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ELECT I RAILW
SECTION
OF THE

COMMERCIAL & FINANCIAL -01RONICLE.
Entered according to Act of Congress in the year 1908, by WILLust B. DANA COMPANY,in Office of Librarian of Congress, Washington, D.0

Vol. 86.

NEW YORK, FEBRUARY 29, 1908;

No. 2227.

and one, the severest handicap of all, arising out of
the attitude of governing bodies towards them.
The Electric Railway Section, issued three times a year, in February, Canada has given bountiful aid to her steam railroads,
June and October, is furnished without extra charge to every annual subenabling the greatest of them to become perhaps the
scriber of the Commercial and Financial Chronicle.
The Railway and Industrial Section, issued quarterly, on the last Saturworld because of its undisturbed
day of January, April, July and October, is also furnished without extra richest railroad in the
charge to every subscriber of the Chronicle.
and, in fact, uncalculated land assets. In the early
The State and City Section. issued semi-annually, on the last Saturday
of May and November, is likewise furnished without extra charge to every days of the electric railways some Government aid
Chronicle subscriber.
was also given, amounting to a total of some $600,000,
The Bank and Quotation Section, issued monthly, is also furnished
without extra charge to every subscriber of the Chronicle.
a little more than half of which came from the ProTerms for the Chronicle,including the four Supplements above named,
are Ten Dollars per annum within the United States and Thirteen vincial Government, while the balance was shared
Dollars (which includes postage) in Europe.
between the municipalities and the Dominion GovernFile covers of the Chronicle are sold at 50 cents each; postage on the
same is 18 cents. File covers for Supplements can be had at same price. ment. A comparatively unimportant grant of land
CHICAGO OFFICE—Pliny Bartlett, 513 Monadnock Block.
was also given in British Columbia at one time, but at
LCONDON OFFICE—Edwards dr Smith, 1 Drapers' Gardens, E.C.
present no help in constructing new trolley lines is to
WILLIAM B. DANA COMPANY, Publishers,
be looked for from Government sources in Canada,
Pine Street, corner of Pearl Street,
while, on the other hand, the burden of taxation and
New York.
Post Office Box, 958.
franchise payment and the constant efforts by municiCANADIAN ELECTRIC RAILWAYS IN 1907.
palities to obtain lower rates of fare have made great
The annual statement of the Canadian Deputy inroads into net earnings. Thus, in 1906, the Toronto
Minister and Chief Engineer of the Department of Railway paid to the city a sum for franchise and paving
Railways and Canals has just come to hand, and it in- compensation exceeding 29% of its net earnings after
cludes statistics of the electric lines in the Dominion taxes. While this is a rather extreme example, this
as well as of steam lines. Unfortunately these statis- same tendency to restrict jealously the possible profits
tics are given in highly condensed form, so that it is of street railway companies is observable in many of
necessary to have a good understanding of the prop- the Dominion cities and towns. As a result street
erties in order to appreciate the significance of the railway enterprise is at a standstill, so far as opening
facts presented. It must also be observed that in re- new territory is concerned. Steam railroad mileage
porting mileage the Canadian statistics exclude double has increased 3,464 miles, or about 18%, in the same
track and sidings, while on this side of the border it is four years during which street railway mileage has incustomary to give the single-track mileage of electric creased 55 miles, or 6%.
lines; hence the total figure for the Canadian mileage
With a mileage substantially stationary, it is interis considerably less—perhaps a third less—than it •esting to observe what traffic increases have been and
what their effect has been on earnings. The total
would be if expressed in terms of single track.
The most significant part of the showing made by gross has increased from $8,453,609 in 1904 to $12,the Canadian electric lines in 1907 is not mentioned in 630,430 in 1907, and net earnings in the same time
the report. The total mileage was 814 route miles have increased from $3,127,092 to $4,971,624. Caron June 30 1907, while on June 30 1906 it was. 813N, mile earnings went up from 20.09 cents in 1904 to
miles; in 1905 it was 793 miles, in 1904, 766 miles, 23.67 cents, a very good increase, to a total not much
and in 1903 it was only seven miles less. That is to below that of the State of Connecticut. Traffic denssay, it has taken the Dominion four years to add 55 ity, as measured in car-miles run per mile of road, inmiles to its electric system at a period when the street creased from 54,880 to 65,512. The capital per mile
railway companies in the United States have been went up from $65,752 outstanding to $90,320 in the
building, on the average, nearly 3,000 miles a year.
same period of time. Yet net earnings on this capital
We brought out some of the characteristic features (subject to taxes as well as fixed charges) amounted
of Canadian electric railways last fall ("Street Railway to 6 4-5% on the capital outstanding, as against
Section" Oct. 1907), and showed that they had three 6 1-5% in 1904 and 5.9% in 1901, the first year in
natural handicaps—one, geographical, due to the fact which the Dominion collected statistics of its trolley
that Canadian centres of population are pretty well roads.
scattered along a thin strip of country which stretches
These results indicate that the increases in capital,
from the Atlantic to the Pacific; one, climatic, because which by themselves seem large, have not been too
the lines have to contend with more snow and ice than heavy for the properties to bear. On the other hand,
any other important group of trolley lines in the world; the traffic increases have been constant and great.

ELECTRIC RAILWAY SECTION.




STREET RAILWAYS.
In view of the extraordinary development of Canada
within the past few years, it will be extremely interesting to observe the tendencies of street railway development to provide for the short-haul transportation
needs of this population in the way of building up outlying districts to the principal cities and then connecting towns by a system of interurban lines, as has been
done in the United States. The interurban line in
Canada is still in its infancy, most of the mileage representing city lines in Montreal, Toronto, Winnipeg and
Ottawa; but if the experience of the United States repeats itself in the Canadian farming districts, it will
surely be found that there is not only room but urgent
demand for interurban mileage. Some encouragement is now given new enterprise in the Canadian
West by the fact that municipalities are not disposed
to exact the last farthing for taxes and required improvement work; but in the eastern part of Canada
the incentives to new electric railroad construction
are not great.
It is characteristic of the principal city lines in the
Dominion that they have been well and cleanly managed and capitalized; consequently they are in a position to gain almost as much as they lose by the
stringent requirements. They are able by a great
effort to meet their charges and have something left
over for their shareholders, and they have little to fear
from the competition that is apt to come under easier
conditions. These enterprises, that is to say, although
existing in a new and undeveloped country, have
many of the characteristics of the public service corporations in highly populated, old communities,
where new lines are not encouraged nor wanted and
all comers are required to contribute heavily, in one
form or another. But in Canada it seems as if there
was every reason why the burdens of public service
corporations should be kept as small as possible until
these corporations have had time to expand and develope a sphere of usefulness at presen tunthought of. The
electric mileage in the Dominion to-day is a good deal
less than it ought to be,and the only obvious way to increase it would be a widespread resolution on the part
of the towns and municipalities to encourage this form
of development by easing its corporate burdens.
THE STREET RAILWAY SITUATION IN
CLEVELAND.
In two important American cities, Cleveland and
Detroit, the local street railways have had the unfortunate distinction of being the subject upon which
political platforms have been built, and there has
been waged about them a series of political battles
which has no exact parallel in the history of the
country. The street railway question has subordinated all other questions, local qr national, and the
attitude of the mayoralty candidate on general party
matters has been entirely lost sight of, while his attitude on the question of 3
-cent fares has been paramount to all other, considerations. When a local
street railway line gets into politics in this manner
.it is hard to say whether the street railway or the
community suffers most. From the standpoint .of
the street railway stockholders, harm is done by experimental reduction of fares, by absolute or threatened loss of expiring franchises in important territory,
by municipal obstruction at every point, and by terrific
legal costs for suits, injunctions, etc. From the
•




FYoL. Lxxxvi.

standpoint of the community, the efficiency of the
service falls off, because no street railway manager
wants to spend anything on the up-keep of property
which he is likely to lose, while, if the municipal
battle is really hotly waged, streets are blocked,
traffic interrupted and through lines cut in two in
the middle.
Cleveland has been through the most severe warfare of this kind in the history of traction enterprises.
The citizens have four times elected to office a Mayor
whose platform was the 3-cent fare. Whether or not
we grant that:the Mayor's intentions have been honest,
and that he believes it possible to operate street railways in Cleveland on a 3-cent basis with profit, the
fact remains that in the heat of the battle his interest
has been so keen that he has allied himself with one
of the companies contending for possession of expiring
franchises to the extent of guaranteeing its stock,
and became so violent a partisan that the old established street railway interests claimed, with undisputed
correctness, that his attitude had long since ceased to
be judicial. They urged with truth, that, though
he is Mayor of the whole city, he was, as a matter of
fact, devoting his entire exertions towards furthering
the cause of a single interest within the city, to the
great harm of the existing street railway interests
and to the detriment of all communications and travel
about the city by those having no interest in the controversy whatever.
The Cleveland Electric Railway in 1903 acquired
the Cleveland City Railway Company, the combined
system operating about 225 miles of single-track,
upon which franchises expire at varying periods.
Mayor Tom L. Johnson was first elected in 1901,
largely on the strength of his promise to the voters
to secure for them a 3-cent fare, opportunity for enforcing which arose from the fact that some'important
franchises in the heart of the city were nearing the
limit of their term. To further his political plans,
the Peoples' Railway Company was granted franchises
in September 1903 by the Cleveland City Council,
and the franchises of the Peoples' Railway Company
were in turn taken over by the Forest City Railway,
incoporated in October 1903.
This Forest City Railway was the principal weapon
with which the battle was fought, for almost three
years, by the Mayor and the City Council. At first
the issue turned largely. on obtaining consents from
property owners along the streets where the new
company proposed to operate, and the vested street
railway interests naturally opposed these attempts
and fortified themselves with consents which they
themselves obtained to be used at the time that old
franchises should expire. Meantime, the Forest City
Company went ahead with its work on franchises
which the Council had actually granted to it, in its
former status of the People's Railway; but in 1906
the State Circuit Court reversed the Common Pleas
Court in granting an injunction restraining the construction of one line, and the U. S. Supreme Court
also decided that the franchise on another important
line, granted the Forest City Railway, was invalid,
since the franchise of the Cleveland City Railway on
that line had not yet expired.
It may be said that the active struggle in its present
stages began with these decisions in 1906. All negotiations between the Cleveland Electric Railway

FEB., 1908.

STREET RAILWAYS.

and the Mayor were abandoned in July 1906 and the in regulating transfers, and agreeing that at the exold street railway company applied formally at that piration of grants the city might take the property
time for a new franchise on the basis of reduced fares, at a valuation which need not include franchise values
while the Forest City Railway Company at the same —a very great concession for a street railway to make.
,
time applied to the City Council for franchises over 12 The Forest City company at the same time submitted
different routes, in competition. The "Cleveland a new general proposition asking franchises for all
Press" then made its remarkable offer of a guaranty lines now operated by the Cleveland Electric, the
of 6 per cent on the Forest City stock and contracted franchises of which were to expire between 1907 and
to buy this stock back at cost plus accrued interest 1910; the Woodland avenue and Kinsman, the Detroit
at any time within two years from all subscribers to Avenue, the Franklin Avenue, and other lines, being
the paper. The effect of this, of course, stimulated involved. The City was offered the right to reduce
the purchase of the Forest City stock.
fares below 3 cents if at any time it could show that
In August 1906 the city pulled up the Cleveland the Forest City Company was earning more than 6
Electric tracks on Fulton Street to make room for' per cent on money actually invested
Forest City tracks, and the incident was made picThe City Council then resolved on a November
turesque by the arrest of the Mayor and the Director referendum on the question whether the Cleveland
of Public Service for contempt of injunction. Then Electric Railway should obtain renewed franchises
the Cleveland Electric got a decision which enabled for 20 years on the basis of seven tickets for 25 cents
it to re-lay the FuLton Street track which had been torn and universal transfers, or whether , the Forest City
up, and it re-laid it in the center of the street, but was Railway should obtain franchises on the basis of a
subsequently obliged to move it to one side of the straight 3-cent fare franchise, to be revocable at any
street, by order of the Council.
time, with ultimate municipal ownership as the object.
The acute struggle then shifted for a brief time from But the Board of Elections refused to permit this
the streets and courts into the Council. The Cleve- referendum to take place, on legal grounds. Thus
land Electric offered to pay all the expenses of a refer- the contest was not allowed to have even a temporary
endum at the fall election and agreed to allow the truce at this time, but the battle was renewed by both
Forest City company to place its proposition side by parties with great vigor, and the next month a concern
side with the Cleveland Electric proposition on the known ,as the Low-Fare Railway was incorporated
ballot. The Mayor opposed this plan vigorously and with $250,000 capital stock, apparently to protect
the Council forbade the referendum. In retaliation, Forest. City Railway interests by competing anew for
the Cleveland Electric brought out the fact that the certain privileges where the Forest City was blocked
the Forest City company had paid large sums to by injunctions or otherwise. The picturesque feature•
obtain consents for a cross-town line on Gordon Avenue, of this month (December 1906) was the laying of
and the Forest City was compelled to admit the charge. connections by the Forest City Railway Company at
Mayor Johnson then brought forward prominently night over disputed territory..
the holding company plan which he had long favored.
Meantime, a decisive injunction suit with regard to
He suggested that the Cleveland Electric and the occupation of the street had gotten to the United
Forest City properties be both leased to a holding .States Supreme Court in November 1906 and on
company which should give the city the benefit of January 7 1907 the Supreme Court decided that the
the profits, and that the properties should be turned Cleveland Electric Railway franchises on Central
over to the city for purchase at such time as the State Avenue and Quincy Street and on a portion of Erie
Legislature might give the city the right to operate Street had expired March 22 1905. Anticipating this
street railways, with what was called a "security expiration, the City Council had given the Forest
franchise" to protect the vested street railway interests City Railway Company franchises on these streets
in case of failure of the plan. This holding company in the form of a renewal of the old franchises, and the
was destined to crop up periodically in the months of situation was complicated by the fact that this renewal
contest that followed; it represents also the present to a different company was declared by the Circuit
basis of negotiations, with certain modifications.
Court Judge to be technically impossible. A further
To this proposal (September 6 1906) the Cleveland complie'ation was caused in January by the granting
Electric Railway Company agreed, provided that its of certain franchises by the City Council to the Low-.
owners should receive guaranteed /13% dividends Fare Railway, which was so working as to nullify the
on the stock, taken at a valuation of $100 per share. effect of the Court decisions against the Forest City
Meantime the Cleveland Electric Railway, as a tax Company.
payer,asked the City Solicitor to bring action to nullify
In the middle of January 1907, therefore, the sitthe Forest City franchises, on the ground that the uation was as complicated as it well could be. Some
Mayor was financially interested in them. The effect thirty injunction suits had been brought against the
of the Mayor's reply to this charge was that his interest Forest City Company, and the retaliatory injunctions
was that of a man who stood to lose, but not of a man were so complex and were interwoven in such fashion
who stood to gain. He admitted thAt he had fre- that no one could pretend to know the entire legal
quently lent his credit and endorsed the promises status of the conflict until these innumerable comof the Forest City Company to pay paving rebates in plications could be cleared up. In view of the Sureturn for property owners' consents.
preme Court decision referred to above, a 30-day
The terms on which the Cleveland Electric Railway truce was therefore agreed upon, during which all
was willing to lease its property were not acceptable injunctions should be inoperative, and the Municipal
to the Mayor, and in October 1906 the company sub- Traction Company, which .had leased the Forest City
mitted an amended proposition providing more liberal Railway Company for 50 years, with privilege of repaving arrangements, giving the city limited power newal, was allowed to operate over the Cleveland




4

STREET RAILWAYS.

I vol.. Lxxxvi.

Electric tracks into the Square. The Cleveland Elec- way had no rights on Central Avenue and Quincy
tric agreed to operate the disputed lines for a time Street; that consents by property owners were necesto prevent usurpation of the rights of the people,
at cost, and again asked 'permission to compete for sary that the consents used in securing the Forest City
and
new franchises on stipulated terms. It was proposed franchise could not be used by the Low-Fare Railway.
by the municipal interests in opposition to this, that Following this blow, lightning struck the Forest City
the entire system of the Cleveland Electric Railway power-house on July 16 and the road was compelled
should be leased on the same terms that the Municipal to suspend operation for several days, since the Clevepositively refused to sell power to it,
Traction at that time leased the Forest City Railway; land Electric that it was
presumably operating ilon the ground
that is to say, on a basis of 6 per cent on construction legally. The City Council then passed an ordinance
cost, provided stock was not issued below 90. The (August 3 1907) intended to cure all the defects in
Municipal Traction Company suggested that the prop- the ordinances formerly enacted, giving powers to
erty and present worth of the unexpired Cleveland the Mayor's lines.
With the coming of fall, the new mayoralty camElectric franchises be appraised, that one-ninth of
paign was at hand and the results of this are so well
.this sum be added, and that 6 per cent be paid upon known that they need only be cited very hastily.
the sum thus obtained. The Low-Fare Company The Republicans nominated Theodore Burton for
was also ready with a proposition of its own, to the Mayor, and in agreeing to accept the nomination he
effect that it be allowed to lease the property of the stated his opinion that the settlement of the traction
question, of which all citizens were heartily tired,
Cleveland Electric on Central Avenue and Quincy should be left to the administration, but that the
Street, and that it operate with 3-cent fares and trans- administration should have no alliances of any kind.
fers, 6 per cent interest to be allowed on the appraised The only stipulation in the platform was that the fare
value of the Cleveland Electric as determined by a should not exceed seven tickets for 25 cents, this
being the basis upon which the Cleveland Electric
bi-partisan commission.
Railway Company offered to do business if granted
In February and March 1907 this truce was con- franchise renewal. The Democrats renominated Mayor
continued, while appraisals and estimates were in Johnson, and in November he was elected, after a hard
•
progress. Finally, Mr. Andrews, President of the fight, by a small plurality.
From the standpoint of the vested property interCleveland Electric Railway and Mr. Du Pont, Presiand on
dent of the Municipal Traction Co., acting as arbiters, ests, the fight was now regarded as hopeless,
November 9 a conference regarding expiring franchises
came out with valuations of the Cleveland Electric was held between Mayor Johnson, the officers of the
property which differed enormously—that of Mr. Cleveland Electric Railway, the City Council and
Andrews being equivalent to a stock value of $105, the Councilmen elect. Mr. Andrews, of the Cleveland
and that of Mr. Du Pont to a stock value of $45 10 Electric, wanted impartial arbitration. The Mayor
arbitration would take too long,
per share. The truce continued for a time, however, frankly stated that upon his holding-company plan,
insisted again
clear that there could be no ques- and at a reduced valuation per share of stock, since
but in April it was
but
tion of compromise between the two valuations. he contended that no efforts had been made to mainIt was then shown in the interest of the Cleveland tain the property during the heat of the controversy,
Electric Railway that the Mayor never meant to and that a depreciation cost should be charged against
-cent fare outside the city limit the valuation allowed.
provide a straight 3
The Cleveland Electric Railway then made one final
and that his proposition was of no interest proposition which was perhaps the most liberal offer
zone,
whatever to suburbanites, since it would increase, ever made in the history of street transportation.
instead of reduce the cost of their travel to and It agreed to give a six month's test of straight 3-cent
from business. At the same time the Cleveland fares and then accept a 25-year franchise on any fare
determined by a board of disElectric Railway definitely refused to accept the hold- whatever that might be
interested experts, provided only that the basis chosen
ing company plan as projected. It contended that the would allow 6 per cent on the money invested in the
system could not be properly worked and maintained property. It is hard to conceive how an offer more
on a basis of straight 3-cent fares, and urged the City liberal than this could have been made, yet the Mayor
Council to accept a basis of seven tickets for 25 cents. refused it, and on December 4, in despair of obtaining
Electric Railway agreed on a
The truce between the contending interests was equity, the Cleveland arbitrators should fix a valuholding plan by which
thus effectually ruptured, and the Mayor at once ation on the old company's property and the lease
began a strong campaign for his low-fare lines. He should be on the basis of a guaranteed return on the
urged a popular $10 subscription and stated the value thus established.
This valuation is still in progress, with the kind of
belief that $10,000,000 could be obtained from the
results that might have been predicted from the outsmall savings of the people in this way. On the other
set by any observer; that is to say, there has been no
hand, the Cleveland Electric Railway put placards difficulty in an agreement on what may be called the
in its cars reading:"The 3M -cent fare is yours if Mayor tangible values—the company's building and land
Johnson will let you have it. Speak to your Council- holdings—but on franchise values there has been no
man about it." Without going into all the details agreement at all, and the same thing is true of the
where questions
of the squabble throughout the remainder of the valuation of the tracks, have greatly of deprecomplicated
ciation and of current prices
wring of 1907, it may be stated briefly that the Council the situation.
ordered transfers on all Union Depot traffic and that
It is noteworthy that throughout this whole bitter
the Cleveland Electric Company refused to grant controversy there has been entire absence of satisthem; that the Cleveland Electric tore up its tracks factory proof by the Mayor and his Council that it is
on Quincy Street and Central Avenue for salvage after possible to operate properly and to maintain properly
the City Council had given the Low-Fare Company a a city street railway company on a 3-cent basis during
grant to build and operate on this street, notwith- a time when all prices are tending to rise. The situstanding a 4,000-name petition to the contrary, while ation is one where a pretty irresponsible popular vote
the flood of injunctions and of recriminations continued has forced an experiment upon the traction lines
unabated. In July 1907 the Circuit Court decided most of the costs of which must be borne by the owners
in the Ison injunction case that the Low-Fare Rail- of the Cleveland Electric Railway.




ELECTRIC RAILWAYS.
SECURITIES AND REPORTS.
This is one of our four Sections or Supplements. In using the series it is to be remembered that they are inter-dependent
publications, complete only as a whole. If utilized together, and with the fresh items of news the "Chronicle" contains from
week to week,the investor will have all the information he needs in seeking a safe and remunerative lodgment for his money.
Street and Electric Railways forcibly illustrate this inter-dependence. Such roads obviously rely for their income, and
therefore in great part for the value of their securities, upon the population and activity of the country they serve. Hence
constant reference to our "State and City" section will be found necessary by those wishing to purchase the stocks and bonds
of street roads. Population, assessed valuation, tax rate, total debts of the counties, cities and minor municipalities are
given at length in that publication, every one of which items is an essential fact contributing more or less to any correct
estimate of the amount of suburban travel a given road commands.
The abbreviations used in our Electric Railway statements will be found explained in a table immediately following the
last statement in this publication.
A full Index, which shows where each railway will be found, is also given on the closing pages.
ABERDEEN, WASHINGTON.
GRAYS HARBOR RAILWAY & LIGHT CO.
-In 1906 we were advised that franchises were all
ORGANIZATION.
for 50 years and had been granted within 4 years preceding that date.
Owns about 87 acres of land and 25 lots. Operates an electric-light plant
In Aberdeen and another in Hoquiam.
Interest. Outstanding. Maturity.
STOCKS AND BONDS- Date.
$500,000
___ _
Stock,$500,000 ______
500,000 April I 1936
6 g A-0
First mortgage. $500,000,{ 1906
gold ($1,000)
c* Interest at Cit. Say. & Tr. Co., Cleveland,
Trustee, or First National Bk., NewYork.
Bonds.
-A sinking fund sufficient to retire 2% of the bonds annually at
105 and Interest begins April 1 1911. Bonds are subject to call on any
Interest date upon 60 days' notice at 105 and interest. See V. 83, p. 155.
EARNINGS.
-.For calendar year 1907, gross, $193,744; net, after taxes,
$88,471; interest, $24,719; surplus, $63,752. In 1906, gross, $150,072; net,
$75,145; Interest. $21,069; surplus, $54,076.
IIOAD.-Operates 103 miles of track in and between Aberdeen, Hoqulam and Commopolls.
-P., J. B. Bridges; Sec.
OFFICERS.-Pres., Geo. F. Stone, Seattle; V.
-V.83.1). 155:
and Treas., Jay I). Crary Alyfrdeen; Comp., Minor D. Crary.
V.80. p.420.

AKRON, OHIO.
-Trolley.
NORTHERN OHIO TRACTION & LIGHT CO.
-Incorporated in Ohio as successor in Nov. 1902 to
ORGANIZATION.
Traction Co. having exchanged Its securities for the
the Northern Ohio
the
common and preferred stock of ' latter per terms in V. 75, p. 733. In
June 1906 we were informed that franchises then had an average of 17 years
to run. Later in same year took over control of the Canton-Akron Consol.
Ry., and guarantees that company's $2,500,000 consol. 55, prin. and int.
V. 83, p. 435, 849. Also owns entire capital stock of the Akron Wadsworth
& Western Traction Co. and guarantees its bonds, prin. and int. In Sept.
1907 Northern Ohio Trac. & Light shareholders were offered $1,000,000 of
new stock at $20 per share, payable 25% each Sept. 20, Oct. 20, Nov. 20
and Dec. 20. This new stock Is included in total below.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
2 Q-M15 $8,934,900 Dc.15'07%
Common stock, $10,000,000 ---.
(par $100)
300,000 Sept 1 1915
5 g M-S
Ak Bed & Cicv 1st M. $300,- 1895
000 ($1,000);M covers27.4m Interest at Central Tr. Co., N. Y., Trustee.
$2,700,000 July 1 1919
5 g J-J
mortf 1899
Northern Ohio Traction.
g, 53,000.000 ($1,000)__c* Interest at Central Trust Co., N. Y., Trustee;
or Dime Savings & Banking Co., Cleveland
Co.,1903
2,800,000 Jan 1 1933
4&5 g J-J
Northern Ohio Traction &I
Cleve., trusLight 1st consol ($1,000), Int. at Cit. Savings & Tr.
tee, or at First Nat. Bank, New York.
c*
$7,500,000
gold,
$600,000 Sept 1 1909
0Q M
Col Tr Cou Notes ($1,000)__J1906
lmt. at Cit. Say. & Tr. Co., Cleve., Trustee.
See text July 1 1933
5g
Ak. Wads & West mortirage,1 190ti
$500,000 guar ($1.000)_-_j
-Of the 53,000,000 Northern Ohio Traction bonds, $300,000 are
Bonds.
reserved to retire the Ak Bed & Clev. gen. mtge. of 1895. Bonds listed
on Philadelphia Stock Exchange in Oct. 1901. Of the $7,500,000 Northern
Ohio Traction & Light consols, $3,000,000 are reserved to retire the North.
Ohio Traction bonds and $1,700,000 are held for future requirements;
$1,000,000 are 55. all outstanding; the rest 48. The coupon notes are secured by pledge of $400,000 Nor. Ohio Trac. & Lt. 45, $335,000 Can.-Akr.
Cons. Ry. 55 and $200,000 Ak. Wads.& West. 5s. They are redeemable before Sept. 1 1907 at 101; up to Sept. 1 1908 at 100%,and thereafter at 100%.
See V. 83, p. 819, 891.
Canton-Akron Consolidated Railway.
Date.
Interest. Outstanding. Maturity.
STOCK AND BONDS5 g J-J
$1,025,000 Jan 1 1933
Consol M $2,500,000, gold,) 1906
. guaranteed by Northern 0}Int. at Cit. Say. & Tr. Co., Cleve., Trustee.
or First Nat. Bank, New York.
Traction & Light_
5 g M-S
1,150,000 Mch I 1922
Canton-Akron 1st mortgage, 1902
$2,000,000, g ($1,000) __c* Int. at Knickerbocker Tr. Co., N.Y., Trustee
850,000 May 1 1920
5 g M-N
1st mort'ge,( 1900
Canton-Massillon
$1,000,000, g, ($1,000)- Interest at Cleveland Trust Co., trustee, or
( at Standard Trust Co., New York.
565,000 Feb 1 1923
5 g F-A
1st M Can & N P, 51,000,000,) 1903
c*1Int. at Am. Loan & Tr. Co., Boston, Trustee.
gold ($1,000)
6 g J-D
100,000 June 1 1916
Tus RR 1st M, $100,000) 1896
lint. at Cleveland Tr. Co.. Cleve.,0., Trustee.
($500), gold
100,000 May 1 1910
5 Id-N
1890
Tus Eke Co 1st AI
tint. at Say. & Tr. Co., Cleveland, Trustee.
300,000 May 1 1909
5g
Can-Ak 2t1 hi, 5300,0001 1906
1Int. at Cit. Say. & Tr. Co., Cleve., Trustee.
•($1,000), gold
See text
63,000
5 J-J
Lake V L & I mortgage ______
-Of the $2,500,000 new bonds, $500,000 are reserved to retire
Bonds.
and Can.-Ak. 2d mtge. bonds.
the 'Pus. RR. and Tus. Elec. Co. Issues,
Of the $2,000,000 Canton-Akron lit mtges.. $850,000 are reserved to retire
the Canton-Massillon bonds. Neither issue subject to call. The CantonAkron Ry. 2d 5s are subject to call as a whole on any interest date at 101
and interest. The Canton-New Philadelphia bonds may be called as a
whole at 105 and interest on 3 months' notice. The Lake View L. & I.
bonds mature 82,000 annually to 1915, when whole Issue falls due.
-Dividends were begun in 1906 by the declaration of 2%,
Dividends.
payable in installments of 34 % from June 15 1906. V. 82, p. 1213. In
1907 2% was again declared, payable in quarterly installments from June
15 1907.
-Including Canton Akron Consol. fly., operated on Jan. 1 1908
PLANT.
214.53 miles of track. Line extends from Cleveland through Akron, Canton, Massillon and New Philadelphia to Uhrichsville in Tuscarawas County
with branches to Ravenna (via Kent), to Wadsworth (via Barberton) and
to East GfeenvIlle from Massillon. Owns Lakeside Park in Akron and
Meyers Lake Park in Canton. Also owns 1,011 acres of coal land in Noble
County. Rails, 50, 56, 70 and 80-lb. T and 73-11). girder, standard-gauge;
operates 276 cars and 7 snow-plows and sweepers. Embraces electric-light
systems of Akron and Barberton.
-For calendar years (1907 report in V. 86, p. 335):
REPORT.




Charges. Surplus.
Net.
Gross.
1907 (214.53 miles of track) _$1.909,061 $813,306 $513,242 $300,064
213,324
696,498
483,174
1906 (204.12 miles of track)__ 1,703,340
182,637
654,140
471,503
1905 (202.62 miles of track)._ 1,552,970
Out of the $300,064 surplus for 1907,dividends of $158,778 (2%) were
paid, leaving $141,286.
-P., Will
OFFICERS.-Pres., H. A. Everett, Cleveland, 0.; 1st V.
Chas. Currie, Akron; Treas. J. R.
-P. and Gen.
Christy, Akron; 2d V.
--V.
Mgr.'
Nutt, Cleveland; Sec'y, C. F. Moore, Akron. Gen. offices, Akron. . 83,
p.436.688.752,819,891,1037; V.84,p. 221,337.1248,1488; V.85,p. 601;
V. 86, p. 230, 338.

ALBANY, N. Y.
-A trolley road.
UNITED TRACTION.
The entire stock of this company is owned by The Delaware & Hudson
Co. V. 81, p. 1552; V. 82. P. 160.
-Chartered Dec. 30 1899 as a consolidation of the
ORGANIZATION.
Albany Ry. (chartered in 1863), the Watervliet Turnpike and RR. (chartered in 1828) and the Troy City Ry.(chartered Jan. 31 1866). See V. 69.
p. 1147, 1300; V. 70, p. 77. Has contract with Hudson River Electric Co.
of Albany for supply of power. V. 69. p. 541, 909. Franchises In Troll'
and Albany, except for line on Delaware Ave. (a short line on the outskirts
of Albany), which expires Aug.8 1951, are believed to be perpetual. V. 79.
p. 2698. Has traffic agreement with Albany & Hudson RR. Co. and the
Schenectady Ry. Co., by which these roads obtain entrance into Albany
and Troy.
The Cohoes City By. was sold at foreclosure in 1904 and reorganized as
with $120,000 stock and $84,000 bonds; $119,150 of the
Cohoes By.
of the
stock and allCo.' bonds of the new company are deposited with the Central
Co. of New York as security for bonds of the Albany Ry.
Trust
Acquisition of Hudson Voiley.--In Dec. 1906 acquired a majority of the
stock and bonds of the Hudson Valley Ry. Co., and increased its own
capital stock from $5,000.000 to $12,500,000 to finance the purchase.
See V. 84, p. 52.
Interest. Outstanding. Last div.,itc
Date.
STOCK AND BONDS$12,500,000 Jan 1'08,2%
Stock (par $100) $12,500,000_
456,000 May 1 1919
gold1 1901 4 % g
Debentures, $456,000,
dint. at Nat. Commercial Bank. Albany.
_
_
($1,000)
2,588,000 June 1 2004
gold) 1904 43.4 g J-D
Cons mort,
c*1Int. at Central Trust Co., N. Y., Trustee.
($1,000)
-Of the consol. mtge. of 1904, $3,912,000 is reserved to retire prior
Bonds.
liens. No sk, Id. and bonds are not subject to call. Directors may fix rate of
interest, but not exceeding 6%; present issue is at 434 %. The debentures
may be called on any interest date on three months' notice at "a 5% Interest
rate for the unexpired term as calculated in standard interest tables.
V. 73, p. 1113.
SECURITIES OF ALBANY RAILWAY.
Interest. Outstanding. Maturity.
Date.
STOCK AND BONDS$32,000 Sept 1 1913
5 M-S
1888
Fifth mortgage
428.000 Jan 1 1930
5 g J-J
Consol 1.1 ($500,000), gold 1890
($1,000)
c*J Interest at Central Trust Co., New York.
496,000 June 1 1947
5 g J-D
General mortgage. $750,000.1 1897
J Central Trust Co., New York, Trustee.
gold
teased line securities$350.000 May 1 1919
1889 6 M-N
Wat T & RR1 Boston Safe Dep. Co. & Tr. Co., Boston, Tr.
1st hi int guar
150,000 May 1 1919
1890 6 M-N
j
2nd M, p & int guar
'(Metropolitan Trust Co., N. Y., Trustee.
$750,000, of which $254,000
The Albany By. gen. mort. of 1897 was for
was reserved, but consolidation makes reservation inoperative.
SECURITIES OF TROY CITY RAILWAY.
Interest. Outstanding. Maturitu,
Date.
$2.000,000 Oct 1 1942
5 g A-0
1892
Troy City lit con M,ft. $2.-1
c*&r1Interest paid by Trustee, Central Trust Co.N.Y.
000,000
The Troy City leased roads include Troy & Cohoes, stock $50,000, dividends under lease 7%; Lansingburg & Cohoes, stock $15,000, dividends
under lease. 7 %: Troy & Lansingburg, stock $700,000, owned by Troy
City By.;. total $765,000. The Waterford & Cohoes RR.. $25,000 stock,
receives 7% yeaily under lease.
-First quarttoty dividend, 13.1 %, was paid May 1 1900:
DIVIDENDS.
same rate since up to and including Feb. 1907. Dividend period then
enangcd to semi-annual and 2% paid July 1907 and 2% Jan. 1908. •
-Operates 85 miles of track, of which 67 miles owned, connecting
ROAD.
Albany, Troy, Cohoes, Rensselaer, Watervliet, Lansingburg, Green Island.
Waterford. etc. Has 405 cars,including 12 snow-plows,9 sweepers and 18
service cars. Carries express and light freight.
LATEST EARNINGS --For six months ending Dec. 31 1907. gross,
$1,046,214, against $1,000,137 in same six months of 1906; net $369,594
against $399,405, and surplus above fixed charges $231,198, against
ANNUAL REPORT-Years ending June 30th:
$230,042.
1906.
1007.
1906.
1907.
Gross earns _$1,956,441 $1,765,224 Total net ____ $860,688 $669.076
347,071
Oper. exp_ _ __ 1,187,735 1,116,037 Fixed charges. 349,925
649,187 Dividend__ _(3%)187,485 (5)249,980
768.706
Net
72,025
323,278
91,982
19,889 Balance,sur__
Other income_
-P., C. S. Sims; 2d
OFFICERS.-Pres., L. F. Lorec, New York; 1st V.
Sec. and Treas., James McCredie, AlV.
-P.. W. H. Williams, New York;
bany; Gen. Mgr., Edgar S. Fassett; Supt., Chas. H. Smith; Traffic Mgr.,
Chas. H. Armatage; Compt., W. H. Davies. Principal office, Albany.
V. 81, p. 1552, 1611; V. 82ap. 82, 162, 393; V. 83, p. 1381; V. 84, p. 932.
1368, 1429.
-A trolley road.
(1) Hudson Valley Rail wa y.
In Dec. 1906 a majority of the stock and bonds was acquired by the
United Traction Co of Albany. V. 84. n. 51.
ORGAN IZATION.-Incorporated Aug. 15 1901 as a consolidation of the
Glens Falls Sandy Hill & Fort Edward Street By., Warren County By..
Stillwater & Mechanicville Street By., Greenwich & Schuyleryille Electric
RR.,Saratoga Traction Co. and Saratoga Northern Ry.,the capital stock of
these roads being exchanged for stock in the new company. See "Chronicle," V. 73. D. 391. Carries freight and express as well as passengers

6

[voL. Lxxxvi.

STREET RAILWAYS.

Franchises are all nerpetual: Owns all the stock ($200,000) and all the
bonds ($200,000) of,the North River Ry., a road operated In Saratoga by
this company.
In 1906 part of the consol. 55 were converted into debentures in accordance with a plan for the re-adjustment of the company's finances. V. 82,
p. 1040. In March 1906 created $2,500,000 preferred stock to provide for
the convertible feature of the debenture "Bs." V. 82, p. 751.
STOCK AND BONDS.Date.
Interest. Outstanding. Maturity.
Common,$3,000,000, par $100
$3,000,000
Preferred ($2,500,000 (see'
See text.
text), 5% non-cumulativef
First consolidated mortgage) 1901 5 g J-J
2,222.000 July 1 1951
$4,000,000 (denomination }Interest at Manufacturers' Nat. Bank, Troy.
51,000 gold)
c*)May be called at 110 & int, on any int. date.
Collateral trust $650,000
1906
5g
$500,000 NIch 1 1911
Deb."A" Income $700,000_
1906
5g
474,000 Jan 1 1951
Deb."B" Income $2,500,000_ 1906
2g
2,500,000 Jan 1 1951
Underlying LiensGFSH ecFEnrstM(noop)1 1891
6 J-J
100,000 July 1
$500 and $1,000) gold _ _ _ _c(Central Trust Co., New York, Trustee.1911
• do 2d M ($500) gold....c.1 1893
6 J-J
50.000 July 1 1913
lint. at Merchants' Nat. Bank, Glens Falls.
do 3d M ($150,000) ___i 1901
6A-0
82,000 April 1 1921
May be called at 100 on April 1 1902.
Still & Mech first mortgage__ 1893
6 A-0
47,500 April 1 1913
Bank of D. Powers & Sons, Troy, N. Y., Tr.
do
do second mortgage 1898
6 A-0
202.500 April 1 1913
consolidated $200,000 _j
Glens Falls Trust Co., Glens Falls, Trustee.
Bonds.
-Of the $4,000,000 mortgage of 1901, $482,000 is set aside for
prior liens and $1,290,000 have been deposited as collateral for the collateral
trust 5s. The debenture "B" bonds are convertible into preferred stock
from March 1 1908 to 1917 inclusive. Collateral trust 5s are redeemable at
par and interest on 30 days' notice. Interest on the debenture "A" and
"B" bonds is neither cumulative nor obligatory.

STOCK AND BONDS.
Date.
Interest. Outstanding. Maturity.
Stock, $750,000, $50
$250,000
First mortgage, $250,000,1 1900 5 g J-J
250,000 July 1 1930
gold, $100,$500 and $1,000 Interest at Fidelity Trust Co., Phila., Trustee
First M Kutztown& Fleetw'd 1902 5 g J-J
200,000 Jan 1 1932
$200,000, guaranteed p & I
First consol mtge $750,000 1902 5 g J-J
300,000 July 1 1932
gold ($500 & $1 000)__odat
& Tr.Co.,Phila-Trus.
Loans payable June 30 1906
------------------------$166,607
Bonds.
-Of the $750,000 of new consols, $450,000 are reserved to retire
prior liens. They are subject to call at par after July 1 1917; no sinking
fund. The first mortgage bonds are redeemable after July 1 1910 at par.
EARNINGS.
-For year ending Dec. 31 1907, gross, $164,478; net, $52,726. In 1906, gross, $175,063; net, $73,912.
ROAD.
-Operates 39.60 miles main line,7.50 miles sidings-total,47.10
miles; 41 cars.
OFFICERS.-Pres., H. E. Ahrens, Reading; V.
-P., S. A. Hoffman;
Sec., Asa R. Beers, Mauch Chunk; Treas., Geo. 13. Schaeffer; Supt., I. S.
Ruth, Allentown.
-V. 81, p. 1492; V. 82, p. 216.

AMSTERDAM, N. 'Y.
AMSTERDAM STREET RR.
-This road, together with the Cuyadutta
Electric By., was consolidated in Dec. 1902 with the Fonda Johnstown &
Gloversville RR. See statement of the latter in "Railway and Industrial
Section."

ANDERSON, IND.

INDIANA UNION TRACTION CO.
-A trolley road.
ORGANIZATION.
-Incorporated in Indiana on June 9 1903. Leases
Union Traction Co. of Indiana from June 30 1903 for 999 years. For terms
see that company below. In Dec. 1905 acquired the Indiana Northern
Traction Co., subject to $500,000
REPORT.
-For fiscal year ending June 30 1907, gross, $606,661; net, teed by Indiana Union Trac. Co.mtge., prin. and int. of which is guaranV. 81, p. 1848. In April 1906 acquired
$202,973; fixed charges, $202,248; surplus, $725.
entire corn. stock ($500,000) of the Muncie Hartf. & Ft. W. By. V. 82, Ir•
-Main line extends from Troy northward along the Hud- 805, 869, 1041. In June 1906 leased that company, and in addition to opROAD.
son through the villages and towns of Waterford, Mechanieville, Still- erating exp., int. on bonds, &c., pays a rental equivalent to 5% on its
water, Schuylerville, Greenwich, Fort Edward, Sandy Hill, Glens Falls $500,000 cumulative preferred stock. See V. 83, p. 96. In Juno 1906
and Caldwell to Warrensburg. The Saratoga Division, which branches off acquired the road of the Muncie & Union City Traction Co. from Union City
the main line at Mechanicville, provides a line from Troy to Round Lake, to Iuncle. Owns the company's entire $500,000 stock and guarantees its
bonds, principal and interest. V. 83, p. 96.
Ballston and Saratoga, with a branch from Saratoga Springs to Glens
STOCK AND BONDS.
via South Glens Falls, which branch was completed in June 1903. Falls,
Date.
Interest. Outstanding. Maturity.
Total
main line, 98.17 miles, and branch lines, 18.08 miles, of which 89 miles is Stock, $5,000,000 ($100)_____
$4,990,000
over private right of way;second track, 3.61 miles; sidings. 7 miles; making First mortgage $5,000,00(/ 1903
5 g A-0
1,250,000 July 1 1933
$1,000) gold
a total of 126.86 miles of track. Rails, 60, 70 and 80-lb. T and 140-lb. girc* Interest at Girard Trust Co., Phila., Trustee.
North Trac first mtge 1903
der. Standard gauge. Operates 99 passenger cars, 7 snow-plows, 2 electric Indiana
5 g A-0
1
$500,000 gold ($100, $500}Interest at Trenton (N.500,000 OctSafe1933
locomotives and 7 express cars. Company owns Kaydeross Park, at
J.) Trust &
Dec*1 posit
toga Lake; Ondawa Park, between Greenwich and Schuylerville; Sara51.000)
Fort M and& Ft W guar mortgage1 1904 Co., Trustee.
first
William Henry Park and the new Fort William Henry Hotel at Lake George.
H
5 g J-J
1,000,000 Jan 1 1935
$1,000,000 gold ($1,000)c* Int. at Guard. Sim& Tr.Co.,Cleve., Trustee.
-V.83, p. 155, 213, 1098; V. 84, p. 51, 1366.
Mun & Un C M $925,000 1906
5 g J-J
925,000 July 1 1936
guaranteed gold ($1,000)e* Int. at Fidelity Trust Co., Phila., Trustee.
Bonds -Of the $5,000,000 bonds of 1903, $3,750,000 are reserved for
extensions and improvements, but can only be issued when net earnings are
ALLENTOWN, PA.
1M times interest charges on outstanding bonds over and above rental
payments to Union Traction Co. Sinking fund, 114 % per annum of outLEHIGH VALLEY TRANSIT CO.
-A trolley road.
standing bonds, became operative on July 1 1904. Fund is to be Invested
ORGANIZATION.
-Incorporated In Pennsylvania on Nov. 3 1905 and In the bonds at not above 105 and interest, and bonds may be drawn for
Is a reorganization under foreclosure of the Lehigh Valley Traction Co., the the sinking fund at that price, but are not otherwise subject to call until
Philadelphia & Lehigh Valley Traction, the Allentown & Slatington and after July 1 1908, when all may be redeemed at 105 and interest on any
the Coplay Egypt & Ironton Street By., as per plan in V. 79, p. 733. 1462. Interest day. The Indiana Northern Traction bonds are subject to call at
Under agreement made in July 1907 cars of the Lehigh Valley Transit 105 and interest on six weeks' notice. V.82, p. 805. The Muncie Hartford
have their Philadelphia terminal in the Philadelphia Rapid Transit station & Fort Wayne bonds can be called Jan. 11925, or after, at par. A sinking
fund on those bonds of 23i Yo of gross earnings per annum began July 1 1905,
at Chestnut Hill. V. 85, p. 99.
Also leases the Quakertown Traction Co. for $15,000 per annum.
See V. 80, p. 1059. The Muncie & Union City bonds are subject to call
after five years at 105; are guaranteed, principal and interest, by Indiana
Owns the following stocks and leases:
Cap. stock. Union Traction Co.
Stock.
-Listed on Philadelphia Stock Exchange in May 1905.
Name of Company-.
Owned. Total issue
*Allentown Electric Light & Power Co. (common)
EARNINGS.
$150,000 $150,000
-For the calendar year 1907 were: Gross, $2,089,233; net,
do
do
do
do
(preferred)
150,000 $978,034; fixed charges, including dividends on stocks of Union Traction of
10,000
Quakertown Traction Co
275,000
300,000 Indiana and Muncie Hartford & Ft. Wayne By., $958,011; surplus, $20,Chestnut Hill & Springhouse Turnpike Road Co
70,000 022. In 1906, gross, $1.943,101: net. $947,835.
69,300
Slatington Power Co
50,000
50,000
-Besides the city lines in
ROAD.
Rittersville Hotel Co
100,000
100,000 dria and Elwood, owns an InterurbanMarion, Anderson, Muncie, Alexan*Allentown & Bethlehem Turnpike Co.(common)
25,000
25,000 Alexandria, Summitville, Fairmount, road from Anderson (via Linwood,
do
do
do
do
(preferred)
None.
25,000 Home) to Marion, with a branch from Jonesboro, Gas City and Soldiers'
Alexandria (via Orestes and Dundee)
Chestnut Hill & Springhouse Turnpike Co
Majority. (?)
to Elwood, and from Elwood to Tipton; also an Interurban line from
Allentown & South Allentown St. ay
All
(?)
Muncie, via Yorktown, Daleville, Chesterfield, Anderson, Pendleton,
Allentown & South Allentown Bridge Co
All
(?)
Ingalls, Fortville, McCordsvIlle and Lawrence. to Indianapolis; also an
Lease of Allentown & Coopersburg Turnpike Co.
Lease of Bethlehem & Nazareth Passenger Railway Co.; lease is for 999 interurban line from Logansport, via Kokomo, Tipton, Atlanta, Arcadia,
Cicero, Noblesville, Carmel, Broad Ripple, to Indianapolis, and from Peru
years at 5% on stock and bonds.
By ownership of a majority of the stock of the Allentown Electric Light & to Kokomo; total track aggregates 210 miles of interurban and 50 miles of
Power Co. and all the stock of the Slatington Power Co., It controls the city lines, standard gauge. Also a line from Anderson to Middletown,
10 miles, put In operation Aug. 1, 1905; likewise Ind. North. Trac. 20
business of the following light, heat and power companies:
of track between Marion and Wabash,also Muncie Hartf. & Ft. Waynemiles
Allentown Electric Light & Power Co.
By..
Bethlehem Electric Light Co.
)Leased to the Allentown Electric 44 miles, from Muncie to Bluffton, via Eaton, Hartford City, Montpelier,
Keystone and Poneto and Mun. 6: Union City, 34 miles, from Union
South Bethlehem Elec. Light Co.f Light & Power Co.
City to Muncie; total, 368 miles of track. Through cars are run between
Slatington Power Co.
Citizens' Elec. Light, Heating & Power Co.)Leased to the Slatington Indianapolis and Fort Wayne in conjunction with the Ft. Wayne ,Se
Wabash Valley Traction Co. V. 83, p. 1102. Provides package freight
of Siatington and Wainutport
Power Co.
_
service between Indianapolis and Muncie and Indianapolis and Logans* Property condemned and company about to liquidate.
port and Peru, and to all other points on the system. Operates through
STOCK AND BONDSInterest. Outstanding. Maturity. freight service between Indianapolis and Ft. Wayne. By
Date.
contract until
Common,$3,000,000, par $50_
$3,000,000
Nov. 1933 cars are run over tracks of Indianapolis Street By. In IndianapPreferred, $5,000,000. par $501
5.000,000
olis. A large central power station, with necessary storage batteries, at
5%, cum. after Nov 3 19101
Anderson, operated on a three-phase system, with 19 sub-stations likewise
First mortgage, $5,000,000 1905 4-5 g M-S
4.700,000 Dec 1 1935 equipped with storage batteries, operates entire system.
gold $1,000)
c Guaranty Trust Co., New York, Trustee.
EQUIPMENT.
-98 city cars, 81 interurban cars, 19 express cars and
Consol mortgage, $7,500,000, 1905 4-5 g J-D
2,040,000 Dec 1 1935
gold ($1,000)
Lehigh Valley Tr. & S. D. Co., Allentown,Tr. 112 service cars; total, 310.
Quakertown Traction first MI 1901 5 g M-S
OFFICERS.-Pres., A. W. Brady. Anderson; 1st V.
300,000 Sept 1 1931
-P., J. Levering
$300,000 gold, $100, $200, Int. at Commonwealth Tr. Co., Harrisburg, Jones, Phila.; 2d V. . NV. Kesley Schoepf, Cincinnati; Sec. and Treas.,
-P
500. $1,000)
Trustee. Can be called at 105 and interest Wm. H. Forse Jr., Anderson; Gen. Mgr., H. A. Nichol!. General offices
c*
Beth 6: Nazar St By stock_
and transfer offices, Anderson, Ind.
150,000 5% guar
-(V.83, p. 37, 99, 388; V.86, P. 421.
Bonds
150,000 May 1 1929
5 M-N
-A trolley road.
(1) Union Traction Co. of Indiana.
The Lehigh Valley Transit has agreed to guar. the int. on $500,000 bonds
of the Allentown & South Allentown Bridge Co. V. 85, p. 40.
ORGANIZATION.
-Incorporated May 28 1903 as a consolidation of the
Stock.-Stock (both classes) Is held In a voting trust for three years from Union Traction Company of Indiana (incorporated on June 21 1899) and
the Indianapolis Northern Traction Co. (Incorporated in April 1902).
Nov. 3 1905.
Through consolidation the capital was increased from $5,000,000
Bonds.
-Of the $5,000,000 first mortgage, $2,770.000 bear 4% interest 000 corn. and $1,000 000 pref.) to $8,500,000, $1,000,000 of ($4,000,which reand are all out, and $2,230,000 are 5 A. Interest at Brown Bros. & Co., mains pref. The additional 53,500,000 common
was distributed to Union
Philadelphia. Of the $7,500,000 consols, $2,500,000 arc 4s and the
the shape of
15,000.000 5s. The latter are reserved to retire the first mortgage. other Traction stockholders into the newly a stock dividend of 70 %. V. 76,_p.
The 1302. Leased in 1903
formed Indiana Union Traction Co.
first mortgage bonds are redeemable on any interest date, the 4s at 105
and for 999 years. Original
the 5s at 110; $300,000 of these bonds are reserved to take up the $300,000 of the Union Traction lease provided for dividends on the common stock
Quakertown Traction bonds. See V. 82, p. 628. Interest on the consol. ferred stock), but this Co. (in addition to fixed charges and 5% on the prelease was modified by vote of stockholders of both
bonds is payable at the company's office or at office of Brown Bros. & Co., companies in July 1904. The lease,
as modified, provides for 5% on Union
Philadelphia. These bonds are not subject to call.
Traction Co. pref. stock and dividends on corn. ranging from 1% to 6%,
ROAD.
-Owns 107 miles of road and 14.5 miles of second track, connect- based on gross earnings of all properties operated by lessee, except properties
ing Allentown, Bethlehem, Nazareth, Siegfrieds, Copia, Catasauqua, Egypt, leased after June 15 1904. See also V. 79, p. 2455. Franchises are genEmaus, Macungie, Slatington, Quakertown, Lansdale, Ambler
erally for 50 years.
delphia. Leases 10 miles and controls 10.5 miles through stock and PhilaThe Indianapolis Northern Traction assumed payment of principal and
Total operated 142 miles. A 1,700-ft. bridge between Allentownownership. Interest of half ($200,000) of the bonds on the Broad Ripple Traction Co..
and South
Allentown is to be built by the controlled Allen. & South Allen. Bridge
and also half of the Interest of the remaining $200,000 bonds for 10 years
Standard gauge. 70, 80 and 95-lb. T and girder rails. Operates 141 Co. from May 1 1903. See V. 78, p. 1167.
cars.
STOCK AND BONDS- Date.
REPORT.
-For fiscal year ending Nov. 30 1907: Gross,
Interest. Outstanding. Maturity.
$1,031,561;
net, $400,277; fixed charges, $360,262; surplus, $40,015. In 1906, gross, Common, $7,500,000 ($100) __ ____
J-.1
$7,500,000 Jan'08,2-3%
$1,077,880; net, $415,357; fixed charges, $317,874; surplus, $97,483.
Pt,5%,cum,$1,000,000($100) - --5 A-0
1,000,000 Oct'07,236 %
Anderson lace St 1st mtg, gl 1892
6 g J-J
150,000 July 1 1912
OFFICERS.-Pres., R. P. Stevens; Sec. and Treas., Chas. N.
Wagner;
$1,000 each), assumed_ _ _el Int. at Farm. L. & T. Co., Trustee, N. Y. C.
-V.83, p. 98, 1347; V. 84, p. 1248; V. 85, p. 40, 09.
Aud., C. M. Walter.
Citizens 1st mtg, 1250,000.) 1897
6 g J-D
141,500 Dec 1
subject to call at 105,}Interest at Guar. Trust & Safe Deposit 1927
s f,
Co..
denom $500 and $1,000_c*) Philadelphia, Trustee.
ALLENTOWN & READING TRACI ION CO -A trolley road.
Marion City 1st mtg, $400,-1 1895
6 g M-N
400,000 May 1 1915
ORGANIZATION.
-Incorporated April 25 1898, and leased the Allen000, gold ($1,000)
cf
town & Reading Electric Street By. for 290 years from June 4 1898. On lit gen mtg, $5,000,000, gold Interest at Mercantile Nat. Bank, N. Y.
1899
-J
5 gj
4,293,000 July 1 1019
Feb. 6 1902 leased for 290 years the Kutztown & Fleetwood Street By.
($1,000)
Controls the Kutztown Light, Heat & Power Co. Connects with United Indianapolis Nor Tracc&r*JInt. at Trust Co. of Amer., N. Y., Trustee.
1st 1902
5 g J-J
5,000.000 July 1 1932
Traction Co. tracks from Reading, thus forminga through line from Allenmtg 15,000,000,g (31,000),}Interest at Trust Co. of America, New York,
town to Reading
guar p and 1 by Un Trac_c*) Trustee.




.FEB., 1908.1

-Of the $5,000,000 general mortgage, $707,000 are
Stock and Bonds.
and pref.
reserved for underlying bonds. See V. 71, p. 1013. CommonExchange.
Stock
stock and gen. mortgage bonds are listed on Philadelphiaunpaid dividends,
Pref. stock is redeemable after Dec. 15 1910 at par and
on 30 days' notice.
1901.
Dividends.-Pref. stock of Union Tract. Co. dates from Jan. 1 1903,
33% %;in 1902.
First div. Oct. 1 1901 (for 9 mos., Jan. 1 to Sept. 30),
1905, 1906 and 1907,5%. On common have been: in 1903, July, 1 %;
1904,
In 1908,
in 1904, Jan., 55%; July, 1%. In 1907, Jan., 54 %;July, *%`,"c'..
3%.-V.80. p. 651, 713:V. 81, p. 614; V.84, p. 52, 340; V.85, p.347.
Jan.,2
ANDERSON, 5.0.
-A trolley road.
ANDERSON TRACTION CO.
3163,000
-Incorporated In South Carolina in 1904. details of
ORGANIZATION.
bonds are to be issued on present property under mortgage,
not yet available.
which are
Date of
Date. Div. Rate %. Outstand'g. Last Dtro'd.
STOCK AND BONDS$150,000
_
Stock,$280,000 ($100)
1907
-Operates 8 miles of railroad in and around Anderson; inmiles.
ROAD.
put in operation a 10-mile extension to Belton. Total track, 18
Greenville, S. C.
It is !Manned further to extend the road to
OFFICERS.-Pres. and Treas., Robert E. Lyon; Sec., C. I. Dawson;
-V. 82, p. 99; V. 83, p. 93.
Supt., L. S. Nelson.

ANNISTON, ALA.
ANNISTON ELECTRIC & GAS CO -

-Incorporated in New Jersey In 1899 to take over
ORGANIZATION.
the Anniston Electric Co. and the Oxford Lake Line, sold at foreclosure
August 1899; also acquired at receivers' sale the Anniston Gas & Light Co.
General Electric Co. Interested.
Interest. Outstanding. lilaturitY.
STOCK AND BONDS- Date.
$250,000
Stock, $250,000 ($100)_
300,000 Dec 1 1929
5 g J-D
1899
1st mtge, $300,000 ($100,1
$500) gold
c*jInt. at Bait. Safe Dept. & Tr. Co., Trustee.
Bonds.
-Entire issue may be called after 5 years at 105 and interest.
Sinking fund of 1 % of bonds outstanding becomes operative on Dec. 1
1905, but to be available for bond redemptions only if the money cannot be
advantageously employed "for the acquisition of permanent extensions
and additions."
-For calendar year 1907, gross, $146,399; net, after taxes,
EARNINGS.
$49,155; fixed charges, $21,162; surplus, $27,993. In 1906, gross, $130,759; net, after taxes, $41,864.
-Operates 10 miles of road from Anniston to Oxford Lake, inROAD.
cluding 5 miles of track on city streets.
-P., J. Howard HauOFFICERS.-Pres., S. Z. Mitchell, New York; V.
son; Sec. and Treas., H. M. Francis, New York; Gen. Mgr., R. L. Rand,
V. 69, p. 283.
-V. 68, p. 928;
Anniston.

ASBURY PARK, N. J.
ATLANTIC COAST ELECTRIC RY.-Trolley.

7

STREET. RAILWAYS.

-Incorporated in New Jersey on Dec. 8 1905 as
ORGANIZATION.
of
successor to the Atlantic Coast Elec. Railroad Co.,sold under foreclosure of
the general mortgage of the latter. Leases the Seashore Electric Ry.
at $10,000 per year and owns $150,000 of the
Asbury Park until June 6 1937
$200,000 total capital stock of latter company (making net rental $2,500),
of the
and owns all of the stock of the West End & Long Branch By. and until
3 1896
Asbury Park & Sea Girt RR., the former is leased from Aug. 6% on stock
July 17 1945 at a nominal rental, and the latter for 99 years at
of the Atlantic Coast
from Aug. 27 1898. Also owns entire stock ($100,000) Asbury Park, AllenElectric Light Co., which supplies the electric lights of
Tracburst, Belmar, Ocean Beach, Como and Spring Lake. The Seacoast miles
Lake, 2
tion Co. (capital $100,000), running from Belmar to Spring
Franchise
has been leased to the Atlantic Coast Electric By. for 99 years.
scme exIn Belmar expires in 1947;in Asbury Park,in 1937;in Long Branch, in Sea
pire in 1945 and others are perpetual; in Ocean Township, perpetual;
Co. are
Girt, expire in 1915, 1926 and 1956: franchises of Seacoast Traction
perpetual.
Date.
Interest. Outstanding. Maturity.
STOCK AND BONDS.$1,000,000
Stock $1,000,000 ($100)800,000 May 1 1945
5 g M-N
1st mortgage gold *1,000,- 1895
Int. at Knickerbocker Tr, Co., N. Y. Trus.
000
1
920,000 July ' 1945
5 g J-J
Gen intge $1,000,000 gold 1906
c Interest at Central Trust Co., N. Y.. Trustee.
($1,000)
200 000
Seashore El Rystock
1917
6 g J-J
Seashore Electric By 1st{ 1892
nank,
It.at Seacoast Nat'l Bank, Asbury Pk.,N.J.
mortgage $200,000
Subject to call at 105 In 1897.
100,000
Seacoast Traction Co stock_ ___ _ _ _ _
1945
100,000
5 g J-J
Seacoast Traction Co 1st mtg) 1904
$100,000 ($1,000) gold...4 Int. at Federal Trust Co., Newark, Trustee.
& S G stock-Ail owned by Atlantic Coast Electric By.
Asbury Park
11)18
50,000
5 g M-S
As Pk & S G 1st mtge $50,000} 1898
gold, can be canceled at Interest at Monmouth Trust & Safe Deposit
Co., Asbury Park,Trustee.
c
l05
241,000 June 1 1945
5 J-D
Atlantic Coast Elec Lt 1st) ___
rntge $500,000 gold. Sub- Int. at Federal Trust Co., Newark, N. J.
. Morton Trust Co., N. Y., Trustee.
ject to call at 105 in 1901_
-Of the $1,000,000 firsts, $200,000 are reserved to retire a like
Bonds.
bonde
amount of Seashore By. Cs, subject to call at 105 In 1897. EntireCo. are
and stock of the Asbury Park & Sea Girt and the Seacoast Traction
under the new general mortgage.
depogited
Park
ROAD.-13elt Line in Asbery Park and extends from Asbury miles
which 10.12
through Long Branch to Pleasure Bay, about 24 miles, of at Pleasure Bay
right of way. V. 66, p. 618. Connects
Is over private
with the New York & Long Branch Steamboat Co.
-Year ending Dec. 31:
REPORT.
1904.
1905.
1907.1906.
$305,465 $289,831 $267,395 $231,142
Gross earnings
118,387
121,808
111,222
139,002
expenses
Operating
Net earnings from operation_ _$166,463 $178,609 $145,587 $112,755
Other income in 1907 was $910, making total net income $167,373; fixed
charges $114,477; surplus, $52,806.
-P., H. H. Rogers; Treas.,
OFFICERS.-Pres.,S. F. Hazelrigg, N. Y.; V.
p. 974.
H. H. Rogers Jr.; Sec., 0. 13. Cade; Supt., C. E. Hereth.-V. 81,
1435, 1722.

ASHTABULA, OHIO.
CO -

•

ASHTABULA RAPID TRANSIT
In May 1907 control of this road was acquired by L. A. Robison, Pres.
of the Penn. & Ohio Ry., and associates, and officers were elected as below.
As a preliminary to consolidation of the two roads, which is to be effected
in 1908, stock was in Aug. 1907 increased from $150,000 to $500,000.
-Chartered Oct. 7 1890.
ORGANIZATION.
Interest. Outstanding. MaturitY.
STOCK AND BONDS- Date.
$500000
,
Stock, $500,000
75,000 July 1 1911
6 g J-J
1st mtge, $75,000, gold,) 1891
c*&rjInt. at Central Trust Co., Trustee, N. Y. 0.
($1,000)
EARNINGS.-For year ending Dec. 31 1907, gross, $72,189; net, $28.124
-Operates 5 miles of track on 5 miles of street.
ROAD.
OFFICERS.-Pres., L. A. Robison, Pittsburgh; Treas., E. W. Savage,
Ashtabula; Sec., Wyn B. Morris, Pittsburgh; Gen. Supt., Palmer Ward
-V.85, p. 468.
man, Ashtabula.
PENNSYLVANIA & OHIO RY.-A trolley road.
In May 1907 a controlling interest in the Ashtabula Rapid Transit Co.
was obtained by Pres. L. A. Robison and associates. It is planned to
merge the two roads.
-Incorporated on March 17 1898. In April 1906
ORGANIZATION.
control was purchased by L. A. Robison. Gen. Pass. Agt. of Pittsb. & Lake
Erie RR. See V. 82, p. 929. On May 26 1906 authorized capital was
Increased from $700,000 to $1,600,000 and a new bond issue authorized.
V. 82 p. 987.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
$1,300,000
Stock ($100),11.600,000 auth
600,000 Mch 15 1921
5 g M-S
1st mtge $600,000 gold,) 1901
mt. at Citizens' Say. & Tr. Co., Ciev. Trus.
c* I
$500 each
15
100,000 Mch ' 1922
5 g M-S
Jefferson Division ($500), 1902
Trus.
Int. at Citizens' Say. & Tr. Co..
$100,000
elev..
200,000 Sept 15 1926
5 g M-S
gold 1906
Gen. mtge., $900,000.
c Int. at Citizens' Say. & Tr. Co., elev.. Trus.
($500)
-01 the new gen. mtge. bonds, $700,000 are reserved to retire
Bonds.
prior liens.
-For calendar year 1907, gross, $122,742; net, $60,475.
EARNINGS.
In 1906, gross, $115,825; net, $57,000.
-Owns and operates the Conneaut city line, 4 miles, and has
ROAD.
built westward from Conneaut to Kingsville & Ashtabula, 14 miles, and
south from Ashtabula to Jefferson, 10 miles; total, 28 miles. A through
line between Cleveland, 0., and Erie, Pa., is now in operation, of which
this road forms a part.
OFFICERS.-Pres., L. A. Robison, Pittsburgh; Sec., W. B. Morris,
-V. 82, p. 929,
Pittsburgh; Treas., B. B. Seymour. Office at Ashtabula.
987.
ASTORIA, OREGON,
--A trolley road.
ASTORIA ELECTRIC CO.
-Incorporated in Oregon March 12 1901, and Is a
ORGANIZATION.
on July 2
reorganization of the Astoria Street Railway, sold at foreclosurelight plant
1900. In March 1902 acquired the West Shore Mills Co. electric
and also the Astoria Gas Light Co. Now does all the electric power,
electric light and gas business of Astoria, and also has city contract.
Interest. Outstanding. Maturity.
Date.
STOCK AND BONDS$135000:00000
Stock, $300,000 ($100)_
0 April 1 1922
6 A-0
1st mtge.,$150,000 ($500) __ _ 1902
Security Savings & Trust do., Portland,trustee.
any time at 105.
Bonds.
-Subject to call at
-For fiscal year ending March 1 1907, gross, $107,492; net
EARNINGS.
after taxes, $44,946; fixed charges, $9,000; surplus, $35,946.
-Operates 5 miles of track and 10 cars.
ROAD.
-P., S. S. Gordon,
OFFICERS.-Pres.. S. Z. Mitchell, New York; V.
Astoria; Sec. & Treas., C. N. Huggins, Portland, Ore.; Mgr., D. F. McGee.

ATCHISON, KANSAS.
ATCHISON RY. LIGHT & POWER CO.

-Successor in 1895 of the Atchison By. Elec. L & P.
ORGANIZATION.
Co. Controls electric railway, lighting and gas properties of Atchison.
Interest. Outstanding. Maturity,
STOCK AND BONDS- Date.
*500,000
Common, $500,000
400,000 See text.
7%, $400,000
Preferred,
150,000 July 1 1915
6 g J-J
Atch By Lt & Pow 1st mtge,) 1895
gold, $1,000, int. at Exch. Trustee, Mercantile Trust Co., New York
City.
Nat Bank, Atchison
Diridends.-Seven per cent per annum is being paid on preferred stock.
-Operates 854 miles of track.
ROAD.
-P., J. P. Brown; Treas.,
OFFICERS.-Pres., W. P. Waggener; V.
-V.81, p. 1099.
Hetherington; Asst. Man., L. Schaefer.
W. W.

ATHENS, GA.
-A trolley road.
ATHENS ELECTRIC RAILWAY.
-Purchased road at foreclosure sale In June 1894.
ORGANIZATION.
June 1895. Has contract to furnish arc lights to city:
New charter granted
also incandescent lamps to private parties. Franchises perpetual. Uses
water power for generating electricity. In Oct. 1901 purchased the property of the Tallassee Power Co. In Nov. 1902 began operating two
power stations driven entirely by water wheels, and affording 2,250 horsepower. In 1906 completed a steam power plant of 1,000 h. p. and made
1492. In
other additions to the generating equipment. V. 81, p.83, p. 154. June
1906 increased its capital from $125,000 to $275,000. V.
Interest. Outstanding. Maturity.
AND BONDS- Date
STOCK
Feb
Stock, common,$225,000$225,000 Jan '08, 254
'08, 3%
50,000
6 J-J
_
Stock, pref,6% cum,$50,000_
12,000 July 1 1916
6 g J-J
1896
1st M, $100,000. g ($500) -ciColumbus Savings Bank. Columbus, Ga.,
Trustee. Interest at Columbus or Athens.
263,000 Oct 1 1931
6 g A-0
New 1st mortgage, 1400,0001 1901
c* Interest at Title Guar. & Tr. Co., Atlanta.
($1,000), gold
Trustee, or.Old Colony Trust Co. Boston.
'
-Of the new bonds, entire issue, but no lesser part, may be called
Bonds.
on and after Oct. 1 1911 at 106 and interest; $12,000 reserved to take up
remaining $125,000 can only be Issued for future extensions and
old bonds;
1311.
additions to two-thirds of the actual cost. See V. 73,
p.
Stock.-Pref. stock is subject to call Jan. 1 1908 at 110 and accumulated
can only be increased with the consent of threedividends. Pref. stock
fourths in amount of existing pref. stock. First dividend on common
254 %-was paid July 1 1906. In 1907, 5%. In 1908, Feb., 23.%.
year 1907: Gross, $110,447; net, $64,319; charges,
-Calendar
REPORT.
$28,831; surplus, $35,488.
ASHEVILLE, N. 0.
-Owns 7.4 miles of track; 40-1b., 60-lb. and 70-lb. T rails and
ROAD.
70-lb. girder; 10 motor cars; lighting* and power plant, 3,250 h. p.
ASHEVILLE ELECTRIC CO.
-P., W. S. Holman; Sec. and
-Is controlled by the General Electric Co. The
OFFICERS.-Pres.. J. Y. Carithers; V.
ORGANIZATION.
consolidation of the Asheville Street RR., the Treas.. W. T. Bryan; Gen. Mgr. and Purchasing Agent, 0. D. Flanlgen;
Asheville Electric Co. Is a
-V. 83, p. 154.
Intermontane RR., the Asheville & Blitmore St. By. & Trans. Co. and the Auditor, C. D. Cox; Supt., H. M. Hughes.
Asheville Electric Co. Owns Riverside Park.
ATLANTA, GA.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
$532,500
Common, $750,000 (1100)
GEORGIA RAILWAY & ELECTRIC CO 750,000 May 1 1941
5 g M-N
and' 1901
-Incorporated in Georgia on Jan. 28 1902, and on
1st mtge, $750,000 ($500
ORGANIZATION.
c*jInt. at Old Colony Tr. Co., Boston, Trustee. April 1 1902 took over the Atlanta By. & Power Co., the Atlanta Rap.
$1,000), gold
-A s. I. of 1 % became operative on May 1 1906. Bonds subject Tran. Co., the Georgia Elec. Light Co. and the Atlanta Steam Co. FranBonds.
after that date.
to call at 106 and Interest
chise perpetual. Comprises the street railway, electric light, gas, power
--For calendar year 1907: Gross, $270,164; net, $72,375; and steam-heating interests of Atlanta and Fulton County. Uses power
EARNINGS.
charges, $51,691; surplus, *20,684.
supplied by the Atlanta Water & Electric Power Co. from the latter's plant
-Operates 12.27 miles, standard gauge, In Asheville; in- at Bull Sluice on the Chattahoochee River, 15 miles from Atlanta-see
ROAD.
cluding second track and sidings 14.16 miles; 33 cars.
V. 79, p. 153, 2149. By terms of the ordinance permitting consolidation
-P., C. N. Mason, New York; the company paid the city of Atlanta $50,000 in cash, and agrees to pay a
OFFICERS.-Pres., J. E. Rankin; V.
Sec. and Mgr.. H. W.Plummer; Treas., H. M. Francis, 62 Cedar St., N. Y. tax on gross receipts of 1 % for first 3 years, 2% for the next 20 years and
3% thereafter. V. 74, p. 397, 727. Has contract with the city for street
lighting for 5 years from April 1 1903 at $75 per arc per annum. In 1907
ASHLAND, WIS.
1 1908, and company
STREET RAII.WAY.-A trolley road. renewed contract for a period of five years from April prices to private conASHLAND LIGHT. POWER &in February 1.896 as successor to Ashland at the same time agreed to make some reduction In
ORGANIZATION .-Chartered
light and power. In Oct. 1902 both pref. and com.stock were
& Street By. Owns exclusive electric light and gas rights in city, sumers for
Lighting
on Boston Stock Exchange. V. 75, p. 849.
and bonds cover lighting plant. The Electrical Securities Corporation listedJune 1903 acquired the entire capital stock ($600,000 6% preferred
In
owns $50,000 of the bonds. V. 70, D• 2645
the gas
Interest. Outstanding. Maturity. and $1,014,625 common) of the Atlanta Gas Light Co.,comprising dollar.
AND BONDS- Date.
STOCK
business of Atlanta and vicinity, by exchange of stock, dollar for
$200,000
Stock, $300,000 ($100)_
The gas company, however, maintains a separate organiza90,000 Jan 2 1016 V.76, p. 1406.
5 g .I-J
1st mtge, $150,000, gold) 1896
Through this exchange. United Gas Improvement acquired a sub($1,000), s f, red 104_ _ _cjInt. at Old Colony Tr. Co., Boston, Trustee. tion.
Railway & Electric
-Fiscal year ending May 31 1907, net, 119,221; year end- stantial interest in the Georgia was increased by $2,004,800 to $8,019,400
EARNINGS.
In March 1907 common stock
ing May 31 1906, net. $17.593.
for the purpose of paying 33 1-3% stock dividend on common shares in
track.
-Operates 6 miles of trolley
ROAD.
May 1907. V. 84. p 803.
OFFICERS.-Pres.. Thos. Bardon; Sec. and Treas.. G. F. Merrill.




STREET RAILWAYS.
STOCK AND BONDSDate.
Interest. Outstanding. Maturity.
Common ($100)
Q- F'
$8,514,600 Fb20'08,15.
Preferred 5% non-cumulative
5 Q-J
2,400,000Jan.20'08,1
$2,400,000 (par $100)
First cons mtge $11,000,000 1902
5 g J-J
6,100,000 Jan 1 1932
gold sink fund ($1,000)_ _c. Interest at Old Colony Trust Co., Boston, Tr.
Atlanta Street Railroad firstl 1890
6 g J-J
225,000 July 1 1920
mortgage gold (par $1,000)}Interest payable In New York at 4th Nat. Bk.
J
Central Trust Co., N. Y., Trustee.
Atl Cons St By 1st cons M $2,-1 1899
5 g J-J
2,175,000 Jan 1 1939
500,000 g ($1,000 each)sub }Interest payable in N. Y. at N. Y. Trust Co.
to call aft 5 yrs at 107 3. _c*Jand at Merc.Tr.dc Dep. Co., of Bait. Trustee.
,
Georgia Elec Lt Co 1st M $2,-1 1900
5 g J41,350,000 July 1 1930
000,000 gold. Subject to }Interest at Old Colony Trust Co., Boston,
1 Trustee.
call in 1905 at 105
Atlanta Gas-Light Co, 1st 81„r 1897
5 g J-D
1,150,000 June 1 1947
$1,150,000, gold ($1,000)csi Interest at New York Trust Co., Trustee, or
Bank of Scotland, London, England.
-Of the $11,000,000 Georgia Railway & Electric bonds,$4,900,000
Bonds.
are reserved to retire underlying liens. Are subject to call on any interest
date after Jan. 1 1907 at 110 and accrued interest. A sinking fund becomes
operative in 1907 which will retire $10,000 of bonds in each year from 1907
to 1911, inclusive; $25,000 per annum from 1912 to 1916, inclusive, and
$50,000 per annum thereafter. See V. 74, p. 629, 727. A sinking fund of
$6.60 per $1,000 bond on the Atlanta Gas Light Co. bonds is operative. A
sinking fund of $25,000 per annum is also operative on the underlying bonds
of the Atlanta Consolidated Street Ry.
Dividends.
-Five per cent per annum is being paid on preferred stock.
On common, Aug. 1905, 2%; Feb. 1906, 2%; May 1906, 1% (V. 82,
p. 1040): Aug. 20, 1;i %. In 1907, Feb. 20, 13%; May 20, 1 % and
stock div. of 33 1-3% (V. 84, p. 803); Aug. 20, 1 %; Nov. 20, 1 J6%; In
,
.
1908, Feb.. 1 34%
REPORT.
-For calendar years:
Gross
Cal.
Net
Balance,
Fixed Pref.(5%) Common
Year- Earnings. Earnings. Charges.
Div.
Dividend.
Surplus.
1907_$3,309,341 51,646,059 .S784,675 5120,000 (6%) $428.448 $312,936
1906._ 2,894,924 1,467,073 $635,637 120,000 (6
390,949 320,487
1905_ 2,500,574 1,284,542 613,968 120,000 (2%) 120,292 430,281
ROAD.
-Operates 1ti1.108 miles of track.
OFFICERS.
-Chairman of Board, H. M. Atkinson; Pres., Preston S.
Arkwright; V.
-P., Treas. and Gen.
G. W. Brine; V.
-P., Sec. and
Mgr. By. Dept., W. H. Glenn.
-V. 82. p. 627, 1010; V. 84, p. 570, 710,
803; V. 85, p. 40, 345; V. 86, p. 337, 480.
(1) Atlanta Northern Railway Co.
-A trolley road.
ORGANIZATION.
-Entire stock is owned by the Georgia Railway &
Electric Co., which guarantees the bonds.
STOCK AND BONDS.
Date.
Interest. Outstanding. Maturity.
Stock,$100,000
$100,000
First mortgage $400,000 gnarl 1904
5 g J-J
400,000 July 1 1954
($500 and $1,000) gold_ _cif Interest at Old Colony Tr. Co., Boston, Trus.
Bonds.
-Are guaranteed, principal and interest, by endorsement, by the
Georgia Railway & Electric Co. Are subject to call on any interest date
after July 1 1909 at 110 and interest. A sinking fund of $5,000 per annum
begins after 1909 See V. 79, p. 680.
EARNINGS.
-In 1907. gross, $138,523; net, $45,510; charges and
taxes, $25,372; surplus, $20,138.
ROAD.
-Operates 15 miles of track from Atlanta to Marietta, mostly on
private right of way. Commenced operation July 17 1905.-V. 79, p. 680.

ATLANTIC CITY, N. J.

1V0L.

Dividends.
-First dividend on preferred stock-1%- paid Nov. 1 1904,
then 1% Feb. 1 1905, May 1 1905 and Aug. 1 1905; Nov. 1 1905, 1 %
paid. (See V.81, p. 1609.) In 1906, 53%; in 1907,Jan., 1 h %; April,
134%; July, 134%; Oct., 134%. In 1908, Jan.. 1
EARNINGS.
-For year ending June 30 1907: Gross. $352,125; net,
$131.84); fixed charges, $86,511; dividends, 535,937; surplus, $29,397.
-Operates about 37 miles of track, including 13 miles in Auburn
ROAD.
and 24 miles from Auburn to Syracuse. Has trackage agreement with
Syracuse Rapid Transit, allowing it to enter that city. Owns Lake Side
Park, about 33 acres, on Lake Owasco; 47 cars.
OFFICERS.-Pres. and Gen. Man., C. D. Beebe; V.
-P., W. A. Holden;
Sec., A. M. Michael; Treas., Albert K. Hiscock.-V. 81, p. 1609.
AUBURN & NORTHERN ELECTRIC RR.
ORGANIZATION.
-Organized in New York in 1904. In May 1907 the
New York Railroad Commissioners granted permission to Increase stock
from $250,000 to $1,500,000. V. 84, p. 626. Franchises in Auburn and
Port Byron perpetual.
STOCK AND BONDSDate.
Interest. Outstanding. Maturity.
Common, $1,000,000
510,000
_______
Preferred, $500,000
None
First mortgage, 51,000,0001 1905
5 g 8I-N
None
May 11045
cs IThe Trust Company of America, Trustee.
($1,000) gold
-Are subject to call on or after May 1 1915 or any interest period
Bonds.
thereafter on 60 days' notice at 110. No sinking fund.
ROAD.
-Is to operate 11 miles of track between Auburn and Port Byron.
70-lb. T rail in country; 00-lb. girder in city. Expected to be in operation July 1 1908.
OFFICERS.-Pres., E. D. Metcalf, Auburn; V.
-P. and Gen. Mgr.,
C. D. Beebe, Syracuse; Sec., H. C. Beatty, Syracuse; Treas., Chas. Has-V. 84, p. 626.
kins, Auburn.

AUGUSTA, GA.
AUGUSTA & COLUMBIA RY.
ORGANIZATION.
-Incorporated as a consolidation of the AugustaAiken Railway & Electric Co., North Augusta Land Co. North Augusta
Hotel Co., Augusta Railway & Electric Co. and North Augusta Electric &
Improvement Co. Comprises lines in and between Augusta, Ga., and
Aiken, S. C. The new company contemplates an extension from Aiken to
Columbia, S. C. Details of capitalization not yet available.
AUGUSTA-AIKEN RAILWAY $c ELECTRIC CO.
This company is being liquidated.
V. 85, p. 220. The Augusta & Columbia By. has been formed to take over the various properties.
ORGANIZATION.
-Incorporated on Jan. 3 1903 under the laws of New
Jersey. Owns $998,400 of the 51,000,000 stock of the Augusta Railway &
Electric Co. $970,400 (out of $1,000,000) of the common and $482,400
(total issue 400,000) of the preferred stock and $244,000 of the bonds of the
North Augusta Electric & Improvement Co., which latter company controls
the Augusta & Aiken Railway Co., the North Augusta Hotel Co. and the
.
NorTh AK usta BoNCo
st OC ugA N DLand Ds
.
Date.
Interest. Outstanding. Maturity.
Common 51,500,000 ($100)___
51, ,:
474776090108
Pref ($800,000) $100 5% cum
Collateral trust $3,000,0001 1903
5 J-J
1,
244 000 Jan 1 1953
cs lint. at International Tr. Co., Bait., Trustee
0)
Bonds-Are convertiblein five years at option of holder, and subject to
$
Bold (
gonds.
call on any interest day on 60 days' notice at 105 and interest; $2,000,000
reserved to retire prior liens, of which 5273,000 have been exchanged.
-Consolidated profit and loss statement for 6 months ending
REPORT.
June 30 1905: Augusta By. & Elec., (98.44% 01 532,252), profit, $31,748;
Augusta & Aiken BY., loss, $116; Augusta-Aiken By. & Mee. (after allowing for all charges), loss, $16,109; North Augusta Elec. & Imp. loss,
513,501; North Augusta Hotel Co.,loss, $10,104; North Augusta Land Co.,
loss, $1,592: combined result, net loss, $9,674.
OFFICERS.-Pres., W.T. Van Brunt, New York; V.
-P. and Gen. Man.;
James U. Jackson; Sec. and Treas., Chas. C. Tegethoff.-V. 74, p. 100;
V. 78, p. 341; V.81, p. 1722, 1790;V.11_2, p. 99; V. 85, p. 220.

ATLANTIC CITY & SHORE RR.
-An electric road.
ORGANIZATION.
-Incorporated In New Jersey Oct. 21 1905 with a
perpetual charter. Owns practically all the stock and entire bonds of Central Passenger Railway Co. Leases Atlantic City & Ocean City RR.
-see
terms below-and owns $218,500 of the common stock of the Atlantic City
& Ocean City Company, which holds all the stock and bonds of the Atlantic
City & Ocean City RR. V.85, p. 158.
AUGUSTA RAILWAY & ELECTRIC CO.
•
Contract with West Jersey ee. Sea Shore RN -A traffic agreement has
To be merged in Augusta & Columbia Ry.,which see above.
been entered Into with the West Jersey & Sea Shore RR. by which the
STOCK AND BONDS.
Date.
Interest. Outstanding. Maturity.
Atlantic Ave. line of the latter road, running from Atlantic City to Long- Stock $1,000,000 ($100)
$1,000,000
port, 834 miles, is operated by this company. The West Jersey & Sea Shore Augusta By & Flee mtge goldl
1900
1,000,000 June 1 1940
5 g J-D
RR. has an option to purchase from May 51913 to May 1 1918 a majority of
$1,000,000
_
Int. at Mar. Tr. & Dep. Co., Bait., Trustee.
the Atlantic City do Shore RR. stock. V. 85, p. 158. The new project
($1,000)-Can be called In 10, 20 or 30 years from date at 105 and interest
Bonds.
has been financed by H. F. Bachman & Co. of Philadelphia.
on 6 months' notice. Sinking fund is
of 1%, beginning June 1 1905,
STOCK AND BONDS- Date,
Interest. Outstanding.
Maturity. for 15 years, 1% for next 10 years and 2% for remaining 10 years.
Stock 51,000,000 ($100)_
$1.000,000
-Operates 31.72 miles of track on 17 miles of street.
ROAD.
1st mtge & coil trust deed1 1905
5 g J-D
$850,000 Dec 1 1945
REPORT.
-For 12 months ending Dec. 31: In 1905, gross (railway and
$1,000,000 ($1,000) g__ .01Int. at Girard Trust Co., Phila., trustee.
lighting), $286,023; net, $140,111. V. 78, p. 341.
Bonds.
-No sinking fund, but can be called at any time at 110 aria Int.
ROAD.
-Operates 44.84 miles of track in and around Atlantic City, InNORTH AUGUSTA ELECTRIC & IMPROVEMENT CO.
cluding a road through Pleasantville, Linwood and Somers Point, to Ocean
The newly formed Augusta & Columbia By. contemplates taking over
City,the two latter points being connected by 2 miles of trestle and bridge this company.
owned by the Atlantic City & Ocean City RR.
Owns the entire stock ($300,000) and bonds ($300.000) of the North
OFFICERS.-Pres., Wm. A. Stern; V.
-P., Charles Evans; Sec., T. M. Augusta Hotel Co. and
Campbell; Treas., Milton J. Greenebaum; Gen. Mgr.,S.S. Neff.-V.85,p.153. Augusta & Aiken By.; entire stock (510,000) and bonds ($500,000) of the
also owns $744,700 of the $790,400 common stock,
entire issue ($130,400) of preferred stock and all the $30,000 bon.ds of the
(1) Atlantic City & Ocean City Company.
The Atlantic City & Ocean City Company was organized in Delaware North Augusta Land Co.
and owns the entire stock and all the bonds of the Atlantic City ec Ocean
STOCK AND BONDS.
Interest. Outstanding. Maturity.
Date.
City RR., and has pledged them as security for the collateral trust bonds Common $1,000.000 ($100)___
$1,000,000
below. Of the common stock of the Att. City & Ocean City Company, Frei 5% n-c $500,000 ($100)- 500,000
$218,500 is owned by the Atlantic City & Shore RR. The latter leases the North Augusta Elec & Imp,) 1901
1,000,000 Oct 1 1951
5 g A-0
Atlantic City do Ocean City RR. for 999 years, the rental being $19,000 per
Co first mortgage $1,000,- 1,nternational Trust Co.. Baltimore, Trustee.
annum, and an additional contingent sum equal to 33 1-3% of the net earn000 gold ($1,000)
c, Interest at Augusta and Baltimore.
ings, but not to exceed $25,000 per annum, which shall be applicable to
-Are subject to call at 105 on any interest date upon 60 days
Bonds.
dividends on the pref. stock of the Atlantic City & Ocean City Company. notice.
-V. 76, p. 918.
H. F. Bachman & Co. of Philadelphia offered the bonds for sale In July
(1) Augusta & Aiken RY.
1907. V. 85, p. 158.
ORGANIZATION.
-Is controlled by the North Augusta Electric & ImSTOCK AND BONDSDate.
Interest. Outstanding. Maturity. provement Co.
Stock is $10,000: bonds, $500,000 of 5% 30-year gold
Common 5350,000_
$220,000
bonds: interest Jan. and July, and maturing Jan. 31 1931. Bonds all dePref 5% non-cum $250,000
175,000
posited as security for North Augusta Electric & Improvement Co. bonds.
Collateral trust gold 5500,-1 1907
5 81-S
350,000 Mch 1 1047
REPORT.
-For 12 mos. ending Dec. 31 1905: Gross, $91.753; net,
000
'Girard Trust Co., Philadelphia, trustee.
$30,800.
Stock.-The pref. stock is redeemable at par on and after March 11910.
ROAD.
-Operates 24.34 miles of track from Augusta. through ClearROAD.
-The Atlantic City & Ocean City RR. owns 2.02 miles of road
from Somers Point, across Great Egg Harbor Bay, on bridge and trestles, water, Bath, Langley, Warrenville and Graniteville, to Aiken, S. C.
Standard gauge, 60-lb. T rail. Opened Sept. 1 1902.
to Ocean City. Rads,85 lbs. V. 85, p. 158.
ATLANTIC CITY & SUBURBAN TRACTION CO.
AUSTIN, TEX.
Receivership.
-On May 9 1907 J. L. Clawson was appointed receiver,
AUSTIN ELECTRIC RY.-A trolley road.
the company having defaulted Feb. 1 1907 on both issues of bonds. It is
ORGANIZATION.
-Incorporated in Texas on May 29 1902 as a reorganiplanned to sell the road at foreclosure.
ORGANIZATION.
-Incorporated in New Jersey on July 19 1902. Owns zation of the Austin Rapid Transit By.
STOCK AND BONDS.
Date.
and operates the Atlantic City & Pleasantville Turnpike Co.
Interest. Outstanding. Maturity.
$275,000 May'07, 5%
STOCK AND BONDS.
Date.
Interest. Outstanding. Maturity. Stock,$350,000 ($100)_
First mortgage $350,000 goldl 1903
350,000 April 1 1933
Stock $750,000 (par $50)_
5 g A-0
$750,000
($1,000)
First mortgage ($100, $5001 1902
'Interest at Equitable Trust Co.. N. Y.. Trus.
500,000 Aug 1 1932
5 g F-A
Bonds.
-Are subject to call on and after April 1 1908 at 105 and Interest.
and $1,000)
S Interest at West End Trust Co., Trustee.
Dividends.
-In 1904,10%;in 1905,16.77 %;In 1906,5.5 %;In 1907, May 1.
Ref mtg, 5750,000, goidi 1903
5 g F-A
250 000 Aug 1 1933
5%.
($100, $500 and $1,000)__ jInt. at West End Trust Co Phila. ,Trustee
EARNINGS.
-For calendar year 1906: Gross, $118,476; net, $42,926.
Car equipment bonds
1906
27 000
ROAD.-0.perates 15.91 miles of track. Entire road re-built In 1905.
Bonds.
-Both issues are subject to call after 10 years at 105 and $500,000
OFFICERS.
-Fret, and Gen. Mgr., W. J. Jones; V.-P., F. H. Watriss,
of the refunding bonds are reserved to retire the prior bonds.
New York; Treas., E. P. Wilmot; Sec., Claud V. Peel.
-V 78. p. 1704.
ROAD.
-Operates 18 miles of track from Atlantic City to
Somers Point and Absecon. Rails, 80-lb. girder in towns and Pleasantville.
T in suburbs.
REPORT.
-Year to Dec. 311900, gross receipts, $85,060; net, $34,752,
BAKERSFIELD, CAL.
OFFICERS.-Pres„ Edward R. Sponsier, Harrisburg; V.
-P., A. M'
Jordan: Sec., Ell H.Chandler; Treas., C. Taylor Leland, Phila.; Gen. Man.,
POWER TRANSIT & LIGHT CO.
E. C. Folson.-V. 77, p. 1224; V. 84, p. 692, 803, 1113.
ORGANIZATION.
-IS successor in 1903 to the Power Development Co.
the Bakersfield Gas & Electric Light Co.and the Bakersfield & Kern Electric
By. Does the entire electric lighting, power, gas and street railway business
AUBURN, N. Y.
of Kern and Bakersfield. V. 77, p.401.
AUBURN & SYRACUSE ELECTRIC RR.
-A trolley road.
STOCK AND BONDS.
Date.
Interest. Outstanding. Maturity.
ORGANIZATION.
-Organized Sept. 30 1902 as a consolidation of the Stock $2,500,000 ($100)
$2,500,000
Auburn City By. and Auburti Interurban Elec. RR. Franchises perpetual. Bakersfield & Kern Elec.
Ry.1 1903
125,000 July 1 1931
5 g J-J
STOCK AND BONDS.
Date.
Interest. Outstanding. Maturity.
$250,000 gqid ($1,000)_ _ _cjUnion Trust Co., San Francisco, Trustee.
Common $1,250,000 ($100)_
$1.250,000
Bakersfield Gas do Elec Lt mtl _
6 F-A 15
50,000 Periodically
Prf 6% n cum $750,000(5100)
Q-F
700,000Jan15'08,
134 New mortgage $2,500,000 1903
778,000 June 1 1933
5 g J-D
Auburn & Syracuse first and) 1902
5 g A-0
1,390,000 Oct 1 1942
gold ($1,000)
Mercantile Trust Co.. San Francisco, Trustee.
refunding mortgage $2,- }Interest at N. W.Harris ec Co., New York.
-Of the $2,500,000 new bonds, $175,000 are reserved for prior
Bonds.
000,000 gold ($1,000)_ _ _01Trust Co. of America, New York, Trustee.
liens. Bonds are subject to
Bonds.
-01 the $2,000,000 authorized, 5610,000 is reserved for future ex- investment." Sinking fundcall any interest date "on basis of 4M % reof 10% of net earnings after payment of
tensions, but only when net earnings are double Int. charges: subject to call charges commences after 5
years. V.77. p. 401. $14,000 bonds were held
at 110 and Interest on or after Oct. 1 1912. See V. 75, p. 1201
In sinking fund on Aug. 31 1907.




FEB.. 1908.]

STREET RAILWAYS.

9

June 1906 omitted and in 1906 coupons for these dates were funded, as
noted above, and subsequent coupons will in like manner be funded as they
mature up to and including Dec. 1910.
ROAD.
-Miles of track, 394.454; cars, 1,955; gauge, 5 ft. 4% In. Rails,
70-1b. T and 9-in. and 113-lb. girder. When power plants have been
completed will have a capacity of 43,250 horse-power, with overload capacity of about 60,000 horse-power.
REPORT for the year ending Dec. 31 1906, see V. 84, p. 993. In 1904
results were seriously affected by the Baltimore tire.
1904.
1905.
1906.
26,035,327 25,431.376 23,397,515
Car mile rims
BALLSTON SPA, N. Y.
133,785,601 122,318,438 109,526,908
Revenue passengers.
-A trolley road
EASTERN NEW YORK RR.
53,413,492 49,292,821 43,932.219
Transfers
-Incorporated in New York on Dec. 12 1904 and is Gross earnings
ORGANIZATION.
$6,583,102 $6,023,698 $5,440,942
2,876.530
successor to the Ballston Terminal RR., sold under foreclosure on Dec. Operating expenses
2,835,530
3,220,942
29 1904. In Sept. 1907 petitioned Railroad Commission for permission
to issue $840,000 additional stock and $840,000 additional bonds.
$3,362,160 $3,188,168 $2,564,403
Net earnings
Interest. Outstanding. Maturity. Fixed oharges and taxes
2,244,579
STOCK AND BONDS- Date.
2,230,066
2,365,586
$300,000
Stock, $1,750,000 ($100)_____ 300,000 Jan 1 1935
5 g J-J
$319,824
1st mtge, $1,750,000 ($5001 1905
$958,102
$996,574
c*IMetropolitan Trust Co , N. Y., Trustee. Other income
and $1,000), gold
10,238
2,725
4,725
Bonds -Are not subject to call. No sinking fund. V. 80. p. 1728.
passenger road. Owns extensive
-Is both a freight and a
ROAD.
$330,062
$960,827
$1,001,299
terminals at Ballston Spa. Has 15 miles of track, with a line from Ballston a Extraordinary expenditures
929,762
980,000
to Middle Grove. Extension contemplated to Amsterdam, Johnstown and
Gloversville, for which unissued bonds are reserved.
$31,065
• Balanee
$21,299
OFFICERS.-Pres.. T. F. Barrett. Albany. V. 80, p. 1728.
a In 1906 the "extraordinary expenditures" amounted to $1,436,693. of
which $980,000 were charged against income. In 1905 the "extraordinary
BALTIMORE, MD.
expenditures," amounting to $929,762, were charged against income In
Street Railways of Baltimore pay a Park Tax of 9% of gross earnings their entirety.
within old City Limits, and are required to pave between tracks and two feet
OFFICERS.-Pres.. William A. House; Vice-Pres., Frank A. Furst:
on each side.
-Trolley. Gen. Mgr., Thomas A. Cross; Sec., William Early; Acting Treas., J. H.
UNITED RAILWAYS & ELECTRIC CO. OF BALTIMORE.
-V. 83, p. 156, 215, 324, 381, 493, 553.
at Annapolis March 4 1809. Com- Windsor; Auditor. N. E. Stubbs.
-Incorporated
ORGANIZATION.
753, )19, 1038, 1230, 1412; V. 84, p.627,869.993,1115, 1368; V.85, p.1463.
prises all the passenger railways in Baltimore City and Baltimore County V. 86, p. 422.
lines extend into Anne Arundel County and Howard County. Through
and
(1) Baltimore Sparrows Point & Chesapeake
the present and previous consolidations, embraces the following:
Baltimore Catonsville & Ellicotts Central Railway Company.
-In Jan. 1903 was leased for 999 years to the Un.
ORGANIZATION.
Gwynn's Falls Railway of Baltimore Rys. 63 Electric Co. of Baltimore, which guarantees the bonds below, both
Mills Passenger RR.
Baltimore City Passenger Ry. Co.
as to principal and interest, and also owns all of the stock. See V. 79. p.
Maryland Traction.
Baltimore Consolidated Ry. Co.
2643. Has 38.054 miles of track and has bullt a line, 22 miles. connecting
Pimlico & Pikesville RR.
Baltimore & Curtis Bay Ry.
Baltimore with the Maryland Steel Works at Sparrows Point. Has also
Bait. Gardensville & Beiair Elec. Ry. Shore Line Electric Ry.
built extenalon along the shore of Chesapeake Bay, where summer resorts
Baltimore & Northern Elec. Ry. Co. Walbrook Gwynn-Oak & Powhatan. have been established. Dominlck & Dominick of New York and J. William
of the Baltimore Sparrows Middendorf & Co. of Baltimore purchased the bonds in Dec. 1904 and
Also owns all the stock, and holds a lease,
Point & Chesapeake Ry. Co. The company likewise controls by ownership offered them for sale in Jan. 1905. V. 79, p. 2643, and V. 80, p. 221.
of stock the York Road Turnpike, the Charles Street Ave. Turnpike, the
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
Harford Turnpike and the Bait, & Jerusalem Turnpike.
$400,000
$2,000 000
Formerly owned the $2,000,000 common stock of the United Electric Stock,
1st mtge., $2,000,000, gel 1903
414 g F-A 2,000,000 Feb 1 1953
Light & Power Co of Baltimore, comprising the electric-lighting plants of
($1,000), guar principal Fidelity & Deposit Co., Baltimore, Trustee.
Baltimore, but in Jan. 1903 sold the same, together with its holdings of the
c* Interest at Alex. Brown & Sons, Baltimore.
and interest
stock and bonds of the Mt. Washington Electric Co. (V. 75, p 1158. and
-Operations included in United Rys. & Elec. V. 80, p. 221.
REPORT.
V. 76, p. 160) and the same is now controlled by the Consolidated Gas,
(2) Baltimore & Laurel Electric Ry.Electric Light & Power Co. of Baltimore.
ORGANIZATION.-Stock all owned by United Railways & Electric (to.
Funding of Coupons on Income Bonds.
-In July 1906 unpaid coupons on
income bonds from June 1904 to June 1906 were funded under a funding Incorporated in 1901 with an authorized capital stock of $250,000 to build
agreement. Income coupons up to and including Dec. 1910 will also be a line from Baltimore to Laurel, a distance of about 18 miles. No bonds.
so exchanged at maturity, and these coupons have been stamped with this At Laurel connection will he made with the Berwyn & Laurel Electric Co..
agreement. See plan in V 83, p.1156; $13,608,000 of the $13,945,000 have which contemplates a line between Laurel and Berwyn, the latter a suburb
of Washington. Construction not yet begun.
been deposited under the plan. See V. 83, p. 753, 1038; V. 84, p. 1368.
-In Aug. 1906 the Maryland Electric Ry. which
New Allied Company.
'
THE MARYLAND ELECTRIC RAILWAYS CO.
had agreed to provide funds for needed improvements and acquisitions
of the United Ry. & Elec. Co., was consolidated with the Baltimore dc
-In 1906 the charter of the Maryland Elec. Ry. was
ORGANIZATION.
Annapolis Short Line, thus forming the Maryland Elec. Rys. See state- acquired by interests friendly to the United Rys. & Elec. for the purpose,
ment of that company below.
among others, of using that company to finance the needs of the United Rys.
-On June 29 1907 made a contract with the McCall's & Elec. Co., for additional property, and charter amended by Legislature in
Power Contract.
Ferry Power Co. calling for the delivery of 10,000 kilowatts (13,500 h.p.) 1906 to adapt it to that purpose. In Aug. 1906 was consol. with the Baltifor ten vet -s. Paxe.• .s expected to be avtilabie in 1008. See V. 85, p. more & Annapolis Short Line and the electrification of the latter line was
163. For delay on account of panic see V. 85, p. 1465.
begun. The Maryland Electric Rys then acquired car barn sites, terminals.
-1n March 1905 a large majority of the stock was deposited &c., and is erecting buildings, constructing extensions, purchasing equipVoting Trust.
with the Safe Denosit & Trust Co. of Baltimore, to be held in a voting trust ment. &c . which is leased to the United Ry. & Electric Co. for an annual
for 3 years from Feb. 25 1905. The voting trustees were Alexander Brown, rental of 8% upon the actual cost of the property. At maturity of the
Geo. C. Jenkins and Douglas H. Thomas. V. 80, p. 998, 1236. In Feb. $8,000,000 bonds of The Maryland Elec. Rys., the United obligates itself
1908, when above voting trust expired, Alex. Brown, H. Crawford Black to purchase the property so leased at a sum sufficient to retire the bonds.
lied F. A. Furst were requested by holders to act as trustees under a new See plan in full in V.83, p. 156. There is no guaranty endorsed on bonds,
azreement to continue In force until May 1911. See V. 86, p. 422.
but the terms are such that rental will be sufficient to pay interest. A
Interest. Outstanding. Dtv.or Mat'lI. syndicate took $4,000,000 of the bonds, delivery to be made 11.000,000
Date.
STOCK AND BONDS.
$15,000,000
Common, $24,000,000 ($50)each on Oct. 1 1906, Feb. 1 1907, July 1 1907 and Jan. 1 1908. Stock
%
x1 903,
2
55,000{
4
Preferred,cum.,914,000,000i ---listed on Baltimore Stock Exchange in Feb. 1908.
Interest. Outstanding. Maturitt
par, $50
STOCK AND BONDS- Date.
1949 Stock, $1.200,000 ($50) _
13,945,000
4 g J-D
Inc mtge. g, $14,000,0001 1899
$1,200,000 Jan '08, 1%
cum., tax free, Maryland Payable at option of Co..after March 11940. 1st M,$8,000.000, g ($1,000),1 1906
3,000.000 Oct 1 1931
5 g A-0
Trust Co. c*($1,000)___. Int. at Alex. Brown 4c Sons, Baltimore.
jMercantile Tr & Dep. Co., Balt., Trustee.
sink fd, guar prin &
26,450,000 Mch 1 1949 Baltimore & Annapolis 1st{ 1906
4 g M-S
750,000 Aug 1 1946
5 g F-A
1st con mtge. g. $38,000,0001 1899
01,000); Continental Trust Interest at Alex. Brown & Sons, BaltiFidelity Trust Co., Baltimore, Trustee.
mtge. $1,000,000
more.
Co. Baltimore. Trustee_c*
Interest at Alex. Brown & Sons. Baltimore
1,960,000 June 1 1936
5 g J-D
Income fdg bonds ($100,9501 1906
-A sinking fund of 1 A % of bonds out begins Oct. 1 1909. Bonds
Bonds.
and $1,000) $3,920,000_ _c
are redeemable at 110 and int. on any int. date upon 90 days' notice. Int.
See text. payable at office of Alex. Brown & Sons. See V. 83, p. 818, 970.
245,000
5 g A-0
ri
Car trusts, Sees "A." $350,- 1904
Int. at Fidelity & Dep. Co., Bali., Trustee.
000, gold ($1,000) _ _
-First dividend (1 %) was paid in Jan. 1907 and 2% was
Dividends.
See text. paid July 1 1907. In 1908, Jan., 1%.
680,000
5 g A-0
Car trusts, Series "B," $850,- 1905
c Int. at Safe Dep. & Tr. Co., Balt., Trustee.
000 ($1,000)
-Operates 22 miles of track from Cliffords to Annapolis, which is
ROAD.
See text. now being converted to electricity; is expected to be completed la 1908.
351,000
5 g A-0
Car trusts, Series "C," $390,- 1906
Int. at Safe Dep. & Tr. Co., Balt., Trustee. An extension known as the St. Paul Street Boulevard line was completed
000
In 1907; it is leased to the United Rys. & Elec. Co.
UNDERLYING SECURITIES.
OFFICERS.-Pres. John Wilson Brown; Vice-Pres., Shellman B.
5 M-N
$1,500,000 Nov 1 1929
Baltimore Traction-1st ($1,- 1889
000) mtge,Trustee Mercan-{ Interest at National Mechanics' Bank, Balti- Brown; Sec., Geo. May: Treas., Austin McLanahan.-V. 84, p. 1052, 1114,
more.
Deposit
1428; V. 85, p. 1577; V. 86, p. 337.
tile Tr. &
1,750,000 June 1 1942
5 g J-D
N. B. Div. 1st ($1,000) 5s,f 1892
• g. Trus-Mer Tr.&Dep.Co.c1Int. at National Mechanics' Bank, Bait.
BANGOR, ME.
-I 1892
3,000,000 June 1 1922
5 g J-D
City 80 Suburban Ry. Bonds
i Int. at Alex. Brown & Sons, Baltimore.
1st mtge. g ($1,000)
BANGOR RAILWAY & ELECTRIC CO.
[Safe Deposit & Trust Co., Balt., Trustee.
-Incorporated in Maine on Feb. 16 1905 and is a
ORGANIZATION.
500,000 July 1 1916
Balt.Catonsv.dhEllitott's Mills( 1896
5 J-J
consolidation of the Bangor Hampden & Winterport Ry., the Public Works
1st mtge. $500,000, prin g { Safe Dep. & Tr. Co., Bait., Trustee. Int.
Town Ry, and the Old Town Electric Co.
I. at National Mechanics' Bank, Baltimore. Co.. the Bangor Orono & Old Bangor & Northern RR., which was a re1,000,000 Sept 1 1942 On Feb. 1 1906 absorbed the Central Ry. V. 82, p 333. Does entire
5 g M-S
Lake Roland Elevated-1st( 1892
the Penobscot
organization of
mtge, gold ($1,000)....c*&ri Interest at Alex. Brown & Sons, Baltimore. electric lighting and power business of Bangor, Old Town, Brewer, Milford,
[Baltimore Trust & Guaranty Co., Trustee.
Franchise
furnishes
2,000,000 Nov 2 1911 Orono, Veazie and Hampden. Also said to bewater supply. February
5 g M-N
Baltimore City Passenger-lst f 1891
perpetual. In
others are
O.{ Interest at Nat. Mechanics' Bank, Bait. in Bangor expires in 1012; increased from $1,250,000 to $1,500,000.
mtge, $1,000, gold
[Safe Deposit & Trust Co. of Balt., Trustee. 1907 authorized stock was
Maturity
Date. Interest. Outstanding.
STOCK AND BONDS500,000 Nov 2 1911
)
Baltimore Citil Passenger- 1897 4% g M-N
31,500,000 Jan '08. 1
5 Q-J
MOO)._ _ _ _
Certs of indebt, $500,000, Interest at National Mechanics' Bank. Balti- Stock, $1,500,000 $2,000,000 1905
1,056,500 July 1 1935
5g
1st con mtge, g,
more.
g ($500 and $1.000)
c* Guaranty Trust Co., New York, Trustee.
($500, $1,000)
14,000 July 1 1912
6 J-J
Central Ry.-lst mtge, $600,4 1882
600,000 April 1 1929
5 g A-0
Works Co, 1st, gold, 1899
000, sink fund, currency...I Sub. to call at 100 in certain am'ts yearly. Public
• $600,000 (*5OO, $1,000) c* Interest at Old Colony Tr. Co., Boston, Tills
i Trustee, Safe Dep. & Trust Co., Baltimore.
$2,000,000 new bonds. $600,000 are reserved to retire
-Of the
Bonds.
(Int. at Nat. Mech. Bk , Bait.
V.Si, p. 154.
5 g M-N
683,000 May 1 1932 prior liens and the remainder for extensions and betterments,
Consol mtge, $'700,000, g,1 1892
is payable
1073,4
Interest at National Mechanics' Bank, Bait. Are subject to call on 60 days notice at Worksand int. Interest subject to
($1,000)
Co. bonds are not
Mercantile Tr. ec Dep. Co. of Bait., Trustee. In New York and Bangor. The Public
j 1897
5 g M-S
600,000 Mch 1 1932 call. V. 80, p. 2456.
Ext and imp 1st mtge,
1
.
Dividends.-55. per annum has been paid on the stock since Oct. 1 1905
$600,000, g ($1,000)____1 Bait. Trust & Guar. Co., Bait., Trustee.
-For fiscal years ending June 30:
EARNINGS.
iInterest at Nat. Mechanics' Bank, Bait.
1904.
1905.
1906.
1907.
of 1st consolidated bonds, $26,450,000 have
-Of the $38,000,000
Bonds.
$412,160 $360,075 $325,149 $292,949
Gross earnings
neen issued and $11,550,000 have been set aside for the retirement of Oper. expenses, including taxes
218,374 195,543 194,168 189,705
securities. The Series "A" car trusts mature $35,000 per
underlying
annum on Oct. 1 from 1907 to 1914, both inclusive. The Series "B" car
$193,786 $164,532 $130,986 $103,244
Net earnings
trust bonds in above table are a first mortgage on 200 cars, and mature Fixed charges
$93,614 $82,275 $70,236
$85,000 per annum front Oct. 1 1907 to 1915. They are redeemable on Dividends
56,198
68,698
any Int. date at l02!- and int. V. 81, p. 32. The series "C" car trusts
were originally $390,000 and mature $39,000 annually for 10 years, and are
$31,473 126,059 160,750
Surplus
They are a first mortgage on 90 cars.
subject to call at 102 4.
-Operates 60.4 miles of track in Bangor and Brewer, Me., and
ROAD.
Stock.
-The preferred stock reported above as outstanding is all that
Hampden, to Orono, to Old Town and to Charleston.
remains of the original issue of $14,000,000, the rest having been converted from Bangor to girder and T standard gauge.
Rails. 32 to 90-lb.
into income bonds.
-P., Frank Stillman Jr.: Sec.,
OFFICERS.-Pres., John R. Graham; V.
On Feb. 28 1900 the 50-year 1st con. mtge. and also the income bonds
-V.84,p. sics.
Treas., Harry B. Ivers; Supt., W. H.Snow.
were listed on the Phila. Stock Exchange; the stock, the consols and the Geo. T. Sewall;
income bonds are all listed on the Baltimore Exchange.
-Dividends of 3 of 1 % were paid in June 1899 and 216 %
DIVIDENDS.
BARRE, VT.
in Dec. 1899,and 2% each six months after that to and including Dec. 1903,
BARRE & MONTPELIER TRACTION & POWER CO.-A trolley road.
on both the Income bonds and the pref. stock, the payment on the stock
Sold.
-In May 1907 the control of this company was sold to a syndicate
of 1 % for taxes.
(but not on the bonds) being subject to a deduction of
Payments due June and December 1904, June and December 1905 and represented by Frank NI. Carry, Pres. of the First Nat. Bank of Montpelier

-For fiscal year ending June 30 1907, gross, $96,054; net,
EARNINGS.
after interest and taxes, $47,736. In 1906, gross, $97,516; net, after taxes
and interest, $49,174.
ROAD.
-Operates 7% miles of track between and throughout Kern and
Bakersfield. Also does electric lighting, power and gas business. Has
over 100 miles of electric power lines.
OFFICERS.-Pres.and Gen. Mgr., C. N. Beal, San Francisco; Ass't Gen.
Mgr., Jas. Goodwin, Bakersfield; Sec. and Treas., F. G. Drum, San Franeisco.-V. 77, p. 401.
p.




10

1VoL. Lxxxvi.

STREET RAILWAYS.

Interest. Outstanding. Maturity.
STOCK AND BONDSDate.
Stock, $150,000, par $25*120,000
1st M, gold, $100,000 ($5001 1897
5 g M-N
100,000 Nov 1 1917
each), not subject to call.c*lInt. at Am. Loan&Tr. Co., Boston, Trustee.
-Fiscal year ending June 30 1907: Gross, $45,194; net
EARNINGS.
$12,485; interest and taxes, $7,220: surplus, $2,513.
-Barre to Montpelier. Vt.. 934 miles, opened June 39 11198.
ROAD.
OFFICERS.-Pres., F. M. Corry, Montpelier; V.
-P., H. K. Bush,
Barre, Vt.;Sec. & Treas., E. H.Deavitt, Montpelier; Gen. Mgr.,I. M.Frost
Montpeller.-V. 84, p. 1246.

Lions, stated to be perpetual. In June 1903 a new steam-heating plant was
put in operation.
Isidore Newman & Son of New York and New Orleans are Fiscal Agents.
STOCK AND BONDS.- Date.
Interest. Outstanding. Maturity.
Common ($100) $3,500,000
$3,500,000
See text
Preferred stock ($100) 6%1
$3,500,000 cumulative_ _ f ____
6 J-J
3,500,000 Janl '08 3%
Birmingham By & El 1st M gl 1894
5 g J-J
982,000 July 2 1924
$1,250,000 ($1,000)
c*.fInterest at Cehtral Trust Co., New York.
_Gen M ref 510,000,000 gold( 1904
4 g A-0 8,720,000 April 1 1954
c*i Int. at Commercial-Germania Tr. & Sav.Bk.,
($1,000)
New Orl., Trustee, or at N.Y.Trust Co.,N.Y
Ref & eaten M $25,000,0001 1907
6 g M-N
1,000,000 May 1 1957
BEATRICE, NEB.
($1,000)
sinking }Interest at Old Colony Trust Co,. Boston,
gold
fund
c•J Trustee, and N. Y. agency of company.
BEATRICE ELECTRIC COMPANY
Bonds.
-Of the new $25,000,000 bonds, $9,702,000 are reserved for prior
ORGANIZATION.
-Formerly operated the street railway in Beatrice
liens, $300,000 for cost of additions after expenditure of
7 miles, but this has since been given up and there is no street railway in $1,200,000 for cost of new power house If first lien on same,first $1,000,000:
balance for 80%
operation any longer in Beatrice. The Beatrice Electric now does only an of cost of additions if net earnings are 1% times the interest
on all bonds
electric-lighting business.
outstanding, including those to be issued, and provided 10% of gross earnings have been expended for maintenance within previous 12 months. The
directors may make the rate of interest on succeeding installments not to
BELLINGHAM, WASH.
exceed 6%. Bonds not subject to call. Sinking fund of
of 1% of bonds
WHATCOM COUNI V RAILWAY & 1I01-IT CO.
outstanding starts 1918. Of the Gen. Mtge. of 1904, no more bonds can
-A trolley road.
be Issued.
ORGANIZATION.
-Incorporated in New Jersey on Nov. 26 1902. Con- bonds are Sink, fund of 3 of 1% of bonds outstanding begins 1924. The
subject to call on and after April 1 1909 at 105 and interest. For
trols the entire street railway, gas, electric-lighting and power business of
Bellingham. Principal railway franchise expires in 1941; minor railway the 1st 5s of 1894, $12,500 per annum is payable into a sinking fund; $268,franchise in 1934; electric-lighting and power franchise in 1940; gas franchise 000 have been canceled.
Dividends.
-First div. on pref. stock, of 3%, paid in Jan. 1902, and 3%
In 1941. In Oct. 1905 acquired the Nooksack power plant of the Bellingham Bay Improvement Co. and also the lighting franchises of that company. has been paid semi-annually since then, to and including Jan. 1 1008; on
The power plant will be extended and power will be sold for general pur- common stock in 1903,3 %;in 1904,4%;in 1905,4%; in 1906,5%.
poses. V. 81, p. 1316, 1494. In Nov. 1905 canceled old mortgage and
REPORT.
-For calendar years:
made new issue of bonds given in table below. See V. 81. p. 1494.
Interest and
Net after
New Stock.
Sink. Fund.
Surplus
Taxes.
-In .June 1907 $220,000 old pref. stock outstanding was re- Year.
Gross.
tired (V. 84, P. 1369) and stockholders authorized a new issue of $750,000 1902
$199,273
$267,444
$466,717
$1,076,767
pref. stock. V. 85, p. 1144.
1903
304,755
269,097
573,852
1,311,851
1904
329,516
272,937
1,424,145
602,453
STOCK AND BONDSInterest. Outstanding. Maturity
Date.
1005
368,232
369,612
737,844
1,630,514
Common, $750,000, ($100)$750,000
1906
394,458
427,516
1,932,878
821,974
Pref $7:)(),000 6% cum
Al-S
240,1)00 1.1ca08, 3% 1907
_
220,014
479,506
2,220,999
699,520
First mortgage, $2,500,000,1 1905
5 g M-N
1,489,000 Nov 1 1935
ROAD.
-Operates 128 miles of track in city of Birmingham, and exgold ($1,000)
JInt. at City Trust Co., Boston, Trustee.
tending also to Bessemer, Pratt City, Ensley and several suburbs. StanNotes payable Nov 30 1907
75,000
Bonds
-Bonds Subject to Call as a whole on any int. date at 105 and int. dard gauge. All but 21.3 miles 60 to 100-lb. 'I' and girder rails. Operates
Sinking fund of 1 % per annum of bonds outstanding, if earned,conamenees 278 cars.
OFFICERS.-Pres.and Gen. Mgr., A. H. Ford , Birmingham; V.
Nov. 1 1906; on Nov. 1 1911 becomes obligatory. •
-P., Geo.
H. Davis, New Orleans; Sec., J. P. Ross; Treas. and Aud., C. M. Corry,
Dividends.
-6% Is being paid on preferred stock.
Asst. Treas., E. C. Jolly.- V. 84, p. 803, 1427; V.85, p. 98, 220, 598, 653.
EARNINGS.
-For 12 months ending Dec. 311907, gross, $354,469; net, V.86,p. 479.
$144,027; charges, $77,516; dividends (6%) on pref., $13,236; surplus,
$53,275; in 1906, gross, $279,469; net, $94,288; charges, $48,236; dividends
AMERICAN CITIES RAILWAY & LIGHT CO.
-A holding company.
(6%) on pref., $11,700; surplus, $34,352.
ORGANIZATION.
-Incorporated In New Jersey on June 16 1906. Has
-Operates 18.4 miles of track. Standard gauge. Rails 40 to acquired over 35% of the capital stocks of the Birmingham Ry. Light &
ROAD.
60-1b. 40 cars.
Power Co., the Memphis St. By., the Little Rock By. & Electric Co., the
• OFFICERS.-Pres., Guy E. Tripp; V.
-P., J. W. Hallowell; Sec., Alvah Knoxville Ry. & Light Co. and the Houston Lighting ec Power Co., 1905.
K. Todd; Treasurer, Henry B. Sawyer; Gen. Mgrs. and TransferAgents, For terms of exchange, see V. 83, p. 35.
Stone & Webster, Boston, Mass.; Mgr., L. H. Bean, Bellingham.
-V. 61.
Outstanding Securities American Cities Railway & Light.
p. 1316, 1494, 1552, 1794; V. 82, p. 393, 1042; V. 84, p. 1369; V. 85, p. 1144.
STOOK AND BONDSDate,
Interest. Outstanding. Maturity.
Com,$15,000.000 ($100)_ _ __
$10,761,165
Pref, 512.600,000(5100)6 %cum_ _ _ _
,
6,906,177 Jan'01,1%%
Q-J
Stock.-Preferred stock may be redeemed after three years at 10751 and
BIDDEFORD, ME.
accumulated dividends.
BIDDEFORD & SACO RR.
-A trolley road.
Dividends.
-First div. on pref. stock,3 %,was paid Jan.1907; also 13-1%
ORGANIZATION-Incorporated Feb. 19 1887.
April; 1t% July and 13- % Oct. In 1908, Jan., 1%%.
Income Account.
-For year ending Dec. 31 1907:
STOCK AND BONDSInterest. Outstanding. Maturity.
Date.
Stock ($50),$100,000
$100,000 Oct'07, 5% Div. on stock owned
$521,965(General expenses
$17,348
1st mort. $300,000 ($1,000)1 1900
150,000 Juno 1 1940 Other income
4 g J-D
414,371
5,1581Pref. diva. (6%)
gold O. No a. f. but can be } Interest at Portland Trust Co.Portland, Me.,
Gross income
called in 1920
,
$527123 I Balance, surplus
$95,404
1 trustee.
Notes payable June 30 1907- -_ _ _
6,500
Combined Earnings of Controlled Companies for Calendar Year.
Dividends.
-In 1902, 23%; in 1903, 3%; in 1904, 3M%;in 1905, 4%;
Gross. Net after taxes.Int. s. f.
Surplus.
in 1906, 5%; in 1907, 5%.
1907
1Ye0a7r
55,437,706 52,066,093 51,156,005
'8910,088
30
EARNINGS
-For fiscal years ending June
1906
1,011,490
4,710,638
*1, 67:80743
024
8
2,035,533
1
YearNet.
Int., etc. Dividends. Surp. 1905
Gross.
3,870,807
1,716,852
$18,145
$7,321
$5,000
$5,824
1906-07
867,582
* In 1907 5218,874 and in 1906 $129,981 of surplus 1,v9,070 aside for bet84asset
1905-06
19,715
7,298
4,000
8,417 terments, depreciation, &c.
63,490
ROAD-Operates 8 miles of track between Saco, Biddeford and Old
OFFICERS.-Pres. J. K. Newman; V.
-P., Geo. H. Davis; Treas., L.
Orchard Beach.
Carroll Root, New Yorli.-V.83 p. 35, 322, 1522; V. 84, p. 1179.
-President, C. H. Prescott, Biddeford; Secretary and TreasOFFICERS
urer, E. F. Lord.
-V.70, p. 1048; V. 73, p. 494.

BLOOMSBURG, PA.
COLUMBIA & MONTOUR ELECTRIC RAILWAY.
ORGANIZATION.
-Incorporated in Pennsylvania in 1900. Franchises
run 999 years.
BINGHAMTON RAILWAY CO.
-A trolley road.
STOCK AND BONDS.
Interest. Outstanding. Maturity.
Date.
ORGANIZATION-Is a consolidation Dec. 6 1901 of the Binghamton
$375,000 ($50)
$375,000 Oct '06, 3%
RR. Co (chartered Aug. 11 1892 as a consolidation of all street railways in. Stockmortgage $375,000
First
375,000 Jan 1 1931
gold) 1001
5 g J-J
city) and the Bing. Lestershire & Union RR. Franchises said to be vir($500 and $1,000)
c&rfInt. at Commonwealth 're. Co., Harrisb., Tr.
tually perpetual.
EARNINGS.
-For fiscal years ending June 30:
STOCK AND BONDSInterest. Outstanding. Maturity. YearDate.
Net. Fixed Charges. Surplus
Gross.
Stock, $1,150,000 ($100)$977,349 Dec '07 23-i 1907
$18,750
$35.921
$17,171
580.731
Binghamton Street RR. lstl 1890
6 A-0
168,000 Apr 1 1910
20.473
1906
38,496
18,023
75,189
mort $200,000
J Metropolitan Trust Co., N. Y., Trustee.
Dividends.
-First dividend-2%-was paid Oct. 1903; also 2% Oct.
Binghamton RR. Co. M.,
45,000 1908-1917
1004, 2% Oct. 1005 and 3% Oct. 1906.
$900,000, g. $1,000..c I
I ($5,000 due yearly Mar 1
-Operates 18 miles of track extending from Berwick to Catawissa
ROAD.
(See text) Interest at Met-} 1893
50,000
5 g J-J
1918-1922 Standard gauge. 56-lb. T rail.
tropol. Trust Co., N. Y., I
(10,000 due yearly Mar 1
OFFICERS.-Pres., B. F. Myers; V.
-P. E. R.Sponsier; Sec. and Treas..
Trustee.
589,000 due Mar 1 '23
t
J
Bing. Lest. & Un. 1st M.) 1895 5 g J-D
147,000 June 1, 1925 W. M. Oglesby. all of Harrisburg; Supt., W. M. Terwilliger, Bloomsburg.
Offices, Bloomsburg and Harrisburg.
($250,000) gold, prin-} Interest at Metropolitan Trust, N. Y.
cipal and int. guar.
j
Binghamton Trust Co., Trustee.
MARION BLUFFTON & EASTERN TRACTION CO.
-A trolley road.
Bing. Ry. 1st consol. mort. 1 1901
7 :1,000 Nov. 1 1931
5 gM-N
$2,500,000
ORGANIZATION.
-Organized in 1905 In Indiana. Private right of way.
gold
($l,
-Interest at Fidelity Trust Co., Buffalo, TrusSTOCK AND BONDS- Date.
000)
Interest. Outstanding. Maturity.
el')tee, or Seaboard National Bank, New York.
(?)
Bonds.
-01 the bonds of 1893, $95,000 mature in Installments as indicated Common, $850,000 ($100)
1937
$720,000
5g
in the table, and the remainder Mar 1 1923. Of the $900,000 authorized, First mtge, $850,000 (51,000)1 1907
gold, no s f Fc not red_ _c&rjfat at Marion Trust Co., Indianapolis, Trust
$200,000 are reserved to retire the 6s of 1910 at maturity, $32,000 of which
-Operates 31.57 miles of track between Marlon, where connecROAD.
have been retired. Of the new bonds of the Binghamton By. Co., $1,150,000 were issuable against the retirement of corresponding amounts of tion is made with Indiana "Union Trac. Co. lines, and Bluffton, Ind., conprior lien bonds, $150,000 were issuable Immediately,$200,000 upon certain necting there with Ft. Wayne & Wabash Valley Traction. Standard
specified conditions, and the remaining $1,000,000 only upon the written gauge. 70 lb. T-rail.
EARNINGS.
-First
request of 51 per cent of the stock and consent of State RR. Commission 549,392; net, $24,518.six months of operation ending Jan. 1 1908, gross,
The requirements as to this last million were complied with in Jan. 1904
OFFICERS.-Pres., L. C. Davenport; Sec. and Mgr., R. F. Cummins;
(V. 78, p.701). The bonds are subject to call after Nov. 1 1911, at 110 and
Treas., W. A. Kunkel; Supt., C. W. Clark; all of Bluffton.
interest. See V. 73, p. 1312.
Dividends.
-2% was paid Jan. 31 1902; 2% Mar. 3 1903; 2% Apr. 11
BOISE & INTERURBAN RY. CO.
-A trolley road.
1904 and 2% Apr. 10 1905. A scrip dividend of:O% was paid Apr. 18
ORGANIZATION.
-Incorporated 1896 in Idaho.
1905. In 1906, May, 23-6%. In 1907, Dec.. 23-1n•
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
ROAD.
-Operates 45.50 miles of track. Connects Binghamton with
$850,000
Lestershire, Hooper, Endicott, Union and Port Dickinson. An extension Stock, $5,000,000 (5100)_
850,000
1936
5 g A-0
from Union to Owego is to be constructed. Standard gauge, 60-lb. to 94-lb. 1st mtge, $850,000, g($1,000)1 1896
s f and sub to call
c&rfInt. at Colonial Trust Co., Pittsb., Trustee.
T and girder rail; 75 motor cars and 27 trail cars.
-Operates 30 miles of track between Boise and Caldwell, Includ
ROAD.
REPORT.
-Figures for years ending March 31 1907, gross, $305,754;
in 7 miles in Boise. 60, 72 and 110-lb. rail, mostly T. Standard gauge.
net, $142,844; int. and taxes, $92,686; surplus. $50,158.
Several extensions are proposed.
OFFICERS.-Pres. G. T. Rogers; V.
-P. Geo. E. Greene; Secretary, John
OFFICERS.-Pres.. W. E. Pierce, Boise; V.
-P., Julian Kennedy,
B. Rogers: Treas, H. C. Hardie; Gen Man. and Pur. Agt., J. P. E. Clark; Pittsburgh; Sec. Thos. B. McKaig, Pittsburgh; Treas., Alexander C.
office, Binghamton, N. Y.
-V.77, p. 247• V.78, p. 342, 701. V. 79, p. 1649. Thompson, Pittsburgh.
'

BINGHAMTON, N. Y.

BIRMINGHAM, ALA.

BOSTON, MASS.

BIRMINGHAM RY. LIGHT & POWER.
Controlled by the American Citiel By. & Light Co. V. 83, p. 36.
ORGANIZATION.
-Consolidation on June 1 1901 of the Birmingham
Gas Co., the Consolidated Electric Light Co. and the Birmingham By.
Light & Power Co. Comprises all the street railways, gas and electric-light
and power plants of Birmingham and all the principal near-by cities and
towns, with the exception of the gas business in Bessemer and the electriclighting in North Birmingham. Franchises covering gas, electric-light and
power business and street railway lines are, with some unimportant excep-

BOSTON ELEVATED RAI LWAY.-(See Map on Page 11)
ORGANIZATION.
-Charter granted in 1897 provides for an extensive
system of free transfers. The company also, in addition to regular street
railway taxes, has to pay on all lines owned, leased or operated by it 7 of
1 '7,3 of gross income and a sum equal to the excess of the dividends over 6%.
Its charter, however, is understood to "grant it exemption from reduction
of fares, and also other immunities." (See Massachusetts Railroad Commission, V. 65, p. 1223.) Elevated cars run with electricity by the "third
rail" system; surface lines by trolley. Six miles of elevated road opened In
June 1901; in Aug. 1901 put in operation the Atlantic Ave. Loop Division




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12

STREET RAILWAYS.

-The West End Street Ry. Is
Lease of West End and Subway and Tunnels.
leased until June 10 1922.
In Dec. 1896 the West End Street Ry. leased the right to use the Boston
Subway. See terms under West End Street By.
On Dec. 24 1904 the East Boston tunnel (under Boston Harbor) was leased
by the Boston Elevated Ry. until June 10 1922 for a rental of
of 1 % of
earnings of all lines owned, leased or operated. The company also collects
a toll of one cent per person, which goes to the city. The tunnel was opened
Dec. 30 1904. It extends from the main land to East Boston, 1.4 miles,
and cost over $3,300,000.
On June 28 1902 Washington Street Subway bill became a law. The city
Is to construct a tunnel for elevated trains and lease same to the Boston
Elevated By. Proposition was ratified by voters at the Dec. 1902 election.
V. 75, p. 28, 496, 1315; V. 77, p. 2097; V. 82, P. 217. The Washington
Street tunnel will be completed in 1908. In 1907 an Act was passed modifying plans somewhat and permitting Boston Transit Commission to construct a subway to be known as the Riverbank Subway and giving this
company right to lease same for 25 years at an annual rental equal to 434%
,
of net cost thereof. Another Act of the Acts of 1907 authorizes company
to build an elevated extension from Sullivan Square, Charlestown, to
Malden. See V. 86, p. 105.
On April 29 1903 leased from the Old Colony Street By. all that company's tracks in the city of Boston, amounting to 23.753 miles. The lease
is for 99 years and provides that besides paying taxes the Elevated Co. will
pay 634 % of replacement value (appraised at $353,979, less the rental of
certain short pieces of track appraised at $13,866) of the property leased as
of date Feb. 16 1933,and 4% on the cost of all additions and betterments.
Subways in Cambridge.
-In June 1906 a measure passed by the Massachusetts Legislature became a law, which permits the Boston Elevated to
construct two subways in Cambridge, and to issue stock or bonds to meet
the cost. At the end of 20 years the city of Cambridge is to have the right
to purchase these subways by paying their cost plus 7% interest, less dividends. V.83, p. 93. See remarks concerning these subways in company's
report for 1906, as given in V 84. p. 155. In July 1907 the Mayor of Cambridge refused to approve the plans, and the company appealed to the Railroad Commissioners as provided by above Act.
Extension.
-An extension of the elevated road to Forest Hill will be
completed in 1908. In April 1905 $7,500,000 new bonds were issued to
provide for this extension and for payment of floating debt, &c. See V.
80, p. 1423.
Damages by Noise.
-In Aug. 1902 Judge Mason, in the Superior Court
at Boston, held that the company is liable for damages from noise caused
by the operation of trains. V. 75, p. 496. This was affirmed April 1903,
by Massachusetts Supreme Court. V. 76, p. 809.
STOCK AND BONDS.
Interest. Outstanding
Date.
Maturity.
Stock, $23,000,000 ($100)- - - - - -- $13,300,000 Feb15'08 3%
F-A
Debentures, gold
8,500,000 May 1 1935
cecrl 1905
4 g M-N
JOld Colony Trust Co., Boston. Registrar.
Debentures,gold
434 %
$3,900,000 Oct 1 1937
c&r 1907
Bonds.
-The coupon bonds are in denominations of $500 and 31,000 and
registered bonds are in denominations of $1,000, $5,000, $10,000 and
150,000.
On April 30 1907 shareholders voted to increase the authorized stock to
$23,000,000 and the bonded debt from $11,000,000 to $16,800,000, to
provide for new construction and equipment. See statement in V. 84, p.
1051.
Massachusetts Commission was petitioned for authority to
Issue $8,000,000 of the new stock to defray the cost of Cambridge Subway;
also authority to issue $5,800,000 of the new bonds for the cost of power
additions, new equipment and the orest Hill extension. This latter authority was granted in June 1907. Of this amount $1,000,000 have been
Issued as 4s maturing May 1 1935 and remaining $4,800,000 were sold as
430 maturing Oct. 1 1937 ($2,500,000 at public sale and $2,300,000 to a
syndicate headed by R. L. Day & Co.). At last accounts only $3,900,000
of the.$4,800,000 434s were actually outstanding. V. 85, p. 865, 920; V.
86, P. 277. The petition to Issue the $8,000,000 new stock has been with
drawn for the present, owing to litigation which is delaying construction of
Cambridge subway. V. 85, p. 1461.
Dividends.-First dividend, 23i %. was paid Aug. 15 1898. In 1899,
5f-%; In 1900, 434 %; in 1901,5 %; in 1902,6%; in 1903, 6 %; In 1904,
6 70: In 1905,6%; in 1906,6 %;in 1907. 6 %; in 1908,Feb., 3%.
ANNUAL REPORT.
-Report of Boston Elevated By. for year ending
Sept. 301907 In V. 86, p. 105. For 1906, In V.84, p. 135.
1906-07.
1905-06.
1904-05.
*271,084,815*262,267,240*246,941,776
Revenue passengers
52,061,569 50,280,786 48,273,622
Car miles run
$13,952,966 $13,527,185 $12,689,676
Gross earnings
4,305,821
4,220,235
4,072,023
Net earnings
58,201
107,426
51,893
Interest on deposits
$4,364,022 $4,327,882 $4,123,916
. Total net
Deductions
$650,319
$653,680
$654,758
Interest on West End debt
525,509
573,204
579,226
Taxes, West End
318,189
344,823
358,905
Taxes, Boston Elevated
115,987
123,276
109,202
Compensation tax
207,274
201,269
193,142
Rental of subway
1,200,874
1,190,248
1,190,248
Dividends on West End stock
9,180
9,180
9,180
Other rentals
40,362
37,783
33,772
Rental to Old Colony Street By
300,000
306,389
125,000
Int. on Boston Elev. funded debt_ _
51,371
49,708
35,398
East Boston Tunnel rental
100,000
Depreciation fund_
Balance
Dividend (6%)
Surplus for year

$831,279
798,000

$851,778
798,000

$835,085
798,000

$33,279

$53,778

$37,085

* These figures cover revenue passengers only. No data available as to
free transfer passengers.
ROAD.
-Sept. 30 1907:
Miles.
Miles.
Main line first track (6.6 m."L")..222 Owned by West End
395
do
second track(6.5m."L")188 Leases, trackage, &c.(16m."L")_ 67
52
Sidings, &c.(2.9 miles "L")
- Total (16 miles "L")
462
462 Electrically equipped
Total (16 miles "L")
456
Weight of girder rails is 70 to 100 lbs. Cars, 3,505; horses, 288: electric
motors, 5,137; snow-plows, 305; snow sleds, 624; misc. vehicles, 554.
OFFICERS.-Pres., William A. Bancroft; V.
-P., Charles S. Sergeant;
Treas., William Hooper; Sec., Daniel L. Prendergast; Compt., H. L. Wilson.
-V. 84, p. 101, 155, 270, 803, 930 1051, 1487; V. 85, p. 863, 920,
1143, 1460, 1576; V. 86. n. 105, 277.
Companies Controlled by Boston Elevated Railway Co.
(1) West End Street Rallway.-A trolley road.
ORGANIZATION.
-Leased to Boston Elevated Ry. until June 10 1922
at 7% on common and 8% on preferred in addition to the payment of
rentals, interest and other charges. Elevated assumed possession Jan. 1
1898. See terms in V. 65, p. 1223
.
In Dec 1896 leased the right to use the subway at 474 % of the net cost
of subway, stated approximately as $5,786,000 in Sept. 1898, when the
third ahd last section was opened. Entire length is 1 2-3 miles, with a
trackage of about 5 miles. See V. 63, p. 1065, 1117; V. 67, P. 528.
In Aug. 1904 issued $150,000 additional stock to pay for improvements,
&c. See V. 79, p. 214, 787. Sept. 1904 issued $750,000 additional bonds
of 1932, bringing amount up to $5,009,000; $200,000 more was issued to
retire bonds due May 1 1905. V. 80, p. 1729. In April 1907 the Massachusetts Railroad Commission authorized $420,000 additional common
stock at $85 per $50 shares to cover cost of improvements made by the
Boston Elevated. V. 84, p. 572, 805. The stock was at once offered to
shareholders f t that figure. V. 84, p. 932. Of this $56,500 was not taken
/
1
4
by the shareholders, and in June 1907 the Commission authorized the sale
of the same at auction at not less than par. V. 84, p. 1369. The prices
received ranged from 8134 to 83%. V. 84, p. 1553. In Dec. 1907 Commission authorized a further issue, for same purpose, of $1,010,900 corn.
stock, fixing issue price at $70 per $50 share (V.85,p. 1520, 1578), at which
figure (plus accrued dividend) it was offered to stockholders (V. 86, P. 63);
$925,450 was taken and remaining $75,450 was sold at public auction.
V.86,p. 109,482.
The Mass. RR. Commission onJan.301908 authorized issuance of $700,000 15-year bonds on account of additions already made. V. 86. P. 287, 422.




[VOL. Lxxxvi.

STOCK AND BONDS.t
Iterest. Outstanding. Maturity.
Cool stock (550)311,120,150-- ----- A-0 $11,120,150 . Oct '07, 334
,
7
6,400,000 Jan '08, 4%
Preferred ($50) $6,400,000_____
8 J-J
1894
434 g M-S 2,000,000 Mch 1 1914
Gold bonds of 1894
4 g M-N
815,000 May 1 1916
Gold bonds of 1896. $2,275,1 1896
000 not mortgaged _
4 g F-A
2,700,000 Feb 1 1917
Gold bonds of 1897, 52,700.-i 1897
c
000 not mortgaged
4 F-A
Currency bonds ($1,000) noti 1900
4,743,000 Aug 1 1915
c Interest at Old Colony Trust Co. Boston.
mortgage
c4 1902
.
,
4 F-A
5,7011,000 Alig 1 1932
Bonds ($1,000)
Interest at Old Colony Trust Co.. Boston
c &r 1908
434
700,000 Jan 1,1923
Bonds ($700,000)
Joseph B. Russell; Treas., Parkman Dexter.OFFICERS.-Pres..
V. 84, p. 272, 572, 805, 932, 1369, 1553; V. 85, p. 1463, 1520, 1578; V. 86,
p. 53, 109, 287, 422, 482.
•
(2) Somerville Horse RR.
Owns 8.04 miles of track. Leased to West End Street Ry. for $9,180
-6% on $153,000 stock. Dividends are payable(M&N)in Boston.
yearly
-A trolley system.
BOSTON SUBURBAN ELECTRIC COMPANIES.
ORGANIZATION.-Thls company is a voluntary association formed in
Nov. 1901 on the same lines as the Massachusetts Electric Companies. The
properties controlled are the Newton Street Ry.(into which Waltham Street
By. has been merged), Newton & Boston Street By., LexingtJn & Boston
Street By. Natick & Cochituate Street By. Middlesex & Boston Street
By , Natick & Needham Street By. and Westboro & Hopkinton Street
By. The entire issues of the stock of these roads have been acquired
In 1902 secured entire ($324,700) capital stock of the Waltham Gas Light Co.
V. 74, p. 377. (The Waltham Gas earned $185,050 gross, $47,595 net and
$17,375 surplus above dividends in year ending June 30 1906.) In 1902 also
purchased Norumbega Park and Lexington Park. Also owns all of the
$50,000 stock of the Suburban Mfg. Co.(company has no bonds), which in
1907 completed an electric plant to supply power to the Newton Street By.
On May 27 1907 amendments to the declaration of trust were passed by the
stockholders, which confers upon the trustees certain powers with reference
to disposition of securities and other property. See V. 84, p. 1246, 1306.
The object in view is said to be the consolidation of the Westboro & Hopkinton. the Middlesex & Boston and the Nati k & C .enituate ros.
-Shares have no par value, but In case of liquidation the preSTOCK.
ferred 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.) In 1904 15,635 shares of preferred and 15,635
shares of common were offered to shareholders at $66 67 for one share of
preferred and one share of common jointly. Listed on Boston Stock Exchange in April 1905.
Date.
Interest. Outstanding, Maturity.
47,969 sh.
Common stock
47,119 sh. Oct.15'07,75c
Preferred stock,$4 per sh. cum _ _
Q-J
$835,000
Notes payable Sept 30 1906
-Companies owned and controlled operate in the aggregate about
ROAD.
141 miles of track from Needham on the south to Lowell on the north, and
points with the tracks of the Boston Elevated By. At
connecting at six
Westboro connection is made with the Worcester Consolidated.
Dividends.-First of $1 on preferred paid April 1902; also $1 July 1902
and 51 Oct. 1902. In 1903, 34; In 1904, $3; in 1905, $2; in 1906,$2 75;
In 1907, 43. In 1903, Jan. olv. p .stp.,ned, making arrears of div. to
that date $7 75. V. 85, p. 1645.
-For fiscal year ended Sept. 30 1907: Income, gross, $244,REPORT.
910; net, $188,490; dividends, $141,357; surplus, $47,133; loss on Concord
& Boston Street Ry., $1.122.
OFFICERS.-Pres., Adams D. Claflin; V.
-P., Wm. F. Hammett;
Treas., Alden E. Viles; Sec. Frank W. Remick; Asst. Treas., G. M. Cox. V.
80, p. 1423; V. 81, p. 558, 1790, 1847; V. 83, p. 154, 1410; V. 84, p. 1246,
'
134)t,: V. 8.i, p. 653. 020, 148I. 1645
(1) Lexington & Boston Street Ry.-Trolley.
ORGANIZATION.
-Incorporated in June 1890. Operation begun in
Mav 1900.
STOCK AND BONDS.
Date.
Interest. Outstanding. Maturity,
Stock $525,000 ($100)
$525,000 In'03-04,1 %
First mortgage $500,000 gold i 1900
500,00i1 July 1 1920
434 g A-0
(81,000)
cAl Interest at Beacon Trust Co., Boston, Trust.
Current liabilities Sept. 30 '07_
205, 7
9,
Bonds are subject to call before July 1 1905 at 110, then until July 1 1910
at 10734 and thereafter at 105.
EARNINGS.
-Year to Sept. 30 1907: Gross, $151,134; net, $40,477;
charges, $40,208; surplus, $269.
ROAD.
-Owns and operates 32.356 miles of track, leases 0.745 miles;
total, 33.101 miles, extending from Arlington Heights (terminus of Boston
Elevated system) through Lexington and Bedford to Billerica, where cars go
through to Lowell without change, and also to the Sullivan Sq_uare,Chariestown, station of the Boston Elevated By., with branches to Waltham and
to Concord; laid with 95-lb. girder rail and 60 and 70-1h. T rail; operates 170
motors, 23 box and 38 open cars; total, 61 cars; 7 snow-plows, 2 work cars.
-V. 83, p. 155, 818.
(2) Natick and Cochituate Street Ry.-Trolley road.
ORGANIZATION.
-Stock. $100,000, par $100. No bonds. Current
liabilities Sept. 31) 1907, 4213,844.
Dividends.
-In 1898-99 to 1902-03, inclusive, paid 8% per annum; in
1903-04,2%;in 1904-05, none; In 1905-06,6%;in 1906-07, 2%. 1834 miles
of track.
Earnings.
-Year to Sept.30 1907: Gross,$100,078; net, $16,780;charges,
$14,766; dividends, $2,000; surplus, $14.
(3) Newton Street Railway.
-A trolley road.
ORGANIZATION.
-Chartered in 1887. In Dec. 1903 the Railroad Ootnmission authorized an issue of $292,000 stock, share for share,for the stock
of the Commonwealth Avenue Street By. and $115,000, share for share,
for the stock of the Wellesley & Boston Street Ry. V. 77. p. 2098.
In Oct. 1907 Massachusetts RR. Commission approved the consolidation
of this company with the Waltham Street By. (previously operated under
agreement) and the issue of $100,000 new stock with which to buy the
$100,000 stock of the latter road.
Interest. Outstanding. Maturity.
STOCK AND BONDS.
Date.
$822,000 '01-07, 234
'
Stock $907,000 (par $100)_
Q-J
500,000 July 1 /912
5 J-J
Newton St By 1st M cur not 1892
subj to call ($500) $500,000 Int. pay. at Am. Loan ec Tr Co.,Bost.,Trus.
75,000 Feb 1 1916
5 g F-A
Commonwealth Ave first nitg 1896
c* Int. at Internat. Tr Co.. Boston, Trustee,
$75.000 ($500) gold
100,000
1925
5 g J-D
Waltham St By 1st mtgel 1905
Int. at American Trust Co., Boston, Trustee.
$100,000 ($1,000)
515,954
Current liabilities Sept 30 190 ____
--For years ending Sept. 30 (not Including Waltham
ANNUAL REPORT.
Street Ry.) earnings were:
. 1907.
1906.
1907.
1906. I
Gross earnings__ _3357,588 $361,596 Bal. for dividends $20,414 $41,197
36,100
89,057 107,608 Dividends paid__ _ 18,050
Net
2,364
66,4111 Balance, surplus_
5,097
Interest.taxes, &c. 68,643
ROAD.
-Owns from Newton to Waltham, Watertown, &o., /3.30 miles
track (measured as single); sidings, &c.. 0.57; trackage, 2.40; total, 16.36
miles; Commonwealth Avenue Street By.. 7.62 miles: Wellesley & Boston
Street By.,8.66 miles; Waltham Street By.,7.183; total oper., 47.547 miles.
-V. 78, p. 2442, 2599; V. 85, p. 921.
(4) Newton & Boston Street RailwaY.-Trolley.
2
Interest. Outs
$2tZio
og
n
STOCK AND BONDS- Date.
00,000
Stock, $250,000, par $100_
July 1 1012
1st mtge for $500,000
5 j
Not subject to call.
i In 892ayabltat Am.Tr. Co., Trustee, Boston
j 1t. p
392,103
Current liabilities Sept 30 1907
Dividends.
-In 1898.5%; in'99,Jan.,1 31 %;in April, 1 X %. None since.
EARNINGS.
-For year ending Sept. 30 190/, gross, $74,005; net, $4,154;
interest, taxes, &c., $34,513: balance, deficit, $30,359.
ROAD.
-Owns 9.748 miles track; track leased, 5.618 miles; Total
trackage, including sidings, 15.366 miles.
(a) Newtonville & Watertown Street Ry.-Trolley.
ORGANIZATION.
-Operates about 5 miles of track. Stock, $50,000;
outstanding, $50,000; par $100. Unfunded debt Sept. 30 1907, 559,650.
No funded debt. Operated by Newton & Boston St. By. under lease of
1897, at a rental of 7.2% per annum on the stock, payable February and
Au(g5u)
Middlesex & Boston Street Ry.-Trolley.
iddlesex
ORGANIZATION.
-Organized in 1007 and took over the South Middlesex Street By., sold at receiver's sale July 1 1907. Massachusetts RR.
Commission approved the Issue of $300,000 capital stock. V. 85, p. 221.

