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I nbtstors' ~nuulrmtnt OF THE  ComMERCIAL & FINANCIAL CHRONICLE. [Entered according to act of Congress; in year 1895 by the WILLIAM B. DANA COMPANY, in the office of the Llbrarian of Congress, Washington, D. C.J  .VOL. 60.  NEW YORK, JANUARY 2o  1895.  CHANGES THAT AF.F'EUT THE "INVESTORS'  SUPPLEMENT."  With this issue of the INVESTORS' SUPPLEMENT the arrangements for its publication will b9 modified in some particulars so as to provide for the SUPPLEMENT with reference to street rail ways shortly to follow. 1. No reports of surface street rail ways will be given in the INVESTORS' SUPPLEMENT hereafter. Those which appeared in November are omitted to-day. This omission is made in pursuance of the plan to bring together the reports of all important street rd.il ways in a separate publication. We hope to have our SUPPLEMENT covering street road3 ready for delivery the last Saturd.a.y of F~bruary, or very soon thereafter. 2. The space left free in the INVESTORS' SUPPLEMENT by dropping out street railway statements will be filled by the insertion of information with reference to other steam roadt:1 not now included in its pages, thereby making that work much more complete. Indeed our purpose is to enlarge the number of steam roads the INVESTORS' SUPPLEMENT contains until every existing road of that character in the United States and Canad& is included in its pages. 3. In providing for the added work proposed, and to secure best results for those who consult these records, we shall issue each of these supplements quarterly. The next number of the INVESTORS' SUPPLEMENT will be issued the last Saturday of April, while the second number of the SUPPLEMENT relating to ·street roads will be issued on the last Saturday of May, and in this manner they will follow each other through the year.  RAILROAD .DIVIDENDS FOR SEVEN YEARS. The foJlowing statement shows the dividends paid in each of the last seven years on all railroad stocko ( of steam roac1 s) sold at the Stock Exchanges in New York, Boston, Philadelphia and B.1ltimore. Name of Company. NEW YORK. Alabama Gt. Southern, Class A Do Do Class B Albany & Susquehanna (leased) Beeck Crclek, pref . . . ......... . . Belleville & So. Ill. (leased),pref. Boston & N. Y. Air Line. pref . . Buffalo Rochester & Pitts. pref. Burlington C. Rap. & Northern. Canada Southern .....••......••. Canadian Pacific . . .. ... . ........ Central of New Jersey..... . ... Central Pacific . ... . .... . ........ Central RR. & Bk. of Ga ....... Chicaf;o & Alton .... . ••...•..... pref . ........... o Chicago Burlington & Quincy .. Chicago & Eastern Ill. pref . .. Ch•cago Junction Rall ways, &c Do do do pref. Chicago Milwaukee & St. Paul. Do do pref. Chioaf>o & Northwestern ........ do pref .. . o Chio. Rooklsland & Pao ........ Chio. St. P. Minn. & Om., pref .. Cincinnati Hamilton & Dayton. Do do pref. Cinn. India.nap. St. Lowa & Chio. Cincinnati N. O. & Texas Pao ... Cleve. Cin. Chio. & St. Louis .. . Do do pref Cleve. Col. Cin. & Indianapolis . Cleve. & Pittsb., guar. (leased). Col. Hook. Valley & Tol., pref .. Delaware & Hudson Canal ... . . Delaware Lack. & Western ..•. Denver & Rio Grande, pref..... Des Moines & Fort Dodge, pref Dub11que & Sioux City ..•.....• . Evansville & Terre Haute ..•... Georgia (leased) . .....••...... .• . Great Nortbern, pref .. . ...... Hannit>al & St. Joseph, pref .... Do Common . ••...•..•• . Illinois Central···· --··· ··· ..... no Leased line certs .. Iowa Central, pref .............. Keokuk & Western . ........•••• Lake Erie & Western, pref...... Lake Shore & Mich. Southern .. Lo~Island ... ...... . .....•.... . Lo aville & Nashvill~ . ... . .... Louisv. New Alb. & Chio., pref. Manhattan Elevated .•.......... Michigan Central..·-·········-· · Missouri Pacitio ..... .. ...•....•. Morris & Essex (leased) ...••.... Naahv. Chattanooia & St. Louis New London Nort ern (leased). New York Central & Hudson ... N. Y. Chicag o & St. L., 1st pref.   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  Dividend Periods.  1888.  ............. . ......  ··-···  Jan. and July. Jan. and July May and Nov. April and Oct. ~uarterly-Feb. eb. and Aug. Feb. and Aug. Feb. and Aug. Quarterly-Feb. F ee. and Aug. June and Dec. ~uarterly-Mar. uarterly-Mar. Quarterly-Mar. Quarterly-Jan. Jan . and July. Jan. and July. April and Oct. April and Oct. June and Deo. §uarterly-Mar. uarterly-Feb. eb . and Aug, ~uarterly- Feb. uarterly-J an . 4-luarterly- Mar.  7 5 6¾ 4  Feb. and Aug. jua.rterJy-Jan. eb. and Aug. Quarterly-Mar. Quarterly-Mar. Quarterly-Ja:µ.  ............... .. .  ..................  i;iiia~r1y.:.:Yan:  1889.  1890.  6  9  .........  ···1··  7 5 8 ·4 4.  212 6¾ 4  ------  ·-----  ···2i;  ...3½  3  3 3 2 8 8 8 4 6  5 6 2 8  ···2½ ···2·· 8 8  8 5 t712  -----------  212 6 6 7 612 6  '"4"' 5  ....... --- ..  ......  ···;·· ...6.. 7 3¾ <1  ···-··  """5""  ·----------  """4½i 6 7 4 3  ...4.. 2.1.g (g) 3  '""ii.;. 2.1.g lU) 7  ...,..  ------  .  8  8 5 6 stock.  ....... ........ ........  ···;·· ···1··  5  7  5  ~  11  4  5 st ock.  ......  512 (c)  4  4 7 5 7 4  .......  11  5  6 (i)  ···,rfo 5 4  7  5 7  4.1.g  7 11 4¾ 6·82  ···5·· 4 2 4 612 412 5 6 5 3 7 5 7 412 312  1894.  ----...... ···1·· (bJ 8  4  ...a·· 3  5  7  2  ...s..  2  -----... 8..  8  8 5 6 8 6 4 7 6 7 4  8 4¾ 6  ·-·s·· 5  6 8 6 2 7 6' 7 4  6¼  5 4  7  5 4  ......  ···a··  ---· .. ··-a··  5  5  ···;··  ··-7--  212 7 7  ····i;  4  ···· ·---··-··- ·---  ···s··  ......  ······ ···4··  7 4. .. .  8 4 114 3 3 5 7  2lg  1  414  (b)  8 4 5  "·2··  2~  ------  (bJ  '"i;"'  ...... ...... ···5··  4 5-¼ 7  7  ···1··  7  6 4  5  4 3 5  6 112 7  ...... ···5··  '""5ig  juarterly- Jan. eb. and Aug. ~uarterly-Jan. an. and July. Quarterly- Feb. Quarterly- Jan. Quarterly-Jan.  4  1893.  7  -----·  7  4 4 5 stock.  5 612 2 7 8 8 414 412 (d) 10 6  1892.  7 7  Mar: ·aiiii ··sei>t·. Jan. and July. April and Oct. Quarterly-Feb. Feb. and Aug. juarterly- Feb. eb. and Aug.  ....... '"'ii;  5 4  1 1·93  4  8·53 4  5 4 ---~j"· 4 5  4  ···5··  ·---··  (bJ  7 6 7 3  . --· ..  . --. .. -.. . .... - -...  6 112 7  7 6 7 4  Quarterly-Jan. Quartt'rly- Feb.  10¾  1891  12 (h) 11 5 7  0·7  5 4 l  2  4¾ 619 5 4.12  5 7 7 2 2 114 712 (a) 11 5 7 2·3 f>  4  2 5 6 5 4  ...6..  ...6..  512  512  ···;,·· 5 7¾ 514 3  ......  7 3¾ 8 5 3  8  6 4  llg 7  312  7  5 4  . ---..  ......  ···5 .• 7 5 7 7  .•.4.. 212 11 5 (1) (1)  5  4  --·2·· 5 6 414  "'"ii; 6 512  ···;··  312 8 5 4  INVESTORS'  SUPPLEMENT.  [VOL. LX.  DIVIDENDS ON RAILROAD STOCKS-(C0NCLUDED.) Name of Company.  N.Y.& Harleminol.4thAv.RR.Common .••..••..••..••..•••.. . Preferred ..•.. _•..••...•...... N. Y. Liwk. & Wf\at. (irua,r.) ... .:M.ew York Lake E. & W., pref .. !l'f . Y. New Haven & Hartford . . ' N. Y. Prov. & Bost.(8tonin~nl ew York 8UPq. & West., pref .. :Norfolk & Southern ..•.......... !Norfolk & Western, pret .••..••. Northern Paoiflo, pref .••..•••.. 4>regon Improvement Co .....•. J•ref . do Do <Oregon Railway & Nav. Co ..••. :u>anama ...•......••..••..••..•• . :Pennsylvania Coal. .....• ...•... '.Pitts. Cin. Chic. & St. L .. pfd ...•. Pittsb.~.W.& Chio.,guar.(l'sed) :Pitts. Ft. W. & Chio. special.. •. A>ittsb. Youngst'n & Ashtabula. pref. do Do :Pullman's Palace Car ....••...•. Rensselaer & Saratoga (leased). iRto Grande Westno pref ...... Rome Wate.rtown & 6gdensb'rg St. Paul & Duluth,,ref ..••. .•. Manitoba. St. Paul Minneag'Tennessee Coal Iron, prE>f .••. Terre Haute & Indianapolis .••. Toledo & Ohio Central ...•...... Do pref. do Wheeling & Lake Erie, pref .••. BOSTON. Eoston & Albany ..•...........•. .Boston Concord & Mont., pref .. !Boston & Lowell ..••...•..•.••. .Boston & Maine .•........ _... _. Do pref .••...•. .'Boston & Providence ...•....... Boston Revere BeMh & Lynn .. Chica.go & West Michigan ...•. Cin. Band. & Cleveland, com .••. Do pref ..•..••. Concord .....••..••...•..••...•• . Concord & MontrealClass I. ( B0E1t. Con. & Mon. pf. l ,Cl11se TT. (Bost. Con. & Moo ) . <Clase III. (Bos. C. &Mon. old) Class IV. (Concord stock) ..... ()onnecticut River .......•..... Connecticut & Passumpsio.pfd. Eastern, N. H. (leased) ..•....•. European & North .American ... Fitchburg, pref .................. Flint & Pere Marquette, tref ... Ft. Wayne & JackJ!ref ( eased) Hartford & Conn. est. (leasedJ Kans. City Ft. Scott & Memphis pref. do Do Maine Central. .••..••...••..•. . . Manchester & Lawrence .•• : .••. Nashua & Lowell (leased) ...•... New York&New Engla.nd,pref. Northern (N. H.) ..•.......••.... Norwich & Worcest'r pfd. (leas'd)  ·cieased)  ~l~~i~nz No:. i'dlmlS Portland & Rochester ..•.....•. Portl'od Saco & Portsm.(leased) Providence & Worcester .••..••.  assaoiiiis,-ts· (i;sed> !:1:~i Xr:f fVermont Valley ......••.......  Dividend Peritds.  1888.  1889.  1890.  Jan. and July, Jan. Mld July. Quarterly-Jan.  8&2 8&2  8&2 8&2 5  8& 2¼ 8&2¼ 5  Quarterly-Jan. Quarterly- Feo.  10 10  ·10·· 10 ......  10 10  ......  """4ig  4. 3  Quarterly-Jan. April aud Oct.  6  . . .. -.  ....... ---- .......  """iig """iig  March and Sept. Quarterly-Jan.  3½1  Quarterly- Feb, Qua~rly..:.:Jan: Quarterly-Jan. March and Sept. ~uarterly-Feb. an. and July, Quarterly- Feb. Quarterly- Feb. March aod Sept. Quarterly- Feb. Jan. snd July. Feb. and Aug. Quarterly- Jan. Quarterly- Feb. iiuarterly-Mar. ay and Nov. Jan. and July. Quarterly- Ft-b. March and Sept. ~uarterly- Jan . an. and July, Feb. and Aug. May and Nov. May and NOT.  ···a··  ·--a··  23 16  7 7 9 16  7 6 5 16  ···;,··  ···;,··  ·- 7..  7  7  . --,, ..  7  8 8  8 8  6  7 8 8 6 7 6  -··s .. ···a··  ...... 8  5  7 9  ,f fo .. 7 2 5 6 10  Quarterly- Feb. Qua, t .. rly- F1-1b. Quarterly - Feb. Quarterlv- Feb. Jan. and July. Feb. and Aug. June and Dec. April and Oct. Jan. and July, Feb. and Aug. Mar. and Sept.  .. . ... ... --· ......  Feb. and Aug. Feb. and Aug. Quarterly-Jan. May and Nov. May and Nov. May and Nov. ~uarterly- Jan. an. and July, Quarterly-Jan. Jan. and J~. Jan. and J y Jan. and July, Quarterly-Mar. Jan. and July. April and Oct. Jan. and July. Jan. and July.  """3ig  8 5 419 5 2 12 519  8  6  10 9 7 6 8 7 5 6  6 10 1 6 6 6  2¼  7  ...6..  ···s··  ~lg 6  6.lg 6  8 6  ,  ---· ... .... 8  519 7 9  10 7  2 3¼ 6 10  ......  ··-· ........  ···s-5 4¼ 5  ···s½i 51g  ···a··  8 6 10 9 7 6 8 7 5 6 6 20 (m.) l¼  8  6  ···s~ 4  1891.  1892.  8 & 21.g 8& 2¼ 5  8&2¼ 8 & 2¼ 5 3  ·10··  10  10 114 4  ....... ...6..  3 7 8 8 614 6ll!(q)&20s k 7 7  ~t;  8  6 2 5  7 7 6 7 8 8 5 5 7 6 8 6 4  5  4.%  8  8  7 91g 3 (l) 10  7 9 6 10  7 8 6 10 5¼ 3.lg  519 6  (e)  8  7 3  7  3¼  ·10..  ···g··  ···1··  4lli  (k)  8&3 8 &3 5  . ---· .. ..... ·--3¼  4  7  8&2¼ 8&2¼ 5  t  6 2 28  5 16 3 7  1894.  t  2¼ 2 1 ¼ & *1 scrip 2  ...3 ..  1893.  (e)  2¼ 4  6 2 16 4 7  7  . ~  ··-.r· ....... ... -···••C.  ......  ......  ..20.. 2  7  6  6 7 8 8  7 8 8  5  ···5 ·-  3lli  7  6 8 6 2 5 4 8  5 6  ···s·· 5 2 8  .. "7 ..  ···7··  8 6 10 5 l¼  10 ,419  (e)  6  6  (e)  6  6  (k)  6  6  (k)  (k)  (k)  (k)  6  6 2  6 3  6 6 6 6  8 5 3 5 4 4¼ 519 2  6 6 119 6 712 (0) 5 3 5 4 2 51g 2  ··s'{u;  "ti'ii;"  7¼ (V) 10 9  10  ......  . ..6..  8 5 41g 5 2 6 51g 2 319 8 6  1v  9  7  6 & 25 extra 8 7 5 9  6 10 2  --·«r· 8 5 3¾&50stock 5  319 319 51g 2 1 4 6 10 9 7 6 8 9•90 (V) 5 6 6  10 3 6 6  ...6..  6  9  ...6..  ...6..  8 7 5 6 6 10 4 6 6  8 g56(W)  6 6 141g (Z) 4 6 6  10 5 3 5 3  """5ig 2  ...... 6 10 9 6  8 7 5 6 6  10 4 6 6  6 6 6 6 Worcester Nashua & Rochester. 6 6 6 6 6 5 PHILA.DELPHI A.. <tCamden & Atlantic, pref ....••. 3 219 61g .. 7 ... .. 7 ... . ..7.. ···7·· •Catawissa (leased), pref .••• -~~- May and Nov. 7 7 7 C new pref.....•..••. May and Nov. Do 7 7 7 7 7 7 7 -Vela.ware & Bound Br'k (leased) ~uarterly- Feb. 8 8 8 8 8 8 8 East Pennsylvania. (leased) ..•.. an. and July. 6 6 6 6 6 6 6 Elmira & Williamsport (lea,sed;, May and Nov. 5 5 5 5 5 5 5 pref ...... Jan. and July. do Do 7 7 7 7 7 7 7 !Ha.rrisb.Portsm.Mt.J.& L. (l'sed) Jan. and July. 7 7 7 7 7 7 7 JHuntinf,don & Broad Top ...... Jan. and July. 2 4 5 5 ...:f· ···5·· ·· ·5ig pref. Jan. and Ju1y. do o 7 7 7 7 1.Lehigh Coal & Navigation .•••.. May and N<'V, 5 5 5 419 6 5½ 419 5 5 5 5 4 514 ..Lehigh Vall~·-··············· ~uarterly- Jan. (leased) .••.... _Little Bohuy an. and July. 7 7 819 8 7 7 7 :Minehlll & Schuyl. Hav. (leas'd) Jan. and July. 7.lg 7.lg 719 719 7¼ 7¼ 719 :Nesquehoning Valley (leased) .. Mar. an,1 Sept. 5 5 5 5 5 5 5 North Pennsylvania (leased) ... ~uarterly-Feb. 8 8 8 8 8 8 8 Northern Central ......•..••.... an. &.ll July. 7 8 8 7 9 7 7 {Pennsylvania Railroad ..•....•. May and Nov. 51g 5 5 6 6 5 5 & 2 ~orip, Pennsvlvania & Northwestern. Jan. and July. 5 219 5¼ 2 ... ···--· Philadelphia & Erie, common .. 2 2 ..ff . ..i2 .. ..i2·· ·12·· .Phila.. 0-ermant. & Nor. (leased) Quarterly-Mar. ·10½1 12 12 ,Philadelphia & Trenton (leas'd) Quarterly-Jan. 10 10 10 10 10 10 10 ,Phlla. Wilmin~n & Baltimore Jan. and July. 7 7 6 6 7 7 719 ,Schuylkill V ey .....••..••.... Jan. and July. 5 5 5 5 5 5 5 IUnited Cos. of N. J. (leased) .... auarterly- Jan. 10 10 10 10 10 10 10 -West Jersey ..........••...•...• . ar. and Sept. 7 619 7 7 7 7 7 ·west Jf'rsey & Atlantic . •••..••. Mar. and Sept. 41g 5 5 ... .. . . ...... BA.LTIJ.UOKE. Atlan. & Char. Air Line (leased) Mar. and Sept. 5 5 5¼ 6 6 6 6 ::Baltimore & Ohio-Main Stem .. May and Nov. 20 stoc,k, 3lli 5 4¼ ·--6·.. 'ij"" ··-6 ·do. pref. stocks .••. Jan. and July. Do. 6 6 6 6 do. Wash. Branch. May and Nov. Do. 10 10 10 10 10 10 10 Central Ohio com ..•......•..••. Jan. and July. 6 6 6 6 6 6 6 #Central Ohio, pref ...•. ~ .•..••••. Jan. and Jul,y. 6 6 6 6 6 6 6 ,west Virginia cent. & Pittsb ... .Annual in Moh. 1 1 1 l 1 .. 6 ... 1 ,wn. Columbia & Augusta .••..• Jan. and July. 6 6 6 6 6 6 Wihnine-ton & Weirton . _.. .. .. . . .... - .. ---.... -8 8 8 12 4 (X) 3 3 has Stock ! pref. new into exchanged was stock common old 1888, January, In t debentures. cent per 5 into .. Scrip exchangeable ,r Also 32.ig per cent extra out of amount received from the Old Colony under the "been exchan~ed for that of the N. Y. N. H. & Hartford. _provisious of lease. (b) In 1891 st-ock was made com(a) Also Eicrip dividend f 33~ per cent or nvert1ble into stock on payment of twenty dollars a share. (t.tJ With the dividend· (c) All bat 1 per cent of this in bond scrip. mon, and 4 per cent dividends ~ua1·anwed by New Yo, k Central. (e) Common stock or this road has be"'n exohll.ni.ed for Cleve. Cin. Clue & st. paid January~. li:s92, amount for year would be 6 ptr ct"nt. (h) 5 per cen , of thL:! 10 general (y) These two roadr1 n >w ooosoJ. 1n the C, C. C. & St. L. (1) l¼ ver oeLt of this in s crip. Louis stock. (k) Consol. as Concord & Montreal, wh1oh see. (ii 4·9 of this in stock. (i) l¼ per cent o.r this in bonrt orip. mortl(age bonds. (o) Undt>r the lease to the Boston & .l:laine divideu,1 JJerlods were (m) 10 per cent of thls Crom assets. ,(l) Formerly ~astern vrefen-ed. (q) rhts is made up of on~ semi-annual (pJ 2¼ in prtiferred !!took:. -0hanged to semi-annual, 5 ,,er cent sewi-«nau 1 bem~ p 1d July, l8ij3. (u) Tuls oovera (t) l'hid 1s d1videud for tile twelvr. months of 1892. dividend of~ per ,·ei.t and thr e qnart.-riy 1Jividends of 114 p er cent. (VI Cnorease due to change of divtdend ueriod. both the .Augu.st, 1a91, dividend ,whil·h had been deferred, and that of t<--,ebruary, 1892, (x) D ividend for Ja01 1 a."Y, 18l-J2, wa.R antioloated, and paid in the previoua {u,J Chan. e 1r m 7 per Cf'Ut oue 10 change ••f dividend period. (z) Extra .liv-idbnu. of 419 per cent paid March, 1893, out of assets. .Nov-ember, w.akiI1g tvt.tl u1,i . t:nt..s w lolll 12 ptr 01:>nt.   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  ---  .... ..  ~  -  .  ......  JANUARY,  INDEX.  1895.1  INDEX TO RAILROAD MORTGAGES. Abstracts of leading railroad mortgages publii.hed from trme .to time in the CHRONICLE are indexed below: VOL. PAGE.  .Atchison Topeka & Santa Fe. Old mortgages.............. . New consol. M. 4s, due 1989; new incomes, due 1989. ... 2d Mortgage, due July 1, 198~---····. ... .... .... .......•• St. LouiR & San Fran. cunsol. 4s, due Oct. 1, 1990........ .f&.tlantic & Pac. RR. 1st Guar. Trust M. 4s, due" an. 1, 1937. hit M. Western div. 6s, due July 1, 1910.. ... .... ... .....• 2d M. Western div. 6s, due Sept. 1, 1907.. ... .... .... ..•.. Income M. Western div. 6s, due Oct. 1, HHO. .. . . . • . . . • . • . A.tl. & Pac. RR. 1st M. Central div. 6s, due March 1, 1922... Balt. Belt 1st mort. 5s, due 1990...... ...... ...........•....•• Baltimore & Ohio Consol. M. 5s, due Feb. 1, 1988............ Terminal 1st mortjrage, 412s, due June 1, 1934.......... .Balt. & Ohio Southwestern 1st M. 412s, due Jan. 1, 1990..... 1st, 2d and 3d income mortg~ge, due Jan. 1, 1990..... .•• 'Brooklyn Elevated-Un. El. 1st .M.. 6s of 1887, due 1937.... Union Elevated 2d M. of 1887, due 1927. ........ .... ..... •Buffalo & Susquehanna 1st M. 5s, gold, of 1893, due 1913.. -Cambria & Clea.rtield 1st M 5s, 1891, due 1941....... .... .... Central RR. & Bk. Co. of Ga. Col. Trus 5s, due May 1, 1937. Consol. Mort. 5s, due April 1, 1937......... .. .. . . . . . ... .•• -central RR. Co. of N. J. Gen. M. 5s, due July 1, 1987 ........ Central Pacific M. 6s. due Oct. 1, 1936........................ <Ohesapeake & Ohio 1st M. 6s, due July 1, 1908.. .. .. . . •• . . .• . 1st M. Peninsula ext. 6s, due Jan. 1, 1911... .. . . . . . . . . . •. 1st M. extensions, 6s, due June 1, 1922. .. . .. . . . .. . .. . .•. . 1st consol. M. 5s, due May 1, 1939... .. . . .. . . .. . . . . . . . . ... 1st consol. on Rich. & All., due 1989..... .. . .. . .. . . . ...•.• 2d consol. on Rich. & All., due 1989. ... .. . ... .. ....... ... . General mortga~e, gold, 412s. due March 1, 1992........ Ohicago Burl. & Q., Nebraska ext. 4s, due May 1, 1927 .....• -chlcago & Erie 1st and income mortgages, due 1982.. .....• -0. M. & St. P.;lstM., Chic. &L. Sup'rdiv.5s,dueJulyl,1921. 1st M. Chic. & Milwaukee 7s, due Jan. 1, 1903.... .. . .... 1st M. Chic. & Mo. River 5s, due July 1, 1926. .. . . . . ..•.. 1st M. Chic. & Pacific 6s, due Jan. 1, 1910...... . ....• .. . 1st M. Chic. & Pacific Western 5s, due Jan. 1, 1921...... Consol. Mort. 7s, due July 1, 1905........................ J.st M. Dakota & Great Southern 5s, due Jan. 1, 1916.. .. 1st M. Dubuque 6s, due July 1, 1920..... .. . . .. . . . .. . .. . . . ii.st M. Fargo & Southern 6s, due Jan. 1, 1924...........• 1.st M.. Hastings & Dakota exten. 7s, due Jan. 1910.. ... . 1st M Iowa & Dakota 7s, due July 1, 1908.... .. ...... .. . 1st M· Lacrosse & Davenport 5s, due July 1, 1919....... 1st M· Mineral Point 5s, due July 1, 1910.......... . . . . . . 1st M· River division 7s, due Jan. 1, 1902. ........ .... ... 1st M. Southern Minn. 6s, aue Jan. 1, 1910. ... . . . . . . . . . . . 'Terminal Mort. 5s, due July 1, 1914.......... .. . . . ... . .. .. 1.st M. Western Union 6s, due July 1, 1909 ............... 1st M. Wisconsin & Minn. 5s, due July 1, 1921.... .. . . .. . 1st M. Wisconsin Valley 6s, duo July 1, 1920...... .. . . . • . General M. 4s of 1889, due 1989........................... 'Chicago & Northern Pacific 1st mort. 5a, due April 1, 1940.. Lease to Wisconsin Central, dated Aprill, 1890......... C. Rock I. &Pac. lstM.,C.Kan.&Neb.Ry. 6s,dueJulyl,1934 1st M. Extension & Collat. 5s, due July 1, 1934.......... 1st M. St. Joseph & Iowa 6s, due July 1, 1935.... .. ....•• 1st M. Wis. Minn. & Pac. 6s, due Oct. 1, 1934............. Cincin. Jackson & Mack'w 1st Con. M. 5s, due Dec. 1, 1936. Clev. Cin. Chic. & St. L.-Collat. trust St L.Div. 4s, due 1990. Colorado Midland 1st M. 6s, due June 1, 1936... .. . . ... •• . . •. Consol mort. 4s, due Feb. 1, 1940.......................... Denver & Rio Grande 1st Con. M. 4s, due Jan. 1, 1936 ...... Improvement M. 5s, due June 1, 1928.. .. ....... .. ......• Denver Tramway consol. mort. 6s, due Jan. 1, 1910. ..... .. . Duluth South Shore & At. 1st M. 5s, due Jan. 1, 1937...... .• East Tenn. Va. & Ga., Cinn. Extension 5s, due 1940........ Fort Worth & Denver City 1st M. 6s, due Dec. 1, 1921..... •• Georgia Car. & North'n 1st M. 5s, due July 1, 1929 .....•.... Houston & Texas Central. all new mort(J'ages of 1890. .. . .• . Iowa Central 1st M. 5s of 1888, due 193'§..................... Kan. City Memphis & Birm. lst M. 5s, due March 1, 1927.... Kentucky Central 1st M. 4s, due July 1, 1987................ Kings County Elev. 1st M. 5s, due Jan. 1, 1925............... Lake Erie & Western 1st M. 5s, due Jan. 1, 1937....... ....•• 2d M. 5s, due July 1, 1941................... ... . . . . . .. . . . . Lehigh Valley of New York 1st 412s, due July 1, 1940.. ....• ,L ouisv. Evans. & St. L. 1st Con. M. 5s, due July 1, 1939..... Louisville & Nashville Unified mort. 4s, due July 1, 1940 ... Manhattan Elevated consol. 4s, due April 1, 1990. ... . . . . .• •• Mexican Central consol. M. 4s, due 1911 and 1939 ..........• Minn. & St. L. 1st cons. gold 5s of 1894, due Nov. 1, 1934. M. St. P. & 8. Ste. Marie 1st Cons. M. 5s, due July 1, 1938... 1st M. Minn. S. Ste. Marie & Atl. 5s, due Jan. 1, 1926.·... ·Minneapolis StreetR'y consol. mort. of 1890, dueJan.15, 1919 Mo. Kan. & Texas Ry. 1st M. 4s, due June 1, 1990 ..........• 2d M. 4s due June 1 1990..................... .. . . . . . .. .• Jrfisaouri Pacific 1st Cons. M. 6s, due Nov. 1, 1920.. .. ....... Mobile & Birmingham 1st M. 5s, due Jan. 1, 1937......... .. Mobile & Ohio General M. 4s, due Sept. 1, 1938. ..•.... .. . . .. New York Chicago & St. Louis 1st M. 4s, due Oct. 1, 1937.. :N. Y. Ontario & Western Cons. 1st M. 5s, due June 1, 1939. N. Y. Susquehanna & West. 1st mort. 5s, due Aug. 1, 1940.. Terminal 1st M. 5s, due May 1, 1943 . .................. ... .Norfolk & Western 1st M. Clinch Val. 5s, due June 1, 1957. One•hundred•year mortga&"e 5s, due Jan. 1, 1990. ....... Maryland & Wash. Div. lsli M. 5s, due Jan. 1, 1941. .. . . . ,Northern Pacific general 1st ffi(lrtl{age 6s, due 1921......... General 2d mortgage tis, due 1933.... .... .. .... .. . . . . . .. . 3d M. 6s, due Dec. 1, 1937 . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . Duluth & Manitoba 1st M. Dak. Ex.6s, due June 1,1937. Consol. mort~age of 1890, due 1989....................... Collateral rrustNotes of 1893 . ....... . ...........•......• Omaha & St. Louis 1st M. 4s, due Jan. 1, 1937...... .....•. ... Oregon Pacific 1st M. 6s, due Oct. 1, 1900....... ..... ... .....• Oregon Ry. & Navigation Col. Trust 5s, due Sept. 1, 1919... •Oreg. Short Line & Utah No. con. M. 5s, due April 1, 1919.. Collateral Trust5s, due Sept. 1, 1919 ...................... Peoria & Eastern-0. Ind.& West. 1st M.5s, dueApr.1, 1938. Consol. 1st mortgage 4s, due April 1, 1940.... .. . . . . .. . .• Income mortgage bonds, due April 1, 1990. ... ...... ..... Philadelphia & Reading general M. 4s, due Jan. 1, 1958..... 1st, 2d and 3d Pre!. Inc. M. 5s, due Jan. 1, 1958. ........ Pittsburg & Western 1st M. 4s, due July 1, 1917...... ....... Poughkee_psie Brid~e Co. 1st M. 6s, due Aug. 1, 1936........ "Richmond & W. P. Ter. Co. Col. Trust 6s, due Feb. 1, 1897 .. Consol. 1st collateral M. 5s, due March 1, 1914.... .. . ... ,Rio Grande Southern l st mortgage 5s due July 1, 1940..... ,Rio Grande West. 1st M. 4s, due July i', 1939. ........ .. .....• -Bt. P. M. & M. 1st 1\1. Mon. ext., 4s, due June 1, 1937. . ... .•. Pacific Exten ion 1st mort. 4s, dL1e July 1, 1940.... .. . .• -Bt. Louis & Sau Frap. consol. mort. 4s, due Oct. 1, 1990..... flan Ant. & Aransas Pass 1st M. on ext., 6s, due July 1, 1926. San Fran. & North Pacific 1st M. 5s, due Jan. 1, 1919.. ... ... BavaJlllah & Western 1st Cons. M. 5s, due March 1, 1929.... Southern Pacific gen. M. 5s of 1888, due 1938................   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  3 VOL. PAGJI.  Southern Pac. of Cal. 1st consol. M. of 1893, due 1937. ... •• Southern Railwav 1st conFI. M. 5s, dt1e July 1, 1994.. .•...•• Texas & Pacific 1st M. 5s. due June 1, 2000.. •• ....... ••. . ••. 2d M. 5s, due Dec. 1, 2000 ...........................•••••• Toledo Peoria & Western 1st M. 4s, due July 1, 1917.... •••• Toledo St. L. & Kansas City 1st M. 6s, due June 1, 1916... .• Union Pacitto collat. trust notes, 6s, due Aug. 1, 1894.... ••• Kansas Pacific consolidated 6s, due May 1, 1919. ...•... UnionPacitlcDenver&Gulfcon.M. 5s, due Dec. 1, 1939 .••• Virginia Midland general M. 5s, due May 1. 1936. .. .. .•. . ••• Wabash 1st M. 5s, due May 1, 1939............ •.••.•••••.•••• Wabash 2d M. 5s, due Feb. 1, 1939 ..•••..•.....•••••.....•.•• Deb. M. 6s, due July 1, 1939....... .. . . . . . . . . . .. . .. . . .. ••• . Detroit & Chicago Exten. 1st M. 5s, due July 1, 1941... Western New York & Penn. 1st M. 5s, due Jan. 1, 1937,. ••• • 2d M., 3 to 4 per cent, due Oct. 1, 1927................... West Shore 1st M. 4s of 1889, due 2361............. .. .. .. •••. Wisconsin Central Co. & RR. Improv. 5s, due May 1, 1931..  57 1041 59 ?83 47 82 47 82 45 242 45 403 53 528 58 988 51 244 47 23 49 270 49 272 49 273 54 1049 47 109 47 110 42 176 53 759  49 546 49 857 55 101 54 244 49 302 49 302 49 303 49 304 49 303 52 205 46 804 59 71 51 245 51 246 49 583 49 584 57 639 RAILROAD AND OTHER MAPS IN THE 52 976 45 242 SUPPLEMENT. 51 571 45 402 The railroad maps in the SUPPLEMENT and maps of certain 45 241 45 54 coal companies' properties may be referred to easily by the 45 55 45 55 index below. These maps are prepared with much care in the 49 147 CHRONICLE office, and are intended to show as clearly as poss51 144 51 144 ible the precise location of the various railroads represented 54 644 45 441 and their strategic position in commanding business. 51 911 MAP. PAGE, 45 146 Atlantic & Pacific. See .Atchison Topeka & Santa Fe ......... 8, 9, 10, 11 45 85 45 213 .Atchison Topeka & Santa Fe .....•...............•......•..•... 8, 9, 10, 11 45 144 Baltimore & Ohio .................•.......•...........•...•••..••....•••• 15 45 145 Baltimore & Ohio Southwestern. See Baltimore & Ohio .••...•...•.. 15 45 85 45 213 Bridgeport Traction Co . ....•....... ..•...........•.•.••..•......•.•••• 138 45 144 Buffalo Rochester & Pittsburg .......•.•..................•.....•.•.••• 18 45 212 Buffalo & Susquehanna................................................. 20 45 144 45 114 Canada Southern. See New York Central ..•...........•.......•...•. 89 45 114 Centralia & Chester. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . • . . . . • • • • . . • . • • • • • • 26 45 145 Central Pacific. See Southern Pacific ..........................••..••. 120 45 85 45 114 Central RR. of New Jersey............................................. 24 45 212 Chesapeake & Ohio ...............................................•...••• 28 45 114 Chicago Burlington & Quincy.......................................... 30 45 145 45 145 Chicago & Eastern Illinois............................................. 32 48 830 Chicago Great Western ..........................................•....• 33 52 465 Chicago Milwaukee & St. Paul.......................................... 35 52 468 47 262 Chicago & Northwestern ..................._..............•••.•...••...•• 38 47 260 Chicago Rock Island & Pacific ......... ,. ..........•.......•....•.•••••• 40 47 261. Chicago St. Paul & Kansas City. See Chicago & Great Western_ ..•. 33 47 261 45 574 Cincinnati Hamilton & Dayton......................................... 42 52 42 Cleveland Akron & Columbus.......................................... 43 45 540 Cleveland Cincinnati Chicago & St. Louis.............................. 45 51 572 47 228 Cleveland Lorain & Wheeling.......................................... 46 47 229 Colorado Midland. See Atchison Topeka & Santa Fe................. 10 52 354 Columbus Hocking Valley & Toledo ............•....•...•...••••.•••• 4.8 45 274 52 83 Delaware & Hudson Canal Co.'s Lines ......................•...•.••.•• 50 45 440 Delaware Lackawanna & Western ...................•.••.•.•••......•• 52 49 239 Denver & Rio Grande .................•..................•..........••• 54 52 242 49 582 Dubuque & Sioux City. See Illinois Central........................... 64 45 575 Elgin Joliet & Eastern ................................•.......•.......•• 56 45 372 Galveston Harrisburg & San Antonio. See Southern Pacific ..•...•. . 120 49 237 46 45 Grand Rapids & Indiana. See Pennsylvania RR .•......•....••. .••..• 105 54 444 Great Northern. .......................................•......•...•..•••• 61 51 114 Houston & Texas Central. See Southern Pacific .....•......•••.••••.. 120 49 208 51 613 Illinois Central.......................................................... 64 51 248 Kanawha & Michigan. See Toledo & Ohio Central...••......••.•••••• 126 49 177 Kansas City & Independence Air Line ....••....••.....•.•..••..•..••• 69 59 1145 47 142 Kansas City Pittsburg & Gulf ........................•..............•• 66 45 243 Kansas City Suburban Belt............................................ 69 52 356 Lake Erie & Western................. . . . . . . . . . . . . . . . . . . . . • . . . . • . . . . . . • • • 70 51 495 51 495 Lake Shore & Michigan Southern. See New York Central..........• 89 47 287 Lehigh Valley ........................................................... 72 45 274 Louisville & Nashville ..................................•............••. 74 47 83 45 541 Louisville New Albany & Chicago ...................•...............••• 76 49 238 Michigan Central. See New York Central............ . .. . . . . . .. . ..••• 89 52 84 Minneapolis & :!t. Louis ...•....•...............••...................... 81 57 512 45 541 Missouri Kansas & Texas............................................... 83 50 208 Mobile & Ohio .............................................•......••...•• 85 54 204 Nashville Chattanooga & St. Louis ................•.............•...•. 87 58 903 58 941 New York Central & Hudson River ..........................•••••..•• 89 47 22 New York Chicago & St. Louis. See New York Central .....••••...•• 89 45 273 New York Ontario & Western ......................•......•....•..••.•• 92 50 279 56 10l7 New York Susquehanna & Western ..............................•••••• 94 45 213 Norfolk & Western ...................................................... 96 49 240 Ohio River ......................................................•....... 99 51 243 Ohio Southern........... . .............•..........................••...•. 101 51 242 Oregon Short Line & Utah Northern. See Union Pacific .....••...... 128 51 243 Pecos Valley ..........................................................•. 103 47 201 Pennsylvania . ...............................................••..••...••• 105 al 246 Philadelphia & Erie. See Pennsylvania Railroad .............•••.••. 105 51 247 P1ttsburg Cincinnati Chica~o & St. Louis ................•.....••••••• 109 46 679 Pittsburg Fort Wayne & Ch1ca~o. See Pennsylvania Railroad •...•• 105 47 141·2 Pittsburg Shanango & Lake Erie .......................•.......•••.•... 111 45 439 Rio Grande Southern. See Denver & Rio Grande..................... 54 45 275 Rio Grande Western .................................•......•..•••••. ••• 114 45 575 St. Louis & San Francisco. See Atchison system...................... 11 49 115 St. Paul City. ~ee Twin City Rapid Transit .....•...•.......•.•.....• 147 54 163 Savannah Florida & Western .......................•.....•............ 118 49 237 Shenandoah Valley. See Norfolk & Western ...............•.......•.• 96 45 342 Southern Pacific Company ....................................•..••.•••• 120 52 82 Southern Rail way . ....................................................• 122 54 244 Toledo & Ohio Central ...........................................••..••. 126 45 372 Twin City Rapid Transit .....•..•...............•............•••. ..•••• 147 49 241 Union Pacific .................•...••.........••............•.•••••.•.•.•. 128 49 240 Union Terminal. See Kansas City Suburban Belt ..•..............••• 69 49 509 Wt.soon.sin Central Companies••••••••••••••••••••••••••••••••••••••••• 134.  INDEX.  [VOL. LX.  '="'-===========================================-:-=========INDEX TO Companies not given in the NAME.  SUPPLEMENT  OOMPANIES-OONSOLIDAT.ED,  tables in their alphabetical order may be found by reference to the Index below.  WILL BE FOUND UNDER-  Akron & Chicago Junction.. .•.. . ... Baltim.ore & Ohio. Alaba:m.a Central. ................... Southern Railway Co. Alley Elevated ....................... Chicago &South Side Rapid Transit. American Dock & Improvement Co .. Central of New Jersey. Annapolis & Balto. Short Line ...... Balto. & Annapolis Short Line. Ashtabula & Pittsburg . . ........... Pittsburg Youngstown & Ashtabula. Aspen Short Line ................ .... Atchison System-Colorado Midl'd. Atchison & Nebraska ................ Chicago Burlington & Q,uincy. Atchison & Pike's Peak.............. Central Branch"'Union Pacific. Atlantic Coast Line ................ . Wilmington & Weldon. Atlantic & Great Western ........... New York Pennsylvania & Ohio. Atlantic & Gulf ...................... Savannah Florida & Western Atlantic Mississippi & Ohio .......... Norfolk & Western. Atlantic & Northwest................ Canadian Pacific. Atlantic & Pacific ................... See Atchison System. Augusta & Knoxville ................ Port Roval & Western Carolina. Baltimore Belt...................... Baltimore & Ohio. Baltimore & Cumberland............ Western Maryland. Baltimore & Hanover ......•........ We tern Maryland. Baltimore & Harrisburg ............. Western Maryland. Baltimore & New York .............. Baltimore & Ohio. Baltimore & Lehigh RR ............ York Southern. Battle Creek & Sturgis ... ........... Lake Shore & Michigan Southern. Bay City & Battle Creek............. Michi~an Central. Bellefontaine &Indiana ..........•.. Clev. uin. Chic. & St. Louis. Belleville & Carondelet .............. St. Louis Alton & Terre Haute. Belleville & Eldorado .............•.. St. Louis Alton & Terre Haute. Belleville & Southern Illinois ....... St. Louis Alton & Terre Haute. Bell's Gap ............................ Pennsylvania & Northwestern. Birmingham Equipment . ........... Kansas City Memp. & Birmingham. Booneville Bridge........... ...... .. . Mis ouri Kansas & Texas. Boston Barre & G~rdner ............ Fitchburg. Boston Olin. Fitch. & New Bed ..... Old Colony. Boston Concord & Montreal. ........ Concord & Montreal. Boston Hartford & Erie ............. New York & New England. Boston Hoosac Tunnel & Western .. Fitchburg. Boston & N. Y. Air Line . .. ......... N. Y. New Haven & Hartford. Boston Winthrop & Shore.......... . Boston Revere Beach & Lynn. Brooklyn & Montauk ................ Long Island. Brunswick & Chillicothe ............ Wabash. Brunswick & Western ............... Savannah Florida & Western. Buckingham Railroad ............... Chesapeake & Ohio. Buffalo & Erie ........................ Lake Shore & Michigan Southern. Buifalo New York & Philadelphia .. Western New Yorl{ & Pennsylvania. ~urlington & Missouri River ........ Chicago Burlington & Quincy. Busk Tunnel. ........... •....... ..... Atchison Sys.-Colorado Midland. Cairo Arkansas & Texas ............ MissouriPacific-St. L. I. M. & So. Cairo Short Line ..................... St. Louis Alton & Terre Haute. Cairo Vincennes & Chicago ......... Cleveland Cin. Chicago & St. Louis. California & Oregon . ............ .... Central Pacific. Camden & Amboy ................... United New Jersey RR. & Canal, Canada Central. ... . .... ... ......... . Canadian Pacific. Cape Girardeau Southwestern ...... St. L. Cape Girardeau & Fort Smith. Carbondale & Shawneetown ........ St. Louis Alton & Terre Haute. Cedar Rapids Iowa Falls & N. W ... Burlington Cedar Rapids &North'n. Cedar Rapids & Missouri River ..... Chicago & North Western. Central Iowa ................. ....... Iowa Central. Central Washington ................. Northern Pacific. Charleston CinclllDati & Chicago ... Ohio River & Ch<:1rle ton. Charlotte Columbus & Augusta .... Southern Rail way. Charlottesville & Rapidan .. ... ... .. Virginia Midland. Chattanooga Rome & Columbus .... Si:l.vannah & Western. Cheshire ............................. Fitchburg. Chioago & Atlantic .................. Chicago & Erie. Chicago & CallH:llet Terminal. ...... Chicago & Northern Pacific. Chicago Clinton Dubuque & Minn .. Chicago Milwaukee & St. Paul. Chicago& Great Eastern ........... Pittsburg Cin. Chica~o & St. Louis. Chicago & Great Western ........... Chicago & Northern racific. Chica~o & Indiana Coal ............. Chicago & Ea tern Illinois. Chicago & Iowa ... ............. ..... Chicago Burlin~on & Quincy. Ohloago Kansas & Nebraska ... ..... Chicago Rock Island & Pacific. Chicago Milwaukee & N. W...... .. .. Chicago & North Western. Chicago & Milwaukee ................ Chicago & North Western. Chicago & North Michigan .......... Chicago & West Michigan. Chicago & Ohio River ............... Peoria Decatur & Evansvme. Chicago & Pacific .................... Chicago Milwaukee & St. Paul. ehioago Santa Fe & California ...... Atchison Top. & Santa Fe System. Chicago & St. Louis .................. Atchison Topeka & Santa Fe. Chicago St. Louis & New Orleans .. . Illinois Central. Chicago St. Louis & Paducah ........ St. Louis Alton & Terre Haute. Chicago St. Louis & Pittsburg ....... Pittsb'rg Cincinnati Chicago & St. L. Chicago St. Paul & Kansas City ... . Chicago Great Western. Chicago St. Paul & Minn ............ Chicago St. Paul Minn. & Omaha. Chicago & Southwestern ............ Chicago Rock Island & Pacific. Chicago & Springfield ................ Illinois Central. Chicago & Tomah .................... Chicago &North Western. Chicago Wiscon in & Minnesota .... Wisconsin Central Co. Chootow Coal & Railway .........•.. Choctaw Oklahoma & Gulf. Cincinnati & Baltimore .............. Baltimore & Ohio Southwestern. Cincinnati Ind. St. Louis & Chicago.Cleveland Cin. Chic. & St. Louis. Cinoinnati Lafayette & Chicago .... Cleveland Cin. Chic. & St. Louis. Cincinnati Richmond & Chicago .... Pittsb'rg Cincinnati Chicago & St. L. Cincinnati Sandusky & Cleveland .. Cleveland Cin. f'hic. & St. Louis. Cincinnati Southern ................ . Cincinnati New Orleans & Tex. Pao. Cincinnati & Springtleld ...... ...... Cleveland Cinn. Chic. & t. Lfluis. Cinclilllati Wabash & Michigan . .... Cleveland Cin. Chic. & St. Louis. Cincinnati Wash. & Baltimore .. .... Baltimore & Ohio Southwestern. Clearfield & Jefferson ................ Pennsylvania & Northwestern. Clearfield Bituminous Coal. ......... Beech Creek. Cleveland & Canton ................. Cleveland Canton & Southern. Cleveland Columbus Cin. & Ind .... Cleveland Cin. Chic. & St. Louis. Cleveland & Southwestern ......... Cleveland Lorain & ,,11eeling. Cleve. Tuscarawas V. & Wheeling .. Cleveland Lorain & Wheeling. Coeur d'Alene ........................ Northern Pacific. Colorado Central. ................... Union Pacific Denver & Gull. Colorado Midland .................... See Atchison "System." Columbia & Greenville .............. Southern Railway. Col01 a.do Bridge ..................... International & Great Northern. Columbus Connecting & Terminal. .Norfolk & We tern. Col um bus & Hocking Valley ... ..... Columbus Hocking Valley & Toledo. Columbus & Indianapolis Central ... Pittsb. Cincinnati Chic. & St. Louis. Columbus Lima & Milwaukee ... ... Ohio Southern. Columbus & Rome .... .. ..........•.. Savannah & Western. Columbus Shawnee & Hocking..... Columbus Sandusky & Hocking. Columbus & Toledo ...... ............ Col. Hocking Valley & Toledo. Columbus & Western ................ Savannah & Western. Concord . ......... .. ...... . ... ... ..... Concord & Montreal. Consolidated Ternµnal Railway..... Kansas City Suburban Belt. Consolidated Vermont ... ...... ... ... Central of Vermont. Corning Cowanesque & Antrim ..... Fall Brook. Coshocton & Southern ....... .. .. .... Cleveland Canton & Southern Covington & Lexington ............. Kentucky Cent.-Louisville & Nash Current River ..............•. ..• ..... Kansas City Fort Scott & Memphis.   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  &c.  NAME.  WILL BE FOUND UNDER-  Dakota Central. ..................... Chicago & North Western. Dakota & Great Southern ........... Chicago Milwaukee & St. Paul. Dallas & Waco . ...................... Missouri Kansas & Texas. Danbury & Norwalk ............•... New York New Haven & Hartford. Danville & Grape Creek . ............ Chicago & East Illinois. Dayton Fort Wayne & Chicago . .... Cincinnati Dayton & Ironton De Bardeleben ...•.. ...............•. Tenn. Coal & Iron (Miscel.) Delano Land ......................... Lehigh Valley. Denver Pacific ....................... Union Pacific. Denver & Rio Grande Western ..... Rio Grande Western. Denver Texas & Fort Worth ........ Union Pacific Denver & Gulf. Denver Texas & Gulf ............... . Union Pacific Denver & Gulf. Des Moine & Minnesota ............ Chicago & North Western. Detro~t & Bay .City ... . .............. Michi~an Centr!11. Detroit Bay City & Alpena ..... .... Detroit & Mackinac. . Detroit Mackinac & Marquette ..... See Miscellaneous Compames,.. D etroit Monroe & Toledo ............ Lake Shore & Michigan Southern. Duck River ........ .....••........... Nashville Chattanooga & St. Louie. Duluth & Manitoba ......•......•.... Northern Pacilio. Duluth Short Line ................... St. Paul & Duluth. Dutchess County .................... Phila. Reading & New England. East Line & Red River .............. Missouri Kansas & Texas. East River Gas ....... ............... New York & East River Gas. Ea t Tenn. Va. & Ga ..•......••..... Southern Railway. Eastern of Massachusetts ........... Boston & Maine. Eastern of Minnesota.......... ; ..... Great Northern. Easton & Amboy .................... Lehigh Valley. ElizabethtownLexing. & Big Sandy.Chesapeake & Ohio. E1·ie .................................. New York Lake Erie & Western. Erie & Kalamazoo .............•.•.. . Lake Shore & Michigan Southern. Escanaba & Lake Superior .......... Chicago & North Westt'.rn. European & North Americau ....... Maine Central. Evansville & Crawfordsville ... ..... Evansville & Terre Haute. Evansville Henderson & Nashville .. Louisville & Na hville. Evansville Rockford & Eastern ..... Louisville Evansville & St. Louis.  Far~o & Southern .............•.•••. Chicago ~ilwaukee & St. Paul. Florida Southern ..................... Jacksonville Tampa & Key West. Fort Smith & Van Buren Bridge .... Atchison Sys.-St. Lo. & San Fran. Frankfort & Southeastern........... Toledo Ann Arbor & No. Michigan. Franklin & Pitt,s ylvania ............ Southern Railway. Fremont Elkhorn & Missouri Val. . . Chicago & North Western. FultonElevated ...................... Kings County Elevated. Geor~ia Pacifio .....•............... Southern Railway. Grana Rapids Lansing & Detroit .... DetroitLansing & Northern. Grand Rapids Newaygo & L. Shore.Chicago & West Michigan. • Grand River Valley.................. Michigan Central. Grand Tower & Cape Girardeau .... Chicago & Texas. Grand Tower & Carbondale ....•... Chicago & Texas. Harlem River & Portcllester ....... New York New Haven & Hartford ► Hastings & Dakota .................. Chicago Milwaukee & St. Paul. Helena & Red Mountain ............. Northern Pacific. Hereford ...... ....................... Maine Central. Holly Wayne & Monroe ..•.......... Flint & Pere Marquette. Housatonic ........................... New York New Haven & Hartford.. Humeston & Shenandoah ........... Chicago Burlington & Quincy. HuntinburgTellCity & Cannellton.Louisv. Evansv. & St. Louis Consol. Huntington & Big Sandy ............ Ohio River. Illinois & St. Louis ... ............. ... Louisville Evansv. & St. L. ConsoJ.: Indiana Block Coal. .•............ ... Chicago & Eastern Illinois. Indiana Bloomiugtou 01; Western .... Peoria & Eastern. Iniliana & Lake Michigan ... ...... ... Terre Haute & Indianapolis. Indianapolis Cin & Lafayette ........ Cleveland Cin. Chic. & St. Louis. Ind.ianapolis Decatur & Springfl.eld .. Indiana Decatur & Western. Indianapolis & St. Louis ............. Cleveland Cin. Chic. & St. Louis. Ionia & Lansing ..................... Detroit Lansing & Northern. Iowa City & Western . ....... . ....... Burlington Cedar Rapids&North'n ► Iowa & Dakota ...................... Chicago Milwaukee & St. Paul. Iowa Falls & Sioux City ............. Dubuque & Sioux City. Iowa Midland ........................ Chicago & North Wes tern. Iowa & Minnesota .................... Chicago Milwaukee & St. Paul. .Jackson Lansing & Saginaw ........ Michigan. Centra~. . Jacksonville Southeastern .......... JacksonV11le Lomsv. & St. Loms. J »mes RiverValley .................. Northern Pacific. Jamestown & Franklin .............. Llike Shore & Michi~an Southern. Jefferson Madison & Indianapolis .. Pittsburg Cincinnati Chic. & St. L .. Joliet & Chicago ...... ............... Chicago & Alton. Junction & Breakwater ....... . . . ... Delaware Maryland & Virginia. Kalamazoo Allegan & Gr. Rapids .. Lake Shore & Michigan Southern._ Kalamazoo & South Haven ......... Michigan Central. Kalamazoo & White Pigeon .....••.. Lake Shore & Michigan Southern._ Kanawha & Ohio .................... Kanawha & Michigan. Kansas & Arkansas Valley ......... Missouri Pac. (St. L. I. Mt. & So.) Kansas City Bridge & Terminal. .... Kansas City & Atlantic. Kansas City Fort Scott & Gulf. ·..... Kansas City Fort Scott & Memphis... Kansas City & lndep. Air Line._ .... Kansas Ci~y Suburban Belt. Kansas City & Memphis Ry. Bridge.Kansas City Fort Scott & Memphis... Kansas City & Omaha ............... St. Joseph & Grand Island. Kansas City & Paci!J.c. _.............. Mi~souri ~ansas & Texas. Kansas City St. Lorns & Chicago .... CJhicago ~ Alton. Kansas City Southeastern & Memp.Kansas City Fort Scott & Memphis_ Kansas City & Southwestern ........ Atchison Sys.-St. L. & San Fran. Kansas City Springfield & Memphis.Kansas City Fort Scott & Memphis... Kansas City Topeka & Western ..... Atchison Topeka & Santa Fe. Kansas City Wyandotte & N'th'w'n.Kansas City Northwestern. Kansas Midland ...................... Atchison Sys.-St. L. & San Fran. Kansas & Missouri. .................. Kansas City Fort Scott & Memphis.. Kansas Pacific ....................... Union Pacific. Keithsburg Bridge .........•........ Iowa Central. Kentucky Central .................... Louisville & Nashville. Kentucky Union ....•...........•... Lexington & Eastern. Knox & Lincoln ..................... Maine Central. Knoxville Southern .......•......... Marietta & North Georgia. Lackawanna & Southwestern....... Central N. Y. & Western. Lackawanna & Susquehanna ....... Delaware & Hudson. Lawrence ............................. Pittsburg Youngstown & Ashtabula. . Leeds & Farmington .........•....... Maine Central. Lehigh & Susquehanna .....·.. , ...... Lehigh Coal & Navigation. Leroy & Caney Valley.......... .. ... Missouri Pacifio. Lexington & Frankfort ............. Louisville & Nashv'le (L. C. & Lex. ► Lmcoln & Northwest1:wn ............. Chicago Burlington & Qninoy. Lincoln Park & Charlotte ........... Buffalo Rochester & Pittsburg Little Rock Junction .........•...... Missouri Pacific. Little Rock & Fort Smith ............ Missouri Pacific. Long Branch & Sea Shore .. ......... Central New Jersey. Long Dock Company ................ New York Lake Erie & Western. Lon~ Island City & Flushing ........ Long Island. Lomsiana & Missouri River ......... Chicago & Alton. I 01tlsville Cincinnati & Lexin~on .. Louisville & Nashvill.P.  JANUARY,  INDEX.  1895.] NA.ME,  WILL BE FOUND UNDER-  !Louisville & Frankfort ........ : ..... Louisville &Nashv.-L. C. & Lex. Louisville New Orleans & Texas .... Illinois Central (Yazoo & M. V.). Louisville & St. Louis ................ Chicago Peoria•& St. Louis. ouisville Southern ....•............ Southern Railway. Lowell & Lawrence .................. Boston & Lowell. Macon & Augusta ............•...... Georgia RR. & Banking Co. Mahoning Coal. ...................... Lake Shore & Michigan So. System. Malone & St. Lawrence .. ~ ..• . ....• . . Central Vermont. ManitobaSouthwest'n Colonization. Canadian Pacific. Marietta Columbm1 & Northern ..... Toledo & Ohio Central Extension. Marietta Mineral. ................... Toledo & Ohio Central Extension. 'Maple River ............ ............•. Chicago & North Western. Marquette Hougton & Ontonagon... Duluth South Shore & Atlantic. Maryland Central. ....•....••....... Baltimore & Lehigh. 'Massawippi ..............•...•....... Connecticut & Passumpsic. 'Maysvill~ & Lexington .....•....•... Keutucky Central.-Louis. & Nash. 'McKeesport & Belle Vernon........ Pittsb.McKeesport &Youghiogheny. Memphis Clarksville & Louisville ... Louisville & Nashville. ·Memphis Equipment ................ Kansas City Memphis & Birming'm , Memphis Kansas & Colorado ........ Kansas City Fort Scott & Memphis. 'Memphis & Ohio ..........•...•...... Louisville & Nashville. ·Merchants' Bridge .... .•...•.. ... ..•. St. Louis Merch'ts' Bridge Ter. RR. Menominee River ........ .•.......... Chicago & North Western. Metropolitan Elevated ...•.•........ Manhattan Elevated. Metropolitan Ferry ..........•.•..... Long Island. Michigan Air Line .... ............... Michigan Central. Michigan Equipment........... ..... Chicago & West Michigan. Midland of Indiana .. .......•.....•... Chicago and Southeastern. ;'.Midland of New Jersey ... ...... ..... New York Susquehanna & Western. Milwaukee Lake Shore & Western .. Chicago & North Western. Milwaukee & Madison ..•....•••..... Chicago & North Western. Milwaukee & Northern .. ............ Chicago Milwaukee & St. Paul. Minneapolis & Duluth . ... ..• ........ Minneapolis & St. Louis. .Minneapolis & Pacific ............... Minneap. St. P. & Sault Ste. Marie. Minneap. Sault Ste. Marie & Atl'tic.Minneap. St. P. & Sault Ste. Marie. Minneapolis Union ................... Great Northern. · Minnesota Central. .................. Chicago Milwaukee & St. Paul. Minnesota & Northwestern.......... Chicago Great Western. 'Minnesota St. Croix & Wisconsin ... Wisconsin Central Company. 'Minnesota Valley ......•...•..•....•. Chicago & North Western. :Missisq_uoi Valley ..............•..... Central Vermont Mississwpi River Bridge ..•......... Chicago & Alton. Missouri Kansas & Eastern .......... MissoUl'i Kansas & Texas. Missouri Valley & Blair RR. Bridge.Chicago & North Western. ·.Missouri & Western.·................• Atchison System-St. L. & 8. Fran. MonongahelaRiver ......•...•....... BaltimOi'e & Ohio. Montana Central. .................... Great Northern. :Montreal Portland & Boston ........ Central Vermont. .:Morris Canal. ........................ Lehigh Valley RR. Muskegon Grand Rapids & Indiana.Grand Rapids & Indiana. Nashua & Lowell .......••..•..•..••. Boston & Lowell. 'Nashua & Rochester ........ ... ...•.. Worcester Nashua & Rochester. National Cordage .................... United States Cordage. '.Nebraska ..... ........ .. ..... •.... .•.. Chicago Burlington & Quincy. Nebraska& Western . . ...•............ Sioux City O'Neill & We tern. New Albany Belt & Termfaal ...•... Kt-ntucky & Indiana Bridge. :New Brunswick ...................... Canadian Pacific. Newburg & New York ............... New York Lake Erie & Western. New Haven & Derby ............. . .. New York New Haven & Hartford. 'New Jersey Midlanct. ..•.............. New York Susquehanna &Western. .New Jersey Southern .... ............ Central of New Jersey. 'New Mexico & Southern Pacific ..... Atchison Topeka & Santa Fe. New Orleans & Gulf ..... ............. New Orleans & Southern. 'New Orleans & Mobile .............. . Louisville & Nashville. New Orleans Pacific ...... .•......... Texas & Pacific. Newport & Richford ... .............. Connecticut & Passumpsic. Newtown & .Flushing ................ Long Csland. New York Bay Extension .......... Long Island. .'.New York Elevated .................. Manhattan Elevated. New York & Erie ..................... New York Lake Erie & Western. .New York & Long Branch ........... Central of New Jersey. New York & Manhattan Beach .... .. N. Y. Brooklyn & Manl1at. Beach. :New York & Northern ..... . .... .•.. New York & Putnam. New York Providence & Boston ..... New York New Haven & Hartford. New York & Oswego Midland ...•••. New York Ontario & Western. .New York & Rockaway ..........••.. Long lsland. .Nodaway Valley . ................... . Kan. City St. J ls. & Council Bluffs. Norfolk & Petersburg ... ............. Norfolk & Western. Norfolk Southern ..............••..... Norfolk & Southern. Northern Illinois ...•. ....... .. ...... . Chicago & North Western. '. North Missouri. ...................... W abaRh. .North Shore .... ....................... Canadian Pacific. .North Wisconsin ...................... Chic. St. Paul Minn. & Omaha. .Northern Pacific & Manitoba Ter ... Northern Pacific. Northern Pacific & Montana ........ Northern Pacific. Northwestern Grand Trunk ......... Chicago & Grand Trunk. Northwestern Union......•....•..... Chicago & North Western. :Northwest Vir~inia .. ... ........... .. Baltimore & Ohio. Ocean Steamship .................... Cent. RR. & Banking Co. of Georgia, · Ogdensburg Transit ................. Ogdensburg.& Lake Champlain. ·Ohio Central. .................•...•. . Toledo & Ohio Central. · Ohio Indiana & Western ............. Peoria & Eastern. -Ohio Land & Ry. Co ................. Colwnbus Hocking Val. & Toledo. ·Ohio & Mississippi.. ........... .. .... Baltimore & Ohio Southwestern. · Ohio & West Virginia ................ Col. Hocking Valley & Toledo. Old Colony StPamboat Co .......... Old Colony RR. · Omaha & Southwestern ......•..•... Chicago Burlington & Quincy. Ontario & Quebec .................... Canadian Pacific. Oregon Short Line ..............•.... Oregon Short Line & Utal\Northern. Oswego & Rome ..................... Rome Watertown & Og_densburg. Ottawa Oswego & Fox River........ Chicago Burlington& ~uinQy. «Ottumwa Cedar Falls & St. Paul .... Chicago & Northwestern. Oxford & Clarksville ..........•...... Southern Railway Co. .Pactfl.o Coast ......•..••..••...•..... ,Oregon Improvement Co. . Pacific of Missouri. .........•...•.... Missouri Pacific. . Pacific Short Line ...... ............. Sioux City 0':Neill & Western. .,Paducah & Elizabethtown .•........ Chesapeake Ohio & Sout.b western. ,Peninsular (Mich) ..........•......... Chicago & North Western. Pennsylvania & N. Y. Canal.. •..... Lehigh Valley. 1Penobscot Shore Line................ Maine Central. Pensacola & Atlantic ................ Louisville & Nashville. .'Philadelphia Marlton & Medford ... Camden & Atlantic. :,Pittsburg Cincinnati & St. Louis ..•. Pitts. Cinn. Chic. & St. Louis.  ·mi:~cl! ! ~~~:ii~:·.-::::::::::N:~it~ &~tb~~~· Plant System ........................ Savannan Florila & Western. 0  Pleasant Hill & De Soto ......•...... Kansas City Clinton & Springfield. :Plymouth & Middleboro ..........•. Old Colony RR. Port Huron & Northwestern ........ Flint & Pere Marquette. Portland & Kennebec ....... ......... Maine Central. ,Portland & Ogdensburg ... .......... Maine Central. Portsmouth Great Falls & Conway .Boston & Maine. 'Prairie (,lu Chien ............•...•.... Chicago Milwaukee & St. Paul. .quincy Alton & St. I..oui11 ........... Chicago BurlinjlWn & Quincy.   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  NAME  WILL BE FOUND UNDER-  Ravenswood Spencer & Glenville .. Ohio River. Republican Valley ..........•...••... Chicago Burlington & Quincy Rich Hill ............... . .. ....•...... Kansas City Fort Scott & Memphis. Richmond & Alleghany ...•• • .......• Chesapeake & Ohio. Richmond & Danville.............•.. Southern Railway. Richmond York River & Ches ....... Soutllern Railway. Rochester & Pittsburg ...•........... Buffalo Rochester & Pittsburg. Roanoke & Southern.......•......... Norfolk & Western. Rome & Carrollton ....•. ..•••........ Savannah & Western. Saginaw & W~stern ......•••......•.. Detroit Lansing & Northern St. Charles Bndge .....•.•• ..... ..... Wabash. St. Joseph & Western .. ....••......•. St. Joseph & Grand Island. St. Lawrence & Adirondack . ........ Central Verment. St. Lawrence & Ottawa .... ....•...•. Canadian Pacific. St. Louis Alton & Springfield ....••. St. Louis Chicago & St. Paul. St. Louis Arkansas & Texas ...•...•. St. Louis Southwestern. St. Louis Brid~e & Tunnel•.......... Terminal Association of St. Louie. ~o~gJ~1utti&Omaiia:::i~\t!st. South RR. of Illinois. St. Louis Iron Mount'n & Southern .. Missouri Pacific System. St. Louis Jacksonville & Chicago ..•. Chicago & Alton. St. Louis Kansas City & Northern... Wabash. St. Louis Kansas & Southwestern ... Atch. System, St. Louis & San Fran. St. Louis Keolmk & 8. W .....•...... Chicago Burlington & Q.uincy. St. Louis Salem & Arkansas .......•• Atch. System, St. Louis & San Fran. St. Louis & San Francisco . ..•....... See Atchison" System." St. Louis Southern.............•...•. St. Louis Alton & Terre Haute. St. Louis Wichita & Western ......•. Atch. System, St. Louis & San Fran. St. Paul Eastern Grand Trunk ...... Chicago & North Western. St. Paul Minneapolis & Manitoba ... Great Northern. St. Paul & Pacific ..........•...•..... Great Northern. St. Paul & Sioux City ................ Chic. St. Paul Minn. & Omaha. St. Paul Stillwater & T. F ...... ..... Chic. St. Paul Minn. & Omaha. Salem & Lowell ...................•.. Boston & Albany. Sanford & Lake Eustis .... .......•... Jacksonville Tampa & Key West. San Joaquin Valley .....•.....•...... Central Pacific. Sandusky & Columbus Short Line .. Columbus Sandusky & Hocking. Sault St. Marie & Southwestern...•. Chic. St. Paul Minneap. & Omaha. Savannah & Atlantic .....•......•... Central of Georgia. Savannah Albany & Gulf ..•......•.• Savannah Florida & Western. Savannah & Charleston........ ...... Charleston & Savannah. Schuylkill River East Side........•.. Baltimore & OhJo. Scioto Valley & New England •..•... Norfolk & Western. Seaboard Air Line .... ............... Seaboard & Roanoke. Seattle & Northern............ .••..•. Oregon Improvement. Shenandoah Valley ........••........ Norfolk & Western. Sherman Denison & Dallas .......•. Missouri Kansas & Texas. Sherman Shreveport & Southern ... Missouri Kansas & Texas . Shore Line ............. ......•.. ...... N. Y. New Haven & Hartford. Short Creek & Joplin ....... .•.....•. Kansas City Fort Scott & Memphis. Sioux City & Pacific .. .... .....•... . Chica~o & North Western. Sioux City & St. Paul ................ See Miscellaneous Companies. l:!mithtown & Port Jefferson...•..... Long- Island. Sodus Bay & Southern ..........•.... Elmira & Lake Ontario. Sonora ..............................•. Atchison Topeka & Santa Fe. South Carolina .........•.•.......... South Carolina & Georgia, South Florida .......... . ....•........ Savannah Florida & Western. South G;eorgia & Florida......•.. .... Savannah Florida & Western South Side (Va.) ................. ..•.. Norfolk & Western. Southeastern & St. Louis .•.......... Louisville & Nashville. Southern California .................. Atchison Topeka & Santa Fe. Southern Georgia & Florida ...•..... Savannah Florida & we~tern. Southern Minnesota ................. Chicago Milwaukee & St. Paul. Southern Pacific Branch .....•....... Southern Pacific of California. Southern Pennsylvania ...........•.. Cumberland Valley. Spokane & Palou, e ...........•....... Northern Pacific. Steubenville & Indiana ...........•.• Pittsburg Cinn. Chio. & St. Louts. Stockton & Copperopolis ............. Southern Pacific of Ualifornia. Sturgis Goshen & St. Louis .......... Lake Shore.& Michigan Southern. Sugar Trust .....• . ..........•........ American Sugar Retlning. Sunbury & Erie .. .. ..•..........•..... Philadelphia. & Erie. Syracuse Northern ................... Rome Watertown & Ogdensburg, Syracuse Ontario & New York .... .•. West Sht>re. Taylor's Falls & Lake Superior ••.. St. Paul & Duluth. Tarkio Valley .......... .............. Kan. City St. Jos. & Council Bluffs. Tebo & Neosho .. ... .. .............. ... Missouri Kansas & Texas . Tennessee Midland .................. Paducah Tennessee & Alabama. Terre Haute & Southeastern ........ Evansville & Indianapolis. Texarkana & Ft. Smith ............. Kansas City Pittsburg & Gulf. Texas Mexican ...................... Mexican National. Thurber•Whyland ........... ....•.. .American Grocery Co. (miscel.). Toledo Ann Arbor & Cadillac. . ..... Toledo Ann Arbor & No. Michigan. Toledo Ann Arbor & Grand Trunk.Toledo Ann Arbor & No. Michigan. Toledo Ann Arbor & L. Michigan .. Toledo Ann Arbor & No. Michigan. Toledo Ann Arbor & Mt. Pleasant.Toledo Ann Arbor & No. Michigan. Toledo Belt .............. .•.. ......•. Wheeling & Lake Erie. Toledo Cincinnati & St. Louis ...... Toledo St. Louis & Kansas City. Toledo Columbus & Cincinnati. .... Toledo & Ohio Central. Toronto Grey & Bruce ......•..•.... Canadian Pacific. Troy & Boston ...................... Fitchburg. Tunnel Railroad of St. Louis .....•. Terminal Ass'n of St. Louis. Union ............................... . Northern Central. Union Railway of Chattanooga ..... Chattanooga Union. Union Elevated ...................... Brooklyn Elevated. Union & Logansport ................ Pittsburg Cincin. Chicago & St. L. Union Ter. Ry. of Kansas City,Kan.Kansas City Suburban Belt. Upper Coos ..........• •............... Maine Central. Utah & Northern ........... ......... Oregon Short Line & Utah North'n. Utah Southern . .............•........ Oregon Short Line& Utah North'n. Utica & Black River ................. Rome Watertown & Ogdensburg. Venice & Carondelet ................ Louisville Evansville & St. Loule. Verdigris Val. Inde_pend'ce & West .. Missouri Pacific. Vicksburg & Meridian ............... Alabama & Vicksburg. Virginia & Tennessee .....•.......... Norfolk & Western. Waco &Northwestern ........•..•... Houston & Texas Central . Ware .................................. Boston & Albany. Warren & Franklin..............•... Western New York & Pennsylvnnia • Warwick Valley . ............... ..• ... Lehigh & Hudson River. Washino-ton City & Point Lookout.Baltimore & Ohio. Waynesburg & Canton ...........•... Cleveland Canton & Southern. Western & Atlantic ................. Nashville Chattanooga & St. Louis. Western Minnesota .................. St. Paul & Northern .Pacilio. Western North Carolina ...•......... Southern Railway. Western Pacific ..............•....... Central Pacific. West Wisconsin ...•....•......•...•.. Chic. St. Paul Minnea.p.& Omaha. Wichita & Western ... ..... ..•.. ...... Atchison Topeka & eantr, Fe. Wilkesbarre & Eastern .............. N. Y. Susquehanna & Western. Willmar & Sioux Falls .. .... . ....... Great Northern. Winona & St. Peter .................. Chicago & North Wedtern. Wisconsin & Minnesota ..........• ... Wisconsin Central Comp:.my. Wisconsin Minnesota & Pacific ..•... Minneapolis & St. Louis. Wisconsin Valley ........•...•........ Chicago Milwaukee & St Paul. York & Peach Bottom ..••..•.....••. Baltimore & Lehigh. Zanesville Terminal. .•..•••..•••.••. Columbllf\ Sandusky & Hooking  ~t t~~:  STOCK AND BOND TABLES. NOTES. These tables are expressly intended to be used in connection with the information concerning investment matters published trom weelf lo week in the CHRONICLE. A complete index, therefore, of all ttems touching each company so published within the last eighteen month& tollows its statement in the text below. Annual reports a.re in black-faced figures, and italics indicate that the information is contained in a paragraph headed by the name of some other company. Any company not in its regular alphabetical order may be found by means of the index to roads leased and consolidated. The "di'llidends" appearing in the text a.re those wn1ch have actually been paid during the calendar years named, irrespective of when · they may have IJeen earned; hence they often differ from the dividends reported with the earnin~s for the same years respectively. By "net earnings" as used in this SUPPLEMENT is meant the earnings remaining after deducting operating expenses, but not interest on debt, rentals or other fixed charges. Some companies report net earnings before and some after deducting taxes. The following will give explanations of each of the columns of the tables below: Dueription.-Abbreviations used are: M. for "mortgage;" gen. M. for" general mortgage;" con. M. or consol. M. for "consolidated mortgage;" inc. M. for "income mortgage;" g. for "gold;" guar. for "guaranteed;" guar. p. & 1. for "guaranteed principal and interest;" cum. for "cumulative;" non-cum. for "non-cumulative;" oonv. for "convertible;" pref. for "preferred;" s. f. for "sinking fund;" 1. gr. for "land grant;" r. for "registered; " c. for "coupon;" c. * for "coupon but may be registered as to principal;" c. & r. for "coupon and registered;" br. for "branch;" end. for "endorsed·;" "red." for redeemable, meaning subject to call beforEmaturity (so "red. at 100" means subject to call at par) ; "d'rn" or "drawn" for subject to call for the sinking fund from time totime when drawn by lot; "p. m." for "per mile," thus $15,000 _p. m. means $15,000 per mile. Date of Bonds.-The date of issue on the face of the bonds is referred to in this column. Mites of Road.-Opposite stocks, this means the miles of road owned; opposite bonds, the miles covered by the mortgage. llue or Par Value.-Showa (in dollars unless otherwise· marked), the denominations or par value, "100, &c.," signifying $100 and larger. Bate Per Oent.-The interest per annum is given for bonds, and the dividends per annmn for stocks; g. means gold;. x, extra; s. stock or scrip r per an. means per annum, so 6 per an. (M. & N.~ means 6 r,er cent yearly, payable 3 per cent in May and 3 per cent in November. W'AenPayable.-J. & J. stands for January and July; F. & A., February and Aug·lSt; M. & 8., March and September; A. & 0., April and October;. M. &N., May and Nov.; J. & D., June and Dec.; Q.-J., quarterly from Jan.; Q.-F., quarterly from Feb.; Q.-M ., quarterly from March. :JJonds,principal when due, etc.-Thia column shows the date when the bonds mature and when the last dividend was paid on stocks. Subscribers -will confer a great Cavor by · giving IDlmedlate notice of any error discovered In these Tables. Bonds-PrinoiINTEREST OR DIVIDENDS. RAILROADS. Miles Date Size, or Due. Amount Rate rer When Where P-Miable, and by pal,When F or explanation of column headings, &c., see notes of of Par Outstanding Stocks-Last above. Road. Bonds Value. Cen Payable om. Dividend.  I  ---  ..A ddison fl Pennsylvania-lat mort. for $350,000 .. Second mortga~e. $350,000 .. --·-················· A dirondack.-lat M., $2,000,000, g., ~. p. & i. end. A labama Great Southern-Common "B" shares .. _. Preferred "A" shares,6 per cent (cum. for 6 years) 1st mortga~e, gold ........•••.•••...•..••... _..... o 'iffln. M. st:er. £1,160,000,red. a.tllOJunel, '98 .c Debenture:'ttlcold.......••.•. _•...•••..••........... Income oe cates sinking fund ...••..•.......•••. Alabama Midland-Common stock •• _•..... _........ Preferred atock, 6 per cent, non-cumulative ...... 1 1st Mort., guar. p.&i. end. Bav. Fla. & W., gold .. o 1st M., Bf,rague to Luverneb$15,000 p. m, f/iold .. c* .A.:a. N. 0. 'ex. d Pac. June.- eferred "B" s ares... Preferred "A" shares, 6.Jc_- c. cumulative.... ·--··· "A" deben., income till ov. 1895-See text ..... o "B" debentures, income, red. after"1910 at 115.c "C" deb., income, subject to oall any time at 100. Interest cert. (secured by £34,193 "C" deb.) .... Alabama d Vicksbur17-Stock ... --················-·· Vtoks. & Mer. 1st M. gold., subj. to call till 1897. Ala. & Vicks. consol. 1st M., ($1,800,000) gold.... 2d mortgage was income till Apr., 1894, gold. ..  ....  ·57 290 290 290 290  .... .... .... i75 33 .... ··-· .... .... .... i43  143 143 143  1892 . ... 1892 1892 $1,000  $69,000 5 J. & D. New York, 49 B'way. Dec. 1, 1932 Dec. 1, 1932. 289,000 4 J. & D. do do 1,000,000 419g. M.& 8. N.Y.Of.,21 Cortlandt St. Mar. 1, 1942. £10 £1,566,000 See text. London. Dec., 1892 £10 Dec., 1892 £676,070 6 per an. M.&N. do i878 $1,000 $1,750,000 6 g. J. & J. N.Y.,Farm.L.&Tr.& Bos Jan. 1, 1908' £100 £476,()00 Dec. 1, 1927 1888 5 g. J. & D. London, Glyn Mills. £100 1886 £134,000 6 g. F. &A. do do Au~5,1906 Bys 'gfund 1888 Various. £53,257 4 do do . ... .... ........... . ... . ... . ... 1100 $2,625,000 100 1,600,000 isss $1,000 2,800,000 ..lfg. M:&·N. N.Y.,Met'politan Tr.Co. Nov...i;°i928 1890 1,000 500,000 6 g. J. & D. . ......... Dec. 1, 1929 £10 £2,500,000 .... .... - .. ······---£10 £1,500,000 Nov.i·,1oi0-40 is9<> £100 £7!8,850 ..lfg. M:&·N. See remarks . 1890 £100 £1,0!8,390 Bee remarks. Nov.1,1910-40 5 g. M.&N. £100 £810,652 5 g. A. & O. See remarks. Nov. 1, 1940 1890 ........... .... -~28,494 Nov.-i7:·i892. $700,000 See.iext. Yeai-iy. Cincinnati, Office. issi 1,000 1,000,000 6 g. A. & o. N. Y., Central Trust Co. Apr. 1, 1921 Apr. 1, 1921 1889 100 &c. 5 g. A. & 0. do do 587,000 Apr. 1, 1921. 5 g. A. & 0. do do 1889 100 &c. 700,000  ....  --··  ---·  -- ---  ioo  ddison & Pennsylvania Ky.-Owns road Addison, New I Alabama Midland Ky.-Ovuns Bainbridge, Ga., to Montgomery A York, to Gaines, Pa., 4111,iles; leases Gaines to Galeton, Pa., 5 m. A.la., 175 miles; branch, Sprague Junction to Luverne, 33 miles; tota:t A reorganization 1n 1892. STOCK authorized-Common, li'600,000; pre- owned, 208 miles. Opeutes Abbeville Southern, Abbeville Junction-  ferred, $350,000; outstandjng June 30, 1893-Common, $568,000; preferred, $193,357. Loans and bills payable, $262,898. EARNINGS.Jan. 1 to Mar. 31, 1894 (3 months), gross, $18,911, against $21,981 in 1893; net, $6,252, aicainst $7,515. From Dec. 1, 1892, to June 30, 1893 (7 months), g-ross, $53,032; net, $18,377; other rncome, $3,301; deduct interest and taxe", $12,t 24; balanc_e, surplui;,, $9,~54. Road was formerly narrow-ga~ge. Standard gaugmg completed m November, 1893 · New York office, 49 Broadway. Adirondack Ky.-Owns Saratoga. to North Creek, N. Y., 57 miles. Extension to Long Lake, 30 miles, is propose<1. otock autborized, $4,000,000; outstanding, $2,600,000; par, $100. The bonds carry the endorRed ,ruaranty of the Delaware & Hudson as to principal and interest; the $1,000,000 bonds unlssued may be sold for extensions at $2~,000 per mile of completed r_oa.d-trustee. U. 8. Trust Co. In year ~ndmg June 30, ~894, gross earnmp:s, $~ 65,235; ~et over taxes, etc., ,t,;32,985; other mcome, $6,807; deflmt under mterest charges, $5,208. Cn 1892-3 gross, 175,309; net, $46,200. (V. 55, p. 588; v_ 59 , P• 314, 1102•> A.labama Great Southern KK.-Owns Wauhatchie, Tenn., to Meridian, Miss ..:...290 miles; leases Wauhatchie to Chattanooga, 5 miles. Trackage, Ga. .rao. RR., Woodlawn-Bessemer branch. 19 miles. ORGANIZATION.-An English company of the same title owns all the stock and was ltsell oontrolled by the East Tennessee Virginia & Geors1a RR. Co. The East Tennessee pledged the stock owned by it as security for Us Cini·innati Extension bonds; these defaulted Aug. 1, 1893. Sale of Alabama Gt. So. stock so pledged has been ordered "in block" by the Court, to take. place in 90 days from Dec. 22 ir interest in dtifault be not paid. V. 59, p.1141. (""00 V. 57, p. 852; V. 58, p. 386; V. 59, p. 371.) In Marcl.l, 1894, parties in Cin. H. & D. interest purchased Baron Erlanger's Cin. Exten. bonds, thus obtaining control of the voting power of the Alabama. Great S. stock. V. 58, p. 549, 594. In September, l 894, almost the entire minority intereRt in these bonds was purchased by the Southern Ry. Co. See V. 59,472,600. The English and American companies own jointly $1.000,000 Cincinnati N. O. & Texas Pac. stock. See also Chattanooga Union. 8TOCK.-0f the capital stock of the English Company ihe East Tennessee Virginia & Ga. in April, 1890, purchased £340,000 "A" shares and £783,010 "B" shares. V. 50, p. 560. Of the preferred Fhares authorized £123 ,930 were unissued June 30, 1894. As _to application of net profits see SUPPLEMENT of March, 1894. DIVIDENDS.-On "A" assentin~ shares: In 1889, 6 per cent; in 1890, 9 ; in 1891, 6 p. c.; in 1892, 6; m 1893, none. On Class "B" 119 p. c. was paid in 1801; in 1892, December, 119 p. c. BoNDs.-Of the general mortgage unissued £484,000 is in trust to retire the 1st mortgage bonds and debentures at maturity. Oar trust June 30, 1894, including interest, $195,5!J3; bills payable, $20.952. \.J,NUAL E-EPORT.-Year to June 30, 1894, gross were $1,553,783; net, $424,083; interest on bonde, $259,742 ;tncorue tax, etc., $20,071; balance for stock, $1-M,270. In 1892-93 icross. $1,8ltj,2t9; net, $321,651; balance for stock, $-12,221.-(V. 56, p. 883; V. 57, i;:. 852, -4c9; v. 59, p. 70,115,371,600, 879, 968, 1141.)   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  to Abbeville, 27 miles; completed Nov., 1893. Interest on the 1st mort. due 1928 has been reduced from 6 to 5 p. c. and bonds stamped prinolpal and interest guaranteed in gold by the Sav. Florida & West. Noarrangement was made with ~he branch line bonds, mostly held by the Plant Investment Co., which controls the Alabama Midland stock_ F.ARNINGS.-5 mos, 5 1894, gross, $241,422; net, $23,150. July 1 to Nov. 80. l 1893, gross, 222,321; net, 22,105. For year ending June 30, 1894, gross earnings, $517,955;: net, $134,443; extraordinary expenses, being repairs, etc., $q9,721;. balance for interest, $44,722. In 1892-93 gross$490,768; deficit underoper. PXpenses, $52,093; interest, etc., $247,653; total deficit for year> $299,746. Plant Investment Co. owns $2,425,000 common and $1,200,000 pref. stock. V. 59, p. 1057, 1102. AlabaD1a Ne-w Orleans Texas & Pacific .Junction co. (Limited. )-This is an English company controlling-Alabama & Vicksburg, 142 miles; Vicksburg Shreveport & Pacific, 189 miles; New Orleans & North Eastern, 195 miles; Spanish Fort Rail way, 13 miles. BoNns.-UntilNov.1, 1895, the" A" debentures receive interest only if earned, but unpaid interest is cumulative. They, as also the "B •> debentures, are subject . to call after Nov. 1, 1910, at 115. c,,upons paid: On A debentures to and including May 1. 1894, all in full. On B debentures: In 1891 219 p,~r cent; in 1892, 219 p. c.; in 1893, none. SECURITIES OWNED.-Ala. & Vicksburg $30,000 1st mort., $141,100 oonsols, $387,7002d mort. incomes and$387,700 stock; Vicksb. Shreve• port & Pacific, $3,692,000 1st mortgage, $1,364,000 3d mortg_ag~1 $494,860.4 p, c. incomes and $1,594,000 stock; New Orleans & 1.'jOnD Eastern, $4,900,000 1st mortgage and $4,320,000 stock; New Orleans Spanish Fort & Lake RR., $300,000 first mortgage and $200,000 common stock; Cincinnati Southern, $532,000 stock; overdue coupons,. ~. O. & N. E. and V. S. & Pac. to Dec. 31, 1893, £765,230. EARNINGS.-See separate statement for each of the controlled companies. For 12 months ending Dec. 31, 1893, net receipts from investments were £39,726; paid general expenses (£3,656), income tax (£1,594), interest on '' A'' debentures (£36,417), &c., balance £551> (including £2,496 surplus of previous year), against £28,050 in 1892. A labaDJa & Vicksburg Ky .-Owns Vicks burp: to Meridian, Mise. and branch, 143 miles, all steel rails. Controlled by Alabama New Orleans Texas & Pacific Junction Co.-which see. Reorganization orthe Vicksburg& Meridian foreclosed Feb. 4, 1889 (see V.48, p.190). DIVIDENDS.-From No,., 1890, to Nov., 1892, incl., 3 p. o. yearly ;; none since. Bo:Nns.-The new seconds were income till April 1, 1894, and a.re a first lien on the lands-111,349 acres. Trustees, Central Tru..<;t Co. Oct., 1894c, coupons on seconds paid wllen due, at Ceutral Trust Co ... N. Y. Of the $1,800,000 consols authorized, :til.000.000 are with trustee to retire V. &M. firsts. Vicks. & Meridi m l,ondi assenting toreorg. plan of 1889 are subject to call till 189-7; a few did not assent. EARNINGS.-Tn year 1893-94 gross earnings were $565,780; net.. $129,606; interest on bonds, etc., $128,346; b.1,lance, surplus, $1,260. In year 1892-93 gross $588,298; net, $121,910. 1 " ·, n .v. 543; V. 56,. p. 500; v. 57, p. 461, 162; v. 59, p. 136.)  JANUARY, 1895.]  RAILROAD STOCKS AND BONDS.  7  Sub•crlber• w-lll confer a great f'avor by giving lln1nedlate notice of any error dl•covered In the•e Table•• RAILROADS.  For explanation of column headings, &c., see notes on first page of tables.  Bonds-Prtnot INTEREST OR DIVIDENDS. Miles Date Size~ or When Dne .. Amount Rate per When Where Payable and by pal, Slocks-LiwJt Par of of Outstanding Whom. Road. Bonds Value. Cent. Payable Dividend.  -  ---  $100 Susq.-Stock, divi'ds guar. by D.& H. (end). 1,000 lbany City loan (sinking fund, 1 per ct. yearly).c i42 i865 1,000 Con. M. (e:uar. p.&i. by D. & H. end. on bonds).o*&r 142 1876 100 12 Albany ti Vennont-Stock .. ........ ·····--·········· i890 1,000 All-egneny ti Kinzua-lst M., for$500,000, §gld .. o* 50 .... Allegheny Valley-Common stock for $12,0 ,000 .. 259 50 !Preferred stock for $18,000,000, 3 per cent cnm. 259 1,000 1st mort main line (River Division) ............. o* 132 i866 ilst M., low grade,East'n Ext., guar. Penn. RR .. o 110 1870' $&£ Mort. to State Pa., $100,000 due Jan. 1, yearly .. r 242 1870 100,000 1,000 Gen. M. ($20,000,000) g., guar'j. &1. (end.).c*&T 259 1892 ..... Rea.din~ .. ..... .... ..Allentown RR. (leased to Phila. 3 1889 Allentown Terminal-lat m., gua.r. p.&i. (en .) ~old. Annapolis & Ballinw1·e Short Line-See BALTIMORE &ANN APOLIS SHORT 100 Annarzlis Washington & Baltimore.-Stock ........ 201.g 1,000 74 189i Ark. idland.-lstM. ($6,000 p. m.)g.,red.atll0.o* 1,000 66 1885 A1her,il,le & Spartanbiirg-lst mortgage, gold ..•..• c 1,000 66 1887 2d 1!1-0rtf,age lor $50 ,000, gold .........•..•...•. 0 1,000 1892 ~• tona & 01·Uand.- lst mortgage .............•..•. 1,000 Atchison Ool. & Paciftc-lstM.($16,000p. m.) ~ .. o* 254 1879 34 1879 Atchison Jewell Oo. ti West.-lst M., guar. C. B. . P.o 1,~gg Atchison Topeka & 8anta Fe-Stock ........•......... .... i894 Receiver&' certificates ............................. Chicago & St. Louis 1st mort. ($10,000~ermile). 141 1885 Old bonds not assenting to reorg. of 18 9 ........ Genera.I M., gold (as to a.mount out see text) .. c* &r 6,634 i889 500.. A.~ny ti  i~ooo  i:<>oo &o.  See text. 6 6g &7 3 per a.n. 5 g.  ....  J. & J. N.Y.,Del.&Hud.Can.Co. .Tan. 2, 1895 do do M.&N. Nov., 1895-97 A. & O. do do Nov., 1895 97 M.&N. Troy,N. Y. Nov., 1894 F. & A. In default. In installm'ta.  ....  ··,foo J • . &. J. 6 g.ir7 A. & 0. J. & J. 4 g. M. & 8. deposite d under 4 g. J. & J. See text. 6 g. 6 g. 6 g. 6 6 6 See text.  --«r  J. & J. .J. & J. A.. & o. J. & J. M.&N. 8.-F. .-F.  .....  ..................  . .......  N.Y.,Phila. &Pittsburg. Phil.,Pa. RR. Co. &Lon. Philadelphla,Pa. RR.Co do do P. & R. coll. tr. of 1892 New York and Phila.  Mcii...i;·is98 A8ril 1, 1910 10 ,000 Ja.n.l Moh. 1, 194!1 $1,073,950. July 1, 1919  Baltimore. Jan. 2, 1895 N.Y.,H.Tallmadge& Co. July 1, 1911 April,'92, coup. last pd. April 1, 1925 .......... July 1, 1937 In default. 1932 Aug., '93, coup. last pd. May 1, 1905 Aug., '93, coup. last pd . May 1, 1905 Nov.15,1888 ··········  M:·&:·s. N.Y.,Farm'sL. &Tr. Co. Moii."i,..fa15 Va.rioua. ·-i·g. J. --&-·J. July, '93, coup. last pd. July 1, 1989  255 miles. An extension of the Central Branch i Kan., 31 miles; total,Leased it in 1879 ror 25 years, and guaranteed the  Albany & Susquehanna BK.- ( See Map Delaware ti Hudson.).ROAD.-Owns Albany, to Binghamton, N. Y., 142 miles. Leases, Duanesburg Junction, N. Y., to Schenectady, 14 miles; Cobleskill-' N. Y., to Cherry Valley 21 miles; Lackawanna & Susquehanna RR.. 2~ milei; East Glenville to Coons, 10 miles; total operated, 209 mileP. LEASED for 150 years from February, 1870, to Delaware & Hudson Ca.na.l Co., wbfoh Dec 31, 1893, owned $450,000 stock. Lessee guaran'<tees 7 per cent per annum on stock till the Albany City loan for$ L,00U,· -000 is paid by sinking; fund, thereafter 9 p er cent. (See wording of .guaranty in v. 56, p. 774.) Tlle loan is payable Nov. 6, '95, May 1 and Nov. 1, '96, and May 1, '97, $250,000 each d!ite. The Albany sinking :tund reoeives $10,000 per annum and interest on investments, and in .June, 1894, amounted to $571,393. Additions and betterments charged 1;0 lessors, and oost made part or investment. BONDS-The oonsolida.ted mortgage is for $10,000,000, of which $3,000,000 are 7 per cents, currenoy; the principal of the 6s is also payable in" lawful moaey," but the i nterest in gold. LATEST EARNINGSOharges. Dal., sury. Net. Gross. 3 mos. to Sept. 30. $216,9.>2 $296,648 $513,600 1894 .....•............ $1,032,632 227,254 294,291 521,545 1893 .................. 1,111,182 EARNINGS.-In year endin~ June 30, 1894, ~ross $3,988.795, against .4,298,894, in 1892-93; net, $1,782,796, a"'atnst $2,018,722; surplus ..overoharges, $611,1441 against $835,948. (V. 55, p. 298, 8?6: V. 56, p. 290,774,793; V. 57,p. 300, 809; V.58, p. 306,817; V. 59, P• 291, 878.) Albany & Ver1nont KK.-Owns road from Albany to Water• -lord Junution, -S. Y., 12 miles, Leased to Rensselaer & Saratoga in :1860 and now operated by D. & H. Canal Co. Annual rental, $20,000. Allegheny Valley Kallway.-Owns from Pittsburg to Oil City, Pa.., 132 miles; branches-Red Bank, Pa., to Driftwood, 110 miles; -others, 18 miles; total operated, 260 miles. ORGANIZ.\.TION, &o.-Reorganization March 1, 1892, of the Allegheny Valley Railroad, sold in foreclosure Dec. 15, 1891. Plan of reorganiza.,tion, etc., was in V. 53, p. 324, 368, 520; V. 54, p. 409, 524. Road con,trolled by the Pennsylvania RR. Co. as majority stockholder. STOCK.--Stock authorized $30,00i,000, of which $18,000,000 is oumuative a per cent preferred stock. Pennsylvania RR. Co. owns $9,· •653,800 common and $10,411,350 prererred stock. BONDS.-The general mortgage for $20,000,000 four per cent bonds ,has principal and interest unconditionally guaranteed by the Pennsylvania. RR. by endorsement on each bond. Of these bonds $17,100,000 ,(being the principal and 8 per cent additional of the prior liens not divested) a.re reserved to take up tho prior liens as they mature, and llllt000,000 were held for the future purposes or the company. The •Fiuelity Title & Tru8t Co. of Pittsburg is the mortgage trustee. The Pennsylvania RR. Co. guarantees to purchase the interest on the $10,000,000 loan of r870 and the bonds themselves at maturity, the ·interest on these bonds being, at the op~ion of the holder, either 6 per , cent in sterling in London or 7 per cent in United States currency in Philadelphia; they have tlrst lien on eastern extension and second on .River division. 'l'he Penn. .R&., the Northarn Central Railway and the Phila.. & Erie RR. are guarantors on the5 per cent loan of r870. EARNINGS.-11 months, ?_ 1894 ...... gross, $1,990,574; net, $769,900 51893 ...... gross, 2,265,069; net, 822,013 Jan. 1 to Nov. 30. ANNUAL REPORT.-Report for 1893 in V. 59, p. 27, showed gross, $2, • •436,816; net, $87710~7; capital tax:, $26,188; interest oharges $1,127,· 887; balance, detlmt, $277,0-!8. In 1892 gross, $2,636,697; net, $1,033,· 694; detlcit under charges $89,845. (V. 57, p. 103; V. 59, p. 27.) Allento-wn Ter1nlnal KR.- See SUPPLEMENT of Sept., 1894. Annapolis & Bait. Short Llne.-See BALT. & A. 8. L. AnnapoJll!I Washington & B altlrnore KK.-Owns road from . Anna.polis to Anna.polis Junction, 201.g miles. Organized in 1886. No bonds. Divilends: In 18l:!7, 5; in 1888, 4¼; in 1889, 4; in Lg9o, 414; in 1891, 5¾; in 1892, 6¾; in 1893, 51.g p. o.; in 1894, Jan., 3 p. o.; .ln July, 2 p. c.; in Oct. an extra. div. of 1·36 p. o.; in '95, Jan., 2¼ p. o. Ark a n sas Mid land KR.-Owns from Helena, Ark., to Clarendon, 50 in.; Pine City to Brinkley, Ark., 24 m.; total, 74 miles. Stock, $1,500,000; par, $100. Mort,(age is for $516,000, to cover 86 miles, but $216,000 can only be issued arter entire 86 miles has been laid with 56 pound st.eel rails. Central Trust Co., trustee. In February, 1894, . $167,000 bonds were held in the treasury; bills payable, $15,000. EARNINGS.-11 months,?_ 1894 .......... gross, $88,437; net, $47,800 5 1893 .. . .. ..... gross, 76,215; net, 30,998 Jan. 1 to Nov. 30. In year 1893 gross, $87,lj62; net, $35,063. Asheville & Spartanburo- KR.-Owns from Spartanburg Juno., 8. C., to Asheville Junction, N. C., 66 miles. Controlled by the Southern Railway Company, which owns $1,047,981 of the $1,050,· 000 stock and $215,000 2d mort. bonds. Default ooourred Oct., 1892. In September, 1894, James Swann was appointed reoeiver and the road orde1ed to be aold Feb. 15, 1895. In 1892·93 gross $143,215, against $153,357 in 1891-92; detlclt from oper. $904. Floating debt in 1893, $iJ97,000. (V. 56, p. 881; V. 60, p. 130.) A.tchlsou Colorado & Paclttc.-Owns Waterville, Kan., to .Leo.ora, Kan., 193 miles; Greeulear, Kan., to Washington, Kan., 7 miles; Downs, Kan., to Alton, Kan., 24 miles; Yuma, Kan., to Warwiclr,   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  $3,500,000 1,000,000 10,000,000 600,000 485,000 10,544,200 15,896,250 4,000,000 9,998,000 1,500,000 1,388,000 1,268,885 450,000 LINE. 358,000 133,000 500,000 215,000 480,000 4,070,000 542,000 102,000,000 1,000,000 1,500,000 1,560,330 130,324,000  Union Paoi:tto, whloh bonds, principal and interest. Controlled by Union Pacltio, but operated by Mo. Pa.cute. STOCK, $1,522,400 (par iL00l, or which U. P. owns $920,300. RENTAL, $254,370 yearly. interest due Nov. 1, 1893, was not paid. In ye \r 189.3 gross earuings inoludi~~ operar;ions ~r Atohison ;ewell Co. & \Yestern wet·e $B6,880 a~au:~iJJ $71.0,382 tn 1892; detlmt und~r operatmg expenses a,nd taxes, $33,63,>, agd.tn8t surplus of $L80!181; mtere~t1nb~•1•Ll,.$Htl,7~0; other ~llar~eiJ,$L0,6!0; total deficit for 1893 $320,99.> agamst $107,156 deflmt rot· 1892. EARNINGS.-11 months,?_ 1394 ...•..•.. gross, $333,962; net, $10,444. 51893 ......... gross, 457,146; net, 12,944. Jan. 1 to Nov. 30. Atcht 8 on Jewell County & Western K R .-Jamestown, Kan., to Burr Oak, Kan., 34 m. Under same auspices and oontrol as Atchison Colorado & Paoitic Stock $202 400 (par$100) of wltich UnloD Pacific owns $105,000. Rental, $84,000' p~r annum. Interest itue Nov. 1, 1893, was not paid. Earnings included in A.toh. Col. & Pa.cifl.o. Atchison Topeka & Santa Fe KR.- ( See Maps.)-ROAD.-'l'he syi-tem, well shown on the adjoinin~ ma.-ps, operated on June 30, 1893 9 3-14 miles ot roa.rl includin"' the dt. Loni~ & San Franoi ➔oo and Colo-' rado Midland, and' extenditg from Ullicago, Ill., to Denver, Uol., El Paso. Tex:., Guaymas, Mex:., San Franci8co, Cal., etc. For desorl_ption of mileage see SUPPLEMENT of May, 1894• ORGANIZATION, HISTORY, &c.-The main line, 471 miles, was opened December 23, 1872. '£he whole system outside of this main line is nominally under different corporations, whose stocks and bonds (ex• cepting those of the St. Louis & San Francisco and the Colorado Mldland) are nearly all deposited in trust under the A.tchison's blanket mortgage. The system ill therefore in effect one line. In 1889 the ooml!any was reorganized by plan ot October 15 [see V. 49, p. 504], and m 1892 the incomes were mostly converted into second mortgage bonds, payment or interest on which is obligatory. In May, 1890, control or the St. Louts & San Francisco Ra.Uway Com• pany was acquired, and in October, 1890, of Col. Mid. (V. 51, p. 608.) REC El VERSHIP.-Dec. 23, 1893, receivers were appointed for Atchison and subsidiary companies. Receivers are now J. J. MoCook of Boston, J. J. Wilson of Topeka,, Kan., and A. F. Walker of Chicago. Board of Directors' Oomrn,ittee: B. P. Cheney, Jr., Thomas P. Fowler W. L. Bull, George A. Nickerson and E. J. Berwind. V. 59, p. 919. REORGANIZATION.-In April, 1894, a general 1·eorganization comrn,ittee to r"'present all interests was formed, composed of R. Somers Hayes, Chairman, 32 Nassau St., N. Y., L, A. Von Hoffmann, Edward N. Gibbs, Frederifl P. Olcott, Loui,i Fitz~erald. George G. Haven, A.drian Iselin, Jr., all of New York; Wiila n Rotch, B. Rodman Weld, of Boston; Herman Kobbe is Secretary. ( '/. 58, p. 635.) JOINT EXECUTIVE COMMITTE~.-Edward King, Chairman; Edward M. Gibbs, Vice-Clrn,irman; R. Sowers Hayes, G. G. Haven, Adrian I selin, Jr., C. Sligo de Pothonier, Robert Fleming, John Luden and Victor Morawetz. (V. 59, p. 8 78.) The preliminary report or expert acoountllnt Stephen Little made to the Reorganization Committee on Aug. 9, 1894, stated that the income or the property for the four years ending June 30, 1894, had been over-stated to the amount ot $7,491,500, of which $7,285,621 was in the Atchison proper a nd $205,879 in the St. L. & San Fran. See Mr. Little's preliminary report in V. 59, p. 232; also editorial p. 'l09. Mr. Little's complete report, dateu Nov. 2, 1894, contlrmed his prellmiuary report anil increase,! the amount of the ov.. r-statement somewnat. See report of Nov. 2 in V. 59, p. 876, and also editorial p. 854. Protective Rem·ganization Oommittee is composed of Theodore W. Myers, Benjamin F. Tracy, Henry mews and E. N. Tailer, all of New York, and M. v. B. Edgerly, or Springfield, Mase1., and Charles H. Allen and M. F. Dickinson, Jr., of Boston. TI1e committee is opposed to the $12 assessment on Atohi~on stock (V. 59, p. 70), and invite deposits ot "A" and "B" and general mortgage bonds and stock. Deposita.riesFarmers' L. & T. Co. and Atlant10 Trust Co. of New York and American L. & T. Co. of Boston. R&ORGANIZATION PLAN.-In the advertising oolumns of the CHRON• ICLE of June 2d will l>e found in full the plan presented by the General Reorganization Committee under date of June 19, 1894. The discoveries or Mr. Little, however, which are referred to above, may necessitate some important changes in the plan. STncK..-Company reports $102,000,000 outstanding; New York Stock Exchange in January, 1895, $101,492,787 . RECEIVERS' CERTIFICATES.- In August, 18~4, issue of $1,000,000 receivers' certificates was. authorized. V. 59, p. 228. BONDS-The guarantee ftmd notes (for $9,000,000) were secured by a seoond mortgage ot the Atchison main line in Kansas and by the deposit in trust or the entire capital stocks of the Chicago Santa Fe & California (see that company below) and of the A. T. & S. Fe Co. in Ohi· cago, which owns the terminals in that city and whose bonds are a.11 held under tile general mortgage or 1889. To retire the notes at maturity a like amount of general mortgage 4s is reserved. As to the lien of tbe gu,ara1itee fund n,oles upoi;t the ma.in line in Kansas, it should be observed that the old first mortgage on tb.at line, dated 1869, is still held a.live as security for the general mort~a.ge or 1889, it being pro• vided in the genera.I mortga~e tha.t the underlying bonds shall not be canceled until it ha~ been a.scertainerl "tb.at a.LL tb.e seo·iritv or the bonds so to be canceled will, upon such cancellation and discharge, e  ~~==~~lie  MAP OH1 THE  ATCHISON, TOPEKA SANTA l~E R. R.  ri  00  A.ND  EASTERN & GULF SECTION. "  ti  ~ u; ~  0  ~  ua rn  c::1  ~  ; r3  ~ 0  .r  "  https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  t-4  ~  i I  I·-w'  ! I  ~  l>-  z  q  ~  Gl'tttu  ~ ....  '<It t-eJ>o,.  J>14"'~  00  (0  ~  re'1o. Austin oHamllton Treasure City 0  V  A  D  Patterson.o  A ~  oRevellle  ~ 0  ~  U1 ~  0  0 ~ [/'J  ~ to C  ~  ~  MAP OF THE  ATCHISON, TOPEKA SANTA FE R. R. AND  ~  :Ra.nclleria.  Oa.rmen  ~  Ojo  Caliente  ~ gMo~tezuma  ?<  :tagma.  WESTERN SECTI'1N.   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  C ~~;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;~;:,I  ,.  \.  ~  ~  00  u  1(  A  -,{,-¾~ :t;  RlO  eaaant Valley Jc, \.  A  H  •rnzea  I  i  l\  (i(  ~ "o } A  :'V  v~~'f>~~,:el~(,,,.. 'J".~ b  ,I," ..  ~ o"():  ~-,--  Cl)  ~  Centr~f .Cit  Geo:ro-6..  -~;~ll~  ~•6~p }  HaUec]t  CJlo...  q,-.::,  ·  1--3 0  (?11  /A·  II  II~ 00  q  1-tj 1-tj ~  t_%j oMan'tt  Low~r Prioe'h_  ,.n  ~  •.L'!,·  'Q"  ~  ~t,...,..,  -~~II~~  '~f,l'~q'~'?.fno-a ~ - u ~~ -  ~nclpn •. i'-(.  y~· §{.  o~,.-1:'ariy bPfE  I  /  ~PAO,  ii  II  Si  ~  MAP OF THE  COLORADO MIDLAND RAILWAY ATCHISON, TOPEKA & SANTA FE RilLROAD SYSTEM..   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  1 ~  ~  ~  :<.,#  ~  e,e,v-  ~~  0~~~~as\.~~ Junction Cit Oi TOPEKA KA SAS CITY ~ 0'.Ian ~ " " ' - n t Hill ,,: ~ a.'1lte~,;.  . Co~ Solmnri\i ,.,, ...,  ~  ~/  ~~, ecO • • • •~  - . 1 . 1 . ~ :Mar  [t Cl ► ~  ~l<j 1--'  ~  ~  °'  .:_,  ~  ~  0  ~ 00  l-3 0 0  Fl 00  ~  t, t:d 0  ~  rn  01' TH!l  ATLANTIC & PACIFIC RAILROAD AN.0 CONNEOT{ONS. Jud~ ScaZ.   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  o,  ATCHISON, TOPEKA & SANTA F'E .,c1·  ~~~-~  -.....~  UAILROAD SYSTEM.  ~~'I,  iv~"' :E  --  INVESTORS' SUPPLEMENT.  HJ  (VOL. IX.  Subscribers w-tll confer a great f'avor by giving lJnJDediate notice of' any error discovered in these Tables. RAILROADS. INTEREST OR DIVIDENDS. Bonds-Prino - - - - - - - - - - - - - - - - - - - - ~ 1 M i l e s Date Size,or Amount 1----,--------~------1pal,When Dne of of Par Outstanding Rate per When Where Payable, and by Slo~ks-Laet on first page of tables. Road. Bonds Value. Cent. Payable Whom. Dividend.  For explanation of column headings, etc., see notes  ---  A.tchison Top eka  d!  Santa Fe-(Concluded.)-  Guara.ntee fund noteEI, extended, red.at 100,gold 4 71 New 2d mortgage gold, class A, (see textJ .... c&r 6,634 do do class B, s~e remarks ......... c&r 6,634 Equip. Tr., Ser.A, f{., $250,000 drn. y'rly at par .. c. . ... Atchiso'lt System.-A.llantic d! Pacific.lat guar. trust M., $20,000,000, gold ..... __ ..... c* 692 West. Division2dM.guar.,g. (s.f. drawnat105),..c• 560 Inc. bonds. non-cum .. W.D. ($18,750p.m.) .. c &r .... CentralDiv., lstlandgrantmort., cumulative .. c~ ..•. Income bonds, non-cum. ($18,750 per mile)..c* ..•. A.tchison Systeni-Cen'illos Coal RR.lat M., gold, guar., s. f., subject to call at par .. c* .... A.tchison System-Chic. Santa Fed! Cat.-see textA.tchison System-Colorado Midland 1st mortgage, ($25,000 per mile) gold .......... . c+ 240 Consol. M. for $6,000,000, gd., guar p.&i. (end.) C' 267 Equipment bonds, s. f., drawn at 105, gold ..... c• ..•. Equip. bonds, B., dr'n at 105 after 1894., gold ... c. Aspen Short Line, 1st M., gold, interest as rental. · • "7 Busk Tunnel R'y 1st M. 1 gold, guar., red. at 105.c* ..•. Atehison System-St. Loitis d! San .Francisco2d mort. (now 1st), A, gold} (Pacific to Seneca,ok 294 do Series B, gold...... Mo.,& branches, o• 294 do Series C, gold...... 294 miles. o• 294 Mo.&West.RR.lstM.,g.,$5,000yearlydr.at105.o* 82  6 g. 1888 $5,000 $7,000,000 1892 500 &c. 80,000,000 3 to 4 f! . 5,000,000 4 g. 1892 500 &c. 1,750,00U 5 g. 1892 500 &c. 1,000 18,794,000 1887 1,000 See remarks 1887 50&c. 12,000,000 1880 1871 500 &c. 796,629 1,000 1882 1,823,000  4 g. J. & J. July '93 coup. last paid. 6 g. M.& 8. In default. A. & 0. 6 ··---····· At Mat. 6 ······---J. & D. 6 ..........  Nov. 1, 1898 July 1, 1989 July 1, 1989 Jan.1 '96-1902 Jan. 1, Sept. 1, Oct. 1, Nov. 1, June 1,  1,000  916,000  1886 1890 1888 1890 1889 1890  1,000 1,000 1,000 1,000  6,250,000 4,886,000 303,000 216,000 110,000 1,250,000  6 4 7 6 8 7  g. g. g. g. g. g.  J. & F. & M.& J. & J. & J. &  Dec.'93, couponlastp'd A~.,'93,coup.last paid. N. .Baring,Mago'n&Co N.Y. Barina,Mag'n&Co. July, '94, p . in Sep ,'94 Jan . .'94, coup. last p'il.  June Feb. Moh. Jan.  500,000 2,766,500 2,400,000 1,056,000  6 6 6 6  g. g. g. g.  M.&N. May.'94, p'd Oct. 22,'94 M.& N. May,'94, p'd Oct. 22,'94. M.& N. May,'94, p'd Oct. 22,'94 F. & A. See text.  Nov. Nov. Nov. Aug.  U>oo  1876 l00&c. 1876 500 &o. 1876 500 &o. 1879 1,000  1937 1907 1910 1901 1922  4 g. J. & J. N. Y.Baring,Mago'n&Co Jan. 1, 1904  18C2  ~reserved to and vested in the holders of the bonds secured hereby"•· e., the general mortgage. Of the unassented bonds i n the reorganization of 1889 $629,000 were in June, 1893, Chicago S. F. & Cal. guaranteed 5s, due Jan. 1, 1937. The gene1·at mortgage 4s, Union Trust Company of New York, Trustee, cover the entire property of the company, all shares 01 stock owned or controlled and named in circular 63 (V. 49, p. 504) all bonds owned and pledged under trust deeds, and all securities deposited under the reorganization. N. Y. Stock Exchange in Jan., 1895, reported $130,161,500 gen. 4s outstanding. Abstracts of all the principal prior mortgages were published in V.4'. 9, p. 54.6-551, and of the general mortgage in V. 49, p. 857,861, and of the new seoondmortgage in V. 55, p. 101. . The second mo1·tgage of 1892 covers all the property of the Atchison named in circular 63 (see V. 49, p. 504), and secures $80,000,000 of class A bonds,whioh were given in exchange dollar for dollar for the income bonds, the class A bonds bearing 212 per cent interest till Oct. 1. 1893 ; then 3 per cent till Oct. 1, 1894; then 312 per cent till Oct. 1, 1895, thereafter 4 per cent till maturity. Also Class B 4 per cent bonds to be sold for improvements at not over $2,500,000 per ye!lf. Practically all the incomes have been exchanged; Stock Exchange m Jan., 1895, reported $77,924,000 Class A outstanding. Mortgage trustee Union Trust Co. FLOATING DEBT.-The floating debt (including receivers, debt but not overdue or accrued interest) on April 30, 189'1. was reported by Mr. Little to be $12,834,223, including $4.,961,554 secured by collatteral. Gross offsets amounted ta $3,681,635. There was al o $680,128 car trusts, $2,000,000 equipment; trusts and $40,526 tor locomotives. Eee V. 59, p. 877. FIXED CHARGES, FINANCES, &c.-On the Sonora subsidy, payable in Mexican currency, payments began in August, 1890, and were to continue till $1,681,400 in all II.as been paid. The final payment of $350,000 was due in 1894, but to November, 1894, had not been paid; $250,000 due in 1893 was also unpaid. See V. 52, p. 49. EARNINGs.-On Atchison system proper, 7,476 miles, forFive months, 5 1894, gross, $12,664,420; net, $3,248,764 July 1 to Nov. 30. { 1893, gross, 15,227,008; net, 5,727,553 .ANNUAL REPORT.-Fiscal year ends June 30. Annual meeting is held on last Thmsday in October. The annual report for 1892-93 was given B•t length in the CHRONICLE, v. 57, p. 962, 977, 985 to 997, showing figures as below, but Mr. Little's examination in 1894 disclosed in the official reports an over-statement of earnings, which for the net of the entire system amounted to $2,697,086in year 1890-91, $1,512,224 in 1891-92 and $2,401,587 in 1892-3; and in 1893-4, prior to receivership, $880,603. See "Reorganization" above. For Engineer's report on the physical condition of the system a nd estimated expenditures needed for repairs during next six years, see V. 59, p. 1103. MR. STEPHEN LITTLE'S REPORT. Expert Little's report as to earnings on Atchison prope1·, 6,720 miles, shows as follows (see V. 59, p. 877)-  ,  M.&N. N. Y., Bank of N. Amer. A. &O, Oct., '93, coup. last pd. A. &O. do do J. & J. New York and London.  D. A. 8. J. J. J.  1, 1, 1, 1,  1936 1940 1898 1900  Juiy · 1,· "i935 1, 1, 1, 1,  1906 1906 1906 1919  V.59,p.70, 135,151,209, 228,232,290,4.72,514,551,737,780, 834, 854,876,878,919,967, 1006, 1103, 1140, v. 60, p. 42, 130.)  Atchison Systelll .-Atlantlc & Pacific KK.-(See Map}.ROAD.-Owns Western division from Isleta, N. M., near Albuquerque to Big Colorado River, 560 miles, with uranch, 4 miles, and Central Division, from Seneca, Mo., to Sapulpa, Ind. Ter., 112 miles. Leases from Big Colorado River to Mojave, Cal., 242 miles; trackage Atoh. T. & 8. Fe to Albuquerque, N. M., 13 miles; branches to mines, quarries, etc., 16 miles; total operated, 947 miles. HISTORY AND STOCK.-Chartered by act of Congress July 27, 1866 an important link in the Atchison system. Authorized stock $100,000, 000 (par, $100), of which $79,760,300 has been issued, $51,503,800 of this being owned by the Atchison Topeka & Santa Fe and. the St. Louis & San Francisco companies equally and deposited in trust for thirty years. The stock is classed thus: Common, $78,317,600; Missouri Div. pref., $42,700; Central Div., pref., $1,400,000. RECEIVERSHIP.-In January, 1894, the Atchison receivers were appointed receivers of the Atlantic & Pacific. COl\fMITI'EES.-Francis S. Bangs, J. G. McCullough, Otto T. Bannard, G. J. Wetzlar and William Basset are acting as a bondholders' commit· tee of 1st mortgal!e 4 per cent guaranteed trust bonds, in concert with Amsterdam and .1rrankfort holders. Depositarles: State Trust Co., N. Y., and Shawmut Nat. Bank, Boston. The Atchison reorganization plan makes no provision for Atlantic & Pacific bonds. V. 59, p. 70, 290. BONDS, &c.-The trust bonds due in 1937 are guaranteed severally (but notjointly) by the Atchison and St.Louis & San Francisco, each company guaranteeing one-half of each bond. They are secured by dep osit m trust of $16,000,000 Western Div. and $2,794,000 Central Div. first mortgage bonds, and coupons for $2,524,150. The second mortgage ($5,500,000) is held by the guarantors. [Abstracts of mortqages in V. 49, p. 302. l Deferred liabilities [due Atcli. and St. L. & S. F.J June 30, 1893, $15,!568.079. Interest on 1st guaranteed 4s due Jan. 1, 1894, and since has not been paid. PURCHASE FROM So. PAC.-In 1884 the Southern Pacific sold the 242 miles of road from Mojave to The Needles, to this company for $71 271,100, payable in Apr., 1905,inA. & P. first mort. bonds, issued on sa1d242 miles to amount of $6,059,250, and $1,211,850 in cash. Until clear title to this piece of road is given, the Atlantic & Pacific has possession and pays 6 per cent per annum on the $7,271,100. The same negotiation gave a right to run through trains to San Francisco over the Southern and Central Pacific line.a either on a mileage basis or at 3 per cent per annum on $40,000 per mile. See V. 39, p. 208; V. 40, p. 50. Court authorized payment of rental due Nov. 1, 1894, to Southern Pacitlc. LAND G RANT.-The grant claimed under the old A. & P. charter of July , 1866, is 25,600 acres per mile in Territories and 12,800 acres in States, On the Western Division the company has earned under its grant 20,. Year. Gross. Net. 0lhe1· inc. T'l income. 295,296 acres of land, 5,308,683 of which were sold to June 30, 1893, 1893-94 .......... $30,425,903 $7,692,887 $557,980 $8,250,967 leaving 14,986,613 acres undisposed of. Map of land grant was publis!l1892-93 .......... 37,052,354 11,787,902 483,229 12,271,130 ed in CHRONICLE, V. 36, p. 468. Expenses and cancellations exceeded receipts for year 1892-93 by $61,336. COMPANY'S REPORT. EARNINGS.-Five months, 51894, gross, $1,338,138; net, $255,52~. Year ending June 301891. 1892. 1893. July 1 to Nov .. 30. { 1893, gross, 1,299,196; net, 135,730. 7,114 Mlles operated June 30.•••. 7,130 7,481 Total gross earnings ..•..... $33,663,716 $36,438,188 $41,316,547 REVISED EARNINGS.-Mr. Stephen Little's report issued in N ovemMaintenance of road, &c .. $5,074,672 $4,954,113 $5,543,541 ber, 1894, showed earnings as follows for years ending June 30. (See Maintenance of equipm'nt. 3,399,204 4,064,561 4,559,120 V. 59, p. 877.) Year 1893-94., gross, $3,137,730, against $3,564,045 in Transportation and traffic.. 14,482,151 14,956,485 17,162,650 1892-93; net, $174,735, against $502,125; defl~it under taxes, equip. General. ...•.....••....•.•.. 1,087,142 1,235,773 1,340,488 and imp. charges, etc., $596,814, against def. $247,810; interest charges, $763,220, against $761,220 ; total deficit for year 1893-94, Total operating expenses. $24,043,169 $25,210,933 $28,605,799 $1,360,034, against def. $1,009,030 in 1892 93. Net floating debt April 30, 1894, is given as $589,506, and to be Net earnings................. $9,620,547 $11,227,255 $12,710,746 provided for rolling stock and locomotives purchased, $1,048,126. Per c. of oper. ex. to earns.. 71 ·42 69·19 69·24 EARNINGS.-In year ending June 30, 1893, gross were $3,561,045, INCOME ACCOUNT OF CONSOL. SYSTEM. a~ainst $3,361,400 in 1891-92; net, $478,106, against $550,064. 1891. 1892. 1893. Fu.ed charges: Taxes, $120,000; interest on guar. 4s, $751,760; int. Net earning!!......... .. ...... $9,620,547 $11,227,255 $12,710,746 on 2d mort., $330,000; rental of Mojave Division, $436,266; rentals of Income from invest., &o..... 770,156 818,280 828,358 cars and tracks, $68,299; total deficit, $1,227,416, against deficit in 1891-92 of $1,161,450; interest on unfunded debt due Atc]i. and St. L. Total net income ......... $10,390,702 $12,045,535 $13,539,104 & San Fran. $689,912. (V 55, p. 638, 989; V. 57, p. 990; V. 58, p. 42, Deduct987, 1108; v. 59, p. 70, 290, 780, 919.) Interest on guar. fund notes. $420,000 $407,822 $420,000 " " 4 p. c. ~enerals.... 5,024,286 5,102,182 5,121,908 Atchison SysteJD-Cerrlllos Coal KR.-Owns 26,000 acres of 2 212 coal lands at Cerrillos, New Mexico. Control acquired by Atchison in 2,139,256 January, 1892, and above bonds guaranteed. The sinking fund is to ~~:~-~:::~~ ( " ·' Col. Mid. bonds.. .... .. ...... . . . . .. . . . . . . 595,023 retire the entire issue by maturity. See V. 55, p. 983. Share of A. & P., int., etc.. .. 478,255 470,902 466,360 Ren. of track and roll. stock. 614,979 619,820 688,392 Atchison System..-Colorado Itildland KR.-( See Map.)Ren. of Mojave Div., (12)..... 218,133 218,133 218,133 Owns from Colorado Springs to New Castle, Col., 234 miles; Aspen Taxes..... ..... .. ..... . .. . . . . 1,240,018 1,103,500 1,278,488 branch, 18 m.; Jerome Park branch, 15 m.; leases New Castle to Rifle Bt. L. & S. F. (agr. Oct., '86).. 260,302 323,309 342,164 Creek, 14m.; RioGrandeJunctionRR., Rifle Creek, Col., toGrandJuncMiscellaneous........ ......... 92,395 242,802 351,000 tion, on the Denver & Rio Grande, 62 m. ;other, 7.:n.; total, 350 m. Busk Tunnel, from Busk to Ivanhoe, was completed in Dec., 1893. Total deductions.. . ....... $9,936,159 $10,480,630 $11,620,724 Bala.nee, surplus.............. $454,543 $1,564,905 $1,918,380 HISTORY AND STOCK..-Completed Oct. 15, 1888, and in October, 1890 -(V.58, p.42,81,126,222,430,549,635,681,987,1034,1054,1108; Atchison purchased entire capital stock of $8,000,000. V. 51, p. 608  :: :: tf~o~~~~~~:::: (   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  >_~:~~-~·-~~~  JANUARY, 1895  J  RAILROAD STOCKS AND BONDS.  13  Subscribers -will comer a great favor by giving lm.m.ediate notice of any error discovered In these Tables. Bontls-PrinoiINTEREST OR DIVIDENDS. RAILROADS. Miles Date Size, or val,When Due. of Par For explanation of column headings, &c., see notes of ~~~Jng Rate per . When Where Payable and by Stocks-Last 0 Cent. Payable Whom. Road. Bonds Value. Dividend. on first page of tables.  ---  Atchison System-St. L. cl: San Fr.-(OoncludedJSt. L. &SanF. col.trustiold,sink. fd.notdrawn.c* Gen. M., g . (let on 36 m.) $7,807,000 are 6s.c* Collat. Tr. M. on br'ches ($20,000 p. m.),gold .. o* Cons.M. $50,000,000,gold,'a;ar.p.&i. by A.t.c* &r Eiuip. MW.old, $80,000 . an.n'lly at 105.c* Bt.L. ich.& .lstM.,red.atl05,i••iuar.p.&i.c,. Kan. C. & 8. W. lstM.,~red. atll , mt. guar .. o" St. L. Kan. & 8. W. 1st ., g., guar., red. at 110.c St. L. Salem &A..lstM.,g.,guar.p.&i.,red. at105.o* Kan. Mid.1st M., gold, $15,000 p. m., guar. p.&i. .c Ft. 8. &V.B.Bridie lst M.,g.,dr.at 105,guar.p.&i.c* A.tchison System- outhern Oalif01-nia-Pref. stock. A.tlanta cl Oharlotte-Stock (5·6 p. c., but see text) .. Preferred mortgage, subject to call at 100 ..... ck lstM.[carriesvotingpower lOvotesforea. bond]r Income bonds (not cumulative), guaranteed .... r A.tlanta cl Florida-1st mort. ($8,000 p. m.) gold .. o* Atlanta cl West Point-Stock ..... .................... Debenture certificates .................. . . ......... Atlantic Oity-lstM., g., gu. p.&i. (end.) byP.&R.o* A.tlantic cl Danville-1st mort. gold, $16,000 p. m.o* Atlantic cl North Oarotina-lst mortgage . ......... Attantic cl St. Lawrence-Stock, 6%rental Grand Tr'k Atlantic Tennessee cl Ohio-1st mortgaae ........... Augi,sta cl: Savannah-Stock 7% rental entral Ga .. A 'We_usta Soifthern-lst pref. lien, g., r ed. at 105. c&r ew first mortgage, $400,000 ........•••••........  I "•  103 964 55 1327  1880 ~$1,000 $1,100,000 1881 1,000 20,100,000 5 & 6 g. 1,000 1887 1,099,000 5 g. 1890 lOO&o. See text. 4 g. 1,000 45,000 7 g. . --- 1880 145 1879 1,000 2,000,000 6 g. 62 1886 1,000 744,000 6 g. 1,000 70 1886 890,000 6 g. 54 1886 1,000 810,000 5 g. 107 1887 1,000 1,608,000 4 g. 1,000 369,000 6 g. 1885 100 49i Bee text. 100 269 1,700,000 Bee text. 1,000 26512 is11 500,000 I 7 1,000 4,250,000 7 265½ 1877 1880 500 750,000 6 840,000 6 g. fo5 1889 1,000 ..... 100 1,232,200 Bee text. 86 1,000 1881 1,232,200 6 1,000 1889 2,200,000 5 g. 1,000 283 1887 4,952,000 6 g. .... 1887 1,000 325,000 6 £&$100 5,484,000 6 per an. 150 44 150,000 6 .$ioo 1,032,200 53 7 per an. 85 500 60.000 ...... (i) 57 •. 85 1894  ----  iss3 isos  Total.. .......................... $2,980,576 $3,197,036 $3,253,311 Charges (incl. imp'ts in 1890-91) .. 3,079,920 2,610,418 2,763,545 Balance St. L. & 8. F. proper .. def.$99,344sur.$586,618sur.$489,766 650,129 627,679 564,918  - - -- -  St. L. & 8. F. System............. def.$749,473 def.$41,061 def.$75,153   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  -----  I  ·ss  RECEIVERSHIP, ETc.-Receivers are J. J. McCook, J. C. Wilson and A . F. Walker. Consol. mort. interest due Feb. 1, 1894, was not paid. Interest on first mortgage, due June 1, 1894, and Busk Tunnel bonds, due July 1, 1894, and since, was not paid. BONDHOLDERS' COMl\HTTEE.-For Colorado Midland first and consol• 4s, J. R. Busk, T. M. Davis, Willam Lidderdale, George Mosle, W. G. Rathbone. W. D. Sloane; depositary, Central Trust Co., N. Y. Oscar Bunke. Secretary, 41 Wall Street, New York. See V. 59, p. 1006. BoNos.-A.bstract of first mortgage in V. 45, p. 540, and of con.sol· mortgage in V. 51, p. 572. Central Trust Company is trustee of both, The con.sols are guaranteed by Atchison. Both issues of equipment bonds are redeemable by sin.kin~ funds at 105, and are to be paid at maturity at same rate. The Busk Tunnel mortgage is for $1,500,000. Due Atchison July 1, 1893, $1,249,401. EA..RNINGS.-5 months, 5 1894 ......... Gross, $675,537 ; net, $83,242 July 1 to Nov. 30. ( 1893 . . ...... Gross, 611,396; net, 63,711 REVISED EARNINGS.-Mr. Stephen Little's report (issued in Nov., '94,) for the years ending June 30 (on 350 miles) showed earnings as follows (see V. 59, p. 877): For year 1893·94, gross $1,463,256, agamst $2,140,006 in l892-93; net $ l21,667, against $34 l 629; deficit under taxes, improvements, etc., $47,567, agamst def. $13,557; interest charges, $600, l 86, against $59 >,023; total deficit for year 1893·94, $647,753, ao-ainst deficit $608,580 in 1892-93. Floating debt (net) on April 30, 1894, was given as $183,358. ANNUAL REPORT.-Report for 1892-93 in V. 57, p. 977 and 991. Year. Gross. Net. Rentals, etc. Interest. Deficit. 1892-93 ......... $2,140,006 $341,629 $235,970 $595.023 $489,364 1891-92 . ........ 2,103,600 563,583 205,120 596,860 238,397 -(V. 57, p. 22, 97'7, 991; v. 58, p. 81,222; v. 59, p.1006, 1057, II04.) Atchison System..-St. Louis &; San Francisco Ky.-(See Map.J-Own.a St. Louis. Mo., to Seneca, 326 m.; Pierce City to Wichita, Kan., 217 miles ; Monett, Mo., to Paris, Tex., 303 miles ; branches, 199 miles; total owned June 30, 1893, 1,046 miles. Leases 282 miles, and half owns the Atlantic & Pacific, 947 miles; Wichita & Western, 125 miles; total (counting one half of mileage half owned), 1,864 miles. RECEIVERSHIP.-Receivers are J. J. McCook, J. W. Wilson and A.. F. Walker. A.s to action regarding leased lines see V. 59, p. 1103 and 1057. COl't1MITTEES.-In January, 1894, Louis Fitzgerald, Edward King, Isaac -W. Seligman, Ernst Thalmann and S. D. Davis were appointed a St. L. & San Fran. bondholders' committee. Consolidated Mortga~e Committee: Francis Peabody, Jr., J. Kennedy Tod and F. W. Wllit• ridge; depositaries, American L. & T. Co., Boston, and Manhattan Trust Co., N. Y. Plan V. 59~ p. 1057. Bill for foreclosure under .::it. L .. & San. Fr. general m01·tgage was :fl.led in May, 1894. V. 58,p. 774. COUPONS.-The coupons in default on Jan. 19, 1895, included Series A., B and C of Nov., 1894, general 5s and 6s of J an., l 895, and consolidated 4s of April, 1894. July, 1894, gen. mort. coupons were paid Dec. 1, 1894. V. 59, p. 967. Int. due Feb. 1, 1895, on Mo. & Western 1st 6s will be paid that date; the August, 1894, interest was paid Oct. 22. V. 60, p. 42. See table above for date of payment of overdue coupons. K. C. & S. W. July, 1894, int., St. L. Salem & A. June, 1894, int. Kan. Mid. June, 1894, mt. and St. L. K. & ';. W. first mort. int. due Sept. 1, 1894, was not paid. A., B & C bonds had May, 1894, coupons paid Oct. 22, 1894. CAPITAL STOCK.-Common, $35,500,000; preferred, $10,000,000; 1st pref., $4.,500,000. The stock is all owned by the Atchison. BONDS.-Of the consolidated mortgage, see full absn-act in V. 54, p. 244. On July 1 1 1893, con.sols outstanding were $11,49!,800; demand loan.a due Atchison secured by con.sols (additional), $1,453,155; bills l)ayable, $448,651. N. Y. Stock Exch. in January, 1895, reported, $14,294,500 con.sols outstanding EARNINGS.-5 months, 51894 .... Gross, $2,811,621; net, $1,301,725 July 1 to Nov. 30. i 1893 .... Gross, 2,938,022; net, 1,256,124 REVISED EARNINGS.-The report of Mr. Stephen Little, issued in Noyember, 1894, gave earnings for the years ending June 30 (on 1.327 miles) as follows. (See V. 59, p. 877.) For year 1893-94, gross $6,186,667, against $7,635,136 in 1892-93; net, $2,221,538, against $3,117,213 ; aeducting taxes, rents, etc., balance applicable to interest, $1,671.995, against $2,383,812; deficit under fixed char~es in 1893·94, $599,662, against surplus over charges, $115,424 in 18~2·93. Floating debt (net) April 30, 1894, ~487,752. ANNUAL REPORT.-Report for 1892-93 was in v. 57, p. 977, 992. Yea1·s ending June 30.1891. 1892. 1893. Mileage.............................. 1,329 1,3281/4328 Gross earnings ..................... . $6,748,508 $7,053,2~8 $7,542,658 Net earnings ........................ $2,907,650 $3,040,044 $3,089,507 Other income.................. _..... 72,926 156,992 163,804  -'.. & P. and Wich. & West. int.......  ----  I  F. & A. ,I  ~  Aug. 1, 1920  J. July,'94,"paiiinec. t,'94 July 1, 1931  o.  0. D. 8. J. 8. D. D. 0.  N. Y., Union Trust. Oct.. '93 coup. lastpaid. June,'94 , pd. Aug. l,'94 Sept., '94, pd.Oct. 22,'94 Jan., '94, coup. last pai,t Mch.. '94, coup. last pd. Dec.. '93, co•1p. last paid Dec.; '93, coup. last paid Oct.,'94, paid Dec.1,'94.  Oct. Oct. June Sept. Jan. Sept. Dec. June A.pr.  M.& B. A.. & o. J. & J. A. & 0. M.&N. J. & J. J. & J. M.&N. A. & 0. J. & J. M.& 8. A.. & o. J. & D. J. & D.  N.Y.Cent.Tr.Co.,54Wall do do do do do do May, 1892, cou~ons on. Atlanta, a. Atlanta, Ga. Phila., Read. Ter. Bldf Oct., '90, coup.last pai . Balt.,Nl.F'rm'rs'&P.Bk London and Portland. N.Y., J.P. Morgan&Co. Bee text. N. Y., & Augusta, Ga.  Sept: 6,".i 894 A.pr. 1, 1897 Jan. 1, 1907 A.nr. 1, 1900 Nov. 1, Ul93 Jan. 4, 1895 Co's option. May 1, 1919 Oct. 1, 1917 July 1, 1917 Sept., 1894. Apr., 1913. Dec., 1893. Dec. 1, 1923  A.. & A.. & J. & M.& J. & M.& J. & J. & A. &  .....  ·-··  .. . . .......  ..........  1, 1, 1, 1, 1, 1, 1, 1, 1,  1987 1990 1895 1919 1916 1916 .1 936 1937 1910  ···•-· ···  -(V. 57, 9'7''1, 992; V. 58, p. 69,384,430,595,681,774, 1108, 1109;  v. 59, p. 737, 967, 1057, 1103; v. 60, p. 42.)  Atlanta&; Charlotte Air Line Ky.-Owns Charlotte, N. C., to Atlanta, Ga., 269 miles. Formed February 27, 1877, after foreclosure. R. & w. P. TER. REORGANIZATION.-Under Terminal Reorganization plan, modift 1d Feb. 20. 1894, the bonds of Atlanta & Charlotte were left undisturbed, but it was suggested that the rental might have to be modified so that stock should receive smaller dividends until the 7 per cent bonds can be refunded <at maturity) at a lower rate of in• terest. See V. 58, p. 385; also Southern Ry. mortgage, V. 59, p. 787. Southern Ry. con.sol. 5s for $1,700,000 can be used only to acquire it deemed necessary a like amount of this company's stock. EARNINGS. • From Jttly 31 to Dec. 31, 1893 (5 months), gross were about $637,000; net about $131,000. From June 16, 1892, to July 31, 1893 (13½ months), gross $1,785,076; net $193,916; rental, $543,000; construction, $51,334; balance, deficit, $400,418. DIVIDENDS have been-From 1881 to 1889, inclusive, 5 per cent yearly in 1890, 512; in 1891, 6; in 1892, 6; in 1893, 6 p. o.; 1894, 6 p. c. Atlanta&; Florida Ky.-Owns from Atlanta southerly to Fort Valley Ga., on Central RR. of Georgia, 105 miles. Sold at auction May 2, 1893, for taxes due the State. Receiver was discharged, but in October, 1894, W. B. Thomas, of Augusta, was appointed receiver. There are said to be claims amounting to $147,000. R eorganization pending. Stock, $1,115,000; par $25. MORTGAGE trustee Central Trust Co. In yaar ending .June 30, 1892, gross earnings were $103,324; deficit under overating expenses, $229. [n year 1890 gross, $128,842; net, $7,550. -(V. 54, p. 287; V. 56, p. 578, 792, 972.) Atlanta &; West Point KK.~Owns from Atlanta, Ga., to West Point, Ga., 86½ miles. In April, 1881, control was acquired by the Central RR. of Georgia through lease of the Georgia Railroad, etc. DIVIDENDS beirin in 1855 were for many years 8 per cent per annum. From Jan. 1, 18i::s4, to Jan. 4, 1895, 6 per cent yearly. EARNINGS.-4 months,?_ 1894 . ........ Gross, $168,162; net, $72,560 July 1 to Oct. 31. 51893 . ........ Gross, 151,301; net, 60,::S31 ANNUAL REPORT.-Fisoal ye t r ends June 30. For 1893-94, gross $479,768; net, $180,176. Report for 1892·93 shows the following, over $39,000 for extraordinary expenses having been charged to operating expenses: Gross earnings, $446,732 net $131,174; interest on bonds, $73,932: dlvidends paid, $73,932 ; deficit, $16,690. In 1891-92 gross, $475,802. (V. 57, p. 485.) Atlantic City Ry .-Camden to Atlantic City, 57 m.; with branches, &c., .,f 40 m., of which 14 leased. Consolidation in 1889. Controlled by Philadelphia & Reading RR. STOCK, common, $1,200,000; preferred, $1,000,000; (par, $50), of which $1,198,600 common and $952,300 preferred owned by Phila. & Reading, aud deposited as part security for their collateral 5s of 1892. DrvrnENDS on preferred: In 1891 about 3 p. c.; in 1892 about 7·8 p. c.; in 1893 about 8·3 p. o. Trustee of mortgage, G 1arantee Trust & Safe Dep. Co. of Phil. [n year ending Nov. 30, 1893, gross e 1rnings were $813,241; net, $206,133; interest charges and rentals, $124,993; balance, surplus, $81,140, against surplus of $88,664 in 1891-92. Atlantic &; DanTllle KK.-Completed Feb., 1890, Portsmouth near Norfolk, to Danville, Va., ~04 miles, and. J a.mes River Junction to Clai:emont (3 feet gauge) 5 l miles; branches, 28 miles; trackage, 2 miles; total, 285 miles, of which 56 miles 3 foot gauge. · · HISTORY.-Receivers appointed in January, 1891. Road was sold April 3, 1894, to B. Newgass & Co. of London for $1,100,000. Operated by A. B. Thom, Receiver, pending or~anization of a new company U:1!1.der reorganization plan1 bondholders paying an assessment of 25 p. c. , o receive 25 per cent m new 5 p. c. bonds, 60 per cent in preferred and 40 per cent in common stock for old bonds. Bee plan V. 58, p. 815. Stock, $5,754,890; par, $100; oar trusts, $313,960 June 30, 1892. EARNINGS.-In year 1892-93 gross, $576.812; net overtaxes, $13,600; -permanent improvements, $43,656'; deficit for year, $30,056. (V 56, p. 164; v. 58, p. 512, 594, 815.) Atlantic&; North Carolina RK.-See SUPPLEMENT of Sept.,'94. EARNINGS.-For year 1893-94 gross,$146,478; net, $68,829; charges $33,821 ; balance, surplus, $35,008 ; paid dividends, $35,950. Atlantic Tennessee & Ohio KK.-Owns road from Charlotte, N. C., to Sta~sville, N. 0., 44 miles. Leased for 99 years from Oct. 1, 1881, to Charlotte Col. & Augusta for interest on bonds and 4 p. c. on stock. Operated under temporary arrangement by Southern Rail way Co. STOCK.-$400,000; par $50. Under the Richmond Terminal re• organization plan of Feb. 20, 1894, the first mortgage 6s are not disturbed, but the stock is reserved for future negotiat10ns. Augusta&; Savannah KR.-Owns from Millen to Augusta, Ga., 53 miles. Leased in pe111etu:ity to Central of Georgia for $73,000 per annum. Lessee is in rece1 vers' hands, and June, 1893, dividend was not paid. Dec., 1893, dividend was paid April 9, 1894. The U. s. Circuit Court in June, 1893, decided that if the A. & S. stockholders were not willing to accept in lieu of rental all net earnings not in excess o: the agreed rental, that tlle road should be surrendered to them. EA.RNINGS.-For year ending June 30, 1894, gross were $201,854; net, $56,232. In 1892-93 gross $254,945; net, $91,688.  INVESTORS' SUPPLEMENT.  14  (VoL. LX,  Subscribers will con.fer a great .favor by giving llnmedlate notice o.f any error dlseovered In these Tables. Bonds-Prmc:I INTEREST OR DIVIDENDS. RAILROADS. Miles I Date Size, or Due. Amount Rate r,er When Where Payable, and by pal,When Par Outstanding For explanation of column headings, &c., see notes Stocks-L&.6t Rg~_IBg!ds Value. Cen . Payable Whom. on first page of tables. Dividend.  Austin cl Northwestern-lstmort.g., gu. p &i..c*&r Bald Eagle Valtey-lstmort. (s. f.,drawnatlOO) .. r Baltimorecl.An11ap.S.L.-lstM. (4p.c.aft.Jan.1,'97)g. BaJ,timot·e Ohesapeake cl .Afla,i.-11-t mort., gold .. c* .Bal,timore cl Leh ,gh Ry.-Mort., $250,000; no bonds  103 90 28 ...  .... .  1891 $1,000 1880 1,000 1894 ....... .... , .. 1894  .--·· ... ---- is5a  BaJ,timore cl Oh-io-Stock (see remarks) ......•...... ··-· let and 2d pref. stock, cumd $3,000,000 is 1st pref .Loan due in 1880. extende , payable at will . ..... 379 .Loan, 1853, extended in 1885, gold .......... .... 379 .Loan, 1870. sink. fund £16,000 yearly, not drawn 379 :Mortgage 1872, sink. fund £12,000 semi•annually 421 .Mortgage 1874, sink. fund .£9,000 semi•annually. 421 :Bond to City Baltimore (payable$40,000 yearly). 379 -Consolidated mortgage (for $29,600,000) gold.c* 511 Loan, 1877 (s. f. dr'n at 100) (B.& O.&Oh. bds.col'l)c 263 N. W. Virginia RR. 1st M. (ext. in 1888) assum.c} 104. { B. & O. loan 1879 (Parkersb'g Br. bonds collat.) Mort. on Pbtla.Br. , with Balt. & Phila. bds.as col.c 108 Wash C.& P.L.(A.lex.Br.) 1st M.g.s.f.$36,000 p.an . 12 .Pittsburg & Connellsville 1st mortga~e........... 149 Con.sol. mort., gold, guar. (s. f. £7,2 0 pe-r r..) 149 B.&O. loan,'85,g. (Pitts. & Conn.bds. as col.J .C"°(.n 149 1st Terminal mortgage, gold (see text) .... . .. c* .... .Car trust loan, gold ($:l50,000pd.yearlyJ·an. ll.c Equipment trust ($100,000 paid yearly April ll .... Equip. trust, Ser.B.,$200,000 due y'rly Nov. 1.o* ·10 't:I .; f Sohuyl. R. East Side RR. 1st M., g. (guar.) 4)~ Monongahela River RR., 1st M., g, guar.c* 32 : o Ba.It. & N. Y. RR., 1st M., gold,flar ... e&r 512 ci,:S Akron & Chic. June. lstm., ffol , int. gu.c* 73 ~ cil Balt.Belt.lstM.for $6,000,0 O,g.,int.gu.c* 8 ~ 2d mortgage, $2,500,000, gold ..•....... ....  ....  1l  - - - -------·· 100  100 500 &c. 1853 500 &c. £200 1870 £100 1872 1874 .£200 1875 1,000 1887 .£200 1877 1855 $1,000 1,000 1879 1883 £200 1,000 1873 1,000 1868 £200 1876 1885 $1,000 1,000 1894 1,000 1887 1,000 1889 1,000 1890 1,000 1886 1,000 1889 1,000 1889 1890 1,000 1890 1,000 1894 ....  -----·  5 g. J. & J. N. Y., Cent. Trust Co. July 1, 1941 $1,920,000 F. & A. Phila.,F.Ins.Tr.&8.Dep. Jan. 1, 1910 34.8,000 6 3-4 g. J. & J. 500.000 See text. Jan. 1, 1944 5 g. M.& fl. . ......... 1,250,000 Sept., 1934 6 ~50,000 25,000.000 See text. M:·&· N. Balt. Offl.ce: ·cent. Bldg. Nov:i5: 1894 5,000,000 6 1,er an. J. & J. do do Jan. 2, 1895 4 J. & J. 579,500 do do Atwill. 4 g. A. & 0. 1,709,500 do do Oct. 1, 1935 6 g. M. & 8. Lond'n,Baring Bros&Co Mch. 1, 1895 3,454,792 9,301,512 6 g. M.& 8. do do Mch. 1, 1902 6 g. M.&N. London,J.8.Morg,n&Co May, 1910 9,634,504 Baltimore, 0 ·ce. 6 J. & J. 240,000 July, '95·1900 10,100,000 5 g. F. & A. N. Y., Union Trust Co. Feb. 1, 1988 5 g. J. & D. London,J.B.Morgan&Co June 1, 1927 6,857,312 J . & J. Baltimore, B. & 0. RR. Mch. 1, 1902 140,000 6 6 A. & O. N. Y., D. M. & Co. & Ba.It. Apr. 1, HH9 3,000,000 412 g. A.. & o. London, Brown 8. & Co. A.pr. 1, 1933 11,616,000 6 g. J. & D. Baltimore, 0 fflce. 540,000 June 1, 1913 4,000,000 7 J . & J. Baltimore, B. & 0. RR. July, 1898 J. & J. Lond'n,J.8.Morgan&Co. 6 g. 6,567,880 Jan. 1, 1926 5 g. F. & A. N. Y., Union Trust Co. Feb. 1, 1925 10,000,000 8,500,000 412 g. J. & D. N. Y., Brown Bros.&Co. June 1, 1934 412 g. J. & J. Balt'me, Mere. Trust Co . 10 ~- c. yearly 500,000 500,000 A.. & o. Philadrin'ce C°a_ of Pa. 18 5 to 1899 5 1,200,000 5 M.&N. 0 Nv-.1,' 95·1900 5 g. J. & D. Phila., Solicitors' Co. 4,500,000 Dec. 1, 1935 5 g. F. & A. N. Y., Central Trust Co. Feb. 1, 1919 700,000 350,000 5 g. M.&N. N.Y., Drexel-M.; &Balt. May 1, 1939 '1,500,000 5 g. M.& N. N. Y., Mere. Trust Co. Nov. 1, 1930 6,000,000 5 g. M. & N. N. Y.,Brown Bros.&Balt Nov. 1, 1!90 . .......... Sep.'94,none Apr. 1, 1 44 412 A. & 0.  I  A.ugusta Southern. KK .-Owns from Augusta to Sandersv ille, Ga., 80 m. (narrow gauge), and Sandersville & Tennille RR., 4 miles. The .A.ngusta Sout11ern was a reorganization in May, 1893, of the A.u~sta Gibson & Sandersville. Under the new plan there will be issued $400,000 new first mortgage 5 per cent bonds to standard·gauge the road and retire the $60,000 prior lien bonds outsta nding; new ureterred stock for $350,000 to go to A. G. & S. bondholders; and new oommon $100,000. In January, 1895, the plan h a d not yet been per.tecttd. EARNINGS for 11 months ending Marrh 31, 1894, gross, $68,· 65-5; net, $17,439; extraordinary expenses, $9,000. President, James U. Jackson, Augusta, Ga. A.ustln &: North"Western RK.-Owns from Austin to Llano, Texas, 99 m.; branch, Fairland to Marble Falls, etc., 6 mile:'! ; total, 105 miles, all standard gauge. Stock authorized and outstanding $1,016,600; par $100, of which the Southern Pacilic Company owns $1,008,000. The land grant was 600,000 acres. MORTGAGE trustee A.tlantic Trust Co. The 5 per cents are for $20,000 per mile and have principal and interest guaranteed by the Southern Pacific Company. EARNINGS.-11 months.~ 1894 ......... gross, $230,740; net, $94,620 Jan. 1 to Nov. 30. i 1893 .......• . gross, 241,602; n et, 102,731 "For year 1893 gross $254,986, against $304,266 in 1892 ; net $103,· 482 against $130,561; other income, $13,851; interest and taxes, $102,704; balance, s urplus, $14,629. (V. 54, p. 1009; V. 56, p. 331. ald Eagle Valley RK.-Owns froIL Vail Station, Pa., to Lock· havt,n, Pa., 51 miles; branches to Sugar Camp, etc., 39 miles. !Leased to Pennsylvania RR. Co. for 99 years from December 7, 1864. 1Rental, 40 percent of gross earnings. Rentalin 1893$219,174. In 1S~l2. $258,632; surplus over fixed charges, $228,625, out of which paid dividends (10 per cent) $140,625. Stock authorized, $2,000,000; outstanding,$1,535,000 (par $50), of which Pennsylvania RR. Jan. 1, 1894, owned $706,250. Di videndsare paid F&A. (V. 56, p. 625.) Baltllllore &: A.nnapolls Sllort Line KK.-Owns road from maltimore to .Annapolis, Md., 28 miles. Formerly .Annapoli & B. 8. L., ,sold in foreclosure in 1894. STOCK.-Common, $400,000; pret'd, $500,· , 000. Mortgage is .for $600,000, bonds for $100,000 being reserved. ..January, 1895, interest was paid in July m 1894 in advance. Baltbnore Che111apeake &: A.tlanttc Ky.-Owns Claiborne to •Ocean Citiy, Md., 89 miles; from Claiborne to Baltimore, 42 miles, transfer is made by water. HISTORY.-A. reorganization in 1 94 or the Baltimore & Eastern Shore, which was so1d A.ug. 29, 1894 (V. 59, p. 371), the Maryland Steamboat Co., Eastern Shore S. B. Co. and Chop• t.ank 8. B. Co. Fifteen boats are owned. STOCKS AND BONDS.-Preferred is $1,500,000, entitled to 5 per cent; .common, $1,000,000. First mortgage is for $1,250,000 40-year gold bonds. Atlantic Trust Company, New York, is trustee. President, ohn E. Searles, New York. (V. 59, p. 152, 371.) Baltimore &: Lehigh Kal1road.-SEE YORK SOUTHERN. BaUlmore &: Lehi:,rh Kail"Way.-Road from Baltimore to ,South..DeJ.ta, MJl., 44 miles. A reorganization July 31, 1894, of the .3ciairyland end of the Baltimore & Lehigh Railroad, 11old in foreclosure dn.June, 1894. Capital stock is $~50,0UO; par $100. Mortgage is to ::Mereantile Trust & Depo,dt Company of Baltimore, for $250,000, at 6 r.J>er cent, and is not represented by bonds. EARNINGS.-Aug. & Sept. i 1894 .••.... ·r-oss, $31,509; net, $10,2!3 2 months. 51893 ..... . • ,e:ross, 30,387; net, 4,0o9 Jl>resident, John Wilson Brown, Baltimore, Md.  B  KR.-( SeeMap) ,-Operatee from Baitini.6i'e -lid }Philadelphia. and Balto. to Chicago, and has 1 via the Baltimore & Ohio t outhwestern, a direct route to Cincinnati and St. Louis, the total lmileage leased, owned and operated (excluding the :Salt. & Ohio South• westlern) being in July, 1894, 2,065 miles, of wh1ch 756 miles are wee-t and 1,309 miles east of the Ohio River. The '' ~1tiG Line" (see Central RR. of N J.) enables it to reach New York, near Which, on Staten Island, it has freight terminals. See 8. I. Rapid Tra:b.Sit. Also ,operates the Valley RR. of Virginia, 62 miles, and Fairmont Morgan·rown & Pittsburg. V. 57, p. 255. Controls the Valley of Ohio, and is tnterested in the West Virginia & Pittsburg (see that co.) Rr81'-0RY, LEASES, &c.-Chartered in Marl land Feb.28.1827, and tb Virginia March 8, 1827. First section opened May 24, 1830. The Tele• graph Co.,s. stock was sold to Western Union for $5,000,000 Western Union -stock .at par and a rfntal of $60,000 per year for tlfty years. A ~ntract or 1ease made with the Chic. & N . .Pac. in Dec., 1891, gives use ~f .aniple terminals in Chicago. See Ch. & N. P. and v. 55, p. 898. .:a eontrolling interest in the stock of tbe Pittsburg & Western (which -eeel was acquired in 1891-see below. .Also owns a controlling interest in the B. & 0. S. W., which see. For contract with A.kron & Chicago Junction and Baltimore Belt roads see V. 51, p. 344. CAPITAL 8TOCK.-See application for listing in N. Y. in v. 54, p. 368, .Preferred stook cai:ries 6 per cent dividends only. 1n Nov. 1891, the stock was increased from $14,792,566 to $25,000,· 000 to pay a 20 per cent stock dividend, $2,161,800 for purchase of Pittsburg & West. RR. stock and about $5,000,000 for improvements. DIVJD.ENDS since '85 51886 .1887 '88-'90 180i l8!)2 1893 1894 On.common · · ·--· ··{ 8 4 ~0 1.1 0 . 20* 3¾ 5 below 1Baltllllore &: Ohio   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  In 1894, May, 212 p. c.; Nov., 2 p. c. See V. 59, p. 696. l*In stock. Dec. 31, 1891.) BoNDs.-In addition to bonds given above as outstanding the B. & O. 3inking funds held June 30, 1894, consols of 1887 to the amount or $5,830,000 (interest on which is paid in consols themselves) and other first-class interest-bring bonds to the amount of $5,152,308. The loan of 1883 is secured by first mortga"'e on the road from Canton, Md., to Delaware State line, 52 miles, an3. by pled~e of first mort[a~e bonds of Balt. & Pbila. RR., Delaware State line to Junction near .t'b1ladelpllia, and Landenberg, etc., branches, 56 miles; total, 108 mils. The consolidated mort. of 1887 (trustee, Mercantile Trust & D('lp. Co.) covers the main line, Baltimore to Wheeling, and branches, 444 miles, the two Ohio River bridges, stock of the Washington branch for $1,028,000, and the entire issue of first mort. bonds ($5,000,000) on the road between Pittsburg and Wheelin~. The con.sols unissued are reierved to retire prior bonds not held by sink. funds. Mort. ahstract V. 46, p. 804. The terminal mortgage of June 1, 1894 (trustee, Mercantile Trust Co. of N. Y.), covers certain lands and terminal properties used by the company in Baltimore, Cumberland, Brunswick, Md., and Benwood, W. Va., and at Phila. and Pittsburg, Pa. It is also secured by deposit thereunder of certain tocks and bonds of the Metropolitan Sottthern RR., Schuylkill River East Side RR., Washington & Western Maryland R.R. and Georgtown Barge Dock Elevator & Ry. companies, amounting to par value of $i,773,:L50. See abstract in V. 59, p. 71. The mortgage provides for a present issue oi: $8,500,000 gold 412 per cent bonds and an additional issue of $6,500,000. GUARANTIES.-ln addition to the bonds given in the table, the company guarantees the following bonds. See statement for tbis co. ,r B. & O. Southwestern 1st 412R, ,r Win. & Potomac, $147,250 1st 6s. do do 1st consols. Columbus & Cin. Midland 412s. ,r Staten Island R. T. 2d 5s. ,r Pitts. Clev.&Tol.,astoint.,lst6s.,r Valley of Va., $413,000 1st 6s. ,r West Va. &Pitts., as tu int.,lst 5s.1J GENERAL FINANCES, &c.-This company operates one of the leading trunk lines to Chicago, as well as a line to Cincinnati and St. Louis. A.rter having paid dividends for many years the company passed tlle November, 1887, and subsequent dividends on common stock. [n 1892 cash divirlends were resumed. Special loans and bills payable were $4,lrn,655 July 1, 1894. For offsets see CHRONICLE of November 24, 1894. Tbe terminal bonds (see mortgage above) for $8,500,000 were sold in London in June, 1894. The mort~age provides for the lease by the B. & O. of certain real estate and terminals in Baltimore, Phila. Pittsubrg, etc., at an aggrt>gate annual rental of $375,000. V. 59, p. 72. By consolidation of the B. & 0. South.western and Ohio & Mississippi, Nov. 1, 1893, the B. & 0. gained a direct line to St. Louis .  I I  E.ARNINGS.-6 mos., July 1 to Dec. 31.  i 1894..... gross, $12,072,256; net, $4,044,343  5 1893, . ... gross,  12,820,451; net, 4,558,293  A.NNU.At REPORT.-Flscal year en.de June 30. .Annual meeting at Baltimore on the third Monday of November. Report for 1893·94 waR ~iven in full in V. 59, p. 900, 917, 921. In year 1893·94 $4,724,156 spent for maintenance of way and of equipmenli wa.s charged to operating expenses. Year ending June 301894. ts· A.fl Gross earnings .•• . .••.•••..••....••..••. $22,502,662 t2a,2ft80'1 Operating expenses..................... 15,560,689 19 1041!~8~  A.c!d inooVle from other sources .•••.••. ~82.8~8  Net ea.min.gs ................... :a.le! ,e,941,973  $7,172,825 2,251,377  '.tut&l net income.................... $8,924,8g1 Net eai'ningl!I Wal!lhington Branch...... i05,001 Fixed clta.rgea........................... 6,522,581 Divid~s on ll!lt 1u1d 2d pref. l!ltock.... 300,000 Dividends dn common 81:ock .••••••••••. (212) 624,935 Payments td tetite bonds.,,............. 760,347  $9,424,202 ~18,537 6,6971225 800,000 (2½31 6~4.92ir 1W,71l -=;  Leaving a billa:ii~ of......... . . ..... $611,967 $828,801 ~ 1 8 9 4 . ~ r-----1893.---Year end. June 30-· Gross, Net, Gross. Net. Main Stem, &c ....••.... $W,-6.$5,629 $4,101,708 $12,155,766 $4,093,07 !'arkerslmrg Branch.... 75-3,-4.01. 175,034 ~27,779 145,744 \l't11shington Branch..... t1W,·5'61 205,001 769,388 213,537 PhlladelphiaDivision... 1,833,&42 514,070 !1,139,325 640,393 Pittsburg Division...... 2,602,::134\ 70!),312 3,~ 1092 961,571 Wheettng & Pitts. Div.. 489,447 de·f .- 10,0l9 655,-396 40,627 Midland Division....... 347,30(1 75,732 372,526 34,613 CJentral Ohlo Division... 1,069,428 !66,658 1,326,85"3 240,043 Lake Erie Division...... 706,093 126', 400 946,262. 189.480 ~t.ra.itsville Division.... 99,623 <lef ,12,445 148,544 def.8,829 Chicago J?i~sion...... .. 2,870,546 815 1-19.8' 3,288,086 571,884 Akron D1v1sion.... . .... 388,458 69,~74 375,789 5·0,685 Total ..................$22,502,662 $6,941,973 $26,214,807 $7,172,826 -(V. 57, p. 21,255,763,808, ~78, 892, 893,· 895, 1122; V. 58. p. 681, 7!.!'i , 1108; V. 59, p . 70, 71,291,696,880, 900, ·917, 919, 9:ll , 1057; v. 60, p. 42.)  ..,  r/.2  ~0  ~  ~ r:n.  ~ 0  0  ~  r:n.  ~0  a ~  II  II X.. Ill II L -  ~o~  I -"1\o~  ~,  D a n ~_-\- -..  ~  )  I'iketon 0  MAP OF THE  BALTIMORE  --,  10  &  OHIO  ~  00  .....  RAILROAD SYSTEM.  l>-4~  ~ z ~ b  •1   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  -..-....,  .,;,,;. - .....  -i: ";,;.  -·  -·  -~~ .. ~~ - .-(;,:_ '\ .  INVESTORS' SUPPLEMENT.  HJ  Subscribers will confer a great favor by giving immediate notice RAILROADS.  For explanation of column headings, &c., see notes on first page of tables.  •  Batt. ti Ohio Southwest.-Cin. & Balt. 1st mortgage.  B.&0.8.W.RR.,lstM.,gold(guar.p.&i.,end.).c* Ohio & Miss., 1st con. M., s. f. ($83,000 are 6s).c.. 2d consol. mort. (sink. fund), no drawing .... c* Spring.Dlv.(Sp.& ill. S. E.) 1st M.($3,000,000)c* First general mortgage ........................ c* Equip. Tr.,3 series, $70,500 drn.yearly at 100.c* B. & 0. S. W. Ry., lat con. M., g., gu. (end.).c*&r Income mort., A & B (A, $8,750,000) ........ c&r* B. & 0. 8. W. Term. Co. lat M. gold, guar., p&i.. " BaJ,t. cf: Potomac-lstM. (tun.) g ., s. f.lp.c.,notdr'n.c• lat M., road,guar., gold, s. f. 1 p. c., not drawn .. c• Consolidated mortgage for $10,000,000, gold.,c* Bangor cf: A.r.-lstM.$3,360,000($16,000p.m.) g.ck Bang.&Piscata.-Pref.M. GreenExt.,"assumed." Bonds held by City of Bangor." assumed"..... Bath cf: Harnnwndsport--lat mortgage, gold._ .... _. Second mortgage, gold............................. Buch 01·eek-Stock (guaranteed 4 per cent by end.) 1st M.,g,guar. p.&i.(end.) ...................... o&r 2d M. for $1,000,000, KOld, guar. p. & i. (end.) .o&r Clearf.Biium. Coal 1st M .• int.gu. by Bh. Cr., gold.c BellaireZanesvillecf: Oin.-Priorlienmort.,red.at105 lstM. for $1,000,000 ($262~000 res. for pr.l'n bds.) Belt RR cf: Stock Yard of Inaianapolis-lst mort... do mortgage for $1,000,000 gold..... BeZvide1·e Del.-lst M., ext'd in '77, conv., guar..... c Cons. M. of '76, guar. by Un. Co's & Pa. RR.,s. f .. r do Sm.king fund .... ......... ... .... ........ r Benninqton cf: Rutland-lat mortgage.............. Berkshire-Stock 6 p. c. (rental N. Y. N. H. & Hart.) Birm. Shef. cf: Tenn. Riv.-lst M., $25,000 p.m., g.c* Boston if: A.tbany-Stock ($30,000,000 authorized)..  I  or any  [Vt>L. LX. error discovered in these Tables.  :~r~!¥fu~.  I  Miles Date Size, or Amount INTEREST OR DIVIDENDS. of of Par Outstanding Rate per When "\Vhere payable, and by Stocks-Last Road. Bonds Value. cent. Payable Whom. Dividend.  ------  5 1869 $1,000 $333,000 7 4½ g. 281 1889 1,000 10,667,000 393 1868 1,000 6,468,000 6 &7 393 1871 1,000 2,952,000 7 222 1874 1,000 l,\.H~3,000 7 . .. . 1883 1,000 435,000 5 . . . . '87-'91 1,000 282,000 6 909 1893 1,000&c 9,174,325 41g g. 909 1893 1,000 18,750,000 5 .... 1892 1,000 5 g. 1,200,000 1½ 1871 1,000 1,500,000 6 g. 90 1871 1,000 3,000,000 6 g. 92 1889 1.000 5 g. 3,000,000 95 1 93 1,000 1,504,000 5 g. 77 1883 500 &c. 300,000 5 77 1869 1,000 925,000 6 &7 10 1889 1,000 100,000 5 g. 10 1893 1,000 200,000 5 g. 149 50 5,500,000 4 per an. 149 iS86 1,000 4 g. 5,000,000 149 1892 1,000 5 g. 500,000 . __ . 1891 100 &c. 803,100 4 g. 102 1889 1,000 250,000 6 102 1890 1,000 738,000 4 .... 1876 .... 6 500,000 . . . . 1881 1,000 500,000 6 g. 6 64 186'{ 1,000 1,000,000 67 1885-7 1,000 4 1,249,000 67 1893 1,000 600,000 4 59 1877 1,000 7 475,000 21 . . .. 100 600,000 6 119 1889 1,000 5 g. 2,975,000 389 .... 100 25,000,000 8 per an.  J. J. J. A.  & J. & J. & J. & O. M. & N. J. & D. Various J. & J. See text M. & N. J. & J. A. & 0. J. & J. J. & J. A. & 0. A. & O. J. & D. A. & 0. Q.-J. J. & J. J. & J. J. & J. J. & J. J. & J. J. & D. M. & N. J. & D. Various J. & J. M. & N. Q.-J. A. & O. Q..-M.  N. Y., Farmers' L. & Tr. Ja.n. 1, 1900 do do Jan. 1, 199() do do Jan. 1, 1898 do do Apr. 1, 1911 do do Nov. 1, 1905 do d, June 1, 1932: N.Y.BaringMagoun&Co 110 p. c. yearly. New York. July 1, 1993 See text. July 1, 2043N. Y., Farmers' L. & Tr. May 1, 1942 Balt. Office and London. July 1, 1911 Balt. Offi.ceandLondon. Apr. 1, 1911 do Calvert St. July 1, 1929' N. Y., Guar. & Ind. Co. Jan. 1, 1943 Boston, Merch. Nat. Bk. Apr. 2, 1913 Bangor, Me. Apr. 1, 1899' New York City. June 1, 1919' do do Apr. 1, 1923 N.Y., Gr'nd Cent. Depot Jan. 1, 1895do do July 1, 1936 do do July 1, 1936 N. Y., Knickerb'r Trust. Jan. 1, 1940, July, '94, paid Jan., '95. July 1, 1899 ... . .. .. . . Jan. 1, 1940 Indianapolis. Dec. 1, 1896 Phila., W. H. Newbolds. Apr. 30, 1911 Philadelphia, Pa. RR. . June 1, 1902 Philadelphia, Pa. RR. Sert., 1925-27' do do J an. 1, 1933 N.Y., Union Trust ro. ~ov. 1, 1897 Stockbridge 'T':-Gdlsurer. Jan., 1895 In default. Apr. 1, 1929' ~:-.;;ton.Of. Kne.eland At. Df',C. 31, 1894:  I  BaJt1more & Ohio Southwe8ternKy .-(SeeMapof BaJ,t. ~ Ohi.o). Beech Creek KK.-(See Map adjoining N. Y. Oentral.J-ROADRoad OwnedMiles. Iwad OwnedMiles. Jeraey Shore, Pa.,to Mahaffey,113 m; branches, to Philipsburg, to mines, &c., 37 miles; total, 1 50 miles; trackage to Williamsport, 16 miles, and to Patton 20 miles; total operated, 186 miles. Extension about 100miles southwest to Pitts. McKeesport & Yough. RR. is proposed. LEASE, &r,.-From October 1, 1890, leased to the N. Y. Central & Hudson River RR. for 999 years at interest on bonds and 4 per cent on stock. Carries mostly coal and coke: in 1892-93, 2,985,127 tons: in 1891-92, 2,799,089 tons. The operating expenses are relatively low since the trains carry exceedingly heavy loads of freight, the average per train in 1893-94 being 528 tons. Average rate per ton per mile· 0·42c. against 0·48c. in 1892-93. STOCK AND BONDS.-The bonds are endorsed with the Nt:W York: Central's guaranty or principal and interest. See V. 52, p. 570. In June, 1892, stockholders authorized the issue of $1.000.000 nf'W second mortgage 5 per cent bonds and $1,000,000 new stock, both guaranteed by the New York Central. These securities will be issued from time totime to pay for extensions of the road through Cleartield in a southwesterly direction about 70 miles, reaching undeveloped coal fields. In September, 1894, $500,000 of these 5 per cents and $500,000 of stock had been issued to pay tor extensions, etc. Car trusts (5 per cents) June, 1894, $259,500, interest payable at Knickerbocner Tru -;t Co., N ~ Y. The Clearfield Bituminous Coal Corporation has capital stock, $825,000. Bonds authorized, $825,000; retired by sinking fund toOctober, 1894, $21,900. DIVIDENDS-On preferred, 1886 to 1888, inclusive, 5 p. c. per annum; in 1889, 2 ½!; in January, 1890, 5 p. o ; in 1891 stock all made common, and dividends of 4 per cent guq,ranteed. See guaranty V. 52, p. 570. ANNUAL REPORT.-Fiscal year ends June 30, Report for 1893-94 was in V. 59, p. 779, showing gross earnings $1,125,533; net $329,807; premiums, $25,000; drat charges, $332,972; dividend, $220,000; balnce, deficit, $198,165. Cn 1892-93 gross, $1,347,201; net, $729,970•. -(V. 57, 1'· 639,720,723; V. 58, p. 344; V. 59, p. 779.) Bellaire Zanesville & Cincinnati Hy, -Owns Bellaire, O., toWuhelm Station, 0., 102 miles, three foot gauge ; Muskingum County Railroad, Wilhelm to Mill Run, 9 miles; trackage B. & 0. RR., MiU Run to Zanesville, 1 mile; total operated, 112 miles. The road is bein"' made standard gauge. Reorganized in 1889. Stock is: <Jommon, $832,000;. preferred, $795,910; par $50. Prior lien interest is payable at Farmers' Loan & Trust Co., N. Y. In year 1893 gross, $103,498 ; net, $14,971, agst. $13,754 in 1892. Belt RaUroad & Stock Yard of Indianapolls .-Owns 14 miles of belt road, etc., at Indianapolis. Leased for 999 years to Indianapolis Union-which see. S took is: Common, $1,000,000; preferred 6 per cent (l½ per cent quarterly), $500,000; par, $50. In 1892. the company stated that the "common stock h ad not paid less tban 3 p. c. semi-annually (J. &J.) and at times more for past fifteen years.'• The mortgage of 1876 is held by the Ci uy of Indianapolis. Belvidere Delaware KK.-Owns from Trenton, N. J., to Manunk.a I Jhunk., N. J., 67. m.; FlemingtonRR.,&c., 14 m.; operated cut-off, 8 mos. to Gross Net. Othe1· interest, Balance, 1 w.; total operated, 82 miles. Leased to United Companies, and transJune 30. ea,-nings. ea1-nings. income. taxes, cf:c. S'l.trµlus. terred to Penn. RR. March 7, 1876. Net earuings paid as rental. The 1894 ..... $3;959,734 $1,397,671 $7,721 *$1,387,7JO $17,6!:!2 first mortgage (convertible into stock) and the $1,249,000 4 per cents of 1893 ..... 4,429,131 1,431,806 2,555 1,259,022 175,339 1885-7 are guaranteed by the United Companies, and their guaranty ~ h e charge~ for 1893-94 include interest on df'bt, $1,170,979; taxes assumed by the Pellil.. RR. under its lease. In 1893, net, $301,959, agst. and assessments, $176,730; rental B. & O. S. W. Te1·mina1 Co., $40,000. $216,141 in 1892: interest on·bonda, $143,680, agst. $160,248; interest; on rolling stock, $17,865, agst. $26,784. Dividends of 6 per cent are, -(V. 55, p. 297, 542,639,879,893,899; V. 56, p 332,414,440,464, paid. Stock, $1,150,000 (par $50). 504, 580, 669, 1057; v. 57, p. 341, 721,763; v. 58, p. 382, 635, 637; Berkshire KK.-See N. Y. NEW HAVEN & HARTFORD. v. 59, p. 650, 919, 966, 967.) Birmingham Sheffield & Tenne88ee River Ky.-RMDHaiti.more & Potomac KK.-Owns from Baltimore, Md., to Sheffi.eld to Parrish, 41.a., and branches, 119 m. E. A. Hopkins, of P'lnla-South End Long Bridge, Va., and branch. 44 m.; and from Bowie to delphia, was made re-ceiver in June, 1893. STOCK-$3,275,000; par,. Pope's Creek, 49 m.; total, 93 mile11-including tunnel in City of Balti- $100. MORTGAGE trustee is Knickerbocker rr. Co. EARNINGS-In yearmore; leases branch 4 m.; total 97 miles. Controlled by Penn. RR. Co. 1892-93 gross, $233,891; net, $43,026 ; interest on bonds, -8148, 750. · 8TOCK.-$4,914,2SO (par $50), of which Pennsylvania RR. owns In 1891-92 gross, $227,311; net, $87,650. Matured coupons unpaid $4,081,100 and Northern Central $622,850. BoNDs.-Consols are June 30, 1893, $440,069; car trusts, $222,763. V. 56, p. 1014. reserved to retire all the prior bonds as they mature. The first mortBoston & A.lbany KK.-Owns from Boston, Ma.as., to Albany, gage bC'nds are guaranteed by Pennsylvania RR. and Northern Central. N. Y. 202 miles; numerous branches, 104 miles; leased lines, 83 miles; EARNINGS.-In year ending Oct. 31, 1893, gross earnings, $1,945,571; total operated, 389 miles. A consolidation of December, 1867. net (including $300 of" other income"i, $396,647; interest on bonds, STOCK-In 1889 obtained permission from the Legislature to issue $420,000; int on equipmen~ $51,853; other charges, mcl. $65,452 for $10,000,000 additional stock, $7,000,000 being for bonds due in 1892, improvements, $97,494; den cit for year, $172,700. the remainder for improvements. On Jan. 5, 1892, ~5,000,000 of this.. Dano-or & Aroostook KK.-Own s Brownville to Monticello, new stock was issued to retire 7 per cents due Feb. 1. DIVIDENDS-Cash dividends at the rate of 8 per centlearly have beeni Me., lo'5 miles. The road is being extended toward Presque Isle, a total distance of 200 miles. It operates under 999-year lease paid for many years. Stock dividend, lOp. c. in 1883 'l.n 3¾ p. c. in 1886.. BONDS.-New bonds for il5,000,000 were authorized in Se)t., 1893; of (terms V. 56,...p. 204) the Bangor & Piscata. RR., Oldtown to Greenville (Moosehead Lake) 77 m., with its leased line to the Katahdin Iron Wks., these, $2,000,000 to retire bonds maturing in 1895, balaice for con-17 miles, and has assumed Bangor & Piscataquis bonds. Total oper- struotion. V. 57, p. 547. In July, 1894, $3,627,000 had been issued. ated in Sept., 1894, t 99 miles. Stock authorized and outatanding- Bills payable Sept. 30, 1894, $480,500. EARNINGS.G1·oss Net Pixed Balance, Common, $1,050,000; preferred, 5 p. c., non-cum., $1,100,000- par $100. Jnly 1 to Sep. 30. em·ns. ea1·n'gs. cha1·ges. su1-plus. Mortgage trustee is N. Y. liuaranty & Indemnity Co. V. 56, p. 204. 18~4 ............. $2,330,354 $862,962 $172,618 $690,344 EARNINGS.-In year ending June 30, 1893, gross, $184,581; net, 1893 ............. 2,557,740 589,702 131,465 458,237 $67,098; rents and taxes, $52,887. ANNUAL REPORT.-F1soal year ends June 30. Report for 1893-94 in Bath & Hammondsport KK.-Owns road from Bath, N. Y., to V. 59, p. 191, stated that of the $528,028 spent during the year for Hammondsport, N. Y., 10 miles. Chartered in 1872. STOCK, $100,000; 3d an L 4th tracks, elimination of grade crossings and improvementst par, $100. EARNINGs.-For year 1893 gross, $35,560; net, $19,609 ; $328,028 were charged to operating expenses and $200,000 carrien balance, surplus over interest and charges for year, $4,287. forward to debit of 3d and 4th tracks.  Cincinnati to East St. Louis .••. 339 Elanohester to Hillsboro. . . . . . • 22 No. Vernon to Jeffersonville ... 53 New Albany & Eastern......... 8 Beardstown to Shawneetown .. 228 Cincinnati & B edford ........ .. 11 Cincinnati to Belpre............ 193 Trackage in Cincinnati......... 1 Marietta to Belpre.............. 11 Portsmouth to Hamden ........ 55 Total operated June 30,1894.921 Double track and sidings 270 miles. HISTORY, ETc.-This 1·ailway co. was a consolidation on Nov. 1, 1893 of the B. & 0. S. W. RR. and the Ohio & Miss. per plan in V. 56, p. 504' CAPITAL STOCK.-Stock is $30,000,000, o! which $20,000,000 is 7 p: c. non-cumulative preferred. The $10,000,000 common is held by the B. & 0. and carries control. All the stock has been issued. BONDS.-Abstraot o! ffrst mortgage of 1889 (guaranteed by B. & 0.) was in V. 51, p. 245. Of the $37,500,000 ffrst consols .. also guaranteed principal and int. by B. & 0., $11,000,000 are reserved to retire at maturity the B. & 0. S. W. firsts; $1,500,000 to retire a like amount of B, cf: O. S. W. Terminal firsts; $20,500,000 were to be issued in exchange for Ohio & Mi sissipvi bonds of the several issues and the preferred stock; and $4,500,000 will be available for improving the Ohio & Mississippi and for other purposes. The total may be increased by issue or four per cent bonds for terminals, double track!i, equipment. etc. Of the fi1•st consols $9,174,325 were reported outstanding June 30, 1894, o.t wl.1ioh $6,291,325 were issued for exchange of old securities and $2,883,000 for improvements, O. & M. fl ,.ating aebt, etc. The income 1nortgage 5 per cent gold bonds ( Farmers' Loan & T. Co., trustee) are non-cumulative. Series A ($8,750,000) are prior to B ($10,000,0001 for principal and interest. In January, 1895, $8,581,000 series A had lleen listed on N. Y. Stock Exchange; numbers A 8,000 to 8,169, inclusive (not listed), are reserved for old securities; aeries B listed, $8,869,000 On Dec. 1, 1894, interest of 12.a p. c. was vaid by Farmers' L. & T. Co. on "A" (first preferred) incomc:s and 1 p. c. on "B" (second preferred) incomes. V. 5}J, p. 967. Ohio d'; Mtss. gene1·aZ mortgage bonds were mostly deposited for exchange; bonds of lnis and othe1· issues outstanding J , ne 30, 1894, are given in tbe table abu,· e, equiplllent trust 6s as cof Dec. 15. These iRsues were oriRinally as follows: 1 st consols, $6,613,000; 2d consols, $3,213,000; /Spriiig. Viv., $2,009,000: 0. & M. first general mor1ga!.!e, $4,006,000; Cinn. & Bedford 5s, $135,000; New Albany & East. 5e, $150,000. For terms of e.xchange see Sept., 1893, SUPPLEMENT. EARNINGS.-From July 1 to Nov. 30, 1894 (5 months), earnin"'B of consolidated company were, gross, $2,808,966, against earns. of both companies in 1893 of $2,818,797; net, $1,105,53u, against $1,080,679. ANNUAL REPORT.-The :fiscal year ends June 30. Tbe :first annual report given m V. 59, p. 966, includen only th · p.,riod from N,,v. 1, 1893, when the new company took charge, to J une 30, 1894, being 8 months, with balance sl1 eet of June 30, 1~94. Earnmgs for the 8 months to June 30 v. ere as follows, per cent of operating expenses to earnings in 1893-94 being 64·70 against 67·67 in 1892-93.   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  .RAIL.ROAD  U:l}5]  JANUARY,  STOCKS  AN U  BONUS.  17  Subscribers -will confer a great favor by giving lnunediate notice oC any error discovered In these Tables.  I  INTEREST OR DIVIDENDS. Bonds-PrinoiDate Size, or Amount - - - - - - - - - - - - - - - - - 1pal,When Due. of of Par Outstanding RaCteentp.er When Where Payable, and by Sto~ks-La.st ROad. Bonds Value. Payable Whom. Dividend.  - - - - - - - -RAILROADS. - - - - - - - - - - - - -1Miles  For explanation of column headings, &c., see notes on first page of tables.  Bost. d!A.lb.-(Ooncl.)-Bondsof187!'lnotmort.c&r  .... .... .... 19 49  1875 1882 1893 .... . ...  I :.... :::  l~~~  Bonds(notmort.)issuedto Stateforitsstock .... r Bonds (not moirtga.ge) for $5,000..,000 ............ o Pittsfield & North Adams (leasea) stock.......... Ware River RR. stock, 7 p. c. rental 999 years...  Boston  d:  :~~a::  (  Lowell-Stock .. 1  1 1  not ~ortgage. · Bonds, do Bonds, do Boston &Maine gives! Bonds, do a rental guarantee Bonds, do c*.. for 99 years. Bonds, do c*.. L.&L. andS.&L. bonds. Nash. &Low plain b'ds Boston d: Maine-Stock, common.................... Preferred stock, 6 per cent, non•cumulative...... Imp'nt bonds ($1,000,000 due Feb., 1905) s. f.... Improvement bondf>.......................... .. . . . Bonds (not mortgage) for imp. & ref ....•...... c&r Bonds, not mortgage, &"old......................... EasternR~.certs.ofinaebt.lstM., g.,s.f.,not<trn.c Portsmouth Great Falls & Conn. 1st mortgage .. c Boston d! Prov.--Stock, 10 p. c. guar. 99 yrs., Old Col. Bonds, not mortgage............................ . c* Boston Reve1·eBeach d: Lynn-Stock................. 1S:s~~~~1rrop· & ·  siiore· ist· ·mori°assunie<i°: ~~  ... .  .... .... . . •. . . •. ... . ... . . .. .... .... .... . ... . ... 119 73 68 .... .••.  ~  ....  $L,OOO .... .... Joo 100 100  ::::  1879 .... 1883 .... 1885·9 .... 1892 1,000 1893 1,000 .... .... 1880 .. .. . . .. 100 . . .. 100 1885·7 1,000 1887 1,000 1892 lOOO&c. 1894 1,000 1876 $ & £ 1877 500&c. , . ..i . 100 8 8 9 3 1,000 .... 100  rnii ½:888  $1,990,000 6 3,858,000 :; 3,627,000 4 ,:.50,000 5 per an. 750,000 7 per an. 6,329,400 See text.  ~i8:888 620,000  250.000 3,675,000 1,000,000 1,000,000 426,900 100,000 lB,739,200 3,149,800 1,500,000 1,919,000 2,500,000 6,000,000 8,822,780 998,000 4,000,000 2,170,000 850,000  ~~i:888  ;J • .iz.  A. A. J. J. J.  & & & & &  J. Boston Of.,KneelandSt 0. do do 0. do do J. do do J. do do J. Boston, at Office,  r.· %l  a~  g ii. %~:  cfo  5 g. J. & J. 6 g. M. & N.  do do  i5  4¼ 4 4 4 6 5 g. See text. 6 per an. 4 4 4 412 g. 6 g. 412 10 pr.an. 4 See text.  a~  J. & J. do do M. & N. do do Various do do A. & 0. do do F. & A. do do A. & 0. do do J. & J. Nashua, Co.'s Office. Q. -F. Boston, at Office. M. & 8. do do F. & A. do do F. & A. do do F. & A. do do J. & J. do do M. & S. Bost.; Lond., Baring Br. J. & D. Boston, at office. Q.-J. Boston, Of., Sears Bldg. J. & J. do do J. & J. Boston. sto Bo Of. Atla~:c Av.  Brooklyn Bath d! West End-SEE STREET R'Y DEP.A RT111E NT, No VE11IBER, 1894, SUPPLEMENT. Brooklyn d! B1-ighton Beac~lst mortgage ......•. c 7¼ 1887 1,000 500,000 5 M. & 8. See text. Brooklyn Elevated-lstm., gold, s. f., not drawn ... o· 6 1884 1,000 3,500,000 6 g. A. & O. N. Y., Cent. Trust Co. 2d mortgage, gold, sinking fund, not drawn .... c* Union El., 1st M.,$550,000 p. m., gold,assumed.c*  Yea1· ending June 301892. Gross earnings ................. $9,863,316 Operating expenses and taxes. 7,403,183  6 11  1885 1887  1,000 1,000  1,250,000 6,150,000  do do  July Apr. Oct. Jan. Jan. Jan.  1, 1, l, 1, 2, 1,  1895 1902 1913 1895 1895 1895  fJ~- t: t~ii  July 1, 1899 May 1, 1903 1905·6-7·9 Apr. 1, 1932 Feb. 1, 1913 Oct.1897 &'98 July 1, 1900 Feb. 15, 1895 Sept. 1 1894 Feb.,1905&'07 Feb. 1, 1937 Aug. 1, 1942 Jan. 1. 1944 Sept. 1, 1906 June 1, 1937 Jan. 1, 1895 July 1, 1918 Jan. 1, 1895  ~~n.~• i~~~  Sept. Oct. July May  1, I, I, 1,  1927 1~24. 1915 1937  1893. 1894. 1894. $5,754,570 $9,190,276 Total net, includ. other income ..•••••..••• $6,092,719 1,213,391 6,720,288 Interest .............•...•.•..•..........••. 1,101,650 2,311,370 Rentals ............•...•.•..••••..•••....... 2,167,413 ·7 26,136 822,018 Net earnings ....••.....••. $2,460,133 $2,419,786 $2,469,988 Taxes ...........•..............•..•...•..... 1,580,155 1,321,031 Dividends ................•..........••..•.. Interest paid ............•.....• $517,067 $312,900 $381,410 80,413 67,282 Rentals......................... 78,000 78,000 78,000 Sinking fund ...........•......•............ Dividends (8 per cent)......... 1,800,000 2,000,000 2,000,000 Ba.lance, surplus........................... $436,952 $19,478 Balance. surplus ............... ,r $65,066 $28,886 $10,578 -(V. 56, p. 82,205,245, 289,463.464, 668,835; V. 57, p. 341,635, ,r Dt-duct Government claim allowed, $43.006; surplus, $22,060. 638,853,938; V. 58, p. 305,866; V. 59, p. 331,598,878; V. 60,p. 42.) -(V. 56, p. 247,754; V. 57, p. 216, i96, 547,809; V. 58, p. 22-1, 817, Boston&; Provldence.-Owns Boston, Mass., to Providence, R. I., 902; v. 59, p. 151, 191, 835.) 44 miles; branches, 20 miles; leases to North Attle ·,orough, 4 miles. Boston &; Lo-well.-RoAD-Owns Boston t-0 Lowell, 27 miles; Leased for 99 years, -1.pril 1, 1888, to Old Colony RR.; rental, 10 per branches-Salem and Lowell, 17 miles; Lowell and Lawrence, 12 miles: cent yearly on stock. Old Colony to July 1, 1892, had invested U,671,· others, 32 miles; Middlesex Central, 11 miles; leases-Manchester & 938 in road on lease improvement account. Keene RR., 29 miles (owned jointly with Concord & Mon. RR.); Central Boston Revere Beach &; Lynn.-Owns narrow•gauge road Massachusetts, 104 miles; Connecticut & Passumpsic, 147 miles; total rrom Lynn to East Boston, Mass., 9 miles, connecting with Boston by leased, 280 miles; total owned and leased, 369 miles. oompany's ferry boats; Boston, Winthrop & Shore Div., East Boston to LEASES.-Leased in 1887 for 99 years to the Boston & Maine at 7 per Winthrop, 5 miles, with branches 3 miles. Notes 1)ayable (net) June, cent on stock till January, 1897, and 8 per cent thereafter 30, 1894, $89,635. Dividends: From 1888 to 181:Jl inclusive, 7 p. c. STOCK AND BONDS.-Stock authorized, $6,529,400. In January, 1894, per ann.; in 1892, 5¼; in '93, 5 p. c.; in '94, 4¼ p. c.; in 1895, Jan., $400,000 of 4s due 1913 were issued, and in February $200,000 stock 2 p. c. and $200,000 more 4s of 1913 were issued for improvements and EA.RNINGS.-In year ending June 30, 1894, gross, $301,383; net, $95,elevator at Mystic Wharf. In November, 1894, $500,000 of 20•year -0urrency 4:i were sold, proceeds to retire like amount of 7s due March 521; interest, $38,342; taxes, $14,6711; dividends, $42,500. In 1892·93, gross, $317,47~; net, $96,258. (V. 56, p. 289,754; V. 57, p. 259.) 1, 1895. (V. 54, p. 78; V. 59, p. 919.) Brooklyn & Brlahton Beach.-Owns double-track road from Boston & lUaine.-RoAD-The system includes the following: Lines owned. Miles. Other branches leased .......... 633 A. tlantic Ave. corner Franklin Ave., Brooklyn, to Brighton Beach, L. I., 7¼ miles. Sold in foreclosure in Oct., 1887. Connection is to be made Boston, Mass., to Portland, Me.116 Boston to N. H. State Line .... 41 Total operated July 1, 1894.. 1, 293 with Kings Co. Elevated by extension along Franklin Ave. Stock iscommon, $500,000; pref., $500,000. Stock assessed 312 p. c. in 1893. Conway June., Me., to North Double track ...•............. 273 Conway, N. H ................• 73 Controls Me. Cent. (which see).822 In year 1893·94 gross earnings were $91,183, against $98,713 in 1893; net, $8,587, against $19,150; interest and otller charges, $42,915. Sundry branches ............•.. 140 Portland & Rochester ....... 55 Lines leased. Miles. St.Johnsbury & Lake Champ.131 "terminal property," $32,577; ba.lance, deficit, for year, $66,905. Total deficit June 30, 1894, $269,652. On July 1, L894, loans and bills Boston to Sherbrooke, Can .... 290 York Harbor & Beach ....... 11 The leased lines include: Boston & Lowell, Central of Mass., Nashua payable were $325,350. Mar., 1894, coupons were paid May 1; Sept., 1894, coupons paid at Cen. Tr. Co. Pres., Gen. J. Jourdan, Brooklyn. & Lowell, Northern of N. H., Worcester Nashua & Rochester, Con• - (V. 55, p. 506; V. 57, p. 426; V. 59, p. 421.) necticut River, etc.-for terms of leases see each company. Brooklyn Bath&; West End.-SEE NOVEMBER, 1894, SUPPLE· ORGANIZATION, ETC.- In 1890 a consolidation was made with the Eastern Railroad of Massachusetts and the Portsmouth Great Falls & ME T, Conway, on terms in V. 50, p. 589. Authority to consolidate with its Brooklyn Elevated.-Owns from Fulton Ferry and Brooklyn other leased lines was granted in 1891. In January, 1893, authority to Bridge to East New York, 5·73 miles; Broadway and Lexin~n Avenue acquire the Concord & Montreal was sought from the Massachusetts to Broadway Ferry, 2·7S miles, and Myrtle A venue to Adams Street and LegislaturP. See V. 56, p. 205, 463, 668. From Jan. 1, 1893, the Con- Brooklyn Bridge, 4·82 m.; branch to Greenwood, 3·58 m.; Seaside & B. B, necticut River Road was leased for 99 years. See V. 56, p. 245. E. RR. to Cypress Hills, 1·4 m., and to 65th St., 1·8 m.; total, 20·11 m. In October, 1892, Mr. McLeod became President, and in May, 1893, HISTORY.-In October, 1890, consolidated with the Union Elevated. resigned. An agreement with N. Y. N. H. & H. regarding division of STOCK.-Stock is $13,283,600 (par $100). territory was made in '93. (V. 56, p. 464.) STOCK.-Common stock authorized, $18,754-,200; preferred stock BONDS.-When net earnlngs suffice, a sinking fund will purchase $3,119,800; outstanding in July, 1894, as in table above. In 1891·92 Brooklyn Elevated 2d 5s if obtainable at 90 and fl.rat 6s at 105-no $4,592,100 stock was 1ss,ued to stockholders at par. (V. 52, p. bonds drawn. Union Elevated first mortgage is for $7,000,000; the 164, 349,) and in July, 1892, $750,600 more was authorized to retire second for $2,500,000; trustee of both, Central Trust Co. Abstracts in the stock of the Chelsea Beach, &c., roads, mostly owned by B. & M. V. 49, p. 583. See also V. 48, p. 129; V. 49, p. 471. The Seaside Company's mortgage is for $4,000,000, of which $3,000,Of the common stock $945,200 held by mortg-age trustees of Eastern 000 for the construction and equipment of the roads north of Sixty• RR. and $376,200 held by B. & M. June 30, 1894, draw no dividends. H.fth Street and $1,000,000 for those south of it. V. 55, p. 722. DIVJDENDS.-On preferred, in full to date. Loans and bills payable.June 30, 1894, $300,000; receivable, $209,000. On common 5 '86 '87 '88 '89 '90 '91 '92 '93 '94 '95 .since'85.P.C. ( 9¼ 10 9 9 9¼ 9 8 8 6 See below. EARNINGS.-5 months, } 1894, gross, $667,815; net, $256,178 In 1895, Feb., 112 p. c. July 1 to Nov. 30. ( 1893, gross, 695,705; net, 256,776 BoNDs.-In Dec., '93, $6,000,000 4¼ p. cts. were sold to fund floating ANNUAL REPORT.-Fiscal year ends June 30. Annual statement for debt and to retire $2,0ll0,000 of 7 per cents due Jan. 1, 1894. See also 1893-94, with balance sheet, was in V. 59, p. 370, showing: leased lines, Boston & Lowell, Connecticut River and St. Johnsbury & Year. Gross. Net. 0th. income. Int., taxes,d!c. Surpti,s. Lake Champlain, for bonds sold by them in December, 1893. West 1893·94... $1,755,262 $678,600 $5,917 $811,135 df.$126,618 Amesbury Branch RR. (formerly leased) was purchased in 1803·94 for 1892·93... 1,935,683 843,970 11,447 744,309 111,108 '$100,000 in B. & M. 4 p. c. bonds. 1891·92... 1,825,327 794,799 9,327 661,375 142,751 In November, 1894, the floating debt had all been_paid off. Charles· town land mort&"ages are $597,300, payable in Jan., Feb. and March, -(V, 57, p. 342,594,595; V. 58,p. 42,307,864; V. 59, p.115, 370,) 1895. Jointly with Maine Central guarantees $300,000 Portland Union Brooklyn &; Kocka-way Beach.-Owns road from East New Ry. Station bonds. York (Brooklyn) to Canarsie Landing, Jamaica Bay, 3¼ miles (of which LATEST EARNINGS.-For 3 months ending Sept. 30 earnings were: 3 miles double track), and operates ferry to Rockaway Beach. Rails 3 mos.- <h·oss. Oper.% Net. Oharges. Bal.,siwp. 50-56 pounds steel. Does a large summer excursion business, running 1894 .. .. $4,704,482 59·29 $1,914,919 $1,058.684 $856,235 42 trains daily each way. STOCK is $150,000; par, $50. DIVIDENDS.1893 .... 4,798,011 67·08 1,579,873 1,053,524 526,349 In 1890 and 1891, each 5 per cent; 1892, 6 per cent; 1893, 10 per cent; in 1894, m per cent. ANNUAL REPORT.-Fiscal year changed to end June 30. Annual In 1893· 94 gross earnings were $68,333 ; net, $20,104; fixed charges meetin~ second Wednesday in October. Annual report 1893· 94, was and taxes, $19,328; surplus for year, $776. In 1892·93 gross, $75,966: in V. 5~. p. 598. net, $30,878. (V. 59, p. 600.) 1893. 1894. Buff"alo BradCord &; Pittsburg.-Owns from Carrollton, N. Y., ~~~·e· ~-~·•....••......•.••••• 1,293 1,293 Passenger department ................... . $8,463,14 3 $7,894,968 to Gilesville, Pa., 26 miles. Completed in 1866, and leased to New York Lake Erie & Western for 499 years. Rental, 7 per cent on outFreight department ...................... . 7,987,851 7,260,587 Mails, express, etc ...........•............. 774,331 806,721 standing bonds, $40,600 a year. Capital stock, $2,286,400; par $100. Advances by lesi,.ee to July I, 1892, $243,544. ·Total ..................... ., ........... . $17,225,325 $15 ,962,276 Buffalo Creek.-Owns 6 miles of terminal road in Buffalo, N. Y. Oper. expenses, excl. taxes ............... 11,736,497 10,860,580 In January, 1890, leased for term of charter less one day, to the - - - - Le~~h Va_lley and the N. Y. Lake Erie & Western, which together own Net earnmga ..••..•••.•.....•••..•..... $5,488,828 $5,101,696 entue capital stock of $250,000.  ----  I  Mfi!:~ffe~~!:K   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  1893. $10,169,875 7,750,089  ----   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  INVESTORS' SUPPLEMENT.  [VoL. LX..  MAP OF THE  BUFFALO, ROCHESTER _.\.ND  PJTTSBURG R'Y  I  -------·---------------·----·-·-·-·  JANUARY,  RAILROAD STOCKS AND BONDS.  1895.J  19  Subscribers will confer a great Cavor by giving irnmedlate notice of any error discovered In these 'l'ables. BondH-Princt. RAILROADB. INTERE:Sll' OR DCVIDE~DS. Miles Date Size, or When Due~ .Amount Bate Per When When Payable, and by pal, of Par For explanation of column heading, &c., see notes of St,,cks-Last Outstanding Roa d. Bonds Value. on first page of tables . Cent. Payable Whom. Dividend.  ·- - - - - - -  Brooklyn Elevated-( Concluded)Un.E .2fl M.,tnc., non-cum., $185,000p.m . ... g.c* Seaside & B'klyn n. 1st M. gold, g-nar. p. & i. .c&r Brooklyn&RockawayBeach.-latM.,$350,000,g. c* Bu(!. Brad. d I'itts.-uen. M. (10,000 acres land) ._r Buffalo Creek-1st mortg1e·----···-···-··--·----·r  Consol. mortgage for $1, 00,000 gold.-····· _... c*  Buff. N. Y. & Erie-Stock (7 p. c. rent. N. Y. L. E.&W.)  1st mortgage ... ·--······-·····················-··c* Roch. & P.itts.-Stock, ½pref., 6 c. non-cum. . &P. lstM ,gold,Rochesterto Sa amanca .•.. c* R. & P. conso1. ruort., $20,000 per mile,gold, g.o* B. R. & P. 1st ~eneral M. ($10,UOO,OOO) ~old.... o* Lincoln Park & Charlotte 1st mort. ,gol ,guar. c* Perry Railroad 1st mortgage, guaranteed . .... Real estate mortgage .••.... _.... . ... . .. . ... . ... . B. R. & P. car trustsj,f.ulri, $81,000, 6s ...... . ..... Butfalod:Soitthw.-lat .,gold,int.guar. byErie.c* Buffalo & Susquehanna-lat mort., gold, s. f .. c*&r  £·  B":{·  Burlington 0(!,(l,ar Rapids cl Northern-Stock ..•.....  1st mortgage ... . ..... ·-···· · ···················c*&r Iowa. City &West.,lst M.,g.,int.gu.,red.at 105.c*&r Ced. Rap. I. F. &N. W., lstM. g., guar.,red. at 105 Consol.lstM.,gold,guar. (Seetext>$4,000,000.c B.C.R.&N. con. lstM. &col. trust,gold....... o*&r Minneapolis & St.Louis,lst mort., fold (assumed) Butte Anaconda d: Pac-ijic.-lst mor ., $3,000,000. Oalgary d Edmonfon-lat M., red. at 110, July l,'96  11 1887 $1,000 4 1892 1,000 312 1891 1,000 26 1865 6 1882 1,000 1,000 6 1891 142 ...... 100 142 1876 1,000 334 100 108 issi 1,000 1,000 1882 272 1887 1,000 11 1889 1,000  --·---  . .... . ·-··  . 67 75  369 73 55  .All  12  300  ----  .. ...  ------  ---  . . . . .. .  ---- --  1894 ··· · ·· 1877 50 &c. 1893 500 &c. 100 i876 lOO&c. 1879 1,000 1,000 1880 1881 1,000 l,OOO&c 1884 1877 500 &c. ...... 1893 1890 .£100  $2,068,000 1,500,000 300,000 580,000 250,000 238,000 950,000 2,380,000 12,000,000 1,300,000 3,920,000 4,118,000 350,000 20,vOO 314,500 869,000 1,500,000 854,000 5,500,000 6,500,000 584,000 825,000 1,905,000 5,841,000 150,000 Jan.'95,none £1,140,400  5 g. 5 g. 6 g. 7 6 5 g. 7 per an. 7 per an. See text. 6 g. 6 g. 5 g. 5 g. 7 5. &.6 6 g. 5 g. See text. 5  7 6 5 5 7 5 6  g. g. g. g. g.  J. & J. J. & J. M.&N. J. & J. J. & J. J. & J. J. & D. J. & D.  N. Y., Ct>nt. Trust Co. N. Y., Cent. Trust Co. Brooklyn, N. Y. N. Y. L. Erie & W. RR. N. Y., Farmers' L. & Tr. do do N. Y. L. Erie & W. RR. do do N. Y., 36 Wall Street. F:·&:A. N. Y., Union Trust Co. J. & D. do do M.& 8. do do J. & J. N. Y., Union Trust Co.  ---- -  ---- -  J. ..&..J.  A.. & 0. F. & .A. J. & D. M.& 8. A. & 0. A. & 0. A. & 0 . J. & D.  -- -----·-..... ... . ...  ..........  N. Y., First Nat. Bank. N. Y., H. FiRk & Sons. N. Y., Corn Exch. Bank. N. Y., Central Trust Co. do do do do do do do do N.Y. Continental Trust.  (1)  g. .l. & J .  London.  '  Jan. 1, 1927 July I, 1942· May 1, 1931 Jan. 1, 1896 Jan. 1, 1907 Jan. I, 1941 Dec. 1, 1894= June 1, 1916 See text. Feb. 1, 1921 Dec. 1, 1922 Sept. I, 1937 Ja.n., 1939 1902  1;  June· .i89~ July 1, 1908 Oct., 1913 Feb. 1, 1895June 1, 1906 Sept. 1, 190~ Oct. 1, 1920, Oct. 1, 1921 .Apr. 1, 1934. June l, 1927 1923 July 1, 1910.  Dutralo New _York & E:r:le.-Owns from _Buff~lo, N. Y., to Cor- 1 Bnrllngton Cedar Rapids & Northern.-Operates as follows~ nln~, N. Y., 142 miles. Leased m 1863 to the Erie R?,il way Co. for 490 Lines owned in feeLeaseilr-Atl stock ownedyea.ra, and new operated by. the New York Lake Erie & Western Com- Burlington, Ia., to State Line, Iowa City & Western RR., pany. R.ental, $238,100-:--~1z., 7 per _cent on s~ock. and bonds, and Minn. (including 11 miles Iowa City to What Cheer,&c. 73 organiza.t10n expenses. D1v1dendsand mterest po.id directly by lessees. leased) . . · ··-·· ...... . ......... 241 Cedar Rapids, r. F. di N. w., State Line to .Albert Lea, Minn. Holland, Ia., to Watertewn, Buff"alo Rochester & Pittsburg Railway.-(SeeMap.)-Oper(leased) ...... ·-·-·-··········· 12 So. Dak., &c. . ..•.•.......••• 493 ates from Buffa.lo and Rochester, N. Y., to the bituminous coal reg ions Bra nches owned to Postville, Ced. Rap. & Clinton RR., &o. 111 around Walston, Pa., 336 miles in all, including: Riverside, Holland and DavLines owned in fee.Miles. Leased-Enti r e st'k own'd- M i les. enport . ............ . ....•...... 204 Total operated Jan. I, 1894.1,134 Buff<1ilo Creek, N. Y., to Howard Johnsonburg & Bradford RR.· of which 1,095 miles are steel rails. .An extension was be,in~ built from Junc., Pa...................... 81 Howard June. to Mt. Jewett. 20 Forest City to ERth.M ville, Ia., of which 46 miles completed m 1892, bu Clarion Juno., to Walston, Pa. 66 Lincoln Park & Charlotte . ..... 11 work has been stopped. Rochester to Ashford, N. Y. ... 93 Perry RR........................ 1 HISTORY.-Successor to the Burlington Cedar Rapids & Minnesota. Four branches to mines ......•. 14 Cleartleld & Mahoning-,r Tracka-1eClearfield to Beech Creek RR. 26 RR. Co., foreclosed June 22, 1876. Leases in perpetuity the Iowa Oity & West ern and Cedar Rapids Iowa Falls & Northwestern, Cedar Rapids. Erie-Mt. Jewf'ltt to Clarion J.. 20 Buffalo Creek RR. into Buffalo. 4 Total (iTSee this Co.) . .. . ... . 336 & Clinton and Chioago Decorah & Minnesota railwayt!. 8Tocu::.-.A uthorized, $30,000,000; outstanding, $5,500,000; par, $100. ORGA?fIZ.ATION, ETC.-Suocessor in Maroh, 1887, to the Rochester & Pittsburg, which was foreclosed in October, 1885. See V. 50. p. 560, The Rook Island Co. is understood to be a largt, stockholder. 589. Tlle entire capital stock o! the Rochester & Pittsburg Coal & Iron DrvIDENDS-Firstdividend (l¼per cent) was paid in February, 1893;. Company is owned. in .August paid 112 p. o.; 1n 1894, 3 p. c.; in 1895, Feb., 112 p. c. In May, 1893, the Clearfield & Mahoning RR. was completed and BONDS.-Iowa Oity d: Western bonds are guaranteed as to interest leased, and its securities guaranteed. The road a ffords connection a.nd are subject to call at 105; see guaranty V. 56, p. 695. Ceda,.. with the Beech Creek at Clear11eld, and outlet for coal to seaboard. See Rapids I. F. & N. W. bonds are ~aranteed, principal and interest,. C. & M. Ou June 1st, 1893, the proprietary line, the Johnsonburg & and so endorsed: the 6s a.re subJect to call at 105 : of the 5 per Bradford RR., was opened, replacmg Erie trackage. cents of 1881 $825,000 are reserved to retire the 6s and certain others DIYIDENDS.-On pref., in 1892, 5; in 1893, Feb., 114 p. c.; none since. are deposited as collateral under the B. C. R. & N. consol. mort. Ther& BONDS.-Of the general mortgage (trustee Union Trust Co. o! N. Y.) are also 5 per ce uts issued under a $10,000.000 mortgage of 1884,. for $10,000,000, there were $6,000,000 reserved for prior bonds. The ;llt\lre all depo,iited as security under B. C. R. & N. mortgag& general mortgage 4s cover 22 miles of road built since 1887. Of the B. C.R. & N. 5s of 1884 (Central Trust Co., Trusteei, bonds a.re Tbere are also outi-tanding $5,000 incomes due in 1921, for which reserved to retire·, if deemed best , all prior and divisional bonds. For $3,000 consols. (included in table) are held by the truste e. extensions bonds may he issued at $15,000 per mile for sin~le and $7:GENER.AL FINANCES.-Loans and bills payable September 30, 1894, 500 p -.- r mile for second track, the total author. issued not being limitea.. $866,482. Minneapolis & St. Louis bonds due June, 1927, numbered from 1,101\ EARNINGS.-5 month~, 5 1894 ...... gross, $1,396,812; net, $479,~23 to 1,400, for $500 each ($150,000 in all), were assumed by the BurJuly l to Nov. 30. { 1893 ...••. gross, 1,481,839; net, 460,020 llngton Cedar Rapids & Northern Railroad. Due on equipment January 1, 1894, $44,000 . .ANNUAL REPORT.-Fiscal year ends June 30. The allDUal meeting is held at New York on the third Monda y in NovE'ml.>er. The report for E.ARNINGS.-11 months, c1894 . . . . . gross, $3,425,737; net, $902,00Z 1893·94 iu ruil was in V. 59, p . 917,925. In 1893-9 4 c arried 1,894 ,595 Jan. 1 to Nov . 30. 5 1893 . ... . gross, 3,,;49,738; net, 1,164,797 tons of bitum nous coal, ag;1,inst 1,924,275 tons in 1892·93. ANNUAL REPORT.-Fiscal year ends December 31. .Annual meeting Year end. June 301891. 1892. 1 893. 1894. ii held on last Tuesday in May. Report for 1893 was in V. 58, p. 813. Gross earnings .. . ...•. $2,5:1,484 $2,947,106 $3,308,740 $2,780,237 Year ending Dec. 31- 1890. 1891. 1892. 1893. Net earnings .......... $628,974 $756,726 $857,235 $629,811 1,046 1,083 1,090 1,134 Other income... _...... 30,674 52,555 45,724 39,588 Miles operated. . ... .  I  ----  ----$809,281  Earnings-  $798,708 $938,f514 $973,815 $669.399 P assenger........ . . . $71 6,484 Fre ight. . ... ....... . . 2 ,430,457 2,9 :l8,628 3,249,8'18 3,084,481 $518,781 $59 4,368 Mail, e xpress, &c. . . 157,041 15l},003 166,457 166,45S 23,709 30,126 73,195 123,932 Total gross earns.$3,303,982 $3,886,339 $4,3!'>4,789 $4,224,754, ---Op. exps. and taxes . 2,487,835 2,613,643 3,193,141 3,078,435, Balance, surplus..... $74,465 $193,595 $251,701 def.$79,027 -----(V. 56, p. 207,247,502,668,752,972; V, 57, p . 300, 809, 825, 8 ~2, Net earnings .. . . .. $816,147 $1,272,696 $1,161,648 $1,146,319 855,893; V. 58, p. 224,774; V. 59, p. 332,780, Ul 7,919, 9.2.5, 968.} P.c. op.exp.to earns. (75 ·29) (67·25) (73·32) (72·86) 105,256 24,410 22,922 36,946 Butralo & Southwestern.-Owns from Buff'alo to Jamestown Other receipts . ..... N. Y., 67 miles. In July, 1880, leased to the New York Lake Erie & Total net income ... $921,403 $1,297,106 $1,184,!'>70 $1,183,268 Western for 99 years-at 35 per cent of gross earnings, but interest on 778,055 788,180 8l0,680 bonds guaranteed. Rental in year ending June 30, 1893, $133,042, Cnterestondebt...... 775,479 ag-ainst$14!,5l6 in 1892; surplus over intt>res t $37,022, against $-18,Surplus over int.. $145,924 $519,051 $396,390 $372,588 375; dividends, $33,028. Stock, $471,833 common a.nd $471,833 7 328,896 332,259 323,281 per cent preferred; p ar, $10C. Common stock share11 dividends after 7 Add cash a ssets.. . ... 235,990 632,871 811,634 279,197 on preferred. Divichmda-011 common, in 1889, 1890 and 1891, 1 per Deduct impts., &c... 150,314 cent; in 1892, August, 2 per cent. Ca.sh assets Dec. 31. $231,600 $215,076 *def.$82,985 sr.$416,672 Bldralo & Susqnehanna.-(See Map.)-Owna from Keating ".Add sale of bonds $514,000; balance, $431,015. Summit, on the Western New York & Pennsylvania RR., to Ans.onia, Pa., O.IIJ the Fall Brook RR., 62 miles, with bra.nohea 13 miles; total, 'i 5 -(V. 54, p. 641; V. 55, p. 1036; V. 56, p. '191; V. 58, p. 813.) miles The road passes through an extensive timber section (upwards of 220,000 acres), to which it a.ll"ords an outlet to Buffa.lo on the west, Butte A.naconda & Padfic.-Completed in 1893 from Butte to and to New York and Philadelphia, via connecting lines, as shown by Anaeonda, Mont., 27 miles. Extension to the Bitter Root River comaccompanying map. menced in Oct. 1894. Bonds tor $2,000.000 were to be issued at one& CAPITAL STOCK is $2,000,000. January, 1895, paid dividend of 4 and balance at $40,000 per mile Operated by Great Northern. per cent. algary & F::dmonton.-Owns 297 miles of road operated by Bo1ms.-Mortgage is for $2,000,000 (Mercantile Trust Co., Trustee) . Canadian Pacific, from Calgary on the Canadian Pacific, north See abstract in V. 57, p. 639, and application to the N. Y. Stock erly to Edmonton, 190 miles, and southerly to Fort Maclead, 107 Exchange in V. 58, p. 1036. Bonds cannot be issued to exceed $15,000 miles. Leased at cost of operating till July 1, 1896, to the Canadian per mile of road completed and equipped. The mortgage is also a lien Pacific, which at that date has the privilege of retiring the fl.rat morton about 89,394 acres of timber lands, estimated as worth $1,700/ }00. gage bonds at 110. '.rhe amount requisite in addition to the GovernTbe sinkillgfund will retire each year that proportion of the outl!tand- ment subsidy (of £16,000 per annum for 20 years for transportation of ing bonds indicated by the years the bonds have yet to run, purchas- Government freight) to provide the interest on the bonds to July 1, able in the open market, or subject to call at par in order of numbers, 1896, has been deposited in trust, to be used for that purpose, it having beginning with the highest. In July,1894, $47,000bon<ls were redeemed been derived from land sales. The land grant was 1,920,000 acres, of by the sinking fund. · which 605,000 acres are held by the Government against the subsidy E.A.RNINGS.-For 12 months ending Sept. 30 1894, gross, $302,779 3 nd by the Canadian Pacific Railway under the Tease. See V. 54, p. ..._ net, $142,608. (V. 57, p. M7, 639; V. 58, p. 1034, 1035. 1036.) 847. Stock $1,000,000; par $100. Total receipts..... $659,648 Interest on bonds.... $496,357 Int. on floating debt . . 15,841 Rentals . . . . . . . . ... . . . . 72,984   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  $902,959 $554,247 24,030 72,98 1  -----  ----  ---  C  •   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  ~ ~  MAP OF THE  BUFFALO & SUSQUEHANNA R.R. AND CONNECTING LINES. Showing 220,000 Acres of Timber Lands dependent on this Line for an Outlet to the Markets Ir> Etc.  ~  00  t-3  g ua  ~  I t"3  ~r ~  ~·  RAILROAD STOCKS AND BONDS.  JANUARY, 1895.)  Subscribers '11"111 conCer a great .favor by giving Immediate notice of any error discovered In these Tables. Bonds--Prinoi• RAILROADS. INTEREST OR DIVIDENDS. Miles Date Size, or When Due. Amount Rate per When Where Payable, and by pal, of Par Outstanding For explanation of column headings, &c., see notes of Stocks-Last Road. Bonds Value. Whom. on first page of tables. Cent. Payable Dividend.  - - ---  California Pacific-Stock .... ........................ 1st mort., !,old (ext'd in 1887) ..................... 114 i867 2d M., go1 ,gu.p.&i., end. by Oen. Pac., ext. in '91 114 1871 3d M .. gold, guar.by Cent. Pac. ($1,000,000are3s) 114 1875 Cambria & Olea1·field--Stock, $2,150,000 auth ... .. 50 ..... 1st M. ($2,000,000) gol<l ......................... o* 80 1891 Camden & Allantic-Stock ($880,250 of it pref.) . ... 79 ---2d mortgage ............. .. ....................... o* 79 1879 Consol.mort. ($650,000 are 5s; balance 6s coupon), 79 1881 Debenture certificates .... . ......... .... ........... 1893 Oamden & Burlington Oounty--Stock .. ............. ·si ..... 1st mort., guar. p. & i. by Pa. RR. Co .......... . c* 31 1867 7 1890 Oa1nden Ooimt11--lstM.,%.,gu.,p. &i. Phila. & R,c* Canada Atlantw- tock ( 1,000,000 is pref.) ....... ---1st mortgaµ:e, gold .. ..........................•.. o* i¥2 1889 (}anada Southern-Stock ............................ 456 . ---1st mortgage for $14,000,000.................... c 404 1878 2d mortgage for $6,000,000 .................... c&r 404 1883 Canadian Pacific-Stock (See text) ................. ·-----Pref. stock for $8,000,000, non-cum. (See text) .. r ---· .... Ca.n.Cent.RR.lstand2dmorts.,lstM.s.f.,dr.at105 ---· '82-;83 8uebec Prov. due on~ M. 0. & O. and N. S. RR . ---· an. Pacific, land mo , gold (redeem at 110) .... 1881 let mortgage debenture sterlin~ ................ 2,856 1885 1st mort. on Algoma Branch, o d .......... c*&r 183 1888 Land filant bonds, int. gu. by an. Gov't ... c*&r 1888 Conso "dated perpetual debenture stock ........ 1889 Manitoba S. W. Col. R'y $12,000 p. m., int. guar. g 213 1884 Atlantic & Northwest--lstmort. gold, guar .. o*&r 325 1887 North Shore Railway-1st mortgage ......•.•••••• St. Lawrence & Ottawa-let mort., gold, see text ·5s i876  5  $100 $12,000,000 ·-···--· ···-··--·· 1,000 2,232,000 412g. J. & J. N. Y., S.Pac.Co., 23 Br'd. 1,000 1,595,000 412g. J. & J. do do 500 2,998,500 3g.&6g. J. & J. do do 1,280,550 .. 5.g. J ...&.. J. Phila., 1,279,000 233 4th St. 1:000 50 1,258,150 See text. Phila., Of., 233 S.4th St. A_-·&··o. 1,000 497,000 do do 6 1,000 1,000,000 5 &6 J. & J. do do J.30& D. 385,000 5 do do 25 381,925 6 per an. J. & J. Phila., Penn. RR. Co. 500 &c. 350,000 F. & A. 6 do do 1,000 100,000 5 g. A. & 0. Philadelphia. . . .. 3,000,000 ............ ..5.g. J_..&.. J . 1,000 3,450,000 100 15,000,000 See text. F. & A. N. Y., Gr'd Cent. Depot. 1,000 13,923,707 J. & J. N. Y.dJlnion T1Jgt Co. 5 l,OOO&c 5,650,000 M.& 8. 5 100 65,000,000 See text. A. & o. N. Y.,59WallSt. &Lon. £1,320,000 4 per an. London, Co.'s Office. £1<:>0&c $1,823,333 5 &6 Various Montreal. A. & o. 7,000,000 do 5 500.&c. 3,426,000 5 g. A. & 0. Montreal,N. Y.or Lond'n .£100&0 34,998,633 5 g. J. & J. London, Baring B. & Co. £100&c 3,650,000 5 g. J. & J. do do £100&c $15,000,000 312g, J. & J. do do 39,819,675 4 J. & J. London, Comf.'ys office. 5 g. J. & D. N. Y., 59 Wal & London 1:000 $2,544,000 5 g. J. & J. London, Baring B. & Co. .£100&c £1,330,000 A. & 0. £99,600 do do 5 (6) 4 15J.&D. Can. Pac. office, London. .£50&0 .£200,000  California Paclfic.-Owns from Vallejo, Cal., to Sacramento, Cal., 80 miles; branches to Calistoga, &c., 55 miles; total, 115 miles. In November, 1886, leased for 50 y~ars to Southern Pacific Company. Rental, $600,000 p~r annum._ Capital stock. $12,000,009; par, $100. In 1893 ?1'oss earnmgs, $1,3::,9,~55; net, $638,936,. agamst $691,739 1n 1892, taxes 1 etc., $48,297, rental, $600,000? lo_ss to lessee, $9,361. Lessors account, rental, $600,000; paid mterest, etc., $351,396; surplus to lessor, $248,604. Cambria & Clearfield.-In operation from Cresson to Glen Campbell Junction, 48 miles; branches, 49 miles; total, 97 miles. Stock-authorized, $2,150,000 (par $50); paid in $1,280,550 all owned by the Pennsylvania RR. Co., which operates the property under an arrangement terminable at option of either partr. Net earnings are paid as rental. A full abstract of the mortgage was m V. 52, p. 976. ln 1893 ~oss earnings $256,224, against $.i50,140 in 1892; net, $57,460, agamst $31,764. CB.Dlden & Atlantlc.-Owns Camden, N. J., to Atlantic City, and branch, 62 miles; Atlantic City to Longport, 6 miles; Chelsea Branch RR., 1 mile; ferries, 2 miles; operates Philadelphia Marhon & Medford Railroad--Haddon:fleld to Medford, 12 miles; total operated, 83 miles. STOCK, ETc.--Preferred stock is entitled to 7 per cent if earned, and to as high as paid to common if more than 7. Pennsylvania RR. owns $234,100 common and $4,51,950 preferred. There are other bonds and mortgages outstanding, $88,300. The Phil. Marl ton & Medford (leased for net earnings) has $100,000 first 5s outstanding, due July 1, 1911, redeemable after July 1, 1896, int. J. & J. DIVIDENDS since 1880: On common, in 1880, 312 per cent in preferred scrip, and none ,nnce; on preferred, in 1880, 312 in scrip; in 1882, 4; in 1884, 7; in 1887, 5; in 1888, 212; in 1889, 3; in 1894, Feb., 4 p. c. Sept., 212 p. o. EARNINGS. -From Jan. 1 to Nov. 30 (11 months), 1894 ......... Gross, $855,115 ; net, $269,579; 5surp. over $129.229 1893 ...•..... G1 oss, 812,297; net, 193,162; { charges, 67,976 ANNUAL REPORT.--The report for 1893 in V. 58, p. 511, showed :-On ma.in line and branches, gross earnings, $843,324 ; net, $182,085, against $137,553 in 1892; other income, $10,274; interest on bonds $87,970; r entals, &c., $53,872; extraordinary repairs, $12,558; surplus, $3 ,959, against $4,3~3 in 1892. (V. 54, p. '720; V. 56, p. 9'7 1 ; V. 58, p. 429, 511.) Camden & Burlington County.-Owns from Camden, N. J., to Pemberton. N. J., 23 miles; branch, Burlington, N. J., to Mount Holly, 7 miles; total, 30 miles. Operated by the Pennsylvania Railroad, which guarantees bon ls, »rinc1pal and interest, and 6 per cent on stock Lease rental, $44,415, yielding 6 per cent on stook and bonds. Stock, $381,925; par$25. Dividends in Jan. and July. (n 1893 gross, 1269,756; net, $50,658, agst. $70,939 in '92; profit to lessee in '93, $6,243. Camden County.-Owns from Mt. Ephraim to Spring Mills, N. J· 7 miles. Controlled by Philadelphia & Reading, $51,950 of its $100,i~~d ~tock being deposited under Reading's collateral trust 2 Canada Atlantlc.-Owns Ottawa, Canada, to Lacolle, Quebec, 133 miles, with bridge over St. Lawrence; trackage to St. Albans, 28 miles. Leases for 99 years the Central Counties Ry., extending from Glen Robertson to Hawkesbury, 21 miles. The Ottawa. Arnprior & Parry Sound Ry. is being built in the interest of this company from Otwi.wa. to Parry Sound, 248 mil-es, of which on the eastern end about 142 miles, Ottawa to Long Lake, was completed and in operation in Aug., 1894, and on the westeim end 40 miles was completed. V. 59, p. roo.5. Trustee of mort~age of 1889 is Farmers' Loan & Trust Company. STOCK, $2,000,000 common and $1,000,000 preferred. EARNINGS in year ending June 30, 1894, were, gross, $586,171, against $571,371 in 1893; net, $185,045, ag_!l,inst $201,322; interest on bonds, $172,500; balance, surplt1s, $12,- 54b. In 1891-92 gross, $570,697. (V. 51, p. 403; V. 59, }). 696, IOO.J,) Canada Southern.-( See Map New York Central & Hudson River Rail?'oad.)--ROAD--Main line from Suspension Bridge station, including the Cantilever Bridge to Windsor Ont., 226 miles; branches t'l Courtris:ht, Ont., etc.• 230 miles; total, 456 miles, of which 98 miles are nominauy owned by proprietary companies. Double track, 98 miles. ORGANIZATION, CONTRACTS, ETC.--The Company was chartered 1n Canada February 28, 1868, and debt read.justed in 1878. In Nov., 1882, a. close contract was made with the Michigan Central for 21 years from January 1, 1883 providing for the payment to Canada Southern of one•thh:d the j<?int 'fit.come over all flxe~ charges. but Mich. Central, by reduction of its interest charges, received more than two-third11. The contract provided for a re-apportionment every five years, and in December, 1892, it was agreed to give the Canada South ern 40 per cent and the Mich. Cent. 60 per cent of the first $1,000,000 of net earnings, any amount over that to be divided on the basis of one-third and two-thirds, as before. This adds to Canada Southern's share just 12 p. o. per annum on its capital stock. V. 55, p. 1078. DIVIDENDS since 1880--In 1881, 212 per cent; in 1882, nil; in 1883 and 1884, 2; in 1885 and 1886, nil; in 1887, 1888 and 1889, 212; in 1890, 312; in 1891, 212; in 1892, 3; in 1893, 3 per cent; in 1894, Feb., 1&! per cent, of which 12 extra; Aug., 114 p. c.; in 1895, Feb.114. p. c.  ~.fi1f'J   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  01.:;  I  ·s.  Jan:· 1,· "i912 Jan. 1, 1911 July 1, 1905 Jan~. 1; "i941 Sept. 15, 1894 Oct. 1, 1899 July 1, 1911 Dec. 31, 1903 Jan. 1, 1895 Feb. 1, 1897 Apr. 1, 19';?0 Jan:. 5,..i9o9 Feb. 1, 1895 Jan. 1, 1908 Mch. 1, 1913 Aug. 17, 1894 Apr. 2, 1894 1899 & 1910 1902 & 1904 Oct. 1, 1931 July 1, 1915 July 1, 1937 July 1, 1938 Irredeemable. June 1, 1934. Jan. 1, 1937 Apr. 20, 1904. June 15, 1910  BoNDS.--Interest on the 1st mortgage is guaranteed by the New York  I Central till 1898 but the principal is not guaranteed. V. 56, p. 696.  ANNUAL REPORT.--For 1894 Canada southern's share of net earnings, as estimated, was $323,000. Report for 1893 in v. 58, p. 986, showed Canada Southern's share of net earnings as $456,648. against $380,712 in 1892; other income, $7,320; balance income previous years, $176,632; total, $640,600; dividends $450,000; total surplus Jan. 1, 1894, $190,600. For latest earnings see Michigan Central.--(V. 55, p. 21, ~077, 1014, 1056; V. 57,p. 1082; V. 58,p. 986, 1072; V. 59,p. ll03.) Canadian Pacltlc.-RoAD-Owns from Montreal to Vancouver on the Pacific Coast in British Columbia, 2,905 miles. There are branches and auxiliary lines owned of 1,249 miles, and 2,232 miles of leased lines; 56 miles used jointly; 776 miles operated independently for aocount of owners, including the Calgary & Edmonton RR., making the whole system on January 1, 1894, 7,218 miles, of which 6,327 included in traffic returns and 215 miles under construction. Also controls the Minneap. St. P. & Sault Ste. Marie (1,278 miles) completed Sept., 1893, affording a direct route from the West to St. Paul and Minneapolis; also controls Duluth South Shore & Atlantic, 584 miles, and in February, 1893, acquired Duluth & Winnipeg-which see. HISTORY, ETc.--Incorvorated Feb. 18, 1881, under charter from Do minion of Canada, receiving $25,000,000 in oash as a subsidy, also 25,000,000 acres of land, all to be tit for settlement. ·! 'he Ontario & QuebAc, Montreal to Toronto Junction, 334 miles, was leased in 1883 for 999 years, and its stock and bonds guaranteed. ln July, 1890, leased the New Brunswick Ry. for 990 years.--(See V. 51, p. 113.) STOCK.--The Dominion Government guaranteed and paid 3 per cent dividends per annum on the stock from November, 1883, till August 1 893. Preferred stock for $8,000,000, to bear 4 per cent interest and be non-cumulative, was authorized by stockholders May 10, 1893, for imrrov. and equip.; but only £1,320,000 of this stock was issued. DIVIDENDS paid-On common in 1883, 212 per cent; in 1884, 5; in 1885, 4; froru 1886 to 1889 inclusive, 3 p. c. yearly; from 1890 to 1893, inclusive, 5 per cent yearly, but only 2 per cent of it from earnings; in 1894, Feb., 212 p. c.; Aug., _21;2 p . c. On preferred in April, 1894, at rate of 4 p. c. per annum. D1v1dends on common, formerly F. & A., are now payable in April and October. BONDS, Dl!:BENTURE STOCK, GUARANTEED BONDS, ETC,--ln May ~ 1888, the company relinquished its exclusive right to operate in Mani toba lines to the lnternat10nal Boundary, receiving the Dominion Gov· ernment guarantee of interest on $15,000,000 of land grant bonds. These bonds are a lien on 15,444,200 acres of land sub1ect only to $3,426,000 land 192ant bonds of 1881, which are redeemable at 110. As to consolidated debentU1·e sto ck see V. 49, p. 116. V. 58, }). 596. In June, 1890, company agreed to gua1·antee the principal and interest of $20,000,000 4 per cents, to be issued by the Duluth South Shore & Atlantic; also 4 per cent interest on bonds of the Minneapolis St. Paul & Sault Ste. Marie. (See V. 50, p. 874; V. 51, p. 239; V. 52, p. 608.) Of the Dul. S. S. & At. con3ols it owned Jan. 1, 1894, $14,600,000. To the .A.tiantic ~ Northwest Railroad, t,rossing_ the State of Ma~~z the Dominion Government grants a subsidy of ii;l86,000 per year au 1906 and Canadian Pacific guarantfl<\S the balance of interest money. St. Lawrence cf: Ottawa bonds are endorsed with the Canadian Pacifl.o's acceptance of a 999 years' lease at a rental sufficient to pa.y 4 .J?er cent interest oa bolids. and the bondholders' agreement to accept interest at 4 per cent (instead of 6 per cent as formerly), and to refrain from demanding payment of principal during continuance of lease. The New Brun;swick Railway consolidated debenture stock has interest guaranteed by C. P.; interest on the first mortgage bonds, though not g11.aranteed, is paid out of rental under 990 year lease. LANDs.--Lands unsold Dec.31, 1893, were 15,792,388 acres of Canadian Pacific grant and 1,098,086 acres of Manitoba South Western nant. l'otal sales in 1893, from both grants, were 107,348 acres for $351,847, against 392,467 acres for $1,355,618 in 1892; net from town sites, $15,244, against $344,552. See V. 56, p. 838. GENERAL FINANCES.-ln addition to 3 per cent dividend guaranteed by Government till August, 1893, 2 per cent yearly was paid out of earnings. In 1893 it was decided to place $4,000,000 on special deposit with the company's bankers to meet any possible deficiency at any time in maiataining dividends at 5 per cent on the ordinary stock. See V. 56, p. 810. In 1893 issued $4,866,667 oonsol. debenture stock. As to preferred stock, see a preceding paragraph. EARNINGS.--11 months,~ 1894 ... Gross, $17,197,309; net, $5,834,866 Jan. 1 to Nov. 30. 5 1893 ... Gross, 19,328,432; net, 7,160,519 ANNUAL REPORT,--Fiscal year ends Dec. 31. Annual meeting is held ·• at Montreal on the second Wednesday in May. The report for 1893 in full was in V. 58, p. 593, 596. 1892. 1893. Year ending Dec. 31. 1891. 6,015 6,327 Miles operated December 31.. 5,766 $5,656,205 $5,556,316 Passengerearnings ..•...•...•. $5,459,789 13,330,540 12,67::l,075 Freight . . . . . . . . . . . . . . . . . . . . . . • . 12,665,540 2,522,496 2,633,037 Mail,expr'ssandmiscellaneoue 2,115,767 Total earnings.............. $20,241,096  $21,409,352  $20,962,317  INVESTORS' SUPPLEMENT.  [VOL.  LX.  Subacrlbera w1.lJ. cont'er a e:reat f'avor bv dvtng Immediate .11otlce of' anv ~rrQr ~~!ieovered In these Tables. J:;.:mas-PrlnoiIliTEREST OR DIVIDENDS. P.AILROA.DS. Due. Miles Date Size, or Amount Rate rer When Where Payable, and by pal,When Stocks-Last Par Outstanding of t!'or explanation of column headings, &c., see notes of Dividend. Cen . Payable Whom. on first page of tables. Road. Bonds Value. .:Janadian Pacific-( Coneluded)-  Ontario & Quebec stock guaranteed in perpetuity Ont. & Que. d eben., interest iruar. in perpetuity .. Toronto Grey & Bruce, 1st M., gold, int. as rental. New Brunswick Ry.lstM.,gold,int.fromrentaLc* Perpetual consoL debent. stock, int. guar ....... Cape Fear d Yadkin Val.-lstM.,seriesA,gold.c~&r 1st M., Ser. "B," gold (2d on 233 m.) ... ...... c*&r 1st ., series C, gold (2d mort. on 225 m.iles.).c*&r Consolidatedmortgage$15,000 J?er m.ile,gold.c*&r 8. Car.Pac. (leased) lstM.State lme to Bennettsv. <Jarolina Central-Stock ........................•.... 1st M .. jold, (Wilm. toShelby,240 m.) (seetext).c* 2d and d mort!ages, Bold, mcome, non-cumul .. r Oarolina Oumb. ap d hic.-lst M., otd ..... c*&l' <Jarson cl Oolora(lo-.:IstM. for $3,500,0 O,g.,s.f.c*&r Cartha-ge cl .Adir.-lstM. $1,600,000 g .. gu.p.&i.c*&r ·Carthage Water.cl Sack.Har.-lstM. g.,gu.u.&i.end. Catasauqua & Fogelsville,-Deba. ext., g., 88' & '93. Oatawissa-Pref. stocks, 7 p. c. gu. P. & R. See text Mortgage bonds ................................... c 1st mort., assumed by Philadelphia & Read..... r -OatskiU Mountain,-First mortgage ................. 1st income bonds ...................................  3  334  i90  174  iifo  73 82 329 10½ 276 240 240 25 3()0 43  ....  ·gs  93  0  16  "34 8:x:tti:Zt~1::~!'~~~;n.~~ ~;;~~~~s~-~<i:o* 100 61  ,Cent. Br. U. P.-lst M. Atch. & P. P. RR., gold..... c Fund int. (mort.) bds. (coup. held in trust) gold.c 2d mortgage (Government subsidy) ............... Central Massachusetts-lat mortgage ............. c"' Oentral N. Y.cl Western-1st mort. $1,000,000, g .. c"' Central Ohio-Stock ($411,550 of this is preferred). Con. 1st M. (for $2,850.000) now 1st lie.n, gold . . I'.!  100 100 99  ....  137  -----·  $2,000,000 £4,007,381 £719,000 £600,000 £791,707 $1:000 $1,500,000 1,000 734,000 820,000 1,000 1886 1,000 1,868,700 1889 104.,600 1884 100 &c. 1,200,000 ..... 2,000,000 1,000 1881 1,000 2,700,000 1881 1,000 375,000 1882 2,000,000 1892 1,000 1,100,000 1892 1,ogg 300,000 1891 135,000 1,000 1878 3,200,000 50 ... .. 1,300,000 1870 500 &c. 1882 · 500 230,500 .... 50,000 1885 238,000 1885 "30 .... 589,110 1866 500 &c. 1,377,000 1,000 1865 ls600,000 1,000 630,000 1879 '66-7-8 1,000 1,600,000 1,000 2,000,000 1886 1,000 242,000 1892 50 2,860,048 1,000 18RR 2,500.000  isss 1884 isss 1886  $100  .iioo £100  ·---  Year end,i,ng Dec. 31. 1891. 'Total earnings.............. .. 20,241,096 Operating ex-penses........... 12,231,436 Peret. of oper. exp. toearn'gs. 60·43  1892. 21,409,352 12,989,004 60·67  Net earnings ................... $8,00!>,660 Fixed charges .................. $4,664,493 .Supplementary dividends..... 1,300,000  $8,420,348 $7,741,416 $5,102,018 $5,338,597 1,300,000(3½)2,275,000  1893. 20,962,317 13,220,901 63·07  -----  Balance, surplus ........... $2,045,166 $2,018,330 $127,819 To surplua for 1893 as above add interest on loans and deposits :$e09,863. Total surplus December 31, 1893, $7,261,732. -(Y. 56, p. 205,245,331,414; V. 56, p. 578,621,710, 792, 810, 833, 1lS7,972; V.57,p. 255,375.721; V.58,p. 593,594,596, 619.l Oape Fear &: Yadkin Valley.-In operation from Wilmi.ngton, N. C., to Mount Air[, 248 miles; branches to Bennettsville, etc., 1}0 m.; total, 338 miles, o which 10 m. leased. Mostly 50-pound steel. RECEIVER.-Mar. 31, 1894, Gen. John Gill was appointed receiver. BONDHOLDERS' COMMITTEE.-W. H. Blackford, w. H. Perot. John A. 'Tompkins, Frank T. Redwood, Basil B. Gordon and J. W. Middendorf; -depositl:lries, Mercantile Trust & Deposit Co. of Baltimore or Farmers' Loan & Trust Co., N. Y. V. 58, p. 1034. STOCK authorized, $3,000,000; outstanding, $1,972,900, of which ,July 1, 1892, North State Improvement Co. held $1,60t:!,OOO. BONDS.-First mortgage (trustee Farmers' Loan & Trust Co.) is in three series, each a tlrst lien on one di vision of the road and a second llen on the otner di visions. North State tmprovement Co., virtually the owners of the road, held the $1,868,700 con.sols outstanding, and .arn-eed not to draw interest upon them unless fully earned. December, "1893, coupons of tirst mortgage were purchased by Farmers L. & T. Co., acting as agents. V. 57, p. 979. June, 1894, coupons were not ·pa.id. The coupons have a prior lien under the mortgage. EARNINGS.-Net earnings since the receivership have been used prin,-oipally in improving the road and rolling stuck, V. 59, p. 1057. .ANNUAL REPORT.-Fiscal year ends June 30. Report for 1892-93 in V. 57, p. 1038, showing gross earnings $549,355; net, $195,446; obligatory interest charge, $L83,2f0. In 1891-92, gross, $550.~52; net, ~196,:,91. (V. 58, p. 81, 178, 30:,, 594, 682, 1034; v. 59, p. 10G7. Carolina Central.-Owns from Wilmington, N. C., to Rutherfordton, N. C., 267 miles, of which 219 miles (the Wil. R. Bridge) owned iointly. Bold in foreclosure May 31, 1880. Controlled by Seaboard & Roanoke a.na Raleigh & Gaston. BONDS.-There are a.lso $150,000 Wilmington Railway Bridge 1st ..mort. bonds, guaranteed by Carolina. Cent., Wil. Col. & Aug. and Wll. & Weldon. A con.sol. mort. for $250,000 upon the bridge was au,thorized in 18~3 to retire the lats as they mature, eto. Bills payable June 30, l893, $238,065. In August, 1894, the Seaboard Air Line guaranteed 4 p. c. :per annum for 5 years on the firsts, giving non-cum. 5 p. c. income scrip for the remaining 2 p. c. V. 59, p. 331, 600. Under this arrangement the overdue July, 1894, coupon was paid October 4, 1894. EARNINGS.-ln year ending June 30, 1893, gross $504,193; net, $91,957; interest, rentals, &c., $130,108; balance, deficit, $38,151, against deficit in1891.92 of $48,012.-(V. 58, p. 1109; V. 59, p. 28, 228, 331, 600.) tJaroHna DlldJand.-Owns roaa m operation from Allendale, 8. C.' to Severn, 8. C., 55 miles. A consolidation in 1891 ot the Barnwell and ·the Blockville Alston & Newberry RR. Cos. Bonds at $12,000 per mile were authorized in August, 1891. In year 1892-93 gross earnings were -$RO.R71: net, $8,072, against$8,614 in 1891-92; fixed charges, $33,102. Carson &: Oolorado.-(3-foot gau~e.)-From .Mound House, Nev., to Candelaria., Nev., 158 miles; Junction, Nev., to Keeler, Cal., 142 '1Ililes; branches, 7 miles; total, 307 miles. Stock, $6,300,000 authorized; $4,380,000 issued. Reorgamzed in 1892. In 1892-93 gross, $213,. 409; net, $74,959, ap;ainst $84,673 in 1891-92; interest, etc., $107,702, Carthage &: Adirondack.-( flee Map N. Y. Oentral.J-Owns from Carthage to Benson Mines, New York, 43 miles. The entire stock, $500,000, is owned by the New York Central RR., which in April, 1893, leased the property in perpetuity and guaranteed its $1,600,000 of new 4 per cents, of which $500,000were reserved forimprovemPnts or extensions if desirable. Cn year 1892-93 gross earnln~s, $133,080; ·net $48,775, against $4.8,273 in 1891-92. (V. 56, p. 502; V. 57, p. 218.) (Jarthage ,vatertown &: Sack.el:Ps Harbor.-(See Map N. Y. Oentral.J-Owns from Carthage to Sackett's Harbor, N. Y., 30 miles. ·Controlled by N. Y. Central, which owns $477,600 of tbe stock and guarantees tbe bonds. Leased to R. W. & O. for 37¼ p. c. of gross earnings. Rental 1893-94 $54,790. Capital stock $465,845 common and $21,500 preferred. Catasauqua&: Fogelsvtlle.-See SUPPLEMENT of Nov., 1891. Oatawtssa.-Owns from Tamanend, Pa., to Williamsport, Pa.. 93 miles, and orauch, 4 miles. Leased Nov. 1, 187~, for 999 years to Phil. & Reading. Rental, 30 pet ct. of gross earnings and $8,000 for organiv;atlon expense@. Funded debt was assumed by lessees. There are   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  6per an. J. & D. Montreal and London. J. & D. London, Morton, Rose. 5 4 g. .J. & .J. Toronto and London. London. ~ g. F. &A. J. & .J. do 6 g. J. & D. See text. 6 g. J. & D. do 6 g. J. & D. do A. & 0. :g, A. & 0. N. Y., 4th N. Bank, &c. 4 (6) 6 g. J. ..&.. J. See text. 6 g. J. & J. ----···--· In default. 6 g. M.&N. 4 g. J. & J. July, '94, coup. not paid 4 g. J. & D. New York City. 5 g. J. & J. N.Y.,Grand Cent.Stat'n 6 g. J. & J. Catasauqua,, Pa. 7pe an. M.&N. Philadelliihia Co.'s office F. & A. Phila., P ·1a.& Rean.f',o. F. & .A. Phila., Phil. & Read. Co. 6 5 F. & .A. C'skill,N.Y., Tan.NlBk. 6 F. & .A. Dividend paid in 1893. 9 per an. J. & J. New York, 52 Wall St. 7 J. & J. LastpaidJuly, 1887. 6 g. M. & N. Nov., '93, coup. last pd. 7 g. M. & N. ~ov., '93, coup. last pd. 6 ..... U.S. Treas.,atmaturity. 5 A. & O. Boston Office & Int. Tr. 5 g. J. & J. New York, 15 Wall St. 6 per an. J. & J. Balt., at B. & 0. olfice. 4:lg rt-M. & 8. N. Y .. Union Tmst Clo.  7  Decem., 1894 Irredeemable. July 26, 2882 Aug. 1, 1934 Irredeemable. June 1, 1916 June 1, 1916 June 1, 1916 Oct. 1, 1919 Oct. 1, 1914 Juiy'1,''i920 1910 & 1915 Nov. 1, 1912 July 1, 1941 Deo. 1, 1981 July 1, 1931 July 1, 1898 Nov. 19, 1894 Feb. 1, 1900 Aug. 1, 1902 Aug. 1, 1905 Aug. 1, 1915 J1:1n., 1895 Jan. 2, 1907 May 1, 1895 May 1, 1895 1896, '97, '98 Oct. 1, 1906 Jan. 1, 1943 Jan. 31, 1895 St> p t,. l. 19SO  I  a.ls:> chattel mortgage 5s due 1900 $24,500; 7 per cent construction bonis due June 1, 1917, $62,000, and other bonds. $185,000. Seven per cent is guaranteed on preferred stocks, of which $2,200,000 is tlrst prel. Common stock, $1.159,500, nar $50. In 1892-93 rental $338,830. Catskill Mountain Kallway.-Owns nal'row-gauge road from Catskill, up the Catskill Mountain, to Palen.ville, N. Y., 16 miles; leases Cairo RR., Cairo Junction to Cairo, N. Y., 4 miles; total, 20 miles . Reoreanization after foreclosure or June 15, 1885. Stock, $•rn.ooo; par, $100. BoNDs.-There are also second incomes for $15,2u0 6 p. c. .l!'irst income~have one vote for each $100. E.ARNINGS.-Year ending June 30, 1893, gross, $49,482; net, $21,893; surplus over charges, taxes, etc., $14,205. In 1891-92 gross, $45,489; net, $19,341. From earnings of 1892 paid $8,585 on first incomes in 1893. Oayuga &: Snsquehanna.-Owns from Susquehanna River to [thaca, N. Y., 34 miles. Charter expires in 1899. Leased till then to Oelaware Lackawanna & Western at a rental of $54,600 a year. Cedar Falls &: Dllnnesota.-Owns from junction near Cedar Falls, Iowa, to Minnesota State Line, 76 miles; of which 56 miles iron. LEASE.-Leased to Dubuque & Sioux City for 40 years from Jan. 1 1867, at minimum rental of $113,370 per annum. See v: 51, p. 493. Interest wai; defaulted January, 1888, and rental is paid into court pending litigation. The Dubuq,ue & Sioux City is controlled by the Illinois Central Stock, $1,586,::>00, par $100. In ~ov., 1897, the Illinois c~ntral offered holders of C. F. & M. 7s, with Jan. 1, ,1 888, and sub•equent coupons attached, $1,120 in Illinois Central 4s (secured on 142 miles of Dubuque & Sioux City main line) for each $1,000 of the 7s. V. 59, p. 919. On Feb. 1, 1 95, holders of certificates for bonds deposited nnrter this arrangement will be paid 7 months' interest on same, being $26·1~ on each $1,000 of C. F. & M • bonds. V. 60, p. 82. EA.RNINGS.-tn yeal' 1892-93 gross, $118,346; det1c1t, after payment ot i;axes, .fl '3,436; rental, $113,370; loss to lessee, $12::),806. V. 59, p. 919; v. 60, p. 82. Central Branch Uulon Paclftc.-vwns from Atchison, Ka:n., to Waterville, Kan., 100 miles; leases Atchison Colorado & Pacifl.c, 255 miles; Atchison Jewell County & Western, 33 miles. ORGANlZATWN.-CJnited States subsidy was $1,600,000. Controlled by Un.ton Pacific, but leased to Missouri Pacific for 25 years from SeJ.)t., 30, 1885; rental, net earnings. Accounts payable Jan. 1, 1894, $1.426,008; interest on Government loan accrued and unpaid Jan. 1, 1895, $1,981,260. The November, 1893, interest on Central Branch 7s and A.tohison & Pike's Peak 6s was paid in January, 1894. May, 1894, coupons remain unpaid. See Union Pacific. STOCK.-$1,000,000 (par, $100), of which Un. Pac. owns $874,200• DIVIDENDS.-In 1885, 5 per cent; in 1886, 10; in 1887. 10. EARNINGS.-11 mos., l 1894, grO!IS, $354,026; net, $ l 21,623. Jan. 1 to Nov.30. 51893, gross, 441,000; net, 145,270. In year 1893 gross on the 100 miles Atchison & Pike's Peak were $~ 84,620; net. $143,619; other income, net, $5,623; interest on bonds, $140,100; U. 8. charges, $15,119; balimce, detlcit, $5,977. In 1892 gross, $609,509; net, $243,733; surplus over char~es, $90,451. For earnings of leased lines see Atchison Colorado & Pacitlc. Central Dlassachnsetts.-Owns North Cambrid~e to Northampton, Mass., 99 miles. The stock is $7,419,202 (par lfilOO), of which $3,949,102 is preferred and controls the company until 8 per cent dividends shall have been earned thereon in any one year. Leased to Boston & Lowell for 99 years from October 1, 1886, at a rental of 20 per cent of gross earnings up to $1,000,000, but with a guarantee of sufficient rental to pay interest. New issue of $500,000 bonds has been authorized by Legislature. OentI"al New York&; Western.-RoAo-Belfast, N. Y., to Perkinsville, 41 miles; branch to Hornellsville, 11 miles; Anglica, N. Y, to Olean (narrow gauge), 40 miles; total, 92 miles, of which only a part in operation. The narrow-gauge division is being made standard. Successor in December, 1892, to Lackawanna & Southwedtern, sold in foreclosure in 1892. V. 55, p. 977. Stock authorized, $1,000,000. Bonds for $108,000 are in treasury, Bills payable June 30, 1894, · $71,839; open accounts, $39,102. EARNINGS -For year ending June 30, 1894, gross, $64,833 ; net, $4,260; deficit under interest and taxes, $L0,791. In 1892-93 gross, $33,639; net, $6,331. Balance sheet of June 30, 1894, (V. 59, p. 650.) Central Ohto.-Owns from Bellaire, Ohio, to Columbus, Ohio, 137 miles, of which Newark to Columbus (33 miles double tracked) is owned jointly witb PittsburK Cin. Chic. & St. Louis; operates branch, 7 miles. Lease of Colorado & Cincinnati Midland was assumed by B. & 0. LEASED to Baltimore & Ohio till 1926, with option of renewal; rental, 35 per cent of gross earnings, with minimum guaranteed of $166,000, rental in 1893-4, $374,300; in 1892-93 $464,399. DIVIDENDS on common stock ~ince ?-880 have been: In 1881, 6½l; from 1882 to Jan. 31, 1895, both mclus1ve, 6 per cent yearly. ' EAmHNGS.-In 1893-95 groi.!I, $1,060,428; net, $166,658; in 1892-93 gross, $1,326,854; net, $240,043; interest $112,500; taxes, $21,000.  JANUARY,  RAILROAD STOOKS AND BONDS.  1895.]  Subscribers "W"fil confer a great favor by giving Immediate notice of any error discovered In these Table•• Bonds-Prtnol RAILROADS. INTEREST OR DIVIDENDS. Miles Date Size, or Due. Amount Rate per When Where Payably, and by pal,When Par Outstanding of Por explanation of column headings, &c., see note1:1 of Stocks-Last Road. Bonds Value. on first page of tables. Cent. Payable Whom. Dividend.  -----  ---  $100 $67,275,500 See text. See text N.Y.,S.Pac.Co.,23Br'd. See text. 6 "g, J. & J. 1865-8 1,000 25,883,000 1st M.,ser. A to I, incl., gold (see text) ............ do do 1895,'96,'7 &'9 1,000 6,080,000 6 g. A. & O. 1st M. B. Joaquin Val. Br., g. (s. f.) not drawn ...... 14.6 1870 do do Oct. 1, 1900 U. B. Loan (2d lien on certaintermsJ ............... 737 25,885,000 6 g. J. & J. United States Treasury. 1895 to 1898 111,000 West.Pac., old iRsue, 1st M. 8. Jose east'ly 100 m .. g 100 i865 6 g. J. & D. N.Y., 8.Pac.Co.,23Br'd. Dec. 1, 1895 i:c>oo 1,000 1,859,000 do San Jose to Brighton, Cal., series A, g. 123 1869 6 g. J. & J. do do July 1, 1899 24 1869 1,000 765,000 6 g. J. & J. do series B, 1st M., to Oakland, gold . ..•. do do July 1, 189~ do Government lien, gold .. . ............... 123 1865-9 ......... 1,970,000 6 g. Various United States Treasury. 1895 & 1899 1,000 5,982,000 5 g. J. & J. N.Y., 8.Pac.Co&23Br'd. Jan. 1, 1918 Cal. & O. 1st M., ser. A, g. (exte'd)} s. f. yearly, 296 1868 1,000 Do do ser. B, g. (exte1d) not drawn .. 296 1872 4,358,000 5 g. J. & J. N. Y.,8.Pac.Co. London Jan. 1, 1918 1,000 Land grant 1st M., gold, guar., extended in 1890. ··-· 1870 2,837,000 5 g. A. & 0. do do Oct. 1, 1900 1,000 Mort. gold 6s, 1936, ld. gr. s. f., not drawn . . . .... 1886 56,000 6 g. A. & 0, do do Oct. 1, 1936 1,000 11,000,000 5 g. A. & O. N. Y. & San Francisco. Apr. 1, 1939 Mort. iold, 5s, 1939, Id. gr.,guar., s. f., not dr'n.c l,a60 1889 Notes ue land grant fund ($500,000 due yearly.) 400,000 4 New York. Oct. 1, 1895 ·--Cent. Pa. cf: lVest'n.-Wilkesb. & West ., l flt M., g.o* ·si 1886 620,000 i:ooo 5 g. J."·&-·J. July,'94,int. tobeaclj'd. July 1, 1926: 100 Central RR. cf: Banking Co. of Geo1·gia-Stock ...... ..... ........ 7,500,000 Bee text. Jan., '92, div. lastpaid. Jan., 1892 J ...&.. J. Jan.,'92,coup. lastpaid. Jan. 1, 1893 1,000 General mortgag-e "tripartite" bonds ........... o* 620 1872 4,999,000 7 1,000 A.s collatera l 5 g. A. & 0. Consol. mort. for $13,000,000,cfEold, red. at 110.o~ 311 1890 ~r. 1, 1937 1,000 Collateral trust bonds, gold, re eemable atllO.o• ··-· 1887 4,880,000 ay 1, 1937 ~ g. M.&N. N. Y., Security & Tr. Co. 100 4,600,000 Certs. of debt, payable at option ................... .... 1881 J. & J . Jan.. '92.coup, last paid. 1993· to ·i897 . . ........ Equ1pment notes on J11ly 1, 1893 .......... . .... . . ..... 1,~62,612 ·--· J:·&·· J. N.Y., Security &Tr. Co. July 1, 1920 Ocean 88. Co. 1st mortga,;:e, gold, guaranteed ... c ...... 1890 1,000 1,000,000 Hoboken Wharf notes, including int. to maturity ----· 196,000 ........ . .............. 1895 to 1899 ·--Savannah & Atlantic 1st mortgage, assumed ... c• 250,000 18 1890 5oo·&c. M. & 8. Mar.,'92,coup. lastpaid. Mch. 1, 1920 5 Omt. RR. of N. Je1·sey-Stook ($30,000,000 author.) ..... 100 22,497,000 7 per an. Q.-F. N.Y.Off., 14;3 L1hert) St. Feb. 1, 1895 1,000 Bonds, secured by consolidated mortg age of 1874 ...... is12 1,167,000 M.&N. N. Y., Liberty Nat. Bk. Nov. 1, 1902 7 1,000 1874 3,836,000 Consolidated mortgage (now first mort(a~e) . .. c* Q.-J. do do July 1, 1899 7 1,000 Convert. debentures, convert. into st-Oc till 1907 ...6 1883 465,000 6 M.&N. do do May 1, 1908 Long Br. & Sea Shore, 1st m.,Sandy Hk to L.Br.c* 1,000 197,000 1869 J. &D. do do D,eo. 1, 1899 7  Central Pacific-Stock for $68,000,000 ............•.  Text.  .5.g. ---·  ----  I  Ventral Pacific.-( See Map of Southern Pacijlc.J-Lnra OF Ro.AD.HISTORY, RECEI:VERSHIP, &c.-This. road wa~ was ,opened in 1843 Lines owned,Miles. Tt·ackageMiles, 46. In 1888 the R1~h~ond & West Pomt Termmal Oomp:1ny becam6 Ban FranciRco, Cal., to near Northern Ry., Main Line.... 6 Ogden, Utah................ 872 Union Paific into Ogden..... 5 Lathrop. Cal., to Goshen, Cal. 146 ___ Roseville Junction, Cal., to Total ............ . ........... 1,360 Oregon State Line.......... 296 Branches to San Jose, etc.... 35 LEASE.-In March, 1885, leased to Southern Pacific Oompany for the net income over onar,res, but not less than $1,360,000 yearly. In Dec., 1893, under a provision that its terms might be altered i! they proved inequitable to either party, the lease was so chan~ed that henceforth the Ventral Pa.citlo stockholders will receive diVIdends only if earned. It is claimed that since the lease was made the dividends have not been earned more than once. The amended lease was given 1n full in V. 58, p. 819. BuesrnY.-Interest is not payable on subsidy loan till the bonds mature, but the "Thurman" act provides for payments yearly to the sinking fund. See V. 50, p. 276. Jan. 1, 1895, principal due Govern• ment on C. P. loan was$25,885,120; interest,$32,678,873; on Western Pacific loan, principal, $1,970,560; interest, $2,959,451. Parvalueo1 securities in U. 8. sink.ingfundJan.1. 183-l, $5,176,500. There are con• siderable claims against the U.S. for transportation on non-aided lines. LONDON Ct)MMUTEE.-On October 16, 1894, G. Frederick Banbury, A. P. Compton, .John B. Akroyd, Daniel Marks, Joseph Price, W. News• head and R. D. Peebles were appointed to protect the interests of Euro• pean stock holders. (V. 59, p. 696.) n IVIDENDS-F rom F e b ·• 1888 • to F e b ·• 1893' i no1usi ve, 2 p. 0 t • year1y. In Sept .. 1893, 1 p. o. ; none since. Sf\e "Lease" above. BONDS.-Of the first mortgage 6s of r865•8, Series A to D, aggregating $6,378,000, cover the road from Sacramento to the California State line, 140 miles, and Series E to I, aggregating $19,505,000, cover the road from the State line to five miles Wf'St of Ogden, 598 miles. The 5 per cenis of r889 are guaranteed principal and interest by the Southern Pacific Company; the mortgage is for $16,000,000, the Metr >politan Trust Co. of New York being trustee. (V. 49, p. 340.) 01' tbe amount authorized $2,250,000 are reserved to retire at maturity any land- grant bonds not redeemed from lantJ sales, and $2,750,000 oa.n ue applied only to the improvement or purchase o1 prop,·rty on whioll the mortgage shall have a first lien. The land grant 5s of rgoo carry South· em Paclfto ,cuaranty of principal and interest. Several of the loans have sinking funds but none of the bonds are subject to call before maturity. '.rbe total holdmgs of the sinking funds on Jan. 1, 1894, exclusive of the land grant fund-which see below-were $8,572,622, including $2,035,000 So. Pac. of N. M. 1st 6s; $2,926,350 Southern Pacific Co. Steamship first 6s; $1,78~,ooo Guate,mala Central RR. first gold 6s; also other securities and $120 in cash. LA.ND GRA.NT.-Total land grant was about 12,000,000 acres, of whicll about 2,828,000 acres had been sold to December 31, 1893. Sales in 1893, 39,259 acres; cancellations, 45,008 acres. Land contracts on hand January 1, 1894. $1,028,147; cash. $1, 26,080; notes of Central Pacitl.o RR., $1,000,000. These last since reduced to $400,000. EARNINGS.-10 months, i 1894, g-ross, $10,956,713; net, $4,135,175. Jan. 1 to Oct. 3J. 51893, gross, 12,194,043; net, 4,970,629. ANNUAL REPORT.-Report for 1893 was in V. 58, p. 796, 814, 817, showin~ gross earnings of $14,261,224; net, $5,739,336; net nrofit tor year under lease, ,t:784, 717; deficit under guaranteed rental, -paid by So. Pacific, $575,283; total to lessor under lease, $1,360,000; other income, net, $11,0 ll: dividends paid (2 per cent), $1,345,510 ; surplus, $25,501 In 1892, gross, $14,612,990: net, $5,707,579. (V. 58, p• 263, 365,549, 715, 796, 814, 81 '7; v. 59, p. 696, 919.) Central Pennsylvania & Western .-Owns from Watsontown, Pa., to Orangeville, Pa, and branch 31 miles. Projected to Williams• port. Successor in 1893 to Wilkesbarre & Western foreclosed. STOCK.-Capital stock is $5,620,650; par, $50. BONDS. -The first mortgage of 1893 (N. Y. Security & Trui-t Co., tru~tee,) is for $5,000,000 gold 5 per cent 50-year bonds and provides for the proposed extension. Central KR. oC Penni;iylvanla.-Owns Bellefonte (Penn. RR.) to Mill Hall, Pa. (on Beech Creek RR.) 27 miles. Opened in Dec., 1893.  Central KatJroad & Ban.kin~ Co. of Georgla.-T.ne system on June 30, 1893, was made up as follows:  Lines owned-  Miles. , Earns. kept separately-  Miles.  tb.e . holde_r of a m8i)or1ty of ~he stock and th_e reby exercised co.Q.trol tmt1l April, 1892, when receivers wer~ appomtod. See V. 57, p. 59. The per ,naneut receiver:'! are. H. M. Comer and R. 8. Hayes. Foreclos~re _s ale under the tr1part1t~ mortgage has been deferred. Reorgaruzat10n may preclude necessity for foreclosure. Bee V. 58, p. 263. .BmmHOLDERS' COM:MCTTEE-Frederick Cromwell, Chairman, 32 Nas· sau 8 treet, :Y. Y., Ed ward N. Gibbs and Adrian IsE'-lin, Jr., reque!!!t deposits of tripartite bondR with N. Y . Guaranty & Indemnity Co. Henry P. Ta.lmadirn. 68 William Street, N. Y .. and others, constitute a committee of holders of "certificates of debt." V. 58, p. 1034. REORGANIZATION.-Plan of reorganization as reported in July, 1894, was given in V. 59, p. 28. Plan or the Thomas-Ryan committee is expected shortly. It is said the road will be ml\naged in close oonneotion with the Southern Rail way-see V. 59, p. 835. COUPONS IN DEFAULT.-For the last coupon paid on the several loans see the ta.Me above and the statements for each of the leased lines. rnterest due Nov. 1, 1894. on the collateral trust bonds, and July 1,. 1894, on the Ocean SS. bonds was paid when due. GUARANTIE~, El'C.-See SUPPLEMENT of July, 1894. There are also rentals under leaies, making a~gre~a.te char~e;i in Sept., 1892, about $2,500,000 per annum, exclusive of int. on floating debt and oar trusts . . FLOAT[NG DEBT.-Total floating debt June 30, 1893, was $5,803,0i!'> •. The items to be funded were in November, 1892, as follows (see stlf~ ment V. 55, 805) : Tripartite bonds overdue, $4,999,000; floating · debt, $5,232, 25; past-due coupons, $427,340; past-due interest on, certificates of indebtedness, $138,000; equipment notes, in which is ineluded interest to maturity, t87i,439; wharf notes, in which is ineluded interest to maturity, $287,935 ·, additions and improvements recommended by General Superintendent, $4,575,000; total, $16,531,739. As security were pledirnd Cent. of Ga. con sols for about$8,000,000, . Sav. & West. consols for $1,628,000, etc. STOCK..-Of the stock $1,220,000 is held by the Southern Railway Co-. $220,000 in its own name and $4,000,000 in the name or the Central. rrust Co., New York. For suit as to stock see V. 55, p. 422, 938. ANNUAL REPORT.-Fiscal year ends June 30. Report for 1893-94 -was in V. 60, p. 128. The following- tl.~ures are from an official statement made up in a form somewhat· di.tferent from that in the annual report, but showing, what the report does not, a comparison of resultawith the previous year. The net earnings of $1,8='>0,6'10 as below are to be credited witll "other income $134,235" and charged with the·· following disbursements: Interest on bonds, $294,000; other interest, $20,110; rentals, $236,551; taxes, $131,423; and some other items, leaving a balance to surplus of $1,227,34.4, but of course many charges additional remain unpaid. YEAR ENDING JUNE 30. , - - - -1894.------ , - - - - · 1 8 9 3 . - ~Gross. Net. Gross. Net. Main ltne . ........... 312 $2,522,935 $953,512 $2,588,410 $722,274 Augusta&Savannah 53 201,854 56,034 254,945 91,688 Southwestern RR . . 332 1,098,913 365,583 1,016,769 59,000-· SllvannHh& Western622 1,240,299 213,883 1,271,391 df.297,325 Savannah & Atlantio,18 16,258 5,439 23,089 def.16,874 Mont. & ~ufaula ..•... 80 205,808 def. 926 255,130 def.28,020 Mobile & Girard ..••. 122 217,671 76,433 207,925 11,532 Steamship Co's.......... 1,947,237 180,692 2,107,4.80 303,777  8·  Total.. ..........•..•. $7,450,975 $1,850,650 $7,725,139 $846,052" From July 1 to Nov. 30 (5 months), gross earnings of railroad system were $2,343,561 in 1894, against $2,351,901 in 1893; net, atk,r de--ducting taxes, $905,116 in 1894, against $677,493 in 1893. DIRECTORS.-The board re-elt>cted Jan. 7, 1895, is as f ••llows: H. M~ Comer, Abraham Vetsburg, George J. MUIR. J. B. Hobt, J. Hull• Henry R. J i< ckson, C . H. Phinizy, Evan P. Howell, U. B. Harrold, 8· R. Jaques, James Swann and W. S. Tiso 11. -(V. 57, p. 21. 59,105,144,375,468,595,638,851,893; V. 58. p. 43, . 263. 383, 512, 987, 988. 990, 1034; v. 59, p. 28, 277, 780, 835, 878, 1004; v. 60, p. 82, 128. Central KR. of Ne"W" Jersey.-(See MapJ-ROAD-Operates from. Jersey Cit.f , opposite New York City, wes terly to Wilkesba.rre and Scranton. Pa., an<I the neighboring antllncite coal fields; also south erly to the seashore resorts along the coast of New -Jersey, etc.: Lines ownedinfee. Miles. Nesquehoning Valley 1f ••••.••• IT Jersey City to Phillipsburg .... 72 Lehig-h & Susquehanna, PhilSundry branches ..............•. 8! lipsburgto Union June., eto.t.168"· Entfre str>ck owned. Wilkesbarre & Scranton 1T ...•. 5 Long Branch & Seashore. ...... 6 Lehigh & Lackawanna.1T ....... 31> New York & Long Branch RR., Other lines ... .• ... . . . . . . . ... . .• 9-· Perth Amboy to Ba.v Head ... 38 A.lleutown Term.(oper. jointly) 3 New Jersey Soutb'n RR., Long TrackageBranch to At ion, etc ........ 78 Uuion Coal RR................. ~ Other lilies (no deht) ......•.... 130 Pa. Pougll. & Boston........... 2·  Sav'h to Atlanta and branch. 312 Western of Alal.)ama1T.. .. . . .. 138 Savannah & Atlantic RR.... 181 Georgia RR. ,r ................. 314 Lines leased, etc.Port Royal & Augn•ta.,r .. ... 112 Augusta & Bavannah1f . .. . . . 53 Atlanta & West Point1T . . . . . • 87 Eatonton Branch RR........ 22 · Port Royal & West'n Carol.1f. 227 Southwest'n & Bram.:hos,gu.1f 332 Wrightsville & Tennille... . .. 35 Mobile & Girard,r ........... . 122 Upson County RR............ 16 Savannah & Western1T ..... .. 622 Gainesville J eff. & Southern. 65 Montgomery & Eufaula1T . . • . 80 Leased (mosllyfm•999yrs.JMUes. Macon & Northern1T ... . .. . . .. 105 Grand total. ................ 2,660 Ogden Mine 8.R. 1T . ............. 10 Total operated Jan. 1, 1894.666· 1T8ee statementsforeachco. 1T Bee thi8 company. t See Lehigh Coal & Nav. in "Misc. Companies.' .. Total system 11roper ..•..... l,666 Ocean 88. Co., est. equiv. of. 300   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  --1  24   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  INVESTORS'  SUPPLEMEN'I·.  [VOL, LX,  OF  NEW JERSEY AND CONNECTIONS.  RAILROAD STOCKS  JANUARY, 1895.J  AND BONDS.  Subscribers -will confer a great favor by giving hnmedlate notice of any error discovered In these Tables. RAILROADS.  Fer explanation of column headings, &c., see notes on first page of tables.  Oentral Railroad of New Jet·sey-(Ooncluded)-  N. J. So. 1st M., :L. Br. to Atsion,etc. (assumed) .c* Cent.RR.ofN.J., Gen.mort.for$50,000,000,g.,c&r Real estate bond and mortgages ............... . Lehigh Coal & Nav., mortgage, gold, assumed ... .  :~l~~~~u°-!:  Miles Date Size, or INTEREST OR DIVIDENDS. of of Par Ou~~~g Rate per When Where Payable, and by Stocks-Last Road. Bonds Value. Cent. Payable Whom. Dividend.  78 All.  Guaranteed BondsAm.Dock& Imp. Co. lst M., f;rU.,redeem. at 110... c~ N. Y.&L'gBr'hlstM.,red.ml899 at 110,gold.. . o* 38 Gen. M., for $2,500,000, g.,P.Amb.to B.Read.o* 38 Central of South Oarolina-Stook .................. . 40 1st mortgage, gold ................................ o Central Vermont-ConsolidatedRR. of Vt. 1st M .. . 185 Cent. Vt. 1st consol. M. f'lr $15,000,000, gold.c&r Malone & St. Lawrence, 1st mort., gold, guar.... St. Lawrence & Adirondack, 1st M., gold, guar .c Centralia ti Oheste1·-lst 1\1. $12,000 perm., gold.c" 70 Charleston ti Savannah-Stock ...... ............ ... . General mortga~e, gold ............. ... .. , ....... c~ 103 1st and 2d pref. me., $1,000,000 each, non·cum .. 103 Charleston Sumter ti Nm·th.-Receiver's Orrtifioates 1st mortgage, $15,000 per mile, gold ............ c 150 Ch,arlotte Oolumbia ti A.ugitsta-See SOUTHERN RY. Chartiers- tock .................. . ... _........... .. . 1st mortgage, guar. p. & i. by Penn. RR . . ... ... . o 23 Ohateaitgay RR.-Stock . ............................ . Ohateaugay R'y-lst M, Lyon Mt. to Saranac Lake Chattanooga Southern-Receivers' certificates ..... . 1st M. ($15,000 p. m.) gold ....................... o*  1879 $600 $Ul,000 1887 500 &c. 39,960,000 207,100 isi,1 500. &o. 2,310,000 1881 1882 1891 1881 1883 1892 1889  1,000 1,000 1,000 50 1,000 l00&o. 1,000 1,000 1,000  l,~gg  1886 1886  1,000 1,000  1890  i:ooo  1871  50 1,000  1887  100  1889  There are 261 milee of second and 29 miles of four tracks. With the Balt. & Ohio and the Phila . & Reading operates the " Blue Line" between Washington and th e Southwest and New York, the B. & 0. tracks being used to Philadelphia, the Reacting to Bound Brook and the Cen· tral N. J. to Jersey City. See also Lehigh & Hudson. HISTORY.-Chartered in 1849. From .May, 1883, to Ja.n. 1, 1887, leased to Philadelphia & Reacting. Receivers were in possession from Jan. 1, 1887, till January, 1888. Reorganized in 1887 without fore· closure-see plan V. 44, p. 714, 716. Operated from February to August, 1892, under lease by Port Reading RR. Co. Dividends were resumed August, 1889. and increased to 1 ¾ quarterly in August, 1891. Concerning coal properties see Lehigh & Wilkesb. in "Miscellaneous." DIVIDENDS.-ln 1883, llg per cent; in 1884, 4½!; in 1889, 3; 1n 1890, 6; in 1891, 6½!; from February, 1892, to Feb., 1895, both inclusive, 7 per cent, payable quarterly. BoNDs.-New Je1·sey Southeni 6s carry the endorsed guaranty of the New York & Long Branch. Central N. J. general 5s are reserved to retire them at maturitv. Total issue $1,500,600, all but $411,000 being held under the C'entral's general mortgage. Of the gene1·al mort. of I887 (see abstract of mort. V. 45, p . 402) $8,399,100 on Jan. 1, 1894, were reserved for the prior Cent. N. J. bonds and also for the following: N. J. Southern 6s, $411,000; Lehigh Coal & Navigation 6s of 1897, $2,310,000; Long Branch & Seashore 7s $1!!7,000. All tlle old bondR, it will be noticed, mature within a few years. There were also in Aug .. 1894, $1,640,900 general 5s available for other purposes. Interest on the general mortgage coupon bonds is payable J. & J.; on the reg. bondP Q.-J.; trustee is the Central Tr. Co. The N. Y. ct: Long B1·anch is leased jointly by the Central and the Penn. RR. at a g-uaranteed rental equal to interest on mortgage debt, 7 per cent ctividends on stock and organization expenses. Its first mortgage bowts are guaranteed principal and interest by the Central. which owns all its stock, and are so endorsed ; interest on "generals" is provided out of the rental guaranteed by the Central and the Penna. RR., and bonds are so endorsed. Of the general 5s $1,500,000 are reserved to retire the 5s of 1882. GENERAL FINANCES, &c.-The earnin~ capacity of this company increased largely after the reorgaruzation in 1888, but in 1894 the earnings wer~ izreatly affected by the bu;iiness depression. In 1893 $2,000,000 general mortgage 5 per cent bonds were sold for purchase of Tom's River & Waretown RR, for betterments, equipment, etc. In August, 1894, $1,500,000 more general 5s had been issued for advances to Lehigh & Wilkesbarre Coal Co. and general purposes. EARNINGS.-11 months, l 1891, gross, $11,208,532; net, $3,812,116. January 1 to Nov. 30. 51893, gross, $13,392,673; net, $5,391,902. ANNUAL REPORT-Fiscal year ends Dec. 31. Annual meeting is held on Friday next preceding second Monday in May. The report for 1893, in full, was in V. 58, p. 382, 390. (See also editorial, V. 58, p. 366.) Yea1· ending Dec. 31. 1891. 1892. 1893. Passenger and freight .......... $6,906,211 $7,310,422 $6,966,198 Anthracite coal................. 7,004,145 6,556,993 6,788,543 Mail, express, etc.... . .......... 291,411 351,132 472,709 N. Y. & L. B. Division.......... 451,920 497,689 485,233 Trackage . . . . . . . . . . . . . . . . . . . . . • . 255,273 Total gross earnings ........ $14,653,687 $14,716,236 $14,967,956 Operating expenses and taxes. 8,526,168 8,821,009 9,117,052 Netearnings ..............•. $6,127,519 Income from investments...... $844,628 Premium account............... 52,648  $5,895,227 $856,774 127,755  $5,850,904 $868,617 154,918  Total net income ..........•. $7,024,795 $6,879,756 $6,874,439 Rentals paid ..............•...•. $1,897,771 $1,839,442 $1,896,370 Interest on debt................ 2,739,579 2,709,929 2,839,279 Dividends ..•................. (6½)1,455,431 (7)1,572,725 (7)1,574,143 Balance, surplus . . . . . . . . . . . $932,014 $757,660 $564,647 - <V. 56, p. 82, 247, :~ 13, 330, 333, 538; V. 57, p. 422, 894; V. 58, p. 366, 382, 390; v. 59, p. 291.)  Central Vermont.-Operates from Rouse's Point at the north end of Lake Champlain across Vermont and Massachusetts to New London, Conn., on Long Island Sound, with branches. The system is made up as follows :  Road owned.  Miles.  Windsor to Ro urn's Point ...... .158 Essex Junction to Burlington.. 8 Swanton Junction to Province. 11 MontpeliertoWilli'mst'wn,&c. 16  Leased Lines- Con'd.  Miles.  J\Hssissquoi Valley ............. 28 Montreal Portland & Boston .. 40 Montreal & Vermont June ... 23 New London &Northern ,r ..... 121 Ogdensb. & L. Champ. & br. ,r . . 127 Total owned ................ 193 Rutland RR. ,r ......... .. . .... .. 120 Leasecl lines.-,i See these co's. Stanstead Shefford & Chambly 43 AddJ.son RR. . . . . . . . . . . . . . . . . . . . . 15 Brattleboro & Whitehall ....... 36 J Total operated June 30, '94 .. 772 Burlington & Lamoille......... 26 Of which was steel. ............ 705 HISTORY,-A consolidation in June, 1892, of the Central Vermont Vermont & Canada, Montpelier & White River and Consolidated Rail-' road of Vermont.   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  4,987,000 1,500,000 142,000 170,000 300,000 7,000,000 See text. 240,000 400,000 840,000 500,000 1,500,000 2,000,000 192,000 2,082,000  J. & J. N. Y., Liberty Nat. Bk. 6 5 g. See text. do do 5&6 Various N. Y., 143 Liberty St. 6 g. J.&D.15 Phila.,Leh.C.&Nav. Co.  July 15, 1899 July 1, 1987 Various dates Dec. 15, 1897  J. & J. N. Y., Cent. RR. of N. J. July 1, 1921 Dec. 1, 1931 do do Sept. 1, 1941 do do  5  5 g. .T. & D. 5 g. M. & 8.  ..6.g. 5 4 5 5 5  J. & J. N. Y., Cuyler, Morgan. J. & J. Boston, Am. L. & Tr. Co. do do g . J. & J. g. M. & 8. New York Agency. New York Agency. g. M . & 8. g. J. & J. N. Y., Farm. L. & Tr. Co.  1;  Juiy · ·i921 June 30, 1913 Jan. 1, 1943 Sept. 1, 1991 Moh. 1, 1981 July 1, 1919  ··7·g. J:·&··J. N.Y.,12·w:2a·&Cha'st'D Jan:·1,...i936 7  ... ..  ........ . .  Irredeemable.  Apr:. 2,· .i910  645,300 See text. A. & 0. ........ .. Oct. 1, 1894 500,0()0 7 A. & 0. Philadelphia,Penn.RR. Oct. 1, 1901 95,000 Aug.· 1,· .i907 Plattsburg, N. Y. 200,000 145,000 1,440,000  8TOCK.-Before consolidation Central Vermont had $1,000,000 stock and Consolidated of Vermont $750,000 pref. and $800,000 common. BoNDS.-Of the consolidated mortgage foiirs for $15,000,000 [trustee American Loan & Trust Co. of Boston] $7,000,000 are reserved for the retirerr:ent at maturity of the $7,000,000 fives due in 1913, and, if the trustee so requires, an adctitional $700,000 will be held for same purpose; $1,488,000were to replace certain temporary bonds and $2,500,000 to pay floating debt, the balance being issuable for permanent improvements on the system, etc. The mortgage covers the road owned and all interest in. leases and securities owntd. There are $450,000 of 6 per cent equipment bonds outstanding; about $25,000 are paid yearly. No consols sold to June 30, 1894. EARNINGS.-For three months ending Sept. 30, 1894, earnings were: Gross, $1,313,785; net, $456,512; charges, $371,075; balance, surplus, $85,437. ANNUAL REPORT.-Fiscal year ends June 30. Report for 1893·94 was tn V. 59, p. 1005; gross receipts, including steamer earnings, were: Gross Net Int., rentals, Og. Tran- Balance, Year. earnings. ea1·nings. taxes, di:c. sit Oo. stt-1·plus. 1893-4 .. $5,245,054 $1,586,059 $1,530,038 $50,508 $5,513 1892-3 .. 5,574,398 1,588,791 1,471,602 100,926 16,263 1891-2 .. 5,450,582 1,664,895 1,449,404 80,551 134,940 -(V. 53, p. 712,880; V. 56,p. 41; V. 57,p. 806,979 ; V. 59,p. 1004 • v. 60,p.42.) Centralia & Chester.-(SeeMap.J-Chartered to build from Chester, ID., to Altamont, Ill., with branch to a point opposite St. Genevieve; total distance, 140 miles. The section between Centralia and Evansville, 64½ miles, including sidings, is completed and in operation, and a branch from Sparta to Rosborough, 5¼ miles, is about finished. At Centralia conuection is made with the Illinois Central. Bonds authorized, $12,000 per mile, covering roadbed, equipment and terminal facilities. Stock issued and subscribed for like amount. The road is standard gauge and laid with 56-pound steel rails. Charleston Cincinnati &: Chlcago.-See OHIO RIVER &CHARLESTON. Charleston & Savannah.-Owns from opposite Charleston ► 8. C., to Central RR. at Savannah, Ga., 115 miles, and branch 6 miles ► all steel. Operates from Ashley Junction to Charleston, S. C., and Central RR. of Ueorgia, crossing to S. F. & W. Ry. at Southover, 11 miles. Branch to Waterooro, 8. C., 14 miles, is controlled in same interest but operated separately. Belongs to Plant system. See Sav. Fla. & West. BONDS.-Interest on first incomes: for 1888, l¼ per cent, for 1889,. 2; for 1890, 6; for 1891, 6; for 1892, 5; for 1893, 4 per cent (paid in April, 1894). EARNINGS.-5 months l 1894, gross, $202,591; net, $26,4~-l. July 1 to Nov. 30. 5 1893, gross, 193,278; net, 7,0.:>4. In year to June 30, 1894, gross, $615,616, agamst $625,397 in 1892•3; net, $120,922, ao-ainst $135,073; surplus over charges in 1893•94,. $23,262, against i32,033 in 1892-93.-(V. 54, p. 405; V. 56, p. 887; V. 58, p. 81.) Charleston Sumter & Northern.-Operates from Pregnalls · 8. C., to Gibson Station, N. C., on the Seaboard Air Line, 132 miles, and branches, 18 miles. Receiver appointecl Jan., 1892, and receivers' certificates for $300,000 authorized, of which $192,000 issued. Reorganization ln progress. Sale ordered for Feb. 15, 1895. In October, 1894, parties interested in the Wilmington & Weldon road had tecured anmterest in the Charleston Sumter & Northern. Mortgage trustee is Atlantic Trust Co. of New York. From Jan. 1 to Dec. 31, 1894 (12: months), gross earnings were $154,266, against $153,095 in 1893. In year encting June 30, 1893, gross, $165,478; deficit from operating,. $1,981. (V. 54, p. 525; V. 60, p. 130.) Charlotte Columbia & A.ugusta.-See SOUTHERN RAILWAY. Chartlers.-0wns from Mansfield, Pa., to Washinirton, Pa., 23 miles. Leased till 1971 to the Pittsbur__g Cincinnati & St. Louis (now Pittsburg Cincinnati Chicago & St. Louis); the rental is net earnings. In 1893 gross $281,638, against $2 77,967 in 1892; net, $131,710, against. $120,412; surplus over rentals and fixed charges, $65,882. Capital stock, $645,300 (par $50), of which the Pennsylvania Railroad owns $333,850. Dividends since 1886 as follows: In 1887, 1888 and 1889, 5 per cent; in 1890, 5½; in 1891, 7¼; in 1892, 8; in 1893, 10; in 1894► April, 5 p. c.; Oct., 5 p. c. Cb.ateaugay KK.-Operate:1 narrow•gau g~ road from Plattsburg N. Y., on the Delaware & Hudson, to Saranac Lake, in the Actirondack Mountains, 73 miles. Of this it owns from Dannemora to Lyon Mt., 18 miles, and leases the Chateaugay Railway, Lyon ·Mt. to SaranaoLake, 39 mile , and the Plat~sburg & Dannemora RR. (so called),. Plattsburg to Dannemora, 16 m. The latter road is leased from the State of N. Y. for one dollar and the free transportation of freio-ht to theState's Prison at Dannemora. The Chateaugay Railway is leased forintere ton its bonds. Built in interest of certain iron•mining company and to carry summer travel to the Adirondacks. In year 1892·93 gross earning~ $180,366; net, $64,132; rentals and taxes, $15,261; balance,. surplus, $48,871. Chateaugay Ry. has $168,000 stock outstanding. 1  INVESTORS' SUPPLEMENT.  [VOL.  LX.  ~· ""  ~  "! '?J ';J  MAP OF THE  CENTRALIA & CHESTER CAPE   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  JANUARY,  RAILROAD STOCKS AND BONDS.  1895]  27  Subscribers -will cont"er a great favor by giving ltntnedlate notice oC any error discovered In these Table•. Bonds-Prl.noi• RAILROADS. INTEREST OR DIVIDENDS. Miles Date Size,or Due. Amount Rate per When Where P-Miable, and by pal,When Par Outstd.nding of For explanation or column headings·, &c., see notea of Stocks-La.st on firpt- .,...,,ge of tables. Road. Bonds Value. Cent. Payable om. Dividend.  -  - - --- ---  Chattanooga Union- Becei ver's certifioates ........  .....  (11  ·--·  ..6.  $200,000 J. . ·&: .J. July,'91, coup. last paid Union Railway mo1tgages ......................... .... '85-'87 $i:c>"oo 1,000 400,000 6 g. J. & J. do do Chat. Union consol. mort. for $600,000, gold ... o* · ·-·· 1888 1,000 150,000 6 g. J. & J. 1890 do do Union De~ 1st M., g-uar. by Chat. Union, gold. 50 273,350 October Oheraw dl O ter-Stock........... .. ........ .. ..... . 29 Oct., '92, div. last paid. . ",j . 150,000 500 J. & J. July, '9:l, coup. last pd. 1st & 2d mortg-ages ($50,000 are 2ds) ....... . ..... 29 ...... 300,000 7 Oherry Valle'lj Sharon <I: Albany-lat mortgage .... .... 1869 . ......... J.rsD.r.5 ..... Ohester <I: Lenoir-Stock, com. ($49,000 is pref.) ... .... .......... ··-··· See221,700 text. See Mortgage bonds, 5 c. to Jan. 1, '98, then 6 p. c .. ...... 1,000 875,000 5 g. F.".&i A. In default. Ohu.dl Nash.-lstM., 25,000p.m.,,.,s.f.,notd'rn.c* 35 1,000 2,287,000 6 g. J. & J. N.Y.,J. P. Morgan & Co. Ohesafieake dl Ohio--Purch. money unding, gold.c* 428 1878 1,000 2,014,379 6 g. A. & 0. do do Mor gage 611, gold, series "A" See text .. . . . .. c* 503 1878 1,000 2,000,000 1st mort.,of 1911, Penin. Ext., gold. See text.c" 6 g. A. & O. do do 75 1881 142,000 6 g. J. & D. Ter'J lst m.,1922, covering 8 m., to Phoebus.g.c"" do do 8 1882 500 &c. 5 g. M.&N. do do let consol. m~rtgage for $30,000,000, !old .. c,.&r 655 1889 1,000 23,452,000 1,000 6,000,000 4 g. J. & J. Rich. &All Dtv. 1st consol. M., gold. ee text.o• 256 1890 do do 1,000 1,000,000 4 i;(. J. & J. 2d cons. M., Riehm. via. Lynchb'g to Clifton F. 256 1890 do do 1,000 650,000 5 g. J. & J. Craig Valley branch 1st mortgage, gold ........ o• 26 1890 do do 1,000 400,000 5 g. M.& 8. 22 1890 do do Warm Sprln~s Branch 1st mort a~e. gold ...... c* 1,000 22,145,000 do do 4½1g. M. & 8. General mo fge (for $70,000, 0 , etc.) gold.. c• 1,174 1892 1,000 3,007,000 5 g. M. & S. do do Eliza. Lex. & ig Bandy 1st m .. g., guar. Pc· &i..c* 109 1872 1,000 118,000 do do Var. Ches. & Ohio E~pment trust bonds, 0'0 d ...•. c* g. .V arious 145,000 Various do d-0 ~~Ph:~~tc:!tes~~~•631,202 Various do 6 do 820,000 Elevator Co. 1st M., gold,p. &i. guar. by C. & O.c* i:ooo 4 g. A. & 0. do do 1,000 315,000 2d mortgage, for $500,000, income, non-cum.c* 4 Oct. 1. 1888 1,000 170,000 6 g. M. &N. N.Y., J.P. Mor~an & Co. New River Bridge Bonds, /old..................... 1888 260,000 5 g. M. & S. Buck'am Br.RR.lstM., $1 ,000 p.m.,g.gu.,p.&i.c* Richmond. 1892 1.000 1,000 327,000 M.&N. Greenbrier & New River RR. bonds ............• ..... do ...... 5 Ohes. Ohio dl Southwestern. - 1,000 500,000 6&8 F. &A. See text. Paduc. & Ellz.,lstM.,s. t., dr'n at 100($300,000 8s) 186 1877 0  is117  ---· iss7 ------  $'  ·te.xt.  6  ~~::~_s_ ~: ~ -~~~ -~:::::::::::  .... --·· .... isss  0  --·  ·1s  . .......  ........... 4  g  --·-··  J'y/05:.J&n.'07 July 1, 1918 1920 Oot., 1892 July, 1897 June 15, 1899  I  Aug." i5,-i937 July 1, 1898 July 1, 1908 Jan. 1, 1911 June 1, 1929 May 1, 1939 Jan. 1, 1989 Jan. 1, 1989 July 1, 1940 Moh. 1, 194.l Moh. 1, 1992 Moh. 1, 1902 Various.  vm<>ns. 1, 1938  Oct. Oct. May Sept. Aug.  1, 1, 1, 1,  1988 1898 1942 1942  Feb. 1, 1897  I  Ohattanooga Southern.-Owns road, completed in June, 1891, from Tennessee State line to Gadsden, Ala., 86 miles; branches, 3 miles; trackage to Cbattanooga, 5 miles. In February, 1892, J. W. Burke was appointed receiver. Sale or road has been postponed till Jan. 31, 1895. Receiver's certificates for $255,000 have been authorized. Issued as in tahle, mainly for rollin~ stock and improvements. In year 1892-93 gross, $81>.308; net, $1,656. IV. M, p. 287. 485,886: V. 55, p. 722; V. 56, p. 578,710; V. 58, p. 222; V. 59, p. 919, 1103; V. 60, p. 130.) Ohattanooga Union.-Owns 43 miles of belt railroad in Chatta· nooga, Tenn., connecting the ten lines entering that city. H. S. Chamberlain appointed receiver in Feb., 1892. Majority consols deposited with Wm. H. Blackford, f Baltimore, Md., and large majority of underlying issues with H. W. Bartol, of Plliladelphia (Drexel Building)pending foreclost1l'e. Plan of reorganization of Messrs. B artol and Johnson for Union Ry. of Chattanooga calls for assessment of 40 p. c. on Union Ry. fi,·sts and 60 p. c. on seconds, and formation of new company. V. 59, p. 1006. Chattanooga lJnion ordered sold under foreclos1Lre or first mortgage. Receiver's certificates have btien is~ued. (V. 59. p . 1006.) Ohera-w & Chester.-Owns narrow-gauge road from Chester to Lancaster, S. C., 29 miles. Formerly leased to C. C. & A., but not included in Richmond Terminal reorg. plan as amended Feb. 20, 1894. President W. H. Hardin was made r eceiver in January, 1894. Cherry Valley Sharon & A.lbany.-Owns from Chnry Valley to Cobleskill, N. Y., 21 miles. In 1876 road was acquired (through .Albany & Susq.) by D. & H. Canal Co., which ;now operates it. Operations included in Albany & Susq. reporcs, Stock, $289,100; par, $50. Ohester & Lenolr.-Narrow-gauge road from Chester, S. C., to Lenoir,N. C., 109 miles.of which 99 mile~ is owned. Formerly leased to C. 0. & A., but not included in Richmond Terminal as amended Feb. 20, 1894. Receivers were appointed in January, 1894, but March 10 the road was ag-ain turned over to the company. Extension to Cranherry, about 60 miles, is said to lH: 1mder consideration. REORGA.NIZATION.-Plan of June, 1894. provides for is sue of (1.) new com. stock, $172,700, in exchange for old com. at 50 p. c. (2.) New preferred 5 p. c. non cum, $49,000, given for two years' interest due on 1st mortgage bonds. (3.) New mortgage bonds, $400,000, at 5 p. c. for three years from Jan, 1, 1895, and 6 p c. ther('after; $350,000 to replace old bouds and $50,000 to build road Newton to Hickory, 10 miles. Bondholders aireed to accept 212 p. c. interest on bonds for coupon (3½1 p. c.) due Jan. 1, 1895. olt%~ t~°:deh~}d~r~~s been accepted by the stookholdera and a majority Ohesapeake & Nashvllle.-Road owned from Gallatin to Scottsville, Ky., 66 miles, and branch, GaUatin to Hartsville, 12 miles, in pr~gress. On December 8, 1890, Gen. john Echols was appointed receiver. See V. 51, p. 829. Stock, $1.050,000; par, $100. In year 1892-93 gross earnings on 36 miles, $54,405; net, $13,389, against $11,761 in 1891-92; p ayments, $4,942. Ohesapeake & Ohio.-( See M~p.J-Operates from Newport News, Va., and Washington, D. C., to Cincinnati, Ohio, with bL·anches.  Lines owned in f ee-  Miles.  Lines contr'd by stock, etc. Miles-  Old Point Comfort and NewBridges-Coving-ton, Ky., to port News via UharlottesCinoinnati, Ohio . .'... . ..... . 2 ville to Ashland, Ky .... . ... 519 Elizabethtown Lexington & Ric~mond via Lynchburg to Big Sandy RR. .......... ... . 103 Cltrton Forge, Va....... . ... 232 Sundry branches....... . . . . . . 248 Lines controlled b'IJ stock, etc.Trackage to Washington..... 85 Maysville & Big Sandy RR. Leased........... . .... .. ..... . 30 .Ashland, Ky., to Covington, 144 1,363 Of the above mileage 19mlles is narro w-~~uge road. Of the "leased'' 21 miles is on E. L. & B. S. and 9 miles on washin~ton line. HISTORY, &c.-The former Chesapeake & Ohio was sold in loreclosure April 2, 1878, and this company organized. In 1888, under the direction of Drexel, Morgan & Co., reorganized without foreclosure, and the road extended to Cincinnati. The consolidation with the Richmond & Alle~hany was consummated in January, 1890. The Elizabeth· town Lexin~n & BiO' Sandy and other roads were absorbed in 1892. In September, 189::J, the Chesapeake & Ohio Steamship Co., controlled by this company, began operations. See below and V. 55, p. 1078. On Jan. 1, 1894, the voting trust expired. The road is operated in )larmony with the Cleveland Cincinnati Chicago & St. Louis. · CAPlTAL STOCK.-Common stock is $60,469,100; increased from .$45,000,000 to this figure in 1892-93 tllrough exchange of practically .all the $-l5,000,000 of preferred stocks for common stock an<l ~enera.1 .morte;a~e 412 per cents in certain proportions. First p1·eferred for :~,700 and xecond preferred for $57,600 only was outstanding July 1, 189-!. See terms of exchange in V. 54., p. 642. BONDS.