Full text of Commercial and Financial Chronicle : January 27, 1912 : Electric Railway Section, Vol. 94, No. 2431

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

Electric Railway
S E C T I O N
OP THE

C

o m m e r c ia l

&

F

in a n c ia l

^

h r q n IclI

Copyrighted In 1912 according t o Act of C on greaa, by WILLIAM B. DANA COMPANY, In office of Librarian of Ooncrece, W aehlngtoe, D. O.

Vol. 94.

NEW YORK, JANUARY 27, 1912.

E l e c t r ic R a i l w a y S e c t io n .
The Electric Railway Section, Issued three times a year, In January,
May and September, Is furnished w ith o u t e x tra cha rge to every annual sub­
scriber of the Commercial and Financial Chronicle.
The Railway and Industrial Section, Issued three times a year on the last
Saturday of February, June and October, Is also furnished w ith o u t e xtra
charge to every Chronicle subscriber.
The Railway Earnings Section, Issued monthly, containing the sworn
returns of earnings and expenses hied each month with the Inter-State
Commerce Commission, Is likewise furnished w ith o u t e x tra charge to every
annual Chronicle subscriber.
The State and City Section, Issued semi-annually on the last Saturday
of May and November, Is also furnished w ith o u t e x tra cha rge to every
subscriber of the Chronicle.
The Bank and Quotation Section, Issued monthly. Is also furnished
w ith o u t e x tr a cha rg e to every subscriber of the Chronicle.
The Bankers’ Convention Section, Issued yearly, giving the detailed pro­
ceedings of the annual convention of the American Bankers’ Association,
Is likewise furnished w ith o u t e x tr a charge to Chronicle subscribers.
Terms for the Chronicle. Including the six Supplements above named,
are Ten Dollars per annum within the United States, Thirteen Dollars
(which Includes postage) In Europe, and $11 50 in Canada.
Flic covers for the Chronicle arc sold at 50 cents each; postage on the same
s 18 cents. File covers for Supplements can bo had at same price.
CHICAGO OFFICE—Pliny Bartlett, 513 Monadnock Block.
LONDON OFFICE—Edwards & Smith, 1 Drapers’ Gardens, E.C.
WILLIAM B. DANA COMPANY. Publishers.
Front Pine and Dcpcyster Streets,
Post Office Box, 058.
New York.

THE PRESENT POSITION IN ELECTRIC
TRACTION DEVELOPMENT.
Though no startling innovations were conspicuous
during the past year in electrical development, so far
as electric traction is concerned, the twelve-month
may be regarded with some satisfaction as one of
steady progress. No doubt the pressure of general
industrial conditions tended to curtail schemes of
electric railroad expansion, and consequently railway
managers were prevented from engaging in more am­
bitious operations, such as a greater degree of prosperity
would have warranted. Electrical engineers had
their activities to a certain extent restricted. Econ­
omy was the watchword, and manufacturers of appa­
ratus and equipment for electric traction perforce
contented themselves with improving the machinery
already established in type. A greater advance was
made relatively in standardizing and perfecting exist­
ing models than in introducing new inventions. The
regular operation, moreover, of electric railways in
cities and in long-distance systems, without any ex­
traneous disturbance to speak of, enabled the managers
of these roads to record data of efficiency and unit
cost which must materially assist the electrical indus­
try, and with the diffusion of such knowledge allow
of much more rapid progress when the expected
period of activity arrives.
In the field of applying electric power, the progress
of central stations has been specially noteworthy, as
improvements have been effected in the load factors
by the better arrangement of apparatus and the in­
stallation of more powerful and efficient machines,
such as turbines. As the question of power cost is



No. 2431.

such an important item in the preliminaries of any
traction proposition, it is evident that, from the stand­
point of economy, the more complete and accurate
systems of c osts available to-day must be of the utmost
service in framing trustworthy estimates. The appli­
cation of electricity has widened on every hand in the
past year and has given abundant evidence of the
utility, reliability and satisfaction of the electric drive,
which is now put to uses almost beyond number in
connection with railroading.
One marked feature of the year was the well-proven
success of the electrification of sections of trunk
railroads, such as the New York division of
the Pennsylvania RR., and the Hoosac Tunnel.
I1resli confidence has been gained and engineers may
look forward to the completion of the Boston Sub­
way, the New York Westchester & Boston RR. and
other similar undertakings in the present year with
sure anticipation of corresponding satisfaction. Hav­
ing authorized the extension of the New Haven’s elec­
tric zone from Stamford to New Haven, that company
hopes to have electric trains in operation between
New York and New Haven by next December, adding
41 miles to the trackage already electrified. No de­
tailed comparison is yet forthcoming from the New
Haven regarding its present steam and electrical
equipment, from either an operating or expense stand­
point, as the results as yet are obscured by mixed
steam and electric service and by the short length of
the electric zone. In England, however, the experi­
ence of the London Brighton & South Coast Ry.
promises to give decisive support to the plan for the
electrification of the main line, soon to be put before
the directors. On the Crystal Palace branch, opened
last May, the increase in the passenger traffic carried
in seven months was 70%, while the South London
line, which had suffered a great decline from the com­
petition of the municipal street tramways, has in two
years of electrification more than made good its loss.
Under the extension scheme, express trains will be
run from London to Brighton, 51 miles, in about 45
minutes, and it is proposed to provide all branches
with steam, gasoline or electric motor car service,
operated at frequent intervals, to connect with the
main-line trains making stops at the junction points.
Mr. Philip Dawson, the consulting electrical engi­
neer of the road, takes these operating and financial
achievements as amply justifying his original selec­
tion of the single-phase system in 1903, when its merits,
though recognized for long-distance, were not estab­
lished in comparison with the direct-current system
for urban use. The whole case of long-distance elec­
trification, as Mr. Dawson has been able to show most

2

ELECTRIC RAILWAYS

effectively, rests upon cheap energy and efficient dis­
tribution. He concludes that railways should be able
to buy alternating current energy at from 0.8 cent to
0.9 cent per kilowatt hour delivered. Owing to the
loss in conversion and overhead charges on sub-sta­
tions, this cost would be increased with the directcurrent system to from 1.2 cent to 1.35 cent, the cost
of current representing from 50% to 00% of the total
locomotive charges per train mile. Equally instruc­
tive are his results that the annual cost of maintenance
and repairs of electric locomotives should be less than
one-half that of steam locomotives, that five electric
locomotives can do the work of eight steam engines,
owing to the saving in time required for coaling, clean­
ing and watering, while the general expenditure on
the maintenance of stations and bridges may be les­
sened by the absence of smoke and gases. That the
London & Northwestern should have decided to elec­
trify its London city and suburban lines is another
significant indication of the present tendency.
To meet the special conditions of the N. Y. N. H. &
Hartford Co., several improved designs and modifica­
tions were introduced last year by the equipment com­
panies. The Westinghouse Company, in particular,
developed three types of locomotives in which much
greater simplicity is gained in the control system and
other details than is found in the original forty-one
locomotives furnished to the company. Eight motors
are now employed on a locomotive, a two-coil trans­
former greatly lessening the chance of a breakdown.
In alternating-current generators, a standara has
been reached after exhaustive research and investiga­
tion, which gives a practicable, service-tried type of
construction that answers to widely-varying condi­
tions of capacity and speed. Generators connected
to water wheels have made an exceptional advance in
that, unlike generators driven by other prime movers,
they may be now used to operate at speeds extreme
in both directions. A generator of 4,000 kva.,
for instance, may be called upon to operate at a speed
of less than 100 revolutions per minute, or higher than
514 revolutions per minute.
Interpole engine type generators, operating at very
low temperatures with almost perfect commutation,
rotary converters for high-voltage service, alternating
to direct current synchronous motor-generator sets,
the largest size being of 2,000 k. w. rating, as dupli­
cated for the Rio de Janeiro Tramway, Light & Power
Co., outdoor oil circuit-breakers for voltages from
40,000 to 11,000, and improved insulators, have all
made steady progress in manufacture. It is in these
intermediary machines, giving the operator a greater
mastery and a surer control over the electric current,
which lie is annexing to almost every service of mod­
ern civilization, that the advance has been most de­
cided.
THE SIZE LIM IT OF TURBO-GENERATORS FOR
POWER TRANSM ISSION.
The recent starting of a 20,000 kilowatt turbo-gen­
erator in New York was an event of the first importance
in the development of electrical power generation and
transmission. The first of the three prime movers
installed by the New York Edison Company at its
Waterside Station No. 1 is in successful operation, and
is at present actually the largest unit of its kind in the
world. With its fellows, the station will be equipped
with three turbines aggregating 00,000 kilowatts,
occupying a space formerly taken up by four 3,500



IVOL. LXXXXIV.

kilowatt engine-driven units, the increased capacity
of 46,000 kilowatts showing the immense gain made.
Chicago will quickly have in use a rival installation of
the same size unit for the Commonwealth Company.
In that city circumstances lend themselves to the
utilization of these immense generators for traction
purposes more readily than in New York, where the
electric subways and street railroads provide sufficient
power from their own plants. The question naturally
arises how far the example of the two greatest cities
of the United States will be followed in the other big
towns of the country and also in foreign countries, if it
is found that units of this, and even greater, size are
economically valuable and proportionately more prof­
itable for generating electricity for lighting, traction
and commercial purposes generally.
The fact that the metropolitan area of London is
divided among twenty-seven different electrical com­
panies, with their individual plants, has created from
the start conditions wholly different from those pre­
vailing in New York. It is unlikely that the central
stations in London will rank with the few big ones
now established in New York. On the other hand,
the great value of every square foot of ground on the
Island of Manhattan makes it probable that, as the
city’s requirements and use of electric power grows,
bigger plants will be installed outside the city and
high-tension current will be transmitted from a dis­
tance. With this prospect, it is conceivable that the
most economical operation might be obtained from a
few units of great size, capable of generating an
amount of electricity sufficient to satisfy the heaviest
load the city might need for traction, lighting, fac­
tories and other utilities, such as elevators, with the
proper number of transformers and converters in the
distribution system. The recent announcement that
capital is being raised for the erection of a power sta­
tion on the anthracite coal field, using low-grade waste
coal at the mouth of the mines for generating elec­
tricity, with a view to the transmission of high-tension
power ultimately to Philadelphia and New York, in­
dicates that practical steps are already being taken
in this direction.
At the present time it is estimated that Greater
New York is consuming daily between 000,000 and
700,000 kilowatts, or the average equivalent of 900,000
horsepower. Of this quantity the Edison Supply Co.
furnishes between a third and a half from its several
stations. According to the latest compilation a few
months ago, the number of incandescent lamps lighted
by the company in Manhattan and the Bronx of 16
candle-power is 4,784,352, the arc lamps number
37,304, vapor arcs, 1,010, heaters 2,157 kilowatts
and storage batteries 8,358 kilowatts. The motors
operated with the power supply represent 298,937
horsepower. These motors are not classified for dif­
ferent classes of service; but among the innumerable
trades and occupations which find a habitat in New
York—the most diverse manufacturing centre in the
world—there are very few to which electric motors
have not been applied.
All kinds of services demanded by the industrial,
social and domestic requirements in every section of
the city, it may be generally stated, are now furnished
with electric power. It lights, heats, cools with fans,
lifts, draws, cooks, vitalizes and destroys. It is
worth while recounting what each of these 20,000 kilo­
watt—equivalent to 30,000 horse-power—turbines can
do and what are its requirements. It will generate
capacity sufficient to light up contemporaneously

.Jan .. 1912. J

■»
r

♦

ELECTRIC RAILWAYS

3

more than 1,000,000 incandescent metallic-filament most vital and essential element in electrical operation
lamps of 10 candle-power. It would drive across the —are claimed to be on the side of the turbine as the
Atlantic an ocean liner like the Olympic. It concen­ size increases. The central station power company
trates in one unit power represented by thirty of the which proposes, therefore, to supply power for traction
largest express locomotives and a line of horses six purposes as well as for industrial plants will find this
abreast ten miles long. To obtain this generation, a valuable consideration.
the turbine will use 7,200,000 pounds of steam per It remains to be seen where will arise the limitation
day, and, at an evaporation of nine pounds of water of size in these prime movers. In densely-populated
per pound of coal, 400 tons of coal must be burned cities like New York, where there is little space within
per day in its use. This means the consumption of the city’s area unutilized and where the city’s map
86.000. 000 gallons of condensing water per day, or, is definitely laid out in blocks of a regulation size,
for the three units, almost as much water as is re­ alteration of present power houses by increasing their
quired for the daily water-supply of the whole city. size, to admit the increased size of machinery, may
To cool the generating windings, each unit requires be prohibitive. Owing to the size of the city block
80.000 cubic feet of air per minute, or a daily total of in New York, it is estimated that only half a square
115.000. 000 cubic feet.
foot is available for a kilowatt of capacity. Chicago
It is remarkable, taking the New York and Chicago and Boston, however, having more free ground,
20.000 kilowatt turbo-generators as an illustration, reckon V/2 feet as available. Younger cities, in mak­
how-consistently the development of the distribution ing provision for the future, should either make their
of electrical energy has followed the course marked plans accordingly or place their stations well outside
out by engineers in the early days of the electric in-, the city’s limits, if water and fuel, can be obtained as
dustry, a quarter of a century ago.
cheaply as under the other circumstances.
As soon as the limitations of the direct-current high- The essential auxiliary equipment of boiler and entension transmission were recognized, and the alter­ gineroom for the greater size generator units is an­
nating-current transformer had been brought into other factor that may be decisive against much in­
the field, the problem was solved by the inventions of crease in magnitude. There is also the difficulty in
Gaulard and Gibbs, who devised a high-efficiency di­ transportation, as the great weight of the parts of the
rect-current auto-commutating machine, which was machinery is taxing the present capacity of the rail­
a self-starting, single-phase, 50-cycle, rotary converter. roads. Much in the same way, the growth in the size
This system, it may be recalled, was first demon­ of steamships has approached the limits of channels
strated at the Turin Exhibition of 1884, where a 30- and docks, so that advantages of economical operation
h. p. 2,000-volt single-phase alternator was shown, are lost in the excessive charges incidental to securing
feeding a single-wire transmission circuit 48 miles it.
long, having connected in series along its route a num­
ber of transformers of the Gaulard and Gibbs type, TRACK CONSTRUCTION AND THE LIFE OF
feeding at different voltage through their secondaries
RAILS.
a variety of incandescent and arc lamps. The results, Track construction has been claiming a greater share
as Mr. Philip Torchio pointed out ten years later to of attention at recent electric railway conventions,
the International Electrical Congress at St. Louis, both in the United States and Europe, than has been
attracted the widest attention among engineers, and noticeable in former years. General managers and
gave the clue for the system of distribution by com­ engineers, it would seem, have formed a common con­
bining the properties and advantages of the alternat­ clusion that, in the general rise in the cost of operation,
ing current and direct system which is being generally keener scrutiny should be devoted to the composition
followed to-day, and is applicable to traction and of the roadbed and to the quality and maintenance of
other purposes besides lighting. In no essential fea­ the rails employed for the tracks. By some it is
tures has the system as developed departed from the asserted that at the present time the track is the least
general lines conceived in the early eighties. The satisfactory part of the equipment of an electric rail
problem of distribution was narrowed down to the way. Rail corrugation in the rails laid down for our
consideration of the engineering and commercial fea­ street lines is a subject of as much importance as in
tures. Development has taken place along sure lines the tracks of the steam railroads. As the electric cars
in recent years, in increasing the size of the units of employed in city and suburban traffic and on the long­
apparatus, improvements in the transmission and in distance inter-city lines have increased in weight and
the invention of minor accessories. It remains true speed, troubles with the rails have developed, unknown
that there has been little revolutionary in the devel­ in the early days of electric railroading. Information
opment of the means for the transmission of power. as to the wear and behavior of rails under electric
Much of the work in this direction during the last few traction has hitherto been scanty and unsystematic.
years has been of an unobtrusive character, mere ex­ The standards and specifications that have been laid
tension, without material change of what had gone down for the rails supplied in England, according to
before.
the best expert authorities, are not such as befit the
Since the introduction of the turbine, nothing has latest conditions. Here in the United States ques­
been a more striking illustration of the saving in space, tions of the value of the physical properties of a road,
while gaining an increase of power, than the installa­ the wear and tear due to the operation of heavy inter­
tion of the large-size generator. The three 20,000- urban cars, the cost of repairs to the track, and its re­
kilowatt turbines, which will all be in operation at the placement, matters of obsolescence and depreciation,
Waterside Station in the present year, give approxi­ arc constantly cropping up in the applications made
mately four times the power formerly obtained from to the public service commissions and in the course of
the same floor space. As compared with the recipro­ their investigations. . Hence the importance attached
cating engines which the turbines have generally dis­ by the accounting departments of electric railway cor­
placed, the advantages in economy of labor, cost of porations to such matters as the life of the material
operation and in reliability of the prime mover—the used and of property like ties, trolley wire and rails.




[VOL. LXXXX1V.
E L E C T R IC R A IL W A Y S
At the Atlantic City convention, it was wisely de­ into the construction, together with the date of in­
cided that the accountants’ and engineering associa­ stallation and dates when repairs were made, should ap­
tions should co-operate in the collection of information peal to the officers of every electric road aspiring to
of this nature, obtained by carefully kept records, on sound economical operation. The papers put before
which to base a report next year. The reports pre­ the New York State Association Convention from the
sented at the Glasgow meeting of the Municipal Tram­ auditing and engineering standpoints, on the life of
ways Association by the permanent engineers of the railway physical property, presented the case for
Glasgow, Manchester and Leeds corporation street co-operation in a convincing manner. The data sub­
railway systems brought together answers in reply to mitted by Mr. F. A. Bagg, Chief Engineer of the Fonda
a number of questions sent to electric railroad engi­ Johnstown & Gloversville RR., affords a basis for
neers throughout Great Britain, as to the rails used, comparison which will doubtless be useful to operating
the construction of track and the methods employed engineers of systems in every part of the country.
in repairing worn parts. From the answers received Thus, the rails in paved streets of cities up to 25,000
it is apparent that, though the British standard sec­ population, with a weight of 70 pounds or less, is given
tions of rail in one or other of its forms has been gen­ a life of 1-1 years; the rail on interurban lines, weight
erally adopted by the larger systems, and is popular, GO pounds or less, a life of 15 years. Ties in open
yet several alterations are required to keep the rails track, if of cedar are credited with a life of from 15 to
abreast of the times, and that in several points modi­ 20 years; if of yellow pine from 10 to 15 years, and if
fications and revisions should be attended to without treated, 25 years or more. Wooden bridges are sup­
delay. An investigation by the Engineering Standards posed to have a life of 20 years and steel bridges 30
Committee into the several improved methods of pro­ and over. Ashlar concrete bridge masonry is esti­
ducing alloy steels, with a view to determining a mated to enjoy a life of a hundred years and over.
standard quality of steel for tramway rails, was, in Asphalt'pavement should be good for from 10 to 15
of ordinary wear and tear, and brick paving may
the opinion of the Leeds Chief Engineer, urgently years
be
considered
to last from 15 to 25 years. Trolley
needed.
wire
ought
to
be
in use for from 15 to 20 years, the
Much diversity of practice and difference of opinion trolley poles supporting
it, if of cedar, having a con­
were shown to exist in the important matter of rail- temporaneous existence. Yellow pine may endure for
joints. The thermit welded joint appears to be the 10 to 15 years, chestnut for 15 on the average._
most popular form of joint at the present day. In Supplementary confirmation of the experience de­
Leeds during the past eight years 11,000 joints have scribed in rail wear was afforded in valuable notes con­
to the New York discussion by Mr. M. J.
been welded on new and reconstructed tracks, with tributed
French,
engineer'of
of way of the Oneida
re'sults declared to be exceedingly satisfactory. The Ry., Syracuse. Allmaintenance
estimates
of
the life of electric
percentage of breakages has shown a marked decline railway track structures, in his opinion,
have up to
as the application of the process has been better under­ the present time practically been merely intelligent
stood. This verdict was endorsed at Manchester, but guesses. Calculations may be easily upset Joy the in­
the experience at Glasgow, on the other hand, was crease in weight of rolling stock, the change in depth of
flanges, the change from single to double-truck
discouraging. On the whole, the conclusion was wheel
cars,
and
continually increasing traffic. The troubles
reached that the use of a better and more suitable of the railway
maintenance force may be
quality of steel would remove much of the controversy aggravated, as incompany’s
New
York
City streets, by the sink­
as to the best treatment of worn and open joints. ing of tracks caused by the passage
over them of the
The composition of the steel given in the British stand­ heavy girders and boilers used in the latest high build­
ard specifications, the reporting engineers thought, ings. Carelessly-supervised and uncoordinated opera­
cannot be classed as a high quality steel, and is by no tions of contractors’ work in sewers, subways, and gas
and water mains impair the track through settlement.
means a grade suitable for electric traction under the Against
like troubles the maintenance engineer must
latest conditions.
always
be
on his guard, but in the sphere of his own
One of these demanding serious attention, as it special study
the track engineer has acquired in prac­
throws a heavy extra cost upon the street railway tice many useful devices or means for the rehabilita­
companies, is the rapidly-increasing transit of excep­ tion of track at a comparatively small cost. The rate
tionally heavy loads along the street-surface tracks. of rail wear in a year under ordinary city traffic, de­
It is noted that the mode of conveying materials has termined by Cleveland so long ago as 1903 and checked
by recent measurements in experiments with a 95-lb.
been completely revolutionized within the last few nine-inch
girder rail, has been placed at 1-64 inch under
years, as the number of commercial motors with a one-minute
headway.
trailers in use is increasing at a great rate in the in­ Under this car
rule, Mr. French estimates that a rail
dustrial districts of England. As these vehicles, car­ having a depth of head of 1^ in. should last thirty
rying heavy loads, use the centre of the street, the years under % in. flanges on cars operating on fiveamount of damage done by the crushing of the pave­ minute headway. As a rail shows signs of wearing,
life may be prolonged at least 25% by the use of
ment and pressure on the rails is very great, frequently its
base-supported joints and a power-driven grinder.
entailing large additional expense in maintenance. Sufficient
data have not yet been accumulated for
As regards the length of the rails, it may be noted that settled judgment
on the merits of improved types of
the English practice inclines to the use of the GO-foot rail-joints or of the
“thermit” or of the electric and
rail, with even longer lengths favored wherever the cast-welded joints. Joint plates may,_ however, be
local conditions render their adoption possible. The safely assumed to have a life of from eight to twelve
experience collated in the answers brought together years under heavy and light traffic conditions, re­
A practical formula that _ was recom­
enforces the lesson that electric traction needs the spectively.
mended
in
relation
depreciation was that
very best steel procurable for the purpose, and that which is followed by tothetrack
Utica
Mohawk Ry. Co.,
in the end this is found to be the cheapest economically. and has been tested by five years’&service
its
P Inasmuch as the rail plays such an important part fairness. In accordance with this, from proving
10 to 12%
in the life of the track, the need of keeping careful should be allowed for track depreciation under heav­
records of the kind, weight and length of rails, the iest operation, 8% in the principal residential dis­
number and kind of ties, the paving, &c., entering tricts and 6% under the lightest traffic conditions.
4




E lectric R ailways.
S E C U R ITIE S

AND

REPO RTS.

T h is is o n e o f o u r s ix S e c tio n s or S u p p le m e n ts. In u sin g th e series it is to b e re m em b e red th a t th e y ja r e in te r -d e p e n d e n t
p u b lic a tio n s, c o m p le te o n ly as a w h o le. If u tiliz e d to g e th e r , a n d w ith th e fresh ite m s o f n ew s th e “ C h ro n icle” c o n ta in s from
w eek to w e e k , th e in v e sto r w ill h a v e all th e in fo r m a tio n h e n ee d s in se e k in g a s a fe a n d r e m u n e r a tiv e lo d g m e n t for h is m o n e y .
S tr e e t an d E le ctr ic R a ilw a y s fo rc ib ly illu str a te th is in te r -d e p e n d e n c e . S u ch ro a d s o b v io u sly re ly for th e ir in c o m e , a n d
th e refo r e in g r e a t p a r t for th e v a lu e o f th e ir s e c u r itie s, u p o n th e p o p u la tio n a n d a c tiv ity o f th e c o u n tr y th e y s e r v e . H e n c e
o o n sta n t referen ce to o u r “ S ta te a n d C ity ” s e c tio n w ill b e fo u n d n ec e ssa r y b y th o se w ish in g to p u rch a se th e s to c k s a n d b o n d s
o f str e e t ro a d s P o p u la tio n , a ssesse d v a lu a tio n , t a x r a te , to ta l d e b ts o f th e c o u n tie s, c itie s a n d m in o r m u n ic ip a litie s are
g iv e n a t le n g th in th a t p u b lic a tio n , e v e r y o n e o f w h ich ite m s is an e sse n tia l fa c t c o n tr ib u tin g m o re o r le ss to a n y co rrect
e s tim a te o f th e a m o u n t o f su b u rb a n tr a v e l a g iv e n ro a d c o m m a n d s.
,
T h e a b b revia tio n s u sed in o u r E le c tr ic R a ilw a y sta te m e n ts w ill b e fo u n d e x p la in e d in a ta b le im m e d ia te ly fo llo w m g jth e
la st s ta te m e n t in th is p u b lic a tio n .
.
. . . .
A fu ll Index, w h ich sh o w s w h ere ea ch ra ilw a y w ill b e fo u n d , is also g iv e n o n th e clo sin g p a g e s.

NewtheEngland
and theRy.,
Plattsburgh
and Railways
has acquired
a halftheInterest
In
Schenectady
the NewTraction,
York State
owning
other
half.
ORGANIZATION.—Chartered Dec. 30 1899 as a consolidation of the
O R G A N I Z A T I O N .— I n c o r p o r a t e d In O h io a s s u c c e s s o r In N o v . 1 9 0 2 to
t h e N o r t h e r n O h io T r a c t i o n C o ., h a v in g e x c h a n g e d I ts s e c u r iti e s f o r t h e Albany Ry. (chartered In 1863), the Watervllet Turnpike and RR. (char­
c o m m o n a n d p r e f . s to c k o f t h e l a t t e r p e r t e r m s In V . 7 5 , p . 7 3 3 . S h o r t e s t tered In 1828) and the Troy City Ry. (chartered Jan. 31 1866). See V. 69,
o f c o m p a n y ’s franchises ( t h a t In A k r o n ) e x p ir e s In 1 9 2 4 ; o f t o t a l f r a n c h is e s p. 1147, 1300; V. 70, p. 77. Has contract with Hudson River Electric Co.
4 0 % a r c p e r p e t u a l . I n 1 9 0 6 to o k o v e r c o n tr o l o f t h e C a n to n - A k r o n C o n s o l. of Albany for supply of power. V. 69, p. 541, 909. The Capitol Ry. was
R y . , a n d g u a r a n t e e s t h a t c o m p a n y ’s $ 2 ,5 0 0 ,0 0 0 c o n s o l. 5 s , p r l n . a n d l n t . organized May 1 1891 to secure franchise rights on certain streets In Albany,
V . 8 3 , p . 4 3 5 , 8 4 9 . A ls o o w n s e n t i r e c a p i t a l s t o c k o f A k r o n W a d s w o r t h A The United Traction leases these rights. Franchises In Troy and Albany,
W e s te r n T r a c . C o . a n d g u a r a n t e e s I ts b o n d s , p r l n . a n d l n t . I n S e p t . 1 9 0 7 except that of the Capitol Ry. on Delaware Ave. (a short line on the
N o r t h e r n O h io T r a c . A L t . s h a r e h o l d e r s w e re a ll o w e d t o t a k e $ 1 ,0 0 0 ,0 0 0 n e w outskirts of Albany), which expires Aug. 8 1951, are perpetual. V. 79,
s t o c k a t $ 2 0 p e r s h a r e . C o m m o n s t o c k li s t e d o n N . Y . S t o c k E x c h a n g e In p. 2698. Has traffic agreements with Albany Southern RR., Schenectady
Railway Co. and Hudson Valley Railway Co., by which cars of the first
M a rc h 1909.
O n M a r c h 2 7 1 9 1 1 s h a r e h o l d e r s a u t h o r i z e d $ 1 ,0 0 0 ,0 0 0 6 % c u m . p r e f . two roads are run Into Albany, and cars of the Schenectady Ry. Co. and
s t o c k to f in a n c e a n e w 2 5 ,0 0 0 h . p . p o w e r s t a t i o n . V . 9 2 , p . 3 2 2 , 5 9 5 , 8 8 2 . Hudson Valley Ry. Co. are run into Troy.
The Cohoes
City Ry.$120,000
was soldstock
at foreclosure
In 1904
and$119,100
reorganized
as
STOCK AN D BO N D S—
Date. Interest. Outstanding. M aturity. Cohoes
and $84,000
bonds:
of the
S ee te x t.
3 Q -M 15 $ 9 ,0 0 0 ,0 0 0
S t o c k , c o m . $ 1 0 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) _____
andRv.all Co.,
of thewith
bonds of the new
company
are deposited
with the Central
1 ,0 0 0 ,0 0 0 J a n .’ 1 2 , 1 Yi stock
P r e f $ 3 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) 6 % c u m .
Q -J
Co. of New York as security for bonds of the Albany Ry.
3 0 0 ,0
A k B e d A C lc v 1 s t M , $ 3 0 0 ,-1 1 8 9 5
5 g M -S
. 0 0 S e .p t 1 1 9 1 5 Trust
Fare Decision.— On May 9 1911 the Court of Appeals at Albany affirmed
0 0 0 ($ 1 ,0 0 0 );M c o v e r s 2 7 .4 m j I n t e r e s t a t C e n tr a l T r . C o ., N . Y . , T r u s t e e . a ruling
that must
the 6-ccnt-farc
by the V.
Cohoes
between Rensselaer
N o r t h o m O h io T r a c t i o n , r a o r t f 1 8 9 9
5 g J-J
2 ,7 0 0 ,0 0 0 J u l y 1 1 9 1 9
Albany
be reducedcharged
to 5 cents.
92, p.Ry.1312.
g , $ 3 ,0 0 0 ,0 0 0 ( $ ,
) _ .c * { I n t e r e s t a t C e n tr a l T r u s t C o ., N . Y . , T r u s te e ; and
Acquisition of Hudson Valley.— In Dec. 1900 acquired a majority of the
I o r D im e S a v i n g s A B a n k in g C o ., C le v e la n d stock
and bonds of the Hudson Valley Ry. Co., and Increased Its own
N o r t h e r n O h io T r a c t i o n A1 1 9 0 3 4 A 5 g J - J
3 ,1 0 0 ,0 0 0 J a n 1 1 9 3 3
from AND
$5,000,000 to $12,500,000
to finance the purchase. V. 84, p. 52.
L i g h t 1 s t c o n s o l ( $ 1 ,0 0 0 ) .l i n t , a t C l t. S a v i n g s A T r . C o ., C l e v c ., t r u s - stock
STOCK
Date. Interest. Outstanding. Last dlv.,A c
g o ld , $ 7 ,5 0 0 ,0 0 0 ...................c * J te e . o r a t F i r s t N a t . B a n k . N e w Y o r k .
4 J-J $12,500,000 Dec.’11, 2 %
(par $100) BONDS—
$12.500,000_____
A k . W a d s A W e s t m o r t g a g e ,1 1 9 0 6
5 g
S e e t e x t J u l y 1 1 9 3 3 Stock
Debentures,
$456,000, gold] 1901
4 gCommercial
M-N
458,000
May 11919
($1.000).............................r/ln
t.
at
Nat.
Bank, Albany.
N o rth e rn ° 0 h fo T ra c ^ & °L t c o l| 1909 6 Q -F
9 0 0 ,0 0 0
S ee te x t
mort,
$6,500,000,
gold]
1904
4H
g
J-D
2,588,000
June
1 2004
t r u s t m o r tg a g e $ 1 ,0 0 0 ,0 0 0 l n t . a t C l t. S a v . A T r u s t C o , C le v e la n d Cons
($1,000)--------------------c*JInt.
at Central
TrustIsCo.,
N. Y..
Trustee.
($ 1 ,0 0 0 ) c . __________________ J t r u s t e e , o r F i r s t N a t . B a n k , N e w Y o r k .
Bonds.
—Of
the
consol,
mtge.
of
1904,
$3,912,000
reserved
to
retire
prior
Stock. — P r e f . is r e d e e m a b l e , a ll o r p a r t , a t 1 1 0 a n d a c c r u e d d l v . o n a n y liens. No sk. fd. and bonds are not subject to call. Directors may fix rate
of
d l v . d a t e a f t e r A p r il 1 1 9 1 9 . V . 9 2 , p . 9 5 6 .
but
not
exceeding
6
%;
present
issue
Is
at
4
H
%.
The
debentures
Bonds.— O f t h e $ 3 ,0 0 0 ,0 0 0 N o r t h e r n O h io T r a c t i o n b o n d s , $ 3 0 0 ,0 0 0 a r e Interest,
may
be
called
on
any
Interest
date
on
three
months’
notice
at
“a
5
%
Interest
r e s e r v e d to r e t i r e t h e A k . B e d . A C lc v . g e n . m tg e . o f 1 8 9 5 B o n d s li s te d
for the unexplrcd term as calculated In standard Interest tables.”
o n P h ila d e lp h ia S to c k E x c h a n g e In O c t. 1 9 0 1 . O f t h e $ 7 ,5 0 0 ,0 0 0 N o r t h e r n rate
O h io T r a c t i o n A L i g h t c o n s o ls , $ 3 ,0 0 0 ,0 0 0 a r e r e s e r v e d t o r e t i r e t h e N o r t h . V. 73. p. 1113. SECURITIES OF ALBANY RAILWAY.
O h io T r a c t i o n b o n d a n d $ 1 ,4 0 0 ,0 0 0 a r e h e ld f o r f u t u r e r e q u ir e m e n ts ;
STOCK AND BONDS— Date.
Outstanding. M aturity.
$ 1 ,0 0 0 ,0 0 0 a r c 5 s , a ll o u t s t a n d i n g ; t h e r e s t 4 s . T h e c o l. t r u s t m o r tg a g e Fifth
1888 5Interest.
M-S
$32,000 Sept 1 1013
o f 1 9 0 9 Is s e c u r e d b y d e p o s i t o f $ 1 ,0 0 0 ,0 0 0 N o r . O h io T r a c . A L t . 4 s , Consolmortgage.........................
M
($500,000),
gold!
1890
5
g
J-J
428,000
Jan York.
11930
$ 7 0 0 ,0 0 0 C a n to n - A k r o n c o n s o l. 6 s a n d $ 2 0 0 ,0 0 0 A k ro n W a d s . A W e s t 5 s .
($1,000)...........................c*J Interest at Central Trust
Co., New
T h e s e b o n d s m a t u r e in a n n u a l I n s ta l lm e n ts , $ 1 0 0 ,0 0 0 y e a r l y , o n N o v . 1 General
mortgage.
$750,000,1
1897
5
g
J-D
496,000
June
1 1947
1 9 1 1 to 1 9 1 4 a n d $ 1 5 0 ,0 0 0 y e a r ly 1 9 1 5 to 1 9 1 8 ; $ 1 0 0 ,0 0 0 h a v e b e e n r e t i r e d .
gold........................ ..............J Central Trust Co., New York. Trustee.
S u b j e c t to c a ll a t 1 0 2 In I n v e r s e o r d e r o f n u m b e r s o n a n y I n t e r e s t d a t e .
Leased
line
securities
—
V . 88, p . 823.
Wat T A RR—
I 1889 6 M-N
$350,000 May 1 1919
C A N T O N -A K R O N C O N S O L ID A T E D R A IL W A Y .
1st MM,lntp guar_____
_____1Boston
Safe
Dep. Co. 150,000
A Tr. Co.,May
Boston,
STOCK AN D BO NDS—
Date. Interest. Outstanding. M aturity.
2nd
A
lnt
guar..........)
1890
6
M-N
11919Tr.
O o n s o l M $ 2 ,5 0 0 ,0 0 0 , g o ld .) 1 9 0 6 5 g J - J a $ l , 9 6 1 ,0 0 0
Jan 11933
]Metropolitan
Trust
Co..
N.
Y.,
Trustee.
g u a r p A I b y N o r t h O h i o f l n t . a t C itiz e n s S a v . A T r u s t C o ., C le v e la n d ,
The Albany Ry. gen. mort. of 1897 was for $750,000, of which $254,000
T r a c A L t ( $ 1 ,0 0 0 ) ______ c * J t r u s t e e , o r F i r s t N a t . B a n k , N e w Y o r k .
O a n to n - A k r o n 1 s t m o r tg a g e ,! 1 9 0 2 5 g M -S
1 ,1 5 0 ,0 0 0 M c h 1 1 9 2 2 was reserved, but consolidation makes reservation Inoperative.
SECURITIES OFDate.
TROYInterest.
CITY RAILWAY.
$ 2 ,0 0 0 ,0 0 0 , g ($ 1 ,0 0 0 ) _ _ c * J I n t . a t K n ic k e r b o c k e r T r . C o ., N . Y . , T r u s t e e
Outstanding. M aturity.
O a n to n - M a s s lllo n 1 s t m o r t 'g e . f 1 9 0 0
5 g M -N
8 5 0 ,0 0 0 M a y 1 1 9 2 0
1892 5 g A-O $2,000,000 Oct 11942
$ 1 ,0 0 9 ,0 0 0 , g , ( $ 1 ,0 0 0 ) ___ ( I n t e r e s t a t C le v e la n d T r u s t C o ., t r u s t e e , o r Troy City 1st con M.g. $2.-1
000,000
____
____
c*Ar/Intcrest
paid
by
Trustee.
Central Trust
Co.N.Y.
la t S t a n d a r d T r u s t
C o ., N e w Y o r k .
Tho under
Troy City
Include ATroy
A Cohoes,
$50,000,
divi­
1 s t M C a n A N P , $ 1 ,0 0 0 ,0 0 0 ./ 1 9 0 3 5 g F -A
5 6 5 ,0 0 0 F e b 1 1 9 2 3
dends
leaseleased
7%; roads
Lanslngburg
Cohoes,
stock stock
$15,000,
dividends
g o ld ( $ 1 , 0 0 0 ) .......... ...............c * 1 l n t . a t A m . L o a n A T r . C o ., B o s t o n , T r u s t e e .
TUS R R 1 s t M , $ 1 0 0 ,0 0 0 / 1 8 9 6 6 g J - D
1 0 0 ,0 0 0 J u n e 1 1 9 1 6 under lease, 7%; Troy A Lanslngburg. stock $700,000, owned by Troy
( $ 5 0 0 ) , g o l d .....................................l i n t , a t C l e v e la n d T r . C o ., C le v c ., O ., T r u s t e e . City Ry.; total $765,000. The Waterford A Cohoes RR., $25,000 stock,
L a k e V L A I m o r tg a g e .................. .........
5 J-J
5 5 ,0 0 0
S e e t e x t receives 7 % yearly under lease.
a O f t h i s a m o u n t $ 7 0 0 ,0 0 0 a r e p le d g e d u n d e r N . O . T . A L . c o ll, t r u s t
DIVIDENDS.—First
dividend,July1 H1905.
%, wasForpaid
m tg o . a n d $ 2 2 5 ,0 0 0 a r c h e ld In t r e a s u r y o f N o r . O h io . T r a c . A L i g h t C o .
same
rate continued up quarterly
to and Including
yearMay
19061. 51900;
Bonds. — O f t h e $ 2 ,5 0 0 ,0 0 0 c o n s o l, b o n d s , $ 1 0 0 ,0 0 0 a r c r e s e r v e d t o r e t i r e was paid. On Dec. 31 1906 stock was Increased from 35,000,000 to $12,500,­
t h e T u s c a r a w a s R R . 6 s a n d $ 4 3 9 ,0 0 0 a r c r e s e r v e d f o r e x te n s io n s a n d Im ­ 000 and dividends made semi-annual (J-J) and 2J$% paid July 1 1907.
p r o v e m e n t s a t 8 5 % o f c o s t . S . R e e d A n t h o n y , B o s t o n , Is a ls o t r u s t e e . 2V4% Jan .l 1908 and 2%eachsix months since, to and Including Dec.1911.
V . 9 1 . p . 1 6 2 8 , 1 7 6 5 . O f t h e $ 2 ,0 0 0 ,0 0 0 C a n to n - A k r o n l s t m t g s . , $ 8 5 0 ,0 0 0
ROAD.—-Operates 99.72 miles of track, of which 81.11 miles owned, con­
a r e r e s e r v e d to r e t i r e th o C a n to n - M a s s lllo n b o n d s . N e i t h e r Is s u e Is s u b j e c t necting Albany, Troy, Cohoes, Rensselaer. Watervllet, Lanslngburg, Green
t o c a ll. T h e C a n to n - N e w P h i l a d e l p h i a b o n d s m a y b e c a lle d a s a w h o le a t Island, Waterford, Ac. Has 436 cars, Including 15 snow-plows, 9 sweepers
1 0 5 a n d l n t . o n 3 m o n t h s ’ n o t i c e . T h o L a k e V ie w L . A I . b o n d s m a t u r e and 12 service cars. Carries express and light freight. Standard gauge. •
$ 2 ,0 0 0 a n n u a l l y t o 1 9 1 5 , w h e n w h o le Is s u e f a lls d u e .
ANNUAL REPORT.—Years ending Dec. 31:
Dividends.— P r e f . s to c k w a s Is s u e d in 1911 a n d d iv id e n d s o f 1 Yx% q u a r .
1910.
1909.

AKRON, OHIO.

N O RTH ERN OHIO TRACTION & L IG H T C O — T r o l le y . (See M a p ,p . 6 .)

1

V

▼

0 0 0

1910.
1909.
G ro s s e a r n s .- $ 2 ,1 9 7 ,2 2 8 $ 2 ,0 9 0 ,3 3 1 T o t a l n e t _____$ 1 ,0 3 4 ,9 8 9 $ 1 ,0 5 1 ,2 5 3
5 3 4 ,2 2 3
4 9 6 ,8 5 8
O p e r . e x p e n s e s 1 ,3 7 1 ,4 6 5 1 ,2 2 3 .0 5 2 C h g c s . A ta x e s
5 0 0 ,0 0 0
5 0 0 ,0 0 0
N e t ......................... 8 2 5 ,7 6 3
8 6 7 ,2 7 9 D lv . ( 4 % ) ___
766
5 4 ,3 9 5
O t h e r I n c o m e . 2 0 9 ,2 2 6
1 8 3 ,9 7 4 B a l a n c e , s u r p .
O F F I C E R S .— P r e s ., L . F . L o r e e . N . Y .; V . - P .. C . S . S im s ; V . - P ., W . I I .
W illia m s , N . Y .; A s s t , t o P r e s ., W . B . S c h o fie ld : S e c . a n d T r e a s . , J a m e s
M c C rc d lc , A l b a n y ; C o m p .. W . I I . D a v ie s , N . Y .; G e n . A u d ., A lle n M c C a r t y ,
A l b a n y ; A u d ., W . I I . E l d e r ; G e n . M g r ., E d g a r S . F a s s c t t ; S u p t . , C h a s . H .
S m i t h ; T r a f . M g r ., C . H . A r m a t a g c . P r in c ip a l o ffic e , A l b a n y .— V . 8 3 ,
p . 1381; V . 81, p . 932, 1368, 1429; V . 9 2, p . 1312.
(1) H u d s o n V a lle y R a i l w a y .— A t r o l l e y r o a d .
I n D e c . 1 9 0 6 a m a j o r i t y o f t h e s to c k a n d b o n d s w a s a c q u i r e d b y t h e
U n it e d T r a c t i o n C o o f A l b a n y . V . 8 4 . d . 5 1 .
O R G A N I Z A T I O N .— I n c o r p o r a t e d A u g . 14 1901 a s a c o n s o l id a tio n o f t h e
G le n s F a lls , S a n d y H ill A F o r t E d w a r d S t r e e t R y . . W a r r e n C o u n ty E l e c tr ic
R y . . S t il lw a t e r A M c c h a n lc v llle S t r e e t R v . . G re e n w ic h A S c h u y le rv lH e
S t r e e t R y . C o ., S a r a t o g a T r a c t i o n C o ., a n d S a r a t o g a N o r t h e r n R y . , t h e
c a p i t a l s to c k o f th e s e r o a d s b e in g e x c h a n g e d f o r s to c k In t h e n e w c o m p a n y .
S e c •‘C h r o n ic l e ," V . 7 3 , p . 3 9 1 . C a r r ie s f r e i g h t a n d e x p r e s s a s w e ll a s
p a s s e n g e r s . 8 0 % p r i v a t e r i g h t o f w a y . Franchises a r e a l l p e r p e t u a l .
O w n s a ll t h e s to c k ($ 2 0 0 ,0 0 0 ) a n d a ll t h e b o n d s ($ 2 0 0 ,0 0 0 ) o f t h e N o r t h
R i v e r R y . , a r o a d o p e r a te d In S a r a to g a b y t h i s c o m p a n y .
I n 1 9 0 6 p a r t o f t h e c o n s o l. 5 s w e r e c o n v e r t e d I n t o d e b e n t u r e s In a c c o r ­
d a n c e w i th a p la n f o r t h e r e - a d j u s t m e n t o f t h e c o m p a n y ’s f in a n c e s . V . 8 2 ,
p . 1 0 4 0 . I n M a rc h 1 9 0 6 a u t h o r i z e d $ 2 ,5 0 0 ,0 0 0 p r e f e r r e d s to c k to p r o v id e
f o r t h e c o n v e r t ib le f e a t u r e o f t h e d e b e n t u r e " B s .
V . 8 2 . d .751.
S T O C K A N D B O N D S .—
Date. Interest. Outstanding. M aturity.
C o m m o n , $ 3 ,0 0 0 ,0 0 0 . p a r $ 1 0 0 .........................................
$ 3 ,0 0 0 ,0 0 0
....................P r e f e r r e d ( $ 2 ,5 0 0 ,0 0 0 ( s e c ] ............................................... See text.
....................t e x t ) , 5 % n o n - c u m u l a t lv e j
F i r s t c o n s o l id a te d m o r tg a g c i 1 9 0 1 5 g J - J
2 .2 2 2 .0 0 0 J u l y 1 1 9 5 1
$ 4 ,0 0 0 ,0 0 0 ( d e n o m in a tio n i n t e r e s t a t M a n u f a c t u r e r s ’ N a t . B a n k , T r o y .
$ 1 ,0 0 0 g o l d ) ______ ________ c * J M a y b e c a lle d a t 110 A l n t . o n a n y l n t . d a t e .
C o l la te r a l t r u s t $ 6 5 0 .0 0 0 ______ 1 9 0 6
5g
$ 5 0 0 ,0 0 0 M c h 1 1 9 12
U N IT E D TR A C TIO N .— A tr o l le y r o a d . _
_
_
5g
4 7 4 ,0 0 0 J a n 1 1 9 5 1
T h o e n tlr o s t o c k o f t h i s c o m p a n y Is o w n e d b y T h e D e la w a r e A Hudson D e b . " A ” I n c o m e $ 7 0 0 , 0 0 0 . - - 1 9 0 6
1906
2g
2 .5 0 0 .0 0 0 J a n 1 1 5 1 9
C o . V . 8 1 , p . 1 5 5 2 ; V . 8 2 , p . 1 6 0 . T h e D . A H . a ls o o w n s t h e T r o y A D e b . ” B ” I n c o m e $ 2 ,5 0 0 ,0 0 0 .

a r c r e g u la r ly p a i d . D i v i d e n d s o n c o m . w e re b e g u n In 1 9 0 6 b y t h e d e c la r a ­
ti o n o r 2 % . p a y a b l e In I n s ta l lm e n ts o f H % f r o m J u n e 15 1 9 0 6 . V . 8 2 , p .
1 2 1 3 . I n 1 9 0 7 2 % w a s a g a i n d e c la r e d , p a y a b l e In q u a r t e r l y I n s ta l lm e n ts
f r o m J u n e 15 1 9 0 7 . I n 1 9 0 8 , J u n e M % . I t a t e t h e n r e d u c e d a n d d e c la r e d
S e p t . H % \ D e c ., \i% . I n 1 9 0 9 , M a r c h , M % . R a t e t h e n a g a in I n c r e a s e d ,
a n d d e c la r e d J u n e , H % : S e p t ., H % ; D e c ., H % . I n 1 9 1 0 ,M c h ., /$ % ;
J u n e H % ; S e p t . , H % \ D e c .. H % . I n 1 9 1 1 , M c h ., M % \ J u n e , K % \
S e p t . , H % ‘, D e o ., H % a n d ' i % e x t r a .
P L A N T .— L in e e x te n d s f r o m C le v e la n d t h r o u g h A k r o n , C a n to n , M a s ­
s illo n a n d N e w P h ila d e lp h ia t o U h r l c h s v ll le In T u s c a r a w a s C o u n ty , w i t h
b r a n c h e s to R a v e n n a ( v ia K e n t ) , to W a d s w o r th ( v ia B a r b e r t o n ) a n d to
E a s t G r e e n v ille f r o m M a s s illo n . O n J a n . I 1 9 1 1 , o p e r a t e d 2 1 5 .2 0 m ile s
o f tr a o k . O w n s L a k e s id e P a r k In A k r o n a n d M e y e r s L a k e P a r k In C a n to n .
A ls o o w n s 1 ,0 1 1 a c r e s o f c o a l la n d In N o b le C o u n ty . R a l ls , 5 0 , 5 6 , 7 0
a n d 8 0 - lb . T a n d 7 3 -lb . g ir d e r ; s t a n d a r d - g a u g e ; o p e r a te s 3 0 0 c a r s a n d
7 s n o w -p lo w s a n d s w e e p e r s . E m b r a c e s c le c tr l c - llg h t s y s te m s o f A k r o n
a n d B a rb e rto n .
R E P O R T . — F o r c a l e n d a r y e a r s (1 9 1 0 r e p o r t In V . 9 2 , p . 3 2 0 ) :
Gross
N et.
Charges. Surplus.
1 9 1 1 ..............................................................$ 2 ,6 9 4 ,0 2 4 $ 1 ,2 0 1 ,4 9 8 $ 5 3 1 ,0 3 2 $ 6 7 0 ,4 6 1
1 9 1 0 (2 1 5 .2 0 m ile s o f tr a c k )
2 ,4 3 7 ,4 2 6 1 .0 8 8 .4 6 3
5 2 1 ,0 6 9 5 6 7 ,3 9 4
(2 1 4 .8 8 m ile s Of t r a c k ) . - 2 ,1 7 7 .6 4 2
9 8 7 ,5 8 5
5 2 4 ,0 6 6 4 6 3 ,5 1 9
(
m ile s Of t r a c k ) . . 1 ,8 9 0 .4 7 3
8 0 4 .0 4 9
5 2 6 .5 3 2 2 7 7 .5 1 7
O u t o f t h e $ 6 7 0 ,4 0 6 s u r p l u s f o r 1 9 1 1 , d iv id e n d s o f $ 3 3 7 ,5 0 0 ( 4 H % o n
p r e f . a n d 3 K % o n s o m .) w e re p a i d , le a v in g $ 3 3 2 ,9 6 6 .
O F F I C E R S .— P r e s . , H . A . E v e r e t t , C l e v e l a n d , O .; 1 s t V . - P . , W ill
C h r i s t y , A k r o n ; d V . - P . a n d G e n . M g r ., C h a s . C u r r ie , A k r o n : T r e a s . , J . R .
N u t t . C le v e la n d ; S e c ., C . F . M o o re , A k r o n ; A u d ., C . I I . L a h r , A k r o n .
G e n e r a l o ffic e s . A k r o n . V . 8 7 . p . 5 4 5 , 1 6 0 5 ; V . 8 8 , p . 2 3 1 , 2 9 1 . 6 2 5 . 6 8 6 ,
8 2 3 , 8 8 3 , 1 1 9 7 ; V . 9 0 , p . 2 3 7 . 3 6 8 ; V . 9 1 , J ). 5 1 9 , 1 5 1 2 , 1 7 1 1 ; V . 9 2 , p . 3 2 0 ,
3 22, 527, 595. 882, 956, 1109; V . 93, p . 1534, 1789; V . 94, p . 124.
1 9 0 9
1 9 0 8

2 1 4 .0 5

2




ALBANY, N. Y.

ELECTRIC RAILWAYS

[V O L . LXX XX 1V .

M AP OF THE

THE NORTHERNOHIOTRACTION & LIGHT CO.
SYSTEM.

AKRON

r

N E W 'P H I LADELPHIA



CANTON

7

E L E C T R IC R A IL W A Y S

J an ., 1912. |

A LL EN TO W N & R E A D IN G T R A C I ION CO.— A tr o l le y r o a d .
Date. Interest. Outstanding. M aturity.
STOCK AND BO NDS—
Underlying Liens —
O R G A N I Z A T I O N .— I n c o r p o r a t e d A p ril 2 5 1 8 9 8 , a n d le a s e d t h e A lle n ­
5
1
0
0
,0
0
0
J
u
l
y
1
1
0
1
2
1891
6
J
J
O P S H & F E 1 s t M (n o o p t ) )
to w n & R e a d i n g E l e c tr ic S t r e e t R y . f o r 2 9 0 y e a r s f r o m J u n e 4 1 8 9 8 . O n
($ 5 0 0 a n d 5 1 .0 0 0 ) g o l d ___ c / C e n t r a l T r u s t C o ., N e w Y o r k , T r u s t e e .
F e b . 6 1 9 0 2 le a s e d f o r 2 9 0 y e a r s t h e K u t z t o w n ds F le e tw o o d S t r e e t R y .
d o 2 d M ($ 5 0 0 ) g o ld ._ c .J 1 8 9 3
6 J-J
5 0 ,0 0 0 J u l y 1 1 9 1 3 C o n tr o ls t h e K u t z t o w n L i g h t . H e a t & P o w e r C o . C o n n e c ts w i t h U n it e d
l i n t , a t M e r c h a n t s ' N a t . B a n k , G le n s F a lls , T r a c tio n C o . t r a c k s f r o m R e a d i n g , t h u s f o r m i n g a th r o u g h li n e f r o m A lle n ­
d o 3 d M ($ 1 5 0 ,0 0 0 ) - - . 1 1 9 0 1
6 A -O
8 2 ,0 0 0 A p r i l 1 1 9 21 to w n to R e a d in g .
jM a y b e c a lle d a t 100
DS.
Date. Interest. Outstanding. M aturity.
S til l & M e c h f ir s t m o r t g a g e . . / 1 8 9 3
6 A -O
4 7 .5 0 0 A p r i l 1 1 9 1 3 S toS cTkO. C$K7 5 A0 ,0N 0D0 , B$O5 0N......................................................................
$ 2 5 0 ,0 0 0
.......................
1 B a n k e r s ’ T r u s t C o ., N e w Y o r k , T r u s t e e .
a g e , $ 2 5 0 ,0 0 0 ,1 1 9 0 0 5 g J - J
2 5 0 .0 0 0 J u l y 1 1 9 3 0
do
do
c o n so l m tg e ) 1898
6 A -O
2 0 2 .5 0 0 A p r i l 1 1 9 1 3 F i gr sot ld , m$ 1o 0r tg
0
,
$
5
0
0
a
n
d
$
1
,0
0
0
/
I
n
t
e
r
e
s
t
a
t
F
i
d
e
l
i
t
y
T
r
u
s
t
C
o
..
P
h
l
l
a
.
, T ru s te e
$ 2 5 0 ,0 0 0 . .
_______________ / G l e n s F a lls T r u s t C o .. G le n s F a l l s , T r u s t e e .
2 0 0 ,0 0 0 J a n 1 1 9 3 2
Bonds .— O f t h e $ 4 ,0 0 0 ,0 0 0 m o r tg a g e o f 1 9 0 1 , $ 4 8 2 ,0 0 0 Is s e t a s id e fo r F irs$ 2t.0 M0 ,0K0 0u ,tzgt uo awr na n&t e Fe dle eptwSc’d1/) 1 9 0 2 5 g J - J
p r i o r lie n s a n d $ 1 ,2 9 0 ,0 0 0 h a v e b e e n d e p o s i te d a s c o l l a t e r a l f o r t h e c o l l a t e r a l F i r s t c o n s o l m tg e $ 7 5 0 ,0 0 0 1 1 9 0 2 5 g J - J
3 0 0 ,0 0 0 J u l y 1 1 9 3 2
t r u s t 5 s . T h e d e b e n t u r e " B ” b o n d s a r c c o n v e r t ib le I n to p r e f e r r e d s to c k to
g o ld ($ 5 0 0 & $ i .
) . _ c & r j l n t . a t I n t e g . T l t l e ln s .d e T r . C o . . P h l l a . . T r u s .
M a r c h 1 1 9 1 7 In c lu s iv e . C o l la te r a l t r u s t 5 s a r e r e d e e m a b l e a t p a r a n d I n t L o a n s a n d n o te s p a y a b l e J u n e 3 0 1 9 0 9 -------------------------7 3 .4 7 6 ---------------------o n 3 0 d a y s ’ n o tic e . I n t e r e s t o n t h e d e b e n t u r e " A ” a n d " B ” b o n d s Is
Bonds .— O f t h e $ 7 5 0 ,0 0 0 o f n e w c o n s o ls , $ 4 5 0 ,0 0 0 a r e r e s e r v e d to r e t i r e
n e i t h e r c u m u l a t i v e n o r o b l i g a t o r y . N o I n t e r e s t h a s b e e n p a id o n e i t h e r p r io
r
li
e
n
s
.
T
h
e
y
a
r
e
s
u
b
j
e
c
t
t
o
c
a
ll
a
t
p
a
r
a
f
t
e
r
J
u
l
y
c la s s . T h e G . F . S . I I . & F . E . 1 s t M . fe ll d u e J u l y 1 1 9 1 1 , b u t w a s e x ­ f u n d . T h e f ir s t m o r tg a g e b o n d s a r e r e d e e m a b l e a t p a r .1 1 9 1 7 ; n o s in k in g
te n d e d f o r o n e y e a r .
F o r y e a r e n d in g J u n e 3 0 1 9 0 9 , g r o s s , $ 1 6 3 ,1 2 3 ; n e t
R E P O R T . — F o r fis c a l y e a r e n d i n g D e o . 31 1 9 1 0 , g r o s s , $ 6 5 9 ,4 4 8 ; n e t $ 7 0E ,7A 2R8 N; I NI nGt . S, .—
r e n t a l s , d ec., $ 6 9 ,3 8 8 ; s u r p l u s , $ 1 ,3 4 0 .
$ 1 8 4 ,7 3 8 ; o t h e r I n c o m e , $ 2 ,7 0 4 ’ fix e d c h a r g e s , $ 2 6 4 ,8 4 6 ; d e f ic it , $ 7 7 ,4 0 4
R O A D .— O p e r a te s 3 9 .6 0 m ile s m a in li n e , 7 .5 0 m ile s s id i n g s — t o t a l . 4 7 .1 0
R O A D .— M a in lin e e x t e n d s f r o m T r o y n o r t h w a r d a lo n g t h e H u d ­ m ile
s; 43 c a rs.
s o n t h r o u g h t h e v illa g e s a n d to w n s o f W a t e r f o r d , M e c lia n lc v lllc , S t i l l ­
O F F I C E R S .— P r e s ., H . E . A h r - n s . R e a d in g ; V . - P ., H . P R o e p e r .
w a t e r , S c h u y lc r v l lle , T h o m s o n , F o r t E d w a r d , S a n d y H ill, G le n s h a l l s
a n d C a ld w e ll to W a r r c n s b u r g . T h e S a r a t o g a D iv is io n , w h ic h b r a n c h e s o ff R e a d in g ; S e c ., S . K . H o f f m a n , H a m b u r g . T r e a s . , G e o . B . S c h a f f e r , R e a d in g :
, p . 1482: V . 8 2 , p . 21 6.
t h e m a in lin e a t M c c h a n lc v llle . p r o v id e s a li n e f r o m T r o y to R o u n d L a k e . S u p t . , W . J . B e a r , K u n t z t o w n .— V .
B a lls to n S p a a n d S a r a t o g a , w i th a b r a n c h f ro m S a r a t o g a S p r in g s to G le n s
F a lls , v ia S o u t h G le n s F a lls , w h ic h b r a n c h w a s c o m p le te d In J u n e 1 9 0 3 .
T h e r e Is a ls o a b r a n c h lin e f r o m S a r a t o g a S p r in g s to K a y d e r o s s P a r k o n
A L L IA N C E , O H IO .
S a r a t o g a L a k e a n d a n o t h e r f ro m T h o m s o n t o G r e e n w ic h . T o ta l f ir s t t r a c k ,
STA R K E LE CT R IC R R . — A n e le c tr i c r a i l r o a d .
1 1 3 .0 2 m ile s ; s e c o n d t r a c k , 5 .5 0 m . ; s id i n g s , 8 .5 7 m .; m a k i n g a t o t a l o f
O
R
G
A
N
I
Z
A
T
I
O
N
.—
I
n
o r p o r a t e d In O h io a n d Is a c o n s o l id a tio n In D e c .
1 2 7 .0 9 m ile s o f t r a c k . R a l ls , T , g ir d e r a n d g r o o v e d , 4 8 to 141 lb s . S t a n d ­ 1 9 0 2 o f t h e A llia n c e E l e c trc ic
a r d g a u g e . O p e r a te s 94 p a s s e n g e r c a r s , 7 s n o w p lo w s , 2 e le c tr i c lo c o ­ S a le m dc E a s t e r n E le c tr ic R y .R y T. ha en dl a ttht ee r Sht aa sr kn oE lseecctur ircitiRe sy .o u tCs toanntrd oi nl sg t. h e
m o ti v e s a n d 7 e x p r e s s c a r s . C o m p a n y o w n s K a y d c r o s s P a r k , a t S a r a to g a
c k w a s I n c r e a s e d f ro m $ 1 ,0 0 0 ,0 0 0 to 5 i . L a k e ; O n d a w a P a r k , b e tw e e n G r e e n w ic h a n d T h o m p s o n . V . 8 3 , p . 1 5 5 , 5 0 O0 ,0n 0 M0 a r.a n10d $1 29 51 00 ,0a 0u 0th do irsizt rei db u st to
e d In a 2 5 % s to c k , d i v i d e n d . V . 9 0 . p . 7 0 0 .
2 13, 1098; V . 8 4, p . 51. 1366; V . 8 9 . p . 286.
STOCK AN D BO N D S—
Date. Interest. Outstanding. M aturity.
S to c k $ 1 ,5 0 0 ,0 0 0 ( $ 1 0 0 ) ...............................
Q -J
$ 1 ,2 5 0 ,0 0 0 J a n . ’1 2 .§ 4 %
A L B IA , IO W A .
F i r s t m o r t . $ 1 ,0 0 0 ,0 0 0 g o ld ] 1 9 0 3
5 g J-J
9 6 9 .0 0 0 J a n . 1 1 9 2 8
($ 1 ,0 0 0 ) s in k in g f u n d , c a ll- /C i tiz e n s ’ S a v . dc T r . C o ., C le v e la n d , T r u s t e e .
ALBIA IN T ER U RB A N RAILYVAY.
Tr
, . A|l%|
a b le a t 1 0 5 __________________c J I n t . a t U n it e d B a n k <5: S a v . C o . C le v e la n d .
O R G A N I Z A T I O N .— I n c o r p . In I o w a In 1 9 0 7 . H a s a c q u i r e d A l b la E I c c .
Bonds. — 1 % w ill b e r e t i r e d a n n u a l l y f r o m J a n . 1 1 9 11 t o J a n . 1 1 9 1 5 ,
L t . & T o w . C o . D o e s e le c tr i c l i g h t i n g , p o w e r a n d s t e a m - h e a t i n g b u s in e s s In
A l b l a . Franchises 2 5 y e a r s . R o a d o n p r i v a t e r i g h t o f w a y e x c e p t In A lb l a . f r o m J a n . 1 1 9 1 5 2 % e a c h y e a r to 1 9 2 8 . $ 3 1 ,0 0 0 h a v e b e e n r e t i r e d .
.— F i r s t d l v . , 4 % . p a id J u l y 1 9 0 8 ; 4 % h a s b e e n p a id q u a r .
STO CK A N D BO N D S—
Date. Interest. Outstanding. M aturity. s inDc eividends
to a n d In c lu d in g J a n . 1 9 1 2 . I n A p r i l 1 9 1 0 a ls o a s to c k d iv id e n d o f
S to c k $ 2 5 0 ,0 0 0 ( $ 1 0 0 ) --------------------------------------$ 2 0 0 ,0 0 0 --------------------2 5% . V . 90, p. 448, 700.
F i r s t M $ 3 0 0 ,0 0 0 g o ld ($ 1 0 0 ,1 1 9 1 0
6 g J-D
2 0 0 ,0 0 0 S e c t e x t .
E A R N I N G S .— F o r c a l e n d a r y e a r 1 9 1 0 , g r o s s , $ 2 5 3 ,5 4 9 ; n e t , $ 1 4 3 ,8 4 7 ;
$ 5 0 0 a n d 5 1 ,0 0 0 ) ............. . c j I n t e r e s t In N e w Y o r k o r A l b l a .
Bonds .— F i r s t m t g e . b o n d s a r e s u b j e c t to c a ll a f t e r J u n e 1 1 9 1 3 a t 101 In 1 9 0 9 , g r o s s , $ 2 3 8 ,2 6 6 ; n e t . $ 1 3 7 ,0 2 7 :
a n d I n t . T h e y m a t u r e s e r ia l ly f r o m J u n e 1 1 9 1 3 t o 1 9 3 0 I n c l. V . 9 3 , p . 4 6 8 .
R O A D .— O p e r a te s 3 4 m ile s o f t r a c k f r o m C a n to n t o S a le m , I n c lu d in g
E A R N I N G S .— F o r 12 m o s . e n d in g M a y 31 1 9 1 1 , g r o s s , $ 6 1 ,9 0 7 ; n e t , A llia
n c e C i ty lin e s . S t a n d a r d g a u g e . 6 7 a n d 7 0 - lb . T r a il s a n d 7 0 a n d
a f t e r t a x e s , $ 2 5 ,2 0 2 ; I n t e r e s t , & c ., $ 1 2 ,3 4 5 ; s u r p l u s , $ 1 2 ,8 5 7 .
. g ir d e r r a il s . T o t a l m ile a g e . I n c lu d in g d o u b l e t r a c k . 3 6 m ile s .
R O A D .— O w n s 10 m ile s o f r o a d f r o m A l b l a to f l o c k i n g a n d to I l l t c m a n . 9 0 -lb
O
F
F I C E R S .— P r e s ., C . R . M o rle y . C le v e la n d : V . - P . . D a v id M o rls o n ;
A n e x te n s io n o f 8 lA m ile s to B u x t o n Is u n d e r c o n s t r u c t i o n .
. S . C o o k ; T r e a s . , E . S tr a u s s ; A u d ., A . J . S a m p s o n ; G e n . M g r .,
O F F I C E R S .— P r e s . , L . T . R i c h m o n d . A lb l a ; V . - P . , C . A . R o s s ; S e e ., SF e. c .,L .E M
o w r y .— V . 7 6 . p . 9 7 3 ; V . 8 6 . p . 1 4 6 8 ; V . 9 0 , p . 4 4 8 . 7 0 0 , 1 1 7 1 .
C a lv in M a n n i n g ; T r c a s . & G e n . M g r ., E . C . M a n n i n g , A l b l a .— V . 0 3 , p . 4 6 8 .
0 0 0

8

ALLENTOW N, PA.

1

AM STERDAM , N . Y .