PEB., 1908.]

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MAP OF TIIE

BOSTON & NORTHERN
AND

4
44i,,,c 7 ,-

OLD COLONY
Street Railway Companies.
(Massachusetts Electric Companies).

14

STREET RAILWAYS.

Interest. Outstanding. Maturity.
STOCK AND BONDS.- Dale.
$300,000
Stock, $300,000.
-A
5gF
100,000 Feb 1 1915
So Mid St RY.5100,000, gold_11895
1Interest at International Trust Co.. Boston.
126,604.
Current liabilities Sept. 30 1907
EARNINGS. For year ending Sept. 30 1907. gross, $89,875; net, $27,683; charges, $8,453; divs., $3,000; surplus, $16,230.
-Owns 15.898 miles of track and runs from Hopkinton to South
ROAD.
Natick; rails, 75-1b. T. Total operated, Including sidings, 16.067 miles.
V.85.p. 221.
& Needham Street Ry.-Was leased to South Mtddlesex St.
(a) Natick
By. (now the Middlesex & Boston St. Ry.) at rental of 4% on the $50,000
stock and interest on bonds. Receiver ceased operating road in Jan. 1904,
and a large part of track taken up. Has outstanding $50,000 of 5 % first
mortgage gold bonds due Feb. 1 1921. Owned 5.822 miles of track.
(6) Westboro & Hopkinton Street Ry.
ORGANIZATION.
-Incorporated In 1901,and owns road from Westboro
to Hopkinton,6.431 miles. Stock, $40,000; par,5100. Bonds, first mtge.,
5%,$40,000, due Nov. 1 1922. Current liabilities Sept. 30 1907, 810,100.
Earnings for year ending Sept. 30 1907, gross, $13,917; net, $2,799; fixed
charges, $2,258; surplus, $541.

Interest. Outstanding. Maturity.
Date.
$100,000 May 1 1910
1890
5 M-N
American Trust Co., Boston, Trustee.
100,000 Jan 1 1911
6 J-J
1891
Essex Electric 1st
Old Colony Trust Co., Boston, Trustee.
3,723,000 Dec 1 1924
5 g J-D
Lynn & Boston 1st mtge, g, 1894
$5,379,000 ($1,000)_ _ _ _0 Int. at Old Colony Tr. Co., Boston, Trustee.
180,000 June 1 1920
5 g J-D
R & I 1st mtge ($1,000), 1900
Int. at Mereantile.Trust Co., Boston, Trus.
$180,000, gold
35,000 Mch 1 1919
5
1899
H G & D 1st mtge
405,000 April 1 1917
1897
6 A-0
Coupon notes, $405,000
Plain bonds secured by Lynn
& Boston mtge of 1894
186,000 Mch 1 1912'
5 M-S
1893
Lynn & Boston, deb
24,000 Sept 1 1910
6 M-S
1890
Naumkeag, deb
10,000 July 1 1911
6 J-J
1891
do
125,000 Dec 1 1916
5 g J-D
Gloucester Es'x & Bev 1st M,1 1896
$125,000 ($1,000), gold_c*I Interest at Amer. Tr. Co., Boston, Trustee
150,000 Mch 1 1915
5 g M-S
Wakefield & Stoneham 1st) 1895
mtge, $150,000, gold_ _ _ _ef
The last issue is redeemable at 105 after March 1 1900. Interest at American Trust Co., Boston, Trustee.
The Mystic Valley St. By. has out $60,000 gold 5s, due Jan. 1 1919.
The Rockport St. By. has outstanding $12,500 6% coupon notes due Oct.
15 1916, interest payable April and October,
The Gloucester Fc Rockport has outstanding $10,000 6% coupon notes
dated Feb. 1 1895 and due Feb. 1 1915.
STOOK AND BONDSLynn Belt 1st

-Electric light and street
MASSACHUSETTS ELECTRIC COMPANIES.
railways.
May 1899. Is not an incorporated
ORGANIZATION.
-Formed in
LOWELL LAWRENCE & HAVERHILL.
company, but a voluntary association managed by a board of fifteen trustees, who hold the title to its assets. Messrs. E. Rollins Morse & Bro. and
Date.
STOCK AND BONDS-Interest. Outstanding. MGturity.
Tucker, Anthony F0 Co. of Boston, who promoted the combination, in June Stock ($100), common
Was exchanged for Lynn & Boston.
1899, in offering some of the stock for public subscription ($1,000 of pre- Merrimack Valley Street By 1391
$342,000 April 1 1911
5 g A-0
ferred and $500 common was offered for $1,050), stated that "the Declara'Interest at Inter. Tr. Co., Trustee, Boston.
1st mtge, gold
tion of Trust contains strict provisions against the creation of any indebted- Lowell Lawrence & Haverhill' 1893
5 g J-D
9111,000 June 1 1923
ness whereby any shareholder or trustee can beheld to any personal lia1st mtge, $1,900,000, gold,}Subj. to call for the sink, fund at 105 & int.
bility." Comprised originally between 30 and 40 separate properties, but
c*j Int. at Amer. Trust Co., Trustee, Boston.
$1,000
through consolidation there are only two operating companies,namely the People's St By, West New-) 1898
5 J-J
64,000 Jan 1 1928
Boston & Northern St.Ry. and the Old Colony St. By., besides the Hyde
bury, Mass, 1st mortgage Interest at State Street Trust Co., Boston.
Park Electric Light Co.The following is a list of the companies controlled,
bonds, assumed
with their share capital, Feb. 1 1908:
Low. Law. & Hay. Consols of 1893 are reserved for Merrimack Valley
bonds when due.
COMPANIES CONTROLLED FEB. 1 1908.
5 g J-D
1,000,000 Dec 1 1911
IShares. Lowell & Sub St By 1st mtge,1 1891
Shares.
OfInt. at the Amer. Tr. Co., Boston, Trustee.
1891, gold
Boston & No. St. By. Co_ ___110,432 Hyde Park Elec. Light Oo___ 2,875
-Old Colony Street By. Co_ _ _ 77,122
-Of the $15,000,000 Boston & Northern bonds, $7,941,500 are
Bonds.
190,420 reserved to retire prior liens. These bonds have no sinking fund and are
Total
Of the above 190,429 shares, practically all were at the date given owned not subject to call. Of the $5,379,000 first mortgage bonds of the Lynn de
by the Massachusetts Elec. Companies. The system comprises electric Boston RR.. $363,000 have been canceled, and the unissued balance is to be
street railway lines in 22 cities and 70 towns in Eastern Massachusetts and used to take up other bonds. The Merrimack Valley St. By. 1st mtge
New Hampsnlre and Rhode Island. The companies given cover the greater bonds are redeemable at option at any time after 10 years from their date.
part of the street railway mileage north of Boston as far as Nashua, N. H.
-From 1880 to Oct. 1899, incl 8%., Yearly; in 1900, 7%:
DIVIDENDS.
and Newburyport and Gloucester. Mass., and south as far as Fall River and
1901, 6%: in 1902, 6%; in 1903. 5%; in 1904. 2 %; in 1905, 2%; in
New Bedford, Mass., and Newport, R. I., connecting directly with the in
Various electric-lighting companies 1906. 5%: In 1907,
street railway system of Boston.
-Comprises the lines of the Mass. Electric Companies north of
ROAD.
doing business in the same section are also included.
main line and 479.405
embracing 460.791
-The share capital is represented by certificates Boston, track-all owned. miles of main and 2d
STOCK AND BONDS.
of
of participation,which give the owners a proportionate interest in the shares miles
-For fiscal year ending Sept. 30 1907, of all comANNUAL REPORT.
of shares are reported exempt from taxaheld by the trustees. Both classes
tion in Massachusetts. Listed on the Boston Stock Exchange in April 1901. panies Included In the Boston & Northern St. Ry.: Gross, $4,618,992; net.
$5,500,000 preferred stock was authorized May 29 1902 and sold to a syndi- 11,652,689; other income, $11,314; charges, $1,036,077; dividends (5%),
cate. For consolidated balance sheet of companies controlled, see V. 85, p. $552,160; surplus, $75,766.
1457; this balance sheet shows $19,042,900 aggregate stock of the controlled
OFFICERS.-Pres., Patrick F. Sullivan, Lowell; Treas., C. R. Rockcompanies Sept. 30 1907, $17,882,000 funded debt Sept. 30 1007 anp well. V. 81, p. 1846; V. 82, p. 1155; V. 84, p. 995.
12,685,000 notes payable to outsiders.
(a) Boston & Chelsea Street Ry.-Owns 4.379 miles of track. Leased
Rate.
Outstanding. Dividends.
Date.
to Lynn & Boston Street By. Co. at $7,260 per annum, equal to 6 Ye on
$14,293,100
Common stock, par $100
$121,000 stock, payable A&0.
($14,293,100)
4 J-J
20,557,400 July '04,2%
Pref, stock, par $100 ($20,(8) Boston & Revere Electric Street Ry.
557,400) 4% cum_ _____ _
ORGANIZATION.
-Incorporated June 24 1889. Leased from July 1
J
J-J
4l'
3,500,000 July 1 1910
Coupon notes, $3,500,000, 1905
which guaranteed interest on the
1895 for 99 years
red at 102 any Int date Interest at Old Colony Trust Company $50,000 bonds (of to Lynn & Boston,been retired up to Feb. 1908) and
which $35,500 had
Boston. Trustee.
($1.000), gold
Of the new coupon notes of 1905, $2,700,000 were Issued to retire the dividends on $50,000 stock from July 1 1898 at 5% per annum.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
prior notes. The collateral for these notes consists of $3,656,300 stock of
$50,000 See text.
5 J-J
the Old Colony St. By. and $718,700 stock of the Boston & Northern Stock (par $100)
1 1890
14,500 Feb 1 1910
5 F-A
1st mtge drawn at 104
St. Ry. See V. 81, p. 726. 1436.
Int.(not pr.) gu. by BAN.JInterest at Amer. Trust Co., Boston.
-Report for the year ending Sept. 30 1907 (see "Chronicle'
REPORT.
1457), shows receipts from dividends, $880,837; from Inter-Total track, 3.812 mlles.
ROAD.
Dec. 7 1907,0.
est on notes, &c..$82.004;total, $962,841; expenses,$16,630;interest, $157(c) East Middlesex Street Ry.
500;surplus. $788,711; previous surplus,$778,174; total surplus,81,566,885
-Owns 18.6 miles of track; sidings, switches, &c..
ORGANIZATION.
CONSOLIDATED INCOME ACCOUNT OF CONTROLLED COS.*
1905-06.
1906-07.
1903-04. 0.8; total, 19.4 miles. Leased May 1 1893 to Lynn & Boston (now Boston
1904-05.
Sept. 30Year end.
$7,758,511 $7,518,240 $6,734,127 $6 380 863 de Northern) for 99 years at a rental till May 1 1896 of $18,000 yearly in.
Earnings
4,883,552
5,000,652
4,479,520 addition to fixed chargts; then till May 11901, $24,000 yearly; and for re4,456,303
Expenses
mainder of lease, $30,000 yearly. Eight per cent dividends had been paid.
$2,757.959 $2,634,688 82,277,824 $1,901,343 but on May 1 1901 were increased to 10%. The refunding bonds were issued
Net earnings
1,594,503
1 ,543,514
1,702.623
1,462,626 to take up a like amount of s% bonds which matured on Jan. 1 1902.
Charges
Interest.
Outstanding. Maturity.
STOCK AND BONDSDate.
$1,055,236 $1,040,185
$438,717 Stock (1100) $300,000
$734,310
See text.
10
$297,700
Divisible Income
_____
_
710,406
880,773
120,000 Sept 1 1918
466,003 Plain bonds, int. gu. (end).. 1898
372,448
5 M-S
Dividends
100,000 Jan 1 1922
4 J-J
Reid bonds, Int. gu. (end)..__ 1902
$329,779
$174,463
$361,862 def.527,286
Interest at State National Bank, Boston.
Balance
The lessee in the lease agreed to stamp both issues of tile bonds with a
-V.67, p. 482.
*The Georgetown Rowley & Ipswich is Included In 1906-07, 1905-06 and guaranty of tile Interest-principal Is not guaranteed.
1904-05, but is not included in preceding years.
-Trolley.
(d) Nashua Street Railway.
-First div. on pref. stock, 2%,was paid Dec. 1 1899; also
DIVIDENDS.
-Incorporated Aug. 14 1885. On July 1 1000 was
ORGANIZATION.
2% June 1 1900. Div, period then changed to J&J and 2 1-3% paid
years,and lease now runs to Boston
1901; July 1901,2%;in 1902,4%;in 1903,4%;in 1904, Jan.,2%;Jbly,2 %. leased to the Lowell & Suburban for 99
The Jan. 1905 dividend was passed and none paid since. See V. 711, 2042, & Northern through consolidation.
Rental.
-Dividends are payable Jan. and July at the rate of 4% In 1901
2456, and V. 85, p. 1646.
5% in 1902 and 6% for the remaining 98 years of lease.
-The street railways controlled have 891.68 miles of main line
PLANT.
Interest. Outst'd'g. Div,tinaturity
Date.
STOCK, BONDS, &c.and 931.94 miles of track, and own and operate 2,020 cars, of which 927 are
$325,000 See text.
Stock, $325,000 (par $100)- - closed and 1,093 open cars; power stations, 16, with a capacity of 53,410.
150,000 Oct 1 1931
4 g A-0
First mortgage, $150,0001 1901
-P., Charles E. Cotting; Sec.
OFFICERS.-Pres., Gordon Abbott; V.
01Int. at Old Colony Tr. Co., Boston, Trustee.
($1,000), gold
Burdett; Treas., J. H. Goodspeed; Gen. Mgr., P.F. Sullivan
Everett W.
Bonds.
-Entire issue may be called on and after Oct. 1 1906 at 105 and
Gen. Auditor, D. Dana Bartlett. Executive Committee: Messrs. Gordon accrued Interest. Interest guar. by the Boston & Northern St. By. 2,
Abbott, Charles Francis Adams 2d, E. N. Foss, Percy Parker, Philip L.
ROAD.
-Operates 15.52 miles of track.
Saltonstall, Charles E. Cotting and Philip Dexter. Office, 84 State St.,
Boston. V. 83, p. 626, 818, 1411, 1467: V. 84, p. 51: V.85, p. 531, 1210,
(e) WInnisimmet (Street) RR.
1339, 1457, 1677. 1646.
-Owns 2.06 miles of track. Leased to the Lynn &
ORGANIZATION.
-(See Map on p.13.)
(1) Boston & Northern Street Ry.-An electric road.
Boston for 999 years from 1880 at $3,000 per annum. Capital stock is $50,-This was the Lynn de Boston RR., but on July 23 000; par $30. Dividends in 1894 to 1907 inclusive, 6% per annum.
ORGANIZATION.
1901 name changed to present title. The Lynn & Boston RR, was incor(2) Old Colony Street Ry.-(See Map page 13).-A trolley road.
porated under laws of Mass. April 6 1859. In 1900 absorbed the Gloucester
St. Ry.(which, Jan. 18 1900, had absorbed the Rockport St. Ry.) and the
ORGANIZATION.
-This was formerly known as the Brockton Street
Stoneham St.Ry., which latter, on Dec.31 1899, had absorbed Railway, but on Feb. 15 1901 name was changed as above. The Brockton
Wakefield &
the Woburn & Reading, the Salem& Wakefield, the Mystic Valley and the Street By. was a consolidation of the Broctkon Street By., East Side
Reading Fc Lowell. In April 1901 acquired the Beverly & Danvers. In Brockton & Holbrook and Whitman Street companies. In 1900 was conMay 1901 absorbed the Lowell Lawrence & Haverhill and the North Wo- solidated with the Boston Milton F0 Brockton, the Brockton Bridgewater &
burn. The Lowell Lawrence do Haverhill had in Nov. 1900 been consoli- Taunton, the Brockton & East Bridgewater and the Taunton & Brockton.
dated with the Lowell & Suburban, and the latter had previously received Subsequently was also consolidated with the Quincy & Boston and the New
authority to lease the Nashua St. By. On Mch. 2 1903 absorbed the Bedford Middleborough & Brockton.
Gloucester Se Rockport St. By., previously leased.
In Nov. 1900 Mass. RR. Commissioners approved proposition to purchase
In June 1903 recelved permission to issue stock in exchange, share for the South Shore & Boston and the West Roxbury & Roslindale. The South
share, for Middleton & Danv. stock and for Law. & Read St. Ry. stock. Shore & Boston comprised the Braintree & Weymouth Street By., the
The Middleton & Danvers had previously absorbed the Haverhill & Ando- Bridgewater Whitman & Rockland, the Hingham Street By. (the latter
ver St. By. and the Lawrence & Reading had absorbed the Reading Wake- being a consolidation of the Hingham,the Hull and the Nantasket Electric)
field & Lynnfield St. By. In Sept. 1906 exchanged its stock for stock of the Hanover Street By. and the Rockland & Abington Street By. The West
the Georgetown Rowley & Ipswich St. By. and the Lowell & Boston St. By Roxbury & Roslindale St. By. had previously absorbed the Norfolk SubV.83, p.818. In Jan. 1907 RR.Commissioners granted permission to issue urban, the Norfolk Central and the Needham & Boston.
$300.000 additional stock for additions and improvements. V.84, p. 51.
In Jan. 1901 also received authority to acquire the Globe St. By.(after the
In Nov. 1907 RR. Commission granted permission to issue 5410,000 Globe St. By. had first absorbed the Dighton Somerset & Swansea St. By.
,
additional ref. mtge. bonds, which will make total of these bonds out- the Taunton St. By. and the Providence & Taunton). On July 1 1901
standing $2,586,000.
leased the Newport & Fall River Street By.
1907 obtained permission to do a freight business in a majority of the
$200,000,
In
In Nov. 1907 RR. C. tnmission granted permission to Issue
towns along Its line.
additi 'nal ref. mt(re. bonds.which will make amount outstanding $3,092,000.
Interest. Outstanding. Last My.,,tc
-In 1903 the Boston Elevated By. leased all this company's track
Lease.
STOCK AND BONDS- Date.
$11,043,200 In 1907,5% in the City of Boston for 99 years. The lease provides for the payment of
Stock (par $100)
2,176,000 July 1 1954 all taxes and also 6Si % on replacement value (appraised at $353,979, less
4 g J-J
mtge, $15,000,000, gold) 1904
Ref
c*fInt. at American Trust Co., Boston, Trustee. the rental of certain short pieces of track appraised at $13,866) of propertY
($1,000)
711,000 July 1 1910 leased as of date Feb. 16 1903 and 4% on all additions and betterments.
5 J-J
Naumkeag Street By consoll 1890
-In 1907 Mass. Commission granted authority to carry
Freight rights.
(Interest at Knickerbocker Tr. Co., N. Y.
($1,000)
mtge
(Manhattan Trust Cp., N. Y., Trustee.
freight and express.




j

STREET RAILWAYS.

STOCK AND BONDSDate.
Interest. Outstanding. Maturity.
Stock (par $100)
$7,712,200 In '07, 4%
2,892,000 July 1 1954
Ref M, $10,000,000, gold
4 g J-J
($1
($1,000)
c*JInt. at Old Colony Tr. Co., Boston, Trustee.
Br'ckt'n St Ry bonds
33,000 April 1 1910
43 A-0
1890
All
Bonds, gold
15,000 Jan 1 1912
equally 1892
5 g J-J
Brockton (Consol) St
689,000 Oct 1 1924
se-11894
5 g A-0
By 1st M $750,- cured
Subject to call at 105 and interest.
000, gold
Interest at State Street Trust Co.
Boston Milton & Brockton 1899
100,000 July 1 1919
5 J-J
1st mtg bonds, $100,000_ _ Int. at Inter'l Tr. Co., Boston, Trustee.
200,000 Aug 1 1917
Br'ckt'n Bridgewater do Taun 1897
5 g F-A
lstM,g,$200,000($1,000)c• Int. at Am. Tr. Co., Boston, Trustee.
30,000 Feb 1 1918'
Brock de E Bridgewater 1st 1898
5 g F-A
M,g, $30,000
Int. at Am. Tr. Co., Boston, Trustee.
100,000 Aug 1 1917
5 F-A
Taunton & Brockton 1st 1897
mortgage, $100,000
hut, at State St. Tr. Co., Boston, Trustee.
325,000 Jan 1 1920
N Bedford M'dleboro&Brock 1900
5 g J-J
1st M,$325,000($1,000), g_ Int. at Am. Tr. Co., Boston, Trustee.
35,000 July 25 1914
6 J-J
f 1894
Braintree mortgage
IState St. Trust Co., Boston, Trustee.
Globe Street Railway Securities.
Interest. Outstanding. Maturity.
Date.
$750,000 April 1 1912
5 g A-0
1st M$750,000,gold, $1,0001 1892
c* Redeemable at 105 and int. after April 1 1902
each
Int. at Mercantile Tr. Co., Boston, Trustee.
550,000 July 1 1912
5 g J-J
Debentures, g ($1,000)____c( 1892
5 g M-S
125,000 Mch 1 1910
Debentures, g ($1,000)____ci 1894
I Int, on the Globe Street debentures is payable in New York at New York Trust Co.
5 g J-D
109,000 Dec 1 1915
Dighton Somerset & Swan) 1896
b'ds, $125,000, g s f, red }Int. at International Trust Co., Boston, Tr.
Sinking fund is $3,000 a year.
105, after June 1 '01($1,000)
350,000 Jan 1 1914
5 J-J
f 1894
Taunton St Ry 1st M
Debentures
5 M-S
1 1894
200,000 Mch 1 1914
Do
I Int.on Taunton Street Ry.bonds payable at
Am. Trust Co., mortgage trustee, Boston.
5 g M-S
150,000 Sept 1 1918
Prov. & Taunton St Ry 1st g) 1898
($1,000), author'd $200,00 f American Trust Co., Boston, Trustee.
South Shore & Boston St. Railway Securities.
Date.
Interest. Outstanding. Maturity.
Bonds, 1st M ($1,000), gold, 1899
5 F-A
$335,000 Aug 11019
$1,000,000
lInt, at American Trust Co. Boston, Trustee
Braintree & Weymouth 1st 1897
'
5 g M-S
80,000 Mch 1 1917
M, gold, $80,000
lint, at International Tr. Co., Boston,Trustee
Bridgewater Whit & Rock, 1897
5 g M-N
85,000 Nov 1 1917
1st mtg, gold, $1,000 ___c* Int. at American Trust Co., Boston.
Rockland & Abington, 1st 1895
6 g M-N
100,000 May 1 1915
mtg, $100,000, gold__ _ _c* Int. at Old Colony Tr. Co., Boston, Trustee.
West Roxbury & Roslindale St. Railway Bonds.
Date.
Interest. Oustanding. Maturity.
ist M,$150,000, g,s f ($500),1 1896 5 g M-S
$137,500 Sept 1 1916
red at 103 afterSep 1 '01_c*jInt. at Internat. Trust Co. Boston, Trustee.
Norfolk Central 1st mtg,f 1898
41,500 July 1 1918
5 g J-J
gold. $100,000
(Subject to call after July 1 1903.)
Lint. at Internat. Trust Co. Boston, Trustee.
Norfolk Suburban, 1st mort-1 1894
59%000 July
5 J-J
1914
gage
fInt. at Internat. Tr. Co., Boston, Trustee.
Bonds.
-Of the new $10,000,000 Old Colony Street Ry.
'mortgage, $4,609.500 are reserved for prior liens. These bonds are not subject to call.
-Rate 1892 to 1898 inclusive was 6%;in 1899, 8%;in 1900,
Dividends.
8 %: In 1901, 6%; in 1902, 5 %;in 1903, 5%; In 1904, 3%;in 1905, 2%
1,1 1906, 2%; In 1907, 4%.
--Consolidated system operates 353.308 m, main and 2d main line
ROAD.
(Including the Newport & Fair/River St. Ry.) and 396.615 miles of track
(which includes track leased to Boston "L"), comprising the lines of the
Maas. Electric Companies south of Boston.
REPORT of consolidated companies (including Newport & Fall River)
for year ending Sept. 30 1907, gross, $2,781,955; net, $994,355; other Income, $124,708; charges, $714,792; dividends, $308,488 (4%); surplus.
$95,783. V. 81, p. 1846; V. 82, p. 870.
(a) Newport & Fall River Street Ry.
Has been consolidated with Newport Street Ry. and Newport Illuminating Co.: embraces 20.59 m.of track in and between Newport and Fall River;
also electric lighting. Was leased on July 1 1901 for 99 years to the Old
Colony Street By. for a rental of 6% per annum and interest on bonds.
The Mass. Elec. Companies disposed of its holdings in Feb. 1902.
STOCK, BONDS, ETC.- Date.
Outstanding. Maturity.
Interest
Stock, par $100
J-J
$900,000 See text.
Newport & Fall River 1st1 1898
240,000 Aug 1 1918
5 F-A
mortgage
American Trust Co., Boston, Trustee.
Consol mortgage, $1,000,000, 1904
477,000 July 1 1954
4 Yi J-J
c*dcr Int. at Am. Trust Co., Boston, Trustee.
gold ($1,000)
Newport St Ry 1st M, $50,- 1890
5 J-D
50,000 Dec 1 1910
000 ($500)
c Interest at the Indust. Trust Co., Prov., R.I.
6g
New Ill Co 2d mtg, gold ______
63,500 Oct 1 1925
Bonds.
-Of the new mortgage for $1,000,000, $354,000 are reserved to
retire prior Bens and $160,000 are reserved for future additions at 50%
of cost. Not redeemable. V. 70, p. 213, 501, 1462.
EARNINGS of the Old Colony St. By. from operation of the Newport
& Fall River St. By. for year ending June 30 1907 were: Gross, $257,067;
net, $116,751; charges, $44,374; surplus, $72,377.-V. 56, p. 1249;
V. 70, p. 213, 501, 1462; V. 86, p.421.
BOSTON & WORCESTER ELECTRIC COMPANIES.
ORGANIZATION.
-This is.a voluntary association organized under a
trust agreement dated Dec. 29 1902. Its property consists of the capital
stock and $300,000 "note payable" of the Boston & Worcester Street By.
It has issued 33,936 4% cumulative preferred shares and 34,614 common
shares, no par value; but in case of liquidation preferred shares receive $100
each before the participation of common. In Jan. 1905 was listed on Boston Stock Exchange. Stock was increased to present amount by the issue
In July 1906 of 6,000 shares common and 6,000 pref., which was offered to
shareholders at $105 for a block of $100 pref. plus $100 corn.
-For year to Sept. 30 1907 dividends received from 13. & W.
REPORT.
St. By. stock, $103,494; miscellaneous income, $36,060; total income,
$139,554; expenses, $2,153: dividends, $135,744; surplus, $1,657.
DIVIDENDS.
-First city. on pref. stock, $2, paid July 1 1904; $2 Jan.
1905 and $2 July 1 1905. In 1906, $4. In 1907, Jan., $2. In 1908,
Jan., $2.
-P., Arthur E. Childs; Sec. and
OFFICERS.-Pres., James F. Shaw; V.
Treas., George A. Butman.-V. 83,p. 36, 154;V. 84, p. 101; V.85,p.1458.
-Trolley.
(1) Boston & Worcester Street RY.
ORGANIZATION.
-Incorporated in Massachusetts on Nov. 16 1901.
Franchise perpetual. Owns a double-track line between Boston and Worcester and has purchased all franchises and property of the Framingham Union
St. By., Framingham Southborough do Marlborough St. By. and the Marlborough & Framingham St. By. In March 1907 Mass. RR. Commission
granted right to do an express and freight business over entre line. In.
Oct. 1007 RR. Commission authorized Issue of $300,000 additional stock
(V. 85, p. 1143) and in Nov. 1907 $300,000 additional bonds to provide
for floating debt(V.85, p. 1268), both included in outstanding totals below.
Interest. Outstanding. Maturity.
STOCK AND BONDSDate.
$2,025,000 Jan'08, 3%
Stock,($100)
J-J
Bost & Wor lst mortgage,$2,-1 1903 43'4 g F-A 1,910,000 Aug 1 1923
500,000, gold ($1,000) _ _c* jInterest at American Trust Co., Boa., Trus47,000
Pram Union 1st mortgage_
5
1909
60,000 Jan 1 1919
Pram So & Marl 1st mtg ----{ 5
Interest at American Trust Co., Bos., Trus.
*1,062,204
Notes payable Oct 1 1907
*Includes $600,000 notes payable held by B. do W. Electric Cos. which
have since been reduced to $300,000 by new issue of $300,000 stock mentioned above. Also includes $462,205 notes held by banks, to retire which
the $300,000 additional bonds above mentioned were authorized.
Dividends.
-Paid 3% July 1904; in 1005, 6%;in 1906,6%;in 1907, 6%
REPORT.
-For year ending Sept. 30 1907: Gross, $531,560; net, $258,196; charges, $151,662; dividends, $103,500; surplus, $3,034.




15

ROAD.
-Owns and operates 78% miles of track, a considerable portion
over private right of way, between Boston & Worcester. Rails, 75-1b.
Has 77 cars.
OFFICERS.-Pres., James F. Shaw; V.
-P., H. Fisher Eldredge; Sec.
and Treas., Geo. A. Butman.-V. 81, p. 1722; V. 85, p. 220, 863, 1143,
1268, 1338, 1458.

BOWLING GREEN, OHIO.
LAKE ERIE BOWLING GREEN & NAPOLEON RY.-A trolley road.
ORGANIZATION.
-Incorporated in Ohio in 1902.
STOCK AND BONDSDate,
Interest. Outstanding. Maturity.
Common, $750,000, ($100)
$365,000
Pref, $250,000,($100)6% n-c_
250,000
1st M, $1,000,000, gold ($5001 1903
5 g M-N
231,000 Nov 1, 1933
and $1,000)
I Int. at Union Tr. Co., Detroit, Trustee.
Bonds.
-$756,500 bonds are reserved for extensions at $17,000 per mile
and $12,500 in company's treasury. No sinking fund and bonds are not
subject to call.
EARNINGS.
-For year ending Dec. 31 1905, gross, $51,834; net, $18,335; fixed charges, $10,084; surplus, $8,251.
ROAD.
-Operates 20 miles of track between Bowling Green, 0., and
Woodville; 40 miles additional projected, of which 4-5 mile completed and
right of way secured for about 12 miles. Standard gauge, 60-lb. T rail.
Connects at Bowling Green with the Toledo Bowling Green & Southern
Traction Co., at Pemberville with the Toledo Fostoria & Findlay By. and
at Woodville with the Lake Shore Elec. Ry. Furnishes electric light and
power at Bowling Green, as well as hot water heating.
OFFICERS.-Pres., John R. Jones; V.
-P. and Gen. Mgr., E. H. McKnight; Sec. and Treas., Chas. H. Draper.
-V. 78, p. 769.

BRATTLEBORO, VT.

TWIN STATES GAS & ELECTRIC CO.
ORGANIZATION.
-Incorporated in Connecticut on Aug. 26 1906 and
acquired the Brattleboro Street By., the Brattleboro Gas Light Co. and the
Dover Gas Light Co. V. 83, p. 562. Control is held by the National
Light. Heat de Power Co.
STOCK AND BONDSDate.
Interest. Outstanding. Maturity.
Common, $1,500,000, ($100) $1,250,000
Preferred, $250,000 ($100) ___ _
150,000
1st and ref M, $1,500,000, g 1906
4)4 g A-0
557,500 Oct 1 ma
($500 and $1,000)
'
Int. at Knickerbocker Tr. Co., N.Y., Trustee
Dover Gas Light con mort- 1905
5
175,000 Sept 1 1925
gage, $500,000
Union Safe Dep. & Trust Co., Trustee.
Union Gas & Elec, mortgage, 1897
250,000
Union Safe Dep. & Trust Co., Trustee.
Brattleboro Gas L Co mtg_ __ 1903
5
75,000 Feb 2 1923
Bonds.
-01 the $1,500,000 new bonds, $500,000 are reserved for prior
liens and $442,500 for acquisitions, extensions and improvements. No
sinking fund and bonds are not subject to call.
ROAD.
-Operates 5 miles of track in Brattleboro, In addition to gas and
electric-light plants in Brattleboro, Vt., and Dover, N. H.
OFFICERS.-Pres., William M. Wherry; V.
-P., Wm. C. Pratt; See.
and Treas., Soo. D. Martin.
-V. 83, p. 499.

BRISTOL, CONN.
BRISTOL & PLAINVILLE TRAMWAY CO.
-A trolley road. Also
furnishes electric light and gas.
ORGANIZATION.
-Organized Sept. 21 1893. A gas plant was completed in 1906. Franchises perpetual. In August 1096 a majority of the
stock was pooled for 5 years.
STOCK AND BONDSDate.
Interest. Outstanding.
Maturity.
Stock. $1 ,000 moo ($14)'))
$250,000 1906-07,6%
1st mortgage, $500,000, gold; 1905 4;i g M-N
340,000 Nov 1 1945
($500 and $1,000)
i Interest at Bristol National Bank, Bristol.
(Treasurer of State of Connecticut, Trustee.
Bonds.
-Are subject to call after 5 years at 102; after 10 years at par.
-For years ending June 30.
EARNINGS.
Hallway Gs &Elec. Inttrest
Railway
YearGross.
Lta.. Nit. &Taxes. Dividends. Balance.
.Vt.(t.
1907
:84,860
:35,043
$25,781
$22,934
$15,000
$22,890
1906
71,761
26,908
21,407
22,324
12,000
13,991
-Operates about 13 miles of track laid with 56 and 60-lb. T rail.
ROAD.
from Bristol to Plainville, with branch to Lake Compounce and to Terryville. Standard gauge, 28 cars and 3 snow plows.
OFFICERS.-Pres., Miles L. Peck; V.
-P. N. E. Pierce; Sec. and Treas.,
M. L. Tiffany; Gen. Man., G. E. Cockings.-V. 81, p. 776.

BRISTOL, TENN.
BRISTOL OAS & ELECTRIC CO.
-Trolley, gas and electric light.
ORGANIZATION.
-Incorporated in N. Y. to consolidate the Bristol
Gas & Electric Co. (Va.) and Bristol Belt Line By. Co., all the stock and
bonds of which company it acquired. Franchises are perpetual.
STOCK AND BONDSDate.
Interest. Outstanding. Maturity.
Stock, $300,000 ($100)
$248,500
1st mortgage, $375,000, goldl 1903
5 g: J-J
263,000
Jan 1923
($500 and $1,000)
c&rjInterest at Metropolitan Tr. Co., N.Y.,Trus.
Bonds are subject to call on any interest day at 110 and interest.
EARNINGS.
-For year ending Dec. 31 1907 for both Bristol Gas
Electric Co. and Bristol Belt Line Ry., gross, $70,142; net, $24,241; fixed
charges, $13 1326; surplus, $10,615.
ROAD.
-Operates about 434 miles of track.
OFFICER .-Pres., B. L. Dulaney, Bristol; V.
-P., C. B. Hobbs, New
York; Sec. and Treas., C. H. St. John, Bristol: Supt. and Pur. Agt., S. M.
Vance, Bristol.
-V. 77, p. 1748; V. 83, p. 627.

BROOKLYN, N. Y.
BROOKLYN RAPID TRANSIT-(See Map, page 16)
ORGANIZATION.
-Organized Jan. 18 1896, per plan In "Chronicle,
V. 60, p. 1145, to succeed to the property of the old Long Island Traction
Company foreclosed: syndicate headed by the late ex-Goventtor Flower
having then bought control. Is not a railroad 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. Franchises are perpetual.
-The following is a statement of the stocks and busses owned
ASSETS.
by the Brooklyn Rapid Transit system Feb. 1 1908.
Stocks
Entire capital stock Brooklyn Heights RR. Co. (par)
$200,000
Entire capital stotk Bkln. Q'ns Co. & Suburban RR. Co. (par)'_ 2,000,000
Entire stock Sea Beach By. Co., par value
650.000
Entire issue of the corn. stock of the Nas. Elec. RR. Co., par
1,500,000
63,672.75 shares out of 65,000 shares of the 4% cumulative pref.
stock of Nassau Elec. RR. Co., par
5,367,275
47,859.85 shares out of 50,000 shares of the 5% non-cumulative
pref. stock of the Brooklyn Union Elev. RR. Co., par
4,715,985
125,308.31 shares out of 130,000 shares of the common stock
of tile Brooklyn Union Elevated RR. Co., par
12,530,831
Entire capital stock of Coney Island do Gravesend By. Co. out.
standing, par
350,000
1,462.28 shares Brooklyn Rapid Transit Co., par
146,228
Entire capital stock of South Brooklyn By
500,000
9,800 shares out of 10,000 of the American Railway Traffic Co
980,000
Entire capital stock of the Transit Development Co
1100,000
Entire stock of the Canarsie RR. Co. (owned by the Transit
Development Co.)
250,000
500 shares of the Bridge Operating Co
50,000
137.810,310
Bonds
*1st M 5% bonds Bklyn. Queens Co. 8c Sub. RR.(par)
$2,000,000
1st con. M 131dyn. Q'ns Co.& Sub.(owned by Bkiyn. H ts Co.)...
50,000
*1st mortgage 5% bonds Brooklyn City RR. (par)
1,627,000
Refunding gold mtge., 4%, Brooklyn City RR
400,000
Gold 5% bonds Brooklyn Rapid Transit
30,000
Ref mtg 4% bonds Brooklyn Rapid Transit Co
4,124,000
2d mtg 5% bonds Brooklyn Bath dc West End Ry
1,000
Consol mtg 4% bonds Sea Beach By
22.500
$8,754,500
*Composing guaranty fund for performance of Brooklyn City RR. Co.'s
lease.

MAP OF THE

BROOKLYN RAPID TRANSIT CO.
SYSTEM.
SURFACE AND ELEVATED LINE.S
AND FRANCHISES.
Surface Railroads shown thus
"
Elevated
Franchises shown thus-------............

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PEB., 1008.1

STREET RAILWAYS.

17

Maturity. Ann.chat's.
STOCK AND BONDS. Outstand'g. Interest.
lease dated Feb. 14
The Brooklyn City RR. Co. is held under a 999-year
expenses, taxes and 10% Atlantic Avenue (Conch.)
$2,600
June 1 1911
$52,000 5 J-D
1893. guaranteeing all fixed charges, organization
c B B & W E 2d mortt
is nominally to the Brooklyn
dividend on 112.000,000 of stock. The lease
J Title Guarantee & Trust Co., Trustee.
gage
entire cap6,050
RR. Co., but the Brooklyn Rapid Transit Co. owns the Company
Oct 1 1933
Heights
121,000 5 g A-0
B B & W E general
the Heights
ital stock of the Brooklyn Heights Co. In 1898
J -Franklin Trust Co., Brooklyn, Trustee.
gold 1893
Suburban RR. The lease was released the Brooklyn Queens County & charges, taxes and organization exTotal Interest charges (on above $88,506,000 of funded debt
newed year by year, rental being fixed
$3,947,220
separately again.
outstanding)
penses. On July 1 1901 the 13. Q. C. & S. began operating the Nassau ElecRental payments in addition to payment of fixed charges—
On April 1 1899 the Heights Company temporarily leased 30 1004 presuma- Brooklyn City RR stock $12,000,000 10% Q-J 15, 999 years
$1,200,000
permanent leases were made, but on June
tric RR. Later
40,000
the issuance of Prospect Park & Coney Island RR., Yearly rental
bly in consequence of a decision (V. 79, p. 102) compelling
canceled.
Note.—In addition to the amount given above, rental Is paid to the
transfers, the lease of the Nassau Electric RR. wasauthorized a new mortBrooklyn Union Elevated RR., but as the Brooklyn Rapid Transit Co. owns
of Brooklyn City RR. July 10 1906
Stockholders
1437.
stock of that company, we omit the figures from the table.
gage for $6,925,000 to provide for refunding. V. 82. p. Also see V. 82 nearly all the
• Subject to call July I 1916.
For decisions as to transfers, see V. 79, p. 2204, 2587.
the Appellate Division of the Supreme Court in
b Subject to call at any time.
a Subject to call in 1916.
p. 1323. In Aug. 1907
collected for refusal
13rooklyn held that cumulative penalties could not betransfer system was
c Atlantic Avenue general mortgage 5s of 1931 were subject to call in
1909, but many of them (how many Is not known) have been stamped
issue transfers—see V. 85, p. 404. In June 1906
to
82, p. 1101.
them from the liability to call.
greatly extended. For decision as to expired franchises, see V.
fare to Coney releasingCentral Trust Co. of New York was trustee of this mortgage until
d The
In Aug. 1906 the company's right to charge a 10-centThe matter was
was disputed and riotous proceedings resulted.
Oct. 1903, when the Colonial Trust Co. (since consolidated with the Trust
Island
a rebate check for the extra Co. of America) was substituted.
finally settled by the company agreeing to give
Appeals decided ad
fare, the money to he refunded in case the Court of The decision of that
x Entire amount owned by Brooklyn Rapid Transit Co.
versely to company. See V 82, p. 379,435, 686.
Stock.—Brooklyn Rapid Transit stock authorized Is $45,000,000; issued
the legality of
Court in Jan. 1907 sustained the company's contention as to
$45,000,000. The stock was formerly held in a voting trust, but this terIn the owners of the shares.
the 10-cent fare. See V. 84, p. 101.
of 999 years minated Jan. 1 1900. and control is now vested
The Brooklyn Heights RR.in April 1899 leased for the period latter), the
In the reorganization of Long Island Traction the old $30,000,000 stock
the
the Prospect Park & Coney Island RR. (see terms under South Brooklyn paid an assessment of $10 per $100 share, the old stock being reduced to
New York & Coney Island RR. and the Prospect Park & March 1907 to $20,000,000, and $7,000,000 of 5% bonds being authorized, against
RR., but the leases of these companies were assigned in
in Feb. 1902. $3,000,000 of Long Island Traction.
South Brooklyn Rwy., which had been acquired by purchase
Interest on Bonds, Where Payable.—Interest on the. Brooklyn Rapid
double-track road
V. 74, p. 479. The South Brooklyn Rwy. owns the Brooklyn, to 38th Transit mortgage of 1902 for $150,000,000 and the two Elevated issues Is
38th St.,
T. issue
(1 ;.6 miles) extending from New York Bay, near
stock from payable at the Central Trust Co.; on the B. R.refundingof 1895 at the
its
bonds at comSt. near 9th Ave. Bklyn, and In June 1907 Increased
Trust Co. of America: on the Brooklyn City RR.
Including Atlantic Avenue and
$15'0.000 to 5500,060.
the road of the Brook- pany's office: on the Nassau Electric bonds, on the Brooklyn Heights first
In Nov. 1905 purchased at foreclosure for $262,000
to Cenarsie, West End issues, at the Trust Co. of America;
York
lyn & Rockaway Beach RR., 331 miles, from East New capital, to operate mortgage at the People's Trust Co., Brooklyn; on the Brooklyn Queens
Brooklyn first mortgage
and later organized the Canarsie RR. Co., with $250,000
company is owned by County & Suburban mortgages and the Jamaica &Sea Beach first mortgage
the road. V. 82, p. 1155. The entire stock of this
service from the at the First National Bank, Brooklyn: and on the
the Transit Development Co. Through elevated train
Heights RR. office.
instituted July 30 1906. V.83, p.271. at the Brooklyn $150,000,000.—Stockholders authorized March 20 1902
Williamsburg Bridge to Canalise was
Mortgage for
an agreeOn May 21 1904 the Brooklyn Heights Railroad Co. signed new Wil- first refunding 4% gold convertible bonds for $150,000,000. $60,the
ment with the city for operation of, trolley cars over Bridge Operat- 936,000 is intended to retire an the existing bonds of the system (including
2386. Later the
liamsburg Bridge. See V. 78, P. 2013.
bridge lines. See the $7,000,000 Brooklyn Transit 5s), and the rest for improvements,
ing Co. was formed, with $100,000 capital, to operate the
In Nov. 1904. additions and new acquisitions, as needed from time to time. The mortgage
V. 79, p. 826. Surface cars began running across this bridge
proceeds be at all times
additional contract for the op- provides that a fund of $5,000,000 in bonds or their mentioned. See V. 74
V. 79, p. 2084. On April 26 1907 made an
from at the disposal of the company for the purposes
eration of elevated service. Contract for constructing the connection
p. 377. As this fund is reduced for any of the purposes authorized. more
structure has been given.
Broadway Elevated to bridge
for per- bonds may be authenticated by trustee and delivered to the company on
In Oct. 1907 application was made to Public Service Commission
extension its order. These bonds can be converted into stock, par for par, after July 1
mission to build a four-track elevated road along Flatbush Ave. of addi- 1904 and before July 1 1914, and are subject to call on any interest day
plans include construction
to Manhattan Bridge. In addition
will until year 2,000 at 110 and interest: after that at par and interest. See
of securities pledged
tional elevated tracks to connect with Myrtle Ave. line. Extensions
listing applications in V. 81, p. 1856, 1857, for list517; V. 83, p. 1122;
ccst about $8,000,000. V. 85, p. 1082.
V. 82, P.
in April 1903 under the for the bonds; also listing applications In
The Transit Development Co. was organized
1523.
exclusively V. 85. P.
Business Corporation law, with $25,000 capital, and Is owned
Bonds.—Of the 57,000.000 50-year gold 58 of the Brooklyn Rapid
to
in the Interest of the Brooklyn Rapid Transit Co. It is authorized On Transit, $3,000,000 went to stockholders for the assessment. For descrip
work.
V. 62, p. 1138. See also
manufacture and sell power and to do general contracting
concern furnishes tion of property covered by the mortgage, see
March 1 1907 special arrangement was made by which theof all the railway application In V. 67, p. 904.
and is a
power and takes charge of the maintenance and repair
City RR. mortgage of 1891 is for $6,000.000 the lines first lien
equiptheir
Brooklyn
acquired
properties in the Brooklyn Rapid Transit system, Including to $500,00 ,. on the old Brooklyn City road and a consolidated lien on
increased
$4,373,000 are in the
ment. V. 84,P. 569. In June 1907 capital stock was
handling company, was by consolidation in 1890. Of the $6,000,000 issued, guaranty fund. The
The American Railway Traffic Co., a freightand the balance is held in the
of which $980,000 hands of the public
after July I 1915
incorporated in Jan. 1904 with a capital of $1,000,000,
isrooklyn City RR. refunding mortgage Is subject to call
is owned by the Transit Development Co.
RR.—At an investigation by the at 110 and interest.
Division of Territory wilts Long Island It developed that on April 1 1899
issue of first consolidated mortgage gold 5s of the
The total authorized
51,616,Public Service CAnmission in Nov. 1907
with the Long Island Brooklyn Queens County & Suburban RR. Is $4,500,000, of which Of the
an "agreement of alliance" had been entered into
territory" is described as 000 are reserved for extensions, on which they will be a first lien.
RR. for division of territory. "Long Island Nassau and Suffolk, while $2,884,000 outstanding, $2.255.000 in 1898 were endorsed with the guaranty
part of Queens C'unty and the counties of
part of Queens. of the Brooklyn Heights RR. Co. as to principal and interest, and in Jan
"Transit territory" Includes all of Kings County and Point, Flushing. 1899 provision was made for guaranteeing the remainder of the payment of
Besides this, there is neutral territory consisting of College
neither may enter $10 per bond. Both B. Q. C. & S. loans are subject to call in 1916.
Jamaica and the islands in Jamaica Bay, into which
The Sea Beach By. 1st 48 also are guaranteed as to principal and Interest
without the consent of the other.
of the Court of by the Brooklyn Rapid Transit Co. V. 65, p. 1219.
Re-Classification of System Lines.—Owing to the opinion Heights RR. to
The Nassau Electric bonds are guaranteed (by endorsement on each bond
Appeals in Its decision upholding the right of the Brooklyn
Article IV of the by the Brooklyn Heights RR. Besides covering the mileage directly owned
charge 10 cents fare to Coney Island, to the effect thatand that different they are a lien by a supplemental agreement upon the stock of the Coney
Railroad Law relates only .to street surface railroads a re-classification Island & Gravesend By. and the Sea Beach Ry. and will become a direct
provisions govern elevated and steam surface railroads,
the functhese lines should the latter become merged in the Nassau Electric.
of the roads of the system was made in March 1007 so as to limit railroad. lien on total of $15,000,000 bonds authorized, the unissued remainder is reof
tions of each railroad to the operation of its own character the elevated Of the for prior liens. See listing application In V. 72, p. 342.
served
now operates only
Total
Sidings,
2d
Accordingly the Brooklyn Union Elevated
of that
MILEAGE.—The system includes:, 1st
dec.
roads, while the steam surface railroad corporations operate roads surface
Track.
Track.
street
Name—
1.152
.184
.465
character and the street surface railroad corporations operate
.503
of the Brooklyn Union Brooklyn Heights RR
23.880 229.057
roads only. As part of this arrangement the leases Brooklyn By. to the Brooklyn City RR
104.758 100.419
57.313
3.401
Elevated RR. the Sea Beach BY. and the South of the Prospect Park Brooklyn Queens Co. & Suburban RR. 27.302
26.610
terminated. The leases
7.429 132.815
Brooklyn Heights RR. were
62.272
63.114
the Prospect Nassau Electric RR
14.19$
1.753
& Coney Island Ry., the New York & Coney Island By..
6.221
6.221
Brooklyn By. Sea Beach Railway
6.794
.348
Park & South Brooklyn By. were assigned to the South
3.192
3.254
Coney Island & Gravesend Ry
6.039
3.301
V. 84, p. 589.
1.369
1.369
Brooklyn Railway
South
25.679
8.889
7.508
Companies to Secure Advances by Brooklyn Rapid Prospect Park & Coney Island RR_
9.273
Mortgages of Constituent
mortgages to
Transti.—In May1907 theseveral constituent companies made the Brooklyn Brooklyn Union Elevated RR.—
64.951
9.665
27.643
27.643
secure certificates of Indebtedness issued by those companies to , &c. The
Elevated lines
19.472
3.654
7.909
7.909
Rapid Transit for moneys advanced for additions, betterments , the NasSurface lines
Brooklyn Union Elevated authorized a mortgage for $20,000,000 Canarsie Canarste RR.—
1.474
.737
.737
Electric for $5,000.000, the Sea Beach By. Ter $2.000.000. the
sau
Elevated lines
for $4,000,000. No bonds
5.549
.719
2.415
2.415
RR. for $2,000,000 and the South Brooklynwhich are created simply to
Surface lines
3.608
1.00
1.30
1.30
will be issued under any of these mortgages,
York & Brooklyn Bridge RR
time to time. The New
2.40
1.204
1.204
secure the certificates of indebtedness as issued from deposited under the Trackage on N. Y. & Bklyn. Bridge
4.449
2.220
2.220
certificates cannot be issued at less than par and are
Trackage on C. I. & Brooklyn RR
1550.
.344
3.592
1.624
Bklyn Rapid Transit first refunding mortgage. V. 84, p. 1181, 1246,
on WIlliamsburgh Bridge_ 1.624
Trackage
—
--SECURITIES OUTSTANDING.
64.567 578.521
260.846 253.108
Total miles operated
942;
Maturity. Ann. chges.
Interest.
STOCK AND BONDS. Outstand'g.
EQUIPMENT, June 30 1907.—Closed cars, 1,127; open cars, 459
1,224; mall, freight, snow-plows, sweepers. &c.,
Stock $45,000,000 ($100)445,000,000
July 1 2002 $1,162,280 combination cars,
Brook Rap Tr first ref) 29,057,000 4 g J-J
—total, 3,754. Locomotives, 9.
85, p. 919.
Central Trust Co., New York, Trustee.
mtge(1902) *150,000,REPORT.—The annual report for 1906-07 will be found In V.
c•&r Coupon bonds, $1,000; registered, $1,000, 55,000.
000 gold
350,000 INCOME ACCOUNT BROOKLYN RAPID TRANSIT AND CONSTITU
Oct 1 1945
ENDING JUNE 30.
Brook Rap Tr gold M1 7,000,000 5 g A-0 of Amer., N. Y.,Trustee.
ENT COMPANIES—YEAR
1904-05.
1895 $7,000,000_ _ _c•J d Interest at Trust Co.
Receipts—
Brooklyn City RR—
$18,443,983 $17,588,721 $15,649,401
x16,000 Passengers
Aug 1 1956
x400,000 4 g F-A
219,641
309,555
Refund mtge 1906 $6,-1
349,539
Freight, mall and express
'Long Island Loan dc Trust Co., 13klyn., Trustee.
123,511
145,808
925,000 ($1,000)
148,44
300,000 Advertising
1 1941
aJuly
340,892
431,244
First consol M 1891_ __ 6,000,000 5 J-J
439,641
10,000 American By. Traffic Co
July 1 1908
200,000 5 J-J
181,246
156,959
Brooklyn Crosst 1st M.
194,356
9,000 Rents
July 1 1941
200,000 4 ti F-A
90,890
166,977
New W & Flat 1st Si_ _
360,810
7,500 Other miscellaneous Income
May 1 1910
125,000 6 M-N
G & Lorimer 1st M____
12,500
April 1 1941
250,000 5 A-0
Brooklyn Heights Rftl
$19,936,753 $18,797,264 216,586,580
Total
Trust Co., Brooklyn, Trustee,
first mortgage 1891.. _i People's
Expenses—
175,000
*July 1 1941
3,500,000 5 g J-J
$816,276
$815,147
Brook Queens Co & Sub
$860,075
Maintenance of way
Guaranty Trust Co., New York, Trustee.
first mortgage 1894
1,655,623
1,642,799
1,786,73I
144,200 Maintenance of equipment
2,884,000 5 g M-N 'July 1 1941
1,421,386
First cons M guar p& 1
1,609,534
1,615,400
plant
of power
.
3,917,803
4,251,337
(end.)54,500,000 941 Central Trust Co., New York, Trustee.12,000 Operation of cars
4,793,821
Operation
Jan 1 1930
240,000 5 g J-J
552.068
Jam & B RR first
643,899
603,289
General expenses
Central Trust Co., New York, Trustee.
999,527
mortgage 1889_
1,126,248
973,104
26,000 Damages and legal expenses
Sept 1 1916
650,000 4 g M-S
139.515
Sea Beach By first mort
203,962
233,667
W.0. Platt & Wm. Man, Trust. Freight, mall and express expenses
W. M. Grinnell.
301,673
guaranteed 1896
342,205
365,h63
By. Traffic Co. expenses
800,000 American
Feb 1 1950
927,951
Brooklyn Union Elev 1st 16,000,000 5 g F-A
882,862
893,782
Taxes
mortgage 1899, guar_ Interest at Central Trust Co., N. Y., Trustee.
280,000
Aug 1 1949
7,000,000 4 g F-A
Kings Co Elev first mort
$12,359,486 $11,324,240 $10,631,821
Total
$7,000,000 gold ($1,- Interest at Central Trust Co., N. Y., Trustee.
c1
*5,053,759
000) guar 1899
$7,473,024
$7,577,287
429,040 Net earnings
Jan 1 1951
4,350,540
4,730,072
Nassau El RR Co cons M 10,726,000 4 g J-J
5,132,604
Fixed charges (net)
bonds ($1,000) c•400 Guaranty Trust Co., New York, Trustee.
end by Brooklyn Heights RR.
18981 Bonds guar by
$1,603,219
$15,000,000
*2,742,952
52,444,663
Surplus
33,000
April 1 1944
660,000 5 A-0
453,285
First mortgage bondst
580,343
442,064
Special appropriations and miscel.
I Hamilton Trust Co., Brooklyn, Trustee.
1894
36,500
Oct I 1909
730,000 5 A-0
$1,149,934
$2,162.609
Atlantic Avenue first 1
$2,002,599
Balance
Brooklyn rrust Co.,'Trustee.
mortgage 1884_ _..1
OFFICERS.—Pres., Edwin W.Winter; Chairman of Board, A. N. Brady:
112,050
April 11031
Atlantic Ave general c2,241,000 5 g A-0
-P., Horace C. Du Val and T.S. Williams; Sec. and Treas., C. D. MeneelY;
V.
Brooklyn Trust Co., Trustee.
mortgage gold 1891
-P. and Gen. Mgr., J. F. Calderwood; Comptroller, Howard Abel. Offices
11,000 V.
Jan 1 1934
220,000 5 g J-J
Atlantic Ave Improv
85 Clinton St., Brooklyn.
New York, Trustee.
Central Trust Co.,
$220,000 gold 1894_
INDEX.—V. 84, p. 101, 569. 1181. 1246, 1550; V. 85. p.220, 404,862,
12,500
Jan 1 1917
250,000 5A-0
cB B & W Pi first mort
919, 1082, 1517; V. 86, p. 107, 337. 419.
Title Guarantee & Trust Co., Trustee.
See B




STREET RAILWAYS.
COMPANIES CONTROLLED BY BROOKLYN RAPID TRANSIT CO.
-Formerly a steam road, now electric.
(
1) Brooklyn Union Elevated RR.
ORGANIZATION.
-Organized on Jan. 30 1899 as successor of the
Brooklyn Elevated RR. and its allied lines per plan in V. 64, p. 609. Embraces the Kings County Elevated RR., reorganized according to plan in
V. 68, p. 724, the Sea View RR. and the Brooklyn & Brighton Beach RR.
In June 1907 the Brooklyn Rapid Transit owned $12,530,831 common
and $4,785,985 preferred stock of the Brooklyn Union Elevated
-Leased to Brooklyn Heights RR.for 999 years from July 1
Lease.
1001:
the lessee agreed 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 agreed to guarantee, principal and interest,
all bonds of the Brooklyn Union and Kings County Elevated RR. companies, the guaranty to be stamped upon the bonds upon presentation. In
Feb. 1902 began stamping bonds with guaranty. Certain days each month
are oesIn•eate f sta pin"*. See V Si. p
. In
rch 19+7 Vas was
,
terminated, but the lease guaranty remains unimpaired. See V.
84, p.
In May 1907 a 10-year mortgage for $20,000,000 was authorized569.be
to
issued from time to time for moneys advanced by the Brooklyn Rapid
Transit. V. 84, p. 1181, 1246, 1550. The mortgage simply
tificates of indebtedness given to the Brooklyn Rapid Transit secures cerand no bonds
will be issued under it.

[VOL. Lxxxvi.

STOCK AND BONDS.
Date.
Interest. Outstanding. Last div.,ecc
Stock $3,500,000 (par $100)_ _ _
.
$2,750,000 Feb 07, 2%
First consolidated mortgage) 898
1
4 g .J.--5.
Q
2,000,000 July 1 1948
$2,000,000 gold--------I' Mercantile Trust Co., New York, Trustee.
Consol mortgage 510,000.000 1904
4 g J-J
1,500,000 Jan 1 1955
gold ($1,000)eMercantileTrust Co. New York, Trustee.
5 j-j
Brooklyn City & Newtown 1889
*
Tc0uOs0t,00 July 1T 93
. 9
Co..0
1y
2
11 us.
first mortgage 52,000,000_ Interest at Mercantile
V.,
Real estate mortgages
100,700
Bonds.
-01 the new 510,000,000 bonds, $4,000,000 are reserved for prior
liens and $4,500,000 for extensions and improvements. No sinking fund
and bonds cannot be called.
•
-Brooklyn to Coney Island, with branches, 13.75 miles, BrookROAD.
lyn City & Newtown RR., main line and branches, 10.38 miles; trackage
rights, 4.99 miles; second track and sidings, 24.18 miles; total operated,
53.30 miles. 469 passenger and 18 other cars.
Beginning May 5 1901 fare to Coney Island on Sundays and holidays was
Increased from 5 to 10 cents.
DIVIDENDS.
-In 1895,6%; in 1896,5%; in 1897,6%; in 1898,
8 %•
V. 67, p. 955. In 1899, 10%; in 1900, 10%; in 1901, 13 54 %; in 1902,
16%.; in 1903, 16%; in 1904, 16%; in 1905, 10%: in 1906, 8 %; in 1907,
Feb., 2 %; May dividend passed. None since.
REPORT.
-For years ending June 30:
$1,613,724ross.
12 Mos.Net. Oth.Inc. Int.taxes,c. Bal.sur.
ct
1906-07
$384,875 $7,891 $311,722
$81,044
1905-06
1,657.140
1,657,140
463,317
6,139
307,961
161,495
S. W. Huff; 1st V.
05
-P., Louis Fitzgerald; 2dIV.-P.,
Jas. H. Hyde; Sec. and Treas., D. B. Cannon; Gen. Mgr., D. W.Sullivan.V. 80, p. 599; V. 83, P. 969; V. 84, p. 569, 626, 867, 1052, 1113; V. 85, p
599; V. 86, p. 420, 479, 480.
VAN BRUNT STREET & ERIE BASIN RR.
-A trolley road.
ORGANIZATION. &c.
-Chartered Feb. 15 1861. Stock, $200,000, all
issued; par, $10. Funded debt, 565,000. Track, 3 miles, changed
to eleccars. Gross, 1905-06, $56,877; net, $18,325; other
tricity in 1898. 15
income, $664; charges, $4,869; dividends (5%), $10,000; balance,
surplus.
$4110
02FicERs.
, ,
-Pres., John F. Murphy; Sec. and
Office, 264 Van Brunt Street, Brooklyn, N Y. Treas.. Wyllys Terry.

STOCK AND BONDSDate.
Interest. Outstanding Maturity,,kc
.
Com stock, $13,000,006,($100)_ _
$13,000,000
Pref stk, 5% n-c, 55,000,000,1
5.000,000 Dec'07,2A%
0100)
1st M, 516:000,000, g- 4, %1 1899
5 g F-A
16,000,000 Feb 11050
till'05, then 5%($1,000) _ . Interest at Central Trust Co., N. Y.,Trustee.
Kings County Elevated 1st M1 1899
4 g F-A
7,000,000
gold, $7,000,000($1,000)0jInterest at Central Trust Co., N.Aug 1 1949
Both issues of bonds are listed on N. Y. Stock Exchange. Y.,Trustee.
ROAD.
-The Brooklyn Union embraces 64.951 miles of elevated track
and 19.472 miles of surface track. Total, 84.423 miles. The New
York &
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, 426. In April 1898 an
agreement
was made with Long Island RR. providing for joint construction of
connecting line at East New York and running of through trains from Jamaica
to
Brooklyn Bridge and from Rockaway Park to Broadway ferries.
BUFFALO, N. Y.
Construction begun in Nov. 1898 and work completed in Feb. 1899. V. 67,
BUFFALO & DEPEW RY.-A trolley road.
p .1054. On May 30 1903 through service by elevated trains (not
Long
ORGANIZATION.
-Incorporated on April 27 1897, The Investment
Island RR. trains) from Broadway Ferry to Jamaica was
inaugurated;
but in Nov. 1903 the Board of Aldermen passed an ordinance prohibiting Co. of Philadelphia owns about three-fourths of the stock and the entire
the operating of electric trains on Jamaica Avenue, and the next month
.
904 the Buffalo & Rochester Ry. was
through service was discontinued.
$950 .0De95 n0with $3,000,000 capital, of which $61,000 Incorporated (V.
73 2 0 cbo l
? 20 )
p
was issued, for the
DIVIDENDS.
-The first dividend of 2% on the preferred stock was
purpose of extending line from
1903
June 29 1901; in 1902, June 30, 1%. On Dec. 31 1902, 13-4% and paid however, refused permission Depew to Rochester. TheR R.Conrissin
uffal
%
to build the road. In Oct.
the
extra. In 1903, June 30, 134%; Dec. 31. 1 %. In 1904, July 7,
114%; Rochester Traction Co. was chartered to build the road. In April 1007 perDec., 2%. In 1905. 4 %. In 1906, June, 2%:Dec.,234 %. In 1907, June, mission to build this road also
was refused by the RR. Commissiln.
23.%: Der., 2 • %
STOCK AND BONDSDate.
Interest, Outstanding. Maturity,
ANNUAL REPORT.
-Now included in Brooklyn Rapid Transit.
Stock, $350,000 ($100)-$305,000
OFFICERS.-Pres., Henry Seibert; V.
-P., T. S. Williams, V.
-P., J. F. Buff & D 1st mtge, 5350,000._ 1901
5 J-J
350,000 Jan 1 1931
Calderwood; Comp., Howard Abel; Sec. and Treas., C. D. Meneely.-V. Loans payable June 30 1907
88,400
77, p. 2389; V. 79, p. 268; V. 84, p. 1247.
NARNINGS.-Year ending June 30 1907, gross, 514,813;
deficit
(2) Nassau Electric Railroad.
-A trolley road.
operation, $6,713; fixed charges, $18,682: total deficit, $25,396. under
ORGANIZATION.
-Chartered March 13 1893 under the laws of New
ROAD.
-Operates a double-track road from Buffalo to Depew,
13.59
York. Opened in July 1895 and in April 1896 leased the Atlantic Avenue miles of track; 60-lb. rail; 5
cars.
RR., &c. As stated above, the Rapid Transit Co. owns the whole $8,500,OFFICERS.-Pres.,
000 common stock of the Nassau Electric and $6,367,275 out of the $6,- Collier. V. 79. p. 2695.Henry H. Kingston; Sec. and Treas., John J.
500,000 preferred stock.
Lease -Was formerly leased for 999 years from April 1 1900 to Brooklyn
BUFFALO & LAKE ERIE TRACTION CO.
-A trolley road.
Heights RR., but coincidently with a decision compelling the issuance of
ORGANIZATION.
-Incorporat
transfers from one leased line to another (V. 70, p. 102) the lease was ter- Dec. 1906 and is a consolidation ed in New York and Pennsylvania in
of the Hamburg Ry., the Dunkirk & Freminated on June 30 1904. Contract to pay a minimum of 4% dividends on donia RR., the Buffalo
Dunkirk & Western RR., the Lake Erie Electric
the preferred stock will, however, be fulfilled. For still another decision as Traction Co. and the Erie
Rapid Transit Co. Leases the
to transfers, see V. 82, p. 1323; also V. 85, p. 404.
Motor Co. for 999 years, which company leases the Erie City Erie Electric
Passenger By.
The assets of the Kings County Traction Co. were purchased at public ter 909 years from Oct. 1
sale in July 1898 by the syndicate conducting the consolidation. V. 67, St. By. for 999 years from 1888 and the Erie Reed Park & lakeside
March 1 1901. In Feb. 1907 absorbed the
p. 74, 125. Certificate of merger of Atlantic Avenue RR. and United RR
Theestown Chautauqua
(the latter being successor to the Brooklyn Cable Co. sold at foreclosure Jam oommon stock was4c Lake Erie By. (steam). V. 84, p. 506, 569.
increased for this purpose from $4,250,000 to
Dec. 23 1897) was filed on Jan. 28 1899. V. 88, p. 283,821.
$5,000,000.
In May 1907 a 10-year mortgage for $5,000,000 was authorized to secure
STOCK AND BONDS- Date.
certificates of indebtedness Issued from time to time to the Brooklyn Rapid
Interest. Outstanding. Maturity.
Transit for advances made for improvements. &c. No bonds will be issued Common, $5,000,000
$5,000,000
Pref, %, 82,500,000 cuml
under this mortgage. V. 84. p. 1181. 1246 1559
from July 1909
STOCK AND BONDS.
Interest. Outstanding. Maturity.
Date.
2,500,000
1st and ref mtge, $12,000,- 1906
COITIM011.stock $8,500,000_
5 g M-N
$8,500,000
4,755,000 Nov
000, p.;(51,000).....;}Interest at New York Trust Co., 1 1936
Preferred 4% cum $6,500,000_ _
M-N
6,500,000 Nov '07.2%
Trustee.
Erle El SI 1st mtge, 5200,0001 1889
Bonds.
-For details see Rapid Transitstatement above.
6 g J-J
148,000 Jan 1 1919
($1,000), gold_
c Central Trust Co., trustee. New York City.
-Owns 132.815 miles of single track.
ROAD.
Erie El M 2d mtge, $150,000 1892
•
6 g J-J
102,000 Jan 1 1919
($1,000). gold
c Central Trust Co., Trustee, New York City.
Atlantic Avenue RR. (now part of Nassau Electric) owned the double
5 g A-0
track steam road (since converted to electricity) from Jamaica to Flatbush Erie El SI 1st ref sink fund) 1901
1,000,000 April
$1,250.000, gold ($1,000).}Interest at New York Trust Co., 1 1941
Avenue Station In Brooklyn, 934 miles (19 miles of track), which is leased
Trustee,
Cannot be called__ _
.coj New York City.
for 99 years from June 1 1877 to the Long Island RR. Co. affording that
4 g M-N
company entrance Into the city of Brooklyn-rental, formerly a percentage Hamburg Ry 1st mtge, $'750,- 1906
650,000 Nov 1 1926
000, gold ($1,000)
Int. at Trust Co. of America, N. Y. Trustee.
of receipts, was changed in 1895 to $60,000 yearly. V 61, p. 828. Litigation has arisen with Long Island RR. with reference to use of Atlantic Dunkirk &Fredonia lst- mtge, 1891
5 J-J
40,000 Jay 1 1911
540,000
Frederick R. Green, Trustee.
Avenue. See V. 74, p. 1139.
Dunkirk ec Fredonia 2d mtge. 1898
5 J-J
21,000 July 1 1911
DIVIDEND.
-First div. on pref. under lease was paid Dec. 31 1000, 4%;
p21,000..
Frederick R. Green, Trustee.
Nov. 1901,4%; Nov. 1902,4%;Nov. 1903,4%;Nov. 1904,4%;Nov. 1905, Dun ec Fred ref M,___________
1902
5 g J-J
39,000 July 1 1952
4%; in 1906, May, 2%; Nov., 2%; In 1907, May, 2%; Nov., 2%.
gold ($100, $500 & $1,000)
Fidelity Trust Co., Buffalo, Trustee,
Jamestown Chautauqua &
ANNUAL REPORT.
-For year ending June 30 1907,gross,$3,167,615,
Lake Erie mtge, $750,000_ 1001
500,000 Jan 1 1951
4 J-J
net, $1,055,153; other income, $132,511; charges, $969,354; surplus,
250,000
$218,310. V. 70, p. 125, 328; V. 71, p. 1220; V. 72, p. 240, 339, 342; Jamest A: Chautauqua mtge._
Bonds.--01 the $12,000,000 new bonds, $2,100,000 are reserved to
V. 82, p. 1323.
take
up a like amount of underlying liens (not Including in this the liens on
the
(3) Prospect Park & Coney Island RR.
Jamestown Chautauqua dc Lake Erie, which road was absorbed subsequent
-A trolley road.
to the making
ORGANIZATION.
-Controlled by Long Island RR., but on June 17 int. date on or of this issue). These new bonds are subject to call on any
before Nov. 11011 at 105 and int.; thereafter at 110 and int.
4899 the Brooklyn Rapid Transit Co took possession under a lease for 999 Interest on
the 1st and 2d mtges. of the Erie 1.1ectric Motor Co. Is paid by
years to the Brooklyn Heights RR. and equipped the road electrically. Kountze
Bros., New York, The Erie Electric Motor ref. bonds are secured
(V. 68. p. 1224; V. 69, p. 854.) In March 1907 this lease was assigned to by deposit
of
the South Brooklyn Ry. V. 84, p. 569. Rental is $40,000 per annum and & Lakeside entire stocks of the Erie City Pass. Ry.and the Erie Reed Park
St. By. A sinking fund of 1 % annually on these bonds began
expenses until 1910, when amount increases to $45,000. In consideratio
n April
of a guaranty by Long Island RR.. annual interest on the greater part of bonds 1 1906 and will be increased to 1 14 % in 1916. 'rhe Hamburg By.
Prospect Park & Coney Island's bonded debt has been reduced from 6 and Dunk.are subject to call on or before Nov. 1 1911 at par and Int. The
& Fred. ref. mtge. bonds are subject to call on any int. date at 103.
7% to 4;S %. See V. 56, p.42: V. 62, p.187.
ROAD.
-Operates 81 miles of track from Erie through Northeast to
STOCK AND BONDS.
Interest. Outstanding. Maturity. Westfield, including city lines in Erie. Also the old Jarnest. Chant. & Lake
Date.
Stock $100
Erie from Westfield to Jamestown, 431i miles. Also 3 miles in Dunkirk'
$250,000
Second mortgage now first 1886
340,000 Feb 1 1926 and 4 miles formerly owned by the Dunkirk & Fredonia. Also 15 miles from
414 F-A
($1,000 each)
cs&r 1886
6 F-A
160,000 Feb 1 1926 Buffalo to Hamburg. Total track, 147 miles. Gap between Hamburg and
Third mortgage (now second) 1891
96,000 Mch 1 1931 Dunkirk (about 33 miles) which is being constructed, will complete a
434 g M-S
gold ($1,000 each). c*&rJ 1891
104.000 Atch 1 1931 through line between Buffalo, N. Y. and Erie, Pa., expected to be com6 M-S
Interest on above mortgages payable at U. S. Mortgage & Trust Co., N. Y. pleted in 1908. Will enterBuffalo over tracks of the Buffalo ec
Lackawanna
Income bonds non-cum
1880
250,000 May 1 1920 Traction Co., which see below.
6 Al-N
Real estate M June 30 1907
23,100
5
OFFICERS.-Pres., Jos. B. Mayer, New York; V.
-P., L. B. Grant; Sec.
Bills payable June 30 1906_
430,500
and Treas., Marshall J. Dodge; Asst. Sec., Jas. A. Byrne; Asst.
ROAD.
-Embraces 27.697 miles of single track.
J. C. Calisch.-V. 83. p. 1170, 1290, 1410. V. 84, p. 157, 506Treas.,
569;
EARNINGS.
-Now included in those of Brooklyn Rapid Transit. The V. 85, p. 1576.
Prospect Park & Coney Island received as rental from Brooklyn Heights in
1906-1907, $40,000; rental of buildings, $31,609; total, $71,600; Interest,
BUFFALO & LACKAWANNA TRACTION CO.
taxes, &c., $65,376; surplus, $6,233.
ORGANIZATION.
-Incorporated in New York in June
000.000 stock by the Slayer-Sheehan syndicate. Proposes 1906 with $1,CONEY ISLAND & BROOKLYN RR.
trance into Buffalo for the Buffalo & Lake Erie Traction Co. to furnish enORGANIZATION.
-Chartered Dec. 10 1360. Cars commenced running
over the Brooklyn Bridge Feb. 15 1898. See V. 66, p. 383.
BUFFALO SOUTHERN RY. CO.
Brooklyn City & Newtown was leased in Nov. 1897 for 999 years, and in
-A trolley road.
1900 was merged into the Coney Island & Brooklyn.
In May 1906 control of road changed hands. See V. 82,
p. 1155.
Authorized stock was increased in March 1907 from $2,000,000 to
ORGANIZATION.
-Incorporated in New York on Aug.
53,500,000. V. 84, p. 569. Of this amount $1,000,000 was offered to a
consolidation of the Buffalo Hamburg & Aurora By. 28 1904 and is
shareholders in May 1907; payment to be made in installments
and the Buffalo
-25% each Gardenville & Ebenezer
Ry. V. 79, p. 2146. Franchises perpetual. Has
on July 1 and Oct. 1 1907 and Feb. 1 and May 11908. V. 84, p. 1113.
trackage rights
On Feb. 18 1908 the Public Service Commission granted permission to By Legislative in Buffalo over tracks of the International Traction Co.
Act approved Feb. 7 1907 time for completion of road
issue $30.000 6% short-term "car trust bonds" to pay for new rolling stock. extended
was
until Feb. 10 1909.
V. 86, p. 420, 480.
STOCK AND
Interest. Outstanding.
Dividends Suspended.
-In 1907 the stockholders agreed to suspend divi- Stock 82,000,000 BONDS- Date.
Maturity
($100)_
dends for two years in order to meet the expenses of extensive improve- 1st mtge,
554/,200
$2,000,000, gold{ 1904
5 g A-0 15
ments (including equipping of new power station) which are under way.
500,000 Oct 15 1934
($1,000)
Int. at Seaboard Nat. Bank, N. V., or at
V. 84, p. 1113.
Fidelity Trust Co., Buffalo, Trustee.




FED., 1008.]

STREET RAILWAYS.

-No s. f.. but from $50,090 to $100,000 bonds are subject to call
BONDS.
at 110 and int. on any int. date upon 3 months' notice. $1,500,000 bonus
reserved for future extensions and equipment.
-For year ending Dec. 311907, gross, $63,206; net, $15,011
EARNINGS.
-Operates from Buffalo to Hamburg, East Hamburg and OrROAD.
chard Park 153i miles; also has a line from Buffalo through Gardenville
.and Ebenezer to Lien's Park, 534 miles. An extension to East Aurora.
15 miles, is under construction. Expected to be completed in summer of
1908. 60-lb. T and 80-lb. girder rail.
-P., H. C. Lein,
OFFICERS.-Pres., M. L. App, Port Allegany, Pa.; V.
Gardenville, N. Y.; Sec., H. M. Gear, Buffalo; Treas., Geo. F. Wells, East
-V.82, p.1155; V.86,
Aurora, N.Y.; Gen. Man.,J.13. Rumsey, Buffalo.
v. 419.

BUFFALO & WILLIAMSVILLE ELECTRIC RV.

In May 1906 control of road changed hands. See V.82, p. 1155.
-Chartered Aug. 10 1391. In May 1904 capital was
ORGANIZATION.
Increased from $75,000 to $3,500,000, and in July 1904 a new mortgage
for $3,500,000 was made to provide for extension to Rochester.
Interest. Outstanding. Maturity.
Date.
STOCK AND BONDS$75,000
Stock, $3,500,000
*117,500 July 1 1944
5 g J-J
mtge, $3,500,000, gold) 1904
1st
lint, at Commonwealth Tr,Co.. Buffalo, Trus.
($500 and $1.000)
-Are subject to call on any interest date at 105.
*Bonds.
-4, miles of track, Buffalo to Williamsville. An extension from
4
ROAD.
Williamsville to Rochester, 60 miles, under the name of the Buffalo Batavia
& Rochester RR., was under construction, and completed to Batavia.
Permission to build remainder has been granted by Railroad Commissioners;
to make an Issue of $3,500,000 bonds. On May 22 1907, however, the
New York State Railroad Commission annulled its consent to the issue of
this mortgage (V. 84. p. 1306) because the Buffalo & Williamsville mortgage
for the same amount had not been canceled. Rails 80-lb. T and 90-11).
grooved girder.
-P., Spencer Kellogg; Sec. and
OFFICERS.-Pres. Geo, L. I.ewis; V.
-V.79, p. 268; V. 81, p. 154.
Treas., S. R. Mann; Gen, Man., L. L. Grove.
84, p. 1306.
V.

19

Interest. Outstanding. Maturity.
Date.
BONDS8215,000 June 1 1927
5 J-D
1 1897
Buffalo Bell& & Lan M._ .i Redeemable June 1903 at 102, and 34 % less
t each year until at par.
750,000 July 1 1935
5 g J-J
Buff & Niag Falls Flee Ry-. 1895
1st M, $750,000, gold__ ...c/Int. at Mercantile Trust Co., New York.
105,000•July 1 1921
5 g J-J
2d M, $250,000, g. a f, redk 1896
after 1901 at 105 (51,000)c/int. at Mercantile Trust Co., N. Y., Trustee
500,000 July 1 1938
5 g J-J
Buffalo & Lockport 1st mtge,k 1898
gold, $500,000
fInt. at Trust Co. of America, N. Y., Trustee.
800,000 July 1 1920
5 J-J
Lockport & Olcott By 1st) 1900
intge, $1,000,000, gold Int. at Moon Tr. Cc., N. Y., Trustee; also
Morton
at Buffalo. Guar., p. &l., by Inter. Trac.
($1,000)
c*
300,000 Jan 1 1928
5 g J-J
Niagara Falls Suspension} 1897
Bridge, Cllfton Suspension Toronto General Trusts Co , Trustee.
Int. at American Exch. Nat. Bank, N. Y.
Bridge
125,000 Oct 1 1928
5 g A-0
Lewiston Connecting Bridge} 1898
Heights Toronto General Trusts Co. Trustee.
Co. Queenston
Y.
Interest at American Exch. Nat. Bank, N.Y
Bridge Co
600,000 Jan 2 1914
5 J-J
Niag Falls Park & River lstk 1893
mtge, Canadian currency_ _ /Int. at Imperial Bank, Toronto, Canada.
1913
518,000
4 J-J
*Niagara Falls Susp Bridge.__ 1893
1913
22,500
4 J-J
aNitte; Falls Whirlpool ec No__ 1894

*All owned by International Traction Co.
aOf this $350,000 owned by International Railway Co.
-The Buffalo By. real estate mortgage matured June 20 1904 but
Bonds.
was extended at 434 % until 1909; the Tonawanda Electric RR. mortgage due April 1 1907 was extended until 1917. The Niagara Falls & Suspension Bridge bonds of 1893 and the Niagara Falls & Whirlpool Northern
bonds of 1894 given in the table above matured in 1903, but were acquired
by the International Traction Co.and extended ten years,and then deposited
with the Guaranty Trust Co. of New York as additional security under the
International Traction Co. collateral trust mortgage. All the outstanding
stock of the International Railway, $60,000 bonds of the Tonawanda Street
By., $518,000 bonds of the Niagara Falls .S6 Suspension Bridge and $22,500
bonds of the Niagara Falls Whirlpool & Northern are pledged as security for
loan.
TRACTIONAL CO. OF NEW JERSEY. Jersey on Aug. 9 1905 and the International Traction collateral truststock ofThe Buffalo By. debenCrosstown Street By.AI
-Incorporated in New
tures are secured by deposit of $2,000,000
ORGANIZATION.
acquired $7,600,000 of the $10.000,000 common stock of the International Income Account of International Ry.. Crosstown Street Ry. and Electric
Traction Co. through exchange of stock-100 shares of International stock
City Ry.. including Fixed Charges of International Traction Co.
for one share of Tractional Co. stock. A large amount of the $5,000,000
1905.
1906.
1907.
Calendar year ending Dec. 31pref. stock of the International Tract. Co. Is held by interests identified Gross earnings from operation
$5,380,437 $4,972,688 14,484,643
with the new company. See V. 81, p. 728. Authorized stock of new Operating expenses
2.483,663
2.884,986
3,362,883
company $100,000, of which $76,000 is outstanding. No bonds.
Robinson,
OFFICERS.-Pres., Henry J. Pierce; Sec. and Treas., Arthur
$2,017,554 $2,087,702 $2,000,980
Net earnings
-V. 81, p. 728
111 Broadway, New York City.
68,562
69,111
81,813
Miscellaneous income

-Trolley.
INTERNATIONAL 1 RACTION CO.
$2,099,367 $2,156,813 $2,069,542
Total net income
In Feb. 1905 control changed hands, and new officers and directors were Fixed charges,including int.on bonds
1,652,376
elected. V. 80, p. 997. For reported negotiation for control of this com1,691,959
1,787,106
of I. T.Co
pany by Mohawk Valley Co., see V. 86. p. 421.
$417,166
$464,854
$312,261
-Organized on Jan. 18 1899 under N. J. laws, and
ORGANIZATION.
Surplus
-Mileage Jan. 1 1908 (including Crosstown Street By. of Bufhas acquired all the electric railways connecting the cities of Buffalo, Niagara
ROAD.
Tonawanda and Tonawanda, together with all the falo). Length of line, single track (owned 196.43; leased 19.41; trackage,
Falls, Lockport, North
street railway systems in all of said cities; also the electric railway connecting 3.12). 218.96 miles; second track (owned, 121.52; leased, 0.32), 121.84
the
the villages of Depew and Lancaster with Buffalo. It also acquired Vic- miles; sidings (owned, 24.39; leased, 4.39), 28.78 miles; total track operated
Canadian Electric Railway, traversing the entire length of the Queen the (owned, 342.34; trackage, 3.12; leased, 24.12), 369.58 miles. Gauge,
4 feet 8 134 inches. Rail (steel). 45 to 140 lbs.
toria Niagara Falls Park, and connected it with the Amellean system by
-Jan. 1 1908 (including Crosstown Street Ry.of Buffalo):
acquisition of the steel arch bridge at Niagara Falls and the Suspension
EQUIPMENT.
Bridge between Queenston and Lewiston, which bridgeshave been equipped 528 motor-box cars; 45 trail box cars, 134 open motor cars, 77 open trail
$80,000 capital
with trolley tracks. On Oct. 30 1905 acquired the entire Frontier Electric cars,215 semi-convertible cars,5 combination cars (passenger and express),
4 motor freight cars, 11 trail freight cars, 78 utility cars, 49 snow plows,
stock of the Electric City By. In Jan. 1907 organized the
By., to build a line to connect with a proposed new bridge across the Niagara 2 sweepers, 2 electric locomotives; car stations, 25; sub-stations (electrical),
6; power furnished by the Niagara Falls Power Co. and the Cataract Power
River. See statement of that company below.
Interest. Outstanding, Maturity. & Conduit Co.
STOCK AND BONDS- Date.
-P.,
-Pm., Henry J. Pierce; V.
$10,000,000
OFFICERS of all operating companies
Stock, common, $10,000,000.
5,000,000 __._
Thomas E. Mitten; Sec. and Treas.,J. F. Slocum; Gen. Mgr., T. W. Wilson;
Pref. 4% cum, $5,000,000.
17,955,000 July 1 1949 Auditor, D. M. Delninger.
4 g J-J
•Collateral trust, $30,000,0001 1899
-P.,
OFFICERS of International TractionCo.-Pres., Henry J. Pierce; V.
Guaranty Trust Co. N. ., Trustee. May
($1,000), gold, es. Interbe called at 110 and int. on any int. date. Thomas E. Mitten: Sec. and Treas., J. F. Slocum; Auditor,D. M. DelnInger.
_
est at J. P. Morgan &
1906-1916
570,000
p. 1470: V. 84, p. 158, 271, 624,626; V. 85, p. 1576; V. 86, p. 421.
434 J-D 15
Co.
Car trust certificates No. 2, 1906
(1) Frontier Electric Ry.
c• Commercial Trust Co., Phila., Trustee.
$600,000 ($1,000)
250,000 See text
-Incorporated in New York on July 27 1906. Entire
ORGANIZATION.
6%
Car trust certificates No 3 1907
Commercial Trust Co., Philadelphia, Trustee stock is owned by the International Railway Co.
$250,000
Interest. Outstanding. Maturity.
Date.
STOCK AND BONDS's rumored that the Mohawk Valley Co. (see
-It
Reported Negotiations.
$25,000
under New York) which is controlled by the New York Central, is negotia- Stock, $1,500,000 ($100).
None
for the acquisition of this company. See V. 86, p. 421. take up an 1st M, $2,000,000 (El,000) _c
ting
-Will construct a double-track road on private right of way from
ROAD.
originally reserved to
Of the $30,000,000, $12,285,000 were
companies
proposed new bridge across the Niagara River
equal amount of the underyling bonds of the allied and controlled purpose, Buffalo to the entrance of theby the Trans-Niagara Bridge Co. (See V. 84,
at Niagara Falls, to be built
outstanding, and $600,000 of that amount has been issued for that
treasury of p. 158.) The new road will make connection at the bridge with the Niagara
leaving $11,685,000 still reserved; $360,000 of bonds remain in
to the Niagara River,
company. The syndicate agreement with J. P. Morgan & Co. covering St. Catharines & Toronto By.. which is to be extended
Sept. 1 thus completing a through line from Buffalo to Toronto. Construction
part of these bonds and part of the preferred stock was terminated
stock in will be started in 1908.
1902. In March 1904 common stockholders received their
-P., J. H.Lascelles; Sec., Samuel
V. 78,
OFFICERS.-Pres.. H.T. Ramsdell; V.
exchange for certificates of interest previously held by them.
-V.84, p. 158.
p. 989. Car trust certificates No.2 are secured by title to 150 cars. They Ellis; Treas., Clifford Hubbell.
fall due In semi-annual installments of $30,000 each from Dec. 1906
title to
to June 1916 Inclusive. Car-trust certificates No. 3 are secured by
BURLINGTON, IOWA.
50 cars. They fall due In semi-annual installments of $12,500 each from
PEOPLE'S GAS & ELECTRIC CO.
1908 to Sept. 1 1917.
-In June 1906 we were informed that the majority ot the
-Owns all the stock, assets, franchises and good-will
Franchises.
ORGANIZATION.
franchises In Buffalo are practically perpetual, none in Buffalo or other cities of the Burlington By. & Light Co. Franchise expires in Feb. 1927.
utstanding. Maturity.
te
towns having then an unexpired term of less than 40 years, exSTOCK AND
and
$1,250,000
cepting only the Fillmore Avenue franchise covering an extension of 634 Stock, $1.250,000---------- --------------750,000 Oct 1 1917
5 g A-0
Miles on the east side In Buffalo, which was limited to 25 years. Interna- Burl Ry&Lt. 1st M. $750,0001 1897
-On Feb. 20 1902 the
Consolidation Of Constituent Companies.
($500, he), red after July 13Interest at American Trust Co., Boa., Trus.
tional Railway Company was incorporated in New York with $10,120,500
1902 at 105, gold
stock, and in Aug. 1902 this was Increased to $17,000,000, of which $16,Bonds are guar. prin. and int. by endorsement by People's Gas & Electric
320,500 has been Issued (all owned by tile International Traction Co.), asa Co. of Burlington, and the latter has made a trust deed to secure the guaetY•
consolidation of the following companies. whose shares had previously been
-For calendar year 1905, gross, $240,818; net, $111,241;
EARNINGS.
held by the l'ract on Co.. V. 74, p. 427.
interest, $37,500; surplus, f73,741.
Railway Co. (after Buffalo Traction and Buffalo Bellevue &
Buffalo
-Total track 17 miles trolley, Including an extension to West
ROAD.
Lancaster had first been merged in the same).
Burlington. 48 and 66-1b. T rail. Operates 22 motor and 25 trail cars.
Buffalo & Niagara Falls Electric Railway.
OFFICERS.-Pres., G. H. Higbee; Sec. and Treas. C. H. Walsh.
Buffalo & Lockport Railway (after Elmwood Ave. and Tonawanda Elec- V. 84, p. 41, 468, 753; V. 68, p. 1022; V. 74, p. 1307.
tric Railway had been merged).
Buffalo Tonawanda ec Niagara Falls Electric RR. Co.
BURLINGTON, VT.
Lockport & Olcott Railway.
-A trolley road.
Niagara Falls & Suspension Bridge Railway (after the Niagara Falls
BURLINGTON TRACTION CO.
Outstanding. Maturity.
Se Northern Ry. had been merged in it).
Whirlpool
STOCK AND BONDSNiagara Falls Suspension Bridge Co.
Stock, $200,000 (par $100)--- -----------------$200,000 1906-07,6%
125,000 Jan 1 1914
6 g J-J
The Buffalo Railway owned the $2.860,000 stock of the Crosstown Street Win & B Horse RR 1st M,1 1894
Not subject to call before maturity.
Ry. of Buffalo. and this passed to the International Railway Co.
$150,000, gold (7500 and
the
cj Interest at Burlington Trust Co., Trustee.
On July 1 1902 the International By. Co. acquired by purchase the
$1,000)
Niagara Falls Park & River Ry., the Clifton Suspension Bridge Co.,
-Owns 11 miles of track in city of Burlington. Rails 50 and
ROAD.
Lewiston Connect. Bridge Co. and Qeeenston Heights Bridge Co. This 60-1b. T. Owns 13 box cars, 10 open cars, 2 snow plows.
leaves the Crosstown St. By. Co. of Buffalo, the Electric City By., the
-For fiscal year ending June 30:
EARNINGS.
Const. Bal..sur.
Net. Charges. Dies.
Frontier Elec. By. and Inter. By. Co. as the only operating companies, and
Gross.
*$676
eventually (that is, as soon as the $1,000,000 Buffalo By. debentures se- 1906-07
$98,871 $33,242 $9,918 $12,000 $12,000
6,032
16,719
12,000
9,827
44,578
cured by $2,000,000 stock of the Crosstown St. Ry. are retired) the Cross- 1905-06
98,571
town St. Ry. can also be merged, thus leaving the International Railway
operating
Co., the Frontier Elec. By. and the Electric City Ry. the sole
* Deficit.
companies and the International Traction Co. the holding company.
-P., Jno. J. Flynn; Treas., W. F.
OFFICERS.-Pres., F.Ilas Lyman; V.
Liens of Constituent and Owned Companies.
Hendee; Sec., C. W. Brownell.
Outstanding. Maturity.
Date.
Interest.
BONDS$293,500 Sept 1 1012
6 M-S
Buffalo East Side 2d mtge ..._f 1882
BUTTE, MONT.
lint. Is payable at Company's office, Buffalo.
-Trolley.
BUTTE ELECTRIC RA ILW A Y.
4,'706,000 Feb 1 1931
5 g F-A
Buffalo Ry 1st con mtgel 1891
incorporated in West Virginia in December 1899 as
This company was
($1,000)$5,000,000,g, c* &r Int. at Co's. office, Buffalo, E. W. Clark &
Co., Phila., or Mere. Tr. Co., N. Y. Trustee successor to the Butte Consolidated By., sold at foreclosure.
Interest. Outstanding. Maturity.
Date.
STOCK AND BONDS1,000,000 April 1 1917
6 g A-0
Buffalo By debentures, $1,-1 1897
$1,000,000 Oct'06, 2%
M-N
(par $100)
000,000 gold, red at 105 Metropolitan Trust Co., New York. Trustee. Stock, $1,000,000gold,$1,000j 1900
700 000 Mch 1 1925
5 g M-S
Interest at company's office, Buffalo, or 1st M, $700,000,
after Aprill 1902($500 and
cslInt. at Mercantile Tr. Co., Boston, Trustee.
each
j Mercantile Trust Co.. New York.
$1,000)
-May be called for payment on Mch. 1 1915, or on any interest
Bonds.
150,000 June 20 '09
434 J-D 20
I 1894
R F mtge
Buffalo By
day thereafter. Sinking fund of 10% par value of bonds begins Mch. 1 1916.
Can be paid at par on any Interest date.
1.
-In 1905, 4%; in 1906. May, 2%; Oct., 2%; none since to
Dividends.
40,000 April 1 1917
4 A-0
*Tonawanda Electric RR. 1st 1895
Feb. 1908-all earnings voirur Into construction.
Interest at company's office, Buffalo.
mtge
-Operates 3034 miles of track. 56-1b. T. rails.
ROAD.
July 1 1912
60,000
6 J-J
aTonawanda Street By 1st 1892
-For year ending Feb. 28 1907. gross, $448,684; net,
EARNINGS.
Interest at company's office, Buffalo.
mtge, $250,000.
a2,974,000 May 1 1932 $74,559.
5 g M-N
.Crosstown Ry lst mtge.gold k 1892
-P. J. A. Macdonald, 49
OFFICERS.-Pres., W. A. Clark, Butte; V.
_c*/Int. at Metropolitan Tr. Co., N. Y., Trustee.
($3,000,000), gu p &
673,000 Dec 1 1948 Wall St., New York; Sec. and Treas., Pierre V. C. Miller, 49 Wall St., N.Y.
5 g J-D
Buffalo Traction 1st mtge,k 1898
Metropolitan Tr. Co., N. Y. Trustee. -V 64, p. 663; V. 69, p. 1300; V. 72, p. 190.
!Int. at
45,000,000




20

STREET RAILWAYS.
CAIRO, ILL.

CAIRO ELECTRIC & TRACTION CO.
-Trolley.
ORGANIZATION.
-This was formerly the Cairo Electric By. but in
May 1903, after having acquired the Egypt Electric Co. and the Cairo
tric Light & Power Co., and merged them, name changed to above. ElecSTOCK AND BONDSDate.
Interest. Outstanding. Maturity.
Stock $150,000 ($100)
$150,000
1st mtg, $150,000, gold ($5005 1903
5 g J-D
100,000
1923
and *1,000)
cl Int. at Central Tr. Co., Chicago, Trustee.
-$50,000 are reserved for extensions and betterments. Are subBonds.
ject to call on any interest date after 10 years at 105.
-Operates 914 miles of track in Cairo, together with the electricROAD.
lighting and power plant. 40 to 60-lb. T rail, standard gauge.
OFFICERS.-Pres., W. P. Halliday; V.
-P., M. C. Wright; Sec., John
Tiernan; Treas., J. S. Aisthorpe; Gen. Mgr., 0. C. Macy.

CALAIS, ME.
CALAIS STREET RAILWAY.
-A trolley road.

!VOL. TCXXVI.

additions, extensions or other railway, lighting or power companies. A
sinking land begins April 1 1908, and bonds are subject to call on or after
June 1 1913 at 107;4 and interest. See V. 77, p. 2279.
EARNINGS. Fur calenuar year 1907, gross, 6299,086; net, $114,626;
interest, $40,000; surplus, $74,626; in 1006, gross, $249,994; net, $85,989.
-Operates 28 miles of track between Cedar Rapids and Iowa
ROAD.
City. Standard gauge; 70-lb. T rails.
OFFICERS.--Pres., Wm. G. Dows; V.
-P., N. M. Hubbard; Sec. and
Treas., Isaac B. Smith.
-V.77, p. 2279; V. 79, p. 211.
--CEDAR RAPIDS & MARION CITY RY.ORGANIZATION.-Franchise expires in 1941.
STOOK AND BONDS Allies. Date. Interest. Outstanding. Maturity.
Stock $450,000 ($100)
$445,000 ___
-First mort.$250,000_
15.65 1891
5 ,j-j
205,000 July 1 1931
$1,000c
Interest at American Trust, Trustee,
EARNINGS.
-For calendar year 1907, gross, $170,904; net,Boston.
$50,441. In
1906, gross, $160,050; net, $53,745.
ROAD.
-Owns road in operation 15.65 miles in length,
Cedar Rapids,Iowa, to Marion;second track, 2.28; sidings, extending from
1.97; total of all,
19.90 miles. Rails 45, 58 and 60-1b. T and girder.
OFFICERS.-Pres., P. E. Hall; Treas., John S. Ely; Vice-P.
and Sec.;
Henry V. Ferguson; Supt. F. L. Diserens.

I

ORGANIZATION.-Stock,$100,000;first mortgage, 1898, 55, J-J; $100,000 due July 1 1918.
REPORT.
-Year ending June 30 1907, gross, $28,466; net, $1,547;
nterest and taxes, $5,469; deficit, $3,922.
CHAMBERSBURG, PA.
CHAMBERSBURG GREENCASTLE & WAYNESBORO ST. R1(.
ROAD.
-Calais Street Railway, lower wharf to upper bridge, Calais, 4
-A
miles; St. Stephen Electric St. By.. Milltown, N.B.,to St. Stephen, N. B., trolley road.
ORGANIZATION.
-Incorporated in Pennsylvania on June 17 1901,
3 miles; total, 7 miles. The St. Stephen Electric St. Ry. Is a separate coralso owns a turnpike road. 43 miles, capital, $100,000, and an electric-ligh
poration, but is owned entirely by the Calais company.
t.
plant; capital, $30,000.
OFFICERS.-Pres., George A. Curran; Sec., Charles F. Pray; Treas. and
On Ap(11 1 1908 It is Intended to cancel old stock and issue new stock
Gen. Mgr., C. W. Young, all of Calais, Mc
to the amount of $600,000 ($300,000 pref and $300,000 corn.); also $300,000 2(1 mtge. bonds to provide funds - to complete extensl )1i I., Chambersburg. V. 85. p. 1338.
CANON CITY, COLO.
STOCK AND BONDS.
Date.
Interest. Outstanding. Maturity.
CANON CITY FLORENCE & ROYAL GORGE INTERURBAN R1(.
$150,000 (par $50)$150,000
- Commonn-c
A trolley road.
Pref 6%
$150,000 ($50)
150.000
3 0,000 July 11933.
5 g J-J
In Feb. 1907 the Canon City & Royal Gorge Electric Ry, was incorpor- First mortgage $300,000 gold1 1903
($100 and $500)
c*f Interest at Chambersburg Trust Co.,Trustee
ated in Colorado with $1,250,000 stock (of which $500,000 is 5% pref.)
See,old murigage 5600,uou ix)0/
to take over, it was understood, the old read. V. 84, p. 626.
(?)
($1,000 and $500) gold
(
-Incorporated in Colorado in March, 1906. Jas. H.
ORGANIZATION.
Bonds -First mtge. bonds have no
and bonds are not subParish & Co., New Haven, Conn., offered the bonds for sale July, 1906.- ject t • call. Sec^nd mtge. bonds are sinking fund
sliblect t call to 1912 at 105.
,
V. 83, p. 154.
EARNINGS.
-For year ending June 30 1907, surplus increased
On Jan. 3 1907, Jas. H. Peabody was appointed receiver. See V. $2.090 over previous year. For year ending June 30 1906, gross, about
$47,516;
84, p. 101.
net, $26,379; fixed charges, $18,835; surplus, $7,544.
ROAD.
-Operates 15 miles of track from Greencastle to Penn Mar.
Date.
STOCK AND BONDS.
Interest
Outstanding. Maturity.
Gauge, 5 ft. 2;4 in. 70-lb. T and 80-lb. girder rail. An extension of 11
Stock, $1,500,000 ($100)_
$1,500,000
First mortgage $500,000 1 1906
5 g M-N
150,000 May 1 1926 miles from Greencastle to Chambersburg Is under construction. Expected
gold ($300 and $1,000fPublic Trustee of Fremont County, Trustee. ti be completed in 1908.
OFFICERS.-Pres., Geo. B. Beaver; V-.P., R. IV.Rarn shy; Sec., H. B.
Bonds-Are not subject to call.
ROAD -Has under construction 3 miles in Canon City and 10 miles of McNulty; Treas , D. Maurice Wertz. V. 85, p. 1338.
track from Canon City to the park at the top of Royal Gorge. Also proposes to build from Canon City to Florence, 83-i miles; and a branch
CHARLESTON, S. O.
through Lincoln Park and South Canon, 6 miles. Total, 274 miles. loop
CHARLESTON & SUMMERVILLE ELECTRIC RY.
OFFICERS.-Pres., F. B. Street, New York; V.
-P. & Gen. Mgr., F. S,
,ived .iann,( nod fo,..t..is ul,
Grange; Sec. Richard Houle; Treas. J. H. Peabody.
a- ,,.I Av. V. an. p. 1645.
-V% 83, P. 154; V. 84.
ORGANIZATION.
-Incorporated In South Carolina In February 1905.
p. 101, 625.
STOCK AND BONDS.
Date.
Interest. Outstanding. Maturity.
Stock,$500,000
$500,000
CANTON, MASS.
First mortgage $1,000,0001 1005
5 g A-0
750,000 April 1 1935.
'Int. at Knickerbocker Tr. Co., N. Y., Trust.
BLUE HILL STREET RY.-A trolley road.
Bonds. 11 50,000 are reserved for extensions and improvements. Are
(-$250,000
.- 20
go ds$ 0 )
ORGANIZATION.
-Franchise perpetual.
subject to call on any interest date at 110 and interest.
STOCK AND BONDSROAD.
-Is to operate 25 miles of track from Charleston to Summerville.
Date.
Interest. Outstanding. Maturity
Stock $300,000 ($100)
Grading has been practically.completed.
$300,000
First mortgage $500,000 1 1903
OFFICEILS.-Pres., Julius G. rlocke, 15 Whitehall St., N. Y.; Sec. and
250,000 Oct. 1 1923
5 g A-0
gold
f Interest at City Trust Co. Boston, Trustee Treas., Geo. Tupper, Summerville. V. 85, p. 1645.
"Current Liabilities" Sep. 30 1907
190,593
Bonds subject to call as a whole at 115 and interest on any interest day.
CHARLESTON CONSOLIDATED RY. GAS & ELECTRIC CO.
EARNINGS
ORGANIZATION.
r 12 months ending Dec. 31 1)01, gt .ss, $89,941s; net
-Organized Feb. 21 1899 as a consolidation of the
$13.848; fixed charges, 823,279; deficit. $9,431.
C
tharieston City By. and Charleston &Seashore RR. under Special Act of
ROAD.
--Operates 19.6 miles of track from Mattapan, where connection South Carolina Legislature, granting a perpetual charter and gas and electric
is made with the Boston Elevated Ry., to Canton and Stoughton, at which light powers.
Franchises are perpetual. Also owns the capital stock of the Charleston.
latter point it connects with the Bristol & Norfolk St. Ry. and the Old
Colony Street Ry. 43 cars.
Gas Light Co. ($698,150) and the Charleston-Edison Light & Power Co.
OFFICERS.-Pres., C. H. French; V.
-P., F. S. Pratt; 2d V.
-P., E. J. B. ($100,000), and thus controls the whole field of light and transportation in
Huntoon; Treas., Henry B. Sawyer; Gen. Mgrs., Stone & Webster. Boston. Charleston. In April 1899 bought the stock of the Mount Pleasant &
-V. 78, p. 1906.
Sullivan's Island Ferry Co. and the franchise of the Middle Street & Suill
van's Island Ry.
STOCK AND BONDS.
Date.
Interest. Outstanding. Maturity
CANTON, OHIO.
Stock,81.500.000 (par $50) _
$1,500,000 Jan15'08.13-6
Charleston City first mortgagel 1898
5 g J-J
railroad.
787,000 Jan 1 1923
-An electric
STARK ELECTRIC RR.
$1,000) $850,000
ORGANIZATION.
-Incorporated in Ohio and Is a consolidation In Dec. Oonsol mtge gold gold_.._O Tax free. Int. at Mere. Tr. & S. D. Co.,Balt
$2,500,0001 1899
5 g M-S
1,713,000 Mob 1 1999
,
1902 of the Alliance Electric ay. and the Stark Electric By. Controls the
coupon ($1.000)
Interest at Bait Tr. & Guar Co., Trust
*f
Salem & Eastern Electric By. Tho latter has no securities outstanding.
Holders can also collect coupons at Carolina Savings Bank, Charleston,
STOCK AND BONDSInterest. Outstanding, Maturity
Date.
if presented before the 10th of the month.
Stock $1,000,000 ($100)_
$1,000,000
Bonds.
-01 the consolidated 5s, $850,000 were reserved
First mort. $1,000,000 goldl 1903
5g
J-J
1,000,000 Jan, 1 1928 $850,000 City By. first 5s, of which $63,000 canceled under to, retire the
sinking fund
($1,000) s. I.
c.J In Wrest at Clt Sav.& Tr.Co., Cleveland, Tr. and consols
.
issued to company In substitution.
Bonds.
-Can be called after 3 years at 105.
Sinking Fund.
has been
-Operates 34 miles of track from Canton to Salem, inel'uling fund of $10,000 -After 6% dividend operative declared on stook, a sinking
ROAD.
on consols.
per annum becomes
Alliance City lines. Standard gauge. 67 and 70-lb. V rails and 70 and
Dividends.
-First dividend of
% paid July 1 1903; in 1904, 1 %; In
90-lb. girder rails. Total mileage, including double track, 36 miles.
1905, 1 ti %: in 1906, 2 •Yi %: in 1907, 2.
4%; in 1908, Jan., 1
4
OFFICERS.-Pres., C. R. Morley, Cleveland; V.
-P., David Morrison;
EARNINGS.
-For years ending Feb. 28:
Sec., E. S. Cook; Treas., E. Wiebenson; Auditor, F. E. Wilkin; Gen. Mgr.
YearFixed Charges. Surplus
Net.
Gross.
F. L. Mowry.
-V. 76, p. 973.
1907
$239,946
$157,100
$654 391
$82,846.
1906
157,041
242,355
614,963
85,313
155,543
1905
215,750
558.046
60,207
CAPE MAY, N. J.
ROAD, &c.
-Owns 40 miles of electric road, of which 30 miles la CharlesCAPE MAY DELAWARE BAY & SEWELL'S POINT RAILROAD.
- ton and 10 miles from Mt. Pleasant (connecting by ferry with Charleston)
An electric and steam road.
to Sullivan's Island and Isle of Palms, a pleasure resort on the Atlantic)
-Organized under the general railroad laws of New coast, including land at Isle of Palms, ferry, &a. The company has conORGANIZATION.
Jersey on Jan. 19 1893 by consolidation of the Delaware Bay & Cape May solidated all of its three power stations; both railway systems and light and
RR.(owner of the Cape May & Sewell's Point RR.) and the Cape May & power division are being operated from same stations; the seashore division
Schellenger's Landing RR. Uses electric power for passenger service and is connected by submarine cable.
steam power for freight. In 1901 control passed to the Reading Comtpany,
OFFICERS.-Pres., Philip H. Gadsden; Managing Director, Samuel H
STOCK AND BONDSDate.
Interest. Outstanding. Maturity. Wilson; See. and Aud., P. J. Baiaguer, all of Charleston; Cashier, W. B.
Stock paid in (par $50)______
$150,000
Glenn. Offices, No. 141 Meeting St., Charieston.-V. 81, P. 1789.
First. mort ($150,000)__ _cur. 1893
150,000 Feb. 1,1923
5
F-A
Other debts Dec. 31 1906_
169,447
CHARLOTTE, N. C.
In 1894 and 1895 but one interest payment was made, by mutual consent
of bondholders. Interest was reduced to 5% for 5 years from Feb. 11898,
CHARLOTTE ELECTRIC RY.. LIGHT
trolley road.
and remains at 5%. Trustee is N. J. Trust and S. D. Co., Camden, N. J.
ORGANIZATION.
-Is a consolidation in Jan. 1896 of all
ROAD.
-Operates 6.94 miles of track in city of Cape May and extending lighting and street railway interests of Charlotte. Has since the electric
merged the
to Cape May Point and Sewell's Point.
Charlotte Gas Light Co.
controls the Dilworth Water Co. Franchise
EARNINGS.
-For year ending June 30 1907, gross, $22,200; expenses, is said to be perpetual and Also
exclusive until Jan. 26 1913. Stock is all owned
$37,705; interest, $7,500; deficit. $23.005.
by the Charlotte Consolidated Construction Co.
OFFICERS.-Pres., Geo. F. Baer, Philadelphia; V.
-P., Theodore Voor$327006:00 ng. 7u1y l r1t y ,
STOCK AND
Interest. Out3ta nd 10000 . Matul929
Date.
.
hees, Philadelphia; Sec., W. R. .Taylor, Philadelphia; Treas., Richard FiStockrst mortgage(par $50 BONDS.
Tull, Philadelphia; Comp., Geo. A. Ziegler, Philadelphia; Supt., A. G.
$500,000 gold ii:99
5 g J-J
MeCastskmd, Camden.
-V. 72. p. 532.
($1,000) sinking fund_ _c*f Int. at Mere. Tr. & Dep. Co., Bait., Trustee.
(?)
Second mortgage $350,000._ _ _ 1905
(7)
(1)
Bonds.
-On the first mortgage bonds a sinking fund is provided, operative
CEDAR RAPIDS, IOWA.
July 1 1900 of 1 % of bonds outstanding, to be invested in bonds drawn by
lot at 107)i and interest, if not obtainable at lower figure in open market.
CEDAR RAPIDS
-IOWA CITY RAILWAY & LIGHT CO.
ROAD.
-Operates 13 yi miles of track and 28 cars.
ORGANIZATION.
-Incorporated in Iowa in June, 1903, and acquired
REPORT.
-Year ending June 30 1906 of Charlotte Consolidated Conall the property and franchises of the Cedar Rapids Electric Light & Power struction Co., operating
the Electric Railway Light &
Co., the same being free from bonded debt. Has long-term franchises in earnings, $189,930; operating expenses, $158,435; net Power 0o.: Gross
earnings, $31,495;
the cities and owns private right of way 100 feet in width between them.
interest, $18,800; balance, $12,695.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
OFFICERS.-Pres. and Treas., E. D. Latta; V.
-P., E. B. Springs; Sec.,
Common $1,700,000
$1,700,000
.
-V. 68, p. 384; V. 83, p. 890.
J. L. Chambers.
Pref.5% n. c. $300,000
__
300,000
First mortgage $2,000,000, 1903
800,000 June 1, 1923
5g J-D
gold ($1,000)
es{ Illinois Tr. & Say. Bk., Chicago, co-trustee.
CHATTANOOGA, TENN.
Int. at Harris Tr. & Say. Bk., Chicago.
CHATTANOOGA RAILWAYS CO.
-Besides the $800,000 out, additional bonds may be issued for
Bonds.
ORGANIZATION.
-Organized in Tennessee and is a
completing and equipping interurban road at not exceeding 60% of cost, April 1906 of the Chattanooga Electric Ry., the Rapidconsolidation in
Transit Co. of
and $200,000 after road is completed, when in any year net earnings, after Chattanooga, the Chattanooga Street Ry.. the City
Street Ry. and North
all expenses, shall have been twice the chargeson bonds outstanding and those Side Consol. Ry. Co.. and owns the entire capital stock
of the Chattanooga
proposed to be issued. Remaining $1,000,000 may be issued, under same & Lookout Mountain Ry. Comprises all street
railways in Chattanooga
restrictions as to net earnings, for not exceeding 75% of cost of permanent and suburbs. Franchises are perpetual.




-A
& POWER co.

STREET RAILWAYS.

1908.]

Date.
Interest. Outstanding. Maturity.
STOCK AND BONDS.
$2,000,000
'Common $2,000,000 ($100)1,000,000 Dec '07. 1g
Q-M
Pf $1,000,000 ($100) (see text) ___
1,575,000 May 1 1956
5 g M-N
First contfol mtge $3,000,000I 1906
$1,000) gold—c* Int. at Tr. Co. of Nor. Amer., Phila., Trust.
($500 and
625,000 Jan 1 1919
5 g J-J
Chatt Elec Ry lst M $625,000 1898
g not subs to call ($1,000)c* Int. at Maryland Trust Co., Balt., Trustee.
April 1 1908. It is reStock.—Preferred stock is 5% cumulative after
deemable at 107 after that date.
-01 the $3,000,000 first consols, $625.000 are reserved to retire
Bonds.
prior liens; the remainder are for extensions and improvements at 85% of
cost. The outstanding bonds were offered for sale by Graham & Co. of
Philadelphia in April 1906. They are subjcet to call on any interest date
•at 107 and interest on three months' notice.
Dividends.—First dividend on preferred stock (1g %) was paid Dec. 1
1906. In 1007, 5%.
EARNINGS.—For 12 months ending Dec. 31 1907, gross. $336.861;
net, $184,189. In 1906, gross, $499,181; net, $176,899.
ROAD.—Operates about 65 miles of track in city and suburbs.
-P., Clarence P. King.
OFFICERS.—Pres., John Graham, Phila.; V.
Phila.; Sec. and Treas., W. H. Lawton, Phila.; Gen. Man., D. J. Duncan,
Chattanooga. Main office, Chattanooga.; Philadelphia office, Real Estate
Trust BuildIng.—V. 83, p. 562; V. 84, p. 50.

LOOKOUT MOUNTAIN RY.- and the
ORGANIZATION.—Owns and controls the Lookout Incline 00.of those
stock and bonds

Lookout Incline & Lula Lake Ry. and the entire
companies Is deposited under its new mortgage.
Interest. Outstanding. Maturity.
Date.
STOCK AND BONDS.
$100,000
Stock ($100,000) .......
See text May 1 1956
5g
First
mortgage ($300,000)1 1906
'Trust Co. of North America, Phila., Trustee,
gold
,
e 1,itt, .. .‘, oi i. ii..
Roads. —6,, )..;.; o ,ts iil- n au, i i.,-a i
of electric
ROAD.—Operates a cable road of 5,000 feet, and has 5 miles
road on top of mountain.
., R. W. King: Sc:'. and Treas., W. II. Lawton:
—Pres
OrnOEttS.
Supt., Wm. A, R Illus.—V. 83, p. 323.

CHICAGO, ILL.
AURORA ELGIN & CHICAGO RR.—Third-rall electric.

21

is to be Increased 20 %—barring the case of a private company whim might
be willing to turn over to the city all profits above 5% on the cost of the
investment. The companies are limited during their operations to an interest return of 5% upon the agreed value plus the cost of rehabilitation and
extensions. All net profits above this are to be divided on the basis of
55% to the city and 45% to the companies, but a deficit in any year Is to be
made good out of the profits of subsequent years. The companies are
required to set aside 6% of the gross receipts for maintenance and repairs
and an additional 8% of the gross receipts to cover renewals and depreciation. Whatever portion of the two funds is not used remains In the funds
and passes to the city or Its licensee upon purchase. But if the two funds
are not sufficient for the purposes named, the companies are obligated to
supply additional funds.
Free transfers are required over all connecting lines within the city limits
verel .y tile Ciocag . Railways Co.. toe Chicago City Ry., the Chicago
Consolidated system and the Chicago General Ry., provided the passenger
has paid a five-cent fare and is traveling in any one general direction.
Certain extensions are provided. and the Chicago City Co. agrees to construe,. In intuit'.n the equivalent el 8 Hales of single track anu the Chicago
Railways system the eouivalent of 12 miles of single track, in each year
after the third year. The companies also agree, upon certain conditions,
to construct whatever additional extensions may be required by the City
Council. They furthermore agree, upon demand of the city, to furnish
funds not exceeding $5,000,000 In the aggregate for the construction of a
central down-town subway to be built and owned by the city, two-fifths
of toe cost to be borne by the Chicago City By. and three-fifths oy the Chicago Railways. The Chicago Railways Co. also agrees to lower and reconstruct the tunnels under the Chicago River at Washington, La Salle and Van
Buren streets.
The franchises granted by the ordinances run until Feb. 1 1927. The
city reserves the right at any time to commute a sum not exceeding the
city's share of the net receipts for the previous year Into a reduction of the
After one year cars may no longer be run In trains, but
rates of fare
must be operated singly.
It is estimated that the Chicago City Ry. will be called upon to spend
witoin tne Lext three years $16,000,090 for reiiablitation anti toe Chicago
Railways C $24,000,000. For indication hew money will be needed, see
V. 85. v. 529.
Date. Interest. Outstanding. LastDiv.,&c.
STOCK AND BONDS—
Text Q-M30 $18,000,000 Mete08.1
Stock, $19.000,000 ($100)_-__
5 g F-A
7,000,000 Feb 1 1927
First mortgage ($1,000), goldi 1907
fFirst Trust & Say. Bk., Chicago, Trustee.
c*
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 $4,619.500 outstanding
bonds; stock outstanding now, $18,000,000.
Bonds.—There is no limit to the amount of bonds that may be Issued
under the above mortgage, but only $10,000,000 have been authorized.
$3,000,000 were issued to take up the gold trust notes due July 1 1908:
$8,000.000 of the bonds have been certified by trustee, of which $7,000,000
are outstanding and $1,000,000 remain in the treasury of the company.
Bonds can be called at 110 and interest on or before Feb. 1 1912, but not
thereafter. Under the Chicago city ordinance, in case of purchase the
city has the right to redeem bonds before maturity. V. 84, p. 1488, 1550.

ORGANIZATION.—Is a consolidation in April 1906 of the Aurora Elgin
& Chicago Railway, the Elgin Aurora & Southern Traction Co. and the
Cook County &Southern RR. V. 82, p. 279, 601, 1155. Does frelghtas
well as passenger business. V. 83, p. 490. Has exclusive contract with
Metropolitan West Side Elevated to operate over its tracks.
(Vito.
Int r It. Outst'd'a.
Dile.
s; l) ):\* OS—
ST. WIC
..... . $3,100,000 Jan 10'08 X %
Common $3,100.000 ($100)--3,100,000Jan10'08,1 X %
($100) (see text) __Q-J
Pf $3,100,000
July 1 1946
5 g J-J
1,100.000
First and refunding mortgage( 1906
$25,000,000 gold (51.000) i Int. at Cit. Say. & Tr. Co., Cleve., and also
in N. Y. Trustee, North. Tr. Co., Chic,
Apr 15 1941
A E & C Ry first mortgagel 1901 5 g A-0 15 3,000,000
$3,000,000 ($1,000) gold Amer. Tr. & Say. Bank, Chicago. Trustee..
1Interest payable in Chicago and New York.
cannot be called
5 g J-D 2,000,000
June 1 1916
Elgin Aurora & Southern first} 1901
mtge. $2.000,000 ($1,000) Int at Amer. Tr. & Say. Bank, Chicago,
Trustee, and First Nat. Bk., N. Y. City.
c*
gold sinking fund
.Stock.—Preferred stock is 5% cumulative until April 1 1909; thereafter
6% cumulative.
Bonds.—Of the $25,000,000 new bonds, $5,000,000 are reserved for prior
liens. $900,000 for improvements and extensions and $18,000,000 for ,
self-supporting acquisitions. They are subject to call on or before July 1
1911 at 102)6 and interest. Upon Issuance of bonds reserved for acquisitions, a sinking fund becomes effective until said fund equals 25% of bonds
so Issued. On the Aurora Elgin & Chicago Ry. a sinking fund of 550,000
per annum commences on April 15 1911. See V. 74, p. 726. On the Elgin
Aurora & Southern bonds, a sinking fund is 317,000 per annum first five
years and $25,000 annually thereafter; $182,000 have been purchased and
are now held in sinking fund.
Dividends.—First dividend on preferred-1 X %—paid July 1906 (V. 82.
was again paid Oct. 1 1900. In 190/, 5%; in 1908
p. 1436) and 1 si
Jan., 1 %. On common—first dividend—%%—Oct. 7 1907 and 4%
paid Jan. 1998.
LATEST EARNINGS.—For 6 months ending Dec. 31 1907, gross,
$783,222; net, $389,472; fixed charges, $163,722; surplus, $205,750.
REPORT.—For fiscal years ending June 30:
Net.. Fixed Charges. Surplus.
Gross.
Year—
$290,720
$319,100
$609,820
$1,332,597
1907
236,410
294,018
530,428
1,175,821
1906
ROAD.—Operates from Fifth Avenue station In the City of Chicago, over
Metropolitan West Side Elevated road; thence on its own line
tracks of the
to Wheaton, with lines from Wheaton to Elgin, Batavia and Aurora; also
rom HigIn to Carp!ntersville, Dundee, St. Charles, Geneva, Yorkville and
Bristol. Total single track, 155 miles. Third rail, standard T. 100 lbs.;
track rails, 80 lbs.
-P., M. J. Mandelbaum: Sec.
OFFICERS.—Pres.. L. J. Wolf, Cleveland; V.
'
Muter; Geo. itgu E..wla
and Crea-i., .t. C. La ug, Cleveland; Anti. C. E. ,
:1-CO. Office, 030 Toe Temple, Chicago, [II.--V. 83. p. 212,
C. Faber,
4911; V. 64, p. 10,: V. 83.p. 121.

DIVIDENDS.—Usually 12%. were In 1893. 24%: in 1894. 12%; in
1895, 12%; in 1896, 12 %; in 1897, 12 %; In 1898, 12 %: in 1899. 12 %; In
1900,12%; In 1901. 10X %; In 1902, 9 %; in 1903,9%; In 1904 9%; in
1905, 9%; In 1906, 9%; in 1907, 014%; in 1908 extra div. of 2h% paid
%.
Feb. 10; Mch.,
ROAD, &c.—On Jan. 1 1008 company operated 244 miles of track,
all now operated by electricity. System covers the South Side of Chicago,
extending from the centre of the business district south to 79th Street and
between the South Branch of the Chicago River and the Lake. Equipment
Jan. 1 1907: Cable grip cars, 767; electric cars, 1.291; horse cars. open, 7;
cable mall cars, 4; electric mall cars, 4; newspaper car, 1; total passenger
and other cars, 2.065.
REPORT.—For 1907 covers the 11 months ending Dec 31, under terms
of ordinance of 1907, with net income for month of Jan. 1907, under Individual operation prior to date when said ordinance took effect. The divs.
as shown below Include the "extra" 2 X % declared payable Feb. 10 1908
(see V. 86, p. 475).
Pass. receipts (11 mos.) _a$7,460,635'Int. on capital invest_y_ _ _$1,116,386
102,0591
Other receipts (11 mos.) _ _
I Inc. from op. (11 mos.) _51,634,976
$7,562,694 I Net income Jan. 1907 (net
Total receipts
281,582
2731
Oper. exp., taxes, renew
-1 1908)
als and Int. on Invest__ 6,410,
----- Net Income
1 92 5 0
51 .'6 10%5
8
0
$1,152,421 I Dividends (9%)
Net earnings
633,8311
City's proportion (55%).. _
$296,000
513,590 I Balance, surplus
Company's prop. (45%)__
--a The passenger receipts as above compare with those for full calendar
years as follows: In 1906, $7,773,446; 1905, $7,210,671; 1904, 56,009,501.
y The "Interest on capital Investment." $1,116,386, is that certified by
board of supervising engineers, as provided by the ordinance of Feb. 11 1907.
OFFICERS.—Chairman Ex. Com., J. A. Spoor; Pres., T. E. Mitten;
-P., R. B. Hamilton; Sec. and Treas., F. D. Hoffman; Aud., J. J. Duck.
V.
—V.84, p. 338, 449, 745, 930, 1365, 1488, 1550; V. 85, p. 39, 529, 721, 792;
V. 86, p. 284. 475.
CHICAGO & SOUTHERN TRACTION CO.—An electric road.
ORGANIZATION.—Incorporated In 1904. In July 1907 purchased the
Chicago Electric Traction Co. (successor to the Englewood & Chicago Electric Ry.) at foreclosure sale. Of the $5,000,000 bonds given below,$2.500.000 have been Issued and are intended to complete the road to Kankakee
Ind.. and for the purpose of paying the $650,000 bonded debt of the Chicago
Electric Traction Co., V. 85, p. 159. The remaining $2,500,000 is to be
used in completing the road to Lafayette.
Maturity.
Interest. Outstanding.
Date.
STOCK AND BONDS—
(?)
Stock, $5,000,000
1937
5
$2,500,000
First mortgage, $5,000,000_ _ _ (?)
ROAD.—The Chicago Electric Traction operated 31 miles of track from
St. to Blue Island and Harvey. The new company has just completed
63d
and put in operation a line to Kankakee, 30 miles. Extension to Lafayette
contemplated.
-P., J. M. Atkinson; Sec.,
OFFICERS.—Pres., William S. Reed; V.
John B. Reed; Treas., W. N. Harding.—V. 85, p. 283.

CALUMET ELECTRIC STREET RAILWAY.—A trolley road.
Sale.—On May 24 1906 receiver of the National Bank of Illinois (which
held control) sold the holdings of the bank to a syndicate headed by Messrs.
Cobe 81 McKinnon of Chicago. See V. 82, p. 1210, 1378. In April 1907
prof:may was reorganized and officers elected as below.
Consolidation.— Cols company is to be consAi(iated with the South Chicago City Railway Co. under the name of the South Chicago Railway Elect ic Co. V. 86, 1). 286.
rnterest. Outstanding. Maturity.
Date.
STOOK AND BONDS.
$500,000
Stock ($100)
Receivers' certlfIcat es (author11899
675,000
5
(zed $850,000)
5 g Al-N
3,000,000 Nov 1 1909
Consol mtge ($3.000,000) ____ 1894
DEPAULT.—Default occurred May 1 1897 on 5s of 1894.
ROAD.—Operates a road, mostly double-tracked, embracing in all 77
miles of track owned and 3 miles leased. This road connects with Cottage
-0:ove Avenue Cable, Alley Elevated and Illinois Central, and reaches
South Chicago, Pullman, West Pullman, Auburn Park, Burnside and
Manhattan Beach. 70, 83 and 85-lb. rails; 226 cars; also 15 new convertiCHICAGO & MILWAUKEE ELECTRIC RR.—A trolley road.
ble double-truck cars. General Electric Co. equipment.
Recetscrshtp.—On Jan. 28 1908 Judge Grosseup appointed W. Irving
-P. and Treas., John W. McKinnon;
OFFICERS.—Pres., Ira M. Cobe; V.
Osborne, Vice-Pres. Central Trust Co., Chicago; D. B. Hanna, Vice-Pres,
Sec.. Frank G. Murray.—V. 77, p. 950, 2389; V. 82, p. 1210, 1378; V. 83, Canadian Northern By.. Toronto, and Albert C. Frost, Pres. of the com80, p. 280.
V.
p. 113; V. 84, p.
pany, receivers. Mr. Frost being objected to withdrew, and H. A. Haugan, Pres. State Bank of Chicago. was appointed in his place. Receivership
CHICAGO CITY RAILWAY.—An electric road.
bonds to provide funds for comple)
purchased by Marshall Field, John J. Mitchell was due t- inability of company to sell V. 86, p. 284,337.
In Jan. 1905 control was
of Milwaukee division of road. See
and P. A. Valentine for 5200 a share on behalf of J. P. Morgan & Co. and a tion
ORGANIZATION.—Incorporated under the general railroad laws of
syndicate.
ORGANIZATION.—Incorporated in Feb. 1859, and has extensive sur- Illinois and Wisconsin and has the same privilege as steam roads. This
& M11face road privileges In the south division of Chicago. The decision of the company was successor by purchase on Dec. 31 1902 of the Chicago of Wis&
United States Supreme Court In March 1006 was adverse to the contention waukce Electric Railway Co. Leases the Chic. ItsMilw. Elec. RR.
$7,000,000 bonds, both
on its principal lines extending to consin for 50 years from 1905, and guarantees
that the esaipany had franchise rights
principal and interest. In Nov. 1905 the Kenosha Elec. By. was acquired
1033. V. 32, p. 627.
New Ordinances and Franclitses.—On Feb. 5 1907 the City Council passed by A. C. Frost, Pres. of the C. & M. In Oct. 1905 he also purchased the
ordinances providing for a settlement of the franchise question. These Waukegan Fox Lake & Western RR., which operated 1 14 miles of track in
,
ordinances were approved at the city election on April 2 1907 and formally Waukegan. Does a freight business. Franchises, except 4, are perpetual;
accepted by the company's board of directors on April 12 1907. An ex- serves 25 cities and towns.
Co.,
tended outline of these ordinances, one to the Chicago City Railway ChiInterest. Outstanding. Maturity.
Date.
STOCK AND BONDS—
and CoVe11.01; the lines operated by that company, and the other to the
$5,000,000
$5,000,000
cago Rys. Co., and covering the lines of the former Chcago Union Traction Stock,E Ry 1st
1,000,000 July 1 1919
5 g J-J
$1,500,0001 1899
C&
Co.(now the Cheap) Railways Co.), was given In V. 84, P. 1123. The value
and Cleveg ($1,000 each) c; may be Int. at Standard Trust Co., N.Y.,
tangible and intangible property of the former system at date of
of the
land Trust Co., Trustees, Cleveland Trust
called any interest day at
of the Chi' ago Union Traction
,an es
the 8,11, , was fixed at $21,000,000,and
Co. and Royal Trust Co., Chicago.
interest
105
j
at $29,000,000—thls latter not covering the lines of the Chicago Consoli- C & andRR 1st M. 55,000,4 1902
4,000,000 July 1 1922
5 g J-J
E
dated Traction. The city or any company authorized by it Is given the
el Int. at Merchants' Loan & Tr. Co., Chicago.
000, gold ($1,000)
right on Feb. t or Aug. 1 of any year on six months' notice, to purchase
Trustee, or Nat. Bk. of Commerce, N. Y.
I
the entire property of the two systems, or either of them, at these figures, Wisconsin Division, 1st mtg.! 1905
10,000,000 Jan 1 1925
5 g J-J
plus "the cost of rehabilitation and extensions, Including fair allowances
guar, gold, 510,000,000 }Interest at West. Tr.dcSav.Bk.,Chlc.,Trustee
for construction. profit and brokerage." But if the properties are acquired
& Trust Co., New York.
)or U.S. Mortgage
(51,000)
for operation by a private corporation, for Its own profit, the purchase price




22

STREET RAILWAYS.

• Bonds.
--01 the $5,000,000 Railroad Company bonds authorized, $1,000,000 are reserved to retire a like amount of bonds of the Railway Company.
Bonds are not subject to call. See V. 76, p. 211; V. 78, p. 1496.
Sinking fund on the Railway bonds of $50,000 per year begins with July 1
1910. No more than the $1,000,000 of these loonds outstanding will be
issued. These bonds are subj. to call on any int. date at 105 and interest.
The Wisconsin Div. bonds are guaranteed, prin. and int., by the Chic.
& Mil. El. RR. of Ill. Ni s. f. ana are not subject to call. A large part of
this $10,000.000 is pedged as collateral for loans.
A $2,000,000 issue of 6% notes was also authorized in 1907 (V. 85, p.
020), but It is understood tnat not more than $100,000 of these notes were
Issued, against which $170,000 of Wisconsin divisiJn bonds are pledged
V. 86,p. 337.
-For years ending Dec. 31:
REPORT.
Gross.
Net.
Other inc. Fixed chgs.
Surplus.
1906
$884,207 • $517,810
$31,791
8347,996
$201,605
594,875
1905
350,323
14,462
263,878
100,907
464,655
1904
285,617
9,147
163,136
131,628
292.247
1903
193.620
1.985
101,805
93,800
-Operates 140 miles from Evanston through Waukegan and
ROAD.
Kenosha to Racine, including extension to Libertyville. Line from Evanston (where connection is made with Chicago) to Waukegan was opened in
Aug. 1899, and extension to Libertyville in Sept. 1903, and to Rockefeller
In March 1905; 38 miles additional to Zion City and Kenosha were placed
in operation Dec. 2 1905 and the line to Racine on Sept. 1 1906. Total
mileage 186. Road is completed to within 6 miles of Milwaukee. Remainder expected to be completed by June 1908. Practically all the road is
built on private right-of-way and the road is double-tracked throughout.
Rails. 65 and 85-lb. V. 67, p. 900.
OFFICERS.-Pres., A. C. Frost; V.
-P., Gordon A. Ramsay;
G. Beach; Treas., W. 0. IKilman; Gen. Mgr., R. B. Stearns. Sec., Pierre
Office, 108
La Salle St., Chicago.
-V.78, p. 1496; V. 81, p. 1492; V. 82, p. 986, 1099;
V. 83. p. 562, 141o; V. 84, p. 601, 1109: V. 83, p. 920; V. 80, p. 51, 10/,
284, 337.

[VOL. Lxxxvi.

Mueller Certificates Invalid.
-At the city election April 3 1906 the proposition for the city. to operate the street railways failed to carry, but the
proposition to issue $75,000.000 Mueller law 5% certificates with which to
purchase the roads was endorsed. V. 82, p. 803. In a test suit' Judge
kVindes in the Circuit Court at Chicago held them valid, but in April 1907
the Supreme Court of Illinois declared them Illegal, holding that, owing to
the manner in which the proposed certificates were to be secured, their
Issuance would be tantamount to an addition to the debt of the city, and
such an addition would bring the city's total indebtedness above the limit
for Illinois municipalities fixed by the Illinois constitution.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
Stock, $100,000
See text.
1 1907
5 F-A
55,000,000 Feb 1 1927
First mortgage (see text)____ Int. at Harris Trust & Savings Bk., Trustee..
or at N. W. Harris & Co.. New York.
Consol mtge,$37,500,000, gold ____
4-5%
37,500,000 20 years
Collateral notes $5,000,000_
6%
5,000,000
5 years
The above shows the capitalization as It will stand after complete reorganization. A few small liens remain outstanding for the time being, as
follows:
West Chicago Street RR
Equipment obligations goldf 1904
6 g M-N
104,000 Nov 1 1908
($1,000) •
lInterest at Standard Trust Co., New York.
Power house mortgages
1888-89 5%
184,000
1928-20
North Chicago Street RR.Equipment obligations, gold! 1904
6 g M-N
56,000 Nov 1 1908,
($1,000)
lInterest at Standard Trust Co., New York.
Bee Car Trust certificates__ 1906
440,000
6
1908-11
Equipment certificates
1907
440,000
-The capital stock of the company, which is issued in the nominal,
Stock.
amount of 8100,000, has been made the subject of a trust agreement, dated
Aug. 1 1907, and executed Jan. 25 1908, by and between the Chicago Railways Co. and Messrs. Adolphus C. Bartlett, Chauncey Keep, Charles H.
Eulburd, Albert A. Sprague and Charles G. Dawes, as depositaries, and
Central Trust Company of New York, as custodian. Under this agreement
the stock serves as a basis for the issue of the participation certificates,
representing in all 265,100 equal parts. Series 1 consists of 30,800 parts,
Series 2 of 124,300 parts, Series 3 of 60,000 parts and Series 4of 50,000 parts,
Series 1, 2 and 3 are entitled, in the order of priority named, to cumulative
dividends of $8 for each part, beginning with year ending Aug. 1 19(18, and in
the distribution of capital to $100 for each said part. Series 4 is entitled
to any remaining profits or capital distributed. V. 85, p. 1269.
Dividends on participation certificates Series 2 are limited to $4 on each
certificate ($497,022 16 for the series) so long as more than 501' of Series C'
bonds remian outstanding, and thereafter to $5 per certificate e$621,277 70
for the series) until the remainder of Series C bonds is redeemed. Series
2.
however, is entitled to unpaid accumulation on account of Its
certificate (beginning with the year ending Aug. 1 1908), but only$8 per earned
when
and after payment of all accumulations of sinking fund and of dividends
on
Series 1.

CH ICAGO RAILWAYS CO.
-An electric road. (Sec Map on page 23.)
ORGANIZATION.
-Incorporated in Illinois In Oct. 1903 and on
1908 acquired at foreclosure sale the property of the old ChicagoJan. 25
Traction, comprising the lines of the North and West Chicago StreetUnion
RRs.
The purchase was under a plan of reorganization and readjustment dated
Oct. 15 1907 and outlined in V. 85, p. 1269; see alsa page 1576. The former properties had first been leased to the Chicago Railways Co. for 20
years, but leases were terminated on confirmation of sale of Chicago Union
Traction to Chicago Rys. Co. The reorganization was in conformance to
the terms of the traction ordinance for this company and the Chicago City
By. passed at the popular election in Chicago In April 1907 (see remarks
under Chicago City By. and V. 84, p. 1123), and finally amended and approved by Judge Grosscup and Mr. Gray, the arbitrators. The companies
embraced in the reorganization were the following:
North Chicago City Ry. Co.,
Chicago Passenger Ry. Co.,
Chicago West Div. Ry. Co.,
West Chicago Street Railroad TunBonds.
-First mtge. bonds are issued only to provide funds for
North Chicago Street RR. Co.,
nel Co.,
tation. They may be redeemed at par and accrued Interest on anyrehabiliWest Chicago Street RR. Co.,
interest
Chicago Union Traction Co.
day. The bonds will have a first lien on the entire property, rights and
Franchises.
-On Feb. 5 1907 the City Council passed ordinances providing for a settlement of the relations between the city and the street franchises of the company. The authorized Issue Is limited to the aggregate
of- the amounts
railway companies. V. 84, p. 338. Mayor Edward F. Dunne, who had engineers; the approved from time to time by the board of supervising'
immediate issue is $5,000,000, which has been purchased
been elected two years previously on a platform promising Immediate by N. W. Harris
& Co. and the National City Bank of New York. V. 86,
ownership of street railways, vetoed these ordinances. On Feb. 11 1907 p. 284.
the City Council again passed the same over the veto. V. 84, p. 390. At
The consolidated mortgage consists of Series A for $15,900,
000, Series lb
the city election April 2 1907 Mayor Dunne was defeated for re-election by for $16,900,000
and Series C for $4,700,000. Series C bonds have sink.
his Republican opponent, and the traction ordinances were approved by a
popular majority of over 33,000. The ordinances, which relate to the fund of $250,000 per annum if earned, beginning Aug. 1 1008, but cumulative until paid. Of Series A bonds, $6,767,200 are reserved for use as
Chicago City Railway Co. and the Chicago Railways Co., provide for the collateral for
complete rehabilitation of the lines of the two systems, for a division $5,000,000. the 6% 5-year notes, which may be issued to an aggregate of
Bonds of 3 series bear interest at 4% until Feb. 1 1912 and
between the city and the companies of any profits remaining each year 5% thereafter.
The coll. notes are redeemable 3 years from date at par.
above certain deductions and allowances and also allow the city, on six
ROAD.
-Comprises 303 miles of track, serving the North and West
months' notice, to acquire all the properties at certain agreed figures In
addition to the cost of reconstruciton. The franchises granted by the sides of the city. This Is exclusive of tile mileage of the Chicago Consolidated Traction. •
ordinances expire Feb. 1 1927.
•
In the remarks concerningtheChicagoCity Ry.onaprecedingpageof this
EQUIPMENT.
-Feb. 1908 equipment
single and
publication will be found a brief summary of the main terms, requirements double-truck motor cars and 343 single and consisted of 1,175cars. Prior
double-truck trail
and conditions of these ordinances. A very extended outline of the same to Feb. 1 1911 company must provide 1,200 double-truck closed cars of
was printed in the "Chronicle" of May 11 1007, pages 1123, 1124 and 1125, modern type specified In franchise ordinance.
•
to which the reader is referred for detailed information.
REPORT.
-Comparative earnings of the old companies for years endThe ordinance for the Chic. Rwys. Co. requires that within three years
from Feb. 11 1907 the company shall free the properties from all of the old ing Aug. 31 (V. 85, p. 1003):
NORTH CHICAGO S7'REET NAILuoitn.
liens, which requirement the Chic. Rwys. Co. will be able to fulfill. The
ordinance further provides that the valuation of the properties acquired
1906-07,
1903-04.
1905-06.
1004-05.
shall be deemed and considered to be $29,000,000 (the value fixed by a, Gross earnings
$3,507,014
board of expert engineers acting for the city), plus a sum yet to be deter- Operating expenses.... 2,392,684 $3,518,004 $3,245,513 $3,174,514
2,118,478
2,185,604
2,117,584
mined with exactness, but which it is understood will be approximately
$1,500,000 for expenditures from the date of the valuation on June 30 1906
Net
$1,114,330 31,332,310 51,127,929 31,056,036
to Feb. 1 1007, making the total valuation of the properties as recognized Other income
21,069
21,467
22,939
25,172
by the ordinance approximately $30,500,000', as of Feb. 1 1907.
All expenditures for reconstruction and extensions are to be made under
Total Income
$1,135,399 $1,357,482 $1,150,868 $1,077,503
direct supervision of a board of supervising engineers, headed by Mr.
the
WEST CHICAGO STREET RA ILW A V.
Bion J. Arnold, and the company is required, under conservative restrictions, to advance moneys for the construction of subways by the city.
1903-04.
1906-07.
1904-05.
1905-06.
The expenditures for reconstruction and extensions, including any contri- Gross earnings
$6,850,050
35,523,135
butions for subways, after Feb. 1 1907 are to be added to the value of the Operating expenses... _ 4,651,086 $6,573,964 $5,963,016
3,802,898
3,958,136
4,335,737
properties recognized by the ordinance, together with 5% of such expenditures for brokerage. As compensation for its services in construction,
$2,198,064 $2.238,227 $2,004,880 $1,720,237
Net
the company will receive an additional 10% of all expenditures for recon- Other income
44,303
34,282
45.819
50,404
struction- and extensions, exclusive of amounts contributed for subways.
The ordinance requires through routing over certain lines of the Chicago
Total income
$2,233,246 $2,288,631 $2,050,690 51,764,540
City By. Co. and the exchange of transfers with that company. The lines
-Chairman Board of Directors, Henry A. Blair; Pres.,
OFFICERS.
of the Chicago City By. Co. cover what is known as the South Side of ChiJohn M. Roach.
cago, and the lines of the Chicago Rwys. Co. the North and West Sides.
INDEX.
-V. 82, p. 1322: V. 83. p. 491; V. 85, p. 139, 315, 404, 468,
Right to Purchase by City.-Under the terms of the franchise,the company
has agreed to waive all rights under previous grants, and has granted the 529, 653, 722, 1289, 1401, 1517, 1576, 1615:V. 86, p. 51, 1.67, 223, 284,420.
city an option to purchase all of its property for municipal operation at
(1) Chicago Consolidated Traction.-Blectrle roads.
any time prior to the expiration of the 20-year franchise granted the comThe Chicago Railways Co. Is understood to e.wn all but $25,500 of tile
pany by the ordinance. The price to be paid by the city to be approxi- $15,000,000 stock of the ChIcag)Consolidated Traction Co.
mately $30,500,000, the valuation of the properties Feb. 1 1007, as above
-The Chicago Consolidated Traction was organized'
mentioned, plus all expenditures after that date for reconstruction, exten- in ORGANIZATION.
West Chicago.
Feb.
sions and additions to the properties, including any amounts advanced to (V. 68,1899 to unite the suburban lines of North Chicago and
p. 769).
the city for construction of subways In the downtown business district.
Maturity.
STOCK AND BONDSDate.
Interest. Outstanding.
In case the property shall not be purchased, as above stated, prior to 1927,
$15,000,000
$15,000,000
the expiration of the present franchise, the city covenants that it will not Stock,mortgage, gold, $6,-1
6,750,000 Dec 1 1939'
1809
4
J-D
then grant a franchise to any other corporation for the operation of a com- First
750.000
'lint. at Equitable Tr. Co., Chicago, Trustee.
peting system in the company's territory, unless such other corporation
principal and interest, by the
The bonds for
shall purchase the property of the company at said price. The city also Chicago Union $6,750,000 were guaranteed,
Traction. The Chicago Consolidated Traction when it wa
has the option of requiring the company to sell its property to any other organized assumed the bonds
of the constituent companies (which it agreed'
licensee corporation of the city, or to purchase the property itself for munici- to guarantee) and also
the lease of the Chicago North Shore Street Railway,
pal ownership (with no requirement as to municipal operation) at any time under which
the $650,000 stock of the latter.
6%
during the life of the franchise; but in case of such purchase by the city The statement to dividends are paid onExchange under date of March 27
the New York Stock
or a licensee,the price to be paid shall be 20% more than the price above 1899 showed that the
mortgage indebtedness of the constituent companiesmentioned. In any event (1) the purchase price must be paid in cash and assumed aggregated
$6,085,000, including the $650,000 stock of the Chicago
deposited in national or State banks, each of which must have a capital North
Street By. Below is the debt of the constituent companies in
and surplus of at least $1,000,000,and must be approved by the company, detail. Shorethe
By
terms of the several trust deeds of these mortgages, no addiand the first mortgage bonds of the company will attach to such cash as a tional bonds can
be issued except for construction, and then for only 75%
first lien in the event of such purchase; or (2) such purchase (if made within
said 20 years) must be consummated expressly subject to the first lien of of the actual expenditure therefor.
this mortgage, but if made at the expiration of said 20 years,the amount
OBLIGATIONS OF SUBSIDIARY COMPANIES.
thereof must also be so paid in cash.
Chicago Electric Transit.
Compensation to City.
entitled to a straight 5-cent fare,
-The company is
BONDSInterest. Out
. Maturity.
with universal transfers. In turn provision is made for special coinpensa- lst mtge, no option ($1,000)__ Date. 6 ,A
$1,097,000 Aug I 1914
I.
1.894
Lion to the City of Chicago, but this compensation is payable only out of
Interest is payable at office of trustee, the Illinois Trust & Savings Bank.
surplus earnings of the company after paying or providing for all opthe
$2,000,000 bonds at not exceeding
This mortgage provided
erating expenses, including the charges for maintenance and depreciation the cost of improvements,for the issue of
extensions, &c., and for additional bonds at not
prescribed in the ordinance, and 5% upon the valuation of the company's above 75% such
cost.
property at which it may be purchased by the city for municipal operation,
Chicago & Jefferson Urban Transit.
as above stated. Of the surplus earnings so remaining, the City of Chicago
Interest. Outstanding, Maturity.
Date.
receives 55% and the company 45%.
6 M-N
$208,000 Nov 1 1915
{ 1895
-The trust indenture securing the participation 1st mortgage
Control by Trustees.
Interest at Chicon:, °flirt..
securities provides that until Aug. 1 1912, and to the full extent thereafter
The first mortgage was for $2,000,000, but additional bonds to be issued
which may be permitted by law until all of the consolidated mortgage bonds
of the company shall be fully paid and discharged, the directors of the for extensions. &c. Trustee, Illinois Trust & Savings Bank.
company shall be elected by Messrs. A. C. Bartlett, Chauncey Keep,Charles
Cicero & Proviso Street Railway.
H. Hulburd, Albert A. Sprague and Charles G. Dawes of Chicago, and it is
Interest. Outstanding. Maturity.
Date,
understood that provision will also be made in the trust deed securing the Consol mtge, $2,500,000, goldl 1895
5g
$1.008,000 May 1 1915first mortgage bonds for the appointment of a permanent finance committee
($1,000)
I Interest at III. Trust &Savings Bank,Tusstee
composed of Messrs. Henry A. Blair, Chauncey Keep and B. A. Eckhart,
$500,000 of the bonds were reserved for improvements at not exceedingof Chicago.
75% of cost.