-The series A. bonds of 1878 cover. subject to the purchase money 6s. the main line f1·om Richmond, Va., via Cllarlottesville to Ashland, Ky, 4-l8 miles. and are equally secured with tile Peninsttlar Extension 6s by tlrstmortgage on extension to Newport News, 75 miles. The consfJlidatea mortgage due in 1939 is for $30,000,000 (trustee, Central Trust Company), and sutttcient bonds are reserved to provide for prior liens. This mortgage is also secured by deposit in ,.trust of the $11,000,000 bonds and two-thirds or the stock of the Mays-   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  ville & Big Bandy RR., Ashland to Covington, Ky., and the Bridge to Cincinnati, all owned by the Ches. & O. RR. (See abstract, V. 49, p. 147.) Richmond & Allegheny Division bonds cover the important freight route from Richmond via Lynchburg to Clifton Forge and branches. All carry-! p. c. from January, 189-! (Mort. abstracts, V. 51, p. 144.) The generat mortgage of 1892 (Central Trust Co. and H. T. Wickham trustees) is for $70,000,000, but additional amounts at $25,000 per mile may be issued for double-tracking. or the $70,000,000 as above, $32,691,000 bonds were reserved to provide for tile $30,000,000 consols of 1889, issued or to be issued, etc. The balance unissued may be sold for new acquisitions, rolling stock, etc., but not more than $2,000,000 thereof in any one year. The mort~age covers the entire property or the company, real and personal, at the time the deed was made, and all add ,tional property and mileage acquired with the proceeds of the bonds. See full abstra-ct of mortgage in V. 54, p. 644; also V. 54, p. 642; V. 55, p. 335. In January, 1895, $21,786,000, had been listed on New York Stock Exchange, The Elizabelht'n Lexington fl Big Sandy first mortgage bonds, interest on which has been reduced to 5 per cent, have been endorsed with the C. & 0. guaranty of principal and interest, and general mortgage bonds have been set aside to retire them at maturity. There are also Man• chester City 8s, $60,200, and 5s, $36,000. OPERA.TlONS, FINANCES, &c.-Since the reorganiz ation in 1888, when the control of the company was placed for five years in the hands of trustees, the property has been greatly enlarged and improved. It 18 operated in harmony with the Vanderbilt lines. The funded debt during the year 1893-94 was increased $2,564,353 for improvements, equipment, etc. June 30, 189-!, the company reported $1,952,598 bills payable issued to pay subscription to stock of new steamship line between .S-ewport News and Liverpool and improvements, against which there were $2,241,000 general 4 ½!s in Treasury; $2,112,000 were sold in September. This line, formally opened Sept. 7, 1893, has wharves at Newport News and sh: new st1:1amers. Stockholders' meeting will be held Feb. 25 to authorize Joint and several guaranty with the C. u. 0. & St. L. of Louisville & J efl'ersonville bridge bonds, a:tfording entrance into Louisville. (Stie V. 60. p. 130.) It is contemplated that the joint and several guaranty or the Bridge Company bonds (of which noli more than $4,000,000 in all are now to be issued) shall oe in the proportion of two-thirds by the Cleveland Cincinnati Chicago & St. Louis and one-third l>y the Cllesapeak~ & Obio. It is not expected that this ~uaranty will impose any burden on the rail way companies, as, at ordinary rates for traffic, the bridge and ite termiuals should be self-sustaining. In view of the great importance of Louisville as a traffic centre, the arrangement has the entire approval of the board of directors. EARNINGS.-5 months, ( 1894, gross, $4,20t,928; net, $1,448,296. July 1 to Nov. 30. 5 1893, gross, $4,200,201; net, $1,487,647. ANNUAL REPORT.-Fiscal year ends June 30. Annual meeting ls held at Richmond on the Tuesday preceding the last Tuesday in October. Report for 1893-9-1 was given in full in V. 59, p. 331 an~ 332, and showed the following. See also editorial p. 309. 1894. Year ending June 301892. 1893. 1,363 Miles operated............ 1,078 1,277 $2,011,977 Passenger earnings....... $1,913,187 $2,356,975 6,630,201 Freight.................... 6,694,953 7,565,511 401,930 Express, mail and miscel. 396,460 414,324  -----  - $9,044,108 -- - -  $9,004,600 6,731,732 (75)  $10,336,810 7,132,761  Net earnings.......... Other income ..•..•....•..  $2,272,868  $3,204,049 23,680  $3,016,981 13,3ti6  Total net income.... • [nterest on bonds......... Rentals of tracks net..... Loss on grain elevator.... Discount and exch'ge, &c.  $2,272,868 $1,798,095 10,916 8,165 64,372  $3,227,729 $2,738,304 er. 14,411 47,374  $3,030,347 $2,9 !8,112 2,622 9,789 50,964  Total earnings........ Oper. expenses and taxes. Per ct. expenses to earns..  -----  (6\J)  6,027,127 (67)  Balance ....•..........• Sur.$391,320 $427,6-!0 $18,860 -(V. 57, p. 278, '197, 300,422, 469, 938. 1122, 1123; V. 58, p. 816; V 59, p. 151, 309,331,332,476,541, 1103; V. 60, p. 130.) Chesapeake Ohio & Sou.th,ve~teru.-Luu18vtll1:1, Ky., to Mem phis, Tenn., 392 miles, and brancb. Eliaabetlltowu to Cecilian junction 6 miles, 398 miles; of which is Leased from Louisville & Nasllville their Oecillan branch, 46 mUes. Also operated separately the Ollio Valley Ry., Hopkinsville via Princeton to Evanoville, Ky., branches, ~c., 160 miles.; and tile Hud~enwille & Elizabetlltown an·l tile Troy Tiptonville railroads, 16 miles in all, mo tor wllose securities are owned. HISTORY.-rhe Newport News & Mississippi Valley Co., formerly con· trolling and operatin~ this company, tn Novemller. 11303 , s ,,Ld 11is interest to the mrnois C,rntral on a deal m-t.de jointly with the Louisville & Na,ihville. See l>elnw. (V. 57, p . l0d ,3). 1u D ecember, 1893, preparatory to a tran'ifor to the Centra.i, Messrs. Jollu E llols a.ncl St. Joun Boyle wt1re appointed receivers of C. 0. & S. W. In Jtrne, 1894, tile court8 decided that control of C. 0. & S. W. by L. & N. would be unconstitutional: V. 59, p. 28. In 1891 purchased $1,297,500 (60%) oi:   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  MAP OF TUE  CHESAPEAKE & OHIO RAILWAY  ~  oc  AND ITS CONNE.CTIONS  ~  t_:r:j  m  1-3 0  ~ ~  00  ~  1-d 1-d  ~  ~  t_.:rj  ~  ~  :a 0  r """' ~  .RAIL.ROAD  JANUARY, 1895,l  STOCKS AND BONDS.  29  Sub111crlbers "W"lll con.fer a great tav-or by giving lnunedlate notice of any error discovered In these Tables.  RAILROADS.  For explanation of column headings, &c., see notes on first page of tables.  Bonds- Prinol INTEREST OR DIVIDENDS. Miles Date Size,or When Due Amount Rate per When Where Payable, and by pal, of of Par Outstanding Stocks-Last Road. Bonds Value. Cent. Payable Whom. Dividend.  ---- ----  Chesapeake Ohio cf: Southwestern-(Ooncluded.)C. 0. & S. W. 1st mort., gold ($19,000 per mile).c' 352 1881 $1,000 1,000 2d mortgage ($11,000 per mile).·-· ·-···---··c* 352 1881 Equipment trust bonds, not drawn ........... c* .... -·-· 1,000 Chicago cf: Alton-Common stock .................... .... 100 -·-· Preferred stock (7percent yearly not cumulative) 100 Oen. M., .Joliet to E. St. Louis & br., sterling ... c* 322 isfa 1,000 8.f. bonds (K. C.St.L. &C. lst:M. col.) old,not dr'n. c* 162 1878 1,000 Kansas City St. L. & C. pref. stoc , guaranteed .. 162 100 ---Joliet & Chic., 7 p.c. stock,perpet.,guar. by C.&A. 100 38 1't. L . .Jack. & Ch., 2d M. (now 1st), end. by C. & A. 1,000 37 is6s 2d mortgage,Bloomin~ton to Godfrey,assumed 150 1868 1,000 Louisiana & Mo., guaranteed preferred stock .... 101 ..... . 100 1st mort. bonds, assumed by Chic. & Alton ...•. 101 1870 1,000 1st mort. (interest guaranteed Chic. & Alton) . . 101 1870 1,000 Do do (special account) ....................... 101 1,000 -- ·· 2d mort. (interest guaranteed Chicago & Alton) 101 1877 1,000 Miss. River Bridge, stock (7 per ct. ~ar. (C.&A) .. ....... 1st M.,gold, assumed, sink.fund, 'natl00 .. c* 1,000 i877 011,icago Burling/or. <f: Northern-Stock .............. ---100 1st mortgage, sink'g fund, redeemable at 105 .. c* 363 i886 500 &c. 2d M. ($10,000 ¥-· m.) red. after May 31, 1898 .. c* 363 1888 1,000 Ten.year deben ures ............................. c* ---· 1886 1,000 Equipment mortgage-see text ........•........•.. ).888 1,000 Ohicago Burlington & Quincy-Stock, see text ...... ---· 100 Con. M. cov'ng Ch. Term. (now 1st lien) see text.c.,. 757 is1s 1,000 Plain bonds .............. , ..... .. .............. c* ---- 1871 1,000 Sinking fund bonds, (1st M. as coll.) not dr'n.c* 1,000 33 1875 Sink. fund bonds (1st M. as coll.) not dr'n.c*&r 28611876 1,000  •f  ---· ----  $6,176,000 3,865,000 685,000 18,751,100 3,479,500 4,379,850 1,853,000 1,750,000 1,500,000 188,000 42,000 329,000 439,000 1,287,000 59,000 300,000 300,000 563,000 9,665,000 8,334,500 2,215,000 935,000 908,000 92,002,700 26,677,000 547,500 330,000 2,315,000  6 g. 6 6 8 per an. 8 per an. 6 g. 6 g. 6 per an. 7 per an. 7 7 7 per an. 7 7 7 7 7 per an. 6 g.  ··if 6 6 5 See text. 7 7 5 5  F. & A. See text. F. & A. Auu., '93, coup. last p'd. Semi-an New York City. Q.-M. { N.Y.,Cuyler,Mofi,'n} Q.-M. &Co &Chic.Tr.O ce J. & .J. Lond'n,J.S.Morgan&Co. M.&N. N. Y., Cuyler,Morg.&Co. do do 8.-F. .-.J. N. Y., U. 8. Trust Co. .J. & .J. N. Y.,Cuyler,Morg.&Co. .J. & .J. do do F. & A. do do F. & A. do do F. & A. do do F. & A. do do M.&N. do do .J. & .J. Chic., Treasurer's Office A. & 0. N.Y.,Cuyler,Morg.& Co.  Aug. 1, 1911 Aug. 1, 1911 .June,1901 Dec. 1, 1894 Dec. 1, 1894 .July 1, 1903 May 1, 1903 Nov. 1, 1894 .Jan., 1895 July 1, 1898 .July 1, 1898 Aug. 1, 1894 Aug. 1, 1900 Aug. 1, 1900 Aug. 1, 1900 Nov. 1, 1900 • .Jan., 1895 Oct. 1, 1912  A:·&··o. .J. & D. .J. & D. F. & A. Q.-M. .J. & .J. .J. & .J. .J. & D. A. & 0.  Apr:· .i926 .June 1, 1918 Dec. 1, 189'8 Feb. 1, 1903 Dec. 15, 1894 .July 1, 1903 .Jan. 1, 1896 .June 1, 1895 Oct. 1, 1901  N.Y., F.L:&T:co·.&Bost. do do do do do do N. Y., Boston and Chic. N.Y., Bk.ofCom.&Bost. do do Boston, Co.'s Office. N. Y., Bk.of Com.& Bost.  Ohio Valley stock, guaranteeing its $2,162. ,000 bonds; V. 52, p. 321, 71. In August, 1892, a controlling interest in Owensboro Falls of Rough & Green River RR. was purchased by Ches. 0. & S. W. parties. 6ECURITIES. -Common stock, $6,030,600, and preferred $3,860,000 '($164,000 additional unissued). In May, 1894, $80,000 receivers' certificates were authorized. In December, 1893, the Illinois C1mtrttl pledged as part security for its collateral trust 4 per cent bonds of 1904 lfirst issue $5,000,000] $5,714,200 common and $3,511,600 preferred stock, $2,369,000 of the 2d 61', $470,000 equipment trust bonds, $779,970 over-due cou• pons of the 2d 6s and equip 1uent bonds, and $1,783,544 of floating debt formerly due by the C. & O. 8. W. to C. P. Huntington and the Newport News Co. The courts having denied the right of the L. & N. to operate the C. 0. & S. W., tbe Illinois Central has l:lSsumed f ole responsibility for tb,e purchase oft e road a11d h ns purchaRed nea1ly tbe entn e Issue of C. O. & 8. W. firsts-me V. 59, p. 1006; V. 60, p. 42. The Illinois Central loan is for $12,750,000, and $1,500,000 can be issued only to take up additional O. O. & S. W. 2d 6s and certain other bonds, and $6,250,000 only for a like amount of Ohes. 0. & s. W. fi,1·sts.  1;  / St. Louis. Its leased lines are as completely controlled as if owned, and the system is very conservatively managed, no extensions · having been built or new lines acquired of recent years. Since the year _1883 $2,371,703 in~ome has been expended in the purchase of additional real estate, rollrng stock, et~., and the bonded debt has been reduced by the purchase and cancellation of $799,000 of bonds. ANNUAL REPORT.-Fiscal year ends December 31. The annual meet ing is held in Chicago the first Monday in April. Annual report for 1893 · v 58 304 323 was In · ' p. ' · 1891. 1892. 1893. 3 T!:~rgre~~!nlaf~g!$1,o\8l.~54 $7,590,881 $7,730,610 $7,566,639 Net earnin~s ..•.. ... $2,683,754 $3,132,131 $2,92i,811 $2,910,750 272,866 Other receipts....... 273,497 272,567 305,336 305,917 Prem's on new stock. 131 ----Total receipts ..••. $2,957,251 $3,404 69~ $3,501,594 $3,iI6,217 R t 18 ·d $652 411 $674,722 $674,053 $658,892 en ta pai · · · · · · · · · 200,220 238,841 217,833 1 8 4 ', 271 Cona ruct.,equip.,&c. lnterest on debt..... 816,161 810,387 804,108 632,037 1,407,560 1,582,386 COUPONS.-Coupons due Feb. 1, 1894, on Paducah & Eliz. firsts and Dividends ........ •··· 1,407,560 1,407,560 88,742 169,986 57,342 C. O. & S. W. firsts were bought by Speyer & Co., N. Y., for account of Miscellaneous........ 189,227 ---the Illinois Central RR. Of tbe ·e tbe C. 0. & S. W. coupons were paid Balance ............ def.$292,379 sr.$223,067 sur.$207.046 sur.$72,727 by tbe receivers in January, 1805, with interest. V. 60, p. 42. August, 1894, coupons on Pad. & E. lsts and C. 0. & 8. W. lsts were not paid. - (V. 56, p. 329,356; V. 57, p. 217,468; V. 58, p. 82, 304, 323; V. V. 59, p. 331. In Jan., 1895, second mortgage trustee petitioned for 59, p. 737, 780, 835, 878, 1057.) payment of first mortgage interest to prevent six months' default. V. Chicago Burlington & N 01·thern.-Owns from Oregon, Ill. 60, p. 130. to St. Paul, Minn., 318 miles; Fulton to Savanna, Ill., 17 miles; branches EARNINGS.-11 mos. ?. 1894, gross, $1,975,872; net, $692,730. 6 miles; trackage to Minneapolis, etc., 30miles; total, 371 miles. Com.Jan. 1 to Nov. 30. 51893, gross, $2,130,947; net, $750,711. pleted Aug., 1886. Stock authorized $12,000,000; par, $100; outstandANNUAL REPORT.-Fiscal year changed to end June 30. Report for ing in .Jauuary, 1895, $9,665,000, of which C. B. & Q. owned $9,555,600. (See V. 50, p. 390.) year 189.1 -92 in V. 55, p. 855. YearG'ross earns. Net Other inc. Int., etc. Balance. BONDS.-The C. B. & Q. and Chicago & Iowa give a traffic guarantee 1892·93 ...... $2,410,208 $847,822 . .. .. ... . . ... ... . . ..... . for 20 years from '85 of one-half of their net earnings derived from busi• 1.891-92 .•.... 2,297,825 823,156 $45,528 $889,303 def. $18,619 ness to and from the Northern (to be not less than $100,000 per year) 1890·91 . . . . . . 2,311,280 739,428 for the retirement of Chicago Burlington & Northern .firsts at 105; and -(V.57,p.218,510,763,1039,1082,1083,1122; V.58,p. 127, V.59 after March 31, 1896, the whole issue may be retired at 105. The equipment bonds were called for payment at 105 on Feb. 1, 1893, p. 28, 331, 878, 1006; v. 60, p. 42, 130.) and holders given the privilege of retaining their bonds upon a~reeing Chlcao-o & Alton.-RoAD-Operates from Chicago to St. Louil', to 5 per cent interest and the waiving of the sinking fund provis10n. Kamas City, etc., owning 542 miles and operating in all 843 miles, of E.A.RNINGS.-11 mos, S 1894, gross $1,692,818; net $504,578. which 110 miles double track. Lines OwnedMiles. Lines LeasedrMiles• .January 1 to Nov. 30, ?. 1893, gross $2,195,774; net $784,419. In 1893 ~oss earnings were $2,361,155; net, $848,070; rentals, .Joliet to East St. Louis ......... 244 Joliet & ChicagoDwight to Wash. and Lacon ... 80 Chicago to Joliet .............. 37 $114,895; mterest, $681,994; taxes, $89,128; halance, deficit for year, $37,947. In 1892 gross, $2,208,972; net, $807,938. (V. 52, p. St. L. Jack. & Chic. DivisionLouisiana & M.issouri Riv.-• Bloomington to Godfrey ...•. 150 Louisiana to CedarCity .. .... 101 641; V 55, p. 215.) Rood house to 9uincy .June.... 37 Kan. City St. L. & ChicagoChicago Burlington & Q.ulncy.-(See Map.J-R0AD.-Operates Joliet to Coal City, etc.......... 25 Mexico to Kansas City ....... 162 a great system of roads extending from Chicago westerly, reaching St. -Other lines. . . . . . . . . . . . . . . . . . . . . . 6 Mississippi Riyer Bridge .... ... 113 Paul and Minneapolis, Minn., St. Louis and Kansas City, Mo., Omaha, Neb., Denver, Col., and Cheyenne and the Black Hills in Wyoming. Total of all (70 lb. Btf el) ..... 843 The acoompanying map shows clearly the lines of this system. Road owned, leased, etc. Miles. , Oontrotl'd-op.separately. tMiles. HISTORY.-Reorgan.ized in October, 1862, after foreclosure. In 1884 Chicago to Denver, Col. ...... 1,024 St. Louis K. & N.W.(see below)225 eonsolidated with the St. Louis .Jacksonville & Chicago RR. Kan. C. St. J. & Conn. Blu.ffs,rChicago Burl. & Kansas City .• 195 8T0CK.-8tock for $2,185,900 was sold to stockholders at 114, to Kan. C. to Conn. Bluffs, etc. 316 Humeston & Shenandoah, half retire $2,383,000 of 7 per cent bonds due January 1, 1893. In August, branches, and leased interest with Wabash ........ 95 1893, the company sold $2,450,200 new stock to stockholders at Other lines, practically owned .... 4,103 Chicago Burl. & Northern .... ,r 371 1.14 to retire $2,929,000 7 per cent bonds due April 1, 1894. The Chicago & Alton preferred stock has pr1or right to a non-cumUla• Used jointly with other Co.'s. 1531 Hannibal & St. .Joseph ....... ,r 295 18 tive dividend not exceeding 7 per cent from net earnings and (afte1 SheridantoBillings (seebel'w) 129 Trackage,No. Pac ........ 0 • • • System proper .....•....... 5,725 payment of 7 on common) also shares with common in any surplus. Second track, 297 miles; thir<1 track, 30. DIVIDENDS since 1879-In 1880, preferred 7, common 612; in 1881, ,r These properties 1t,re separately described in this SUPPLEME:NT. both 8; in 1882, both 8; in 1883, both 8; in 1884, both 10; from 1885 t Of this mileage 59 miles are already included in the system proper to Dec., 1894, both inclusive, both 8 (2 per cent quarterly.) and 10~ miles are trackage outside of system. LEASED LINES.-The Kansas Oity St. Louis & Ohicago is leased in per• In 1893 road was extended to Spearfish in St>uth Dakota, 32 miles, petuity from Nov. 1, 1877, at rental of 35 per cent of gross earnings. and to Alger in Wyoming, 8 miles The St. L. Keokuk & N. W., Its bonds are held by the U. 8. Trust Co. as security for the Chicago was extended in 1894, so as to afford entrance into St. Louis. & Alton bonds of 1878, which have a sinking fund of $60,000 per annum. Extension from Sheridan to Billings, on Nor. Pac. 147 miles, was ,Common stor-k , $271,700, of which $157,600 is owned by the C. & A. opened for business Oct. 28, 1894. For 18 miles out from Billings The Joliet & Ohicago is leased from .January 1, 1864, for the term 01 its tracks of No. Pac. RR. are used. V. 59, p. 737. -charter, and forms part of the main line. Rental, 7 per cent on stock. ORGANIZATIO~ &c.-This was a consolidation in .July, 1875, of the The Louisiana & Missouri River RR. is leased for 1,000 years. Under the lea-e as modified Nov. 13, 1894, the Alton assumes to pay Chicago BurlingLOn & Quincy in Illinois and the Burlin~on & Missouri all interest on thP L. & M. R. first and second mortgage bonds and tbeir River in Iowa. In 1880 the Burlington & Missouri m Nebraska was J) incipal when due, also 7 p. c. per annum on the guaranteedprefe red 'l.bsorbed. The leased lines are practically owned and there is no charge stock. Tbe Alton also agrees to purchase the L. & M. R. un~uarauteed for rentals in the income account, except as interest on bonds. The preferred at l!;29 50 per share aud the c ommon at $10 per share. V. ownership in the other roads above-mentioned is in the stocks and .59, p. 1057. U11guaranteed preferred stock is $1,010,000 and common oonds thereof, and their accounts are kept separate . -$2,272,700, neither of which have ever paid dividends. Rental in 1893, LANDS.-The lands have mostly been sold, but 46,535 acres remain:$140,897, against $161,468 in 1892. In Nov., 1894: a controlling in- Ing; land notes outstanding, including interest payable, $515,942. -terest in La. & Mo. River stock was purchased by Chicago & Alton. V. CAPITAL 8T0CK.-The stock has been increased for the acquisition .59, p. 878. The Mississippi River Bridge is leased in perpetuity from Dec, 3, 1877, of new lines, and in 1880 a distribution of 20 per cent was made. Stock .at 7 p. c. on $300,000 stock (all owned by C. & A.) and 6 p. c. on: bonde. for $5,595,300 was sold at par to stockholders in February, 1893 . v. 59, p. 423. DIVIDENDS.-From 1881 to 1887 inclusive, 8; in 1888, 5; in GENERAL FINANCES.-The Chicago & Alton Road has been par• t889, 4; in 1890, 5; in 1891, 414; in 1892, 5 . in 1893, 5; in 1894, March, ticularly strong in having a large local business between Chicago and 114 p. c.; June, 114 p. c.; Sept. 114 p. c.; Dec., 1 p. c.   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  I I   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  MAP O F THE  II ~  CHICAGO.  BURLINGTON & QUINCY RAILROAD  ~  ~  rJ.)  ~  C  pj  l'i2 00  ~ ~ t;tj  ~  z  -~  <i  0  r  ,-  1, ~  J.ANUARY,  1895. l  RAILROAD STOOKS AND BONDS.  31  Subscribers ff'tll conCer a great f'avor by giving Immediate notice of' any error discovered In these Tables. Bonds-Prino1 RAILROADS. INTEREST OF DIVIDENDS. Miles Date Size,or pal,When Due. Amount Por explanation of column headings, &c., see notes of of Par Outsta.nding Rate f.er When Where P~able, and by Stocks-La.at Road. Bonds Value. . on first page of tables. Cen . Payable om. Dividend.  ---  Ohicaio Burlington & Quincy-(Oonclitded)-  l  Ch. url. &Q. Iowa Div., s.f. 5s,drawnat105 .. } 787 5 A. & O. N. Y., Bk.of Com.& Bost. 1879 $1,000 $2,861,000 1879 1,000 7,766,000 Iowa Div., s. f. mortfffie4s, drawnatlOO.c&r 4 A. & 0. do do Bink. fund4s (for B. . W.) drawn at 100.c&r'" 1881 1,000 4,300,000 M.& B. 4 do do Denver exten. ·(collat. tr.) b'ds, s.f. dr'n at 100.c'" 1881 1,000 7,968.000 4 F. & A.. do do Ch. Burl. & Q. Debentures for Han. &St.Jostk.c* 1883 1,000 9,000,000 M.&N. 5 do do Nebraska ext.,$20~0 p. m. (s. f., notdr'n).c*&r l,432 1887 l,OOO&o 27,376,000 4 M. & N. do do Convertible deb en es (See remarks) .•••••.... 1890-2 lOO &c. 15,263,900 M. & S. 5 do do Omaha & 8. W.., 1st mo~age, ~aranteed ..•.•. o* ·49 1871 1,000 669,000 J. & D. Boston, Co.'s Office. 8 Nebraska Railway conso date mort, ~ar ...... o 132 1877 349,000 A. & 0. 7 do do B.& Mo.RR. in Neb. Land grant, s. f., . at 100} 628 !1878 6Jti~. 7,789,400 6 J. & J. Boston, Bk. of Com'rce. Con.M$14000000 Exempt, not dr'n till 1908 1878 600 &c. 5,000,000 6 J. & J. do do Burl. & Mo. RR. in Neb., s. f. for At.&Neb.RR.st'k .. 1880 1,000 3,347,000 4 J. & J. do do 1,000 juinoy Alton & St. L. (leased) 1st mort~a~e .... o* .46 1876 840,000 F. & A. N. Y., F.L.&T.Co.& Bost. 5 ~Val.R.,lstM.g.,(dr.atlOO)s.f.,$14, 0 yr'ly.o 90 1879 600 &c. 1,078,000 6 J. & J. Boston, Bk. of Com'rce. O wa Oswego & Fox River, 1st mortgage .... o• 70 1870 1,000 1,076,000 J. & J. N. Y., F.L.&T.Co.& Bost. 8 80 '69-'71 1,000 Chicago & Iowa 1st and 2d mort~ages ............ See text. J. & J. do 8 do Chicago Rockford & Northern ls mortgage ...•.. 24 1875 Bee text. A. & O. do 8 do Atch. &Neb., lstM., At. to Lin., Neb., etc., /f:;ar .o* 148 1878 100·&0. 1,125,000 M.& 8. Boston, Bk. of Com'rce. 7 2d mort. on Atch. & Neb. RR. (1st M. on ridge) 148 1887 See text. Boston. J. & D. 6 73 1880 Linc'n&N.W.RR.lstM.£uar.,!.f·}l·c.,notdr'n •• 1:000 600,000 J. & J. Boston Co.'s Office. 7 1890 B. & j· Svstem-St. L. eokuk & • W. 1st M .... Bee text. F. & A . Boston, C. B. & Q. office 6 ·ioo 6,197,800 Ohic. cl ast. Illinois-Com. stock ($15,000 p. mile). . ... Preferred stock, 6 per cent ($10 000 per mile) .... 100 , 4,830,700 6 pei-aii. Q~.::j. N.Y., Hanover Nat. B'k 1st mort. (s. f. $20,000, no dra;Gi.gs) ............ o• ioi 1877 100 &o. 2,989,000 J. & D. N.Y.,4thNat.Bk.&Bost. 6 Danville&GrapeCreekRR.-lst M., as1mmed .. c• 7 1880 1,000 119,000 M.&N. Boston. Globe Nat. Bk. 6 15 1881 Extension, 1st mortgaie ........................ o• 1,000 103,000 J. & D. N. Y.,FourthNat.Bank. 6 Consol. mortgage (for$ ,000,000),!old s. f ..... o• 127 1884 1,000 2,788,000 6 g. A. & 0. N. Y., Central Trust Co. Collateral trust bonds, sinking fun ............ o• 1,000 1887 42,000 do do g. F. & A. General consolidated and first mortgage ...... o&r 256 1887 l,OOO&o 7,393,000 M.&N. do do Chic.&Ind.Coal-lstM. $25,000p. m., assumed.c* 174 1886 1,000 4,626,000 J. & J. N. Y., Met. Trust Co. 5  ,·is  !  o.  .... ....  g  BINK.ING FUNDS,-Included in -the bonds outstanding in the table above are sundry bonds of the company which are lleld alive and drawing interest for account of the various sinking funds. BONDS.-Tbe consol. mortgage or 1873 is for $30,00~000, of which $1,076,000 reserved to retire a like amount or Ottawa uswego & Fox River guaranteed bonds-the remainder for con truction and equipment. The consols are a first lien on 750 miles of road in Illinois and on Chicago terminal property. The Iowa Division bonds cover the main line in Iowa from Burlington t-0 East Plattsmouth on the Mo. River, 279 miles, and lB branches, 511 miles. These bonds have a sinking fund of 112 per cent ($203,800) yearly, for which the 4s are subj Act to call at 100, the 5s at 105. The Denver Extension bonds are 11eoured by deposit with the trustee of first mortgage 5 per cent bonds (limited to $20,000 per mile of main track and $10,000 per mile of second track) upon about 400 miles of roact., representing five different lines, of which the most important is that from west line, Red Willow County, Neb., westerly to Denver, Col., 248 miles. They have a sinking fund of 1 per cent for which they are subject to call at 100. The collateral trust Nebraska extension bonds of 1887(New En°'land Trust Co., of Massachusetts, trustee) are issued at $20,000 per mife for aingle track and $10,000 per mile additional for second track. Bee abstract of mortgage in V. 45, p. 441 Biwlington & Mo. in Nebraska consol. mortgage of 1878 is for $14,000,uOO, of which $1,018,000 reserved to retire in 1896 Omaha & $. w. and Nebraska Rail way bonds, the only prior liens. The mortg-age covers 628 miles in Nebraska, including lines from Omaha via Oreopo• lls to Gr~nd Island, Lincoln via Hastings to Amboy, and from Nemaha via Beatrice to Crete, etc. Of the consols outstanding all except the $5,000,000 of exempt bonds are subject to call for the sinking fund at par, $193,815 having been retired in 1893. The" exempt" bonrts may be called after 1908. The siuking :t und Dec. 31, 1893, held alive $3,420,308 of th- bonds included above as outstanding. The 5 pa· cent debentiwes of 1890 and 1892 are convertible into stock, at any time prior to December 1, 1902, except when books are closed. Bee terms of conversion on page 2 of the SUPPLE:U.ENT for March, 1893 Many of the bonds are redeemable (may be drawn) before maturity at various prices, plus accrued interest, as stated in the table above. Ohicago & Iowa 1st and ~d mortgage 8s for $1,750,000; Ohicago Rockford & No. 1st 8s, $250,000; .Atchison & Neb1·askci ~u. 6s, $901, 280, r eleased from B. & M. R. sinking fund, were held in C. B. & Q. treasury Jan. 1, 1894. GENEltAL FINANCES.-The Chicago Burlington & Quincy Railroad has been one of the most profitable in the country, as its numerous branches tributary to the main line were built into choice agricultural territory. Corn, however, being one of the principal articles carried by it. its earnings vary greatly according to the size of the crop. On July 1, 1893, the company issued new capital stock for $5,876,500, and the same amount of consolidated 7s, due in 1903, The proceeds were used for new equipment, improvements, construction, St. Louis terminals, bridge across the Missouri, and for the payment of $3,54~,550 Burlington & Mis ouri 7s due Oct. 1, 1893. Tb.e payment of the B. & M. 7s freed about $6,635,000 of bonds drawing interest in the sinking fund; but in January, 1894. some of the bonds set free were sold. Bee V. 56, p. 164; V. 57, p. 105. In April, 1894, $1,500,000 consol. 7s were sold, and in July $1,000,000 more were issued to reimburse the company for construction ln 1888. LATEST E.A.RNINGs.-From Jan. 1 to Nov. 30 (11 months) earnings including lines controlled, were : 11 mos. Gross. Net. Oharges. Bal., surplua. 1894 .... $29,054,522 $11,331,629 $8,800,000 $2,531,629 1893.... 35,460,252 12,672,348 9,051,689 3,620,059 ANNUAL REPORT.-Fiscal year ends Dec. 31. Annual meeting is held the third Wednesday in May. R eport for 1893 was publi hed at much length in the CHRONICLE, V. 58, p. 549, 554. The operations for the aystem proper, not including the lines controlled, have been as follows: Year end. Dec. 31- 1890. 1891. 1892. 1893. Miles operated.. 5,216 5,325 5,556 5,596 To. grossearns.$27,725,967 $27,916,127 $33,002,394 $31,042,969 Oper. exp. & tax.18,749,699 18,549,257 22,469,011 21,224,504 Net earnings .... $8,976,268 $9,366,870 $10,533,383 $9,818,465 P. c. op. ex. toe.. 67·62 66·45 6S·08 68·37 The company's income account, including the receipts and disbursements on account of lines controlled, has been as follows: 1890. 1891. 1892. 1893 Net earnings .... $8,976,268 $9,366,870 $10,533,383 $9,81 ,465 Int. & exch'ge.. 806,035 1,371,627 1,281,818 1,771,092 NetB. &M. l. gr. 178,455 156,848 188,572 10 ,422  Oct. 1, 1919 Oct. 1, 1919 Bept. 1, 1921 Feb. 1, 1922 May 1, 1913 May 1, 1927 Sept. 1, 1903 June 1, 1896 Oct. 1, 1896 July 1, 1918 July 1, 1918 Jan. 1, 1910 Feb. 1, 1896 July 1, 1919 July 1, 1900 1900 & 1901 Oct. 1, 1895 Moh. 1, 1908 Dec. 1, 1927 Jan. 1, 1910 Feb. 1, 1930 Jan~·2;·i895 Dec. 1, 1907 May 1, 1920 Dec. 1, 1931 Oct. 1, 193, Feb. 1, 1911 Nov. 1, 1937 Jan. 1, 1936  O. R. & Q,. Sy8tem-St. Louis Keokuk & N. W .-ROAD.From Keokuk, Mo., to St. Louis, Mo., 170 miles, and branch Keokuk to Mt. Plea ant, 55miles: total, 225 miles. Controlled by C. B. & Q. STOCK. -Stock increa ed from $8,000,000 to about $20,000,000 in 1893 BONDS. - A.llof the $8,000.000 bonds are held in the C. B. & Q. treasury. EA.RNlNGS.-For year ending June 30, 1893, gross, $1,761,266; net, $558.536. Ohlcago & Eastern Illinois.-( See Map.}-Operates doubletrack road from Chicago, Ill., to Terre Haute, Ind., and the bituminous coal fields, with various branches. mBee this co.)  Lines owned in fee.  Miles.  Proprietary lines (leased.) Hiles.  Dolton to Shelbyville, rn ....... 199 Evans. T. H. & Chic. RR., Dan Rossville to Sidell, ID .......... 34 ville, to Otter Creek June. ,r.. 49 Momence to Ind. State lineInd. Block Coal RR., Otter Juno. Chio. & Ind. Coal Ry . .. 11 Creek June. to Brazil, Ind. ... 13 Cissna lune. to Cis na Park .. . 11 Trackage, etc. Chic.&IndianaCoalDiv.,Brazil Otter Creek June. to Terre H.. 6 to La Crosse, Ind., etc ...•.... 176 Dolton to Chicago, Ch.&W. Cnd. 17 Doubletraok . ................... Io6 Total operated June 30, '94 .. 516 HISTORY, LEASES, &c.-Reorganized under existing title Be\)tember 1, 1877. On June 6, 1894, formally consolidated with the Chicago & Indiana Coal RR. See V. 58, p. 987. Also owns control of Evansville Terre Haute & Chicago RR. and $1,000,000 stock of the Chicago & Western Indiana-which Ree, having all the local traffic of the latter road from Dolton into Chicago. In January, 1890, a ten-year traffic contract was made with the Evansville & Terre Haute for the operation of a through line between Chicago and Evansville. V. 55, p. 995. CAPITAL STOCK.-The commol'l. ~tock is entitled to all surplus after 6 per cent on the preferred stock. In addition to the amounts outstanding in the table, $2,158,800 common and $407,100 preferred were held in the company's treasury June 30, 1894. DIVIDENDS.-On new preferred in 1888, 712; in 1889, 6; in 1890, 6; in pref. stock; in 1891, 4¼ cash; in 1892, 6; in 1893, 6; in 1894, 6; in 1895, Jan., 1¼. BONDS, GUARANTIES, &c.-The Chicago & Eastern Illinois ~uaran tees the intere ton Evansville Terre H aute & Chicago issu "R (RP.A that company) and interest on $150,000 Indiana Block Coal 1st 7s; some Block Uoal 7s have been drawn for the sinkino- fund. Tne general consolidated mortgage of 1887 (trustee, Central Trust Company) provides for the retirement of $6,Q42,000 prior bonds and tor issue of bonds on new road at $18,000 p er mile for single track; also for bonds for equipment at $7,000 per mile and. for nouble track at $8,000 per mile. These bonds are a Jkst mortgage on 124 miles of road, including the line frotn Rossville via Bidell to Shelbyville, etc., also on equipment valued at $2,355,000, and upon real estate in Chicago costing over $1,200,000. They al o cover 106 mile ol' double track frona Danville to Dolton, Ill., and rest of property subject to prior liens. Ohicago & Indiana Ooal fi?'st mortgave of 1886 (trustees, Metropolitan Trust Company and R. B. F. Pierce) 1s for $1,000,000 on road t rom Yeddo to Brazil and $25,000 per mile ($7,000 of this for equipment) tor extensions; second track, $8,000 per mile. The bonds have been assumed by the C. & E. C. Of the $4,626,000 given as outstanding, $89,000 were in C. & E. I. trea ury June 30, 1894. During 1893·94 $39,000 were is ued. (V. 54, p. 964.) GENERAL FINANCES.-This company owns most of the capital stock of the Brazil Block Coal Co., and carries all its coal. It carries also the coal of the Grape Creek region. It has bought within a few years terminal property in Chicago worth over $1,200,000. In December, 1892, issued $1,007,000 general consols tor double traos, etc., and in Nov., 1893,issued $946,000 for construction (Rossville to Sidell, &c.) and equipment. Bills payable June 30, 1894, $360,000. LA.TEST EARNING s.-From January 1 to Dec. 31, 1894 (12 months), gross, $J,419,489, against $4,487,882 in 1893. ANNUAL REPORT.-Fiscal year ends June 30. Annual meeting is held ln Chicago on the first Wednesday in June. The annual report for 1893·94 was in V. 59, p. 647. The policy of charging opera.tin?. expenses with many items that might properly be called "construction ' was continued. The company receives low rates for its freight, the rate per ton per mile in 1893·94 being 63·100 of a cent, ag-ain t 59·100 of a cent in 1892-93; rate per passenger per mile was 1 61 cents, against l ·53 cents. 1892. 1893. 1894. Yea1· end. Jiine30. 1891. 480 4 0 Miles operated........ 516 439 $3,775,546 $4,446,959 $3,860,115 Gross earnings . ...• .• $3,567,195 2,990,314 2,409,710 Oper. exp. & taxes... 1,946,499 2,503,523  I  -- - - - Net earnings ....... $1,620,696 $1,272,023 $1,456,644 $1,450,405 Total income . . $9,960,758 $10,895,34~ $12,003,773 $11,697,979 Rentals paid.... $206,078 $230,280 $314,573 $310,260 Net (incl.0th. income) .$1,660,279 $1,340,987 $1,523,386 $1,576,092 837,340 913,016 942,788 769,904 Interest on debt 5,491,992 5,817,266 6,113,738 6,538,911 Interest paid . . .. . . . .. 210,655 221,071 238 ,756 204,226 Dividends ..... (5) 3,819,630 (414' 3,246,686 (5) 3,819,922 (5) 3,960,252 Rentals...... ... ...... Car. to ink'gf'd. 745,492 764,839 765,186 765,090 Div. on pref. stock . . (6) 275,949 (6) 283,986 (6) 283,986 (6) 286,9U  Balance, sur .. def. $302,434 sur.$836,274 sur.$990,354 sur.$123,466 Ra.lance .......... sur. $410,198 sur. $9,006 sr.$105,313 sr.$107,634. (V. 56, 12· 164i ~46, 667,J>~9, 834; V. 57, p. 21, 22, 10~, 342, 1122, -IV, 56, p, 81,578; V. 57, p. '118, 894, 979; V. 58, p. 987; V. 59, p V. 58, p. 049, o o4, 733, 7, 3, V. 59, p. 116,629,737,919, V. 60, p. 42.) 64'7,)   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  INVESTORS' SUPPLEMENT.  AND  EASTERN ILLINOIS RAILROAD SYSTEM.   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  [Vo1. LX  JANUARY, 1895.J  RAILROAD STOCKS A.ND .BONDS.  MAP OF THE  CHICAGO GREAT WESTERN   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  RAILWAY.  33  34  INVESTORS'  SUPPLEME~T.  [VOL, LX.  Subscribers -w-ill conCer a great f'avor by giving inunedlate notice oC any error discovered in these Tables.  !  RAILROADS. Am t INTEREST OR DIVIDENDS. _ Bonds-Pr1no1 pal,When Due. Miles Date Size, or Par of For explanation of column h eadings, &c., see notes of Outst~~ding!Rate per When Where Payable, and by Stocks-Last. Cent. Payable Whom. Dividend. Road. Bond& Value. on first page of tables.  --  Chicago Elevated Te1•minal-Stock .... ..............  Ohicago ct Erie-Stock (all held by Erie) ............  ----  1st M., gold, interest ~ar. till principal is paid. . c* 249 Income bonds for $1 ,000,000 5 p. c. non-cum ... 249 Terminal 1st mortgage, gold ................ . ..... . Chicago Fort Madison ct DesMoines-lstmort.,gold Chica.JI: & Grand Trun k-Stock ..................... . No west Grand Trunk., 1st mortgage........... .66 1st mortgage for$6,000,000, $ & .£ .. . ......... c&r 327 2d mortgage ..... .. .. . .............. . .......... c*&r 327 Ch. Gt. West.-C.St.P.&K.C.pr.loan,red.at 105.assum 815 Debenture stock, $15,000,000, guar. 4 per cent .. .... Debenture scrip (see text) . ....................... . ··-Pref. stock A, 5 per cent, gold, l¥1.5,000,000 ...... .... Pref. stock B, 4 per cent $10,000,000 ............. Common @tock, $30,000,000 ............. . .... . ... .... C. St. P. & K. C. eqrup. lease warrants. assumed. Chic. June. R :11s. ti: Un. Stk. Yard-See MISCELLAN EOUS Chic. Kalamazoo ct Saginaw-Stock ($2,000,000 au.) 45 Ohica/{_o Milwaukee ct St. Paid-Common stock ..... .... Pre erred stock7percentyearly, not cumulative. Iowa & Minn. 1st M. convert. into ~f. stock .. c* 230 Prairie du Chien 1st M. (Mil. to Pr. u Chien). c* 195 2d mortgage, convertible into pref. stock .. c* 195 Iowa & Dakota 1st M., conv. into pref. stock .. • c 126 River Div. (St.P.&C.) 1st M. con. into pf.stk.g.c* 129 Hastings & Dakota 1st M., conv. mto pref. st'k ....  -------  ---  .....  ---......  .$ioo $100,000 ..5.g. 1,000 12,000,000 1890 1,000&c 10,000,000 Text. 5 g. 300,000 1888 i:{)00 See t ext. 5 g. 1891 100 6,600,000 "e' 546,000 isso 500&c. 6 1880 .£100&c 5,454,000 5 1882 1,000&c 6,000,000 2,823,150 5 g. 1889 "ioo 10,351,200 4 per an. 4 i894 ··ioo 1,076,104 11,132,400 . ... 100 7,444,190 .... 100 20,808,345 .... . . . .... . 1,4 27,858 . NIES. 100 Jan.'95none -. ... ·-· See.text. 100 46,027,261 100 25,991,900 7per an. 7 i867 1,000 2,824,000 1,000 3,674,000 1868 8 1,000 1,197,000 7·3 1868 1,000 540,000 7 1869 3,804,500 7 g. 1872 $ & .£ 89,000 7 ....  i890  ---· ------con.A  J. J. J. J. J.  ----  ---  ......  ---. .....  -----·--··  ..&..J.  . .......... !N.Montreal Y. Agency, Bk. of &London.  ....  ·········· ..........  . ........  May· 1,..fas2 M.&N. N. Y. L. E. & W. Oct.1. N. Y., when earned. Oct. 1, 1982 J. & J. N.Y.,Drexel,Morg.& Co. July, 1918 J. & J. 1911 .......... Jan:. i',"i910 Jan. 1, 1900 & J. do do Jan. 1. 1922 & J. N.Y.,Lon. &Amsterdam Jan. 1, 1934. & J. London,R.Benson & Co. See text. .... do do see.iexi. . ... do do & J.  . ..........  M'thly.  A ..&..O. N. Y., Office 42 Wall St. A. & 0. do do do do J. & J. F. & A. do do F. &A. do do J. & J. do do J. & J. London and New York. J. & J. N. Y. Office, 42 Wall St.  ........  1895:i90l Ocf: 2·2; i894. Oct. 22, 1894 July 1, 1897 Feb. 1, 1898 Feb. 1, 1898 July 1, 1899 Jan. 1, 1902 Jan. 1, 1903 0  Chicago Elevated Terminal Ky .-Organized in 1892. Owns I committee of the company," which exercises general supervision of its elevated terminal tracks in Vhicago aggregating 27·69 miles. Presi• finances. Upon default in payment of interest on the debenture stock dent, Joseph T. Torrence; office, Mona.dnock Block, Chicago, Ill. or of dividends, it earned, on preferred A, holders of said securities will have the sole right through the finance committee and a receiver for Chicago & Erie.-Owns from Marion, Ohio, to Hammond, Ind. them appointed to direct the management of the property until default 149 miles, and leases trackage over Chicago & Western Indiana to is made good, when the management again reverts to the company. Chicago, 20 miles. Connecting line for the New York Lake Erie & Additional securities of said issues can be put out, but only with conWestern and the New York Pennsylvania & Ohio to Chicago. sent of a m ajority of both said classes of stock present at a meeting. HISTORY AND STOCK.-Reorganization per plan in v. 44, p. 369 of Securities of other issues having a lien prior to preferred A can be Chic. & Atlantic, sold in foreclosure August 12, 1890. The N. Y. Lake created, but only with consent of two•thirds of both cla sses. The sev• Erie & West. ownB the entire stock of $100,000. There were car trusts, eral cla ses in case of liquidation will have principal paid in gold, acJune 30" 1894, for $113,564, for which $119,000 1st mort. bonds are cordin g to their priority right to dividends. Debenture stock outstanding on which dividends are payable in reserveu. The N. Y. L. E. & W. is in receiv er s' hand but interest on cash, $6,788,950; in scrip, $3,562,250; yet issuable in exchange for C. & E. ttrst and terminal bonds has been paid regularly. C. St. P. & K . C. first mortgage bonds, $200,000. Preferred stock A on BoNDs.-The first m ortgage (trustees Central Trust Co. and Edward Daniels) bore 4 per cent interest till May 1, 1892, and thereafter which dividends are payable in cash, $6,500,000; in scrip, $4,632,400; yet issuable in exchange for flr:1t mortgage bonds. $240,000. 5p. ct. This interest is guaranteed by Erie. See V. 56, p. 695. Both the first and the income mortgage cov er 249 miles of road, the GENERAL FIN.ANCES.-In April, 1894, debenture stockholders and contract with the Chicago &Western Indiana, $1,000,000 of that com- preferred "A" stockholders were a sked to subscribe in the amount of pany's stock and $240,000 stock of the Chica~o Belt Railway. See full 1212 p . c. of their holdings of these stocks to additional d ebenture stock abstracts of mortgages in V. 51, p. 911 to 91;:s. See also V. 54, p. 203. at 80 p. c. Stockholders so sub scribing to receive their interest and A certain percentage of the gross earnings is each year to be applied, dividends in cash; those not s ubscribing to receive int. and divs. in .first, to payment of interest on the first mortgage bonds, second to the debenture scrip until 1212 p . c. of their holdings has b ' en so received. payment of interest on the incomes. If the gross earnings in any year DebPnture stock for $1,999,814 w as s ub scribed for at 80 p. c., which amount to $2,250,000 or less, then this percentage is to be 2212 per realized $1,551,397. cent; if to more than !f!2,250,000 and less than $2,750,000, then 25 per FLOATING D EBT.-On Nov. 30, 1894, there were bills payable $188 · cent; if to $2,750,000 or more, and less than $3,250,000, then 2712 per cent; if to $3,250,000 or more, then 29 per cent. In case the percentage 350; accounts p ayable, $75,000; a dvanced by operating account, of gross earnings is not sufficient to meet interest on the first mortgage $162,000. Against this the company had $107,767 cash in hands of bonds and the Erie has to make up the deficiency, then the amount of Finance Committee, and there was due Jan.1.1895, for debenture such deficiency, with interest at 5 per cent, is payable to Erie in subse• stock, as above, $321,585. Also debenture scrip for $928,841 is issu• able in p ayment of interest and dividends, as they mature, to holders quent years prior to the payment of interest on the income bonds. Interest on the incomes has been paid as follows: For year 1890·91, who did not subscribe as above. On July 15, '94, company paid one year's interest on debenture stock none; for 1891·92, 3 per cent, Oct. 1; for 1892-93, 2 per cent, Oct. 2; in cas h to holders subscribing and in debenture scrip to non-subscribers. for 1893-94, 214 per cent, Oct. 1. No dividend on preferred A had been paid to January, 1895. LATEST EARNINGS.-From Jan. 1 to Nov. 30, 1894 (9 months), gross LATEST EA:rtNINGS.-From Jan. 1 to Dec. 21, 1894 (113.,1 months), earnings were$2,115,479, against$3,116,321 in 1893. .A.NNUAT, REPORT.-Fiscal year ends June 30. Gross earnings for gross, $3,556,433, against $4,3<i9,083 in 1893. ANNUAL REPORT.-Fiscal year ends June 30. Report for 1893·94 year 1893·94 were lfi2,990,672; net, $397,759; other income, $65,337; interest on bonds, fixed rentals and other charges, $838,794; net was in V. 59, p 470, showing: deficit, $375,698. In 1892-93 ~oss, $2,916,901 ; net, $402,540. Year ending June 30. 1892. 1893. 1894. Under the arrang-ement with the Erie 2712 per cent of the gross Averagemileageown~dandoper'd 922 922 922 earnings was applicable for interest on bonds. equal to interest on Total gross earnings ............... $5,024,740 $5,083,014 $4,011,710 first mortgage bonds and a.bout 214 per cent interest on the income Operating expenses and taxes... 3,764.677 4,063,175 3,002,897 bonds, payable in October. See V. 57, p. 936. (V. 55, p. 331, 941; V. 57, p. 936; v. 59, p. 781.) Netincome..................... $1,260,063 $1,019,839 $1,008,812 In year 1893-94 rentals paid $454,963; int. on floating debt, $25,585 Chicago Fort lUadlson & Des 1'.lolnes.-Road completed from Fort Madison to Ottumwa, Ia., 71 miles, in December, 1892. int. on 5 p. c. priority loan $141,157; int. on 4 p . c. debenture stock Capital stock June 30, 1892-authorized, $5,000,000; outstanding issued and issuable in exchange for 1st mortgage bonds, $379,080; June 30, 1893, $1,970,200· par, $100; the funded debt was $1,313,000. balance to credit of income account $8,027· In year 1892-93 gross earnings, $57,497; net, $9,796, against $18,243 OFFICERS.-A. B. Stickney, President, St. Paul, Minn. New York in 1891-92; charges, $46,638 Transfer offioe, 18 Wall St. (V. 59, p. 81, 430, 682, 815; V. 59, p. 4'10.) Chicago~ Grand Trunk.-Owns from Port Huron, Mich., to Chicago Kala01.azoo & Saglna"W .-Under construction from Elsdon, 326 milea; leases Grand Trunk Junction Railroad, 4 miles, and Kalamazoo, Mich., to Saginaw, Mich., 125 miles, of which 45 miles, trackage Chicago & West. Indiana, 5 miles; total, 335 miles. Stock, Kalamazoo to Woodbury, in operation. In Jan, 1895, no securities $6,600,000 in $100 shares. The Grand Trunk of Canada. we:re outstanding. In 1893 gross, $53,514; net, $18,450. gives a traffic guarantee of 30 per cent of gross earnin~s. Third mortgage for $6,000,000 was authorized in April, 1893, but will not be Chicago 1'.lll"Wankee & St. Paul.-(See Map.J-Operates from issued to the public. Ou Jan. 1, 1894, bills payable were $74,750; int. Chicago westerly to Omaha, Neb., and Kansas, City. Mo., with lines due Jan. 1, $223,600; sundry outstanding accounts and wages, $1,· traversing Wisconsin, Minnesota and the Dakotas, including:632,083, against which the company had cash $187,803; "sundry Road. Miles. , Road. Miles. assets," $336,203, and outstanding trafflo balance, $355,126. Lin~s owned (o_f . which. 9 Trackage..................... 62 EARNINGS.-(11 mos.), { 1894 ...... Gross, $2,495,402; def. $3,146 miles owned Jomtly) m2nd & 3rd tracks...... ...... 216 Jan. 1 to Nov. 30. 51893 ...... Gross, 3,037,021; net, 893,639 eluding Milw. & Northern, Oontrolled, oper. separately. 426 miles ................... 6,148 Des M. No. & Western....... 150 In 1893 gross, $4,181,733; net, $843,425; deficit under oharges, $59,479. In 1892 gross, $3,764,171; net, $818,833. (V. 56, p. 621.) HISTORY, &c.-The Milwaukee & St. Paul RR. Co. was organized May 5 Chkago Great Western. -(See Map.J-ROAD.-Operates and 1 1863, and on Feb. 11, 1874, took its present name. The system has owns by deed the Chicago St. Paul & Kansas City Ry., which extends as smce been greatly extended by the construction and acquisition of lines. The stock of the Milwaukee & Northern was acquired in follows: Main lines (all steel) Chicago to St. Paul and St. Joseph, 690 other miles; Hayfield to Manley Junction, 47 miles; branches-Sumner to September, 1890, in exchange for common stock, and in Sept., 1893, Hampton, 64 miles; to coa1 mines, &c., in Iowa, 1012 miles; other, 4 the sale of the M. & N. to the St. Paul was utified. In August, 1894, miles; total owned, 815 miles; and leases-St. Paul to Minneapolis, 1012 a controlling interest in the Des Moines Northern & Western had been miles; Chicago terminals, 10 miles; Dubuque to Aiken, 16 miles; Des acquired. The road will be operated separately. V. 59, p. 228. CAPITAL STOCKS.-The preferred stock has a prior right over the Moines termmals, 2·70 miles; Leavenworth to Kansas City, 44lli, miles; total leased, 84 miles. The!Chicago Great Western also owns, in fee, common stock to a dividend of not over 7 per cent from net earnings in ea.ch year, but if not earned it has no cumulative right. After payment Bee Creek to Beverly, 23 miles. Total operated, 922 miles. ::>f 7 per cent on preferred and 7 on common, both classes share pro rata. ORGANIZATION-Incorporated under laws of Illinois in January, Common stock authorized, $47,062,560. Preferred stock on July 1, 1892, to facilitate reorganization of the Chicago St. P. & Kan. City Ry. 1889, was $21,610,900, and it has been increased to preRent figures by On Sept. 7, 1893, the company having become the owner of over exchange of convertible bonds for stock. On July 1, 1894, $25,855,· 97 per cent of the 1st mortgage bonds and over 99 per cent of the gen• 500 prior lien bonds outstanding were exchangeable for preferred. eral mortgage bonds, acquirea by deed the title of the Chicago St. Paul & Kansas Cfty Ry. (815 ·67 miles), subject to the mortgages, the bonds DIVIDENDS since 1887. 1888. 1889. 1890. 1891. 1892. 1893. 18 94. which it owns being kept alive. It had prior to that time acquired tha On common. 212 0 O O 2 4 4 title to the Leav. & St. Joseph Ry. (23 mlles). which ls unincumbered. On preferred. 6 4½ 7 7 7 7 7 In '94 on com, Apr., 2 p.c.; Oct.2 p.c; on pre/.,Apr.,312 p.c.; Oot.,312 p. o SECURITIES.-See full particulars in v. 55, p. 856. The priority loan a.nd equip. lease warrants were assumed by the Chicago Great Western. BoNDs.-Abstracts of some of the principal mortgages were pub. The holders of debenture and preferred A stock appoint "the finance lldhed in the CHRONICLE, v. 45, pp. 85, 114, 144, 212, and v. 48, p. 830,   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  I  l  '  ~  ~  7i A  z  0  ~  a  z  ~ r:n  ~ 0  0 r:n  ~  ~0 ~-  ~H  ~o  ....., IQ ~  00 r-4   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  M.Ues Ill  E  B  '36  INVESTORS' SUPPLEMENT.  Bonds-PrinciINTEREST OR DIVIDENDS. . RAILROADS. - - - - - - - - - - - - - - - - - - - - - 1 Miles Date Size, or A.mount 1 - - - - - - - - - - - - - - - - - i p a l,When Due. When !Where Payable, and bY Sto_c~s -Last Par Outstanding Rate of 1For explanation of column headings, &c., see notes of D1v1dend. Whom. Road. Bonds. Value. _ _ _ _ Per cent. Payable on first page of tables.  ~hicago Milwaukee de St. Paul-( Concluded)83 Chic. & Mil. lat mort. (conv. into pref. stock) .. c* Chic. Mil. & St. P. prior lien consols, convert .... 1,435 Oh. Mil. &St. P. consol.M.,conv. intopf. stock.c* L,435 L & D. Ext. 1st M., convert. into pref. stock.c* 335 t3 W. Div. 1st mort\afe Western Union RR .. c* 212 t3o. Minnesota Div. s mortgage .............. c* 419 ,.Mineral Point Division 1st mortgage ......... c* 133 JHast. & Da.k. Div., extension, 1st mortgage .. c* 395 c* 395 do do do :"Lacrosse & Dav. Div. 1st mortgaw ...•....... c* 185 Wisc.Val.RR.Co. lstM.,Tomahto ausa~Wis.c 107 Wis. Val. Div.lat M. or 1880, s. f., not 'n.c* 161 Dub. Div.(Ch. Cl. D.&M.) lstM., s. f.,notdr'n.c· 351 Chic. & Pac. Div. 1st M. (Chic. to Kittredge) .. c* 120 Western Div. 1st mort., (see text) gold . .... c* 1,117 68 Chic. & Lake Superior Div. 1st mort., gold ... c• Wis. & Minn. Div. lat mortgage, gold .....•..... 230 Fargo & Southern 1st mort.,gold, assumed ....•.. 119 Ch. Mil. & St. P. Terminal mortg~e, gold .... . . c* Dakota & Great Southern lat mo gage, gold..... 159 77 <Jhica~o & Missouri River Div. 1st mortgage ... c· •Inc. M.,convert$ a. f.. $80,000 year1[ (dr. at 105)c" 525 ,Oen. mort. (for 150,000,000), gol Series A..c*&r 5,722 Milw. & North'n 1st mort., Schwarz.to Gr. Bay.. c* 126 Con. M.($17,000 p .m.) ,lst M. north of. Gr.Bay.c* 362 ~h,icago ~ North em PacificCh. &Gt. West.lat M. gold ..............•.•...... c~ 10 -Oity of Chicago purchase money M ...••••..•..... First mort. tor $30,000,000, gold.•......•. .. o"'&r 65¼  1873 $1,000 1,000 1874 1,000 1875 1,000 1878 1,000 1879 1,000 1880 1,000 1880 1,000 1880 1,000 1880 1,000 1879 500 1879 1,000 1880 1,000 1880 1,000 1880 1,000 1881 1,000 1881 1,000 1881 1,@00 1883 1,000 1884 1,000 1886 1,000 1886 1,000 1886 1,000 1889 1,000 1880 1,000 1884  $2,393,000 186,000 11,299,000 3,505,000 4,000,000 7,432,000 2,840,000 5,680,000 990,000 2,500,000 1,106,500 2,316,000 6,565,000 3,000,000 25,340,000 1,360,000 4,755,000 1,250,000 4,748,000 2,856,000 3,083,000 1,520,000 See text. 2,155,000 5,092,000  1,000  394.000 650,000 See text.  1886  isoo i:c>'oo  The following bonds are convertible into prefe:rred stock at any time within ten days after a dividend shall have been declared and become payable on the preferred: Iowa & Minnesota. 7s, due 1897, Prairie du Chien 2ds, Iowa & Dakota 7s, Iowa & Dakota Extension 7s, River Division 7s, Chicago & Milwaukee 7s of. 1903, Hasting & Dakota 7s of ~903 and Cb. Mil. & St. P. consols of 1875. The consols of 1874 also are convertible into preferred within 15 days after dividend day. The «invertible bonds were fully described in SUPPLEllIENT for Mar. '93, p. 2. Ohicago cf: Pacific Westeni Division lat 5s were issued at $20,000 1>er mile for road, with additional amounts for equipment and bridges ; no further bonds can be issued. The mortgage covers the following mLes or road: Farley, Ia., to Kansas City, Mo., 341 miles; Marion, Ia., to Council Bluffs, Ia., 262 miles; Astor, Ia., to Aberdeen, North Dak., 352 miles; branches 162 miles; total, 1,117 miles. Terminal five per cent bonds of 1884 cover terminal property cof. several hundred acres 1n Chlcago and Milwaukee. On tl1e ••income" bonds of 1886 payment of interest is now obligatory. They are convertible into common stock: witWn 60 days after any dividend day, and have a sinking fund of 4 per cent, $80,000 of them being drawn for payment yearly at 105. The general mm·lgage ot 1889 (see ab tract in V. 48, p. 830) is for $150,000,000, to the United States Trust Ce., of New York, a trustee, and covers the entire rail way property and tranchi es of the company (therein described) subject to prior liens a below mentioned. The l)rior lien bonds cannot be extended, but will be paid off at maturity. On June 30, 1894, the following am{Junts of general mortgage bonds 4:lad been issued or were reserved for the purpose indicated, viz :$17,806,000 Listed on New York Stock Exchange....... . ............ 2,682,800 Unlisted and in treasury of the company... ...... ....... Total given as outstanding .... ........... . ........... . Reserved for prior liens .......................... . ....... . Originally reserved for priorliens,whichhave since been} convert, d into pref. stock. Will even •ually become available for improvements. (See al o below) .. ..... . Available for improvements, etc. (see also below) . ..... .  g. g. g. g. g. g. g.  5 g. 5  J. J. J. J. J. J. J. J. J J. J. J. J. J. J. J. J. J. J. J. J. J. J. J. J.  & J. N. Y., Offl.ce,42 Wall St. do do & J. do & J. do do & J. do do & J. do ao & J. do do & J. do & J. do do do & J. do do & J. do & J. Boston, Lee Hi~inson. & J. N. Y. Office, 42 all St. do do & J. & J. do do do do & J. do & J. do do & J. do do & J. do do & J. do do do & J. do & J. do do & J. do do & J. do &D. N.Y., Cb. Mil. & St. Paul &D, do do  r  & D. .....  Chloago. ········•·  Jan. 1, 1903 Jan. 1, 1904. July 1, 1905 July 1, 1908 July 1, 1909 Jan. 1, 1910 July 1, 1910 Jan. 1, 1910 Jan. 1, 1910 July 1, 1919 Jan. 1, 1909 July 1, 1920 July 1, 1920 Jan. 1, 1910 Jan. 1, 1921 July 1, 1921 July 1, 1921 Jan. 1, 1924. July 1, 1914. Jan. 1, 1916 July 1, 1926 Jan. 1, 1916 May 1, 1989 June 1, 1910 June 1, 1913  June 1, 1936 May 1, 1938  ~ g. A.. & O. A.pr.,'93,coup.lastpa.id. l April 1, 1940  I  1891,92. Net earnings .••. ..• ..••••• $11,46 ,50j Peret. of op. exp. to earns. (64·48) Otherincome ... ........••. 237,354  1892-93. $11,486,947 (66·19) 122,140  1893-94. $11,213,619 (64·21) 100,684  Total net income ....•• $11,705,858 Interest on debt .... .. .... . 7,161,736 Dividends on pref. stock .. (7)1,572,612 Dividends on com. stock. ii2·,4i4 Miscellaneous ....••.......  $11,609,087 7,065,216 (7) 1,751,357 (4) 1,838,306 21,470  $11,314,303 7,503,748 (7) 1,809,213 1,838,307 95,822  $932,738 $2,859,096 Surplus................ Including Milwaukee & Northern, earnings were: 1 893. 1892. Yeat· encling June 306,109 6,077 Average miles......... ..... $35,743,429 Gross earnings .......... .. . $34,048,875 23,712,943 Expenses ................... 21,937,467  1894. 6,148 $31,327,951 20,114,333  $67,213  -----  -----  Total assets ..•.••.•... $211,882,528 ItiabilitiesStock, common............ $46,027,261 24,364,900 Stock, preferred........... Funded debt.............. 129,195,000 2,722,549 Pay•rolls, vouchers, &c... $20,488,800 Interest accrued, not due. 3,486,339 111,065,200 Loans and bills payable... . • .. 2i 7)i69 Miscellaneous............. 7,388,000 Income account........... 5,869,209  $218,600,018  $223,874,758  $46,027,261 25,767,900 130,805,500 2,665,149 3,447,223 3,240,000 159,086 6,487,899  $46,027,261 25,973,900 138,801,000 1,669,179 3,581,983 1,000,000 300,395 6,521,040  1 1,058,000  'Total authorized........ ........... .................... $150,000,000 'The $20,488,800 outstanding include $6,000,000 is ued to pay for 178 miles of sundry small branches on which the general mortgage is a first lien, and to retire the $2,500,000 first mortgae:e bonds o.l Chicago Evanston & Lake Superior Ry., a Chicago suburban road; al~o $3,365,000 i sued to replace prior bond 1Pald and cancelled. The $11,058,000 of bonds above mentioned are applicable for vremiums paid in retiring or refunding convertible and other prior lien bonds bearing a hlgber rate of interest than 4 p. c., for cost of branches, sec· ond and side tracks, real estate, bridges, rolling stock. equipment, etc. On July 1, 1894. of the prior lien bonas outstanding, $25,855,500 (ma1C;uring 1897-1908> were convertible into preft1rred stock; if from time it() tinie so converted they will set free a like amount of general 4s ·which, with the $7,388,000 already converted, will hecome available ·tor improvements, additions, etc., as soon as the balance ($11,058,000) -of the amount originally reserved for improvements has been so -expended. V. 48, p. 830; V. 50, p. 205. GENERAL FINANCES, &c.-A. considerable amount of the stock is held by parties also interested in the Chicago & Northwestern, so that the "two roads are operated as a rule in harmony. Dividends on common stock were resumed in October, 1892. Bee "dividends" above. In June, 1894, $3,000,000 general mortgage 4s were listed in New ·York, having been sold for equipment, improvements, etc. N. Y. Stock .Exchange in January, 1895, reports $17,806,000 listed. Milwaukee & Northern earnings since July 1, 1893, have been included in those of 'the St. Paul. FLOATING DEBT.-A.ccording to the annual report, the floating debt ~une 30, 1894, consisted ef loans and bills payable, $1,000,000, against -which were held $3,990,800 of negotiable bonds. The floating debt -was mostly incurred to redeem La Crosse Div. and other underlying lbonds; also for building 64 miles of Milwaukee & Northern extension, lfor whioh $1,089,000 Mil. & No. consols are in St. Paul treasury. E..l!RNINGS.-5 months,?. 1894, gross, $12,591,567; net, ~,432,815. July l to Nov. 80. 51893, gross, $15,115,481; net, $0,713,114. Annual meeting is ANNUAL REPORT.-Fiscal year ends June 30. held in September. Report for 1893-94 was given in full in V. 59, p. 4,20, 427. See also ettitorial, p. 394. These figures, except for 1893·94, &o not include the Milwaukee & Northern. For the comparison includ• Jing the M. & N. !or all the years see further below. 1892-93. 1891-92. 189f.-94. 5,724 5,721 ilea operated June 30 .• 6,148 $7,138,561 $6,639,137 Passenger earnings .•••••• $7,311,687 24,393,849 )Freight earnings .........• 23,241,421 2L,5 :-0,822 2,442,645 2,402,951 2,465,442 Ma.ll, express, &o.,earns .. Total earnings .•••••.. $32,283,508 Expenses$4,235,514 Maintenance of way .•...• 3,884,373 ~faint. cars and engines .. 11,515,811 'Transportation .....•..••. 933,148 ~axes ................•.•... 246,158 nfiscellaneous ..........•••  $33,975,055  $31,327,951  $5,004,161 3,661,243 12,507,270 1,058,320 257,114  $4,469,838 2,698,459 11,503,142 1,199,077 243,816  Total expenses ...••... $20,815,004  $22,488,108  $20,114,332   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  7 7 7 7 6 6 5 7 5 5 7 6 6 6 5 5 5 6 5 5 5 5 4 6 6  $11,213,618 $12,030,486 Net earnings ....••....•. $12,111,408 CONDENSED GENERAL BALANCE SHEET JUNE 30. 1894. 1893. 1892. AssetsRoad and equipment, etc. $207,838,998 $215,937,204 $220,198,172 3,676,586 2,662,814 4,043,530 Cash....... ..... . . . . . . .. • . •  --··--  Total liabilities ........ $211,882,528 $218,600,018 $22.3.874,758 -(V. 56, p . 42, 331, V. 57, p, 22, 422, 443, 466, 4TO, 1038, 1040, V. 58, p. 1035; V. 59, p. 152, 228, 39 .l, 420, 42'1, 72-!.) Northern Paclflc.-OR0ANIZATION, PROPERTY Chlca~o & OWNED, ETC.-Organized ill 188~ 1n interest of Northern Pacific to acquire terminal property at Chicago. It owns 332 acres (46 acres in the heart of the city), with 6512 miles of track in operation; a freight house with a capamty of 80,000 square feet; a new passenger station, street ana dock frontage on the Chicago River, round houses, a surburban line 9 miles, and a line to Blue Island. (V. 55, p. 58; also p. 682; v. 56, p. 363.) LEASE, RENTAL, ETC.-In May, 1890, this property was leased through the medium of the Wisconsin Central to the Northern Pacific at a minimum rental sufficient to pay all fl,ced charges. Bee abstract of. lea e in V. 52, p. 468. In September, 1893, the lease of the Wisconsin Central to the Northern Pctci.flc was abrog-ated. October interest on Chicago & Northern Pacific lat 5s was not paid, and on October 11, 1893, Henry E. Howland, Walter Van :Xorden and Richard P. Morgan were appointed receivers. V. 57, p. 638. In Nov., 18!:l4, the Wiscon in Central was still operating the property under a temp0rary arrangement with the Cb. & N. P. receivers. The Chica!!'o Great Western (formerly Chicago St. Paul & Kansas City) and the Baltimore & Ohio a re tenants of the Ch. & N. P. and pay rentals, the former of $150,000 and the latter of about $175,000 per annum. The Wisoon. Cent. in May, 1894, was payin,r $150,000 yearly. In Deoemher, 1894, the Wisconsin Central paid to Chic. & No. Pacific receivers $110,000 on account of rent,11 and Dec. 10 outstanding Cbic. & No. Pac. receivers' certificates for$200,000 were paid. V. 59, p.1006. REORGANIZATION.-Bondholders' Committee consists of J. Edward Simmons, Chairman, Henry Budge, R. C. Martin, Simon Sterne, William Mertens, W. Allen Butler, Jr. and Alfred S. Heidelbach. In Nov., 1894, the U. 8. Tru t Co.'s receipts f.or $25,523,000 1st mort. 5s deposited under tbts committee's agreement of Dec. 5, 1893, had been listed on N. Y. Stock Exchange. V. 58, p. 306. PLAN.-OutlineR of a proposed reorganization plan were given in V. 59, p. 919, and provide as follows : (1.) A. new company to be formed called the Chicago Terruinal & Railway Co. (2.) Commit ee to hold v, ,tin~ power tor area onable time. (3.) New bonds and stock may be used to acquire competing- properties, to procure as"lf\ssment on old common an<l to effect r c'stitutiou of the $2,500,000 bonds an-.1 a settlement with Northern Pacific. V. 59, p. 919, 1006. More than 70 p. c. of the holders of these certificates have a,isented to the proposed reorganization plan given above. V. 59, p. 1103. BONDS.-The Farmers' Loan & Trust Co. is trustee of the first mon11:age of 18!;)0, on which default occUITed Oct. 1, 1893. or the $30,000,· 000 authorized, in Oct., 1894, $101,000 were in co.'s treasury, $1,044,0.00 wt1re held in trust ~~ainst like amount of prior bonds, leaving $28,· 855,000 outstanding. v. 59, p. 651. Mortgage abstract V. 52, p. 465. BTOCK.-Stock outstanding, $30,000,000 (par, $100), of which over f l5.000,000, owned by Nor. Pao., was to be pledged along with $3,000,· 000 of the bonds under N. P. trust of 1893. The N. P. claims a considerable sum due for advances, against which there are counter claims. EARNlNGs.-Recent earnings are stated to have been about $40,000 a month. (V. 57, p. 547, 548, '338. 763, 853, 938, 1038, 1082, 1122; V. 58. p. 81. 126, 178, 263, 306, 594, 682, 733, 866, 902 V. 59, p. 650, 737, 919, 1006, 1 1 03.)  JANUARY,  RAILROAD  1895.]  STOCKS AND BONDS.  3'7  Subscribers will conf'er a great Cavor by giving Immediate notice of' any error dl8covered In these Tables. RAILROADS.  For explanation of column headings, &c., see note& on first pa.ge of tables.  Uh,icafto  ~  Bonds--PrinotINTEREST OR DIVIDENDS. Miles Date Size, or pal,When Dne.. Amount Par of of Stocks-Lae1i Rate per When Where P~able, and by Road. Bonds Value. Outstanding Cent. Payable om. Dividend..  Nortn-Western-Common stock ........... 4,273  ---  ....  ~100 $39,054,907 Text. J. & J. N. Y.,Co.'s O:fflce,52Wall 100 22,335,170 7pe an. Q.-M.30 Pre erred stock (7 c. yearly, not cumulative) .. 4,273 do do 1,000 126,000 Peninsular RR.1st .convertible (assumed) ...•.. 109 7 M.& 8. do do 1,000 .12,774,000 Ch. & N. W. con. s. f. M. ($12,900,000), not dr'n.c~ 788 1865 Q.-F. 7 do do 1,000 1,700,000 Chic. & Mil. 1st M. Chica~ to Mil. (assumed) .. 85 1863 J. & J. 7 do do Cedar Rapids &Missouri iv.-Bonds assumed. 500 &c. 149 1866 2,332,000 lat mort. 3d Div., Des. M. River to Mo. River M.&N. 7 do do Mort. of 1884, Ced. R. to Des M. River......... 122 1884 769,000 J. & D. 7 do do 1,350,000 IowaMidl'dlstM.,LyonstoAnamosa(assumed) 71 1870 A. & 0. 8 do do 2,977,500 Madison extens. lst M., g. (s.f. $23,000, not dr'n) 129 1871 500 &c. 7 g. A. & 0. do do 2,546,500 Menominee ext.1st (s. f. $20,000, not dr'n, 114 1871 500 &c. 7 g. J. & D. do do 3,365,000 Northwest. Union 1st .,g.,Mil.toFond-du-Lac. 62 1872 500 &c. 7 g. M.& 8. do do Chic. & N.W. Jen. consol. M., g., s.f.,notdr'nc.*&r 1,670 1872 500&c. 12,336,000 7 g. J. & D. do do Menominee R ver 1st M., two series (assumed)... 31 '76-'80 560,000 J. & J. do, do 7 1,600,000 Mil, & Mad. 1st M,, MU. to Madison (assumed) .c*- 82 1880 1:000 M. & 8. do 6 do 1,528,000 M.&N. 6 do do Chicago & Tomah 1st mort., guar. (asrmmed) . . · } 152 1880 601,000 1882 M.&N. 6 do do Chicago Milwaukee & N. W. construe. do ... 720,000 1:000 Escanaba&La ke SuperiorRR. lstM., (assumed). 43 1881 6 J. & J. do do 1,000 600,000 F. & A. .Oes Moines & Minn. lstM. ,Des M.to JewellJc.,&c. 57 1882 7 do do 1,000 1,600,000 M. & 8. OttumwaC.F.&St. P. lstM.($25,000V..m.), gu.. c* 64 1884 5 do do 1,000 1,500,000 M.& 8. do do Northern Tilinois lstM. ($20,000p. mile),guar.. c* 75 1885 5 C.&N.W.s.f.b'ds of '79 ($15,000p.m.)red.at105.c&r 1,041 1879 l,OOO&o 13,779,000 5&6 A. & 0. do do 1,000 1,411,000 IowaDiv. lstM.for$1,411,000 ($20,000 p.m.)c* do do 71 1891 412 A. & O. l,OOO&c 9,800,000 M.&N. Sinking fund debentW'es of 1933 (not dr'n).c*&r .... 1883 5 do do M. &N. 25-year debentures of 1909 ($6,000,000) ... c*&r .... 1884 1,000&c 3,869,000 5 do do 9,819,000 Al5&0 do 5 do 30-year debentures for $10,000,000 ........ c*&r .... 1891 1 ,000&c 1886 1,000&c 18,632,000 F15&A. do do Extension 4s, $20,000,000 ($20,000 p. m.) .. c&r 4 A. & 0. .... 150,000 do do 7 Minnesota Valley Ry. 1st mortgage .............. --·· M.& s. do 100,000 do 7 Plainview RR. 1st mortgage .... .... ... .... . ... ... ·-·· M.&N. 1,592,000 do ao 7 Winona & St. Peter 2d mortgage (now 1st) guar.. i39 1870-1 1,000 4,038,500 7 g. J. & D. do do 1st mort. extens., ~ld,land ~ant,s.f.,guar ... c* 184 1871 100 &c. 402,500 do J. & J. do Maple River 1st M., r. to Map eton, (assumed) 7 60 1877 M.& 8. 200,000 do do 7 Roch.&No.Minn.lstM.,gu.(assumedby.W&St.P.) 24 1878  t  i"ooo  M.if..  l  ----  Jan. Jan. Se°!t,t. Fe. July  isi;a  ....  3, 3, 1, 1, 1,  1895 1895 1898 1915 1898  May 1, 1916 June 1, 190~ Oct. 1, 1900 Apr. 1, 1911 June 1, 191:I June 1, 1917 Dec. 1, 1902: July 1, 190B Sept. 1, 1905> Nov. 1, 190:iNov. 1, 1901i» July 1, 1901 Feb. 1, 190'7 Moh. 1, 1 ~ Moh. 1, 1910, Oct. 1, 1929 ~r. 1, rnoa ay 1, 1933 Nov. 1 1909' Apr. 15, 192L Aug. 15, 1926 Oct. 1, 1908 Sep~ 1, 1908> Nov. 1, 1907 Dec. 1, 1915 July 1, 1897 Sept. 1, 1~&  I  --·· ---·  ----  Ohlca,ro & North•Western.-(SeeMap.J-Operates an important  GENERAL FINANCES.-To Jan., 1895, Extension 4s for $18,632,000, system of roads uniting Chicago, Ill., with Omaha, Ne):)., St. Paul, bad been listed on N. Y. Stock Exchange. Minn., with the great wheat belts or Dakota,.Nebraska, etc., and with LATEST EARNINGS.-From Jan. 1 to Nov. 30, 1894, 11 months, gross-,,. the mining regions of Michigan and the Black Hills, including$27,012,701, against $31,027,854 in 1893. Mil. Lake Shore & W. earnRoad ownedMiles. Controlled by stock, Miles· ings are included for all months in 1894, and in 1893 excepting only Lines owned in ree ........... 3,085 operated separatelyJune, July and August. Entire stock oumedFremont Elk Horn & Mo. Val.1,301 A.NNUAL REPORT.-Fiscal year ends May 31. The annual meeting ls Winona & St .Peter.... . .. . . • 449 Sioux City & Pacific.••• •••••• 107 held the first Thursday in June. The report for 1893·94 was in V. 09 Dakota Central..••.•••••••••• 724 p. 229. Bee also editorial, p. 254. Princeton & Western......... 16 Total or all ...... •···········6,439 The surplus of the year 1893-94 over dividends was as follows:.MilwaukeeLakeShore&W ... 757 2d track, 386miles. From the Chicago & Northwestern Railway, $400,950; from the - - , Also has large interest in Chi- Fremont E. & Missouri Valley, $65,545; from the land departmenti>o Total ind. in earns.•••••• .. 5,031 cago St. Paul Minneapolis & $245,827; total, $712,322, available for improvements, &c. Omaha, 1,492 miles. The following statistics are for the Chicago & Northwestern proper; HISTORY, &c.-The Chicago & North Western Railway was organ1zed the statistics of the Fremont Elkhorn & Mo. Valley a.re given be31~ in 1859, and has since absorbed many other roads. and in the CHRONICLE, V. 59, p. 290. In December, 1882, a controlling interest was acquired in the stock of Year endinf!. May 31. 1891. 1892. 1893. 1894. the Chicago St. Paul Minneapolis & Omaha Co., which see. Average miles oper.. 4,254 4,273 4,273 4,841 In J4k, 1884, the capital stocks (except a few shares) of the Fre- Passenger earnings .. $6,700,351 $7,298,880 $7,956,440 $9,226,46'7 monht E horn &teMdoin.Valley and the Siouxf City & Paciflc wdere ac9.uired Freight.............. .• 19,829,3 4 1 22,788,423 23,377,715 21,294,929 on, e terms sta the SUPPLEMENT o June, 188 5 , an pr1or issues. Mail & 1 263 982 1 334 969 1 375 0:.02 1474786 Their securities, except those heM bv Chic. & N. W .. are in table above. · 'express, c · ·.. ' ' ' ' ' ,.r" ' • In December, 1891, the Milwaukee Lake Shore & Western RR. was Total earnings ... $27,793,674 $31,422,272 $32,709,747 $31,986,;l.82 bought by- an exchange of stock, and on Sept. 1, 1893, it was formally Maintenance of way. $ 3 , 353 , 694 $ 3 , 920, 697 $4, 471 ,160 ~ merged mto the Cu. & N. W., all its liabilities and duties being as• .. cars, &c. 2 , 855 , 480 3 ,164, 548 3 , 386 , 053 UJ,S-67,GZS eumed. See V. 57 , p. 375 ; V, 56 , p. 792 · Transport'n &miscel. 11,227,355 12,323,031 13,433,750 CAPITAL BTOCK.-Of the common stock $2,332,958, and preferred T 854 476 928 162 1002190 104030a $3,284 remained in ~e co's treasury in June, 1894. Pref. stock has a axes .. ··············· ' ' ' ' ' ' Total expenses .. $18,291,006 $20,336,438 $22,293,153 $20,907,930 a prior right to 7 p. c.; then common 7 p. c.; then preferred 3 per cent; then common 3 per cent; then both classes share. Dividends on common were formerly paid June and December 30. The dividend O Net earnings ......... $9,502,668 $11,085,834 $10,416,594 $-11,078,25Z. common due Dec. 30, lti9!, but paid Jan. 3, 1895, was for 212 per Al'tit P. c.exp. to earnings. (6!>·81) (64·72) (68·15) (65·37) instead of 3 p er cent, as i..:,r many previous half-years. (V. 59, p . 968.) Investments, etc..... 259,585 317,736 767,635 431,67~ DIVIDENDS since 1881- 1882. 1883. 1884, 1885. 1886·93. 7 7 6 612 · · · · · •· · · · · · · · PCoIIJmond. 7 3t,a, 8 0 712 7 yearly. reLerre · · ···· ······· yearly. In 1894-Common, July, 3 per cent. In 1895, January, 212 per cent. Prefe1..,,·ed, in 1894, March, 1~ per cent; July, 1a4 per cent; September, 1~ per cent. In 1895, January, 312 per cent. BONDS.-Thefeneral consol. mortgage ot 1872 is a mortgage on all the property o the company at the date of the mortgage; the issue oa.n be increased only to retire a like amount of prior bonds. The sinking fttnd bonds of 1879 are secured by deposit in trust of $15,000,000 of 1st mortgage bonds at $15,000 per mile on subsidiary lines, the most important bein~ described in SUPPLEMENT of May, 1894. Of the sinking fund bonds of 1879 $6,305,000 are 6s; the sinking fund is at least 1 per cent ot outstanding bonds, which are subject to call at 105; and through its operation the amount outstanding has been reduced from $15,000,000 to the present figure. The Iowa Division bonds of 1891 cover road from Wall Lake to Kingsley, Iowa, 71 miles. Bee V. 55, p. 217. The sinking fund debentm·es of 1933 have a sinking fund of $200,000 per year, if they can be redeemed at 105. Debentures of 1884 and 1891 will be secured by any future mortgage excepting any mortgage" for the enlargement, improvement or extension of the company's property." Chicago & Northwestern e:ttttision bonds o-' 1886 are secured by d The it f11'I epos 1n trust of st mortgage bonds at a rate not exceeding $20,000 per mile. Included in the collateral Feb. 1, 1893, were $l0,675,000 Fremont Elk Horn & Mo. Valley lats and $2,560,000 Wyoming Oentral lsts [the Wy. Cent. having been consolidated with F. E. & M. '.], etc. See F. E. & M. V. bonds below. Union Trust Co. of N. Y., trustee. The FremontElkhor1HtMissouri Valley conso'shave a first lien on 1,170 miles (Fremont, Neb., to Deadwood, D. T., 557 miles, and branches to Hastings, Albion, &c., 613 miles), but besides the amount of issue given as outstanding in the table $10,675,000 are held as part collateral for Chicago & Northwestern extension bonds of 1886. The Northwestern assumed $3,600.000 of the Fremont Elkhorn & Missouri Valley bonds and guarantees the rest. See guaranty Y. 56, p. 650. The Milwaukee Lake Shore~ western debentures are convertible into atock at par at any time within ten days after the date fl.xed for payment of dividends on common stock. The equipment bonds of 188G are sub• ject to call $100,000 per year at 105, and the Ontonagon 1 st mortgage $25,000 per year at par, and all redeemable at 105. The extension and imyrovement mortgage sinking fund commences in 1893, and will rece1ve not less than $25,000 yearly ; these bonds are not subject to call. Payment of interest on the $1,120,000 st. P. Eastern Grand Trunk i 6s wl.lich was guarantf'ed by Mil. L. s. & w. h as been assumed by Chic.' & N. W., but no liability is incurred for the payment of the principal. In addition to the company's bonds, as shown in the table above there were May 31, 1894, $2,312,500 alive in the sinking fund. ' LAND GRANT.-The report for 1893-94 showed that the total consideration for the lands and lots sold in that year amounted to $175,0 6 5. Total cash receipts were $342,286. The statement of amounts secured to be pa.id to the company by outstanding contracts of sale in force at the end of the fiscal year showed a total of $1,385,018. The lands unsold and uncontracted for May 31, 1894, were 748,565 acres.   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  Z  Total receipts.... $9,762,253 $11,403,570 $11,184,229 $11,.5-0ll,9,2 5Interest on debt ...... $5,880,390 $6,072,960 $6,204,319 $6,8175-,.232: Divid d 3 A A5 804 3 675 735 3 906 562 3 en s. · ··· ··· · ··· ,- , , • , , ,.,vv-,u~9-... Sinking fund ........ _. 201,301 410,425 200,200 327,l.5(> Milwaukee Fire acct. _ _ _ _ _ _ _ _ 222,870 T Otaldi b 'ts $9 527 495 $10 159 120 $10 533 951$11108 976' s ursm · ' ' ' • ' ' ' ' Balance, surplus..... $2a4,758 $1,244,450 $650,278 $400,949 FREMONT ELKHORN & MISSOURI V .ALLEY. Yr.end. l.fay31. 1891. 1892. 1893. 1894. Grossearnings .....•• $3,310,239 $3,481,236 $3,653,678 $3,334,75& Net earnings......... 1,051,612 1,104,349 1,151,236 1,093,852: Total charges........ 990,411 1,031,477 1,030,669 1,028,308, ----- ----- --- Balance,surplus.. ... $61,201 $72,872 $120,567 $65,544 BALANCE SHEET.--Balance sheets of Ch. & No. W. May 31 as below: Assets1892. 1893. 1894. Road and equipment. ... ..•••• $161,107,982 $165,935,481 $180,209,711. Bonds owned:................. *14,892,419 *15,000,087 *23,921,022:: Stocks oWLed................ .• 22,051,9{'7 22,053,474 14,317,742: Land grant investments...... 1,146,760 420,925 457,982 Billa and accounts receivable. 1,994,771 1,980,464 1,700,008 2 •143 •382 1 •777, 254 , 1 , 886 ,959 Materials, fuel, &c .. · ·•· · · · · ·•• Cash onhand.................. 2,422,769 2,793,753 2,309,607 Trustees of sinking fund...... 6,129,761 6,486,181 6 ,817,106 _ _ _ _ _ _ _ _ _ _ _ _ _ __ T t 1 t8 $211 889 801 $216 557 324 $231 510 43~  =  Liaiifuf:!~  ··-·········--·  '  '  '  '  '  '  Stock, common and preferred. $t63,723,320 t$63,724,321 $63,726,321 St' cksofpropriet'ryroads,&c. 519,510 519,510 519,510· Bonded debt .................• 114,235,500 117,100,500 130,113,500• Purchase acct. M. L. S. &W... • . ......... 8,550,000> Dividends declared, not due.. · i.,f56i:997 · i,562,434 1,562,43~, Sinking funds paid............ 5,405,696 6,129,761 ? 6 ,817,106, Accretions to sinking fund. . . 724,065 356,420 S Securities for cap. stock lss'd. 10,009,823 10,009,823 2,334,267 Securities_ retired from income 335,000 640,000 890,000• Curr~nt bills, pay-rolls1 &c.... 2,470,10"; 2,390,486 1,802,232: Uncollected coupons, ~o...... 164,8',6 123,356 175.748 Due to_roa<;l-sin Iowa.......... 1,186; ,35 1,141,802 1,440,077. 174 ,5 6 1}. Consolidation Coa~ Co:•···•;•• 12? ,520 l3l,325 Ac;icrued and accrlllllgmter st. 1,6~.l,589 1,674,428 1,846,387 Misceµaneous..... . . . . . • . . • . .• 100,580 284,429 1~7 ,52~ Land mcome account......... 2,956,300 3,403,267 3,6 ...4,34...... Railroad income account..... 6,715,183 7,365,462 7,766,411 . ---- - . ~ a l liabilities ..••.•... -.$211,889,Sll $216,557,324 $231,510,432. * Includes $13,235,000 bonds pledged as collateral. t Inclu~g $2,345,164 common and $2,284 pref'd_in co.:s treasury.. t Includ1:11g $2,331,958 common and $2.285 pref: m c?· s treas1...._y .. ,-r Including $2,332,958 common and $3,285 pref. m Co. s treasury•• -(V. 54, p. 225,525,903,923; V. 55, p. 199, 213. 21 '7', 1036; V. 56., p. 226,792. 923, 1015; V. 57, 2'7 li. 297', 302,375; V. 58, p. 452, 987; V. 59, p. 228,229,254,290, 968.)  MAP OF THE  = (6)  CHICAGO & NORTH·WESTERN RAILWAY SYSTEM. <  . z 0  E  § U1  ~  0  ~ ~  00  ~ ~  I  ?-3  N   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  E  ,....., <  0  r  ~  JANUARY,  39  RAILROAD STOCKS .AND 130NDS.  1895].  Subscribers -will conCer a great Cavor by giving hnmedlate notice oC any error discovered In these Tables. Bonds-PnnoiINTEREST OR DIVIDENDS. RAILROADS. Miles Date Size, or Due. Amount Rate per When Where Payable, and by pal,When Par Stocks-Last For explanation of column headings, &c., see notes of of Whom. Dividend. on first page of tables. Road. Bonds Value. Outstanding Cent. Payable -  ---  ---  Chic. d! North-W.-(Oon.)-Da.kota Cent. lstM., gu. ...... 71 1882 Dak.Cent. lst M. on So'eastDiv. (to Hawarden) gu. 125 1882 Frem.Elk. &M. V.consolM.$20,000p.m.seetext. 1,170 1883 $i:c,oo Sioux (Jity & Pao. pref. stock (1st mort. on 6 m.). ti 100 500 &o. 1st M. Sioux: City to Fremont (assumed.) ..... - 101 2d M.Gov't lien (acor.int.Jan.1,'95 $2,313,771). 101 1868 500 &o. Car trusts ................ . ... . ...... . .......... .. Milw. L. Sh. & W., UOnsol. M. (now 1st) gold ... c* 4°i6 1,000 Michigan Div. 1st mort. (for $3,000,000), g .. c .. 85 1884 40 1885 1,000 Ashland Division 1st mortgage, gold.......... o* 1,000 1st Ms. Hurley& Onton. br'ohes,g., (dr'nat 100).c 16 1886 697 1,000 1887 Oonv. debentures, secured by mort of ' 8 ~ .. o" 1,000 Ext. & Imp. M. for $5,000,000, g., s.f. not n.c* 697 1889 Income bonds (not cumulative) ................ r 1,000 1881 Marsh.Ex.lstM.for$600,000 ($15,000p.m.).c* ·40 1892 1,000 Bt. P. E. Gr'd T. lst,M. g.,int.gu.by M. L. S.&W.c* 1,000 56 1883 Chi/Jago P«oria cl St. Louis-Receivers' certificates. 1894 1st mortgage, gold ..... . ........... .... ...... .... o• i20 1888 1,000 1st oonsol.M.g. ($15,000 m) ($300,000 are 6s).o* 170 1889 1,000 Consol. mort. for $20,00 ~er mile, gold ... . . .... o .... 1891 100 <Jhicag@RockislandclPac.- tock (for 150,000,000) l8t mort., Chio., ru., to Council Bluffs branches.o* 736 1,000&o Chio. & 8outhw. 1st M. <&{;,incur. by C.R.I.&P.). 268 1869 100 &o. 1st M. ext. and col. ($20, m.) red. aft. '94.c&r 2,153 1884 1,000&o Debenture bonds (redeemab eat 105) . ..... . o*&r. 1891 1,000&0 Chicago St. Paut cl Kansas Oity-SEE CmCAGO G REAT WESTE RN. 100 ... Ch~o St. Paul Minneapolis cl Vmaha-Com. stock. 100 Pre erred stock, non·oumulati ve (see text) ....... 500 &o. Bt. Paul eltillwater & Taylors' Falls 1st mort ... . c ·2i 1,000 12 1878 Hud. &River Falls 1st M.,Hudson to River Falls.a Ch.St. P.&Minn. lstM.,g.,ElroytoL. St.C. ase' d.o• 177 1878 500 die.  i868  i:ooo  issi  Uioo  8·  ·--· i877  f·  ....  . i878  I  M. & 8. N. Y., Office, 52 Wall St. $1,007,000 6 do do M.&N. 2,000,000 6 do do 7,725,000 A. & 0. 6 do do 169,000 7 pe~ an. A. & 0. J. & J. do do 1,628,000 1,628,320 6 J. & J . U.S. Treas.,atmaturity. N. Y. Office, 52 Wall St. 78,000 6 do do 5,000,000 6 g. M:·&·N. do do 1,281,000 6 g. J. & J. do do 1,000,000 6 g. M. & 8. 6 g. A. & O. do do 47,000 do do 5 g. F. & A. 436,000 do do 4,148,000 ~ g. F. & A. M.&N. do do 500,000 A., & 0. do do 400,000 5 1,120,000 6 g. J. & J. do do 300,000 6 1,500,000 5 g. M:·&··s. Moh., '93, coup. last pd. 1,041,000 5 &6 g. M.&N. May, '93, coup. last pd. 1,276,000 5 g. J. & D. June, 93, couN last pd. 46,156,000 See text. Q.-F. New York an Chicago. N. Y., Broad St, 12,100,000 J. & J. 6 do do 5,000,000 M.&N. 7 do do 40,444,000 J. & J. 5 do do M.& 8. 4,500,000 5  Sept. 1, 1907 Nov. 1, 1907 Oct. 1, 1933 Oct. 1, 1894 Jan. 1, 1898 Mar. '98 &' 99 Mar. 1, 1896 May 1, 1921 July 1, 1924 Moh. 1, 1925 Apr. 1, 1896 Feb. 1, 1907 Feb. 1, 1929 May 1, 1911 Oct. 1, 1922 Jan. 1, 1913 Inorbef.2 yn. Mar. 1, 1928 May 1, 1939 June 1, 1941 Feb. 1, 1895 July 1, 1917 Nov. 1, 1899 July 1, 1934. Sept. 1, 1921  18,559,360 11,259,913 See.text. F.".& A . N. Y., Office, 52 Wall St. do do J. & J. 334,800 7 do do 125,000 J. & J. 8 do do 3,000,000 6 g. M.& N.  Aug. ·20: ·i894 Jan. 1, 1908 July 1, 1908 May 1, 1918  00  Chicago Peoria & St. Louls.-Owns from Pekin, lll., to Jackson· Year ending March 31ville, J¥., and Havana to Springfle~d, 120 1!illes, and Lit~hfleld to East Miles owned an_d operated...  1893. 3,610 $5,843,146 13,302,196 1,825,768  1894. 3,571 $6,538,568 12,852,979 1,647,527  Gross earnings ....••...... $18,690,075 Operatingexpenses........... 13,14;J",057  $20,971,110 15,083,689  $21,039,074 14,977,480  Net earnings.············· $ 5 , 543 ,018 P. c. of oper. exp. to earns ... . (70·34) From land department, etc.. $70,000 Chio. Kan. & Neb. interest.... 52,200  $5,887,421 (71·93) $60,000  $6,061,594  1892. 3,456  St. Loms. 50 miles; uses Merchants Bridge mto St. Lows, 2 miles.; track· Passenger earrungs .. .. ....•• $5,216,761 age, 13 m. Extension to Rook Island partly graded. Freight.... .............. . ..... 12,289,636 HISTORY.-Organized in 1887. With its allied lines formed the J a.ck- Mall, express, rentals, eto. .•• 1,183,678 eonville Southeastern system. Default on 1st mort. occurred Sept., ----  1893, and on Sept. 21 C.H. Bosworth and E. E. Anderson were made re~Ivers. Suits to foreclose the mortgages are in progress. In June, 1894, Mr. Anderson resigned as recf\iver. RE0RGANIZATION.-The plan provides for first mortgage $5,000,000• .gold, 4 per cent till July 1, 1897, then 5 per cent; second m01·tgage i112t500,000, gold, to be income 5 p. o. bonds, company to have right to reauce them to 4 p. c. as a fl.x:ed charge; $2,500,000 non-cumulative 5 p. o. preferred stock, and $2,500,000 common stock. Stockholders of the company to be assessed $5 per share, receiving therefor new pref. at 40 p. o. See V. 58, p. 81. Depositary, Mercantile Trust Co .. N. Y. In March, 1894, the plan was declared operative as to Chic. P. & St. L., but Jack. L. & St. L . securities were excluded, and the North & South of lliinois (which see) was substituted. V. 58, p. 512. Bonds have nearly all been deposited under the plan, EXCHANGE OF BONDS.New Firsts. New Seconds. New Pref. Ch. P. & St. L. 1st M. ......... ... ... $900 $200 $400 First consols...................... 900 200 400 Second consols.................... .... 1,150 250 North. & South. of lliinois lsts .. 1,000 FLOATING DEBT.-On Sept. 21, 1893, the Chic. Peoria & St. L. had unpaid taxes, vouchers and pay rolls, $334,600; car trusts and equipment n otes, $407,922; loans, including joint liability on advances for betterments by Adams Express Company, $402,402; total,$1,144,924. In Ma.y, 1894, $300,000 receivers' certificates were authorized. EARNINGS.-Including Jacksonv . Louisville & St. L., 112 miles. From .Jan. 1 to De<'. 31, 1894 (12 months), gross earnings were $901,393, .against $966,626 in 1893. For year 1891·92 gross earnings $1,288,· -095; net, $386,400, against $272,400 in 1891. (V. 57, p. 510, 763, 808; V. 58, P• 81, 512. Chicago Kock 181and & PacUlc.-( See MapJ-RoA.D.-Operatea from Chicago, Ill., via Omaha, Neb., to Denver and Colorado Springs, Col., and via Kansas City, Mo., to Fort Worth, Texas, with branches. The sys rem, as will be seen on adjoining map, includes: Lines ownedMiles. Leased, etc.-(i!Which see.) Miles· Chio.,ID.,toCouncilBlu1fs,Ia. 499 Peoria& Bu.reauValley .... ,r 47 Davenp't, Ia., to Atch'n, Kan. 342 Keokuk & Des Moines ...... 1r 162 Elwood to Liberal, Kan...... 440 Des Moines & Fort Dodge.. ,r 143 Herington,Kan.,toTerral,I.T. 349 Trackage to Kansas City, Horton, Kan., to Roswell,Col. 569 No. Topeka, Kan., Denver, Branches ............ ••···•···· 682 Col., Pueblo, Col., etc...... 338  Total owned Apr. 1, 1894 .. 2,881 Tot.linesoper.Apr.1, 1894. 3,571 The Chicago Rock Island & Texas, from Terral to Fort Worth, Tex. , '93 miles, was completed in July, 1893. It is owned by the Rock Island, and its bonds are all deposited for the R. I. extension and collateral mortgage, but the road in March, 1894, was operated separately. HISTORY.-The present Chicago Rock Island & Pacific was a oon.eolldation June 4, 1880, with $50,0001000 stock authorized, and a atook dividend of 100 per cent to the nolders of Rock Island stock Chicago Kansas & Nebraska is now owned in lee simple. V. 5:i, p. 223: DIVIDENDS 51881-87. '88. '89. '90. '91. '92. '93. '94. '95. eince '80, P.ct. c. 7 yearly 612 4 4 3 4 4 312 below In 1895, Feb., 12 p. c. BoNDs.-The extension and collateral trust 5 per cent bonds (trustee of mortgage United States Trust Company) are issued at the rate of f15,000 per mile for single track./ $5,000 per mile additional for equip• ment and $7 500 for seconu track. They are secured by the direct lien of a fust mortgage or by deposit with the trustee of an equal a.mount of first mort. 6 p. c. bonds of branch lines, and (since July 1. 1894,) are red'le at 105 in the order of their numbers.beginning with the lowest. On Dec. 29, 1894, there were $40,444,000 of these bonds outstandmg, and $255,000 had been canceled for the sinking fund; of the total originally sold $32,295,000 were issued at $15,000 per mile ~n 2,153 miles of track; $1,200,000 for Kansas City terminal property .and $7 214 000 for equipment See morto-age b t t v 47 260 0 The debe:iitures of 1891 (U. s·. Trust Co., trust!e)s ~!~e' is~ued pay tor terminals and betterments as needed. The issue is for $10,000,000 and the bonds are redeemable on notice any coupon day at 105. In ..lune, 1894, $1,500,000 debentures were sold for improvements. GENERAL FINANCES.-The sale in Oct., 1894, of the Minneapolis & .St. Louis-which see-realized for the Rook [sland $3,832,000 in cash. V. 59, p. 738. In June and July, 1893, $1,230,000 extension and col• .lateral trust 5s were issued for 82 miles of road toward Fort worth, .rex.; the remaining 9 miles to that city were completed in July, 1893, -and $175,000 of 5s were issued for road and equipaient.  (71·14)  $43,038  Total income.............. $5,665,219 $5,947,421 $6,104,632 Rent leased roads............. $774,806 $739,016 $692,617 Interest on debt............... 2,813,325 3,038,786 3,199,825 Missouri River bridges....... 143,858 121,566 157,460 Dividends .. ......•••..••••.... (3) 1,384,674 (4) 1,846,232 (4) 1,846,232 Balance, surplus.............. $548,556 $201,821 $208,498 -(V 56, p. 247, 700, 972,974, 992, 1015; V. 57. p. 181, 639, 723, 853; V. 58, p. 964,986,987,989, 1035; V. 59, p. 738.) Chicago St. PauJ & Kan. Clty.-See CHICAGO GREAT WESTER1'. Chlcag__o St. Panl lUlnneapolls & Olllana.-(See Map Ohicago cl North ,restern.J-R0AD.-Mainline-Elroy, Wis., to Omaha,~eb., 593 miles; other lines, 899 miles; total, 1,492 miles, of which 1,412 mile8 are owned, 69 miles leased and 11 miles proprietary road. Extension from Ponca to Newcastle, Neb., 11 miles, was opened August 24, 1893. HISTORY.-This was a consolidation July 1880, of the Chicago st. Paul & Minneapolis, the North Wisconsin and the St. Paul & Sioux City . In November, 1882, a controlling interest in the stock was purchased for the Chicago & North Western Railway by the acquisition of 93,200 shares of common and 53,800 shares of preferred. ST0CK.-Authorized common, $21,403,293; preferred, $12,646,833. Preferred stock has a prior right to non-cumulative dividend of 7 per cent; but common is never to receive more than is paid on preferred. DIVIDENDS, 5'81·'84. '85. '86. '87. '88. '89. '90. '91. '92. '93. '94 Preferred, P.ct. c. 7 p. an. 434 6 6 6 3 4 4 612 7 7 In 1894 dividends, formerly J. & J., were changed to F. & A. BoNDs.-In 1893 consols for$276,000wereissued. There are also $75,000 Minneapolis Eastern 1st m., guar., 7s, due July 1, 1909. LANDS.-The land sales in 1893 were 15,947 acres, for $44,936, in eluding lots; land contracts and notes on hand December 31, 1893, $501,968; lands undisposed of, 468,996 acres. LATEST EA.RNL"'iGS.-From Jan. 1 to Nov. 30, 1894 (11 months), gros8 earnings were $6,763,531, against $7,588,815 in 1893. ANNUAL REP0RT.-Report for 1893 was in v. 58, p. 494,510, 1034. Year ending Dec. 311891. 1892. 1893. Passenger earnings ..........••. $1,956,982 $2,135,338 $2,072,099 Freight. ... ... ................... 5,718,281 6,689,015 5,893,011 Mail, express, &o...... ....••.. 346,049 372,589 363,818 Total gross earnings ........ $8,021,312 Operating expenses and taxes. 5,446,114  $9,196,942 6,368,296  $8,328,928 5,843,~33  Net earnin~s ...• ••...•.....• $2,575,198 $2,828,646 $2,485,395 Net rentals paid................ 89,021 92,672 141,720 Net int. on debt (less othflr inc.) 1,346,827 1,346,782 1,378,599 Div. on pref. stock . ...••........ (5) 562,840 (7) 787,976 (7)787,976 16,972 34 , 524 Loss on prop. roads.··········· surp1us Of RR • c0 • • • • • • • • • • • • • • $559 ' 538 $566 692 <1>177 100 "' • • Net from land sales . ............ $46A, 728 $368,468 $132,332 -(V. 56, p. 205, 461, 972, 914,375; V. 58, p. 305, 494, 510, 1034; 152 V. 59 • p. ·> Chicago & Southeastern Ky.-Operates Anderson, Ind., to Brazil, Ind., 106 miles, of which 12 miles, Waveland to Land Creek, 18 trackage over St. L. Van. & T. H., leaving 94 miles owned. Formed in 189 l to succeed Midland of Indiana, reorganized. The Midland of Ind. mort.,.age (assumed) has been limited to $375,000. On Nov. 26, 1894, app~ication was made for a receiver. (V. 58, p. 941; V. 59, p. 968, 1057.) Chicago & South Side RaJ_>ld 'l'ranslt.-(" Alley Elevated." -Owns elevated road in operation in Chicago upon a purchased ri~ht of way from Congress Street to Jackson Park, about 834 miles of double and triple track. Financial provision has all:!O been made for extending the road to Englewood and other paints in the southern district of Chicago, and for building a loop north of Congress Street. Exten• sion onjWabash Avenue to Lake Street also proposed, and in March, 189-1, property owners were said to have consented. Stoos:, $7,500,000; par, $100. Mortga/lP of 1889 covers road from Congress EARNINGS.-From Jan. 1 to Dec. 31, 1894 (12 months), gross $16,333,- Street to 63d street, and the bonds are subject to call for payment after -855, against $l9,54l,5Z6 in 1893. oc~ 1, 1899, at 110 and interest on any coupon da.v. The mortgage A.NNuAL REPORT.-The fl.seal year ends March 31. Annual meeting of 1893 is a fl.rst lien on extensions south of 63d Street. In Feb., 1894, la held in Chica~ on the first Wednesday in J!-1lle. Report for 1893•94 $2,000,000 extension bonds were unissued. Trustee of both mort;gages t n full was in v. 58, p. 964, 986, 989. Earn.mgs, &o., have been: 1s the Northern Trust Co. of Illinois. V. 56, -p. 331.   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  ~o   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  0  ~  z  ~  t_%J 00  >-3  0  ~  ua rn  q  ~  t-1  ~  ~  ~  ~  MAP OF THE  CHICAGO, ROCK ISLAND AND  0  PACIFIC RAILWAY SYSTEII AND ITS CONNECTIONS.  1 ~  RAILROAD STOOKS AND BONDS.  JANUARY, 1895.J  Subscribers ff'ill conf'er a great f'avor by giving l.rnmedlate notice of' any error dl8covered In these Table8. Bonds-J>mel INTEREST OR DIYIDENDS. RAILROADS. Miles Date Size, or pal,Wl:ten :Due Amount Par of For explanation of column headings, &c., see notes of Slotks--La.st-Rate r,er When Where P~able, and by on first page of tables. Road. Bonds Value. Outstanding Cen . Payable . om. Dividend&. Ohie. St. Paul Minneap. cl: Omaha-(Ooncl'd)St. P. &Bi'xC. lat M.,g.($7,000,000)$10,000p.m.c 607 80 No. Wis.1st M. Lake St.C. ton'rSpooner ass'med.o* Bault Ste. Marie & Bouthwest'n 1st M., assumed.c 37 Ch.St.P.M.&O.con.M.,$30,000,000($15,000p.m)o• 1,412 94 Chicago <f Southeastern-Mid. of lnd. lst M., gold .. o 94 C~msol. mortg~~e, $20,000 ~r mile, gold ........• Chic. <IS. S. HapidTran.-lst .,g.,s. f. Seetext.o lat mort~a11:e on extension, $5,000,000, gold .... o Chifago ct: Texas-lat mort., $2,500,(_)00,Jold .. . c&~ ·60 48 Chu. <f W. lnd.-lst M.~. f., subJ. ca at 105.c General mort., ~old, s g fund, see text . .... c* 48 Chicago <f West Michigan-Stock (in trust $63.600). Grand Rapids Newaygo & Lake Sh.1st M.2d Div. ·10 Chio. & West Mich. general mort. ($12,0008.m.). c* 482 Ch.& No.Mich.lstM.~u.,p.&t.end.$18,00 p. m.o* 93  ....  ~~~o!i~rt~:~~:...·:.~:~:~~·:.~:~·.:~~:.~~~.~~:~  Choctaw Okla om• cl: Gulf RR.-Priorlien,g.,text.c*  ~3~~f~c~~~t~~i~s!~.'~~~~~~•. ~.~~~::::::::::: :~~  Cin. Dayton <f Ironton-lat M., gold,f.1:ar. p. & i.c* Cincinnati Hamilton <f Dayton-Stoc ..............  Preferred stock, Series A. & B, $j00,000 each .... do "Eagle" i.e. "legal" not ille~al Ives stk. Consolidated mort. (now 14) $ & £, sink. fund.c* do do .................. o* do do ..•............... c* Second mortgage, gold ... .......... .......• ....•. c* ~eneral _mortg~e, ~7,800,000,Jold ... ....... .. c• Cin. Hamilton cl: ndian~.g--lst ., guar. p. & i. . . General mort. for $3,80 ,000, gold, to be uar ... Cinn. Jaekson ti Mack.-1at M. for $4,800,0 0, g.o*  3  ---·  ·97  ..... .......  --  1879 $1,000 1,000 1880 1,000 1890 1,000 1880 1,000 1887 ........ . 1891 1,000 1889 1,000 1893 1,000 1893 1879 1,000 82·92 1,000 100 500 &c. 1,000 1881 1,000 1891 1,000 1892 1894 ·--·- 1,000 1894 1894 1,000  is15  164  is9i  ....  ....  ..... ......  60 60 60 69 60 99 99 331 .  . ...  is15  1875 1875 1887 1892 1873 1893 1892  i:ooo 100  100 100 1,000 1,000 1,000 1000 1,000 1,) )0 1,000 1,000  $6,070,000 800,000 400,000 14,006,327 375,000 (1)  7,500,000 3,000,000 950,000 1,548,000 9,652,666 7,448,200 19,000 5,75ti,OOO 1,667,000 342,000 92,812 1,000,000 4,500,000 1,100,000 3,500,000 4,000,000 1,000,000 613,900 1)96,000 1,347,000 410,000 2,000,000 3 ,000,000 2,500,000 1,333,000 4,2!>0,000  6 g. A. & 0. N. Y. Office, 52 Wall St. J. & J. do do 6 M.&N. do do 5 J. &D. do 6 do li g. J. & J. ----·· ···· 5 g. -·-·· 5 g . A. & 0. N.Y.,Bk.of Com. & Ch. 5 g. J. & J. Northern Trust Co. 5 g. A. & 0. N. Y., Mercantile Tr. Co. 6 g. M.&N. N. Y., Drexel, M. & Co. 6 g. Q.-M. do do See text. See text. F. & A. J. & D. N. Y., Un. Tr. & Boston. 7 See text. J. & D. 5 M.&N. See text, 5 J. & D. Boston. 6 Semi-an 5 6 g. A. & 0. Pliii'aa.eii>iiia. 5 g. J. & J. 1st coup. due Jan. '96. ....... 5 do 5 g. M.&N. N. Y.,Kessler&Co54Wall Bee text. i:-F. Cincinnati. 4 per an . .-J. do 4 per an. Q.-M. do A.. & o. N.Y.,Kessler&Co54Wall 7 A. & O. do do 6 A. & O. 5 do do 41.gg.J. & J. do do 5 g. J. &D. N.Y.,Blair&Co.,33Wall 7 J. & J. N. Y .,Kessler&Co54Wall 5 g. J. & D. do do 4 ~- J. & D. Dec.,'94, coup. not paid  l  Apr. 1, 1919• Jan. 1, 1930 1 Nov. 1, 1915i June 1, 1930 ' Jan. 1, 1917' Oct. 1, 192~ Oot. 1, 1929 Jan., 1933 Apr. 1,. 1933. Nov. 1, L9!1.9! Dec. 1, 1982 Feb. 15, 18951 June 1, 19ecs Dec. 1, 19ft May 1, 1931 .June 1, 1902 1004 Oet. 1, 1919 Oct. I, 1919 May ..i;·i9n Nov. 3, 1894 Jan. 2, 1895', Deo., 1894 Oct. 1, 1906 Oct. 1, 1005 Oot. 1, 1005 Ja.n, 1, !937  June 1. 194.~ Jan. 11,. D9'(JS June, 1'943 : June 1, 199Jl  (1hlcago & Texas.-Owns from Cape Girardeau, Mo., to Carbon-, Olnclnnatl Dayton & Ironton.-(See map Oincin•a,ti, Hami~ dale, ID., and branch to Harrison, Ill., 60 miles, ton <I Dayton.) Operates from Dayton to Ironton, Ohlo JJse· ~ A coni;,olidation in 1893 of Graud Tower & Cape Girardeau and Grand standard gauge, of which 8 miles between Bakers and Bye-,8 and 12; Tower & Carbondale. Common stock authorized, $1,500,000; non·cu- cnUes between Deans and Ironton under trackage contracts· also owns. mulative 5 per cent preferred, $1,000,000; par, $100. Outstandin11; from Wellston to Buckeye Furnace, 12 miles, and coal branches l<b Feb. 1, 1894, $1,025,000 comm.~n and $137,000 pref. First 5s for $1,- miles ; total owned, 164 miles; total operated, 184 miles. ' 500,000 are reserved for extensions. HISTQl\ y ~Btrnae ded to a portion of the D yton F 0 rt w & Cti'E~r_nings 6 months ending ~e?. 31, 1893, gross, $105,980; net, $34,- ea~o sold.in foreclosure Jan. 2o, 1 8 9 1 (see~. 52, p. Hl4).a~:ABE1) in 106, mterest on bonds , $ 2 3,7 aO, (V. 5 7 , p. 2 55.) April, 1891, for 99 years (renewable forever) to the Cincinnati Hamil• Ohlc~o & Western Indlana.-Owns a valuable terminal sys• ton & Dayton, which guarantees the bonds, principal and interest, by tem of roads affor<ling entrance into Chicago to the roads named endorsAm.ent, and will turn over to lessor one•half the net income, below. Its lines extend from Dearborn Station, Polk Street, Chicago, remaining after the payment of operating expenses, taxes and interest. to Dolton, 17 miles, also to Indiana State Line, 10 miles, to Proceeds of $500,000 of the bonds were reserved for extensions. Cragin, 16 miles, and to South Chicago, 5 miles ; total, 48 miles; total EARNINGs.-For year ending June 30, 1893, gross earnings $760,017 tr<1ck, including 2d, 3d, 4th tracks and sidings, 194 miles; also owns net, $301,671; charges, $175,218; new construction, $57,226; balance• 860 acres of real estate, passenger and freight yards, warehouses, surplus, $69,227. In 1891·92 gross, $600,469; net, $189,399. Bee V• elevators, etc. The Belt Ry. of Chicago leases and operates 72 milos of 52, p. 534, 680; V. 57, p. 1038. Stock, $5,000,000; owned by C. H. & D· the 194 miles owned by the Ch. & W. I., its securities being all held by the companies leasing the Chicago & w. I. Cincinnati Hamilton & Dayton.-(See Map.)-Operates a dbeei LEASES.-This company's road and terminals are leased under per• line between Cincinnati and · Toledo, Ohio, with branches to Jn.petual contracts to the Wabash, the Chic. & Grand Trunk, the Chicago & dianapolis, Ind., and Ironton, on the Norfofk & Western, etc. Eastern Illinois, the Chicago & Erie and the Louisville New Albany & _Ro(!,d owned--(,i Su thisjOo.).Jliles. Roads controlledM'ilu;. Chicago, each of which five companies owns $1,060,000 stock. They Cmcmnati to Dayton, 0 ........ 60 Cincinnati Hamilton & Ind... ,- 99' a:re also leased to the Atchison and the Belt Railway. The annual Roads leasedCincinnati & Dayton ..••...•.•• 18' :rentals provided by the leases must al ways exceed by at least 20 per Dayton & MichiganCin. Dayton & Chicago, etc ..•. 143 eent the interest on the bonds at any time outstanding. D a yton to Toledo ........... frl42 CAPITAL STOCK, $5,000,000, all owned as above stated. Dividends Cincinnati Dayton& Ironton'lf.184 Total of all .......•.••...••.. 641 pa.id at irr~gular intervals-6 per cent in 1892, and in 1893 6 p. c.; in ,r See th at company. 1894, 6 per oent. Owns jointly with Big Four the Dayton & Union-which see. BoNns.-Bin.k:ingfundpayments(amormtingin1893toabout$135,000) HISTORY, ETC.-Chartered in 1846. Main line opened bl 185lii, annually retire a portion of the first mortgage bonds at 105 and inter- Leased lines added at various times since. est, and after they are all drawn the general mortgage bonds become DIVIDENDS. { '83. '84. '85. '86. '87. '88, '89. '90 to Nov., ' 9<. subject to same smking fund and will be drawn at same price in such Common, P. ct. 9 6 6 7 6 nil 5 yearly annual amounts as will retire the debt at or before maturity. In Sept., Preferred, 6 6 6 and since 4 per cent yearly. 1894, $14,152,000 general 6s had bePn issued, of which $2,500,000 BONDS.-The_general II?-Ort~ageis for $ 7 ,800,000, of which $4, 800 ,000. were reserved to retire firsts and $1,999,333 h ad been vaid back to reserved to retll'e the prior hens at maturity; the prior bonds must not; compauy for debt and canceled. be extended; trustee, Mercantile Trust Company of N. Y. The mortga.ga,, REPORT for 1893 was in V. 58, p. 986. (V. 56, p. 373, 1014; V. covers the perpetual lease of the Dayton & Michigan, the profits un57, p. 144, 178; V. 58, p. 430, 476, 986; V. 59, p. 423, 476.) der which are large. V. 54, 799; V. 55, p. 373. Ohlcag~ & ,vest Mlchlgan.-Owns from Lacrosse, Ind., to GUARANTIES.-The C.H. & D. guarantees certain securities of the• Traverse City, 301 miles; Allegan to Pentwater, 98 miles; Big Rapids following companies, fully described under their own titles: Cincinnat!i Junction to Big Rapids, 52 miles; other branches, 31 miles; proprietary Dayton & Ironton, Cin. Hamilton & Ind., Dayton & Michigan. line, Chicago & North Michigan (opened in July,1892), Traverse City to ANNUAL REPORT.-Fiscal year now ends Dec. 31.-For years ending:Elk Rapids and Bay View, 93 miles; total of all, 575 miles. June 30 r esults ~ere as follows, the interest on bonds including ORGANIZATION, &c.-Successor of Chicago & Mich. Lake Shore Jan. 1, fixed charges of Cm. Dayton & Ironton, Dayton & Michigan, etc. 1879. Equipment bonds authorized, $500,000. Bills payable $198,000 Yea1· end!ng June 30. 1892. 1893. Jan., 1894. Gross earnmgs ..... ....•..•...........•.• •••. $5,018,983 $5,412,912' COUPONS.-June, 1894, coupons on gen. mort. were purchased at Net earnings ......•..... ... ........• . ...•• .. $1,682,447 $1,844,280. Union Tr. Co., N. Y., and Old Colony Trust Co., Boston. V.58, p . 941. Interest on bonds.................... ... ... ... $647,396 $8CO 462:'. Coupons of Chicago & West Michlgan general mort., due D ec. 1, 1894 C H & D dividends 264 303 f64°' 55s; a11.d_of_ Cbicago & North Michigau first mort. due Nov. l, 1894, were' D• &. M • di.V1'den d s...... ····.................. ·· ······ ···· ······...• ·· · ' 180,786 80,788. p a rn 1~ in cash and 12 in lO•year 5 p. c. scrip ; said scrip to be re· deemable at option o! company. V. 59. p. 737. Balance, surplus .............................. $589,962 $598,47~ DIVIDENJ?S-ln 1887, ?¼ p, c.; in 1888, 2; in 1889, 2; in 1890, 3; in -CV. 55, p. 145,215,373, 639, 1110; V. 56, p. 81, 246, 463; V. 5-7, p. 1891, 3¼; m 1892, 312; m 1893, Feb., 112 p. c.; none since. 59, 144,179, 298, 1122; V. 58, p. 81, 549.) LATEST E.ARNINGS.-From Jan. 1 to Nov. 30 (11 months)! Olncinn_atl Ha1_11ilton & Indianapolis.-( See Map V. H.<t D.J-11 months. Gross. Net. Int.,1·entals, ct:c. Balance. Owns Ham.1lton, Ohio, west to Indianapolis, Ind., 99 miles. 1894 ........... . $1,475,873 $297,100 $360,430 def. $63,330 STOCK.-Common stock ($2,500,000) is all owned by the Cincinnati• 1893 . .. . .......... 1,763,185 357,235 359,732 def. 2,497 amilton & Dayton, which operates the road. v. 57 p 144 PreH ANNuAL REPORT.-Report for 1893 was in CHRONICLE, V. 58, p. 865 ' • · showing gross earnings, $1,892,710; net, $398,567; charges, $392,490; ferred non-cumulative 7 per cent stock, $281,67!1. BONDS.-The general mortgage, of which Continental Trust Co. of New other payments, $3,903; balance, surplus, $2,174. In 1892 gross, York and the Union Trust Co. of Cincinnati are trustees is for $3 800 $2,032,540; net, $527,155. (V. 55, p. 100,255,297; V. 56, p. 500; v. 000, of which sufficient reserved to retlre first mort. bonds at maturity.. 57, p. 298; V. 58, p. 303, 865,941; V. 59, p. 737.) EARNINGS.-In year to June 30, 1893, gross $805,068; net, $88 320;; Oh.o<'t:a.w Oklahoma & GolC HR.-Wlster, Indian Territory, to South McAlester, Indian Territory, 65 miles; Fort Reno to Okla- int., $126,000; detlcit, $37,680. In 1892 gross, $726,.263; n.et,.$88;080... homa City, 32 miles; total, 97 miles. Contracts have been let for ex. Cincinnati .:rack8on & lUacklna-w.-Owns from Ca.i,:lisle o te~ion, South McAl~ter to Okla:homa City, 123 miles. See V. 59, P. to Addison, Mich., 188 miles; Allegan to Drmdee, Mich.., 133 miles·~ 880. Connects at W1star Junction with St. L. & San Francisco RR. branches, 3 m.; trackage to Toledo, 23 m.; total operatefll,. 347 miles, !JI and near Fort Reno with Rock Island RR. Holds valuable coal leases' HISTORY.-This railway company succeeded on April 1, 1892, a-rail"' HISTORY,-.A. reorganization of the Choctaw Coal & Railway Co., sold road_ compa~y of s:31me name, sold in foreclosure in 1891·. In 118941 in foreclosure Sept. 9, 1894. parties identified with the Lake Erie & Western entei:ed the di:reotory-_ STOCK AND BONDS.-Ca.ftal stock, $3,750,000; par, $50. There are ~ECEIVERSHIP.-Interest on.new firsts due Dec. 1,.1894> WM noU $2,488,000 bon s for receivership claims and to complete paid and F. B. Drake was a.ppornted receiver, STOCK.-Capital stock is $16,300,000. The prior li~n 68 are redeemable at 105 after five years. They cover BONDS.-The whole issue of new 4s will be $4,800 0001 of whioa about i20 miles to be owned by the company, are a first lien on the coal estate owned, and cover equipment owned or hereafter acquired. $550,000 reserved for future requirements. See V. 58, p. 345. It fa See adv. CHRONICLE, Sept. 22, 1894. Enough " generals" have b t·L-«i P!Opo~ed to ext-•md the road t(! Jack~n, Mich. (20 miles), and into Cm.aold to provide for new construction and equipment and $1,000,000 cmnati (50 miles). New Meunties were issued in spring o! 1894. .are reserved to retlre prior lien bonds. E.ARNINGS.-5 mos.- 51894, gross, $28~,956; net, $58,485. July 1 to Nov. 30. { 1893, gross, 273,996; net, 36,791. ANNUAL REPORT.-Report of C. C. & Ry, Co. for 1893 in V. 58, p. 882, Rhowed gross, $265,247; net, $ ?!5,701; profits on coal, $73,470; ANNUAL REPORT.-Gross for yoar 1993.94 was $618,.123 · net $88 net reoeiptst. :ti15g,171. (V. 58, p. 382, 1109; V. 59, p. 116,290,472, 780. Repo_rt for year endin~ June 30, 1893, was in V. 57, p. 85i. 501, 600, 83~.) Grose earrungs $735,537, against $696,588 in 1891-92; net, $177,367-  ~~i-1:::.   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  MAP OF THE  MIii t;  CINCINNATI, HAMILTON AND  DAYTON RAILROAD .AND CONNECTIONS.   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  § UJ  1-3  ~  ua UJ  ~ ~  ; ~  1 ~  1  " ~  ai  ~  i:q  ~ w.  ~ 0  0  E-4  w.  ~0  ~ MAP OF THE  CLEVELAND, AKRON ~ COLUMBUS  --,  ir.i  0)  ct:> ~  ~p ~   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  R.AILWAY & CONNECTIONS. E  ~IN  C  K  (The Mt. Vernon &. Pan Handle Route.).  INVESTORS' SUPPLEMENT.  LVOL. LL  Sub8cr1ber8 -will conCer a great f'avor by giving Immediate notice of any error discovered In these Table•• B<>n<t8-.Prine RAILROADS. INTEREST OR DIVIDENDS. Miles Date Size, or Amount Rate per When Where Payable, and by pal, When Due.: Par Tor expla.na.tion of column headings, &o., see notes of of .8tock8-La.st Outstanding Road. Bonds Value. Cent. Payable Whom. on first page of tables. Dividend.  Cincinnati Lebanon cl Northern-lat mortgage ... o Cincinnati <I Muskingum Valley-lat mortga{e •.. o Cincinnati New Orlw,ns cl Texas Pacijlc-Stoo ..••. Cincinnati Portsmouih 4 Virginia-Common stool!  Preferred stock (see text) ................•.....••• Cin. Richmond 4 Ft. W.--1 st mort., gold, int. ~.o* Cin. Saginaw <I Mack.-lat M., $2,000,000, !o d. .o* OkaieldcfMahoning-latM.g.,gu.p.&i.(en .).o*&r Cltt,e nd Akron 4 Oolumbus.-Stook ..... ••....••.. General mort. (now 1st,) for $1,800,000 gold .... o Eauin. Tr. & 2dM., for $890,000gold, (See text).o~ First-oonsol. mortga~efor $4,000,000, gold ..... o* Cleveland Belt cf Terminal-lat mortgage ........• ·• <Jltr1e. Oanton 4 Soitth.- Pref. 6 p. o. stock (See text). Receivers' certificates .•.••...........••..•.....••. Cleveland & Uanton lat mortgage, assumed .... o Eluip. Tr. & Imfirove. 2d M. ($2,000,000) gold o* Cos ooton & Sou hern lat mort., ~old, assumed .. Waynesburgh & Canton lat M., ~o d. assumed ... o CL Can. & So., oonsol. M., $26,000 p. m., gold .. o* Car trust bonds ......•...•......................... .(Jleve. Oinn. Oh. 4 St.L.-Com. st'k($28,7001000 au.) Preferred stock, 5 per cent, non-cumulative....... hld1analolis Cincinnati & Lat. mortgage ...••... o C. I. St. . & C. con. M.,drawnatl05,s.f. l p. o.o" Gen. lstM.. $10,000,000 gold, s.f. not dr'n .. o&r Bel. & Ind. lat mortgage (part due yearly) ......•. Clev. Col. Cin. & Ind. lat M., sinkin fund ........ Con. mort. (see text) drawn at 10 if unst'mp'd Gen. oonsol. mort, ($12,000,000) gold..... o* & r Indian & St. L. lat mortd in 3 ser. of $667,000.o. 2d M.($2,000,000),gol ,Indianap. to Terre H . o.  8  38 148 336 107 107 86 53 26  --1886 1870  .... . --· is11i  1890 1893  $1,000 1,000 100  ·····-  i:ooo 1,000  1,000 100 500 &o. 1,000 1890 1,000 1893 1891  i9o iss7  190 190 612  ... . .... .. ioo i6i iss7 i:ooo 1,000  161 30 6  1891 1887 1888 1892  . --·  ....  .... ....  ......  1,000 1,000 1,000  .. ioo  100 1,000 1,000 1880 1886 1,000&o 1,000 1864 1,000 1869 1,000 1874 1,000 1884 1,000 1869 1,000 1882  i54 is67  175  i19  391 391 391 72 72  I  .$200,000 1,500,000 3,000,000 1,566,000 594,000 1,800,000 1,680,000 650,000 4,000,000 1,800,000 730,000 Deo..94none 902,000 Bee text. 124,000 2,000,000 1,065,000 600,000 200,000 Text. 134,371 28,000,000 10,000,000 379,000 731,000 7,755,000 107,000 3,000,000 4,053,000 3,205,000 2,000,000 500,000  ---  5 J. & J. Cinn., Fourth Nat. Bank Jan., un6 J. & J. Jan., '87, paid Deo.,'92. Jan. 1, 1901! 7 Bee text. Oct. 19, 189li ··················  . --· ·7·g.  5 g. 5 g. See text. 5 g. 6 g. g.  g  . ...  ....  .... ..... ·················· J .••&.n. N. Y. Winslod' L. & Co.  J. & J. New York an London. J. & J. N. Y., Gu. & Indem. Co. Ann'lly. M. & S. Hamilton Tr., Bk'lyn. F. & A. do & 32Liberty,N.Y. J. & D. New York. J. & D. Boston, Co.'s Office.  ·--·-  J ...&-·J. g. A. & 0. J. & J. 5 g. J. & D. g. M.&N. M.&N. Bee text. F. & A. 5 per an. Q.-J. F. &A. 7 M.&N. 6 4 g. Q.-F. J. & J. 7 M.&N. 7 7 or 6 g.• J. & D. 6 g. J. & J. Various 7 6 g. M.&N. 5  g  i  ···-·-·-·-········  .... ---·  Ju:nti1;·fa21.1 Jan. 1, 1920• Jan. 1, 194~ Oct. 3, 1892: Moh. 1, 1927, Aug. 1, 1930 ' Dec. 1, 19431 1941  ... ·-...  July, '94, paid Dec. 31. Juiy·1,..i917'" Apr.,'93,coup.last paid. Jul! 1, 1917 July, '93, coup. last pd. Ju y, 1917 June,'93, coup. last pd. June 1, 1928 ..................... May 1, 1942 Boston . N.Y.,J. P. Morgan&Co. Aug:i·,--i893: do do Jan. 1, 1895. do do Feb. 1, 1897 do do May 1, 1920· do do A~. 1, 1936 do to an. 1, '991> do do do May 1, 1899 do do June 1, 1914.. do Jan. 1, 1934 do do do July 1, 1919• do Nov. 1, 1912= . do  rental, $18,302; taxes, $28,448. (V. 56, p. 246, 463; V. 57, p. 638, sos. HISTORY.-Reor~anized under this title in January, 1886. In March,. 851, 979;V. 58,p. 344,512,715; V. 59, p. 651,835 ,1006; V. 60, p : 130.) 11893,personsinterestedinOhioSouthernaoquired control, and in June,. Cincinnati Lebanon & N orthern.-Cinoinnati, o, to Dodds, o.. 1894, both companies came under one management. V. 58, p. 1035. 86 miles; branches, 2 miles; total, 38 miles, formerly narrow-gauge, DIVIDENDS.-In 1886 and 1887, each 112 per cent; for 1888 and 1889,.. standard-gauging completed in vet., 1894. Operated to Lebanon only. ea.oh 1 p. o.; in 1890 1 p. o.; in 18911 p. o. in Nov.; in 1892, 114 in Oct. 80 miles. See V. 57, P• 638, 808. Capital stoo~ author-ized, $1,000,· BoNDs.-The eqi,ipment bonds are redeemable at 100 and interest on 000; outstanding, $902,000; non-interest ~earmg ce~oates, $172, August 1, 1900, and at 105 and interest on any August 1 thereafter 4.40. In year 1892-93 gross $134,797 (agamst $132,t>40 in 1891·92); prior to Hl3v. see v. 56, p. 87. In October, 1893, $4,000,000 first net, $48,957; surplus over charges, $33,648.-(V. 57. P, 979.) consolidated bonds were authorized, $2,530,000 being reserved to retire, Cincinnati & :rtiu ■klngum Valley .-Bee SUPPLEMENT of Sep- pretlent issues; balance for equipment and i.mprovements,but in Oct.,. tember, 1894, 1894, no immediate issue was contemplated. (Union Trust Co., trusEABNINGs.-In 1893, gross, $483,345; net, $27,042. Int. and other tee.) See V. 57, p. 853,979; V. 59, p. 651. -oharges (including $30,088 for rollin~ stock and steel rails), $149,170; Car trusts outstanding June 30, '94, $556,105; bills payable $24,280.. balance deficit, $122,128. In 1892 groas, $476,077; net, $59,503. EARNINGS.-4 months, ~ 1894, gross, $294.,544; i;.et, $116.441. Cincinnati New Orlean• & Texas PacUlc.-RoAD.-Operates Julyl to Oct. 31. 51893, gross, 319,883;net, 99,174. Oinoinnati Southern Ry., Cincinnati to Chattanooga, Tenn., 336 miles. .ANNuAL REPORT.-Fisoal year ends June 30. Report for 1893·9~ HISTORY, ETc.-Organized in 1881 under laws of Ohio to lease the was in V. 59, J?· 649. Gross earnings (including Dresden branch) were Cincinnati Southern Railroad, owned by the City of Cincinnati. In $896,090, agamst $1,030,240 in 1892-93; net, incl. taxes, $219,906,.. April, 1890, the East Tennessee Virginia & Georgia obtained voting against $247,246; rentals, $35,071; interest, $132,979; capital expen:power on $1...!000,000 stock, through purchase of a controlling interest ditures, $24,597; balance, surplus, $27,259.-(V. 57, p. 638, 853, 892,. ln the Ala. lit. South'n. In 1894 a majority interest in Alabama Great 979; V. 58, p. 474, 1035; V. 59, p. 649, 651.) So. stock was obtained by Oin. Ham. & D. interest. See V. 59, p. 371. Cleveland Belt & Termlnal.-0wns 6~ miles terminal road at; 697. Control will be decided upon the jud1oia.l sale of oollateral seuurCleveland, Ohio. Capital stook, $3,115,200. lng Cincinnati Extension bonds-see Alabama Great Southern. Rental due City of Cincinnati is now $1,012,000 till Oot. 12, 1896; Cleveland Canton & Southern.-Owna Cleveland to Zanes-$1,102,000 till Oct. 12, 1901, and $1,262,000 till 1906. Betterments o! ville, o., 145 miles ; Canton to Sherrodsville, 43 miles; other branohea,. about $150,000 revert to lessor annually. 22m.; total, 210miles. A consolidation May, 1892. (V.54, p. 84). RECEIVEB.SHIP.-In Sept., 1893, J. w. Wardwell and Fredk. swu.RECEIVERSHIP.-8. M. Felton, the President, was on March 19, 1893, pointed receiver. Statement in June, 1893, showed total assets, appointed receivers. V. 57, p. 510. In July ,189-l, Ml', Swtlt resigned. 90,975; total llabillties, $1,210,371. Car trust 6s July, 1892, Floating d01.>t secured by collateral was about $900,000. In January,. 1894, issue of $1,100,000 receivers' oertifloates was authorized. Con351,686. DIVIDENDS since 1881: In 1882, 112 per cent; 1n 1883, 3; in 1889, 3; eols for $660,000 issued, of which $584,000 outstanding as collateral. 1n 1890, 6 per cent; in 1891, 4 per cent. CO"&IMITTEES.-.First mortgage bondholders' committee is composed E.AllNINos.-July 1 to May 31, 1894 (11 months), gross, $3,325,966, of Austin Corbin, 192 Broadway, N. Y., H. L. Thornell and Charles A.. Peabody, Jr.; depositary, Mercantile Trust Co. V. 59, p. 697. against $3,831,355 in 1893; net, $838,587, against $910,358. Oleveland cf Oanton equip. t1·ust and i-mprovement bondholders' oomANNUAL REPORT.-Report for 1891-92 was ln v. 55, p. 721, mittee.-Mor~an Rotch, Oliver Prescott, Jr., George P. Messervy, w_ Year end. June 30. 1894. 1893. 1892. 1891. w. prapo, George N. Smalley, Charles H. French; depositaries Inter-Gross earnings ..... $3,576,979 $4,174,970 $4,337,498 $4,379,143 Net earnings........ $912,013 $698,715 $1,137,688 $1.l354,640 nattt nal Trust Co., Boston, and U. S. Mortgage Co., N. Y. V. 59, p •. 920, 1006. Rental paid...•..... $1,084,306 $1,116,285 $1,124,121 ip912,000 FORECLOSURE.-Kn· okerbooker Trust Co., trustee of oonsol. mortgage, Dividends . . . .• . . . . . . ...... 60,000 60,000 Sinking fund, eto .•• 100,750 of 1892, filed notice of foreclosure proceedings on Nov. lo, 1894. COUPON P.A.YMENTS.-Coupons due Ju1 y 1, 1894, on Clev. & Canton Balance ... -· ... df.$172,293 df.$117,570 def.$46,433sur.$281,890 ffrsts were paid JJeo. 31, 1894, at Knick. Trust Co., N. Y., and Inter-(V. 55, p. 543, '121, 1034 ;V. 56, p. 500, 883; V. 59, p. 697, 920, 1141.) n a tional Trust Co., Boston. October, 1893, interest on equipmeut Cincinnati Portsmouth & Vlrglnla.-0wns from Idlewild, m ortgage went unpaid. Ooslwcton cf South'n Jan.,'94, and Waynesb'g, O., to Soiotoville, 108 miles; trackage (Cin. Lebanon & Northern) <I: Canton Dec., '93, interest not paid. to Cincinnati, 4 miles; total, 112 miles. Ohio & Northwest ern was sold STOCK.-Common stock, June 30, 1893, $!,151,209. In March, 1893 ,. in foreclosure March 13, 1890, and reorg anized. Preferred stock is en- $9,100,000 of 6 per cent non-cumulative 1st preferred was authorize<l titled to 5 per cent dividends, then common to 5, then both pro rata. to retire at par the old clllllulative pre.terred. EA.RNINGs.-5 months, ~ 1894 ... . ..... . gross, $116,910; net, $24 .614 E ARNINGS.-5 months, t 1 894, gro~s, $328,377; net, $76,565. July 1 to Nov. 30. 5 1893._ ........ gross, 116,730; net, 17,531 July 1 to Nov. 30. 51893, gross, $373,402; net, $59,624. In year 1893-94 gross $254,756; net, $35,303; no charges-spent for ANNUAL REPORT.-Fiscal year ends June 30. Report !or 1891-92· construction, improvements, etc. , $26,782. In year 1892-93, gross, $277,135; net, $44,744, spent for improvements. (V. 52, p. 899; V. 53, was g iv en at length in V. 56, p. 81, 87. In 1892-93, gross, $961,545 ;: net, $275,8 36; iletioit under charges, $35,057. In 1891-92, gross,p. 48; v. 55, p. 1081; v. 59, p . 695.) ~786,5 52, a_g_ainst $660,668 in 1890-91; net. $263,611 fags t. $227,888]; Cincinnati Richmond & Fort Wayne.-0wns from Rich• mterest pain, $227,576; balance, surplus, $36,035. (V. 56, p. 81, 8 '2',. mond, Ind. , to Adams, Ind., 86 miles; leases 5 miles of P. F. W. & C. 246, 538, 578, 973; V. 57, p. 510,683,763, 1082; V. 58, p. 42, 512, 716;:Leasedfor99years from Jan. l, 1871, to Grand Rapids & Indiana for V. 59, p. 228, 697, 920, 1006, 1058, 1103, 1141; V. 60, p. 42.) net earnings. Interest Is guaranteed by the lessee and bythePennsyl vania Co. and Pittsburg Cin. Chicago & St. L. Co.jointly. Gross earnin~s Cleveland Cincinnati Chicago & St. Loui8.-(See Map.JJan. 1 to Dec. 31, 1894 (12 months), $413,222, against $436,832 m Operates an extensive system of roads radiating fr.,m Indianapolis 1893. In 1893, gross, ~36,832; net, $117,784; interest on bonds (13 Ind., westerly to Chicago, Peoria and Cairo, Ill., and St. Louis, Mo., ana;: months), $136,500; rental, etc.. $29,883; deficit for year, $48,599. In e a sterly to Sandusky, Cleveland, Columbus and Cincinnati, Ohio, with. 1892-gross, $496,602; net, $168,428. Stoo.K, $1,709,313-par, $50, of branches. The system, clearly shown on accompanying map, is madewhich Penn. Co. Dec. 31, 1893, owned $1,256,900. Due guarantors up as t'ollows : Dec. 31, 1893, $1,207,706. Owned directlyMiles. Leased and controlled. Milu... Cincinnati Saginaw & l'tiack.lnaw-.-Owns Durand to West Cleveland, 0., to Columbus,0 .. 138 Cinoin. Sandusky&Cleve.Ry.Galion,.' 0., to In~anapolis ••••. 203 Band'sq, 0., to Dayt'n, O.etc.170 Bay City, Mich., 53 miles. In October, 1890, leased till Jan. 1, 1920, to Grand Trunk and Chicago & Grand Trunk co's at a percentage rate, Delaware to Sprmgfleld... .. . . • 50 Cincinnati & Springtleld Ry.Lud.G've(6m.fr.Cin.)toDay'n 48 coupons purchased by them to be held alive and to be unenforceable Cincinnati toLafayette ......... 174 till the maturity of the bonds. Of the $2,000,000 bonds $320,000 were Indianapolis to Terre Haute .... 72 Colum. Hope & Greensb' g RR.- 26' Harrison Bran oh............... 7 Trackage into Cincinnati, &o. 46; reserved for new terminals, extensivns, &o. In 1893 gross earnings Leased-entire stock owned,were $165,190; net, $18,135; interest on bonds, $84,000; deficit for Cinoin. Lafayette & Chio. Ry.56 Total included in earns •.. 1,895-• year, $65,865-advanced by Grand Trunk and Ch. & Gr. Trunk Co's. Cairo Vincennes & Chio. Ry.Operated; earnings kept separate-In 1892, gross, $214,698; net, $48,693. Stock, $1,500,000. Cairo, Ill., to Tilton& branoh.267 Peoria & East'n Ry. (b).352: Clearfield & Mahoning.-( See map Buf. Roch. cl Pitts.J-Owna St. Lou. Div. T. H. to E. St. L.194 Kankakee & Seneca RR.4~ road, completed in 1893, from Du Boi~-1 -Penn., on Bufl'. Rook & Pitts., Columbus Springfield & Cin.Mt. Gilead.Short Line........... 2 to Clearfield on Beech Creek RR., 26 mues. Leased during corporate, Columbus, 0., to Springfield.. 45 Dayton & Un. RR. (b) ...•.••••. 4.T mstenoe and renewals thereof to Bufl'alo Rochester & Pittsburgto TraokagellLCent.intoChioago. 56which see-at a rental payable in gold and equal to 6 per oent on WhiteWater-Harrison,fud., Hagerstown, Ind.............. 62 -$650,000 stock, par $50, and 5 per cent on bonds.z. the latter being guar. Cin. WabMh & Michigan Ry.Grand total, June 30, 1894..2,394. p. & L, by indorsement on each. (V. 56, p. 695, 9·12; V. 57, p. 1039.) Benton Harb. to Rushv. & Br.2491 Double traok . • •• • •• ••• • •• • • •• U Cleveland A.kron & Collunbu8 Kall way.-( See Map.J-Owna Other lines (aJ.... . . . . . • • • • •• • •• 88 trom Hudson, 0., to Columbus, 0., 144 miles; Dresden branch, Kilbuck to Trinway, 34 miles, and trackage Cinn. & Muskingum Valley Ry., a No debt, or bonds all owned by Clev. Cin. Chio. & St. L. -Xrlnway to Zanesville, 16 m.; coal branches, 12 m; total, 206 miles. ll More :tully described in separate statement tor this compa.~  =   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  t  ~s Q  ~  8 .:...  ~  ~  ► t:::,  t'1l  1-3 0  ~  5 bj  ~ rn t,  MAP OF THE .: j  .:Ill   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  .;. '11  ~  =  ~ ~  00  1-3 C ~ ~  00  MAP OF THE  ~  ·~  CLEVE-LAN·o, LORAIN ~ · • • WHEE.LING RAILWAY  1-d  £zj ~  ~  ~  r-3  AND CONNECTIONS.   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  ....,  <  0  F' I"""  ~  :li.AILROAD STOOKS AND BONDS.  