STREET R R .— T h i s r o a d , t o g e t h e r w i th t h e C u y a d u t t a
L E H IG H V ALLEY T R A N S IT CO.— A tr o l le y r o a d . (See m ap on page 8.) E l eAMSTERDAM
c tr ic R y . , w a s c o n s o l id a te d In D e c . 1 9 0 2 w i th t h e F o n d a J o h n s t o w n &
O R G A N I Z A T I O N .— I n c o r p o r a t e d In P e n n s y l v a n i a o n N o v . 3 1 9 0 5 a n d

G lo v c r s v lllc R R . S e c s t a t e m e n t o f t h e l a t t e r In “ R a i lw a y a n d I n d u s t r i a l
Is a r e o r g a n iz a tio n u n d e r f o r e c lo s u re o f t h e L e h ig h V a lle y Traction C o ., t h e S e c t i o n .’’
P h i l a d e l p h i a & L e h ig h V a lle y T r a c t i o n C o ., t h e A lle n to w n & S l a t l n g t o n a n d
t h e C o p la y E g y p t & I r o n to n S t r e e t R y . , a s p e r p la n In V . 7 9 , p 7 3 3 . 1 4 6 2 .
A N D ER SO N , IN D .
Franchises p e r p e t u a l . A voting trust In t h e s h a r e s e x p i r e d In 1 9 1 1 . V . 9 3 ,
IN D IA N A UNION TRA CTION CO.— A t r o l l e y r o a d .
P ’ U n d e r a g r e e m e n t m a d e In J u l y 1 9 0 7 c a r s o f t h e L e h i g h V a ll e y T r a n s i t
I n c o r p o r a t e d In I n d i a n a o n J u n e 9 1 9 0 3 . L e a s e s
n v e t h e i r P h ila d e lp h ia t e r m in a l In t h e P h i l a d e l p h i a R a p id T r a n s i t s t a t i o n U nOioRn GTAr aNc It Zi oAn TCI Oo . No .—
f I n d i a n a f r o m J u n e 3 0 1 9 0 3 f o r 9 9 9 y e a r s . F o r te r m s
a t C h e s t n u t H ill. V . 8 5 , p . 9 9 . H a s s t a r t e d t h r o u g h t r o l le y f r e i g h t s e r v ic e se
c t h a t c o m p a n y b e lo w . I n D e c . 1 9 0 5 a c q u i r e d t h e I n d i a n a N o r t h e r n
b e tw e e n A lle n to w n a n d P h ila d e lp h ia . V . 9 1 . p . 7 1 6 .
T r a c t io n C o ., s u b je c t to $ 5 0 0 ,0 0 0 m t g e . , p r l n . a n d I n t . o f w h ic h Is g u a r a n ­
O w n s t h e fo llo w in g s to c k s a n d le a s e s :
Cap. stock. te e d eb yc o mI n .d si aton cak U($n io5 0n0 ,0T0 0r a) c o. f Ctoh .e VM. u8n1c,le p .H a1 r8t4f 8. . &I nF tA. pWr il. R1 9y0.6 Va c. q8u2i,r epd.
Nam e of C om pany —
Owned. Total issue e8 n0 tir
le a s e d t h a t c o m p a n y , a n d In a d d i t i o n to o p ­
A lle n to w n E l e c tr ic L i g h t & P o w e r C o . ( c o m m o n ) __________$ 1 5 0 ,0 0 0 $ 1 5 0 ,0 0 0 e r a5t,i n8g6 9e, x 1p0.,4 1 I. n t. I no nJ u bn oe n d1 9s ,0 6 Arc.
p a y s a r e n ta l e q u i v a l e n t to 5 % o n I ts
do
do
do
do
( p r e f e r r e d ) -------- 1 0 ,0 0 0
1 5 0 ,0 0 0
d s to c k . S e e V . 8 3 , p . 9 6 . I n J u n e 1 9 0 6
Q u a k e r to w n T r a c t i o n C o ________________________________________ 2 7 5 ,0 0 0 3 0 0 ,0 0 0 a$ c5 q0 u0 i,0r e0 d0 t ch ue mr oualad tiovfet h pe r eMf eurnr ec le
&
U
n io n C i ty T r a c t i o n C o . f r o m U n io n C i ty
S la tl n g t o n P o w e r C o .....................................................................................
5 0 ,0 0 0
5 0 ,0 0 0
R l ttc r s v i lle H o te l C o ..............................................................
1 0 0 ,0 0 0 1 0 tb0oo,0n0Md0su,n cpler in. c ipO awl nas n tdh eI nct oe rme sp ta. n y V’s . e 8n 3t i.r ep .$ 59 06 0. 0 0 0 s to c k a n d g u a r a n t e e s I t s
A lle n to w n & S o u t h A lle n to w n S t . R y _______________________
A ll
(?)
STOCK AN D B O N D S.
Date. Interest. Outstanding. M aturity.
A lle n to w n & S o u t h A lle n to w n B r id g e C o __________________ A ll
(?)
----------------L e a s e o f B e t h l e h e m & N a z a r e t h P a s s e n g e r R a i lw a y C o .: le a s e Is f o r 9 9 9 S to c k , $ 5 ,0 0 0 ,0 0 0 ( $ 1 0 0 )............................................- ......................$ 5 ,0 0 0 ,0 0 0
F i r s t m o r tg a g e $ 5 ,0 0 0 ,0 0 0 1 1 9 0 3 5 g A -O
1 ,6 2 0 ,0 0 0 J u l y 1 1 9 3 3
y e a r s a t 5 % o n s to c k a n d b o n d s .
$ 1 ,0 0 0 ) g o ld ...............................c * f I n t e r e s t a t G i r a r d T r u s t C o ., P h l l a . , T r u s t e e .
L e a s e o f Q u a k c r to w n T r a c . f o r $ 1 5 ,0 0 0 p e r a n n u m . I n 1 9 1 1 o ffe r o f
5 0 0 ,0 0 0 O c t 1 1 9 3 3
L e h i g h V a lle y T r a n s . C o . to a c q u i r e Q u a k c r to w n T r a c . b o n d s w a s a c c e p t e d I n d i a n a N o r t h T r a c f ir s t m tg e ) 1 9 0 3 5 g A -O
$ 5 0 0 ,0 0 0 g o ld ($ 1 0 0 . $ 5 0 0 / I n t e r e s t a t T r e n t o n ( N . J . ) T r u s t & S a f e D c b y g r e a t b u lk o f b o n d h o ld e r s . V .9 1 ,p .7 1 6 , 1 0 9 6 ; V .9 2 ,p .3 2 3 , 5 2 8 , 6 6 0 , 8 8 2 .
a n d $ 1 ,0 0 0 ) g u a r _________ c* J p o s it C o ., T r u s t e e .
B y o w n e r s h ip o f a m a j o r i t y o f s to c k o f A lle n to w n E l e c . L t . & P o w e r C o .,
M H & F t W f ir s t m o r tg a g e ) 1 9 0 5 5 g J - J
9 6 1 ,0 0 0 J a n 1 1 9 3 5
l t c o n t r o l s t h e b u s in e s s o f t h e fo llo w in g li g h t , h e a t a n d p o w e r c o m p a n i e s :
$ 1 ,0 0 0 ,0 0 0 g o ld ( $ l , 0 0 0 ) c * / l n t . a t G u a r d . S a v .& T r .C o .,C le v c ., T r u s t e e .
A lle n to w n E l e c tr ic L i g h t & P o w e r C o .
5 g J-J
9 2 5 ,0 0 0 J u l y 1 1 9 3 6
B e t h l e h e m E l e c tr ic L i g h t C o .
1 L e a s e d t o t h e A lle n to w n E l e c tr ic M u n & U n C M $ 9 2 5 ,0 0 0 ) 1 9 0 6
g u a r a n t e e d g o ld ($ 1 ,0 0 0 )c * J I n t . a t F i d e l i t y T r u s t C o .. P h l l a . , T r u s t e e .
S o u t h B e t h l e h e m E le c . L i g h t C o ./ L i g h t & P o w e r C o .
B onds.— O f th e $ 5 ,0 0 0 ,0 0 0 b o n d s o f 1 9 0 3 , $ 3 ,3 8 0 ,0 0 0 a r e r e s e r v e d fo r
C i tiz e n s ’ E le c . L i g h t , H e a t i n g & P o w e r C o . o f S l a t l n g t o n a n d W a l n u t p o r t .
e x te n s io n s a n d I m p r o v e m e n ts , b u t c a n o n ly b e Is s u e d w h e n n e t e a r n in g s a r e
I n O c t. 1911 p u r c h a s e d t h e M o n tg o m e r y T r a c t i o n C o . V . 9 3 , p . 9 4 0 .
STOCK AN D BO N D S—
Date. Interest. Outstanding. M aturity. p1 a y mtiemn et ss toI n t eUr en siot nc hTa rragcetsi o on n Coou. t s t $a 1n 7d 9i n,0g0 0b oonf d st h eo v$e 1r ,6a2n0d,0 0a b0 obvoe n dr es not au lt
C o m m o n . $ 3 ,0 0 0 ,0 0 0 , p a r $ 5 0 ....................................................$ 2 ,9 9 7 .3 5 0
4 ,9 7 9 .6 8 7 N o v . ’l l , 1 % ab roen dh se,ldb eInc a smine k oinpge rfaut ni vde. o nS inJ uk liny g 1f u1n9 d0 .4 . 1 4F%u n dp e Isr aton n ub me i no fv eosutet sdt a Inn d it nh ge
P r e f e r r e d , $ 5 ,0 0 0 ,o o u . p a r $ 5 0 ) -------5 Vo, c u m . a f t e r N o v 3 1 9 1 0 /
d ra w n a t 105
1
9
0
5
4
-5
g
M
-S
4 ,9 5 7 ,0 0 0 D e c 1 1 9 3 5 ab no dn d Isn ta. t o nn o at n ayb oI nv tee r 1e 0s 5t da an yd . I nTt eh ree sItn, d ai an nd a bNo on rdtsh e mr na y'F rbaec tio
F i r s t m o r tg a g e , $ 5 ,0 0 0 ,0 0 0
n b o n d s a re
G u a ra n ty T r u s t C o. , N ew Y o rk , T ru s te e .
g o ld $ 1 ,0 0 0 ) .
a n d I n t e r e s t o n s ix w e e k s ’ n o tic e . V . 8 2 , p . 8 0 5 .
3 5 4 ,0
. 0 0 D e c 1 1 9 35 sTuhbej eMc t u ntoc lec aHll a ar ttf o1r0d5 &
C o n s o l m o r tg a g e , $ 7 ,5 0 0 ,0 0 0 , 1 9 0 5 4 -5 g J - D
F
o
r
t
W
a
y
n
e
b
o
n
d
s
c
a
n
b
e
c
a
lle
d
J
a
n
.
L e h ig h V a lle y T r . & S . D . C o ., A l le n to w n ,T r a f t e r , a t p a r . A sinking fund o n th o s e b o n d s o f 2 4 % o f g ro s s1 e1 a9 r2n5i,n go sr
g o ld ( $ 1 ,0 0 0 ) .
R e f & I m p . m tg e $ 1 5 ,0 0 0 ,0 0 0 1 1 9 1 0 5 g J - D
3 ,6 2 5 ,0 0 0 J u n e 1 1 9 6 0
g ($ 5 0 0 a m i $ 1 ,0 0 0 ) _____c * j L e h i g h V a l. T r . & S . D . C o .. A l le n to w n , t r u s . pr eetri r ae nd n. u mT h be e gMa nu nJculel y <5c1 U1 9n 0io5 n. CSietye Vb o. n8d0s, ap r. e 1 0s 5u 9b. j e c$t 3 6to,0 0 c0 a llh a vaet b 1e 0e 5n ;
B e th & N a z a r S t R y s t o c k .......................................................
1 5 0 ,0 0 0 5 % g u a r
g u a r . , n . a n d 1 ., b y I n d . U n . T r a c .
B o n d s ........................................................................
5
M -N 1 5 0 ,0 0 0 M a y 1 1 9 2 9 a r eStock
.— L i s te d o n P h ila d e lp h ia S to c k E x c h a n g e In M a y 1 9 0 5 .
A l l e n t . & S . A l l e n t . B d g o b d s . ------5%
S ee te x t
............................
R
— F o r t h e c a l e n d a r y e a r 1 9 1 0 w a s : G r o s s , $ 2 ,3 6 4 ,6 2 8 ; n e t ,
M o n tg T r a c 1 s t M $ 2 5 0 ,0 0 0 1 1 9 0 5 5 g J - J
2 5 0 ,0 0 0 J u l y 1 5 1 9 3 5 $ 1 ,1 E2 5P,3O1R4 ;T . fix
e d c h a r g e s . I n c lu d in g d i v id e n d s o n s to c k s o f U n io n 'F r a c tio n
($ 1 ,0 0 0 ) g c a ll a t 1 0 5
c / I n t . a t E . P .W i l b e r T r . C o . , S o . B e t h . , P a . , T r .
o
f
I
n
d
i
a
n
a
a
n
T h e L e h ig h V a lle y T r a n s i t h a s a g r e e d to g u a r . , p . & I . , $ 2 2 5 ,0 0 0 5 % $ 1 0 1 ,7 4 0 . I n d 1 9M0 u9 n, cgler o sHs .a r$t 2f o,1r 0d 3 ,0& 1 9F ;t . nWe t a, y$n9e8 9R,5y9. 0, . $ 1 ,0 2 3 ,5 7 4 ; s u r p l u s ,
b o n d s ($ 1 ,0 0 0 ) o f A lle n to w n & S o u t h A l le n to w n B r id g e C o . T h e b o n d s
R O A D .— B e s id e s t h e c i t y lin e s In M a r lo n , A n d e r s o n , M u n c le , a n d
h a v e a ll b e e n s u b s c r ib e d f o r , b u t m tg e . h a s n o t b e e n d r a w n u p . V . 9 3 , p .
E lw o o d , o w n s a n I n t e r u r b a n r o a d f ro m A n d e r s o n ( v ia L l n w o o d , A l e x ­
1786.
Bonds.— Ot t h e $ 5 ,0 0 0 ,0 0 0 fir s t m t g e . , $ 2 ,7 7 0 ,0 0 0 b e a r 4 % I n t e r e s t a n d aHnodmr iea) , t o S Mu ma rmloltn v, lwllei th, aF ba rl ra mn cohu nf rot , m J Ao nl ee xs ba no dr or ia, (Gv aias O Cr eistyt e s aanndd SD ouldn diee res) ’
a r c a ll o u t a n d $ 2 ,2 3 0 ,0 0 0 a r e 5 s . $ 3 0 0 ,0 0 0 o f th e s e b o n d s w e re r e s e r v e d
to t a k e u p t h e $ 3 0 0 ,0 0 0 Q u a k c r to w n T r a c t i o n b o n d s . S e e V . 8 2 . p . 6 2 8 . t o E lw o o d , a n d f ro m E lw o o d to T i p t o n ; a ls o a n I n t e r u r b a n li n e f ro m
I n t e r e s t a t B r o w n B r o s . & Co., P h i la d e lp h ia . T h e f ir s t m tg e . b o n d s a r e M u n c le , v ia Y o r k to w n , D a I cv IHc , C h e s te r f ie ld , A n d e r s o n , P e n d l e t o n .
r e d e e m a b l e o n a n y I n t e r e s t d a t e , t h e 4 s a t 1 0 5 a n d t h e 5 s a t 1 1 0 . O f t h e I n g a lls , F o r tv il le , M c C o rd s v llle a n d L a w r e n c e , t o I n d ia n a p o l is ; a ls o a n
c o n s o ls $ 2 ,5 0 0 ,0 0 0 4 s w e re o u t s t a n d i n g b u t $ 2 ,1 4 6 ,0 0 0 h a v e b e e n e x c h a n g e d I n t e r u r b a n lin e f ro m L o g a n s p o r t, v ia K o k o m o , T i p t o n , A t l a n t a , A r c a d i a ,
f o r r e f . A I m p r o v . b o n d s . I n t . o n t h e c o n s o l, b o n d s Is p a y a b l e a t t h e c o m ­ C ic e ro . N o b le s v llle , C a r m e l , B r o a d R i p p l e , t o I n d i a n a p o l i s , a n d f r o m P e r u
p a n y ’s o fflc o o r a t o ffic e o f B r o w n B r o s . & C o ., P h i l a d e l p h i a . T h e s e b o n d s t o K o k o m o ; t o t a l t r a c k a g g r e g a t e s 2 1 0 m ile s o f I n t e r u r b a n a n d 5 0 m ile s o f
a r c n o t s u b j e c t to c a ll. O f t h e $ 1 5 ,0 0 0 ,0 0 0 r e f . <fc I m p r o v b o n d s $ 5 ,0 0 0 ,0 0 0 c i t y lin e s , s t a n d a r d g a u g e . A ls o a lin e f r o m A n d e r s o n t o M id d le to w n .
a r e r e s e r v e d to r e t i r e 1 s t M . b o n d s ; $ 3 5 4 ,0 0 0 fo r c o n s o l, m tg e . b o n d s ; 10 m ile s , p u t In o p e r a t i o n A u g . 1 , 1 9 0 5 ; lik e w is e I n d . N o r t h . T r a c . 2 0 m ile s
$ 5 ,7 8 2 ,0 0 0 f o r a d d i t i o n s , b e t t e r m e n t s a m i I m p r o v ’t s , a n d $ 2 ^ ,0 0 0 fo r o f t r a c k b e tw e e n M a rlo n a n d W a b a s h . a l s o M u n c le H a r t f . & F t . W a y n e R y . .
g e n e r a l p u r p o s e s . B o n d s a r e r e d . a t 1 0 5 a n d i n t . o n o r b e f o r e J u n e 1 1 9 2 0 4 2 m ile s , fro m M u n c le t o B lu f f to n . v ia E a t o n , H a r t f o r d C i t y ,M o n t p e l i e r ,
a n d a t 1 1 0 a n d I n t . t h e r e a f t e r . V . 9 2 , p . 1 8 7 . I n t . Is p a y a b l e a t o ffic e K e y s to n e a n d P o n e t o a n d M u n . <5c U n io n C i ty . 3 4 m ile s , f r o m U n io n
C i ty to M u n c le ; t o t a l . 3 6 6 m ile s o f t r a c k . T h r o u g h c a r s a r e r u n b e tw e e n
o f B r o w n B r o s . & C o ., P h i la d e lp h ia .
I n d ia n a p o l is a n d F o r t W a y n e In c o n ju n c t io n w i th t h e F t . W a y n e &
Dividends.— I n i t i a l d iv id e n d o n p r e f e r r e d — 1 % — p a i d N o v . 10 1 9 1 1 .
W a b a s h V a lle y T r a c t i o n C o . V . 8 3 . p . 1 1 0 2 . P r o v i d e s package freight
5*8* R E P O R T . — F o r fis c a l y e a r e n d in g N o v . 3 0 1 9 1 1 :
b e tw e e n I n d i a n a p o l i s a n d M u n c le a n d I n d i a n a p o l i s a n d L o g a n s ­
Fiscal
Passenger Other
Total
Net
Fixed Balance, service
+ Ycar —
Receipts. Income. Income. E arnings. Chges.,Ac. Surplus. p o r t a n d P e r u , a n d t o a l l o t h e r p o i n t s o n t h e s y s t e m . O p e r a te s t h r o u g h
1 9 1 0 - 1 1 ____ $ 1 ,1 4 1 ,1 3 8 $ 2 0 0 ,5 8 0 $ 1 ,3 4 1 ,7 1 8 $ 7 4 9 ,2 6 0 $ 4 5 4 ,5 8 4 $ 2 9 4 ,6 7 6 fNr eo ivg.h 1t 9s3e3r vcica res ba er ctwr eu enn o Ivnedr iat rna ac pk os l iso f aI nn dd i aFn ta. p oWl i as ySn ter .e e t BRy y .c oInn t Ir na cd ti a un na tpi l­
1 9 0 9 -1 0 _____ 1 .0 4 2 .9 6 9 1 6 6 .7 0 8 1 .2 0 9 ,6 7 7 6 4 7 ,3 3 3 4 3 7 ,1 3 3 2 1 0 ,2 0 0 o lis . S in c e J u n e 1 9 0 9 c a r r ie r express m a t t e r p e r c o n t r a c t w i th U . S . E x p r e s s
^ T .R O A D .— O w n s 1 2 1 .7 m ile s o f r o a d a n d 1 4 .6 m ile s o f s e c o n d t r a c k , c o n ­ C o . A la r g e c e n tr a l p o w e r s t a t i o n , w i th n e c e s s a r y s to r a g e b a t t e r i e s , a t
n e c t i n g A l le n to w n , B e t h l e h e m , S o u t h B e t h l e h e m , I lc l l c r t o w n , N a z a r e t h , A n d e r s o n , o p e r a te d o n a th r e e - p h a s e s y s t e m , w i th 19 s u b - s t a t i o n s , lik e w is e
S ie g f r ie d s , C o p la y , C a t a s a u q u a , E g y p t , E m a u s , M a c u n g le , S l a t l n g t o n , e q u ip p e d w i th s to r a g e b a t t e r i e s , o p e r a te s e n t i r e s y s t e m .
Q u a k c r t o w n , P c r k a s le , L a n s d a le , N o r r i s to w n , A m b l e r a n d P h ila d e lp h ia .
1 5 0 c it y c a r s . 7 3 I n t e r u r b a n c a r s , 2 5 f r e i g h t c a r s a n d
L e a s e s 10 m ile s a n d c o n tr o ls 1 0 .5 m ile s t h r o u g h s t o c k o w n e r s h ip . T o t a l 7 0 Es eQr vUicI Pe Mc aEr sN; Tt o.—
ta l. 3 1 8 .
o p e r . 1 5 6 .8 m . 151 p a s s e n g e r , 5 e x p r c s s - a n d - f r c lg h t a n d 2 8 n d s c . c a r s .
O
F
F
I
C
E
R
S
.—
P
r
e
s , A . W . B r a d y , A n d e r s o n ; 1 s t V . - P . , J . L e v e r in g
A 2 ,0 0 0 - f t. b r id g e b e tw e e n A l le n to w n a n d S o u t h A l le n to w n Is to b e b u i l t
J o n e s , P h l l a . ; 2 d V .- P , W . K c s le y S c h o c p f , C i n c i n n a t i: S e c . a n d T r e a s . .
b y t h e c o n tr o lle d A lle n to w n & S o u t h A l le n to w n B r id g e C o .
O F F I C E R S .— P r e s ., R . P . S te v e n s ; V . - P ., J o h n C . D a w s o n ; S e c . a n d W m . I I . F o r s e J r . . A n d e r s o n ; G e n . V J r r., H . A . N lc h o ll. G e n e r a l o ffic e s
T r e a s . . C h a s . N . W a g n e r ; A u d ., C . M . W a l t e r .— V . 9 0 , p . 8 4 9 , 1 1 7 1 , 1 3 6 3 , a n d t r a n s f e r o ffic e s , A n d e r s o n , I n i . — V. 8 3 . p . 3 7 . 9 9 . 3 8 8 ; V . 8 6 . p 4 2 1 ;
1676; V . 91. p . 154, 716, 1025. 1096, 1328. 1 5 74M 629: V 92. p . 187. 623, V . 8 7, p . 226: V . 8 8 , p . 624, $ 7 9 ; V . 0 0 . p . 627; V . 91, p . 2 1 2 : V . 9 2, p .
659. 1176.
7 2 5 , 8 8 2 ; V . 9 3 , p . 871 4 0 . 1 0 22 , 1 7 25 , 1786
~
^




E L E C T R IC R A IL W A Y S

v

\C
^

H

B yers

E

S

/ riurm
H;

J y<E

LINES OF

L E H IG H V A L L E Y T R A N S IT
C O M PA N Y
AND

E L E C T R IC

R A IL W A Y C O N N E C T I O N S

L E H IG H V A LL EY T R A N S IT C O .
C O N N E C T IN G & O T H E R E L E C T . R Y S .
L IN E S T O B E C O N S T R U C T E D
A U T O M O B IL E L IN E L. V . T . C O .




VOL. LXXXXIV.

J an ., 1912.J

E L E C T R IC R A IL W A Y S

(1) Union Traction Co. of Indiana. —A trolley road.

O R G A N IZ A T IO N .— Incorporated M ay 28 1903 as a consolidation of the
U nion T ractio n Com pany of In d ian a (Incorporated on Ju n e 27 1809) and
th e Indianapolis N o rth ern T ractio n Co. (In co rp orated In A pril 1902).
O n consolidation a 70% stock div idend w as paid to U nion T ractio n sh are ­
holders, calling for $3,500,000 ad d itio n al com m on sto ck . V. 76, p. 1302.
L eased Ju n e 30 1903 to th e n ;wly form ed In d ia n a U nion T raction Co.
for 999 years. T he lease, as r. odifled Ju n e 15 1904, provides for 5% on
U nion T ractio n Co. prcf. sto ck an d dlvs. on com . ranging from 1% to 6% ,
based on gross earnings of all prop erties op erated by lessee, ex cep t prop er­
ties leased a fte r Ju n e 15 1904. V. 79, p. 2455. Franchises are generally
fo r 50 years.
T he Indian ap olis N orthern T ractio n assum ed p a y m e n t of principal and
In terest of half ($200,000) of th e bonds on th e B road R ipple T raction Co.
a n d also half of th e In terest of th e rem aining $200,000 bonds lo r 10 years
from M ay 1 1903. See V. 78. p. 1167
S T O C K A N D B O N D S — Date.
Interest. Outstanding. M aturity
C om m on, $7,500,000 ($100)................
J-J
$7,500,000 J a n . '1 2 ,1 %
P f, 5 % , c u m .$1,000 .0 0 0 ($ 1 0 0 ) ____ 5 A -0
i , 0 0 0 ,0 0 0 Oct* 1 1 , 2 H %
A nderson Elec S t 1st m tg . g) 1892 6 g J -J
150,000 Ju ly 1 1912
$1,000 e a c h )_____ ____c /I n t. a t F arm . L . & T C o.. T ru stee . N . Y. C
C itizens 1st m tg $250,000,1 1897 6 g J-D
110,500 Dec 1 1927
•s f, su b je c t to call a t 1 0 5 ,^ In terest a t G uar. T ru st A S afe D eposit Co.,
denom $500 an d $ 1 ,0 0 0 .c*J P h ilad elp hia, T ru stee.
M arlon C ity 1st m tg , $400.-1 1805 6 g M-N
343,000 M ay 1 1915
000, gold ($1,000).............._cl In te re st a t T ru st Co. of A m erica. N . Y.
1st gen m tg , $5,000,000, goldl 1899 5 g J -J
4,387,000 Ju ly 1 1919
($1,000)
. . c A r* J ln t. a t T ru st Co. of A m er., N . Y ., T rustee.
Indian ap olis N or T rac 1st) 1902 5 g J-J
5,000,000 Ju ly 1 1932
m tg $5,000,000, g ($1,000) . In te re st a t T ru st Co. of A m erica, N ew Y ork
guar p an d 1 by Un T rac.c* J T ru stee.
Stock and Bonds.— Of the $5,000,000 general m o rtg age, $613,000 a ie
reserved for underlying bonds. See V. 71. p. 1013. C om m on a n d prcf.
stock an d gen. m ortgage bonds are listed on P h ilad elp h ia S tock E xchange.
Prcf. sto ck Is redeemable a t par and unpaid d iv idend s, on 30 d a y s’ notice.
D ividends. — Pref. stock of Union T ra c t. Co. d a te s from Ja n . 1 1901.
F irst dlv O ct. 1. 1901 (for 9 m os., J a n . 1 to S ep t. 30), 3 ^ % ; 1902 to 1911
Incl., 5% per an n u m . O n com . hav e been: In 1903, Ju ly , 1% ; In 1904,
1 H % : 1907, 1 1 1 % ; 1908. J a n ., 2-3% : then none (V. 87, p . 227) to Ju ly
1909, w hen W% w as paid ; in 1910, 1 2-3% ; In 1911, 2 1-5% ; In 1912,
J a n ., 1 % .— V . 86, p . 1591; V. 87, p . 227, 286.

A N N IS T O N , A L A .

ANNISTON ELECTRIC & GAS CO.

O R G A N IZ A T IO N .— Incorporated In New Jersey In 1899 to ta k e over
the A nn iston E lectric Co. an d th e O xford L ake L ine, sold a t foreclosure
A ugust 1899; also acq uired a t receivers’ sale th e A nn iston G as A L ight Co.
STO C K A N D B O N D S— Date. Interest. Outstanding. M aturity .
Stock, $250,000 ($100)....................
................
$250,000 No<llvs paid
1st m tg c, $300,000 ($100,1 1899 5 g J-D
300,000 Dec 1 1929
$500) g o ld ........................... c * jln t. a t B alt. Safe D ept. A T r. C o., T ru stee .
Bonds. - E n tire Issue m ay be called a t 105 a n d In t. Sinking fund of 1 %
of bonds o u t bceam o op erativ e on D ec. 1 1905, b u t to bo av aila b le for bond
red em ptio ns only If th e m oney c an n o t bo ad v an tag e o u sly em ployed "fo r
th e acq uisition of perm an en t extensions a n d a d d itio n s."
E A R N IN G S .— For calen d ar year 1911, gross, $155,248; n e t, a fte r taxes,
$50,861; fixed charges, $15,000; o th e r ded uction s, $11,057; su rp lus, $2 1,804.
In 1910, gross, $133,593; n et, a fte r tax es, $15,262; fixed charg es, $15,000;
o th e r ded uction s, $10,934; su rp lu s, $19,328.
R O A D .— O perates 10 m iles of ro ad from A nn iston to O xford L ak e,
Includ ing 5 m iles of trac k on city streets.
O F F IC E R S .— P res., S . Z. M itchell, N ew Y ork; V .-P s., F . L . D am e.
N . Y ., a n d R . A . M itchell, G adsden, A la.; Sec. an d T rcas., H . M . F ran cis,
N . Y.; A sst. Sec. a n d A sst. T rcas., E . P . S um m erson, N . Y .; G en. M gr.,
R . L . R a n d , A nn iston .— V. 68, p. 928; V. 09. p. 283.

A SBU R Y P A R K , N . J.

ATLANTIC COAST ELECTRIC R Y —Trolley.

O R G A N IZ A T IO N .— Incorporated In New Jersey on D ec. 8 1905 as
successor to th e A tlantic C oart Elec. R ailroad Co., sold u n d er foreclosure of
th e general m ortgage of th e la tte r. Leases th e Seashore E lectric R y . of
A sbury P ark un til Ju n e 6 1937 a t $10,000 per year an d ow ns $150,000 of th e
$200,000 to ta l c ap ital stock of la tte r com pany (m aking n et rentAt $2,500),
an d ow ns all of th e stock of the W est End A L ong B ranch R y . and of th e
A sbury P ark A Sea G irt R R ., th e form er Is leased from A ug. 3 1896 un til
Ju ly 17 1945 a t a nom inal ren tal, and th e la tte r for 99 y ears a t 6 % on stock
from A ug. 27 1898; b o th stock and bonds of A sb. P a rk A S. G. are ow ned.
Also e n tire stock ($100,000) of th e A tlan tic C oast E lectric L ight C o., w hich
supplies th e electric ligh ts of A sbury P a rk , A llenhu rst. B elm ar, O cean
B each, Como an d S pring L ake. T he S eacoast T ractio n Co. (capital
$100,000), runn ing from B elm ar to S pring L ake, 2 m iles, h as been leased
to th e A tla n tic C oast E lectric R y . for 99 years; Its stock an d bonds are
ow ned. Franchise In B elm ar expires In 1947; In A sbu ry P a rk In 1937; In
Long B ranch, som e expire In 1945 an d o th ers are perp etu al; In O cean T ow n­
ship, perp etu al; In Sea G irt, expire In 1915, 1926 an d 1956 franchises of
Seacoast T raction Co. are p erpetual.
D iv. or
STO C K A N D BO N D S.— Date. Interest. Outstanding. M aturity
S tock $1,000,000 ($100).................................................. $1,000,000 In t o l l 3%
1st m ortgage gold $1,000,-1 1895 5
g
M -N 800,000
000 ............. . ........................./ I n t. a t K nickerbocker T r. C o., N. Y ., T ru s.
Gen m tge $1,000,000 gold) 1906 5
g
J -J 1,000.000
($1,000) . ..............................c jIn te re s t a t C entral T ru st C o., N. Y ., T ru stee .
ScM horo 101 R y s to c k .................................................. .
200,000 . ....................
Seashore E lectric R y 1st? 1892 6 g J -J
200.000
191?
m o rtg age $200,000 ----------- ( In t. a t S eacoast N a t'l B ank, A sbu ry P k .,N .J .
A tlantic C oast Electric L ight) _____
5 J-D
241,000 Ju n e 1 1945
F irst m ortgage $ 5 0 0 ,0 0 0 )In t. a t A sbury P a rk A O cean G rove Bk.»
g o ld ................................................J A sb. P k . M orton T r. Co. N . Y ., tru stee.
Bonds. — Of th e $1,000,000 firsts, $200,000 arc reserved to retire a like
am o u n t of Seashore R y. 6s. T he la tte r are su b ject to call a t 105. E n tire
bonds a n d stock of th e A sbu ry P ark A Sea G irt ($50,000 each) an d th e Sea­
coast T rac. Co. ($100,000 each) arc deposited u n d er th e new general m tgc.
R O A D .— B elt lin e In A sbury P a rk a n d extend s from A sbu ry P ark
thro u g h L ong B ranch to P leasure B ay, a b o u t 24 m iles, of w hich 10.12 miles
Is ov er p riv a te rig h t of w ay; V. 66, p. 616. Also from A sbury P a rk to
Sea G irt, a b o u t 9 m iles, single tra c k . C onnects a t P leasure Bay w ith th e
New Y ork A Long B ranch S te a m b o a t Co.
R E P O R T .— Y ears ending D ec. 31:
1911.
1910.
1909.
1008.
1907.
Gross e a rn in g s ____- ............$422,755 $402,495 $389,619 $343,056 $305,465
O p eratin g exp en ses............. 216,014 198,547 191,791 164,345 139,002
- *j .
-------------------------------------------------------- ---------------------------------------• N ot earn s, from o p e r .. .$206,741 $203,948 $197,828 $178,711 $166,463
£ .I n 1911, m lsc. Inc., $2,308; fixed charges, $125,099; su rp lu s, $83,950.
O F F IC E R S .—-P res., S. F . H azclrlgg. N . Y .; T re a s.. II. H . Rogers;
SCO.. G . B . Cade; S u p t., C E . Ile re th .— V. 81, p 974, 1435, 1722.

ASHEVILLE, N. 0.

ASHEVILLE ELECTRIC CO.

O R G A N I Z A T I O N .— T h e A s h e v ille E l e c tr lo C o . la a c o n s o l id a tio n o f t h e
A s h o v llle S t r e e t R R . . t h e I n t c r m o n t a n e R R . , t h e A a h o v llle & l l l l t m o r e S t .
I l y . & T r a n s . C o . a n d t h e A s h e v ille E l e c tr ic C o . O w n s R i v e r s id e P a r k .
S T O C K A N D B O N D S — Date.
Interest. Outstanding. M aturity.
C o m m o n . * 7 5 0 ,0 0 0 ( * 1 0 0 ) .........................
...................
$ 5 3 2 ,5 0 0 N o d lv s p a id
P r e f e r r e d , 0 % c u m , $ 2 2 2 ,0 0 0 -------Q J
2 2 2 .0 0 0
S ec te x t
F i r s t m o r tg a g e $ 3 ,5 0 0 ,0 0 0 1 1 0 0 0
5 g J-J
1 .0 0 0 ,0 0 0 J u l y 1 1 0 3 0 ,
($ 1 ,0 0 0 ) g o ld ............................c * J I n t . a t O ld C o lo n y T r u s t C o ., B o s t o n , T r u s t e e
R e m a i n i n g b o n d s m a y b e Is s u e d f o r a d d i t i o n s a n d I m p r o v e m e n ts
u n d e r c e r t a i n r e s tr ic ti o n s . A s in k in g f u n d b e g in s In 1 9 1 4 a n d c o n tin u e s to
a n d I n c lu d in g 1 0 3 8 . B o n d s a r e s u b j e c t to c a ll o n a n d a f t e r J u l y 1 1 0 1 4
a t 1 0 5 a n d I n t e r e s t o n a n y I n t e r e s t d a y o n 3 0 d a y s ’ n o tic e . V . 8 0 , p . 8 4 8 .
Dividends.— O n p r e f . h a s p a i d 6 % p e r a n n u m s ln c o J u l y 1 0 0 8 .
E A R N I N G S .— I 'o r c a l e n d a r y e a r 1 0 1 1 , g r o s s , $ 3 3 5 ,7 7 0 ; n e t , $ 1 0 8 ,0 3 8 ;
fix e d c h a r g e s , $ 5 0 ,0 0 0 ; o t h e r d e d u c t io n s , $ 4 ,4 4 2 ; s u r p l u s , $ 5 3 ,5 0 4 . I n
1 9 1 0 , g r o s s . $ 3 0 9 ,5 5 3 ; n e t , $ 7 8 ,4 8 1 ; fix e d c h a r g e s , $ 5 0 ,0 0 0 ; o t h e r d e d u c ­
ti o n s , $ 4 ,6 1 6 ; s u r p lu s , $ 2 3 ,8 6 5 .




9

R O A D .— O p e r a te s 1 2 .2 7 m il e s , s t a n d a r d
c lu d in g s e c o n d t r a c k a n d s id in g s 1 4 .1 6 m ile s ;
O F F I C E R S .— P r e s ., J . E . R a n k i n ; V . - P .,
S e c . a n d M g r ., H . W . P lu m m e r ; T r e a s . , H . M .
— V . 89, p. 410. 846.
_

g a u g e . In A s h e v ille ; I n ­
33 c a rs.
C . N . M aso n , N ew Y o rk ,
F ra n c is , 62 C e d a r S t., N . Y .

ASHTABULA, OHIO.

ASHTABULA RAPID TRANSIT CO.

I n F e b . 1 9 0 7 c o n tr o l o f t h i s r o a d w a s a c q u i r e d b y L . A . R o b is o n . P r e s ,
o f t h e P e n n . A O h io R y . , a n d a s s o c ia te s .
O R G A N I Z A T I O N .— C h a r t e r e d O c t. 7 1 8 9 0 .
STOCK AND BONDS—
Date. Interest. Outstanding. M aturity
S t o c k , $ 5 0 0 ,0 0 0 ......................- .....................................................
$ 5 0 0 ,0 0 0 .............................
1 s t m t g e , $ 7 5 ,0 0 0 , g o ld ,) 1 8 9 1
6 g J-J
7 5 ,0 0 0 S e e t e x t
($ 1 ,0 0 0 ) _______________ c * A r j l n t . a t C e n t r a l T r u s t C o ., T r u s t e e . N . Y . O .
2 d m tg e , $ 5 0 0 ,0 0 0 ...............................1 1 9 0 7
5 M -S
3 7 2 ,0 0 0 S e p t 15 1 9 2 7
) C itiz e n s S . A T . C o ., C l e v e l a n d , t r u s t e e .
Bonds. — $ 7 5 ,0 0 0 2 d m tg e . b o n d s a r e r e s e r v e d f o r p r i o r lie n s a n d $ 5 3 ,0 0 0
a r e in t r e a s u r y o f c o m p a n y . 1 s t M . b o n d s o r i g i n a l l y m a t u r e d J u l y 1 1 9 11
b u t w e r e e x t e n d e d 1 0 y e a r s to J u l y 1 1 9 2 1 .
E A R N I N G S .— Y e a r e n d in g D e c 31 1 9 1 0 , g r o s s $ 7 3 ,3 0 6 ; n e t , $ 2 6 ,7 6 4 .
R O A D .— O p e r a te s 5 m ile s o f t r a c k o n 5 m ile s o f s t r e e t .
O F F I C E R S .— P r e s ., L . A . R o b is o n , P i t t s b u r g h ; S e c . A T r e a s . , W y n B .
M o rris , P i t t s b u r g h ; G e n . S u p t . , P a l m e r W a r d r a a n , A s h t a b u l a . V . 8 5 , p .4 6 8 .

PENNSYLVANIA & OHIO RY.—A trolley road.

T h e s a m e I n te r e s t s c o n tr o l t h e A s h t a b u l a R a p i d T r a n s i t C o .
O R G A N I Z A T I O N .— I n c o r p o r a t e d M a rc h 1 7 1 8 9 8 .
S T O C K A N D B O N D S — Date.
Interest. Outstanding. M aturity
•S to c k ($ 1 0 0 ) ,$ ,
a u t h ........................................
$ 1 ,3 0 0 ,0 0 0 .............................
1 s t m tg e $ 6 0 0 ,0 0 0 g o ld ,) 1 9 0 1 5 g M -S
. 6 0 0 ,0 0 0 M c h 1 5 1 9 2 1
$ 5 0 0 e a c h .....................................c * l l n t . a t C i tiz e n s ’ S a v . A T r . C o .. C le v ., T r u s .
J e lT e rs o n D iv is io n ( $ 5 0 0 ) ,1 1 9 0 2 5 g M -S
1 0 0 ,0 0 0 M c h 15 1 9 2 2
$ 1 0 0 ,0 0 0 ---------------------------------- ) l n t . a t C i tiz e n s ’ S a v . A T r . C o ., C l e v ., T r u s .
G e n . m t g e . , $ 9 0 0 ,0 0 0 , g o ld ) 1 9 0 6
5 g M -S
2 0 0 ,0 0 0 S e p t 15 1 9 2 6
($ 5 0 0 ) -------------------- -------------c j l n t . a t C i tiz e n s ’ S a v . A T r . C o ., C l e v ., T r u s .
Bonds.— O f t h e n e w g e n . m t g e . b o n d s , $ 7 0 0 ,0 0 0 a r o r e s e r v e d t o r e t i r e
p r io r lie n s .
E A R N I N G S .— F o r c a l e n d a r y e a r 1 9 1 0 , g r o s s , $ 1 1 5 ,4 0 4 ; n e t . $ 4 8 ,3 7 3 .
I n 1 9 0 9 , g ro s s , $ 1 0 6 ,5 4 5 ; n e t , $ 4 1 ,6 3 2 .
R O A D .— O w n s a n d o p e r a te s t h e C o n n e a u t c i t y li n e , 3 m il e s , and h a s
b u i l t w e s t w a r d fro m C o n n e a u t t o K in g s v ille & A s h t a b u l a , 13 m il e s , and
s o u t h f r o m A s h t a b u l a t o J e f f e r s o n , 10 m ile s ; t o t a l , 26 m ile s .
O F F I C E R S .— P r e s ., L . A . R o b is o n , P I t t s b . ; S e c . a n d T r e a s . , W . B
M o ir i s , P I t t s b . ; G e n . S u p t . , P a l m e r V V a rd m a n . O ffic e a t A s h t a b u l a .—
V . 8 2. p . 929, 987.
1

6 0 0 ,0 0 0

ATCHISON, KANSAS.

ATCHISON RAILWAY. LIGHT & POWER CO.

O n J u n e 3 1 9 1 0 c o n tr o l o f c o m p a n y w a s a c q u i r e d b y s y n d i c a t e h e a d e d b y
W . B . M c K in le y . P r e s i d e n t o f I llin o is T r a c t i o n C o . V . 9 0 , p .1 5 5 3 .

O R G A N IZ A T IO N .— Successor In 1895 of th e A tchison R y. Elec. L. A P .
Co. C ontrols electric railw ay , ligh ting and gas pro p erties of A tchison.
O n O ct. 4 1910 shareholders v oted to Increase stock from $900,000, of
w hich $400,000 w as p ref., to $1,500,000, all one class, and to m ak e a m tg e.
for $1,500,000, of w hich $750,000 w as Issued Im m ediately to ta k e up
$400,000 prcf. sto ck , re tire prior b on d s, an d for Im provem ents, A c. V . 91,
p. 1024, 1094. 1628.
STO CK A N D BON D S— Date. Interest. Outstanding . M aturity.
S tock, $1,500,000 ($100).....................................................
(?)
..................... ..
F irst m tg e., $1,500,000............. 1910 ..................... $750,000 ................ .......
E A R N IN G S .— F or 12 m on th s end in g D ec. 31 1909, gross, $210,300; n et,
a fte r taxes, $67,740. In 1908, gross, $188,109; n et, a fte r ta x e s, $51,451.
R O A D .— O perates 8V4 m iles of trac k .
O F F IC E R S .— P res., W . P . W aggener; V .-P .. B . P . W aggener; S ec.,
C has. B row n.; T rcas., W . W . H eth erln g to n .— V . 81, p . 1909; V . 90, p . 1553;
V . 91, p. 1024. 1094, 1628.

ATHENS, GA.

ATHENS RAILWAY & ELECTRIC CO.—A trolley road
O R G A N IZ A T IO N .— Inco rpo rated In G eorgia on A pril 1 1910. P u r­
chased A thens E lec. R y . Co. L eased for 99 years from O ct. 1 1910 th e
Jam e s W hite pow er p la n t. V. 90, p . 1101, 1423. O wns a n d o perates entire
stre e t railw ay, electric ligh t and pow er system s In A th en s. Franchise
p erp e tu a l. T otal equ ip m en t allo rd s 7,000 hydro-elcctrlc h . p . and 3,000
n. p . from steam tu rb in e p lan t.
STO CK A N D B O N D S—
Date. Interest. Outstanding. M aturity.
S tock, com , $750,000 ($100)................
................
$750,000 ..................... S to c k , p r c f (5 % c u m ) , $ 3 0 0 ,­
0 0 0 ( $ 1 0 0 ) ...........................................................

J-J

3 0 0 ,0 0 0 J a n ’1 2 2 H %

1st A ref M $2,000,000 gold? 1910 5 g J -J
310.000 Ju ly 1 1950
sinking fun d ($1,000) ._ c * \ln t a t F arm ers’ L oan A T ru st C o.. N .Y ., tru s
A thens E lectric R y 1st M 1896 6 g J-J
12,000 J u ly 11916
$1,000,-gold ($500)______ c{C olum bus Savings B an k . C olum bus, G a.,
I tru ste e. In te re st a t C olum bus or A th ens.
A thens E lectric R y new 1st) 1901 6 g A-O
388.000 O ct 1 1931
mMtgayc, 1 $400,000
($1,000) ^Interest a t T itle G uar. A T ru st C o., A tla n ta ,
1945 ................
gold
.......................
c*J T ru stee, o r O ld Colony T ru st C o., B osto n.
Stock.
referred
Is redeem able a t 105.
Ju ly ——
11POf
94
5th e 1ststock
Bonds.
A ref. b on d s. $400,000 a rc reserved to retire under­
lying b on d s, th e rem ain d er for acquisitions and Im provem ents a t 75% of
cost, b u t only w hen net earnings a re 1 M tim es Int. on all bonds o u t and
those to be Issued. $115,000 are In trea su ry . Sinking Jund of 1% begins
In 1915. B onds a rc su bject to call Ju ly 1 1915 a t 110. V. 93. p . 665.
Of th e A th ens E lec. R y. new 1st M ., e n tire Issue, b u t no lesser p a rt, m ay
be called a t 106 and Int.; $12,000 reserved for old bonds .See V. 73, p.1311.
Dividends.— O n p ref. 2 H % s.-a . from J a n . 1911 to J a n . 1912, Inclusive.
R E P O R T .— F or calen dar y ear 1911, gross, $192,587; n e t, a fte r ta x e s,
$110,547; In t., ren ts, A c., $65,693; p ref. d lv ., $15,000; su rp lu s, $29,854.
In 1910, gross, $170,809; n et, $102,060; charges (Incl. p rcf. d lv .), $61,505;
su rp lu s, $40,555.
R O A D .— O w ns 10 m iles of tra c k . 40-lb., 60-lb. and 70-lb. T a n d g i r d e r
rails; 16 m oto r cars; pow er p lan ts. 10,000 h .-p . cap acity .
O F F IC E R S .— P res.. W . T . B ry an; V .-P s., J . Y . C arlthcrs a n d C . D .
Flanlgen; S ec.. J . W . M orton; T re a s., C. D . Cox. O ffice, A th ens, G a .—
V. 90, p . 1101, 1423; V. 92. p . 185; V. 93. p. 665.

ATLANTA, GA.

GEORGIA RAILWAY & ELECTRIC CO.

O R G A N I Z A T I O N .— I n c o r p o r a t e d In G e o rg ia o n J a n . 28 1 9 0 2 , a n d o n
A p ril 1 1 9 0 2 to o k o v e r t h e A t l a n t a R y . A P o w e r C o ., t h e A t l a n t a R a p .
T r a n . C o ., t h e G e o rg ia E le c . L i g h t C o . a n d t h e A t l a n t a S t e a m C o . F ran­
chise p e r p e t u a l . C o m p ris e s t h e s t r e e t r a i l w a y , e le c tr i c li g h t , g a s , p o w e r
a n d s t e a m - h e a t i n g I n te r e s t s o f A t l a n t a a n d F u l t o n C o u n ty . U s e s p o w e r
s u p p lie d b y t h e A t l a n t a W a t e r A E l e c tr ic P o w e r C o . f r o m t h e l a t t e r ’s p l a n t
a t B u ll S lu ic e o n t h e C h a tt a h o o c h e e R i v e r , 1 5 m ile s f r o m A t l a n t a — se o
V . 7 9 , p . 1 5 3 , 2 1 4 9 . B y t e r m s o f t h e o r d in a n c e p e r m i t t i n g c o n s o l id a tio n
t h e c o m p a n y p a id t h e c i t y o f A t l a n t a $ 5 0 ,0 0 0 in c a s h , a n d a g r e e s to p a y a
t a x o n g ro s s r e c e ip ts o f 1 % f o r f ir s t 3 y e a r s , 2 % f o r t h e n e x t 20 y e a r s a n d
3 % t h e r e a f t e r . V . 7 4 , p . 3 9 7 ,7 2 7 . H a s c o n t r a c t w i th t h e c i t y f o r s t r e e t l i g h t ­
in g f o r 5 y e a r s f r o m A p r i l 1 1 9 0 8 a t $ 6 0 p e r a r c p e r a n n . I n O c t. 1 9 0 2 b o t h
p r e f . a n d c o m . s to c k w e re li s te d o n B o s t o n S to c k E x c h . V . 7 5 , p . 8 4 9 .
T h e y a r e a ls o lis te d o n t h e L o u is v ille E x c h a n g e .
I n J u n e 1 9 0 3 a c q u i r e d t h e e n t i r e c a p i t a l s t o c k ($ 6 0 0 ,0 0 0 6 % p r e f e r r e d
a n d $ 1 ,0 1 4 ,6 2 5 c o m m o n ) o f t h e A t l a n t a G a s L i g h t C o ., c o m p r is i n g t h e g u
b u s in e s s o f A t l a n t a a n d v i c i n i t y , b y e x c h a n g e o f s t o c k , $ f o r $ . V . 7 6 ,
p . 1 4 0 6 . T h e g a s c o m p a n y , h o w e v e r , m a i n t a i n s a s e p a r a t e o r g a n i z a tio n .
Proposed Lease to Georgia lly . & Power .— I n O c t . 1 9 1 1 t h e G e o rg ia R a i lw a y
A Power Co. w a s l n c o r p . t o t a k e o v e r t h e G a . R y . A Flee. C o . t h r o u g h a
9 9 9 - y e a r le a s e a t a r e n t a l o f 8 % o n c o m . a n d 5 % o n p r c f . T h e G a . R R .
C o m m ., a f t e r h a v in g In D e c . 1 9 11 r e f u s e d , o n J a n . 5 1 9 1 2 a p p r o v e d t h e l s s u e
o f $ 1 0 ,0 0 0 ,0 0 0 1 % n o n - c u m . 2 d p r c f . s to c k o f G a . R y . A P o w . C o ., w h ic h
s to c k Is to b e t u r n e d o v e r t o t h e G a . R y . A E l e c . C o .’s c o m . s t o c k h o ld e r s
•as a b o n u s , 1 2 5 s h a r e s o f n e w 2 d p r c f . b e in g g iv e n f o r e a c h 1 0 0 s h a r e s o f
E l e c tr ic C o . c o m . S e e G e o rg ia R y . A Power Co. In V . 9 3 , p . 7 3 0 , 1 1 9 1 ,
1725; V . 94. p . 123.
.

10

E L E C T R IC R A IL W A Y S

Date. Interest. Outstanding. M aturity.
STOCK A N D BO N D S—
Q -F
$ 8 ,5 1 4 ,6 0 0 N o v 2 0 1 9 1 1 ,2
C o m m o n ( $ 1 0 0 ) --------------------------5 Q -J
P re fe rre d 5 % n o n -c u m u la tlv c
2 ,4 0 0 ,0 0 0 J a n 2 0 T 2 .1 X
$ 2 ,4 0 0 ,0 0 0 ( p a r $ 1 0 0 ) ----------,
5 g„ J - J
R e f Sc Im p m t g e $ 2 0 ,0 0 0 ,0 0 0 1 9 0 9
1 ,7 4 3 ,0 0 0 J a n 1 1 9 4 9
g o ld ( $ 1 ,0 0 0 ) ............................ c . I n t . a t A ra c r. T r u s t C o ., B o s t o n , T r u s t e e .
F i r s t c o n s m t g e $ 1 1 ,0 0 0 ,0 0 0 1 9 0 2
5 g J-J
5 ,9 5 0 ,0 0 0 J a n 1 1 9 3 2
g o ld s i n k f u n d ( $ l,0 0 0 ) _ _ c * I n t e r e s t a t O ld C o lo n y T r u s t C o ., B o s t o n , T r .
6 g J-J
2 2 5 ,0 0 0 J u l y 1 1 9 3 0
A t l a n t a S t r e e t R a i lr o a d f ir s t 1 8 9 0
m o r t g a g e g o ld ( p a r $ 1 ,0 0 0 ) I n t e r e s t p a y a b l e I n N e w Y o r k a t 4 th N a t . B k .
C e n tr a l T r u s t C o .. N . Y ., T r u s t e e .
A tl C o n s S t R y 1 s t c o n s M $ 2 ,­ 1 8 9 9
5 g J-J
2 ,0 7 5 ,0 0 0 J a n 1 1 9 3 9
5 0 0 ,0 0 0 g ( $ 1 ,0 0 0 e a c h ) s u b I n t e r e s t p a y a b l e In N . Y . a t N . Y . T r u s t C o .
t o c a ll a f t 5 y r s a t 1 0 7 J4 _c* a n d a t M c r c .T r .d ; D e p . C o ., o f B a l t . , T r u s t e e .
G e o r g ia E le c L t C o 1 s t M $ 2 ,­ 1 9 0 0
5 g J-J
1 ,3 5 0 ,0 0 0 J u l y 1 1 9 3 0
000
g o ld . S u b j e c t to I n t e r e s t a t O ld C o lo n y T r u s t C o ., B o s t o n ,
c a ll In 1 9 0 5 a t 1 0 5 __________ ‘ T r u s t e e .
A t l a n t a G a s - L ig h t C o , 1 s t M 1 8 9 7
5 g J-D
1 ,1 5 0 ,0 0 0 J u n e 1 1 9 4 7
$ 1 ,1 5 0 ,0 0 0 , g o ld ( $ l,0 0 0 ) c * I n t e r e s t a t N e w Y o r k T r u s t C o ., T r u s t e e , o r
l B a n k o f S c o t l a n d , L o n d o n , E n g la n d .
Stock and Bonds. — O f t h e $ 8 ,5 1 4 ,6 0 0 c o m . s to c k r e p o r t e d o u t s t a n d i n g ,
$ 4 9 5 ,2 0 0 Is h e ld in t r e a s u r y . O f t h e $ 1 1 ,0 0 0 ,0 0 0 G e o rg ia R y . Sc E l e c .b o n d s ,
( c lo s e d m tg e .) o f 1 9 0 2 , $ 4 ,0 0 0 ,0 0 0 a r e r e s e r v e d to r e t i r e u n d e r l y in g H e n s.
A re s u b j e c t to c a ll o n a n y I n t e r e s t d a t e a t 1 1 0 a n d a c c r u e d I n t e r e s t .
A sinking fund b e c a m e o p e r a t i v e In 1 9 0 7 w h ic h w ill r e t i r e $ 1 0 ,0 0 0 o f b o n d s
In e a c h y e a r f r o m 1 9 0 7 to 1 9 1 1 , in c lu s i v e : $ 2 5 ,0 0 0 p e r a n n u m f ro m 1 9 1 2 to
1 9 1 0 , I n c lu s iv e , a n d $ 5 0 ,0 0 0 p e r a n n u m t h e r e a f t e r . S e e V . 7 4 , p . 6 2 9 , 7 2 7 .
A sinking fund o f $ 6 .6 0 p e r $ 1 ,0 0 0 b o n d o n t h e A t l a n t a G a s L i g h t C o . b o n d s
Is o p e r a t i v e . A sinking fund o f $ 2 5 ,0 0 0 r e r a n n u m Is a ls o o p e r a t i v e o n t h e
u n d e r l y in g b o n d s o f t h e A t l a n t a C o n s o li d a t e d S t r e e t R y . O f t h e r e f . Sc I m p t .
m t g e . b o n d s , $ 2 5 0 ,0 0 0 a r e In t h e t r e a u r y , $ 1 1 ,2 3 0 ,0 0 0 a r e r e s e r v e d to
r e t i r e p r i o r lie n s ( I n c lu d in g t h e $ 1 0 0 ,0 0 0 A t l a n t a Sc N o r t h e r n b o n d s ) a n d
$ 6 ,7 5 1 ,0 0 0 f o r e x te n s io n s a n d I m p r o v e m e n ts u p to 7 5 % o f a c t u a l c o s t .
$ 2 6 ,0 0 0 h a v e b e e n r e t i r e d . B o n d s a r e s u b j e c t t o c a ll o n 5 0 d a y s ’ n o tic e a t
1 0 5 a n d I n t . ; a s in k in g f u n d o f 1 % o f b o n d s o u t b e g a n In 1 9 1 0 . S e e V . 8 8 ,
p . 1 58, 5 05, 1196; V . 89, p . 4 10.
D ividends. — 5 % p e r a n n u m Is b e in g p a id o n p r e f e r r e d s t o c k . O n c o m .,
d lv s . h a v e b e e n : A u g . 1 9 0 5 , 2 % ; F e b . 1 9 06 , 2 % ; M ay 1 9 06 , 1 H % (V . 8 2 ,
p . 1 0 4 0 ); A u g . 2 0 , 1 K % - I n 1 0 0 7 . F e b . 2 0 . 1 H % : M a y 2 0 . 1 ^ % a n d
s to c k d l v . o f 3 3 1 -3 % (V . 8 4 . p . 8 0 3 ) : A u g . 2 0 . 1 ! $ % ; N o v . 2 0 . 1 H % : In
1 9 0 8 , 6 % ; '0 9 . 6 % ; In T O , 6 y2%; In 1 9 1 1 , F e b . , 2 % ; M a y , 2 % ; A u g .. 2°/ *
N o v .. % .
R E P O R T . — P a s s e n g e r s c a r r ie d 1 9 1 0 , 5 5 ,5 2 1 ,4 5 7 .
Cal.
Gross
Net
Fixed P r e / . ( 5 % ) Common
Balance,
Year — E arnings. Earnings. Charges. D lv.
D ividend. Surplus.
1 9 1 0 . . .$ 4 ,0 4 0 ,8 8 6 $ 2 ,1 3 2 ,4 4 2 $ 8 4 7 ,6 0 4 $ 1 2 0 ,0 0 0 (6 H ) $ 5 5 3 ,4 4 9 * $ 6 5 7 .2 4 2
1 9 0 9 . . . 3 ,6 7 3 .0 0 7 1 ,9 0 2 ,8 6 5 8 4 5 ,2 4 2 1 2 0 ,0 0 0
(6 )5 1 0 ,8 7 6 * 4 6 4 ,8 0 1
• A f t e r a llo w in g f o r $ 4 5 ,8 5 4 In 1 9 1 0 a n d $ 3 8 ,0 5 5 In 1 9 0 9 d l v s . r e e v . o n
t r e a s . a n d m ls c . s to c k s a n d I n t . o n d e p o s i ts .
R O A D .— O p e r a t e s 1 7 6 .9 3 8 m ile s o f t r a c k .
O F F I C E R S .— C h a ir m a n o f B o a r d , H . M . A t k i n s o n ; P r e s . , P r e s t o n S .
A r k w r ig h t; V . - P . a n d G e n . M g r ., G . W . B r in e ; V .- P . a n d S e c ., W . H .
G le n n ; T r e a s . , I . S . M itc h e ll J r . — V . 8 8 , p . 5G 0. 1 1 9 6 ; V . 8 9 . p . 4 1 0 ; V . 9 0 .
p . 2 3 6 . 5 0 2 ; V . 9 1 , n . 1 1 6 0 , 1 3 8 5 ; V . 9 2 , p . 5 9 , 3 9 5 , 4 6 0 ; V . 9 3 , p .2 8 6 , 7 3 0 ,
1191, 1259, 1461, 1599, 1725; V . 9 4, p . 123.
(1 ) A t l a n t a N o r t h e r n R a i lw a y C o .— A t r o l l e y r o a d .
O R G A N I Z A T I O N .— E n t i r e s to c k Is o w n e d b y t h e G e o r g ia R a i lw a y &
E l e c tr ic C o ., w h ic h g u a r a n t e e s t h e b o n d s .
STOCK A N D BO N D S.
D ate. Interest. Outstanding. M aturity.
S to c k , $ 1 0 0 ,0 0 0 .....................................................................................
$ 1 0 0 ,0 0 0 ......................
F i r s t m o r tg a g e $ 4 0 0 ,0 0 0 g u a r l 1 9 0 4
5 g J-J
4 0 0 .0 0 0 J u l y 1 1 9 5 4
f$ 5 0 0 a n d $ 1 ,0 0 0 ) g o ld . . c * / I n t e r e s t a t O ld C o lo n y T r . C o ., B o s t o n , T r u s .
Bonds. — A re g u a r . , p . & L , b y e n d . , b y t h e G a . R y . & E le c . C o . A re s u b ­
j e c t to c a ll o n a n y I n t . d a t e a t 1 1 0 a n d I n t . A sink.Ju nd of $ 5 ,0 0 0 p e r a n n .
b e g a n In 1 9 1 0 . S e e V . 7 9 , p . 6 8 0 .
E A R N I N G S .— F o r c a l . y e a r 1 9 1 0 , g r o s s , $ 1 2 9 ,3 6 3 ; n e t , $ 2 9 ,3 6 5 ; c h a r g e s
a n d t a x e s , $ 2 6 ,7 3 6 ; s u r p l u s , $ 2 ,6 2 9 . I n 1 9 0 9 , g r o s s , $ 1 1 6 ,4 4 7 ; n e t , $ 2 4 .­
4 8 1 : c h a r g e s a n d ta x e s , $ 2 6 ,0 4 7 : d e f ic it , $ 1 ,5 6 6 .
R O A D .— O p e r a t e s 15 m ile s o f t r a c k f ro m A t l a n t a t o M a r i e t t a , m o s t l y o n
p r i v a t e r i g h t o f w a y . C o m m e n c e d o p e r a t i o n J u l y 17 1 9 0 5 .— V . 7 9 . p . 6 8 0 .
.0 0 0

2

A T L A N T IC C IT Y , N . J .

ATLANTIC CITY & SHORE CO.

O R G A N I Z A T I O N .— I n c o r p o r a t e d In 1 9 0 9 In D e la w a r e . O w n s 2 ,9 9 5 o f
t h e 3 ,0 0 0 s h a r e s o f t h e A t l a n t i c Sc S u b u r b a n R y . C o . s to c k a n d a m a j o r i t y
o f t h e s to c k s o f t h e C e n tr a l P a s s e n g e r R y . C o . ( $ 4 0 ,0 0 0 b o n d s ) a n d A t l a n t i c
C i ty Sc S h o r e HR. C o . A ls o o w n s a l l o f t h e $ 5 9 1 ,1 0 0 o u t s t a n d i n g 1 s t m t g e .
b o n d s o f A t l a n t i c Sc S u b u r b a n R y .
STO CK A N D BO N D S—
Date. Interest. Outstanding. M aturity.
S t o c k , $ 1 ,0 0 0 ,0 0 0 .................................................................................. $ 9 1 1 ,7 0 0 .............................
M o r tg a g e . $ 5 9 1 ,1 0 0 ______ _____________
4%
5 9 1 ,1 0 0
1940
Bonds. — A r e s e c u r e d b y $ 5 9 1 ,1 0 0 A t l . Sc S u b . 1 s t m t g e . b o n d s a n d 2 ,9 9 5
o u t o f 3 ,0 0 0 s h a r e s o f s t o c k o f t h a t c o m p a n y .
(1 ) A t l a n t i c C i ty & S h o r e R R .— A n e le c tr i c r o a d .
O R G A N I Z A T I O N .— I n c o r p o r a t e d In N e w J e r s e y O c t. 21 1 9 0 5 w i th a
p e r p e t u a l c h a r t e r . L e a s e s A t l a n t i c C i ty & O c e a n C i ty R R . — s e e t e r m s
b e lo w — a n d o w n s $ 2 1 8 ,5 0 0 o f t h e c o m m o n s to c k o f t h e A t l a n t i c C i ty Sc
O c e a n C i ty Company, w h ic h h o ld s a ll t h e s t o c k a n d b o n d s o f t h e A t l a n t i c
C i ty Sc O c e a n C i ty R R . V . 8 5 , p . 1 5 8 . C e n t . P a s s . R y . Is o p e r a t e d u n d e r
tr a f f i c a g r e e m e n t .
Contract with West Jersey A Sea Shore R R . — A t r a f f i c a g r e e m e n t h a s
b e e n e n t e r e d I n to w i th t h e W e s t J e r s e y Sc S e a S h o r e R R . b y w h ic h t h e
A t l a n t i c A v e . lin e o f t h e l a t t e r r o a d , r u n n i n g f r o m A t l a n t i c C i ty t o L o n g o r t , 8 m ile s , Is o p e r a te d b y t h i s c o m p a n y . T h e W e s t J e r s e y Sc S e a S h o r e
)R . h a s a n o p t i o n to p u r c h a s e fro m M a y 1 1 9 1 3 t o M a y 1 1 9 1 8 a m a j o r i t y o f
t h e A t l a n t i c C i ty
S h o r e R R . s to c k . V . 8 5 , p . 1 5 8 .
S T O C K A N D B O N D S — Date.
Interest. Outstanding. M aturity.
S to c k $ 1 .0 0 0 ,0 0 0 ( $ 1 0 0 ) ................ ........................................
$ 1 ,0 0 0 ,0 0 0
...................... ...
1 s t m tg e Sc c o ll t r u s t d e e d ! 1 9 0 5
5 g J-D
9 5 0 ,0 0 0 D e c 1 1 9 4 5
$ 1 ,0 0 0 ,0 0 0 ($ 1 ,0 0 0 ) g . . ,c * j I n t . a t G ir a r d T r u s t C o .. P h l l a . , t r u s t e e .
Bonds. — N o s in k in g f u n d , b u t c a n b e c a lle d a t a n y ti m e a t 1 1 0 a n d I n t
R O A D — O p e r a te s 4 7 .4 5 m ile s o f t r a c k In a n d a r o u n d A t l a n t 'c C i t y , I n ­
c l u d i n g a r o a d th r o u g h P l e a s a n t v l l l c , L ln w o o d a n d S o m e r s P o i n t , to O c e a n
C i t y , t h e tw o l a t t e r p o in ts b e in g c o n n e c te d b y 2 m ile s o f t r e s t l e a n d b r id g e
o w n e d b y t h e A t l a n t i c C i ty Sc O c e a n C i ty R R .
E A R N I N G S .— F o r c a l e n d a r y e a r 1 9 1 0 , g r o s s , $ 5 7 5 ,8 0 9 ; o p e r . e x p . a n d
o h a r g e s , $ 5 3 5 ,7 7 9 ; s u r p l u s , $ 4 0 ,0 3 0 .
O P 'F I C E R S .— P r e s . , W m . A . S t e r n ; V . - P . , C h a r le s E v a n s ; S e c ., J . M .
C a m p b e ll; T r e a s . , I . L . S to n e ; G e n . S u p t . , J . N . A k a r m a n .— V . 8 5 , p . 1 5 8 ;
V . 8 6 , p . 1099; V . 8 8 , p . 685; V . 90, p . 1424.
(a ) A t l a n t i c C I tv & O c e a n C i ty C o m o a n y .
T h e A t l a n t i c C i ty Sc O c e a n C i ty Company w a s o r g a n i z e d In D e la w a r e
a n d o w n s t h e e n t i r e ($ 1 8 0 ,0 0 0 ) s to c k a n d a ll t h e ($ 1 8 0 ,0 0 0 ) b o n d s o f t h e
A t l a n t i c C i ty Sc O c e a n C i ty R R , a n d h a s p le d g e d t h e m a s s e c u r i t y f o r t h e
c o lla t e r a l t r u s t b o n d s b e lo w . O f t h e c o m m o n s to c k o f t h e A t l a n t i c C i ty Sc
O c e a n C i ty Company, $ 2 1 8 ,5 0 0 Is o w n e d b y t h e A t l. C i ty & S h o r e R R . T h e
l a t t e r le a s e s t h e A t l. C ity Sc O c e a n C i ty R R . f o r 9 9 9 y e a r s , t h e r e n t a l b e ­
i n g $ 1 9 ,0 0 0 p e r a n n u m , a n d a n a d d i t i o n a l c o n t i n g e n t s u m e q u a l to 3 3 1 -3 %
o f t h e n e t s u r p l u s , b u t n o t to e x c e e d $ 2 5 ,0 0 0 p e r a n n u m .
STOCK AN D BO NDS—
Date. Interest. Outstanding. M aturity.
C o m m o n $ 3 5 0 ,0 0 0 .........................................................................
$ 2 2 0 ,0 0 0 ______ _______
P r o f 5 % n o n c u m $ 2 5 0 ,0 0 0 ___ _______
_________
1 7 5 ,0 0 0 .............................
C o l la te r a l t r u s t g o ld $ 5 0 0 ,-1 1 9 0 7
5 M -S
3 5 0 ,0 0 0 M c h 1 1 9 4 7
0 0 0 r e d e e m a b l e 1 1 0 Sc I n t - . J G I r a r d T r u s t C o ., P h i l a d e l p h i a , t r u s t e e .
Stock. — T h e p r e f . s to c k Is r e d e e m a b l e a t p a r .
R O A D .— T h e A t l a n t i c C i ty Sc O c e a n C i ty R R . o w n s 2 .6 1 m ile s o f r o a d
f r o m S o m e r s P o i n t , a c r o s s G r e a t E g g H a r b o r B a y . o n b r id g e a n d t r e s t l e s ,
t o O c e a n C i ty . R a l ls . 8 5 lb s . V . 8 5 . p . 1 5 8 , V . 8 7 , p . 1 6 5 .
(2 ) A t l a n t i c & S u b u r b a n R y .
O R G A N I Z A T I O N .— I n c o r p o r a t e d In N e w J e r s e y D e c . 4 1 9 0 8 a s a r e ­
o r g a n i z a t i o n o f t h e A t l a n t i c C i ty & S u b u r b a n T r a c t i o n C o ., s o ld u n d e r f o r e ­
c lo s u r e o f 1 s t m t g e . V . 8 7 , p . 1 2 3 7 , 1 5 3 2 .
STOCK AND BONDS—
Date. Interest. Outstanding. M aturity.
S t o c k . $ 7 5 0 ,0 0 0 ( $ 5 0 ) ......................................................................... $ 1 5 0 ,0 0 0 ............................
F i r s t m o r tg a g e , $ 6 5 0 ,0 0 0 1 1 9 0 9
4 g F -A
5 9 1 ,1 0 0 A u g . 1 1 9 2 9
( $ 1 , 0 0 0 ) ........................................c * j l n t . a t C a m b r i d g e T r . C o ., C h e s t e r P a . , T r u s .
P r i o r lie n M , $ 1 0 0 ,0 0 0 , g u a r l _____
5%
1 0 0 ,0 0 0
1925
p & I, b y A C & S C o ................./

S




| V O L . LXXXX1V,

Bonds .— B o n d s h a v e n o s in k in g f u n d . V . 8 7 , p 1 2 3 7 .
E A R N I N G S .— F o r c a le n d a r y e a r 1 9 1 0 , g r o s s , $ 9 3 ,1 9 0 ; o p e r . e x p . a n d
o h a r g e s , $ 8 6 ,0 4 2 ; s u r p lu s , $ 7 ,1 4 8 .
R O A D .— O p e r a te s 1 6 .1 3 m ile s o f t r a c k f ro m A t la n tic C i ty t o P l c a s a n t v llle , S o m e r s P o i n t a n d A b s e c o n . S t a n d a r d g a u g e . 8 0 - lb . T r a i l . — V . 8 7 J
p . 8 7 2, 1237, 1299, 1532; V . 88, p . 881; V . 90. p . 1424.

A U G USTA , GA.

AUGUSTA-AIKEN RAILWAY & ELECTRIC CORPORATION.

O R G A N I Z A T I O N .— I n c o r p o r a t e d In S o u t h C a r o lin a In 1911 a s a c o n ­
s o li d a t io n o f t h e fo llo w in g c o m p a n ie s *
A u g u s ta - A I k e n R y . Sc E l e c . C o .
I A u g u s t a R y . Sc E le c . C o .
A u g u s t a Sc A ik e n R y . C o .
N o r t h A u g u s t a E l e c . Sc I m p t . C o ,
A u g u s t a & C o lu m b ia R y . C o .
O w n s a n d o p e r a te s e n t i r e r a il w a y s y s te m s o f A u g u s t a , G a . , a n d N o r t h
A u g u s t a , S . C ., a n d a lin e f r o m A u g u s ta to A ik e n , S . C . A ls o f u r n is h e s
e n t i r e e le c tr i c li g h t a n d p o w e r s e r v ic e In A u g u s ta a n d Its s u b u r b s a n d o w n s
v a l u a b l e r e a l e s t a t e In c e n t r a l p a r t o f A u g u s t a . R a i lw a y franchise In
A u g u s t a e x p ir e s 1 9 3 9 ; e le c tr i c - lig h ti n g franchise r u n s u n t i l 1 9 3 9 o r lo n g e r .
I n t e r u r b a n d iv is io n Is o n p r i v a t e r i g h t o f w a y . V . 9 2 , p . 1 1 7 7 . A ls o o w n s
a ll s e c u r iti e s o f N o r t h A u g u s t a H o te l C o . (o w n e r o f H a m p t o n T e r r a c e
H o te l ) a n d 9 9 % o f s e c u r iti e s o f N o r t h A u g u s t a L a n d C o .
STO C K AND BO NDS—
Date. Interest. Outstanding. M aturity.
$ 2 ,2 5 0 ,0 0 0 . . . _________
C o m m o n $ 2 ,2 5 0 ,0 0 0 ( $ 1 0 0 )......................
....................
P r c f $ 1 ,5 0 0 ,0 0 0 6 % c u m b e g in ­
n in g J a n 1 1 9 12 ( $ 1 0 0 ) - - - ................
Q -M
1 .5 0 0 .0 0 0 D e o .’1 1 , 1 ^
F i r s t m tg e $ 7 ,5 0 0 ,0 0 0 g o ld l 1 9 1 0
5 g J-D
2 ,5 8 8 ,0 0 0 D e o 1 1 9 3 5
( $ 1 , 0 0 0 ) ____
_______ c* I C e n tr a l T r u s t C o ., N o w Y o rk . T r u s t e e .
A u g u s t a R y Sc E le c 1 s t M g l 1 9 0 0
5 g J-D
9 6 7 .0 0 0 J u n e 1 1 9 4 0
$ 1 ,0 0 0 ,0 0 0 ($ 1 ,0 0 0 ) _____c * j l n t . a t M e r T r . & D e p . C o ., B u l t ., T r u s t e e .
Bonds .— O f t h e $ 7 ,5 0 0 ,0 0 0 1 s t m tg e . b o n d s . $ 9 6 7 ,0 0 0 a r e r e s e r v e d to
r e t i r e A u g . R y . Sc E l e c , b o n d s a n d $ 3 ,9 4 5 ,0 0 0 a r e f o r a d d i t i o n s , & o . S u b J .
t o c a ll a s a w h o le (o r In p a r t f o r .s in k in g f u n d ) a t 105 a n d I n te r e s t o n a n y
I n t e r e s t d a y o n 3 0 d a v s ’ n o tic e . I n t e r e s t Is p a y a b l e a t R e d m o n d Sc C o .,
N e w Y o r k . S in k in g f u n d b e g in n i n g In 1 9 1 5 p r o v id e s f o r p a y m e n t o f
$ 2 5 ,0 0 0 p e r a n n . 1 s t 5 y e a r s . I n c r e a s in g to $ 4 0 ,0 0 0 , $ 5 0 ,0 0 0 a n d $ 6 5 ,0 0 0 f o r
e a c h s u c c e s s iv e p e r io d o f 5 y e a r s u n t i l m a t u r i t y o f b o n d s . V . 9 2 , p . 1 1 7 7 .
A u g u s ta R y . Sc E le c , b o n d s c a n b e c a lle d In 1 0 , 2 0 o r 3 0 y e a r s f r o m d a t e a t
105 a n d I n t . o n 6 m o n t h s ’ n o tic e ; s in k i n g f u n d Is H o f 1 % b e g in n i n g J u n e 1
1 9 0 5 f o r 1 5 y e a r s , 1 % fo r n e x t 10 y e a r s a n d 2 % f o r r e m a in i n g 10 y e a r s .
$ 3 3 ,0 0 0 w a s h e ld In s in k in g f u n d J a n . I 1 9 1 2 .
Dividends .— I n i t i a l d iv id e n d o n p r e f e r r e d — -1 H % — p a i d D e c . 3 0 1 9 1 1 .
E A R N I N G S .- F o r c o n s o l id a te d p r o p e r tie s f o r 12 m o s . e n d in g N o v . 3 0
1 9 1 1 , g r o s s , $ 5 8 1 ,0 9 6 ; n e t , a f t e r ta x e s , $ 2 7 9 ,1 0 2 ; o t h e r I n c o m e , $ 2 1 ,9 4 6 ;
c h a r g e s , $ 1 7 5 ,5 4 0 ; s u r p lu s , $ 1 2 5 ,5 0 8 . I n 1 9 1 0 , g r o s s , $ 5 4 0 ,0 8 3 ; n e t , a f t e r
t a x e s , I n c lu d in g o t h e r I n c o m e , $ 2 7 2 ,8 4 4 .
R O A D .— O w n s a n d o p e r a t e s 5 3 .2 m ile s o f t r a c k , o f w h ic h 2 8 .9 2 m ile s
a r c c i t y lin e s a n d 2 4 .2 8 m ile s I n t e r u r b a n b e tw e e n A u g u s t a a n d A i k e n . 6 0
to 1 0 0 - lb . T r a i l s . S t a n d a r d g a u g e . O w n s L a k e V ie w P a r k o n L a k e
O l m s te a d .
O F F I C E R S .— P r e s ., F . Q . B r o w n ; V . - P s .. J . I I . P a r d e e a n d J a m e s V .
J a c k s o n : S e c . a n d T r e a s . , I ) . H . T h o m a s : M g r s ., J . G . W h ite & C o .— V .
92, p . 794, 1177; V . 93, p . 1724; V . 94, p . 205.

A U S T IN , T E X .

AUSTIN STREET RY —A trolley road.

O R G A N I Z A T I O N .— I n c o r p o r a t e d In T e x a s o n J a n . 3 1911 a s s u c c e s s o r
to t h e A u s ti n E l e c tr ic R y . Franchise e x p ir e s In 1 9 4 2 .
STOCK AN D BO NDS—
Date. Interest. Outstanding. M aturity.
C o m m o n $ 1 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) .......................................................... $ 5 0 0 ,0 0 0 .............................
P r e f $ 2 5 0 ,0 0 0 ($ 1 0 0 ) 6 % n - C _ _ _____
____________
2 5 0 ,0 0 0
.........................
F i r s t Sc r e f m tg e $ 1 ,5 0 0 ,0 0 0 1 1 9 11
5 g J-J
J a n 1 1936
g o ld ( $ 1 ,0 0 0 ) --------------------- c ' j l n t . a t E q u i t a b l e T r u s t C o ., N . Y . , t r u s t e e .
Bonds. — $ 9 0 0 ,0 0 0 1 s t Sc r e f . b o n d s a r c r e s e r v e d f o r a d d i t i o n s . & c . T h e y
a r c s u b j e c t to c a ll o n a n y I n t . d a t e a t 1 0 2 H . A n n u a l s in k i n g f u n d o f 2 %
o f b o n d s o u t b e g in s In 1 9 1 5 . V . 9 2 , p . 1 8 5 ; V . 9 3 , p . 1 4 6 1 .
E A R N I N G S . F o r 6 m o s . e n d in g J u n e 3 0 1 9 1 1 , g r o s s , $ 1 0 2 ,8 2 7 ; n e t ,
$ 4 0 ,8 3 6 ; I n t e r e s t a n d ta x e s . $ 1 9 ,3 3 2 ; s u r p lu s , $ 2 1 ,5 0 4 .
R O A D . O p e r a te s 1 8 .7 m ile s o f t r a c k . 5 5 a n d 7 2 - lb . r a ils ; 38 c a r s .
O F F I C E R S .— P r e s ., W . J . J o n e s ; V . - P . , F . H . W a tr ls s ; S e c ., A . L .
K e llo c h ; T r e a s . , E . P . W llm o t .— V . 9 2 . p . 1 8 5 ; V . 9 3 , p . 5 2 6 ; 1 4 6 1 , 1 5 3 1 .
6 0 0 ,0 0 0

B A K E R S F IE L D , O A L .

SAN JOAQUIN LIGHT & POWER CORPORATION.

O R G A N I Z A T I O N .— I n c o r p o r a t e d In C a lif o r n ia In J u l y 1 9 1 0 a s a c o n s o li­
d a t i o n o f t h e S a n J o a q u i n L i g h t Sc P o w e r C o ., t h e P o w e r T r a n s i t Sc L i g h t
C o . (B a k e rs f ie ld ) a n d t h e M e rc e d F a lls G a s Sc E l e c tr ic C o . Franchises In
c itie s a r e p e r p e tu a l; o u ts id e o f c it ie s , w i th tw o e x c e p t io n s , e x te n d b e y o n d
1 9 5 0 . A b o u t o n e - h a l f t h e t o t a l le n g th o f tr a n s m i s s io n lin e s w ill b e o n p r i v a t e
r i g h t o f w a y . O p e r a ti o n s e x te n d I n to t h e s e v e n p r in c ip a l c o u n t ie s o f t h e
S a n J o a q u i n V a lle y , a t e r r i t o r y 1 9 5 m ile s lo n g a n d 7 8 m ile s w id e .
STOCK AN D BO NDS—
Date. Interest. Outstanding. M aturity.
C o m m o n $ 1 5 .0 0 0 ,0 0 0 ........................................................................$ 1 0 ,0 0 0 ,0 0 0 ..............................
P r e f e r r e d $ 1 0 , 0 0 0 , 0 0 0 . ..........................................................
5 .5 0 0 .0 0 0 ............................
1 s t Sc r e f m tg e $ 2 5 ,0 0 0 ,0 0 0 g l 1 9 1 0 5 -6 F -A
3 .2 0 6 ,0 0 0 A u g 1 1 9 5 0
($ 1 ,0 0 0 ) s in k in g f u n d . c & r M T r u s t C o . o f A m e r , N . Y . . t r u s . ; I n t . In N Y .
S a n J o a q u i n L Sc P Co 1 s t M l 1 9 0 5 5 J - D
2 .7 7 6 .0 0 0 J u n e 1 1 9 4 5
$ 3 ,0 0 0 ,0 0 0 s f ($ 1 ,0 0 0 ) _ _ c * j R e d e e m a b l e a t 1 1 0 a n d I n t e r e s t .
1 3 1 .0 0 0
1942
S an J o a q u in P o w er Co
5%
1 2 .0 0 0 1 9 1 2 -1 9 2 0
S e lm a L i g h t Sc W a t e r C o _____ -------6%
2 3 6 .0 0 0 J u n e 1 1 9 33
P o w e r T r a n s & L t M $ 2 ,5 0 0 ,­ 1 9 0 3
5 g J-D
0 0 0 g o ld ( $ 1 ,0 0 0 ) ................ , M e r c a n tile T r u s t C o .. S a n F r a n c i s c o , t r u s t e e .
1 2 .0 0 0 J u l y. 1 1 9 31
B a k e r s f ie ld Sc K e r n E le c R y 1 9 0 3
5 g J-J
_______
$ 2 5 0 ,0 0 0 g o ld ($ 1 ,0 0 0 )
/ U n i o n T r u s t C o ., S a n F r a n c i s c o , t r u s t e e .
B a k e r s f ie ld G a s Sc E le c L t m t g _____
6 F - A 15
2 0 ,0 0 0 P e r io d ic a ll y
Bonds .— O f t h e 1 s t Sc r e f . m tg e . o f 1 9 1 0 , S e r ie s A ($ 1 ,5 0 0 ,0 0 0 , a ll o u t)
b e a r 6 % I n t . ; S e rie s B , o f w h ic h s u f f i c i e n t a r c r e s e r v e d f o r u n d e r l y in g lie n s ,
b e a r I n t . a t 5 % ; r e m a i n d e r c a n b e Is s u e d a t n o t e x c e e d in g 6 % I n te r e s t
f o r a d d i t i o n s . I m p r o v e m e n ts , Sec., a t 8 5 % o f c o s t u n d e r c e r t a i n r e s t r i c t i o n s .
S u b j e c t to c a ll a t 102 H o n a n y I n t c r e t d a t e . B o n d s h a v e s in k in g fu n d
o f $ 4 5 ,0 0 0 to $ 1 5 0 ,0 0 0 a n n u a l l y f ro m A u g . 1 1 9 1 5 to A u g . 1 1 9 2 4 , I n c l.;
th e r e a f t e r r a n g i n g f ro m 2 H % a n n u a l l y o f b o n d s o u t f r o m A u g . 1 9 2 5 -3 0 ,
I n c l., to 4
a n n u a l l y f r o m A u g . 1 9 4 5 -4 9 , I n c l. . V . 9 1 , p . 1 3 3 2 .
E A R N I N G S .— F o r c a l. y r . 1 9 1 0 ( c o m b in e d p r o p e r t i e s ) , g r o s s . $ 1 ,0 5 2 ,4 6 3 :
n e t , a f t e r ta x e s , $ 6 7 7 ,6 8 5 ; i n t . , $ 1 9 7 ,0 9 5 ; s u r p lu s , $ 4 8 0 ,5 9 0 . I n 1 9 0 9 ,
g ro s s . $ 7 5 4 ,9 6 6 : n e t . a f t e r ta x e s . $ 4 8 9 ,1 9 2 : I n t . . $ 1 6 1 .0 5 .3 ; s u r p lu s , $ 3 2 4 ,5 3 9 .
P R O P E R T Y .— O p e r a te s s t r e e t r a il w a y I n B a k e r s f ie ld . O p e r a te s p o w e r ­
h o u s e s w ith 3 7 ,0 0 0 n . p . c a p a c i t y . O p e r a t e s 6 7 5 m ile s o f tr a n s m i s s io n lin o
a n d 5 6 3 m ile s o f d i s t r i b u t i n g lin e s . D o e s g a s b u s in e s s In B a k e r s f ie ld ,
M e rc e d a n d S e lm a .
•
O F F I C E R S .— P r e s .. W m . G . K e rc k h o fT ; V . - P . , A . C . B a lc h ; S e c ., L . M .
F a m h a m ; C o m p t ., A . N . K e m p ; G e n . M a n ., A . G . W ls h o n .— V . 9 1 , p . 9 6 5 ,
1332; V . 9 3 , p . 350, 4 1 2, 537.