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STREET RAILWAYS.

Ogden Street Railway.
Interest. Outstanding. Maturity.
Date.
f 1896
6 M-N
3576,000 May 1 1916
)Trustee is Illinois Trust & Savings Rank.
The supplemental mortgage, executed Jan. 22 1898, limits the Issue of
*1,500,000. Additional bonds (beyond the $576,000 out) can be
bonds to
Issued only for 75% of the cost of new construction.
Evanston Electric.
Date.
Interest. Outstanding. Maturity.
6 F-A
Mtge for $1,000,000, currency__ __
$130,000 Aug 1 1916
North Side Electric Street Railway.
Date.
Interest. Outstanding. Maturity.
6 11-N
1st mortgage, currency
$155,000 Nov 1 1915
5 1895
I.Trustee, Ill. Trust & Say. Bank, Chicago.
Interest is payable at Chicago office or the fiscal agency. The mortgage
provides for the issue up to $1,500,000 at not exceeding the cost of construction: further bonds can be issuedtat 75% of cost of extensions and
improvements.
North Chicago Electric Railway.
Date.
Interest, Outstanding. Maturity.
1st mtge, $1,000,000 ($1,0001 1894
6 F-A
$868,000 Aug 1 1914
not subject t.) call)
fInterest at Illinois Trust (trustee), Chicago.
Chicago & North Shore Street Railway.
Date.
Interest. Outstanding. Maturity.
Capital stock, 6%
6 Q-J
*650,00u
See text
1st mortgage, 41,500,000,1 1804
6 g A-0
675,000 April 1 1912
gold
c*JSubject to call at 105 any April 1 after 1905.
The bonds, guaranteed by endorsement by the North Chicago Electric
Railway, and the stock guaranteed 6% per annum by the same company,
are listed on the Chicago Stock Exchange
Interest is paid in New York by Chase National Bank and in Chicago at
Illinois Trust ec Savings Bank, Trustee.
REPORT of Cnicago ConsAidated Traction for yews ending Aug. 31
(V. 85, p. l003):
1905-06.
1904-05.
1906-07.
1903-04.
Gross earnings
$1,951,270 31,833,559 $1,605,798 $1,468,631
Operating expenses
_ _ 1,667,869
1,314,409
1,123,301
1,223,182
Net earning
$283,401
$482,497
$519,150
$245,449
Other Income
82,881
82,452
82,152
80,342

STOCK AND BONDSDate.
Interest. Outstand'g. Maturity,dee.
Common, $7,500.000
$7,464,100
Frei,5% non-c. $9,000,000_ __
Q-M 30
8,707,900 Sept 30'07,
1st mtg,$10,000,000 ($1.000)1 1898
4 g F-A
10,000,000 Aug 1 1938
el.( Cent. Trust Co., N.Y., and G. Sherman, Tr.
gold
lInterest at Cent. Trust Co., N.Y. and Chic.
1st mtg ext. 85,000,000 1901
4 g J-J
3,321,000 July 1 1938
($1,000), gold, red. at 105 Northern Trust Co., Chicago, Trustee.
on any interest day on 4 Interest .at company's office In Chicago, or
weeks notice
c*J Central Trust Co., New York.
5 g A-0
Col gold bonds, $600,0001 1906
See text
500,000
'Int. at Merch. Loan&Tr. Co., Chic., Trustee.
($1,000)
6 J-D
Colateral trust notes $100,00011907
$100,000 See text
c*"Int. at Cuicag, Say. & Trust C •. Trustee.
) nll
TAeeiteo slon mortgage of 1901 covers the extension as a first lien,
500 g'
also 68 cars, a 3,500 H. P. engine and the new down-town terminal; the
bonds also cover the rest of the property as a second lien, subject to the
$10,000,000 first mirtgage. V. i2, p. 1080: V. 73, p. 20. Aiiiount outstanding, $3,321,000, in addition to amounts pledged for collateral trust
issues.
The c-ilateral bonds of 1906 are payable serially $50 000 each six months
from April 1 1907 to Oct. 1 1912; total Issue was 8600,000, but $50.000
matuted April 1 1907 and $50,000 Oct. 1 1907. They are secured by a
deposit of first mortgage extension bonds at the rate of $75,000 bonds for
each $50,000 of present Issue. They are redeemable on any Interest day
on 30 days' notice at 101 and interest. V. 84, p. 1114.
The collateral trust notes of 1907 mature in ten semi-annual installments
of $3,000 each,from June 1 1908 to Dec. 1 1912 inclusive. They are secured
by $200,000 Met. West Side Elev. ext. 4s and are redeemable at 101 and Int*
on any int, day on 60 days' notice. V. 86, p. 52, 108.
Has guaranteed 3407000 bonds of Union Consolidated Elevated.
In March 1900 the Slew York Stock Exchange listed the 1st mortgage
bonds and the common and preferred stock. V. 70, p. 737.
The fiscal year was changed in 1906 to end Dec. 31 instead of Feb 28.
1907 report will be found in V. 86, p. 418. Figures below cover the calendar
years 1907, 1906 and 1905.
1907.
1906.
1905.
54,280,888 49,771,812 45.358,843
Passengers carried
$2,778,597 $2,545,136 $2,312,418
Passenger earnings
99,091
92,766
Miscellaneous earnings
89,864
--------- --------- --------$2,878,588 $2,637,902 $2,402,052
Gross earnings
expenses
1,443,499
Operating
1,290,359
1,159,192

Total income
$602,031
$365,853
$564,649
$325.791
ROAD.
-The property embraced in the constituent companies consists
of 181.17 miles of single-track electric street railway, located in the City of
Chicago, the township of Cicero and the city of Evanston, all in Cook
County. The lines extend over the entire north, northwest, west and
southwest sections of the City of Chicago, and connect at their respective
terminal points with the lines cf the Chicago Railways Co., over which
passengers are carried originating on the lines of the Consalidated Traction,
and vice versa.
Ralisare Johnston-girder, 75 to 85-lbs.; gauge, 4 ft. 834 In.
EQUIPMENT -112 box motors and 120 open motors.
OFFICERS.-Pres.,John M. Roach; Asst. Sec., F. E.Smith; Asst. Treas.
M. B. Orde. Transfer and General Offices, 45 Wall St. N. Y., and 444
North Clark St., Chicago.
-V. 82, p. 1210; V. 84, p. 1181, 1306.
GENERAL ELECTRIC RAILWAY.
ORGANIZATION.
-On Jan. 18 1896 obtained a 20-year franchise for a
system of lines from the Dearborn Station, south on Plymouth and Custom
House Places, and Dearborn Street to 22d Street, connecting at 18th Street
with the Chicago Union Traction Co.. at Archer Avenue with the Chicago
City By., and at 22d Street with the Chicago General By., and in Feb. 1897
additional franchises were granted, which, together with the first-named,
cover 56 miles of track. Is in operation from Dearborn Station south to
22d Street, embracing 234 miles of single track. The company agrees to
dlOoLgi• r sla oj sive year years of franchise.734% for third
a;
os f f econd fir
o
thyears t
ey a itrn
Interest. Outstanding. Maturity.
STOCK AND BONDS.
Date,
$5,000,000
Stock $5,000,000
5 1896
5 g A-0 abt. 500,000 Oct. 1916.
First mortgage gold
1 Interest at Morton Trust Co.. New York.
Mortgage authorizes a first issue of $3,000,000, then $2,000,000 for extensions, and additional amounts at 85% of cost of still further extensions
and Improvements. Trustees. Chicago Title & Trust Co. of Chicago and
State Trust Co. (now Morton Trust) of New York.
OFFICERS.-Pres.. Ferdinand Goss; Sec. and Treas., Jos. D. Goodman,
-V.66, p. 1188.
Chicago. Office, 356 Dearborn Street, Chicago.

Net earnings
Other income

$1,435,089
6,820

$1,347,543
16,665

$1,242,860
11,450

Total __
Deduct
Rentals
Taxes, &c
Interest

$1,441,909

$1,364,208

$1,254,310

$299,044
176,390
574,690

$270,561
158,128
556,449

$263,952
124,644
548,354

1st mortgage ($1.500,000)

E

CHICAGO & OAK PARK ELEVATED RY.
Consolidation with Northwestern Elevated RR. Is looked for. V. 84,
p. 569.
ORGANIZATION.
-This company was incorporated in New Jersey on
April 22 1904 to hold the securities of the Chicago & Oak Park Elevated
Railroad Co., formerly the old Lake Street Elevated RR., reorganized per
plan in V. 77, p. 1874; V. 78, p. 1392. Besides $9,140,642 stock and $864,100 income bonds, also holds $1,608,500 notes of the Chicago do Oak Park
Elevated Railroad Co. issued by that companylor loans made to it by the
Railway Co. The old Lake Street $10,000,000 of common stock paid an
assessment of $2 per share,and received $4 in new preferred and $40 in new
common stock for each share of old stock. Income bondholders received
80% in new preferred stock.
Date.
STOCK AND BONDSInterest. Outstanding. Maturity.
Common, $6,000,000 ($100)
$3,656,100
Fret, $3,200,000,5% n-c,($100)3,044,800
Lake St El 1st M,$5,000,000,1 1893
5 J-J
5,000,000 July 1 1928
American Trust & Say. Bank, Chicago, and
guar by N W El
Central Trust of Illinois, Chic., Trustees.
Deb note (C&O P El RR)_ _ __ 1904
2
350,000 Jan 11000
Notes payable Dec 31 1906..
563,500
Bonds.
-First mortgage bonus assenting to reorganization were stamped
subject to call at 105 and interest on any interest date. The debenture
note was issued by the Chic. & Oak Park El. RR. for the claim of the North
Western Elevated RR., amounting to $770,035, and 13 guaranteed by the
Chic. & Oak Park El. Ry. The old income bonds, with the exception of
about $140,000, are held in the treasury of the railway company.
ROAD.
-Owns a double-track elevated railway from Fifth Avenue and
Lake Street to 52d St. and Lake St., with spur down Market St. to Madison
St. Connects with Suburban RR.for traffic outside the city. V. 65,p,236.
Trains began running around the loop in Oct. 1897. Chic. & Harlem forms
an extension comprising 4 miles more of double track. Total single track,
22 miles.
REPORT.
-For years ending June 30 for Railroad Co.:
1907.
1906.
Passenger earnings
$863,637
Other earnngs
23,146
Total earnings
Operating expenses

$892,569
527,180

$886,783
505,539

Net earnings
Other income

$365,389

3381,244
3,772

Total Income
Fixed charges

$365,589
385,016
420,334
425,072
----Balance
def.$63,945 def.340,055
OFFICERS.-Pres., Redmond D. Stephens; V.
-P., Chas. A. Boston:
Sec. and Treas., William V. Griffin, 1117 Merchants' Loan do Trust Bldg.,
Chica2,• ..-V. 84, p. 218, 569, 9'3(1: V. 86, p. 337.
t

--See Union Elevated.
LOOP ROAD.
METROPOLITAN WEST SIDE ELEVATED RY.-An electric road.
ORGANIZATION.
-Organized in Illinois Jan. 16 1899. Successor on
Feb. 3 1899 (per plan In V. 67, p. 126) to the Railroad Co. sold under foreclosure on Jan. 4 1899. Company in July 1005 refused to accept city ordinance permitting it to carry express matter and milk. V. 81, v. 508.
Franchise expires April 7 1942. Voting trust expired Feb. 1 1904. V. 78,
p. 343.




B Ila
Da v
sur.$611,785 sur.$379.270 sur.$317,360
ENDS.
-First dividend on pref. stock, 234%, Feb. 28 1000 (out
InDee
of earnings for year ending Feb. 28 1900); then 2% Aug. 31 1900; 1 %
Feb. 1901; Aug. 31 1901, 2%; Feb. 28 1902, 1 %; Aug. 301902, 1 Si %;
Feb. 28 1903, 134 %; in 1907, March 30, V, %; June 29. Y, %; Sept. 30.
%; the Dec. payment was postponed.
ROAD.-Frcm terminal station at 5th Ave. westerly about 634 miles.
with branches; total length of road (Including Douglas Park branch and
extension and Garfield Park branch), 18.40 miles; the first 1.67 miles are
four tracks the rest two tracks, making single-track miles 40.14; also leases
the Union Elevated, 0.38 mile, the Union Consolidated Elevated RR., 4
miles, and leases 3.3 miles from Aurora Elgin & Chicago RR.,snaking total
operated 49.13 miles of track. Has joint lease with other elevated roads
of the Union Elevated or "Loop Line." Road began using loop in Oct.
1897. The road is operated by electricity. See V. 58, p. 866. Right of way
is owned in fee. Equipment Jan, 1 1908 consisted of•225 motor cars, 183
caches, 79 control-coaches and 17 miscellaneous. Gauge, 4 ft. 834 in.
On March 11 1905 the cars of the Aurora Elgin & Chicago By. began
operating over this company's lines to the 5th Ave. terminal under a traffic
agreement, the Met. West Side, In turn, securing the right to the territory
west of the 52d Ave. terminal on the Garneld Park line as far as the Dee
Plaines River, al) ut 3.3 miles double track. V. if), p. 1104.
OFFICERS -Pt-es Howard G. Hetzler: V -P..
H. fle"11:1* Sec.
and Treas.. Paul D. Sexton; Asst. Sec. and Asst. Treas., W. F. Holtz;
Auditor,T. B. MacRae; Gen. Mgr., B. I. Budd. Office, 169 Jackson Boule-V. 82. n. 805, 86/1, 868, 1157; V. 83, p. 323. 818; V. 84,
vard, Chicago.
p. 220, 570, 804, 939. 1114; V. 83, p. 1546; V. 86, p. 52. 108, 337, 418.
NORTHWESTERN ELEVATED RR.
ORGANIZATION.
-Road was formally opened for business on Slay 31
1000. V. 70, p. 1049.
In Sept. 1901 the Union Elevated RR. was acquired. The new mortgage
for $23,000,000 was authorized for this purpose and for refunding the 5%
bonds.
An additional $3,000,000 of these bonds was issued in Aug. 1906 to provide for the Ravenswood extension, and authorized amount of preferred
stock was increased to $25,000,000 to provide for convertible feature of
new bonds. See V. 83 p. 436.
STOCK AND BONDS- Date.
Maturity,
Interest Outstanding.
$5,000,000
Stock, $5,000,000
5,000,000
Pref stock, 5%,$25,000,000._
non-cum.
14,445,000 Sept 1 1911
First refunding mortgage,) 1901
4 g M-S
$25,000,000, cony. gold)Interest at Illinois Trust do Savings Bank,
(31,000, 35,000, 310,000).1 Chicago, Trustee, or Blair do Co., N. Y.
Bonds.
-Of the new $25,000,000 mtge., present issue is $18,000,000, of
which $3,55 •,000 remains in the treasury available for improvements, &c.
The new bonds are convertible at the option of the holder into preferred
stock, and can be redeemed at any time at the option of the company at
10234 and accrued interest on or after Sept. 1 1906. If called for redemption, the holder will have the right even then to take preferred stock in
lieu of cash. V. 72. p. 1081.
Voting Trust.
-Both 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 trusttees, consisting of John J. Mitchell, Marshall Field and James A. Blair,
until March 11906, or until dividends shall have been paid for three consecutive years on such stock.
REPORT.
-For years ending June 30 (including Union Elevated) see
V. 85, p. 789.
Year
Gross.
Net.
07
$247:4159578
1, 0 , .
0 8 43
*1,356,012
$C4arge3 4
3817, 08
2 0
1906
$2,100,316
962,656
1,243,154
1,948,727
952,627
1905
1,786,414
-The road starts at the inters 78lon of Wilson and Evanston
ROAD.
8
l89ect
avenues, 7 miles from the Court House, and has 5.52 miles of four-track.
making 28 miles of single track. Right of way is all owned in fee except at
street crossings. An extension of 33% miles of double track to Ravenswood
was put in operation in May 1907.
Under an operating agreement with the Chicago Milwaukee & St. Paul
Railway Co. made in 1907 this company's service will be extended to Evanston over the Evanston Division of the former road after this division has been
electrified. Service expected t be started abi,ut May 1908.
OFFICERS.-Pres., Mason 13. Starring; V.
-P., Clarence Buckingham;
Sec. and Treas., W. V. Griffin. Directors-Clarence Buckingham, J. L.
Cochran, W. V. Griffin, Chauncey Keep, Charles F. Ayer, Mason B. Starring, W. W. Miller. John B. Dennis. of Blair do Co., and Samuel McRoberts.
V. 84, p. 571, 804, 1248: V. 85, p. 723, 789: V• 86, p. 421.
(1) Union Elevated Railroad.
Is used by all the Chicago elevated roads, and receives Si % for each
passenger carried, besides all expenses for operating, repairs and taxes.
BONDSInterest. Outstanding. Maturity.
Date.
1st mtge,$3,000,000,g(31.000) 1893
$4,666,009 Oct 1 1045
5 g A-0
Interest at Chase Nat. Bank, N. Y., and Ill. Trust & Say. Bank, Chicago.
Bonds.
-Of the $4,666,000 bonds issued, $184,000 are in the treasury.
-The loop is 1.03 miles in length, double tracked (80-lb. rails),
ROAD.
and runs on Lake St. to Wabash Ave., to Van Buren St., to Fifth Ave., to
Lake St. Road opened Oct. 10 1897. Trains of the Chicago & Oak Park
Metropolitan West Side, Northwestern Elevated RR. and South Side
operate over the loop.

FEB., 1908.)

25

STREET RAILWAYS.

SOUTH CHICA00 CITY RAILWAY CO.
Consolidation.-linad is to be cons,lidated with the Calumet Electric
Street Ry. See V. 86, p. 286.
-Incorporated May 31 1883. Operates two lines
ORGANIZATION.
from Jackson Park to 106th St. and the Indiana State Line along the
shore and both sides of the Calumet River. Hammond Whiting &
Lake
East Chicago Electric Ry. Is controlled in same interest.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
$2,000.00
Stock ($2,000,000 authorized)
1890
5 J-J
50,000 July 1 1910
Mortgage, currency
5 g A-0
1,944,000 April 1 1913
1st mtge, $5,000,000, goldl 1893
cef Int. at Illinois Tr. & Say. Bk., Trustee, Chic.
($1,000)
-Owns 31.4 miles of track in Chicago and controls the Grand
ROAD.
Crossing & Windsor Park RR.Co., 3 miles; total 34.4 miles. Rails 75 and
85 lbs.
Operated in connection with the Hammond Whiting & E. C. Electric
giving a line to Whiting and East Chicago. and makes a direct route of 14
miles from 63d St. and Madison Ave., Chicago, to Hammond, Ind.
-P., D. M. Cummings; Sec. and
OFFICERS.-Pres., D. F. Cameron; V.
Treas., 0. S. Gaither; Gen. Mgrs., A. L. Drum & Co., 624 No. 125 Monroe
St., Cakago.-V. 67, P. 1002; V. 69, p. 1043; V. 8O, p. 601; V. 86, p. 213.

-A trolley road.
SOUTHERN STREET RY CO.
ORGANIZATION.
-Incorporated in Illinois as a reorganization of the
Chicago General Ry., which was bid in at foreclosure sale on Sept. 30 1907
by the Southern Street Railway Co. for $2,626,053. V. 85, p. 863.
An ordinance asking 20-year franchise and outer privileges graiued to
Chicago City Ry. and Chicago Rys. Co. was pending in City Council in
Feb. 1908.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
$800,000
Stock, $800,000 ($100)____
600,
000 July 1 1919
5 g J-J
New mtge, $800,000 ($50,1 1904
$100, $500 & $1.000), g_c*fInt. at Amer. Tr. & Sav. Bk., Chic., Trustee.
lionds.-Bonds are subject to call ,)11..r alter July 1 19u9 at 105 anu
'
besides the $800,000 outstandinT, 8200,0,m are In t.'easiiry of r Mpany.
-Owns 21 miles of track; extends from Wabash Ave. to 40th
ROAD.
Ave. on 22d St., also on 25th St., Lawndale Ave., Kedzie Ave., Homan
Ave. and Throop St. Operates 20 cars.
OFFICERS.-Pres. and G.m. Supt.. James C. Cleary, 1608 W. 220 St.,
Chicago; Sec. and Treas., Allen R. Smart; Gen. Mg.*. and Counsel. Glenn
E. Plumb, 409 Merchants' Loan & Trust Bldg., Chimg).-V. 80, p.
1059; V. 85, p. 723.
-An electric ele-("Alley Elevated")
SOUTH SIDE ELEVATED RR.
vated road.
-Successor January 1897 to Chicago & South Side
ORGANIZATION.
R. T. RR.(foreclosed per plan V. 83, p. 1158). July 31 1900 the Appellate
Court sustained the validity of the foreclosure (V. 71, p. 236), and on Feb.
21 1902 that decision was concurred in by the State Supreme Court. V. 74,
p. 477. Franchise expires March 26 1038. Leases the Chicago Junction
RR., which see below.
Stockholders voted on April 7 1904 to increase the capital stock to $17,550,500, to provide for extensions, but subsequently (V. 79, p. 681) rescinded the action and made the new mtge. given in table below. V. 79.
p. 734; V. 84, p. 159, 932.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
5ji,33I ,4 ti Dee 31 ' ,1
-,`,1
Stock, $10,323,800
8,000,000 Deo 31 1924
4 g J-J
1st mortgage, $8,000,000, gl 1904
eel Int. at Ill. Tr. & Say. Bank, Chic., Trustee.
($1,000)
-The new bonds are subject to call on or after Jan. 1 1910 at 105
Bonds.
and interest.
-First dividend of 1%(out of earnings for four months ending
Dividends.
April 30 1899) was paid May 1 1899; then Sept. 1, 1 %; Dec. 30, 1 %. In
1900, 3%. In 1901, 33%. In 1902, 4%. In 1903. 4%. In 1904, 4 %.
In 11)05, 4%. In 1906, 4%. In 1907, 4%.
-For years ending Dec. 31 1907, report in V.
ANNUAL REPORT.
86, p. 334. Passengers carried in 1907,40,438,620.
1906.
1907.
1906.
1907.
$439,508 $547,956
Gross receipts $2,105,193 $1,788,975 Surplus
409,187 409,177
581,806 Dividends
Net, aft. taxes 645,447
30,321 138,779
33,750 13alance for yearInterest
*205,939
*Includes $9,064 rental paid to Ch cagn Junction Ry.
upon a purchased
ROAD.
-Owns elevated roan in operation in Chicago
right of way from Congress St.to Jackson Park,14.16 miles of double and
single track; total single track, 37.60 miles. Operation of trains over the
"Loop"(Union Elevated) began Oct. 18 1897. Electricity was introduced
as motive power late in April 1898. Operates 370 motor and 30 trail cars.
The extension to Englewood and the Lake Ave. extension are now both
being operated. Also leases Chicag Junction RR., which see below.
-P.,
OFFICERS.-Pres. and Gen. Mgr., Charles Valentine Weston; V.
Noble B. Judah; Sec. and Treas., Horace F. Hardy. Office, 47 Congress
-V. 82, p. 278. 1041; V. 84, p. 159, 272, 336, 932; V. 85,
St., Chicago.
p. 1519; V. 86, p. 109, 286, 334, 338.

CHICO, CAL.
NORTHERN ELECTRIC RY.
ORGANIZATION.
-Incorporated in California Sept. 19 1907 and acquired the entire properties of the Northern Electric Company and Shasta
Southern Ry. Co. The Northern Electric Company was incorporated in
Nevada and has a contract with California Gas & Electric Corp. allowing
its cars to enter Sacramento. In 1906 Northern Electric Co. franchises
were said to be for not less than 50 years.
Date.
Interest, Outstanding. Maturity.
STOCK AND BONDSCommon $15,000,000 ($100)
(?)
$5,000,000
Pref$10,000,000($100)5% n-c
Dec 1 1947
5 g J-D
None
Northern Eiec Ry 1st & cons1 1907
mtge $25,000,000 gold__ __lint. at Mercantile Tr. CO., San Fran., trustee
5 g A-0
3,787,000 Oct 1 1955
Northern Elec Co M $6,000,-1 1905
000 g ($1,000) sink fund__'Int. at Mercantile Tr. Co., San Fran.,Trustee
-Of the Northern Electric By. bonds $3,787,000 are reserved to
Bonds.
retire a like amount of Northern Electric Co.'s 5s. They are subject to call
on 60 days' notice at 110. Sinking fund 1918 to 1927 % of issued bonds
per annum; 1928 to 1937,1%; 1938 to 1947, 1.t%. Northern Electric Co.
bonds can be called on or after April 1 1914 at 110.
-Operates 136 miles of track between Chico, Oroyille. Yuba
ROAD.
City, Marysville and Sacramento, with a branch from Marysville to Coiusa
and from Chico to Hamilton. When financial conditions improve, it is
intended to construct some 200 miles more of track. Standard gauge,
60-1b. T rail.
OFFICERS.-Pres., Henry A. Butters; Sec. and Treas., Norman Logan.
V. 85, p. 865; V. 86, p. 169.

CINCINNATI, OHIO.
-A trolley road.
CINCINNATI & COLUMBUS TRACTION CO.
-Incorporated on Jan. 21 1903. Franchises expire
ORGANIZATION.
in 1930.
Outstanding. Maturity,
Date. Interest.
STOCK AND BONDS$979,500
Common,$1,250,000 ($100)
925,500
Pf. 5%cum. $1,250,000 ($100)
650,000 See text.
5 g J-.1
First mortgage. $800,000, 111905
cefInt. at Union Say. Bk. & Tr. Co. Cin., Trus.
gold
Bonds.
-The denomination of the first mortgage bonds are respectively:
6 $50,000; 30 $5,000; 150 $1,000; and 100 $500. They mature $600,000
July 1 1909 and $200,000 July 11912. Can be called at any time at par.
-Operates 53.3 miles of track between Cincinnati and Hillsboro,
ROAD.
put in complete operation in Feb., 1906. Standard gauge, 70-lb. T rail.
-P.,
-P.. Lewis Seasongood; 2d V.
OFFICERS.-Pres., H. H. Hoffman; V.
Henry Burkhold; Sec.. Harvey J. Gibson; Treas., Casper H. Rowe; Mgr.,
-V. 76, p. 971; V.80, p. 1234; V. 85, p. 220, 599.
Dan 13,eutel Jr.

-Steam and
CINCINNATI GEORGETOWN & PORTSMOUTH RR.
electric.
-Formerly a narrow-gauge steam road. but In Oct.
ORGANIZATION.
1901, was purchased by A. W. Comstock of Detroit, and in 1902 changed
standard-gauge. Now operates by both electricity and steam. Under
to
Ohio law remains a steam road. Franchises perpetual.
Interest. Outstanding. Maturity.
Date.
STOCK AND BONDS$1,500,000
Stock, $1,500,000
1,000,000 Jan. 1 1932
5 g J-,T
1st mtge., $1,000,000 gold 1902
eel Int.at Union Say.Bk.& Tr.,Cin.,Tr. In N.Y
($1,000)
-For year ending June 30 1906 gross, $173,713; In 1905*
EARNINGS.
gross, $157,366.
-Operates 60 miles from Cincinnati southeasterly to RussellROAD.
ville !ncluding branches of 3 miles to Batavia and 4 miles to Coney Island.
pitted
An extensi nt of 16 miles to ‘Vest Uni ii was expected to be c
(lining 1907. The Felicity & Beth( I. whl?h is r-ntrollefi In the Pl.' r- Interest, operates 9 miles of track between the points named In its title. Has
25 electric passenger coaches, 5 steam passenger coaches, 50 freight cars
and 3 locomotives.
-P., W. R. Todd; Sec., A. 0.
OFFICERS.-Pres., A. W. Comstock; V.
-V. 75., p. 184. 665, 1253:
Herzog; Treas. and Gen. Mgr., E. W. White.
p. 322.
V. 83,

FELICITY & BETHEL RR.

-Incorporated in Ohio in 1904, and is owned in the
ORGANIZATION.
Interest of the Cincinnati Georgetown & Portsmouth.
Interest. Outstanding. Maturity.
STOCKS AND BONDS- Date.
$150,000
Stock, $165,000 ($100)
100,000 Oct. 1 1935
5 g A-0
1st mortgage, $100,000, g.1 1905
eel Int. at Union Say. Bk. & Tr., Cincin., Trust.
($1,000)
-Are not subject to call.
Bonds.
-Operates 9 miles of track between Felicity and Bethel, stanROAD.
(1) Chicago Junction RR.
-Organized in the interest of the South Side Elevated dard gauge, 60-1b. T rails. Is operated by electricity for passengers and by
ORGANIZATION.
RR. to build lines to connect that company's track with the Stock Yards. steam for freight.
Only a nominal amount of stock has been issued ($50,000), which is held in
OFFICERS.-Pres.. and Gen. Mgr., A W. Comstock; Sec. and Treas.,
trust for the South Side Elevated in case that company should at any time .1. C. Ginnings.
Is leased to the South Side Elevated for 50 years (with
wish to absorb It.
right to purchase at cost within 20 years), rental being interest on bonds,
CINCINNATI LAURENCEBURG Et AURORA ELECTRIC STREET RR.
taxes, &c. Franchises are without limit.
Interest. Outstanding, Maturity. -A trolley road.
Date.
STOCK AND BONDSSee text.
-Incorporated in Nov., 1898. The Union Savings
ORGANIZATION.
Stock
$2,258,000 Mch 1 1945 Bank & Trust Co. of Cincinnati sold $750,000 of the bonds in Jan. 1901,
4 g MS
1st mtge. $2,327,000, goldl 1905
(81,000), guar p & 1_ __eel First Trust & Say. Bank, Chicago, Trustee. and an advertisement stated that no dividends would be declared on the-Are subject to call on and after March 1 1910 at 105 and interest. stock for five years, so as to create a surplus fund available for betterments
Bonds.
In event of consolidation with South Side Elevated, this issue of bonds is and extensions. See V. 72, p. 136. In May 1904 capital stock was into be retired. V.80. p. 871. Bonds are guaranteed, principal and interest, creased from $750,000 to $1,000,000 by the issuance of $250,000 6% cumuby Chic. June. Rys. & Union Stock Yards Co. See V. 82, p. 568. They lative pref. stock, the proceeds being used for betterments. Franchises
were offered for sale in March 1905 by N. W. Harris & Co., N. Y. and Chic. expire in 1924 and 1925.
ROAD -Has under construction an elevated road (from junction with
Interest. Outstanding. Maturity,
Date.
STOCK AND BONDSSouth Side "L"at 40th Street) to the Stock Yards and a loop around the Common,$750,000
$750,000
same. 3.75 miles, woich is expected to be e•,mpleted III Mal' I d
250,000 July.'06,1
Q-J
Pref. 6% cum., $250,000_ _
-P., Richard Fitzgerald; Sec.,
OFFICERS.-Pres., John A. Spoor; V.
750,000 July 1 1919
5 g J-J
$750,0001 1899
1st
mortgage,
-V.82, p. 568;
James Miles; Treas., rt. B. Thompson; And., C. C. Chace.
'Interest at Un. Say. Bk. & Tr. Co., Cin., Tr.
($1,000,) geld
V. 85, p. 792.
Dividends -Dividends of 6% on pref. stock were paid up to and including
ne since.
July 1906.
-A trolley road.
SUBURBAN RAILROAD.
-For calendar year 1906, $153,703; in 1905, $122,573.
EARNINGS.
-Incorporated under laws of Illinois May 1895.
ORGANIZATION.
-Operates 38 miles of track from Anderson's Ferry, at CincinROAD.
-On July 30 1902 L. S. Owsley was appointed receiver,
RECEIVER.
nati to Aurora, Harrison and Laurenceburg.
Interest on bonds being in default. V. 75, p. 241.
Interest. Outstanding. Maturity.
STOOK AND BONDS- Date.
-J. C. Hooven, Pres. of Hamilton, 0. C. E. Hooven,
DIRECTORS.
$1,250,000
'
Stock, $1,250,000
A. B. Vorhels, J. G. Schmidlapp and Stanley Shafer; Tress. and Gen. Mgr.,
1,250,000 Mch 2 1916 C. B. Hooven, Cincinnati.
5 g M-S
1st mortgage, $3,050,000,1 1896
-V. 78. p. 2011. 2383.
'Chicago Title & Trust Co.. Trustee.
gold
Of the $3,000,000 bonds authorized, $1,250,000 were issued to build
CINCINNATI MILFORD & LOVELAND TRACTION CO.
the road owned and to equip a portion of the leased lines with trolley.
ORGANIZATION.
-Incorporated in Ohio in Sept.. 1902, and purchased
The remainder may be issued for extensions built and equipped at $50.000
franchises and rights of the Cincinnati Milford & Eastern Traction Co.
per mile for double and $30,000 per mile of single track.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
-Owns 29.8 miles of track, extending from terminus of Ch1c.&
ROAD.
$1,000,000
Oak Park Elev. at 52d St. and Metropolitan Elev. at 48th St., through city Corn., $1,000,000 ($100) ----11411,425 No div. yet
of Chicago, Cicero, Grossdale, La Grange, &c. Leases from the Chicago Pref., 5650,000, 5% cum__
373,500 July 1 1925
5 g J-J
Terminal Transfer RR. (for 50 years) the Chicago & Southwestern road to lit mortgage, $500,000, gl 1905
cellist. at Prov. Say. Bk. & Tr. Co„ Cln. Trust.
track, Austin, Ridgeland, Oak Park, &c., 10 miles of track.
($500)
Harlem race
Bonds.
-Are subject to call at any time at 110. See V. 81, p. 264.
3
Also operates 4 of a mile of double track of the Chicago Riverside & La
Grange RR. Total track operated, 32.3 miles, all trolley, except C. & S.W.
ROAD.
-Will operate 41 miles of track from Cincinnati to Loveland and
tracks along West 16th and 19th streets.
to Blanchester. Gauge. 5 ft. 2 in.: 70-lb. rails. The line
-P. W. G. Adams; Sec. and from CincinnatiBlanchester. 38 miles, is now in operation. Enters CincinOFFICERS.-Pres., F. H. Roeschlaub; V.
to Milford and
Treas., G. M. Maher; Supt., J. Whitsell.-V. 75% p. 241.
nati over the tracks of the Cincinnati Traction Co.
-P., J. P. Peurrung; Sec., J. Nevin.
B. H. Kroger; V.
UNION CONSOLIDATED ELEVATED RY
-V. 77, p. 250: V 80, p 2343; V. 81.,
OFFICERS.-Pres.'
Roberts; Treas., Leo J. Van Lahr.
-Formed in 1896 and built from Union Elevated at p. 284.
ORGANIZATION.
5th Ave. west to Market St.• thence to the Metropolitan W. S. El.; total.
-A trolley road.
INTERURBAN RY. & TERMINAL CO.
by
1-5 mile of track; is operated • the Metropolitan West Side El. Franchise
-Incorporated in Ohio on Nov. 3 1902, and is a conORGANIZATION.
expires Oct. 7 1945.
of the Cincinnati & Eastern Electric By.. the Rapid Railway Co.
Interest. Outstanding. Maturity. solidation
STOCK AND BONDS- Date.
and the Suburban Traction Co. In Aug. 1906 the Cincinnati & Eastern
$1,000,000
Stock
407,000 Nov 1 1936 Division was leased to the newly-formed Union Gas & Electric Co. V. 83.
1896
5 g M-N
Series "A" lit mtge, gold
preferred
-P., Cen Tr. Co., N. Y.,Trus. p. 562. In July 1907 obtained authority to issue $1,100,000first mortG. Sherman,V.
cup & 1 by Met W S El.
stock, of which $900,000 was in exchange for an equal amount of
Mortgage $1,000,000, of which $500,000 series "A." V. 63, p. 1065.
-P., Clarence A. Knight; Sec. gage bonds, reducing the amount of the latter outstanding to $1,600,000.
OFFICERS.-Pres. Wm. G. Adams; V.
V. 85, p. 221, 469.
and Treas., W. V. Griffin.




26

STREET RAILWAYS.

Date.
Interest. Outstanding. Maturity.
STOCK AND BONDS—
$2,500,000
Common, $2,500,000 ($100)900,000
Preferred, $1,100,000,5%_
5 g Q-J
1,600,000 Jan. 1 1928
First mortgage, *2,500,000,1 1903
gold ($1,000 and $500) c&rfInterest at Cincinnati Trust Co., Trustee.
5 J-J
See text
New mortgage, $1,650,000-4 1908
1028
Wincinnatl Trust Co., Trustee.
-1903 bonds have no sinking fund, and bonds are not subject to
Bonds.
call. The new bonds are to be used to retire remaining old bonds. V. 86,
p. 285.
ROAD.—Comprises 22 miles of track between Cincinnati and New Richmond, 33 miles between Cincinnati and Lebanon and 28 miles from Cincinnati to Bethel. The latter section was leased In Aug. 1906 to the Union
Gas & Electric Co. of Cincinnati. Gauge, 5 ft. 2% in. Also owns terminal
station on Sycamore St., Cincinnati. Cars enter Cincinnati over the tracks
of the Cincinnati Traction Co. 70-1b. and 97-lb. T rail. Total track, 101.4
miles; all .operated. A line from South Lebanon to Morrow, 5 miles, is
being built by interests Identified with this company.
OFFICERS.—Pres.. Chas. H. Davis; V.
-P. Lee H. Brooks; Sec., J. M.
Hutton; Treas., J. M. Kennedy.—V. 82, p. 562; V. 84, p. 450; V. 85, p.
221, 469; V. 86, p. 285.
OHIO TRACTION CO.—
This is one of the properties controlled by the Schoepf-McGowan syndicate.
ORGANIZATION.—Incorporated In Ohio on May 22 1905. and owns
practically the entire capital stock of the Cincinnati Traction Co.. the Cincinnati Zoological Co. and the Cincinnati Car Co., besides extensive holdings
in the Cincinnati & Hamilton Traetion. and a large interest In the e^m. and
preferred stock of the Cincinnati Dayton & Toledo Traction Co. On July 6
1905 lease of the Ctn. & Hamilton Tract Co. was assigned to this company
by the Cin. Interurban Co. and the latter company placed in liquidation.
This company also acquired the property of the Traction Building Co.,
which went into liquidation.
STOCK—
Date.
Interest. Outstanding.
Last Div.
Common, $10,000,000 ($100)- --$7,500,000
Pref., $10,000,000 5% cum
Q-F
8,500,000 Feb'08, 134 %
Stock.—Further issues of stock can only be made for acquirement of
other properties and additions to the present properties.
Dividends.—First dividend on pref. stock-1 14 %—was paid Aug. 1
1905; In 1006, 5%; In 1907, 5%, In 1908, Fen., 1
EARNINGS.—Pres. W. Kesley Schoepf in a letter to Irwin, Ballman &
Co. of Cincinnati, who offered some of the pref. stock in May 1905 stated
that the actual net earnings of the combined properties for year ending
Dec. 31 1904 had been $540,238.
OFFICERS.—Pres., W. Kesley Schoepf; 1st V.
-P. C. P. Taft; 2d V.
-P.,
J. B. Foralter Jr.; 3d V.
-P. and Gen. Mgr., Dana Stevens; Sec., Walter A.
Draper; Comp., W. H. MacAlister; Treas., A. L. Kasemeler.
DIRECTORS.—P. A. B. Widener, Hugh J. McGowan, W. Kesley
Schoepf, Briggs S. Cunningham, John Kilgour, Chas. P. Taft, Wm. S.
Rowe, Louis J. Hauck Wm. Cooper Proctor, Harry M. Levy, Wm. T.
Irwin, Thomas Dolan, Julius Fleischmann, Randal Morgan and Clifford B.
Wright.—V. 84, p. 669.
(1) The Cincinnati Traction Co.—
ORGANIZATION.—Incorporated in Ohio on Feb. 19 1901 with an
authorized capital stock of $2,000,000 (which, all except 11 shares, is
owned by the Ohio Traction Co.), to take over under lease the Cincinnati
Street By. Co. See V. 72, p. 391. 4,,,,,doleflqtae-,exhatuld swam'
REPORT.—For 12 months ending Dec. 31 1907, gross, $4,450,225,
against $4,297,016 in 1906 and $4,013,407 in 1905. For calendar year 1904
gross earnings were $3,770,022; in 1903, 53,697,962: in 1902, $3,559,685.
ROAD.—The Clan. St. Rwy. comprises 219.88 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., 234 in.
•
OFFICERS.—Pres. W. Kesler Schoepf; Chairman Executive Com.,
J. B. Foraker Jr.; V.
W. Kesley Schoepf;
-P. and Gen. Mgr.. Dana
Stevens; Sec., Walter A. Draper; Comp., W.H. MacAllister; Treas., A. L.
Kasemeier; Aud.,C. F. Callaway; Asst. Gen. Mgr.,T. Fitzgerald Jr.; Gen
Supt., R. E. Lee: Chief Eng., Thos. Elliott; Pur. Agt., C. Burckmyer;
Claim Agent, J. H. Schoepf.
(a) Cincinnati Street Railway.—ElectrIc.
Was leased on Feb. 21 1901 to the Cincinnati Traction 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 534 % for the first year. 534 for the
second, 55% for the third and 6% for the fourth year and thereafter. V. 72,
p. 136. 'rhe Rogers law of April 22 1896, under which franchises were
granted, was in Aug. 1902 declared unconstitutional by the Superior Court
at Cincinnati, but decision partly revised on rehearing. Appeal taken to
State Supreme Court (V. 75, p. 393, 665), and that Court on Feb. 28 1905
reversed the lower court and upheld the constitutionality of the Rogers law.
V. 80, p. 906. On April 28 1903, the Superior Court at Cincinnati declared
unconstitutional the curative Actpassed in 1902 to strengthen the franchise
granted under the Rogers law. This case was appealed to the State Supreme Court, which upheld the constitutionality of the law. Franchises,
It Is claimed by company, mature April 22 1946.
ORGANIZATION.—Incorporated June 21 1880, and in 1896 purchased
Mt. Adams & Eden Park and Mt. Auburn roads.
Par.
Interest. Outstanding. Last div.,&c.
STOCK AND BONDS—
50
6 Q-J
$18,511,950 See text.
Stock $20,000,000
DIVIDENDS.—To and including April 1901 5% per annum; July 1 and
Oct. 1 1901 and Jan. 1 1002 and April 11902, 1.3125% each; July 1 1902,
Oct. 1 1902, Jan. 1 1903, and April 11903. 1.375% each; July 1 and Oct. 1
1903 and Jan. 1 and April 1 1004, each 1.4375%; July 1904, 134%; Oct.
1904, 134%. Dividends since have been at the rate of 6% per annum
and will so continue to the end of lease and its renewals.
• OFFICERS.—Pres.. John Kilgour; Sec. and Treas., James A. Collins.—
V. 82, p. 452; V. 83, p. 1523; V. 84, p. 1551.
(2) Cincinnati ft Hamilton Traction.—A trolley road.
ORGANIZATION.—This company was organized in Aug. 1002 as a
consolidation of the Mill Creek Valley Street Ry. and the Hamilton Glendale
& Cincinnati Traction. V. 75, p. 497. On Sept. 30 1902 was leased to the
Cincinnati Interurban Co. (V. 75, p. 906), but on July 6 1005 lease was
assigned to the Ohio Traction Co., and the Cincinnati Interurban Co. placed
In liquidation. Rental, year beginning Oct. 1 1902-03. $55,000; 1903-04,
$60,500; 1904-05, $66,000; 1905-06, $71,500; 1906-07 and 1907-08.
$77,000; 1908-09 and 1909-10, $82,500; 1910-11, $88,000; 1911-12,
$93,500; 1912-13 to 1914-15, $99,000; thereafter, $100.000.
Interest. Outstanding. Last Div.
Date.
STOCK AND BONDS—
$1,1,.0,otio Jan '08.
,m
Stock c. $1,100,00() Woo)
Q
1,100,000 5% per year
Stock preferred $1,100,0001 _--($100) 5 7. cumulative_ _ _ _
Dividends.
-5% per annum Is being paid on the preferred stock. The
first dividend on the common of
% was paid Jan. 1 1904 and
% was
again paid on April 1, July 1 and Oct. 1 1904. In 1905, I 7.; in 1906,
1
in 1907, 2%; in 1908, Jan.,
ROAD.—Owns and operates 31.32 miles of track from the "Zoo" in Cincinnati to Hamilton and 15 miles from Cincinnati to Lockland. Gauge,
5 ft. 23% inches. Operates over tracks of Cincinnati Traction Co. from
"Zoo to Fountain Square In Cincinnati.
"
.
-P., B. L. Kilgour; Sec. and
OFFICERS.—Pres., H. H. Hoffman; V.
-Treas.. A. J. Becht, all of Cincinnati. V. 75, p. 200, 497, 906.

[VOL. Lxxxvi.

lines except Central and Quincy Ave., on which franchises have expired
(V. 84, p. 867), and these latter lines were subsequently abandoned, tracks
being entirely removed. V. 84, p. 867. In October 1907 again began
selling seven tickets for twenty-five cents, but Nov. 6 1907 (after the
municipal election at which Mayor Tom L. Johnson was again re-elected)
the old rate was resumed and transfer privileges cutoff. See V.85, p. 1269.
For decision of United States Supreme Court, deciding against the right of
the city to fix fares, see V. 78 p. 2334. For United States Supreme Court
decision as to expired franchises see V. 84, p. 101. In May 1905 Mayor
Johnson of Cleveland proposed that the Cleveland Electric be leased to a
private company, the latter to be given an option to buy the stock at 85.
n
This pr-p siti, was rejected by the company. See V.80, p. 1970, 2343.
In Oct. 1006 the Cleveland Tramways Co. was Incorporated with $50,000
stock by interests identified with this company, presumably to bid for
franchises in streets in which the parent company's franchises have expired.
V. 84, p. 102.
In Aug. 1905 the Mayor vetoed an ordinance of the City Council fixing
fares at 5 cents for cash fares and eight tickets for a quarter, on the ground
that he was committed to 3-cent fares.
Lines Abandoned.—In April 1907 the company, finding it unprofitable to
operate the Central and Quincy avenues lines on a 3-cent fare basis, removed
the tracks. The 3-cent fare had been put in force after the decision of the
United States Supreme Court the previous January that the franchises on
these lines had expired. V. 84, p. 950.
Negotiations with City.—The municipal election in Nov. 1907 having been
adverse to its Interests, the company modified Its policy somewhat, and on
Dec. 2 1907 appointed Frederick H. Goff as its representative to endeavor
Is effect a settlement of the relations of the company with the city. See
V. 83.0. 1461.
Date. Interest. Outstanding. Last div.,&c.
STOCK AND BONDS—
Stock ($100)
Q-J
$23,400,000 Oct15'07.3% %
Bonds assumed —
East Cleveland RR first mort- 1892
5 M-S
1,000,000 March 1910
Interest at Central Trust Co., New York.
gage ($1,000)
Cleveland City Cable Ry gold 1899
5 g J-J
2,026,000 July 1 1909
($1,000) first mortgage.c&r Central Trust Co., New York, Trustee.
Cleveland Electric all
.—
5 g M-S
First cons mortgage ($1,000)f 1893
6,000,000 Mch. 1 1913
c*6crl Int. at Central Trust Co., N. Y., Trustee.
gold
Bonds.—There Is no limit upon the amount of bonds issuable under the
consolidated mortgage of 1893, but further issues (with the exception of
$1,000,000 reserved to retire the 51,000.000 East Cleveland RR. first mortgage bonds) can only be made at the rate of $25,000 per mile for new single
track. 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 Jan. 1896; in April
%; in 1897, 3%; lh 1898, 334 7.; in 1899, 2% % (October
paid
dividend having been passed on account of strike); In 1900,
%; in 1901,
4%; in 1902. 4 %; in 1903, 4 %; in 1904, 4 %; In 1905, 4 %; in 1906, s%;
In 1007, Jan. 2, 134%; April 15, % %; July 1, 34%; Oct., 34 %.
ROAD.—The consolidated company operates aggregate single track of
about 225 miles, mostly 82 and 98-1b. girder rails.
ANNUAL REPORT.—For calendar years 1006, 1905 and 1004:
1905.
1906.
1904.
Gross earnings
$5,882,580 $5,303,086 $4,743,828
Operating expenses
3,031,093
3,855,244
2,913,545
Net earnings
$2,027,345 $2,271,903 $1,830,283
-P. and Gen. Man., John J.
OFFICERS.—Pres., Horace E. Andrews; V.
Stanley; Second V.
-P., C. F. Emery; Sec., H. J. Davies; Treas., Geo. S.
Russell; Asst. Treas., John Ehrhardt;
W. G. McDole.—V 81, p. 725,
1791, 1847; V. 82, p. 868; V. 83, p. Aud.'
213, 1409; V. 84, p. 101, 157, 390,
897, 930, 905, 1113, 1551: V. 85, p. 40, 1269, 1461.
CLEVELAND SOUTHWESTERN & COLUMBUS RAILWAY CO.—A
trolley road.
ORGANIZATION.—Incorporated in Ohio on March 4 1907 and Is a
consolidation of the Cleveland & Southwestern Traction Co., the Cleveland
Ashland & Mansfield Traction Co. and the Ohio Central Traction Co. For
terms of exchange see V. 83, p. 1590. Also owns the Norwalk Gas &
Electric Co. In 1907 acquired $505,000 of the $650,000 common stock of
the Mansfield Railway, Light & Power Co. In 1907 also some of the stockholders of the Southwestern acquired control of the Mount Vernon city lines,
but no merger contemplated at present. V. 85, p. 283.
Interest. Outstanding. Maturity
STOCK AND BONDS—
Date.
$3,700,000
Common $7,500,000
2,430206:000000
Pref $2,500,000 5% cum ___ __
First general consol mortgagej 1907
April 1 1927
5 A-0
20 0 0
0
ella r itee
ry
.15
000($1,000)g c*&rlInt. at Cleveland Tr. Co., C17 ' us l9
$10,000.
Cleveland & Elyria first mort-1 1895
6 MN
,rusee.
Citizens' Savings & Trust Co.,
lil litia s 1
ca
Eley (MA) /Interestlevel
)
Ettje:tn
e
to
Cleveland,
100,00_0 Aug. 1 1917
Elyria & Oberlin first mort-1 1897
8 F-A
1 27t Co.m
Ea ico ? ca lwAg00) No ), Interest at Cleveland Tru .000 , Trustee.19
ute of oml
stee
l l0
.
5 1 1 ld
Clev Ber Elyr 6: Oberlin cons} 1899
5 g M-S
sub50 t t0 call $1,00 19c9 Interest at Cleveland Trust Co., Trustee.
M $ jec ,0o0 g (
0
h 0 ea h!
1 0

1,073,000 Aug. 1 1920
Cleveland Elyria & Western 1900
5 g F-A
first mortgage $1,500,0001Int. at Cleve. Tr. Co., Cleve., Trustee, or at
M y 2e
1a10b 2
($1,000) gold
Nat. Bank of Commer1c0c01,n00N0.
c&r
5g
0 1led afterA) years at 100.
c02
a
Jan.
Elyria Grafton & Southern 1
Cleveland Trust Co., Cleveland,
Ry first mortgage guar-Interest at
1 0,000 A pa, 1 102,
.
anteed by C E & W (5100,-I Trustee. and Trust Co 1o1 A meriern N. Y 0
.
11ed-at
000 ($1,000) gold
0b
firsc*tC19 0e ca6 A o par on Jan. 11012.
an
Norwalk Gas & Electric
mortgage $110,000 ($500) g Int. at Guardian S. & Tr. Co., Cleveland,
Subject to call April 11910)Trustee, or Chase National Bank, N. Y.
1,400,000 Feb. 1 1023
5 g F-A
Cleveland & Southwestern} 1903
15 .0 Co.,une l an10
.
first and consol mortgage Int. at Guardian Say. &7 ()o jCle vell 9 d,
Trustee, or Trust Co. of America, N. Y.
$3,000,000 ($1,000) g_ _c&r
5 g J-D
Ohio C Trac first mortgage' 1899
Raven, Conn..Trus.
rc
$150,000 ($1,000) gold_ _c*1Int. N. Haven Tr. Co., N.5 oo xh. 1 1n3
0,0
g M-S
5
Ohio Central Traction consoll-1 1903
dated mortgage $400,000 Int. at Cleve. Tr. Co., Cleveland, Trustee or
($500) gold
at National Bank of Commerce, N. Y'.
c*
Bonds.—Of the $10,000,000 new bonds, $3,510,000 are reserved for prior
liens and $6,290,000 for extensions, improvements, &c. They are subject
to call after 10 years at 105 and accrued interest. The Cleveland & Southwestern bonds of 1903 are subject to call on and after Feb. 1 1913 at 105
and interest. $1,600,000 of this issue are reserved to retire certain underlying bonds.
Of the Cleveland Berea Elyria de Oberlin 5s dated March 11899 $300,000
remain in reserve for the retirement at or before maturity of the divisional
'
6s to a like amount. Of the $1,500,000 Cleveland Elyria & Western new
5s. $427,000 are reserved to retire prior liens. The Ohio Central Traction
Co. consolidated bonds may be called on or after March 1 1908 upon 30
days' notice at 105 and interest; $150,000 of consols are reserved to retire
a like amount of first 55. First mortgage was originally $200,000 authorized, but $50,000 canceled subsequently.
EARNINGS.—For calendar year 1907, gross. $756,898; net, $316,864.
ROAD.—Operates 134 miles of track in and from Cleveland to Berea,
Elyria. Oberlin, Norwalk, Medina, Wellington, North Amherst, Lorain,
Creston, Chippewa Lake, Seville, Wooster, Linndale and Putitas Springs;
also 30 miles from Galion to Bucyrus and from Gallon to Mansfie.d. Is
building a line 44 miles long from Seville, on the main line, via Ashland to
Mansfield to connect the system. Total track, 208 miles, of which 132
CLEVELAND, OHIO.
miles are on private right of way. 60 and 70-1b. rails. Standard gauge.
CLEVELAND ELECTRIC RAILWAY.—(See Map on page 27.)
ORGANIZATION.—On July 1 1903 acquired the Cleveland City Railway Operates 70 cars. Also does freight and express business. Company owns
Co. and increased Its capital stock from $13,000,000 to $23,400,000 to pro- Puritas Springs and Seccaium Park and reaches Chippewa Lake. Also
vide for the purchase. Cleveland City stockholders received 130 shares in owns and operates electric-lighitng plant in Norwalk.
the Cleveland Electric Ry.for each 100 shares of stock held. V.76, p. 1142.
-P..
-P., A. E. Akins; 2d V.
OFFICERS.—Pres., F. T. Pomeroy; 1st V.
Universal transfers and six tickets for 25 cents followed the consolidation F. E. Myers; Sec., E. F. Schneider; Treas., J. 0. Wilson; Asst. Treas..
(V. 76, p. 1142, 1247), but the experiment resulted in considerable losses, H. B. Cavanaugh; Gen. Man., C. N. Wilcoxon. General office, Cleveland.
and March 22 1904 arrangement was modified. V.78. p. 1222. On Dec. 31 —V. 84, p. 338, 449, 569, 748, 995. 1113; V. 85. p. 283.
1906 began experiment of selling seven tickets for 25 cents on all lines, with
(1) Mansfield Railway, Light & Power Co.—A trolley road.
two transfers on all crosstown lines. V. 84, p. 101. On April 7 1907 fares
were raised, 11 tickets to be sold for 50 cents, and cash fares 5 cents on all
In 1007 contr I passed to the Clcv. SGuthwestern & CcIumbus Ry. Co.







City Limits

28

--Successor in Aim11 1903 to the Citizens' Electric
ORGANIZATION.
Railway, Light & Power Co., which in turn was successor to the Mansfield
Electric Street By. Owns entire street railway and electric light systems
In the city. City franchise runs till 1925.
Date.
Interest. Outstanding. Maturity.
STOCK AND BONDSCommon, $650,000 ($100)5650,000
Pref., $350,000 ($100) 6% cum
350,000 1907, 6%
5
Citizens' first mort. ($400,- 1901
200,000 April 1 1923
Interest at Cleveland Tr. Co., Cleveland, Tr.
000) ($500)
5 g A-0
:Mans Ry Lt & P gen mtge $1,- 1903
742,000 April 1 1918
000,000,g ($500& $1,000) c• Union Say. Bk. de Tr. Co., Cin., Trustee.
Bands.-Interest on the new bonds of the Mansfield Railway Light &
Power Co. is payable at Rudolph Kleybolte & Co.'s office, New York,
Cincinnati and Chicago. $200.000 of the new bonds are reserved to retire
the bonds of the old Citizens Company and $58 000 for future acquisitions
and improvements. A reserve fund of $10,000 per annum is maintained, to
be used for extensions and improvements. Not subject to call. See V. 76,
P. 810.
EAPNINGS.-For calendar year 1907, gross, $202,798; net, after taxes,
$84,794;interest on bonds and 6% on pref. stock, $68,100; surplus, $16,694.
ROAD.
-Owns and operates 9 miles of track In city and an interurban
line of 12 miles to Shelby: 60 and 70-lb. T rail. 40 cars.
-V.78, p. 2442:
V. 83, p. 1291; V.85, p. 284.
CLEVELAND PA I NESVI LLE & EASTERN RR.
-In June 1906 acquired
control of the Cleveland Painesville ec Ashtabula RR.V.82, p. 1322, 1379.
ORGANIZATION, &c. -Incorporated in Ohio on April 251895. Road
completed in July 1898. Franchises expire in 1920, 1922 and 1926.
STOCK AND BONDSInterest. Outstanding. Maturity
Date.
Stock $2,000.000 (par $100)$1,606,000
First mortgage $500,000 gold( 1896
5 g A-0
500,000 April 1 1916
($1 000 each)
c*1 Interest at Morton Trust Co., N. Y., or
I Cleveland Trust Co.. Cleveland, Trustee.
Collateral trust notes $500.-1 1907
6 J-J
5th),UUU J lily 1 19(18
000, par $1,000
fInt. at Cleveland Tr. CCleve. Trustee.
Consollaated mortgage *2,-f 1898
5 A-0
631,000 Oct. 1 1918
.
000,000 ($1,000) gold
i Int. at Dime Savings & Banhing Co., Clev.,
( Trustee, or Trust Co. of America, N. Y.
Bonds.
-Of the $2,000,000 consols authorized, $1,000,000 is reserved to
retire underlying liens.
ROAD.
-Owns road from Euclid, Ohio, to Painesville and Fairport,
24.02 miles ("Main Line"). and uses Cleveland Electric Ry. from Euclid
to Public Square, Cleveland, 10 miles; also owns "Shore Line," extending
from Willoughby to Glenville, Ohio, 14.89 miles, and uses the Cleveland
Electric Railway Co.'s track from Glenville to the Public Square, Cleveland.
5 miles. Total track operated (inducting 4h miles of double), 45.28 mil,s.
With the Cleve. Painesv. & Ashtabula forms a continuous line from Cleveland to Ashtabula. Rails 68-1b. girder on Main Line, 75-lb. T on Fairport
Line and 70-lb. T and 90-lb. girder on "Shore Line"; 26 motor ears and 8
other cars. Power-house is at Willoughby. Car-houses at Willoughby,
Painesville and Nottingham.
REPORT.
-For years ending Dec. 31 (1907 report in V. 86, p. 335):
1905.
1904.
1907.
1906.
1903.
Gross earnings
$296,318 $271,100 $245,089 $225,751 $214,631
Expenses and taxes
141,270
157,197
143,993
136,021
127.149
Net
Fixed charges

[VOL. LXXXVI.

STREET RAILWAYS.

$139,121
86,552

$127,107
83,939

$103,819
80,830

$89,730
.80,250

$87,482
78,007

Surplus
$22,989
$9,480
$52,569
$43,168
$9,475
-P., J. A. Beldier; Treas., E. V.
OFFICERS.-Pres., E. W. Moore; V.
Hale; Sec., Fred. S. Borton: Asst. Sec. and Treas., E. L. Schmock, Willoughby, Ohio; Gen. Mgr., J. Jordan.
-V.77, p. 823; V. 82, p. 868, 1322,
1379; V. 84, p. 1247, 1551; V. 85, p. 98; V. 86, p. 335.
(1) Cleveland Painesville & Ashtabula RR. A trolley road. Entirely
over private right of way, except through some of the villages, where
franchises expire in 1927.
In June 1906 control was acquired by the Cleveland Painesville & Eastern
RR. V. 82, p. 1322, 1379.
-Incorporated in Ohio in 1902.
ORGANIZATION.
Interest. Outstanding. Maturity.
STOCK AND BONDSDate.
$1,000,000
Stock $1,000,000 ($100)First mortgage $1,000,0001 1902
850,000 July 1 1922
5 g J-J
gold ($1,000)
c*lInt. at Cleveland Trust Co.. Cleve., Trustee.
Bonds.
-$150,000 are reserved for future extensions and improvements.
No sinking fund and bonds cannot be called. See V. 75, p. 549.
-For years ending Dec. 31:
REPORT.
Gross.
Net. Fired Charges, Balance.
Years14,oI3
843.152
1907_
$122.363
d(-t. 55,4(11
41,939
1906
103,095
43,676
def. 1,737
-Operates 30 miles of track between Painesville and Ashtabula.
ROAD.
Put in full operation on July 30 1904. 70-lb. T and girder rail used. Track,
standard gauge. Connects at Painesville with the Cleveland Painesville a
Eastern RR. and at Ashtabula with the Pennsylvania & Ohio Ry.-V.
p. 1322, 1379; V. 86, p. 33/.
-A trolley road.
EASTERN OHIO TRACTION CO.
-Road was offered for sale in foreclosure proceedings
FORECLOSURE.
25 1907 as a whole and In parcels. The sale as a whole was not
on June
effected; only one division, the Chagrin Falls & Garrettsville, was sold.
The latter was bid in in the interests of the bondholders. The remaining
two divisions are to be offered for sale a second time. V. 85, p. 40.
• RECEIVERSHIP.
-The road is now being operated by Robert D. BeattY
Receive,.
inteiest be1.19:
.•
-Incorporated in Ohio in Jan. 1902 as a consolidation
ORGANIZATION.
of the Cleveland & Eastern By., the Cleveland & Chagrin Falls Electric RR.
and the Chagrin Falls & Eastern Electric By.
Interest. Outstanding. Maturity,
STOCK AND BONDSDate.
Stock, $2,500,000 ($100)$2,259,000
East Ohio Trac 1st con M,) 1902
5 g J-J
706,000 July 1 1922
$2,500,000, g (51,000)c*&r }Int. at Cleve. Tr. Co., leveland, Trustee.
Cannot be called.
I or Standard Trust do., New York.
$1,000,000 July 1 1919
Cleveland & Eastern 1st) 1899
5 g J-J
mtge, $1,000,000 ($1,000)Int. at Cleveland Tr., Co., Trustee, Cleve.,
each), gold
c*1 or Standard Trust Co.. New York.
Cleve & Chagrin Falls 1st) 1896
6 g M-N
200,000 May 1 1916
mtg, $200,000, g, red after Interest at Guardian Trust Co., Cleveland,
May 1 1906 ($500)
Trustee.
c*
Cleve & Chagrin Falls new) 1900
100,000 Nov 1 1921)
5 g M-N
mtg, 5300,000 ($500), g, c Dime Savings & Bank Co., Cleveland
Trustee.
Can be called 1910
Bonds.
-01 the $2,500,000 1st con. mtg., $1,300,000 were to take up
existing bonds and the balance held in treasury for extensions and construction. Of the Cleve. & Chagrin Falls mtg. of $300,000, $200,000 reserved for prior bonds. Of the Cleveland & Eastern bonds, $113,000 are
held in the treasury.
REPORT for calendar year 1907: Gress, 3244.360; net (after expenses
and betterments), $6,293. No interest paid, all earnings being used for
betterments.
ROAD.
-Owned and operates46 miles of track from Cleveland to Chardon,
Burton and Middlefield, O. and from Cleveland to Hiram and Garretsville
via Chagrin Falls, 40 miles. Total track operated, including sidings,
95 miles.
-V. 82, p. 1101, 1322, 1379; V. 84, p. 1488; V. 85, p. 40.
FOREST CITY RAILWAY.
ORGANIZATION.
-Incorporated at Columbus, 0. In Oct. 1903, with
$250,000 authorized capital, which was increased to $2,40,000 in June 1906.
V.82, p. 1437. Is a 3-cent-fare company, which succeeded to the franchises
granted the previous month by the Cleveland City Council to the People's
By. In 1906 thd Municipal Traction Co. was organized with $10,000
capital and leased the property for 50 years, with privilege of renewal for
an additional 50 years. V. 83, p. 94. A. B. du Pont is President of the
Municipal Traction Co. In 1906 the State Circuit Court reversed the Common Pleas Court In granting an injunction restraining the construction of
the Denison Avenue line. In April 1906 the U. S. Supreme Court decided
that the franchise for the Woodland Avenue line was invalid, as the franchise of the Cleveland City By. for its line on that avenue had not yet expired. V. 82, p. 868. For a subsequent decision of the U. S. Supreme
Court see V.84, p. 101. For other decisions on franchises see V.83,p,1469.
On Aug. 3 1907 an ordinance was passed re-granting to company all
rights conferred on it by the 12 original ordinances. See V. 85, p 405.




Claimed in 1907 franchises covering 40 miles of street, to which further
additions were subsequently made, but litigation is interfering with the
use of many lines. V. 85, p. 1401.
Date.
STOCK AND BONDSInterest. Outstanding. Last div.
Stock, $2,000,000 ($100)
$900.000 Jan '08, 1M
Bills payable Jan 1 1908
193,029
-Dividends on the stock are restricted to 6%,the remainder going
Stock.
to the lessee to be used for extensions, improvements and acquisition of
Forest City St. Ry. stock. The stock is redeemable at any time at 110.
A trust deed has been made to the United Banking & Savings Co. and the
Citizens' Savings & Trust Co. to secure the provisions of the lease. Under
the terms of the lease no bonds or pref. stock shall ever be issued by the
3- p•
lessor.
83. ir
}
9 clividend on Forest City By.stock (from rental)
Dividends.-} st4
-1 %
-was paid Dec. 1906; in 1907, 4M%; in 1908, Jan., 1
-Of the Municipal Traction Co. for the quarter ending
EARNINGS.
June 30 1907. gross, $41,375; net, $17,726; rental paid Forest City By.,
$13,952; surplus, $3,774.
-Operates 16 miles of track on Denison Avenue, Fulton Road,
ROAD.
West 28th Street, Detroit Avenue and Superior Viaduct to the Public
Square, Including 3 miles Euclid Avenue, East 14th Street to Central
Avenue. Additional lines are under construction.
OFFICERS.-Pres.. M. A. Fanning; V.
-P., C. H. Miller; Sec. and Treas..
Fred. C. Alber.-V. 79, p. 2587, 2795; V. 80, p. 1971; V. 81, p. 1848;
V. 82, p. 868, 1437; V. 83, p. 94, 213, 1410, 1469; V. 84, p. 102, 158:
V. 85, p. 283, 405, 1401,,1461.
LOW-FARE RAILWAY.
ORGANIZATION.
-Incorporated in Ohio in Dec. 1906 with $250,000
capital stock. On April 27 1907 was granted a franchise over the Central
Avenue route, recently abandoned by the Cleveland Electric Ry., and In
May was given the right to operate over certain streets, for which franchises
are held by the Cleveland Electric, but expire in Feb. or March 1008. For
unfavorable decisions, see V. 84, p. 1307, and V. 85, p. 160, 1401, and V.
86, p. 421. The company is involved in extensive litigation with the Cleveland Electric, and much of Its work Is tied up by injunction proceedings.
Several of the franchises were declared invalid, but subsequent ordinances
were passed intended to cure defects. Road Is now operating in the business section of the city. W. B. Colver is Pres. and Wm. Greeniund Sec.
and Treas.-V. 84, p. 102, 930, 995, 1114, 1307, 1367; V. 85, p. 40, 160,
1401; V. 88, P. 421.
LAKE SHORE ELECTRIC RY.-(See Map on Page 29.)
ORGANIZATION.
-The Lake Shore Electric By. was incorporated on
Sept. 25 1901 under laws of Ohio as a consolidation of the Lorain do Cleveland By.. the Sandusky & Interurban Ry.. the Sandusky Norwalk & Southern By. and the Toledo Fremont & Norwalk RR. V. 73, p. 784. C. D.
Barney & Co. of Philadelphia offered the 1st consols for sale in April 1905.
Controls the Lorain Street RR. and the Sandusky Fremont do Southern
Ry., which see below. In 11107 made contract to supply power to the
Toledo Findlay & Fostoria and several other roads. V. 85, p. 1646.
STOCK AND BONDSData,
Interest. Outstanding. Maturity.
Common,$4,500,000 (par$100)
$4,500,000
Pref. 53,000.000 (5100).5% Cu
3,000,000
1,750,000 Jan 1 1923
1st con mtg, 54,000,0001 1903
5 g J-J
($1,000), gold
c*i Int. at Citizens' Say. & Tr. Co., Cleveland,
Trustee, or Trust Co. of America, N. Y.
General mtge. 57,000,0001 1903
908,000 Feb 1 1933
5 g F-A
($1,000), gold
c*j Int. at Citizens' Say. & Tr. Co.. Cleveland,
18 ustee,or company's agency in N. Y.
Trustee j- ompany's
5g
Lorain & Cleveland 1st, gt
750,000 July 1 1927
($1,000), $1,000,000
Interest at Cleveland Trust Co., Trustee, or
g f
90ust C .j J America, New York.
Tro
5o o1,500,000 Jan 1 1920
T F & N 1st mtg, $1,500,000,1 1
g, guar ($500, $1,000)__c*1Int. at Union Trust Co., Detroit, Trustee.
-Of the $4.000,000 first consols, $2,250,000 are reserved to retire
Bonds.
prior hens, $4,000,000 of the general mortgage 5s are reserved to retire
the first consols and $2,092,000 for extensions and Improvements at 80%
of cost, of which latter $1,252,000 are In treasury of company. Neither
issue is subject to call. A sinking fund of $10,000 per annum on the
first consols commences Jan. 1 1909 and runs until 1914. From 1920
,,
t 1922,inclusive, 830,000 per annum is payable. The L &C.1 ,n(is can be
called after July 1 1917 at par and interest. The T. F. & N. bonds can
be called at 110 and interest on any interest date upon 90 days' notice.
These bonds are guaranteed, principal and interest, by endorsement by the
Lake Shore Electric By. A sinking fund on the T. F. & N. bonds of $10,000
per annum commences in 1905 and runs to 1909 inclusive; from 1910 to 1914,
$20,000 per annum; 1915 to 1919, $30,000 per annum.
-The '1'. F. & N. bonds are a first lien on the division between
Lien.
Toledo and Norwalk:the L. & C. bonds are a first lien on the road between
Cleveland and Lorain; and the new 1st consol. bonds a first lien on all other
lines and also a second mtge. on the divisions noted above.
REPORT.
-For years ending Dec. 31, not including Lorain Street RR.
Figures for 1907 include earnings of Sandusky Fremont & Southern By.,
placed In operation Sept. 17 1907. See report in V. 86, p. 418.
1904.
1905.
1906.
1907.
$788,268
$659,873
$860,720
Gross
$913,161
428,588
433,709
x pein gs
476,258
Oper. earn nses and taxes_ _ _ 521,559
Net earnings
Interest
Surplus
Other Income

$391,602
294,073

$384,462
254,198

8359,680
244,850

$97,529
25,000

$130,264
6,250

$114,830 def.$18,653

5226,164
244,817

$136,514
Net surplus
$122,529
ROAD.
-Operates 170.49 miles, extending from Cleveland to Toledo
ana Sandusky, and from Sandusky to Norwalk; also city lines in Sandusky;
standard-gauge, 70-lb. rails. Through line from Cleveland to Toledo was
opened for business about Aug. 28 1902. In addition owns the Sandusky
Fremont & Southern, 20.03 miles, and the Lorain Street RR., 24.77 miles,
making a total of 215.29 miles. Has 53 double-truck interurban cars, 23
sl n s. nickl, 17 cars, 6 double-truck baggage and freight cars and 32 work
cargle-tTota c 14.
-P. and Gen.
-P., W. H. Price: V.
OFFICERS.-Pres., E. W. Moore; V.
Mgr., F. W. Coen, Electric Bldg., Cleveland; Sec. and Treas. John P. Witt.
-v. 83, p. 95, 1098, 1171: V. 84, p. 51, 158, 387, 390, 1366; V. 85, p
1210, 1646; V. 86, p. 285, 418.
(1) Lorain Street Railroad Co.
-A trolley road
ORGANIZATION.
-Incorporated in Ohio on Aug. 3 1906 and is a consolidation of the Lorain St. Railway and the Avon Beach &'
RR.
Entire stock and $500.000 new consols is owned by the Lake Shore Elec. By.
A1at r o y.
STOCK AND BONDS Par. Date.
Interest. Outstanding.jan. lu1itl5
. 0.
52e0ext
Se0 t 0 0
Stock, $2,000,000 _
$100
_
Lor. St. By. 1st M.
- 1 ,000 1894
,1
6 J-J
0 Nostee
Os . By
Ot000
.
0 Guardian' . -N Cleveland, Tru v. 1.1949
st noo5 g m Co.,
rr.
. Cons.,) 1,000
300,oo usuee
L°12. $750,000, gold } Int. at Guaranty Trust Co., N. 1(., Trojtiy . 1 1936
N.
rI
boo
$1,
1st 0c0
onsol. mtge.) 1,000
5 g J-J
1906
000, gold,}Int. at Cit. Say. & Trust Co.. Cleve., Trustee, or
$2, 0 .
0
t
guar. ($1,000)_ cs)
ene75 n,00 wareoi es
,$y 10 Ne Y r .
-Of the $2,000 000 new bonds
Bonds.
reserved for prior
,
Ag
liens and $750,000 for extensions, etc. They are guar., prin. and int., by
end. by the Lake Shore Elec. By.
EARNINGS.
-For calendar year 1907, gross, $177,804; net, $67,261;
interest, $64,500; surplus, 52.761.
ROAD.
-Operates 2-1.77 miles of track between Elyria, Lorain and
Ileach Park. Standard gauge. 23 cars.
(2) The Sandusky Fremont & Southern RY.
ORGANIZATION.
-Incorporated in Ohio in April 1906 to act as
feeder of the Lake Shore Electric Ry., which owns the entire stock. Private right of way.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
0
Stt ck,$2,000, ,
ulo m0rtgage 00
Owned by the Lake Shore Electric By.
5 g J-J
$500,000 July 1 1936
$2,000,0001 1906
gold (51.000) guar__ __cs{ Int. at Cit. Say. & Trust Co. Cleve..
t trustee, or at Agency in New York.
BONDS.
-Are guaranteed, prin. and int.,by end, by the L. Shore Elec.
By.; not subject to call. See V. 83, p. 1099.
ROAD.
-Operates a line from Sandusky to Fremont, 20.03 miles.
-V.
83, p. 97, 1099.

MAP OF THE

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LAKE SHORE ELECTRIC RAILWAY
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30

STREET RAILWAYS
COLORADO SPRINGS, COL.

COLORADO SPRINGS & INTERURBAN R Y.
-Incorporated In Aug. 1902 as a consolidation of the
ORGANIZATION.
Colorado Springs Rapid Transit By. and the Colorado Springs & Suburban
By. The consolidated company,it was understood,would issue $1,500,000
stock and $1,500,000 5% bonds, but information as to new company refused-"Is a close corporation and has neither stocks nor bonds on the market." We are advised, however, that sufficient of the new bonds are reserved for underlying liens. Facts below relate solely to the old Colorado
Springs Rapid Transit Ry.
Colorado Springs Rapid Transit
Interest. Outstanding. Maturity.
STOCK AND BONDS Miles. Date.
Stock (par $100)
$500,000 f.p. 1905 6%
7 A 1890
6 A-0
1st NI., $1,000 each __
338,000
1910
27
1891
6 g A-0
Consol. M.,$1,000 ea.)
162,000 Apr. 1 1921
$500,000, gold f
Central Trust Co., N. Y., Trustee.
for
Interest is payable at Chemical National Bank, New York City.
Consolidated mortgage limited to $500,000 by cancellation of $250,000 of
the bonds: $338,000 reserved for first mortgage.
-Owns 38 miles of track.
ROAD.
OFFICERS.-Pres., D. H. Rice; V.
-P., A. G. Sharp; Sec., Wm. Lloyd:
-V.70, p. 75, 175, 328.
Treas., C. S. Chamberlin.

• COLUMBIA, S. 0.
COLUMBIA ELECTRIC STREET RAILWAY LIGHT & POWER.
-A
trolley road.
ORGANIZATION.
-Is a consolidation on July 1 1905 of the Columbia
Electric St. Ry. & Power Co. and the Columbia Water Power Co. The
first mentioned was organized in S. Car. Jan. 6 1892 and was a consolidation
of the Columbia Electric & Suburban By. Co. and the Congaree Gas &
Electric Co. Acquired the Columbia & Eau Claire Electric By. The
Columbia Gas Light Co. Is owned by friends of the company.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
Corn., $1,000,000 ($100)
$1,000,000
$600,000 6% cum.). ____
J-J
600,000 Jan.'07, 3%
($100) _
Pref..
•
Mortgage, $2,000,000 g.($5001 1905
5 g J-J
1,066,000 July 1 1935
& $1,000
c•}Interest at Mercantile Trust & Dep. Co., Bait
i Trustee, or company's agency in New York.
Bonds.
-Of the $2,000,000 new bonds, $1,066,000 are outstanding and
$534,000 are in the treasury and $400,000 are reserved for future betterments. A sinking fund of $10,000 per annum commences July 1 1906.
Dividends.
-First dividend on preferred stock-3%-paid July 1 1906;
Jan. 1907, 3%; none since.
EARNINGS.
-For calendar year 1907. gross, $410,254; net, after taxes,
$202,555; interest, $90,393; surplus, $112,162, which was used in erecting
new turbine steam plant of 5,000 h.p.
ROAD.
-Operates about 23 miles of track. Also does all electric lighting for city. Owns water-power contracts and water-power plant generating 8,000 h.p. and 5,000 h.p. turbine.
OFFICERS.-Pres., and Trees., E. W. Robertson; 1st V.
-P., Lewis M.
Parker; 2d V.
-P. and Gen Mgr., Wm. Elliott Jr.: Sec., A. L. Kraus.
-V.81,
p. 507, 974; V. 84, p. 931.

COLUMBUS, GA.
COLUMBUS ELECTRIC CO.
ORGANIZATION.
-Incorporated in Maine on Feb. 6 1903 and owns all
the securities of the Gas Lt. Co of Columbus, the entire common and pied
of the preferred stock of the Columbus Power Co. and the greater part of the
securities of the Columbus RR. Co., which companies do the entire street
railway and lighting and power business of Columbus and the adjoining
towns of Phoenix and Girard. Franchises perpetual. The freight lines
are leased to the Seaboard Air Line Ry. for 50 years from Oct. 17 1901 at a
rental of $7,500 per annum.
STOCK AND BONDS- Date.
Interest.
Outstanding. Maturity.
Corn.,$1,500,000 ($100)
$1,500,000
Pref. 6% non-cum.. $500 __
J-J
272,000 Jan '08,3%
no ($100)
1st coll. M., $1,500,000 gold 1903
5 g A-0
689,000 Apr, 1 1933
($1,000)
Interest at City Trust Co., Boston, Trustee
Col. RR. 1st mortgage,f 1898
5 A-0
423,000 Oct. 11037
$450,000, g. ($1,000). _lint. at West End Trust Co., Phila., Trustee.
Col. RR. 2d mortgage: 1sti 1903 6 A-0
250,000 Oct. 1 1937
pref., inc., gold, non- Interest at City Trust Co., Booton, Trustee.
cum., $250,000
G. L. Co. of Col mtge
1891
6 JD
15.000 June 1 1911
-Of the $450,000 Columbus RR. 1st mortgage bonds, $27,000
Bonds.
are reserved to retire underlying 6% bonds of like amount due in 1913. The
new $1.500,000 bonds of the Columbus Electric Co. are subject to call On
on or after April 1 1908, as a whole, at 105 and interest. $80,000 are reserved to retire a like amount of Columbus RR. bonds. An "Improvement
fund" of 2% per annum of outstanding bonds commenced in 1905.
-First div. on pref. stock, 3%, was paid Jan. 1907; 3% was
Dividends.
again paid July 1907. In 1908, Jan., 3%.
-Operates 26.7 miles of track, of which 5 miles leased to Seaboard
ROAD.
Air Line. 38 motor cars. Standard gauge. 40, 56 and 60-lb. rail.
-For 12 months ending Dec. 31 1907, gross, 5340,574; net,
EARNINGS.
$155,875; charges, $122,495; improvement fund, $13,780; dividends,
$15,000; surplus, $4,600.
OFFICERS.-Pres., Charles F. Wallace; Sec., Alvah K. Todd; Treas.,
Henry B. Sawyer; Gen. Mgrs. and Transfer Agents, Stone & Webster,
-V. 82, p. 509; V. 83, p. 1590; V. 84, p. 931.
Boston.
(1) Columbus Power Co.
ORGANIZATION.
-Is a consolidation in March 1906 of the Columbus
Power Co., the Coweta Power Co. and the Chattahoochee Falls Co. Entire
corn. stock and part of the pref. Is owned by the Columbus Electric Co.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
Common, $1,500,000 ($100)_
$1,500,000
Pref, $1,500,000, $100, 6%l
non-cum, red at 105
350,000
J
5 g A-0
1st mtge, $4,000,000, gold, 1906
1,375,000 April 1 1036
c Int. at Commonw. Tr. Co., Boston, Trustee.
guar
5 g A-0
Gold notes, $250,000, gnarl 1906
250,000 April 11011
principal and interest, by Redeemable at par on any interest date.
Interest at National City Bank, New York.
Columbus Electric Co
Bonds.
-Of the $4,000,000 authorized, $2,625,000 are reserved for
future purposes. Are guar., p. & I., by Columbus Electric Co
A sinking
fund of 1 % of bonds out commences April 1 1912. Bonds subject to call as
a whole at 110 and interest on any interest date.
-Controls by ownership or lease developed water Power on
PLANT.
Chattahoochee River aggregating 9,000 h. p. Also owns steam plant of
3,000 h. p. In city of Columbus. Proposes to have an ultimate hydraulic
development of 75,000 h. p.
-V. 82, p. 512.

COLUMBUS, OHIO.
COLUMBUS RY. & LIGHT CO.
-Trolley and electric light.
ORGANIZATION.
-Incorporated in Ohio on May 12 1903 and acquired
under lease the Columbus By. Co. and the Columbus Edison Co. at a rental
of guaranteed dividends at the rate of 5% per annum on the preferred stock
of the former and 6% per annum on the preferred stock of the latter, and 5%
per annum on the common stock of each, the dividends on the common
of each company to commence Sept. 1 1903. Holders of common stock of
the two companies were allowed to subscribe to the stock of the new company to the amount of their present holdings, 20% to be paid in cash and
the remainder snbject to call, but not more than 10% in any one year.
See V. 76, p. 1142. Lease was slightly amended in Jan. 1906 (V. 82, p.
160) and bonds and stock of the Columbus Ry. Co. are to be taken by the
lessee at par,In payment of advances made by the lessee for sonstruction
and improvement of property. In July 1906 the U. S. Court granted a
perpetual injunction restraining the city from enforcing an ordinance
passed in 1904 reducing the charge for electricity. V. 83, p. 94, 323.
On March 4 1907 leased for 50 years the Columbus Traction Co., which is
the successor to the Central Market Street ay.; for terms of lease see that
company below.
Shareholders of the Columbus Edison Co. (see below) will meet March 2
1908 to authorize additional common and preferred stock. V. 86, P. 284.
STOCKDate,
Interest. Outstanding. Dividends.
$5,000,0001
f.
Stock, $5,000,000
Quar. 120% paid in.I Feb.
08, 4%




[v oL. LXXXI].

COLUMBUS RAILWAY CO.
STOCK AND BONDS- Date.
Interest. Outstanding. Last dtv.,,fee
Stock, common, $3,500,000
Mar 2 1908
($100)
5 Q-M
$3,000,000
1 %
Stock, preferred $3,500,000
Feb 1 1908
($100), 5% cum guar
5 Q-F
3,500,000
1 %
Street RR 1st g, may 1889
Col Con
5 g J-J
511,000 July 1 1909
be called for s f at 110_
Interest at Central Trust Co., New York
Col St By 1st, $3,000,000,1 1892
5 g J-J
2,489,000 July I 1932
gold
C' Interest at E. W. Clark & Co., Philadelphia.
Knickerbocker Trust Co., N. Y Trustee.
Crosstown 1st mtge, gold, gu ,1 1893
5 g J-D
572,000 June 1 1933
prin & int
c*.1Knickerbocker Trust Co., N. V. Trustee.
Col By 1st consol mtge, $7,-1 1899
4 Q-J
3,428,000 Oct 1 1939
000,000 ($1,000), gold, c* Interest at Union Savings Bank & Trust Co.
Bonds are redeemable after I of Cincinnati, Trustee, at E. W. Clark &
Oct 1 1914 at 105 and int.) Co., Philadelphia, or at company's office.
-The Columbus Street By. mtge. of 1892 is for $3,000,000, of
Bonds.
which $511,000 are in hands of Trustee (Knickerbocker Trust Co., N. Y..
to retire the Col. Consol. St. RR.firsts. The Crosstown Street Ry. 1st mtge.
is for $2,000,000, of which $572,000 are outstanding; the rest have been canceled. Principal and interest of the Crosstown bonds were guaranteed by
the old Columbus Street By. Co.
Of the $7,000,000 mtge. of 1899 of the Columbus By., $1,500,000 were
issued in payment for the Columbus Cent. By. property: $3,000,000 will
be held in trust to retire the Columbus St. By. and the Columbus Consol.
Street RR. bonds, $572,000 to retire the Crosstown mtge. bonds and $300,000 to take up unsecured 4% notes of the Columbus Street Ry.; $1,628,000
was reserved to be used hereafter from time to time in making extensions,
Improvements and additions-$628,000 upon a 2-3 vote of directors, the
other $1,000,000 only on a vote of stockholders. This covers the whole
$7,000,000. In the table above we report as outstanding $3,428,000.
This Includes $1,500,000 issued in payment for the Columbus Central By.,
$300,000 issued under the clause providing for the retirement of 4% notes
and $1.628,000 under the clauses concerning improvements.
EARNINGS.
-Fur calendar year 1907: Gross, $2,256,519: net, $1,102,640; fixed charges, $911,059; dividends, $75,000; surplus, $116,581. In
1906: Gross, $1,931,088; net, $784,667; fixed charges, $577,402; dividends,
$100,000; surplus, $107,265. Total passengers carried, including transfers.
was 61,587,478 in 1907, an increase of 7,657,792.
Dividends -First div. on Columbus By. & Light stock, 1%, was paid
Jan. 15 1906, and 1% was again paid July 16 1906; in 1907, Jan. 1, 1%;
July 15, 1%; and also
% Oct. 1907. In 1908, Feb., %%,
Franchises.-Circult Court at Columbus, 0., on June 25 1903 handed
'
down a decision sustaining the claim of the Columbus By. to perpetual
franchise rights on certain streets. V. 77, p. 35.
. COLUMBUS EDISON CO.
•
STOOK AND BONDS
Date.
Interest. Outstanding. ,
Maturity.
Common ($100)
5 Q-M
$450,000 Dee 07, 1 g
cum 0100)
Pref 6%
6 Q-J
550,000 Jal'08, 1 A
---6
6 g M-N
Col Elm 1st mtge, gold, guar
450,000 Nov 1 1922
-Col Ed El 1st mtge, gold, guar_
5 g A-0
300,000 April 1 1929
-Both underlying liens are guaranteed by Columbu s Edison Co.
Bonds.
PROPERTIES CONTROLLED.
-The Col. By. & Light operates 107
miles of track. 5.6 of which Is a new suburban line and 12 miles interurban,
Also does the greater part of the electric light and power business of Columbus and has leased the Columbus Traction lines, 16 miles.
OFFIOERS.-Pres., Robert E.Sheldon; 1st V.
-P., Gen. Mgr. and Treas.,
-P., C. M. Clark: Sec. and Auditor, P. V. Burhigton
E. K. Stewart: 2d V.
82, p. 160; V. 83, p. 94, 323, 1523; V. 84, p. 51, 157, 338, 905;
V. 85.
p. 864: V. 86, p. 284, 420.
-A trolley road.
(1) Columbus Traction Co.
ORGANIZATION -Incorporated in Ohio on Dec. 26 1906 and is successor to the Central Market Street By., sold under creditor's bill in February 1906, subject to the $500,000 bonds. New company Is leased to the
Columbus By. 4 Lt. Co. for 50 years until 1957, rental being 5% on pref,
stock: corn. stock receives 1% on Jan. 1 and July 1 1908 and Jan. 1 1909;
% on July 1 1909 and Jan. 1 1910: 2% July 11010 and Jan. 1 1911 and
1 % quarterly thereafter. The Col. By. & Light Co. owns $250,000 of
the prof. stock, leaving $250,000 In the treasury of Traction Co. for betterments and Improvements, and owns all of the common of this company.
Franchise provides that tickets shall be sold 8 for 25 cents and that a 5-cent
cash transfer be issued to all lines entering or using the Columbus London
& Springfield By. Co. Interurban loop.
STOCK AND BONDS- Date.
Interest. Outstanding
Maturity.
Common, $500,000
*500,000
See text.
Preferred, $500,000 _ _
250,000
See text.
Cent Mar 1st mtge, $500,000,1 1902
5 g J-J
500,000 Jan 1 1922
0
Bonds $1, 031nkin
gold ( A 0)
c*f Interest at N. Y. Trust Co., N. Y., Trustee.
g fund of 5% of gross receipts commences after 5 years.
Entire issue is subject to call after 5 years at 110 and interest.
-Operates 16 miles of track, all In city of Columbus.
ROAD.
-V. 84.
p. 51, 338.

4

OHIO ELECTRIC RAILWAY CO.
Incorporated May 1907 in Ohio with $100,000 capital. On Aug. 27 1907
this was increased to $25,000,000, half common and half preferred. On
Sept. 1 1907 the company acquired by lease the Indiana Columbus & Eastern Traction Co. and, by purchase, the Lima & Toledo Traction Co., which
It is now operating in the following districts: Western district, Dayton to
Richmond and Dayton to Union City; central district, Dayton to Columbus •
and Springfield to Lima; eastern district, Columbus to Newark and Zanesville, and also Columbus to Grove City and Morgan; northern district, Lima
to Ft. Wayne, Lima to Defiance and Lima to Toledo. The line from Bellelontaine to Lima and Ottawa to Toledo is nearing completion. The Ohio
Electric Railway Co. on Feb. 1 1908 also acquired from the Cincinnati
Northern its lease of the Cin. Dayton & Toledo 'fraction Co., the latter run
ning from Cincinnati to Dayton. With the local lines in Lima, Newark,
Zanesville and other points comprises 700 miles of track, as well as the electric-lighting and power plants In Lima and Zanesville. All of the properties mentioned belong to the Morgan-Schoepf interests, and the Ohio Electric
Railway lines will be affiliated with the properties of the Morgan-McGowan
Interests in Indiana.
STOOK AND BONDS- Date. Rate %. Outstanding. Dividend.
Common. $12,500,000$8,000,000
_
Preferred, $12,500,000
81,900080;030%0
,Stock.
-Preferred is entitle6to dividendsof 2% in
In 1909, %
4
in 1910 a d 5% thereafter.
n
OFFICERS.-Pres., W. Kesley Schoepf; V.P.,'s Norman McD. Crawford, Dana Stevens and J. B. Foraker: Sec. and Treas., F. A. Healy.
-V.84.
p. 1248; V. 85, p. 531, 601, 1144; V. 86, p. 338.
trolley road.
-A
(1) The Indiana Columbus & Eastern Traction Co.
Leased to the Ohio Electric By. In Aug. 1907.
ORGANIZATION.
-Incorporated in Ohio on April 14 1906 and has acquired the Dayton Springfield. & Urbana [Dec. By. the Columbus London
& Springfield Ry., the Columbus Grove City & Southwestern By., the
Urbana Bellefontaine & Northern By. the Springfield & Western By., the
Dayton & Northern Traction Co., arid about 12 miles of the Dayton &
Muncie Traction Co. extending from Greenville to Union City, on the
Indiana-Ohio State line, the remainder of the road (from Union City to
Muncie) being acquired by the Indiana Union Traction Co. Has also acquired the Columbus & Lake Michigan RR., a steam road, operating between Lima and Defiance, which will be converted to electricity.
Leases the Dayton & Western Traction Co. and the Columbus Newark &
Zanesville Elec. By., which latter company had previously absorbed the
Columbus Buckeye Lake & Newark Traction Co.and the Zanesville By.Light
& P. wer Co. Is building a line from Beliefontaine to Lima, 32 miles, to
be completed durigr snril.g. of 1908.
The new general and refunding mortgage bonds were listed on the Philadelphia Stock Exchange in February 1907. V. 84, p. 339.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
Common, $11,000,000 ($100)..
$11,000,000
Preferred, $1,000,000 ($100)
1,000,000
Gen and ref mtge, $12,000,- 1906
5 g MN
6,333,000 May 1 1926
000, gold ($1,000)
c Int.at Pa.Co.for Ins.on L.&G.A.,Ph la.,Trus.
Col Lon kSpg 1st mtge, $1.- 1900
5 g A-0
500,000 Oct 1 1920
500,000, gold ($1,000)_ _c• Int. at N. Y. Trust Co., New York, Trustee.
Col Grove City & S W lstl 1901
5 J-J
5,000 July 1 1921
mtge, $250,000 ($1,000)_c New York Trust Co., New York, Trustee.
Day Spgr & Urb 1st mtge, 1898
5 g M-N
750,000 Nov 1 1928
$750.000. gold ($1,000)___ Interest at N. Y. Trust Co., N. Y., Trustee.

PEB., 1908.]

STREET RAILWAYS

-Of the $12,000,000 new bonds, $7,900,000 are to be issued for
Bonds.
purchase of present properties and improvements. Of this $7,900,000,
$1,250,000 are held to retire the underlying liens given in table above.
$4,900,000 of these new bonds have been sold to a syndicate headed by
Drexel & Co. of Phila. The remaining $4,000,0110 are reserved 1 r Rime
betterments, improvements and extensions. These bonds are subject to
The
call in whole, but not in part, after May 1 1911 at 105 and interest. and
Columbus London & Springfield bonds may be called after 1906 at 110
of 5% of gross earnings begins with
interest. A sinking fund on these bonds
year ending Sept. 30 1906. See V. 71, p. 963. The Dayton Springfield &
Urbana bonds are subject to call at 110 and Interest since Nov. 11005. A
Sinking fund of 5% of gross earnings began in 1903.
-Will operate 444.79 miles of track (including 138.98 miles of
ROAD.
leased lines) extending from Zanesville on the east via Newark to Columbus
and thence through Springfield to Dayton,and from Dayton to Muncie. Ind.,
and Richmond, Ind., where connection is made with lines to Indianapolis,
and north from Springfield through Urbana and Bellefontaine to Lima and
to Defiance, all in Ohio.
E. A.
,
-P., J. B. Foraker Jr.;
0FF1C ERS.-Pres. D. G. Edwards; V.
Sec..
-V.83, p. 37, 155, 380, 626, 1098;V. 84,
Russell; Treas., W. H. Schubert.
V. 85, p. 600.
p. 339;
-Trolley road.
(a) Dayton & Western Traction.
-Incorporated on June 26 1898. Was leased on June
ORGANIZATION.
Colum. & East.(V. 82, p. 1437). For terms, see below.
15 1906 to Ind.
In June 1906 we were informed that franchises expire some In 17 and
some in 44 years.
Last Div.
- Date
Interest. Outstanding.
STOCK AND BONDS
See text
Q-J
$900,000
Stock, $900,000 0100)-- - -pref, $850,000, 5%,1
Do
See text
850,000
cum ($100)
-Quarterly dividends of 1% % are paid on preferred. First
Dividends.
dividend on common Jan., 1904, 2%. In 1905, 2%. In 1906, Jan. 1%;
April, 1 %; July, 1 %. Lease taking effect June 15 1906 provides for 5%
per annum on preferred stock and 5% on common stock in 1906 and 1907,
% in 1908 and 6% thereafter.
-Dayton, Ohio, to Richmond, Ind., 40 miles, with branch from
ROAD.
New Westville to New Parts, 2% miles; total, 42% miles. At Richmond
connection is made with Richmond Street & Interurban Ry., thus making
a through line from Indianapolis, via Dayton, to Columbus, a distance of
184 miles. V. 82, p. 1437; V. 83, p. 36. 94, 379.
OFFICERS.-Pres. and Treas., Valentine Winters, Day ton; Sec., R. R.
Dickey Jr., Dayton.
(b) Columbus Newark & Zanesville Electric Ry.-A trolley road.
-Incorporated in Ohio on July 2 1902, and in May
ORGANIZATION.
1904 absorbed the Newark & Granville Street Ry. In May 1906 acquired
the Columbus Buckeye Lake & Newark Traction Co., the preferred shareholders being given $500,000 in pref. stock for their holdings. Also took
over the Zanesv. By. Light & Power Co. and was then leased on June 23
1906 to the Indiana Colum. do East. Trac. Co. for length of franchise and
renewals thereof. Rental is interest on bonds, an amount equal to 6% on
the preferred stock and $500 for organization expenses. V. 83, p. 625.
Entire common stock is owned by Ohio Electric By. Co.
utstanding. Maturity.
t
STOCK AND BONDS$5,750,000
Common, $5,750,000 ($100)-- --------------500,000 Jan'98 1 %
Pf,6% cum, $500,000 ($100)- ---6 Q4
1,250,000 Mch 1 1924
5 g M-S
1st mtge, $2,000,000, gold 1904
c Int. at Knickerbocker Tr. Co., N. Y., True.
($1,000)
736,000 May 1 1926
5 g M-N
Gen & ref nage, gold, $6,- 1906
Int. at Girard Trust Co., Phila., Trustee
250,000 ($1,)00)
1,243,000 Nov 1 1921
5 g M-N
CBL&N 1st mtge, $1,500,- 1901
True.
c• Int. at Knickerbocker Tr. Co., N.
000. gold ($1,000)
Y.,
5 g A-0 15 $750,000 Oct 15 1912
Zanesville Ry, Lt & Pow 1st1 1902
cons mortgage, $1,000,000}Int. at Cent. Tr. 63 S. D. Co., Cinc., Trustee,
($500, $1,000), gold_ _ _ _c*j or Trust Co. of America, New York.
Registrar, Guardian Trust & Safe Deposit Co., Zanesville, Ohio.
250,000 Jan 1 1919
4 g F-A
Zanesv 51cc 1st mtge, $250,-) 1899
000, gold, subject to call Interest at International Trust Co., Boston,
Trustee.
after 1903, $1,000 each_c
-Of the $6,250,000 new bonds, $3,771,000 are reserved to retire
Bonds.
prior liens and $1,743,000 for betterments and extensions. They are subject to call after 5 years at 105 and interest. Under terms of this mtge.
'
none of the $750,000 1st mtge. bonds unissued can now be issued. The
entire Issue of Col. New. & Zanesv. 1st 5s can be called at 110 and int. on
1234. The Col. Buck. L. & New. bonds arc subV. 80,
any int. date.
p.
ject to call on any int. date at 110 and hit on 3 months notice.
-Operates about 94 miles of track from Columbus to Zanesville,
ROAD.
Including the city lines In Zanesville, Newark and Granville, and a branch
to Buckeye Lake. Standard gauge; 60 and 70-1b. T rail and 90-lb. girder.
-P., J. B. F.iralcer Jr.; Sec. and
OFFICERS.-Pres., Dana Stevens; V.
-V. 82, p. 1156, 1211, 1437, 1496; V. 83, p. 36, 213,
Treas., F. A. Healy.
625.
(2) Lima & Toledo Traction Co.
Acquired by purchase by the Ohio Electric Ry. Aug. 1907.
-Organized on March 23 1905 and leases the Lima
ORGANIZATION.
Electric Ry. & Lt. Co. and the Ft. Wayne Van Wert & 1.1ma Traction Ob.
Street railway franchises in Linia expire in 1932.
utstanding. Maturity.
te
STOCK AND BONDS.$2,000,000
Common $2,000,000 ($100)--- -------------1,000,000
Pref $1,000,000 5%n c ($100)
2,250,00Q May 1 1927
5 g M-N
1st mortgage $2,750,000 gold) 1907
c Int. at Provident Life & Tr. Co., Phila, Trus.
($1,000)
Bonds.
-Are subject to call years after date at 105. No sinking fund.
ROAD.-Elas under construction a line from Lima to Toledo, which
is completed and in operation to Deshler, 35 miles. Also leases the Lima
Elec. Ry. do Lt., 12 miles, and the Ft. Wayne Van Wert & Lima Trac. Co.,
60 miles.
-P., W. H. McaAlister; Sec.,
OFFICERS.-Pres., D. G. Edwards; V.
-V.82, p. 602; V.84, p. 339; V.85,
E. A. Russell; Treas., V(T. H.Schubert.
p. 221, 284, 601.
-A trolley road.
(a) Lima Electric Railway & Light.
-The company is a consolidation completed Aug. 1
ORGANIZATION.
1900 of the Lima By. (Incorporated Nov. 5 1896) and the Lima Electric
the only companies engaged in these lines in Lima.
Light & Power
Co..
Of the stock, $350,000 is In the company's treasury. Capital stock was inIn Sept. 1905 from $850,000 to $1,250,000. V. 81, p. 1100. Was
creased
leased July 1 1905 to the Lima do Toledo Traction.
Tnterest, Outstanding. Maturity.
Date.
STOCK AND BONDS.$1,250,000
Stock $1,250,000 ($100)_
155,000 Dec 1 1916
5 g J-D
Ry 1st mtge $200,0001 1896
Lima
}Int. at Dime Say. & Bkg. Co. Cleveland,
gold ($500)
•J Trustee; also at Fourth Nat. IA., N. Y.
50,000 June 1 1917
5 fr J-D
Lima Elec Lt & Power goicil 1900
1st M $85,000 ($1,000) _ _c* JInt. at Cleve. Trust Co., Cleve., Trustee.
260,000 July 1 1916
5 g J-J
Lima Elec Ry & Lt gold 1st' 1900
con mtge $500,000 ($500)c' Int. at Cleve. Tr. Co., Cleve., Trustee, or
Standard Trust Co., New York.
350,000 April 1 1925
5 g A-0
2d Consol mtge, $850,000 1902
c• Int. at Fidelity Tr. Co., Buffalo, Trustee.
gold ($1.000)
$425,000 Sept 1 1925
5 g M-S
Lima 1.31ec Ry & Lt Refund'g 1905
Int. at Girard Trust Co., Phila., Pa.
mtge $1,250,000 gold
Bonds.-Of the first con. mtge. gold 55, $215,000 are reserved to retire
the two above prior liens. The Lima Ry. bonds may be called in 1907 at
par, on 4 weeks' notice, and the Lima Elec. Lt. & Power bonds may be
called on any interest day on 30 days notice. Of the $850,000 2d consols,
$500,000 are reserved to retire a like amount of first consols These bonds
are a lien on the electric light and heating plant, as well as on the railway.
Cannot be called before maturity. See V. 75, p. 79.
-Owns 12 miles of track, also a steam-heating plant (franehise
ROAD.
perpetual. operated in connection with the electric-lighting plant).
-Ps., J. B Foraker
OFFICERS.-Pres., Jos. B. Mayer, New York; V.
Jr., Cincinnati; N. McD. Crawford, Cincinnati; Sec. do Treas., F. A. Healy,
CincInnati.-V. 71, p. 29, 342, V. 74, p. 829, 1089; V. 81. p. 135, 1100.
tb) Fort Wayne Van Wert & Lima Traction Co -A high-speed interurban
trolley road.
ORGANIZA'PION.-On March 1 1906 was leased, until expiration of
franchises, to Lima & Toledo Traction Co., which guarantees the bonds,
prin. de Int. V. 32, p. 691. Incorporated in Indiana and Ohio. Road is
entirely on private right of way, except in towns, where it has 25 or 50-year
jranchises.




31

Interest. Outstanding. Maturity.
Date.
STOCK AND BONDS.($100)-1,000,000
Common $1,000 000
-----------1,000,000
----Pref $1,000,000 5% n c ($100)
1,400,000 July 1 1930
5 g J-J
1st mortgage $2,000,000 gold) 1905
guaranteed ($1,000)__. _c*f Int. at Fidelity Tr. Co., Phila., Trustee.
--Of the $2,000,000 bonds. $600,000 are reserved for extensions
Bonds.
and improvements. V.82, p. 691. Are not subject to call.
-Operates 60 miles of track from Ft. Wayne via New Haven,
ROAD.
Monroeville, Convoy, Van Wert, Middlepoint, Delphos and Elida to Lima.
Commenced complete operation Nov. 15 1905. Standard gauge, 70-lb. Trail. 10 passenger cars and 1 express car.
-P., D. J. Cable; Sec. and
OFFICERS.-Pres., W. Kesley Schoepf; V.
-V.82, p. 691,804; V. 83, p. 37.
Treas., F. A. Healy.
-Trolley.
(3) Cincinnati Dayton & Toledo Traction Co.
Leased t toe Ohio Electric By. 0).;Isee bel w.
-Incorporated in Ohio on May 19 1902, and is a con
ORGANIZATION,
solidation of the Southern Ohio Traction Co., the Cincinnati do Northwestern Ry. the Miamisburg & Germantown Traction Co. and the Hamilton & Lindenwald Elec. Trans. Co. V. 74, p. 884, 1037. Franchises are
for 25 and 50 years. An issue of $250,000 preferred stock was made in
April 1905 to take up floating debt. V. 80, p. 1362, 1478, 1728.
1.: se.
-Was leased to the Cincinnati Nortnern 'fraction Cu. May 1 1905
f n• length of franchise and renewals thereof. Lease transferred to Ohio
Electric Ry. Co. Feb. 1 1908, and Cinc. Northern now maintains only a
nominal corporate existence. The lessee is to pay all fixed charges, including interest on the $1,500,000 bonds, and in addition It agrees to
pay $25,000 the first year, $37,500 the second year, $50,000 the third
year, $50,000 the fourth year, $62,500 the fifth year, $75,000 the sixth year.
*87,500 the seventh year, *100,000 the eighth year, and an additional
$12,500 per year when the annual gross earnings of the lessee from operation
shall amount to $1,200,000, and Increasing at the rate of $12,500 per year
with each $100,000 of increase In gross earnings, until the amount to be paid
is *200,000; also $2,000 per annum for organization and office expenses.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
$5,000,000 See text.
J-J
Common,$5,000,000 (4100) - -__250,000 See text
J-J
Pref., $250,000, 5% cum__
2,700,000 July 1 1922
5 g J-J
Chi. Day. & Tel. 1st cons.) 1902
M.,$5,000,000.g.($1,000)c*f Int. at Cleveland Trust Co., Trustee.
Southern Ohio Trac. 1st cons.
1,350,000 May 1 '20
5 g 3.1-N
$2,000,000 ($1,000)gold, c* 1900
Interest at Clev. Trust Co., Trustee, or at Standard Trust Co., N. Y.
6 g J&J
400,000 Apr. 1 1918
Cin.do Ham.Elec.lst g.($500)i 1898
$500,000, not sub. to call_Int. at Cit.Sav.&Tr. Co., Cleve., Trustee.
5 g J-J
250,000 July 1 1916
Dayton Traction 1st M., 1896
g.($1,000), int. guar_c* Int. at Finance Co. of Penn.,Phila., Trustee.
Lindenwald1
&
Hamilton
5 g J-D
1
250,000 Dec. 1 1911
Elec. Transit 1st M. s. f.1901
Trustee.
$250,000 g. ($1,000), c* Interest at Cleveland Trust
5 g J-D
50,000
Co.,bee. 1 1911
Want. & Germ. 1st, guar., 1901
($50,000) g. ($1,000)_c* Interest at Cincinnati Trust Co. Trustee.
-None of the issues are subject to call. Of the $5,000,000 Cin.
Bonds.
Day. & Tol. Trac. issue, $2,300,000 is reserved to retire prior liens. See
V. 81, p. 154.
Of the $2,000,000 So. Ohio Traction bonds, $650,000 are reserved to
retire Ctn. & Ham. Electric bonds and Dayton Traction bonds. Issue
listed on Philadelphia Stock Exchange.
The Ham. & 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 % additional each year until 1911.
-5% per annum is paid on the pref. stock. On common diviDividends.
dends are being paid in accordance with terms of lease.
-Owns 83.93 miles of track (including second track and sidings),
ROAD.
connecting Cincinnati with Dayton. Obtains entrance into Cincinnati to
Spring Grove Ave. at Linden St. over the Cin. Northwestern Division.
11 old oetween Hamilton and Dayton is practically being reconstructed on
-V. 81, p. 154.
private right-of-way.
COLUMBUS DELAWARE & MARION 12Y-A. holding company.
-Incorporated In Ohio in Oct. 1904 and owns the
ORGANIZATION.
entire capital stocks of the Columbus Delaware & Marion Elect. RR.($1.000000) the Marion Ry. Light & P Aver Co. ($500,000) and the Columbus
Northern Ry. Power & Equip. Co. ($300,000). The same or affiliated
,
interests c ntrol the Marion dc Western Ry. Light dc Power Co., the
Marion & Suburban By. and the Columbus Marion & Bucyrus RR.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
$2,500,000
Stock, $2,500,000 ($100)
915,000 Aug. 1 1944
5 g F-A
1st ref mtge., $2,500,000,1 1904
$1,000)._c*f Int. at Mercantile Tr. Co., N. Y., Trustee.
gold ($500 &
Bonds.
-Of the new ref. mtge. $1,585,000 are reserved to retire the bonds
of the Col. No. By.P. & E. Co., the Marion Ry., Lt. & P. Co. and the C. D.
& M. Elec. RR.
-P., 0. M. Gotschall; Sec., Henry
OFFICERS.-Pres., John G. Webb; V.
B. Hane; Treas., N. J. Catrow; Gen. Mgr., George Whysall.-V. 80, p. 117.
(1) Columbus Delaware & Marion Electric RR.
-Incorporated in 1901.
ORGANIZATION.
Outstanding. Maturity.
flat'. Interest.
BONDS5 g M-N
$1,000,000 May 1 1921
a oo g .
lstrrrtoi $1,000,000, gold( 1901
c*i Int. at Cleveland Tr. Co., Cleveland.
I Trustee, or Nat. Bank of Com. In N. Y.
-See V. 75, p. 76.
Bonds.
-Operates an electric railway over private right of way from
ROAD.
Columbus to Marion, passing through Franklin, Delaware and Marion
counties. Also 7 miles in the City of Delaware, a total of 57 miles.
OFFICERS.-Pres., Jno. G. Webb; V.P. 0. M. Gottschall; Treas.,
Henry 13. Bane; Sec., Jas. S. Webb; Gen. Mgr., Geo. Whysall. Office,
Buggery Building, Columbus. 0.-V. 77, p. 1533, 2281; V. 80. p. 117.
(2) Columbus Northern Ry. Power & Equipment Co.
-Incorporated in Ohio on Oct. 24 1904 to erect a
ORGANIZATION.
power house at Delaware and sub-stations to supply electricty for power
and heat.
Interest. Outstinding. Maturity.
Dal-.
BONDS$285,000 Sept. 1 1934
5 g M-S
1st mortgage, *300,000 gold). 1904
cjInt. at Standard Trust Co., N. Y., Trustee.
($1,000)
OFFICERS.-Pres., John G. Webb; Sec.. Henry B. Bane; Treas., James
S. Webb.
(3) Marion Railway Light & Power Co.
-Incorporated in Ohio on June 24 1903 and is a conORGANIZATION.
solidation of the Marion Street Railway Co. and the Marion Electric Light
& Power Co.
Interest. Outstanding. Maturity.
Date.
130.0 DS$300,000 July 1 1924
5 g J-J
1st mortg., gold ($1.000)-c* f 1904
1Int. at Standard Trust Co.. N. Y., Trustee.
-No sinking fund and bonds cannot be called.
Bonds.
-10 miles of track in Marlon Standard gauge. 60 and 80-lb.
ROAD.
rail.
OFFICERS.-Pres., John G. Webb; Sec., Geo, Whysall; Treas., Jas, S.
-V. 77, p. 89.
Webb.
(4) Columbus Marion & Bucyrus RR. Co.
ORGANIZATION.-Incornorated in Ohio on July 29 1905 to•bulld from
Will be completed in April 1908.
Bucyrus, Ohio, 22 lilies.
Marlin to
70-lb. T rail.
$ tst znding. Maturity.
Interest. 0u5oosoo
o
STOCK AND BONDS- Date.
Stock $500,000
5 g A-0
500,000 Sept 1 1935
First mortgage $500,000 ($1,-) 1905
jInterest at Cincinnati Trust Co., Trustee.
000) gold
-Sinking fund of $5,000 per annumbegins Sept. 1 1910. GuarBONDS.
anted principal and Interest by Columbus Delaware & Marlon Ry.
-P. Geo. H. Holzbog; Sec., H. B.
OFFICERS.-Pres., J. G. Webb; V.
Bane; Treas., J. S. Webb.
(5) Marion & Western Railway Light & Power Co.
-Incorporated in Ohio on Sept. 26 1906 to purchase
ORGANIZATION.
the Prospect Electric Light Co. and to build from Prospect to Richwood,
Ohio. 7 miles.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
$200,00o
Stock $200,000
200,000
1936
5 g A-0
1st mortgage $200,000 gold) 1906
'Bite eat at Cincinnati Trust Co., Trustee.
($500)

32

VOL. Lxxxvi.

STREET RAILWAYS.

-Subject to call after 1912 at 110. Sinking fund of $5,000 per
Bonds.
annum after 1912.
OFFICERS.-Pres., N. J. Catrow; V.
-P., J. G. Webb; Treas., G. H.
Holzbog; Sec., J. S. Webb.
(6) Marion & Suburban Railway Co.
ORGANIZATION.
-Incorporated in Ohio Sept. 25 1906 to build the
necessary extensions of trackage to the local Marion City lines demanded
by tat; city ot
STOCK AND BONDS- Date.
Interest. Outstanding.
Maturity
Stock $250,000
$251,000
5 g A-0
250,000
1st mortgage $259,000 gold) 1906
1936
I Interest at Cincinnati Trust Co., Trustee.
($500)
Bonds.-SubJect to call after 1912 at 110. Sinking fund of 35.000 per
annum after 1912.
OFFICERS.-Pres., Geo. H. Holzbog; V.
-P., J. G. Webb; Treas., N. J.
Catrow; Sec., H. B. Mane.
COLUMBUS NEW ALBANY & JOHNSTOWN TRACTION CO.
-A
rolley road.
ORGANIZATION.
-Incorporated in Ohio on May 4 1899. In May 1905
canceled old mortgage for $200,000 and made the new mortgage in table
below. V. 80, p. 2399. Franchises are for 25 years. Bonds were offered
in 1908 at 85. with a bonus of 50% In common stock. V. 82, p. 1211.
STOCK AND BONDSDate.
Interest. Outstanding. Maturity.
Corn.. $400,000 ($100)
$400,000
Pref. (6% cum.). $200,000}
200,000
($100)
1St mtge., $450,000 gold( 1905
5 g J-J
See text Jan 1 1925
.
.
($500 and $1,000)
Int. at Columbus Say. & Trust Co., Trustee,
I or Its agency in New York.
Entire issues of stock are held by four stockholders.
Bonds.
-$50.000 Is reserved for prior liens and $400,000 are held in treas.
to provide for extensions. See V. 82, p. 1211.
LATEST EARNINGS.
-For 6 months ending June 30 1907, gross, $29,82; oper. expenses and terminals, $21.989; surplus. 38,118.
REPORT.
-For calendar year 1906: Gross, $52,581; net, after taxes
and terminal charges, $15,058. For 1905: Gross, $34,513; net, after terminal charges, $7,605.
ROAD.
-Operates 8.8 miles of track from Columbus to Gahanna, including perpetual lease of 2
miles of tracks of the Columbus By. as terminal:
gauge, 5 ft. 2 Si In.; 65-1b. T-rall. An extension of 17% miles to New
Albany and Johnstown over private right of way to be built.
OFFICERS.-Pres.. Wm. D. Brickell; V.
-P. Daniel J. Ryan; Sec.-Treas.,
and Gem Man., L. P. Stephens.
-V. 82, p. 1211.

SCIOTO VALLEY TRACTION CO.
-Third rail.
ORGANIZATION.
-Incorporated In Ohio In 1899. Built on private
right of way.
STOCK AND BONDSInterest. Outstanding. Maturity.
Date.
Corn., $1,800,000 ($100)
$1,800,000
Pref., $1,200,000 5% cum. _- Q-J
1,180,500 Jan'08,1
($100)
1st mortgage, $2,000,000, 1903
5 g J-J
None
July 1 1953
c* Int. at Un.Sav.Bk. & Tr. Co., Cin.& at N.Y
gold ($1,000)
Bonds.
-No sinking fund and bonds not subject to call.
Dividends.-Dlvldends on pref. stock were to accrue from Oct. 1 1905
but amounts due Jan. 1 1906 and April 1 1906 were relinquished by shareholders, and 1st div. (13i %) was paid July 1906 and 1 % Oct. 1906. V.
82, p. 1440. In 1907. 5%; in 1908, Jan., 13i%.
-For year ending April 30 1907, gross, $329,213; other
EARNINGS.
Income,$866; net,$164,602; charges,$113,964; surplus,$50,638.
-Operates 72 miles of track from Columbus to Lancaster and
ROAD.
from Columbus to Chillicothe. Is operated by third-rail system. Standard-gauge 79-lb T-rail.
OFFICERS.-Pres.. & Man., Frank A. Davis; V.
-P.. W.S. Courtright;
Sec. and Treas.. Edwin R. Sharp; Supt., C. Skinner.
-V. 77, p. 197; V.
81, p. 32, 778, 1551. 1661; V. 82, p. 101, 1158, 1440.

CONCORD, N. H.
-A trolley road extending from the
CONCORD STREET RAILWAY.

central wards of Concord to Penacook. Comprises 12.71 miles of track
In June 1901 control passed to the Boston & Maine RR., and In 1903 the
New Hampshire Legislature authorized the Concord ec Montreal RR.,
which Is leased to the Boston & Maine, to purchase the property and to
issue stock and bonds to pay therefor.

CONCORD, MASS.
CONCORD MAYNARD & HUDSON STREET RY.-A trolley road.
ORGANIZATION.
-Organized in Massachusetts March 27 1901. Ac
Concord & Clinton Street Ry. Feu. 1 1902., In Jan. 1908 RR. Commission authorized an increase in stock from $175,000 to $200,000, Issue
price to be $100 per share. Franchises perpetual.
Interest. Outstanding. Maturity.
Date.
STOCK AND BONDS$200,000
Stock,$200,000 ($100)
.
5 g J-J
175,000 July 1922
1st mortgage, $175,000, gold) 1902
c&rjInterest at American Trust Co., Boa,, Trus.
($1,000)
91,300
"Current liabilities" Sept. 30 1907
-Operates 15 miles of track between Concord, Stow. Maynard
ROAD.
and Hudson; 7 open and 9 closed cars, 2 snow plows and 1 construction car.
EARNINGS.
-For year ending Sept. 30 1907, gross, $59,982: net,
$23,950; fixed charges, $16,526; surplus, $7,424.
OFFICERS.-Pres.,Chas.H. Persons; Treas., Henry Tower; Sec., John
-V. 75, p. 184, 611; V. 85, p. 1338.
W. Ogden.

CONNEAUT, OHIO.
CONNEAUT & ERIE TRACTION CO.
-Trolley.

CORTLAND, N. Y.
CORTLAND COUNTY TRACTION.
-Trolley.
ORGANIZATION.
-Is a reorganization on June 22 1901 of the Cortland
& Homer Traction, sold at foreclosure on April 23 1901. In June 1905 absorbed the Cortland & Homer Electric Co., previously controlled. 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. In May 1907
was granted permission to increase the capital stock from $320,000 to $1,000,000 and to issue a new 1st and refunding mortgage of 32,000,000 for
the purpose of retiring all outstanding Indebtedness and for extensions
and equipment. Nothing had been done toward the issuing of these bonds
up t Feb. 1908.
STOCK AND BONDS-Date.
Interest. Outstanding. Maturity.
Stk.,common,$320,000 (3100)
.....
$320,000
1901
4 g A-0
180,000 April 1 1920
mortgage. $180,000 County Say. Bk. & Tr. Co.,Scranton, Pa.,Tr.
First
($500) gold
c* Interest at company's office. No sinking fd.
Can be called on 6 months' notice.
New mortgage, $500,000, g 1905
5 g F-A
320,000 Aug 11035
(3500 and $1,000)
of Interest at Empire Trust Co., N. Y.,Trustee.
-Of the $500,000 issue of 1905, 3180,000 are reserved to retire
Bonds.
prior liens. They are subject to call after Aug. 1 1910 at 105.
-Operates 17.18 miles of track between Cortland, Homer, Little
ROAD.
York and Preble, and between Cortland and McGrawville; 30 cars.
EARNINGS.
---For fiscal year ending June 30 1907, gross, $71,019; net,
$27,395; other Inc., 1666; total net Income, $28,061: charges, $17,644;
surplus, $10.417.
OFFICERS.-Pres., D. W. Van Hoesen: V.
-P., Edw. H. Brewer; Sec..
G. H. Garrison; Treas. and Gen. Mgr., Edwin Duffey.
-V. 72, p. 821,
1187; V. 81, p. 507.

COVINGTON, KY.
CINCINNATI NEWPORT & COVINGTON LIGHT & TRACTION CO.-

._road.
lvas
AL
trolleyeaLease.-Was leased from April 1 1907 to the Columbia Gas & Electric
(Incorporated in Ohio) for 45 years. The lessee guarantees interest Co.
on
bonds and 43% % per annum on preferred stock. On common dividends are
to be 3% for first year, increasing
% each year until 6% is reached, which
is to bathe rate thereafter. First dividend on common.% %,July 15 1907.
See V. 84, p. 449. 730; also terms in V. 84, p. 1489, under Columbia Gas
Electric.
& EIe
ORGANIZATION.
-Incorporated under the laws of New Jersey on
March 11 1902 and purchased an the stock of the Union Light, Heat &
Power Co. of Covington and of the Cincinnati Newport & Covington Railway•
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 opposite Cincinnati.
The Cincinnati Covington & Erlanger Street By. (providing for an extenmiles), incorporated Sept. 1809 with $250,000 stock
sion to Erlanger, 7
(shares. $50). Is controlled and is being built out of proceeds of sale of the
pref. stock of the new company. About 3 miles have been completed.
STOCK AND BONDSDate.
Interest. Outstanding. Maturity.
g.
Corn. $5,000,000 ($100) - -.. _
..
35,000,000 Jan 1aCO8,li
5 urtt'li
Pref, 0.5 % non-cum, 35,1
000,000 (3100)
43% Q-J
4,509,000 Jan 15'08,1 )4
Underlying Bonds
So Coy & Cin 1st mortgage 1882
6 $1-S
250,000 March 1912
($
W. A. Goodman, Trustee.
2dco so1 mtge, $500,000, g 1802
l0
l 0)
6 g J-J
150,000 Jan 1 1932
(3500-31,000)
fCovIngton Say. Bk. & Tr. Co.. Trustee.
Newp & Day St By 1st If_ ___ 1887
10)9,000 Aug 11017
6 F-A
Cincinnati Newport & Covington
1st consol mtge, gold, 33,-i 1892
5 g J-J
$2,500,000 July 1 1922
000,000 (31,000)
c*&rf Farmers' Loan & Trust Co. of N. Y., Trustee
2d m3rtgage, $1,000,000, g, 1896
600,000 July 1 1922
5 g J-J
($1.000 each)
cj Farmers' Loan & Trust Co., N. Y. Trustee.
Union Light, Heat ct Power Co.( 1901
4 g M-N
1,500,000 May 11018
1st mtge, 32,000,000, gold; Int. at Nat. Bank of Commerce, N. If.; First
($1OO,$500 and $1,000)c&r1 National Bank, Cincinnati, or at German
( National Bank. Covington.
Bellevue Water F & G L Co,1
_
6 g J-D
100,000 Dec 1 1912
mtge,$100,000 ($1.000)_c*f Int. at German Nat. Bank, Covington, Ky.
.
Bonds.
-Of the first consolidated bonds of 1892 of the C. N. & C. By..
3600.000 are deposited with the trustee to retire all the underlying mortgage
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. Interest on those bonds is payable at the National Bank of
Commerce, New York, First National Bank, Cincinnati, and German National Bank. Covington. The Union Light, Heat & Power Co. bonds can be
called after May 1 1906 at 110 and interest. Of these, $500,000 are available
for improvements, additions or purchase of other companies at par for
actual cost.
DIVIDENDS.
-On preferred 4''4 Is being paid. On common stock
first dividend of 4% was paid .July 15 1907 and 4% Oct. 15 1907. In
1908, Jan., .4
ROAD.
-Connects Cincinnati, Newport, Covington, Dayton, Bellevue.
Ludlow. Bromley and Fort Thomas. Total in operation. 60 miles; laid
with 80 lb. Johnston girder and 72-lb. "T" rails.
EARNINGS.
-For 12 mos. ending Oct. 31 1905, gross, $1,406,295; net
after taxes. $617,637; int.. $251,000: dividends, $187,200; surplus, $179,437.
OFFICERS.-Pres., James C. Ernst; V.
-P., James M. Hutton; Sec.,
0. M. Thurnauer; Treas.George M. Abbott: Supt., Jas. R. Ledyard.V. 83, p. 1228; V. 84, p.'449, 930, 1366, 1488.

CUMBERLAND, MD.
CUMBERLAND & WESTERNPORT ELECTRIC RY.-A trolley road.
It has
ciAnpany woula be

been rep Ailed that this
cons Aidaled wth the
Westernport & Lonaconing By.
ORGANIZATION.
-Organized in Maryland on April 11 1902,by special
Act of the Legislature, as successor to the Frostburg Eckhart & Cumberland
Ry. Has absorbed the Lonaconing Midland do Frostburg By.
Interest. Outstanding. Maturity.
STOCK AND BONDSDate.
Stock 31,000,000 ($50)
$398,100 Sept.'03,3%
....... - -Frost Eck & Cumb first mtgeI 1901 5 g J-D 15
230,000 June 1926
$250,000 g($500&$1,000)c* Int. at Real Estate Trust Co., Phila., Trust.
Lonac Mid & Frost first mtge 1901 5 g JD 15
200,000 June 1926
$200,000 gold ($1,000) c* Int. at Real Estate Trust Co., Phila., Trust.
Bonds.
-No sinking fund, but bonds can be called after June 15 1910 at
105.
Dividends.
-A dividend of 3% was paid in Sept. 1003.
EARNINGS.
-For 12 months to Dec. 311904. gross, 396.925. In 1903
Gross, $91,211; net, $43,532.
ROAD.
-Operates 20 miles of track between Cumberland and Lonaconing; 60, 75 and 92-lb. T and girder rail; standard gauge.
OFFICERS.-Pres., De Warren H. Reynolds, Cumberland; Sec. and
Treas., D. Percy Hartzell, Cumberland; Supt., J. E. Taylor, Frostburg.

Receivers/147).-On Sept. 5 1907 Robert M. Watson of Harrisburg, Pa.,
was appointed receiver for the company on application of the creditors.
V. 85, p. 599.
ORGANIZATION.
-Incorporated in Pennsylvania In 1901. Owns all
the stock and bonds and leases the Conneaut ea Erie Traction Co. of Ohio,
which owns 1.99 miles of track. Franchises are for 999 years.
Date,
STOCK AND BONDSInterest. Outstanding. Maturity.
Stock, $800,000 ($50)
$800,000
5 g M-N
Ref mtge, $1,250,000 (35001 1904
379.500 May 1 1924
c&rJ Int. at Fidelity Trust Co., Philadelphia,Trus.
and $1,000), gold
5 g M-S
1st mtge, $800,000. g ($500 1902
800,001) Sept 1 1922
c&r Int. at Fidelity Trust Co., Philadelphia,Trus.
and 31,000)
Bonds.
-Of the $1,250,000 refunding bonds, $800,000 are reserved to
remainder for Improvements and extensions. The
retire prior liens, and
new refunding bonds are subject to call at any time at 110 and interest. A
sinking fund of 1 % per annum for 5 years becomes operative on May 11909;
for following 5 years, beginning 1914, 2%;and for following 5 years, beginning 1919, 3% per annum of outstanding bonds. The 1st mortgage bonds
are subject to call at any time at 110 on three months' notice.
-Operates 35 miles of track from Conneaut, Ohio, to Erie. Pa.,
ROAD.
mostly on private right of way. Standard gauge, 60-1b. T rails. Enters
DALLAS, TEXAS.
Erie over tracks of the Erie Electric Motor Co.
-P., John S. Billing; Sec. and Treas.,
DALLAS ELECTRIC CORPORATION -Trolley.
OFFICERS.-Pres.. C. E. Flynn; V.
J. M. Smith; Supt.. R. W. Palmer. Central station and genetal offices,
-Incorporated in New Jersey in 1902. Does an
ORGANIZATION.
Elk Stan la. Ede County, Pa.
-V.79, p. 680; V. 85, p. 599, 921.
electric railway and electric lighting business in Dallas by
,,witership of securities of cet Cain local cumpanies. Franchisesvirtue of the
of subsidiary
companies expire 1922. See V. 84, p. 157.
CORNING, N. Y.
STOCK AND BONDSDate.
Interest. 43utsta nding, Maturity.
3.cooo.oo
o
CORNING & PAINTED POST STREET RY.-A trolley road.
Common $3,000,000 ($100)
ORGANIZATION.
-Incorporated Dec. 11 1894. Commenced Nov. 1 Pref 82.000.000 5% n-c ($100) ____
A-0
2.000,000 Apr '07.23%
First collet trust mtge 34,000,1 1902
1895. Control changed hands In 1904. V. 80, P. 162.
5 g A-0
3,836,000 April 1 1922
Interest. Outstanding. Maturity.
000, gold ($100, $1,000) _c*lInterest at City Trust Co.,
STOCK AND BONDSDate.
Boston, Trustee.
$100,000 1905-06.4%
Stock,$1 0,000(3100)
Bonds.
-A sinking fund of 1 % per annum of outstanding bonds,if earned.
.......
100,000 Jan 1 1916 Commencing Oct. 1 1904, is provided; after Oct. 1 1905 becomes a fixed
1st mortgage, $100,000
5 J-J
{ 1896
charge. Jan. 1 1908 $132,000 were held In sinking fund. Bonds can be
Interest at Beacon Trust Co., Boston.
EARNINGS.
-For year ending June 30 1907, gross, $53,247; net, $21,- called as a whole on any interest date beginning Oct. 1 1904 at 105 and
interest. $25,000 of the bonds are in denomination of $100, balance being
655; Int. and taxes. $7,781; surplus, $13,874.
-Owns 5.9 miles of track,from Corning to Painted Post, 14 cars. $1,000 each.
ROAD.
OFFICERS.-Pres.,J. A. Powers, Troy; V.
-P., G. N. Orcutt, New York;
EARNINGS.
-For 12 months ending Dec. 31 1907, gross, $1,125,673:
Sec., J. E. Packer, New York:* Treas., B. A. Van Tassell Jr., New York; net, $307,571: interest, $223,108; surplus,
$84,463; sinking fund, $40,433:
-V. 80, p. 162.
Aud.. F. C. Ramsen. New York.
dividends, 350,000; balance, deficit, $5,970.




FEB., 1908.J

STREET RAILWAYS.

33

tstanding. Maturity.
t
STOCK AND BON------- ---------------$688,000
Stock $700,000 ($100)
700,000 Jan 1 '10-'25
5 g J-J
Refunding mortgage $700,0001 1900
c*lInt. at N. W. Harris & Co., N. Y. and Chic.
gold ($1,000)
-The bonds are due $6,000 annually Jan. 1 1910 to 1924 inclusive,
Bonds.
and remainder on Jan. 1 1925; $9,000 of old prior lien 6% bonds are still
out. Sinking fund of $6.000 per year begins Jan. 1 1910, bonds being
drawn (at par and accrued interest) in numerical order, beginning with
-A trolley road.
number one; mortgage trustee is the Illinois Trust & Savings Bank,Chicago.
TRACTION CO.
TEXAS
an inter- N W.Harris & Co. offered the bonds for sale in Jan. 1900. See V.70, p. 125.
.W
-Incorporated in Texas in 1906 to build
ORGANIZATION.
-The company owns the following; 1. Gas
between Dallas and Sherman, Texas, a distance of 63 miles.
COMPANY'S PROPERTY.
urban railway
built on works operated under special charter and a perpetual franchise. 2. An
Franchises run for 50 years on streets and highways, rest of road
By. electric-light-plant is operated under a 99-year franchise, with capacity of
private right of way. Will enter Dallas over Dallas Electric Street
25,000 incandescent and 600 arc lights, with dynamos for furnishing power
tracks.
the city, 133
Date.
Interest. Outstanding. Maturity. to street railway. 3. The entire street railway system ofto three parks.
STOCK AND BONDSmiles of track, nearly all laid in brick pavement, running
$2,000,000
Common $2,000,000 ($100)and railway depots and National Soldiers' Home.
1,000,000
the fair grounds, cemetery
Pref $1,000,000 6%cum ($100)
2,000,000 Jan. 1 1937 Equipped with 50 and 60-1b. Johnson T rails, with 25 motor cars (General
5 g J J-J
First mtge sinking fund $3,-1 1907
000,000 ($1,000) g_ _ _c*6orl Int. at Old Colony Trust Co., Boston, Trust. Electric) and 3 trailers. those for Danville Urbana & Champaign Railway
OFFICERS.-Same as
-Of the $3,000,000 new mortgage $1,000,000 is reserved for future
Bonds.
-V. 76, p. 1142, 1300.
improvements and extensions. Bonds can be called at 110 and accrued Co.
of 5%
interest on any interest date upon 30 days' notice. A sinking fund bonds.
(3) Urbana & Champaign Railway. Gas & Electric Co.
gross earnings, beginning July 11912,to be used in the purchase of
of
-A consolidation in 1897 of Urbana & Champaign
ORGANIZATION.
-Is now under construction. Expected to be completed during Electric Street., Champaign Electric Light & Power, Champaign & Urbana
ROAD.
and West End Paris companies. Owns perpetual gas
1908.
Gas Light & Coke
railroad charter is also perpetual.
OFFICERS.-Pres., J. F. Strickland; Sec., James P. Griffin; Treas., and steam charter. The underlying
-V: Franchise in 1901 extended for 20 years.
0. Goodwin; Gen. Mgr., Theodore Stebbins. Office, Dallas, Texas.
Interest. Outstanding. Maturity.
Date.
STOCK AND BONDS84, p. 627.
$500,000
Stock $500,000
186,000 June 1 1917
5 g J-D
U & C Ry, G & E M $250,000} 1897
DANBURY, CONN.
gold sink fund $8,000 yrly Int. at Illinois Tr. & Say. Bank, Chic., Trus„
DANBURY & BETHEL STREET RY.
or at Chase National Bank, New York City.
1900& aft($1,000)c*
June 1
306.000 July 1 1929
5 g J-J
-Incorporated May 7 1886 under the laws of Con- Consolidated mortgage $500,4 1899
ORGANIZATION.
company
el Int. Portland Tr. Co., Portland, Me., Trust.
000 ($1,000) gold
necticut. Has a perpetual spbcial charter, the only street car extend to
Its lines also
sufficient are reserved to retire first
-Of the new issue of $500,000,
Bonds.
serving the city of Danbury and town of Bethel.
In mortgage bonds. The bonds are subject to call on any interest date at 105.
the Danbury Fair Grounds and the pleasure resort of Lake Kenosia.
May 1903 the State Legislature authorized an increase of $300,000 of capital
-Operates9 mlles of track in and between Champaign andUrbana•
ROAD.
stock to provide for extensions.
(4) Decatur Railway & Light Co.
Interest. Outstanding. Last div.,&c.
Date.
STOCK AND BONDS-Incorporated in Illinois in Dec. 1903 to take over
ORGANIZATION.
$320,000 Jan '08,2%
Semi-ann.
Stock $623,000 (par $25)_____
200,000 May 1 1914 the property of the Decatur Traction & Electric Co., the Decatur Gas &
5 g M-N
1894
mtge $200,000 gold
First
100,000 May 1 1936 Electric Co. and the Decatur Steam Heating Co., owning all the street rail5 g M-N
Consol mtge $300,000 gold' 1906
plant in Decatur
..1Int. at American Trust Co., Boston, Trustee. way, gas and electric lighting business and steam-heating
($500 and $1,000)
fi
- new mortgage, $200,000 is reserved to retire and suburbs.
--Of the $300,00
Bonds.
Date.
Interest. Outstanding. Maturity.
STOCK AND BONDSthe 5s due 1914.
1899- Stock $1,300,000 ($100)______ ___
$1,300,000
Dividends.
-In 1896-97, 4%; in 1897-98, 4%; in 1898-99, 2 %; in
in Decatur Gas & Electric Coi 1899
300,000 May 15 1929
5 M-N
1000, 1% %; in 1900-01, 15i %; in 1901-02, 3%; in 1902-03, 3%;
Jan., 2%.
Int. at Merch. L. & Tr. Co., Chic., Trustee.
1903-04, 1 %%; Ir. 1907, Jan., 2%; July, 2%; in 1008,
first mortgage
90,000 May 1 1930
5 M-N
from Danbury to Bethel, and to Decatur Gas & Elec Co 2d M 1899
-Trolley road in Danbury, and
ROAD.
$400,000($300,000 reserved )Interest at Merchants' Loan & Trust Co.,
Lake Keno:6a, 13.91 miles in all; sidings, &c., .969 miles; total, 14.879
1 Chicago, Trustee.
for above)
miles. 44 cars.
5 J-J
212,000 Jan. 1 1920
Dec Tree & Elec 1st M$250,- 1900
-For year ending June 30:
REPORT.
000 ($500& 81,000 each).c* Int. at Illinois Tr. & Say. Bk., Chic., Trustee.
• Int. & Taxes. Divs. Bal., Sur. Dec Ry 6. Lt Co 1st & cons M 1903
Gross.
Net.
650,000 Dec. 1 1933
5 g J-D
•
$3,924
$12,800
$16,146
$32,870
$113,201
1906-07
$1,300,000 gold ($1,000).c* Int. City Tr. Co., Bost., Tr., & agency inN.Y
17,244
None.
16,074
33,318
101,563
1905-06
-$802,000 Decatur Ry. & Lt. Co. bonds are reserved to retire
Bonds.
None. Sur.10,541
14,409
extensions.
24,950
92,747
1904-05
equal amount of prior liens as above and $48,000 for future outstanding
Def. 376
$4,800
14,544
1 % of
18,968
86,566
1903-04
A sinking fund of 10% of net earnings, or not less than
-P., S. Harrison bonds, is to be invested in the bonds These bonds are subject to call at
OFFICERS.-Pres., Samuel C. Holley, Danbury; V.
-V.83, 105 and int. on any interest date upon 6 mos. notice. Of the Decatur
Wagner, New Haven; Sec. and Treas., M. H. Gritting, Danbury.
on May 15
Gas Electric Co. first mtge. bonds, $15,000 must be redeemed
p. 36.
order.
1910 at 105 and a like amount each year thereafter in numerical second
-A trolley road.
subject to call in 1909 at 105 and interest. The
These bonds are
DANBURY & HARLEM TRACTION CO
mtge. bonds of the Decatur Gas & Electric Co. are redeemable at any time
orated in New York on Sept. 14 1901.
ORGANIZATION.-Incorn
1909 at 105 and interest, but there is no sin king fund on
Interest. Outstanding. Maturity. fter May 15
Date.
STOCK AND BONDSthese bonds.
$300,000
Stock $500,000 ($100)_
-Operates 17 miles standard-gauge road in Decatur and suburbs:
June 1 1933
ROAD.
5 g J-D
(?)
First mortgage $500,000 gold' 1903
-V.78. p. 1961.
cl Knickerbocker Trust Co., New York, Trust. 60 and 72-lb. T rails.
($1,000)
(5) Peoria Bloomington & Champaign Traction Co
-Are not subject to call.
BONDS.
ION.
Conn.
-Incorporated in Illinois in April 1905. Has 50ORGANIZAT
-Has under construction 19 miles of track from Danbury,
ROAD.
completed year franchises in Bloomington and Peoria.
to Golden's Bridge, N. Y. About 5 miles of track has been
Interest. Outstanding. Maturity.
AND BONDS- Date.
STOCK
70-1b. rails.
J. A. Stock, $5,000
All owned by Illinois Traction Co.
OFFICERS.-Pres., D. E. Loewe; Sec., W. H. Cable; Treas.,
$2,000,000 Nov 1 1936
5 g M-N
1st mtge $3,000,000, gold{ 1906
818.
Serre. V. 83, p. 38,
co Int. at agency Merch. Bk. of Canada, N. Y.
($1,000$
Central Trust Co., Chicago, Trustee.
ILL.
DANVILLE,
-Are guaranteed, principal and interest, by Ill. Trac. Co. They
Bonds.
are subject to call on any interest date at 105 on 30 days' notice.
ILLINOIS TRACTION CO.
on May 13 1904 and owns
-Is to operate 90 miles of track from Peoria to Champaign.
ROAD.
-Incorporated in Maine
ORGANIZATION.
By., the Urbana
Is completed between Bloomington and
all the capital stock of the Danville Urbana & ChampaignDecatur & Cham- Standard gauge, 70-1b. T rail. over the Illinois River was completed in
Peoria, 40 miles. The bridge
Electric Co., the St. Louis
& Champaign Railway, Gas &
Decatur Railway April 1907. Owns power house in Peoria of 4,000 k.w. capacity.
paign Ry., the Danville Street Railway & Light Co., the Louts & North& Light Co., the Jacksonville Railway & Light Co., the St.
(6) Jacksonville Ry. & Light Co.
Ry., the Chicago
eastern Ry., the Springfield & Northeastern Interurban Railway & Light
-Incorporated in Maine in Dec. 1905 and is a conORGANIZATION.
Bloomington & Decatur Ry., the Bloomington & Normal
Traction
of the Jacksonville By. Co. and the Jacksonville Gas Light &
Co., the Peoria Railway Co.,the Peoria Bloomington & Champaign Traction solidation Franchise perpetual.
Coke Co.
the Illinois Central
Co., the St. Louis & Springfield Railway, St.
Interest. Outstanding. Maturity.
Louis & Staunton By. Co.,
STOCK AND BONDS- Date.
Co.,Madison County Light & Power Co., the
,
$100,000
St. Louis Electri!
the Citizens' By. Co. of Venice, the Tr -City Traction,& Eastern Illinois Stock, $500,000 ($100)_
420,000 Jan 1 1931
5 g J-J
Bridge Co., the Springfield Belt Ry. Co., the Danville also owns control of Jack By & Lt 1st con mtge, 1906
Co.;
$1,000,000,gu, g ($1,000)ce Central Trust Co., Chicago, Trustee. 1931
Co. and the Urbana Light, Heat & Power Illinois Western Ry. Co.,
By.
175,000 Jan 1
5 J-J
Traction Co., the
Light & Coke ____
Gas
the Springfield & Northeastern
By. Jacksonv mtge
Int. at Merchants' Loan & Tr. Co., Chicago.
Co 1st
the St.Louis Electric Terminal Co.and the Peoria Lincoln &Springfield St.
34,000 Jan 1 1912
6 J-J
1907 obtained a 50-year franchise on certain streets of to jacksony By 1st mtge, $75,- 1892
Co. In April
St. Louis-Union Trust Co., Trustee.
,
000
Louis and was also given authority by the United States Government
-Of the $1,000,000 1st consols, $209,000 are reserved for prior
Bands.
build a bridge across the Mississippi River to Venice, Ill.
per cent of bonds out is
Interest. Outstanding. Last Div. liens. Are guar., p. and 1., by Ill. Trac. Co. Twoto call on any int. date
Date.
STOCK AND BONDSpayable annually to a sinking fund. Are subject
$6,594,500
Common $7,000,000 ($100)York.
at 105. Int. payable at Merchants' Bank of Canada, Newelectric lighting
3,618,600 See text.
Q-J
Pref 6% cum $4,000,000 ($100) -Operates about 7 miles of track and also does
ROAD.
Stock.-Additional preferred stock can only be issued when net earnings
% on preferred stock out and the amount proposed to be and gas business in Jacksonville.
are equal to 9
(7) Chicago Bloomington & Decatur Ry.
Issued. Preferred stock is listed on Montreal Stock Exchange.
-6% per annum is being paid on the preferred stock.
Dividends.
-Incorporated in Illinois in April 1905 and operates
ORGANIZATION.
-For the 12 months ending Dec. 31 1907 (including all the a road from Bloomington through Clinton to Decatur, 44 miles. Stock a
REPORT.
below): Gross, $3,779,187; net, after taxes, $1,650,699; fixed all owned by the Illinois Traction Co.
properties
$468,244.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
charges and dividends on preferred stock, $1,182,455; surplus, charges,
fixed
All owned by Illinois Traction Co.
Stock
In 1006, gross, $3,013,108; net, after taxes, $1,361,952; $509,134.
$1,082,000 Oct 1 1936
5 g A-0
1st Div mtge, $2,000,000.1 1906
dividends on preferred stock, $196,458; surplus,
$656,360;
c* Central Trust Co., Chicago, Trustee.
guar; gold ($1,000)
-The properties controlled operate a total of 530 miles of track.
ROAD.
-Are guar., p. and . by Ill. Trac. Co. They are subject to call
Bonds.
,W. B. McKinley,Champaign; Sec., T. B. Macauiey
OFFICERS.-Pres.
30 days" notice at 105.
-V.82, p. 280, on any interest date onas those for Illinois Traction Co.
-V. 81, p. 558.
Treas. Geo. M Mattis; V.-P.and Gen. Mgr., L. E. Fischer.
-Same
OFFICERS.
804,1437; V. 83, p. 95,435; V. 85, p. 99, 722.
(8) St. Louis & Northeastern Ry.
(1) Danville Urbana & Champaign RY.-Incorporated in Illinois in 1904. Stock all owned
ION.
ORGANIZATION.-Incorporated in Illinois, under the railroad laws, on byORGANIZAT
mortgage
Illinois Traction Co. In May 1906 made a temporary trustees. for
All
July 28 1002. Owns the Danville Paxton & Northern By.
H. Ewing and S. H. Dangall of Montreal as
Interest. Outstanding. Maturity. $800,000 to S.
Date.
STOCK AND BONDSthe property of the Danville & Edwardsville Terminal Railroad Co. has been
$2,000,000
Stock $2,000,000
transferred to this company.
1,787,000 Mch. 1 1923
5 g M-S
Maturity.
First mortgage $2,000,000} 1903
Interest. Outstanding.
STOCK AND BONDS- Date.
gold ($4,000) guaranteed Interest at Agency of Bank of Montreal, N.Y. Stock, $1,000,000 ($100)_
$1,000,000
Northern Trust Co., Chicago, Trustee.
c*
-Operates 27 miles of road from Hillsboro to Staunton.
ROAD.
414,000 See text.
6 g J-J
Second mortgage $500,0001 1905
-V.81,p. 156, 976.
-Same as those for Ill. Traction,Co.
OFFICERS.
c*lInt. at Agency Merchants' Bk.of Can., N.Y.
gold ($1,000)
-A trolley road.
-The first 5s have no sinking fund, but are subject to call on any
(9) Peoria Railway Co.
Bonds.
-Incorporated under general railroad laws of Illinois
ORGANIZATION.
Interest date upon 8 weeks' notice at 105 and interest. The bonds are
Franchise in Peoria expires
guaranteed. principal and interest, by endorsement by the Danville Street In 1906, and is successor to the Central Ry. Co. Traction Co.
Illinois
Railway & Light Co. and the Urbana & Champaign Railway, Gas & Electric In 1926. Entire stock is owned by the Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
V. 81, p. 264. The second Os mature $50,000 on Jan. 1 1908 and
Co.
$1,000,000
days'
$50.000 each Jan. 1 thereafter. They are subject to call at par on 30 Co. Stock, $1,000,000 _
See text.
2,770,000
5 g F-A
1st and ref mtge, $3,600,000,1 1906
notice. Are guaranteed as to principal and interest by Illinois Traction
c• Interest at Agency of Merchants' Bank of
gold ($1,000)
Montreal Trust & Deposit Co. and Thos. Fyslie.
Trustees are
Canada: and New York.
from Champaign to Danville.
-Operates 67 miles of track
ROAD.
570,000 April 1 1915
5 g A-0
1895
Georgetown and Catlin. 70-1b. rails. In addition, 133,5 miles is operated Cen By 1st mtge, $750,000.1
c*'Interest at N. Y. Trust Co.. N. Y., Trustee.
gold ($1,000)
by the Danville Street Railway & Light Co. and 9 miles by the Urbana &
$3,600,000 new bonds, $570,000 are reserved for prior
-Of the
Bonds.
Champaign Railway, Gas & Electric Co.
are guar., p. and t., by
OFFICERS.-Pres., W. B. McKinley; Sec., E. A. MacNutt; Treas liens and $235,000 for future betterments. Then & Trust Co. The bonds
the Ill. Trac. Co. The trustee is the Chicago Title
-V. 81, p. 264; V. 83, p. 435; V. 84, p. 338.
Geo. M. Mattis.
In 1908; $30,000 in 1909; $35.000 in
expire on Feb. 1 as follows: $25,000
(2) Danville Street Railway & Light
1910; $55,000 in 1911; $60,000 in 1912; $65,000 in 1913; $70,000 in 1914:
-Incorporated in Dec. 1899 as a consolidation of all $75,000 in 1915; $80,000 in 1916; $85,000 in 1917; $95,000 in 1918: $100,000
ORGANIZATION.
the street railway, electric light, gas and steam-heating interests. Entire in 1919; $105,000 in 1920; $110,000 in 1921; $115,000 in 1922; $120,000 in
stock is owned by Illinois Traction Co.
-Owns and operates 59 mlles of track in the city of Dallas and
ROAD.
suburbs. Rails, 45 to 91 lbs. 169 cars. Standard gauge.
Treas.,
OFFICERS.-Pres., Guy E. Tripp; V.-Pres., Robert T. Paine; AudiBoston,
Henry B. Sawyer; Sec., Alvah K. Todd. Stone & Webster,
-V. 81, p. 558, 1723; V. 82, p. 691, 801, 868;
tors and Transfer Agents.
V. 83, p. 323; V. 84, p. 157.