J A.NU.A.RY, 1895. J  47  Subscribers ,vlll confer a great favor by giving hnJDedlate notice 01' any error discovered In these Tables. RAILROADS.  For explanation of column headings, &c., see notes on :first page of tables.  Bonds-Prt..no!INTEREST OR DIVIDENDS. Miles Date Size, or pal,WhenDue. Amount of of Par Outstanding Rate rer When Where P-Miable, and by Stocks-Last Road. Bonds Value. Cen . Payable on:... Dividend.  Cleveland Oin. Ohic. & St. Louis ( Concluded)-  Cl.Cin.Ch.&Bt.L., White Waterbranch,let, gold.o• 62 45 Columbus Bprinrv:eld & Cincinnati 1st mort ... 45 BC.ring. & Col. D v. (Col. BE. & Cin.), 1st M., g.o* C . . C. &Bt. L.,Cairo V.& C . Div. lstM.,gold .. c" 267 Bt. Louis Div. (St. L. Alt. & T. H.) coll. tr., g.,o*&r 194 Cin. Wab. &Mich. Div.1st mort~aie, gold ...... o" 203 Gen. mort.100 year bonds for$ 0, 00,000 g.c"&r 1,808 OBLIGATIONS FOR PROPRIETARY LINES. 56 Cincinnati Lafayette & Chicafo,lst mort., gold.o Cincinnati Sandusky & Cleve and-Pref. stock ... Consol. mort. ($3,000,000) gold (See text) ...... o i70 Cincinnati & Spring.-lst m., p.& i.gu. See text.c 48 48 2d mortgaf:, Big Four owns $526,000 more .. o Olevel. Lor. & heel.-Cl. Tusc. Val. & W., 1st mort 158 Clcv. Lor. & W. Ry., cons.M.,$5,000,000, gold.o* 165 Car trusts ....•.....•.......•......................•. Olev. & Mahoning Val.-Cl.& Mah. 3d M. (now 1st) .c* ·57 Cons. M. for $3,000,000, tld, (lston 58 miles). c&r 125 Ole17eland cf Marietta-1st ,g., subj. to call at 110. 97 Oleve. & Pittsb.-Stock, 7 p. o. ~1ar. by Penn. Co ..•. Consol. sink.fund mort. for 5,000,000,notdr'n.c iiio Gen. M. for $10,000,000 ~ld} series A, .. . .... c· 199 guar. p. & 1. !end.) Pa. R. series B ........•. 199 Constr'n and equip'tinc., Ber. "A," dr'n at 100 c Oolebrookdale-- Ist mortgage ....................... c 13 OolumbiaNewb. &Lau,•ens-IstM,for$12,000 p.m.,g 63 Ooliimbus & Cincinnati Midland-Common stock . . .... Preferred stock (see remarks) non-votin£:s ....... 1st M.,ext., guar. p.&i. (end.)Cent.O.an .&O.c" ·;;o Debentures, guaranteed ..........•................ ..... Oolumbus Hocking Valley d: Toledo-Common stock. .... Preferred 5 per cent stock, non•cumulative....... ....  ---  1890 $1,000 1,000 1871 1890 500 &c. 1890 1,000 1890 l,OOO&o 1891 1,000 1893 1,000 1871  1,000 50 1,000 1,000 1,000 1,000 1,000  792,000 428,850 6 2,571,000 1871 2,000,000 1872 125,000 1878 700,000 1893 3,200,000 70,000 i876 500·&0. 487,900 1888 1,000&o 2,281,000 1887 1,000 590,000 50 11,236,900 7 -·-· 1,000 1867 1,576,000 1,000 1892 3,000,000 1892 1,000 1,245,000 1873 1,000 219,000 1868 100 &c. 600,000 1887 1,000 707,000 ...... 2,000,000 1,000,000 i884 2,000,000 1890 240,000 11,696,300 . .... 100 2.ooo,OOO )5  isss  ---·  i:ooo ---- ··ioo  The company is also one-fourth owner of the Peoria & Pekin Union Ry., one•seventh owner in the Terminal Railroad 4..ssociation of St. Louis and two fifths owner of the Indianapolis Union Railway. HISTORY, ETC.-A consolidation of the Cincinna~ Indianapolis st Louis & Chicago Railway Company, the Cleveland " 1lumbus Cincin• nati & Indianapolis Railway Company and the India111,,polis & Bt. Loui, Railway Company, made in July, 1889. It is one of the so-called Vanderbilt roads. The St. Louis Alton & Terre Haute main line and branch were purcha~ed in 1890 ror $10,000,000 of 4 per cent bonds. 1n 18i9 acquired the entire stock of the Cairo VincenneR & Chicago and in 1890 leased the Peoria & Eastern (which see). In 1890 also practically absorbed the Columbus Springfield & Cincinnati and the Cincinnati Sandusky & Cleveland. Entire common stock of the latter is owned, and under a lease running_ till 1969 interest is paid on bonds and dividends on preferred stock. V. 51, p. 457, 608. · CAPITAL 8TOCK.-According to Ohio statutes company has privilege of retiring preferred stock at par after June 27, 1892. On Jan. 1, 1890, the common stock was $20,500,000, and it hft.s been increased to pres• ent :figure to acquire stocks of lines absorbed, etc. DIVIDENDS1890. '91. '92. '93. '94. '95. Common ............. ! 4 p. c. 3 3 3 n~ne Preferred . ........... 5 5 p. c. 5 5 5 o see..beiow. In 1895 on preferred, Jan., 114 p. c. BONDS.-The Cincinnati Indianapolis St. Louis ti Chicago 4 per cent mortgage for $10,000,000 will retire all prior bonds as they fall due, and also the Cincinnati Lafayette & Chicago 7s due September, 1901. Tll~ sinkmg fund provision of the Cleveland Columbus Cincinnati d: Indianapolis consol. bonds of 1874 may be canceled at option of holders, anct. the bonds so stamped. The principal of these bonds is ayable in gold, but the interest is payable at option of holder either in awful money at 7 per cent per annum or in British sterling at 6 p. c. On June 30, 1894, $111,000 of these bonds (not included in amount in taole) were in C. C. C. & St. L. treasury. Of the Indianapolis <I: St. Louis :first mortgage bonds series "A" are J. & J.; series "B," M. & S.; series "C," M. & N. Of the C. C. C. & Bt. Louis first m01·t. Cairo Div. for $5,000,000, bonds tor $237,000 are held in reserve pending certain litigation. As to these bonds see SUPPLEMENT of July. 1893. The $10,000,000 St. Louis Division bonds of 1890 issued to the St. Louis Alton & Terre Haute in payment for its main line are now a :first collateral lien on that line; $250,000 bonds are held in the sinking fund. The bonds are not subject to call. They are direct bonds of the Clev. Cin. Ch. & St. L. and are secured by deposit in trust of a purchase money mortgage for $10,000,000 executed by the Cairo Vincennes & Chicago, which purchased the St. Louis Division in 1890. For deed of trust see V. 52, p. 42-45. . As to the Cincinnati Wabash d: Mich. 4 per cents, see V. 52, p. 718. 'l'he 100 year mortgage of 1893 is limited to $50,000,000, of which $29,252,000 reserved to retire at maturity the bonds now outstanding on the various lines (exclusive of those on the Cairo division, the Peoria division, the Michigan division and the St. Louis division west of Terre Haute). Of the balance $5,000,000 were authorized to be sold at once for double-track, equipment, etc., and the remaining $15,748,000 can now beissued (since July 1,1894,) for new construction, etc., at the rate of $1,000,000 a year. See V. 56, p. 578, 792. Union Trust Co. of Indianapolis is trustee, vice Theodore P. Haughey. The Oincinnati Sandusky d: Cleveland con.sols of 1888 are now a :first lien ; of the $3,000,000 authorized, $428,850 can only be issued on retirement of like amounts of the preferred Rtock. The Oincinnati & Springfield firsts are guaranteed, one•half of them by C. C. C. & Ind. (now consolidated with Cl. Cin. Ch. & St. L.) and one• half bv the Lake Shore & Mich. Bo. · GENERAL FINANCES.-On July 1, 1894, bills payable were only $3,425, against $1,922,001 in 1893; there were $L,812,848 equipment notes, payable in yearly instalments, $690,632 becoming,due in 1894·95. During 1893·94 the $5,000,000 general mortgage IOO•year 4s, mentioned above, were sold and proceeds applied to reducing floating debt and to improvements. In December, 1894, the C. C. C. & St. L. with the Ches. & Ohio agreed to guarantee interest on LonisVllle & Jeffer· son.ville bridge bonds. . LATEST EARNINGS.-From July 1 to Oct. 31 (4 months)-  E  4 months.- Grossear•n'gs.  Netearn'gs. Int., rentals, (le.  Balance.  1894 .. ....... . $4,633,517 $1,120,475 $937,457 sur. $183,018 1893 . . . . . . . . . . 4,906,615 1,209,219 895,104 sur. 314,115 ANNUAL REPORT.-Annual meeting last Wednesday in October. Report for 1893·94, with balance sheet, &c., in V. 59, p. 627, 650, 652. Year end'g June 30- 1891. 1892. 1893. 189!. Passengereamings.. $3,649,505 $3,824,201 $4,307,371 $4,104,769 Freight............... S,608,219 9,129,417 9,338,787 7,866,967 Mail and express.... 630,892 631,768 769,993 803,078  Total earnings ... $12,888,616 $13,585,386 $14,416,151 $12,774,814 9,193,992 9,838,542 10,964,787 9,750,503 69·99 71·20 74·74 74·80 ·  Oper'g exp. & taxes. P. c. op. ex. to earns.  Net earnings ..•. $3,694,623 $3,746,844 $3,451,364 $3,024,311 Rentals.............. 245,823 232,730 ! , 2 5 9 , 2 35 Interest, &c... .. . . . .. 82,938 11,342 5 252 904  -----  Totalnetincome. $4,023,384 $3,990,916 f3,704,268 $3,283,546   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  $650,000 78,000 1,103,730 4,763,000 9,750,000 4,000,000 5,000,000  4 7 4 4 4 4 4 7 per 5 7 7 7 5  g. J. & M. & g. M.& g. J. & g. M.& g. J. & g. J. &  J. N. Y. Drexel, B. do s. do J. do N. do J. do D. do  M. & Co. July 1, 1940 do Sept. 1, 1901 Sept. I, 1940 do do Jan. 1, 1939 do Nov. 1, 1990 July 1, 1991 do do June 1, 1993  do g. M.& s. do an. M.&N. New York and London. g. J. & J. N. Y., Drexel, M. & Co. A. & 0. do do do do J. & J. A. & 0. N. Y., Blair33 Wall St. g. A. & O. do do  ··,;· 5 g. 6 g. per an. 7 4¼g. 4¼g. 7 6 6 g.  .... ....  .....  Sept. Nov. Jan. Apr. Jan. Oct. Oct.  1, 1, I, 1, 1, 1, 1,  1901 1894 1928 1901 1902 1898 1933  ·········· Bepi: i5'-;i896 M. & 8. N.Y.,Winelow,Lan.&Co.  Bee text F. & A. Q.-M. M.&N. J. & J. A. & 0. J. & J. J. & D. J. & J.  .....  do do N. Y., Cuyler, Morgan. N. Y., Winslow, Lanier. do do do do do do do do Phila., Phil. & R. Office. Balt., N. Farm.& Pl.Bk.  ...........  ........... ----J. & J. N.Y.,Farmers'L.&T.Co.  4¼ 4111 J. & J. , Balt., B. & 0. RR. Co. .... ..... . ......... 1>er an. J. & J. N. Y .. Co.'s Office.  Jan. 1, 1938 Aug. 1, 1937 Dec. 1, 1894 Nov. 1, 1900 Jan. 1, 1942 Oct. 1, 1942 Jan. 1, 1913 June 1, 1898 Jan., 1937  .. ....  ·-·  Jan:·1,--i939 Jan. 1, 1895 Jan:·2,--i895  I  1891. 1892 1893. 1894. lnterest on bonds ... $2,123,303 $2,293,642 $2,445,135 $2,554,235 Rentals.............. 469,406 276,532 207,826 204,937 Dividends............ 1,318,322 1,340,000 1,340,000 500,000 Miscellaneous........ 10,792 73,310 16,404 ----Balance .....••.• sur.$101,561 sur. $80,742 df.$362,003 sur. $7,970 -(V. 58, p. 636,904, 1035;V. 59, p. 152, 541, 62'1, 650, 652, 1103 .. ) Cleveland Lorain & Wheeling.-( See Map.J-Owns from Lorain, 0., to West Wheeling, 0., 158 miles, and branch to Bella.ire, 0., 7 miles, and has trackage into Wheeling. Ex.tension, Medina. to Cleveland, about completed. Reorganized in 1883 after foreclosure. . HISTORY.-This railway is a consolidation in Nov., 1893, of the C. L. & W. railroad with the Cleve. & Southwestern. (See V. 57, p. 808.) STOCK.-Common, $8,000,000, and preferred, $5,000,000. BONDS -The new consolidated mortgage for $5,000,000 (U. S. Mtge. Co., N. Y., trustee) covers 165 miles main line, the extension of 30 miles now being built to Uleveland, also 70 miles sidings, and equipment valued at over $1,000,000. The mortgage provides for the retire• ment of the Cleve. Tusc. Val. & Wheeling :firsts at maturity. DIVIDENDS on preferred: In 1887, 3 p. c.; in 1888, 2 p. c.; in '89, 2 p. c. EARNINGS-4 mos., 51894 gross, $571,188; net, $214,344 July 1 to Oct. 31. .. <. 1893 gross, 548,904; net, 198,759 EARNINGS.-Earnings of the oid company were: ;From July 1 to Dec. 31, 1893 16 months), gross $720,955, agamst $763,602 in 1892; net $235,456, against $230,988. i.<'or year 1892·93 gross $1,442,182, against $1,412,186 in 1892 and $1,332,534 in 1891; net $361,10 l, against $329,217 and $323,355.-(V. 57, o. 341, 808,979; V. 60, I). 43.) Cleveland & Mallontn:.r Valley.-Owns from Cleveland, 0., to Sharon, Pa., 81 miles [57 double track]; Niles, 0., to New Lisbon, O.,and branches, 44 miles. Leased to N. Y. Penn. & Ohio till 1962; rental $514,· 180 per year, payable monthly. Con.sols (trustee Central Trust Co.) are reserved to retire prior bonds in 1896. Bonds for $127,000 were issued in 1894. Coupon interest is J. & J., registered inte rest, Q.-J. Stock is $2,759,200, of which $2,758.250 is held by "Atlantic First Leased Lines Rent:..l Trust Co., Limited," of London. Dividends, 11 to 1219 per cent per annum. V. 57, p. 179. Cleveland & Marletta.-Owns from Marietta, 0., to Canal Dover, and branch, 97 miles, and 8 miles, Valley Junctl.on to Canal Dover, leased. Pennsylvania RR. obtained control in October, 1893, having purchased about two·thirds of the stock. Stock, $2,000,000par $100; car trust Dec. 31, 1893, $228,173. In year 1893•94 gross earnings on 97 miles were $292,763; deficit und, ·r operating expenses and taxes, $15,824; interest, $53,171; total deficit, $68,995. In 1892· 93 gross $362,025; net, $38,674; deiicit under interest, $16,593.-(V. 57, p. 721, 979.) Cleveland & Plttsburg.-(See Map Pennsytvania Railroad.) Cleveland, 0., to Rochester, Pa., 124 miles; branches-Bayard, 0., to New Philadelphia, 31 miles; Yellow Creek to Bellaire, 43 m.; trackage, Roch• ester to Pittsburg (Pittsb. Ft. Wayne & Chic.), 26 miles; total, 224 miles LEASE-Leased for 999 years from Deo. 1, 1871, to Pennsylvania RR. Co., and lease transferred to Pennsylvania, Co. Rental, 7 per cent on stock, and organization expenses, the lessees assuming all liabilities. BoNDs.-General mortgage bonds are all equally secured and bonds cannot be called for the sinking fund. See guaranty, V. 56, p. 604. Of series "B" $2,000,000 have been authorized. In 1894 $302,000 series "B" were issued for improvements and $507,000 in exchange for a, like amount of construction and Improvement bonds canceled. INco11rn.-In year 1893 loss to lessee $225,792, against profit in 1892 of $440, and losses of $14,795 in 1891, of $2,517 in 1890 and of $229,740 in 1889.-(V. 58, p. 81,556; V. 59, p. 1058.) Oolulllbla & Greenville (S. C.)-BEE SOUTHERN RAILWAY Co. ColuIDbns & Cincinnati Midland.-( See Ma~ Batt. & Ohio.JOwns from Columbus, 0., to Midland City, 0., 71 miles; trackage to Columbus, 112 miles. In.January, 1890, leased for 999 years to Central Ohio, by which assigned to Baltimore & Ohio. See V. 51, p. 718. The Baltimore & Ohio assumee the Central Ohio's guaranty of principal and interest of the bonds and of 3 per cent per annum, payable semi·annually, commencing with Jan. 1, 1895, on the preferred, "unless sa~d stock be redeemed," etc. B. & O. owns the common stock. Net m 1892·93, $34,613; interest, $108,892; deficit, $74,279, against de:floit in 1891-92 of $75,773. ColuJDbus Hocking Valley & Toledo.-(See Map.)-OWM main line from Pomeroy, 0., to Walbridge, 0., 250 miles, with trackage (Penn. RR. System) Walbridge to Toledo, 6 miles; branches1to A~hens, Nelsonville, etc., 73 miles; total, 329 miles; second track, 25 miles. HISTORY, &c.-A consolidation in July, 1881, of the Columbus & Hocking Valley, Columbus & Toledo and Ohio & West Virginia. T.pe capltal stock of $1,500,000 of the Hocking Coal & RR. Co., controlling 10,000 acres of coal lands, was purchased m 1881 for $8,000,000. Suit is in progress ag&inst parties formerly In control to recover the proceeds of sale of $8,000,000 consolidated 5s, cl~Lmed to h~ve been wrongfully diverted from treasury, but the legallty of the issue of bonds has not been questioned. General Term reversed deoision ot  I  •  Th-VESTORS' SUPPLEMENT.  48  1'  MAP OF THE  i-· COLUMBUS,  Ii HOCKING VALLEY AND  i i   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  [VOL. LX.  RAILROAD STOCKS AND BONDS.  JANUARY, 1895,]  49  Subscribers -will con.Cer a great Cavor by giving lmDledlate notice oC any error discovered In these Tables. RAILROADS. Bonds-Princt • INTEREST FOR DIVIDENDS. Miles Date Size, or Amount pal, When Due~ Par Outstanding Rate Per When Where Payable, and by Stocks-Last of For explanation of column headings, &c., see notes of Road. Bonds Value. on ti.rat page of tables. Dividend. Whom. Cent. Payable  ---  Oolumbus Hockinf. Valley cl Toledo-(0onctuded)76 1867 $500&c. $1,401,000 Col. & Hock. Va . lat mort., Colum. to Athens .. c" 7 1,000 Col. & Toledo lat M. (Columbus to Walbridge) .. c,. 118 1875 2,500,000 7 1,000 Col. & Tol. 2d mort. (Columbus to Walbridge) ... c 118 1880 600,000 7 1,000 Ohio & West Va. lstmort. (Lo11:an to Pomeroy) .. c• 85 1880 1,584,000 7 1,000 Consol. mort., g., on road and Hocking Coal & RR. 325 1881 8,000,000 5 g. 1,000 Gen. mort.,gold,on road & Hocking Coal& RR.Co.c 325 1884 1,618,000 6f Car trusts (see text.) ............................... .... 217,080 6& Car trust bonds for $1,750,000, gold, see text... . .... i°894 1,010,000 6 g. Ohio Land & Ry.Co.purchasemoneyM.,g.,seetext .... 1894 1,400,000 1,000 6 g. 0olumbus Sandusky cl Hocking3,543,000 1,000 5 g. Col. Sh. & Hock. lat mort. for $5,000,000, gold.c" 115 1890 1,000 6 g. 708,000 Eiuip .. M., sub. to call atter'96,($1,000,000) fo* 115 1891 1,000 San usky&ColumbusShortLine-lstM.,gol .c* 111 1891 S,000,000 g. .... 1893 139,000 Equipment mortgaae for $1,000,000 .......... 1894 400,932 5 g. Col. Sand. & H. conso . M., $10,000,000, gold .. c .. 1,000 5 g. Zanesville Term'l Co. 1st m. for $500,000, gold.o* '"4 1890 453.000 1,087,500 1,000 Columbus S01ithern.-lat mtge., $12,500 p.ru. gold. 88 1889 5 g. 55 50 1,786,200 See text. Columbus cl Xenia-Stocki/25 per cent rental .•.... 71 i894 500,000 412 Concord ct (Jl,a,remont (N. .J-l11t mort ale ...... c 800,000 6 . ... C<>-M-Ord cl Montreat-Stock, Class I. (B. . M. pf.) 100 540,400 6 Stock, Class II (B. C. & M. new) .................... .... . 459,600 100 6 Stock, Class III. (B. C. & M. old stock) ............ .... . 100 6 4,184,700 Stock, Class IV. (Concord) $6,000,000 auth. Text issi 1,000 6 500,000 Bost. Con. & Mon. improvement mortga e ...... c 1,000 4 5,000,000 Concord & Montreal consol .mort.for$5,5 O,QOO.o* 262 1890 2,500,000 5 per an. 100 Oonn. cl Pasmm.-Pref. stock, 5-6 p. c.ren'l,99yrs.c* 4 g. i893 1,000 1,900,000 lat mort. (White Riv.June. to Canada line) &old.c* 37 400,000 5 per an. 100 Massawipji st'k, guar.same div. as Conn. Pass. 5 22 issi 350,000 1,000 Newport Richford 1st mort. ~ar. by C. & i;-.c* 47 .... 350,000 7 per an. 100 Concord ~ Ports.-Stock, 7 p.c. rn l, 99 yrs. Coned .. 80 2,580.000 10 p. an. 100 0 onnecticut R'v ver-Stock ($2,670,000 authorized) .. 80 i893 ...... 1290 000 4 p eran. Seri p, redeemable in ten y ears in cash or bonds ..  i:ooo  i:ooo  5  8  ....  i66 i10  ---·-·  ··ioo  i  A. & 0. N. Y., Atlantic Trust Co. F. & A. do do M.& 8. do do M.&N. do do M.& 8. do do J. & D. do do New York City• do do Q~-=-:J. J. & J. N. Y., Atlantic Tr. Co.  Oct. Aug. Sept. May Sept. June  1, 1, 1, 1, 1, 1,  189'7' 1905 1900 1910 1931 190&  .A.pr:· "i,--i904 Jan. 1, 1914-  J. & ;J. See text. Jan. 1, 1940 .A.. & 0. N. Y., MetropoL Tr. Co . Apr. 1, 1916 M.&N. See text. Nov. 1, 1941 N. Y., Metropol. Tr. Co . ·-··· Feb:·1,"i944 Foote. & Hatch Y., N. .A.. F. & See text. J. & J. July 1, 1940 F. & .A.. Aug., '92, cou~last pd. Feb., 1929 Q.-M. Columbus, 0., easurer Dec., 1894 J. & J. Bost., Treasurer's office. , Jan. 1, 1914. Feb. 1, 1895, See text. Q.-F. Feb. 1, 1895, do Q.-F. Feb. 1, 1891> do Q.-F. Feb. 1, 1895, do Q.-F. J. & J. B'ston,FaneuilHallB'k Jan. 1, 1911 J. & D. Boston Safe D. & Tr.Co. June 1, 192() F. & A . Boston, S. Dep. & Tr. Co. Aug. 1, 1894. Apr. 1, 1943 do do A. & 0. Aug. 1, 1894 do do F. & .A.. Jan. 1, 1911 do do J. & J. Jan., 1895 Manchester, N. H. J. & J. Jan. 1, 1891> Springfield, Mass. J. & J. Jan. 1 , 1 90a do do J. & J.  I I  lower court and held defendants liable, and this verdict was confirmed have assentE>d to this arrangement, which will enable the company to in ;i:anuary, 1895. V. 60, p. 82. The ('ase will now be tried on its meet payments on its car trust notes. · EARNINGS.-Jan. 1 to Dec. 31, 1894 (12 months), gross, $801,827, merit:!. (V. 57, P, 683; V. 58, p. 474, 635.) STOCKS.-Preferred is redeemable at the option of the company at against $797,130 in 1893. For year ending June 30, 1883, gross. on 162 miles were $768,616; $299,524, 11.et, against $257,169; charges.., par at any time after three years from its date of issue. V. 54, p. 446 DIVTDENDS.-On common stock since 1881: In 1883, 212 per cent; in $302,989; deficit for year $3,466. (V. 57, p. 938, 1088; V. 59, p. 1140.) Columbus Southern.-Completed in 1890 from Columbus, Ga., t• 1885, 133s in stock; none since. Dividends on preferred: In 1892, Albany, Ga., 88 miles. Stock, common, $880,000; preferred, $440,000. July, 219 p. c.; in 1893, 5 p. o.; in 1894, 5 p. c.; in 1895, Jan., 212 p. c. BoNDs-0onsolidated mortgage was for $14,500,000, of which $6,- Operated qy Georgia Midlan~ & Gulf. For year ending June 30, 1893,. 500,000 reserved to meet prior liens; but in 1892 $777,000 consols gross earnmgs were $82,229, net, $8,612, a.get. $17,034 in 1891-92. Oolumbus & Xenla.-Owns from Columbus, Ohio, to Xenia, Ohio,. reserved for7 per cents due Jan. 1, 1892, were canceled, the 7 per oenta • having been retired with preferred stock. The Central Trust Company 55 miles. Operated as a division of the Little Miami, and is leased for 99 years from December, 1869,in connection with that road, to thePitts11 trustee. The general mortg:ige of 1884 is for $2,000,000. The car trust bo?tds are secured on equipment costing over $2,600,- burg Cinc!nnati Chicago & St. Louis, which pay~ 8 per cent on stock. 000, on which $1,500,000 had been paid in 1894, and they will also The lease 1s guaranteed by the Pennsy~v~nia Railroad Company. Th& cover $3~0,000 of new equipment to be purchased with their proceeds. Columbus & Xenia pays 8 25 per cent d1v1dend per annum, 215 per ceai The sinking fund will retire about one-tenth ot the issue yearly, the March 10 and September 10 and 2 per cent June 10 and Dec. 10. Ooncord & Montreal.-Operates from Nashua, N. H., via Conoor4,. bonds being subject to call at par and interest. Isflued $1,400,000; outstanding Jan. 21, 1895, $1,035,000. There have been re ;ired un- Plymouth, etc., to Groveton and the White Mountains, -4.50 miles in all,. which 35 miles double track. Side tracks in addition, 152 miles. of holds der the provisions ot the sinking fund $124,000. The trustee ORG.A.NIZATION.-The Concord and the Boston concord & Montreal $241,000 bonds and su.fflcie~t cash to.retire the total amount of lease railroads were con;mlidated tn September, 1889, forming thUI company warrants outstanding at this date, viz., $217,080. The Ohio Land~ Ry. bonds ($1,500 1000 authorized, N. Y. Security & but the constituent companies retain a nominal existence to preserv• Trust Co., trustee) are iuaranteed prmcipal and interest by the C.H. the legality of certain leases. STOCK.-The Boston Concord & llontrealpreferred ( 0las• I.) ia entitled V. & T. Ry., and are so _e ndorsed. They cover about 11,000 acres of eoaJ. lands, and are subJect to call for the sinking fund at 110 and a~- to 6 per cent yearly; the Boston Concord & Montreal new stock ( 0laBllt orve<l interest any Jan. 1 after Jan. 1, 1896. Sufficient of the loan 1s IL), and old stock (0lass III., a.mountmg to $459,600) are elltitled to not exceeding 6 per cent yearly out of the saving which result& reserved to take up all prior liens. GE}(BRAL Fnu.NCES.-In April, 1894, $1,400,000 6s of Ohio Land & from the refunding of the funded and floating debt of the Boston Ry. Co. and $1,-4.00,000 car trust 6s were offered to stockholders at Concord & Montreal. The 0oncord stock (Class IV.) will receiTe suca 75. It was said the funding into car trust bonds would reduce the com- dividends as may be declared after providing for the dividends o• Class I. pany's annual charges by $200,000. The entire floating debt was to Loans and bills payable June 30, '94, $275,000 a.get. $1,553,135 ill '93. DIVIDENDS.-In 1890, on class I. and class IV., 6 per cent; a 1891, 6; be paid with ihe proceeds of these loans, and a balance left in the in 1892, 6; in 1893, 6. On Class n; Dec., 1891, 2 per cen,; 1n 1892. treasury. See V. 58, p. 594. ANNU.A.L REPOltT.-Fiscal year ends December 31. Annual meetin~ Oct., 3; in 1893, 6. On class III. in 1893, Nov., 11.g per cent. In 1894,. wlli hereattor be held the third Tuesday in March. Earnings for the on all four classes, 6 p er cent; in 1895, .Feb., 112. BONDS, &c.-The consolidated mortgage was authorized to fulld year 1894 given below are from an advance_ statement to the CHRONICLE, the month of Decem~er being e_stunated. Report for 1893 the floating debt, to provide tor retirement of prior bonds whea clae, an<l wa.a 1!1 v. 58, p. 511. Traffic 1s mostly freight, and about 70 per cent of for improvements; $1,570,000 bonds were 80 used during 1893-94. this b1twninous coal.. The gra~es have been so reduced that the average on July 1, 1894, the $500,000 consols unissued were in possession of' mortgage trustee for bonds dne 1911. train load of freight 18 large-m 1893, 400 tons. ANNUAL REPORT.-Fiscal year ends June 30. Report for 1893-94 wa.a. 1891. 1892. 18J3. 189-4._: Year endir1;g Dec. 31Gross earrungs ............ $2,679,, 38 $3,2 ,0,362 $3,372,585 $3,263,554 in v. 59, p. 650, showing gross earnings, $2,413,907; net, $691,Net earnings .............. $1,155, 768 $1,368,930 $1,482,141 $1,415,556 680; rental", $76,241; interest, $241,200; dividends, $360,000; 40,371 balance, surplus to credit of operating account. $14,239. In 1892-93 10,000 10,000 10,000 M.lscellaneous............. gross, $2,509,948; net, $624,344. (V. 57, p. 721,938; V. 59, p. 650.), Total receipts ......... $1,165, 768 $1,378,930 $1,492,141 $1,455,927 Concord & Portsmouth.-Owns Portsmouth, N. H., to ManchesInterest on bonds .. : ...... $923,030 $923,030 $923,030 $977,420 ter, N. H., 4012 miles, and branch 7 miles. Leased to Concord RR. iJa. 60,850 1862 for 99 years. Lease, rental, $25,000; 7 per cent on stook. 55,782 67,265 106,719 Interestoncartrusts,eto. 24,525 26,804 25,646 26,000 Int. to Pa. Co. on lease,&c. Oonnectlcut & PassuJDpslc.-Owns White River Junotion. Vt.,. Dividend on preferred ... (5)100,000 (5)100,000 (212)50,000 to Canada. Line, 110 m.; leases 999 yea.rs Massawlppi Valley, 37 m. LEASE.-From January 1, 1887, leased to the Boston & $10,019 *$262,989 $436,525 $393,132 Balance, surplus ..... -. . . . ~ f this amount $261,514 was spent for construction and equip- Lowell for 99 years on a basis to pay Connecticut & Passumpsic stock ment, &c., leanng a surplus of $1,475. (V. 57, p. 683, 1038; V. 58, 5 per cent per annum for ten years and 6 per cent thereafter. a October, 1887, the Boston & Lowell, carrying this road, wa.s leased tGp. 474, 511,594,635; v. 59, p. 152; V. 60, p. 82, 130.) Columbus Sandusky & Hocking Ky.-RoAo-Sandusky via Boston&Maine. Stockauthorized,$3,000,000; outstanding,asinta.ble. SECURITIES.-Massaw!ppl stock receives same dividends as stock o:t and Shawnee Glouster, to southerly and Columbus to Zanesville Shawnee Junction, with branches; total, 272 miles, of which 227 lessee, and $400,000 of it [not included in the amount outstanding) is pledged as part security for 4s of 1893 [$1,900,000 authorized} miles are owned and 45 miles leased. RISTORY.-Formed in December, 1893, by consolidation of the Sa.n- which replaced $1,500,000 of 7s due April I, l!:!93. (V. 57, p. 1040.) DIVIDENDS since 1880--In 1881, 5 per cent; in 1882 and 1883, 6; in. & H 00kin d th CO1 b Sh . d usky & COl um b us Sh ort L me 1884, 512; in 1885 and since at rate of 5 yearly. See rental aboTe.. g. um us aw. e an STOCK.-Common, $5,000,000. Pref. non-cumulative 5 p.c. $5,000,000. Average annual net earnin1ars years 1890 to 1892, $219,883. Common issued, $3,352,067; preferred issued, $4,011,067. Stock is Connecticut Rlver.-Owns from Springfield, Mass., to Keene, N. being exchanged for that of old companies under the plan. H., 75 miles; branches, 5 miles; total, 80 miles. LEASE.-Leased for 99 years from Jan. 1, 1893, to the Boston & BONDS.-Col. Shaw. & H. first mortgo/J.e of 1890 (trustee, Met. Trust Co.) covers the 115 miles of road from ol. to Shawnee and branches. Maine, annual rental being $ 258 ,000 (equal to 10 per cent per annum, The Sandusky re 0olumbus Short Line first mort~~ge covers the line on present capital stock), payable in semi-annual instalments Jan. 1 from Columbus to Sandusky; th e mortgage is for ;i,.,,OOO,OOO. Metro- and July 1, and in addition thereto interest on 4 per cent bonds and aeri politan Trust Co. is trustee of both mortJ1;a.ges. In Aug., 1894, there were also outstanding car trust notes ot Col. and $2,000 for expenses. Lessee pays all taxes, operating expenses.., Sand. & H., $1,078,250; Col. Shaw. & Hocking reaJ. estate 6 :(!Br cent ,etc., but lessor shall issue its stock or bonds to meet the cost of perm.-0rtgage notes, $200,000, and 6 per cent coupon notes, $89,000. manent improvements. DIVIDENDS 1876 to 1892 inclusive 8 per cent per annum, and For these equipment, real estate and coupon notes consols are reserved. The ool. Sandusky d Hock'g consol. mortgage of 1894 is for $10,- under lease 10 per cent. In January, 1893, paid 12 per oon1 extra. BoNDs.-In 1893 $1,000,000 bonds were sold to pay floating debt. 000,000 gold, of whrnh sufficiPnt bonds are reserved to retire all outE.ARNINGS,-Earnings are now included in Bo3ton & Maine operastanding bonds of both the old companies as they mature; $750,000 tions. In year ending June 30, 1892, gross earnings were $1,161,51B. consols were o.ffe1 ed to security holders at 90 and interest. Zanenille Terminal Railway is leased for 99 years, and its bonde guar- against $1,120,645 in 1890-91; net income (applicable to diTidends) .. anteed as to i:aterest. Terminal Co. :paid a dividend of 2 p o. in cash in ever rentals, interest, &c. $206,644. against $236,400 in 1890-91. (V• .A.-ng., 1892, and of 2~ p.c.in bond scrip in May, 1894. Stockis$453,000. 56, p. 82, 245, 289, 835; V. 57, p. 510,) Connecting (Phlladelphia).-Owns from Mantua Junction te COUPONS.-The 1895 and 1896 coupons on Col. Shaw. & H. firsts and equipments, Sand. & Col. S. L. fi1·sts and equipments and the Zanesv. Frankford Junction, Pa., 7 miles; total mileage including 2d, 3d, 4ta Term. Jan., 1895, coupon it is proposed to pay in consol. bonds at par; tracks and sidings, 47 miles. Leruied to Philadelphia. & Trenton. for interest on consols to be paid in cash. 0.f the bondholders, 70 per cent 999 years, and with that road operated by PennaylTaDJ.a Railroad..   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  no•  I  INVESTORS' SUPPLEMENT.  MAP OF THE  DELAWARE & HUDSON CANAL COMP ANY'S RAILROAD & CANAL SYSTEM •  •  https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  LVOL, LX. .  J  (  JANUARY, 18{;5, l  RAILROAD STOCKS AND BONDS.  :n  Subscribers "'IVlll comer a great f'avor by giving IJD.JD.edlate notice of' any error discovered In these Tables. RAILROADS. Miles Date Size or INTEREST OR DIVIDENDS. Bonds Wh-PrtnD 01• • .Amount pa1, en ue, l'or explanation of column headings, &c., see note Rooafd. Boonfds Par Outstanding Rate Per When Where Payable, and by Stocks-La.st on first page of tables. · Value. _ _ _ _ _ Cent. Payable Whom. Dividend.  --- - - - - - -  Oonnecticut River.-(Ooncluded.)  .  Bonds, not mortgage, for $1,000,000, gold ...... .  Oonnecting ( Phila.)-lst m., gu. p. & i. Pa. RR. en. c Oornwall cf: Lebanon.-Stock ....................... . New lat mortgage for $800,000 .................. r  ----7  24 24 29  Ores son cf: Olearf. Oo. cf: N. Y. Short Route-1st M., g. Oumberl'dcf: Ohio-So.Div.lstM., p.&i. gu.byL.&N.  ....  Oumberland <I: Pennsylvania-- 1st mort. gold, guar. Oumberland Valley-Stock ($484,900 is preferred).  ·57  Northern Division 1st mortgage ................. .  lat and 2d ms., gold (2d $109,500 due A.pr, 1908.)  Preferred (8 p. c. gnar. C. H. & D.) endorsed ..... . 1st mortgage, guar. JI. & i. end by C.H. & D .... <' cf: Union-lat mort., sink. fund (not drawn) c Income mortgage bonds, sinking fund ........... r Dayton cf: Western-lat M., guar. L. M. and C. & X.c Dec.Ohesap. cf: New Orl.-lst M.,_$20,000 p. m.,g.o* Delawai·e-Stock-6 p. o. guar. till 1898, P.W.&B ... . 1st mortgage, convertible, guar., P. W. & B .... c• General mortgage for $2,000,000, gold ......... o* Del. cf: Bound Br.-Stock-8 p. c. gu. Phila. & Read. lat mortgage ...................................... . 1st mort. on Trenton Br., 2d mort. on main line. Delaware cf: Ohesapeake-lst M., guar. p. & i., our.o  Dayton  Delaware cf: Hudson Oanal-Stock .......... ........ .  lat mort. on Pennsylvania Div. ($10,000,000)o&r Bluff Point Land Improve. Co. 1st M.,gold,guar.c* Delaware Lackawanna cf: Western-Stock .......... . Con. M. now 1st M.on roaa &equip ($10,000,000)c  1893 1864  $1,000 $1,000,000 4 g. M. & S. Boston. Sept. 1, 1943 1,000 991,000 6 M.15 &S. Phila., Penn. RR. Office. 1900·'1·'2·'3·'4 50 800,000 See text. J. & J. Co.'s off., Lebanon, Pa. Feb. 1, 1894 isoi 100 &o. 800,000 5 A.. & 0. do do Apr. 1, 1921 1884 500&c. 750,000 6 g. M. & N. In default; see text. May 1, 1904 300,000 7 M. & S. N.Y.,L.&N.,120B'way 1898 --·· 300,000 7 J. & D. 1899 isoi 1,000,000 5 g. M. & N. N.Y.,Consol.CoalO:fflce. May 1, 1921 50 1,777,850 8 per an. Q.-J. Phila. & Chambersburg. J a,n. 1, 1895 1856 500 &o. 270,500 8 g. A.. & O. do do A.pr. 1, 1904-8 RTFOR o. 50 2,403,243 312 p. an. A. & 0. Cincinnati. Oct. 1, 1894 is1i 50 1,211,250 8 per an. Q.-J. do Jan. 2, 1895 1,000 1881 2,728,000 5 J . & J N.Y.,Kessler&Co.,Cin. Jan. 1, 1911 1879 1,000 225,000 7 J. & D. N.Y.,A.m.Exoh.Nat.Bk. Dec. 1, 1909 1879 1,000 51,000 6 J. & D. .Alter 1910 1864 1,'iOO 495,000 6 & 7 J & J. N. Y., Bank of .America. Jan. 1, 1905 J ,coo 1889 (1) 6 g. J. & J. July 1, 1921 25 2,218,132 6 per an. J. & J. Dover.z Co.'s Office. Jan., 1895 is1i5 1,0 &c. 535,000 6 J. & J. Phil., Fia.. I.T. &S.D.Co. July 1, 1895 1892 1,000 500,000 412 g. J. & J. Philadelphia. July 1, 1932 100 1,800,000 8 per an. Q.-F. Phila., 240 So. Third St. Nov. 20, 1894 is1i5 1,000 1,500,000 7 F. & A. Phila.,Guar.T.&S.D.Co. Aug. 1, 1905 1,000 1879 300,000 6 M. & N. Phila., Of., 240 So.3d St. Nov. 1, 1899 1,000 1882 400,000 4 F. & A. Phila.,233South4thSt. Feb. 1, 1912 100 35,000,000 7 per an. Q-Mch. N.Y.Of.,21CortlandtSt. Dec. 15, 1894 1,000&o 5,000,000 7 M. & S. do do Sept. 1, 1917 1890 1,000 300,000 4 g. J. & J. do do Jan. 1, 1940 50 26,200,000 7 per an. Q.-J. N. Y., 26 E~ohange Pl. Jan. 2, 1895 i877 1,000 3,067,000 7 l'll. & S. do do Sept. 1, 1907  ------· 82  Danbury <I: Nor-walk-See NEW YORK NEW HAVEN & HA Dayton cf: Mich.-Com. st'k (312p.c. guar.C.H.&D.) .. ....  i¥2 32 32 37  ioo  85 117  ·21 4 54  ----··  i:ooo  ··-· ---- is11  ----  288  Rental pays interest, taxes and 6 per cent on $1,278.300 capital stock (par $50)-of which $1,277,1,.700 owned by Pennsylvania Railroad. Current liabilities Dec. 31, lts93, $1,113,139. Corn,vall & Lebanon.-Owns from Lebanon, Pa., to Conewagot 22 miles; branches, 2 miles. Dividends, formerly 4 to 412 per oen yearly, were in 1893 6 p. o.; also in 1892·93 paid a. special dividend of 13 p. o.; in 1894, Feb., 2 p. c. In year 1892·93 gross earnings were $251,956; net.,_ $129,955; interest, etc., $42,738; surplus tor dlv., $87,217. In 1891·~2 gross, $230,664. In A.ug., 1893, oar trust 6s, $201,000, Cresson & Clearfield County & New York Short Route.Owns from Cresson, Pa., to Irvona, Pa., 27 miles, and branch to Rich· land Mines, 2 miles. Leased for 99 years from J an. 2, 1893, to the Peru:.sylvania RR. Co., which owns $910,150 of the stock. Coupon due May 1, 1893, was not paid and some of the previous coupons are also held against the company. Bought by- Pennsylvania RR. at foreclosure sale early in 1894. The road 1s operated at cost. Stock, $1,000,000; par, $50. Car trusts due Feb. 1, 1900, $90,· 000. In 1893 gross earnings $79,402; net, $32,469. (V. 55, p. 1078.) CuJD.berland & Ohlo.-(See Map Lott,isville cl Nashville.)- Owns as follows :-Southern Division, Cumberland & Ohio Junction to Greensburg, Ky., 31 miles; Northern Division, Shelbyville to Bloom· field, 27 miles. The Southern Division was leased to L. & N. Sept. 19, 1878, for 25 years, and the 7s of 1898 guaranteed principal and inter• est. The Northern Division was leased July 28, 1 879, for 30 y:ears to the Louisville Cincinnati & Lexington (now Louisville & Nashville), the net earnings to be applied to interest on bonds and sinking fund. Interest on Northern Div. bonds was in default in 1893. In year 1892·93, net earnings of Southern Division, $21,137, against $15,635 in 1891·92, and of Northern Div., gross, were $29,021, agst. $26,005 in 1891·92. CUJnberland & Pennsylvanla.-Owns from Cumberland, Md., to Piedmont~d., and several branches, 57 miles. Owned and oper· ated by Consolidation Coal Co., which guarantees by endorsement the first mortgage. V. 52, p. 390. Stock, $1,500,000; par, $100. Cumberland Valley.-Owns from Harrisburg, Pa., to Potomac Rivert~d., 82 miles (and with leased lines operates to Winchester, a. total aistanoe of 116 miles). It leases-Cumberland Valley & Martins• burg Railroad, 34 miles; Dillsburg & Mechanicsburg Railroad, 9 miles; Southern Pennsylvania Railroad, 21 miles; controls Mont Alto Railroad, 18 miles, but accounts are kept separate; total operated, 165 miles. New entrance into Harrisburg is proposed. STOCK.-A.uthorized, $2,000,000; outstanding, $1,292,950 common, $241,900flrst pref. and $243,000 second pref.; of this $975,800 com• mon and $237,200 prererred are owned by Pennsylvania RR. Co. Large advances have been made to branch roads. DIVIDENDS.-In 1880 to 1884, 10 per cent yearly; from 1885, to Jan., 1895, both inclusive, at rate of 8 per cent yearly. EARNJNGS.-11 months.- 51894, gross, $732,919; net, $245,220. January 1 to Nov. 30. { 1893, gross, 811,978; net, 224,817. In year 1893 gross main line were $792,467; net, $188,353. lnterest paid on bonds, $21,640; dividends paid (8 p. c.), $142,228'. balance, surplus, $24,485. In 1892 gross, $845,073; net, $228,629'. ayton & Mlcb.lgan.-Owns Dayton, 0., to Toledo June.. 0., 141 miles, and leases Deshler to Findlay, 11 miles. Trackage (Lake Shore) into Toledo, 114 miles. LEASE.-Leased May 1, 1863, in perpetuity to Cincinnati Hamilton & Dayton. Rental is the interest and sinking fund of debt, and 8 per cent on preferred stock and 312 per cent on common. BECURITIES.-Guaranty on preferred is secured by mortgage of 1871, but the preferred carries no voting power. V. 56, p. 813. Mortgage of 1856 is held alive under mortg. of 1881, which is therefore a first lien. IIIE.i.B.NINGS.-Profit to lessee in 1887·8, $363,933; in 1888·9, $348,· 068; in 1889·90, $379,494; in 1890·91, $392,365; in 1891·92, $386,400. Gross earnin~s in year ending June 30, 1893 (including Troy ~ Piqua branch, 8 miles), were $1,859,547; net, ~?~2,118; surplus overmterest and dividends, $393,870. Current liabilities July 1, 1893, $921,086. Dayton & Unlon.-Owns from Dodson, O., to Union City, Ind.. 8 2 miles; leases Dayton to Dodsdon, 15 miles ; total operated, 4 7 miles, Operatea by Cleveland Cincinnati Chicago & St. Lt,uis, which, .Jointly with the Cincinnati Hamilton & Dayton, owns the capital stock. .All eurplus earnings over interest goes to a sinking fund for the redemption of bonds at not above 100. Capital stock, $86,300. For year ending June 30, 1894, gross, $136,926; net, $59,420; s urplus over charges, $26,684. Bonds redeemed, $2,000. In year ending vet. 31, 1893, gross, $151,346; net, $73,648, ag t. $73,833 in 1891·92; taxes, $3,469; surplus over interest on incomes, $37,362. Dayton & Western.-Owns from Dayton, O., to State line, Ind., 37 miles, and leases 4 miles to Richmond Ind. Leased from January 1 1865 1 for 99 years, renewable forever, to Little Mia.mi, and so operated by P1ttsb. Cin. Chic. & St. Louis. These companies are virtual owners and answerable for all obligations. Of bonds $32,000 are 7s. Decatur Chesapeake & N. o.-see March, 1894, SUPPLElllENT. Delaware,-Ownsfrom Delaware Junction (Phila.. Wilmington & Baltimore), Del., to Delmar (Maryland line), 95 miles; branches, 22 miles. Leased till 1897 to the Philadelphia Wilmington & Baltimore, which owns $1,181,325 of the stcok. Rent~l, 6 per cent on s!ook a.nu interest on bonds, any surplus of net earmngs, after pa.yin!!> renta  D   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  ---- ---- ----------1------  divided equally between lessee and lessor. In year ending October 31. 1893, gross earnings were $1,389,220; net, $525,739; interest, divi• lends, etc., $212,945; surplus, $312,794, against $105,490 in 1891·92. Delaware & Bound Brook.-Owns from Bound Brook (Central of New Jersey) to Dela.ware River, 27 miles; branch to Trenton, etc., 7 miles. In connection with Central of New Jersey and North Pennsyl vania, forms a.line between New York and Philadelphia. In May, 1879, tl'I e property -was leased for 990 years to Philadelphia & Reading, the lessee :paying interest and 8 per cent on stock. Rental $275,000. Gross earns. m 1892, $1,132,441; net, $611,272, against $520,648 in 1891. Delaware & Chesapeake Ky .-ROAD.-Clayton, Del., to Oxford, Md., 54 miles. .A. reorganization in 1878 of the Md. & Del. RR. The Phila. Wilm. & Balto. owns all the stock ($600,000, par $25), and operates the line, guaranteeing the bonds principal and interest. Unfunded debt Oct. 31, 1894, $487,041. EA.Rli!NGS.-Fi cal year ends Oct. 31. For 1893·94 gross, $79,869; deficit under operating expen es and taxes, $6,905; interest charges, $18,515; decitlt for year, $25,420. In '92·3 gro s, $106,625; net, $8,779. President, G. B. Roberts; Secretary, Robt. H. Goff; Treas., Robert H Smith, Phila., Pa. Delaware & Hudson Canal Co.-(See Map.)-Owns canal from Rondout, N. Y ., to Ho:aesdale, Pa., 108 miles (completed in 1828), and operates railroad lines extending from Wilkesbarre, Pa., via Albany. N. Y., to Rouse's Point, 011 Canada line, with branches, 685 miles in all. The system is well shown on the adjoining map, and includes: Lines ownedMiles. Linesleased-1T See these cos. Mile&. Lackawanna & Susquehanna .. 22 1!Albany & Susquehanna ....... 142 Valley RR. of Pa ...•..........• 17 ,rNew York & Canada . ..... - ••• 150 Gravity RR ..................... 56 1!Rensselaer & Saratoga ........ 192 Schenectady & Mechanicville. 10 ,rUnion RR. ............. _....... 2Z. Cherry Val. Sharon &A.lbany 21 Jeffers<?n RR. (trackage) ...•• _. 35 ,rsoheneotady& Duanesburg .. 14 Other lines ........... _.......... 4  --  Total operated ..•... ··-· ................ ···--······- .. _............. 685.A.lso leases Utica Clinton & Bin~hamton and Rome & Clinton RR., 44 miles, sub·let to New York Ontano & Western. HISTORY, ETC.-This company was chartered .A.pril 7, 1823. It ta one of the largest miners and carriers of anthracite coal. Bee V. 54, p. 799. In June, 1889, the .Adirondack Railroad (60 miles) was purchased. Of the Rutland Railroad stock D. & H. owns $3,000,000 pref. and$1,000,000 common: road is leased to Central RR. of Vermont. STOCK.-In May, 1894, $5,000,000 stock was sold to stockholders at par to retire debentures due Oct. 1, 1894. DIVIDENDS since 5'81. '82. '83. '84. '85. '86. '87. '88. '89 to Dec., '94. 1880, per cent .... l 412 7 7 7 6 5 5 6 7 yearly. Dividends for 1895 have been fixed at 7 p. c., payable quarterly. BONDS.-.A.dirondaok Railroad bonds carry the endorsed guarantee of the D. & H. as to principal and interest. See that company. The Pennsylvania Division bonds cover coal lands, collieries, ra.11roads, canal, equipment and all other property in Pennsylvania.. ANNUAL REPORT.-Fisoal yea.rends Dec. 31. Annual meeting ls hellt on the second Tuesday in May. Report !or 1893 was in CHRONICLE, V. 58, p. 343. Coal (anthracite) carried in 1893, 6,177,659 tons,. against 6,225,296 tons in 1892. Year ending Dec. 31. 1890. 1891. 1892. 1893. Receipts from coal. $7,800,20'7 $8,335,010 $9,629,333 $9,939,648Railroads ......... 10,670,732 10,062,324 10,356,443 10,212,412 Miscellaneous..... 911,968 711,869 452,765 520,258Total···--·· .•... $19,382,907 $19,109,203 $20,438,541 $20,672,318 Opera.ting expenses. 13,303,234 13,511,776 13,977,757 14,050,131 Net .............. $6,079,673 $5,597,427 $6,460,784 $6,622,187 Int., taxes & rentals. 3,511,333 3,393,377 3,425,320 3,407,637 Ba.lance for stock. $2,568,340 $2,204,050 $3,035,464 $3,214,550-(V. 58, p, 222, 263, 343, 550,595, 636, 773, 815, 1034, 1102.) Delaware Lackawanna & Western.-(See MapJ.-RoADOperates main line from Jersey City, N. J., opposite New York Citl:r to , Buffalo N. Y., 409 miles, with branches to coal region, etc., 491 muea. The system, as clearly indicated on accompanying map, moludea: Lines ownedMiles. Lines leased-,r See each co. Mite11. N. J. State line to N.Y. line .. -.115 ,rsyracuseBing. & N. Y ....••••• 81 Br'nches to N'rthumberl'nd,&o. 97 ,rUtioa Chenango & Susq.. •• • •• 97 Lines leased,rvalley RR. of N. Y ..... - ... ·-· 12 ,rMorris &Essex ................ 120 ,rwarren ...... - ................. 18 ,rN.Y. Lackawanna. &Western _214 Sussex, &o .•. _............... - •. 77 ,rcayuga & Susquehanna···-·· 34 ,roswego & Syracuse .....•..... 35 Total operated ........ ·-····900 HISTORY, ETc.-This is one of the most important of the anthracite coal roads. Original company chartered in 1849; present title assumed in 1853. Its leasect lines are mostly held under long leases and the system is compact. In 1894 representatives of the Vanderbilts entered the directory. See V. 57, p. 721 . DIVIDENDS since 1880-In 1881, 634 ; ln 1882, 1883 and 1884, 8; in 1885, 7¾; from 1886 to Jan. 1895 inclusive at rate of 7 p. o. yearly.   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  § rn  ~  0  ~  fld  rn  ~ ~  I MAP OF THE  DELAWARE, LACKAWANNA ~ WESTERN R.R. AND ITS CONNECTIONS.  ~ ~  .J .ANUA.RY, 1895.]  RAILROAD STOCKS AND BONDS  33  Sub11crlber11 will eonf'er a great favor by giving bn.Jnedlate notice of any error dl11covered In the11e Tables. RAILROADS.  •or ~la.nation of column headings, &o., see notes on first page of tables.  INTEREST OR DIVIDENDS. Bond8-Prlnol• Miles Da.te Size, or A.mount -----------------1pa.l,WhenDue. of of Pa.r Outstanding Rate Per When Where Payable, and by Stocks-Last Road. Bonds Value. Cent. Payable Whom. Dividend.  -Dela:ware Maryland & Virginia-Stock..............  . .A.; Junction & B.-lst m. to State, red. aft. Jan. '95.. ,Junction & Breakwater 2d mortgage. ... ....... . c* 44 Break. & Frank.1st m. to State, red. aft. Jan.'95. 19 Worcester RR. 1st. M. (s.f. not in operat'n) ~old.c* 35 ,Delaware Sus.cf: S.R.R.-M. bonds ($1,500,000) g.c* 48 .Denver Leadville d Gunnison-1st M., gold ... c*&r ... . Denver & Rio Grande-Stock, com., ($45,500,000) . . .. . Pref. stock, 5 per cent non•cum. ($28,000,000)... . .. . 1st mort. $1,000 gold or £206 sinking fund .. c*&r 295 1st oonsol. mortgage (for $42,000,000) gold.c'&r 1,621 Impr<?vement Mort. ($5,000 per mile) gold ... c*&r 1,621 Des Moines & Fort Dodge-Cammon stock .......... . Preferred stock . .. ................................. . lstM. Des M. to Ft. Dodge, Series A, int.guar.,eDd. 1st mort., Series B, income, int. guaranteed, end.. 88 1st mort. on exten., Tara to Ruthven, int. guar .. 56 Des Moines & Kansas Oity-Stock .......•....•.....• 112 1st M. funding and imp. ($2,000,000), gold.. c*&r 112 IDes Moines No. d West.-Stock ($15,000,000 auth.) 1st mortgage, gold ($18,500 per mile) ........... c i5.0 Des Moines Union-lat M. for $800,000, gold..... c* 3 l:Jetroil Bay Oity & .A.lp.-See DETROIT & M.ACKI NAW. Detroit Grand Haven & Mil.-lst equip. M. gu .... c* 189 Consol. mort., guar. by Gr. Trunk of Can ...... . o* 189 Detroit Hillsdale & S. W.-St'k,4 p. c. rent'l,L.S.&MS. 65 Detroit Lansing & Northern-Stock, common........ . ... Preferred stock ................................... . Ionia & Lansing 1st M.,extended in 1889,guar .c* ·55 D.L. & N. consol. mort. (lstmort.on 167 m.) ... o* 222 Saginaw & West. 1st M., iold, guar.,endorsed .. c* 43 Gr. R. L. & D. 1st M., ($2u,OOOp. m.) endorsed . . o"" 55  ·ss  $526,758 ··:j° J:·&--J. Phlla.t2338o.FourthSt. 185,000 250,000 4 F. & A. ao do 200,000 3 J. & J. do do 500··&0. 400,000 4 g. A. & 0. do do 1894 1,000 600,000 6 g . A. & 0. Philadel., Co.'s Office. 2,308,000 New York. 412g. M. & N. 38,000,000 100 23,650,000 See.text. ::::: Office, 47 Wm. St., N. Y. 500 &c. 6,382,500 7 g. M. & N. N. Y., Fourth Nat. Bank. 1886 500 &c. 28,650,000 4 g. J. & J. do do 500 8,103,500 1888 5 g. J. & D. do do 100 4,283,100 100 763,500 See.text. ::::: Chicago, C.R. I. &Pac. i874 1,000 1,200,000 4 J. & J. N.Y.,Ohio.R.I.&Pac.Co. 1,000 1874 1,200,000 2¼ J. & J. do do 1881 672,000 1,000 4 J. & J. do do 100 800,000 (!) i892 1,000 JOO 4,200,000 In default. 1,000 2,770,000 4 to ·5 g. J ...&.. J. 1,000 1887 552,000 5 g. M. & N. N. Y., Central Trust.  Jan.:·i,·1932 Nov. 1, 1917  0. 5N.Y.Ag'cyBk. Com., l 0. { Canada & London. 5 J. N. Y., Farm. L. & Tr. Co. A. . ........ . A. se·e·ieit: J. J. do J. do S. do  Nov.14,1918 Nov. 15, 1918 July 5 1894 Feb. 15, 1887 Feb. 15, 1888 July 1, 1899 Jan. 1, 1907 July 1, 1913 Sept. 1, 1:J27  is6o  1879  rn~t  $25  i:ooo .. ioo  is1i  iso2  1,000 1878 1878 200 &o. 100 100 100 1,000 1869 1877 500 &o. 1,000 1883 1,000 1887  2,000,000 6 3,200,000 6 1,350,000 4 per an. ..•. 1,825,600 2,510,000 770,000 2,672,000 566,000 1,108,000  A. & A. & J. & F. & F. & J. & J. & J. & M.&  Ja.JL·1,--faa2 Feb., 1899 Jan. 1, 1932 April, 1896 April 1, 1909 Nov. 1, 1918  See·text.  Nov. 1, 1900 Jan. 1, 1936 June 1, 1928 Aug."i°,..i894 Jan. 1, 19(a June 1, 1905 June 1, 1905 Jan.:·r,--i932  GENERAL FINA.NCES.-On Dec. 31, 1893, accounts receivable (includ• I LATEST EARNINGS.-From July 1 to Nov. 30 (5 months) : g cash and coal on hand, &c.) were $ 8 ,309 ,19~, aga insE $ 9,189,258 j 5 Months. Gross earnings. N et earnings. I n terest, etc. Balance• Dec. 31, 1892; accounts payable, $6,563,553, agamst $8,8.:,4,475. 1894....... $3,115,579 $1,35 5,894 $1,012,342 sur.$343,552 EA.RNINGS.-The leased lines in New York State for 3 months endino- 1893 -• • • • • • 2,!:l48,045 1,124,517 1,012,500 sur.$112,017 Sept. 30, 1894, had surplus overcharges, of $593,028, again'lt$480.65§ ANNUAL REPORT.-Fiscal year now ends June 30. Annual meeting tn 1893. For 12 months ending June 30, 1894, had surplus over Is held at Denver the third Tuesday in October. Full report for charges of $1,434,826, against $2,199,462 in 1892·93. year 1893·94 was in V. 59, p. 396, 420, 424. 1894. Year ending Jitne 301892. 1893. . ANNUAL REPORT.-Fiscal year ends Dec. 31. Annual meeting is held 1,654 -On Tuesday preceding the last Friday in February. The renort for Average miles operated.••··•·· 1,610 1,646 $6,476,044 1 893, with balance sheet, was in CHRONICLE, v. 58, p. 177. The fol· Gross earnings .. ••·····• .. •·····$8,830,947 $9,317,647 2,503,493 o-ving earnings include all the lines except Syracuse, Binghamton & Net earnings ....••.••...•. •····· 3,709,354 4,035,562 10,300 N. Y. ana the Sussex: RR.: Other income ......•.....•....•• __ 63,550 54,575 2,513,793 Total net income............... 3,772,904 4,090,137 1892· 1893· 1894. Int t b d $1 986 675 $1 986 675 $1,993,873 Ta:::saidin~~!iice::::::::::: '362;127 '352:088 347,227 Betterments................... s. 240,000 240,000 Miscellaneous................... 269,989 109,065 Dividend on preferred stock.... Nil. 473,000 ---Balance, surplus·········•····· $914,113 .$929,309 $87,663 -(V. 56, p. 42, 205; V. 57, p. 59, 396, 421. 422, 423, 683, 721, 763, 938, 1039; 58, p. 1072; 59, p. 234,396,420,424, 697.) Total expenses .••. $32,739,878 $34,016,065 $38.246,420 $40,537,572 D .,... l ... F D d O D M i t F D d I .Net receipts......... 7,948,767 7,833,689 7,979,863 8,253,401 es na.o nes.., ort o ~e.~ wns es one~ o ort o ,:re, a., Interest and rentals. 5 328 494 5 418 226 5 366 406 5 360 490 88 m., and Tara to R~thv.en, 55 miles; trackage, Illinois Central, Tara ' ' ' ' ' ' ' ' to Fort Dodge Junct10n, mcluded above. Leased Jan. 1, 1887, to Chio. ,Balance, surplus ..•. $2,620,273 $2,415,463 $2,613,457 $2,892,911 Rock Isl.l P~clor 18 yet~s:et rental of;OtE,.er cen;.;of gross ~ar~, wjth Dividends (7 p. c)... 1,834,000 1,834,000 1,834,000 1,834,000 ~0~'1a_~~a~!e2 pe~e~e~f P~ a~:!~non t~e i!!:::es~a~ir~~:ins~g~ 1 Bala.nee after divs... $786,273 $581,463 $779,457 $1,058,911 pre~erred in 1893, Aug., 2 V· c.; 1894, Aug., 4 p. c. Rental in year -(V. 55, p. 257,806; v. 56, p. 163,793; v. 57, p. 299, 721,854; v. 58, endmg Dec. 31, 1893, was $138,192; for 1892 was $142,077. q:>. 177,306,345,817; V. 59, p. 234,600,651,835, 879.) Des lUolnes & Kansas City.-Des Moines, Ia., to Cainsville, Mo. 112 miles, 3-foot gauge. Foreclosed in 1887. Under the mortgage for Delaware Maryland & Vlrglnia.-0wn~ from Harrlngton to $2,000,000 (Ma3sachusetts Safe Deposit Co., trustee), $480,000 bonds Rehoboth, Del., 44 miles; Georgetown to Franklin City, Va., 54 miles; are pledged as collateral for notes given for new equipment, repairs,1 -total, 98 miles. Controlled by Philadelphia Wilmington & Baltimore, etc.-the authorized issue is $8,000 per mile on narrow gau!le, $16,00u and so by Pennsylvania Railroad. See V. 50, p. 498. In 1892·93 per mile on broad gauge road. v. 55, p. 297. In year 1892·93 gross et earns., $45,340; surplus, $3,703, against deficit, $15,978 in 1891-92. earning", $117,744; net, $10,554; against $7,077 in 1891·92; charges, Denver Leadville & Gunnlson.-See SUPPLEMENT of Sept., ,9 4 . $4,184. Stock held by President, M. V. B. Edj?erly, as Trustee. Cl.ll'renli liabilities Jan. 1, 1893, $638,509. (V. 55, p. 297.) . Dela"\Vare Susquel:tanna & Schuylkill.-0wns main line • trom Drifton, Pa., to Gowen, Pa., 31 miles; branches, 17 miles; total Des Moines Nortl:tern & Western.-Owns from Des Moines to owned, 48 miles. Trackage-Lehigh Valley RR., 133 miles; other Fonda, lowa, 115 miles, and from Clive (7 miles from Des Moines) to <trackage, 2 miles; total operated, 183 miles. Chartered April 14 , Boone, 35 miles; total, 150 miles-all stanrlard. A consolidation of 1890; opened Feb. 15, 1892. DrvIDENDS on stock are not paid at any Jan. 1, 1892. The bonds bear 4 per cent interest till Jan. 1, 1897; there• .stated period. Oct. 18, 1892, a dividend of 40 p. c. ( he first) was paid after 5 per cent. Mortga.~e trustee ts the Metropolitan Trm1t Co., N. Y. · in cash; Nov. 25, 1893, 20 p. c. in cash and 50 p. c. in stock was paid; In August, 1894, a controlling interest was acquired by Chicago Mil. •.Sept. 26, 1894, 2623 p. c. in cash. STOCK authorized and outstanding & St. Paul, which will operate th~ road eparately. V. 59, p. 228. $1,500,000; par, $50. M ,irtgage trustee is Trust Co. of North Ameri• Road was sold in foreclosure Dec. 18, '94, to purchasmg committee ...ca, Philadelphia. Fiscal year ends June 30. of bondholders for $2,340,000, V. 59, page 1103. EARNINGS.-In year 1893 gross $397,778; net $119,020, against Denver & Rio Grande.-( See Map)-ROAD-The lines of this $141,800 in 1892; deficit under charges in 1893, $6,939. (V. 59, p. ,company, well shown on the ad.joining map, reach all the important 738, 879, 968, 1103. points in Colorado, while its standard gauge line from Denver via Pueblo Des lliol.nes Union.-A terminal road, 5 miles in length, 1D Des · westerly, via Leadville and Rifle Creek, forms a link in the trans· Continental route to Ogden, Salt Lake City, &o. Its total milea1?e Moines. Leased to Wabash RR., Chicago Great Western and Des Moines ,<Jllain line June 30, 1894 (includin,:r Rio Grande Junction RR., etc., 62 N. & W. Rental equal to expenses and fixed char~es paid monthly by miles leased and 18 miles owned but leased to Rio Grande Western), lessees on wheelage. basis. Stock authorized, $2,000,000; outstanding, ,,was 1,632 miles, of which 682 miles was standard or laid with a third $400,uOO-par $100. Due on real estate Feb.I, 1894, $54,775. •Tail: 2d track and sidings 357 miles, of which 257 m. standard or 3·rail. Detroit Bay City & A.lpena.-See DETROIT & MACKINAC. HISTORY.-Reorganization of a railway company of same name fore• Detroit Orand Haven & Mlhvauk.ee.-Owns from Detroit, Aolosed July 12, 1886. The Rio Grande Junction is leased jointly by Mich., to Grand Haven, Mich., 189 miles. A reorganization of Septem• • this company and the Colorado Midland, and its bonds guaranteed. ber, 1878. The bonds are guaranteed by the Grand Trunk of Canada.. DIVIDENDS.-On preferred stock: In 1887, 212per ct.; in 1888, 3~; in Stock, $1,500,000; par, $50. R~al estate mort/l&g3s, $226,000. 1 1889, nil; in 1890, 234; in 1891, Feb., 212 p. c.; then none till 1893, EARNINGS.-11 months, l 1894 ...•.. gross, $934,383; net, $119,154 · when in Feb. 1 p. c. was paid and May 1 p. c.; in Aug, none. See below. Jan. 1 to Nov. 30. 5 1893 ...... gross, 1,0::J:l,897; net, 166,108 BoNDs.-Coupons of the ffrst mortgage sevens are payable at option of Gross earnings in 1893, $1,112,722; net, $187,114; deficit under in· Kholder either in N. Y. City $35 U.S. gold, in London, £7 4s. 5d. sterling, •Or iu. Amsterdam 86 :florins, all free of U. 8. taxes. Of the first con· terest. etc., $177,083-advanced by G-rand Trunk Ry. Detroit Hillsdale & South-western.-0wns from Ypsilanti, olidated gold bonds (United States Trust Co., trustee) $6,382,500 were reserved to retire the jl1'St sevens when due, and they can be issued at Mich., to Bankers, Mich., 65 miles. Succe--sor to Detroit Hillsdale & such rates of interest up to 7 p. c. as will retire said bonds. Upon pay• Indiana, foreclosed Jan. 28, 1875. Leased in perpetuity from July 1 ment of the first 7s the first consols will be a first lien on all the prop- 1881, to the Lake Shore & Michi11:an Southern Co.; the rental is $54,000 ,erty, as they are now on about 1,300 miles of road and all the equip· per yea.r-4 per cent. In year 1893 gross $42,208 , agst. $44,937 in 1892. ment. Consols for $6,900,000 are also reserved for extension to Ogden, Detroit Lansing & N orthern.-A "Merriam " road, extending 1f deemed advisable. Those unissued may be used with the consent of from Detroit to Howard City in Northern Michigan . • a majority of the preferred stock for extensions ali not exceeding Road Owned. Mites. Trackage. (,rWhich see.) Miles. 20,000 per mile. See abstract of mort~age in CHRONICLE, V. 47 p. 228. Detroit to West Detroit The impro-Pement ·mortgage (U.S. Trust Co., trustee), is issued on the W. Det. to Howard Citv,Mich.157 Staunton June. to Big Rapids, (Mich. Oen.) ...... . ... ....... 3 property covered by the consolidated m0t·tg_age, and so eovers all the ero ................•.•.....•.. 63 LansingtoNo.Lansing(Jack. ,oompany's property, follow1Dg immediately after the consolidated. Belding Branch . .............. 112 L & 8.)....... .. ............. 1 Mortgage abstract in CHRONICLE, v. 47, p. 229. Road Leased. Other lines .• ... •...•• ..•••..•. 10 GENER.AL FINANCES.-On June 30, 1894, the company held in its Saginaw & Western RR., Al· <!"treasury stocks and bonds valued at $1,503,711, for the acquisition of ma to Howard City......... 43 Total operated ............. . 334¼ . a part of which it owed $150,000. There was no other :floating debt. Gr. Rapids Lansing & Detroit, Oper. Separately (int. paid). \ The "special renewal fund" held $437,647. Gr. R'i.pids to Gr. Ledge,etc. 55 Saginaw Val. & St. Louis1f .. 45  Year ende . Dec; 31. $4\84960.185 $31,680941,., 51 P asseng r earns ••· ' ' 9,679, ,732 Coal freight.········ 9 ,799 ,44o Mdse &misceL.. .... _2073,398 ~727,938 $21,119,023 $22,011,821 Other receipts ....... 19,569,622 19,837,933  $31,685952,.560 $31,882903,.908 10,448,277 10,949,533 9,302,187 ~96,834 $23,406,024 $24,167,275 22,820,259 24,623,698 _ _ _ ____ ~ ital grossreceipts.$40,68R,'345 $41,849,754 $46,226,283 $4.8,790,973 V11eratlngexpenses .. 32,41:HJ,859 33,894,519 37,781,880 { Betterments, &o..... 240,019 121,474 464,540 5 40 ' 537 ' 572   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  v.  1  ½  v.   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  INVESTORS' SUPPLEMENT.  fVot. LX, .  DENVER & RIO GRANDE RAILROAD :r,auo  ile loa P-08ua ~  -JANUA.RY 1  181·5. J  RAILROAD STOCKS AND BONDS.  Subscribers will conl'er a great Cavor by giving; immediate notice oC any error discovered In these Table•• Bond8-Prino1RAILROADS, INTEREST OR DIVIDENDS. Miles Date Size,or pal,When Due. Amount Rate per When For explanation of column headings, &c., see notes of of Par Outstanding Where PW:J>~• and by Stocks-Last on first page of tables. Road. Bonds Value. Cent. Payable Dividend.  Detroit d: Mackinac-Stock $3,000,000 ........•.... "First lien" bonds $1,500,000 gold ....••......... ·' Mort~ge bonds" $2,500,000 gold ........•..... Dover d: ekaway-Stock 6 p. c., rental 999 years . 1st mortga$e ..... _. ..........................•...... Dubuque d: Sioux Oity-Stock .............•.......... General mortffiage for $3,000,000, gold ...... . c&r Iowa Falls & iou.x City 1st M., Ia. F. to 8. City .. Cher & Dak and Cedar Rap. & Chic. 1st morts ... l)uluth d: Iron Range-1st mortgage ............ c&r Income certificates .......•.....•.•••••............ Duluth Missabe d: Northern-1st mort~age, gold ... 1st consoJ. mortgage, $3,500,000, ff>o d ........*... "l>ul.Rm Wingd:So.-lstM.,g.,$20,00 permile.c &r Duluth South Sh.d: .Atlantic-Marq.H.&On.Gen.M.o• Duluth South Shore & Atlan., 1st mort., gold .. c&r First consol. mort.~oldj_ interest guar ..... o*&r lnc. certs. ($3,000,0 he d by C. Pac. Jan., '94) Duluth Transfer-lat mortgage for $2,000,000 .... Duluth ti Winnipeg.-lst M.for$7,000,000,gold .. c* Dul.& Winn. Ter.Co. lst M.,$250,000,g.,guar.p.& 1. Dunkirk Alltgh. Val. fl Pittsburg-1st mort., ~old .. o 2d and 3d mortgages ($200,000 only are 3 M.).c Durham ti Northern Ry.-Stock, $500,000 auth . .. First mo~age .........•.•........•••••.........•.. East Broad op-lilt mortgage ....•...•.•.•........ r East Ptn~lvania-Stock 6 p.~u.999 yrs.Phil.&R. lstM., go d, guar. p.&l. by P . & Read. (end.) .c.. East St. Louis d: oa,·ondelet Ry.-Stock ............. First mortgage ............•.......•••......•...... c East Short Terminal-1st moriage, gold ........ c* Funded coupon scrip (1st an consol. mortgages) 2d M. ($300,000), g., red. atl05 &int. any M.&S.  'iii all  ···5 524 143 184 197 162  .. ..  --- · $100 ··,i"g. J. ..&.. J. i895 ...... none"jaii.;9fi New York. 1895 4 g. J. & J. New York. noneJan.'95 ··ioo A. & 0. N. Y., 143 Liberty st. $140,000 6 issi 1,000 35,000 6 do do J. & J. 100 8,000,000 See text. ..... N. Y.,Offlce,214B'way. isss 1,000&c 2,231,000 do do ~ g. J. &D 1869 500 &c. See text. A. & 0. do do 1888 1887 1,000&c  -·-· .... 1892  ·25 156 366 580  ·20 100  ·oo 90  1893 1888 1885 1887 1890 1892 1891 1889 1892 1870 1872  isss isss  42 30 36 36  1873  ..... ·-·  1894 1892  .... .... is12 .... 1890  . .....  i:ooo 1,000 1,000 1,000 1,000  i:ooo  1,000 1,000 1,000 1,000 100 1:000 50 1,000 100 1,000 1,000 Text, 1,000  BONDS, ETC.-On Jan. 1, 1894, current liabilities exceeded asset@ by $417,338. Friends or the company puroliased the July, 1893, coupons. The Sept.,'93, coupons of the G. R. Lan. & Detroit were also purchased, see V. 57, p. 22, but coupons due in January, 1894, went to default. Plan of. reorganization presented in March, 1894, and given in V. 58, p. 474, was abandoned in December, 1894. V. 59, p. 1103. LATEST EARNINOs.-From Jan. 1 to Nov. 30 (11 months.) 11 mos. Grossearn'gs. Net earn'gs. Interest, etc Balanu. 1894 .•••.•••.... $1,007,402 $188,498 $329,150 def.$140,652 1893 ...•........ 1,118,346 220,737 288,974 def. 68,237 ANNUAL REPORT.-Report for 1893 was in v. 58, p. 865. Year end. Dee. 31. 1890. 1891. 1892. 1893. Total gross earnings. $1,219,663 $1,254,100 $1,265,572 $1,205,093 N et over exp. & taxes. 392,797 375,446 341,502 234,306 Interest paid......... 318,633 316,587 314,909 328,036 Balance............... sur. 74,164 sur. 58,859 sur. 26,593 def. 93,730 Def. S. V. & St. L. RR. Profit. 19,149 16,907 13,559 Total deficit from opera.tin"' S. V. & St. L. to Dec. 31, 1893, $138,234. -(V. 57, p. 298, 1039, 1122; V. 58, p. 303,474,865; V. 59, p. 968, 1103.) Detroit & Mackinac Ky -Owns from Alger on Michi"'an Central, io Alpena, 105 miles; Loon Lake :Branch, 32 m.hes; Mud Llke Branch, 38 miles; other branches, 49 miles; total Jan. 1, 1893, 224 miles. Much or the branch line mileage is temporary, built only to bring out lumber. REORGANIZATION.-Formed in Dec., 1894, to succeed the Detroit Bay City & Alpena, sold in foreclosure. The securities in table are those proposed by reorganization plan of January, 1895. The" first lien" bondEl are to be reserved for extensions, and the stock and $750-, 000 are to be held for a time in trust. Full particulars in V. 60, p. 130. STOCK.-The capital stock is $3 000 000. ' ' . The incorpora~or!" are Anthony _J. Thomas, C. ~- Coster, N. Gib~s of N. Y., Don M. Dickinson of :petr01t, ?eorge N. 'rocker, Mount Ulemens, _Frank Fletcher. Detroit. President, C. :s;. Coster, N. Y.; VicePresident and Gen.•Man., J. D. Hawkes of Detroit. V. 60, p. 43, 130. Dover & Kocka-way.-(See J1ap Oentral RR. of N. J.J-O~s Por~ Oram to Rockaway, N. J., 5 miles. L eased to Central of N. J. m April, 1881, for 999 years at 6 per cent on stock and bonds, taxes, etc. Dubuque & Sioux City KK.-Owns Dubuque, Iowa, to Iowa Falls, 143 miles ; Iowa Falls to Sioux City, 184 miles; Manchester to Cedar Rapids, 42 miles; Onawa, Iowa, to Sioux Falls, D akota, 155 miles; total owned, 524 miles. Also leases Cedar Falls & Minnesota, 76 miles. LEASE ETc.-In A.prll, 1887, a controlling interest in stock was was sold to Illinois Central which Co. in February, 1891, leased the road; rental is net earnings and lease terminable on 60 days notice. V. 52, p. 350. STOCK AND BONDS.-The Illinois Central Railroad Company July 1 1893, owned $7,!H 7,800 stock and $1,731,000 5 per cents; also all the Cherokee & Dakota and Cedar Rapids & Chicago 5s, due in 1935, which are pledged as part security for its 4 per cents of 1952. Iowa Falls and Sioux City mortgage is for $2,800,000, of which $460,E-OO July 1, 1893, held in the Dubuque & Sioux City treasury. Dub. & s. c. firsts for $586,000 were paid at maturity, July 1, 1894, and will be refunded. In 1894 Illinois Central authorized issue of $3,550,000 Ill. Cen. 4s on road. Dubuque to Iowa FallEl, 143 miles, and an additional $1,025 . 000 when 184 miles, Iowa Falls to Sioux City, is brought under mortgage. See lli. Central. DIVIDENDS-In 1888, ¼ of 1 per cent; in 1891, 2; In 1892, about 16 of 1 p. c.; in '93, Jan., 114 p. c.; July, none; in '94,Jan. l p.c.; July, l½p. c. EARNP<GS.-In year ending June 30, 1894, on 600 miles (incl. Cedar F. & Minn.), gros~. $2,538,923; J?.et, $876,329; o~her inc_oI?e, $6,730; rent of C. F. & Minn., $113,370; mt. on debt, $51,,'l35; d1v1dends {2¼ p. c.) $199,990; bal. surplus for year $51,864. In 1892-93, gross $2,548,768; net, $732,914. (V. 57,p. 546; V. 58, p. 773; ':· 59, p . 191:.) Duluth & Iron Kan~e.-Owns Duluth to Ely, Minn., 116 miles, with branches to Mesaba Range Mines, etc., 46 miles. Also owns ore docks shops and yards on Lake suuerlor costing over $l 500 000 ' . ' ~ : ' · STOCK, ETC.-Stock a~thor1z~d, $3,000,000; outstanding. $500,090; par $100. Land grant from Minnesota about 506,000 acres, of whlch about 184,000 acres h3:d been patented to it prior to June 17, 1893. See V. 5~, p. 875. 1:he Minn. Iron Co. owns the stock, the $3,500,000 6 p. c. mcome certifl.cates and $400,000 bonds. The bonds are authorized at the rate of $25,000 per mile for construction and $7,000 for equipment, the Metropolitan Trust Company of New York being trustee. EA.RNINGS.-In 1893 gross $1,202,865; net, $Gll, 906 ; interest $255,564; rentals, $1,890; intere t earned on loans, $24,208; balance, surplus, $378,660; int. paid on inc. certif . $210,000. Total urplus Dec. 31, 1893, $1,477,239. In 1892 gross, $1,547,476; net, $853,631. In 1891 gross, $1,154,129; net, $618,321. President, J. L Greatsino-er 0 ' Duluth.-(V. 56, p. 330,332, 1015; v. 57, p. 723; V. 58, p. · 3 89.) Duluth lliissabe & Northern.-Owns from Duluth to Mountain Iron, Minn., 73 miles; branches, 47 miles; total, 120 miles. In September, 1893, control of thls road was obtained by the Lake Superior Consolidated Iron l\fines, with a capital of $30,000,000. Ia year 1892-93, on 76 miles, gross $90,363; deficit from operati1Jg $74,140. Duluth Red Wing & Southern.-Projected from Duluth via   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  3,930,000 5,758,000 3,500,000 1,200,000  5 5 6 6 (1) 6 500,000 ~ g. 1,400,000 4,000,000 5 g. 14,600,000 4 g. 3,000,000 4 6 g. 875,000 2,000,000 5 g. 250,000 6 g. 2,000,000 7 g. 900,000 7 290,000 See text. 150,000 6 500,000 4 1,730,450 6 495,000 4 g. 420,000 200,000 1,000,000 5 g. 166,480 ..8.g. 277,000  ··,r  .i.995° 1995  . ·-·. --·  Juiy 19; 1894. June 1, 1938 Oct. 1, 1917 J. &D. do do Dec. 1, 1935 A. & 0. N. Y., Office, Mills Bldg. Oct. 1, 1937  ..&..  ..........  J. J. J. & J. N. Y., Central Trust Co. J. & J. N. Y., Central Trust Co. A. & 0. N. Y., Third Nat. Bank. do do J. & J. F. &A. New York or London. New York. J ...&..J. N. Y., Metropol. Tr. Co. J. & J. Jan., '93, coup. last pd. J. & J. Jan., '93, coup. last pd. J. & D. N. Y.,N. Y.Cent.&Hud. A. & 0. do do 0  0  . -.. ···-··  M: & N. J. & J. Jan., '85, int'st last pd. J. & J. Phil., Phil. & Read. RR. M.& 8. do do .......... A_-·,_r·o. See text. F. & A . Text. M.& s. See text.  Jan:·1;·i922 Jan. 1, 1923 Jan. 1, 1928 Apr. 1, 1925 Jan. 1, 1937 Aug. 1, 1990 Dec. 31, 1912 Jan., 1921 July 1, 1929 July 1, 1922 June 1, 1900 Oct. 1, 1900 Nov.;·i1fa8 July 1, 1903 Jan., 1895 Moh. 1, 1958  1:  oci: · ·i897 Aug. 1, 1915 Mcii: l,..i902  IRed Wing, Minn., and Sioux City, Iowa, to a point opposite Omaha. Neb. In operation from Red Wing, southerly to Zumbrota, 25 miles;  branches, 3 miles. Stock, $375,000, of which $125,000 is preferred. Trustee of mortgage is Central Trust Company. In year 1892-93 gros~ $71,032; net, $28,454. President T. B. Sheldon. (V. 56, p. 403.) Duluth South Shore & A.tlantic.-Operates Duluth to Sa.ult Ste. Marie, 411 miles; "Soo" Junction to St. Ignace, 43 m.; oth1;1r, 124 m.; trackage. 18; total, 596 miles. Connects with Canadian Paci.fie. ORO.ANIZA.TION, &c.-In July, 1888, a, controlling intereRt in this company's stock was sold to CanadianPacifl.c parties. The .Marquette Houghton & Ontonagon was sold j..n 1890, exc~pt its franchise, to th& Duluth South Shore & Atlantic, which assumed its debt. CAPITAL STOCK.-Common stock is $12,000,000 ; preferred, $10,000,000; par both $100. Preferred stock is 6 per cent, non-cum. Canadian Pacific Jan. l, 1894, owned $6,100,000 com. and $5,100,000 pref. stock. BONDS, &c.-Car trust 6s, Dec., 1893, $184,115, due in instalments, last maturing Nov. 7, 1895. Abstract.first mortgage, V. 45, p. 274. The first consolidated mortgage of 1890 has interest at 4 per cent, guaranteed by Canadian Paci.fie, which Jan. 1, 189!, held the entire outstanding issue [$14,600,000] in its treasury as security for _its 4 p. c. debentll!t? stock; consols for $~,400,000 are reserved_for prior bonds and additional amounts may be 1ssmed at $20,000 per mile o:I'. newlines, EARNINGS.-From January 1 to Dec. 31, 1894 (12 months), gross. $1,671,104, against $2,065,711 in 1893. For year endin~ De_c. _31, 1893, gross $2,072,848; net, $555,247; other ipcom.e, $lt>,06::>; mterest charges, $870,167; balance, deficit, $298,805. In 1892 gross, $2,249,194.-IV. 57, p. 979.) Duluth TransCer.-Mileage of road in June,'94, was 20 miles. The mortgage for $2,000,000 is to the Metropolitan Trust Co. of New York, as trustee, and provides for bonds at $50,000 per mile for ;-~ad between Ironton and Lake A venue, Duluth, at $20,000 for additional single track, at $13,200 for double tra.ck; and for $750,000 for bonds fo:r depot ~ounds, depot in Duluth, wharves, fTeight houses, etc. STOCK authonzedandoutstanding,$2,000,000; par $100. The Duluth & Superior Belt has been organized to extend the system to Superior, Wis. Duluth & Winnlpe~.-Owns road completed in 1892 from New Duluth to Deer River, Minnesota, 100 miles, and leases Super:ior ~elt & Terminal Ry., 12 miles. In February, '93, control was acqmred minterestof CanadianPacifl.c. V. 56,p. 24.5. STOCK-authorized-common, $3,000,000; pref., 5 p. c .. non-cum., $_2 ,000,000. On October 12, ~894., William F. Fitch, of the Duluth South Shore & Atlantic, was appomtea receiver, pending f.oreclosrue of the mortgage.-V. 59, p. 697. BoNDs.-Trustee of mortgage for $7,000,000 is the Guar. Trust & Safe Deposit Co. of Philadelphia. EA...RNINGS.--In the fiscal year ending June 30, 1893, gross earnin~s were $226,188; net over expenses and taxes, $94,173. (V. 55, p. 2u7; V. 57, p. 979; V. 59, P. 697.) Dunkirk A.llegheny Valier. & Plttsburg.-Owns from Dun kirk, N. Y. to Ti•usville, Pa., 91 miles. Leased for400 years from 1873 to N. Y. Central & Hudson River RR., but accounts are kept separate. Rental is interest on bonds and 112 per cent on stock. Capital, $1,300,000: par, $100. The N. Y. Central & Hudson River Co. owns $1,0!37,600 of the stock. In year 1893-94 gross, $243,537; deficit under operatmg expenses and taxes, $114,908. In 1892-93 gross, $306,382; net, $65,347. Durhalll. & Nortl•ern Ky.-Road from Henderson to Durham, N. C.• 42 miles. Chartered in 1887 and forms part of the "Seaboard Air Line" system. Dividends in year 1892-93 amounted to 2 p. c. EARNINGs.-For year ending June 30, 1893, gross, $57,052; net, $19,578; interest, $9,000; divid-ends (2 p. o.), $5,802; balance, surplus, $4,776. In 1891-92, gross, $48,220; net, $15,790. East Broad Top KR. & Coal co. (Pa.)-Owns from Mount Union, Pa., to Wood vale, Pa., 31 miles, and leases branches to mines, 14 miles; total, 45 miles. A coal road opened in 1874. The stock is $815,589 (par $50), of which $247,189 is 6 p. c. preferred. EA...RNINGS.-Year 1892-93, gross, $111,676; net, $19,240. p I i O d bl tr k fr R d" ~ Pa to EaS t ennsy v3:n a.- wns ou e ac om ea rn • ·•h ~entown,. Pa., 36 Jl:!iles. Leased for 999 years from May 1, 18 9, tot e Philadelphia & Readin(7 RR. at a rental of 6 per cent per annum OD: the stock and interest on tfie bonds. Of the stock $887,750 was deposited by the lessee under its collateral trust of 1893. East St. Loulll & Carondelet Ky.-Road from East st. Louis to Fallincr Sprin"'S and East Carondelet 12 miles stock authorized 0 ~ f • "'h p $303 1' 00 · " $oOO,OOO, 0 whic enn. O0 : owns , · EARNI~Gs.-For year endmg Dec. 31, 1893, gross, $8?,824, n~t, $8,029; mterest and other charges, $30,965; bala1:ce, detici~, $22,9a6, East Shore _Terlllinal.-ROAD.:--()w_ns termmal road m Charles ton, S. C., 3 miles double track laid with 60 pound steel. Company also owns 14 wharves, 30 w:3-rehouses, about 30 acres_ ot land, 4 cotton compresses, etc., on the 01ty's water front, these bemg connected by it~ own road with the other railroads entering the city. SECURITIES.-Stock authorized, $5,000,000; outstanding, $1_,120,~00. In 1894 fourflrstmortg'e coupons tFeb. 1894, to Sept., 1_895, ip.clusive► and six consol. coupons (S_evt., 1893, to March, 1896, mclusive, were funded into 5 per cent scrip. OPERATIONS, ETC.-Net earns. for year 1893-94, $44,528; in 1893 about $65,000. President, Samuel D. Davis, 40 Wall St., New York.  INVESTORS' SUPPLEMENT.  A8   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  0  [VOL. l ~  N  MAP OF THE  ELGIN, JOLIET AND  EASTERN RAILWAY CHICAGO OUTER  BELT LINE CONNECTING ALL RAILROADS CENTERING AT CHICAGO.  ~ NBWT 0  Fair Oak  E  N R.  '  RAILROAD STOCKS AND BONDS.  JANUARY, . 1895, l  Sub8crlber8 will confer a great favor by giving Immediate notice of any error discovered In the8e Table•• RAILROADS.  l'or explanation of column headings, &c., see notes on first page of tables.  llast Tenn. Virgin.  Bfnuts-Pr1notINTEREST OR DfVIDENDS. Miles Date Size, or Due. Amount Rate Per When Where Payable, and by pal,When of of Par Outstanding Stocks-Last Road. Bonds Value. Whom. Divideud. Cent. Payable  cl: Ga.-(SEE SOUTH. RY. CO.)Cincinnati Extension Collat. Tr., l?Old ........... c* .... East Tenn. cl: Western N. Oar.-Firat morti.rage ..... .... E 1ut cf West RR.-Stock (owned by E. Kelly.) ...... ···Eastern Kentucky Ry.-Stock ($1,697,800 is pref.) •uurn (N. H.J-Stock............... ................ 16 94 Bel Ritier-Stock, 212 to 3 c., ~ar. by Wabash... Blf:in Joliet ti Eastern-la M. ($ 0,000,000) gold.c* 177 Ill ?abeth,town Lex. ti BiKeSandy-See CHESAPEAKE & OHI •imira Cortland d: Nort rn-lst pref. M., gold .. c• 120 lat mortgage, gold................................. 120 34 •imiratlLakeOntario-SodusBay&So.-lstM.W,.c •imira ti Williamsport-Bt'k, com. 5 p. c. ren'l, .C. 7512 Preferred stock, 7 p. c. rental, 9 99 yrs., No. Cent. 7512 let mort., convertible into common stock at par.r 7512 Inoome bonds, 999 years to run ..•....•• •....•• c* llr~ ~ Pitts.-Stock, 7 p. c. rental,999 yrs ..PennCo. ·s5 81 Consol. mort. (for $4,500,000) tree of State tax.c 81 Equipment bonds ................................. c 81 General mort., $4,500,000 series A, gold, guar... 19 llureka Springs-1st mort~age, gold ..••...•....••• o 2d mortgage income bonds, non•cum ...••.••.....• Roann-Uk ti Indi.anapolis-T. H. & Soutbe,letM.c* ·40 55 Evansville & Ihdta.tiA.pollf:\ ht tnort.. gold,irua.r.• o+ Oon..'M.($2.500.000\g.,gu.£.&i.(end.)Ev.&T.H.c~ 135 80 gold.c* mort., 1st iv. Richm'd--West'n ti B-oann. lat gen. M., $12,500 p. m., g., guar. p. & i. (end.) .. o~ 112 •anBtJille ti Terre Haute-Stock ($4,000,000) ...•••. Consolidated mort~age (now 1st lien), gold ...••. ff5 let consolidated mortg~e, gold ......••..•..••. c* 144 25 .Ht. Vernon Branch mo ~aie, gold ..... .....••. o* 30 Sullivan County Coal branc mortgage, ~old .. _c* 1st Q;eneral mo!"lgage for $7,000,000, god ..•.. c* 199  ---  .. ---- .... .•••  f°  -----  1890 $1,000 1871  ··ioo  .••. 1891 o. 1884 1884 1884  ....  i860 1863 i868 1870 1890 1883 1883 1879 1884 1886 1888 1891 isso 1881 1883 1890 1892  100 100 100 1,000 1,000 1,000 1,000 50 50 1,000 500 50 1,000 1,000 1,000 1,000 500 1,000 1,000 1,000 1,000 1,000 60  i:ooo  1,000 1,000 1,000  East Tenne8see Virginia & Georgla.-See SOUTHER RY. Co. The Oincimiati Extension bonds of 1890 are secured oypledge of Alabama Great Southern first preferred" A" stock, £340,000; ordinary "B" stock £783,010; and Cin. N. 0. & Tex. Pac. Ry. stock $500,100. Default <>ccurred Aug., 1893, and the bonds were ex:cluden from the Richmond Terminal reorganization plan of Feb., 1894. In Mar., 1894, Cincinnati H. & Dayton parties acquired Baron Erlanger's bonds. In September, 1.894, the minority bondh,1lders sold their bonds to the Southern Ry. -Co. Sale "in block" of the collateral for the Cincinnati Extension bonds has been ordered by the Court, but date not fixed. See V. 59, p. 472,968. Bondholders' committee: George Coppell, Frederic Taylor, James Swann and John Greenough, 20 Wall St., New York. Bee abstract of mortgage, V. 52, p. 83. (V. 55, p. 21, 255, 938; V. 56, p. 206, 874; V. 57, p. 763; V. 58, p. 127,636; v. 59, p. 70, 115, 879, ¢8.) Ea8t & ,v e8t Kallroad.-Cartersville, Ga., to Pell City Ala., 117 miles; branch, 2 miles. Extension f l'om Pell City to Birmlniham is projected. Formerly the East cf: West RR. of Alabama, sold m foreclosure May 29, 1893. (V. 56, p. 923.l The pre ent company was incorporated under laws of Alabama Jan. 11, 1894. No bonds Issued. President, Eugene Kelly, New York. In year ending June 30, 1893, gross earnings of old company $110,530; net, $5,915. In 1891-92 gross, $128,030; net, $11,821. (V. 55, p. 938; V. 56, p. ,163, 923. l Eastern Kentucky Ky.-Road from Riverton to Webbville, Ky., 86 miles. Chartered in 1866 and opened through in 1889. Stock is .common $1,779,500; prererred $1,697 800. There are n0 bonds. Bills .and accounts payabie June 30, 1'394, i56,14q, Earnings-for ,vear endIng June 30, 18~3, gross, $56,871; net, $7,506; other income, $2,100. Ea8tern (N. H.)-Owns from Portsmouth, N. H., to Seabrook (Massaehusetts State Line) 16 miles. Leased to the Eastern RR. (now ,consolidated with Boston & Maine) from October 1, 1878, for 60 years ,and 2 months at $22,500 per year. In June, 1891, a stock dividend of 50 1>er cent was paid. Dividends since increase, 3 per cent per annum. Eel Klver.-Owns from Logansport, Ind., to Butler, Ind., 94 miles. iForeclosed July 6, 1877. Leased for 99 years, April 1, 1887, renewable itorever, to Wabash, at 2 per cent yearly on tihe stock till April, 1892, tlhen 212 till 1895 a.nd 3 per cent thereafter. In June, 1894, W. O. J:ohnson was appointed receiver-(V. 58, p. 716, 1110.) Ele;ln .Tollet & Ea8tern.-(See Map)-Owns from Waukegan Ill., ion Lakf' '1:iohigan, via Spaulding and Joliet, to Porter, Ind., 1.30 miles, and branches N ormantown to Aurora, 9 miles-Walker to Cos• ter, lli.-32 miles; other, 11 miles; total, 182 miles. An outer belt line aff'ording facilities at Chicago for transfer flf freight from one line to a,nother without breaking bt1lk. Also reaches coal fields. In 1894 trackage to navigable water of Lake Michigan was secured by 99•year contracts with L. N. A. & Chicae;o from Dyer, Ind., to Illinois State line (near Hammond), 10 miles, and with Chicago & W. Ind. from there to South Chicago, 5 miles, .where the company has purchased extensive terminal property on Calumet River, including 1,255 feet of waterfront. BTOCK.-Stock, $6,000,000; par, $100. BONDS, ETc.-First mortgage (trustees Central Trust Co. and J. M, Butler) ls for $10,000,000; the balance unissued can be disposed of for extenslons, betterments, etc. Equip. notes June 30, 1894, $236,862. Loans and bills payable, $287,520. EARNINGS.-5 months, 11894 ...••.. gross, $457,456; net, $137,147 5 1893 ....... gross, 417,756; net, 142,723 July 1 to Nov. 30. ANNUAL REPORT.-Fiscal year ends June 30. Report for 1893-9 was given in full in V. 59, p. 471,475. The property has bePn fully main,ained during the year, $99,310 having been spent for" mainten.ance of way" against $94,091 in 1892-93, and $109,26ti for" mainten.ance of equipment" against $101,804. 1893-94. 1892-93. 1891·92. Year end. June 30. 1890-91. . .....•. 101,572,866 126,824,946 137,983,578 Tons carried 1 mile.. $0 0072 $0·0068 $0·0076 . . . . . •• • Av. rate p. ton perm. $920,032 $1,020,326 $815,134 $631,282 Gross earninis...... 699,865 677,674 547,932 435,4.49 Expenses ana taxes. Net earnings..... Fixed charges. ... • • •  --- - - --$320,461 - - - -$242,358 ----·$267,202 $195,833 239,350  278,900  289,084  303,950  ----- - - - - - · - - - -·---  Balance .........• def.$43,517 def.$11,698 def.$46, 726 sur.$16,5 L1 President, Samuel Spencer, N. Y. CV. 55, p. 677; V. 57, p. 719; V. 59, p. 191,471, 47 6.) Elmira Cortland & N orthern.-Owns Elmira, N. Y., to Canastota, N. Y., 119 m., and leases during corporate existence, Canastota North• ,ern, Canastota to Camden. N. Y., 21 m . . Stock $2,000,000; par, $100. EARNINGS,-From July 1 to Sept. 30, 3 months1.894 ............ gross, $122,456; net, $55,973; surplus over 5 $25,116 charges. ~ 19,H78 1893 ............ gross, 107,045; net, 40)867; In year 1893-94 gross, $365,026 against $419,188 in 1893; net, $93~ -502, against $121,668; interest on preferred mortgage eto., $46,40v; ·rentals, etc., $18,000; surplus, $29,102, against $57,268. (V. 57, p, .596; V. 59, p. 4t2.)   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  i  6,000,000 g. 250,000 1,500,000 ····-3,447,300 738,750 3 per.an. 3,000,000 212peran 5 g. 6,079,000 750,000 1,250,000 500,000 500,000 500,000 1,000,000 570,000 1,998,400 2,109,000 511,000 775,000 500,000 500,000 251,000 653,000 1,596,000 91,000 1,309,000 3,99~83 3 uoo 3,000,000 375,000 450,000 2.040,000  F. & A. Feb., '93, coup. last Bd. Feb. 1, 1940 M.&N. Phila. Gu. T. & S. D. o . Nov. 1, 1895  ..........  ·····  ··-·····  J.-·&·n. Boston, by Treasurer. Dec· .i5: i894. A. & 0. Boston, by Treasurer. Oct. 5, 1894. M.&N. N'. Y.,.T.P.Morgan&Co. May 1, 1941 0  6 g. 5 g. 5 g. 5 per an. 7 per an. 6 5 7 pe an.  A. & 0. N. Yd 192 Brotway. 0 A. & 0. J. & J. N. Y., Nat. Bank Com. M.&N . Phila., Penn. RR. Co. do do J. & J. do J. & J . do do A. & 0. do Q.-M. N. Y.dJlnion ~ ! t Co. J. & J. do A. & 0. 7 do do 4 g. J. & J. do 6 g. F. &A. N. Y.,MercantueTr.Co. Feb'y 1. '92-3 pd. 3%; '93-4 none. 6 M. & 8. N. Y., Farm. L. & Tr. Co. 7 do 6 g. J. & J. do do 6 g. J. & J. do 5 g. M. & S. Sep.,'93,coup. last paid. 5 g. M. & S. Sep.,'93,ooup. last paid. Bee text. Bee text N. Y., Farm. L. & Tr. Co. do do 6 g. 'J. & J. do do & 6 g. do do 6 g. A. & 0. do do 5 g. A. & o. do do 5 g. A. & 0.  7  lJ. J.  Apr. 1, 1914. Apr. 1, 1914. July 1, 1924. Nov.1, 1894 July 2, 1894 Jan. 1, 1910 Oct. 1, 2862 Dec., 1894 July 1, 1898 Oct. 1, 1900 July 1, 1940 Feb. 1, 1933 Feb. 1, 1933 B~t. 1, 1909 J y 1, 1924 Jan. 1, 1926 Sept. 1, 1928 Sept. 1, 1931. Aug. 1, 1893 July 1, 1910 July 1, 1921 Apr. 1, 1923 Apr. 1, 1930 Apr. 1, 1942  Elmira & Lake Ontarlo.-Owns from Canandaigua, N. Y., to Chemung Junction, 64 miles· Sodus Point to Stanley, 34 miles; other 2 -total, 100 miles. A consolidation in December, 1886, or the Sodus Bay & Southern and other railroads. Leased at cost of operating to the Northern Central, which owns all the $1,500,000 stock. Lease ma.y be terminated on thirty days' notice. In 1893 gross earn. $668,385; net, $36,681; interest, $25,000; other charges, $21,980. Elmira & Wllllamsport.-Owns from Williamsport, Pa. to El mira, N. Y., 7512 miles. Leased to the Northern Centra.i Ra.fl• way for 999 years from May li 1863, at a rental of $151,500 per annum after January 1, 1880. The aivldends on the common stock are 5 per cent and on the preferred 7 per cent, less taxes, making dividend on common 4·58 p. c. and on preferred 6·38 p. c. Gross earnings in 1893, $1,065,116, aiainst $1,135,910 in 1892; neti, $315,882, against $332,· 326 ; rental, -11169,002. Erle & Pltt8bur~.-Owns New Castle, Pa., to Girard, Pa., 81 miles; bra.nch, to Erie Docs:s, 3 miles; trackage, to Erie, 17 miles; tota.l operated, 101 miles. Leased to the Pennsylvania. Railroad :tor 999 years from March 1, 1870, at a rental of 7 per cent on stock and interest on the bonds, and the lease transferred to the Pennsylvania. Company. Under the general mortgage sufficient bonds are reserved to retire prior bonds when due. The lease has been quite unprofitable to the lessees, the deficiency being in 1889. $290,734; in 1890, ljj267,705; in 1891, $201,724; in 1892, $206,430; in 1893, $188,216. ~ureka Sprlngs.-Seligman, Mo., to Eureka Springs, Ark., lij19 .m.iles. Stock, $500,000; par, $100. In year 1892-93 gross, $88,247; net, $47,051, against $43,807; interest, $45,000; other, $3,301. Evansvtlle & Indlanapoll•.-Owns Evansv1lle to Terre H~nt.e, Ind. (via Worthington), 138 miles; branch 6 m.; leases branch, 12 m. HISTORY, ETc.-A consolidation in October, 1885, of the Evan ville & Indianapolis, the Evansville Washington & Brazil and the Terre Haute & Southeastern RRs. Of the consols $904,000 are reserved to meet prior liens. The consols. and the bonds of 1924 are guaranteed by Evansv. & Terre Haute., which owns entire capital stock, $2,000,000. LATEST EA.RNINGS.-From Jan. i to Dec. 31, 1891 (12 months), gross, $277,883. against $360,187 in 1893. In year 1893-94 gross, $310,880; net, $102,535; other income, $7,739; char7es and taxes, $193,-'U 3; bal· ance deficit, $83,539. In year 1892-93 gross, $391,629; net, $185,051; other income, $11,080; fixed charges, $184,830; surplus, $11,301. Evan8vllle & Klehmond.-Owne Elnora to Westport, Ind., 102 miles, and coal spurs 10 miles. Projected to Richmond, 65 miles. RECEIVERSHIP.-On 'Feb. 28, 1894, CoL James Montgomery of Evans• v1lle, Ind., was appointed receiver, and interest due March 1 was not paid. READJUSTM'IINT OF SECURITIES.-In Decemher, 1894, the Evansville & T. H. offered E. & R. bondholders 85 p. o. or the face of their bonds in E. & T. H. 5 p. c. non-cumulative and non-votin<>' prefe rred stock and par in such stock fc:n: interest accrued to Jan. 1, iS95. V. 60, p. 43; V. 59, p. 116.) STOCK AND BoNDs.-Evansv1lle & Terre Haute guaranteed the prinoi• pal and interest of the general mortgage 5s and owns the entire capital stock of $1,500,000. See E. & T. H . Co. The authorized issue of these bonds is $2,000,000, of which $91,000 held to retire a like amount ot Western Division gold5s. EARNINGS.-From Jan. 1 to Dec. 21, 1894 (11% mos.), gross $103,275, a~ainst $123,180 in 1893. For year ending June 30, 1894, gross were $107,673; net, $742. In 1892-93 gross, $146,505; net, $i9,378; . detlcit under charges $42,752. See V. 54, p. 366, 587, 643; V. 58, p. 382,430,904; V. 59, p. 116,182,472, 1058, 1141; V. t0, p. 43, 131 . Evan8vllle & Terre Haute.-The system includes: Road owned and operated. Miles. Oontrolled--op. separately. Milu. Evansville to Terre Haute.. 109 Evansville & Indianapo1is,i Evansville to Terre Haute 52 Branclles to Mt. Vernon, etc. via Worthin~ton, etc ....... 156 5 Evansville .13elti (stock held). - - I LeaRed to other co.'s Rock· 23 Total in earnings........... 166 1 ville extension............. ORGANIZATION, ETC.-•Formerly Evansville & Crawrordsville RR. Hae close traffic oontract with Chicago &Eastern Illinois for route to Chica.go. STOCK.-In Novemberfl893, stock was increased from $3,000,000 to $4,000,000, and "scrip dividend'" e'lual to one-thir1 of tlleir holdings was offered to stockholders, such scrip to be convertible into new stook on payment of $20 per share (par, $50). DIVIDENDS since 1880.-[n 1881, 412 per cent; in 1884, 5; in 1885, 3; in 1886, 4; from 1887 to 1890, inclusive, 5 per cent per annum; in 1891, 7; in 1892, 7 per cent c.t.sh and 5 per cent in general mortigage bonds; in 1893, 7.lg p. o. cash, see also "stock" above. BONDS, GUARANTIES, ETC.-Evansville & Richmond bonds for $1,400, 000 were guaranteed, but default was made on March 1, 11394. Cn July, 1894, the Uourt h~ld ~he E. & T. H. liable under sain guarantee. V. 59, p. 116. Tke Evansville & Terre Haute endorsed Peoria Decatur & E. notes for $325,000. Certain Evansville & Indianapolis bonds are also gua;ranteed. There were car trust notes June 30, 1894, for $368,218. The Ev. & T. Haute general mortgage covers 182 miles of road owned  I  INVESTORS' SUPPLEMENT.  AS  [VOL.  LX.  Subscribers w-lll confer a great favor by giving lnunedtate notice of any error discovered In these Tablea. RAILROADS.  For explanation of column headings, &c., see notes on first page of tables.  EvanS'Vitle Terre B. <I: Ohic.-lst M., g., int. 'li\ar .. c*  2d mortgage, gold, int. guar. by Ch. & E. . ... c* Incomes ............................................ Fall Brook-Cor. Cow. & Antrim deb., red. at 100.c" Farmville <I: Powhatan-1st mort. for $550,000 .... Second mo11fiage for $500,000, incomes ........... F'i,ndlau Fo1·t ayne <I: W. Railway-1st M. gold .. c* 2d mortgage, (income, non•cum., gold ............ r Fitchburg-(.;ommon stock .......................•... Pref. 4 rer cent stock, non•cum .•.................. Bonds .............................................. c Bonds,$500,000 yr'ly,'99to 1903 incl., bal.1908.c* Bonds ....•...............•.......................... Bonds to State of Mass. (312 p. c. int. till Feb., '97) Bonds ..••..........................•............ c&r Bonds .•••...........................•.............. Bonds ($1,500,000 due 1907, interest A. & 0) .... Bonds ......•........................•......•....•. c Bonds for $2,500,000 (See text.) .•................ Bonds...•......•............•..•.................... Bonds .........•.................................... Boston Barre & Gardner 2d & 3d mortgages ..•.. Troy & Boston lstmort. (V. 53, p. 405) ........... Bos. Hoos. Tun. &W. deb., to be paid Mar.1,'95.c* Cheshire RR. plain bonds, $550,000 due 1898 .. c' Brookline & Pepperell plain bonds, guar. (end) .. I!. ti Pere Mar.-Pf. stk., non•oum (for $6,500,000) .. Holly Wayne & Monroe 1st mortgage, assumed.o Flint & Pere Maritte mort~age 6s of 1920, gold.o Consol. M.,(for 10,000,0 0) $20,000 p. m., g.c* Port Huron & Northwestern-1st mortgage ..... c F. &P. M. lstM. PortH. Div. ($3,500,000),gold.c* Eauipm't bonds. $40,000 due annually Nov. 1.c*  B ond s-Prinol• INTEREST OR DIVIDENDS. Miles Date Size, or pal,Whe nDue. Amount Rate per When Where Payable, of Par Outstanding of and by Stocks-Last Road. Bonds Value. Cent. Payable Whom. Dividend.  ---  1870 $1,000 1872 1,000 1881 1883 .... 1888 ...... .... 1889 ..... 1894 ...... 1894 1,000 100 .... .... 100 .... 1,000 .... i877 .... '79-'88 1,000 .... 1889 .... 1887 -----1,000 1887 .... 1890 1,000 .... '84-'87 1,000 1890 1,000 ---- 1893 1,000 ..... 1894 . ......... 1895 . ..... 1875 ··---·a5 1874 1,000 1883 1,000 ...... 76-'78 500 &c. 49 49  -------  i:ooo i:ooo ------  ----  ------·  ----  .... .65  ~81 395 216 235  ·---  .... --··  1871 1880 1889 1879 1889 1887  --ioo  1,000 1,000 1,000  ---···  1,000 1,000  and $3,500,000 of stock of proprietary roads, having a mileage of 277 miles. Of the authorized issue $3,855,000 are held in trust to retire the prior bonds at maturity, the mortgage providing that the prior liens shall be paid and not extended. A sufficient amount is also held to retire the car trust notes. In February, 1894, $226,000 additional bonds were issued for terminals, equipment, floating debt, etc. GENERAL FIN.ANCES.-An important change 1n the directory took place in Oct., 1893, when D. J. Mackey resigned as president and direc• tor. Capital stock was issued to pay the :floating debt-see above. The road has been operated at an abnormally low rate (about 50 per cent), and llas paid large dividends, but it i~ understood that the pres· ent manairement will be more conservative. In 1893 4,000 acres of eoal lands-in Sullivan County, Indiana, were bought. Evansville & Richmond ffrsts were offered in Dec., 1894, $850 of Evansv. & T. H. preferred 5 p. c. non•cum. non-voting stock for the face of the bonds and $66 66 of such stock for accrued interest per bond to Jan. 1, 1895. LATEST EARNINGS.-Jan. 1 to Oct. 31, 1894 (10 months), gross, $914,56-1, again t $1,112,159 in 1893. ANNUAL REPORT.-Fiscal year ends June 30. Annual meetin"' at Evansville third Monday in Oct. Report for 1893·94 in V. 59, p. 6'94. Year ending June 301892. 1893. 1894-. Total miles operated . . • . . . • • . 165 165 165 Gross earnings .•.•••......•..• $1,225,413 $1,285,672 $1,159,937 Net earnings.................. 607,777 589,908 448,683 O<;her income................. 100,233 46,651 13,158 Total net income.... . ••. . Interest on debt, etc.......... Dividends.....................  $708,010 $231,346 180,000  $636,559 $277,487 300,000  - -·- -  $461,841 $332,415  Balance, surplus.............. $296,664 $59,072 $129,426 -(V. 57,p.144, 179,422,468,556,722, 808,103'7, 1039, 1122; V. 58, p. 382,383,430,866; v. 59. p.116, 694,697,738, 1058; v. 60, p. 43, 131.) Evansville Terre Haute & Chlcago.-Owns from Terre Haute .Junction, Ind., to Danville, Ill., 49 miles; leases to Terre Haute 6 miles and Indiana Block Coal Road, 15 miles. On April 30, 1880, leased to tho Chic. & East. Ill. for g99 years; terms, $75,000 per annum and pay• ment of all rentals and taxes. Stock, $581,370, of which $4i 3,700 <>wned by Oh. & East. Ill., which guar. int. on 1st and 2d mortgages. all Brook Rallw-ay.-Owns from Corning, N. Y., to Antrim, Pa.., 53 miles; branch to Harrison Valley, Pa., 33 miles; Fall Brook branch, 7 miles; leases Syracuse Geneva & Corning Ry., Corning, N. Y., to Geneva, N. Y., 58 miles, and branch, 6 miles;. and Pine Creek Ry., Stokesdale Junction to Newberry Juno., Pa., 75 miles; total, 232 miles. HISTORY, ETc.-Formerly Corning Cowanesque & Antrim. Name changed July 1, 1892, and stock increased to $5,000,000, of whioh $500,000 pref.-par, $50. See V. 55, p. 21. Dividends paid quarterly, March 31, etc. The ooal line of Phila. & Reading and New York Central is over the road of this company, which jointly with said companies guarantees the bonds of the Pine Cr. RR. Co. See C. C. & A., V. 58, p. 430. EARNINGS.-In year eJ?ding June 30, 1894, gross on 93 miles, $643,-011; net, $218,710; net, me. other income, $429,029; taxes, etc., $33,· 104; dividends (814 p. c on preferred and 6 p. o. on common), $305,000, bala.llce, surplus, $90,925. In 1892·93 gross, $777,987; net, $307,900. -(V. 53, p. 068; V. 54, p. 469; V. 55, p. 21; V. 59, p. 290. . Farmvtlle & Pow-hatan.-OwnsBermudaHundred,Va.,toFarm, ville, 89 miles, and branches to Coalboro, etc., 7 miles; total 96 miles, 8•ft. gauge. Completed March 3, 1890. Stock: Common, $460,850, preferred, $500,000; :par, $100. Loans and bills payable July 1, 1893 $53,898. In year ending June 30, 1893, gross earnings, $74,050; net $2,834; taxes, $4,035. In year 1891-92 gross, $86,578; net, $13,875' Findlay Fort Wayne & Western Rallway.-0wns road~ <>peration from Findlay, 0., to Indiana State line, 60 miles, and com• pleted to Fort Wayne, Ind., in Jan., 1895, 20 miles, total 80 miles. Uses Wabash terminals in Ft. Wayne. HISTORY.-A consolidation in November, 1894, of. the Fort Wayne &Eastern Railway of Indiana and tlle Ohio Railway Company-the last named being the successor of the Findlay Ft. W. & W. RR.-sold April 7, 1894, to satisfy creditors. STOCK.-Capital stock is $2,000,000. BONDS.-The ffrst mortgage is for $1,200,000 gold 5 p. c. bonds issued at $15,000 per mile, of which $50,000 are reserved in the company's treasury. The income 2ds for $800,000 were given in exchange for Findlay Fort Wayne & W. RR. The Mercantile Trust Co., N. Y., and Allen Zollars, Ft. Wayne, Ind., are trustees of both mortgages. In year 1892·93 gross on 60 miles, $41,857; deficit from operating, $3,350. (v. 59, p. 835.) Fttchburg.-0wns from Boston, Mass., to Fitchburg, Mass., 50 milee; Greenfield to Troy, N. Y. 84 miles; Vermont to Rotterdam Junction, 61 miles; Boston Barre & Gardner Railroad, Worcester to Winchendon, 36 miles; South Ashburnham, Mass., to Bellows Falls, Vt. 54 miles; branches, 71 miles; Monadnock Railroad, 16 miles; total owned, 372 miles; leases-Vermont & Mass. RR. (which see), Fitchburg to Greenfield, 56 miles; other, 22 miles; total leased, 78 miles; total June 30, 1893, 450 miles, of which 162 miles double track. Extension Brookline to Milford, 7 miles, to be eompleted in October, 1894.  F   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  --  6 g. M.&N. N. Y., Farm. L. & Tr. Oo. May 1, 1900 $775,000 6 g. J. & J. 325,000 do do Jan. 1, 1900 M.& N. 150,000 6 May 1, 1920 do do M.&N. Phila., Fidelity Trust. May 1, 1898 530,000 6 320,000 M.& N. 6 May, 1922 ·····----· 500,000 F. & A. 6 July 25 , 1923 ······-··5 g. J. & J. 1,150,000 Jan. 1 , 1945 ·····-···· Sept. 1. 800,000 5 Jan. 1 , 1945 ·-···----7,000,000 .. & .. Jan~·i5:·i895 17,000,000 See ·text. J . J. Boston, Office. 500,000 6 A. & 0. do do Oct. 1, 1897 4,500,000 5 Various do do Var.'99t01908 M.& 8. 750,000 5 do do Mch. 1, 1899 5,000,000 312 to 4F. &A. do do Feb. 1, 1937 2,250,000 4~ M.& 8. Sept. 1, 1897 do do J. & D. 500,000 5 June 1, 1900 do do 2,500,000 4 Various do do 1904·5.7 500,000 4 J. & D. June 1, 1920 do do 1,876,000 5 Semi•an Various, 1903 do do 500,000 May 1, 1914 412 M.&N. do do 4 See text. M. & s. Mar. 1, 1915 do do 153,000 3 &6 J. & J. July 1, 1895 do do 577,000 7 J. & J. July 1, 1924 do do 1,35<1,000 M.& 8. N. Y., Kountze Bros. 5 Mar.1, 1895 800,000 6 J. & J. Boston, Fitchburg RR. July 1,.96-'98 100,000 5 J. & D. Dec, 1, 1911 do do 6,342,000 See text. F. & A. East See text. Mioh., Treas. 1,000,000 8 J. & J. N. Y., erohants' N.Bk. Jan. 1, 1901 3,999,000 6 g. A. & 0. N. Y., Mer. Ex. Nat. Bk. Oct. 1, 1920 5 g. M. & N., 1,810,000 do do May 1, 1939 104,000 A. & 0. do 7 do Oct. 1, 1899 5 g. A. & 0. 3,125,000 do do A.pr. 1, 1939 120,000 5 M. & N. Boston. Intern'! Tr. Co. Nov.1,'9 5to'97  S:M·•  ORGANIZ.ATION.-On Oct. 1, 1890, consolidated with the Cheshire Rall· road and on October 1, 1892, with the Bosron Hoosac Tunnel & W., the Troy Saratoga & Northern and the Monadnock. STOCK-The State of Massachusetts owns $5,000,000 of the common stock. The prelened stock is entitled to 4 per cent dividends, then common and preferred receive dividends share and share alike. In year 1892·93 the preferred stock was incrtjased from $16,498,000 to $17,000,000 for consolidation-see also above. DIVIDENDS.-On preferred : In 1887 and in 1888, 2; in 1889, nil; in 1890, 2; in '91, 3¼; in '92 and '93, each 4; '94, 3 p.c.; in '95, Jan., 2 p.c. BONDS.-There a1"e also $51,000 plain 4s of 1893 due March 1, 1903; $48,000 Mona.dnock Raib'oad 5 per cent bonds due Julv 1, 1897; and a 414 p. c. mort. note of the H . T. D. & E. Co. for $500,000 due April 5, 1895. For Vermont & Mass. guaranteed securities see that company. GENERAL FINANCES.-On Be.pt. 30, 1894. there were outstanding loans and bills payable amountmg to *170,000. In Sept., 1892, bonds for $1,791,000 were authorized to take up $391,000 B. B. & G. bonds due April 1, 1893, and $1,400,000 B. H. T. & W. 5 . Boston Hoosac Tunnel & Western debenture 5s for $1,359,· 000 have been called for payment at Kountze Bros., N. Y., on Mar. 1, 1895; 4 per cent 20-year Fitchburg bonds have been issued for like amou nt. See V. 59, p. 1141. In Sept., 1893, bonds for $2,!500,000 were authorized for refunding bonds due in April, 1894, and f.or funding :floating debt; ot these $2,000,· 000 had been issued in June, 1894. V. 57, p. 510, 547. EARNINGS.Gross Net Other Fixed Balance, Jiily 1 to Sept. 30. em·nings. ea1·nings. income. charges. sm·pliis. 1894 .••......•.... $1,894,424 $687,087 $14,580 $378,833 $323,333 1893 .............. 1,824,441 536,378 14,692 381,737 169,333 ANNUAL REPORT.-Fiscal year ends June 30. The annual report for 1893·94 was in CHRONICLE v. 59, p. 512. Year ending June 30. 1891. 1892. 1893. 1894. Total miles operated..... 436 436 450 450 Total gross earnings ..... $6,851,002 $7,348,805 $7,707,298 $6,865,155 Op. expenses and taxes.. 5,133,465 5,336,778 5,768,472 5,038,169 Netearnings ..•...•..• $1717,537 $2,012,027 $1,938,826 $1,82~,986 Rentals paid.............. $274,980 $260,980 $264,147 $264,980 Interest on debt.......... 869,068 945,271 953,254 985,487 Other interest............ 20,216 18,793 21,639 59,223 Dividends................. 562,749 649,238 668,133 502,000 Balance, surplus ......••. def. $9,475 $137,745 $31,653 $15,296 In 1893-94 company also received $32,054 for premium on bonds. -(V. 56, p. 247,754; V. 57, p. 255, 508, 510, 547, 809, 979, 1039; V. 58,p. 224,774; V.59, p.191, 512,835, 1141.) Fllnt & Pere lUarquette.-Owns from Monroe, Mich., to Ludington, Mich., 254 miles; 14 branches to East Saginaw, Fostoria. etc., 150 miles; Port Huron to East Saginaw, 90 miles; Port Huron to Band Beach (3 feet), 70 miles; Palm to Griudstone City, etc. (3 feet), 40 miles; Port Huron to Altmont (3 feet), 34 miles; trackage to Detroit and Redford, 17 miles; total in 1894, 655 miles, of whioh 144 were 3·feet gauge; "business•producing branches (not bonded),'' not including above, 137 miles; spurs and sidin~s, 167 miles. The company also owns 5 steamers valued at $453,564, running from Luding• ton and Manistee to Milwaukee, etc. ORO.A IZATION, SECURITIES, ETC.-Sold 1n foreclosure August 18, 1880, and reorganized. In 1889 absorbed Port Huron & Northwestern, etc. Large interest in stock was said to have been acquired by parties interested in Col. Hock. Val. & Tol. in Dec., 1893. 8TOCK.-Common, $3,500,000; outstanding, $3,298,000; par, $100. DIVIDENDS.-Onpreferred stock since 1885-In 1886, 412; 1n 1887, 519; in 1888, 7 and 5 extra; in 1889, 612; in 1890, 6 per cent; in 1891, 319; in 1892, 412; in 1893, Feb., 2 p. ct.; none since. BONDS, ETc.-The consolidated mortgage of 1939 is a first mortgage on 11414 miles of road. Trui-tee Central ~rust Co. Port Huron Divis• ion morj;$age is for $3,500,000, of which $125,000 reserved !or $104,• 000 P . .ti.. & N. W. 7s. On Jan. 1, 1894, there were outstanding bills payable for $714,598. Land grant was 513,000 acres, of which 56,185 acres un old Jan. 1, 1894; sales in 1893-8,605 acres for $85,773; bills receivable Jan. 1, 1894, including interest, $144,090. LATEST EARNINGS.-From Jan. 1 to Nov. 30, 11 months11 Months. <h·oss. Net. Int'st, etc. Bal.,siir. 189!. ••.. .. ... $2,201,253 $601,316 $564,256 $37,060 1893...... ..•. 2,528,966 622,931 556,749 66,182 ANNUAL REPORT.-Report for 1893 was 1n v. 58, p. 814, showing:Year ending Dec. 31. 1891. 1892. 1893. Total gross earnings •...••..••.••.•• $2,900,624 $2~886,710 $2~725,238 Net earnings over taxes........ $861,213 -,861,961 -,658,184' Interest on debt..................... 581,771 607,943 605.161 Dividends .•••.•.•••••.••••••.••••••. (4) 253,680 (4) 253,680 Bal. for the year ........• ~ ••••.••••• sur.$25,761 sur. $338 ur.$53,023 -(56, p. 66'7; 57, p. 217, 1038 58, p. 814, 902.)  v.  v.  JANUARY,  RAILROAD STOOKS AND BOND8.  1895.]  Subscribers -will confer a great Cavor by giving l.lllllledlate notice oC any error discovered In these Tables. RAILROADS.  For explanation of column headings, &c., see notes on first page of tables.  INTEREST OR DIVIDENDS. 1Bond8-Prtno! Miles Date Size, or When Due. Amount Rate per When Where Payable, and by pal Par of of Stocks-Last Outstanding Road. Bonds Value. Cent. Payable Whom. Dividend.  Florida Oentrat <l: Pen.-lst M. $5,226 p. m, gold.o* 575 2d :M. (1st on ext., 92 rmles) $5,226perm., gold.c.. 666 Consol. mort., $7,800,000 ($10,000p. m.), gold. . c· 780 South Bound 1st M., 11:old, int. rental.. . . ...... . . c* 136 lo1--ida Midland Ry.-Receiver's certificates....... da Johnstown <l: Gtoversville-lstM. ,s.f.,not dn. o* ·i·o 26 ·Cons. M. for $500,000 ($300,000 res'd for 1st M.)c 4 .Johnstown G. & Ki~sboro 1 st M., assumed . ..... CuyaduttaElec. lst .{fcu.,p.&i.,byF.J.&G.RR.,g. ·gs ort Wayne <l: Jackson- ommon stock .............. Pref. stock (8 p. c.), 5¼ p. c. rental Lake Shore ... 98 i'ort Worth <l: Denv. Oity-Ist M., g., $18,000 p. m.c* 455 Equipment bonds...... . .......................... c 15 Pan Handle Ry. 1st mortgage ..........•.......... 15 Fo,·t Worth <l: New Orleans-1st mortg-age .......... Fort Worth <l: Rio 01·.-lst M., gold, $20,000 p. m.c* Fulton Go. Narrow Gauge Ry.-lst M. ($500,000) . . .... Extension 1st M. ($1,000.000) ....... . ............ .... Gainesville Jefferson<!: Southern RR.-lst M . ...... ---·  i46  Q!~~~~tf;~-;z;:cf·;i1~eo~i~ist"-M.;g:;ia:iia.·gi,:c* 2d mortga e, Harri1Sb. and Houston to San Ant.c* West. Div. stM., g., SanA.toElPaso,636 m.&br.c* 2d mortgage (see remarks) ...............•.... c* Galveston HOitSton <l: Hend. of 1882-lst M., guar .. o Georgetown <l: Weste1·1i-lst mortga~e, gold ........ c Georgia Carolina <l: No1-.-lstM.,:50 d, ~ar.p.&Lc* Georgia Oo.-Tr'stb'ds/8.f.,dr.atl Oaft. uly,92,g.c* (ieorgia Midland~ Gu :f-lst M., ~old (See text)c&r*  1  .... 225  671 671 50 36 268 .... 100  ~~i:;;;'. ~~~~~'. -~~.".·.~".'.".:·.!.'.~~·-~~~- ~::·:~ ~~·  Ten-year notes..................................... . . . . 6eorgia Pacijur-SEE SOUTHERN RAILWAY COMPANY.  ---1888  $1,000 1,000 1,000 1,000  $3,000,000 423,000 4,370,000} 2,033,000 20,000 isfo 100·&0. 300,000 1881 100 &o. 200,000 1893 50,000 --·· · 1892 1,000 350.000 100 436,132 100 2,291,416 5¼. issi 1,000 7,963,000 1,000 1889 160,000 1889 1,000 225,000 1885 709,000 1888 2,923,000 1881 ..... 171,000 1882 ..... 313,000 245,000 1881 1883 75,000 '71-'80 4,756,000 1880 1,000 1,000,000 1881 1,000 13,418,000 1,000 1881 6,354,000 1883 1,000 2,000,000 200,000 1887 1889 5,360,000 1,000 4,000,000 1887 1893 1,000 1,650,000 500 750,000 105,000 ..... '93-'94 ..... 78,460 . 1890 1893 1891  ----  i:ooo -- ---  i:ooo  11~~·  i:ooo  Florida Central & Penlnsula.-Operates from Columbia, S. C., via Savannah, Ga., to Jacksonville, Fla., Tampa, Cedar Keys, etc., 933 miles; of which Columbia to Savannah, 136 miles, is South Bound RR. HISTORY.-Sold in foreclosure in 1888 and reorganized by plan in V. 4.6, :p. 289 .. Sout~ Bound RR. was leased for 99 years from Oct. 1, 1893; its. entire capital stock of ~2,033,000 was s~bsequently p~rchased The Florida Central.completed ill Dec., 1893, a line from Harts Roads to Savannah, 114 mile s , to connect th e sya t ems. STOCK.-Co!Illlion. stock is $20,000,000, pa:r: $~00; preferred, 4 per c~nt cumulative [with preference a_s to both prillc1pal and accumulated dividends], $4,500,000. Preferred 1s exchangeable tor any subsequent 4 per cent mortgage. BONDS.-Car trusts 7s, June 30, 1894, $281,804. TTnder the consolidated mortgage for $7,800,000 (Trustee, New York Guaranty & Indemnity Co.) sufficient bonds were reserved to retire the prior bouds at maturity. Consol~ for $3,382,000 have been issu ed to retire 1st preferred stock and build Savannah exten sion, and $698,000 for rails, equipment, exten sions and branches. A rental equal to 5 per cent per.annum on S~uth B~und bonds is undertaken. Mercantile Trust & Deposit Co. of Baltimore 1s trustee or South Bound mortgage. EARNING~-:--From Jan. 1 ~o D~c. 31, 1894 (12 months), gross, $2,416,017, agaill~t $1,653,188 ill 1893. . For year ending June 30, 1894, gross, $2,lM, 757; net, $584,464; mterest charges, $420,498; balance, surplus. $164,066. In 1892-93, gross, $1,655,721; net, $45b,786. (V. 56, p, 403, 502; V. 57, p. 255, 547,595, 1122; V. 58, p. 383,733, 1035; V. 60, p. 82.) Florlda llildland Ry.-See SUPPLEMENT of Sept ember, 1894. .Fonda J ohnsto-w-n & Gloversvllle.-Owns from Fonda, N. Y., tiO Northville, 26 miles. In November, 1893, leased Johnstown Gloversville & Kingsboro Horse RR. (now electric) for 999 years, assumin~ its first mort. bonds and guaranteeing 8 per cent on its $50,000 stock. The 9 3a!~<ln~~~~t~di':ea::oc1?reei~ ~~er~~iio1!!i 300,000; par,$100. Inyear'93-94, gross earnlnlJS, $217,141, against 273,187 in 1892-93; net, $50,800; agst. $94,640; mt. and rentals (net), $35,511 ( dividend 8 p. c,) $24,000. DIVIDENDS.-In 1891-92, 10 p. c.; 1892-93, 5 -p. c.; 1893-94, 8 p. c. -(V. 55, p. 589,856, 1035; V. 57, p. '770; V. 59, p. 422.) Fort Wayne & Jackson.-Owns from Jackson, Mich., to Fort Wayne, Ind., 98 miles. On August 24, 1882, leased perpetually to Lake Shore & Michigan Southern at a rental of $126,027, equal to 512 per cent on the preferred stock (see V. 56, p. 812), and after 1887 any net earnings over 8 per cent on preferred stock to be paid as dividends on common stock, but not exceeding 2 per cent a year. In year 1893 gross earnings, $194,543, against $234,853 in 1892. .Fort Worth & Denver Clty.-Owns from Fort Worth, Texas, to Texline, 455 miles, and operates Pan Handle Railway, 15 miles, owning Its stock. ORGANIZATION, ETC.-U. P. Denver & Gulf owns $7,766,000 of the $9,375,000 stock; par $100. First 6s for $213,000 (additional to those above) were held in company's treasury Jan. 1, 1894-. Bee abstract of 45 440 (t t M til T t c 0f N y k) mort gage, V · , p. rus ee, ercan e rus o. ew or · Equipment 68 are all owned by th e Union Pacific. RECEIVERSHIP.-President Morgan Jones and John D. Moore were appointed receivers October 24, 1893. Mr. Joneil is now sole receiver-V. 60, p. 43. The Dec., 1893, coupon went to default. In December, 1893, George M. Pullman, F. B. Lord, W. T. Walters, Sidell Tilghman and G. M. Dodge, Chairman, were appointed a first mortgage bondholders' committee. In March, 1894, loans and bills payable were $396,899; overdue interest, $254,115. In May, '94 (net earnings for 3 months to Mar. 31 having fallen $88,516 behind fixed eharges for 3 months), the bondholden' committee suggested the funding of a portion of the interest; see V. 58, p. 941. . EARNINGS.-Ten months, { 1894, gross, $1,007,418; net, $187,927. Jan. 1 to Oct. 31, 51893, gross, 1,223,412; net, 279,849. Year 1893 gross, $1,498,731; net, $322,846; other income, $23,800; Int., charges and rentals, $520,875; deficit for year, $174,229. In year 1892 gross, $1,750,285; uet, $501,243; other income, $18,780; tl.xed charges, $516,643 ; balance, surplus, $3,380. In 1891 gross, $2,014,720; net, $592,946. (V. 59, p. 968; V. 60, p. 43.) Fort \Vorth & Rio Grande.-Owns from Fort Worth, Tex., to Brownwood, about 146 miles; completed in August, 1891. Mortgage trustee is Central Trust Co., New York. Stock outstandins-, $2,777,. 100; par, $100. Loans and bills payable June 30, 1893, $18l:l,135. EARNINGS.-From January 1 to December 31, 1894 (12 mos.), gross, $396,542, against $a79,038 in 1893. In year 1893, gross, $379,038, a,gst. $387,682 in 1892; net, $120,115, against $120,456. For year endin~ June 30, 1893, gross, $405,538; net, $134,219, against $144,487 tn 18l:ll-92. (V. 52, p. 81, 351, 642.) Fulton -County Narro-w- Gauge Ry.-See November, 1894, SUPPLEMENT. ainesville Jefferson & southern RR.-(Narrow- Gauge.) -Road from Gainesville to Social Circle, Ga., 52 miles; Belmont to Jefferson, 13 m1lfs; total, 65 miles. Operated in connection with the Georgia RR. & Banking Co. Stock is $242,687 common; $17,650 preferred; par, $50. For year 1892-93 gross, $37,329; deficit under  C~i:~1\!td  !  l ~:~:.~t1~fuJ  G   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  5 5 5 5  g. g. g. g.  ---  J. & J. N. Y.,Guar.& Indem.Co. do do J. & J. do do A. & O. Mere. Tr.& Dep.Co.Balt. J ...&•. J. N.Y.,Imp:&Tia:Nat.Bk. 6 A. & 0. do do 6 J. & J. 6 A.. & 0, New York. ·an. M:·&··s. N. Y., Farm. L. & Tr. Co. ~ g. J. & D. June, '93, coup. last pd. M.& S. Sept., '93, coup. last pd. 5 J. & J. 6 J. & J. In default. 5 g. J. & J. N.Y., H.B.Hollins & Co. 7 M.&N. . ......... 7 J. & J. N. Y., Am. Ex. Nat. Bk. 7 ····7 6 g. & A. N.Y.,So.Pac.Co., &Bost. J. & D. do do 7 5 g. M.&N. N.Y.,So.Pac.Co.,23B'rd 6 J. & J. A. & 0. N. Y., 195 Broadway. 5 5 g. M.&N. 5 g. J. & J. N.Y.,Brown Bro.&Balt. 5 g. J. & J. July,'92, coup.last paid. 4 g. J. & J. See text. 4 J. & J. ·-········  ··,r  .J. & J.  p:  F:  6  5  0  0  A_-·&·o.  New York.  -July --1, 1918 Jan. 1, 1930 Jan. 1, 1943 Apr. 1, 1941  Juiy · 1,· .i900 Apr. 1, 1921 1913 Oct 1, 1922 Sepi."1;·i894 Dec. 1, 1921 Mch. 1, 1899 July 1, 1929 1925 July 1, 1928 Nov. 1, 1910 July 1, 1912 1911 1908 Feb. 1, 1910 June 1, 1905 May 1, 1931 July 1, 1931 Apr. 1, 1913 May 1, 1917 July 1, 1929 July 1, 1937 July 1, 1926 Jan. 1, 1926  ~  Iyear, operating expenses, $1,927; interest on bonds, $24,800; $26,727-advanced by Georgia RR. & Banking. Co.  "i903."4 deficit for  Galveston Harrlsburo- & San Antonio.-( See Map S0itthern Pacijtc.)-Owns Houston, Tex., to San Antonio, Tex., 217 m.; San An\onio to Rio Gr. River, 636 m.; br'ch's, 72 m.; leases 12 m.; total, 937m. ORGANIZATION, STOCK, ETC.-Operated by the southern Pacific Company, which owns all but$570,812 ofthe$27,093,012 stock (par,$100). BoNDs.-First mortgage covers 256 miles of road and 1,076,331 acres of land valued at about $1,467,000. It has a Binking fund of 1 per cent, but it is optional with bondholders to surrender their bonds if drawn. In 1893 holders of Western Div. 2ds agreed to cancel claims for accrued interest and that interest on_ these bonds should be paid only if earned and should be non-cumulative. V. 58, p. 719. Texas school debt, Jan 1, 1894, was given as $12,586, but iu Decembt>r, 1894, the State brought suit to recover $416,292, claiming right to ignore all payments madA during tbe war. V. 59, p. 1058. Floating liabilities January 1, 1894, $3,327,488, including $2,241,721 due Southern Paci:flo Company; current assets, $662,042. EARNINGS.-10 months,! 1894, gross, $3,413,861; net, $981,209. Jan. 1 to Oct. 31. 51893, gross, 3,510,005; net, 885,560. In year 1893 o-ro;is, $4,204,754; net, $997,453; receipts from trackage etc., $81137; total net income, $1,078,590; charges, taxes, etc., $1 272 016 • deficit from operations $193 426 In 18~2 gross $4 556,423; net, $1,094,058. (V. 55, 100,i46; V. 59, p. 1058.) ' '  p.  Galveston Houston & Henderson of 1882.-0wns fromGalveston. Texas, to Houston, Texas, 50 miles. Foreclosed in 1871, and again in 1882. Control vested in Mo. Kan. & Tex. Leased for 99 years to International & Great Northern and bonds guaranteed by that oompany. The lessee it is said pays interest and turns over to this company all surplus earnings over expenses, taxes, etc. Stock, $1,000,000; par, $100. EARNINGS.-For year 1892-93 gross, $561,192, agst. $505,096 in 1892; net, $151,000, against $126,885.-(V. 58, p. 512, 773.) Georgia Carolina & Northern.-Owns road from Monroe, N. e., to Atlanta (Inman Park), Ga., 266 miles; completed in April, 1892. Belongs to "Seaboard" system, and bonds guaranteed (by indorsement on each bond) by lessees, Seaboard & Roanoke and Raleigh & Gaston RR. Cos. Mercantile Trust & Safe Deposit Co. of Baltimore is trustee of mortgage; see abstract, v. 49, p. 239. Stock authorized, $1,000,· 000; outstanding, $535,300 (par $100), mostly owned by the lessees. Loans and bills payable, July 1, 1893, $807,643. EARNINGS.-From Jan. 1 to Nov. 30, 1894 (11 months), grossL $635,403, agst. $481,203, in 1893. tn calendar year 1693 gross, $5:>1,390, aga1nst $292,413 in 1892. For year ending June 30 1893, gross, $443,525; operating expen.sea, $545,929; other income, $275,015; rentals and taxes, $172,611. Georgia Company.~See SUPPLEMENT of January, 1894. Geor_;.la Midland & Gulf.-Owns from Columbus, Ga., to McDon• ough, luO miles. Oompleted in September, 1887. RECEIVERSHIP.-In November, 1894, Vice-President John F. Flourpointed receiver (V 59 p 920) noy was ap · · ' · · STOCK AND BONDS. -Stock authorized, $2,000,000·; outstanding, $1,245,000; par. $100. Car trusts, · $53,900. The January and July, 1893, interest on 1st mort. was paid in ten-year 5 p. c. notes, and the January, 1894, interest was paid 12 in cash and 12 in such notes. July, 1894, interest not paid. Deposits or bonds with Central Trust Co. have been called for. R. A. Lancaster & Co., 10 Wall St., fiscal agents. EARNINGS.-In year 1893 _94 gross, $!64 , 200., net, $ 2 5 1171 ., interest, $3 etc., $28,853; balance, deficit for year, ,682. In 1892-93 gross, $162,914; net, $11,300. (V. 56, p. 42, 164; V. 09, p. 920.) Georgia PacUlc.-See SOUTHERN RAILWAY COlllPANY. Georgia Railroad & Banklna Company.-Owns from Augusta, Ga., to Atlanta, Ga., 171 mii'es; branches to Washington and Athens, 58 miles; Macon & Augusta RR. (proprietaryroad), Camak, Ga., to Macon, Ga., 74 miles; trackage, 4 miles; total, 307 miles. ORGANIZATION.-Owns also one-half the stock of the Western Railway of Alabama (the Central Railroad of Georgia owning the other half), and has a one-fifth interest in the Port Royal & Augusta and a thirtyfive one-hundredths interest in the Atlanta & West Point (which see), Guarantees (jointly with Central RR. & B. Co. of Georgia) the $1,543,000 first mortgage 4¼ per cents of Western Railway of Alabama. In April, 1881, the railroad (307 miles) and its interest in the other railroad companies were leased for 99 years to W. M. Wadley and associates, for the Centml of Georgia and the Louisville & Nashville, a.t $600,000 per year. Dec. 31, 1892, the banking department was turned over to the "Georgia. Railroad Bank," a separate corporation, a majoriey [$198,200] of whose stock is held by the Georgia RR. & Banking C~ DIVIDENDS since 1880-In 1881, 9¼ per cent; in 1882, 1014; from 1883 to 1887, 10; in 1888, 10¾; from 1889 to January, 1895, both inclusive at rateof 11 per cent per annum (2:\J. per cent quarterly), COMPANY'S REPORT.-In year ending March 31, 1893, rental, eto., was $600,150; dividend (No. 7) from bank, $50,000; total, $650,150; interest, $148,000; dividends paid (11 percent), $462,000; balance, $40,150; taxes, etc., $75,106; deficit, $34,957. Net earnings of bank for year 1891-92 were $65,380, and bank surplus Mar 31, 1892, $203,067. EARNINGS OF RAILROADS.- c1894, gross, $442,541; net, $142,469. July 1 to Oct. 3~ (4 mos.) 5 1893, gross, $455,298; net, $176,392.  INVESTORS' SUPPLEMENT  60  [Vor... LX,  Subscribers will confer a great f'avor by giving IJnrnedlate notice of any error discovered In these Tables. Bonds-Prlnc1INTEREST OR DIVIDENDS. RAILROADS. Miles Date Size, or Due. Amount Rate per When Where Payable, an by pal.When Par Outstan~ of Stocks-Last For explanation of column headings, &o., see notes of Cent. Payable R0ad. Bonds Value. Whom. Dividend. on first page of tables. •fleorgia Railroad d: Banking Oo.-Stock . .•. . ....... Bonds, not mortgage .......•..•••..•.......... c*&r Bonds, notmortgage ....•.•....•...•.•........ c*&r Bonds not mortgage .......................... c*&r Bonds not mortgaj;e- ..........•....•.•........... r •fhorgia Southern d: torida.-Stock ..... ............ 1st mortgage ($12,000 p. m.), gold ..••....•...•. *<'  •Gettysburg d: Harrisburf-Stock .........•....•.....  -307 - --.....  .... ----  ··-·  ·-- ·  1877 1880 1882 1887  285 iss1 .... 35 .... iss2 ·35 1891  So. Mountain 1st mor ., iroar. by Phila. & Read .. Gettysl:>'ir & H. 1st M., old issue, gu. by P. & R. .. Con. M. $565,000, g., ~ p.&i.(end.)by Ph.&R.c* 13 -aom,erneu,: d: Oswe3f"lchie-lst M., gold, gu. p.& i.~ firand Ra~s d: In iana-Stock ..... •......•..... c lat M., and grani g., a. f. (guar. by Pa. RR.) .. c• 335 lstM., g., ($180,0 Olandgrants. f. not drawn).c* 335 1st mort., extended, goldt foar. by Pa. RR ..... c* 335 2nd mortgage, redeem. a 05 till Aug.1, 1894. c* 367 General mortgage for $13,000,000 ............ c &r 367 Funded coupon scri-j for $1,498,400.............. Musk. G. R. & Ind. R. 1st M., gold, tra.f. ~ar.c" ·a,; ·eat North~Siock, pref. (no com. stock sued) Collat. Tr. mort., red. at 100 on 3 months, gold .c •••. Bt. Paul Minn. &Man.-Stock (rental 6 p. c. in iold) .... St. P. Min.&Man. lstM.l.gr.,s.f.,g.,dr'natl 5.o* 624 ~d mo~age, gold (does not cover lands) ..•. . c* 624 lDakota xtension 1st M., gold...•.•..•........ c* 1,221 Cons. mort., 1. gr. ($13,344,000 are 6s), gold.c*&r 2,533 Montana. Exten. lstM. ($25,000p. m.),gold.c*&r 420 Pacific Extension M. for .£6,000,000, gold.. c*&r 819 'Minneat,~~-RR.lstM.,~.,gu. ($650,000 are 5s).c* •Ea.st of · . lat M. ($5 ,000 p. m.), g., gu..c*&r ·-.-;2 Montana Oen. 1st M.,g.(i6,000,000 are 6s)gu.c&r 256 Willmar & SiouxFalls-lstM.,g.,gu.p.&i,(end)c· &r 205  ....  1892 is69 1869 1891 1884 1884 1893 1886  i892 i879 1879 1880 1883 1887 1890 1882 1888 1887 1888  $100 $4,200,000 1,000,000 1,000 1,000 1,000,000 1,000 300,000 1,000 200,000 100 0) 3,420,000 1,000 50 600,000 1,000 100,000 250,000 1,000 215,000 1,000 1,000 300,000 100 4,986,081 1,000 1,000 12728,000 2,647,00 1,000 2,975,000 1,000 3,746,000 1,000 1,498,400 750,000 1:000 100 25,000,000 1,000 15,000,000 100 20,000,000 2,322,000 100 &c. 8,000,000 1,000 5,676,000 1,000 1,000 31,907,000 1,000&o 7,805,000 .£100&0 £3,000,000 $1,000 $2,800,000 l,OOO&c 4,700,000 l,OOO&c 8,700,000 3,625,000 1,000  "In 1893-94 gross, $1,367,185; net, $497,201; total net, including interest and dividends received, $589,953. In 1892-93, gross, $1,480,252; net, $392,019.-(V. 53, p. 289; v. 55, p. 461; V. 59, p. 1102.)  Georgia Southern  &  Florlda.-0wns from  Macon, Ga.,  ,t o Palatka. Fla., 285 miles, and operates the Macon & Birmingham (which see), 95 miles. In 1891 Mr:Willis B. eparks was appointed re-  •ceiver. Coupons due and unpaid in July, 1894, $513,780. A bond· holders' committee was appointed (see V. 55, p. 722, 856), and a majority of the bonds has been deposited with tlie trustee of mortgage, Gile Mercantile Trust & Deposit Oo. of Baltimore. (V. 55, p. 938.) Foreclosure sale ordered for March 5, 1~95. V. 59. p. 920. Reorgani• zation plan provides for $4,000,000 of 1st 5s, $684,000 first pr~ferred 5 p. c. stock, $1.015,600 second preferred 5 p. c. stock and '$4,000,000 common stock. Each bond deposited with the committee tto receive $1,000 new bond, $200 in 1st preferred, $180 in 2d preferred, -and $800 in common stock. The 1st and 2d preferred are issued to represent over-due coupons and the reduction of interest rate of new bonds to 5 p. c. V. 59, p. 551. EARNINGS.-5 months . S 1894 gross, $369,219; net, $96,266. July 1 to Nov. 30. <1893 gross, $320,246; n et, $61,24 4. In thel.ear ending June 30, 1894, gross earnings were $ 831,052; net, 1'180,88 . In year 1893 gross, $817,322; net, ;t;176,970.