B A L T IM O R E , M D .

Street Railways of Baltimore pay a Park Tax of 0% of gross earnings
within City L im its, except on turnpikes and private rights of w ay, and are
required to pave between tracks and two feet on each side.

UNITED RAILWAYS & ELECTRIC CO. OP B A L T I A lO RE.— T r o lle y *
O R G A N I Z A T I O N .— I n c o r p o r a t e d a t A n n a p o lis M a rc h 4 1 8 9 9 . C o m ­
p ris e s a ll t h e p a s s e n g e r r a il w a y s In B a ltim o r e C ity a n d B a l tim o r e C o u n ty
a n d lin e s e x t e n d I n to A n n e A r u n d e l C o u n ty a n d H o w a r d C o u n t y . I h r o u g n
th e p r e s e n t a n d p r e v io u s c o n s o l id a tio n s , e m b r a c e s t h e fo llo w in g :
B a l tim o r e C a t o n s v l lle Sc E l ll c o t ts C e n tr a l R a i lw a y C o m p a n y .
M ills P a s s e n g e r R R .
G w y n n ’s F a lls H a ll w a y *o f B a l tim o r e
C i ty .
B a l tim o r e C i ty P a s s e n g e r R y . C o .
B a l tim o r e C o n s o li d a t e d R y . C o .
M a r y la n d T r a c t i o n .
B a l tim o r e Sc C u r t is B a y R y .
P im lic o Sc P lk e s v llle R R .
B a l t. G a r d e n s v llle Sc B e la lr E le c . R y . S h o r e L in e E l e c tr ic R y .
B a l tim o r e Sc N o r t h e r n E le c . R y . C o . W a lb r o o k G w y n n - O a k Sc P o y v h a ta n .
A lso o w n s a ll t h e s t o c k , a n d h o ld s a le a s e , o f t h e B a l tim o r e S p a r r o w s
P o in t Sc C h e s a p e a k e R y . C o . T h e c o m p a n y lik e w is e c o n t r o l s b y o w n e r s h ip
o f s to c k t h e Y o r k R o a d T u r n p i k e , t h e C h a rle s S t r e e t A v e . T u r n p i k e , t h e
H a r f o r d T u r n p i k e a n d t h e B a i t . Sc J e r u s a le m T u r n p i k e .

J an ., 1912. J

II

E L E C T R IC R A IL W A Y S

Allied Company. — I n A u g . 1 9 0 6 t h e M a r y la n d E le c . R y . , w h ic h h a d a g r e e d $ 8 ,0 0 0 ,0 0 0 b o n d s o f T h e M a r y la n d E le c . R y s . , t h e U n i t e d o b lig a te s I ts e lf
to p r o v id e f u n d s f o r n e e d e d I m p r o v e m e n ts a n d a c q u i s iti o n s o f t h e U n it e d to p u r c h a s e t h e p r o p e r t y s o le a s e d a t a s u r a s u f f i c i e n t t o l e t l r e t h e b o n d s .
R y . A E le c . C o ., w a s c o n s o l id a te d w i th t h e B a l t . A A n n a p o l is S h o r t L i n e , S e e p l a n In f u ll In V . 8 3 , p . 1 5 6 . T h e r e Is n o g u a r a n t y e n d o r s e d o n b o n d s ,
b u t t h e t e r m s a r e s u c h t h a t r e n t a l w ill b e m o r e t h a n s u f f i c i e n t t o p a y I n t e r e s t .
t h u s f o r m i n g t h e M a r y la n d E le c . R y s . S e e s t a t e m e n t o f t h a t c o . b e lo w .
Power Contract.— H a v i n g c a n c e le d t h e c o n t r a c t f o r s u p p l y o f p o w e r m a d e S to c k l i s te d o n B a l t i m o r e S to c k E x c h a n g e In F e b . 1 9 0 8
■ with M c C a ll F e r r y P o w e r C o ., m a d e In J u n e 1 9 0 7 (V . 8 5 , p . 1 6 3 ), In F e b .
S T O C K A N D B O N D S — Date.
Interest. Outstanding. M aturity.
1 9 11 e n te r e d I n to a 1 5 - y e a r c o n t r a c t w i th P e n n s y l v a n i a W a t e r A P o w e r S to c k , $ 1 ,2 0 0 ,0 0 0 ($ 5 0 ) ................................
....................
$ 1 ,2 0 0 ,0 0 0 J u l y ’0 8 , 1 %
C o . f o r s u p p ly in g p o w e r In c o n ju n c t io n w i th U n it e d R a i lw a y s C o . f o r 1 s t M , $ 8 ,0 0 0 ,0 0 0 , g ($ 1 ,0 0 0 ) ,1 1 9 0 6 5 g A -O
4 ,0 0 0 ,0 0 0 O c t 1 1 9 3 1
o p e ra tio n of c a rs . V . 9 2 , p . 4 6 7 .
s
in
k
f
d
.................................
c
*
j
M
e
r
c
a
n
tile
T
r
A
D
e
p
. C o ., B a l t . , T r u s t e e .
Favorable Tax Decision.— O n J u n e 2 9 1 9 0 9 t h e C o u r t o f A p p e a ls o f M a r y ­
o r e <5: A n n a p o l is 1 s t f 1 9 0 6 5 g F A
1 ,0 0 0 ,0 0 0 A u g 1 1 9 4 6
la n d h e ld t h a t t h e p a r k t a x o f 9 % o n g ro s s e a r n in g s o f lin e s w i th in o ld c ity B aml tim
t g e , $ 1 ,0 0 0 ,0 0 0 -----------------( F i d e l i t y T r u s t C o ., B a l t i m o r e , T r u s t e e .
l i m its w a s I n te n d e d to b e In lie u o f a l l o t h e r t a x e s , a n d t h a t n o f u r t h e r t a x
I
I
n
t
e
r
e
s
t
a
t
A
le
x
.
B
r
o
w
n A S o n s. B a ltim o re .
o n t h e I n ta n g ib le p r o p e r t y c a n b e le v ie d w i t h o u t e x p r e s s le g is l a tiv e a u t h o r ­
— A sinking fund o f 1 H % o n M d . E le c . R y . 1 s t m t g e . b o n d s o u t
i t y . T h e c a s e m e n ts In 14 m ile s o f t u r n p i k e s In a n n e x e d d i s t r i c t s a r e h e ld b e Bonds.
g
a
n
M
a
r
.
3
0
1
9
1
0
.
B
o
n
d
s
a
r
e
r
e
d
e
e
m
a
b
l
e
a
t
1
1
0
a
n
d In t. o n a n y In t. d a te
to b e t a x a b l e . V . 8 9 , p . 4 4 .
O n J u l y 5 1911 s to c k h o ld e r s a u t h o r i z e d .$ 3 ,1 2 5 ,0 0 0 c o n v . a n d c o ll, t r u s t uVp. o 8n 3 9. 0 p d. a 8y1s 8’ , n o9 t7i0c .e . I n t . p a y a b l e a t o ffic e o f A le x . B r o w n A S o n s . S e e
n o te s (s e e b e lo w ) t o t a k e u p c a r t r u s t c e r t f s . S e rie s “ B ” a n d * 'C ” a n d 1 s t M
D ividends. — F i r s t d iv id e n d ( 1 H % ) w a s p a i d In J a n . 1 9 0 7 a n d 2 % w a s
b o n d s a n d c c r t f s . o f I n d e b t e d n e s s o f B a l tim o r e C i ty P a s s e n g e r R y .
a n . , 1 % ; J u l y , l % : n o n e s in c e to J a n . 1 9 1 2 .
STOCK AN D BO N D S.
Date. Interest. Outstanding. Dlv.or M a t’V. p a RidOJ Au lDy .—1 1O9 0p 7e .r a teI sn 21 59 .30 8 ,mJ ile
s o f t r a c k f r o m C liffo rd s to A n n a p o l is , w h ic h
C o m m o n , $ 2 4 ,0 0 0 ,0 0 0 ( $ 5 0 ) ........................................... . . $ 1 5 ,0 0 0 ,0 0 0 .......................- - h a s b e e n c o n v e r t e d to e l e c t r i c i t y . A n e x te n s io n k n o w n a s t h e S t . P a u l
P r e f , c u m . , $ 1 4 ,0 0 0 ,0 0 0 , ( $ 5 0 ) _____
4
2 5 ,0 0 0 D e c . 1 0 1 1
S t . H o u l. lin e w a s c o m p le te d in 1 9 0 7 ; I t Is le a s e d to U n . R y s . A E le c . C o .
I n c m tg c , g , $ 1 4 ,0 0 0 ,0 0 0 .1 1 8 9 9 4 g J - D
1 3 ,9 7 5 ,0 0 0
1949
O F F I C E R S . — P r e s ., J o h n W ils o n B r o w n ; V l c e - P r e s . a n d G e n . M g r.!
c u m ., t a x f r e e , M a r y la n d [ P a y a b l e a t o p tio n o f C o ., a f t e r M a rc h 1 1 9 4 9 . J a m e s F . H e y w a r d ; S e c ., A u s ti n M c L a n a h a n ; T r e a s . , G e o . M a y .— V . 8 5 ,
T r . C o ., T r u s t e e c * ( $ l .0 0 0 ) j I n t . a t A le x . B r o w n A S o n s , B a l tim o r e . p . 1 5 7 7 ; V . 8 6 . p . 3 3 7 , 1 1 5 9 ; V . 8 8 , p . 6 8 6 .
1 s t c o n m tg e g . $ 3 8 ,0 0 0 ,0 0 0 1 1 8 9 9 4 g M -S
2 6 ,4 5 0 ,0 0 0 M c h 1 1 9 4 9
( $ 1 ,0 0 0 ); C o n t i n e n t a l T r u s t } I n t e r e s t a t A le x . B r o w n A S o n s , B a l tlC o . B a l tim o r e , T r u s te c _ c * J m o r e .
BANGO R, M E.
I n c o m e f d g b o n d s ($ 1 0 0 , $ 5 00 1 1 9 0 6 5 g J - D
3 .9 2 0 .0 0 0 J u n e 1 1 9 3 6
BANGOR RAILWAY A ELECTRIC CO.
a n d $ 1 ,0 0 0 ) , $ 3 ,9 2 0 , 0 0 0 .. c / M a r y l a n d T r u s t C o ., T r u s t e e .
O
R
G
A
N
I
Z
A
T
I
O
N
.—
I
n
c
o
r p o r a t e d In M a in e o n F e b . 16 1 9 0 5 a n d Is a
C o n v e r ti b l e a n d c o lla t e r a l ) 1911 5
3 ,1 2 5 .0 0 0 J u l y l S 1914
n o te s $ 3 ,1 2 5 ,0 0 0 ( $ 1 0 0 ,[ I n t . a t A l e x a n d e r B r o w n A S o n s . B a l t . c o n s o l id a tio n o f t h e B a n g o r H a m p d e n A W l n t e r p o r t R y . . t h e P u b l ic W o r k s
C o ., t h e B a n g o r O ro n o A O ld T o w n R y . a n d t h e O ld T o w n E l e c tr ic C o .
$ 5 0 0 a n d $ 1 ,0 0 0 ) ______. . c J S a f e D e p o s it A T r u s t C o ., B a l t ., T r u s t e e .
C a r t r u s t s . S e rie s *‘A .” $ 3 5 0 ,-1 1 9 0 4
5 g A -O
1 0 5 ,0 0 0
See text. O n F e b . 1 1 9 0 6 a b s o r b e d t h e B a n g o r A N o r t h e r n H R . , w h ic h w a s a r e ­
0 0 0 , g o ld ( $ 1 , 0 0 0 ) .................../ I n t . a t F i d e l i t y T r u s t C o ., B a l t . , T r u s t e e . oa cr gq au ni ri ez da tioa lln tohf e t hs eto cPke noo fb sVc oe at z Cle e nLtruaml bRe yr . C oV. ,. o8 w2 ,n ipn. g 3 a3 3 .w a tI en r Dp oe cw.1e 9r 0a9t
U N D E R L Y IN G S E C U R IT IE S .
V e a z lc . D o c s e n t i r e e le c tr i c li g h t in g a n d p o w e r b u s in e s s In B a n g o r , O ld
Baltimore Traction— 1 s t ( $ 1 f 1 8 8 9 5 M -N
1 ,5 0 0 ,0 0 0 N o v 1 1 9 2 9
r e w e r . M ilfo rd , O r o n o , V e a z le a n d H a m p d e n , w i th t h e e x c e p t io n
0 0 0 ) m tg e , T r u s t e e M c rc a n -( I n t e r e s t a t N a t i o n a l M e c h a n ic s ’ B a n k , B a ltl- To fo wm nu,n icB ip
a l li g h t in g in B a n g o r . A ls o f u r n is h e s w a t e r s u p p l y t o B r e w e r .
tl le T r . A D e p o s it C o ------- c l m o re .
T o w n . Franchise f o r a b o u t 12 m ile s o f t r a c k I n B a n g o r
N . B . D lv . 1 s t ($ 1 ,0 0 0 ) 5 s .f 1 8 9 2
5 g J-D
1 ,7 5 0 ,0 0 0 J u n e 1 1 9 4 2 eVxepairz lce s aInn d 1 9O1 ld
2 ; o t h e r s a r c u n l i m i t e d to ti m e .
g . T r u s .,M e r T r . A D c p . C o . c \ I n t . a t N a t i o n a l M e c h a n ic s ’ B a n k . B a l t .
T
h
r
o
u
g
h
o
w
n
e
r s h ip o f th r e e - q u a r t e r s o f t h e b o n d s a n d a ll b u t o n e s h a r e o f
City A Suburban Ry. Bonds — f 1 8 9 2 5 g J - D
3 ,0 0 0 ,0 0 0 J u n e 1 1 9 2 2
1 s t m tg e , g ( $ 1 ,0 0 0 ) ________( I n t . a t A le x . B r o w n A S o n s , B a l tim o r e . sa tboscokr .b eIdt ct oh ne tr oBlsa r t hHe a rBb ao rr HE al er cb tro ric AL iUg hn tio nC oR., i vEe lrls Pwoowr tehr CWo a.,t e wr hCicoh. ah na dd
I S a fe D e p o s it A T r u s t C o ., B a l t ., T r u s t e e . E l ls w o r t h E l e c tr ic I l l u m i n a t i n g C o . (V . 8 7 , p . 1 0 0 9 ), w h ic h c o m p a n i e s d o
Balt.Catonsv.AElllcott’s M illsf 1 8 9 6 5 J - J
5 0 0 .0 0 0 J u l y 1 1 9 1 6
s t m tg e , $ 5 0 0 ,0 0 0 , p r ln g . ( S a f e D e p . A T r . C o ., B a l t ., T r u s t e e . I n t . at hlle t hw ea teeler cbtru iscinlie gs sh ta at nEdl lsp wo wo retrh b. u s in e s s In E l ls w o r t h a n d o n M t . D e s e r t a n d
I a t N a t i o n a l M e c h a n ic s ’ B a n k , B a l tim o r e .
O n A u g . 29 1911 s t o c k h o ld e r s a p p r o v e d th e m e r g e r p la n (V . 9 3 , p . 4 6 8 )
Lake Roland Elevated— 1 s t f 1 8 9 2 5 g M -S
1 ,0 0 0 .0 0 0 S e p t 1 1 9 42
c o n n e c ti o n w i th t h e B a n g o r P o w e r C o . ( I n c o r p . In M a in e A u g . 11 1911 to
consol
m o r tg a g e , g o ld ! I n t e r e s t a t A l e x . B r o w n A S o n s , B a l tim o r e . In
a
c
q
u i r e t h e p r o p e r tie s o f th e f o r m e r B o d w c ll W a t e r P o w . C o ., V’ . 9 3 , p . 1 7 1 ,
($ 1 ,0 0 0 ) --------------------- c * A r lB a l t i m o r e T r u s t C o ., T r u s t e e .
b e r C o . a n d P e n o b s c o t R e a l t y C o ., u n d e r w h ic h t h e t h r e e
Central R y. — 1 s t m tg e . $ 2 5 0 -( 1 8 8 2
6 J-J
2 ,0 0 0 J u l y l 1 9 1 2 7c o3 m2 )p, aVn eieasz lca r cL uc m
d b y t h e B a n g o r R y . A E le c . C o ., a n d v o te d to In ­
0 0 0 , s in k f u n d , c u r r e n c y . . I S u b . to c a ll a t 1 0 0 In c e r t a i n a m ’ts y e a r l y . c re a s e s to c k to $o 3n ,5tr o0 lle
0 ,0 0 0 , o f w h ic h $ 1 ,5 0 0 ,0 0 0 Is 7% c u m . p r e f . a n d $ 2 ,­
( T r u s t e e , S a f e D e p . A T r u s t C o ., B a l tim o r e , 0 0 0 ,0 0 0 c o m . a n d t o g u a r a n t e e th e $ 7 5 0 ,0 0 0 B a n g o r P o w . C o . b o n d s Is s u e d
l i n t , a t N a t . M e c n . B k , B a l t.
C o n s o l m tg e , $ 7 0 0 ,0 0 0 , g . f 1 8 0 2
5 g M -N
6 9 8 ,0 0 0 M a y 1 1 9 3 2 cIne ivc eo dn noenceti os nh a wr e i tho f mn eewr g ep rr.e f . Sahnadr e oh no eld oe rf s c oo fm .B fa on rg oo rn eR syh. a rAe Eo fl e oc l.d Csoto. cr ke ­.
( $ 1 ,0 0 0 ) ____________________( I n t e r e s t a t N a t i o n a l M e c h a n ic s ’ B a n k , B a l t
See V . 93, p . 468.
( M e r c a n til e T r . A D e p . C o o f B a l t ., T r u s t e e
STOCK AND BONDS—
Date. Interest. Outstanding. M a tu r ity
E x t a n d Im p 1 st m tg e .f 1897
5 g M -S
6 0 0 ,0 0 0 M c h 1 1 9 3 2
C o m m o n $ 2 ,0 0 0 ,0 0 0 ( $
) - - . _____
_________
$ 2 ,0 0 0 ,0 0 0 ______________
$ 6 0 0 ,0 0 0 g ( $ 1 ,0 0 0 ) _____( B a l t i m o r e T r u s t C o ., B a l tim o r e , T r u s t e e .
7 Q -J
1 ,5 0 0 ,0 0 0 J a n ’1 2 , 1 K
I I n t e r e s t a t N a t . M e c h a n ic s ’ B a n k . B a l t. P r o f $ 1 ,5 0 0 ,0 0 0 7 % c u m ( $ 1 0 0 ) _____
, 0 0 0 , 0 0 0 . . -1 1 9 0 5 5 g J - J
2 ,0 0 0 ,0 0 0 J u l y 1 1 9 3 5
Bonds. — O f t h e $ 3 8 ,0 0 0 ,0 0 0 o f 1 s t c o n s o l id a te d b o n d s , $ 2 6 ,4 5 0 ,0 0 0 h a v e 1 s t($c 5o 0n 0 M, $g1o.0ld0 0$ )2.........................c
* I G u a r a n t y T r u s t C o ., N e w Y o r k , T r u s t e e .
b e e n I s s u e d ($ 5 4 1 ,0 0 0 b e in g in tr e a s u r y ) a n d $ 1 1 ,5 5 0 ,0 0 0 (o f w h ic h $ 2 ,5 0 0 ,­
1 8 9 9 5 g A -O
6 0 0 .0 0 0 A p ril 1 1 9 2 9
Is d e p o s i te d a s s e c u r i t y f o r c o n v . a n d c o ll. t r . n o te s ) h a v e b e e n s e t a s id e P u b lic W o r k s C o . 1 s t. g o ld ,)
$ 6 0 0 ,0 0 0 ($ 5 0 0 , $ 1 ,0 0 0 ) c* J I n t e r e s t a t O ld C o lo D y T r . C o .. B o s t o n , T r u s .
f o r th e r e t i r e m e n t o f u n d e r l y in g s e c u r iti e s . I n c o m e f u n d i n g b o n d s a r e r e ­
2 0 8 ,0 0 0 S e p t 1 1 9 3 5
d e e m a b l e o n a n y I n t . d a t e a t p a r a n d a c c r u e d I n t . T h e c o n v e r t ib le a n d B a r H a r b o r A U n . R l v . P o w ) 1 9 0 7 5 M -S
C o . 1 st A re f. $ 2 ,0 0 0 .0 0 0 ../T r u s t C o . o f N o rth A m e ric a , P h lla ., tr u s te e .
c o lla t e r a l t r u s t n o te s a r e s e c u r e d b y d e p o s i t o f $ 2 ,5 0 0 ,0 0 0 f ir s t c o n s o l,
4 'A M -N
1 0 0 ,0 0 0 M a y 1 1921
b o n d s a n d $ 6 ,2 5 0 ,0 0 0 c o m . s t o c k . T h e y a r e r e d . a t p a r a n d I n t . o n 60 d a y s ’ B a r H a r b o r E l e c tr ic L i g h t C o , / 1 9 01
$ 1 0 0 ,0 0 0 ............................................. l i n t , a t P o r t l a n d N a t i o n a l B k . , P o r t l 'd , M e .
n o tic e a n d a r e c o n v . I n to c o m . s t o c k a t $ 2 5 p e r $ 5 0 s h a r e u p to a n d in c l.
S ec te x t 1
7 7 5 ,0 0 0 S e p t . 1 1931
J a n . 2 1 9 1 4 ; t h e r i g h t to c o n v e r t c e a s e s 5 d a y s p r io r to d a t e o f r e d e m p t i o n . B a n g o r P o w e r C o . 1 s t m t g c . J 1 9 1 1
$ 2 ,5 0 0 ,0 0 0 ............................... . { U n i o n T r u s t C o ., N e w Y o r k , T r u s t e e .
S e c V . 9 2 , p . 1 7 0 2 ; V . 9 3 , p . 4 6 . T h e S e r ie s " A ” c a r t r u s t s o u t s t a n d i n g
Bonds. — T h e f ir s t c o n s o l, b o n d s a r e s u b j . to c a ll o n 12 w e e k s ’ n o tic e a t
w e re o r ig in a ll y $ 2 4 5 ,0 0 0 ; t h e y m a t u r e $ 3 5 ,0 0 0 p e r a n n u m o n O c t . 1 f ro m
107 A a n d I n t . I n t . a t o ffic e o f t r u s t e e , N . Y ., o r E a s t e r n T e n n . B k g . C o .,
1 9 0 8 to 1 0 1 4 , b o th I n c lu s iv e .
Stock.— T h e p r e f e r r e d s to c k r e p o r t e d a b o v e a s o u t s t a n d i n g Is a ll t h a t B a n g o r . S e e p a r t i c u l a r s , b o n d s , p r o p e r t y , A c ., V . 8 7 , p . 1 0 0 9 . T h e P u b lic
r e m a in s o f th e o r ig in a l Is s u e o f $ 1 4 ,0 0 0 ,0 0 0 , t h e r e s t h a v in g b e e n c o n v e r t e d W o r k s C o . b o n d s a r e n o t s u b j . to c a ll., V . 8 0 , p . 2 4 5 6 . O f t h e B a r H a r b o r
A U n io n R i v e r P o w e r C o . m t g e . , $ 1 0 0 ,0 0 0 a r e r e s e r v e d to r e t i r e B a r H a r b o r
I n t o In c o m e b o n d s .
D I V I D E N D S . — D iv id e n d s o f H o f 1 % w e r e p a id In .J u n e 1 8 9 9 a n d 2 H % E le c . L i g h t C o . b o n d s . T h e y a r e s u b j . to c a ll a t 1 0 7 A a n d I n t . o n a n y l o t .
In D e c . 1 8 9 9 , a n d 2 % e a c h s ix m o n th s a f t e r t h a t to a n d In c lu d in g D e c . 1 9 0 3 , d a y o n 6 0 d a y s ’ n o tic e . I n t . a t M e rrill T r u s t Co., B a n g o r . T r u s t e e o f B a r
o n b o th th e In c o m e b o n d s a n d t h e p r e f . s t o c k , t h e p a y m e n t o n t h e s to c k H a r b o r E ic c . L t . C o . b o n d s Is U n io n S a fe D e p o s it A T r u s t C o ., P o r t l a n d
( b u t n o t o n th e b o n d s ) b e in g s u b j e c t to a d e d u c t i o n o f Vi o f 1 % f o r ta x e s . M e . O f B a n g o r P o w e r C o . 1 s t m t g e . b o n d s , $ 7 5 0 ,0 0 0 S e rie s A (a ll o u t) b e a r
P a y m e n t s d u e J u n e a n d D e c e m b e r 1 9 0 4 , J u n e a n d D e c e m b e r 1 9 0 5 a n d I n t . a t 4 % t o S e p t . 1 1 9 1 6 ; 4 A % t o S e p t . 1 1 9 21 a n d 5 % t h e r e a f t e r to m a ­
J u n e 1 9 0 6 o m i t t e d , a n d In 1 9 0 6 c o u p o n s f o r th e s e d a t e s w e re f u n d e d , a n d t u r i t y . S e r ie s B , $ 1 ,7 5 0 ,0 0 0 a u t h . , $ 2 5 ,0 0 0 o u t . , $ 5 0 ,0 0 0 In t r e a s . , $ 2 3 5 ,­
s u b s e q u e n t c o u p o n s w e re In lik e m a n n e r f u n d e d a s t h e y m a t u r e d u p to 0 0 0 h e ld b y B a n g o r R y . A E le c . C o . a n d $ 1 ,4 4 0 ,0 0 0 r e s e r v e d f o r e x t e n s . ,
a n d In c lu d in g D e c . 1 9 1 0 . O n J u n e 1 1 9 11 p a i d 2 % o n b o t h In c o m e b o n d s b e t t e r m e n t s , A c ., a t 8 5 % o f c o s t o f s a m e . S u b j . t o c a ll a t 1 0 5 a n d i n t . o n
a n y I n t . d a t e o n 6 0 d a y s ’ n o t i c e . N o s k . f d . I n t . a t o ffic e o f t r u s t e e o r a t
a n d p r e f e r r e d s t o c k . D e c ., 2% .
R O A D .— M iles o f t r a c k . 4 0 1 .1 6 4 ; c a r s , 1 ,7 8 2 ; g a u g e , 5 f t . 4 I n . R a lls . o ffic e o f c o m p a n y In B a n g o r .
Dividends.— 5 % p e r a n n . p a l l o n t h e old s t o c k (a ll o f o n e c la s s ) f ro m
7 0 - lb . T a n d 9 -In . a n d 1 2 4 > 4 - l b . g i r d e r . C a p a c i t y o f (4) g e n e r a t in g s t a t i o n s ,
O c t. 1 1 9 0 5 t o O c t. 1 9 0 9 , w h e n 1 H % ( q u a r .) w a s p a i d , w h ic h r a t e w a s c o n ­
4 5 .1 0 5 K . W .; c a p a c i t y o f (5» s u b - s t a t i o n s . 2 8 0 0 0 K . Vv.
t i n u e d to O c t. 1 9 1 0 . I n 1 9 1 1 , 7 % . I n 1911 s to c k w a s I n c r e a s e d a n d n e w
R E P O R T f o r t h e y e a r e n d in g D e c . 3 1 1 9 1 0 In V . 9 2 , p . 1 1 7 5 .
p r e f e r r e d s to c k w a s c r e a t e d , o n w h ic h \H % w a s p a id J a n . 1 9 1 2 .
-------1910.
1909.
1908.
E A R N I N G S .— C o m b in e d e a r n in g s o f B a n g o r R y . A E le c . C o . a n d B a r
C a r m ile s r u n ......................... 2 7 ,9 1 1 ,5 7 3 2 7 ,1 2 4 ,5 5 6 2 6 .7 6 4 ,1 4 5 2 6 .9 5 3 ,7 2 7
R e v e n u e p a s s e n g e r s _____ 1 5 4 ,9 2 8 .7 8 5 1 4 5 ,6 0 1 ,9 9 0 1 3 8 ,4 0 0 ,9 9 4 1 4 2 ,1 1 4 ,9 9 5 H a r b o r A U n io n R l v . P o w . C o . f o r y e a r s e n d in g J u n e 3 0 .
Year —
Gross. (Net after taxes) Interest.
Surplus.
T r a n s f e r s _ _ ......................... 6 0 ,7 8 9 ,8 0 7 5 7 .0 3 0 .5 5 6 5 4 ,5 8 7 ,9 4 9 5 5 ,1 6 5 ,5 8 1
$ 3 0 4 ,6 8 0
$ 1 4 6 ,5 1 7
$ 1 5 8 ,1 6 3
G ro s s e a r n i n g s __________ .$ 7 ,6 8 7 ,8 9 5 $ 7 ,2 0 9 ,9 8 4 $ 6 ,8 3 4 ,8 0 2 $ 7 ,0 1 8 ,0 8 1 1 9 1 0 - 1 1 ............................................. $ 5 7 4 ,9 8 0
2 9 5 ,4 1 1
1 4 0 .7 2 1
1 5 4 ,6 9 0
3 ,3 6 1 ,8 7 2
O p e r a t i n g e x p e n s e s _____ . 3 ,6 0 1 ,8 9 6
3 ,2 9 3 ,3 3 8
3 ,4 7 0 ,0 8 7 1 9 0 9 - 1 0 ______________________ 5 5 5 .9 3 7
R O A D .— O p e r a te s 6 3 .4 m ile s o f t r a c k In B a n g o r a n d B r e w e r , M e ., n n d
N e t e a r n i n g s ...................... .$ 4 ,0 8 5 ,9 9 9 $ 3 ,8 4 8 ,1 1 2 $ 3 ,5 4 1 ,4 6 4 $ 3 ,5 4 7 ,9 9 4 fro m B a n g o r to H a m p d e n , t o O r o n o , t o O ld T o w n a n d to C h a r l e s t o n .
2 ,7 3 4 ,1 8 8
2 ,6 3 7 .1 8 2
F ix e d c h a r g e s a n d t a x e s . 2 ,8 6 1 ,6 3 5
2 ,4 8 7 ,9 4 2 R a l ls , 4 8 to . 9 0 - lb . g ir d e r a n d T s t a n d a r d g a u g e . 58 p a s s , a n d 2 4 f r e i g h t
c a r s , 7 s n o w p lo w s a n d 2 m ls c c l. c a r s . P o w e r s t a t i o n s h a v e t o t a l c a p a c i t y
$ 1 ,2 2 4 ,3 6 4 $ 1 ,1 1 3 ,9 2 4
$ 9 0 4 ,2 8 2 $ 1 ,0 6 0 ,0 5 2 o f 1 5 ,4 0 0 h . p .
O F F I C E R S .— P r e s . , J o h n R . G r a h a m ; V . - P . F r a n k S lll lm a n J r . ; C le rk
2 ,4 9 0
2 ,4 9 0
3 ,2 4 0
6 .5 0 5
O t h e r I n c o m e ------------------- .
A T r e a s . , H o w a r d C o r n i n g .— V . 8 4 , p . 3 3 8 ; V . 8 7 , p . 1 0 0 9 ; V . 8 9 . p . 7 7 7 ;
$ 1 ,2 2 6 ,8 5 4 $ 1 ,1 1 6 ,4 1 4
$ 9 0 7 ,5 2 2 $ 1 ,0 6 6 ,5 5 7 V . 9 2 , p . 1 3 7 4 ; V . 9 3 , p . 4 6 8 , 1 7 2 4 .
8 6 4 ,0 4 9 (1 1 ,0 1 3 ,4 1 3
8 1 3 ,7 5 1
1 ,0 2 8 ,8 9 9
E x tra o rd in a ry e x p e n d .. .
BARRE, V1.
$ 3 7 ,6 5 8
$ 9 3 ,7 7 1
B a l a n c e ___ ______________ $ 3 6 2 ,8 0 5
$ 1 0 3 ,0 0 1
BARRE & AlONTPELIER TRACTION & POWER CO.- A t r o l le y r o a d .
a I n c lu d e s $ 4 5 6 ,6 9 3 b r o u g h t o v e r f r o m 1 9 0 6 .
Sold. — I n M a y 1 9 0 7 t h e c o n tr o l o f th is c o m p a n y w a s s o ld t o a s y n d i c a t e
O F F I C E R S . — P r e s ., W illia m A . H o u s e : V . - P ., F r a n k A . F u r s t ; V . - P .
a n d G e n . M g r ., T h o s . A . C r o s s ; S e e ., W illia m E a r ly ; A c ti n g T r e a s . , J . T . r e p r e s e n te d b y F r a n k M . C o r r y , P r e s , o f t h e F i r s t N a t . B a n k o f M o n tp e lie r .
S ta u b ; A u d ito r, N . E . S tu b b s . V . 9 0 , p . 1 0 45 , 1 3 5 9 ; V . 9 1, n . 3 9 . 1386
STOCK AN D B O N D S—
Date. Interest. Outstanding. M aturity.
1 6 3 1 . 1 7 7 0 ; V . 9 2 , p . 4 6 3 , 1 0 3 3 , 1 1 7 5 , 1 4 3 7 . 1 7 0 2 ; V . 9 3 . p . 4 6 , 1 6 5 , 4 7 0 , S to c k , $ 1 5 0 ,0 0 0 , p a r $ 2 5 ........................................... ...............
$ 1 2 0 ,0 0 0 .............................
1022, 1601.
1 s t M . g o ld , $ 1 0 0 ,0 0 0 ($ 5 0 0 1 1 8 9 7
5 g M -N
1 0 0 ,0 0 0 N o v 1 1 9 1 7
e
a
c
h
)
,
n
o
t
s
u
b
j
e
c
t
to
c
a
ll.c
*
l
i
n
t
,
a
t
A
m
e
r
i
c
a
n
T
r
.
C o ., B o s t o n , T r u s t e e .
(1) B a ltim o r e S p a r r o w s P o in t & C h e s a p e a k e R y .
F o r y e a r e n d in g D e c . 31 1 9 1 1 , g r o s s , $ 5 9 ,1 1 1 ; n e t . $ 1 3 ,­
O R G A N I Z A T I O N .— I n J a n . 1 9 0 3 w a s le a s e d fo r 9 9 9 y e a r s t o t h e U n . 8 0 0E .A RI Nn I1N9 G1 0S, .—
g r o s s , $ 5 4 ,8 1 3 ; n e t , $ 1 8 ,2 8 2 .
R y s . A E l e c tr ic C o . o f B a l tim o r e , w h ic h g u a r a n t e e s t h e b o n d s n l o w , b o th
B a r r e to M o n tn e lle r , V t .. 0 A m ile s , o p e n e d J u n e 3 0 1 8 9 8 .
n s to p r in c ip a l a n d I n t e r e s t , a n d a ls o o w n s a ll o f t h e s to c k . S c f f V . 7 9 p . P o Rw Oe rA IsD .—
y - D c a v l t t F r o s t E l e c tr ic C o . ( c a p i t a l $ 2 2 5 ,­
2 6 4 3 . H a s 3 5 m ile s o f s in g le t r a c k . In c lu d in g a lin e 2 2 m ile s lo n g c o n n e c ti n g 0 0 0 ) u n d efru ran is1 0h-eyde abr yc ot hn et r aCcot r fr ro
m M a rc h 1 1 9 0 9 .
B a l tim o r e w ith th e M a r y la n d S te e l W o r k s a t S p a r r o w 's P o i n t , a n d e x t e n d ­
P r e s .. F . M . C o r r y , M o n tp e lie r ; V . - P . , H . K . B u s h ,
in g b e y o n d a lo n g t h e s h o r e o f C h e s a p e a k e B a y , w h e r e s u m m e r r e s o r t s lia v t B aOr rFe F, VI Ct .;E RS eSc.—
. A T r e a s . , E . H D e a v l t t , M o n tp e lie r ; G e n . M g r ., I . M . F r o s t ,
b e e n e s ta b li s h e d .
STOCK A N D BO N D S—
Date. Interest. Outstanding. M aturity M o n tp e lie r .— V . 8 4 , p . 1 2 4 6 .
S to c k . $ 2 ,0 0 0 0 0 0 .............................................................................
$ 4 0 0 ,0 0 0 ............................
1 s t m tg e ., $ 2 ,0 0 0 ,0 0 0 , g o ld ) 1 9 0 3
4 g F -A 2 ,0 0 0 ,0 0 0 F e b 1 1 9 5 3
B A R T L E S V IL L E , O K L A .
($1 0 0 0 )
g u a r p r i n c i p a l ) F i d e l i t y T r u s t C o ., B a l tim o r e , T r u s t e e .
B A R T L E S V IL L E IN T E R U R B A N R A IL W A Y .
n n d i n t e r e s t ...................... . -c * J I n t e r e s t a t A le x . B r o w n A S o n s , B a l tim o r e
O
R
G
A
N
I
Z
A
T
I
O
N
.— I n c o r p . In O k la h o m a In 1 9 0 7 . Franchises a r c f o r 4 9
R E P O R T .— O p e r a ti o n s i n c lu d e d in U n it e d R y s . A E le c . V . 8 0 . p . 221
y e a r s . H a s p r i v a t e r i g h t o f w a y e x c e p t In c i t y s t r e e t s . N e g o tia t io n s h a v e
(2 ) B a l tim o r e H a le t h o r p e & E l k r id g e R y .
b e e n c o m p le te d w h e r e b y c o m p a n y w ill d o e n t i r e e le c tr i c l i g h t in g a n d p o w e r
O R G A N I Z A T I O N .— I n c o r p o r a t e d o n D e c . 2 6 1 9 0 5 In M a r y la n d . S to c k . b u s in e s s In B a r t le s v il le a n d D e w e y .
STO CK AN D BO NDS—
Date. Interest. Outstanding. M aturity.
$ 1 0 0 ,0 0 0 ; o u t s t a n d i n g , $ 1 0 ,0 0 0 . H a s m a d e a $ 3 0 0 ,0 0 0 m tg e to F id e lit y
T r u s t C o . o f B a l tim o r e , t r u s t e e . 2 0 - y e a r 5 % b o n d s , p r l n . a n d I n t . , p a y a b l e S to c k $ 3 0 0 ,0 0 0 ............................- ....................
-----$ 1 4 6 ,3 0 0 f . p ------------------F i r s t m o r tg a g e $ 2 5 0 ,0 0 0 g o ld ) 1 9 1 0
6 g J-J
1 5 0 ,0 0 0 J u l y 1 9 1 9 3 4
a t A l e x a n d e r B r o w n A S o n s , B a l t .; n o t g u a r , b y U n it e d R y s . & E le c . C o
( $ 5 0 0 ) ________________ ____c A r j I n t e r e s t a t T r u s t C o . o f A m e r i c a , N e w Y o r k .
N o n e o u t . O w n s 2 .9 6 4 m ile s o f r o a d , w h ic h Is o p e r a t e d b y U n it e d R y s
B onds. — • R e m a in in g f ir s t m t g e . b o n d s a r c r e s e r v e d f o r a d d i t i o n s a n d b e t­
A E le c C o .— V . 8 7 , p . 5 4 3 .
_________
t e r m e n t s . S u b j e c t to c a ll a t 1 0 2 a n d I n t . o n a n y I n t . d a t e o n 6 m o n t h s ’
T H E M A R Y L A N D E L E C T R IC R A IL W A Y S C O .
n o tic e . C itiz e n s ’ B a n k A T r u s t C o ., B a r t le s v il le , t r u s t e e . V . 9 3 , p . 7 9 5 .
E A R N I N G S .— F o r y e a r e n d in g J u n e 3 0 1 9 11 ( n o e le c tr i c c u r r e n t s u p p lie d
O R G A N I Z A T I O N .— I n 1 9 0 6 t h e c h a r t e r o f t h e M a r y la n d E l e c . R y . w a e
a c q u i r e d b y I n t e r e s t s f r i e n d ly to t h e U n it e d R y s . A E le c , f o r t h e p u r p o s e b e f o r e O c t. 1 9 1 0 ), g r o s s , $ 6 5 ,7 2 2 ; n e t , a f t e r t a x e s , $ 3 3 ,5 2 7 ; I n t . , $ 9 ,0 0 0
*•
a m o n g o t h e r s , o f u s in g t h a t c o m p a n y t o f ln a n c e t h e n e e d s o f t h e U n it e d R y s . s u r p l u s , $ 2 4 ,5 2 7 .
R O A D .— O w n s a n d o p e r a te s 8 .7 m ile s o f r a il w a y In a n d b e tw e e n B a r t le s ­
A E le c . C o ., fo r a d d i t i o n a l p r o p e r t y , a n d c h a r t e r a m e n d e d b y L e g i s la tu r e In
to a d a p t I t to t h a t p u r p o s e . I n A u g . 1 9 0 6 w a s c o n s o l, w i th t h e U a ltl v ille a n d D e w e y . S t a n d a r d g a u g e . 6 0 - lb . r a i l s . 4 c a r s . 4 a d d i t i o n a l
c a r s h a v e b e e n o r d e r e d . A n e x te n s io n f r o m D e w e y t o K a n s a s S t a t e L in e ,
m o r e A A n n a p o lis S h o r t L in e , w h ic h l a t t e r lin e h a s s in c e b e e n e le c tr lf lc d
-41
T h e M a r y la n d E l e c tr ic R a i lw a y s t h e n a c q u i r e d c a r b a r n s it e s , te r m i n a l s to c o n n e c t w ith U n io n T r a c t i o n C o . li n e s . Is p r o p o s e d .
O F F I C E R S .— P r e s . , J . J . C u r l; V . - P . , G e o . B . K e e le r ; ' S e c ., F . M . O v e r
A c ., a n d Is e r e c tin g b u ild in g s , c o n s t r u c t i n g e x t e n s i o n s , p u r c h a s i n g e q u ip
i n e n t , A c , w h ic h Is le a s e d to t h e U n i t e d R y . A E l e c t r i c C o . f o r a n a n n u a l le e s ; T r e a s . , W . A . S m i t h ; G e n . M g r ., I I . A s k ln , a llJ[o f B a r t le s v il le .—
r e n t a l o f 6 % u p o n t h e a c t u a l c o s t o f t h e p r o p e r t y . A t m a t u r i t y o f th e V . 9 3 , p . 7 9 5 .
, 2

1

1 0 0

0 0 0

1 9 0 6




12

E L E C T R IC R A IL W A Y S
BATON RO UG E, L A .

[VOL. LXXXXIV.
B IN G H A M T O N , N . Y .

BATON ROUGE ELECTRIC CO.

BINGHAMTON RAILWAY CO.—A trolley road.

O R G A N I Z A T I O N , E T C .— O r g a n iz e d In L o u is ia n a ; d o e s e n t i r e e le c tr i c
n S e p t. 30 1901 o f th e B in g h a m to n
r a il w a y , e le c t r i c - l i g h t i n g , p o w e r a n d g a s b u s in e s s In B a t o n R o u g e . R a i l ­ R RO . RCGo A( Nc hI aZr At e Tr eIdO NA u.—g . I s11a 1c8o9n2s oal sid aa tio
s t r e e t r a il w a y s In
w a y f r a n c h is e e x p ir e s 1 9 4 0 ; g a s 1 9 4 2 , e le c tr i c - lig h ti n g a n d p o w e r 1 9 8 8 . c it y ) a n d t h e B in g . L c s t e r s h lr e & U n iocno nRsRo l.id a Ptior inn coipf aa lll franchises
g ra n te d V . 88, p. 881.
b y s p e c ia l A c ts o f L e g i s la tu r e , a n d a r e s a id to b e p r a c t i c a l l y e x c lu s iv e a n d
STO CK AN D BO N D S—
Date. Interest. Outstanding. M aturity. p e r p e t u a l .
C o m m o n , $ 5 0 0 ,0 0 0 ( $ 1 0 0 ) .............................................................. $ 3 0 0 ,0 0 0 .............................
STOCK AN D BO N D S—
Date. Interest. Outstanding. M aturity.
P r e f ., $ 2 5 0 ,0 0 0 ($ 1 0 0 ) 6 % ..........................................................
2 0 0 .0 0 0 ............................. S to c k . $ 1 ,1 5 0 ,0 0 0 ( $
) ..........................................................
$ 9 7 8 ,8 8 5 F e b ’12 2 %
1 s t m o r t g a g e , $ 7 5 0 ,0 0 0 g o l d / 1 9 0 9
5 F -A
4 1 5 ,0 0 0 F e b . 1 1 9 3 9 B i n g h a m t o n R R . C o . M .,1
f
3 0 ,0 0 0 1 9 1 2 -1 9 1 7
($ 5 0 0 a n d $1 0 0 0 ) ------------c * ) I n t e r e s t a t C i t y T r u s t C o ., B o s t o n , t r u s t e e .
$ 9 0 0 ,0 0 0 , g . $ 1 ,0 0 0 --------c* |
|
($ 5 ,0 0 0 d u e y e a r ly
Stock. — D I v . o n p r e f . Is c u m u l a t i v e a f t e r J u n e 1 9 1 2 . R e d e e m a b le a t 1 1 0 . (S e e t e x t ) I n t e r e s t a t M e t- ) 1 8 9 3 5 g J - J j
5 0 .0 0 0
1 9 1 8 -1 9 2 2
B onds. — $ 1 0 ,0 0 0 b o n d s a r e In t r e a s u r y o f c o m p a n y ; r e m a in i n g b o n d s
t r o p o l . T r u s t C o .. N . Y . , |
1 (1 0 ,0 0 0 d u e y e a r l y S e p t l
m a y b e I s s u e d a t n o t to e x c e e d 8 0 % o f c o s t o f a d d i t i o n s a n d I m p r o v e m e n ts .
T ru s te e .
J
l
4 4 7 ,0 0 0 d u e S e p t 1 ’23
M a y b e c a lle d , In w h o le o r In p a r t , a t 1 0 5 a n d l n t . o n a n y i n t . d a y . S i n k in g S i n g . L e s t . & U n . 1 s t M .) 1 8 9 5 5 g J - D
1 4 7 ,0 0 0 J u n e 1 , 1 9 2 5
f u n d o f 1 % p e r a n n u m o f b o n d s o u t b e g in s F e b . 1 1 9 1 4 .
($ 2 5 0 ,0 0 0 ) g o ld , p r l n - ) I n t e r e s t a t M e tr o p o lit a n T r u s t , N . Y .
a l a n d I n t . g u a r ............... J
B i n g h a m t o n T r u s t C o ., T r u s t e e .
E A R N I N G S .— F o r 12 m o s . e n d in g N o v . 3 0 1 9 1 1 , g r o s s , $ 1 1 8 ,0 2 5 ; n e t , 9 l nc lp
g . R y . 1 st c o n s o l, m o r t. 1 1901
5 g M -N
1 ,2 0 4 ,0 0 0 N o v . 1 1 9 3 1
$ 4 5 ,5 8 6 ; l n t . a n d ta x e s , $ 2 4 ,1 7 0 ; s u r p l u s , $ 2 1 ,4 1 6 . I n 1 9 0 9 -1 0 , g r o s s ,
$ 2 ,5 0 0 ,0 0 0
g o ld
( $ 1 , - ) I n t e r e s t a t F i d e l i t y T r u s t C o .. B u f f a lo , T r u s $ 1 0 9 ,3 3 7 ; n e t , $ 3 8 ,9 0 2 ; l n t . a n d ta x e s , $ 2 3 ,1 2 8 ; s u r p l u s , $ 1 5 ,7 7 4 .
• i0 0 )------------ --------------------------c * J t e e , o r S e a b o a r d N a t i o n a l B a n k , N e w Y o r k .
R O A D .— O p e r a te s 3 .9 m ile s o f t r a c k In f o r m o f a s in g le b e l t t h r o u g h
Bonds .— O f t h e b o n d s o f 1 8 9 3 , $ 8 0 ,0 0 0 m a t u r e In I n s t a l l m e n t s a s I n d ic a te d
B a t o n R o u g e ; 13 c a r s ; s t a n d a r d g a u g e .
In t h e t a b i c a n d t h e r e m a i n d e r S e p t . 1 1 9 2 3 . O f t h e B i n g h a m t o n R y . 1 s t
O F F I C E R S . — P r e s ., C h a s . F . W a lla c e ; V . - P . , E d w . G o d c h a u x : S e c ., c o n s o l , m t g e . , e n o u g h a r c r e s e r v e d to r e t i r e u n d e r l y i n g b o n d s a n d t h e r e ­
A l v a h K . T o d d ; T r e a s . , H e n r y B . S a w y e r ; G e n . M g r s ., S t o n e & V e b s t e r ; m a i n d e r f o r a c q u l s ’n s , e x t e n s ., & c ., u n d e r c a r e f u l r e s t r i c t i o n s . T h e y a r c
sub. to call a t 1 1 0 & i n t . S e e V . 7 3 . p . 1 3 1 2 ; V . 7 8 , p . 7 0 1 ; V . 8 8 , p . 7 4 8 .
M g r ., W . A . B u t t r l c k . — V . 8 4 , p . 5 0 6 ; V . 8 8 , p . 8 8 1 ; V . 8 9 , p . 7 2 0 .
D ividends.— 2 % w a s p a i d J a n . 31 1 9 0 2 ; 2 % M a r . 3 1 9 0 3 ; 2 % A p r . 11
1 0 0 4 a n d 2 % A p r . 1 0 1 9 0 5 . A s c r ip d iv i d e n d o f 2 0 % w a s p a i d A p r . 18
B E A T R IC E , N E B .
1905. In 1906, 2 H % . In 1907, 2 X
A % . I n l 9 0 8 , 2 H % . I n 1 9 0 9 , S e p t .,
BEATRICE ELECTRIC COMPANY.
2 H % . I n 1 9 1 0 , S e p t ., 2 M % . I n 1 9 1 1 , S e p t . , 3 % . I n 1 9 1 2 , F e b . , 2 % .
R O A D .— O p e r a te s 4 6 m ile s o f t r a c k . C o n n e c ts B i n g h a m t o n w i t h
O R G A N I Z A T I O N .— F o r m e r ly o p e r a t e d t h e s t r e e t r a i l w a y lu B e a t r i c e ,
7 m ile s , b u t th is h a s s in c e b e e n g iv e n u p a n d t h e r e Is n o s t r e e t r a il w a y In L e s t e r s h lr e , H o o p e r , E n d l c o t t , U n io n a n d P o r t D i c k i n s o n . A n e x te n s io n
o p e r a t i o n a n y lo n g e r in B e a t r ic e . T h e B e a t r ic e E l e c tr ic n o w d o e s o n ly a n f ro m U n io n to O w e g o Is b e in g c o n s t r u c t e d . S t a n d a r d g a u g e , 6 0 - lb . to 9 4 - lb .
T a n d g ir d e r r a il; 7 5 m o to r c a r s a n d 27 t r a i l c a r s .
e le c tr i c - lig h ti n g b u s in e s s .
E A R N I N G S .— F o r
m o s . e n d in g N o v . 3 0 , g r o s s , $ 3 8 3 ,8 8 2 ; n e t , $ 1 7 4 ,­
4 0 5 ; i n t . a n d ta x e s , $ 1 1 1 ,1 6 4 ; s u r p l u s , $ 6 3 ,2 4 1 . I n 1 9 1 0 , g r o s s , $ 3 5 7 ,9 1 7 ;
BEAUM ONT, TEX.
n e t , $ 1 5 2 ,9 9 3 ; I n t . a n d ta x e s , $ 1 0 7 ,3 2 0 ; s u r p l u s , $ 6 5 ,6 7 3 .
O F F I C E R S .— P r e s . G . T . R o g e r s ; V . - P . G e o . E . G r e e n e ; S e c r e t a r y , J o h n
BEAUMONT TRACTION CO.
Receivership .— T h e U . S . C i r c u it C o u r t a t S h e r m a n , T e x . , In 1 9 0 9 a p ­ B . R o g e r s ; T r e a s . H . C . H a rVd le 7; 9G, epn. M1 6a4n9. ; aVn d 8P8 u, rp. A7 g4 8t .;, VJ .. P9 0. , Ep. . C7la7 0r ;k ;
p o i n t e d J a s . F . W e e d o f B e a u m o n t r e c e iv e r , o n a p p l i c a t i o n o f I n t e r - S t a t e VO .ff 9ic1e., pB. i n2 7g 5h ;a mV t. o 9n 3, , Np . Y6 6 —
5, 1190, 1785; V . 94, p . 205.
T r u s t & B a n k in g C o ., In o r d e r t o p r o t e c t b o n d h o ld e r s , c i t y h a v i n g t h r e a t ­
e n e d a s u i t t o f o r f e it c o m p a n y ’s c h a r t e r . V . 8 9 , d . 3 4 7 . T h e c o m p a n y
h a v i n g In F e b . 1 9 1 1 a d j u s t e d I t s d lll c r e n c e s w i th C i ty C o u n c il, r e l a t i v e to
B IR M IN G H A M , A L A .
f r a n c h is e s . I t w a s e x p e c t e d t h a t r e c e iv e r s h ip w o u ld s o o n b e e n d e d . U p to
. J a n . 1 9 12 r e c e iv e r w a s s t i l l In c h a r g e . $ 1 7 5 ,0 0 0 r e c e iv e r ’s c e r t f s . , d u e o n
B I R M IN G H A M R Y . L I G H T & P O W E R .
o r b e f o r e N o v . 1 1 9 1 2 , h a v e b e e n a u t h . f o r I m p r o v e m e n ts , & c .; $ 1 1 0 ,0 0 0
C o n tr o lle d b y t h e A m e r ic a n C itie s C o ., w h ic h o w n s 8 8 .3 % o f t h e c o m m o n
o u t to J a n . 1 1 9 1 2 .
a n d 7 8 .8 % o f t h e p r e f e r r e d s t o c k . V . 9 3 , p . 2 2 8 .
O R G A N I Z A T I O N .— S to c k o u t , $ 6 0 0 ,0 0 0 ; b o n d s $ 5 0 0 ,0 0 0 . A ll t h e
O R G A N I Z A T I O N .— C o n s o li d a t io n o n J u n e 13 1 9 0 1 o f t h e B i r m in g h a m
s t o c k a n d $ 1 0 0 ,0 0 0 o f t h e b o n d s a r e h e ld b y t h e U n it e d P u b l ic U t ili tie s C o ., G a s C o ., t h e C o n s o li d a t e d E l e c tr ic L i g h t C o . a n d t h e B i r m in g h a m R y .
w h ic h c o m p a n y s u c c e e d e d t h e S o u t h e r n E l e c t r i c S e c u r i tie s C o . s o ld a t L i g h t & P o w e r C o . C o m p r is e s a ll t h e s t r e e t r a i l w a y s , g a s a n d e le c tr l c - llg n t
f o r e c lo s u r e O c t . 19 1 9 1 0 .
a n d p o w e r p l a n t s o f G r e a te r B i r m in g h a m a n d B e s s e m e r , w ith t h e e x c e p ­
ti o n o f g a s In B e s s e m e r a n d a s m a ll e le c tr i c p l a n t In N o r t h B i r m in g h a m .
R O A D .— O w n s 12 m ile s o f s in g le t r a c k .
c o v e r in g g a s , e le c tr l o - llg h t a n d p o w e r b u s in e s s a n d s t r e e t r a il w a y
O F F I C E R S .— P r e s ., L y n n H . D in k in s ; V . - P ., J o n a s H . L e v y ; S e c ., H . M , Franchises
lin
Y o u n g ; T r e a s . , M a x ^ S c h w a b a c h e r , a ll o f N e w O r l e a n s .— V . 9 2 , p . 3 9 3 . 4 6 0 . a r ide s oapr ee r, awteistha s sotem aemu-nh iema tpi no gr t apnl ta ne tx cIne p Bt ioi rnms ,insgt ah taemd . to b e p e r p e t u a l . O w n s
I s i d o r e N e w m a n & S o n , N e w O r l e a n s , a r e F is c a l A g e n ts .
B E L L IN G H A M , W A S H .
S T O C K A N D B O N D S .—
Date. Interest. Outstanding. M aturity.
C o m m o n ($ 1 0 0 ) $ 3 ,5 0 0 ,0 0 0 ......................
J-J
$ 3 ,5 0 0 ,0 0 0 D e c ’ 1 1 , 4 %
WHATCOM
COUNTY
RAILWAY
&
LIGHT
CO.—A
trolley
road.
s e m i- a n n .
3 ,5 0 0 ,0 0 0 D e c ’l l , 3 %
Proposed Merger.— S e c P a o . C o a s t P o w . C o . o n s u b s e q u e n t p a g e a n d BP rier mf ( $in1g0h0a) m$ 3 ,5R 0y0 ,0& 0E0l 61 '%s t Mc ug ]m 1------894 5 g J - J
9 3 5 ,0 0 0 J u l y 2 1 9 24
V . 94, p . 125.
$
1
,2
5
0
,0
0
0
(
$
1
,0
0
0
)
------c*
[
I
n
t
.
a
t
B
i
r
m
in
g
h
a
m
T r. & S av. B an k ,
O R G A N I Z A T I O N .— I n c o r p o r a t e d In N e w J e r s e y o n N o v . 2 6 1 9 0 2 . C o n ­
, o r a t C e n . T r . C o ., N . Y .
tr o l s t h e e n t i r e s t r e e t r a i l w a y , g a s . e le c tr i c l i g h t in g a n d p o w e r b u s in e s s o f G e n M r e f $ 1 0 ,0 0 0 ,0 0 0 g o ld fJ 1 9 B0 4l r m ., 1 Ht r u gs t eAe-O
8
,7
2 0 ,0 0 0 A p ril l 1 9 5 4
B e llln g n a r n . P r in c ip a l r a ilw a y franchise e x p ir e s In 1 9 4 1 ; m in o r r a il w a y
( $ 1 , 0 0 0 ) ------------------------------ c* ( I n t . a t C o m m e r c l a l- G e r m a n i a T r . & S a v . B k . ,
franchise In 1 9 3 4 ; e le c tr i c - lig h ti n g a n d p o w e r franchise In 1 9 4 0 ; g a s franchise
t e e , o r a t N . Y .T r u s t C o . , N . Y .
In 1 9 4 1 . I n O c t . 1 0 0 5 a c q u i r e d t h e N o o k s a c k p o w e r p l a n t o f t h e B e llin g R e f & e x t e n M $ 2 5 ,0 0 0 ,0 0 0 )I N 1e9w0 7O r l .,6 Tg r uMs -N
1 ,8 0 0 .0 0 0 M a y 1 1 9 5 7
h a m B a y I m p r o v e m e n t C o . a n d a ls o th e l i g h t in g f r a n c h is e s o f t h a t c o m p a n y .
($ 1 ,0 0 0 )
g o ld
s in k in g ^ I n te r e s t a t O ld C o lo n y T r u s t C o ,. B o s t o n ,
V . 81, p . 1316, 1494.
f
u
n
d
________________________
c*
J
T
r
u
s
t
e
e
,
a
n
d
N
.
Y
.
agency of co m p any .
O n M a y 1 6 1 9 1 0 s h a r e h o l d e r s a u th o r iz e d a n In c re a s e In p r e f . s to c k f r o m
Bonds.— O f th e n e w $ 2 5 ,0 0 0 ,0 0 0 b o n d s , $ 9 ,6 5 4 ,0 0 0 a r e r e s e r v e d f o r p r io r
$ 7 5 0 ,0 0 0 to $ 1 ,3 5 0 ,0 0 0 , p r o c e e d s o f n e w s t o c k to b e u s e d t o p u r c h a s e s t o c k
o f a n e w c o m p a n y ( t h e B e l lin g h a m & S k a g i t R y . C o ., I n c o r p . in M a in e ) , H e n s, $ 1 ,2 0 0 ,0 0 0 f o r c o s t o f n e w p o w e r h o u s e If f ir s t lie n o n s a m e , b a la n c o fo r
w h ic h Is to b u ild a r a il w a y f r o m B e llin g h a m to M t . V e r n o n a n d S e d r o - 8 0 % o f c o s t o f a d d i t i o n s If n e t e a r n in g s a r e 1 A ti m e s t h e l n t . o n a ll b o n d s
W o o lle y . V . 9 0 , p . 1 6 1 5 . I n 1 9 1 1 , h o w e v e r , S e a t t l e - E v c r c t t T r a c . u n d e r ­ o u t s t a n d i n g , In c lu d in g th o s e to b e Is s u e d , a n d p r o v id e d 1 0 % o f g ro s s e a r n ­
in g s h a v e b e e n e x p e n d e d f o r m a i n t e n a n c e w i th in p r e v io u s 12 m o n t h s . T h e
to o k t o b u ild t h e li n e .
m a k e t h e r a t e o f I n te r e s t o n s u c c e e d in g I n s ta l lm e n ts n o t to
STO CK A N D BO N D S—
Date. Interest. Outstanding. M aturity. de xi rceecetdo r 6s %m. a y Bonds
subject to call. S in k in g f u n d o f H o f 1 % o f b o n d s
C o m m o n , $ 7 5 0 ,0 0 0 ( $ 1 0 0 ) ....................................................
$ 7 5 0 ,0 0 0 ______________ o u t . c o m m e n c e s S e p tnot
. 1 1 9 1 8 . F o r d e ta il s o f b o n d s , p r o p e r t y , & c ., s e c V .
P r e f $ 1 ,3 5 0 ,0 0 0 6 % c u m ______ . . .
M -S
1 ,1 4 5 .5 0 0 S e p t ’1 1 .3 %
S in k ,
F i r s t m o r tg a g e $ 2 ,5 0 0 ,0 0 0 ,1 1 9 0 5
5 g M -N
1 ,5 1 8 ,0 0 0 N o v 1 1 9 3 5 8f u7 n, dp .o f1 6A0 3 o. f 1O%f toh fe bgoennd. s Mo .u ot .f b1e9g0in4 ,s nAo umg .o r1e 1b9o2n4d. s cTahne bbeo Insds su eadr e. sub.
to
g o ld ($ 1 ,0 0 0 ) _______________ j l n t . a t O ld C o l. T r u s t C o ., B o s t o n , T r u s t e e . call a t 1 0 5 & l n t . F o r 1 s t 5 s o f 1 8 9 4 , $ 1 2 ,5 0 0 p e r a n n . Is p a y . I n to a sink. fd.
1 7 4 ,2 1 9
N o te s p a y a b l e N o v . 3 0 1 9 1 1 ______ _______ ______________
$ 3 1 5 ,0 0 0 h a v e b e e n c a n c e l e d .
Stock.— P r e f . s t o c k is r e d e e m a b l e a t 1 1 0 .
D ividends.— F i r s t d iv . o n p r e f . s t o c k , o f 3 % , p a id In J a n . 1 9 0 2 , a n d 3 %
Bonds — Bonds subject to call a s a w h o le o n a n y l n t . d a t e a t 1 0 5 a n d I n t .
S in k in g f u n d o f 1 % p e r a n n u m o f b o n d s o u t s t a n d i n g , I f e a r n e d , c o m m e n c e d h a s b e e n p a id s . - a . s in c e t h e n , to a n d ln c l. D e c . 1 9 1 1 ; o n c o m . s to c k In 1 9 0 3
I
A
% : In 1 9 0 4 , 3 H % ; In 1 9 0 5 . 4 % ; In 1 9 0 6 . 4 H % ; In 1 9 0 7 , 2 A % (p d .
N o v . 1 1906; o n N o v . 1 1911 b e c o m e s o b lig a to ry .
D e c . 31 1 9 0 6 ); 1 9 0 8 , a n d 1 9 0 9 . n o n e ; in 1 9 1 0 , 5 % ; In 1 0 1 1 . 7%.
D ividends. — 6 % Is b e in g p a id o n p r e f e r r e d s to c k .
L A T E S T E A R N I N G S .— F o r 12 m o s . e n d . S e p t . 3 0 1 9 1 1 , g r o s s , $ 2 ,7 7 7 ,­
E A R N I N G S .— F o r 12 m o s . e n d in g N o v . 3 0 1 9 1 1 , g r o s s , $ 3 8 8 ,2 2 5 ; n e t , 7 6 5 ; n e t , a f t e r ta x e s , $ 1 .1 3 5 ,0 7 2 ; f ix e d c h a r g e s , $ 5 5 8 ,4 5 0 ; s u r p l u s , $ 5 7 6 ,6 2 2 .
$ 1 8 0 ,0 0 7 ; o t h e r I n c o m e , $ 3 6 ,9 0 1 ; i n t e r e s t a n d ta x e s , $ 1 1 3 ,1 2 0 ; s in k in g f u n d ,
R E P O R T . — F o r c a le n d a r y e a r s :
$ 1 5 ,1 8 0 ; s u r p l u s , $ 8 8 ,6 0 8 .
Net after Interest and
R O A D .— O p e r a te s 2 3 .2 m ile s o f tr a c k ; s t a n d a r d g a u g e ; r a il s 4 0 to 6 0 - lb .; Year.
Gross.
Taxes.
S in k. Fund Surplus
1 7 p a s s e n g e r a n d 2 3 o t h e r c a r s ; 2 lo c o m o tiv e s .
1910
$ 2 ,6 8 1 ,9 6 0 $ 1 ,1 2 0 ,8 6 2
$ 5 4 7 ,5 7 0
$ 5 7 3 ,2 9 2
2 ,2 8 6 .3 6 9
8 7 8 ,6 2 5
5 3 5 ,3 1 0
3 4 3 ,3 1 5
O F F I C E R S .— P r e s ., F r e d e r i c k S . P r a t t ; V . - P s ., E d w a r d B y r n e s a n d 1 9 0 9
2 ,1 6 7 ,5 4 6
7 3 3 .6 9 6
5 2 7 ,3 8 6
2 0 6 ,3 1 0
R . T . L a f f ln ; S e c ., C l e m e n t R . F o r d ; T r e a s . , H e n r y B . S a w y e r ; G e n . M g rs . 1 9 0 8
2 ,2 2 0 ,0 9 9
6 9 9 ,5 2 0
4 7 9 .5 0 6
2 2 0 ,0 1 4
a n d T r a n s f e r A g e n ts , S to n e & W e b s t e r , B o s t o n , M a s s .— V . 8 2 , p . 3 9 3 , 1 0 4 2 ; 1 9 0 7
V . 8 4 , p . 1369; V . 8 5 . p . 1144; V . 9 0 , p . 1615; V . 9 4 , p . 12 5.
R O A D .— O p e r a te s 1 3 4 m ile s o f t r a c k In c it ie s o f B i r m in g h a m , B e s s e m e r ,
a n d In J e f f e r s o n C o u n ty . S t a n d a r d g a u g e . A ll b u t 2 6 m ile s 7 0 to 1 0 0 - lb .
T a n d g ir d e r r a i l s . O p e r a te s 1 6 3 c a r s .
B E N T O N H A R B O R , M IO H .
O F F I C E R S . — P r e s , a n d G e n . M g r ., A . I I . F o r d , B i r m in g h a m ; A s s t , to
BENTON HARBOR-ST. JOE RAILWAY & LIGHT CO.
P r e s ., W . S . S lo a n ; V . - P s ., G e o . B u llo c k , N e w Y o r k , a n d L e e C . B r a d l e y ,
O R G A N I Z A T I O N .— I n c o r p o r a t e d In M ic h ig a n In J a n . 1 9 0 6 a n d Is a c o n ­ B i r m in g h a m ; S e c ., J . P . R o s s ; T r e a s . a n d A u d ., T h e o . I I . R a b c .— V . 8 7 ,
s o li d a t io n o f t h e B e n to n H a r b o r & S t . J o s e p h E l e c tr ic R y . & L i g h t C o . p . 1 6 0 3 ; V . 9 0 , p . 5 3 ; V . 9 1 , p . 3 7 ; V . 9 3 , p . 1 0 4 ; V . 9 3 , p . 1 7 2 4 .
a n d th e S t. J o s e p h R iv e r T ra c tio n C o.
I n 1 9 1 1 , a n e w $ 2 ,5 0 0 ,0 0 0 b o n d Is s u e w a s a u t h o r i z e d , b u t u p to J a n .
1912 n o b o n d s o u t.
B L O O M SB U R G , P A .
STOCK A N D BONDS—
Date. Interest. Outstanding. M aturity.
C O L U M B IA P O W E R . L I G H T & R A I L W A Y S C O .
C o m m o n , $ 7 0 0 ,0 0 0 ($ 1 0 0 ) ...........................................
$ 7 0 0 ,0 0 0 ..............
O R G A N I Z A T I O N .— I n c o r p o r a t e d In D e la w a r e . O w n s c i t h e r t h e w h o le
P r e f ., $ 3 0 0 ,0 0 0 ( $ 1 0 0 ) ...................................
6 F -A
3 0 0 ,0 0 0 ................................
% o f t h e c a p i t a l s t o c k , a n d In s o m e c a s e s t h e m a j o r i t y o f t h e b o n d s ,
1 s t c o n M , $ 1 ,0 0 0 ,0 0 0 , g o id l 1 9 0 6 5 g M -N
8 1 0 ,0 0 0 N o v 1 1 9 3 5 oo fr ot vh ee r fo9 0llo
w in g c o m p a n i e s , o p e r a t i n g In t h e to w n s o f B l o o m s b u r g , D a n ­
($ 5 0 0 a n d $ 1 ,0 0 0 ) -------------- c j l n t . a t C o lu m b ia T r . C o ., L o u is v ille , T r u s .
s a a n d B e rw ic k : C o lu m b ia & M o n to u r E l e c . R y . ( $ 3 7 5 ,0 0 0
B H & S J E l R y & L 1 s t M .l 1 9 0 0 5 g M -S
1 9 0 ,0 0 0 S e p t 1 1 9 2 0 svtoillec k, ) Cwa ti athw is
w h ic h t h e D a n v ille & B l o o m s b u r g S t . R y . w a s c o n s o l id a te d In
$ 2 0 0 ,0 0 0 , g o ld ( $ 1 ,0 0 0 ) ___ / l n t . a t A m . T r . & S a v . B a n k , C h i c ., T r u s t e e .
e rw Ic k E l e c . L t . C o .; W e s t B e r w ic k E l e c . L t . ,
Bonds .— O f t h e $ 1 ,0 0 0 ,0 0 0 n e w b o n d s , $ 1 9 0 ,0 0 0 a r e r e s e r v e d t o r e t i r e MH ea ay t 1&9 11P o(Vw e. r9 2C, o p.;. I1r 4o 9n 8d);B
p r io r lie n s . T h e y a r e s u b j e c t to c a ll o n a n y I n t e r e s t d a y a t 1 0 5 . T h e b o n d s E l e c . C o ., S t a n d a r d G a s C aol.e a En dl e cS .t aLn td. ,a r Hd eEa lt e c&. LP iogwh .t CC oo ..; U n it e d G a s &
o f t h e o ld c o m p a n y a f t e r 1 9 1 0 h a v e a s in k in g f u n d o f $ 1 0 ,0 0 0 p e r a n n u m ,
STOCK AN D BO NDS—
Date. Interest. Outstanding. M a turity .
b u t b o n d s c a n n o t b e c a lle d . S e e V . 7 1 , p . 1 2 6 8 ; V . 7 2 , p . 2 8 2 .
C o m m o n $ 8 5 0 ,0 0 0 _____
$ 8 5 0 ,0 0 0 ______________
E A R N I N G S .— G ro s s e a r n in g s f o r c a l. y e a r 1 9 1 0 w e re $ 2 7 5 ,7 4 1 .
3 0 5 ,5 0 0 ______________
R O A D .— O p e r a te s 1 6 H m ile s o f t r a c k In S t . J o s e p h a n d B e n to n H a r b o r , P r e f e r r e d $ 3 5 0 ,0 0 0 ---------------------5 g
6 2 1 ,9 0 0 F e b 1 1 9 3 0
w i th e x te n s io n s o f 13 >4 m ile s to E a u C la ire a n d 10 m ile s to P a w P a w L a k e , C o lla t t r u s t m tg e $ 8 5 0 ,0 0 0 g . \ 1 9 0 9
($ 1 0 0 , $ 5 0 0 a n d $ 1 ,0 0 0 ) __ I I n t . a t C o m m o n w e a lth T r . C o ., I I a r r l s b . , T r .
m a k in g a t o t a l o f 4 0 m ile s . A n e x te n s io n to D o w a g la c , 11 m ile s , Is u n d e r
5 g J-J
3 7 5 ,0 0 0 J a n 1 1 0 31
c o n s t r u c t i o n . 6 0 , 7 0 a n d 7 3 - lb . g ir d e r a n d T r a i l . 2 5 p a s s , a n d 13 o t h e r C o l & M o n t 1 s t M $ 3 7 5 ,0 0 0 g l 1 9 01
o a rs.
($ 5 0 0 a n d $ 1 ,0 0 0 ) ------- c & r / I n t . a t C o m m o n w e a l th T r . C o ., H a r r l s b . , T r .
1 5 7 ,5 0 0 .............................
O F F I C E R S .— P r e s ., C . K . M ln a r y , B e n t o n H a r b o r , M ic h .; V . - P . , W ill­ D a n v & B lo o m s b S t R y b d s ..........................................................
7 9 ,0 0 0 ---------------------ia m J a r v i s , L o u is v ille , K y .; S e c ., L . Vv. B o t t s , L o u is v ille ; G e n . M g r ., H . C . B e r w ic k E le c L i g h t C o b o n d s . _____
Bonds. — C o ll, t r u s t b o n d s a r e s u b j e c t to c a ll a f t e r 5 y e a r s In w h o le o r
M a s o n , B e n to n H a r b o r .— V . 8 2 . p . 3 3 3 .
In p a r t a t 1 0 5 a n d I n te r e s t .
E A R N I N G S .— F o r y e a r e n d in g J u l y 1 1 9 1 1 , g r o s s , $ 2 1 8 ,1 3 6 ; n e t , a f t e r
B ID D E F O R D , M E .
t a x e s , $ 8 7 ,7 1 4 ; I n t e r e s t , $ 6 8 ,7 7 7 ; s u r p l u s . $ 2 4 ,0 0 7 . I n 1 9 0 9 -1 0 , g r o s s ,
$ 2 0 7 ,4 6 7 ; n e t , a f t e r ta x e s . $ 7 5 ,9 9 0 ; l n t . , $ 6 3 ,4 8 8 ; s u r p l u s , $ 1 2 ,5 0 2 .
BIDDEFORD & S A C O RR.— A t r o l l e y r o a d .
R O A D .— O p e r a te s b e tw e e n D a n v ill e , B l o o m s b u r g , C a t a w is s a a n d B e r ­
ORGANIZATION— I n c o r p o r a t e d F e b . 1 9 1 8 8 7 .
r d g a u g e . B e g a n o p e ra tio n s J u ly 1 9 0 9 .
STOCK AN D BO NDS—
D ate. Interest. Outstanding. M aturity. w icOkF. F I SC tEa nR dSa.—
P r e s ., E . R . S p o n s le r, H a rris b u r g ; V .- P ., M y ro n I . L o w ;
S to c k ( $ 5 0 ) , $ 1 0 0 .0 0 0 ....................................
A -O
$ 1 0 0 ,0 0 0 A p r ’l l , 2
S e c ., A . W . D a y ; T r e a s . , M . M lllc ls e n , a ll o f B l o o m s b u r g .— V . 8 9 , p . 4 1 0 ;
1 s t m o r t . $ 3 0 0 ,0 0 0 ( $ 1 ,0 0 0 )) 1 9 0 0
4 g J-D
1 5 0 ,0 0 0 J u n e 1 1 9 4 0 V . 9 2 , p . 1 4 9 8 .
g o ld o * . N o s . f. b u t c a n b e ) I n t e r e s t a t P o r t l a n d T r u s t C o . P o r t l a n d , M e ..
c a lle d I n 1 9 2 0 . . . — ______ j t r u s t e e .
B LU FFTO N , IN D .
E A R N I N G S — F o r fis c a l y e a r s e n d in g J u n e 3 0
M A R IO N B L U F F T O N & E A S T E R N T R A C T IO N C O — A t r o l le y r o a d .
Year —
Gross.
N et.
In t., etc. Dividends. S urp.
1 9 1 0 - 1 1 ..................................$ 6 8 ,3 8 1
$ 1 9 ,2 7 7
$ 7 ,5 1 8
$ 5 ,0 0 0
$ 6 ,7 5 9
O R G A N I Z A T I O N .— O r g a n iz e d In 1 9 0 5 In I n d i a n a . P r i v a t e r i g h t o f w a y .
1 9 0 9 -1 0 ................................... 6 8 ,0 0 2
1 8 ,6 0 0
7 .3 1 3
7 ,5 0 0
3 ,7 8 7
L e a s e s t h e B lu f f to n G e n e v a & C e lln a T r a c t i o n C o .
R O A D — O p e r a t e s 8 m ile s o f t r a c k b e tw e e n S a c o , B l d d e f o r d a n d O ld
S T O C K A N D B O N D S — Date.
Interest. Outstanding. M aturity.
O rc h a rd B e a c h .
C o m m o n , $ 8 5 0 ,0 0 0 ( $ 1 0 0 ) .......................................................
$ 8 5 0 ,0 0 0 ..........................O F F I C E R S — P r e s i d e n t , C . H . P r e s c o t t , B l d d e f o r d ; S e c r e t a r y a n d T r e a s ­ F i r s t m tg e . $ 8 5 0 ,0 0 0 ($ 1 ,0 0 0 ) 1 1 9 0 7
5 g J-J
7 2 0 ,0 0 0 J a n 1 1 9 3 7
u r e r , E . F . L o r d .— V . 7 0 , p . 1 0 4 8 ; V . 7 3 . p . 4 9 4 .
g o ld , n o s f & n o t r e d - . c & r j l n t a t M a r lo n T r u s t C o .. I n d i a n a p o l i s , T r u s t




1 0 0

1 2

>4

*■

*




E L E C T R IC R A IL W A Y S

14

B O N D S .— 5 1 3 0 ,0 0 0 a r e r e s e r v e d f o r f u t u r e b e t t e r m e n t s u n d e r c e r t a i n
re s tric tio n s .
R O A D .— O p e r a te s 5 1 m ile s o f t r a c k ( I n c lu d in g 19 m ile s f r o m B l u f f to n to
G e n e v a , le a s e d ) , b e tw e e n M a r lo n , w h e r e c o n n e c ti o n Is m a d e w i th I n d i a n a
U n io n T r a c . C o . lin e s a n d K o k o m o M a rlo n & W e s t. T r a c t i o n C o ., a n d
B l u tf to n , I n d i a n a , c o n n e c ti n g t h e r e w i th F t . W a y n e & W a b a s h V a lle y
T r a c . a n d I n d i a n a U n io n T r a c . C o . S t a n d a r d g a u g e . 7 0 -lb . T r a il .
E A R N I N G S .— F o r 12 m o n t h s e n d in g D e c . 31 1 9 1 0 , g r o s s , 5 1 0 7 ,2 7 8 ; n e t ,
5 5 0 ,5 2 0 . I n 1 9 0 9 , g r o s s , $ 1 0 4 ,0 8 8 ; n e t , 5 4 9 ,6 3 7 .
O F F I C E R S . — P r e s ., H . C . A r n o ld ; V . - P . , L . A . W ill ia m s o n ; S e c . a n d
M g r ., R . F . C u m m in s ; T r e a s . , W . A . K u n k e l; A u d ., J . S . C la r k ; S u p t . , C . W .
C la rk ; a ll o f B lu llto n .
(1 ) B l u f f to n G e n e v a & C c lin a T r a c t io n C o .— A t r o l l e y r o a d .
O R G A N I Z A T I O N , & c .— O r g a n iz e d In I n d i a n a In 1 9 0 7 . P r i v a t e r i g h t
o f w a y . W a s le a s e d J u l y 1 1 9 1 0 to t h e M a r lo n B l u llt o n & E a s t e r n T r a c .
S t o c k , 5 4 5 0 ,0 0 0 c o m ., 3 2 2 5 ,0 0 0 (5 % c u m .— J . - J . ) p r e f . R o a d , 19 m ile s o f
t r a c k b e tw e e n B l u llt o n a n d G e n e v a t h r o u g h V e r a C r u z a n d L i n n G r o v e .
P r e s ., I I . C . A r n o ld V . - P ., A . G . B r ig g s ; S e c ., R . F . C u m m in s ; T r e a s . ,
W . A . K u n k e l.