34

STREET RAILWAYS.

1923; $125,000 in 1924; $130,000 in 1925; and the remaining
1926. They are subject to call on any interest date at 105 $1,250,000 in
and Interest.
See V. 83, p. 38, 436.
ROAD.
-Operates about 50 miles of track, of which 15 miles are double
track. Has 134 motor cars and 60 trailers.
(10)1Bloomington!SfiNormal Railway & Light Co.
ORGANIZATION.
-Incorporated in Illinois on Feb. 23 1906 as
solidation of the Bloomington & Normal Ry., Electric & Heating a conCo. and
the Consumers' Light & Heating Co. of Bloomington.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
Stock, $1,000,000 ($100)- - $1.000,000
1st and ref mtge, $2,000,000, 1906
5 g A-0
679,000 May 1
gold ($1,000)
c Central Trust Co., Chicago, Trustee. 1036
B&NRE&H 1st mtge, 1002
5 g J-D
600,000 June
$800,000 ($1,000) g, a Lc* Int. at III. Tr. & Say. Bk., Chicago, 1 1927
Bonds.
-Of the $2,000,000 new bonds, $600,000 are reserved Trustee.
liens and $721,000 for extensions. Are guar., p. and I., by III. for prior
Int. at Agency of Merchants' Bank of Canada. New York. Trac. Co.
fund. but bonds can be called at 105 on any int. date. The By., No sink.
Elec. &
Heating Co. bonds are subject to call at 110 and int. Sink. fd.,
$10,000 annually, beginning June 1908.
ROAD.
-Operates 18 miles of track in, around and between Bloomington
and Normal. Rails 45, 60 and 70 lbs.
(11) St. Louis'& Springfield Ry.-A trolley road. Private right of
way
ORGANIZATION -Incorporated in Illinois in 1903.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
Stock
$500,000
lat mtge, $2,250.000($1,000),1 1903
5 g J-D
1,520,000 Dec 1 1933
I, gold, guar
c*f Int. at City Trust Co., Boston, Trustee.
Bonds.
-Are subject to call on any interest date on 60 days'
notice at
107% and int. Are guaranteed, p. and I., by the Illinois
Traction Co.
Sinking fund of 10% of net earnings starts Dec. 1 1008.
EARNINGS.
-For year ending Dec. 31 1907, gross, $308,598; net (after
taxes), $115,418; interest, $76,000; surplus, $39,417.
ROAD.
-Operates 61 miles of track from Springfield to Carlinville and
forms part of a through line from Springfield, Ill., to St. Louis,
Mo.-V.85,
p. 100; V.1,86,11).1422.
(12) Springfield & Northeastern Traction Co. •
ORGANIZATION.
-Control of stock is held by Illinois Traction Co.
STOCK AND BONDS.Date.
Interest. Outstanding. Maturity.
Stock $1,500,000
See text
1st mtge $1,500,000 ($1,000){ 1906
5 g J-D
$800,000 Dec 1 1936
gold
c* Int. at Merchants' Bank of Canada, N. Y.
Central Trust Co. of Illinois, trustee.
Bonds.
-Bonds are guar.,p, and I.,by endorsement by Illinois Traction
Co. Can be called on any int. date on 4 week's notice at 105. No
sinking
fund.
ROAD.
-Operates 31 miles of track,from Springfield to Lincoln. V.85,
p. 655.
(13) St. Louis Decatur & Champaign Ry.
ORGANIZATION.
-The entire $100,000 stock is owned by the Illinois
Traction Co. Operates 50 miles of track from Champaign to
Decatur.
Officers same as for Illinois Traction Co.
BONDSDate.
Interest. Outstanding. Maturity•
First mortgage St Louis D &1 1906
5 g M-N
$1,328,000 Nov.
C By Co, $3,000,000, gold Central Tr. Co. of Illinois, Chicago, 1 1936
Trustee.
($1,000)
c*)Int. at Agcy. of Merch. Bk. of Canada, N. Y.
Bonds.
-Are guaranteed, principal and interest, by endorsement
Illinois Traction Co. Can be called on any interest day at 105. , by the
Covers
50 miles of track.
(14) Illinois Central Traction Co.
-A trolley road.
ORGANIZATION.
-Incorporated in Illinois in 1903 under general
railroad laws.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
Stock
$1,100,000
1st mtge, $2,000,000 ($1,-1 1903
1,455,000 Dec 1 1933
5 g J-D
000) gold, guar
c*f Interest at City Trust Co., Boston, Trustee.
Bonds.
-Are subject to call on any interest date on 60 days' notice at
107% and int. Are guaranteed, p. and 1., by Illinois Traction Co. V. 82,
p. 804. A sinking fund of 10 7. of net earnings becomes operative Dec.
1
1908, but not to be less than 1 % of bonds outstanding.
ROAD.
-Operates 43% miles of track from Decatur to Springfield, with
an extension from Buffalo to Mechanicsburg; 70-lb. rails.
OFFICERS.-Pres., W. B. McKinley; Sec., E. A. McNutt; Treas.,
M. Mattis; Gen. Mgr., L E. Fischer. V. 82, p. 804; V. 84, p. 339. Geo.
(15) Urbana Light. Heat & Power Co.
Controls the electric lighting and steam heating business of Urbana.
Stock, $100,000. Bonds, $47,000. Pres., W. B. McKinley; Seo., E. A.
McNutt; Treas., Geo. M. Mattis; Gen. Mgr.. F. E. Fischer.
(16) Madison County Light & Power Co.
Is a consolidation in 1906 of the Edwardsville Light & Power Co. and the
Granite City-Venice Electric Co. Supplies light and power to Edwardsville,
Granite City. Venice and Brooklyn. Stock all owned by III. Traction.
STOCK AND BONDS.Date.
Interest. Outstanding. Maturity.
Stock $100,000
$100,000
1st mtge $1,000,000 (31,000)1 1906
5 g J-D
377,000 Dec 1 1936
gold
c*1 Int. at M'erchants' Bank of Canada, N. Y.
1Central Trust Co. of Illinois, trustee,
Bonds.
-Guar. p. and i. by Illinois Traction Co. Can be called on
four weeks' notice on any int. day at 105. No sinking fund.
(17) Illinois Western Railway Co.
Capital stock, $500.000. Is building 35 miles of road from
to Jacksonville, Ill. Expected to be completed Jan. 11909. NoSpringfield
mtge. out.
(18) St. Louis Electric Terminal Co.
Organized to build extensive terminal freight and passenger stations to
cost about $5,000,000. Owns valuable real estate and a 50-year franchise
giving the Illinois Traction an outlet in St .Louis. Construction work will
be begun during the spring of 1908. Capital stock, $1,000,000. N'o
mortgage yet given. V. 85, p. 100.
(19) Peoria Lincoln & Springfield Railway Co.
Completed during 1907 a road from Lincoln, III., to Mackinaw,
miles, connecting the Springfield & Northeastern Traction Co. Ill., 30
with
Peoria Bloomington & Champaign Traction Co., and making a through the
line
from Bloomington and Peoria:to:Springfield and St. Louis. Capital
$500,000. Temporary bonds to the amount of $900,000 have been stock,
issued.
(20) St. Louis Electric Bridge Co.
ORGANIZATION.
-Incorporated In Jan. 1007 with nominal ($2,500)
capital stock to build a bridge from Salisbury Street, St. Louis. to Venice,
Ill., at an estimated cost of $2,500,000. For franchise provisions, see
V. 85, p. 100. Construction was started in Oct. 1907. Ralph Modjeski
Is chief engineer. V. 85, p. 100. No securities have as yet been issued.
(21) Springfield Belt Ry. Co.
Is constructing a belt line from the Illinois Traction road east of Springfield to connect with the line south of city limits in order that it will not be
necessary to run express cars through Springfield. In Sept. 1907 stock was
increased from $5,000 to $500,000. V. 85, p. 723. Temporary bonds
only
have been issued.
(22) Danville & Eastern Illinois RY Is building from Danville to Terre Haute, Ind. In Sept. 1907 increased
stock from $5,000 to $500,000. V. 85, p. 722. Temporary bonds only
have been issued.
(23) St. Louis & Staunton Ry.
Incorporated Nov. 1907. Owns and operates 20 miles of road between
Staunton and Edwardsville, Ill. (which was formerly owned and operated
by the St. Louis & Northeastern Ry.) Capital stock all owned by
Illinois
Traction Co. $900,000 temporary bonds have been issued.
(24) Tr -City Traction Co.
Owns and operates that portion of road lying between Edwardsville
and
East St. Louis which was formerly owned and operated by St.
Northeastern By. Co. Stock all owned by Illinois Traction. Louis &
$900,000
temporary bonds have been issued.
(25) Citizens' Ry. Co. of Venice
Owns street railway business in Madison, Granite City and Venice.
stock owned by Illinois Traction. $400,000 temporary bonds Issued. All

DAVENPORT, IOWA.
IOWA & ILLINOIS RY.-A trolley road.
ORGANIZATION.
-Incorporated in Iowa in September 1901.
electric road, with a steam charter. Franchises expire in 1951.




Is an

{VOL. LXXXVI.

STOCK AND BONDSDate,
Interest. Outstanding. Maturity.
Common, $1,500,000 ($100)_
$1,500,000
Pref, $500.000,6% n-c ($100) _
500,000
1st mtge, $2 000,000, gold) 1904
5 g J-J
1,050 000 Jan 1 1924
($1,000)
c*f Interest at Girard Trust Co. Phila., Trustee.
Bonds.
-Of the $2,000,000 authorized, $500,000 are reserved for acquiring other railways and $450,000 to provide for steam railway terminals and
equipment at 80% of cost. No sinking fund, but subject to call on any
interest date at 105 and interest. Sec V. 82, p. 100, 160.
EARNINGS.
-For calendar year 1907. gross, $132,849; In 1906, gross,
$109,183.
-Operates 38.4 miles of track between Davenport
ROAD.
Clinton
on private right of. way. 70-1b. T-rall. Standard gauge. and
Has
agreement for transferring passengers to Rock Island and Moline, traffic
Ill.
OFFICERS.-Pres., Garrett E. Lamb; V.
-P. and Asst. Treas., Frank W.
-P., Henry Thuenen Jr.; Sec., R. B. McCoy; Treas., C. B. Mills;
Ellis; 2d V.
Asst. Sec., L. Lamb; Gen. Mgr., P. P. Crafts, Clinton, Iowa; Supt., F. A.
Perkins.
-V. 80, p. 1058; V. 82, p. 100, 160.
THE TRI-CITY RAILWAY & LIGHT CO.
-(See Map page 35.)
ORGANIZATION.
-Incorporated in Connecticut in April 1906 and
the entire capital stock (except directors' shares) of the People's Powerowns
the People's Light Co., the Davenport Gas & Electric Co.. the TA-City Co.,
By.
Co., the Davenport & Suburban Ry. Co.and the Moline E.
town By. Co. All stock and bonds (with the exception ofMoline &Water$429,000
given below) have been deposited as additional security for the new bonds
mortgage. Controls all gas plants, electric lighting companies and street
railwayllnes in the contiguous cities of Davenport, Iowa, Rock eland,
and East Moline, Ill. Population served, approximately 100,000. Moline
Franchises, with one comparatively unimportant exception, are said
to extend
to maturity of mortgage in 1923 and beyond.
MERGER OF SUBSIDIARIES.
-In 1907 the Tri-City By. Co. and the
Davenport & Suburban By. Co. were consolidated, the TA-City
Railway
increasing Its stock from $1,500,000 to $2,500,000, in order to take over
the Davenport & Suburban line. V. 85. p. 161.
STOCK AND BONDS- Date.
Interest. Ou standing. Maturity.
Common, $9,000,000 ($100)_
$9,000,000
Pref.$3,000,000.6 %cum($100) ____
6 Q-J
2,600,000 Jan '08, 1%
Coll trust 1st lien, mtge, $9,-1 1906
5 g A-0
7,872,000 April 1 1923
000,000 s f gold
c&rfInt. at N. Y. Trust Co., N. Y. Trustee.
1891
6 g J-J
375,000 July 1 1908
Day & R I, 1st mtge. g, $1,(part due yearly) to July
000,000 ($500 & $1,000)_c* Int. payable in N. Y. at Chase Nat. 1 1911
Bk. and
in Chicago at Ill. Tr. & Say, Bk., Trustee.
Trl-City BY
5
54,000 Sept 1 1922
Stock -Preferred stock Is redeemable at 120. See V.82, p. 1218.
Listed
on Montreal and Toronto Stock Exchanges.
Bonds.
-Of the $9,000,00 0 new bonds, $429,000 are reserved for
prior
liens and $699,000 for 85% of cost of future additions and improvement
s.
Are subject to call on any interest date at 105 and interest. A sinking fund
provides for the redemption of $2,250,000 bonds by maturity. Coupon
bonds are In denomination of $1,000 and registered bonds in $1,000, $5,000
or $10,000. Of the Davenport & Rock Island bonds, 5% Is due annually
to 1910 and the balance on July 1 1911.
Dividends.-FIrst dividend on pref., 1% %, paid July 1906, and 1% %
was again paid Oct. 1 1906. In 1907 6%. In 1908, Jan., 1% %.
EARNINGS.
-For 12 months ending Dec. 31:
'
YearGross.
Net. Fixed Chgs. Sink.Fd. Surplui.
1907
$1,774,954 $858,686 $400,547 $37,500 $220,639
1006
1,632,306
631,099
ROAD.
-Operates about 87 miles of standard-gauge track, ebnnecting
the cities of Davenport, Iowa, and Rock Island, Moline and East Moline,
III.; 80-1b. girder and 60 to 75-1b. T-rail.
OFFICERS.-Pres., J. F. Porter, Davemport• Vice-Pres., P. G. Gossier,
New York; Vice-Pres., Geo. D. Mackay, New York; Sec., H. R. Tobey;
Treas., T. F. Wickham; Asst. Sec., M. K. Parker; Asst.Treas., P. W. Kendricks.-V. 82, p. 696, 753, 988, 1213, 1497; V. 85, p. 161, 1006.

DAYTON, OHIO.
CITY RAILWAY CO.
-A trolley road.
ORGANIZATION.
-Chartered May 12 1893. Is a consolidation of the
Dayton Street RR., the Dayton & Soldiers' Home RR., the Fifth Street
RR. and the Green line. Franchises run for 30 years from Feb. 8 1802
and April 19 1893.
In Dec. 1906 $100.000 new common stock was offered to shareholders at
par; at the same time a special dividend of 5% on this stock was declared.
See V. 83 p. 1590.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
Common, $2,400,000 ($100) _ $2,105,900 Jan '08, 1% %
Q-J
Preferred, $600,000 ($100) 800,000 Jan 08, 13 %
6 Q-J
Dayton & Soldiers' Home RR1 1801
65,000 Jan 1 1911
6 J-J
1st mortgage
f Interest at Chemical Nat. Bank, N. Y. City
DIVIDENDS.
-6% per annum is being paid on preferred. On common,
in 1900,6%;in 1901,6%;in 1902,6%;in 1903,6%;also 182-3% ($250,000
in new stock at par or in cash) declared Nov. 1903), paid Jan. 1 1904; in
1904, 6%;in 1905, 634%; in 1006, 7%;in 1007, 12%; in 1908, Jan., 1 %%.
EARNINGS.
-For calendar year 1906, gross. $567,273. In 1905,
gross, $497,481.
ROAD.
-Controls and operates in all 30 miles of track, namely, Third
Street Line, Fifth Street Line, Green Line, Dayton & Soldiers Home
By. and Kammer Ave. Line; gauge 4 ft. 8% in; rails, 70 and 80-lb. T and
70 and 90-1b. girder; operating 42 G. B. 87 and 50 G. B. 800 motor equipments; 100 motor cars, 10 trailer cars and 2 sprinklers.
OFFICERS -Pres., D. B. Corwin; 1st V.
-P., C. B. Clegg; 2d V.
-P.,
E. J. Barney; Sec., E. D. Grimes; Supt. and Porch. Agent, T. E. Howell.
Office. Western and Auburn Avenues, Dayton.
-V. 77, p. 2158, 2280;
V. 81, p. 31; V. 83, p. 1590.
DAYTON COVINGTON & PIQUA TRACTION. A trolley road.
ORGANIZATION.
-This was formerly known as the Dayton & Troy
Traction, but name changed to the above in Aug. 1901. The D. & T,
Traction was incorporated in Ohio in Jan. 1900 to build a street railway
from Dayton to Troy, but route was changed, and road constructed from
Dayton to Covington and Piqua, about 38 miles; 70-1b. T rails. Company
acquired the right to use the tracks of the People's By. In entering city
of Dayton.
STOCK AND BONDSInterest. Outstanding. Maturity.
Date.
Stock auth, $600,000 ($100)__
$600,000
Pref 5% n-c, $550,000 ($100)_
550,000
1st mortgage, $550,000,goldl 1902
450,000 April 1 1922
5 g A-0
($1,000)
c*JInt. at Old Colony Tr. Co., Boston, Trustee.
2d mortgage, $60,000
60,000
6 g M-S
See text
Bonds.
-$100,000 1st mtge. bonds are reserved for extensions and improvements; 2d mtge. bonds are subject to call on any Interest date at 105.
OFFICERS.-Pres., D. Dwyer; V.
-P. and Gen. Mgr., Thos. T. Robinson:
Gen. Supt.. B. C. Spring.
-V. 77, p. 146.
DAYTON & TROY ELECTRIC RY.-A trolley road.
ORGANIZATION.
-Incorporated In 1000. Is built entirely on private
right of way. Completed In Dec. 1901. Rails 70-1b. T. Power
house
located at Tippecanoe City, Ohio. Stock, $500,000 (5100)
common,
$500,000 ($100) preferred; cumulative 5 %. No bonds contemplated. and
In
May 1902 took over the Miami Valley Ry. under a 99-year lease at a rental
of $9,600 per annum, which is applicable to the stock of 3300,000, mortgage
having been canceled.
Dividends.
-On the preferred stock 5% per annum is being paid. On
common, Jan. 1 1004, 2%; in 1905, Jan., 3%; July 11905,
1 % was paid
and 1 % was again paid on Aug. 11905.
ROAD.
-Owns and operates 30 miles of track (10 miles double, 10 miles
single) between Dayton and Troy. Leases the Miami Valley By., extending
from Troy to Piqua and comprising 17 A miles of track. Totil track,
47%
miles.
OFFICERS.-Pres., H. P. Clegg; Sec., Chas. B.
Winters. General office, Dayton, 0.-V 78, p. 653.Clegg; Treas., J. H.
751, 1029.

ts;

C

GAS PLANTS
A.• • ••Peoples Light Company.
To be Central Generating Plant of Entire System.

r

POLO-

GROUNDS
,
0

DAVENPOR MILE I
TRACK GROUNDS
----1
Fete

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Schue,tzen
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STREET RAILWAYS.

Av'-•




6Iol AVE.

RIVERSIDE.
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, _ • __ ,
t —,
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8114 AVE.

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11

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Northfield

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rOwatonna
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Albert Lea

CHIF.PIANOCK
;

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MAP OF THE
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DES MOINES

Tri=City Railway & Light Co.

W
Cedar RapidS'A
Iowa City
Museatin
WashinKton

Sey-mour
a'

STREET IZAIL,WA.Y
Gas and Electric Iiiglat Properties
Davenport, Iowa.
Rock Island, Ills.

MILAN
.

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-ket.

Moline, Ills.
East Moline, Ills.

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missour

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Burlington ,- -- .
(Gal',i
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eokuk '' --c
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SPRINGFIELD
i
Hannibal
q
Terre Haute
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;

JEFFERSON CITYZ,

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•4,ST.LOUIS

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36

STREET RAILWAYS

-Trolley.
DAYTON & XENIA TRANSIT CO.
-For calendar year 1907, gross, $2,913,651. In 1906
EARNINGS.
-Incorporated in 1901 as a consolidation of the Day- gross, $2,652,218; In 1905, gross, $2,412,129.
ORGANIZATION.
ton do Xenia Traction and the Rapid Transit Co. of Ohio. The Dayton &
OFFICERS.-Pres., Wm. G. Evans; V.
-P. and Gen. Man., John A.
Xenia Traction had in 1899 purchased the Dayton Spring Valley F0 Wil- Beeler; Sec. and Treas., Thos. Seely. V. 84, p. 220, 390.
mington Transit Co.
(2) Denver Tramway Power Co.
Date.
Interest. Outstanding. Maturity.
STOCK AND BONDSORGANIZATION.
-Incorporated in Colorado. This company is leased
Stock,$800,000
$800,000
years from April 1 1903 to the Denver City Tramway Co., the latter
1st mortgage, $500,000, goldt 1901
5 g A-0
500,000 April 1 1921 for 20
guaranteeing the bonds, both principal and interest, guaranty being enOfInterest at Old Colony Trust Co., Bos.. Trus.
($1,000)
dorsed on the bonds. Entire stock is owned by Denver City Tramway.
f 1901
5 g A-0
2d mortgage, $300,000
300,000 April 1 1921
Date.
STOCK AND BONDSInterest. Outstanding. Maturity.
tWorcester (Mass.) Trust Co., Trustee.
$500,000 ($100)_
$500,000
-The gross earnings for the year ending Dec. 311908 were Stockimprov mtge $1,500,0001
EARNINGS.
1903
First
5 g A-0
1,423,000 April 1 1923
$123,000.
($1,000) guar p & 1_ tInternational Trust Co., Denver, Trustee.
gold
ROAD -Owns and operates 51 miles of road from Dayton to Xenia, and
-The remaining first improvement mortgage bonds are reserved
Bonds.
from Dayton to Spring Valley, of which about 20 miles is over private right for future improvements at cost. Are
subject to call on any interest date
of way.
after April 1 1908 at 105 and interest. A sinking fund of $50,000 per
OFFICERS.-Pres., Clement J. Ferneding; V.
-P., H. L. FernedIng; annum commences April 1 1908, which will be used for redemption of the
Treas. Edward Canby; Sec., 0. 0. Ozlas. Office, Dayton, 0.-V. 73. bonds at 105 and interest. This also is guaranteed by Denver City Tramp 82; V. 74, p. 205; V. 78, p. 820.
'
way. Interest is payable in New ,York and Denver.
-Furnishes all power for the Denver Tramway Co. Normal
PLANT.
OAKWOOD STREET RY. CO.
capacity of plant, 7,500 k.w.
-A trolley road.
ORGANIZATION.
OFFICERS.-Pres., Wm. G. Evans; V.
-Incorporated in Ohio. Stock authorized and out-P. and Gen. Man., John A.
standing, $500,000 ($100). No bonds. Operates 8 miles of track In sub- Beeler; Sec. and Treas.. Thos. Keely. V. 82, p. 1437; V. 83, p. 36.
urbs of Dayton. Standard-gauge. Earnings calendar year 1907, gross,
$150,860; net, $23,138. In 1906, gross, $142,122. Pres., and Treas.,
Charles B. Clegg, Dayton; Supt., Henry Gebbart, Dayton.
DERRY, PA.
WESTMORELAND COUNTY RAILWAY CO ORGANIZATION.
-Incorporated In Pennsylvania on Dec. 27 1904. Is
a consolidation of the Bradenville do Derry Street By. and the Blairsville &
Derry Street By.
DELAWARE, OHIO.
STOCK AND BONDSInterest. Outstanding. Maturity.
Date.
COLUMBUS MAGNETIC SPRINGS & NORTHERN RI'.
Stock $500,000 ($50)
$500,000
5 g M-S
250,000 Mch, 1 1935
-Incorporated in Ohio on Oct. 15 1906, and is a First mortgage $250,000 goldf 1905
ORGANIZATION.
($100)
c*lInt. at East End. Say. & Tr. Co., Pitts., Tr
consolidation of the Delaware & Magnetic Springs By. and the Richwood
BONDS.
-No sinking fund and bonds are not subject to call.
& Magentic Springs Ry. Private right of way except in City of Richmond.
EARNINGS.
-For year ending June 30 1907, gross, $46,998; net, $19,Interest. Outstanding. Maturity.
STOCK AND BONDSDate.
915; Interest and taxes, $14,520; surplus. $5,305.
$100,000
Common, $200,000($100)
ROAD.
-Operates 7 miles of track.
Pref, 6% n-c, $200,000_ 79,200
OFFICERS.-Pres., Jos. Keeling; Sec., A. P. Meyer; Treas., J. G. VII5 g M-N
205,000 Nov 1 1931 sack.
goldl 1906
CMS&N 1st M,$400,000,
-V.80, p. 1176: V. 82, p. 50.
($1,000), cannot be called,}Interest at Colonial Trust Co., Pittsburgh,
and no sinking fund ___c*J Trustee.
DES MOINES, IOWA.
track from Delaware to Magnetic Springs
ROAD.
-Operates 18 miles of
and Richwood. An extension to Larue, 12 miles, is proposed.
-A trolley road.
DES MOINES CITY RAILWAY.
-P. and Treas., C.
OFFICERS.-Pres., W. M. Galbraith; Pitts.; V.
ORGANIZATION.
-A consolidation In 1893 of the Des Moines Street
Magee Jr., Pitts.; Sec., H. E. Buck, Delaware, 0.-V. 83, p. 1228, 1469.
RR. and the Des Moines Suburban By. Co. Is authorized to carry freight.
Franchises in Des Moines considered perpetual under a charter granted by
DENISON, TEXAS.
the city of Des Moines to Dr. M. P. Turner on Dec. 10 1866. On Nov. 21
1905 the City Council passed a resolution directing the company to remove
RY.-A trolley road.
DENISON & SHERMAN
its tracks from the streets. But on Feb. 27 1907 the U. S. Circuit Court
ORGANIZATION.
-Incorporated in Texas on Aug. 27 1900. Com- at Des Moines,in an action brought by the company to restrain the city
menced operations May 1 1901. Franchises, 50 years in cities. Private from attempting to enforce this ordinance, decided that the franchise of
right of way between cities.
the company is perpetual. V. 84, p. 508.
Guarantees the Interurban By. Co. bonds-prin. and int. See below.
Interest. Outstanding. Maturity.
Date.
STOCK AND BONDS$250,000
.
Stock $300,000 ($100)
STOCK AND BONDS-Date,
Interest. Outstanding. Maturity.
5 J-J
265,000 July 1 1927 Common, $3,000,000 ($100)First mortgage, $350,0001 1902
$1,055,000
c* Illinois Tr. & Say. Bank, Chic., & W H
($1,000)
n-c, $250,000
Pref 6
250.000
Henkle,Trus. Int. at N. W. Harris & Co. Des Moines St RR 1st MI 1889
340,000 Oct 1 'OS to
6 g A-0
50,000 July 1 1912
6 Q-J
Second mortgage, $50,0001 1902
gold, ($1,000 each)
($25,000 due yearly)
Oct 1 1919
Interest at Illinois Trust & Savings Bank,
($1,000)
lAmerican Tr. & Say. Bk., Chicago, Trustee.
Chicago, and W. H. Henkle, Trustees.
Des Moines Sub By 1st{ 1890
220,000 Jan 1909 to
6 g J-J
mortgage, gold ($1,000
($20,000 due yearly)
Jan 1921
-Interest payable in New York and Chicago. First mortgage
Bonds.
c* Interest at Chemical Nat. Bank, N. Y. City.
each)
bonds are subject to call on July 1 1917, or after, at 105 and interest. A
f Trustee, Iowa Loan & Trust, Des Moines.
sinking fund begins July 1 1905 of 2% per annum of bonds outstanding until
5 g A-0
2,339,000 April 1 1921
1913, when amount payable is 3% per annum until 1917; from 1918 to 1922, Des Moines City By refund'gI 1901
mortgage, $3,000,000, gold iInterest at N. W. Harris & Co., N. Y. City
Inclusive, 4% per annum; 1923 to 1926, Inclusive, 5% per annum. $15,600
($1.000)
_c*
also Chicago. Trustees, Illinois 'rrust 60
held in sinking fund Oct. 1907.
Say. Bk. and Wm. H. Henkle of Chicago.
-Operates 16 miles of track (8 miles between Denison and SherROAD.
Bonds.
-01 the new mtge. bonds of 1901, $882,000 were oriqlnally
man and 8 miles in the cities). 60-1b., 70-lb. and 80-lb. T rails. Also served to retire the underlying Os then outstanding. Of the $2,339,000re5s
owns 45-acre park situated midway between the two cities.
reported outstanding, $5,000 have been deposited with Illinois Trust dc
-Twelve months ending Sept. 30 1907, gross, $108,448; Savings Bank to be held In lieu of $4,000 Des Moines City By. 6s still out.
EARNINGS.
net, $38,089. In 1906, gross, $101,765; net, $32,329.
Bonds can be called on any interest date on and after April 1 1906 at 101
-P., John Crerar. and interest. Sinking fund becomes operative as follows: $10,000 yearly on
OFFICERS.-Pres. and Treas., J. P. Crerar; V.
April 1 from 1906 to 1910, $15,000 from .1911 to 1915 and $25.000 from
Principal office Denison Texas -V. 81, p. 613
1916 to 1920. The remaining bonds Tray only be issued to pay for 10% of
cost of extensions, providing net earnings are 50 % in excess of interest
DENVER, COL.
ensures upon all bonds outstanding. Including those 10 be issued
ROAD.
-Operates 79 miles of track. Standard gauge; 45 to 85 lbs.
-An electric road.
DENVER & NORTHWESTERN RV.
and girder rails.
-Incorporated in June 1901. Operates an electric
ORGANIZATION.
OFFICERS.-Pres., George B. Hippee; V.
-P., H. H. Polk; Sec., N. T•
railway of 12 miles from Denver northwest to the coal fields; also line of 10
miles to Golden City, which latter was completed in spring of 1904. Total Guernsey; Gen. Mgr., A. G. Maish; Supt., W. G. Owens. V 77, p. 769;
track, 25.27 miles. Gauge, 3 ft. 6 in.; 75 and 80-lb. T rail. 105 cars. V. 79, p. 1266; V. 81, p. 1043; V. 83, p. 751; V. 84, p. 508.
Franchise in Denver runs for 50 years; in Golden for 99 years; on country
INTERURBAN RY.-A trolley road.
roads is perpetual. Remainder is over private right of way.
In May 1902 obtained control of the Denver Tramway Co. through
ORGANIZATION. -Incorporated In Iowa to construct a system of
exchange of its securities for the stock of the same. See terms in V. 74,, Interurban roads conneeting with Des Moines. Is operated by the Des
p. 1038. Practically the whole issue of Tramway stock has been exchanged Moines City Ry. tinder an operating agreement, in consideration of which
and is deposited as collateral under the new mortgage.
the Des Moines Co. guarantees the bonds, prin. and int. In June 1906
Interest. Outstanding. Maturity. authorized stock was increased from $1,000,000 to $1,200,000.
Date.
STOCK AND BONDS$6,000,000
Stock $6,000,000 ($100)
.
Interest. Outstanding. Maturity.
Date.
STOCK AND BONDS6,000,000 May 1 1932
5 g M-N
First and collateral mortgage} 1902
$1,160,000
gold $6,000,000 ($500 and Interest at Mercantile Trust Co., New York, Stock, $1,200,000 ($100)
1,160,000 April 1 1921
5 g A-0
mortgage, sinking fund,1 1901
$1,000)
Trustee; also office of company in Denver. 1st
c*
gold ($1,000), guaranteed Amer. Trust & Savings Bk. Chic., Trustee.
Bonds.
-Can be called on any interest day at 105 and interest upon 90
Co., New York
p. & I. by Des Moines City Interest at N. W. Harris do'
days' notice. On Aug. 1 1907 whole issue was called for payment Nov. 1
c*J and Chicago.
Ry
1907, but the panic intervening, It was found impossible to get the money
-Other bonds may be issued for acquisitions and extensions at
Bonds.
relied upon, and the notice was rescinded. •
not over 80% of cost and at not over $16,000 per mile for new road, but only
OFFICERS.-Pres., S. M. Perry; V.
times all interest charges on bonds outstanding
-P. and Gen. Supt., John A. Beeler; when net earnings equal 1
Treas.,Thos. Keely; Sec., F. G. Moffat.
-V.74, p.1037; V. 85,p. 40,1143. and those to be issued. Bonds arc subject to call on and after April 1 1906
at 105 and interest, when a sinking fund of 5% of balance of annual net
(1) Denver City Tramway Company.
-Electric.
earnings after payment of all charges becomes operative, and bonds so purIn May 1902 Denver & Northwest Ry. obtained control, exchanging its chased are to be kept alive for purpose of the fund.
securities for Denver City Tramway stock. See V. 74, p. 1038.
and Colfax, 24 Miles, Des Moines and
ROAD.
-Connects
ORGANIZATION.
-Chartered in Colorado in Jan. 1899. Is successor to Perry, with branch to Des Moines 38% miles, and also operates 10 miles In
Woodward,
the Denver Electric & Cable By., the Denver Tramway Co., the South and around Des Moines; total, 7234 miles. Standard gauge; 60 and 70 lb.
Denver Tramway Extension Co , the Denver ConDenver Cable By., the
tracks of Des Moines City By.
solidated Tramway Co., the Metropolitan By., the Denver City Cable Ry., T rail. Cars enter Des Moines over
-P., E. P. Smith; Sec., W. I. Haskit:
OFFICERS.-Pres., H. H. Polk; V.
the West End Street RR., the Denver City Traction Co., the Colfax Electric
Treas., Geo. B. Hippee.-V. 74, p. 630.
By. and the Denver Globeville & Golden Rapid Transit Co.
On May 15 1906, at city election, was granted by majority vote a franchise
covering 80 miles of extensions, and the right to build and extend certain
DETROIT, MICH.
viaducts, and covering all existing lines for 20 years, and provides for a
-(See Map page 37.)-Trolley
five-cent fare. See decision in V. 84, p. 220.
DETROIT UNITED RAILWAY.
Shareholders Feb. 19 1907 authorized an increase in the stock to $20,-Incorporated in Michigan Dec. 31 1900 and took
ORGANIZATION.
000,000 and also a new mortgage for $20,000,000 to run 20 years and bear over franchises and properties of the Detroit Citizens' Street Ry.,the
Detroit
5% interest. See V. 84, p. 390. Up to Feb. 1908 mtge. had not been Electric Ry., the Detroit Ft. Wayne do Belle Isle and the Detroit
Suburban.
Issued.
the street railway lines In
p. 44, 183. Embraces
Interest. Outstanding. Maturity. V. 72, absorbed by purchaseall Detroit & NorthwesternDetroit.
Date.
STOCK AND BONDSthe
Later
By., which is
Stock $20,000,000 ($100)
..... --$5,000,000 In 1907,6% known as the Orchard Lake division, the Detroit & Pontiac By,, known
Denver Tramway first M gold_ 1888
6 g J-J
498,000 July 1 1908 as the Pontiac division, the Wyandotte & Detroit River By., known as the
6 g J-J
1,219,000 Jan. 1 1910 Wyandotte division, and the Detroit & Flint, formerly the Vetrolt RochesConsol mtge gold_ _ _ _c*dcr_ 1890
953,000 Jan. 1 1911 ter Romeo & Lake Orion Ry., and known as the Flint division. Owns enMetropol St RR first gold
6 g J-J
1891
a1,167,000 Oct. 1 1933 tire capital stock ($2,000,000) of the Detroit & Port Huron Shore Line.
Denver Consol Tramway consi 1893
5 g A-0
mtge.$4,000,000, gold _..__ Interest at Mercantile Tr. Co.. N. Y., Trust.
In Aug. 1901 purchased 2,970 shares (all) of the stock
2,000,000 April 1 1919 Windsor & Amherstburg By. 180 shares (all) of the stock of the Sandwich
Purchase money mtge gold 1899
5 g A-0
$2,000,000($1,000& $500)c* interest at Central Trust Co., N. Y.,Trustee. tric By. and the People's Electric Light plant of Windsor,of the City ElecOnt.
In Feb. 1906 issued the $1,000,000 notes in table below, for the purpose
a No more bonds can be issued under this mortgage.
of acquiring the entire stock of the Detroit Monroe & Toledo Short Line By.
-Interest on all underlying bonds is payable at Mercantile Trust V. 82, p. 392.
Bonds.
In Jan. 1907 company purchased control of the Detroit Ypsilanti Ann
Co., New York, and in Denver. The mortgage of 1899 is a first lien on the
Denver City and West End properties and a lien on the Denver Consolidated Arbor & Jackson Ry., the Jackson Ann Arbor & Detroit Ry. and the
Tramway junior to its existing mortgages, to remain outstanding and be Detroit Plymouth & Northville Ry.,and reorganized them under the name
assumed. Abstract of Denver Consolidated Tramways consolidated mort- of Detroit Jackson & Chicago By. V. 84, p. 450.
The United States Supreme Court on March 3 1902 decided that the
gage of 1893, V. 52, p. 354.
ROAD.-Owned Jan. 1908 172.30 miles of electric track. Gauge. ordinance of 1889 compelling the Citizens' Street Ry. to sell 8 tickets for a
.
3 ft. 6 in.; 45 to 75-1b. T rail; 377 cars, of which 250 motor passenger cars. quarter was invalid. (See V. 74, p. 528.)
In July 1906 a proposed ordinance extending the company's franchises
66 trail passenger cars and 61 miscellaneous.
until Dec. 4 1924 was submitted to the City Council, See V. 83, p. 271.
-Dividends of 6% per annum are paid.
DIVIDENDS.
1170. V. 84, p. 338. Ordinance, however, fell through.
PEOPLE'S STREET RAILWAY.
-Owned by the American Rys. Co.
See statement of the latter under Philadelphia.




STREET RAILWAYS

FEB— 1908.1

MAP OF THE

DETROIT UNITED RAILWAY SYSTEM

o

INCLUDING

0

• Applega

DETROIT & PORT HURON SHORE LINE RY.

.15

(RAPID RAILWAY SYSTEM)

Croswe
•,/

SANDWICH, WINDSOR & AMHERSTBURG BY.
THE WINDSOR & TECUMSEH ELECTRIC BY. CO.

a o

DETROIT, MONROE & TOLEDO SHORT LINE BY.
\-\
DETROIT, JACKSON & CHICAGO BY. ,
)
s
Brown Cy

Blaine

M

\,
Fostoria \

. Lynn.
N-/S

0
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RO

GoCidland

ct*

Lamb •
Imlay CI

Ottisville

mith's
\ •
,
pkin's Road

Lapeer
004,
e•c,

5

E

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N.

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Dryden

Flint River Jc.

+
0

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pox

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Chest

Grand Blanc
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GRAND

Or:
s

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Davisburg

jghland
Oak Grove

.kiilford
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7
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14,1
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Chilson
Pettysville
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uy
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Newport
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ot
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lson

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efferson Beach
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ai rl ew
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rysville
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ST. CLAIR
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TOLEDO

36

STREET RAILWAYS.

I

[VOL. 1.4NAX VI,

On May 1 1907 the Supreme Court of Michigan decided that the city of
OFFICERS.
-Chairman of Board, H. A. Everett, Cleveland; Pres.,
Detroit could not lay street railway tracks through its Department of J. C. Hutchins, Detroit; V.
-P., Arthur Pack, Detroit; V.
-P., E. W. Moore,
Public Works (as attempted under an ordinance of the City Council passed Cleveland; Treas., George H. Russel, Detroit; Sec., Edwin Henderson,
in 1905),to be leased, as supposed,to an operating company. V.84,p.1052. New York; Asst. Sec., A. E. Peters, Detroit. General offices, 12 WoodOn April 25 1907 Judge Swan in the U. S. Court at Detroit granted an in- ward Ave., Detroit.
-V.82, p. 333, 392; V. 83, p. 271, 1170; V. 84, p. 51,
junction (which July 24 1907 was made permanent) restraining the city 270, 338, 387, 450, 1052, 1307, 1366; V. 85, p. 345, 1005; V. 86, p. 337, 417.
from enforcing an ordinance seeking to compel the company to give 20
(1) Detroit & Port Huron Shore Line Ry.-A trolley road.'
seconds' service on some of Its lines. V. 84, p. 1052.
Entire outstanding capital stock is now owned by the Detroit United RY.
On July 23 1907 Judge Swan granted an injunction restraining the city
from enacting an ordinance which provided that company can use patches
ORGANIZATION.
-Incorporated in May 1900. Is a consolidation of
of line on which franchises are said to have expired on condition only that the Rapid Railway Co. the Detroit Mt. Clemens & Marine City By. (the
cents over entire lines or streets on which patches purchaser of the properties of the Mt.
5 tickets be sold for 15
Clemens & Lakeside Traction Co. and
lie. V. 85, p. 345.
the Detroit & River St. Clair Ry.), the Port Huron St. Clair & Marine City
STOCK AND BONDS- Date. Interest. Outstanding.
Maturity. Ry., the Connors Creek & Clinton River Plank Road Co. and the City
Stock, $12,500,000 ($100)
QF
$12,500,000 Aug/07.1 % % Electric By. of Port Huron. The new company owns the capital stock of
5
1st consol mtge, $25,000,000,{1902 43, g J-J 11,367,000
Jan 1 1932 each road. The consolidated company operates all the tracks in Mt. Clemc* Guaranty Trust Co., N. Y., Trustee.
ens and Port Huron, and the through route from Detroit to Port Huron
gold (51,000)
Int. at Kean, Van Cortlandt & Co., N. Y. running through Mt. Clemens, New Baltimore, Aigonac, Marine City and
Notes, $3,000,000
1906
5 g M-S
1,000,000 Mch 1 1909 St. Clair. Also owns the capital stock Of tile Detroit & Lake St. Clair By.
Redeemable after 1 year at par.
Date.
Interest. Outstanding. Maturity.
STOCK AND BONDSColl trust gold notes, $2,000,-1 1907 5 g F-A15
2,000,000 Feb 15 1910 Stock, $2,500,000 ($100)
$2,000,000
000 ($1,000)
c dor'
Trust Co. of America, Trustee.
1st mtge, $2,500,000 (51,000)1 1900
5 g J-J
1,592,
000 Jan 1 1950
Detroit United By. stock and bonds have been listed on the New York
cannot be called, gold c*&rginion Trust Co., Detroit, Trustee.
Stock Exchange; also Detroit Citizens' By. consol. 55.
nnt. at American Exch. Nat. Bank, N:
-Of the $25,000,000 authorized, $9,020,000 are reserved to retire
Bonds.
-Of the new 1st mortgage, $783,000 is set aside to retire underBonds.
underlying liens, $1,500,000 are in the company's treasury and $3,113,000 lying liens (namely the bonds of the Rapid Railway and of the City. Electric
are reserved for acquiring new properties at the rate of 75% of cost, and Ry. and the Port Huron St. Clair & Marine City Ry.); and $125,000 is
only available on a two-thirds vote of the stockholders. Entire issue, or reserved for extensions and acquirements.
any part thereof, is subject to call at any time at 105 and interest on 60
Rapid Railway.
days notice. See V.73, p. 1111. The coll, trust notes of 1907 are secured
BONDSDate.
Interest. Outstanding. Maturity.
by $100,000 pref. and $1,899,200 common stock of the Detroit Port Hourn
mortgage.
$300,000, 1895
1st
5 M'S
$300,000 May 1 1015
Shore Line,and $125,000 of that company's bonds, $100,000 Detroit & Lake
01.000)
c* Int. at Finance Co. of Penna., Phila., Trustee
St. Clair bonds and $1,400,000 consol. 43s of the Detroit United By. The
$300,000 May 1 1916
5 g M-N
notes are redeemable on any Int. date at par and int. upon 30 days notice. 1st Consolidated mortgage.i 1896
$600,000 (gold)
c* Int. at Finance Co. of Penna.,Phila., Trustee
Detroit Citizens'.
Of the consol. mortgage bonds of 1806, 5300,000 are reserved to take up
Interest. Outstanding
Date.
Maturity. the outstanding first mortgage bonds.
Detroit Sub By 1st mtge,1 1803
5 J-J
$140,000
1911
City Electric Railway (of Port Huron),
$250,000 ($1,000), goid_c*1
Trustee, Union Trust Co., Detroit.
RONDAInterest. Outstanding. Maturity.
Date.
Bonds.
-Are guaranteed under terms of lease. Unissued bonds have
mortgage, 5200,000,f 18 3
1st
9
$180,000 Mar. 1 1913
6 g M-S
been canceled. Issue fell due Jan. 1 1008 but was extended to 1911.
gold, $1,000
Subject to call at 105 and int. after Mar.1 '03
Detroit Electric
Int. at Hanover National Bank, N. Y. City.
Bonds.
-The mortgage trustee is the Union Trust Company of Detroit.
Interest. Outstanding. Maturity
Date.
Detroit Ry.lst mtge,g(51,000)1 1895
5 g J-D
*1,800,000 Dec 1 1912
Detroit lc Lake St. Clair Ry. Co.
on 56.34 miles
c*&rlInt. at Cleveland Tr. Co., Trustee. to 1924
BONDSDate.
Interest. Outstanding. Maturity.
Detroit Electric con M, $2,-1 1806
5 g J-D
1,000,000 June 1 1016
1st mortgage, $400,000, gold' 1900
5 g A-0
$290,000 Apr. 1 1020
800,000, gold ($1,000)c*&r1Int. at Cleve. Tr. Co., Trustee. As to Dec.
($1,000)
c*
'Interest at Union Trust Co., Detroit, Trustee
1897 interest, see V. 65, p. 1219.
-The bonds are guaranteed, principal and interest, by the Detroit
Bonds.
Bonds.
-First mortgage bonds of the Detroit By. numbered 1 to 600 maPort Huron Shore Line By., the Rapid Railway Co. and the Detroit Mt.
ture in order of numbers at $50,000 per annum, beginning Dec. 1 1912; &
numbers 601 and above mature Dec. 1 1924. Detroit Electric consols for Clemens & Marine City By. They are not subject to call.
Port Huron St. Clair & Marine City Railway.
$1,800,000 are reserved to retire the first mtge. bonds as they mature.
BONDSDate.
interest, Outstanding. Maturity.
Detroit Fort Wayne & Belle Isle
1st mortgage, g., $300,0001 1900
5 M-S
$3,000 Mar. 1 1920
5 g A-0
1st mtge, g, 51,200,0001 1898
$1,200,000 April 1 192,
($500 and $1,000) _
_JUnion Trust Co., Detroit, Trustee.
c* r I New York Trust'Co., Trustee.
($1,000)
The remaining 5297,000 bonds have been canceled.
(Subject to call at $105 and int. on'60 d.notice
-Total Det. & Port Huron System, 127.72 miles.
ROAD.
Interest at Kean, Van Cortiandt & Co., New York.
EARNINGS.
-Now included in report of Detroit United Ry.
Detroit & Northwestern Ry.
OFFICERS.-Pres., J. C. Hutchins; V.
,
6
-P., F. W. Brooks; Sec., A. E.
$855,000 May 1 1921
1st mtge, $1,000,000, gold1 1901 0 g M-N
-V.77, p. 134; V. 84, p. 338.
c*JInterest at Union Trust Co., Detroit, Trustee Peters; Treas., Geo. H. Russel.
($100, $1,000)
Sandwich Windsor & Amherstberg Ry.-Trolley.
(2)
Bonds.
-Are guaranteed, principal and interest, by the Detroit United
Ry. by endorsement, and are subject to call at 105 and interest on 60 days'
ORGANIZATION.-Incorporated under special charter from Province
notice after May 1 1911. See V. 73, p. 494.
of Ontario. Entire capital stock is owned by the Detroit United.
Detroit & Pontiac RY
STOCK AND BONDS
-Date. Interest. Outstanding. Maturity. Div'd
$297,000 July 31 1902, 23.6 %
$500,000 Feb 1 1922 Stock,$350,000 ($100)
5 g F-A
1st mortgage, $500,000, gold} 1897
Consol Mtge., 5600,000c
Dec. 1, 1922
___ g JAI 400,000
/
($1,000)
c* Washington Trust Co., N. Y. ,Trustee.
gold ($1,000)
c*JNational Trust Co., Ltd. Toronto, Trustee.
Interest at People's State Bank, Detroit.
-Interest is payable at the company's office. Are subject to call
Bonds.
600,000 June 1 1926
;
6
1st con mtge. g ($1,0O0),1 1901 4 , g J-D
$1,100,000
c*&r1Int. at Washington Trust Co., N. Y.,Trustee after Dec. 1 1912 at 105.
EARNINGS.
-Now included in report of Detroit United Ry.
Bonds.
-$500,000 consolidated mtge. 43i % bonds are reserved to retire
-Operates 35.44 miles of track in and between Windsor, Walkerlike amount of 1st mtge. bonds. Bonds are subject to call at 105 and interROAD.
est on 60 days' notice after June 1 1911. Principal and interest of both ville, Sandwich and Amherstburg, including City By. of Windsor (2.52
issues guaranteed by Detroit United by endorsement.
miles, operated under lease.
OFFICERS.-Pres. H. A. Everett, Cleveland; V.
-P. and Treas., J. C.
Wyandotte & Detroit River Ry.
Hutchins, Detroit; SeC., A. E. Peters, Detroit.
-V.75, p. 1303, 1400.
$425,000 Dec 1 1918
5 g J-D
1st consol At, $425,0001 1898
(3) Detroit Monroe & Toledo Short Line Ry.($1.000), gold
c*f Interest at Union Trust Co., Detroit, Trustee.
In Feb.,'06 entire stock was acquired by Det. Unit. Ry. V.82, p. 392.
ORGANIZATION.
Detroit & Flint Railway.
-Incorporated in Michigan on December 11 1002.
STOCKS AND BONDS- Date.
Interest. Outstanding. Maturity.
The Detroit & Flint Ry. was organized to acquire the Detroit Rochester
$2,434,000
Romeo & Lake Orion, together with the North Detroit Electric By. and the Stock, $3,000,000 _
2,484,000 Jan. 1 1933
5 g J-J
consolidated mtge. is a first lien on these 1st mortgage, ;3:000,000,) 1903
Detroit Utica & Romeo By. The
Detroit. Trustee,
(9b
ds- 00
d . ,0ter
c*J Union Tst
Trust
last two properties.
est
Bonds.
-Interest is payable in New York. No sinking fund and bonds
Co.'
Interest. Outstanding. Maturity.
Date.
are not subject to call.
5 g J-D
$1,100,000 June 1 1920
DRR &LO By 1st mtge,1 1900
ROAD.
-Operates 50 miles of road from Toledo to Detroit and 4 miles of
sinking fund, gold ($1,000), Interest at American Trust & Savings Bank,
$1,500,000; unissued bonds I Chicago. Trustee; also Guaranty Trust road from Monroe to Lake Erie; completed Nov. 5 1904. At Toledo connection is made with the Lake Shore Electric By. for Cleveland. Is of
c*j Co., New York.
have been canceled
5 g F-A
$1,400,000 Aug 1 1921 steam road construction, on private light of way; standard gauge, laid with
Detroit & Flint 1st consol M, 1901
g, $3,000,000 ($1,000) c*J Int. at Tr. Co. of America, N. Y., Trustee. 70-1b. T-rails. Total track, 74.47 miles.
OFFICERS.-Pres., J. C. Hutchins, V.
-P., F. W. Brooks; Sec., A. E.
-Of the consolidated mtge., *1,100,000 are reserved to retire Peters; Treas., Geo. H. Russel.
Bonds.
-V.78, p. 1961; V.79, p. 2455; V.82, p. 392.
bonds of like amount of the D. R.R. & Lake 0. Ry.and $500,000 have been
(4) Detroit Jackson & Chicago RY.
canceled. Consolidated bonds are subject to call at 100 and interest after
ORGANIZATION.-A holding company organized in Michigan in 1907
Aug. 1 1911 on 60 days' notice. Both issues are guaranteed by the Detroit
Ann Arbor &
by Detroit United interests
United By.;see form of guaranty in V. 76, p. 1300; as "additional collateral Jackson Ry.the Jackson to take over the Detroit Ypsilanti Detroit PlyAnn Arbor & Detroit By. and the
% bonds of the Detroit United
security" on the Flint bonds 1st consol.
Guaranty Trust Co. of New York, and would mouth & No'rthville By., paying therefor $1,230,000.
are deposited, $ for 5, with the
STOCK AND BONDSInterest. Outstanding. Maturity.
Date,
be available in the event of default on the Detroit & Flint bonds.
$25,000
_
Stock,$25,000 ($100)_
-Annual report of the Detroit United By. for the year ending 1st cons M,$4,000,000 01,000)11907
REPORT.
1,180,000 Feb 1 1937
-5 g F-A
Dec. 31 1907 was published in V. 86, p. 417.
gold
eflInt. at Security Trust Co., Detroit, Trustee.
at 105 and in130NDS.-Bonds
Detroit United Ry., Rapid Railway System and Sandwich Windsor & terest. Guaranteed,are subject to call on any interest day
p.& I., by the Detroit United Rys.; $3,405,000 are to
Amherstburg Ry. Combined.'
be used to pay for stock and to retire bonded and other debts of the Det.
•1907.
*1906.
1905.
Yps. Ann Arbor & Jack. By.. and the rest for Improvements.
$7,073,246 $6,063,182 $5,125,563
Gross earnings
OFFICERS.-Pres.. F. W. Brooks; Sec., A. E. Peters; Treas., A. F.
3,718,621
Operating expenses, including taxes_ 4,465,044
3,041,523 Edwards.
-V. 85, p. 345.
(a) Detroit Ypsilanti Ann Arbor & Jackson Ry.
'
$2,608,202 $2,344,561 $2,084,040
Net earnings from operation
ORGANIZATION.
-Organized in Michigan in 1901; absorbed by pun
60,505
58,757
Income from other sources
44,076 chase the Detroit Ypsilanti & Ann'Arbor By. and the Ypsilanti & Saline
expire In 1927.
,
$2,668,707 $2,403,318 $2,128,116 Ele tri" Ry. Franenises whi:h are nut perpetualOutstanding. Maturity.
Income from n11 sources
STOCK AND BONDSInterest.
Date.
Deductions
6
Stock,corn.($2,600,000)
2010 00 0
51:6 0:00 0 Feb. 1 1926
_
Interest on funded and floating debt_ $1,554,249 $1,243,273 $1,113,294 1st consol. M. $2,600,0001 1901
5 g F-A
625,000
343,750
Dividends
562,500
$500 ($1,000). gold --c*JInt. at Detroit Trust Co., Detroit, Trustee.
600,000 Nov. 1191?
6 g M-N
$1.897,999 $1,858,273 $1. 675 794 Det. Yp. & Ann Ar. 1st M.} 1897
($600,000), g. 0500 or Interest at Union Trust Co., Detroit, Trustee
1535,045
4
Surplus Income
$770,
$452,322
51.000 each)
The combined system carried 126,601,946 revenue passengers in 1007, Det.
& Ann Ar. Cons
against 113,011,309 in 1906; 36,704,431 transfer passengers, against
330,000 Feb. 1 1924
1st M. $1,000,000, gold 1899
6 g F-A
32,840,259.
u
C ,000 j t,
0
($500 '63 $1,000 each)•• Interest at Union Trust6 o .Detroli y Trustee
-s. f., annually
*The 1907 and 1006 figures include earnings of the Detroit Monroe & Yp. & Saline 1st M
J-J
Toledo Short Line Ry. and the 1907 figures only Include the Jackson &
Of the new 1st mortgage of 52,500,000, $990,000 are reserved for underChicago Ry. for 11 months. In 1907 $276,000 of above surplus was lying liens. First consols cannot be called. See V. 75, p. 666.
charged off for depreciation and in 1906 $250,000.
-Completed and in operation from Detroit (through Wayne
ROAD.
DIVIDENDS.
-First dividend of 1 %, on Detroit United stock was paid and Ypsilanti) to Ann Arbor and to Jackson; making mileage 100 miles, of
March 1 1001 and 1 % quarterly thereafter until Aug. 1 1905, when rate which 40 miles over private right of way. Total track, 104.86 miles.
-V.79, p. 269;
was raised to I ti % quarterly. On Nov. 1 1905 13i %. In 1906 5%. In Rails 70 and 75-1b. T and girder. Does a freight business.
V. 81, p. 1723; V. 84, p. 51, 450,
1907, Feb., 1 y,%; May, 1M %; Aug., 1%, Nov. dividend passed.
ROAD.
-On Jan, 1 1908 operated 740.96 miles of track, as follows
Detroit United, including Wyandotte & Detroit River By., Detroit &
DOYLESTOWN, PA.
Northwestern, Detroit & Pontiac, Detroit & Flint, 398.46 miles; Detroit
PHILADELPHIA & EASTON ELECTRIC RR.
-A trolley road.
& Port Huron Shore Line, 127.72 miles; Sandwich Windsor & AmherstORGANIZATION.
-Organized in 1907 as successor to the Philadelphia
burg By., 35.44 miles; Detroit Monroe & Toledo Short Line, 74.47 miles;
Detroit Jackson ec Chicago By., 104.87 miles. Rails, 77, 85 and 98-1b. & Easton By. (formerly the Doylestown & Easton Street By.), sold at
steel. Does an express service. Has 943 closed passenger cars, 325 open trustee's sale May 31 1907.
passenger cars, 229 freight and construction cars, 16 line cars, 42 express
STOCK AND BONDSInterest. Outstanding. Maturity.
Date.
cars, 6 miscellaneous cars, 2 locomotives, 2,637 motors and 2,019 trucks. C ,Inmon 3265,000 (550) _
*258,800
There are 11 power-houses with a combined capacity of 40,500 h. p., 2 Pref $365,000 5% non-cum
354,800
storage batteries with a combined capacity of 4,800 amperes and 16 sub- 1st mtge $1,000,000 (51,000,1 1907
4-5 g M-S
911,000 Sept 1 1927
tsatlons with a combined capacity of'10,000 k. w.
$500 and $100) gold__ _ c*JInterest at Girard Trust Co., Phila., Trustee.




STREET RAILWAYS

FEB., 1908.1

-Preferred shares have no voting ower.
STOCK.
voting Trustees.-WIlllam Pearson, Harrisburg; John B. Myers, Lancaster; L. B. Hillard, Wilkes-Barre.
Bonds.
-The new $1,000,000 bonds are not subject to call and no sinking
fund. Interest is 4% to Sept. 1 1911 and 5% thereafter; $165,000 receive
no interest until 1910.
EARNINGS.
-For year ending Dec. 31 1007, gross, $98,001.
ROAD.
-Operates 33 miles of road between Doylestown and Easton,
completed in summer of 1904. Operates 8 cars.
OFFICERS.-Pres., David P. Ayars, Wilkes-Barre; Sec. and Treas.,
JosephlS. Rawson, Philadelphia.
-V. 85, p. 470.

DU BOIS, PA.
-A trolley road and electric
DU BOIS ELECTRIC & TRACTION CO.
lighting plant.
In Aug. 1907 the United Traction Extension Street RR. Co. was organized by interests controlling this road with $100,000 stock and $100,000
bonds, to build a road from Sykesville to Big Run, 734 miles, but is a
separate and distinct property. Road to be completed in 1908.
-Incorporated in New Jersey on Nov. 15 1901!as
ORGANIZATION.
the American Town Light Co. and name changed later as above. Is a
consolidation of the Du Bois Electric Co and the Du Bois Traction Co. V.
76, p. 972. Franchises for both street railway and electric lighting are perpetual and exclusive. Has 10-year lighting contract with city of Du Bois
expiring April 1908. Change of control occurred in Jan. 1905 and new
officials elected as below.
Interest. Outstanding. Maturity.
Date.
STOCK AND BONDS$300,000
Stock, $300,000 ($100)5 g M-N
250,000 May 1 1932
Coll. tr. mtge, $300,0001 1902
c•J Int. at Knickerbocker Tr. Co., N. Y., Trust.
($500), gold
Mood
Underlying liens
-No s. f., but subject to call at any time at 105 and int.; $50,000
Bonds.
of new bonds are reserved to retire $29,000 prior liens. V.81, p. 1550.
EARNINGS. For year ending Dec. 31 1907, gross, $71,734; net, $38,573;
fixed charges, $16,900; surplus, $21,073.
-Operates 12 miles, including extension to Falls Creek and to
ROAD.
Sykesville, where connection is made with tracks of the Jefferson Traction
Co., controlled by the same interests. Standard gauge; 60 and 70-lb.
girder and T rail.
OFFICERS. Pres., Austin Blakeslee; V.
-P., J. E. Merris; Sec., T. H.
Crissman; Treas., M. I. McCreight.-V. 81, p. 1550, 1791.

DUBUQUE, IOWA.
UNION ELECTRIC CO. IN IOWA.
-Trolley.
ORGANIZATION.
-Incorporated in Iowa in 1900 as a consolidation of
the Home Electric Co., the Dubuque Street Ry. and the Star Electric Co.,
which constitute the entire electric light and street railway properties of the
city of Dubuque, Iowa. In April 1901 Messrs. Linehan & Mobo sold their
half interest in the company to the other stockholders, the General Electric
Co. among them, which June 1 1904 owned $240,000 of the common and
$240,000 of the preferred. In June 1907 stock was Increased from $1,000,000 to $1,500,00.
STOCK AND BONDS - Date.
Interest. Outstanding. Maturity.
Common.$750,000 ($100)
*655,000
Pref., $750,000 ($100)6% cum __
6%
727,000 Feb. '08, 52
1st mtge., $980,000, gold, 1904
5 g M-N
650,000 May 1 1924
($1,000)
collat. at Ill. Tr. do Say. )3k., Chicago, Trustee.
Remaining $330,000 bonds reserved for 80% of cost of extensions and
improvements; but only in event of increase of stock,and then to only twothirds of such increase, but in no case to be made earlier than two years
from date of bonds. Bonds subject to call after five years at 105 and int.
Sinking fund of $15,000 p.a. begins Apr. 30 1908.
Dividends.
-First dividend on pref., A %, June 1 1907, and 34 % has
been paid monthly up to and including Feb. 1908.
EA ttNINGS.-For calendar year 1907, gross, $294,922; net, after taxes,
$112,177. In 1906, gross, $271,468; net, after taxes, $102,640.
-Owns and operates about 1734 miles of track on 1434 miles of
ROAD.
street in Dubuque, West Dubuque and to Union and Nutwood parks, and
\
has contract with the city for supplying electric lights.
OFFICERS.-Pres., F. D. Stout, Chicago; V.
-P., D. D. Myers; Sec. and
Treas., J. R. Lindsay;, Railway Exchange, Chicago; Gen. Man., L.D.
Mathes.
-V. 71, p. 2643; V. 84, p. 1553.

DULUTH, MINN.
DULUTH-SUPER IOR TR ACTIO N.
-Trolley.
ORGANIZATION.
-Incorporated in Connecticut in 1900. Owns entire
stock of the Duluth Street y., the Lakeside Street Ry. and the Superior Rapid Transit. The corporate existence of the Duluth Street By.
Is maintained, but all of its stock ($1,500,000 authorized, $300 000 outstanding). Is held by the Duluth-Superior Traction. This latter company
has no bonded debt. The Duluth Street Ry. was organized under Act
of Minnesota approved Nov. 17 1881, and possesses "an exclusive franchise"
Which runs until 1931. See decision with regard to franchises in Superior
In V 80, p. 1911. The Duluth-Superior Bridge at West Superior is used by
the railway, but is a separate corporation, and has issued first mortgage
bonds for E650,000 and second mortgage bonds for $300,000-see bridge
Items. V. 63, p. 310, 504. In 1003 entered into contract with the Great
Northern Power Co. to supply sufficient power to operate the street railways In both cities. Power Is now (1908) being delivered.
Date.
STOCK AND BONDSInterest. Outstanding. Maturity.
Cap.stock,corn.,$3,500,000
$3,500,000
Pref.4%cum.$1,500,000
1,500,000 Jan.'08,1%
Op-j
Duluth St. BY. M., $2,500,00011900
5 g NUN
2,500,000 May 1 1930
c•JInt. at Cent. Trust Co., N Y., Trustee.
gold ($1.000)
-The mortgage covers all the mileage of the Duluth Street By..
Bonds.
the property of the Lakeside Street Railway and of the Superior Rap.
Transit having first been conveyed to the Duluth St. Ry.
Dividends.
-On the preferred stock 4% per annum Is being paid.
-The system embraces 75.93 miles of track and includes all the
ROAD.
iines in Duluth and Superior.
REPORT.
-01 the Duluth Street By. for calendar year 1907, gross.
$846,084; net, $408,693; interest and taxes, including $84,053 for depreciation, $301,735; surplus, $106,958; in 1906, gross, $768,875; net, $350,054;
interest and taxes, including $50,820 for depreciation, $261,892; surplus,
$88,162.
.
0FPI()ERS.-Pres C. G. Goodrich; Secland Urea, L Mendenhall;
-V. 72, p. 1834627; V. 80, p. 1911.
Gen. Man., Herbert Warren.

39

ROAD.
-Operates 15 miles of track between East Liverpool and Wellsville. Standard gauge, 73-1b. girder and T rail. An extension of about
8 A miles of double track was completed to Toronto Feb. 1908, where connection is made with the Steubenville Traction & Light Co.
OFFICERS.-Pres., Van Horn Ely, of Buffalo; V.
-P., C. A.Smith; East
Liverpool; Sec. and Treas.. Edward McDonnell, East Liverpool.
-V. 81.
p. 1791; V. 82, p. 804.
STEUBENVILLE & EAST LIVERPOOL RAILWAY & LIGHT CO
ORGANIZATION.
-Incorporated in Ohio April 1906 as successor to •
the Steubenville Traction & Light Co., which in Jan. 1901 had taken over
the Steubenville Gas & Electric Co. and the Steubenville Traction Co.
Owns the Pleasant Heights line. Light franchises perpetual; street railway franchises expire 1925 to 1928. Bonds listed on the Philadelphia
Stock Exchange.
STOCK AND BONDSDate.
Interest. Outstanding. Maturity.
Stock, $3,000,000
$3,000,000
First mortgage. $3,000,001 1907
5 J-J
1912
1,860,000
($1,000), gold
e Int. at Commercial Trust Co., Phil., Trustee.
Steuben Tract & Lt 1st mtge, ____
5 g M-N
790,000 May 1 1926
$1,000,000 ($1,000), g__c*IInt. at Metropolitan Trust Co., N.Y., Trus.
Bonds.
-Of the new $3,000,000 bonds, $790,000 are reserved to retire
prior liens and $350,000 are in the treasury of the company. Cannot be
called.
ROAD.
-17 miles of track in Steubenville and between Steubenville and
Toronto; laid with 60-lb. rails; 13 closed and 16 open cars. Also electriclight and gas plants, and pleasure park of 85 acres.
OFFICERS.-Pres., Van Horn Ely; Sec. and Treas., Ed. McDonnell.

EASTON, PA.
EASTON CONSOLIDATED ELECTRIC.
-On May 1 1904 lease to Lehigh Valley Traction was canceled by rentals
being in default. See V. 78, p. 1446, 1781. In June 1904 a further installment of $5 per share was called on stock. V. 78, p. 2011, 2442. Dividend ,
payments have been: July 1900, 334 % on $10 paid in; Sept. 1901 and
March and Sept. 1902, 3% on $15 paid in; March 1903 (paid in July) and
Sept. 1903, 4% on $15 paid in.
In Dec. 1905 declared a dividend of $2 50, and at same time called an
assessment of $5 per share on the stock; the dividend was credited on the
assessment, making the stock 50% paid in. V. 81. p. 1791. Cash dividends resumed in Oct. 1906 by the payment of 234'A. V. 83. p. 687.
234 % again paid April 1 1907 and 234% Oct. 1 1907.
ult,GAiVIZATIOLY.-ConsAidatIon of the Easton Transit Co., the Edison
Illuminating Co. of Easton,the Easton Palmer & Bethlehem Street By.Co.,
the Easton & Bethlehem Transit Co. and the Northampton Central Street
By. Co. Incorporated in New Jersey March 11 1899.
Owns entire ($150,000) stock of the Easton & South Bethlehem Transit
Co., organized on June 19 1906 to build a line from Easton to South Bethlehem, about 12 miles. Also leases that company and guarantees its bonds,
principal and interest, by endorsement. V. 83, p. 323. Owns all the
stock of the Penn. Motor Co.
Consolidation of Subsidiaries.
-On Jan. 3 1908 the (old) Easton Transit
Cs., the Easton & Bethlehem Transit Co., the Easton Palmer & Bethlehem
Street Ry. and the Northampton Central Street By. were merged Into the
(new) Easton Transit Co. V. 85, p. 1461. Stock, $2,000,000.
STOCK AND BONDS.
-Both the stock and the collateral trust 55 were
In Jan. 1900 listed on the Philadelphia Stock Exchange.
Date.
Interest. Outstanding. Maturity.
Stock $1,500,000 (par $50)-__
50% pd. In Oct '07. 234
Collateral trust $1,300,000 g 1899
5 g M-N
1,240,000 May 1 1949
($1,000 and $500)
c* Interest at Girard Trust Co., Phila., Trustee.
Pennsylvania Motor Co 1st M 1881
6 A-0
60,000 April 1 1941
(cannot be called)
Lack. Tr. & Safe Dep. Co., Scranton. Trust.
Eas Pal & Beth Elec 1st gold 1898
5 J-J .
200,000 Dec.31 1918
$200,000, cannot be called Int. at U.S. Mtge. & Trust Co., N. Y.,Trust.
Eas do So Beth 1st M $500,000 1906
5 g J-J
450000 July 1 1936
guaranteed gold ($1,000)c* Girard Trust Co., Philadelphia,
Trustee.
Bonds.
-The collateral bon s have no sinking fund and are not subject to
call. Of the total of $1,300,000, $60,000 is reserved to retire the Pennsylvania Motor bonds. Issue is secured by a pledge of $2,000,000 stock (the
entire Issue) of the (new) Easton Transit Co., 12,317 shares (out of 12,322
shares) of Edison Illuminating stock, and 2,400 shares (the entlreissue)
of Pennsylvania Motor stock. Of the Easton do South Bethlehem Transit
bonds, the unissued remainder is reserved for betterments, acquisitions
and extensions at 95% of cost. Interest is payable at office of 'Edw. B.
Smith & Co., Philadelphia, or at company's office. The bonds are guaranteed, prin. and int., by endorsement by the Easton Consolidated Electric.
A sinking fund of $5,000 per annum commences June 1 1908. Bonds are
subject to call after July 1 1911 at 105 and interest. V. 83, p. 323.
EARNINGS,
-For year ending Dec. 31 1906 of Easton Transit Co.
(the operating company), gross, $326,693; net, $122,667; fixed charges
and taxes, $40.3%4; surplus, 882.343; add net Income of Edison Illuminating Co., $27,417; total net, $109,760; expenses and fixed charges of Easton
Consolidated Electric, $51,799; balance $57.961: di. dend paid Oct. 1
1908, $18,750; surplus, $39,211.
ROAD.
-Embraces practically the entire street railway system of Easton,
South Easton and Philipsburg, with a line from Easton to Bethlehem and
South Bethlehem; total track, Including a 12-mile extension built by the
Easton to South Bethlehem Transit Co. from Butztown to South Bethlehem,
about 55 miles.
OFFICERS.-Pres.,Jos. S. Lovering; 1st V.
-P., S. H. Hackett; 2d V.
-P.,
H. R. Fehr;Sec. and Treas., S. H.Sargent; 511 Chestnut St., Phila.-V. 81.
p. 1791; V. 82 p. 691; V. 83, p. 323, 687. 969; V. 84. p. 450, 693, 1307;
V. 85. p. 283, 464, 1461, 1518.

NORTHAMPTON TRACTION CO.
ORGANIZATION.
-Incorporated on Oct. 13 1902, and is a consolidation on Jan. 1 1903 of the Easton & Nazareth Street By. and the Easton
Tatamy & Bangor Street By. Franchise perpetual.
STOCK AND BONDS- Date.
Interest. Outstanding.
Maturity.
Stock $500,000 (100)_
$500,000
First mortgage,$400,000 g.I 1903
5 g J-J
304,000 Jan. 1 1933
c*
1mt.at Northampton Tr.Co. Easton),Trus.
(
Second mortgage. $100,000
See text.
Bonds.
-The first mortgage bonds are in denomination of $100, $200,
$500 and $1,000. A sinking fund of 10% of net earnings is now operative,
but the bonds cannot be called. Part of the second mortgage bonds are
pledged to secure $80,000 of notes.
EARNINGS -For fiscal year ending June 30 1907, gross, $106,495;
oper. expenses and taxes, $57,825; net, $48,670; Interest, $24,543; surplus.
$24,127.
ROAD.
-Operates 24 miles of track from Easton to Nazareth and
DUNKIRK, N. Y.
from Easton to Bangor, chiefly on private right of way. Standard gauge.
60-lb. and 80-lb. steel rail; 17 cars.
DUNKIRK STREET RAILWAY
OFFICERS.-Pres. T. A. H. Hay; Sec.. W. 0. Hay: Treas.. Chester
Organized April 11 1906, by the syndicate which proposes to connect
Buffalo and Erie. Has secured a franchise in Dunkirk and has built about Snyder; Supt., D. L. Beaulieu. V. 80, p. ;972.
'
5 miles of track. Pres., L. B. Grant; V.
-P., P. C.ISchutrum;!Sec., Chas.
H. Werner; Treas., M. J. Dodge.

EAST ST. LOUIS, ILL.

EAST LIVERPOOL,t:OHIO.
EAST LIVERPOOL TRACTION MIGHT.ORGANIZATION.-Incorporateenin Ohio on Sept. 30 1905'and is a-conl
solidation of the United Power Co., the East Liverpool By., the Ceramic
City Light Co., the Wellsville Electric Light Co., the Glasgow RR., the
Eastern Ohio RR., the Island Run Coal Co., the East Liverpool d: Rock
Springs Street By., the East Liverpool Bridge Co., the Chester Light &
Power Co. and the People's Light cc Power Co. See V. 81, p. 1791.
STOCK AND BONDS - Date.
Interest. Outstanding. Maturity.
Common,$2,500,000 ($100) $2,500,000
Pref..5% n.c., $500,000 ($100)
500,000
let mort., $3,000,000, gold1 1005
5 g M-N
2,400,000 Nov. 1 1925
($1,000)
cf Int. at TJnion Trust Co., Pittsb., Trustee.
Bonds.
-Of the $3,000,000 authorized. $600,000 are reserved for extensions, Improvements and acquisitions. Are subject to call on any interest
date at 105.
EARNINGS.
-For 7 months ending May 311906, gross. $170,428; net.
$73,749; fixed charges, $57,839; surplus, $15,910.




EAST ST. LOUIS & SUBURBAN CO.-Trolley.'(See Map on page 41.)
In April 1906 absorbed the Alton Granite & St. Louts Co. For terms of
exchange see V. 82, p. 751, 1379.
ORGANIZATION.
-Incorporated in New Jersey in 1902 and
the stock and bonds (with the exception of $59,000 as below) of owns all
St. Louis By., the St. Louis & East St. Louis Electric Ry., and the East
the East
St. Louis do Suburban Ry., all the stock of the Alton Granite & St. Louis
Traction Co., the Alton Gas & Electric Co. and the bonds of the St. Louts
& Belleville Electric By. The East St. Louis &Suburban Ry. operates
all
the electric lines in East St. Louis and to Belleville, Edwardsville, Collinsville and Caseyville; also a line to O'Fallon and Lebanon and an interurban
line from East St. Louis to Venice, Madison, Granite City and Alton; and
the only electric line across the Eads Bridge. In Jan. 1903 acquired the
Citizens' El. Lt. & Pow. Co.'s plant In East St. L. Has 50-yr. exclusive
rights to operate cars over the Eads Bridge, the only bridge connecting St.
Louis and East St. Louis. Has contract with city of East St. L. for municipal
lighting until 1910. Franchises in East St. Louis, Edwardsville, Collinsville, CaseyvWe, O'Fallon, Belleville and Lebanon are from 44 to 48 years,
with the exception of Belleville (5 miles), which has 16 years to run-all
from 1904. Has 10-year contract from Sept. 1 1903 for city lighting of

STREET RAILWAYS.

40

Alton. Alton railway franchise expires 1948; Alton electric light franchise
in 1948; Alton gas franchise Is perpetual; Granite City franchise expires in
1925; Madison franchise in 1925; Venice franchise In 1920; Brooklyn
franchise in 1921; and franchise for county road crossings in 1925.
Both stock and bonds have been listed on the Philadelphia Stock Exchange and other stock exchanges.
The following is a list of the stocks and bonds owned and which are
deposited with the St. Louis Union Trust Co. as collateral for the East
St. Louis & Suburban Co. collateral trust bonds.
Bonds.
Stock.
Constituent Cos.East St Louis Ry Co__$1,626,000 out of $1,685,000 $1,805,500 entire issue
499,500 do do
St L 63E St L Elec Ry. 500,000 (entire issue)
do
do
3,630,300 do
do
E St L & Suburban Ry 3,630,000
do
do
St L 63 Belleville El Ry 750.000
224,700 do do
Citizens Elec L & P Co. No bonds
$6,506,000
$6,160,000
The capitalization of the East St. Louis 63 Suburban Co. is as follows:
Interest. Outstanding. Maturity.
Date.
STOCK AND BONDS$7,000,000
Common $7,000,000 ($100)7,000,000 Feb.'08, 1 X
Q-F
Pref $7,000,000 ($100) 5% ---5% cum from May 1906 _ __,
5 g A-0
6,734,000 April 1 1932
Collateral trust mortgage $8,-1 1902
000,000 gold ($1,000) ___c*I Interest at St. Louis Union Tr. Co., Trustee.
l or at E. W. Clark 63 Co., Philadelphia.
6 g F-A
140,000 Aug. 1 1909
East St. Louis Electric St RBI 1893
consolidated (now first) g__1Int. at Miss. Val. Tr. Co., St. Louis, Trustee.
2,604,000 Aug. 1 1049
5 g F-A
A G & St Louis first consoll-} 1904
dated mortgage,$3,000,000 Int. at Illinois State Tr. Co., East St. Louis.
Trustee, or at Morton Trust Co., N. Y.
c*
gold ($1,000)
5 M-S
6,000 Sept.'08-'09
Alton Impfovement Ass'n1 1889
1st M currency $2,500,000 _ Interest at Alton Savings Bank.
5 g A-0
244,000 Oct. 1 1915
Alton Ry & Illum first mtge 1895
*250,000 gold ($1,000) c* Interest at Manhattan Trust., N. Y.,Trustee.
5 g A-0
250,000 Oct. 1 1939
Alton Ry Gas & Electric Co 1890
mortgage *500,000 ($1,000)}Int. at Trust Co. of America, N. Y., Trustee.
gold
c*1 No sinking fund; bonds cannot be called.
Bonds.
-Besides the $6,734 000 collateral trust bonds reported outstanding, $651,000 are in company's treasury; $140,000 are reserved to retire
the underlying lien given above and $475,000 are reserved for future extensions and improvements. Bonds are redeemable on any Int. day at 105 and
Interest, on four weeks' notice. See V. 76, p. 382. Of the $530,000 Alton
Ry.Gas & Elec.Co.bonds,$250,000 are reserved for prior liens. Of the $2,604,000 Alton Granite & St.Louis 1st consols reported out, $500,000 are reserved to take up prior bonds, $396,000 for extensions and improvements
and 3140.000 are in the treasury of the company. V 81, p. 973. They
are also a lien on the property of the Alton Gas ec Electric Co., which was
owned by the Alton Granite ec St. Louis Traction Co. when the mortgage
was made. No sinking funds, but bonds are subject to call on any interest
date at 110 and interest upon 90 days' notice.
REPORT.
-For year ending Dec 31 1907, gross, $2,157,443; net,
$1,029,548; fixed charges, $545,358; preferred dividend, $350,000; surplus,
$134,190. In 1906, gross, $2,041,451; net, $978,681.
ROAD.
-Operates 181 miles of track, including all the lines in East
St.Louls and Alton, a double-track road from East St. Louis to Belleville,
aisingle-track line to O'Fallon and Lebanon, and also a single-track line to
Alton. Has 184 cars.
-P., E. W. Clark; Sec. and Asst.
OFFICERS.-Pres., C. M. Clark; V.
Treas., G. L. Estabrook; Treas., C. A. Pearson Jr.; Asst. Sec., T. W.
Gregory. Office of Suburban Co., Camden, N. J.; operating company at
-V. 79, p. 2587; V. 80, p. 650, 871; V. 82, p. 392, 751,
East St. Louis.
1379; V.83, p. 271, 687, 960, 1170; V. 84.p. 1371 (1).

EAU CLAIRE, WIS.
CHIPPEWA VALLEY RAILWAY LIGHT & POWER CO.
-Incorporated in 1898 under the laws of Wisconsin.
ORGANIZATION.
Owns the Chippewa Valley Elec. RR., In which the Eau Claire Light &
Power Co. has been merged. Street railway franchises 30 years.
tstanding. Maturity.
.
STOCK AND BONDSCommon,$800,000 ($100)---- ---------------- $800,000
100,000
Pref 7% cum,$200,000 ($100)
650,000 July 1 1924
5 J-J
First mortgage $2,000,0001 1907
c•'Int. at Harris Tr. 'Sc Say. Bk., Chicago, Trust
($1,000) gold
-01 the new $2,000,000 bonds, $200,000 may be issued for 75%
Bonds.
of cost of extension to Menominee; remainder can be issued for 75% of
cost of other permanent extensions, additions and improvements,provided
net earnings for preceding year have been twice annual interest charges,
including interest on bonds to be issued. Are subject to call on and after
July 1 1913 at 105 and interest, $4,750 prior liens remain outstanding, but
as sufficient proceeds have been set aside from sale of outstanding bonds to
retire these, we omit them from the statement. Sinking fund begins 1913.
V. 85, p. 1461.
-For year ending June 30 1907, gross, $131,636; net, after
EARNINGS.
taxes, $61,956; interest on $650,000 first mortgage bonds, $32,500; surplus,
$29,456.
-Operates 225i miles of road in Eau Claire and Chippewa Falls,
ROAD.
including an interurban line between them. Owns all the water powers
onlRed Cedar River and does all lighting and power business in Eau Claire.
-P., John S. Owen; Sec. and Gen.
OFFICERS.-Pres.,0. H. Ingram; V.
-V.85, p. 1200, 1461.
Mgr., Geo. B. Wheeler; Treas., B. A. Buffington.

ELMIRA, N. Y.
ELMIRA WATER. LIGHT & RAILROAD COMPANY.
-This company was incorporated on May 26 1900
ORGANIZATION.
for the purpose of consolidating all the water, lighting, power and street
railway properties in Elmira, comprising the following: The Elmira Municipal Improvement Co.; the Elmira 'Sc Horseheads By.; the Maple Avenue
Ry.; the West Water Street RR.; the West Side Railway Co.; the Elmira
Gas 63 Illuminating Co., the Elmira Illuminating Co.; the Elmira WaterWorks Co. and the Elmira Heights Water Co. In May 1906 we were informed that none of the franchises had less than 09 years to run, while some
of them were perpetual. In Sept. 1906 purchased the entire capital stock
and bonds of the Elmira & Seneca Lake Traction Co. In Oct. 1906 Railroad
Commissioners granted permission to increase capital stock from $1,000,000
to $2,000,000, in part to acquire the Elmira & Seneca Lake Traction UP* and
the ChemungCounty Gas Co. The Commissioners also authorized the con.
mortgage for $5,000,000. V. 83, p. 393.
Interest. Outstanding. Maturity.
Date.
STOCK AND BONDS-$1,000,000
Common $1,000,000 ($100)
639,457
$1,000,000
Preferred,
6
339,000
1913
Elmira Water-Works first mtg. ____
355,000 Oct 1 1914
5 g A-0
(
West Side RR gold first mort- 1894
-P., Chemung Canal
J. B. Rathbone, V.
gage
Trust Co., Elmira, Trustee.
1,661,000 Jan 1 1999
5 ic J-J
First mortgage $2,000,000.1' 1000
gold ($1,000 and $500)- _csi United States Mortgage & Tr., N. Y. Trust.
Subject to call at 105 and interest.
28,000 Jan. 1 1949
4 g Mch
Second mortgage income non-} 1900
cumulative $1,200,000 gold Guaranty Trust Co. of New York, Trustee.
Subject to call at 100.
41.000)
1,229,000 Sept 11056
5 g M-S
let consol mtge, $5,000,0001 1906
c*IInt. at New York Trust Co., Trustee.
($1,000), gold
reserved to retire at maturity the bonds
Of the let Is of 1900 $339,000 are
of the Elmira Water Works Co.. due 1913. $355,000 outstanding bonds of
the West Side RR. and the Elmira Heights Water Co. are guaranteed. Of
the 1st consol. mtg. of 1906 32,376,000 are reserved for prior liens.
ROAD.
--Comprises 27 A miles of track,controlling all the principal streets
In Elmira and connecting the suburban towns of Elmira Heights, Southport
and Horseheads, and 17 miles from Horseheads to Watkins, via Miliport
and Montoura Falls, to Seneca Lake. Equipment consists of 40 closed cars,
32 open cars and 11 trailers. Track laid with 75 and 90-1b. girder rails.
Owns Rorick Glen Park.
-Earnings for year ending June 30 1907 were: gross, $661,622;
REPORT.
net, $251,902; fixed charges, $168,885; surplus, $83,017.
-P., George Bullock; Gen. Mgr.
OFFICERS.-Pres., Ray Tompkins; V.
W. W. Cole; Sec. and Treas., H. M. Beardsley; Asst. Sec., A. 0. Cooke,
-V.72, p. 935, 988; V. 82. p. 1166; V. 83, p. 893.
40 Wall St., N. Y.




EL PASO, TEXAS.
-Incorporated in New Jersey and owns the
EL PASO ELECTRIC CO.
securities of the El Paso Elec. By. Co. and the El Paso & Juarez Trac. Co.,
comprising practically all the electric lighting and the entire street railway
business of El Paso, Tex., and Juarez, Mexico. Railway franchise in El
Paso expires in 1951; in Juarez in 1988. Lighting franchise in El Paso ex
pires in 1952; in Juarez in 1015.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
Common, $1,000,000 ($100).
$1,000,000
____
6 J-J
425,400 Jan13'08,3%
Pref $500,000 6% n-c ($100)
5 g J-J
936,000 Jan 1 1932
Collat trust mtge $1,000,0001 1902
jInt at State Street Trust Co, Boston, Trustee
($1,000) gold
6 J-J 15
gold ($100,1 1908
500,000 Jan 15 1913
Notes *500,000
cjInt. at State Street Tr. Co. Boston, Trustee,
$500 and $1,000)
-The 1908 notes are convertible at option of holder into common
Bonds.
can be called on 60 days' notice on any interest date after
stock at par;
Nov. 1 1910 at par and interest. The 1902 collateral trust bonds cannot
be called and no sinking fund.
-First div., 3% on pref. stock, was paid Jan. 12 1003; also 3%
Dividends.
on July 13 1903. In 1904, 6%; in 1905, 6%; in 1906, 6%; in 1907, 6%
in 1908, Jan., 3%.
-For 12 months ending Dec. 31 1907: Gross, $506,604;
EARNINGS.
net, $128,078; charges, $60,350; divs.(6%),$22,842; bal., surp., $44,886.
-Operates 28 miles of track in and between El Paso, Tex., and
ROAD.
Juarez, Mexico; chiefly 60-1b. T rail; 46 cars.
OFFICERS.-Pres., G. E. Tripp; V.-P. Joseph Remick; Treas., A.
'
Stuart Pratt; Sec., Alvah K. Todd; Mgr., C. W. Kellogg Jr.; Trans. Agts.,
-V.76, p. 158; V. 83, p. 323; V. 85, p. 1269.
Stone & Webster, Boston.

ERIE, PA.
ERIE TRACTION CO.
ORGANIZATION.
-Incorporated in Pennsylvania on April 16 1901.
tstanding. Maturity.
STOCK AND BOStock, $500,000 ($50)
-------- ------------------$500,000
440,000 July 1 1929
5 g J-J
1st mtge, $500,000, goldl 1899
($500 and $1,000)
rustee.
e
Loans payable June 1906---------------------100,200
-A sinking fund of $30 for every $1,000 bonds commences July 1
Bonds.
1904, but bonds are not subject to call. Interest is payable at the company's office, Erie, Pa. No interest has been paid on the bonds to date.
EARNINGS.
-For year ending June 30 1007: Gross, $82,943; net, $10,121; fixed charges, $11,588; deficit, $1,467.
-Operates 2734 miles of track from Erie to Edinboro and CamROAD.
bridge Springs. Standard gauge, 60-lb. and 70-lb. girder and T-rall.
OFFICERS.-Pres., W. C. Culbertson, Girard; V.
-P., T. A. Lamb;
Sec.-Treas., Chas. M. Hatch. Office, Erie, Pa.

EVANSVILLE, IND.
EVANSVILLE & SOUTHERN INDIANA TRACTION CO.
-A trolley
road.
ORGANIZATION.
-Incorporated In Jan. 1907 and Is a consolidation of
the Evansville Elec. By. and the Evansville Princeton & Vincennes Inter.
Pty. Franchises expire in 1951 and 1952.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
$2,000,000
Common, $3,000,000 4100)
1,000,000
Pref, $1,500,000 ($100) see text _
1,000,000 Jan 1 1937
5 g J-J
1st con mtge, $4,000,000, g 1907
c'jInt. at Trust Co. of No. Am.,Phila., Trustee.
($1,000)
Evansville El By 1st mtge, 1901
1,200,000 May 1 1921
4 g M-N
$1,200,000, gold ($1,000)c• Int. at Farmers' L. 'Sc Tr. Co., N. Y. True.
Evansv & Prince let mtge,) 1903
400,000 ApriC1 1023
5 g A-0
$400,000, gold ($1,000),}Int. at Cit. Say. 'Sc Tr. Co., Cleve., Trustee,
sinking fund
c6crj or at First National Bank, New York.
-Preferred stock is entitled to dividends of 3% in 1908; 4% in
Stock.
1909; 5% in 1910 and thereafter.
-0I the $4,000,000 new bonds, $1,600,000 are reserved for prior
Bonds.
liens. Are subject to call on any int. date before Jan. 1 1912 on 60 days'
notice at 105 and interest.
The Evansville & Princeton first 5s have a sinking fund of $10,000 per
annum commencing on Feb. 1 1908, said fund to be invested in the bonds
at 105, beginning with No. 1. Whole issue of these bonds may be called at
any time at 110 and interest Geo. B. Denison of Cleveland Is co-trustee
of this mortgage
-Owns about 65 miles of track in Evansville and between EvansROAD.
ville and Princeton. 60 70 and 75-1b. T-rails. Also owns park and
pleasure resort.
OFFICERS.-Pres.. Jas. Murdock; V.
-P., H. B. Smith; Sec. and Treas.
-C. M. Murdock; Gen. Mgr., Fletcher M. Durbin; Aud., J. G. McKee.
V. 84, p. 158, 339, 1366.
EVANSVILLE RAILWAYS CO.
ORGANIZATION.
-Incorporated in Indiana in August 1007 to control
the Evansville & Eastern Electric By. and the Evansville & Mt. Vernon
Electric Ry. Owns all the stock of the latter road and practically all the
stock of the former. In Nov. 1007 authorized $500,000 preferred stock.
V. 85, p. 1401.
Outstanding.
Last Div.
STOCK AND BONDSDate. Rate.
$900,000
Common, $1,000,000 ($100)- - - 100,000
Pref., $500,000,6% cum
J-J
.
550,000 April 11938
Evans & E Elec By 1st mort-1 1906
5 g A-0
gage, $750,000, gold ($500}Int. at American Trust & Say. Co., Evans.
and $1,000)
c*1 ville, or Pittsburgh Tr. Co., Pittsb., True.
350,000 Oct 11025
Evans de Mt V Elec Ry 1st M,j 1905
5 g A-0
$350,000, gold ($1,000)..c*4Int. at Amer. Tr. & Say. Co., Evansv., Trus.
Stock and Bonds.-Pref. stock can be called any time at par. Of the
Evansville & Eastern Electric By. bonds. $200,000 are reserved for extensions and improvements at 85% of cost. Are subject to
call, in whole or in part, at 105 and interest on any interest day upon 90
days' notice; $2,500 is payable annually to a sinking fund from 1910 to
1920: from 1921 to 1936, $5,000 per annum. The Evansville & Mount Vernon Elec. By. bonds have a sinking fund of $10,500 per annum,commencing Oct. 1 1910, to be invested in ten bonds annually at 105. Subject to call
at any interest period at 110.
ROAD.
-The Evansville & Eastern road consists of 25 miles of track
from Newburgh (from which point it enters Evansville over the tracks of
the Evansv. Sub. 63 Newburgh Ry.) to Rockport, including a 3-mile branch
to Richland. The Evansville & Mt. Vernon road consists of 18 miles of
track from Evansville to Mt. Vernon. Total length of lines, 43 miles.
Extensions aggregating 25 miles are projected to Grand View, Troy, Tell
City and Cannelton. Both roads do a freight business.
OFFICERS.-Pres., William L. Sonntag; V.P. and Gen. Mgr., C. H.
Battin; Sec., Fred. W. Reitz; Treas., M. S. Sonntag.-V. 84, P. 942, 1551;
V. 85, p. 1401.
EVANSVILLE SUBURBAN & NEWBURGH R Y.
ORGANIZATION.-Iucorporated in Indiana in Dec. 1888, with a perpetual charter. Passenger business hauled by electricty and freight by
steam. Does a car-lot freight and express business. Has private right-ofway. Has a contract with the Evansville & Eastern Elec. By,, allowing
thellatter's cars to enter Evansville.
Interest. Outstanding, Maturity.
STOCK AND BONDS- Date.
$307,400
Stock, $500,000($100)
5 g J-J
500,000 July 1 1934
1st mortgage, $500,000, gold} 1904
($500 and $1,000)
c• Interest at Evansville Trust & Say. Co..
Trustee, or Nat. Bank of Commerce, N. Y.
-A sinking fund of $2,500 per annum commences July 1 1910.
Bands.
which will retire bonds at 105. All or any part of bonds are redeemable
after 15 years at 105.
ROAD.
-Operates 25 miles of track from Evansville to Newburgh, with
a branch off the main llne through Stevens Station and Chandler, to Boonvine; has also 5 miles of side-track; total, 30 miles. Standard gauge.
70-1b. T-ralls.
-P., Lee Howell; Sec. and Gen. Mgr.,
OFFICERS.-Pres., F. W.Cook; V.
Gus. Mulhauser; Treas., S. P. Gillett. V. 83, p. 271.

4

STREET RAILWAYS.

190S.]

MAP OF THE

EAST ST. LOUIS
righton

AND

SUBURBAN COMPANY.
Mileage on Single Track Basis 175 Miles,

Dorsey

Woods
j

Mora
Worden

Upper Alton

enter
Manix

0

A
SUBSTATION

RDSVI LLE
p. 6,00

Fruit

0
1 6-

SUBSTATION

COUNTY LINE

a,
Spring

ndelet
ailing Sprn
Bluff •Lake




lascoutall
I

42

STREET RAILWAYS.

[vo. Lxxxvi.

ROAD.
-Owns and leases 75i miles.
EVERETT, WASH.
OFFICERS.-Pres., E. L. Tompkins; V.
EVERETT RY. LIGHT & WATER CO.
-P., G. A. Schrader; Sec., S. K.
-Leased to the Puget Sound International Ry. & Power Co., a Phillips, Matteawan; Treas., Bert L. Smith.
Leased.
-V. 75, p. 184.
Stone & Webster property incorporated in Maine June 5 1907 to build a
road between Seattle, Everett and Bellingham, Wash., and to develop elecFITCHBURG, MASS.
tric railway, lighting, gas and water-power properties in the Puget Sound
district. V. 85, p. 723.
FITCHBURG & LEOMINSTER STREET RY.
ORGANIZATION.
-Incorporated in Delaware on Feb. 22 1905 and is a
In April 1905 absorbed the Leominster Shirley & Ayer Street By. through
consolidation of the Everett By. & Elec. Co. and the Everett Water Co.
Owns entire electric-railway system of Everett and Lowell, and does greater exchange of stack, share for share. V. 80, p. 1478. In Sept. 1907 Mass.
portion of electric-lighting business in Everett, Lowell and Marysville. RR. Commission sanctioned increase in stock from $500,000 to $700,000.
Owns pubic water supply system throughout Everett and Lowell. Rail- V. 85, p. 722,
way franchises expire 1944 and 1950; lighting franchise expires 1950 and
STOCK, BONDS, ETC.- Date.
Interest. Outstanding. Maturity.
water franchise 1945.
Stock (au,$700,000; par,$100)
$450,000
See text
STOCK AND BONDS- Date. rInterest. Outstanding. Maturity. Fitch & Leo 1st mtge ($500), 1897
5 A-0
150,000 April 1 1917
$150,000
c Interest at First National Bank, Boston.
Stock, $2,000,000 ($100)
$2,000,000
Fitch & Leo con mtge, $350,- 1901
mortgage, $2,000,000,1 1905
434 F-A
1st
150,000 Feb 1 1921
5 g A-0
675,000 April 11025
000 ($1,000)
Int. at Boston Safe Dep. & Tr. Co., Trustee.
gold ($1,000)
cfInt. at Manhattan Tr. Co., N. Y., Trustee:
1905
Everett By & Electric 1st1 1901
5 g F-A
100.000 Feb 1 1921
5 g A-0
825,000 April 1 1921 L S & A 1st mtge. $100,000, Int.
gold ($1,000)
c*
at Boston Safe Dep. ec Tr. Co., Trustee.
mortgage, $1,000,000, gold }Int. at Manhattan Tr. Co., N. Y., Trustee.
Guar, p & 1, by Fitch. & Leom. St. By.
($1,000)
1No sinking fund and not subject to call.
Current liabilities Sept. 30 1907
Everett Water Co 1st mtge,1 1901
566,823
5 g J-J
500,000 July 1 1921
Bonds.
-01 the new consol. mtge.,.$150,000 are reserved to retire the
$600,000 ($1,000)
c*'Int. at Manhattan Tr. Co., N.
Bonds.
-Of the new $2,000,000 mortgage, $1,325,000 are Y., Trustee. 1st mtge. at maturity.
reserved to
retire prior liens. No s. 1., but bonds subject to call on any int. date upon
DIVIDENDS.
-For many years up to and including 1900-1901, 8%; in
60 days' notice at 10734 and interest.
1901-02. 8%; in 1902-03, 8%; in 1903-04, 8%; in 1904-05, 8%; in 1905-06.
EARNINGS.
-For calendar year 1907, gross, $350,845; in 1906, gross, 6%: in 1906-07, 6%.
*293,214.
ROAD.
-Owns 40.7 miles of track. Road extends to Leominster,
ROAD.
-Operates 20 miles of track in Everett, including
Lunenburg, Shirley and Ayer. 28 closed passenger cars, 26 open passenger
Lowell and Snohomish, 8.19 miles, leased from the N. P. RR.branch to cars and 5 snow
Co. for 3
plows.
years with privilege of renewing for 7 years more. Standard gauge.
EARNINGS.
20 cars.
-For years ending Sept. 30:
OFFICERS.-Pres., J. T. McChesney, Everett; 1st V.
-P., L. S. Duryee,
1907.
1906. 1
1907.
1906.
Everett: 2d V.
-P., H. P. Scott, Wilmington, Del.; Sec. and Treas., Edward Gross
$260,468 $250,907 Dividends
_ _$27,000 $27,000
C. Mony, Everett.
-V. 80, p. 2219.
Net
126,913
122,070 Balance, surplus for
pald_Interest, taxes, &c 02,064
83,1891 year
7,849
11,881
OFFICERS.-Pres., H. A. Willis; V.
-P., H. I. Wallace; Clerk and CounEXETER, N. H.
sel, C. F. Baker; Treas., R. N. Wallis; Supt. and Purch. Agent, W. W.
NEW HAMPSHIRE ELECTRIC RYS.
Sargent, all of Fitchburg.
-V. 72, p. 87; V. 80, p. 1478; V. 85, p. 468, 722.
ORGANIZATION.
-Incorporated in August 1905 as successor under
foreclosure of the New Hampshire Traction Co , as per plan 111 V. 79. p.
2205. Company is managed by a board of trustees. Owns and controls
FOND DU LAO, WIS.
the following companies: Amesbury & Hampton Street Ry Seabrook &
EASTERN WISCONSIN RY. & LIGHT.
Hampton Beach Street Ry„ Haverhill & Plaistow Street By., Haverhil
-Trolley.
Plaistow & Newton Street By.. Portsmouth & Exeter Street Ry., Dover
ORGANIZATION.
-Incorporated in Wisconsin in Sept. 1903 as a conSomersworth & Rochester Street Ry.. Exeter Hampton & Amesbury Street solidation of the Fond du Lac St. Ry. & Light Co. and the Fond
du Lac &
Ry., Hudson Pelham & Salem Street By., Haverhill & Southern New Oshkosh Electric Ry. Co. Comprises the entire street railway, electricHampshire Street Ry., Lawrence & Methuen Street Ry., Lowell & Pelham lighting and gas plants in Fond du Lac. Franchises
expire in 1951. Has
Street By., Rockingham Co. Light & Power Co.,Canoble Lake Co. and contract with city of Fond du Lac to light streets, expiring
in 1913.
Granite State Land Co.
STOCK AND BONDSDate.
Interest. Outstanding. Maturity.
All of the capital stocks of these companies are owned by the New Hamp- Stock,$500,000 ($100)
------$493,600
shire Electric Rya.. as are also the outstanding bonds of all the companies, Fond du Lac St Ry&L
mtge ____
5 g J-J
192,500
with the exception of those given in table below. Franchises of all the con$250,000 ($1,000), g.-r&c* Int. at Milwaukee Trust Co., Trustee. 1920
stituent companies are perpetual.
1st mtge, $1,500,000, gold 1903
5 g A-0
722,000 Oct 1 1923
In May 1908 the Exeter Hampton & Amesbury St. Ry. (one of the con($1,000)
c* Interest at Milwaukee Trust Co., Trustee.
stituent companies) was placed In the hands of Allan Hollis as receiver upon
Bonds.
application of the bondholders. Foreclosure sale is announced to take place $212,000-$525,000 are reserved for improvements at 90% of cost and
for prior liens. Bonds are subject to call on any interest date
at
Mch. 10 1908. V.82, p. 1157; V.86, p. 420. The Hudson Pelham & Salem 103 and interest upon
six months' notice. The Fond du Lac St. By. & L.
Elec. By. was foreclosed July 19 1907 and succeeded by the Hudson Pelham bonds cannot be
called. They are guaranteed, p. & I., by the Eastern
& Salem St. By. Co., with capitalization of $200,000 In bonds and $200,000 Wis. By. & Lt. Co.
In stock, all acquired by the New Hampshire Electric Rys.
ROAD-7
-Operates 25 miles of ttack in Fond du Lac and between Fond
STOCK AND BONDS- Date.
Interest, Outstanding. Last Div.
du Lac and Oshkosh. 70-lb. T rails.
Common, $4,000,000 ($100)$4,000,000
Pref,4 n-c, $4,000,000 ($100)
EARNINGS.
4,000,000
-For year ending Dec. 31 1907, gross, $218,611; net,
taxes, $83.855. In 1906, gross, $189,996; net after taxes, $73,658. after
UNDERLYING
OFFICERS.
-V.
-P. and Gen. Mgr., N. C. Draper; Sec., H. F. WhitExeter Hampton &Amesbury1
1st mortgage, $225,000, g,I 1899
-V.81, p. 668; 974; V. 83, p. 1347.
5 g J-D
225,000 June 1 1919 comb Jr.; Treas., Wm. E. Cole.
($1,000), sink. fund $3,000 Interest at American Trust Co.. Boston,
1
per annum begins 1904
Trustee.
bonds, cannot be called_c*
FORT DODGE, IOWA.
Dover Somers & Roch 1st M,
FORT DODGE DES MOINES & SOUTHERN RR.
-See "Railroad and
g, $300,000 ($1,000), c* s f 1901
5 g J-J
See text. July I 1921 Industrial" section.
$5,000 per ann begins 1904; Interest at American Trust Co., Boston,
bds cannot be called. Guar
Trustee.
p & 1 by Ex Hamp &Amb.
FORT SCOTT, KAN.
Amesbury & Hampton 1st M. 1899' 5 g A-0
See text. Oct 1 1919
THE FORT SCOTT GAS & ELECTRIC CO.
gold $100.000 ($l,000)___ Int. at Beacon Tr. Co.. Boston. Trustee.
ORGANIZATION.
Bonds.
-Of the $300,000 of the Dover Som. & Roch, bonds, all issued,
-Incorporated in Kansas in 1900, and is successor
$200.000 are owned by the New Hamp. Elec. Rys. Of the $100,000 Ames. to the Fort Scott Electric Light & Power Co., Citizens' Electric Street By.
Fort Scott Steam Heating Co. and Fort Scott Gas Co. Franchise expires
& Hamp. bonds, all Issued, $50,000 are owned by the N. H. Elec. Rys.
EARNINGS.
-For calendar year 1907, gross, $658,211; net, $153,758; April 23 1922.
int. and taxes, $22,743; surplus, $131,015. In 1906, gross, $677,388; net,
STOCK AND BONDSDate.
Interest. Outstanding. Maturity.
$151,208; int. and taxes, $20,913; surplus, $130,293.
Stock, $300,000 ($100)
$300,000
-Companies controlled comprise about 135 miles of track con- 1st mortgage, $250,000, gold 1903
ROAD.
5 g A-0
200,000 April 1 1922
necting Nashua, Pelham, Lowell, Lawrence, Methuen, Haverhill, Salem
($500), sinking
_c*JInt. at Chicago Title & Trust Co., Trustee.
Amesbury, Exeter & Portsmouth, Dover, Somersworth and Rochester-all
Bonds.
-Of the $250,000 authorized,$50,000 are reserved for extensions.
fund_- points in N. H. or Mass. Company owns several pleasure resorts. Also Are subject to call on April
1 1908 at 105 and interest. The following
does electric-lighting business. Population served, 300,000.
amounts are payable annually to a sinking fund,
and 1909.
OFFICERS.-Pres.. D. A. Belden, Haverhill; V.
-P., A. S. Webb Jr.. per annum; in 1910 and 1911, $4,000 per annum; In 1908 and 1913, $3.500
in 1912
$4,500
New York: Sec. and Treas., F. J. Horne, New York.
per annum; in 1914 and 1915, $6,000 per annum; in 1916 and 1917. $7,000
TRUSTEE.
-The New York Trust Co.
-V.84, p. 868; V. 86, p. 420.
per annum, and from 1918 to 1921 inclusive, $10,000 per annum.
EARNINGS.
-For calendar year 1905, gross, $68,647; net, $31,467;
fixed charges, $13,487; surplus, $17,980.
FAIRMONT, W. VA.
FAIRMONT & CLARKSBURG TRACTION CO.
ROAD.
-7 miles of track in Fort Scott. Gauge, 4 ft.; 45-lb. T-rails,
ORGANIZATION.
-Incorporated in West Virginia in June 1903 and is
OFFICERS.
-President, Grant Hornaday; V.
-P., C. F. Martin;
successor to the Fairmont & Clarksburg Electric RR. Co. Is controlled by Sec., F. A. Hornaday; Treas. and Supt., F. D. Martin.
-V. 77, p. 1294.
Interests identified with the Consolidation Coal Co. of Maryland and allied
properties. V. 80, p. 600.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
FORT SMITH, ARK.
Stock, $2,000,000 ($100).
$1,800,000
1st mortgage, $2,500,000,1 1903
5 g A-0
FORT SMITH LIGHT & TRACTION CO.
1.340,000 Oct 1 1938
gold ($1,000)
In July 1906 a large block of the stock changed hands. V. 83, p. 213.
c*jInt. at Guaranty Tr. Co., N. Y., Trustee,
Bonds.
-Are subject to call, beginning Oct. 1 1913, at 105 and int.
ORGANIZATION.
EARNINGS.
-For year ending Dec. 31 1908, gross, $238,272; net in- consolidation of the -Incorporated in Arkansas on April 13 1903 as a
come, $130,049; Interest and charges, $98,314; surplus, $31,735. In 1905, Fort Smith TractionFort Smith-Van Buren Light & Transit Co. and the
Light & Power Co. Does the entire electric light,
gross, $198,019; net income, $117,064; interest and charges, $91,428; sur- gas and street railway
business of the city and the electric-light and gas
plus, $25,638.
business
ichises
-Operates a line between Fairmont and Watson; a line from expire in of Van Buren. Street railway, gas and electric-light fra,
ROAD.
1955.
Clarksburg to O'Neil Mine and from Clarksburg to Carbon and Greselli, and
STOCK AND BONDSInterest. Outstanding. Maturity.
Date.
a line 25 miles long between Fairmont and Clarksburg; total, 43 miles of Common,$950,000 ($100)_
$950,000
track. Standard gauge. Also does electric-lighting business.
Pref, $650,000 ($100), see text ____
650.000
OFFICERS.-Pres.,S. L. Watson; V.
-P., C. W.Watson;Sec. and
Consol mortgage, $1,500,000, 1904
5 g 9-M15 1,110,000 Dec 15 1944
Walton Miller; Gen. Mgr., A. J. Purinton.-V. 76, p. 1406; V. 77, Treas.,
gold ($1,000)
p. 950;
c*l Int. at Cent. Tr. Co., of Ill., Chic., Trustee
V. 80, p. 600.
First Nat. Bk., Bost., or 1st Nat. Bk., N.Y.
1st mortgage,$300,000, gold,j 1903
5 g M-N15
200,000 May 1 1933
($1,000)
FARGO, NORTH DAKOTA,
cl Int. at St. Louis Union Trust Co., Trustee.
Coupon notes
$170,000
FARGO & MOOREHEAD STREET RY. CO.
-A trolley road.
Stock and Bonds.
-The preferred stock is 5% and is cumulative after
-Incorporated 1904 in North Dakota. Stock,
ORGANIZATION.
$300,000 ($100) issued. Bonds authorized and outstanding, $200,000 Jan. 1 1907. First mtge. I3onds have no sinking fund, but all or any part
($500) 20-year 5% 1st mtge. and $100,000 ($500) 6% 20-year 2d mtge.; of bonds subject to call after one year upon any interest date. Of the $1.both issues due 1925; int. J-J and subject to call after 5 years at 105; prin- $500,000 new consols, $200,000 are reserved for prior liens and $190,000 are
cipal and int. payable in gold, 1st mtge. bonds at State Bank of Chicago, deposited as security for above coupon notes. These bonds are subject to
trustee, 2d mtge. bonds at Luzerne Trust Co., Wilkes-Barre, trustee. call at 102 and interest after 5 years. A sinking fund of $15,000 per annum
Earnings for 1907, gross, $85,000; net, $35,000. Operates 13 miles be- commences Dec. 15 1914. V. 80, p. 996. In addition to bonds in table
tween Fargo, N. D., and Moorehead, Minn. Standard-gauge, 70-lb. T- above, there are $8,500 2d mtge. bonds out, due in 1910; $52,974 in cash
has been deposited with the trustee to retire these bonds.
rail. Pres., L. B. Hanna, Fargo.
EARNINGS.
-For calendar year 1907, gross, $309,842; net, $125,039;
interest, $81,809; surplus, $43,230.
FISHKILL-ON-THE-HUDSON, N. Y.
ROAD.
-Operates 20 miles of track on 12 miles of streets in Ft. Smith
CITIZENS' RAILROAD. LIGHT & POWER.
-A trolley road.
and suburbs. Standard gauge, 58-lb. and 80-lb. 'P rail. 36 cars. Owns a
ORGANIZATION.
-The Citizens' Street RR. Light & Power formerly
leased the Fishkill Electric Ry., but now the latter leases the former. The park of 107 acres. Also gas works for distributing natural and artificial gas,
with about 43 miles of mains; and electric power and lighting plant-genpower and lighting business is done by the Southern Dutchess Gas &_Elec- erating
capacity about 1,742 horse power and pole line of about 130 miles.
trio Co.
OFFICIERS.-Pres., A. S. Huey: V.
Stock, $175,000 (par $100)4175,000
-P., H. M. Byllesby;)
EARNINGS.
-Forlkyear ending
zolara; Treas., Geo. Sengel; Gen. Mgr., W.Gillette; A.udItor,Sec., Jas. BrizCitizens' RR.Light & Power
June 30 (for Fishkill Electric B1
N. I. Garrison.
1906, -V. 79, p. 2085; V. 80, p. 996; V. 82, p.
.•
1st mtge, 5 F-A, $100,928; V. 83, p. 213.
only):
000, due 1922
100,000 Gross
*51,181 $47,252
Cit St By 1st M,6s, A-0_ __ 75,000 Net
19,273
16,924
(Due 1912, optional after 1897) Charges
FORT WAYNE, IND,
8,820
8,710
Fishkill Elec 1st M 6s of
Dividends
None
FORT WAYNE 6c WABASH VALLEY TRACTION CO.
-A trolley road.
1895, due 1915, J-J-- J $50,000 Balance
10,453
8,214
Controlled by the same interests as the Indiana Union Traction and the
Fishkill stock ($50,000) to receive same div. as Citizens' St. By.
Indiana Columbus & Eastern.




-43

STREET RAILWAYS.

1908.]
•. •

-Incorporated in Indiana on May 29 1903 as the
ORGANIZATION.
Fort Wayne Logansport Lafayette & Lima Traction ()o., but name was
changed to above on Feb. 17 1904. Is a consolidation of the Fort Wayne
Traction Co., the Lafayette Street Ry.,the Logansport By. Co., the Logansport Rochester & Northern Traction Co., the Wabash River Traction Co.
and the Wabash Logansport Traction Co. In Oct. 1904 purchased the Ft.
Wayne & Southwestern Trac. Co., which had previously acquired the Ft,
Wayne Elec. Lt. & Power Co. See V. 79, p. 1955, 2147. Owns entire
capital stock of the Ft. Wayne Bluffton & Marion Traction Co. and Lafayette & Logansport Traction Co., which see below. Franchises expire from
1935 to 1991, but some are perpetual. Chandler Bros. & Co. of Philadelphia offered the bonds for sale in 1905.
Date.
STOCK AND BONDSInterest. Outstanding. Maturity.
Common, $6,000,000 ($100)
$6,000,000
Pref,see text, $1,500,000 ($100)
1,500,000
5 g M-S
1st cons mtge, $7,500,000, 1904
6,919.000 Mch 1 1934
c* Int. at Tr. Co. of No. America, Phila. Trust.
gold ($1,000)
1931
Wabash Riv Tr Co 1st mtge, 1901
5 g F-A
275,000
$350,000 ($1,000), g
c* Int. at N. Haven Tr. Co., N. Haven,Trustee
1929
0
50
4 g A-0
29,000
Ft Wayne Tr mtge, $1,- ,- 1899
000, gold ($1,000)
c* Int. at Guard. Trust Co., Cleveland, Trustee.
Lafayette St Ry 1st mtge 1893
225,000 June 1 1913
6 J-D
($1,000 each), $225,000_c* Int. at Real Estate Trust Co., Phila., Trustee
-The preferred stock is 5% cumulative after Dec. 1 1906 and may
Stock.
be redeemed after Nov. 30 1914 at par and unpaid dividends. See V. 79,
p. 2747. Both corn. and pref. are listed on Philadelphia Stock Exchange.
-Of the new mortgage for $7,500,000, $534,000 are reserved to.
Bonds.
retire underlying liens and the remainder ($47,000) for improvements,
extensions, &o., at 85% of cost, and for acquisitions only when net earnings
are 25% in excess of int. charges. See V. 78, p. 2011. In addition to
bonds noted above, there are $3,500 bonds of the Logansport Ry. outstanding. The new consols of 1904 are not subject to call before maturity. The
Wabash River Trac, Co. 5s of 1901 are subject to call at any time at 105
and interest.
ROAD.
-Operates 127 miles of main track, comprising the inside lines
In Ft. Wayne Huntington, Peru, Wabash and Logansport, and the interurban road connecting those cities; also the city lines in Lafayette. An ex
tension to Lafayette has been built by the Logansport & Lafayette Traction
Co., which is controlled by this company. Total track, including controlled
companies and sidings, 207 miles. At Logansport, Peru and Wabash connection is made for Indianapolis over the tracks of the Indiana Union Traction Co. In May 1906 began through service between Ft. Wayne and Indianapolis over tracks of Indiana Union Traction Co. See V. 82, p. 1101
Rails, 60,70, 72,80 and 90-lb. In Oct. 1907 began operating cars between
Ft. Wayne and Lafayette. Owns 5 power houses and 4 pleasure parks.
Has 81 closed and 88 open cars and 117 motorequipments. Also controls
the Ft. Wayne Bluffton & Marion, which operates 23 miles of track from
Ft. Wayne to Bluffton. Controls entire electric light and power business
of Ft. Wayne.
REPORT.
-For calendar years ending Dec. 31:
1904.
1905.
1907.
1906.
$834,801
Gross earnings
$1,283,722 $1,109,032 $949,298
533,295
580,832
676,846
Operating expenses
746,036
Net earnings
Other income

$537,686
59

$432,186
160

$368,466
199

$301,506
430

Total income
Fxed charges

$537,745
427,315

$432,346
364,232

$368,665
317,859

$301,936
243,506

$110,430
$68,114
$30,806
$5543
Surplus
-P. Charles M. Murdock;
OFFICERS.-Pres., J. Levering Jones; 1st V.
2d V.
J. McGowan; Sec., Stephen B. Fleming; Treas., Henry
-P., Hugh
0. Paul.
-Randal Morgan, J. Levering Jones, H. H. Kingston and
DIRECTORS.
Bayard Henry of Philadelphia; Henry C. Paul and Stephen 13. Fleming of
Ft. Wayne; James Murdock and Charles M. Murdock of Lafayette, and
-V.82, p. 1101; V. 83, p. 37.
Hugh J. McGowan, Indianapolis.
-A trolley road.
(1) Ft. Wayne Bluffton & Marion Traction Co.
-Incorporated In April 1905. Stock all owned by
ORGANIZATION.
Ft. Wayne & Wabash Valley Traction Co. which guarantees the bonds.
'
principal and interest. Is leased to guarantor for 99 years
Interest. Outstanding. Maturity
Date.
STOCK AND BONDSSee text
Stock,$400,000.$400,000 July 1 1935
5 g J-J
1st mtge. $400,000, goldl 1905
jInt. at Guar.Tr. &S. D. Co., Phila., Trustee
($1,000), guar
-Operates 23 miles of track between Fort Wayne and Bluffton
ROAD.
-V. 81. p. 507.
70-lb. rails,
(2) Lafayette & Logansport Traction Co.
-Incorporated in 1906. Entire stock is owned by
ORGANIZATION.
the Fort Wayne & Wabash Valley Traction Co., which guarantees the
bonds, principal and interest.
Interest. Outstanding. Maturity
Date.
STOCK AND BONDSSee text.
Stock $500,000
$900,000 June 1 1936
5 g J-D
First mortge.$1,000,000 gold 1 1906
($1,000) guaranteed_ .._e* Int. at Guar. Tr. & S. D. Co.'PhIla., Trustee
-Operates 353,i miles of track from Lafayette. via Delphi to
ROAD.
Logansport. 70-lb. rails. Was completed July 1 1907.

OFFICERS.-Pres., Guy *E. Tripp; 1st V.
-P., John 1W. Hallowell: 2d
V.
-P., H. T. Edgar; Sec., Alvah K.'rodd; Treas., Henry B. Sawyer; Gen.
Mgrs., Stone & Webster, 147 Milk St., Boston.
-V. 81, p. 1724, 1793;
V. 83, p. 436; V. 85, p. 469.
(1) Northein Texas Traction Co.
road.
-A trolleyORGANIZATION.
-This was formerly the Fort Worth Street Railway
Co., chartered by the Texas Legislature In 1874 for 100 years. In 1901
application for amendment to charter was granted, changing its name to
the Northern Texas Traction Co. The 'rraction Co. then purchased the
City Ry.,and in 1901 obtained legislative permission to extend its road from
Fort Worth to Dallas, a distance of 30 miles. In 1902 purchased the Dallas
& Oak Cliff Electric Ry. and redeemed that company's bonds; also acquired
the Glenwood & Polytechnic College Street Ry. Franchise in Fort Worth
expires in 1973; in Dallas in 1945 and 1920; others between 1945 and 1950;
has private right of way outside of cities.
STOCK AND BONDSDate.
Interest. Outstanding. Maturity.
.
Stock $2,500,000 ($100)
Q-F
32.500,090
First mortgage $2,500,000) 1903
5 g J-J
2,500,000 Jan. 1 1933
($1,000) gold-no sinking }Int. at Citizens' Say. & Tr. Co., Cleve., Trus.
fund
c*1 or at Trust Co. of America. New York.
Bonds.
-Are subject to call as a wnole on Jan. 1 1998,on Jan. 1 1913 and
on any interest date after 1913 at 105 and interest. All underlying bonds
have been canceled.iy Sam_ irgajmr.„2,
Olt wito„,, ketit i4Ja_i
t
L
,
ANDTQUIPMENT.-Owns'and'operates 80.8 miles of track in
Ft. Worth and Dallas, Including an interurban line between them. All
tracks In Ft. Worth have been re-laid with 56, 60, 65 and 70-lb. rails.
For interurban use, 70-1b. rails, standard gauge; 114 cars.
REPORT.
-For 12 months ending Dec. 31 1907., gross, $1,060,953; net.
$437,381; Interest, $128,503; dividends, $149,400; surplus, $159,478.

FREDERICK. MARYLAND.
-A trolley road.
FREDERICK & MIDDLETOWN RAILROAD.
In 1907 the Frederick Interurban RR. was incorporated for the purpose
of consolidating this company and the Jefferson & Braddock Heights RR.
The new company, It is thought, will have a capital of $1,000,000, and will
ismc 81,000,000 Winds. Sec V. 84.p. 1427.
Lip to Feb.1908 the company
had not been organized or:acquired any.:property.
ORGANIZATION.
-Is successor'In11906 tolthe Frederlekl&lMiddletown
Electric By. The old company in Aug. 1901 leased the Myersville &
Catoctin Electric Ry. for 10 years from Feb. 1 1904, on which date the old
lease expired. For terms of lease see V. 73, p. 287.
STOCK AND BONDSDate.
Interest. Outstanding. Maturity.
Stock,$250,000 _
_
$250,000
First mortgage, OOOOO OOOOOOO 1906
5gJ J
gold ($1,000)
cffidellty Trust Co., Baltimore, Trustee.
ROAD.
-Frederick to Middletown, 9 miles; which, with the lease of the
Myersville & Catoctin Electric, Myersville to Middletown, 535 miles, con,
structed in 1898; makes a total of 14% miles operated. An extension to
Unionville, 15 miles, Is proposed.
'
-P., Emory L. Coblentz;
OFFICERS.-Pres.. Jas. E. Ingram Jr.; V.
Sec. E. W. Harthoal; Treas., Thos. H Haller.
-V. 81, p 1100; V. 84.
p. 1427
WASHINGTON FREDERICK & GETTYSBURG RY.-To be a trolley
road.
-Incorporated in 1898 in Maryland by Act of GenORGANIZATION.
eral Assembly amended in 1900 and 1906.
Interest. Outstanding. Maturity.
Date.
STOCK AND BONDS315 0,000
Stock, $1,000,000 ($50)O
150,000 May 1 1937
5 g M-N
1st mtge, $400,000 ($1,000a 1907
3500 and $100), g_ ___c&rlInt. at Bait. Tr. & Guar. Co.,Balt., Trustee.
Bonds.
-Subject to call on any Int. period on 60 days' notice at 105 and
int. A sinking fund starts Jan. 1 1911.
ROAD.
-Is to operate about 25 miles of road from Frederick to Emmittsburg via Thurmont. Road is completed between Frederick and
Thurmont. Remainder is expected to be completed during 1908. Standard gauge, 70-lb. T rail.
D. Columbus Kemp; Sec.. Charles C. Waters;
OFFICERS.-Pres..
Treas., Franklin Buchanan Smith. all of Frederick.
-V.85, p. 601, 723,922.

FREEPORT, ILL.

FREEPORT RAILWAY LIGHT & POWER CO.,
-Franchises expire March 1 1923. Has traffic
ORGANIZATION.
arrangement for 50 years with the Rockford & Interurban Ry. Co.,
allowing cars of that company to enter Freeport. Also has contract for
city lighting.
STOCK AND BONDSInterest. Outstanding. Maturity.
Date.
Common $200,000
($100)_00,000
Pref 5% n-c $150,000 ($100)
150,000
-------First mortgage $350,000 gold' 1903
5 g M-N
333,000 See text.
($1,000)
c*lAmerican Tr. & Say. Bk., Chicago, Trustee.
Bonds.
-Interest on the above issue is payable at the offices of Rudolph
Kleybolte & Co. in New York, Cincinnati and Chicago. Bonds are subject
to call after May 1 1913 by lot at 105 and interest. 317.000 are reserved
for future improvements at 80% of cost. Maturity of the bonds is as
follows: $10,000 due May 1 1908; $5,000 due in each of the years 1910,
1912 and 1913 and $5,000 annually from 1915 to 1921 inclusive; the
-A trolley road.
FORT WAYNE & SPRINGFIELD RAILW.AY CO.
remainder in 1922. A sinking fund provides for the payment of $2,000
per annum for first ten years and $5,000 per annum thereafter.
-Incorporated July 2 1003 in Indiana.
ORGANIZATION.
-For calendar year 1906, gross, $81,600; net, $30,400.
EARNINGS.
Interest. Outstanding. Maturity.
Date.
BONDSSTOCK AND
Common, $500,000 ($100)
-Operates 9 miles of track: 60 and 90-lb. Trail. Standard gauge.
ROAD.
5 g J-D
$497,800 June 1 1926
24 0
1st mortgage, $300,000, goldl 1906
-P.. Fred. DorOFFICERS.-Pres. and Gen. Man., A. J. Goddard; V.
c*J1nterest at Cleveland Trust Co., Trustee.
($1,000)
mon; Sec., W. N. Cronkrite; Treas., W. J. Smith.
-Are subject to call at 105 on any interest day.
Bonds.
-For 6 months ending July 311007: Gross, $19,735; net,
EARNINGS.
FRESNO, CAL.
$10,585; fixed charges, $5,250; surplus, $5,335.
-Operates 21.6 miles between Decatur and Ft. Wayne. Total
ROAD.
-A trolley road.
FRESNO TRACTION CO.
70-lb T rail; gauge 4 ft. 856 in. An extension to Celina
track 23.7 miles.
ORGANIZATION.
-Incorporated in California in 1903 in the interest of
is proposed.
H. E. Huntington of Los Angeles. to build 196 miles of electric railway, in-P., John H. cluding lines from Fresno to Wawona,79 miles; Fresno to Selma, Fresno to
OFFICERS.--Pres. and Mrrr., W. H. Fledderjohann; V.
Trimmer's Springs and Fresno to Central and Washington Colonies. StockKoenig; Sec., B. A. Fiedderjohann; Treas., Chas. Diritson; Supt., T.
holders in 1904 authorized a mortgage to secure $5,000,000 bonds. V. 78,
Slid,rah
p. 1222.
Interest. Outstanding. Maturity.
STOCK AND BONDSDate.
FORT WORTH, TEXAS.
$5,000,000
Stock, $5,000,000
-A trolley road.
A •azaze.
0.)0
38,000
(1)
(?)
CITIZENS' RAILWAY & LIGHT CO.
6 g J-J
150,000 Jan. 1 1922
-Incorporated in Texas Aug. 28 1006 as a consoir Fresno City By first mtgej 1902
ORGANIZATION.
3150,000 gold ($1,000)_ _c*-1Cal. Safe Dep. & Tr. Co.,San Fran.. Trustee.
dation of the Citizens' Light & Power Co. of Ft. Worth, the Arlington
-Fresno City bonds have a sinking fund of $3,000 per annum for
Bonds.
Heights Street Ry. and the Ft. Worth & Rosen Heights Street Ry. Co.
V. 85. p. 30.
first 2 years, $5,000 per annum for next 5 years and 37,500 per annum for
Interest. Outstanding. Maturity. next 10 years, commences on Jan. 1 1905. Bonds cannot be called. InDate.
STOCK AND BONDSStock, $1,000,000 ($100)
$1,000,000
terest payable in New York and San Francisco.
.
5 g F-A
First mortgage, $1,000,0001 1906
511,000 Aug 1 1926
-The old Fresno City By. (which the Fresno Traction operates
ROAD.
($1,000), gold
c*1Int. at Citizens' Sav.&Tr.Co., Clev., Trus. under lease) has 15 miles of track in and about Fresno. Standard gauge,
Bonds.
-Subject to call on or before Aug. 1 1909 at par and int. and on
T rail.
any Int. date thereafter at 105 and int. Unissued bonds are reserved for
OFFICERS.-Pres., A. C. Balch; V.
-P. and Mgr., A. G. Wishon; Sec.,
betterments. No sinking fund.
-V. 76, p. 1192; V. 77, p. 1746; V. 78, p. 1222.
EARNINGS.
-For 12 months ending July 31 1907, gross, $236,126; W. E. Durfey, Fresno.
oper. expenses and taxes, $176,613; net, $59.513.
GADSDEN, ALA.
-Operates 13 , miles of track in Ft. Worth, including lines
)
6
ROAD.
running to Arlington Heights and Rosen Heights. Gauge, 4 ft. 8 in.;
ALABAMA CITY GADSDEN & ATTALLA RY.60-1b.1 and 70-1b. girder rail. Owns and operates electric-lighting plant.
ORGANIZATION.-Incorporated under a special charter from the State
-P., W. A. Allen; Treas., J. F. of Alabama. Operates, besides street railway, a light plant, an ice plant,
OFFICERS.-Pres., Warren Bicknell; V.
-V.83, p. 435, 562; V. 85, and a coal yard.
Harper; Sec. and Gen. Mgr., A. J. Duncan Jr.
p. 530.
Interest. Outstanding. Maturity.
Date.
STOCK AND BONDS$330,000
-A holding company.
Stock $500,000 ($100)_
NORTHERN TEXAS ELECTRIC CO.
5
1906
250,000 Nov. 1 1936
• ORGANIZATION.
-Incorporated in Maine in Dec. 1905 and acquired New mortgage $300,000 gold'Interest at g M-N
Trust Co. of Amer., N. Y., Trust.
($1,000)
$2,499,100 of the $2,500,000 stock of the Northern Texas Traction Co. Is
-The unissued bonds are reserved for further additions at 90%
Bonds.
managed by Stone & Webster of Boston.
bonds are subject to call on any interest date at 105.
Interest. Outstanding.
Date.
Last Div of cost. New
STOCK AND BONDS-Operates 11 miles of track. connecting the points named in the
ROAD.
Common $2,500,000 ($100)
title. Standard gauge, 40-1b. T rail. An extension of 5 miles to Noecalula
2,500,000 Mch '08,3%
M &S
Pref 6% n-c$2,500,000 ($100).
Falls was built, but is not now in operation.
Stock.
-The preferred stock is redeemable at 110.
OFFICERS.-Pres., G. H. Schuler, Birmingham; Sec., R. D. Carver,
-First dividend on preferred, 1 %, paid on March 1 1906 and
Dividends.
-V. 83, p. 817.
Birmingham; Treas., E. T. Schuler, Gadsden.
2% was paid Sept. 11906. In 1907, 6%. In 1908, Ditch., 3%.




44

STREET RAILWAYS

voL. 1,x*xxvr.