-(V. 57, p. 105, 179, 853, 893! 1132; V. 59, p. 234-, 5fil, 920.) Gouverneur & Os-wegatchle.-0wns from Gouverneur to Ea.wards, N. Y., 13 miles. Stock, $350,000, all owned by N. Y . Central, -which guarantees the bonds. See V. 55, p. 810 and V. 56, p. 501. Grand Rapids & Indiana.-( See Map of Penr-S1Jlvania RR.JOwns from Fort Wayne, Ind., to Mackinaw City, 367 miles; Manistee Branch, 25; other branches, 44 miles; total owned, 436 miles; leases, and operates Cincinnati Richmond & Fort Wayne RR., 86 miles; Traverse City RR., 26 miles; Muskegon Grand Rapids & Indiana RR., 37 mlles-149 miles; total, 585 miles. Second track 3 miles. HISTORY AND STOCK.-Formed in 1854 and operated in interest of the Pennsylvania Railroad, which votes a majority of stock until July, 1941 BoNDs.-In May, 1894, of the 1st mortgage land grant 7s $2,350,000 were -'uaranteed by the Penn. RR. and $293,000 were unguaranteed; $935,000 had no lien on the land grant. A portion of the 7 per cent first U1ortgage land grant bonds have obeen extended at 4¼ per cent. They are endorsed with the guaranty ,of the Pennsylvania ttR. Co. to purchase the coupons as they mat11re, .and the bond itself at maturity if not paid by the Grand Rapids -0ompany. The extended bonds b.ave no lien on the land g-rant. See ,gt1aranty V. 56, p. 649. Pennsylvania RR. on Dec. 31, 1893, owned $2,700,000 2d mort,<age bonds and $836,521 coupons. The rental of the Muskegon ~ <rrand llapids it was understood should equal tnterest on the bonds; in 1892 Muskegon road had profit over all charges of $1,147, against $18,456 in 1891, but coupons due Jan. 1, 1894, were not paid. See V. 58, p. 127. As to guaranty of interest on Cin. Rich. & Fort Wayne, see that company, and Traverse City, see that company in SUPPLEMENT, November, 1892. FUNDING PLAN.-Default was made Sept. 1, 1892, on coupons of general mortgage 5 per cents, and in 1893 most of the holders consented Ito fund the interest trom March 1, 1892, to March 1, 1900, into scrip, upon which 4 per cent interest shall be paid semi·annually until the 4!crip is paid in full. This plan reduces the annual current liablli,t ies till 1900 to $681,261. See plan V. 56, p. 413; V. 57, p. 144. DEFAULT.-First mortgage coupons due Oct. 1, 1894, on the unguaranteed bonds were not paid, but holders were offered $1,100 per bond ln cash for the sinking fund, or exchan~e for guarantee d 4.12 per cents mentioned above. In December, 1894, 1t was proposed to reorganize this company. V. 59, p. 1007. FLOATING DEBT, ETC.-On Dec. 1, 1894, car trusts due and unpaid, $160,497; not yet due, including locomotives, $247,554: b ills payable, $300,000; 7 per ceRt ooupons purchased by Penn. RR., $606,324; 6 p. c. ,coupons held by Penn. RR., $405,000; real estate 111orts., $199,650. LANDS.-The company has a land grant and in 1B93 sold 4 1,620 acres of farm land and 400 acres of pine land, for the aggrega te price ot $287,865. The lands unsold on Jan. 1, 1894, were about 248,491 acres. AssetR, $1,343,265 bills receivable, etc., and $493,909 cash, which con~titute a sinking fund for firsts. EARNINGS.-11 months . S 1894 gross, $2,266,381; net, $536,545 January 1 to Nov. 30. <1893 gross, $2,621,66 6; net, $190,046 ANNUAL REPORT.-Report for 1893 was in V. 58 , p. 8 13, showing results below; rentals and miscella1Jeous in 189:l inllluded $ 163,P':'O for car trusts, betterments, et-0.; and in 1893, $87,682 for construction. Year end'g Dec. 31. 1890. 1891. 1892. 1893. .Miles operated........ 428 432 438 4.38 Gross income . . ..•.... $2,601,979 $2,400,414 $2,516,640 $2,18 5,899 Netoverexp's &taxes 859,382 694,788 732,654 388,283 Interest on bonas, etc. 739,700 751,929 724,850 524,199 Int. on floating debt.. 58,630 52,186 46,997 78 ,9 75 Rentals and niiscel... 30,760 208,431 203,972 127,537  ---  See text. Q.-J. N.Y.,Am.Ex. B'k &Aug. J. & J. 6 do do J. & J. 6 do do 6 J. & J. N.Y.,Am. Ex.Bk.&Aug. 5 J. & J. do do  .6.g.  --a·  J. & J. Jan. '92 coup. last paid. Juiy··i,"i927  ··is9s· .A. "iil:·o. Phila., P. & R. office. 6 A. & O. do do 1914 5&6 Various do do Oct. 1, 1926 5 g. J. & D. N.Y.,Gr'd Cent.Station. June 1, 1942  J  ·,rg.  7 g. 4¼1g. 6 5 4 5 g. 5 per an. 4 g. 6 per an. 7 g. 6 g. 6 Hi· 4¼ & g. 4 g. 4 g. 5 & 6 g. 5 g. 5 & 6 g. 5 g.  1.;  J.°·&--J. N. Y., Whlsiow:·L. &Co. oci: • ·is99 A. & 0. See text. Oct. 1, 1899 J. & J. N. Y., Winslow, L. & Co. July 1, 1941 M.&N. Nov. 1, 1899 M.& B. Mar.'92, COUt_ last paid Sept. 1, 1924. M.& 8. Phitadelp a, Pa. J. & J. July,'93, cou~. last paid Juiy. i",. ·i926 Q.-F. N. Y. Office, 7 Pine St. Feb. 1, 1895 M. & 8. do do Sept. 1. 1902 Q.-F. do do Feb. 1, 1895 J. & J. New York and London. July 1, 1909 A. & O. do do Oct. 1, 1909 M. & N. New York, 27 Pine St. Nov. 1, 1910 J. & J. do do July 1, 1933 J. & D. do do June 1, 1937 J. & J. N.Y.&Lon.,BaringBros July 1, 1940 J. & J. New York, 27 Pine St. July 1, 1922 A. & 0. N.Y.27Pine;Bos.,Lee,H Apr. 1, 1908 J. & J. New York, 27 Pine St. July 1, 1937 J. & D. do do June 1, 1938  Great Northern.-(See Map.J-Operates under lease the St. Paul Minneapolis & Manitoba Railroad, 3,771 miles of road. Also owns the entire stock of the following lines, but keeps their earnings separate, their income appearing in the Great Northern income account only as revenue from stocks and bonds owned or as other receipts: The Willmar & Sioux Falls, Willmar, Minn., via Sioux Falls, to Yankton, Dak., 205 miles; the Duluth Watertown & Pacilio, Watertown, Dak., to Huron, Dak., 70 miles; the Minneapolis Union, 2·5 miles; the Eastern of Minne• sota, 72 miles; the Moutana Central, Great Falls, Mon., to Butte, Mon., 257 miles, including branches. Total operated July 1, 1894, was 4,378. Also owns the Seattle & Montana, Fair Haven & Southern and New Westminster South. RRs., extending from Seattle, Wash., to S. Westminster, 159 miles. Extension to Seattle, Wash .. was opened May 5, 1893, and to Yankton, So. Dakota (Will. & S. Falls RR.) ID Sept., 1893. HISTORY, STOCK, LEASES, ETC.-This corporation in February, 1890 leased the !:!t. Paul Minneapolis & Manitoba for 999 years, assuming 1te funded debt and guaranteein"' 6 per cent per annum in gold on its $20 000,000 stock. The Great Northern's authorized capital was $40,ooo.ooo, of which $20,000,000 preferred 6 per cent non·cumulative was offeren to Manitoba stockholders at 50, the remaining 50 per cent beina paid by a transter to the Great Northern of all the securities owned IJy the Ma.n• itoba Company, amounting to over $22,000,000; subsequently $5,000,· 000 of preferred was issued. The securities acquired by the Great Northern have been placed ID trust to secure the unity of the system. (See V. 49, p. 435; V. 50, p. 205.) The preferred stock can be increased with the consent of three•t'ourths the pref. outstanding. STOCK-In 1893 $1l,OOO,OOO preferred stock was sold to pay for equipment, terminals, etc. See V. 56, p. 753. LANDS.-St. P. Min. & Man. land grant was 3,848,000 acres. Land sales are applied to the redemption of 1st mort. bonds at or under 105. Bales for year ending June 30, 1891, were 20,051 acres, for $157,· 473, and 65 town lots for $2,847. The net amount due on land con• tracts June 30, 1894, was $1,524,782; lands unsold, 1,476,037 acres, of which 118,353 acres in dispute with St. P . & Northern Pacifl.c. Minneapolis & St. Cloud grant was 476,864 acres: unsold July 1, 1894, 414,692; sales in 1893-94 were 1,588 acres for $7,662. DIVIDENDS, &c.-Dividends on Great Northern preferred stock: In November, 1890, 1 per cent: in 1891. 434; in 1892, 5 per cent; in 1893, 5 p. c.; in •9·4, 5 p. c.; in 1895, Feb .. 114 p. c. Dividends on Manitoba stock have been 6 per cent yearly since 1880 BoNDs.-In 1892 the Great Northern issued its collateral tt-ust bonds for$15,000,000, secured by deposit with the trustee of £3,000,000 Paciflo Extension 4s of the St. Paul Minn. & Manitoba Ry. Co. V. 54, p. 525. The St. Paul Min. & Man. consol. 1no1·t. of 1883 is for $50,000,000, of which $15,096,900 are reserved to pay prior liens. The mortgage on Montana E.xtension is for $25,000,000 for extensions, $15,000 per mile being allowed for second track; bonds for $11,502,000 secured by this mortga~e, additional to amount in table, are deposited as part security for Pacific extension bonds. Abstract V. 45, p. 342. .. Pacific extension mortgage for £6,000,000 (trustee of mortgage Central Trust Company of New York), provides for bonds at £6,000 per mile in Montana and £7,000 per mile west of Montana; £3,000,000 of this issue are pledged to secure the Great Northern's collateral trust bonds. See abstract of mortgage, V. 52, p. 82. Minneapolis Union bonds cover the passenger terminals at Minneapolis, including Union depot and double-track stone arch bridge across the Mississippi. Eastern Railway of Minnesota runs from Hinckley northward 70 miles, to a point near Duluth; the mortgage covers equipment, terminals and elevators. Montana OentraL bonds cover several roads (See adv. CHRON. Dec. 12, 1891.) The Manitoba guarantees both these issues, and the Great Northern assumes the guaranty. The Willmar cf: .Sioiix Falls bonds are endorsed with joint and several ~aranty of the Manitooa and Great Northern companies. Further issues may be made at $17,500 p. m. for additional road, V. 56, p. 247. GENERAL FINANCES.-The ·earnings of the companv from June 18, 1893, include the Pacific Extension, 819 miles. The Willmar & Sioux Falls bonds and $5,000,000 pref. stock were sold in 1893. In May, 1894, $700,000 Montana Central 1 st 5s and $178,000 St. P. M. & M. consol. 4¼s were issued. V. 58, p. 816. In August, 1894, traffic arrangements were made with Oregon Ry. & Nav. Co. giving Gt. Norr,hern 11, through line from St. Paul, Minn., to Portland, Ore., via Spokane. V. 59, p . 152, 191. [n year 1!:393-94 the Great Northflrn rnceived$400,000indiv1dendson Eastern Ry. of Minn. stuck and $150,000 from dividends on Willmar & Sioux Falls stock. E.\.RNINGS.-Resnlts from Great Northern system for 6 months ending December 31, 1893, were as followa :  I  Gross earnings . ........ $9,197,040 Int. and guar. dividends$3,155,419 Net earnings . ..... . ..... 3,435,036 Div. on Gt. No. stock... 562,500 Int., divs., &c .. rec' d... 314,7021 ---Netfrom steamships,&c 267,373 Balance, surplus..... $899,192 ANNUALREPORT.-Fiscal year ends June 30, Annual meeting is held at St. Paul on the second Thursday in September. Tne annual report for 1893•94 was published in full in V. 59, p. 1125, 1140, 1143. The followinp; tables shows (1) earnings of the lines leased from St.  Balance ••••.••••••••. sur.$30,292 df.$317,758 df.$243,165 df.$342,428 V. 58, p. 127, 38Z, 813 · V. 59, p. 600 651, 1Q07, 1141.) Tu>'t1ii=~~~~ft~a:at~~~cgb<,-~~~~~~;, ~ooi-:~:~   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  •ran. 15, 1895 July 1, 1897 Jan. 1, 1910 Jan. 1, 1922 Jan. 1, 1922  ~:1!i~~:~t•  .•  MAP OF TRE  .GREAT NORTHERN RA.IL W.A. Y SYSTEM.  cA A  z  0  i=q  zA  ~  ~ 0  0  ~ 00  A  Harney o  ~  ~ HarnevL.  0  ~  ~ummerLake  ~ <l  ~  I ~ J  ,--,  ir.i  O> a::,  ,-4  .. II  ~  ~  l l\\~\-- \ \  ~  https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  ~  \/\ ) "t-..\~... N ~ E  V  A  D  A  /  INVESTORS' SUPPLEMENT.  [VOL.  LX.  Sub8crlber8 will con1er a great Cavor by giving lnuned.late notlcefof' any error discovered In the8e Table8. RAILROADS.  INTEREST OR DIVIDENDS. Bonds-Prtno1• Dat.e Size, or Amount - - - - - - - - - - - - - - - - - pal.When Du~. of of Par Outstanding Rat.e per When Where Payable, and by Stocks-Last Road. Bonds Value. Cent. Payable Whom. Dividend.  - - - - - - - - - - - - - - - - - - - - -1Miles For explanation of column headings, &c., see not.es on first page of tables.  fir.:en Bay Winona  ct St. Paul-Common stock...... Preferred stock .•.............••.... ·············c* First consolidat.ed mortgage, gold ...........••.. c 2d mortgage, income, non•cumulative ....•.•...•. c (freene RR.< N. Y.J-Stock ..•.... - • • • • • •·· • ·· · · · · · · · · First mortgage . ........... ........•......... :.. .... Git,lf Beaumont <I K. 0.-lst mortgage, gold....... fluff« Ohicag<r-Stock.............. .... .............. 6-ulf Western Texas <I Pacific-Stock................ 1st mortgage ($20,000, per mile) gold.............  Hancock  <I  Calumet-Stock........... . ..............  Consol. mortgage, gold, redeemable at 105. •.. . .•  Hannibal <I St. Joseph-Common....................  Preferred............... ............... ............. Consol. mortgage, now 1st mortgage ........... c~ Harlem River (t Portchester-See N'. Y. NEW HAVE Harrist>. Portsm'th Mt. Joy <I Lanc.-8tock,7p. c.gu. 1st mortgage (ext'd in 1883), guar.p.&i.Pa. RR .. r  Hartford~ Connecticut Western-Stock.............  H;;';,~~~!~~iiNi€cEiiii:U,:·····················  Hibernia Mine RR.-Stock. .. . . . .. . . •. . •. • . . . • •.. . . . HO'ltsatonic-See NEW YORK NEW HAVEN & HA.RTF HO'IUt.East<t WestTexas-lstM.($20,000p.m.),g.c&r Houst. <I Tex. Oent. RR.-Common stock............  Stat.a of Texas prior lien on first 75 miles........ lstM.l.gr.,g.,red.llO,int.gu.end.,$8,634,000.c*&r Cons.M.,ld.gr.• gold,red.at 110.t. int.guar.,end.c*&r Gen. mort.,gold1 int. guar. byt:10.Pac.,end ... c·&r Debent., p. and 1. gu. So. Pac., end. Bee t.ext.<·*&r Debent., p. and i. gu. So. Pac., end. See text.o*&r  llud.Sus.Brid,ge<IN.E.Ry.-lstM.$10,000,000.c*&r  . ••. ·· · · 2 15 215 ···· 8 .... 62  $100 $8,000,000 . .•. 100 2,000,000 · · ·· ··s·g. F ...&..A. See text. 1 8 9 2 500 &c. 2,500,000 1,000 3,781,000 4 F. & .A. N. Y., when earned. 1892 10 200,000 6 sem·an J. & D. D.L.&W.off.26Exch.Pl. ···· 200,000 1872 500 7 J. & D. do do 1893 • •. . . . 100,000 6 F. & A. Boston, Am. L. & T. Co. 100 400,000 1 p. c. in Dec., ' 94 • ••. Ripley, Miss. 500,000 . ... 5·g. ·&· D. N. Y., Mills Building. 2,220,000 1891 ..... . 350,000 See t.ext. . . . . . .... 100 New York City. 330,000 1891 1,000 5 g. J. & J. N. Y., Third Nat. Bank. 9,168,700 See text. Dec'ber. .••. 100 Boston Office. 5,083,024 See text. Dec'ber. .... 100 do 1881 1,000 8,000,000 6 M. & 8. N.Y.,Bk.ofNo.America. 00  111 22  •••.  .... 292 N &H 54 54 109 109 414 ORD, 192 • . .,; 7 ,J 453 453 453 •..• •..•  ••••  J:  Feb:·1;·i911 Aug. 1, 1906 Dec., 1894 Dec. 1, 1902 Aug. 1, 1913 Dec. 1, 1894. Doo:·1,..i941 July, 1894 Jan. l, 1931 Dec. 31, 1893 Dec. 31, 1893 Mch. 1, 1911  A.RT.  . .. . 50 1853 500 &c. .... 100 1ss3 1,000 • • •. 100 1893  is,o  1890 1890 1890 1890 1890 1888  1,182,550 7 per an. J. & J. Phila.,Company'sOfflce Jan., 1895 700,000 4 J. & J. do do July 1, 1913 2,700,200 2 per an. F. & A. Hartford. Aug. 31, 1894 700,000 5 J. & J. do July 1, 1903 200,000 6 per an. A. & O.  1,000  3,840,000 10,000,000 See text. 7,429,000 3,497,000 4,300,000 705,000 411,000 1,266,000  i:ooo  1,000 1,000 1,000 1,000 1,000  (1.) OPERATIONS ST. PAUL MINNEAPOLIS & MANITOBA.  See Central of N. J.  Oct., 1894  May 1, 1933 M. & N. New York. . ••.. .iniiua.iiy. •. . . . Houston, Texas. J. ~ J. N. Y., Central Trust Co. July 1, 1937 Oct. 1, 1912 A. & O. do do Apr. 1, 1921 A. & 0. do do Oct. 1, 1897 A. & o. do do Oct. 1, 1897 4 A. & 0. do do Feb. 1, 1938 5 g. F. & A.. In default.  5 g. .... 6 5 g. 6 g. 46 g.  I  BTOCK.-Chlc. Burl. & Quincy RR. owns $14,244,900 stock. Preferred stock has prior right to a non•oumulative dividend of 7 per cent; then ' common to 7: then both share. DIVIDENDS.-On preferred stock in 1881 ~8 7 and 1882, 7; in 1883, 3; in 1887, 7; in 1888, nil; in 1889, 5; in 1890 $l 876 960 nearly 2 per cent; in 189 l 6·82. per cent; in 1892, 7 per cent on prePassenger earng's. $1,810,330 $2,145,293 $2,028,949 7• 628 •011 ferred and 710 p. c. on common; m 1893, 7 p. c. pref. and 23io p. c. comFreight earnings.. . 8,762,984 10,522,805 9,720,486 '776'743 INCOME ACCOUNTS have shown: Surplus over charges: In 1893, $646, Mail, exp.,r'nts,&o. 772,043 854,483 854,693 ___ , _ SZ¼.i....~ 1892 $422,052; in 1891, $409,780; in 1890, $102,071. Tot. gross earns .. $11,345,357 $13,522,581 $12,604,128 $l0, 2 8 1 , 714 Harrl8burg Port8mouth Mount Sor & Lanca8ter.-Owns Maint. of way, &c.. $1,767,447 $2,107,413 $2,243,543 $1,243,001 l'rom Dlllerville, Pa., to Harrisburg, Pa., 36 miles; branch, Middletown, 513,670 Pa., to Columbia, Pa., 18 miles; total operated, 54 miles. Leased to the MMati~t. ofcars ....•. t 855,635 1,045,419 S 2,~~~•.~~g 1,628,645 Pennsylvania RR. Co. for 999 years from January 1, 1861, the rental o ve power ...•.. S i Transportation..... 3,219,172 3,473,277 1,541,454 1,302,052 being 7 per cent on the stock and interest on the bonds, taxes and exGeneral............. 646,525 709,308 505,876 476,587 penses of organization. Stock, $1,182,550; par $50. 299 , 651 Taxes ......... ;..... 411,943 375,554 367,551 Hartf'ord & Connecticut Western.-Owns from Hartford, $ 5 ,463 , 606 Conn., to Rhinecliff, N. Y., 109 miles. Reorgani'zed in 1881 and in 1888 Total expenses.$6,900,722 $7,710,971 $7,500,849 a controlling interest in the stock was P.urchased by parties interested in Net earnings ..••••. $4,444,R35 $5,811,610 $5,103,279 $4,818,108 the Poughkeepsie Bridge. Leased till August, 1939, to the Phila53·14 delphia Reading & New En~land (for which in 1893 receivers were P.o. of exp. & taxes. 60·82 57·02 59·51 appointed), the rental paymg charges and 2 per cent per an• (2) GREAT NORTHERN RAILROAD INCOME ACCOUNT. num on the stock. There are $33,000 Conn. Western RR. 7 per ceni 1892. Year ending June 30. 1894. 1893. bonds, due 1900, convertiible into stock at 60 per cent. Of the stock $5,103,279 $1,390,000 is owned by the lessee and pledged under its mortgage. Net earns. St. P . M. & Man .... $4,444,634 $5,811,610 340,187 Interest on bonds owned...... 133,197 244,040 Hibernia Mine KR.-Owns from Rockaway, N. J., to Hibernia 18,036 Dividends on stocks owned.... 1,084,608 70,136 1 178,256 l\fines, N. J ., 4 4 m. Leased to Cent. of N. J. in 1890 for $12,000 per an. Rentals of leased lines......... 236,134 191,518 Houston East & West Texas.-vwns l'rom Houston, Texas, to 249,763 Int.erest and exchange......... 248,099 256,688 13fi,630 Sabine River at Logansport, 192 miles. Standard gauged July 29, 1894· .Bills receivable................. 109,807 92,830 17,547 Other income ... . . . ...•.. ... . . . 179,671 163,339 HISTORY.-This rail1·oad is the successor in 1893 of the railway of same name sold in foreclosure .A..ug. 2, 1892. 042 698 Total receipts .............. $6,436,150 $6,830,161 $ 46 , ,224 STOCKS AND BONDS.-Stock is $1,920,000. The new flrst mortgage is Paid rental St. P. M. & Man.. 5,312,655 4,647,149 for forty.year gold fives at $20,000 a mile on the 192 miles, making a , 099 , Great Northern dividends .... (5)1,187,500 (5)1,000,000 (5 )l,OOO,OOO total issue of $3,840,000. About $2,000,000 were to settle the princi· Miscellaneous............ .. .... 40,150 682 _ _ _ _ pal and interest on the old firsts and $300,000 for prior judgments. sur. $ 943 ,474 The remainder of the issue to standard-gauge the road. Balance ......•................ def.$104,1 55 sr.$1,182,330 EAmrINGS.-6 months, l 1894 . . ... gross, $299,277; net, $137,630 (3) EASTERN MINNESOTA, MONTAN.A. CENTRAL, ETC, July 1 to Dec. 31. ~ 1893 ..... gross, 252,347; net, 112,992  (W. ti S. F. and D. W. ~ P. not included.) Year end. June 30, 1894. 1893. 1892. Av. milee operated. 3,765 3,352 2,865  Yearend.June30,'94.  (h•oss.  Net.  Fixedcharges.  ,ri  Balance.  Eastern Minnesota ... $1,275,002 $679,593 $235,000 $444,593 Montana Central. .... 1,226,245 501,475 477,500 23,975 Minneapolis Union... 288,270 236,254 161,500 74,754 Willmar & Sioux Falls 589,716 337,450 164,583 172,867 The net earnings here include "other income," wp.ich tor East~rn Minn., was $105,790; for Mont. Cent., $3,302; for Minn. Umon, $230; for Willmar & Sioux F., $285, -(V. 56, p. 42,752,887; V. 57, p. 144, 170:, 37_5, 880,893, 897, 958; V. 58, p. 263; V. 59, p. 152, 191, 651, 112a , I 140, 1143.) Green Bay Winona & St. Paul.-Road owned from Green Bay, Wis., to Marshland, Wis., 209 miles; branches, 13 miles: trackage to Winona, 4 miles; total, 225 miles, of which in March, 1893, 172 miles were steel. Also leases the Kewaunee Green Bay & Western RR., Kewaunee to Green Bay, 30 miles. HISTORY.-Iil August, 1892, reorganized without foreclosure by plan of Feb. 24, 1892. See SUPPLEMENT of July, 1892, and v. 54, p. 443, 486,643,800. Del. L. & Western parties are interested ln the property. As to traffic agreement with Toledo Ann Arbor & North Michigan, see V. 55, p. 331. Due on rails and equipment Jan. 1, 1893, $87,830. BO'NDS.-The first consolidated mortgage is to the Farmers' Loan & Trust Co., as trustee, and covers the entire property and it~ equipment, excepting the La Crosse branch 6 miles in length. Int.erest due Aug.1,1894, at Farmers' L. &Tr. Co.,N.Y., was not paid. EARNINGS.-From July 1 to December 31, 1893, gross earnings were $203,032. For year ending June 30, 1893, gross, $481,934; net, $106,419; interest, taxes, etc., $121,269; deficit, $14,850. Samuel Sloan, President. (V. 55, p. 255; V. 56, p. 887: V. 57, p. 978; V. 59, p. 191.) G1.·eene KK.-Owns road from Chenango Forks to Greene, N. Y., 8 miles. Road opened 1871. Leased to Delaware Lack. W. for term of charter for 6 per cent on stock and interest on bonds. Capital stock, $200,000; par, $10. GulfBeauJDont & Kansas City Ky.-Organizedin 1893 to build a road from .Beaumont, Tex., through the pine lands and stone quarries to a point in the northern part ot Ja per County. Tex., about 70 miles. In Jan., 1895, 40 miles from Beaumont to Buna were built, and 20 miles more to Kirby nearly completed. General office, Beaumont, Tex. ancock & Calumet.-Owns narrow.gauge road from Hancock to Fulton, Mich., 19 miles; branch, 3 miles. Stock, $350,000; par $100--of which $250,000 is owned by Mineral Range RR. Co.-which see. Two dividends, 212 p. c. each, for year 1893 were paid on Jun e 30, 1894, and in July, 1894, 212 per cent for first 6 months of 1894. Mortgage is for $400,000. In year 1893 gross earns., $187,276; net, $58,645; surplus for year over int., taxes, etc., $36,308. Hannibal & St. J oseph.-Owns from Hannibal, Mo., to st: Joseph, Mo., 206 miles; branches-Cameron to Kansas City, 53 miles ; St. Joseph to Atchison, Kan., 20 miles; Palmyra to Quincy, ID., 13 miles• leat1es, 3 miles ; total operated, 2~5 miles. Owns bridge at Kansas City  H   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  For year ending June 30, 1894, gross, $442,281; net, $167,092. In year 1892·93 gross, $457,563; net, $134,104; taxes, improvements, &c., $12,731; balance, surplus, $121,373. In 1891·92 gross earnings were $422,933; net, $77,637. (V. 57, p. 144; V. 59, p. 234.) Houston & Texas Central Railroad.-(See Map of Southern PaciJtcJ-Owne rrom Houston, Texas, to Denison, Texas, 338 miles ; Hempstead, Texas, to Austin, Texas, 115 miles; total owned, 453 miles. Also operates Fort Worth & New Orleans Ry., Garrett to Fort Worth. 41 miles; Central Texas & Northwestern, 12 miles; Austin & Northwestern, 102 miles; other, 4 miles. The Waco & Northwestern, Bremond to Ross, Tex., 58 miles, was soldinforeclosureDec. 28, 1892-seethatcom• pany. Land grant from the State of Texas was 10,240 acres per mile. HISTORY.-Successor to a railway company of the same name fore• closed Sept. 8, 1888. Reorganization plan V. 45, p. 792, 820. April 11, 1893, tile new company took possession. STOCK.-The new stock is $10,000,000 (par $100) and the old stockholders paid a cash assessment of $71 40 per share to obtain their pro rata share of the new stock. (See V. 51, p. 493.) BoNDs.-The bonds are being gradually reduced with proceeds of land sales. In December, 1892, the Morgan's Louisiana & Texas RR. & SS. Co. brought suit to recover $1,343,538. The first mortgage was for $8,634,000, of which $570,000 reserved against claim of State of Texas upon 75 miles of the road. Balance issued, but reduced to present figure by land sales. The Southern Pacific Company guarantees interest on all the bonds and both principal and interest of the clebentm·es. The first m01·tgage bonds and the consolidated 1nortgage bonds may be called for redemp• tion at 110 with proceeds of land sales. See full abstracts of all the mortgages in V. 52, p. 242. The first mortgage was atl.rstlien on some• thing less than 2,000,000 acres of land and the consoll,1ated mortgage a first lien on about 1,000,000 acres. Of the $5,068,000 consolidat.ed 6s authorized $1,149,000 (not inoiuded in the amount outstanding above) are held as part security for the general mortgage 4s. Trustee of general mortgagP is Metropolitan Trust Co. of N. Y. There are $13 1• 000 Union Depot bonds. The debentures have interest but not princ1• pal payable in gold. J,;ne 30, 1893, cm·rent liabilitiei< exceeded current assets by $375,486. State of Texas claims $411,935 due Texas school fund. V. 59, p. 1058. EARNINGS.-The earnings, &c .• h ave been as follows: Year ending June 301891. 1892. 1893. Passenger, mail, etc ............ $1,024,959 $982,183 $1,003,437 Freight........................•. 2,550,084 2,788,247 3,185,873 Total gross earnings ............ $3,575,043 Operating expenses.... ......... 2,610,154  $3,770,430 2,647,937  $4,189,310 2,737,768  Net earnings.................... $964,889 $1,122,493 $1,451,542 Total interest charge about.... . . . .. . . . 900,000 -(V. 55, p. 927, 1033; V.56, p. 621,835; V. 57, p. 853; V. 59, p. 1058.}  JANUA RY,  1895.J  BAILROAD STOCKS AND BONDS.  63  Subscribers -will confer a !treat favor by giving Immediate notice of any error dl8covered in these table•• INTEREST OR D[VIDENDS. t1o1td s-l'rincl Miles Date Size, or A.mo t pal,WhenDue. For explanation of column beadings, &o., see notes of of Par Outsta~g Rate per When Where Payable, ancl by Stocks-Lasi on first page of tables. Road. Bonds Value. Cent. Payable Whom. Dividend. RATLROADS.  Huntingdon ct Broaa Top-Common stock ..........  Preferred stock, 7 8er cent, non•cumnlative ...•.. 1st mort., extende in 1890 (int. only in gold) .. . 2d mort. (interest but not prin. payable in gold) . 3d mortgage, consolidated ....•...•...•. . .•...... .  67 67 67 67 67  l 7~~1  Illinois Central-Stock ........... • ......... . .........  Leased line 4 /'ier cent stock, guar. (s ee remarks.) ••• morl. 0 rterling bond80!l895 .......... 1 8 7 4 for Sterl. of '03, £10,000dr'nyrl.o* $15,000,000 Sterlin~ bonds of 1905 ......... . secures all 4s of 1 86, due 1951, gold . ... o* equally..... 312s of 1886, due 1951,jold . . o* Trust bondssterl.(secured by Ch. St.L.& .O.cons.) 1st M., Spring. Div. (Gilman to Sp.),$2,00~ 000.c 1st M., Middle Div.,Otto to Norman June. brs .r Collateral trust bonds, gold,$ . .. . ......... . ... . c* Cairo Bridge bonds, gold (see r emarks) .... c*&r .. Col. truRt. $25,000,000,gold,onL. N. 0. & T .. c*&r Collatera l trust of 1904, gold (see te xt) . .•. .. c*&r Chic. St. Louis & N. O., 1st M, (prim: lien in T enn. 1st mortgage, Cairo, Ill., to N. O.,La.andbranoh! 2d mortgage ....... . ............................. Consol. mort. ($18,000,000), g old (see t ext).c*&r Memphis Div.1st M., gold,guar. p. &i. (end.) . c'  Indiana Deratur ct We.1lern ............. . .. ... ..... . . Indiana Illin?is ct Iowa-lstM., gold, red. at par . . c~  .....  i"ii  131 854  798 567  567 567 567 100  ....  is54  1857 1865  .....  is15  1874 1875 1886 1886 1886 1877 1881 18 88 1890 1892 1894 1877 1877 1877 1881 1889  iis issg  $50 50 500 500 1,000 100 100 £200 £200 £200 1,000 1 ,000 £200 1,000 1 ,000 500 &c. 1,000 5 00 &c. 1,00 0 1,000 1,000 1,000 1,000 1 ,000  i:ooo  500 1st and 2d inc.Ml'!. ($250,000 each) 4 p. c.non-cum.r 118 188 9 1 ,000 3 5 1 ~93 1 st M. So. B end Ext. 1$500,000) ~-,red. a t 105.o* Indiana ct Illinois Southern-See ST. Lor;xs INDIAN APOLI S &EA STERN. 1,uuu Indianapolis Un -lstm., g., s. f. not subj .to call. c• ..... 1886  $1,371,750 2,000,000 416,000 367,500 1,497,000 50,000,000 10,000,000 2,500,000 3,500,000 1.000,000 1 ,500,000 2,499,000 5,266,000 1,600,000 968 ,000 15,000,000 3,000.000 21,1 29,000 4,517,000 539,000 828,000 80,000 11,281,000 3,500,000 See tex t. 800,000 457,500 301 ,000 965,000  See text. 7 per an. 4 g. lg. See text. 4 per an. 6 g. 5 g. 5 g. 4 g. 319 g. 319 g. 6 5 4 g. 4 g. 4 g. 4 g. 7 7 6 5 g. 4 g.  & J. & J. & 0. & A. & 0. & 8. & J. & 0. & 0. & D. & J. J. & J. J. & J . J. & J . F. & A. A. & 0 . J. & D. M. & N . J. & J. M.& N. M. & N. f. & D. r1s&D1s J. & D.  ..4.g.  J.·i,,:n.  J. J. A. F. A. M. J. A. A. J. J.  Phil.Of. ,4th&Walnut8t. do do do do do do do do New York, 214 B'dway . do do London. London,Morton,R.& Co. do do New York, 214 B'dway. do do London, Barini Bros. New York, 214 'dway. do do do do do do do do do do do do do do do do do do do do  Jan. 31,1895 Jan. 31, 1895Sept. 30, 1920 Feb. 1, 1895 Apr. 1, 1895 Mch. 1, 1895Jan., 1896 Apr. 1, 189~ Apr. 1, 1903 Dec. 1, 1905 Jan. 1, 1951 Jan. 1, 1951 July 1, 1950 Jan. 1, 1898 Aug. 1, 19211 Apr. 1, 1952 Dec. 1, 1950 Nov. 1, 1953 Jan. 1, 1904 Nov. 1, 189'1 Nov. 1, 1897 Dec. 1, 1907 June 15, 1951 Dec. 1, 1951  Metropoi: Tr. Co .  Deo: · .i93!> Dec. 1, 193!> Mar. 1, 1943  A. & 0. 4 5 g. M.& s.  N. Y., do do  do do  4lgg . M.& N . Phila., Fidelity Trust.  1;  May 1, 192&  Huntingdon & Broad Top.-Owns from Huntingdon, Pa., to In 18 9-t the issue of $3,550,000illinois Central 4s was authorized, of Mount Dallas, Pa., 45 miles; branches, 22 miles; total operated, 67. which $1, 542,240 to b i, iss•ied in exch a nge for Cedar Falls & Minn. 7& SECURITIES.-Preferred stock is 7 per cent non-cumulative. Dec. 31, at the rate of $1,120 new 4s for each $1,000 of the 7s, with all par,;t due 1893, car trusts were $589,459; bills payable, $30,000. Bonds due in coupons attached. The Illinoi11 Central 4s to be secured on about 143 1895 and 1925 have Interest but not principal payable in ~old. The miles of Dnbnque & Sioux Cit " main line, and the issue may be Jn aecond mortgag• 7s, due Feb. 1, 1895, will tie exte nded for 30 years at cre ,sed to $4,575,000 when 184 (Iowa Falls to Sioux City) m les addi4 p. o. gold; the consol. 5s, due April 1, 1895, w ill be r e placed by same tional are brought under the mortgage. See Dubuque & Sioux City RR. V. 59, p. 919. amount 5 p. c. gold oonds to run 30 years. V. 59, p. 969, 1058. DIVIDENDS on preferred-In 1884, 112 per cent; in 1887, 2; in 1888 GENERAL FINANCES.-Bills payable were, July 1, 1894, $2,448,574;; and 1889, 5 yearly; ln 1890, 512; in 1891, and to Jan. 31, 1895, at 7 p. c. c~mpons and rents payable, $:';04,227; contra, cash assets, $253,217;. yearl~•. On common stock in '91, 2 p. o.; in '92, 4; in '93, 5 p. c.; in '94, bills receivable secured lJy collateral, $2,512,226. In January, 1894"' 5 p. o.; in '95, Jan., 21 6 p. <'. for acquisition of the Chei. 0. & S. W.. $5,000,000 collateral t r u s t ~ REPORT.-Report for 1893, in V. 58, p. 344, showed gross earnings, were 1s,med. See Ches. Ohio & Southwestern. $703,608; net, $369,419 ; net from collierie11, etc., $3,185'; interest. EARNINGS-4 months, 5 1894 ..•. gross, $6,234,-189 ; net, $1,6ZOi4l6; $117,295; dividends, common and preferred $208,587. In 1893 $54,821 July 1 to Oct. 31. 1893 .... gross, 8,537,752; net, 3,.ll.55,844l was spent for improvements. In 1892, gross, :667!:!, 122; net, $365,712. -(V. 56, p . 1 0 66; V . 58, p . 344; V. 59, p. 968, 1058.) ANNUAL REPORT.-Fiscal year ends June 30. Annual mooti:ngis Heldt llinois Central.- (See Map.)-ROAD.-Operates from Chicago, Ill., at Chicag:o the second Wednesday in October. Report for 189J-9i wa111 southerly to New Orleans, La., 912 miles, and westerly to Sioux publishea at length in V. 59, p. 535, 550 and 555. During the year City, Ia., 509 miles, with numerous branches. Its roan, clearly shown $1,902,587 was spent for capital acconnt. The following· does not include Yazoo & Miss!Rsippi Va.Hey-which see below. on the accompanJ ing map, is made up as follows: (1fwhioh see.) Year ending June 301892. 1893. 1894. Road owned in fee. Miles. Yazoo & Mississippi Val. RR. 2,883 2,888 2,888 Chicago to Cairo, Ill .. { Mainf 365 Memphis to N. 0. and brs.. 923 Miles operate<l. ......... . ....... Passengerearnings .. . .•...•••.. $4,388,269 $5,151,398 $ 6,116,60 ::t Centralia, Ill., to East stem Branches. . ........... . ........ 819 12,253,612: Dubuque, Ia......... · 841 - - Freight earnings.......•........ 12,809,973 12,781,201 2,162,591 2,287,249, Enti1-e stock owned. Total owned Jan. 1, '94 . . 3,095 Mail, express & miscellaneous. 2,093,518 Chicago St. L. & N. 0. RR. Leased.-Oontrol owned. Total earnings ...•.•........ $19,291,760 $20,095,190 $20,657 ,4641 Cairo, ill., to New Orleans. 547 Dubuque & Sioux City ,r..... 600 Mem., Ten., to Grenada,Miss. 100 - - Operating expenses ....... . ... . . 14,070,020 14,283.9.i4 14,369,416; 71·08' 69156 Total oper. Jan. 1, '94 .. . 3,695 P. ct. op. expen. to gross earns. 72·93 HISTORY, LEASES, &c.-Chartered In December, 1850, and organized Net earnings . ..............•.... $5,221,740 $5,All,'.!56, $8,288,048in March, 1851. The company pays to the State 7 per c1•.nt o! in-oss Net receipts from interest, &o. 913,733 1,259,586 1,865,325• earnings yearly in lieu of taxes. The Chicago St. Louis & New Orleans Miscellaneous .....••.....•...•.• 61,038 66,90(; 41,120 · is leased for 400 years from July 1, 1882, at 4 per cent per ammm on ts $10,000,000 stockdeposited to secure the Leased, line stock. Total receipts ......• . ..•.•.. $6,196,511 $7,137,748 $8,194,493. In 1892 practically all the stock and bonds of the Louisv. New Orleans [nterest on Ill. Central bonds . . $2,077,42 • $2,665,265& Texas (807 miles), were acquired for $5,000,000 in c a sh and [nt. on Chic. St. L. & N. O. bonds. $1,459,925 1,196,845 1,217,840 1,217,84(). $20,000,000 in -i per cent bonds, and the company tben merged in the 0 776,413 732,914 867,148;. Yazoo & Mississippi Valley, making 923 miles, as above. Co 1887 the ~it 2,250,000 2,500,000 2,500,000 TI lino is Central acquired the stocks of the leased lines in Iowa. In Dividends on Leased Line stock 400,000 400,000 400,000 December, 1893, control of the C. 0. & S. W. was acquired. 98,921 80,910 80,965 CAPITAL ST0CK.-'.rhe teased, line stock is secured by deposit of Miscellaneous ........•......•.•. $10,000,000 Chicago St. Louis & New Orleans stock, and in case ot Balance ........... .. .....••. Sur. $14,107 Sur.$128,659 Sur.$463,275default for sixty days in the payment of any semi-annual dividend of 2 per cent the stockholder is entitled to his share of the stock pledged. YAZOO & MISSISSIPPI VALLEY.-Resu.1ts on 807 miles from July 1 .,.. DIVIDENDS.-On common stock since 1884-In 1885, 8; in 1886, 712; 1893, to June 30, 1894 (0 110 y ear), were: Gros~ earnings, $3,338, 8 60; in 1887 and 1888, 7; in 1889, 519; in 1890, 6; in 1891, 5; in 1892, 5; in net, $969,398; income from investments, $4,230; total net, $973,628 ;_ 1893, 5; in 1894, 5 ; in 1895, March, 2½3 per cent. deduct intere11t on bonds and note s ($694,995) and loss on sale of' The tru~t bonds of 1886 are secured by deposit of $5,266,000 Chicago securities, ($59,500), $754,495; surplus, $219,134; V. 59, p. 556. St. L. & N. 0 . consols. and are to be included in any new mortgage on -(V. 56, p. 103,127; V. 57, p . 298. 533, 546, 549, 683, 763, 808, the Illinois Central lines. 1040, 1083; v. 58, p.127, 716; v. 59, p. 290,5 3 5,55 0 ,555,919, 1006.).·, BONDS.-Oairo bridge bonds are Recured by deposit of a like amount of lndtan~ Decatur & Western . - Indianapolis, Ind., to Decatur,. . Chioai;r;o St. Louis & New Orleans lstmortjZage Cairo Bridg~ 5 per cents. 111., 152 miles. The rental for the bridge is $180,000 in gold annually, of which $30,000 HrsTORY.-Org-anized by bondholders' committee in 1894 to succeod 1 goes to a contingent and sinking fund till 1902, then $20,000 to regular lndianapoli~ Springfield & Western, sold under foreclosure of old Insinking fund. t:!ee advertisement in CHRONICLE, May 7, 1892. dia napolis Decatm· & Springfield tirst mortgage of 1876. See SUPPLE'£he collu.teral trust bonds of 1952 are secured by pledge with the U. 8 . Trust Co. of New York of $16,350,000 5 per cent 1st mort~age gold l\lENT of July, 1894. B. W. 8mith, President, 7 Nassau Street, N. Y. LeaRes Dt>catur & EaRtern, included in mileage above. bonds of subsidiary railroads ooverin,z 850 miles. See list, V. 55, p. 550. In Novembn, 1894, bondholders authorized the acceptance or 130.Of the $25,000,000 coUate1·al trust bonds of 1953 issued on pledge of for their bonns. Negotiations tor purchase on behalf oc Lake Erle&. the Louisv. N. 0. & Texassemtrities purchased in 1892, $5,000,000 were held by Ill. Cent. for Louis v. N. 0 . & Texas extensions, improvements, Western are being made. V. 59, p 879,920. &c., and of these bonds $3,871,000 were helcl. in its treasury June 30, LA.TEST EARNINGS.-5 months, 1894 .. Gross, $216,266; net, $78,872 1894. Trustee of deed, U. s. Trust Company. $318,000 L. N. 0. & T. July 1 to Nov. 30. 5 1893 .. Gross, 186,240; net. 42,482::: 1st mortgage and $1 (J2,000 land grant income bonds were unexchanged YEAR'S EARNrNGS of Indianapolis Decatur & Western were: and outstanding June 30, 1893. See advertisement CHRONICLE, June For year from i 189a -94, gross, $387,870; net; $70,910 11, 1892,and V.54,p,964. July 1 to June 30. S 1e92·93 1 gross, 504,931; net, 147,216 The Illinois Central collateral trust bonds of 100,1, (United states Trust -(V. 60. p. 82.) Co., Tru>1tee.) were authorized to a total or $12,750,000 to acquire the Indiana Illlnots & Iowa.-Owns from Streator Junction, TIT. .., Chesapeake Ohio & Southwestern syi-telllj. They are redeemable at the cowpany's option on January 1, 1896, or on any coupon day there• to Knox, Ind., 118 miles; trackage (Wabash Railway) into Streator, 1 ·70• miles: (Ch. & W. M.) La Crosse, Ind., to New Buffalo, Mich., 38: (Chio•. after. l<"'irtit il'lsue was $5,000,000 secured by real estate and by sundry 11eouritles or the Chesapeake & Ohio 8. W. system, including the follow- & E. ill.) Wheatfield to La Crosse, [nd., 13: (Kan. & Sen. RR.) Kankakee to Seneca, m., 38 miles; total of all, 209 miles. Extension to South ing of the Ch• sapeake Ohio & 8. W. itself: 2d mtg e. 6 s, $2,369,000 and $673,950 overdue coupons thereon; equipment trust bonds $470,000 Bend, Ind., about 20 miles , opened in December, 1894. and $106,020 overdue coupons thereon; $3,511,600 preferred and SECITRITIES.-Stock, $3,597,800; par, $100. Car trusts Dec., 1893, $,5,714.200 common stock and $1,1783,544 floating debt. Of the remain- were $107,513. The 1st and 2d incomes, as well as the 1st 4s, are subder authorized, $6,250,000 c;m be issued hereafter ouly on tteposit of a ject to call at par l\lld interest after 30 days' notice. The 5 per cents like amount or Che!<apeake Ohio & Southweotern firsts , and $1,!)00,000 1893 a re a cou solida ted ruortgage on main line. is reserved to take llP a<lditiunal Chesapeake Ohio & 8 . W. 2nd!!: OwensEARNINGS.- Tu ye ar ending June 30, 1893. gross $782,840; net, $164-, . boro Falls of Rough & Green R. firsts, etc. See V. n9, p. !"i59. In Decem- 61-l; inte re~t, $50,300; r entals, etc., $15,600; oar trust s and extrao~ ber, 1894, the Illinoi s Central offered to purchase the balance of C. O. dinarv improvements, $S61,396. [n 1891-92 ~oss, $601,306. Balano&, & 8. W. tirsts at$ l,13 ~ ·61 per $1,000 hond. V. 59, p. 1006. sheet; etc., in v. 55, p. 146. (V. 56, p. 413; V. 59, p. 1104.) For the Chicago .st. Louis ct New Orleans the lessee guarantees the principal and interest of all the outstandin~ bonds prior to the 5 per Indianapolis Unlon.-Owns 3miles oftrackwithterminalsat fnoent bonds, and by an endorsement on the latter bonds guarantees the dlanapolis, Ind., and leases for 999 years the Belt RR. of Indianapoli ,._ payment of the interest on the same until the principal is paid. Of whiuh see-con1<i,;ting of 14 miles of road e•circling tbe c'. ty• . these consol. 5s $5,t66,000 additional to the amount outstanding a.bo, e etc. Formed in 1850 and furnishes terminal facilities to the sevc,ra!J are pleged as security for the Illinois Central trust bonds of 1886. railroads entering Indianapolis. STOCK-The Cleveland Cincinnat1,  c  I   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  - - - - -----  ~f~~;n~~~·n~~ ce~gi!I  ---·--  c  or  64   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  INVESTORS' SUPPLEMENT.  [VOL. LX  J..a.NUARY,  1895.j  RAILli-OAD STOOKS AND .BONV8.  Subscribers -wlll conf'er a ~reat favor by giving lrnrnedlate notice of any error discovered In these Table11. RAILROADS. INTEREST OR DIVIDENDS. Bonds-Prinol - - - - - - - - - - - - - - - - - - - - - , M i l e s Date Size,or Amount -----------------,pal,WhenDueFor explanation of column headings, &c., see notes of of Par Outstandino Rate per When Where Payable, and by Stocks-La.st on first page of tables. Road. Bonds Value. ° Cent. Payable Whom. Dividend.  --•--------------------1----- ----1------1-- -7 - - - ----·------!•---......,-133 1867 $1,000 $1,700,000 F. & A. N. Y.,Farm.L.&Tr.Co.  .Indianapolis~ Vincennes-lstM.,guar.p.&i. (end.)c 2d M., guaranteed p. & i. Penn. RR. Co. (end.) .... c  133 International ~ Great N ortkern-lst mort., gold ... . 776 Certificates of indebt. sec. by 1st m. coupons, gold. 776 Purchase money 2d mort. incomes, non-cum ..... 776 2d M. gold, int. 4'12 p.c. till Sept.'97, then 5 p.c.. c* 776 3d m. ($3,i)00,000) income till Sept. I, 1897, g .. c" 776 Colorado J:Sridge bonds, sinking tund ............•. lou,a Oent.-Stock ($5,545,166is p:-ef. 5 p.c. non-cu.) 1st M., for $7,650,000; $15,000 per mile, gold .. c ... 503 Keithsburg Bridge 1st mortgage, gold, guar .... o* Iron Railway-Stock ..•....•.......................•. ·20 Jackllonvillt Louisv. & St. L.-Jack. S. E. 1st mort .. 54 J. L. & St. L. cons. M., gold, guar. p.&i., end ..... <'.. 112 Jacksonv'eSt.Aug.cfind.Riv.-J.St.A.&Hal.R.lstM. St. Augustine & Halifax River 1st M. bonds .•••. St. Johns & Halifax River 1st M. bond8 ......... . Jackllon'Dille Tampa & Key West-Receiver' s certifs. 1st, gold, redeemable at 110 ..........· .......... o* 130¼ Atlantic Coast St. Johns & Indian R. lst M.,gold.c 37 Sanford & Lake Eustis 1st M. ($350,000), gold ... 29 J. T. & K. W. consol. mortgage for $4,000,0000 .. 200 Collat. Trust loan on Fla. So. bonds, Series A ..... Do do do stock, Series B ..••. Equipment bonds, Series A and B ............... . Bt.Johns&LakeEustis lstM.,gu.p.&i.byFia.80.Ry, "49 .Tetrerson-lst &2dMs,ext. in '87&'89 (H'daleBr.)c 8 ht M. Carbondale to 8. depot, gold, guar. \>· & i .. c* 37 Joliet & Northern Indiana-lat M. gu. p. & 1. M. C.c 45 Junction ( Philadetphia)- lst m., guar. p. & i. (ext'd). 3·56 2d mortgage, gua,ranteed prin. & int ............. . 3·56 Kanawha & Mich.-Stock, $10,000,000 authorized. 1st mortgage, $15.000 per mile.,wld,iruar. p.& i. c· i65  1870 1879 1892 1879 1881 1892 1880  1,000 1,401,000 6 M. & N. do do ."500 &c. 7,954,000 6 g. M. & N. N.Y., office, 195 B'way. Various 374,226 5 g. M. & N. N. Y., Central Trust Co. 500 &c. 85,500 .... M. & S. do do 500 &c. 6,968,500 4¼ to5 g. M. & 8. do -do 500 &c. 2,656,500 4 g. M. & 8. See remarks. 1,000 201,000 7 M. & N. N.Y., office, 195 B'way. 100 13,760,323 See text. . .. . N. Y. office, 11 Wall St. 1,000 6,327,370 5 g. J. & D. N. Y.,MercantileTr. Co. 1885 l,U00 591,000 6 g. J. & D. N. Y., Central Trust Co. 100 600,000 See text. yearly. Boston. 1880 1,000 300,000 6 J. & J. July, '93, coup. last pd. 1890 1,000 1,380,000 5 g. J. & J .•Tilly, '93, coup. last pd. 1888 1,000 1,000,000 6 F. & A. N. Y., Mercantile Tr. Co. 360,000 ..•. .••. ••········ 390,000 .... ..•. . ........ . i893 49,300 J ..&.. J. July,'94,pd Nov. 30,'94. 1884 1,566,000 1,000 1886 M. & 8. Mar.. '94, coup, last pd. 360,000 1,000 1886 290,000 M. & 8. Mar., '94, coup. last pd. 1,000 1890 1,784,000 M. & 8. No coupons paid. 1,000 1888 F. & A. See text. 3,6w,ooo 1,000 1888 F. & A. See text. 500 88-89 23,000 . ... N.Y., Mercantile Tr Co. 285,500 M. & 8. In default. 300,000 J. & J. Phila., Fidelity Tr. Co. 1,000 1889 2,800,000 A. & 0. N.Y.,N.Y.L.E.&W.RR. 1,000 1877 J. & J. N. Y., Farm. L. & Tr. Co. 800,000 1,000 1882 425,000 J. & J. Phila., 233 So. 4th St. 1,000 1865 300.000 A! & O. do do 100 9,000,000 ··4·g. A. ·&··o. N. Y., Central Tr. Co. 1,000 2.469,000  isss  i:ooo  I  isi,7 i:ooo  isoo  Chicago & St. Louis, the Pittsburg Cincinnati Chicago & St. Louis and the Terre Haute & Indianapolis are virtual proprietors, they ha.\ing in vested in it $851,172 to Jan. 1, 1894. No stock outstanding. .BONDS Trustee of mortgage is the Fidelity Ins. Trust & Safe Deposit Co. or Philadelphia. Bonds for $35,000 have been canceled by sinking fund. but ,he bonds a.re not subject to call before maturity. EARNINGS.-1'll year 1892-93 gross, $456,137; net, $151,396; cliarges, $92,613. Indianapolis & Vlncennes.-Owns from Indianapolis, Ind.. to Vincennes, Ind., 117 miles; branches, Bushrod to Dugger, etc., 16 miles. 8ECURITIES.-Connecting line for Penn. RR. to Vincennes. Stock, $1,402,000; par, $50: of which Pennsylvania Company on J an. 1 1894, owned $1.401,900. The Penn. RR. Co. guarantees by endorsement on each the prinnipal and interest of the bonds. EARNtNGS.-[n 1893 gross, $520,908 ; net, $102,977; interest, $203,118; rentals, etc., $3,563; deficit, $103,704, against $94,566 in 1892. International & Great Northern.-Owns Longview, Texas, to Laredo. Texas, 496 miles; and Palestine, Texas, to Houston, Texas, 150 miles: branches-Houston & Columbia, 50 miles; Phelps to Huntsville, 7 miles; Mineola to Troupe, 44 miles; leases-Round Rock to Georgetown, 10 miles; Henderson to Overton, 16 miles; Galveston Houst. & Henn., Galveston to Houston, 50 miles; total, 825 miles. ORGANIZATION.-Reorganized without foreclosure in 1892 under plan in V. 54, p. 203, 366. Road turned ov1:1r to company .Julv 11, 1892. V. 55, n. 100, 177. In 1892 the M. K. & T. disposed of its interest in the stock to Mr. Gould. (See V. fi0, p. 313; V. 54, p. 366.) STOCK-Stock authorized is $25,000,000; outstanding, $9,755,000; par, $100; controlled in interest of Missouri Pacific as stated above. BONDS.-In the reorganization the first 6s were unchanged. The second mortgage interest was scaled to 412 per cent from Sept. 1, 1891, until and including Sept. 1, 1897; thereafter it will be 5 per cent; but in case of default the rate reverts to 6 per cent as formerly. Second mortg:age bonds are reserved to take up the $85,000 old incomes. The thfrd mrn-tgage 4 pe1· cent bonds for $3,000,000, until after Sept. 1, 1897, draw interest only if earned. non-cumulative. Bee provision respecting payment of interest in V. 56, p. 82. There is also outstanding fractional bond scrip (in March, 1 894,) for $42,975. The certificates of indebtedness are secured by first mort~ge coupons held in trust and are payable $124,742 each Nov. 1. See v. 54, p. 203, 366. The International & Great Northern guarantees $2,000,000 of Galveston Houston & Henderson 1st mortgage 5 per cent bonds. EARNINGS.-From Jan. 1 to J an. 7, 1~95 (1 week), gross $77,095, against $55,660 in 1894. In calendar year 1894 gross on 825 miles, including Gal. £I. & H., were $3,788,739. In year 1893 grosR $4,088,036; net, $1,241,763. In 1892 gross, $4,195,833; net, $894,515. (V. 57, p.341, 375, 853; V. 58, p. 430,512,595, 773.) V. 59, p. 920, 1141 Iron Kallwa-,..-owns road, Ironton, o., to Centre, O., 13 miles: and branches 7 miles. Dividend in 1891, 112 per cent. No fund• d debt. Bills payable June 30, 1894, $-17,000. In year end. June 30, 1894, #Q'OBB $38,077, agst. $43,357 in '92•3; net, $3,026, agi.t. $3,340; taxes, $3,351., Io-wa Central.-Operates from Peoria, ill., westerly to Oskaloosa Ia., thence northerly to Manly Junction, Ia., and branches, 498 miles. OwnsMiles. LeasesMiles, Iowa June., Ill., to Miss. River. 89 Keithsburg Bridge over Miss .. 2½! Miss. River to Oskaloosa, Ia . . 95 Trackage, Iowa Junction to Oskaloosa. to Manly Junction .. 154 Peoria . ........................ 312 Branches to Albia, etc.......... 165 Total of all . .................... 509 Total owned .................. 503 or which operated only 498 Burl. Cedar R. & No. leases Manly June. to Northwood, 11 miles. HISTORY.-RPorganiz&,tion (by plan in V. 44, p. 653) of the Central Iowa sold in foreclosure in 18~7-88. CAPITA.L STOCK.-Corumon stock authorized, $11,000,000; preferred authorized, $7,400,000. The preferred is entitled to 5 per cent (non· eumulative), then common to 5, then both share pro rata. DIVIDENDS.-On preferred stock in 1892 paid 1 per cent. BONDS, ETc.-Trustee of first mortga~E', Mercantile Trust Co. See abstract V. 49, p. 582. In February, 1892, $400,000 five per cents of 1888 were issued for new equipment and improvements. On July 1, 1894, $244,940 bills payable were outstanding, agst. $470,635 in 1893 EARNINGS.-5 months, <. 1894 ...... gross, $71 ,098; net, $245,253 July 1 to Nov. 30. 51893 ...... gross, 826,244; n et, 321,547 A.N1''1JAL REPORT.-Fiscal year ends June 30; report for 1893 -94 was in V. 59, p. 513. Soft coal tonnage in year 1893-94, 701,518 tons, being 54·3 per cent of the total tonnage; inl892-93, 765,811 tons. Yea1· ending June 30. 1892. 1893. 1894. Av'ge miles of road operated. 498 498 498 Gross earnings ................ $1,888,260 $1,942,564 $1,811,567 Net earn.in.gs (overtaxes).... 475,491 509,036 552,~67 Per ct. ex. to earnings . ....... 74·81 73·79 69·51 Total net rec'ts (incl. rentals) 489,759 523,317 566,792 Interest, rentals, &c.... .. . . . . 399,530 392,686 388,283 Dividends ................. (1 p. c.) 55,364 •...... . ...... .  t  Feb. 1, 1908 May 1, 1900• Nov. 1, 1919' Nov.I, '95-'97 Sept. 1, 1909' Sept. 1, 1909 Sept. 1, 1921 May 1, 1920 Apr. 11, 1892 June 1, 1938 ,Tune 1, 1926 July 10, 1891 July 1, 1910 Jan. 1, 1940 Aug, 1, 1918  J  a.a· 1; ·i0u  Jan. 1, 1906 sep\J.ia1016 Aug. 1, 1898 Aug. 1, 1898 $7,500 s.-an. 1916 Jan. 1, 1927 Jan. 1, 1909 July 10, 1907 July 1, 1907 Apr. 1, 1900 Apr:·1;·i990  acksonvllle Louisville & St. Louls.-Owns Jacksonville to JLouiR Centralia , UI., 112 miles. Formerly belong'ed to Chic. Peoria & St. system, but in 1894 the bondholders declined to accept terms of  reorganization offered by that company. See V. 58, p. 81,512. May 16, 1894 S. R. Wheeler was appointed receiver. V. 58, p. 815. Foreclosure proceE>dings under Jacksonville S. E. 1st mortgage of 1880 were brought in Aug-ust, 1894. V. 59, p. 331. R. F. Kenny and J. H. Dunn, appointed to prepare a plan for protection of co ·•sol. mortgaJ{e bondholders, advise consols to pay off the $300,000 firsts. V. 59, p. 738. On Sept. 12, 1893, unpaid taxes, etc., were $238,230; claims of Chica~o Peoria & St. Louis, $:ll4,o96; joint liability, account Adams Express Co., $100,000; total, $552,926. (V. 59, p. 331, 738.) Jacksonville St, Augustine & Indian Kiver.-See September, 1894, SUPPLEMENT, Jacksonville Ta.inpa & Key West.-Line of road Jackson ville, Fla., to Sanford, 125 miles : Enterprise branch. 4 miles Deland branch, 6 miles; Atlantic Coast St Johns & Indian River, Enterprise to Titusville, 37 miles; Sanford & LakA Enstis Div., Sanford to Tavares, 29 miles; total J. T. & K. W., 200 miles. Operates lines as follows: Florida South., Palatka, Fla., to Brooksville, and branches, 1 79 miles, n arrow gauge; and Bartow to Punta Gorda, 80 miles. St, Johns & Lake Eustis, Leesburg to Astor and Lane Park, 48 miles, narrow gauge, was in Aug., 1893,placedinhands of C. P. Lovell as receiver. RECEIVERSHIP, ETC.-Opened March, 1886, and consolidated with other companies. Receiver appointed Aug. 4, 1892. Receivers are now Joseph H. Durkee and R. B. Cable. See V. 55, p. 100, 146, 679; V. 56, p. 623. The land grant was about 1,500,000 acres. Decree of sale for about 40 miles of road and 361,000 acres of land, subject to all mortf;t~~U~1~.5iof~~~;~~e~~!d~~:\!fa:894. It is understood there is no RECEIVERS' CERTIFICATES to the total amount of $215,000 have been authorized. In December, 1894, only $49,300 had been issued. COUPON PAYMENTS.-The first mortgage lnte1est due July 1, 1893, was paid in January, 1894: January, 1894, interest was paid in March; July, 1894, interest paid Nov. 30, 1894. V.,59. p. 1007. Of the interest due A.ug. 1, 1893, on the collateral trust loan (series A and B), one•half was paid at that date and the balance Jan. 29, 1894; the February and August, 1894, interest was not paid. STOCK-Stock July 1, 1892, was $3,010,000, 01 which it is said the Florida construction Co. owns $2,715,300. BoNDs.-Certain consols bearing numbers higher than 2,216 are outstanding as collateral. J anuary, 1889, control of the Florida Southern was purchased and a collateral trust loan Series A for $2,905,000 issued on its bonds and Series B for $900,000 on its stock. EARNrnGs.-11 months, t 1894........ gross, $714,198; net, $267,146 Jan. 1 to Nov. 30. 51893 ....... . groes, 721,922; net, 245,372 RECEIVER'S REPORT.-From April 11, 1893 to March 31, 1894 (112.s months), gross earnings, $766,328; net, $263,137; other receipts, collections and credit balances, $130,217: total relleipts, $393,354.-Disbursements: extraordinary repairs, taxes, etc., $137,128; for account of Mason Young, Receiver, $103,191; for account of J. T & K. W. Ry., $175,657; total, $415,976. In 1891-92 gross, $781,824; net, $341,709. In 1890-91 the gross earnings on 200 miles were $705,267; net, $228,339.- (V. 57, p. ::n 7,341; V. 58, p. 127; V. 59, p. 27, 423, 1007.) Jeff'erson.-Owns from Lanesboro, Pa. , to Carbondale, Pa.., 37 miles double track; branch, Hawley, Pa., to Honesdale, Pa.., 8 miles. Leased in perpetuity to the New York Lake Erie & Western tor $140,000 per annum for main line and $14,940 for branch. Used by Delaware & Hudson to reach Carbondale. Mort~age of 1889 is gua,r. anteed principal and interest by lessee. Stock, $2,096,050; par, $50. Joliet & Northern Indlana.-Owns from Joliet, Ill., to Lake ~tation, Ind., 45 miles. Operated as part of the Michigan Central system. Road opened in 1854 and leased to the Michigan Central. Stock ($300,000, par $100) carries dividends of 8 per cent per annum. Junction (Philadelphia).-Owns from Belmont, Pa., to Gray's Ferry, Pa., about 4 miles. It connects the Pennsylvania, the Philadelphia & Reading and the Philadelphia Wilmington & Baltimore railroads, coming into Philadelpl.ii.a, which three companies jointly guarantee principal and interest of bonds. Stock $250,000 (par $50), is all held by these three cos., and pays dividends of from 20 to 50 percent per annum -in 1891 40 p. c., in 1892 35 p. c., in 1893 30 p. c. anawha & lUlchl!?,'an.-( See Map Toledo cf Ohio Oentral.)-Owns Corning, O., to Gauley on the Ches. & Ohio, 173 miles, less 17 m.,  K  iOhio :.it~~~~~ i:~fe°<i~s,1~% ~:n~eb~~:i~ft1/~~!ar:as':~i~eT~l~ov& Centrdl and Col. Shawnee & Hocking .Ry. 0  HI TORY, ETc.-Foreclosed March 4, 1890, and reorganized. (V. 50, pp. 451, 483.) In October, 1890, a large interest in the stock was acquired by parties interested in the '.roledo & Ohio Central, which has guaranteed the bouds, principal and Interest. (See V. 52, p. 165, 351.) The first mortgage bonds may be increased to any amount at Balance, surplus . ......... $34. ',65 $130,631 $178,509 $15,000 per mile of road a ctually constructed. In 1893 on the extension Of the surplus for 1894 $33,081 was applied to construction and the of 31 miles to mouth of Gauley River, and for betterments, equipment, balance credit.ea to income account. No dividends w ere paicl. Presi• ete., $1,000,000 bonds were issued. See balance sheet of April 30, 1893, dent Russell Sage. V. 55, p. 420· V. 57, p. 592· V. 59, p. 513.) with earnings, etc., in V. 57, p. 62.   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  ..JANUARY,  STOCKS AND BONDS..  1895 )  Subscribers -wUI con.Cer a great f'avor by giving Immediate notice eC any error discovered In these Tables. Bonds-PrinG1INTEREST OR DIVIDENDS. RAILROADS. Miles Date Size, or pal, When Due. A.mount Rate per When of Par Outstanding For explanation of column headings, &c., see notes of Where P~ble, and by Stocks-Last Road. Bonds Value. on first page of tables. Cent. Payable om. Dividend.  iKa.nsas City c1; Ailantic-1 st M., $2,500,000, gold .. Second mortia~e, $1,800,000 . .............. . ..... Kan11as City Be t-lst ($534,000 ~u. K.C.F.S.&M.).c* Kansas Oit~Olinton & Spring.-· st M., g., guar .. c* Pleasan~ ill & De Soto 1st !nortga{e, gold. ... .. ·transas Oir Ft. Scott c1; Memphis-Stoc .....••.••••. Preferre stock contracts, 8 per cent ..........•.. K.. C. F. 8. & G. 1st M., l'd. gr.,s. f., dr'n at 110.c* Ft. Scott so·eastern & M .. 1st M. (see text) ..... c• Rich Hill RR. 1st M. (see text) ...............•.. c* Short Creek & Joplin 1st M. (see text) .••....... c* .Memphis K. & Col. 1st M. (see text) ............ c* Kansas & Missouri RR. 1st mortgage.... . . "* K. C. Ft. 8. & G. Ten-year coupon notes .....••. ConsoL mort'itfte ($25,000 per mile) not dr'n .. c* Current Riv. . 1st mort., $20,000 p. m., guar. Kan. C.& M. R'y & B'd~lstM.g.,s.f.,dr'n at 110.c* . Kansas Equi.f.' Co. ~st . guar., s. f., red. at 110,. Han. a. Memp . ti Bir.-Gon. mort., $4,500,000.o Income, non-cumulative, $7,000,000 ........... c" BirminJham equipment M., g.,gu. (red. a; 110) .. c* Memp e Equipment Co., guar., red. at 110 .••.. c* an. Oi~ Nort11,western-Mort., fold. See text .. c" Kansas ity ti Pacijtc--lstM., god, int. gu.(end.).c• Kan. O. Pitts. c1; 0ulf.-lst mort., gold, inc. 4 yrs.c* K. 0. St. Jo.& Ooun.Bl.-COn. M. (Nos. 1to5006cf.)c* 1st Ms. Nod. and Tark. Val. RRs. s. f. (dr.atl 0) .c* Kan. Oity Suburban Belt-Stock ....•....•...•...... let mortgage, gold................................ <' Consol. Termiual R{i. of K. C., 1st M., gold..... c* Union Ter. RR. Co. st M. ($2,000,000) g. ~uar .c* Kansas City & Indep. Air Line 1st M., gold .. c&r  ......  ·10 174  .... ... .  iso  103 28 22 50 26  67i 81 .... .... .... .... .... .... i25  248 274 61  ·s·o  ·i·o 512  --1893 1893 1886 1885 l877  ····-·  i:ooo 1,000  500 100 100 i879 100 &c. 1880 1,000 1880 1,000 1880 1,000 1884 1,000 1882 1,000 85&86 5,000&c 1888 1,000 1887 1,000 1889 1,000 1889 1,000 1894 500 &c. 1894 500 &c. 1888 1,000 1890 1,000 1894 500 &c. 1890 1,000 1893 1,000 1877 100 &c. 1880 1,000 100 i890 1,000 1892 1,000 1893 1,000 1892 1,000  ....  months, 51894, gross, $143,642; 11et, $41,!594. July 1 to Oct. 31. <1893, irross, 127,975; net, 39,996. ANNUAL STATEMENT.-Fiscal year ends June 30. In year 1893-94 gI"oss, $366,493, itgainst $364,766 in 1892·93; net, $104,964, against : Jt,116,142; surplus over charges 1892-93, $30,448. (V. 57, p. 22, 62.) Kanl!ias City & A tlantlc RR.-A. reorganization in 1893 of the Kansas City Bridge & Terminal and Chica~o Kansas City & Texas companies, which see iu V. 55, p. 1034; V. 56, p. 246. Stock author· ized, $8,000,000. Kansas City Be1t.-From Argentine to Valley of Blue River, 10 miles. Mortgage is for $2,500,000. Stock authorized $2,500,000 (par $100); outstanding $100,000 (par $100); owned one-half by Atchison · Topeka & Santa Fe and three-tenths by Kansas City Fort Scott & Memphis and two-tenths by Chicago Milwaukee & St. Paul. Double•tracked and used tor a terminal road at Kansas City. The mortgage is for $2,. 600,000. In 1893 gros11, i237,988; net, $139,964; interest, $117,191; •balance, surplus, $22,773. In 1892 gross, $233,945; net, $132,184. KanHas City Cllnton & Springfield.-Owns from Cedar Juno•tion, Kan., to Ash Grove, Mo., 164 miles, and branch to Pleasant Hill, Mo., 10 miles; total, 174 miles, but only 163 miles opera.ted. STOCKS, ETc.-Bullt in interest of Kansas City Fort Scott & Memphis 1 RR., which ~arantees the bonds. Stock authorized, $2,500,000; par, $100; issued, $1,775,400, of which one-half is owned by the Kansas City Fort Scott & Memphis RR.; due that Co. July 1, 1892, $345,000. EARNINGS.-From Jan. 1 to Nov. 30, 1894 (11 months), gross, $287,· •-620, against $239,384 in 1893. ANNUAL REPORT.-Fiscal year ends June 30. Report (see K. C. F. S. & M. re~ort) for 1893 94 showed gross earnings, $338,528; net, -$129,102; mterest, $163,660; deficit. $34,5i>8. In 1892-93 gross, ·$351,560; net, $123,200; deficit under charges, $40,460. (V. 59, p. 878.) Kan8as City Fort Scott & Memphls.-Owns main hne from Kansas City, Mo., to Memphis, Tenn., 485 miles, with branches, 186 miles; total owned, 671 miles. Current River RR., Willow Springs, Mo., ·to Grandin, 81 m.; total, 752 miles. Owns one-half capital stock of K. C. · Clinton & Springfield and of K. C. Memphis & Birmingham RR. (see those cos.; also 300 shares Kan. City Belt and $942,000 Current River. 0RGANIZATION.-Formed in April, 1888, b_y consolidation of the Kan. C. Ft. Scott & Gulf and Kansas City Springtteld & Memphis railroads. DIVIDENDS.-On 5 year, 1886, 1887, 1888, 1889, 1890, 1891, none ,eommon since '85, { p. c., 4, 412, 3¼, 3, 3¼, 1, since. On preferred S year, 1881, 1882 to 1890, 1891, 1892, 1893, none -.aince 1880, l p. c., 812, 8, yearly. 4, 8, 5, since. BONDS.-Underthe consolidated mortgage (trustee New England Trust Company of Boston) sufficient bonds are reserved to provide for all ,prior bonds when due. The Fort Scott Southeastern & Memphis, Rich Hill and Short Creek & Joplin roads have a sinking fund with whiob bonds are bought at 110, or, if not offered, are drawn at 105 (of these •bonds $277,000 were on June 30, 1894, held alive in the sinking fund). The Current River RR. bonds are guaranteed. See V. 44, p. 246. 'The Kansas Oity ~ Mem'J,his Railway cf; Bridge bonds are guaranteed by endorsement as to principal and interest and a.re subject to sinking fund drawin~s, $9,000 bonds yearly at 110. See V. 54, p. 410,965. The Kansas Equipment bonds are guaranteed, and the issue is redeemable as a whole at any time at 110 and interest, and is entitled to an annual •inking fund of $12,000, for which the bonds may be purchased but ~cannot be drawn. Also guarantees $534,000 Kansas Oity Belt and :-$3,192,000 Kansas Oity Olinton c1; Springfield bonds-see those co.'s. LATEST EARNINGS.-From July 1 to Nov. 30 (5 months): 5 months. Gross earns. Net earns. Inl .. renl.,&c. Balance. 1894.. .••• .• . • . • $2,014,163 $638,441 $556,179 sur. $82,262 1893.. ...•... ... 2,062,460 571,766 562,273 sur. 9,493 GENERAL FINANCES.-Kane.as City Sprln~eld & M. 6s due Ma.y 1, 1894, were paid in cash, and K. C. Ft. S. & M. consols. were held in "ttreasury June 30, 1894, subject to sale therefor. On June 30, 1894, bills payable, $762,889; i>quipment n·otes, $259,718 . Cash on hand, -$202,205; common stock in treasury, $99,000, included in table. .ANNUAL REPORT.-Report for 1893-94 was in v. 59, p. 877. The , earnings given below are on the 671 miles owned. Year end. ,Tune 30. 1894. 1893. 1892. 1891. Gross earnings ........ $4,406,740 $5,111,152 $4,~91,278 $4,703,142 Net earnings .......... $1,269,187 $1,308,217 $1,356,603 $1,313,924 Interest and miscell .. 1,125,841 1,104,606 1,111,644 1,068,846 :-LATEST EARNINGs-4  Bal., incl. other inc.. $143,346 Dividends paid ..••.... _ _ _ _  $203,611 137,490  $244,959 219,984  $256,881 208,972  --sur.$24,975 sur.$47,909  Bala.nee............. $143,316 sur.$66,121 For 1891-92 paid deficits on the Current River RR. and the Kansas City Clinton & Sprln.1..rfleld RR amounting to $72,829; in 1892-93 to ~$58,596; in 1893•94 $75,113. (V. 57, p. 298, 851; V. 59, p. 2:-?8, 87'7'.) Kansas City 1'Iemphls & Birmlngham.-Owns from MemphiE to Birmingham, Ala., 253 miles, and branches to Aberdeen, Miss., and Bessemer, Ala., 23 miles; total, 277 miles; completed in October, 1~87. STOCK, TRAFFIC GUARANTY, ETC.-The stock is $5,956,000; par, $100. "The Kansas City Fort Scott & Memphis owns half the stock and gives a   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  0)  $1,950,000 3,192,000 58,000 9,997,000 2,750,000 2,197,000 571,000 57,000 94,000 492,000 390,000 320,000 11,974,000 1,606,000 3,000,000 761,000 3,170,320 6,340,640 1,000,000 189,000 See text. 2,500,000 6,200,000 5,000,000 524,000 4.750,000 1,000,000 750,000 1,300,000 300,000  6 g. 6 6 5 g. 7 g. See text. See text. 7 7 7 7 7 5 6 6 5 g.  g  See text. 5 6 g. 6 5 g. 4 g. 5 g. 7 7 See text. 6 g. 5 g. 5 -g. 5 g.  J. & J. Boston,Mass.Loan & Tr. A. & O. do do J. & J. Boston, Of., 50 State St. A.. & 0. Boston, Merch. Nat. Bk. A. & 0. do do F. & A. Boston, Of., 50 State St. F. & A. do do J. & JJ. Bost., Nat. Webster Bk. M.& 8. do do M.& 8. do do M.& s. do do M.& s. do do F. &A. do do Various Boston, Of., 50 State St. M.&N. Bost., Nat. Webster Bk. A. & 0. Boston, Nat. Union Bk. A. & 0. N. Y., Un. Tr. Co. & Bost. J. & J. Boat., Nat.Webster Bk. M. & 8. Boston, Old Col. Tr. Co. Sept. 1 M.& 8. Boston,OldCol'nyTr.Co F. & A. Boston Office. J. & J. New York. F. & A. N. Y .. Office,4.5 Wall St. A. & O. Incomes till 1897. J. & J. Boston, 2d Nat'l Bank. J. &D. do do  July 1, 1913 July 1, 1913 July 1, 1916 Oct. 1, 1925 Oct., 1907 Feb. 16,1891 Feb. 15,1893 June 1, 1908 Sept. 1, 1910 Sept. 1, 1910 Sept. 1, 1910 Sept. 1, 1910 Aug. 1, 1922 Var. 1895-96 May 1, 1928 Oct. 1, 1927 Oct. 1, 1929 Jan. 1, 1905 Moh. 1, 1934. Mch. 1, 1934 Mch. 1, 1903 Aug. 1, 1905 Jan. 1, 1933 Aug. 1, 1990 A.pr. 1, 1923 Jan. 1, 1907 June 1, 1920 June 1, 189-i J. ··&·n. Phila.., Union Trust Co. June 1, 1920 F. & A. Phila. of., 400 Chestnut Feb. 1, 1922 F. &A. do do Feb. 1, 1923 M. &. 8. Phil., Prov. Life & Trust Moh. 1, 1922  traffic guarantee of 10 per cent of grosR earnin~s derived from business to and from this road, to be applied to interesli. REORGANIZA.TION.-The reorganization plan pl'esented in Dec., 1893 [see V. 57, p. 938], provided for the issue of $4,500,000 bonds dated March 1, 1894, to bear interest at 2 p. c. flr~t year, 3 p. c. seconil year and 4 p. c. thereafter, and for $7,000,000 non·cumula.ti ve 5 p. c. incomes. Holders of old fl.rats, coupon extension notes and overdue coupons to r~ceived 40 p. c. of face or such securities in new bonds at par and 80 p. c. in incomes. The old stock was not disturbed. BONDS.-Under the plan there were $3,170,320 general mortga~e bonds and $6,340.640 incomes issued for old secul'itles. Both ~enerals and incomes are currency bonds 1or $500 or $1,0vO each. The equipment loans are both guaranteed by this Co., and are redeemable on notice. LATEST EA.RNINGS.-From .July 1 to Nov. 30, 1894 (5 months): 5 months. Gross. Net. Oha1·ges. Balance, 1894.... ...... $442,477 $76,758 $56,144 sur. 20,614. 1893. ....... .. 458,437 82,066 195,535 def.113,469 ANNUAL REPORT.-In 1892-93 gross earnings were $1,163,948; net, $179,757; inclutl.ing traffic guaranty, deficit under all charges, $253,825. In 1891·92 gross, $1,174,372; net, $215,591; total net, adding traffic guar., $236,477. (V. 57, p. 298,938; V. 58, p. 716; V. 59, p. 291.) Kansas City North-western RK.-Road Kansas City to Bea, trice, Neb., 175 miles, of which Seneca to Axtell, 10 miles and Virginia, to Beatrice, 14 miles are trackage, and 20 miles, Summerfield to Vir• ,rinia. are owned by Kans"'J City & Beatrice, which was foreclosed in May,'94. Branches, 17 miles. Total, 192 miles. A reorganization or the K. C. Wyandotte & N. W., sold in forMlosure Jan. 5, 1894. Kan. City & Beatrice bought by Mo. Pacific in May, '94. BONDS.-Mort~age for $3,500.000 (Mercantile Trust Co., N. Y. trustee) is'iued m .July, 1~94. Of the bonds, $900,000 are series "A/' " pl'eferred" as to principal and interest, and are redeemable after 5 years at 105: pro eeds were used to pay purchase price, etc. Ba.lance of issue for betterment<1. Road belongs to Mo. Pac. V. 59. p. 152. In year ending June 30, 1894, earnings on 158 miles (34 miles K. 0. &. B. not being iucl11d., d) were gross, $308,945; net, $10,117; other income, $42,184. Rental paid, $23,865: foreclosure, etc., $13,418. Balance, surplus, $15,018. (V. 59, p. 152.) Kansas City Plttsbnl'~ & GulC.-(See Map.J-Operates road from Kansas City, Mo., to Siloam Sprigs, Ark., 230 miles, of which 206 miles, Grand View, Mo., to Siloam, Ark., owned and 24 trackage; also traokage from Texarkana to Morris Ferry, Ark., 44 miles. HcSTORY.-Chartered in 1887 as Kansas City Nevada. & Ft. Smith. Name changed to present title in Jan., 1893. In Nov .• 1894, tbe Texarkana, & Ft. Smith was mer"ed. Completed from Hume to Siloam Springs in 1893. Contra-ct let to Arkansas Construction Co. (capital, $5,500,000 a11thorized) for construction to Shreveport, La.. from whence the K. C. ~hreveport & Gulf (chartered in Sept., 1894,) will build to Sahine Pass on Gulf of Mexico. V. 59, p. 651. Congress has granted right of way in Indian Territory. Stock authorized, $25,000 per mile; outstanding in Nov., 1894, $6,200,000; par $100. BoNDs.-First mortgage gold bonds at $25.000 per mile of main track were authorized m April, 1893, interest on which for first four years will be payable only if earned. Mortgage covers equipment. Missouri Kansas & Texas Trust Co., of Kansas City, Mo., and the State Trust Co., of N. Y., trustees. EARNINGS.-From Jan. 1 to Dec. 31, 1894 (12 months), gross $375,840, against $189,036 in 1893. New Yoi:_k office. 36 Wall Street. (V. 56, p. 668; V. 57, p. 422, 1039; V. 59, p. 6.>l, 879.) Kansas City & Paclfic.-RoAD.-Paola to Stevens, 130 miles Forms part of the Missouri Kansas & Texas main line to Kansas City' having been leased to that company for 999 years from August 1, 1890. The 1essPe guarantees interest on the 4 per cent bonds {see guaranty V. 56, p. 695), a d ir prior to Auer. 1, 1895, 30 per cent 11.nd thert1after 33 per cent of the gross earnings shall exceed the interest on the bonds, taxes and corporate expen'ies, the amount of such excess (all advances by M issouri Kansas & Texas having been settled) is to be paid to the Kansas City & Pacific 8ee V. 51, p. 457. Stock is $2,500,000, of which $1,725,000 is owned by M. K. & T. (V. 51, p. 457, 494.) Kansas City St • .Yoseph & Connell Blnff's.-(See map Ohicago Burlington & Qiiincy.)-Own.s from Kan1as City to Council Bluffs, 197 miles, branches 58 miles,proprietary lines (Nodawav Valle;r. and Tarkio Valley railr, ads), 61 miles; total operated, 316 Illlles. The capital stock of $5,262,600 was purchased by the Chicago Burlington & Quincy in 1880, and the road is operated as part of that system. Consols. Nos. 1 to 500, both inclusive, have a prior lien under the mortgage. In 1893 gross earnings were $2,019,008; net, $869, 118; interest, rentals, &c., $412,466: divid1,nd (8·65 p. c. Dec. 31, 1893), $455,267; balance, surplus, $1,385. In 1892, net, $803,654. Kansas City Suburban Be1t.-(See Map.J-ROAD-Extends from Second t3treet and Broadway around Kansas City, vi1t. the East Bottoms and the valley of the Blue and Brush Creek, providing terminal facilities for the railroads centerini, at Kans&d City, and turnisheR quick transit trom the manufacturmg suburbs along the Blue Valley. By connection with Umon rerminal RR., in Kansas City, Kansas, lihis road al,,o reaches the West Bottoms by a system of via,ducts, and here ma,kes direct connection with every road entering KaD.Bas City trom northwest, west and southwest.  INVEBTURS' SUPPLEMENT.  88  VoL.  x.]  Subscribers will confer a e;reat f'avor by glvlne; hnDledlate notice of' any error dl•eovered In these Tables. RAILROADS. ---------------------1 Miles  Por explanation of column headings, &o., see notes on first page of tables.  INTEREST OR DIVIDENDS. Bonda-Prtnol Date Size, or Amount - - - - - - - - - - - - - - - - - pal,WhenDue. of of Vpalaure. Outstandinu Rate per When Where Payable, a.'nd by Stocka-Laat Road. Bondt1 ° Cent. Payable Whom. Dividend.  --------------- ------1--- ·-- ---•1------1•--- ----1-----------1-----K. a.Sub. Belt(Oon.) K.C.&I.A.L.2d M. ($200,000) Kearni <I Black Hills-lat mortgage.......... . .... Kentue y<IIndianaBridge-Reeeivers' certificates 1st mortgage, gold...... . ......................... 2d mert~age, gold ....•..••.........•..........•..•. 1 i:~ba~on::!iti iiii: KentuckyMfli'a--lstM.,$25,000p.m.,red.atpa.r.o* llentucky Union-See LEXINGTON & EASTERN. Keokuk tl Des Mo.-Preferred stock, 8 per cent ... . 1st mortw,ge, interest guar. C.R. I. & :f' .. ••••... o.. lleokttk ti estern-Common stock .................. 'Kinderhook cE Hudson-lat mort., gold, $375,000 .. Zmt,1 Oounty Ele11ated-Stock . ... . ........ . ......... 1st mort., gold, series "A,'' $550,000 per mile .. o* 2d mortgage, see text .............................. Funded coup. scrip of 1890 ..... . ...... .. .....•.... Fulton Elev.lstM..,Ser.A,$550,000 p.m.,g.,gua.r.c• Car trusts ($4,000 each F , b. 1) .................... "ingston ti Pembroke-1st M.,gold,(redem. at 105) . linoZ1J. Oum. Gap re Louis-1st mortgage, gold .... c .. Receiver's certificates (auth. $250,000) . . ........ 2 0 mortgage, gold ................................ c* Knoxv. re Ohio-1st mort., gold, guar. by rent. c*&r ~a e Erie .Alliance re South.-SEE TEXT. Lak,; l!..rie <I Western-Com. stock, $20,000 per mile Pref· stock, 6 per cent 1notcum.) ($20,000p. m.). 1st u.ortgage, ($10,000 per mile) gold . ......... c* 2d mort., for f3,625,000 ($5,000 per mile) gold.o Lake Roland E evated (BaU.)-lst M. gold .... o*&r  ~erni:  51g 66  .... .... . -·· 1at M: ·eiia::, ·goid:: ···2  40  162 162 148 17 6 6 6  6 3~  ils 70 ·10 66 725 725 725 725  .....  1893 1890 $i:ooo 1894 ...... 1881 ...... 1889 ...... 1886 ······ 1890 1888 i:ooo  ·-5· 5 g.  M:·&·N. N. Y., Un. Tr. & Boston. May· l,..i920 M:·Jr: ·s. Mar.,'94, pd. Sept.1,'94. Mar:,"·ifill  5 g. A. & O. A.pr., '93, coup. last pd. April, 1919 5 g. J. & D. June,'93,ooup. lastpaid Dec., 1916 6 g. J. & D. June,'93,coup. last paid June 1, 1920 6 F. & A. Aug; 1, 1918  ..........  100 1,524,600 See text. See text N. Y., Office, 13 Wm. St. 100 &o. 2,750,000 5 A.. & o. do do 100 4,000,000 2 per an. A. & 0, N. Y., Cuyler, Morgan As collateral 6 g. J. & D. . ....•.... .. ioo See text. 1 ,000 3,377,000 5 ·g&6 J."·&--J. N.Y., Mercantile Tr.Co. 1,000 5 g. A. & 0. 1888 3,377,000 1890 -i48,950 6 A.pril 1 New York. 1889 1,979,000 5 g. M.. & 8. N.Y., Mercantile Tr. Co. i:ooo 1893 1 ,000 36,000 6 Ir. & A.. N.Y., Atlantic Trust Co. 1 ,000 1882 572,000 6 In default. J. & J. 1,000 1888 1,650,000 ~ g. J. & D. June '92 coup. last paid 1894 88,000 ......... 1889 i:ooo 500,000 6 g. A.·&··o. 1,000 2,000,000 1885 6 g. .J & J. N.Y.,J.P.Morgan&Co .  is1s iss9 iss5  .  ....  iss7 1891 1892  100 100 1,000 1,000 1,000  ORGANIZATION.-In 1892 consolidated with the Consol. Terminal Ry Co., and in January, 1893, bought the entire capital stock of the Kansas City & Independence Air Line Company. (V. 55, p. 995,) Capital stook le $4,750,000, all of which has been issued. Dividend of 2 per cent in stock was paid Nov. 1, 1893, and 2 p. o. in stock in May, 1894. Trustee ot the Suburban Belt mortgage ls the Missouri Kansas & Texas Trust Co., o! Kansas City. EARNINGS.-From Jan. 1 to Dec. 31, 1894 (12 months), gross $249.,· 027, agst. $236,572 in 1893. N. Y. olfioe, 3 6 Wa.ll St.-(V. 58, p. 1072.) Kansas City Watkins & Gulf.-See SUPPLEMENT of September 1894. President, J. B. Watkins, Lawrence, Ka:usas. Kearney & Black Hllls.-See SUPPLEMENT o! Bept., 1894. Kentucky & Indiana Brldge.-Owns steel cantilever bridge over the Ohio River at Louisville and 5 miles of railroad between Louisville, Ky., and New Albany, Ind .. and 5 miles of belt line in Louisville; also operates New Albany Belt & Terminal RR.. 2 mileg, and owns Louis. & New Albany Ferry Co. and N. Albany Street Car Co. RECEIVERSHIP.-Defaulted OB coupons Sept., 1893. Bee V. 57, p. 510, 596. John McLeod, F. W. Tracy and S. M. Felton are receivers. Reor• ganization, giving Balt. & Ohio RR. control, was said to be under way. See V. 57, p. 722. Petition to foreclose terminal mortgage was tiled at Louisville in October, 1894. New Albany Belt first mortgage bond· holderR' committee was a.ppointen in October, 1R94. Receivers' ceriifioates for $75,000 were issued in 1894. SECURITIES.-Capital stock $1,700,000 (par $100). City of New Albany, Ind., guarantees $250,000 of 1st mortgage bonds. INTEREST PAYMENTS.-First mortizage intere t due Sept. 11, 1893, was paid at Loui ville Trust Co. on July 1, 1894, and the March 11, 1894, int. paid at American Nat. Bank or Louisville, Ky., Sept. 1, 1894. EARNINGS.-Reoeivers' report for year Oot.14, 1893, to Oct. 14, 1894 shows gross, $219,741; net, $86,257. For year ending June 30, 1893, gross earnings were $215,343; net, $126,703; interest, $100,000. In 1891·92 gross, $198,359. (See V. 57, p. 510, 596, 683, 722; V. 58, p. 682,773; V. 59, p. 697; Vol. 60, p. 82.) Kentucky Mldland.-Owns road Frankfort, Ky., to P aris, Ky., 40 miles; completed in 1890. Extensions projected. Stock authorized, $1,250,000; is ued, $910,000; pa1·, $100. First mortgage is for $5,· 000,000, trustee, Central Trust Co. In October, 1894, Geo. B. Harper was appointed receiver. In year 1892-93 gross, $67,614; net, $11,622. In 1891·92 gross, $63,383; net, $13,537. Kentucky Unlon.-See LEXINGTON & E..4.STERN. Keokuk & Des Molnes.-Owns from Keokuk, Ia., to Des Moines, Ia., 162 miles. Leased !or 45 years from October 1, 1878, to the Chicago Rook Island & Pacific Railroad the lessee to pay 25 per cent of tlie gros~ earnings, but guarantees the interest (not the principal) on the bonds. The stock is $1,524,600 8 per cent preferred and $2,600,400 common (par of each $100), a majority of which is held by the lessee Surplus tor year 1891-92 was $21,221, against $8,525 in 1890-91. Paid. dividends on preferred in May, 1893, of $2 40 per share; in 1894, March, 95 cents J)Elr share; in 1895, Jan., 90 cents per share. Rental in year 1892-93 $158,721, against $146,025 in 1891-92. Keokuk & Western.-Owns Alexandria, Mo., to Van Wert, Ia., 143 m.; operates to Keokuk, 5 m. Organized in 1886 after foreclosure MORTGAGE NOTE.-A. 6 per cent note for $200,000, seoured by mort' gage, payable at will, is outstandin~. DIVIDENDS-In 1888, 1 per cent; tn 1891, 2; in 1892, April, 1; Oct., 1: in 1893,A.pril, 1 p. o.; Oct., 1 p. o.; 1894, June, 1 p. c.; October, 1 p. c. EARNINGS, 11 months,?_ 1894....... . ... gross, $335,222; net, $103,769 Jan. 1 to Nov. 30. S 1893 .... . ... ... gross, 358,234; net, 121,065 ANNUAL REPORT.-R"port for 1893 was in V. 58, p. 902. Gross $386,645; net, $128,247; interest, $12,053; taxes, $15.934 ; construe• tion, etc., $6,632 ; dividends, $80,000; balance, $13,628; balance Dec. 31, 1893, $55,143. In 1892, gross, $407,151; net, $135,373. F. T. Hughes, President, Keokuk, Iowa. (V. 56, p. 462; V. 58, p. 902.) Kings County Elevated.-Owns double·traokroad throullb Ful· ton Street, Brooklyn, to former city line, 6·14 miles; leases Fulton ElevatPd, former city limits to Montauk A. ve., thence to new city line, 3·78 miles, of which Logan St. to terrnfans, 0·9 miles, completed in July, 1894. Extension from Fulton St. and Franklin Ave. to connect with Brook lyn & Brighton Beach RR-. is proposed. STOCK.-Dnder plan below mentioned company is to absorb the Ful· ton Elevated company. In October, 1894, K. C. stock was inorea ed from $R,250,000 to $4.,7::- 0,000, the increase to be issued in exchange for like amount of Fulton stock. BONDS.-lnterest on second mortgage bonds for three years ending Oct. 1, 1892, was funded into scrip. A plan ot readjustment proposed in June, 1894, and given in V. 58, p. 1034, was a follows: $3,377,000 K. C. 2d mortgage 5s with one year's interest added, to receive new income non•cum. debentu1·e 6s. . · f 5to receive new 2d mortgage $448,950 fUD d e d coupon scrip O 1890 ?_ cu1nulat. inconie "B" 6s. $1,000,000 of new 2d mortgage cumulative income "A" 6s to be issued fc r floating debt and future needs. It is also proposed to consolidate the Fulton and Kings County com• panies, bringing the Fulton road under the Kings County 2d mortgage. Of the Kings County 1st m. $200,000 are 6s; trustee is Mercantile   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  (!)  862,000 75,000 1,000,000 600,000 400,000 300,000 962,000  11,840,000 11,840,000 Sce·text. Q:.:..:F. N.Y. Office, 80 Br'dway. 7,250,000 5 g. J. & J. N. Y., Chase Nat. Bank. 2,100,000 5 g. J. & J. do do 1,000,000 5 g. M. & S. Balt. Tr.& Gu. Co., Balt.  Jan. 15, 1895Oct. 1, 1928 Oct. 1, 189-iDeo• 1, 1909 Ja.n~·1,..i925 April 1, 193S ~r. 1, 1900 oh.. 1, 1929 1895·'03 Jan. 1, 1912 June 1, 1928 Oct:·1;·i919 July 1, 192~ Fe1>:15;·i89 f;. Jan. 1, 1937 July 1, 1941 Sept. 1, 194a  Trust Company of New York. (See abstract of first mortgage in V. 49., p. 237.) The Fulton Elevated Railroad is leased for 99 years, and its bonds guaranteed, principal and interest. Loans and bills payable wer& $198,133 Septtmber 30, 1894; unpaid interest on 1econds and scrip~ $182,797; subscription to income bonds, $237,633. EARNI 'GS.Gro11 Net Int., rent'l1, Balance~ 3 mo,. to Sept. 30. earning8. earning,. taxe,, ~c. deficit. 1894 ·····•··•····••· $148,739 $36,006 $91,837 $55,831. 1893 .......... .....• 160,589 35,161 93,549 58,38S ANNUAL REPORT.-Fiscal year ends June 30. Annual statement for 1893-94, with balance sheet, was in V. 59, p. 421, showing gross earn· ings $742,230; net. $233,21)7; interest on bonds, $269,800; other interest, etc., $17,758; taxes, $47,920: deficit for year, $102,221. In 1892·93, gross, $941,620; net, $377,7g7, Presid't, Gen. James Jourdan. - (V. 57, p. 510,1040; V. 58, p. 430,773,774, 1034; V. 59, p. 421,835. Kln2ston & Pembroke.-See SUPPLEMENT or March, 1894. In Oct., 1894, Joseph Gordon o! Kingston, Ont., was appointed reoeiver-(V. 59, p. 1141.) Knoxville CuDlberland Gap & Loull!lvllle.-Knoxville,. Tenn., with tunnel at Cumberland Gap, to L. & N. at Middles, boro, 74 miles; branches, 7 miles. Default on 1st mortgage coupons occurred December 1, 1892, and Clarence Cary was madere-oeiver. Receiver's certificates for $88,000 issued in July, 1894 · for building bridges. Mortgage trustee Central Trugt Ce. Stock paid in, $2,730,000; par, $100. Current liabilities July 1, 1892, $508,377EARNINGS.-ln year 1892-93 gross, $157,840; deficit from opera.ting,. $20,195, against net of $29,418 in 1891·92. (V. 55, p. 1078.) Knoxville & Ohlo.-Owns from Knoxville, Tenn., to Jellico, Tenn., and branch, 69 miles Leased Nov. 1, 1888, to East Tenn. Va.. & Ga. for 99 years for net earning<i, but interest o-c bond~ guaranteed by r ental. Lease assumod by Southern Ry. Co. and ffrst mortgage 6s le!t undisturbed. Stock is $1,l \/ 2,200. Southern Railway owns $767,00()of the stock pledged under its consolidated mortgage of 1894. ake Erle Alliance & Soutll.ern.-Owns from Bergholz, 0., to Alliance, 0., 36 miles. Major E . E. Scranton appointed receiver in November 24, 1893. See V. 57, p. 938. This road was sold under fore closure of first mortgage- on Jan. 3, 1895, to Mr. Giles E. Taintor, N. Y., for $100,000. V. 60, p. 43. EARNINGS, 11 months,?_ 1894 .....••.•.•.• gross, $70,990; net, $9,671. Jan. 1 to Nov. 30, ~ 1893 .. .. ......... gross, 72,175; net, 12,197 In year 1893 gross, $77,792: net, $13., 388. In 1892 gross, $83,659;. net, $20,768. (V. 57, p. 938; V. 58, p. '71ti; V. 60, p. 43.) Lake Erle & Western Railroad.-( See Map.)-Owns from Sandusky, O., to Peoria, Ill., 420 miles, and branch to Minster, 10 miles, Indianapohs to Michigan City, 162 miles; Fort Wayne to Connersville and branch to Rushville, 133 miles; total, 72!'> miles, of which 691 steel. HISTORY, ETc.-Company formed in 1887 after foreclosure of the, Lake Erie & Western Railway. In March, 1887, purchased Indianapoll& Peru & Chica.go, 162 miles, and in June, 1890, acquired Fort Wayne Cin. & Louisville. (See V. 50, p. 590.) The terminals at Indianapolis, Peoria, Fort Wayne and New Castle are operated partlv under leaee. The company lets about 88 miles of trackage and terminal rights, re• oeiving about $57,000 yt-.arly. NEW BONDS.-Stockholders will meet Feb. 5, 1895{ to authorize th& issue of 1st mtge. bonds at $10,000 per mile and 2as at $5,000 :vermile on the 152 miles of the Indpls. Decatur & Springfield RR., which. road the L. E. & W. proposes to buy .-v. 59, p. 920. DIVIDENDS {Year.. . 1890. 1891. 1~92. 1893. 1894. 1895. Per ct. 4 4 4~ 5 5 below. on preferre d In 1895, Feb. 15, paid 114 p. c. BONDS.-A.bstract of first mortgage (Central Trust Company and A. L. Mason, trustees), in V. 46, p. 45; of 2d mortgage (Cent. Trust Co. of N. Y and Robt. C. Bell of Ind., trustees), in V. 54, p. 444. LATKST EARNINGS.-January 1 to Outober 31 (10 months): 10 monthsG1·oss. Net. Fixed charges. Bal., 8Urp. 1894 .............. $2,746,603 $1,183,719 $565,414 $618,305 1893........ ...... 2,981,463 1,231,199 540,660 690,539 · ANNUAL REPORT.-Fisoal year ends Dec. 31. Annual meeting is held at Peoria on first Wednesday in October. Annual report tor 1893 was in V. 58, p. 548. The traffic is well distributed, only 7 per cent betng from coal. A. verage rate per ton per mile in 1893 was 0·704 cents. Year end. Dec. 31. 1890. 1891. 1892. 1893. Gross earnings . ....•. $3,074,438 $3,273,355 $3,558,482 $3,512,620 Net earnings . ... .. ... $1,275,656 $1,447,897 $1,620,359 $1,463,877 Ratio op.exp. to earn. (58·51) (55·77) (54·46) (58·33) Interest on bonds.... 332,750 363,771 434,667 444,972 Taxes and rentals.... 146,503 155,068 200,033 205,498 Dividends ...•......... (4) 473,600 (4) 473,600 (5) 592,000 (5) 592,000_  L  Bala.nee, surplus. $322,803 $455,479 $393,659 $221,407 Betterments.......... $223,256 $216,509 $119, 219 $207,016 Calvin 8. Brice, N. Y., President.-(V. 54, p. 443. 414. 559: V. 56, p. 330,666; V. 57, p. 556; V. 58, p. 344, 548; V. 59, p. 879,880,920. }, Lake Roland Elevated (of Baltimore, Md.)-Operates 91g miles double track, 112 miles single track road in Baltimore, part of which is an elevated steel structure, completed in summer of 1 '393. Earning~ from July 1 to Sept. 30, 1893 (3 months), said to be $50,039. Stock,. $1,000,000; par, $100. Mortgage trustee, Balt. Trust & Guarantee Co.  /   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  i 1,-L  a:i  c:o  ~  p;  i ~  00  1-3 0  ~  00  i  I ftJ  MAP OF THE  KANSAS CITY SUBURBAN BELT R, R. KANSAS CITY & INDEPENDENCE AIR LINE .AND  ~HE UNION TERMINAL RAILROAD, Showing Topography and Railroad Entrances of the City.  ~  =   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  ~  ~  ~  rn  1-3 0 ~  C/3  rn  q  ~  ~  ! ,,.  MAP OF THE  LAKE ERIE & WESTERN RAILROAD ..-'  1 ~  .JANUARY,  1895  I  RAILROAD STOOKS AND BONDS.  'fl  Subscrib e r s wlll•cona·er a great Cavor by giving Immediate notice of any error discovered In these Tables• RAILROADS.  For explanation of column headings, &c., see notes on first page of tables.  £a,ke Shore ti: Michigan Southern-Stock ............  Guar. 10 per cent stock (Mich. So. & No. Ind.) ... Buffalo & Erie 1st m. (Buffalo,N.Y.,to Erie, Pa.) .o Lake Shore div. bonds (Buffalo to Toledo, O.) .... o Consol. 1st mort.sink.ftmd $250,000 dcearly .c&r Consol. 2d mort. (for $25,000,000), o ...... c&r Detroit Monroe & Toledo 1st mortgage, guar... c Kalamazo & White Pigeon 1st mort., guar....•.. o Bat. Cr. & Stur. 1st ML g., riar. p. & i. (see M.Cen.) 'Sturgis Goshen & St. . ls mort., g., p. & i. gud.r. Kal. Allegan & Gr. Rapids stock, 6 p. o. guar ..... 1st mortgage, guaranteed .................. . ... o Jamestown &Frank. lstM. (L.S. owns$251,000).o Erie & Kalamazoo (leased) st'k, Toledo to Adrian Lake Shore System-Mahoning Ooat RR.-Stock.... Preferred stock, guaranteed 5 p. o. See text ... 1st M., Youn~. to And., etc., guar. p.&i.(end).c Lake St. (Chic.J tevated~lat M. $6,500,000,gold. La Por teHous.tl:N.-Mort.$3,00(),000($15,000p.m.) LeaTJ, Top. tt S. W.-lstM.,12guar.byAt.&12byUn.P. Lehigh ti: Hudson River-lat M.,g.,int.red'o'dto5p.o.  .Honds-J:>r1no1• INTEREST OR DIVIDENDS. Miles Date Size, or When Due. A.mount Rate per When Where P,Wtable, and by pal, or of Par Stocks-Last Road. Bonds Value. Outstanding Cent. Payable hom. Dividend.  --$100 $49,466,500 See text. F. & A.. N. Y.,Grand Cent. Office. .... 100 533,500 l0peran F. & A. do do ·ss is6s 500 &c. 2,755,000 7 A. & O. 1,000 258 1869 1,355,000 A. & 0. 7 ....  859 859 62 37 41 29 58 58 51 26 43 43 43 7½  0  46  41 63 ~a~~f1!i1ei 1si &2ci.Ms: c$2.io;ooo ·2cis;iiii2> Text. Wawayanda RR. 1st mortfage .................... 7 Leh. & Hud. River Gen.M. or $3,000,000,p:old.. c~ 63 Lehigh ti: Lackawanna- lat mort. ($100,000) ...... 25 .Lehigh Valley-Stock ($106,300 is 10 p. o. pref.) ... 1st mortgage, coupon and registered .............. ioi :2d mortgage ............. .. ......................... r 101 .Con. M., sterlinP-, g.,s.f.2 p.c.y'rly, dr'n at par.c&r 285 4o coup. an.d rers., $4,762,000 are 412s.c&r 285 do annuity, $2, 38,000 are 412s ............. 285 LAh.Val. of N.Y., 1st M., p:old, gu. p. & i.(end.)c*kr 283  1870 1873 1876 1890 1889 1889  1,000 1,000 1,000 1,000 1,000  isss 1863  1,000 1,000  ....  ---·  ··ioo ····50  50 i884 1,000 1,000 1893 1,000 1894 1,000 1882 1,000 1881 1887 1.000 '79-'81 500 &c. 1880 1890 1877 500 50 1,000 1,000 1870 1873 1,000 1873 1,000 1,000 1873 1,000 1890  fcioo  is6s  Lake Shore & Michigan Southern.-(See Map N. Y. Oentral-. Operates from Buffc1,lo to Chicago with branches. Tbe system, well ,shown on the map, is made up as below. The main line (540 miles) i.ncludes 26 miles betweenToledo and Adrian, M.ich., under lease from ~e Erie & Kalamazoo. Road owned directl1J. Miles. Leased, [1Tsee this Co .. ] Miles. .Buffalo, N. Y., to Chicago, Ill..540 Kalamazoo A. & G. R.. ....•. 59 ;Sundry branches ............... 319 Jamestown & Franklin . . . . . . 51 Entire stock owned. Malloning Coal RR . . . . . . . . . . . 50 ,D etroit & Chicago .............. 62 Erie & Ka,lamazoo (26 m.) .... Text. Dt->troit Monroe & Toledo... . .. 62 Detroit Hillsdale & S. W ... ,r 65 Kalamaz110 & White Pigeon ... 37 Fort Wayne & Jaokson . .•.. ,r 98 Northern C..ntral Michigan .... 61 -Sturgis Goshen & St. Louis, &c. 45 Grand tot. oper. Jan. 1, 94.1,449 or the main line 499 miles has double track. By control of "Nickel Plate" theLakeShore has still another line from Buffalo to Chicago. ORG.ANIZ.ATION, &c.-A consolidation on Aug. 16, 1869. The N. Y. Ch. & .st. Louis (Nickel Plate) road has been controlled by ownership of ,stock since 1882, Lake Shore now owning $6,240,000 of its common, -$6,275,000 of its 2d preferred and $2,503,000 of its 1st preferred stock. The company also controls and leases the Mahoning Coal ~R. fsee Lake :f!hore "System" below] and owns (besides the entire stock of the pro,prietary lines) $2,000,0 50 Pittsburg & Lake Erie stock. CAPITAL STOCK.-The stock has remained at $50,000,000 since 1871. The guaranteed stock of$533,500 carries 10 per cent dividends. DIVIDENDS.-Since i 1887. '88. '89. '90. '91. '92. '93. '94. '95. 1886. P. Ct. 5 4 4 5 5 612 612 6 6 below. In 18()5, Feb , 3 p. c. BoNDs.-lnterest on the consol. first mort. is paid on coupon bonds J. & J., on registered bonds Q.-J. The first consol. or the bonds prior ·thereto are redeemed each year by $250,000 contributed to the sinking fund. The bonds outstanding are given a.hove less the amounts held in -the sinking funds, which amounted to $5,750,000 Jan. 1, 1894. GUARANTIEs.-In addition to securities in table above, company guarantees by endorsement on each bond $1,000,000 Cincinnati & Springtl.eld 1st 7s, described under Cl. Cin. Ch. & St. Louis. See also Detroit Hilsdale & S. W. and Fort Wayne & Jackson. GENERAL FINANCES, &c.-Vanderbllt road having a large business .greatly dependent on traffl" from competitive points. Nothing has been charged to construction or equipment account since 1883, the outlays therefor char~ed to operating expenses amounting in 1893 to $2,164,619 for new eqmpment and $478,822 for construction, "these items being exclusive of expenditures for renewals. Profit and Jloss surplus Jan. 1, 1894, $12,0Hl,106. LATEST EARNINGS.-For year 1894, Dec., 1894, partly estimated. 12 mos.- Gross. Net. Int., rent., etc. Div'nd~. Bat.,surp. .189-l (est.J .$19,524,945 $6,366,566 $3,360,000 $2,967,990 $38,571'3 1893.. .•. . . 23,685,933 6,562,020 3,365,376 2,967,990 228,654 ANNUAL REPORT.-Fiscal year ends December 31. Annual meeting ·ts held the first Wednesday m May, at Cleveland. The annual report tor 1893 was published in V. 58, p . 754,772. Years1890. 1891. 1892. 1893. Miles operated.... .. 1,445 1.445 1,445 1,440 Total gross earning~ $20,865,760 $21,431,385 $22,415,382 $23,685,932 <>per. exp. & taxes. 14,220,481 14,632,675 15,830,190 17,123,913 Net earnings.... $6,645,279 $6,798,710 $6,612,192 $6,562,019 1,c.ofuo~.ex.to~ar'gs $ 68·15 68·27 70·50 72·29 et, o . oth. o'me 7,144,037 $7,254,333 $7,095,433 $7,021,151 Rentals paid... . .. .. $564,419 $557,153 603,546 $597,395 1Interest on debt... .. 3,225,723 3,204,370 3,201,710 3,173,762 Divid's on guar. s'k. 53,350 53,350 53,350 53,350 6 >2 , 967 , 990 (6 ) 2 , 967 , 990 (6 ) 2 , 967•990 6 >2 •967•99~ Dividends ....•• Burl)lns over divs. $332,555 $471,450 $268 837 $228 654 -(V. 57, p. 6, 342, 894, 1064, 1083; v. 58, p. 384, '754, '7'72, 902, 1073, 1092; v. 59, p. 423, 780, 969, 1104. Lake Shore ~Y•tem .-l'tiaho nlno- Coal RR.-Own.s from Youngstown to Andover, 0 ., and branc'ii, 50 miles. Leased in perpetuity for 40 per cent of gross earnings to Lake Shore, which Jan. 1, 1894, owned $865,900 of its common and $399,500 of its preferred stock. The preferred stock certificates contain a clause making them redeemable at par at option of Company, but it is understood the ,option will not be exercised. Dividends paid on common stock: In 1889 412 p. c.; in l 890, 5; ln 1891, 412; in 1892, Feb. 512; Aug., 3; in 1893, 8 p. o.; in 1894, Feb., 5 per cent; A.ug., 3 per cent. Gross ,earnings in 1893 were $591,877, against $614,502 in 1892; rental, -$245,134; surplus over interest and dividends, $15,228. Lake Street (Chlcaa-o) Elevated.-Owns in Chicago a double• track elevated railway, Market St. from Madison St.to Lake St., thence to the Western city limits, being 625 miles. Road turned over to the company by the contractor March 1. 1894. STOCK, fully paid, $10,000,000; par, $100. On Dec. 31, 1894, floating debt was $051,032. COUPON P AYMENTS.-First mortgage coupons due Jan. 1. 1895, were paid by Ameri~an Trust & Savi1 ,g,i Bauk,. Chicago, con<l:itionalty, ~e ;funds on deposit therefor having been furrushtJd, 1t is said, by pa.rt1es  ·····<   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  <  14,890,000 24,692,000 924,000 400,000 79,000 322,000 610,000 840,000 298,000 300,000 1,500,000 661,850 1,500,000 7,419,000 (1)  7 7 7 5 g. 3 g. 3 g. 6 per an. 5 7 10 p. an. See text. 5 per an. 5 5 g.  Bee text J. & D. F. & A. J. & J. J. & D. J. & D. A. & 0. J. & J. J. & J. F. & A.. F. & A. J. & J. J. & J. J. & J.  . ......  ···,i"g. J. & J. 1,380,000 800,000 5 J. & J. 209,320 5 J. & J. 385,000 A.. & 0. 6 65,000 6 J. & J. 584,000 5 g. J. & J. 100,000 7 J. & D. 40,441,100 See text. Q.-J. 5,000,000 J. & D. 6 6,000,000 M. & S. 7 1,009,000 J. & D. 6 10,400,000 412&6 J. & D. 11,200,000 412 & 6 J. & D. lf>,000,000 4½1?. J. & J.  Feb . 1, 1895 Feb. 1, 1895 Apr. 1, 1898 A.pr. 1, 1899 July 1, 1900 Coupons are paid Dec. 1, 1903 by Treasurer at Aug. 1, 1906 Grand Central Jan. 1, 1940 Stat'n, New York, Dec. 1, 1989 and registered inDec. 1, 1989 terest by Union Oct. 1, 1894 Trust Company. July 1, 1938 Var. toJ'ly,'97 N. Y., Gr. Cent. Station. Aug., 1894 N. Y., Gr'd Cent. Mtat'n. Aug. 1, 1894 N. Y., Union Trust Co. Jan. 1, 1895 do do July 1, 1934 See text. July 1, 1928 July, '93, coup. last pd. N. Y., Nat. Exch. Bank. do do do do ,.. do do do do Philadelphia. Phila., 228 Bo. Third St. Rfili.atofflce; cp.Bk.N.A. P a. Of., 228 So. 3d St. do do Reg.at offlce;op.Bk.N.A.. Phila .• Of.,228 So. 3d St. N.Y.,Merch.N. Bk.&Ph.  i·;  Juiy. "i912 July 1, 1911  fs1'9 ~ ½~H  Jan. 1, 1900 July 1, 1920 Dec. 1, 1907 Bee text. June 1, 1898 Sept. 1, 1910 Dec. 1, 1897 Dec. 1, 1923 Irredeemable. Jilly 1, 1940  (intending to pu1·chase, not pay, the coupons. See status in Vol. 60, p. 43, 81, 1::n. ANNUAL REPORT.-Fiscal year ends Dec. 31. Report for 1894 (10 month-<) was in V. 60, p. 81. For 10 months to Dec. 31, 1894. gross, $428,0l-J5; net, $138,004: interest on bonrls, $276.~58; other int. and taxes, $7,871; bal. deficit for 10 months, $146,725. (V. 60.p,181, 131. La Porte Houston & Northern KK.-Owns road La Porte to Houston, Tex., 22 miles, and Virginia Point (opposite Galveston) to North Galveston, 16 mile•. Under construction La Porte to North Galveston, 16 miles, expected to be in operation about July 1, 1895. H1STORY.-In 1894' absorbed the N 11rth Galveston Houston & Kansas City, North Galveston to Virginia Poiut, 16 miles. Road is projected from La Porte to Sabine River about 145 miles. Will also bridge Galveston Bay on line from Virginia Point to Galveston. BONDS.-The mort~age is for $3,000,000 of 5 per cent bonds, $1,000 each, and are to be lRsued at $15,000 per mile. Union Trust Co. of N. Y. is Trustee. V. 59, p .. 1104; V. 60, p. 43 . Leavenworth Topeka & s. w.-owns from Leavenworth to Meriden Junction, in Kansas, 47 miles. Union Pacific cea1>ed operating this road in March, 1894. C. L. McLellan appointed receiver April 20. Bill of foreclosure filed in April. V. 58, p. 716. or the bonds $690,000 are guar. by U. P., the balance by Atchison. Co1Jpons due Jan. 1, 1894, were not paid. Accounts payable were $1,046,350 Jan.1.1894. In 1893 gross $29,341; deficit from operating, $30,151, agairn"t $30,735 in l 892; interest charges and taxes, $64,108; deficit under charges in 1893, $94,259. (V. 58, p. 430, 512, 716.) Lehigh & Hudson Ktver.-Owns from Greycourt, on Erle Road to Belvidere, N. J., 63 miles. Trackage Pennsylvania RR., Belvidere to Phillipsburg, 13 miles; other milf'age, 3 miles; total 79 miles. Operated, but earnings kept separate and all stock owned, Orange County KR. Hudson Junction to Maybrook, N. Y., on P.R. & N. E. (Pough. Bridge route) 11 miles. In A.u!?:ust, 1888, the Central of N. J. purchased about one-tbird the company s stock, and this, with the stock held by the Lehigh Coal & Nav. Co., controls the road. Car trusts Sept. 30, 1894, $100,305; loans and bills payable, $397,300. Stock, $1,340,000.z par, $100. Warwick Valley 1st mort. covers 15 miles of road; 2a mort. covers 22 miles. ANNUAL REPORT.-Report tor year endi!}g June 30, 1894, was in V. 59, p. 1056, showing gross earnings, $480,856; net, $124-,558; other income (profit Orange Co. RR.) $16,801; interest charges, $ I 33,701; balance, surplus, $7,658. In 1892-3, gross, $507,167; net $156,409. Grinnell Burt. President, 80 Broadway, N. Y. City. (V. 55, p. 298, 543, 935, I 0'76; V. 56, p. 290, 836; V. 57, p. 510, 1082; v. 58, p. 345,864; v. 59, p. 291,421, 1007, 1056.) Lehl~h Valley.-(See Map)-Main line, Jersey City, N. J., opposite N. Y. City, to Buffa10, N. Y., 448 miles; branches to Audenrled, Tomhioken, Hazleton, &-c., 442 miles; Southern Central Railroad, 117 miles; State Line & Sullivan Railroad, 24 miles. Total system 1,031 miles ; second track, 526 miles. Trackage: Penn. RR., 59 miles; N. Y. Central, 10 miles; Penn. Division of Pa. Poughkeepsie & Boston, 26 miles operated temporarily. HISTORY, ETc.-Company opened a through line of its own from New York to Bu1falo Sept. 1, 1892, and discontinued trackage of 188 miles over the Erie. L!~ase to Philadelphia. & Reading for 999 years from December 1, 1891, was terminated Aug. 8, 1893. COAL PROPERTY.-The Lehigh Valley RR. Co. owns 3,619 a.ores of coal lands and all the ($650,000) stock of the Lehigh Valley Coal Co., which in turn owns anthracite coal and surface lands as follows: . Total acres. Ooat acres. Est'd. yield. Owned in fee_ ...•.•.••.••..•..... 15 , 217 7 , 242 124, 000, 000 Perpetually leased ....•.•..•...•. 8,123 5,741 111,000,000 Term leases .....•.....•..••••...• 1,708 1,708 47,000,000 Controls through 11tock owned .. 9,229 4,519 50,000,000 There are 54 collieries, with a daily capacity of about 30,000 tons. The Coal Co. in 1893-94 shipped from collieries owned 2,061,115 tons, against 1,748,545 tons in 1892-93 and 1,454,262 in 18:H-92. DIVIDENDS.- 1 '86. '87. '88. '89. '90. '91. '92 '93. none Since '85. P. ct. 5 4 412 5 5 5 5 514 4 since. BONDS.-The consolidated mort. of 1873 (trustee Fidelity Insurance, Trust & 8. D. Co. of Phil.) is tor $40,000,000, of whloh $12,000,000 are reserved to retire $11,000,000 prior liens when due. The bonds ara issued in three series1 of which the sterling issue, "class A,'' is subje( t i l call at par in increasmg amounts each year, $320,000 being the amount called in 1894. A. second series is composed of the "coupon and reglstered" bonds, which a.re not subject to call, but which prior to Nov. 13, 1893, were convertible at option of holders into bonds of the third ~er1es, these last being annuity bonds and irredeemable, never falling due except in case of default. All these issues are equally secured. GUARANTIES.-Lehigh Valley Railway ao. of New York.-Owns road from Buffalo, N. Y., to near Sayre, Penn., 175 miles double track, and branches to Ithaca, Auburn, Cayuga, etc., 105 miles; total, 280 miles. Stock all owned by Lehig-h Val. RR. Mortgage abstract in v. 51, p. 114 and V. 54, p. 203,965; V. 59, p. 969.) Lehigh Valley Terminal Railw ay.-Owna double-track road from South Plaintl.eld, N. J., to Jersey City, with a bout 125 a cres atJeri-e_v Citv and a large water front there and other property; its stock of $10,000,000   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  MAP OF THE  L.E HIG.H VALLEY RAJLROAD AND  CONNECTIONS. ~  11v.  ~,~✓9.-  ~  00.  1-3 0 ~  ua 00.  ~  rd rd  a 7.  !-3  ,--  ~ !'""I  ~  73  .KAILROAD STOCKS AND BOND~.  JANUARY . 1895. j  Subscribers will confer a great Cavor by giving lln1nedlate notice of any error discovered in these '.Fables. Bonds-PrinolRAILROADS. INTEREST OR DIVIDENDS. Miles D ate Size, or Due A.mount Rate per When Where Payable, and by pal,When For explanation of column headings, &c., see notes of of Par Outstanding Stocks-Last on first page of tables. Road. Bonds Value. Cent. Payable Whom. Dividend. £_ V. (Oon.J-L. V. Ter. lstM. g., gu. p.&i., end.c*&r  Renn. & N. Y.-lst M. end ...... . ............. c*&r. Pa. &N.Y.Gen. M.,($3,000,000 4s) 1-u. p.&i.(end.)r Easton & A.mboy,lst M.Easton to .Amboy,guar. Delano Land Co. bonds, gold, guar. p. &i. (end.) . . Morris Canal stock, 4 p. c., guar. 999 yearF\ ....... Preferred stock, 10 p. c., uar. 999 years ....... L. V.Coal Co.1st M.$12,000, 00,g.s. f.,not drn.c*&r Snow Shoe, 1st mortga~e, not guaranteed .. . .. r L. V. Terminal Railway car tru ts, $1,000,000 . . . .Lexington" Eaatern-lst M., $1,000,000, gold .. c• General mort>! age. See text ......... . ....... . . . r Littte Miam·l --St'k,com.,gu.8 p.c.,99 yrs.,P.C.&St.L. Street con. 2d mort. (now lst.J ..........•........ c  8  0  \;;:s:·<$:foo<i,<iooj ·coii:vei:tii>ie:::: :~  ::~~~~~t Littte Rock ti Mem~his-First mortgage, gold ...••. o Little Schuylkill- tock .. ~ ..........•. - .•.......•.•.. Long Island-Stock ..........................•..•.••. 1st mort., main line, L. I. City to Greenport .... c* 2d mortgage ...................................... c* Consol. mortgage, gold, $5,000,000 ............... General mort11,age, gold ...•...................... c* Metropolitan err-y Co.1st M., gold,red. at 110.c* L. I. RR. mort. on ferry for $2,750,000, gold... c* Mortgage bonds of 1932 for $500,000, gold . ..... Debenture bonds ($1,500,000) not subject to call. New York & Flushing lstmort~age, assumed .... Brooklyn & Montauk 1st M., $2 0,000 are 6s ... c* 2d M., g., assum., Bush. Sta. to Eastp. & brs.o ' Long Island City & Flushing 1st M,. assumed .. o• Consol. mortgage gold, assumed .........•.... o' .New York & Rockaway 1st mort., int. only guar..  31 105 105 60  ....... . ..  .. . .  ---.....  ---·02 ···2 84 84 133 28  ·94 158 180 180  ......  --··  ··-· ··-2 76 76  ---·  .3½  --· --- ·  1891 $1,0001 $10,000,000 1866 1,000 3,000,000 1,000 1888 7,000,000 1,000 1880 6,000,000 1,000 1,200,000 1892 100 1,025,000 ..... 100 1,175,000 ·--1893 l,OOO&c 4,000,000 . ..... 500 500,000 ........ 893,000 iso4 --···· 1,000,000 1894 1,500,000 ···50 ....... 4,943,100 1864-8 1,000 275,000 1882 1,000 1,500,000 1892 1,000 694,000 1887 1,000 3,250,000 .... 50 2,487,850 50 12,000,000 1,121,000 i868 500 1878 100 &c. 268,703 1,000 3,610,000 1881 1,000 3,000,000 1888 1887 500 &c. 1,250,000 1892 1,000 1,500,000 1,000 1892 325,000 1894 1,000 1,275,000 125,000 1880 1,000 1881 1,000 1,000,000 1,000 1888 600,000 1881 1,000 600,000 1,000 1887 650,000 250,000 1871 500  5 g. 7 4&5 5 5 g. 4peran lOperan 5 g. 5 ..!fg. 5 8 per an. 6· 5 7 5 g. 7 per an . See text. 7 7 5 g. 4 g. 5 g. 412g, 4 g. 5 6 5 &6g. 5 g. 6 5 g. 7  A. & 0. J. & D. A. & 0. M.&N. J. & J. F. & A. F. & A. .J. & .J. .J. & J.  N. Y.,Merch. N. Bk.& Ph. Phila ., Bk. N. America. Phila., Lehi~h Val. RR. Phila., Of., 2 8 So. 3d St. do do do do do do N. Y. and Philadelphia. .. .............  Oct. 1, 1941 June,'96&'06 Apr. l, 1939 May 1, 1920 Jan. 1, 1932 Aug. l, 1894. Aug. 1, 1894 .Jan. 1, 1933 Jan. 1, 1910  J. ··&:·.J. Text. Q.-M. Various M.&N. A. & 0. M.& 8. .J. & J. Q.-F. M.& N. F. & A. Q.-J. J. & D. M.&N. M.& 8. J. & D. J. & D. M.& 8. M. & 8. J. & D. M.& N. M.&N. A.. & 0.  N. Y., Cent. Trust Co . Text. Cinn.,Offlce, 1st Nat.Bk. do do N. Y., Bank of America. do do See text. Phlla., Of., 410 Walnut N. Y.,CorbinBank'gCo. do do do do do do do do do do do do do do do do do do do do do do do do do do do do  Jan~· ·1900 1935 Dec. 10, 1894 1898 Nov. 2, 1912 Apr. 1, 1932 Sept. 1, 1937 Jan. 11, 1895 Feb. 1, 1895 May 1, 1898 Aug. 1, 1918 July 1, 1931 June 1, 1938 Nov. 1, 1937 Mch. 1, 1~22 June 1, 1932 June 1, 1934. Moh. 1, 1920 Moh. 1, 1911 June 1, 1938 May 1, 1911 May 1, 1937 Apr. 1, 1901  I  1:  l8 owned by the Lehigh Valley RR. (See V. 53, p. 640, 880.) Centra.l tral Trust Co., N. Y. In January, 1895, $3,049,000 bonds had been de Trust Co. trust-ee. Car trusts Jan. 8, 1895, $893,000. I posited and receipts were listed on N. Y. Exchange. Morris Oanal. - Leased for 999 years and dividends guaranteed. STOCK, $3,250,000; par $100. In 1892 gross earne., $519,230; net Bonds all owned by Lehigh Valley. Water·shed supplies city of Newark $47,181. In 1R91 gross, $709,083; net, $186,345.-IV. 58, p. 550, 636 with water. See V. 50, p. 137. V. 59, p. 742, 969, 1007.) Pennsylvania <I New York Oanal ti Railway.-Leased for 99 years Little Schuylk.ill.-Owns :fyom Port Clinton to Tamanend, 28 from December 1, 1888, to Lehigh Valley, which has assumed its debt il L d Jul 7 1868 t 0 Ph"l di f 93 1 d 1 hi & R and owns all its stock. General mortgage bonds of. 1889 (trustee, Girard m es. ease Y ' ' a e P a ea ng or years. Lite Insurance Co.) are reserved to take up prior bonds when due. Long Island.-Operates practieally a.11 the steam eurface roads on Long Island, adjournmg New York City, the system including: Lehigh Valley Ooal Oo.-See "Coal Property" above. · OwnsMiles. Leases- (if Which see.) Mile•. FLOATING DEBT.-Company reported floating debt Jan. 8, 1895, as $2,875,000, ai:;amst $3,-;'10,000 on Nov. 30, 1893. To meet tbis debt Long Island Citr to Greenport. 95 New York & Ro ,·kaway........ 9 Long Island City to Gt. Neck .. 14 N. Y. B'klyn & Man. Bea.eh ,r ... 20 and such future expenditures for new propt!rties, extensions and -equipment as may properly be charged to capital account, the company Bushwick to Sag Harbor . ....•. 97 Sundry branches ..• _ ••. __ .. _.. . 97 Total. ................•.•.... 361 held: L. V. co11sol. 6s, $850,000; L. V. Coal Co. 1st 5s, $8,072,000; Double track ...............•,. 91 Schuylkill & Lehigh Val. 1st 5s, $2,000,000; Morris Canal & Banking Total owned....•••. ·-·······303 1 Ope1·ates-earnings kept separate. Co. 1st 6s, $500,000; Lehigh Val. Terminlll Ry. oar trust., $893,000; LeasesIN. Y. & Rocka.way Bea.<'h RR.,r 12 bills receivable and other mortgages, $1,555,154; total, $13,870,154. Brooklyn & Jamaiea RR....... 10 Prospect Pk. & Coney Island. ,r 13 GENERAL FllUNCES.-In Jan., 1895, the Lehigh Valley owned $8,072,- North Shore Branch RR.......• 19 -000 Lehigh Valley Coal Co. bonds, the balance having been sold. ORGANIZATION, STOCK, ETC.-Control was acquired . in December, Dividends had been paid regularly for 35 years, when in 1893 the Oot1880, by the "Long Island Company," controlled by Austin Corbin ober and subsequent dividends were omitted. In November, 1894, contracted for 2,000 new coal cars, ot 60,000 and others. [n July, 1881, the stock was increased from $3,260.700 to pounds capacity each, to be owned by the L. V. Terminal Ry., whose $10,000,000, and in 1889 to $12,000,000 to purchase Brooklyn & Mont'k. A controlling interest in the stock of the Pros. Park & Coney Island car trusts tor $1,000,000 were to be issued theretor. -which see-was ac.quire.d in 1893. See also V. 56, p. 42. In February, ANNUAi, R~PORT.-The fl.seal year ends November 30. The report for 1893, the company bought, and issued a mortgage for $500,000 upon 1893-94 was in the CHRONICLE, v. 60, p. 79. the Stewart RR. In May, 1893, the Montauk Extension RR. Co. was Year ending Nov. 30- 1894. 1893. 1892. 1891. organized, with capital of $500,000, to build to Culloden Point, 25 miles. Earnings from coal..... $8,391,542 $9,225,027 $8,679,884 DIVIDENDS.-In 1882, 1; from 1883 to 1890, both inclusive, at the Miscellaneous freight.. 5,982,858 6,009,420 d:> 5,944,820 rate of 4 per cent per annum; in 1891, 412; in 1892, 5; in 1893, 5 p. e.; Passengers.............. 2,104,677 2,606,026 rd 2,149,298 in 1894, Feb., 114 p ; c.; May dividend reduced to 1 p. c. on aceount o! Mail, express, etc....... 851,517 770,304 g i,.; 554,307 general depression in business and extraordinary expenses; Aug., 1 p.o.; rd oS $l 7, 328 , 309 Nov., 1 p. c.; in 1895, Feb., 1 p. c. ,v<V Total ~oss ...•.•... $17,330,594 $18,610,777 BONDS.-Central Trust Co. is trustee of general mortgage of 1888. -==~ _13,075,909 Op. exps.,mcl. rentals.. 13,320,829 12,705,360 ____ The ferry mort(lage for $2,750,000 covers all the real and per1:,onal $4 252 400 property pertain.mg to the company's ferries (34th Street and James ,t:: +> Net earnings..... . .. $4,009,765 $5,905,417 1;581;951 Slip); $1,250,000 bonds bein~ reserved to retire the Metropolitan Ferry Inc.frominvest.,&c. net 841,492 363,233 ~~ mortgage. Trustee Central Trust Co. See V. 54, p. 597. <l)'H <l) The mortgage 4per cents of 1892 are secured by purchase money lien. Total net income... $4,851,257 $6,268,650 $5,834,351 lll:;:l Debenture bonds for $1,500,000 were authorized in 1894 to provide South'n Cen. proport'n. 21,748 25,684 2,817:240 for improvements made during the year or now in progress. Interest on debt ..•.•. 4,273,740 4,179,860 <ti Gen·1 exp., incl. ta..x:es.. 428,699 522,377 723,510 GUARANTIES.-ln addition to guaranteed bords in table above the 2,070,370 Long Island guarantees bonds of the following companies-which see. Dlvidends ... -·····-·-·· 1,016,343 ~ - - - - - New York Brooklyn & Manhattan Beach, New York & Rockaway Balance, surplus.···-$127,070 $524,386 $266,231 Beach and Prospect Park & Coney Island. 510 548 638 853 854 893 979 v 58 p 80 12~ 127 The L. I. RR. North Shore Branch Company's bonds are an absolute (V 57 -223,· 306; ' p.V. 59,' p. 834, ' ' ' ' ' ; V.· 60,' p.· 43, ''79, a, for $75,000 dSmithtown & Port Jefferson bonds 918, 968, 1058,1104; 131.) ' first t 1nortga~e (except d no yet exc ange ) upon the roa from NorthJ.>ort Junction to Port Lexington & Eastern.-Owns from Lexington, Ky., to Jackson, Jefferson, 19 miles, and on the easterly extension of 12 miles, which Ky., about 92 miles. A reorganization of the Kentucky Union, sold is to be built with bonds held 1n reserve. The bonds are unconditionin .roreclosure in March, 1894. Stock is $500,000. Mortgage ally guaranteed as to principal and interest, and are so endorsed. trustee, Central Trust Company, New York. General mortgage is for Mortgage trustee is Central Trust Company. V. 55. p. 322. · $2.500,000, of which $1,000,000 reserved to retire the :firsts; trustee, The New York Bay Extension RR. bonds (Central Trust Co., trustee), Continental Trust Co., New York. Interest on generals for first 5 years will be a first mortgage on about 17 miles of road from Garden City is payable only if earned, at Continental Trust Co., N. Y., on first day of to Manhattan Beach RR.; 6 miles now built; total authorized, $600, February and August. (V. 59, p.697.) 000. Capital stock, $600,000. See V. 57, p. 723. Litchfield Carrollton & Western.--Bee SUPPLEMENT of BepGENERAL FINANCES.-In the spring of 1894 $1,275,000 debenture 58. tember, 1894. were sold, and a like amount of loans and bills p ayable issued for i.in Little Mlaml.-Owns from Cincinnati, o., to Springfield, o., 84 provements were retired. On June 30, 1894, mortgages on real estate..t. miles; branch, Xenia, O., to DaytonJ.. O., 16 miles; leases, Columbus & $291,238; e 1 tuipment trust, $366,195; the funded debt in year 1892-9iS Xenia RR., Xenia, O., to Columbus, uhio, 55 miles; Dayton & Western increased $!,20,000. Renewals are being made with 76 to 80·pound RR., Dayton, 0., to Indiana State Line, 38 miles; Ohio State Line to steel rails. .\.s ~o New York & Long Island Bridge, see V. 59, p. 969. Riohmond,Ind.,4 m.; Cin. St. Connecting RR., 2 m.; tot. operated, 199 m. L.A.TEST E.A.XNINGs.-July .1 to Sept. 30, 3 months. LEA..SE.-011 Dec. 1, 1869, leased to Pittsburg Cincinnati & St. Lottie, 3 mos. Gross. Net. 0th. inc. Int., rent., ta:z:. Bal ..rnr (now Pittsburg Cincinnati Chicago & St. Louis) for ninety-nine years, 1894 ..... $1,405,472 $633,475 $66,398 $288,586 $411,287 renewable forever. The Penn. RR. Co. ls a party to the contract and 1893..... 1,450,515 623,147 51,448 258,825 415,770 guarantees its faithful execution. Rental is 8 per cent on $4,943,100 ANNUAL REPORT.-Flscal year ends June 30. Annual meeting is held stock and interest on debt. There is $100,000 6 per cent permanent the second Tuesday in April. Report for 1893·94 was in v. 59, p. 834. capitalized debt; interest J.- & J. Lessee's report for this road shows In year 1893-94 of the gross $2,353,569 was from passengers; net loss to lessee: In 1887, $298,405; in 1888, $421,355; m 1889, $1,309,228 from freight; balance, mail, express, &o. , $385,873; in 1890, $384,451; in 1891, $452,748; in 1892, $230,636; in 1893, $204,871. Stock authorized, $8,000,000. Year ending June 30- 1891. 1892. 1893. 1894. BONDS.-ln January, 1890, stockholders authorized $3,000,000 7 per Gross earnings ...•.... $4,061,899 $4,171,524 $4,300,336 $4,143,433 <,ent bonds (to be issued to the lessee from time to time in payment for Operating expenses .. 2,529,239 2,734,416 2,833,892 2,690,085 betterments), and also $3,000,000 stock, into which the-bonds shall be N t · $1 532 660 $1 437108 $1 466 444 $1453 348 convertible. Early in 1894 $694,000 of thes·e bonds were issued. .July e earnmgs. ··• •• • ' • , ' , • • 1, 1894, $250,000 firsts falling due were paid. Total net ,r ......... _•. $1,593,257 $1,518,246 $1,593,189 $1,555,746 Little Kock &; Diemphis.-Owns from Little Rock, Ark., to Missls· Interest on bonds. .... 528,043 556,705 576,859 589,528 131, 276 130, 878 155 , 563 172 ,7 2 6 11ppi River, opposite Memphis, 133 miles. Of the coupons due Sept. 1, T~xes. ........ . ........ 175, 582 211 , 633 178 , 603 24 0,768 1892, part only were paid. (See V. 56, p. 463.) In June, 1893, Rudolf Rentals.. ·············· Fink was appointed receiver. Extension, Little Rock to Wistar June- Interest and discount. 25,191 28,8'.74 29)839 33,069 434 6 nd 4 48 6 5 tion, I. T., proposed. Foreclosure sale will take place in February, Divide s ..•••. ··•·•• < ) 0,000 ~ 00,000 < ) 00,000 ( ) 57 o,ooo 1895. Balance, surplus.. $253,165 $23,186 $19,295 def.$50,345 REORGANlZATlON.-Bondholders' committee consists of F. P. ,r Includes net profits from ferries. Olcott, Chairman, 52 Wall Street, N. Y.; Au austus D. Juilliard,-.rames ·-(V.56, p. 42, 164, 247, 6U8, 625,973; V. 57, p. 510, 594, 80'7, 936; H. Smith, Henry De Coppet and Henry K. 8heldon. Depositary, Oen• V. 58, p. 307, 682,816; v. 59, p. 599, 834,879,969, 1105.)   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  I  ~:a IX)  ,;~  74   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  INVESTORS'  SUPPLEMENT.  RAILROAD SYSTEM. •••  [Vor.. lX,  RAILROAD STOCKS AND BONDS.  J .A.NU ARY, 1895. J  Subscribers -will conCer a great f'avor by giving hnined.late notice of any error discovered In these Tables. Bonds-PrinotRAILROADS. INTEREST OR DIVIDENDS. pal, When Due_ Miles Date Size, or Par For explanation of oolumn headings, &o., see notel! of of Stocks-Last~~~~g Rate per When Where Payable, and by on first page of tables. Road. Bonds Value. O Cent. Payable Whom. Dividend.  Long I'd RR.-(Ooncl.J-~mlth.& Pt.Jeff.1st M.,gu.  L.I.RR. North Sh. Br.consol.M.$1,500,000,gua,r.c~ N. Y. Bay Ext. RR. 1st M. gold, gu. p. & i., end.. o Louuiana Western-1st mortgage, gold ........... c* .Lo-uis'll. Evans'O. ti St. L. Oonsot.-lat mort.E.R.&E. 1st mortgair~. gold.. ....... .... ............ ...... c* 2d mort., with voting power, gold, unassented.cr Hunt. Tell. City & C. RR. 1st mort. gold, guar.c* Illinois & St. Louis lat mortgage ............ .. .. c* Ven.&Car. lstMs.,dueDeo.,1900&.A.pr.1,1902.o~ L. E. & St. L. consol. mort., gold {$8,000,000) .. ~· General mort~age for $15,000,000, gold ........ o*  Lou'i-!nJille ti Nashoitte-Btock ........ ................  Consol. 1st mortgage (now 1st lien) ............. o* Memphis&Ohio 1st M.,Paristo Mem. ,g.,guar .. o~ Mem.Clarks.&L.lst M.,.£,Guthrie to Paris,Tenn.o 1 Cecilian Br.lstM.,Cecil. to Louis.,s.f.,dr'nat 100.c~ E.H.&N.lstM.. H enderson to Nash.,g,dr'n at 110.c* Louis. & Nash. general M., gold, drawn at 110. o* 10.40 A.djufltment Mort., gold (red. aft. 1894).o* L.C.&Lex.-Loui~. &Frankf.and Lex.&Frankt} Cln. branchjoi11tbonds, lRtM.,s.f.(notdr'n)o" L. C.&Lex. ~d m. s. f. notdr'n, Louis.toNewp't.c• L. & Nash.bds.,S.&N . .A.la.RR., 2dm. as col.~old.o* Pensacola DiviRion 1st m.W,old (dr'n at 1 5) .. c* N. 0. & Mob. Div. 1st M., .O.to Mobile, gold.c* 2d M., N. 0. to Mobile, iold.................. o* Southeast & St. L. Div. ls Mort., gold......... o* 2d M., gold, East St. L. to Evansville & br .. o* General mortgage L. C. & L., gold ............. o~ 1st M. (50.year s), $15,000 p. m., gold........ o• 1st mortgage, collat. trust ($7,000,000), gold.o• Untiled mortgage for $75,000,000, gold .. .. o*&r  - - ---  l 196{ 112 72 182 182 24 20 7 353 353  419  1871 1892 1893 1881 1881 1886 1886 1887 1875 1880.2 1889 1893  1868 1871 1872 1877 1879 1880 1884 1867 1877 1880 1880 1880 1880 1881 1881 1881 1887 1888 Text. 1890 130 83 46 151 802 785 175 175 189 45 141 141 208 208 175 118  $500 $75,000 7 1,000 1,075,000 5 g. 1,000 200,000 5 g. 1,000 2,240,000 6 g. 1,000 900.000 6 1,000 2,000,000 6 g. 1,000 670,000 6 g. 1,000 300,000 6 g. 200,000 500 8 1,000 300,000 6 1,000 3,797,500 5 g. 1,000 2,076,850 4 g. 100 52,800,000 See text. 1,000 7,070,000 7 3,500,000 $&.£ 7 g. .£200 1,99H,660 6 g. $1,000 680,000 7 2,120,000 1,000 6 g. 1,000 10,985,000 6 g. 1,000 4,531,000 6 g. 1,000 2,850,000 7 100 &c. 892,000 7 1,000 1,960,000 6 g. 1,000 580,000 6 g. 1,000 5,000,000 6 g. 1,000 1,000,000 6 g. 1,000 3,500,000 6 g. 1,000 3,000,000 3 g. 1,000 50,000 6 g. 1,000 1,764,000 5 g. 1,000 5,129,000 5 g. 1.000&o 14,974.000 4 i;!.  M.& 8. N. Y., Corbin Bankg Co Q.-J. do do J. & J. do do J. & J. N.Y., 8. Pac.Co., 23 B'rd J. & J. July,'94,pd. .A.u . 30,'94 A. & 0 . .A.pr., '94, coup. aRt pd. .A.. & O. Apr., '94, coup. last pd. .A.. & O . .A.pr., '94, coup. last pd. J. & D. June, '94, conp. last pd. Various See text, J. & J. July, '9:i, coup. last pd. M. &8. Sept., '93, coup. last pd. F. & .A.. .N. Y., 120 Broadway. .A.. & 0. do do J. & D. London and New York. do F. & A. do M. & 8. N. Y., 120 Broadway. do do J. & D. do do J. & D. M.&N. do do J. & J. d9 do do A.. & o. do A.. & 0. do do M. & 8. do do do do J. & J. J. & J. do do M.& 8. do do M. & 8. do do M.&N. do do M.&N. do do M.&N. do do ,J. & .J. do do  1  Se~t. 1, 190b'  Oc. Jan. July June-  1~ 193~ l~ 194:J: I, 1921 1, 192ll {)(>t. 1, 1926i Oct. 1, 1936i Oct. 1, 192T June 1, 1895. 1900-1902  July 1, 19~ Mar. 1, 1943· See ten .A.pr. l, 1898 June 1, 190:n Aui, 1, 1902: Mc . 1, 19071 Deo. 1, 191!5' June 1, 193& Nov. 1, 192~ Jan. 1, 1897 Oct. 1, 1907' ~ - 1, 1910 oh. 1, 1920 .Jan. 1, 1930 Jan. l,. 1930 Mcb. 1, 19211 Moh. 1, 1980 Nov. 1, 100-1\ May 1, 193'7 Nov. 1, 1931 .Jnly 1. 1 ll40  Los A.ngeles Termlnal.-See SUPPLEMENT of September, 1894. July 1, 1894, $2,200,000 was held in the treasury. Furtitei'· fn-crflm,(b in stock to $60,000,000 authorized in Nov., 1893. V. r'>7, p. 59,6,.8-09. Louisiana Western.-(See Map of Southern Pacific.)-Owns from DIVIDENDS since 1880.-In 1880, 8, and 100 per cent in s1lock; t Lafayette, La., to Orange, Texas, 112 miles. Operated under lease by the Boutllern Pa.c.itlo Co., which owns all but $50,000 of the $3,360,000 1881. 6: in 1882. 3: iJI 1888 and 1889. 5 in stock; in 1 R90. 6, of whlea, stock. The lessee pays all charges and turns over to this company 7 4ll1o in stock ;_in 1891, 5 in cash; 1892, 4 p. c.; in 1893, Feb., 2 p. c.; Aug., 2 p. c.; m Feb., 1894, none; Aug. , none. See V. 58, p. 81. per cent of the total net profits under the omnibus lease. BoNDs.-The 10-40 adjustment mortgage of 1884 {trustee, Centrall EARNINGS.-10 months, i 1894 ..... ... gross, $801,787; net, ~378,874 Jan. 1 to Oot. 31. 5 1893 ... . .... gross, 913,471; net, 431,014 Trust Co,) besides 783 miles ot road covers $28 11621700 ot stocks and: bonds. See V. 39, p. 409, aud V. 51, p, 463, In 1893 gross, $1,106,144; net, $529,708 ; surplus over charge!'!, The Evansville Henderson & Nash1,ille bonds are drawn at 110 by lot $387,389; amount of net profit due this company, as per lease, $185,299. annually in October, for payment Dec. l: $30,000 a year till 1895, then In 1892 gross, $1,098,470; net, $549,073. increasing each tl.ve years until $150,000 per year is tlnally reached. Louisville Evansville & St. Louis Consolldated •.....:.Operates The Pensacola Division bonds are subject to a drawing sinkinJr funtl Louisville, Ky., to Ea.st St. Louis, ill., 275 miles; branches to Evans• $5.000 till 1900, inclusive, then $10,000, and so increasing. Tille, Rook port, etc. m Indiana, 93 miles; total, 368 miles, of which The general mortgage bonds or 1880 are subject to call at 110 for 31, 353 miles owned and 16 miles trackage; 345 miles are steel, from 56 to sinking fund tlta.t amounts each year to 1 1·10 per cent of all boDd.81 70 pounds. Also owns Venice & Carondelet, leased to East St. Louis issued, plus the interest accrued on all bonds so drawn-about, Connecting, 7 miles. Portions main line operated under trackage $223,000 in all in 1893·94. rights; Louisville to New Albany, 6 m.; Walnut Hill to Centralia, 7:lg m. In June, 1890, the "itnified" mortgage (trustee, Central Trusi ComORGANIZATION.-A oonsolidation in 1889 of the Louisville Evansville pany) for lfl75,000,000 was authorized, $41,917,660 bonds being ~ served to retire all prior liens (none of the prior liens oan be extend'ed),. le St. Louis and other companies. It belonged to the "Ma.okay" system. the balance for improvements, extensions {at the rate of $32',000 pell' RBCEJVERSHIP.