B O IS E C IT Y , ID A H O .

UOISE & INTERURBAN RY. CO.—A trolley road.

I n J a n . 1 0 1 2 n e g o t i a t i o n s w e re u n d e r w a y f o r t h e c o n s o l id a tio n o f th is
c o m p a n y w i th o t h e r p u b l ic u t i l i t y c o m p a n i e s I n a n d a r o u n d B o is e .
O R G A N I Z A T I O N .— I n c o r p o r a t e d 1 8 0 6 In I d a h o .
S T O C K A N D B O N D S — Date.
Interest. OutstancHno. M aturity
S t o c k . 5 5 ,0 0 0 ,0 0 0 ( 5 1 0 0 ) ...........................................................
J l , 3 1 8 .0 0 0 ............................
1 s t m t g , * 5 .0 0 0 .0 0 0 , g ( J l , 0 0 0 ) I 1 8 0 6
5 g A -O
1 .0 6 8 ,0 0 0
1036
s f a n d s u b to c a l l .............c & r l l n t . a t C o lo n ia l T r u s t C o .. P l t t s b . , T r u s te e .
R O A D .— O p e r a te s 3 7 m ile s o f t r a c k b e tw e e n B o is e a n d C a ld w e ll. I n c lu d ­
in g 8 H m ile s In B o is e . 7 0 - lb . T r a i l . S t a n d a r d g a u g e . O w n s a 5 5 0 - f t.
6 - s p a n b r id g e o v e r t h e B o is e R i v e r . H a s e r e c t e d a f r e i g h t t e r m i n a l In B o is e .
A c i t y p a s s e n g e r t e r m i n a l a n d o f f ic e b u ild in g w a s c o m p le te d In 1 0 1 0
G e n . M a n .. I I . S . D l c k c y .— V . 0 3 , p . 1 1 0 0 .

BO STO N, M A SS.

B O S T O N E L E V A T E D R A I L W A Y .— (See M ap on page 1 3 .)
O R G A N I Z A T I O N .— C h a r t e r g r a n t e d In 1 8 9 7 p r o v id e s f o r a n e x te n s iv e
s y s te m o f f r e e t r a n s f e r s . T h e c o m p a n y a ls o , In a d d i t i o n t o r e g u l a r s t r e e t
r a il w a y ta x e s , h a s to p a y % o f 1% o f g ro s s “ e a r n in g s o f a ll lin e s o w n e d ,
le a s e d o r o p e r a t e d b y I t , " a n d a s u m e q u a l to t h e e x c e s s o f t h e d iv id e n d s
o v e r 6 % . I t s c h a r t e r , h o w e v e r . Is u n d e r s t o o d to " g r a n t I t e x e m p tio n fro m
r e d u c t i o n o f f a r e s , a n d a ls o o t h e r I m m u n i t i e s .” (S e e M a s s a c h u s e t ts R R .
C o m m is s io n , V 6 5 , p . 1 2 2 3 .) E l e v a t e d c a r s r u n w i th e le c t r i c i t y b y “ t h lr d r a l l ” s y s te m ; s u r f a c e lin e s b y tr o l le y . S ix m ile s o f e le v a te d r o a d o p e n e d In
J u n e 1 9 0 1 ; In A u g . 1 9 0 1 p u t In o p e r a t i o n t h e A t l a n t i c A v e . L o o p D iv is io n .
E xtension .— A n e x t e n s i o n o f t h e e l e v a te d r o a d to F o r e s t IIU Is w a s p u t in
o p e r a t i o n N o v . 22 1 9 0 9 ; V . 8 9 , p . 1 4 1 0 . I n A p ril 1 9 0 5 5 7 ,5 0 0 ,0 0 0 n e w b o n d s
w e re I s s u e d to p r o v id e f o r th is e x te n s io n a n d f o r p a y m e n t o f l l o a t ln g d e b t ,
& c. S ee V . 8 0 , p . 1423.
O n A p r i l 2 9 1 9 0 3 le a s e d f r o m t h e O ld C o lo n y S t r e e t R y . (n o w m e r g e d In
t h e B a y S t a t e S t . R y .) a ll t h a t c o m p a n y ’s t r a c k s In t h e c i t y o f B o s t o n ,
a m o u n t i n g to 2 3 .7 5 3 m ile s . T h e le a s e Is f o r 9 9 y e a r s a n d p r o v id e s t h a t
b e s id e s p a y in g ta x e s t h e E l e v a t e d C o . w ill p a y 6 H % o f r e p l a c e m e n t v a l u e
( a p p r a is e d a t 5 3 5 3 ,9 7 9 , le s s t h e r e n t a l o f c c r t f l n s h o r t p ie c e s o f t r a c k
a p p r a i s e d a t 5 1 3 ,8 6 6 ) o f t h e p r o p e r t y le a s e d a s o f d a t e F e b . 16 1 9 0 3 , a n d
4 % o n t h e c o s t o f a ll a d d i t i o n s a n d b e t t e r m e n t s .
Lease of West End and Subway and Tunnels .— T h e W e s t E n d S t r e e t R y . Is
l e a s e d u n t i l J u n e 10 1 9 2 2 .
I n D e c . 1 8 9 6 t h e W e s t E n d S t r e e t R y . le a s e d t h e r i g h t to u s e t h e T r e m o n t
S t r e e t s u b w a y In B o s t o n . S e e t e r m s u n d e r W e s t E n d S t r e e t R y .
O n D e c . 2 4 1 9 0 4 t h e E a s t B o s to n t u n n e l ( u n d e r B o s t o n H a r b o r ) w a s le a s e d
b y t h e B o s to n E l e v a t e d R y . u n t i l J u n e 10 1 9 2 2 f o r a r e n t a l o f
of 1 % of
e a r n in g s o f a ll lin e s o w n e d , l e a s e d o r o p e r a t e d . T h e c o m p a n y a ls o c o lle c ts
a to ll o f o n e c e n t p e r p e r s o n , w h ic h g o e s to t h e c i t y ; b u t u n d e r t h e g e n e r a l
e x te n s io n o f c o n t r a c t s m a d e In 1 9 1 1 , th is p r o v is io n w ill b o e li m i n a t e d a f t e r
J u n e 10 1 9 2 2 . T h e t u n n e l w a s o p e n e d D e o . 3 0 1 9 0 4 . I t e x t e n d s f r o m t h e
m a in l a n d to E a s t B o s t o n , 1 .4 m ile s , a n d c o s t 5 3 ,5 0 0 ,0 0 0 .
O n J u n e 28 1 9 0 2 W a s h i n g t o n S t r e e t S u b w a y b ill b e c a m e a la w . T h e c i t y
h a s c o n s t r u c t e d a t u n n e l fo r e l e v a t e d t r a i n s a n d le a s e d s a m e to t h e B o s to n
E le v a te d R y . fo r 25 y e a rs a t a n a n n u a l re n ta l of 4 H % o f to ta l c o st of c o n ­
s t r u c t i o n , w h ic h u p to J u n e 3 0 1 9 11 w a s 5 8 ,2 2 4 ,7 0 2 . V . 8 8 , p . 9 8 . P r o p o ­
s i t i o n w a s r a t i f i e d b y v o t e r s a t D e c . 1 9 0 2 e le c ti o n . V . 7 5 , p . 2 8 , 4 9 6 , 1 3 1 5 ;
V 77 p . 2 0 9 7 ; V . 8 2 . p . 2 1 7 . T h e W a s h in g to n S tr e e t tu n n e l b e g a n o p e ra ­
t i o n N o v . 3 0 1 9 0 8 . V . 8 7 , p . 1 4 7 7 . I n 1 9 0 7 a n A c t w a s p a s s e d m o d if y in g
p l a n s s o m e w h a t , a n d p e r m i t t i n g B o s t o n T r a n s i t C o m m is s io n to c o n s tr u c t
a s u b w a y to b e k n o w n a s t h e R i v e r b a n k S u b w a y , b u t t h i s w a s r e p e a le d
In 1 9 11 .
Suowavs in Cambridge .— i n J u n e 1 9 0 6 a m e a s u r e p a s s e d b y t h e M a s s a ­
c h u s e t t s L e g i s la tu r e b e c a m e a la w . w h ic h p e r m i t s t h e B o s to n E l e v a t e d to
c o n s t r u c t tw o s u b w a y s In C a m b r i d g e , a n d t o Is s u e s t o c k o r b o n d s t o m e e t
t h e c o s t . A t t h e e n d o f 20 y e a r s t h e c i t y o f C a m b r i d g e Is t o h a v e t h e r i g h t
t o p u r c h a s e t h e s e s u b w a y s b y p a y in g t h e i r c o s t p lu s 7 % i n t e r e s t , le s s d lv l
d e n d s . v . 8 3 , p . 0 3 . S e c r e m a r k s c o n c e r n i n g t h e s e s u b w a y s in c o m p a n y s
r e p o r t f o r 1 9 0 6 , a s g iv e n In V . 8 4 , p . 1 5 5 . W o r k o n s u b w a y s w a s b e g u n
A u g . 1 2 1 9 0 9 . T h e c o m p a n y In 1 9 0 8 H ied w i th t h e M a s s . R R . C o m m ,
p r e l i m i n a r y e s t i m a t e s o f t h e c o s t , s h o w in g a n a g g r e g a t e o f 5 1 0 ,6 3 9 ,2 7 8 . S e e
V . 8 7 , p . 1 6 6 2 . O n J a n . 4 1 9 1 1 t h e l l r s t t h r o u g h t r a i n w a s r u n In t h e n e w
s u b w a y ; g e n e r a l t r a v e l w ill n o t b e s t a r t e d , h o w e v e r , f o r s e v e r a l w e e k s .
New Construction oj Subways and Old Contracts to be Extended .— I n J u l y
1 9 11 M a s s . L e g i s la tu r e p a s s e d a n A c t ( a c c e p t e d b y t h e c i t y a n d B o s t . E l c v .
in S e p t . 1 9 1 1 ) p r o v id in g f o r t h e c o n s t r u c t i o n b y t h e c i t y o f t h r e e a d d i t i o n a l
s u b w a y s , v iz .: D o r c h e s te r T u n n e l , B o y ls t o n S t . S u b w a y a n d E a s t B o s to n
T u n n e l e x te n s io n s a n d t h e e x te n s io n o f a ll e x is ti n g c o n t r a c t s u n t i l J u l y 1
1 9 3 6 , t h e d a t e to w h ic h c o n t r a c t s f o r n e w lin e s a r e to r u n . A n n u a l r e n t a l
a f t e r e x p i r a t i o n o f o ld c o n t r a c t s to b e a s fo llo w s : T r e m o n t S t . S u b w a y
(s e e u n d e r W e s t E n d ) , 4 H % o n n e t c o s t; E a s t B o s t o n t u n n e l (n o w e x p ir in g
J u n e 10 1 9 2 2 ), 4 Yi% o n n e t c o s t ( p r o v is i o n f o r to lls f r o m p a s s e n g e r s u s in g
t h e t u n n e l e li m in a te d f o r e x te n s io n p e r io d ) ; W a s h i n g t o n S t . t u n n e l (n o w
e x p ir in g N o v . 3 0 1 9 3 3 ), 4 H % o n n e t c o s t . A n n u a l r e n t a l f o r n e w lin e s :
C a m b r i d g e c o n n e c ti o n , f o r f lr s t 2 0 y e a r s , 4 V*% o n n e t c o s t; t h e r e a f t e r 4
o n n e t e o s t; D o r c h e s te r , B o y ls t o n E a s t B o s t o n t u n n e l e x t e n s i o n , 4 ^ %
o n n e t c o s t. T h e A c t a ls o p r o v id e s t h a t a ll c o n t r a c t s a r c to c o n t i n u e a f t e r
J u ly 1 1936 u n til te rm in a te d b y a tw o -y e a rs ’ n o tic e b y e ith e r p a r ty . T h o
v a r i o u s n e w le a s e s a n d e x te n s io n s o f o ld le a s e s w e r e s ig n e d b y t h e p a r t i e s
th e re to o n D eo . 7 1 9 1 1 . V . 9 3 , p . 1 7 85 .
Damages by Noise .— I n A u g . 1 0 0 2 J u d g e M a s o n , In t h e S u p e r i o r C o u r t
a t B o s t o n , h e ld t h a t t h e c o m p a n y Is li a b l e f o r d a m a g e s f ro m n o is e c a u s e d
b y t h e o p e r a t i o n o f t r a i n s . V . 7 5 , p . 4 9 6 . T h i s w a s a f f i r m e d A p r il 1 0 0 3 ,
b y M a s s a c h u s e t ts S u p r e m e C o u r t . V . 7 6 , p . 8 0 9 .
Consolidation with West E nd Street R y .— I n J u l y 1 9 11 M a s s a c h u s e t ts
L e g i s la tu r e p a s s e d a n A c t (s ig n e d b y t h e G o v e r n o r o n J u l y 21 1 9 1 1 ) s u p e r ­
s e d in g t h a t a p p r o v e d M a y 2 8 1 9 0 8 (V . 8 6 , p . 9 1 7 . 1 3 4 2 ), p e r m i t t i n g t h e
c o n s o l id a tio n o f B o s t o n E l c v . a n d W e s t E n d S t . R y . a t t h e e x p i r a t i o n o f
t h e p r e s e n t le a s e , o n J u n e 10 1 9 2 2 . 8 % c u m . 1 s t p r e f . s to c k o f B o s t . E l c v .
( h a v in g t h e o r d i n a r y v o tin g p o w e r s , b u t n o t “ e n t i t l e d to p a r t i c i p a t e In a n y
I n c r e a s e o r Is s u e o f n e w s to c k , c o m . o r p r e f . ” ) , t o b e I s s u e d ,$ f o r 5 . f o r W e s t
E n d p r e f . a n d 7 % c u m . ( o r 8 % if a r b i t r a t o r s s o d e c id e ) 2 d p r e f . ( h a v in g
a l l v o t i n g p o w e r s w i t h o u t e x c e p t io n ) f o r c o m . s to c k o f W e s t E n d . A f t e r
t h e Is s u e o f t h e n e w p r e f . s h a r e s n o o t h e r s to c k t o b e I s s u e d " p r i o r o r e q u a l
t o s u c h 1 s t p r e f . a n d 2 d p r e f . s t o c k w i t h o u t t h e c o n s e n t o f t w o - th ir d s o f th e
h o ld e r s o f s u c h s to c k s , r e s p e c t i v e l y .” T h e A c t a ls o p r o v id e s t h a t t h e S t r e e t
R y . s h a ll f o r t h w i t h s e ll to t h e E l e v . C o . a ll u n u s e d r e a l e s t a t e , t h e p r o c e e d s
n o t e x c e e d in g 5 1 .5 0 0 ,0 0 0 to b e i n v e s te d a s a s p e c ia l t r u s t f u n d a n d a c c u m u ­
l a t e u n t i l J u n e 10 1 9 2 2 . T h e r e a f t e r t h e a n n u a l In c o m e th e r e o f s h a ll b e
a p p l i e d to c a n c e l la ti o n o f 2 d p r e f . s t o c k . W h e n a ll t h e 2 d p r e f . h a s b e e n
r e t i r e d t h e n s a id f u n d s h a ll b e a p p lie d b y t h e E l e v a t e d R y . C o . t o a n y
p u r p o s e f o r w h ic h s to c k a n d b o n d s c a n le g a ll y b e Is s u e d . S e e t e r m s o f A c t
In V . 9 3 , p . 3 4 4 . S h a r e h o ld e r s o f b o t h t h e B o s t o n E l e v . a n d W e s t E n d S t .
R y . a p p r o v e d t h e A c t; th e j f o r m e r o n A u g . 2 4 1911 a n d t h e l a t t e r o n
S e p t . 6 1 9 1 1 . V . 9 3 , p . 6 6 6 . H o ld e r s o f W e s t E n d c o m . a n d p r e f . s to c k
m a y o n o r b e fo re J u n e 10 1 9 2 2 e x c h a n g e t h e i r s t o c k a t p a r f o r E l e v a t e d R y .




[V O L . LXXXX1V.

c o m m o n . A f t e r J u n e 10 1 9 2 2 h o ld e r s o f B o s t . E l e v . 1 s t o r 2 d p r e f . m a y
e x c h a n g e t h e i r s to c k f o r a n e q u a l a m o u n t a t p a r o f B o s t . E l c v . c o m .
W e s t E n d I n te r e s t s h a v e a s u t t p e n d i n g In F e d e r a l C o u r t to t e s t t h e
c o n s titu tio n a lity o f th e m e rg e r A c t.
STO CK AND BO N D S.
Date. Interest. Outstanding M a tu rity.
S to c k , 5 2 3 ,*'U 0,0 0 0 ( 5 1 0 0 ) ..........................
F -A
$ 1 9 ,9 5 0 .U 0 0 A u g 15»11 3 %
D e b e n tu r e s , g o l d _________ c & r \ 1 9 0 5
4 g M -N
8 ,5 0 0 ,0 0 0 M a y 1 1 9 3 5
jO ld C o lo n y T r u s t C o ., B o s t o n , R e g i s t r a r .
D e b e n tu r e s , g o l d _________ . c & r 1 9 0 7
4H %
4 ,8 0 0 ,0 0 0 O c t 1 1937
D e b e n tu r e s g o ld ------------c * & r* 1 9 1 1
4>$%
5 ,0 0 0 ,0 0 0 N o v 1 1 9 4 1
B onds .— T h e c o u p o n b o n d s a r c in d e n o m i n a t io n s o f 5 5 0 0 a n d 5 1 .0 0 0
( e x c e p t 1 9 11 Is s u e , w h ic h a r e f o r 5 1 ,0 0 0 o n ly ) , a n d r e g is t e r e d b o n d s o f a ll
Is s u e s a r e In d e n o m i n a t i o n s o f 5 1 .0 0 0 , 5 5 ,0 0 0 , 5 1 0 ,0 0 0 a n d 5 5 0 ,0 0 0 .
I n D e c . 1 9 0 8 t h e M a s s a c h u s e t ts R a i lr o a d C o m m is s io n s a n c tio n e d
5 6 ,6 5 0 ,0 0 0 a d d i t i o n a l s to c k ( r a is in g s to c k to 5 1 9 ,9 5 0 ,0 0 0 ) a t 5 1 1 0 p e r s h a r e
( I n s t e a d o f t h e 5 8 ,0 0 0 ,0 0 0 , p e t i t i o n to Is s u e w h ic h w a s w i t h d r a w n , V . 8 5 ,
p . 1 4 6 1 ), to d e f r a y t h e c o s t o f t h e C a m b r i d g e s u b w a y a n d f o r t h e c o n s t r u c ­
ti o n o f t h e E a s t C a m b r i d g e a n d t h e W e s t E n d e l e v a t e d li n e s . V . 8 7 , p .
1 6 6 2 . V . 8 8 , p . 1 3 7 2 . O n S e p t . 2 9 1911 s h a r e h o l d e r s a u t h o r i z e d a n e w
Is s u e o f 5 5 ,0 0 0 ,0 0 0 b o n d s f o r c o n s t r u c t i o n , e q u i p m e n t , f u n d in g f lo a tin g
d e b t, & c. V . 9 3 , p . 8 7 0 , 1105.
D ividends .— F i r s t d l v . , 2 K % , w a s p a id A u g . 1 5 1 8 9 8 . I n 1 8 9 9 , 5 > * % ;
In 1 9 0 0 , 4 H % ; In 1 9 0 1 , 5 ^ % ; in 1 9 0 2 to 1 9 1 0 in c lu s i v e , 6 % y e a r ly ; in
19 11 , F e b ., 3 % ; A g ., 3 % .
A N N U A L R E P O R T .— R e p o r t o f B o s t o n E l e v a t e d R y . f o r y e a r e n d .
J u n e 3 0 1 9 1 1 , In V . 9 3 , p . 1 3 8 4 , F o r 9 m o s . e n d in g J u n e 3 0 1 9 1 0 , In V . 9 2 ,
p . 1 1 5 . F o r y e a r e n d in g S e p t . 3 0 1 9 0 9 , in V . 9 0 , p . 1 0 5 . F o r 1 9 0 8 , In V .
8 8 , p . 9 8 . Fiscal year was changed in 1 9 1 0 to end Jun e 3 0 and report for
1 9 0 9 -1 0 is for 9 mos. ending June 3 0 only.
1 9 1 0 -1 1 .
1 9 0 9 -1 0 .
1 9 0 8 -0 9 .
1 9 0 7 -0 8 .
R e v e n u e p a sse n g e rs
* 3 0 5 ,0 9 8 ,6 6 5 “2 2 0 ,1 2 7 ,8 9 0 * 2 8 1 ,0 0 8 ,4 7 1 * 2 7 3 ,1 3 2 ,5 8 4
C a r m ile s r u n ____________ 5 4 .6 4 7 .1 9 0 3 9 .2 9 6 .5 2 2 5 1 ,1 2 7 .6 8 1 5 1 .8 5 7 ,8 8 9
$
$
§
Earnings —
5
P a s s e n g e r ................ .................. 1 5 ,2 2 7 ,9 8 4 1 0 ,9 8 4 ,4 4 1 1 4 ,0 2 4 ,7 0 8 1 3 ,6 2 8 ,3 8 3
2 6 1 ,1 8 2
3 3 1 ,0 4 3
3 3 0 ,2 0 5
M a lls , r e n t a l s , a d v . , & c .
4 0 7 ,9 8 1
1 3 8 ,0 6 4
1 3 8 ,0 4 2
1 1 6 ,1 0 8
l i l t , o n d e p o s i ts , & c _____
6 3 ,2 5 0
1 ,3 8 3 ,6 8 7 1 4 ,4 9 3 ,8 5 3 1 4 ,0 7 4 ,6 9 6
T o t a l g r o s s ____________ 1 5 ,6 9 9 ,2 1 5
4 ,6 2 0 ,3 1 1
4 ,0 6 2 ,2 9 0
5 ,0 0 5 ,3 6 9
N e t e a r n i n g s ______________ 5 ,5 8 0 ,1 5 1
Deductions —
6 8 0 ,1 8 0
6 6 8 ,2 8 0
5 1 0 ,1 3 5
I n t. on W e st E n d d e b t7 1 6 .1 8 0
5 7 4 ,1 1 3
4 6 8 .0 3 2
6 3 1 ,1 1 6
T a x e s , W e s t E n d ________
6 6 2 .2 6 2
2 9 4 ,0 1 7
3 4 2 ,4 1 8
2 9 3 ,4 8 8
T a x e s , B o s to n E le v a te d
4 3 7 ,4 6 2
1 1 7 ,1 8 9
1 0 6 ,2 3 9
1 3 9 ,1 7 1
C o m p e n s a ti o n t a x ______
1 4 5 ,1 0 9
1 3 8 ,6 2 3
1 8 6 ,7 9 2
2 0 5 ,5 2 2
R e n ta l o f s u b w a y _______
1 8 5 ,3 0 5
1 ,2 7 0 ,8 4 1
9 6 7 ,8 0 8
D Iv s . o n W e s t E n d s to c k 1 ,3 5 8 ,8 4 8
1 ,2 9 0 ,4 1 0
O t h e r r e n t a l s ______________
1 9 ,8 1 0
6 .8 8 5
9 ,1 8 0
9 ,1 8 0
4 1 ,2 8 3
R e n t to O l d C o l .S t . R y . ,& c . 4 8 ,4 2 4
4 6 ,5 6 6
3 6 ,2 7 9
I n t . o n B o s . E l . f u n d d ’t
2 7 4 ,5 0 8
3 7 8 .9 0 9
3 4 8 ,1 3 7
2 8 1 ,0 0 1
2 5 5 ,0 0 0
W a sh . S t. T u n n e l re n ta l
3 2 4 ,0 0 0
2 5 4 ,9 2 4
4 1 ,6 7 4
E a s t B o s. T u n n e l re n ta l
5 7 ,7 8 2
5 3 ,2 1 6
5 1 ,6 8 5
.................
D e p r e c ia ti o n f u n d .............
2 0 0 ,0 0 0
2 0 0 ,0 0 0
1 ,3 5 0 ,4 6 1
9 0 8 ,1 9 6
8 4 1 ,4 1 7
8 4 0 ,0 6 4
B a l a n c e ...............................
b l v i d c n d ______________(6 % ) 1 ,1 9 7 ,0 0 0 (4 > 3 ) 8 9 7 ,7 5 0 ( 6 % ) 8 0 2 ,5 0 3 ( 6 % ) 7 0 8 ,0 0 0
S u r p l u s f o r y e a r ______
1 5 3 ,4 6 1
1 0 ,4 4 6
3 8 ,9 1 4
4 2 ,0 6 4
* T h e s e fig u re s c o v e r r e v e n u e p a s s e n g e r s o n l y . N o d a t a a v a i l a b l e a s to
fre e t r a n s f e r p a s s e n g e r s .
Road June 3 0 1 9 1 1 .
M iles.
M iles.
M a in li n e 1 s t t r a c k (1 0 .0 m . " L ” _ 2 3 3 O w n e d b y W e s t E n d ............................... 4 0 9
do
d o 2 d t r a c k ( 9 .8 “ L ” ) _ _ 1 9 9 L e a s e s , t r a c k a g e , & c .( 2 5 m . " L ” ) 7 8
S id in g s , & c . (5 .7 m ile s " L " ) ............. 55
T o t a l ( 2 5 .5 m . “ L ” )
487
T o t a l ( 2 5 .5 m ile s “ L ” ) ...
4 8 7 E l e c tr ic a ll y e q u i p p e d ,
.4 8 2
W e ig h t o f g i r d e r r a il s Is 7 0 to 1 0 0 lb s . C a r s , 3 ,5 9 0 ; h o r s e s , 2 4 5 ; e le c tr i c
m o t o r s , 6 ,6 2 7 ; s n o w p lo w s . 3 0 6 ; s n o w s le d s , 6 2 1 ; m is c . v e h ic le s , 4 8 1 .
O F F I C E R S .— P r e s ., W illia m A . B a n c r o f t; V . - P . , C h a r le s S . S e r g e a n t;
T r e a s . , H e n r y L . W ils o n ; S e c ., H e n r y S . L y o n s : A u d ., J . H e n r y N e a l.—
V . 8 9 . p . 1 2 7 9 , 1 4 1 0 ; V . 9 0 , p . 1 0 5 . 2 3 5 . 1 5 5 4 ; V . 8 1 . p . 3 3 5 , 8 6 9 ; V .9 2 ,p .
115; V . 93, p . 2 28, 344, 4 06, 526, 600, 730, 795, 8 70, 1105, 1323, 1 3 84 .
1785; V . 94, p . 67.

Companies Controlled by Boston Elevated Railw ay Co.

(1 ) W e s t E n d S tr e e t R a i l w a y .— A t r o l le y r o a d .
O R G A N I Z A T I O N .— L e a s e d t o B o s to n E l e v a t e d R y . u n t i l J u n e 10 1 9 2 2
a t 7 % o n c o m m o n a n d 8 % o n p r e f e r r e d In a d d i t i o n to t h e p a y m e n t o f
r e n t a l s , I n t e r e s t a n d o t h e r c h a r g e s . E l e v a t e d a s s u m e d p o s s e s s io n J a n . 1
1 8 9 8 . S e e t e r m s In V . 6 5 , p . 1 2 2 3 . C o n s o li d a t io n a u t h o r i z e d w i th t h e B o s ­
to n E le v a te d R y . S ee p a rtic u la rs u n d e r la tte r c o m p a n y .
I n D e c . 1 8 9 6 le a s e d th e r i g h t to u s e t h e T r e m o n t S t r e e t s u b w a y a t 4 J4%
o f Its n e t c o s t, s t a t e d a p p r o x i m a t e l y a s $ 5 ,7 8 6 ,0 0 0 In S e p t . 1 8 9 8 , w h e n t h e
t h i r d a n d l a s t , s e c tio n w a s o p e n e d . E n t i r e l e n g t h Is 1 2 -3 m ile s , w i th a
t r a c k a g e o f a b o u t 5 m ile s . S e e V . 6 3 , p . 1 0 6 5 , 1 1 1 7 ; V . 6 7 . p . 5 2 8 . S e e
B o s t . E l e v . fo r e x te n s io n o f c o n t r a c t a n d n e w c o n s t r u c t i o n .
I n 1 9 1 0 $ 1 ,3 9 0 ,0 0 0 n e w c o m . s t o c k ( a u t h . b y R R . C o m m . S e p t . 15 1 9 1 0 ,
V . 9 1 , p . 7 1 8 ) w a s o lfe re d to c o m . s to c k h o ld e r s a t $ 7 5 p e r $ 5 0 s h a r e , t o c o v e r
c o s t o f I m p r o v e m e n ts m a d e b y t h e B o s to n E l e v a t e d . V . 9 1 , p . 1 6 3 1 , 1 5 7 5 ,
1513, 872. 791, 718, 655. 277; V . 8 6. p . 549, 4 8 2, 109, 53; V . 85, p . 1578,
1520; V . 84. p . 1553, 1369. 9 3 2, 8 0 5 , 572.
S T O C K A N D B O N D S .—
Date. Interest. Outstanding. • M aturity.
C e rr s t^ o k ( $ 5 0 ) 8 1 2 , 5 1 0 , 1 5 0 - - _____
7 A -O $ 1 2 ,5 1 0 ,1 5 0 O c t ' l l , 3
6 ,4 0 0 ,0 0 0 J a n '1 2 , 4 f
P r e f e r r e d ($ 5 0 ) $ 6 ,4 0 0 ,0 0 0 ......................
8 J-J
G o ld b o n d s o f 1 8 9 4 ......................... . 1 8 9 4
4><| g M -S 2 ,0 0 0 .0 0 0 M o h 1 1 9 1 4
G o ld b o n d s o f 1 8 9 6 , $ 2 ,2 7 5 ,1 1 8 0 6
4 g M -N
8 1 5 ,0 0 0 M a y 1 1 9 1 6
0 0 0 n o t m o r t g a g e . .............._ . f
G o ld b o n d s o f 1 8 9 7 , $ 2 ,7 0 0 . ) 1 8 9 7
4 g F -A
2 ,7 0 0 ,0 0 0 F e b 1 1 9 1 7
0 0 0 n o t m o r t g a g e ................c f
C u r r e n c y b o n d s ($ 1 ,0 0 0 ). n o t ) 1. 9. .0.0
4 F -A
4 ,7 4 3 ,0 0 0 A u g 1 1 9 1 5
m o r t g a g e ------------------------------c j I n t e r e s t a t O ld C o lo n y T r u s t C o ., B o s t o n .
B o n d s ( $ 1 ,0 0 0 ) ................................e * 1 9 0 2 4 F -A
5 ,7 0 9 ,0 0 0 A u g 1 1 9 3 2
B o n d s ( $ 7 0 0 . 0 0 0 ) ............. _c<fcr 1 9 0 8 4 H J - J
7 0 0 ,0 0 0 J a n 1 .1 9 2 3
B o n d s ($ 8 5 0 ,0 0 0 ) ( $ l, 0 0 0 ) c & r 1 9 1 0 4 H J - J
8 5 0 .0 0 0 J u l y 1 1 9 3 0
Bonds .— W ith th e e x c e p t io n o f 1 9 0 0 Is s u e ( n o te d a b o v e ) I n t e r e s t o n a ll
Is s u e s Is p a y a b l e a t A m e r ic a n T r u s t C o ., B o s to n .
O F F I C E R S .— P r e s .. J o s e p h B . R u s s e ll: T r e a s . . P a r k m a n D e x t e r .—
V . 8 7 . p . 1012, 1089, 1161, 1534: V . 8 8 . P . 102, 8 2 4, 9 4 6, 1003; V . 8 9 , p . 4 4 .
1484, 1544; V . 90. p . 238, 1678: V . 01, p . 155, 277, 6 55, 718, 7 01. 872, 1513,
15 75 . 1631; V . 9 2 . p . 6 6 0 . 1437; V . 9 3 , p . 3 4 7 , 4 0 9 , 5 2 8 , 66 7.
(2) S o m e rv ille H o r s e R R .
O w n s 8 .0 3 m ile s o f t r a c k . L e a s e d to . W e s t E n d S t r e e t R y . f o r $ 9 ,1 8 0
y e a r ly — 6 % o n $ 1 5 3 ,0 0 0 s to c k . D i v i d e n d s a r e p a y a b l e (M & N ) In B o s to n .
B O S T O N S U B U R B A N E L E C T R I C C O M P A N I E S .— A t r o l l e y s y s t e m .
O R G A N I Z A T I O N .— T h i s c o m p a n y Is a v o l u n t a r y a s s o c ia ti o n f o r m e d I n
N o v . 1 9 0 1 o n t h e s a m e lin e s a s th e M a s s a c h u s e t ts E l e c tr ic C o m p a n ie s . T h o
p r o p e r t i e s c o n tr o lle d a r e t h e L e x i n g to n <5s B o s to n S t r e e t R y . a n d t h e M id d le ­
s e x & B o s to n S t r e e t R y . ( In to w h ic h th o N a ti c k & C o c h l t u a t e S t . R y . . th e
W e s tb o r o & H o p k l n t o n S t . R y ., t h e N e w t o n & B o s to n S t . R y . a n d t h e N e w ­
t o n S t . R y . h a v e b e e n m e r g e d ) . T h e e n t i r e Is s u e s o f t h e s t o c k o f th e s e r o a d s
h a v e b e e n a c q u i r e d . I n 1 9 0 2 a ls o p u r c h a s e d N o r u m b c g a P a r k a n d L e x i n g ­
t o n P a r k . I n 1 9 0 8 M a s s a c h u s e tts R a i lr o a d C o m m is s io n s u s t a i n e d a c t i o n
I n c r e a s in g f a r e s o n s e v e r a l o f t h e s u b s i d i a r y lin e s f ro m 5 to 6 c e n ts . V . 8 7 ,
p . 3 4 5 . H a s a c q u i r e d f r e i g h t r i g h t s In s e v e r a l o f th o to w n s a lo n g I ts lin e s .
Waltham Gas Property .— I n 1 9 0 2 s e c u r e d e n t i r e ($ 3 2 4 ,7 0 0 ) c a p i t a l s t o c k
o f t h e W a l t h a m G a s L i g h t C o ., V . 7 4 , p . 3 7 7 . O n A p ril 2 8 1 9 0 9 s h a r e h o l d ­
e rs v o t e d to s e ll p r o p e r t y a n d li q u i d a t e c o m p a n y . T h e p r ic e r e c e iv e d w a s
$ 1 ,1 0 0 ,0 0 0 , b u t $ 3 5 0 ,0 0 0 w e n t to r e t i r e o u t s t a n d i n g n o te s , le a v in g $ 7 5 0 ,0 0 0
c a s h . T h i s w a s u s e d to r e d u c e B o s to n S u b . E le c , f lo a tin g d e b t a n d to r e t i r e
t h e s h a r e s o f th e l a t t e r o r ig in a ll y I s s u e d to c o v e r t h o W a lth a m G a s p r o p e r t y .
S ee V . 8 9 , p . 7 2 0, 8 4 6, 1068.
S T O C K .— S h a r e s h a v e n o p a r v a lu e , b u t I n c a s e o f l i q u i d a t i o n th o p r e ­
fe rre d s h a r e h o l d e r s w ill b e e n t i t l e d to $ 1 0 0 p e r s h a r e , w i th a c c r u e d d i v i ­
d e n d s ; t h e c o m m o n s h a r e s p a r t i c i p a t i n g p r o r a t a In t h e r e m a in i n g a s s e t s .
(S e c V . 7 3 . p . 1 1 5 9 . 1 2 6 3 .) In 1 9 04 1 5 ,6 3 5 s h a r e s o f p r e f e r r e d a n d 1 5 ,6 3 5
s h a r e s o f c o m m o n w e r e o ffe re d t o s h a r e h o l d e r s a t $ 6 6 6 7 f o r o n e s h a r e o f
p r e f . a n d o n e s h a r e o f c o m . J o i n t l y . L i s te d o n B o s t o n S t k . E x c h . l n A p r . 1 9 05 -




16

ELECTRIC RAILWAYS

Date. Interest. Outstanding. M aturity.
Common stock..........__............................ .............. .. 50.206 sh. ___________
Preferred stock, $4 per sh. c u m ____
Q-J
32,387 sh. J a n .15 T 2, $1
Coupon notes, $2,000,0001 1909
4 J-D
1,550,800 Dec. 1 1919
($100, $500 and $1,000)___/In te re st a t Boston Safe Deposit & T ru st Co.
N o'es.—The 1909 notes are not specially secured but are simple obli­
gations of the com pany, subject to call on any Interest date on 60 d ays’
notice a t 105 before Dec. 1 1914, thereafter a t 102
V. 89, p. 1068.
ROA D.— Com panies owned and controlled operate In the aggregate about
141 miles of track from N eedham on the south to Lowell on the n orth , and
connecting a t five points w ith the tracks of the Boston E levated R y. At
W estboro connection Is m ade w ith the W orcester Consolidated.
Dividends.— First of $1 on preferred paid April 1902; also $1 Ju ly 1902
and $1 O ct. 1902. In 1903. $4; In 1904, $3; In 1905, $2; In 1906, $2 75;
In 1907, $3. Ja n ., Apr. and July 1908 dlv. passed, m aking arrears of dlvs.
to la tte r d ate $9. V. 85, p. 1645. In O ct. 1908 dlvs. resum ed and paid
75 cents. In 1909, $3. In 1910, $4. In 1911, $4. In 1912, Ja n ., $1.
R E P O R T .— F or 9 mos. ending June 30 1911: Incom e, gross, $151,004;
n et, $97,638; dlvs., $97,161; surplus. $477.
O F F IC E R S .— Pres., Adam s D. Claflln; V .-P., Sydney H arw ood; T reas.,
A ldcn E. Vlles; Sec., A. A. B allantine; A sst. T reas., G. M . Cox.— V. 87, p.
36, 345, 812, 1418, 1532: V. 88, p. 1126; V. 89, p. 720, 846, 1068, 1541;
V. 90, p . 53; V. 91, p. 37.
(1) Lexington & Boston Street R y.—Trolley.
O R G A N IZA TIO N .— Incorporated In June 1899. O peration begun In
M ay 1900. P etition to Issue $250,000 new stock had n ot been granted to
J a n . 1912.
STOCK AND BONDS.
Date. Interest. Outstanding. M aturity.
Stock $525,000 ($100) ............ .. ........ .................... $525,000 In ’03-04,1 %
First m ortgage $500,000 gold) 1900 4 ^ (? A-O
500,000 July 1 1920
($1,000) ..........................c * /In terest a t Beacon T ru st Co., Boston, T rust.
C urrent liabilities Ju ne 30 ’l l ........................................ 272,944 .....................
Bands are subject to call a t 105.
*
E A R N IN G S.— F or year ending June 30 l o l l , gross, $161,806; net,
$24,508; charges, $37,449; deficit, $12,941.
RO A D .— Owns and operates 32.356 m iles of track , leases 0.745 miles:
to tal, 33.101 miles, extending from A rlington H eights (term inus of Boston
Elevated system ) through Lexington and Bedford to Billerica, w here cars go
through to Lowell w ithout change, and also to the Sullivan Square Charles­
tow n, station of the Boston Elevated R y., w ith branches to W altham and
to Concord; laid w ith 95-lb. girder rail and 60 and 70-lb. T rail; operates 170
m otors, 23 box and 38 open ears; to tal, 61 cars; 7 snow-plows, 3 w ork cars.
—V. 83. p. 155. 818.
(2) Middlesex & Boston Street R y.—Trolley.
O RG A N IZA TIO N .— Organized In 1907 and took over the South Middle­
sex S treet R y., sold a t receivers’ sale Ju ly 1 1907. In N ov. 1908 Massa­
chu setts R R . Commission granted perm ission to consolidate w th the W estboro A H opklnton S t. R y. and N atick A C ochltuate S t. R y., and to Issue
$140,000 additional stock to exchange, share for share. V. 87, p. 1420.
In Dec. 1911 M ass. R R . Comm. a u th . th e com pany to Issue $1,483,000
ref. bonds, of which $1,200,000 4 Ms were Issued Im m ediately. V. 93, p.
1787, 731.
In Ju ne 1909 M assachusetts R R . Comm, approved the consolidation w ith
the N ew ton S treet R y. (Into w hich W altham S t. R y. had been merged
and which had acquired C om m onwealth A ve. S t. R y. and Wellesley A
Boston S t. R y .), and sanctioned an Issue of $822,000 new stock to carry out
sam e. V. 89. p. 778. In O ct. 1909 Cotnra. approved the consolidation
w ith the N ew ton A Boston and sanctioned the Issue of $200,000 for the
purpose. V. 89, p. 993.
On A ug. 1 1908 M assachusetts R R . Comm, gave a decision sustaining
Newton S t. R y .’s right to charge 6-cent fares and to charge one cent extra
(beyond the ordinary 5 cents) for each transfer Issued. See V. 87, p. 3 4 5 .
In Aug. 1909 Comm, granted the M iddlesex A Bost. the right (for an ex­
perim ental period of one year) to charge one cent extra (beyond the regular
5 cents) for each transfer Issued; In A ug. 1910 privilege was continued for
ano th er year, and In Aug. 1911 privilege was again extended.
• STOCK AND BONDS.— Date. Interest. Outstanding. M aturity.
Stock, $1.462,000................................................................$1,462,000 Ju ne 11,5%
R efund m tgc---------------- -------- 1912
4M
1,200,000 20 years
So Mid S t R y, $100,000, g o ld ../1895 5 g F-A
100,000 Feb 11915
(In terest at International T rust Co., Boston
5% 40.000 Nov 1 1922
W est A Hopk S t R y.......... .............................
Newton St Ry 1st M cur not) 1892
5 J-J
500,000 July 1 1912
subj to call ($500) $500,000/Int. pay. a t Am. Loan & T r Co., Bost. T rus.
Com monwealth Ave first rntgl 1896 5 g F-A
75,000 Feb 1 1916
$75,000 ($500) gold--------c * /In t. a t In te rn e t. T r Co., Boston, T rustee.
W altham S t R y 1st m tg e,/ 1905 5 g J-D
100,000
1925
$100,000 ($1,000)________ ] In t. a t A m erican T ru st Co., Boston, T rustee.
Newton & Bos .St R y 1st Ml 1892 5 J-J
200,000 July 1 1912
$500,000 not subj to c a lL ./I n t. payable a t A m . T r. Co.. T rustee, Boston
C urrent liabilities Ju ne 30 1911--------------------------- 1,484,693 ___________
E A R N IN G S.— For year ending Ju ne 30 1911, gross, $701,490; net,
$206,808; charges, $133,412; dlvs., $73,100; surplus, $296.
RO A D .— Owns 94.471 miles of track and operates In cities of Newton
and W altham and township of W atentown; runs from H opklnton to South
N atick and W estboro: also connects N eedham , W ayland and W ellesley.
R ails, 75-lb. T .— V. 89, p . 778, 993; V. 93, p. 731, 1787; V. 94, p. 207.
(a) Newtonville & W atertow n Street R y.—Trolley.
O RG A N IZA TIO N .— O perates about 5 miles of track . Stock, $50,000;
outstanding, $50,000; par $100. U nfunded d eb t Ju ne 30 1910, $59,650.
No funded debt. O perated by Middlesex A B oston S t. R y. under lease of
1897 a t a rental of 7.2% per annum on the stock, payable F eb. & Aug.
MASSACHUSETTS ELECTRIC COM PANIES.— Electric light and street
railw ays. (.See M a p on page 15.)
O R G A N IZA TIO N .— Form ed In May 1899. Is not an Incorporated
com pany, but a voluntary association m anaged by a board of tlfteen tru s ­
tees, who hold the title to Its assets. M essrs. E. Rollins Morse A Bro. and
T ucker, A nthony A Co. of Boston, who prom oted the com bination, In Juno
1899, In offering some of the stock for public subscription ($1,000 of pre­
ferred and $500 com m on was offered for $1,050), stated th a t "th e D eclara­
tion of T rust contains strict provisions against the creation of any Indebted­
ness w hereby any shareholder or trustee can beheld to any personal lia­
b ility .’’ Com prised originally betw een 30 and 40 separate properties, but
through consolidation there Is now only one operating com oany, nam ely the
Bay S tate S t. R y., besides the H yde P ark Electric Light Co. The follow­
ing gives the share capital of the controlled com panies Aug. 1911.
COM PANIES C ON TROLLED AUG. 1911.
„ „
„ „
Shares. I
Shares.
Bay S tate S t. R y ., com ......... 190,473 H yde P ark Elec. L ight Co._ 2,875
-----------B ay S tate S t. R y ., p ref------ 20,8861
T o ta l................................. ....................................................... .............................214,234
Of the above 214,234 shares, th e M assachusetts Electric Companies
owns practically all except the preferred shares of the Bay S tate S t. Ry.
(20,886). T he system com prises electric street railw ay lines In 22 cities
and 70 towns in E astern M assachusetts and New H am pshire and R hode
Islan d, covering the greater p art of the street railw ay mileage north of
B oston as far as N ashua, N . H ., and N cw buryport and Gloucester, M ass.,
and south as far as Fall R iver and New Bedford, M ass., and N ew port,
It. I., connecting directly w ith the street railw ay system of B oston. Various
electric-lighting properties operating In the sam e section are also included.
Merger oj Subsidiaries.— A t m idnight June 30 1911 the Boston A N orthern
(now Bay S tate S t. R y.) took over the Old Colony S t. R y., stock of the
la tte r com pany being exchanged, $ for $, for stock of the Boston A N orth­
ern. V. 93, p . 105; V. 92, p. 1500, 1181; V. 91, p. 1574.
Paym ent of Accrued Dies, on Pref. Stock.— On Ja n . 5 1912 pref. sharehold­
ers received $3,647,000 In negotiable w arrants for additional pref. stock, to
represent accrued dlvs. of 17 H % on pref. shares. Now pref. shares are
to be Issued Ju ly 1 1912; V. 93, p. 1462; V. 94, p. 68.
STOCK A ND BON DS.—The share capital Is represented by certificates
of participation, which give th e owners a proportionate Interest In the shares
held by the trustees. Both classes of shares are reported exem pt from ta x a ­
tion In M assachusetts. Listed on the Boston Stock Exchange In April 1901.
For consolidated balance sheet of companies controlled, see V . 93, p. 1 5 9 7 this balance sheet shows $21,423,400 aggregate stock of the controlled’
com panies Ju ne 30 1911, of which $2,088,600 Is pref.; funded debt June 30
1911, $20,673,000, and notes for am ounts due M ass. Elce. Cos., $3,115,000.




_

| V O L . LX X X X IV .
D ate.

R ate.

O utstanding. D ividends.

Common stock, p ar $ 1 0 0 1 ............................... $14,293,100 ......................
($14,293,100)........................./
Pref. stock, par $100 ($ 2 0 ,-1 ____ 4 J-J
20.557.400 J a n .'1 2 ,2 %
557,400) 4% cum ..................J
Coupon notes, $5,000,000,1 1910 4 M g J - J 3,700,000 Ju ly 11913
red a t 103 M any Int d a tc lln te re st a t Old Colony T ru st Co., Bos($1 ,00 0 )-------------------------c*J ton, T rustee.
Of the coupon notes of 1910, $3,500,000 were Issued to retire prior notes.
T hey are secured by deposit of 105,680 shares of Bay S tate S t. R y. com mon
Stock. V. 89, p. 1597; V. 90, p. 167.
R E P O R T .— R eport for the year ending S ept. 30 1911 (sec “ Cliron.”
Dec. 9 1911, p. 1597), shows receipts from dlvs., $481,244; from Int. on
notes, Ac., $162,084; to tal. $643,328; expenses, $20,167; Int., $166,500‘
dlvs., $822,296; deficit, $365,635; previous surplus, $3,015,925; to ta l’surplus, $2,650,290.
CON SO LID ATED INCOM E ACCOUNT OF C ON TROLLED COS.
Fiscal year was changed In 1911 to end Ju n e 30, and report for 1910-11 Is
for 12 m os. end. Ju ne 30; figures for previous years are for 12 .mos. end.
Sept. 30:
1910-11.
1909-10.
1908-09.
1907-08.
E a rn in g s.............................$8,881,521 $8,560,949 $8,052,356 $7,809,010
Expenses ........................... 5,557,304 5,360,295 5,148,397
5,001,517
N et earnings.................$3,324,217 $3,200,654 $2,903,959 $2,807,493
C h arg es............................... 1,838,579 1,792,937 1,778,129 1,784,438
Divisible incom e.......... $1,485,638 $1,407,717 $1,125,830 $1,023,055
D iv id en d s.......................... 1,169,090 1,130,561 1,000,464
880,773
Balance . . . .................... $316,548 $277,156 $125,366 $142,282
D IV ID E N D S.— First dlv. on pref. stock, 2% , was paid Dec. 1 1899; also
2% June 1 1900. D lv. period then changed to JA J and 2 1-3% paid Jan .
1901; Ju ly 1901, 2% ; In 1902, 4% ; In 1903, 4% ; In 1904, 4% . The Jan .
1905 dividend was passed and none paid until Ja n . 1909, when 1% paid;
Ju ly , 1 M %. See V. 79. p. 2642, 2456; V. 85. p. 1646; V. 87, p. 1420,
and V. 89, p. 1597. In 1910, 3 % % . In 1911, 4 % . In 1912, Jail., 2% .
See above for paym ent of accrued dlvs. of 17 H % .
PLA N T .—The street railw ays controlled own 882.5 miles of track and
own and lease 950.2 miles of track; operate 935.2 miles; own and operate
2,025 cars, of which 947 are closed and 1,078 open cars. Pow er capacity, 45
engines, 39,075 h .p ., and 48 generators, 26,680 k.w .; 9 tu rbines,17,800 h .p .
and 12,000 k.w.
O F F IC E R S .— Pres., Gordon A bbott; V .-P ., Charles E. C ottlng; Sec.,
E verett W. B urdett; T reas., J . II. Goodspeed: Gen. M gr., P. F . Sullivan;
Gen. A uditor, II. H . R ead. Executive Com m ittee: Philip D exter,
Chairm an; Gordon A bbott,C harles Francis Adams 2d, Galen L. Stone, Percy
P arker, Philip L. Saltonstall and Charles E . C ottlng. Office, 84 S tate S t.,
Boston. V. 88. p. 883, 1437, 1560; V. 89, p. 163, 348, 1411, 1483, 1G40.
1597; V. 90, p. 54, 167, 1425, 1491; V. 91, p. 1254, 1328, 1570, 1574, 1767
V. 92, p. 118, 1181. 1500; V. 93. p. 105, 1462, 1597, 1787; V. 94, p. 68.
(1) BAY State Street R y. — An electric road.— (See M ap on page 15.)
O R G A N IZA TIO N .—This was the Lynn A Boston R R . (Incorp. In Mass.
April 6 1859), b ut on July 23 1901 nam e changed to Boston A N orthern
S t. Ry. and on Aug. 8 1911 nam e was again changed to present title. The
following com panies have been absorbed from tim e to tim e. The latest of
these absorptions w as In Ju n e 1911, when the Bos. A N or. took over the
Old Colony and Issued 7,767 shares of pref. and 80,041 shares of com . in
exchange for like am ount of Old Col. S treet R y. stock.
Beverly A Danvers
M ystic Valley.
B oston Milton A B rockton.
Needham A Boston.
B raintree A W eym outh.
New Bedford M lddleb. A B rockton
Brldgcw. W hitm an A R ockland.
Norfolk C entral.
B rockton Brldgcw. A T aunton.
Norfolk S uburban.
B rockton A E ast B ridgew ater.
N orth W oburn.
D ighton Som erset A Swansea.
Old Colony S treet R y.
E ast Side B rockton A H olbrook.
Providence A T aunton.
Georgetown Rowley A Ipsw ich.
Q uincy A Boston.
Globe S treet Ry.
R eading A Lowell.
Gloucester A R ockport.
R eading W akefield A Lynfield.
Gloucester S treet Ry.
R ockland A A blngton.
H anover S treet Ry.
R ockport S treet Ry.
H averhill A A ndover.
Salem A W akefield.
H lngham S treet R y.
South
Shore A Boston.
Law rence A Reading.
T aunton A B rockton.
Lowell A Boston.
T aunton S treet Ry.
Lowell Lawrence A H averhill.
W akefield A Stoncham .
Lowell A Suburban
W est R oxbury A Roslindalo.
M iddleton A D anvers.
W hitm an S treet R y.
W oburn A R eading.
In 1907 obtained perm ission to do a freight business In a m ajority of the
tow ns along Its lines. In Sept. 1911 Mass. R R . Commission granted au­
thority to carry coal In car-load lots or less. In D racut, M ethuen, M iddleton
and N orth A ndover.
Lease.— In 1903 the Boston E levated R y. leased all of th e track of the
form er Old Colony Street R y. (now a p art of the Bay S tate S t. Ry.) In
th e city of B oston for 99 years. The lease provides for the paym ent of all
taxes and also 6>^% on replacem ent value (appraised a t $353,979, less the
rental of certain short pieces of track appraised a t $13,866) of property
leased as of d ate Feb. 16 1903, and 4% on all additions and betterm ents.
STOCK AND BONDS— D ate. Interest. O utstanding. Last d lv . ,A c
Stock com mon (par $100)__ ............................... $19,047,300
te x t.
1st pref ($100).......................... t ----F-A
2.088,600 F e bSec
. ’12, 3%
6% cum ................. - - .............
Bos A Nor ref m tge, $15,000,- , 1904 4 g J-J
6.880,000 Ju ly 1 1954
000, gold (51,000)--------- c * /In t. a t American T ru st Co., Boston. T rustee.
Lynn A Boston 1st m tge, g.) 1894 5 g J-D
3,723,000 Dec 1 1924
$5,379,000 ($1.000)------o M Int. a t Old Colony T r. Co., Boston. Trustee.
G R A I 1st m tge ($1,000),) 1900 5 g J-D
180,000 Juno 1 1920
$180,000, gold......................../In te rest a t City T rust Co., Boston, T rustee.
H G~ A ~D 1st m ‘tg ‘e....................... 1899
-----5
35,000 Mch 1 1919
Coupon notes, $405,000--------- 1897 6 A -0
405,000 A pril 1 1917
Plain bonds secured by Lynn
A Boston m tge of 1894—
186.000 Mch 1 1912
Lynn A Boston, d eb______ 1892 5 M-S
125.000 Dec 1 1916
Gloucester Es’x A Bev 1st M ,\ 1896 5 g J-D
$125,000 ($1,000). gold.c*) Interest a t Amcr. T r. Co., B oston. T rustee
W akefield A Stoncham 1st) 1895 5 g M-S
150,000 Mch 1 1915
m tge. $150,000, gold____c)
The last Issue Is redeem able a t 105. In t. a t A m . T ru st Co., B oston, T rus.
The M ystic Valley S t. R y. has out $60,000 gold 5s, duo Jan . 1 1919.
The R ockport S t. R y. has outstanding $12,500 6 % coupon notes d ueO ct.
15 1916, interest payable April and O ctober,
The Gloucester A R ockport has outstanding $10,000 6% coupon notes
dated Feb. 1 1895 and due Feb. 1 1915.
Lowell L aw rence & Haverhill.

BON DS—
Date. Interest. O utstanding. M a tu rity .
Lowell Law rence A H averhill] 1893 5 g J-D
$830,000 Ju ne 1 1923
1st m tge, $1,900,000, gold,)SubJ. to call for the sink, fund a t 105 A Int.
$1,000 ................................. c*J In t. a t Amer. T rust Co., T rustee, Boston.
People’s St R y. W est New ] 1898 5 J-J
64,000 Jan 1 1928
bury. Mass, 1st m ortgage)Interest a t S tate S treet T ru st Co., Boston.
bonds, a ssu m e d....................... J
O L D COLONY ST REE T RY . SE C U R IT IE S .
BONDS—
D ate. Interest. O utstanding. M a tu rity .
R et M, $10,000,000. gold) 1904 4 g J-J
$5,157,000 July 11954

($ 1 ,0 0 0 ).......................... --c* j In t. a t Old Colony T r. Co., Boston. T rustee.
B rockton (Consol)
—
S t Ry ..................................~
ls tl 1894 5 g A-O
089.000 O ct 1 1924
m tge $750,000 gold..........- ,/ l n t . a t S tate T r. Co callable a t 105 A Jnt.
Boston M ilton A Brockton 1899 5 J-J
100.000 July 1 1919
1st m tg bonds, $100,000._ In t. a t In te r’l T r. Co., Boston, T rustee.
Br’c k t’n Bridgew ater A Taun 1897 5 g F-A
200.000
_________
Aug .1 1917
IstM .g, $200,000($1,000)c* In t. a t A m . T r. Co., Boston, T rustee.
Brock A E Bridgew ater 1st 1898 5 g F-A
30,000 Feb 1 1918
M, g. $30,000........................... In t. a t Am. T r. Co., B oston, T rustee.
T aunton A B rockton 1st 1897 5 F-A
100,000 Aug 1 1917
m ortgage, $100,000--------- In t. a t S tate S t. T r. Co., B oston. T rustee.

J an ., 1912. J

ELECTRIC RAILWAYS

BONDS—
Date. Interest. Outstanding. M a tu rity.
N Bedford M’dleboroA Brockl 1000 5 g J-J
5325,000 Jan 11020
1st M,5325.000(31,000), g J l n t . a t A m . T r. Co., B oston. T rustee.
B raintree m o rtg ag e..................J 1804 6 J-J
35,000 July 25 1014
IS tate S t. T rust Co., B oston. T rustee.
Of the 510,000,000 Old Colony S t. R y. ref. m tge., 53.060,000 are reserved
for prior Hens. R em aining oonds can only be Issued for 50% of cost of
additions A im prov’ts. These bonds are not subject to call. V. 93, p .1784.
Globe Street R ailw ay Securities.
Date. Interest. Outstanding. M aturity
1st M. 5750,000,gold, 51,0001 1892 5 g A-O
5750,000 A pril 1 1912
each, red a t 105 and lnt_c*JInterest a t City T ru st Co., Boston, T rustee.
D ebentures, g (51.000)------cf 1892 5 g J-J
550,000 July 1 1912
l in t, a t New York T ru st Co., New York.
Dlghton Som erset A Swan] 189G 5 g J-D
78,000 Dec 11915
8 red lin t. a t International T ru st Co., Boston, T r.
10o (51.000)----------------------J
Sinking fund Is $3,000 a year.
T aunton S t Ry 1st M................f 1894 5 J-J
350,000 Jan 11914
Do D eb e n tu res................( 1894 5 M-S
200,000 Mch 1 1914
I In t.o n T aunton S treet R y. bonds p ay ableat
_
.
I Am. T ru st Co., m ortgage trustee, Boston.
Prov. A T aunton St Ry 1st g \ 1898 5 g M-S
150,000 .Sept 1 1918
($1,000), au th o r’d $200,00 J American T ru st Co., Boston, T rustee.
South Shore & Boston St. Railw ay Securities.
Date. Interest. Outstanding. M aturity
Bonds. 1st M ($1,000), gold.l 1899 5 F-A
$335,000 Aug 1 1919
51,000,000 ..................... ...... jln t. a t American T rust Co., Boston, T rustee.
B raintree A W eym outh 1st! 1897 5 g M-S
80,000 Mch 11917
M, gold, $80,000................... J ln t. at International T r. Co., Boston, T rustee
Bridgew ater W hit & Rook,! 1897 5 g M-N
85,000 Nov 1 1917
1st m tg, gold, $1,000 __ c*/ In t. a t A m erican T rust C o., Boston.
Rockland & A blngton, 1st , 1895 6 g M-N
100,000 May 1 1915
m tg, $100,000, gold__ J ln t. at Old Colony T r. Co., Boston, T rustee
W est Roxbury & Roslindale S t. Railw ay Bonds.
Date. Interest. Oustandlng. M aturity.
1st M. $150,000, g, S f ($500),! 1896 5 g M-S
$122,500 Sept 11916
red a t 1 0 3 ._ ----_c*JInt. a t In tern at. T rust Co.. Boston, T rustee.
Norfolk C entral 1st m tg .f 1898 5 g J-J
37,500 July 1 1918
gold, $100,000........................
(Subject to call after July 1 1903 )
lin t, at In te rn a t. T rust Co., Boston, T rustee.
Norfolk Suburban, 1st m ort-l 1894
5J J
40,000 July 1 1914
g a g e ...................................— jl n t . a t In te rn a t. T r. Co., Boston, T rustee.
stock and Hands. — By the term s of purchase of Old Colony by Bos. A
N or. the pref. stockholders of both com panies become 1st pref. stockholders
of the Bay S tate S t. R y. Pref. stock Is subject to call a t 120. Of the
$15,000,000 Bos. A Nor. bonds, $5,652,000 arc reserved to retire prior
liens. Rem aining bonds can bo Issued only for 50% of cost of additions
and Im provem ents. These bonds have no sink. fd. and are not sub), to call.
V. 93, p. 1784. Of the $5,379,000 1st M. bonds of the Lynn A Boston R R .,
$1,300,000 have been canceled, and the unissued balance Is to be used to
tak e up other bonds.
D IV ID E N D S.— On com. from 1880 to O ct. 1899, incl.,8% yearly; In
1900, 7% ; In 1901, 0% ; In 1902, 6% ; In 1903, 5% : In 1904, 2 ^ % ; In 1905
2% ; 1906 to 1910, lncl., 5% per annum . In Ju ne 1911, on Bos. A N or.,
2% ; on Old Colony, 3% .
R O A D .— Sec description under M ass. Elec. Cos. above.
E A R N IN G S.— Of com bined properties for year ending Juno 30 1911,
gross, $8,705,221; net, after taxes, $ 2 ,752,383; Interest and rents, $1,110,­
690; surplus, $1,035,693.
O FF IC E R S.— Pres., P atrick F. Sullivan, Lowell; T reas., C. R . Rockwell
V. 84. p. 095: V. 80, p. 720, 1223; V. 88, p. 748, 1430; V. 02, p. 117, 593, 059;
V. 93, p. 104, 285, 1724, 1784.
(a) Boston & Chelsea Street Ry.—Owns 4.379 miles of track . Leased
to Lynn A Boston Street R y. Co. a t 57,260 per annum , equal to 6 % on
5121,000 stock, payable A AO.

(b) Boston & Revere Electric Street Ry.

O RG A N IZA TIO N .— Incorporated Ju ne 24 1889. Leased from Ju ly 1
1895 for 09 years to Lvnn A Boston (now Bay S tate S t. R y.). which guar­
antees Interest on the $50,000 intgo. of 1008 and dividends on $50,000 stock
from July 1 1898 a t 5% per annum .
STOCK AND BONDS— D a te . In te re st. O u tsta n d in g . M a tu r ity .
5 J-J
$50,000 Sec tex t.
Stock (par 5100) ...................- ..............
Host. A Revere Elec St R y l 1908 5 g M-S
50,000 Sept 1 1928
550,000 gold ($1,000) — c* Jln t. a t Amcr. T rust Co., Boston, trustee.
Bonds.— No sinking fund, but bonds m ay be called on any Interest dato
on six weeks’ notice.
ROA D.—T otal track , 3.808 miles.

(c) East Middlesex Street Ry.

17

R E P O R T .— F or year to Ju ne 30 1911, dividends received from B. A W .
S t. R y. stock, none; m iscellaneous income, $20,239; total Income, $20,239;
expenses, 51,829; Int. on 3-year notes, $15,855; surplus, $2,555.
D IV ID EN D S.— F irst div. on pref. stock, $2, paid Ju ly 1 1904; $2 Ja n .
1905 and $2 Ju ly 1 1905; in 1906, $4; In 1907, $4; in 1908, $4; In 1909, $2;
In 1910, Ja n ., $ 1 ; none to Ja n . 1912, when $1 was paid.
O FFIC E R S. Pres.. W illiam M. B utler; V .-P ., A . E . Childs; Sec. A
T reas., George A . B utm an. V. 87, p. 96, 165, 1532, 1604. 1660; V. 89,
p. 1662; V. 90, p. 1074; V. 91, p. 1764; V. 93. p . 795, 1018. 1667.
(1) Boston & Worcester Street R y.—Trolley.
O RG AN IZA TIO N.— Incorporated In M assachusetts on N ov. 16 1901.
Franchise perpetual. Owns the Fram ingham Union S treet R y., Fram ­
ingham South borough A M arlborough S treet R y. and the M arlborough
A Fram ingham S t. R y. In March 1907 Mass. R R . Commission granted
righ t to do an express and freight business over entire line.
In Mch. 1910 M ass. R R . Comm, sanctioned an Issue of $350,000 bonds for
im provem ents and refunding. V. 89, p. 1346; V. 90. p. 625, 770. On
F eb. 21 1911 M ass. R R . Comm. a u th . an Issue of $397,200 6% cum . ($100)
vref. stock (au th . by stockholders Feb. 2 1911), of which $297,000 was used
to retire like am ount of com . issued In 1910 (V. 90, p. 625) and rem ainder
£$97,000 issued) to be used to fund floating d eb t. V. 92, p. 394, 525, 659,
Fares.— In 1909 single fare unit raised from 5c. to 6c.
STOCK AND BONDS— Date. Interest. Outstanding. M aturity.
SP t0?k4.£9,m
D ec ’l l . S 1%
ref, $397,200<5100)---------------($100) 6% c u m -------------------52.025.000
. ____
M-S
394.000
ep t’l l , 3%
Bo*8L &
l8 t m °rtgage.$2.-l 1903 4H g F-A 2,260,000 Aug 1 1923
500,000, gold ($ 1,0 0 0 )..c* J Interest a t A m erican T rust Co., B os., T ru iFram So A Marl 1st m t g ____f ____
5
00,000 Jan 1 1919
-NTotes
. payable
, , S„ ept. 1 1911_____
l Interest
ru st Co., B os., T rus.
. . . a t A.m erican T*300.000
* All held by B. A W .E lectric Cos.
................. ..
Dividends. On pref. 3% sem l-ann. since issued. On com . paid 3%
19o4 ; also 3% sem l-ann. until Dec. 1908, when 1
was p aid . In
1909, June, 1 Yi% \ in 1910, Ja n ., 1M % ; In 1911, D ec., 1% .
„ „ P I1POHT
F ? rtaxes,
year ending
Junesurplus.
30 1911,$94,467.
gross. $015,G87; n et, $259.­
832;
Interest ~and
$165,365;
ROA D.— Owns and operates 82 m iles of track, a considerable portion
over private right of w ay. betw een Boston and W orcester, Including an ex­
tension to N atick. Ralls, 75-lb. H as 79 cars.
O FF IC E R S.— Pres.. William M. B utler; V .-P., A. E . Childs; Sec. and
T reas., Geo. A. B utm an.— V. 86, p. 601; V. 87, p. 1418,1660; V. 89. p 222.
1340, 1662; V. 90, p. 625, 770; V. 91, p. 869, 1628; V. 92, p. 394, 525,
659, 724.
P U B L IC SERV ICE INV ESTM ENT CO.

O RG A N IZA TIO N , Ac.— Organized In M aine to hold and to deal In
stocks, bonds, notes and other securities. Stock $2,000,000 6% (Q .-F )
cum . pref. (par $100), all out. redeem able a t option of com pany a t 1 1 5 ,
and $2,000,000 com mon (par $100) all o ut (no bonds).
Owns the following securities; $350,000 Jacksonville T ra c . com .; 5750,­
000 Pac. Coast Pow . com .: $100,000 Columbus (Ga.) Elcc. pref;. $92,400
T am pa Elec, stock; $100,000 H oughton County T rac. com .; $150,000
G alv.-IIous. Elcc. Co. com .; $350,000 N or. T ex. T rac. com .; $63,400
Seattle Elec, com .; $100,000 El Paso Elec, com .; $612,500 M inn. Gen. Elec,
com . and $500,000 H oughton County Elcc. L t. com . Sec statem en t of
these com panies (except last two) on subsequent pages.
Stone A W ebster offered the stock In March 1909 In blocks of 10 shares
of preferred and 4 shares of common for $950. V. 89, p. 103.
Dividends.— On pref. 1
q uar. since A ug. 1909 to and Including F eb. 1
1912. On com ., 1st div.— 1 Vi% — Feb. 1 1910; A ug.. 1 H % . In 1911,
F eb ., 1 H % ; A ug., l H % . In 1912, F eb., 1 Y>%.
D IR E C T O R S.— H enry G. Bradlce, Russell R obb, Chas. A. Stone,
Edw92,in pS.. 463.
W ebster. E liot W adsworth (Pres.)— V. 80. p. 103; V. 90, p. 628­
V.

BOWLING GREEN OHIO.

L A K E E R IE B O W LIN G G R E EN & NAPOLEON R Y .— A trolley ro a d .

Receivership.— Interest on bonds having been defaulted M ay 1 1911,
Judge Klllits in Federal Court a t Toledo on M ay 2 1911 appointed A . E .
Roycc and B. O. H arding of Bowling Green, receivers. V. 92. p. 1243
On Dec. 18 1910 Judge K lllits ordered a rc-lssue of $75,000 receiver’s ctfs*
($50,000 o ut), originally p ut o ut several m os. previous for Im prov’ts. V.
93, p. 1780, 790. Receivers have paid in t. due M ay 1 1911. In t. due
N ov. 1 1911 Is unpaid. V. 94, p. 207. In Ja n . 1912 a stockholders’ com ­
m ittee w as arranging for reorganization.
O R G A N IZA TIO N .— Incorporated in Ohio In 1902.
STOCK AND BONDS— D ate. Interest. Outstanding. M aturity.
Com mon, $750,000, ($ 1 0 0 )......................................
$428,400
Pref, $250,000, ($100)6 % n -c...................................
250.000 ____
1st M, $1,000,000, gold ($500] 1903 5 g M-N
353,500 Nov 1,1933
and $1,000)------------------c * jln t. at Union T r. Co., D etroit, T rustee.
R ec’vs’ certfs $75,000 ($ 1,000) 1911 0 q uar.
50,000 Dec 1 9 1 3
Bonds.— $570,500 bonds arc reserved for extensions a t $17,000 per m ile
and $70,000 in com pany’s treasury. No sinking fund and bonds arc not
subject to call. In t. on receiver’s ctfs. is payable in Bowling Green.
E A R N IN G S.— For year ending Dec. 31 1910, $60,179; n et, $15,764
ROAD.— O perates 25 miles of track between T ontogany, O ., and W oodvlllc. S tandard gauge, 60-lb. T rail. Connects a t T ontoganv w ith Ohio
Elcc. R y. a t Bowling Green with Toledo Bowling Green A Southern
T raction Co., a t Pem berville with Toledo Fostorla A Findlay R y. and a t
W oodvlllc w ith Lake Shore Elec. R y. Furnishes electric light and power
a t Bowling Green, as well as hot-w ater heating.
O F F IC E R S .— Pres., R obt. Place; V .-P. and Gen. M gr., E . IT. McK nlght; Noe., IT. G Ilankey: T reas., B. C. H arding.— V . 92, p. 1243;
V. 93, p. 790, 1780; V. 94, p. 207.