-The road extends from Geneva to Cayuga Lake Park through
ROAD.
GALESBURG, ILL.
Waterloo and Seneca Falls. 17 miles; sidings, % mile. Rails 70-lb. girder
-A trolley road.
PEOPLE'S TRACTION CO.
and 60-lb. T. Track standard gauge. Operates 25 motor cars, 8 trail cars,
ORGANIZATION.
-Incorporated in Illinois on May 23 1901.
1 snow plow, 1 sweeper.
EARNINGS.
-For fiscal year ending June 30:
Interest. Outstanding. Maturity.
Date.
STOCK AND BONDSGross.
Net.
Year.
Other Inc. Int.ecTax. Dividends. Surplus.
Stock 5170,000 (5100)
5150,000
$35,460
5 g M-S
$13,911
$22,078
$529
First mortgage $150,000 goldj 1902
150,000 Mch. 1 1922 1906 ___ _590,225
30,324
c*&r. Interest at Farmers' & Mech. Bk., Galesburg. 1905 ____ 83,015
3,398
6,977
20,745
$6,000
($100)
after 10 years at 105. L. A. Townsend Is
-Are subject to c
Bonds.
OFFICERS.-Pres., Jos. Seep, Oil City, Pa.; V.
-P., C. N. Payne, New
trustee.
York; Sec., Treas. and Gen. Mgr., W.C. Gray, Seneca Falls; Supt., Howard
-Operates 123.6 miles of track from Galesburg to Abingdon. Gray, Waterloo.
ROAD.
-V. 80, p. 2344; V. 84, p. 51.
Standard gauge. 60-lb. T rail.
OFFICERS.-Pres., A. P. Higgins; Sec., Chas. S. Harris; Treas., J. L.
Burkhalter; Managing Engineers,Knox Engineering Co., Fisher Building
GIRARDVILLE, PA,
-V.,75, p. 1232.
Chicago.
SCHUYLKILL RAILWAY CO.
ORGANIZATION.
GALVESTON, TEXAS.
-Incorporated in Pennsylvania on July 20 1903 and
purchased the property of the Schuylkill Traction Co. and the Lakeside By.
GALVESTON-HOUSTON ELECTRIC CO.
-A holding company.
Co. V. 80, p 1729.
ORGANIZATION.
-Incorporated in Maine on May 8 1907. Controls
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
through ownership of stock the Galveston Electric Co., the Houston Elec. Stock. $400,000 ($50)$400,000
Co. and the Galveston-Houston Elec. By. Co. The stock of the two former 1st cons mtge, $1,450,000, g1 1005
5 g A-0
540,000
1935
companies is being exchanged for a like amount of this company's stock.
c*J Int. at Fidelity Tr. Co., Phila., Trustee.
($500 and $1,000).
STOCK AND BONDSDate.
-01 the $1:450,000 authorized, $805,000 are reserved to retire
Rate,%. Outstanding.
Bonds.
-Last Div.
Common, $3,000,000 ($100)- the underlying liens in statement below. Are subject to call before 1910
$2,908,700
Pref.,$3,000,000 6% cu ($100)
1,141,700 Sept 16'07,3 at 105; thereafter at par and interest.
Dividends.
-First dividend on preferred-3%-Sept. 1907.
EARNINGS.
-For calendar year 1907, gross, $207,034* operating exEARNINGS.
-01 combined companies for year ending Dec. 31 1907, penses, including taxes and insurance $104,083; net, $102,951; intuest,
grosS,$1,050,893; net,5394,697; interest.5154,028; sinking fund,$31,661 ; 568,500; surplus, $34,451.
dividend (3% on preferred stock), $34,742; surplus, $174,266.
OFFICERS.-Pres. G. H. Gerber, Reading; V.
-P., J. C. Biddle; Sec.,
-Controls 78 miles of track.
ROADS.
Maclienry Wilhelm, Ashland; Treas., D. J. Langton, Shenandoah. V. 80,
p. 1729; V. 82, p. 1157.
Galveston Electric Co.
-A trolley road.
(1)
ORGANIZATION.
-A trolley road.
-Incorporated in Texas on May 1 1905 as successor
(1) Schuylkill Traction Co.
to the Galveston City Ry., control of which had been purcha=ed by interests
ORGANIZATION.
-Chartered Sept. 26 1892, in perpetuity,
the
represented by Stone & Webster of Boston. See V. 80, p. 1971. Does the Motor Traction Act of March 22 1887. Road opened June 1 1893.underJan.
On
entire electric railway and part of the electric lighting business of the city. 6 1893 leased for 999 years the Mahanoy City Shenandoah Girardville &
Franchise cxpLes in 1950. Substantially all tne stock is cwned by the Ashland Street Railway. On Oct. 5 1893 leased for 999 years the Ashland
Galvest-n-f 1
n Eleetrie C
Locustdale & Centralia Elec. By. Owns all the stock of these two roads,
STOCK AND BONDSDate.
Interest. Outstanding. Maturity. which is pledged under the first mortgage. On April 27 1900 leased for 999
Common $1,000,000 ($100)51,000.000
years the Lakeside Ry., which connects the two ends of the company's
Pref 6% n-c $1,000,000 ($100) ____
6 M-S
509,000Sent 3'07 3% routes from Mahanoy City to Shenandoah and purchased 2,600 of the 5,000
,
First mortgage 52,500,0001 1905
5 g M-N
1,000,000 May 1 1940 shares of the capital stock. On Jan. 24 1901 leased the Shenandoah &
• gold ($1,000)
c*;Interest at City Trust Co., Boston, Trustee, Pottsville Street Ry. for 999 years (incorporated Aug. 1 1900), and from
t or at company's agency in New York.
Pottsville to Shenandoah, 13 miles, and bought all its capital stock.
-$150.000 preferred reported outstanding is in treasury Lakeside Shenandoah & Pottsv. stock are pledged under consol. mtge. The
Stock and Bonds.
of company. Of the bonds $1,460,000 reserved for additions and ImproveSTOCK AND BONDS- Miles. Date. Interest. Outstanding. Maturity.
ments at 80% of cost and $40,000 are in the treasury of the company. A
$500,000 April 11043
1893
5 g A-0
sinking fund of 134% of bonds certified begins July 1 1906, If earned, and 1st M,$500,000, g, 5500122
& 51,000, s f $10,000 Interest is paid at Eqult. Tr. Co., Trustee, Phila.
on July 1 1911 becomes a fixed charge. Bonds are subject to call as a whole
y'ly after Apr '98c'J Bonds may be purchased for sinking fund at 105.
on any interest date at 110 and Interest on 30 days'notice. See V.81,p.975.
1st mtge, Lakeside By,) 5
150,000 Nov 1 1923
1893
4 g M-N
-Embraces 32.5 miles of track. Standard gauge. 60-lb rail.
ROAD.
g, $150,000, guar by }Interest at Equitable Trust Co., Philadelphia,
Has 73 cars.
Schuylkill Traction__1 Trustee.
*105,000 July 1 1951
EARNINGS.
1901
-For 12 months ending Dec. 31 1907, gross, $369,168; net, New con mtge, $2,000,-1 __
43% g J-J
000 ($1,000). g_
Interest at Fidelity Trust Co., Phila., Trustee.
$148,156: Interest, $51,231; dividends (6%), $21,000; surplus, 575,925.
*These bonds, It is stated, will be redeemed in the near future.
OFFICERS.-Pres., Guy E. Tripp: 1st V.
-P., Eliot Wadsworth; 2d
Bonds.
-Of the $105,000 consols reported outstanding, $36,000 are held
-P., Wilbur A. Carter; See., Alvah K. Todd; Treas., Henry B. Sawyer;
V.
In the treasury. Bonds are subject to call at any time at 105 and interest.
-V.81, p. 975; V. 85 p. 599.
Gen. Mgrs., Stone & Webster, Boston.
Sinking fund of 1 % of bonds outstanding becomes operative on Aug. 11907.
-Schuylkill Traction Division 223% miles of track, beginning at
ROAD.
(2) Galveston-Houston Electric Ry.-A trolley road.
Locustdale, thence through Ashland,
ORGANIZATION.
-Incorporated in Texas on April 17 1907 with there a Y, one branch running throughHohnesville to Girardville, forming
Lost Creek to
$3,000,000 capital stock ($100), to build an interurban electric railway other branch to Maizeville, Gliberton and Mahanoy Shenandoah and the
City. Lakeside
between Galveston and Houston, a distance of about 50 miles. Surveys vision 534 miles. Total 28 miles. 60 and 70-lb. T rail. Extensions Dihave been made and some preliminary work done. Controlled by Stone & miles proposed and charters obtained. Operates 51 motor cars, 4 of 43
work
Webster of Boston, who also operate the Galveston and Houston local cars and 2 snow sweepers. Extensive improvements have been made.
trolley systems. On May 14 1907 the stockholders authorized an issue of -V. 80. p. 1729.
$5,000,000 bonds for construction purposes. No bonds issued up to Jan.
1908. V 84,p. 1247. Pres.. C. E. Gurney, Portland , Me.
-V.84,p.1052.
1184 1247; V. 85, p. 600, 654.
GRAND RAPIDS, MICH. .
(3) Houston Electric Comoany.-Trolley.
GRAND RAPIDS RY.-Trolley.
ORGANIZATION.
-Chartered at Austin, Tex., on Oct. 26 1901, and is
ORGANIZATION, &e.
-In April 1900 was Incorporated as
successor to the Houston Electric Street Railway Co., sold at foreclosure company to the Consolidated Street By. and the North Park a successor
Street By.,
Oct. 1901. Controls all the street railways in Houston. Franchise origin- and owns all the street railway properties of Grand Rapids and
vicinity.
23 1925, but in Jan. 1903 was extended 10 years; for Franchises expire in 1919, in 1920 and In 1921.
ally ran until Oct.
terms,see V.76, p. 158. In May 1902 stock and bonds listed on the Boston
STOCK
Interest. 0u2, anding mchatur11 %.
$ ts0 o ooo
t0
. M , 8,1
0
Stock Exchange. In Dec. 1905 sold $500,000 new preferred stock to St.jckcom AND BONDS- Date.
$2,000,000 ($100)_ _
stoeitht iders at par. V. 81, p.1795. Substantially all tile stock is cwned Pref
$2,000,000 cum 5%($100) --- Q-F
1,500,000 Feb '08, 134
by the Galveston-Houston Electric Co.
Grand Rap By Co 1st mtge) 1900
5 g .J-D
3,274,000 June 1 1916
Interest. Outstanding. Maturity
Date.
STOCK AND BONDS$3,500,000 gold ($1,000) c*f Interest at New York Trust Co., Trustee.
$2,000,000
Common 52,000,000 (5100)Bonds, &c.
-Of the new mortgage for $3,500,000, $92,000 have been re$1,000,000 ($100) ____
F-A
1,000,000 Aug.'07,3% tired by sinking fund and $134,000 are reserved for
Pref 6% n-c
permanent additions
5 g F-A
2,030,000 Aug. 1 1925 and improvements, and can only be issued for 85% of
First mortgage 52,500,0001 1900
the cost, and only
gold ($1,000) sink fund _ _c*1Int. at International Trust Co., Boston,Trus. "when the net earnings of the company for the preceding
year are equal to,
-5470,000 are reserved for extensions and improvements at 80% or exceed, double the
Bonds.
interest charge on the total amount of bonds outof cost and $35,000 are held in the treasury of the company. Entire issue, standing, including those to be issued." Sinking fund
became operative
but not any part, can be called on and after Aug. 1 1910 at 107M and int.
on Oct. 11005, payable 1 %
bonds out up to Oct. 11910 then 2% up to
Sinking fund of 1M % of bonds outstanding, payable on Aug. 1 each year. 1915 (see V. 70, p. 1149)- of
Bonds cannot be called. See' 72, p. 1187.
V.
by 1. is land II Jan. 1 1908
See V. 14, o. 680: $122.00o
Dividends.-Divldend on preferred stock due Aug. 1904 and Feb. 1905 Bonds are listed on New York Stock Exchange.
Dividends.
-Dividends on preferred stock are cumulative and 1 %
was passed because of strike and boycott; the strike was terminated Oct. 11 ouarterlv nas been regularly paid up to and
,
1904 (V. 79, p. 1704) and dividends were resumed on Aug. 1 1905. when dividend on common-1 %-was paid Sept.including Feb. 1908. The 11, i
11906 and 1 % was again paid
3% was paid. In 1906, 6%; in 1907, Feb., 3%; Aug. 3%.
Dec. 1 11106. In 1007,4%. In 1908, March, 1%.
-Comprises 45.5 miles of track. Standard gauge. 45 to 96-lb.
ROAD.
EARNINGS.
-For calendar years:
rail. Operates 131 cars.
YearNet.
Gross.
Charges.
Bal., Sur.
Pref. Div.
EARNINGS.
-For 12 months ending Dec. 31 1007, gross, $681,724; net,
$488,468
$944,916
(5%)x76,000
00 480
$21311118
$261:009
19%161
5247.052; Interest, $100,037; sinking fund, $31,661; dividends (6%), 1
910,028
462,136
205,460
181,676
(5%) 75,000
1905
$80,000; surplus, 555,354.
820,469
427,890
156,630
196,260
(5 %) 75,000
OFFICERS.-Pres., Guy E. Tripp; V.
760,776
326,334
-P.. Henry G. Bradlee; Sec., 1904
189,345
(5%) 75,000
Alvah K. Todd;Treas., A. Stuart Pratt; Agts., Stone & Webster, Boston.
ROAD.
-Owns and operates 59.324 miles of track. 159 motor cars.
--V. 81, p. 1795; V. 85, p. 600.
OFFICERS.-Pres., Clarence M. Clark, Phila.; V.
-P., Lester J. Rindge,
Grand Rapids; Sec., Treas. and Gen. Mgr., B. S Hanchett, Grand Rapids;
Asst. Sec., C. Ford Stevens, Phila.-V. 78, p. 45, 287, 702; V. 82, p. 1040.
GARDNER, MASS.
1268; V. 83, p. 380, 1228; V 84, p21 1... 49; V 85, p. 40.
. 7
0
GARDNER WESTMINSTER & FITCHBURG STREET RY.-In Dec.
1899 absorbed the Gardner Electric Street By,
GRAND RAPIDS GRAND HAVEN & MUSKEGON RY.-Electric
STOCK AND BONDSDate.
Interest, Outstanding. Maturity. road. Third-rail system.
St lc 185,000 ($100)
$185,000 In 1007, 2"
ORGANIZATION.
-Incorporated in Michigan on March 6 1899 to build
First mortgage (51.000) gold( 1900
5 g F-A
185,000 Aug. 1 1920 an electric road on fenced right of way, connecting the three cities named
lmt.at Mercantile Trust Co., Boston, Trustee In the title, a total distance of 48 miles. The road was entirely completed
c*
-Owns 12 miles of main track from Gardner, through South and put in operation about May 1 1902. Thirty-year franchises in all
ROAD.
Gardner and Westminster to Fitchburg, where connection is made with the towns through which it passes; otherwise private right of way.
Fitchburg & Leominster Street By.; also constructed a branch line to
STOCK AND BONDSInterest. Outstanding. Julyatu1gty
l ,5oco.0o0
M l ri2.
Date.
6
Wachusett Lake, which was opened for traffic on May 26 1900, but is oper- Stock, $1,200,000
$1,200,000
ated as a summer brands only. Total, 16 miles. 20 cars.
1st mtge, $1,500,000 (51,000)1 1901
J
5 g -J
gold
1907, gross, $65,161; net,
EARNINGS.
Int. at Standard Trust Co., N. Y., Trustee.
-For year ending eSpt. 30
c*f
Bonds.
-The Interest on outstanding bonds was guaranteed for 5 years
$21,455; charges, $14,072; surplus, $7,383.
OFFICERS.-Pres., E. F. Blodgett, Leominster; V.
-P., Geo, R. Damon, by the Security Investment Co. of Pittsburgh. See V. 76, p. 479.
ROAD.
-Extends from Grand Rapids in a northwesterly direction to
Leominster; Sec., Treas. and Gen. Counsel, James A. Stiles, Gardner; Asst.
Muskegon, with a branch to Spring Lake and Grand Haven. Connects at
Treas., Walter R. Dame, Clinton.
-V. 69, p. 1247.
Grand Haven with Goodrich Line of steamers for Chicago and Crosby Line
of steamers for Milwaukee. Total track, 48.13 miles; 70-lb. T rail. Operates 19 passenger, 6 express and 1 work car. Also does a freight business.
GENEVA, N. Y.
OFFICERS.-Pres.
-P. and Gen. Mgr.,
GENEVA WATERLOO SENECA FALLS & CAYUGA LAKE TRAC- W. K. Morley, Grand Geo. C. Smith, Pittsburgh; V.
Rapids; Sec. and Asst. Treas., Wallace Franklin,
T JO N.-Trolley.
Detroit: Treas., Carl M. Vail, New York.
-V- 76, p. 479.
In May 1905 control of road changed hands, and it is supposed N. Y.
Cent. Interests are the new owners. See V. 80, p. 2344.
GRAND RAPIDS HOLLAND & CHICAGO RAILWAY.
ORGANIZATION.
-Chartered March 18 1895 as a consolidation
ORGANIZATION.
-Incorporated in Michigan in July 1904 and is a reGeneva & Waterloo and other companies. Owns the Cayuga Lakeof the organization on
Park
Aug. 1 1904 of the Grand Rapids Holland & Lake Michigan
property of.50 acres- V. 60, p. 562.
Rapid By.
V. 79, p. 627. Franchises In city of Holland and village
In Dec. 1906 the RR.Commissioners granted permission to increase stock streets expireSee 1928
in
to 1930; remainder on private rights of way.
from $450,000 to $1,000,000, and to make a new mortgage for 51,000,000.
STOCK AND BONDSDate. . Interest. Outstanding, Maturity.
V. 84, p. 51. Up to latest dates this mortgage had not been exectued.
Pref, 5850,000,6%
5850,000
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity. Common, 5500,000
500,000
Common stock, par $100_____
$350,000
1st mtge, Grand Rapids Holl 1900
5 g F-A
1,500,000 Aug 1 1920
Pref, $100,000 ($100)
100,000 1004-05, 6%
& Lake Mich, $1,500,000,}Int. at American Tr. & Say. Bank, Chicago.
1st mtge, $500,000 ($500 and 1895
4 g A-0
450,00Q April 1 1920
gold ($500 and $1,000)
Trustee, or at Guaranty Trust Co., N. Y.
_
$1,000), gold
c*jInt. at West End Trust Co., Phila., Trustee.
Bonds.
-A sinking fund is provided of $5,000 per annum for first 5 years,
-$50,000 of bonds are unissued. Interest on bonds was formerly
Bonds.
$10,000 per annum for second 5 years, $15,000 yearly for third 5 years and
6%, but in 1000 rate was reduced by consent of bondholders to 4 %.
$25,000 per annum for fourth 5 years. Bonds are not subject to call.




PED.. 1908.]

STREET RAILWAYS.

,15

TRACK -Operates 75 miles of track from Grand Rapids through Holland tal stock and first mtge. bonds of the Riverside & Fort Lee Ferry Co.(owner
to Macatawa and Saugatuck, with steamer connection at Holland for Chic. of the West 130th Street Ferry. These securities are all deposited under
tqe $5,000,000 mtge. Company also leases tile Hudson River Traction
OFFICERS.-Pres., Geo. Hendrie; Sec. and Treas., Strathearn Hendrle. Co., which see below. Franchises perpetual except one for 99 years.
-V.75, p. 1301; V. 78, P. 702, 768; V. 79. p. 627.
Chiefly private right of way.
STOCK AND BONDSInterest. Outstanding. Maturity.
Date.
GREAT FALLS, MON.
Stock,common,$5,000,000
$1,000,000
Stock, pref., $750,000 6% cum
650,000 See below.
GREAT FALLS STREET FM-The property of thls road was sold at 1st mort.$5,000,000 goldl 1900
3,015,000 Mar. 1 1950
4 g M-S
and purchased by John D. Ryan, Pres. Daly
foreclosure in February 1904
c*J Int. at U. S. Mtge.&Tr.Co., N. Y., Trustee.
($1,000i
Bank & Trust Co. In June 1006 the Great Falls eacc. Properties was or-The amount unissued is reserved for extensions and improveBonds.'
ganized with $1,000,000 stock, to consolidate this company with the electric
lighting company. No bonds or other indebtedness. Comprises 1054 miles ments. Bonds can be called on and after March 1 1905 on any interest day
at 105 and interest, upon six weeks' notice. V.80, p. 998.
-V. 82, p. 1437.
of track.
-The first dividend of 5% on pref. stock was paid on
DIVIDENDS.
Fen. 15 11)01. In Feb 1902, 6% was paid and toe same amount y,arly
GREEN BAY, WIS.
thereafter, including Feb. 1908. Dividends are usually declared In scrip,
-Trolley.
payable twelve months subsequently.
GREEN BAY TRACTION CO.
-For calendar year 1907, gross, $482,808; net (after taxes),
EARNINGS.
-Incorporated in Wisconsin in June 1905 and is a
• ORGANIZATION.
consolidation of the Fox River Elec. Ry. & Power Co. and the Knox Con- $179,151; other Income, $25371. Total income, $204,522; interest, $131,831;surplus, $72,691. In 1906,gross, $430,263; net (after taxes), S158,923
struction Co.
.
In 1906 absorbed the Green Bay Gas & Electric Co. although separate other Income, $20,423; total income, $179,346: Interest, $119,251; suiplu,
orgadizAtion Is necessarily maintained. See V. 82, p. 573, 631, and V. 86, $60,1)95.
172, for particulars of that company. Street railway franchise is peroperates 31.33 miles of track from W.130th St., New
ROAD.
-Owns and
p.
petual and exclusive until 1918.
York City (terminal at Edgewater), to Englewood, Hackensack and
Interest. Outstanding. Maturity. Paterson. The Hackensack line was opened on June 21 1900. Extension
STOCK AND BONDS- Date.
to Arcola and Paterson of 5 miles was completed and put in operation April
$1,000,000
Stock, $1,000,000 ($100)_
5 g J-D
725,000 June 10'35 1 1903; the cars of this company operating to Main and Broadway, the
1st mortgage, $1,000,000, gl 1905
bu.lness centre of Paterson, under trackage rights from the Public Service
cf Union Trust Co., Detroit, Trustee.
($1,000)
467,000 May 1 1935 Corporation. During 1902-1903 the property of the Ferry Co. was recon5 g M-N
Green Bay G & 5 1st & reit 1905
$750,000, g ($1,000)..c*JInt. at Wisconsin Tr. Co., MIlw., Trustee. structed, new ferry boat built and new ferrhouse erected. During 1905 new
M,
-The Green Bay Traction Co. bonds are subject to call at 105 cut-off was built, giving double track from Edgewater to Hackensack.
Bonds.
-P.,
-P.. W.H. Clark; 2d V.
until 1925; thereafter at par. The Green Bay Gas & El. bonds are subject
OFFICERS.-Pres., A. Merritt Taylor; 1st V.
from 1910 to 1924 at 105; thereafter at par.
-P., W. N. Barrows; Sec. and
Frank R. oFrd, 115 B'way, N. Y.; 3d V.
to call
Treas., S. C. Stivers; Gen. Mgr., F. W.Bacon. Generaroffices, Edgewater.
-For calendar years:
EARNINGS.
N. J.
-V. 82. p. 510, 1323.
Net.
Gross.
Year.
Operating Expenses.
$32,074
$143,052
1907
S110,978
HUDSON RIVER TRACTION
39,446
134,205
94,759
1906
42,292
1905
78,595
ORGANIZATION.
120,887
-Incorporated in New Jersey on March 22 1902.
Control of stock is owned by the N. J. & Hudson River Ry. & Ferry Co.,
-Owns and operates all lines in the city of Green Bay; also a line
ROAD.
from Green Bay to De Pere City, and branch to Duck Creek, and a line from which leased this company on July 1 1904 until March 1 1950, rental being
Green Bay to West De Pere, Little Rapids, Wrightstown and Kaukanna; net earnings of the lessor company. On Sept. 1 1903 purchased at foreclosure sale the Newark to Hackensack Traction Co. and took possession of
total 40.80 miles. 45 and 78-1b. rail; 28 motor cars; 12 trailers.
the property on Sept. 25. Franchises are perpetual,except one for 50 years.
-P., Geo. W. Knox;
OFFICERS.-Pres., A. M. Murphy, Green Bay; V.
Interest. Outstanding. Maturity.
Date.
STOCK AND BONDSSec., B. L. Parker, Green Bay; Treas., F. E. Murphy; Gen. Mgr., R. M.
$1,000,000
Com.,$1,000,000 ($100)
Howard.
-V. 81, p. 558; V. 82, p. 568.
235,100
Pref.,4% non-c. *500,000
564,000 Mar. 1 1950
5 g M-S
tat mort., $1.000,000, goldl 1952
lint. at U.S. Mort. & Tr. Co., N.Y., Trustee.
($1,000)
GREENSBORO, N. 0.
-Are subject to call on any int. date at 110. No sinking fund.
Bonds.
GREENSBORO ELECTRIC CO.
-For year ending Dec. 31 1907, gross, $92,616; expenses,
EARNINGS.
On May 18 1907 control was purchased by W.T. Van Brunt of New York. $75,659; net, $16,957. In 1906, gross, $83,252; expenses, $69,181; net.
$14,071.
-Incorporated In North Carolina on June 11 1901.
ORGANIZATION.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
-Owns and operates 17.11 miles of track from Hackensack
ROAD.
$250,000
Common, $250,000 ($100)through Hasbrouck Heights, Woodridge and Rutherford to Arlington, where
106,200
Pi, $250,000 ($100) 6% n-cum
through connection to centre of Newark is made over the tracks of the
250,000 June 1 1930 Public Service Corporation. On May 16 1904 opened a new line from
5 g J-D
New mtge, $750,000, goldl 1905
c* Int. at Mercantile Trust Co., N. Y., Trustee Hackensack via Hasbrouck Heights to Passaic, and from Lodi to Passaic,
($500 and $1,0001
400,000 April 1 1027 operated in conjunction with the Public Service Corp. In Aug. 1904 com5 g A-0
1st mtge, $400,000, gold 1902
c Int. at Trust Co. of America, N.Y., Trustee. menced operating to Broad and Market sts., Newark.
($500 and $1,000)
-Of the $750,000 new bonds, $400,000 are reserved to retire prior
Bonds.
-P., H. MacMullen, 115 B'wav,
OFFICERS.-Pres.,C. A. TwIninte; 1st V.
liens and $100,000 for future extensions. They are subject to call on any N. Y.; Sec., W. N. Barrows; Treas. S. C. Stivers; Gen. Mgr., F. W.
int. date at 110 and Int. Of the $400,000 1st 5s, $5,500 were Issued under Bacon. General offices. Edgewater, d. J.
-V. 78, p. 47.
mortgage of 1901.
-For year ending Dec. 31 1907, gross, $150,000; in 1906,
EARNINGS.
gross, $130,309.
HAGERSTOWN, MD.
-Operates about 13;6 miles of track In Greensboro. Including
ROAD.
-A trolley road.
HAGERSTOWN RAILWAY.
extensions to Revolution, White Oak and Lindley Park. Standard gauge.
60-lb. T rails.
93-lb. girder and
-Chartered March 12 1896 in perpetuity. No longer
ORGANIZATION.
-P., I'. A. C. Perrine; Treas., M. D. has city contract, but furnishes commercial electric lighting. Franchises
OFFICERS.-Pres. John Karr; V.
are perpetual.
Barr; Sec., Z. V. Taylor.
_
Interests identified with this company in July 1901 purchased a majority
of the stock and all of the bonds of the Myersville & Catoctin Electric By
GREENVILLE, S. C.
but shortly thereafter directors of the latter made a new lease of the road
to the Frederick & Middletown Railroad, which see on a previous page.
-A trolley road.
GREENVILLE TRACTION CO.
Controls Hagerstown & Northern RR.
ORGANIZATION.
-Incorporated in South Carolina on Sept. 7 1899.
Interest. Outstanding. Maturity.
Date.
STOCK AND BONDSthis company by the Greenville-Carolina Power Co.,
P,wer is supplied to
$200,000
Stock, $100.000 ($50)
for particulars of which see V. 85, p. 224.
200,000 May 1 1916
6 g Q-F
$200,000,1 1896
mortgage,
1st
Interest. Outstanding, Maturity.
STOCK AND BONDS- Date.
J Interest at Eavy Lane to Co., Hagerstown.
gold
$306,000
.
Stock, $500,000 ($100)
-Hagerstown to Williamsport and Funkstown, 13 miles of track.
ROAD.
250,000 Feb 1 1931
1901
5 F-A
1st mtge, $250,000, cur ($1,-1
Under the name of the Hagerstown to Boonsboro By. Co. an extension
OfInterest at Girard Trust Co., Phila., Trustee.
000 and $500)
of 10 miles was built in 1902, Funkstown to Boonsboro. The Hagerstown
-Operates 13 miles of track.
ROAD.
& Boonsboro has $120,000 stock and $120,000 bonds. An extension of 734
-P., J. H. Dawes; Sec. and miles was completed in Dec. 1904 from Boonsboro across South Mountain
OFFICERS.-Pres., Joseph S. Keen Jr.; V.
Asst. Treas., H.Bayard Hodge; Treas., Geo. M. Bunting, all of Philadelphia, to Meyersville, where connection is made with the Frederick & Middletown
Railway, thus completing a through line from Hagerstown to Frederick.
This extension was built by the Hagerstown & Meyersville Ry., which in
GROTON, CONN.
Sept. 1904 made a mortgage for $125,000. Total track, 3034 miles.
OFFICERS.-Pres., Christian W. Lynch; Treas., Wm.Jennings;Sec and
GROTON & STONINGTON STREET RY.-A trolley road.
Supt.. W. 0. Hepperle. V. 84, p. 339.
-Incorporated in Connecticut on Aug. 17 1903.
ORGANIZATION.
-A trolley road.
(1) Hagerstown & Northern RR.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
-Incorporated in Maryland and Pennsylvania in
$400,000 See text.
ORGANIZATION.
Common, $400,000 ($100)200,000 See text.
Feb. 1907 as a consolidation of the Hagerstown & Northern RR. and the
Pref, 6%, $200,000 ($100)
375,000 July 1 1924 Franklin County RR.
5 g J-J
1st mtge, $375,000, gold1 1904
Interest. Outstanding. Maturity.
Date,
STOCK AND BONDSclInterest at International Trust Co., Boston.
($1.000)
$120,000
30,000
Stock,$120,000($50)
Loans and notes payable June 30 1907
1927
120,000
5 g F-A
-No s. I., but bonds are subject to call at any time at 120 and 1st mtge, $120,000, gold 1907
Bonds.
Trustee, Wm. Jennings.
($1,000, $500 and $100)_c*f
is Treasurer of State of Connecticut.
Interest. Trustee
-The new bonds were used to retire all the outstanding bonds
Bonds.
Dividonds.-On pref. In 1905-06, 6%; on common in 1905-06, 3%. On
of the old companies and are secured by deed of trust on all property of the
p.'ef., 1906-07, 7 %.
company. They are subject to call in 1917.
-For year ending June 30 1907: gross, $104,073; net, $52,- consolidated
EARNINGS.
-Operates 10 miles of road from Hagerstown to Shady Grove.
ROAD.
8.)7; fixed charges, $34,182; dividends(7%),$15,000; surplus, $3,715.
Pa.. where connection is made with the Chambersburg Greencastle &
ROAD.
-Operates 203 miles of track from Groton, through Noank, Waynesboro Electric By. 60-lb. T rail. Gauge, 4 ft. 834 In.
West Mystic, Mystic, Stonington and Pawcatuck, to Westerly, R. I. Put
In operation on May 6 1905. Connects by ferry with New London. Standard gauge, 70-1b. T rail. 22 cars.
HAMMOND, IND.
-P. B. F. WillOFFICERS.-Pres. Thos. Hamilton, New London; V.
-A
HAMMOND WHITING & EAST CHICAGO ELECTRIC RAILWAY.
iams, Mystic; Sec., Chas. D. Noyes, Norwch; Treas., Costello Lippitt,
trolley road.
N )rwich: Gen. Mgr., Thomas W. Ryley Mystic -V.80, p. 2344.
expires in 1954.
ORGANIZATION.
-Chartered in 1892. Franchise
Controlled In Interest of South Chicago City Ry. V. 62. p. 86.
GULFPORT, MISS.
Interest. Outstanding. DIvid'nds
Miles. Date.
STOCKSee text.
$510,000
___ 25.7 ____
Q-J
Stock,
GU LFPORT & M I SSISSI PPI COAST TRACT ION CO -6% per annum is being paid.
$1,000,000Dividends.
ORGANIZATION.
-Incorporated In Mississippi in 1905. Purchased
-Owns 25.7 miles of track, extending from State line to Whiting,
ROAD.
the Biloxi Electric Ry. & Power Co. and the Gulfport Development Co. East Chicago and Hammond, and operates in connection with South ChiIn 1907 increased stock from $1,000,000 to $2,000,000.
Madison Ave. In Chicago.
Date.
Interest, Outstanding. Maturity. cago City Ry. to 63d St. and Cameron, Chicago: V.
STOCK AND BONDS-P., D. M. Cummings;
OFFICERS.-Pres., D. F.
$1,000,000
Stock,$2,000,000 ($100)
1,000,000 Sept. 30 '35 Sec. and Treas.,_0. S. Gaither;Gen. Mgrs., A.L. Drum & Co., 125 Monroe
6 g A-0
1st mort., $1,000,000, gold,1 1905
-V. 79, p. 103.
St., Chicago.
Int. at Hibernia Bk. & Tr. Co., N. On.,Trus.
l',000)
1923
200,000
6 g J-J
Bill. El. & P. 1st mtge., old 1903
($100, $500 and $1,000) _ Int. at Hibernia Bk. to Tr. Co., New Orleans.
HARRISBURG, PA.
-The new bonds of 1905 are not subject to call; no sinking fund.
Bonds.
The Biloxi Electric Raliwp.y & Power bonds are subject to call at 106 and int.
CENTRAL PENNSYLVANIA TRAC. CO.
ROAD -Operates 13 miles of track from Gulfport to Biloxi and 7 miles
-Incorporated in Pennsylvania on July 9 1903, and
ORGANIZATION.
from Gulfport to Harborvlew, Miss.; also 2 miles of track in Gulfport and
Harrisburg Traction Co. and subsidiary lines at a guaranteed
Total, 26 miles.
leased the
6 mlles of track in Biloxi.
OFFICERS.-Pres., J. T. Jones, Gulfport; Sec., H. C. Elder; Treas., rental of 6 %. The Harrisburg Traction Co. stockholders were allowed to
E. A. Durham, Sisterville, W. Va.; Auditor, R. E. Powers, 1024 Prudential subscribe for the new stock, share for share; has no bonds. An assessment
of 10% ($5 per share) was called on the stock in Aug. 1905, see V. 81, p.
Bldg., Buffalo, N. Y.; Gen. Mgr. J. A. Jones. V.83, P. 95.
725) and 10% was called In 1907. On Oct. 17 1903 acquired a majority of
the $200,000 stock of the People's Bridge Co. The Linglestown & Blue
Mountain Ry. Co., which Is controlled through stock ownership, was put in
HACKENSACK, N. J.
operation to Linglestown on July 11904. Owns entire stock of the HarrisHUDSON RIVER RV & FERRY CO.
burg & Hummeistown Ry. and guarantees its bonds, p. and I. In 1907 the
NEW JERSEY &
Harris-Incorporated at Trenton, N. J., on Feb. 27 1900 as Dauphin Street Ry. was Incorporated to build a trolley line from1908 for
ORGANIZATION.
County Traction Co. and the Ridgefield and burg to Dauphin. No arrangements had been made;up to/Feb.
a consolidation of tile Bergen
this company.11Franchises areTperpetual.
Teaneck Ry. Co. See V. 70, p. 430. This company owns the entire capi- financing




46

STREET RAILWAYS.

STOCK AND BONDSInterest. Outstanding. Maturity.
Date.
Stock, $2,100,000
$2,100,000(30 %pd.) _Ling. & BI. Mtn, Mtge, 5125,-1 1905
5 A-0
105,000 Apr. 1 1935
000 g.($100 and $500) _ _ __el Int. at Harrisburg Trust Co.. Trustee.
Harr. & Hum. 1st M., $200,-} 1905
434 g M-N
200,000 Apr. 1 1935
000, gu. p. and
Bonds.
-Both issues are guaranteed p. and I. by end. by the Central Penn.
Tr. Co. Of the Ling. & BI. M. bonds, $20,000 are reserved for Penn.
extensions. These bonds are subject to call after 1915 at 105 and interest.
REPORT.
-For fiscal year ending June 30 1907: gross, $711,281; net,
$353,768; rentals, taxes and interest. $221,625; surplus, $132,143 of which
$42,834 was used for betterments.
OFFICERS.-Pres. F. B. Musser; V.
-P., B. F. Myers; Sec. & Treas.,
-V.81, p.725; V. 83, p.491.
W.J. Calder; Supt., F. M. Davis.
HARRISBURG TRACTION.
-A trolley road.
(1)
In June 1903 was leased to the Central Pennsylvania Traction Co.at 6%
on stock. A stock dividend of 5% was paid at that time, Increasing outstanding stock to $2,100,000.
STOCK AND BONDS- Par. Date.
Interest. Outstanding. Last Div.
Harrisburg Traction
stock, $2,500,000
50 ____
6 F-A
$2,100,000 See text.
Citizens' Passenger- ____ 1894
6 g M-N
75,000 May 1
1st M.,$75,000, gold'Int. at Com'wealth Guar. Tr;Co., Harrisburg.1924
Leased to E. Har. Pass. Ry.Harris. City Pass. stk
25
12 J-J 125,000
Lease rent.
Middiet'wn H.&S.stk
50 _ _ _
10 J-J
100,000 Lease
The Traction Co holds in Its treasury $700,000 (all) stock of therent.
Harris. Pass. By. and $235,000 (all) of Citizens stock. V. 60, p. 873.East
DIVIDENDS -The dividends in Feb. and Aug. 1899 aggregating 4%
were paid in stock, the money being used In reducing floating debt.
dend period changed to quarterly, and 1 % paid in cash Oct. 1899. In Divi1900
4 %. Dividends again changed to semi-annual and 2Si % paid Feb. 1901
and 2 % on Aug. 1. In 1902 5 %. In 1903,6%.also scrip dividend of 5%
on Aug. 1. In 1904, 6%. In 1905, 6%. In 1906, 6% In 1907, 6%.
In 1908, Feb., 3%.
ROAD.
-Leases and operates 47 miles of track as follows: East Harrisburg Passenger, 24 miles; Citizens' Passenger,6 miles; Harrisburg City Pass.,
5 miles; Middletown Highspire & Steelton Pass., 12 miles.
OFFICERS.-Pres., Edward Bailey; V.
-P., B. F. Myers; Sec. and Treas.,
W. J. Calder; Supt. and Pur. Agt., F. B. Musser.
-V.77, p. 196.
VALLEY TRACTION CO.
-A trolley road.
Is understood to be controlled by the Cumberland Valley RR.
ORGANIZATION.
-Incorporated in Pennsylvania on Nov. 18 1903 and
controls through ownership and lease the Harrisburg & Mechanicsburg
Electric Railway Co., the White Hill & Mechaniscburg Electric By., the
West Farview & Marysville Electric Ry.,the Fairview & Riverton Pass.By.,
the Carlisle & Mechanisburg•St. By., the Camp Hill & Harrisburg Pass. Ry.,
the Harrisburg & Riverton St. By. and the United Electric Co.
STOCK AND BONDSInterest. Outstanding. Maturity,
Date.
Common,$500,000 ($50)
$500,000
Pt., $500,000,5%n.c.($50)
350,050
1st mtge., $700,000, gold 1903
5 g A-0
555,500 Oct. 1 1933
($100 and $500)
c•JInt. at Farmers' Tr. Co., Carlisle, Pa., Tr.
H. & M. 1st M.,$224,000, g. _ 1894
6 g M-S
144,500 Sept. 1914
Interest is payable at office of trustee, the Harrisburg Trust Co
Bonds.
-Val. Trac. bonds are subject to call after Oct. 1 1908 at 110. A
sinking fund of $5,000 per annum commences Oct. 1 1908.
EARNINGS -For calendar year 1907, gross, $247,525: net, $83,433;
taxes and charges. 575.327:surplus, $8,106.
ROAD.
-Operates 40 miles of track from Harrisburg to Fairview, Marysville, Riverton, New Cumberland, White Hill, Camp Hill, Shiremanstown,
Mechanicsburg,•Bolling Springs and Carlisle. Gauge,5 ft. 2 In.; 50 and 100.
lb. girder and T-rail.
OFFICERS.-Pres., M. C. Kennedy, Chambersburg; Sec.-Treas„ W. L
Ritchey, Chambersburg: Supt., C. H. Bishop. V. 78, p. 1393.

[VOL. LXXXVr.

EARNINGS.
-For fiscal year ending Sept. 30 1907, gross, 5106,392; net,
$42,4:33; Interest and taxes, 819,861; dividends, $12,000* surplus, $10,572.
OFFICERS.-Pres., Jas. F. Shaw, Boston; Treas., G. A. Butman, 8
Congress Street, Boston; Supt.. 0. F. Files, Newburyport. Office, 33
Market Square, Newburyport.-V. 72, p. 44.

.

HAZLETON, PA.

WILKES-BARRE & HAZLETON RR.
ORGANIZATION.
-Incorporated in New Jersey May 1901, and acquired
the entire ($1,500,000) capital stock and ($1,500,000) bonds of the WilkesBarre & Hazleton Railway Co. (Pennsylvania incorporation) and deposited
the same, together with $140,000 (entire issue) of the Lehigh Traction Co.'s
5% certificates of Indebtedness and 5922,200 of the stock of $1,000,000 of
the Lehigh Traction Co., as security for the Wilkes-Barre & Hazleton Railroad Co. Issue of first collateral trust mortgage 5% gold bonds. V. 72,
p. 1281. Franchises are 999 years in and around Hazleton and perpetual
from Hazleton to Wilkes-Barre.
Interest. Outstanding. Maturity.
STOCK AND BONDSDate.
Common $2,500,000 ($100)
$2,500,000
Frei 6% non-cum $700,000
200,000
Collateral trust mortgage 52.-f 1901
5 g M-N15 1,000,000 May 15 1951
500,000 gold ($1,000) _c* Int. at Guaranty Trust Co., N. Y., Trustee.
Collateral trust mortgage $1,- 1905
1.200.1100 Oct. 1 1945
5 g A-0
500,000 gold ($1,000) ___c Int. at Guaranty Trust Co., N. Y., Trustee.
Bonds and stock.
-Of the authorized issue of $2.500,000 coll, trust bonds of
1901,$600,000 are reserved to retire all bonds of the Lehigh Traction Co. A
sinking fund of $20,000 per annum, commencing June 1 1908, is to be invested in the collateral trust bonds or in bonds purchasable by savings banks
in New York State. See V.72, p. 1281; V.78, p. 289. The collateral trust
terminal bonds have a sinking fund of $10,000 per annum, commencing in
1910. Bonds can be called beginning April 1 1910 at 110. Preferred stock
can, at option of company, be changed at any time into the bonds of the
company at par, said bonds to bear not less than 5 %,or may be redeemable
at par in cash.
EARNINGS.
-For year ending Dec. 31 1906, gross, $308,536; net,
$165,649.
OFFICERS.-Pres., A. Markle; V.
-P., John B. Price; Treas., N. C.
Yost; Sec., C. J. Kirschner.
-V. 78, p. 289; V.81, p. 560; V. 83, p. 1292.
-A trolley road.
(1) Lehigh Traction Co.
ORGANIZATION.
-Chartered Nov. 7 1892. Franchise perpetual.
Owns, controls and leases for 999 years at an annual rental of $1 each the
Hazleton & Suburban Electric By., capital $30,000; Hazleton & South
Side Electric Ry., capital $75,000; Hazleton & North Side Electric By..
capital $75,000. The $140,000 certificates of indebtedness and $922,200
of Lehigh Traction stock are deposited as security for the Wilkes-Barre &
Hazleton RR. bonds.
STOCK AND BONDSInterest. Outstanding. Maturity.
Date.
Stock $1,000,000 ($100)
$1,000,000
First mortgage $500,000 gold' 1893
5 g J-D
500,000 June 1 1923
($100, $500, $1,000)____cs1Markle Bkg. & Tr. Co., Hazleton, Trustee.
Certificates of Indebtedness_
140,000
Car barn bonds, $25,000
5 g M-S
1895
25,000
1925
Hazle Park bonds. $60,000_ 1895
30,000
5 g A-0
1925
ROAD.
-Operates 22 miles of track, new 58-1b. steel Trails, oak ties, well
ballasted. Road extends from Hazleton to West Hazleton, to Yorktown
(connecting with Pennsylvania RR. and Lehigh Valley RR.), to McAdoo
(south) and Milnesville, Latimer Mines and Freeland (north).
OFFICERS.-Pres., A. Markle; V.- P., W. H. Lawall; Sec., C. J.
Kirschner; Treas., N. C. Yost; Gen. Mgr., A. Markle; Supt., C. B. Houck.
-V. 64, p. 232: V. 66, p. 233: V. 72, p. 1279.
(2) Wilkes-Barre te Hazleton Ry.-A trolley, steam and third-rail road.
ORGANIZATION.
-Chartered Dec. 13 1899 under General Railroad Law
Act of April 4 1868, State of Pennsylvania. The Wilkes-Barre & Hazleton
RR. owns the entire stock and bonds.
STOCK AND BONDSInterest. Outstanding. Maturity.
Date.
Stock $1,500,000 full paid_ _ _ _ ____
$1,500,000
First mortgage $1,500,0001 1901
1,500,000 May 1 1951
5 g M-N
gold
1Interest at Guaranty Trust Co., N. Y., Trust.
HARTFORD, CONN.
ROAD.
-Owns 27 miles of road from Hazleton to Wilkes-Barre, and uses
for terminals 1 mile Lehigh Traction Co. track at Hazleton and 2 miles
-Trolley.
FARMINGTON STREET RAILWAY.
W. B. & W.V. T. Co. track
30 miles. Commenced
ORGANIZATION.
-This is the Hartford & West Hartford Horse RR., partial onerations on Jan. at Wilkes-Barre; total,1903. A new terminal
May 1
sold in foreclosure Aug. 1 1899. New company organized and began busi- was e,,nstriieted in 1907. 12, remainder on
Rails, 95 lbs.
ness on Oct. 19 1899. Old bondholders received stock In exchange for their
OFFICERS.-Pres., A. Markle; V.
-P., C. B. Houck; Treas., N. C. Yost;
bonds.
Sec., D. T. Evans; Gen. Mgr., A. Markle; Comp., C. J. Kirschner; Supt. of
STOCK AND BONDSPar.
Interest. Outstanding, Maturity. Transportation, A. F. Harger.
Stock, $189,000
$100
$189,000 (5-6 pd)
Debentures
1904
5 J-J
30,000 july 1 1924
HELENA, 1VION.
Loans and notes payable June 30 1907
38,500
-Trolley, electric light an
THE HELENA LIGHT & RAILWAY CO.
-Operates 15.1 miles of track laid with 70-lb. T rails, 10.8 miles
ROAD.
of which It owns and upon4.3 miles of which It has trackage rights. Stand- power, gas light and fuel.'
ard gauge. 22 cars.
Connecticut in Sept. 1905 as suc-Incorporated in
ORGANIZATION.
REPORT.
-Year to June 30 1907: gross, $62,342; net,$5,335. In 1906, cessor to the Helena Light & Traction Co. V. 81, p. 1043. Controls the
gross, $56,220; net, $2,804.
Helena Gas Light & Coke Co.; comprises the city's entire street railways
Franchises expire April 4 1926.
and gas and electric-light plants.
OFFICERS.-Pres. and Treas., E. D. Robbins, Wethersfield; V.
-P.,
Interest. Outstanding. Maturity.
Date.
STOCK AND BONDSD. Newton Barney, Farmington; Sec. and Gen. Mgr., C. E. Hubbard,
$561,000 Nov.'07, 1 %
Common $900,000
Hartford.
-V. 69, p. 283.
Q-J 31
374,000
See text.
Preferred $600,000 5% cum__ _
850,000
5 g 51-S
Sept. 1 1925
First mortgage $1,500,0001 1905
HAVERHILL, MASS.
es)Int. at Knickerbocker Tr. Co., N. Y., Trust.
gold ($1,000)
Bonds.
-The new bonds of 1905 are subject to call at 105 and interest on
mERRimAc VALLEY ELECTRIC CO.
-A holding company.
or after Sept. 11010,$650,000 are reserved for extensions and improvements,
ORGANIZATION.
-Organized in Feb. 1907 to hold the securities of the of which $500,000 may be issued only for 85% of cost. A sinking fund
Citizens' Electric Street By., Haverhill & Amesbury Street Ry„ Salisbury of 1 % per annum of bonds outstanding commneces June 1 1008, which
Land & Improvement Co. and Salisbury Beach Improvement Co.
will be increased to 2J. % per annum June 1 1918; said fund to be used in
STOCK.Interest. Outstanding. Maturity. retirement of bonds at not higher than 105 and interest. See V. 81, n• 1550.
Date.
Common $1,000,0000100)_
Dividends.
-Five per cent per annum in quarterly installments is being
Pref 5% cum $825,000 ($100)$825,000
paid on pref. stock. First dividend on common, 1 %, paid Oct. 31 1006.
REPORT.
-For year ending Sept. 30 1906 of operating companies.
In 1907, Jan, 31, 1 %; Aug. 1, 1 %; Nov. 1,1%.
Gross earnings street rys___$234,14511nterest on $500,000 5% b ds 25, 0
EARNINGS.
-For 12 months ending Dec 311007, gross, $267,774; net,
00
$99 398; fixed charges, $42,500, sink. fund, $7,437; surplus, $49,461.
Net over taxes ($9,466)
82,995 Bal. sur. from street rys
Net from Salisbury Beach companies
54,9 0
7 605
9
ROAD.
-Operates 17 miles of track.
York; -P., M. H. Gerry Jr..
OFFICERS.-Pres., P. G.
Total net earnings from combined properties for year
$62,595 Helena; Sec., H. S. Collette,Gossler, NewTreas., V.
Geo. W. Bunnell New
New York;
Estimated net for year ending Sept. 30 1907, $72,000: dividend on pre
York; Asst. Sec. and Asst. Tress., A. B. Sibley; Auditor, W. T. Pendleton.
ferred shares. $41,250; balance. $30,750, surplus for common stock.
OFFICERS.-Pres., .Tames F. Shaw; Treas., George A. Butman.-V -V.81, p. 777, 889, 1043, 1550; V. 83, p 1037.
84, p. 450.
HENDERSON, KY.
(1) Haverhill & Amesbvry Street Ry.-Trolley road.
-A trolley road.
HENDERSON TRACTION.
Interest. Outstanding. Maturity.
Date.
STOCK AND BONDS-Incorporated in Kentucky Feb. 22 1907 as a sue
ORGANIZATION.
Stock $250,000 (par $100)See text
_
9
$1504:000000 JulyOet '9719%
. 1 ,311
cessor to the Henderson City By., sold at foreclosure on Feb. 18 1907.
Black Rock & Salisbury Bch 1891
5 g J-J
first mortgage, gold
Interest at International Trust Co., Boston. The old railway had a 30-year franchise granted in Oct. 1886, and also
Haverhill & Amesbury consol 1892
5 g J•J
196,000 July 1 1912 trolled the Henderson Ferry Co., which has since been sold. V.84, p. 508.
Interest. Outstanding, Maturity.
Date.
STOCK AND BONDSmtge $290,000 g ($1,000)c* Interest at American Trust Co., Boston,T911
0,0
on, 1rus
1
. Stock
$150,000
5150,000 ($100)Debenture notes
6 J-D
1896
Dec.
5gA-0
First mortgage, $150,0001 1907
105,000 Apr.15 1927
Interest at American Trust Co., Boston.
($1.000,$500,$100) gold_ _lInt. at Ohio Bkg. & Trust Co., Henderson,Tr.
"Current labil', Sept. 30 1907
317,128
Bonds.
-Of the 1907 mortgage,the $105,000 bonds outstanding were used
DIVIDENDS.
-None since Oct. 1897
to purchase the Henderson City Traction. The remaining $45,000 are
ROAD.
-Has 28 miles of track, Including sidings, &c. 65 cars.
reserved for extensions and Improvements. They are subject to call on
ANNUAL REPORT.
-For years ending Sept. 30 earnings have been:
Net. Int.,taxes,ctc. Bal.,Sur April 15 1912, 1917 and 1922 at 105. No sinking fund.
ss
2
1o83
1G2r . .
1906-07
.1.7.56o
ROAD.-Overates 6 miles of street railway.
$37,806
$9:053
•
5 734
OFFICERS --• Pres.. Chas. A. If insob; V -I'., It. P. Barrett; Sec. and
19(15-06
47.664
.42,631
123,562
OFFICERS..-Pres., E. P. Shaw, Newburyport, Mass.; Sec. and Treas., Treas., Chas. E. Dallam.-V. 83, p. 380; V. 84, p. 339, 1428.
Geo. A. Butman. Office, 8 Congress St., Boston.
-V. 68, p. 672; V. 84,
p. 450.
HOLYOKE, MASS.
(2) Citizens' Electric Street Ry.-Trolley.
-Trolley.
HOLYOKE STREET RAILWAY.
ORGANIZATION.
-Incorporated in April 1899 and purchased franchises
ORGANIZATION.
-Leases the Mt. Tom (incline) RR. until June 1 1922
and property of the Newburyport & Amesbury RR. and Plum Island Street
at 6% per annum on the $100,000 stock. In June 1906 issued $100,000
Ry., and reconstructed the property.
STOCK AND BONDSDate.
Interest. Outstanding. Maturity. additional stock at $150 per share, to take up floating debt. V.82, p. 1322.
Stock $240,000 ($100)
$240,000 Dc.28'07,23i % In 1907 issued $60,000 stock for the purchase of the Hampshire Street By.
J-J
First mortgage $230,000 goldj 1900
5 g J-D
223,000
Dec. 1 1920 (previously leased) on a share-for-share basis. V. 85, p. 40. In Aug. 1907
Issued $120,000 additional stock for the purchase of the Amherst & SunderBeacon Trust Co., Boston. Trustee.
land Street By. on a share-for-share basis. V.85 p. 294. The acquisition
Current liablities Sept. 30 '0
59,207
DIVIDENDS.
-For fiscal year ending 1901,8%; 1902, 7%; 1903, 6c," of the latter road gives a through connection from Holyoke to Amherst and
Sunderland.
I:11904, 514 %;in1905, 5%;in 1906, 5%;I:11907, 5%;in 1908,Jan., 2 3
,
On Dec. 24 1907
-Owns about 18 miles of track in Newburyport. Including lines stock to provide for Mass RR. Commission authorized $93,600 additional
ROAD.
payment of outstanding bonds of Amherst & Sunderto Haverhill, Amesbury and Plum Island. Operates 35 cars
and Street Ry. V.86, p. 52. Included in total outstanding given below.




STREET RAILWAYS.

FEB., 1908.1

STOCKDate
Iterest. Outstanding. MaturityAtc•
8
Stock, $1,073,600 ($100)---- --- J...1
31,073.600 Jan '08,4%
Deb bonds ($500, $1,000)__c* 1895
5 A-0
250,000 April 1 1915
Deb bonds ($500, $1,000)_c* 1899
5 A,0
85,000 Oct. 1 1920
Debenture bonds
1903
5 A-0
265,000 April 1 1923
Leased line rental Mt Tom RR}
0
stock 87
6
100,000
Current liabilities Sept 30 1907
75,862
Interest on all bonds payable at Holyoke National Bank.
-In 1892 to Jan. 1008 Incusive, 8% yearly.
Dividends.
-Has 68.7 miles of track, including Mt. Tom (incline) RR.,
ROAD.
4,900 feet long, and connecting with the Woronoco Street Ry. to Westfield,
Mass. Passenger cars, 120; other servce cars, 26; snow-plows, 10; other
vehicles, 8; electric motors, 265.
EARNINGS.
-Years ending Sept. 30 (1907 figures include 2 months
earnings of Amherst & Sunderland Street By):
1907.
1906.
1906.
1007.
Gross earnings__ _$480,779 $446,921 Divs. paid (8%).. _ _$64,000 $60,000
180,453 165,746 Balance for year_sur.8.479 sur.9,072
Net
Interest,taxes, &c 107,974
96,674
Balance for divs_ _ 72,470
69,072
Sum. Sept. 30_ _598,226 $80,747
OFFICERS.-Pres., Gen. Mgr. and Pur. Agt., Wm.S. Loomis; Sec. and
Treas., Louis D. Pellissier; Supt., G. H. Hunter, all of Holyoke.
-V. 76,
p. 212. 705; V. 80, p. 650; V. 82, p. 1268, 1322; V. 84, p. 603, 931; V. 85,
p. 40, 284; V. 86, p. 52.
-

HOT SPRINGS, ARK.
HOT SPRINGS STREET RAILROAD.
-Trolley.
ORGANIZATION.
-Chartered in 1894; successor to Hot Springs Electric
Street Ry.
STOCK AND BONDSDate.
Interest. Outstanding. Maturity
Stock
$100,000
First mortgage gold ($250,000) 1894
6 g J-D
200,000 June 11024
Louis-Union Trust
St.
St. Louis, Mo., Trustee.
ROAD.
-Operates 12 miles of track.
Co..
OFFICERS.-Pres., S. W. Fordyce; V.
-P., H. E. Martin; See. and
Treas., J. R. Mosby.

HOUGHTON, MICH.
THE HOUGHTON COUNTY STREET RY.-Trolley road.
ORGANIZATION.
--Incorporated In 1899. Does an electric railway
business in Houghton County. Franchises In public streets expire In 1930
and 1933. Private right (.t way perpetual.
STOCK AND BONDSDate.
Interest. Outstanding. Maturity.
Stock $750,000 ($100)$750,000
Pref $500,000 ($100) 6% n-c__
6 A-0
204,200 Oct.'07, 3%
First mortgage $750,000 goldj 1900
5 g J-J
750,000 July 1 1920
($1,000)
cslInt. at Boston Safe Dep. & Tr. Co., Trustee.
Notes payable June 1907 ____
166,000
Bonds.
-Whole issue or any part can be called on or after July 2 1905
at 105 and interest. Preferred stock can be redeemed at 110.
REPORT.
-For year ending Dec. 31 1907,gross, $249,019; net, $94,001;
interest, $47,449; dividends (6%), $12,000; surplus, $34,552.
ROAD.
-Owns 27 miles of track, Including lines fromHoughton to Hancock and from Hancock to Laurlum, Red Jacket, Wolverine, Lake Linden
and Tamarack City; 35 cars, 60, 70 and 85-1b. rails; standard gauge.
-P., H. G. BradOFFICERS.-Pres.,F.J. Bawden, Houghton, Mich.; V.
lee, Boston; Treas., Henry B. Sawyer, Boston; Acting Asst. Treas., R. E,
Bawden; Sec., Alvah K. Todd; Mgr., W. H. McGrath; Gen. Mgrs. and
-V.82, p. 692.
Trans. Agts., Stone & Webster, Boston.

HUDSON, N. Y.
-Third rail.
ALBANY & HUDSON RAILROAD CO.
ORGANIZATION.
-Incorporated in New York on March 12 1903, and Is
successor to the Albany & Hudson Railway & Power Co., sold under foreclosure on Fob. 11 1903, per plan in V.75, p. 847. Franchises are perpetual.
STOCK AND BONDSDate,
Interest. Outstanding. Maturity.
Corn.,$1000,000($100)
$750,000
Pref., 54I, cum. after 1008,
$1,000,000 ($100)
1,000,000 '
I
5 g M-S
1,750,000 Mar. 1 1943
1st mort., $2,000,000. gold 1903
c*JInt. at Trust Co. of America, N. Y.. Trustee.
($1,000)
-Interest was 4% until March 1 1906 but is now 5 %. No sinkBonds.
ing fund and bonds cannot be called. Sec V. 75, p. 847.
ROAD.
-Operated by third-rail system from Hudson via Rennselaer to
Albany. Comprises 37 miles of main line and 9 miles of sidings, with 2
additional miles of overhead trolley road to Hudson. Total, 48 miles. In
Feb. 1000, made contract giving it privilege to enter Albany over the
tracks of the United Traction of Albany. Operates 30 passenger cars and
14 freight and express cars, and 3 snow plows. Rails 70 and 80-1b. steel,
standard gauge. Supplies light and power along route.
EARNINGS.
-For fiscal year ending June 30 1907* gross, $351,992; net,
$111.235; fixed charges, $107,609; surplus, $3,626.
OFFICERS.-Pres., A. M. Young; 2d V.
-P., Clinton L. Rossiter; Sec.
and Treas., H. G. Runkle, 100 Broadway, N. Y.; Gen. Mgr., R. H. Smith.
-V. 79, p. 680; V. 82, p. 803

HUNTINGTON, W. VA.
-A trolley road.
OHIO VALLEY TRACTION CO.
In July 1906 95% of the stock was purchased by Hon. W. C. Sproul,
Chester, Penn.,Rudulph Ellis, Philadelphia, and W. E. Chilton, of Charleston, W. Va.
ORGANIZATION.
-Incorporated in West Virginia in 1900. In June
1906 we were advised that franchises, such as are not perpetual, then had
from 15 to 40 years to run.
-In Feb. 1908 name was changed from Camden InterChange of Name.
State By. to the Ohio Valley Traction. It Is intended to issue $400,000
preferred stock, which it Is reported will be used to acquire tile Kanawha
Valley Traction Co.
Date.
Interest. Outstanding, Maturity.
STOCK AND BONDS$2,000,000
Stock,$2,000,000 ($100)
1,325,000 Mar 11021
5 g M-S
Cam Inter-State new M, $1,-) 1901
500,000, g ($1,000), no 8 1,}Citizens' Trust & Guaranty Co., Parkersand cannot be called_ _c&r1 burg, Trustee.
5 g M-S
7,000 Mar 1 1929
Cam Inter-State power-housel 1904
bonds ($1.000), $75,000 ganterest at First Nat. Bank, Huntington.
6%M-A27
_
100,000
Cons. LA & By. M.,guar ____
1923
%J-J
Ashl. & Catti. M., guar ......
50,000
1923
Bonds.
-$150,000 of the new bonds are reserved to retire the first of like
amount, and $25,000 are in the company's treasury. Interest on the bonds
is payable at the Union Trust & Deposit Co. of Parkersburg.
EARNINGS.
-For calendar year 1906, gross, $381,283. In 1905, gross,
3334,855.
ROAD.
-Operates 37 miles of track in and between Huntington, W. Va.,
Cattlettsburg and Ashland, Ky., and Ironton, Ohio. Extensions in Ashland and Ironton are contemplated.
OFFICERS.-Pres., Hon. Wm. C. Sproul, Chester, Pa.; V.
-P., W. E.
Chilton, Charleston, W. Va.; Sec. and Treas., Thos. McK. Hays, Huntington; Gen. Mgr., W. W.
Magoon, Huntington.
-V.80, p. 471; V. 83, p. 332,
491.

INDIANAPOLIS, IND.
-A trolley road.
BROAD RIPPLE TRACTION.
ORGANIZATION.
-Organized as successor to the Indianapolis & Broad
Ripple Rapid Transit Co. sold at foreclosure July 1899. The Indianapolis
St. By. owns about 75% of stock, but organization separate. Road is operated both by the Indiana Union Traction Co. and the Indlanapols Traction & Terminal Co.
STOCK AND BONDSDate.
Interest. Outstanding. Maturity.
Stock,$100,000 (par $100)
$100,000
Mtg. gold, $400,000 ($1,000)011899
400,000 July 1 1933
5 g J-J
jInt. at Guar. Tr. & S.D.Co (Phila.), True.
Bonds.
-Are guaranteed p. and I. by Indianapolis St. By. No. s. f., and
bonds cannot be called. The Indiana Nnrthern Tract. Co. also guar. the
principal and interest of half ($200,000) of the bonds and half of the interest
of the remaining $200,000 bonds Until May 1913.




47

ROAD.
-734 miles of track from Indianapolis to Broad Ripple Park.
OFFICERS.-Pres., John B. Warner; Sec., John D. Thomson; Treas.,
E. B. Peck.
-V.69, p. 180; V.73, p.1_37, 183; V.78,0. 1167.
INDIANAPOLIS TRACTION & TERMINAL CO.ORGANIATION.-Ineorporated 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 the Indianapolis Street Railway shareholders as a bonus)
,
to lease the Indianapolis St. By. and to provide terminal facilities for all
interurban electric roads now entering or yet to enter Indianapolis. Franchise is for 31 years, under the terms of which the company is to pay the
city 4 cents per car for the first 11 years, 6 cents for the next 10 years and 9
cents for the remaining 10 years. On Dec. 29 1902 leased for 31 years the
Indianapolis Street By. V. 75, p. 1301. Widener-Elkins syndicate is
understood to be in control.
Interurban railways enter the city under agreements by which they pay
3 cents per passenger for all passengers carried in the city limits and an
additional 1 cent for those using the terminal station. V.81, p. 264.
STOCK AND BONDSDate.
Interest, Outstanding. Maturity.
Stock, $5,000,000 _ _________
$5,000 000
1st mort., $5,000,000, goldl 1903
5 g A-0
3,750,000 Jan. 1 1933
($1,000), s. f
Of Int. at Guaranty Tr. &S. D.Co., Phila., Tr.
Bonds.
-$1,250,000 are reserved for extensions and betterments. A
sinking fund provides for the payment annually of 1 1-5 % of bonds out,
standing, including those in the sinking fund. See V. 76, pp. 1085. Bonds
may be drawn for sink, fund after Jan. 1 1008 at 102% and interest and are
subject to call at that price after Jan. 11908. See V. 81, p. 264.
ROAD, &c.
-In addition to 138 miles of Indianapolis Street By.. has
completed 11 miles of new double track, together with interurban passenger
stations and two freight depots.
EARNINGS.
-For calendar years:
Year.
Gross.
Charges. Sink.Fund Surplus.
Net.
1906 __
$1,424,468
$2,508,283
$1,151,802
$272,688
1905 __
2,207,5781,289,340
1,010,343
$62,686
216,331
OFFICERS.-Pres , Hugh J. McGowan; V.-P., & Gen. Mgr., Robt. I.
Todd; V.
-P., E. B. Peck; V.
-P., John J. Appel; Sec. & Treas., W. F. Milholland. V. 81, p. 284; V. 82, p. 627; V. 83, p. 1411.
(1) Indianapolis Street Ry.-A trolley system.
ORGANIZATION.
-Incorporated in Indiana March 7 1899. After
acquiring the Citizens' Street RR. of Indianapolis and the City Railroad,
made a contract with the City of Indianapolis agreeing to surrender the
rights and franchises of both companies and accept a new franchise running
only thirty-four years. The contract also provides that cash fares are not
to exceed 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 Supplement of Nov. 1898, and
V. 84, p. 842, 1180; V. 65, p. 51, 181, 1172.
Guarantees the ($400,000) bonds of Broad Ripple Traction Co.. and owns
75% of its stock.
Lease.
-On Dec. 29 1902 was leased to the Indianapolis Traction & Terminal Co. for 31 years. See V.75, p. 1301. Lease provides for dividend of
1 % Jan. 1 1003, then 3% in semi-annual installments for first year, 4% for
second year, 5% for third year and 6% after July 1906. As part consideration for lease, Indianapolis St. BR. shareholders were given $1.500,000
Ind. Trac. & Term. stock.
STOCK AND BONDSDate.
Interest. Outstanding. Maturity&c
Capital stock ($100)
$5,000,000 Jan '08, 3%
J-J
Indianapolis St. By. gen.) 1899
4 g J-J
6,000,000 Jan. 1 1933
M.
$6,000,000,
gold linterest at Guar. Trust & Safe Deposit Co.,
cJ
Phila., Trustee.
($1,000), guar
Citizens' St. By. 1st M..1 1893
5 g M-N
4,000,000 May 1 1933
c.f Central Trust Co., New York, Trustee.
$4,000,000 gold
Interest on Citizens' consols at Fourth Street Nat. Bank, Philadelphia.
The mortgage of 1899 was for $7,000,000, but $1,000,000 has been canceled. No bonds reserved for the Citizens' consols. The company binds
itself to pay to the Indiana Trust Co. a sum annually sufficient to redeem
at maturity the greater part of the entire issue of Indianapolis Street By.
bonds; this provision is guaranteed by the Indianapolis Traction & Terminal
Co. See V. 76, p. 542.
Stock and bonds listed on Phila Stock Exchange. V. 89, p. 851.
ROAD.
-Operates 136 miles of track, with 350 cars. 90-1b. rail.
OFFICERS.-Pres., George Brown, Indianapolis; 1st V.
-P., J. A.
Lemcke; 2d V.
-P., Joseph S. Neff, Philadelphia; Sec. and Treas., Henry
Jameson; Asst. Sec. and Asst. Treas., C. E. Morgan 3d, Philadelphia. V.
76, p. 48. 342, 593, 1085; V. 79, p. 151.
INDIANAPOLIS COLUMBUS & SOUTHERN TRACTION CO.
-A
trolley road.
ORGANIZATION.
-Formerly the Indianapolis Greenwood do Franklin
RR., which company was Incorporated in Indiana in 1895. Name changed
as above in Jan. 1903. Chandler Bros. & Co. of Philadelphia underwrote
the $635,000 of bonds outstanding.
STOCK AN
te
tstanding. Maturity.
Stock,$635,000------------ --------------$930,000
1st mortgage, $1,000,0001 1903
5 g F-A
650,000 Feb. 1 1923
V'lint. at Trust Co. of N. Amer., Phila., Trims.
gold ($1,000)
-Cannot be called. $350,000 are reserved for extensions and ImBonds.
provements at not exceeding $15,000 per mile. See V. 76, p. 654; V. 82.
p 1212.
-For year ending Dec. 31 1907, gross, $265,883; net, after
EARNINGS.
taxes, $107,550; interest, $31,750; surplus, $75,800. In 1906, gross, $240,034; net, $93,084.
-Operates 58 mules of track between Indianapolis. Franklin and
ROAD.
Columbus and Seymour; also 3.44 miles over tracks of Ind. Tract. & Ter
Co. Standard gauge,80-lb. Trail. Mostly private right of way. The extenson to Seymour, 20 miles, was completed Oct. 1907. It connects with
Indianapolis & Louisville Traction Co., thus forming a through line from
Indianapolis to Louisville.
OFFICERS.-Pres.,Jos. I. Irwin:V.-P.. Wm.G. Irwin; Sec. and Treas..
Ira E. Guthrie; Gen. Mgr., A. A. Anderson, all of Columbus, Ind.
-V. 77,
p. 823; V. 78, p. 1446; V. 82, p. 928, 1212; V.86, p. 421.
Ma'alftwel
ammlml.ols

TERRE HAUTE INDIANAPOLIS & EASTERN TRACTION.
-(See
Map on page 48.)
ORGANIZATION.
-Incorporated in Indiana on March 23 1907 to take
over the various Indiana properties controlled by the Schoepf-McGowan syndicate.
On March 25 1907 leased the Terre Haute Traction & Light Co. for 999
years (see terms under that company below), and in April 1907 leased for
999 years the Indianapolis & Northwestern Traction and the Indianapolis &
Martinsville Rapid Transit (see terms under respective companies).
The Indianapolis & Western Traction, the Indianapolis & Eastern By,,
the Indianapolis Coal Traction and the Richmond Street & Interurban By.
Co. are owned outright.
STOCK AND BONDSDate.
Interest. Outstanding. Maturity.
$8,000,000
Common stock, $12,500,000_
Preferred stock, $12,500,000_
8,000,000
j 1907
5,500,000 April 1 1932
5 g A-0
1st mtge,$10,000,000
1Fidelity Trust Co., Philadelphia, Trustee.
-Of the 1st mtge, $1,000,000 is reserved to retire all outstanding
Bonds.
bonds of Indianapolis & Eastern Ry. and Indianapolis & Greenfield.
-Controls about 450 miles of track.
-V.84, p. 572, 750,869,997.
ROAD.
OFFICIALS.-Pres., Robert I. Todd; Treas., Jos. A. McGowan; Sec.,
W. F. Milholland.
Directors.
-Hugh J. McGowan, W. Kesley Schoepf, Randall Morgan,
Robt. I. Todd, J. J. Appel, Jos. A. McGowan and E. B. Peck.
(1) Indianapolis & Eastern Ry.-Trolley.
ORGANIZATION.
-Organized in 1902 under the laws of Indiana as a
consolidation of the Indianapolis do Greenfield Rapid Transit and the Indianapolis & Eastern Traction.
Franchises are for 50 years in Marion and
Wayne counties, perpetual in Hancock and Henry counties and 30 years in
the cities of Greenfield and Knightstown. Entire issues of both common
and preferred stocks are owned by the Terre Haute Indianapolis &
Eastern Traction.

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Terre Haute, Indianapolis i
& Eastern Traction Co.
OF INDIANA.
INDIANAPOLIS COAL TRACTION CO.
INDIANAPOLIS & EASTERN RAILWAY CO.
INDIANAPOLIS & MARTINSVILLE RAPID TRANSIT CO.
INDIANAPOLIS & NORTHWESTERN TRACTION CO.
INDIANAPOLIS & WESTERN RAILWAY CO.
RICHMOND STREET & INTERURBAN RAILWAY CO.
TERRE HAUTE TRACTION & LIGHT CO.

*I.A.XXVI "10A I

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*SAVAVIIVII IaauIs

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FEB., 1908.]

STREET

RAILWAYS

Interest. Outstanding. Maturity.
Date.
STOCK AND BONDS$1,000,000
Corn., $1,000,000 ($100)
165,000
Pt,$200,000 ($100)
700,000 July 1 1927
5 g J-J
1st consol. mtge., 51,000,0001 1902
c* Int. at Mercantile Trust Co., N. Y., or at
($1,000), s. 1.
gold
Central Trust Co., Indianapolis, Trustee.
300,000 Jan. 1 1929
5 g J-J
Ind. & Green. 1st M., $300.4 1899
co{ Int. at Cit. Savings & Trust Co.,Tr., Cleve.,
gold
000 ($1,000),
or at First National Bank, New York City.
-01' the $1,000,000 consols authorized, $300,000 are reserved to
Bonds,
operretire the Indianapolis & Greenfield first 5s. A sinking fund becomes they
ative after 5 years. Fund is to be invested in the company's bonds if
called.
can be bought at not more than 105 and interest. Bonds cannot be
See V. 75, p. 342. On the Ind. & Greenfield bonds, $12,500 is payable
yearly to a sinking fund beginning Oct. 1 1904, with which bonds beginning
with No. 1 are being purchased at 105 and accrued interest; $36,000 have
been so purchased. The $200,000 2d mtge. bonds of 1904 have been canceled and mortgage discharged.
EARNINGS
Surplus.
Net.
Charges.
Years end. Dec. 31: Gross
$270,009
1906
237,591
1905
$48,778
$50,000
217,197
$98,778
1904
-Owns about 60I miles of track, including 50 miles from IndiROAD.
anapolis city line, where it connects with the Indianapolis Street Ry., over
whose track it operates within Indianapolis under a 33-year contract, to
Dublin, where connection is made with the tracks of the Richmond Street
Railway. Also operates a branch of 10 miles from Dunreith to Newcastle,
on private right of way. 70-1b. T rails.
-Nr. 78, P. 229, 2012; V. 80, p. 711; V. 81, p. 975; V. 83, P. 37.

49

-For 12 months ending Dec. 31 1906, gross, $823,162: net,
REPORT.
$354,289; fixed charges, $160,211: surplus, $194,078.
ROAD.
-Operates 86 miles of track in Terre Haute, including lines from
Terre Haute to West Terre Haute, Clinton and Brazil. Ralls,40 to 80 lbs.
-V.83, p 324, 970; V. 84, p. 750.
95 cars.

INDIANAPOLIS CRAWFORDSVILLE & WESTERN TRACTION CO.
An electric road.
Consolidated
-Incorporated in Indiana in 1903 as the
ORGANIZATION.
Traction Co., but name changed in 1906 as above. Built entirely on private
right of way. In cities and towns has 50-year franchises which permit the
carrying of freight, express and mall matter
Interest. Outstanding. Maturity.
Date.
STOCK AND BONDS$1,500,000
.
Stock, $3,000,000 ($100)
1,500,000 May 21 1936
5 g J-J
First mortgage $3,000,000( 1906
c*4 Marion Trust Co., Indianapolis. Trustee.
($1,000) gold
[Interest at Van Norden Trust Co., N. Y.
Bonds and Stock.
-The underwriting agreement dated Feb. 21 1906 provides for the sale at 00% of not exceeding $1,500,000 of the bonds, with an
equal amount of stock as bonus. Bonds subscribed for were not to be sold
,
for less than 95% before July 1 1907. Sinking fund of 35 of 1 % yearly of
bonds that have been outstanding for 5 years becomes operative Oct. 1
1912. All the stock is to be held for 3 years from July 1 1906 by the
Marion Trust Co., the voting of the stock to be directed by A. E. Reynolds
and H. A. Mansfield, or by George P. Haywood and Charles C. Wedding,
alternates. V. 84. p. 1247.
ROAD.
-Proposes to build 87 miles of track between Indianapolis and
the Illinois State Line, 6 miles east of Danville, where connection will be
made with the Illinois Traction Company's system. Section between Indianapolis and Crawfordsville, 45 miles, has been completed and is being
operated. Equipment consists of 6 regular and 2 limited passenger coaches
and 2 express cars, 300 h. p. each. Power house at Crawfordsville, two
-Trolley.
Indianapolis Coal Traction.
(2)
-In April 1907 was sold to the Terre Haute Indianapolis & Eastern 700 k. w. direct connected compound condensing units.
Sold.
749.
-P., A. E. ReyOFFICERS.-Pres., A. F. Ramsey, Crawfordsville; V.
Traction Co., which owns the entire issue of stock. V. 84, p.
Sec., Edward Hawkins; Treas., Oliver P. Hensley;
-Incorporated in 1901 and is successor in 1903 to the nolds, Crawfordsville;
ORGANIZATION.
-V. 84, p. 1247.
M. Hewes.
Indianapolis & Plainfield Electric RR. Co. Will do a large coal-carrying Gen. Mgr., A.
business as well as passenger. Franchises expire in 1053. The $400,000
INDIANAPOLIS NEWCASTLE & TOLEDO ELECTRIC RY.-An elecbonds which were outstanding on this property have been canceled.
tric road.
Interest. Outstanding. Maturity.
Date,
STOCK AND BONDS-Judge IIarvey in the Superior Court at Indianapolis Nov. 8
Receivership.
$2,500,000
Stock, $2,500,000
1907 appointed the Union Trust Co. of Indianapolis receiver onvapplication
-Is to operate 165 miles from Indianapolis, through Plainfield, of the Electric Installation Co. of Chicago, creditor. It is planned to comROAD.
to plete main line of road under the r- celvership during 1908. V. 85, p. 1270.
Greencastle and Terre Haute to Sullivan, with a branch from Greencastle
under
-Incorporated in Indiana on Nov. 23 1904. Has
ORGANIZATION.
Rockville. Is in operation to Plainfield, 14 miles. Remainder is
interurban private right of way 50 to 100 feet wide, and private right of
construction.
waywithin city limits of Indianapolis 150 feetwide to terminal at 10th Street
-An electric road.
(3) Indianapolis & Western Traction Co.
and Massachusetts Avenue.
Interest. Outstanding. Maturity.
Date.
-Incorporated in Indiana in 1905. Entire issues of
STOCK AND BONDSORGANIZATION.
$3,500,000
both common and preferred stock are owned by the Ter.H. Ind. & East.
Stock $3,500,000
Outstanding. Maturity. First mortgage 14,500,000J 1905
See text. July 1 1935
Interest,
Date,
5 g J-J
STOCK AND BONDS$1,250,000
lInterest at Knickerbocker Trust Co., N. y,
Common, $1,250,000
gold ($1,000)
750,000
bonds are being issued as construction progresses.
-The
Fret, $750,000 5%
Bonds.
The $1,500,000 bonds which were outstanding on this road have been
-Proposes to build from Indianapolis to Newcastle, 46 miles:
ROAD.
canceled.
Newcastle to Muncie, 20 miles; Newcastle to Winchester, 28 miles; Newof track between Indianapolis and Danville. castle to Richmond, 26 miles; and Shirley to Anderson, 16 miles. Total,
-Operates 20 miles
ROAD.
&
The cars enter Indianapolis over the tracks of the Indianapolis Railway
140 miles. The lines from Indianapolis to Newcastle and Richmond, 90
Terminal Company. V. 80, p. 1912; V. 83, P. 562; V. 84, p. 570, 749.
miles, are under construction. The Indianapolis-Newcastle trunk line, it Is
expected, will be completed and put in operation in Nov. 1908. Power(4) Richmond Street & Interurban RY.
house will be at Newcastle. Will have 8 passenger cars and 2 expresslcars.
Capital (authorized), $600,000; outstanding, $500,000; all of which is
-P., Chas. S. Hernly, NewOFFICERS.-Pres.. David M. Parry; V.
owned by the Terre Haute Indianapolis & Eastern. All bonds have been castle, Sec., W. E. Stevenson; Treas., Ell Marvin, Frankfort. General
canceled.
office, Traction Terminal Building, Indianapolis. V. 85, p. 1270.
-For year ending Dec. 31 1006, gross, $150,105.
EARNINGS.
-Operates 30 miles of track, Including a line (20 miles) to CamROAD.
INDIANAPOLIS & CINCINNATI TRACTION CO.
with the Indianapolis
bridge City, Dublin and Milton. Connects at Dublinp. 1197; V.84, p. 749.
In July 1906 Chas. L. Henry was appointed receiver, owing to the inabil& Eastern Traction 60-1b. and 70-1b. T rail. V 74,
ity of the company to sell Its bonds. It is proposed to convert part of the
A trolley road.
bonds into preferred stock. A reorganization committee was formed in
(5) Indianapolis & Martinsville Rapid Transit Co.
Indianapolis & July 1906. The receiver was authorized to issue $900,000 6% receiver's
-In April 1007 was leased to the Terre Haute pay the interest certificates due Aug. 1 1907. V. 83, p. 37, 95,272. In July 1907 receiver
Leased.
The latter company will
Eastern Traction for 999 years.
renew above certificates. V. 85, p. 221.
Controls was authorized to N.
Owns the
on the bonds; also $500 per year for organization. V.84, p.749.
ORGANIZATIO -Incorporated in Indiana on Feb. 4 1903
entire issue of stock.
entire common stock of the Indianapolis & Southeastern Traction Co.. which
-Incorporated in Indiana on April 24 1001. Operates It also leases. Private right of way except in cities and towns. County
ORGANIZATION.
franchises perpetual. Franchises in cities and towns are for 50 years, except
on private right of way except in incorporated towns.
Interest. Outstanding. Maturity. n Indianapolis,in which 31 years. Has contract with Indianapolis Traction
Date.
STOCK AND BONDS$750,000
.
& Terminal Co., allowing its cars to enter Indianapolis for 31 years.
$750,000 ($100)
Stock,
750,000 Jan. 1 1932
Interest. Outstanding. Maturity.
Date.
5 g J-J
STOCK AND BONDS1st mtge., $750,000 (51,000)1 1902
$2,000,000
c* & r. Union Trust Co. and Security Tr. Co. of In- Stock $2,000,000 ($100) _
gold
2,000,000 July 1 1933
dianapolis, Trust. Int. at Sec. Tr. Co., Ind. First mortgage $4,000,000J 1903 5 g J-J
colInt. at Farmers' Loan & Tr. Co., N Y., Trust
gold ($1,000)
Bonds -No sinking fund but bonds arc subject to call after 10 years at
-$2,000,000 are reserved for extensions and improvements No.
Bonds.
105 and interest. See V. 78, p. 1223.
subject to call
-For years ending Dec. 31 1906, gross. $147,117; in 1905 sinking funds, and bonds are not
EARNINGS.
-For calendar year 1007, gross, $182,777. In 1906,
EARNINGS.
gross, $127,778.
$115,318.
gross,
-Operates 30 miles of track from Indianapolis to Martinsville,
ROAD.
-Is to operate a double-track road from Indianapolis via RushROAD.
to
completed in May 1903. 70-lb. rails; standard gauge. Extension
ville, Connersville and Hamilton, to Cincinnati. Road Is now in operation
-V. 83, p. 37; V. 84, p. 749.
Bloomington, 20 miles. has been surveyed.
Connersville, 58 miles. Ten passenger cars and 1 express car. Uses the
to
-A trolley road.
single-phase alternating current system. 70-lb. P rails. Power-house for
(6) Indianapolis & Northwestern Traction Co.
operation of all lines Is located at Rushville.
-In April 1007 was leased to the Terre Haute Indianapolis & the
Lease.
OFFICERS.-Pres., Chas. L. Henry; Sec., J. F. Wild: Treas., John J.
Eastern Traction for 099 years. The latter company will pay the interest Appel.
-V. 81. p. 668; V. 83, p. 37, 95, 272; V. 85, p. 221.
fund; also 131 % quarterly, or 5% per annum on
on the bonds and sinking
-'-A trolley road.
(1) Indianapolis & Southeastern Traction.
the;$450,000 preferred stock and $500 per year for organization. V.84,p.869.
Operates a modern
-Organized in 1905 as successor, through exchange of
ORGANIZATION.
-Organized in 1002 In Indiana.
ORGANIZATION.
high-speed interurban railroad, standard-gauge, located upon private right stock, of the Indianapolis Shelbyville & Southeastern Traction Co. Entire
Co.,
Extends northwesterly from
of way outside of the city corporate limits. Lebanon and Frankfort to the common stock is owned by the Indianapolis & Cincinnati Traction diviwhich also leases the road for 999 years and guaranties its bonds,and
the city of Indianapolis through the cities of
of La Fayette, with a branch from Lebanon to Crawfordsville, each of dends on Its preferred stock after Oct. 1 1908, when that stock becomes
city
gross receipts, from which
which cities is the county seat of its respective county. Has trackage cumulative. Rental under lease to be 50% of to
be paid. V. 81, p. 668.
bond Interest, taxes and dividends on stock are
Tights to the business centres of Indianapolis and La Fayette. of
freight, Franchises are perpetual in Marion and Shelby counties and 50 years In
franchises run for 31 to 50 years and permit the carrying
The
Shelbyville. Operates over private right of way with the exception of 3 A
express and mall, as well as passengers.
Entire issue of common stock controlled by the Terre Haute Indianapolis miles. Has 31-year franchise from city of Indianapolis and arrangement
with the Indianapolis Traction & Terminal Co. allowing It entrance into city.
& Eastern Traction.
Interest. Outstanding. Maturity.
Date.
STOCK AND BONDSInterest. Outstanding. Maturity.
Date.
STOCK AND BONDS$600,000
Common $600,000 ($100)
$2,450,000550,000
Common,$2,550,000
600,000 See text.
Pref $600,000 see text ($100) _
Pt,, $450,000,6%,n. c
500,000 July 1 1935
5 g J-J
2,470,000 Mar. 1 1923 First mortgage $1,000,000J 1905
5 g M-S
$3,000,000, gold 1903
1st mtge.,
gold ($1,000) guar
lint, at Farmers' Loan & Tr. Co., N. Y., Tens
at Knickerbocker Tr. Co., N. Y., Trust.
eslint.
($1,000)
500,000 Jan. 1 1932
5 g J-J
1902
-The remaining $530,000 for improvements and additions at 50% Ind Shelbyv & Southeast lstf Int. at Amer. Tr. & Say. Bk., Chicago, Tens.
Bonds.
mtge $500.000 g($1,000) s fl
interest
and 75% of cost. No sinking fund, but bonds can be called on any
Stock.
-Dividends on preferred stock under lease are guaranteed by Indidate at 110 and interest.
anapolis & Cincinnati Traction Co. as follows: Oct. 1 1906, 2%; April 1 1907
-For year ending Dec. 31 1906 gross, $417,621; for year endREPORT.
%; Oct. 1 1907, 154 %; April 1 1908, 2%; Oct. 1 1908, 2%; April 1
interest,
ing Sept. 30 1005, gross, $363,126; net, after taxes, $144,464;
1909 and thereafter, 234 % semi-annually. This stock is redeemable at 103
$123,500; surplus, $20,984.
and accrued dividend on any dividend date. See V. 81, p. 1375.
-01 the $1,000,000 new bonds. $500,000 is reserved for prior liens.
Bonds.
-Operates 92.25 miles of track between Indianapolis, Lebanon,
ROAD.
and interest.
at
Frankfort, Lafayette and Crawfordsville. Standard gauge 70-lb. T-rail. The new bonds are subject to call on any Interest date the105
entire issue may
Operates 20 vestibule and 4 freight cars. Power house and car barn are at Of the Indianapolis Shelbyville & Southeastern bonds, on these bonds of
be called on any interest date at 110. A sinking fund
p. 49; V. 83, p. 37; V. 84, p. 749.
-V.82,
Lebanon.
$10,000 per annum commences Jan. 1 1908, for which bonds can be called
(l) Terre Haute Traction & Light Co.
105. beginning with thelowest number.
-In March 1007 was leased to the Terre Haute Indianapolis & at EARNINGS.
Leased.
-For calendar year 1907, gross, $199,621. In 1906, gross,
Eastern Traction Co.for 09 years. The latter company assumes guarantee $117,443.
years, 3% for
stock and 2% on common for 1
of 6% on $500,000 pref.
ROAD -Operates 47 miles of track, connecting Indianapolis with Shelbythereafter; 1st semi-annual dividend of 1 %
1 year, 4% for 1 year, and 5%
ville and Greensburg. 60-lb. T rails. 10 passenger and 2 express cars.
payable March 31 1908. V. 84, p. 750.
-P., Fred. C. Gardner; Sec.,
OFFICERS.-Pres.. George A. Ball: V.
-Is a consolidation in 1904 of the Terre Haute Elec- John E. Reed; Treas.. J. F. Wild* Gm. Mgr., Chas. L. Henry.
ORGANIZATION.
-V. 77.
railway
tric Co. and the Terre Haute Electric Traction Co. Principal
1874, 2159; V. 81, p. 668. 1373,
franchises expire 1952; principal lighting franchise perpetual; other fran- p. 230,
Jan. 1 1906.
chises average 30 years from
Interest. Outstanding. Maturity.
Date.
STOCK AND BONDSIRONWOOD, MICE.
$2,000,000
Common,$2,000,000 ($100) __
TWIN CITY GENERAL ELECTRIC.
M-S
500,000 Mar '08.3%
Pref., $1,000,000 ($100) 6% cu
Date.
Interest. Outstanding. Maturity.
STOCK AND BONDS1,063,000 May 1 1944
5 g M-N
First cons. mtge., $5,000,000 1904
$400,000
------- ---- Interest at State Street Trust Co. Boston. Stock
gold
5 g A-0
138,000 Oct. 1 1930
1,500,000 July 1 1929 First mortgage. $200,000,1 1900
5 g J-J
Terre Haute Electric 1st mtg. 1899
1 Interest at Milwaukee Trust Co., Trustee.
($1,000)
Int. at Boston Safe Dep.& Tr. Co., Boston.
$1,500,000 gold ($1,000)
-Owns 734 miles of track.
ROAD.
$150,000.
Notes payable June 1907,
-P., E T. Larson:
OFFICERS.-Pres. and Gen. Mgr., E. D. Nelson; V.
-The Union Trust Co. of Indianapolis and the Boston Safe Deposit
Bonds.
Of the Sec. and Treas., H. F. Jahn.
& Trust Co. are joint trustees of the Terre Haute Electric mtg.The new
reserved to retire prior liens.
$5,000,000 consols, $1,500,000 are
sinking
ITHACA, N. Y.
bonds arc callable as a whole at 110 and int. on any int. date. A
fund of 1 % of outstanding bonds commences May 1 1006. $15,000 was
ITHACA STREET RAILWAY Co. of Terre
held by this fund on Jan. 1 1907. The United States Trust of this mtge.
May 1907 A. H. Flint & Co. of New York purchased control of this
In
Haute and the State Street Trust Co. of Boston are trustees
road and will rebuild the entire system in the city. V. 84. p. 1307.
See V. 78, p. 2013.




50

STREET RAILWAYS.

ORGANIZATION -Chartered Nov. 18 1884. Leased the Cayuga
Electric By. In June 1894 for 49 years upon the terms that it shallLake
pay
principal and interest of the leased road's $25,000 first mortgage. Also
g.uarantees that company's $40,000 bonds. In June 1905 the New York
Railroad Commissioners authorized a new mtg. for $750,000 as below.
STOCK AND BONDSDate.
Interest. Outstanding. Maturity.
Stock, $325,000 (par $100)__ _
$325,000 '06-07.536
,
New 1st mtge, $750,000,1 1907
5 g J-J
See text July 1 1957
gold
c• Int. at Carnegie Trust Co., N. Y., Trustee.
First mortgage, $175,000____ 1892
6J-1
175,000 July 1 1922
Int. payable at Farmers L. & Tr. Co., N. Y.
Second mortgage, $75,000.__ 1894
6 J-J
75,000 July 1 1922
Cayuga Lake Elec 1st mtge gu 1894
6 J-D
25,000 June 1 1922
Ithaca & Cay H'hts 1st M guar 1905
5 A-0
40.000 Oct. 1 1935
Bonds.
-The new bonds will be issued from time to time as expenditures
for improvements. &c., warrant. Sufficient has been reserved to retire
prior liens.
ROAD.
-Owns and operates 10.06 miles of track.
tional track Is now being constructed. Rails, 70-lb. 3% miles of addiREPORT.
-For fiscal year ending June 30 1907:
$20,697; other income, $12,525; charges, $22,137;Gross, $101,119; net.
dividends, $17,875;
deficit, $6,790.
OFFICERS.--Pres., Chas. W. McChesney; V.
-P., A. H. Flint; Sec. and
Treas., H. A. Clark.
-V. 72. p. 988; V. 84, p. 1307; V. 85, p. 40.

JACKSON, MISS.

JACKSON ELECTRIC RAILWAY, LIGHT & POWER.
ORGANIZATION.
-Incorporat

ed July 19 1898. Company operates the
street railway, electric light and gas plants at Jackson. Franchises
perpetual.
STOCK AND BONDSInterest. Outstanding. Maturity.
Date.
Stock, $250,000 ($100)_
$250,000
First mortgage, 8250,0005 1899
5 g A-0
250,000 April 1 1929
($1,000), geld
1Int. at Memphis Trust Co., Memphis,
Sinking fund of $1,500 per annum. but bonds cannot be called. Trustee
ROAD.
-Operates 12 miles of track. Gas plant was re-built and a new
power-house erected in 1907.
OFFICERS.-Pres., F. G. Jones: V.
-P., Ben. H. Wells; Sec. and Treas..
S. T. Carnes; Gen. Mgr., Jack Abbott.

JACKSON, TENN.

JACKSON RAILWAY & LIGHT CO.
-

ORGANIZATION.
-Incorporated in Tennessee in July 1906, and is successor to the Jackson & Suburban Street Railroad Co. Franchise expires
in 1937. Also owns a park of 15 acres. Does lighting and power business
in addition to street railway.
STOCK AND BONDSDate.
Interest. Outstanding. Maturity.
Stock $600,000
$600,000
1st mtge, $600,000 (31,000).1 1906
5 g J-J
500,000 Jan 1 1937
clColumbla Trust Co., Louisville, Trustee.
No s f. Red at 105
EARNINGS.
-For calendar year 1907, gross, $68,827; in 1906, $44,821.
-Operates 936 miles of track. 60-1b. rail. Completed a modern
ROAD.
,
power plant in 1907.
OFFICERS.-Pres., Harry Weissinger; V.
-P. and Gen. Mgr., S. S.
Sec. and Treas., L. W. Botts, all of Louisville, Ky.-V. 83, p. 95. Bush;

JACKSONVILLE, FLA.
JACKSONVILLE ELECTRIC CO.
-Trolley.

ORGANIZATION.
-Incorporated in Florida in 1902 and is a consolidation of the Jacksonville Street Ry. Co., the Main Street RR. Co. and the
Jacksonville Electric Light Co.; railway franchise expires in 1932; lighting
franchise expires in 1911. Does practically the entire electric railway and
a portion of electric-lighting business of Jacksonville.
On Jan. 6 1908 purchased at foreclosure sale the North Jacksonville
Railway Town & Improvement Co. for $70,000. See V. 86, p. 421.Street
STOCK AND BONDS- Date.
Interest. Outstanding. FeMaturity.
r8
ot
11
Common,$800,000 ($100)____
F-A
Pf
n-cum, $200,000 ($100) ____
6 F-A
200,000 Feb'08,3%
1st mortgage, $1,250,000, gl 1902
5 g M-N
858,000 May 1 1927
($1,000)
c*jInt. at Amer. Trust Co., Boston, Trustee.
Notes June 30 1907
75,000
Bonds are subject to call as a whole at 105 and interest on any interest
date. A sinking fund of 1 % annually of bonds outstanding commences after
May 1 1907, which may be used either for extensions and improvement
in the purchase of bonds. The preferred stock is redeemable at 120. s or
Ditridends.-The first dividend on preferred of 3% was paid Feb. 1 1903;
and the same amountpaid each six months since then. First div. on common stock (2%) was paid Feb. 1 1905; Aug. 1 1905 (V. 81, p. 211), 3%.
In 1906, 6%. In 1907, 6%. In 1908, Feb., 3%.
EARNINGS.
-For the 12 months ending Dec. 31 1907, gross, $392,393;
net, $136,052; interest, $50,165; improvement fund, $6,171; dividends,
$60,000; surplus, $19,716.
-Operates 32 miles of track, exclusive of the recently acquired
ROAD.
North Jacksonville St. By., Town & Imp. Co., which owned 6.4 miles of
electric railway. Has 62 cars. Rails, 40 to 70 lbs. Gauge, 5 ft.
OFFICERS.-Pres., Geo. J. Baldwin; 1st V.
-P., Charles F. Wallace;
-P., H. G. Bradlee; Treas., Henry B. Sawyer; Sec., Alvah K. Todd;
2d V.
Gen Mgrs. and Transfer Agents, Stone & Webster, Boston.
-V. 81. p.
211; V. 86, p. 421.

[VOL. Lxxxvi.

Bonds.
-Of the new mtge. of 1901, $628,000 is reserved to retire underlying liens. Entire issue may be called at any time at 105 upon 30 days'
notice. See V.73, p. 1313.
Dividends.
-In 1894. July 1, %; in 1895, 12%; 1896, 6%; 1897, 8%;
1898,6%;in 1899.8%;in 1900 (on new stock), 4 %;in 1902, none; in 1903,
2%;In 1904, 2%;in 1905, 2%; in 1906, 3%; in 1907, 3%.
EARNINGS.
-Year ending Dec. 311907, gross, $488,555; net, $225,126;
Interest, $87,585; surplus, $137,541.
-Owns and operates about 33 miles of track, including an extenROAD.
sion from Johnstown to Windber. 11 miles, completed on Jan. 1 1902.
OFFICERS.-Pres.. T. C. Du Pont, Wilmington, Del.; V.
-P., William
R. Thomas, Johnstown; Sec., S. E. Young, Johnstown; Treas., Herman
Baumen, Johnstown.
-V.72, D. 936;V. 73, p. 662, 1313.

JOLIET, ILL.
JOLIET & SOUTHERN TRACTION CO.
-

ORGANIZATION.
-In January 1907 purchased the Joliet Plainfield &
Aurora RR., which it now operates. It is understood that the new
Issue given below will be used chiefly to finance the construction ofbond
new
lines, including those for which the Fisher Construction Co. has the contract. V. 85, p. 722.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
Stock, $1,500,000 ($100)_
$1,500,000
1st mtge, $1,500,000, goll 1907
5 g F-A
322,000
See text.
($500 and $1,000)
c* Int. at Amer. Tr. & Say. Bk., Chic., Trustee.
Jol P & A RR $400,000, gold l. 1903
5 g F-4
400,000 Aug 1 1938
($1,000)
cs&rf Int. at Amer. Tr. & Say. Bk., Chic., Trustee.
BONDS.-lst mtge. bonds mature serially ending 1942.
reserved to retire the Joliet Plainfield & Aurora RR. bonds. $400,000 are
subject to call on any Int. date after 10 years at 105 and Int.; The latter are
a sinking
of 2% of gross earnings begins Aug. 1 1909, but at least $3,000 yearly fund
1909
to 1929; thereafter $4,000 yearly.
EARNINGS.
-01 the Joliet Plainfield & Aurora RR. only for calendar
year 1907, gross, $80,109; in 1906, gross, $82,960; in 1905, gross,
$73,018.
ROAD.
-Operates 26X miles of track between Joliet
Joliet and New Lenox. Forms a connecting link between and Aurora and
Chicago & Joliet
Electric and Aurora Elgin & Chicago RR. Is extending line
from New
Lenox to Blue Island and Chicago Heights. Has long-time
contract
with Chic. & Jolietforuse of terminals at Joliet and gets its power from
company. Has similar contracts for terminals at Aurora. $200,000 that
was
expended in 1907 in constructing independent entrance and
terminal;
60-1b. T rail, standard gauge.
OFFICERS.-Pres., H. A. Eisner; V.
-P., John M Raymond; Sec..
J. K. Newhall; Treas.. L. D. Fisher. V. 85, p. 722, 1005.

BLOOMINGTON PONTIAC 6c JOLIET ELECTRIC RY.-A trolley road.
In 1907 the Fisher syndicate, which controls Inc Joint
tion Co., obtained control and officers elected as below. & Southern TracV. 85, p. 1004.
ORGANIZATION.
-Incorporated in 1903. Private right of way except
in cities, where franchises run 50 years.
STOCK AND BONDSDate.
Interest. Outstanding. Maturity.
Stock, $2,500,000 ($100)$300,000
1st mortgage, $2,500,000,1 1905
5 g MS
370,000 Sept 1 1935
gold ($1,000)
lint. at Amer. Tr. & Say. Bk., Chic.,
Bonds.
-Sub. to call at 105 & int. on any int. date. No sink. Trustee.
fund.
ROAD.
-Has under construction a line to connect the points
named in
the title,_ of which 20 miles, between Pontiac and Dwight. Is in operation.
OFFICERS.-Pres., H. A. Fisher; V.
-P., D. S. Meyers; Treas., L. D.
Fisher; Sec.. John K. Newhall; Gen. Mgr., F. E. Fisher. V. 81,
p. 1375;
V. 85, p. 1004.

KANSAS CITY, MO.
KANSAS CITY RAILWAY 6c LIGHT CO.
-(See map on page 51.)

ORGANIZATION.
-Incorporated in 1903 in New Jersey
quired the entire outstanding capital stock of the Metropolitan and has acStreet
way of Kansas City and the Kansas City Electric Light Co. (Plan Railin V.
76, p. 1143.) Through Metropolitan Street Railway stock, the
Kansas City
Railway & Light Co. acquired the stock of the Central Electric
Co. and practically all of the stock of the Kansas City Elevated Railway
Co.,and, through the stock of the Kansas City Electric Light Railway
Co.,
quired the stock of the Edison Electric Light & Power Co. (of it acCity), the Consolldated Electric Light & Power Co., the Standard Kansas
Llgnt Co. and the Kansas City Electrical Wire Subway Company Electric
of course, in each instance the qualification shares held by -except,
directors,
controls all the street railway, electric-lighting and power
business of
Kansas City.
Owns entire stock of the Kansas City & Westport Belt By.(then
a steam
road, and since converted to electricity),which on June 16 1906
absorbed the
interurban South Side Ry., both having perpetual charters and
being organized under te General Railroad Law of Missouri; also acquired
stock of the Kansas City Heating Co., having a franchise which capital
expiresin
1935. This last distributes steam in the business centre of the city.
Street Railway Franchises.
-The franchises of the railway lines in
City, Mo.. In which city the greater part of system is located, were Kansas
revised
and confirmed in July 1902 and franchises granted for extensions
and valuable trackage rights in newly populated portions of the
delivery distr cts, all of which franchises are operative to theshopping and
uniform date
of June 1 1925. The railway franchises in Kansas City, Kan.,
cently been renewed and authority given to build extensions, allhave reJAMESTOWN, N. Y.
maximum period for which the city had power to grant the same, for the
JAMESTOWN STREET RAILWAY.
-Trolley.
namely
ORGANIZATION.
-Incorporated Oct. 18 1883. Franchise runs till 1982. to Dec. 19 1922. By the terms of the franchises the rate of fare is definitely
STOCK AND BONDStstanding. Maturity. fixed at 5 cents, transfer privileges are provided, and the taxes practically
limited to 8% of the annual gross receipts.
Stock, $250,000 (par $50)---- ----------------$100,000
Electric Light Franchise.
1st mortgage $300,000 goldl 1893
-The franchise of the Kansas City Electric Light
6 g J-J
300,000 Jan 2 1923
($1.000)
c*IInterest payable at Morton Trust Co., Trus. Co. Is perpetual.
Bills payable June 30 1907244,654
STOCK AND BONDSInterest. Outstanding. Mxturttli.
Date.
Open accounts June 30 1907-----Common. 312,500,000 _______
342,859
$9,635,580
.
EARNINGS.
-For year ending June 30 1907, gross, $166,445; net, Pref.. 5%. n. c., $12,500,000. 5 Q-M 9,521,800
$61,668; fixed charges, $33,591; surplus, $28,077.
1st lien refund, M., $20,000,-1 1903 5 g M-N15 9,220.000 Mar'08 1 %
May 15, 1913
ROAD.
-Owns 24.843 miles of track, 55 cars, 2 sweepers.
000. gold
c*&ri New York Trust Co., New York, Trustee.
OFFICERS.-Pres., A. N. Broadhead; V.
-P., L. B. Warner; Sec. and
lint. at Co.'s agency in Kansas City or N. Y.
Treas., S. B. Broadhead; Gen. Mgr., G. E. Maltby, all of Jamestown.
Notes, $5,500,000 ($1,000)___ 1907
4,125.000
6 M-S
Sept 1 1912
Underlying Liens.
CHAUTAUQUA TRACTION CO.
-A trolley road.
Corrigan Con. St. Ry. 1st 1886
5 g J-J
406,000 July 1 1916
ORGANIZATION.
-Incorporated in New York on March 7 1903. Is
M. ($1,000) g., red. at 110 Int. at Central Trust Co., N. Y., Trustee.
controlled by the same interests as the Jamestown Street By.
Met. St. Ry. gen. mort. 1889
1,000,000 Sept. 1 1909
5 g M-S
STOCK AND BONDS- Date.
Interest. Outstanding, Maturity.
($1,000,000), gold
Int. at New Eng. Trust Co., Boston, Trust.
Stock, $500,000 ($100)
$500,000
K. C. Cable 1st M., ext. In} 1887
1,030,000 Apr. 1 1911
5 g A-0
1st mortgage, $600,000, gold) 1904
5 g A-0
159,000
1934
gold, 1897, guar. p. & I., Int. is payable in N. Y. by Blair & Co. and
($1,000)
cjInt. at Title Guar. & Tr. Co., N. Y., Trustee.
ext. In 1901; red, at lovi In Boston by New Eng. Tr..Co.. Trustee.
Bonds.
-$100.000 are reserved for extensions, &c. No sinking fund and
Summit Street M., old 6s) 1887
5 A-0
300,000 Apr. 1
are not subject to call.
ext. In 1897 and again 19 Redeemable at 10236 at any time. 1911
,
EARNINGS.
-For year ending June 30 1907, gross, $95,739; net, $43,1901
423; fixed charges, $16,665; surplus, $26,758.
5 g J-J 10 1,200,000 July 10 1908
ROAD.
-Operates 26.73 miles of track from Lakewood, where connec- Grand Avenue Ry. 1st mort- 1838
gage, gold
c Central Trust Co.. N. Y., Trustee.
tion is made with the Jamestown St. By., to Mayville, there
5 g M-N
4,394.000 May 11010
with the Pennsylvania RR., and to Westfield, N. Y., connecting connecting Metropolitan St. Ry. con. 1895
there
mortgage,
$8,500,000, Not subject to call before maturity.
the Lake Shore & Mich. So. and the N. Y. Chicago & St. Louis By. with
Stangold
_c* Int. at Old Colony Trust, Trustee, Boston.
dard gauge; 80-lb. T rail.
Cent. Elec. By. 1st mon.,1 1899
5 g 3,1.N
2,000,000
OFFICERS.-Pres., A. N. Broadhead; V.
-P., Wm.
$2,500,000 ($1,000) gold, Interest at Trust Co. of.Am.. N. May 1 1914
S. B. Broadhead; Sec., W. R. Reynolds; Mgr., Geo. Broadhead; Treas.
Y., Trustee
E. Matbyl; Supt.
guar
c•
Bonds may be called at 105 on any interest
Austin A. Harvey.
day on 30 days' notice.
Park Connec. By., p. & 1.1 1898
6
30 000 Feb 1 1908
JERSEY CITY, N. J.
guaranteed.
jU. S. & Mexican Tr. Co., Kans. City Trust.
PUBLIC SERVICE CORPORATION.
1901
5 g J-J
250.000 July 11011
See statement and maps under "Newark, N. J.
East Side Elec. By 1st M., Int. at Trust Co. of Am.,
N. Y., Trustee.
$250,000 gold (31,0001, Wm. Huttig of Kansas
City is also Trustee.
not guar
No s. f., but may be called at par at any
JOHNSTOWN, PA.
Interest date.
JOHNSTOWN PASSENGER RY.-A trolley road.
Controlled Companies.
ORGANIZATION.
-Incorporated in Pennsylvania on May 8 1882. Kansas
City Elevated Ry.
Franchise expires in 1981.
1st M. pref. ($600.000)
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
($1,000)
Stock. $2,000,000 ($50)
6 g J-J
$600,000 July 1 1922
$2,000,000 Dec 31'07.4, 2dg• M. gen'iguar. p. & I., c 1892
Q-M 31
(32,000,000)1 1892
1st mortgage, $250,000, gold 1890
4 g J-J
2.000,000 July 1 1922
229,000 Mch 1 1910
6 g M-S
g.
($1,000)
c* Int. at Fidelity Trust Co., Phila., Trustee. Kan.($1,000) guar. p. & 1.1Interest at Manhattan Trust Co., N. Y.
C. & Westp. 1st M.,
M, $800,000, g ($1,000), 1899
Con
4 g J-D
399,000 Dec 1 1929
$500,000,
gold,
guar.} 1906
can be called any lot day.c* Int. at Guaranty Trust Co., N. Y., Trustee.
5g
500,000 July 1 1928
(81,000)
Interest at N. Y. Trust Co., N.
New mortgage. $2,000,000 1901
4 g J-D
1,302,000 Dec 1 1931
Bonds.
-Of the new $20,000,000 mortgage of the Kansas City Y Trustee.
gold ($1,000)
c* Interest at Johnstown Trust Co., Trustee. Co.,
By. & Light
$10,780,000 are reserved for underlying liens. These
bonds are both







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of $1,000
coupon and registered, the coupon bonds being in denomination $50,000
$10,000 and
and the registered bonds In denominations of $1,000,int. date. The Metronew bonds are redeemable at 105 and Int. on any
The
In May
Cent.
politan St. Ry., the Kan. City Elec. Lt. Co. and thewhich Elec. By.
are deposited as
1903 made mtge. notes aggregating ;10,500,000, Co. mortgage; the share
collateral under the new Kansas City By. do Light
Metropolitan
capital acquired of the Kansas City Elec. Light Co. and the
Street Ry. has also been so deposited.
of 1907 consist of $4,125,000 series "A" and $1,375,000 series "B."
Notes
date
They are redeemable after Sept. 1 1908 on 8 weeks' notice on any int.
notes of
pledge of
at 100 and accrued int. They are secured byCity Elec.$5,500,000and $2,Light Co.
St. By.. $1,000,000 notes of Kan.
Metropol.
695,000 com. and $2,977,900 pref. stock of the Kan. City Ry. & Lt. Co., and
under the indenture
such securities of subsidiary companies as are pledged The series "A" note
of May 15 19031, securing the 1st lien ref. gold bonds.
comare convertible after Sept. 1 1908 at option of holder Into 63i shares of have
mon and 7 shares of pref. stock. V. 85. p. 284. Series "A" only 86,
being held in reserve. V. 85, p. 469; V.
been issued, seres "13" notes
p. 285.
were
Of the Metropolitan consolidated mortgage for $8,500 000, enough
•
reserved to retire when due the existing bonds of the Corrigan, Metropolitan
Grand Avenue and Kansas City Cable issues described in the table abovet
now to $4,056,000. The Kansas City Cable and Summit Stree,
amounting
mtgs. fell due April 1 1901, but were extended by endorsement for 10 years.
The Kansas City Cable By. 5% bonds due in 1911 are guaranteed prin.
and int. by end by the Metropolitan St. By. The bonds of the K. C. 63
Westport Ry. ace guar. prin. and int. by the Kansas City By. & Light Co..
and are subject to call on any interest date at 105 and int. on 90 days notice
Kansas City Elevated Ry. 1st M. preference 6s are guaranteed, principal
and interest, by endorsement by the Metropolitan Street By.; so are the
2d M. general 4s. The guaranty on the latter was 3% per annum until
July 1895 and since then 4%. For form of guaranty, see V. 73, p. 1160.
Dividends.-FIrst dividend, 1 jj% on preferred stock, was paid on June
1 1904 and 134% quarterly since then to and including March 1908.
-For years ending May 31. See report in V. 85, p. 339.
REPORT.
1905-06.
1906-07.
$5,715,339 $5,513,168
Gross earnings
2,956,539
2,909,137
Operating expenses
$2,806,202
9,441
1,765,870

Net earnings
Other income
Interest and taxes

KEOKUK, IA.
KEOKUK ELECTRIC RY. & POWER CO -A trolley road.

ORGANIZATION.-Incoroorated as a consolidation of the street railway and electric-light interest in Keokuk. Also operates electric-light and
power plants. In May 1906 arc-lighting contract was extended 5 years.
Date.
Interest. Outstanding. MaturGt/STOOK 00
stoek s400A/D BONDS.$400,000
See text
235,000
5 g J-J
1st mortgage, $250,0000500)1 1900
jInt. at Royal Trust Co., Chicago, trustee.
gold
Bonds.
-0I the $250.000 gold 5s, $125,000 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 1907 to 1924 Inclusive. Are redeemable at
option of company at 105 and interest after 1905. See V. 71, p. 182.
ROAD.
-Owns and operates ft miles of track and has contract with city
for suppiying 159 arc street lights at $60 per light per annum for 5 years from
May 10 1906.
OFFICERS.-Ptes. and Man.. A. D. Ayres; Sec. and Treas., Geo. E. C.
Johnson.
-V.71, p. 182;V. 83,p. 687.

$2,556,629
9,671
1,644,524

$921,776
$1,049,773
Surplus
Out of the surplus for the year($1,049,773),$476.105 was paid in dividends
pref. stock and $55,000 was applied in
(5%) on Kan. City By. & Light
bond redemptions.
Revenue passengers carried 94.996,998; transfer passengers carried,
41,074,800; total, 136,071,798.
ROAD.
-Comprises 125 miles of road and 239 miles of track. Lighting
equivalent of 546,790 16-candle power incandescent lamps.
OFFICERS.-Pres., Bernard Corrigan; Sec. and Treas., W. E. Kirk-V.81, p. 555, 1723; V.
patrick; Auditor and Asst. Treas., J. A. Harder.
42. p. 1496; V. 83, p. 272, 319, 1470; V. 84, p. 1551; V. 85, p. 284, 339,
469, 531, 600; V. 86, p. 285.

-Operated by Strang gasoMISSOURI & KANSAS INTERURBAN R Y.
line motor cars, but is now being changed into electric line.
.-Incorporated in Kansas. Has private right of way
uRGANIZATION
except in cities and towns.
Interest. Outstanding. Maturity.
Date.
STOCK AND BONDS.;1,000,000
.
Stock,$1,000,000 ($100)
600,000 Jan 1 1956
1st mortgage $600,000 goldl 1906 5 g J-J
cjInterest at St. Louis Union Tr. Co. trustee.
($1,000)
two years from Jan. 1 1907 is provided
-Payment of interest for
Bonds.
for by deposit of $100 for each bond. V. 84, P. 391.
-Operates twenty miles of road. from Kansas City through or
ROAD.
Enters
near Rosedale, South Park Merriam and Lenexa to Olathe.
Kansas City over tracks of the Metropolitan Street By. 70-1b. rails. Has
cars, 4 passenger coaches, 2 freight cars and 1 locomotive.
3 motor

KENNETT, PA.
WEST CHESTER KENNETT & WILMINOTON ELECTRIC R1'.
-Incorporated in Pennsylvania on May 24 1905,
ORGANIZATION.
the seine name sold under foreclosure
And is a reorganization of a company of
in Apr111905.
Interest. Outstanding. Maturity.
Date.
STOCK AND BONDS.$525,000
Common $925,000
75,000
Preferred $75,000 _ ...
420,000 June 1 1935
5 g J-D
1st mtge $1,000,000 gold? 1905
cj Int. at Integ. T. I. Tr. & S. D.Co.. Phila.,Tr.
($500 and $1,000)
-About 18 miles of track between Avondale, Kennett Square
ROAD.
-and Wilmington, connecting at Kennett for West Chester. Gauge, 5 ft.
23s( in. '60 and 70lb. T and girder rail.
-P., Clarence L. Harper,
OFFICERS.-Pres., Geo. Kessler, Phila.; V.
Sec. and Treas., Philip E. Guckes.-V. 80, p. 1060, 1176, 1730.

KENOSHA, WIS.
KENOSHA ELECTRIC RY.-A trolley road. by A. C. Frost, President
was acquired individually

KEYPORT, N. J.
-Trolley.
JERSEY CENTRAL TRACTION CO.

-This was formerly known as the Keyport & MattaORGANIZATION.
wan 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.
Company also owns 442 of the 500 shares of stock and all of the bonds of
the Middlesex & Monmouth Electric Light, Heat & Power Co., which furnishes light to Kelmort, Matawan and South Amboy.
Interest. Outstanding. Maturity.
Date.
STOCK AND BONDS.11,000,000
Stock 11.000,000
750,000 Nov 1 1931
5 g M-N
1st mortgage $750,000 gold) 1901
Interest at Colonial Trust Co., Phila., trustee.
$1,000)
($500 and
j
610,000 Dec 1 1954
5 g J-D
Gen. mtge. $1,500,000 gold 1904
c* Int. at Fidelity Trust Co., Newark, trustee.
($1,000)
new bonds, $750,000 are reserved to retire
-01 the $1,500,000
Bonds.
the first 5s. The new bonds are subject to call at any time after Dec. 1 1914
at 105 and interest.
-Owns and operates 30 miles of road from South Amboy, KeyROAD.
port and Bellford to Red Bank; Beliford through Atlantic Highlands to
Highland Beach; Freneau through Matawan to Keyport, N. J. Standard
gauge 60-1b. T and 70-lb. girder rails. Nearly all over private right of way.
Sec. and
OFFICERS.-Pres., Jas. H. Morris, Land Title Bldg.,
Phila.''
Treas., J. B. Livingston, Keyport• N. J.; Asst. Sec. and Treas., Walter C.
Clark, Land Title Bldg.. Phila.-V. 76, p. 1300.

-(See map on page 52.)
KANSAS CITY-WESTERN RAIL WAY.
Formerly the Kansas City-Leavenworth Railroad and name changed to
Kansas City-Western Railway.
Interest. Outstanding. Maturity.
Date.
,
STOCK AND BONDS
$2,000,000
Stock, 12,000,000 ($100)- 1,650,000 Sept 1 1925
5 g M-S
Bonds, $5,000,000 First Re-} 1905
(coup. 11,000; r, Interest at Fisk 63 Robinson, New York.
funding
$10,000)__ Standard Trust Co., N. Y. trustee.
$1,000, $5,000,
-$1,400,000 of bonds were issued to refund alike amount
Stock and Bonds.
of bonds outstanding of old company, all but $42,000 of which have been.
retired, $100,000 for general corporate purposes, and $150,000 for improvements; remaining $3,350,000 to be issued for acquisitions, extensions and
improvements under customary restrictions. Entire outstanding issue is
redeemable Sept. 1 1910 or any interest date thereafter at 105 and int.
Stock in voting trust until May 1910.
-For 6 months ending Dec. 31 1907, gross,
LATEST EARNINGS.
$173,813; net, $68,038; charges, $40,241; suprius, $27,797.
-For year ending June 30 1907, gross, $281,199; net (after
REPORT.
taxes), $98,237; fixed charges, $75,832; surplus, $22,405. In 1906, gross,
$282,289; net (after taxes), $119,593; fixed charges, $74,028; surplus,
$45,565.
-Owns and operates 39.33 miles of road, of which about 16 miles
ROAD.
are within the city of Leavenworth and 23 miles between that city and
Kansas City, Kan. Enters Kansas City, Mo., over tracks of the Kansas
City Viaduct & Terminal By., which owns and operates a steel and concrete viaduct connecting Kansas City, Kan.. with Kansas City, Mo. Has
second entrance into Kansas City over tracks of the Metropolitan Street Ry.
IMPROVE'MENTS.-Since present management assumed control important improvements to the road and equipment have been completed.
New cars have been acquired and old equipment overhauled and modernized.
-C. F. Holmes, l'res.; C. F. Hutchings, V. P. and Gen. AtOFFICERS.
torney; S. D. Hutchings, Sec. and Treas.; J. W. Richardson, Gen. Supt.;
W.M.Sonar, Auditor. General office, Leavenworth. Kan.

In Nov. 1905 control
of the Chicago & Milwaukee Electric By. V.81, p. 1492.
-Franchise is for fifty years from June 2 1902,
ORGANIZATION.
In May 1907 filed a certificate increasing its capital to *1,000,000. V.84,
p. 1052.
Dale.
Interest. Outstanding. Maturity.
STOCK AND BONDS.$500,000
Stock $1,000,000 wow
500,000 April 1 1927
5 g A-0
First mortgage $1,000,0001 1907
{Western Trust & Savings Bank and Wil($1,000) gold
lioughby G. Walling, Chicago, trustees.
-For 12 months ending Dec. 31 1906, gross. $54,490; net
EARNINGS.
after taxes, $31,223.
-Operates 4.1 miles of track in Kenosha and to North and South
ROAD.
Kenosha.
-P., H. C. Osborne; Sec., Pierre G.
OFFCERS.-Pres., A. C. Frost; V.
-V.81. p. 1492; V.84. p. 1052.
Beach; Treas., Henry E. Grant.




53

STREET RAILWAYS.

FEB., 1908.I

KEY WEST, FLA.
-A trolley road.
KEY WEST ELECTRIC CO.

-Incorporated in New Jersey in 1898 and does entire
ORGANIZATION.
business
electric-light and power business in addition to entire street railway are for
of the city; also owns franchise for manufacture of gas Franchises
99 years from 1898. In June 1904 acquired the Key West Electric Light
&
& Power Co. V. 78, D. 2334. In June 1906 was acquired by Stone
Webster of Boston and re-capitalized as below. V. 82, p. 1496. Maturity.
Interest. Outstanding.
Date.
STOCK AND BONDS$435,000
Common $500,000 ($100).
230,000
.
Pref $230,000 (11OO) 6% n-c_
450,000 Aug 1 1956
5 g F-A
First mortgage $1,000,000J 1906
)Interest at State Street Tr. Co., Boston, Tr.
_.
gold_
-Are subject to call as a whole at 105 and interest at any time.
Bonds.
One per cent of bonds out is payable to a sinking fund beginning Dec. 1
1907, if earned; on Dec. 1 1912 becomes obligatory. Preferred stock is
redeemable at par after Dec. 1 1909.
-For calendar year 1905, gross, $110,882; net, after taxes.
EARNINGS.
$34,075.
-Operates 5 miles of track; 60-lb. steel rails; 10 cars. Gauge,
ROAD.
-p. motors; also 35
-p. lamps and 119 h.
5 ft. 2M in. Supplies 14,906 16 c.
fig
arc lights.
-P., Charles
OFFICERS.-Pres., George J. Baldwin, Savannah; 1st V.
-P., Wilbur A. Carter; Sec., Alvah K. Todd; Treas.,
F. Wallace; 2d V.
Henry B. Sawyer; Gen. Mgrs., Stone & Webster, 147 Milk Street, Boston.
-V. 82, p. 1496.

KINGSTON, N. Y.
KINGSTON CONSOLIDATED RR -This is a consolidation on Dec. 11 1901 of the KingORGANIZATION.
ston City RR. and the Colonial City Traction.
Outstanding. Maturity.
ate
STOCK AND BONDS$200,000
Common,$200,000 ($100)---- -------------200,000 Aug '07,4%
.
Preferred,4% cum $200,000_ _
534,000 Jan. 1 1952
5 g J-J
First consolidated mortgagej 1901
$700,000 (31,000) gold_ _01Int. at Manhattan Trust Co., N. Y., Trustee.
Kingston City RR.
15,000 June12 1909
7 J-J
1879
First mte:e $500 each
135,000 Mch. 1 1923
5 M-S
Consol $150,000 ($1,000) not' 1893
N. Y.
mat'y1Int. at Farmers' Loan & Trust
subject to call before
10,000 June 1 1910
5 J-D
1890
Debentures $10,000
6,000 On demand.
5 guar.
_
Bond and mortgage__
Ronds.--$166,000 of the new $700,000 consolidated mortgage is reserved
to retire the Kingston City RR. underlying liens.
-Embraces 12 miles of track. Rails, 70,80 and 90-1b. 40 cars,
ROAD.
3 snow-plows.
-For year ending June 30 1907: Gross,$142.244; net,$57,192;
REPORT.
fixed charges, $40,025; dividends, $8,000; surplus, $9,167.
OFFICERS.-Pres., Charles M. Preston, 27 William St., New York City;
-P., C. G. Reel, Kingston, and A. M. Day, Danbury, Conn.; Sec., Aug. J.
V.
Phillips, Kingston; Treas., Abm. Hasbrouck, New York; Gen. Mgr., C.
-V.73, p. 1160.
Gordon Reel, Kingston; Supt., G. B. te Bow, Kingston.

KITTANNING, PA.

-A trolley road.
KITTANNINO-& LEECHBURO RAILWAYS CO.
-Incorporated in Pennsylvania on May 26 1905 and
ORGANIZATION.
Is a consolidation of the Kittanning & Leechburg Ry., the Kittanning &
Ford City Street Ry- the West Kittanning Street Ry. and the Kittanning
Franchise is for 09 years.
& Mosgrove Street
Interest, Outstanding. Ataturtly
Date.
Ry.
STOCK AND BONDS$500,000
$500,000($50)
Stock,
1934
27,500
5 g J-J
First mortgage $750,000 gold' 1904
cl Int. at Union Trust Co. Pittsburgh, Trustee
($1,000)
5'149,089
Loans payable June 30 1906
-$27,500 are reserved to retire a like amount of bonds of theKitBonds.
tanning & Ford City. New bonds are subject to call after 5 years at 105.
-01 the Kittanning & Leechburg Railway for fiscal year
EARNINGS.
ending June 30 1907, gross, $57,039; net, $30,649; fixed charges, $13,894;
$16,755
surplus,
.
-Operates 11 miles of track between Kittanning and Ford City.
ROAD.
Standard gauge, 70-lb. rails. An extension to Mosgrove,4 miles,is under
construction; in June 1907, 2 miles had been completed. An extension of
16 miles to Leechburg is proposed.
OFFICERS.-Pres. and Mgr., F. A. Moesta; Sec. and Treas., Jas
McCullough Jr.

KNOXVILLE, TENN.
KNOXVILLE !RAILWAY & LIGHT CO.
Controlled by American Cities By.& Light Co., which owns all the common stock and all but 44 shares of the preferred.
-Incorporated in Tennessee in Sept. 1905 as a conORGANIZATION.
solidation of the Knoxville Traction Co. and the Knoxville Electric Light &
Power Co. Does all the street railway and electric-lighting business in
Knoxville. Also controls the Knoxville Park Association, owning two
amusement parks. Franchises are perpetual, except as to 1% miles of
street railway, which latter run until Nov. 28 1946. Isidore Newman &
Imed
Son of New York and New Orleans are fiscal agents.
Maturity.
Date. Interest. Outstanding.
STOCK AND BONDS$1,491,900 Dec31'07,1%
Common $1,500,000 ($100)
Q-J
500,000 Dec31'07,1 34
Pref 6% cum $500,000 ($100)_
1,732,000 Sept. 1 1945
5 gM-S
Consolidated mtge $3,000,000 1905
c' Standard Trust Co., New York, Trustee.
gold ($1,000)
831,000 April 1 1938
5 g A-0
Knoxville Tree 1st M of 1898 1898
*850,000 g tax free($1,000) Int. at Baltimore Tr. & Gu. Co. Bait., Tn18.

54

STREET RAILWAYS.

Bonds.
-Of the $3,000,000 consols $831,000 are reserved to retire Knoxville Trac. Co. bonds. $327,000 are in company's treasury, and $110,000
are reserved for additions, $1,000 to be issued for each $1,250 expended.
They are redeemable on and after Sept. 1 1910 at 107% and interest on 60
days' notice. Sinking fund annually of 5 of 1% of all bonds outstanding
(including Knoxville Traction bonds) begins Sept. 1 1910, and after 5 years
is increased to 1% annually. The Knoxville Trac. Co. first mtge. bonds
are not subject to call. $19.000 have been canceled.
Dividends.
-6% per annum is paid on pref. stock since Issuance. First
dividend on common-2%-June 29 1907, 1% was paid Sept. 1907, and
1% Dec. 1907.
-For calendar years:
REPORT.
Net, aster
Fixed
YearGross.
Taxes.
Charges. Surplus.
1907
3605,777 $282,323 $159,009 $123,314
1906
505,341
234,905
152,094
82,111
1905
394,086
144,745
79,228
65,517
-Owns 39 miles of track, including 9 miles of double track. 70-lb.
ROAD.
and over, T and girder rail. Has 35 open cars, 36 closed and 7 semlconvertible cars; total, 78.
OFFICERS.-Pres., C. H. Harvey; V.
-P., VV. S. Shields; Sec., Leon
Fender; Treas. and Aud., H. T. Bunn; Gem Supt., P. E. Mitchel.
-V.81,
p. 1044, 1665: V.82, p. 49, 628, 1438; V.83, p.38; V.85, p. 345,405,793.

KOKOMO, IND.
KOKOMO MARION & WESTERN TRACTION CO.
-A trolley road.
ORGANIZATION.
-Incorporated in Indiana in Feb. 1903 under general
railroad laws as successor to the Kokomo Converse & Marion Traction Co.
In April 1903 acquired by purchase the entire capital stock of the Kokomo
Railway & Light Co., which was merged In Jan. 1906. Owns lighting plant
In Kokomo: also private right of way. Franchises run 50 years
STOCK AND BONDSDate.
Interest. Outstanding. Maturity.
Common, $1,000,000 ($100)..
$1,000,000
Preferred, $100,000 ($100).
75,000
First mortgage $1,000,0001003
i
5 g J-J
750,000 July 1 1933
gold ($500 & $1,000) c&r_ _ Interest at Security Trust Co., Ind., Trustee.
Kokomo Ry & Light 1st mtge 1903
5 g J-J
250,000 Jan. 1 1933
$350,000 gold ($1,000) c&r Int. at Security Trust Co , Ind., Trustee.
Bonds.
-$250,000 are reserved to retire a like amount of bonds of the
Kokomo Railway & Light Co.; the remaining $100,000 under this latter
mortgage has been canceled. Bonds are subject to call at 105 and interest
after July 1 1908. See V. 76, p. 1143; V. 77, p. 451. The Kokomo Rail
way & Light bonds can he called in 1908 at 105 and are guaranteed, principal
and Interest. by Kokomo Marion & West.
REPORT.
-For calendar year 1907: Total gross (including both Railway
and Lighting), $188,177; net, $92,767. In 1906, gross, $168,872; net,
$80.974.
ROAD.
-Operates 40 miles of track in Kokomo and from Kokomo to
Marion. Is connecting link between the Northern Traction Co. and the
Union Traction Co. of Indiana. Standard gauge. 70-lb. T rail.
OFFICERS.-Pres., Geo. J. Marott; V.
-P.. L. J. Kirkpatrick; Sec.,
Treas. and Gen. Mgr., T. C. McReynolds; Aud., C. C. Trees.
-V.81, p. 155;
V. 83. p. 1098.

LACONIA, N. H.

[VOL. Lxxxvir.

STOCK AND BONDSDate.
Interest. Outstanding. Maturity.
Stock,com., $1,350,000 ($50)_
$1,100,000
Stock pf, $1,000,000 ($50)5%r
cumulative
1,000,000 Jan'08,2
Mortgage, $1,000,000 gold} 1901
5 g J-J
1,000,000 July 1 1951
($500 and $1,000)
el Interest at Lancaster Trust Co., Trustee.
Securities of Lines Controlled-Conestoga Traction first mtge. 1900
4 J-J
1,277.500 Jan. 1 1950
Lancaster City RR first mtgef 1890
5 g A-0
160,000 April 1 1920
•c* Metropolitan Trust Co., N. Y., Trustee.
($100 and $500)
St Ry first mtge $225,- 1891
W E
5 M-N
225,000 May 1 1921
000 ($100,$500 & $1,000)c' Metropolitan Trust Co., N. Y.,Trustee.
Lancaster & Columbia stock_
37,500 20% per an.
1893
5 A-0
First mortgage
225,000 April 1 1923
Columbia Elec Lt Ht & P mtge 1905
5
125,000 May 1 1935
Edison Elec Ilium Co mtge__ _
49,700 July
1922
.___
mtge
do
5
do
250,300 Jan. 1 1925
Lane Gas Light & Fuel mtge70,500 Dec. 1 1911
do
do
229,500 Jan. 1 1925
g mtge._ fwd
do
. 5
do
100,000 Jan. 1 1936
-The first dividend on the preferred stock (3%) was paid on
Dividends.
July 1 1904 and 3% was again paid on Oct. 1 1904. In 1905, Jan., 3%
(see V.79. p. 2796); July, 3%; Dec.,
%. In 1906, March,4%; Aug.,
25%. In 1907, Jan., 2%; July, 5%. In 1908, Jan., 2%%.
REPORT.-Recelpts of the Lancaster County Railway & Light for fiscal
year ending June 30 1907 were: Gross Income, $216,735; net after general
expenses, $210,328; interest and taxes, $52,000; surplus, $158,328.
-In Oct. 1905 the Conestoga Traction Co. (the operating comROAD.
pany) leased 143.10 miles of track, including the Lancaster City Street Ry.,
13.55 miles; Lancaster & Columbia 9.16 miles; Lancaster & Lititz, 10.10
miles; Columbia & Ironville, 3.59 miles; Columbia & Donegal, 5.67 miles;
Lancaster Mechanicsburg & New Holland, 20.62 miles; the New Holland
Blue Ball & Terre Hill Street Ry., 5 miles; the Rohrerstown Landisville
ec Mt. Jay Ry., 10 miles: the Lancaster & Eastern Ry., 17 miles; the Lancaster & Quarryville Street Ry. 8.75 miles; Lancaster & Millersville Ry.,
3.57 miles; Lancaster Willow Street Lampeter & Strasburg Ry., 11M miles;
toe Lancaster & Manheim Ry.,8 miles; the Ephrata & Adamstown, 8 miles,
and the Lancaster & Rock / Springs, 4 t miles. The latter four completed
,
and teased for 999 years at a rental of 6% on stock. An extension from
Christiana to Coatesville is under constructIon.-V. 79, p. 501, 1330, 2796;
V. 84, p. 271. 390, 570, 693.
OFFICERS.-Pres., TT. W. Grlest; V.
-P., George Bullock; Sec. and
Treas., A. S. Cooke.
(a) Lancaster Mechanicsburg & New Holland Ry.-A trolley road.
ORGANIZATION.
-Incorporated May 16 1890. Runs from Lancaster
to New Holland, with an extension to Ephrata, 20.62 miles. Is leased
to Conestoga Traction Co. for a rental of 8% on stock. Capital stock,
$300,000. Stock is not owned by lessee. No bonds.
(b) Rohrerstown Landisville & Mt. Joy Ry.-Trolley.
ORGANIZATION.
-Owns an electric road of 10 miles from Lancaster
through Landisville, Salunga, Mt. Joy and Florin. Is leased for 999 years
to the Conestoga Traction at rental of 6% on Its $400,000 stock. No funded
debt. V. 73, p. 236.
(c) Ephrata & Adamstown Ry.-A trolley road.
ORGANIZATION.
-This company was incorporated with $225,000
capital stock on Sept. 17 1901. Owns road from rphrata to Adamstown,
8 tulles, which was leased in 1903 to the Conestoga Traction Co. for a rental
of 6% on the stock. No funded debt.
(d) Lancaster & Rocky Springs Ry.
ORGANIZATION-Operates 414 miles of track. Stock, $200,000. No
bonds. Leased to Conestoga Traction Co. for 999 years at 6% on stock.
(e) New Holland Blue Ball & Terre Hill Street R Y.
ORGANIZATION.
-Operates a line from Blue Ball to Terre Hill. Is
leased to the Conestoga Traction Co.for 999 years at 5% on its 5130,000
capital stock.
(f) Lancaster & Eastern RY
ORGANIZATION.
-Operates 17 miles of track from Lancaster to Christiana. Capital, $430,000. Was leased on June 1 1906 to Conestoga Traction Co. at 6% on stock.

LACONIA STREET RAILWAY.
In Nov. 1906 control changed hands, and the new interests also acquired
control of the Laconia Electric Lighting Co.
ORGANIZATION.
-Formerly the Laeonla & Lakeport Street Ry., but
name changed to above in 1894.
STOCK. &c.Date.
Interest. Outstanding. Maturity.
Common,$100,000 (par$50)$100,000
Preferred, 6% cunt., $40,000..
_____
40,000
First mtge,$91,000 ($1 ,000)_ f 1899
5 NI-N
90,000 May 1 1919
1Interest at American Trust Co. Boston.
Second mortgage, $40,0001 1904
5 M-N
40,000 May 1 1919
($1,000)
lInterest at People's National Bank,Laconia.
LANSDALE, PA.
Dividends.
MONTGOMERY TRACTION CO.
-In 1893-94, paid 5%; in 1894-95, paid 4%: none since.
-A trolley road.
ORGANIZATION.
ROAD.
-Owns 9 miles of track, having in 1899 been extended to Weirs,
-Incorporated In Pennsylvania on July 6 1905 as
4 miles, and the entire system equipped with electricity. In 1903 road was successor under foreclosure of the Lansdale & Norristown hicctrin fly.
changed to standard gauge.
STOCK AND BONDSDate,
Interest. Outstanding. Maturity.
Stock,$250,000 ($50)_ _
$250,000
EARNINGS.
-For years ending June 30:
First mortgage, $250,0001 1905
250,000 July 15 1935
5 g J-J
1907.
1906.
1907.
1906.
($1,000) gold
clint. at F.. P. Wilber Tr. Co.,So. Beth.,Pa.,Tr.
Gross
$32,851 $30,493 Interest and taxes.$11,844 *10,011
Bonds are subject to call before 1908 at 10214; thereafter at 105.
778
10,156 Balance for year__ _
145
Net
12,621
EARNINGS.
-For year ending Dec. 31 1907, 539,521.
OFFICERS.-Pres., H. L. Pierce, Leominster, Mass.; Treas., Edmund
ROAD.
-Operates 13 miles of
P. Hadley, Leominster. Mass.; Sec., Geo. P. Munsey; Gen. Mgr., L. S. Gauge, 5 ft. 214 in. 70 and 80-10. track from Lansdale to Norristown.
T rail.
Pierce.
OFFICERS.-Pres., W.0. Hay, Sec., G. A. Reed.
-V. 81, p. 508.

LA CROSSE, WIS.
LA CROSSE CITY RAILWAY
ORGANIZATION.
-Chartered Nov. 17 1885. Franchise runs till 1938.
interest. Outstanding. Last D1V.,rfee
Date.
STOCK AND BONDSSee below. $500,000f.p. In 1906,8%
Stock, $500,000 (par $100).__
6 g J-J
136,000
First mortgage,$175,000 gold' 1893
Jan. 1 1918
1 Subject to call Jan. 11903.
(31 000)
Interest at•Northern Trust Co., Chicago., Ill., Trustee.
Dividends.
-For 1892, 7%; 1893, none; 1894,7%; 1898, 7%;1899, 7%:
1900, 5%; 1901, 6%; 1902, 7%; 1903, 7%; 1904, 7%; 1905, 8%; 1906,
8%.
EARNINGS.
-For calendar year 1906, gross, $115,459; net, after taxes
and interest. $27,085. In 1905, gross, $105,853; net, after taxes and interest, $30,792.
ROAD.
-Owns 13.40 miles in city of Lacrosse.
OFFICERS.-Pres., B. E. Edwards; V.
-P., W. W. Cargill; Sec., H. E.
West: Treas., R. C. Wheipley; Supt., S. B. Livermore.
-V.84, p. 1182.

LANCASTER, PA.

LANSING, MICH.
MICHIGAN UNITED RYS.-A trolley road.
ORGANIZATION.
-Incorporated in Michigan on March 31 1906 and
on May 11006 took over the Michigan Traction Co., the Michigan Traction
Extension Co., the Jackson & Battle Creek Traction Co., and the Lansing &
Suburban Traction Co., and owns all the capital stock of the Lansing &
Jackson Railway Co. In Oct. 1907 the Lansing Southern Ry. was incorporated as a subsidiary company to build two miles of electric railway
through Mason, Mich. Stock, $50,000.
In May 1907 interests identified with this company acquired through
W. N. Coler & Co., New Yorlc, for about $1,250,000, practically the entire
capital stock of the
8;
a
Consolidated Traction. V. 84, P. 113, .
not proposed to merge the two companies at this time.
SIOCK AND BONDSInterest. Outstanding.
turIty.
It is
Date.
Common, $4,000,000 ($100)_
$4,000000
_ _
Frei $1,000,000 ($100) 6% cu_ _
:80 :000 May 1 1936
04 000
0
_
First mortgage 57,500,0001 1006
1
5 g M-N
gold
N. Y., Trust.
mi
at Knickerbocker Tr. Co.c&r)Int
700,000 Jan. 1 1921
Traction first mtgel 1901
tion
5 g J-J
$700,000 ($1,000) gold_ _celInterest at New York T cio,000 Trustee.23
zirust Co.bee. l
Michigan Trac eat first mtge r 1903
5 g J-D
ia
1.20 Co., N. n. T 1ust
.
$500,000 ($1,000) gold_ _el Int. at KnickerbockerTr 0,00 N lt., 1 r 923
.
Jackson & Battle Creek first)
5 g J-J
1003
mortgage, $1,200,000 ($1,- Unterest at Citizens' Savings & Trust Co.,
0 Bly
1rst,00
000) gold
.(
_csj Cleve., Trustee, or F350 Nat.mac.,1N1910
3.
Lansing & Jackson first mtge1 1905
5 g M-N
$1.000,000(31,000) gold.01Int. at Knickerbocker Tr. Co., N. Y., Trust.
Bonds.
-Of the $7,500,000 new bonds, $2,400,000 are reserved for prior
liens, $1,000,000 to retire the Lansing & Jackson Ry. bonds; $500,000 for
power and $1,760,000 for extensions at $20,000 per mile. Are subject to
call after May 1 1916 at 110. V. 82, p. 1157.
On the Michigan Traction Co. bonds a sinking fund of 5% of gross earnings commenced in 1903, to be used in buying bonds at not to exceed 110;
otherwise to be Invested in other standard Securities
V. 72, p. 391;
1
"44,000 of bonds now held in sinking fund.
The Lansing & Jackson By. bonds are guaranteed principal and Interest
by the Michigan United Rys.; a sinking fund begins Jan. 1 1910, to which
1 % of bonds authorized is payable annually -the first five years, 2% per
annum the next 5 years and 2 Yi % annually thereafter. Bonds are not
subject to call. The Jackson & Battle Creek bonds are subject to call in
any amount after 10 years at 105 and interest. V. 75. P. 1147.
EARNINGS.
-For year ending April 30 1907, gross, $729,607; net,$343,006; charges. $219,570; surplus,s 6
$11 23,436.
-Operates all clt y
ROAD.
Kalamazoo, Battle Creek and Lansing
and interurban lines from Lansing to St. Johns, Jackson to Battle Creek,
and Battle Creek to Kalamazoo; total operated. 155 miles. The owned
Lansing & Jackson Ry. Is building an extension 3734 miles from Lansing
to Jackson, of which 12 miles have been completed. Remainder is expected
to be completed In 1908.
OFFICERS.-Pres., Myron W. Mills, Marysville; V.
-P., Jas. R. Elliott:
Sec., R. Morrison; Treas., Pomeroy Ladue: Gen. Mgr., J. M. Bramlette.
V. 82, p. 805, 987, 1157; V. 84, p. 1183; V. 85, p. 723.

SUSQUEHANNA RAILWAY. LIGHT & POWF.R CO.
-Incorporated In
Connecticut Feb. 27 1907 to own, control and operate electric railway and
gas properties. V. 84, p. 571. Has acquired all the common stock of the
United Gas & Electric Co., owning and controlling 11 gas and electric companies In various cities in the United States. Owns entire common stock of
the Lancaster County fly. & Light Co. V. 84, p. 693. The Susquehanna
Railway. Light & Power Co. has $10,000,000 authorized common stock
and $10,000,000 authorized preferred; $3,650,000 of each was issued to
acquire the two properties named.
STOCKLast Div.
Date. Interest. Outstanding.
Stock, corn, $10,000,000 ($100) --$3,976,500
Stock, pref 5% cum to 7%,l
$10,000,000 ($100)
4,034,200 Mar 1'08,2 %
5 M-S
J
Stock.
-After 5% has been paid on the common,the preferred will share
equally with the common in non-cumulative dividends up to 7%,all other
dividends accruing to the common shares. V. 84, p. 571, 693.
Dividends.
-First dividend on preferred of 23- % paid Sept. 1907. In
1908, Mar., 23i%.
OFFICERS.-Pres., Geo. Bullock; V.
-P., R. E. Griscom; Sec. and
Treas., A. S. Cooke; Asst. Sec. and Treas., W. M. Canby.
-V.85, p. 655.
(I) Lancaster County Railway & Light
In Jan. 1907 control was acquired by Bertron, Storrs & Griscona of New
York. V. 84, p. 271. In Fel . 1907 the Susquehanna Raliv:ay, Light &
,
Power Co. was organized to consolidate this and other street railway and
electric properties. See V. 84, p. 392.
ORGANIZATION.
-Incorporated on June 15 1901 in New Jersey. Owns
practically all the capital stocks of the Conestoga Traction (corn. and pref.).
the Lancaster Gas Light & Fuel Co., the Edison Electric Illuminating Co.
and the Columbia Eiectric Light, Heat & Power Co. of Columbia, Pa. (the
latter has no bonds), and these stocks are placed under the new mortgage
JACKSON CONSOLIDATED TRACTION.
of 1901. Franchises are perpetual. Does all the gas and electric lighting
In May 1907 was acquired by parties interested in the Michigan United
n the cities of Lancaster and Columbia. and practically all in Lancaster Co. Rys. V. 84, p. 1182.




55 •

STREET RAILWAYS.

FEB., 1908.1

-Incorporated in Michigan in 1904, and is a consoliORGANIZATION.
dation of the old Jackson do Suburban Traction Co.. the Wolf Lake Ry. &
Resort Co. and the Highland Resort Co. Constitutes all the street railways
In the City of Jackson. Franchises expire in 1930.
Date.
STOCK AND BONDSInterest. Outstanding. Maturity.
Stock, $1,000,000 ($100)_
$1,000.000
5 g M-N
First mtge $1.000,000 goldf 1904
712,000 May 1 1934
($100. $500 & $1,000) ___c*1 Interest at Guardian Trust Co., N. Y., Trust.
Notes payable Aug. 31 1907_
21,864
-The new refunding bonds are subject to call at 105 and interest
Bonds.
on any interest date; $288,000 of these bonds are reserved for extensions
and betterments at 90% of cost, provided earnings are in excess of interest
charges, including interest on bonds to be issued. Practically all prior liens
have been retired. See V. 79. p. 1705.
EARNINGS.
-For 12 months ending April 30 '07,gross, $147,408; net,
$57,159; fixed charges, $35,075; surplus, $22,084. For 12 months ending
April 30 1906, gross, $132,474; net, $50,150; fixed charges, $33,500;
surplus, $16.650.
-Owns and operates 30 miles of track in Jackson, including InterROAD.
urban lines to Grass Lake, Wolf Lake, Michigan Centre and Vandercook
Lake. 70-lb. rails. Operates 30 cars -V.82.P.987 1212 V. 84, p. 1132.

LEWISTON ME.
LEWISTON AUGUSTA & WATERVILLE STREET RY.-A trolley road
ORGANIZATION.
-Organized in Maine in 1907 as a consolidation of
the Lewiston Brunswick do Bath Street By. (which owned the Brunswick
do Topsham Ry., Lewiston & Auburn RR. and Bath Street Ry.) and the
Augusta Winthrop & Gardiner Ry. (a consolidation in May 1902 of the
Augusta Hallowell & Gardiner RR. and the Lewiston Winthrop & Augusta
Street Ry.). V. 84, p. 1182. Franchises are perpetual.
STOCK AND BONDSDate.
Interest. Outstanding. Maturity.
Stock, $3,000,000 ($100)_
*3,000,000
First and refunding mort-) 1907
1,500,000 April 1 1937
5 g A-0
gage, $5,000,000 ($1,000).} Old Colony Trust Co., Boston, Trustee.
gold
c•jInterest at agency of company, Boston.
Securities of the Levi. Bruns. & Bath St. Ry.845,000 Mch. 1 1918
First mtge. $1,000,000 gold__ 1898
5 g M-S
70,000 July 1 1913
Bath St Ry 1st mtge$300,0001 1893
5 g J-J
gold ($1,000)
c*f Subject to call after July 1 1898.
85,000 Jan 1 1911
Lewiston do Aub H RR 1st M_ 1891
5 J-D
Securities of the Aug. Win. & Gar. Ry.10,500 July 1 1910
Augusta Hallowell& Gardiner' 1890
6 J-J
first mortgage for $100,0001Int. at International Tr. Co., Boston, Trust.
1951
•239,500 July
Aug W do G gen mtge cony_ _c 1901
4 J-J
•150,000 July 1 1952
First mortgage,$250,000 con-1 1902
4 g J-J
vert ($1,000 & $500), g_c* Int. at Augusta Tr. Co., Augusta, Me., Trus.
100,000 Jan 1 1935
General mortgage $125,0001 1905
5 g J-J
($500 and $1,000) gold_ _ -J Interest at Augusta Trust Co., Trustee.
• Bonds.
-The $5,000,000 1st mtge. bonds are subject to call on any int.
day at 107M and int. No sinking fund. $1,500,000 are reserved for prior
liens, $500,000 are in treasury for present improvements and betterments
and $1,500,000 are reserved for future extensions and improvements.
The Augusta Winthrop & Gardiner Ry. gen. mtge. bonds of 1905 are subject
to call at par on any int. date on 65 days' notice. The Aug. Win. & Gar.
By. 1st mtge. bonds are exchangeable for 4% ref.p
stock of the same company, which stock has the same security as the bonds and matures at the
same time; $72,000 of bonds reported above as outstanding had been exchanged up to Feb. 1 1908. The Aug. H. do Gar. gen. mtge. bonds are exchangeable for 4% pref. stock of the same company, having the same security as the bonds and matures at the same time; $178,000 of the $239,500
reported above as outstanding had been exchanged up to Feb. 1 1908.
Of the Lewiston Brunswick & Bath Street By. 1st mtge. bonds of 1898,
$155,000 are reserved to retire the underlying bonds.
-For 6 months ending Dec. 31 1907, gross, $215,116; net,
EARNINGS.
$89,543; charges (exclusive of interest on $1,500,000 outstanding Lewiston
Aug. & Waterville St. By. 1st mtge. bonds since new mileage not yet built),
$38,630; surplus, $50,913.
.6ROAD.-Operates a system In and between Augusta, Hallowell, Gardiner,
Farmington, Togus and Winthrop, and another system connecting Bath
with Brunswick, Lewiston, Auburn, Sabattas, &c. In 1907 completed a
9-mile extension between Auburn and Mechanic Falls. Total, 93 miles;
41 additional miles of track, which will connect the two systems and extend
line to Waterville and several other towns, are being constructed and are
expected to be completed during summer of 1908.
-P., H. L. Clark, Phila.
OFFICERS.-Pres.,John R. Graham, Bangor; V.
Treas., D. S. Hahn, Lewiston; Gen. Mgr., and Purch. Agt., E. D. Reed,
Lewiston.
-V. 84, p. 1182; V. 85, p. 469.