-On Jan. 4, 1894, E. 0. Hopkins and James H. Wilson mile, including eqwpment), and for other purposes. The mo:rligage oovwere appomted receivers. V. 58, p. 43. Charles S. Fairohild, 46 Wall ers (besides 1,080 miles of road and its eqmpment) $16,209,700 stoolR St., N. Y., is chairman of bondholders' committee. V. 58, p. 82. F ,,rof companies controlled, which is subject only to the 10.40 adjustmMW mal foreclo'!ure prooet'dings under oonsol. mortgage were commenced mortgage, . and $6,498,400 stock and $1,100,000 bonds free from ,..,.,v in Dec., 1894. V. 59, p. 1141. lien. See abstract of mortgage in V. 51, p. 613. N. Y. Stock Exe~ a-,e Venice & Carondelet interest due Oct. 1, 1894, was paid by N. Y. reports $12,975,000 a.a listed to January, 1895. !eourity & Trust Co., N. Y. See also V. 59, p . 600, and table above as As to Kentucky Oentral mort~age (Metropolitan Trust Co. or Ne.-w to coupons pa.id and unpaid. York, trustee), see abstract V. 4.>, p. 372. The Pensacola <I Atlantic was purchased at foreclosure sale 1n 189lp CAPITAL 8TOCK.-Common stock issued, $3,790,747; par, $100. {See and,its outstanding first mortgage bonds for $2,000,000 were asV. 56, o. 289, 413.) In December, 1894, $463,462 vrefd. outstanding. sumed. They are subject to call for the sinking fund a-t 110, and a.re BoNDs.-.A.bstract of consolidated mortgage in V. 49, p. 208. being gradually retired. Of the general mort. 4s, in Jan., 1894, $2,076,850 had been issued Gu AR..\NTIES.-Besides bonds in table, the Louisv. & Nashv. is responsiIn exchange for preferred stock, settlement of E. & T. H. aocount, etc., $577,000 were h eld as collateral for loans and $695,400 were in hands ble for $2,100,000 bonds and dividends on $2,305,E 82 stock of Nash ville of trustees to be issued for preferred stook. Or. Nov, 19, 1894, the Stock & Decatur (which see); for $9,873,830 bonds South & North Alabama (see that company); for intere~t on $300,000 So Div. Cumo. & Ohio., Exchange reported $2,432,000 listed. <Bee V. 56, p. 289, 413.) GENERAL FINANCES.-The receivers report dated March 4, 1894, and tor $2,096,000 Nashville Florence & Sheffield bonds-see that co•y~ GENERAL FINANCES. &c.-The Louisville & Nashville system has etated that about $1,000,000 should be expended during the next six yea.rs to put tile road in condition for its sare and economical opera- been developed in its present extensive form since 1879. From F e ~ ary, 1888, to 1890 stock dividends were paid to rer;,resent surplus earntion, $ 137,000 being needed in the year 1·8 94-95. On Jan. 5, 1894, current liabilities were $801,116; current assets, ings. The August, 1890, dividend was paid partly m cash, and all sinoe that date in cash. .A.s a precautionary measure no dividend was pa.id in not including materials on hand, $229,759. EARNINGS.-11 months, 51894, gross, $1,292,898; net, $269 107 Feb., 1894, and none since. I~ 1889-90 the stock was increased $13.,000,000 ror the purpose of'. Jan. 1 to Nov. 30. { 1893, gross, 1,556,936; net, 446;366 retll'ing ~he 6 per cent collateral trust bonas of 1882. lbls reduced the, REPORT.-Fiseal year ends June 30. Receivers' report shows : annual mterest charge by $600,000, and the sinking fund charge by· . Yrs. J1tne 30. <h·oss earns. Net. Otherinc. lnt.,laxes, <Ee. Balance. $100,000. in all $700,000. 1892-93 ........ $1,786,4.84 $574,588 $19,200 $683,829 def.$90,041 On June 30, 18!l4, current liabilities were $4,465,629, including 1891-92 ........ 1,411,552 328,265 21 ,600 606,676 def.~56 811 $924,996 bills nayable and $1,208,220 contracts payable-ourren 1890-91. ....... 1,4fi2,973 507,374 21,600 521,664 sur.7;310 asset8? $4,554,904, includi ng $598.220 cash and $2,200,000 L. & N. 1889-90. .. .. . .. 1,151,412 443,671 21,600 396,296 sur.68,975 tock 1n trea,snry. On s... pt. 30 bills payable and contracts payabl& -(V. 57, p. 170; V. 58, p. 43, 82, 595, 864; V. 59, p. 372,600, 1141.) had bef<n reduced to $1,200,000 out of current receipts. D 1ting from. Sept. 30, 1894, t_r1e "construction account" bas been closed. Items. Louisville & Nashvllle.-(See Map.)-R0AD.-Operates main line formf\l~y appearrn~ under this bead will now be charged directly tooperatmg expenses. See V. 59, p. 969. from Cincinnati. 0., to New Orleans, La., 921 miles, with branches to St. Louis, M.o., Memphis, Tenn., etc., 2,034 miles, making total system LATEST EARNINGS-5 mos.,} 1894, grOS!'I, $8,476,4- lS; net, $3,376,251 proper June 30, 1894, 2,956 mUes; all except 167 miles laid witb July 1 to Nov. 30. 1893, gro s, 8,081,07:.i; net, 3,179,596steel rails . In l!-i93·94 tile Lo11i .. ville Ry. Transfer, 4 miles, was ab• Estimated results for the 6 months ending Dec, 31, 1894: sorbed. The system, well portrayed on accompanying map, includes: 6 mos. Gross. Net. OtkP.r IntJ. Fixed Ohgs. Net Inc. Lines owned absotnlely 01· Reported separately. Miles. 1894 est... $10,19~,475 $4,101,251 $179,844 $2,820,4iO $1,460,68~ thrott!l_h entire capi~at stock. Mil,s. ,i Na.sh vµ_Ie Flor. & Sheffield .... 105 1893 act'l 9,75::>,923 3,874,577 161,940 2,850,713 1,185,804, Louisville to Nashville....... 185 fiNashville Chatt. & St. Louis .. 884 From net income f(!r 1894 deduct: Loss on Georgia RR. and otherSunory other lines ........... 2,421 ,rHendersou Bridge . . . . . . . . . . . . 10 Lines teased, cfc. ,rGeorgia Railroad system .... . 721 roads, $41,467, agamst $72,124 in 18ll3; sinkin"' fund payments ,TNashville & Decatur........ 1191 Operated for other co's ..... ... 88 $283,000; construction, etc., $32,116; advances to 'south & North A.la.~ RR. {charged otf,,.$697,669; t otal deductions, $1,054,252, l eav'If South_ & North .A.la. RR..... 182 Owned but leased to other co's. 67 !Jama. mg balance surplus, $406,433. See V. 60, p. 82. Other lines. ... ................ 49 mSee this company.) . ANNUAL REP0RT.-Fiscal year ends June 30. Annual meeting is held Total system proper ...... 2,956 Total of all June 30, '94 . .4,831 1~ Lou_isville ~he first Wednesday in October. Report for 18~3-94 wae ORGANIZATION, LEA.SES, &c.-The Louisville & :Nashville was char- g1ven m full m V. 59, p. 599,602. See also editorial p. 580. Year end. June 30. 1891. 1892. 1893. 1894. tered March 2, 1850, and opened between Louisville and Nashville November, 1859. Tne system has oeen mcreased to its present size by Average mileage.... 2,251) 2,857 2 943 2 956. leasing and absorbing other road,;, and by building extensions. The $ $ '$ '$liabilities for interest on the auxiliary roads are treated mostly as be- Freight earnings .. .. 13,113,965 14,604,220 15,450,163 12,90t1.rr4 longing directly to the Louisville & Nashville Co. .A. list of the secu• Passengers.......... 4,800,688 5,137,017 5,213,533 4,600,961. rities owned and in the sink'g fund June 30, 1894, was in V. 59, p. 608. Mail, express, etc... 1,306,076 1,494,444 1,739,943 1,472,262 In December, 1890, the stock of Kentucky Central was acquired. For Henderson Bridge see Miscellaneous Companies. Gross earnings .... 19,2zu,129 21,235,721 22,403,639 18-,974,337 In November, 1893, oontrol of the C. O. & S. W. was purchased by Transportation ... } 8,758,383 9,876,679 10,163,578 the Illinois Central for account of Louisville & Nashville, but in July Ma.int. of equip . . . 1894, the courts decided that purchase or the C. 0. & S. W. by the L. & ofway,&o.. 2,097,670 2,404,712 " 2,570,492 2,044,412 N. would be unconstitutional, an<t in December the Illinois Central de· General.............. 1,202,391 1,510,731 1,648,573 1,805,211 cided to accept sole rel:!ponslbility for the purchase. V. 59, p. 1006. Total oper. expen. 12,058,444 13,792,122 14,382,643 tl,863,78:ft 8TOCK,-In July, 1891 it was voted to increase the stock from $48,000,000 to f!55,000,000 tor purchase of Kent. Cent. RR., &o. Of the new Net earnings ........ 7,16~,284 7,443,599 8,020,996 7,110,5~2 at-0ok '4,800,000 was taken by stockholders of July 21 at 70, and P. ct.of exp. to ea.r'i' gs 62·74 64·95 64·20 62·53.   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  I I  ----  t f:~i:il~  INVESTORS' SUPPLEMENT.  ..   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  LOUISVILLE, \ .NEW ALBANY & CHICAGO RAILWAY  [VOL, LX,  JANUARY, 1895,J  77  .RAILROAD STOCKS AND BONDS~  Subscribers will conCer a _great Cavor by giving lrnrnedlate notice oC any error dlscevered In these Table•.  Bonds-Prtnet INTEREST OR DIVIDENDS. _ _ _ _ _ _ _R_A.I_L_R_O_AD __ S_.- - - - - -1Miles Date Size, or Due: Amount Rate per When Where Payable and by pal,When Stocks-Last For explanation of column headings, &c., see notes of of Par Outstanding on :first page of tables. Road. Bonds Value. Cent. Payable Whom. Dividend. Louisv.  ~ Nashv.-(Oon.J-Louisv.Ry.Trans. lstM. Pens.&At. lsti M .. gold,s.f.,dr'n at llOassumed.c* Kentucky Central-Coving. &Lexing. mort, ext. Maysville & Lex. RR. mort., Maysv. to Paris ... Ken. Cent. new mortgage ($7,000,000) gold.. c* LouisvilleNew A.lb.cf Ohic.-Stock, $4,500,000ispref. 1st M. Lou. Div.-New Albany to Mich. City . .. c* 1st M., Chic. & Ind'polis Div.,Chic. to Ind.,gold.o* Consolidated mortgage (for $10,000,000) gold.o* General mortgage, $25,000 p. m., gold .......... c* Equipment notes on June 30, 1894 ...........•••. Equipm't s. f. bonds, gold,$1,000,000, see text.c* Loitisville St. Loitis cf Texas-1st mortgage, gold .. o"" 1st consol. mort., $5,000,000, gold .....•........ c* Lykens Valley-St'k,lOp.c.rental, 999 yrs. Nor.Cent. Lynch. cf Dur.-lst M.$3,000,000, $20,000 p.m.,g.o* Macon cf Birrning.-lst M.. for $20,000 p. m., gold .. .Muwr, cf Northern-lstM. gold, gu. p.&i.(end.) .. . o* Maine Oentral-Stock . .............................. . Port. & Kennebec con. M., Port. to Aug. & brch .. c Me. C. loan for $1,100,000, Danv. Jc. to Bangor.c ExtensionlstM., gold, Cumberl. June. toDan .. c Leeds & Farm. RR. 1st M., Leeds to Farmington. c Me.C. 1st M., cons., A. B. C. D. ($269,500 5s) ... c* Do do do ($546,000 4s) .•. c* Collateral trust bonds for Mt. Desert Branch .... o Sinking fd. 10-20s,gold, red.on or aft. Feb. l.'95.c Improvementbonds,"A" and "B." gold, notmort. Me. Cent. Eu. & No. Am. refunding mort., gold ... European & N. Am. stock, 5 p. c. rental 999 years Portland & Ogdens. stock (2 p. c. rental, 999 years) 1st mortgage. gold, interest guar ......... _...•. o Consol. M. $20,000 p. m. (guar. by end.) . ... .. .. c  i60  80 49 220  288  $ .. ... .  1881 1855 1876 1887  isso  158 512 512  1881 1886 1890  122 166 21 115 97 107  1887 1892  · 72 109 18 36 i 304 5 41  .56 114 109 62 107  i894  isoo  1890 1891  i865  1868 1870 1871 1872 1872 1883 1885 1886-7 1893  1,000 1,000 1,000 1,000 100 1,000 1,000 1,000 1,000  i:ooo  1,000 1,000 20 1,000 1,000 1,000 100 100 &o. 100 &c. 500 &c. 100 &c. 100 &c. 100 &c. · 1,000 1,000  i:ooo 100 1 isfo 500 l~. 1888 1,000  $286,000 1,905,000 219,000 400,000 6,523,000 13,500,000 3,000,000 2,300,000 4,700,000 2,800,000 589,739 See text. 2,800,000 1,613,000 600,000 2,012,000 1,940,000 2,200,000 4,984,800 818,900 756,800 496,500 633,000 4,193,400 2,070,000 674,000 600,000 450,000 1,000,000 2,488,700 4,381,883 800,000 1,319 000  M.&N. N. yal20 Bro~~way. May 1, 1901 8 6 ,g, F. & A. Aug. 1, 1921 June 1, 1895 5 J. & D. do do J. & J. do do Jan. 1, 1906 7 4 g. J. & J. July 1, 198? do do N. Y., Office, 80 B'way. See text. See text. J."·&··J. N. Y., Chase Nat. Bank. July 1, 1910 6 6 g. F. & A. do do Aug. 1, 1911 6 g. A. & 0. Apr. 1, 1916 do do May 1, 194C 5 g. M.&N. do do 6 1894 to 1899 do ··do 5 g. J. ··&·n. Dec. 1, 1914 6 g. F. & A. Last paid Feb., 1893. Feb. 1, 1917 5 g. M. & 8. Moh., ' 93, coup. last pd. Sept. 1, 1942 10 p. an. Q.-J. N. Y., Office, 13 Wm. St. Jan., 1895 see text. J. & J. N. Y., Mer.Tr.Co.&Phil. Jan. 1, 1940 5 g. M.&N. 1940 412 g. M.& 8. Sept.'92, coup. lai,t paid. Mch. 1, 1990 Portand, Me., Office. Jan. 1, 1895 See text. Q.-J. A. & O. Bost., N.Rev. Bk.; Port. Apr. 1, 1890 6 J. & J. do do July 1, 1898 7 6 g. A. & O. do do Oct. 1, 1900 J. & J . do do July 1, 1896 6 Apr. 1, 1912 do do 5&7 A. & O. do do Apr. 1, 1912 412 A. & 0. J. & D. Bost., Am.L.&Tr.; Port. June 1, 1923 5 6 g. F. & A. Portland Tr. Co., Port. Feb. 1, 1905 412 g. J. & J. Bost., N.Rev. Bk.; Port. July 18, '16-17 4 g. J. & J. Boston and Portland. Jan. 1, 1933 5 per an. A. & C. Bangor. Treas. Office. Oct. 15{ 1894 2 per an. Q.-F. Portland, Me. Cent. Of. Nov., 894 6 g. J. & J. Bost., N.Rev.Bk.& Port. July 1, 1900 5 M. & N. 1Bos., N. Rev. Bk. & Bos. Nov. 1, 1908  ----------  1891. 1892. 1893. 1894. j D. Davis, John J'. McCook and Harry Weissinger. In January, 1895 Net,incl. invs'ts ...... $7,880,160 $7,976,892 $8,437,105 $7,31:12,840 I committee stated that Receiver's reports showed the road could be 600,!:J59 ouanized on the basis of a 3 per cent security, but committee believe Taxes paid............ 410,810 513,185 579,538 5 065 277 that restoration of normal conditions of business will justify a more Interest and rent.... 4,207,629 4,860,878 4,911,258 ' 24;784 llberal bar.is and advise delaying reorganization for the present. V. 60, Georgia RR. deficit .. Prof.62,530 124,695 70,978 139,930 p. 83. Consols are outstanding only as collateral. (V. 57, p. 1039.) Loss on other roads.. 205,494 128,001 127,043 Hardin suit...... . . . . 225,737 STOCK-Capital stock is $3,037,200, par, $100. Dividends (see below) 2,400,000 2,376,000 2,112,000 BoNDs.-In August, 1892, was executed a consolidated mortgage for $5,000,000, of which $2,800,000 is reserved to retire the first mortBalance.....•.......•• sr.$656,226 d;fj25,867 sr.$410,55lsr.$1,552,490 gage 6s at maturity. The consols have first lien on 44 miles from IrThese dividends were: In 1889-90 4·90 per cent stock and 1·10 cash; vington to Fordsville, Ky. In Jan., 1895, there were outstandmg in 1890·91 5 cash; in 1891-92 412 p. o. cash; in 1892-93 4 p. c. cash. claims said to be ahead of bonds $167,000, and also $278,000 oar trust -(V. 57, p. 22,105,375,510,548, 5'7'7, 59:1, 596, 59'7, 721,763,808, notes and certifl.oates. Mortgage trustee, Central Tr. Co. 853,938, 1039; v. 58, p. 81,512,716,904; v. 59, p. 28, 70, 291, 580, EARNINGS.-11 months, i 1894........ gross, $386,596; net, $75,483 699, 602, 742, 878, 969, 1006; V. 60, p. 82.) Jan. 1 to Nov. 30. 51893 ....... . gross, 494,042; net, 159,937 Louisville New Albany & Chicago.-(See Map)-Operates the ANNuAL REPORT.-Fiscal year ends June 30. Report for 1891·92 in t "Monon Route" from Chicago, £11., via Monon, Ind., to Indianapolis, . v. 55, p. 1077. In year t893-94 gross earnings were $424,365, against Ind., and Louisville, Ky., with branches-the system including: $628,112 in 1893-93; net $91,750, against $250,052; insurance and Lines ownedMiles. Oper. under contract.Mi les. improvements, $21,835; balance, net, $69,915.- (V. 57, p. 217, 298, IndianaStateLinetolndianap.162 Chicago to Ind. State Line ..... 20 510, 1039; v. 60, p. 43, 83.) New Albany to Michigan City .289 New Albany to Louisville...... . 5 Louisville Southern.-SEE SOUTHERN RAILWAY Co. Lines controlled, Connection in Indianapolis.... 2 securitie.~ alt ow11edLykens Valley.-Owns fromMillersburj, Pa., to Williamstown, Pa., · 1 41 5 Of ;~;:~ fe~s:P:!~ b~~~ ~~hi1ne~!~t·a1 R~~~d !fi:~eaJ~;~ Lick ~prings Ry...... . . . . . . . . 18 ug · · · · · · · · and previously by the Summit Branch Railroad. The lease is for 999 Of the 510 miles owned, 180 miles are laid with 52 to 56 pound steel, years from March 1, 1866, and the rental is $62,500 per annum. 295 miles with 60 to 67 pound steel and 35 miles narrow gauge with EARNINGS.-From mining and selling coal.-Jan. 1 to July 31, 1894, iron rails. A lease for 999 years with Chica~o & Western Indiana (of (7 months), /ITORS $467,898, against $639,293 in 1893; deficit, $19,850; whose stock this company owns $1,000,000) gives entrance to Chicago against net, $66,251. In 1893 gross, $1,112,548, against $1,069,833 · on a mileage basis. in 1892; net, $68,568, against $35,582. . ORGANIZATION.-The Louisville New Albany & Chica~o was opened in Lynchburg & Durham.-Comnleted in 1890 from Lynchburg 1852 and sold in foreclosure Dec. 27, 1872, andreorgamzed. In August Va., to Durham, N. C., 114 miles. Leased for 999 years from March 1, 1881, oonsolidat_e d with Chio. & Ind. Air Line. 1893, to Norfolk & Western. Stock authorized, $2,000,000; outstandCAPITAL STOCK.-In November, 1893, the $12,000,000 of stock then ing, $1,876,500 (par, $100). Mortgage trustee is tihe Mercantile Trust Co. Interest on the bonds was reduced for one year from March outstanding was classitied into $9,000,000 of common and $3,000,000 1, 1893, to 3 per cent a nd then for one year to 4 per cent, thereafter to of preferred., an additional $1,500,000 preferred beiug sold to stock- be 5 per cent, the principal and this interest being unoonditionally holders at 40 :{)er cent to pay for eqmpment. For future capital re- guaranteed by the lessee by endorsement. President, w. c. Houston, quirements it 1s proposed to issue from time to time an additional Jr., Philadelphia. In year 1891 gross earnings were $166,132. No $2,500,000 of preferred. The preferred is entitled to 6 p. c. dividends, separate report of earnings now made. (V. 51, p. 84; v. 54, p. 159.) il earned, non-cumulative, common to receive all remaining profits. acon & Blrrnlngharn.-Owns Macon Junction to La Grange, DIVIDENDS.-0 n new pref erre d February 15, 1894, 112 per cent. Ga., 97 miles. Messrs. Gill, Shaw & Ober of Baltimore are a bondBONDS.-The general m01·tgage of 1890 is for $25,000 per mile of road holders' oommi.ttee. Foreclosure proceedings were instituted in April, and $10,000,000 bonds are reserved to retire the l sts as they mature. 1892, by the mortgage trustee. Foreclosure sale, ordered for Jan. 8. Trustee Central Trust Co. The Bedford & Bloomfield Railroad and 1895, was postponed till May 7. First mort. bondholders' committee the Orleans West Baden & French Lick SprinS'.s Railway have no request deposit of bonds in N. Y. Security &Trust Co. V. 58, p. 82. w. B. debt, and their entire capital stock is deposited as security for Sparks is receiver. Receiver's certificates for $30,000 have been the Louisville New Albany & Chicago consolidated and general mort- authorized. gages, as is also the $1,000,000 of Chicago & West Indiana RR. stock E 5 th } 1894 $35 489 $8 028 and $240,000 stock of the Belt Railway of Chicago. ARNINGS.- mon s, ···········gross, , ; net, , 'Ihe equipment bonds were authonzed in Sept., 1894. Mortgage July 1 to Nov. 30. 1893 ........... gross. 28,930: net, 6,579' In year ending June 30, 1894, gross, $71,050; net, $12,331. In trustees are James Murdock, Lafayette, Ind., and Central Trust .Co., . gross, $69,7 6 1 ; net, $11,200. In 1891-92, gross, $79,624•, New York. Sinking fund i s $30,000 yearly and bonds can be drawn at 1892 d :fl 93 d t· ... $ 105. Bonds will be issued only as title of equipment is vested in truse cili un er opera mg expeuses, 9 8 8 . (V. 59, p. 1007; V. 60, p. 83.) tee; in January, 1895, none had been sold. Macon & Northern.-Owns from Macon, Ga., to Athens, Ga., 105 Bills payable June 30, 1894, were $342,081. American Express co. miles. Successor to Covington & Macon, sold in foreclosure May 21, 10-year instalment loan, $200,000. 1891. In 1891 leased for 91:1 years to the Richmond & Danville and the GENERAL FINANCES.-Under the new management more than $ 1 , 682 ,- ~entral of Georgia, the lessees jointly guaranteeing interest an~ prin01pal of the bonds. See V. 52, p. 321; V. 53, p. 223. N. E. Harris was. 000 has been expended for improvements, the entire line being now laid made receiver March 24, 1893. Interest due March 1, 1893, was not with steel except the narrow·gauge branch to Switz City, which branch paid. nd rd is beiniz made sta a • Road sold in foreclosure October 2, 1894, to Alexander Brown of EARNINGS.-4 months, ?. 1894 ...... gross, $1,091,148; net, $407,439 Ba ltimore for $1,070,000. V. 59, p. 600. Entrance into the Seaboard July 1 to Oct. 31. 51893 ...... gross, 1,364,223; net, 539,770 Air Line system has been suggested. V. 60, p. 84. ANNuAL REPORT.-Fiscal year changed to end June 30. Report for From July 1, 1892, to June 30, 1893 (12 months), gross earns., $82,· 1893-94 in V. 59, p. 470. Earnings have been as follows for the calen- 295; net, $5,935. (V. 59, p. 234, 600; V. 60, p. 84.) dar year 189P and the fl.seal years ending June 30, 1892, '93 and '94. 1'Ialne Central.-Line of road, Portland to Vanceboro, Me., vi& 1890. 1891-92. 1892-93. 1893-94. Augusta, 251 miles; branches, Cumberland Junction to Skowhegan, Gross earnings ........ $2,630,132 $3,067,108 $3,416,488 $3,135,882 91 miles; Bath to Lewiston and Farmington, 76 miles; branchesNet earnings.......... 917,176 952,160 1,060,622 1,017,272 Belfast, Dexter, Bucksport and Mt. Desert :Ferry, 133 miles; Portland & Dividends received .. . 25,000 45,000 74,400 60,000 Ogdensburg Railroad, Portland, Me., to Lunenberg, 109 miles; small branches, 6 miles; Upper Coos and Hereford railways, Lunenberg, N. H., Total net income. $942,176 $997,160 $1,135,022 $1,077,272 to Lime Ridge, Quebec, 108 miles; Bath to Rockland (inoludingsteam..t Interest on bonds, etc 651,7!H 768,243 763,8 lO 772,599 ferry, 7 miles) 48 miles; total, 822 miles, of which 345 miles owned, 42~ Rentals................ 155,297 163,001 191,031 226,688 miles operated under 999 year leases, and practically owned; 33 miles operated under 50•year leases and 15 miles ferry lines. Balance, surplus.. $135,098 $65,916 $180,181 iT$77,985 ORGANIZATION.-A consolidation in 1862 of the Androscoggin & Kennebec and the Penobscot & Kennebec railroads, into which nave since ,r Paid on preferred $57,252; balance surplus, 1893·94, $20,733. Samuel Tnomas, .Pres., N. Y. (V. 57, p. 374, 375, 421, 510, 639, been merged the Portland & Kennebec, Somerset Kennebec & Leeds and Leeds & Farmington RR. Co. 722, 853, 894; v. 58, p. 82,941: v. 59, p. 191,423, 4'70, 473, 515.) STOCK.-Of the stock $2,516,000 is owned by Boston & Maine. Louisville St. Louis & Texas.-ROAD.-Louisville to Henderson Ky., 142 miles, of which West Point to Louisville, Ky., 21 miles is DIVIDENDS.-ln 1882, 2 per cent; in 1883, 512; t'rom 1884 to January, trackage; owns also Irvington to Fordsville, Ky., 43 miles, and branch 1895, both inclusive, at the rate of 6 per cent yearly. 1 mile; total operated, 186 miles. Extension of 15 miles to a connecBONDS, GUARANTIES.-Consola of 1872 are held in trust to retire all tion wi1!h the Louisville & Nashville is partly graded. underlying bonds at maturity. The European & North American 6 per RECElVERSIIIP.-August, 1893, coupon was not paid, and Attilla Cox cents due Jan. 1, 1894, were refunded into the Maine Central gold 4 per was appointed receiver. Bondholders' committee, W. H. Male, Samuel cents, issued under mortgage ma.de jointly with the E. & N. A.  8:fe~~~ tv::ii~:~dtl~eiicli   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  ~~:I~·w· ga .. ·e ........ ~i  ~~:~~i!:l  M  ri:8:  INVESTORS' SUPPLEMENT.  [VOL. L X.  Subscribers will confer a great f'avor by giving lm.m.edlate notice or any error discovered In these T ables. Bonds-PrlnolRAILROADS. INTEREST OR DIVIDENDS. Miles Da.te Size, or When Due. Amount Rate per When Where Payable, and by pal, Por explanation of column headings, &c., see notes of of Par Stocks-La.et Outstanding on ti.rat page of tables. Road. Bonda Value. Cent. Payable Whom. Dividend.  Maine Oentrat-r Oonr.liuted.J-  Dexter & Piscataquis stock 5£.c. rental 999 years. 1st M., Dexter to Dove1, e ., guar. by end . . ... .H ereford R'y stock (4 p. c. rental ror999 yea.rs) .. 1st mortgage, guar. p. & i. (endorsed) ...... ..... Upper Coos RR. stock, 6 p. c. rental 999 years. lat mort., ~ar. p. & i. (endorsed) ................ Extension ., $21,000 p. m., guar. p. & i.(end.). Knox & Lincoln stock, guar., 5 p. c., 999 years ... 1st M. Penobscot Shore Line RR. Co., assumed. K. & L. 2d mortiage (for $400,000) assumed ... Dexter & Newpor, stock,5 p. c. after Nov. ~5,'98. Eastern Maine, stock, 412 p. ct., rental 999 years Manchester & .Augnsta-lat rnortg~gtillgold. ...... c* M.anches. <t Law.-Stock,10 p.c.ren I 1937.B.&M. Real estate bonds (not mort.) int. gu. by B.& M·c Manhattan Etevated.-Consolidated stock .... ... .... Metropol. El. 1st M., $600,000 p. m., assum'd g.c* 2d mortgage (assumed) .. ........ .. ... . ........ c* .N. Y. El. lat M. (payable at 105 aft. 1895)$&£.c&r N. Y. El. deb., secured by consol. mort. of 1890 .. Manhattan Elevated consolidated mort., 11:old.. c* llaMCQ])a tt PhamiJi-lat mortgage, gold .... ... .... c Marietta & No. Ga.-lst mort., $7,000 p. m., gold ... Con. lst.M. ,g. ,$4,500,000,s.f.$15,000 after 1897 c* JCa,on Oily & Fort Dodge-lstm.$15,000 p. mile, g. Memphis <t Oharleslon-Stock ........................  ---  17 17 53 53 22 22 33 48 48 48 14  18 65 22  iss9 i890  isoo isoo 1891  1890  ---·  i893 i892 ·s6 18 i878 18 14 32 32 34  224 92  1879 1876 1886 1890 1886 1881 1887 1886  ---·  Tenn. State 1iet1$1,736,906,lst M.onlinein Tenn. ·93 '54·;67 .A.la. & Miss. old lat and 2d morts. (See text) ..... .Bonds of 1880, secured by old morts.in trust, gold. 1880 Old ld mort/i{age bond:-1, extended (See text) .... c text. 1867 Con.a. M. of '77 with 1st lien on 93 m. in Tenn., g.c* 293 1877 Consol. mortgage of 1877, gold .................. c* 293 1877 Gf'ITIP.rA,l mort!?A!!'P. !!'nM. . .•...••••••••.••••••••• otrr_ '29'.-l _ HHU '_  see·  $100 1,000 100 1,000 100 1,000 1,000 100 1,000 1,000 100 100 1,000 100 1,000 100 £&$ 1,000 $&£ 1,000 1,000 1,000 1,000 1,000  ···25  -----i:c>"oo 1,000 1,000 1,00 1.oo n  $110,000 5 per an. J. & J. Dover, Me., Office. July, 1895 175,000 4 J. & J. Bost. N. Rev. Bk., Port. July 1, 1929 800,000 4 per an. M.&N. Portland, Me. Cent. Of. Nov. 1, 1 · 94 800,000 4 M.& N. Boston, Mass. Nat. Bk. May 1, 1930 350,000 6 per an. M.&N. Portland, Me., Office. Nov. 1, 1894 350,000 4 M.& N. Bost., N. Rev.Bk.; Port. May 1, 1930 566,000 419 M.&N. Portland, Me., Office. May 1, 1930 200,000 5per an. F. & A. Portl'd,Me.,Me.Crnt.Of. .A.ug. 1, 1894 1,300,000 F. & .A.. Boston, Nat. Revere Bk. Au~. 1, 1920 4 247,000 F. & .A.. 5 do July 1, 1921 do 122,000 6 to 5 M.& s. Dexter, Me., Office. Sept., 1894 200,000 412p.an. M. & N. Rockl1rnn. Me., Office. Nov., 1894 975,000 5 g. J. & J. Ba.Ito., Safe Dep. & Tr. Jan. 1, 1943 1,000,000 10 p. an. M.&N. Manchester anrt Bo;iton. Nov. 1, 1894. 27-l,0v0 4 J. & J. Boston, B. & M. RR. J an. 1, 1922 30,000,000 6 per an. Q.-J. N. Y., 71 Broa<lway. Jan. 2, 1895 6g J. & J. N. Y., Mercantile Tr. Co. J1tly 1, 1908 10,818,000 M.& N. 4,000,000 6 do do Nov. 1, 1899 8,500,000 J. & J. do do 7 J iln. 1, 1906 1,000,000 M. & 8. do do 5 Mell. 1, 1916 4 g. .A.. & o. N. Y., Of., 71 Broadw'y. Apr. 1, 1990 11,760,000 540,000 6 g. M.& N. N. Y., Farm. L. & Tr. Uo. Nov. 1, 1916 383,000 6 g. J. & J. July, '90, last paid. July 1, 1911 3,821,000 6 g. J. & J. do do Jan. 1, 1937 1,380,000 6 g. J. & J. In default. July 1, 1926 5,312,725 ..... ........... . -.. ·-·· .A.a collateral . ·,;· Various. Jaii:·1,""i915 .A.s collateral 7 g. J. & J. Jan.. '93,coup. lastpaid J a.n. 1, 1915 2,155,000 105,000 do do 7 J. & J. Jan. 1, 1915 1,400,000 7 g. J. & J. do do Jan. 1, 1915 do 864,000 7 g. J. & J. do Jan. 1, 1915 ■ R !!'. ~-L ~ .T _ .Tnlv. 1Q92, laqt paM. _ .fan . 1, 1924. '_ 1 .000.000 _  --·  -----·----  .  .  The $600,000 sinking fund 6s of 1885 have been called for redemp• 1 Number of passengers carried and gross earnings have been: ti.on on Feb. 1. 1895, and will be extended for H! years ~t 412 p. ~ y. Year end. Year end. 58, p. 1109. The Portland & Kenneb ·c 6s maturmg Apl'il ~. 189;J, will Sept. 30. Passengers. Earnings. June 30. Passengers. Earnings. be reJ?laced by Maine Central consol. 4a. On that date, smce Jan. 1, 1884-85... 102,354.729 $7,000,566 18'39·90 ... 185,833,632 $9,388,681 1894, mterest on about $2,000,000 of 6 p. c. bonds w,li have been re- 1885·86 ... 115,109,591 7,426,216 1890·91. .196,714,199 9,959,710 duced to 4 p. c. and on $600,000 of 6s to 412 p. c. . 1886·87... 158,963,232 8,102,662 1891·92 ... 213,692,570 10.835,978 There were also Sept. 30, 1894 , $76,000 Shore Lme 6s, due 1923; 1887-88 ... 171,529,789 8,673,871 1892-93 ... 221,407,197 11,226,359 also $150,000 Bel ta.st & Moo~ehead Lake mortg~ge bonds, ~ue 1920, 1888-89... 179 497 433 9 080 881 not guaranteed, interest and smking fund for which are patd out of ' ' ' ' the rental. Jointly with B. & M. guarantees $300,000 Portland Union -<V. 57. p. 105,256,298,469, SO8, 803,854; V. 58, p. 264,816, 902, Station bonds. 1073; V. 59, p. 291,371,421,780,879,918, 1007.) FLOATING DEBT.-Notes payable were $473,000 Oct. 1, 1891. JJ.Iarletta & North Georgia.-Owns road completed in .A.nANN:TAL REPORT.-Fiscal year ends Sept. 30. Report for 1893-94 was gust, 1890, from Knoxville, Tenn., to Marietta, Ga., 217 miles. •~ v """ 1055 branch, 7 miles; trackage, Western & Atlantic Railroad, Marietta., Ga., au • dill~ p. · to Atlanta Ga.. 20 miles; total operated, 244 miles. 1893 · 1892 · 189 1. J",ear ending Sept. 30 - 1894· HISTORY, RECEIVERSHIP, &c.-Completed in 1890 and consolidated 822 822 821 Miles operated.......... 4 ·61 · · · 138 with Knoxville Southern. Interest defaulted Jan. 1, 1891, ant\ J. B. Tot&l gross earnings .... $ ,5 , $4, 951 ,8 3 5 $ 4 ,757, 603 $4, 324, 9 o5 Glover appointed permanent receiver on Feb. 23. .A.t foreclosure sale Net earnin~s ............ $1,603,363 $1,610,311 $1,695,813 $1,382,527 May 8. 18~4. there were no bidders. The Atlantic Trust Co. reorga.nlOther receipts.......... 54,975 59,835 60,817 39,074 zation plan declared operative. See the plan in V. 54, p. 887. (V. 55, p. ----995.) Total net inoome ..... $1,658,338 $1,670,146 $1,756,630 $1,421,601 OBLIGATIO 'S.-.Tuly 1, 1893, Receiver's certificates and obligations EentaJs paid............ $715,593 $483,196 $480,887 $360,093 were $410,000; Mar. & Nor. Ga. old 2ds, $6,000; cash outlay needed Interest on bonds....... 601,513 829,936 830,308 828,189 to complete improvements deemed essential. $500,000. Stock (includDlvidends. ..•. ... .... •.. 298,512 276,248 268,485 215,628 ing .Knoxvlile Southern), $5,250,000. Contractor' 3 claim of $293,000 reported as decided against the company in February, lo94. Balance, surplus ..... ··· $!2 ,720 $ 80 ,766 $t 76 , 950 $l 7, 691 EARNINGS.-For yt'ar ending Feb. 28, 1893, ~ross, $215,853; net, -(V. 57, p. 852, l037; V. 58 , p. no 9 ; V. 59 , p. I0 5 o.) $27,674. (V. 57, p. 683,979; V. 58, p. 430, 59.'.i, 815, 866.) l'tl.anebester & A.u~usta.-Owns road completed in July, 1894, Mason City & Fort Dodge.-Owns road from Ma.'lon City, Ia., from S11mter, Ga., to v enmark, South Carolina, 65 miles; part of to Leh.Igh, Ia., 88 miles, and branch, 4 miles. Stock autb.orized, $5,.Atl81Btic C11ast Line System. Connects at Denmark with South Caro- 000,000; outstanding, $920,000; par, $100. In year 1~92-93 gross Una and with South Bound roads. See tralfic con.tract below. earnings, $140,500; net $27,179, against $35,771 in 1891-92 : ctnrges, BONDS.-First mortgage 5s are limited to $15,000 per mile and $200,· $91,376. Interest due and accrueo July 1, 1892, $496;800; bills pay·()00 for termlnals. Under a.joint traffic contract with th Richmond able, $3,483. Total deficit to June 30, 1892, $401,464. President, iFredericksburg & Potomac, Richmon t & Petersburg, Petersburg RR., James J. Hill, of St. Patll.. Norfolk & Carolina, Wilmington & Weldon, Wilm. Col. & A.11~usta and lliemph.ls & Cb.arleston.-RoAo.-Owns from Memphis to Stev,Florence RR., those companies agree to set aside montb.ly 20 per cent en.son, .A.la., 272 miles; brancheP to Florence, etc., 20 miles; leases to -0f gross receipts from trattio with Manchester & A.ugustc1., same to be Chattanooga, 38 miles; total, 330 miles-largely 56 pounds steel. G.Sed each year to make up any deficit for interest on M. & .A.. bonds . RECEIVERSHIP, ETc.-The Southern Rall way Company on October JJ.Ianchester & Lawrence.-Owns from Manchester, N. H., ~o 31, 1894, owned $2.656,525 o r the stock, but right to vote thereon 'Methuen (State Line), 2214 miles. Leased for 50 years from September was contested. (V. 50, p. 703; V. 52, p. 831.) On July 14. 1892, Henry :J., 1887, to Boston & Maine at a rental paying 10 per cent dividends. Fink was appointed receiver, and on July 25, C. M. McGhee Joint re.fiuit has been instituted to recover $1,000,000, said to be due from ceiver in interest of the East Tennessee. V. 55, p. 100, 177. <Jonoord Railroad. Bee V. 56, p. 82, under item as to Boston & Maine; COUPON PA nlENTS-Coupons due July 1, 1892, were paid with interdecision is expected in March, 1895. est Jan. 3, 1893. Coupons due January 1, 1893, excepting general Manhattan Elevated.-RoAD.-Controls and operates all the mortgage coupons were paid with interest Jan. 2, 1894. elevated railroads in N. Y. City, its main track aggregating 32 miles. REORGANIZATION,-General and consolidated bondholders refused to .Besides these it owns and operates the Suburban R. T. RR., 3=4 miles. acceot the terms offered by the Richmond & West Point Terminal HISTORY, ETC.-Formed Nov. 24, 1875, to operate elevated railroads plan~ of 1893, and in tile moditled plan of February 20, 1894, thla tin New York City. In June, 1884, all liabilities of the leased lines company was not included. Lar~e expenditures for irnprov~meut;i a.re ,were assumed and $26,000,000 new stoc'k was authorized to retire said to be nec-·ssary. V. 56, p. ~82. Foreclosure proceedmgs under '1»ld stocks. The exchan~e was completed in May, 1894, and the prop• the general mortga.ge were fl.led in Dec., 189 3. ,erties of the conPolidatea companies are now ownPd in feo. In May, COl\lMITTEE.-For generat mortgage 6s: Simon Borg, J. Kennedy Tod 11891, $4,000,000 stock was issued to acquire the Suburban Rapid and Albert S. Roe; depository, Central Trust Co., N. Y. 'Transit RR., owning a bridge across the Harlem River, and a road in BONDS.-The 7 per cent bonds of 1880 are all equally secured by ,epera,ti-0n to near 171st St., N. Y., 212 miles. V. 52, p. 642. deposit in trust of the entire issue or the company's old first mortBoNDS AND LIABILITIES.-There a.re considerable claims pendin~ gage bonds of 1854, and of all but $105,000 of its second. ml)rtica.ge bonds of 1867. The bonds of 1880 II.ave therefore a fir;it hen on the · li ,-.ga.inst ,t be elevated roads for d amage t o property on t h ell' nes, an 200 miles of road in Mississippi and •.A.labama and cover, subject to rmany •Of these are before the courts. See CHRONICLE V. 56, p. 289. the Tennessee State loan, the 93 miles in Tennessee. Tile con!lolsg£ The consolidated mor__tgage (trustee, Central Trust Co.) is limited r d $ t'Oll present mlle<>-a-e to $40,000,000, and will provide for prior bonds 1877 cover all the oroperty, subject to the prior tens, an l,400,0 use· d · d d of them have a first lien on the 93 miles in Tennessee through assignwuen due. Further amounts may be issue for extensions if e~tre ment in Trust therefor of the Tennessee State lienfor $1,736,906. The at the rate of $300,000 per mile of single and $600,000 per mile of d d r l~"'0 l l double trook. <See abstract of mortgage in v. 51, p. 248, and applioa- Farmers' Loan & Trust Co. is trustee of the ee ~ o , an, 8 77; tion to New York Stock Exchange in v. 52, p. 353.) on th.e Stock Ex- the Central Trust Co. of deed of 1884. On June 30, 1894, car trusts~ ,change in Nov., 1894, $11,963,000 consols had been li;ited, but of principal and interest, were $87,253; loans and bills payable, $39,565. rthese the company held $300,000 against "special account" and EARNINGS.-Jan.1 to Oct. 21, 189-i (9~ mos.), gross, $988,138, agst. :$88,000 consols to redeem convertible certificates. $1,082,353 in 1893. ANNUAL REPORT.-Fiscal year ends June 30. Report for 1893-94 in DIVIDENDS.- l ' 84. ' 85 · ' 86 · ' 87 · ' 88 · ' 89 · ' 9 O. Jan.'19 1 t 0 J an.' 95 • v. 59, p. 1055, showed the following. DL1ring the year the receivers 5 See below. 6 ( 12 (quar.) t3ince·'83. P.Ct. 5 3 6 6 6 paid overdue interest am,mnting to $167,843. Intere~t du~ and un• In 1889 1 in cash and 4-½J in scrip; in 1890, 412 cash and 112 :!Orip. paid July 1, 1894, was $595,020. Incl11ded in opera.tin!? expenses for L..l.TEST EARNINGS.-From July 1 to Sept. 30, 3 months: 1893-94. are taxes. $50,000; rental to N. C. & St. L., $60,000; rent of 3 nws. G:ross. Net. Other inc. Oharaes. Bal, surp. freight cars, etc., $-18,790; total, $158,790. 1.894..... ... .. $2,049,810 $799,174 $37,500 $660,227 $176,4'17 Year. Gross. Net. Other inc. Oharges. Balance. l.893 ... ....... 2,379,420 1,078,614 35,000 6 44,699 468 915 1893 9 • $1 274 818 $203 262 • is 1892·93 · ..,......... • , · ······ $ii2·,5¥i df.cb11s.·3;i,, Annual meeting ... ...... 1,520,2.U 293,709 $!85 ,;, ANNUAL REPORT.-Fiscal year ends June 30. 1891-92 .... ..... 1,531,514 307,281 240 384,553 def. 77,032 held the second Wednesday in November. 1890 91. ........ 1,747,461 462,850 29,181 395,•368 sur. 9 f; ,163 1892-93. Yw1· ending June 301891-92. 1893-94, 1889·90 ....•.... 1,783,730 514,730 11,751 390,149 sur.136,331 Gross earnings .................. $10,695,977 $11,086,359 $10,153,576 -lV, 57, p. 850, 1084; V. 58, p. 12,223; V. 59, p. 600, lU55.) 5,fi00,059 4 Net over operating exp......... 5,270,629 '~~}•~~~ JJ.Ierlden Waterburv & Connectlcut.-Owns from Cromwell, 1 40,000 ()ther income....... ... ...... 140,000 2,600:567 Conn., via Meriden to Waterbury, Conn., 30 miles. Le~'led for 99 years 2,668,767 l • erest, rentals and taxes.... 2,414,916 1 800 000 from Sept. 1, 1892, to N. Y. & New England at $22,:>00 per annum, 1,800,000 d ends................... . ... 1,800,000 ' ' payaule m semi-anuual in-1ta.lm nt~ directly to trustee of mortga~e $532,647 I (Fa1·mers' Loan & Trust Co.), to be applied to interest on bonds. Stock .,Bnrplus over dividends ..... $1,195,713 $1,171,292   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  JANUARY, 1895.J  RAILROAD STOCKS AND BONDS.  19  Sub•crlbers -wfil confer a great favor by giving Immediate notice of any error discovered In these Tablet1. Bonds-Prt.noiRAILROADS. Miles D te Biz INTEREST OR DIVIDENDS. pal, When Due. a e, or Amount ~or explanation of column headmgs, &c., see notee1 of of Par Outstanding Rate per When Where P~ble, and by Stocks-Last on first page of tables. Road. Bonda Value. Cent. Payable om. Dividend.  I  Meriden Waterbur., & Oonn.-lst mortgage......... etrot;litan West Side Elevated, (of OhicagoJ-Stock 1st  30  1  :tg;;:t~t%:~~t;:~~~~~::~.~~'.~?-~~--~-:~·~::~:  ~~~  1st M., subsidy, gold, subject to call at 100 .... c* 1,064 2d M.,ser. ''A," g., inc. ace um. (for $16,675,000)c* 11,064 2d M.,ser. "B," g., inc. non-ac. (for $16,675,000) .r 1,064 3d mortgage, deb. (income not cumulative) gold.r .... .Mexican Northern-Stock............................ 83 1st mortgage, U.S. gold coin, s. f. not called ... . c* 83  Michiganuent·r al-Stock .............................  Consol. ~_rt.-no_w l~t M. ($2,000,000 are 5s) .. c* M. C. Mic 1gan Air Lme, 1st mortiage ... . .... c&r M. C. 1st M. on Dt,t. & Bay City ($ ,000,000) .. .. c do do do ... r M. C. 1st mortgage on Grand River Val. RR. ... c* M. C. 1st mortgage on Kalamazoo & S. Haven ... r G'd River Valley stock, 5 p.c. rental in perpetuity Det. & B. City bonds, endorsed, no mort. lien ... c Bridge bonds, endorsed, no mortgage lien ...... Jack.Lana.& Sag-. stoc.K, 3½p.c. y'rly, guar.byend. Cons. mortgage, assumed, extended in 1891 .. c* Bab City & Batrle C., 1st M., ~old, gu.p.& i. end.c* Ba tle C. & Sturgis 1st M., go d, gu. p. & i. end.c• Joliet & North.Indiana lstM., guar. p.&i. (end.).c  1888  ---· i892 ---·  . ($15,000,000) gold ........•...........•. c&r Mexican Uentral-Stock, $~5.600 per mile.......... . •.. 1st mortgage (unassented) and scrip.............. . ... Consol. mortgage, $32,000 per mile, gold .... c*&r 1,832 1st oonsol. incomes,non-cum.($9,600p.m.), o1d.c* 1,832 2d con.ln~$6,400p.m.red.at 50p.c.tlll Aug. 929c• r-832 Registered income bonds, unassented ........... r ....  issi  1889 1889 1889 1881 1892  iss7  1887 1887 1887  --··  1890  -·-·  $ ..•. 100 1,000 100 1 ,000 1,000 1.,000 1,000 1,000 1,000 100 1,000 500 &c. 500 &c. 1,000 100 1,000 100 1,000 1,000&c  270 '72-'82 115 1890 147 1881 147 1881 l,&b°J>2c 84 '79-'86 1,000 39 1889 1,000&c 50 84 .... is·12 1,000 1,000 1873 100 295 295 7i&80 1,000 1,000 18 1889 1,000 41 1889 1,000 45 1877  authorized, $500,000; par, $100. The New England went into receiv• -er,i' hands in Decemuer, 1893. January, 1894, coupons of 1st mort_.gage have been pait.l. (V. 54, p. 367, 648.) In 1892-93 gross, $13,· -582; defteit from operating, $-1,3!8, against deficit $d,433 m 189 l·9 2 , Metropolitan West Side Elevated (Chtca~o).-Organized to build an elevated railway in Chicago, running from the Board ot 'Trade Building west~rly about 6 miles, . ~ith branches; the total length to be 16½ miles; first two miles t<:> be four tracks, the rest 'two tracks. fn November, 1894,_a'!Jout 10 miles had b~en erecte~. The road ~11 be Opf?rated by el~ctrimty. See V. 58, P• 866. The right of way Is_ owned m fee, and_ Is mortgaged to_ secure the bonds. Stock .authorized, $15,000,_000; iss11;,e!1 to subscnbers to bOl!,dS on final paymt nt of subscnptwn, Jll;ne ... i>, 1894, $2,o0(?,0qo. Durmg construet ion ".'oting power on st?ck is held by H. L. lllgg•nson, of Boston, a nd .associates. V. 5 5 , P• 1035 ; V. 56 , P• 20 ~; Y. 58 , P: 866 · . . Mexican Centr_al (Mexlc~).-Mileage-:-Mam line Me_nco Citr :north to J1;1-arez City, 1,~24 miles, 41 2 mile~ on Tampico Divi:si~Il;, 11 miles o~ Guan3Juato Branch,_ ~6_1 miles (?n Guadalajara D~~s~on and 17 miles on th_e San Blas Division, 44 miles on Pachuca D1V1S10n, and branches 7 miles; total . Dec. 31, 1893, 1,876 miles. All ,standard gauge and 56•pound steel rall. ORGANIZATION.-Incorporated February 25, 1880, under th:e general ...aw of Massachusett~, and ~Lao holds a charter from the Mencan Gov• ,ernment. Debt readjusted m 1889-Ree V. 48, P- 191, 292, 327. BUBSIDY.-Jan. 1, 1894, there was left of the subsidy in trust $4,027,· 1>22, to be used whenever necessary for the payment of _principal and interest of the consolidated mortgage bonds. In addition to which was $3,000,000 receivable under the Tampico Harbor concession. See .lurther facts in SUPPLEMENT of March, 1894. BoNDs.-The $7,000,000 priority bonds were paid off with proceeds ,of subsidy collections, interest ceasing April 10, 1891. See v. 52, p. 290 Of these $1 403 000 canceled and balance held as investment by Trustee of consol. mort. The oonsol. mort. 4 p. c. (trustee, Boston -Safe Deposit & Trust Company) cover the entire property, all old firsts deposited, and the subsidy earned and to be earned. (See abstract of mortgage in CHRO:NICLE, v. 49, p. 177.) Both series of incomes are non-cumulative and secured by one indenture to the American L. & T. -Co. First consol. incomes received 3 per cent interest July 10, 1890, and '3 per cent in July, 18~1, and 1892, respectively; none since. GENERAL FcsANCES.-The report for 1893 states that the depreciation in silver caused a loss during tile year of $386,074, as compared with the year 1892, from operations and depreciation in Mexican currency -assets. On Jan. 1, 1894, notes outstanding were $1,000,000, tile same .as 1893. Notes and accounts receivable, $1,709,046. EARNINGs.-Mexican cur. 51894, gross, $7,669,578; net, $2,649,510 Jan. I to Nov. 30 (llmos.)?. 1893, gross, 7,262,854; net, 2,584,518 ANNUAL REPORT-Fiscal year ends Dec. 31. Report for 1893 was in v. 58, p. 715, with earnings, balance sheet, &c. The gross earnings ,b elow arf' Mexicar, cu1·1·ency, all other figures u. s. currency. In 1893 cthe company received an average of only 62·02 cents for its Mexican dollars. a.gamst 68·26 cents in 1892 and 76·74 centt m 1891. INCOME .ACC0UNT-(U. s. CURRENCY EXCEPT AS INDICATED). Year ending Dec. 311890. 1891. 1892. 1893. Av'ge miles operated..... 1,527 1,665 1,825 1,847 ·-0-ross earnings, Mex. cur.$6,425,694 $7,374,539 $7,963,254 $7,981,768 Net earns. Mex. cur ...... $2,424,524- $2,694,750 $2,961,467 $2,845,588 Do do in U.S. cur .... 1,978,157 2,068,013 2,021,515 1,764,823 .Subsidy acc'tin U.S. our. 601,127 300,000 500,000 500,000 ..Miscellaneous in U.S. our. 17,953 7,170  I  $450,000 5 2,500,000 ..:rg. 4,000,000 47,844,100 (7)4 626,000 57,039,000 4 g. 17,261,700 ~ g. 11,222,000 578,200 3 14,000,000 4 g. 33,350,000 ..6.g. 11,578,000 12,265,000 6 g. 12,265,000 6 g. 7,040,000 6 g. 3,000,000 See text. 1,660,000 6 g. 18,738,204 See text. 10,000,000 7&5 2,600,000 4 5 ~ 3,576,000 5 1,500,000 6 700,000 5 491,200 5per an. 274,000 8 150,000 8 2,000,000 3½p. an. 2,204,000 5 250,000 3 g. 421,000 3 g. 800,000 7  {  --· --  J. & J. . - --. F ..&..A. N.Y., 32 Nassau & Chic. ..&.. J. Boston,SafeDep.&Tr.Co J. J. & J. do do July 10 Boston, when earned. 0  Juiy l M.& s.  J:·&·n. M. & S. April 1. May 1 Q.-J. J. & D. F. & A. M.&N. J. & J. M.& s. Q.-M. M.& s. M. &N. J. & J. M.&N . M.&N. M.& S. M. & S. J. & D. J. & D. J. & J.  July 1, 1925 Aug: 1,..fo42  Juiy·1; ·i911 July 1, 1911 Jan. 10, 1939 Jan.IO, 1939 ·······--· July 1, 1911 N. Y., Of., Mills Build'g. Sept. 1, 1942  N. Y., Nat. City Bank. June·1;·i927 Paid 2 p. ct. Mar, 1, '93 July 1, 1917 . ..... . ... July 1, 1917 July 1, 1937 N. Y., office, 42 Pine St. Dec. 28, 1894 do do Dec. 1, 1910 N. Y. Gr'd Cent. Depot. Feb. 1, 1895 N. Y., Union Trust Co. May 1, 1902 do do Jan. 1, 1940 do do Mch. 1, 1931 N.Y., Gr'd Cent. Station. Mch. 1, 1931 N. Y., Union Trm,t Co. Sept. 1, 1909 N. Y., Gr. Cent. Stat'n. Nov. 1, 1939 Jackson, Mich. Jan. 1, 1895 N. Y., Union Trust Co. May 1, 1902 do do May 1, 1903 N. Y., Gr. Cent. Station. Sept. 1, 1894 N. Y., Union Trust Co. Sept. 1, 1901 do do Dec. 1, 1989 do do Dec. 1. 1989 N. Y., Farm. L.& Tr. Co. July 10, 1907  ------·--·  / ship of stock, Texas Mexican Railway, Corpus Christi to Laredo, Texas, and branch, 163 miles; other lines, 5 miles: total 1,232 miles. Gauge, 3 feet; rail (steel and iron) 40 and 45 pounds to the yard. ORGANIZATION.-Sucoessor of the Mexican National Railway, sold in foreclosure May 23, 1887. Owns all the Texas Mexican Railway first and second mort. bonds and $2,453,750 of its $2,500,000 capital stock. SUBSIDY.-As to subsidy, see full particulars in Supplement for Jannary, 1893. Total subsidy applicable to the new first mortgage bonds w-as $6,003,120, Mex-foan money, of which in March, 189-l, $2,667,434 had been paid. Receipts are applied to interest on bonds, in case of deficiency from earnings, or to their payment when drawn by lot. Annual payments on subsidy from Mex. Gov. were 6 per cent of Cllstoms receipts, but for three years from Sept 1, 1893, this has been reduced to 2 p. c., the remaining 4 p. c. to be deferred and bear 6 p. c. interest. STOCK.-Stock, $33,350,000 (par $100), placed in trust with the Farmers' Loan & Trust Company, leaving the road in control of 1st a.lld 2d mortgage bondholders until it earns and pays interest on both classes of bonds for two consecutive years. The first mortgage bonds have two votes, the 2d mortgage, A. & B., bonds one vote each. The Mexican Nat. Const. co. is supposed to own a majority of the stock and $7,000,· 000 of the incomes. Canital reserve fund Jan. 1, 1894, held $786,004. BONDS.-The first mm·tgage of 1887 is a prior lien upon all the lines in Mexico, constructed or to be constructed, and upon the Texas Mexican securities. The bonds are redeemable on notice at par. Trus· tees Hug-h M. Matheson and Capt. W. G. Raoul. Original issue $12,500,000, which has been reduced to present figure by redemption with subsidy of $319,000 in 1891, $305,000 in 1892 and $298,000 in 1893. The 2d mortgage bonds, series "A," are strictiy cumulative, and not foreclosable while stock remains in trust as above stated; the 2d mortgage bonds, series "B," are non.cumulative; trustees, W. G. Raoul and J. A. Hors_ey; $200,000 of 2d mortgage bonds are rese_rved for betterments. Third mortgage trustees. C. J. Canda andH. A.. Risley. On series "A" bonds from. earnings of 1892, 2 per cent was paid March 1, 1893. Loans and bills payable Jan. 1, 1894, $39,216. Of the_2d martga_ge bonds $5,000,000 [one-h~f each series A and B] entned mt~ a special trust arra.ngem~nt by w_hwh they are drawn for payment with proceeds of certain subsidy certificates. See V. 56, p. 20, and FINANCIAL REVIEW for 1890, page 59. EARNINGS-11 months, 5 1894, gross, $3,900,856 ; net, $1,662,514 Jan. 1 to Nov. 30. <1893, gross, 3,869,500; net, 1,479,123 Net available for interest, including earnings from Government, $964,915 in 1894 against $838,744 in 1893. Above figures are in Mexiran cmrency to be valued at 80 cents on the dollar in U. B• money, all other depreciation having been allowed for. ANNUAL REPORT-Fiscal year ends Dec. 31. Report for 1893, with the balance she~t, etc:, was given in full in V. 58, _p. 453, 473, 475. Gro~s below are m_Mex-wan currencl/, all other figures m U.S. currency. Mexican curren~y is.reduced to Um_ted States curreucy at 80 per cent, all loss above this bemg charged off m exchange account shown below. INCOME A.CC0UNT-(U. s. CURRENCY EXCEPT GROSS EARNINGS). Year end'g Dec. 31- 1890. 1891. 1892. 1893. Miles operated........ 1,218 1,218 1.218 1,218 Gross earnings ....... $3,754,966 $4-l206,422 $4,756,030 $4,224,804 Net earnings.......... $625,169 ;;,892,788 $1,346,898 $1,296,096 Subsidy receipts...... 305,314 112,500 Total net income.. $930,483 $1,005,288 $1,34.6,898 $1,296,096 Int. on 1st M. bonds.. $809,500 $738,835 $720,185 $702,130 Exchange ..... ... ..... (cr.)14,671 loss 51,796 248,1)22 434,242 Misc., bet'm'ts, etc.. 135,654 360,341 132,598 137,156  Total net income...... $2,597,237 $2,368,013 $2,528,685 $~,264,823 lnterest on bonds......... 2,434,581 2,321,180 2,667,769 2,226,962 Balance......... . . ... . . . df.$145,684 sr. *$245,493 sr.$22,568 ' Miscellaneous.. . ......... 261 39,374 _ _ _ _ 16,387 ~ d 2 p. c., $243,290, on 2d mort. A in March, 1893. -IV. 57, p. 11; V. 58, p. 453,473, 4'75, 512.) Bala.nee ................ sr.$162,395 $7,459 df139,084 sr.$21,474 Mexican Northern~-OwnsfromEscalon, Mexico, on the Mexican Balance to credit of income account Dec. 31, 1893, was $76,219. Central Ry., to Sierra Mojada, 83 miles, all steel, completed July 1891. --(Y. 56, p. '734, '752,973; v. 58, p. '714, '755,773, '7'76, 879.) DIVIDENDS.-From February, 1892, to November, 1892, both Mexican Internatlonal.- (See Map Southern Pacific)-ROAD-Owns in Mexico a standard gauge road from Ciudad Portirio Diaz, on inclusive, 1½ per cent quarterly (6 per annum.) In February, 1892, an extra dividend of½ per cent was paid. In 1893 paid 412 per cent. In .Southern Pacific, via Torreon, on Mexican Central, to Durango, 540 nill.es, with branches, 33 miles. Completed in October, 1892. Exten- 1894, Jan., l¾; April, 1¾ p. c.; July, 1 p. c.; Oct., 1 p. c.; Hee. 1 p. o. ...sions are under construction. Capital stock Dec. 31, 1893, $16,975,· BoNDs.-The mortgage of which the State Trust Co. of New York ia --.000. Trustee, Metropolitan Trust Co. of N. Y. trustee,is for$1,660,000, ofwhich$184,000bonds in Jan., 1895, were · EARNINGS-11 months, 51894, gross, $1,876,135 ; net, $734,733 held by the sinking fund. 'rhe bonds are not subject to call. Jan. 1 to Nov, 30. ?. 1893, gross, 1,839,175; net, 620,309 EARNINGS.-Jan. 1 to Nov. 30, 1894 (11 mos.), gross, $584,403: net, $312,108. In year end. June 30, 1893, gross $1,160,148; net, $566,673. A.NNuAL REPORT.-Reportfor 1893 was in V. 58, p. 593, showing gross ,earnings on an average of 573 miles, $2,050,934 (Mexican currency); Michigan Central.-( See Map adjoining New York Oentrai -net, $749,540; exchange on purchases in United States and duties, page.J-LINE OF ROAD.-Main line-Kensmgton to Detroit, 270 miles, .. net, $93,~!60; tota l, $842,800, equal in U. S. currency to $561,867; and Windsor to Suspension Bridge (Canada Southern), 226 miles; other income, $64,651; total, $626,518; dedurt interest, &c., $577,477; total main line, 496 miles. Branches owned and leased 1,124 miles; balance, surplus, $49,0 U. In 1892 gross, $2,095,726; net, $766,815. trackage DL Cen., 14 miles; total January 1, 1894, 1,634 miles. Pre,,,i ,ient, C. P. Huntington, N. Y. City. New York otlice, 23 Broad There are 244 miles of second track and 839 miles of side tracks. aJt. (V. 56, p. 8 ll, 834; V. 57, p,179, 181; V.58,p. 593; V. 59,p. 371.) ORGANIZATION, LEASES, &c.-The Michigan Central was chartered in Mexican Natlonal.-Owns narrow gauge road from Laredo 1846; the whole line, Detroit to Kensington, was opened in 1852. The ·to City of Mexico, 842 miles; Acambaro to Patzuaro, 96 miles; El lines described above as leased are all held by the Michigan Central .£!alto branch, 45 miles; Matamoras to San Miguel, 76 miles; small nominHlly under leases at fixed rentals. but are practically owned. To branches, 5 miles; total owned, 1,064 miles; controls through owner- enter Chicago uses the lliinois Centra l under a perpetual lease.   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  80  INVES'.CORS' SUPPLEMENT.  LVOL, LX..  Sub8crlber8 ~vlll conf'er a great f'avor by giving lmllledlate notice of' any error d18covered In the8e Tables. Bonds-Prine! RAILROADS. INTEREST OR DIVIDENDS. Miles Da.te Size, or pal, When Due. Amount For explanation of column headings, &c., see notes of Par of Stocks-Lalilli Rate f.er When Where Payable, a.nd by on first page of tables. Road. Bonds Value. Outstanding Cen . Payable Whom. Dividend.  -- - - - - - - - -  Middle Ga. & Atlantic-Stock, $12,000 per mile .••.  MortJ?age, $18,000 per mile, gold ...... : ..........  Middlesb01·ouzh Belt-1st mort. for $1,000,000 .... o Middlesex Va Ley-Stock .............................  ---· i892 ·16 1890  $100 1,000 1,000 100  22 ·--1st mort., $600,000, gold, ($20,000 :per mile) .. o* 22 1892 cf: W. Gap-lstM.d. ext. m'86 ...... c* 13 1866 1U'l~. 1871 500 &c. 2d mort. ~ar. interest, reduce to 5 per cent... o* Milwaukee ake Shore d: Weste1·n-See CHICAGO & N0RT H-WES TERN. Milwaukee cf: Lake Winnebago-Common stock ..... 100 ··ioo Preferred stock, 6 per cent, cumulative .......... .... 1st mortgage, gold ............................... o* . 66 1882 1,000 Income mort. (cumulative), gold, interestpaid.o* 1,000 66 1882 Debentures, convert., gold, see remarks ........ o* 1,000 1884 Milwaukee <f: Northe1·n-See Chicago Milwaukee & st:·i>a. ul. Mine Hill cf: Schu¥Jkill Hav.-Stock (712 p. ct. rent'l) 50 53 Mineral Range- ew oonsol. M., gold,red. at105 .. o 500 17 isoi Middletown Un.  ----  Minneapolis  cf:  St. Louis-  Common stock ..................................••. 1st preferred stock, 5 per cent, cumulative....... 2d preferred stock, 5 per cent, non-cumulative... 1st M.,Minn.to Merriam Jc ....................... o* lstmort.,MerriamJunction to State Line,gold.c~ 1st M. Minn.&Dul.,Minn.to WhiteB.Lake ........ * Iowa exten. 1st M., g.(Al. Lea to Fort Dodge) .. o* Mort.on Southwestern extension($12,000 p.m.)o* Pacific extension 1st mortgage, gold ........•... o* First consolidated M., $10,000,000, gold .....•...  .... .... .... .... ·21 i877  93 15 102 53 92  ....  1877 1877 1879 1880 1881 1894  100 100 100 1,000 500&0. 1,000 1,000 1,000 1,000 1,000  CANADA SOUTHERN CoNTRACT.-In Nov., 1882, a close contract was made with Ca~. So. for the operation of its roa~. The contract :\lrovided for a re-apportionment every five years and m the re apportionment Decembei:, 1892, it was agreed that_ th~ Canada Southern should there· after receive 40 per cent an~ the Michigan Central 60 per cent ':)f. the first $1,000,000 of net earnmgs, any amount over that to be dtv1ded a.s theretofore-one•third to c. s. and two·thirds to M. c. v. 55 p. 1078. ' CAPITAL STOCK.-The stock has re~ained at s~me amount since 1873. DIVIDENDS since 1882-In 1883, 5; m 1884, 3; m 1885 and 1886, oil; in 1887 and 1888, 4; in 1889, 4; in 1890, 5; in 1891, 5; in 1892, 512; in 1893. 512 p. o.; in 1894, Feb., 312per cent. of which 112 extra; Aug. 2 p.c.; in 1895, Feb., 2 p. o. BONDS.-The Jackson Lansing d! Saginaw bonds were assumed by Michigan Central, which also guarantees in perpetuity 312 per cent on the stock. The Bay Oity cf: Battle Greek mortgage is for :jil,800,000, but a.mount outstanding is limited to $15,000 per mile. The total issue of Battle Greek d! Sturgis bonds is $500,000, but of this $79,000 was sub•guaranteed by the Lake Shore & Michgan Southern, 7 miles of the B. C. & 8. being operated by that e-ompany. The Bay City & Battle Creek and the Battle Creek & Sturgis issues both carry the guaranty of the Michigan Central endorsed on the bonds. OPERATIONS, FINANCES, &c.-The road is operated under a close con tract with Canada Southern, and the earnings of both roads are included in the statistics below. Nothing has been charged to either the con• struction or equipment account since 1883, with the exception of land for right of way and terminals. All betterments and improvements to the road have been charged to operating expenses. LATEST EARNINGS.-For year ending Dec. 31, month of Deo., 1894, being partly estimated. Gan. So.  Mich. Oent.  12 Months. Gross. Net. lnt., rentals, etc. share. share. 1894 ... $12,700,000 $3,527,000 $2,401,000 $323,000 $803,000 1893 .... 16,178,000 3,890,000 2,402,000 456,000 1,032,000 ANNUAL REP0RT.-Fiscal year ends Deo. 31. Annual meeting is held on the Thursday following the first Wednesday in May. Report for 1893 was in V. 58, p. 778. Year ending Dec. 31- 1890. 1891. 1892. 1893. Miles operated........ 1,609 1,609 1,639 1,634 Gross earnings ....... $14,490,711 $15,162,960 $15,908,292 $16,178,031 Operating expenses .. 10,731,754 11,107,569 12,046,095 12,287,792 Net earnings ..... $3,758,957 $4,055,391 $3,862,197 $3,890,239 74·06 73·25 75·72 75·95 Net,inol'g other inc .. $3,816,450 $4,114,019 $3,908,995 $3,936,029 Rentals paid......... $184,310 $184,310 $184,310 184,310 Interest on debt..... 2,270,022 2,2:'>4,977 2,220,054 2,217,494 Oa.n. Southern share. 355,633 446,776 380,712 456,648 Dividends .......•..•. (5) 936,910(512) 1030601 (512) 1030601 (512) 1030601  P.  o.. op.ex. to earns..  Surplus ..•........ def.$65,148 $197,355 $93,318 $46,976 * Balance to credit of income account Deo. 31, 1893, was $2,437,043  -(V. 54, p. 742,760; V. 55, p. 4, 21, 1078; V. 56, p. 403, 500, 7 52  1057; v. 57, p. 6, 1065, 1083; v. 58, p. 773, 1073, 1092; v. 59, p. 1104.) lUlddle Georgia & Atlantic -owns from Eatonton to Covington, Ga., 44 miles; operates Milledgeville & Eatonton RR., 21 miles; total, 65 miles. Extension 7 miles to Covington, Ga., was completed in 1894. Stock and bonds all held as security for a loan of $185,000. None sold in March, 1894. Sold in foreclosure Sept. 11, 1894, to Hennan Myers and others for $195,000. Projected from Savannah to Atlanta, a.bout 236 miles.-(V. 53, p. 126; V. 59, p. 291.) 1'.l.lddle8borough Belt.-Road around City of Middlesborough, Kr.., 11 miles; branches to coal mines, 10 m.; sidings, 7 m.; total, 28 miles; opened January 1, 1891. Capital stock authorized, $1,000,000; par, $50. There are car trusts outstanding. July 1, 1893, interest was not paid and in Oct., 1893, J. H. Bartlett was appoinwd receiver. In 1892-93 gross, $25,816; net, $2,742. 1Ulddle8ex Valley.-Opened for business in October, 1892, from Naples, N. Y., north to Stanley, N. Y., 22 miles. Extension 8 miles to Geneva opened in September, 1894. In 2 mos. ending June 30, 1893, gross, $22,643; net, $8,294. lUtddletow-n Unionville & Water Gap.-( See Map N. Y. Sns• quehanna d! Western.J-Owns from Middletown, N. Y., to Unionville N. J. State line, 14 miles. Stock, $149,850; par, $50. Is controlled through ownership of stock by New York Susquehanna & Western, which pays interest on bonds. In year ending June 30, 1893, net income from o:peration, $21,192, against $13,921 m 1892; deficit under fixed charges, $835, agst. $7,842; total deficit June 30, 1893, $278,958. llillw-aukee Lake Shore & We8tern.-Merged into Chicago & Northwestern RR. Co. Sept. 1, 1893. V. 57, p. 375. See V. 56, p. 792. lUllw-ank.ee & Lake Wlnnebago.-Owns Neenah to Sohleisin· gerville, Wis., 65 miles. Leased for 99 years to Wis. Cent. at 37¼ per cent of gross earnings as rental; but after $175,000 per year is received, the balance of net earnings is to be equally divided, DIVIDENDS.-Preferred has paid regularly 9 per cent per annum, being regular preference of 6 per cent, and on account of accrued back dividend an additional3 per cent. In February, 1893, an extra divi·   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  See text. Bee text. $55':?,000 500,000 440,000 150,000 250,000  ........  T 6  ---· 5 g.  gg.  ..&.. ······--·J. J. J. & J. Jan., '93, coup. last pd. Jui;. i",""i93(l M:·&..N. N. Y., Cezitrai.Trustco. Nov:·i·,--i94~ M.&N. N. Y., N. Y. Busi. & W. Nov. 1, 1911 J. & D. do o Dec. 1, 189&  520,000 .......... ..&..A. 780,000 Seo "text. F . Aug: 6 g. J. & J. Boston,"Mer"oli:,Nat.Bk. July 1, 1,430,000 520,000 5 g. J. & J. do do July 1, 244,000 6 g. A. & 0. do do Apr. 1,  1: "is9~ 1912 1912  1904'  4,210,200 J.312Ju4 J & J. Phila.,Offlce, 119 8. 4th. Jan. 15, 1895340,500 5 g. J. & J. N. Y., Third Nat. Bank. Jan. 1, 1981 6,000,000 2,500,000 4,000,000 455,000 950,000 280,000 1,015,000 636,000 1,382,000 5,282,000  ·1r· ·1·g. 7 7 7 7 6 5  ..... . .... ..&..  ........  ·-········ . .........  J. J. N. Y .. Continental Trst. g. J. & D. do do g. M.&N. New York. g. J. & D. N. Y., Continental Trst. g. J. & D. New York. g. A. & 0. do g. M.&N. N. Y. Central Trust Co.  . .... --· JM~·1,..i907 June 1, 1927 Jan. 1, 1907 June 1, 1909' Dee. 1, 1910 Apr. 1, 1921 1934  j dend of 10 per  cent on account of accrued back dividends, ot whiola only $5 00 per share remained unpaid in June, 1894. . BoNns.-Debentures Nos. 1 to 200 are convertible on any coupon day into preferred stock, and Nos. 201 up into common; the lessee pays interest on them during first ten years after issue. RENTAL, ETc.-Rental in 1892·93, $204,~24; in 1891-92, $200,843; in 1890-91, $198,591. In 1892·93 gross receipts were $207,759; net over expenses and taxes, $200,465; interest on. bonds, $111,800.  Mineral Range,-Houghton, Mich., to Calumet, Mich., 15 miles; branch, Franklin Station to Franklin, 2 m.; total, 17 miles (3•foot gauge. HISTORY, ETc.-Operated in close connection with Hancock & Calumet (which l!'ee.) Reorganized in 1891. Capital stock authorized, $4-00,000;; par, $100; outstanding, $393,400. BONDS.-The consolidated mortgage covers all the property, including $250,000 of Hancock & Calumet stock, which is :five-sevenths of the whole issue. Mortgage is for $600,000, of which $252,500 are in com-· pany's treasury and $7,000 with trustee. LATEST EARNINGS-From Jan. 1 to Jan. 31, 1894 (1 month), gross $23,539, against $22,514. In 1893 gross earnings, including operations of Hancock & Calumet, were $304,767; net, $106,177. In 18!:12 gross, $314,329; net, $117,878. President, W. F. Fitch, Marquette, Mich.; Secretary, A. E. Miller; Treasurer, E.W. Allen, Marquette, Mich.; Ass't Secretary, Geo. H. Church,. 45 William St., N. Y. (V. 54,p. 557; V. 55,p. 1110.) 1Ulnneapoll8 & St. Louis KR.-(See Map.J-Owns main line,. Minneapolis to Angus, la., 259 miles; Pacific Div., Hopkins to Morton, 92 miles; Ka.lo Branch, 2 miles; Lake Park Branch, 112 miles; total operated, 354111 miles. Leases trackage from Minneapolis to St. Paul over St. Paul & Northern Pacific Railroad; also owns from Minneapolis. to White Bear, 12 miles, which is leased to the St. Paul & Duluth Railroad. Operates, but accounts kept separate, Wisconsin Minnesota &Pacific Ry., 218 miles. HISTORY.-A reorganization in October, 1894, as per plan given in V. 59, p. 371, of the Minneapolis & St. Louis Ry., sold Oct. 11, 1894, a1i foreclosure under improvement and equipment mortgage. STOCK.-The capital stock of the new company is common, $6,000 -· 000; first preferred, 5 p. c., cumulative, $2,500,000; second preferred, 5 p. o., non-cumulative, $4,000,000. Under the plan, old common and old preferred were assessed $25 per share, new first pr(~ferred being issued therefor. BONDS, ETc.-Bonds issued under the mortgacre due June, 1927, num• bered from 11101 to 1,400, for $500 each, ad3.itional to those above, were assumea by the Burl. Cedar Rapids & Northern RR. The new fl.rat consol. mortgage (see abstract V. 59, p. 1145) provides for the issue of $10,000,000 first consol. 40-year, 5 p. c. gold bonds. of which are reserved $4,718,000 for underlying mortgage, the remainderto pay past-due coupons, to retire or acquire certain outstanding bonds, and for expenses, eto. The 2d mortgage incomes for $500,000, which matured Jan. 1, 1891, with all unpaid coupons attached, were paid with interest thereon to Nov. 13, 1894, under the reorganization. GENERAL FINANCES. - Estimated fixed charges under plan are $580,540 per year. A syndicate has purchased $5,000,000 of the nev 40•year 5 per cent bonds. See V. 59, p. 371. In Dec., 1894, $282,000 of the new consols, given in table as outstanding, werein thecompany'streasury. V. 59, p. 1141. EARNINGS-5 months, ~ 1894, gross, $858,582; net, $398,436. July 1 to Nov. 30, 51E93, gross, 793,004; net, 351,121. A.NNu.A.L REPORT.-Fisoal year ends June 30. Report for 1893·94 waa given in CHRONICLE, v. 59, p. 513. 1890-91. 1891·92. 1892·93. 1893-94. Passengers................ $343,141 $402,229 $410,995 $355,188 Freight ...........•..•....• 1,167,747 1,473,683 1,449,089 1,243,538,. Mail, express, &o....... .. 94,476 109,121 114,415 110,144 Total ..•......•........ $1,605,364 $1,985,033 $1,974,499 $1,708,870 Oper. expenses & taxes.. 1,069,146 1,186,600 1,267,685 1,052,459· Net earnings.......... Other income.............  -$536,218 -----------$798,433 $706,814 $656,411 115,259  Total.................. $651,477 Rentals...... ..... .. .... ... 65,025 Interest paid during year 217,860  127,202  138,361  $925,635 $845,175 61,797 62,554 35,525 1,185,629  157,202  - - - -· $813,61363,657 896,070  Total.................. $282,885 $97,322 $1,248,183 $959,727' BaLoverint.& rents paid ,i sr.368,592 sr.828,313df. *403,008df. *146,114 -  ,r Additional expenditures for cons1'ruotion, equipment, etc., were as follows: in 1890-91, $269,294; in 1891·92 $255,278; in 1892-93, $126,· 828: in 1893-94 $20,778. * Paid from accumulated surplm1 in receivers hands. -(V. 57, p. 596, 683,979: V. 58, p. 127, 1109; V. 59, p. 116, 152, 332,. 371,453, 513,551,600,651,697,738,780,836,879,1007,1058,1141, 1145.)  ...  Cl)  '"'1  ~  P◄  ~ 00  ~  0 E-1  00  ~  ~ ,-, I() O')  ....  00  I>;  ~ ~  I-?   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  .l.NVESTORS' SUPPLEM ~~NT.  (VOL, I.JX.  Subscribers will confer a great f'avor by giving lnunedlate notice of' any error dl8covered In these Tables. RAILROADS.  For explanation of column headings, &c., see notes on :first page of tables.  Bonds-Prine! INTEREST OR DIVIDENDS. I Amount - - - - - - - - - - - - - - - - - pal,When. Due. Miles Date Size, or Outstanding Rate per When Where Payable, and by Stocks-Lasi Par of of Dividend. Whom. Cent. Payable Road. Bonds Value.  ---------------------1--- --- ----1------1---·-·· .... 495 iss6  Jfinn. ;:,'t. Paiil ti Sault Ste. Marie.-Common stock. Preferred stock, 7 per cent, non-cumulative .. __ . Minn. Sault Ste. Marie & Atlantic 1st M. gold .. c" Minneapolis & Pacific. 1st mort., $15,000 p. m .. c" 286 Consol. M., filtd, int. guar. (end.)-See text ..• . c* 970 Income cert cates .••.....•.• _....••.....•.....•.. .... Car trusts .•.....•.... ·-··-· ••.....••....•.....•••... Mississquoi Valley-Stock, 4 p. o. rental Cent. Vt .. Jl-tssouri Kansas ti Texas.-Common stock .......•.. .... Preferred stock, 4 per cent non-cumulative .. _... Tebo. & Neosho 1st mort., gold, s. f., red. at 100.. 100 M. K. & T. lstmortgageiitold .•.......•. --········ 1,601 2d mortgaf,e, (income · Aug., 1895) gold ...... 1,601 Kan. City & aoifio 1st mort., gold, int. gu. end. o* 125 67 Dallas & Waco lstM.,$20,000J'..m.,g.,p.&i. gu.o* Mo. Kan. &Easte:rr. lstM.,gol ,gu.p.&i. (end.).o* 162 2d M. for $500,000 f:'ld, ~ar., p. & i. (end.). . . 162 M.K.&T.inTexasl t .,$2 ,000p.m.,gold, u.o* 132 Booneville BridJ?e,lstM., gold., gu., dr'n at 1 0.o* ....  ..is  1886 1888 1890  .... .... ....  --·· isfo  Guar. bonds  f  6  companies operat'd separa.tely-  Sh.Sh.& So.1st .,$20,000p.m.l?&!Pl·,P·&i. (end.Jo* 155 8. W. Coal&Imp lstM.rnar. p. 1.end. s. f.in'99. .... .zLiss9Uri Pacittc-Btook, 55,000,000 authorized. Pac. RR. of Mo. 1st mort., extended in 1888, gold 283 2d mort. ext. in 1891 in gold, St. L. to K. C. o* 283 1st M., St. Louis real estate, ext. in 1892, gold. 13 1st M. Carondelet Br., g., gu. p.& i. (end.)ext.'93 3d M. (oov-er'pA.llprol?ertyof PaotiioRR. of Mo.) 296 55 Mo. Pacific 1st M., Lexmgton to Sedalia, Mo, gold Consolidated mortgage, $::J0,000,000, gold ... o*i1,076  1890 1890 1890 1890 1892 1892 1892 1873  --  --..ioo  ··-···  Road owned.  ....  5 g. J. &D. 1,200,000 1,000 do do 6 - J. & J. do 800,000 1,000 do 100 47,436,575 See text. Q.-J. N. Y., Mercantile Tr. Co. 1,000 do 4 g. F. & A. do 7,000,000 5 g. J. & J. 1,000 do 1871 do 2,573,000 do 5 g. M.&N. do 800,000 1872 500 &o. 245,000 do 610 500 412 g. A. & O. 1873 M.&N. 1,000 do do 3,828,000 7 1876 5 g. F. & A. 650,000 do 1880 500 &o. do do 6 g. M.&N. do 188011,000 14,904,000  isBs  Miles. ,  Operated jointly.  --  Operaltd separately.  24 St. Louis to Texas Junction. . 43 689 Kansas City to Paola......... 71 158 Whitesboro to Ft. Worth.... . -327 Total operated June 30,'94. 2,023 399  Total owned ...•........•. . 1,573 Sherman Shrev. &SouthernJ1iles. , J'ffers'n to Greenv.,Tex.,&o. 155 Iload leased. Texas .Jot. to Franklin Jct.·- 162 Paola to Ste,ens, etc .. _...... 150 Tbe Holden Branch, 54 milei;, owned by M. K. & T., is leased to Mo. Pnc., and not included in above mileage. M. K. & T. trains run into Galveston over the Galveston Hou ton & Bendt>ri;on tracks. See V. 57, p. 91, 853; V. 58, p. 430. Extensions from Parsons, Kan., to coal mines •. owned in southeastern Kansas, 16 miles, and a line from Holden, Kan., to Sedalia (called St. Louis & Kansas (;ity out-off), 35 miles, are projected. (V. 60, p. 83.) ORGA.:KIZATJON, &c.-Reorganized in 1890, without foreclosure, [plan ID V. 49, p. 719, 1 tbe old first mortgage being paid off at par. The "M. K. & 1'. Raj]war Company of T exas" was formed wUh capital of $8,000,000 to consolidate certai.n o! the roads in Texas. The entire &tock is deposited W?th Central Trust Co. as trustee for the benefit of the M. K. & T. security holders. (V. 54. p. 1047; V. 55, p. 298.) As to the Missouri Kansas & Eastern see below. M. K. & T. own entire capital stock of the Galveston Houston & H., operated under lease by Internat'l & Gt. Northern. V. 59, p.1141. LAND GRA~T.-Land grant in Indian Territory 3,110,400 a.ores, subJeot to extingnishment of the Indian title. (V. 55, p. 937.) ST0CK.-Besides stock as above the Boonville RR. Bridge Co. has $1,000,000 stock-par $100; and the M. K. & T. of Texas has $1,9b7,500, included by M. K. & T. in its balance sheet in the outstanding capital. 8 BONDS.-Full abstracts of the first mortgage of 1890 (trustee Central Trust Company) and of the seconcl m01·lgage (trustee Mercantile Trust Company) were in V. 51, p. 4.95. TheE>e mortgages cover the main line from Hannibal, Me., to a point 80 miles from Houston, Tex., a distance of 941 miles [except 71 miles of trackage] and sundry branches, the total mjleage mortgaged being 1,601 miles, including the Sherman Shreveport & So., formerly the East Line & Red River RR. The bonds of the Sher. Sbr. & So., except $1,050,000 (turned over to M. K. & T. for standard gauging the line (are deposited as part security for the aforesaid mortgages. These mortgages also cover the ri,tht to the land grant in the Indian Territory. ~ayment of interest on the second mortgafle of 18901s not obligatory condibeing tll!i August 1, 1895, payment of eoupons m meantime tioned "upon such. net earnings as shall remain at the expiration- of eaeh six n.ontbs after payment of operating and maintenance expenses, taxes, repaU's, renewals, replacements, in• &urance and interest on the :first mortga-1,te bonds." Interest payments: In Feb., lb92, 2 p.c.; Feb., 1893, 2 p.o.; Feb., 1894, 2 p.c. (V. 56, p. 127.) GU.ARANTIE8.-Interest 1s guaranteed on $2,500,000 Kusas City & Pae1fio 4 per cent bonds and on the Booneville Bridge 7s, and prln• oipal and 1:D.terest on Dallas & Waco bonds (issue limited to $1,340,000). The Mi&Bouri Ka,uas cf Eastern bonds are guaranteed, pr~iW:1 and Mo. 1ntereet the road forming the St. Louis exte:usion from Fr   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  .  1893 1889  Mlnneapoll8 St. Paul & Sault Ste. Marie.-( See Map.)Owna Minneapolis to Bault Ste. Marie, Mich., 491 miles; branohe , 15 miles; from ;.tiinneapolis northwest to Kulm, No. Dak. , 308 miles; Hankinson to International Boundary Line, No. Dak., 342 miles; trackage in Minneapotls, St. Paul, eto., 19 miles; total, 1,175 miles. Extension northwesterly to the International Boundary was completed in Sept., 1893, connecting with the Canadian PaoUio. HISTORY.-Formed June, 1888, by consolidation of the Minneapolis Bault Ste. Marie & Atlantic, the Minneapolilil & Pacific, etc. (See V. 4.6, pp. 538, 609.) Controlled in the interest of the Canadian Pacific. STOC:Hv..-After 7 p. o. on pref., common and preterred share pro rata. BoNDs.-Can. Pac. guarantees by endorsmnent 4 per cent interest on all the bonds assenting to a reduction of interest to 4 per cent. (Bee V, 50, p. 784; V. 51,p. 239.) About one-half the Minneapolis & Pacilio bonds and practically all of the other is1mes assented. V. 54, p. 799. Abstract of ninneapolis Sault Ste Marie cf.Atlantic mortgage in V. 45, p. 243. The consol. mortgage of 1888 (trustee, Central Trust Co., mortgage abstract CHRONICLE, V. 47, p. 142), was for $21,000,000 on 800 miles (sufficient of this amount be1ng rei;:erved to retire the prior bonds) and for $20,000 per mile on all additional mileage. Tn April, 1893, the company sold on account of 170 miles of new road $3,4201000, making total issued $12,909,000, and had for sale an additionru. ij:3,888,000 on 194 miles to be built in 1893. Bee mileage above. Bills :payable, including car t,rnsts May 1, 1893, $424,439; due Canadian loan account, $3,289,287. E.ulNINGs.-From Jan. 1 to Feb. 7, 1894 (114 month), gros1, $246,623, against $281,319 in 1893. In year 1893, gross $3,320,801; net, $859,7~8. In year 1892-t gross, $3,314,149; net, $1,240,946; interest, $866,710; rentals.,_ $16t>,318: taxes, $81,310; sundries,$67,627; balance, &urplus, $10~t.981. In 1891 gross, $2,586,821; net, $1,026,174. (V. 55, p. 723, 99::>; v. 56, p. 414, 710.) l't.118sonrl Kan11us & Texas.-( See Map.)-ROAD.-The lines, elearly shown on the map, embraced June 30, 1894, the following: Hannibal, Mo., via Denison & Whitesboro, to Henrietta.. Juno. City, Kan., to Parsons. Ft. Wortll to Bom,ton, Tex .. Branches (8) to Mineola., eto.  --·  . .... $100 $14,000,000 .... . -.. 7,000,000 100 ·-4·g. J. ..&.. J. N. Y., Morton, B. & Co. 8,280,000 1,000 3,216,000 do 4 do J. & J. 1,000 4 g. J. & J. do 1,000 14,284,000 do 771,000 .... ... . -.. 303,905 New York & Chicago. 500,000 4 per.an. J •·-&··J. St. Albans, Vt. 47,000,000 ..... ··-····--· 100 13,000,000 .~,rg. J. ··&·n. N. Y. Office, 45 Wall St. 187,000 4 g. J. &D. do do 5!6°l~. 39,813,000 4 g. F. &A. Feb., '94, 0011:. was pd. 500 &o. 20,000,000 g. 4 2,500,000 A. & F. 1,000 N. Y., Office, 5 Wall St. 1,340,000 5 g. M.&N. 1,000 do do g. 5 do 4,000,000 A. & 0. 1,000 do 5 g. A. & 0. do 500,000 1,000 do 5 g. M.& 8. do 2,635,000 1,000 do do 634,000 7 g. M.&N. do $ & £  . ....... Juiy. 1,"i92e. Jan. 1, 193& July 1, 1938 July 1, 190() 1896 & 1897 Jan., 1895  . --·- --·  Junt; 1,".i98S June 1, 199& June 1, 199& Aug. 1, 199(> Nov. 1, 1940 Apr. 1, 1942 Apr. 1, 194lit Sept. 1, 194!?; Hay 1, 190 i, June 1, 194 ~ 1929 July 15, 1891 Aug. 1, 1938 July 1, 1938 May 1, 1939, Oct. 1, 1938 Nov. 1, 1906 Aug. 1, 192(> Nov. 1, 1920  to Texas Junction, Mo .. 162 miles. The mortgage 1s for $4,000,000 See guaranty V. 56, p. 604 The M. K. cf T. in Texas in August, 1892, filed a mortgage to seonr $10,000,000 of aonds at $20,000 per mile for extensions in Texas. They are guaranteed principal and interest and are so endorsed; trus tee Central Trust Co. See above, and guaranty V. 56, p. 604. The Sherman Shreveport & Southern mortgage is for $6,100,000 at not exceeding $20,000 per mtle; authorized, $3,100,000, of wbioh $2,050,000 pledged under the M. K. & T. mortgage of 1890, and $1,050,000 issued t,o M. K. & T. for standard-gauging the road, formerly th& Ea t Line & Red River. Bee below. The line is operated separately. The Southeast.em Goal cf Improvement Oo.'s bonds are guaranteed. The oowpany's property includes 15,000 acres of coal lands, the Denison & Washita Ry., 15 miles, mines in active operation, etc•• the direct revenues in year 1892-93, it is said more than sufficing to, meet the interest on the bonds. The mortgage is for $1,000,000. Deferred payments due for oars, etc., on .July 1, 1893, wer~payment:6 extending till February, 1898, $493,179; payments extending till November, 1905, $260,634, to be made fromm1leave of oars. GENERAL FINA.NCES.-In 1888, when receivers were appomted, the road was dismembered and in bad physical condition. Since then large expenditures have been made for improvements, oonneotinglinks have been built and the line to Kansas City has been leased. Neither Sherman Shreveport & Southern nor the Coal Co. bonds are a. charge on M. K. & T. earn1ngs, both oompan1es being separately operated_ It is proposed to issue new first mortgage extenswn 5 p. o. 50-7eaigold bonds at" $20,000 per mile for new lines and equipment' for future branches. Two branohes, total 51 miles, are now projeoted-seeabove. Stockholders' meeting has been called for Feb. 1-i to ratify this programme. (V. 60, p. 83.) LATEST EARNINGS.-Ja.nuary 1 to Nov. 7, 1894 (10 months), gross $8,487,619 against $8,580,579 in 1893. In calendar year 1893 gros& $10,370,325 against $9,838,074 in 1892. ANNUAL REPORT.-Fisoal year ends June 30. Report for 1893-94 Wa& in CHRONICLE, V. 59, p. 833, and showed $460,384 Ppent for improTe-ments, eto., and charged to operatmg expenses. Earnings, eto., havebeen as below, the interest paid inoludinfl $400,000 (2 p. o.) on 2d mort. 1894. 1893. 1892. Year ending June 30.- 1891. Av. 1,712 Av. 1,960Av. 1,674 1,724 Miles operated June 30. Pai;:l'lenger earnings ..•.. $1,918,884 $1,870,269 $1,896,~87 $1,989,448' Freight .. ·--········--··· 6,918,355 7,319,912 7,876,357 7,359,21:i 528,629' 614,847 560,382 515,252 Mail, express, eto... _... Gross earnings .. _. .... $9,352,491 $9,750,563 $10,388,191 $9,877,290Oper. exp. and taxes .. -.$6,583,842 $7,317,493 $7,810,734 $7,205,941 2,597,490 2,671,349' Net earn., incl. oth. ino. 2,774,578 2,433,070 ·-······ 2,259,827 2,359,443 2,680,870Int. on bonds &rentals. ·····--· ··-···-· 94,300 ······-· Renewals, &o........... Ba.lance .... _.. -·._._  ---  --------  sur. $78,94.3sur.$238,047 def. ~,521 V. 57, p. 256,298,341, 375, 58, p. 223,430,476; v. 59, p. 833, 920  -(V. 56, p. 42,373,579,819; V. 57, p. 91;  763,764,786,805,853; v. 1141; V. 60, p. 83.) MisMourl Pacl1ic.-RoA.D-Tbe lines operated a.re as follows : Lines owned and controlled. Miles. Leased lines and trackage. Miles. Boonville St. L. &Southern_ .. 44 St. Louis, Mo., to Omaha, Neb.···-·---·········-·-···· 495 Osage Div. M. K. & T·--··-··-· 54= Pleasant Hill to Joplin, Mo.. 133 Verd. Valley Ind. &West ...• -- 81 12 branches owned .. _...... _. 445 Leroy & Caney Valley......... 5!?: KansasCity&S. W. ·- ---······ 4~ Proprietarylines[entirest'ok Trackage to St. Joseph, etc.... 29' own'd]form'glinetoPueblo, -Col., eto . .. ·--·-······-- ... -.1,833 Total Mo. Pacific and branch lines Dec. 31, 1893 ....... ····-- . . 3,214 Also operates Central Branch Union Pacific, 388 miles; St. Louis Iron. Mountain & Southern and leased lines, 1,773 miles. Grand total Mi&souri Paoifio mileage January 1, 1894, 5,375 miles. ORGANIZATION, LEASES, &c.-Tbe Pao1fio RR. of Missouri was sold ha-, foreclosure September 6, 1876. The present oom:pany was a consolidation in August, 1880, embracing the Missouri Paoi.flo and minor roads. The bonds of the proprietary lines are practically all pledged to secure, Mo. Pacific loans. The Iron Mountain stock: is mostly owned by th& Missouri Pacific. Complete control of the International & Great; Northern was seoured in 1892. Bee V. 54, p. 366. BTOCK.-Increase of stock to $55,000,000 was authorized in July 1890, and may be made as stockholders from time to time determine. DIVIDENDS-In 1881, 6; in 1882, 614; in 1883 to 1887, inclusive, 7 yearly; in 1888, 514; in 1889, 4; in 1890, 4; in 1891, 3 p. o; none since. BONDS -The Oarondetet branch bonds were extended for 45 years. from Oct. 1, 1893, at 412 per cent. The consolidated, mortgage is for $30,000,000-trustees John F. Dillon and Edward D. Ada.ma-the, balance unissued is in the hands of trustees to redeem prior bonds a.a. th~y fall due 1f deemed be&t. Bee abstract of mortgage in V. 47, p. 287. The collateral trust bonds due 1917 (Union Tru.st Company oi New York, trustee) are secured by mortgage bonds of new roads ai: ,12,000, or $15,000 per mile; these embra.oing the line from Fort Bcott, Kan •• u, Puehlo. Oel • etc,. For securities pledged, eto., see V. 46, p. 678.  JANUARY,  1890,]   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  RAILHOA.U STOOKS Al.(D .BOND~.  MAP OF THE  MISSOURI,  KANSAS & TEXAS RAILWAY.  83  INV ESTORS' SUPPLEMEN'r. Subscribers  ,vtn  [VOL. LX.  confer a great f'avor by giving -lminedlate notice oC any error discovered In these '.I'ables.  Bonds-Prtnof INTEREST OR DIVIDENDS. pal,WhenDue • Amount Miles Date Sfze, or Par Outstanding Rate per When Where Payable, and by Stocks-Last of .!For explanation of column headings, &o., see notes of Dividend. Whom. Cent. Payable Road. Bonds Value. on first page of tab les. RAILROADS.  Musouri Pacific-( Ooncluded.J- -  $1,000 $14.,376,000 9 ,636,000 1,000 520,000 1,000 806,000 1,000  5 5 5 5  4 ,000,000 1,000 210 1867 6,000,000 2d mort., iold, $1,()00 or .£200, at hold. opt'n.c* 310 1872 $&.£ 2,500,000 1,000 99 1870 Arkansas ranch 1st mort., land grant, !old.c 1,450,000 1,000 71 1872 Cairo Arkans as & Texas lstmort~age,gol .c*&r Gen. oonsol. & land f.M. ($45,00 ,000), gold.o* 1,428 '8lto'7 1,000 21,849,000 7,000,000 1,000 gol , stamped, guar. p. & 1..o" 1,428 do Do 1,717,000 .... ... Car trusts, Dec. 31, '94, due 10 yer cent yearly 153,020 is19 ... ... 1st :prdf. income bonds cumulative ..... . .. . ... r 200,000 1873 Barrng Cross Bridge Co., 1st mort., gold........ 3,412,000 Kansas & Ark. Val. 1st M. $20,000 perm., fold . . i65 1887 2,342,500 Little Rock & Ft. Smith 1st M.,land t;· sink. und .. 165 ,1875 500 &o. 435,000 1,000 Little Rook Juno. lstM., guar. p.&1. yiron Mt.. c* 2 1891 3,000,000 100 Mobile d Birminqham.-SliOck .. . . ................... .... isga 263,000 Receivers' certificates (authorized $263,000) ..... 3 000,000 1st, ($20,000 fcer mile) gold, guar. p. & i.. ..... c&r i46 1887 ...... l ,100,000 2d mortgage or $1,500,000, gold ....... . .......... 146 1890 1,000,000 1,000 85 1877 Mobile d Girm·d-lst mortiaie ($200,000 are 6s).c 1,000 :'\90,000 Consol. mortgage for $4, 0 ,000 .................. 122 1890 5,a20,600 100 Mobile d Ohio-Stock ($10,000,000 authorized) gold 7 000,000 lstM.,Mob. to Col. (prin.gold,int. lawi'ulmoney).c" 472 is19 500 &o. 1,000,000 1,000 1st mort., exten.,Colum. to Cairo & branch,goll\.c• 55 1883 7,886,530 ueneral mort. for $10,500,000, land grant, s. f..c 527 1888 500 &c. 1,000 459,907 '84•'90 1,000 2,500,000 isi 1892 ... . text) (see cent per 5 Income bonds non•oum., .... 1892 ...... 3,900,000 Monongahela River-SEE BALTIMORE & OHIO.  5 7 7 7 5 5 6 7 7 5 7 6  Gold collateral trust bonds ($15,000,000) ... c*&r 1,120 lat oollateralmort. bonds for $10,000,000 !,old.c* 671 52 Ler. &Caney Val.1st M.($10,00~.m,),~ol .,gu.c* Verdigris Val. Independence & . 1st M.,g.,guar. 81  M;i1souri Pa~ System-St. Louis Iron. Mt. & So .. .  1887 1890 1886 1886  St. L. Iron t.&80.lstM., extendedat5 p.o.in'92 . c  ---·  i:ooo  i:ooo  .1r!J?:~t~r~i~it:,$i5:oooi>.in::i:,gu:i>:.i..1:ceii:i,i  As to collate1·al trust bonds due in 1920, see V. 50, p. 669, 874. The Leroy & Oaney Valley Railroad in Kansas, 52 miles, is leased and bonds guaranteed by Missouri Pacific as also the Verdigris Valley Independence cl; Western, 81 miles. The Booneville St. e,. d So. RR. (.Booneville to Versailles, Mo., 44 miles) is leased at $25,000 per annum. B. St. L. & So. 1st mort. 6s for $400,000 due Aug. 1, 1911, are outstanding; interest is payable F. & A. at Am. Ex. Nat . .Bank, New York. GENER.AL FIN.ANCES.-Diviaends were discontinued in October, 1891, On Dec. 31, 1893, the floating debt of Mo. Pao. amounted to $6,779,302, including notes payable, $431 388, and" advances by directors," $4,· 142,033. Current assets, $4,464,954, including cash, $658,538, and due from St. L. I. Mt. & So. on current account~ $2,3-33,313. The annual report for 1893 states that the company holus i n its treasury stock s and bonds available for sale of a par value of $16,487,432, costing $9,321,549, and which paid dividends in 1893 of $529,022. The St. Louis I. M. & So. floating debt was $4,459,l:J87, including the above $2, 333,313 due Mo. Pao. and $1,887,787 advanced by directors. Current assets, $479,192. Total amount of Mo. Pacific and Iron Mount. securities funded from 7 and 8 per cent into 5 per cent bonds during the past three years amounts to $14.516,000, effecting an a11nual re• :inction in interest charges of $298,320." EARNINGS.-Jan. 1 to Nov. 7, 1894 (10 months), ~oss of Mo. Pacific and St. L. I. M. & So. (IOmbined, $18,885,604, against $21,117,926 in 1893. ANNUAL REPORT.-F$scal year ends Dec. 31. Annual meeting is held at St. Louis in March. Report tor 1893 was in V. 58, p. 472- ee also editorial p. 454. Earnings of Missouri Paci.fl.c system, excluding oper• ations of Central Branch U. P., have been as follows. "Other income" in 1893 includes dividend on Iron Mountain stock, $514,322; do. on Pacific Express stock, $216,000, etc. 1893. 1892. 4,987 4,98i Miles operated.............................. $24,018,339 Total earnings ...........................•.. $26,3-14,789 19,091,191 Operating expenses and tax~s...•......•.. 20,077,040 Net earnings............................ $6,267,749 (76·209) Ratio oper. expenses and taxes to earns.. 698,704 Other income, dividends, interest, &o..... Total net income ..••. , ..•.•........•..• $6,966,453 Interest paid on bonds.. . .................. $4,993,953 532,650 Rentals................. . . . . . . .. .• . . . . . . . . . . 636,233 Sundry accounts............................  -----$4,927,148 (79·486) 1,543,711  $6,470,8 59 $5,026,922 529,851 805,282  $108,804 $803,617 Surplus.................... . ............. For the Missouri Paoiflo proper and branches (3,214 miles), not ineluding Iro:c. Mountain and other auxiliaries, the report was as follows: 1893. 1892. 1891. Year ending Dec. 313,214 3,214 3,195 Miles operated December 31..... $2,393,776 $2,641,684 $2,663,798 ..•.....•..••.. earnings Passenger 8,190,509 Freight........................ . .. . 8,865,315 10,301,205 1,720,588 1,712,111 Mall, express and miscellaneous.. 1,691,984 Total earnings ...........•..•. $13,221,097 $14,655,000 $12,304,873 10,837,725 10,029,417  Total operating expenses......... 9,920,148  Net earnin~s .........•............ $3,300,949  $3,817,275 664,287  $2,275,456 1,387,094  Total net income .•••••.•.•••.. $3,935,003 Interest on bonds ....••....•.•..•. $2,776,580 Dividends.......................... 1,422,859 Taxes, rentals, &c........... . • • • . • 1,824,796  $4,481,562 $2,734,850  $3,662,550 $2,780,848  1,028,095  tio2:s¥i  Dividends, mterest, &c., received.  634,054  +$88,861 Balance for year ..••...•••...•••• -$2,089,232 +$718,617 tThls item includes: Taxes, $584,054; rentals, $139,682; miscellaneous, $69,105. (V. 56, p. 463, 484, 498, 501, 668; V. 57, p. 469; V. 58, p. 454,472,474, 1109.) Missouri Pacific System-St. Loull!I Iron Mountain & Southern.-Owns St. Louis to Texarkana, Texas Line, 490 miles; branches to Belmont, Mo., Bird's Point, Mo. (Cairo), Camden, Ark., Helena, Ark., Cushman, Ark., Arkansas City, Ark., Warren, Ark., Mem• phis, Tenn. &o., 747 miles; Houston Central Arkansas &Northern R a ilway, McGehee, Ark., to Alexandria, La., 190 miles; total owned J anu•l\ry 1, 1894, 1,427 miles. Leases Little Rook & Fort Smith and Little :Rook Junction railroads, 176 miles; Kansas & Arkansas Valley RR., 170 miles. Total operated December 31, 1893, 1,773 miles. 8TOCK.-8tock $25,788,925, of which $25,716,105 Jan. 1, 1894, was owned bv Missouri Paoiflo-mostily acquired in 1881. LANDs.-The sales of land in Arkansas for 1893 were 28,393 acres a.t $3·08 per acre, the total sales, including town lots, being $ 87,517; in :Missouri were 3,003 acres for $ ,t-17 per acre, the total sales including town lots, being $12,537; from Little Rook & Fort Smith grant 12,404 acres tor $2·83per acre. Lands in Arkansas uneold Dec. 31, 1893, 659,951 acres; in Missouri, 75,414 acres; of L. R. & F. 8., 537,185 acres. BoNDs.-The general consolidated mortgage is for $45,000,000, bonds being reserved to retire all prior issues these covering only 485 miles.   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  ....  8. N. Y., Mercantile Tr. Co. do A. do J, do do do 8. do  Jan. Aug. July Moh.  1, 1, 1, 1,  F. & A. N.Y. Mercantile Tat Co. M.&N. New York or London. J. &D. N. Y.,MeroantileTr. Co. do do J. & D. do A. & 0. do do A. & O. do Quar'ly. do do do da March. do do g. .&..J. do do g. J. do do J. & J. do A. & 0. do  May May June June Apr.  1, 1, 1, 1, 1,  g. g. g. g.  M.& F. & J. & M.&  1897 1897 1895 1897 1931 1 Afs9s:illt May 1, 1897 Apr. 19, 1898 Jan. 1, 1937 Jan. 1, 1905 Apr. 1, 1916  g. g. g. g. g.  ----  . .......  ···-······  ..5.g. J, .&.. J. Jan.,'92,ooup. last paid. & J. 51' J. J. & D. June, '92, last paid. 4& .......... J. &D. 5 ..6. J. ·&·n. N. Y., Fa.rm. L. & Tr. Co. do do : g. ~-Jan. . & 8. N. Y., Gallatin Nat. Bk. Vario's. Tr. Co. & L. Farm. Y., N. 6 4 g. M.& 8. N. Y., Knickerb. Tr. Co. 29 Aug, earned. when Of., Y. N. Upto5  1917 1920 1926 1926  1;  .i937 Jan:· Jan. 1, 1937 June 1, 1897 1940  ........  Dee. 1, 1927 July 1, 1927 Sept. 1, 1938 Var., '95-1899 Sept. 1, 1991 Sept. 1, 1992  The mort. is a first lien on the 947 miles in Arkansas and Louisiana and on all unsold lands, amounting to 735,365 acres on Jan. 1, 1894. Trustee of mortgage, Mercantile Trust Co. of New York. As indicated in tbf3 table above, part of the general mort~age 5s (Nos. 11;001 to 18,000 inclusive) are endorsed with the Missouri Pacitlc's guaranty of principal and interest; form of guaranty was m V. 56, p. 650. "Advances by directors" J"an. 1, 1894. $1,887,787 ; due Mo. Pac., current accounts, $2,333,313. In 1894 oar trusts decreased $271,500. In 1893 general consols for $2,857,000 were issued to purchase the Houston Central Arkansas & Northern, making total issue guaranteed and unguaranteed $28,849,000; N. Y. Stock Exchange in November, 1894, reported $25,338,000 outstanding. ANNUAL REPORT.-Report for 1893, in V. 58, p. 473, showed: 1893. 1892. 1891. Year ending Dec. 311,773 1,770 1,547 Miles operated Dec. 31... ••. .. . Gross earnings .....•........••. $11,581,034 $11,689,789 $11,713,465 $3,485,714 $3,289,327 Net earnings................... $3,877,034 156,606 32,511 20,413 Other receipts..................  ---·-- ---------$3,321,838 $3,642,320  Total net income........... $3,897,447 Interest on bonds.............. $2,271,471 1,586,229 Taxes, bridge exp., rent'ls, &c. ......•. Dividends.......................  $2,259,103 977,535 . ....•..  $2,246,074 t860,691 (5) 515,623  Balance for year ..••.•..... sur. $39,747 sur. $85,200 sur. $19,932  t This item includes: Taxes, $249,969; rentals, $390,169; commis-  sion !or extending bonds, car trust expenses, eto., $220,553. -<V. 53, p. 100, 551; V. 56, p. 465, 499; V. 57, p. 1039; V. 58, p. 473,) lUoblle & Blrmlngham.-ROAD.-Owns from Mobile to Marion Junction, Ala., 149 miles; trackage to Selma, 14 miles; opened in July, 1888. Line of 3 miles into Mobile completed in September, 1893. HISTORY, ETC.-EastTennessee Virginia & Georgia, which guaranteed first mortgage, in June, 1892, went into receiver's hands, and T. G. Bush, was appointed receiver of Mobile & Birm. Coupons due July 1, 1892, were not paid. See V. 55, p. 21, 59. Net current liabilities June 30, 1893, were $215,710. The Richmond &West Point Terminal reorganiza tion pla.n issued in Feb., 1894, excluded the M. & B. bonds as their holders had refused terms previously offered. Mortgage abstract V. 57, p. 274. ANNUAL REPORT.-The receiver's report for the year ending June 30, 1894, was in V. 59, p. 290. Gross, $282,998, against $281,373 in 1892-93; deficit under operating exps. and taxes, $8,154, agst. $54,824. -(V. 51, p. 612; V. 55, p. 21, 59; V. 56, p. 882; V. 59, p. 290, 1058.) Mobile & Glrard.-OwnsColumbue, Ga., to Searight, Ala., 122 m RECEIVERSHIP.-Was leased to Central RR. of Georgia, but a receiver was appointed Nov. 11, 1892, and in July, 1893, suit was brought to foreclose the mortgage of 1877. It is said sale will be in 1894. Receivers are now H. M. Comer and R. Somers Hayes. BONDHOLDERS' CO!IMITTEE.-Frederio Cromwell, Adrian Iselln, Jr., Edward N. Gibbs. W. Emlen Roosevelt; depositary, N. Y. Guaranty & Indemnity Co., 59 Cedar Street, N. Y. Over 8S per cent of the bonds are said to have been deposited. (V. 59, p. 920.) BTOCK.-Common stock, $1,251,208; preferred, $11,344, and $2,530 Pike County; par, $100, Cent. RR. of Georgia owns $816,'WO stock. BoNDs.-Theflrstmortgage bonds, of which $200,000 are 6s and $800. 000 4s, are guaranteed, principal and interest. Consols. at $12,600 per mile for extensions were authorized, the total issue not to exceed $4,000,000. The Central of Georgia owns the $590,000 oonsols issued. Default on dividends and 1st mortgage interest occurred Dec. 1, 1892. For year ending June 30, 1894, gross, $217,671; net, $76,433. In 1892-93, gross, $207,925; net, $11,532. In 1891·92 gross $182,532; net, $5,130; in 1890·91 gross $205,145; net, $4,815. (V. 59, p. 920.) Mobile & Ohlo.-(SeeMap.)-Owns from Mobile, Ala.., to Colum hus, Ky., 472 miles, proprietary line, Kentucky & Tennessee Ra.llroad to Cairo, 21 miles; also branches to Starkville, &c., 34 miles; total owned, 527 miles; leases St. Louis & Cairo (which see), Cairo to St. L. 152 miles, and track to Millstadt, 9 miles; total operated, 688 miles. HISTORY, ETC.-Opened in 1861, reorganized in 1879 without fore closure. As to proposed extension to Montgomery, Ala., see .Montgom ery Tuscaloosa & St. Louis. L.ANDS.-Lands June 30, 1894,lwere 557,965 aores, valued at $273,397 8TOCK.-8took authorized, $10,000,000; outstan~, $5,320,600 par, $100. The voting power on $4,942,100 of the stock 1S exercised by the g ener al mortgage bondholders by virtue of the deposit in trust under the general mortga ge of the old debentures of 1879, upon which this v oting power was conferred. The Supreme Court of Alabama in April, 1893, decided that the voting trust is still in force and valid. BONDS.-Under the general mortgage of 1888 (trustee, Farmers' Loan & Trust Co.) there can be no foreclosure till tour ooupoD.8 are in default. Of t he $10,500,000 authorized, the amount canceled by sinking fund is $733,500, in reserve in treasury $1,879,970. Mortgage abstract, V. 47, p. 83. Lo ans a nd bills payable June 30, 1894, $631,688. EARNINGS From July 1 to October 31, 1894 (4 months), gross, $1,008,604, against $985 472 in 1893.  JANUARY,  RAILROAD STOCKS AND  1894.J  BONDS.  MAP OF THE  MOBILE & OHIO RAILROAD AND ITS CONNECT.I ONS.  A   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  .R  •  INVESTORS' SUPPLEMENT.  88  Sub•crlber• will cont'er a · great Cavor by giving lm.m.edlate notice  ol.'  [VOL, LX.  any error discovered In these Tables.  INTEREST OR DIVIDENDS. !Bonds-Prf.ncf.RAILROADS. Due. Miles Date Size, or Amount Rate per When Where Payable, and by pal,When St.ocks-Last of Par For explanation of column headings, &c., see notes of Whom. Dividend. Road. Bonds Value. Outstanding Cent. Payable on fl.rat page of tables.  Monterey ti Mex. Gulf-lat. M. $25,000 perm., g.c* Montgom ti Eufaul~lat, s. f., $15,000 not dr'n .. c* Mont. Tusc. ti St. L.-lst M., g., $3,500,000 i;m. p.&i.  .Morgan's La. ti 'J exas-N. 0. Opel. &Gt.West. lstM. lat mortizage (1' ew Orleans to Morgan City) •.. c* lat ~o1}age, Alexandria Extension, gold ....•.•. JMorris ti ssex--Stock, 7 c. guar. D. L. & W .•.... let mo~age, sinking und ..•.........•........... Converti le bonds ......•........................... Gen. M. & let on Boonton Br. &c. ('fi1:ar. D.L.&W.) Consol. M. (for $25,000 000) guar. . L. &W.c*&r ~ecial real estate bond.a .......................... orris & Essex Extension stock,/uar. 4 per cent. Morrislawn& Oum. Gap-latM.,$2 ,000p.m.,gld.c* Mt. Holly Lumb. & Mei:l(d-lst M. gu. p.& i. Pa. RR. Nashua & Lowell-Stoc ,9 p.c. rental,92 yrs. B .&M. Bonds not mortJ?age ............................... MashirUle Chattanooga & St. Louis-Stock ........... let mortgage (for $6,800,000) •••............. c*&r 2d mortg~e, gold or silver . ................... c* &r lat M. on ayette. andMcM.brs.($6,000p.m.)c*&r 1.st mortgage on Lebanon Branch ............... c* let M. on Jasper Br. ($90,000 are 8s, due 1906)c* 1st mortgage on Centreville Branch, ~old .... c*&r let M. on Tracy City Br. (Tenn. C. & . RR.) .c*&r let M. on Bon Air Br., red. at par aft. July '97, ... c" ·ConsoL M. ($20,000,000), $20,000 p. m., gold ... c" Duck River RR. ht mortgage, 1st, 6 & 8 per cent 2d mortgage ............... . ................. ... .Nashville cl: .Decatur-Stock, guar. 6 c. bf L. & N. lat mort., guar., s. f. ($200,000 be din smk. fd.) . .Nash. Flor. ti Sheff.-lst M. ($2,500,000), gold, gu.c ..Nash'IYilte cl: Knoxville-lat mort. for $2,000,000 .. c*  /u:  fc·  389 81  ·so  102 157  ·si .... iii ···2 40  "15  .... 340 321 125 29 43 46 20 7 740 48 48 119 119 91 73  --- - - ----- ---1888 $1,000 $9,727,000 5 g. M.&N. N ov.,'91,coup. last paid. 1879 1893 1859 1878 1880  1,000 1,500,000 1,000 249,002 678 1,000 5,000,000 1,494,000 1,000 .... 50 15,000,000 1864 500 &c. 5,000,000 Var'ue 1,000 281,000 1871 1,000 4,991,000 1875 1.000 12,151,000 Var'ue 2,795,000 100 221,000 is9i 1,000 1,000,000 75,000 .... 800,000 100,000 isso 100 10,000,000 i873 1,000 6,300,000 1,000 1881 1,000,000 1,000 1877 750,000 1,000 1877 300,000 461,000 '77·'83 1,000 1,000 376,000 1883 ;';20,000 1,000 1887 1,000 130,000 1887 1888 1,000 4,958,000 1876 ...... 86,000 1881 22,000 ···25 2,303,582 1,000 is7o 2,100,000 1,000 1887 2,096,000 1,000 1888 1.179.000  .. ioo  Nov. 1, 1938 6 J. & J . Jan.,'93,coup. last paid. July 1, 1909 1943 5 N. Y.,B.Pao:eo:;~faBroad Apr. 1, 1899 5 A. & 0. do do Apr. 1, 1918 7 do July 1, 1920 do 6 ~- J. & J. 7 per an. J. & J. N.Y., Del. Lack. & West. Jan. 1, 1895 M.&N. May 1, 1914 do do 7 J. & J. do do Jan. 1, 1900 7 A. & O. do do Oct. 1, 1901 7 J. & D. do do June 1, 1915 7 Various. do do 412& 5 do do 4 per an. M:·&·N. Nov., 1894 None paid. 6 g. J. & J. Jan. 1, 1921 A. & O. Phila., Pa. RR. Co. Apr. 1, 1899 7 9 per an. M.&N. Nashua, In<aan Hd. Bk. Nov. 1, 1894 J. & J. do do July 1, 1900 5 Q.-F. N. Y. and Nashville. Text. Feb. 1, 189 5 J. & J. N. Y .. ContinentalN. Bk. July 1, 191 3 7 J. & J. do do 6 Jan. 1, 1901 J. & J. 6 do do Jan. 1, 191 7 . do J. & J. do Oct. 1, 191 7 6 6g. &8 J. & J. do do Jan.,1906&'2 3 6 g. J. & J. do Jan. 1, 192 3 <lo 6 J. & J. do do Jan.1896 to'l 7 6 J. & J. <lo do July 1, 191 7 A. & 0. do .Apr. 1, 1928 do 5§' J. & J. 6& do do Jan. 1, l~~ 6 6 g. M.& N. do Nov. 1, 1909 do 6 per an. J. & D. Nashville. Dec. 1, 189 J. & J. N. Y., 120 Broadway. July 1, 1900 7 5 g. F. & A. N. Y. and Lonisvillfl. Augil{ 1937 n M. & N. N. Y .. Mercimtil e Tr.Co. 8  A:·;.:·o.  "  ANNUAL REPORT.-Fi.scal year ends June 30. Report for year 1893-94 ashua & Lo,vell.-Owne from Lowell, Mass., to Nashua, N. H. v. 59, p. 648. 15 miles. On October 1, 1880, a lease for 99 yearR to the Boston & Lowell was made. In 1887 lease was transferred to Boston & Maine Year end'g June 30- 1891. 1892. 1893. 1894. Railroad Company, which pays a rental of $73,000 (9 percent on Rtock). 'Total gross earnings. $3,559,138 $3,443,760 $3,358,471 $3,253,692 Net earnings ......... 1,215,713 1,086,293 1,099,281 1,216,972 The funded debt is assumed by tbP lessee. and the lessor holds the lessee's notes for same amount. Bonds due Aug. 1, 1893, were paid. .P. ct. op. ex. to earns. 72·92 69 · 10 67·27 62·60 Interest and rentals. 1,070,500 1,044,130 1,044,381 1,037,323 Nashville Chattanoocra & St. Lonis.-(See Map.}-Owns from Balance, surplus.. . *$145,213 *$42,163 *$54,900 *$179,649 Chattanooga, Tenn., to Hic~an, Ky., 320 miles; branches to Lebanon, &c., 427 miles; leaRes Western & Atlantic, Chattanooga, T TID., to *There was also expended for equipment and new construction Atlanta, Ga., 137 miles; owns all eapital stock of Rome Ra;lroad ot -(additional to operating expenses), $4f>l,980 in 1890·91, $218,070 in Georgia, Rome, Ga,. to Kingston, Ga., 18 miles, and beJ?an onerating 1891-92, $210,902 in 1892-93; $172,331 in 1893·94. (V. 57, p. 60, the road Nov. 1, 1894; total operated, 902 miles, of which 74 miles ~36, 722; v. 58, p. 223,866,987; v. 59, p. 191, 648.) completed in 1893•94. ORGANIZATION.-A. majority of the stock ($5,500,500) ls owned by the .lffoha-wk & Malone.-(See Map N. Y. Oentral.)-Owns from Herkimer, N. Y .. on the N. Y. Central's main line northerly to Malone, on Lownille & Nashville, and pledged under its llllitled mortg-age, etc, so ,the Central Vermont, with branches, 181 miles in all. that the two systems are operated in close harmony. The Western & HISTORY, LEASE, ETC.-Completed in November, 1892. Furnishes Atlantic is leaRfl<1 from the State of Georgia for 29 yeare from Dec. 27, access to heart of Adirondacks and forms link in a new through 1890, at $420,012 per annum. line from New York City to Montreal. In 1893, N. Y. Central leased DIVIDENDS since 1886-In 1887, 4; in 1888, 414; from 1889 to August , .the road and guaranteed its first mortgage bonds. The surplus in any 1893, both inclusive, at rate of 5 p. c. yearly; in Nov., 1893, none. In year after payment of the first mortgage interest for that year to pay 1894, Feb., 114 p. c.; May, 114 p. c.; Aug., none; Nov., 1 p. c.; in 1895, not exceeding 5 per cent interest on the incomes. N. Y. Central owns Feb., 1 p. c. the $4,500,000 stock, and bas the option of retiring the incomes at any BoNns.-The Tracy City branch 6s fall due $20,000 yearly on Ja.n. 1, time, and issuing in lieu thereof :.:?d mortgage g11aranteed gold 4 per 1895, to 1916 inclusive, and $100,000 on Jan. 1, 1917. -cent", due Sept. 1, 1991. See official statement V. 56, p. 501. As to The consolidated mortga"'e of 1888 (United States Trust Co .• trul'tee), bonds, see V. 56, p. 782. (V. 57. p, 22.) provides that all prior boncls shall be paid otf at mn,turit.v: sufficient of Monterey & Mexican Gulf.-Owns road completed in August, the $20,000 per mile are rei>erved for them. The Rome Railroad mort1891, from Venadito (on the Mexican International Railroad) via gage bas been discharg-ed of record. (V. 59, p. 835.) 'Monterey to Tampico, on the Gulf, about 390 miles. See V. 54, p. 964. Western & Atlantic income mortgage 5s for $6 f- 0,000, (rentral Trust HISTORY.-April 23, 1892, J. Robertson was appointed receiver. In Co., N. Y., trustee). Bonds were in 1894 issued to reimburi;e the N. C. & St. L. for renewals and improvements made on that road. The -Octooer, 1893, a llond.holders' committee orgamzed a corporation in .Belgium-The Societe Anonyme Belge de Chemin-de-fer au Mexique- incomes are secured by mortgage on all W. & A. property in poRsession ot N. C. & St. L .. and also cover the $500,000 State or Georgia bonds which bolds 5 l per cent of the M. & M. G. stock. Nearly all the M. & M. G. bonds amt past due coupons have been exchanged at par for the deposited with the State Treasurer as security for the lease. Each Jan. 1, 26 bonds fall due. :$1,000 shares ot this co. CoudertBros., 68 William St., N. Y., attorneys. .A.ugustu.s Frasez, President, Brussells, Belg. Mexico gave this road a GENERAL FrNANCES.-In 1893·94 $162,000 1st consols were issued <Subsidy of $14,222 per mile"in 6 p. c. silver bonds. Stock $100,000. for construction, eto., but these were heid in treasury June 30, 1894, EARNINGS.-January 1 to Aug. 31, 1894 (8 months), gross, $748.471, $100,000 so held June 30, 1893, having been sold during the year. Bills payable Wflre $768,718 on July 1, 1894. . agai~st $673,758 in 1893. _In year 1893 gross, $997,810, it.~ains~ $774,~80 m 1892 and $883,462 m 1891. (V. 56, p. 463, 835; V. 57, p. 638.) EARNINGS.-4 months, ~ 1894 .....•.. gross, $1,547,136; net, $661,306 July l to Oct. 31. 5 1893 ........ gross, 1,510,851; net, 656,033 Montgom.ery & EuCanla.-Owns Montgomery to Eufaula, Ala., 80 miles. Foreclosed May 1, 1879, and re-organized. Operated under ANNUAL REP0RT.-Flscal year ends June 30. The report for 1893·94 contract by Central of Georgia, which guaranteed the principal and interest of bonds. Stock is $620,000, all owned by Cent. ot Ga. Judg- :::: fil6r~d:i 1:~g::ei~~t ~~i!'1t·9l~J2.662. The Westcl'n & Atlantio ,nent under mortgage obtained by F. L. & T. Co. in July, 1894, for Year ends June 30. 1891. 1892. 1893. 1891. :$1,640,000. v. 59, p. 152. Mileage end of year...... 652 810 810 884 In year ending June 30, 1894, gross, $205,808; deficit under operat- Gross earnings ........••.. $3,943,304 $5,353.288 $5,131,779 $4,521,662 ing expenses, $:-125; in 1892-93, gross, $255,184; detlcit, $28,020. ln Net earnings ............. . 1,619,581 2,029,007 1,992,374 1,850,482 1890-91 gross, $307,613; net, $58,55~. See Central of Ga. July, '93, Investments, etc.......... 37,482 31,886 170,061 33,443 ~interest was not pa.id. (V. 59, p. 152.) Montgomery Tuscaloosa & St. Louls.-Projected Montgomery, Net income ..... ...• ... .•. $1,657,063 $2,060,893 $2,162,435 $l,883,925 914,799 950,515 1,012,331 1,022,571 Ala., to Columb11s, Miss., with branches, 198 miles. In 1893 contract Interest on debt and taxes ..•. 420,012 420,012 420,012 was made with Mobile & Ohio to guarantee the bonds. Road to be Rental W. & A. RR....... Improvements............ 142,617 118,111 51,355 25,537 lbuilt when times improve. (See V. 57, p. 722.) Dividends ..............•• (5)333,427 (5)500,000(5)500,000(2¼)250,000 Morgan's Leulslana & Texas KR. & Steam.ship Com. pany. -( See Map of Southeni Pacijtc.)-ROAD-Owns New Orl~a.ns to Cheney• Bala.nee, surplus.......... $266,220 $72,253 $178,738 $165,805 ville, 204 miles; branches, 55 miles; trackage to Alexandria, 24 miles. -(V. 57, p. 494, 509, 514, 684, 1039; V. 58, p. 344; V. 59, p. 234, ORGANIZATION.-The Southern Pacific Company, OU Jan. 1, 1894, held 53U, 551, 562, 836.) .$14,995,000 of the $15,000,000 stock and operated road under lease. The lessee pays all charges and also 23 per cent of the net profits under Nashville & Decatur.-(See Map Louis'IYille cl: Nash'IJille.)-Owna the "omnibus lease." Company has 12 iron steamships and 9 ferry from Nashville, Tenn., to Decatur, Ala., 119 miles. Leaseo to Louisville .:andqver steamers and tugs plying between New York and New Or- & Nashville tor 30 years from July 1, 1872, at a rental of 6 p. o. per ann. _leans and between Gulf ports; also wharves, warehouses, ana on Jan. on stook. Tbe less~t assumed all the debt and owns $915.800 of its Rtock. 1, 1894, owned $740,500 bonds and $781,248 stock ot other companies. On June 30, 1894, sinkin~ fund held bonds ot faoe value, $581,500 of EARNINGS.-9 months, ~ 1894 ....•. gross, $3,953,970; net, $692,979 which $200,000 were N. & D. firsts. See V. 59; p. 601. Jan. 1 to Sept. 30. 51893 ....•• gross, 3,701,964; net, 535,164 EARNINGS.-In 1892·93. gross $1,468,199; net. $$450,664; interest, For year 1893 fn'Oss, $5,687,297; net, $1,379,183, against $1,454,- $147,000; balance for dividends, etc., $303,66!. In 18.H-9J gro-3s, <633 in 1892; surplus over charges, $251,962; net profits due com- $1,443,431; net, $484,318. _pany under lease to Southern Pacific, $608,842. Nashville Florence & Sheffl.eld.-(See Map Louis'IYilte if Nas"h,Morris & Essex.-(See Map of. petaware Lackawana & Western.)Owns from Hoboken, N. J.1 to Phillipsburg, N. J., 85 miles; branch, 'IJille.)-OWilB from Columbia, Tenn., to Florence, Ala., 79 miles, with .Denville, N. J., via Morris di Essex Tunnel, to Hoboken, N. J., 35 miles; branch Iron City,i.Tenn., to Pinckney, Tenn., 12 miles, and has traekae:e, Florence to Sherneld (Memphis & Charleston Railroad), 3 miles; opereases 16 miles; total operated, 136 miles. ates Napier branch, 11 milt,S; total, 105 miles. Operated by Louis.ville LEASE.-Leased in perpetuity to DelawareLackawana & West., which & Nashville, which company guarantees the principal and interest of .assumed all liabilities and pays 7 p. c. per annum on the capital stock. the bonds by endorsement, and owns $729,400 of the $862,050 stock, They also agree to pay 8 per cent in case 30 per ceut of the gross earn• par $100. Stock authorized, $2,000,000. Due L. & N. on open account ings in any one year shall be sufficient to pay all charges and 10 per June 30, 1894, $513,818. In 1892-93 gross earnings were $199,922; cent on the stock. See form of guaranty, V. 56, p. 812. net, $28,447; taxes, $6.1,.292; interest, etc., $125,374; deficit, $103,219. EARNINGS.-The road is important to the Delaware Lackawanna & In 1891·92 net, $18,00~. (V. 53, _p. 793.) Western as a route with terminal facilities on New York Harbor, but the actual earnings on the road show a larg;e annual deficit for the Nesquehoning Valley.-Owns from Nesquehoning Junction, Pa.., lessee company after the payment of rental. The loss to lessee was to Tamenend, Pa., 17 miles; Tunnel Branch, to Lana!ord, Pa., l mile. 1n 1891 over $900,0J0; in 1 892 about $1,500,000; in 1893, $1,525,959. Le'.l.sed for 999 years to the Lehigh Coal & Navigation Company. In -;In 1893 grosR earnin!?R of road proper (119 milesl wer_. f!5,791,2u?; 18~4 the option to purcua,ge the dtocll at pa.r aud interest was snspended net, $1,16-1,471. In 1892 gross, $5,772,665; net, $1,1-19,429. for 20 years, with a, guarantee of 5 per cent per annum on stock. i.n   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  N  ----------  ' ,_ 00  MAP OF THE  NASHVILLE, CHATTANOOGA ~ST.LOUIS RAILWAY  ctl Q  ~~ A  ~ ell  ~  0 E-t ell  0 ~  I --,  10 ~ .....  ~  ij - ~   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  ss  INVESTORS' SUPPLEMENT.  LVoL, LX  Subscribers ,vlll confer a great .f avor by giving 1In1nedlate notice of' any error discovered In the8e Table8. Bonds-Prmc1RAILROADS. INTEREST OR DIVIDENDS. Miles Daie Size, or Amount Rate per When Where Payable, and by pal,When Due of Par For explanation of column headings, &c., see notes of Stocks-Last Road. Bonds Value. Outstanding Cent. Payable on first page of tables. Whom. Dividend.  --·  Nau,gatuck-See NEW YORK NEW HA.VEN & H.A. RTFOR D. 18 Nes(!Uelwning Vat.-Stock, 5 p.c. gu. till 1904 ....... $50 $1,418,600 5 per an. M.& 8. Phila., 226 So. Third St. 790,000 .Nevada-Calif.-Oregon.-lst M. $2,200,000, gold. 6 g. J. & J. N. Y., Moran Bros. ·94 1,()00 Nevada Central-1st M. g., income (sinking fund) .. 750,000 5 g. J. & J. No coupons paid. 1,000 Jan.'94,none Nevada Southern-1st M., $1,500,000, gold .... c*&r 30 1893 5 g. J. & J. 1,000 6 1871 250,000 M.& S. N.Y., L. E. & West. RR. Newark ti Hudson-1st mortga~e .................. c 7 44 1869 500 &c. Newark Somerset & Straitsv.-ls M.,ext.in '89, g . c* 800,000 ~ g. M.&N. N. Y., Union Trust Co. 59 226,000 ](ewburg Dutchess ti Connecticut-Col. trust bonds. .... .... 1891 M.&N. ~. Y., Central Trust Co.  1888  Income mortgage for $1,625,000 ..........••.... r  New Castle & Beaver Valley-Stock ....••...••...•••• New Castle cit Shenango Valtey-lst M., int. /Z'lta.r... New Jersey Junction-1st. M.,juar. byN.Y.Cent.c&r New Jersey ti New York-1st . (reorganization) .c*  ·<rea.:  atter  1 N. i·siii.".iiio;ocio New Ot·t. & So.-Prior lien M.scrip,gold,red. at 105 c"  i>·.in:;i:,o/&r  1st mort. for $1,000,000, income for five years...  Ne7.ort News ti Mississippi Vatley-Stock . ......•••  N. . Brooklyn & Manhat Beach,-Common stock... Preferred stock, non-cumulati,e.................. N. Y. & Manhattan Beach 1st mortgage....... c* N. Y. B. & M. B. 1st con. M., gold, guar. by L. I.c* New York ti Oanada-lstM.ster.,guar.D.&H.,Can.c· New York Cen,tral ti Huds01i River-Stock .......••. N. Y. C. & H., { $30,000,000 coupon or reg { 1st mort.... £2,000,000 ·  I  6 See text. 6 g. 4 6 5 5  121 196 196 77 66 66  isso 1885 1881 1890 1891 1891  9 per.an . 4&5 6 g. 6 5 g. 5 g. 6  J. A. J. J. A.  ----  .....  ..........  5 per.an. 7 5 g. 6 g. See text. 7 6 g.  A ...&..O. J. & J. A. & O. M.&N. Q.-J. J. & J. J. & J.  .... -·-·  "'io  N. Y., L. I. RR. Co. N. Y.,CorbinBank'gCo. do do London, Barinf Bros. N. Y., Gr. Cent' Depot. N. Y., Gr. Cent. Station. London, Union Bank.  ocr,··is93 Jan. 1, 1897 Oct. 1, 1935 May 1, 1904. Jan.15,1895 Jan. 1, 1903 Jan. 1, 1903  17 5 34 34  yeii.rai:~ ......  t~~~;1\8i~.e$i·,2·00;000 ·io5· is" N. J. &N.Y.Extension lstM., int. guar .......... New London Northern-Stock ..•..•.......•.......••. Consolidated M., now 1st M. ($688,000 are 4s).c* New Orleans ti North Eastern-Prior lien m., gold.c*  J;i!::~1Wo~1itW~;n:..:.  1877 ····50 ...... 1,000 1887 1,000 1886 1880 500 &c. 1885 500 &c. 1892 ·-·-··  ·15  i2i  ---·  ......  ....  14 20 150  is77 1885 1874  sY9 819  is73 1873  1,164,500 700,000 250,000 1,700,000 400,000 100,000 369,000 120,000 --ioo 1,500,000 1,000 1,500,000 1,000 t,320,000 1,000 5,000,000 1,000 See text. 100 250,000 924,000 100 13,679.000 100 350,000 100 650,000 500 &c. 500,000 1,000 1,178,000 £100&1) 4,000,000 100 See text. 1,000 30,000,000 1,000 9,733,333  Sept. 1, 1894. 30 years. July 2, 1938 Jan. 1, 1923 Sept. 1, 1901 Nov. 1, 1929 1921 When earned. June 1, 1977 Newcastle, Pa. Jan. 1, 189 5 N. Y., Farm. L. & Tr. Co. July 1, 1917 N. Y. Cent. & Hud. Riv. Feb. 1, 1986 N. Y.,Merca.ntileTr.Co. May 1, 1910 do do Jan. 1, 198e do do 1932  I  . ...  Q:..:..:i  J. & J. F. & A. M.&N. J. & J. J. & J.  Q:..:..:i  New London, Office. Ja°ii:;is95 J. N. Y., Bk. o!No. Amer. July 1, 1910 O. N. Y., Central Trust Co. Nov. 1, 191 ~ J. N.Y.,Miiller,Schall&Co. Jan., 1911 J. In default. Jan. 1, 194.0 0. London Agency. Oct.,1931 ..... 1931 ······-·-· & & & & &  . ..........  Nevada Southern Ralhvay.-LINE OF RoAD.-Blake (formerly 000 prior lien bonds were eold !or improvements. etc., making total Goff's) in C3:lifornia on Atlantic & Pacific to Good Springs, Nev., 100 I issued $1,320,000. miles,of_which35m.!rom;Blakenortherlywascompletec'!toDec.,189?; EARNINGB.-Report for year ending June 30, 1894, was in V. 59, also proJected. to Ce_dar City, Utah. Contract for 25 miles more said p. 778, showing gross, $1,293,070, against $1,419,962 in 1893; to have been signed m Dec., 1893 .. Stock authorized, $ 2 ,000,000; p~r, net, $228,982, against $229,003; other income, $362; int0rest, $373,· $100. Mortgage trustf?e Metropo~tan Trust Co. of. N. Y. Bonds are 18• 941; balance, deficit $144,597, against $137,868 in 1893. (V. 56, p. s~ed at $:1,~,000 per mil!' for road m actulll operation and $5,000 per 332 • v. 57 p. 761 · v. 58 p. 904 1035· v. 59 p 778) mile additional for eqmpment. In January, 1894, no bonds had been • • ' ' ' ' ' · · sold. Isaac E. Blake, President, Denver Col.-(V. 56, p. 464.) New Orleans & ~orthwest.ern.-OWll;B from Natchez, Miss., ' to Bastrop, La., 77 miles; extension to Collms La., 7 miles; total, Newark & Hndson.-Owns trom Bergen Junction to Newark N. 84 miles. Projected to Little Rock, Ark. Stock, paid in, $4,500,· J., 6 miles. Leased to New York Lake Erie & Western at a rentai of 000, par $100. Bonds for $1,500,000 are hypothecated for $17,500 per annum. Stock, $250,000; par, $100. loans. In Au~ust, -1891, receivers were appointed and $500,000 receivers' certificates were authorized for repairs, etc. Louis K. Hyde Newark So1nerset & StraltsvllJe-Owns trom Newark, O., to is now receiver. It is said the company will complete the road from Shawnee, 0., 44 miles; branch 3 miles. Leased to B. & 0. till Nov. 1, 1929 Rayville to Collins on the Mo. Pac. In year 1892-93 gross earnings, (with right to perpetual renewal at B. & O's option) at 30 per cent of $64,145; net over taxes, $17,269. In 1891-92 gross, $47,538; net, ' gross earnings and a minimum rental of $40,000 (interest on debt), $11,044. (V. 57, p. 467.) Stock, common $795,600, and preferred, $230,900 (par both, $50). Ne-w Orleans & Southern.-New Orleans south along the Missis, $705,550 of the first and $191,850 of the latter owned by Baltimore & Ohio. In 1893-9! ~oss earns., $99,623; detlcit from oper., $12,445, sippi River to Bohemia, with a branch, 66 miles in all. Successor to the New Orleans & Gulf. sold in foreclosure March 5, 1891. See V. 52 p. against def. in 1892·93 of $8,830; in 1891·92, $10,627. 391; V. 53, p. 156. Stock authorized, $200,000; outstanding in June, · Newburg Dutchess & Connectlcut.-Owns from Dutchess 1894, $128,200; par $100 . .Junction, N. Y., to Millerton, N. Y., 59 miles. Foreclosed Jan., 1887. E.A.RNINGS.-11 months, l 1894, gross $89,802; de!. $976. 8TOCK.-Common $500,000 and preferred stock $600,000 ; par $50, Jan. 1 to Nov. 30. ) 1893, gross 117,712; net, 139. B01''DS, ETc.-There were June 30, 1894, $50,000 of 5 per cent mortFor year 1893 gross, $136,169, against $151,104 in 1892; net, $10,· gage notes and $13,495 bills payable. · 176, against $8,629. EARNINGs.-In year ending June 30, 1894. gross, $157,952; net, Newport New8 & Ml1!18lsslppl Valley.-See November, 1894, $23,149; surplus over charges, $2,587. In 1892·93, gross, $167,587; and earlier SUPPLEMENTS. net, $32,408. Total surplus June 30, 1894, $10-i,561. John S. Schultze, Ne-w York Brooklyn & Manhattan Beach.-(See Map Long President, Matteawan, N. Y. (V. 57, p. 515; V. 59 p. 376.) Istand RR.J-Owns trom Fresh Pond Junction to Manhattan Beacl:l New Castle & Beaver Valley.-Owns from Homewood, Pa., to (Coney Island), and branches to Bay Rid~e and Greenpoint, 20 miles, New Castle, Pa., 15 miles. Leased to Pitttsburg Fort Wayne & Chicago of which 16 miles double track. Greenpoint branch is not ope1·ated. Railroad !or 99 years at a rent:al o! 40 per cent of gross earnings, and LEASE, ETc.-A consolidation August 27, 1885. Leased !or 99 years lease assumed by Pennsylvama Company. from May 1, 1882, to the Long Island RR. Co. at 35 per cent of gross DIVIDENDS.-ln 1884, 19 per cent; in 1885, 10 per cent; in 1886 and earnings, rental guaranteed to be at least 5 per cent on pref. stock. 1887, 6 per cent each; in 1888 and 1889, 10 per cent each; in 1890, 11; DIVIDENDS.-On preferred trom 1883 to 1893, inclusive, 5 p.c. per an. In 1891, 3012; in 1892, 6; in 1893, 6; in 1894, 6 p. c.; in 1895, Jan., BoNDs.-Oonsolidated mortgage of 1885 is !or $2,000,000, of whioh 112 p.c. $500,000 reserved to retire first mortgage at maturity; trustee is Cen• EARNINGS.-Gross earnings in 1893, $163,705; net, $61,364; rental tral Trust Company. The L. I. RR. has attached to the bonds its un• received, $65,182; loss to lessee, $4,118. In 1892 gross, $158,534; net, conditional guaranty of principal and interest in addition to the mem• $53,804; loss to lessee, $9,609. (V. 58, 716.) orandum as to the lease previously printed upon them. V. 56, p. 812. Ne,v CaHtle & Shenanao Valley.-Owns from Newcastle, Pa., In June, 1894, $245,000 consols were sold !or imprevements. to West Middlesex, Pa., 17 ici'les. Leased to N. Y. Pa. & Ohio till 1982 INCOME.-lD year ending June 30, 1893, rental was $111,650, againsl tor rental of 32 p. o. of gross earns., but interest on bonds guaranteed. $110,850 in 1891·92. (V. 54, p.1048; V. 57, p. 723; V. 58, p. 1035.) New .Jer8ey .Junctlon.-Terminal road through Jersey City, New York & C11,nada.-Owns trom Whitehall, N. Y., to Rouse'• Hoboken end Weehawken, connecting the trunk lines terminating at Point, N. Y., 113 miles; branches to Baldwin, Ausable and Province those points; length about 5 miles. Leased :tor 100 years from June Line, 38 miles; total operated, 151 miles. 30, 1886, to the liew York Central which 1P1arantees the bonds abso• LEA.SE, ETc.-Leased in perpetuity and virtua.lly owned by the Dela• Iutely and owns $100,000 stock. The mortgage is for $4,000,000. ware & H. Canal Co., which guarantees the bond", and has $4,520,977 Wew .Jer8ey & New York.-Owns trom Erie Junction, N. J., to invested in it. The stock is $4,000,000; par, $100. Garnerville. N. Y., 29 miles; branches to New City, etc., 5 miles; operEARNINGSGross. Net. Charges. BaL.,def. ates to Haverstraw, etc., 14 miles; total operated, 48 miles. Reorgan- 3 months to c1894 ......... ... .... $235,963 $68,918 $77,470 $8,552 ized after foreclosure in April, 1880. Stock outstanding, $1,440,800 Sept. 30. 5 1893 ...............• 246,852 56,446 77,029 20,583 common; $788,000 preferred; par, $100. Balance sheet oC June 30, For year end.in~ June 30, 1894, gross earninge were $805,327, 1894, in V. 59, p. 650. Control is with preCerred stock and first mortagainst $938,934 m 1892-93 i. net, $154,6_94, against $188,270; deficit gage till 6 per cent has been paid on preferred :tor three years. under charges $155,263, agamst $124,408. (V. 56, p. 290; V. 57, p. The general mortgage bonds can be issued to redeem firsts, seconds 300,809; v. 58, p. 307,817; v. 59, p. 291,421, 879.) and extension bonds and for rolling stock and double•track. LATEST EARNINGS.Gross Net Fixed Balance, New York <lentral & Hud8on Rlver.-(SeeMap.J-The system, 3 mos. end. Sept. 30. earnings. earning•. charges. rurptus. clearly shown on the accompanying map I' is made up as follows : 1894 ..................... $94,953 $15,074 $12,558 $2,516 Lines owned. Miles. Mohawk & Malone..•••..••. ,r 173 1893 ..................... 98,308 29,420 12,413 17,007 New York to Buffalo......... 442 Carthage & Adirondack.... ,r 43 EARNINGS.-In year ending June 30, 1894, gross earnings, $331,886 Branches N. Y. Central Div.. 377 Gouverneur & Oswegatchie,r 13 against $331,833 in 1892·93; net, $59,253, against $54,150; surplus Lines leased. 1T See this co. New York & Putnam ....••• ,r 54 over charges, $12,281, against $13,750 in 1892-93. (V. 55, p. 855; V. West Shore ..........•..•..•• 11' 425 Branches leased.............. 206 58, p. 80; v. 59, p. 650, 781.) Troy & Greenbush ......... f, 6 6 Tetal in earns. June, '94 ... 2,396 New London Northern.-Owns trom New London, Conn., to Spuyten Duyvil & Pt. M •.. 11' Oper'd, earns. kept separate. Brattleboro, Vt., 121 miles, and leases Brattleboro & Whitehall RR., New York & Harlem ......•. 1T 127 New Jersey Junction ...•••• ,r 5 Dunkirk A. V. &P ........... ,r 91 Brattleboro to South Londonderry, Vt., 37miles. Rome Watertown & Og...•. 1f 519 Beech Creek ...•••..•..••••• 1f 149 LEASED for 99 years trom Dec. 1, 1891, to Central Vermont. The The N. Y. Central Division has 287 miles laid with !our tracks. rental is $211,000 per annum, which leaves a small surplus after pro• viding !or inter., etc., and 8 per cent dividends. Taxes and improveHISTORY, &c.