O R G A N IZA TIO N .— Owns 19.394 miles of track. Leased May 1 1893
to Lynn A Boston (now Bay S tate S t. Ry.) for 99 years a t a rental till
May 1 1896 of $18,000 yearly in addition to fixed charges; then till May 1
1901 $24,000 yearly; and for rem ainder of lease $30,000 yearly. Eight
per cent dividends had been paid, b ut on May 1 1901 were Increased to 10% .
STOCK AND BONDS— Date. Interest. Outstanding. M aturity.
Stock ($100) $300,000 ..........................
10
$297,700
See tex t.
Plain bonds, ln t. gu. (end)
1898
5 M-S
120.000 Sept 1 1918
Refd bonds, in t. gu. (e n d ).-. 1902
4 J-J
100.000 Jan 1 1922
Interest a t S tate N ational B ank, Boston.
The lessee In the lease agreed to stam p both Issues of the bonds w ith a
guaranty of the Interest— principal Is not g uaranteed.—V.67, p. 482.
id) Nashua Street R ailw ay. — Trolley.
O RG A N IZA TIO N .— Incorporated Aug. 14 1885. On Ju ly 1 1900 was
leased to the Lowell A S uburban for 99 years, and lease now runs to llav
S tate S t. Ry.
R ental.— D ividends arc payable Jan . and July a t th e rate of 4 % In 1901
5 % In 1902 and 0 % for the rem aining 98 years of lease.
STOCK, BONDS, Ac.— Date. Interest. Outst'd’g. D lv.& m aturity
Stock. $325,000 (par $100)........................................
$325,000 Sec te x t.
First m ortgage, $150,0001 1901 4 g A-O
150,000 Oct 1 1931
($1,000), g o ld ...................c* JIn t. a t Old Colony T r. Co.. Boston, T rustee.
Bonds.— E ntire Issue m ay be called a t 105 and accrued Interest.
BRATTLEBORO, VT.
RO A D .— O perates 15.68 miles of track.
T W IN STATE GAS & ELE C TR IC CO.
(e)
VVinnlslm m et (S treet) R R .
()H G A \IZ A T IO N .— Incorporated In C onnecticut on A ue. 28 1808 and
O RG A N IZA TIO N .— Owns 2.187 miles of track . Leased to the Lynn A
tlie U rattlcboro S treet R y.. the B rattieboro Gas I.lirht Co., the
Boston for 999 years from 1880 at $3,000 per annum . C apital stock Is 550,­ acquired
Dover Gas I.lirht Co. (V. 83. p. 562). the B cnnlniaon Electric Co. and the
000 par $50. Dividends In 1894 to 1910 Inclusive 6% per annum .
H ooslck Falls Illu m in a tin g
Control Is held by the N ational Light,
(/)
N ew port & Fall R iv e r Street R y .
ORGANIZATION .—Organized Jan . 1898. July 1 1900 consolidated H eat A P o w e r CBo .O N D S — D ate. Interest. O utstanding M a tu rity .
with Newport Street Rv. Has also consolidated w ith Newport Illum inat­ C oSmTmOoCnK, $A1N,5D0 0 ,0
0 ) ..................................
$ 1 ,2 5 0 ,0 0 0
ing Co. Em braces 21.22 m . of track In and between N ew port and Fall River; P referred , 5 25 0,00 00 0(,$ 1( $0100) ___
________
2 50 ,000
also electric lighting. W as leased on July 1 1901 for 99 years to the Old 1st and ref M , $ 1 ,5 0 0 ,0 0 0 , g l ______
1906
4 Y g A -O
9 05 ,000 O c t ’ "l’ i9 2 6
Colony Street Ry. (since merged In Boston A N orthern, now the Bay S tate
and $ 1 .0 0 0 ).......... _cM I u t. at K n ic k e r b o c k e r T r . C o ., N .Y .. T ru stee
S t. Ry.) for a rental of 6% per annum and Interest on bonds. The Mass. D o($500
v e r G as L ig h t c o n m o r t-l
1905
5
1 50 ,000 S e p t 1 1925
Elcc. Companies disposed of Its holdings In Feb. 1902.
g a g e , $ 50 0,00 0 ....................... /U n io n S a fe D e p . A T r u s t C o ., T ru ste e
STOCK, BONDS, ETC.— Date. Interest Outstanding. M aturity.
U n ited G as A E le c , m o r tg a g e .!
1897
2 5 0 ,0 0 0 S e p t. 1 »17
Stock, par $100
.............................
j .j
$950,000 See te x t.
$ 2 5 0 ,0 0 0 ...................................../U n io n S a fe D e p . A T ru st C o ., T ru ste e.
Newport A I*all R iver ls tl 1898
5 F-A
240,000 Aug 1 1018
B ra ttie b o r o G as L C o m t g ____ 1903
5
7 3 ,000 F e b 2 1923
m o rtg ag e ..........- : - - - - - - 1 American T rust Co., B oston, T rustee.
7 5 ,5 0 0
1935
Consol m ortgage, $1,000,000,) 1904
4 H J-J
573,000 July 11054 Hooslck Falls Illu m in a tin g C o l ........ ....................
$ 1 5 0 ,0 0 0 ...................................../K n ic k e r b o c k e r T ru st C o ., N . Y . , T r u s te e .
gold (5 1 ,0 0 0 )-.-- — -c* A rfln t. a t A m . T rust Co., B oston, T rustee.
6 5,000
1930
N ew port Illum inating Co 2d7 -----cg
63,500 O ct 1 1025 H o o s lck F alls E le c tr ic C o l ................................
$ 7 5 ,0 0 0 ................. ..................... /O l d C o lo n y T r u s t C o ., B o s t o n , T ru s te e .
m ortgage, gold - - - - - - - - - - 1 C entral T rust Co.. New Y ork, T rustee.
e r A l ..........................
6 4 ,0 0 0
1924
Bonds.—Of the $o73,00O consol, m tge. bonds out, $50,000 were held In B enA nLinigg htotnCoW $a 1te0r0 ,0P0o0w_____
/A m e r ic a n L o a n A T r u s t C o ., T ru s te e .
treasury of Bay S tate S t. R y. S ept. 1 l o l l . Of the unissued bonds, $304,­
12.500
1929
000 are reserved to retire prior liens and $123,000 for future additions a t B en n in gton W a te r P o w e r A l ....................................
L ig h t C o $ 3 0 ,0 0 0 ................. / O l d C o lo n y T ru st C o ., B o s t o n , T r u s te e .
50% of cost. Not redeem able. V. 70. p. 213, 501, 1462.
9 8 ,5 0 0
1935
EARNIN GS of the Old Colony S t. R y. from operation of the N ew port B e n n in g to n E le c tr ic C o $ 1 7 5 , - 1 ............................
000 ....................................... ......./K n ic k e r b o c k e r T r u s t C o .. N . Y . , T r u s te e .
A Fall River S t. Ry. for year ending June 30 1011 were: Gross, $342,490;
n et, $180,346; charges, $49,610; surplus, $130,730.
B onds. — O f th e $ 1 ,5 0 0 ,0 0 0 new b o n d s. $ 47 3,00 0 are reserved fo r p rior
BOSTON & W O RCESTER E LE C TR IC CO M PA N IES.

O R G A N IZA TIO N .—-This Is a voluntary association organized under a
tru st agreem ent dated Dec. 29 1902. Its property consists of the entire corn,
stock and 5300.000 "notes payable” of th e Boston A W orcester S treet Ry
It has Issued 33.936 4% cum ulative preferred shares and 34,614 common
shares, no par value; b ut In case of liquidation preferred shares receive 5 10 0
each before the participation of com m on. In Jan . 1905 was listed on Bos
ton Stock Exchange. Stock was Increased to present am ount by the Issue
In July 1906 of 6.000 shares common and 6,000 p ref., which was offered to
shareholders a t 5105 for a block of 5100 pref. plus 5100 com.




liens and $ 62,000 fo r a cq u is itio n s , e x te n s io n s an d Im p r o v e m e n ts . N o
sin k in g fu n d and b o n d s are n o t s u b je c t t o c a ll.
E A R N I N G S .— F o r c a l. year 1910, g ro ss. $ 3 1 0 ,2 0 0 : n e t. a fte r taxee
$14 6,39 3: in t ., $70 ,726 ; surplus, $ 6 9 ,6 6 7 . I n 1909, gross. $30 2,73 2; n e t,
a fte r ta x e s , $13 7,62 6.
R O A D .— O perates 5 m iles o f tra ck In B r a ttie b o r o . In a d d itio n t o gaa and
e le ctr ic -lig h t plants In B ra ttie b o r o an d B e n n in g to n , V t . , H o o s lc k F a lls,
N . Y ., and D ov er. N . H .
O F F I C E R S .— P re s ., I . L . M e lo o n ; V lc e -P r e s ., W m . C. P r a t t ; S e c . an d
T r e a s ., Joh n F . R e illy .— V . 8 3 , p . 499.

M AP OF THE

S U R F A C E A N D E L E V A T E D L IN E S
A N D F R A N C H IS E S .
S u r f a c e R a ilro a d s s h o w n th u s
E le v a te d
“
,r
“ c— c—

MORRIS PARK

RICHMOND

oc

[ CLARfNCjEVILLE

lCANARSIE

^ANpiNG>

WCOJ»\|AVEI

Island

'^~/ L'upress Hills'
\ C em etery/^\ Jcivi
V
GLENQALE

CORONA
PARK

evi« ELp ^

& X J.

VILLAGi

MASPETH'

EASTj^Er^fcr

LWILLIA
MSBOR GH'
V
P-Crr-^L_

mmmM

m

l7‘’

^ G ravesend'

'"middle

£ h >(ATT
XHEI&HTS

CHARLOT-TEviLtl
"St.C'c.uhr-'/
JJichaeU

wool JSIDE

7yA

f mIliTunimyAK'ptcr
th in p M m r ,

feaa

-BERtlRVILCE

\

. .

T ? t arF -

tm

ffiW m w b

$8

111'oaRk///o / ITtr-h-hf'

^SEVENThT/
ro n T S

«elsE l3iSE rTT! 11>'J

j

TTH%^

jS l

■ £sS l 5

l x x x x iv

. /-E fe i

i

[Y o l .

M

Scale of Miles.

.




R A IL W A Y S

g lliillp

NEWTOWN

ROAD

BOW ERY
BAY

i,m b

{otkrjI Cl»4'
J Cemetery
of the
Evergreens,

;orona ! ikEIGHTS

/ CORO NA

M anhattan

St. JQhns\$S
£ em e te ry /^\

E L E C T R IC

^flushing

«*>

f

<

ELECTRIC RAILWAYS

JAN., 1912. J
B R IS T O L , C O N N .

BRISTOL & PLA IN V ILLE TRAMW AY CO,—A trolley road. Also
furnishes electric light, gas, steam heat and power.
O RG A N IZA TIO N .— Organized Sept. 21 1893. A gas p lan t was com ­
pleted In 1906. Franchises perpetual. In Aug. 1906 a m ajority of stock
was pooled for 5 years. In Aug. 1911 pool was renewed for 5 years m ore.
In A ugust 1908 a stock dividend of 50% was declared, Increasing o u t­
standing am ount to $375,000. V. 87. p. 96. 414
STOCK AND RONDS— Date. Interest. Outstanding. M aturity.
Stock. $1,000 000 ($100)_____ . . . . _______
$375.000 1910-11.8%
1 st m ortgage $600,000. goldf 1905 4 fe g M -N
475.000 Nov 11945
($500 and $1,000)------------ (In te re st a t Bristol N ational Rank, Bristol.
(Treasurer of S tate of C onnecticut, T rustee.
Ronds.—Are subject to call after 5 years a t 102; after 10 years a t par.
EA R N IN G S.— For years ending June 30.
Hallway Hallway Gas & Elec. Interest
Year—
Gross.
Net.
L tg .,N et. & Taxes. Dividends. Surplus.
1 9 1 1 .............$99,052 $34,308 $38,016 $28,514 $30.000 $13,810
20,250
23,260
1910
96,869 40,857
35,045 26,392
RO A D .—O perates about IZ H m llcsof track laid w ith 56 and 60-lb. T rallfrom Bristol to Plalnvllle, w ith branches to Lake Compouncc and to
Tcrryville. S tandard gauge, 29 cars. 3 snow plows and 1 work car.
O FFIC E R S. - Pres. Miles L. Peck; V.-P. N. E. Pierce* Sec. and T reas.,
M. L. Tiffany; Gen. M gr.. G. E . Cocklngs.—V. 81. p. 776; V .8 7 ,p . 96,414.

B R IS T O L , V A .-T E N N .

ISRISTOL TRACTION CO.
O RG A N IZA TIO N .—-Incorp. In V irginia. W as form erly the Bristol Belt
Lino R y. Co. but on Sept. 7 1011 (lied a certificate changing nam e to above
title, and Increased a u th . stock from *100,000 to * 0 0 0 ,0 0 0 , and par of shares
from *50 to *100. V. 93, p. 1323. Owns entire stock of the U olston Valley
R y., a narrow-gauge steam road.
STOCK AND BONDSDale. Interest, outstanding. M atur U----------*135,000 __________
sto c k *300,000 (S 100)....................M ortgage *300,000 (*1,000)1 1011 5 A-O
1 17,000 ________ _
callable a t 105........................JU . S. T rust Co., W ashington, D. C., tru stee,
ROAD. Oporatos 0 mllos standard-gauge electric line In Bristol and
11.09 miles narrow-gauge steam road between Bristol and Big Creek P ark,
on the Uolston Itlver. 14 m otor cars, 2 locomotives, 4 passenger and 12
freight cars.
O FFIC E R S. P res., B. I,. Dulaney; V .-P. A: (Jen, M gr., FrcdlD ulanoy;
Sec. A T reas., N. D. B uchanan Jr. V. 03, p. 1323.

BROOKLYN, N . Y .

BROOKLYN R A PID TRANSIT— (See M ap, page 18).
O RG A N IZA TIO N .— O rganized Jan . 18 1896, per plan In “ C hronicle,”
V. CO, p. 1145, to succeed to the property of the old Long Island T raction
Company foreclosed, syndicate headed by the late cx-G overnor Flower
having then bought control. Is not a railroad corporation, but was or­
ganized under the Business Corporation law of New York to hold the stocks
and bonds of railroad com panies and to aid In the construction and equip­
m ent of railroads. Franchises are perpetual.
A SSETS.—The following Is a statem en t of the stocks and bonds owned
by the Brooklyn R apid T ransit system Ja n . 1 1012.
Stocks
Entire capital stock Brooklyn H eights R R . Co. (par)------------- $200,000
Entire capital stot.k Bkln. Q ’ns Co. & Suburban R R . Co. (p a r). 2,000,000
E ntire stock Sea Beach Ry. Co., T'" r value-----------------------------650,000
84,997 shares o ut of 85,000 shares ol the com .stock of the N assau
Electric U R. Co., p a r_______ _____ _________________________ 8,499,700
63.670.75 shares out of 65,000 shares of th e 4 % cum ulative pref.
stock of Nassau Elec. U R. Co., p a r__________ _____________ 6,367,075
47,854.85 shares out of 50,000 shares of the 5% non-cum ulatlve
pref. stock of the Brooklyn Union Elcv. R R . Co., p ar............ 4,785,485
125.300.31 shares o ut of 130,000 shares of th e com mon stock
of the Brooklyn Union E levated R R . Co., p a r ........................... 12,530.031
E ntire stock of Coney Island & Gravesend R y. Co., p a r ______
350,000
1,462.28 shares Brooklyn R apid T ransit Co., p ar..................... ..
146,228
Entire capital stock of doutn Brooklyn Ry. (p a r)-------------------500,oOJ
0,800 shares o ut of 10,000 of the American Railw ay Traffic Co.
980',000
(owned by T ransit D evelopm ent Co.), p a r_________________
Entire capital stock of the T ransit D evelopm ent Co., p a r............. 500,000
Entire stock of the Canarslc R R . Co. (owned by the T ransit
D evelopm ent Co.), p ar____________________________________
250,000
500 shares of the Bridge O perating Co., p ar_____________ 5 0 .0 0 0
„Bonds
.
$37,808,519
♦ 1st M* 5% bonds Bklyn. Queens Co. & Sub. R R . (par)...............$2,000,000
1st con. M Bklyn. Q’ns C o.& Sub. (owned by Bklyn. H ’ts C o .) ..
50,000
♦ 1st m ortgage 5% bonds Brooklyn City R R . (par)...................... 1,627,000
♦ R efunding gold mtgo. 4% , Brooklyn City R R ............................. 725,000
♦ Gold 5% bonds Brooklyn Rapid T ran sit...........................................
30.000
Ref m tg 4% bonds Brooklyn Rapid T ransit Co..................... ......... 14,930,000
Ref m tg 4% bonds B. It. T . (owned by N assau El. R R .)____ 1,709.000
Consol m tg 4% bonds Nassau Elec R R _________________________ 1,109,000
Consol n ag . 4% bonds Sea Beach lty . (owned by Nassau Elec.
22,500
H it. Go*) _______________
---------$22,202,500
• The entire am ount of B. Q. C. & Sub. R R . 1st 5s and Bklyn. City R R .
1st 5s; also $125,000 out of the $725,000 B. C. R It.rc f. 4s held, and $25,000
out of the $30,000 B. It. T . gold 5s held, compose guaranty fund for per­
form ance of Brooklyn City Itlt. C om pany’s lease.
The Brooklyn City HH. Co. Is held under a 999-year lease dated Feb. 14
1893. guaranteeing all fixed charges, organization expenses, taxes and 10 %
dividend on $12 000,000 of stock. The lease Is nom inally to the Brooklyn
H eights R R . Co., hut the Brooklyn Rapid T ransit Co. owns the entire cap ­
ital stock of the Brooklyn H eights Co In 1898 the Heights Com pany
leased the Brooklyn Queens County & Suburban R It. The lease was re­
newed year by year, rental being fixed charges, taxes and organization ex­
penses. On July 1 1901 the B. Q. C. ds S. began operating separately again.
On April 1 1899 the Heights Com pany tem porarily leased the Nassau Elec­
tric R R . L ater perm anent leases were m ade, but on June 30 1904 presum a­
bly In consequence of a decision (V. 79. p. 102) compelling the Issuance of
transfers, the lease of the Nassau Electric R R . was canceled.
The Brooklyn H eights R R . In April 1899 leased for the period of 999 years
the Prospect Park & Coney Island R R . (see term s under the latter), the
New York &, Coney Island H R. and the Prospect Park & South Brooklyn
R R ., b u t the leases of these com panies were assigned In M arch 1907 to
South Brooklyn R w y., which had been acquired by purchase In Feb. 1902.
V. 74, p. 479. The South Brooklyn Rwy. owns the double-track road
(1 H miles) extending from New York B ay, near 38th S t., Brooklyn, to 38th
S t., near 9th A vc., B klyn, and In Ju ne 1907 Increased Its stock from
$150,000 to $500,000.
In N ov. 1905 purchased a t foreclosure for $262,000 the road of the Brook­
lyn & R ockaw ay Beach R R ., 3 M miles, from E ast New York to Canarsle,
and later organized the Canarslc R R . Co., w ith $250,000 capital, to operate
the road. V. 82, p. 1155. The entire stock of this com pany Is owned by
the T ransit Development Co. Through elevated train service from the
Br-.iKiway Ferry adjoining the W llllainsburgh Bridge, to Canarslc was In­
s titu t'd July 30 1906. V. 83. p. 2 71; through service over the bridge to
D clancey S t., New Y ork, was p u t In operation on Sept. 16 1908, the con­
nection from Broadway E lev .to Bridge structure having been com pleted.
On May 21 1904 the Brooklyn Heights R ailroad Co. signed an agree­
m ent w ith the city for operation of trolley cars over the new YVU
llam sburg Bridge. See V. 78. p. 2013, 2386. L ater the Bridge O perat­
ing Do was form ed, w ith $ 10 0 ,0 0 0 capital, to operate local service on the
bridge. Sec V. 79, p. 626. Through surface cars are operated over bridge
g.y Brooklyn Heights R R ., Nassau Elec. R R. and B’klyn Queens Co. & Sub
1 t o irrL,c? r*w began to cro^s this bridge In Nov. 1904. V .79. n. 2081
1- .
p t*replaced
l5)?° cable
on M ontague S t. betw een C ourt S t. and W all S t.
Ferry was
by lino
trolley.
rJIS iS io '}* ? ? u*t Aoatnst lirooklyn C ity H Il.— On Feb. 25 1910 Referee D
Brooklyn H eights R R . Co. against the Brooklyn City
« V ala
1900, aw arded Judgm ent for $ 1,740,258 principal, with
*}
April 1 1894. Sec V. 70, p. 8 4 1 ; V. 80, p. 1174; V .90,
90,p. 625;
90,pto.770.
Pending the appeal,.C Bklyn. ,ms
Citytaken
R y. an
In appeal.
Ju ly 1910V.reduced
Its V.dlv.
2%
I1!* ru.V“ nc(1 Quar. and set aside In a special fund to bo
claim 101V ° 91°Cp 1093CrS f not Usc<1 ,n scttlcm cnt of Brooklyn H eights Co.




19

Extensions.— On April 6 1910 applied to P ub. Ser. Comm, and the Board
of E stim ate for permission to use the proposed Canal St. Subw ay In Man­
h atta n , offering to run cars over the A lanhattan Bridge through the pro­
posed subw ay to W est S t., M anhattan, for a 5-cent fare. A pplication was
also m ade to build to the Brooklyn end of the M anhattan Bridge and opra te a 3-cent service over the bridge sim ilar to arrangem ents now In effect
on the Brooklyn and W illiam sburg bridges. V. 90, p. 976. On April 12
1910 the Brooklyn Union Elev. applied to the P ub . Ser. Comm, to operate
Its cars over the M anhattan p art of the bridge loop subw ay from the Alan­
h atta n term inus of the W illiam sburg Bridge to the Brooklyn Bridge.
V. 90, p. 1044. In Ju ne 1910 the Commission rejected the term s of the
com pany’s offer and held th a t the yearly ren tal should be based on the
basis of an estim ated cost (for the portion to be used) of $7,500,000 Instead
of an assum ed cost of $4,000,000. On Dec. 19 1910 applied to P ub .S erv.
Comm, to use the two easterly tracks In the Centre S t. subw ay loop ‘be­
tween th e W llllam sburgh Bridge and Canal S t. for trolley car operation,
and the two w esterly tracks betw een th e W llllainsburgh Bridge and Brook­
lyn Bridge for its elevated roads. V. 01, p. 1710. On Ja n . 10 1911 m ade
a dual proposition to the P ub. Serv. Comm, to operate the 4th Ave. Sub­
way in Brooklyn and to four-track th e B righton Beach Line. Sec details
of proposition In V. 92, p. 117.
Proposals for Subways in M anhattan.— On A pril 25 1911 m ade an offer
to th e city supplem ental to one m ade on Alarch 2 1911 (V. 92, p. 593) to
operate subw ays and elevated lines to be constructed affording rapid transit
connections betw een all five boroughs. See V. 92, p. 596, 1177. See also
rep o rt of special tran sit com m ittee, approved by P ub. Serv. Com m ., In
V. 92, p . 1635. In Ju ly 1911 the city offered to enter Into arrangem ents
w ith the com pany looking to the operation by It, when sam e are constructed,
of about 66 miles of subw ay and elevated lines, form ing a new system in
M anhattan, Brooklyn, Queens and R ichm ond. See V. 93, p. 43, 230, 285;
also com pany’s annual report In V. 93, p. 812.
Valuation of Property.— In Dec. 1909 Blon J . A rnold, C onsulting Engineer
of the Public Service C om ., In hearings on the application pending before
the Commission to reduce fare to Coney Island from 10 to 5 cents, estim ated
the valuation of the physical property of the com pany. Including per­
centages for contractors’ profits, Incidentals, &c., as $100,705,689; value of
non-operative property, $2,511,099; total cost of reproduction alone, $103,­
216,789. (V. 89, p. 1595.) in this real estate has been taken a t Its as­
sessed value, and Air. Arnold thought th a t, allowing for th lsan d other Item s,
the total m ight he brought up to approxim ate the capitalization of the co.
Special Franchise T ax Reduced.— For decision allowing for obsolescence
In fixing special franchise ta x , sec V. 91, p. 1511.
Express M atter.— On Jan . 1 1909 th e con tract w ith the A m erican Express
Co., under which the latter com pany had been using the Brooklyn Rapid
T ran sit system for distribution of express m atter, expired, and was. not
renew ed. V. 88, p. 157.
Damage Suits A gainst Line in Union Street.—On M ay 2 1910 the C ourt
of Appeals at A lbany affirm ed Judgm ents In favor of property owners claim ­
ing Injury from the construction of the trolley line In Union S treet. V. 00,
P. 1238.
The Transit Development Co. was organized In April 1903 under the
Business Corporation law , w ith $25,000 capital, and Is owned exclusively
In the Interest of the Brooklyn R apid T ransit Co. It Is authorized to
m anufacture and sell power and to do general contracting w ork. On
March 1 1907 special arrangem ent was m ado by which the concern furnishes
power and takes charge of the m aintenance and repair of all the railway
properties In the Brooklyn Rapid T ransit system , Including their equip­
m ent. V. 84, p. 569. In June 1907 capital stock was Increased to $500,000.
Tne A m erican H allway Traffic Co. was Incorporated In Jan . 1904 w ith a
capital of $1,000,000 (of which $980,000 Is owned by the T ran sit D evelop­
m ent Co.) for the purpose of hauling and disposing of city’s ashes and refuse.
C ontract with city expiring Dec. 27 1908 was not renewed and com pany
will bo dissolved. In June 1911 was In process of dissolution.
D ivision of Territory with Long Island HH. —A t an Investigation by the
Public Service Commission In N ov. 1907 It developed th at on April 1 1899
an "agreem ent of alliance” had been entered Into w ith the Long Island
R R . for division of territory. “ Long Island territo ry " Is described as
part of Queens County and the counties of N assau and Suffolk, while
“Transit territory ” Includes all of Kings County and p art of Q ueens.
Besides this, there Is neutral territory consisting of College P oin t, Flushing,
Jam aica and the Islands In Jam aica B ay. into which neither m ay enter
w ithout the consent of th e other.
Re classification of System Lines.— Owing to the opinion of the C ourt of
A ppeals In Its decision upholding the right of the Brooklyn H eights R R . to
charge 10 cents fare to Coney Island, to the effect th a t A rticle IV of the
R ailroad Law relates only .to street surface railroads and th a t different
provisions govern elevated and steam surface railroads, a re-classification
of the roads of the system was m ade In March 1907 so as to lim it the func­
tions of each railroad to the operation of Its own character of railroad.
Accordingly the Brooklyn Union Elevated now operates only the elevated
roads and the street surface railroad corporations operate street surface
roads only. As p art of th is arrangem ent the leases of the Brooklyn Union
Elevated R R ., the Sea Beach R y. and th e South Brooklyn R y. to the
Brooklyn H eights R R . were term inated. The leases of th e Prospect Park
& Coney Island R y.. th e New York & Coney Island R y., the Prospect
P ark & So. B’klyn R y. were assigned to th e So. B ’klyn R y. V. 84, p. 569.
Transfers and Fares.— For decisions as to transfers, see V. 79, p. 2204
2587. Also see V. 82, p. 1323. In Aug. 1907 the A ppellate Division of th t
Suprem e Court In Brooklyn held th a t cum ulative penalties could n o t be
collected for refusal to Issue transfers—see V. 85. p. 404. In June 1906
transfer system was greatly extended. For decision as to expired franchises,
see V. 82, p. 1101. In Dec. 1908 Public Service Commission dismissed
a com plaint to reduce the fare to Flushing from 10 to 5 cents. V. 87, p. 1604.
In Aug. 1906 the coirfpany’s right to charge a 10-ccnt fare to Coney Island
was disputed and riotous proceedings resulted. See V. 82, p. 379, 435, 686.
In Ja n . 1907 Court of Appeals sustained the com pany’s contention as to the
legality of the 10-ccnt fare. Sec V. 84. p. 101. On Alay 23 1908 Gov.
Hughes vetoed a bill which, though general In form , was Intended to provide
a 5-cent fare from A lanhattan to Coney Island. V. 86, p. 1342. On
Mch. 8 1910 P u b . Scr. Comm, also upheld the 10-cent fare to Coney Islan d.
V. 90, [). 690. In Ju ly 1911 voluntarily agreed to put. Into effect between
A ug. I and O ct. 1 a round-trip fare of 10 cts., good to Coney Island betw een
6 a. m . and 9 a. m . and good for the return trip between 2 p. m . and 4:30
p. m . V. 93. p. 285.
Mortgages of Constituent Companies to Secure Advances by Brooklyn Rapid
T ransit.— In May 1907 the New York S tate R R . Comm, consented to the
Sea Beach R y., the Canarslc R R . and the South Brooklyn R y. m aking
m ortgages of $2,000,000. $2,000,000 and $4,000,000 respectively to secure
certificates of Indebtedness Issued by those com panies to the Brooklyn
R apid T ransit for moneys advanced for additions, betterm ents, &c. In
June 1907 Brooklyn Union E levated authorized a ratgc for $20,000,000
and the Nassau Electric for $5,000,000 for sam e purpose; b ut In Ju ly 1908
Public Service Commission denied application for the approval of these la t­
ter two m ortgages. Sec particulars V .8 7, p. 224. No bonds will be Issued
under any of these m tges., which arc created sim ply to secure the certificates
of Indebtedness as Issued from tim e to tim e. The certificates cannot be
Issued a t loss than par and are deposited under the Brooklyn R apid T ransit
first refunding m tge. V. 84, p 1181, 1246. 1550.
S E C U R IT IE S OUTSTA ND IN G JA N . 1 1912.
STOCK AND BONDS. Outstand'g. Interest.
M aturity. A n n . chget.
.................. J a n .’1 2 ,1 # %
Stock $45,000,000 ($100) .$45,000,000
Q-J
Brook Rap T r first ref)*33,078.000 4 g J-J Ju ly 1 2002 $1,323,120
m tgo(1902) $150,000.-f C entral T ru st Co., New Y ork. T rustee.
0 00 g o ld ............_c*dcrj Coupon bonds. $1,000; registered, $1,000, $5,000.
Brook Rap T r gold All 7,000,000 5 g A-O O ct 1 1945 350.000
1895 $7,000,000___c*j d Interest a t T rust Co. of A m er., N. Y ., T rustee.
Brooklyn City R R —
Refund m tge 1906$6,-1
*725,000 4 g F-A Aug 1 1956 *29,000
925,000 ($1,000)___ ) Long Island Loan & T rust Co.. B klyn., T rustee.
F irst consol M 1 8 0 1 ... 1/4,373,000 5 J-J
a Ju ly 1 1941 218,650
..................~
9,000
New
YV & Flat -------1st M__ 200,000 4H F-A Ju ly 1 1941
250,000 5 A-O
April 1 1941
12,500
Brooklyn H eights R R \
first m ortgage 1891. . / People’s T ru st Co., B rooklyn, T rustee.
Brook Queens Co & Subl e 3,500,000 5 g J-J
July 1 1941
175,000
first m ortgage 1894/ G uaranty T rust Co., New Y ork. T rustee.
5 g„ AI-N ’ July 1 1941
F irst cons M guar p«fc 11 2,884,000
. .
144,200
(end.) $4,500,000*94/ Central T rust Co., New Y ork, T rustee.
Jam & B R R first'
240.000 5 g J-J Jan 1 1930
12,000
m ortgage 1889------ C entral T rust Co.. New Y ork, T rustee.
Sea Beach Ry first m ort
650.000 4 g AI-S Sept 1 1916
26,000
guaranteed 1896------- , YV. M. G rlnnell, YV. O. P la tt <& YVm. Alan. T ru st.
Brooklyn Union Elcv 1st 16,000,000 5 g F-A Feb 1 1950
800,000
m ortgage 1899, g uar. Interest a t C entral T ru st Co., N . Y ., T rustee.

20

ELECTRIC RAILWAYS

STOCK AND BONDS. Outstand’e. Interest. M aturity. A nn .ch yes.
Kings Co Elev first m ortl $7,000,000 4 g F-A Aug 1 1949 $280,000
$7,000,000 gold ($1,-[interest a t C entral T ru st Co., N . Y ., T rustee.
000) guar 1899..........cj
Nassau El RR Co cons Ml 11,456,000 4 g J -J Jan 1 1951
458,240
bonds ($1,000) c*& r[ G uaranty T ru st Co., New Y ork, T rustee.
$15,000,000_____ 1898J Bonds guar by end by Brooklyn H eights R R .
F irst m ortgage bonds]
660.000 5 A-O
A pril 1 1944
33,000
1894 ........................H am ilton T ru st Co., New Y ork, trustee.
A tlantic Ave general] c2,241,000 5 g A-O April 1 1931 112,050
m ortgage gold 1891 f
Brooklyn T ru st Co., T rustee.
A tlantic Ave Im provl
220,000 5 g J-J Jan 1 1934
11.000
$220,000 gold 1894.J C entral T rust Co., New Y ork, T rustee.
6B B & W E first m o rt\
250,000 5 A-O
Jan 1 1917
12,500
S e r B ...........................J T itle G uarantee & T rust Co., T rustee.
B B & W E general] 121,000 5 g A-O Oct 1 1933
6,050
gold, 1893................. / Franklin T rust Co., New Y ork, trustee.
Rental payments in addition to paym ent of fixed charyes—
Brooklyn C ity R R stock $12,000,000 10% Q -J 15, 999 y e a rs .. $1,200,000
Prospect P ark & Coney Island R R ., yearly ren tal................. .........
45,000
* Subject to call July 1 1016.
a Subject to call In 1916.
b Subject to call a t any tim e.
c A tlantic Avenue general m ortgage 5s of 1931 were subject to call In
1909, b u t m any of them (how m any Is not known) have been stam ped
releasing them from th e liability to call.
d The C entral T rust Co. of New York w as trustee of th is m ortgage until
O ct. 1903, when the Colonial T rust Co. (since consolidated w ith the T rust
Co. of America) was substituted.
e Includes $2,000,000 held by Brooklyn R apid T ran sit Co.
x E ntire am ount owned by Brooklyn R apid T ran sit Co.
y N ot Including $1,627,000 owned by B. R . T . system .
z N ot Including $16,639,000 owned by B. R . T . system .
stock.— In th e reorganization of L. Isl T rac. the old $30,000,000 stock
paid an assessm ent of $10 per $100 share, th e old stock being reduced to
$20,000,000, and $7,000,000 of 5 % bonds being authorized, against
$3,000,000 of Long Island T raction.
D ividends.— F irst d lv., 1% , paid April 1 1909; Ju ly , 1% ; O ct., 1% . In
1910, 4 4 % ; In 1911, 5% ; In 1912, Ja n ., 1 4 % .
Interest on Bonds, Where Payable.— Interest on th e Brooklyn R apid
T ransit m ortgage of 1902 for $150,000,000 and the tw o Elevated Issues Is
payable a t the C entral T rust Co.; on th e B. R . T . Issue of 1895 at the
T rust Co. of America; on the Brooklyn City R R . refunding bonds at com ­
pany's office; on the Nassau Electric bonds, Including A tlantic A venue and
W est End Issues, a t the T ru st Co. of America: on the Brooklyn H eights (list
m ortgage at the People’s T ru st Co., Brooklyn; on the Brooklyn Queens
County & S uburban m ortgages and the Jam aica & Brooklyn first m ortgage
at the Long Island Loan A T rust Co., B’klyn; and on the Sea Beach 1st m tg.
at the Sea Beach R y. office, 85 Clinton S t., B’klyn.
Mortyaye for $150,000,000.— Stockholders authorized March 20 1902
first refunding 4% gold convertible bonds for $150,000,000. $59,­
356,000 Is Intended to retire all the existing bonds of the system (Including
the $7,000,000 Brooklyn T ransit 5s), and th e rest for Im provem ents,
additions and new acquisitions, as needed from tim e to tim e. The m ortgage
provides th a t a fund of $5,000,000 In bonds or th eir proceeds be a t all times
a t the disposal of the com pany for th e purposes m entioned. See V . 74
p. 377. As this fund Is reduced for any of the purposes authorized,m ore
bonds m ay be authenticated by trustee and delivered to the com pany on
Its order. These bonds can be converted Into stock, par for par, before
July 1 1914, and are subject to call on any Interest day until year 2000 a t
110 and Interest; after th a t a t par and Interest. See listing applications In
V. 81, p. 1856, 1857, for list of securities pledged for the bonds; also listing
applications In V. 82, p. 517; V. 83, p. 1122; V. 85. p. 1523; V. 86, p. 923,
and V. 90. p. 786.
Bonds.— Of the $7,000,000 50-year gold 5s of the Brooklyn R apid
T ransit, $3,000,000 w ent to stockholders for the assessm ent. For descrip­
tion of property covered by the m ortgage, see V. 62, p. 1138. See also
application In V. 67, p. 004.
Brooklyn City R R . m ortgage of 1891 Is for $6,000,000 and Is a first lien
on the old Brooklyn City road and a consolidated lien on the lines acquired
by consolidation In 1890. Of the $6,000,000 Issued, $4,373,000 are In the
hands of the public and the balance Is held In the g uaranty fund.
Stockholders of Brooklyn City R R . Ju ly 10 1906 authorized a new m ortfor $6,925,000 to provide for refunding. V. 82, p. 1437. These
Bage
onds are subject to call after Ju ly 1 1915 a t 110 and Interest.
The to tal authorized Issue of first consolidated m ortgage gold 5s of the
Brooklyn Q ueens County & Suburban R R . Is $4,500,000, of which $1,616,­
000 are reserved for extensions, on which they will be a first lien. Of the
$2,884,000 outstanding. $2,255,000 In 1898 were endorsed w ith th eg u aran ty
of the Brooklyn H eights R R . Co. as to principal and Interest, and In Jan.
1899 provision was m ade for guaranteeing th e rem ainder of th e paym ent of
$10 per bond. Both B. Q. C. & S. loans are subject to call In 1916.
Tne Sea Beach R y. 1st 4s also are guaranteed as to principal and Interest
by the Brooklyn Rapid T ransit Co. V. 65, p. 1219.
T he Nassau Electric bonds are guaranteed (by endorsem ent on each bond)
by the Brooklyn H eights R R. Besides covering th e m ileage directly owned
they are a lien by a supplem ental agreem ent upon th e stock of th e Coney
Island & G ravesend R y. and the Sea Beach R y. and will become a direct
lien on these lines should the la tte r become m erged In th e Nassau Electric.
Of the total of $15,000,000 bonds authorized, the unissued rem ainder
($3,544,000) Is for prior liens. See listing application In V. 72, p. 342.
M ILEA G E.—T he system Includes:
2d
SUiinos, Total
Is*
A c.
miles.
Nam e—
Track. Track.
0.108
4.183
1.851
Brooklyn H eights R R ---------------------- 2.134
23.564 228.391
104.870 09.957
Brooklyn City R R ......... .................
3.223 61.765
Brooklyn Queens Co. & Suburban RR. 29.637 28.905
10.337 143.155
N assau Electric R R ------- --------67.233 65.585
7.020
1.753 15.793
Sea Beach R ailw ay--------------------------- 7.020
7.486
3.188
.348
Coney Island & Gravesend R y --------- 3.950
1.184
5.669
3.301
South Brooklyn R ailw ay------------------ 1.184
8.460 25.663
7.802
Prospect Park <56 Coney Island R R .. 9.401
Brooklyn Union Elevated R R .—
5.802 62.796
Elevated lines____________________ - 28.511 28.483
7.648 19.038 34.334
Surface lines______________________ 7.648
Canarsle R R .—
1.476
.738
E levated lines------------------------------- .738
2.414
.687
5.515
Surface lines..........- ..............— -------- 2.414
Trackage on N. Y. & Bklyn. Bridge—
1.762
.231
3.755
Elevated lin e s ------------------------------- 1.762
1.707
3.509
Surface lines— ...................................- 1.802
1.538
2.741
Trackage on C. f. & Brooklyn R R — 1.203
—
Trackage on W llllam sburgh Bridge—
1.635
3.270
Elevated lin e s ------------------------------- 1.635
1.741
.218
3.700
Surface lines--------------1.741
T otal miles operated______________ 272.883 263.158 77.160 613.201
E Q U IPM EN T, Ju ne 30 1911.—Closed cars, 1,124; open cars. 910 con­
vertible, 671; sem i-convertible, 757; m iscellaneous, 461. T otal, 3,932.
R E P O R T .—The annual report for 1910-11 will be found In V. 93, p. 793.
Passengers carried during the year ended Ju ne 30 1911 am ounted to 571,­
881,446, an Increase of 2,442,673 over previous year.
IN C O M E A C C O U N T B R O O K L Y N R A P ID T R A N S IT A N D CON­
S T IT U E N T C O M P A N IE S — Y E A R E N D IN G J U N E 30.
1909-10.
1910-11.
Revenue f rom Operations—
..$21,716,486 $20,746,876
T ran spo rtatio n _________________________
232,639
..
270,057
M iscellaneous ..................................................
..$21,986,543 $20,979,515
" T o ta l...............................................................
Expenses—
$1,423,108 $1,384,581
M aintenance of w ay___________________
2,070,814
. . 2,125,580
M aintenance of equipm ent. ______ ______
1,498,712
. . 1,339,552
O peration of power p lan t............................
4,994,463
. . 5,298,863
O peration of cars________________ _____ _
921,538
. . 1,043.585
D am ages and legal expenses___________
689,522
..
707,368
General expenses — ......................................
..
227,004
174,289
F reight and m all expenses...........................
3.192
1,306
A m erican Railw ay Traffic Co. expenses
1,454,213
. . 1.465,535
T axes..........- -----------------------------------------$13,631,901 $13,191,324
T o ta l................................................................




(V O L . LXXXX1V,

1910-11.
1909-10.
N et e arn in g s.............................................................. .........$8,354,642
$7,788,191
O ther In c o m e ...................................................................
297,524
278,814
T otal Incom e............
. $8,652,166 $8,067,005
Fixed charges (n et)___
5,455 410
. 5,503,687
S u rp lu s _____________
. $3,148,479 $2,611,595
108,560
Special appropriations
88,535
D iv id en d s____________
1,906,286
%)2,242,690
B alan ce................................ ........................................... $817,254
$596,749
• O F F IC E R S .— Pres., T im othy S. W illiams; C hairm an of B oard, A . N .
Brady; V .-P. and T reas., C. D. Mcneely; V .-P. and Gen. M gr., J . F. Calderwood; Sec., J . H . Bennington; Com p., H ow ard A bel. Offices, 85 Clinton
S t., Brooklyn.
IN D E X .— V. 90. p. 166, 302, 502, 558, 625, 696, 770, 786, 976, 1044.
1238, 1295; V. 91. p. 516. 529, 1511, 1710; V. 92, p. 117, 259, 394, 593,
1177, 1635, 1701; V. 93, p. 43, 228, 285, 526, 793. 812.
COM PA N IES C O N TR O LLED BY BRO O K LY N R A PID T R A N S IT CO.
(1) Brooklyn Union Elevated R R ,— Form erly a steam road, now electric.
O RG A N IZA TIO N .— Organized on Ja n . 30 1899 as successor of the
Brooklyn Elevated R R and Its allied lines per plan In V . 64, p. 609. Em ­
braces the Kings County Elevated R R ., reorganized according to plan In
V. 68, p. 724, th e Sea View R R . and th e Brooklyn & Brighton Beach R R .
In Ju ne 1911 th e Brooklyn R apid T ransit owned $12,530,031 common
and $4,785,485 preferred stock of the Brooklyn Union E levated
Lease.—Leased to Brooklyn H eights R R . for 999 years from Ju ly 1 1901;
the lessee agreed to pay organization expenses, taxes and fixed charges, and
as rental all net earnings, such net earnings not to be less th an $150,000 per
annum the first three years, $200,000 the next tw o years and $250,000 per
annum thereafter. Lessee also agreed to guarantee, principal and Interest,
all bonds of the Brooklyn Union and Kings C ounty Elevated R R . com ­
panies, the guaranty to be stam ped upon the bonds upon presentation. In
Feb. 1902 began stam ping bonds w ith guaranty. Certain days each m onth
are designated for stam ping. See V. 02, p. 117. In March 1907 lease was
terminated, but the lease yuaranty remains unim paired. See V. 84, p. 569.
In Ju ne 1907 a 10-year m tg e.fo r $20,000,000 was authorized, but In July
1008 Public Service Commission refused to approve m tge. See V. 87, p.224.
The m tge. was sim ply to secure certificates of Indebtedness given to the
B. R . T . for m oneys advanced from tim e to tim e. V. 84, p. 1181, 1246, 1550.
STOCK AND BON DS— Date. Interest. Outstandlny. M a tu rity,Ac
Com stock, $13,000,000,($100) ____ ............ $13,000,000 Dec’l l ,2 4 %
Pref stk , 5% n-c, $5,000,000,1 ____ ............... 5,000,000 D ec’l l , 2 4 %
($100)--------------------- -------- f
1st M,..............................................,
$16,000,000. g, 4% ) 1899 5 g F-A 16,000,000 Feb 1 1950
till ’05, then 5 % ($1,000) ../in te r e s t a t C entral T rust Co., N . Y ., T rustee.
Kings County Elevated 1st Ml 1899 4 g F-A
7,000,000 Aug 1 1949
gold, $7,000,000 ($1,000) c* / Interest at C entral T rust Co., N . Y ., T rustee.
Both Issues of bonds are listed on N . Y. Stock Exchange.
R O A D .— The Brooklyn Union em braces 62.796 miles of elevated track
and 34.334 miles of surface track . T otal. 97.130 miles. T he New York &
Brooklyn Bridge has 7.264 miles of track In addition.
On July 1 1898 the operation of th e Bridge railroad was com m enced.
See term s of contract In V. 67, p. 27. 426. In April 1898 an agreem ent
was m ade wJth Long Island R R . providing for Joint construction of connect­
ing line at E ast New York and running of through trains from Jam aica to
Brooklyn Bridge and from R ockaw ay P ark to Broadw ay ferries. Con­
struction begun In Nov. 1898 and work com pleted In F eb. 1899. V. 67,
p .1054. On May 30 1903 through service by elevated trains (not Long
Island R R . trains) from Broadw ay Ferry to Jam aica was Inaugurated;
but In N ov. 1903 the Board of Aldermen passed an ordinance prohibiting
the operating of electric trains on Jam aica A venue, and the next m onth
through service was discontinued.
D IV ID E N D S.— The first dividend of 2 % on the preferred stock was paid
June 29 1901; In 1902, 3% ; In 1903, 3% ; In 1904, 3 4 % ; In 1905, 4% ; In
1906, 4 H % ! 1907 to 1911 incl., 5% per ann . On com .— ls td iv .— 5% paid
Ju n e 10 1910; Deo., 2 4 % . In 1911, Ju ne, 2 4 % ; Deo., 2 4 % .
A N N UA L R E P O R T .— For year ending Juno 30 1911, gross, $7,978,983;
n et, $3,946,986; other Income, $112,093; charges, $2,486,910; surplus,
$1,572,169.
O FF IC E R S.— P res., Jo hn Englls; V .-P. and T reas., C. D. Mencely;
V .-P., J . F . Calderwood; Com p., H ow ard Abel; Sec.. J . II. B ennington.—
V. 77, p. 2389; V. 79, p. 268; V. 84. p. 1247; V. 90. p. 1295.
(2) Nassau Electric Railroad,—A trolley road.
O R G A N IZA TIO N .—C hartered March 13 1893 under the laws of New
York. Opened In July 1895 and In April 1896 leased the A tlantic Avenue
R R .. Ac. As stated above, the R apid T ransit Co. owns $8 ,-99,700 out of
the $8,500,000 com mon stock of the N assau Electric and $6,367,075 o ut
of the $6,500,000 preferred stock.
I.ease.— Was form erly leased for 999 years from April 1 1900 to Brooklyn
H eights R R ., but colncldently w ith a decision com pelling the Issuance of
transfers from one leased line to another (V. 79, p. 102) the lease was te r­
m inated on June 30 1904. For still another decision as to transfers, see
V. 82, p. 1323: also V. 85, p. 404.
t„
The assets of th e Kings County T raction Co. w ere purchased a t public
sale In Ju ly 1898 by the syndicate conducting the consolidation. V. 67,
p. 74, 125. Certificate of m erger of A tlantic Avenue R R . and U nited R R .
(the la tte r being successor to the Brooklyn Cable Co. sold a t foreclosure
Dec. 23 1897) was filed on Jan . 26 1899. V. 68, p. 283,821.
In Juno 1907 a 10-year m ortgage for $5,000,000 was authorized to secure
certificates of Indebtedness Issued from tim e to tim e to the Brooklyn R apid
T ransit for advances m ade for Im provem ents, &c , b u t In Ju ly 1908 the
Public Service Commission denied application for approval of m tge. V. 84,
p. 1181 1240 1550 V. 87 D. 224.
STOCK AND BONDS.
Date. Interest. Outstandlny M aturity.
Common stock $8.500.000...............................................$8,500,000 ............ .........
Preferred 4 % cum $6,500,000............
M-N
6,500,000 N ov.’l l , 2 %
Bonds.—F or details sco R apid T ransit statem en t above.
R O A D .— Em braces 143.155 miles of single track .
A tlantic Avenue R R . (now part of Nassau Electric) owned the double
track steam road (since converted to electricity) from Janinlra to F latbush
Avenue Station In Brooklyn. 9 4 miles (19 n lies of track ), which Is leased
for 99 years from Ju ne 1 1877 to the Long Island R R . C o., affording th at
com pany entrance Into the city of Brooklyn rental, form erly a percentage
of receipts, was changed In 1895 to $6(),ooo yearly. V 61, p. 828. L iti­
gation no* arisen w ith Long Island P R with reference to use of A tlantic
A venue. See V. 74. p. 1139. In O ct. 1910 N. Y. C ourt of Appeals decided
th a t the city had the right to tear up rails, b u t city has taken no action
looking to the exercise of th e right.
D IV ID E N D .— First dlv. on pref. under lease was paid Dec 31 1900,4% ;
1901 to 1907 Inel., 4% per annum ; In 1908, N ov., 2% ; In 1909, N ov., 2% ;
In 1910, M ay, 2% : N ov., 2 %; In 1911, M ay, 2% ; N ov., 2% .
ANN UA L R E P O R T .— F or year ending Ju ne 30 1911, gross, $4,439,829
net. $1,370,583; other Income, $144,134: charges, $1,251,189; surplus.
$263,528. V. 72, p. 240. 339, 342; V. 82. p. 1323.
(3) Prospect Park & Coney Island RR —A trolley road.
O R G A N IZA TIO N .— Controlled by Long Island R R ., b u t on June 17
1899 the Brooklyn R apid T ransit Co took possession under a lease for 099
years to the Brooklyn H eights R R . and equipped the road electrically.
(V. 68, p. 1224; V. 69, p. 654.) In F ib . 1907 this lease w as assigned to
the South Brooklyn R y. V .8 4 ,p 569. R ental was $40,000 per annum and
expenses until 1909, when am ount Increased to $45,000. In consideration
of a guaranty by Long Island R R .. annual Interest on the greater p art of
Prospect P ark & Coney Island’s bonded debt has been reduced from 6 and
7% to 4 4 % . See V. 56. p. 42; V. 62, p. 187. $172,600 stock, all the 2d
M. 6s, $171,200 of Income 6s and $80,000 of 1st M. 6s are owned by L . I. R R .
M aturity.
STOCK AND BONDS.
Date. Interest. Outstandlny.
$250,000 ......................
Stock $100.......................... - - .................. .................
340.000 Feb 1 1926
Second m ortgage now first! 1886 4 4 F-A
160.000 Feb 1 1926
($1,000 each)..................c+&ri 1886 6 F-A
96,000 Mch 1 1931
Third m ortgage (now second)] 1891 4 4 ? M-S
104.000 Mch 1 1931
gold ($1,000 each) — c*& rj 1891 6 M-S
Interest on above"m ortgages payable a t U. S. M ortgage & T rust Co.. N. Y.
Incom e bonds non-cum --------- 1880 6 M-N
250,000 May 1 1920
Bills payable June 30 1909................... ....................
430,500 ......................

J an ., 1!)12.j

ELECTRIC RAILWAYS

ROA D.— Em braces 25.663 miles of single track.
EA R N IN G S.— Now Included In those of Brooklyn Rapid T ransit. The
Prospect Park & Coney Island received as rental from Brooklyn H eights In
y ear ending Dec. 31 1010, $45,000; other Income, $45,440; to tal, $90,440;
interest, taxes, &c., $68,738; surplus, $21,702.
C O N E Y IS L A N D & B R O O K L Y N R R .

21

secured by deposit of entire stocks of the Eric City Pass. R y. and the Erie
R eed P ark & LakesIdeSt. R y. A sink. fd. of 1 % an n . on these bds. began
April 1 1906 and will be Increased to 1 4 % In 1916. The H am burg R y.
bonds w ere subject to call on or before Nov. 1 1911 a t par and Int. The
D unk. & F red. ref. m tge. bonds are subject to call on any Int. d ate a t 103.
N iagara & E rie 1st M. bonds are subj. to call, any or all, on any in t. day
a t 105. Sk. fd. from Ja n . 1 1916, 1 4 % of bonds a u th . Bonds are guar.,
p .. 1. & sink. fd.. by Buff. & Lake E ric T rac. and N iag. Lockp. & O nt.
Pow . Co., one-half each. V. 92, p. 530.
R O A D .— O perates 81 miles of track from Erie through N ortheast to
W estfield, Including city lines In Erie. Also the Jam estow n C haut. & Lake
Eric from W estfield to Jam estow n, 37 4 miles. Also 3 miles In D unkirk
(owned by D unkirk S t. R y.) and 4 miles form erly owned by the D unkirk &
Fredonla. Also 15 miles from Buffalo to H am burg. T otal track , 147 m .
The gap between H am burg and D unkirk (about 33 m iles), which com pletes
a through line betw een Buffalo, N. Y ., and E rie, P a., was p u t In operation
In Dec. 1908. E nters Buffalo over tracks of the Buffalo & L ackaw anna
T raction Co., which see below. Grand total of track , 172.72 m iles.
O FF IC E R S.— Pres.. Geo. Bullock; Ch. of B d., Jo s. B. M ayer; V .-P ., J . C
Callsch; Sec. and A sst. T reas., P . C. Schutrum , N . Y.; T reas., M. J. Dodge,
A
°*» J a s - A - Bym e: Gen. S up t., J . S. P cvear. V. 86, p. 980; V. 88
p. 293, 100 1 ;V. 92, p. 525.

O R G A N IZA TIO N .— C hartered Dec. 10 1.860. Cars commenced running
over the Brooklyn B ridge Feb. 15 1808. See V. 66, p. 383.
Brooklyn City & Newtown was leased In Nov. 1807 for 099 years. In
1900 acquired all the stock of th a t com pany, b u t legal proceedings complctlng m erger with Coney Island & Brooklyn were not ellcctcd until 1910.
;
8 I ° I ° and Ju ly 30 1910 P ub. Ser. Comm, sanctioned the Issues
of $151,000 and $490,000, respectively,of 1904 consol, m tge.bonds for Im­
provem ents, &o. V. 90, p. 697; V. 91, p. 336. Being unable to sell these
bonds, P ub. Scr. Comm, in Jan . 1911 a u th . the Issue of $500,000 notes (see
below) secured by pledge of $625,000 of aforem entioned bonds. V. 92, p. 59.
STOCK AND BONDS.
Date. Interest. Outstanding. Last dlv. ,&<
Stock $3,500,000 (par $100).
Q .-F.
$2,983,900 Feb 07, 2%
First consolidated m ortgage! 1898 4 g J-J
2,000,000 July 11948
$2,000,000 gold___________/ M ercantile T ru st Co., New Y ork, T rustee.
Consol m ortgage $10,000,000) 1904 4 g J-J
1,500,000 Jan 11955
gold ($1.000)------- -------- c*J M ercantile T ru st Co.. New York, T rustee.
(1)
B u ffa lo & L a ck a w a n n a T ra ctio n C o .
18,000 Aug. 1 .*12-14
Car trust bonds $30,000 ____J 10 0 8 6% F-A
—V. 86, p. 420. 480.
Interest a t Brooklyn T rust Co.
O RG A N IZA TIO N .— Incorporated In New Y ork In Ju n e 1906 to furnish
Coll g notes $500,000 ($1,000) 1911 6 J-J
500,000 Jan 1 1914 an entrance Into Buffalo for Buffalo & Lake Erie T rac. Co. In A pril 1909
v
E quitable T rust Co., N. Y ., trustee.
was leased to Buffalo & Lake Erie T rac. for 999 years. In Mch. 1909 Public
Brooklyn City & Newtown! 1889 5 J-J
2,000.000 July 1 1939 Service Comm, approved m ortgage for $1,500,000. Stock $100,000 (V. 88,
llrst m ortgage $2 0 00 ,00 0 -/Interest a t M ercantile T ru st Co. N . Y Trus. P* 748>’ al1 owned by Buff. & Lake Erie T rac. Co. H as universal transfers
R eal estate m ortg ag es----------- ---------- 5%
288,062 _____
throughout city of Buffalo through contract w ith Internation al R y. Co.
Bonds.— Of the new $10,000,000 bonds. $4,000,000 are reserved for prior
, D ate* Interest. Outstanding. M aturity.
liens, $625,000 arc pledged under coll, gold notes of 1911 and $3,875,000 are is« tBONDS.*—
m tge ILSOO,000 g old ----- 1908.
5 g J-D $1,000,000 D ec.l 1928
reserved for extensions and Im provem ents. No sinking fund and bonds
($1,000)
g
u
a
r........................c
lln
t. a t New York T ru st Co.. T rustee.
cannot be called. Notes are subject to call a t 101.
,
Bonds are subject to call on or before De6. l 1913 a t 110 and Int. T hey
have no sink. fund. R em aining bonds arc reserved for betterm ents an d
ROAD.— F irst track. 24.14 miles; 2d track , 22.51 miles; mlsc. track, 2.10 ex
tens. a t 85% of cost. Bonds g uar., p. & 1., by Buff. & L . E rie T rac Co.
miles; total operated. 48.75 miles. 479 passenger and 31 other cars.
Fares.— Beginning May 5 1901 fare to Coney Island on Sundays and holi­ V. 90, p. 235.
days was Increased from 5 to 10 cents. On Aug. 31 1908 fare on week days
RO
A D1909.
.— Is a double-track road about 4 4 miles long. Began operating*
was also raised from 5 to 10 cents. V. 87, p. 613. On July 3 1909 Public Dec. 22
Service Comm, held th a t com pany Is Justlllcd in charging a 10-cent fare on
O
FF
IC
E R S.— Pres., Jos. B. Mayer; V .-Prcs., A. T . Cole and J . C. Callsch;
S aturdays, Sundays and holidays, b u t th a t a 5-ccnt fare on other days Is
sufficient. No order, how ever, reducing fares was m ade. V. 89, p. 102. Sec., J . A. Byrne; T reas., P . C. S chutrum . V. 88, p. 293, 748; V .90, p. 235.
On Mch. 11 1910 the A ppellate D lv. of the Suprem e Court affirm ed a de­
B U F F A L O SO U T H E R N R Y . C O . —A trolley road.
cision dismissing a su it to collect a penalty for charging a 10-ccnt fare to
O RG A N fZA TIO N .—Incorporated In New York on Aug. 26 1904 and is
Coney Island. V. 90, p. 771. On Ja n . 10 1911 the P ub . Scr. Comm, dis­ a consolidation
of the Buffalo H am burg & A urora R y. and the Buffalo
missed the com plaint against com pany to compel a 5-ccnt fare on all days Gardenvllle & Lbcnezer
R y. V. 79, p. 2146. Franchises perpetual. Has
except S aturdays, Sundays and holidays. V. 92, p. 117. In Ju ly 1911, trackage rights In Buffalo
over tracks of the International T raction Co
along with the B klyn. R ap. T ran ., p u t Into clTect betw een Aug. 1 and O ct. 1
a 5-ccnt fare to Coney Island between 6 a . in. and 9 a . m . and a return faro
STOCK AND BONDS— Date. Interest. Outstanding. M aturity.
Stock $2,000,000 ($100)..................................... ......
$547 20 0
of 5 cents betw een 2 p. m . and 4:30 p. m .
m tge, $2 000,000, gold ( 1904 5 g A-O 15 600.000 Oct 15'1934
D IV ID E N D S.— In 1895, 6% ; in 1896, 5% ; In 1897, 6% ; in 1898 S ^ % . 1st($1,000)----------------------c*<Int. a t Seaboard N at. Bank, N. Y , or at
V. 67, p. 955. In 1899, 10%; in 1900, 10%; In 1901, 1 3 4 % ; In 1902,
__ ____
„
„ .
'F idelity T rust Co.. Buffalo. T rustee.
16% .; In 1903, 16% ; In 1904, 16%; In 1905, 10%; In 1906.8 %; In 1907.
BO N D S.— No s. f.. b u t from $50,000 to $100,000 bonds are subject to call
F eb., 2 % .- M ay dividend passed. None since to Ja n . 1912.
at
110
and
Int.,
on
any
in
t.
date
upon 3 m onths’ notice. $1,400,000 bonds
R E P O R T .— For years ending Ju ne 30:
for future extensions and equipm ent.
12 M os.
Gross.
Net. Oth.Inc. Jnt.taxes, JcC. B al.sur. reserved
EA
R
N
IN
G
S.—
For
year
ending
June 30 1911, gross, $72,856. In 1909­
1910-11....................
$1,538,003 $555,995 $25,955 $400,814 $181,136 10, gross, $65,767.
1909-10______
1,470,672
458,841 2,026 369,090 91,777
1908-09...................
1,479,173 471,887 12,767 308,921 175,733
RO A D .—O perates from Buffalo to H am burg, blast H am burg and O r­
Park 15 4 miles; also has a line from Buffalo through G ardenvllle
O FFIC E R S. Pres., S. W . Huff; 1st V .-P., VVm. N. D ykm an; Sec. and chardEbenezcr
to Lien’s P ark, 5 4 miles. An extension to blast Aurora
T reas., D. B. Cannon; A nd., Elm er M. W hite. V . 89, p. 102, 1068, V. 90, and
15 miles, Is under construction, 5 4 miles com pleted. 60-lb. T and 80-lb.
p. 697, 771; V. 91, p. 336, 1629; V. 92, p. 59, 117; V. 93, p. 1105.
girder rail.
O FF IC E R S.— Pres., W m . M. G riffith. New York; V .-P., Geo. F. W ells,
VA N B R U N T S T R E E T & E R IE B A S IN R R . — A trolley road.
O RG AN IZA TIO N, &c.— C hartered Feb. 15 1861. Stock, $200,000, all E ast A urora. N . Y.: Sec., II. M. Gear, Buffalo; Treas. & Gen. M gr., N. A.
Issued; par, $10. Bonds, $75,000 1st m tge. authorized; $31,000 o ut., B undy, Buffalo.— V. 86, p. 419.
T rack, 2.78 miles, changed to electricity In 1898. 6 pass. cars. For year
B U F F A L O & W I L L I AM S V I L L E E L E C T R IC R Y .
end. Juno 30 1 0 1 1 , gross, $44,834; net, after taxes, $13,613; other Income,
Proposed Consolidation. Sec under Buff. & Dcpew R y. above and under
$282; in t., &o., $1,950; balance, $11,945.
Buff. B atavia & Roch. R y. In V. 93, p. 1785.
*
O FF IC E R S.— P res., John F. M urphy; V .-P., D. W. Sullivan; Sec. and
O RG A N IZA TIO N .— C hartered Aug. 10 1891. In M ay 1904 authorized
T reas., W yllys T erry. Office, 264 Van B runt S t.. Brooklyn, N. Y
capital was Increased from $75,000 to $3,500,000, and in Ju ly 1904 a new
m ortgage for $3,500,000 was m ade to provide for extension to R ochester.
STOCK AND BON DS— Date. Interest. Outstanding. M aturity.
BUFFALO, N. Y.
Stock
($3,500,000 authorized) ...............................
$75,000 ...............
BUFFALO & DEPEVV R Y . —A trolley road.
1st m tge, $3,500,000, goldl 1904 5 g J-J
127.500 Ju ly 1 1944
t$500 and $1,000)-------------(In t. a t Com monwealth T r. Co., Buffalo, T ru st
Proposed Consolidation.— In Dec. 1911 application was m ade to P ub. Scr.
Bonds.—Are subject to call on any Interest date a t 105.
Com m ., 2d D lst., to consolidate this com pany, the Buffalo & W llllamsvlllc Lleo. Ry. and the projected Bulf. Genesee Roch. R y. under th e
E A R N IN G S.— F or cal. year 1910, gross, $42,272. In 1909, gross, $39,839.
nam e of Bull. B atavia & Roch. R y .,a n d to Issue $3,000,000 1st M. bonds,
RO A D .—4 4 miles of track. Buffalo to WllllamsvlHe. An extension from
$1,000,000 pref. and $2,500,000 com . stock, w ith a view to form ing a line W llllamsvllle
to R ochester. 60 miles, Is contem plated; has been com pleted
from Buffalo to R ochester. It Is proposed to exchange stock of present
village of B atavia. Perm ission to build rem ainder has been granted by
com panies for stock of new com pany, $ for $. Sec under Buff. B atavia In
R ailroad Com missioners. Ralls 80-lb. T and 90-lb. grooved girder.
& Roch. R y. In V. 93, p. 1785.
O FF IC E R S.— Pres.. L. L. Lewis Jr.; V .-P. and Gen. M gr.. L. L. Grove;
O RG A N IZA TIO N .— Incorporated on April 27 1897. The Investm ent
Co. of Philadelphia owns about three-fourths of the stock and the entire Sec., Godfrey Morgan; T reas., L . K . W arnick.— V. 84, p. 1306.
$350,000 bonds.
T R A C T IO N A L C O . O F N E W J E R S E Y .
In June 1907 R ailroad Commission granted perm ission to the Buffalo
Goncsseo «& Roch. R y. to build an extension from Depew to R ochester.
O RG A N IZA TIO N .— Incorporated In New Jersey on Aug. 9 1905 and
Certain am ount of grading com pleted, b ut no track laid up to S ep t. 1911.
acquired $7,030,000 of the $10,000,000 common stock of the International
Traction Co. through exchange of stock—100 shares of International stock
STOCK AND BONDS— Date. Interest. Outstanding. M aturity. for
one share of 'Fractional Co. stock. See V. 81. p. 728. A uthorized
stock , $350,000 ($100)..................................................
$305,000 ...............
$100,000, of which $50,000 Is outstanding. No bonds.
Buff & I) 1st m tge, $350.000.. 1901
5 J-J
350,000 Jan 1 1 651 stock,
O FF IC E R S.— Pres., Nelson Robinson: Sec. and T reas., Chas. E . Rich­
Loans payable June 30 1911......................................
119.533 ................. .. ards,
15
Exchange PL. Jersey City, N . J .— V. 81, p. 728.
EA R N IN G S.— Y ear ending Juno 30 1911, gross, $18,071; deficit under
operation, $4,166; fixed charges, $19,800; total deficit, $23,966.
IN T E R N A T IO N A L T R A C T IO N C O .— T r o lle y .
ROA D.— O perates a double-track road from Buffalo to Dcpew, 13.59 . 0P ^ ault’ . I n t- <lue Ju ly 1 1910 and J a n . 1 1911 on coll, tru st m tge. of
miles of track; 60-lb. rail: 5 cars.
1899 was defaulted, but was subsequently paid, together w ith 5% Int.
O FF IC E R S.— P res., VVm. L . Nevln; V .-P., J . E rnest R ichards; See. thereon,
on Ju ly 1 1911 and Ja n . 2 1912, respectively. V. 93, p. 44. 1786.
and T reas., John J . Collier. V. 79, p. 2695.
A bondholders’ com m ittee has been form ed. A. H . Gillard, Sec., 23 W all S t.,
calling
for
deposit of bonds with J. P . M organ & Co.; V. 93. p. 1786. On
BU FFA LO & L A K E E R IE TRACTION CO.— A trolley road.
or about J a n . 1 1911 the International T rac. R ys. was lncorp. In N. Y. and
Sept. 1911 had before the P ub. Serv. Comm., 2d D lst., a petition In con­
O R G A N IZA TIO N .— Incorporated In New York and Pennsylvania In In
w ith the proposed reorganization plan. Sec V. 93, p. 731. The
Dec. 1906 and Is a consolidation of the H am burg R y., the D unkirk fc Fre- nection
new com pany expects to ultim ately acquire all the stock and property of Indonla R R ., the Buffalo D unkirk & VVestern R R ., the Lake Erie Electric tern
at.
R
(sub. to Its prior mtges.) and Issue a new m tg., consisting of
Traction Co. and the Erie R apid T ransit Co. Leases the Erie Electric two scries,y.toCo.m ature
not earlier than Ju ly 1 ’49: Scr. I. 4% bonds, to be ex­
#°
*or 999 years, which com pany leases the Eric City Passenger Ry.
$ for $, for old c o ll.tr.4s, Ser. II. 5% bonds, for o th. purposes See
for 099 years from O ct. 1 1888 and the Erie Reed Park A Lakeside changed,
plan, V. 90, p. 1675, and modification of plan, V. 92, p. 261. T hrough ar­
r i ' r yn. Un\ 9?.9 years from M arch l 1901. In 1909 leased the Buffalo & rangem
ents m ade by the bondholders’ com m ittee, m oney to pay the July
a ra c t- Co. for 999 years. V. 88, p. 1001. Also owns all the stock 1910 and
Ja n . 1911 coupons (subsequently paid by com pany, as noted
°f. «V.‘l\CO#nJ}a n fr a,,u f guarantees the bonds. Also owns all stock ($750,000, above),
also the Ju ly 1911 and Jan . 1912 coupons was advanced by J . P.
»
m*® i uni{Lrk S t. R y., which com pany has a franchise In D unkirk
and has built about 5 miles of track
M organ & Co. V. 91, p. 945; V. 92, p. 261; V. 93, p. 44. 1786.
■*
Pow,pr
Co. Is controlled
& LakeandE ric
RG A N IZA TIO N .—Organized on Jan . 18 1899 under N. J . laws and
T rac. Co. and the N iagara
Lookport
& O ntario by
Pow.th eCo.Dull.
Interests,
Its hasOacquired
all
the
electric
railw
ays
connecting
the
cities
of
Buffalo.
N
iagara
bonds arc guar., p ., 1. & sk. fd., one-half each, by these two com panies.
Falls, Lockport, N orth Tonaw anda and T onaw anda, together w ith all the
street railw ay system s In all of said cities: also the electric railw ay connecting
STOCK $5,000,000_______
AND BONDS— Date. Interest. Outstanding.
Common,
- — --- M aturity. the villages of Depew and Lancaster w ith Buffalo. It also acquired the
$5,000,000
Pref. 5% , $2,500,000 cum
Canadian Electric R ailw ay, traversing the entire length of th e Queen Vic­
toria N iagara Falls P ark and connected It w ith the American system by the
from July 1909 ......................
2,500,000 ...................... acquisition
1st and ref m tge. $12,000,­ _1906- 5- "g
of the steel arch bridge a t N Iaeara Falls and the Suspension
M-N
„
...
7,066.000
Nov
1
1936
000, g ($1.000)................... c* .........
.. a t New York T rust Co., T rustee. Bridge between Queenston and Lewiston, which bridges have been equipped
interest
Erie El M• -1st
m
tge,
$200.0001
1889
w
ith
trolley
tracks On O ct. 30 1905 acquired the entire $80,000 capital
, « I? J -J
148.000 Jan 1 1919
of the Electric City Ry’. In Ja n . 1907 organized F rontier Elec. R y..
($1,000)) —g o* ‘l d . . c / C e n~t r*880
a l T ru st Co., trustee. New Y oik City, stock
Erlo El Mf 2d m tge, $150,000] 1892 6 g J-J
102,000 Jan 1 1919 to build a line to connect with a proposed new bridge across N iagara R iver.
($1,000).
. T ru st Co.,
_ T rustee, New York C ity.
), g_________________
o ld .. . . . ------e/C cn tral
STOCK AND BONDS— Date. Interest. Outstanding. M aturity.
Erlo El M 1st ref sink fund! 1901 5 g A-O
1,000.000 April 1 1941
com mon. $10,000,000. ............................... $10,000,000 .........................
$1,250,000, gold ($1.000).[In te re st a t New York T rust Co., T rustee, Stock,
Pref, 4 % cum $5.000.000------ ...............................
5,000.000 ........................
Cannot be calle d .--------- c*J New York City.
Collateral tru st, $30,000,0001 1899 4 g J-J
18.335.000 July 1 1949
H am burg Ry 1st m tge, $750.-1 1906 4 g M-N
645.000 Nov 1 1926
($1,000), gold. c*. In te r-) G uaranty T rust Co.. N . Y .. T rustee. May
000, gold ($ 1 . 000 ) ................./I n t. a t T rust Co. of A m erica. N. Y .. T rustee.
a t J . P . Morgan & C o ..J be called a t 110 and Int. on any Int. date.
Dun & Fred ref M. $100,000,1 1902 5 g J-J
30?000 Ju ly 1 1952 Car-esttru
st certificates No. 2. 1' 9 0 6 4 4 J-D 15 270,000 1912-1916
----------------gold ($ 10 0 $500 & $ 1 , 0 0 0 ) j
Fidelity T rust Co.. Buffalo. T rustee.
($1.000).............c*(Com m ercial T ru st Co.. Phlla.. T rustee.
N iagara & Erie Pow 1st Ml 1911 5 J-J
510,000 J a n 1 1941 Car$600,000
tru
st certificates No 31 1907 6%
150.000 See text
$l,250,000g($l,000)gu p & IJG uaranty T ru st Co., New Y ork, T ru stee.
$250,000................................... /Com m ercial T ru st Co. Philadelphia, T rustee
Bonds.—Of the $12,000,000 new bonds. $2,100,000 are reserved to take
Bonds
and
Stock.—Of
the
$30,000,000
collateral
tru
st
m ortgage, $12,285,­
up a like a m t. of underlying liens. These new bonds are subj. to call on any
w ere originally reserved to take up an equal am ount of the underlying
Int. date a t 110 and Int. In t. on the 1st and 2d m tges. of tho Erie El. M otor 000
bonds
of
the
allied
and
controlled
com
panies
outstanding,
$620,000
Co. Is paid by K ountzo Bros., N . Y. The Erie El. M otor ref. bonds arc of th a t am ount has been Issued for th a t purpose, leavingand
$11,665,000



ELECTRIC RAILWAYS

22

still reserved. Car tru st certificates N o. 2 are secured by title to loO cars.
T hey fall due In sem i-annual Installm ents of 530,000 each from Dec. 1906 to
Ju ne 1916 inclusive. Car tru st certificates N o. 3 arc secured by title to 50
cars. They fall due In sem i-annual Installm ents of 512,000 M arch 1 and
513,000 Sept. 1 from March 1 1908 to S ept. 1 1917.
Franchises.— In June 1900 we were Informed th a t the m ajority ot the
franchises In Buffalo are practically perpetual, none In Buffalo or other cities
and towns having then an unexplred term of less than 40 years, ex ­
cepting only the Fillm ore Avenue franchise, covering an extension of 6 M
miles on the east side In Buffalo, which was lim ited to 25 years; also portions
of Franklin, Pearl, Genesee, W . Seneca, M organ, and W . Chippewa Sts.;
extension of M organ S t. or Elmwood A ve.. In the Terrace and College Place.
Consolidation or Constituent Companies.— On Feb. 20 1902 the Interna­
tional Railw ay C om pany was Incorporated In New Y ork w ith 510,120,500
stock and In A ug. 1902 this was Increased to 517.000,000, of which $16,­
320,500 has been Issued (all owned by the International T raction Co.), asa
consolidation of the fallowing com panies, whose shares had previously been
held by the T raction Co.; V. 74, p. 427.
Buffalo Railw ay Co. (after Buffalo T raction and Buffalo Bellevue
L ancaster had first been merged In the sam e).
Buffalo & N iagara Falls Electric Railw ay.
Buffalo & Lockport Railway (after Elmwood Ave. and T onaw anda Elec
trie Railw ay had been m erged).
Buffalo Tonaw anda & N iagara Falls Electric R R . Co.
Lockport & O lcott Railw ay.
,
_ ,,
N iagara Falls & Suspension Bridge Railw ay (after th e N iagara Falla
W hirlpool & N orthern R y. had been m erged In It).
N iagara Falls Suspension Bridge Co.
, . _ .
The Buffalo Railw ay owned the 52.860,000 stock of the Crosstown Street
R y. of Buffalo, and this passed to the International Railw ay Co.
On July 1 1902 the International Ry. Co. acquired by purchase the
N iagara Falls Park & River R y.. the Clifton Suspension Bridge Co., the
Lewiston Connect. Bridge Co. and Quecnston H eights Bridge Co. This
leaves the Crosstown S t. R y. Co. of Buffalo, the Electric City R y., the
Frontier Elec. R y. and Inter. R y. Co. as the only operating com panies, and
eventually (th at Is, as soon as the 5 1 , 0 0 0 ,0 0 0 Bulfalo R y. debentures se­
cured by 52,000,000 stock of the Crosstown S t. R y. are retired) the Cross­
town S t. R y. can also be m erged, th us leaving the International Railway
Co., the F rontier Elec. R y. and the E lectric City R y. the sole operating
com panies and th e International T raction Co. the holding com pany.
L ien s o f C on stitu e n t a n d O w n ed C om p a n ies.