LEWISTON, PA.
LEWISTON & REEDSVILIE ELECTRIC RY.ORGANIZATION.-Incorporated in Pennsylvania on March 24 1892
Interest. Outstanding. Maturity.
STOCK AND BONDS.- Date.
$150,000 1906, 514
Stock $150,000 ($50)
150,000 June 1 1919
5 g J-J
1st mortgage gold ($500 and 1899
$1.000) $150,000_ _ _ _c&r Int. at Union Trust Co., Phila., Trustee.
125,000 May 1 1917
5 g M-N
2d mortgage gold ($500 and 1902
c&r Int. at Com'wealth 'Fr. Co., Harrisb'g, Trus.
$1,000) $125,000
Bonds.
-The firsts are not subject to call, but the seconds can be called
at par after 3 years.
Dividends.
-In 1902. 5 %;1903.5%: 1904, 5 %;1905, 5 %;1906, 5%
EARNINGS.
-For fiscal years ending June 30:
Sum.
Net.
Fixed chges. Divid's.
Gross.
Year$15,375
$7,500
$35,186
$116,172
$58,061
1906
15,254
7,500
18,403
78,193
41,157
1905
7,500
' 10,326
29,424
11,598
72,860
1904
ROAD.
-Operates 9.34 miles of track from Lewistown to Reedsville and
Lewistown Junction, with a branch to Branham. 60 and 70-1b. T and
70-1b. girder rail.
OFVICERS.-Pres. and Man., J. I. Quigley, V.
-P., A. B. Spanogle:
Sec., H. R. Sponsior; Treas., William Irvin; Supt.. C. E. Gossard.

LEXINGTON, KY.
LEXINGTON & IN1ERURBAN RAILWAYS CO.
-Incorporated in New Jersey on Dec. 5 1905 and
ORGANIZATION.
acquired $799,925 of the $800,000 stock of the Lexington By. Co., the entire
($88,000) of the Frankfort & Versailles Traction
stock ($225,000) and bonds
Co., the entire stock of the Blue Grass Traction Co., the entire $125,000
common stock of the Central Kentucky Traction Co. and the entire preferred stock and bonds of the latter company. Does the entire electric
light, gas, street railway and ice business of Lexington. Street railway
franchises in Lexington, Georgetown and Paris and for interurban lines are
perpetual; in Frankfort expires in June 1923. Electric light and power
franchise in Lexington expires in August 1916.
-In 1907 the Frankfort &
MERGER OF SUBSIDIARY COMPANIES.
Versailles Tract. and the Central Kentucky Tract. Co. were merged under
the name of the Central Kentucky Traction Co., with capital stock of $425,000, all owned by this company. V. 85, U. 344.
Interest. Outstanding. Maturity.
STOCK AND BONDS.Date.
$2,000,000
Common $2,000,000 ($50)_
Pref 81,000,000 ($50) see text
32,0_
1,387,000 Feb 11938
5 g F-A
Coll Trust Mtge $6,000,0001 1906
_cf Int. at Guar. Tr. & S. D. Co., Phila., Trus.
gold ($1,000)
6 g A-0
108,000
See text
Passenger do Belt 1st Mtge 1891
$200,000 ($1,000)
Int. at Amer. Tr.doSav. Bk. Chicago, Trus.
5 g J-D
1,392,000 June 11940
Lex. Ry. New M., $1,500,000 1899
•
gold ($1,000)c Continental Tr. Co., Baltimore, Trustee.
414,000 Itch 1 1934
5 g M-S
Blue Grass 1st Mtge 1700,000 1904
gold ($500 and $1,000) _cdor Int. at Cleveland Tr. Co., Clev., Trustee.
5 g M-N15
200,000Nov 15 1921
Georget'n & Lex'ton 1st mtge) 1901
$250,000 gold ($100, $500)Int. at Cincin. Tr. Co., Trus., and at Stand.c&r1 ant Trust Co., New York
and $1,000).
5 F-A
623,000 Aug 1 1937
Cent Ken Tract 1st mtgel 1907
ka $4,000,000
c*JGuar.Trust & Safe Dep. Co., Phila., trustee.
Stock.
-The preferred stock Is 8%. cumulative from Jan. 1 1908, and is
redeemable after 1910 at $60 per share, and is convertible into common stock.
See V. 84, pl. 220. Both classes of stock are listed on the Phila. Stock Exch.
V. 84. p. 626.
Bonds.
-01 the $6,000,000 coll, trust bonds, sufficient are reserved to
retire the bonds of the Blue Grass Traction Co. and the Georgetown & Lexington, and remainder reserved for betterments and acquisitions. *A sinking fund of ; % of bonds out is operative from 1916 to 1928; thereafter 1 %;
,
4
said fund to be Invested in the bonds at not higher than 110 and interest.
A sinking fund on the Lexington Ry. bonds will retire 1 % of the bonds an-




nually at 110 and interest. The Pass. & Belt By. bonds mature $15,000
annually, beginning April 1 1906.
EARNINGS.
-For year ending Dec. 31 1906, gross, $488,547: net,
$183,098; fixed charges, $176,778; surplus, $6,320.
ROAD.
-Operates Lexington city lines, 16 miles; Frankfort city lines,
8 miles; Winchester city lines, 346 miles; line from Lexington to Georgetown, 12 miles; line from Lexington to Paris, 18 miles; and a line from Lexington to Versailles, 13 miles. An extension of 16 miles from Versailles
to Frankfort is completed and in operation. Total track, about 863i miles.
Another extension from Lexington to Nicholasville is proposed. Rails, 56
to 80 lbs. Owns 25 closed and 33 open cars, 9 interurban passenger and
2 express cars, and has 42 double-motor and 11 quadruple motor equipments
-P., John Blair
OFFICERS.-Pres., J. Levering Jones, Philadelphia; V.
MacAfee, Phila.; Sec., Henry Rainey, Phila.; Treas., H. C. Delany, Phila.;
Auditor, 0. R. Bilbrow; Gen. Mgr., J. B. Crawford.
-V.81, p. 1723; V. 82,
p. 1380; V. 84, p. 220, 626; V. 85, p. 346, 1462.

LIMA OHIO.
WESTERN OHIO RY.--A trolley system of standard gauge, entirely on
private right of way.
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. Owns entire common stock of the Lima
Findlay & Toledo RI. In Aug. 1906 issued $400,000 new preferred stock
,
in exchange for the $400,000 pref. stock of that company. V. 83, p. 97.
157,381.
STOCK AND BONDS.Date.
Interest. Outstanding. Maturity.
Common $3,000,000 ($100)$3,000,000
...
Pref 6% cum. $400,000
400,000 No div. yet.
1st mortgage $3,000,000 gold(' 1901
5 g M-N
2,453,000 Nov 1 1921
($1,000) $26,500 per M__•cl Int. at Cit. Savings & Trust Co.. Cleveland,
Trustee, or First National Bank, N. Y.
5 g J-J
L F & T 1st mtge $600,000( 1905
400,000 July 1 1925
c( Int. at Citizens Savings & Trust Co., Clevegold ($1,000)_
( land. Trustee, or in New York.
Bonds.
-The West Ohio bonds have no sinking fund and bonds are not
subject to call. See V. 76, p. 160, for agreement among bondholders. The
Lima Findlay do Tol. bonds have a sinking fund of *10,000 per ann., beginning in 1891. Are subject to call at 105. V.80, p. 2344.
ROAD.
-Lima via Wapakoneta to Piqua; Wapakoneta via St. Mary's to
miles of main line;
Celina; St. Mary's to Minster; making altogether 78
also, sidings, 10 miles. Last section completed Dec. 1 1903. Also Lima to
Findlay, 31.9 miles, thus completing a through line to Toledo. Total of all
mileage about 120 miles. Standard gauge. Operates 19 passenger and 6
other cars.
OFFICERS.-Pres.,A. E. Akins; 1st V.
-P. and Gen.
-P., L.J. Wolf; 2d V.
Mgr., F. D. Carpenter; Sec. & Asst. Treas., H. C. Lang: Treas.. M. J. Mandelbaum.-V. 82, p. 162; V. 83, p. 97, 157, 381; V. 85, p. 1520.

LINCOLN, NEB

-A
LINCOLN TRACTION. trolley road.
-Successor in January 1898 to Lincoln Street By.,
ORGANIZATION.
foreclosed Dec. 17 1897 and reorganized per plan in V. 65, p. 277.
-On Sept. 29 1907 announced that, agreeably
REDUCTION OF FARES.
with order of State RR. Commission,it will sell six tickets for 25 cents to
adults and 10 for 25 cents to school children. V.85, p. 864.
Interest. Outstanding. Maturity.
Date.
STOCK AND BONDS.$330,000 Oct 15'07 4%
A-0
Common stock ($100). ___ .___ ____
7C10,000 Jan 15'08 2
5 J-J
Preferred (cumulative)
150,000 Jan 1 1920
5 g J-J
1st mtge gold ($1,000) $250,-1 1899
000 authorized
c•I Interest at New York Trust Co., Trustee.
Dividends.
-On pref. commenced July 15 1901, 2;4 %; in 1902,5% and
5% in stock; in 1903, 5% and 10% accumulated dividends; in 1904,
5%;in 1905, 5%;in 1906, 5%;in 1907, 5%. On corn. stock, In 1903, 5%;
In 1904, 5%; in 1905, 5%; in 1906, 6%; in 1907, 8%.
1905.
1906.
EARNINGS.
-Calendar year:
1907.
Gross earnings
$408,216 $376,461 $316,922
238,000
314,245
Interest, oper. expenses and reconstruction.. 375,324
$78,922
Surplus
$62,216
$32,892
ROAD.
-Owns about 42 miles of track.
OFFICERS.-Pres., M. L. Scudder, New York: V.
-P., Wm. Belcher.
-V. 77, p 2280; V. 82, p.
Sec. & Treas., F. H. Carter, 52 Wall St., N. Y.
751;V.84, p. 804, V.85, p. 864.

LITTLE ROCK, ARK.
LITTLE ROCK RAI LW AY cc ELECTRIC CO.
-Incorporated in Arkansas in March 1903 and is a
ORGANIZATION.
consolidation of the Little Rock Traction & Electric Co. (granted a new
franchise on Sept. 28 1901 for 30 years; V.73, p. 784) and the Little Rock
Edison Electric Light & Power Co. (franchise unlimited). Operates all
street railways in city and all commercial electric lighting; also large portion
of lighting in Argenta, Ark. Controlled by American Cities Railway &
Light Co. Isidore Newman & Son of New Orleans and New York are
fiscal agents.
Interest. Outstanding. Maturity.
Date.
STOCK AND BONDS$1,500,000 Jan'08, 2%
4 J-J
Common, $1,500,000
750,000 Jan'08, 3%
Pref, 6% cum, $750,000
. _6 J-J
2,000,000 April 1 1933
5 g A-0
mortgage, $2,000,000,( 1903
1st
Interest at Com. Germania Trust & Savings
gold ($1,000)
I Bank, New Orleans, Trus., or fisc. agts..N.Y.
Bonds.
-Are subject to call on 60 days' notice on any int. period at 107%.
Sink, fund of ;si % of 1% of outstanding bonds 1908 to 1917, 1% thereafter
-On pref., 6% per annum paid up to and including Jan. 1908.
Dividends.
On common, 1906, 2%;in 1907, 4%; in 1908. Jan., 2%.
EARNINGS.
-Far calendar years:
Surplus.
Fixed chges.
Net.
Gross.
Year*210,474.
*101,367
1311,841
$642,011
1907
138,867
97,723
236,590
535,498
1906
-Operates 30 miles of track, including 9 miles of double track
ROAD.
Rails, 70-lb. and over. 41 open, 39 closed and 7 semi-convertibie cars
total. 87.
OFFICERS.-Pres., W. E. Hemingway; Sec., Geo. B. Rose; Treas. and
-V. 76, p. 593, 810, 864;
Gen. Mgr., D. A. Hegarty; Aud.. NV. J. Tharp.
V.82, p. 628. 1438; V. 83, p. 38.

_
LOCKPORT, N. Y.

INTERNATIONAL TRACTION CO --See Statement under Buffalo.

LONG BRANCH, N. J.
MONMOUTH ...AUNTY ELECTRIC CO.ORGA.NIZATION.-Incorporated Apr. 1 1901 as a reorganization of
the Atlantic Highlands Red Bank & Long Branch Electric By. In April
1903 was granted a 45-year franchise to operate in Long Branch, in consideration of which the town is to receive ;i of 1 % of gross receipts.
Interest. Outstanding. Maturity.
STOOK AND BONDSDate.
$400,000
Stock,$500,000($50)
490,000 Apr. 1 1951
4 g J-J
1st mort., 1500,000 ($1001 1901
_c*JInt. at HAM. Trust Co., Brooklyn, Trustee.
and $1,000) gold_
47,870
Other debts Dec. 31 tdof
ROAD.
-Red Bank to Long Branch, 6t miles and 2d track, 2'. miles:
Ftrd Bank to East . Oceanic, 5 miles; in Long Branch, 3 miles; in Red
Bank, 1
miles; total, 18t4 miles.
EARNINCS.-For calendar year 1907, passenger earnings, $81,926:
net recelp's, $19,340; other Income, $1,574; fixed charges, 811,444; surplus. $9,470.
-V. 72, p. 85. $91.
OFFICERS.-Pres., William F. Hogan, Jersey City.

LONG ISLAND CITY, N. Y.
LONG ISLAND CONSOLIDATED El ECTR1CAL COMPANIES.
ORGAN IZATIONI.-Entire stock is owned by the Long Island RR. Incorporated in New York and holds the entire stock of the Huntington RR..
the Ocean Electric By.. the Northport Traction Co., the Nassau County
Ry., the Glen Cove RR. and the Jamaica & South Shore RR., and the
Babylon RR. Also owns one-half the stock (the Interborough Rapid
Transit Co. owning the other half) and bonds of the N. Y. & Long Island
Traction and the Long Island Electric Ry.

56

STREET RAILWAYS.

Has planned the construction of a cross-Island line from Huntington to
Babylon via Farmingdale and Amityville. Ponds to be obtained by sale
of company's bonds. Three miles of track have been laid and 7 miles of
grading finished.
STOCK AND BONDSDate.
Interest. Outstanding. Maturtty.
Stock, $25,000
All owned by Long Island RIt.
Coll. tr. bonds, 510,000,0001 1006 43i g
None.
1046
gold, guar
JU. S. Mtge. & Trust Co., N. Y., Trustee.
Bonds.
-Are guar., principal and interest, by Long Island RR.
OFFICERS.-Pres., Ralph Peters; V.
-P., C L. Addison; See. and Treas.,
Prank E. Half, New York.
-V.83. p. 890.
(I.) Long Island Electric Ry.-A trolley road.
In Jan. 1906 control passed to the Interborough Rapid Transit Co.
and the Long Island Consolidated Electrical Companies, each owning onehalf the stock and bonds.
ORGANIZATION.
-Chartered March 13 1897 as New York & North
Shore Ry. On Oct. 11 1800 was consolidated with the former Long Island
Electric Ry., new company having $2,100.000 capital stock and 52,100.000
bonds. On May 7 1902 the lines notth of Jamaica were sold under foreclosure to the Queens By. Co., which company was then merged into the
New York & Queens County By. Fly this foreselosure 51,500,000 each of
stock and bonds were canceled, leaving each at $600,000. On Oct. 1 1903
old name of "Long Island Electric Ry." was resumed.
Rtght to Carry Express Matter.-In October 1899 the Appellate Division
of the Supreme Court upheld the right of the Long Island Electric under the
General Railroad law to run cars carrying express matter. V. 69, p. 744.
Decision was affirmed by Court of Appeals in June 1900. V. 70, 1249
STOCK AND BONDSDate.
Interest. Outstanding. Maturity.
Stock, 3600,000 ($100)
$600,000
L. I. El. 1st M., 5600,0001 1895
5 a J-D
600,000 June 1 1925
p($1,000)
-c*jInt. at;Hamilton Tr.Co., Brooklyn,Trustee.
PREARNINGS.-For year ending June 30 1907,1gross, $200,182; net,
$58,347; charges, $37,500;,surplus, $20,847.11
.014 ms, ,_
12
ROAD.
-Comprises 26.74 miles of road front Crescent Avenue, Brooklyn
(at the terminus of the Kings County Elevated) to Jamaica. Hollis and
Queens, and from Jamaica to Far Rockaway. 37 passenger cars and 5
others.
-V. 77, p. 89, 511, 512; V. 83, p. 818.
(2) New York & Long Island Traction.
-A trolley road.
On June 20 1905 control was purchased jointly by the Interborough
Rapid Transit Co. and the Long Island Consol. Elec. Cos. and new officers
elected as below. V. 80, p. 2622. The Interborough also controls the
New York & Queens County By. In Oct. 1906 the RR. Commissioners
authorized $600,000 new stock to be Issued for the stock of the Long Island
Elec. By. (see V. 83. p. 818), but it is not deemed probable that exchange
wLU be made.
ORGANIZATION.
-This was formerly the Mineola Hempstead & Freeport Traction (incorporated on Feb. 27 1899), but name changed AS above
on July 1 1902 and stock increased from $125,000 to $1,000,000. A.1
STOCK AND BONDSDate.
Interest. Outstanding. Last Die'
Common,$750,000 ($501
5750,00(1
Pref.,5%cum.,$250,000 ($50)
250 000
1002 4 Yi g M-N
1,000,000 Nov. 11942
at mtge., $1,000,000, gold
Int. at Citizens' Say. & Tr. Co., Cleve(51.000) c. & r
_ land, trustee, or at 1st Nat. Bank, N. N
Bonds.
-Are subject to call at 107 at 30 days' notice, but no sink. fund.
EARNINGS.
-For year ending June 30 1907, gross, $242,526; net,
$70,674; fixed charges, $60,531; surplus, $10,143.4 _
ROAD.
-Operates an electric line connecting Mineola, Hempstead and
Freeport, 7.81 miles. Also operates line from Hempstead west 5.58
miles to Queens, where connection is made with the tracks of the Long
Island Electric By. Co. Also a line 16.42 miles long from Freeport westerly
via Rockville Centre, Lynbrook and Valley Stream, to a connection with the
Kings County Elevated By. at Brooklyn. Also a line from Queens to
Mineola via Jericho Turnpike, 5.76 miles. Total, 35.60 miles, including
second track, 40.03 miles. A line will be built later to Long Beach and also
one t Babylon. 29 passenger and 7 other
4 ,
* .' 1f
craFICERS.-Pres. & flan. Mgr.`F. L.•Fuller, Long Island City; V.
-P.
C. L. Allison; Sec. and Treas., Frank E. Half, 128 Broadway, N. Y. V.80
p. 1479. 2345, 2458, 2622; V. 83, p. 818; V. 84, p.868.
NEW YORK & QUEENS COUNTY RY Entire capital stock Is owned by the Interborough Rapid Transit Co.
which also owns one-half of the stock of the,,Long Island Electric Rwy. and
the New York ee Long Island Traction.
jr ORGANIZATION.
-Incorporated June 20 1896 and reorganized on June
30 1899. Purchased the various lines of railroad in Long Island City known
as the Newtown By.Co.,the Riker Ave.& Sandfords Point RR., the Steinway Railway, the Long Island City & Newtown By. and the Flushing &
College Point By. In May 1902 the Queens Ry. was consolidated with it,
and thereupon increased Its stock from $2,500,000 to $5 000,000. The
Queens fly. succeeded to the property sold at foreclosure of the New York
& North Shore By.,comprising a line of six miles from Flushing to Jamaica.
with franchises for lines between Flushing and College Point, Flushing and
Baystde and Manhasset. V. 74, p. 1197. In Sept. 1908 the Railroad
Commissioners granted permission to make a new mortgage for $10,000,000
to provide for refunding, &c. V.82, p. 1439; V.83, p. 752.
STOOK AND BONDSDate. ,[Interest. Outstanding. Maturity
Stock, $5,000,000 0100)
$3,235,000
Flushing & College Point first 1805
5 g J-D
50,000
1925
mortgage,$125,000, gold__
New York Trust Co., Trustee.
Newtown By first mortgage, 1894
5 g J-D
150.000 Dec. 11024
5150,000 gold
New York Trust Co., Trustee.
Steinway By. first mortgage, 1892
1,500.000 July 1 1922
6 a J-J
*1,500,000($1,000),gold.c* Int. at Morton Trust Co., N. Y. City, Trustee
New York & Queens County 1896
1,300.000 Oct. 11940
4 a A-0
first consol mortgage. gold Mercantile Trust Co., New York, Trustee.
51,000 each
Interest at office of company, New York.
First & refunding mtge. $10,- 1906
4 g M-N
(1)
Nov. 1 1936
000.000. gold ($1,000)__c* Windsor Trust Co.. New York, Trustee.
Loans payable July 11907
465,000
Of the new $10,000,000 mortgage, $3,065,000 are reserved for prior liens
and $6,135,000 for additions and Improvements. No sinking fund and
bonds are not subject to call. Under the New York & Queens County first
consolidated mortgage there were originally $2,500,000 bond, outstanding,
but the company, having defaulted in the payment of interest a reorganization was made, under which the holders surrendered $1,200 L0(); interest
was reduced to 4% and the Mercantile Trust Co., N. Y., was made the new
trustee. The said bonds are redeemable at 105 and interest. V.69. p. 906.
ROAD.
-The system.wIth the Queens Railway,embraces 74.47 miles of
olley track, including main line, 40.24 miles; second track. 23 96; sidings,
5.27. Rails 77 to 107 lbs. standard gauge, 226 closed and open cars; Ill work
cars; 7 snowplows and 6 freight cars.
REPORT.
-For fiscal years ending June 30:
Gross.
Net.
0th. inc.
Int. & Taxes. Surplus.
1906-7_$892,467
$151,560
$20,745
$204,573 def.$32,268
1905-6_ _ 839,732
275,386
12,461
203,987
83,860
OFFICERS.-Pres., & Gen. Mgr., F. L. Fuller, L. I. City; Sec., H.
M. Fisher; Treas., D.W.McWilliams.
-V 77. p. 299, 350; V. 82, p. 1439:
V. 83, p. 752; V. 84, p. 804.

[V.oL. Lxxxvi.

STOCK AND BONDSDate.
Interest. Outstandtn . Matur
Stock,520,000,000 ($100)
$20,000,000
__
Congo'. mtge.. $10.000,000,1 1902
5 g J-J
8,494,000 Jan. 1 1942
gold ($1,000)
__
tat. at Tinton Tr. Co., San Fran., Trustee.
$1,000,-1
Los. Arm & Pas. M.,
000, gold, guar.l$1,0001 0} 1808
5 g J-J
1,000,000 Jan. 1 1928
Can be called after Jan. 1 Int. at III. Tr. & Say. Bk., Chic., Trustee,
1908 at 105.
1 or at Chase Nat. Bank, New York.
Pas. & Mt. L. snort. $500,-1
___c*} 1900
000, gold ($1,000)
4 g J-D
500,000 June 1 1930
Can be called after 1910 at I Interest at Union Trust Co., San Francisco,
104 and interest.
) Trustee.
Bonds.
-A sufficient amount of the $10,000,000 consols Is reserved to
retire prior issues. Sinking band Is $5,000 per annum, commencing Jan. 1
1907, for 5 years; then 510,000 per annum to Jan. 1 1917; $15,000 per annum to Jan. 1 1922; $20,000 per annum to Jan. 1 1027; $25,000 per annum
to Jan. 1 1932, $30,000 per annum to Jan. 1 1937 and $35,000 annually
thereafter, said sinking fund to be used in the purchase of the bonds, but
fund may be invested in other securities if bonds cannot be obtained at par,
The bonds of the Los Angeles & Pasadena bear the guaranty of the Los
Angeles By. by endorsement. A sinking fund of $10,500 per year on those
bonds begins f)ec. 1 1008, and bonds may be called at 105 on any interest
date after Jan. 1 1908. The bonds of the Pasadena & Mt. Lowe are guaranteed, principal and interest, by both the Los Angeles By. and the Los '
Angeles & Pasadena Electric Ry. A sinking fend for those bonds commences after 1(1 years from date of bonds of $5,000 per annum for first 5
years, $7,500 per annum for second 5 years, $10,000 per annum for next 5
years and $12,500 per annum for remaining 5 years. '1 hese bonds may be
called after 10 years on any interest date upon 4 weeks' notice at 104 and
Interest.
ROAD.
-The Pacific Electric Ry. In Feb. 1908 operated 211.56 miles of
track and the Los Angeles Inter. 310.52 miles: total, 522.08 miles.
OFFICERS.-Pres., H. E. Huntington; V.
-P., W. F. Herrin; Sec.,
G. W. Mulks; Treas., I. W. Hellman.
-V.80, p. 651; V. 84, p. 1248.
LOS ANGELES INTERURBAN R'.
-Wee Map An page 57.)
ORGANIZATION.-Incorporated in California on June 8 1003 and is a
consolidation of the Los Angeles Traction Co., the Los Angeles & Glendale
By. and the California Pae, By. The Riverside & Arlington By., the
Santa Ana & Orange Motor By. and the San Gabriel Rapid Tr. Ry, have
also been acauired. The Los Angeles Interurban By. Is one of the Huntington roads.
STOCK AND BONDSDate.
Interest. Outstanding. Maturity.
dtack,510.000,000 (5100)
510.000,000
New M., $10,000,000, g. 1003
5 g A-0
4,650,000
194$
($1,000) guar___. .G. & r. Int. at Union Tr. Co., San Fran., Trustee.
Los Ana. Trac. 1st mort., 1895
6 g M-N
250,000 Mar
1915
$250,000, gold I $l.000) St. Louis Union Tr. Co., St. Louis, Trustee
Los. Aang. Trac. 1st con. M., 1898
5 g .1- D
250,000 Dec. 1 193
gold, $250,000 ($1,000). _ _ St. Louts-Union Tr. Co., St. Louis. Trustee.
Interest of both s,bove mortgares at Chase National Bank, N. Y.
Cal. Pac, Ry. 1st M., gold 1001
5 g J-J
4)10,0(10 July 1 194
($1,000), guar
_el Title Ins. it Trust Co.. Los Angeles, Trustee
Bonds -Of the California Pacific Ry. no stated amount anthoriren,
but
is limited to $20,000 per mile of completed track. No sinking fund on these
bond?, and bonds cannot be called. Interest is payable In N. V. City.
These bonds are guaranteed by the Los Angeles Trac.Co., both principal and
int. See V. 75, p. 76. A sinking fund is provided for the new 510,000 000
mortgage as follows: 1908 to 1912 inclusive, $5,000 per annum; 1913 to 1911,
Inclusive, $10,000 per annum; 1918 to 1022, Inclusive, $15,000 per annum;
1923 to 1927, inclusive, $20,000 per annum: 1028 to 1032, Inclusive, $25,000
per annum; 1933 to 1937, inclusive, $30,000 ner annum, and thereafter to
maturity, 535,000 per annum. The bonds are subject to call for the sinking
fond at a price to he determined by the directors. These bonds are guaranteed as to both principal and Interest by the Pacific Elec. Rs%
-Operates 310.52 miles of track.
ROAD.
OFFICERS.-Pres., H. F. Huntington; V.-P., W.F. Herrin; See., G. W.
Mulks: Treas.. T W. Hellman; Supt., S. B. McLennan. V. 79, p. 627.
2588; V. 80. p. 651.
LOS ANGELES R A I LWAY.-(See map on page 57.)
Is one of the Huntington properties, Mr. Huntington being reported to
be the owner of 55 ro of the stock. See V. 80, p.651.
ORGANIZATION.
-Successor by consolidation Sept. 29 1898 of Los
Angeles By. and Main St. & Agricultural Park RR. and by purchase of the
Mateo Street RR. and San Pedro Street RR. V. 63, p. 85. Owns $5,050,000 of the $10,000,000 stock of the Pacific Light & Power Co. of Los Angeles.
STOCK AND BONDSDate.
Interest. Outstanding. Maturity.
Stock, $5,000,000 (par, $100)_
$5,000,000
New mortgage, $5,000,000,1 1398
5 g A-0
5,000,000 Oct 1 1938
gold ($1,000 each)
c*1Int. at co's office, San Francisco, Cal.
The trustee of the new mortgage of 1898 is the Union Trust Co. of
Francisco, Cal. On 30 days' notice interest may be made payable at San
the
National City Bank, New York.
EARNINGS.
-For calendar year 1906, gross, $3,276,130; net, $044,279.
In 1905, gross, $2,683,404; net, $811,149.
ROAD.
-Comprises 212.93 miles of track.
OFFICERS.-Pres., H. E. Huntington; V.-P., W. F. Herrin; Treas.,
I. W. Hellman; Sec., E. B. Holladay, San Francisco; Gen, Mgr., Howard
E. Huntington, Los Angeles.
-V.78, p. 229; V. 80, p. 651; V. 86, p. 52.
(l) Pacific 1 ight & Power co.
-An electric company.
Owns all the stock of the Ontario & San Antonio Heights By., the San
Bernardino Gas & Electric Co., the Mentone Power Co. and the Riverside
Power Co. Has contract to purchase stock In the Sierre Power Co., hich
has $17,000 bonds out; the Mentone Power Co.. has $37,000 bonds Out.
ORGANIZATION.-Ineorporated in California on March 6 1902 and
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 By. Co. Supplies power to the Los Angeles By. Co., the Pacific Electric Ry. Co., the
Los Angeles Interurban, the Los Angeles & Redondo By. Co., and does a
general lighting and power business in Los Angeles and vicinity.
STOCK AND BONDS
Date.
Interest. Outstanding, Maturity,
Stock, 510,000,000 ($100).
$10,000,000
First mortgage *10,000.0001 1902
'8,123,000 July 1 1942
3-g J-J
gold ($1,000)
c&rjInt. at Union Trust Co., San Fran., Trustee.

•$1,500,000 outstanding bonds are guar by Los Angeles Ry.-V.86, is. 53.
Ronds.-$366,000 are reserved to retire a like amount of bonds of the
San Gabriel Electric Co. Bonds cannot be called. A sinking fund commences on Jan. 1 1905 of 2% of bonds outstanding for first 5 years and on
and after Jan. 1910 254% until and Including Jan. 1 1942; said fund to be
Invested in the bonds at not less than 110; otherwise in other securities.
Up to Jan. 1008 $307,000 has been retired in sinking fund.
EARNINGS.
-For calendar year 1907, gross, $1,281,055; net, $740,239;
interest, $336,097; surplus. $413,142. In 1906, gross, $1,332,534; net.
$699,093; Interest, $339,431; surplus, $359,662.
PLANT.
-Generates electricity for light and power. Present generating
capacity, 43,000 h.
-p. Water power, also steam plant, in Los Angeles.
-p. plant on Kern River, 125 miles from Los Angeles. Two
Has 15,000 h.
separate transmission lines running the entire distance are used. Hydraulic
plants at Azusa, at San Antonio, at Mentone and at Riverside. 20,000 h.
-p.
steam plant at Redondo being constructed. V. 75, p. 457, 1150; V. 86,
LOS ANGELES, CAL.
p. 55.
PACIFIC ELECTRIC RV.
OFFICERS.-Pres., William G. Kerchoff; V.
-(See Map on page 57.)
-A trolley road.
-P., H. E. Huntington:
In October 1903 the Kuhn, Loeb-Harriman interests in Southern Pacific Gen. Mgr., A. C. Balch.
-By. became connected with Mr. H. E. Huntington in the control of this
comnanv, the Southern Pacific Co. owning $10,000,000 of the $20,000,000
LOS ANGELES
CO. -An electric road. The Harriman interstock. See V. 80, p. 851.for item concerning purchase of minority interest ests are in control. V. 82, p. 751.
ORGANIZATION.
-This company was Incorporated under the laws of
ORGANIZATION.
-Successor in 1005 to the Los Angeles Pacific RailCalifornia in 1901, and is a consolidation of the Los Angeles & Pasadena road, which was organized June 4 1898. In Jan. 1901 purchased the Los
Electric By. Pasadena & Mount Lowe Ry., Pacific Electric of Arizona, the Angeles Ocean Park & Santa Monica RR. V. 78, p. 341.
East Ninth St. By.. the Temple St. Cable Ry. and the Brooklyn Ave. Ry.,
In August 1907 company was understood to be contemplating the making
comprising nearly all the Interurban lines In and around Los Angeles. ID of a new $20,000,000 mtge. to furnish means for further Improvements and
Oct. 1903 the stockholders authorized an Increase of stock from $10,000,- extensions and to provide for ultimate retirement of existing issues.
$20,000,000. V. 77, p. 1534.
000 to
V. 85, p. 531.




'
,
nine

LENDALE

St Icker St.
crEri DALE
Lomita
Darr`co
Park )\ve.
Tropico Ave.
Fernando R24
Richardson
Cascajo
Ivanhoe
High Bridge
Monte Vista

• S ROS r NOPM,
a S aY
pta
Pe
kin 4.74,11 ,4r8 Rd.
"
eyard
E.SAN GABRIEL
SAN GABRIEL
L'HA NI B-R A (GaTfield Ave.)
—

Graham
Latin
Elcoat
WATTS
Rarnsaur
. Abila
Springdale
Hersom
Willow Brook
Sativo
Walton
COMPTON

PACIFIC ELECTRIC RAILWAY




58

STREET RAILWAYS.

STOCK AND BONDSInterest. Outstanding. Maturity.
Date.
Stock, $15,000,000 (par, $100)
515,000,000
LA Pac RR 1st M, $1,000,-f 1898 5J10-D10
100,000
1928
000, gold ($1,000)
Int. at Broadway Bk.& Tr. Co., Los An.,Tr..
. 1 Ill. Tr.&Sav.Bk.,Chic.,or Chase Nat.Bk ,
I New York.
L A Pas RR 1st con mtgea 1901
5 A-0
1,400,000 April 1 1931
$1,500.000, gold ($1,000) _i Broadway Bk. & Tr. Co., Los Ang., Trustee.
I Int. at Crocker Nat. Bk. San Francisco.
LA Pac RR 1st and ref mtge,( 1903
5 g M-S
3,250,000 Sept 11043
$5,000,000, gold ($1,000)c I Int. at Los Angeles Trust Co., Trustee, or
I at U. S. Mort. & Trust Co. New York.
L A Pac Co gen consol rntge, 1906
5 g J-J
5,000,000 Jan 2 1946
'
$12,500,000 g ($1,000) __CCInt. at Union Trust Co. San Fran., Trustee,
1 or at Farmers' Sr Afeeh. Nat. Pk., Los
I Angeles, or Chase Nat. Bank, New York.
Los Ang Her 13 & Red al,j 1902
5 g MN
150,000
1942
$500,000, g ($1,000) .
lint. at Crocker Nat. Bk., San Francisco
Bonds.-Of the $5,0e0,000 1st and ref. bonds authorized, $2,067,000 are
reserved to retire prior liens and $700,000 for extensions at 75% of cost,
when net earnings are 1 X times interest charges on bonds, including those
to be issued. A sinking fund begins in 1903, to which $50,000 per annum
is payable the first 5 years, $60,000 per annum the next 5 years, $70,000
per annum the next 5 years, $80,000 yearly the following 5 years, $90,000
per annun. the next 5 years,$100,000 yearly the following 5 years and
$150,000 per annum thereafter. These bonds are not subject to call. On the
new bonds of 1906 the following sums are payable annually
sinking
fund: 1911 to 1915, $10,000 per annum; 1916 to 1920, $15,000to a annum;
per
1921 to 1925, $40,000 annually; 1926 to 1930, $75,000 per annum;
1944, $80,000 annually, and 1945 to 1946, $90,000 per annum. 1931 to
Of the
$12,500,000 authorized, $5,000,000 are reserved for prior liens
and $5,000,000 for other purposes.
EARNINGS.
-For calendar year 1905, gross, $1,154,519; net. $419,384.
ROAD.
-Owns four lines of trolley road from Los Angeles to
Ocean, the entire local system of Santa Monica, with branch the Pacific
lines from
Los Angeles to Hollywood, Colegrove, Westgate, Redondo Beach, Soldiers
Home and Inglewood, constituting 68.9 miles of double track;
176 miles of single track. Operates 2 large power houses at total mileage.
Sherman and
Vineyard, with machine shops and car shops at Sherman.
OFFICERS.-Pres. and Mgr. E. P. Clark; V.
-P. and Mgr., M. H. Sherman; Sec. A. I. Smith; Treas., M. E. Hammond; Auditor, G. L.
'
Bugbee;
Supt., R. P. Sherman.
'
-V. 82, p. 100, 161, 751; V. 85,p. 531.

LOS ANGELES & REDONDO RY.-A trolley road.
In July 1905 H. E. Huntington purchased the entire capital stock.
V. 81, p. 211.
ORGANIZATION -Incorporated in California. Caiptal stock was Increased In May 1903 from $500,000 to $1,000,000. V. 75, p.
1143.
STOCK AND BONDSInterest. Outstanding. Maturity,
Date.
Stock, 3500,000 ($100) _____ - $500,000
• - - -1st mortgage, 5500,000, gold1 1902
5 g J-J15
500,000 Jan 15 1932
($1,000)
_ . c*jInt. at Union Trust Co.. San Fran., Trustee.
ROAD.
-Operates 84.33 miles of track. Gauge 3 X feet. Operated by
electricity. Cars equipped with 4 motors of 50 h.
-p. each.,Passenger
cars, 34; freight and miscellaneous, 108. V. 81, p. 211.

LOUISVILLE, KY.
LOUISVILLE TRACTION CO.
-A holding company.

ROAD.
-Operates 27 miles between Louisville, Beards and La Grange,
on private right of way. 70-113. rails. An extension from Lakeland to
Shelbyville 24 miles is expected to be completed in Aug. 1908. Is also
building from Shelbyville to Frankfort, 22 miles; and a branch from the
main line to Newcastle, 16 miles. 10 passenger cars and 2 express cars.
OFFICERS.-Pres., F. M. Fauvre; V.
-P. and Gen. Mgr., Percival
Moore, Louisville.
-V.81, p. 1100; V. 82, p. 987, 1102.

INDIANAPOLIS & LOUISVILLE TRACTION CO.
-A trolley road.
ORGANIZATION.-Incorporated in Indiana in 1905 under the general
railroad laws. Franchises In cities and towns are for 50 years from 1905;
remainder is on private right of was-,
STOCK AND BONDSDate,
Interest. Outstanding. Maturity,
Common, $2,500,000
$2,356,800
Pref, $500,000 ($100)
100,000
1st mortgage, $1,250,000, 1905
1,250,000 April 1 1936
5 g A-0
gold ($1,000)
Int. at Colonial Trust Co., Pittsb., Trustee.
Mtge & coil tr notes, $400,000 1907
300,000 July 1 1912
6 g .T-J
($1,000 and $500), g__c&r Int. at Colonial Trust Co., Pittsb., Trustee.
Bonds.
-On 1st mtge. bonds a sinking fund of 5% per annum of gross
earnings commences April 1 1916. They are subject to call on any int. date
at 105 and int. The trust notes are convertible at option of holder at par
Into pref. stock. Can be called on 90 days' notice at 1023i and int.
-41.8 miles of track from Seliersburg (from which point cars
ROAD.
are run into Louisville over tracks of Louisville & Northern By. & Ltg. Co.)
to Seymour, from which place it will enter Indianapolis over the tracks of
the Ind. Col. & South., with which it has a contract. Road put in operation
in 1907. Through limited cars from Louisville to Indianapolis are expected
to be operating by April 1908. Standard gauge, 75-1b. T rails.
OFFICERS.
-President,James M. Andrew; Vice-Pres., Jno. E.
Louisville; V.
-P., W. L. Lyons, Louisville and New York Sec. andGreeley,
Treas.,
Alexander C. Thompson, Pittsburgh; Asst. Sec. and Treas., Robt. J.
Thompson, Louisville; Gen. Mgr., A. A. Anderson, Seymour, Ind. Office.
Columbia Bldg., Louisville, Ky.-V. 83, p. 155, 562, 1290; V. 85, p. 793.
LOUISVILLE & NORTHERN RAILWA1 Nc LIGHTING.

ORGANIZATION.
-Incorporated under the general railroad
indiaga In Dec. 1905, $900,000 of the $1,000.000 stock of the laws of
Lnited
Gas 6 Electric Co and 5232,700 stock of the New Albany Water V. arks
Co are deposited under this company's mortgage. Has purchased the
electrical eluipment of the Kentucky & Indiana Bridge Co., and leases the
bridge tor 25 years, thus affording independent entrance Into Louisville.
Company does electric lighting and express and freight business in addition
to passenger business. Road is mainly on pri‘ate right of
STOCK AND BONDS-Interest. Outstanding. Maturity.
Date.
03111T/1011, $3,500,000_
$3,500,000
Pref, $1,500,000, series A & It
.
1,500,000
See text
Q-Jr
mertgage, $2,500,000, gf 1905
1st
5 g I'D
500,000 Dec 1 1925
($500 and $1.000)__ .c*ti Int. at Amer. Tr. s3 Sac. Bank, Chicago,
Trustee, or at Eliot Nat. Bank,
honds.-Unisseed bonds can only he issued for 89% of cost ofBoston.
property
built or acquired. Are subject to call after Dee. 1 1910 at 105 and interest.
V. 82. p. 368.
Stock.- The Series A pref. stock is 6% cum.; the Series B is cum. and will
receive 2% in 1905,3% in 1907, 45, In 1908,5% in 1909 and 6% In 1910
and thereafter.
Dividends.-DIvIdends from July 1 1906 on both classes of pref. tock
have been paid at rates called for up to and Including Jan. 1908.
ROAD -Operates 20 miles of track. Louisville to Charlestown, with a
line branching off at Watson and running to Sellersburg. At Sellersbnrg
connects with the Ind. & Louise. Traction Co., running to Seymour, where
connection is made with the Ind. Col. & So., thus forming a through line
between Louisville & Indianapolis. The line from t.oulsville to Charlestown
will form part of a through line between l•rnisville and Cincinnati. Standard g,amee. 70-lb. T rail.
OFFICERS.-Pres., Samuel Insull, Chicagee V.
-P. and Treas.. R. W.
Waite;Sec., F. J. Strattor; Gen. Mgr., Martin J. Insull.-V. 82, p. 509, 868.
(1) United Gas & Electric Co.
ORGANIZATION.
-Incorporated in Indiana in 1902 and acquired the
New Albany Gaslight & Coke Co., New Albany Light,
& Power Co.
Jeffersonville Electric Light, Heating, Gas & Coke Co.Heat Jeffersonville
and
Light & Water Co.; also controls the Louisville & Southern Indiana Traction
Co. Does entire gas and electric-lighting business in New Albany
Jeffersonville, and supplies also Port Fulton, Silver Grove, Clarksville and
and
Charlestown. Franchises, 45 years in New Albany and 50 years in Jeffersonville from 1902; in other towns from 20 to 40 years. Guarantees the
$250,000 first mortgage bonds of New Albany Street Railway Co.
STOCK AND BONDSDate.
Interest. Outstanding. Maturity.
Stock, $1,000,000 ($100)
$1,000,000
First mortgage $750,000 (51,-{ 1902
743,000
5 g J-J
See text.
000) gold
c* Interest at American Trust & Say. Bank,
Chic., Trus., and at Eliot Nat. Bk., Bost.
First consolidated mortgage,) 1904
See text
5 g J-J
See text.
$1,500,000 gold ($500 and Interest at American Trust & Savings Bank,
$1,000)
c*
Chic., Trus., or at Eliot Nat. Bk., Boston.
Notes $500,000 8% gold (51,-1 1907
350,000 Aug 1 1912
6 F-A
000, $500 and $100)
cfInt. at Central Trust Co., Chicago, Trustee.
-$743,000 new consols are reserved to retire a like amount of
Bonds.
first 55; $365,000 are reserved for future betterments and improvements,
$385,000 are outstanding to secure the note issue and $7,000 have been
retired. Both issues mature serially from 1907 to 1942, but the bonds of
1902 may be called after July 1 1912 at 105 and interest; the new consols
after July 1 1924 at 105 and interest. See V. 79, p. 2458. The 1907 notes
are secured by 110% of the 1904 consolidated mortgage bonds. Can be
called at 101 and interest on 30 days' notice. Unissued notes are reserved
for future improvements. V. 85, p. 1466.
EARNINGS.
-For years ending May 31:
1905.
1906.
1907.
1904.
Gross earnings
$269,987 $263,220 $219,876 $197,885
Operating expenses and taxes,. 170,309
149,215
173,534
133,523

ORGANIZATION .-lneorporated in New Jersey on July 5 1903, and has
acquired practically all of the stock of the Louisville By. Co. Holders of
common stock of Louisville By., on payment of 555 in cash, received three
shares of new common stock in exchange for each share of old stock held.
Holders of the old preferred stock of the Louisville By. received share for
share of new preferred, with a bonus of 20% In common. The new company provided the Louisville Ry. Co. with needed money to be used for
Improvements, the railway company issuing $1,100,000 common stock
therefor. See V. 79, p. 968. The Traction Co. In March 1906 sold $912,000
additional stock to shareholders at par. See V. 82, p. 692. In April 1907
authorized common stock of the Traction Co. was Increased from 512,000,000 to $15,000,000. V. 84, p. 031.
The old Louisville Py. Co. was incorporated Jan. 22 1867. and Is a
tucky company, owning all the street railways in the city of LouisvilleKenand
Its suburbs. It has $5,000,000 common stock and $2,500,000 preferred
stock, practically all owned by the Louisville Traction Co. Franchises
are partly for 99 years and partly perpetual.
The Louisville & Interurban By. has been organized in the
the Louisville Ry. to construct a system of urban and interurbaninterest of
has been authorized to borrow $3,000,000. Up to Sept. 1907 no lines. It
had been issued except $1,215,000 stock to Louisville By. Co. securities
SI OCK AND BONDSInterest. Outstanding, maturity.
Date.
Common, $15,000,000 _ ____
Q-J
$11,880.000 Oct '07. 1
Pref, 5% cum, $2,500,000_
A-0
2,500,000 Oct'07,216 0
,.
)
Louisville City By
_ J fisi
6 g J-J
403,300 July 1 1009
1st mortgage, gold
1 Louisville Trust Co., Louis% ille, Ky.,Trustee
1888
6 11-N
173,000 Nov 1 1008
Central Pass. Ry.
------- Interest payable at First Nat. Bank, Louise.
Louisville Trust Co., Trustee.
Louisville By Cons el, gold,( 1890
5 g J-J
5,423,000 July 1 1930
$6,000,000 (listed N Y)_c*. Interest payable by Seligman & Co., N. Y.
( Fidelity Trust Co., Louisville, Trustee.
Louisville By 2d mtge. $2,- 11900 4 1, g 11-S
4
1,600,000 Mch 1 1940
000,000, g 01,000) _ _
f Int. at Columbia Tr. Co., Louisville, Trustee.
Loulsv By notes, 5500,0001
($1,000)
J 1907
6 J-D
500,000
1910
Bonds.
-Of the second mortgage bonds due 1940, nt more than $200,000
can be issued in any one year for improvements. V. 70, p. 430, 480, 532.
The 1907 Louisville By. notes are secured by $600,000 2d mtge. bonds of
that company and are subject to call June I 1908 or on any interest date
thereafter. V. 84, p. 1307.
DIVIDENDS.
-On Traction pref. 5% per annum. On corn, the
Net earnings
$89,686
$70,661
$99,678
$64,362
semi-annual dividend, 1 X %. was paid Oct. 1 1904 and 1 X % was first
again Interest
37,507
46,641
46,499
36,252
paid April 1 1905. On Oct. 1 1905 1.!4
and
% extra. In 1906, 4%,
In 1907, Jan., 1%; April, 1%; July, 1%; Oct., 1%. In 1908, Jan. div.
Balance
$43,045
533,154
$53,179
528,110
omitted.
OFFICERS.-Pres., Samuel Insull, Chicago; V.
-P. and Treas., R. W.
ROAD.
-Owns 145 miles of track on 62 miles of street; all Is
NValte; Sec., F.
Affords entrance.Into Louisville for the Louisville & Eastern RR, electric. Dunbar. V.80, J. Strattor; Gen. Mgr., Martin J. Insull; Supt., J. W.
and the
p. 1236; V.81, p. 1794; V. 82, p.871; V. 85, p. 737, 1466.
Louisville & So. Ind. Traction Co. The Louise. & Interurban operates
40 miles of track in Jefferson County.
(a) Louisville Se Southern Indiana Traction Co.
REPORT.
-Of Louisville Railway Co. for fiscal year ending Dec. 31.
ORGANIZATION.
-Incorporated in Indiana under the General Railroad
Annual meeting third week in February.
Laws in 1903, and is successor to the Southern Indiana Interurban Railway
Year.
1907.
1906. 1
Year.
Co. Leases the New Albany Street Railway Co. for 25 years from Aug.1
1907.
1906.
Gross earn'gs_52,668,146 $2,5J2,906 Dividends
1903 (with privilege of renewal for 25 years) at a yearly rental of $500, the
$496,737 $596,706
Net ___
_
000,198 1,020,682 Balance, surplus_ 35,334 *82,705 int. charges and taxes and divs. of 4% on $100.000 preferred stock. V. 77,
Interest pd_ . 368,126
350,2711
D. 769, In Sept. 1904 acquired the Highland RR. for $10,000 in
bonds;
-V. 79, p. 1643. In Dec. 1905
the Jeffersonville City Ry. See V.
* Of this amount $70,000 in 1906 was credited to depreciation account. 81, p. 1792. Is controlled byacquired
the United Gas & Electric Co., which see
above. Franchises owned are for 50 years: also permitted to carry freight.
OFFICERS.-Pres., T. J. 11Inary; V.-P. A. P. IlumphreY; See,
and
STOCK AND BONDSTreas.. Samuel G. Boyle.
Interest. Outstanding. Maturity.
Date.
-V. 80, p. 994, 1912;
V. 82, p. 692, 805;
p. 450, 570, 804, 931, 1183, 1307, 1367; V. 85, p. 284, 346; 1518; V. 34, Common, $2,000,000 ($10)
$2,000,000
_
V. 86; Pref 6%cum,$1,000,000
p. 168.
434,980
($10) _
First mortgage 51,000,0001 1903
5 g 11-S 13 1,000,000 Sept.15 1923
gold ($500,000 and $1.000) Int. at Amer. Trust & Say. Bank, Chicago,
LOUISVILI E & EASTERN RR.
-A trolley road.
Cs
and U. S. Trust Co., Louisville, Trustees.
In April 1906 the two old mortgages of the L. A. & P. V. were
New Albany St. Ry 5250,000f 1902
250,000 Aug. 1 19275 F-A
and the new mortgage given below was executed. V. 82, p. 987. retired
(51,000) guar prin & interlInt, at U. S. Trust Co., Louisville, trustee.
ORGANIZATION.-This was formerly the Louisville Anchorage &
Bonds.
-No sinking fund, but bonds are subject to call after 10 years at
Pewee Valley Electric By., incorporated Jan. 14 1901, but name
changed 105 and Interest. See V. 77, p. 769, 2339. The New Albany Street By.
as above in January 1903.
bonds are subject to call on
STOCK AND BONDS
Date.
Interest. Outstanding. Maturity. guaranteed by United Gas &any interest date at 105 and interest and are
Electric.
Stock, common, $2,000,000.
$2,000,000
EARNINGS.
-For fiscal year ending July 311907: Gross, 5257,972; net,
Prof. $400,000, 5%, non coo_
400.000
$83.031: interest, $49,999; dividends, $26,097; surplus, 50,935.
1906
650,000 April 1 1956
5 g LtO
ROAD.
-Operates 33 miles of track, including 1045 miles leased from
1st mortgage, $2,000,000,( Int. at Merchants' Nat. Bank,
Boston, or New Albany Street Ry., and also line between New Albany and Jeffersongold ($1,000), s t
1 Fourth Nat. Bank, New York.
ville, and city lines in Jeffersonville. An extension to Louisville was com'Old Colony Trust Co., Boston, Trestce.
In Sept. 1905. Has a contract with "Big Four" RR. for the use
Bonds.
-11 the $2,000,000 authorized, the balanre unisseed is reserved pleted bridge over
of its
Ohio River and with Louisville Railway Co. allowing its
for extensions, &c. See V. 82, p. 987. A sinking fund of 1 % per annum cars
to enter Louisville. Has erected an interurban terminal on "third St..
of bonds out is operative from 1911 to 1931; thereafter 2% per annum. Louisville. Girder
rails. 90 lbs., 'I' rails 75 and 77 I5 lbs.
Bonds are subject to Pall at 110 and Interest.
OFFICERS.-Pres. Samuel Insult, Chicago; V.P. and Treas., R. W.
EA_RNINGS --Fpr year ending Feb. 28 1907, gross, $116,660;
net, Waite; Sec., F. J. Strattor; Gen. Mgr., Martin J. Insull.-V. 78, p. 2012:
$34,049. In 1906, gross, $120,262; net, 538,355.
V. 81, p 1792.




59

STREET RAILWAYS.

FEB., 1908.] .
LOWELL, MASS.
LowELL &

-A trolley road.
FITCHBURG STREET R Y.
-Incorporated in Massachusetts in 1903.
ORGANIZATION.
Date.
Interest. Outstanding. Maturity
STOCK AND BONDS_
$275,000
Stock, $275,000,$100
275 000 Jan. 1 1926
5 g J-J
First mortgage, $1 000,000j 1906
lint, at Un. Sec. L.I.& Fr. Co.. Phila., Trust.
gold ($1,000)
-Are subject to call at 105 and interest on any interest date. No
Bonds.
sinking fund.
-Operates 14 miles from Lowell, where it connects with the
ROAD.
Lowell system, to Ayer, where connection is made with the Fitchburg &
Leominster Street Ry. Also a branch, about 5 miles, front North Chelmsford to Westford. Also has franchises for lines between Ayer and Concord.
11 miles, and Ayer and Nashua, N. H., 14 miles.
OFFICERS.-Pres., Albert I. Register, Phila.; Sec., L. F. Schaub;
-V. 83, p. 38.
Treas., J. R. Patterson.

LYNCHBURG, VA.
-Trolley.
LYNCHBURG TRACTION & 1-1(11-1T CO.
ORGANIZATION.
-Incorporated in Virginia, and is a consolidation on
May 1 1901 of the Lynchburg Electric Railway & Light, the Lynchburg &
Rivermont Street Ry. (franchise perpetual), the Lynchburg Gas Co. and
the Lynchburg Water Co., and comprises all the street railways, gas works
and electric-light plants of Lynchburg and hydraulic power development at
Reusens, Va.; also owns all the stock of the Lynchburg Water Power Co.,
and has assumed the $500,000 1st mtge. 5% bonds of that company.
In 1907 authorized stock was increased from $750,000 to $1,000,000 to
provide for the convertible feature of new bonds.
STOCK AND BONDSInterest. Outstanding. Maturity.
Date.
$750,000 Dec16'07,1 yi
Stock, $1,000,000 ($50)__
J-D
889.000 May 1 1931
First mortgage. $1,000,0001 1901
5 g M-N
sinking fund ($1,000) gold Real Estate Frost Co., Philadelphia, Trustee.
c'
_ -- -- -... Interest at R. M.Janney & Co., Philadelphia.
$200,000 Dec 1 1917
Gen mtge cony, $250,000,1 1907
6 g J-D
gold ($1,000)
T m-s
9 ogan 5 rustCo., Philadelphia, Trustee.
1L00
1930
111,000
Lynchburg Gas Co first morcts-j
gage $25(),000 _
'(Int. at Real Estate Trust Co., Phila., Trust.
500,000 July1 1932
Lynchburg Water Power first) 1902
5
fReal Estate Trust Co., Philadelphia, Trustee.
mortgage, $500.000
Dividends.
-In 1904. July, 1%; Nov., 1%; in 1905, 2%: In 1906, 25 %.
In 1907, June, 13%; Dec., 1%%•
Bonds.
-The new gen. mtge. bonds are subject to call on any int. period
at 103 and int.; they are convertible at any time into stock at par. V. 86, p.
52. No s. 1. Of the 1st mtge. bonds, $111,000 are reserved to retire bonds
of like amount of Lynchburg Gas Co. due 1930, and of which no more are
to be issued. Sinking fund of 1 % per annum becomes operative in .1906,
which is increased in 1916 to 1 %. Entire issue can be called at any time.
-Year ending April 30 1907: Gross, $306,964; net,$135,440;
EARNINGS.
Interest charges, $72,859; surplus, $62,581.
ROAD.
-Owns and operates about 20 miles of road in city and suburbs.
Standard gauge. 40 cars. Owns Rivermont Park.
OFFICERS.-Pres. and Gen. Mgr., R. D. Apperson, Lynchburg, Va.;
V.
-P.. Chas. R. Miller, Phila.; Sec. and Treas., F. H.Shelton, 1004 Pennsylvania Bldg., Phila.-V. 72, p. 873; V. 86, p. 52,168.

In June 1903 it was decided to increase stock of Manchester Traction,
Light & Power from $1,650,000 to $2,200,000. shareholders being given the
right to take the new stock at par. In June 1006 the company acquired
the entire $200,000 capital stock of the Golfs Falls Litchfield de Hudson
Street Ry.(name changed in Feb. 1907 to the Manchester & Nashua Street
Ry.) and issued $350,000 more stock to pay for the same and to provide
cost of Improvements, &c. See V. 82, p. 1380.
In March 1905 fire destroyed the main car barn and over 30 cars. Franchises perpetual.
Interest. Outstanding. Maturity.
Date.
STOCK$2,400,000 Janl 5'08,2%
Stock, $5,000,000 ($100)
1,724,000 April 1 1921
5 g A-0
First consol mtge. $2,000,000,1 1901
gold ($1,000)
c' Interest at American Trust Co., Boston, Tr.
Underlying Liens
Manchester Electric Light Col
250,000 Oct. 1 1917
5 g A-0
first mortgage,$250,000_ _ f 1897
200,000 June 1 1926
Golfs Falls Litch & Ilud 1st MI 1906
5 g J-D
gold $300,000 ($1,000) _ \Interest at American Trust Co.. Boston, Tr.
$125,000 Dec 1 1927
Man & Derry St Ry 1st mtge. 1907
5 J-D
$500,000 ($1,000), guar_ __ lint. at American Trust Co., Boston, Trustee.
-Of the new first consolidated mortgage. $250,000 are reserved to
Bonds.
retire the bonds of the Manchester Electric Light Co. The remaining
$26,000 are available for future improvements and betterments. The Gals
Falls Litchfield & Hudson bonds are guaranteed, principal and interest, by
the Manchester Traction, Light & Power Co. Of the Manchester ec Derry
St. Ry. bonds, $375,000 are reserved for additions and improvements.
They are guaranteed, prin. and int., by Man. Trac. Lt. & P. Co. No s. 1.
-The different roads controlled comprise 57.60 miles of track as
ROAD.
follows: Manchester Street Ry. 37.23 miles; Manchester & Nashua, 12.37
'
miles; Manchester & Derry, 8 miles.
-First dividend of 3%.m July 15 1901, in 1902. 6%: in 1903
Dividends.
(changed to quarterly), 7 %; in 1904,6% ;in 1905,6%: in 1906, 7%; In
1907, 834%; in 1908, Jan., 2%.
-Of the Manchester Street By. for years ending June 30:
REPORT.
Net. Int.& Tax. 'Dividends. ..turpfus.
Gross
$339,541 $89,942 $15,365 (6%)$56,670 $17,907
1906-07
2,651
69,015
9,694 (6%) 56,670
313,031
1005-06
7.196
291,729
70,736 14,370 (6%) 49,170
1904-05
• This is dividend on Manchester Street By. stock
-01 Manchester Traction. Light de Power Co. for year endEARNINGS.
ing June 30 1907, gross, $389,654; net, $293,673; other income, $65,683;
Interest and taxes, $109,650; dividends, $191,688; surplus. $58,038.
-P. and Gen. Mgr., J. Brodie
OFFICERS.-Pres.. William A. Tucker; V.
-V.82, p. 1380. 1438; V. 83. p. 38, 96,
Smith; Treas.. S. Reed Anthony.
1590; V. 86, p. 421.

MANISTEE, MICH,

MANISTEE LIGHT & TRACTION CO.
-Organized in 1906 in Michigan as a consolidation
ORGANIZATION.
of the Northern Michigan Traction and North Western Michigan Lt. & Pow.
Franchise 30 years from 1004.
Interest. Outstanding. Maturity.
Date.
STOCK AND BONDS$885,000
Common,$885,000 ($100) _
115,000
Pref cum, $115,000 ($100)
600,000 July 1 1926
5 g J-J
(
1st mtge, $1,500,000 ($1,000) 1906
New England Trust Co., Boston, Trustee.
g, not redeemable
(Interest at E. H. Gay & Co., Boston.
McKEESPORT, PA.
-Operates 10 miles of track. Gauge, 4 ft. 85i In. 35 to 40-lb.
ROAD.
T and 85-1b. girder rails. 30 cars.
& WESTMORELAND RAILWAY CO.
PITTSBURGH
OFFICERS.-Pres., Edward M. Deane; Sec., Frank G. Deane; Treas.,
-Incorporated in 1904 in Pennsylvania. Controls
ORGANIZATION.
Manor Valley Ry. Co. with $75,000 stock, of which $25,000 Is outstanding. Raymond E. Preble.
Interest. Outstanding. Maturity.
Date.
BONDS• STOCK AND
$350,000
Stock,$350,000 ($50)MARION, ILL.
5 g F-A
1934
350,000
First mortgage, $350,0001 1904
COAL BELT ELECTRIC RY.($500 and $1,000) gold c* Interest at Union Trust Co., Pitts., Trustee.
In 1904 passed into control of the St. Louis Iron Mountain & Sou. By. Co.
-Not subject to cal and no sinking fund.
Bonds.
.Vraturity•
Interest. Outstanding
Date.
SFOCK AND BONDS-Runs between Irwin and McKeesport, 834 miles. Total track,
ROAD.
9300.000
($100) _____
f) miles. The controlled Manor Valley Ry. Is building 5 miles of track from Stock,$300,000-For fiscal year ending-June 30 1907, gross, $53,419; net,
EARNINGS.
junction with Pitts. & West. Ry. to Herminie. Gauge, 5 feet 23-f inches. (deficit), $4.086.
70-lb. T rail and 73 and 90-lb. girder. Half-mile extension at either end
ROAD. -Operates 16.36 miles of track from Marion to Spillertown, Polproposed.
Standard
-P., John K. Evans; Sec., Henry lard, Carterville and Herrin. Gould; V. gauge. 60-lb. T rail.
OFFICERS.-Pres., Manning Stires: V.
-P., C. S. Clarke; Gen. Mgr., A. V.'.
OFFICERS.-Pres., Geo..1.
-V.83, p. 403; V. 85, p. 346.
Kell; Treas., A. S. Evans; Mgr., T. M. Evans.
Sullivan; Sec.. F. W. Irland Treas., P. M. Hickman; Traffic Mgr., W. C.
Stith; Gen Aud.,S. B. Schuyler, all of St Louis; Supt., J. Burns, Marion.

MACON, GA.
•
MACON RAILWAY & LIGHT.
In 1907 control changed hands and officers elected as below. V.85,p.1005.
-Incorporated In Georgia on Oct. 23 1902 by the
ORGANIZATION.
Railways & Light Co. of America its a consolidation of the Macon Consolidated Street Ry. the Macon Electric Light & By., the North de South
'
Macon Street Ry. and the Metropolitan Street By. The city ordinance permitting the consolidation, passed on Sept. 16 1902, proNided that at least
$150,000 shall be expended for improvements within two years, and granted
a 50-year franchise. For terms, see V. 75, p. 733. In Sept. 1905 a large
block of stock changed hands. V. 81, p. 1100. Voting trust in stock was
dissolved in Sept. 1905.
Interest. Outstanding. Maturity.
Date.
STOCK AND BONDS-_
$900,000.
Common. $900,000 ($100)_ ____
-.
300,000 oet'0Y, 5%
. 6 A-0
Pret., $300,000 ($100) 6 70 cum
950,000 Jan. 1 1953
5 g J-J
cons mtge g1 1903
Mac Ry & Lt first
$1,000,000 ($1,000) _ ..._c" Int. at Tr. Co. of Am., N.Y., Trust., or by Co
6 g J-J
42,500 Jan. 1 1929
Mac Klee Lt & By first mtge 1899
$100,000 ($500) gold_ _ _. c• Int. at Bowling Green Tr. Co., N. Y. Trust.
-$50.000 In bonds is reserved to retire $42,500 of the Macon ElecBonds.
tric Light & Ry. bonds. Bonds of 1903 can be called on any interest date
after 5 years at 110 and interest. See V. 76, p. 212.
-6% per annum is being paid on preferred.
Dividends.
-Owns and operates about 32j4 miles of track, all of which has
ROAD.
been re-laid with 70 lb rails.
-For years ending Dec. 31;
REPORT.
Int. and Diro.on Pref. Balance.
Net
Gross
Calendar
Taxes.
Earnings.
Surplus.
Earnings.
(6%).
Years$17,016
$67,260
$149,266
$64,990
$355,387
1907
17,016
28,440
59,547
105,002
290,345
1006
-P.,
-P., Jacob S. Collins; 2d V.
OFFICERS.-Pres. W. J. Massee; 1st V.
M. Felton Hatcher; Sec. and Treas., J. E. Jaudon; Gen. Supt., J. W. Mc85, p.
-V. 78, p. 343; V. 81, p. 508; V.- 1005; V. 86, p. 421.
Farland.

MADISON, WIS,
-A trolley road.
SOUTHERN WISCONSIN RAILWAY CO.
-Successor to the Madison & Interurban Traction Co.,
ORGANIZATION.
which was Incorporated in Jan. 1905, and on Sept. 1 1905 purchased the
Madison Traction Co., which was itself successor to the Madison Electric Ry.
Franchises expire In 1932, 1938 and 1944, and are practically exclusive.
Date.
Interest. Outstanding. Maturity.
STOCK AND BONDS(?)
Stock
5 g M-N
685,000 May 11931
Mad & Interur Trac 1st mtgel 1906
$1,200,000 gold ($1.000) _cf Int. at Citizens' Say. & Tr. Co.. Cleve., Trus.
-Whole issue of bonds can be called on any interest date at 102
Bands.
and interest on 60 days' notice; no sinking fund.
-Owns, with extensions now in progress, 16 miles of standardROAD.
gauge track, including lines in Madison, and extension to Fair Oaks, Elmside. Lake Park Cemetery and South Madison.
-Year ending Dec. 31 1907: Gross, $153,703; net, after taxes,
REPORT.
$68,214. In 1906, gross, $130,255; net, $60,318.
-P., Dudley Montgomery;
OFFICERS.-Pres., F. W. Montgomery: V.
-V. 72, p.
Sec. and Treas., Warren Montgomery; Supt., D. Montgomery.
438; V.73, p. 494, 663; V.79. p. 501: V. 80, P. 1174; V. 83,p. 96, 156.

MANCHESTER, N. H.

MARSHALLTOWN, IA.
MARSHALLTOWN LIGHT POWER & RY.ORGANIZATION.-Incorporated In lowa in 1R92. Exclusive rights
till 1917. Runs electric lighting and gas plant and electric railway.
Interest. Outstanding. Maturity.
Date
STOCK AND BONDS$250,0001.p.
Stock ($500,000) ($190)
150,000 July 1 1913
6 g J-J
,
($150.000) 1893
mortgage
1st
_c*jInt. at III. Tr. & Say. Bk., Chicago, Trustee.
gold ($1,000) _
Bonds.
-Cannot be called.
ROAD.
-Trolley track, 4 m. Standard gauge, 40 and 60-1b. T rail.
OFFICERS.-Pres., C. D. Jones, Independence, Is.. Sec.. S. B. Hovey,
Independence, Ia.; Treas. and Supt., M. W. Hovey, Marshalltown, Ja

MASON CITY, IOWA.
MASON CITY & CLEAR LAKE RY. CO.
-A trolley road. Operated since July 1897.
ORGANIZATION. ETC.
Owns right of way 33 feet wide front 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 IS, Interest at Illinois Trust de
Sayings Bank, Chicago, Trustee; sinking fund retires $3,000 yearly at 103.
beginning Jan. 15 1900, and amount outstanding, 173,000. Handles all
freight coming over Iowa Central, Chicago & North Western and Chicago
Great Western railways between Mason City and Clear Lake. Gross earnings for 1906,$47,962; net, $574. Pres., W.E. Brice; Sec. and Gen. Mgr.,
F. J. Hanlon; Aud., G. E. Peck.

MATTOON CITY, ILL.
-A trolley road.
MATIOON CITY RAILWA1 CO.
-In Sept. 1907 W. F. Avey was appointed receiver, followReceivership.
ing a wreck in August which resulted In the loss of 17 lives. V. 85, p. 601,
654.
ORCANIZATION.-Incorporated in Illinois in 1902. ('was entire capital stock of the Mattoon Light, Heat & Power Co., said stock being deposited under the By. Co.'s first mortgage. The Power company has no
bonded debt. Franchises expire in 1924.
Interest. Outstanding. Maturity.
Date.
STOCK AND LIONT)S-$500,000
,
Stock,$500,00f 0100)_
See text.
340,000
5 g J-J
1st mtge., $350,000 gold' 1006
e*1Int. at 1st Trust & Say. Bk., Chicago, Trust.
($1,000)
160,000 Jan. 1 1936
1906
5 g J-J
Ref. & Ext. Mtge., $1,000,-,Int. at Colonial Tr. & Sav. 13k., Chic., Trust.
c* 1 or at National City Bank, New York.
000, gold ($1,000). _
-The Erst mtge. bonds are due $10,000 annually on Jan. 1 from
Bonds.
1908 to 1920, inclusive; remaining $210,000 on Jan. 1 1921. These bonds
ate subject to call beginning Jan. 1 1909 at 105 and int. The ref. bonds
are redeemable beginning 1916 at 105 and int. No. g. f. on either issue;
$340,000 ref. bonds reserved to retire firsts
---For fiscal year ending July 31 1906, gross, $60,500; net
EARNINGS.
$25.500; other Ince.n.e, 513,000 interest and taxes,$28,000:surplus.$10,500.
ROAD -Operates 14 miles of track In and between Mattoon and Charleston. 70 and 72-1b.T rail. Standard gauge. Also does electric light and
power business in Mattoon.
-P., M. E. Samp.sell; Sec.. A W.
OFFICERS.---Pres., E. A. Potter; V.
-V. 82, p. 100, 928.
nderwood. Chicago; Treas., L. C. Rose, Chicago.
V. 85, p. 601, 654.

MANCHESTER TRACTION. LIGHT & POWER CO.
MAUCH CHUNK, PA.
-Incorporated in 1001 in New Hampshire and comORGANIZATION.
-A txolley road
CARBON STREET R1'.
prises the several light, power and street railway properties in and acround
ORO ANIZATION.-Incorporated Oct. 27 1904 and is successor under
Manchester. The company owns the stock of the Manchester Electric Co.,
Manchester Electric Light Co. and the Manchester Street foreclosure of the Mauch Chunk Lehighton & Slatington St. Ry. V. 80.p,
which controls the
Ry.; also owns entire $125,000 stock of the Manchester & Derry Street Ry. 1362.
Last Dir.
Interest. Outstanding.
Date.
STOCKIn 1902 the Manchester Street By. was authorized by the New Hampshire
5354,000
RR. Comm. to increase its stock from $421,000 to $570,250, to fund float- Stock.$314,000
100,000 Jan 1 1926
6 g J-J
ing debt and provide means for new rolling stock; accordingly, 995 new First mortgage, $100.0001 1906
el Interest at Mauch Chunk Trust Co.. Trustee.
gold
shares were issued at 150. In July 1903 $174,000 additional was authorized
-Are subject to call on and after Jan. 1 1911 at par and interest.
Bonds.
and.in Jan. 1905 $250,000. Total now authorized and issued, $944,500.




60

[V oL. Lxxxvi.

STREET RAILWAYS.

EARNINGS -For fiscal year ending Oct. 31 1906, gross, $37,554. For
year ending Oct. 31 1905, gross. $29,349.
RO kl).-12 miles completed and in operation.
OFFICERS.- Pres., Hugh E. Crilly; Sec. and Treas., .1. M, ureisbae,h
Supt., L. H. Mountey.-V. 80. p. 1362.

MEADVILLE, PA.

EARNINGS.
-For fiscal year ending Sept. 30 1907, gross, $178,871
net, $59,314; fixed charges, $41,666; dividend (3%), $13,200; surplus,
$4,448.
-Owns US miles of track, from So. Framingham to T.ixbridge,
ROAD.
and from Milford to Medway and Hopkinton. Also contrels Lake Nipanuo
Park. 43 passenger cars, 8 snow-plows and 3 miscellaneous; 118 electric
motors.
OFFICERS.-Pres., John T. Manson, New Haven, Ct.; V.
-P., J. Willis
Downs, New Haven, Treas., J. E. Walker, Milford; Supt., W. I,. Adams,
-V. 74, p. 1308; V. 76, p. 102.
Milford, Mass.

MEADVII,LE & CAMBRIDGE SPRINGS Si REET R1.-An electric
road.
ORGAN IZATION.-Ineorporated in Pennsylvania in 1901. Carries
passengers, mall and exoress.
Date.
STOCK AND BONDS-Interest. Outstanding.
Maturity.
MILLVILLE, N. J.
Stock, $300;000
$300,000
.
-A trolley road.
iniu VILLE TRACTION.
5 g J-D
1st mart $300,000 ($500)1 1902
300,000 July 1 1932
gold
ci Int. at Equitable Trust Co., Pittsburgh, Tr.
Date.
STOCK AND BONDSInierest. Outstanding. Maturity
Bonds.
-Are subject to tall after 20 years at 103 and Interest.
$175,000
Stock,
$175,000
EARNINGS.
-For year ending Dec. 31 1907, gross, $48,482; net, $23,746. 1st mortgage, $400,000, gold 1894 . 5 z F-A
208,000
1914
ROAD.-Oparates 16.20 miles of track between Meadville and Camc*jInterest at Land Title & Tr., Phila., Trustee.
($1,000 each
bridge Springs, forming the connecting link between Meadville and Erie, "Other debts." Dec. 31 1907
44,385
and 85-1b. T rail. Commenced operating Jan. 15 1903.
774
Bonds -Not subject to call
OFFICERS.-Pres., James Bryan, Pittsburgh; V.
-P. and Sec., M. F.
-For calendar year 1907, gross, $37,187; net, $7.
EARNINGS.
Tennis, Pittsburgh; Treas., E. H. Bair, Greensburg. Offices, Cambridge
-Operates 12.54 miles of track in Millville, Vineland and townROAD.
Springs, Pa.
ship of Landis, of which 8.67 miles put in operation in 1901.
OFFICERS.-Pres., George Wood; Sec., G. H. Thomas; Treas., Daniel
C. Lewis.
MEMPHIS, TENN.
MEMPHIS STREET RAILWAY CO.
Control is held by the American Cities Railway & Light Co., which see
MILWAUKEE,
under Birmingham.
ORGANIZATION.-Chartered In Tennessee on March 28 1899, and conMILWAUKEE LIGHT. HEAT & TRACTION CO.
-Incorporated
salidated with the Citliens' St., East End Street, City & Suburban and Dec. 1896. Owns and operates an extensive system of suburban and interMemphis & Raleigh Springs lines; franchises runs until Nov. 1945. Does urban lines radiating from Milwaukee to Cudahy, South Milwaukee, Racine,
the entire street railway business of the city.
Kenosha, Wauwatosa, North Milwaukee, Whitefish Bay, Fox Point, West
Decision as to Fares.
-On Sept. 7 1907 the Supreme Court of Tennessee Allis, Waukesha, Waukesha Beach, Oconomowoc, Muskeg° Lakes, Mukrendered a decision confirming all terms of franchises. V. 85, p. 654. wonago and East Troy.
Isidore Newman & Son of New York and New Orleans are fiscal agents.
The company, besides its railway system, owns and operates electricSTOCK AND BONDSInterest. Outstanding. Maturity. light and power systems in Cudahy, South Milwaukee, Racine, Wauwatosa,
Date.
Corn.. $2,500,000($100) _ _ __
West Milwaukee and West Allis. Was furnishing Dec. 31 1907 42,268
$2,500,000
incandescent lamps, 1065 h.p. in motors, 452 arc lamps and 619 Nernst
Pref. $2,500.006 5 %. cum.. 1
$tdo
9 Q-J
2,500,000 Jan'08,1 X % lamp glowers.
1
Cons. mtg., $10,000,000, 11905
The capital stock is practically all owned by The North American Co.
5 g J-J
7,094,000 July 1 1045
gold (see text)
c*dor( interest at Certral Trust Co.,N. Y. Trustee. (see miscellaneous companies in "Railway and Industrial Section"). Stock
Clts. St. RR. 1st M.,(*1,000)1 1887
6 g J-J
$906,000 Jan. 1 1916 was increased by $500,000 in Feb. 1905 to $1,000,000. In April 1907
gold
c*i Int. at Am. Ex. Nat. Bk.of N.Y.do InMemp.. stockholders voted to increase stock from $1,000,000 to $30,000,000.
V. 85, p. 160. $9,000,000 of new stock issued up to Feb. 1908. Owns
.
1. Tenn.
Bonds.
-Of the $10,000,000 new bonds, $906,000 are reserved to retire entire common stock of The Milwaukee Electric Ry. & Lt. Co.
Cit. St. RR. bonds and remainder for extensions and improvements. They
Control Purchased.
-In 1907 purchased
are in denominations of $1,000 coupon and $10,000 registered. Are not The Milwaukee Electric Ry. & Lt. Co. the $9,000,000 common stock of
subject to call. Sinking fund $25,000 per annum, 1910-14; $30,000, This was done in order to make The Mil. from The North American Co.
Light, Heat do Traction Co. the
1915-19; $35,000, 1920-24; $40,000, 1925-29, and $50,000, 1930-45. Bonds controlling company instead of The Milwaukee Elec. Ry.
& Lt. Co., as
in sink, fund are kept alive. See V. 82, p. 628, 1496.
was formerly the case. V. 86, p. 286.
Dividends.
-On pref. stock, 5% paid since issuance.
STOCK AND BONDSDate.
Interest. Outstanding. Maturity.
REPORT.
ending Dec. 31:
-For year
Common stock, $30,000,000_ _ _ _ _
_ $10,000,000
See text.
Gross earns. Net after taxes. Interest.
Surplus Milw Lt H and Tr Co 1st M gf 1899
5,000,000 May 1 1929
5g M-N
1907
$597,233
$1,604,384
$404,822
$192,411
guar$5,000,000 ($1,000) gc*lTrust Co. of America, New York Trustee.
1906
590,707
1,428,935
342,782
247,925 Milw Lt H and Tr Co refecexti 1907
5,001,00(1 June 1 1937
5 J-D
1905
461,472
1,114,022
274,893
117861:657089
Act. g, $30,000,000 ($1,000) Metropolitan Tr. Co. and Randolph Rodman,
1904
437,035
981,259
265,427
Trustee.
1903
898,178
388,655
258,146
130,509
Interest on the Milwaukee Light, Heat & Traction Co's 1899 5% bonds
ROAD.
-Operates 100 miles of track in Memphis and suburbs. Rails 80
is payable at company's office, 30 Broad St., N. Y. These bonds may be
to 80-lb. T and 60 to 107-1b. girder. 279 cars.
110 on any interest date. They are guaranteed, principal and
OFFICERS.-Pres. & Gen. Mgr. Thos. H. Tutwiler; V.-P., John H. caned atby
interest,
Watkins; Sec. and Treas., W. H. Burroughs. V. 79, p. 2796; V. 80, p. funding and The Milwaukee Electric Railway dc Light Co. Of the new reextension bonds, $2,500,000 additional can be issued Imme1058, 2399; V. 81. p. 1792; V. 82, p. 628, 1438, 1496; V. 83, p. 38; V. 84, 1:.
1
diately; $5,500,000 is held to retire prior liens. These bonds may be called
868, 1248; V. 85, p. 654.
on any interest day at 110. V. 84, p. 1183.
Dividends.
-10% per annum paid from 1904 to 1907; in 1907, 2%.
MERIDIAN, MISS.
-Total mileage, exclusive of controlled Milw. Elec. Ry. & Lt. CO..
ROAD.
MERIDIAN LIGI-IT & RAILWAY CO.
was Jan. 1 1908 183 miles. Owns 115 cars.
ORGANIZATION.
-Incorporated in Mississippi in 1901 as a reorganizaREPORT.
-Fiscal year ending Dec. 31 1907:
tion of the Meridian Street Ry. Owns and operates the Meridian Gas Light Gross-Railway
$704,557(Other income
$1,147
Co. Shareholders on June 1 1907 authorized an increase in stock from
Electric light
"
121,573(Taxes
49,568
$1,000,000 to $2,000,000 to provide for extensions. V. 84, p. 1428.
(Depreciation
74,352
STOCK AND BONDSDate.
Interest. Outstanding. Maturity.
Total gross
$826,1301Interest
291,998
Common
$594,400
Oper.exp.-Ry. &elec.light 359,441 Balance, surplus
51,918
Pref, 6% non-cum
163,300
Ref mtge, $750,000, gold,) 1904
5 g M-S
602,500 Mch 1 1944 Net earnings
$466,6891
($500 and $1,000) _ ..c*f Int. at City Bk. and Tr.Co., Mobile,Trustee.
OFFICERS.-Pres., Gen. Mgr. and Pur. Agt., John I. Beggs; V.
-Ps.,
Bonds.
-There were $225,000 of first 5s outstanding, but these (with Wm. N. Cromwell, C. W. Wetmore and Chas. F. Pfister; Sec.,
Silas W.
the exception of $1,000 for which a new bond is reserved) have been de- Burt, New York; Treas., Geo.
posited as collateral for the new bonds. A sinking fund of 1 % of bonds Asst. Sec. and Asst. Treas., R. Sheldon, New York; Comp. C. N. Duffy;
F.
outstanding becomes operative March 1 1906. Bonds are subject to call on York office, 30 Broad St., New J. Boehm; Aud., Geo. W. lealweit. New
York City. General office, Public Service
60 days notice at 103.
Building. Milwaukee.
-V. 80, p. 472, 872; V. 84, p. 102, 1183; V. 85,
EARNINGS.
-Total gross for 12 months ending Dec. 31 1906, $169,625: p. 160; V. 86, p. 286.
net, $52,732; taxes and Interest, $41,669; surplus, $11,063.
ROAD.
-10 miles of track. Electric department operates 200 city arcs,
(1) The Milwaukee Electric Railway & Light Co.
18,000 Incandescent lamps, 90 H. P. motors and 120 commercial arc lights.
ORGANIZATION.-Sumner of Milwaukee Street Railway Company.
0Fel0ERS.-Pres. & Mgr., A. J. Paterson, Mobile; V.
-P., W. H. Arm- sold In foreclosure Jan. 29 1896, per plan in V. 00, p. 1099. Embraces
brecht, Mobile; Sec. and Treas., W. E. Terry, Meridian; Gen. Mgr., A. B. all the street railway lines
in Milwaukee. Entire common stock is owned
Paterson.
-V.75, p. 29; V. 78, p. 1109, 1223; V. 84, p. 1428.
by the Milwaukee Light, Heat & Traction Co. The company, besides its
street railway system, owns and operates an electric-light and power system.
Was furnishing on Dec. 31 1907 242,977 incandescent lamps,10.069 h.p.
MICHIGAN CITY, IND,
In motors, 3,719 arc lights and 5,802 Nernst lamp glowers. Controls MilCHICAGO LAKE SHORE & SOUTH BEND RY.
waukee Central Heating Co., operating a central station steam-heat system
ORGANIZATION.
-Organized in Indiana Dec. 1901.
in Milwaukee.
STOCK AND BONDSDate.
The railway franchises of the company run until Dec. 31 1934. V. 70.
Interest. Outstanding. Maturity.
Common,$5,000,000 ($100)
p. 39. Stockholders in Jan. 1901 voted to increase common stock from
$5,000,000
Pref, $1,000,000 ($100), n-c_
$3,500,000 to $15,000,000, to provide funds for improvements, the addi1,000,000
1st mtge, $6,000,000 ($1,000)f 1907
5 F-A15
Aug 15 1947 tional stock to be issued from time to time as needed.
(?)
gold
Unterest at Cleveland Trust Co., Trustee.
In April 1907 stockholders voted to increase the capital stock from $19,Bonds.
-When road is finished $3,500,000 bonds will be outstanding, 500.000 to $24,500,000. See V.84, p. 102,221,339; V.85, p. 160.
remainder being reserved for future extensions and improvements.
STOCK AND BONDSInterest. Outstanding.
Maturity.
ROAD.
-Is to 'operate a total of 71 miles between South Bend, Michigan Corn. stock, $2u,000,0001 Date.
$9,000,000 In 1907,6%
City, Gary and Kensington, connecting at latter place with Illinois Central
(pat $100)
for Chicago. Expected to be in operation summer of 1908. 70-lb. T rail. Pref. stock, $4,300,000, 6°I
Q.F
4,500,000Ja1.31081 'i %
OFFICERS.-Pres.,
----;Vice-Pres., F. B. Wagner;
non-cum., (par
_Sec. and Treas., M. H. Wilson, Cleveland. V. 83, p. 212; V. 86, p. 51, Milw City RR Co $100)_
1,000,000 Dec 1 1908
1st intim, 1888
gold_c*1
5 g J-D
167, 420.
41 m,$1,000,000,
Central Trust Co.. N. Y. City, is Trustee.
West Side St RR 1st Al covers) 1889
500,000 July 1 1909
5 g J-J
g-c*i
MIDDLETOWN, N. Y.
18 miles, $500.000, gold_ __ Int. at Farmers' L. & Tr. Co., New York.
6,500,000 Feb 1 1926
The Milw El Ry and Lt Co, 1896
5 g FA
WALLKILL TRANSIT CO.
consul M, $8,000,000,
Central Trust Co., New York, Trustee.
ORGANIZATION.
-Incorporated in New York on March 30 1905 as
Interest payable at company's office, 30 Broad Street, N. Y.
successor under foreclosure to the Middletown-Goshen Electric Ry. and the The Mil El Ry and Lt Co ref} 1906 4)4 g J-J
4,000,000 Jan 1 1931
Middletown-Bloomsburg Elec Ry. See V. 80, p. 1059, 1425.
and ext mtge, $20,000,000, Trust Company of America, New York.
gold ($1,000)
c*
Trustee.
STOCK AND BONDSInterest. Outstanding. Maturity.
Date.
Stock and Bonds.
-Consols of 1896 for $1,500,000 are reserved for prior
Stock,$350,000 ($50)
$320,750
1st ntortgage, $350,000, gold) 1005
300,009 May 1 1935 bonds still outstanding. These bonds and also the preferred stock are
5 g M-N
Commonwealth Trust Co., Harris- listed on the New York Stock Exchange. Of the new refunding and exten($100, $900 & 31,00o)_04Int. at
sion bonds, $8,000,000 are reserved for prior liens and $8,000,090 for exten) burg, Trustee
Bonds.
-550.000 reserved for future improvements. Are subject to call sions, acquisitions, he., after Jan. 1 1908 at not exceeding $1,000,000 per
year. Bonds are subject to call on and after Jan. 110)6 at 108 and Interest.
after 10 years at 105.
ROAD.
--Operates 12.84 miles of track extending from Middletown, See V. 81, p. 1724, 1792; V. 84, p. 508.
N. Y., to Midway Park, Goshen, Including switches, turnouts, &e. Rails
-Total track, 132 miles-all trolley. Owns 398 cars.
ROAD.
65-1b. T excerpt
mile only of 80 lb. girder. Standard gauge.
ANNUAL REPORT.
-Fiscal years ending Dec. 31:
OFFICERS.
-Pies., E. R. Sponslor; V.
-P., H. B. Royce; Sec., W. H.
Calendar Year1905.
1906.
1907.
1904.
Sponslor; Tmas., W. M. Oglesby; Gen. Mgr., DeWitt 0. Mclionagh.-V. 80, Gross railway
$3,221,912 $2,973,443 $2,669,847 $2,698,641
p. 998, 1059, 1425, 2348.
Lighting, &c
549,905
556,688
601,470
520,054
Gross earnings
MILFORD, MASS.
$3,823,382 $3,523,438 $3,226,535 $3,218,695
Operating expenses
1,734,587
1,974,721
1,551,463
MILFORD7,& UXBRIDGE ST. R.
1,592,413
-Trolley.
ORGANIZATION -Incorporated in Massachusetts In 1001. On July
Net earnings
$1,848,661 $1,788,851 $1,675,072 $1,626,282
10 1902 consolidated by purchase of entice capital stock with the Milford Other income
155,791
83,283
122,161
66,683
Holliston & Framingham St. By. In 1907 the Milford Investment Co.
was organized to finance the floating indebtedness of the Milford & Uxbridge
Total
$1,931,944 $1,944,642 $1,797,233 $1,692,965
Out of the net of $1,931,944 for 1907, $229,403 was paid for taxes, $382,STOCK AND BOItDtstanding. Maturity
.
Stock,$440,000($100). ------- -------------------$440,000 1906-07, 3% 338 charged up for depreciation, $572,863 paid for interest, $270,000 for
M. [loll & Pram., 1st NI.,1 188
165,000 Jan. 1 19 18 pref. dividends (6%) and $540,000 for common dividends (6%), leaving
0
5 g J-J
$165,000 ($1,000) __g. _c* Int. at American l'r. Co., Boston, Trustee. a deficit of $62,660.
.
Milt. & Uxb. gold bonds, 1902
250,000 Jan. 1 1918
5 g J-J
Dividend.
-Regular quarterly dividends of
have been
$250,000 (51,000) g...--e* Int. at American Tr. Co., Boston, Trustee. preferred since Feb. 1900. On the common 1% %in 1903, paid on the
stock
4%; in 1904,
Notes payable Sept. 30 1907
191,900
5%; in 1905, 5%; in 1906, 6%; in 1907, 6%.




wis.

--

FEB.., 1908.]

STREET RAILWAYS.

61

On the principal streets of the cities 80-lb. T rail with welded joints and
-Same as the Milwaukee Heat, Light & Traction Co.
OFFICERS.
New York office, 30 Broad Street, New York City. General office, Public imbedded in concrete was used.water-power at St. Anthony's Falls (caPower.
-The company leases
221, 339, 508,
-V. 82, P. 100; V. 84, P. 102,
Service Building, Milwaukee.
pacity 10,000 13.-p.), which power is now used in conjunction with power
1183; V. 85. p. 160; V. 86, p. 282, 286.
generated at new steam power plant to run the entire railway system in
both cities. See V. 64, p. 704.
WISCONSIN TRACTION, LIGHT. HEAT & POWER CO.
ANNUAL REPORr.-Fiscal year ends Dec..31. Report for 1906 was In
-This company was incorporated at Milwaukee to
ORGANIZATION.
a nominal capital of $10,000 (since increased to $1,000,000). V. 84. p. 446, showing results on the entire property as follows:
Aug. 1900 with
1905.
1907.1906.
Valley.
for the purpose of uniting certain properties in the Fox River
3593
: 5
6.020,542 $5,592,079 $4,723 327
Secured control of the Fox River Valley Electric By. and the Appleton Receipts from passengers
52,909
35,201
and has consolidated them. In Sept. 1904 Receipts from other sources
Electric Light & Power Co.,
purchased entire capital stock of the Fox River Valley Gas & Electric Light
Total receipts
$6,055,743 $5,644,988 54,759.262
Co. and guarantees its bonds, principal and interest. See V. 79, p. 787,
2,729,904 52,424,857 $1.948,197
Operating expenses
1267.
48,000
Insurance.
48,000
48,000
Outstanding. Maturity. Injuries and damages
BONDSDate.
STOCK AND
Interest.
122,948
202,522
205,152
$699,400
Stock, $1,000,000 ($100)_
1,000,000 July 1 1931
5 g J-J
First mortgage, $3,000,000 1901
Total operating
$2,980,436 $2,675,379 $2,119,145
($1,000) gold no sink fd_c* Int. at Milwaukee Trust Co., Milw., Trustee.
850,000 April 1 1921 Net earnings
5 g A-0
Fox River Valley first mtge 1901
$3,075,307 $2,969,609 $2,640,117
$350,000 ($1,000) gold_ _ _c Merchants' Loan & Trust Co., Chic.,Trustee. Interest and taxes
$1,223,171 41,137,427 $1,050,797
15,000 Nov. 1 1914 Dividends on preferred stock (7%)
0
Appleton Gas Light & Fuel..__
210,000
210,000
210,000
Bonds.-Entlre issue of Wisconsin Traction, Light, Heat & Power Co. Dividends on common stock (5 %)
881,388
952,500
1,005.000
may be called on any interest date at 110 and interest. The Fox
bonds
interest.
River Valley bonds are subject to call after April 1 1911 at 105 and
Total.
52,438,171 52,299,927 $2,142,185
-For year ending Dec. 31 1907, gross, $246,452; net, Balance, surplus
EARNINGS.
*5497,932
*5637,136 *5669,682
5125,297; fixed charges, $91,580; surplus, $33,717.
-Operates 15 miles of track,connecting Neenah, Menasha, AppleROAD.
* In 1907. 5506,000 was appropriated from this amount for renewal funds
ton and Kaukana,and 5 miles locally in the city of Appleton; total, 20 miles. against 5482,000 in 1906 and $340,000 in 1905.
Owns electric-lighting plants in Appleton, Neenah and Menasha and supplies
-P. and Man. Direc., C. G. GoodOFFICERS.-Pres.,Thomas Lowry; V.
gas to Neenah, Menaslia and Appleton.
rich; Sec. and Comp., E. S. Pattee; Aud., D. J. Strome; Treas., E. A.
OFF10ERS.-Pres., John I. Beggs; V.
-P., Chas. F. Pfister. Milwaukee; Crosby; Gen. Mgr., W. J. Hield.-V. 83, p. 437, 1472, 1525; V. 84, p. 392.
Appleton,
Sec. and Treas., Henry D. Smith, First National Bank Building,
446, 451, 509; V. 85, p. 532, 1578; V. 86, p. 287, 422.
Wis.-V. 79, D. 787. 1267.
MILWAUKEE NORTHERN RY.-An electric road.
MOBILE, ALA.
-Incorporated in Wisconsin in 1905. Operates
ORGANIZATION.
mostly on private right of way. Franchise in Milwaukee rims till 1937
-Trolley.
MOBILE 110111 & RAILROAD.
and provides that 8 tickets be sold for a quarter within city limits.
-A consolidation on Sept. 1 1901,0f the Mobile Light
ORGANIZATION.
Interest. Outstanding. Maturity.
Date.
STOOK AND BONDS.& Railroad and the Mobile Street RR.; the franchises of both companies
$1,000,000
Stock $1,000,000 (4100)-- ---- ---2,500,000 Aug 1 1937 were extended on Sept. 12 1901 to March 12 1955. See V. 73, p. 616
5 g F-A
1st mtge $4,000,000 ($1,000) 1 1907
Interest. Outstanding. Maturily.
STOCK AND BONDSDate.
c*jInt. at Fidelity Trust Co., Milw., trustee.
gold
.
$2,250,000
_ _
Bonds.
-Remaining $1,500,000 can be issued when road is completed to Stock, $2,250,000 (par $100)_
5i
400,000 June 1 1937
First mortgage gold ($1.000).J 1897
Fond du Lac. Not subject to call. V.85, p. 601.
Int. at Farmers Loan & Trust Co., N. Y
ROAD.
-Will be 120 miles long, running north from Milwaukee to Ce6 g M-N
300,000 May 1 1923
darbura. where it forks, one branch extending to Sheboygan and the other Mobile Street RR first mtgef 1893
c'i Farmers' I.oan & rrust Co., N. Y., Trustee.
gold, $350,000.
to Fond du Lac. About 30 miles between Milwaukee and Port Washington
lInterest at National City lank, New York.
Was put in operation In Oct. 1907. Expect to be operating into Sheboygan
5 g M-S
1,400,000 Sept. 1 1941
by june 1908, and Fond du Lac Division will be completed, it is said, by Consolidated mortgage, gold' 1901
-01Interest at New York Trust Co., N. Y., Trus.
($1,000) $2,250,00e
Nov. 1908. Gauge, 4 ft. 834 in. 70-lb. T rail.
-P., F. W. Walker; Sec. and
-Of the $2,250,000 mortgage, $700,000 reserved for prior Dens.
Bonds.
OFFICERS.-Pres., Wm. A. Comstock; V.
Treas., Henry A. Haigh; Gen. Mgr., F. W. Walker; Aud., B. G. Broad.-For calendar year 1907, gross, $614,744; in 1906, gross,
EARNINGS.
V. 84,p. 1367, 1428; V 85, p. 601.
$554,471.
-Owns 44 miles of track in Mobile and extensions to MagaROAD, &e.
MINNEAPOLIS, MINN.
zine Point, Spring Hill, A histler and Monroe Park. Company also owns
"Monroe Park" and water power and 320 acres of land.
-An electric road.
TWIN CITY RAPID TRANSIT.
OFFICERS.-Pres. and Mgr., J. H. Wilson; Sec. and Aud., Lloyd Lyons;
Organized under the laws of the State of New Jersey Treas.. C. White Spunner.-V. 61, p. 282; V.72, p. 989, 1080; V.73, p. 236,
ORGANIZATION.
June 3 1891 and by virtue of its stock ownership of the underlying com- 287, 554, 616.
panies (to wit, The Minneapolis Street Railway Co., The St. Paul City Railway Co., the Minneapolis Lyndaie & Minnetonka Railway Co. and the
MONMOUTH, ILL.
Minneapolis & St. Paul Suburban) controls anti operates the entire street
-An electric and steam
railway system of Minneapolis. St. Paul, Stillwater, and line to Excelsior.
ROCK ISLAND SOUTHERN RAILROAD CO.
at Lake Minnetonka. In 1906 absorbed the North Side Street Ry., the road.
St. Louis Park line and the Robbinsdale line. V. 53, p. 1472. On May 31
ORGANIZATION.-Incorporated in Illinois under the steam railroad
1005 stockholders authorized an increase in the capital stock from $20,000,- law on April 25 1905. Has private right of way between cities. Maxon.
000 to $25,000,000, the new stock to be all common. At the same time Lewis & Co., Chicago and Boston, offered the bonds for sale in Jan. 1907.
Interest. Outstanding. Maturity.
Date.
the articles of incorporation were amended so as to make the charter
STOCK AND BONDS.perpetual. V. 80, p. 1914.
$500,000
Stock. $3,000,000_
-Mayor Hayes of Minneapolis on Feb. 18 19)7 signed 1st mtge $2,500,000 gold' 1907
Franchise and Fares.
400,000 .fan 1 1947
5 g J-J
an ordinance requiringistreettallways to sell six fares for 25 cents. V. 84, p.
'Int. at Amer. Tr. & Say. Bk. Chicago, Trus.
($1,000)
Aug. 24 1907, however, Judge Lochren of the U. S. Circuit
451, 509. On
Bonds.
-Additional bonds may be issued only for 60% of cost of property
Court granted a permanent injunction against enforcing the ordinance (see during construction and 25% additional when net earnings are 131 times
V. 85 p. 532). Phis decision is claimed to sustain ,the company's right to a interest on bonds issued and to be issued. Bonds are subject to call after
50-year franchise from July 1 1873.
5 years at 105 and interest. See V.84, p. 104.
-For decision as to right to build new
Settlement-with City of St. Paul.
ROAD -Is building a road to connect Monmouth, Galesburg, Moline and
lines in St. Paul, see V. 79, p. 271, 2057, and for settlement with City of St
Rock Island. The section from Monmouth to Galesburg, 16 miles, has
Paul by which the city relinquishes Its right of appeal from this decision and been completed. 75-lb. rails. Is operated by electricity for passengers
the company agrees to pay Into the city treasury a gross earnings tax of 6 %. and by steam for freight.
see V. 80. p. 1175.
OFFICERS.-Pres.. M. A. Walsh. V. 84, p. 52, 104.
Intrrest. Outstanding. Maturity.
Date.
STOCK AND BONDSTwin City Rapid Transit
MONTGOMERY, ALA.
Common stock, $22,000,-1
5 Q-F
$20,100,000 Feb.15081
-A trolley road
000 (par $100)
MONT0OMER1 TRACTION CO.
Preferred stock, cumulative
-Incorporated In Alabama. Is a consolidation on
ORGANIZATION.
3,000,000 Jan.2'08,1U
7 Q-J
1895
$3,000,000 ($100)
April 13 1906 of the old Montgomery Traction Co., the Montgomery Street
-Minneapolis Street Railway Co.
p. 929. Was granted a new fran130,000 Nov. 1 1910 Ry. and the Suburban Ry. Co. V. 82,
7 g M-N
1st M g red at 105 yearly _ 1880
600,000 Nov. 1 1913 chise in April 1906. V. 82, p. 029.
6 g M-N
c• &r 1883
gold
Second mtge
Interest. Outstanding. Maturity,
Date.
STOCK ANL) BONDS.5 g J-J 15 4,208,000 Jan.15 1919
First cons M g 55,000.000 c• 1889
$443.000
Stock $2,900,000 ($1001
St. Paul City Railway Co.
1,540,000 April 1 1955
5 g A-0
1905
224,000 April 1 1932 1st mtge $2,000,000 (51,000)1Int. at Real Est. Trust Co., Phila., Trustee
6 g A-0
First mtge on real estate 6:J 1882
gold sinking fund
..c*f
1Exchangeable at 105 for first consolidated.
horse-car franchise
1923
350,000
6 g F-A
1893
6 g A-0
456,000 Oct. 1 1034 Mont. Street Ry 1st mtge Int. at Farmers L. & T. Co., N. Y., Trustee.
1884
First consul mtge gold
$350,000 gold
5 g J-J 15 3,708,000 Jan. 15 1937
1887
Cab cons gold (see text)_ _
Bonds.--Of the Mont. Tiac. Co., bonds, $350,000 are reserved for prior
Minneapolis & St.Paul Suburban Ry.bonds outstanding commences in 1911 and
5 g M-S
500,000 Sept. 1 1924 liens. A sinking fund of 1 % ofannum. Bonds are not subject to call.
1st M g $500,000, guar by) 1899
to 1920, thereafter 2% per
Tw Cy R T & St P Cy_c•linterest at Central Trust Co., N. Y., Trustee. runs
ROAD.- Operates about 41 miles of track in Montgomery and to Pickett
Minn St. & St. Paul City Ry.5 g J-J
656,000 Jan. 1 1911 Springs. Standard gauge; 70-lb. T and 95 lb. girder rail. -P. and Treas.,
Joint issue general mortf 1901
OFFICERS.-Pres., It. D. Apperson, Lynchburg; V.
$1,000,000 (51,0001 g_ _c Int. payable at Central Tr. Co., N. Y., Trus.
A. T. Powell; Asst. Sec., J. B. McIntire; Gen.
5 g A-0
7,418,000 Oct. 1 1928 Chas, R. Miller, Phila.; Sec., p. 1792: V.82,p. 929.
Joint consol mtge $10,000,- 1903
-V.81.
Mgr., W.H. Ragland.
p & 1_0 Central Trust Co. of New York, Trustee.
000($1,000)gu
All bonds are for $1,000 each, and, with the exception of the Minneapolis
& St. Paul Suburban Ry. and the two joint issues (of 1901 and 1903),
MORRISTOWN, N. J.
interest is payable at Farmers' Loan & Trust Co.. New York.
-An electric road.
MORRIS COUNTY TRACTION.
Stock.-ln May 1902 stockholders were given at par $1,501,000 additional
-Incorporated in New Jersey in 1899. Charter
stock (V. 74, p. 1039), in June 1905 51,000,000 at par (see V. 80, p. 2400),
ORGANIZATION.
p. 1269). This last makes gives company right of eminent domain. Built mostly on private right of
and In June 1906 $2.100.000 at par (see V.82,
outstanding stock $20,100,000.
way. Franchises through towns are perpetual.
DIvtdends.-All dividends on preferred to and including Jan. 2 1908
Interest. Outstanding. Maturity.
Date.
STOCK AND BONDS(1 k %) have been paid. First dividend of 1 % was paid on the common Stock, corn. 13.000,000 ($100)
$832,500
stock in Aug. 1899; in 1900, 3%; in 1901, 3 14 %; in 1902, Feb., 2%; 1st mtge,$3,000,000 ($1,000)1 1905
5 g J-D15 1,432,000 June15 1935
and 1 34 % paid May 1902; Aug., 1 k %; Nov., 134 %;
changed to quarterly
c*&r1Trust Co. of America, N. Y., Trustee.
gold
1908.
in 1903, 5%; in 1904, 5%;in 1905, 5%; in 1906, 5%;in 1907, 5%; in
Int. at Nat. Iron Bank, Morristown.
Feb. 1'%%. .
-Are subject to call at 110 and interest.
Bonds.
-The Minneapolis Street Railway Co. jointly and severally with
Bonds.
-For calendar year 1907, gross. $66,845; in 1906, gross,
EARNINGS.
the Minneapolis Lyndale & Minnetonka Railway Co., issued $5,000,000 5%
30-year first mortgage and first consolidated mortgage gold bonds, of which $51,048; operating expenses, $22,910; net, $28,138; interest, $28,135.
-Is to build 75 miles of road from Elizabeth, N. J., to Netcong,
Trust Company to
ROAD.
$730,000 are held in trust by the Farmers' Loan &
redeem the $730,000 prior lien bonds. See statement to New York Stock with a branch from Denville to Paterson and other branches. Thirty miles
Exchange in June 1505. The consols are also listed in London. V.60,p.1149. of road has been completed and 15 miles are being operated. Gauge, 4 ft.
The St.Paul City Railway Co. has issued 54.388,000 5% 50-year cable con- 834 in. 70-lb. T rail in country, 80-1b. girder in cities.
OFFICERS.-Pres., F. H. Alleman; V.-P., Theodore F. Lozier; Sec. and
solidated bonds (including $680.000 held by the Farmers Loan & Trust Co.,
trustee, to redeem the $680,000 prior lien bonds above); limit fixed by this Treas., A. W. Dunkle.
mortgage was $5,500,000, but by the joint consolidated mortgage of 1903
no further underlying bonds can be put out. V. 77, p. 2281. Part of these
MOUNT HOLLY, N. J.
cable consols ($1,138.000 at latest date) are guaranteed, principal and in-Trolley.
terest, by endorsement of Twin City Rapid Transit Co. See statement to
BURLINGTON COUNTY k Al LW AY CO.
New York Stock Exchange in June 1895. V. 60, p. 1150. Of the first con-is a consolidation in August 1904 of the Ludington
ORGANIZATION.
solidated mortgage of the St. Paul City, 5234,000 were held Jan. 1902 by the County Traction Co., the Mount Holly Street Ry. and the People's Traction
Farmers' Loan & Tr.Co. to be exchanged for the $224,000 first mtge.bonds. Co. V. 79, p. 785. Franchises are for 99 years from 1902
The Minneapolis Street Ry. ct St. Paul City Ry, consolidated mortgage of
Date.
Interest. outstanding. Maturity.
STOCK AND BONDS.1903 is a joint issue of the Minneapolis Street Ry.and the St.Paul City Ry.. Steck $550,000 ($100)
$484,790
$3,500,000 were to reimburse Twin City Rapid Transit Co in part for ex- 1st mtge $550,000 gold ($5001 1904
5 g M-S
475,000 Sept 1 1934
for additions to roads, plants and equipment. $1,000,000
penditures made
c.(lot. at Mt. Holly S. D. & Trust Co., Trustee.
and $1,000)_
were reserved ($344,000 of this amount have been issued) to retire the joint
Bonds.-575.000 reserved for extensions. Bonds are not subject to call.
general mortgage of 1901, which the new mortgage binds the company to V. 74, p. 1307.
pay at maturity. Rest reserved for new construction, additions and im-For calendar year 1906, gross, 562.198; net. $15,658: In
EARNINGS.
provements at 90% of cost. Guaranteed as to principal and interest by 1905,gross, $62,162; net,59,095.
endorsement by Twin City Rap. Tran. Co. (see V. 77, p. 2281 and 2340).
-About 18 miles of track from Burlington, through Mt,. HOMY
ROAD.
No underlying bonds can be extended, but must be paid oil at maturity.
to Moorestown.
-Consists of 363.87 miles of standard-gauge road, including three and Halnesport,
ROAD.
-P., Wm. G. Purl.
OFFICERS.-Pres., J. K. Bougher, Phila.; V.
Interurban lines connecting the business centres of Minneapolis and St. Paul,
itinesport, N. J.: Sec., John S. Gilbert, Hainesport, N. J.; Treas., Wm.
an Interurban line of 22 miles connecting St.Paul and Stillwater,and a line Rueinmerle Jr.. Phila.-V. 74, p. 1138: .79, p. 785. 2146.
Excelsior, at Lake Minnetonka.
to




6:2
MUNCIE, IND.

-A trolley road.
MUNCIE & PORTLAND TRACTION.
OR GANIZATION.-Incorporated July 1905 in Indiana.
Date.
STOCK AND BONDSInterest. Outstanding. Maturity.
Common, $1,000,000 ($100)$1.000,000
Preferred, 31,000,000 ($100)_
1,000,000
1st mortgage, 31,000,0001 1905
5 g J-J
900,000 July 1 1935
($1,000) gold. No S. f_c*f Int. at American Trust & Say. Bk., Ch., Tr.
-Operates 32 miles between Muncie and Portland, Ind, 70-lb.
ROAD.
T rail.
OFFICERS.-Pres. Geo. F. McCulloch; V.
-P. E. B. Ball; Sec., G. A.
-V.82, p. 1438.
Ball; Treas., F. C. Ball, all of Muncie, Ind.

MUSOATLNE, IOWA.
CIMUSCATINE LIGH f & R ACTION CO.
-A trolley road.
ORGANIZATION.
-Incorporated in New Jersey on Aug. 20 1906, and
Is successor to the Citizens' Ry. & Lt. Co. (Incorporated April 1902), which
' controlled the gas, electric-light and street-railway business of the city.
V. 83, p. 1171. Franchises run until 1929.
STOCK AND BONDS.Date.
Interest. Outstanding. Maturity.
Stock $600,000(3100)_
$600,000
Citizens' Railway & Light 1st) 1902
5 g A-0
384,000 April 1 1917
mortgage $400.000 gold )Int. at Cleveland Trust Co.. Cleveland,
($500)
c*j Trustee, or at Nat. Bk. of Commerce, N Y.
New mortgage $1,000,0001 1906
5 g M-S
425,000 Sept 1 1926
gold ($1,000) _
c*jInt. at Mich. Tr. Co.. Grand Rapids. Trustee.
Bonds.
-Or the new $1.000,000 Issue. $400,000 are reserved for prior lien
and $175,000 for future Improvements. They are subject to call at any
time at 105 and interest. Seen.83, p. 1171. The Cit. Ry. de Lt. Co. bonds
are subject to call on any interest date at 110 and interest. A sinking fund,
commencing In 1907, consists of a sum sufficient to retire $15,000 bonds
yearly at 105 and interest.
EARNINGS.
-For calendar year 1907, gross, $142,293; net, $47,104;
in 1906, gross, $124,890; net, $54,805. ..
ROAD.
-Operates 12 miles of track. 70-lb. T rail. Standard gauge.
36 cars, 26 motor and 10 trail. Owns 25 miles of gas mains and 35 miles
of electric-light lines.
OFFICERS.-Pres., Ernest A. Stowe; V.
-P., W. H. Gay; Sec., Howard
A. Thornton; Treas., Ralph S. Child; Mgr., E. M. Walker.
-V.83, p. 1171;
V. 85. p. 40.

MUSKOGEE, OKLA.
-A trolley road.
MUSKOGEE ELECTRIC TRACTION CO.
ORGANIZATION.
-Incorporated in 1904 In Indian Territory.
Interest. Outstanding. Maturity.
STOCK AND BONDS.- Date.
Stook $245,800 ($100)$245,800
1st mtge $500,000 gold ($500 1 1905
5 g A-0
229,000
1925
& $1,000) red 1915 at 1050 1Int. at Colonial Trust Co., N. Y., trustee.
-Operates 11 miles in and around Muskogee Standard gauge,
Road.
60-lb. T rail. A 3-mile extension proposed.
-P., R. D. Benson;Sec. & Treas.,
OFFICERS.-Pres., Willis E. Fertig; V.
N. A. Gibson; Mgr. and Supt., R. D. Long.

MUSKEGON, MIOH.
MUSKEGON TRACTION & LIGHTING CO.
la Jan. 1908 entire stock was acquired by the American Light & Traction
Oo. V.82, p. 49.
ORGANIZATION.
-Incorporated In Michigan on March 11901, and Is
a consolidation of the street railway, electric light and gas companies of
the city. Has 10-year contract from 1901 for city street lights. In Dec. 1905
street railway franchise extended until Jan. 19 1931 and the gas franchise
tor 5 years. See V.81, p. 1724.
STOCK AND BONDS.- Date.
Interest. Outstanding. ..faturity.
Stock 3600.000 ($100)
3600,000
Preferred $100,0006% corn _ _
6
63,000
See text
First mortgage $600,000 gold( 1901
5 g M-S
500,000 Mch 1 1931
($1,000)
Interest at Wyoming Valley Trust Co..
W likes- Barre, Pa.. Trustee.
Bonds.
-May be called after ten years at 105.
Dividends.
-On oref. stock, In 1902, 6%; In 1903, 6%; in 1904, 6%, In
1905. 6%; in 1906, 6%; In 1907, 6%.
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.
-P., Emerson McMillin; Sec. and
OFFICERS.-Pres., H. C. Abell; V.
Treas., David D. Erwin. Muskegon.- V. 81,p. 1724; V. 82.p. 49.

NASHVILLE, TENN.
-A trolley system.
NASHVILLE RAILWAY & LIGHT CO.
ORGANIZATION.- Incorporated In Tennessee. Is a reorganization
on June 26 1903 of the Nashville Railway Co., sold under foreclosure of the
latter's 1st consol. mtge. The Nashville fly. was a consolidation in 1900
of the Nashville Street Railway, the Nashville & Suburban and the Citizens' Rapid Transit, the Cumberland Electric Light & Power and the
Union Light & Power Co. Owns and operates all the street railways and
does entire commercial electric-lIghtingibusiness IniNashyille. Franchises
perpetual. I •
MIUM0m 40
1-M40.W1 AMM
4
Interest. Outstanding. Maturity.
WSTOCK AND BONDS.-. Date.
3,979,800
Common $4,000,000$
J-J
Pref 5% corn 32,500,000_ _
2,468,900Jan'08 2t' %
6 g J-J
60,000 July 1 1910
Citizens' Rapid Transit lsti 1890
mortgage 3100,000 gold ...j Int. at Trust Co. of Nor. Am., Philadelphia.
6 J-J
65,000 July 1 1926
McG & htt V Horse RR 1st M. 1886
6 J..1
1887
485,000 July 1 1937
2d series
do
6 J-J
99,000 Jan 1 1917
Nashville & Edgefleld 1st mtge 1886
6 J-J
Consol tze $400,000_ _ _ . 1890
274,000 Jan 1 1920
5 g J-J
Nfish% life St Ry consol mtgel 1895
907,000 Jan 1 1925
0
32.000.00 gold ($1,000)__ lint. on above 5 issues payable in New York.
5 g J-J
Nash I(y & Lt consol irtge) 1903
4,054,000 July 1 1053
$6,000,000 gold ($1,000) +Interest at Guaranty Trust Co., N. Y., Trus.
sinking fund
col
5 g J-J
See text July 1 1958
Nash Ry & Lt ref & imp mtge1 1906
115,000.000 ($1,000) g esjInt. at Guaranty Tr. Co., N. Y., Trustee.
6 J-J
Nash Ry & Lt coil trust notes) 1907
$1,000,000 July 1 1908
$1,000,000 (51,000 and )Interest at Guaranty Trust Co., New York,
j Trustee.
$5,000) gold
Bonds.
-Of the $6,000,000 Issue, $1,890.000 are reserved for prior liens:
this issue is subject to call on any interest date on 60 days' notice at 107.
Sinking fund $30,000 per anum. commences July 1 1913, but only if company has a surplus above charges and div. on pref. stock; bonds to be kept
alive In sinking fund. Of the new ref. and Imp. bonds,$6,000,000 are reserved for prior liens; $1,334,000 are outstanding, held as collat. for notes
of 1907; 1666,000 are reserved for immediate needs and $7,000,000 may be
issued, at the rate of $1,000 for each $1,250 expended, for future improvements and equipment, not over $700,000 to be issued in any calendar year,
and subject to certain other conditions. Sink, fund of Si of 1% of outstanding bonds starts Nov. 1 1918, bonds in sinking fund being kept alive.
The 6% collateral trust notes are secured by deposit of $1,334,000 ref, and
impt. bonds.
Dividends.
-The first dividend on pref. stock-24%-Was paid Jan. 1
1905 and 2Si% each six months since, to and including Jan. 1908.
REPORT.
-Years ending Dec. 31:
Net, after
YearInterest.
Taxes.
Gross.
Surplus
1907
$1,578,207 $609,102 $354,902 $254,200
331,514
1906
251,881
583,395
1,395,234
298,741
185,074
1905
1,174,376
483,815
-Operates 82 miles of track. Has been changed from broad to
ROAD.
standard gauge.
OFFICERS.-Pres. and Mgr., Percy Warner; V.
-P., J. C. Bradford;
-V. 83. p. 38, 158, 213, 314, 1099, 1229;
ale. and Treas.. H. C. Walters.
.84. p. 1183.




Vol,. Lxxxvi.

STREET RAILWAYS.
NATCHEZ, MISS.

SOUTHERN LI OHI & TRACTION CO.
-Street railway, gas and electric.
Is controlled by Southern Electric Securities Co. and 3340,000 of the stock
and 3266.000 of the bonds are oledged under the mortgage of that company.
V.79, p.104.
RECEIVERSHIP.
-On Oct. 25 1907 W. A. Pollock of Vicksburg was
olnirecgr 2Adlstu.tee now. This mtionrastak
thaLtuem
the
Co.
eig=1clonasmpu
.ectricgcr
(which controls this company) Is a violation of the anti-trust laws of
Mississippi and must dispose of Its holdings in properties in that Statej
V. 85, p 1144.
ORGANIZATION.-T.ncorporated in Louisiana in 1903 and is a consolldaticn of the Natchez Electric Street Ry. & Power Co., the Natchez Light.
Power & Transit Co. and the Natchez Gas Light Co. Gas franchise perpetual; street railway and electric lighting franchises expire in 1940. Does
the entire street railway, gas,electric-lighting and power business of Natchez.
Has contract with city for street lighting.
interest. Outstandina. Maturity.
STOCK AND BONDS.- Date.
Stock $500,000 ($100)
$456,700
5 g A-015
ist mortgage $500,000 gold( 1003
340,000 Apr 15 1933
_co,Int. at Inter-State Tr. & Bkg. Cc. New Or($1,000)
Cc.,
leans, Trustee, or at First Nat.
Ronds.-$160,000 are reserved for betterments and extensions. Are subject to call on or after April 15 1906 at 105 and interest. See V. 76, 1086.
EARNINGS.
-For 12 months ending June 30 1907: Gross, 3116,056;
p.
net, $39,126.
-Operates abort 7 miles of track.
ROAD.
OFFICERS.-Pres., L. H, Dinkins, New Orleans; V..P., Sol. Wexler.
New Orleans; Sec., Alex. Allison. New Orleans; Treas. A. G. Campbell,
Natchez. V. 76, p. 1086; V. 79, p. 104; V. 85, p. 1144; V.•86, p. 230.
'

NAZARETH, PA.
SLATE BELT ELECTRIC STREEf R Y.
-A trolley road.
ORGANIZATION.-Ineorporated in Pennsylvania on Feb 14 1599.
Was formerly leased to the Lehigh Valley fraction Co., but lease canceled
on May 10 1904. owing to default In payment of rental.
STOCK AND BONDS.- Date.
Interest. Outstanding.
MaturtiY.
Stock $360,000 ($50)
$360,000
1st mortgage 136mm gold' 1898
5gJ D
350,000
(I51,000)
.chtlInt. at Lehigh Val. Tr.&S.D.Co..Alle 921
lnt .
.)
Bonus.
-Are
to call after 5 years at 105.
EARNINGS.
-For fiscal year ending May 30 1907, gross, $62,544.
ROAD.
-Operates 18 miles of track from Nazareth to Bangor. 87-lb.
cars -Pres., George K. Mosser; Sec., Hubert E. Rogers; Treas..
ralis. deR.
OF lE S.
Walter M. Keck.

NEGAUNEE, MICH.

ARQUETTE COUNTY GAS & EI.ECTR IC (..0.-A trolley road.
ORGANIZATION -Incorporated In Maine on Nov. 19 1006 as a remganlration of the Marquette County Gas Light & fraction Co., sold under
foreclosure. V.83. p. 1037.
STOCK AND'BONDS.- Date.
Interest. Outstanding. 81 Aunty.
Stock $750,000 r$100) ------3750,000
First mortgage 3750,000gold) 1907
5gJJ
300,000 Jan 1 1032
($1,000) 'Int. at First Tr. l'e Say. Bk., Chicago, l'rus.
-Of the $750,000 authorized, $450,000 are reserved for extensions
Bonds.
and Improvements. A slating fund of 2% of bonds outstanding begins in
1912. Bonds are subject to call on any interest date at 105.
-Operates 43i miles of track and also does gas and electric light
RO &D.
business in Negaunee and Ishpeming.
OFFICERS.-Pres.,John B.Sears; Sec. and Treas.. John J. Bryant Jr.,
226 La Salle St., Chicago.
-V.83, p. 1037, 1590.

NEWARK, N. J.

PUBLIC SERVICE CORPORATION OF N. J.
-Street railway, gas and
-(See map on pages 64 and 65.)
electric.
ORGANIZATION.
-Incorporated In New Jersey oa May 6 1903 and
controls.through ownership of stock, the Public Service Rwy., the Orange
& Passaic Valley Ry.and the United Electric Co. of N. J. The stockholders
of the two companies last named and also the stockholders of certain of the
companies out of which the Public Service Rwy. was subsequently formed
(namely the North Jersey Street Rwy., the Jersey City Hoboken & Paterson St. Rwy. and the Elizabeth Plainfield & Central New Jersey Rwy.)
were given certificates described below in exchangeffor their stock. Holders
of these trust certificates (as also shareholders of the four leased properties)
were accorded the privilege of subscribing at par for Public Service stock to
amount of one-sixth their holdings. See plan in V. 76. p. 865, and also
p. 1249. The Fidelity Trust Co. of Newark financed the transaction.
Controls practically the entire street railway business of Northern New
Jersey and the gas and lighting interests of the greater part of New Jersey.
Leases the Essex & Hudson Gas Co.. the Hudson County Gas Co., the
Paterson & Passaic Gas & Electric Co., the South Jersey Gas Electric &
Traction Co., the South Orange & Maplewood Traction. the Orange & Passale Valley By., the Somerset Union & Middlesex Lighting Co., the Camden
Suburban By., the New Brunswick Light Heat & Power Co., the Gas &
Electric Co. of Bergen County. Also owns entire capital stock of the Middlesex Electric Light & Power Co.
In April 1906 the $6,250,000 notes given below were Issued to finance the
company s needs during 1906 and 1907. The notes were underwritten by
Robert Winthrop & Co. and the United Gas Improvement Co. V.82, p.870.
Tunnel Connection with New York.
-In April 1906 plans were consummated between this company and the Pennsylvania RR. for a high-speed
electric line from Newark direct to the New York terminal of the latter company. This would obviate the necessity for the building of tunnels by the
Public Service Corporation. See V. 82. P• 988.
Lower Rates to Consumers for Lighting Service.
-In Nov. 1906 notice was
given of contemplated reductions in rates for electric light and gas. V. 83,
p. 1229.
Merger of Subsidiaries.
-In 1907 the North Jersey Street Ry., the Jersey
City Hoboken & Paterson Street By. and the United Street By. of Central
New Jersey were consolidated under the name of the Public Service Ry.,
which see below. V. 85, p. 406 and 470.
STOCK AND BONDS-Interest. Outstanding. Maturity.
Date.
Stock, $25,000,000 ($100)_
$12,500,000Dec31'07,1 %
Trust certificates, $20,200,0001 1903
See text 19,698,750
Perpetual
1FIdelity Trust Co., Newark, Trustee.
Collateral trust notes. $7,1 1904
7,250,000 Nov 1 1900
5 M-N
250,000 ($1,000) g
Newark. Trustee.
c* Fidelity Trust Co..
Interest at Robert Winthrop & Co., N. Y.
6,250,000 Nov 1 1909
Cony notes, $6,250.000, gold( 1906
5 g M-N
($1,000)
c*I Fidelity Trust Co., Newark, Trustee.
lint. at office of R. Winthrop & Co., N. y,
800,000 See text.
Car trust certificates
1 1908
6-J-J
Int. at Fidelity Trust Co.. Phila.. Pa.
Stock and Bonds.-$2,500,000 additional stock was issued in April 1905,
making $12,500,000 outstanding, all paid for at par In cash, and by-laws
of the company are made to provide that the remaining $12,500,000 is also
to be issued only for cash at not less than par. The trust certificates bear
2% interest (dating from June 1 1903) the first two years, 23i % the third
year, and increasing by Si % each following year until 6% is reached in the
tenth year, which is to be the rate thereafter. Interest is payable May and
November. The Fidelity Trust Co. of Newark in January 1905 offered
$2,000,000 of these certificates at 110 and endorsed upon them Its agreement
to pay each year up to 1912 an additional amount of Interest to bring the
aggregate stipulated rate of interest Immediately up to 6%, See V. go.
p. 164. The following shows the terms upon which the stocks of the constituent companies were exchanged for the trust certificates. The stocks
acquired are pledged as security for the trust certificates.
New
Totalctfs.
Total
Total
certifi- if all stock
deposited, cafes, exchanged.
stock.
*North Jersey Street Ry
15,000,000 14,255,200 40
6,000,000
*Jersey City Hoboken & Paterson
Street Ry
20.000,000 19,839,600 35
7,000,000
*Elizabeth Plainfield & Central
Jersey By. Co
3,000,000
3,000,000 30
900,000
Orange & Passaic Valley By. Co__ 1,000,000
918,700 30
300,000
United Electric Co
20,000,000 19,594,000 30
6,000,000
Total
20,200,000
* Now merged In the Public Service Railway, which see below.

STREET RAILWAYS.

FEB., 1908.1

The trust deed provides that the stocks pledged shall not be used so as to
Increase the capital stock of any of the companies, nor to create any new
liens upon the respective companies except to take up existing debt of any
such company or of underlying or subsidiary companies.
The convertible notes of 1906 are convertible at option of holder on
May 1 1909 into stock of the company at par.
The 1908 car trust cc:titicates mature $40,000semi-annually, beginning
July 1 1908.
The collateral trust notes of 1904 in table above were sold in Oct. 1904
to Robt. Winthrop & Co., J. & W. Seligman & Co. and Lee, Higginson &
Co., and were issued to provide funds for extensions, improvements, &c.
V. 79, p. 1956, 2457. They are subject to call on any interest date at 102%
and interest. The following bonds of subsidiary companies have been
deposited with the trustee as collateral for these notes:
$7,230,000
North Jersey St. Ry. Co.,4% 50-year bond
1,284,000
J. C. Hob. & Pat. St. Ry. Co.,4% 50-year 1st mtg. bonds
683,000
United Electric Co. of N. J., 4% 50-year 1st mtg. bond
507,000
Somerset U. & Middlesex Light Co.,4% 40-year mtg. bonds__
154,000
Eliz. Plain. & Cent. Jersey Ry. Co., 5% 50-year mtg. bonds__
83,000
Orange & Passaic Valley Ry. Co., 5% 40-year bonds
20,000
Central Electric Co., 5% 40-year cons. mtg. bonds
21,000
Somerset Lighting Co., 5% 1st mtg. bonds
1,507,000
So. Jersey Gas El. & Tr. Co., 5% 50-year 1st mtg. bonds
19,000
Eliz. & Rar. River St. Ry. Co., 5% 50-year gen. mtg. bonds_ _ _.
-In the following we show the companies held under leases by
Leases.
the Public Service Corporation, with the annual dividends called for on the
stocks of such companies.
-Annual Rental-Dividends Guaranteed-1st yr. 2d 3d 4th 51h 6th 711i 81h Thereafter
Company%
% % % % %%
%
8 8 8 8 yearly.
3% 4% 5
6 7
Essex do Hudson Gas Co
6 7 8 8 "
Hudson County Gas Co
2% 3
2
4 5
Paterson do Passaic Gas &
2% 3 3% 4 5
Electric Co
1% 2
South Jersey Gas, Electric &
8 8 8 8 "
Traction Co
3% 4% 5
6 7
Elizabeth Plainfield & Central New Jersey*
1
Orange do Passaic Valleya
Somerset Union do Middlesex Lighting
See those companies.
Camden & Suburban Rallwaya
Elizabeth & Raritan River Street Railway*
New Brunswick Light, Heat & Power Co
Gas & Electric Co. of Bergen County
United Electric co. of New Jersey
*These roads have since been merged in Public Service fly.
a These roads are now leased to Public Service Ry.
Dividends.
-First div. of 1% was paid June 29 1907, 1 % was paid Sept. 30
1907 and 1 % Dec. 31 1907.
-Company makes no regular annual report, but in a speech
REPORT.
before the Plainfield Board of Trade on Feb. 12 1007 Pres. Thomas N. McCarterstated that in 1906 the company earned a little over 5% on itsstockthis on a gross business of $21,000,000. In the following we show the
latest figures available for some of the separate properties (before Public
Service Ry. Co. was organized).
EARNINGS OF STREET RAILWAY PROPERTIES.
Net.
Oper. Exp.
Gross.
Calendar Year 1906$577,530
$1,677,798 $1,100,269
Public Service Corporation*
2,404,211
5,622,981
3,218,770
North Jersey Street Ry
1,137,854
1,437,834
2,575,688
Jersey City Hoboken do Paterson Ry
25,097
90,044
64,947
Bergen Turnpike Co
Total

$9,966,511

$5,821,820

$4,144,692

* Includes the operation of the Camden Gloucester & Woodbury, the
Camden & Suburban, the Elizabeth Plainfield & Central Jersey, the Elizabeth & Raritan River and the Orange & Passaic Valley.
-Comprises 658.45 miles of street railway track in New Jersey.
ROAD.
OFFICERS.-Pres., Thos. N. McCarter; 1st V.
-P., George J. Roberts;
-P., John J. Burleigh; Sec., Ed. W. Hine; Treas., •Jas. P. Dusen2d V.
-V. 83, p. 1229; V. 84, p. 1552; V. 85,
berry; Comp., Percy S. Young.
p. 42, 100, 285, 406. 470, 795, 1402.
United Electric Co.
-Organized June 1 1899.
ORGANIZATION.
Lease.-Leased in 1907 for 999 years to Public Service Corporation. Under
the lease the $400,000 surplus cash assets of company will be divided and
a rental of 3% for two years. 4% for next two years and 5% thereafter paid.
V. 85, p. 44. The Public Service Corporation owns nearly all of this company's stock. A special dividend of 5% out of accumulated net earnings
since 1899 was paid June 29 1907-see V. 85, p. 44.
Interest. Outstanding. Maturity.
Date.
BONDS.$20,000,000 Jan 08,112%
Stock, $20,000,000
18,418,000 June 1 1949
4 g J-D
1st mtge $20,000,000 gold. 1899
Int. at N.J.TItle Guar. & Tr. Co., J.C.. Trus.
......
($500 and $1 000)
405,000 -June 1 1938
5 g J-D
Heat & Pow $1,000,- 1898
Con Lt
_ Int. at N.J.Title Guar &Tr.Co ,J.C., Trustee
000 ($500) gold__
384,000 Oct 1 1938
5 g A-0
No Hudson Lt Heat & Pow 1898
Int. at N.J.Title Gusr.&Tr.Co.,J.C., rus.
32,000,000 ($1,000)
31,500 Dee 1 1909
6 J-D
Jersey City Electric Light Co 1889
N.J.Titie Guar.&Tr.Co., Jersey City, Trus.
1st mortgage
---In addition to the above there are $115,000 Con. Lt. Ht. & Pow.
Bands.
bonds in hands of trustee. $1.582 000 1st mtge. bonds are reserved to retire
these $115,000, together with the Con. Lt. Ht. & Pow. and No. Bud. Lt.
Ht. & Pow, bonds, on the following basis: $175 1st mtge. bonds for $100
prior bonds and $20 in cash. V. 85, p. 44, 288, 415.

63

-Of the new 55,000,000 mtge. of 1899, $969,000 is reserved for
Bonds.
The new bonds are not subject to call. The Paterson
underlying liens
Safe Deposit & Trust Co is trustec.
Somerset Union & Middlesex Lighting Co.
-Incorporated in New Jersey on Dec. 1 1903, in the
ORGANIZATION.
interest of the Public Service Corporation, as a consolidation of the Somerset
Lighting Co. of Somerville, N. J., the Plainfield Gas & Electric Light Co. of
Plainfield, N. J , and the Citizens' Electric Co. of North Plainfield. (V. 78,
p. 107.) On Dec. 31 1903 the Central Electric Co. was also merged in the
same.
LEASE.
-The company is leased to the Public Service Corporation for
900 years from Dec. 31 1903 on the following terms, viz.: all interest, expenses and taxes to be paid by Public Service Corp., and as rental a dividend
on the stock accruing as follows: From Dec. 1 1905. 1 %; Dec. 1 1906
1;4 %; Dec. 1 1907 2%; Dec. 1 1908, 23. %; Dec. 1 1909, 3%; Dec. 1 1910
%: Dec. 1 1911 and thereafter, 4 %.
Interest. Outstanding. Maturity.
srocK AND BONDS.- Date.
See text
$1,050,000
.I-D
Stock $1,050.000 ($100)
1,943,978 Dec 1 1943
4 g J-D
Somerset Un & Mid Lt Co MI 1903
52,750,000 (51,000) g....c*f Int. at Fidelity Tr. Co. Newark, Trustee.
Underlying Bonds assumed
110,000 Jan 1 1911
5 J-J
Plainfield Gas & Electric lstf 1891
tCentral Trust Co., New York. Trustee.
350,000 April 1 1940
5 A-0
Plainfield Gas & Elect Lt geni 1900
mtire $500,000
Morton Trust Co New York, Trustee.
40,000 Nov 1 1915
5 M-N
Citizens' Electric 1st
1895
1. Knickerbocker Tr. Co., New York, Trustee.
150,000 Feb 1 1936
5 F-A
Somerset Lighting*Co 1st _
1899
f Fidelity Trust Co., Newark Trustee.
Cent Elec 1st mtge $750,000 1900
700,000 July 1 1940
5 g J-J
($500 and $1,000) gold_ c* Int. at Fidelity 'Pr. Co., Newark, Trustee.
Edison Elcct Ill of N B 1st 1838
50,000 June 1 1918
6 J-D
mortgage
Bonds.
-$1,127,978 of the 1903 bonds have been Issued in exchange for
the stocks of the companies consolidated and $816,000 for extensions and
Improvements; $897 is reserved for the Central Electric stock not yet acquired (the company having previously obtained the remainder of the
$750,000 total stock of that company), $775,000 to retire the underlying
bonds and $30,125 for future additions and improvements. No sinking
fund and bonds cannot he called. Of the $500,000 Plainfield Gas & Electric
general 5s, 5150.000 is reserved for prior liens. Of Central Electric Co.
bonds, $50,000 is reserved to retire a like amount of Edison Electric
Illuminating Co. bonds. The Central Electric bonds are subject to call
after 1005 at 110 and interest.
V. 78. p. 107.
Pres.. H. G. Runkle: Sec., J. C. Pope
South Jersey Gas, Electric2& TractionICo
This company was leased to the Public ServicelCorporation for:000 years
from June 1 1903. See terms further above.
-Incorporated in 1900 to bring under one control
ORGANIZATION.
the gas, electric light and trolley interests in Southern New Jersey. In
Dec. 1902 purchased the entire capital stock of the Bristol Electric Light &
Power Co. of Bristol. Pa.; the latter has no bonded debt.
Also owns the entire capital stock (5600,000) of the Camden Gloucester
& Woodbury Ry., which has been leased to the Public Service 12y. Co.
Interest. Outstanding. Maturity.
STOCK ANDIBONDS.-- Date.
See text
$6,000,000
J-D
_
Stock 56,000,000 ($100)_ _ _
5 g M-S
11,493,000 Mch 1 1953
1st mtge $15,000,000 gold 1903
($1,000) guaranteed_.. .0' Int. at Fidelity Tr. Co., Newark,N.J., Trus.
2,000,000 Mch 1 1949
5 g M-S
Trenton G& El 1st 1).1 $2,000.- 1899
J Interest at Trust Co. of Am., N. Y., Trustee.
_
000 geld ($1.000)
100,000 May 1 1921
5 g M-N
Burlington Gas Lt Co 1st M_ -f 1901
tint. at Brirl'gt'nCityL.&T.Co.,Buri'n, N. J
-Of the new $15,000,000 issue, $2,108,000 are reserved to retire
Bonds.
prior liens and 51..0)1,00i) for additions and improvements. No sinking
fund and bonds cannot be called. These bonds are guaranteed by the Public Service Corporation. The Trenton Gas & Electric Co. bonds are also
-V. 76, p. 332, 544, 866,
guaranteed by the Public Service Corporation.
1144, 1250; V. 78, p. 1449.
Gas •& Electric Co. of Bergen County.
-Is leased to the Public Service Corporation for 999 years from
LEASE.
Jan. 1 1905. Dividends are to be 2% for first two years, 234 % for the
next year, 3% for the next two years. 4% for the next four years and 5%
thereafter.'
-Is a consolidationllof several small gas and electricORGANIZATION.
sight companies. Stock was formerly held in a voting trust, but this expired by limitationlon Dec. 28 1904. See V. 80. p• 653.
Date.
Interest. Outstanding. Maturity.
STOCK AND BONDSSee text.
52.000,000
Stock, $2,000,000 ($100)
5 g M-N
46,000 Nov. 1 1954
General mortgage.$5,000,0001 1904
1Bowling Green Trust Co.. N. Y., Trustee.
gold ($1.000)
1,637.000 Nov. 1 1954
5 M-N
General mortgage $5,000,000 1904
Fidelity Trust Co., Newark. Trustee.
1.323,000 June 1 1949
5 g J-D
Consolidated mortgage, $1,- 1899
Fidelity Trust Co., Newark. Trustee.
500,000 gold
50,000 Mch. 1 1911
6 g M-S
N Y Ruth & Sub consol mtge. 1895
50,000 Mch. 1 1911
6 M-N
Ruth & B Springs gen mtge__ 1891
23,000 Jan. 1 1939
5 J-J
Engiew G & E general mtge._ 1899
13,000 Sept. 1 1908
5 M'S
Bergen Co Gas Light first mtge 1893
3,000 Jan. 1 1917
Hack Gas & Elec deb Series 1_1897-8 6 J-J
10,000 Jan. 1 1935
5 J-J
Hack Gas & Elec general mtge 1895
• 28.000 Jan. 1 1934
5 J-J
Hack G L 1st mtge (11,000) _ _c 1894
--Of the general mortgage for $5,009,000. $1,546,000 are reserved
Bonds.
to retire prior liens and $1,817.000 for additions and improvements.
-V. 80, p. 653.
OFEICERS.-Pres.. Dr. D. St. John, Hackensack.
New Brunswick Light. Heat & Power Co.
-Incorporated in New Jersey on Dec 7 1899. Owns
ORGANIZATION.
all the stock of the Gas Light Co. of New Brunswick. Is leased to the
Public Service Corporation for 900 years from Jan. 11905. rental being 2%
in each of the years 1905 and 1906, 2% % in 1907 and 1908,3% in 1909 and
.4
1910.3Vs%in1011,4%in1912 Vs% 1n 1913 and 5% in 1914 and thereafter.
Interest. Outstanding. Maturity.
Date.
STOCK AND BONDS$400,000
See text.
J-J
.......
Stock,$500,000($100)
500,000 Dec.15 1939
4 g J-D 15
First mtge, $500,000, gold) 1899
cslInt. atiFidelity Trust Co., Newark, Trugtee.
($500 and 11,000)
OFFICERS.-Pres., John C. Eisele. Newark; Sec., H. M. Barrett;
-V. 79. p 2799.
Treas., Nathaniel King, Newark.
Middlesex Electric Light & Power Co.
&
-Is a consolidation of the Carteret Electric Light ORGANIZATION.
Power Co. and the Middlesex Lighting Co. Stock all owned by Public
Service Corporation.
Interest. Outstanding. Maturity.
Date.
STOCK AND BONDS$175,000
Stock, $200,000
5 g J-J
174.000 Jan ,1955
First mortgage, $200,000, gold 1905
-Of the bonds, $23,000 are reserved for improvements.
Bonds.

COMPANIES LEASED (BUT NOT OWNED) 11Y PUBLIC SERVICE
CORPORATION
Essex & Hudson Gas Company.
is leased to the Public Service Corporation for 900 years
This company
from June 1 1903. See terms further above. The United Gas Improvement
Co. owns a majority of the stock.
-Incorporated in New Jersey in Nov. 1808, and leases
ORGANIZATION.
the Newark Consolidated Gas Co. for 999 years from Dec. 11898, at a rental
of all fixed charges and dividends on the 50,000,000 stock of that company,
commenclnir at M % on July 1 1000 and increasing .% 7‘. yearly until 5% is
reached in 1910, thereafter 5% per atrium.
Interest. Outstanding. Maturity.
STOCK AND BONDS - Date.
$6,500,000
.1-D
Stock $6,500,000 ($100)-----6,000,000 Dec 1 1948
5 g J-D
Newark Cons Gas cons mtge 1898
Fidelity Trust Co., Newark, Trustee.
$10,000,000 g ($1,000) _c"
4,000,000 April 1 1944
6 Q-J
Newark Gas 1st mtge $4,000,- 1895
000 ($1,000)- - - - - --c
-Of the 510,000,000 Newark Con. Gas bonds, $4,000,000 are reBands.
served to retire underlying liens.
-Owns entire gas plants in the territory between Passaic and
PLANT.
-V.67, p. 1002, 1160.
Elizabeth, including Newark.
Hudson County Gas Co.
This company is leased to the Public Service Corporation for 900 years
PUBLIC SERVICE RAILWAY CO.
from June 1 1903. See terms further above.
ORGANIZATION.-Organked in 1007 as a consolidation of the North
-Incorporated in New Jersey in October 1899, and Jersey Street Ry., the Jersey City Hoboken & Paterson St. Ry. and the
ORGANIZATION.
plants in Jersey City and Hoboken.
is a consolidatiGn of the various gas
New Jersey. V. 85,
Interest. Outstanding. -Maturity. United Street Ry. of Central absorbed the Newarkp. 406. The North JerSTOCK AND BONDS.- Date.
dc South Orange. The
sey Street Ry. In Jan. 1898
_
_ 510,500,000
Stock $10,500,000 ($10(0..__ _
a consolidation in November 1899
M-N
10,500,000 Nov 1 1949 Jersey City Hoboken & Paterson was
5g
First mortgage $10,500,0001 1899
of the following: Jersey City Hoboken & Rutherford Electric; North
_JN.J.Titie Guar.&Tr.Co., Jersey City, Trus. Hudson County (controlling the Hudson & Bergen Traction and the
gold
-Controls all gas plants in Jersey City, Hoboken and Hudson Pavonia Horse Railroad); Palisades Railroad: Paterson Central Electric:
PLANT.
-V.78, p. 770; V. 84, p. 1555.
County, N. J.
Paterson Horse Ilallrosid; Paterson Pascale & Rutherford Electric RR.:
Paterson & Passaic (las & Electric Co.
Paterson Ry.; Saddle River Traction; White Line Traction, formerly the
company is leased to the Public Service Corporation for 900 years New Jersey Electric. The United Street Ry. of Central New Jersey was a
This
consolidation in July 1907 of the Elizabeth Plainfield & Central Jersey Ry.
from June 1 1903. See terms further above.
ORGANIZATION. Is a consolidation of the various gas and lighting (v hich was chartered in 1900 as a consolidation of the Plainfield Street Ry
and other companies) and the Elizabeth & Raritan River Street Ry. (which
properties of Paterson and Passaic.
Interest. Outstanding. At aturity. was a consolidation on April 30 1904 of the Middlesex & Somerset Traction
STOCK AND BONDS.- Date.
Co. and the East Jersey Street Ry. which latter company had previously
$5,000,000
D
$5,000,000 ($100)_ .
Stock
4,031,000 Meh 1 1949 absorbed the Raritan Traction Co., the Perth Amboy RR. and the East
5 g M-S
Cons mtae $5,000,000 gold( 1899
cef lnt.. at First Nat. Bank, Paterson, or First Jersey Traction Co.)
(51,000)
Controlled by Public Service Corporation through ownership of stock.
I. National Bank, New York.
150,000 July 1 1912 No lease.
5
1892
Ed El Ill 1st mtge
In addition to above the Public Service Ry. leases the Consolidated Trac548,000 June30 1925
5 g J-.T
1895
Ed El Ill gen mtge
52,000 May 1 1908 tion of New Jersey, the South Orange & Maplewood Traction, the Bergen
1888
6 g M-N
Paterson El Lt 1st mtge
316,000 May 1 1925 Turnpike Co., the Orange & Passaic Valley Ry., the Camden & Suburban
5 g J-D
Passaic Ltg Co con mtge..- 1895
1908 Ry. and the Camden Gloucester & Woodbury Ry. Co., which companies
3,000
1897
5 g J-J
Passaic Ltg Co 2d mtge
50,000 June 1 1922 see below.
6 g J-0
1892
Passaic Gas Lt 1st mtge




64




STREET RAILWAYS.
;
0•

WEST PALMYRA

iNivitHouJ
1
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0
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0
4

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1
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.