-This company was formed by a consolidation of the ments met by lessee, without claim on New London Northern. New York Central and the Hudson River railroads November 1, 1869. DIVIDENDS.-From 1888 to Jan., 1892, inclusive, at rate of 7 per cent The leased lines have been acquired at various dates since. The Mo• per annum; then 2 per cent quarterly to October, 1893, inclusive, and hawk & Malone, Cartha~e & Adirondack and Gouverneur & Osw&gatchie, a total of 235 miles, were leased in April, 1893 (V. 56, p. 501), t1ince, 214 per cent quarterly. and N. Y. & Putnam in 1894-see each company. E.A.RNINGS.-For year 1893-94 gross, $647,531, against $760,715 in CAPITAL STOCK.-Stockholders voted April 19, 1893, to increase the 1892-93; net, $283,628, against$329,287. (V. 53,p. 256, 881.l ca-pital stock from $89,428,300 to $100,000,000 !or improvements, Ne-w Orlean8 & North Eastern.-NewOrleans, La., to Meridiu, $8,942,800 o! the new stock was offered to stockholders of June 15 at Miss., 196 miles, all 60 lb. steel rails. Stock is $5,000,000 (par, $100), par, payment to be made 50 p. c. July 1, 1893, 25 p. c. Jan. 2, 1894, of which $4,320,000 a.nd $4,900,000 1st mortgage bonds are held by and 25 p. c. July 2, Ul94. See V. 56, p. 463, 501. In January, 1894, the Alabama New Orleans & Texas Pacific Junction Railway Company $6,000,000 of this stock was listed on the N. Y. Stock Exchange making -which see-to which was due July 1, 1894, $1,179,658 on coupon total listed $95,428,300. Dividends en stock registered ill. London are account and $740,768 on other account.a. In February, 1893, $100,· payable in gold at 49Itd. to dollar.   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  ~ 00  ct..:)  A  z0 CQ  ~  ~ 00  ~ 0  0  E-4 00  A  ~  0  ~  H  ~  ~  ,......,  NEW YORK CENTRAL & HUDSON RIVER R. R. LAKE SHORE & MICHIGAN SOUTHERN R'Y NEW YORK, CHICAGO & ST LOUIS R. R. MICHIGAN CENTRAL RAILROAD.  lO  0:,  00  .....  ~  I  ~   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  '  .1.NVESTORS' SUPPLEMENT.  1JO  (VOL. LX,  Subscribers "'111 confer a great favor by giving llllllledlate notice of any error discovered In these Tables. RAILROADS.  .For explanation of column headings, &c., see notes on first page of tables.  NtMJ York Central  d:  Hudson River- Oontinued-  Debt oertif's (N. Y. Central), gold, ext. in '93 .. c&r Debentures, 1884;-inort. priv., non-convert ... c&r Debentures, 18 9, conv., no mort. privilege..... r Debentures, 15,000,000, gold, s. f. not dr'n.c&r •• Y. Ohvagod: t. Louis-Common stock ... ......... 2d nreferred (5 per cent, non-cumulative)........ let pref ed (5 per cen t non-cumulative).. ...... 1st m·or :gage goid; gtn;,:mg !'J.Dd not; drQ>wn. .• •. o* .6. Y. E levaud-S EE MANH.ATT.AN E LEV.ATED. N. Y. d: G1·utiwood La~Prior lien M.,$500,000 . . lne. lst & 2dM.; lstM.red.at105; 2dM.$1,800,000 ,N. Y . d: Harl -Common, 8 p . c., ~ar. b yN. Y . C. Pref. sto , 8 per cent, guar. by . Y . Central ... Con.solldated mortgage, coupon or regtstered .. o* df. l'. Lackawarma d: Western-Stock, guar. 5 p. ct. 1st mortgage, guar. by Delaware Lack. &West.c"' 2d mortgage, guar. by Delaware Lack. & West.c* :sd M. Terminal Imp. (for $5,000,000), gu. p. & 1.. York Lake Eru d: Western-Stock, common.... Preferred stoe].rJ not cumulative................... N.Y. & E. 1st .M..,PiermonttoDunklrk N.Y.,ext.o* 2d mortgage, (extended in 1879) go1d ........ c* 3d mortgage, (extended in 1883) gold ........ c* 4th mortgage, (extended in 1880) gold ....... c* 5th mortgage (extended in 1888), gold ....•.. c* ErieR'y,lstM.,Bu1f.Br. Hornellsv. to Attica, g.c* 1st oonso1; mort., $ao,ooo,ooo, gold,$ & £ ... c*  •ew  )~ERES'I'OR- DIVIDENDS. Bonds-Prine,• Miles Date Size, or ·- - - - - - - - - - - - - - - - - 1 p a l , W h e n Due. of of Par o ~ : g Rate per When Where Payable, and by StockB-L&&t Road. Bonds Value. Cent. Payable Whom. Dividend.  •••. •••. .•.. .... 523 523 523 505  1853 1884 1889 1890  M. & N. N. Y., Gr. Cent. Station. M. & 8. do do M. & 8. do do J. & D. do do  May 1, 1905' Sept. 1, 1904. Sept. 1, 1904. June 1, 1906 • ..•.•••  40 40 145 145 136 214 200 200 200 . ••. :; ·,,- . - 6 446 446 465 465 60 526  1,000 r- S28,000 5 . . •• . N ew Y ork. 1 892 &c. 2,700,000 6 M. & N . None paid. 1 S78 1 50 8,646.050 See text. See text N. Y., Gr. Cent. Station. 50 1,353,950 See text. See text do (10 l,OOO&c 12,000,000 7 M. & N . do do 100 10,000,000 5 per an. Q.-J. N . Y., byDelLaok.&W. 1,000 12,000,000 6 J. & J. do do 1883 1,000 5,000,000 5 F. & A. do do 1,000 4,350,000 4. M. & N. do do 189Q 100 77,837,000 •••. • .... 100 8,536,600 3 . . . . . N. Y., 21 Cortlandt St. 1,000 2,482,000 7 M. & N. do do 1,000 2,149,000 5 g. M. & 8. do do 1879 1,000 4,617,000 4¼g. M. & 8. do do 1853 1857 1,000 2,926,000 5 g. A. & 0. do do 709,500 4 g. J. & D. do do 1858 500 &c. 1861 100 &c. 182,600 4 g. J. & J. do do 1870 1,000 16,891,000 7 g. M. & 8. do do  1942 Nov. 30, 1908 Jan. 2, 1895 Jan. 2, 1895 May 1 , 1900 Jan., 1895 Js.n. 1, 19 21 Aug. 1, 1928 May 1 , 1923  ~--h iss7  $500&0. l,OOO&c 1,000&c l ,OOO&o 100 100 100 1,000  ,. Total net income.... Rentals pa.id............ Interest on debt........ Ta.xes on earn.& cap.st'k iReserved for deb'tures. Dividends.............. 'llisoellaneous..........  1  $14.,416,863 $5,303,704 3,987,818 214,359 300,000 (5) 4,471,415 6,t45  is47  $14,644,816 (68·80) 6,349  $14,169,795 (67·57) 87,727  ,r$14,651,165 $5,391,137 4,179,595 214,898 300,000 (5) 4,471,415 26,319  $14,257,522 $5,745,936 4,214,716 194,384 300,000 (5)4,588,826  Balance........... . ...... sur. $133,322 ,rsur. $67,801 def. $786,340 ,r Also ree,eived in 1892-!l3 $221,074 profit on sale of Beech Creek -stock, making total surplus $288,875. -(V. 57, p. 22,489, 509,532,548,765, 1040, 1065, 1083, 1122; V. 58, JP. 82,265,474, 1073, 1090; V. 51:1, p. ,533, oi>O, 551,553,780, 1141.) New York Chicago & St. Louls.-(See Map of New Yo1·k Oentral & H'Udllon River.)-Owns from Bu1falo, N. Y., to Illinois State Line, -except 8 miles leased between Dunkirk and Silver Creek, leaving 494 miles; leases the proprietary line, Chicago & State Line RR, Ill., State Line to Grand Crossing, 10 'llilP.s: also leas s Dunkirk to Silver Creek, 8 miles; trackage in Buffalo, N. Y., 112 miles, and Grand Crossing to -chicago, Ill. (Lake Shore RR.), 9 miles; total, 523 miles. HISTORY.-Known as the "Nickel Plate." Sold in foreclosure May ·19, 1887, and present company formed in September, 1887. 8TOCK.-Lake Shore & Michigan Southern owns $6,240,000 common $6,275,000 2d preferred and $2,503,000 1st preferred stock. DIVIDENDS.-On first preferrred: In 1891, 312 p ercent; in 1892, 3 per .cent; in 1893, 3 per cent; in 1894, March, 4 per c ent. BONDS.-A sinking fund of $100,000 per year is provided when net earnings are $900,000 or upwards, if bonds can be bought at or below 102; if not, tbe sinkmg rund lapses for that year, thus leaving $100,000 more for dividends. The original issue or bonds was $20,000,000, and it has been reduced to present amount by the sinking fund purchases :Statement of road under mortga~e In 8UPP1.EMENT of Sept., 1894. oee abstract or mort~a~e (Central 'Irust Company of New York, trustee), V. 45, p. 541. There are 5 per cent gold equipment tru.sts f ,,r $540,000, iUssued in 1892, Central Trust Co., trustee,J. $00,000 being payable Sept. l yearly till 1902. EARNINGSGross Net Other Fixed Balance, ~  mos.to Sep.30. ea1"lii ngs.  earnings. income. charges.  surplus.  .1894 .. . ......... $3,968,676 $704,424 $5,3~0 $851,501 df.$141,697 11893 .....••...•. 4,962,555 1,033,811 4,972 847,424 sr. 191,863   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  . • •. . . . . •. •. ••. . ••.. . • . . . N. Y., Gr. Cent. Station. Mcii:1;·is94, A. & O. N. Y., Union Trust Co. Oct. 1 , 19 ~7  is72 isso  New York Central & Hudson Klver.-(Concluded.)DIVIDENDS.-From 1869 to 1884, inclusive, 8 p. c. per annum; in 1885• 31.g p. o. From 1886 to 1889, inclusive, 4 yearly; in 1890, i¼; in 1891, .4,lg; in 1892, 514; in 1893, 5; in 1894, 5; in 1895, Jan., 114 p. c. BONDS.-Of the $11,000,000 5 per cent debentures due 1904, $1,000,000 registered bonds, dated in 1889, bave no mortgage priv ilege, but ihave a 11tock conversion privilege, which debentures of 1884 have not. In June, 1890, $15,000,000 debenture 4 per cents were authorized itor improvements. They are to be included in any new mortgage, and 'have a sinkin,g- fund of $300,000 yearly-no drawings, Tbe N. Y. Stock !Exchange in Nov., lf-94, r1>ported$11,!500,000 of these bonds as listed. The debt certificates due May 1, 1893, were extended for twelve years at 4 per cent, interest and principal payable in gold. Stock Ex-change reports only $0,445,0oO listed in Novt-mber, 1894. GUARANTIES.-The compally guarantees the securities of its leased llines to a considerable 11g1.rregate-see separate statement for each com~pany marked with a ,r in the table of mileage preeeding. It alRo guar• ::antees Western Transit Co. 412s for $1,000.000 duA Febrt1ary, 1903. GENERAL FINANCES.-A new four-track bridge over the Harlem River ts to be constructed 24 feet higher than the present bridge at an outlay of between $3,000,000 and $4,000,000. See V. 54, p. 560. New stock for $6,000,000, for improvements was sold in 1893-94. The last of the $4,837,587 sterling notes issued pending the issue of .additional stoc.:k were paid off in November, 18~4. LATEST EA.RNINGS.-For 6 months ending Dec. 31, on 2,396 miles in !1.894 againi,t 2,334 in 1893, December, 1894, estimated. 1 6 mos. Gross. Net. Inte1·est, die. D·ividen ds. Bal., surp. 1894 .... $22, 174,000 $7,678,000 $5,261,000 $2,385,708 $31,292 722 340 5 213 618 93 24 039 759 7 2 •235 •708 273 •014 18 · ··· , , , , , , ANNU.AL REPORT.-Fiscal year ends June 30. Report for 1893-94 was in V. 59, p. 533, 550, 553. The mileage and operations of N. Y. ..& Putnam RR. are incluaed from Feb. 1, 1894. Year end. June 30. 1892. 1893. 1894. Miles operated June 30.. .. 2,096 2,096 2,396 !Freight .......•..........••. $26,866,944 $27,372,071 $24,104,509 .Passengers................ . 13,305,683 14,047,572 14,151,280 5 , 5 i 7 ,o5 o 5 •4 ~ 2 •412 5 , 305 , 998 .llillsoellaueous ··•··••· · · ·· · Total gross earnings . .. $45,478,625 $46,936,693 $43,678,201 •O~r. exp., includ. taxes ... 31,139,113 32,291,877 29,508,406 .Net earnings ................ $14,339,512 P. c. of oper. exp. to earns. (68·47) tReb. State tax prior years.. 77,351  $6,450,000 4 g. 10,000,000 5 1,000,000 5 See text. 4 R· 14,000,000 . ••. 11,000,000 . . •. 5.000,000 See text. 19 ,425,000 4 g.  Is; ·i892  J a.ti: May Sept. Moh. Oct. June Jnly Sept.  1, 1, 1, 1, 1, 1, 1,  1897 1919 1923 1920 1928 1921 1920  I  ANNu.AL REPORT.-Report for year 1893 was in V. 58, p. 772. The roa~ is used P.rincipally as a freight line, the ea~1ngs from freight 1D. 189a amountmg to $5,187,335 out of the total $6,787,748 . Year end. Dec. 311890. 1891. 1892. 1893. Gross earnings.·····• $5,820,306 $6,171,088 $6,467,165 $6,787,748 Oper. expen. & taxes. 4,678,251 5,056,082 5,375,162 5,479,238 $ , , 1 092 003 Net~!~~i~~~come $1,102,209 : [nterest on bonds.... $ 784 , 570 $ 780, 422 $ 781 ,059 $• 780 •000 , Equip. trust charges. ········ ········ 30,000 89 , 000 9 2 ,2 2 7 Rentals··············· 87,685 90,551 91,3:.?0 Sinking fund .. ········ 93,748 99,940 48,794 ( ) 99 ,4 60 Div. on 1st pref ..... (312)175,000 (3) 150,000 (3) 150,000 4 20 0 ,0 00  1£:ttl:~~t f}:t½~:i~t  t·:fN½€  Balance, surplus. $13,826 $7,667 $1,036 $54,142 -(V. 58, p. 382, 772, 864; V. 59, p. 291, 651, 835, 836; V. 60, p. 131.) Ne'W' York & Green'W'ood Lake.-Owns from Jersey City, N. J., to Greenwood Lake, 41 miles, and branC1bes to Ringwood, etc., el miles; operates Watchung Ry., Woodside to Orange, N. J., 4 miles, and the Arlington Ry., 1 mile; total, 54 miles. The N. Y. Lake Erie & W. aad Cooper, Hewitt & Co. control the property. Stock, $100.000; outstandIng, $75,000; par $100, Floating debt Jan. 1, 1894, $68,323 . EARNTNGS.-Gross earnings in 1893, $349,015; net, $53,152; interest, etc., $51,819; balance, surplus, for year, $1,333. New Yoi·k & Harlem.-Owns from New York City to Chatham N. Y., 127 miles. From Chatham to Albany, 24 miles, the Boston & Albany Railroad is used.. Also owns the Fourth A venue street railroad. L EASE.-The property (except the horse rallroad) waR leased April 1 1873, for 401 years to the N. Y. Cent. & Hudson River RR. at 8 per cent dividends on the stock and the interest on the bonds . Drv1DENDS.-The 8 per cent per annum guaranteed is paid semi-annually, Jan. 1 and July 1. In addition both stocks have received dividends out of the earnings of the Fourth Avenue horse railroad, annually in April, a1> follows: From 1882 to 1889, inclusive, 2 per oent yearly; in 1890, 1891. 1892 and 1893, 212 per cent; in 1894, 3 per cent. EARNINGS.-ln year 1893-94 horse railroad showed $86,2!l6 surplus over 3 per cent dividends. Railroad operations included in New York Ceutral. (V. 55, P, 372; V. 57, p. 467; V. 59, p. 371.) Ne'W' York Laeka'W'anna & Western.-(See Map of Delaicare Lackawanna d: Western.)-From Binghamton to Buffalo and International Bridge and branches, 214 miles, of which the main line 213 miles, is double track; Delaware L. & W. has a lease for duration ot charter from October, 1882, giving a guaranty of the bonds and 5 per cent yearly on the stock, the guarantybeing:endorsed on the bonds and stock certificates. Due the lessee July 1, 1893, $858,026. Ne'W' York Lake Erle & Western.-Jersey City to Dunkirk, N. Y., 4.60 miles, with branches 643 miles; total, 1,103 miles, including: Lines owned-. Miles. Lines leased (continm•d). Milu. Piermont, N. Y., to Dunkirk .. 446 Buffalo Brat1ford & Pitts.RR,r 26 Branches to Attica, eto ....... 105 Buffalo :New York & Erie RR,r 140 Lines leased -·,rsee each co.' SuRpen. Bridge &Erie J.RR,r. 24 Jersey City to Sufferns, N. Y. Rochester & Genesee Val.RR1f 18 Long Dock Co.'s RR ....... } Buffalo &Southwestern RR,r.. 66 Pater on & Hudson ,r..... Northern of New Jersey RR,i. 26 31 Sundrf short Pa~erson & Ramapo ,r.. .•. lines ............. 176 UmonRR........ . ......... -Jefferson RR,r ................. 45 TotalN. Y. L. E. & W .....• 1,103 Also leases New York Pa. & Ohio and branches, 598 miles, and owns entire stock of Chicago & Erie (which see), owning froru Marion, O., to Hammond, Ind., 249 miles, andleasingtraokage OV'f'IT Chicago & Western Ind., 20 miles, to Chicago. Grand total Oct. 1, 1894, 1,970 miles. HISTORY, &c.-The New York & Erie Railroad W8,S reorganized as Erle Railway Company in 1861, and sold under the second consoll• dated mortgage in 1878; reorganized as at present June 1, 1878. Erie holds $'1,500,000 Chicago & E1ie incomes and all its $100,000 stock and guarantees interest on its $12,000,000 first 5s-see that company. RECEIVERSRTP.-On July 25, 1893, John King and J. G. McCullough were appointed receivers. INTEREST PA Yl\lENTS.-The only coupons in default in Jan., 1895, w e re tl10, e of the first lien mortgage due November, 1893, and since; and 2d conRol. arid funded coupon bonds of 1878 due Dec, 1893, a.na since. (V. 59, p. 781.) REORGANIZATION.-On Jan. 2, 1894, a reor~anization plan was presented, secu1ities assenting to be deposited with Drexel, Morgan & Co. The p lan (V. 58, p. 43) provides for the issue or a $70,000,000 5 per cent 100-year coni-ol. mortgage with adequate foreclosure rights and te cover ail tbe property of the company, including its lease or the N. Y. Penn. & 01.lio Railway and the Chicago & Erie .H.y. capital stock. The n ew bonds to be applied as follows : (1.) $3:i,597,400 to acquirt1 second consols at par. (2.) $4.031,400 to acquire.funded co·upon bonds of 1885 at par. To make tllese exchauge~ bondholders pay a cash assessment equal to 22¼ per cent of their l.J.oldinKs, receiving therefor new bonds at 90. (3.) $508,008 to acquire tile present income bonds at par.  .JANUARY, 18~5 I  RAILROAD STOCKS AND BONDS  91  Subscrlber8 will con.fer a great .favor by giving hnllledlate notlee of any error discovered In thetse Tables. RAILROADS. INTEREST OR DIVIDENDS. .1.1u,ut11-.l:'rinoi• - - - - - - - - - - - - - - - - - - - - - - -1Miles Date Bize,or Am t - - - - - - - . , - - - - - - - - - - - 1pa.l,WhenDue. W'or explanation of column headings, &o., see notes of of Par Outst~~g Rate per When !Where Payable, and by Stocks-Last on first page of tables. Road. Bonds Value. Cent. Payable Whom. Dividend. 'Ntw York Lake Erie if Westernr-(Oontinued.)N. Y. L. E. & West. funded coupon bonds, gold.c• lat lien mort., gold, sink. fund (not drawn) ... c* 2d eonsol. mortgage bonds, gold .............. o• '2d consol. funded coupon bonds, gold ........ c* Col.lat. trust bonds, s. f. drawn at 110, gold .. o* Funded oou~n bonds, gold (red. at 105) ..... c* Income bon (non•oumulative) ..........•.•.•.. 100-year consol, mortgage, $70,000,000 ........ Old car trust.a, ser. B. to G. incl, part pd. ann. o* New car and engine trust.a ........................ N. 'i. Car trust, 1888, ser. A. (guar. by D. & H.) .. Lon~Dock Co.cons.M.,g.(now ls1iM.) (seetext).c* New uri & N. Y. 1st mort., extended in 1889 .. c* N. Y. L. . &W. C. &RR. lstM., gu. ,. & 1.(end.)c* N. Y.L.E. dz W. D & I. Co.1st M., see . 56,.f.' 82 . o* N. Y. ti Long Branch-SEE CENTRAL OF N. . N. Y . .IN. England-Stock ($20,000,000 authoriz'd) Pref. stook, 7 p. ct. cumulative, without interest. Receivers' certificates .............................. lat mortgage ($6,000,000 are 7s) . ....... . ..... . cK 2d mort/ia.ge ($998,000 were 5s tlll Feb.,'92).c*&r Consoli ated mortgage for $2a,OOO,OOO, 501d .... Boston Terminal 1st mortga~e for $1,50 ,000.c* Due on purchase Curtis Wharf .................... Due on purchase Piper's Wharf...........•..•..... Mortgage notes on land a.t Springtleld & Hartford .Notes securing equipment lease (see text) ....... o Locomotive notes (bal.due Oct.31,'94, on 10 eng.)  526 534.  I··· ....I .... ....  .... .... ....  1878 1878 1878 1878 1882 1885 1878 1893  --··  isss .... 1885 ·r2 1868 .... 1882 .... 1883 .... . ... .... ....  s2i  360  ....  .... ....  . ·-· ....  i:o·oo I 100 100  is76 1,000 i:ooo  1882 1892 1889  1,000  ....  ······  ....  .... isoo  ....  $500&0. $3,705,977 1,000 2,500,000 500 &c. 25,000,000 500 &e. 8,597,400 1,000 3,344,000 1,000 4,031,400 300 &o. 508,008 1,000 1,000 fo4o,ooo 1,984,377 1,000 7,500,000 1,000 250,000 1,000 3,000,000 1,000 4,000,000  1893  ...... ......  i:ooo . .....  7 6 6 6 6 ~ 5  I ·cR· 6 5 6 6  g. M. & 8. New York and Lon<lon. g. M. & N. May,'93,coup. lastpaid. ~- J. & D. June, '9:i, coup. last pd. g. J. & D . June, '93, coup. last pd. g . M. & N. N. Y., 21 Cortlandt St. do do g . J. & D. .. • • . Paid 6 p.o. Jan. 15, 1893 J. & D. Various N. Y., 21 Cortlandt St. .••. do do J. & J. do do g. A. & O. N. Y., Drexel, Morgan. J. & J. N. Y., 21 Cortlandt St. M. & N. do do J. & J. do do  20,000,000 •• •• 3,816,000 See text. See text. 6 10,000,000 6 & 7 5,000,000 6 Bee text. 5 g. 1,500,000 4. 52,000 5 200,000 6 5 6 3~g:~~g 61,388 . ••.  1  . ••. . ••• • • • . • • • M. & N. ••• . . .•• •• J. & J. .. . .. .• . • • J. & J. July, '94, paid Dec. 24. F. & A. Aug., '93, coup. last pd. J. & D. A. & o. Boston, 180 Sumner St. Q..-M. M'thly. Boston.  I  .. .. .... ..  Sept. 1, 1920 Dec. 1, 1908 Dec. 1, 1969 Deo. 1, 1969 Nov. 1, 1922 Dec. 1, 1969 June 1, 1977 Dec. 1, 1993 1895·190:) 1895·1899 $63,000 Jan.1 Oct. 1, 1935 Jan. 1, 1929 May 1, 1922 July 1, 1913 . ••••••• Nov., 1891 . .•..••• Jan. 1, 1905 Aug. 1, 1902 June 1, 1942 Apr. 1, 1939 Dec. 23, 1896 • .•..••.  F:·Jr:".A.. Boston,°<)idcoionyTr.Co Aug.:;95to'97 • ••,..  I  ...... ....  ....... .  Bondholders making this exchange must pay a cash assessment equal 1765, 894, 918, 936,938, 1083; V. 58, p. 43, 178, 223, 263, 345, 383, · to 90 p. c. of their holdings, receivin~ in return new bonds at 90. 430,458, 595,636,716, 864, 941, 1073, 1109; V. 59, p. 291,781, 945, (4.) $9,915,208 to be taken by bonaholders as above. 965, 969, 1007, 1058, 1141.) (5.) $6,512,800 to be reserved to acquire or provide for the present reorgar,:izationfirsl Hen and collateral trust bonds. New York & New England.-Road extends as follows: (6.) $15,435,184 reserved for construction, equipment, betterrnents, Lines Owned. Mites. Leased. (1T See separate statement.) -etc., not exceeding $1,000,000 in any one year. except that $500,000 Boston'to HopewellJunc, N. Y.215 *Norwich & Worcester RR.,r ... 66 &>er y ar additional may be used to acquire existing car tru,-t liens. Wicopee to Fishkill Landing... 2 Rhode Island & Mass. RR ...... 14 In May, 1894, more than 80 per cent of all classes of securities called Providence to Willimantic..... 58 Rockville RR................... 5 tor had been deposited thereunder and the new consol. mortgage had Newton to Woonsocket, R. I. .. 29 B. & A. RR., in Sprin~tleld. .••• 1 been recorded. See V. 58. p. 941. East Thompson to Southbrid(J'e 17 Milford & Woonsocki,t, eto ..... 20 In DecPmber, 1894, J.P. Morgan & _Co. (then Drexel, Morgan & Co.), East Hartfort, Ct., to Springf'rd 27 Providence & Springfield RR. ,r 28 prnposed that the new cons 1. 5s be 1Ssued with coupons due Jnne 1 Other lines...................... 13 Woonsocket & Pascoag RR.... 10 and Dec. 1, 1894, (nor.paid at maturit 1), stamped payable out of the Mer, Waterbury & Conn R.,r .. 30 first net earnings over requiremen1s to meet oh,irges accruing after Total main track owned . ..•.• 361 Dec. 1, 1894; but in case of default on later coupons the stamped Double track ................... 114 Total leased lines operated .. 174 eoupons to r etain all original rights. (V. 59, P• l058.) Assents received Tracka 0(J'e, Hopewell Junction to Wicopee Junction, 1 t miles, and in till Feb. 15, 1895. 9 0 E. H. Harriman, 43 Wall Street; Henr;v Budge, 28 Broad Street; John t~::a!rs~· ~~~~il~~e?~:i flo~t~e;! J. Emery,·and Sidney Webster, constituting a committee of bondholders Norwich to New London, 13 miles. Compiliny controls, through lease in opposition to the above plan, request bondl10lders to send names and of N. & w. the Norwich & New York Tran'!portation Co.'s line of amounts of holdin[~ to Central Trust Company, New York, Bee V. 58, steamers between Norwich, New London and New York, 125 miles. p.383,430,474,6~6, 1109. CAPITAL 8TOCK.-Preferred stock has a prior right to 6 per cent ORGANIZATION.-Successor in 1873 to Boston Hartford & Erie RR. (non.cumulative) from the net profits, "as declared bl the board of RECEIVERSJ{cP.-On Dec. 27, 1893, temporary receiver wail appoint,ed, clireotors," but the U. S. Supreme Court hela in 1886 tha this stock has and on Jan. i4, 1894, Thomas C. Platt and Marsden J. Perry were made no legal right to claim a dividend, though net earnings ai·e sufficient. permanent receiver:i. V. 58, p. 178. In September, 1894, the receivera DIVIDENDS on preferred stock from 1882 to 1884, 6 per cent-none were granted the right to operate the branch lines. afterwards till Jan. 15, 1892, when 3 per cent was paid; none since. REORGANIZATION COi\UHTTEE.-John I. Waterbury, No. 1 Nassau St., BONDS.-The first lien bonds of r878 have a sinking fund of $lOO,OOO New\ ork; EL W. Cannon. Cha;e Na.tional Ba.nk, New York, and T. yearly and might be called for payment, but the company "has decided Jefferson Coolidge, Jr., Ames Building, Boston, Mass.; depositaries, that redemption shall be by purchase only." Ma.nhattan Trust Co., New York, and Old Colony Tmst Co., Boston. For second consolidated mortgcige see SUPPLEMENT of March, 1891.. REORGANIZATCON.-Plan or April, 1894, has been a.coPpte<l. ey holders The collateral trust bonds or 1882 (the u. s. Trust co., trustee, see v. of nearly all the st ck and most of the 2d m 1rtga~e bo ids ( V. 58, p. 38, p. 509), are subject to call at 110. The second consolidated funded 94.1). Ct provides for a new company with$17,500,000 new mortgaie 5s, coupon bonds of 1885 were issued to fund three past-due coupons and $5,U00,000 new 5 per cent non-cumulative preferred aod :fl"lO,OUu,000 -.the coupon of June, 1886, the coupons being- deoosited as security. new common stock. Forecl,,sure decree under 2d mortgage is expected See run description or Long Dock 6s in March, 1894, 8UPPL£MENT. early in December. · The N. Y. Lake E ·r ie If w. Coal ct RR. bonds a.re guaranteed, principal (1.) Of new 5s $10,000,000 to be reserved to retire old firsts, but the and interest (by endorsement on bonds), the property being leased to committee may extend the old bonds at lower rate of interest or leave Erie till July 1, 1925, at a rental equal to interest. See v. 51, p. 752 them undisturbed. (2.) Old seconds to receive for each bond and in and description of property in v. 52, p. 642. terest to date of settlement, either $424 in cash and $675 in new 5a, or Of the $4,000,000 Dock If Improvement Company's bonds, $604,000 all cash for par and interest as above. (See V. 58, p. 815.) (3.) Terminal are deposited under Erie's collateral trust of 1882. See v. 56, p. 82. tonds are undisturbed. (4.) E::i.ch share of old pref. stock on payment On Oct. 1, 1894, the new car trusts amounted to $1,211,874,the new of $i5 to be exchan~ed for $125 in new pref. (5.l Ea.ch share of old engine trust to $772,502, and old car trusts, $3,040,000. common pays $20 and exchanged for $100 new common. The la,-t a~sessment on the stock was paid August 21. F LOATING D EBT.-There were loans an d bills payable September 30, Arter oompletin~ the above exchan(J'es there will be available for the $3,375,460; interest on funded debt due, $2,315,777; due for sup• floating debt, betterments, etc., $!,1§5,000 or new 5s and $230,000 plies, $1,093.713; rentals of leased lines due and unpaid, $742,668; new preferred. If the assessments are paid on the entire outstanding due receivers for claims pa.id, $5,785,982. There are $400,214 new stock the new company will receive $4,954.,000 in cash. oar trusts (included in table above) due in 1894 and unpaid. STOCK.-CommoD. includes $ 169 , 000 "Berdell Bonds" convertible. EAR",INGS.-2 months, 5 1894 .... gross, $4,586,656! net, $1,487, 1W7 • Oct. 1 to Nov. 30. ( 1893 .... gross, 5,118,490, net, 1,771,147 DrvrDENDS.-On pref. from 1886, when issued, to Nov.. 1891, bot1a After deducting proportion due roads operated on percentage basis, incl., 7 p. c. yearly. Dividend May 2, 1892, was enjoined. V. 54, p. 964. net for 2 months was $1,050,121 in 1894, against $1,289,508 in 1893. RECEIVERS' (JERTIFICATES-.l!'IRST MORTGAGE INTEREST.-The receiveri!' certificates authorized in June, 1894, •a re to be paid out of ANNUAL REPORT.-Fisca.l year ends September 30. Annual meeting income; in November, 18 94 1 $480,000 had been issued. A further issue le held on last Tuesday in November. Tne annual report for the year of $ 684, 629 certificates was authorized in October, 1894. 1893·94 was published lil the CHRONICLE, V. 59, p. 945, 965. The First morti.tage interest due Jan nary 1, 1894, was paid July 3, 1894, arross earnings include the N. Y. Penn. & Ohio and all the leased lines. through iRsue of r eceivt:'rs' certificates; the July, 1894, interest was Year ending Sept. 30. 1894. 1893. 1892. paid Dec~ber ::!4. (V. 59, p. 1141.) Miles operated Sept. 30........... 1,970 1,968 1,968 Equipment notes mature ~ug. 1, 1895 and 1896, $100,000 yearly; Total gross earnings .............. $25,204,428 $29,993,160 $31,261,784 Aug. 1, 1R97, $160,910. Sept. 30, 189!, there were also equipment Proportion pa.id leased lines.. .... 2,274,868 2,652,534 2,628,043 notes tor $7,0!5; loans and bills payable, $675,000. Si,cond mortgage interest due Feb. 1 was not pa.id. V. 58, p. 223. Leaving as fioss revenue ....•... $22,929,560 $27,340,626 $28,633,741 Lll:ASED LINES.-As to liability on leased lines' securities, see ea.oh. Total opera g expenses . • . . •• . . 17,921,309 20,147,778 21,466,784 LATEST EARNINGS.-For 9 months ending Sept. 30 : Net earnings ...................... $5,008,251 $7,192,848 $7,166,957 9 mos.G-ross. Net. Other inc. Int., tar:es, etc. Bal., def, P. o. oper. exp. to total gross earn's. . ..• •• . . • . . . . . ... . • • 68·667 1894 .... $3,913,871 $913,487 $2,0 1U $1,410,091 $494,523 The following table shows the charges payable out of income, lnclud• 1893 .... 4,6~6,467 1,246,620 3,922 1,418,549 168,007 :ing in 1893·94 the $2,165,844 of interest then due but not paid. ANNUAL Rll:PORT.-Fiscal year ends Dec. 31. Annual meeting in Bos• ton second Tuesday in March. Anno.al report fur 1B93 iu V. 58, p. 473. PROFIT AND LOSS STATEMENT. Year ending Dec. 311891 1892. 1893. 1892. Total gross ea.rrungs ..••....•.•.••. $6,229,030 $6,220,494 $6,019,208 Year ending Sept. 301894. 1893. $8,307,798 Net earnings ....................... $1,915,684 $1,808,3-i7 $1,561,236 'Total credits .................. $6,072,009 $8,236,756 Other receipts...................... 7,204 5,354 5,351 EzpensesPa.vonia. ferries ...... ....... .. $309,139 $312,760 $327,922 Total income ................... $1,922,888 $1,813,701 $1,566,587 .Interest on funded debt ..... . 4,680,793 4,680,781 4,680,781 $476,479} Interest on loans ... ......... . 106,711 129,897 176,803 Rentals paid........................ $460,24.0 8,675 9,275 Interest, etc........................ 1,116,056 1,143,250 1,893,986 Interest on mortgages, &o .. . 8,800 264,7ti4 254,403 253,137 Interest on equipment....... . 254,151 303,836 Taxes............................... 210,000 _ _ _ _ ....... ~ Kenta.ls of leased lines ...... . 1,594.,188 1,614,188 1,609,673 7 p. c. div. on pref. stock.......... Taxes .......... .............. . 174,627 142,651 128,478 <Claims of prior yea.rs ........ . 46,509 89,375 Balance, surplus ..••••..•..•.••••. def.$128,172 def.$60,431 df.$327,399 129,581 248,396 -(V 57, p. 299, 511, 722, 764., 809, 854, 894, 939, 1122; V. 58, p. 4.3, -other debit items ............ . 178,·2~3. 263 306,345, 473, 476, 51:l, 550. 595, 6-➔ 2. 716, 762, 774.. Balance .................. def. $1,167,4.07' sur.$917,438 sur.$733,259 815, 902, 904, 9U, 987, 1109; V. 59, p. 70,332,738,781,920, 969, -(V. 56, p. 247,793; V.57,p.164,179,298, 341, 34.2,511, 548,638,723, 1141.) .   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  p\i:1f;.!1_~~  £~~ii~  ----  ~rf.4lr-:::O.  ... l;  zH  ~  t:z:j  00  ~  0  ~  r,~ 00  ~ ~ ~  ~  Is: t:z:j  z  ~  MAP OF THE  NEW YORK, ONTARIO & WESTERN RAILWAY & CONNECTIONS.   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  ~ .r t"4  ~  93  RAlLhUAD STOCKS AND BONDS.  1895,]  JANUARY,  Subscribers -will conCer a great Cavor by giving illlJDedlate notice of any error discovered in these Tables. Bonds-Prinoi• RAILROADS. INTEREST OR DIVIDENDS. Miles Date Size, or D11e, Amount Rate per When Where payable, and by pal,When Par of For explanation of column headings, &c., see notes of Stocks-Last Road. Bonds Value Outstanding Cent. Payable on first page of table. Whom. Dividend.  -- --  'l!lew York New Haven cf Hartford-Stock.  Bee text. 1st mortgage (for $5,000,000) ................ .... r Debentures ($15,000,000) exch. for stock 1903 . . o* N.Y. Prov. &B. lstM., Prov. to Ston.(assumed).c* 1st M. (Stonington to New London) assumed.c* Gen'l mort. for $4,000,000, gold, assurned .. c&r BOND OF PROPRIETARY, ETC., LINES: 'Bos. &N.Y. AirL. l stM.,N. H. toWilliman., Ct.c* !Danbury & Norwalk con. M. ($100,000 are 6s) . c* Genl. M.,Danbury,Conn.,to Wilson Point, &c.c* Harlem River & Portchester 1st mort. guar .. c&r 2d mort~age.guar. (See V. 56, p. 813) ...... c&r Housatomc old consolidated mortiage .... ....... Danbury Branch bonds, rnbject o call ......... New consol. mort:J"age (for $3,000,000) gold .. c* Naugatuck 1st M., au a. June. to Winsted, Ct.r New Haven & Derby 2 mort. (now 1st) ........ c* Consol. mort for $800,000 ..................... c* Funded coupon certificates ...................... N. Hav.&North. lstM.,N. H.to ConwayJ.,Mass.c* Consol. sink. fd. $15,000 per year, not drawn.c* Northern Extension bonds .................... c* Bonds (not mortaage) convertible into stock .. c* Holy & W., lease , 1st & 2d M., ($200,000 gu.)c* Old Colony-See that company. Shore Line 1st M., N. Haven toN. London, Ct . ... N. Y. Ont.cf W.-©on.M.,nowlst-,g.,red.at 105 in '99 .c· RefundinA mortgage for $20,000,000, ~old... c*&r New York enn. cf Ohio-Prior lien M., ~old,$ & £.c* 1st mort., gold, $1,000 or £200 at hold. option.c· 2d & 3d M., inc., gold,$ & £ (3d M. $30,000,000)c*  8  ......  123  ·5·0 12 62 51 36 36 12 12 74  ·so 55 13 13  ·02 114 27  ·1j 49 Text. Text. 431 431 431  ---1883  1893 1869 1881 1892  ----  $100 $37,942,900 See text. l.OOO&c 2,000,000 4 100 &c. See text. 4 1,000 1,000,000 7 1,000 300,000 4 1,000 1,000,000 4 g.  1880 1,000 1,000 1880 1883 100 1,000 1873 1.000 1881 1880 500 &c. ....... 1882 1.000 1887 1883 l,OOO&c 1870 500 &o. 1,000 1888 1,000 1888 1,000 1869 1,000 1879 1,000 1881 1,000 1886 1,000 1870 1880 1889 1892 1880 1880 1880  1,<'00&c 200,000 $or£ 5,600,000 l,OOO&o 7,62~,ooo $500&c. 8,000,000 500 &c. 44,236,000 500 &c. 44,500,000  New York New Haven & Hart.ford,-Owns from Woodlawn, N. Y., to Bpringfl.eld, Mass., 122 miles; branches to New Britain, Middletown, New Canaan, etc., 75 miles; N. Y. Providence & Boston Division, New London to Providence, 62 miles, and branches, 23 miles; total -owned, 282 miles, of which 22 miles has !our tracks; leases, and tor 1ihe most part practically owns, lines running to Winsted, Conn., Turne, 's Falls, Mass., Willimantic, Conn., etc., 501 miles; also leases Providence & Worcester, 48 miles; has trackage into New York, 12 miles, and other trackage, 5 miles; Old Colony (which see) 603 miles (since July 1, 1893); total July 1, 1894, 1451 miles. HISTORY.-A consolidation in 1872 of the New York & New Haven and the New Haven & Hartford. In years 1892 and 1893 acquired c,ontrol of several of the companies whose bonds are given in table above. See SUPPLEMENT of Sept., 1894. See al so Old Colony. CAPITAL STOCK.-Stock authorized, $100,000,000. It may be issued l.<:Jr improvements, buying stocks and bonds of leased roads, &c. Authority to inoreaee the capital stock to $100,000,000 was granted •b y the Connecticut Legislature in February, 1893. Of the increase "$15,000,000 will be needed to take up the convertible debentures in 1903. (V. 58, p. 289, 373, 579.) See President's statement as to :acquisitions in V. 56, p. 579. Stock outstanding is given as reported by .New York Stock Exchange Nov. 10, 1894. DIVIDENDS.-From 1872 to April, 1894, inclusive, 10 per cent yearly 1>aid, 212 per cent quarterly; in July, 1894, only 2 p. c. was paid; Oct., 2 l). c. See V. 58, p. 1034. In 1895, Jan., 2 p. c. BONDS.-The convertible debentures of 1893 for $15,000,000 are exchangeable at option of holder "on April 1, 1903, or within 60 days thereafter, and no longer," for company's stock at par. If not then exchanged they will mature and be paid in cash A..pril 1, 1908. See V. 55, p. 1035. On June 30, 1893, $13,122,800 had been subscribed for. Certificates for same listed on N. Y. Stock Exchange in January, 1895, $13,122,800. Under the lease New Haven road" assumed" the debt of Old Oolony road. ln addition to bonds given in table there are outstanding Colchester Railroad 1st mortgage 7s, $25,000; Pawtuxet Valley 2d mortgage 6s, $60,000. (See V. 54, p. 964.) There are "deferred li abilities;• $323,500, being rolling-stock certificates and certitJ.cates of indebtedness of the Housatonic RR., due 18~4 to 1899. Loans and bills i,ayable Sept. 30, 1894, $1,350,000. LEASED LINE STOCKS.-The stocks of the leased lines unexchanged -On Nov. 1, 1893, and the dividends payable thereon are shown below, -the shares being all $100 each excepting Danbury & Norwalk, which are $50 each. 'nle leases are for 99 years.  Stocks-  ·  Total issue.  Berkshire....................•.. $600,000 B. & N. Y. Air Line pref ....... 3,000,000 do do common.. 864,231 Danbury & Norwalk........... 600,000 Housatonic pref........•....... 2,891,100 .Naugatuck ..................... 2,000,000 N. H. & Derby (1) ............•. 447,000 N. H. & N ortham11ton (2) ...... 2,460,000 Old Colony .................... 13,878,500 Shore Line (3) ............•..... 1,000,000 Stockbridge & Pittsfield ....... 448,700  Unexchanged.  500,000 500,000 150,000 2,000,000 1,000,000 100,000 61,000 2,839,000 151),000 225,000 575,000 480,000 1,300,000 1,200 000 700,000 700,000 260,000  5 5&6 5  Q.-.T. NewHaven,Co.'sOfflce. Jan. 2, 1895 J. & D. N. Y., Chem'al Nat. Bk. June 1, 1903 A. & O. New York. See text. J. & J. N. Y., Central Trust Co. Jan. 1, 1899 Anr. 1, 1901 A. & 0. do do Apr. 1, 1942 A. & 0. do do  A . N.Y.,LincolnNat. Bank New Haven ,Conn. J. 0. do do 6&7 0 . N. Y., Chem'al Nat. Bk. 4 do do D. 4 0 . New Haven, Conn. 5 0. do do 5 g. M.&N. N. Y., Farm. L. & Tr. Co. 4 J. & D. New Haven, Ct., Treas. 7 F. & A. New Haven, Conn. 5 M.&N. do do do 6 F. & A. do 7 J. & J. N.Hav.,N. Tradesm'sBk 6 A. & 0. do do 5 A... & 0. do do 5 J. & . J. do do 4& 6 A. & 0. do do 412 5 g. 4 g. 6 g. 7 g. 5 g.  & & & & & & &  Aug. 1, 1905 July 1, 1920 Apr. 1, 1925 Oct. 1, 1903 June 1, 1911 Apr. 1, 1910 Oct. 1, 1912 Nov. 1, 1937 June 1, 1913 Feb. 1, 1900 May 1, 1918 Feb. 1, 1900 Jan. 1, 1899 Apr. 1, 1909 Apr. 1, 1911 July 1, 1896 Apr.'98&1911  M.& S. J. &D. M.& 8. M.& B. J. & J.  Maroh, 1910 June 1, 1939 June 1, 1992 Mch. 1, 1895 July 1, 1905 1910 & 1915  F. J. A. A. J. A. A.  N. H., Nat. N. H. Bank. N. Y. Office & London. N. Y. Office, 56 Beaver. N. Y., Farm. L. & Tr. Co. See text. None paid. M.&N.  New York Ontario & Western.-(See Map.J-Operates from Weehawken, opposite N.Y. City, to Oswego, on Lake Ontario, including:  Road Owned-  Miles.  Road Controlled, cfc.  Miles.  Oswego to Cornwall, N.Y...... 272 Ontario Carb, & S. (all owned.) Branch to New Berlin ......•.. 22 Hancock,N.Y.,toScranton,Pa. 54 do to D elhi................ 17 Rome & Clinton (leased) ...... 1T13 do to Ellenville . . . . . . . . . . 8 · Utica Clinton & Bing. (leased). 'U31 Wharton Valley (leased)... . ... 7 Total owned .................. 319 Trackage (till 2079) W. Shore RR.: Total operated July 1, 1894 . .477 Cornwall to Weehawken ... .. . 53 1T See this company. ORGANIZATION.-'rhe New York & Oswe~o Midland was sold in !oreclosure Nov. 14, 187!:f, and this company organized.  l  -  8TOCK.-8tock is $58,119,982, (par, $100), of which $6,000 is old pre!. BONDS, ETC.-The mortgages cover 319 miles or road owned, and all securities of Ont. Carb. & Beran. Ry., 54 miles. are owned and pledged under themort. For consolidated mortgage of 1889 see abstract V. 49, p 238. The 1•efunding mortgage secures $20,000,000 of 4 p. eta., of wWoh $5,500,000 to retire $4,000,000 sixes (paid Sept. 1, '92), $7,000,000 to retire $5,600,000 consol. 5s, balance for improvements, &c. The mort• covers all the company's property, real and pnsonal, acquired and to 0  f:~  ~!ntti~:~te~-~~e~~:ir:~e~~~ ~1t/ft,{ ~;9t1ttfj f5gs:n<:i ·ac~~e~ terest. In Dec., 1893, $875,000 refunding 4s were issued for additional equipment, etc. Bee V. 54, p. 444, 683, 721, 954. There are $75,000 Wharton Val. guar. 5s, due 1918. EARNtNGS.-5 mos., 5189t, gross, $1,727,319; net, $561,443. July 1 to Nov. 30. , 1893, gross, 1,826,239; net, 586,704. For 3 months ending Sept. 30, 1894, surplus over charges was $168,· 716, against $194,866 in 1893. ANNUAL REPORT.-Fiscal year ends June 30. Annual meeting last Wednesday in September. Report for 1893-94 was given at length in V. 59, p. 551, 560; see also V. 59, p. 532. Ooal traffic in 1893-94 was 1,642,063 tons, aiainst 1,352,225 tons in 1892-93, 1,120,416 in '91-92, and 811,485 in 11::590·91. Year ending June 30. 1892. 1893. 1894. Miles operated (incl. trackage) 477 477 477 Gross earnings ................ $3,265,417 $3,688,174 $3,842,119 Operat'g expenses and taxes. 2,461,136 2,798,226 2,732,540 Per cent oper. exp. to earns.. (72·27) C73·15) (68·40) Balance, net earnings....  $804,281 $879,306 507,261 Miscell. interest and discount Or. 11,559 Rentals paid . . . . . . . . . . . . . . . . . . t 76,585  Divid!d Divid'd Tot. net income, incl. "other." per a.n. period. Interest on mortgage bonds..  $889,948 $965,008 528.349 Or. 633 180,439  $1,109,579 $1,184,669 569,042 13,876 182,186  $599,000 6 p. c. Q.-J. 1,427,500 4 p. c. A. & O. 864,231 Pays no divid'd. 153,600 5 p. c. J. & J. Balance, surplus.............. $207,019 $256,853 ~19,565 325,400 1 p. c. July. -(V. 57, p . .340, 341,530, 546. !548, ~ !i5. 556,854.1040; V. 58, p. 245, 1,044,900 10 p. c. J. & J. 817; V. 59, p. 423,532,651, 660,879; V. 60, p. 13l.) 97,300 3·4 J. & J. 56,500 3-4 A. & 0. New York Pennsylvania & Ohio.-Owns from Salamanca, N. Y., 8,860,900 7 Q.-J. to Dayton, 0., 388 miles; branches-to Oil City, 34 miles, other 193,200 714 J. & J. branches, 9 miles ; total owned, 431 miles. Leased lines-Cleveland & 447,200 6 Q.-J. MahoningValleyRR., 124 miles; Sharon Railway, 16 miles; New Castle .ii Shenango Valley, 17 miles; Youngstown & Austintown Ry., 10 miles; (1) After July 1, 1895. pays 4 per ceht. (2) After April, 1896, pays Westerman RR., 2 miles; total leased, 169 miles; total operated, 600 m. 4' per cent. (3) Generally 314 per cent in January, and 4 in July. HISTORY.-Formerly Atlantic & Great Western RR. Leased to Erie EARNINGS.for 99 years from May 1, 1883. In July, 1893, the Erie went into re:3 mos. to Gross Net Other Fixed Balance, ceivers' hands. The receivers pay over net earnings of N. Y. P. & O. Sept. ~O. eaniings. earning. Income. Oharges. .~urplH-s. property, leaving any rental differences to be settled with the Erie Co 1894 ........ $7,237,015 $2,751,299 $22,662 $1,378,454 $1,395,507 R EORGAN IZATION PLAN.-On Nov. 16, 1894, first mortgage bondhold 1803 . _... -· 7,128,323 2,256,239 28,922 1,383,235 901,926 era at meeting in London accepted the plan of the Voting Trustees 'tor .ANNUAL RKPORT.-Fiscal year ends June 30. Annual meeting is the reconstruction of the road. The plan proposes as follows : (1) Increase rental from $1,757,054 (minimum) to lt'2,000,000. (2) held third Wednesday in October. Report for 1892·93 was in V. 57, p. -635. Figures for 1893-94 include operations of Old Colony, not there• Apply the $100,000 per an. now used in improving line to payment of interest on new 5 per cent bonds ctotal issue $5,000,000), to be used tofore included. for this purpose. New bonds to constitute a lien prior to the firsts, Yr. end. June 30. 1891. 1892. 1893. 1894. but subsequent to the prior lien bonds. (3) Extend prior lien bonds .Miles operated.. 508 508 848 1,447 for 40 years at 41.g p. o., thus saving $120,000 per annum. (4) Extend Gross earnings .. $11,323,617 $11,913,701 $17,923,068 $25,281,876 first mortgage bonds to 1940; only interest earned to be paid. (5) ExNet earnings ..... $3,394,715 $3,640,690 $5,517,134 $7,349,167 change d~f,:,rred warrants for firsts. (6) First mo1·tgage coupons due 400,418 404,489 in 1895 to be funded. (7) Junior Eecurities to be left undisturbed. -Other income.... 188,365 189,238 See V. 59, p. 880; V. 60, p. 83. ---·Tot. netincome $3,583,080 $3,829,928 $5,917,552 $7,753,656 8TOCK.-Stock is $44,999,350-par $50-voted by five trustees . .llnterest paid..... $80,000 $80,000 316,165 590,543 LEASE.-Rental 32 per cent of all gross earnings until these reaoh Rentals . . . . . . . . . . 984,06@ 981,685 1,757,531 3,379,975 $6,000.000, and this proportion decreases by 1-10 of 1 per cent for ea.oh "Taxes . . . . . . . . . . . . 616,923 605,962 845,858 1,409,460 $100,000 of gross earnings above $6,000,000 until tho gross eMnings .Dividends (10%) .. 1,865,000 2,103,750 2,945,535 3,631,293 are $8,000,000. See also other provisions in V. 49, p. 793. BoNDs.-First mortgage interest not earned is payable in de1'erred war• :Balance,surplus. $37,097 $58,531 $52,463 df.$1,257,615 rants, to be capitalized in bonds of the same class; payment of interest to -(V.56,p.42,83,127,164,227,247,263,289,373,464,579,793,835 become absolute not later than July 1, 1895, and until July 1, 1895, -B65, 1015; V. 57, p. 469, 635, 722, 809,853,936, 1084; V. 58, p. 816, the right to foreclose the mortgage is suspended. On the second and .1034; v. 59, p. 512, 836, 1007.) third moct;~ageR there is no right to sue the company or to foreclose. New York & Northern.-SEE NEW YORK & PUTNAM. July, 1894, interest on first mort~age was paid in deferred warrants   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  "' ~  § WIL,  4  W'N  )~!,_ ______ ,,, _  ~-  ~!'&{~"~~  ~  ~<b-~"_'4,.,e,~'t>  \  ,a .  " '-~\,.I"-  ,  00  ~  0 ~~Y.t-~t~i~r~~:~-. ~.❖°- v~"'  "I.. 1'.1..Jill  II O ~ ~  00  ~ ~  t-  ; t_:rj  ~  NEW YORK, SUSQUEHANNA &   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  AND  WILKESBARRE & EASTERN RAILROADS & CONNECTIONS.  J.ANU.ARY,  RAILROAD STOOKS AND BONDS.  1895.]  Subscribers 'W'lll confer a great Cavor by giving hnm.edlate notice oC any error discovered In the11e Tab]ee. Bonds-Prlno. INTEREST OR DIVIDENDS. R.A.ILRO.ADS pal,WhenDue Miles Date Size, or Amount Par of Stocks-Last by w:ul P~able, Where When f.er Rate For eXl)lanation of column headings, &o., see notes of om. Road. Bonds Value. Outstanding Cen . Payable Dividend. on first page of tables.  N.Y.Pa.& 0.-0oncl.-Eq. trusts.!. 3p.o.(dr'natl00)  Deferred int. warrants, conv. into lat M. bonds .. N.Y.Phila.&NorJolk-lstM.,$16,500p. m., gold.c" Income mort., gold, non-cum., $10,000 per mile.r N. Y. & Piitnam.-N. Y. & No. 1st mortgage, gold.o N. Y. &P. lst con., $6,200,000, g., ~- p.&i. end .. o• N. Y. & Rock. .B'h.-lst M., $1,000,0 0, gold, gu .. c* Income bonds, non-cumulative ........ _.......... r R. Y. S1.ta1;_tehanna <1; West.-Pref. stock (See text) ... M1dlan RR. of N. J, lstmo~age, gold ........ o~ Paterson Extension RR. 1st ., real estate, g .. o* N. Y. Sus. & W. 1st M., refdg, (2d M on 73 m.) .o* 2d mort. ($1,000,000 gold) d M. on 73 miles.o* Debenture bonds ...................... .. ......... General mortgage for $3,000,000, gold._ ..... . o* Termina~ 1st mort. for $::!,000,000, gold...... c*&r Wilkesb. & Ea t'n, 1st M .. gold, gu. p. & i. (end.)o* N. Y. Texas & Mex.-lst. M.,g.,$ or .£,gu.by So.Pao.o* Norfolk & 0arolina-lst M. for $1,500,000, gold.o* Norfolk cl Southern-Capital stock .................. lat mort~ge, $10,000 per mile, gold ... _._._ .. _. o* Norfolk & estern-P1•ef. stock, 6 pr. ct,. non-cum. N orf'k & Peter b' g-2d M.. (now 1st) Nor. to Pet' g. o South Side-Consol. mor\i 1st pref., extended .. o Consol. M. 2d fret., gol , extended ........ -- .. o Consol. 3d pre ., Petersburg to Lynch. & br's .. o Vir~ia & Tenn. enlar1ed M. (extend in.1884\..o 4 M., now 2d, Lyne b'g toBri tol and br'ch .. o Norf.&West.Gen.M .. NorfolktoBristol.etc. gold.o* New River division 1st mortgage, gold .. ..... c* Improvement & Extension Mortgage, gold ... o* Adjustment Mort., gold (red. Oct.'94 at 110) .. o* Clinch Val.D. lstM.,Graham to Norton&brs.,g.o*  i·  -- ----- '88-'90 .£100  ··-· i12 isss  1883 1887 1894 1887 1R87  112 57 57  ....  . -- . ..72 isso  1 134 134  ----  1,000 1,000 1,000 1,000 1,000 1,000 100 500&0. 1,000 1,000 1,000  1881 1887 1887 1887 1890 1893 1,000&o 1,000 1892 1882 $&£ 1,000 1889 100 isifr 1,000 100 i868 1 ,000 1,000 1868 1868 100 &c. 1868 100 &c. 1,000 1854 1.000 1866 1,000 1881 1,000 1882 1,000 1883 1,000 1ss4 1.000 1887  i:ooo  134  . 65 91 110 104 104  -si  133 133 133 214 214 428 160 588 588 105  ......  I  5 g. .&408,701 24,454,307 ..6.g. 1,848,000 1,000,000 6 5 g. 1,200,000 4 g. 4,025,000 5 g. 968,000 1,000,000 5 12,813,600 See text. 6 g. 3,500,000 250,000 6 g. 3,750,000 5 g. 463,500 412g. 93,500 6 fig. 2,443,000 2 ,000,000 5 g. 3,000,000 5 g. 1,457,500 4 g. 1,320,000 5 g. 2,000,000 Bee text. 700,000 5 g. 50,000,000 See text. 496,000 5 290,000 5&6 270,500 5g.&6g. 452,800 6 980,000 5 1,000,000 8 6 g. 7,283,000 6 g. 2,000,000 5,000,000 6 g. 1,500,000 7 g. 2,500.000 5 f!.  Various J. ·-&··J. J. & J. A. & 0. A. & 0. M.& 8. Jan. 1 Various A. & 0. J. & D. J. & J. F. & A.  F_-·&·A. M.& N. J. & D. A.. & 0. A. & 0. Q.-J. M.&N. A. & 0. J. & J. J. & J. J. & J. J. & J. J. & J. J. & J. M.&N. A. & 0. F. & A. Q.-M. M. & S.  London.  --  See text. New York City. N.Y., Gr. Cent. Station. N. Y., CorbinBank'gCo. None paid. N.Y.,Of. 15 Cortlandt st N. Y., Nat. Park Bank. N.Y.Of.,15 Cortlandt St. N. Y., Nat. Park Bank. N.Y.Of.,15 Cortlandt St. do do do do do do do do .N. Y .. B.Pac.Co.: London. N. Y., Central Trust Co. N. Y., Atlantic Tr. Co. do do Phila., 333 Walnut St. N.Y.,Merc.Tr.Co.&Phil. do do do do do do do do do do do do do do do do do do do do  1908 & 1910 Jan~ 'i·,--i923 Oct. 1. 1938 Oct. 1, 1927 Oct. 1, 1993 Sept. 1, 1927 Sept. 1, 1927 Nov. 27, 1893 Apr. 1, 1910 June 1, 1910 Jan. 1, 1937 Feb. 1. 1937 1897 Aug. 1, 1940 May 1, 1943 June 1, 1942 Apr. 1, 1912 Apr. 1, 1939 Jan. 10, 1895 May 1, 1941 See text. July 1, 1900 July 1, 1900 July 1, 1900 Jan. '96-1900 June 30, 1900 Moh. 1, 1900 May 1, 1931 Apr. 1, 1932 Feb. 1, 1934 Dec. 1, 1924 June 1, 1957  EARNING~.-From Jan. I to Aug. 31, 189-1 (8 months), gross, $3,582,The Wilkesbarre & Eastern 1st 5s are unconditionally guaranteed ae 366, against $4,802,330 in 1893. to principal and interest by the Susquehanna, the guaranty being enANNUAL REPOBD.',-Fiscal year ends Sept. 30. Revort for 1893-94 in •lors"d on each bond. They cover the connecting line completed in V. 59, p. 966, 1102. On Sept. 30, 1894, there was due !rom N. Y. L. E & 1894 from Stroudsburg to the coal fields at and around Wilkesbarre. W. on rental account, $938,277, and on unpaid acceptances, $313,135. This line is built with 7l-pound steel rails and iron bridges. The New Jersey Midland junior securities were exohan,1reable into Balance. stock of this compauy on certain term , and have mostly been so 1st M. int. Rental, etc. 0harges. Gross. Year. ........ sur.$556,966 exchanged. Pateraon extension 63 for $25.000, inoluded in table, ar& 1893·94.$5,93 l,667 $2,0L8,272 $1,461,306 2,327,179 1,578,371 $303.565 sur.445,243 held by sinking fund tru3tees. There are al o $6,000 old firsts or 1911 1892-93.$7,379,349 1,608,372 693,785 def. 14,799 outstandirul', besides $75,000 Passaic & N. Y. RR. 6s. due 1910 (int. J &: 2,287,358 1891-92. 7,209,717 0harges in 1893-94 included: Hire of equipment, $246,895; rentals, D) ; interest is guaranteed under 999-year lease. L oans on collateral •594,963; interest on prior lien bonds, $480,000; additions and oetter- June 30, 1894, $542,809. mente, $44,852; general expenses, etc., $94,596; total, $1,461,306. EARNINGS.-7 months, l 1894 ..... . gross, $947,9~0; net, $341,33$ -(V. 57, p. 511, 548, 638, 7~2, 745, 1037, 1123; V. b9, p. 880, 920, 5 1893 ...... gross, 997,043; net, 428,825, Jan. 1 to July 31. 966, 1102; V. 60, p. 83.) ANNUAL REPORT.-Fiscal year ends June 30. Report for 13 moDths; N e-w York Philadelphia &; N orCoJk.-Operates from Delmar, from date of consolidation to June 30, 1894, was in V. 59, p. 420. '.l'hei Del., to Cape Charles, Va., 95 miles, and King's Creek, Md., to Crisfield, following is a com.varative statement for the calendar yea.rs named,. 17 miles. Under a traffic contract, expiring in 1894 [see V. 47, p. 802], December. 1894, bemg estimated. lV, 60, p. 131.) the Penn. RR. Co. has purchased a portion of the coupons. It is said 1891. 1892. 1893. 1894. Year ending Dec. 31. this contraet will not be extended as it is claimed the company is able Miles operated._........ 157 157 157 160 to pay its own interest. A six per cent bottomry mortgage for $225,- Gross earnings . .....•. _.. $1,670,000 $1,782,909 $1,713,900 $1,656,522 000 is due Jan. 1, 1895. On July 1, 1892, there were 5 per cent car Net earnings ........... _. $530,000 $762,930 !fl730,504 $716,455 trusts for $160,000, '' miscellaneous obligations" for equipment, $225,- Other income .. ______ ._.. 30,051 52,752 30,000 . 28,067 000, and current liabilities, including $776,100 matured interest coupons unpaid, $1,014,415. Stock, $1,714,375; par, $100. In 1893 gross Total. ...... _.. _....... $560,000 $790,997 $783,256 $746,505 earnings "'_Vere $886,727 a:;rainst ~795,881 in 1892; nflt, 194,247, against $501,463 $469,586 $156,44.6ID1892 11Dd $150,739 1Il 1891. (V. 47, p. 807; V. 57, p.1123.) Interest on bonds ..... _.. Rentals ... -........ _..... . 26,446 26,725 ........ $587,301 New- York & Putnam..-Owns from 155th Street and 8th Ave., Miscellaneous ..•..••...•. 14,993 2,906 . .. .. . .. N. Y. City (terminus Manhattan Elevated), to Brewsters, N. Y., 54 miles, Dividends ______ ......... . 100,000 200,000 double-track branch to Yonkers, 3 m.; operates 4 m.; total, 61 mileP.  -  HlSTORY.-Successor to the N. Y. & Northern, sold under foreclosure  -- ------ ------ -----  ....... ·i  {  ---- - - - - - - - - - - - -  $52,169 $135,480 .. _..... .. .. . .. . .... _... _...... .ot 2d mort. Dec. 28, 1893, and pmchased !or N. Y. Central & Hudson -(V.Surplus 56. p. 462, 579, 711, 793, 1015; V. 57, p. 469, 511, 512, 854; V. River RR., which operates it under lease. V. 58, p. 127. STOCK.-Capital stock is $6,500,000; par, $100. BONDS.-The N. Y. Central guarantees $5,000,000 of new consol. mortgage bonds, of which $1,000,000 were reserved for improvements. Also $1,200,000 are held to retire at maturity the :tlrst mortgage 5s. ANNUAL REPORT.-Earnings (sinee Feb., 1894) are included in N. Y. Oentral Operations. Fiscal year ends June 30. Report or N. Y. & Northern tor 1892·93 in V. 57, p. 807, showed gross earnings $616,304; net, $59,452. V. 56, p. 373; V. 57, p. 341, 545,807, 854, 939, 1081, 1083, 1123; V. 58, p. 4.3; V. 58, p. 127, 223, 306, 595, 636, 774.) New- York&; Kocka-way Beach.-(See M-ap Long IslandRR.JOwn.s from Glendale Junction to Rockaway Park, with branch, 12 miles, mostly 80-lb. steel, of which 10 miles double track; trackage to Long Island City, Brooklyn, Far Rockaway, etc., 18 miles. Stock authorized and outstanding, $1,000,000; par, $100. Controlled by Long Island Railroad Company, whose endorsement is printed on tlrst mort• gage bonds. [n year ending June 30, 1894, gross earnings were $225,000; net, including other income, $7,923; interest. $43,900; balance, deficit, $35,977. In 1892-93 g-ross, $252,700; net, incl. other income, $53,363. (V. 55, p. 543; V. 57, p. 547; V. 59, p. 780, 879.) Ne-w York Susquehanna & Western.-(SeeMap.J-Operates direct line from Wilkes barre and tlle Wyoming Valley coal :tlelds to Jersey City oppo,,ite New York City, with branches, a total of 225 miles: Miles. Lines leased, etc. Miles. Lines owned in fee. Jersey City to Gravel Pl., Pa .. 101 Middletown Un. & Water Gap,r 14 Eastern& Wilkesbarre j [Double track 19 miles.] Wilkesbarre to Stroudsburg.. 65 Two bridges,N. J., to Unionville 21 Qther branches................. 151 Trackage, etc .. _................ _.:  I  Total (ifsee this co.) .... ______ 225 HISTORY.-Consolidation in June, 1881, of the Midland of New Jersey and other railroads and on April 25, 1893, with tile Hudson River RR. & Terminal Co. The Wilkesbarre & Eastern, completed in 1894, and controlled by ownArship of stock is operated UIHler a traffic contract and fixed charges guaranteed; affords independent access to the anthracite coal fields. BTOCIL-New preferred, $13,000,000; new common, $13,000,000· .As to re-arrangement of stock in 1893, see March, 1894, SUPPLEMENT• The new preferred is 6 per cent non-cumulative. The N. Y. Stock Exchange on Jan. 19, 1895, reported out. tanding: New common, $11,439,000; new preferred as in table above. DIVIDENDS.-On preferred stock fl;om November, 1891, to November, 1893, 212 p. c. per annum (1¼ M. & N.); May, 1894, none. BoNDs.-The issue of 1•efimding mortgage bonds is limited to $3,750,000. Of the general mort"'age 5s, bonds are reserved to retire the second mort ca~e 412s and tlie debenture 6s. r::lee mortgag-e abstract, V. 52. p. 84. Tile secvnds are exchangeabl~ for gene1·als on payment of $60pn bond. The terminal bonds listed in Sept., 1893, (U.S. 'l'rust Co., trustee) are an absolute first mortgage on the extemive terminal pro~erty obtained from the Hudson River RR. & Terminal Co. and on all improvements to be made thereon. They thus cover 3 miles of road, of which a.bout one-third is a double-track tunnel uniE>r the PalisadeR, completed in May, 1894 :see V. 58, p . 866), and 62 acres of terminal property on the Hudson, opposite 96th St.,N. Y. City. Seeabstractof mort. V. 57,p. 512.   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  58, p. 178, 306, 866; V. 59, p. 420, 600, 1058; V. 60, p. 131.) N ew-"'l:'. ork Texas & Jnextcan.-Owns from Rosenberg to Victoria, Texas, 91 miles. Stock, $630,040, of which Southern Paci1ic Comp9ilY owns all but $22,040. There are also $60,500 old sixes outstanding. Operated by the Southern P acific Co., which ~uarantees the 4 p.o. bonds. On June 30, 1893, loans and bills payable, $600,276. EARNINGS.-9 months, t 1894, gross, $178,584; net, $62,257. 51893, gross, 179,611; net, 53,722. Jan. 1 to Sept. 30. In 1893 gross, $272,904;net, 10!,389; surplus over ohar;1?es, $1,349. In 1892 gross, $253,350; net, $83,311. Due Southern Paoitic Co., eto.,. Jan. 1, 1893, $614,768. Norfolk & Southern.-Owns Berkely, Va., to Edenton, N. C., 74. miles; (ferry across Albemarle Sound to Mackey's Ferry, 9 miles;), thence road to Belle Haven, 30 miles; total main line, 104 miles. HrSTORY.-Successor to Norfolk Southern, foreclosed April 29, 1891 .. ID July, $40,000 first 5s,were issued for terminals at Norfolk, Va. DIVIDENDS,:-Paid first dividends in 1892, 2 p. o.; in 1893, 4 p. o.; ill, 1894, 4 p. c.; ID 1895, Jan., 1 p. c. EARNrNos.-5 months, l 1894, gross, $166,451; net, $55,128. 5 1893, gross, 165,333; net, 57,992. July 1 to Nov. 30. For year 1893-94 gross 'f!435,383; net, $146.149; other income.. $2,811; surplus over charges and 4 per cent dividends, $18,186. In, 1892·93, gross, $437,160; net, $138,104. (V. 57, p. 510, 723; V. 59, p. 151, 152, 1102.) NorfoJk & Western.-(See .Jfap.J-This system, shown to ad-· vanta~e on accompanying map, consists of the following: Milu, Road leased. Miles. Road owned. Norfolk. Va., to Columbus, 0 .. 710 Lynchburg & DurhamLynohburgtoDurham,N. C. 115,, Radford, Va., to Bristol, Tenn.107 Roanoke, Va., to Hagerstown.238 Roanoke & Southern & br.Roanoke to Winston-Salem .• 124 Graham to orton . ......... _.• 100 Nor. Car. June. to Iron Ridge. 45 Total of all June 1, 1894 .. 1,574, Sundry branches ............... 135 49• Double track.. .... ............ ORGANIZATION, ETC.-The Atlantic Mississippi & Ohio was a oonsolldation of Norfolk & Petersburg, South Side and the Virginia. & Ten-nessee roads; foreclosed February 10, 1881, and reorganized as now. The Ohio Extension of 184 miles was completed in September, 1892,. affording a through line to Collllilbus, 0. The Shenandoah Valley RR.. was purchased Sept. 30, 1890, and became the Maryland & Washlngton.1 Division. In May, 1893, leased Lynchburg & Durhaw-whlch see. Iru Nov., 1 94, was delivered the first steaLn~r of the Norfolk & North. American Steam hip Co. to run between Lamberts Point, Va.., and Livflrpool, Eng. V. 59, p. 1007. CAPITAL STOCK.-Preferred stock is entitled to 6 per cent, noncumulative, tile amount outstanding being $50,000,000, having beea, hi creased from time to time for new construction, etc. In June, 1898r $5,000,000 of pref. was sold. See below and V. 56, p. 931. Preferroo. stock may also be increased for purchase of the Roanoke Macbino· Works & Virginia Co., V. 58, p. 1035. In l\fay 1894, the balanoe ot' preferred, $2,000,000, had been sold to pay for Col. Connecting Terminal tock, etc. V. 58, p. 816. Common stock is $9,50 ,,ooo; par, $100 •. DIVIDENDS on preferred stock-In 1882, 4 per cent; in 1884 31g m scrip; in 1888, 112; in 1889, 3; in 1890, 3; in 1891, 3; in 1892, .A.prtl, 119 ; Oct., l p. ct. in scrip, convertible into debentures; none since.   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  = ~  ~ ~  ~  c C  0  "'  ~  "'  )' ~  ~  '\>  § 00  1-3 0  ~  ~  00  q  ~  ~  ! CONNECTIONS.  ':3 0  r  t'-4  ~  JANUARY,  1895.]  RAil,ROAD STOOKS ANlJ .BONDS.  91'  Subscribers ff'lll confer a great t'avor by giving bn1nedlate notice 01' any error discovered In these Tables. RAILROADS.  INTEREST OR DIVIDENDS. Bonds-PrmoiDate Size,or A. t pal,WhenDue.. of of Par Out~~~~g Rate per When Where Payable, and by Sto~ks-Last Road. Bonds Value. Cent. Payable Whom. Dividend.  1----------------·---------1------1--------1 ----------1-----5 g. J. & J. N. Y.,Mer. Tr.Co. & Phil. Jan. 1, 199<1 Nor/. cl W.-(Oon.J-100-yr. M., $45,000,000, g . . c* 936 1889 $100&c, Bee text. - - - - - - - - - - - - - - - - - - - - - 1 :rtllies  For explanation of column headings, &o., see notes on first page of tables.  1,000 $5,000,000 Scioto Valley & New England, lstM., assum.,g.c* 129 1889 7,050,000 ~orf. & West.-lstM. Maryland & Wash Div.,g.c* 257 1891 500 &c. 1892 Debentures for dividend (subject to call) ...... . 500 430,000 1,000 Equipment M., 10·20s, g.,dr'natlOO aft.May,'98 4,123,000 1888 Various 1,876,774 Car trusts, principal ............................. . 698,000 is92 1,000 Gold car trusts, guar. by RR. Equipment Co .. c 1893 1,000 Car trust of 1893, gold, not subject to call .. . c* 719,000 1,000 Roanoke & So. lstM.,g.,$15,000p. m., gu.p . &i.c* 122 1892 2,041,000 Equip. trust, $210,000, guar. p.&i. by N. & W.c* 1891 1,000 86,000 Lynchburg & Durham bonds, guar.-see that Co. 1892 500 Col. Con. & Term. 1st M., gold. gu. p. & i. (end.)c* 600,000 100 North Oarolina--Stook 6 p. c. till 1901, Rich. & D . 223 4,000,000 1,000 North Pacific Ooast-lst M., gold, sub. to call atlOO.o 76 issi 590,000 91 1892 1,000 General M. :for $1,500,000, gold . .........•...... c 903,000 1,000 1st mort. North Pacific CoastExtensionCo.,gold.o 5 1883 100,000 No. Penn.-Stk,. 8 p. o. gu.990 yrs.,$6,000,000 auth. 86 50 4,720,750 56 i866 500 &o. 2d mortgage ............................ . .......... c 1,500,000 General mortgage bonds . ...................... o&r 86 1873 4,500,000 1881 Bonds secured by $1,200,000 stock ......... . .... r 1,200,000 1890 No. cl So. of nl.-lstM.for $600,000 ($10,000p.m.)g. (!) 1:000 500 No1·theast. Ga.-lst mort., guar. by State of Ga .. . o 260,000 No. East Penn.-lst M., g., gu. p.& i. P.&R. (end.)c* i890 1,000 400,000 North-Eastern ( S. O.J-Stook..... . .................. . 50 900,000 1st mortgage, provided for by consol. mortgage.c io2 i869 500 820,000 500 2d mortgage, provided for by consol. mortgage . c 102 1869 322,000 Consol. mortgage, (for $1,836,000) gold ........ . o 102 1883 1,000 694,000 100 Northern, (N. H.J-Stook, 5 p.o.rental till July,1897 83 2,997,300 56 isso 1,000 No. Adirondack-1st M., subject to call any J &J .... 77,000 1,000 A.s collateral 56 1890 1st consol. mortgage for $825,000 ..•.......•..... 1,000 Northern Oalifornia-lst mortgage, gold ..•........ 54 1889 1,074,000 Northern Oentral-Stock ($8,000,000 authorized) . 50 7,518,150 1855 1st mortgage, State of Maryland loan ....... . ... . 1,500,000  fas  BONDS.-A.bstraotof Clinch Valley mortgage (Fidelity Insurance Trust & Safe Deposit Co. of Philadelphia, trustee) in V. 45, p. 541. The 100-year mortgaqe of 1889 (trustee Mercantile Trust Co.) is a first mort~age upon the Ohio Extension, 192 miles; the steel bridge across the Qhio River; upon va!ious short branch~s, and upon the extensive te~nnals at i;,ambert Pomt and Norfolk; it ~s .also a general mortgage, subJeot to prior mortgages, upon the remammg property of th~ company at the date of the _mortgage, October, 1889, the. total mileage covered in ~une, 1893, bemi,? 93"6 miles. The mor~gage ~s for $45,00t•,000, of which $25,000,000 held by trustee to retire prior mortgages. Abstract in_V. 50, p. 208-see below. A.a to Scwto Valley ~ New England, mortgage and guaranty see . . . SUPPLEMENT of January, 18~4. Of the Maryland ct Washington Divisi~n mo!tgage :for $10,00~.ooo [Hagerstown, Md., to Roanoke, Va., 238 miles, with branches 20 miles), $2,500,000 bonds were reserved to extend the line to Washington, D. c., and $1,000,000 for other purposes. See abstra ct v. 54, p. 204. The gold car triists for $900,000 were issued in 1892, each being indorsed with a guaranty of principal and interest by the R a ilroad Equipment Company. They fall due in forty quarterly instalments of about $23,000 each. The cm· trusts of 1893 are similarly p a yable. .lloa1wke & Soiithet·n bonds for $2,041,000 were guaranteed in Febru• ary, 1892-see that company in SUPPLEMENT :for January, 1893, also V. 54, p, 601, 684. N. & W. owns $1,837,000 of the R. & S. stock for $2,396,400 and leases the road for 999 years. Bonds may be increased to $4,041,000 for additional mileage. FINANCES.-In June, 1893, to meet the collateral loan of $2,000,000 due in December, the convertible debentures, the bills p a y able and expenses for equipment and completing tlle Ohio extension, etc., the shareholde s were oft'ered $5,000,000 of the 100-year bonds and $5,000,· 000 of preferred stock for $5,250,000 in cash and accrued interest on bonds, the issue being underwritten. This made the amount of 100year bonds outstanuing $15,065,000. On the N. Y. Stock Excha n g e Jan. 19, 1895, had been listed $12,265,000. See v. 56, p. 931. on Dec. 31, 1893, bills payable were $382,9lf:(. EARNINGS,-11 months.?. 1894, gross, $9,468,781; net, $2,455,493. January l to Nov. 30. 51893, gross, $9,237,706; net, $2,645,331. ANNUAL REPORT.-Fiscal year ends Dec. 31. Annual meeting is held at Roanoke, va., 011 first Wednesday in May. Report for 1893 was in the CHRONICLE, v. 58, p. 548, 551. See also editorial p. 534. 1890. 1891. 1892. 1893. Average miles operated. 826 1,091 1,308 1,556 Passenger earnings ..•.•. $1,612,260 $1,819,593 $1,880,820 $1,721,194 Freight earnings........ 5,636,218 6,980,130 7,634,230 7,873,773 Mail, express, &o.. .•.• .• 313,438 388,319 437,831 · 437,651 rotal gross earnings ..••. $7,561,915 $9,188,042 $9,952,881 $10032618 Oper. e.xpen. (incl. taxes). 4,838,610 6,009,767 7,03l,673 7,199,460 .Netearnings .........•.... $2,723,305 $3,178,275 $2,921,208 $2,833,158 P. c. of op. ex. to earn'gs. (64·00) (65·41) (70·65) (72·00) Income from invest., &c. $233,919 $156,645 $144,606 $141,189 From Shen. Valley fund t 135, 000 36 , 260  n  Total net income ....... $2,957,225 $3,469,920 $3,202,074 $2,974,347 Interest on bonds, &o.. .. 1,814,008 2,266,130 2,428,454 2,821,940 Interest on coll. loan, &c. . . . .. . . . ........ . ... _... 187,278 Dividend 011 pref. stock .. (3)735,000(3)1,072,500 *1,030,000 Miscellaneous............ 88,607 47,308 64,871 Ba.lance, surplus...... $319,610 $131,290d!.$303,688 d!.$99,742 • Dividend 212 per cent, of which 1 per cent in scrip convertible into bonds. t Derived from a special fund of $270,000 created under agreement with the Shenandoah Valley. -(V. 56, p. 165, 5H8, 647, 667, 673, 753, 931, 973; V. 57, p. 22; V. 58, p. 43,534,548,551,816,904, 1035; V. 59, p. 1007. North Carollna.-Owns from Goldsboro to Charlotte, No. Caro· Una, 223 miles. Leased Sept. 11, 1871, to the Richmond & Danville (now Southern Ry. Co.) for 30 years at $260,000 per year. There ia no bonded debt. Dividends of 6 p. c. are paid on the stock, o:f -,,,hich the State o:f North Carolina holds $3,000,000. The Southern Ry. has set a side $4,000.000 of its new consols to b e u sed, if oesired, to acquire a like amount of North Carolina stock. (V. 56 , p. 878 .) North Pacific Coast (Narro,v Gauge).-Owns San Francisco to Cazadero, 87 miles; branches to San R afael and Mill Valley, 4 miles; leases to San Quentin, 3 miles ; total operated, 94 miles, including :ferry to San Francisco, 6 milfis; al so has ferry to San Quentin, 11 miles. Stock authorized, $3,000,000; i ss ued, $2,709,500; p ar, $100. E x t enston Co. fri endly rornclosure suit ettl ed. There a r e $ 7,000 2d m ortg a1?e b onds of 1881 outst a nding. For y ear ending J une 30, 18 94, 383 195 t $ 9 2 189 · t t e t $9'0 110 b l a e gross, $ ' ; ne • ' ; m ·· ax s , e c., • ; a n c ' s urplus, $2,079. In 1892-93, gro ss, $418,625; n et, $122,294 . :Vorth Pennsylvanta.-Owns from Philadelphia, Pa., to Bethlehem, Pa., 56 miles; branches to Delaware River, &c., 30 miles. Ground rents and mortgages July 1, 1 893, $458,128. Leased for 990 years from May 1, 1879, to Phila. & Reading at 8 p er cent on stock. North & South of Illinols.-Owns from Springfield to Lit.ohfield, Ill., 43 miles. and from Litchfield to Mount Oliv e. 7 milee, Successor to St. Louis & Chicago foreclosed. Litigation pending, the   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  I receiver  4 g. M. & N.  do do do do do do do do do do Q:.:::j, New York & Phila. Q.-J. do do M, & 8. ·do do J. & D. Balt., Mer. Tr.&Dep.Co.  A.pr;9i{-Oot.'OZ A.pr'95-Jan '03 Moh. 1, 1922 $21,000Deo.1.  5 g. J. & J. N. Y., A.tl. Tr. & Phila. 6 per an. M. & S. Burlington, N. C. 6 g. M. & N. San Fran., Co.'s Office. 5 g. J. & J. do do 5 g. J. & J. do do 8 per an. Q.-F. Phila. Of.,24080. 3dSt. 7 M. & N. do do 7 J. & J. do do 6 IM. & s. do do 5 g. . . ... 7 M. & N. Se~ text. 5 g. A.. & 0. Phila., Phila. & Read'g. 6 per an. J. & J. Charleston, Office. 8 M. & 8. do do 8 M. & S. do do 6 g. J. & J. N. Y., Cuyler~~<?rgan. 6 per an. Q.-J. Boston, 19 .oo.ilK Rt-. 6 J. & J. . _•..... __ 6 J. & J . .. ....... 5 g. J. & D. N. Y.,So.Pac.,23Broad See text. J. & J. Balt.&Phil.,23~S.4thSt. 6 Q.-J. Annapolis.  Jan. 1, 1922 Sept. 1, 1894 Nov. 1, 1901 Jan. 1, 1912 Overdue. Nov. 25, 1894 May 1, 1896 Jan. 1, 1903 Sept. 1, 19015 1940 Nov., 1926 A.pr. 1, 1920 Jan. 1, 18915 Sept. 1, 1899 Sept. 1, 1899 Jan. 1, 1933 Jan. 1, 1895 July. 1899 1920 June 1, 1929 Jan. 15, 1895 Irredeemable• .  5 g. 5 5 g. • •• ·5 g. 5 g. 5 g. 6  Nov. Jan. Oct. June  J. & J. A.. & o. J. & D.  1, 1, 1, 1,  1989" 194 'l 1912' 1908·  I  has not been dis charged. In April, 1894, this road was in-  I eluded in the reorg. plan of the Ch. Peoria & St. L.-which see-No. &  · So. of I. firsts r eceivin11; par in new bonds. Stock-Common, $1,500,000; pref., $1,300,000, 5 p. c. non-cum.; par, $100.-(V. 57, p. 91, 180.) Northeastern KR. of Georgta.-Owns from A.thens to Lula Ga., 40 miles. Stock is $231,000, and a Wll\iority of it was owned by the Rich. T ermina l, which held also $315,000 gen eral mortg a g e bonds. The Rich. Termin al pla n of February 20, 18 94, e xcluded this company' s securities from the proposed reorganization. Nov., 1893, first mortgage interest was paid in June, 1894, at Bank o:f the University, Athens, Ga. The road has been operated since Nov. 20, 1893, by R. K. Reav es, State A.gent. See proposition to bondholders in CHRONICLB or J a n. 26, 1895. Earnings Nov. 20, 1893, to A.ug. 31, 1894, abou~ 913 months , were gross, $!5,738; net, $11,151. (V. 58, p. 988; v. 59 p 1008 1104 114 0) ' · ' ' · . North•East _Pennsylvanla.-Owns road :fro_m Glens1de to NewHope,. Pa.• 26 miles . Controlled_ by P. & ~. Cap1t.a l stock, $4~0,000, of whrnh $312,600 owned l>y Phil. & Read. 1s deposited under its coll. trust deed of 1892. North-Eastern (S. C.)-Owns from Charleston, S. C., to Florence, B. C., 102 miles; leases jointly, Lane, S. C., to Sumter, S. C. 1 40 miles; total operated, 142 miles. Of consolida ted mortgag e $1,142,000 was held to r etire debts of prior lien. Stock, $900,000; par, $50. Dividends from 1888 to Jan., 1895, 6 per cent per annum. In year ending June 30, 1894, gross earnings were $575,216 (against $620,307 in 1892-93); net, $146,379; net including other income, $169,58 t , a g ainst $201,668; rentals, etc., paid, $3,914; interest p a id, $133,000; b a la nce for dividends, $32,667; paid dividends (6 p. ct.), $54,000. (V. 57, p. 1038.) Northern (New Hainpshlre).-See SUPPLEMENT, Sept., 1894. Northern A.dlrondack.-SEE SUPPLEMENT, May, 1894. Northern Callfornta.-Owns from Knight's Landing to Oroville, Cal., 54 miles. Leased to Southern Pacific Compa ny, which owns $1,277,500 of the $1,280,000 stock. This is not the Northern Railroad or California-see that compa ny. In 1893 gross earnings were $176,212; net, $35,531, against $35,598; deficit under charges, $22,232. Northern Central.-Owns from Baltimore, Md., to Sunbury, Pa., 139 miles, of which 117 miles double track-branch, 9 miles; leasesShamokin Va lley & Pottsville Railroad, 28 miles; Elmira & Williamsport R ailroad, 78 miles; operates a t cost-Elmira & Lake Ontario Railroad, 100 miles; Summit Branch R ailroad, 20 miles; Pellllsylvania Railroad, 3 miles; total operated, 377 miles. A.lso uses New York Lake Erie & Western tracks, 7 miles, and Philadelphia & Erie tracks between Sunbury and Lewisport, 40 m., and owns Union RR., 9 miles. ORG.A.NIZATION.-This was a consolidation of several roads in 1854. Controlled by the Pennsylvania RR., which owns $3,488,950 stock. SECURITIES OWNED-On Jan. 1, 1894, among the assets held were Balt. & Potomac stock (par) of $622,850; Elmira & Lake Ontario stock (all), $1,500,000; Shamokin Valley & Pottsville stock, $619,400; Union RR t k ( 11) $1 200 000 t 0 V 1 Of 11 b k $3 ~39 228 · s oc a ' ' ' 'e • a ue a • as per 00 s • ,o , • The income from investments in 1893 was $470,454. . LI.ABILITIES.-J ointly with the Penn. RR. and Phila. & Erie this company guaranteesdthe AllegheJny Va lley s v er cent lo$a n of 1870. Mortgaies and groun rents on anuary 1, 18 9 4 • were 3 19,830; "other Ila ilities," $11 234,682. Union RR. firsts for $900,000, due Jan. 1, 1895, were paid at office of Northern Central Ry. DIVIDENDS paid since 1882-From 1883 to 1886 inclusive, 8 ; in 1887, 8 and 10 stock; in 1888, 7; in 1889, 8; in 1890, 8 p. c.; in 1891, 7 p. c.; in 1892, 7 p. c.; in 1893, 9 p. c.; in 1894, 7 p. c.; in 1895, Jan.• 4 p. c. EARNINGS.-11 months .?. 1894, gross, $5,513,477; net, $1,685,256. January 1 to Nov. 30. 51893, gross, $6,350,588; n et, $1,951,359. ANNUAL REPORT.-Fiscal year ends Dec. 31. President's report for 1893, given at length in V. 58, p. 325, 343, 346, showed the following: Year end. Dec. 311890. 1891. 1892 1893. G min $6 608 797 $6 820 568 $7191 290 $6 881 806 ross ea gs.······· 1 ' 687•038 1 •9 • 4 , , , , , Net earnings · ··· · ····· , , 03,3 6 2,078,930 2,118,650 522 , 951 377,l8l 333 ,886 0ther receipts......... 496,979 T Ot 1 tin $2 209 989 $2 280 527 d,2 412 816 $2 615 629 a ne come.··· ' ' ' ' "' • ' • , Rentals, &o. . ........•. 475,572 440,461 442,140 500,253 Interest on debt....... 924,039 914,001 869,698 859,561 Divid ends ........•..... (7) 526,260 (7) 526,263 (8) 601,444 (8) 601,446 Miscellaneous......... 226,654 229,558 129,341 94,174 B alance, surplus.... $57,462 $170,244 $370,193 $560,195 (V 54 327 844 v 56 335 625 v 58 325 343 346) · 'p. ' ; • 'p. ' ; 'p. ' ' · Northern ot'New Jersey.-Owns :from Berg en, N. J., to Sparkill N. J., 21 miles ; leases Sparkill to Ny a ck, 5 miles. Operated under contra ct of April, 1869, New York Lake Erie & Western a t 3 5 per cent of its gross earnings and :fiv e fifty-six t hs of the bala nce. Stock, $1 ,000,000; p ar, $100. DIVIDENDS.-From 1884 to July 15, 1893, inclusive , 3 to 4 p er cent yearly; 18 94 , July, 214 p. c.; in 1895, J a n., 2 14 p er cent. In year ending JunA 30, 1894 , g r oss was $130 187; n et over expen ses, $ 96, 03, against $104,540 in 1892 -93; interest, renta ls and t a xes , $ 55,689; div idends (414 p. c.), $42,500; b alance, deficit, $1,38 6, aga inst s urplus, $5,161 in 1892-93.-(V. 55, p. 461; V. 57, p. 515; V. 59, p . 331.) -  INVESTORS' SUPPLEMENT.  [VOL. LX.  Subscribers 'Will confer a great f'avor by giving Immediate notice of' any error discovered In these Tables.  RAILROADS.  Fer explanation of column headings, &o., see notes on first page of tables.  I  Btmds-PrinciINTEREST OR DIVIDENDS. Miles Date Size, o, pal, When Due. Amount Rate r.er When Where Payable, of Par of and by Stocks-La.st Outstanding Road. Bonda Value. Cen . Payable Dividend. Whom.  lforthern Oentral-(Ooncluded)-2d mortgaf .... o* 138 1865 $500&0. 1,000 ,Consol. M., gold; coup., int. J & J; reg., A O.c&r 138 1868 d:lonaol. ~en. mort. gold, a.f., drn. at 100, A&B.o 138 1874-5 $ & .£ $1,000 1876-7 138 .L>J 1~74, gold, ae- gold,$, C & D--···--········o 1,000 'bUrea all equally. gold, E ...................... o 138 1885 1,000 '2d gen. mort., aeries ".A." & "B" (A $2,593,000) .. 138 1876 1,000 9 1873 Union RR., 2d m. (now liat) assumed$ or £, gold.o 100 •orthern of New Jersey-~tock ........... ........... 100 &o. 3d mortjage, now lat (for $700,000) .....•...••. o ·2i 100 Morthern aciflc-Common stock ................... .... 100 Preferred stock (8 per cent, not cumulative) ...... --·· lat M. and ld. gr. Missouri Div., dr'n at par.o*&r 205 i879 100 &o. lat M. and ld. gr. P. d'Or. Div.,drawnatpar.c*&r 225 1879 100 &c. Gen.latM. ld. ,a., g., $25.000'p. m.,dr. atll0o*&I 2,146 1881 l,OO0&l' 1,000 1894 Receiver's certifloa.tea, gold, red. at 101 p. o ..... c Gen. 2d mort., gold, land e-rant, drawn at 110.o*&r 2,i:is 1883 1,000&o Gen. 3d mort., gold, sinking fund, not drawn.o*&r 2,146 1887 1,000&o Consol mortga~e for $160,000,000, gold ..... o*&r 3,476 1889 l,OOO&o 1,000 1893 ()oil.tr.note@($ 5,000,000) g.,red. af.May1'96.c&r 1888 500 &o. Dividend certificates, ext'd in '88, red. after 189!! 1888 .64 1886 eiU~~~~~i·e~ii.' ist· M~," goi<Ce;. .. ~ ~ 500 39 1886 Coeu, d'Alene lot ., g., not drawn... •• f f . 1,000 49 1888 Gen. M.,$25,000 p. m.fl.············ .c* tD ~.g~ 1,000 1886 110 Spokane & Palouse lat ., /f;°ld ....... e* ~ 1,000 Duluth & Manitoba lat mor ., gold.... e* ~ ct> _g 110 1886 1,000 96 1887 Dakota extension lat mort., gold...... :f311 t>. i:l 1,000 17 1887 Helena & Red Mountain lat M., gold.c* ~ ::1.c o No. Pao. & Mon, lat M., g., not dr'n .. o*&r ~"" ,o ¢l Text. 1888 1,000&0 Cent. Waahin~n RR. lat M., gold.. c*&r ~ be (I) (I) 108 1888 1,000&o Nor. Pao. & ManitobaTerm. latM.,g .. o* .9$ S ··-· 1890 1,000  l  iss1 ....  ~!a  r 1  ..  ~= =  i:ooo  $1,126,000 6 A. & O. Baltlmor!l'Philadelp'a 6 g. Various Baltimore, Treas. Office. 2,80-1,000 6 g. J. & J. London and Baltimore. 1,727,000 2,000,000 6 g. J. & J. Baltimore, Treas. Office. 1,400,000 do do r-2g. .A.. & o. J. & J. Baltimore,Treaa. Office. 3,593,000 6 g. M.&N. N. Y., London & Balt. 600,000 1,000.000 See text. J. & J. N. Y., 199 Chambers St. 654,000 6 J. & J. Jer. City, Hud'n Co. Bk. 49,000,000 . .... 35,2(>9,546 See.text. M:·&·N. 6 N. Y., MJ.lli B~lding. } 2,469,000 M.& 8. 6 do do 42,521,000 J. & J. 6 do do See text. 6 Q.-J. do do 19,216,000 6 g. A. & 0. Apr., '93. coup. last pd. 11,461,000 6 g. J. & D. June, '93, coup. last pd. Sne text. 5 g. J. & D. June, '93, coup. la.F<t gd, 10,275.000 g. M.& N. N.Y., Farm'rs L.&T. o. 519,500 J. & J. July, '93. coup. last pd. 3,000,000 Q.-J. N. Y .• Milla Building-. 7 963,000 6 g. J. & J. July, '9::J, coup. last pd. 360,000 6 g. M.& 8. Sept., 93, coup. last pd. 6 g. A. & O. Apr., '93, coup. last pd. 878,000 1,766,000 6 g. M.& N. See text. 1,650,000 6 g. J. & J. See text. 1,451,000 6 g. J. & D. See text. 400,000 6 g. M.& 8. Mch., '93. coup. last pd. 5,381,000 6 g. M. & 8. Mch., '93, coup. last pd. 1,750,000 6 g. M. & 8. Mch., '93, coup. last pd. 750,000 5 g. J. & J. July, '93, ooup. last pd.  .......... 0  g  A.pr. July July July .A.pr. Jan. May Jan. .A.pr.  1, 1900 1, 1900 1, 1904. 1, 1904. 1, 1925 1, 1926 1, 1900 15, 1895 1, 1917  1E;u·rn;i892 ay 1, 1919 Sept. 1, 1919 Jan. 1, 1921 July 1, 1897 Deo. 1, 1933 Dec. 1, 1937 Dec. 1, 1989 May 1, 1898 Jan. 1, 1907 Oct. 1, 1898 Jan. 1, 1936 Se~t. 1, 191 6 Oc. 1, 1938 May 1, 1936 July 1, 1936 June 1, 1937 Moh. 1, 193 7 Sept. 1, 1938 Sept. 1, 1938 May 1, 1939  Northern Paclfic.-LINE OF RO.AD-Main line-Asnland, Wis., The back surplus due the preferred for dividend'8 Mrned but not disPortland and Wallula Junction, Ore., 2,137 miles; Duluth to tributed is invested in consolidated bonds of the par value of $3,347,Northern Pacific Junction (12 interest), 24 miles; Northern Pacific & 000, which are held by the Farmers' Loan & Trust Company. Manitoba (connecting with Canadian Pacific at Winnipeg and Brandon), DIVIDENDS on preferred.-In 1883, 111 10; from 1884 to 1889 inclusive, 264 miles; various other lines and branches, 875 miles. Total. owned, 8,354 miles. Leases-St. Paul & Northern Pacific, Brainerd to St. Paul, nil; in 1890 and 1891, each 4; in 1892, Jan., l; April, l; since, none. and branches, 182 miles; trackage-St. Paul Minneapolis & Manitoba., BoNDs.-See abstract of general first mortgage in V. fl8, p. 903; of St. Paul to Minneapolis, 12 miles; Minneapolis Union terminals, 3 general 2d mortgage V. 5 , p. 942; and or general 3d mortgage V. 47, miles; other lines, 3 miles; total, 18 miles. Also operated sunJry branch p. The general 1st, 2d and 3d mortgages have a first, second lines, making grand total Oct. 1, 1893, 4,374 miles. See also Seattle 11,nd22.third lien re pectively on the company's main line and on the Lake Shore~ Eastern and Wisconsin Central. lands, except as to the parts subject to the two divisional mortgages of HISTORY, ETC.-Chartered by act of Congress July 2, 1864. The road 1879 and the lands east of the Missouri River, which until default on opened, 450 miles, to Bismarck, was foreclosed in 1875, and reorganized. the ~eneral firflt mortgage bonds are subject to the rie:hts or the preChicago & Northern Pacific took for $15,010,000 (a majority interest) ferred stockholders. After default, however, on the general first was acquired in 1890. The Chicago & Calumet Terminal Rail- mortgage, that mortgage becomes a prior lien on the lands east or the way also was purchased, all its $6,000,000 of bond being pledged as MiRsouri River, the pref. stock then cea Ing to have any claim thereon. Tile 2d, 3d and oousol. mortgc1.ges have no claim on the lands east eollateral under the N. P. trust deed of 1893. See Chicago & Northern Pacific. The receivers were relieved by the Court from the leases of of the MiR ouri River. The consolidated mortqage covers the main line and branches a one~e Wisconsin Central and Chicago & No. Pac. See those companiee. half undivided interest m 24 miles more, and all the land grant' except RECEIVERSHIP.-On Aug. 15, 1893, the property was turned over to that east of the Missouri River, which la subject to the preferred stock, Thomas F. Oakes, Henry C. Payne and Henry C. Rouse as receivers. and has a first lien on 1,330 miles o1 branches. (Abstract of mortgage COUPON P AYMENTS.-Of the interest maturing since tbe receiver hip -trustee, Farmers' Loan & Trust Co.-V. 50, p. 279.) Receiver Rouse's report on Dec. 1, 1893, showed that $62,443,000 conbegan the interest on the followin~ loans had been regula,rly paid up to Jan., 1895: Pend d'Oreilte ana Mo. Division 6s, the .ttrst 6 of sols had been executed. or these$4,346,000 were on band or pledged as 1881, the 1·eceirers' certificates, the collateral trust notes. The intereet collateral on loans and receivers' certificates and $8,850,000 were dedue October 1, 1893, on N. P. 2!1 mortgage was not paid. Foreclosure posited under oollateral tn1st and Northwest equipment contracts. In suits under the second and thud general mort11:ages and coniaol. mort- Nov., 1894, $4.5,676,000 bad been listed on N. Y. !3tock Exchange. Abstract of deed securing collateral trust notes ot 1893 [ Farmer,;' Loan gage was filed on October 18, 1893. (V. 57, p. 684.) Interest on Spokane & Palouse and Duluth & Manitoba bonds is payable under a & Trust Co., trustee] was in 56, p. 1017. Notes listed to Nov. 17, 1894, $7.500,000. Issued to Dec. 1, 1893, $10,275,000, of whi~h $8,940,000 ,special arrangement. See below. to subscribers. REORGANIZATION Co~nnTTEE.-Edward D. .Adams, Chairman; delivered Nor. Pac. & Montan,;r, bonds of 1888 are outstan,Ung to the a.mount ..John C. Bullitt, Loui Fitzgerald, Charles H. Godfrey, J. D. Prob. t, of$ ,843,000 on 354 mile of road, but or these $3,462,000 are pledged .Jam"'a Stillman a d Ernst Thalmann; depo itaries, Mercantile Trust under the ~- P. consol. mort~age of 1890. Cn tile same way, of the Co., N. Y., Pennsylvania Co .. of Philadelphia, and Deutsche Bank or Spokane & Palouse mortgaie for :il2,984,000 there are $1,218,000, Berlin and London, and Credit Lyonnaia of France. Committee's cer- covering the mileage in Idaho, pledged for No. Pao. consolt>.; the bonds tificates for the 3ds and consols are now listed on the N. Y. Stock in the table cover tbe road in Washiagton. Ex:ohange. Of the 2ds, the committee on Jan. 1, 1895, lacked about $3,000,000 of a. majority. FLOATING DEBT.-July, 1894, floating debt, including recei vera' certiftSecond mortgage bondholders' committee, Johnston Livingston cates, was $7,344,348; past·due coupons main line bonds, $4,116,000. Chairman: Luther Kountze, Dumont Clarke, Henry S. Redmond and LANDS.-See SUPPLEMENT of May, l 89!, and V. 58, p. 9-U. Charles S. Fairchild, all of New York, Charles B. Wright, Phila, and "Benjamin P. Cheney, Jr., Boston, SecrPtary, S. E. Kilner, care o1 RECEIVERS' CERTIFICATES.-In Oct., 1894, issue of $5,000,000 re• ,estate Fredk. Billings, 120 Broadway, N. Y. V. 59, p. 70. 116. ceiven' certificates to be used as follows: To take up certificates fall· Third Mortgage Committee.-Evans R. Dick. C. B. Van Nostrand, .Max ing due October 1 amounting to $2,135,985; in replacing the amount Ruckgaber, Jr., of N. Y., and Charle oagne Tower, Jr., of Phila.,; de- taken from eurrent funds, $n31,000; in paying the amount of the un• positary, N. Y. Guaranty & Indemnity Co. Bee committee's circular ot redeemed loans outstanding. $1,263,074 and interest, and the preferen• .Aug. 15, 1894, v. 59, p. 319. Bee also v. 59. p. 153, 332. tial claims, amounting to 500,000. The e certificates, as re~arda their James River Valley bondholders' committee: James Timpson, 32 lien upon the corpus of the proJ)erty, rank, as did the prev10us issue, Nassau St., N. Y., William M. Cole, William A. Wheelock; depo itary, before the general second mortgage, but after the general first mortU.S. Mortgage Co., 59 Cedar Bt., N. Y. V. 59, p. 6sr. gage. They are to have for their Pecurity, first, a lien on the bonds and Oamr d'Alene general mort. bondholders' committee: W. J. Qutnlan, stocks in the Northern Pacific treasury and such as are set free by pay• .Jr., Chemical Nttt. Bauk, N. Y., M. L. Scudder, John P. Townsend; de· ment of floating debt; second, a lien on tbe income of the road, and, poaitary, Farmers' Loan & Trust Co. V. 58, p. 1072. First mortgage thfrd, subject to the general first mortgage, as already said, a lien on ,eommittee is Ch• ster W. Chapin, Frederick Grant, E. M. Buckley, L. S. the corpus of the road itself. Holzmarster and Henry Martin. V. 59, p. 1142. Of these oertitioateia, $4,130,000 had been issued by the receivers to Spokane ti Palouse first mort. bondholders appointed a committee in Jan. 1, 1895. Receiver's oertitlcates were listed in N. Y. in Dec., 1894. Dec., 1893, Geo. R. Sheldon, Chairman, N. Y., Security & Trust Co., In June, 1894, the reora-anization comm. ttee loaned the receivers Depositary, 46 Wall Street, N. Y. In Ma.v, 1894., certificates or depo it $1,000,000 to prevent default Julv 1 on general first mortgage, the for $1,072,000 bonds were listed on the New York Stock Exchange. road's earnings having been otherwise applied. In Sept., 1894, this RENTAL.-Leased to Nor. Pac. in Aug., '94, for 4 p. o. on bonds May $1,000,000 loan and the receiver~• certificates repreaentmg the same 1, '93, to Nov. 1, '94; 5 p. o. Nov. 1, '94, to May 1, '97; also taxes, had all been paid off. V. 59, p. 515. maintenance, etc., V. 59, p. 192, 277. Lease oonttrmed in Sept., 1894. EARNINGS LEASED LINES.-For the fiscal year 1892·93 the receivers See coupon payments V. 59, p. 1059, 1104. V. 57, p. 980; V. 58, p. repo1 ted the loss to the No. Pao. on the leased lines, after payment ot 514,736,904; V. 59, p. 836. Duluth & Manitoba bondholders' committee: Frederick Cromwell, charges, to have been as follows. (See V. 57, p. 854): Chairmfm, 32 Nassau St., N. Y., Cornelius B. Golrt, E. R. Dick, Charle- James River Valley........ $65,4791 Helena & Red Mt .....••.•. $30,270 ma.gne Tower, Jr., and C. B. Wright, Jr. In June, 1894, D. & M. was Coeur d'Alene .............. 98,931 No. Pac. & Montana........ 423,659 leased to No. Pacific from Aug. 15, 1893, to July 1, 1896. RENTAL Spokane & Palouse ..•..... 87,407 Centra,l Waahigton......... 117,989 4 p. c. per annum on D. & M. firsts for fl.rat 18 months (including oou- Duluth & Manitoba ........ 158,625 Other lines ................. 923,251 'fP&US due Dec., 1893, and Jan., 1895), and 5 p. c. per annum for re• For Receiver Rouse's report or Dec., 1893, on branch lines, see SUP· mamtng period (including coupons due June, 1895, and July, 1896. ,Coapona due Dec., 1893, and Jan., June and July, 1891, paid at above PLF:MENT of September, 1894 LATEST EARNING .-From Jan. 1 to Oct. 31, 1894 (10 months), gross, rates in December, 1 94, at Farmer 'L. & T. Co., N. Y. V. 59, p.1059. 1104. Remainmg coupons to be paid at maturity of eaob. Above lea E\ $13,ft78,155, again t $1n,'i85,041 in 1893. In year 1893 gross, $23,confirmed in September, 1894. V. 58, p. 263, 941, 1072, 1109; V. 59, p. 236,980, against $2 ,899,432 in 1892. For receiver's statement to .A.pr. 30, 1894, see V. 59, p. 28. 319, 6..JI, 836. No. Pacific & Montana bondholders committee: George R. Sheldon, 4 ANNUAL REP0RT.-Annual mePtino- is hPld at New York on the third Wall St., Robert Maday, C. T. Barney and Simon Wormaer; depository, Thursday in October. Report for 1893•94 was in V. 59, p. 694. WisKnickerbocker Trust Co., N. Y. V. 59, p. 1008. consin Central Lines' earoings are included for first three months ot Oentral Washington. committee: .A.. M. Hoyt, G'hairman. No. 1 Broad• 1893-94 only and excluded entirely from other years. way. C. T. Barney and Charles E. Eddy; depositary, Knickerbocker Yrs. ending J,me30. 1891. 1892. 1893 1894.. 'Trust Co. Trust Co. receipts listed in ~. Y. in July, '94. V. 59, p. 116. Mileage . . . .. .. . . . . . . 4,222 4,412 4,443 For directors elected in October, 1894, see V. 59, p. 697, !Llso p. 739. Passenger earnings. $8,680,492 $6,296,285 $5,917,054 $4,6.39:8·64 CAPITAL BT0CK.-The preferred stock has a preference for 8 per Freight earnings... 17,531,222 17,383,771 17,017,6'29 1~,378,402 c,ent in each year if earned, but is not cumulative. Until default on Mall, express, &o . . . 939,830 981,401 985,425 883,810 the general first mortga&'e the preferred was to be receivable in payment ,for lands east or '1is,.our1 River at par, and the proceeds of said lands (Ill Gross earnings .. $25,151,544 $24,661,457 $23,920,108 $17,902,076 1892 about 3,000,000 acres), were t > go to its retiirement. The prefer• Net earnings ......•. $9,750,548 $10,084,108 $8,985,996 $4,585,521 ;Ted stock was thus reduced from $51,000,000 to the present figure. Per ct. exp. to earn.'s 61 ·23 59·11 62·43 74·38 t,o   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  JANU.ARY,  RAU,ROA.O STOCKS AND BONDS.  1895.]  0  Pikeville  ,,,, /  M.AP OF THE  ,,,,.  OHIO RIVER R. R.  ./  AND CONNECTIONS.   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  i  ./·  I  /*  99  i  /  /*  v  I  St.Paul  "'  ~  N  \  ~  INVESTORS' SUPPLEMENT.  JOO  [VOL. LX.  Subscribers wtll con.fer a great Cavor by giving lnunedlate notice of any error discovered In these Table•. RAILROADS.  For explanation of column headings, &c., see notes on first page of tables.  NorthernPac.Ter.Oo.-latM., ~ld, red., atllO ... c~ Northern Railway (Oal.)-lst ., int. guar., gold ..  Consol. M. ($21,000,000),gold,lst M.on 197m.c*&r Northwestern Elevated-lat mort., $15,000,000 .... "'orwich ~ Worcester-Pref. stock, 8 p. c. rental. ... 1st M., principal and int. ro,ar. by N. Y. & N. E.c* Oconee & Western-lat M., 9,000 p. m., gold ......• Ogden Mine RR.-Stock (5 p.c.rent.0en. of N. J.) . . . Q~nsb. &Lake Ohamplain-Conaol. M. (now 1st M.) come bonds, not cumulative ..............•...•. Guaranteed debenture bonds ..................... r Ogdensb TransitCo.lat M. (Cent. Vt.& O~dens.,~u.) Saratoga & St. Law. 1st M., for $200,0 0, guar .. r Ohio & Mississippi-See BALT. & ORIO SOUTHWEST. ,()h,io River-lat m. b$2,000,000J, $12,000 p. m., g.c* Gen. M. (for $3,0 O,OOO)r£ol ,1st on 39milea .. c* Ravensw. Sp. & Glen.lat .,~ld,gu.,p.&i.(end.)c* Huntinr.on&BigS. lstM. ( 00,000),gold,gu.c* Ohio Soul .-lstM.,$4,000,000($15,000 fc.m.)g ... c~ General mortga~e, (for$2,800,000) go d ...•.... c~ Ohio Valley,Ky.· - st mortgage, gold ............. c* General co:nsolldated mortgage, gold, guar ..••. c* <Na Oolony--Stock ..........•..•.......•....•....... c* Bonds, not mort., ($2,000,000 F.& A.,Aug.'97)c&r Bonds do ................................ r Bonds for Fra.minl,ham & Lowell bonds ......... c Bonds not mort. ( 750,000 '84, due July, 1904) .r Bonds (authorized $3,000,000)~·····--·······--c*r Boston Olin. F. &N. B. mort.,int. guar. byrental.c Old Colony Steamboat bonds ...................... 0  M~.-int~guar."(end.)~o*  Pl~~uth &BJI1lciiet~\% ie1t -Omaha Bridge & Terminal ·Ry.-lst M. ($5,000,000)  Bonds-Prlno1INTEREST OR DIVIDENDS. Miles Date Size, or Due, Amount Rate £.er When Where Payable, and by pal,When of of Par Outstanding Stoc-ks-Laet Road. Bonds Value. Cen . · Payable Whom. Dividend.  i49 386  ..66 48 40 10 118  ....  .... ...9  169 208 33 12 226 226 108 108  .... .... . --· .... ....  --1883 is11  isso  1886 1887 1890 1892 1881 1889 1886 1888  . ...  '75-6-7 1882 1884 '84-'88 1894 i25 1880  ....  ·15  ....  --·  $1,000 $3,563,000 6 g. J. & J. Jan., '95, coupon paid. 1877 1,000 5,156,000 6 g. J. & J. N.Y., So.Pac.Co.,23Br'd 1,000 1888 4,751,000 5 g. A. & 0. do do (1) 1894 500 &c. 5 100 2,767,800 8pe~ an. J ...&.. J. Boston, Second Nat. Bk. 1,000 400.000 M.& S. Boston, N. E. Trust Co. 1893 1,000 5 g. M.& S. 360,000 100 450,000 5 per an. J. & J. Phila., 237 So. 4th St, 500 &c. 3,500,000 A. & O. N. Y.Mer.Ex.Bk. & Bost. 6 1880 100 &c. 999,750 A. & O. 6 1888 1,000 334,000 4 J. & J. St. Albans, Vt. ...... 759,500 F. & A. Boston SecuriJ Co • 6 1889 100,000 5 J. &D. Ogdensburg, • Y. ··-···  1893 1892 1893  1,000 2,000,000 1,000 2,598,000 1,000 300,000 1,000 300,000 1,000 3,629,000 1,000 2,542,000 1,000 1,000 } 2,394,600 100 14,178,600 See 1,000 3,600,000 1,000 200,000 1,000 498,000 1,000 4,250,000 l,OOO&c 2,500,000 1,000 1,912,000 ...... 300,000 ; ...... 500,000 ...... 225,000  5 5 6 6 6 4  g. g. g. g. g. g. g. 5 g. text. 6 41g 41g 4 4  J. &D. N.Y., Central Tr. Co. A. & 0. do do F. & A. do do J. & J. New York or Phila. J. & D. N. Y., Central Trust Co. M.&N. do do J. & J. July, '93, coup. last pd. do do J. & J. Q.-J. Boston, Office. Various do do J. & D. A. & O. do J. & J. do F. & A. do 5 J. & J. Boston, N. E. Trust Co. 41g M.&N. Boston. 5 g. Boston. ..&.. Boston. J. 5 J.  ?  ··--··  (1)  ·-····  .......  .... ......  Jan. 1, 1933' Jan~ 1, 1907 Oct. 1, 1938 Aug. 1, 1944 Jan. 5, 1895, Moh. 1, 1897 Moh. 1, 1923 Jan, 1895 Apr. 1, 1920 Apr. 1, 19"20 Apr. 1, 1920 Aug. 1, 1909' June 1, 1919' June 1, 1936: Apr. 1, 1937 Aug. 1, 1920, July 1, 1922' June 1, 1921 May 1, 1921 July 1, 1926' July 1, 1938 Jan. 1, 189 1895-'96·'97 Dec. 1, 1897 A~r. ~ 1904 1 04 1938 Feb. 1, 192 4, Jan. 1, 191 01903. Jan. 1, 191Z  ..........  No exact comparison of income account for 1893-94 with previous I Ohio River & Charleston Ry.-Owns road from Camden,. years can be made, but the report shows total income for the year, in· j S. C., to Marion, N. C., 171 miles. Also in operation in Tennessee from eluding interest, rentals, etc., received. $5,412,034. Against this the 'Allesons' Milld t• North Carolina State line, 32 miles; and in Kentuckycharges, paid and accrued, were-rentals, $1,680,373; interest, sinking from Richardson to Whitehouse, 8 miles. A reorganization in 1894!unds and other charges, $10,234,666. Deficit for year, $6,503,005. of the Charleston Cincinnati & Chicago. The company has been reorOf the total charges ($11,915,039) the Court has authoriz~d payments ganized with preferred and common stock but no bonds have been isof $6,347,131. Income and charges were given in detail in V. 59. p. sued as yet. Details of the stock not yet received. The earnings of 694. For previous years the income account has been as follows: the old company are given below: Yrs. ending June 30. 1890 1891. 1892. 1893. EARNINGS.-12 months, <1894 ....•. gross, $164,322; net, $22,2211 Other income, &c... $1,341,172 $1,593,135 $1,664,204 $2,166,727 Oct. 1 to Sept. 30. > 1893 ...... gross, 142,101; def., 46,089 Total net inc ..... $10,487,929 ${1,343,68 3 $ll,748 , 312 $ll,l 52 ,723 Office, 310 Chestnut St., ?hiladelphia. President, Samuel Hunt; sec'y Interest on bonds... $5,115,752 $6,247,074 $6,901,956 $7,092,160 a nd com pt., John J. Coll1er. V. 5 9 , p. io 5 9 .. Rentals.............. 1,424,021 1,362,114 1,230,214 1,198,333 Ohio Southern.-(See M~p)-Owns Sprmgfield, 0., to Wellston, Guarantees.......... 1,333,008 1,014,698 1,086,908 1,453,972 118 t¢}es, and hranc~es. 40 miles; extension fro}ll Sprin1?field to Lima, Pay'nts, other lines. 144,630 387,365 394,953 519,423 68 miles (completed m Dec., 1893) ; total, 226 miles. Dividends ........... (3) 1,112,732 (4)1,472,466 (2) 731,862 EXTENSIONS, ETC,-Lines from Springfield to Colun.>:bUS to conneci Sinking funds....... 301,918 73,600 1,188,018 1,ii7;5:37 with the Clev. Akron & Columbus have been proposeii. In OctGber,. Miscel.(gen. int.,&c.) 108,708 348,078 111,375 660,552 1894, the Columbus Lima & Milwaukee Ry., proiected from Lima to, - - - - - - - - Defiance, Ohio, was leased and the first mortgage bonds are to be· Balance, surplus.... $947,159 $438,288 $103,0~6def $889,254 guaranteed. S2e V. 59, p. 651. Line from Jeffersonville to Lebanon, -(V. 57, p. 682, 684, '704, 723, 765, 809, 854, 939, 979, 1040, 1083, 42 miles, was aboup h_alf C?m~le~d in Octaber, 1894. This will give· 1123; v. 58, p. 127, 178, :&23, 264, 383, 431, 513, 550, 637, 682, 716, an entrance into Cmc11:1nat1 Vla Cm. Lebanon & No. (V. 59, p. 739. ► 903, 941, 942, 987, 1035, 1099, 1109; v. 59, p. 26, 28, 70, 115,116, 152, In June, 1894, the Ohio Southern and Clev. Akron & Col. had been, 153, 192, 319, 332, 4.73, 515, 551, 601, 651, 694, 697, 738, 781, 836, brought under one management. (V. 58, p. 1035.) 878, 894, 1008, 1059, 1104, 1141; V. 60, p. 42.) STOCK, ETc.-Stock authorized, $8,000,000; outstanding, $3,840,000; par $100. Stock was increased $2,500,000 from $5,500,000 in April.. Northern Pacific Terminal Company.-Owns terminals on 1894. Traffic principally bitummous coa1. the Willamette River, Ore., at Portland,East Portland and Albina, oom• BONDS. -Both the first and the general mortgage are to the Central prising lands 270 acres, trackage 24 miles, dock trontage 7,904 feet. Trust Company, as trustee. The first mortgage is limited to $4,000,000 LEASE.-Lea8ed for fifty years from Ja.n. 1, 1883,jointly and severally at $15,000 per mile of completed road. In May, 1894, iss~ of" to Northern Pacific, On-gon Ry. & Navigation and Oregon & California, $8,000,000 :fifty-year 5 p. c. gold bonds was authorized to redeem with guaranteed rental to pay interest, sinking fund and taxes. Great prior bonds, etc. In 1893-94 $1,302,000 first 6s were issued for Lima l(orthern Ry Co. in August, 1894, arranged with Oregon Ry. & Nav. extension, etc. In Sept., 1894, $172,000 issued for Port William extenCo. to run trains into Portland. sion, 14 miles. April 30, 1894, there were $217,564 loans and bills paySTOCK.-Stock 1$3,000,000) owned by said three companies (40 p. c. able and $255,000 car trust 6s. due part yearly. by Oregon Ry. & Nav. Co., 40 per cent by No. Pacific and 20 per cent by EARNINGS.-4 months, c1894...... _. gross, $296,342; net, $171,076Oregon & Cal. RR.), a.nd held by Central Trust Co. of New York, to be July 1 t• Oct. 31. 51893 ........ gross, 216,615; net, 116,789' delivered after payments to the sink. fund, which is to cancel the bonds ANNUAL R.EPORT.-Report for 1893 in CHRONICLE, V. 59, p. 330. BONDS.-The first mortgage is for $5,000,000. The sinking fund began Gross earnings were $702,360; net, $370,454; interest on bonds, $241,1n 1893, and is to retire the bonds by maturity, bonds being drawn at 880; surplus, $123,574. In 1892 gross, $711,541; net, $362,049.-(V. 110 and interest. The Jan., 1895, interest was paid when due at office 56,p.206,331, ~62.700.973; V.57,p. 143,299, 376,596,765,894; . of Wmslow, Lanier & Co ., New York City. (V. 59, p, 28, 423.) V. 58, p. 513, 683, 90!, 1035; V. 59, p. 330, 476, 651, 739.) Northern .Railway Co. (Callfornia).-This was a consolidaOhio Valley.-Completed fromEvansville,Ky., via Princeton on the tion in May, 1888. Owns 390 miles of railroad, leased for 99 years fl:om Chesapeake Ohio & Southwestern, to Hopkinsville, 130 miles, of whiobl July 1, 1888, to the Southern Pacific Co. Lessee pays :tlxed charges 21 miles, Princeton to Gracie, is leased ; branches, 9 miles. and 6 p. e. en stock, if earned, and retains surplus. ORGANIZATION, ETc.-Stock is $2,162,200 (par, $100), of whioh ill The capital stock authorized is $21,000,000; issued $12,896,000, all but 1891 $1,297,500 was purchased by the Chesapeake Ohio & Southwestf195,300 being owned by Southern Pacific Company. Cn 1893, gross, ern, which guaranteed the bonds by endorsement. Bee V. 52, p. 974.. $2,439,927; net, $892,118, against $1,159,725; other income, $94,926; Due C. O. & S. W. July 1, 1892, $254,103. The general mortgage trus• surplus over charges in 1893, $440,058. tee is Central Trust Co. In Dec., 1893, John McLeod was appointed receiver. Application to foreclose made in Feb., 1894. Nor-wlch & Worcester.-See SUPPLEMENT of September, 1894. EARNINGS.-In 1892-93 gross, $358,526; net, $7,661. In 1891-Q2 gden Mlne.-Owns from Nolan's Point (Lake Hopatcong) to gross, $279,588; net, $18,887. (V. 54, p. 800; V. 58, p. 264.) r.;parta (or Ogden Mine), N. J., 10 miles. Leased tor 999 years from Old Colony (Mass.)-Owns road from Bo&ton to Provincetown.Jan. 1, 1882, to Uentral RR. of N. J. for 5 p. c. per annum on capital Mass., Newport, R. I., etc., 495 miles; leases, 108 miles; total operated.stock and$500 yearly for organization expenses. 603 miles. See SUPPLEMENT of September, 1894. Ogdensburg & Lake Champlaln.-Owna from Rouse's Point, LEASE.-In 1893 leased to the New York New Haven & Hartfordl. N. Y., to Ogdensburg, N. Y., 118 miles, and leases branch, 9 miles. On for 99 years. About $5,000,000 of the stock was exchanged for NewJune 1, 1886, leased in perpetuity to the Central Vermont RR. Co. for Haven stock. The lease provides for dividends of 7 p. c. per annum Inter est on bonds. Stock, common, $3,077,000 (par, $100), of which on stock not exchanged. See V. 56, p. 247,374. The Old Colony Steam$1,n91,000 ls owned by Central Vt.; preferred, $500. On Sept. 30, 1894, boat stock for $1,200,000 was mostly exchanged lor stock of the Old! loans and bills payable, $35,000. Colony RR. Co. The Steamboat Co. in November, 1893, sold $500,000EABNINGS.-For year 1893-94, gross, $781,090; net, $220,565; deficit of 10-year 5 per cent gold bonds for new steamers. under interest, etc., for year, $4,650. In 1892-93, gross, $850,176; STOCK, ETc.-An increase of stock from $12,000,000 to $15,000,000 net, $216,747.-(V. 58,p. 384, 1110; v. 59, p. 3.'71, 969.) was authorized in Nov., 1889, and on Sept. 27, 1892, a further issue Ohio River.-( See Map)-ROAD.-Owns from Benwood, opposite was authorized in order to raise the grade of Boston & Providence Wheeling, West Va., to Huntington, West Va., 211 miles; trackage into track for four miles, as ordered by the Legislature. Application grantedl Wheeling, 3 miles; leases Huntington & Big Sandy Railroad (opened in December, 1894, to sell $200,000 stock at auction. V. 59, p. 1142. early in 1893), ffuntington to Kenova, West Va., on the Norfolk & In 18ll4 $2,500,000 4s of 1924 were issued. Floating debt aftn deducting cash assets June 30, 1894, $556,554;. Western's new line, 12 miles; operate@ Ravenswood Spencer & Glen· ville Railway, Ravenswood to Spencer, 33 miles; total, 259 miles. Ex- there were also $200,000 of 5 per cent notes. DIVIDENDS since 1881-In 1882, 612; 1883 to July, 1891, both in• tension Huntington, W. Va., to Ashland, Ky., is projected. elusive, at the rate of 7 per cent yearly; in December, 1891 (dividends STOCK,-Authorized, $6,000,000; outstanding, $5,915,430; par, $100 changed to quarterly), 29 per cent: in 1892, 7; in 1893, March, ll\l. 10 BONDS.-Trustee of the first and the general mortgage is the Fidelity per cent; June, 213; thereafter 1¾ per cent quarterly under the lease. Ins. Tr. & Safe Dep. Co. of Phila. The R. S. & G. mortgage is for $4.00,ANNUAL REPORT.-Operations since July 1, 1893, are included in N •. 000. On June 30, 1894, car trusts, principal and interest, amounted to Y. N. H. & H. report. (V. 57, p. 469, 546,556, 1084; V. 59, p. 512,$23,079; bills payable, $317,500, and in treasury were $402,000 of the 1104, 1142.) $3,000,000 general M. 51:1 and $132,050 Hunt. & Big Sandy 6s. Omaha Bridge & Te-rminal Ry.-This oompany owns and EARNINGS.-On 215 miles, l 1894 ...... gross, $:'l14,591; net, $198,073 operates a double track steel railway brid~e across the Missouri River Jan. 1 to Sept. 30, 9 mos. 5 1893 ...... gross, 596,951; net, 232,744 between the cities of Omaha, Neb., and Council Bluffs. Ia. Also a, . ANNUAL REPORT.-Fiscal year ends Dec. 31. Report for 1893, with lme of raHway tietween Omaha, South Omaha and Ea t Omaha, Neb., balance shPet, was in V. 58, p. 86i, showing gross earnings, $790,262; and Council Bluffs, Ia. At present it has in operation 39 miles of track net, $28 6,8 l4; interest. $238,157; other charges, ;;26,276; balance, and has in contemplation large additions. It has connections with all snrplus. $22,381. In 1892, gross, $795,136; net. $342,345. Geo. W. the leading railroads reaching Omaha. Mortgage of 1893 covers th Thompson, .President, Parkersburg, W. Va.-(V. 58, p. 864.) bridge at Omaha and the lands and other property.  O   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  1  ...  Q  00  ~0  p'.:l  ~ w.  ~ 0  0 8  w.  ~  ~ Nern MAP OF THE u5  ~ r-1  ~  ~ ~  OHIO SOUTHERN RAILROAD & CONNECTIONS.   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  )0~  INVESTORS' SUPPLEMENT. ,  [VOL. LX.  Subscribers "Will cont'er a great f'avor by giving lrnrnedlate notice of' any error discovered In these Tables. RAILROADS.  For eX()lanation of oolumn headings, &o., see notel!l on first page of tables.  INTEREST OR DIVIDENDS. Boncls-Prino1Mlles Date Size, or Amount - - - - - - - - - - - - - - - - - 1 p a l , W h e n Due. of Boonfds Par Outstanding Rate per When Where Payable, and by .Stock!-Last Road. Value. Cent. Payable Whom. Dividend.  Omaha  cf St. Louis-lat mortgage, gold ...••••.•.. o* 14.5 2d mortgage ($4,000 per mile) go1d ......•..•.. o* 145 Fund. int. certs. sec. by 1st M. coups., red. at 100 . . • . Oregon cf OaL.-lstM.,g.($30,000p.m.)dr'natlOO.o* 596 Oregon Imprm,ement-See MISCELLANEOUS COMP AN IES. Oregon .t'aciJtc-Receiver's certificates...•........•. 1st mort., land grant, s. f., g., $25,000 p. m .••. c*&r i36  Oregon Railway & Navigation-Stock....... . .....•.  . ••.  1887 $1,000 18~0 1,000 1891 .•.... 1887 1,000  i890 i894  i:ooo 100 i:ooo 1,000  $2,717,000 51,000 271,700 18,707,000  4 g. J. & J. In default. 5 g. J. & D. do 5 J. & J. do 5 g. J. & J. N. Y., South Pacific Co.  Jan. May Jan. July  1, 1, 1. 1,  1937  1940 1937 1927  850,000 8 A. & 0. Apr., '92, coup. last pd. 15,000,000 6 g. A. & 0. Apr., '90, coup. last pd. ooi:" 1,--faoo,. 24,000,000 6 per an. Q.-J. See text. Oct. 2, 1893  (1) Receiver's certs., ($500,000 are prior to 1st M.) .. ··6·g. 4,938,000 1st mort. bonds, gold, sink. fd. (drawn at 100) .. o i:ff9 1879 5 g. 12,583,000 Consol. mort., gola, $25,000 per mile (see text)c&r 819 1885 1,000 5,182,000 5 g. Collateral trust, gold, redeemable at 105 ....... o* 223 1889 100 26,244,853 Oregon Short L. & U. N 01·.-Stock, $27,000,000 auth. . .. . ..6. 1,000 14,931,000 Ore. Sh. L. 1st M., prin. gold,int. lawfulmoney.c* ... . iss2 1,000 424,000 7 Utah Southern 1st mortgage, currency ... ••.•••·· .. . . 1870 1,000 Utah So. mort., S. Lake to Juab (for $1,950,000) .o 1 0 5 1879 1,526,000 7 1,000 1,950,000 Utah South. Extension., 1st M., Juab to Frisco.o 138 1879 7 1878 1,000 4,995,000 Utah & Northern 1st mort., $12,000 per mile .. o* 7 1,000 1,831,000 Consol. M.,guar.., $15,000 p. m.,s. f.not dr'n,g.o* 489 1886 5 g. 1,000 107,000 Equipment bonas ($35,000 payable yearly). . ... . ... 1887 5 1,000 131,000 6 Idaho Central 1st mort. Nampa to Boise City .. o* 19 1887 1,000 10,895,000 5 g. Con. M., see text, gold, red. at 105 .............. c* 1,482 1889 5 g. Collateral trust, gold (redeemable at 105) guar.o* . . .. 1889 500 &o. 13,000,000 1,320,400 9 per f\n. -Oswego & Sy,·acuse-Stock, 9 p. c. guar., D. L. & W. 35 50 1,000 Consolidated mortgage (~ar. D. L. & W.).... . . . . 35 i876 438,000 7 1,000 668,000 Construction M., guar.prm. &int.(for $1,000,000) 35 1883 ~ 560,000 -Owensb. Fatls or Rough & G. Riv.-Old 1st mort.... . . , . ·--·-· See text. 5 g. Consol. mortga~e, $20,000 per mile, gold..... . ... . . . . i892 -·--·1,000 6 g. Owensboro & Nasn,ville-lst mortga~e, gold ....... c* 2,000,000 8 8 1881 Paducah Tenn.&Ala.-lstM., $20,0"00p. m., goldc* 118 '90-'92 1,000 2,432,000 5 g. 1,000 1,491,000 Tennessee Midland 1st M., gold, interest guar .. c* 135 1892 5 g. 1,000 1,220,000 2d mortgage, gold, inteiest guaranteed.....•. o* 135 1892 5 g.  1;  J:·&··J.  N. Y. Seo. &Trust Co. Juiy · ·i 909" J. & D. June, '93, coup. last pd. June 1, 1925·• M. & 8. Sept.,'93, coup. last pd. Sept. 1, 1919  F: ·&: A. Aug.,'94·, ii<i: "i>ec.6, '94.  J. & J. J. & J. J. & J. J. & J. J. & J. A. & 0. J. & J. A. & 0. M. & 8. F. & A. M. & 8. M:.~..N.  Jan., '94, coup. last paid Jan., '94, coup. last paid Jan./94,coup.Iastpaid no do Jan., '94, coup. last paid See t ext. Jan.,'9t,coup.lastpaid Oct., '93, coup. last pd. Sept.,'93, coup. last pd. N. Y., Del. L. & W. RR, do do N. Y.,F~~~·.~-.~Tr.Co.  Feb:· 1; ·i922 At Co.'s option, July 1, 1909"• July 1, 1909' July 1, 1908July 1, 192{t.. Apr.1,yearly. Jan. 1, 1917· Apr. 1, l 919' Sept. 1, 1919-• Aug., 1894 Moh. 1, 1907 May, 1923  .i.943· M:·&·N. N Y., 120 Broadway. J. & .J . Jan., '94, coup. last pd. M. & N. May, '93, coup. last pd. J & J. July, 1893, last paid.  I  Nov. July May July  1, 1, 1, 1,  1931 19201922 1922~  Omaha & St. Louls.-Owns Council Bluffs Ia., to Pattonsbur~, Mo. EARNINGS.-6 months,~ 1894, gross, $1,228,691; deficit, $176,947. 144 miles. In June, 1893, John F. Barnard was appointed receiver. I Jan. 1 to June 30, 51893, gross, $1,855,510; ne.t, $339,918. On March 2, 1894, the first mortgage bondholders' committee, W. ANNUAL REPORT!' - Union Pacific reports have shown: Emlen Roosevelt, Chairman 1 reported that $450,000 would be neces· Gross Net, incl.other Interest Dividends, sary to place the road in an rndependent position. V. 58, p. 384. De• Year. Earnings. income. on bonds. etc. Deficit. posltary for first mortgage bonds is N. Y. Guaranty & Indemnity Co., 1893 ..... $3,868,113 $863,812 $1,184,650 $1,671,620 lf 1 992,45859 Cedar St., N. Y. Receipts listed on N. Y. Exchange. V. 59, p. 291. 1892•.•.. 4,831,793 1,821,929 1,076,461 1,809.909 1,564,441 REORGANIZATION PLAN.-The bondholders' plan issued under date 0 1891. ..•. 5,673,172 1,726,046 1,070,367 1,782,628 1,126,949 • Oct. 30, 1894, was given in V. 59, p. 836. The plan calls for the issue 1890..... 4,954,711 908,336 1,016,456 1,681,070 1,789,190• of new securities as follows: (1) First mortgage 5 p. o. (" prior lien") bonds.!. $4001 000 for equipment and betterments. (2) First consol. 4s, -(V. 57, p. !lR0, 1,040, 1.084, 1,123; V. 58, p. 942, 1035, 1110; V. 59,. p. 71, 153, 291, 1059 ; v. 60, p. 43.) $1,35lj,500 m exchange for old first 4s at par. (3) General mortgage 3s, $1,952,900 in trust for new first preferred stock. (4) First pre· Oregon Short Line & Utah Northern.-(See Map Union, ferred 5 p. c. non•cumulative stock, $1,952t900 for old firsts (in addi- Pacific.)-ROAD.-Owns road from Granger, Wyoming, to Huntington,. tion to 1st console above) and old secona 5s. (5) Second preferred Oregon, 542 miles; branch Shoshone to Ketchum, Idaho, 70 nilles .$444,100 for old preferred, at 1 for 5. (6) Common stock $463,000 for Ogden to McCammon, Idaho, 111 miles; Pocatello to Silver Bow, Mont a.na, 256 miles ; Lehi Junction to Tintio, Utah, 54 miles; Ogden, Utah~ old common at 1 tor 5. BTOCK.-Pref. 6 p.c. non•OU., $2,220,500; com., $2,313,000; par, $100., to Frisco, 275 Bliles; sundry branches, 117 miles (&f which 40 miles narrow gauge); total, 1,425 miles. Also owns but leases to the Montana. BoNDs.-Five coupons to Jan. 1, 1893, were funded. Interest due, Union Ry., Silver Bow, Idaho, to Butte, Garrison, Mont ,eto., 57miles. July 1, 1893, was not paid. Abstract of mortgage, V. 45. p. 213. Bills Also leases and controls the Ore. R. & Nav. Co., which see above. payable July 1, 1892, $50,212. ORGANIZATION.-l!'ormed in 1889 by a consolidation of the Oregon EARNINGS.-From Jan. 1 to Aug. 31, 1894 (9 mos.), gross, $259,373 Short Line, the Utah Northern and other lines. It is controlled by the · against $367,090 in 1893. For year 1892·93 gross, $608,468 againi;it Union Pacific Railway Co, which operated it under a traffic agreement. $575,310 in 1891·92; net, $97,171, against$75,673.-(V. 59, p. 28, 291.) RECEIVERflHIP.-On Sept. 6, 1894, the receivers of Union Pacific· Oregon & Oalif~rnla.-From Portland, Ore., to California State were appointed receivers !or Oregon S. L. ~ Utah Northern. Separat& line, 367 miles; Albany Junction to Lebanon, 12 miles; Portland to recoivers applied for. Corvallis, 97 miles; Woodburn to Natron, 93 mile1>; purchased in 1893 COUPON PAYMENTS.-Of the coupons due Jan . 1, 1894. those held by Oregonian RR. and Portland & Yamhill RR.; Portland, Ore., to Airlee, the public were paid Feb. 19, 1894, by Union Trust Co., N. Y., or Union Ore., and branch, 86 miles. Total, 653 miles. Pac. Treasurer in BoRton. Ut,1,h & Northern equip. trust 5s. int. andl LEASE, ETc.-Leased to Southern Pacific Co. for 40 year11 from Janu• sinking fund due April 1, 1894, was paid May 21, 1894. July, 1894 ary 1, 1887, the lessee guaranteeing interest on the bonds, and the lessor coupons of August, 1894, coupons of Oregon S. L. firsts were paid:i receiving any net profit and being charged with any deficit after pay• Dec. 6, 189 i. ment of charges. Betterments are payable by lessor. Pacific ImproveCAPITAL 8TOCK.-8tock authorized $27,000,000 (par, $100) ; outstand· ment Co. owns the bulk of its $19,000,000 stock, $12,000,000 of which ing $26,244,853, of which Union Pao. Jan. 1, 1894, owned $15,116,703~ is 7 p. o. pref.; par is $100. Due So. Pao. Co. Jan. 1, 1894, $94,394. pledged as pa.rt security for the U. P. collateral trust notes of 1891. BONDS.-Land grant was about 4,000,000 acres, part of which is cov• FLOATING DEBT.-Jaa.1, 1894, $5,878,674, or which $3,389,858 du&· ered by the mortgage, proceeds of land sales going to redeem bond.a drawn at par, unless purchasable lower. Trustee of m0rtgage, Union Trust U.P. Assets-Company's bonds, $1,567,011; accounts receivable,$251,986; net floating debt, $4,059,677, against $3,306,220 Jan. 1, 1893. Of Company, New York. The Southern Pacific guaranty of principal and interest is printed on each of the 5 per cents. In 1893 net land sales the $10,895,000 consols outstanain~ Jau. 1, 1894, $1,501,000 were pledged with U. P. as collateral for aavanoes, with power to sell. subject to mort. were 19,224 acres for $64,577; cash receipts, $21,900. BONDHOLDERS' COllIJIUTTEES.-Oregon Short Line first mortgage 6sEARKING~.-In 1893 groijs earnings were $1,863,140; net, $569,691 (against $484,929 in 1892); ~ed charges,. $1,012,523; deficit for Committee: R. C. Martin, Chairman, 50 Broadway, N. Y.; John Bigelow, Cyrus J. Lawrence, Bernhard Mainzer and Gordon Abbott; Secyear, $442,833.-(V. 56, p. 165, V. 57, p. 469, V. 5::!, p. 384.) retary, G. P. Butler, 54 Wall Street, N. Y.; depositaries, Central Trust, Oregon Improvement Co.-See MISCELLANEOUS COMPANIES. N. Y., and Old Colony Tru1<t, Boston. Nov. 26, 1894, over $8,100,00<>1 Oregon Paclfic.-owns from Yaquina to Detroit, Ore., 138 miles• 5 fir~~~i~ttUa~:~ i:~~sitfg a!d o~ iin9-Committee: Land grant of 850,000 acres was subject to a lien of $600,000. SALE.-Road was sold for $100,000 to Bonner & Hammond, of Mis· 8. Endicott Peahody, Chairman: W. G. Oakman. W. S. Fitz, George C. Lee, Howland Davis, Barthold Schles1nger and Francis S. Bangs; Secsoula, Mont., on Dec. 22, 1894, at Corvallis, Oregon. retary, N. w. Jordan, Exchange Building, State Street, Boston; deposiEARNINGS. -In year l891·92 gross, $117,339; deficit under operating taries, N. Y. Guaranty & Indemnity Co., N. Y., and Awerioan L. & T ► expenses, $80,465. Office, 45 William St., N. Y. (V. 57, :.,. 723, 1084, Co., Boston. A committee formed in Amsterdam will also work in 1123; v. 58, p. 431, 774, 988; v. 59, p. 153, 880, 1142.) harmony with this committee. V. 59,p. 71. Oregon Railway & Navfo-atton.-(..see Map Union Pacifl,c.)BONDs.-Of consolidated mortgage due 1919, trustee is American Loan:., ROAD.-East Portland, Ore., to ifuntin~n, Ore.1 ~03 miles; branches & Trust Co. Abstr>1.ct of mortgage V. 51, p. 242. 656 miles; total Jan. 1, 1893, 1,059 miles, of wnich 13 miles narrow The collateral triist bonds of 1889 are secured by deposit of $13,gaug&-269 miles are iron rails. Ocean line to San Francisco, 670 miles. 000,000 of Oregon Ry. & Nav. stock. The Union Pao. guaranteed both ORGANIZATION.-Leased for 99 years from Jan. 1, 1887, to the Oregon principal and interest of the collateral trust bonds. Trustee is .A.meri• Short Line & Utah Northern RR.; renta.16 per cent per an. on stack and can Loan & Trust Co. of Boston. See mortgage abstract, V. 51, p. 243. interest on bonds. This lease (see abstract V. 45, p. 539) was guaranteed EARNINGS, 11 months, l 1894 ...•.. gross, $4,659,505; net, $1,303,906;. by the U. Pao. Oregon Short Line owns majority of stock. V. 59, p. 291 Jan. 1 to Nov. 30, S1893 ..•... gross, 5,476,587; net, 2,166,244.c RECEIVERSHIP, ETC.-In June, 1894, E. McNeill was appointed ANNUAL REPORT.-Report for 1893 showed as follows. The charges separate receiver. V. 58, p. 1110. Of the $750,000 receiver's oertifi· in 1893 do not include any sum due Un. Pao. for carrying the floating oates authorized, $500,000 are a prior lien to 1st mortgage and issued debt, the annual expense for which was about $200,000: tor repairs, etc.; $250,000 are subject to 1st mortgage. V. 59, p. 153. Year ending December 31 1891. 1892. 1893. COUPON PAYMENTS.-.First mortgage interest due Jan. 1, 1895, was 1,422 . 1,425 1,425 paid when due at N. Y. Security & Trust Co. Dec., 1893, consot. mort• Average miles operated.......... Gross earnings ....••..•....•••.... $7,574,456 $7,201,200 $5,8Gl,634 gage coupons were not paid, lmt in March, 1894, Deutsche Bank, Berlin, Netearns.(afterdeductingtaxes). 2,783,914 2,670,122 2,078,54() announced that it would purchase thf\m. Dividends Ore. Ry. & Nav. stock. 848,049 842,400 630 945 BOI-DHOLDERS' COMMITTEES.-Consotidated, bondholders' committee: Other income from invest., etc... 187,603 183,735 66,789' .Alt'red S. lleidelb::ich, 29 William Street, N. Y., Cbairma,n, W. T. Bull, George Coppell, Charles S. Fairchild and A. Marcus, with Howard C. Total net income ....••.....••• $3,819,51:>6 $3,696,2f>7 $2,776,274 Tracy, Secretary, 41 Wall Street, N. Y. Depositary, N. Y. Security & Interest on bonds ......•...••..... $2,849,854 $2,80-1,627 $2,794,726-, Trust Co., 46 Wall St., N. Y. v. 57, p. 980, 1040, 1084. V. 58, p. 942. 217,458 220,497 220,39() 0oll. trust bondhold.erll' committee: J. Crosby Brown, James Jackson Sinking fund....................... Loss onl'sedlin's(O.Ry.&N.syst'm) 1,126,949 1,564,441 1,992,45~ and Robert Fleming; depositary. U.S. Trust Co., N. Y., whose oertitl· 34,411 or.73,526 cr.486-cates were listed on N. Y. Stock Exchange in December, 18 4. V. 59, Miscellaneous...................... p. 71, 1059. Minority Share 1olclers' Committee is composed of Henry Bala.nee ....••..•..•••.••.....••• df. $409,106 df.$819,781df.$2,230,815R. Reed, Chairman, Thomas L. Livermore and Joseph S. Fay, Jr. There is also a Berlin committee; address, Deutsche Bank, Berlin. -(V. 59, p. 28, 71, 117,192,423,880, 1008, 1142.) BONDS.-.First mortgage has a sinking fund ($116,000 in 1892) to Osweo-o & Syracuse.-Owns from Oswego, N. Y., to Syracuse, N. buy bonds at or below 110, or else draw them at par on January 1. Y., 35 miles. Leased in 1868 during length of charter and renewal Collateral trust abstract, V. 51, p. 243. thereof to the Delaware Lackawanna & Western Railroad Company tor FLOATING DEBT on Dec. 31, 1893, was $1,569.468, of which $1,094,- 9 per cent per year on $1,320,400 stock and interest on bondl!l. 717 accounts payable and $469,489 coupons unpaid. Assets, $1,160,· Owensboro Falls of' Rough & Green Rtver.--see July~ 284, including bills a:c.d accounts reoeirable, $1,120,932. 1894, SUPPLEMENT.   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  !dtFdi!:lt;Z~n;·  ----  •••  .RAILROAD STOOKS AND BONDS.  1895.]  JANUARY,  MAP OF  THE PECOS VALLEY SHOWING THE  PECOS VALLEY RAILWAY THE IRRIGATING CANALS AND THE LANDS WATERED BY THEM.  -apacity 2,500,000,000 cu.ft.  ALL CONTROLLED BY THE PECOS CO.  I I  >- I' I  I  _j  0  ~  INDICATES IRRIGATED LANDS 400,000 ACRES.  L .•,----------....1..,.;;..,.~'.J;,.I., f-  ·(  i  i  ,.,;  (  i 0  l  I  I '  D  e- ~f··  y  D  Storage Reservoif.'l Capacity 6 ,ooo,oool;_(!JJ,Q cu. ft. Completed ,;,~~ \ 11 1  M:£ M ILLA N  '"  \,111,};  ,,,,~~,:~  !~ NORTH  '\\: ·~--~ .. 11}-/•  -~ a~\  N  \-_ J  / y  ~  "'"= \alee .Surprise \\-=-  r'\  '-"  ~-,,.~"--  -w german ResertA 6:apacity 1.1 ,000,ooicu.ft.  <.,, i,,'t:.,: ~.r  I  .,  "\,:,~/ .  "·"·~ E)~qvg  '  T  JIL\POFTIN:  PECOS VALLEY RY . AND CONNECTIO:S-S   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  San Bia  rr.·  Gn  -·  X  ;ar  ~"-  ,:cale of Miles.  •  IN VESTORS'  10-1:.  SUPPLEMENT.  [Vor... LX.  Subscribers -will confer a great f'avor by giving Immediate notice of any error discovered In these Tables. Bonds-PrlnolINTEREST OR DIVIDENDS. RAILROADS. Miles Date Size, or Due. Amount Rate per When Where Payable, and by pal,When of Par Stocks-La.st F or explanation of column headings, &c., see notes of on first page of tables. Road. Bonds Value. Outstanding Cent. Payable Whom. Dividend. ---- -$100 p anama--Stock ...................................... $7,000,000 See text. Various N. Y., 29 Broadway. 48 Jan. 3, 1893 48 i867 £200 £800,000 7 g. A.10&O. N. Y. Office & London. Oct. 10, 1897 General M. for £800,000 sterlin~ (See text) ..... c 48 1880 $1,000 $2,055,000 6 g. M.&N. N. Y., 29 Broadway. Sinking fund subsidy bonds.,gol , drawnatlOO.c* Nov. 1, 1910 p aterson & Hud ..Riv.-Stk., 8 p.c. rent. N.Y.L.E.&W. 15 50 630,000 8per an. J. & J. N. Y., 44 Exchang:e Pl. J an. 2, 1895·-·· 298,000 8 per an. J. & J. N. Y., 21 Cortlan t St. Jan. 2, 1895 P<'Oierson & Ramapo-Stock ...................•••.••• ..... -····· p,eoos Valley-lat mort., gold, $8,000,000......•.. c* 5 g. A. & O. N.Y., Mercantile Tr. Co. Apr. 1, 1943: 1,000 987,000 89 i893 p,ennsylvania--Sto ck ................................. 50 129,271,050 See text. M.&N. Philadelphia, Office. Nov. 30, 1894' 6 See text Phila. Office & Londou. July 1, 1910 General mort. bonds, $1,000 and £200 each .. c_&r 568 i867 $ or£ 19,997,820 1,000 1,961,000 6 June 15, 1905 CD~~ Currency registered bonds ..........