BONDS—
Date. Interest. Outstanding. M aturity.
Buffalo E ast Side 2d m tg e ..,f 1882 6 M-S
5293,500 Sept 1 1912
lin t. Is payable a t Company s office, Buffalo.
Buffalo Ry 1st con m tgef 1891 5 Sf F-A
4,706,000 Feb 1 1931
(51,000) 53,000,000,g, c*«fcr{ In t. a t C os. office. Buffalo, E. VV. Clark A
ICo.. P hlla., or Merc. T r. Co., N. Y. Trustee
6 g A-O
1,000,000 April 1 1917
Buffalo Ry debentures, 51 M1897
etropolitan T rust Co.. New Y ork, Trustee
000,000 gold, red a t 105 Interest
a t com pany’s office, Buffalo, of
after April 1 1902 (5500 and M ercantile
T rust Co., New York.
51.000)R y R E m tge_______ I 1894 5 J-D
Biffialo
20 150,000 Ju ne 201914
( Can be paid a t par on any Interest date.
aT onaw anda Electric R R . 1st) 1895 4 A-O
, 40 000 April 1 1917
m t«re ................... .................... (In terest a t com pany’s office, Buffalo.
aTonaw
anda
S
treet
Ry
1st)
1892
6
J-J
\
m tge. 5250,000 ................... / Interest a t com pany ,s6()>9,09
office, Buffalo.
dCrosstown St R y 1st m tg e.g l 1892 5 g M-N 62,974,000 May 1 1932
(53,000,000), gii p & l--_ c * /ln t. a t M etropolitan T r. Co., N. Y. T rustee.
Buffalo T raction 1st mtge.X 1898 5 g J -D
673,000 Dec 1 1948
55.000.000 ................ 1____ /I n t. a t MetroDOlItan T r. Co.. N. Y. T rustee.
f 1897 5 J-D
215,000 June 1 1927
Buffalo Bellev A Lan M tge. \ Redeemable a t par.
Buff A Nlag Falls Elec R y—\ 1895 ft g J-J
750,000 July 1 103>
1st M, 5750,000, gold____c /ln t. a t M ercantile T rust Co., New York.
2d M, 5250,000, g. s f, rcd \ 1896 5 g J-J
85 000 July 1 1921
after 1901 a t 105 (51,0 0 0 )c/ln t. a t M ercantile T rust Co., N. Y .. T rustee
Buffalo A Lockport 1st m tge.I 1898 5 g J-J
500,000 July 1 1938
gold, 5500,000......................_ /ln t. a t T rust Co. of A m erica, N. Y ., T rustee.
Lockport A O lcott Ry 1st) 1900 5g J-J
800,000 July 1 1920
m tge, 51,000,000, g old )In t. a t Morton T r. Co.. N . Y.. T rustee; also
(5 1 ,0 0 0 ) ________ __________________c*1 at Buffalo. G uar., p . A 1., by Inter. T rac
N iagara Falls Suspension) 1897 5 g J-J
300,000 .Tan 1 1928
Bridge, Clifton. Suspension) Toronto General Trusts Co , T rustee.
B rid g e ............ ............ ........./ In t. a t American Exch. N at. Bank, N. Y.
Lewiston C onnecting Bridge) 1898 ft g A-O
125.000 O .t 1 1928
Co. Queenston H eights)Toronto General T rusts Co. T rustee.
Bridge Co................................. I Interest a t American Exch. N at. Bank N . Y .
Nlag Falls P ark A R iver ls t\ 1893 5 J-.J
600.000 Jan 2 1014
m tge, Canadian c u rre n c y .,/ln t. a t Im perial Bank. T oronto, C anada.
a Nlag Falls A Susp Bridge R y 1893 4 J-J
518,000
1913
a Nlag FallsW hlrlpool ANo R y 1894 4 J-J
22,500
1913
aAll owned by International T raction Co.
hOf this $350,000 owned by International Railw ay Co.
Bonds.—The Buffalo R y. real estate m tge. m atured Ju ne 20 1904, b u t was
extended until 1909, when they were again extended until June 20 1914; the
T onaw anda Elec. R R . m tge. due April 1 1907 was extended until 1917. The
N iagara Falls A Suspension Bridge R y. bonds of 1893 and the Nlag. 1-alls A
W hirlpool N orthern bonds of 1894 given In the table above m atured In 1903,
but were acquired by the International Traction Co. and extended ten
years, and then deposited w ith the G uaranty T rust Co. of New York as
additional security under the International T raction Co. collateral trust
m ortgage. All the outstanding stock of the International Railw ay, 560.000
bonds of the T onaw anda Street R y., 540,000 bonds of Tonaw anda E lect. R R .,
5518,000 bonds of the N iagara Falls A Supsenslon Bridge and 522,500
bonds of the N iagara Falls W hirlpool A N orthern are pledged as security for
the International T raction collateral tru st loan. The Buffalo R y. deben­
tures are secured by deposit of 52,000,000 stock of Crosstown S treet R y.
EA R N IN G S.— For year ending Dec. 31 1910, gross, 55,985,000; oper.
exp., $3,964,000; net, 52,021,000.
In co m e A c c o u n t o f Intern ation al R y ,, C r o s s to w n Street R y . an d E le ctric
C ity
In clu d in g F ixed C h a rge s o f in te rn a tio n a l T r a c tio n C o

R y..
Calendar year ending Dec. 31—
1908.
1907.
1906.
Gross earnings from operation--------- 55,159,605 $5,380,437 $4,972,688
O perating expenses________ _________ 3,228,482 3,362,883 2,884,986
N et earnings_____________________ 51,931,123 $2,017,554 $2,087,702
Miscellaneous Incom e.
------87,061
81,813
69,111
Total net Incom e....................................$2,019,084 $2,099,367 $2,156,813
Fixed charges, Including in t. on bonds
of I. T . Co., taxes & d ep reciatio n .. 1,846,793 1,787,106 l,601,9o9
Surplus....................................................... 5172.291
$312,263
$464,854
ROA D.— Mileage Sept. 1 1910 (including Crosstown S treet R y. of Buffalo
and Elect. City R y. of N iagara Falls, N. Y .). Length of line, single track
(owned 107.49; leased 18.36; trackage 4.80), 220.65 miles; total track oper­
ated (owned, 347.67; trackage, 5.15; leased, 22.03), 374.85 miles. Gauge
4 feet 8 H Inches. Rail (steel), 45 to 140 lbs.
E Q U IPM EN T.—S e p t.l 1 9 1 0 (Including Crosstown Street R y. of Buffalo
and Elect. City R y.); 1,070 cars of all classes, Including 917 passenger cars,
car stations, 13; sub-stations (electrical), 6: power furnished by the N iagara
Falls Power Co. and the C ataract Power & Conduit Co.
O FFIC E R S of all operating cos.— P res., Thos. Penney; V .-P.. Thom as
E . Mitten; Sec and Com p., W . C. D unbar; Gen. M gr., T W . W ilson.
O FFIC E R S of International T raction Co.— Pres., Thos. Penney; V .-P..
Thom as E . M itten; Sec. and Com p., W . C. D unbar.— V. 87, p. 873 1533
V. 88, p. 748, 879; V. 89, p. 1280, 1542; V. 90. p. 1675; V. 91. p. 38, 945;
V. 92, p. 261; V. 93, p. 44, 731, 1260, 1786.
PEOPLE’ S GAS

&

BURLINGTON, IOWA.
E L E C T R IC C O .

[ V O L . LXXXXiV.

Bonds.— P art of bonds arc guar., p. AI., by end. by People s Gas A Electric
Co. of B urlington, and the la tte r has m ade a trust deed to secure the guar ty .
R O A D .—Total track 18 miles trolley. Including an extension to W est
Burlington. 06 to 85-lb. T rail. O perates 22 m otor and 25 trail cars.
O FF IC E R S.— P res., G. II. Iligbee; V .-P., E . C. W alsh; Sec., T reas. and
Gen. M gr., C. H . W a lsh .— V. 64, p. 41, 468, 753; V. 68, p. 1022; V. 74, p.
1307.
____________

B U R L IN G T O N V T
B U R L IN G T O N T R A C T IO N C O .— A tro lle y r o a d .

STOCK AND B O N D S— Date. Interest. Outstanding. M aturity.
Stock, 5 2 0 0 ,0 0 0 (par 5 1 0 0 ) - - .-----Q-F
5200,000
See te x t.
Win A B Horse R R 1st M ,j 1804 6 g J-J
150.000 Jan 1 1914
5150 000, gold (5500 and)
N ot subject to call before m atu rity .
$ 1 000) ..... .................... ... cj Interest a t B urlington T rust Co., T rustee.
RO A D .— Owns 11 m iles of track In city of B urlington. Ralls 50,
60 and 75-tb. T . Owns 15 box cars, 18 open cars, 2 snow plows.
D ividends.— In 1903 an d since, 6% per year; previously 4% .
Year end. Jun e 30— Gross. Net. Charges D ies. Const. Balance.
1910-11 ................... $126,870 $50,846 $12,991 $12,000 $5,850 sur$19,999
1909-10
................. 119,015 37,198 12,631 12,000 1,750 sur.10,817
O FF IC E R S.—Pres., Ellas Lym an; V .-P., Jno. J. Flynn; T reas. VV. F.
Hendee; Sec., C. W . B r o w n e l l . ______

B U T T E , M ONT.

B U T T E E L E C T R IC R A I L W A Y .— TroUey.
,
This com pany was Incorporated In W est Virginia In December 1899 as
successor to the B utte Consolidated R y ., sold a t foreclosure.
STOCK AND BONDS— Date. Interest. Outstanding. M aturity.
Stock $1,000,000 (par $ 10 0 ). ____
M-N
$ 1 .000.000 O ct’06, 2%
1st M, $700,000, gold, 51.000J 1900 ft g M-S
700,000 Mch 11925
each .............. ...................... c * \In t. a t M ercantile T r. Co., Boston, T rustee.
Bonds.— May be called for paym ent on Mch. 1 1915, or on any Interest
day thereafter. Sinking fund of 10 % par value of bonds begins Mch. 1 1916.
D ividends.— I n 1005, 4 l-i 1 0 0 6 . May. 2 % ; O ct., 2% : none since to
Ja n . 1912—all earnings going Into construction.
RO A D .—Operates 34 M miles of track. 5G-lb. T rails; 62 m otor cars.
EA R N IN G S.— Year end. Feb. 28 1911, gross, 54 11,406; net, $77,534.
O FFIC E R S.— Pres., W. A. Clark, Butte; V .-P., J . R. W harton; Sec. and
T reas., J . H . Anderson, 49 Wall S t., N. Y .— V. 72, p. 190.

C A L A IS , M E .
C A L A IS S T R E E T R A I L W A Y .— A tro lle y r o a d .

O RG A N IZA TIO N .—Stock. $100,000; first m ortgage, 1898, 5s, J-J,
5100 i)00 due July 1 1018.
R E P O R T .— Y ear ending June 30 1010, gross, $29,661; net, $3,669;
Interest and taxes, 55,571; deficit, $1,902.
ROAD. —Calais Street Railw ay, lower wharf to upper bridge, Calais, 4
miles; S t. Stephen Electric S t. R y., MUltown, N. B., to S t. Stephen, N. B.«
3 miles; to tal, 7 miles. The St. Stephen Electric S t. R y. Is a separate
corDoratlon, b u t Is owued entirely by the Calais com pany. 9 cars.
O FF IC E R S.— P res., George A. Curran; Sec., Charles F. Pray; Treas.
and Gen. M gr., C. W . Young, all of Calais, Me.

CANTO N, M A SS.
B L U E H I L L S T R E E T R Y . — A tro lle y r o a d .

O RG A N IZA TIO N .—Franchise perpetual.
STOCK AND BONDS— Date. Interest. Outstanding. M aturity.
$300,000
Stock $300,000 (5 1 0 0 )------- - - - - - - - - - - ­
250,000 Oct" i" 1923
First m ortgage $500,000 1 1903 5 g A-O
g o l d - - - - - - - - - - - - - - - ........../In te rest a t City T ru st Co.. Boston, T rustee.
"C urrent liabilities’’ Ju n e 30 1910---------------------210,771 ---------------Bonds subject to call as a whole at 115 and Interest on any Interest day.
E A R N IN G S.— For 12 mos. ending Dec. 31 1910, gross, $89,702; net.
$32,719; Interest and taxes, 525,718; surplus, $7,001.
RO A D .—Operates 19.5 miles of track from M attapan, where connection
Is made w ith the Boston Elevated R y., to Canton and Stoughton, a t which
latter point It connects with the Bristol Norfolk S t. R y. and the Old
Colony S treet R y. S tandard gauge. 24 cars.
O FF IC E R S.— Pres., {'. H. Fiench: V .-P. A .s . P ratt; 2d V .-P.. E. J. B.
H untoon; Sec., Clement R. Ford; T reas., H enry B. Saw yer; Gen. M grs.,
Stone & W ebster M gt. A ssn., B oston.— V. 78, p. 1906.

CAPE MAY. N. J.

C A P E M A Y D E L A W A R E B A Y & S E W E L L ’ S P O IN T R A I L R O A D .—

An electric and steam road
O RG A N IZA TIO N .— Organized under th e general railroad laws of New
Jersey on Jan . 19 1893 by consolidation of the Delaware Bay & Cano May
R R . (owner of the Cape May & Sewell’s P oint RR.) and the Cape M ay «
Schellenger’s Landing R R . Uses electric pow er for passenger service and
steam power for freight. In 1901 control passed to the R eading Com pany.
STOCK AND BONDS— Date. Interest. Outstanding. M aturity.
Stock paid In (par $50) ______
$lf>0,00t) - - - - - - - - - ­
F irst m ort. (5150.000)...c u r . 1893______ 5 F-A_______________Feb> 1#1923*
O ther debts Dec. 31 1910.................................- ............. 383.664
.......... - ­
In 1894 and 1895 but one Interest paym ent was m ade, by m utual consent
of bondholders. Interest was reduced to 5 % for 5 years from Feb. 1 1806,
and rem ains a t 5% . Trustee Is N . J . T rust and S. D. Co.. Cam den, N. J .
RO A D .— Operates 6.29 miles of track extending to Cape May Point and
Sewell’s Point along the beach front through city of Cape May.
EA R N IN G S.— For year ending Dec. 31 1910, gross, $22,228; expenses,
$34,421; deficit from operation, $12,193; taxes and Interest, $14,874; to tal
deficit, $27,067.
. „
O FF IC E R S.— Pres., Geo. F. Baer, Philadelphia; V .-P ., Theodore Voorhees. Philadelphia: Sec.. VV. R Taylor. Philadelphia; T reas.. H arry E .
Paisley, Philadelphia; Com p., Geo. Ziegler, Philadelphia; S u p t., C. II.
Ew ing, Cam den.— V. 72, p. 532.

CEDAR RAPIDS, IOWA.
C E D A R R A P I D S -I O W A C IT Y R A I L W A Y &

L IG H T CO

O RG A N IZA TIO N .— Incorporated In Iow a In June. 1903, and acquired
all the property and franchises of the Cedar R apids Electric Light A I owpr
Co., the sam e being free from bonded d e b t. H as long-term franchises In
the cities for both lighting and street railw ay purposes and Its railw ay lino
between the cities Is located on private righ t of way 100 feet In w idth.
In 1009 old Issue of $300,000 5% non-cum . pref. stock was retired and
$600,000 new cum . pref. authorized (V. 89, p. 154); this was a t first 6%
cum ., b u t since July 1 1911 Is 7% cum .
STOCK AND BONDS— Date. Interest. Outstanding. M aturity.
Common $1,7 00 ,0 0 0............................
Q-J
$1,700,000 Ja n . ’12. H %
Pref. $600,000 7% c u m .......................
Q-M
452.910 Deo. ’l l . 1 H
First m ortgage 52,000,000,( 1903
5 gJ-D
l,455,000 June 1, 1923
gold ($1,000)................... c*{ Illinois T r. A Sav. B k., Chicago, co-trustee.
I In t. a t H arris T r. A Sav. Bk., Chicago.
Stock.— Pref. Is redeem able a t 102 K- and accrued dividend.
B onds.— So far 51.548.000 bonds have been Issued, b ut $03,000 have
been retired by sinking fund; additional bonds m ay be Issued for not ex ­
ceeding 75% of cost of perm anent additions, extensions or other rail­
way. lighting or power com panies, when net earnings for year preceding
shall have been twice Interest charge on bonds outstanding and to be issued.
A sinking fund began April 1 1908 and bonds are subject to call on or alter
June
1 1913 a t On
107H
V. 77.andp. 1009.
2279. On new pref., in
D ividends.—
old and
pref.Interest.
5% each See
In 1908
1909, D ec., 3% ; 1910, 6% ; In 1011, 6% . On com ., Initial d lv., >*j%, paid
A pr. 1 1911 an d sam e am ount quar. since to and Inch Ja n . 1012.
E A R N IN G S .— For year ending O ct. 31 1911, gross, $442,662; n et, after
taxes, $187,829; in t., $72,750; surp., $115,079. In 1910, gross, $384,500;
n et, after taxes, $148,027.
,
RO A D .— Operates 28.49 miles of track between Cedar R apids and
Iowa
m
y
.
S
tandard
gauge:
70
lb.
T
rails.
,
„
„
i4.
_
O FF IC E R S.— Pres.. W m. G. Dows; V .-P ., J . H . Sm ith; See. and
T reas., Isaac B. S m ith.— V. 77, p. 2270; V. 79. p. 211; V. 89, p. 1481, 1541.

C E D A R R A P I D S & M A R IO N C I T Y R Y .
O RG A N IZA TIO N .—Owns all the stock, assets, franchises and good-will
of the Burlington R y. <Sc Light Co. Franchise expires In Feb. 1927.
O R G A N IZA TIO N .— Franchise expires In 1041.
„
STOCK A BONDS— Miles. Date Interest. Outstanding. M aturity.
STOCK AND BO N D S— Date. Interest Outstanding. M aturity. Stock
($100)
$490,500 - - - - - - - - ­
Stock, 51,250,000........................................................... $1,250,000 .................... First m$550,000
ortgage $250,0001 16.82 1891
5 J-J...............205,000 July l 1031
Burl R yA L t. 1st M, $750,000) 1897 ft g A-O
750,000 O ct 1 1917
51.0 0 0 c.......................... /In te re st a t American TrustJCo.,1 Boston, Irustce
($500, Ac). red at 105, g.c*/In terest a t American T rust Co., Bos.. T rus.




J an .. 1912.1
_ 5 °A

p.

ELECTRIC RAILWAYS

CT033' 5 2 2 8 ' 047; n c t ' ? 6 6 ' 180: ln
- O w ns r o a d In o p e ra tio n 17.45 m iles In len gth e x te n d in g from

s - E,y: v - p - and Seo
M IL W A U K E E

23

CPrefo ^stock.
o V $300
M o 000
^ u 6T%o . ., ': D" atelnterest- OufeshS'nnn
anodooo M aturity.
..........................
' Si , y j d,«?C, V n tse $$>500,000/ 1911 T j - j "
783 000 Jan 1 1928
B N
Illinois T r. A Sav. B k.. Chic., trustee.

C E D A R B U R G , W IS .
N O R T H E R N R Y . - A n e le ctr ic road

teruH iann?c
system
>lri tw°!lscons'n
1005. InO perates
In- 2% 1920 to I928datv . 03. p. 665. 1 %>.
0_Lb.?nd?,,o ut annually. 1912 t o i o i o
expire?
T i mIenUreTvrnn,rp(ir
u
Y pr)Yaa .od
t« rl*h
w ay. Franchise
Milwaukee
The
R y .. Elec. & H eating Co* bondVarc'
Q uarter w i]i ,Rr~iVldns
f,o r 5‘ e e n t s ln * ,e f a r a an d ‘ h at a tick e ts 19087$42,000 are toV ,“ k ta id
' W ” 510,000 annuaHy. began Ju ne
n c ^ F **8, P o r t W a s h in g to n franchise expires
2 3 i~ fnotr. ^ y YPd’, . ? r n . 8 s , . $ 3 4 3 , 3 5 9 : n et. after
ovcr trac,ts o( She taxEcAU$,108G
I5^ ^ ! 3.1 f:,^ ny rest- Jp 7,155l balance, 8101,076, in 1009. gross.
M aturity
ROAD — ODerftPstf|RC?n ll«°,7,78f VInt.*' 593,908: balance. $93,876.
70 and°72^11)° 1 1fi-ail&
anadndbe6tS .
m 1 , 290,000 A p r ii 1 1931 'vneto t ap?d«? 5° ™ al
l s t . m t g c . ,5 1 ,0 0 0 ,0 0 0 g o l d / 1911
5 A -0
($500 and S 1,000).
- C l i n t , a t F irst S a v . & T r . C o .. M llw ., trustee
lngs°areStw ice ‘hm alnlng'binds. $210 000 m ay be Issued only w hen n et eara- c o s T a b S i r i i o ^ O O P a s s e n g e r stations to
exceeding 7 5 V A
' nol-.bonds to be Issued, and $2,500,000 a t no
tltToen.ln| 2 ^ t o c a^ fat IW a n d T n t ad-,V*
i-lt,-°-n
02. s'p. 725.under th e sam e lim it Illinois
G ranite Trae
City and
?i 4«;?8
P 111®8
f a«w ayallInowned
M adison.
rv» • VXeniceS Pr^nU
CaPRaJ
stock,
comof. $1,000,000,
by
{‘(“/'tends.—
3%7,,Ppaid
S t f t f c Initial
InI! ! !l1 ddlvs.,
W s " 3%
a,dAo n ls t and 2d pref. Sept. 1911.
LA
It MI MGS.—
year
endingug.. 31 1911. gross. $301 405* not I " rd U e T 9 2 9 COv.5 ^ P^ i 0 O0UtV S9 i0 p-T706;9n -724-000 <2 t0 **> b° “ d3
J&AKNINGS.—
For
ending
A
ug
ter
taxes,
«S:c.,
$129,178:
Int..
$60,000:
siirnluc
seo
n
s
’
'
arter
&c.. $129,178; Int., $60,000; surplus, $69,178!
ORG AN l/A 'm o s f* ^ ailw ay & ••'K '"'
R O A D .— Will be 1 2 0 miles long, running n orth from M ilwaukee to Cedar
18 0 0 a! c o n s o lid a tio n of all
tn
n
^
’nW
i
Vlro
extending
to Sheboygan
P ort W
ashing the^ Jtre e fra l^ a y ? e le 7 trtcCU%0tratg ^ l a ,? cY'
ateam
-heatlng Interests. E ntire
ton and th e other to* one
I- uddbranch
du Lac.
O perates
64 y miles ofviatrack
Including
d y miles In Milwaukee, between MUromi™#. Cedarburg and Sheboygan* Stock $700,000 ($lot?)t>^
Date.
Interest.
Outstanding. M aturity.
7’bfi, Fond LbU b ack ing 'fi ' 9 pi a? ned com plete m far S ^W est Bend in
miles com p eted l i 191108 G au g e.l« °.°« ^'hw hU k ^ban d^C ctlarbu rg , i .54 R goTdd ($ ?
* 7'o o " o o o ? I | 6 o
iV w ™
*6780 2°:ooo Jan i - i i r - i i
O FF IC E R S.— P res., W m . A. Com stock; V .-P and Gen Mgr F W D an ville & N orth ern " m o 'r t-i ^ O o S 4 a y [ , s L>I o r b c s 4 C,04 ’ n?lA Y -' an<l C h ic.
W alker; Sec. and T rcas., H enry A . H alg h.— V . 85. p 6 0 1 ;V. 92 ^ p . 7 2 5 .
De1?enCtu reb o0n0d0s .......................{in t e r e s t a t S e c o n d N a t t o k . D a n v ille ? 14
b e sold fo r a
Jan 2 i o r>r> * am

::::

CH AM BERSBU RG

-§

SIMSS i&'-Vlift

CH AM BERSBURG , P A .
&

G E T T Y S B U R G E L E C T R IC R Y .

'I ncorporated In Pennsylvania Dec. 4 1900.
M aturity
St?ek$225A000D($n50)N D S _
Da‘e- InlCreS‘3

S

^

»

P

*

$6,000 per year began Jan
works^ o ^ r n e d

1 19 10

* hnnJa^K heen retired. Sinking fund of
V °A"

N ortham pton

tern of the city. 18.37 miles of track, n eirly all laid In brick n L e m e ? ?
ninnlng to three parks, the fair grounds, cem et ry and railw ay d en o u and
wiatt
m c' E quipped
ith 50.
60 and 70db Johnson T rails •
raotorri!r3
carsH“(General
Electric) wand
12 others.
60 to 80-lb. T and w,‘bi,"V86nal™So,ld
f c a ^
C
0? - v ! 7 6 R p .-T h “ ei 3a0S0those for Danvlllc U rbana 4 C ham paign Railw ay
Aii?!F',p
n r ! r i ^ BM Sup G J5cnncflY:
a u u .. C.Ci5R
M. Davidson;
D B. Fretz.Sec. and Trcas W. L. R itchey;
(4) D ecatur Railw ay & Light Co,
the S rnniJ/v « 7 J? i^ K " In .c o r ? ! ? rate (1 ln HNnoIs In Dec. 1903 to take over
Eleetr!ePrnty«Srt
R ccatu r T raction & Electric Co., the D ecatur Gas &
C H A M P A IG N , IL L .
t gMCari(?e?ee?rto^i^H
^r€FSKeai
m H eaand
t,a ^stcara-heatlng
Co** owning allplant
the Instreet
rai*
ILLIN O IS TRACTION CO.— (See M ap on page 24.)
awnad^ ‘suburbs!
Iectr1c n 8rhtlng
business
D ecatur
tr o ° ^ ^ m ^ m A i^ c o m p a n m ? :° ratCd ‘n Ma' ne ° n M ay 13 1004 and con' StocTk°$lK30A X ? 0
Outstanding.
D a,e’ I n t m “ - $1,300,000 M aturity.
B iIp p ™!!J$J?D
U R . Peoria Lincoln & Springfield U y.
D ecatur
Gas & ..............
Electric CWUL
o/ ‘1899
Bloom
ington &D ecatur
Normal& RCham
y. & p.Lt.Co.
Peoria R ailw ay Co.
first
m
ortgage
^ , nf°5 M“ j- N_'
"
2 7 0 »00
See tex t
D anvl e & Eastern Illinois Ry.
Louis Electric Bridge Co.
D
ecatur^Ouf&
?
EIeo1doYd
Me/ cTh v L * * T r* Co., Chic . T rustee
Danville & Southeastern R y. Co. SSt.t. Louis
Electric
Term
inal
Ry.
Danville S treet Hallway & Light Co. t. Louis Springfield * Peoria RR
Danvlllo U rbana & Cham paign R y. SSpringfield
A N ortheastern Trao. Co. Dec T rae * Elec 1 st M $300.-} IJoo j j . j
2 1 7 nnn t„„
1
D ecatur Railway & Light Co.
Term inal Power Co.
Des Moines Electric Co..
Topeka Edison Co.
Illinois C entral Traction Co.
Topeka Railw ay Co.
Jacksonville Railway A Light Co.
A C ham paign R ailw ay, Gas Dec R y &”L trgledn <m i?tgige?l ^ O io '* 7 J j - D ° " B<>,t 603,000 * i Ttc.7 T io b s
Madison County Light A Power Co. U rbana
& Electric Co.
Peoria
Bloomington
A
Cham
T
r
Co
H eat A& Pow er Co.
Co
In Anrll 10 0 7 nhtnln.H . in
, U rbana Light.
' ' ‘gUt. HCAt
f l ^ ',3'—*87* 1(ioo0k c a 'tu r R a U w iT & ^ lg h t^ d : O rsfa^d'bonsoib* 1 " ? %
and vraS also gW?n ?uthnritv°hyC^
a.ncSS.i’%on
carta<n
of Sat.bridge
Louis
across
>y ‘he' r,U.
G overnm
entstreets
to build
bridge WM o o e M ^ fo
,0t\V.CCn V erioe. IllU and S t. Louis. Mo This i z i . \ io% 7 i K
S v r r ” *” . W o u ^ s s i
represents a T m S e stm o 1/ 1 ? n N ov. 1910 and. with term inals In S t.L ouis,
1 0 1 1 heg„„ JJ. Y tmcnt o( ovcr $0,000,000. V. 92, p. 259
Oil Ju lv 1 f s t f 2
«*nsggg?E,oIisia,IK
w°lth onY?nt , ^ p. ng oxpIe5? ‘fa |ns betw een S t. Louis and Peoria, 174 miles,
5 H hours ^ h m P t S^ alilfc rInH e,d aR? Lincoln— the running tim e to be T hM n i.nl.li and a J ike am oun t each year thereafter In num erical order
an hour
93, p.offices
44). InIt Chicago
was also wreported
rin A ug
l Vion thnVVjirt
, tllc mcomespany
had (V.
opened
ith the These bonds are subject to call In 1909 a t 105 and Interest The aeeSnd
:i._S ■ e „° ...................n
“ u.sui, m ini iiuuHs uutween umcag(
“t l0 5 a n d ln?f ^ f tS S S Y I n 0 1 *, *l,Ele?trlS Co* a ^ redeem able I t I n y t8SS
?hU
L
?
y
^
though com pany has as yet no direct entrance Into Chicago
bonds
O ^j'j aand
in Int.
i ? nkJ
* fu,Int.
n d onperiod
these bonds.
General
m tge.
UUU,1S arc
,rcl*red
cu .' aa tt liv4
on nany
Rrim inincr
i.^nric
am
was $35?6<)7.500010 thC bonded 1 Qdeb ted ness of the propcrtl
rcscrwetl for extensions. In t. payable a t agency of Merch Bk of Can
STOCK AND BONDS— Date. Interest. O utitandtna Last Div 9 ; fn;TphT 8are uncondltlona" y Kuar.. p. & l " ?y end., by I U m J & l
Common $ 1 0.000.000 ($100)..................................... $9 068 70<?
— Calendar year 1910, gross, $482 877 net aftpr
^2}7rk\5n ‘ r?
^ o ss . $388,358; net, after taxes, $ 18 6 !oil.
‘
sto-ek eanQo,f,y be
HOAD, O perates abo u t 15 miles standard-gauge road In D ecatur anrt
V.
92r,
p
3?2an
72'
lb
T
rallS23
m
0t0r
CarS
«°
d
»
0
ttO
T
.V
.
M
,
a
i
l
hsue3I‘aY « f e S ^ n pr,‘
8tocl?I&ed,stcd
Stock°Excl?angeSed
'1,on
l o l n iUM
v npil'd
naiurca|h
l f l .,on
•> *the
1,.. __
Annum la Imlng
p r e# f.S. . S. d .X k t0
(5) Jacksonville R y, & Light Co.
•
Tor 1 1 mos. end. Nov. 30 191 1 . gross so *’(ii 7 *>o- nct.
52^88.358. In 1909-10. gross. $5,485,847; n et, $2,242,150 ’ , 729;
2°'
,ncSrpoi atcd ln Malne ln D ec> *805 and la a conS » « <lEarnings—
S J k w 0r' CaL yCars* ReP °rt fo';iq }?10
n.
1239.
Gross
iq In V. 92.
Colte Co l f i ! S , | B 7 - C0' “ d thc JacU<,°nv'lle Gas Light *
1909.
1908.
In tc ru rb a n .......................................................$2,304 9 4 5 $1,980,779
?Y.0C.
I
5
--AN
.P
BONDS—
Date. Interest. Outstanding. M aturity.
Loca*
2 027 206
1,754,893 $1,847,381
1.626.797 Stock $500,000 ($ 10 0 ) ............
$500,000 ......................
Gas . street railw ay......................
293,072
277.085
mm
fdn
ls
t
Con
mtg
e
.\
1906
5.rust
„g „j - „Co
j
544.000 Jan 1 1931
Electric light and pow er 11111
1.327.‘809
$1,000 000,gu,g
($1.000)c*/C
entral
T
1,041,761 Jacksonv
Chicago.
T rustee.
Steam heating............................................... I74!s22 1,101,128
Gas Light & Cokel
166,000
5 J-J
158,387
170.000 Jan 1 1931
M iscellaneous.................................................. 2 6 ! 1 4 1
7,511
14
lionds —Of6th e ‘i f nnn'non t a‘ M erchants’ Loan & T r. Co . Chicago.
$6,218,038 $5,363,383 $4,951,425 Hens Are guar n S T i f i <iSnsols/. * 1 7 « .0 0 0 are reserved for prior
O perating e x p e n s e s___I I I I I I
$3,441,100 $2,874,340 $2,683,198
a General and overhead cx p cn s ’e s l
58,596
43,150
165,932
146.001
122,140
and gMDbu8lneM<ine jackM n7vufe!n 'l14 <motor*carsd and *0 oThera?114011811*111*
T otal operating e x p e n se s..________ $ 3
$3,063,491 $2,805,338
(6) Peoria Railw ay Co.—A trolley road,
N et e arn in g s..
m ioor
I “corpor»tcd under general railroad laws of Illinois
Less net earnings of "Des "Moines "and $2,552,410 $2,200,802 $2,146,087 anH18?nn?^l!.1San’JC?css?r “ ?,tbe C entral Railw ay Co. Has acquired, owns
1 opeka properties prior to purchase.
A
vervvm
l°
railw ay lines In Peoria and outlying suburbs of
54,183
372,628
401,590 hvY'hYliMnm.m a ?‘c|kh‘s
and E ast Peoria. The entire stock Is controlled
»tr
£ba
I
.
I.
b
ne‘s
T
raction
Co.
. HalseyV. &8 9Co.,
olfered thc ls t and ref. bondsN.forW sale.
, p New
42 York and Chicago
a '
Interest, Ac., for 1 0 1 0 am ounted to S*l2 6a 6*6 8 77.n H a??ia’28a
stock $273.286; leaving a s u r t i u T V ^ f . 8 '2 5 4 ?
v e S W j p f t S S ? held f h l ^ t h V ^ t ^ ' c o ^ f i s ^ l T L ^ ^ b t ^
General and overhead expenses Included In operating expense totals SSSJdy h i f d ^ f S ;n°c'l.IscK y-V.er9 3 ' ^
In o1908
StrCCtS ‘° Whlch tho P torla R y ’
STOCK
AND BONDS— Date.’ Interest.
• - - Outstanding.
ROAD.
MalurUu
Stock
$1,000,000_____________
- - - $1,000,000 ____
Intcrurb
c ,ty ,!ncs
an Central Ry first m ortgage/ 18 0 5 5 e A-O
570,000 April 1 1915
210 m otor cars and 149 others; i cc rural* d o w ers tnTi nn q n n1e mr11nP »I1a vc
O FF IC E R S.— P res., W . B . A Io K ln ley .C h lm n M i^ v S
II. E . C hubbuck, Peoria; V .-P. and Trcas (?<mKr\r %iTJfViin<n h en *^P*** General m ortgage” ; .......... / I ?? 09 PT v ble ln Ne" X ° ^ k
See., T . I). M acauley, M o n trc a l.-V 88. p 205° 374
P. 225, 721: V. 00. J). 303, 550; V. 01. ». »8. a i l
1 « * -4
881, 1032. 1239; V. 03. p. 44. 527, 666. 1462. '
I328, V ’ ° 2, P ' 461,
^ Illinois
Trae Co
are guar.. p! & L, by endorsem ent
by
Illlnr'*’
^ hlnhj*
— * ^ aran* tyThey
LOCAL STREET RAILW AYS.
111
TTrae
rac Co?• . T he
hn
Obligation
to theallstock
of the
(1) Bloomington & Normal Railw ay & Light Co
bonds are
securedi3,aby prior
the first
m tge UDon
th r nronrrties
and
5!f,
.
s
.?
?
d
>
franchises
11
<tiitfuses
of
or
tne
the
Peoria
R
y.
Co.,
Co
7
now owned Yr
or hereafter
iP° „ p l ' AcnnlmH
0^ f ° p"
■ ?J,,f?A N IZ A T I0N ,— ^Incorporated In Illinois on Veb 2 3 10 0 6 as a ,-nn subject Phly
i
_
______________
^o Illinois
the $570,000
bonds
C entral
RvjrmL°*u.T
Co^ The
solldatlon of thc Bloomington * Norm al R y., Electric * H e a tin g r ? t„°rm
,f S is the
T rusl
rust underlying
A
S of othe
m-IT
1 H i"
K
?c
the Consumers’ Light * H eating Co. of Bloom ington. Does ,?ii"?cal street M
eKI..lIllll°ls ,T
* Saving
Savings 'Bank!'Chicago,”
'T h e bonds
expn ire
on
Fifcb
railw ay and commercial electric light and power business in i i i S i n S ?oJnre*
?
f
A3,follow
s:
$25,000
ln
1908,
$30,000
In
1909,
$35
000 In
6 0 .0 0 0 ln
iu l9m1u2 , $65,000
ioo.nuu ln
in 1913.
191 $70,000 In 1914,
am Norm al and operates hot w ater and steam heating system
Join? ! 2 R .« 5 .0 0 0 In 1911. )5ouu.uuu
i a $85,000
M A f/n nInin 1917,
im a $95,0i000 In 1 9 1 8 , $ 1 0 0 ,0 0 0
Ington. Principal railw ay / r n n e h t s e In Bloom ington exnlresTn 1920 °° In ?n7^’oi°c? «ik?1S’ «8,0,000 llnn i5o016,
? 1 * 1 Sfrt’5 0.0
1920»
$110,000
Ini o1921,
$115,000
‘bla Ranchlse city reserves right to purchase plant a t an 3mmalsed ialim IQi
I n T, piiT
ilsb
.o b b rn'
Y and
o the
V renm
a I n imi ug
S .ro
H &o .oS SooS !S
plus 1 0 % of sam e. Hallway franchises In N orm al th a t a re Pn ot n«rnY?i,M !1023.
o26' $125,000
*T
hev0»°r,n
m 4V5.130’,J,00
ln
1825’
in
expire In 1022. Principal lighting franchises .•ire p'r,?et al bot. pcrpc ual oee
See Vv . 83,
S n p. 38,
ta 436;
4 i ^ vV. 89,
la caM
any90,Interest
p. 42; V.
p. 560. date o ' 105 and Interest,



w f e a - ta v iw a
M T e^ ii« m> rk *sV S v S

ELECTRIC RAILWAYS

2i

[ V O L . LXXXX1V.

Dubuque o

I, A K E
M I C I I I G A JV

%

. -A\V>^; i a ® #
, / / v i h i^ w v w " J G luiiw ood

1—

! CHICAGO HEIGH
“ ! Crete,
Cron
* | Ooodcnow
“*I Hcocljcr
J Soil ill
Braidwocd
<# 3Grain! Park
MOMENCEi 0
< . ?-?// Vlr,l
K ankakee^* KosierT\^{°wisind
VwichcrtJ Vvllopklnfl
rAIR „OAKS
LioyKins Park
rark ^/Moffits
ST. AN NE I
TS£°S"* / 1f ^ .Cb““
Papincaul
Uc,>'* >^ >v v / /> “«••
sn,
rtlm on J ,„<[>'
PIIMaroodi
|
'! PERCY JC,
G ilm an o WAT s «K a !
W o_ ^
. •k ^ '* Vfr JOoodtand
; Wadena
WOO° ^ N 0]
Loelihd
,_
,, Darco
7 I swanington
... JC. z'-'Oxford
— y'— -CI86NA
Nsr
Chatterton
.... f giuvihlgton 5 IGtin
>/*'■ <llloo|>Alon si,VI,Intlirop
/ • i A, \5lRo,»ilir™
V.1.10.c. 2- iKIo
.Kick,.,.
'«*%
V
I
t
r
i
A
A
1
t \ / l „• i V%,: j ““lc'|,t'IK'c"co
ATTICA
- m o o l a v ia )
.9 %V J j ' l " UAlJNuAVOtl, i l I silica
M»y. ^LlKobRoe
Stoncbtuff
2 J Sieger
Slog'

\ Milan
> « p„ r
Boston

V'£ v>
^ ^

*

'■ •— »
Kewanee

0 Grand Kldge
,

o cs'jurso
< s > y '/ > v
Monmouth
Yates City °
V* '

ssg-.

• r .O V / / Vi.

< * 9 * /Jv
\ ' ' ar t

''“• • ^ A . .............
A « "' | Tangier
W * til West: Union
■ * ^ 1 l West Mvlcher
v ,oo* | Mecca
Coxville
ltosedalo
,
O• V a p Ia ii Ifwan
] / o w,1'OSII
I 'ro i.tr 1 ■ *§ O (!)
1 aCOAL
a a i BLUFF
o 5 Beech Grovt
McClelland
\
1 Compton
\ % I Harpers
^ ^ ’ Lane
BRAZIL
Kureka
i Watson
J)
IV
Y & m gljS^C
11 Ehrlich
Vun.lalta
PinieatoI '
. jA»liboro
<1
• -SALINE
CITY
QNew 5fiCluv
Kel River
(Mir
Pittsburg I Coal City
8ULUVAN2|?iyVb?11
« ...Paxton
j I Johnstown
*&
off Welch
"b. ^ I Carlisle
.
Plummer
? ly.a ! Ooktown <zCI Lester
A Busseron oflSIlnknrd
-A Ktnora
/ Hyatt
2
j Ora ham

"4*4) °

uiN
ctN N c^
VINCC5^)tU
TOPEK A

Sllawklns
/WASMINOTOr,
5 w l . UrC°" / Slnjvllto
Thomas
Sandy Hook
Rogers

Ka n s a s ;

City Properties controlled
by the Illinois Traction Co.

Street Railway
Electric Light
0 Street Railway and Electric Light
BB Street Railway, Electric Light and Heat
Street Railway, Electric Light and Gas
Street Railway, Electric Light, Gas and Heat

ILLINOIS1TRAGTIO? SYSTEM
CHICAGO, OTTAWA & PEORIA RAILWAY
SHOWING CONNECTIONS WITH

CHICAGO & EASTERN ILLINOIS RAILROAD
CHICAGO, ROCK ISLAND & PACIFIC RAILWAY
T E R R I T O R Y IN I LLI NOI S




* W

o Madlsonvlllo

U

C

K

J an ., 1912.]

ELECTRIC RAILWAYS

E A R N IN G S for calendar years: *
Year—
Gross. Net (aft. taxes). D epr'n.
Bond In t. B a l.,S u r,
1010...............$685,761
$293,645
.............
$139,346 $154,299
302,830
$29,910
168,158 104,762
1009 ............... 642,669
ROA D.— Owns and operates 52 miles of standard-gauge track, 90 m otor
cars, 40 other cars. Also owns valuable property near the centre of city
and considerable other real estate. Including several am usem ent parks
estim ated to be w orth $500,000.— V. 90, p . 560: V. 92, p. 1500: V. 93, p
1535.

(7) Topeka Railway Co.

A n n ? ? ? .1!* , B lo o m in g to n

or.
-Vf#
&

C h a m p a ign T r a c tio n C o.

O RG A N IZA TIO N .— Incorporated In Illinois In A pril 1805. Mostly
Drt,v a ^ n g n t of w ay. H as 50-year franchises In Bloomington and Peoria.
STOCK AND BONDS— Date. Interest. Outstanding. M aturity.
Stock, $5,000 ----------------------- All owned by Illinois T raction Co
1st m tge. $3,000,000. goldf 1906 5 g xM-N $2,000,000 Nov 1 1936
($1,000)---------------------- c*{ In t. a t agency Merch. Bk. of C anada, N . Y .
—_
,
(Central T rust Co., Chicago, T rustee.
tem p orary general m ortgage............ 5 A 6%
485,000 1929 A 1930
B onds.— F irst m ortgage bonds are g uar., p. A I., by 111..Trac. Co. They
are subject to call on any Interest date a t 105 on 30 days’ notice
RO A D .— Is to operate 90 miles of track from Peoria to C ham paign.
S tandard gauge, 70-lb. T rail. H as 10 m otor cars and 28 trailers. Is now
operating 38.6 miles of track between Bloomington and Peoria. The
bridge over the Illinois R iver w as com pleted In A pril 1907. Owns power
house In Peoria of 4.000 k. w . capacity.
(14) P eoria L in coln & S prin gfield R a ilw a y C o.
Com pleted during 1907 a road from Lincoln, 111., to M ackinaw. 111.,
connecting the Springfield A N ortheastern T raction Co. w ith the Peoria
Bloomington A C ham paign T raction Co., and m aking a through line from
, ’°® gton and Peoria to Springfield and S t. Louis. T otal track operated
3 rootor cars, 1 locomotive and 67 trailers. M ostly private
right of w ay. C apital stock all owned by Illinois T raction Co.
b
o n d _s_____
— .Date.
Interest.
M aturity.
oiocK $ *00,000 _______
...
____
__ Outstanding.
See text
™ £ rtJ a&e **.350.000 [ 1908 S’g M-S
$900,000 M chiT lO M
($1,000) gold......................c*jC entral T rust Co. of Illinois. Chic., trustee.
a.
t* at by
agency
.Y .
Bonds. Are
g u a r.,p . A. .I., lbyI n end.
111. TMrac.rch.Co.Bk.S ubofj.Ctoanada,
call InN any
am ount on 4 weeks notice on any Int. d ate a t 105. No sinking fund.
W T V ^ £ e r in * fie' d & Peoria R R .
. bm R%y AAN:IZATION..—
Incorporated in Illinois Dec. 1 1909 as a consolldaJ&nX 3 £ S t . Louis A Springfield R y., the S t. Louis A S taunton R y.. the
o
* P°*and Uie S t. Louis A N ortheastern Ry. O perates on
except through cities and towns (7 m iles), where
franchises extend to or beyond 1953. In 1911 acquired the Springfield
t fflik w w ^H 5<K 3/!S S£tlm e ?°n tract for usc of bridge and term inals of
ft to oTcrat^ S re?U y fn to s r i o u l a
E!cctrlc Term lnal R y " enablln^
ComTmoC^ 2 AMO.OBO O m ob)
Da‘°- I n ,m s tM aturtt»Pref. $2,400,000 ($100) 5 % .. . H I “ 1........... 2 275 000 ......................
1st A ref m tge $15,000,000 gl 1909 5 J-D
l'875'ooo Deo ” V 19 3 9
r f{Ulnols
T ru st InANew
Sav York
Bk. Chicago,
trustee,
m ultiples res.) ^ 1•00»°.
o -&°r-jIn
t. payable
or Chicago.
St ( M n f M ]
1 003
5 g J-D
451.000 Dec 1 1838
„K? ldgen
(’ \M, -....................
- c -'Intcre3t a. t. c_ltY T ru sti 0Co.
B oston, 19trustee,
3 s 000
39
oq At L.*1*00!
on &’ nPeoria
{737%o'oliCTlc3h " B " t8tandlnir p rcf' stock ’ S1.S38.000 ls’ serlcs "A " and
Bonds. Of the $13,135,000 "1 st A ref." bonds reserved for various
purposes, $3,700,000 arc reserved for acquisition of sim ilar electric proper­
ties, $445,000 to retire S t. Louis A Springfield first m ortgage, $1,600,000
a™ ? 118 ai^d im provem ents to properties proposed to bc acquired,
$591,000 to redeem the general m ortgage bonds, and $6,789,000 for
80% of cash cost of additions and lm p r'ts. These $6,789,000 bonds, ex­
cepting $500,000 (issuable a t any tim e for 80% of cost of additions and
Imp’ts), can be Issued only when for the preceding 12 m onths gross earnings
have equaled five tim es and net earnings 1 H tim es the Interest charge on
all bonds outstanding and those proposed to bc Issued. Redeem able a t 105
on any Int. date. Bonds are unconditionally guar., p. A I., by Illinois
T rac. Co. V. 90. p . 304. S t. Louis A Springfield 1st M. bonds are subject
to call on any Int. d ate on 60 days’ notice a t 107 lA A Int. A reg u ar., p. A I.
by 111. T rac. Co. $50,000 of bonds are held In sinking fund.
E A R N IN G S.— For year ending Dec. 31 1910, gross, $687,991; n et, after
taxes, $190,496: Interest, $144,176; balance. $46,320.
ir , AD. Owns and operates 102 miles m ain line between Springfield and
Verdce, opposite S t. Louis, with branch from S taunton to Litchfield and
H illsboro, 23.6 miles: to tal, 125.6 miles m ain track and 8 miles sidings.
S tandard gauge. 265 cars and 4 locomotives.

On Moh. 1 1910 Illinois T rac. Co. purchased road.
.
—Incorporated under general railw ay laws of K an­
sas In 1892; In 1903 absorbed th e Vlnewood P ark R y. and m ade a new m tge.
for $1,2.>0,000. On Ju n e 4 1903 obtained a new 30-year franchise, running
from th a t (late, w ith the provision th a t $400,000 be expended w ithin 3 years
on the system . Also has secured franchises In perpetuity on county roads
now occupied, w ith privilege of hauling freight. City agrees never to
reduce rates to where com pany will earn less than 10% on stock. The
city Is to receive 10% of earnings rem aining after 10% has been earned,
upo n expiration of franchise city has th e rig h t to acquire th e property, but
n o t before. V. 76, p. 866, 1302.
K ansas R y. A Light Co. (holding com pany) has $1,448,000 tem porary
bonds o ut, due 1935. V. 92, p. 1243.
STOCK AND BONDS— Date. Interest. Outstanding. M aturity
Stock. $1,250,000 ($100)
............ $1,250,000 f.p............
lot rm g, } I , zdu ,U0 U, gold 1 l»U4 5 g J-J
1,205,000 Jan 1 l.,„.
($1 ,00 0 )_______________ o * /In t. a t Cont. A Comm. T r. A S.B k.,C hl., trus.
Bonds.— Rem aining bonds are reserved for 80% of cost of new power
house and for betterm ents and additions. Fifteen bonds per annum , be­
ginning w ith No. l.c a n be called a t 105 and interest until Ja n . 1 1915, when
entire Issue is subject to call a t th a t price. $45,000 have been retired. A
. f. began Jan . 1 1910, which Is sufficient to retire $15,000 per ann. at
105 and Interest.
R O A D .— Owns 33 m. of trolley; 70, 75 and 80-lb. rail. O perates 30 cars
O FFIC E R S.— Pres., W . B. M cKinley, C ham paign, 111.; V .-P ., Chas.
ZUly, Cham paign; Sec., E . A. M acN utt, M ontreal; T reas., G .M . M attls.—
V. 81, p. 728; V. 82, p. 101; V. 90, p. 915, 978.
(8) U rbana & Cham paign R ailw ay, (jas & Electric Co.
O RG A N IZA TIO N .—A consolidation In 1897 of U rbana A Champaign
Electric S treet., Cham paign Electric Light A Pow er, Cham paign A U rbana
Gas Light & Coke and W est End P ark com panies. Owns perpetual gas
and steam charter. The underlying railroad charter is also perpetual.
Franchise In 1901 extended for 20 years
BONDS— Date.
Interest. Outstanding.
------ -------$500 000 M aturity
Stock $.)00,000---------------U & C R y G & E M *2!SO.OO°1 1807 5 g J-D
154,000 J u n e " V ia l7
fold sink fund {8,000 y tlyM nt. a t Illinois T r. & Sav. H ank, Cldc., Trus.,
June 1 1000 A aft({l,000)c*l or a t Chase N ational H ank, New York City
nn?1
‘.lf t,w l?lor,
t ?agc *80(M lln'*»»
5 S J TJ r. Co.. P3411,000
192S
000 ({1,0001
L-old.................c
t. P ortland
ortland . July
Me., T1 rust
D ebenture bon d s .....................
_ 5 & 0%
5 2 1 ,0 0 0 1029 & 1930
Bonds. Of the new issue of $500,000, sufficient are reserved to retire first
bonds. The bonds are subject to call on any interest d ate a t 105
„ AD •-■ “ O perates 1 0 miles of track In and between Cham paign and
U rbana. Has 20 m otor cars and 8 others.
INTERURBAN ROADS.
(9) Bloomington D ecatur & Cham paign RR.
O R G A N IZA TIO N .— Incorporated In Illinois on Nov. 29 1910 as a consolUlatlon of the Chicago Bloomington A D ecatur R y. and S t. Louis D ecatur
& Cham paign R y. O perates on private right of w ay except through cities
and towns (8 miles) where franchises extend to or beyond 1953.
STOCK AND BONDS— Date. Interest. Outstanding. M aturity.
Common $3,000,000...................................................... $3,000,000
Preferred 5% .............................................................
5 2 5 .0 0 0 ___
1st & ref m tge $15,000,000 g) 1910 5 g M-N 1,500,000 Nov 1 1940
($1,000 coup A $1,000 or [Interest a t Illinois T rust A Savings Bank,
m ultiples rcg.lgu p A I.o 'A r'J Chic., T rustee, or Chase N at. Bank, N . Y.
General m ortgage................... ( 1910
5 M-N
914,000
1940
(Central T rust Co. of Illinois, trustee.
(16) Springfield A N orth ea stern T ra ctio n C o .
Stock.— Of the $525,000 pref. stock o ut, $300,000 Is Scries "A ” and
$225,000 Is Series "B ."
O RG A N IZA TIO N .— $1,350.000 of stock Is owned by Illinois T raction Co
Bonds.— Of the $13,500,000 "1 st A ref." bonds reserved for various Mostly private right of w ay.
purposes, $0,853,000 arc reserved for acquisitions of two connecting inter­
STOCK AND BONDS.— Date. Interest. Outstanding. M aturity
u rban roads (Danville U rbana A C ham paign and Illinois C entra' T rac­ Stock $1,500,000 -------------------------- --------------- $1,500,000
tion), $914,000 to redeem the general m ortgage bonds. $472,000 to replace 1st m tge $1,500,000 ($1,000) f 1906 5 g J-D
800,000 Dec " V l 936
general m ortgage bonds Issued in the future, and $5,261,000 fo r 80%
gold........................................c * ( I n t.a t a g e y .M erchants’ Bk of C an a d a .N .Y .
of cash cost of additions and Im provem ents. These $5,261,000 bonds,
_ . „ .
(C entral T ru st Co. of Illinois, trustee.
excepting $500,000 (Issuable a t any tim e for 80% of cost of additions
Bonds.— Bonds are guar., p. A I., by end. by 111. T rac. Co. Callable on
date on 4 weeks’ notice a t 105. No. sinking fund.
™™im pri0 Vcmcnts). <ian bc Issucd only when the preceding 12 m onths’ gross any OInt.
A D .—O perates 33.3 miles of track , from Springfield to Lincoln. Has
nJ ? in P ,hf}ve equaled 5 times and net earnings 1 M tim es the interest charge 27 Rtrail
cars. V. 85, p. 655.
on m i i? outstanding and those proposed to bc Issued. Bonds arc un­
conditionally guar., p. A I., by Illinois T rac. Co. T hey are redeem able at
O T H E R P R O P E R T IE S . A N D R O A D S U N D E R C O N S T R U C T IO N .
' d a tc * , Y*
®?' ofP* C259.
t. on Ygen.
(17) D an ville C o n su m e rs Coal C o .
a t officeanj£
of wM erchants’
Bank
anada,InNew
ork. m tge. bonds Is payable
STOCK AND BONDS— Date. Interest. Outstanding. M aturity.
R O A D .— Owns and operates 97 miles of track (89 miles, m ain line; 8 Stock
.
All owned by Illinois T raction Co.
miles sidings) extending from Bloomington through D ecatur to Cham paign First m...................
ortgage. $35,000 gold./ 1904 5 g M-N
$25,000 Nov 11924
and
U rbana. 60 and 70-lb. rails. S tandard gauge. 145 cars and 2 loco­
($1,000)
..--C lin t, a t office of W . B. M cKinley. Chara’n, 111.
m otives.
Bonds
subject
to
call
a
t
105
on
any
Int.
d
ay.
Sinking
fund 2 cents per ton.
E A R N IN G S.— For 12 m os. ending Dec. 31 1910, gross, $415,484; net, Ross R. M attls, trustee.
2K,c.
r 0tax cs*
$132,937;
b al„ $21,394. In 1909. Kgross
(18) D an ville & E a stern Illin ois R y .
$361,810;
net,*134-331:
$128,321. in t.,
V. 92.
p. 185, 259.
Is building from Danville to Indiana S tate line, 7 miles, to connect w ith
(10) Danville U rbana & C ham paign Ry.
Indiana Intenirban roads. 3 miles have been com pleted A t Terre H aute
Tniir
oa
i
*
7
T
*
1
beorporated
in
Illinois
under
the
railroad
law
on
connection
will bc m ade w ith Indiana Intcrurban roads. In Sept. 1907
Ju ly „8of 1902.
Increased stock from $5,000 to $500,000. V. 85. p. 722. T em porary bonds
right
w ay. Owns the Danville P axton A N orthern R y. M ostly private
1
to the ainoynt of $50,000 (5% ) are outstanding, due 1927.
STOCK AND BONDS— Date. Interest. Outstanding. M aturity
(19> D anville & South ea stern R y . C o .
Stock $2 ,0 0 0 ,0 0 0 ..................................................................$ 2 ,0 0 0 ,0 0 0 .............
O R G A N IZA TIO N .— Incorporated In Illinois on Ja n . 14 1909.
F irst m ortgage $2,000,0001 1903 5 g M-S
2,000,000 Mch. 1 1923
AND BONDS— Date. Interest. Outstanding. M aturity.
gold ($ 1 ,0 0 0 ) guaranteed [In terest a t Agency of Bank of M ontreal. N.Y S toSTOCK
r k ...............................................All owned by Illinois T raction Co.
„ c* ...............................................J N orthern T rust Co., Chicago, T rustee.
First m ortgage $100 .000 gold,/ 1909
5 g J-J
$60,000 Ju ly 11929
Second m ortgage $500.0001 1005 6 g J-J
392,000 Sec te x t,
0 0 0 ) -- - - - - ...............-cA r(T nt. a t Central T rust Co., Chic., trustee.
gold ($1,000) serial ._ c * (In t. a t Agency M erchants’ Bk. of C an.. N . Y ( $ 1Bonds.
Subject
to
call
a
t
105
and
Int.
on
any
Int.
d ate. G uaranteed,
General m ortgage bonds......................
o%
430,000
A 1., by Illinois T raction Co
Bonds.—The first 5s have no sink, fd ., but are subj. to call on any Inti date
Z
^
J
1®
8
of
road
from
Danville
City
lim its to Grape
upon 8 weeks’ notice a t 105 A Int. The bonds arc guar., p. A I., by end. by Creek coal district. 70-lb. rails.
D anv. S t. R y. A L t. Co. and U rbana A Cham paign R y., Gas A Elec. Co.
O FF IC E R S.—Same as those for Illinois C entral T raction Co.
V. 81, p 264. The 2d 6s m ature $50,000 on Ja n . 1 1908 and $50,000 each
(20) D es M oin es E lc c fr ic C o .
1 thereafter. The $50,000 due on Ja n . 1 1908 and $50,000 due Jan . 1
tlllnote
T raction
Co. Ju lydue1 1914-1938.
1009. Honda,
V® 1 as 342»000 ot the $50,000 due Ja n . 1 1911, were extended.
(5% M. A N.) 1stbym tge.
bonds
outstanding,
In t.
$108,000 have boon retired. T hey arc subject to call a t p ar on 30 d a y s’ a51,703,000
t Arner. Tr. Co .B o sto n , M ass. The Des Moines R y. A L t. Co. (holding
notice.
Are
guar.,
p
A
I.,
by
111.
T
rac.
Co.
Trustees
are
M
ontreal
T
r.
A
Den. Co. and Thos. Fyslle.
* com pany) has $838,000 (5% J-J) tem porary bonds outstanding, due 1935.
(21) M adison C o u n ty L ig h t & P o w e r C o.
in if 9 ^ 5 f i^ S 3 c£atc8.7.0 ,^ r iI,cs of track over private righ t of w ay, connectIs a consolidation In 1906 of the Edwardsvllle Light A Power Co. and th e
e ’i *if.b.a n a 5 nd Cham paign, with branches from Dan
ranite City-Venice Electric Co. Supplies light and pow er to Edw ardsvllle.
G-7nr$?t2Snl, an&
F arm »’ Danville to Catlln and Ogden to GG ranite
C ity. Venice and Brooklyn. Stock all owned by 111. T raction.
t?vcsCand 86_trall^cars H a® 22 m otor carSt 10 c,cctrlc and steam locomoSTOCK AND BON DS.— Date. Interest. Outstanding. M aturity
Stock $100,000 ................................................................. $100,000 ___
iV,
9 rtBr M cKinley; Sec., E . A. M acN utt; T reas.,
Geo. M. M attls.— V. 81, p. 264; V. 83, p. 435; V. 84, p. 338; V. 88, p. 563
1st m tge $1,000,000 ($1,000) f 1906 5 g J-D
433.000 Dec 1 1936
gold........................................c * (In t a t agey M erchants’ Bk of C an ad a.N .Y .
(11) Illinois Central Traction Co.—A trolley road
I C entral T rust Co. of Illinois, trustee.
O RG AN IZA TIO N.—Incorporated In Illinois In 1903 under general
Bonds.— G uar. p. and 1. by Illinois T raction Co. Can bc called on
railroad laws. Mostly private right of w ay.
STOCK AND BONDS
D ate. Interest. Outstanding. M aturity. four weeks’ notice on any Int. day at 105. No sinking fund.
S to c k ............................................ - ................................ $1,100 ooo
(22) St L ou is E lectric B rid ge C o .
O RG A N IZA TIO N .— Incorporated In Ja n . 1907. Owns a bridge from
1>nnm
' D T ru st1.460|000
Dec’T 1rustee
1933 Salisbury
000) tKe’i^
gold ,2g’000,00°
u a r ----- c*JInterest a\ t City
Co., Boston.
S treet, S t. Louis, to Venice, 111. In April 1909 com pany In­
T em porary general m ortgage. ------ 5 A 6
570,000 1929 A 1931 creased capital stock from $2,500 to $1,000,000. V. 88, p. 946 Stock all
Bonds.— Are subject to call on any Interest d ate on 60 days’ notice at owned by Illinois 'Fraction. For franchise provisions, see V 85 p 100
107U and Int Are guaranteed, p. and I., by Illinois T raction Co. V. 82 Construction was started In Oct. 1907 and bridge was form ally oDen’e d on
a
fund of 19% ot net earnings becam e operative Dec. 1 N ov. 10 1910. $2,542,000 (2 to 5%) bonds outstanding, due 1929 — V 85
100; V. 88, p. 946; V. 91. p. 1328.
*
’
ft908. but not to be less chan 1 % of bonds outstanding
R O A D .—Operates 45.5 miles of track from D ecatur’ to Springfield, with
(23)
T erm inal P ow er C o.
an extension from Buffalo to M cchanlcsburg; 70-lb rails H as 11 m otor
O
RG
A
N
IZA
TIO
N
.—
Organized
to
build
a
power
house
a
t
Venice.
Ill
cars and 20 trailers.
*
5s out, due 1929. Stock, $2,500.
veuice. in .
O FFIC E R S.— Pres., W . B. McKinley; Sec., E . A. MacNutt* Treas Gen "50,000
(24) T o p e k a E d ison C o.
M. M attls; Gen. Mgr.. M. E . C hubbuck. V. 82. p . 804; V. 84, p.“ ’3 9.
O R G A N IZA TIO N .——On Mch. 1 1910 Illinois T rac. Co. purchased prop­
(12> Illinois W estern Railway Co.
and steam -heat p lan t in T opeka. K an. Bonds
Capital stock, $500,000, all owned by 111. T ract. Co. Is building 35 miles erty. Operate* elcctrlo-llght
out, $865,000; d ated 1905. due Sept. 1 1930; Int. (5 %)
of road from Springfield to Jacksonville. 111. W ork has been discontinued a u th ., $1,250,000:
Dont. A Comm. T r. A Sav. B ank, Chicago, trustee. Sinking fund
Ja n . 1912) for the present.
$15,000 per annum ,payable Deo. 15.




'C A R F E N T E R S V IL L E
C la r k s

T o B e lv id e re —

CONNECTING WITH

V ,0 G ilb e r ts

R o c k p o rt. F r e e p o r t,
B e lo it a n d J a n e s v ille

M A P O F T H E

UNQEE

A U R O R A , E L G IN & C H IC A G O
R A IL R O A D
A N D

A lm o r a

E L G IN
j

S ck a u m b erg

C O N N E C T IN G

D IN E S

D e s P la in e s

° S p a u ld in g

c l i 'n t o n v i l l e

Y o u n g sd a le V >

o H unger

c u s e n v ille

A d d is o n

ST. CHARLES
L afo x o

in g a l t ,

GENEVA g /

V////X—

< \D e K a lb

W HEATON
BATAVIA
S N

Vv

H ills id e
M7}. C A R M E L jft
C EM ETERY £ 2 2

W a rren h u rsl

B a ld m o u n d

W ARRENV1LLE

OAK RIDGE
CEM ETERY

D o w n e r s G ro v e

NAPERVJLLE

AURORA
S u m m it
MONTGOMERY

R . R. PARK
W o r th , °

A
y O R K V IL L E

L

W o lfs K ^
■ \ Vi

L

K o r m a n tp w n

I

L

L

•p»s
0 L em ont

B lu e I s la n d o

[ V o i» z x v n x v .




ii

'E R M .IN A L
-er-r a t i /'YM'A

1in s d anle i!

N. A U R O R A

D u ffin °

••TH,AyE>

ELECTRIC RAILWAYS

WAYNE

W asco o

J an ., 1 91 2. |
(25)

U rbana L ig h t, H eat & P ow er C o.

E L E C T R IC

Controls the electric lighting and steam -heating business of U rbana.
E ntire stock Is owned by Illinois T raction Co
STOCK AND BONDS— Date. Interest. Outstanding. M aturity.
Stock $100,000------------------------------ ----------See text ___________
First m tge 556,000 (500)------o 1003 5 M-N
$35,500
Sec text.
First consol m tge $200,000) 1909 5 J-D
79,000 See text.
($1,000) ...............................C entral T r. Co. of III., T rustee. In t. In Chic.
Bonds.—-First m ortgage bonds m ature $2,000 to $4,500 annually on
May 1 until May 1 1920. $20,500 retired up to Ja n . 1912. Of 1st consol,
m tge. $42,000 are reserved for prior bonds and $79,000 are for new con­
struction. Bonds m ature on M arch 1 yearly from 1918 to 1927. They
are guar, by 111. T rac. Co. V. 89. p. 167.
O FF IC E R S.— Pres.. W . B. M cKinley; Sec., E . A. M aoN utt; T reas.,
Qeo. M. M attls; Gen. M gr., M. H . C hubbuck.— V. 89, p. 167.
W ESTER N R A IL W A Y S & L IG H T CO.

R A IL W A Y S

27

STOCK AND BONDS.— Date. Interest. Outstanding. M aturity.
S to c k ------------------------------------All owned by W estern Rys & L ight Co.
F irst consol, and refunding) 1907 5 g J-D
$1,943,000 Dec 1 1937
m tge $5,000,000 ($1,000)./C en tral T ru st Co. of Illinois. Trus ee.
New m ortgage $1,250.000____1910
0%
700,000 ......................
Illinois Val 1st M $2,000,000g/ 1905 5 g
1,500,000 S ept 1 1935
($500 and $1,000)...............d i n t , a t P ortland (Me.) T ru st Co.. T rustee.
Bonds.— Ch. O tt. A Pco. 1st M. bonds are g uar., p. A 1., by W estern Rys
A L t. Co. $1,500,000 are reserved for prior Hens. T hey are subject to call
°n any Int. day on 30 days' notice a t 105. In t. a t M erchants Bank of Can­
ada In N . Y. City. Illinois Valley bonds have a sinking fu n d of 1 \i% per
annum of am ount o ut. Are subject to call a t 105.
ROA D.—O perates from Princeton, HI., via P eru, La Salle, U tica, O t­
taw a, Marseilles, Seneca and Morris to Joliet, about 8 2 miles, w ith branches
from Spring Valley to Ladd and from O ttaw a to Streator, 16 miles; to tal,
es.Road from Morris to Joliet was placed In oper. In Dec. 1911.
O FF IC E R S.— P res.. W . B. M cKinley; V .-P. A Gen. M gr., H . E . Chub­
buck; Sec., E . A. M acnutt; T reas., Edw . W oodm an; A sst. T reas., W . H .
C arnahan.— V. 87, p. 8 1 2 ; V. 9 2 , p. 1 3 7 4 .
(7) N orthern Illinois L ig h t & T ractio n C o.— A trolley road.
►
— Incorporated In Illinois and Is successor In Ju ly 1903
to tne O ttaw a Railw ay, Light A Power Co., sold under foreclosure. FraniPerRet.H^ *or lighting and until March 1924 for railw ay. Has con tract
tor city lighting. W estern R ys. A L ight Co. owns all th e stock.
Date. Interest. Outstanding.
Stock. $250,000 5?,?£DS—
($100)............ ..................................
$250,000 .M .a tu rity.
/«™nge'
.A
1;2^
?
00'
gold)
1003
3
g
J-J
607,000
Ju lyT ruI stee.
1923
($500 and $1,000)--------- c * /ln t. a t A m erican T r. Co.,
Boston.
P
s!n
kfund
and
bonds
cannot
be
called.
R
em
aining
bonds
are for additions, extensions and ne\v properties.
•
AND PLA N T .— O perates 6.5 miles of line, covering th e prin­
cipal streets of O ttaw a, and also runs out of th e city to Ellis P ark , a pleasure
resort on the Illinois R iver. Also has entenslons from O ttaw a to C hau tau ­
qua P ark. Equip., 8 m otor and 3 other cars. Has both steam and w ater­
power plants for generating pow er, which can be operated Independently
io
Is ‘’,,PP|lyIn
£ 134 enclosed arc lights under city con tract and
134? e#essary'
for com mercial
lighting.
F
or.
!
£
*?.?«•
cn d - 0 c t *$27,077.
31 1 9 n * eross, $115,768; n et, after
taxes, $u7.427; Int., $30,350; surplus,
p
Sam e as Chic. O ttaw a A Peoria R y. V. 82, p. 1041; V. 93,

interests th at control the Illinois T raction Co.
O R G A N IZA TIO N .— Incorporated M arch 1907 In Maine, and owns all the
capital stock of the following:
Cairo & S t. Louis Ity. Co.
I Q uincy H orse R y. A Carrying Co.
Cairo R y. & L ight Co.
| M arseilles W ater A Light Co.
Citizens L tg. Co. of La Salle & Peru I N orthern Illinois L ight A T rac. Co.
Cli cago O ttaw a A Peoria R y. Co. I W ichita R R . A L ight Co.
Galesburg Railw ay A Light Co.
|
W estern R ys. A Light, with the Illinois T raction, will furnish through
service betw een Chicago and S t. Louis when Chicago connection Is com ­
pleted. V. go, p. 238.
STO C K —
Rate.
Outstanding.
Dividends.
•Common ($100).................................................
$4,521,800
...................
Prof., $2,250,000 ($100) cum .................6 Q-J
2,413.000
See text
Stock.— Before auth . am ount of pref. stock can be Increased, sjurplusearn­
ings above expenses and Int. for previous year m ust be equal to 9% on all
pref. stock issued and to be Issued. V. 90, p. 238.
Dividends have been paid on pref. since organization.
E A R N IN G S.— Of controlled com panies for calendar years:
Ycar-~ Gross. Net {aft.taxes) O th.Inc. Interest. Pref.D ivs. Surplus.
1910_____$1,079,701 $607,402 $12,717 $356,488 $134,700 $128,931
1909____ 1,548,414 044,556
............
.........................................................
During 1910 $258,673 was expended for m aln t., rcnowals and b etterm ’ts.
R O A D — City lines constitute $83.40 miles of track, lnterurban lines com ­
prise 102.0 9 miles; total of all lines, 186.09 miles of track. City linos have
158 m otor and 44 other cars. ln teru rb an lines have 192 m otor and 84
other cars. On Deo. 31 1910 com panies were supplying 733 arc and 89,474
(8) C entral L ighting C o.—
Incandescent lights. 6 ,8 1 1 gas m eters were In use. 7 power houses, w ith
ORGAxNIZATION, Ac.—Stock a u th . and out $100,000 ($100); all owned
24 generators; total capacity, 9,675 h. p.
W estern Rys. A L t. Co. Coll, tr bonds a u th . and o u t., $250,000 g.
O FFIC E R S .— P res., W . B. M cKinley, Cham paign; V .-P ., Geo. F . Dun­ by
($1,000). Date 1902, due Ju ly 1 1922. In t. (5 g. J - J .) payable a t P ort­
can, P ortland. Me ; V .-P. and Gen. M an., II. E. Chubbuck, Peoria, III.; land
T rust Co., P ortland, Me., trustee.
$V
CCo%k'
oV,a
G
S!UH»
M
ontreal;
T
reas.,
Edw
ard
W
oodm
an.
P
ortland
,
Me.—
O FF IC E R S.—Same as Cairo R y. A L ight Co.
V. 87, p. 814; V. 90, p. 238.
(9) M arseilles W ater & L ig h t Co.
jfL 9
&r k lslit C o. —A trolley road.
RG AN IZA TIO N, Ac. Incorp. In Illinois in 1910 as successor to Cons.
.. yJ?G
AV R .N -— Incorporated on O ct. 5 1908 In Maine, to tak eo v er W Oater
t. Co. Stock out, $52,000. Alar. W . A L t. bonds, $42,000 5s;
«« PIS S ? tl% of
Elec. A Trac. Co. and the Cairo City Gas Co. V Consol. AWLater
A L t. bonds, $30,000 5s.
Iro Elec. A T rac. was a consolidation of the Egypt
2rr%
Elec. L ight A Power Co
«i
am !
—
Date.
Interest.
Outstanding.
M
aturity
C H A RLESTO N , S. C.
Stock, $1,000,000 ($100)------- All owned by W estern Rys. & L t. Co.
R y & L tM 81.000,000 g . 1908 5 g J-D
$675,000 Deo 1 1938
CH A RLESTO N C O N SO LID A TED RY . & L IG H T IN G CO.
TXn1
1 etl CJas Iinpt. Co. of Phlla. Is understood to hold control.
J
M
$
K
&
A
ia
0
»0
0
0
&l
1003
5
M
1)
150,000
June
11923
($500 and $ 1 ,0 0 0 )._ .------c /In t. a t C entral T rust Co., Chicago. Trustee.
O RG A N IZA TIO N .— Incorporated In South Carolina on April 19 1910.
Cairo City Gas Co $75,000 gold 1903 5 g J-D
75,000 June 1 1923 Leases
for a period of 99 years from June 21 1910 the Charleston Cons. Ry.
* 1 • bonds subj. to call on any Int. d ate after lOyrs. at 105 Gas A Elec. Go. Lease guar. 6% on pref. and 4% to July 1 1911, 5% to
iilighting
I O p and
e r power
a t e splant.
8.88 miles of track In Cairo, together w ith the electric Jan . 1 1913 and 6% thereafter on com . stock; also Int. on outstanding
bonds of the Char. Cons. R y., Gas A Elec.
O FF IC E R S.— P res., W . B. M cKinley; V .-P., Geo. F . D uncan; Sec. -S T O C K
Outstanding. Last Dividend.
L. A. M aoN utt: T reas., E dw . W oodman: A sst. T reas., W . II. C arnahan; Stock,
com m on, $1,500,000 ($50)..................... $1,500,000 O ct. 1910, 1
Gen. M gr., II. E . C hubbuck. V. 87, p. 613; V. 88, p. 293, 374.
P referred, $500,000 6% ($50)-------------------- 500,000 Ju ly 1 9 1 l|lH %
(2) C airo & S t. L ouis R y.
Dividends. On pref. ls td iv ., 1% , paid Ju ne 30 1910; O ct. 1 1910, 1 H % .
in latter p art of 1909 W estern R ys. & L t. Co. acquired control.
and sam e am ount quar. since to and Incl. Ju ly 1911. On com ., 1st d lv ..
O RG AN IZA TIO N.— Incorporated In Illinois O ct. 1908 to construct a 1% , paid J u n e 30 1910; O ct. 1910, 1 Vt% .
line from Cairo to E ast S t. Louis. Has a 50-yr. franohlso In Cairo, M ound
O FF IC E R S.— Pres., P . II. G adsden; V .-P ., W alton Clark; V .-P. an d
City a n d M ounds.
M gr., G. H . W aring; Sec., W . F . D outhlrt; T reas.. Lewis Lillie;
„ STOCK AND BONDS— Date. Interest. Outstanding. M aturity AGen.
sst.
Sec. A T reas., C. AI. B enedict:—V. 90. p. 1101; V. 91, p. 214, 1327.
Stock, $ 10 0 ,0 0 0 ...............................................................
$ 1 0 0 ,0 0 0 ......................
(1)
C harleston C onsolidated R y ., G as & E lectric Co.
F irst m ort. $250,000 gold cA rf 1908 5 g M-N
250,000 Nov 1 1938
O RG A N IZA TIO N .— Organized Feb. 21 1899 as a consolidation of the
[ Portland(M e.)T r.C O .,trus.,& F.D .L unt,Portrd
Bonds.—-Coupon bonds are In $1,000 pieces and registered In any desired Charleston City R y. and Charleston A Seashore R R . under Special A ct of
am ount. In t. a t P ortland (Me.) T r. Co. No s. f. and n ot subject to call So. Car. Legislature, granting perpetual charter and gas A d ec. light powers.
Franchises are perpetual. Also owns the capital stock of the C harleston
ROA D.— 11.37 miles of track com pleted and In operation.
Light Co. ($698,150) and th e Charleston-Edison Light A Pow er Co.
O FF IC E R S.— Pres., W . B. M cKinley, Cham paign; V .-P,, O. F . D uncan, Gas
($100,000),
thus controls the whole field of light and transpo rtatio n In
P ortland, Me.; Sec., E . A. M acnutt, M ontreal, Can.; T reas., E dw ard W ood­ C harleston. and
In April 1899 bought the stock of the Mt. Pleasant A S ullivan's
m an, P ortland, Me.— V. 88, p. 293.
Island F erry Co. and franchise of the Middle S t. A Sullivan's Island R y.
On Alay 21 1910 shareholders voted to Issue $500,000 pref. stock. V.
(3) G alesburg R ailw ay & L ight.
O RG A N IZA TIO N .— Incorporated In Maine In 1904, and Is a consolida­ 90, p. 1109. On March 22 1911 shareholders voted to Increase com mon
tion of the Galesburg Electric M otor & Pow er Co. and the G alesburg Ga> stock from $1,500,000 to $2,500,000. V. 92, p. 880.
& El. L t. Co. Franchises expire In 1920. In 1910 a new gas franchise was
STOCK AND BONDS
Date. Interest. Outstanding. M aturity.
granted for 30 years.
Stock com $2,500,000(par $ 5 0 ) ____
Q-J
$1,847,650 Sec te x t.
STOCK AND BONDS— Date. Interest. Outstanding. M aturity. Pref 6% cum $500,000 ( $ 5 0 ) . . ____
Q-J
500.000 See tex t.
Stock $1,500,000 ($ 10 0 ) ....................................................$1,000,000 ......................... Charleston City first m ortgage) 1898 5 g J-J
752.000 Jan 1 1923
New m ortgage $1,500,000/ 1904 5 g J-J
979,000 Ju ly 11934
$1,000) $850,000 gold____c \ T ax free. In t. a t Merc. T r. A S. D. Co., B alt
gold ($ lj)0 0 )........................c] In t. a t P ortland T r. Co., P ortland. M o.,Trus. Consol m tge gold $2,500,000) 1899 5 g AI-S
1,748,000
Mch 1 1999
Galesburg Gas & Elec L t first/ 1899 5 g A-O
350,000 April 1 1919
coupon ($1,000)-------------* /In te re s ta t B alt. T rust Co.. T rustee.
mtge $350,000 ($1,000). .c l In t. a t Portland T r. Co., P ortland, M o.,Trus
Holders
can
also
collect
coupons
a
t
C
arolina
Savings
Bank
C harleston,
A i ! m ortgage/ 1902 5 cur M-S
171.000 Sept. 1 1912
presented before the 1 0 th of the m onth
$205,000 gold ($1,000). _c* i In t. a t F irst N at. B ank, Galesburg, T rustee. If Bonds.—Of
the consolidated 5s, $850,000 were reserved to retire $850,­
novT 3 1.500,000 Issue Is subject to call on any Interest d ate
City R y. first 5s, of which $98,000 have been redeem ed.
a t 105 and Interest; no sinking fund; $521,000 arc reserved for the prior 000Sinking
F und.— A fter 6% dividend has been declared on stock, a sinking
Hens. L. I' . W crtm an, Pres, h irst N at. B ank, Galesburg, Is trustee of the fund of $10,000
per annum becomes operative on consols.
Galesburg Electric Motor & Power Co. bonds. Can be called a t 103.
Dividends.—See
dividends guaranteed under lease above.
RO A D .— lias 17.57 miles of track. 41 cars. Owns power-house, gen­
D. A c.—Owns 4 1 miles of electric road, of which 31 miles In Charles*
erating current for both th e street railw ay and electrlc-llght p lan t, and also tonROA
and
10
miles
from
M t. Pleasant (connecting by ferry w ith Charleston)
does steam heating. See V. 78, p. 2384.
to Sullivan s Island and Isle of Palm s, a pleasure resort on the A tlantic
O FF IC E R S.— Pres., Geo. F. D uncan; Sec. and T reas., Edw ard W ood­ coast.
Including
land
a
t
Isle of Palm s, ferry, Ac. T he com pany has con­
m an, P ortland , Me.; M gr., H. E. C hubbuck, Peoria.— V. 78, p. 2384. solidated all of Its three power
stations; both railw ay system s and light and
pow er division are being operated from sam e stations; the seashore division
(4) Q uincy Horse R ailw ay & C arrying Co.
Does entire (electric) street railw ay business In Q uincy. Principal Is connected by subm arine cable
franchise Is unlim ited, granted In 1865, and exclusive for 50 years. Other
O FF IC E R S. Pres., Philip II. G adsden; Sec., Chas. J . B endt, both o*
franchises m ature from 1922 to 1937.
Charleston; Cashier, W . B. Glenn. Offices, No. 141 Aleetlng S t., Charles
STOCK AND BONDS— Date. Interest. Outstanding. M aturity ton. V. 88, p. 504; V. 90, p . 1101, 1169; V. 92, p. 593, 880.
Stock. $ 6 0 0 ,0 0 0 ($ 10 0 ) ..................................................
$ 6 0 0 ,0 0 0 ...................
F .«tcons*, lldated m ortgage, /1898 5 g A-O
550.000 O ct. 1 1918
C H A R L O T T E , N C.
$550,000, gold-------------- c * iln t. a t P ortland T r. Co., P ortland, M e., Trus
CH A RLO TTE ELEC TR IC R Y .. L IG H T & PO W ER CO .— A trolley ro a d .
ROA D.— O perates 18.45 miles of track; 51 cars.
Sold.—
On
Jan
.
1
1911
the Southern Power Co. took possession of the
O FF IC E R S.— Pres., W . B. M cKinley, Cham paign, 111.; V .-P., Geo. F.
pany. I t Is stated th a t the lighting properties will be transferred to
D uncan, P ortland. Me.; See., E . A. M acnutt; T reas., Edw . W oodman; com
the
C
harlotte
Power
Co.
and
the trolley lines to the subsidiary Piedm ont
Gen. M gr., II. E . C hubbuck.— V. 67. p. 372, 737.
T raction Co. V. 91, p. 1511.
(5) W ichita R ailroad & L ig h t.— Trolley.
O R G A N IZA TIO N .— Is a consolidation In Jan . 1896 of all the electric
O RG A N IZA TIO N .—C hartered May 1 1900 for 30 years. S treet rail­ lighting and street railway Interests of C harlotte. Has since merged the
w ay franchise expires 1933, lighting in 1919. In 1910 entered into a con­ C harlotte Gas Light Co. Also controls the Dll w orth W ater Co. S treet
ay, gas, electric-lighting and power franchises are unlim ited as to tim e
trac t, extending for 20 yrs., for purchase of power from K ansas Gas & Elec. railw
k °- On Sept. 29 1911 increased a u th . stock from $300,000 to $1,500,000. and are said to be exclusive until Ja n . 26 1913.
On O ct. 2 1 t o n Pub. Utilities Comm, granted auth o rity to Issue $165,000
STOCK
AND BONDS.
Date. Interest. O utstanding. M aturity
bonds. V. 93, p. H 92.
Stock (par $50) ......................- ............................................ $200,000 ..................
STOCK AND BONDS— Date. Interest. Outstanding. M a tu r ity First m ortgage $500,000 gold) 1899 5 g J-J
356.000 Ju ly 11929
Stock, $1,500,000 ($100).............................................
$300,000 ....................
($1,000) sinking fund c * fIn t. a t Merc. T r. A Dep Co.. B alt., T rustee.
"
$300,000/ 1900 _ 5 g A
_ 300 000 A pril 1920 Refund A ext m ortgage $2,-) 1906 5 A-O
486,000
April 1 1936
($1.000) gokf-............ .........cl In t. a t P ortland T r. Co., P ortland , Me., Trus
* /In t. a t M ercantile T r. A Dep. Co.. B alt., trus.
New m ortgage $1,500,000 gold 1907 5 g A-O
8 18 .0 0 0 O ct 1 1932 . 000,000 gold ($ 1 ,0 0 0 )...c
bonds
a
sink,
fu
n
d
Is
provided,
operative
Ju ly 1
M. bonds arc subject to call a t 105 on 6 m onths' notice,
1900,of 1 , o of bonds o ut, to be Invested In bonds draw n by lot a t 107 and
idouble-track
\ i R.V.TTPkbridge
1!3! 32 over
m,lesthe°f Atrolley
track
In
W
ichita,
K
ansas,
Including
Int.,
If
not
obtainable
a
t
lower
figure
In
open
m
arket:
$44,000
have
been •
Of the ref. and ext. m tge. bonds, $380,000 arc to retire prior
derland Park and F air Grounds.rkansas River and extensions to Won­ canceled.
liens, $1,115,000 for additions and lm pts. under carefully guarded restric­
„
M cKinley, C ham paign, III.; Gen. M gr., II tions. Sink, fund operative April 1907 of 1% of bonds Issued, for purchase
E. Chubbuck, Sec. and Treas.. Edw. W oodm an, P ortland , Me.; S upt.. of
bonds a t 107>4 and Int., If obtainable; otherwise, such Investm ents as
W . R. M orrison, W ichita.— V. 93, p. O il, 1 1 9 2 .
trustee deem s proper. V. 88, p. 1252. $19,000 have been retired.
(6) Chicago Ottawa & Peoria Railway Co.
R O A D .—O perates 19.31 miles of track and 46 cars.
O R G A N IZA TIO N .— B ought outright In 1009 the Illinois Valley Ry.
EA R N IN G S.— For 12 mos. ending Dec. 31 1910, gross. $290,799: net,
O perates largely on private righ t of w ay. Franchises In various towns $130,581;
Int. and sink, fund, $42,213; surplus, $88,368. In 1909, gross.
m ature m ostly after 1950.
$268,032; net, $121,027; Interest. $35,275; su rp ., $85,752.




an

E L E C T R IC

[V O L . I.X X X X IV .