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HE GHTS

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HEIGHTS

BELLMAW

MAP SHOWING LINES OF
ASHLAND

LAWNSIDE
OOD BURY PARK

Public Service Corporation
of New Jersey.

MAGNOLIA

IN SOUTHERN NEW JERSEY.

SOM ERDAL
GLENDORA
OODBURY

STRATFOR
LMON ESSON

KIRKWOOD

LAUREL.SPRINGS

MULLICA HILL ROAD

moi•me ism
GO

.11

PUBLIC SERVICE LINES.
UNDER CONSTRUCTION.
PROPOSED EXTENSIONS.
CONNECTING LINES.

GARDEN LAKE

SCALE OF MILES

GOODINTENT
BLACKWOOD

CLEMENTON

BERLIN

GLENLOCH

5,265

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5,616
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18,469

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3,944
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3,389
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1,907

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23,133

MILLTOWN

1,210
HARDENRERG
CORNERS

1
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SOUTHRIVER

65

STREET RAILWAYS.

FEB., 11108.]

LW BRIDGE

111,44
TOTOWA
DUNDEE LAKE
ENGLEWOOD:

:
7,922

•
•

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BOGART
HEIGHT

500

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CALDWELL

37,837

MONTCLAIR
HEIGHTS

483 .

ALLI N GTO

CEDAR GROVE

_41,670

UPPER
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1,772

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66

STREET RAILWAYS.

The basis of exchange of old stock for stock of this company is as follows
Receive New Stock
Total
Total
in new if all Stock
Stock.
Name of CompanyDeposited. Stock. Exchanged
North Jersey Street Ry....._$15,000,000 $14,255,200 100% $15,000,000
Jersey City Hob. & Pat.__ 20,000,000
19,839,600 100%
20,000,000
United St. Ry. of Cent.N.J
4,000,000
4,000,000
75%
3,000,000

1V0L.

STOCK, BONDS, ETC.- Par.
Interest. Outstanding. Last div.Ac
Stock, trustees' certificates11
J-D30
$504,000
See text
1st mtge, $500,000, g
c*1 1,000 5 g A-0
500,000 April 1 1921
Sub.to call at 110& int.any Interest at office of Fidelity Trust Co..
time after April 1 1901.
Newark, N. J., Trustee.
Dividends of 11 % % yearly are guaranteed by the Newark Passenger and
New Jersey Traction companies upon the trustees' certificates issued for
stock. Miles of track 12.07.
(e) Passaic & Newark Electric Traction.
-A trolley road.
ORGANIZATION.
-Incorporated April 30 1895 and acquired all the
$1,000,000 stock of the Passaic & Newark Electric By. Consolidated
Traction Co. of N. J. owns ail the stock and guarantees the bonds.
STOCK AND BONDS.- Date.
Interest. Outstanding. Maturity.
Stock 51,000,000 ($100)_
$1,000,000
1st M 51,000 000 guar p & ml 1897
-D
5 gj
350,000 June 1 1937
jInt. at N.J. Title Gil. & Tr.. Jersey City.
by Consul Trac of N J •
ROAD.
-Owns 10.73 miles of track.
-Trolley.
(2) South Orange & Maplewood Traction.
This company was leased on Oct. 1 1903 to the North Jersey St. Ry.(now
merged in the Public Service Ry.) in perpetuity, the rental being 12,000
on the preferred stock for first year and increasing $500 yearly until ninth
year, when $6,000 is paid, which amount is to be paid thereafter. Rental is
guaranteed by Public Service Corporation of New Jersey. V.77, p. 824.
ORGANIZATION.
-Consolidation in July 1901 of the South Orange &
Maplewood Tr. Co. and the South Orange & Maplewood St. By. Stock authorized, common, $75,000; preferred, 5150,000. No bonds.
ROAD.-Total,including sidings, 5.4 miles.
(3) Bergen Turnpike Co.
Leased to Public Service Ry. Jail. 1 1908.
ORGANIZATION.
-Originally chartered on Oct. 27 1802, with $53,990
capital ($10 shares), and owns the turnpike from Hoboken to Hackensack,
a distance of 12 miles, over which an electric road was constructed in 1902.
Jersey City Hoboken & Paterson (now merged in the Public Service Rwy.
Co.) owned a majority of the stock and guaranteed its $1,000,000 5%
bonds,dated 1901,due July 1 1951; Interest J-J: prin. and int payable at
New Jersey Title Guarantee & Trust Co., Jersey City, Trustee.
(4) Orange & Passaic Valley RY
Leased for 900 years from Nov. 1 1903 to Public Service Corporation for
interest on the trust certificates issued In exchange for stock. Lease was
assigned to North Jersey Street Ry. Co. July 23 1907 and now held by
Public Service By.
ORGANIZATION.
-Incorporated In 1898 as successor of Suburban
Traction Co.. sold in foreclosure July 6 1898.
BONDS.Date.
Interest. Outstandlno. Maturity.
1st mtge $1,000,000.-_f 1898
5 J-D
$833,000 Dec 1 1938
IN.J.Tit Guar. & Tr. Co. of Jersey City, Trus.
(5) Camden & Suburban RY.
Was leased on May 1 1904 to the Public Service Corporation for 999 years
rental being (In addition to fixed charges) $30,000 the first year (1905).
$36,000 the second year, $42,000 the third year, $48,000 the fourth year,
$54.000 the fifth year, $72,000 the sixth year, 584,000 the seventh year,
196.000 the eighth year, $108,000 the ninth year and 5120,000 the tenth
year and thereafter. V. 78, p. 2383. Lease was assigned to Public
Service Ry. Co. Sept. 30 1907.
ORGANIZATION.
-Formed in 1896
Controls the Camden Horse RR,
(which is leased) and the West Jer ey Traction Co.(stock $65,000).
STOCK AND BONDS.- Date.
Interest. Outstanding. Maturity.
Stock $3,000,000 ($25)
See text
Q-F
See text
1st mortgage $3,000,000 goldl 1896
5 J-J
$1,440,000 July 1 1946
9oo
4os Trus.
lint. at Security Tr. Co., Camden. N.J., Trus
tex.
t
Car trusts
( 1s1t1r;00t0s)170,000
r
1904
5 g A-0
tint, at Camden (N. J.) Safe Dep. & Tr. Co.
Bonds.
-The car trusts in table above mature $7 000 annually on April 1
until and including 1914* $7,000 were retired on April 1 1905, $7,000 on
April 1 1906 and $7,000 April 11907. Of the 1st mtge. bonds, $1,000,000
are reserved to retire stock of Camden Horse RR. and $500,000 to retire
bonds of that company.
Stock.
-The stock is all outstanding; 20% paid in.
ROAD.
-Track, 50.37 miles: Camden Horse RR., leased. 30.11 miles;
West Jersey Traction Co., 3.19 miles; total, 83.67 miles. Connection
.383 gh to Trenton Is made over the Camden 44 Trenton. V. 78, P. 1781
2h ro.
u

Total
$39,000,000 $38,094,800
$38,000,000
Right to Tax Franchise.-In Jan. 1902 the New Jersey Court of Errors and
Appeals decided that the Newark City authorities could not tax the North
Jersey Street Ry. franchises. V. 74, p. 281.
Operation Legal.-July 2 1907 the Court of Errors and Appeals sustained
the right of the North Jersey Street Ry.to operate the main part of system
in Jersey City. The city had claimed that a new franchise was needed
See V. 85, P. 100.
"No Seat, No Fare" Ordinance.
-In Nov. 1907 the Supreme Court of
New Jersey sustained validity of this Jersey City ordinance, which provides
among other things that a seat must be provided for every passenger from
whom a fare is demanded. See V. 85, p. 1271.
STOCK AND BONDS.
Date.
•Rate. Outstanding.
Div., etc.
Stock, $38,000,00Q (3100)137,094.800
SECURITIES OF NORTH JERSEY STREET RY.
•
Date.
Interest. Qutstanding. Maturity.
First mortgage, $15,000,000.1 1898
4 g M-N $15,000,000 May 1 1948
gold ($1,000 each)
{ Manhattan Trust Co.. New York, Trustee.
(Interest at Fidelity Trust Co., Newark, N. J.
SECURITIES OF JERSEY CITY HOBOKEN & PATERSON
ST. BY.
Date.
Interest. Outstanding. Maturity.
Jersey City Hoboken & Pater-1 1899
4 g M-N $14,048,000 Nov 1 1949
erson mortgage gold, $20,- Interest at New Jersey Title Guarantee &
000,000 ($1,000)
c*J Trust Co., Jersey City, Trustee.
Bonds of Constituent Cos.
N. Hud. Co. Ry. mtge.(51,000)1884
6 J-J
620,000 Jan 1 1914
North Hudson County Ry.)
consol mortgage $3,000,000} 1888
5 J-J
2.378,000 July 1 1928
$620,000 to retire 1st 51_0.1
N. Hud. Co. Ry. 2d M.(31,000) 1894
5 M-N
1,291,000 May 1 1924
Weehawken Extension Mort-1 1895
5 F-A
100,000 Feb 1 1915
gage
• Central Trust Co., New York, Trustee.
Paterson Ry Consol mortgage 1891
6 g J-D
1,048,000 June 1 1931
• gold $1,250,000 ($1,000)..c Knickerbocker Trust Co., N. Y. Trustee.
Paterson Ry second gen mtge 1894
6 A-0
300,000 Oct 1
$300,000, red at any time Paterson Savings Institution, Trustee.1914
Paterson Ry second mortgagef 1888
6 J-D
202,000 June 1 1908
1Subject to call at 105 and interest.
Bonds.
--The second 5s of the North Hudson County Ry. expired May 1
1904, but were extended unt I May 1 1924. See V. 78, p. 1392. These
bonds are redeemable at 110 and interest on any Interest date. V. 78,
p. 1392.
SECURITIES OF UNITED STREET RY. OF CENTRAL N. J.
Bonds of Constituent Cos.- Date.
Interest. Outstanding. Maturity.
Eliz. Plain. & Cent. N. J. M) 1900
5 g J-D
$2,400,000 Dec 1 1950
$2,500,000 ($1,000) gold.c*}Interest at Fidelity Trust Co., Newark,
No. S. f. & cannot be called) Trustee.
PlaInfield Street By. fit M1 1802
first
5 J-J
100,000
1922
($1,000) c*__ _ _Call in 1904 Int. at Fidelity Trust Co., Newark, Trustee.
Elizabeth 44 Raritan Riv. St. 1904
5 g M-N
1,500,000 May. 1 1954
Ry. gen. mtge, $3,500,000 Fidelity Trust Co., Newark Trustee.
Brunswick Traction mtge, g 1896 5 g J-J
600,000 July 1 1926
($1,000) c*cannot be called Fidelity Trust Co., Newark, Trustee.
Middlesex & Somerset Trac, g 1900
1,000,000 Jan 11050
5 g J-J
M $1,500,000 ($1,000)_c* Int. at Fidelity Trust Co., Newark, Trustee.
East Jersey first mtge, $500,- 1904 • 5 g M-N
500,000 May 1 1944
000, gold, guar p and I__
Perth Amboy Tr. Co.. Perth Amboy, Trus.
Bonds.
-Of the total issue of Eliz. Plain. Cent. N. J. bonds dated 1900,
$100,000 is held to provide for like amount of the Plainfield Street Ry. Co.
bonds. See V. 71. p. 1310. Of the Ellz. & Raritan River Street By.
gen. mtg. of 1904, $2,000,000 are reserved to retire prior liens.
-Operates 648.099 miles of road.
ROAD.
OFFICERS--Pres., Thos. W. McCarter; 1st V.
-P., Geo. J. Roberts;
2d V.
-P., J. J. Burieigh; Sec., E. W. Hine; Treas., J. P. Dusenberry;
Comp.,P. S. Young: Gen. Mgr., R.E. Danforth; Gen. Aud.,M.R. Boylan.
-V.85, p. 406, 1271.
(1) Consolidated Traction of New Jersey.
(a) Camden Horse RR.
-A trolley and horse road.
On June 1 1898 leased to North Jersey Street Ry. for 999-years, and lease
ORGANIZATION.
-Incorporated March 23 1866. Leased to the Camhas now passed to Public Service Rwy. Co. V. 66, p. 1141; validity of
den & Suburban By. from April 1 11496. Rental, &c., received In 1906.
lease was affirmed in Feb. 1902 (V. 74, p. 380) and again in Feb. 1903. $60,000,
from which paid 24% on stock.
V. 76. p. 382.
Interest. Outstanding.may al rity
25ooao0
STOCK AND BONDS.- Date.
Dividends under lease are:
M tul90.
9
5250.000
See text
1899-1901.
1903-1904.
1902.
1905.
See text
Thereafter. Stock ($25) paid in
1st mortgage
2%
2;i %
3%
3 %
4%
1'rust
Can250,00orusay
STOCK AND BONDSK1en, T s ee.
1cu11ty 5
fSe889 ' M
Date. Interest. Outstanding. maturity.
it
1892
5 M-N
Stock, all paid in ($100) ____
J-J 15
1 1912
$15,000,000
See text 1st cons mtge 5500.000 ($500) Security Trust Co., Camden,
Underlying bonds-see below
Trustee.
7,308,000
Interest payable at New Jersey Trust Company,Camden, N. J.
1st mortgage, gold, $15,000,-1 1893
5 g J-D
15,000,000 June 11033
000 ($1,000)
jInterest at Manhattan Tr. Co., N. Y.,Trustee
-1898, 14%; 1897, 16%; 1898, 18%; 1899. 1&%; 1900,
Dividends.
The gold bonds of 1893 are secured not only by mortgage, but also
20%; 1901, 20,%; 1902 and 1903, 22%: 1904, 1905 and 1906, 24%.
deposit of $1,000,000 stock of J. C. & Bergen RR., $161,625 stock by
of
ROAD.
-Has 30.11 miles of track.
Newark Plank Road Co., $6,000,000 stock Newark Passenger By. and $99,100 stock of Jersey City Harrison & Kearney Ry. Co.
• (6) Camden Gloucester & Woodbury Railway Co.
ROAD.
-Jan. 1 1907 there were in operation 190 miles of track, in• Leased to Public Service By. Co.
eluding:
• ORGANIZATION. Entire $600,000 stock is owned by the South Jersey
N. J. Traction Co
Stock owned1J. C. Har. & K. RR___Stock owned Gas, Electric &(traction Co. All bonds have been canceled.
ROAD.-ComprIses 25 miles of road.
Newark P
Passenger Ry_Stock owned Newark Plank Road _ -Stock owned
J. C. & Bergen RR_ _Stock owned South Orange 44 MaplePassaic 6: Newark El __Stock owned I wood Traction
Lease
NEW BEDFORD, MASS.
Stock, debts and mileage of the leased and controlled lines:
Stock.
Mites.
Funded debt.
DARTmotim & WESTPORT STREET RY.-An electric road.
New Jersey Traction Co
$500,000
None
-Stock, $262,500;
ORGANIZATION, &c.
Newark Passenger By
83
6,000,000
16.000.000 dated 1895, gold,c* ($1,000 each),55,A.0,issuedfirst mortgage, $150.0002
$90,000, due April 11915.
Rapid Transit Street Ry
12
504,000
500,000 Trustee, International Trust Co.. Boston, where interest is payable.
Jersey City & Bergen RR
413%
1,000,000
258,000
Jersey City Harrison & Kearney Ry_10
for several years.
DIVIDENDS.
-8%
*100,000
Newark Plank Road
-Connects cities of Fall River and New Bedford. Owns 18.06
ROAD.
4 4-5
162,000
Passaic & Newark Electric Tractlon_10
all 30.70 miles
1,000,000
-111);(3•56 miles of track and operates inelectric motors. of main track. 23 passenger
Port Richmond & Bergen Point Ferry ___ ' 4,000 shares
cars, 4 snow-plows and 170
South Orange & Maplewood Trac.._ 53%
-Fiscal year ending Sept. 30 1907: Gross, $209,581; net.
EARNINGS.
225,000
$75,028; interestland taxes. $19,367; dividends, $21,000; surplus, 534.661.
* On this $18,000 has been paid in.
OFFICERS.-Pres., H. H. Crapo of New Bedford; V.
-P., Thos. B.
Tripp; Treas., E. F. Nicholson, New Bedford; Sec., Robert S. Goff, Fall
(a) Jersey City & Bergen Railroad.
-V. 82, p. 691.
River; Supt., E. S. 'Wilde.
-Owns from Jersey City to Bergen Point, &c., total track, 41%
ROAD.
miles. Controlled by Consolidated Traction Co., all the stock being deNEW BEDFORD & ONSET STREET RY.-A trolley road.
posited as part security for the Traction Co. 1st mortgage.
-Incorporated in Massachusetts in 1901. This comORGANIZATION.
Date.
Interest. Outstanding. Maturity.
•STOCK AND BONDSpany is owned in the same Interest as the Union St. Rwy. Co. In June 1906
Stock
$1,000,000 f.p
43% J-J
1st mortgage ($1,000).___c*1 1873
258,000 Jan 1 1923 Issued $50,000 new stock in exchange for toe 1150,000 stock of the Tantonn
Buzzard's Bay Street Ry., which was a reorganization of the Middleboro
1Manhattan Trust Co., New York, Trustee.
55
..
V. 32, p. 143 5
Bonds.
-The bonds (originally 7s) matured Jan. 1 1903, but were ex- Wareham & Buzzard's flay Street By
tended as 4;is for 20 years from that date.
Interest. Outst8od
Outstanding.jan. l 92
2an po
STOCK AND BONDate.
Maturity
Stock,5550,000 ($100)
8. ,000
i0
---------(b) • Newark Passenger Railway. Electric.
5 g J-J
ORGANIZATION.
-Incorporated June 16 1890. On July 29 1893, First mortgage, 1500,000.1 1902
nt satk inter uationn d T otCo bj ctTne8 s
o. in I ng fn nd a al nr su , Bos o ,%7
gold ( ,000) . . _ . c*1
. . e
$1
.
leased to New Jersey Traction for 999 years, and so controlled by the ConNo
solidated Traction Co. of New Jersey, the N. J. Traction Co. having been
4 g A-0
150,000 Oct. 1 192/
leased to the Consol. Traction Co. of N. J. Jan. 2 1894 for 999 years. M. %V & B B first mortgage, 1901
3150,0o0 ($1,000) gold_ __cl Interest at Federal Trust Co 00
45,. Boston, Trus.
0,
Charter said to be perpetual.
Floating debt Sept. 30 1907_ - -- LEASE AND RENTAL.
-Rental under the lease. $105,000 yearly.
Bonds --The Middleboro Wareham 63-Buzzard's Bay bonds have no sinkSTOCK AND BONDSInterest. Outstanding. Maturity
Par.
Stock
$6,000,000 Own.byC.Tr ing fund, but are subject to call on or before Oct. 1 1906 at 110; thereafter
Text
$100
Newark Pass By 1st con11,000
8,000,000 July 1 1930 through Oct. 1 1911 at 107 ti , and thereafter before Oct. 1 1921 at 105, all
5 g J-J
with interest. See V. 73, p. 1313. Interest was formerly 5%,but on con1890, $6,000,000, gold_ .c*IN. J. Title Guar. & Trust Co., Trustee.
• The $6,000,000 stock is all deposited as security for the Consolidated solidation with New Bedford & Onset was reduced to 4 5.
Traction Co. first mortgage.
-Owns 44.119 miles of track between Fairhaven and Onset and
ROAD.
Interest on consol. 55 is payable at First National Bank, Jersey City. in Middleboro and to Buzzards Bay and to Monument Beach
36 passenger
The consoislare guaranteed., principal and Interest, by the Consolidated cars, 4 snow-plows, 3 miscellaneous and 104 electric motors.
Traction Co. or New Jersey,and in February 1895 the guaranty was stamped
-For year ending Sept. 30 1907, gross, $117,888; net,
EARNINGS.
on the bonds. V. 59. p. 969.
$45,224; Interest and taxes, $28,155; surplus, 317,06e.
-Jan. 1 1907 aggregated 83 miles of track.
ROAD.
-V. 81, p. 900.
OFFICERS.-Pres., H. H. Crapo; V.
-P., Thos, B. Tripp* Sec., Clarence
A. Cook; Treas., E. F. Nicholson; Supt., Geo. P. Dole.
-V.82, p. 1438.
(d) Rapid Transit Street Railway.
ORGANIZATION.
-In Feb. 1892 leased to Newark Passenger By., and
UNION STREET RAIL WAY -A troller road.
included with it in lease to New Jersey Traction, and so forms part of
Consolidated Traction system.
-Incorporated March 18 1887.
ORGANIZATION.




--.

Date.
Interest. Outstanding. Lost div...tc
STOCK AND BONDS$900,000 Feb'08,2%
Q-F
-Stock, $900,000 (par $100) 400,000 Jan. 2 1914
5 g J-J
Consol mtge for $500,000, gj 1894
not subject to call_ _c*lInt. at ()Id Colony Trust Co. Boston, Trust.
s f.
.
274,591
-1907
Notes payable on Sept. 30
- 1
-In 1896-97. 10%. In 1897-98,( %; 1898-99 to 1906-07. InDividends.
clusive, 8% per annum; in 1908, Feb., 2%,
-Owns 31.876 miles of track.
ROAD.
-For years ending Sept. 30:
EARNINGS.
1906.
1907.
1906. 1
1907.
Gross earnings_ _ _$467,858 $396093 Dividends paid_ _ _ $72,000 $72,000
165,736 126,845 Surplus for year__ 29,851 def.2,438
Net
57,2831
Interest, taxes. &c 63,885
OFFICERS.-Pres., H. H. Crapo; V.-P., 'rhos. 13. Tripp; Sec., C. A.
Cook; Treas., E. F. Nicholson; Supt., E. S. Wilde, all of New Bedford.
V. 63, P. 1061: V. 70, p. 947, 1050; V. 75, p. 1088.

NEW HAVEN, CONN.
-A trolley road.
CONSOLIDATED RAILWAY CO.
This company, the whole of whose $10,000,000 stock was owned by the
New York New Haven & Hartford Railroad Co., was on May 31 1907
(after it had previously taken over the New England •Navigation Co.at a
valuation of $20.000,000 and increased its stock to $30,000,000 for the
purpose) consolidated with and merged into the New York New Haven &
Hartford RR. The charter of the New Haven Co. had been amended by
Act of the Connecticut Legislature, approved March 26 1907,so as to permit
the merger, and new stock of the New Haven Co. was issued, share for
share, to represent the $30,000,000 stock of the Consolidated RallwayCo.;
V. 84, p. 1052, 1308. It was distinctly provided that the rights, powers
and franchises of both companies should be vested in the enlarged company.
The New York New Haven & Hartford's interests in trolley lines are very
extensive, and control of the same is held through three organizations,
the Connecticut lines having been comprised in the Consolidated Railway
Co., now merged in the New Haven, the Massachusetts street railway
properties being held by the New England Investment & Security Co.. and
the Rhode Island lines by the Providence Securities Co.
-The lines comprising the Consolidated fly. are
Operating Company.
being operated since June 1 1907 by the Connecticut Co., the New Haven's
operating electric company.
-The Consolidated Railway Co. was incorporated in
ORGANIZATION.
Connecticut on Aug. 31 1901 as the Thompson Tramway Co., but name
changed on Jan. 24 1902 to Worcester & Connecticut Eastern RR. and then
changed on May 18 1904 to Consolidated Railway Co.
The following companies have been absorbed or are leased or controlled:
Bennington & Hoosick Valley fly. New Haven St. Ry. V. 79, p. 989.
New Haven & Centreville Street Ry.
V. 84, p. 101.
V. 78, p. 989.
Bennington & North Adams St. Ry.
New Hay. & W. Haven Horse RR.
V.84. p. 1181.
Branford Lighting & Water Co. V. New London Street Ry. V.79, p.268.
New Milford Power Co. V.83,p.1524.
81, p. 155, 210.
Columbian Street fly. V.85, p.1290 N. Y. & Stamford Ry. V.80, p. 118.
Connecticut Railway & Lighting Co. Norwich Street Ry. V.79, p. 268
People's Tramway Co.
V. 83, p. 1524.
Danielson & Norwich Street Ry. V. Providence Securities Co. V. 83.
p. 1525.
79. p. 268.
E. Hartford & Glastonbury St. Ry. Putnam h Thompson Streetilly.
Fair Hav.& Westv RR. V 78.p. 989. Stafford Springs Street Ry.
Greenwich Tram. Co. V. 40, p. 118. Stamford Street Ry.
Hart.Man.&Rockv.T.Co. V.82,p.280. Suffield Street Ry. V. 80, p. 1914.
Toning. do Win. St. Ry. V.82,p.1437
Hartford & Middletown Street Ry.
V. 85, p. 1463.
Hartford Street Ry.
Housatonic Power Co. V.83, p. 1524. Trolley Express Co.
Meriden Electric Ry. V. 79, p. 268. Village Water Co. V.80, p. 1914.
Webster & Dudley Street Ry.
Meriden Horse RR. V.79, p. 268.
Meriden Southington & Compounce Wallingford Tramway Co.
West Shore Ry. Co. V. 78, p. 989.
Tramway Co. V.83, p. 1524.
Middletown Street Ry. V.79, p.268. Willimantic Trac, Co. V.81, p. 1176.
Montville Street Ry. V. 79. p. 288. Winchester Ave. Ry. V. 78. P. 989
New England Investment & Security Woonsocket St. Ry. V. 83, p. 1290.
Worcester & Connecticut,EasternRR
Co. V. 83, p. 492, 1100.
V. 79, p. 268.
New England Navigation Co. V.84,
Worcester & Webster Street Ry.
p. 1052.
Formerly also owned several trolley roads in Massachusetts, but in 1906
these were turned over to the New England Investment & Security Co.,
except the Worcester & Webster and the Webster & Dudley, which are
leased to the Consolidated Ry. by virtue of an Act of the Legislature of 1901.
V. 83, p. 492. In 1907 acquired throughspurchase theiNew England Navigation Co. V.84, p. 1052.
The N. Y. N. H. & H. RR. offered to exchange $100 of its stock for $200
of certain issues of this company's debentures. See V. 82. p. 803. and
V. 83, p. 1037. 317,347,000 of debentures have been so exchanged for
$8,673,500 N. Y. N H. & H. RR.stock. Sec V.84, p. 1114. The following shows the details for each Issue of debentures:
•
Debentures of The Consolidated Railway Company.
Exchanged Still Out,
for Stock. Exchange'ble
Issued.
Authorized.
Issue646,000 a$4,354,000
July 1 '04. 50-yr., 4g J-J_ $5,000,000 $5,000,000
1,650,000 a2,350,000
Jan. 2 '05, 50-yr., 4gJ-J _ 4,000,000 4,000,000
2,159,000 a1,341,000
Ap. 1 '05, 50-yr., 4g A-0. 3.500.000 •3,500,000
Jan. 1 '06, 50-yr.. 4g J-J. 10,000,000 *10,000,000 7,892,000 a2,108,000
5,000,000
5,000,000
Mch. 1 '07,10-yr.,5 %,con_ 15,000,000
Total exchangeable ___$37,500,000 $27,500,000 $17,347,000 $10,153,000
Feb. 1 1905. 25-yr., 3.334
1,000,000
1,000.000 Not exchangele for stock
and 4 g F-A
Total of all

$38,500,000 $27,500,000 $17,347,000 $11,153,000

* Guaranteed. principal and Interest, by N. Y. N. H. & H. RR.
a These amounts cannot be increased, as remainder of issues has been
canceled.
The debentures are In coupon form of $1,000 each and fully registered
debentures of $10,000 each, which are non-interchangeable. Interest may
be collected in New York City and Boston.
Outstanding. Maturity
Date.
Interest.
BONDS$283,000 Sept. 1 1933
5 g M-S
N H & Centerville first mtge) 1893
gold, assumed by F H & \VI
Haven Street RR.
New
600,000 Sept. 1 1913
5 g M'S
First mtge gold, $600,0001 1893
_c*f int. at Amer. Tr. Co., Boston , Tr., or N.Y.
($5))0 and 51,000)
5 J-D
250,000 June 1 1914
M $250,000 gf 1894
First purchase
($1.000) not subj to call_ _clInt. at American Tr. Co., Boston, Trustee.
500,000 Nov. 1 1912
Winchester Avenue first mort-1 1892 5 g M-N
c*Hnterest at Boston Safe Dep. & Tr, Co., Bosgage, gold
ton, Trustee, or New York.
5 J-J
30,000 July 1 1914
West Shore Ry first mortgage1 1894
$30,000, gold, subj to cal _ Int. at Merchants' Nat. Bank. New Haven.
5 g J-D
150,000 Dec. 1 1919
Worcester 6: Webster 1st M 1809
$150,000 ($1,000), gold_c* Int. at International Tr. Co., Boston, Trust.
30,000 Nov. 1 1919
5 M-N
Webster & Dudley mortgage.. 1899
2,500,000 Sept 1 1930
4 g M-S
Hartford St. Ry,now 1st mtgl 1900
$3,000,000 ($1,000) g___c*}Conn. Tr. Fe Safe Dep. Co., Hartford, Trustee. Interest at New York or Boston.
165,000 Jan. 1 1930
4 J-J 15
Hartford St Ry deben "M"...... 1900
6
;
145,000 Jan. 1 1930
4 , J-J 15
Hartford St fly deben "N"___ 1900
434 g J-J
1,992,000 Jan. 1 1943
Wore ec Conn East 1st Ms f gi 1902
$3,100,000 ($1,000) __ __c*lInterest at New York Trust Co., Trustee.
200,000 Oct. I 1924
5 A-0
Hart Man & Rock first mtgel 1894
$300,000 ($1,000) gold_ _ __ f
85,000 Oct. 1 1911
5 A-0
Meriden Horse RR first mtgl 1891
Interest at First National Bank, Meriden.
$100,000 ($1,000)
415,000 Jan. 1 1924
5 g J-J
Meriden Horse Railroad con- 1894
sot. mort., gold, $500,000_ _{ Interest at Girard Trust Co. of Philadelphia
State Treasurer of Connecticut, Trustee.
1
160,000 July 1 1913
5 J-J
Woonsocket St Ry first mtge,1893
each) _ Int. at Rhode Isl. Hospital Tr. Co., Prov.,Tr.
$200,000 ($1,000
254,000 Jan. 1 1925
5 g J-J
Prov de Bur RR first mtge 1905
$750.000, gold ($1,000) __c Int. at Rhode Isl, Hospital Tr. Co., Prov.,Tr.
175,000 July I 1928
5 g J-J
Mer South & Comp 1st M g,1 1898
'Optional at 110 and interest.
$200,000 ($1,000) c*, callInterest at Trust Co. of America, New York.
able at 110 since 1903




67

STREET RAILWAYS.

FEB., 1908.]

Interest. Outstanding. Maturity.
Date.
BONDSJ5 J-J
$4.666 Jan. 1 1928
Ben & H V first mtge 12504 1897
000 g ($500 & $1,000) _ _ __cl Int. at International Trust Co., Boston. Trus.
150,000 Oct.2 1923
5 g A-0
New London Street fly firstf 1893
'Interest at American Trust Co.. Boston.
mtge, $150,000. gold
150,000 Dec. 1 1917
5 g J-D
Torr & Win first mortgage,' 1897
c*1Int. at Huriburt Nat. Bank, Winsted, Conn.
$150,000, gold
350,000 Oct. 2 1923
5 g A-0
rw
Noich Street Ry first mtge 1893
$350,000 ($1,000), gold_ _ _ Interest at American Trust Co., Boston.
250,000 May 1 1920
5 g M-N
Montville Street Fly first mtgel 1900
$350,000 (11,000), gold }Interest at American Trust Co., Boston.
(cannot be called)
cJ
450,000 Oct. 1 1931
5 g A-0
N Y & Stam first mtge,$4504 1901
000 ($1.000) gold
.c*1 Int. at New York Trust Co., N. Y., Trustee.
320,000 July 1 1931
Greenwich Tramway firstl 1901
5 g J-J
gage, $400,000 ($1,000),}Interest at New I' Trust Co., New York.
gold
c*1 State Treasurer of Connecticut, Trustee.
150,000 Dec. 1 1914
Midd Horse RR 1st g ($500)_ _ 1894
5 J-D
30,000 Nov. 1 1916
Portland St Fly first mortgage_ 1896
5 M-N
63,000 Oct. 1 1937
Branford Electric Co first M___ 1897
5 g A-0
307,000 Aug. 1 1951
Branford Ltg & W lst.con NI.. 1901
5 g F-A
New Milford Power Co 1st M_
5 F-A
1,000,000 Aug. 1 1932
5
200,000 July 1 1956
_
Stafford Springs St Hy 1st M g _
-The Consolidated Ry. debentures are not subject to call. All
Bonds.
the debentures have printed on their face the statement that if a mortgage
is made on any or all of the company's property which was owned on Jan. 1
1905, except to renew existing mortgages, the debentures shall participate
in the security of such mortgage. The debentures due in 1930 bear 3%
interest from Feb. 1 1905 for first 5 years, 334 % for next 5 years,and 4% for
following 15 years, and were issued to pay for acquiring the Berkshire Street
Ry.(V. 80. p. 471),which company was subsequently acquired by the New
$3,500,000 deEngland investment & Security Co. which see below. 's
bentures due April 1 1955 were Issued to acquire the Hartford Street Ry.
The $10,000,000 debentures of Jan. 1906 were Issued to the N. Y. N. H. &
Hartford for advances.
The Winchester Avenue 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. Of the Worcester
& Connecticut Eastern bonds, no more will be issued. A sinking fund on
these bonds commences in 1908 of not to exceed 1 % of bonds outstanding.
Bonds can not be called, but may be bought on a 3 % basis or better, and
kept alive for sinking fund. See V. 75, p. 1204. On Woonsocket St. Ry.
bonds a sink,fund of $5,000 per ann. began July 1 1898. Of the Montville St.
Ry. 1st mtge. gold bonds,the balance unissued can only be issued for 66% of
actual certified cost of improvements or additions to property. Original
mortgage of the Montville Street Ry. provided that bonds might be called
in 1905 at 105, but through a supplemental mortgage this redemption clause
was eliminated, so bonds are not now subject to call. On the Worcester &
Webster bonds $3,000 is payable annually into a sinking fund. These
bonds cannot be called before maturity.
-For the 11 months ending May 31 1907, before consolidaREPORT.
tion with New York New Haven h Hartford:
$5,323,854 Total income
$2,885,272
Gross earnings
3,397,518 Fixed charges
•2,696,906
Operating expenses
Net earnings
Other Income

$1,926,336
958,936

Surplus

$188,366

.
*Including $160,701 guar N. E. I. & S. Co.
Fare passengers carried numbered 100,480 ,951.
-Operates lines serving the following cities and towns: Cities of
ROAD.
New Haven, Hartford, Bridgeport, Waterbury, New Britain, Meriden,
New London, Norwich, Middletown, Stamford, South Norwalk. Rockville,
Derby. Ansonia, and the towns of East Haven, Branford, North Haven.
Wallingford, Hamden, Orange. Southington, Plainville, Putnam, Thompson, Killingly, Plainfield, Waterford, Montville, Norwich, Lisbon, Sprague,
Portland. Wethersfield, West Hartford, Farmington, Bloomfield, Windsor,
East Hartford, South Windsor, Manchester, Enfield, Glastonbury, Suffield,
Greenwich, Stratford, Milford Huntington, Fairfield, Westport, Norwalk,
Darien, Naugatuck, Torrington, Winchester, Beacon Fails, Seymour.
Cheshire, Newington and Berlin, Connecticut; and the towns of Rye,
Port Chester, Harrison, Mamaroneck and New Rochelle, New York. Total
operated, 640 miles, of which 411 miles owned and 229 miles leased. Cars
owned June 30 1907, 1,231; leased, 460; total, 1,691.
OFFICERS.-Pres., C. S. Mellen; Vice-Prests., Calvert Townley, H. M.
Kochersperger, E. H. McHenry; Sec., J. G. Parker; Treas., A. S. May;
Asst. Treas., T. F. Paradise; Auditor, C. L. Campbell. New Haven; Gen.
Mgr., J. K. Punderford.-V. 84, p. 102, 507, 995, 1052, 1113, 1242, 1367,
1425.
(1) Connecticut Railway & Lighting Co.
-Leased for 999 years from Aug. 1 1906 to the Consolidated Hy
Lease.
Co.. which latter has since been merged in the N. Y. N. H. & H. RR. Co
Rental amounts to $975,000 for the year 1906-07 and increases gradually
to $1,400,000 for the year 1914-15 and for every year thereafter. The coramon shareholders agreed to pay the Colonial Tr. Co., trustee. $10 per share
on their stock, which, with the surplus rental received under the leaae,serves
to provide a fund which,it is announced, is sufficient to pay 4% per annum
on both corn. and pref. shares. Pref. shareholders agreed to accept 4%
dividends during the term of the lease, Instead of 5%. V.84. p 507.
-United Gas Improvement Co. of Philadelphia
ORGANIZATION.
holds controlling interest. Originally chartered in Connecticut March 2
Charter amended and name changed March!
1895 as the Gas Supply Co
1899 to Connecticut Lighting & Power Co., for the purposc of uniting
various street railway and light and power properties in Connecticut. Name
changed as at Present on Jan. 10 1901. V. 7I, p. 1269; V. 72, p. 44. It
,
is a consolidation of thil following companies, whose franchise. are .11 d Li
be perpetual:
Norwalk & So. Norwalk El. Light Co.
Bridgeport Traction Co.
Norwalk Street Railway Co.
Central R.& El. Co. of New Brit.
Norwalk Tramway Co.
Derby Street Railway Co.
Shelton Street Railway Co.
Greenwich Gas & Electric Ltg. Co.
Southingt'n & Plantsville Tramway.
Milford Street Railway Co.
Waterbury Traction Co.
Naugatuck Electric Light Co.
Westport & Saugatuck Street Ry.Co.
Norwalk Gas Light Co.
In 1904 purchased the Roton Point Improvement Co. and the Cheshire
Street Ry. See V.79, p. 2696. Neither of these companies had any bonds
outstanding. Controls Naugatuck Valley Electric Railway Co.
Interest. 01Itstanding. Maturity.
STOCK AND BONDS.- Date.
18,977,200
See text
Common stock ($100)
Pref 5% cum after Jan 1 1904)
Q-F 15 8,142,900 Fcb.15,'08,1 %
(1100) (reduced to 4% under lease to New Hay. Co.))
12,491,378 Jan 1 1951
,
1st & ref $15,000,000 gold 1901 434 g J-J
(51.000) sinking fund_ _..c*JInt. at Trust Co. of Amer.. N. Y., Trustee.
706,000 July 1 1923
5 g J-J
Bridgeport Traction mort- f 1893
eel Trustee, Fidelity Tr. Co . Newark. N. J
gage gold ($1,000)
lInterest at Redmond & Co.. New York.
59,700 April 1 1914
6 A-0
Derby Street Railway mort-1 1894
gage
5 Redeemable after April 2 1904.
209,000 Jan 1 1939
5 J-J
Connecticut Lighting & Power 1899
-$974.700 of bonds are reserved to retire the prior bonds still out.
Bonds.
The remaining $1.533,922 was reserved for extensions or betterments, but
under lease to the New Haven road cannot be issued for any purpose without
consent of lessee. V.84, p. 507. Statement to New York Stock Exchange
In V. 73. p. 852: also V. 79. p. 2745; also V. 85, p. 921. Listed on the New
York Stock Exchange and also on Philadelphia Stock Exchange.
Bonds were formerly not subject to call, but on June 23 1904 a supplemental mortgage was made giving the right to call bonds on any interest
date at 105 and interest, and establishing a sinking fund of 3. of 1 % per annum on bonds outstanding; bonds acquired by the sinking fund are to be
kept alive and bear Interest. Bondholders assenting to the supplemental
mortgage had their Interest gttaranteed by the United Gas Improvement
Co. by endorsement. See V. 79, p. 626, for form of guaranty. Offer expired Oct. 1 1904 and was accepted by $10,782,000 of outstanding bonds.
See V. 83, p. 969.
Dimdends.-Preferred stock was issued in satisfaction of unpaid accumulations of dividends on preferred shares to Aug. 1 1906. Dividends since
on pref. stock have been 1 % each quarter. On corn., stockholders who accepted plan described above (under Lease) were paid 1% Nov. 1 1907, also
1 % Feb. 15 1908. Non-assenting stockholders received a dividend of
15 cents Nov. 1 1907 and 15 cents Feb. 15 1908.
ROAD.-Therallways embraced comprise 193.48 miles of track, reaching
Milford. Bridgeport, Stratford, Southport, Shelton, Derby. Ansonia. Seymour. Westport. Saugatuck. Norwalk, South Norwalk. Darien and Stamford; also lines In Naugatuck, Waterbury, &c. System connects with the

67%

STREET RAILWAYS.

Fair Haven & Westville Railroad into New Haven from Bridgeport and
Derby, and company also has a traffic contract with the Hartford Street
Ry. for reaching Hartford. Gauge,4 feet 834 inches. 56 to 90-lb. rails.
-Total cars, 474; closed passenger, 199; open passenger,
• EQUIPMENT.
201; miscellaneous, 74. Car barns, 20; also 4 complete electric light
plants; also owns gas plant at Norwalk and operates gas plant at Waterbury
-For year endirto; June 30 1906, gross income, $2.499,314;
REPORT.
net, $1,098,392; taxes and charges. $711,441;surplus. $386.951.
-Ps., Randal Morgan and H. G.
• OFFICERS.-Pres., A. M. Young; V.
Runkle; Sec., W. H. Marshall; Treas., Lewis Lillie. Main office, Bridge-V.81,p. 264, 1099; V. 82,p. 1437; V.83, p. 818, 969, 1098,
port. Conn.
1523; V.84. p. 390,507, 1113, 1366; V. 85, p.921; V. 86, p. 228.
NEW ENOLAND INVESTMENT & SECURITY CO.
ORGANIZATION.
-Is a voluntary association and was organized on
June 25 1906 to take over the street railway properties in Massachusetts
formerly controlled by the Consolidated Railway Co. This action was
taken because public sentiment in Massachusetts appeared to be hostile to
the holding of stock of street railways by steam railroads. V. 83, p. 492.
SECURITIES OWNED.
-The following is a list of securities held by the
New England Inv. & Security Co. (see V. 83, p. 1100).
Worcester & Southbridge Street Ry.-Entire ($750,000) capital stock.
Worcester & Blackstone Valley St. Ry.-Entire ($200,000) capital stock.
Uxbridge & Blackstone St. Ry.-Entire ($120,000) capital stock.
Milford Attleboro ec Woonsocket St. Ry.-5315,000 capital stock.
Worcester Rys. eG Investment Co.
-88,078 shares of stock out of a total
of 76,166 shares.
Springfield Ralismy Cos.
-50,000 shares (entire issue) of common stock.
Springfield Street Ry.-$306,600 capital stock.
Berkshire Street Ry.-$1,628,600 out of a total of $1,648,100 capital stk.
Western Massachusetts Street Ry.-$300,000 (entire issue) of capital stk.
Hartford & Worcester Street Ry.-Stock rights in 2,999 shares of stock.
Springfield & Eastern St. Ry. Co.
-A majority of the $370,000 stock issue
Central Massachusetts Elec. Co.
-A majority of the $150,000 stock issue.
-560.000 of capital stock.
New York New Haven & Hartford RR.
Interest. Outstanding. Stock Div.
STOCK AND BONDSDate.
$100,000
Common, $10,000,000
Pref.,4 %,$10,000,000($100)1
4,000,000 Jan '082%
See text.
J-J
J _-_Stock.
-Dividends of 4 70 per annum on the pref. stock are cumulative
and are guraanteed by the Consolidated Ry. Co. (now merged in the New
York New Haven ea Hartford RR.). and also $105 per share in case of
liquidation. V. 83, p. 492. See form of guaranty in V. 83, 1102. This
stock may be called as an entirety at any time at 105 and accumulated
dividends.
-V.83, p. 1102, 1474; V. 84, p. 570, 996, 1052, 1428; V. 85, p.
864.
-A holding company.
(1) Springfield Railway Cos.
-Formed in March 1905 to hold a majority of the
ORGANIZATION.
stock of the Springfield Street Ry. Is managed by a board of trustees
consisting of seven members. V. 80, p. 1363. In July 1906 purchased a
majority of the shares of the Woronoco Street Ry,
Interest. Outstanding. Last Div.
Date.
STOCK AND BONDSAll owned by New Eng. Inv. & Sec. Co.
Common _
4 J-J
$3.387,950 Jan'08. 2%
Pref. 4%. cum., guar. ($100)- ---.Stock.
-The pref. stock is redeemable on or after Jan. 1 1906 at 105 and
accrued dividends. These dividends are guaranteed by Consolidated Ry.,
as well as their payment at 105 in case of liquidation or call. See V. 80, p.
1363. 1914.
(a) Springfield Street Ry.-A trolley road.
-Incorporated March 5 1868. In Oct. 1905 leased
ORGANIZATION.
the Springfield & Eastern St. Ry. for 25 years at 4% on the stock. V. 81,
p. 1175, 1316. Mass. RR. Commissioners in March 1907 approved the issue
of 5300,000 additional stock at 170, raising total stock to $2,258.100_
Interest. Outstanding. Maturity
Date.
STOCK AND BONDSText.
_
$2,258,100
Text.
Stock, $2,258,100 ($100)____
4 g A-0
1,500,000 Apr. 1 1923
New 1st M.. $1,500,0001 1903
c*JSpringfield Safe Dep. & Trust Co.. Trustee,
gold ($1,000)
502.510 M
Notes payable June 30 1907
-In years 1893 to 1907 inclusive 8% per annum.
DIVIDENDS.
-Owns 92.457 miles (inc. 23.196 miles of 2d track) of main track
ROAD.
and 7.071 miles of sidings. Total 99.528. This does not Include the mileage of the Springfield & Eastern.
-For years ending Sept. 30 earnings (including earnings of
EARNINGS.
the Springfield & Eastern):
1906-07. 1905-06.
1906-07. 1905-06.
Gross earnings_ _1 ,306,728 1 229,028 Dividends paid
168,660 156,672
(8%)
394,929 353,156
Net
4,969 def.10,292
206,776 Balance for year
221,300
Taxes, &c
Interest
-V.77, p. 629; V. 80, p. 1236, 1363, 1914; V. 81, p. 1175; V. 84, p. 627;
V. 85. p. 1271.
-Trolley.
(b) Springfield & Eastern Street R y.
-In Oct. 1005 was leased to the Springfield St. fly.
ORGANIZATION.
for 25 years at 4% on stock. V. 81, p. 1175, 1316. This company was
formerly the Palmer & Monson St. Ry., but In May 1901 name was changed
as above. In July 1907 the Massachusetts Railroad Commission authorized
the company to Issue $530,000 new stock. V. 85, p. 223. Included in
outstanding total below.
Date.
Interest. Outstanding. Maturi1y.
STOCK & BONDS$900,ono See text.
Stock,5900,000 ($100)5 g J-J
330,000 Jan. 1 1922
mortgage, $500,000,1 1902
1st
c*jInt. at Hampden Tr. Co., Springfield, Trus.
gold ($1,000)
93.525
Current liabilities Sept. 301007
-Remainder unissued is reserved for.50 p. c. of the cost of imBonds.
provements and extensions. Are subject to call after Jan. 1 1907 at 110;
after Jan. 1 1912 at 107g. and after Jan. 1 1917 at 105.
-Fifteen miles from Monson through Palmer to Ware and 5
ROAD.
miles from Palmer to Bondsville and Three Rivers; also an extension of 934
miles from Palmer to Ludlow; an extension from Monson to Fiskdale, about
12 miles, was completed in 1907; Itotal, including sidings, 42.815 miles
-V.81, p. 1175, 1316, 1494; V. 85, p. 42, 223, 655.
(c) Western Massachusetts Street Ry.-A trolley road.
-Incorporated in Massachusetts. Purchase of WoroORGANIZATION.
noco Street Ry. and issue of $250,000 additional stock for that purpose
approved by Massachusetts RR. Commission April 1907. V. 84, p. 1054.
Stock now $550.000.
Interest. Outstanding. Maturity.
STOCK AND BONDS.- Date.
$550,000
Stock $550,000
5 g F-A
200,000 Feb 1 1926
1st mortgage $1,000,000 gold 1906
Int. at Springf'd S. D ec Tr. Co., Trustee.
'($1,000)
5 g J-J
75,000 Jan. 1 1920
Woronoco Street Ry first 1900
mortgage gold ($1,000) _ Springfield Safe Dep. & Trust Co., Trustee.
160,186
Current liabilities Sept 30 1907
-Are subject to call as a whole, but not in part, on or after Jan. 1
Bonds.
1916 at 108 and interest on 6 months' notice.
ROAD.
-Operates 12 miles of track from Westfield, where it connects
with the Woronoco Street By., to Huntington. The Woronoco operated
17 miles of track from Westfield to Holyoke and West Springfield, Total,
29 miles of track. 70-1b. T-rail. An extension from Huntington to Lee
is proposed,to connect with the Berkshire Street Ry.-V.82, p. 1324; V.84,
p. 160, 1054.
(2) Berkshire Street Ry.-A trolley road.
-Incorporated in Massachusetts on June 20 1901.
ORGANIZATION.
Franchise perpetual. In 1906 absorbed the Hoosac Valley Street Ry.
through exchange of stock. Received authority to issue $250,000 more
stock at par in April 1907, increasing total to $1,648,100.
Interest. Outstanding. Maturity.
STOCK AND BONDS.- Date.
51,648,100
Stock, $1,648,100 ($100)
.
806 s000040p nuue
015
0
1st mortgage 5800,000 goldl 1902
5 g J-D
1 1111)9 5
12
j3
($1,000)
c*J Girard Trust Co. Philadelphia, Trustee.
Berkshire Street Ry deb
1905
5g
Hoosac Valley 1st mtge
5 .J-J
I 1897
Trustee.
lint. at New Eng. Tr.
Hoosac Valley ref mtge $400,-1 1904
pt
4 g M-S
000 gold ($1,000)
lint, at Berkshire L. & Tr. Co., Pittsf., Trus.
Current liabilities Sept 30 1907
321,222
-The Berkshire Street fly. bonds of 1902 are not subject to call.
Bonds.
Interest is payable-and bonds may be registered at office of N. W. Harris
& Co., Boston.
EARNINGS.
-For fiscal year ending Sept. 30 1907: Gross, $405,137.
net, $110,871; interest and taxes, $112,464: deficit, $1,503.
-Operates from Pittsfield through Cheshire to Great Barrington,
ROAD.
42.234 miles; 11.66 miles on private right of way; 70-1b. T-rall, Also 26
miles from North Adams to Pittsfield, 6 miles from Adams to North Adams




IVOL. Lxxxvi.

and 2 X miles from Williamstown to Vermont State line. Total, about 71
miles of track. An extension from Great Barrington to the Connecticut
State line has been proposed; also a connection with the tracks of the
Western Massachusetts Street Ry. V.84, p. 995.
(3) Central Massachusetts Electric Co.
ORGANIZATION.
-In 1907 the New England Investment Co. acquired
a majority of the stock.
Date.
STOCK AND BONDSInterest. Outstanding. Maturity.
Stock
$150,000
First mortgage,$150,000 gold 1894
6 g F-A
150,000 Feb 1 1024
c Int. at International Tr. Co., Boston, Trust.
($1,000 and $500)
Coupon notes, $60,000($1,000I1904
5 g M-N
60,000 May 1 1924
c Interest at Essex Trust Co., Lynn, Trustee.
and $500) gold
-First mortgage bonds have a sinking fund of $2,500 annually.
Bonds.
commencing Feb. 1 1004: Cannot be called. The coupon notes can be
called on any interest day after May 1 1909 at 103. Sinking fund of
$2,000 to $3,000 annual'y, beginning 1909.
(4) Worcester & Blackstone Valley Street R Y.
-A trolley road.
ORGANIZATION.
-Owns 16.36 miles of trolley. Opened Aug.141807.
Road located in Worcester, Millbury, Sutton, Grafton and Northbridge.
$200,000 ($100), all outstanding; bonds, $200,000. Current
Capital stock,
liabilities Sept. 30 1907, 560,641. The extension from Millbury to Worcester. a distance of 6 miles, was finished in Oct. 1901, thus completing the line
from Worcester to Whitinsville, a total of 16.36 miles.
DIVIDENDS.
-In uly 1899, 4%; 1900, July, 4%; none since.
-For ear ending Sept. 30 1907, gross, $85,348; net, $34,EARNINGS.
705; charges, $15,686; surplus, $19,019.
(6) Uxbridge & Blackstone Street Ry.
Interest. Outstanding. Maturity.
STOCK AND BONDS.- Date.
Stock
5120,000 In 1007, 2%
5 F-A
1st mtge $80,000 ($1,000)__c1 1903
80,000 Feb 2 1923
JInt. at Mercantile Trust Co., Boston, Trust
Current liabilities Sept 30 1907
45,403
EARNINGS.
-For year ending Sept. 30 2007, kross, 529,692; net, 511,623; charges, $9,199; dividends (2%), $1,620; surplus, $804.
ROAD.
-Operates 9.89 miles of track connecting Whitinsville, Uxbridge
and MIliville. V. 84, p. 1429; V. 85, p. 223.
(6) Worcester & Southbridge Street Ry.-A trolley road.
Is a consolidation of the Worcester & Southbridge St. Ry., the Worcester
Rockdale & Charlton Depot St. Ry. and the Southbridge & Sturbridge St.
By. V. 77, p. 512, 770, 1228.
Interest.
Outstanding. Maturity.
STOCK AND BONDS.-- Date.
$750,000
Stock $750,000 ($100) 500,000 Sept 1 1922
Wor & South 1st mtge (See) 1002 434 g M-3
c*JInt. at Internat. Turst Co. Boston, Trustee.
text) gold (51,000)
200%000 June 1 1925
Wor & South mtge (See text)-- 1905 4 X g J-D
172,272
Current liabilities Sept 30 1907
-The two issues of bonds of the Worcester & Southbridge St. By,
Bonds.
are secured by the same mortgage, the mortgage providing that bonds can
be issued up to $1,000,000, and are to bear date of issue and be payable
20 years after date.
-Operates about 30.71 miles of road; 70-1b. T-rall.
ROAD.
-For year ending Sept. 30 1907: Gross, $220,019; net,
EARNINGS.
$105,336; charges, $61,387; surplus, $43,049.
(7) Worcester Railways & Investment Co.
In 1906 control was acquired by the New England Inv. & Security Co.
Minority shareholders were offered the right in Oct. 1906 of exchanging
their stock for pref. stock of the New England Co. See V.83, p. 1100.
This is a voluntary association formed in 1901 and owns the entire capital
stock (except only enough shares to qualify directors) of the Worcester
Consolidated Street Ry.Co.and of certain other Massachusetts corporations
which are engaged in enterprises closely Identified with that of street railway
transportation.
The holdings comprise 35,489 shares Worcester Consolidated St. Ry.
stock; 6,500 shares Electric Manufacturing Co.; 1,000 shares of Quinsigamond Park Co.; 28 shares of Worcester & Shrewsbury RR.; 1,600 shares
of Marlboro do Westboro Street By. and $80,600 demand notes of that company,and $14,700 (par value) of notes of Leominster & Clinton Street Ry.
STOCK.
-Outstanding, 78,166 shares of beneficial interest, of which
68,078 shares have been exchanged for the 4% preferred stock of the New
England Inv. ec Sec. Co. Deed of trust provides that all shares shall be
non-assessable, that there shall be no personal liability of the shareholders,
that no pledge or mortgage of the securities held shall be made without the
consent of two-thirds of the shares, and that no additional shares shall be
non-assessable, that there shall be no personal liability of the shareholders.
that no pledge or mortgage of the securities held shall be made without the
consent of two-thirds 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; in 1903, Feb., $2 25; Aug., $2 25. In 1904, Feb., 52 25; Aug., 52 25.
In 1905, Feb., $2 (see V. 80, p. 224); Aug., $2; Nov., $1 (V. 81, p. 1243.)
In 1906, May,$2; Nov., $2, In 1907, May. 52.
EARNINGS.
-For calendar year 1006, gross income, $283,318; expenses,
$4,692; dividends, $287,592; deficit. $8,966.-V. 82, p. 102, 336, 630, 871:
V.83, p. 1100; V.84, p. 627
(a) Worcester Consolidated Street Ry.-Trolley.
This company, which was incorporated in 1869, absorbed by consolidation March 1 1901 the Leominster & Clinton, the Fitchburg & Suburban
Street Ry., the Clinton & Hudson Street Ry., the Worcester & Clinton St.
Ry.,the Worcester & Marlboro and the Worcester & Suburban. Franchises
perpetual. In 1895 leased for 99 years the North End St. Ry.,of 5.13 miles,
at a yearly rental of $8,000. The North End has $110,000 ($100) capital
stock and $75,000 5% 1st mtge. bonds, due Feb. 1 1915; interest F. & A.
All the stock of the Worcester Consolidated St. By. has been acquired
by the Worcester Rys. Fe Inv. Co.
On Oct. 9 1907 Massachusetts Railroad Commission approved an issue of
$1,000,000 debenture bonds for taking up floating debt and for additions
and Improvements. V. 85, p. 922. In Dec. 1907 Mass. RR. Commission
also sanctioned an additional issue of $200,000 5% 10 to 20 year bonds.
V. 85, p. 1520.
Petitioned Mass. RR, Comm. Dec. 1907 asking sanction of sale of new
stock. V. 85. p. 1647.
Interest. Outstanding. Maturity.
STOCK AND BONDS.- Date.
$3,550,000 In '06,5 %
Stock $4,050,000 ($100)
700,000 Mch 1 1920
Wor con deb gold $840,000_ 1000 4
g hf-S
69,500 On demand
Real estate mortgages
5
_
200,000 Oct 1 1917
Wor & Marl 1st mtge 5200,- 1897
5 g A-0
000 gold
American Trust Co., Boston, Trustee.
160,000 July 1 1921
Marlboro & West mtge $160,- 1901
5 g J-J
000 gold ($1,000)
c* Int. at Amer. Trust Co., Boston, Trustee.
45,000 April 1 1912
15-year coupon notes
6 A-0
1897
115,000 Jan 1 1919
Worcester & Clinton 1st mtgel 1899
5 g J-J
gold ($1,000)
'Amer. Trust Co., Boston, Trustee.
2,415,114
Floating debt Sept. 301007 __
Bonds.
-The Marlb. & West. bonds are subject to call after 5 years at
105.
ROAD.
-Operates about 164 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, Millbury. Leicester and Spencer.
EARNINGS.
-For year ending Sept. 30 1907: Gross, $1 ,641 :264; net,
$558,187; charges, $362,154; dividends, $105,250; surplus, $783.-V. 85,
p. 922, 1340, 1520, 1647.
PROVIDENCE SECURITIES COMPANY.
ORGANIZATION.
-Chartered in Connecticut March 14 1883 under the
name of the New England Loan & Trust Co. Name changed to the Providence Securities Co. Jan. 11 1907. On Aug. 27 1007 the Rhode Island
Securities Co., all of whose assets had been purchased by this co., was dissolved. V. 85, p. 349, 1344. These assets included all the stock of the
Rhode Island Co. Entire stock of Providence Securities Co. Is owned by the
N. Y. N. H. & H. RR.. which guarantees the debentures, prin. and int.
Interest. Outstanding, Maturity.
STOCK AND BONDS.- Date.
Stock $250,000
$50,000
Deb g, gu ($1,000) $19,910,-1 1907
4 g M-N
19,809,000 May 1 1957
000, can be called
c*)Interest in New York and New Haven.
-The debentures are listed on the N. Y.Stock Ex. V. 84, p.1114.
Bonds.
They are guaranteed, prin. and Int., by the N. Y. N. H. &. H. RR. and
bonds bear the following endorsement: "In case of any default in the punctual payment of the principal or of the interest of the within debenture,
according to its tenor and effect, the New York New Haven & Hartford
RR. Co., for value received, agrees to pay the same on demand." They
are subject to call on or after May 11017 at 105 and interest.

FEB.. 1908.]

69

STREET RAILWAYS.

OFFICERS.-Pres., C. S. Mellen; Sec., John G.Parker; Treas., Augustus
Room 3, Grand
S. May; Asst. Treas., Thos. F. Paradise. Transfer office,
1525; V. 84,
Central Station (42d Street side), New York City. V. 83, P.
p. 997, 1114, 1368; V. 85, p. 347, 1344.
(a) Rhode Island Co.
-Created in 1902 by Special Act of the Rhode Island
ORGANIZATION.
Legislature. Leases the Union Railroad Co., the Pawtucket Street Railway
-see terms under United
the Rhode Island Suburban Railway Co
Co. and
In
Traction & Electric, below. The Rhode Island Co. has no bonds.
the ColumJune 1907 obtained control of the Providence & Burrillville and The ProviStreet Ry. companies. V. 84, p. 1368.
bian & Woonsocket
of this
dence Securities Co. owns all the stock ($5,031,000; full paid, $100)
company.
44 miles
-The Rhode Island Co. operates 311 miles, of which
ROAD.
owned and 267 miles leased. It serves the cities of Providence, Pawtucket
and Central Falls, and the towns of Cranston, Warwick, North Providence,
Coventry,
East Providence, Johnston, Cumberland, Lincoln, Barrington,consists of
Scituate, Warren, Bristol and East Greenwich. Its equ .pment
342 cars owned and 604 cars leased; total, 946.

Amount
Issued.
STOCKS$2,499,500
N. 0. City RR. Co., preferred
4,991,000
common
4,600,000
N. 0. & Carrollton RR. Lt. & P. Co., preferred
. 2,500,000
common._
953,300
St. Charles St. RR. Co
234,700
Orleans RR. Co
349,800
N. 0. & Pontchartrain RR. Co
5,250,000
N. 0. Gas Light Co
10,000
N.0. Lighting Co
64

64

6

44

16

46

66

44

66

Owned by
N.O.Ry.&
Lt. Co.
$2,450,800
4,826,800
4,588,000
2,500,000
945,500
234,700
349,800
5,144,600
10.000

$21,388,300 $21,050,200
Total
The New Orleans City RR.is leased until Dec. 31 1955 to the New Orleans
By. & Lt. Co. for 5% on the pref. stock and Yi % until Jan. 1 1908 and 1 %
thereafter on the common stock. The New Orleans Gas Light Co. is leased
to the New Orleans Lighting Co. until March 1 1925 for 6% on its stock.
See V. 82, p. 1502.
City proposed to build a municipal lighting plant, but bids were rejected
in Nov. 1903; contract for 10 years from Oct. 1 1905 later awarded to the
New Orleans & Carrollton RR. Light & Power Co., one of the constituent
(b) Providence & Burrillville Street Ry.
companies of the New Orleans Railway & Light Co.
1903.
ORGANIZATION.-Incornorated in Rhode Island in October
and in June 1907
-The N. 0. City RR. Co. franchises expire from 1943 to
FRANCHISE.
In 1906 was acquired by the Consolidated Rys.
Co.'
1962, except two expiring in 1915 and 1917; the N. 0. & Carrollton franwas turned over to the Rhode Island Co. V. 84. P. 1368.
1933; the St. Charles St. RR.franchises expire in 1956, and
Interest. Outstanding. Maturity. chises expire in Co. franchises expire in 1951. Gas franchise is perpetual
Date.
STOCK AND BONDS$254,000 Jan 1 1925 the Orleans RR.
5 g J-J
1st mortgage, $750,000, gold) 1905
until 1925. Electric light franchise is perpetual.
cf Int. at Rhode Isl. Hos. Tr. Co., Prov., Trus. and is exclusive
($1,000)
Interest. Outstanding. Maturity
Date.
STOCK AND BONDSbegins Jan. 1 1910. Bonds
-A sinking fund of $5,000 per annum
Bonds.
$20,000,000
$20,000,000 ($100)
Corn.,
are subject to call on any int. date after 1909 at 105 and int.
($100)
and Woonsocket. Pref., 5%,$10,000,000
5 Q-J
10,000,0000ct'07 62c
ROAD.-Operates 11 miles of track between Providence 1368.
1
non-cum
1,261,000 May 1 1912
8 g M-N
Standard gauge. 75-lb. T rall.-V. 80,P. 2345; V. 84, p.
N 0. By. & Light Co. deb.1 1907
$5,000,000 gold 01,000)_ _I Inter-State Trust & Banking Co. New
(b) United Traction & Electric.
I. Orleans, Trustee.
-United Traction & Electric Company, chartered in N. 0. Ry. & Light Co., gen.} 1905
434 g J-J 13,802,000 July 1 1935
ORGANIZATION.
New Jersey, owns the Union Railroad Co. of Providence, the Pawtucket
mort. $30,000,000 gold Interest at New York Trust Co., Trustee, or
at office of company.
Street Ry. Co. and the Rhode Island Suburban By. Co., and thus controI3
c*
'
($1,000)
3,200,000 July 1 1943
4-5 g
the entire street railway system of the cities of Providence, Pawtucket and N. 0. City gen. mortgage,). 1898
Central Falls, and of the counties of Kent, Washington, Bristol and Provi'Int, payable at Louisiana Nat. Bk. N. Or.
$3,250,000, gold
2,756,000 Jan. 1 1943
5 g J-J
dence.
& Lake( 1893
New Orleans City
at 110
the Pawtucket St. Ry. Co., and the Rhode Island
The Union RR.
1st M. for $3,000,0001Sub. to call for s. 1. on & aft. July 1'98 Trust.
the
have
Suburban By. Co. Co., been leased for 999 years from July 1 1902 to &
c* Columbia Finance & Tr. Co., Louisv.,
gold, $500 &c
Rhode Island Co. for an amount of rental permitting the United Trac.its
payable at New Orleans Nat. Bank.
Int.
83,000 July 1 1917
Electric, the owner of the shares of the three leasing companies, to pay • N. 0. Tract. 1st mort.,} 1897
6 g J-J
yearly fixed charges and dividends of 5% on Its stock.
Interest at Louisiana Nat. Bank.
gold, sk. fd. ($1,000)
Louisville, Trustee.
Div.,Mat.,&c.
Interest. Outst'd'g.
Fidelity Trust Co.,
STOOK AND BONDS.- Date.
200,000 July 1 1943
5 g J-J
$8,000,000 Jan 08 1
5 Q-J
N. 0. Power-house mort.f 1901
Stock
8,894,000 Mch 1 1913
5 g M-S
Fidelity Trust Co., Louisville, Trustee.
gold, $200,000
United Tr & El Co, Prov del 1893
Int. at Louisiana Nat. Bank, New Orleans.
Paw issue, 1st (colt) mtge Interest at Central Trust Co., N. Y., Trustee.
1,875,000 Feb. 1 1933
5 J-J
N. 0. & Car consol. MI 1899
($1,000) gold
($500 and Interest at Whitney Cent. Nat. Bank,
-Company started paying dividends with 1% in 1897. In
$2,000,000
Dividends.
New Orleans.
$1,000)
1898 3% was paid; in 1899,3 Ys%: in 1900,4%;in 1901,4°4); in 1902. 431 %
350,000
5
RR.) ____
1903 to 1907, inclusive, 5% per annum in 1908, Jan., 1 Yi %.
were New Or. & Pontchartrain
1st mtge
-Total issue limited to $9,000,000, of which $8,000,000 terms
Bonds.
By the
749,000 May 1 1946
6 g M-N
originally issued to purchase and equip the properties. for new track, Canal & Claiborne RR.} 1896
consol. M., g., $800,000 Interest at Whitney Central Nat. Bank,
of the mortgage the additional million was reserved to pay
of Providence, R. I.,
New Orleans.
($500 and $1,000)
which must be laid within 18 miles of the City Hallexceeding $12,000 per
2,500,000 Jan. 2 1929
5 J-J
Edison Elec. of N. 0. 1st M.1 1899
for which bonds can only be issued at cost, but not
of bonds had been
($1,000)s.f., $2,500,000 c* American Trust, Boston, Trustee. 1 1929
mile of such new track, including equipment; $894,000
300,000 July
5 g J-J
Merch'ts Elec. Co. 1st M., 1899
so issued up to latest dates.
$300,000, gold ($500)__c*IMerchants' Loan & Trust Co., Chicago, Trims.
-The bonds are secured by the pledge of the
SECURITIES PLEDGED.
76,000 Apr.18 1913
5 J-J
1883
Orleans Gas L. Co
Central Trust Company of New
following securities deposited with the of the $9,000,000 capital stock of New($46,000 can be retired at any time and $30,000 April, 1908.)
York, as trustee of the bondholders: All$500,000 capital stock of the Paw
Interest at the Peoples' Bank, New Orleans.
the Union RR. of Providence, all of the
300,000 Apr. 8 1912
6 J-J
mortgage) 1895
RR.
the $3,000,000 first mortgage bonds
tucket Street Mi. (no bonds) and all of through the ownership of the Union Orleans $300,000
of Int. at Commercial Nat, Bank, New Orleans.
gold,
of the Union RR. of Providence, and,
100,000 1907-1912
6 J-J
ef 1897
stock, being all but two Second mort., gold
Railroad Co. $299,800 of the $300 000 capital
1May be called at par after 10 years.
The Providence
'
shares, of the Providence Cable Tramway Co. (no bonds). 50 years for 6 %. St.
375,000 Jan. 1 1952
4 g J-J
1st) 1902
Street
Charles
to the Union Railroad Co. for
Cable Tramway Co. is leased
}Interest at Canal Bank & Trust Co., New
mtg., $600,000 ($1,000),
on its capital stock.
1 Orleans.
gold, c
-The United Traction & Electric Co. has Bills payable Dec. 31 1906
3.540,2011
TREASURY SECURITIES.
Rhode Island
in its treasury the entire capital stock ($5,000,000) of the
-On the New Orleans & Carrollton consolidated bonds $20,000
Bonds.
Suburban Railway Company.
annum is payable to a sinking fund. A sinking fund of $30,000 per
per
-A trolley road.
annum is provided for the redemption of the N.0. City & Lake RR. bonds.
Rhode island Suburban Rail way.
(c )
Co. bonds are subject to call at par at any time.
-Chartered June 2 1899 by the Legislature of the The Merchants' Electric per annum is provided for redemption of Orleans
ORGANIZATION.
operate A sinking fund of $10,000
State of Rhode Island with power to construct, purchase, lease or
the RR. bonds. The St. Charles St. RR. bonds are not subject to call, but a
Newport County.
trolley roads in any part of the State, except
and the proportionate amount will be retired yearly by purchase in open market.
terms of its charter it is vested with the power of eminent domain, States The N. 0. Traction Co. bonds have a sinking fund of $7,500 per annum for
right to transport passengers, freight, express matter and United
redemption of bonds at 105.
mail in any territory where it is authorized to do business.
Of the $30,000,000 mort. of the New Orleans Railways & Light Co..
Interest. Outstanding. Maturity. $12,541,000 are reserved for prior liens and of the remainder $3,525.000
Date.
STOCK AND BONDS$5,000,000
Stock, $5,000,000
were on Dec. 31 1906 pledged as security for $3,540,200 bills payable. They
4,682,000 Jan. 1 1950 arc
4 g J-J
( 1900
subject to call on any interest date upon 60 days' notice at 105 and
($1,000) guar. p.& I.{ Union Trust Co., Providence, Trustee.
1st mtz g.
interest. See V. 82, p. 1497. The 1907 debenture notes are subject to
c*1 Int. at office of the By. Co., Providence.
$5,000,000
call from May 1 1908 to May 1 1910 at 103, and on May 1 1910 and any int.
The United Traction & Electric Co. owns the entire capital stock and day thereafter at 101. V. 84, p. 996. So long as notes remain out no new
guarantees the bonds, principal and interest.
mortgage can be placed on property. V. 84, p. 996.
-There are reserved in the hands of the trustee $318,000 to take
Bonds.
-First quarterly dividend on pref. stock-1 3i %-was paid in
Dividends.
Pawtuxet Valley
1
,
up and retire $247,200 5% gold first mortgage bonds of the mortgage bonds Jan. 1906 and 1 q % was again paid in April, 13 % in July and 1% % in
Electric Street Railway Company and $70,000 6% gold first
Oct. 1906. In 1907, Jan., 1 Yi %; April, 1 Y., %;July. 15.4 %; Oct., 6234 cts.
being guarthe Cumberland Street Railway Company, the former issue Company, In 1908, Jan. dividend passed.
of
& Electric
anteed, principal and interest, by the United TractionCumberland bonds.
-Companies controlled operate 52.35 miles of single track. 64.83
ROAD.
which guarantees the payment of the interest on the
10.48 miles of special track; total track, 192.50
are secured by a mortgage on all miles of second track and power stations. Rails 58 to 107-lb. T and girder.
-The bonds
SECURITIES PLEDGED.
miles. Has 619 cars and 4
pledge of
of generating 17,800 k. w.
the property owned or hereafter acquired by the company, and by
Co.; 3,985 In 1907 completed new power-house capable
the following securities: 700 shares of the Cumberland Street By. shares of
-For calendar years (see V. 84, p. 929):
REPORT.
shares of the Pawtuxet Valley Electric Street By. Co. and 5,000
Bal., stir.
Pref. /Avid.
Charges.
Net.
Gross.
Yearthe Barrington Warren & Bristol St. Ry. Co.
$5,773,190 $2,699,175 $1,900,901 (5%) $500,000 $298,274
-Owns and operates what was formerly the Oakland Beach 1906
ROAD.
513,023
1,784,226 (IX %)125,000
2,422,249
con- 1905
5,093,710
branch of the N. Y. N. H. & H. RR., about 11 miles in length, and has
25,981
2,149,840
2,175,821
4,674,344
verted it into an electric road, and has, including the several divisions built 1904
Latest earnings for seven months ending Aug. 1:
71 miles of track.
n the highways, a total of
Surplus.
Fixed Charges, Etc.
Net.
Gross.
$510,823
$1,162,199
$1,673,022
$3,532,903
1907
466,670
1,071,097
1,537,767
3,342,919
1906
NEW LONDON, CONN.
-P.,
-P., R. M. Walmsley; 2d V.
OFFICERS.-Prest., Elwin C. Foster; V.
-A trolley road.
-P.. A. S. Gibbs; Treas. and Auditor,
LONDON & EAST LYME ST. RV.
DeGrange; 3d V.
NEW
and Sec., Joseph H.
-Incorporated in Connecticut in 1899 as East Lyme H. A. Ferrandou.-V. 81, p. 508, 604, 1792, 1849; V. 82. p. 692, 869, 925,
ORGANIZATION.
1408, 1497; V. 83, p. 272, 1411; V. 84, p. 339, 1308, 996, 929. 868; V.
Street fly. and name changed as above on Dec. 1 1904,
Interest. Outstanding. Maturity. 85, p. 654, 1518: V. 86, p. 168, 338.
Date.
STOCK AND BONDS-A holding company.
$80,000
SOUTHERN ELECTRIC SECURITIES CO.
Corn., $155,000 ($100)
.
In 1907 suit was commenced against the company by the Attorney-Gen
Pref., $70,000 6% cum.,
70,000
of Mississippi charging violation of the anti-trust law. See V. 84, p. 221
($100)
1 1935 and 932. In Oct. 1907 the Supreme Court of Mississippi affirmed the decig A-0
5
200,000 Apr.
1st mtge., $200,000, gold 1905
c* Int. at Thames Loan & Trust Co., Norwich. sion of the lower court holding that company is a combination in contra($1,000)
in proper-Trustee is Treasurer of State of Connecticut. Bonds are subject vention of State anti-trust laws and must dispose of its holdings page 62)
Bonds.
ties in the State, viz.: Southern Light & Traction of Natchez (see a result
to call at any time at 120 and int.
(see under Vicksburg). As
30 1907, gross, $43,756; net, and Vicksburg Railway & Light Co. been placed in hands of a receiver.
-For year ending June
EARNINGS.
of decision these latter companies have
$16,114; fixed charges, $15,815; surplus, $299.
See V. 85, p. 1144; V. 86, p. 230.
-Operates 11 miles of track from New London to Niantic. 70-lb.
ROAD.
-Incorporated in New Jersey in July 1903. In table
ORGANIZATION.
T rail. Standard gauge. 10 cars. Owns a park in Flanders.
of the companies controlled and the amounts of
-P., Walter R. Denison; Sec., below we give the names outstanding, together with the amounts acquired
OFFICERS.-Pres., Thomas Hamilton; V.
-V.81, stocks and bonds of each
Philip C. Dunford; Supt., Lorenzo Bentley.
F. P. Latimer; Treas.,
and pledged under the collateral trust mortgage of the Southern Electire
p. 1396; V. 84, p. 159.
Securities Co.
1st MortBonds.
Capital Stock,
Pledged.
Pledged. Issued.
Issued.
Name of CompanyNEW ORLEANS, LA.
$600,000 $600,000 $500,000 $100,000
Co
Beaumont
-Railway and lighting Southern (Tex.) Tract.
Light & Tract. Co.,
NEW ORLEANS RAILWAY & LIGHT CO.
456,700 340,000 340,000 266,000
system. (See map on page 70.)
Natchez, Miss
60,000
60,000
15,000
15,000
-Incorporated in Louisiana on June 12 1905 as a re- Jennings (La.) El. L. & P. Co__
ORGANIZATION.
32,000
500,000 376,000 305,000
New Orleans Rys. Co. per plan in V. 80, p. 651. Old Vicksburg Ry. & Lt. Co
organization of the
are in shares of $100 each, except the Jennings Co.,
share and received $10
The stocks pledged
common stockholders paid an assessment of $10 per
new preferred and $35 in new common; old preferred paid $20 assessment which are $50.
Capitalization of Southern Electric Securities Co.
and received $20 in new preferred and $100 in new common. Comprises
all the street railway and lighting interests of New Orleans. Stock and
Interest. Outstanding. Maturity.
Date.
STOCK AND BONDSlisted on New York Stock Exchange in June 1906. V. 82, p
bonds were
$1,000,000
Stock,$1,000,000 ($100)
1497.
876.000 Apr. 1 1934
5 g A-0
$1,600,000) 1904
M.
On Dec. 31 1906 owned the following stocks. We show also the total Coll. tr.
csf Int. at Knickerbocker Trust Co., N. Y., Tr.
gold ($1,000;
of each issue:
amounts outstanding







MAP

HOWING
if

NEW ORLEANS RAILWAY
AND

LIGHT CO. PROPERTIES
REFERENCE
REFERENCE
ELECTRIC RAILWAY LINES OF THE NEW ORLEANS RY &LIGHT CO.
UNDERGROUND ELECTRIC DISTRIBUTION AREA
IZIESIEZIEM POPULATED AREA
Ell
REAL ESTATE
*
POWER STATIONS
4114
GAS WORKS
X
SUB-STATIONS
PUBLIC BELT LINE

•

CAR HOUSES

STEAM RAILROADS

FEB., 1908.]

STREET RAILWAYS.

71

REPORT.
-Following are the figures of earnings separately given for
-The $876,000 outstanding were issued in payment of the securiBonds.
ties given in table above, and remaining $724,000 are reserved for acquir- all of the roads in the system for the fiscal years ending June 30 1906 and
ing additional stock and bonds. A sinking fund of 2% of outstanding bonds 1905. Further details and also balance sheet and other facts will be found
.
commences on April 1 1909. Bonds are subject to call on any interest date In the "Chronicle" of Oct. 20 1906. V. 83. 13. 966
at 105 and interest.
Balance,
-P., E. C. Foster; Sec. and
OFFICERS.-Pres., Lynn H. Dinkins; V.
All
Other
Net
Gross
39; V. 84,
-V.79, p. 104; V. 80, p. 1972; V. 83, p.
Treas., H. M. Young.
Earnings. Earnings. Income. Charges. sur. or def.
p. 221, 932; V. 85, p. 1144; V. 86, p. 230.
$
1
1
$
$
S
$
N. Y. City1'05-0617,425,6607,849,1491,089,93911,225,403 def.2,288,315
By
NEW YORK CITY, N. Y.
1'04-0516.703,004 7,387,831 106,48911,160,387 def.2,688,267
28th & 29th '05-06
87,414 def. 54,819
1,300
160,737
31,295
-See "Railway and Industrial Supplement.
MANHATTAN RAILWAY.
Ste
'04-05
86,729 def. 58,882
1,300
151.770
26,567
70,557,sur. 274,827
34thStCross- '05-08
549,917 341,884
3,500
METROPOLITAN SECURITIES COMPANY. of New York on Feb. 14 town Ry '04-05 525,754 320,479
69,519sun 254,460
3,500
Incorporated under the Business Corporation Law
St '05-08
21,298:def. 19,247
500
30,4311551
stock Fulton
1902 with a capital of $30,000,000. It holds the entire outstanding
RR
21,244def. 23,104
'04-05
28 990def. 2:38
500
of the New York City By.,which in turn leases the Metropolitan Street Rail- 42d St M & '05-06
922,763 221,949
395,227Idef. 91,938
81,340
way Co. V. 74, D. 379. Also owns all the stock of the People's Traction
St NAv By '04-05
788,410 133,921
392,630def. 168,036
90,673
Co. and the N. Y. Westchester & Connecticut, besides considerable quantity Dry D EB& '05-06
410,859
66,239
180,438def. 47.195
67,004
of Third Avenue RR. stock, the precise amount not being disclosed. Of
'04-05
Batt RR
430,125
160,4371def. 97.418
20,372
42,647
the holdings of Third Avenue stock, however, $5,970,000 were to be pledged Kingsb'dge '05-06
88,119
14,548
86,959 def. 72,413
-year collateral trust note issue of the
as part security for the $15,000,000 3
83,795
25,851
'04-05
Railway
87,660def. 61,809
Co. V. 84, p. 1248.
Interborough-Metropolitan
288,308:sur. 174,236
18,000
it toacquire the se- Union Ry of '05-06 1,503,182 442,514
The powers of the company are very broad and allow
262,479'sur. 161,204
New York_ '04-05 1,386.009 410,058
13,625
curities of corporations of New York State or any other State, "including Tarry W P& '05-06
128,348
14,903
200
31,686 def. 16,583
corporations which own, operate or lease, or which are organized for the
Mani Hy_ _ '04-05
6,770
108,817
31,961 def. 25.128
63
purpose of constructing, owning, operating or leasing, street surface rail- South Boul '05-06
19,165 def. 16,697
46,785
2,468
roads, elevated railroads, rapid transit railroads, underground railroads,
212
18,324 def. 18,112
51,361
'04-05
RR
railroads, railway terminals or railroads of any
tunnels, bridges, tunnel
8,409
149
110,592 def.
341,109 102,034
Yonkers '05-06
character or description in the City of New York or its suburbs, or in terri149
63,840
111,858def. 48,069
RR
'04-05
305,768
adjacent thereto, and corporations engaged in furnishing or organized Westchester '05-06
tory
2,239
103,169 def. 48,443
52,487
330,033
purpose, or power in any form, for use
to furnish electricity for any lawful
1,216
102,108 def. 25,800
75,092
Eleo RR... '04-05
326,321
upon, or which may be used upon, street railroads or other railroads," &c.
Also "to purchase, acquire, hold and dispose of the stocks, bonds and other
Total rays- '05-0821,937,9449,313,161 424,744 11,950,902 def.2,212,997
or foreign, and
evidences of indebtedness of any corporation, domestic
tern
J'04-0520,888,124 8,618.7001 444,60311,858,246 def.2.798.943
issue in exchange therefor its stock, bonds or other obligations." The
duration of the corporation is to be a thousand years. The directors need
y Includes $168,960 in 1905 accrued to Metropolitan Securities Co. for
not be stockholders unless the by-laws of the company shall so require. On
June 10 1903 second payment of $25 per share was made. In Jan. 1906, dividend upon its holdings of Third Avenue RR. stock (see below).
'Vote.
-For the purpose of presenting the income account of the New York
plan of amalgamation with Interborough Rapid Transit,
pursuant to
City Railway System as a whole, the following changes were made by
another call of 25% was made, making stock 75% paid in.
-Both the shares of the Metro- the company in the "total" column, as compared with the aggregate of the
Merger with Interborough Rapid Transit.
politan Securities Co. and those of the Metropolitan Street By. Co. have cross footings. These changes represent transactions between the different
passed in large part to the Interborough-Metropolitan Co. under a merger companies in the system. There were eliminated (1) from "operating
arrangement with the Interborough Rapid Transit Co. entered into in Jan. expenses-transportation" and from "income from other sources-rent of
1906. Stockholders of the Metropolitan Securities Co. in exchange for equipment." $26,816; (2) from "operating expenses-general" and from
their stock with 75% paid thereon were given 93% % of their holdings in "income from other sources-rent of tracks and terminals" $290,586; (3)
common stock of the Interborough-Metropolitan Co., while holders of from "income from other sources-miscellaneous Interest," $887,317, and
Metropolitan Street Ry. stock received 100% in pref. and 55% in common from "deductions from Income-miscellaneous Interest," $662,317. and
stock of the new company. See plan in full in V. 82, p. 280. $29,373,100 "interest on real estate mortgages," $5,000.
The item of "all charges" for the New York City By., and also the total
of the $30,000,000 stock of the Securities Co. has been exchanged on this
basis and $42,740,000 of the $52,000,000 stock of the Metropolitan St. By. system, includes the 7% dividend ($3,639,792) on the stock of the MetroFor details of the securities of the Interborough Rapid Transit Co. and the politan Street By. and 5% per annum on the stock of the Third Avenue RR.
The "charges" do not Include the franchise tax then in litigation.
Interborough-Metropolitan Co.,see our "Railway and Industrial" section.
Total.
In July 1907 Judge Holt in the U. S. Circuit Court held that thelmerger
Transfer.
Pass.car d. y'r end.June 30'06- Fare.
the laws of the State. Manhattan Borough
must be considered a monopoly in conflict with
391,354,877 178,639,866 569.994,743
72,852,657
23,707,097
V. 85, p. 99. The same month Attorney-General Jackson petitioned the Bronx and Westchester County... 49,145,560
Supreme Court for authority to bring suit to annul the charter of the Interborough-Metropolitan Co. on the ground that it was an unlawful monopoly
440,500,437 202,346.963 642,847,400
Total
(V. 85, p. 99) but in Sept. 1907 Justice Hendrick denied the application. wOFFICERS.-Pres., H. H. Vreeland: V.
-P. and Gen. Mgr., Oren
V. 85, p. 654.
Root and D. B. Hasbrouck; Sec. and Treas., C. E. Warren; Comp.,
Rate. Outstanding. Last die.
STOCK AUTHORIZED- Date.
H. W. Brown; Aud., D. C. Moorehead; Purch. Agent, A. C. Tully;
$75 paid in
Stock, $30,000,000 (par $100)
V. 82, p. 161, 509, 987; V. 83, p. 890, 966; V. 84. p. 391, 1308; V 85.
-P., R. W. Meade: Sec. and p. 100, 793, 921, 1339, 1462, 1518; V. 86, p. 53, 108, 169, 338.
OFFICERS.-Pres., H. H. Vreeland; V.
--V. 79, p. 1023, 2697; V. 80, p. 711; V. 81,
Treas., Edward W. Sayre.
p. 1792, 1849; V. 82, p. 161, 283; V. 83, p. 152; V. 85, p. 531.
-Underground trolley and horse.
METROPOLITAN STREET RAILWAY.
Receivers Appointed.
-On Oct. 1 1907 Judge Lacombe appointed Douglas
NEW YORK CITY RAILWAY.
Robinson and Adrian H. Joline (who had previously been made receivers
1907 company was placed by Judge of the New York City By. Co.) receivers of this company on application
-On Sept. 24
RECEIVERSHIP.
Lacombe of the United States Circuit Court in the hands of Adrian H. of company itself. V. 85, p. 864. On Oct. 9 1907 receivership was exJoline and Douglas Robinson as receivers in friendly proceedings instituted tended by Judge Lacombe on application of Morton Trust Co., trustee of
by the Pennsylvania Steel Co. and the Degnon Contracting Co. The re- the refunding mortgage, to all property covered by mortgage, and It was
ceivership, It was understood, was precipitated by the inability of company also ordered that all rents and profits of the mortgaged property be seto meet the quarterly installment of rental due the Metropolitan St. By. Co. questered in order that the interest of bondholders be protected. V.85,p.921.
Oct. 15 1907. Leases provide that in the event of default for one year in Protective committee for the minority shareholders has been formed. See
the case of Metropolitan St.Ry.and 6 monthsin the case of Third Ave.RR, V. 85, p. 1518; V. 86, p. 108. The October 1907 coupon on the refunding
shareholders may proceed to take over the property. V. 85, p. 793. On bonds was paid, but the Morton Trust Co., as trustee, brought suit Nov.
Oct. 8 1907 Judge Lacombe made receivership permanent and ordered that 1907 in the U. S. Circuit Court to foreclose the mtge. The failure of Met.
Income from operation should be devoted to maintenance and to payment St. By. to pay Third Ave. rental which fell due Oct. 31 1907, the Trust
of rentals and mortgage Interest. (See V. 85, p. 921), but not to the Company alleged, broke the lease and so constitutes a default under terms
rental of Third Avenue RR. due Oct. 31 1907, which was not paid. At the of mtge. A majority of these bonds, it is understood, has been deposited
instance of Attorney-General Jackson of New York State, receivers were with a committee, of which E. S. Marston, Pres. of Farmers' Loan & Trust
also appointed for New York City Ry. and Metropolitan Street By. by New Co., is Chairman. V. 85, p. 1270.
York Supreme Court Nov. 29 1907, but Judge Lacombe Feb. 3 1908 dis-Interest due Feb. 1 1908 on the $12,500,000 gen. coll. tr. bds.
Default.
missed as premature the petition to turn over the properties to these latter was defaulted. Protective committee formed-see V. 86, p. 337.
receivers. V. 86, p. 338. The(United States Supreme Court had the
-Organized on Nov. 12 1895 and by consolidation
ORGANIZATION.
previous month (V. 86, p. 169( dismissed the application of certain creditors
otherwise acquired control of practically all the street railways
for writs of mandamus compelling Judge Lacombe to vacate his order lease and
of Manhattan Island except the Manhattan Elevated.
appointing Messrs. Joline and Robinson receivers.
In July 1901 the New York Transportation Co., having purchased the
-The quarterly rentals on
Payment of Dividends on Leased Line Stock.
Metropolitan Express Co., inaugurated an express service on the Eighth
the leased lines of the Metropolitan Street Railway Co. (with exception of Avenue line. V. 73, p 35.
Third Avenue RR.) due Jan. 1908 were paid after some delay. V. 86,
On Sept. 1 1904 the Union Railway Co. established express trolley passenp. 53. 108.
station of the Manhattan Elevated By.
between the
-The New"York City Railway Co. was incorporated ger serviceRochelle and Bronx Park
ORGANIZATION.
Mount Vernon. V. 79, p. 903.
In New York on Nov. 25 1901 as the Interurban Street By., with a capital and New with Interborough Rapid Transit.
-Up to Feb.10 1907 $42,740,000
Merger
10 1904 assumed name as above. V. 78, p. 48;
of $500,000, but on Feb.
of the Metropolitan Street Ry. had been exchanged
V. 77, p. 1874. Directors need not be stockholders. Arrangement of the $52,000,000 stock
of the Interborough-Metropolitan Co., basis of exchange being
for financing the needs of the Metropolitan Street By., under which the for the stock
$55 in common stock of the new company for $100 of
amount of the stock of the Interurban was increased to $20,000,000, $100 in preferred andRy. See V. 82. p. 280, and remarks above under
Street
was made in February 1902. V. 74, p. 379. Metropolitan Securities Metropolitan Securities Co.
owns all the stock and is also to acquire any future issues of stock Metropolitan Feb. 14 1902 the Metropolitan Street By was leased for 7%
Co.
-On
or securities of the New York City By. The Interurban Co. leases the onLease.
its stock to the Interurban Street Ry. (now the New York City Street
Metropolitan Street By. for 999 years from Feb. 14 1902 for 7% per
V. 74, p. 379. Metropolitan Street Ry. stockholders
its stock. In a suit brought by Isidor Wormser Jr., Justice Ry.) for 999 years. to subscribe for $23,400,000 stock of the new Metroannum on
Scott in the New York Supreme Court on June 22 1903 declared the lease were given the right
The lease has been sustained by the courts. See
politan
valid and dismissed the charges of fraud. This decision was unanimously remarksSecurities Co. New York City By.
above under
affirmed by the Appellate Division on Nov. 18 1904. V. 79, p. 2456. The
-All franchises are stated to be perpetual, excepting the
Franchises.
case was carried to the Court of Appeals, which on Feb. 13 1906 sustained KingsbrIdge franchise, covering 3 miles. For decision in New York Suthe lower courts in dismissing the complaint on the ground that Wormser, preme Court adverse to the validity of the franchise under which the Lexhaving availed of some of the privileges of the lease agreement, was in no ington Avenue extension of the Houston West Street & Pavonia Ferry RR.,
position to bring suit, but did not pass directly upon the validity of the lease. and also the line across 116th Street, was built, see V. 72, p. 45.
V. 82, p. 392.
-For decision of Court of Appeals in the case of the
Franchise Tax Legal.
Dividends or
validity of the franchise tax law, see
Date.
Interest. Outstanding. Maturity. Mztropolitan Street By., affirming theUnited States Supreme Court unaniSTOCK AND BONDS.
V. 76, p. 972. On May 29 1905 the
$9,361,500
Stock $20,000,000 (par $100)
mously affirmed the decision of the New York State Court of Appeals.
3 A-0
1,761,000 April 1912
10-year notes, $15,000,000___ 1902
V. 80, p. 2344. For reduction in assessments in legal proceedings, see
Loans& bills pay'le Dec 31 06_10,865,000
80, p. 2821. For decision as to car taxes. see V. 75, p.
Note.
-There was also due the Metropolitan Securities Co. on March 31 V. 76, p. 331; V.p. 1339. For decision as to tax on capital stock for the
1399; also V. 85,
1907 $3,638,500 stock under subscription and $3,915,000 of the 10-year
year 1897. see V. 80, p. 1913.
notes.
-For decisions as to transfers. see V. 78. p. 288, 584, and V.
Transfers.
Judge Lacombe in the U. S. Circuit Court on Jan. 27 1908 authorized 79, p. 269, 2147. 2588, 2642: V.82, p. 452: V. 84, p. 391, 508,694,1308:
Receivers Joline and Robinson to bring suits to recover 22,797,200 and any
100.
other sums if illegally diverted from the New York City Ry. In connection V. 85, p. Bridge Connection.
-Cars of the Metropolitan lines began to run
Brooklyn
with the sale of the 10-year debenture notes to the Metropolitan Securities across
the Williamsburgh Bridge in Jan. 1905.
Co. at 70 and their subsequent redemption at par. V. 86, p. 286.
Interest. Outstanding. Maturity.
Date.
STOCK AND BONDS.
-The following shows the aggregate of track operated June 30
ROAD.
Q-J 15 $52.000,000 July'07,1 %
_
Stock $52,000,000 ($100)_
1906:
16,604,000 April 1 2002
4 g A-0
Refund mortgage $65.000,0001 1902
Total.'
Horse.
Electric.
Miles of Trackc&riMorton Tr. Co., N. Y.,Trus. Int. at off.of Co
($1,000 &c) gold
315 778
92.532
223.244
Manhattan Borough
Metropolitan Street fly
201.030
201.030
Westchester County
Bronx and
12.500,000 Feb. 1 1997
5 g F-A
Gen coil trust NI $12,500,000 1897
c•&r Int. at Nat. Bank of Commerce, New York.
($1,000 &e) gold
516.806
92.532
424.274
Total*
8,000,000 July 1 1910
5 J-J
Improvement notes
J 1907
and tracks in car barns.
• Includes mileage not operated
lInterest at Mercantile Trust Co., N. Y., Tr.
-The company was at the date named stilljusing 3,111 horses in its Metropolitan Crosstown first 1890
Note.
600,000 April 1 1920
5 A-0
operation of the lines in Manhattan Borough.
Interest at New York Trust Co., N. Y., True.
mortgage
-The New York City By., to which the "Metropolitan" Lexington Ave dc Pavonia 1893
5.000,000 Sept. 1 1993
EQUIPMENT.
5 g M-S
is leased, reported its equipment as follows June 30 1906: Box cars, motors,
&r Interest at Nat. Bank of Commerce in N. Y.
Ferry first mtge gold _'
3,000,000 Sept. 1 1993
5 g M-S
1,920; others, 215; open cars, motors, 928; others, 151; combination cars, Columbus & Ninth Avenue 1893
motors, 155; express cars, motors, 30; freight motor cars, 5; service motor
d__ _c&r Guaranty Trust Co., N. Y. City, Trustee.
first mortgage
350,000 April 1919
5 A-0
oars, 34; others, 10; snow-plows, motors. 12; others, 7; sweepers, motors, So Fy 1st gu $350.000 ($1,000 1889
1,500,000 July 1 1924
75, others, 11. Grand total, motors, 3,159; other than motors, 304.
5 J-J
Broadway Surf RR first mtge_
0,
Ex9t5end0e0d0)
-For earnings of New York City By. for nine Mortgage on car stable prop-) 1899
LATEST EARNINGS.
erties to Mutual Life
months ending Mch. 31 1007, see "Chronicle" of July 13 11)07, page 100.




72

STREET RAILWAYS.

Date.
Interest. Outstanding. Maturity.
STOCK AND BONDSLessor Companies
5 g J-D
*7,650,000 Dec. 1 1943
Broadway & 7th Ave 1st con__ 1893
5 J-J
2d mtge_ 1884
500,000 July 1 1914
do
do
4 J-J
700,000 Jan. 1 1950
Bleecker St & Ful Fy first mtge 1876
5 M-N
1,280,000 Nov. 1 1909
Second Avenue first mortgage. 1885
5 J-J
89,000 Jan. 1 1909
Second Avenue debentures_ _ _ 1889
5 g F-A
5,631,000 Feb. 1 1948
Second Ave first consol mtge__ 1898
4 A-0
Christopher & 10th St 1st M__ 1898
210,000 Oct. 1 1918
6 F-A
750,000 Feb. 1914
•Eighth Ave certs of indebt__ _ 1884
6 M-N
Central Crosstown first mtge__ 1882
250,000 Nov. 1 1922
notes $2,250,000 1906
5
do
2,250,000 May 1 1909
-See that company's statement.
Third Avenue RR.
Companies separately operated
5 A-0
280 & 29th St Crosstown 1stM 1896
1,500,000 Oct. 1 1996
34th St Crosstown first mtge__ 1896
5 A-0
1.000,000 April 1 1996
Fulton St RR first mtge gold__ 1895
4 M-N
500,000 Nov. 1 1995
• Interest on the $750,000 certificates of indebtedness of the Eighth
Avenue RR. is paid out of the $215,000 rental which the Metropolltan
Street By. pays the Eighth Avenue RR.
Improvement notes of 1907 for $8,000,000 were to be deposited as security
for the $15,000,000 3-year coll, trust notes of the Interborough-Metropolitan
Co., but these latter appear never to have been issued.
Bonds.
-The Lexington Avenue & Pavonia Ferry 5s and Columbus ec.
Ninth Avenue 5s were fully described in V. 60, p. 1146. Both were guaranteed and later assumed by the Metropolitan Street By. Co. The Columbus
& 9th Ave. has been merged into the Metropolitan and its stock canceled.
The general collateral trust mortgage of 1897 is secured by deposit of the
stocks (par value) of the Broadway & 7th Avenue, $1,400,000; 42d Street
& Grand Street Ferry RR., $400,000; Central Park North & East River
RR., $300,000; 34th Street Crosstown Ry., $990,000: also all property of
H. W. St. & P. V..RR., Chambers St. & Grand St. Ferry RR., Broadway
Ry., South Ferry RR., Metropolitan Crosstown By., Lexington Avenue &
Pavonla Ferry RR.,Columbus do 9th Ave.and Fort Lee Ferry Extension; also
leasehold interests, contracts, real estate (valued as below stated). &e.
See application to New York Stock Exchange in V. 65, p. 826.
Of the $65,000,000 new refunding 4s, $54,000,000 were reserved to retire
prior liens amounting to $48,196,000, this latter not including the bonds of
the Third Avenue RR. and its constituent companies. The bonds have a
second lien on the collateral deposited as security for the general collateral
trust mortgage of 1897; see particulars in V. 74, p. 379, 1308. Besides the
$11,000,000 of bonds immediately issued (going to the Interurban Street
Ry.), $5,604,000 have been sold for refunding, making $16,604,000 outstanding. After Jan. 1 1920 any part of the bonds reserved for refunding
not needed for that purpose are to be available for the general purposes of
the company.
Dividends.
-The dividends paid have been as follows, those prior to 1898
having been paid on the Metropolitan Traction stock, which was increased
in 1892 from $20,000,000 to $30,000,000, and in Oct. 1897 was exchanged
dollar for dollar for stock of Street Railway Co.:
Year
1 94.'95. '96. '97. '98. '99. '00. '01. '02. '03. '04. '05. '06.
Per cent
Js 5 5 5 5 7 7 7 7 7 7 7 7
In Oct. 1897 a distribution of 20% in debenture certificates (paid off
Oct. 15 1898) was made to Traction stockholders. (V. 65, p. 620.)
-The real estate in New York City (see V. 65. p. 8261
REAL ESTATE.
owned in fee, subject to the general mortgage and collateral trust deed of
(including $2.450,000 subject to the prior lien of the Lexington Avenue
1897
mortgage) was valued In Feb. 1900 at $6,257,019; owned by subsidiary
companies, $7,039,750; total, $13,296,769.
-See report under New York City By.
ANNUAL REPORT.
-P., C. E. Warren; See. and
OFFICERS.-Pres., D. B. Hasbrouck; V.
-V.84, p. 508, 694,868, 1248; V. 85, p. 469,793,
Treas., D. C. Moorehead.
864. 921 1270, 1462. 1518; V. 86, p. 52. 108, 286, 337.
Companies Controlled by Metropolitan Street Railway.
-Horse and electric.
Bleecker Street & Fulton Ferry RR.
ORGANIZATION.
-Chartered Dec. 12 1864. Leased to 23d Street
Railway Co. Jan. 10 1876 for 99 years; lease assigned to Metropolitan
Street By. Rental is interest on $700,000 bonds and 1 % per annum on
stock. Payment due In Jan. 1908 was made after slight delay.
Interest. Outstanding. Maturity.
STOCK AND BONDSPar.
$900,000 See text.
Stock
$100 134 J-J
700,000 Jan. 1 1950
First mortgage gold 1900_ __
1,000 4 g J-J
"'Morton Trust Co., New York, Trustee.
The first mortgage bonds for $700,000 were 7s until Jan. 1 1900, when
they fell due and were extended by the Bleecker Street & Fulton Ferry Co.
at 4%, on the same lien, and made payable in gold.
-V.89, p. 1344.
ROAD.
-Owned 10.62 miles. Electric on 14th Street.
-Change to underground electric
(2) Broadway & Seventh Avenue.
Jan. 1908 was paid after slight delay.
occurred In Aug. 1901. Rental due
V.86, p. 51, 107.
-Chartered May 26 1864. Leased May 13 1890 for
ORGANIZATION.
unexpired term of charter and for any extensions of the same to Houston
West Street 63 Pavonia Ferry, now Metropolitan Street Railway Co.
on $2,100.000 stock, of which
-Interest on bonds and 10
RENTAL.
Metropolitan Street Railway Co. owns $1,400,000.
Par.
Interest. Outstanding. Maturity.
STOCK AND BONDS$100 100J
$2,100,000 See text.
Stock $2,100,000 ($100)
1,000 5 J-J
500,000 July 1 1914
Second mortgage of 1884
1,500,000 July 1 1924
Broadway Surface first guar.__ 1,000 5 J-J
1,000 5 A-0
350,000 April 1 1919
South Ferry first guaranteed
7,650,000 Dec. 1 1943
B'way & 7th Ave cons mtgel 1,000 5 g J-D
of 1893 for $12,500,000_ _lInterest at Guaranty Trust
N. Y., Trus.
of 1893 for $12,500,000, $4,850,000 was
Co.,
Of the consolidated mortgage
reserved to retire at maturity the other bonds in the table, but in June
1904 $1,500,000 maturing 55 were replaced by an issue of the Metropolitan
refunding 4s of 2002. V. 78, p. 1549. On July 1 1905 $1,000,000 second
mortgage bonds due on that date were replaced by a like amount of Metropolitan Street Ry. refunding mortgage 4s of 2002. V. 80, p. 2458. The
consols are guaranteed, principal and interest, under the terms of the mortgage by the Metropolitan Street Railway Co., which now owns the Broadway line south of 15th Street. They cover the road owned in fee and also
the right to use the tracks on Broadway from 15th Street to the Battery;
they are also a direct lien on the cable (since changed to electrIcIty), &c.
Trustee, Guaranty Trust Co.
The Broadway & Seventh Avenue assumed the Broadway Surface first
mortgage bonds for $1,500,000 and payment of interest on the second mortgage bonds for $1,000,000 (the latter since paid off), for use of tracks between 15th Street and the ferry. South Perry 5s assumed under lease.
-Including Broadway Electric, Seventh Avenue and South Ferry
ROAD.
lines; owned 15.12 miles. V. 86, p. 51, 107.
-Electric and horse.
(3) Central Crosstown RR.
ORGANIZATION.
-Chartered March 28 1873. May 28 1890 leased the
Christopher & Tenth Street RR.; see separate statement of latter.
In May 1897 control was obtained in the interest of the Metropolitan
Street Ry. V. 64, p. 1001, 1042.
On April 1 1904 was leased for 999 years to the Metropolitan Street By.
at a rental of 15% per annum on capital stock in addition to a guaranty
of the principal and Interest of the bonds of the Central Crosstown RR.
V. 78, p. 820, 1168. Rental due in Jan. 1908 was paid after slight delay.
Interest. Outstanding.
$600,000
STOCK AND BONDSDate.
See atudi11.
M text.
15 Q-J
Stock, $600,000 ($100)
250,000 Nov. 1 1922
iggi
6 M-N
First mortgage ($1,000)____c{Interest at Morton Trust Co., New York.
American Loan & Trust Co., Trustee.
See text. May 1 1952
First consolidated mortgage) 1904
4 g M-N
$3,000,000 gold ($1,000) Worton Trust Co., New York. Trustee.
c&r
,000).clInnteoro
interest company's
2,2 0
office.50 00 May 1 1909
Notes $2,250,000 gu ($1
5
06
The notes mentioned in table above were issued to take up a like amount
of notes maturing May 1 1906, and are secured by deposit of $2,490,000
guaranteed consolidated bonds. See V. 82, p. 986.
Dirotdendsr-Dividends under lease are now 15 %. For record of previous
dividends see "Street Railway Section" for Feb. 27 1904.
ROAD.
-Track owned is 3.29 miles; leases from Christopher & Tenth
Street RR., 3.76 miles. Total track, 7.05 miles. All electric except 17th
-V. 82, p. 987; V.84,y,1247.
and 18th sts. from Broadway to Ave. A.
-Horse and electric.
(4) Central Park North & East River.
ORGANIZATION.
-Chartered July 19 1860.
-Leased to Metropolitan Railway Co. Oct. 14 1892 for
LEASE.
length of charter and renewals thereof at 8% on stock till Oct. 1 1897; thereafter 9%(V. 55, p. 894). Metropolitan Street By. owns $300,000 of stock.
Delay occurred in payment of Jan. 1908 rental.

(1)




_I

[VOL. Lxxxvi.

STOCK AND BONDS.Par.
Interest. Outstanding. Maturity.
Stock (see rental above)
$100 Q-J (text) $1,800,000 See text.
Metropolitan Street By.refunding 4s were Issued to take up the $1,200,000,
first consols maturing Dec. 1 1902.
-Owns 59th Street, East and West, with branch to South FerryROAD.
19.90 miles. All electric on 59th Street.
-Electric.
(5) Christopher & Tenth Streets RR.
ORGANIZATION.
-Chartered April 25 1873. Leased to Central Crosstown May 1 1890 at 8% on stock and interest on bonds. Rental due Jan.
1908 was paid after slight delay.
Par.
STOCK AND BONDSInterest. Outstanding. Maturity.
Stock
$100
8 Q-J
*650,000 See text.
First mortgage extended inj 1,000
4 A-0
210,000 Oct. 1 1918
1898
1Guaranty Trust Co.. New York, Trustee.
firsts were extended .20 years from Oct. 1 1898, and in
The $180,000
addition $30,000 bonds were issued at same time to take up the Real
Estate Mortgage of similar amount. V. 67, p. 370.
-Track owned is 3.76 miles.
ROAD.
-V. 67, p. 370.
-Underground-trolley road.
(6) Eighth Avenue RR.
ORGANIZATION.
-Chartered Jan. 10 1855. Road is leased to Metropolitan Street By. for 99 years from Jan. 1 1896 at rental of $215,000 per
annum, which provides for interest on the scrip, 16% dividends on stock
and $5,000 additional for organization expenses. V. 62, p. 40. Underground-electric traction system used between 158th Street and Battery
Place. V. 67, p. 178, 056. Slight delay occurred In payment of rentals
due Jan. 1908. V. 86, p. 108.
Interest. Outstanding. Maturity.
Par.
STOCK AND BONDS$100
Quar.
Stock
$1,000,000 See text.
6 F-A
100
Scrip of 1884
750,000 Feb. 1914
Scrip is subject to call at par on any interest day.
-Total track owned and operated, 18.98 miles. V. 62, p. 40;
ROAD.
V. 86, p. 52, 108.
-To be an underground-trolley
(7) Fort George & Eleventh Ave. RR.
road.
-Incorporated Nov. 19 1898 in the interest of the
ORGANIZATION.
Metropolitan Street By. to build a line from 130th Street and 11th Avenue,
along 11th Avenue to 175th Street, and another from 145th Street and llth
Ave. easterly through 145th St. to the Harlem River. Has been constructed
and put in operation on 145th St. between Lenox Ave. and Broadway.
Stock authorized, $3,000,000. V. 67, p. 1109. Franchise granted Dec.
1889 for 25 years, with privilege of renewal for another 25 years; 4% of
gross receipts to be paid the first five years, 6% the second five years, 8%
the third five years and 10% 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 for the same in accordance
with definitely prescribed rules. The Kingsbridge franchise was granted
to the Third Avenue RR. upon the same terms.
-Horse and electric.
(8) Forty-Second St. & Grand Street Ferry.
ORGANIZATION.
-Chartered Feb. 16 1863. Leased to Metropolitan
Street Railway Co. from April 6 1893 for duration of charter and renewals
thereof at 18% on stock, payable in lawful money. Metropolitan Street
By. owns $400,000 of the stock, which is pledged under the Metropolitan
Street By. general collateral trust mortgage of 1897 and the same company's refunding mtge.of 1002. Was changed from horse to electric In Nov
1906.
STOCK AND BONDSPar.
Interest. Outstanding, Maturity.
Stock
$748,000 See text.
$100
18 Q-F
ROAD.
-Owns 7.84 miles. V. 74, p. 1139.
(9) Fulton Street RR.
-A horse road.
ORG ANIZATION.-Chartered Oct. 29 1895
STOCK AND BONDSInterest. Outstanding. Maturity.
Date.
Stock $500,000 ($100)_
$500,000
First M gold ($1,000) guar( 1895
4 g M-N
500,000 Nov. 1 1995
prin & int by Met St Ry_c*1 Guaranty Trust Co. of New York, Trustee.
EARNINGS.
-See report under New York City Ry.
ROAD.
-Track owned Is 1.05 miles, 8 cars.
-V. 62, p. 277.
(10) New 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 roads as
well as the steam line, being described under the title New York & Harlem
among steam railroads in our "Railway and Industrial Section." In July
1899 the Metropolitan Street Railway Co. bought from the New York &
Harlem the car-stable properties at 32d Street and Fourth Avenue and at
86th Street and Madison Avenue for $1,350,000. V. 69, p. 180, 542, 591.
The electric (formerly horse) lines (19.77 miles of track) were leased to
the Metropolitan Street By. for 999 years from July 1 1896 for a rental of
$350,000 per annum the first five years and $400,000 per annum thereafter,
which is equal to 4% on the *10,000,000 stock; in addition $2,500 is allowed
for organization expenses. V. 62, p. 1088. Line operated electrically
from March 1898 from City Hall to 135th Street.
(11) Ninth Avenue RR.
-An electric railroad.
ORGANIZATION.
-Chartered July 29 1859. The road is leased to the
Metropolitan Street Railway Co. for 99 years from March 12 1892. Rental
-For first five years, $48,000, which is equal to 6% on capital stock
($800,000), and thereafter *64,000-8% on same and $2,500 for organization expenses. Stock, $800,000; par $100; dividends Q-J. Rental due
Jan. 1908 paid after slight delay. V. 86, p. 108. Road-Fulton St. to
126th St.; total track owned and operated, 10.14 miles.
(12) Second Avenue RR.
-Mostly underground electric.
ORGANIZATION.
-Chartered Jan. 21 1853. Leased for length of charter from Jan. 28 1898 to the Metropolitan Street By. at 8% on the stock
for three years from March 1 1898 and 9% thereafter. V. 66, P. 185. All
electric except First Avenue branch, and this last also converted to electricity as far south as 59th Street (V. 86, p. 337) In Feb. 1908; below 59th
St. still operated with horses.
Interest. Outstanding. Dividends.doc
SECURITIESPar,
$1,862,000 See text.
Stock $2,500,000 ($100)
$100 9 Q-M
1,280,000 Nov. 1 1909
First mortgage of 1885
1,000 5 M-N
89,000 Jan. 1 1909
Debentures of 1889
1,000 5 J-J
5,631,000 Feb. 1 1948
First cons M gold $7,000,0001 1,000 5 g F-A
c* Guaranty Trust Co., New York, Trustee.
1898 guar p &I end
Of new first consolidated 5s $1,369,000 are reserved to retire securities of
earlier date. V. 66, p. 900. For mistake of trustees In exchanging some
5s of 1909 for consolidated 5s of 1948, see V. 70, p. 654.
ROAD.
-Track owned 25.93 miles. V. 65, p. 276; V. 66, p. 616, 900.
-Underground trolley.
(13) Sixth Avenue RR.
ORGANIZATION.
-Leased to Metropolitan Street Railway Co. Feb. 1
1892 for 800 years. Rental now $145,000 per annum, which is 7% on stock
and $5,000 for organization expenses (V. 61, p. 925). Stock, $2,000,000;
par,$100. An extra dividend of 38% was paid in Aug. 1901 out of proceeds
of sale of stable property at Sixth Ave. and 43d St. Rental due Jan. 1908
paid after slight delay. V. 86, p. 109. Road, including Lenox Ave.
brane'l-track owned, 12.45 miles. In Feb. 1899 began operating underground trolley all the way to Battery Place. V.73, p. 236; V.86, p. 53,109.
(14) Thirty-Fourth Street Crosstown Ry.-Changed to underground electric in Sept. 1903.
ORGANIZATION.
-Chartered March 18 1806, being a consolidation of
the 34th Street Railroad Co. and the 34th Street Ferry & Eleventh Avenue
Railroad Co. All of the stock of the 34th Street Crosstown Railway Co.
s owned by the Metropolitan Street By.
Interest. Outstanding. Maturity.
STOCK AND BONDSDate.
$1,000,000
Stock ($100)
5 A-0
1,000,000 April 1 1996
First mortgage ($1,000) guar' 1896
prin and int by Met St Ry_ICentral Trust Co., New York, Trustee.
-Track owned is 0.96 miles. V. 60, p. 83; V. 62, p. 549.
ROAD.
REPORT.
-See report under New York City Ry.-V. 71, p. 135.
-Horse(15) Twenty-Eighth & Twenty-Ninth Streets Crosstown RR.
cars.
ORGANIZATION.
-The Metropolitan Street Ry. purchased the property In Sept. 1896. In Dec. 1808 the new air compressor and power-House
were completed. and In Aug. 1899 began using air-motor system exclusively.
V. 69, p. 283. In May 1901, howevel, returned to horse-cars.
STOCK AND BONDS-Interest. Outstanding. Maturity
Date.
Stock $1,500,000 ($100)_
$1,500,000
First M $1,500,000 ($1,000)J 1896
5 g A-0
1,500,000 Oct. 1 1996
gu p & lend Met St Ry tr.c*1 Central Trust Co., New York, Trustee.
ROAD.
-Track owned is 6.72 miles. V. 63. p. 602, 661, 839.
REPORT.
-See report under New York City By.

FEB., 1908.]

STREET RAILWAYS.

(16) Twenty-Third Street Ry.-UndergroUnd trolley.
-Chartered Jan. 29 1872. Leased from April 25 1893
ORGANIZATION.
to the Metropolitan Street Railway Co. for the unexpired term of the
charter and for any extensions of the same. Rental is 18%.
Interest. Outstanding. Maturity.
STOCK AND BONDS.- Par.
$100
8600,000 is% Per an.
18 Q-F
Stock ($100)
-Including 14th St., Bleecker St. and Canal St. branches, track
ROAD.
owned, 4.25 miles. Rails, 47 to 113 lbs., standard gauge. V. 74, p. 1139.
THIRD AVENUE RAILROAD -Underground trolley.
-Both the New York City By. and the
4eceivers1lip of Lessee Company.
Metrop. St. Ity. were In Sept. 1907 placed in the hands of receivers,and
Judge Lacombe in the U. S. Circuit Court ordered that the dividend due
Oct. 31 1007 on Third Ave. RR.stock be withheld for the time being. See
remarks under New York City By. Various protective committees have
been formed. See V. 85, p. 865 1340, 1519, 1647.
-On Jan. 6 1008 Judge Lacombe of the U. S. Circuit
Separate Receiver.
Court appointed Frederick W. Whitridge of 59 Wall St. New York, sepaYork, new trustee
rate receiver on application of Central Trust Co. of New'
of 1st consol. mtge. Interest due Jan. 1 1908 on the $5,000,000 1st mtge.
5s and also on the 1st consol. mtge. was defaulted. Kuhn, Loeb & Co.
purchased the coupons from the latter bonds and William A. Read & Co
offered to purchase the coupons from the 1st mtge. bonds. V. 85, p. 1647;
V. 86. p. 481.
-Chartered Oct. 8 1853. A cable road from Dec. 5
ORGANIZATION.
1893, but in 1809 changed to underground trolley. In Jan. 1900 the electric
between 125th and 162d streets was completed. Owns practically all
line
the stock of the following: Union By., Dry Dock East B'way 6: Battery'
42d Street Manhattanville & St. Nicholas Ave., Yonkers RR., Westchester
Electric, Tarrytown White Plains & Mamaroneck, Southern Boulevard and
Kingsbridge By.
A traffic agreement went into effect April 20 1800 between the Manhattan
Elevated and the Third Avenue RR. system (comprising the Third Avenue
RR., the Dry Dock East Broadway /6 Battery, the 42d Street Manhattan
vine Se St. Nicholas Avenue RR. and the Union By. lines), providing for an
,
extensive 5 oheme of transfers at crosstown 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 journey 8 cents. For the latter
sum a passenger can thus ride from the City Hall and South Ferry to
Yonkers, New Rochelle, Mount Vernon and Larchmont. V. 68, p 672,
872. This contract expired April 1004 but was renewed for a year. Was
again renewed later, subject to termination on ninety days' notice by either
company. Sept. 1 1904 the Union By. began operating express trolley
passenger service between Bronx Park station of the Manhattan Elevated By. and New Rochelle and Mount Vernon. V. 79, p. 903
Owing to failure of negotiations for a new loan to take care of the large
floating debt. the Third Avenue RR. was on Feb. 28 1000 placed in the
hands of Hugh J. Grant as receiver. On March 19 1900 it was announced
that the Metropolitan Street Ry. had purchased control of the road in the
open market (at an average price, it is understood, of 80) 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 mortgage described below, and on
May 24 the property was restored to the company, passine into the posses
sion of the Metropolitan Street Railway Co. as owners. Kuhn, Loeb & Co
•
offered a block of the bonds for sale in Dec. 1000. V. 71, p. 1168.
1.ectse.-On April 13 1000 the Metropolitan Street By. Co. took a lease o,
the property for 999 years. For the first four years Third Avenue stock
was to receive only the net income above expenses and fixed charges; the
next two years 5%; the succeeding four years 6%; thereafter 7%. First
dividend under the lease (1 X %) was paid on July 30 1004 and dividends
regularly paid up to Oct. 1907, when default occurred. None paid since.
Of the $15,995,800 stock, $7,880,000 altogether was held by the New York
City By. and the Metropolitan Securities Co.; no information as to amount
now held.
Interest, Outstanding. Last div.,646c
Date.
STOCK AND BONDSSee text
Q-F
$15,995,800
Stock, $40,000,000 ($100)
5.000,000 July 1 1937
5 g J-J
mortgage, gold ($1,000) _ _ 1887
1st
37,560,000 Jan 1 2000
4 g J-J
1st consol M,gold, c* ($1.000,1 1900
c&r1Central Trust Co., New York. rruqtee.
&c.), 850,000,000
(Guar. prin. and int., by end. by Met. St. By.
-The remaining $12,440,000 is reserved to take up the following
Bonds.
prior liens, which the company has bound itself to pay off at or before
maturity without extension. V. 78, p. 1549. The bonds were listed on
the New York Stock Exchange in March 1901. See V.70, p. 1050, 1121.
The Morton Trust Co. was trustee under the first consolidated mortgage, but
resigned in Nov. 1907, and was later replaced by the Central Trust Co.
V. 85, p. 1402; V. 86, p. 53.
Authorized. Outstanding.
Name of company and loan$5,000,000
$5,000,000
Third Avenue RR. Co. 1st mortgage
2,000,000
2,000,000
Union Ry. 1st mortgage
1,200,000
42d St. Manhattan & St. Nicholas Ave. By. 1st M 1,200,000
140,000
1,600,000
mortgage incomes
do 2d
950,000
Dry Dock East B'way & Battery RR. 1st mtg.._ 1,000,000
1,100,000
1,200,000
do Certificates of indebtedness
1,000,000
1,000,000
Yonkers RR. Co. 1st mortgage
500,000
500,000
Westchester Electric RR. 1st mortgage
300,000
300,000
Tarrytown White Plains & Mam'neck By. 1st M.
250,000
250,000
Southern Boulevard RR. 1st mortgage
Total

$14,050,000

$12,440,000

73

-Horse and electric road.
(1) Dry Dock East Broadway & Battery.
It ECEIVERSH IP.-Feb. 1 1908, Judge Lacombe appointed Frederick
W. Whitridge, already receiver of Third Avenue RR., receiver of this company. Interest due Feb. 1 1908 on the $1,100,000 certificates of Indebtedness was not paid. V. 86, p. 337.
ORGANIZATION.
-Incorporated Dec. 8 1863. Control obtained by
Third Ave. RR. Aug. 23 1897 (V. 65, p. 194), which owns $1,196,900 of the
stock, $1,179,000 of which is pledged for the 50 million dollars Third Avenue
mortgage. In Jan 1906 began operating Grand St. line by electricity.
Maturity.
Par,
Interest. Outstanding,
STOCK AND BONDSSee text
$1,200,000
6 Q-F
$100
Stock, $1,200,000
950,000 Dec 1 1932
0
5 g J-D
General mortgage, gold, 1892{1, 00
Farmers' Loan & Trust Co., Trustee.
1,100,000 Feb 1 1914
100
5 F-A
Cert. of debt not subj. to call
1,959,2(12
Notes payable Peb. 1 1908
miles of track, 117 cars, 5 sweepers and 4 snow plows.
-17.58
ROAD.
-Since 1891, for fiscal year ending June 30: 1891-92, 5%
DIVIDENDS.
1892-93, 6%; 1893-94 2 X %; 1894-95, 4 X %; 1895, Aug., 1 X %; Nov..
1 X %; in 1896, 8%; in 1897, Feb., 1 X %; in 1898, 8%. in 1899, May (Feb•
div. was passed). 1 %; none since paid.
-See report of New York City Railway.
ANNUAL REPORT.
-V. 65, p. 194, 568; V. 67. p. 952; V. 86. p. 337.
INDEX.
-A horse
(2) Forty-second St. Manhattan ville & St. Nicholas Ave. R y.
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.
-On Feb. 1 1908 Judge Lacombe in the United States
New Receivership.
Circuit Court appointed Frederick W. Whitridge, already receiver of the
Third Avenue RR., receiver of this company. V. 86, p. 337.
-Chartered Aug. 29 1878. In Nov. 1895 control
ORGANIZATION.
was purchased by the Third Avenue RR. See V. 61, p. 026.
In Dec. 1809 began to use underground electric system from Fort Lee
Ferry to the Boulevard, thence to Fifty-ninth Street.
Of the stock $2,469,800 is pledged as security for the 50-million Third
&ye. mtg.; of the 81,500,000 2d mtg. Incomes, $743,000 are owned by the
Third Ave. RR., of which $357,000 deposited under the Third Ave. mtg.
-See V.80, p. 1424; V. 82,p.333.
Litigation as to Interest on Income Bonds.
Maturity.
Interest. Outstanding.
Par.
STOCK AND BONDS$2,500,000
$100
Stock authorized, $2,500,000.
1,200,000 Mch 1 1910
6 81-S
j1,000
1st mtg, gold, 1880
Interest at Union Trust, N. Y. City,Trustee
2d mtg Inc 6s, 1885, $1,- 11,000 % as earned 1,600,000 Jan 1 1915
Union Trust Co., N. Y., Trustee.
600,000
See text
100,000
5%
Real estate mortgage
6,291,754
Loans payable June 30 1906_
Bonds.
-The real estate mortgage Is all owned by the Third Ave. RR.
-24.56 miles of track, 148 cars, 2 snow plows and 2 sweepers.
ROAD.
-See report of New York City Railway. V. 80.
ANNUAL REPORT.
p. 1424; V. 82, p. 333- V. 86, p. 337.
-A trolley road
(3) Union Railway of New York.
-A temporary receiver was in Jan.
Receiver far Subsidiary Companies.
1908 appointed by supreme Court Justice Isaac N. Mills in White Plains
for the Westchester Electric Ry., the Tarrytown White Plains & Mamaroneck RR. and the Yonkers RR. V. 86, p. 230.
-Organized under Chapter 340 of the Laws of 1892,
ORGANIZATION.
giving authority to consolidate the Harlem Bridge Morrisania & Fordham
By., the Melrose & West Morrisania RR. and the North Third Ave. & Fleetwood Park RR. Validity of consolidation affirmed by Court of Appeals
Jan. 9 1000. V. 70, p. 77. Operates from 129th St. and 3d Ave. through
the Borough of the Bronx, and with subsidiary lines continuing thence to
and through Mt. Vernon.
In Dec. 1899 accepted the terms proposed by Board of Estimate for the
Kingsbridge RR. franchise, which are 4% of gross receipts for the first 5
years, 8% for the second, 8% for the third and 10% thereafter. The franchise is for 25 years, with privilege of renewal under certain conditions for
another 25 years. At the end of the term the city acquires the property,
paying for it in accordance with definitely prescribed rules for fixing its
value. V. 69, p. 1248. Work on this line was begun in July 1901 and
completed In 1902. Runs from Amsterdam Ave. and 162d St. to Broadway
and 221st Street, making 3.125 miles additional.
Par.
Interest. Outstanding. Last div., ctc
STOCK AND BONDS$2,000,000
$100
Stock
2,000.000 Aug. 1 1942
1,000 5 g F-A
1802, gold
1st mort.,
jInt. is payable at Cent. Trust Co., N. Y. City
Notes payable June 30 1906, $6,272,502.
Guaranteed LoansJuly 1943
500,000
1,000 5 g J-J
Westch. 1st M., gu., p. & 1.
Mercantile Tr. Co., N. Y., Trustee.
gold, 1893
j
250,000 July • 1 1945
5 g J-J
Southern Boulevard RR. lst.l
Central Trust Co., N. Y., Trustee.
gold, 1895
J
-Main line and branches, Including second track, 83.54 miles.
ROAD.
-See report of N. Y. City By. V. 70, p. 77, 481.
ANNUAL REPORT.
(4) Tarrytown White Plains & Mamaroneck (Electric) Ry.-A trolley
toad.
-On Jan. 21 1908 Supreme Court Justice Isaac N. Mills
Receivership.
appointed J. Addison Young of New Rochelle temporary receiver. V. 86
p. 230.
-Successor in 1898 to the New York Elmsford le
ORGANIZATION.
White Plains By. On April 18 1899 Third Ave. RR. purchased all the
stock. V. 68, p. 674.
Road extends from Tarrytown station on the N. Y. C. le H. R. RR., to
Mamaroneck, on the Sound, and from White Plains Station on the Harlem
RR. to Silver Lake Park, a total of 21.05 miles. The company carries
freight as well as passengers.
Interest. Outstanding. Maturity.
Date.
STOCK AND BONDS0
0
$33000,.0000
Stock $300,000 (par 825)
0 Mar. 1 1928
5 gM&S
mortgage $300,000, g.1 1898
1st
j Knickerbocker Trust Co., N. Y.,Trustee.
($1,000) guar. p. del
329,630
Bills payable June 30 1906
The bonds are guaranteed, principal and interest, by endorsement, by the
Union Railway Co. For form of guaranty see V. 74, p. 381.
-See report of New York City By. V. 74, p. 381:
ANNUAL REPORT.
V. 86, p. 230.
-A trolley road.
(5) Yonkers Railroad.
-On Jan. 20 1908 Supreme Court Justice Isaac N. Mills
Receivership.
made Leslie Sutherland of Yonkers temporary receiver. V. 86, p. 230
-The Union Ry. guarantees the $1,000,000 bonds.
ORGANIZATION.
p. and I., this guaranty being accepted by the Third Ave. RR. V. 67.
p. 635.
Interest. Outstanding, Maturity.
Date.
STOCK AND BONDS$1,000,000
Stock $1,000,000 ($100) _
1,000,000 Apr. 1 1946
5 A-0
1896
1st mtge. gold, $1,000,000,1
J Manhattan Trust Co., N. Y., Trustee.
guaranteed
973,150
payable June 30 1906_
Bills
-Owns 26.06 miles of track.
ROAD.
ANNUAL REPORT.-See:report under New York City Ry.-V.71,p. 30;
V. 86, p. 230.
-A trolley road.
(6) Bronx Traction Co.
-Incorporated on May 12 1904, and Is a consolidation
ORGANIZATION.
companies. See V. 78, p. 2333.
of several small
Interest. Outstanding. Maturilit.
Date.
STOCK AND BONDS$58,100
Stock $585,000 ($1OO) _
-Operates 6.9 miles of road and 12.77 miles of track from Bronx
ROAD.
River by West Farms Road to Westchester Village; from Bronx River by
Street,
Southern Westchester Turnpike to Westchester Village; from MainRoad to
Westchester Village to Eastern Boulevard, and from West Farms
Bleecker Street. Standard gauge; 1_09-lb. rails.
OFFICERS.-Pres., Edward A. Maher; Sec. and Treas., Reune Martin;
Supt., Jas. Carrigan. V. 78, p. 2333.

*$1,360/100 already pledged aspart security for the Third Ave.RR.48 and
$100,000 held as collateral for advances are here deducted;of the $1,360.000,
$357,000 was owned at the time of the making of the mortgage, and the
other $1 03,000 has since been acquired by the issue of a like amount of
the Third Ave. 4s.
The new bonds are guaranteed by the Metropolitan Street By. (for form
of guaranty see V. 72, p. 776) and are secured by the pledge of the following
stocks and bonds (For receiver's statement of properties covered by
mortgage, see V. 85, p. 1642.)
Pledged.
Issued.
Name of company.
$2,000,000 $2,000,000
Un on Rai way Co. of New York City stock
2,469,800
2,500,000
Nich. Ave. By. stock
42d St. Manh'nville & St.
1,360,000
1,500,000
2d mortgage Incomes
Do
1,179,000
1,200,000
Dry Dock East Broadway & Battery RR.stock_ _
8,600
8,600
Kingsbridge By. Co. stock
001,400
Subscription for balance of $1,000,000 stock
092,500
1,000,000
RR. Co. stock
Yonkers
500,000
500,000
Westchester Electric RR. Co. stock
248,300
250,000
Southern Boulevard RR. Co. stock
300,000
300,000
Plains 66 Mamaroneck By. stock
Tarryt'n White
The Metropolitan Co is to be entitled to vote on the foregoing and to receive the Income from the same so long as the new bonds are not in default.
See particulars In V. 70. p. 1050.
There arc other mortgages outstanding for $50,000.
Miles.
Miles.
ROAD-Owned.
City Hall via 3d Av. to 130th St. 7.03 42d St. Man. & St. Niel:. Ave_ 24.81
71.10
North River to 125th St., E.R. 2.50 Union Railway
25.13
Westchester Electric
10th Av., 125th St., to Fort
26.06
3.75 Yonkers RR
George
7.00
13.28 Southern Boulevard
Second track
0.68 Tarrytown White Plains &
Sidings
18.00
Mamaroneck
27.24
Total track
187.97
Total controlled track
Controlled but operated separately-track miles.
215.21
Dry Dock E. B. & Bat. Ry_ _ _ _14.97 Grand total track
REPORT. See report of receivers of New York City By. Co. and MetroBy. Co In V. 85, p. 1642.
politan Street
Gross Earnings of Third Avenue RR. for Years ending June 30:
1806 __$2,628,628 1 1899 _ _$2,176,91111902 _ _$2,275,176 1905 __$2,251,057
1897 _ 2,590,474 1900.. 2,139,834 1903__ 2,212,653 1006 __ 2,259,037
1808_ 2,510,361 1901 _ 2,222,490 1904 _ 2,217,417 1907.... 2,098,706
In giving these! gures It is pointed out by the receivers that while in 1897
the total number of passengers carried was 61,727,915, only 9,918,435 represented passengers carried on free transfers, but that in 1907, out of 59,196,NEW YORK CITY INTERBOROUGH RY.-A trolley road.
174 carried, 16,344,087 were free transfers.
-Incorporated in New York on March 24 1902, in
-P., D. B. Hasbrouck; Sec. and
ORGANIZATION.
OFFICERS.-Pres., H. II. Vreeland; V.
the interests of the Interborough Rapid Transit Co., to build an extensive
Treas., John Beaver.
the subway and elevated lines in the Bronx. and to
1249; V. 85, p. 100, 532, 865, 022, 1144, 1340, 1402, system of feeders for connections across the Harlem River bridges.
-V.84. p.
INDEX.
afford street railway
1519, 1642, 1647; V. 86, p. 53, 100, 170, 230, 338, 481.




74

STREET RAILWAYS.

(Vol- Lxxxvi.

Light House

port News
zy Ave.Pler

Neto7iDr<letus Pt.

"
A

9

Battle between Ittikto
lonitor

.
0. and Merrimac, Mitre

1862

JAM ESTOWN
EXPOSITION
19O7-

Sewall Point
Terhiinal

Tars
Tanner's
Point

We

Norfolk

ATI-AN TIC

Bruce

Pea Ridge

MAP SHOWING

RAILWAY AND FERRY LINES
OF THE

NORFOLK & PORTSMOUTH
TRACTION COMPANY.




Railway

Ferry

A

FEB., 1908.1

STREET RAILWAYS

75

NEWTOWN, PA.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
$5,000,000
-A trolley road.
Stock, $5,000,000 ($100)
BUCKS COUNTY ELECTRIC R Y.
1928
None
4 g M-N
$5,000,000,1 1905
1st mortgage,
-Organized in Pennsylvania Feb. 1908 as a consoliORGANIZATION.
f Int. at U.S. Mort. & Tr. Co., N. Y., Trustee. dation of the Newtown Railway Co. and the Newtown Langhom & Bristol
sinking fund, gold
-Operates 5 miles of track from Broadway and 181st St. across (Trolley) Street Railway Co.
ROAD.
Interest. Outstanding. Maturity
STOCK AND BONDS.- Date.
Washington Bridge, and along Aqueduct Ave., Fordham Road, 189th St..
$400,000
Southern Boulevard and 180th St., to Third Ave., put in operation May 31 Common $400,000 ($50)
100,000
1908. Possesses franchises for about 20 miles of additional track which is Pref. $100,000 ($50) non-cum
1937
500,000
5 g M-N
under construction. (About 11 miles of this has been completed.) See 1st mtge $500,000 ($1,000)1 1908
exgold red 105 and int__ __c*f Int. at Nor. Trust Co., Phila.. Trustee.
description of road in V. 82, p. 1269, 889. Three-cent transfers are and
road
-Operates 30 miles between Bristol and Doylestown, Pa.
ROAD.
changed with the Subway system and the Manhattan Elevated
-P., W. Fred'k Snyder; Sec., J. L.
OFFICERS.-Pres., Frank Battles; V.
free transfers are exchanged with the lines of the Union Railway.
-V. 85, p. 1401:
OFFICERS.-Pres.. Alfred Skitt; Vice-Pres. Andrew Freedman; See. Richter; Trans., H. H. Harrison; Mgr.. W. H. Janney.
V. 86, p. 51.
Fisher; Treas., D. %V. McWilliams. V. 82, p. 869, 1269.
H. M.
NEW YORK WESTCHESTER & BOSTON RY.-To be a third-rail road.
NIAGARA FALLS, N. Y.
ORGANIZATION.
-Incorporated on March 20 1872 and in 1875 went
NIAGARA GORGE FW.-Electric.
into the hands of a receiver, where It continued until Dec. 1903, when new
N.
-Incorporated in New York June 3 1899 as successor
franchise to operate to ORGANIZATIO do Lewiston, sold at receiver's sale May 23 1899. ExInterests succeeded to control. See V.78, p. 343. The
the Niagara Falls
in New York City was signed by Mayor McClellan on Aug. 2 1904. V. 79, tends from Onondaga St., Lewiston, along the bank of the Niagara River
p. 628. Capital stock (for nearly $1,000,000) was increased on July 26 1904 to the city of Niagara Falls. Was formally opened July 1 1899. Also conto $20,000,090. V. 79, p. 270. In Nov. 1904 Railroad Commissioners trols the franchises of the Niagara Falls Tower Co., the Buttery Whirlpool
approved the Increase of stock and the making of the new $20,000,000 Rapids Co., the Niagara Rapids View Co. and the Niagara Whirlpool
mortgage. There has been considerable litigation between this road and Rapids Elevator Co. Has agreement with the Niagara Falls Park &
the New York & Port Chester RR.,a rival project, and on Jan. 10 1908 the River By Co. allowing cars of the Gorge road to run over that company's
Appellate Division of the New York Supreme Court, First Department, lines across the arch and Suspension bridges to Table Rock and Dufferin's
Chester
affirmed decision of lower court restraining the New York & Port Boston. Island. Leases the Lewiston & Youngstown Frontier RR. and in 1907 acfrom using part of the located line of the New York Westchester &
quired a majority of the stock of that line.
Railroad Commissioners granted the New
Interest. Outstanding. Maturity.
V. 88, p. 169. In Dec. 1906 the
STOCK AND BONDS- Date.
$1,0 _
York & Port Chester permission to Increase Its stock to $20,000,000 and to Stock
$1,000,000 ($100)See text. June 1 1925
5 g J-D
make a mortgage for $20,000,000. See V. 84, p. 52.
1st 11,1 1895
Niag Falls & Lewiston
-In Jan. 1908 Pres. Mellen of the New York
Control by the New Haven.
$1,000,000 ($1,000) __c•JInt. at Knick. Trust Co., N. Y., Trustee.
City Board or
New Haven & Hartford RR., in a letter to the New York
-The Niagara Falls & Lewiston when sold at foreclosure,was sold
Bonds'.
Estimate, stated that his company owned all the stock of the Milibrook subject to the $1,000,000 mortgage above. These bonds are owned by the
Co. (capital $100,000) incorporated in New York Nov. 5 1906, and that company and hypothecated as collateral for $775,000 loans payable.
(91,581
the latter owns all the stock of the New York & Port Chester RR.
-Owns 14.7 miles of track from Niagara Falls to Lewiston, and
ROAD.
Westshares), which in turn owns a majority of the stock of the New Yorka road leases Lewiston & Youngstown Frontier, 8.7 miles, trackage rights, 2 miles;
chester & Boston Ry. V. 86, p. 108. Mr. Mellen also stated that
total operated 25.43 miles; 33 passenger cars,4 service cars and 1 snow-plow.
will be constructed from Harlem River to Port Chester by the best available
EARNINGS -For year ending June 30 1906, gross, $141,913; net,
route, whether the route already laid down be the New York & Port Chester $60,182; charges, 951,633; surplus, $17,549.
RR, or the New York Westchester & Boston Ry. or the New York New
-P.. Herbert P. Bissell; Sec., Rob OFFICERS.-Pres., Jos. T.Jones; V.
-V.68.
Haven & Hartford RR. Construction will be started as soon as pending ert E. Powers; Treas. and Gen. Mgr., Bert L. Jones, all of Buffalo.
litigation is settled and money conditions are favorable.
p. 332, 1077, 1133; V. 84, p. 888.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
(1) Lewiston & Youngstown Frontier RR.
$19,000,000
Stock, $20,000.000 ($100) _
15,000,000 Oct 1 1954
5 g A-0
-Chartered Aug. 1895. Owns from Lewiston to
ORGANIZATION.
1st mortgage, $20,000,000,1 1904
Of Knickerbocker Trust Co., N. Y., Trustee. Youngstown, 7.3 miles; completed in Aug. 1896; branch to Rumsey Park,
gold ($1,000)
-Will be subject to call on or after Oct. 1 1909 at 110 and interest. 1 mile; sidings, .2 miles; trackage, .2 miles; total, 8.7 miles.
Bonds.
Is leased by the Niagara Gorge RR., which also owns a majority of Its
-Is to build a line of four tracks 22.22 miles in length from 138th
ROAD.
St., New York City, to Portchester, with a branch from Pelham via Mount capital stock.
Interest. Outstanding. Maturity.
Date.
STOCK AND BONDSVernon and Scarsdale to White Plains, 13.21 m., and a branch of 8.08 m. to
$134,000
Clason's Point and Throgg s Neck, making (with four and three tracks) a Stock,$150,000 ($100)
134,000 June 1 1926
6 g J-D
total of 108.03 miles of track. Will be operated by the third-rail system and First mortgage, $150,000,1 1896
en Int. at Buffalo L., T. & S. D. Co.. Buff., Tr.
have fenced-in private right of way with no grade crossings. 90-lb. rail.
($1,000), gold
see V. 79, p. 501. Construction began
For full description of proposed road,
•on June 3 1005. V. 80, p. 2458. Part of the grading has been completed
NORFOLK, VA.
and several bridges erected. See V. 83, p. 070, 1201.-V. 83, p. 818, 970,
-Has been absorbed by Norfolk & SouthCHESAPEAKE TRANSIT CO.
1291; V. 84, p. 1183: V. 85, p. 794; 1144; V. 89, p. 100, 189.
ern. See latter in "Railway and Industrial Section."
-MOHAWK VALLEY CO.
-(See
-A trolley road.
NORFOLK & PORTSMOUTH TRACTION CO.
-Incorporated in New York in 1005 as a holding map on page 74).
ORGANIZATION.
$12,000,000 of the stock
company for the N. Y. Central-Andrews syndicate,
-Incorporated under Act of the General Assembly
ORGANIZATION.
being owned by the N. Y. Central & Hudson River RR. and $8,000,000 by of Virginia, approved Feb. 20 1900, and March 29 1902, as the Norfolk
from
the Andrews-Stanley syndicate of Cleveland. Stock was increased
Portsmouth & Newport News Co.. and was formed by consolidation of the
$10,000,000 to $20,000,000 in July 1908. V. 83, p. 156. Owns a majority Port Norfolk Electric Railway Co., the Portsmouth & Smithfield Railroad
the stock controlling the following companies: the acquisition of the Co. and the Portsmouth Pig's Point .56 Newport News Ry., Ferry & Hotel
of
negotiations are under way for
• It is reported that
Co. By agreement of merger and consolidation which became effective
International Traetion Co. of Buffalo. V. 88, p. 421.
April 23 1906, the Berkeley Street Railway Co. and the Old Dominion RailRochester Electric Ry.
Canandaigua Gas Light Co.
way Co. were merged into the Norfolk Portsmouth & Newport
Rochester & Sodus Bay RR.
Co.
Despatch Heat, Light & Power
News Co., and the corporate existence of the last-named company was conRochester Railway Co.
Eastern Monroe El. Lt. & Gas Co.
ttnued, and its name changed to Norfolk & Portsmouth Traction Co., under
Rochester & Eastern Rapid By.
Oneida Railway Co.
Which name it became vested, with all the charter powers,property and
By.
Rochester & Suburban
Oneida Construction Co.
franchises of the three merging companies. This company has also acSyracuse Rapid Transit By. Co.
Ontario Light & Traction Co.
quired tile Suffolk Light dc Ice Co. and has leased the Norfolk Railway &
Utica & Mohawk Valley By.
Rochester Ry. & Light Co.
Light Co. for 99 years front June 1 1906, under terms given in that comIn addition to above also owns one-nalf of the $4,100,000 stock of the pany's statement below. It also owns the entire capital stock of the NorSchenectady By., the other half being owned by the Delaware & Hudson folk & Atlantic Terminal Co. with a mileage of 18.64 miles, and, excepting
the Ontario Power Co.
Co. Has a contract for a supply of power from
amount of each, the entire capital stock and bonds of the Norfolk &
See V. 82, p. 305. The West Shore RR.tracks between Utica and Syracuse a smallView Railway Co. (a reorganization of the Bay Shore Terminal Co.,
Ocean
have been electrified. V. 79, p. 271.
Incorporated In 1900), with a mileage of 19 miles. Controls by ownership
Date. Interest. Outstanding. Maturity. or lease the following properties : the ferries operating between Norfolk,
STOCK AND BONDS$20,000,000 Fb 15'07,2% Portsmouth and Berkeley, with six ferry-boats; the ferry to Newport
Stock, $20,000,000
News, with two steamboats; the ferry to Old Point Comfort, with two
Dividends.-DIvtdend of 2% paid Feb. 15 1907.
steamboats; the City Gas Co.. with unlimited franchises. Bonds are listed
Horace E. Andrews; Vice-Pres., W. K. Vanderbilt on the Philadelphia. Baltimore, Pittsburgh and Boston stock exchanges.
Treas., Edward L.
OFFICERS.-Pr Carstensen; Sec., D. W. Pardee;
Jr.; Vice-Pres., J. es'
street railways in Portsmouth expire in 1926,
-V.83, p. 158; V. 83, p. 402. Franchises for franchises in Norfolk expire in 1944. The
Rossiter; Counsel, W. N. Kernan; Gen. Aud., A. L. Linn Jr.
1927 and 1032. Street railway
V. 80, p. 421.
electric lighting franchise in Suffolk expires in 1916. At the time of the
merger-April 1908-the company was financed by Messrs. Chandler Bros.
& Co. of Philadelphia, John L. Williams & Sons, of Richmond, and Middendorf, Williams & Co. of Baltimore, by wnom seculitles are handled.
NEWBTJRGH, N. Y.
Interest. Outstanding. Maturity.
Date.
STOCK AND BONDS-Trolley.
$6,000,000
ORANGE COUNTY TRACTION CO.
Stock, $8,000,000 ($100)4,800,000 June 1 1936
5 g J-D
control changed hands and new officers elected as below. First mortgage, $8,000,000,1 1906
In Sept. 1006
Int. at Trust Co. of North Am., Phila., Trus
c•
gold ($1,000)
V. 83, p. 688.
500,000 Mar. 1 ,1929
5
Oct. 16 1001 and acquired the Newburgh Norfolk & Atlantic Ter.lst M.J 1899 at g M-S Brown & Sons, Baltimore.
-Organized
ORGANIZATION.
Alex.
llnterest
$500,000, gold
Electric Ry. Co., sold under foreclosure. Under the reorganization no
companies have been
-All underlying liens of the subsidiary
Bonds.
dividends were to be paid on the shares for three years, all surplus earnings retired with the exception of the $500,000 bonds of the Norfolk & Atlantic
to be used for betterments and additions. The Newburgh Electric 1st Terminal Co. The 33,200,000 unissued of the new bonds may be issued for
mortgage bondholders and the Walden & Orange Lake RR. and the New- acquisitions,extensions and improvements,but not over $500,000 in any one
burgh & Orange Lake RR. agreed to a reduction in their interest from 6% year. A sinking fund of
% per annum of outstanding bonds commences
to 5%. See V. 73, p. 138. In May 1904 State Railroad Commission on June 18 1918 which is to be invested in the bonds. Are subject to call
granted permission to make a new mtge. for $100,000 for improvevients. at 110 and interest on any interest date upon 60 days' notice.
Interest. Outstanding. Maturity.
1905.
1908.
STOCK AND BONDS- Date.
-For calendar years:
REPORT.
$150,000
91,657,941 91,498,368
Stock, $150,000 ($25)
Gross earnings
175,000
1,046,225
927,689
Pt. $175,000 6% n-cuin ($25)Operating expenses
250,000 May 1 1944
5 g M-N
Newb Klee 1st M ($250,000).1 1894
9570,878
$611,716
gold ($500), not sub to calif Int. at Knick. Tr. Co., Trustee, N. Y. City.
Net earnings
June 1 1945
100,000
5 g J-D
18,702
3,341
Walden & Orange Lake lstl 1805
Deductions from Income
mtge, gold, guar p & I.__ Int. at Hamilton Trust Co. Brooklyn.
75,40 July 11044
5 g J-J
$551,978
$608,375
Newb & Orange Lake ist1 1804
Net income
434.691
'502,668
M, gold ($500). p ec i gu _el Int. at ICnick. Tr. Co., Trustee, N. Y. City. Fixed charges
Apr 1 1924
(?)
5 A-0
New mortgage, $100,000. g
25,000
$117,285
$105,707
-------Loans payable June 30 1006
Surplus
-Owns 18.55 miles of track, 31 passenger and 10 other cars.
ROAD.
-Operates about 159 miles of track (including Norfolk Railway
ROAD.
& Light Co.) in Norfolk. Portsmouth and Berkley, including a line from
-For the years ending June 30:
REPORT.
Bal.,sur Norfolk to Sewell's Point, where connection Is made by ferry to Newport
0th. inc. Int.,tax..&c.
Gross.
Net.
,
$31,423
$11,776 News and bas p,adeeted ext.- us). us ,t 20 1..1,a aututl nal. 1-ins 231 ears.
$377
$42,822
1905-08 -------$129,014
-P.,
30,132
4,958
460
OFFICERS.-Pres., R. Lancaster Williams, Baltimore; First V.
34,928
119,271
1904-05
Serpell; Sec., T. B. Gay; Treas.,
Second V.
-P., W. W Taggart; Treas., H. B. Frank 0. Briggs;NIgr , E. C. -P.. G. M.
s.. B. B. Odell Jr.; V.
OFFICERS.-Pre
-V.84, p. 103, 932.
Hathaway.
IV. .1. Kehl; Gen.
-V. 83. p. 688.
Odell; Sec., W. Johnston McKay.
(1) Norfolk Railway & Li gh t
-Was leased on June 1 1906 to Norfolk & Portsmouth Traction Co.
Lease.
"Inv
for 99 years, lessee to pay as rental (in addition to all fixed charges) on
June 1 1908, Dec. 1 1906 and June 1 1907, 916,500 on each date; Dec. 1
NEWPORT, R. I.
1907 and June 1 1908, $24,750 on each date; Dec. 1908, June 1909, Dec.
-Trolley.
1909 and June 1910. 333,000 on each date: Dec. 1910, June 1911, Dec. 1911
NEWPORT & PROVIDENCE RY. CO.
and June 1912, $41,250 on each date: Dec. 1912 and thereafter. $49,500
ORGANIZATION.-Incorporated in 1902.
Interest. Outstanding. Maturity. on cash June 1 and Dec. 1. V.82, p. 1323.
STOCK AND BONDS- Date.
-Incorporated in Virginia on Nov. 2 1899 as a conORGANIZATION.
$300,000
Common, $300,000 ($1))0)
solidation of the following: Norfolk Street RR., Norfolk & Ocean View By.,
200,000
Pref. cum, $200,000 ($100)
Co. and the Berkeley Light & Power Co. Owns entire
1925
Virginia Electric
425,000
5g
c•
1st mortgage, gold
stock of the Norfolk Light Heat & Power Co. Street railway franchises
-Are subject to call In 1910.
Bonds.
expire In 1944. except a small portion of mileage in Norfolk. which expires in
-For year ending June 30 1007, gross, $64,179; net, $19,- 1934. Electric light franchise expires in 1930. The company controls the
EARNINGS.
291; interest and taxes, $21,890; deficit, $2,499.
street railway, electric lighting and power business of the city of Norfolk
also owns
-Operates 12 miles of track (completed In 1904) from Newport and owns a line of railway and steamers to Old Point Comfort;of Norfolk;
ROAD.
to Bristol Ferry, where connection is made by ferry to Providence; 70 4,011 shares out of 5,000 shares of the stock of the City Gas Co.
793 shares more are owned by the Norfolk & Portsmouth Traction Co.
90-lb. T and girder rail.
and
the Berkeley Gas Co. V. 79,
-P., Melville Bull: Sec., Geo. A. On Aug. 30 1904 the City Gas Co. purchasedStock Exchange.
OFFICERS.-Pres., E. A. Brown; V.
p. 968. Stock is listed on the Philadelphia
-V.78, p. 2519.
Weaver; Treas., Geo, E. Macomber; Mgr., J. M. Towle.