• r 568 1875 ~.-M.rs Philadelphia, Office. 1,000 2,757,000 1875 6 ~w cil ~ Currency coupon bonds .............• c 568 .&D.rs do do June 15, 1905 6 J. & J. Phila. office and London July 1, 1905, :,lo,•" ijterling bond,......................... o 568 1873-4 £200 22.762,020 1,000 3,498,000 5 g. Q.-M. 568 1879 PhHadelphia, Office. Sept. 1, 1919 ~ !'."' f ~ Gold registered bonds ...... ..• ...•... . r 1,000 1,500,000 5 g. M. & 8. ~ :::lo< Gold coupon bonds .. ...... ............ c 568 1879 do do Sept. 1, 1919' o0 O Q ~ Gold sink. fund, 1 p. c., not drawn .. c* 568 1893 1,000 3,000,000 4 g. M.& N. N. Y., Farm's L. & T. Co. May 1, 1943 1,000 7,788,000 4 Bonds (P. . & B. stock a.s colla.t.) not drawn ... r .... 1881 J. & J. Phila.,Pa.Co.for Ins.&c. July 1, 1921 1,000,000 5,000 5 1881 J. & J. Phila., Co.'s Office. Navy Yard mort. (extended 20 a:ars in 1881) ... r . Jan . 1, 1901 9,900,000 1,000 412g. J. & D. Phlla.,Provid'tL.&T.Co. June 1, 1913· Collateral trust loa1:-{ gold, not awn ....•...•.. c* ..... 1883 1,000 2,728,000 Equip. Tr. ~d bon s (s. f. 5 p.c.) not drawn .... c" . . 1889 ~ g. M. & 8. Phila., Gir'd Life &c. Co. Sept. 1, 1914 200,000 Quar'ly. Phlla. ,Provid'tL. &T.Co. 1895 to 1898Penn. Car st (in series payable l 10 yearly) .... .. ·-· 1884-8 1,000 4,187,000 4 Penn. Eauip. Trust (in series payable llo yearly). '86-91 1,000 i-F. Phila.,Tr. 8. ¥1E.&I. Co. 1896 to 19-0:L 1,000 3,270,000 4 ua.r. Phila.., Gir'd Penn. Rolling Stock Trust (1-10 payab e yearly). ..... 1892 e &c. Co. 1902 5,000 300,000 Del. Ave. Market 1st mortgage................... r .... 1889 Mar. 1, 1909' 4310 M. & S. Phila., 23S So. 4th St. 200,000 1,000 Delaware Ave. Bloodgood property.... .......... r .... 1892 Philadelphia. Sept. 1, 1912 4410 M. & 8, 1,675,000 1,000 4 g. M.&N. N. Y., Farmers' L. & Tr. May 1, 1923 Penn. RR. real estate purchase money gold .M.c* &r .. .. 1893 p,e,,.,,::Xlvania 0omJa7w-stook ...................... .... 50 21.000.000 See text, Pittsburg, Co.'s Office. June 1, 1894 4~.::j_ Phila., Tr. s. D. & I. Co. July 5, 1907 917,000 1,000 Bon s, sec. byP. t. .& C. stock (s.f.dr'nat 100).r .... i877 6 1,000 19,467,000 412g. J. & J. N. Y., Nat'l City Bank. July 1, 19211. Bonds, gold, sec. by pl'ge & guar. (not dr'n) .. c*&r .... 1881 4 Various Various dates. Car trusts .......•.................................. .... ···50 2,423,059 p,ennsylvania d Northwestern-Stock (see text) ..... .62 2,250,000 See text. J. & J. Phila.., Gu.Tr. & 8. D.Co. Jan. 10, 1895, 81,000 1,000 24 i875 6 F. & A. Phila., 105 8. Fourth St. Aug. 1, 1905 Bell's Gap Extension 1st mortga~ ............ c• 148,000 6 A. & O. Phila., Gu.Tr. & S. D,Co. :Apr. 1, 1913: Consol. mort. (for $550,000) s. d not dr'n.c* 24 1883 500 &c. Ja,n. 1, 1927 Clearfield & Jefferson 1st mortgage ...... .. ..... c* 38 1886 500 &c. 1,000,000 6 J. & J. do do 1,000 829,000 1890 5 J. & J. Penn. & N. W. gen. mortgage for $2,500,000•.. c* 62 . do do Jan. 1, 1930  r  --·  --  ---·  •  •  Owensboro & Nashvllle.-See SUPPLEMENT, May, 1894.  j  The consolidated mortgage of 1873 for $100,000,000 secures all th&  Tennessee & A.labama.-RoAD.-Owns from Padu • . consols equ3!llY, though issued at different <;lates; of the amount authorca.h, Ky., to junction with Tennessee Midland a,t Lexington, lzed, sufficient a.mount is reserved to retire the general mortgage of' P aducah Tenn., 119 miles, and operates the Tennessee Midland RR. from 1867. It ~overs. all_ the proper:cy and _franch:lses of the company, a,  Memphis, Tenn., to Perryville, on the Tennessee River, 136 miles: including its mam line from Philadelphia to Pittsburg, and branchesf total 255 miles. Extension of Tenn. Midland to Nashville propoaed. being a. total of 568 mil~s, partly four-tracked, together with rea, estate and equipment. It 1s also a first lien on the company' a leasehold ' . HISTORY.-Completed Sepl!ember, 1~92. President W. L. Huse and interest in other railroad: lines and canals. as well as on shares and: ~ohn Overton, Jr:, were appomted rece1v_ers. of both ro~ds in I kit., 1893. bonds of other companies of an estimated cash value of over $50,000,STOCK authorized, $ 2 0,000 per mile, outs~anding, $2,432,000. 000. These securities produced in 1892 an income of over $2,600,000~ BoNDs.-Car trusts Feb. 20, 1893, $85,609. Nov., 93, interest on Ten~. Sinking fund for consols Jan. 1, 1894, held-Consols canceled, $1,771,,Mid. went unpaid. Jan ., 1~9~, interest on P. T. & A. fl.rats was ra.1d 980; other securities, $3.386,375. when due, but July interest 18 m default. Tbe 4pe1· cent loan of 1881 is secured by pledge of Philadelphia. Wil-EABNINGS.-On Paducah road proper from Jan. 1 to Aug. 31, 1893, mington & Baltimore stock. gross $207,766, against $129,207 in 1892; and on Tennessee Midland, The collateral trust loan of 1883 is secured by the deposit of mortga.geaame period, $148,22S, against $117,046. (V. 56, p. 502; V. 57, p. 765.) bonds of subsidiary lines to the par value of $13,600,000. Panama.-RoAD-Owns from Colon to Panama, 48 miles. The guaranteed securities are bought with 1 per cent of the net income, HISTORY.-Completed Jan. 28, '55. In June, '81, 68,534 shares of the yearly, and $8,847,690 so purcha~ed were held Jan. 1, 1894. atock was sold to parties interested in the De Lesseps Panama Canal Co. GUARANTEED BONDS.-For a, list of the bonds guaranteed see SUPThe contract (see V. 57, p. 145) with the Pacific Mail 88. Co. expired PLEMENT of March, 1894. June 15, 1894. and was not renewed. The Pana.ma Co. has chartered GENERAL FIN.A.NCEs.-Mortgages and ground rents Jan. 1, 1894~ three other steamers. V. 58, p. 1036. As to order or the court relative $3,919,800. In May, 1893, were issued $1,675,000 real estate bonds to business across the Isthmus see V. 59, p. 1008. ($2,000,000 authorized) for pier property in N. Y. Citf and $3,000,000 DIVIDENDS since 1884: In 1885, 10; in 1886 and 1887, nil; in 1888 consol. 4s for other improvements ($6,000,000 authorized). 23; in 1889, 9; in 1890, 5; in 1891, 5; .in '92, 2 p. c.; in '93, Jan. 2 p. c'. LATEST EARNINGS.-Lines east of Pittsburg & Erie: BoNDs.-As to holders' right to extend the general mortgage bonds January 1 to l 1894, gross, $53,550,495; net, $16,791,622, issued in 1892 see SUPPLEMENT of January, 1894. No~. 30 (11 mos.) 5 1893, gross, 61,072,379; net, 17,664,054. Of the general ?nf)rlgage 7s £94,200 were in company's treasury in Lmes west of P. & E. Gross. Net. Nov., '94 and £132,600 in the sinking fund. Jan. 1 to Nov. 30 (11 mos.) .decrease, $5,236,413 decrease, $1,522,84S The subsidy bonds are secured by pledge of $225,000 annual subANNUAL REPORT.-Fiscal year ends Dec. 31. Annual meetin(J' is heldl sidy payable by the U. S. of Colombia. to the company, and are drawn a.t Philadelphia on second Tuesday in March. The report for 1§93 was. and paid off on November 1, yearly, with any surplus of the subsidy not in the CHRONICLE, V. 58, p. 411, 428, 431, giving full particulars. needed for interest, $90,000 bonds being paid Nov. 1, 1893, and $97,- EARNINGS ON ALL LINES BOTH EAST AND WEST OF PITTSBURG AND ERIE 000 in 1894. . • ANNUAL REPORT.-The report for 1893 in CHRONICLE, V. 58, p. 593, Year end~ng Dec. 311891. 1892. 1893. showed gross earnings of $1,047,010, against $1,435,990 in 1892; net, Gross ~armngs ............. $134,254,613 $138,974,520 $135,059,787 $130,249, against $487,636; other income $367,114, against $332,752. Opera,tingexpenses. ... .... 91,819,660 98,352,083 95,491,558In 1893 there was a deficit of $18,570 under interest, sinking fund and other charges, against a surplus of $182,816 in 1892. (V. 55, p. 374, Net earnings........... $42,434,953 $40,622,4~7 $39,568,229' 503, 723. 996, 1111; v. 56, p. 127, 375, 5 7 8, 580, 887; v. 57 p. 145 The inC<?me a~count has been as. follows, the "net ~coi_ne" given in 468; v. 58, p. 593,716, 1036; v. 59, p. 541, 1008.) ' ' the first line bemgthe amount of mcome after deductmg mterest paid. Paterson & Hudson Klver.-Owns from Weehawken, N. J., to .INCO_ME ACCOUNT OF PENNSYLVANIA RAILROAD COMPANY. Paterson, N. J., 13 miles, double track. Leased in perpetuity at $48,400 Yem endmg Dec. 31- , 1891. 1892. 1893. per year to New York Lake Erie & West. forming part of its main line NetincomePenn.RR. Div n $12,257,432 ~10,794,260 $10,296,24S ' · Net lossorgainonN. J. Div. -276,456 -299,199 -194,529 Pate~son & _Kamapo.-Owns from Pa~r .on, N. J., to New York Loss on Pitts. & Erie Div.. 9 135 profit 10 849 profit 14 716 State Lme, 14 miles,double track, part of roam line of N. Y. L. E. & W., ' ' ' to which it was leased Sept. 9, 1852, during legal existence, at $26,500, Balance of income...... $11,971,841 $10,505,910 Pecos Valley.-( See Map. )-Projected from Pecos City, Tex., on the Payments-To trust fund.. 98,622 89,179 Texas ~ Pac. RR., via the valley of the Pecos River, to Albuquerque, New Consol. mortgage redeemed. 324,780 324,780 Mexico, on the Atchison Topeka &Santa Fe, about340 miles; completed Allegh. Val.R~.Co.-Defl.c'y 274,062 in January, 1891, from Pecos City to Eddy, about 90 miles; extension Extra.o din 1 510 758 1 263 137 Eddy to Roswell, 74 miles, completed in October, 1894; total, lfi4 r a.ryexpenses. · · • ' ' • • miles. The mortgage of 1893 (trustee, Mercantile Trust Co. of N. Y.) $2 208 222 $1 677 096 $2 804 820 is for $8,000,000, of which $1,116,000 were used to retire prior bonds. ' ' ' ' ' ' Bonds may be issued at $15,000 per mile. Stock authorized, $5,000,- g~j1cedto credit of income 6 9, 76i,619 8,828,814 7,311,615 000; outstanding, $1,105,000; J]ar $100. EARNINGS.-In year 1892-93 en s...... ...••• ...••••• ( ) 7,49 ,598 (6) 7,606,456 (5) 6,400,50 . gross earnings $122,634: net, $30,035, against $13,526 in 1891-92; To credit of profit and loss. $2,268,021 $1,222,358 $911,107 charges, $7,27~. J . J. Hagerman~ President, Colorado Springs, Col. Bal.in set'm't of claims, &c. +49,019 +904,669 +1,640,673 - -(V. 51, p. 458, V. 58, p. 637,904, V. 59, p. 601.) ____ ____ _ ___ _ Pennsylvanta.-(SeeMap)-LINE OF ROAD-The Pennsylvania sysBa.lance................. $2,317,040 $2,127,027 $2,551,780 · tem embraces about 8,800 miles of railroad, including all east and west Ba.I flt d 1 8 D · 31 $24 334 833 $26 461 8"'0 $29 013 6'1 of Pittsburg. At the close of 1893 the mileage operated east of Pitts- D a,~ / ~d e~ · ' ' ' ' ., $2' 535' 490,. burg & Erie, on which earnings as reported were based, was divided as e uc scrip lVl en · · · • · • • follows: Pennsylvania Division and branches, 1,591; Philadelphia & -(V. 56, p. 43, 393 , 41 'l, 415,502,538, 711, 753, 782; V. 57, p. 3, 61 ~ Erie Divisioni 546; United RailrGads of New Jersey and branches, 521; 721,874,979,980, 1099, 1123; V. 58, p. 411, 428, 431, 781.) total opera.tea, New York to Pittsburg, with branches, 2,658. Pennsylvania Oompany.-Chartered in Pennsylvania, Aprll 7,. ORGANIZATION, LEASES, &c.-The charter of the Pennsylvania. Rail· 1870, anq operates all the Pennsylvania's l~a.sed lines west of Pittsburg. road was dated April 13, 1846. The Peilll£lylvania Oompany controls Its stock 1s owned by the Pennsylvania. .Railroad. O~ Dec. 31, 1893, th& all the lines west of Pittsburg and Erie, the Pennsylvania Railroad , Pennsylvania Company owned sundry b~nds havmg a par value of Company holdin~ all its stock. Con~:ol of Cresson Cleartield co. & $6,053,500, and stocks of par value of $5;>,383,518, these stocks and N. Y. Short Route, Terre Haute & Indianapolis, Toiedo P eoria & w. bonds. re~resenffing on the company's books a yalue of $30,633,179'· and Cleveland & Marietta was obtained in 1893, thus adding 965 miles and yielding ~r?m Jan. 1 to Dec. 31, 18~3, an 10come of $2,075,684•. to the system. Piers 3, 4 and 5 North River were purchased. Of these securities part are pledged as said below. SECURITIES OwNED.-The total cost of the stocks and bonds of other DIVIDEND~--:-In 1883, ~ per cent; then none till 1892, when 4 per companies held in the treasury was to January 1, 1894, $118 686 409 cent was paid m March; m 1898, March, 4 p. c.: in 189 t, .June, 4 p. c. most of which are pledged to secure Pennsylvania issues. 'Revenue BONDS.-Besides the bonds given ji,bove as outstanding $2,237,000 derived from these securities in 1893, $4,955,037. of 6s and $533,000 of 412s are hf"ld i1l the 11itYi.king fund. CAPITAL STOCK.-Stock authorized by la.w $151,700,000; the amount Six per cent bonds are secured by deJ~it of $4,000,00Q of Pittsoutstanding has been increased from time to time chiefly by sale at burg Fort Wayne & Chicago special stock. -fM not offe1·ed under sinking.par to stQckholders, for new acquisitions, etc. (V. 54, p. 447.) In 1893 fund provisions at 105 they are drawn at 100. The gold bonds of 1921 stock was increased $2,496,550, making total Dec. 31, $129,271,050. are securecl by a. deposit in trust of the leases of the Pittsb . Fort Wayne DIVIDENDS.-In 1883, 812; in 1884, 7; in 1885 and in 1886, 5; in 1887, & Chic., the Cleve. & Pittsb. and Erie & Pittsb. railroads, and of bonds 512; in 1888 and 1889, 5 per cent yearly; in 1890, May, 512 ; in 1891, and stocks having a J)ar value April 1, 1881, of $24,171,630, as well . 6; in 1892, 6; in 1893, May, 212 per cent in cash and 2 per cent in as by lien on certain real estate. They are also guaranteed scrip convertible into stock; Nov., 212 p. c. cash; in 1891, May, 212 p. c.; as to principal and interest by the Pennsylvania Railroad ComNov., 212 p. c. pany, and are so endorsed; the trni.tees of the mortgage are W. H. BONDS.-lnterest on general mortgage 6s of 1867 is payable on coupon Barnes, John P. Green and Henry D. Welsh. In 1892 and 1893 the combonds January 1 and July l; on registered bonds, April 1 and October 1. pany guaranteed certain Pittsburg Cincinnati Chicago & St.Louis bonds. -   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  lri  ",.. ~  r,J  z0A ~  A  z ~  r/1  ~ 0  C  ~ r/1  A  ~  0  ~  ~~  --,  10 ~ 00 T"-1  ~ ~  p  z  ~  ~   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  MAP OF THE  PENNSYLVANIA R.R. SYSTEM·.  IOG  J.NVESTORS· SUPPLEMEN'l:.  (VOL. La,.  Subscribers will conCer a great Cavor by giving Immediate notice of" any error discovered In these Tables. RAILROADS.  For explanation of column beadings, &o., see notes on first page of tables.  Pennsylvania Poughkeeps'ie d Bost.-lst M., gold.o* 2d mortgage for $500,000, gold ..••...•..•........ Slate Valley RR. 1st mortgage ...........•........ Peoria d Bureau Val.-Stk., 8 p. o. rent'l C. R.I.&P. Peoria Decatur tit Eva.n s'Ville-Stook ...............•.. 1st mort.(Peoria Div., Pekin to Mattoo~old.o* 1st m. (Evansv.Div., Mattoon to Evans · e,) g.o* Second mortgage. gold .......................... o* Chicago & Obio River Div. 1st mort., $500,000... Income mortgage, $750,000...............•..... Peoria tit Eastern-Stock .......•.. .............•....•. Ind. Bloom. & West. 1st M., pref., int. guar ... o&r Ohio Indiana & West. 1st M. •J:ref., gold, lnt. gu. o .. P. & E. consol. M. $10,000,0 0, interest ~ar .. o* 2d oonsol. mortgage,income, non-cumula ve... o Peoria tit Pekin Unionr-lst mortgage, gold ..••..•. o 2d mortgage, gold .............••.................. o Per/Ciomenr-lstM., ser. I (1st l'n) gold, gu. p. & i.o" lstM., ser. 2 (2dl'n) gold, guar. p. &1. (end.) .. o* Petersburg-Stock ... _........ ........................ Guar. pref. stock, 3 per cent, lien prior to mortg. 1st mort. iayable $25,000, due yearly Jan. l)o&r Mort. bon s, class A,$200,000 reserved for 1st M. ~ortga~e bonds, class~--········· ...•....••.•.••. Phil.<IBa t.Cent.-lstM.$2,500,000,$1,200,0004¼s Phila. & Ohester Val.-lst M., pref. ($480,000) g.c* 1st mortgag~ not pref., $100,000, gold ......... c* Phila. cf Erie- ommon stock ($10,000,000 author.) Preferred stock, 7 per cent, special. ......•....... Bun. & E. 1st M., (ext. in 1877) .......•.....•.. o&r General mort., gold, guar. p. & i. by Pa. RR ..... o Gen. mort., gold,guar. p.&i.($5,263,000 are 5s).r Phila. Germ. tit OhestnutHill-lst M., jnl. by Pa. RR.-r  bt.11t-u...-, PrinoiINTEREST OR DIVIDENDS. Miles Date Size, or Amount Rate per Wben Where Payable, and by pal, Wh~11 Due. of of Par Outstanding Stocks-Last Road. Bonds Value. Whom. Cent. Payable Dividend.  73 73  ·47  --1889  $1,000 $1,500,000 6 g. J. & J. July,'90, coup. last paid 1890 1,000 465,000 do do : g. J. & J. 1886 500 &o. 61,500 J. & J. 1,500,000 8 per an. F. & A. N.Y. ,Ch.R.I. & Pao. RR. .... 100 100 8,400,000 ··a·g. J." .&.. J. July, •94," i:>ec. 31. 1,000 1,287,000 1880 1,000 1,470,000 6 g. M. & S. 'Mar.,'94,pd.Aug.15,'94. 1886 ....... 2,088,000 ~ g. M. & N, !Nov., '9:i, coup. last pd. 250,000 1886 ....... M. & N. Nov., '92, coup. last pd. 1886 618,300 6 ..... ........... ··foo 10,000,000 ··1· J."·&--J. N.Y., J.P. Morgan & Co. 100 &o. 1,000,000 1888 500 &o. 500,000 do do g. Q.-J. 1,000 1890 8,103,000 A. & 0. do do 1,000 April 1 1890 4,000,000 4 N. Y., when earned. 1881 1,000 1,495,000 6 g. Q.-F. N. Y., Central Trust Co. 1,000 1881 1,499,000 412g. M.&N. do do 1888 100 &c. 799,600 5 g. Q.-J. Philad;a.. Co. on L. 1,000 1,125,000 1888 5 g. Q.-J. .... 100 960,800 See text. J. & J. Richmond. 100 323,500 See text. J. & J, <lo 500 &o. 75,000 J. & J. Riohm'd and Petersb'g. 8 1,000 1881 693,000 5 J. & J. do do 1881 1,000 A. & 0. 800,000 do 6 do 1881 2,200,000 419 &5 M.&N. Phila., Penn. RR. Co. 1,000· 1888 500 280,510 5 g. A. & 0. Phil., Read.Term. Bldg. 100,000 1888 500 4 g. A. & 0. do do 50 7,985,000 See text. Phila. Of., 233 8. 4th St. --·· 50 2,400·, eoo 7 per an. Yeariy. do do 1,000 976,000 A. & 0. Phila., Penn. RR. Co. 7 1869 1,000 8,680,000 6 g. J. & J. Phil., Pa. RR. &London. 1869 1.000 10,143,000 4g.&5g. A. & O. Phila., Penn. RR. Co. 1883 1:000 1,000,000 412 IM. & N. Pllila.. Penn. RR. Office.  ios isso 128 244 77 77  202 is10 342 202 202 20 20 38 38 59 59 59 59 59 73  ....  ......  287 287 40 287 287 7  ii"a1a..  i  "a_~  isBo  is51  Jan. 1, 1939 Jan. 1, 1910 July 1, 1916 Aug., 1894 Jan:·1;·i920 Sept. 1, 1920 Nov. 1, 1926 1916 1916 Jan:·1;·i900 Apr. 1, 193S. Apr. 1, 1940 Apr. 1, 19901 Feb. 1, 19211 Feb. 1, 1921! Jan. 1, 1918• Jan. 1, 1918 Jan . 2, 1895-, Jan. 2, 1895Jan., 1896·'98 July 1, 1926 Oct. 1, 1926 Nov. 1, 1911 Apr. 1, 193g. Apr. 1, 1938', Moh. 1. 1894Dec., 1894 Oct. 1, 1897 July 1, 1920• July 1, 1920,. Ma.v 1, 1913  Year. Gross. Net. Interest, etc. Balance. 1893-4 .....•........ $1,609,806 $177,190 $441,620 def.$l64,4301892-3 ............•. 1,740,502 27::!,352 441,620 def. 169,268 1891-2.......... .. . . 1,833,143 523,434 454,519 sur. 68.915 Peoria & Pekin Unton.-Owns from Pekin to Peoria, 10 miles. on ea.oh side of Illinois River; total operated 20 miles; also owns about 50 ::r..tles of sidings. The road is a union road. and the stock ot $1,000.000 waR taken by the different Peoria R& companies, and they pay a rental and also terminal charges. See V. 36. p. 253. In year 1893= gross, $616,717; net, $227,128: paid interest. $157,155; rentals, etc.,. $9,318; balance, surplus, $60,655. V. 59, p. 1104. P.,rklornen.-Owns from Perkiomen Junction, Pa., to Ema.us Junction, Pa .• 39 miles. Stook subscription, $38,040. R,c,0!',gM!izen in 18R7 ► There is due Phil. & Read. RR. on loa.n a.C<!0llll.li npwards 01 $900,000. In year end. June 30, 1894, irross ear:a8. wert> $290,777, against $358,794 in 1892-93; net, $100,258, against $109,217; interest, etc. (net),. $95,681; balance, surplus, $4,577. Petersburg.-Owns Petersburg, Va., to Garysburg, N. C., 59 miles;. rents Garysburg to Weldon (Seaboard & Roanoke), 2 miles; total. 61 miles. Branch, 6 miles, under construction to connect Richmond & · Petersb11:rg a11:d the Peter!'burg roads a1·ound city of Petersburg_ Reorgamzed m 1877 without foreclosure. Preferred stock is guarante•· d 3 per cent yearlv, then common receives 3 per cent, then both stocks share pro rata. Dividend on each stock in 1892, 6 per cent;· in 1893, 6 p. o.; in 1894, Jan., 3 p. c.; July, 2¼ p. c.; in '95, Jan., 3 p. o ► EARNINGS-5 months, 51894, gross, $203,304; net, $94,074. July 1 to Nov. 30. ( 1893, gross, 190,389; net, 74,810. "' .ANNUAL REPORT.-Report for year endinp- June 30, 1894, in v. 59, p. 1056, showed gross earnings, $507,999: net, $152,982; other income, $3,0~8; interest charges, $91,til0: dividends, $70,636; balance deficit,. $6,206, against surplus in 1892-9-s of $38,457. In 1892-93 gross,. $548,030; net, $200,686. \ V. 53, p. 8'19; V. 58, p. l '7''7; V. 59, p.1056. Philadelphia &; Baltltnore Central.-West Philadelphia. to, Ootoraro Jc., Md., 63 miles; Wawa to West Chester, Pa., 9 m. (double, track, 12 m.); branch, 1 m.: leased, Chdswr CL·eek RR., 7 m. Phila. Wilmington & Baltimore Railroad holds practically au the $2,495,650· stock, and road is a part of Pennsylvania system. Fi~cal year endeOct. 31. For L893-94 gross earnings, $953,693; not, $250,407; surpluR ahovfl obarµ;es, $111,049, incl. interest on deposits, etc., of $25,116. In 1892-93 gross, $958,622; net, $166,128. In 1891-92 net, $211,442► Phtladelphla &; Chester Valley R.K.-Road from Bridgeport; to Downillgton, Pa., 22 miles. Chartered in 18R8. Capital Rtook (pa:r$50) is, common, $550,000; preferred, $205,100; total, $755,100, of" whicl.J. Phil. & Read. owns $452,700 common and $205,100 preferred,. the same being deposited under the P. & R. coll. trust deed of 1892. Bonds are guaranteed principal and intere t by Phil. & Reading RR. EARNINGS.-For year 1892-93 gross, $52,70.t; net, $2,270: interest,. $18,025; deficit for year, $15,755. Total deficit Nov. 30, 1893, $82,409. Philadelphia &; Erle.-( See Map Pennsylvania RR.)-ROADOwns Sunbury to Erie, Penn., 287 miles-double track, 78 miles. ORGANIZATION, LEASE, &c.-Formerly Sunbury & Erie. Leased toPennsylvania RR. Co. for 999 years, and actual net receipts paid a.a. rental. Pennsylvania RR. owned Dec. 31, 1893, $3,501,800 common, and $2,400,000 special stock and $4,069,000 general mortgage bon~ and city of Philadelphla (sinking fund) $2,250,000 common stock. DIVIDENDfl.-On co-nmon in 1892, Mar., 2 p. o.; 1894, March, 2 p. o. Bmms.-The general mortgage 1s guaranteed by Pennsylvania. RR. In January, 1894, $l25,000 general mortgage 4s were sold. EARNINGS.-11 mos., t 1894, gross, $3,685,343; net, $990,682. Jan. 1 to Nov. 30. 51893, gross, $4,801,213; net, 1,511,336. ANNUAL REPORT.-Repor'G for 1893 was in CHRONICLE, v. 58, p. 343 Year end Dec. 311890. 1891. 1892. 1893. Gross earnings ..•..•..... $5,113, 787 $5,201,361 $5,256,551 $5,104,879> Expenses ................. 3,389,920 3,347,859 3,740,942 3,549,88325,675 168,532 18,991 27,567. Surplus.......................... $9,955 $7,042 def. $135 Taxes...................... -(V. 58, p. 82, 223, 514, 683,774; V. 59, p. 153, 291, 372, 423, 55:!, Net earnings .......... $1,698,192 $1,684,970 $1,496,618 $1,527,429' 601, 1104, 1142.) Peoria &; Eastern.-( See Map Olev. Oin. Ohic. & St. Louis.)-Owns Total net income .•.•••... $1,716,440 $1,702,985 $1,516,571 $1,546,783 from Pekin, Ill., to Indianapolis, -ind., 202 miles, and has a lien of $5,- Interest o:::i debt .•• . ... ..• $1,034,470 $1,042,470 $1,042,470 $1,042,470000 000 on Springfield Division, Indianapolis to Springfield, Ohio, 141 Interest on special stock. 168,000 168,000 168,000 168,000 miles; trackage, Pekin to Peoria, 9; total operated, 352 miles. Interest on equipm't, &o. 191,614 164,003 132,307 128,827 LEASE, ETC.-Formerly Ohio Indiana & Western, sold in foreclosure in 1890, reorganized per V. 49, p. 616, and leased till Apr. 1, 1940, to Surplus (see dive. above). $322,356 $328,512 $l 73,794 $207,486; Cleveland Cincinnati Ch. & St. L., which guarantees interest, but -(V. 54, p, 365 406; V. 56, p. 28'7', 332; V. 58, p. 343.) not principal, of the first oonsols, and owns one-half the $10,000,000 Philadelphia Germant@wn &; Cheittnut Hlll.-In Phlladel • atook, par $100. See SUPPLEMENT of Jan., 1894, as to provisions res- phia from Germantown Junction. on Connecting Railwa.y to Chestnut, 1 pecting any surplus over charges. Hill, 7 miles. From May 1, 1883, loasorl for 30 yea.rs to ~he Pennsyl• BoNDs.-The oonsolida.~ mortgage of 1890 covers, besides the road .-a.nia. Railroad Co., which guarantees principal and interest on th& owned., the $5,000,000 purohaRe money lien on the Springtteld Division. bonds,1.~and owns $999,750 of the stock. Capital stock $2,000,000, 'Bee abstracts of mortgages of 1890 in V. 51, p. 246, and of 0. Ind. & (par, ii,;J0), having been increased from $1,000,000 in Nov., 1894. In, Western mort11:ag~, V. 47, p. 201. Due lessee July 1, 1894, $585,825. Jan., 1895, issued a. oonsol. mortgage for $2,000,000. Part o! issne t<> LEARNINGS.-4 months, 5 1894, gross, $590,634; net, $147.005. be pa.id P ennsylvania RR. on a.ooount of Cresheim bra.nob. Groa& July 1 io Ont 31. ~ 1893, gross, 638,267; net, 101,360. ~ g s in 1893, $259,03~, against $264 728 in 1892; net, $99.800.., Defl.eit under charges, '201, against deficit $4.IS,84c6 1n 1893. agst. '89,443; inierest, $63,630; rentals, etc., $10,636. (V. 59,p. 880.►  EARNINGS.-The total mileage operated or controlled by tl..Js company Dec. 31, 1893, was 3,600-operated directly by Penmiylvania Co. 1,247 miles. In year 1893 g-ross, $21,681,237; net, $7,930,662; charges, $6,880,185; balance, surplus, $1,050,476; dividends va.id (4 per oentl, $840,000; in 1!-93 profit, $1,050,476. In 1892 grosH, $22,506,656. Income account has shown after payment of all obligatory charges: deficit in 1886 of $200,6'74; in 1887, net profit, $675,516; Ln 1888, loss, $74,891; in 1889, net profit, $727,802; in 1890, net profit, $1,081,958; in 1891 net profit, $1,725,938; in 1892, profit, $1.229,974. In 1893 profit, $1,050,476. 57, p. 638; V. 58, p. 81; V. 60, p. 82.) Pennsylvania & Northwestern.-Owns Bellwood, Pa.., to Horatio, 62 miles; total, Including oranolles, 75 miles. A consolidation Jan. 1, 1890, of the Bells Gap and Clearfield & Jefferson roads. STOCK.-In March, 1893, increase to $2,500,000 was authorized. DIVIDENDS.-In 1890, 5 p. o.; in '91, 5; in '92, 512; in '93, 6 p. o.; in 1894, Jan., 2 p. c.; in July none; in 1895, Jan., 2 p. c. V. 59, p. 1008. BoNDs.-Of the $2,500,000 general mortgage bonds authorized by the mortgage, sufficient are held to retire tbe prior issues. when due. In 1894 $184,000 gene,.als were issued. Five per cent oar trusts due 1895 to 1903, $584,000, due $86,000 yearly on March 1. EARNINGS,-In year 1893 gross $612,535 against $856,282 in 1892; net, $171,380 against $250,196; interest, $115,880; dividends, $130,000; balance, deticit for year, $74,500. Total surplu11 Jan. 1, lb94, $68,827. E. J. Berwind, Pres't, Philadelphla.-(V. 59, p. 1008.) .Pen nsylvania Poughkeepsie &; Boston.-See SUPPLEMENT of Sept, 1894. Bou~ht for reorgan 1zation committee at !oreclosure sale December 14, 1894. V. 59, p. 697, 739, 1104. Peoria Decatur&; EvansvUle.-Owns from Pekin to Evansville, 227 miles; branch, 6 mileR; Chicago & Ohio River Division, Sidell to West Liberty, 78 miles; total owned, 311 miles; joint track to Hervt1y City, 8 miles; leases, Pekin, Ill., to Peoria, ill., 10 miles; through Decatur, 3 miles; total, 332 miles, IIISTORY.-Company owns $250,000 Peoria. & Pekin Union stock. Consolidation with Chio. & Ohio River was effected in August, 1893. RECEIVERSH1P, ETc.-On January 10, 1894, placed in receivers' hands. The receivers are E. P. Huston and E. O. Hopkins. COUPON p A YMENTS.-See table for the date of last coupon paid. BONDHOLDERS' COMl\UTTl<":ES.-First and second mortgage bondholders committee is as follows: Charles S. Fairchild, James Stillman. Edward N. Gibbs, James H. Washburn and E. Randolph Robinson. Addre "'• N. Y. Sec. &Tr. Co.,46 Wall St ,N.Y. V. 58,p. 223. See also V.59, p. 423. First mortgage bondholders' committee (both di visions) consists of Walston H. Brown, Chairman; 20 Nassau St.; Wm. Angustus White, 130 Water St.; E. H. Ladd, Jr., 31 Pine St.; Morton S. Pl),ton, 1 Broadway; Qbarles .A. Peabody, Jr., 2 Wall St. Depo~itary, Atlantic Trust Co., N. Y. V. 58, p. 514. Second mortgage committee, J. Van Schaick, chairman, Frank Russak, w. H. Goadby, R. S. Anderson, T. W. Evans and J. L. Lamson. STOCKHOLDERS' COMMITTEE.-R. s. Andnson, F. M. Weeks, E. v. Loew, E. Chamberlain and W. F. Owens. V. 58, p. 774. FLOATL'iG DEBT.-On Jan. 13, 1894, there was due the Evansville & Terre Haute on loan account $150,000, and bills payahle were $658,802. Excess of liabilities over as ets in Jan., 1894, $218,682. In Sept., 1893, outstanding notes for $475,000 endorsed by Evans. & T. H. BoNDS.-A general mortgage for $10,000,000 was executed in 1892, but no bonds certitled. Car trusts in January, 1894, $53,252. EA.RNINGS.-11 months, t 1894, gross, $780,652; net, $208,676. January 1 to Nov. 30. 5 1893, gross, 823,876; net, 358,678. RECEJVl,;RS' REPORT.-From July 1, 1893, to Jan. 13, 1894 (about 612 montns) and for full years 189J and 1893, results were as follows: 1894. 1893. 1892. Gross .......•.... .. _.............. $489,244 $850,800 $827,816 Net ................................ 229,908 377,054 367,278 Charges ... .............. .......... 219,953 3 70,012 367,413   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  ,v.  ----  ----  J'ANUARY, 1895.J  R.A.ILROAD STOCKS AND BO.iDS..  107  Subscribers "W'ill comer a great Cavor by giving llnmedtate notice oC any error discovered In these Tables. Bonds-PrinmINTEREST OR DIVIDENDS. RAILROADS. pal, When Due .. Miles Date Size, or Amount Rate per When Where Payable, and by Stocks-Last Par of R'or explanation of colwnn headings, &c., see notes of Dividend. Whom. on tirst page of tables. Road. Bondi:! Value. Outstanding Cent. Payable Phila. Ge1·mant'n cl: Ohest1.ut Hilt-(OonctudedJCon:ioliuated mortgage, $2,000,000 ........ .... .. PhiLa. 6erm. di.Norrist'•1 1,-Stock rental., P. & R. RR. Phila. Harrisburg ct Pittsbttrg-lst mort., ~old.c*&r Phit. Newtown ctN. Y.-lstM., gold, gu. p.&1. (end.)c""  Phitadetph.iu ct lteading-8tock ................ ......  Receivers' certi:tlcates ...... ..... .................. 1st M., ext. in 1860, Phila. to Pottsville,$ & £ .. c Mortgage loans of 1844, 1848 and 1849 ...•...... c Mortgage loan of 1857 convertible............... c Mortgage loan of 1868, gold, extended in 1893 .. c Cons~l. mort,f iage ($8,1~2,000 are gold 6s) ...... ·°. Impr t M., god, s. f., drnwn at 100, V. 48, p.260.c General mort\age of 1874 (see text) •............. Consol. M.of l 82, gold, stamped, pay. atnotice.o• General morti,rage ($100,000,000), iold ...... c*&r 1st pref. inc. M., not cum. ($24,400, 00) gold... o* 2d pref. inc. M,, not cum. ($22,500,000) gold ... o* 3d pref. inc. M., not cum., gold .................. c* 3d pref. inc. M., lfld, non-cum., convertible ...... Tenninal M., sol , gu. by P. & R. Term. RR.. o*&r Ten-year ainking fund gold loan, red. at 100 ... c* Delaware River Terminal Pur. Money M., gold .c* Delaware River Term. Ext. Pur. Mon. M., gold.c* Collateral trust bonds ($10,000,000) gold . ... c#&r Deferred incomes (after stock). See V. 54, p. 2a 9. Car trust, Series C, $30,000 due Q.-M .......... o* Car trust, Series D, $310,000 due Nov 1., gold .. c* Equipment notes ................................... Mort!la~s on real estate ........................... P. & • al & I. purchase money & real estate M. Do guar. ext'd in 1892-~4, gold .. do Coal trust, 5-10 year certiflc's, gold. See text.  ---  .....  29 44 22  Xii  1895  isoo 1892 ....  ·----·  (1)  ....  A\i~5  $50 $2,246,900 12 1,000 5· g. 500,000 1,000 5 g. A. & 0. 1,600,000 50 40,141,361 ..6. J. ··;.:· J. 3,640,400 $.&.£ 1,512,700 J. & J. 6 J. & 1,000 954,000 6 & J. 500 &c. 79,000 419 1,000 2,700,000 5 g. A. & 0. 200 &c. 18,811,000 6 g. &7 J. & D. & 0. $or£ 6 g. P,364,000  so:  Philadelphia, Office. 1893 Philadelphia & London. 94 1843 34 1844-9 Philadt ead. TeJ Bldg. 0 1857 do do i¥s 1868 do 254 1871 do do do 325 1873 325 1874 .... ··---327 1882 500&c. 5;7(37,042 5 g. M: & N. Phila., Read. Ter. Bldg. See text. 327 1888 l,OOO&c 44,663,000 J. & J. 327 1888 Feb. 1 Feb., '93, coup. last pd. 1,000 23,949,951 do do 327 1888 1,000 16,176,589 5 pct. Feb. I do do 327 1888 1,000 18,464,000 when Feb.1 ::,27 1888 do do 4,7t 9,000 1,000 earned Feb. 1 5 g. Q.-F. Philad Prov. ~~ & Tr. .... 1891 1,000 8,139,000 0 A. & F. 1,000 g. 5 1892 1,938,000 ·-·· 1892 1,000 700,000 5 g. M.&N. Phila., Guar. Trust. ··-· le92 1,000 1,222,000 Philadelphia. 5 g. J. & J. .... See text. 1,000 1892 ~ g. J, & J. ·-·-······ .... 1882 50 &c. 25,568,090 Q:.:.:M . Phila., Fidelit:LifTr. Co. .... 1887 1,000 } 2,472,000 g. Q.-F. Phila., Prov't e & Tr. .... 1890 1,000 4,836,862 ..... .... ···-······ 1,593,:197 .... .... •7z.is4 5oo·&c. } 12484,606 15:·6&7 Vario.us Philad Read. Ter. Bldg. do o 6 g. Semi-an 500 &c. .... Philadelphia. 5,000,000 6 g. Q-J. ..... l.000  f  r!t  ....  ---·  iso4  ·-·---  Ig ---·  A.  0  0  nee:;  ·1s941 3d St. Phila.: 'i32 Phila., Comp'y's office. Oct. 15> 192 Phil., Phil. & Read. RR. Oct. 1> 1942: ---.. --·  Juiy·i·,--i910 July 1, 1910 July, 1910 Oct. 1, 1933' June 1, 1911 Oct. 1> 189'7 May·1; .i922 Jan. 1, 1958 Jan. 1, 1958 Jan, 1, 1958 Jan. 1, 1958 Jan. l> 1958 May 1, 1941 Feb. 1, 1902 May 20, 1942 July 1, 1942 Jan. 1, 1012 Irredeemable. 120,000 y'rly 310,000y'rly 1895-1899  Tc>i9o4  1897 to 1899 Apr. 1, 1904  j  Pbllade]J_)bla GerJnantown & N orrlstown.-Philadelphia., mort. of 1888. The consol. 5~ of 1882 are payable at par at anv titl'.tll· Pa. , to Norristown and Germantown, Pa., 20 miles; Plymouth RR., 9 They are joint bonds of the Railroad and Coal & I. companies and covec-  miles; Cllestnut Hill RR., 4 miles; total, 34 miles. Leased November the main liue and branclles. the leases of the North Penn. RR, etc. Abstract of genet·al mortgage or 1888 was in V. 46, p. 679. and of in10, 1870, to Philadelphia & Reading Railroad for 999 years at a rental of $269,623 and $8,000 yearly for organization expenses. Dividends come mortgage V. 47, p. 141. See !)J.so 8UP.PLEl1ENT ot Mai;Qb, 19~ are 3 i,t,r cent quarterly (12 per_a.nnuw), but in Marc~ and September, for other parti<-ulars as to the general mortgage. ln February, 188~, the tirst and second prerernnce bonds ree-ei'\ledlfu.ll, 1893, only 2-½! p. c. each was pa1tl on account of certam lo ses. PhHadeJpbia Darrbburg & Plttsburg.-Owns from Harris- ln~rest, and tile thi.rd 212 p_er cent. In 18~0 ~uly 3s of 1 per cent w<a&burg, Pa,, to Shippensburg,on the Western Maryland Railroad, 41 mile ... ; paid on the tirst income ; m Feb., 189_1 , nil; m Feb., 1892, 5 ~er cent' sidings and laterals 14 miles. Opened in April, 1891, and leased for 999 on firsts and 418 per _cen t on seconds; m February, 1893, full mterest.1 , years at 5 p. c. on stock to the Philadelphia & Readmg, which by en- on all thre~ classe ; m 1894 none. The terminal mortgage bond.~ for the construction of the rermina.11 dorsement on each, guarantees the bonds, principal and interest The rental covers iut... rest on llonds, taxes and expenses. Stock. $2,000,- RR. are the Reading's own b~nds, and are secured by a mortgage upon1 000 (par, ~5c' ), of which $1,982,300 owned by the Phil. & Read was all the property of the Ternunal Co. and by a traffic contract between, deposited 1llldf'.r coll. trust deed of 1892. Mortgage is for $2 000 000 Reading and the Terminal Co. rhe trustee is the Provident Life &.. · Trust Co. of Phil?,. _Amount authorized, $8,5~,000. See V. 53, p. 391. ' ' -(V. 51. p. 383,459; v. 52, p. 124, 643.) The ten-yea1· sinking fund lo~n due_ 1902 1s secured by $2,1~6,000 Pblladelphla & Keadtng.-LINE OF Ro.A.D-{)wns main line Philadelphia to Mount Carbon, Pa., 98 miles; branches owned' coal land mortgage bonds deposited_with the Penn. Co. fo~ Insurance-,. 22~ miles; ("'econd track, 168 miles; total tracks owned, includin.; &c., the trus~e. ~e bonds are subJect to call at par and mterest. Th~ collute1 al t? ust bonds of I892 _(tru ➔tee, Penn. Co. for Insu~ance sidings, etc., 9:.:!6 ruiles); leased lines, 55 4 miles; roads controlled, 28 § on Lives, etc.) are secured by depo i~ o! stock and bonds, haVIDg a, miles· total operated November 1893 1 170 miles par value of $15,584,500. 1See description, V. 59, p. 794.) · • ' ' . ' The coal trust CP,rtijlcates were authorized March 5. 1894. for $5,000 HISTORY, LE_ASES, &C.-'-The Philadelphia. & Readin~ Company was chartered April 4, 1833. Itl~ases _anumber of roads m Pennsylvania; 900. secured by lien ou coal, which it is provided shall always excee'd also, the Noryh Pennsylyarua R!l'ilroad and Dela.ware & Bound Brook, m market value by at least 25 per cent or the outstanding certiticates• They ar0 subject to call at any tlrue at 105, and on April 1, 1899-r .forming the line :fyom Phila!i-elp:Wa to New York. Receivers were m possess10n from May, 1880, to February, 1883, and euti.re issue may be paid at par. Of total issue $i,500,000 were taken from .Tune, 1884, to Janu_ary, 1888. ~ February, 1886, reorganized by a yndicate for money advanced to p11,y the Speyer loan. F without foreclosure. Voting trust expll'ed Aug. l, 1892. The Centnil ot New Jersey and the Lehigh Valley systems were . 1:-~A_TING DEBT,-:-The annual report for 1893 sta~s the gross c--..sh leased early in 1892, but in Augu:;t, 1 92, the lease of the Central and liabillties of the Railroad Company on Nov. 30, 1893, as_$t9,_9 ~7.4-i7;. cash :iss?ts, $-1,182,117. Coal & Iron Co. gross ca~~ ~iab1llt10 8 , $7, ' in August, 1893, that of the .Lehigh Valley, was terminated. The Market street station in Phlladelphia was opened in March 1893 232,_642, cash assets, $5,7»7,74L Es:cess Cl!-•h liab lit1_es both com · pames Nov. 30, 1893, $3,220,23 t; liP"rease m excess smce July 31> • RECEIVERSBIP.-01?- Feb. 20, 1593, receivers were again_ appointed, $4,414,563. ThP Speye:r loan was pa d M u·cll 5, 189-l, thereby releasing the :floatiug debt havm~ become 1lllmanageable. The receivers are J. $1,000,000 third pref. incomes and -1 5, 71:10,000 collateral trust bonds.Lowber We_lsll, Judge E. M. Pa~son and Jose_ph S. Ha.nis, President See V. 59, p. 372. In September, 1894, floating debt was $3,843,000. GENRRAL FINANCES.-The Speyer loan \vas paid in March, l8~• 4 . In Qf the Readrng. Mr. McLe~dres1g:ned the presidency on May 1, 1893. R~ORGANI_ZATION Comnuttee cotnposed of F. P. Olcott, Chairman; June, 1894, the courts autllorized th :, payment by Phila. & Reading ot .Adrian lseUu, Jr., J. Kennedy Tod, Henry Budge and '.rllomas Denny, interest as same shall become due on one-half (said half however .all of _New York, George ~- Earle! Jr., S. F. 'l'yler, Samuel R. Shipley not to e~ceed $3,000,000) or the sub-way bond to be issued by the city and R10har.d Y. Cook, o~ Philadelphia. (i-ee V. !59, p. 515), _o ~ October 29, of Philadelpl.lia fo~· the purpose of ab ,,li 11:ing grade crossillgs, a11.d the "1894, secuied t~e rnnct~ou of_ tile Cour~ to issue secur1t1e and make pa_r ruent of tile prmcipal of one-halt' of said l>ouds at mat ,rity. Receivers' certificate for $3,640,400 for the Raih'oad Comvany and payments vr~~ided form their reor,!!amzat10n plan-see V. 59, p. 739, 781. A s~meut number or iucorne _bO:J?-dholders and stockholders $~97,526 for the Coa l & Iron Co. have been authorized to pronot accep~rng the Olcott-Earle reorgar1Jzat10n plan by December, l894, vide for part of the floating debt. . ANNu the committee notitied the trustt'e of tile general mortgage to brin"' suit AL REPORT,-:-Fiscal year ends Nov. 30. .Annual 1;0eeting ia tor foreclosure. Tlle committee will subrnit another plan prior to"'foreclosure. v. 60,p. 43. In January, 189f>,general mortgage bonds for beldsecondMondaymJanu3:ry. _Therepo~tforl893-94_wasm C_II.Ko:tU$34,000.000 and about $16,000,000 incomes and 41 a, 077 shares of CLE, V. 60, p. 12_7 . See ~11tor1al p. 106. l1!cluded m opera.tmg ~xstock had been dt'pObited. v. 59, p. 836. Tlle plall of this committee penses are expe~ditures fo1 1mp:i-ove~ents,.eq1;11pm1-nts, 01 c., f!-mouut1ng to $1,557,238 m 1893-04, ag,, rnst $2,166,361. rn l~V2-93 ; rn 1891·9~ was given in full in v. 59, p. 791. A protective committee of the junior securities organized January the$ l,694,26 6 so expended was cbarged to capital account. The, eport; that about $1 1 000,000 per annum will have to be provided for states vman' Sel1 N. Isaac Chairman; Gallaway, M, R. or consists 1895, David G. Lt-ggct of Whitehouse & co., Simon Worm er and Eutanuei these purpos~ . The mterest upon the &'eneral m_ortgag-e loan for the,. te $1,78~,607, has b~en mcluded m tlle fixed charges. an?-ount1_ng Y,ear, er,,• Farm the with deposited be to shares and bonds Lehman. Income Loan & 'l'rust Company. It is proposed to designate d epositaries in Comparwg t_b1s amou¥t with the defl~1t over all fixed charges for the, two compames, $1,93:3,9q1, the earnrngs have fallen sllort by $148>London and 1-'.l.l.iladelpbia. (V. 60, p, l3!.) R. B. Hartsllorue, 42 N.ew St., N. Y.., is chairman of the R !ce-Harts- 399 of a~ amount sufficient to pay the charges ahead of the generu home committee; otller members are Henry T. Carey and Jacob mortgage rnterest. Years ending Nov. 30Scholle. V. 59, p. 1008, 1059. 1894. 1893. 1892. $4,349,133 $4,267,021. COUPON P~nrn TS-0:!" t~e guaran_teed interest, that due Aug, 1, Passenger traffic.········ $4,137,961 9,752,297 1893, on Phila. Read. & N. K and Phila. & Frankford bonas was not Coal traffic ..............•. 11,295,850 ~ 18,272,167 M~rchandise traffic ...... . paid. See V. 57, p. 60; V. 58, p. 43. 5,992,373 6,722,0515 363,263 General mor1gage coupons due Jan., 1895, on bonds deposited by Miscellaneous.. .....•..... 376,621 370,80998,881 Deo., 31, 1894. under the Olcott-Earle plan were purchased Jan. 2, United S~ates mail ....... . 85,191 76,25() 1895, by tue Olcott -Earle committee, as also havt, been tlle coupoi,s or lnoome from stk : & bds., 1,132,503 from steam colliers, &c. July, 1893, and January and July, 1894. The plans provide for pur1,327,049 1,337,817 chase of general mortgage coupons if necessary until and including Total earnings RR. Co .. $21,477,278 $24,15.'i,895 January li 1898, and COUlJOns of all bonds deposited prior to January $2.4,324,065 *16,582,195 ~.. 1895, will be so purchased. On all other general mortgage bonds Operating expenses...... 14,417,539 13,656,828 ----me coupons of July, 1893, and since, remain unpaid. (V. 5~, p.1105.) $10,667,237 *$7,573,700 Net earninp:s RR. Co. $7,059,739 COA~ PROPERTIES.-T_he Company owns all the stock ($8,000,000) of 1,273,148 1,104,195 268,553 the PbiladelpWa & Reading Coal & Iron Co. The estates of the coal Net ea.rnings C. & I. Co... $ company aggregate upwards of 194,000 acres, classified as follows: $11,9-10,385 8,677,895 Total net both Co's... $7,328,292 Coal lands owned (acres) .... 95,144 j Timber lands owned (acres) 70 ,489 2,840,008 2,907,028 2,888,366 Coal lands leased (acres) .... 7,429 Iron ore lands (acres) .....• 21,000 Rentals RR. Co........... 4,669,992 5,273,364 5,078,778 CAPITAL BTOCK.-The dividends paid on Ph.Hadelpltia, & Reading lnterest RR. Co........... 1>060,828 1,299,845 stock from 1870 to 1875, inclusive, were 10 per cent each year· in 1876 lnterest Coal & Iron Co.. 1,294,155 187,980 2¼ per cent was paid and nothing since. In Nov., 1893, th'ere were Sinking fund Coal & I. Co. $4,739,000 third preference bonds, convtrtiblt, into common stock. $8,759,8'981 $9,480,237 Total deductions...... $9,261,299 GUARANTIES.-See SUPPLEMENT of January, 1893. The terms of tile def.$802,342 sur.$3,181,487 income mortgages of ~888 are understood to forbid the payment of Balance, both companiesdf.$1,933,007 * Includes $1,694,286 spent for improvements and equipment. interest on any bonds smce guaranteed unless such interest iR earned by the proper~ covered by the guaranteed loan. See page VII. of ad-(V. 57.! p. 22, 61, 105, 218, 255, 341, 376, 423, 469, 511, 557, 639, 684 • vertiseme1Jts m CHRONICLE of June 10, 1893 , 723, 76:>, 809,854,894,936,980, 1040, 1084; V. 51i, p. 43-. 58, 69, 19., B ONDS,-TM mortgage loan 7s of 1868 due Oct. 1, 1393, were :J)Ur- 127, 179,223,306,345,384,431,513,550,683,698, '714, 716, 1~6. i33, 774,816,942, 1035, 1110; V. 59, p. 153,234,372,423,476, 515., ohasw and extended as gold bonds for 40 yea.rs at 5 pt,r cent The general mortgage 7s_ and 6s of 1874 for $24,686,000 and 552,697,739,757, 78L, 791,836,969, 1008, 1059, 1104,. 1142; V. 00> 4>tller prior bonds al'4" ~ld a.live as collateral security for the general p. 43, 83, 106, 12'7.),J   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  IOS  INVESTORS' SUPPLEMENT.  [Vor... LX.  Subscribers ·will con'fer a great f'avor by giving hnllledlate notice of' any error discovered In these Tables.  1,.r.  I  · RAILROADS. INTEJ:<.EST OR DIVIDEND;:;. BonWhds-PrDinol D te Si J.T.LJ1es a ze,or Amount 1- - - - - - - - - - - - - - - - - p a , 1 en ue For explanation of column headings, &c., see notes of of Par Outstanding Rate per When JWhere Payable, and by .swck11-Las1i nn first page of tables. Road. Bonds Value. Cent. Payable Whom. Dividend.  ~j  PAila. Read. fl New Eng.-Pref. stock, 5 per cent . . 1st M., gold (See text.) guar. p. & i. (end) ....... c* Do (4 p.c. till Sept.'95; then 5 p.c.) guar.p. & i.c* Do 5 percents (See text) gold, guar. p. & i...... Inc. M, non-cu., Ser.A,$1750,000;B,$2100,000.c" Dutchess Co. RR.1st M., gold,guar. P.R. &N. E.c* Phila. & Trenton-Stock 10 p. c. rental, Penn RR..  ......... .  . ... ~ - ... ... $:!,00u,000 .... 58 1892 $1,000 3,750,000 4 g. F. & A. Feb., '93, coup. last pd. 58 1892 1,000 2,500,000 4·5g. M. & N. iNov., '92, coup. last pd. 58 1892 ...... As collateral 5 g. M. & N.INov., '92, coup. last pd. 58 1892 1,000 3,850,000 5 g. Oct. 1 None paid. 12 1890 1,000 350,000 6 g. J. & D. N. Y. Chase Nat. Bsnk. 27 .... 100 See text. l0peran. Q.-J. Phila.,Company'sOffice "Philadelphia Wilmington &Baltimore-Stock....... •••. 50 11,819,350 See text. J. & J. Phila., 233 8. Fourth St. Plain bonds, s. fund$16,000 yearly,notdrawn .. r •••. iS75 1,000 800,000 6 A. & O. Phil.Of.;Bost.,Kid.Peab Plain bonds, s. fund $20,000 yearly, not drawn .. r . . •. 1880 1,000 1,000,000 5 J. & D. do do Plain bonds ............................•..•........ r • . . . 1887 1,000 1,000,000 4 A. & 0. do do Plain bonds ...............•...•....••............•. r . . • . 1887 1,000 1,000,000 4 M. & N. Phila., 233 8. Fourth St. Plain bonds, gold ....••..•......••.......•......••. r . .•. 1891 1,000 930,000 4 g. J. & J. do do Plain bonds, gold .......................•.....•••.. r . . . . 1892 1,000 1,000,000 4 g. A. & 0. do do P~ mont fl Oumberland-Stock........... •••••..... . . . . . . . 50 650,000 See text. See text 1st mortgage, gold ............................... c* 29 1886 1,000 650,000 5 g. F. & A. New York & Baltimore. Pine Greek-1st M., guar. prin. and interest (end.)r 75 1885 1,000 3,500,000 6 J. & D. N. Y. Gd. Cent. Station. 2d mortgage ...................................... . r 75 1887 1,000 18,000 6 J. & D. do do Pittsburg Akron & West'n-Receiver's certificates.. . . . . 241,000 ......... . 1st mortgage, $3,630,000, gold •.•••••••••••••••. c* 165 iS90 3,630,000 ..5. g. A:.&. ·o. . ........ . Pittsburg Chartiers & Youghioghenv-lstmortgage. 16 1882 500 &c. 320,000 6 F. & A. Pittsburg Office. Gen. M. $1,000,000, gold, gu. p.&1. (end.) See text. 16 1892 1,000 380.000 4 g. A. & O. do do Pittsburg Cincinnati Chicago & St. Louis-Pref. st'k 1,083 100 22,601,291 See text Semi•an N.Y.,Farmers' L'n & Tr. 116,000 7 A. & 0. N. Y., Union Trust Co. Chic. & Gt. East. 1st M. (Chic. to Logansport) .. c* 117 1863·5 1,000 Col. &Ind. Cent. lstM. (Colum. to Ind. & br.).c* 187 1864 1,000 2,631,000 7 J. & J. do do 1,000 780,000 7 M. & N. do do { Col. & Indianapolis Central 2d mortgage ..... c* 208 1864 Union & Logansp'tlstM.(U'nCitytoLogans.)c* 93 1865 1,000 715,000 7 A. & O. do do Clltc. St. L. & Pitts. cons. M. ($22,000,000) gold.c* 580 1883 1,000 1,506,000 5 g. A. & O. do do Cbl(}innati Richmond & Chicago 1st mortgage.. . 36 1866 1.000 552,000 7 J. & J. do do Jett'nville,Mad.&In.lstM.(s.f.dru.wnatll0).o 222 1866 1,000 2,377,000 7 A. & O.N.Y.,Farm.L.&Tr.Co. 2d mort., Jeffersonv., Ky., to India.nap. & br'h.c 222 1870 1,000 1,995,000 7 J. & J. do do SSteub. & Ind., 1st mortgage, extended in 1884.r 116 1864 1,000 3,000,000 5 J. & J. N. Y., Nat'l City Bank. l Pitts. C. & St. L., 1st consol. mortgap;e ....... c&r 216 1868 1,000 6,863,000 7 F. & A. Phila., Penn. RR. Office.  i:ooo  I  Phlladelphla Reading & New EngJand.-RoAD-This company owns from Campbell Hall, crossing the ];Iudson River at Poughkeepsie by its own bridge, to Silvernails, 58 miles; and leases and controls Hartford & Conn. Western, Hartford to Rhinecliff, 109 miles; total. 167 lniles; also leases and controls Dutchess Co. RR., 1rom Poughkeepsie to Hopewell June., 12 miles; trackage, 1 mile. RECEIVERSHIP, &c.-A consolidation in July,'92, [by plan in v. 54, p. 597) of Central New England & Western and Poughkeepsie Bridge companies. Road was controlled and operated by Phila. & Readin~, but the guaranteed interest due May 1 and August 1, 1893, was not paid, and on Auirust 22 J. K. 0. Sherwood was appointed receiver. Bondholders' committe<1 consists o:I' G. A. Fletcher, H. L. Davis, C. Tower, Jr., J.M. Shoemaker, J. W. Hamer, Alfred N. Chandler, Philadelphia; Arthur Brock, Lebanon; H. 0. Seixas. New York. On January 16, 1895, at a meeting of bondholders the following committee was appointed, with power to consult with a1Jy other committee of bondholders and instructions to call a meeting of all the bondholders within two weeks: John Sailer, W. B. Scott, R. J. C. Walker and H. W. Bartol.-V. 60, p. 131. STOCK-Common is $4,600,000, of which about $4,000,000 owned by Phila. & Reading. BONDS.-Both the mortgages (Guarn,nty Trust & Safe Deposit Co., trustee) cover $1,390,000 Hartfo:td & Conn. Western stock, etc. In January, 1894, there were outstanding $350,000 of notes pledged for interest payments, and secured by $725,000 first mortgage bonds as collateral. EARNINGS.-For year endin.~ June 30, 1893, gross, $1,023,218; net, $34,356; fixed charges, $365,735; loss, $331,380. In 1891-92 gross, $666,358; net, $66,675. (V. 56, p. 207, 375, 754, 932; V. 57, p. 218, 342,684,765, 852; v. 58, p. 128,179,345; v. 59, p. 192, v. 60, p. 131.) Phlladelphla & Trenton.-Philadelphia (Kensington), Pa., to Morrisville, Pa., 23 miles, double tracked, and branch 3 miles. On Dec. 1, 1871, leased with the United Cos. of N. J. for 999 years to the Penn. RR. at 10 p. c. on $494,100 stock, the total issue being $1,259,100. Philadelphia Wlbnlno-ton & Baltlinore.-(See Map Penn . .RR.J-Operates from Philadei'phia to Washington, D. C., and from Wil· mington, Del., to Delmar, Del., with branches as follows: Lines ownedMiles. Delaware RR. ,r ................. 117 Philadelphia to Baltimore ..... 94 Delaware Md. & Va. f ... ....... 98 (all double track.) Baltimore & Potomac 1........ 97 Branches to Delaware City, etc. 23 t- ther lines ...................... 145  Lines controlled, leased, etc.-  -  Philadelphia & Balt. Central,r. 80 Total msee this company) . .. 654 ORGANIZATION.-Penn. RR. owns $10,890,950 stock (mostly pur• chased in 1881), and controls the operation. Ten lniles, Fernwood to Newton Square, Pa., completed in August, 1894. DIVIDENDS.-From 1868 to 1887, inclusive, 8 per cent yearly; in 1888 and 1889, 7; in 1890, 6; in 1891, 6; in '92, 7; in '93, 712 p. c.; in 1894, 7 p. c.; in 1895, Jan., 312 p. c. less U. 8. income tax. BoNDs.-All to be secured by any future mortgage. ANNUAL REPORT.-Year ends Oct. 31. Advance statement for 1893-94 showed ,aoss earnings $8,695,959; net, $2,346,627; other income, $420,938; surplus over charges, $1,117,729; dividends, 612 p. c.) $768,258. In 1892-93 gross $9,868,000; net, $2,653,409; surplus over charges, $1,330,640.-(V. 58, p. 177; V. 60, p. 131.) Pledinont & Cuinberland.-Road extends from Piedmont West Va., to Cumberland, Md., 29 miles. In February, 1894, the road was leased to the West Virginia Cent. & Pittsb. RR. iill Aug. 1, 1911, for 37 per cent of gross earns. It is said the P. & C. and West Va. Cen. & P. will endorse $3,600,000 Balt. & Cumb. Ry. bonds. Penn. RR. Co. on Dec. 31, 1893, owned $200,000 of tbe $650,000 stock-par $50. First div., 5 p. c., paid in Mar., 1894; in 1895 6 p. c. For year 1892-93 gross $218,177; net, $79,64.8; interest, $32,900. Pine Creek.-Owns from Stokesdale Junction to Newberry June· tlon, Pa., on the Fall Brook Road, 75 miles. ORGANIZATION.-N. Y. Central controls .the capital stock and the road is leased to the Fall Brook Railway Co., forming a connecti~n between the Central and the Philadelphia & Reading. The 1st mortgage is guaranteed by the Central, tbe Reading and the Corning Cowanesque & Antrim (now Fall Brook Ry. Co. (jointly and severally. Bee form of guaranty, V. 56, p. 650. Stock, $1,000,000 (par,$50), of which July 1, 1893, N. Y. Central owned $999,000. E ARNINGS.-Year ends June 30, 1894. Lesseereporta gross, $852,470; net~ '$353,580; rental.t. $255,740. In year 1892-93, gross, $986,410; net, $405,272; rental, ;i,296,795. (V. 59, p. 376.) Pittsburg A.kron & Western.-Owns Akron, 0., to Delphos, 165 miles, completed in 1892. Stock authorized, $4,230,000; par, $100. W. A. Lynch was appointed receiver July 30, 1893. Ro a d was s old in foreclosure Oct. 17, 1894, to syndicate of bondholders for $84.4,000. It is said tbe road will be completed to New Castle, Tenn An appeal to set aside the sale has been made in the interest of about 100 credi• tors. V. 59, p. 739. Cent. Trust Co. of N. Y. is mortgage trustfe. (V. 57, p. 218, 939; v. 58, p. 476, 904; v. 59, p. 192, 601, 697, 739, 880.) Pittsburg Chartiers & Youghlogeny.-Owns from Chartiers to Beechmont and branches, 17 miles in all. STOCK. authorized, 0   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  Nov:1,..i942 Nov. 1, 1942 Nov. 1, 1942 Oct. 1, 1952 June 1, 1940 Jan., 1895. Jan. 2, 1895 Apr. 1, 1900 June 1, 1910 Apr. 1, 1917 Nov. 1, 1922 Jan. 1, 1926 Oct. 1, 1932 Mar. 1, 1895 Aug. 1, 1911 Dec. 1, 1932 Dec. 1, 1932 Apr:· 1; .i940 Feb. 1, 1902 Apr. 1, 1932 Apr. 25, 1894 April, 1895 Nov., 1904 Nov., 1904 Dec., 1905 Oct. 1, 1932 July 1, 1895 Oct. 1, 1906 July 1, 1910 Jan. 1, 1914 Aug. 1, 1900  $1,000,000; par, $50; outstanding, $700,000, O'Vnedjointly l>Y i:uaran tors ment~oned below. TRUSTEE o:r general mortgage for $1,000,000 is Fidelity Title & Trust Co. of Pittsburg. Of the 4 per cents issued, or to be issued, one-half are to be endorsed with tbe guaranty of the Pitts burg Cincinnati Chicago & St. Louis, the other half with the guaranty of the Pittsburg & Lake Erie. See guaranty, V. 56, p. 650. They are not subject to call. EARNINGS in year 1893 were gross. $174,327, agst. $159,191 in 1892; net, $43,722, against $58,494. (V. 56, p. 127.) Pittsburg Cincinnati Chicago & St. Louts.-( See Map.) The system, clearly seen on adjoining map, includes: Lines owned. Hiles. Lines leas'd(iTSee these oo's.) Mau Pittsburg.Pa., to Chicago,Ill. 504 iTChartiers . . ... . . . . ... .. .....• ~ RendcombJc. to Anoka Jc ... 166 fLittle Miami and depend'1.. 19t Bradford Jc. to Indianapolis. 104 Cincinnati Street Con. Ry... 3 Indianapolis to Jeffersonville 108 Pitts. Wheeling & Ky .. _..... 28 Branches ..................... 208 Eng. Connecting Ry. in Chio. 2 - - Other lines.................... 5 Total owned • • • • • • • • · • · · • • • .1,090 Leased jointly with T. H. fl I. Trackage,rst. Louis Vandalia. & T. H... 158 Indianapolis to Kokomo..... 55 Louisville Bridge, etc......... 5 Total of all Jan. 1, 1893 ... 1,561 ORGANIZATION, &c.-Formed in 1890 by consolidation (per terms in V. 50, p. 875) of Chicago St. Louis & Pitteburg, Jeffersonville M&dison & Indianapolis, Cincinnati & Richmond and Pittsburg Cin. & St. L. Controlled by Pennsylvania Co. and Pa. RR. Co. through ownership of stock. CAPITAL 8TOCK.-The stock authorized is: Oommon, $45,000,000 · preferred, $30,000,000; par, $100. Outstanding Oct. 31, 189(, oom mon, $24,293,050; preferred, $22,601,291 ; also held in reserve for stocks old compames unexchanged, common, $582,884; preferred, $288,866. Stock listed, common, $25,539,300, preferred, $24,000,000. The preferred stock is "non-cumulative and entitled to a dividend of 4 per cent per annum out of the net earnings as declared by the Board, with the ri~ht after 3 per cent has been declared on the common to an additional 1 per cent, making 5 per cent in a.IL" After 5 per cent on both common and preferred, tne two share pro rata. DIVIDENDS on preferred: In 1891, 3 per cent; in 1892, 4 per cent in 1893, April, 2 per cent; Nov., 2 per cent; in 1894, April, 2 per oeut· in Oct. none.-V. 59, p. 782. STOCK OF OLD COMPANIES unexchanged Oct. 31, 1894: Pittsb. Cin. & St. L. common, $164,950, Chic. St. Louis & Pittsb., common, $564, 667, and preferred, $46,553; Steubenville & Indiana, common, $87,230, and preferred, $2,950; Jeff. M. & I. $5,400. BONDB.-1'he consolidated mortgage for $75,000,-000 (Farmers' Loan & Trust Co. of N. Y. and W. N. Jackson trustees) covers the entire prop erty. Consols for $20,600,000 are reserved for the purpose of retiring all sectional bonds. The Railway Company has agreed that it will., at the time of the maturity of the latter, pay them off, to the end thali the consolidated mortgage may become the first lien on tbe whole prop• erty. The remainder of the consolidated mortgage bonds are to be is• sued from time to time for improvement of tb..e company's property, the purchase and construction of additional railway and for other lawfui purposes. In November, 1894, issue of $4,811,000 consols was authorized, of which for advances by Pennsylvania Co., $3,862,000; for bt tterments, etc., $949,000. Y. 59, p. 969. All of series A and B and series C Nos. 20,001 to 23,000, inclusive, equaling $23,000,000 1n all, are guaranteed unconditionally as to principal and interest by the Pennsylvania Company, in accordance with the vote of its Board of Directors, and are so endorsed. In Jan., 1895, only $1,508,000 series C bonds had been listed on New York Stock Exchange. The three series are all equally secured. There are 4 per cent car trusts for $205,700 due at various dates. See adv. CHRONICLE May 21, 1892, and guaranty, V. 56, p. 604. EARNINGS.-Including :Little Miami RR. from Jan. 1 to Dec. 31, 1894 (12 months), gross showed a decrease of $1,650,985 from 1893; net a, decrease of $271,077. ANNUAL REPORT.-Report for 1893 was given in full in v. 58, p. 635, 638, and showed the following results: Year ending Dec. 31. 1891. 1892. 1893. Miles operated (system proper) 1,143 1,144 1,144 Gross earnings .................• $14,895,591 $16,160.675 $15,750,808 Operating expenses............ 10,939.808 12,260~984 12,034,631  ----  Netearnin~ ..•......•..•.•• $3,955,783 Net earnings, mcl. other inc... $3,961,946 Net earns. of L. Miami & ~ profit or loss St. L.V. & T. H 367,171  $3,899,691 $3,912,606  Tot.al net ea.min.gs . ........ . $4,329,117 [nterest on bonds ..............• $2,358,025 Rentals paid ................... . 802,053 Car trusts (including interest). 144,826 Interest on L. Miami securities 79,444 Miscellaneous ................. . 7,736  $4,396,58!! $2,323,594 802,084 102,214  483,983  ---  $3,716,177 $3,730,223 4·~9,354 ~169,577 $2,387,215 813,921 94,897  5,682  Balance, surplus 'If.............. $937,033 $1,163,014 $824,634 ,r From which dividends of 4 per cent were paid in 1893, 4 per cent in 1892 and 3 per cent in 1891. • -(V. 57, p. 145, 854, 1123; V. 58, p. 635,638; V. 59, p. 782, 969.)  "'=  .,  ,-c  riJ  ~0  ~  ~ rn  ~ 0  0 E-1 r:/1.  ~  ; ,....., io  0)  00 ..-1  ~~  ~  ~   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  PITTSBURGH, 0INCINNATI, CHICAGO & ST. LOUIS RAILWAY.  INVESTORS' SUPPLEMENT.  110  [VoL. LX. ·  Subscribers ~11 confer a great f'avor by giving hnm.edlate notice of' any error discovered In the•e Tab l e • • Bonds-Prine!INTEREST OR DIVIDENDS. RAILROADS. Miles Date Size, or pal, When Due Amount Par Outstanding of Rate per When Where Payable, and by Stocks-La.st. For explanation of column headings, &o., see notes of Road. Bonds Value. Cent. Payable Whom. on first page of tables. Dividend.  PUts. Oinn. Ohic. (Concluded).-  St. Louis-{ Consol. } "A," g.c* mort. "B," g c* 1,083 " gold. " C," g.c* 77 ~ttsb. Oleve. tl:Toledo-lstM. , gold,int. guar. B .&O .. 1-"i,ttsb.Ft. Wayne ti: Ohic.-Stock, 7 p. ct. guar. Pa. RR. 470 Guaranteed special imp. stock, 7 p. c. guar. by end 470 lstmortgage,seriesA to F} Sink. fund, cumula-i 468 468 '2d do seriesGtoM tive, not drawn .c* 468 8 2d mortgage, for $ 500,000, gold . .. . .. .. .. . . . .. . c* .l'itts. June. Terminal 1st M., gold, guar. p. & 1. .. --·· Pittsburg & Lake Erie-Stock .. ...................... 1st mortgage, gold ................................ c ."ii ;ld mortft-age, gold, Series A. & B .. ............... o 71 Pittsburg cK . ti: You~h.-Stock/.'!ar ., see text .... . 1st mortgage, guar. y P. & L. . and L. S. & M. S.c ·57 2dM.,gu.p.&i. (end.)byP.&L. E.andL. S.&M. S.c 57 McKeesport & Belle Vernon, 1st M., gold , assum ed 28 Pitts. Ohio Val. & Oin.-lst M. gold, s. f. not drn .c* 15 63 Pittsb. Painesville tl:Fairport- lst M., gold, int .We.c* Terminal mort., inter est guar. by P1ttsb. & est. ---· Pitts. Shenango & Lake Erie- lat mortgage, gold. o· ... . Consol. 1st M. for $4,800,000, g-old ............. c* Pittsburg Vfrginia & uharleston-Stock .. .••.•• . • • •.. . 76 lstmortg~e, gold . ..... . .. . ............ . ........... 76 Pittsbu rg~ estern-1 st M., P itts. N ew castle & L. E. 30 Old Pitti!burg & Western 1st m ortgage . ...... . ••. 45 1st (consol.) mortga%e for $10,000,000, gold•.. . c* 310 2d mortgage for $3, 00,000, gold ...... . ...... . c* 3 24 Foxburg Bridge Co.1st M. ,guaranteedbyP.&W. ...3 Ellwood Short Line, 1st M., ~ld, gu. by P . & W. Pittsburg Youngstown ~ Ashla la-~ommonstock 125 ti:  ·--  { 1890 $1,000 1892 1,000 1892 1,000 1,000 1882 100 100 is1i 1862 500 &o. 1862 500 &o. 1862 500 &c. 1,000 1882 1,000 1894  dt~t!!~~!!~;io,;,:.:.i·st: ino;tgage: g·oici:::::::::::a* .... ....  i 878  1889 1884 188 2 1884 1888 1890 1886 1889 1890 1893  iss2  1878 1880 1887 1891 1882 1890  ....  i~o·oo  Pittsburg Cleveland &: Toledo.-From Newcastle Junction, Pa.',!,. to Akron, 0., 77 miles. Stock, $3,000,000 (par$50), of which Balt. & uhio RR. owns $1,505,000. Leased in July, 1884, for 99 years to Pittsburg & Western. The Baltimore & Ohio g uarantees Inter est on the bonds (see terms in V. 39, p . 607.) In year ending .June 30, 1894, gross, $680,002: net, $177,975; interest, $144,000; other char ges, $31,765; bal. 11urplus, $2,210. In 1892-93 gross, $787,750; net, $144,, 772. Loans and bills payable, $3,076,448, June 30, 1893. Pittsburg Fort Wayne &: Chicago.-(See Map Penn. RR.JRoAD.-Owns from Pittsburg, Pa., to Chicago, Ill., and br., 470 miles. Double track, 271 miles, of which part was built in 1893. LEASE, &c.-Foreclosed Oct. 24, 1861, and reorganized. From July 1, 1869, leased in perpetuity to the Penn. RR. at a rental equivalent to interest, sinking fund of debt and 7 per cent on $19,714,286 stock. The lessees keep road in repair and pay taxes and expenses. Annual rental and interest charge, $3,390,000. The profit to lessees has been large. CAPITAL STOCK.-The special improvement stock is issued to Pennsylvania RR. for improvements, &o., under article 16 of lease, which provides that the lessor may issue special bonds or stock. See V. 50, p. 139, and wording of endorsement in V. 56, u. 774. Of this stock the Penn. RR. Jan. 1, 1894, owned $2,348,500, and Penn. Co., $7,543,176. Since Jan. 1, 1 893, guaranteed special stock has been issued for betterments in 1891, $479,042; m 1892, $2,107,820; in 1893, $1,916,253. BONDS.-The flrf't mortgage is in series of $875,000 e ach and second mortgage of $860,000-date of interest payment on ea ch in SUPPLE· MENT of March, 1894. Of the above 1st mortgage bonds, $2,333,000 and of the second mortgage $2,614,000, and $1,930,383 cash, were held tn the sinking funds Jan. 1, 1894. ANNUAL REPORT.-Report for 1893 in v. 59, p. 69, showed gross, $12,659,668; n et , $3,712,937; loss on New C. & B eaver Val., $4, ll8; profit to lessee ov er interest, etc., $335,791; also p aid to sinking fund 1t1104,100, leaving a balance of $231,691. In 1892 gross, $12,769,832; net, $3,576,738. (V. 56, p. 774; V. 57, p. 69,218; V. 59, p. 69, 152.) Pittsburg .Tunction.-Owns 8 miles of tracks at Pittsburg, Penn., connecting the Baltimore & Ohio and the Pittsburg & Western, which con;.panies in 1882 agreed to pay the Pittsburg Junction $2 for each car passing over its road, but charge rAduce<l to $1·50 per car when company's gross earniog1 amount to $270,000 and to $1 per car when gross 1·eaches $300,000 m any (>De year. New 2d mortgage for $500,000 and increase in capital stock of llke amount authorized in 1~94; proceeds to be used for improvements. In 1893-94. ~ss $270,620, against $301,696 in 1892-93; net, $203,083, again. t ~222,730; interest on debt, $98,315; rentals a.nd taxes, $39,80-1; surplus, $64,964. Common stock is $l,460,000; preferred, $480,000; par, $50. Dividends of 7 per cent are paid on preferred. Pittsburg & Lake Erie.-Owns from Pittsburg, Pa.., to Youngstown, O., 68 miles; branch lines to Newcastle, Pa., 3 miles; total .owned, 71 mlles (of which 66 double track); leases Pitts. McKeesport & Yough. (which see), 98 miles; total operated, 169miles. Owns $350,000 etock of the Pitts. Chartiers & Yough.-which see. The P. & L. E. is .operated ininterestofL. 8. &Mich. So., which owns$2,000,050of stock. DIVIDENDS.-1884 to February, 1892, inclusive, 6 per cent yearly; in August. 1892, 5 p. c.; in 1893, 10 p. o.; in 1894, Feb., 5 p. c.; .A.ug., 5 p. c ANNUAL REPORT.-Report for 1892 was in V. 57, p. 21. In 1893 gross earnings were $4,040,784; net, $1,136,072; interest and rentals, $707i.935; dividends (10 p. c.), $400,000; balance, surplus, $28,t37. ,In 1~92 ,zross earnings $4,350,126. Real estate mortgages Jan. 1, ll.893, $136~42; balance to credit of income, $1,551,860. (V. 54, p. '641,889; v. 56, p. 375; v. 57, p. 21.) Pltt&Jturg 1'IcKee8port &: You~hlo"heny.-Owns from Pitts. to N. Haven, Pa.., 57 m.; MoKeesp. to Belle Vernon, 28 m .; branches, 11 m.; leases 2 m.; Jan. 1, 1893, total, 98 miles, of which 16 miles double track. Road opened November, 1883, and in 1890 consolidated with McKees})ort & Bellevernon. In July, 1893, a branch to Perryopolis, 5 miles, was completed, and an extension was proposed. ILEM!E._jLeased to Pittsburg & Lake Erie RR. for 999 years. Rental Is 6 per cent on the stock, principal and intere8t of the Pittsburg McK. .& Yough. bonds being guaranteed by Pittsburg & Lake Erie and Lake :Shore & Michigan Southern companies, the guaranties being endorsed on the share cert1tlcates and bonds. The guaranty of the stock is on the express condition that tbe holder shall accept par for the same on July 1, 1934. See word.in~ of guaranty in V. ~6, p. 774. Profits to lessees in 1893, $50,711, of which one-half was payable to the Lake Rhore & Kiohigan Sonthern.-(V. 52, p. 126; V. 56, p. 403; V. 58, p. 178.) Pittsbu...rg Painesville &: Falrport,-Owns from Fairport, O. to Youn~st@wn, etc., O., 63 miles. Operated at cost by Pittsburg & Western, but mte::::-est of bonds is guaranteed. Common stock, $800,000; preferred, $250,000 (par, $50), of which in 1892 the Pittsburg & Western purchased all the common and $160,000 preferred. Plt~sburg Shenango &: Lake Erie.-( See MaJ.1,)-0wns from Butler, Pa., to Girard, Pa., or Walla ce Junction, 107 miles; branches to Conneaut, etc., 40 miles ; leases to terminals, Erie, et.,,, Pa., 2 miles; t,otal owned, 149 miles. Meadville Conneaut La ke & Linesville RR., Linesville to Meadville, 21 miles; trackage, N. Y. Chio. & St. L., to Erie, 1.2 miles; t ot al, 182 miles.   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  ---  $10,000,000 411!g. A. & 0. N.Y.,Farmers' L'n & Tr. 10,000,000 412g. A. & 0. do do 6 ,818,000 412g. M. &N. do do 2,400,000 6 g. A. & 0. N. Y., Cent. Trust Co. 19,714,286 7 per an. Q.-J. N. Y., Winslow, L. & Co. 18,877,403 7 per an. Q.-.J. do do 5,250,000 7 Various do do 5,160,000 7 Various do do 2,000,000 7 A. & O. do do 6 g. .J. & .J. N. Y., 3d N. B. & Pitts. 1,440,000 (1) 5 g. .J. & J. do do ... . ... 500,000 5 g. A. jz; 0. 50 4,000,000 See t ext. F. & A. Pittsburg, Co.'s Office. 6 g . .J. & J. 2,000,000 1 ,000 do do 5 g. A. & 0 . N. Y., Security & Tr. Co. 2,000,000 1,000 50 3,959,650 6 p er a,n. J. & J. N. Y., Union Trust Co. 1,000 2,250,000 6 J. & J . do do 1 ,000 900,000 ,6 J. & J. do do 1,000 600,000 6 g. J. & J . Pittsb' g , Fidelity Tr.Co. 1,000 300,000 5 g. A. & 0. Phil.,Pa .RR.,233 So.4th 1 ,uoo,000 1 ,000 5 g. J. & J. N. Y., Mercantile Tr. Co. 1,000 250,000 5 J. & J. do do 1,000 3,000,000 5 g. A. & 0. N. Y., Central Trust Co. 1,000 786,000 5 g. J. & J. do do 50 3 ,432,000 See tex t . May. Philadelphia Office. 1,000 3,000,000 do do A. & 0. 5 500 &c. 219,000 J. & D. All~heny,Pa..,lsti."'i.Bk. 7 1,000 N. ., Drexel, M. & Co. 8 1,000 6 1,000 do do 9 ,700,000 4 g. .1:·&--.J. 1,000 do do 3,500,000 5 g. M.& N. 100,000 M.& 8. N. Y., Union Trust Co. 6 New York City. 300,000 5 g. F. & A. 50 1 ,333,342 See text. M. & S. N. Y.,Farm.L. &Tr.Co.  Oct. 1, 1940 Apr. 1, 1942 Nov. 1, 1942 Oct. 1, 1922 .Jan. 8, 1895 Jan. 2, 1895 July 1, 1912 .July 1, 1912 .July 1, 1912 .July 1, 1922 .July 1, 1922 Oct. 1, 1907 Aug. 1, 1894 Jan. 1, 1928 Jan. 1, 1928 Jan., 1895 July 1, 1932 July 1, 1934 .Tull 1, 1918 Oc . 1, 1920 .July 1, 1916 .July, 1916 Oct. 1, 194<l July 1, 1943 May 1, 1894 Sept. 1, 1912 .June 1, 1898 Oct. 15, 1900 July 1, 1917 May 1, 1941 Sept. 1, 1902 Aug-., 1920 Oct. 19, 1894  ORGANIZATION, ETC.-In Marc>h, 1893, consolidated with the Erie Ter· minal and Conneaut Terminal Co's. Stock, $1,800,000; par, $50. BoNDs.-Consolidated mortgage is for $4,800,000, of which $3,000,000 isreserved to retire the nrst mortga,g e at m>1.turity and $1,250,000 to redeem a like amount of bonds of the Erie Terminal and Con• neaut Terminal companies, which latter bonds to be canceled. The re• mainder or the authorized issue, $550,000, to be used in payment of equipment already purchased. The lake traffic secured in 1893 through the opening of the Conneaut Harbor terminals largely increased the earnin~s. In Sept., 1893, made contract with Lake Superior Consol. Iron Mines for transportation of ore. On Sept. 30, 1894, bills pa.y• able were $655,2{7. Car trusts Nov. 1, 1894, $318,780. EARNINGS.-From Jan. 1 to Dec. 31, 1894 (12 months), gross, $471,· 205, against $500,835 in 1893. From .Jan. 1 to Dec. 31, 1893 (12 months), gross, $500,835; net, $191,038; surplus over charges, $33,038. In 1892 gross $390,903, net, $156,821; surplus over charges, $4,692.-(V. 56, p. 841; V. 58, p. 69; V. 59, p. 1059.l UNITED STATES & ONTARIO STEAM NAVfGATION Co.-Organized by the P. S. & L. E. to run boat~ for coal transfer, etc., between Conneaut and Port Dover, Can., 60 milt's, connecting with theGr-tnd Tru olc RR., with which road a 20-year co 11tract ha~ been made for sole use of Port Dover harbor. V. 59, p. 1059. Plttsbnr~ Virginia&: Charleston Ky .- From South Pittsburg Pa., to Brownsvme, &o., Pa., 76 miles. On Nov. 1, 189 i, the \ionon~ahela River & Streets Run RR., MoKeesport & Bessemer RR. and Brownsville & State Line RR. (total 314 ruiles tnr•luded above) were consolidated with the P. V. & C. and capital stock issued therefor. Operated by Pennsylvania RR., which owns $1,636,950 stock, and pays net earnings as rental, the bonds being pledged under its "col• lateral trust of 188:l.'' Stock authorized (formerly $2,300,000) in• creased to $6,000,000 in July, 189!. V. 59, p. 28. fo 1894 additional stock. f ,,r $1,407,000 was issued. Dividends were formerly 5 per cent per annum. payable in May, but in May, 1894, only 3 per cent was paid. '£ here are $431,000 debenture 5s due Dec. 31, 1895. In 1893 gross, $1,149,058: net, $2!~3,398. Pittsburg&: Western.-(See Map of Baltimore ti: Ohio.)-ROA.DL ines owned in feeMiles. Leased and oor,,trolled.Jfiles. Allegheny, Pa, to W. Sewickly. 46 Pitts. Cleve. & Totedo ,r.... ... . 77 Rock Point, P 1lr., to New Castle 11 Pitts. Painesville & Fairport ,r. 62 H azleton to Niles ....•.• . .•. . ..• 12 Elwood Short LineFrisco to Crowthers ............ 6 W. Sewickley to Rock Point. 3 Callery June. to Butler.......•. 131 -3-fli. gauge lines to Jewett, etc.136 Total msee this co.) .•••...•• • 3 66 Double track: ...••.....•.••. o ver 4 0 The 3-foot g ,m ge lines are laid with 40-pound rail; the remainder of lines owned with 60 to 70-pound steel. Company is said to own nearly the entire water front at Allegheny, Pa., 7 miles, with terminals. et3. ORGANIZATION, ETC.-In Feb., 1891, the Baltimore & Ohio bought $6,050,000 common stoolr, and in May, 1893, began to use the road a.s part of a through passenger route to Chicago. The .Allegheny & Lawrence RR. was to be built from Bryant to Moravia, Penn., 40 miles, to shorten this route and lessen the grade. V. 55, p. 237. STOCK.-Common1 $8,500,000, and preferred, $5,000,000, 5 per cent non-cumulative; bothin$50 shares. Control held by Baltimore & Ohio. Common stock was increased by $1,500,00u in '92 to purchase $960 ,000 stockofthePittsburgPainesville & Fairport,$1,300,000 (of the $1,500,000) stock of the Allegheny & Lawrence (see "or~a.llization" abov e), and $382,500 Trumbull & Ha.honing securities. V. 55, p. 332, 680. BoNDs.-For abstract of first mortgage (trustee, Mercantile Tru st Company) see V, 45, p. 439. Second mortgage ror $3,500,000 is a. fi rst lien on terminal" at Youogst-0wn, 0., and on 12 miles of new doueletra.ok road along lihe Mahoning River. V. 52, p. 238, 499, 762; V. 56, p. 625. Real estate mortgages $315,375; oar trust11, $448,207. Interest is guaranteed on $1,250,000 Pitts. Painesville & Fairport bonds. EARNINGS.-5 months, 5 1894 ...... gross, $1,264,745; net, $441,067 July 1 to Nov. 30. ( 1893 . .. •.. gross, 1,148,552; net, 342,9 1~ Surplus over charges \4 months) in 1894 $78,120. For year 1893, gross, $2,689,658, against $2,366,478 in 1892. Far vea.r ending .June 30, 1893, gross earnings were $~,586,185; net, $527,274; interest a.nd taxes, $868,391; deficit, $341,117. In 1891·92 gross, $2,402,565; net, $462,326. (V. 55, p. 100, 147,257,332,680, 895 ; v. 56, p. 625.) Pltt8burg Youngsto-wn &: A.shtabula.-Owns Kenwood, P a., to Ashtabula Harbor 0., 99 miles; Niles to Alliance Junction, 0., 25 miles; Canfield Branch, 1 mile: trackage, 3 miles. Total, 128 miles. ORGANIZATION.-Consolidation of Ashtabula. & Pittsburg and other roads in 1887. Leased from August 1, 1887, to Pennsylvania. Oom· pany, which Jan. 1, 1894, owned $875,000 common and $1,550,000 preferred stock; rental net earnings. Lease may be terminated at optien of either party on one year's notice. Stock authorized-Common, $2.000,000, and preferred, $2,000,000; both in $50 shares. DIVID ENDS.-The dividends due in Sept., 1894, were pa.id Oct. 19. On preferred stock at rate of 7 per oent yearly sm,·e 1887; on common, in. September , 1890, 212 p er cent; in September, 1891, 3 per cent; in 1892, 6 p . c.; in 1893, 6 ~- c .; in 18 ~4, March, 3 p . c.; Oct., 3 p. c.  I  ••y , JA.NU......  1895,]   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  STOCKS AND BONDS.  111  Jdalloning  MAP OF THE  PITTSBURG, SHENANGO LAKE  EiIE R. R.  .AND CO NNECTIONS.  INVESTORS' SUPPLEMENT.  112  [VOL, LX.  Subscribers -will confer a great f'avor by giving inunediate notice of' any error discovered in these Tables. Bonds-Prinol INTEREST OR DIVIDENDS. RAILROADS. Miles Date Size, or Due. Amount Rat~ per When Where Payable, and by pal,When Par For explanation of column headings, &c., see notes of of Stocks-La.st Outstanding Cent. Payable on first page of tables. Road. Bonds Value. Whom. Dividend.  Pitts. Young.  & Ash.-(Oon.J-Preferred stock ...... Lawrence RR. lstM. ,Lawrence June. to Y'n~st'n.o Ashtabula & Pittsb. lst M., Y'ngst'n to Ash ab.o* Consol. mort. (for $4,000,000) s. f. 1 p.o., not dr.c* Pontiac Oxford & Northern.-Stock ................. Pt. Jervis Monticello & N. Y.-lst M.,g($10,000 p.m.) Port Reading.-lat mortgage, gold, guar ....... c*&r Port Royal d! Augusta-1st mort. an 2d mort ...... 0 1 pi1w:a~l~ ~!~a~1?~~1~ds,sf~ Kiioi: Conso1. M. for $2,500,000, re~mable at 110.. c* Poraand Saco & Portsmouth-Stock (gual.'. by rental) Portsmouth & Dover-Stock, 6 p. c. guar. East. Mass. Potomac Valley-lat M.$2t_OO,OOO, gold,guar .. c*&r Prescott ti Arizona Oentra 1st M., g, s.f. notdrn.c 2d mortgage, incomes .............................. Prosp. Pk. & Ooney lsl'd2d mortgage for $500,000 ($80,000 are 6s) .. c*&r 3d mort.for $200,000 gold ($104,000 are 6s).o*&r Debentures, income, non•cum . ............ •....... Providence & ~~ngjietdr-lst M. gold, guar.,p&i.c' Providence ti orcester-Stock (10 per cent rental). 1st mortgage ..................................... c* Quincy Omaha & Kansas Oity-Pref. 1st mortgage.  i·  M:~:  ~~:,!~I'tj!J!sta~ 1c£morlg~ge; fundiii°g:::::: :o• Raleigh ti Gaston-1st mortgage .................... o  Seab. Air Line Eq.. bonds, Ser. A&B, (12 issue) .... Beading & Ootumbia-lat mortgage (extended) .. c* 2d mortgage, coupon (extended in 1884) .....••. c Debentures ............. ~ .. ···•···· ................ c  125 17 62 125 100  ·20 112 112 68 227 51 11 15 73 73 10 10  ·s·o  51 51 134 134 98 97  --is65  1878 1887  ---·  1887 1891 '78·'82 1878 1880 1887  ----  is9i  1886 1886 1886 1891  is92  ---1877  1887 1887 1886 1873 ·40 1890·1 1862 40 1864 1877  ~'!~s:~Jg'!g' s:r:o;:;u~!t~S:~:~·~~::~~~~·!~:.ll- ioz 79 is7i  $50 $1,700,000 7 per an. M. & 8. N. Y., Far. L. & Tr. Co. F. & A. N. Y., Win1low, L. & Co. 1,000 310,000 7 6 F. & A. Phila., Fidelity Tr. Co. 1,000 1,500,000 1,562,000 5 M.&N. N. Y., Farm. L. & Tr. Co. 1,000 100 1,000,000 4in 1892 ... ........ 6 g. J. & D. 1,000 364,000 ~fee·tei:t: 1,500,000 J. & J. 1,000 ~ g. J. '& J. July, '93, coup. last pd. 362,000 500 100 &c. 1,500,000 6 J. & J. 500 &c. J. & J. July,'92; cioup.iast paid 630.000 7 M.&N. 1,000 1,870,000 6 100 1,500,000 6 per an. J. & J. Boston, Treasur. Office. 100 769,000 6 per an. J. & J. Portsmouth, Treasurer. 5 g. J. & J. 1,000 See tex t. Baltimore. 6 g. J. & J. Jan., '93, coup. last£d. 1,000 775,000 1,000 6 J. & J. N. Y., when earne . 775,000  Deo. 1, 1927 Jan. 1, 1941 '98&' 99-Tex Jan. 1, 1899 July 1, 1900 May 1, 1937 Jan. 15,189 Jan., 1895 Jan. 1, 1941 Jan. 2, 1916 Jan. 2, 1916  420,000 200,000 250,000 1,000 750,000 3,500,000 100 1,000 1,500,000 1,000 250,000 1,000 1,489,240 1,000,000 1,000 1,000,000 1,000 197,500 1,000 650,000 100 &c. 350,000 1,000 1,000,000 1,000 100 10,000,000 1000 2 000 000  Feb. 1, 1926 Mch. 1, 1931 May 1, 1920 July 1, 1922 De,i. 31, 189 Oct. 1, 1897 Dec. 1, 1917 Dec. 1, Un7 Jan., 1926 Jan. 1, 18~S $25,000 J'ne 1 Moh. 1, 191 June 1, 1904 Dec. 1, 1917 Jan. 2, 1895 May 1, 1921  1,000 1,000  -----·  BONDS.-Bonds of 1887 (trustee, Farmers' Loan & Trust Co.) are reserved to retire divisional bonde. A sinking fund of 1 per cent pur• chases bonds of 1887 at par; otherwise payments lapse. EARNINGS.-10 months, t 1894, gross, $988,361; net, $402,311 Jan. 1 to Oct. 31. 5 1893, gross, 1,142,703; net, 461,253 In 1893 gross earnings, $1,293,816; net, $483,153; interest on bonds. $189,800; other charges, $1,834; dividends (6 per cent on common; 7 on preferred), $198,736; balance, surplus, $92,783. Plant System.-SEE SAVANNAH FLORrDA & WESTERN. Pontiac Oxf'ord & Northern. -Operates road from Pontiac, Mich., to Caseville, Mich., 100 miles. Successor to Pontiac Oxford & Port Austin RR., sold in foreclosure in 1889. In year 1893 gross earnings were $128,444; net, $34,657; dividends (4 per cent), $40,000; balance, deficit $5,343, against surplus, $9,096 in 1892. Dividends : In 1890, 1 p. c.; 1891, 3 p. c.; in 1892, 4 p. c.; in 1893, 6 p. c.; 1894, March, 3 p. c. President, Hugh Porter, New York. Port Royal & A.ugusta.-Port R., S. C., to Augusta, Ga., 112 m RECEIVERSHIP ETC.-Stock is $750,000; par $100, and Central Ga. July 1, 1892, owned $401,500 stock and $1,176,600 general mortgage bonds. Central of Georgia is in receiver's hands, but interest due July, 1892, and Jan. and July, 1898, on the P. & A. first and second mortgages was paid at maturity; January, 1894, interest was not paid. In May, 1893, J. H. Averill was made receiver of the P.R. & A. in the suit brought by the State of South Carolina. First mortgage ($250,000) may be redeemed at any time at 105. The :fl.rots mature Jan. 1, 1899, EABNINGS.-7 months, t 189-!, gross, $158,220; def., $4,071. Jan. 1 to July 31, 5 1893, gross, 164,894; net, 20,943. In year ending June 30, 1893, gross, $269,538; net, $21,975. In calendar year 1892 gross $238,718, against $359,749 in 1891. In year '90·91 gross $364,707; net, $73,935. (V. 56, p. 836,972; V. 57, p. 939.) Port Royal & Western Carolina.-Owns Augusta, Ga., to Spartanburg, 8. C., Laurens to Greenville, 8. C., and McCormick to Anderson, 8. C., 230 miles. A consolidation in 1886 of the Augusta & Knoxville, &c. Interest on Augusta & Knoxville bonds due Jan. 1, 1893, went to default. Foreclosure suit was instituted in May, 1893, and on June 28, '93, J.B. Cleveland was made receiver. See V. 56, p. 972. 8TOCK.-Common, $1,234,000 and 6 p. c. non•CUID. pref., $184,000par $100. Central RR. of Georgia July 1, 1892, owned $1,767,000 of ,th~:!::o!~~d;:r::4•J~~::;mt ::o~ku::d ~~.th~:;:fe~ed~onths), gross earnings $174,414, against $158,635 in 1893. In year ending June 30, 1893, def. under oper. exp., $129,536. In calendar year 1893 gross $366,682, agst. $295,00! in 1892. In year 1890-91, gross, $428,· 426, against $380,291 in 1889·90 ; net over expenses, betterments and taxes, $7,155, against $9,703; charges, $156,300. (V. 56, p. 972.) Port Readlng.-Owns 20 miles of road, COlllpleted in Sept. 1892 from Bound Brook, N. J., to Staten Island Sound, where extensive terminals were established. Capital stock authorized $2,000,000outstanding, $1.565,000, par $100. The Philadelphia & Reading RR. Co. guaranteed the bonds, princtpalJand interest, by endorsement on each bona, but see that company. (V. 54, p . 762; V. 55, p. 544, 639, 680.) Portland Saco & Ports:rnouth.-Portland, Me., to Portsmouth, N. H., 51 miles. It was leased May 4, 187.1, in perpetuity to the Eastern Railroad, Mass. (now merged in Boston & Maine), at 10 per cent on &took. Lease rental changed May 21, 1877, and now 6 per cent. Portsmouth & Dover.-Portsmouth, N. H., to Dover, N. H., 11 miles. Opened February 1, 1874, and leased for fifty years to Eastern New Hampshire at t3 per cent per annum on the stock, rental guaran• teed by the Eastern RR. of Mass. Lease assumed by Boston & Maine. Potomac Valley.-In September, 1893, completed from Williamsport, Pa., to Cherry Run, W. Va., on the B. & 0., 15 miles, and from Porters, Pa., to York, Pa., about 16 miles. Road also to be built from York to the Philadelphia & Reading RR. near Marietta, Pa., and from Thomasville, Pa., to the Philadelphia Har• ri.sburg & Potomac Railroad, 8 miles west of Harrisburg, 21 miles, making total mileage 65 miles. The property is leased to the Western Marylana, a.nd the bonds have principal and interest guaran• teed.jointly and severally, by the Western Maryland RR. Co. and the Balttruore & Harrisburg RR. Co., and are so endorsed. (V. 52, p. 121.l In Nov., '83, $737,000 bonds were out, of which $177,000 as collateral. Prescott & A.rizona Central.-Owns from Seligman, on the Atlantic & Pacific RR. to Prescott, Arizona, 73 miles. Stock, $1,200,· 000. Central Trust Co., is mortgage trustee. July, 1893, interest on first mortgage bonds was not paid. - W. N. Kelly was made receiver. In November, 1893, operation of road was suspended. As to suit against Atchison Topeka & 8. Fe in 1894, see V. 59, p. 601. EARNINGS.-In 1891 gross, $139,822; net, $60,907, against $82,269 in 1890. Office, 15 Wall St. V. 59, p. 601. Prospect Park & Copey Island.-Owns from 9th Avenue and 20th street, &ooklyn, to Coney Island, etc., 6 miles; leases to Coney Island Pomt, e~., 212 mD.es; other, 1 mile; trackage, Parkville to Bay Ridge, 312 milea; tote.I. 13 miles. Stock is $250,000; par, $100. HISTORY.-The Long Island RR. acquirea controlling interest in stock in 1893, and in consideration of a ~aranty by that cou ,pany, annual intereet on the greater part of P. P. & C. I.'s bonded debt was 1·educed from 6 and 7 per cent to 412 per cent. See V. 56, p. 42.   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  412&6 F. & A. Of.,4 Court Sq. Br'klyn. 412& 6g. M. & 8. do do ...5.g. J ...&.. J. Provid'ce, Globe N. Bk. lOperan Q.-M. Providence, Office. A. & O. Prov.,R.I. Hosp. &Tr. Co. 6 5 J. & D. N.Y., Gilman, Son& Co. 3,4,5 J. & D . 6 J. & J. ~1::tt~ti~~It~~:\f~~: J . & J. Balt. & Phil. Mech.N .Bk. 8 5 J. & D. Balt.Merc.Tr.& Dep.Co. M.& 8. Philad:hil.& R6«f d. RR. 5 5 J. & D. 0 6 J. &D. 8per an. J. & J. N.Y.,Del.&H.CanalCo. 7 . M. & N. do do  Oct. 19,189 Aug. 1, 1895 Aug. 1, 190 Nov. 1, 192 (1)  SECURITIES.-On June 30, 1894, there were mortga11:es on real estate· for $14,883, and $104,972 loans and bills payable. The company scld1 its horse·car property and franchises to the Atlantic Horse RR. Co.,. and helds a 5 percent bond and mortgage of that company for $420,000.. First mortgage bonds for $500,000 due Jan. 1, 1895, were paid. LATEST EARNINGS.-3 months to Sept. 30. Gross. Net. Other inc. Int., taxes, etc. Bal., sur_ 1894 ..... $81,428 $38,806 $10,132 $15,605 $33,333 1893 ..... 87,079 36,791 7,409 15,564 28,636 E ,un..--1Nos.-For year ending June 30, 1894, gross, $144,920; deficit. under operating expenses, $8,287; income from rents, $18,533; charges,. $59,541; d~:flcit, $49,295. In. 1892-9:i gross, $171,332; net, $31,273; Total de:flo1t June 30, 1894, $174,484.-(V. 56, p. 42, 164; V. 57, p •. 547; V. 59, p. 3'76, 920, 1105.) Providence & Sprincrfl.eld.-Providence, R. I., to Douglas, Mass.,. on the N. Y. & N. E. main iine, 30 miles. Stock is $517,450 (par, $100), a majority of which was acquired in July, 1890, in interest of the New York & New England, and road leased to that company for 99 years from October 1 at 6 per oent on stock. See V. 51, p. 458; V. 55, p. 177. The bonds are guaranteed by the New York & New England RR., and. were to be guaranteed by the City of Providence, but certain taxpayers secured an injunction in Dec., 1893, restraining the city. Feb. 28, 1894, injunction was continued. V. 57, p. 1123. EARNINGS.-In 1893: gross, $182,450; net, $28,073. Providence & Worcester.-Owns from Providence, R. I., to, Worcester, Mass., 44 miles, of which 5 miles are owned jointly with. Boston & Providence; branches, 7 miles; total operated, 51 miles; From July 1, 1892, leased for 99 years at 10 per cent per annum on the stock to the N. Y. N. H. & Hartford. Extra dividend of 41.g . per cent was paid out of assets in March, 1893. In 1893·94 total rncome was $446,398, against $491,511 in 1892·93; surplus aftn expense , charges and 10 per cent dividends, $789, against $13,973 in, 1892·93. Total surplus June 30, 1894, $209,099. (V: 56, p. 83.) flulncy O:rnaha & Kansas Clty.-West Quincy to Trenton, Mo., 'Ci 134 miles; trackage (C. B. & Q.), to Quincy, 3 miles. HISTORY.-Successor to Quincy Missouri & Pacific sold in foreclosure.• and reorganized. Default was made on Dec., 1890, coupons, but pref._ 1st mortgage coupons were afterwards paid in full. The stock is. $1,489,240 tpar $100). EARNINGS.-11 months, t 1894, grOE'S, $212,162; net, $58,355. Jan. 1 to Nov. 30. 5 1893, gross, 249,708; net, 58,698. For year ending Dec. 31, 1893, gross earnings were$271,013, against-.. $279,035 in 1892; net, $67,383, against $65,744.. aleigh & Augusta.-Owns from Raleigh, N. C., to Hamlet, N. C., 97 miles; Hamlet to Gibson, 10 milas; leases Monoure to Pittsboro... 12 miles; total, 119 miles. Controlled by Raleigh & Gaston, which July1, 1893, owned $772,200 stock, and so by Sea.board & Roanoke. Stock is $873,600; pa.r, $100. In 1892·93 gross earnings, $306,587; net, $66,708; surplus (includinir other receipts) over tlxed charges, $3,599, agst. $-2,671 in 1891·92; net current liabilities July 1, 1893, $306,896 •. Raleigh & Gaston.-OwnsfromRaleigh to Weldon, N. C., 98 miles and Louisburg branch, 10 miles. Controls Raleigh & Augusta RR., lO'T' miles, and has large interest in Durham & Northern RR., Durham toHenderson, N. C., 42 miles; and with Seaboard & Roanoke control& Carolina. Central; also controls Georgia Carolina & Northern and _ jointly guarantees the bo:ads. Seaboard & Roanoke owns $742,200 of the Raleigh & Gaston $1,500,000 stock; par, $100. DIVIDENDS.-In 1889, 1890 and 1891, 6; in 1892, 4 p. c.; none since._ EARNINGS.-In year ending June 30, 1893, gross, $475,675 ; net $147,909, against $151,722 in 1891·92; income other sources, $81,269; interest paid, $80,000; dividends(~ p. ct.) $30,000; "other dedu.ctions,'' ' $138,069; deficit for 1893, $18,891, against surplus $16,547 in 1892. .Reading & Columbia.-Owns from Columbia to Sinking Sprtngs, Pa.., 40 miles; branches, 13 miles; I ,a1111a1-1Ler & ~ea<iing RR. (narrow · gauge), leased, 15 miles; operates Marietta Junction to Chickies, 6 miles; total operated, 74 milas. Quarryville branch of Lancaster~ Read. was sold in June, ::L.$94, at auction. Stock, $958,373 (par, $50) ,.. of which $786,300, with tihe $1,Q00,000 debentures, are ownea. by Phil. & Read. and deposited under itis coll. trust of 1892. The road is cpntrolled and operated by the Phil.a. & Read., but accounts kept separate. In year ending Nov. 30, '93, gross earnings were $328,051; net, $94,427; . interest and rentals, $130,360: deficit for year, $35,933. In 1891-92 gross $318,334; net, $85,464. Total deficit to Nov. 30, '93, $1,319,791. .Ren,sselaer & Saratoga.-The line of road is as follows : &ad owned.llfiles. Leased r Oontinued)Milu. Troy to Lake Champlain_ ...... 79 Vermont line to Castleton, Vt. r LeasedEagle Bridge, N. Y., to RutTroy to Waterford June., etc.. 7 land, Vt....................... 62. Schenectady to Ballston........ 15 Ft. Edward to Caldwell .. ...... 15 Total operated ...... .. .. . ... 192 · Whitehall to Vermont line. _... 7 LEASE.-Leased in perpetuity March 1, 1871, to the Delaware & Hudson; rental, 8 per cent on the .itocir and interest on the bonds. WordinQ; of guaranty on stock was in V 56, p. 773. EARNINGS.-For year to June 30, 1894, gross, $2,174,133, against $2,510,925 in 1892-93; net, $758,395, against $1,002,017; deficit undercharges and taxes, $434,778. (V. 58, p. 306, 817; V. 59, p. 291, 880.)  R  JANUARY,  113  RAILROAD STOCKS AND BON.US.  1895,j  Sub8crlber8 ,vlll confer a great favor by glvlnt?; llnmedlate notice of any error dl8covered In the8e Table8.  RAILROADS. INTEREST OR DIVIDENDS. Bonds-PrinolMiles Date Size,or Amount - - - - - - - - - - - - - - - - - 1pal,WhenDue. ~or explanation of column headings, &c., see notes of of Par Outstanding Rate per When Where Payable, and by Stocks-Last on first page of tables. Road. Bonds Value. Cent. Payable Whom. Dividend. - - - - - - - - - - - - - - - - - - - - -1-- - - - - - - - -·1 - - - - - - 1 - - - - - - - - - 1 - - - - - - - - - - · 1 - - Jan. 2, 1895 Rich.Fred. d! Pot.-St'k,com.($1,071,100 div.,oblig.) .... .. .. $100 $2,238,000 See text. J. & J. Phila. & Richmond. do do Nov. 1, 1894 Stock, guar. 7 p. c., except $19,300 guar. 6 p. c.. 100 500,400 7 per an. M. & N. July, 1895 1st mortgage, convertible ($26,840 are 7s) . ... . .. · 82 i85G Various 35,370 6&7J. & J. do do 1901 5 J. & J. do do do do . . . . . . . . . . .. . . . . . . . .. .• . . . 82 1856 Various 99,070 1901 5 J. & J. do do d" coupon bonds due in London....... 82 1858 Various 48,687 1901 6 M. & N. do do do do due in U. S........... 82 1870 Various 300,000 July, 1899 7 J. & J. do do do certi.fl.cates of debt, due in U. B.. .•. 82 1858 Various 83,363 1901-1902 5 J. & J. do do 2d mortgage do do ..... 82 '44·66 .... 53,511 4½!g. .A. & O. N.Y., Phila. orRichm'd. Apr. 1, 1940 Consol. mortgage for $2,000,000, gold ....... c*&r 82 1890 $i:ooo 500,000 Nov., 1921 6 M.& N. Richmond & Meckle,,biwg-lst mortgage........... 31 1882 315,000 i:o·oo 6 g. J. & J. In default. July 1, 1919 B.icn. Nichol. Ire. d: B.-lstmortgage, gold......... c.. .. • . 1889 2,375,000 Jan. 2, 1895 23 1,000,000 See text, J. & J. Richmond, Office. llichmond d! Petersbitrg-Stock...... ...... ...•....•. . .. . 100 May 1, 1915 First mortgage ($28,000 are 7s) ..... .............. 23 1875 500 &c. do do 378,000 6 & 7 M. & N. 412g. A. & O. N. Y., Brown Brothers. Apr. 1, 1940 Consolidated ruortgage for $1,000,000, gold .... c* 27 1890 1,000 300,000 Richmond York Rive1· & Chesapeake-SEE SOUTHERN RAILWAY Co. 100 . . •. Rio Grande Junct-ion-Stock ............. · · · · · · · · · · · · 62 5. g. J_- .&. D. N. Y., Maitland, P.& Co. Deo: • 1,"i939 1st mortgage, gold, guar. jointly .. .............. c* 62 1 8 8 9 1,000 Rio Grande Soutfiern-Stock, $25,000 per mile..... 180 100 ··5· g. J_-·&··J. July, '93, coup. last pd Juiy·1,"i940 1st mortgage, $25,000 per mile, gold ......... c*&r 180 i890 1,000 . .. . .•... N.Y.,office,32 NassauSt. . ....•• . Bio Grande Westernr--Common stock................ . . . . . ... 100 10,000,000 Preferred stock ($7,500,000 authorized) .. ....... 531 100 6,250,000 See text. Q.-F. do do Aug. 1, 1893 . . .. 4c g. J. & J. N. Y., State Trust Co. July 1, 1939 1st trust mortgage, for $16,000,000, gold ...... c.. 434 1 8 8 9 1,000&c 15,200,000 216,000 5 ..... All owned by Penn. RR. ......•. 50 .River Front-Stock, 5 per cent, far. P enn. RR. ... . ... 2 216,000 4½! ..... Phila., Co.'s Office. May 1, 1912 1,000 RI:1~0~~::~t~hr,;~~lto!t.::. .. ~~.~·. ~~:::::::::: i22 100 2,396,450 •. . . . ... · Mc·h·.· · ·.·· · n 1 1 92 1, lstMortgage,gold,$15,000p. m.,$'uar. p. &i...c* 122 iS92 1,000 2,041,000 5 g. M. & 8. N. Y .. Ed. Sweet & Balt. 85,000 6 J. & D. Balt. Mero. Tr.&Dep.Co. $21,000 Dec.1 Equip. trust ($210,000) guar.p. &1. byN.&W .. c* .... 1891 1,000 555,200 6 per an. J. & J. ,N.Y.,byN.Y.L.E.&W.Co Jan. 1895. Boen. ct Genesee Val.-Stock, 6% rentalN. Y.L.E.&W. 18 .... 100 llock Island d! Peoria-Stock......................... 113 1,500,000 5 per an. J. & Y., CornExch.Bank. Jan. 1, 1895 150,000 10 J. & J. do do Jan. 1, 1906 1st mortgage .................•............ . ....... r 91 i87S 450,000 6 J. & J. do do Jan. 1, 1925 Consolidated 1st mortgage........................ r 113 1885 5,000 345,360 614 J. & J. .......... (!) .... Bome & Clinton-Stock.............................. . ••. 100 Ro,,,,,e Watertown~ Ogdensburg-Stock, guar. (end.) .... .... 100 10,000,000 5 per an. Q.-F. N. Y., Gr. Cent. Station. Nov.15, 1894  i:ggg:888 !:g}g;&gg  00  iss·  2s:ooo  I  J.IN.  Richmond & Danvllle.-See Southern Railway Co. For state• vasse to Grand Junction, 18 miles. Total operated, 520 miles, of ment previous to reorganization see SUPPLE1t1ENT ot May, 1894. I whieh 2 miles owned jointly with Union Pacific. All the main line is Richmond Frederlcksburo- & Potomac.-Owns from Rich- laid with 65 lb. steel. Also owns 11 miles of tramways. mond, Va., to Quantico, 79 miles; :James River branch, 3 miles; leases HISTORY,-Formed in June, 1889, to succeed the Denver & Rio Quantico to Junction, etc., 3 miles. The dividend obligations receive Grande Western, by plan of March, 1889, for widening gauge and reeame dividends as common stock, but carry no voting power. The tiring old securities with new issw.es. See V. 48, p. 429; V. 52, p. 941. .guaranteed stock is said to be seo'?-l'ed by a mort~age ahead of the CAPITAL STOCK..-Preferred stock is entitled to 5 per cent dividend, con.sols. Console are reserved for prior bonds maturmg. non-cumulative, then common stock to 5 per cent, after which both DIVIDENDS of 7 per cent paid on common stock and dividend obliga.• classes of stock share pro ra.ta.. tions in 1~88 and 1889; ~ 1890, 612 per cent; in 1891, 7 per _cent: in DrvIDENDS.-Preterred stock-A dividend ot 2~ per cent in preferred 1892, 7; m 1893, 7 p. c.; 1n 1894, Jan.• 312 p. c.; July, 3 p. c .; rn 1895, stock was paid February, 1891, and the first quarterly ca.sh dividend Jan., 3 12 p. c. of 114 per cent May, 1891; Aug. 114; Nov., 114. In 1892, 5 -per cent: E.ARNINGS.-5 months.} 1894, gross, $275,704; net, $91,001. in 1893, Feb., 114 per cent; May, 114; August, 1 14 p. c.; in Nov. none. July 1 to Nov. 30. 1893, gross, $253,398; net, $63,452. See V. 58, p. 384. Year to June 30, 1894, gross, $673,519; ;ie,t, $230,3(,>3; other income, BONDS.-See abstract or mortgage (CentraJ. 'l'rusti vo.; trustee) in V. (net,) $11,727; fl.x:ed charges, $96,070; dividends paid, $145,470; bal., 49, p. 237, and statement to New York stock Exchange in V. 50, p. 73. eurp~us $550. In 1~92-93 gross, $782,093; net, ~284,660. (V. 53, p. In December, 1893, $1,200,000 ji,,-st mortgage 4s w:ere issued to fund '153, V. 55, p. 9'7 '7, V. 57, p. 1082. V. 59 p. 920, V. 60, P• 41 • floating debt ($731,000) and for improvements. This mortgage covers Rlchn1.ond & 1'.lec.klenburg.-Owns road from Keysville, Va., to the 434 miles owned in fee, includini 11 miles of tramways, but not elarkesvillei Va., 31 miles. Formerly leased to Richmond & Danville, the Sevier Ry. securities nor the Tint10 ·Range securities, both of which but excludeu from system by Richmond Terminal reorganization plan issues a.re held as available assets in the treasury. On June 30, 1894, as modified Feb. 20, 1894. Road is operated by Southern Ry. Co. under there were $800,000 firsts in the treasury. operating contract bJ: which R. & M. gets the n~t ~arll;ings and c~rtain EARNINGS.-5 months, } 1894, gross, $985,608 ; net, $345,449. l)er cent on traffic derived from Southern R y. :w1thm l1m1ted territory. July 1 to Nov. 30. 1893 gross $984 732 • net $407 442. STOCK.-$357,900; par $100. BONDS.-T!i..ere 1s also a second mortgage, ' ' ' ' ' ' due 1937 for $160 000 at 6 p. c. all the boHds being owned by R. T. co. ANNUAL REPORT,:-Fiscal year ends June 30. Annual me~ting is held ' ' · on fourth Monday m October. Full r1port for 1893-94 with balance Rlchmo~d Nicholasville. Irvine & Beattyvllle.-Line of sheet, etc., was in v. 59, p. 672, 696, 698. ro_ad-Vers~illes, Ky., t_o Beattyvpie at the~hreeForks_of the Kentucky Year end. June 301891. 1892. 1893. 1894. River, _97 miles, of which 62 miles, Versailles to IrVI?-e, Ky., are in Average mileage...... 407 512 514 519 operation. In Dec., 1891, John MacLeod w:a~ appomted re<:Jeiv!3r. Gross earnings .....•. $2,346,130 $2,643,924 $2,496,462 $2,101,318 Foreclosure.sale has bee~ pos~oned. Propos1t1on for reorgaruzat1on Net earnings......... 854,520 910,497 822,733 647,083 of the ro~d 1s under cons1derat10n. Net income........... 856,783 928,571 670,691 846,468 In .April, 1894, bondholders were t1aid to_ have made ~rrangem~nts Cnterest on bonds..... 535,500 560·,ooo 586,089 560,000. to buy the road at fore~losure and extend 1t to Beattyv~lle, 36 miles. Rental, etc............ 15,144 37,120 75,252 60,558 V. 58, p. 683. The claims against the company are said to be about Dividends 255 369 312 398 312,416 $1,000,000. Stock authorized, $2,425,000; par, $100. The guaranty · · ·· ·· ·• •• · · • ' ' placed on certain of the bonds by officers of the Louisville New Albany Total payments. . $806,013 $909,519 $932,974 $661,341 & Chicago was declared illegal by Judge Barr in Federal Court at Louisville, Ky.A in September, 1894. (See L. N. A. & c. item, v. 59, p. Balance .......... sur. $50,770 sur. $19,051 def.$86,506 sur. $9,350 473.) But in vc~ober, 1894, an appe.al was taken from this decision. -(V. 55, p. 100, -120, 1063. 1017, 1019: V. 57, p. 91, 894, 920,937. -('1. 55, p. 257, v. 58, p. 683 1036, v. 59, p. 153.) 939, 1040; v. 58, p. 384; v. 59, p. 234,672, 696, 698.) Richmond & Petersburg.-Owns from Richmond to Petersburg, Rochester & Gene8ee Valley.-Owns from Avon to Rochester, Va., 23 miles. James River branch, 4 miles. N. Y., 18 miles. Leased July 1, 1871, in perpetuity, to Erie Railway. DIVIDENDS since 1883-In 1884, 1885 and 1886. 5 per celil.t; in 1887, Rental, $34,012. James Brackett. President. Rochester, N. Y. 6; from 1888 to Jan., 1894, inclusive, 7 per cent per annum; in July, Rock 1 81and & Peorla.-Owns from Rock Island, m., to Peoria, '94, only 3 p. c. was paid; in 1895, Jan., 3 P• c. Ill., 91 miles; Rock Island & Mercer County Railroad, 22 miles; total, EARNINGS.-5 months, 1894~ ... gross, $137,009; net, $32,785 113 miles. The Peoria & Rock Island was sold in foreclosure April 4, July 1 to Nov. 30. 1893 .... gross, 126,923; net, 23,564 1877, to the bondholders. In year 1892-93 gross earnings were ANNUAL REPORT.-Fisca year ends June 30. Annual report for $682,720; net, $279,144; surplus over interest, taxes, &c., $220,035; 1893-94 in V. 59, p. 918, showed gross receipts, $366,708; net, $119,- dividends, 5 per cent. $75,000. In year 1891-92, gross earnings, 190; total net incC\me, $125,284; interest, $36,540; dividends, $65,000. $759,208. Semi-annual dividends at 5 per cent per annum have been bal., surplus, $23,744. In 1892-93 gross, $401,435; net, $146,869. paid. President, R.R. Cable. -(V. 55, p. 9'7'7; v. 58, p. 126; v. 59, p. 918, 1059.) Rocky Fork & Cook Clty.-SEE MISCELLANEOUS COMPANIES. Rlchlllond York River & Chesapeake.-Sec SOUTHERN Rome & Cllnton.-0wns road from Rome to Clinton, N. Y., 13 RAILWAY COMPANY. miles. Organized in 1869. Leased in perpetuity in 1891 to Delaware Klchmoud & West Point Terminal Railway & Ware• & Hudson Canal Co. and operated by N. Y. Ontario & W. Capital house Co.-Bee Southern Railway Company. For statement previ· stock, $3(5,360. For year ending June 30, 1894, rental, $22,375; ous to reorganization see SUPPLEMENT of May, 1894. sundry expenses, f762; dividends (614 per cent), $21,581; balance sur• Kio Grande .Tunctlon.-Owns road from Rifle Creek, Col., to a plus, $32. Total surplus June 30, 1894, $14,748. connection with the Rio Grande Western at Grand Junction, 62 miles. Rome Watertown & Ogden8bnrg.-(See Map New York OenThia is a connecting link in the standard-gauge route between Ogden tral d! Hudson River Railroad.J-Owns from near Niagara Falls to and Denver and Colorado Springs. Leased by Colorado Midland and Massena Springs, N. Y., 299 miles, less 28 miles, Richland to East Denver & Rio Grande at 30 per cent of gross earnings, which companies Oswegt.l, leased from the Oswego &Rome RR.; Richland ro Rome.41 miles; jointly and severally guarantee the bonds, principal and interest. branches to Cape Vincent, Ogdensburg, Pulaski, Fulton, etc., 109 miles; Stock is $2,000,000 (par, $100), of which Colorado Midland (Atchison) total owned, 421 miles. Leases Utica & Black River Railroad, Utica to July 1 1892, owned $737 150 (V 51, p. 829, 830; V. 52, p. 204.) Ogdensburg, and Clayton branch, 150 miles; Oswego & Rome Railroad Kio Grande southern.-( See Map Denver & Rio Grande.J-Road .as above, 28 miles; Cartha~e Watertown & Sackett's Harbor, 30 m.; completed Jan., 1892, from Dallas (new name Ridgeway), Col., on the total, 629 miles. Also trackage-to Niagara Falls, 2 miles; Fulton to Denver & Rio Grande, southerly to Durango, 162 miles, and branches to East Oswego New York Ont. & Western 12 miles. Telluride and coal fields near Hesperus, 18 miles, all narrow gauge. Built LEASE.-In March, 1891, leased during its corporate existence in the interest of the Denver & Rio Grande. Mortgage (trustee, Central and renewals thereof to the New York Central & Hudson River RR. Trust Company of New York) is for $5,000,000 at $25,000 per mile on Co., which assumes the debt and guarantees 5 per ce11t on the stock. road and equipment. See abstract or mortgage V. 54, p. 163, and For wording of guaranty see V. 52, p. 463. Stock in'lreased $500,000 application to New York Stock Exchange in full in V. 54, p. 446. On (to $10,000,000) in May, 1894. Earnings are included in lessee's . .Aug. 1, 1893, E. T. Jeffery was appointed receiver. V. 57, p. 218. DIVIDENDS.-From 1887 to February, 1891, both inclusive, at rate ol 6 EARNINGS.-11 months, 5 gross, $344,370; net, $172,460. per cent yearly; March, 1891, 20 per cent in stock; in May and thereJanuary 1 to Nov. 30. t gross, 437,606; net, 193,073. arter 5 per cent per annum guaranteed. In year ending June 30, 1893, gross earnings, $710,218; net, $310,· BONDS.-Ulica & Black River is leased in perpetuity, interest on bonds 275; other income, $53,550; int. charges, etc., $279,752; balance, sur- and 7 per cent on stock being guaranteed. The first mortgage "oonds of plus, $84,073. In 1891-92 gross, $491,607; net, $267,400; balance, sur- 1890 are guaranteed, p. and i., by the R. w. & o.; they are a first mort. plus, $127,400.-(V. 55, p. 463, 7 64, 1036; V. 57, P• 218, 1037.) on 134 miles and second mort. on 16 miles. See V. 50, p. 771. In 1893 Rio Grande Western.-, See Map.J-LINE OF ROAD-Owns Ore. $500,000 Utica & Black River firsts were issued to take up that amount vasse, Col., to O~den, Utah, 310 m, to Wasatch, Bingham, Coal Minee, of Black River & Morristown first 7s due Jan. 1, 1894. etc., 52 m.; San .t'ete branch, Thistle to Manti, 61 miles; Sevier Railway The Oswego <I Rome road is leased in perpetuity, and the second (proprietary line-all securities owned), Manti to Salina, 26 miles; mortgage bonds guaranteed "by Rome Watertown & Ogdensburg. Tin.tic Range Ry. (proprietary line, all securities owned)-Bpringville CarthaJ?e Watertown & Sackett's Harbor is leased. for 3712 per cent to Mammoth, and spurs, 53 miles; total owned, 502 miles. Leases Cre·. of gross earnings. (V. 53, p. 713,793, 1015; V. 57, p. 1124; V. 58, p. 733.)   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  f   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  .-...  ;;J 00 ~  0  ~  (€ ~  ~  1-d  ~  I ~  1 t-4  ~  JANUARY,  1895. J  11:J  RAILROAD STOCKS AND BONDS.  Subscribers -w-lll confer a great f'avor by giving Immediate notice of' any error discovered in these Tables. RAILROADS. INTEREST OR D[VCDENDS. Bo,uts-PrinciMiles Date Size, or Amount - - - - = - - - - , - - - - - - - - - - - , p a l , When Due. For explanation of column headings, &c., see notes of of Par Outstanding Rate per When Where Payable, and by Stocki-Last. on first page of tables. Road. Bonds Value. Cent. Payable Whom. Dividend.  Rome Watertown & Ogdensburg.-( Ooncl.)-  1st M., Wat. & R.,Rome to Cape Vin.,s.f.,not dr'n.c* 97 Syracuse North'n, 1st M. Syraousi, 1 o Sandy Cr.c* 45 Consol, M. (1nt. but not prin. payable rn gold) .. c. All Oswe~o Bridge and Syr. Ph. & Os. 1st mortgages 18 Norw d & Mont. 1st M., g., $360,000; $10,000 p.m. 13 B.. W. & Og.Term. RR. 1st M., gold, assume.! •. . c* 14 Oswego & .Rome, 1st mortgage, guaranteed ....... 28 2d M., gold, guar p. & i. (end) by R. W. & 0 .. c· 28 N. Falls.Hr. RR. stk., ($.!43,000own. t>y R.W.&0.) 9 Utica & Bl. Riv. st'k,7 p. c. perpet. gu. by R. W.&O. 150 Clayton & Theresa 1st mortgage ........... . ... c 16 U.& B.R.lst M., $2,000,000, g., gu. p.&i. (end.) .c 134 Rupert&Btoomsti•g-lst M.gu.p.&i.(end.)P.&R.g.c* 2 Jtutl-and-Stock, preferred .........................•. 120 1st mortgage (8 fer cent, red}.lced to 6) ......•... c 120 2d mortgage an first on rolling stock ........... c 120 First consol. mort. for $3,500,000, gold...... o*&r 120 Sag.Tuscola& Huron-lat M.,$15,000 p.:::i.,gold ... o* 67 Saginaw Valle.11 <I St. Louis-lat mortgage .... c&r 36 St. 0. Mad. & St. L. Belt-Alton Br. 1st M., g.,text.c* Bt. Joh,usoury & Lake Ulutuiptain-Common stock .. Preferred stock .................•................... First mort. , ($1.,328,000, guar. by B. & M.)gold.c* isi St. Joseph d! Grand island-Stock ................ . .. 1st mortgage, gold., interest guar. by U.P ...... c* 252 2d mortga e, inco111e, gold ...................... o* 252 Kan. C. & • RR. lstM. ($15,000p.m.)g.,int.gu.o*&r 196 Bt. L.Alton& Springjield.-BEE ST. LoUIS CHICAGO & 8T. PA St.Louis.Alton& Terre Haute-Common stock ....•.. ist .M. and term'l ($2,500,000), g., red. at 105.c,.&r ·1-1  8  1855 $100&c. 1,000 1871 1874 1,000 1885 1886 1888 1:000 1,000 1865 1891 1,000 ·100 '68·71 1873 500 &c. 1890 1,000 1,000 1889 100 i872 100 &c. 1878 100 &c. 1,000 1891 1891 1,000 1,000 1872 1,000 1893 50 50 1,000 i894 100 1,000 iss5 1,000 1885 1887 500 &o. UL. 100 is9·4 1,000  Kutland.-Owns from Bellow' s F alls, Vt., to Burlington, Vt. , 120 miles. This road has been through many changes. LEASED in 1890 for 999 years from January 1, 1891, to the Central Vermont, the rental now being $365,557 per annum; this will be increased as new equlpment and other permanent improvements are put upon the prop· erty to $370,000 per annum, payalJle monthly in gold. The net inoome will pay 4 per cent on the preferred stock now, and after the funding of ex.istlllg mortgages may p a y 5 per cent.· See V. 53, p. 124 STOCK.-The Delaware & Hudson owns $3,000,000 of the preferred and $1,000,000 oftbe $2,480,600 common stock, par $100. DIVIPENDS on preferred stock sinoe 1882: in 1884 and 1885, 1; in 1886 and 1887, 112; 1n 1888, 1; in 1889, 112; in 1890, 3; in 1891, 2; 1n 1892, 4; in 1893, 4 p. o.; in 1894, 4 p. c.; in 1895, Jan, 2 p. o. BONDS.-The second mortgage is a first lien on rollin"' stock and per• eonal property. The consolidated mortgage (trustee, U. 8. Trust Co. of N. Y.,) is ror $3,500,000, but of this$3,000,000 can be issued only as prior bonds for like amount retired. ANNO.AL REPORT.-The annual report for the year ending June 30, 1894, whiuh was in V. 59, p. 115. stated that $33,252 had been ex:pended during the year for bridges; "cas h borrowt:d temporarily," ~204,246. lV. 55, p. 255; V. 57, P · 180; V. 59, p. 115,) aii.!aglnaw Tuscola &: Hnron.-Owns rrom Saginaw, Mich., to ~ .Bad Axe, 67 miles. Opened as a standard gauge road .June 29, 1891. Common stock authorized, $600,000; par $100. No first morts.ra.~e bonds had oeen Rold to January, 189!, but the $1,000,000 i · sued Wdre held as collateral ror the floatiag debt. Wm. L. Webber, Pres., Saginaw. EARNINGS.-11 months, t 1894 .......•. gross, $111,021; net, $33.604 Jan. 1 to Nov. :iO. 51893 ......... gross, 117,183; net, 35,945 In year 1893 gross, $1:t5,729; net. $J8,474; from quarries, eto., $4,208. In year 1892 gross, $123,765; net, $36,533. Sag:lnaw Valley&: St. Louls.-Owns from Ithaca to Pains, Mich , 36 miles, and leases Alma to St. Louis and Pains to Saginaw, 9 miles; total, 45 miles. Opened January, 1873. Operated in connection with Detroit Lansing & No. Coupon due Nov. 1, 1893, was purchase<l not paid. Stock authorized, $300,000; outstanding, $264,804; par, $100. EA.RNINGS.-11 months, ) 1894 . ......... gross, $78,936; net, $20,649. Jan. 1 to Nov. 30. ~ 1893 . ..... . ... gross, 85,762; net, 25,460. Defkit under 7 months' charges, $9,900 m 1891, against def., $3,192 in 1893. 1n 1893 gross, $!:12,554, a){ainst $94,063 in 1892; net, $27,517, against $24,272; other income. $1,604; charges, $42,680; deficit, $13,55!:J, against deficit of $16,907 in 1892.  $417,800 500,000 9,076,000 275,000 130,000 375,000 350,000 400,000 250,000 2,223,000 200,000 1,750,000 50,000 4,239,100 1,468,100 1,491,900 540,000 See text. 446,000 500,000 2,550,090 1,298,500 2,068,000 4,600,000 6,998,000 1,679,000 2,713,000 3,4!5!5,800 2,200,000  6  i  5 6&6g. 5 g. 5 g. 7 5 g. 7 per an. 7 per an. 7 4 g. 5 g. 4 per an. 6 5 41.gg. 5 g. 8 5 g.  M.& 8. N. Y., Gd. Cent. Station J. & J. do do A. & 0. do do F. &A. do do A. & 0. do do M.&N. do do M.&N. do do F. &A. do do do do M:·&·· 8. do do do do J. & J. do do J. & J. Phila.delphia. J. & J. J. & J. Rutland, Clem. Nat. Bk. M.&N. Boston, Globe Nat. Bk. do do F. & A. J. & J. N. Y., U. S. Mort'ge Oo. M.& 8. SeA text. M.&N. J. & J. N. Y., Central Trust Co.  Sept. 1, July 1, July 1, Feb. 1, ~r. 1, ay 1, May 1, May 1, Nov. 1, Sept. 29, July 1, July 1, July 1, Jan. 2, Nov. 1, Aug. 1, July 1, Sept. 1, May 1, July 1,  1910 1901 1922 1915 1916 1918 19151915 189418U4. 1898 1922 1919 1895, 1902 1898• 194li 1931 1902 1933!  ..5.g, M:·&.. S . Boston, Comp'ys Office. Moii: l,--i944.I"tfg. M:·&·N. Nov., '93, coup. last pd. Ma.y ..1;·i925, July 1, 1925 See tex:t. 5 g. J. & J. 5 g. J. & J. July, '93, coup. last pd. Ja.n. 1, 192'1 ··5·g. J_..&..D. N. Y., State Trust Co.  June·1;·i9u;  KANSA.S CITY & O~IA.HA. bonds have interest guaranteed by St. Joseph & Grand Island and Union Paoiflo under a perpetual agreement. tor operating the road. The Union Paoiflc owns $1,595,500 bonds and $1,725,375 of the ' $4,410,000 stock of the Kansas City & Omaha,. a.nd St. Jm1enh & Grand Island owns $1,822,500 stock. Coupons due. Jan. 1; 1894, were not paid. Bondholders' committee: F. P. Olcott, E .. C. Benedict, Simon Wormser anc'l 8. L. Parrish; depository, Central Trust Co., N. Y. V. 58, p. 1072; V. 60, p. 43, 44. .. EA.RNINGS-11 months, t 1894 . ... ... gross, $728,321; net, $176,735 Jan. 1 to Nov. 30. { 1893 ....... gross, 900,968; net, 297,470 * These earuin~s are on 251 miles, and do not include Kansas City&. Omaha. See Umon Pacific. In 1893 gross earnings, $1,005,698; net, $337,912; otherincome (including guaranty a ccount $145,888), $147,650; ta.x:es, $64,276; interest on bonds, $.!'2 0,000; corporate expenses, $1,236; due Kansas Cit,v & Oma.ha under traffic agreement, $112,355: deficit for :vear, $112,355. In 1892, gross, $1,085,813; net, $416,517. V. 59, P ~ 291, 541; V. 60, p. 43. st. Louis Alton &: Terre Hante.-Operates the" Oairo Short Line" route from St. Louis, Mo., across the coal fields of Southern lllinois to Paducah, Ky., with branches.  Projwielary Line-  Miles.  I  Leased Lines-(Ooncl.)-  Miles.  E. st. Louis to Belleville, Ill... 15 st. Louis southernLeased Lines, Pinckneyville to Carbondale. 30 Belleville & southern IllinoisCarbondale & s awneetownBelleville to Duqnoin ........ 57 Carbondale to Marion........ 17. Belleville & Eldorado-Chioag-o St. Louis & Paduoa.hDuquoin to Eldora.do . ........ 50 Marion to Paducah, eto ...••• 53· Belleville & CarondeletBellevilletoEastCarondelet. 17 Total operated.. . ........... 239ORGA.NIZATION.-Suooessor to the Terre Haute Alton & St. Louis solct in foreclosure in 1861. In October, 1890, the main line, 193. miles, which had been leased to the Cleveland Cincinnatt Chica.go & St. Louis was sold to that company for $10,000,000 of 4 per cent lOO•year gold bonds. See below and V. 51, p. 52, 114, 383, 4'94. DrVIDENDS.-On preferred. In 1881. 3 p . o., and 55 in bonds; 1882 to 1885, 7 yearly;. in 1886, 2~; in 1888, 114; 1n 1889, 1; none since. READJUSTMENT OF BECURITIES.-To retire the preferred stock ($1,170,8001 and dividend bonds, ($1,357,000) the company received la payment for its new 5 p . o. bonds at 101 p er cent ( 1) Di viden<I bon<is at 8012 per cent of theit' par value; (2 ) Preferred stock at 1='>812 p. c. ot St. Clair Madison &: St. Loni" Relt.-Projected to run from its par plus dividend accrued si nce Oct. 1, 1894. Preferred stockhold· a point in St. Charles County, Mo., to Belleville, Ill., a.bout 40 miles via ers rt>ceiving in additwn one share of common for each share of prebridge across the Mit-Bissippi River tit Alton, Ill. ln October, 1894, the ferrP<l. 80 Pxchanged. v. 59. p. 782. bridge and i> miles of roa.<l were:completed. The brid ge is 2,100 feet Under the above plan the only flecurities outstanding a.re--Capite.l long and laid for double•track. '£he l). B. & Q., Clevela nd Cin. Chio. & stock, $3,470,800; 1st mortgage bonds, $2,500,000. ln Jan., 1895, only St. L. and Missouri K. & T. roads have contracts to use the bridge. $15,000 old preferred wa~ outstaodmg. STOCK AND BONOS.-Authorized stock is $500,000; in Nov., '94, no STOCK AND BONDFI.-The sale of the main line did not a.ff'ect the status atock bad been is1:med. First mortgage bonds are subject to call at 105 of this company's securities. Of tlie $10,000,000 bonds received, S290,a,nd interest at any time on 60 days' notice. 000 are in sinking fund for loan it elf and $6,700,000 were issued for President, E. F. Leonard, Peoria., Ill.; Secretary, .John G. Chandler, prior bonds m ;, turing July 1, 1894. 800 North Fourth St., St. Louls, Mo. The new first mortgage authorized in June, 1894, eovers the comSt. J ohnsbnry &: Lake ChaJDJ,>l&in.-Owns from Lunenberg, p a ny's valuable 1 ea l est a te in St. Louis and the 14 miles of road owned,. Vt., to Maquan Bay, on Lake Champlarn, 120 miles, and branch from al s o equipment (on which are no car trusts) valued at $800,000. The, North Concord, Vt., to East Haven, 11 miles; total, 131 miles. Re 1r• bonds are redeemable at 105 per cent on one year's notice. ganized in 1880. The road is operated independntly althougn a m a.iorLE.ASED LINES-Belleville ti So. nlinnis is leased for 999 years-rent~' ity of the stock i owned by the Boston & Lo well, which is now leased to the Boston & Maine. 40 p. c. of gross earnings up to $7,000 per mile (except on coal, &o.)t The new nr-ts were issued to retire :prior bonds and other obli"'a· 30 per cent above $7,000 and up to $14,000 per mile, and 20 per oenli tione; amount authorized, $2,500,000; issued in March, 1894, $2,068,- on any excess of $14,000: Interest and si~!-!' f_und guaranteed. ooo, oI which $1,328,000 are guaranteed by the B . & M. In year Common stock of Bell~~e & Southern Ilhno1s 1s $417,000 and pre-endin"' June 30 18Ha. ~ross earnings were $367 338 again s t $391 468 ferred $1,275,000, and diVIdends on preferred stock ha".'e been smce, in 1892; defl.oit,'$39,736, against$13,511; intere~t. &c., $53,790; deficit ~886-6¾ ~ 1887; 6¾. in 1888 ~nd 1889; ill 1890, 82;;; rn 1891, 8·53; under char.,.es $93 526. Total deficit to June 30 1893 $614 704. 1 rn 1892, 8; ~ 1893, 8 per cen~; m May, 1894, 4 per cent: Nov., 4 p. o. 0 ' ' ' ' . ' • , The Belleville & Oarondelet 1s leased for 983 years from June 1, 1883. St. Joseph &: Grand Island.-( See Map of Union Paci_fic,)- at a. rental of $30,000 per year, w~oh is a guarantee of interest on th& Ln;E .oF ROAD-St. J~seph, Mo., to Grand Island, Neb., ~51 miles, Kan• bonds, the stock of $500,000 belll"' owned by the St. L. Alt. & T. H. eas Cio/ & Omaha Raip:oad, Stromsburg t_o Alma., 150 miles and McQool The Belle-,,ille & Eldorado is leased for 985 years from July 1, 1880,. Junction to Kansas City & Omaha Junction, 44 miles; total, 445 miles. at a rental of 30 per cent of the gross earnings but $15 400 per year HISTORY, GUARANTY, ETc.-Operated by Union Pacific, which owns guaranteed. Stock, $1,000,000; par, $100. The St. L/,,uis Southern $2,301,500 of the $4,600,000 stock (par, $100), and guarantees interest Railroad (including Oarbondate & Shawneetown) is leased for 980 years on first mortgage. Net "accounts payable" Jan. 1, 1894, $422,700. for 30 per cent of gross earnin"'S, minimum to be $32,000, and interest In January, 1892, a new adjustment was made with Union Pacific by on bonds being guaranteed to ihat extent. Stock $500,000 (par $100). which $35,000 is deposited monthly for interest on the 1st mortgage listed in New York in Dec.. 1892. Dividends paid: In 1892 to 1894, inbonds and the St. Joseph & Grand IslMld is not responsible for more elusive, 5 p. o. yearly in March. The St. Louis Southern con -ol. 1st than half the interest on the Kansas City & Omaha bonds. As to in- moitgage of 1894 is for $1,325,000 (~eroantile Trust Co., trustee) of comes see V. 54, p. 79, 965. In Oot., 1893, the U. P. went into receivers' bonds authorized to redeem all the prior bonds, includin~ Carbondale hands, but coupons of this company due Nov. 1, 1893, were paid Jan., & Shawneetown firsts. In year 1893·94 rental was $8~,813, against 1894. Coupons due May 1, 1894, were not paid at maturity. $80,156 in 1892·93. The Chicago St. Loiiis cf Paducah is leased BONDHOLDl:!:RS' 00:ttMlTl'EE.-F. P. Oloott, Chairman, 54 Wall St., N. for 978 years fr(?ID .March, 1888, 8;t 30 per cent ot gross earnings, with Y., Bernhard Mainzer, William L. Bull, of N. Y., and Gordon Abbott, guarantee of prmo1pal and renta.. to pay !frst mortgage interest. (V. Old Colony Trust Co., Boston, call for deposit of 1st mortgaqe bonds 47, p. 801.) The first mortgage bonds on this road are redeeml\hie atte1 with Central •.rrust Co., N. Y., or Old Colony Trust co., of Boston. De• September 1, 1892, at 105. In March. 1892, 2 per cent was paid on posits subject to penalty after July 31. In January, 1895, Central second mortgage incomes and Nov. 29, 1893, 1¾. per cent. Trust Co. receipts tor $4,130,000 firsts had been listed on N. Y. Stock GENERAL FIN.ANCES.-On July 1, 1894, the $6,700,000 or 7 per oents Exchange. V. 59, p. 541. Petition for foreclosure of first mort11age matured and were paid. When the plan given above is oarried oui waa tiled by t . ustee Dec. 31~ 1894. A separate receiver is asked for. the c. C. C. & St. L. bonds remaining m the treasury of the oompa.ny -V. 60, p. 44. will be available for improvements, etc. :Wl8,   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  I I  --  INVESTORS' SUPPLEMENT.  116  [VOL, LX,  Subscribers will confer a great favor by giving llnmedlate notice of any error discovered In these Taltlel!I. Bonds-Print iINTEREST OR DIVIDENDS, RAILROADS. Miles Date Size, or Due. Amount Rate per When Where Payable, and sy pal,When Par Outstanding of Stocks-Last For explanation of column headings, &c., see notes of Cent. Payable Road. Bonds Value. Whom. Dividend. an first page of tables.  ---- ---  - - ---· - - -  St. Louis .Aiton & Ter1·e Haute-(Concliided.)LEASED LINES. 57 1866 $1,000 Belle. & So. m.-lst M. (int.,uar.) s. f., not dr'n.c* 17 1883 1,000 Belleville & Carondelet, 1st .,Belle.toE.Caron.c• 51 1880 1,000 Belleville & El Dorado-1st (int'estguaranteed)c* 51 1880 1,000 2d mortgage, Du juoin to Eldorado ..... .. ... c: 30 1886 1,000 St. Louis Southern- st mort., gold, int. guar ... c 30 1886 1,000 2d M., inc., non-cum., Pinckneyv. to Carbond.c* 1,000 17 1887 Carbondale & Shawneet'n lstM., i,,int. guar.c* 1,000 30 1894 Consol. mortgage, gold ($1,325, 00) .... . ... c* 1,000 Chic. Bt.L.& :Paducah 1st M., g.,red at 105 guar.c* 53 1887 2d M., g., inc. (non-cum.) Marion to Pad.& br.c* 1,000 53 1887 Bt. Louis tt Cairo-1st M.,Jiold, int. guar. M. & O.. c 161 1886 500 &c. 8t. Loii. Cape Gfra1·d'ii & t. Smith-Old div. bonds 1880-5 1,000 1,000 Cape Girardeau 8.W. consol. mortgage ....... gold ·94 1888 Arkansas Extension 1st mortgage, gold ... c*&r 1,000 65 1890 Bt. Louis Chic. & St. Paut.-Rec'rs' cert. ($400,000) 1893 1st mort.ftage, $1,250,000 gold ................... c 102 1892 St. Louis ndianapolis & Eastern-Stock . .••..•.... ....... .... ....... First mortgage .... . ............................ .. .. St. Louis Kennett & Southern.-lst mort., gold ... c* ·20 Bt. Louis Merchants' BridKe Terminat.-lst M., g .. c .... 1890 500 &c. Merch.Bri~elstM.,re .afterFeb.1, 1909, atll0 . 1889 1,000 IJt. L. cl San an.-See Atchison T. & S. Fe system. 8t. Louis Southwest.ern-Common stock ...........•. .... 100 . 100 Preferred stock (5 per cent non-cumulative) ...... 1,000 1st mort. certi.fl.cates, $16,500 p. m., gold ...... c* 1,222 2d M. income cert., $10,000,000,non-cum., gold.c* 1,222 1890 500&c. Car trusts July 1, 1894 ............................ 1891 various St.Louis Van. d!TerreH.-lstM., guar. s.f. notdr.c* i58 1867 1,000 2d mort., sink. fund, not dr'n ($1,600,000 guar.) .c* 158 1868 1,000  i",ooo isoi i:ooo  ---  --· isoo  Company owns $500,000 Belleville & Carondelet stock, $900,000 Ch St. L. & Paducah stock and $500,000 of the lat