R A IL W A Y S

Participation Certificates.— Preterred participation shares have no par
lUip h u t are entitled to preferential cum . dlvs. aggregating $4 50, also,
er com partlc shares shall have received $4 In any year, the!rcma!IniIng
after
S , ? B A tS S p d ln tf In any year S I,000,000, shall be paid ratab ly , to
surpi
nnorfScase
s e Vwill
lll th e pref. certs,
but fn
Inalso
certs. be
__ entitled
---- - to, more
, t
PIE
D M O N T T^ RA
O ^ nl#i
p o n com
p letio n of Its { * * «<»ea^ topS 'S n n 55
have
Ig1controlled
'^ .ICTIO
t'h 'c Nr n CPoWcr
Co. fnfArAfltJ1
Interests uUpon
conap'etiod.oUts>1
.V “aiK
ta preference upon distribution ol trust
line and th e line St the Greenville S partanburg & A nderson B y R is pro than
» / the
eac am
ftP ount of $100
, 100 each and accum ulated dividends.
und to
Bonds -C o u p o n bonds In denom . of $1,000; registered bonds $1,000 or
I)0O R G A N IZ ^ T I^ n !— in co rp ? 'ln CN orth,CaroHna?a t^ t h ? rsttocri£. $L 500,^ aA ^sink,
n k .^ fund
u n c f provides*...............
...—
. . -------------. - „ot
provides for redem
ption,—.begin.
M arch 1. .1915,
00°ROAO L ^ S & n ^ d o u ^ t f m n e e of road
U lO fu U o f b o n ^ a . .
A bout “ ^ ^ ’m p f f i ^ p W | . t M 9 n ; n o n e ^ n o p ra tio n
b & L S r e 'S
accrued Interest. See V. 90. p. 558. 025.
O F F IC E R S .— Pres.. J . B D uke. N Y V -P ., W . S. Leo. c n a n o tte .
.Secure the Coll. T r. Bonds (Ja n . 1912).
afl Bonds
(par).
T reas . E . Thom ason. C harlotte.— V. 02. P. 1500.
blocks ana norms
stocks (oar).
11,
None
OHATTANOOGA T EN N .
Calumet^$PsouUi ^Chicago I t "
”•$56", 6 56
•1,000,000 new 1st 5a
•74,000
consolidation
the pC. hattanooga
Co6 «Sa entfre capital stock of Chicago & W estern................................. 72'° ° °Co.
per plan V.of 88.
1497. V . 8 RaUways
9 . p . 2 8 5 . O w ns^ntilra°nd ” ,eotrlc ,lght I
T o ta l.. — ................................................. 830.387.900 $1,130,000
Lookout M ountain R y -C o . D M se n tire s tre e tra Y ban llaea ruI1 t0
5SSSLSSSS>SS.“ S S 5 i,
J n tl V ,^ r"
o W * I e a c V ^ T n ™ S S T K & capital stock ,
' S f f i
* & .“
^anasn, ~
g » P - - ?^ e e n paid sem l-ann.
Common $3,000 000 ($100)h —
m :—-----: : :d - j _ m1,970.000
m m j wMiay
' i _v1 x1956
a I hals been bald Isem
I l-ann.
S Ssince'junc'lV
i M lO ttoo °and
£ d lnel.
T vJan . 1912.
P r e f $2,000,000 5% cum<$100)
R E P O R T .— N et Income available for dividends for year ended
.
F irst
and refunding
™°]i*ga£®)F1
T rustee.
1910 Is stated to have been $1,450,702.
$15,000,000
g ($1,000)--c
(rid,!!g?itv
e I y T ru st, Co.,
J, Philadelphia,
2 , 16 5 ,0 0 0 May 1 1956
C hatt
Rys
1st
cons
m
tge,
seel
1906
5
g
m is
.
A
m
er.,
Phlla..T
rust,
HOARD O F D IR E C T O R S.— C hairm an, Ira M. Cobc; .J am es B. l organ,
te x t ($500*$1.000) g.o* - - - 1in t. a t T ru st (m . ot " o r . a m ^ . JaQ ; m 9 Jo hn
J RM ltchell, Sam uel In su ll.Jo h n A . Spoor, E dw ard M orris. H arrlso
C hatt
Elec
R
y
1st
M
(
I
n
t
°
a
t
M
aryland
T
ru
st
Co.,
B
alt.,
T
rustee,
B
Riley, E . K . Bolsot and T . E . M itten.
g n ot subj to call ($l«000)c J •
m nftor com has received 5% .
O
FF
IC E R S.— See. & T reas.. W . W . Craw ford.— V. 90, p. 53, 108, ao8,
Stock.— I^cf- Chares equally wHh^com *RvsCr mtcre. has been closed a t | 625, 8 18,
1075; V . 91. p. 1629. 1710; V. 93, p. 3 lo.
(1) Chicago City R ailw ay.—A n .cleotrlo road.
r-n n \ imt'/ a t i o M __Incorporated In Feb. 1859. and has extensive sur00*6 ntcCreserverffoV ^V l(n|^lle^”and 7bb{^d^ ^ ^ bbj ^ o ^ fi'a^ lO ^ im 'd ? n t* .
o c^ a n y ^ n t^ d a tc after
t t W I n * New Y ork or P hil*
d% l e n a , : - l a n A . . W V - * P "»- O ct. 1909. and sam e am t. June % 8 a e rThet ?allway^has* abandoned Its producing plants but retains
q u ac'crly sln ce to a “ d '° ^ uendm g Dee L 31 1011: Gross, $943,172; net after
t a f 4 R y “ l i T & t . $239,7, 3 ; au&
* - y0,0ol 1 ,r at
RO A D .— N ot' Including Lookout
T and girder rails. ordinances ^ e re approved a t the city election on April 2 1907 ,
tM dede outUne'ofCt ^ e ni^ ln a n c e s,0 onor tot tS ch lO T ^o O ty R ailw ay COj,
S. H ahn;
SMc ^? .fFand
'
g
g
S
T
o
L
.E
s
ta
b
ro
o
k
‘A
sst.
Seo.
and
A
sst
T
reas
D
.fl.
84G.
1
- W - .E ^ o lle iu ^ O m oe^C hattanooga, T c n n .- V . 89, p. 285,
n r0jfe°t^A
O wns
ns'and
th e I M
tangible awn as
d " intangible property oi ™
a t don
ate S)I
01
Or?RG
A N IZA TIO
TIO NN a—
, uw
a n u ccontrols
o u v ^ ^ the
a)) Lookout
owne(, byIncline
the cCo
h a ttaand
n ooga
theitieordinances
fixed at i-l.0 0 0 .v o u .
lQ t a ' y y ear,
RaUway l L l j t Co Private right of w ay except short piece of track on thorlzed by U '» e ^ e n *he
p ^ r t y ot the
system s .o r eUber
whjch franchise^ expire^ hi 1926. _
?I
M aturity.
, * r v||l;je a t d n tc c t ordinance. p U - t o * * * o rc.m blU ^ tton
STOCK AND BONDS.
Date. Interest, outstan
Stock ($3 0 0 ,0 0 0 ).,- —
--S - sS?e°text
Bands'— $5670^0 W b e e ii'a u th o rlre d to be*I'ssued. No'ne Issued yet
i S L f l o ^ & o f electo
the
city. and* 45%
to the com
panies, b ut a deflclt.ln any year »
v'
_
M . i__ .. ——i ) .
p n l t f l o m i a n t VI
S: I:
G. L. E stabrook 323; V. 87, p. 226.
made”good
l^ e 'i^
f"htne 'g gro ss rw
r m aintenance
companies are required to set Maside
6 /0'S oj
^ elp‘ ts^o
to C0Vcr
renewals
B olleau.— V . 83, p
and
repairs
and
g
R
ISnds^s
not
used rem ains
C H IC A G O . I L L .
to the city or Its licensee upon purchase. But If
AURORA ELGIN & CHICAGO R R .-T h lrd -ra ll eleetrlo (see M ap on the two funds are asses
not sufficient & r the purposes nam ed, the companies

O F F IC E R S .— Pres, and Gen. M gr., Z. V. Taylor. V . 66, p. 384, V.
p. 890; V. 88. p . 1252; V. 01. p. 15U»

i l S
pm400. HaTexelSslVe^eonUaeTwRh M eteopofiun l^ e st Side E levated to j ? S e T n d js

5

5

s ^ S

5

^ | S
g fp S S K S f^ S ?

era R y.. .which runs from W est C hio.to Geneva, ab
Cp. p u . * . i t u elate
after the th ird year, i ne w u . •« »
aggregate for the construc' s t o c k AMD BONDS— Date. **v;vy
100 000 J a n .’12,
to
furnish
funds not
exceedingsubw
$® ^00'J0°'
*? buUt and
owned dbyth the
city,
Common
$3,100,000
($100)-----------n
'r
*1
100
000 Ja n . ’12,
tlon
of
a
central
down-town
ay
to
bo
and g,™“ea“
ree-flftha
P?e™W.U)O.OOOi ($JoJ))6Ji cum . . . . 5 O jJj
[loSofiOO
July 1 1946
_____I two-fifths of the cost to be borne
V'I,ir A n Cltv Itv ordinance llxes
F lrst and refunding tnortfragel 190# “ »
. t V””c o .( Clcve.’,
and
also
dt oo .. Chio.
I by the
| Section
"T he com$15,000,000
ortV ,. TT
T rA pr
n e '^ChJcago_RsJlways;_
> c^investm
e?tm ent
M fulim.tat.O;count
m ltT
tton o f"h of
7 e o^ m p Cxt(;ns,0[13
a¥ y as’ follows;
See
t e x _ tgold
- _ -<S>- ^- ,h , .' aI no n, kCV
i l :AS.o4TuStcI,N
15 2.950.000
15 Ohio
1941 the itcapital
or subw ays oeomr on
A E
$3.
cannot
Elgin
‘j } ur.“
r nn* ^
m l, 0nnm
Amcr.
|^ .^ ^ J ^ J P ^ ^ r n e r a n n ^ m .'a s In Sectlonj-th
S hereof
tojnorease
m tge.a
$2,000,000
($
0 0 ) jin?
In t, aatt Am
cr TTr.r *& Sav._Bank,
bay. B k.. N . Chicago.
at th0-proyldcdv
ret„rn thereon
over
Y c ity , nlles of sing e track per a u u u m .^ thereafter 6% cum . tS t0 -*ov? th e “ lnrerestT harge of 6% thereon by this ordinance authorized
be reduced to an Inadequate or unreasonably sm all a m o ^ ^ The
B<mdj^—
O f'the'M 5.OOO’.OO5
J otIkIh h 'iy ar2c5'Reserved' for* p d o r'h e 'n s^ 9and
The franchises granted
a sum n o t exceeding the
first
and refunding
bonds, $5,000,000
and self-supporting aenulsl^ a s r « S f IS S S I
- = - o , ®
n . 1 6 1 8 . o n t h e A u r o r a E lg in & C h ic . R y j a l - g J - ^ ’ h S v e b e 'S n r e t i r e d r a t e s o f ^ f a r e .
o p e ra te d .-V n d e r a n o p e r a t i n g a g r e c m c n c e n o
f e 0 0E l« ta P A u r S r i i S o u t S b o n d s a 's fn /c fw , m a is 31 V .O O O P c ra n n . f i r s t tered
t e ^ “ Into in* 1908,
f M!i operates
o p e r a t e s the
t h e C alum
a l u m et
e t !& S o u t h C h ic a g o R y . a n d w ill a ls o
? y r ^ ° a n tf $ 2 ^ , 00" am iS thereafter?^5272^00 V ^c ^ b ee n purchased and are direct the work ot lts rehabilitation.
Southern SI. Ilu- Operated.— U nder °R “ na “ oe wnlcli
" B u n iwnent Intok otforce
tho
April 1 1909. operates the Southern S t. Ity . anu wm e a i.j "
jbahllltatlon
ot
th
a
t
road.
nutstnndlno.
LastD
\v..&
c.
^ o rM w o # * "1July 1909° dividend I n c r e S t o t H % It no sa ni 0 a rnou n t DJiUl Stock,$19,000,000
STOCK AND BONDS—
'" ftO
A xM30
u o $*1»
1 8 000 000 See text
($100 - -Date.
----TeX
uoo ooo Feb 1 1027
« S Jra n ' 1 ^ 9 0 9 . % . COT n T 9 % ^ d« l . First m ort. ($1,000). gold c * r {F\ “°7 T ru st & Sav. Ilk ., Chicago, T rustee.
3%
H ™ dlng Ju ne 30^91 U n
Bonds.—There Is no lim it to the
f ^ ^ d ’lnterest on‘or
R . e pIno Jr9 t1 .2^, FJ aorn .,year
BaL,
the above m ortgage. Bonds can b? ca“ c.the
c|." t,Chicago „city
„ „ ordinance,
13%) Surp. under
(6%) $93,000
before Feb. 1 1912. b u t not thereafter. U nder1redeem
bonds a tb in
pard s before
Year—
.E
a
r
n
s
.
E
arns.
In
c$186',000
$34,763
v
>
V
*
..
liaiin
have
1910-11 $ .774,992 3721,044 S lo.49- $ 4 3 4 ,0 ^ »186;000 93 000 52,837 f f - S J 1 purchase th C id ty has. th e I ' ^ f ^ ^ . o ^ O ....O ...O l.on.la
2 4 %- 1894-1900, 12% ; In
_____ _____ _
/0.’ . A* Ir$ HneoV, 9nnH
(
trscKs
0 1S
iuu •w>ith»s'*lines
“ “ from
B atavia
and
Aurora;
S
s“ " W Sheaton.rVnSElgin. S
S Yorkvllle
S also
1901 . iMq arch
y i % Jri.1902 -09 r
to
W heaton,
Geneva.
and 2H®/o
30; Ju ne 30, 2 H % IS ep t. 30, 2 M % , D ec., 2'H % {ini1 1
from
E
ld
n
to
O
a
n
ie
n
ter^
llle
,D
u
n
d
e
e.
M
.
C
Chicago
to
Geneva.
T
otal
ex.
B ristol, and a line from W heaton througn
19 0 ,b“ . trac^ ra|is> 80 lbs.; in i nt l M ch., 2 m % ; Ju nc, 2 M % ; b e p t., 2 yi A , single track , all now operROAD. &c.—Com pany J ^ n s 250.77 mlira of
of'Chicago, extending
single
track
,
166
“
‘'e
?
.;k
J^
lS
a
W
b
T«id^^girder
rails;
114
passenger
cars;
ated
by
electricity.
.S
y
s
te
m
covers
t
h
e
^
S
t
i
^
7Qth
S
treet
and
betw
een
In te ru rb a n and city lines, 60-9 o- id . 1 anu g u other
u e .-------. . . . , cars,
9 7 127.
cars;
the centre
o u ilc r andV hc L ake. Cars required by
2 express
snoxv-plcows
P,ea a h yv ..'-P.’,
M. J. toMtal
andelbauin;
O F F IC Ecars;
R S .—6 Pres.,
L. J.Wand
olf. s^y“
Cleveland,
‘ • \ “1jibrn:
AuUltor c .See.
E. from
ordinance
S . 1i 1908,
1908 ? I o 5 double truck ears. 251 single-truck ears; to tal.
ordinance Jan
and
T
reas.,
H
.
C.
Lang,
Clevelanel.
A
sst.„
.
tbb
f
11.
Executive
offices,
Flenner; Gen. M gr.. Edwin C. Faber,a W h eato n .^1 :i l # 143 q 150b. v .
, 3 1 frVm'operation:
1911. Sec V. 92,
1,0REPO R1L—J 0r,.l?,™ ?“ ths ending
:i$ Xp.6 792.
7 3 , 960
9 T H o 3 / v . blC.1CpV « 7 ^ 1 o T 5 ; V 7 ^ ^ 1 P563; V .'93, p. 1105. 1630.
Pass.rots.Gn'cl.So.St.H y.) $9,762,275
income (contractors'
R ects. from other sources- 343,lou O ther
proflt, brokerage, A c.). 439,i so
T otal receipts------------ $10,105,444 T otal in co m e ....................$3,1i2 'in 2
Oper. exp., taxes, renew Is,
Interest on bonds_________1,127,/oa
Int. on cap. luv. and net
earns of SouthernS t.R y. 8,696,509 N et Incom e........................ * l ’25n'nno
§Sl‘?SfS R y : and K f e a f o ’ f W « t e r £ T h « o properties eom pdse 407
N et e a rn in g s ______.--$1,508,935 Dividends (10% )...............- 1,800.000
outlfne of pfan f ? ^ . ^ . T « 5 ? W t i i S S ® °E. H G ar?. A. J. C ity's proportion, 6 5 % .. $829,914 S u rp lu s..........- _________ $185,432
C o-s proportion, 4 5 % ... $679,021
In t. on capital ln vcst't--i$ 1 .9 9 4,93 9
Ba^ c r i N Sf a W § ^
Date.
that
i The “ interest on capital Investment.” SI .004.030 .lsIs^ to
a tc certified
e rt^ ^ by
g S S S S S S S a W S S :::::
0
,ani^-i%5? board
of supervlslngenglnccrs, as provided by the ordlnancoot
COgold UsSln k m |° fund'_°.<c’’& r"}In?!?n ChleA'or N* Y .' 1st T r. dcS.B.Chlc .Trus



J a n ., 1 9 1 2 . |

E L E C T R IC

O FF IC E R S.—Chairm an E x.C om ., Ira M. Cobc; P res., L eonard A. Busby;
V .-P., H. B. H am ilton; See. and T reas., F. D. Hoffm ann; A ud., J. J . Duck.
— V. 86. p. 284, 475. 544. 545, 668, 856; V. 87. p. 677, 1010, 1419: V. 88.
p. 2.30. 293, 748, 819: V. 89. p. 1279; V. 90, p. 53, 372, 625, 767. 771; V. 91.
p. 1629; V. 92, p. 724, 792, 1435; V. 93, p. 345, 666, 1599, 1667, 1785.
(2) Calum et & South Chicago R y.— Electric.
O RG A N IZA TIO N .— Is a consolidation fofm ed In 1908 of the Calumet
Electric Street R y. and South Chicago City R y. In accordance w ith tlu
term s of ordinance passed by the City Council M arch 30 1908. Lines
arc located in the south division of the city of Chicago. T he ordinance
grants franchises until Feb. 1 1927 and provides th a t the city Is to receive
55% of net receipts after allowing for operating expenses, taxes and depre
elation and 5% on present value, together w ith am ounts expended for Im­
provem ents and extensions. Interchange of transfers with Chicago City
R y. by establishing four transfer zones Is provided, but in three of these
zones free transfers cannot be com pelled unless n et earnings for preceding
year w ere equal to 5 % on the investm ent and the com pany's share of the
net earnings am ounts to 1 \i% additional. City m ay purchase property
on F eb. 1 or A ug. 1 of any year upon six m onths’ notice, for present value
which Is llxed a t $5,000,000 plus am ount expended for Im provem ents,
additions and extensions, b u t only for m unicipal operation, w here purchase
Is m ade prior to F eb. 1 1927. W ith an addition of 2 0 % In price, city may
also purchase for the purpose of turning property over to other parties (If
purchased for Chicago City R y. only 12% additional need be paid), but
this additional sum need not be paid where these other parties agree to pay
over to the city all of the prollts above 5% on the purchase price. V. 86,
p. 1223. On Jan . 31 1911 certified value of property and additions thereto
was $7,888,013.
In Dec. ’10 Increased stock from $5,000,000 to $10,000,000. V. 91, p.1628.
Operating Agreement with Chicago City Railway Co.—On June 29 1908 Chi­
cago City Council approved agreem ent by w hich Chicago City R y. agrees to
operate Calum et & South Chicago R y. Co.’s street railw ay system , and to
place In operation the zone system of transfers, as described above. The
la tte r com pany agrees to pay actual cost of this operation, and Joint costs
arc to be paid by both com panies In proportion to gross receipts of each,
w ith certain exceptions. In addition, Calum et & South Chicago Ry.
will pay Chicago City R y. H of the actual saving In oper. exp. resulting
from Joint operation, such saving to be determ ined by a board of engineers.
Sec V. 87. p. 224.
STOCK AND BONDS— Date. Interest. Outstanding. M aturity.
Stock, $10,000,000 ($100) ................. ................... $10,000,000 ......................
F irst m ortgage rehabilitation! 1908 5 g F-A
4,000,000 Feb 1 1927
($1,000) gold no s f.c*& rj In t. a t F irst T r. & Sav. B k„ Chic., trustee.
Bonds.—The Issue of 1st m tge. bonds Is Indeterm inate, am ount to be
lim ited to am ount of new w ork done on property. They are subject to
call a t any ln t. date before Ju ly 1 1912 a t 105 and Int.; thereafter, only In
case city shall purchase property a t par and ln t. on any Int. date. No s. f.
E A R N IN G S.— For year end Ja n . 31 1911 (Joint partnership account)
gross, $985,477; net, after taxes, $295,643; Int. on Invest., $371,551; dcf.
due co. from net of succeeding year. $75,908. For year end. Jan . 31 1911
(Individual account). Int. on cap ., $371,551; other income, $80,854; Int. on
bonds, $227,074; d lvs., $100,000: surplus. $124,731.
RO A D .—-Owns and operates 114 miles of track reaching South Chicago,
P ullm an, W est Pullm an, A uburn P ark , B urnside and M anhattan Beach.
Also extends from Jackson P ark to 106th S t. and the Indiana S tate lino along
Lake Shore and both sides of C alum et R iver. 70, 75, 83 am i 85-lb. rails.
O FF IC E R S.— P res., L. A. Busby; V .-P., J . L. M atson; See. & T reas.,
F . D. Hoffm ann; A nd.. W . W . III11.— V. 88. p. 374; V. 90, p. 53. 1044,1483;
V. 91, p. 1628, 1710; V. 92. p. 794, 880, 1026; V. 93, p. 345, 666, 1599.
(3) Southern Street Railw ay Co.—A trolley road.
O RG A N IZA TIO N .— Incorporated In Illinois as a reorganization of the
Chicago General R y., which was bid In a t foreclosure sale on Sept. 30 1907
by the Southern Street Railway Co. V. 85, p. 863.
In Dec. 1910 Increased stock from $800,000 to $2,400,000; Increase being
used to retire the $1,600,000 1st M. 5s. V. 91, p. 1631, 1712.
Operating Agreement with Chicago City R y. Co.— Oil April 1 1909, the
ordinance by which the Chic. City R y. operates the property w ent Into elfcct
when the City C om pany took possession and began operating w ith 25 new
cars, retiring an equal num ber of old ones. The $800,000 1st 5s of 1904
were all retired, and tru st deed released, and new bonds provide for
rehabilitation requirem ents and for refunding of old lsts. The Chic. City
R y. operates the property and the Income therefrom (after allowing 5%
return on the Investm ent) Is divided between the city and the Southern
com pany under the term s of the ordinance as In V. 88, p. 1003, 55% going
to the city and 45% to the S outhern. The city purchase price as fixed by
the ordinance am ounted on Jan . 31 1911 to $1,516,209.
STOCK—
Date. Interest. Outstanding. M aturity.
$2,344,000 ___________
Stock, $2,400,000 ($100)................................... ......
Bonds Issued under 1st m tge. of 1909 arc from tim e to tim e canceled and
stock Issued In exchange. In Dec. 1911 no bonds were o ut. b ut $56,000
had been depos ted under Chic. City & Conn. R ys. coll. tr. In lieu of bonds
ahercartcr
t par. to be issued to th a t am ount and then converted Into capital stock
RO A D .— Owns 18.81 miles of single track; extends from W abash A ve. to
40th Ave. ou 22d S t.; also on 25th S t., Law ndale A ve., Kcdzlc A ve. and
Throop St.
O FF IC E R S.— Pres.; L. A. B usby; V .-P., W . W . Crawford; Sco. & T reas.,
F. D. Hoffm ann; A ud., W . W . HUl.— V. 88, p. 1003 1063; V. 90, p. 54;
V. 91, p. 1631, 1712
(4) Ham m ond W hiting & E ast Chicago Railw ay Co.—A trolley road.
O R G A N IZA TIO N .— Incorporated In Indiana In Jan . 1910 as successor
to H am m ond W hiting & E ast Chicago Electric R y. Franchise expires In
1954. Pow er Is furnished by Calum et & South Chicago R y.
STOCK—
M iles. Dale. Interest. Outstand'g. Dividends.
Stock $1,000,000 ($ 10 0 ) .......... 2 5 .9 4 ......................... $ 1 , 0 0 0 ,0 0 0 _.................
F irst m tge, $5,000,000, gold?
1910 5 g F-A 1 ,0 0 0 ,0 0 0 Feb. 1 1930
($1 ,00 0 )------- ------------c & r\In t. a t F irst T rust & Sav. B ank, Chic., tru s.
Bonds.—S ubject to call a t 105 and ln t. E . K . Bolsot Is also trustee.
R O A D .-O w n s 25.94 miles of track , extending from S tate line between
Illinois and Indiana a t 108th S t., Chicago, to W hiting, E ast Chicago and
Ham m ond in Indiana, and operates In connection w ith Calum et & South
Chicago Ry. to 6.3d S t. and Madison Ave. In Chicago. 11 m otor cars; 5
other cars; stan d ard gauge; 80-lb. T rail.
O FF IC E R S.— Pres., L. A. Busby; V .-P., W. W . Crawford; Sec. and
T reas., F . D . H offm ann; A sst. Scc.-Trcas,, C. A. W eber; Gen. M grs., A .L.
Drum & Co., 76 W. Monroe S t., Chicago.— V. 79, p.103,
• "CHICAGO & SOUTHERN TRAC t To N CO.—An electric road.
Receivership.— On O ct. 11 1910 Jos. E . Otis and M atthew Slush (Pres,
of co.) were appointed receivers, Int. on bonds being In default. V. 91,
p. 1025, 518; V. 90, p. 626, 302. A bout N ov. I 191 1 Judge W alker In Cir­
cuit C ourt authorized the sale of the property a t foreclosure. V. 93, p.
1259. It was expected the sale would take place som etim e In Ja n . 1912.
In Dec. 1911 the City Council failed to pass an ordinance providing for the
acquisition of the lines w ithin the city by the Chicago City R y. It Is ex­
pected ordinance will be re-introduced.
O RG A N IZA TIO N .— Incorporated In 1904. In Ju ly 1907 purchased the
Chicago Electric Traction Co. (successor to the Englewood & Chicago Elec­
tric R y.) a t foreclosure sale. Of the $5,000,000 bonds given below, $2,500,­
000 were used to build the road from H arvey to K ankakee, and to purchase
the Chic. Elect. T rac. Co. running from H arvey to Chicago. The rem aining
$2,500,000 Is to be used In com pleting road to L afayette, or any other exten­
sion. Private right of way outside of tow ns.
STOCK AND BONDS— Date. Interest. Outstanding. M a tu rity.
sto c k , $5,000,000........................................................... $2,500,000 ......................
F irst m ortgage, $ 5,000,000-.. 1907
5
2.500,000 J a n .11937
RO A D .— O perates 72 miles of track betw een Chicago (63d St.) and
K ankakee. Extension to Lafayette Is contem plated.
O FF IC E R S.— P res., M atthew Slush: Sec. F. M. Lowes; Treas. V. R .
R onk; S u p t., W . B. T arklngton.— V. 85, p. 159, 283; V. 90, p. 302, 626;
V. 91, p. 462. 518, 1025; V. 93, p. 1259, 1725.
'V
'
'

R A IL W A Y S

29

occurred on W isconsin Division bonds Ju ly 1 1908. V. 87, p. 96. Sink,
fund due Ju ly 1910 and 1911 on R y. 1st M. of 1899 was not paid.
Foreclosure S u it.— In N ov. 1908 W isconsin DIv. bondholders’ protective
com m ittee approved the action to foreclose the m tge. on the Wisconsin
division and authorized the filing of a bill for sim ilar action w ith regard to
the Illinois division. In Dec. 1908 Judge Grosscup entered an order con­
solidating the various foreclosure suits. V. 87, p. 1237, 1477, 1604. The
consolidated bill sought to establish and foreclose an equitable lien In favor
of all the holders of W isconsin bonds against the Illinois pro p erty , on the
ground th a t some $2 , 0 0 0 ,0 0 0 of th e proceeds of these bonds were used for
the benefit of the Illinois portion of the line. V. 87, p. 1532, 1663. This
threatened to displace the Illinois division bonds' first lien on the Illinois
property, and a protective com m ittee of Illinois division bonds has been
form ed. V. 87, p. 1604, 1663! V. 8 8 , p. 374. In 1911, however, a com m it­
tee of Canadian holders of W isconsin D lv. bonds purchased practically all
the Illinois Division bonds. Decree of foreclosure under the Illinois DIv.
m tge. was signed by Judge Grosscup in O ct. 1911 (V. 93, p. 939), b ut on
N ov. 24 1911 su it was referred back to M aster (V. 93, p. 1461), and Is still
pending.
In Ja n . 1912 a new reorganization com m ittee w as form ed, composed of
representatives of both the W isconsin and Illinois dlv. bondholders, and a
plan of reorganization Is looked for sh ortly. V. 94, p. 206. As to tenta­
tive reorganization plan form ed In Sept. 1911, see V . 93, p. 730: also V. 91.
p. 518; V. 92, p. 260, 321, 1635.
On Ju ly 28 1911 Judge Grosscup m aintained th a t th e entire $10,000,000
of W ise. Dlv. bonds had been validly Issued. V. 93, p. 345.
T1,O R G A N IZA TIO N .— Incorporated under th e general railroad law s of
Illinois and W isconsin and has the sam e privilege as steam roads. & Thls
com pany was successor by purchase on Dec. 31 1902 of the C hicago f M il­
waukee Electric Railw ay Co. Leases the Chic. & Mllw. Elec. R R . o W is­
consin for 50 years from 1905, and guarantees its bonds, both principal
and Interest. Does a freight business. Franchises, except 4, are said to
be perpetual; serves 25 cities and towns.
STOCK AND BONDS— Date. Interest. Outstanding. M aturity.
0?,°V
.......................................................
.$5,000,000
C & M E^ 5RrJ00
l/is<0 VtM
. $ 1.50().00()i
1899 5 g J -J
1,080,000 Ju..........
ly 1 1919
g ($1,000 each) c; m ay b e lln t. at S tan d ard T ru st Co., N .Y ., and CleveM e re st d ay a t I land T ru st Co., T rustees, Cleveland T rust
n i?5*awdJ?>tCir<;sL
- l . 1902
Co- andS s Royal
Co., Chicago.
0
}8 t M.- J5.000.-f
J - J T rust4.000,000
Ju ly 1 1922
000, gold 0 1 ,0 0 0 ) --------- ci In t. a t M erchants' Loan & T r. Co.. Chicago,
, .
I T rustee, or N at. B k. of Com merce. N . Y.
W isconsin Division, 1st m tg.l 1905 5 g J-J
10,000.000
Ja n 11925
guar,
J10.000.000 )Inr terest
W est. T&r.&
hic..T
rustee
0 1 .0 0 0 gold.
)....................................jo
CJ. S. Ma tortgage
T ruS stav.B
Co..k.,C
New
York.
Receiver's
($1,000) _certs
_ . . 51.000,0001
.. . . . . . J 190S 0 M-N 11 1,000,000 N o v 5 1911
Car tru st certfs Jan . 1 1912__ _____ __________
*83,631
• Includes $49,833 III. Dlv. and $33,798 W ise. D iv.
......................
Bonds.— Of the $5,000,000 Railroad Com pany bonds authorized, $1,000,­
000 are reserved to retire a like am ount of bonds of the R ailw ay Com pany.
Bonds are not subject to call. See V. 76, p. 211: V. 78, p. 1496.
Sink, fund on the R w y. bonds of $50,000 per yr. was to begin Ju ly 1 1910,
b u t not paid. No m ore th an $1,080,000 of these bonds outstanding will bo
Issued. These bonds are subj. to call on any ln t. d ate a t 105 and Interest.
The Wisconsin Dlv. bonds are guar., prln. and n t., by the Chic. & MU.;
El. R R . of 111. No s. f. and are not subject to call. Of the $10,000,000 re­
ported outstanding, $1,157,000 Is pledged as collateral for notes and loans.
A $2,000,000 Issue of 6 % notes was authorized In 1907 (V.85, p. 920),
but It Is understood th a t not m ore than $ 1 2 1 , 0 0 0 of these notes were Issued
against which $203,000 of W isconsin Dlv. bonds arc pledged. V . 8 6 , p . 3 3 7 .
1 he receiver’s certificates are a prior lien only to the $10,000,000 Wlscon®Jn
w i925V. 8 6 , sp.Ono£«
856,dli2
1159,
1223.T heY are subject to call a t option of receiver.
Latest Earnings.— For 6 rnos. end. June 30 1911 sec V. 93. p. 526.
R EPO R T S O F E X P E R T ACCOUNTANTS. See report of A rthur
Young A Co. (engaged by the receivers) In V. 87, p. 225; also th a t of
M arwick, Mitchell & Co. (engaged by Pres. A. C. F rost, and criticising the
first report) In V. 87, p. 1476.
Earnings of system , as re-stated by A rthur Young & Co., om itting all
freight earnings and expenses of construction m aterial hauled, were as
follows (we also add the figures for 1909 and 1910):
Calendar
Gross
Operating
Net
Bond
Balance
Year—
Earnings, and Taxes. Earnings.
Interest.
D eficit!
1004 ................. $240,870 $180,516 $60,354 $214,000
$153,646
1005 ------------- 302,663
242,682
§9,981
309.000
249.019
369,976 71,289
1006 ................. 441.265
466.500
395,211
1907 ................ 556,847
458,950 97.897
696.500
598.603
1008 ................. 597,977
487,788 110,189
*54,000
56,189
1909 ................. 921.019
686,790 234,229
a l 12,379 sur.121.850
1010 ................. 963,180
752,982 210,198
all9 ,7 4 8 su r.90.450
Interest has been paid only on first m ortgage of 1899. a Includes
$05,748 in t. on receiver’s obligations and $54,000 in t. on first m tge. 1899.
RO A D .— O perates 170 miles from E vanston through W aukegan, Keno­
sha and Racine to M ilwaukee. Including extension to L lbcrtyvllle. Line
from E vanston (where connection Is m ade w ith Chicago) to W aukegan was
opened In Aug. 1899, and extension to Llbertyvlllc In S ept. 1903, and to
Rockefeller In March 1905; 38 miles additional to Zion City and Kenosha
were placed In operation Dec. 2 1905 and the line to Racine on S ept. 1 1906.
Line opened to Milwaukee O ct. 31 1908. Practically all the road is built
on private right-of-way and road Is double-tracked throughout. Ralls,
65 and 85-lb. V. 67, p. 900.
O FF IC E R S.— Pres., A. C. Frost; V .-P ., Gordon A. R am say; See., Pierre
G. Beach; T reas., W . O. K llm an.— V. 87, p. 96. 225, 936, 1237, 1476. 1477.
1532. 1604, 1663; V. 88, p. 99, 158, 374, 504; V. 90, p. 372; V. 91, p.518.
1025; V. 92, p. 260, 3 2 1 , 525, 955, 163 5 ; V. 9 3 , p. 2 8 6 , 345. 526. 730. 939,
1461, 1785; V. 94. p. 67, 206.
CHICAGO RAILW AYS CO.— An electric road. (See M ap on page 30.)
Fronosition to Unite Surface and Elevated L ines.— In Dec. 1911 negotia­
tions between the city and H enry A. Blair, representing Chicago R ys.; I.
M. Cobc, Chic. City & Conn. R ys., and Sam uel Iiisull. the Chic. Elev. R ys.,
ror
of the surface and elevated lines, were progressing favor­
ably.the V.m erger
93, p . 1190, 1599.
7i AT1? 1**-— Incorporated In Illinois In O ct. 1903 and on Jan . 25
I908acqulrcd a t foreclosure sale the property of the old Chicago U nion
T raction, com prising the lines of the N orth and W est Chicago S treet R R s.
The purchase was made 1 under a modified plan of reorganization and read­
justm ent dated O ct. lo 1907 and outlined In V. 85, p. 1269; see also p. 1576
branchiscs. On Feb. 5 1907 the City Council passed ordinances pro­
viding for a settlem ent of the relations betw een the city and the street
railw ay com panies. V. 84. p. 338, 390. The franchises granted by the
ordinances expire Feb. 11 1927 and were approved a t the popular election
held April 2 1907. On O ct. 10 1910 supplem ental ordinance was passed
expiring Feb. 1927, covering lines of Chic. Consol. T rac. properties. V . 9 1
p. 1025.
In the rem arks concerning the Chicago City R y. on a preceding page of this
publication will be found a brief sum m ary of the m ain term s, requirem ents
and conditions of these ordinances. A very extended outline of the same
was printed In th e ’’Chronicle” of M ay 11 1907, pages 1123, 1124 and 1125.
to w hich the reader Is referred for detailed Inform ation.
The ordinance for the Chicago R ys. Co. provides th a t the valuation of the
properties acquired shall be deemed and considered to be $29,000,000 (the
value fixed by a board of expert engineers acting for the city) plus $1,779,875
for expenditures from the date of the valuation on Ju n e 30 1906 to Feb 1
1907, m aking total valuation of properties as recognized by ordinance
$30,779,875 as of Feb. 1 1907. W ith the furth er expenditures already
m ade and upon th e expenditure of proceeds of all bonds now outstanding
the valuation of road, equipm ent and franchises will be not less th an S76 863,605. V. 87, p. 677; V. 88, p. 504.
* ’
All expenditures for reconstruction and extensions are being m ade under
the direct supervision of a board of supervising engineers headed by M r.
Blon J. Arnold, and the com pany Is required, under conservative restric­
tions, to advance m oneys for the construction of subw ays by the city.
CHICAGO & M IL W A U K E E ELE C T R IC R R .— A tro lle y ro a d .
The
expenditures for reconstnictlon and extensions. Including any contri­
Receivership.— On Jan . 28 1908 Judge Grobscup appointed W . Irving
for subw ays, after; * eb. 1 1907 are to be added to the value of the
Osborne, Chicago; D. B. H anna, VIce-Pres. C anadian N orthern R y., To­ butions
properties
recognized by the ordinance, together w ith 5% of such expendi­
ronto, and II. A. H augen. Pres. S tate Bank of Chicago, receivers. George tures for brokerage.
As com pensation for Its services In construction,
Q. Moore was subsequently su bstituted for Mr. H augen. Sec V. 86. p. 284, the com pany will receive
additional 10% of all expenditures for recon­
337, VS?.3 *. In
1911 W . O. Johnson (a director of th e W estern T ru st struction and extensions, anexclusive
of am ounts contributed for subw ays.
Co., Chlo.) was appointed as receiver by Judge Grosscup, th e form er
com pany agreed to lower and reconstruct the tunnels under the
receivers being retained as advisers. V. 92, p. 525. April 1908 Judgo The
Chicago
R
iver
a
t
W
ashington.
La
and Van Buren streets. The
Grossoup authorized the W isconsin corporation to Issue $1,000,000 receiv­ ordinance requires through routing Salle
over certain lines of the Chicago
ers’ certificates to com plete road (V. 86, p .9 1 7 , 1159, 1223). Interest duo
y. Co. and the exchange of transfers w ith th a t com pany. The lines
Ju ly 1 1908 on the $4,000,000 bonds of 1902 Is In default: th e Interest due CofitytheR Chicago
City R y. Co. cover w hat Is known as the S outh Side of Chi­
on $1,080,000 1st M. bonds of 1899, however, has been paid. D efault also cago, and the lines
of the Chicago R w ys. Co. the N orth and W est Sides.




30




E L E C T R IC

R A IL W A Y S

I V O L. LXXXX1V.

J a n ., 1912.]

E L E C T R IC

Right to Purchase by C ity.— Under the term s of the franchise, the com pany
agreed to waive all rights under previous grants, and granted the city
an option to purchase all of Its property for m unicipal operation at
any tim e prior to the expiration of th e 20-year franchise granted the com ­
pany uy tne ordinance. Tne price to be paid by the city to be $3o.
770,875. the valuation of the properties February 1 1907, as above men
tloned. plus all expenditures after th a t d ate for reconstruction, exten
lions and additions to the properties, Including any am ounts advanced to
the city for construction of subw ays In the dow ntow n business district
In case the property shall n ot be purchased, as above stated , prior to 1927.
the expiration of the present franchise, the city covenants th a t It will not
then grant a franchise to any other corporation for the operation of a com
petlng system in the com pany’s territory , unless such other corporation
shall purchase the property of the com pany a t said price. The city also
has the option of requiring the com pany to sell Its property to any other
licensee corporation of the city, or to purchase the property itself for m unici­
pal ownership (with no requirem ent as to m unicipal operation) a t any time
during the life of the franchise; b u t In case of such purchase by the city
or a licensee,the price to be paid shall be 20% more than the price above
m entioned; b u t the licensee shall n ot be required to pay the additional 2 0 /0
If It shall agree to pay over to the city all profits In excess of 5% on the
Investm ent. In any event (1) the purchase price m ust be paid In cash and
deposited In national or S tate banks, each of which m ust have a capital
and surplus of a t least S I,0 0 0 ,0 0 0 ,and m ust be approved by the com pany,
and the first m ortgage bonds of the com pany will attach to such cash as a
first lien In the event of such purchase; or (2) such purchase (If m ade within
said 20 years) m ust be consum m ated expressly subject to the lien of the lsi
m tg. bonds, but If made a t the expiration of said 20 years,the am ount thereof
m ust
also be sotopaid
In 1Tcash.
.... . to
. ao straight
. . . . _5-cent
„ . toro
Compensation
C ity.—
he com pany Is entitled
fare,
w ith universal transfers. In turn provision Is m ade for special com pensa­
tion to the City of Chicago, b ut this com pensation Is payable only out of
the surplus earnings of the com pany after paying or providing for lUl op­
e r a t i n g expenses, Including the charges for m aintenance and depreciation
prescribed In the ordinance, and 5% upon the valuation of the com pany s
nroDertv a t which It m ay be purchased by the city for m unicipal operation,
as above stated. Of the surplus earnings so rem aining, the City of Chicago
receives 55% and the com pany 45% .
Control by Trustees.—The tru st Indenture securing the participation
certificates provides th a t until Aug. 11912.and to the full exten t thereafter
which m ay be perm itted by law until all of the consolidated m ortgage bonds
of the com pany shall be fully paid and discharged, the directors of the
com pany shall be elected by Messrs. A. C. B artlett, C hauncey K eep, Charles
H . H ulburd, A lbert A. Sprague and Charles G. Dawes of Chicago, and \ ro
vision Is made In the trust deed securing the 1st m tge. bonds for the appoint
m ent of a perm anent finance com m ittee, composed of Messrs. H enry A. Blair
Chaiincev Keen and B. A. EcUhart of Chicago
Acquisition o f Chicago Consolidated Traction Properties.— On Dec. 27 1910
Judge Grosscup confirmed the sale of the Chic. Consol. Trao. Co. and Its
eight underlying com panies on N ov. 30 1910 to A ndrew Cooke, and the
sale by the latter of all properties w ithin th e city lim its to the Chicago Rail­
ways Co. (V. 91, p. 945, 1253, 1511), pursuant to an ordinance passed
O ct. 10 1910 (placing valuation a t $ 1,021,982), like In tenor, am endatory
and supplem ental to ordinance of Feb. 11 1907 (V. 91, p. 1025, 1159).
See reorganization plan. V. 90, p. 1613; V. 91, p. 37. T he lines outside the
city were acquired by the C ounty T raction Co., which has no connection,
either corporate or operating (except as noted below), w ith th e Chicago Rys.
On N ov. 1 1910 a deposit agreem ent was entered Into by the holders of
the securities of Cldc. Consol. T rac. and its subsidiaries, providing for the
exchange of said securities for Chic. R ys. Co. Purchase Money 4% to 5%
bonds and A djustm ent Income 4% bonds, both d ated Ja n . 1 1911 and m a­
turing Feb. 1 1927. For description of bonds and term s of exchange,
sec V. 91, p. 1384. and com pare V. 90, p. 1613; V. 91. p.214.
Contract for P<ywer.— On Ju ly 30 1909 reached agreem ent w ith the Com.Edlson Co. for nower for a period of 6 years from Feb. 1908. V.89, p. 348.
STOCK AND BONDS— Date. Interest. Outstanding. M aturity.
S tock, $100.000........................................................
Sec te x t.
See text
( 1907 5 F-A
J45.955.000 Feb 1 1927
F irst m ortgage (sec te x t)------<In t. a t H arris T rust A Sav. Bk.. Chic., T rus..
($1 0 0 0 ) £ 1*1
_ „cA rl nr at H arris, horbes A Co., New York
Consol mtirc M 0.701,000 so ld . 1907
5%
Sec ttvyt. Fob 11027
Collatern' unit's ifttio non
1908 5 F-A
408 000
1913
Bonds Covering City Lines of former Chicago Consol. Traction.
P u r c h . m oney M $6,000,000 gl 1910 4-5 J-J
$4,073,000 Feb 1 1927
($500 and $1,000)............ c*jIllinois T rust A Sav. B ank, Chic., T rustee.
A djust Inc M $2,500,000 g \ 1910 4 g May
2,500,000 Feb 1 1927
($100 A $500) (non-cum )c*/ C entral T rust Co. of III., Chic., T rustee
Stock,.—The capital stock of the com pany, which is issued In the nominal
am ount of $100,000, has been m ade the subject of a tru st agreem ent dated
Aug. 1 1907, and executed Jan . 25 1908, by and betw een the Chicago Rail
ways Co. and Messrs. A dolphus C. B artlett Chauncey K eep, Charles H
H ulburd, A lbert A. Sprague and Charles G. Dawes, as depositaries, and
Central T rust Com pany of New Y ork, as custodian. U nder this agreem ent
the stock serves as a basis for the Issue of the participation certificates.
representing In all 265,100 equal p arts. Series 1 consists of 30,800 parts.
Series 2 of 124,300 p arts. Series 3 of 60,000 p arts and Scries4 of 50,000parts
Series 1, 2 and 3 are entitled , In the order of priority nam ed, to cum ulative
dividends of $8 for each p art, beginning with year ending Aug. 1 1908, and In
the distribution of capital to $100 for each said p art. Series 4 Is entitled
to any rem aining profits or capital distributed. V. 85, p. 1269
D ividends on participation certificates Series 2 are lim ited to $4 on each
certificate so long as m ore th an 50% of Scries C bonds rem ain outstanding,
and thereafter to $5 per certificate until the rem ainder of Series C bonds
have been redeem ed. Scries 2, however, Is entitled to unpaid accum ulation
on account of Its $8 per certificate (beginning w ith the year ending Aug. 1
1908), b u t only when earned, and after paym ent of all accum ulations of
sinking fund and of dividends on Series 1.
Bonds.— F irst m tge. bonus are Issued only to provide funds for rehablll
tatlo n , extensions. Ac. They may be redeem ed a t par and accrued Interest
on any Interest day. The bonds have a first lien on the entire property,
rights and franchises of the com pany. The authorized Issue Is lim ited to
the aggregate of the am ounts approved from tim e to tim e bv the board of
supervising engineers. See full particulars of bonds, property, Ac.. In
V. 86, p. 545; V. 88, p. 1436, 1619; V. 90. 1). 302; V. 93, p. 162.
The consol, m tge. bonds as of Jan . 5 1912 consist of the following:
Series A, o ut, $16,359,800 (In addition $1,006,200 arc held In the treasury
and can be Issued only for acquisition of additional property); Scries B.
$17,160,575, and .Series C, $2,366,336. Scries C bonds have sinking fund
of $250,000 per annum , if earned, which began A ug. 1 1908, but cum ulative
until paid. The $498,000 5% 5-ycar notes arc secured by the deposit of
$832,000 Scries A bonds, $498,000 of which arc included In the am ount
outstanding, above given. $900,000 Series A bonds have been retired.
Sec particulars, V. 86, p. 1223; V. 93, p. 1724. Of rem aining Series B
bonds, $3,900 are In treasury and $29,525 are reserved. Of rem aining
Series C bonds, $91,000 are In treasury and $337,689 are reserved. 51,­
204,975 Series C have been retired by sinking fund. Bonds of three scries
bore Int. a t 4% until Feb. 1 1912; thereafter, 5% . The $498,000 coll,
notes are n o t redeem able. The $4,776,000 coll. 6% notes and $1,200,000
6% funding notes were called for paym ent Feb. 11912 and are n o t shown In
tabic above.
Purchase Money Mtge. bonds bear Int. a t 4% per ann. during first 5 years,
thereafter 5% per ann. They arc red. at par and Int. on any Int. date.
Adjustm ent Income Mtge. bonds arc red. a t par and Int. on any in t. date
In t. Is payable only if earned and is not cum ulative.
In t. on both purch. m oney m tge. and adjust. Inc. m tges. payable a t co.’s
office or a t agency of com pany In Chicago.
D IV ID E N D .— An Initial dividend of 4% was paid N ov. 15 1008 on
Scries 1 participation certificates. On Sept. 1 1909 8% was paid on Series 1
certificates. None since to Jan . 1912.
ROA D.—Comprises 460 miles of track (Including 128 miles of the
form er Chicago Consolidated T raction lines), serving the dow ntow n as well
as the entire North and W est sides of the city.
E Q U IPM EN T.— O perates 1,500 double-truck "pay-as-you-enter’’ cars.
The com pany Is now building In Its own shops 215 additional P-A-Y-E cars.
LA TEST EA R N IN G S.— For year ending Nov. 30 1911 (incl. approx.
12 m onths' earnings of Chicago Consol. T rac. property), gross, $16,944,136;
oper. exp., Incl. taxes and renewals, $11,918,580; net, $5,025,556.
R E P O R T .—The annual report for year ending J a n . 31 1911 will be found
In V. 92. p. 1102. Pass, carried year ending Ja n . 31 1911. 488.490.104,
of which 270,750.953 were revenue, 4,147,730 free, 207,591,415 transfers.
Income Account for Years ending Jan . 31.
Oross
30% of Int., 5% Balance — Of Which to—
Income.
Gross.
on Itiv. Divisible. C ity,55% .Co 45%
1910-11 $14,004,709 $4,219,413 $2,805,53t $1,353,882 $744,635 $609,247
1909-10.12,442,882 3.732,864 2,275,718 a 1,457,140 801,430 655,716



R A IL W A Y S

31

Income Statement (Non-Partnership Account) fo r Years ending J a n . 31.
1911.
1910.
1910.
1911.
ChIc.Rys.,45% $609,247 $662,105 M iscellaneous. $61,272
5% on invest’t 2,865,531 2,270,905 S. f. res. accr. 250,000 $250,000
181,627 Corp.exp. Aadj 163,884
150,758
MIsc. In terest. 341,330
T otal d e d u c ..$3,542,858 $2,818,480
Gross Income,
all sources.$3,816,108 $3,114,637
N et, available
Deduct—
Tot.int.on bds.$3,067,702 $2,417,722 for d lvs— $273,250 *$296,157
• From this am ount a paym ent of 8% In 1909-10 was m ade to the holders
of participation certificates. Series 1. No dividend paid In 1910-11.
O FF IC E R S.— C hairm an Board of D irectors. H enry A. Blair: P res.. John
M. R oach; Sec., F . L . H upp; T reas., M. B . Ordc; C om p., F . E . S m ith,
all of Chicago.
IN D E X .— V. 89. p. 159. 295. 348, 720; V. 90, p. 302. 446, 559, 1099,
1362, 1424. 1489; V. 91, p. 716. 1025, 1160, 1385, 1629. 1765; V. 92. p. 59,
260, 321, 1102; V. 93, p. 162, 229, 796, 1190, 1259, 1532, 1599, 1724.
COUNTY TRACTION CO.—A trolley road.
O RG A N IZA TIO N .— In co rp .ln 1910. Dec. 29 1910 took over th e proper­
ties of th e Chic. Consol. T rac. lying outside the city lim its. H as transfer
arrangem ent w ith Chic. R ys. Co. on some lines, while on others no transfers
are given. For statem en t of form er P res. B lanchard w ith regard to through
service to Chicago business d istrict, see V . 92, p. 1435.
STOCK AND BONDS.
Date. Interest. Outstanding. M aturity.
Stock ....................................................................................... $300,000 ......................
RO A D .— Owns 52.6 miles of track . P res., Emil G. Schm idt.— V. 92,
p. 186, 1435.
CHICAGO ELEVATED RAILW AY S.— A voluntary association sim ilar
to M assachusetts Electric Com panies.
Proposed r nificatton of Surface and Elevated L ines.— See under Chic.R ys.
O RG A N IZA TIO N .— O rganized in 1911 to acquire stocks, bonds and
other securities of the M etropolitan W est Side E lev. R R ., N orthw estern
Kiev. R R . and the South Side Elev. R R . ($21,202,312 being offered for the
$36,294,900 stock of these com panies); also, if It so elects, the stocks of the
Union Consol. Elev. R R ., Chicago A Oak P ark Elev. R y., Chicago A Oak
P ark Elev. R R. and Chicago A E lm hurst R y ., which com panies are con-*
trolled by the aforem entioned com panies. These roads operate about
175.65 miles of track . The physical properties were valued a t about
$90,000,000, exclusive of franchise valuations; the m tge. debt preceding
the notes aggregated $32,346,750, leaving an equity of $57,500,000. Seo
plan, Ac., in V. 92, p. 1498, 1435; V. 93, p. 104.
.Stockholders of the M etrop. W est Side Elev. R R ., N orthw estern E lev,
R R .an d So.Side Elev. R R .w ereglvcn the option of two offers fordeposltlng
their stocks: one to receive full cash for th eir "holdings, and th e other to
receive p art cash and p art stock of th e Chicago Elev. R ys. See offers in
V. 92, p. 1498. Up to July 20 1911 about 95% of all the stocks had bccq
turned In.
In Ju ly 1911 the N ational City Bank offered the $30,000,000 gold notes
(V. 93, p. 104), the proceeds of which, together w ith $16,000,000 from sale of
pref. stock, were used to retire $18,000,000 N orthw estern Elev. 1st 4s
which m atured Sept. 1 1911, pay iloatlng debts of all cos. and provide
am ple working capital.
STOCK AND BONDS.— Date. Interest. Outstanding. M aturity.
Common 250,000 shares______ _____ __________ 250,000 s h s .___________
Pref 160,000 shares 6% c u m . ____ Q-M
160,000 shs. See tex t
3-yr gold notes $30,000,0001 1911 5 J -J
30,000,000 July 1 1914
($1,000)...............................Illinois T ru st A Sav. B k., Chic., trustee.
Stock.—Com. and pref. shares arc expressed to be of the p ar value of
$100 each. The pref. stock Is redeem able a t $100 and accrued dlv.
Notes are redeem able on any Interest date on 30 days' notice a t par and
in t. In t. payable In N. Y. or Chicago. T hey are secured by pledge of
$25,000,000 1st M. bonds of N orthw estern E lev. R R ., and also by deposit
of all the acquired stocks. V. 93, p. 44, 104.
D i v i d e n d s . —On pref.. Initial dlv.— 1
— paid Dec. 1 1911.
EA RN IN G S of the various com panies for year 1910: Gross, $8,533,501;
net, $3,396,249; fixed charges, $2,389,237; surplus, $1,007,012.
O FFIC E R S.— Pres., B ritton I. Budd; Sec., T hos. A. R eynolds.
T R U S T E E S .— H enry A . Blair, Frank A. V anderllp and Sam ’l M cRoberts.
— V. 92, p. 1435, 1498, 1563; V. 93, p. 44, 104, 229, 286, 407, 666, 795, 1461.
(1) M etropolitan W est Side E levated R y.—An electric road.
O RG A N IZA TIO N .— Organized In Illinois Jan . 16 1899. Successor on
Feb. 3 1899 (per plan in V. 67 p 126) to the Railroad Co. sold under fore­
closure on Jan. 4 1899. In July 1905 refused to accept city ordinance per­
m itting It to carry express m atter and m ilk. V. 81, d . 508. Franchise
expires A pr. 7 1942. V oting tru st expired F eb. 1 1904. V. 78, p 343.
STOCK AND BONDS— Date. Interest. Oulstand’g. M aturity ,&c.
Com mon, $7,500,000--------------------- ----------- $7,464,100 ...............
8,707,900 S e p t'll, H %
Pref, 5% non-c, $9,000,000.................
Q-M
Aug_ 1 1938
1st m tg, $10,000,000 ($1,000) f 1898 4 g F-A 10,000,000
. .
gold.......................... .............c*(C cnt. T rust Co., N .Y ., and G. Sherm an. T r.
I Interest a t C ent. T ru st Co., N .Y . and Chic.
E xt. m ortgage. $5,000,000 1901 4 g J-J
4,233,000 July 1 1938
($1,000), gold, red. a t 105 N orthern T ru st Co., Chicago, T rustee.
on any Interest day on 4 Interest at com pany’s office In Chicago, or
weeks’ n o tic e _________ c*
C entral T rust Co.. New York.
100.000
See text
Col gold bonds ($1,000). 1906 5 g A-O
Sec rem arks______________ In t. a t M erch. LoanA T r. Co., Chic., T rustee.
The extension m ortgage of 1901 covers the extension as a first lien,
also 68 cars, a 3,500 H. P . engine and the new dow n-tow n term inal; the
bonds also cover the rest of the property as a second lien, subject to th e
$10,000,000 first m tge. V. 72, p. 1080; V. 75, p. 29; V. 86. p. 1160.
T he collateral bonds of 1906 are payable serially, $50,000 each six m onths,
from April 1 1907 to Oct. 1 1912; total issue was $600,000, but $50,000.
m atured sem i-annually from April 1 1907 to Oct. 1 1911, Inclusive They
are secured by a deposit of first m tge. extension bonds a t the rate of $75,00(1
bonds for each $50,000 of present issue. T hey are redeem able on any Int.
day on 30 days’ notice a t 101 and interest. V. 84, p. 1114.
H as guaranteed $407 000 bonds of Union Consolidated E levated.
R E P O R T .— Fiscal year ends Dec. 31. R eport for year 1910 will be
found In V. 92, p. 456.
1907.
1908.
1909.
* 1910.
.57,220,886 52,519,609 51,587,667 54,280.888
..$2,936,999 $2,695,230 $2,643,635 $2,778,597
99,991
103.205
M iscellaneous___
.. 132,946
123,200
..$3,069,945 $2,818,430 $2,746,840 $2,878,588
Gross earnings
1,418,076
1.443,499
1,556,015
1.410,801
.$1,513,930 $1,400,354 $1,336,039 $1,435,089
N et earn ing s..
11,160
10,126
..
8,770
6,820
O ther Income—
..$1,522,700 $1,411,514 $1,346,165 $1,441,909
Deduct—
$294,995
$299,044
._ $323,186 $299,674
180,893
197,736
176,390
180,252
582,029
592,019
574,690
576,531
In te re s t.
(2 H) 195,928
B alance............ ...........sur.$181.494 sur $348,918 sur $261,415 sur $195,857
D IV ID E N D S.— F irst dividend on pref. stock, 2J4 % Feb. 28 1900 (out
of earnings for year ending Feb. 28 1900); then 2% A ug. 31 1900; 1 %
Feb. 1901; Aug. 31 1901, 2% ; Feb. 28 1902, 1 %; A ug. 30 1902, 1 X %;
Feb. 28 1903, 1 M %; In 1907, March 30, % %: June 29. M %: Sept. 30,
M % \ none to March 1910 when %% (Q.) was paid; June, J i% ;S e p t., H %
D ec.,
la 1911. M arch, H % ; Ju n e, X % ; S ep t., % % .
RO A D .— From term inal station at 5th A vc. w esterly about 6«^ m iles,
w ith branches; total length of road (including Douglas Park branch and
extension and Garfield P ark branch), 18.49 miles: the first 1.67 m iles are
four tracks the rest two tracks, m aking single-track miles 41.14; also leases
the Union Elevated, 0.38 m ile, the Union Consolidated Elevated R R .. 4
miles, and leases 3.3 miles from Aurora Elgin A Chicago R R . T otal oper­
ated 51.5 miles of track , exclusive of side track s. R ight of way is owned
in fee. E quipm ent Jan . 1 1911 consisted of 225 m otor cars, le i coaches
and 101 control-coaches and 17 miscellaneous. Gauge, 4 ft. 8 M In.
On March 11 1905 the cars of the A urora Elgin A Chicago R y. began
operating over this com pany’s lines to the 5th Ave. term inal under a traffic
agreem ent, the Met. W est Side, in tu rn , securing the right to the territory
west of the 52d Ave. term inal on the Garfield P ark line as far as the Dea^
Plaines R iver, about 3.3 miles double track. V. 79, p. 1704.

32

E L E C T R IC

R A IL W A Y S

|V O L . LX X X X IV .