76

STREET RAILWAYS.

STOCK AND BONDSDate.
Interest. Outstanding. Maturity.
Stock, $1,650,000 ($25)$1,650,000 Dec'07,134 %
Norfolk City first mortgage,j 1888
6 g J-J
125,000 Dec'07,1 %
gold ($1,000)
cljnt. at Mercantile Tr. Co., N. Y.City, Trust.
Virginia Electric Co first mtgeJ 1898
5 A-0
20,000 April 1 1928
$500,000, gold ($1,000)_ _ Int. at U.S. Mt e. & Tr. Co., N. Y., Trustee.
Norfolk Street first cons mtge, 1898
5 g J-J
915,000 Jan. 1 1944
$1,000,000 gold ($1,000) _c Int. at Mere. Tr. & Dep. Co., Bait., Trustee.
Norfolk Ry & Lt first cons M 1899
5 g M-N
2,940,000 Nov. 1 1949
*4 000 000 g($1,000) s f__c• Int. at International Tr. Co., Baltimore, Tr.
__
Car equipment certificate
5
22,500
See text.
-01 the new first consolidated mortgage, $1,060,000 is reserved
Bonds.
to retire outstanding bonds. Sinking fund begins Nov. 1 1909, and provides
for the purchase of 1% of outstanding bonds each year at 110 or less. See
V. 70, p. 584. The car equipment certificates mature $2,500 annually to
June 1 1915.
ROAD AND EQUIPMENT.
-Owns 54.69 miles of track. Gauge, 5 ft.
2% In. and 4 ft. 8M
60 to 90-lb. rails; 78 (motor) passenger cars, 14
trailers, 23 freight cars, 3 other cars, 1 power statioll; also owns 2 steamers,
in.•.
which operate to Old Point Comfort,and extensive real estate and buildings
at Ocean View, including large hotel, theatre, pavilion, restaurant, &c.,
which are leased for the season for $12,000.
OFFICERS.-Pres., R. Lancaster Williams; 1st V.
-P. and Gen. Mgr.,
E. C. Hathaway; 2d V.
-P., F. 0. Briggs; Sec. and Treas., W. J. Kehl.
V. 81, p. 508; V. 82, p. 752, 1041, 1323.

[VOL. Lxxxvi.

EARNINGS.
-For year ending Sept. 30 1907: Gross, $180012; net,
*55,773; interest and taxes, $40,035; dividends (2%), $9,948; surplus,
$5,790.
ROAD.
-Owns and operates 47.304 miles of track between Miller's Falls,
Turner's Falls, Greenfield, Northampton and Amherst. 41 passenger cars;
5 snow-plows and 126 electric motors.
F. E. Pierce; Sec. and Treas., D. P. Abercrombie
OFFICERS.-Pres.. -V.82, p. 48; V.83, p. 969, 1037; V.84,p. 1182.
Jr.; Supt.,J. A. Taggart.

NORWALK, OHIO.

SANDUSKY NORWALK & MANSFIELD ELECTRIC RY -A trolley
road.
ORGANIZATION.
-Private right of way except in cities where franchises tun 25 years from 1904. Has contract for supply of power with
Lake Shore Electric By.
SPOOK AND BONDSDate,
Interest. Outstanding.Maturity.
Common
Preferred, non-cumulative
240,000
First mortgage, $600,000,1 1904
5 J-D
600,000 June 1 1924
gold
fInt.at SecurItySav.Bk.asTr.Co.goledo,Trus.
Bonds.
-Redeemable on any int. day on 90 days' notice at 110 and Int.
Sinking fund $5,000 per annum June 1 1909 to 1913 inclusive; 1914 to 1918.
inclusive, *10,000; 1919 to 1923, inclusive, $20,000.
ROAD.
-Operates 25 miles of track from Norwalk through towns of
North Fairfield, Steuben, Chicago Junction and New Haven to Plymouth.
Road Is being extended to Shelby, where connection will be made with the
NEWPORT NEWS & OLD POINT RAILWAY & ELECTRIC.
ORGANIZATION.
-In 1898 purchased the Newport News Hampton & suburban lines of Mansfield. Standard gauge. 70-lb. T rail.
OFFICERS.-Pres., S. S. Burtsfieid.
Old Point Ry.and acquired the Chesapeake Light do Power Co. at Hampton,
EARNINGS.
-For 7 months and 18 days ending June 30 1907 gross,
Va. Later acquired the Citizens' Railway, Light de Power Co., the Newport
News Gas Co. and the Danville Railway & Electric Co. In Nov. 1905 *43,495; net, $10,516.
acquired entire capital stock of the Hampton Roads Traction Co., successor
to the Hampton Roads Railway & Electric Co., sold under foreclosure, and
NORWICH, CONN.
comprising 21 miles of track. Formerly also controlled the Norfolk & AtNORWICH & WESTERLY RY.-A trolley road.
lantic Terminal Co., but this property was sold in Nov. 1906 to the Norfolk
ORGANIZATION.
Fe Portsmouth Traction Co., which see above. Controls the electric lighting
-Incorporated in Connecticut and operates under
power and Ice business in Newport News, Hampton, Old Point and Phoebus. charters granted both by Connecticut and Rhode Island.
STOCK
Date.
Interest. Outstanding. Maturity.
Interest. Outstanding. Maturity. Common, AND BONDSSTOCK AND BONDSDate.
$450,000
*450,000
Common, $1,075,000 ($100)$1,075,000
167,800
Pref 5% cum ($100)
725,000 July 2 '02, 2 , % Preferred, $250,000
5 J-J
;
5
First mortgage, $750,0001 1906
750,000 Mch. 1 1936
5 g M-S
First mortgage, *666:6111 iioi
900,000 Nov. 1 1938
5 g M-N
gold ($1,000)
Int. at Thames Loan & Trust Co., Norwich,
gold ($1,000 each)
c* Interest at AlexBown Fe Sons, Ball., Md.
State Treasurer, Trustee.
First mtge Citizens Ry Lt de P 1900
5 g M-N
800.000 May 1 1940
Bonds.
-Subject
$800,000 ($1,000), gold_c*} Maryland Trust Co., Baltimore, Trustee. tee of mortgage is to call at any interest period at 115 and Interest. TrusState Treasurer.
Guaranteed prin and Int_- _)Interest at Alex. Brown Fo Sons, Baltimore.
ROAD.
-Operates 24.147 miles of track, including sidings, from NorGeneral mortgage, $4,000,-1 1901
5 g M-S
1,700,000 Mch. 1 1941 wich, Conn.,
000,gold ($1,000 each) c* Int. at Alex. Brown & Sons, Baltimore, Md., White Rock via Poquetanuck, Haliville, Shewville, North Stonington and
to Westetly, R. I. Private right of way except through
or at company's agency in New York.
towns. 70-lb. rails, 9 passenger cars, 1 baggage and 2 combination cars.
-The Maryland Trust Co., Baltimore, is trustee of both the mortBands.
OFFICERS.-Pres., Henty H. Gallup; Sec., Charles D. Noyes; Treas.,
gages of the Newport News de Old Point Railway & Electric. The Newport S. W. C. Jones; Supt., E. B. Johns. V. 82, p. 1497.
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 Railway & Electric Co. See V. 71, p. 84.
OAKLAND, CAL.
Of the $4,000,000 general mortgage bonds, $1,700,000 have been issued;
OAKLAND TRACTION COMPANY.
-Trolley.
$1,700,000 are reserved by the trustee to take up at maturity the outstandORGANIZATION.
ing bonds of the Newport News & Old Point Ry,and the Citizens' Railway, consolidation of the -Incorporated in California Nov. 8 1906 and is a
Light & Power Co. In addition to the mortgage lien, bonds are secured by Co. See V.83, p. Oakland Traction Consol. and the Berkeley Traction
1229. The Oakland Traction Consol. was a consolidation
a deposit of the bonds and stocks of the Citizens' Railway, Light & Power of the Oakland
Transit Consol. and the Webster Street Fc Park By. See V.
Co., Newport News Gas Co. and Danville Railway & Electric Co.
79, p. 1462. The Oakland Transit Consolidated was a consolidation on
-Including Citizens' Railway, Light & Power Co. and the Hamp- Mar. 29 1902 of
ROAD.
the
ton Roads Traction Co. (but exclusive of the Danville Railway do Electric) ward's Elec. By. Oakland Transit and the Oakland San Leandro Fe HayConsolidated. Controlled by "Realty Syndicate.
operates 35 miles of track.
Franchises expire from 1933 to 1942. Comprises practically all the street
OFFICERS.-Pres., Wm. J. Payne, Richmond; V.
-P., George A. railways doing business In Oakland, Alameda, Berkley and County of AlaSchmelz, Newport News; Sec., D. C. Zollickoffer, Richmond; Treas., H.L. meda. On April 27 1901 began using power furnished by the Bay Counties
Schmelz, Hampton; Gen. Mgr., W. W. Butler, Hampton; Aud.. F. von Power Co., which power is generated by the Yuba River and transmitted
S.
Schilling, Hampton.
-V. 77, p. 147, 824; V. 81, p.1551.
the 140 miles by copper cables.
sir
STOCK AND BONDSInterest. Outstanding. Maturity
Date.
Common,$10,875,000 ($100) $10,875,000
NORTH ATTLEBOROUGH, MASS.
Pref. 6% cum., $7,050,000,
7,050,000
_
INTER-STATE CONSOLIDATED STREET Rac$100
ORGANIZATION.-Organtzed as successor In Massachusetts to the Oak. Trac. Co. gen. con] 1907 5 g J-J18
2,500.000 Jan.18 1935
mtge., g., $12,000,000. Int. at Wells, Fargo-Nevada Nat. Elk., San
Inter-State Consolidated of Rhode Island.
Date,
Interest, Outstanding. Last Div.
sink. fund ($1,000)____c*
STOCK AND BONDSFran. Union Tr. Co., San Fran., Trustee.
Stock, $275,000 (par $100)$275,000 In '05-6,7% Gen. consolidated mtge., Oak) 1905
2,174,000 Jan. 2 1933
i
5g
Current liabilities Sept 30 '07_
129,631
Trac. Consol., $7,000.000 Int. at Wells Fargo Fe Co., Bank, N. Y. &
-Owns 21.580 miles trolley track and 1.200 mile sidings, &c.,
ROAD.
gold ($1,000)
c San Fran.; Union Tr. Co., San Fran., Trustee
from Main Street, Pawtucket, R. I., to North Attleborough and Plainville, 1st cons. M., $4,806,0001 1902
1,291,000 July 1 1932
5g
Mass., Hebronville, Dodgeville and Attleborough. Total operated, 22.780
Oakland
Transit Con., Union Trust Co., San Francisco, Trustee.
miles.
g., s. 1. ($1,000)
EARNINGS.
-For year ending Sept. 30 1907: Gross, $174,491; net, 1st con. s. f. M. Oak. Tran.{ 1901
1,600.000 July 1 1931
5 g J-4
$60,012; fixed charges, 315,760; surplus, *44,252.
$3,000,000 ($1,000). g-ce Mercantile Trust
San Fran., Trustee.
OFFICERS.-Pres., Marsden J. Perry, Providence, R. I, V.
Co.,
-P.. Benj.
Int. at Wells Fargo de Co., Bank, N. Y.& S.F
A. Jackson; Sec. and Treas., C. S. Sweetland: Gen, Mgr., A. T. Potter.
1,400,000 July 7 1918
6g
- 1st mtge.Oakland Transit Co .1 1898
V. 73, p. 236.
$1,400,000, g., s. f., not}Int. at Wells Fargo & Co., Bank, N.Y. and
sub. to call
c•J S. F. or atlCal. Safe Dep. de Tr. Co., Trust.
Bonds.
-01 the *12,000,000 bonds of 1907, $7,000,000 are reserved for
NORTHAMPTON, MASS.
prior liens. A sinking fund begins in 1907 which will retire about *7,000,' NORTHAMPTON STREET RAILWAY,
-A trolley road.
000 bonds by 1932. Of the $7,000,000 Oakland Traction consolidated
-Chartered Feb. 26 1873. In Feb. 1908 was granted mortgage, $4,826,000 are reserved to retire prior liens. A sinking fund
ORGANIZATION.
permission to Issue $175,000 additional stock at $110 Ira' share (par $100) begins In 1906 which will retire $6,000,000 bonds by July 1 1928. See V.
81, p. 668. Of the first consol. mortgage of 1902 of the Oakland Transit
to retire floatine debt. &c. V. 86, p. 481.
Consolidated, $3,500,000 are reserved for prior liens and the balance was pre
Date. Interest. Outstanding.
STOCK, BONDS, ecc.Divs., je.
Stock, $300,000 (par $100)- --_J-J
$300,000 f.p. Jan '08,3% viously reserved for extensions and improvements, but shareholders voted
First mortgage,not subject to 1888 5 A-0
23,000
April 1 1909 on June 17 1904 to cancel this portion of bonds. See V. 78, p. 2385. A
c Int, at Springf. S. D. 4c rr. Co., Spring.,Mass. sinking fund for these bonds commences In 1903 and ranges from $10,000 to
call ($500)
mortgage, $200.000 1900
New
4 J-D
200,000 June 1 1910 $250,000 per year, which will retire at maturity $4,000,000 bonds. Bonds
not subject to call, but may be purchased for sinking fund in open market.
c Int. at Third Nat. Bank, Pittsfield, Mass.
($10,000)
See V. 75, p. 135. Of the $3,000,000 first consols Oakland Transit, $1,400,Loans & bills payable Sept'07
215,000
Bonds.
-The new mortgage 43i % bonds could have been called at par in 000 reserved to retire underlying liens at maturity. A sinking fund com1905,.but not thereafter, upon 60 days' notice. Trustees are Erwin H. mences on these bonds in 1912 which will retire or provide for $2,000,000 of
the bonds on or before maturity. Interest on both consol. mortgages is payKennedy and Ralph B. Bardwell, both of Pittsfield.
Dividends.
-1901, 8%; in 1902, 8%; in 1903, 8 %; in 1904, 6%; in 1905, able at Wells, Fargo & Co. Bank in New York and San Francisco.
6%; on Dec. 27 1905, 3;-i %; in 1906, July, 35i %; in 1907, 7%; In 1908,
Interest, Outstanding. Maturity.
BONDSDate.
$250,000 Mar. 1 1922
Jan.. 3%.
Oak. San Leandro do Hay.3 1892
6 g M-S
ROAD.
-Operates 26.578 miles of track, including extension to Holyoke
El. By. 1stM. g. ($1,000)_ Int. at Wells Fargo & Co. Bank, N. Y.& S. F.
and extension from Mt. Tom Junction to Easthampton. Operates 44 23d Ave. El. By. 1st mort., 1893
6 g M-S 15 250,000 Mar. 11023
passenger cars, 4 snow-plows and 112 electric motors.
gold ($1,000)
Int. at Wells Fargo & Co., Bank, N.Y.& S.F.
ANNUAL REPORT.
-For years ending Sept. 30 earnings have been:
Mortgage trustee is the Call ornia Title Ins. & Trust Co., San Francisco.
11107.
1907.
1906.
Bonds.
-Both mortgages have sinking fund commencing ten years after
Gross
$174,487 $163,705 Balance for divs__ $12,366 $24,943 date and increasing from 2% yearly (of total bonds outstanding)for the
.
Net
44,045
53,458 Dividends
21,000
21,000 first five years to 8% for last five years. The bonds are not subject to call
Interest. taxes,dec. 31,679
28,515 Bal., sur. for yr.. df.8,634
3,943 before maturity.
OFFICERS.-Pres., C. Hammond, Northampton, Mass.; V.
-P. and
REPORTof combined'propertles for calendar year 1906, gross, $2,226.Treas., N. D. Winter, Springfield; Sec., H. P. Field, Northampton; Supt., 017;
net, $1,252,762; charges, $428,142; surplus, $824,620.
Edwin C. Clark, Northampton.
--V. 70, p. 842, 1049; V. 86, p. 481.
ROAD.
-Operates 161 miles of trolley, extending from Oakland to Alameda, Piedmont, Berkeley, Frultvale, East Oakland, San Leandro and
RY.-Trolley.
CONNECTICUT VALLEY STREET
are planned.
ORGANIZATION.
-Incorporated in 1899. Commenced Jan. 22 1900. Haywards. 40 miles of extensions
-P., Henry Wadsworth; 2d,
OFFICERS.-Pres., E. A. Heron; 1st V.
Is a consolidation on April 1 1905 of the Northampton de Amherst Street
Ry., the Greenfield do Turner's Falls Street Ry. and the Greenfield Deerfield V.-P. and Gen. Mgr. W. F. Kelly; Treas., F. C. Havens; Sec., Samuel J.
Taylor; Ass't Sec. F. W. Frost; Ass't Gen. Mgr., J. Q. Brown.-V. 80.
& Northampton Street By,, as per plan in V. 80, p. 1111.
.
STOCK AND BONDS'
Interest. Outstanding. Maturity. p. 1479; V. 81, p. 668; V. 83, 1229.
Date.
Stock,$500,000 ($100)_
$500,000 1906-07, 2%
Connecticut Valley St Ry first1 1900
40,000 Sept. 1 1920
5 g M-S
mortgage, gold ($1,000)_c* Int. at Old Colony Trust Co., Boston, Trust.
OIL CITY, PA.
Northampton & Amherst first 1900
180,000 Sept. 1 1920
5 g M-S
-A trolley road.
CITIZENS TRACTION CO.
mtge. *180,000 g ($1.000)c Int. at Old Colony Trust Co., Boston, Trust.
-Incorporated in Pennsylvania May 23 1902. ConORGANIZATION.
Greenfield Deerfield & Northl 1903
150,000 July 1 1923
5 g J-J
first mortgage, $150,000.ant. at Mercantile Trust Co., Boston, Trus., trols the Citizens' Light Fc Power Co. (capital $75,000), the Monarch Park
with
gold ($1,000 and $500)....c*1 No sinking fund and bonds cannot be. 1916called Hotel Co. (practically an amusement park Co. 60 acres of ground), the.
Big Rock Bridge Co. and the Reno Bridge
Greenfield & Turner's Fallsi 1896
78,000 June 1
5 g J-D
Interest. Outstanding, Maturity
STOCK AND BONDS- Date.
first mtge,g, sinking fund..Interest at Beacon Trust Co., Boston.
Green & Turn Falls cons mtge 1903
52,000 June 1 1923 Common
$1,000,000
5 g J-D
$130,000 g ($500.$1,000).c* Interest at Beacon Trust Co., Boston, Trust. Preferred
1,000,000
Current liabilities Sept 30 1907 _
First mortgage gold bonds_ ._ _
5%
168,616
750,000
Bonds.-Greenlield & Turner's Falls first mortgage (originally $100,000)
ROAD.
-Operates 33.32 miles of track connecting Franklin and 011 City
provides for the payment of $2,000 annually from 1897 to 1915,inclusive, at by two routes (on either side of the Allegheny) and reaching the boroughs
a premium. Sufficient of the consols are reserved to retire the first mort- of Rouseville and Siveriy. 56-lb. to 70-lb. T rail and 85-lb. girder rail.
gage bonds at maturity. The Northampton & Amherst bonds are suoJect Has 55 cars. The controlled Citizens' Light & Powet Co. furnishes electricto call after Sept. 1 1910 at 105 on 4 weeks' notice, as are the bonds of the light and power for Oil City and vicinity.
Connecticut Valley Street Ry. The $40,000 Connecticul Valley bonds were
OFFICERS.-Pres., J. F. Heywood; V.
-P., William Hasson; Sec. and
issued under the first mortgage of the Northampton do Amherst Street By. Treas., George:C. Sloan. V. 85,f,p.!598.111




OKLAHOMA CITY, OKLA.
-A trolley road.
OKLAHOMA RY. CO.
The same interests control the Guthrie Street Ry. system of 7 miles.
-Incorporated In Oklahoma on June 14 1904 under
ORGANIZATION.
to the
the name of Oklahoma City Ry. Co. and successor July 1 1904 streets
Ry. Co. City franchise perpetual and exclusive on
Metropolitan
occupied.
On Sept. 21 1907 changed name to Oklahoma Ry. Co., increasing charter
powers so as to constitute both an urban and Interurban road and increasing stock from $1,000,000 to $3,000,000.
Interest. Outstanding. Maturity.
STOCK AND BONDS.- Date.
$2,000,000
Common $2,000,000 ($100)
350,000
Pref, $1,000,000 5% cum_
550,000 July 1 1934
5 g J-J
First mtge *1,000,000 gold 1904
c* Int. at Iron City Tr. Co.,Pittsburgh,Trustee.
($1,000)
450,000 Jan 1 1938
5 g J-J
First and refunding mtge, 1907
$3,000,000 ($1,000), g_ _c* Int. at Iron City Trust Co., Plttsb., Trustee.
-Of the new bonds $1,000,000 are reserved to retire the 5s of
Bonds.
1904 and $1,550,000 for future extensions and betterments at 95% of cost
issuable only when net earnings are double Int. charges, Including int.
and
on bonds to be issued. Can be called In 1918 on 90 days' notice at 110 and
Interest. No sinking fund. Of the 1904 bonds $450,000 are reserved for
future extensions and improvements at 90 % of value, and issuable only
when net earnings are double Int. charges, Including int. on bonds to be
issued. Are subject to call in any amount at 110 and interest on and after
July 1 1914. See V. 79, p. 213.
-For year ending Dec. 31 1906, gross, $179,906; net, $89,EARNINGS.
493; fixed charges, $35,699; surplus, $53,794.
-Operates 36 miles of track in Oklahoma City and suburbs and
ROAD.
54 passenger cars. Is building an extension to Guthrie.
OFFICERS.-Pres., Anton H. Classen; V.-P.J. W. Shartel; Trees.,
-V. 79, p. 213;
0. H. Brauer; Sec., H. M. Brauer; Supt., C. W. Ford.
V. 85, p. 922.

OLEAN, N. Y.

-A
WESTERN NEW YORK & PENNSYLVANIA TRACTION CO.
trolley road.
-Incorporated in New York and Pennsylvania on
ORGANIZATION.
Nov. 17 1906, and is a consolidation of the Olean Street By. and the Rock
City RR.,the latter being a reorganization of the Olean Rock City & Bradford Ry. Subsequently consolidated the Bradford St. RR.
Interest. Outstanding. Maturity.
STOCK AND BONDS.- Date,
$1,000,000
Common $1,000,000 ($100)1,000,000
Pref $1,000,000 ($100) See
Ettext
2,474,000 Jan 1 1957
5 g J-J
1st and ref mtge $5,000,000 1907
c* Int. at Trust Co. of Amer., N. Y., Trustee. •
gold ($1,000)
204,000 Nov 1 1929
5 g M-N
Olean Street Ry 1st mtge 1899
$225,000 ($1,000) gold...el. Int. at Fidelity Trust Co., Buffalo, Trustee.
122,000 Aug 1 1931
5 g F-A
Olean a Ry 1st eaten mtge) 1901
$130,000 ($1,000) gold. Int. at Fidelity Trust Co., Buffalo, Trustee.
fund of $2,000 commenced in 1905.
_c* Sinking
(Cannot be called).
000
- ,000 new bonds, $326,000 are reserved for prior
-Of the $5, Bonds.
liens. Are subject to call on or before Jan. 1 1912 at 105 and Interest; thereafter at 110 and interest.
Sinking fund on Olean Street Ry. 1st mtge. of 1899 became operative in
Nov. 1901, $4,000 being paid annually; *21,000 had been paid to Feb. 1
1907. Bonds cannot be called. A sinking fund on the 1st mtge. extension
bonds became operative Aug. 1 1903; $8,000 had been paid into the fund
June 1 1907. In addition, the Shinglehouse RR., whose stock is owned,
has $58,000 5% bonds due in 1933.
-Operates about 63 miles of track in Olean and Bradford und beROAD.
tween those points.and lines to Portville. Allegheny. Bolivar and Ceres,
where connection is made with the Shinglehouse RR. In addition operates
an extension of 15;4 miles to Salamanca, which was completed during 1907.
The former Rock City RR, has been largely re-located and reconstructed.
Has 52 ears.
-P. and Treas., Jos. B.
OFFICERS.-Pres., W. R. Page, Olean; V.
-V.83.p. 1292;V. 84,p. 1429.
Mayer, New York;Sec.,Jos. L.Page, Olean.

OMAHA, NEB.

ONEONTA, N. Y.
-A trolley road.
ONEONTA & MOHAWK VALLEY RAILROAD CO.
-Incorporated in New York on May 8 1906 and is
ORGANIZATION.
successor under foreclosure to the Oneonta Cooperstown & Richfield Springs
Ry.
Interest. Outstanding. Maturity.
STOCK AND BONDS.- Date.
$1,800,000
Stock *1,800,000 ($100)1,300,000 July 1 1946
See text
1st M $1,800,000 ($1,000)1 1906
c*1Colonial Trust Co., New York, Trustee.
gold
Bonds.
-The bonds bear 3% interest the first three years,4% the next two
0
years and 57 thereafter. Interest is payable in gold, J. & J. Subject to
call at 105.
EARNINGS.
-For year ending June 30 1907, gross, $165,937; net,
$20,041; fixed charges, $45,224; deficit, $25,183.
-Owns and operates 67.04 miles of track between Oneonta,
ROAD.
Cooperstown, Richfield Springs and Mohawk, at which latter point it connects with the Utica & Mohawk Valley By. for Utica, 13 miles. Total
operated, 80.04 miles. Rails, 60 to 90 lbs.; 39 cars.
-P., H. A. Kahler; Sec.,
OFFICERS.-Pres., H. W. Bean, New York; V.
-V. 78, p.
H. W. Acton, New York; Treas., P. S. Babcock, New York.
1168; V.80. p. 1972; V.82, p. 629, 1157.

OSHKOSH, WIS.
-A trolley road.
WINNEBAGO TRACTION CO.
On July 8 1907 was placed In the hands of President R. H. Hackett as
receiver. V. 85, p. 101.
Reorganization Plan.-Proyldes for issuance of a $1,250,000 1st mtge.
5% bonds dated Oct. 1 1907, the old bondholders to receive 60% of face
value of bonds deposited; issuance of a 2d mtge. of $400,000 dated Oct. 1
1907, bearing int. after Jan. 1 1909 at 3% for first year, 4% for second
year and 5% thereafter, the old bondholders to receive 40% of deposited
bonds; issuance of $350,000 stock, the old bondholders to receive 2 shares
for each bond deposited and the old stockholders to receive 23% of stock
deposited; issuance of negotiable receipts for coupons due April 1 and Oct. 1.
to be redeemable in new 1st mtge. bonds. If plan Is not substantially
carried out by Aug. 1908, depositors may withdraw their securities, subject
to obligations incurred by committee. V. 85, p. 655.
-This is a reorganization in 1900 of the Citizens'
ORGANIZATION, &c.
Traction Co. Incorporated under the laws of Wisconsin. Population
served (estimated) 1905, 50,000. Franchises run to 1932.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
$650,000
Stock,$650,000
966,000 Apr 1 1930
5 g A-0
1st mort, $1,000,000, goldl 1900
cerrrust Co. of America, New York, Trustee.
($1,000)
-Bonds are redeemable at 110 and accrued interest, upon six
Bonds.
weeks' notice.
-For calendar year 1906, gross, $145,551; in 1905, gross,
EARNINGS.
$126.746.
-Owns 38 miles of road, 15 miles in Oshkosh, 15 miles of interROAD.
urban road running to Neenah and Menasha, and 8 miles to Omro.
-Receiver, R. H. Hackett; Sec., A. H. Ostrom, New York;
OFFICERS.
Treas., S. M. Rothermel; Gen. Mgr., John B. Pullian.-V. 74, p. 885;
V. 79, p. 2458; V. 85. p. 101.

-A trolley road.
OMAHA & COUNCIL BLUFFS Si REET R Y.
-Incorporated In Nebraska. Owns lines formerly
ORGANIZATION.
operated by Omaha Street By. Co.; leases the Omaha & Council Bluffs Ry.
& Bridge Co.In Council Bluffs, Ia.. until 1947, together with its bridge over
Missouri River, rental being $60,000 per annum, in addition to all fixed
charges.
Interest. Outstanding. Maturity.
Date.
STOCK AND BONDS$5,000,000 Jan 2'08,2%
Common $10,000,000 ($100)4,000,000 Jan'08,1
Pref 5% cum from Jan 1 19041 ____Q.J
$5,000,000 ($100)
2,500,000 May 1 1914
5 g M-N
Omaha St By 1st consol mtge 1889
Interest at Farmers' Loan & Tr. Co., N. Y.
$2,500,000 gold
4,850,000 Jan 1 1928
5 g J-J
Om & C B St By 1st con mtge 1902
$10,000,000 gold ($1,000) Interest at Morton Trust Co., New York,
Trustee.
c*
no sinking fund
-$5,000,000 common and $1,000,000 preferred stock
Stock and Bonds.
set aside for additions and improvements. Of the new $10,000,000
are
mortgage, $2,500,000 is reserved to retire a like amount of Omaha Street
Ry. bonds. Remainder reserved for extensions and improvements at 85%
of cost. The $10,000,000 consol. bonds.are further secured by deposit Of
$915,000 of the Omaha & Council Bluffs Ry. & Bridge Co. first consollbs.
V.79, p. 2086.
-First dividend on pref. stock, I M %,was paid Apr. 1 1904,
Dividends.
and same amount quarterly to and including Jan. 1908. On corn., 1st div.
2%, paid July 1907, and 2% paid Jan. 1908.
-Company's policy is not to make earnings public. but,or
REPORT.
calendar year 1905 results were: Gross, $1,709,641; net, $950,055; takes
and rentals, $192,139; other income, $4,032; interest, $365,515; surplus,
$396,433.
-Owns 106 miles of track, being all the street railways in Omaha
ROAD.
and South Omaha, Florence, Benson and Dundee, Neb. Also, by lease or
stock control, receives the earnings of all street railways in Council Bluffs,
Ia. (31.97 miles), including the Omaha & Council Bluffs bridge, makinea
total operated or controlled 131.97 miles.
-P., Frank T. Hamilton; Sec.,
G. W. Wattles; V.
--V. 80, p. 1175;
OFFICERS.-Pres..
R. A. Leussler; Treas. and Gen. Mgr., W. A. Smith.
V. 86, p. 169.
Omaha & Council Bluffs Railway & Bridge.
(1)
-Incorporated in Iowa. An electric road, is leased
ORGANIZATION.
to the Omaha & Council Bluffs Street By. For terms of lease,see statement
latter above. Owns entire capital stock of the Omaha Council Bluffs
of the
& Suburban Ry. and the Lake Manawa & Manhattan Beach Ry. The
$600,000 mortgage of the former company, made to the Royal Trust Co.
of Chicago and Albert E. Johnson, as trustees, is all held by the By. &
Bridge Co. Lake Manawa & Manhattan Beach has no funded debt.
Interest. Outstanding. Maturity.
STOCK AND BONDS.- Date.
$1,500,000
Common $1,500,000 ($100)M-A
1,500,000 In 1907,4%
Pref 4% cum from Feb I 1007) __-$1,500,000 ($100)
400,000 Jan 1 1908
6g
1st mtge (see below)goldi 1888
-Subject to call at 110 in 1899.
($1,000) sink fund $5O0.
c* Int. at Mercantile Trust Co., N. Y., Trustee.
000
See text Jan 1 1928
5 J-J
1st consol mtge $2,000,0001 1902
c*JInterest at Central Trust Co., N.Y..Trustee.
($1,000)
BondsGuaranteed250,000 July 1 1909
5g
Counet.Bluffs St By 1st mtgei 1880
$250.000 g ($1,000) guar Subject to call at 106 in 1899.
p & (end.) sink fund.. c* Int. at Mercantile Tr. Co.,'.N. Y., Trustee.
-Of the new 1st consolidated mortgage for $2,000,000, $915,000
Bonds.
are deposited as part security for the bonds of the Omaha & Council Bluffs
St. By.,$650,000 are reserved for prior liens and $435,000 for improvements.
The $100,000 first 6s unissued are deposited as security for the 0. & C. B.
By. & Bridge consol. 5s, as also are $600,000 bonds of the Omaha Council
Bluffs & Suburban By. The sinking fund on the first 6s was $20,000 yearly
till Jan. 1 1899,and thereafter $30,000.
-Comprises 31.97 miles of track, Including the trackage of the
ROAD.
Omaha Council Bluffs & Suburban By. and the Lake Manawa & Manhattan
Beach By., embracing the entire street railways of Council Bluffs. Also
owns bridge between Omaha and Council Bluffs over the Missouri River.
-P., Geo. F. Wright; Sec., C. T.
• OFFICERS.-Pres., J. H. Millard; V.
-V.77, p. 37.
Stewart; Treas., E. E. Hart.




77

STREET RAILWAYS

FEB., 1908.]

OSSINING, N. Y.
-A trolley road.
WESTCHESTER TRACTION.
-This company, a merger on Feb. 171902,absorbed
ORGANIZATION.
the Ossining Electric By.. which was chartered June 7 1903.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
$300,000
Stock, $1,500,000 ($100)_
See text. Apr 1 1932
5 g A-0
1st mtge, $1,500,000, gold1 1902
c&rf New York Trust Co., New York, Trustee.
($1,000)
-Of the 1st mtge. bonds, $138,000 are in hands of public,$462,00
Bonds.
are held by the Construction Co. and $900,000 are reserved for extensions.
-Owns about 3 miles of road and power house in Ossining.
ROAD.
50 miles in all proposed to various places in the county. Extension to
Pleasantville to be 'built, and present road rebuilt.
-P., Thos, R. Heller;
OFFICERS.-Pres., A. R. Law, New York; V.
-V.76, p. 867.
Sec. and Treas., C. E. Lent, New York.

OSWEGO, N. Y.
-Trolley.
OSWEGO TRACTION.
In Dec. 1906 control of road was acquired by the Beebe syndicate of
Syracuse. See V. 83, p. 1471.
-Incorporated at Albany June 1 1899 as successor
ORGANIZATION.
to the Oswego Street By. and the Lake Ontario & Riverside, sold at foreclosure April 10 1899, according to plan in V.65, p. 278. Charter perpetual.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
$200,000
Stock, corn, $200,000 ($100)_
100,000
5
Pref, $100,000, non-cum($100)
97,000 June 1 1929
5 g J-D
1st mortgage, $100,000, goldl 1899
f Knickerbocker Trust Co., N. Y., Trustee.
($1,000)
191,000 June 1 1929
3 M-S
$200,000 ($500)1 1899
2d mortgage,
'Knickerbocker Trust Co., N. Y., Trustee.
-Operates 1134 miles of track. Rails, 45 to 110-lb.. standard
ROAD.
gauge. Operates 26 cars.
-Year ending June 30 1907, gross, $56,466; net, $15,534;
EARNINGS.
charges, $13,964; surplus, $1,570.
OFFICERS.-Pres., S. M. Coon, Oswego; Treas., W. W.Foster, Syra-V. 75, p. 1355; V. 83.
cuse; Sec. and Gen. Mgr., H. J. Clark, Syracuse.
p. 96, 1471.

OTTAWA, ILL.
WES1ERN RAILWAYS & LIGHT CO.
Controlled by same interests that control the Illinois Traction Co.
-Incorporated in Maine, and owns all the capital
ORGANIZATION.
stock of the following:
I Galesburg Railway & Light Co.
Illinois Valley Railway Co.
;Quincy Horse By. & Carrying Co.
Chicago Ottawa & Peoria By. Co
I Wichita Railway & Light Co.
Citizens By. of La Salle and Peru
Central Ltg. Co. of La Salle & Peru.
OFFICERS.-Pres., W. B. McKinley; Treas., E. Woodman; Sec., J. B.
Macauley.
(1) Illinois Valley Ry.-Trolley.
-Was formerly known as the Illinois Valley Traction
ORGANIZATION.
Company, but was succeeded by the Illinois Valley Railway Company, a
new corporation, in 1904. The latter is organized under the steam railroad
law, and has power of condemning property for right of way. On May 1
1903 the Illinois Valley Traction had acquired the Ottawa Marseilles &
Morris River Ry.
Maturity.
Interest. Outstanding.
STOCK AND BONDS- Date.
$100,000
Stock,$100,000($100)1,500,000 Sept 1 1935
5 g M-S
1st mtge, $2,000,000, goldl 1905
cf Int. at Portland (Me.) Trust Co. Trustee.
($500 and $1,000)
'
-Bonds have a sinking fund of 1 ;•6 % per annum of amount outBonds.
Are subject to call for s. f. after March 1 1906 at 105; for other
standing.
purposes after March 1 1910.
-For cal. year 1906, gross, $187,019; net after taxes,
EARNINGS.
$93.618; interest, $53,540; surplus, $40,078; in 1905. gross, $167,015.
-In operation La Salle to Ladd, 11.9 miles; in La Salle City, 4.3
ROAD.
m.; Marseilles to Utica, 16.72 m.; connecting link between Utica and La
Salle, 4.24 m., is completed: also line from Marseilles to Seneca, 53•6 miles;
also line from Spring Valley via De Pue and Bureau, to Princeton, 18% m.;
total 61.16 miles. Operates 20 interurban cars.
-P., Geo. F.
OFFICERS.-Pres., W. B. McKinley, Champaign, III.; V.
Duncan, Portland, Me.; Sec. and Treas., Edward Woodman, Portland, Me.
-V. 76, p. 1192.
(2) Galesburg Railway & Light.
Controlled by the Western Railways & Light Co.
-Incorporated in Maine In 1904, and is a consolidaORGANIZATION.
tion of the Galesburg Electric Motor & Power Co. and the Galesburg Gas
63 Electric Light Co. Franchises expire in 1920.
Date.
Interest. Outstanding. Maturity.
STOCK AND BONDS$1,000,000
Stock $1,500,000 ($100)685,000 July 1 1934
5 g J-J
New mortgage $1,500,000 1904
c Int. at Port and Tr. Co.,Portland, Me.,Trus.
gold ($1,000)
350,000 April 1 1919
5 g A-0
Lt first 1899
Galesburg Gas SZ Elec
mtge $350,000 ($1,000) c Int. at Portland Tr. Co.. Portland, Me..Trus.
171,000 Sept. 1 1912
Galesburg E M & P mortgage 1902 5 cur M-S
$205,000 gold ($1,000) _ _c* Int. at First Nat. Bank. Galesburg, Trustee.

78

STREET RAILWAYS.

Bonds.
-The new $1,500,000 issue is subject to call on any Interest date
at 105 and interest; no sinking fund; $521,000 are reserved for the prior
liens and $294,000 for extensions and improvements. L. F. Wertman,
President First National Bank, Galesburg, is trustee of the Galesburg Electric Motor & Power Co. bonds. These bonds may be called 3 years after
date at 103.
EARNINGS.
-For calendar year 1906, $251,778.
-Owns 20 miles of track laid with 60-lb. T rails in Galesburg, Iii.,
ROAD.
extending also to East Galesburg and Knoxville; also three extensions aggregating 4 miles, built and put in operation in 1900. Operates 42 cars. Has
built a new power-house to generate current for both the street railway and
electric-light plant, and will also do steam heating. See V. 78, p. 2384.
OFFICERS.-Pres.. Geo. F. Duncan; Sec. and Treas., Edward Woodman, Portland, Me.; Mgr., H. E. Chubbuck, La Salle.
-V. 76, p. 868;
V. 78, p. 2384.
(3) Quincy Horse Railway & Carrying Co.
STOCK AND BONDSInterest. Outstanding, Maturity.
Date.
Stock,$600,000 ($100)
$600,000
First mortgage ($500 each)._ J 1890
140,000 Oct. 1 1910
5 A-0
1E. J. Parker. J. F. Carrott, Quincy, Ill.,Trus.
First consolidated mortgage,1 1898
5 g A-0
395,000 Oct. 1 1918
$550,000, gold
_c*lInt. at Portland Tr. Co., Portland, Me.,Trus'
Interest on first mortgage payable at Quincy (Ill.) Trust Co.
Of the 5s of 1898, $140,000 will be used to retire the first 5s and $28,000
retained by trustee for future extensions and improvements.
EARNINGS.
-For year 1906, gross, $147,821; in 1905, gross, $140,994.
ROAD.
-Operates 17.4 miles of track.
OFFICERS.-Pres.. Geo. F. Duncan, Portland, Me.; Sec., W. B.
McKinley, Quincy, Ill.; Treas., W. H. Carnahan; Gen. Mgr., H. E. Chubbock.
-V. 67, p. 372, 737.
-Trolley.
(4) Wichita Railroad & Light.
-Chartered May 1 1900 for 30 years. Franchise exORGANIZATION.
pires 1933. Owns a street-lighting plant and has contract for city lighting.
Date.
Interest. Outstanding. Maturity.
STOCK AND BONDSStock,$300,000 ($100)
5300,000
--- 5 g A-0
First mortgage, 5300,0001 1900
300,000 April 1920
cl Int. at Portland Tr. Co., Portland, Me.,Trus.
($1.000) gold
Bonds.
--Bonds are subject to call at 105 on 6 months notice.
EARNINGS.
-For calendar year 1906, Gross, $194,002; in 1905
$166,909.
-Owns 233i miles of trolley track in Wichita, Kansas, including
ROAD.
new double-track bridge, over the Arkansas River, and extensions to
Wonderland Park and Fair Grounds.
OFFICERS.-Pres., Geo. F. Duncan, Portland, Me.; V.
-P. and Gen.
Mgr.,S. L. Nelson,Peoria, Ill.; Sec. and Treas., Edw. Woodman,Portland,
Me.; Supt., W. R. Morrison, Wichita.
-A trolley road.
NORTHERN ILLINOIS LIGHT & TRACTION CO.
-Incorporated in Illinois and is successor in July 1903
ORGANIZATION.
to the Ottawa Railway, Light & Power Co., sold under foreclosure. Franchise perpetual for lighting and until March 1924 for railway. Has contract
for city lighting.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
Stock, $250,000 ($100)--$250,000
5 g J-J
1st mtge. $1,200,000, goldl 1903
265,000 July 1 1923
'Int. at American Tr. Co., Boston, Trustee.
c•
($500 and $1,000)
-No sinking fund and bonds cannot be called.
Bonds.
EAIININGS.-For 12 months ending Dec. 31 1907, gross, $66,420; net,
$31,016; interest, $13,250. In 1906, gross, $62,395; net, $27,993.
-Operates 7.5 miles of line, covering the prinROAD AND PLANT.
cipal streets of Ottawa, and also runs out of the city to Ellis Park, a pleasure
resort on the Illinois River. Also has entensions from Ottawa to Chautauqua Park. Equipment, 11 motor and 7 trail cars. Has both steam and
water-power plants for generating power,which can be operated independently if necessary. Is supplying 154 enclosed arc lights under city
contract and 120 for commercial lighting. Also 17,237 incandescent lights,
348 h. p. in motors, and one 200-k. w. and one 300-k. w. alternator for
street lighting.
OFFICERS.-Pres., E. W. Rollins, Boston; V.-P. G. H. Taylor: Sec.
and Treas., J. S. Pishon; Gen. Mgr., Louis W. Hess, Ottawa,
'
76,
p. 436, 1144, 1192; V. 77, p. 251; V. 82, p. 1041.

OTTUMWA, IOWA.
-Trolley.
OTT UMWA RAILWAY & LIGHT CO.
ORGANIZATION.
-Incorporated In Delaware In Dec. 1905 as successor to the Ottumwa Traction & Light Co. The latter's 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 from May 23
1901.
Interest. Outstanding. Maturity.
Date.
STOCK AND BONDS$1,000,000
Corn., 51,000,000 ($100)
500,000
Pref., $500,000 ($100)
5 g J-J
1st and ref. mtg., $1,500,- 1906
660,000 Jan.1 1924
c* Int. at Central Trust Co., Chicago, Trustee.
000, gold ($1,000)
5 g A-0
340,000 Oct 1 31921
Ott. Tr & Lt, 1st M. $500.-i 1901
000 ($1,000) gold, s f 0' Int. at U.S. Mort. & Tr. Co., N. Y., Trustee.
-01 the authorize issue of $1,500,000, $340,000 are reserved
Bands.
to retire prior liens and $500,000 are reserved for extensions and betterments. The new bonds are subject to call after Jan. 1 1909 at 103 and
interest. A sinking fund of 1 % per annum of bonds out commences July 1
1909. The Ottumwa Traction & Light Co. bonds can be called after Oct. 1
1911 at 105 and Interest and each year thereafter at 3•6 % less until par is
reached. Bonds numbered 1 to 20 may be redeemed at 105 and int. after
Oct. 1 1907. V. 74, p. 95. Sinking fund on these bonds of $5,000
annually is operative from 1907 to 1909 and $8,000 annually from
1910 to 1920. Proportionate sinking fund is provided for the $160,000
reserved bonds as they are issued.
EARNINGS.
-For year ending Feb. 28 1906, gross, $177,025; net,
$72,930; interest, $43,000; surplus, $29,930.
-Operates 11
ROAD.
miles of trolley road in city of Ottumwa, Iowa.
Weight of rails, 60-lb. T. Standard gauge. Also does municipal, commercial and residence electric-lighting (including 125 miles of pole line,
carrying 200 miles of wire); supplies electric power for stationary motors,
&c., and operates a system of steam heating, with 3 miles of mains.
OFFICERS.-Pres., Arthus S. Huey; Sec., J. J. O'Brien.
-V.78, p. 584;
V. 82, p. 49,1213,1289.

_

OWENSBORO, KY.

•OWENSBORO CITY RAILROAD.
-A trolley road.
• The pref. stock was created in Feb. 1907. V.84, p. 340.
• ORGANIZATION.
-Chartered in 1886. Franchise runs till 1936 and
gives exclusive rights to operate street railway in said city.
-Miles Date.
STOCK AND BONDS
Interest. Outstanding. Maturity.
Corn., $75,000 (par $50)
$50,000 1. p.
Pref., 6%,$40,000_
40,000
200,000 Jan, 1 1932
New mtge., $200,0001 ____ 1902 5 g J-J
C. ($1,000)....c. de r.f Interest at Louisville Tr. Co., Trustee.
Bc;nds.-Bonds are not subject to call.
EARNINGS.
-For calendar year 1906, gross, $52,117; oper. expenses,
$31,959: net,$20,158.
ROAD.
-Owns 134 .4 miles of trolley track in Owensboro and suburbs,
1
56-lb. rail; 20 motor cars, double G. E. 800; 5 trailers, 25 10-ton coal cars.
Has erected .a new power house with a 200 k. w. generator and 2,300 h. p.
water-tube boilers.
OFFICERS.-Pres., John G. Delker: Sec. and Supt., S. C. Ray; Treas.,
-V.79, p. 270;V. 84, p. 340.
J. H.Parrish.

OWOSSO, MIOH.

[VOL. Lxxxvi.
PADUCAH, KY.

:

PADUCAH TRACTION A& LIGHT CO.
•
ORGANIZATION.-Incorpernted in Maine on Nov. 17 1905, and owns
all the securities of the Paducah .7rac. Co. and Paducah L't & Power Co.
Besides street railway business, does the entire commercial electric lighting,
gas and steam heating business of the city. Street railway and electric
lighting franchises expire in 1924, steam-heating franchise in 1922 and gas
franchise is perpetual.
STOCK AND BONDSDate.
Interest. Outstanding. Maturity.
Common,$1,000,000 ($100) $1,000,000
Pref., 5%, $1,000,000 ($100))
500,000 June'07, 1%
Coll. tr. mtg., $2,000,000, 1905
)
5 g M-N
657,000 Nov. 1 1935
gold
1Int. at State St. Trust Co., Boston, Trustee.
f 1890
Pad. St. By mort., s. f.
6 g J-J
100,000 July 1 1920
1Col.Finance & Trust Co. Louisv., rrustee.
1893
Pad. St. Ry. mortgage
6
16,000
1923
Peop.L't & Power mortgage _ 1898
6
100,000
1918
Paducah City Ry. M.,$1,000-1 1902
5 g J-J
325,000 May 21 '32
000. T.. ($500-$1,000)_c* Int. at N.Y. Trust Co., N.Y., Trustee.
-01 the 2,000,000 new bonds, $543,000 are reserved
Stock and Bonds.
to retire prior liens and $800,000 for future improvements. Subject to call
as a whole at 105 and interest. A sinking jun& if earned, of 1 % per annum
of outstanding bonds commences Nov. 1 1908, and becomes obligatoryNov.
1 1911. Preferred stock is redeemable at 110; is non-cumulative until Dec.
1 1907; thereafter is cumulative.
Dividends.
-First dividend on pref. stock, 1%, was paid Dec. 1 1906.
and 1 % was paid again on June 1 1907.
EARNINGS.
-For calendar year 1907, gross, $237,513; net, after taxes.
$72,264; fixed charges, $69,615; dividend on pref. (1%), $5,000; deficit,
$2,351; in 1906, gross, $227,278; net, after taxes, $77,297; fixed charges,
$63,705; surplus, $13,592.
ROAD.
-Operates 17 miles of track; 35 to 60-lb. rail; standard gauge; 48
cars.
OFFICERS.-Pres., Guy E. Tripp; V.
-P., Joseph L. Friedman,Paducah;
Sec., Alvah K. Todd; Treas., Henry B. Sawyer; Auditors, Stone & Webster,
Boston.
-V. 81, p. 1175, 1610; V. 83, p. 1229.

PARKERSBURG, W. VA.
PARKERSBURG MARIETTA & INTERURBAN RY.-A trolley road.
ORGANIZATION.
-Consolidation of the Parkersburg & Interurban By.,
he Parkersburg Gas, Elec. Lt. & St. By. Co. and the Marietta Elec. Co.
STOCK AND BONDSDate,
Interest. Outstanding. Maturity.
Stock, $440,000
$440,000
1st mortgage, gold
1898
5
1938
150,000
Consol. mtge
1902
1942
450,000
EARNINGS.
-For year ending April 30 1905, gross, $201,498.
ROAD.-Operates41 miles of track, inriuding an extension of 12 miles
to Marietta. Uses bridge of the Ohio River Bridge & Ferry Co. between
Marietta, Ohio, and Williamstown, %V. Va. An extension to Lowell is being constructed. Sec V. 77, p. 1747.
OFFICERS.-Pres., C. H. Shattuck.
-V.77, p. 1747.

PEEKSKILL, N. Y.
NORTHERN WESTCHESTER SECURITIES CO.
ORGANIZATION.
-Incorporated In Connecticut on July 6 1906. Controls through ownership of stock the Peekskill Lighting da RR. Co., the
Hudson River & Eastern Traction Co. and the Northern Westchester Lighting Co. The latter company In turn has acquired the Briarcliff Manor Light
& Power Co., the Croton Electric Light & Power Co., the Ossining Heat,
Light. & Power Co. the Northern Westchester Light & Power Co., the
Sing Sing Gas Mantifacturing Co. and the Sing Sing Electric Lighting Co.
Some of the bonds were offered in June 1907 with a bonus of 20% in stock.
V. 85, p. 103.
STOCK AND BONDSInterest. Outstanding. Maturity,
Date.
Stock, $2,400,000 ($100)
$1,201,200
Collateral trust 35,000,000J 1906
1,404,000 Sept 11938
5 g M-S
($1,000), gold
c*1Knickerbocker Trust Co., New York, Trustee
Bonds.
-Can be called on any int. day at 105 and int. $804,000 of bonds
outstanding draw no Interest until March 11008, then 23'% until March 1
1910 and 5% thereafter. The $3,506,000 unissued bonds are reserved for
future acquisitions and improvements. Bonds are secured by deposit
with the trustee of the entire common stock of the Peekskill Lighting de RR
Co., the entire stock of the Northern Westchester Lighting Co. and the
entire outstanding stock of the Hudson River & Eastern Traction Co.
V. 85. p. 103.
OFFICERS.-Pres., F. A. Stratton, Mt. Vernon; Sec., W. J. Bagnell,
New York; Treas., Chas, H. Werner, New York. V.85. p. 44, 103, 221,
1084, 1465.
(1) Hudson River & Eastern Traction Co.
ORGANIZATION.
-Incorporated in New York on Feb. 15 1906. Proposes to build a line from New York Central Station in Ossining through
Ossining and Briarcliff Manor to Pleasantville and Sherman Park, 9 miles.
2M miles is completed.
Interest. Outstanding. Maturity.
STOCK AND BONDS.- Date.
Stock $400,000
(7)
5 g F-A
1st mortgage *1,000,000 gold! 1907
$75,000 Feb 1 1957
c&r1Int. at Colonial Trust Co., New York, Trus.
($1,000)
Bonds.
-Are subject to call on or after Feb. 1 1912 on any Int. day at 105
and int.
(2) Peekskill Lighting & Railroad.
Controlled through ownership of stock by the Northern Westchester
Securities Co.
-Incorporated as the Peekskill Lighting Co. on July
ORGANIZATION.
12 1900; subsequently purchased the Peekskill Gas Light Co. and Peekskill
Electric Light da Power Co. Name changed as above upon purchase of the
Peekskill Traction on Aug. 31 1900. Comprises all the gas, electric 'light,
power and street railway interests of Peekskill. Entire capital stock is
owned by the Northern Westchester Securities Co. Franchises of electriclight plants and railways are perpetual. Gas franchises liberal.
Interest. Outstanding. Maturity.
STOCK AND BONDS.- Date.
Q-J
Common $500,000 ($100)----See text. Jan 13 '081
6 J-D
Preferred *150,000 6%cum_
See text. Dee'07,3'%
5 g A-0
1st mtge $750,000 (31,000)1
628,000 Oct 1 1930
, _c•fInterest at N. Y. Trust Co., N. Y. Trustee.
gold,sinking fund_
fractional part) can be redeemed on any
Bands.
(but no
-Whole issue 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. The remaining $122,000 can only be issued for extensions, &o., at 75% of actual
cost, and only when net earnings of the previous 12 months are equal to
at least twice the Interest on the outstanding bonds and the proposed issue.
See V. 71, p. 913.
Dividends.
-6% per annum is being paid on pref. stock. On common,
in 1906, 1%; in 1907, 3 , %;in 1908. Jan., 1%.
)
6
Net, Int.&Sink.Fd, Surplus.
REPORT.
-Year to June 30: Gross.
1906-07
370,449
3156,350
$36,029
$34,420
1905-06
63,487
134,539
34,960
28,527
1904-05
119,165
50,598
34,960
15,638
• After taxes.
ROAD.
-Owns and operates 10.36 miles of track in Peekskill and to Lake
Mohegan and Verplanck's Point, with branch to State Camp.
OFFICERS.-Pres., F. A. Stratton, Mt. Vernon; V.
-P., Stuart Wilder,
Ossining; Sec., Chas. H. Werner, 3 South William St.. N. Y. City; Treas.,
W. B. Clements, Ossining. General office, Peekskill, N.
Y.
-V. 82
p. 1041; V. 85, p. 103.

OWOSSO & CORUNNA ELECTRIC CO.
PENSACOLA, FLA.
ORGANIZATION.
-A consolidation on March 14 1899 of the Owosso &
PENSACOLA ELECTRIC CO.Corunna Tract. Co. and the Caledonia Electric Light & Power Co.
-Incorporated in Maine on July 6 1906, and is sucORGANIZATION.
STOCK AND BONDSIn erest Outstanding. Maturity. cessor to the Pensacola Electric Terminal Co. Owns practically the
Date.
entire
Stock,$150,000 ($100)------stock and the entire bonds of the Escambia County Elec. Lt.
$150,000
&
120,000
1st mort.. $120,000, gold) ____
Does all the street railway and electric lighting of Pensacola. Pow. Co.
1924
5 g J-J
Railway
($1,000)
Co., Philadelphia, Trustee. franchise expires in 1933; lighting franchise perpetual.
c.f Fidelity Trust
EARNINGS.
-For calendar year 1906, gross, $17,539; in 1905, gross,
STOCK AND BONDS.- Date.
Interest. Outstanding. Maturity.
$16,307.
Common $800,000($100)-$800,000
-Operates a 5 mile road between Owosso and Corunna; also does Pref. 5500.000(3100) 6% cum_ _ - - ROAD.
J-D
300,000 Dec'07,3%
electric-lighting business and has contract with the city of Owosso for light- 1st mtge $1,500,000 gold_ __ _f 1906
5 g F-A
750,000 Aug 1 1931
ing until August 1909.
1Interest at City Trust Co.. Boston, Trustee.
OFFICERS.-Pres., G. H. Stephenson, Phila.; Sec. do Treas., J. Tracey
Stock.
-The preferred stock becomes cumulative on Dec. I 1906, and is
Eustis, Boston; Supt., Lawrence Manning, Owosso.
redeemable at 115.




FEB., 1908.1

STREET RAILWAYS

-$750,000 are reserved for additions and improvementslat 80%
• Bonds.
of.cost. A sinking fund of 1 % per annum of bonds outstanding commences
Dec. 11907;first 5 payments may be waived, but becomes a fixed charge 011
Dec. 11912. Bonds subject to call as a whole at any time at 105 and interest, and in part for sinking fund only. V. 83, p. 156.
Dividends,
-First div., of 3%,was paid on pref. June.1 1907, and 3% was
paid Dec. 2 1907.
Earnings.
-For 12 months end. Dec. 31 1907, gross, $228,150; net, $76,269; interest, $40,904; divs. on pref.(6%), $18,000; surplus, $17,365.
ROAD.
-Operates 20.2 miles of track; standard gauge; 50 and 60-lb. rail:
26 motor and 9 trail passenger cars and 12 other cars.
OFFICERS.-Pres., George J. Baldwin, Savannah; V.
-P., Charles F.
Wallace; Sec., Alvah K. Todd; Treas., Henry B. Sawyer; Managers, Stone
& Webster, Boston, Mass. V. 82, p. 1213; V. 83, p. 156; V. 84, p. 1183.

PEORIA, ILL.

PEORIA RAILWAY TERMINAL CO.
-Steam-and electricity.
ORGANIZATION.

-Incorporated in Nov. 1908 with $1.000,000 capital
stock (which is all owned by the Chicago & Alton By. and the Chicago Rock
Island & Pacific), as successor to the Peoria & Pekin T010110711 Ry., sold
at foreclosure on Feb. 9 1907. Operates a terminal system in and between
Peoria and Pekin. V. 85, p. 161. Private right of way between Peoria
and Pekin. Franchise perpetual.
STOCK AND BONDSDate.
Interest. Outstanding. Maturity.
Stock, $1,000,000
$1,000,000
First mortgage, $1,500,000 1907
Jan 1 1937
(1)
4 g J-J
c* Illinois Trust & Savings Bk., Chic., Trustee.
($1,000), gold
Interest payable in New York.
Bonds.
-Are guar., p. & I., by endorsement by the Chicago Rock Island
& Pacific Rwy. Co. and the Chicago & Alton RR. Co. ltedeemable after
10 years at 1023 and Int. For form of guaranty see V. 85, p• 161.
ROAD.
-Comprises 21 miles of line and 29M miles of tr ck. 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. Has union depots in both Peoria and Pekin. Own,
a 1,000-ft. steel drawbridge over the Illinois River. Passenger equipment.
5 combination motor and 5 trail cars. Freight equipment, 68 cars and 3
locomotives. Track laid with 70-lb. T-ralls.
-P., W. J. Conzelman; Sec., W. J
OFFICERS.-Pres., W. T. Irwin; V.
Jack; Treas.,Frederick H.Smith.
-V. 83, p.752, 1171,1291; V.84,p. 103,
159, 451; V. 85, p. 161; V. 86, p. 338.

PETALUMA, CAL.

ROSA R -A
PETALUMA Cc SANTAextensiveY. trolley road. roads to be built
system of electric
Is

in
to form part of an
Mann, Sonoma, Napa and Lake counties, with ferries connecting with San
Francisco.
-Incorporated in California on June 20 1903. Stock
ORGANIZATION.
was held in a voting trust for 3 years, expiring in 1907. V. 78, p. 103.
Interest. Outstanding. Maturity.
STOCK AND BONDS.- Date.
.
$1,000,000
Stock $1,000,000 ($100)
1st mtge $1,000,000 gold( 1904
5 g M-S
698,000 Mch 1 1924
csi Interest at Mercantile Trust Co., San Fran.,
($1,000)
I Trustee, or at U. S. Mtge. & Tr. Co.. N.Y.
2d mortgage $250,000 gold i 1905
6 g A-0
1915
217,000
cf Mercantile Trust Co., San Fran., Trustee.
($1,000)
-The first mortgage bonds have a sinking fund "ample to take care
Bonds.
of bonds." $302,000 are reserved for extensions at $17,500 per mile and
75% of cost. These bonds are subject to call at 110.
-For calendar year 1907, gross, $216,642; net, $60,707.
EARNINGS.
-Operates 34 miles of track from Petaluma through Sebastapol
ROAD.
to Santa Rosa. Connects at Pelatuma with steamers for San Panels co
Standard gauge, 70-lb. T-rails.
OFFICERS.-Pres., Wm. A. Cattell; V.
-P., John A. McNear: Sec. and
Treas., Thos. Archer; Mgr., E. M. Van Frank. V. 78, p. 103; V. 80,
p. 1913; V. 81, p. 508, 614.

PHILADELPHIA, PA.

AMERICAN RAILWAYS CO.
-

-The American Railways Co. was incorporated under
ORGANIZATION.
laws of New Jersey in 1900 as a consolidation of the former American Railways Co. and the United States Electric Ry. & Lt. Co., which latter had
only $1,000 of outstanding stock. Stock and coll, trust bonds of 1901 are
listed on the Philadelphia Stock Exchange. In Dec. 1905 purchased a controlling interest in the Scranton Ry. Co., paying par ($50) for both common
and preferred stock. V. 81, p. 1847. The pref. stock of the Scranton By.
was paid for in the trust certificates given below (V. 81, p. 1847), which
were listed on the Phila. Stock Exchange in June 1906. V. 82, p. 1375.
In 1906 disposed of its holdings in the stock of the Springfield Light & Power
Co., but for legal reasons it was impossible to liquidate the company. The
stock was thereupon reduced to 7 shares, and is all owned by the American
Rys. Co. The $2,500,000 new Issue of collateral trust bonds was made in
June 1907, and a syndicate was formed to underwrite a block of these bonds.
See V. 84, p. 1367.
STOCK AND BONDS.- Date.
Interest. Outstanding. Maturity.
$5,C;35,1005far16'08 1%
Common $25,000,000 ($50) -Q-M
5 g J-D
Collat Trust $2,500,000 gold 1901
2,435,500 Dec 1 1911
cony ($500 & $1,000)....c• Int. at Prov. Life & Tr. Co., Phila., Trustee.
Collat Trust $2,500,000 gold 1907
5 g A-0
315,000 April 1 1917
c• Int. at Equitable Tr, Co., Phila., Trustee.
($1,000 & $500)
5 g M-S
Scranton Ry tr certfs $1,500,- 1905
1,499,000 Sept 1 1935
(Int. at New York Trust Co., N. Y., Trustee.
000 gold ($1,000) reg
-The collateral trust bonds of 1901 are redeemable at 105 and acBonds.
crued interest after Nov. 1 1904, and were convertible into stock at par at
option of holder at any time before that date. See V. 73, p. 1158' V. 74, p
935. $64,500 were so converted. The collateral for the bonds consists of
$1,050,000 stock (out of $1,100,000 issued) of the People's By. of Dayton:
$1,600,000 first consol. 5s of the Chicago & Joliet Electric Ry. and $500,000
first mtge. 6s of the Springfield (0.) By.
The collat. trust issue of 1905 is secured by deposit of a like amount of
Scranton By. pref. stock. They are redeemable since March 1 1907 at
102A and accrued interest. V. 81, p. 1847.
The 1907 coll, trust bonds are redeemable on any int. date at 102 and
interest. The collateral for the bonds consists of $1,475,000 stock of the
Altoona & Logan Val.Elec. Ry.and $1,975,000 stock of the Scranton Ry.Co.
CONTROLLED.
-The following is a list of the securities owned,by the
American Railways Co. June 30 1907.
Book
Owned by
Outstanding. A. R.Co.
Value.
Altoona & Logan Valley stock
$1.500,000 $1,500,000 $403,750
Bridgeton Electric Co., stock
25,000
17,270
25,000
Bridgeton & Millville (N. J.) Traction
Co. stock
200,000
159,364
200,000
Chicago Union Traction Co. stock
(Preferred, 500,0001.
75,000
1Common, 250,000f
Deliwood Park Co. stock
150,000
150,000
150,000
*Du Page Construction Co. stock
25,000
25,000
25,000
Franklin Real Estate Co. stock
10,000
10,000
10,000
People's By. of Dayton,0.,stock
1,100.000
1,100,000 1,334,228
Scranton Railway Co__ __jCommon
2,000,000
1.997,500 2,001,025
'(Preferred- 1,500,000
1,499,100 1,499,090
. .
Springfield Light & Power Co. stock_ _
700
700
700
Springfield,0.,By, Co__(First M. 6s_ _ _
500,000
500,000
500,000
'(Stock
1,000,000
994,400 • 39,959
1111Mil•••••

* The Du Page Construction Co. owns all the stock ($2,300,000) and all
the bonds ($1,600,000) of the Chicago & Joliet Electric Ry, and all the
stock ($1,100,000) and all the bonds ($1,000,000) of the Chicago & Desplaines Valley Electric Ry.
Treasurer's Report for Twelve Months ending June 30.
•
1907.
1906.
1904.
1905,
Gross income, all sources
$527,083 $488,711 $444,254 $443,198
deductions from Income
142,504
Total
141,482
172,733
180,757
Net income
Dividends (6%)

$384,559
304,392

$345,229
251,385

$283,197
234,742

$270,463
234,180

Surplus
$38,283
$80,167
$28.755
$93,844
-First dividend on American Railways Co. stock, 1 %
DIVIDENDS.
1)ec. 1900, and regular quarterly payments since then, but rate increased
to 1 % Dec. 1901, and then to 1 % Dec. 1902, which rate has been continued up to and including March 1908. • • • • • • • • • • • • • •




CONTROLLED COMPANIES of the American Railways Co. (including
the Scranton By. for the last six months only). For year ending June 30
1907. the companies controlled earned combined, gross, $2.855,320.
ROAD.
-Total track of all properties, 303.76 miles. Also owns 245 acres
of land for parks in Altoona. Dayton, Springfield. Bridgeton and Joliet.
-P..
OFFICERS of American Railways Co.: Pres., J. J. Sullivan; 1st V.
W.F. Harrity; 2d V.
-P., C. L. S. Tingley; Sec. and Treas., Waiter W.Perkins; Asst. Sec., Treas. and Comp., Frank J. Pryor. Jr.; Counsel, Silas W.
Pettit; Gen. Mgr., H. J. Crowley. General offices, 904 to 913 Witherspoon
Bldg., 1321 Walnut St., Philadelphla.-V. 83. p. 886,1409: V.84, p. 1385;
V. 84, p. 1549, 721, 789.
-Trolley.
(1) Bridgeton & Mill villa Traction.
ORGANIZATION.
-Chartered in New Jersey as successor May 3 1897
to the South Jersey Traction Co., sold in foreclosure. Company owns two
toll roads besides the trolley road. Franchise is perpetual.
STOCK AND BONDSInterest. Outstanding. Maturity.
Date.
Stock,$500,000 ($50)
$200,000
Cirst mtge $500,000, gold,} 1900
500.000 Jan. 1 1930
5 g J-J
guar ($1,000 and $500), Interest at Equitable Trust Co.. Philadel(cannot be called)
phia, Trustee.
*c
Bonds.
-For form of guaranty by American Railways Co. see V. 71, p.
491. The bonds were listed on the Philadelphia Stock Exchange in Feb.
1901. The following are deposited as security under the mortgage:
1,000 shares of the stock of the Bridgeton Rapid Transit Co.
377 "
" "
' Bridgeton & Miliville Turnpikt Co.
250,000 (entire issue) 5% gold bonds of the Bridgeton Electric Co.
ROAD.
-Bridgeton to Millville, 11 miles; Bridgeton to Cedarville, 8(
miles; Bridgeton, local, 5% miles; also an extension from Cedarville to
Port Norris, 12H miles. Total, 37 miles.
OFFICERS.-Pres., J. J. Sullivan; V.
-P., H. J. Crowley; Sec. and
Treas., C. L. S. Tingley; Gen. Mgr., B. F. Hires.
-V.72, p. 282.
(2) Bridgeton Electric Co.
-Acquired in 1899 by American Railways Co.
ORGANIZATION.
-Chartered in New Jersey Dec. 2 1895. Supplies
light and power in Bridgeton, Cedarville, Newport. Fairton, Dividing Creek
and Port Norris, N. J. Stock, $25,000. Bonds, $250,000 first mortgage
5% gold bonds, $1,000 each, dated July 1 1900. due July 1 1930. interest
J. & J. at office of the company; Real Estate Title Insurance & Trust Co..
Philadelphia, Trustee, all pledged with the trustee of the mortgage of the
Bridgeton & Miliville Traction. This was done so as to bring the two prop.
erties (which are practically one) under the one mortgage.
(3) Chicago & Desplaines Valley Electric RyORGANIZATION.
-Incorporated in 1901 as a consolidation of the
trio rty. & Desplaines Valley Electric Ry. and the Desplaines Valley EkeChlcago
$
Interest. Outstanding. Maturitier
STOCK AND BONDSDate.
.
Stock, $1,100,000
5 M-N
First mortgage, $1,000,0001 1901
1,000,000 May 1 1931
($1,000) gold
*elInt. at Illinois Tr. & Say. Bk.. Chic., Trustee
Bonds.
-The full issue of the new first mortgage bonds has been deposited
as collateral security under the bonds of the Chicago & Joliet Electric By.
The Du Page Construction Co. owns the entire capital stock, of which
$1,000,000 is pledged under the mortgage of the Chicago & Joliet Electric
Ry., and also owns the entire $1,000,000 bonds, the whole amount being
pledged.
.-Extends from the Will County line, where it joins the Chicago &
Joliet Electric By., to the city line of Chicago on Archer Ave. Total, 41
miles. Branch from Summit to Lyons. The through route Chicago to
Joliet was opened Sept. 25 1901.
OFFICERS.-Pres., J. J. Sullivan; V.
-P., H. J. Crowley; Sec. and
Treas., C. L. S. Tingley; Gen. Mgr., J. R. Blackhall.-V. 73, p. 183.
(4) Chicago & Joliet Electric Ry.-Trolley.
ORGANIZATION.
-Incorporated as a consolidation of the Chicago &
Joliet Rapid Transit Co., the Joliet Street By. and the Joliet RR. Is operated by power purchased from the Economy Light & Power Co. of Chicago.
V. 73. p. 844. The Du Page Construction Co. owns the entire outstanding;
$1,600,000 bonds and the entire $2,300.,000 capital stock, and that company's entire stock is owned intum by the AmericanRys. Co. In Nov. 1905
the American Rys. purchased 63 acres of land near Joliet,which was converted into a park. This park is owned by the Dellwood Park Co., all of
whose stock is owned by the American Railways Co.
STOCK AND BONDSInterest. Outstanding. Maturity.
Date.
Stock, $2,300,000 ($100)
.
$2,300,000
Chicago & Joliet Electric RyJ 1901
5 g M-N
1,600,000 May 1 1931
gold, $2,000,000 ($1,000)c* Int. at Illinois Tr. & Say. Bk., Chic., Trustee.
ollet RR general mtge, goldj 1898
5 g M-N
400,000 Apr.30 1918
3400,000 ($1,000 each)_.1Portland (Maine)Trust Co., Trustee.
-01 the new $2,000,000 mortgage, $400,000 are reserved to retire
Bonds.
underlying liens. $2,200,000 of the outstanding capital stock of the Chi.
cago do Joliet Electric Ry. $1,000,000 of the $1,100,000 stock, and $1,000,000 (entire issue) bonds of
Chicago & Desplaines Valley Electric Ry.are
deposited under this mortgage as collateral security. Entire issue of the
$2,000.000 gold 5s may be called after May 1 1902 at 105 and interest.
ROAD.
-Extends from Joliet to the Will County line, where it connects
with the Chicago & Desplaines Valley Electric By. for Chicago. Has 41
miles of track. Line between Joliet and Chicago was formally opened
Sept. 25 1901.
OFFICERS.-Pres., J. J. Sullivan; V.
-P., H. J. Crowley; Sec. and
Treas., C. L. S. Tingley; Gen. Mgr., J. R. Blackhall.-V. 73, p. 183,722.
-A trolley road.
(5) People's Railway (Dayton).
Acquired in 1899 by the American Railways Co.
-Incorporated in Ohio June 18 1896. Comprises 31
ORGANIZATION.
miles of track in Dayton, Ohio; operates 121 cars. The American Railways
Co. owns entire capital stock.
Interest. Outsinading. Maturity.
STOCK AND BONDSDate.
$1. 0 00000
300
1
Stock, $1,100,000 ($100)
First mtge "White Line,"} 1895
0:0 Oct. 1 1925
5 g A-0
$300,000 ($500) gold. red Interest at Union Savings Bank & Trust Co..
Oct 1 1900 at 110
Cincinnati, Trustee.
First mortgage "People'g Ry"1 1897
200,000 Jan. 1 1927
5 g J-J
$200,000 ($500). gold, red Interest at Union Savings Bank ec Trust Co..
after Jan. 1 1902 at 110_ -4 Cincinnati, Trustee.
OFFICERS.-Pres., John A. McMahon, Dayton; V.
-P., H. J. Crowley;
Philadelphia; Sec. and Treas., C. L. S. Tingley, Philadelphia; Asst. Sec.,
Eugene VVuichet, Dayton; Gen. Mgr.. Geo. C. Towle.
-V.69, p. 744.
-Trolley.
(6) Springfield (Ohio) Railway.
ORGANIZATION.
-Incorporated in Ohio Oct. 20 1892; 9,944 shares of
the capital stock have been acquired by the American Railways Co.. which
also owns the entire issue of first mortgage bonds.
STOCK AND BONDSDate.
Interest. Outstanding. Maturity.
Stock (par, $100)
$1,000,000
First mortgage, $500,000, goldj1893
6 J-J
500,000 Jan. 1 193
'(Interest at First Nat. Bank,Springfield, 0'
ROAD.
-Owns 30.3 miles of track. Operates 62 cars. A 3-mile extension was completed In 1907.
OFFICERS.-Pres., Oscar T. Martin; V.
-P., H. J. Crowley; Sec. and
Treas.. C. L. S. Tingley; Gen. Mgr., John H. Miller.
-V.69. p. 439.
(7) Altoona & Logan Valley Electric Ry -Trolley.
ORGANIZATION.
-Incorporated in Pennsylvania Aug. 5 1903. Owns
the entire $65.000 stock of the Lakemont Park Co.; also $39,000 of the $40,000 stock of the Home Electric Light & Steam Heating Co. of Tyrone, and
leases that company for 99 years from July 1 1903; $35,000 of this stock Is
deposited as additional security for the consolidated mortgage. In Aug.
1903 absorbed by consolidation the City Passenger Ry.and the Tyrone Electric Ry. (previously owned), and Increased its capital stock from $500,000
to $1,500,000. V. 77, p. 1745.
The American Ralways Co. owns entire stock Altoona & Logan Valley
Electric By.
STOCK AND BONDSDate.
Interest. Outstanding. Last div..&c.
Stock, $1.500,000 ($50)
$1,500,000 In 1905-08.8
Consol mtge $4,000,000 gold} 1903 4g F-A15 3,100,000 Aug.15 1933
($500 and $1,000) guar by Interest at Equitable Trust Co.. Philadelphia
American Rys Co
c&r
Trustee.
Bonds.
-Of the new $4,000,000 mortgage $900,000 are reserved for extensions. These bonds are guaranteed, principal and interest, by endorsement by American Railways Co. No sinking fund and not subject to call.
Dividends.
-In 1896 paid 2;,‘ %; in 1896-97, 21i %; in 1897-98, 1898-99,
1899-00, none; in 1900-01, 814 %; in 1901-02. 10 %; in 1902-03. 10 %; in
1903-04, 5f c7O; in 1904-05. 5.7%; 1905-08. 6%.
EARNINGS.
-For year ending June 30 1908, gross. $510,949; net.
$235,727; fixed charges, $145,890; dividends, $90,000; surplus, $37. • •

80

STREET RAILWAYS.

ROAD.
-Operates 50.4 Miles of track, connecting Altoona, Bellwood.
Hollidaysburg and Tyrone. Extensions aggregating 4 miles were built during 1907. Gauge, 5 ft. 3 in. Operates 92 cars.
OFFICERS.-Pres., J. J. Sullivan; V.
-P., H. J. Crowley; Sec. and
Treas., C. L. S. Tingley; Gen. Mgr., S. S. Crane.
-V. 79, p. 680; V. 80.
p. 649, 710, 2456, 2619; V. 82, P. 333, 391, 803.
-A trolley road.
(8) Scranton Railwa y.
-On Jan. 1 1897 assumea all the assets and liabilities
ORGANIZATION.
of the Scranton Traction Co., &c. V. 63, D. 1064; V. 64, p. 85.
The company owns all the stock of the Carbondale
the Pittston &
Scranton Street By. and the Lackawanna Valley Traction Co. and practiRy..
cally all of the stock of the Scranton & Pittston Traction and the entire
Scranton & Carbondale Traction and the Ridge Turnpike Co.;
stock of the
also $25,000 of the $100,000 stock of the Scranton Dunmore ec Moosic Lake
Railroad Co., the entire issue of the new Carbondale Ry. mortgage ($300,000), $112,500 of the $115,000 bonds of the Lackawanna Valley Traction
.
Co. and $60,000 of the $355,500 bonds of the Scranton & Pittston Traction
Co.
STOCK AND BONDSDate,
Interest. Outstanding. Maturity.
Common, $4,500,000 ($50)_
$2,000,000
Preferred, 5% cumulative,lAll but $900 of the preferred stock has been
$1,500,000 ($50)
retired by the issue of trust certificates.
See statement of American Rys. Co.above.
Scran Trac 1st M, $1.000,000 t 1892
1.000,000 Nov. 1 1932
6 g M-N
($1,000) g.oltl, no option_c*fInterest (x) at American Rys. Co., Phila.
Scran Pass By 1st M ($1,000)_ 1890
100,000 May 1 1920
6 M-N
Scran Sub 1st M g ($500, &c)J 1890
6 g M-N
200,000 May 1909
gold, guar p & I
c*A Farmers' Loan & Trust Co., N. Y., Trustee.
People's St Ry 1st M ($1,000) g 1888
6 g F-A
200,000 Aug. 1 1918
People's St Ry gen mtge, gold_ 1891
6 g J-D
100,000 Dec. 1 1921
Scranton By M. 52,500,0001 1897
5 g J-J
900,000 Nov. 1 1932
gold ($1,000)
c*INew York Trust Co., New York City. Trustee
Scranton Ry gold collateral 1900
5 g J-J
500,000 Nov. 1 1932
trust, $500,000 ($1,000, Provident Life & Trust Co., Phila., Trustee.
$500)
c* Int.(x) at office in Scranton,or agencyRhila.
x Free of United States and Pennsylvania State taxes.
Bonds.
-Of the $2,500,000 Scranton By. mortgage 5s of 1897, $1,800,000

are reserved to retire prior 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 any time
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 consist of all the stock ($450,000) and the entire Issue
($300,000) of the Carbondale Railway Co. mortgage of 1900; also $498,700
out of the $500,000 stock of the Scranton &Carbondale Traction Co.;
$943.775 out of the $976,125 stock of the Scranton & Pittston Traction Co.;
likewise $60,000 out of the $355,500 bonds of the latter.
ROAD.
-Owns and operates all the street roads in and around city of
Scranton, having an aggregate mileage as follows:
Miles. Lackawanna Valley Traction__ 3.94
Owned41.67 Carbondale Railway
Scranton Railway
16.06
Miles. Pittston & Scranton St. Ry
2.22
Leased12.51
Scranton & Pittston
4.94
Total system
81.55
Scranton & Carbondale
REPORT.
-Now included in report of American Railways Co.
-P., Henry J. Crowley; Sec. and
OFFICERS.-Pres., J. J. Sullivan; V.
-V. 78, p. 49, 989; V.81, p 1850;V 84,p,1368.
Treas., C. L. S. Tingley.
-A trolley road.
(a) Carbondale Railway.
This is the old Carbondale Traction Co., which was sold at foreclosure
in 1900. The Scranton Railway Co. owns all the stock of the Carbondale
By., also the $300,000 5% gold bonds due June 11926. Road is leased to
Scranton By.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date,
$450,000
Stock auth, $450,000 ($50)_ _
150,000 July 1 1922
6 g J-J
1st M, Carbondale Traction} 1892
Co., c•&r, $150,000, gold Interest at Central Trust Co., New York,
Trustee.
($500 and $1,000)
300,000 June 1 1926
Carbondale R'way, 1st mort-i 1900 '5 g J-D
gage, $300,000, gold, regis- }Interest at American Rys. Co., Philadelphia.
J Geo. L. Estabrook, Philadelphia, Trustee.
tered
-First mortgage of Carbondale Traction, due 1922, has a sinking
Bonds.
fund of $2,500 per annum after July 1 1895, but bonds cannot be called.
The new bonds due 1926 have no sinking fund, but can be called at any
time at 105 and accrued interest upon 10 days' notice.
-System includes 16.06 miles of road, beginning at Forest City,
ROAD.
Pa., and running through Vaudllng, Richmondale, Wilson Creek, Simpson,
Carbondale, Mayfield, Jermyn, Archbald to Peckville, where it connects
-V. 69, p. 1061; V. 70, P. 75.
with Scranton lines.
-A trolley road.
(8) Scranton & Carbondale Traction.
-Chartered Feb. 23 1893. Leased to and operated
ORGANIZATION.
by the Scranton Railway Co., which owns all the stock. Owns the entire
capital stock of the Blakely & Dickson Trac. St. Ry.
-Miles. Date. Interest. Outstanding. Maturity.
STOCK AND BONDS
Stock
$500,000
1893
6 g J-J
1st mtge, $1,000,000,1 5
150,000 Jan 1 1923
c* Interest at American Rys. Co., Philadelphia.
gold ($1,000)
Lackawanna T. & S. D. Co., Scranton, Trustee.
Free of State tax.
Bonds for $100,000 are reserved for power plant, if required, and $750,000
for purchase of other railroads and new property.
-Owns road extending from Scranton to Archbald, Pa., about
ROAD.
5 miles; connects with Carbondale Railway to Carbondale.
-A trolley road.
(c) Scranton & Pittston Traction.
-Chartered Sept. 8 1893, and leased for 50 years to
ORGANIZATION.
Scranton By. Co., which owns nearly all the stock and $60,000 of the bonds.
This co. owns the entire stk. of the Lackawanna St. By. Co., the Pittston
Jenkins & Avoca St. By.,the Pittston Sub. Pass. By.and the Stark LandCo.
STOCK AND BONDS-Miles•Date. Interest. Outstanding. Maturity.
15
Stock (par $100)
*355 525 Oct 1 1923
$976 100
:
6 g A-0
Mtge $525,000, g ($1,000} 15 1893
and $500), el', guar by Interest (x) at Union Trust, Trustee, Phila, Nos.
1 to 400 $1,000 each and Nos. 401 to 650 $500.
Scranton Trust

ivoL. Lxxxvi.

NEW YORK-PHILADELPHIA CO.
-On Feb. 21 1908 U. S. Circuit Court Judge Lanning apReceivership.
pointed J. Kearney Rice of New Brunswick receiver.
ORGANIZATION,
-Incorporated in New Jersey, and owns the entire
capital stock of the Trenton & New Brunswick RR. and the N. J. Short
Line RR. and a majority (about two-thirds) of the stock of the Camden &
Trenton By. By this ownership and a perpetual traffic contract with the
Public Service Corporation for terminals in Jersey City, operates electric
cars between New York and Philadelphia. A. N. Chandler & Co. of Philadelphia own a majority of the stock.
STOCK AND BONDS-- Date.
Interest. Outstanding. Maturity.
_
Stock, $1,000,000
$1,000,000
1st trust mtge, $4:000,000,1 1905
5 g M-S
600,000
1935
gold ($500 and $1,000) _ J Guaranty Trust Co., New York, Trustee.
-Are redeemable at any time at 105 and interest. They are
Bonds.
secured by deposit of a majority of the stock of the Camden & Trenton Ry.
and the entire stock of the Trenton & New Brunswick RR. and the New
Jersey Short Line RR. Interest payable in New York and Philadelphia.
V. 80, p. 712. 1175, 1235; V. 81, p. 1101; V. 85, p. 1210, 1270, 1519; V. 86,
p. 53, 229, 481.
(1) New Jersey Short Line RR.
Receivership.
-On Feb. 21 1908 Judge Lanning appointed David F. Carver of Newark as receiver.
ORGANIZATION.
-Stock all owned by the New York-Philadelphia Co.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
Stock, $3,000,000 ($100)$2,100,000
5 g A-0
1st mtge, $2,500,000, gold) 1904
1,750,000 Apri 1 1934
fFinance Co. of Pennsylvania Phila., Trustee.
($500 and $1.000)
-No sinking fund and are not subject to call. '
Bonds.
$750,000 are reserved for the acquisition of additional properties.
-Is constructing a double-track road 20 miles in length (40 miles
ROAD.
of track) on private right of way,from New Brunswick, where connection is
made with the Trenton & New Brunswick RR., to Eizabeth, where it
connects with the Public Service Corporation and will form part of a through
line from New York to Philadelphia. Pending completion cars are operating
between New Brunswick and Elizabeth by way of Bound Brook.
-Trolley.
(2) Trenton & New Brunswick RR.
Default.
-Interest due Jan. 1 1908 on the $1,000,000 1st mtge. bonds
was defaulted. V. 86, p. 230.
Receivership.
-On Feb. 21 1908 Judge Lanning appointed David F. Carver
of Newark receiver.
ORGANIZATION.
-Incorporated in New Jersey on Dec. 10 1901, under
the General Railroad Law. Entire capital stock is owned by the New YorkPhila. Co., and road forms part of the through line from New York to Phila.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
Stock, $1,000,000 ($100)_
$1,000,000
1st mtge. $1,000,000, gold) 1901
1,000,000 Jan 1 1932
5 g J-J
($500 and $1,000)
c* J Finance Co. of Pennsylvania, Phila.,Trustee.
Bonds.
-No sinking fund and cannot be called.
ROAD.
-Owns about 25 miles of standard-gauge track between Trenton
and New Brunswick. over private right of way.
-V. 78, p. 230; V. 79, p.
2087; V. 80, p. 164; V. 86, p. 230.
(3) Camden & Trenton Railway.
-Trolley.
Receivership.
-On Feb. 18 1908 at Trenton, N. J., Vice-Chancellor
Walker appointed Wilbur F. Sadler Jr. of that city receiver on application
of former President Henry V. Massey, a shareholder. The company defaulted Nov. 1 1907 in payment of interest on its $710,000 1st mtge. bonds,
and the interest due Jan. 1 1908 on the $622,500 gen. mtge. bonds was
also defaulted. See V. 86, p. 228.
ORGANIZATION.
--Incorporated in New Jersey on Dec. 15 1897.
about two-thirds of the stock is owned by the New York-Philadelphia Co.,
and road forms part of the New York-Philadelphia through line.
Owns 395 out of 400 shares (par $50) of the capital stock of the Cinnaminson Electric Light, Power & Heating Co. of Riverton, N. J., which supplies the towns of Beverly, Delanco, Riverside, Riverton and Palmyra with
light. Also owns 1,362 shares (par $10) out of 1,600 shares of the capital
stock of the Bordentown Electric Light & Motor Co., which supplies light
to Bordentown and vicinity. The bonds below, besides being secured by
mtge. on the road between Camden and Trenton, are further secured by a
deposit of the holdings of the stock of these two companies. Stock and
0'5 first mtge. bonds are isted on the Philadelphia Stock Exchange.
Leases the Trenton Terminal RR.
Interest. Outstanding, Maturity.
STOCK AND BONDS- Date.
Stock, full paid
($10)$1,750,000
5 g M-N
710,000 Nov 1 1929
1st mtge, gold, $750,000 1899
($500 and $1,000)
c* Provident Life & Trust Co., Phila., Trustee.
622,500 July 1 1931
1st gen'i mtge, $1,750,000 1901
5g
($500 and $1,000), goldc'jProvident Life & Trust Co., Phila., Trustee.
Bonds.
-Of the $750,000 bonds, $40,000 are reserved (uncertified) to retire like amount of bonds of the Cinnaminson Electric Light & Power Co.
due April 1 1914. V. 70, p. 279.
Of the $1,750,000 issue, $750,000 are reserved to retire above outstanding
prior liens and the remaining $377,500 is held for extensions at not exceeding
90,000 per
;40,000 per mile in Trenton and Camden and not exceedin- "
mile outside those cities.
EARNINGS.
-For cal. year 1906, gross, $175,933; expenditures for operations, superintendence and management during year, $131,868.
ROAD.
-Comprises the electric-light plants and 38 miles of road between
Trenton and Riverton (where connection is made with Camden & Suburban
By. tracks). By a contract between this company and the Camden & Suburban, the Camden & Tren. By. cars run direct to the Philadelphia Ferry at
-V. 79, p. 2084; V. 80, p. 162; V. 86,
Market and Federal Sts., Camden.
p. 228, 479.

-A trolley road.
PHILADELPHIA & WEST CHESTER TRACTION.
The Eastern Securities Co. has acquired control.
ORGANIZATION.
-Chartered in Pennsylvania on April 24 1895. Municipal franchises are perpetual. In 1898 acquired control of the Phila. &
West Chester Turnpike Road Co., which in turn controlled the Delaware
County Passenger BR. Also controls the Phila. Castle Rock & West Chester Passenger fly. Co. In Jan. 1902 leased the Ardmore & Llanerch St.
By.. a line between the points named, 31-3 miles; it has no bonds or other
debt. Rental is 5% on the outstanding stock ($300,000 auth., $280,400
outstanding) and payment of taxes and organization expenses. Leases
z Both principal and interest are payable free from all United States and the Philadelphia & Garrettford St. BY. (which It also controls) at 5% on
State of Pennsylvania taxes.
stock and interest on bonds.
•01 the bonds outstanding $295,500 are guar. by the Scranton Ry.; the
STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
$740,000
remaining $60,000 are owned by the Scranton Ry.
Stock. $1,000,000 (par $50)_ _
400,000 Oct 1 1918
-Owns 1234 miles of track, uniting Scranton with Greenwood. 1st M,$400,000, gold, suhjectl 1898
ROAD.
5 g J-J
Moosic, Taylorville, Avoca, Pittston and Readham.
to call at 105 after Oct 1 oojInt. at Girard Trust Co., Phila., Trustee.
534,000 Jan 1 1954
-Earnings are now included in Scranton Ry.
EARNINGS.
Mtge. bonds,$1,000,000, gold 1904
4 g J-J
($1,000)
c* Int. at West End Tr. Co., Phila., Trustee.
(d) Pittston & Scranton Street Ry. A trolley road. Operated by the
438,000 Aug 1 1955
5 g F-A
PhIla & Gar 1st M, $a yoo,- 1905
report of that company.
Scranton By., and earnings included in
000. gold ($1,000)__ • _ ..cj Int. at West End Trust Co., Phila., Trustee.
-A trolley road. Operated by
(e) Lackawanna Valley Traction Co.
Bonds.
-$466,000 of the new 4s are reserved to retire $400,000 1st mtge.
Scranton By., and earnings included in report of that company. Owns bonds. Bonds of either Issue can be called at any time at 105 and interest;
the entire stock of the Olyphant & Winton Traction St. Ry., the Mt. no sinking fund. The Phila. & Gar. bonds can be called at 105 and interest
Vernon Elec. St. By. and the Olyphant Sub. Traction Co.
on any interest day.
EARNINGS.
-For fiscal year ending Nov. 30 1906, gross, $241,345; net,
FAIRMOUNT PARK TRANSPORTATION.
$98,364; fixed charges, $77,298; surplus, $21,066.
ORGANIZATION.
-A New Jersey corporationlormed in 1894. Char er
-Operates 30.44 mlles from the new Union Station of the Phila.
ROAD.
perpetual; license from Park Commission runs until July 24 1939. Owns an Rapid Transit at 69th and Arch sts., Philadelphia, to West Chester, of
electric railway in Fairmount Park. From Nov. 30 to May 1 operation is which 7.07 miles is leased. Gauge,5 ft. 2 in.; 58,60 and 70 lb. Trail. 32
optional. Owns Woodside Park. Road opened Nov 1896.
cars. Leases Phila. & West Chester Turnpike Road Co. for 999 years from
Interest. Outstanding.
STOCK AND BONDS- Date.
1895. Also Ardmore & Llanerch, 31-3m.. and Phila. & Garrettford, 3.16 m.
Stock, $2,000,000 ($50)_ _ __ Seeatext.
M t urity.
OFFICERS.-Pres., A. Merritt Taylor, 610 Arcade Bldg., Phila.; V.
-P.,
500,000 Sept 1 1912
5 g M-S
1st mortgage, gold, $500:000,1 1897
Atkens; Treas., C. L. RIM; Auditor, H. A. Sieber.
W.S. Taylor; Sec.,
call 105 after Sept 1 1902 Girard Trust Co., Philadelphia, Trustee. Office, 610 Arcade H. H.Phila.-V. 81, p. 727, 1551; V.
Bldg..
84, p. 1552.
($1,000)
c* As to bonds of 1897 see V.
, 5bP.
60 S
0
5 g M-S
2cli`mortgage, $250,000, gold) 1900
Sept . 1912
1
RAILWAYS COMPANY GENERAL.
($1,000)
c*fInt. at Girard Trust Co.
19,000Phila., Trustee.
ORGANIZATION.
-Incorporated at Trenton, N. J., Aug. 25 1899. Is
Bills payable Nov 1 1907_
empowered to build, lease, sell, purchase and operate street railways, elecBonds.
-New 2d mtge. can be called on and after Sept. 1 1902 at 105 and
tric light. gas, illuminating plants and water works, and also to acquire or
accrued interest on 30 days' notice.
dispose of the securities of the same. Stock auth., $700,000 shares $10' all
Dividends.
-First dividend paid Dec. 1 1897, 2%. None since.
Is listed on the Philadelphia Stock Exchange. Stock was origi-8.47 miles of track in West Park and East Park; crosses Schuy - , issued.
ROAD.
nally $10,000,000 (par $5) auth. and $1,500,000 outstanding, but was reRiver on a steel bridge. Rails are 90 lbs. 20 closed, 50 open cars.
kill
I duced in Oct. 1901 to $1,200,000 (par $10) by vote of
the stockholders.
EARNINGS.
-Year ending Oct. 31 1907, gross, $133,823; net, $68,705; V. 73, p. 338. In Sept.
1905 amount was again reduced, this time to
charges, $51,219; surplus, $15,576; net profits Woodside Park, $4,486.
$900,000 (V. 81,p. 841), and in Sept. 1906 was further reduced to $700,000.
-P., C. E. Platt; Sec. and V.83, p. 752. Control passed in Nov. 1902 to parties represented by PresiOFFICERS.-Pres., Charles A. Porter; V.
Treas•. W. C. Martin; Ridge Ave. Bank Building, Philadelphia.
-V. 65, dent Dick. In Dec. 1905 sold its holdings in the stock of the Michigan
p. 620; V. 70, p. 686; V. 71, p. 863.
Traction Co. and the stock and bonds of the Elmira & Seneca Lake By.




FEB., 1908.]

STREET RAILWAYS.

The following shows the securities held Feb. 1908:
Total Issue. Owned.
Lewisburg Milton & Watsontown Passenger (stock) __.$150,000 $130,000
150,000
Lewisburg Milton & Watsontown Passenger 55
150,000
2/,750
Milton Electric Light & Power (stock)
.
10,000
Montoursville Electric Light (stock)
10,000
75,000
Montoursville Passenger Ry, Co. 5s
75,000
75.000
Montoursville Passenger Ry. Co. (stock)
75,000
500,000
Michigan Traction Extension Co. 5s
500,000
-Gross of the railways controlled for the year ending Dec.
EARNINGS.
31 1907 were $49,333; of the electric light companies, $28,166.
-For years endInz June 30: Income from dividends on stocks
REPORT.
and interest on bonds of subsidiary companies: In 1907, $171,010; In 1906,
5135,512; salaries, rents, taxes, &c., in 1907, $8,628; in 1906. $15,916:
balance, stnplus, in 1907, $162,391; in 1906, $119,596.
T. D. Rhodes; V.
-P., F. J. Lisman: Sec. and Treas.,
OFFICERS.-Pres.'
H. C. Winchester; Asst. Treas., L. D. Maltble.-V. 79, p. 1267; V. 81, p.
841. 1044, 1793; V. 83, p. 433, 688, 732; V. 85, p. 601, 713.
(1) Lewisburg Milton & Watsontown Pass. Ry.-Trolley.
ORGANIZATION.
-Chartered Sept. 3 1897. Commenced operations in
Feb. 1898. Railways Company General owns all stock and bonds.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
Stock, $150,000 ($50) _
$150,000
1st mortgage, $150,000, gold l 1898
150,000 July 1 1928
5 g J-J
($1,000)
c•JInterest at Union Trust Co., Philadelphia.
EARNINGS.
-For fiscal year ending June 30 1907 were: Gross, $28,151:
net, $10,282; interest and taxes, $7,500; surplus, $2,782.
-10 miles of track between points named in title.
ROAD.
-P., L. D. Maltble
OFFICERS.-Pres., Evans R. Dick, New York; V.
Sec. and Treas., H. C. Winchester; Supt., L. H. Mountney.
trolley road.
-A
(2) Montoursville Passenger Railway.
ORGANIZATION.
-Chartered In Pennsylvania Juno 28 1807. Commenced operations Dec. 16 1807. 'elle entire stock and bonds are owned by
the Railways Company General. Stock authorized and issued, $75,000.
Funded debt authorized and issued, $75,000, % 30-year gold bonds
dated Aug. 11898,interest J&j. Operates 54 miles of track from Williamsport to Montoursville, Pa.
EARNINGS.
-For fiscal year ending June 30 1907 were: Gross, $21,182:
net, $8,065; fixed charges, $3,750; surplus, $4,315.
-P., E. D. Maltble; Sec. and
OFFICERS.-Pres., Evans R. Dick; V.
Treas., If. C. Winchester, 30 Broad St., N. Y.; Supt.. Richard Barrett.
(3) Milton Electric Light & Power Co.
-Chartered under the laws of the State of PennsylORGANIZATION.
vania Feb. 8 1892. Purchased the plant and franchises of the Thomson
Houston Electric Light Co. Authorized capital, $40,000, which was reduced to $27,750 Dee. 15 1806, all of which is owned by the Rys. Co. Gen'l.
-Gross earnincrs year ending June 30 1907, *20,839; net,
EARNINGS.
$2,345; charges, nil; surpluS, $2,345.
(4) Montoursville Electric Light Co.
-Chartered under the laws of the State of PennsylORGANIZATION.
vania Sept. 3 1897. Capital stock, $10,000, all owned by the Rys. Co. Gen.
EARNINGS.-Earnings year ending June 30 1007, gross, $7,327; operating expenses, 37,395; deficit, $68.

Number of passengers carried
Gross earnings
Operating expenses
Net earnings
Other income, Interest, &c
Total net income
Taxes and licenses
Union Traction dividend
Fixed charges

81
1906-07.
1905-06.
1904-05.
492,137,038 448,576,785 402,893,245
$18,095,503 $17,483,144 *16,188,645
10,046,487
9,153,603
8,183,437
$8,049,016
196,577

$8,329,541
193,103

$8,005,208
185,980

$8,245,593 $8,522,644 $8,191,188
$1,120,683 $1,075,216
$966,535
(5)1,500,000 (4)1,200,000 (4)1,200,000
5,943,432
.5,988,958
5,916,443

Surplus
$303,996
def$364,048
$108,210
OFFICERS.-Pres.. John B. Parsons; V.
-P., George D. Widener; 2d
V.-P.,Charies 0. Kruger; 3d V.
-P.,Alex. Rennick; Sec. and Treas., R. B.
Seltridge; Asst. Sec. and Asst. Treas., John B. Peddle; Compt., J. D.
Heistand.-V. 83, p. 38, 324, 563, 688, 750, 819, 1171, 1229, 1291, 1412,
1471; V. 84, p. 451, 571, 749, 804. 868, 1114, 1248, 1488, 1552; V. 85, p.
42, 222, 284, 346, 655. 718, 723, 1402.
(1) Doylestown & Willow Grove Ry.CO.
-A trolley road.
In July 1902 was acquired by the Philadelphia Rapid Transit through
purchase of the entire capital stock ($500,000) for $20,000. The Rapid
Transit Co. guarantees interest on the bonds. See V. 79, p. 1331.
STOCK AND BONDS.- Date,
Interest. Outstanding. Maturity.
Stock $500,000 ($50)
5500,000
1st mtge $500,000 ($1,000)1 1900
4 g J-D
500,000 June 1 1930
gold guar
c*J Land Title & Trust Co.. Phila., Trustee.
ROAD.
-Owns and operates 13 miles of road from Doylestown to Willow
Grove, running over the old turnpike between those places, which is leased
for 999 years.
EARNINGS.
-Included in Phila. Rapid Transit Co.
-V.79, p. 1331.
(2) Twenty-Second Street & Allegheny Ave. Passenger Ry.
ORGANIZATION.
-Formed in 1903 and merged the old Twenty-second
St. & Allegheny Ave. Pass. By. Co. (chartered 1890), the Fairmount &
Frankfort Ry. Co., Fisher's Lane Ry. Co.. Lindley Ave. Ry. Co., Cheiten
Ave. Pass. By. Co , Germantown & Fairmount Ry. Co. and the Phila. &
Trenton Rapid Transit St. Ry, Co. Is leased to the Phila. Rapid Transit
Co. for 6% per annum on paid-in capital.
STOCK AND BONDS.- Date.
Interest. Outstanding. Maturity.
Stock 31.302,000 ($50)
.
j 26,040 sh. 1
1 *25 paid. j
Due lessee June 30 1006
.
767,500
ROAD.
-Operates about 35 miles of track.
Treasurer, John B. Peddle.
(3) Philadelphia & Willow OrovelStreet Ry.Co.
ORGANIZATION.
-Is a consolidation In 1904 of the Phila. do Willow
Grove Street By. and the GlensIde & Wllow Grove Street fly. Entire
stock is owned by the Phila. Rapid Transit Co., which guarantees the bonds,
prin. ec int., by endorsement. See guar. V.79, p. 904.
STOCK AND BONDS.- Date,
Interest. Outstanding. Maturity.
Stock $1,000,000
$1,000,000
lst mtge $1,000,000 guar goldl 1904 434 g J-J
1,000,000 July 1 1934
($1,000)
csjInt. at Land Title & Tr.
Phila., Trustee.
Bonds.
-Bends are subject to call on any interest date at 105 and interen
Co.,
upon 30 days' notice. A sinking fund begins after 5 years; of $10,000 per
annum for five years, $15,000 per annum for following 5 years, and $20,000
per annum for the ensuing 15 years. See V.79, p. 904.
-Controlled by the Widener
PHILADELPHIA RAPID TRANSIT.
ROAD.
-Operates a double-track road from intersection of Weaver St.
syndicate.
or Cherry Lane with Montgomery County line to Willow Grove Park. ToPennsylvania on May 1 1902 to take over under lease the tal, 17 miles of track.
Incorporated in
-V.79, p. 904; V.81, p. 32.
Union Traction Co. for 999 years from July 1 1902, and to acquire and hold
(4) Darby & Yead9n Street Railway.
shares of other corporations. (For terms of lease, sec Union Traction beORGANIZATION.
-Entire stock ($5,000) is owned by the Philadelphia
Transit Co. acquired numerous franchises for new roads
low.) The Rapid
Rapid Transit Co.
obtained by the Mack-Foerderer syndicate in 1901. In June 1803 the MarSTOCK AND BONDS.- Date.
Interest, Outstanding. Maturity.
St. Elev. Pass. Ry. with 35.800.000 authorized capital stock, was
ket
Stock all owned
formed to absorb a number of these franchises. V. 76, p. 1301. In June 1st mtge $200,000by Phila. Rapid TransitCo.
gold gnarl 1904 43i g J-D
$200,000 Dec 1 1934
1903 the Rapid Transit Co. obtained from the Philadelphia City Councils
($1.000)
csjInt. at Land Title & Tr. Co.. Phila., Trustee.
other valuable franchises for new lines. In April 1906, however, an agreeBonds.
-Are
ment was entered into with the city relinquishing nearly all the rights to the Tran. Co. Areguaranteed, prin. & int., by endorsement by the Phila. Rap,
subject to call on any interest date at 105 and interest.
franchises of 1901 and 1903, and the whole matter of the company's franROAD.
-Comprises a line from the Philadelphia County line to Darby,
chise rights was readjusted on a new basis. See V.82, p. 693,870.
miles.
Elevated structure is being built upon Market St. from 23d St. to Dela- 234
--ware Ave., on Market St. west of the Schuylkill River, and on Delaware
UNION TRACTION.
-A trolley road.
Ave.from Market St. to SouthSt. V.74, p. 528,989; V.76, p. 1301 ; V 81,
Lease.
-The Union Traction Co. has been leased for 999 years from July
p. 265. In March 1907 began operating on that portion of the elevated
the Upper Darby terminal station, a dis- 1 1902 to the Philadelphia Rapid Transit Co. Lease rental (payable in
from the Schuylkill River west
tance of about 4 miles. V.84, p. 571. The portion of the subwayfrom tee gold) is $900,000 per annum (equal to 3% on tile face value of the $30,000,Schuylkill River to 15th St. was opened Dec. 15 1905. Remaining portion, 000 stock) for the first two years, $1,200,000 per annum (equal to 4% on
from 15th St. to Front St., is under construction and is expected to no com- stock) for the next two years, $1,500,000 per annum (equal to 5% on stock)
for the next two years and $1,800.000 per annum (equal to 8% on stock)
pleted in 1909.
In July 1902 acquired all the stock of the Doylestown & Willow Grove thereafter. The stockholders of the Union Traction Co. were given the
Ry. Co. Also owns entire stock of the Phila. & Wil. Grove Trac. Co. and right to purchase 150,000 shares of the new Rapid Transit Co. stock. V. 74,
entire stock (310,000) of the Real Estate Holding Co., which owns property p. 989. Included all the leading street passenger railway lines within the
city of Philadelphia at the time.
of an assessed value of $463,850.
ORGANIZATION.
-Chartered Sept. 13 1895, and acquired on or about
On July11006 the Phila. Morton & Swarthmore Ry. and the Media Middletown Aston & Chester Elec. Ry. were consolidated, forming the Darby Oct. 1 1895 all the shares of the Electric Trac. and People's Trac. compaMedia & Chester Ry. The new company was thereupon leased to the Phila. nies,In place of which were issued collateral trust certificates secured by the
Rapid Tran. Co. for 999 years, rental being $8,500 for first year, $17,000 shares placed In trust. In 1896 leased thee properties for 908 years and 3
for second and third years, $25,500 for fourth year, $34,000 for fifth year months from July 11896. On Oct. 1 1895 leased for 999 years the Philadelphia Traction at 8% on its capital stock and has "assumed" its 4%
and $42,500 for sixth year and thereafter.
With Aug'1 1006 the Rapid Transit Co. began to sell passengers 6 tickets collateral trust bonds. V. 61, p. 663. Leases (from Jan. 1 1898) Hestonvine Mantua & Fairmount Passenger Ry. for 999 years at 6% on preferred
for 25 cents. V. 82, p. 1439.
-On Feb. 18 1907 the board of direc- and 4% on common stock. See V. 66, p. 236. The Lehigh Ave. By. Co.
Adjustment of Relations with City.
tors accepted the plan submitted Jan. 1907 by the Retail Merchants' Asso- ($600,000 stock) was also leased for 999 years from July 1 1899. See terms
ciation of Philadelphia for a readjustment of the relations between the city of consolidation, &c., in statements for the constituent companies and V.
and company. The plan confers upon the city the right to purchase at any 61, p. 152, 197. 283, 663. The Philadelphia Rapid Transit now operates
time after June 30 1957 all leases, franchises and property of the company at the road.
OutInt. or
Maturity or
the company's actually paid-in capital, $30,000,000. The city is to have
STOCK AND BONDS- Date. Dividends.
standing.
last dividend.
the right to assign or sell this option. Furthermore, a sinking fund is to be
1600,000 shares. 1
established, to be taken out of the gross receipts of the company, which. Stock, $30,000,000
(par)$50
J-J
1317.50 paid in. 1.fan '08 2 %
calculated at 4%, will amount to at least $30,000,000 at the expiration of
29,730,114 red.aft. Oct. 1 '45
50 years, to enable the city to acquire the property at that time. Another Trust Co. certificates) 1895 4 g A-0
gold, guar. p. & I. byf Interest at Pa. Co. for Ins. on Lives & Granting
feature in the arrangement is that, beginning with Jan. 1 1907, the city is
Union Tr
Annuities, trustee.
to share equally in the net profits after stockholders have received lawful
4 g J-J
1,4 18,000
Interest on the capital invested by them. All franchises for further surface, Collateral trust first mon) 1902
July 1 1952
$1.500,000, gold__ _ _ f Land Title & Trust Co.,Philadelphia,Trustee.
elevated or underground railroads within the city are to be first offered the
Trust Certificates.
-The trust certifleates are not the direct obligations
Phila. Rapid Transit Co. under terms of this contract. The city is also to
have three members on the board of directors. The present rate of fare is of the Union Traction Co., but were issued by the Pa. Co. for Ins. on Lives
not to be changed except with the consent of both parties. As part of the & Granting Annuities to pay for the shares of the Electric and People's Tracarrangement, the Rapid Transit Co. agreed to call the $12,000,000 then still tion companies purchased and are secured by a deposit with the Trust Co.
due on its stock at the rate of $3,000,000 every six months, the money to be of all the shares of the stock of the Electric Traction Company and the
used to give increased and improved service. For further details of plan, Peoples' Traction Company thus acquired. See description of certificates
64, p. 135. They are guaranteed, principal and interest, by the Union
see V. 84, p. 451, 1552. An ordinance embodying the above features was In
V.
passed by the Phila. City Council on June 20 1907 (V. 84, p. 1488) and rati- Traction Co. and are redeemable at the option of that company on and after
fied by the company July 18 1907. On July 29 1907 directors called for Oct. 1 1945.
Collateral Trust Bonds.
-The collateral trust bonds were issued to fund
payment the final assessment of $15 a share on stock, payable in two installments, $750 Sept. 9 1007 and $7 50 Sept.7 1908. V.85. p.284,1402. the floating debt and are secured by the deposit of the 35,000 shares of the
common
Interest. Outstanding, Maturity. to call at stock of the Hestonville Mantua & Fairmount Pass. RR. Subject
STOCK AND BONDS.- Date,
105 and accrued Interest7 $52,000 has been retired by sinking fund.
J600,000 shares 1
Stock $30,000,000 ($50)
......
OFFICERS.-Pres., John B. Parsons; 1st V.
-P-, Geo. D. Widener; 2
1342.50 paid in.j
V.
-P., and Gen. Man., Charles 0, Kruger; Sec. and Treas., Robert B. SelMarket St El 1st mtge $10,-1 1905
g M-N $10,000,000 May 1 1955 fridge; Ass.
4
-Sec. and Treas., Jab. B. Peddle.
-V. 75, p. 31, 609, 1255,
000,000 gu gold(31,000)_c*JInt. at Land Title & Trust Co., Phila., Trus.
LINES CONTROLLED BY UNION TRACTION CO.
865,000 July 1 1936
Darby Media & Ches 1st mtge) 1906 4
g J-J
$1,500,000 guar p & int}Int. at Land Title & Trust Co., Phila.,Trus.
(1) Catharine & Bainbridge Streets Ry.-A trolley road.
($1.000) gold_
c!
-Incorporated May 14 1889, and leased to the PhilaORGANIZATION.
Stock was listed on the Phila. Stock Exchange in July 1902 and in Feb. delphia Traction Mar. 1 1890 for 99 years, and
Oct. 1 1895 operated
1905 on N. Y.Stock Exchange. A second call of $5 was made on the shares. by the Union Traction Company;in Sept.1895 since of
term
lease
payable July 6 1903; a third for $5 payable Jan. 20 1904, and a fourth for $5 from 99 to 999 years and stock from $150,000 to $400,000 was increased
(all owned by
payable Jan. 20 1905; a fifth of $5. payable July 10 1906, a sixth of $5, Union Traction Co.): rental is $24,000 yearly, besides
interest and taxes.
payable Dec.10 1906,arid a seventh, payable May 6 1907 and an eighth,
Date.
STOCK AND BONDSInterest. Outstanding. Maturity.
of 37 50, payable Sept. 9 1907, making 342 50 per share paid in.
Stock (par $50)
6% M'S $400,000
See text.
Bonds.
-The Market St. Elev. Ry, bonds cover the subway and the pro- First mort. $150,000
-($1,000)c 1890
5x
A-0
150,000 Apr. 1 1920
posed elevated road on Market St. See V. 80, p. 652. They are guar., Due lessee July 1 1906.
234,698
prin. & int. by endorsement by the Phila. Rap. Tran. Co. Are subject
Interest at Land T. & T. Co.. Trustee, Penn. Co. for Insur. on Lives,etc.
to call on sn'y interest date at 102 4 and Int. The syndicate purchasing the
Dividends.
-Dividends of 6% are paid-.
bonds was in March 1907 closed. V.84, p. 749. The Darby Media & ChesROAD.
-The road aggregates 11.36 miles of track.
ter St. By, bonds are guar., prin. & Int., by endorsement by the Phila. Rap.
(2) Citizens' Passenger Railway.
Tran, Co. Can be called at 102 and interest on or after July 1 1916.
ORGANIZATION.
-Incorporated Mar. 25 1858. Leased to Frankford
ROAD.
-Total trackage, including all lines leased and operated, 619.95
& Southwark Passenger Railway Company Apr. 1 1892 for 909 years' renmiles. Owns 3,828 cars.
,tal now $140,000 per annum, equal to
on stock, or $14 per $50 share.
ANNUAL REPORT.-Flseal year ends June 30. Annual report for This lease was assumed by the Electric 28%
Traction Company July 1 1893. The
1906-07 was given in V. 85, p. 718.
• Union Traction now operates the road.




82

STREET RAILWAYS.

Interest. Outstanding. Maturity.
STOCK AND BONDS- Mlles.
See text.
28 Q-J See text.
11
Stock $500,000 ($50)
Stock paid in $192,500; $20 on 8,500 shares and $15 on 1.500 shares.
Road. Columbia Avenue to Mifflin St.. 11 miles of track.
-A trolley road.
(3) Continental Passenger Railway.
ORGANIZATION.
-Incorporated 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 to Philadelphia Traction Company June 30 1884. Operated by Union Traction
Company since Oct. 1 1805. Stocks owned, per balance sheet July 1 1906,
$600.000.
Interest. Outstanding. Maturity.
Date.
STOCK AND BONDSf20,000 shs., 1
$6 J-J 1 $29 paid in. J See text.
Stock (par $50)
$280,000Jan. 1 1909
1879 6% J-J
First mort.. $5001
and $1,000
c.JInterest at Land T. & T. Co. Philadelphia, Pa.
Due lessee for additions July 1 1906, $672,260.
Bonds are subject to drawings of $20,000 Dec. 1 yearly. Trustee Land
Title & Trust Co. Own 10.07 miles of track.
(4) Electric Traction.
ORGANIZATION.
-Incorporated May 8 1893 and acquired control of
the Citizens' Passenger By., the Frankford & Southwark Passenger By.
and the Second & Third Street Passenger By. On July 1 1896 leased for
999 years the Citizens' Clearfield & Cambria St. Ry., the Citizens' East End
St. Hy.. the Brown & Parrish St. Ry., and the Citizens' North End St. By.
In 1895 the Union Traction Company acquired all the stock at the rate of
$85 per share for each share on which $50 had been paid on and $70 per
share for each share on which $30 had been paid, the Pennsylvania Co. for
Insurances on Lives & Granting Annuities Issuing therefor Its guaranteed
trust certificates. On July 1 1806 the Union Traction Co. leased the property for 998 years and 3 months. See V. 61, p. 197. and also "Union Traction."
Par. Dividends. Issued. Outstanding.
STOCK AND BONDS$8,297,920
_ _ _ _ _ $50
Stock (part $30 paid)
Stock authorized, 175,000 shares of $50 each; issued, 152,396 shares of
$50 paid and 22,604 shares of $30 paid, making total $8,297,920.
-Operates 128.17 miles of track. Rail 90 lbs.-V. 63, p. 557.
ROAD.
(5) Empire Passenger Rallway.-A trolley road.
-Incorporated Feb. 10, 1869. Leased Dec. 26 1873
ORGANIZATION.
to Citizens' Passenger Railway Company and the Seventeenth 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 Philadelphia Traction to the Union Traction Co. Dividends are $1 50
per $50 share each June 30 and Dec. 30-that is, are 6% per annum.
Interest. Outstanding. Maturity.
Date.
STOCK AND BONDS(All owned by Phila. Trust.) $600,000
Stock (par $50)
3 Mg. J-J 200,000 Mar. 1 1930
1900
gold1
mort.
First
$200,000 ($500)_c_'Land Title & Trust Co., Philadelphia, Trustee.
-The new 3s were issued to retire a like amount of ;7s due
Bonds.
July, 1000.
Due lessee company for additions July 1 1907, $705,715.
-V. 70, p. 1150.
-Owns 10.25 miles of track.
ROAD.
(6) Frankford & Southwark Passenger Railway
-Incorporated Apr. 4 1854. Acquired stock of
ORGANIZATION.
Lombard do South Streets Passenger Railway in 1890. Leased to the
Electric Traction Co. for 909 years from July 1 1893, dividends for the several years named below being guaranteed per share:
7th 8th 9th 10th & after.
6th
5th
4th
3d
2d
1st
$18
$12 $12 50 $13 $13 50 $14 $14 50 $15 $16 $17
STOCK AND BONDS- Miles. Date. Interest. Outstanding. Last div.&c.
$1,875,000
____ Q-J
45
See text.
Stock (par $50)
Debt of Controlled Lines (assumed by Electric Traction Co.)'
$150,000 Dec. 1 1951
1881 35i J-D
Lombard& SouthSts.1 10
Pass. 1st M. ($500}Interest at Real Estate Title Insurance & Trust Co.,
ei Trustee.
& $1,000)
4 A-0
132,100 Oct. 1 1935
1875
West End Pass. Ry.,} 9
mtg.ext. $150,000 Phila. Trust S. D. & Ins. Co., Trustee.
($100 & $500)__c. Int. at Land Title & Trust Co.
Interest on all loans payable by Elec. Tr. Co., 421 Chestnut St., Phila.
The Lombard & South Sts. Pass. issue of $150,000 was originally 5%.
but was called at maturity and then extended for 50 years from Dec. 1 1901
at 33 %. The West End Pass. By. mort. matured Oct. 1 1905 but was
extended for 30 years at 4%. V. 81, p. 166.
-Controls 45 miles of track, acquired as follows:
ROAD.
20 miles.
Frankford & Southwark Passenger Railway
19 miles.
Lombard & South Streets Passenger Railway
6 miles.
Lehigh Avenue Railway
-A trolley road.
(7) Germantown Passenger Railway.
-Incorporated Apr. 21 1858. Leased Oct. 1 1881
ORGANIZATION.
to the People's Passenger By. Co. for 909 years, but rental modified In
1893; stock since 1897 receives dividends yearly of $5 25 per share.
STOCK AND BONDS- Par. Date. Interest. Outstanding. Maturity.
Q-J
See text.
See text.
Stock $1,500,000___$50
-paid in $650,000; $15 per share on 20,000 shares and $35 per
Stock.
share on 10,000 shares.
-Owns 31 miles of track. Extension of 2,000 feet from Hillcrest
ROAD.
Avenue to city line completed in September 1898 forms, with the Boxborough Chestnut Hill do Norristown Passenger By.,a through line to NorrIstown.-V. 69. p. 695.
(8) Green & Coates Streets Phila Passenger Ry.
ORGANIZATION.-Incorporated Apr. 21 1858. Leased to People's
Passenger Ry. for 999 years from Sept. 1 1881 at an annual rental of $60,000, Interest on bonds (since fallen due) and expense of management.
STOCK AND BONDS Miles. Date. Interest. Outstanding. maturity.
$6 Q-J
V0,000 sh s.1 See text.
Stock (par $50)
$15 pd in. j
-J.) on par or 0% on amount paid in.
Dividends are 12% per annum (Q.
Owns 7 miles of road.
(9) Hestonville Mantua & Fairmount Pass. Ry,
ORGANIZATION.-Incorporated Apr. 6 1859. Franchise is perpetual.
LEASE.-Hestonville M. & F. road leased from Jan. 1 1898 to Union
Traction for 999 years at a rental of 6% on the preferred and 4% on the
common stock. By the terms of the lease the Fairmount Park do Haddington lease is assigned to the Union Traction,which assumesthe dividends guaranteed on that stock (all owned by Hestonville Co.) The Union Traction
assumes the bonded debt of both the Hestonville and Haddington companies and purchased 4,780 shares of the preferred at par and 35,294 of the
common Hestonville stock at $45 per $50 share. V. 66, p. 236.
Interest. Outstanding. Maturity.
$1,966,100f.p
STOCK AND BONDS- Date.
4 J-J
.See text
Common stock, par $50______
533,900 f.p. See text
6 J-J
Preferred stock, par $50
Consolidated M., $l.250,0001 1894 5-3;ig M-N *1,250,000 May 1 1924
Trust Co.
g., $500 453 $1,000_ _ _c*x Trustee, Girard
Guaranteed rental 999 year ease
6 g F-A
300,000
Fairmount Pk. & Haddingtonl ____
See text
Pass. By. St'k, par $50.1,,
101;060
240 008
"Leased Equipment Account." June 30 1907_ _
Due leased lines June 30 1007
Interest is payable in Philadelphia. z Free of tax.
* Of the $1,250,000 outstanding, $124,500 were issued Jan.1901 as 3)-s
to take up bonds of like amount of the Fairmount Pass. Ry due at that
time and $75,000 on Mar. 1 1002, to take up a like amount of 2d mortgage
Os maturing on that date.
Common stock authorized, 39,322 shares; preferred, 10.678 shares; par
value of each, $50; stock outstanding as In table.
-Owns 17.83 miles of track in Philadelphia; leased and operated
ROAD.
-V. 71, p. 1167.
5.35 miles; total, 23.17 miles.
-See Frankford do
(10) Lombard & South Street Passenger Railway.
Southwark Passenger Railway.
(11) People's Passenger Rallway.-An electric road.
-Chartered Apr. 15 1873. The People's Trac. Co.
ORGANIZATION.
on Apr. 15 1893 acquired the entire capital stock of this road at $70 per
share. The Traction Co. then leased the People's Passenger By. By a
tripartite agreement this lease was on July 1 1896 assigned to the Union
Trac. Co. for 998 years and three months. Rental is 10% per annum on
capital stock ($2.50 per share) as below shown, nearly all of which is pledged
for People's Traction Co. trust certificates.




iVoL. Lxxxvi.

Interest. Outstanding. Maturity.
Date.
STOCK AND BONDS10%M-S 31 a60,000 shs. See text.
____
Common stock ($25)
10 %M-S 31 a23,000 shs. See text.
Preferred stock ($25)
4 J-J 15
219,000 Jan. 15 1035
First mortgage ($1,000)_ „..c. 1874
5 J-J 15
Second mortgage, $500,0001 1881
285,000 July 1 1911
c.J Guarantee Trust & Safe Dep. Co.,Phila, Trus
($1,000)
5 5 M-S
246,000 Mar.1 1012
Con., M $1,125,000 ($1,000)1 1882
J Guarantee Tr. do Safe Dep. Co., Phila., Trus.
c&r
a Total stock paid in $740,965 50.
All interest at the office of the Real Estate Title do Tr. Co. The first mtge.
bonds matured Jan. 15 1905, but $219,000 of the $250,000 were extended
as 4s to 1935, the remaining $31,000 being canceled. Due People's Traction Co. July 1 1907 for construction and equipment, $5,848,595.
The stock acquired by the People's Traction Co. was pledged as security
for trust certificates. See People's Traction.
-Company operates 92.05 miles of track.
-V. 61, p. 469; V. 63,
ROAD.
p. 557.
-An electric road.
(12) People's Traction.
-A Pennsylvania corporation chartered in March
ORGANIZATION.
1893 to operate and equip with trolley the People's Passenger By., the
entire capital stock of which it purchased on or about April 15 1893. In
Oct. 1895 the Union Traction Co. acquired all traction stock at $76 per
share, the Pennsylvania Co. for Insurances on Lives and Grant. Ann.
issuing therefor its guaranteed trust certificates. On July 1 1896 the Union
Traction Co. leased the road for 998 years and three months.
Dividends.
Issued.
Date.
Maturity.
STOCK, &c.
See text. J200,000 shs.1
Capital stock ($30) (See ____
1 Full paid.) J
text)
$5,807,000
4 g F-A
Feb 1 1943
Trust certificates gold 1893} 1893
not
to call Interest, tax free, payable at Pennsylvania Co.
subject
for Insurances on Lives, dm,Phila., Trustee.
($1,000)
Trust certificates were issued by Pennsylvania Co.for Insurances, &c.,and
are secured by pledge of People's Passenger By. stock (see that company
above) and by contract of People's Traction Co., which guarantees principal
and interest. Issue limited to $1,000 for 14 2-7 shares deposited, making
total authorized, $5,810,000. Of this, $5,807,000 are outstanding. Sinking fund $25,000 yearly, beginning Feb. 1 1903.
(13) Philadelphia City Passenger Ry.-A trolley road.
ORGANIZATION.
-Incorporated April 9 1859. Leased to West Philadelphia Passenger Railway Co. 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 Philadelphia Traction Co. Oct. 1 1805 to the
Union Traction Co.
Outstanding. Maturity.
Interest.
STOCK AND BONDS. Date.
See text.
$7 M J-J J20,000 shs. 1
__
Stock $1,000,000 ($50)
1823.75 paidJ
$200,000 Jan 1 1910
5 J-J
First mortgage extended1 1861
($500) c
f Land Title & Trust Co., Trustee.
100,000 Mch 1 1035
Debentures ($500 &c)
ef
5 M-S
1Interest at Land Title & Trust Co., Phila.
-Owns 11.7 miles of track.
ROAD.
-A trolley road.
(14) Philadelphia & Darby y.
ORGANIZATION.
-Incorporated April 28 1857. Leased to the Philadelphia City Passenger Railway Co. for 999 years from Jan. 1 1870, for
$8,000 per annum and interest on bonds. Transferred under lease of
Philadelphia Traction Co. Oct. 1 1895 to Union Traction Co.
Interest. Outstanding, Maturity.
STOCK AND BONDS.
Date.
$200,000 See text.
4 J-J
Stock (par $50)
100,000 May 1 1927
4 M-N
First mortgage
ci
Int. at Land Title & Tr. Co.. Philadelphia,Pa.
ROAD.-Owns 14.80 miles of track.
(16) Philadelphia & Gray's Ferry Passenger Ry.-Trolley.
ORGANIZATION.
-Incorporated April 9 1858. Leased to Philadelphia
Traction Co. for 999 years from Jan. 1 1891 at rental, first 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 all taxes, running expenses, &c. Operated by Union Traction Co. since Oct. 1 1895. In March 1903 absorbed the
Schuylkill River Passenger By. and Increased capital stock to $1,000,000.
V. 78, p,654.
STOOK AND BON
te.
Interest. Outstanding. Last Div.. &c.
------See text.
Stock $1,000,000 ($50)
J 12,350 abs.)
$4 J-J
1 abt. $25 pd.)
Dividends at Real Estate Title Ins. & Trust Co. Owns 10 miles of track.
(16) Philadelphia Traction.
-A trolley road.
ORGANIZATION.
-Incorporated Aug. 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 fee. Under
the lease to the Union Traction Co., dated Oct. 1 1895, all the leases and
the securities owned were assigned to the Union Co., which assumes all
liabilities for rentals, &c.
The lease to Union Traction Co. is for 990 years from Oct. 1 1895. The
lease provides for dividends of $4 (8%) per annum on each $50 share,
payable in gold coin, free of taxes. The collateral trust 4s are "assumed"
by the Union Traction. See V. 61, p. 663, for extracts from lease. Philadelphia Traction stockholders were allowed to subscribe for new Union
Traction stock. See V. 61, p. 197.
STOCK AND BONDS.
Interest. Outstanding. Maturity.
Date.
$20,000,000 See text.
Stock $20,000,000 ($50) _ __
8 A-0
511,000 Aug 15 1917
Collateral trust gold bonds 1887
4 g F-A 15
}
$1,300,000 ($1,000) subject Int., free of tax, payable at Land T. do T.Co.
Insur. on Lives, Trustee.
to call at 105
or Penn. Co. for
es
$4,064,185
Open accounts July 1 1007
The bonds are secured by deposit of 5,100 shares of West Philadelphia and
1,750 shares Union Passenger Ry. stock. Loan, originally, $1,300,000, reduced to present figures by sinking fund drawings at 105 (about $35,000 a
year). These bonds and floating debt are "assumed" by the Union Traction
Co. under the lease.
Dividends1 '85. '88. '87. '88. '90.90 to'93'94. '95. '96 and since.
6
8
(2) 8%_per annum
Per cent
4
5
3 6
J 2
Under lease, dividends of 8% are guaranteed. V.61,13. 863; V.73, p.288.
ROAD.
-The system assigned to the Union Traction Co. aggregated 210
miles, consisting of the following "Passenger Railways":
Miles.
Miles.
52.00 Philadelphia City Passenger By. 0.45
Union Passenger By
8.84
West Philadelphia Pass. Ry.. 27.25 17th and 19th Streets
8.25
Ridge Avenue Passenger By.. _15.25 22d & Allegheny
7.30
Philadelphia do Darby Pass. Ri.14.80 Morris & Tasker
13.10 Catharine & Bainbridge Streets. 5.10
13th & 15th Streets
18.86
Philadelphia & Gray's Ferry__ _10.20 Other lines
Continental Passenger By
9.80
210.00
Total of all
9,80
Empire Passenger Ry
:
_v.83, p. 3it, 557 v,65, p. 514; ,70, p. 280; V. 71, p. 288.
(17) Ridge Avenue Passenger Ry.
-Consolidation of Girard College Passenger By. and
ORGANIZATION.
the Ridge Avenue & Manayunk Passenger By. on March 8 1872. Leased
to the Philadelphia Traction Co.for 999 years from Sept. 1 1892 for dividend
of $10 per share per annum to Sept. 1895 and $12 per share thereafter.
Operated by Union Traction Co. since Oct. 1 1895.
Interest. Outstanding. Last Div.,&c.
STOCK AND BONDS.
$12 Q-J I $750,000 1 See text.
Stock $750,000 ($50)
1528 pd. per ski
On account of some Old debts, dividends for 1896 were continued at $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.
(18) Second & Third Street Passenger Ry.
-Incorporated April 10 1858. Leased Jan. 1 1893
ORGANIZATION.
to the Frankford de Southwark Passenger Railway Co. for 999 years for the
following guaranteed dividends per share per annum:
1901. 1902 & after.
1894-95, 1896-97. 1898-99. 1000.
1893.
$12
$11
$10 50
$10
See below.
$9
$8 50
Dividends in 1896 and 1897 were to be $0 50 per annum, but the dividend
instead
for 1896 and for the first halt of 1897 was at the rate of $9 per share $27,000
of $9 50, the balance being applied to the payment of the debt of
Incurred for paving. V. 62, p. 785. The full $12 per annum, however, is
now being paid.
This lease was assumed by Electric Traction Co. July 1 1893.
Interest. Outstanding. Last Div.,&c
Date.
STOCK AND BONDS.
Text Q-J $771,076 pd. In. See text.
Stock issued 21,204 shares} ___
(par $50)
"Sundry liabilities"June 30 1906, $286,495.

FEB., 1908.]

STREET RAILWAYS.

83

(19) Seventeenth & Nineteenth Streets Passenger R Y.
Total
Owned.
-Incorporated April 12 1859. Leased to the Conti- Citizens'izens,
ORGANIZATION.
Stocks
s
.
Shares.
Shares.
nental Passenger Railway Co. for 99 years from July 1 1879 at a rental of
Electric Light & Power Co. of Delaware County_ 6,229
7,500
$15,000 per annum, being 3% on 10,000 shares (par $50) stock, interest on Delaware County & Philadelphia Electric By
5,993
6,000
bonds, taxes, expenses, &c. Transferred under lease of Philadelpla Trac- Edison Electric Illuminating Co. of Lebanon, Pa
9,993
10,000
tion Co. Oct. 1 1895 to the Union Traction Co.; all rights of the Philadelphia Holmesburg Tacony & Frankford Electric By. Co
14,992
15,000
Traction Co. to dividends on the 10,000 shares of the 17th & 19th Streets Lebanon Valley Street By. Co
9,991
10,000
road, which were then held by the Union Passenger Railway Co. as trustee .Media Glen Riddle & Rockdale Electric Street Ry
1,631
1,640
and lessee, being also transferred to the Union Co. Stock all owned by Philadelphia Bristol & Trenton Street Ry
19,680
20,000
Union Traction Co.
Philadelphia & Chester Ry
6,992
7,000
Reading & Southwestern Ry
2,600
1,142
STOCK AND BONDS.
Date.
Interest. Outstanding. Maturity. Reading Power Co
200
200
Stock (par $50)
110,000 shs.1 See text.
3 J-J
Roxboro Chestnut Hill & Norristown Ry.Co
4,968
4,938
$25 paid. J
Schuylkill Valley Traction Co
9,990
30,000
First mortgage ($500) exten-'1 1876
$100,000 July 1 1919 Southwestern
5 J-J
Street
8,000
7.995
ded
cr Interest at Land Title & Trust Co., Phila.,Pa Trenton Street By Ry
20,000
19,963
Due lessee for additions July 1 1906, $554,289.
Trenton Traction Co
18
17.810
United Traction Co. of Reading, Pa
7,991
8,000
ROAD.
-Owns 8.84 miles of track.
Wilkes-Barre & Wyoming Valley Traction
49,989
50,000
Wilmington & Chester Traction
40.000
30,993
(20) Thirteenth & Fifteenth Streets Passenger Ry.-A trolley road.
Wilmington City Electric
5,093
5,100
1,040
974
ORGANIZATION.
-Incorporated April 8 1859. Leased Jan. 1 1892 to Wilmington & Great Valley Turnpike Co
1,035
1,200
Philadelphia Traction Co.for following rental: From Jan. 1892 to Jan. 1894, Wilmington & Philadelphia Turnpike
Wilmington & Christiana Turnpike Co
644
680
$9 per share per annum; 1894 to Jan. 1897, $10 per share; 1897 to Jan.
Bonds
1900, $11 per share; and from Jan. 1900 $12 per share. Lease transferred
Citizens' Electric Light & Power Co. 1st mtge.,5%
$12,500 $12,500
to Union 'Fraction Co. Oct. 1 1895.
Philadelphia & Chester By. Co. 1st mtge.,5%
25,000 350.000
STOCK AND BONDS.
Interest. Outstanding. Maturity. Schuylkill Valley Traction Co., Inc. mtge
Date.
100,000 100,000
$334,5291 See text.
Stock $1,000,000 (par $50)_ $12 J-J
STOCK AND BONDS.
-Stock authorized, $12,500,000; shares $25, full
'Wald in. f
paid. In March 1902 the outstanding stock was increased from $3,125.000
500,000 Jan 1 1934 to $3,593,750 (V.74,p. 682),the additional shares being sold to stockholders
Consols ($500,000)
c 1894 5&33. J-J
90,000
Real estate mortgages _______
at $35 per $25 share. Bonds. 4% collateral trust certificates, are in two
The consols are guaranteed, principal and interest, by the Philadelphia series, which we have marked (a) and (b) below. [Stock and bonds listed
Traction Co., and the coupons are payable tax free; $100,000 of these are on Philadelphia Stock Exchange.]
(a) Under a trust agreement between the United Power & Transporta3
and were exchanged for old 7% bonds of like amount due Oct. 1 1903.
tion Co. and the New York Trust Co., trustee, dated May 1 1899 (under
V. 77, p. 695.
Interest and dividends are payable at office of the Fidelity Trust Co., which $7,989,339 United Railways Gold Trust Certificates have been issued by the said trust company as trustee), the United Power & Transthe trustee of both mortgages.
Dividend in July 1895, $5 per share; the Jan. 1896 dividend was not paid, portation Co. has deposited with said trust company 19,953 shares Trenton
owing to payment of city's claim for paving. V. 61, p. 1155. In July Street Railway Co.. 39,993 shares Wilmington & Chester Traction Co..
1896 paid $4 per share; in 1897 $10 50 per share; in 1898, $11 per share; in 14,992 shares Holmesburg Tacony & Frankford Electric Railway Co.,
1899, $11 per share; in 1900, $11 50 per share; 1901-1907, inclusive, $12 7,991 shares the United Traction Co. of Reading, Pa.,5,089 shares the Wilmington City Electric Co., 9,800 shares the Edison Eke,Ill. Co. of Lebanon.
per share per annum. In 1908, Jan. $6.
Pa., 6,000 shares the Citizens' Elec. Lt. & Power Co. of Delaware County.
-Owns 15 miles of track. V. 76, p. 734; V. 77, p. 695.
ROAD.
Pa., and 49,989 shares the Wilkes-Barre & Wyoming Valley Traction Co.
(b) Under a trust agreement between the United Power & Transporta-Trolley road.
(21) Union Passenger Rail wa y.
tion Co. and the Real Estate Title Insurance & Trust Co. of Philadelphia,
ORGANIZATION.
-Incorporated April 8 1864. Leased to Philadelphia dated May 1 1899 (under which $998,950 United Railways Gold Trust CerTraction Co.for 990 years from June 30 1884 at an annual rental of $285,000, tificates have been issued), the United Power & Transportation Co. has deor $9 50 per share on stock, and interest, taxes, &c. There are outstanding posited with the said trust company, as trustee, 5,993 shares Delaware
30,000 shares ($1,500,000) of stock, on which $30 83 1-3 has been paid in County & Philadelphia Elec. Ry. Co. Under the above agreement an adon each share, or a total of $925,000. Stock is considered full paid. ditional amount of $1,167 of certificates will be issued upon depositwith
$302,300 of the stock is owned by the Philadelphia 'Fraction Co. Its lease the trustee of the remaining shares of the capital stock of the Delaware
of the Continental Passenger Ry. was assigned to the Philadelphia 'Fraction County & Philadelphia Elec. By.Co.
The principal of both series (which are in $100, $500 and $1,000 pieces)
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 is due at option of holder on July 1 1949 and thereafter on any Jan. 1 or
Empire Passenger By. stock and 10,000 shares of 17th & 19th Streets July 1 at the option of the United Power & Transportation Co. For both
series, also, the semi-annual interest (J. & J.) and the principal are payable
Passenger By.
in gold coin, free of tax, at the office of the Real Estate Title Insurance iv
STOOK AND BONDS.
Date.
Interest. Outstanding. Maturity. Trust Co. of Philadelphia, trustee.
Stock $1,500,000 (par $50)_ _ _
$9 50 J-J
See t