O FF IC E R S.— Pres., B. I. Budd; Sec., Paul D. Sexton; T reas., W . V.
m on stock for each share of old stock. Incom e bondholders received
Grlftin: A sst. Sec. Sc A sst. T reas., E dw . D. A dam s; A ud., T . B. McRae; com
60% in new preferred stock. Franchise expires In 1930.
Gen. M gr., E . C. Noe. Office, 160 W est Jackson B oul., Chic.— V. 88,
N orthw estern E levated owns 51% of stock.
p. 375, 449. 1313: V. 89, p. 16G8: V. 90, p. 54, 236, 499, 1676; V. 91, p. 336;
STOCK AND BONDS— Date. Interest. Outstanding. M aturity.
V. 92. p. 396, 456. 1436r V. 93. p. 469.
Com mon, $6,000,000 ($100)...................................... $5,667,697 ......................
Pref, $3,200,000, 5 % n -c,($100)........................
3.063,940 ......................
(2) N orthw estern Elevated RR.
Lake S t El 1st M, $5,000,000,1 1893
5 J-J
___________
5,000,000
July_ ______
1 1928
O RG A N IZA TIO N .— R oad was form ally opened for business on M ay 31
guar by N W E l......................{Am erican T rust So Sav B ank, Chicago, and
1000. V. 70. p. 1049.
^
I
C
entral
T
ru
st
of
Illinois,
Chic.,
T
rustees.
In Sept. 1901 the U nion E levated R R . was acquired. Owns 53% of the Deb note (C&O P El R R )____ 1904
2
350,000
See text.
stock of the Chicago So Oak P ark Elev. The Chicago E levated R ys. pro­ E quipm ent n otes_____________ _____ _______
189,000 ................... _
vided the cash to take up the $18,000,000 N orthw est. E lev. 1st 4s which Receiver’s ccrtfs. $ 2 ,0 0 0 ,0 0 0 --____ _______
(?)
.......................
m atured Sept. 1 1911.
Notes payable Dec 31 1910..................................... ..
1,207,173 ......................
On Aug. 21 1911 stockholders au th . $25,000,000 1st M. 5s. None of the
Bonds.— F irst m ortgage bonds assenting to reorganization were stam ped
bonds will be sold, but they will be used as p art collateral for Chic. Elev. subject to call a t 105 and Interest on any Interest date. The d ebenture
R ys. note Issue. V. 93, p. 527.
note was Issued by the Chic. So Oak P ark El. R R . for the claim of the N orth
STOCK AND BONDS— Date. Interest Outstanding. M aturity. W estern E levated R R ., am ounting to $770,085, and Is guaranteed by the
Stock, $5,000,000...................................................... . . $5,000,000 ...................... Chic. & Oak Park El. Ry.; It became duo Jan . 1 1909 but has been extended
Pref stk .5 % ,n-c, $25,000,000.
Q-.J 1 8
5,000,000 Apr. 18 T 1.1 % on dem and. The old Income bonds, w ith the exception of about $128,600,
F irst m tge $25,000,000............./ 1911
5%
See tex t
30 years are held In the treasury of the railw ay com pany.
1 111. T ru st & S av. B k., Chicago, trustee.
RO A D .— Owns a double-track elevated railw ay from F ifth Avenue and
E quipm ent notes................... - ............... 6%
184,000 Sec tex t.
Lake Street to 52d S t. and Lake S t., w ith spur dow n M arket S t. to M adison
Notes.— E quipm ent notes payable In installm ents $44,000 each In 1911 S t. T rains began running around the loop In O ct. 1897. Chicago Sc
and 1912; in 1913, $30,000; In 1914 to 1918, $16,000 annually.
H arlem forms an extension com prising 4 miles m ore of double track . T otal
R E P O R T .— For years ending Ju ne 30 (lncl. Union E lev.). R eport for single track , 24.41 miles.
1910-11 In V. 93, p. 1018. Pass, carried in 1910-11.44,471,566, agst. 42,­
R E P O R T .— F or years ending Ju ne 30 for Railroad Co.
815,132 in 1909-10 and 40,955,795 in 1908-09.
1908.
1907.
1910.
1909.
Year—
Gross.
N ei. In t. & Taxes. PJd.D lv. Surplus. Passenger earnings___ __ $802,581
$786,600
$869,867
1911........................$2,731,376 $1,646,571 $1,209,062 $200,000 $237,509 O ther earnings______ __
38,853
19,376
37,798
1910
2,632,039 1,576,352 1,200,254 150,000 226,098
T otal earnings____ -_ $840,379
$825,453
$869,892
$889,243
1909 ...........
2,540,884 1,545,065 1,189,288
355,777
O
perating
expenses.
___
568,349
517,010
537,259
527,180
D ividends.—An Initial dlv. oi 1% was paid on pref. O ct. 18 1909; in 1910,
N et earnings______ -_ $272,030
$308,443
$332,633
$362,063
Ja n ., 1%; A pril, 1%; Ju ly , 1% ; O ct., 1% ; in 1911, Ja n ., 1% ; A pril. 1% ; O ther
Income_______
232
3,326
none since to Ja n . 1912.
RO A D .—The road starts a t the Intersection of W ilson and Evanston
T otal Income______
$272,030
$308,443
$332,865
$365,389
avenues. 7 miles from the Court H ouse, and has 5.52 miles of four-track, Fixed ch arg es............. - 474,187
450,735
438,054
429,334
and 1.07 mile double track , m aking 24.22 miles of single track. Right ol
B alance...................... dc(.5202,157 d e l.5142,202 d el.5105,189 def .$63,945
way Is all owned In fee except a t street crossings. An extension of 4.69
FF IC E R S.— Pres., M. B. Starring; V .-P., K enneth K . M cLaren; Sec*
miles of double track to Ravenswood was put In operation In May 1907 Sc TOreas.,
W illiam V. Griffin, 1117 M erchants’ Loan Sc T rust Bldg., Chicago*
T otal track, 32.63 miles.
U nder an operating agreem ent w ith the Chicago Milwaukee So St. Paul — V . 02, p. 1435; V. 93, p. 407, 666, 939, 1386, 1785; V. 04, p. 123, 206.
Railw ay Co. m ade in 1907,this com pany’s service was extended May 16
UNION CONSOLIDATED ELEVATED RY.
1908 to Evanston over the E vanston Division of the form er road, which
Proposed Merger.— Sec Chic. Elev. R ys. and in V. 92, p. 1435, 1498.
has been electrified. All track operated (all lines Including loop), Ju ne 30
O RG A N IZA TIO N .— Form ed In 1896 and built from Union E levated a t
1911. 59.87 miles. 348 cars, 80-lb. T rails.
O FF IC E R S.— P res.. B ritton I. Budd; Sec., Paul D. Sexton; T reas., W. 5th Ave. west to M arket S t.; thence to the M etropolitan W. S. EL; to ta l,
V. Griffin; A sst. Sec. So A sst. T reas., Edw. D. A dam s; Gen. M gr., E. C. Noe; 1-5 m ile of track; Is operated by the M etropolitan W est Side El. Franchise
A ud., T . B. M acRae. V. 90, p. 1171, 1240; V. 91, p. 791.866, 1708; V. 92, expires O ct. 7 1945.
STOCK AND BONDS— Date. Interest. Outstanding. M aturity.
p. 262, 1436, 1701; V. 93, p. 408, 527, 667, 796, 1018.
S to c k .................................................................................. $ 1 ,0 0 0 ,0 0 0 ......................
(a) Union Elevated Railroad.
Series
"A " 1st m tge, gold,) 1896 5 g M-N
453,000 Nov 1 1936
Is used by all the Chicago elevated roads, and receives Me. for each
gu p Sc I by Met W S E 1 ...J G . Sherm an, V .-P., Cen T r. Co., N. Y ..T rus.
passenger carried, besides all expenses for operating, repairs and taxes.
Mortgage
$1,000,000,
of
which
$500,000
series
“A
.’’
V. 63. p. 1065.
Franchise expires In 1945.
outstanding bonds arc held by M etropolitan W est Side E levated.
BONDS—
Date. Interest. Outstanding. M aturity.
IC E R S.— Pres., Mason B. Starring; V .-P., Clarence A. K night; See.
1st m tge, $5,000,000,g($l ,000) 1895 5 g A-O $4,472,000 Oct 1 1945 andO FF
T reas., W . V. Griffin.
Interest a t Chase N at. B ank, N. Y ., and 111. T rust So Sav. B ank, Chicago.
B onds.— Of the $5,000,000 bonds Issued, $528,000 are held by N orthw . 151.
SUBURBAN RAILROAD.— A trolley road.
ROA D.—The loop Is 1.98 miles In length, double tracked (80 lb. rails),
O RG A N IZA TIO N .— Incorporated under laws of Illinois M ay 1895.
and runs on Lake S t. to W abash A ve., to Van Buren S t., to F ifth A ve., to
R E C E IV E R .— On Ju ly 30 1902 L. S. Owsley was appointed receiver,
Lake S t. Road opened Oct. 10 1897. T rains of the Chicago Sc Oak Park
M etropolitan W est Side, N orthw estern E levated R R . and South Side Interest on bonds being In default. V. 75, p. 241.
operate over the loop. N orthw estern Elev also owns .18 m ile of double
STOCK AND BONDS— D ate. Interest. Outstanding. M aturity.
track from connection w ith loop a t Van Buren Sc S tate streets to connection Stock, $1,250,000........................................................... $1,250,000 ......................
with South Side El. R R ., which Is leased to the latter.
1st m ortgage, $3,000,000,1 1896 5 g M-S
1.250.000 Mch 2 1016
gold----------------------------------/Chicago T itle So T rust Co., T rustee.
(3)
South Side Elevated R R .— ("A lley E lev ated ").—An electric elevated Of the $3,000,000 bonds authorized. $1,250,000 were Issued to build
road.
owned and to equip a portion of the leased lines w ith trolley.
O RG A N IZA TIO N .—Successor Jan u ary 1897 to Chicago So South Side the road
rem ainder m ay be Issued for extensions built and equipped a t $50,000
R . T . R R . (foreclosed per plan V. 63, p. 1158). July 31 1900 the A ppellate The
per
mile
for
double and $30,000 per mile of single track .
C ourt sustained the validity of the foreclosure (V. 71, p. 236), and on Feb.
D .—Owns 29.8 miles of track , extending from term inus of Chic.So
21 1902 th at dec slon was concurred In by the S tate Suprem e C ourt. V. 74. OakR OPAark
Elev. a t 52d St. and M etropolitan Elev. a t 48th S t., through city
p . 477. Franchise expires M arch 26 1938. Leases the Chicago Junction of
Chicago, Cicero, Grossdale, La Grange, &c. Leases from the 13. A O.
R R .. which see below.
Terminal R R .C o. (for50yrs.) the Chicago Sc Southw estern road to
STOCK AND BONDS— Date. Interest. Outstanding. M aturity. Chicago
Harlem race track, A ustin, Rldgeland, Oak P ark, See.. 10 miles of track .
Stock, $10,323,800.................. - ------ Q-M
$10,231,400 See text.
Also
operates
% of a mile of double track of the Chicago R iverside So La
1st m ortgage. $8,000,000, gl 1904 AM g J-J 8,000,000 Ju ly 1 1924 G range R R ., having
stock and no bonds. T otal track oper., 32.3
($1 ,00 0 ).............- ................c * /ln t. a t 111. T r. Sc Sav. B ank, Chic., T rustee. m ., all trolley, except$5,000
C. Sc S. W . tracks along W est 16th and 19th streets.
Bonds.— Are subject to call a t 105 and Interest.
O FFIC E R S.— Pres., F. H . Roeschlaub; V .-P., C. K. Yerkes; Sec. and
D ividends.— F irst dividend of 1 % (out of earnings for four m onths ending T reas.,
G. M. Maher; S u p t.. J . W hltscll.—V. 75. p. 241.
A pril 30 1899) was paid May 1 1899; then Sept. 1 ,1 % ; Dec. 30 1 %. In
1900. 3 % . In 1901, 3 M% - In 1902 to 1907, Inclusive, 4% yearly. In
’08. M ch., M%; none until J ’ne TO, when M% was paid; Sep., M % : Deo.,
C IN C IN N A T I, O H I O .
M % . In 1911, M arch, % % ; Ju ne, M%; Ju ly , ex tra dlv. of $5 90. (V. 93,
CINCINNATI & COLUMBUS TRACTION CO.— A trolley road.
p . 164.)
O
RG
ANIZATION.
Incorp. Jan . 21 1903. Franchises expire In 1930.
LATEST E A R N IN G S.— F or year ending Juno 30 1911, gross, $2,419,922;
STOCK AND BONDS— Date. Interest. Outstanding. M aturity.
n et, $354,753.
Common,
$1,250,000
(
$
1
$079,500
ANN UA L R E P O R T .— For years ending Dec. 31 1910, report In V. 92, Pf. 5% cum . $1,250,000 ($0100) 0....................................
).................- ...........
925,500 ......................
p. 320. Passengers carried In 1910, 46,875,642.
F
irst
m
ortgage.
$600,000,
)
1005
5
g
J-J
600.000 Jan . 1 1912
1910.
1909.
1910.
1909.
gold........................................c*j
Int.
at
Union
Sav.
Bk.
&
T r. Co. C ln ..T ru s.
Gross receipts $2,457,489 $2,234,973 Surplus............. $350,897 $257,938 Second m tge notes $250,000...............
5%
87,100 July 1 1912
N et, a ft. taxes 803,977 711,018 Dividends U X ) 153,447 ...............
lin
t,
a
t
Union
Sav.
Bk.
So
T r. Co., Cincinnati.
*453,080
I n te r e s t_____ *453,080
.
.
Bal. for y ear. 197,450 257,938
denom ination of the first m ortgage bonds are respectively:
- Includes both in 1910 and 1909 $03,080 rental paid to Chicago J e t. R y. 6 Bonds.—The
$50,000;
30
$5,000;
100
$1,000;
and
100
$500.
They
can be called at
R O A D .— Owns elevated road In operation In Chicago upon a purchased
tim e a t p ar. Bonds originally m atured July 1 1909, b u t were extended
right-of-w ay from Congress S t. to Jackson P ark and to Englewood. Elec­ any
for 2M years. V. 89, p. 102, 720. Second m tg. notes m ay be called a t
tricity was Introduced as m otive power late In April 1898. O perates 370 any
tim e.
m otor and 30 trail cars. On 15.07 miles of structure has a total of 36.51
E A R N IN G S.— For 12 mos. ending Dec. 31 1910, gross, $116,625; n et,
miles of single track. Including extensions. Also leases Chicago Junction $52,430.
In 1909, gross, $102,750; net, $41,850.
R R ., which see below.
ROAD.— Operates 54 miles of track between Cincinnati and H illsboro,
O F F IC E R S .— Pres., B ritton I. Budd; See., Paul D. Sexton; T reas., W .
In com plete operation In F eb., 1906. S tandard gauge, 70-lb. T rail.
V. Griffin; A sst. Sec. So A sst. T reas., E dw . D. Adams; A ud.. '1'. B. M acRac; p utO FF
E R S.— P res.. H . H . HolTman; V .-P .. Lewis Seasongood; 2d V .-P .,
Gen. M gr., E. C. Noe. Office, 1001 R oyal Insur. Bldg., Chicago.— V. 88, H enry IC
Sec. and T reas., William Topic; M gr., Dan Reldel J r.
p. 296, 371: V. 90. p . 304. 367, 373, 978, 1426; V. 92, p. 264. 320. 597, 1437 —V. 76.Burkhold;
p. 971; V. 80. p. 1234; V. 85. p. 220, 599; V. 89. p. 102, 720.
V. 93, p. 164, 528.
(a) Chicago Junction RR.
CINCINNATI GEORGETOWN & PORTSMOUTH RR.— Steam and
O RG A N IZA TIO N .— Organized In th e Interest of the S outh Side Elevated
.
R R . to build lines to connect th a t com pany’s track w ith the Stock Y ards. electric.
Ju ly 1911 control of road changed hands and In Sept. 1911 took over
Only a nom inal am ount of stock has been Issued ($50.000), which Is held In andIn consolidated
w
ith
the
Felicity
Sc
Bethel
R R . and the Ohio R iver &
tru st for the S outh Side E levated In case th a t com pany should a t any time
R R . (at present a steam road). V. 93, p. 796. The Ohio R iver
wish to absorb It. Is leased to the South Side E levated for 50 years (wltft Columbus
Is to be electrified.
right to purchase a t cost w ithin 20 years), rental being Interest on bonds, Sc Columbus
O RG A N IZA TIO N .— Form erly a narrow-gauge steam road, b u t now
taxes. &c. Franchises arc w ithout lim it.
operated by both electricity and steam . U nder Ohio law rem ains a steam
STOCK AND BONDS— Date. Interest. Outstanding. M aturity. road.
Franchises perpetual.
S to c k -------------------------------------------- ----------See tex t. ___________
1st m tge, $2,327,000, goldl 1905 4 g M-S $2,327,000 Mch 1 1945
STOCK AND BONDS— Date. Interest. Outstanding. M aturity.
($1,000). guar d Sc 1------c * /F irst T rust So Sav. B ank. Chicago, T rustee. Stock, $1,500,000 ......................................................... $1,500,000 ......................
Bonds.—Are subject to call a t 105 and ln t. In event of consolidation with 1st m tge., $1,000,000 goldl 1902 5 g J-J
1.000,000 Jan . 11032
South Side E lev., this Issue of bonds Is to be retired. V. 80, p. 871. Bonds
,00 0 )...............................c * /In t.a t Union Sav.B k.A T r.,C In .,T r.,& In N.Y
are g uar., p. & I., by Chic. Ju ne. R ys. Sc U n. S tk. Yds. Co. See V. 82, p.568. Fel($1
Sc Beth 1st M $100,000, g\ 1905 5 g A-O
100,000 O ct. 1 1935
R O A D .—Consists of an elevated road (from junction w ith South Side
($1,000) not callable ...c * J In t. a t Union Sav. Bk. & T r., C lnclnn.,T rust.
" L ” a t 40th Street) to the Stock Y ards, and a loop around the sam e, 3.75 Ohio Rlv Sc Col 1st M gold) 1903 5 J-J
500,000 Ju ne l 1933
miles. Was com pleted In M ay 1908.
$1,000,000 ($500, $ l,0 0 0 )c/ln t. a t Union Savings Sc T r. Co., Cln., O.
O FF IC E R S.— P res., John A. Spoor; V .-P ., R ichard Fitzgerald; Sec.,
E
A
R
N
IN
G
S.—
F
or
year
ending
Ju
ne
30
1910,
gross,
$174,531; net
H . E . Poronto; T reas., R . B. Thom pson; A ud., C. O. Chace.— V. 87, p. 346. $45,382; ln t. and taxes, $37,493- surplus, $7,880.
CHICAGO & OAK PARK ELEVATED RY.
ROAD — O perates 49 miles from C incinnati southeasterly to RussellProposed Merger.— F or proposed m erger w ith other Chicago elevated vlllo including branches of 3.5 m. to B atavia and 1.5 m. to Coney Island.
roads, see Chicago E levated R ailw ays and V. 92, p. 1435, 1498.
An extension of 16 miles to W est Union Is under construction. The
M inority Committee.—A m inority stockholders’ com m ittee was form ed, Felicity & Bethel has 8.5 m . of track betw een the points nam ed In Its title.
calling for deposits w ith the Cont. Sc Comm. T rust & Sav. B ank, Chicago, The Ohio R lv. So Col. extends from Ripley to Sardinia, 24 miles.
on or before Nov. 1 1911, to Induce Chic. Elev. R ys. to purchase Chic. Sc O FF IC E R S.— P res., R obert B. H ackney, Cincinnati; V .-P., Jesse
Oak P ark m inority shares. V. 93, p. 407, 666; V. 94, p. 206.
Receivership.—On N ov. 13 1911 Judge K ohlsaat appointed Samuel Thom pson, Georgetown; Sec. So T reas., Gcorgo W . Nichols, Cincinnati;
Insull receiver for the Railroad. V . 93, p. 1386. On Dec. 29 1911 re­ Gen. M gr., E . W . W hite.— V. 83, p. 322; V. 87, p. 543; V. 93, p. 229, 790.
ceiver was authorized to issue $2,000,000 receiver's certlllcates for Im prove­
LAURENCEBURG & AURORA ELECTRIC STREET RR*
m ents. V . 93, p. 1785. In J a n . 1912 Francis V. D obbins of Railw ay, —ACINCINNATI
trolley road.
N . J ., was appointed receiver for the Railway Co. V. 94, p. 123.
O
RG
A
N
IZA
TIO
N .— Incorporated In N ov. 1898. Franchises expire In
O RG A N IZA TIO N .—This com pany was Incorporated In New Jersey on
and 1925.
April 22 1904 to hold the securities of the Chicago «5s Oak P ark Elevated 1924
STOCK
AND
BONDS—
Date. Interest. Outstanding. M aturity.
Railroad Co., form erly the old Lake S treet E levated R R ., reorganized ncr Common, $750,000 ...........................................................
$750,000 ......................
plan In V. 77, p. 1874; V. 78, p. 1392. Besides $9,917,650 stock and $870.­ Pref. 6% cum ., $250,000...................
Q -J
58.900 J u ly ,*06,IX
000 Income bonds, also holds $1,608,500 notes of the Chicago So Oak Park 1st m ortgage, $750.0001 1899
5
g
J-J
750,000 Ju ly 1 191#
E levated Railroad Co. Issued by th a t com pany for loans m ade to It by the
($1,000.) gold......................../In te re s t a t U n. Sav. Bk. & T r. Co., C ln., T r.
Railway Co. The old L ake S treet $10,000,000 of com m on stock paid an
D ividends.— Dividends of 6 % on pref. stock were paid up to and including
assessm ent of $2 per share, and received $4 In new preferred and $40 In new Ju ly 1906. None since up to Ja n . 1912.



J an ., 1912. J

E L E C T R IC

E A R N IN G S.— For year ending: Ju ne 30 1911, gross, $135,153; n et,
$55,746; Used charges. $43,777; surplus, $11,969.
.
ROA D.— O perates 38.14 miles of track from A nderson's F erry, a t Cin­
cinnati. to A urora, H arrison and Law renceburg.
O FF IC E R S.— Pres., J . C. Iloovcn, H am ilton. O.; Treas. and Gen. Mgr.,
O. E . H ooven; A ud., E . M. G um pf.— V. 78, p 2011. 2383.
CINCINNATI MILFORD & LOVELAND TRACTION CO.

O RG A N IZA TIO N .— !ncorporated In Ohio In S ep t., 1902. and purchased
franchises and rights of the C incinnati Milford & E astern T raction Co.
STOCK AND BONDS— Date.
Interest. Outstanding. M aturity.
Oom ., $1,000,000 ($ 10 0 ) _____ _____
__________$ 1 ,0 0 0 ,0 0 0 ___________
P ref.. $650,000. 5% cum ______ ___ _______
640.425 No dlv. yet
1st m ortgage, $500,000, gl 1905 5 g J-J
377.500 July 1 1925
($500) ..................................c * /In t. a t Prov. Sav. Bk. A T r. Co., Cln. T ru st.
2 9 ? ? k - " A.S?.8UW®c t to call a t any tim e a t 110. See V. 81, p. 264.
R O A D .—Will operate 41 miles of track from C incinnati to Loveland and
from Cincinnati to Blanchestcr. Gauge. 5 ft. 2 In.: 70-lb. rails. The line
to Milford and Blanchestcr, 38 miles, Is now In operation. E nters Clncinna^.?X?£Ake tracks of the C incinnati T raction Co.
O r I'IC E R S .— P res., 13. H . Kroger; Sec., J . Ncvln R oberts; A ud., Charles
J . P currung.— V. 8 1 , p. 264.

R A IL W A Y S

33

f$03,500,
o I ’SSSi .'1012-13
o8.0.8 ,0.9 to»nd1014-15,
lOOO-lO,$99,000;
$82,500:th ereafter,
1010-11.$100,000.
$88,000; 1911-12.
STOCK AND BONDS— Date. Interest. Outstanding. la st D it.
Stock corn $1,100,000 ($1 0 0 ).. -----<J-J
$1,100,000 J a n '12,
S t? & o r 3 e,& u ^ U 1v°e0: 0??} - Q-J
1' 100-00° J n '1 2 1 # %
Dividends. 5 % per annum Is being paid on the preferred stock. The
first dividend on the com m on of 34 % was paid Ja n . 1 1904 and H % was
p,ad ,
A,PrXd } • Ju lY 1 and O ct. 1 1904. In 1905, 1 %; In 1906,
3 % %in f o il? J a n ^ ^ V 908* 2% ; 19° 9’ Z H % ; ,n 1910‘ 2 * %: ln 1911 •
.•5 9 £ ? * T r0 w 4,1(1 operates 31.32 miles of track from the "Z oo" ln Cinclnnatl to H am ilton and 15 miles from Cincinnati to Lockland. G auge,
perates Inover
tracks of C incinnati T raction Co. from
"Zoo”, 2 J*
to y?che®*,
F ountain OSquare
C incinnati.
Tr?R»F
I
?
E
?
Sh
l5
,r$
e8'
,..H
V
8
.'
Coffm
L . Kllgour;
T reas., A . J . B echt, all of C incinnati.an; V.V .-P
75,., p.B.290,
497, 9 0 6 . Sec. and

C L E V E L A N D , O H IO .
CLEVELAND RAILW AY CO.—
Com pany Resumes Possession.— The receivers of the M tinicinal Tm rtinn
Co. having been discharged and the debts of th a t com pany provided for the
INTERURBAN RY. & TERMINAL CO.—A trolley road.
Cleveland Railway Co. on March 1 1910 resum ed possession of Its lines tinder
O RG A N IZA TIO N .— Incorporated In Ohio on N ov. 3 1902, and Is a con­ ordinance (see below) of Dec. 1909. V 90 n 6 2 6 T he S
solidation of the C incinnati A Eastern Electric R y.. th e R apid Railw ay Co. M unicipal Traction Co. was canceled of record. P ‘
*
and the S uburban T raction Co. In July 1907 obtained au th o rity to Issue
New Franchise Ordinance.—The "secu rity " franchise ordinance irrAnted
$1,000,000 pref. stock, of which $900,000 was In cxchango for an equal hiin» Hef!eatL?at
ra
tlPed
•
87•
P*
1089)
and
the
Schm
idt
ordinance
am ount of 1st ratge. bonds dated 1903. V. 85, p. 221, 469. T he 1903 being defeated a t a referendum election Aug. 3 1909 (V. 89. d 348) a new
bond Issue has been entirely canceled. In 1908 a new m tge. m ade, as below. franchise ordinance (V. 89. p. 1667) was passed In Dec. 1900 bv the Cltv
Council, and accepted by the railw ay co., based upon the valuation of the
STOCK A ND BONDS— Date. Interest. Outstanding. M aturity co’s
property as fixed by Ju dee T ayler. The ordinance grants franchises to
Com mon. $2,500,000 ($1 0 0 )_ _ ------ ----------- $2,500,000
operate on existing roads to May 1 1934. su bject to the righ t of th e city to
Pref.. $1,000,000 $ 10 0 ), 5 % ......................................
1.000,000 ’ "
the, Property a t any tim e a t par of bonded and lloating debt and
F irst m ortgage, $1,650,000,1 1908 5 J-.J
See tex t
1928
capital stock. In accordance with the term s of the ordinance, or on
gold............................................ I Int. a t C incinnati T ru st Co.. T nistee.
after Jan . 1 1918 to designate a purchaser or licensee In place of the co.
B onds.—Of the $1,650,000 1st m tge. bonds, a sm all portion has been sold and
on paym ent of sam e am ount. On Feb. 17 1910 a t a referendum election the
the rem ainder Is being used as collateral for loans.
ratified the ordinance (V. 89. p. 1667; V. 90. p.167.502) On JulvlO
E A R N IN GInS.—
Forgross.
calendar
year 1910, gross. $319,173. Inu iuuu
1909 . gross,
gross electors
$304,641.
1908,
$299,433.
1911 City Council passed an ordinance am ending th a t of Deo. 1909 providing
ong other things, for additions to capital as required and particularly for
ROA D.—Comprises 22 mile* of track betw een C incinnati and New Rich am
ediate expenditure of $2,500,000 for Im pts., extensions and eciulDm ond, 33 miles between Cincinnati and Lebanon and 28 miles from Clncln the Im mThe
new ordinance also provides th a t the right of the city to pro­
natl to Bethel. The latter section was leased In Aug. 1906 to th e Union m ent.exten.,
b etterm ’ts or Im pts. shall term inate w henever the uncxnlred
Gas A Electric Co. of Cincinnati, but lease canceled Aug. 31 1907. Gauge pose
term or any renewal thereof Is less than 15 years, and also th a t during such
6 ft. 2J4 In. Also owns term inal station on Sycam ore S t., C incinnati’ period
the com pany m ay operate a t the m axim um rate of fare and fix the
Cars enter Cincinnati over the tracks of the Cincinnati T raction Co. 70-lb
and 97-lb. T rail. T otal track, 101.4 miles, all operated.
* schedules subject to the police power of the city. Provision Is also m ade for
use of surplus earnings during this 15-yr. period, either In the paym ent of
O FF IC E R S.— P res., Oh As. H . Davis; V .-P ., Lee H . Brooks; Sec. and the
noatlng d ebt or the creation of a s. f. to purchase securities and reduce
T reas., J . M. H u tto n .— V. 85, p. 221, 469; V. 86, p. 285.
capital value. A t a referendum election on N ov. 7 1911, the electors ratified
the ordinance am ending th a t of Dec. 1909.
O HIO TRA CTION CO.
Valuation.—Judge Tayler placed the value of th e physical property of the
Controlled by the M organ-Schocpf-McGowan syndicate.
o\!*vcland ®HCC* R y. Co. a t $17,511,306 and the franchise value a t $3,615,O RGAM ZATTON.— Incorporated In Ohio on May 22 1905, and owns
Ao ta U $21,127.150; agreed value of property purchased from Forest
practlcallv the entire capital stock of the Cincinnati T rac. Co., the Cincinnati t i
s i . 805.600- total valuation. $22,932,750. To this Is added
Zoological Co. and the Cincinnati Car Co., besides a large Interest In the com . J J in S i J n t^ 8t Pr rental accrued, m aking the entire "capital value”
and pref. stock of the Cincinnati D ayton A Toledo T raction Co. On July 6 $^4,091,050. The bonded debt of $8,128,000 and lloating Indebtedness
1905 lease of the Cln. A H am ilton T ract Co. was assigned to this com pany
A ^a nwnl 1008. S I.288.000. or $9,416,000 In all. Is deducted, leaving
by the Cln. Intcrurban Co. and the latter com pany placed In liquidation
: w e e d addition to equalize stock value, $550. m aking th e
This com pany also acquired the property of the T raction Building Co. f.Ii;r$7.?«05?
a*¥® .
va1116'’’ I. e., the capital stock, $14,675,600 The
which went Into liquidation^
,Dcrcased for the purpose of fixing the price a t which the
Shareholders on Feb.
24 191
......................authorized
an Issue of $2,500,000 5% bonds.
*]ee..m ay Purchase the property by the am ount of future
STOCK—
COSt of new pay-as-you-enter cars and 75% of the
Date.
Interest. Outstanding. Last D ie.
Com m on, $10,000,000 ($100). ....................................... $7,500,000 J a n .'12,1 % co9 9i mrem odeling old cars as pay-as-you-enter cars.
P ref., $10,000,000 5% c u m ... . . .
Q-F
8,500,000 Feb.M
2.13i
rehateMhAd^rt
3c;» w ,th lc - ex tra for transfers w ithout
F irst m tge $2,500,000 gold) 1911
5g
_ 2,500,000
1936
5 « /o n 'I nnri\
/ Lt/ V0U,l<I
y,c,d tho
a u thOn.inJut.onen 11911
capitalauthorval.—
?°*on n°atlng debt
and capital
stock.
sinking fund ($ 1 , 0 0 0 ) _____/In te re st a t Fidelity T ru st Co.. P hlla., trustee
Stock.— F urther Issues of stock can only be m ade for acquirem ent of Matter
iS § > r,tlfr22
r i h n r,when
Ct!,liCetitaken
li° 3 c*ucash
tare.
lc. p.
extra
for transfer,
b u1190
t the
to
be
rebated
p.
V.
92.
1498;
V.
93.
n
other properties and additions to the present properties.
B onds.—- First m tge. covers holdings of stock of the Cincinnati T raction other^dfii^hR
n nd ,saccording
sam c as cto,tycontracts
ta re .’ F areThe
for
suburbs, n??CC,nJa
5c., or iei
11 t?ii?a
tickets»t 9foreVn,50c.,
Co. and Cincinnati Car Co. owned and controlled by Ohio T rac. and all other otner
s schedules and routes arc subject to the supervision of th e city
property and franchises exception Traction cos. ownership of stock In C. D
of
ifar,
e
i
to
hefix
ed
so
as
to
net
a
retu
rn
of
Interest
as
stated
A T . T rac. Co. and Cln. Zooolglcal Co. Bonds arc red. as a whole on and ?R5!ii5?£*r%?8
valuation of the property and perm it of the m aintenance a t
after March 1 1910, or In p art for sinking fund on March 1 1912 or any Int ; ° v e ° n thea so-called
Interest fund of a t least $500,000. V 89. p 1667
d ate thereafter a t 103 and Int. Sinking fund provides for retirem ent of all tim es offare
allowedw ithout
Is 4c. rebate.
for a single fare, or 7 tickets for a quarter!
bonds at m atu rity . V. 92, p. 726.
w
ith
lc
.
for
transfer
Dividends.— F irst dividend on pref. stock— 1 M %—was paid Aug 1
1905; 1 H % has been paid quarterly since to and Including Feb 1912 On
O R G A N IZA TIO N .—In 1908 changed nam e from the Cleveland
Electric R ailw ay Co. (which had In 1903 taken over the Cleveland Cltv Ry.)
O c t ' 1 % .UIVIn_ l'oT2TSal;1,N! % •.'
I n ' 10' O ot1% ; nnrPmYn
aD4i»R a Vay
?nd authorized new stock to the am ount of $35.n
rcl
v.W
K
eslcy^Sohoepf;
V
.-Ps.,
Chas.
P
.
T
art.
J
.
D.
T,hc o d 8^och Cleveland Electric Ry. was given a valuation
frorakcr J r.. V .-P. 4 Gen. M gr.. D ana Stevens: See.. W alter A. D raper:
858 P,ef share, or $12,870,000 (the stock having form erly been $23,400,A sst.Seo., D. J . Downing: T reas., II. L .Sanders; Com p., W . II. McAllister; t . ) ; which valuation was agreed upon after extended conference, and
A ud., A. L. K ascm cler.— V. 80, p. 1142; V. 91, p. 871: V. 02. p. 462, 726. which was paid In new stock Issued by Cleveland Railw ay a t a par ($100)
valuation. 1he Forest City Ry. (which had first absorbed the Low F are
(1) The Cincinnati Traction Co.
Ry.) was purchased for $1,805,600 stock of Cleveland R y.. the shares of the
O B O A N IZA TIO N .— incorporated in Ohio on Feb. 10 1001 w ith an borest
City R y. being accepted a t their par ($100) value.
authorized capital stock of S2.000.000 (which, all except 11 shares Is 1Ag
10 1910 stockholders were offered the right to subscribe for
owned by the Ohio T raction Co.), to take over under lease th e C incinnati 1° X n, TMarch
Cik ,astockholders
t»pa,r V ,Y- 90>a uPv771
• 5386,200
of newm tge.
stockV.was
S treet B y. Co. Sec V. 72. n. 301.
On Jan.neW«
. 26 t,°0
1911
th . a new
$35,000,000
92, taken
p.260..
Decisions.— On Deo. 27 1011 Judge H odhcbner in Superior Court decided
On Ju ne 18 1910 m otorm en and conductors were aw arded an Increase In
th a t com pany is accountable to city for 6% of gross earnings from nil wages
of
4
cents
an
hour,
effective
Ju
ne
15
1910.
V.
90,
p.
1675.
tr*Ifi° w lth'n city lim its, Including the part of It retained by intcrurban rtfs.
STOCK AND BONDS—
Date. Interest. Outstanding. M aturity.
In d i e s —Date. interest. Outstanding. M aturity Stock
$35 000.000 ($ 1 0 0 ) ------------Q-J
$15.073 7 0 0 Jan '12,134
Kt| notes A $200,000 g($l .000) 1908 6 g A-O
$130 000 Six text
Equip notes.Ser "II" 1360,0001 1010 5 g J-J
306,000 Seo text
535*000'000
1911st In
5MNew
-S York 5.000.000
1 1931
......................c* /In tere
City or CMch
leveland.
($1,000)
gold (81,000)---------------- o * JIn t. a t Fidelity T ru st Co.. Phlla., trustee1
Equip notes, series "GY’I 1911 5 g J-J
200,000 See text
fty 1st cons m tgel 1803 5 g M-S
5.000.000 Mch 1 1913
($1,000) goltf. not red.c*& r) Int. a t C entral T rust Co.. N. Y .. T rustee.
5220,000 gold ($1,000) . c * t Fidelity T ru st Co., Pblia., Trustee '
All 3 Issues of notes are guar., p. & |. by Ctn. T rac. Co. Scries "A " xnP0n£s -~:o t l.he flrst nugc. of 1911, $5,000,000 arc reserved to retire CIcve
arc 1st m tgo. on 50 new cars. Thev m ature $10,000 every six m onths from Elec.
Ry 5s, the n ext $5,000,000 auth . m ay be Issued for 85% of cash cost
O ct. 1 1008 to April 1 1918. Incl. Scries “ II" aro a 1st m tge. on 100 new of extensions,
betterm ents. &c., and rem aining $ 2 0 , 0 0 0 ,0 0 0 bonds for 50%
oars and m ature $18,000 every 6 mos. from Jan . 1 1011 to 1020, Inclusive or
such
cost, when net earnings for previous 12 m onths shall have
V. 01, p. 154. Series "C " notes arc 1st m tge. on 30 new cars. They m ature equaled acash
t least twice the Int. charge. Including bonds proposed to be Issued
$11,000 half-yearly from Ja n . 1 1012 to Ju lv 1 1021. V. 93 p 526
Bonds are red on any Int. d ate a t 105 and Int. Citizens' Savings & T ru st
R E P O R T .— For 12 m onths ending Dee. 31 1010, gross, $5,001.510- In Co..
Cleveland, and B ankers T ru st Co.. N. Y ., trustees. V. 92, p. 659.
1000, gross, $4,731,731: in 1008, gross, $4,428,278.
' '
9rtYxyear
(Jan. and Feb. 1910 under receivers and
ROA D.— Tho Clnn. S t. Rwy. comprises 222.18 miles of track In th e city
of Cincinnati, Ohio, extending also to adjoining suburbs. The last cable 1? J i g 31. 1910 un? H 3c‘ farc ordinance), gross, $6,123,642; n et,
line was converted to electricity In June 1902, Gauge, 5 ft.. 2W In
C«5&).
O FF IC E R S.— Pres., W . K eeler Schocpf; C hairm an E xecutive Com ., I904J70® defle” : $ 7 V 7 8 .” ' : ' n t' “ “
W. Kcsley Schoepf; V .-P., J . 11. Forakcr Jr.; V .-P. and Gen. Mgr., Dana lo ™ 'npnh!
?fd rfA'r^iiFlirnfndiY,'7-.1ii(JS—
’u ndc^
ncwtofranchise
April 1910 and 1
quar.
since
and Incl. ordinance
Ja n . 1012 of Deo
Stevens; Sec., W alter A. D raper; A sst. See., D. J . Downing; T reas., II. L.
Sanders: Com p., W. H . MacAlllster; A ud., A. L. Kasemelcr: Asst. Gen. 141-B, s t ^ r d ^ '^ o T ^ ^ M c r ™ M h .° f traC k' M° 3t,y 82' 95- 103 and
o 5 I -i .TA- r'tffe ra ld : Gen. S upt. R . E . Lee: Chief E ng.. Thos. E lliott:
E R S.— Pres. & Gen. M jr., J . J . Stanley; V .-Ps., C. F . E m ery and
Purch. A gt., C. H uckm ycr.— V. 01, p. 154, 1327; V. 03, p.526; V .04. p.206. R .OA.FFHICarm
an; Seo. 4 T reas., II. J , D avies.— V. 89 d 41 34 8 7 7 8 nix
(a ) Cincinnati Street Railway.— Electric.
1223 1667; V. 90, p . 167, 302, 502, 626, 1675; V. 91. b 214, 1M7 'l710:
21 1001 to tho C incinnati T raction Co. for th e un- V. 02, p. 260, 526, 659, 955, 1408; V. 93. p . 286, 1190.
i a 8 a i m r?n
franchise granted by the City of C incinnati on Aug. 13
u®
m tunuirf11,,8
!v0 dividends
,r,p,M;wcIs and
the samo.
rental
CLEVELAND SOUTHWESTERN & COLUMBUS R Y —A trolley road.
la Intended
to provide
of 5extensions
3i % for thofe first
vear 5The
u for
th*
O RG A N IZA TIO N .— incorporated In Ohio on M arch 4 1007 and Is a
seeond. 5 H t h i r d a JJ.d ®% for the fourth year and thereafter. V. 72. consolidation
of the Cleveland * Southw estern T raction Co., the Cleveland
p. 136. Franchises, It Is claim ed by com pany, m ature April 22 1946.
Ashland it Mansfield T raction Co. and the Ohio C entral T raction Co. F or
J$unc
21
188°*
and
In
1806
Purchased
term
s
of
exchange
see V. 83. p. 1590. Also owns the N orw alk Gas 4
Mt. A dam s A Ldcn I ark and M t. A uburn roads.
Electric Co. In 1907 acquired 4505.000 of the $650,000 com m on stock of
STOCK AND BONDS— P ar. Interest. Outstanding. Last dlv.,dbc. the
Mansfield
Railw
ay,
Light 4 Power Co.
8tock $20,000,000........................ 50
6 Q-J
STOCK AND BONDS— Date. Interest. Outstanding. M a tu rity
.O ct.
D X1V1901
lD feN tfS .-’1’o and.lncludlng April lS o i, 5%$18,511,950
p er annum : Sec
J u lyteTxat.n d Common
$7,500.000..............................
................. .. $4,185,500
and Jan . 1 and April 1 1902. 1.3125% each- J u y l i 9 0 2 O ct 1
$2,600,000 5 % cum .................................................. 2.412.000
1902, Jani01
n.. 1 1903 and April 1 1903, 1.375% ea& ; J u l y l a n d O c t l i o o l Pref
First general consol m ortgagel 1007 5 A-O
985.000 A n r lll" l 0 2 7
and Jan . nivs
1 and
______.._________.
,
______
„
A
M
.....
April
1
1904.
each
1.4375%;
Ju
ly
1904
1&
%
O
ct
1904
$ 10,000,000($1.000)g c * 4 r |I n t. a t Cleveland T r. Co,, Cleve., T rustee.
*1n r n have
hnvn been
been aAtt the
the rate ofA t 6%
« per annum aud will so
‘ 1004*
I 34 % to• tho
D1vend
8. since
ron* Cleveland
4 E lyria first m o rt-t
" l 1895* '- 6 M-N
—
“200,000
‘
tlnue
of lease and
its renew rate
als.
v annum anu win so conMay 1 1015
gage
a t Citizens’
Co ..
Subjectonto 18
call.miles ($500) J(Interest
Cleveland,
T rustee. Savings’ 4 Ttrruu sstt t,o
O FF IC E R S.— Pres., John Kllgour; V .-P., E dw ard Goenner- Seo A T
B eoht.— V. 82. p. 452; V. 83. p. 1523; V. 84. p. 1551; V . 9 P p . l 4 4 6 ! ’ * ' Elyria 4 .Oberlln flrst mort-1 1897 6 F A
loo 000 Aug 1 1 9 1 7
gage on 0 miles ($500) g o ld lln te rest a t Cleveland T ru st Co T rustee
(2) Cincinnati & Hamilton Traction.—A trolley road.
Subject to call.
1
O RG A N IZA TIO N .—This com pany was organized In Auir 10 0 2 ah a
Ber E lyr 4 Oberlln consl 1899 5 g M-S
127 000 Mch 1 1 9 1 0
consolidation of the Mill Creek Valley Street R y. and the H am ilton Glendale Clev
M
$500,000
g
($1,000
each)
[interest
a t Cleveland T ru st Co.. T rustee
A C incinnati T raction. V. 75. p. 497. On Sept. 301002 was le ase d to the
Subject to call.
j
C incinnati Intcrurb an Co. (V. 75, p. 906), but on Ju ly 6 1005 lease iiK Cleveland
Elyria 4 W estern f 1000 5 g F-A
1,073 000 Aug 1 1920
assigned to tho Ohio T raction Co.» and the Cincinnati Intcrurban Co nlared
flrst m ortgage $1,500,0001 In t. a t Cleve. T r. Co., Clev’e .. T rustee o r a l
In liquidation. R en tal, year beginning O ct. 1 1002-03. $58^000'1003 04
($1,000) gold................... c 4 r t N at. Bank of Commerce In N. Y. M ay be
$60,600; 1904-05. $66,000; 1005-06, $71,600; 1006-07 and 1007-08.
l called a t 100.




’ i34

M AP OF THE

C L E V E L A N D ,

P A IN E S V IL L E
A N D

E A S T E R N

S Y S T E M .
TRAC TIO N CONNECTIONS
F am ham °
C la rk C o rn e rs o

Bushnell
"

>JEVA!| SAYBROOK!
dnnsoj

t>

PERR^

CONCXORD

LEROY

^

-----A

R iv e r

iHARPERSFIELI

|

THOMPSON

Jefferson'

LinesvilleRom e
N e w L y n n e S ta .

Scol

OHIO

Headvillc
Ancloyer
M ann

Westford
Atlantic

F .O r w e l l
Io n a .
T riu m p h

Y ork

• J a m e s to w n

B u rto n o

M id d le fie j
OHIO
FAST
ikagrin F alls South N ew bury

rG r e e n v i l l e

N . B lo o m fie ld o

c N .B ristol

C orinth4!

W e st G re e n w o o d

lxxxxxy.

B u r t o n S ta .

Buchanan

.

F u lle rto w n

E .C l a r id o n

Vallo'n-ia

C om ieaut L a k e b ^ _ ^ \^ tso n )R u n

W ic k <

S to n e v i l l e

Meadyille Jc.

ol

W in d e r m e r e

Pierpont

T ru m b u ll

Ihardon

C l a r id o n .
'o w l e r s M il ls

M osiertown

Conneautville

[V

1

o B u la h

S e n tin e l

^ f^ E U C L lD

H jT E U C L ID j MAYFIELD] M u lb e r r y C o r n e r s
E. CLEVELAN D
{ C h e s t e r la n d
a

F d in b o r o

K e e p v ill e

• T hom pson

klRTLAND

CHARDOl

A lb io n

Crossingville o

G id d in g s

L i t tl e o _ _
M o u n ta in

T e m p le o

Cherryhill

\ \ P ly m o u th

5*
G ngg‘

Mclyaiie

S u m n e r v i lle

Plym outh

MechaiiicsvilleJ
MADISON H aJP erefield C ^ .

WICKLIFFI
WILLOUGHB)

Middleborol

G ira rd

ELECTRIC RAILWAYS




R A IL R O A D

J a n . 1912. J

E L E C T R IC

STOCK AND BONDS— Date. Interest. Outstanding. M aturity.
E lyria G rafton A Southern 1002 5 g J-J
$100,000 Jan . 11922
R y first m ortgage guar
a t Cleveland T ru st Co., Cleveland,
antced by C E & w ($100,­ Interest
T rustee, and T ru st Co. of A m erica, N . Y .,
000 ($ 1 ,0 0 0 ) gold...............o*. Can be called a t p ar on Jan . 1 1912.
Norwalk Gas A Electric first 1900 6 A-O
A pril 1 1920
m ortgage $110,000 ($500) g In t. a t G uardian S. A 110,000
T r. Co., Cleveland,
Subject to call.
T
rustee,
or
Chase
N
ational
Bank,
N . Y.
Cleveland A Southw estern’ 1903 5 g P-A
1,400,000 Feb. 1 1923
first and consol m ortgage In t. a t G uardian Sav. As T r. Co., Cleveland,
$3,000,000 ($1,000) g_.cA r T rustee, or T ru st Co. of America, N . Y.
Ohio C T rac first m ortgage 1899
5 g J-D
150,000 June 1 1919
$150,000 ($1,000) g old -.c* t. N. H aven T r. Co., N. Haven, Conn., T rus.
Ohio C entral T raction consoli­ In1903
5 g M-S
250,000 Mch. 1 1923
d ated m ortgage $400,000 In t. a t Cleve. T r. Co., Cleveland, T rustee, or
($500) g o ld -.. . . . . . . .
a t N ational Bank of Commerce, N . Y
Bonds.-—Of the $10,000,000 new bonds. $3,510,000 are reserved for prior
Bens and $5,492,000 for extensions, lm prov’ts, Ac. $13,000 have been
retired. T hey are sub. to call after 10 years a t 105 and accr'd Int. The
Cleveland A Southw estern bonds of 1903 arc subject to call on and after
r c b . 1 1913 a t 105 and Int. $1,600,000 of this Issue are reserved to retire
certain underlying bonds.
Of th e Cleveland Berea Elyria & Oberlln 5s d ated M arch 1 1899. $300,000
rem ain In reserve for the retirem ent a t or before m atu rity of the divisional
os to a like am ount. Of th e $1,500,000 Cleveland Elyria & W estern new
58, $427,000 are reserved to retire prior liens. The Ohio C entral T rac. Co.
consol, bonds m ay be called upon 30 days’ notice a t 105 and Int.: $150,000
of consols are reserved to retire a like am ount of first 5s. F irst m ortgage
was originally $200,000 authorized, b ut $50,000 canceled subsequently.
E A R N IN G S.— F or calendar year 1910, gross, $1,015,627; net, $434,188;
other Income, $661; charges, $338,274; surplus, $96,575. In 1909, gross,
$900,944; n et, $345,815; charges, $300,884; surplus, $44,931.
RO A D .— O perates 208 miles of track (of which 132 miles are on private
rig h t of way) In and from Cleveland to Berea, E lyria, O berlln, Norw alk,
M edina, W ellington, N orth A m herst, L orain, Crcston, Chippewa Lake,
Seville, W ooster, Llnndale, P urltas Springs, Gallon, Bucyrus, Mansfield
and A shland. 60 and 70-lb. rails. S tandard gauge. Operates 70 cars.
Also does freight and express business. Com pany owns Purltas Springs
and Seccalum Park and reaches Chippewa L ake. Also owns and operates
electrlo-llghtlng plant In Norw alk.
O FF IC E R S.— Pres., F. E. Myers; 1st V .-P ., A. E . Akins; 2d V .-P .,
L . J . Wolf: Sec. & Gen. M gr., E . F . Schneider; T reas., J . O. Wilson; A udi­
to r, H . B. C avanaugh. General office, Cleveland.— V. 84, p. 569, 748, 995.
1113; V. 85, p. 283; V. 88, p. 294, 504; V. 90, p. 913; V. 92, p. 260.
(1) M ansfield Railway. Light & Power Co.—A trolley road.
In 1907 control passed to the Clev. Southw estern A Columbus R y. Co.
O RG A N IZA TIO N .— Successor In April 1903 to th e Citizens’ Electric
R ailw ay, Light A Power Co., which In turn was successor to the Mansfield
Electric S treet R y . Owns entire street railw ay and electric light system s
In the city. City franchise runs till 1025.
STOCK AND BONDS— Date. Interest. Outstanding. M aturity.
Com mon, $650,000 ($ 10 0 ) ................................................ $650,000 .................
Prcf., $350,000 ($10°) 6% cum ...............................
350,000 1907. 6%
Citizens' first m ort. ($400.-/ 1901
5
200,000 April 1 1923
. 000) ($500)----------------------(In terest a t Cleveland T r. Co., Cleveland, T r.
Mans Ry L t A P gen m tge $1.-1 1903 5 g A-O
742,000 April 1 1918
OOO.OOO.g ($500A $1,000) c *\U nion Sav. 13k. A T r. Co.. Cln., T rustee.
Bonds.— Interest on the new bonds of the Mansfield Railw ay Light A
Power Co. Is payable a t R udolph K leybolte A Co.’s office, New Y ork,
C incinnati and Chicago. $200,000 of the new bonds arc reserved to retire
the bonds of the old Citizens Com pany and $58,000 for future acquisitions
and Im provem ents. A reserve fund of $10,000 per annum Is m aintained, to
be useci for extens. and Im pts. N ot subj. to call. Sec V. 76, p. 810.
E A R N IN G S.— For 12 m os. from April 1 1909 to Mch. 31 1910, gross,
$203,583; net, $78,250; Interest, $47,100; balance, $31,150.
RO A D .—Owns and operates 9 miles of track In Mansfield and an Inter­
urban line of 12 miles to Shelby; 60 and 70-lb. T rail. 40 cars.—V. 78, p.
2442; V. 83. p. 1291; V. 85, p. 284.
CLEVELAND PA IN ESV ILLE& EASTERN RR.— (See M ap on Page 34.)
O RG A N IZA TIO N . Ac.— Incorporated In Ohio on April 25 1895. Road
com pleted In Ju ly 1908. Franchises expire from 1920 to 1935. In June
1906 acquired control of the Clev. Palncsv. A A sh. R R . V.82, p.1322, 1379.
On Ja n . 25 1911 stockholders voted to Increase authorized stock from
$2,000,000 to $3,500,000. V. 92 p. 260.
On Dec. 28 1911 Ohio P ub . Serv. Comm, granted a u th . to Issue $211,000
bonds for Im pts. V. 93, p. 1785. These are n o t shown as o u t In table below.
STOCK AND BONDS— Date. interest. Outstanding. M aturity.
Stock $3,500,000 (par $ 1 0 0 ) ...........................................$2,500,000 .........................
F irst m ortgage $500,000 gold f 1896 5 g A-O
500,000 April 1 1916
($1 000 each)---------------- c*j Interest a t M orton T ru st Co., N . Y ., or
0
l Cleveland T ru st Co., Cleveland, Trustee.
C onsolidated m ortgage $2,- f 1898 5 A-O
1.131,000 O ct. 11918
000,000 ($1,000) g o ld ------{ In t. a t Citizens’ Sav. A T r. Co., Clove.,
_ „
.
I T rustee, or T ru st Co. of A m erica. N . Y.
R cf’g and extension m tge $ 5 ,-f 1908 5 g M-N
378.000 May 11948
000,000 gold ($1,000) .- .c * l in t. a t Clev. T ru st C o., Cleveland, T rustee,
I or com pany’s agency In New York.
Bonds.— Of the $2,000,000 consols authorized, $500,000 Is reserved
to retire underlying liens. I t Is provided In new refunding and extension
m ortgage th a t rem aining consols cannot be Issued. Of tne refund, and
extension bonds, $87,000 are In treasury, $1,631,000 are reserved to retire
prior Hens, and $2,904,000 are reserved for future extensions and Im prove­
m ents, to be Issued only when net earnings for preceding 12 m onths have
been not less than 25% In excess of Interest charges on outstanding bonds,
Including those to be Issued. S ubject to call M ay 1 1938 or on any Interest
d ate thereafter a t par and Interest on 30 days’ notice.
R O A D .—Owns road from Euclid, Ohio, to Palnesvllle and F alrport,
24.02 miles (“ Main Line’’), and uses Cleveland Electric R y. from Euclid
to Public Square, Cleveland, 10 miles; also owns "Shore L ine,” extending
from W illoughby to Glenvllle, Ohio, 14.89 miles, and uses the Cleveland
Electric Railw ay Co.’s track from Glenvllle to the Public Square. Cleveland.
5 miles. T otal track operated (Including 4 H miles of double), 4 6 H miles.
W ith the Clove. Palncsv. A A shtabula form s a continuous line from Cleve­
land to A shtabula. Ralls 68-lb. girder on Main Line, 75-lb. T on F alrport
Line and 70-lb. T and 90-lb. girder on "Shore Line” ; 29 m otor cars and 8
other cars. Power-house Is a t W illoughby. Car-houses a t W illoughby,
Palnesvllle and N ottingham .
Latest E arnings.— F or 11 m os. end. N ov. 30 1911, gross, $337,970; net*
afte r taxes, $151,678; Int., $91,607; su rp ., $60,071. In 1909-10, gross,
$328,235; n et, after taxes, $157,681; In t., $88,638; surp., $69,043.
R E P O R T .— For years end. Deo. 31. For 1910 report sec V. 02, p. 391.
„
1010.
1009.
1908.
1907.
1906.
Gross earnings......................$355,469 $321,173 $305,745 $296,318 $271,100
Expenses ............................... 175,169 163.909 168,494 *157,107 *143,993
- N e t ......................................$180,300 $157,264 $137,251 $139,121 $127,107
Fixed charges and ta x e s .. 106,618 101,283 06,736 86,552 83,039
S u rp lu s ............................... $73,682 $55,981 $40,515 $52,569 $43,168
In 1906 and 1907 taxes are Included In operating expenses.
O PPIO E U S.— Pres., E . W . Moore: V .-P ., J . A. Bcldlcr; V .-P. & Gen.
Mffr., J . Jordan; T reas., E . V. Hale: Sec., F red. S. Horton; A sst. Sec. and
E . L. Schm ock, W illoughby, O hio.— V. «8, .174. 1313, 1610;
V. 00, |>. 621; V. 02, p. 260. 391: V. 03. p. 1785.
_^!ovl:|and Palnesvllle & A shtabula R R .— A trolloy road. Entirely
w ay. except through some of the villages, where
franchises expire In ot1027.
O H G A N IZA TIO N .— Incorporated In Ohio In 1002.
c . * 1 L,ooo.ooo
'} ,1!!? , BONDS—
Date. Interest. Outstanding.
M aturltv.
stock
ts io o )....................................................
8 1 ,0 0 0 .0 0 0 .................
F „8ti i
* l .000.0001 1002 5 g J-J
850,000 July 11022
«i?n -OOO
n n V bonds
.— r-care
* llnInt. atreasury.
t ClevelandNoT rust
Co., fund
Cleve.,andT rustee.
*finVTrf.bo1. called.
sinking
bonds
cannot
See V. 75,
p. 5 4 0 .
R E P O R T .— For years ending Deo. 31:
*???*
Gross■
N et.
In t.A Taxes. Balance.
.........................................8136.273
843,166
850,511
dcf.813,345
10® 9......................................... 127,102
41,051
65,350 del. 14,308




R A IL W A Y S

35

R O A D .—O perates 25 miles of track betw een Palnesvllle and A shtabula.
P u t In full operation on Ju ly 30 1004. 70-lb. T and girder rail used. T rack,
standard gauge. Connects a t Palnesvllle w ith the Cleveland Palnesvllle 6c
E astern R R . and a t A shtabula w ith th e Pennsylvania & Ohio R y.— V. 82,
p. 1322, 1370; V. 80. p. 337; V. 88, p. 374; V. 82, p . 322.
CLEVELAND & EASTERN TRACTION CO.— A trolley road.
O RG A N IZA TIO N .— Incorporated In Ohio on M ay 18 1910 to succeed
th e Cleveland Sc E astern division (V. 00, p. 1613) ot th e E astern Ohio Trac­
tion Co. per plan In V. 80. p. 1541. 1596.
STOCK AND BON DS— Date. Interest. Outstanding. M aturitu
Common 8600.000 (8100)...........................................
8381,600
.
P ret 8500.000 5% n-o ( 8 1 0 0 ) ......................................
465.865
__
F irst m ortgage. 81.000.000,1 1010 5 g J-J
764.000 Ju ly 11032
gold (81,000)---------------- c * \In t. a t G uardian Sav. Sc T r. Co., Cleve., tru s.
B onds.— R em aining bonds reserved for extensions, &c. B onds su bject
to call, any or all, on any Int. day a t 103 and Int.; began to draw Int. from
after J a n . 1 1912. V. 01, p. 336.
w ,? jr^ P P erates
allies of gauge.
track from
Cleveland
and? MiddlcQeld,
O. 40S tandard
60-lb.
T rails.to C hardon, B urton
,-„OIT ,IC E I^ . — Pres*. H . P . M cIntosh; V .-P., H . Clark Ford: Sec. and
HP?R obt. d . B eatty; T reas,, C. A. T aylor. Office, 701 E lectric
Bldg.. Cleveland. O — V 91. p. 154, 336.
CLEVELAND YOUNGSTOWN & EASTERN RY. CO.

—;In <h>r Porated In Ohio on Ju ne 1 1906. On M arch 1
L?
Ired the Cleveland A Chagrin Falls R y. (Incorporated F eb. 18 1910
to take over the Clev. Sc Chag. D lv. of the E ast. Ohio T rac. sold F eb. 5 1010).
A n ? <?£.n,DS—
s i s . 500 M aturitu.
Stock 8152,500
(8100)______ Date. Interest Outstanding.
C1n000
no ,<SSrteif?o1
n
.1nH
¥.&o?0,.
i
r
191®
'
I
W
'
i"fo30
gold (SlOOand S 5 0 0 )c')In t. a t G uardian Sav. Sc251,000
T r. Co.. Jan~
Clev.,
tru s.
C |ogold
) L (81.000)
* i Ennni see
Sn*Ve»
2,002
8 ( W S av. 6c T52.000
Jan 1 tru
1915
te xf?t..c - JlTI n1010
t. a t Citizens’
r. Co.. Clev.,
s.
I
,T ,Ci? v..c A I ' ® 1*"bonds subj. to call, any or all, on any Int.
J 48’100 are In treasury . C. Y. Sc E . R y. bonds
’ Par and Int. T hey are 1st m tge. on line betw een
a n d ^ h a g d n ’pahs G arrettsvllle ancl 2d m tge. on line betw een Cleveland
RO A D .— O perates 37 miles of line betw een Cleveland, Chagrin Falls and
G arrettsvllle. S tandard gauge. 60 and 70-lb. T rail.
O
IC EBReatty;
S.— Pres..
H .P C.
.M A.
cIn Ttoaylor.
sh ; V .-P ., II. Clark
R ob FF
t. D.
T reas.,
■ Ford; Seo. Sc M*gr..
LAKE SHORE ELECTRIC RY.— (See M ap on page 36.)
ORG AN IZA TIO N. The Lake Shore E lectric R y. w as Incorporated od
Sept. 25 1901 under laws of Ohio as a consolidation of th e Lorain A Cleve­
land R y.. the Sandusky A Interurb an R y ., the S andusky N orw alk A S outh­
ern R y. and the Toledo F rem ont A Norwalk R R . V. 73. p. 784 A bout
half the road Is built on private right of way; Jranchlses for the rem aining
half were In 1908 stated to have an average life of 15 years. Com pany has
traffic agreem ent by which lt enters the cities of Cleveland and Toledo
over the tracks of the local street railw ay system s. In Juno 1911. through
service w as Inaug. between Cleveland and Lim a via Sandusky and F rem on t,
a distance of 165 miles. Also through service betw een Cleve. and D etroit
Controls th e Lorain S treet R R . and the Sandusky F rem ont A Southern
tty-. which sec below. In 1907 m ade contract to supply power to tbe
loledo Findlay A Fostoria and several other roads. V. 85, p. 1646.
In 1910 charter was am ended so as to transform the then existing 5%
5tpck of 53,000,000 Into $1,000,000 6% cum . 1st pref. and
$2,000,000 5% non-cura 2d pref. stock ; V. 90, p. 698. A t the sam e
tim e accum ulated dividends on old pref. stock (part of which had been
Issued later than th e rest) were adju sted . V. 90, p . 1170, 1296; V. 91, p
n 2 w(pDS7
m
Interest. Outstanding.
M a tu rity.
________
* 4 500 000
Common, $4,500,000
ar$ 1 0 n0 )____
1st pf 51,000,000 (5100) 6 % cum ____
Q-J
LOOO OOO ,fa n "l2 ~ ili2d pf $ 2 , 0 0 0 ,0 0 0 ($100) 5 % n - c ................. ..
2 000.000 No d lv. y et
m tf:
8 4 .OOO.OOOf 1903 5 g J -J
1.710,000 Jan 119 2 3
($1,000), g o ld ....................c*( In t. a t Citizens’ Sav. A T r. Co., C leveland,
_
,
l T rustee, or T ru st Co. of A m erica, N . Y.
General m tge,
$7.000.000f 1903 5 g F-A
2.255,000 Feb 11933
($1,000), g o ld ....................c*( In t. a t Citizens’ Sav. A T r. Co.. Cleveland,
. , .
l T rustee, or com pany’s agency In N. Y.
Lorain A Cleveland 1st, gf 1897 5 g J-J
750,000 Ju ly 1 1927
($1,000), $1,000,000 --------\ Interest a t Cleveland T rust Co., T rustee, or
_ „ . __ _
„
l T rust Co. of A m erica, New Y ork.
T F A N 1st m tg, $1,500,000.) 1900 5 g J-J
1,500,000 Jan 1 1 0 2 0
g, guar ($500, $1,000) __c*JInt. a t Union T rust Co., D etroit T rustee.
Bonds.— Of the $4,000,000 first consols, $2,250,000 are reserved to retire
prior liens; $40,000 have been canceled; $4,000,000 of the general m ortgage
5 per cents are reserved to retire the first consols and $745,000 for extensions
and Im pts., a t 80% of cost. N either Issue Is subject to call. A striking Jund
retiring $10,000 of first consols per annum com m enced Jan . 1 1909 and runs
until 1014. From 1920 to 1922, Incl., $30,000 bonds per annum are to be
canceled. The L . A C . bonds can be called after Ju ly 1 1917 a t p ar and Int.
The T . F . A N . bonds can be called a t 110 and Int. on any Int. date upon 90
days notice. A sinking fu n d on the T . F . A N . bonds of $10,000 per annum
commenced In 1905 and runs to 1909, Incl.; from 1910 to 1914, $2 0 ,0 0 0 per
annum ; 1915 to 1919, $30,000 per annum . $82,000 bonds arc held In sk. fd .
L ien.—The T . F . A N . bonds are a first lien on th e division betw een
lo led o and Norw alk; the L. A C. bonds are a first lien on th e road betw een
Cleveland and Lorain; and the 1st consol, bonds a first lien on all other
lines and also a second m tge. on the divisions noted above.
D ividends.— Initial dlv. on 1st pref., 1 H % . paid O ct. 1 1910. In 1911,
Ja n ., l M %; A pril, 1 H % ; Ju ly , 1 ^ % ; O ct., 1 M % . In 1912, J a n .. 1 M% .
Latest E arnings.— F or 11 m os. end. N ov. 30 1911, gross, $1,165,685; n et,
after taxes. $543,478; Int.. $381,650; su rp ., $161,828. In 1009-10. gross.
$1,110,541; n et, a fte r taxes, $530,648; In t., $382,347; su rp ., $148,301.
'rixI?
§ r 5 .R 1 t, —EF rem
?r years Aending
Dec. 31, not Including Lorain S treet R R .
InO
1907.S andusky
See report in ont
V. 92,Southern
p. 457. R y. was placed In operation Sept. 17
„
1010.
1909.
1008.
1907.
Gross earnings________ $1,005,879
$919,613
$867,269 $913,161
O per. exp. A ta x e s_____
536.096
497,331
490,974 521.559
$469,783
$422,282
$376,295 $391,602
Interest .
352,550
294,073
350,450
326,233
$117,233
$50,062
$71,832
$97,529
O ther Incom e.
25,000
25,000
25,000
25,000
$75,062
$142,233
$96,832
$122,529
R O A D .—-Operates 172 miles, extending from Cleveland to Toledo
ana S andusky, and from S andusky to Norwalk; also city lines in Sandusky;
standard-gauge, 70-lb. rails. Through line from Cleveland to Toledo was
opened for business about Aug. 26 1 0 0 2 . In addition owns th e Sandusky
Frem ont A Southern, 20 miles, and the Lorain Street R R ., 24.77 m iles,
m aking a to tal of 216.77 miles. 72 passenger, 5 baggage, 17 w ork and 47
freight cars. T otal, 141.
O F F IC E R S .— Pres., E . W . M oore, Cleveland and N . Y.; V .-P .. W . H
Price, Cleveland; V .-P. and Gen. M gr., F . W. Coen, S andusky, O.: Sec and
T reas., Jo hn P . W itt, Cleveland.— V. 88, p . 3 7 1, V. 89. p . 721; V. 9 0 . d 110
368, 37 2. 698. 1170, 1296; V. 01, p. 790; V. 92 . p. 262, 457.
*
(1) Lorain Street Railroad Co.—A trolley road.
O RG A N IZA TIO N .— Incorporated In Ohio on Aug. 3 1906 and Is a con­
solidation of the Lorain S t. Railw ay and th e Avon Beach A Southern R R
Entire stock and $500,000 new consols owned by the Lake Shore Elec. R y *
O perates on private right of way except three m iles In Lorain and E lyria
on w hich franchises run until 1919.
STOCK AND BONDS Par. Date. Interest. Outstanding. M aturity
Stock, $2,000,000 . . . $100 ................................... $2,OOO.OOo .
Lor. S t. R y. 1st M..1 1.000 1894
6 J-J
200,000 Ja n . 1 1915
$ 2 0 0 .0 0 0 . . . . . ------/In te rest G uardian T r. Co.. C leveland. T rustee.
o r. S t. R y. Cons.,1 1 000 1899 5 g M-N
550.000 Nov. 1 1949
M ., $750,000. g old) In t. a t G uaranty T ru st Co., N . Y .. T rustee
$1,000 .................c*J
st consol. m tge.l 1.000 1006 5 g J-J
500,000 July 1 11
$2,000,000, gold, In t. a t Cit. Sav. A T rust Co., Cleve., Trustee
guar. ($ 1 , 000 ) . . c#J
Agency In New Y ork.

ELECTRIC RAILWAYS
[V o l . l X x x x iv .




JAN., 1912.]

ELECTRIC RAILWAYS

Bonds.—Of the $2,000,000 new bonds, $750,000 are reserved for prior
liens and $750,000 for extensions, etc. They are g uar., prlu. and In t., by
end. by the Lake Shore Elec. R y.
E A R N IN G S.—For calendar year 1010, gross, $175,232; net, $78,795;
Interest, $04,500; surplus, $14,295.
ROA D.—Operates 24.77 miles of track betw een Elyria, Lorain and
Beach P ark. S tandard gauge. 24 cars.
(2) T h e S a n d u sk y F re m o n t & S ou th ern R y .

O R G A N IZA TIO N .— Incorporated In Ohio In April 1006. Is operated
as p art of m ain line ot Lake Shoro Electric R y. betw een Cleveland and
Toledo. Lake Shore Electric R y. owns entire stock. P rlv atcrlg h t of way.
STOCK AND BONDS— Dale. Interest. Outstanding. M aturity.
Stock. $2,000,000 ..................... Owned by the Lake Shoro Electric R y.
1st m ortgage, $2,000,0001 1900 5 g J-J
$015,000 July 1 1930
gold ($1,000) g uar____In t. a t C lt. Sav. A T rust Co., Clove.,
I trustee, or a t Agency In New York.
Bonds.— Are guaranteed, prln. and Int., by endorsem ent, by the Lake
Shore Elec. Ry.; n ot sub to call. See V. 83, p. 1099.
RO A D .— O perates a lino from Sandusky to F rem ont, 20 miles. 14 cars.
— V. 83, p. 97, 1099.
__________
C L IN T O N , I O W A .
CLINTON STREET RY.— O perates 15 miles of track In city of Clinton.
Main lino tnm ehtses perpetual: others lim ited to 25 years from N ov. 1908.
72 to 80-lb. T-rall. Stock S000.000 ({100), of which {590,800 is outstand
lng. I''undcd d eb t consists of {400,000 (S I.000) a u th . and o ut. 5% 1st M.
bonds (o&r), dated 1000, due Mob. 31 1920, Int. A. & O. a t 111. T r. & Sav.
B k., Cldc., tr. SubJ. to call a t 105. E arnings for 1911, eross, {143,782;
n et, {62,428. In 1910, gross, {149,500; n et, {68,200.
O FFIC E R S.— Pres., C. II. Young V .-P .. D. Lamran; Sco., A. L. Schuy­
ler: T reas., C. C. Coan; Gen. M gr., B ernard Bohnscn.
C O F F E Y V IL L E , K A N .
O RG A N IZA TIO N .— Incorporated Sept. 28 1906 In K ansas. Franchises
expire 1957. Road Is on private righ t of w ay except In Cofleyvllle and
Independence.
In O ct. 1911 K ansas Public U tility Commission granted auth o rity to Issue
$350,000 2d m tge. bonds ($100,000 Issued). V. 93, p. 591. ,
STOCK AND BONDS.— Date. Interest. Outstanding. M aturity
Stock, $500,000 .......................... ....................................... $500,000 ......................
1st m tge., $1,000,000, goldl 1907
5% J-J
644.000 Jan 1 1937
($1,000), sinking fund------/W arren (Pa.) T rust Co., trustee.
Second m ortg ag e------------------- -------6%
100,000 ..............._
B onds.—$350,000 rem aining 1st M. bonds are reserved for exten. a t 80
of cost of construction. R ed. an n . by lot a t 105 and Int. beginning Ja n . 1
1912, through s. f.; $6,000 have been retired. S. f. of 10% of net earnings
annually began In 1911. In t. a t N at. City B k., N. Y.; Commercial N at.
B k., Chic., and T radesm en’s N at. B k., Phlla. Sec V. 88, p. 1003.
E A R N IN G S .—For year ending Dec. 31 1910, gross, $183,869; net (after
taxes). $101,093, Interest, $30,731; surplus, $70,362.
R O A D .—O perates 47 H miles of road, of which 9 'A m * In Cofleyvllle,7 m.
In Independence and 31 miles of Intcrurban between Colleyvllle, Indepen­
dence and Chcrryvale. 70-lb. T rail.
O FF IC E R S.— P res., D. II. Slgglns, W arren. P a.; Sec.. II. A.SIgglns
T reas.. Sam . Q. .Smith.— V. 90, p. 1172; V. 91, p . 590; V. 92, p. 120;
V. 93, p. 591. 1727.
T H E U N IO N T R A C T IO N CO .

37

are leased to the Seaboard A ir Line R y. for 50 years from O ct. 17 1901 a t a
rental of $7,500 per annum . $100,000 pref. stock Is held by the Public
Service Investm ent Co.
STOCK AND BONDS— Date. Interest. Outstanding. M a tu rity.
Cora., $1,500,000 ($ 1 0 0 )____
$1,500,000 ......................
J-J
Pref., 6% , cum . a ft. Ja n . 1
1,200.000 J a n .'12,3%
1915 $1,200,000 ($100)__.
1st coll. M.. $1,500,000 gold 1903 5 g A-O
758,000 A pr. 1 1933
($1 .00 0 )---------------- -------c* /In terest a t City T rust Co., Boston, Trustee
T hree-year notes, $1,000,0001 1911 5 J-J
1,000,000 Ju ly 1 1914
gold----------------------------------/Com m onw ealth T ru st Co.. B oston, T ru stee.
Col. R R . 1st m ortgage,/ 1898 5 A O
80,000 O ct. 1 1937
$450,000, g. ($1 ,00 0 )... U n t a t W est End T ru st Co.. P hlla.. T rustee.
B onds.— The $1,500,000 new bonds of the Columbus Elec. Co. are subject
to call as a whole a t 105 A Int. $80,000 are reserved to retire a like am ount
of Columbus R R . bonds. The rem aining $370,000 Columbus R R . 1st M.
bonds are owned by th e Columbus Eleo. Co. An “ Im provem ent fund” of
2% per annum of outstanding bonds com m enced In 1905. The 3-yr. notes
are callable as a whole, b u t n o t in p art, on any in t. day on 60 d ay s’ notice
a t 101 and in t. V. 93, p. 163.
D ividends.— F irst div. on pref. stock, 3 % , was paid J a n . 1907; 3% has
been paid sem i-annually since to and including Jan . 1912.
—O perates 26.4 miles of track , of which 5 miles leased to Seaboard
Air Line. 45 cars. S tandard gauge. 40, 56 and 60-lb. rail.
E A R N IN G S.— For 12 m onths ending N ov. 30 1911, gross, $486,841;
n et, $264,346; fixed charges, $137,602; surplus, $126,744.
A ,° ^ Fi P E R S -— P res- Charles F . W allace: V .-P .. H arry H . H un t; Sec.,
Alvah K. Todd; T reas., H enry B. Saw yer; Gen. Mgrs. and T ransfer A gts..
S tone A W ebster, B oston.— V. 82, p. 509; V. 83, p. 1590; V. 93, p. 163.
(1)

C o lu m b u s P o w e r C o ,

O RG A N IZA TIO N .— Is a consolidation In March 1906 of th e Columbus
Power Co., the Coweta Power Co. and the C hattahoochee Falls Co. E ntire
com. stock and p art of the pref. Is owned by th e C olum bus Electric Co.
STOCK AND BONDS— Date. Interest. Outstanding. M aturity.
Common. $1,500,000 ($100)
$1,500,000 ......................
Pref, $1,500,000, $100, 6%1
non-cum , red a t 105.............J
350.000 ___________
1st m tge. $4,000,000. gold.i 1906 5 g A-O
1,650.000 April 1 1936
_. . T____
g uar-------------------------------cj In t. a t Coramonw. . T r. Co.,. Boston,
rustee.
Bonds.—Of the $4,000,000 authorized. $2,625,000 are reserved for
future purposes. A sinking Jund of 1% of bonds out com mences April 1
1912. Bonds subject to call as a whole (or In p art for sinking fund) a t 110
and Interest on any Interest date. Bonds are guar., p. A 1., and 8. f., by
Columbus Electric Co.
PLA N T .—Controls by ow nership or lease developed w ater pow er on
Chattahoochee River aggregating 11.500 h. p. Also owns steam plant of
3,000 b. p. In city’ of Columbus. Proposes to have an ultim ate hydraulic
developm ent of 85.000 h. p .— V. 82. p. 512.

C O L U M B U S , O H IO .
COLUMBUS RY. & LIGHT CO.—Trolley and electric tight.
O RG A N IZA TIO N .— Incorporated In Ohio on May 12 1903 and acquired
under lease tile Columbus Ry. Co. and the Columbus Edison Co. a t a rental
of guaranteed dividends at the rate of 5% per annum on the preferred stock
of the former and 6 % per annum on th e preferred stock of the latter, and 5 %
per annum on the common stock of each, the dividends on the common
of each com pany to commence Sept. 1 1903. H olders of common stock of
the two com panies were allowed to subscribe to th e stock of the uew com ­
pany to the am ount of their present holdings, 20 % to be paid In cash and
C O L O R A D O S P R IN G S , C O L .
the rem ainder subject to call, b ut not m ore th an 10% In any one year.
C O L O R A D O S P R IN G S & IN T E R U R B A N R Y .
V. 76, p. 1142. Lease was slightly am ended In Jan . 1906 (V. 82. p.
ORGANIZATION — Incorporated In Aug. 1902 as a consolidation of the Sec
160) and bonds and stock of the Columbus R y. Co. are to be taken by tne
Colorado Springs Rapid T ransit Ry. and the Colorado Springs «Ss Suburban lessee
at par In paym ent of advances m ade by the lessee for construction
R y. The consolidated com pany has Issued $1,500,000 stock, of which
Im provem ent of property. In Ju ly 1906 th e U. S. C ourt granted a
$500,000 pref. Bonds ($1,000. 5. M -S.. due Sept. 1932, Cent. T ru st Co., and
perpetual
Injunction restraining the city from enforcing an ordinance
N. Y.. trustee) a u th .. $1,500,000; Issued, $1,000,000; $500,000 reserved for
In 1904 reducing the charge for electricity. V. 83. p. 94. 323.
underlying bonds. O ther Inform ation refused—“ Is a close corporation passed
On
March
leased for 50 years th e Columbus T raction Co., which Is
and has neither stooks nor bonds on the m ark et.” F acts below relate solely the successor4 to1907
the C entral M arket S treet R y.; for term s of lease see th a t
to Me old Colorado Springs llaptd Transit R y.
com pany below.
On Sept. 14 1908 stockholders ratified lease of the Columbus Light, H eat
C olorad o S prin gs R a p id T ra n sit.
Co., after the la tte r had acquired the p roperty of th e Cclumbus
STOCK AND BONDS M iles. Date. Interest. Outstanding. M aturity A Power
Service Co.—see statem en t below. V. 87, p. 740.
Stock (par $ 1 0 0 ) ............................................................... $500,000 f.p ................... Public
Strikes.—
A strike which tied up every car line In Columbus for abo u t a
1st M., $1,000 each . . 7 \\ 1890 6 A-O
338.000
See text week was settled
on May 3 1910, on basis of an Increase of wages of 1 cent
Consol. M .$1.000 ea.l 27 1891 6 g A-O
162,000 Apr. 1 1921 an
hour. 2 cents having been dem anded. V 90, p. 1238.
for $500,000. gold J
C entral T rust Co.. N . Y ., T rustee.
On July 24 1910 a new strike began which was atten ded b y riots and
Interest Is payablo a t Chemical N ational B ank, New York C ity.
and the destruction of m any cars. This was declared oil by the
Consolidated mortgage limited to $500,000 by cancellation of $250 000 of bloodshedassociation
on O ct. 18 1910, th e com pany having won o ut. V. 91,
the bonds; $338,000 reserved for 1st m tge. F irst m tge. bonds m atured in strikers’
p. 1095.
1910 b ut were not retired, and arc held presum ably by friends of the co.
STOCK—
Date. Interest. Outstanding. Dividends.
RO A D .—Owns 38 miles of track.
I $5,000.0001
O F F IC E R S .—Pres., D. H. Rice; V .-P.. A. G. Sharp; Sec., W m . Lloyd Stock, $5,000,000 ($ 1 0 0 )...................
Q uar. 120 % paid In. \ Ju ly *10. X %
T reas.. C. S. Cham berlin.—V. 70. p. 75. 175, 328.
Notes $1,000,000 g ($1,000)1 1911 5 g J-D
600.000 Ju n e 1 1914
iruar p A 1 bv Col Rv A Lt_ (T rust Co. of N or. A m er., Phlla.. T rustee.
Notes are subJ. to call a t 101 and Int. In t. is payable a t office of E . W .
C O L U M B IA , S . 0 .
Clark A Co., Phlla. T hey are secured by deposit of 4,000 shares Col. Ry
com ., 2,000 shs. Col. E d. com . and 3,250 shs. Col. T rac. pref. V. 93, p. 345.
C O LU /M B IA R A I L W A Y . G A S & E L E C T R IC CO .
E A R N IN G S.—Of Columbus R y. A L ight Co. for cal. year 1910, gross.
O RG A N IZA TIO N .— Name changed from Columbia Electric Street
R ailw ay, Light A Power to the above on M ay 15 1911. V. 92. p. $2,396,028; net. $777,805; charges. $1,055,951; dlvs.. $112,500; deficit.
1374. is a consolidation on July l 1905 of the Columbia ' Jectrlo Street $390,646. In 1909 gross, $2,595,068; net, $1,304,935: charges, $1,044,582:
Railw ay. Light A Power Co. and the Columbia W ater Power Co. The dlvs., $112,500; su r., $147,853. Decrease in 1910 figures due to strikes
ir s t m entioned was organized In S. Car. Jan . 6 1892 and was a consolidation on com pany’s lines In th a t year.
of the Columbia Electric A Suburban Ry. Co. and the Congarec Gas A
D ividends.— First dlv. on C olum bus R y. A Light stock, 1% . w as paid
Electric Co. Acquired the Columbia & Eau Claire Electric Ry. Owns all
15 1906. and 1% w as again paid Ju ly 16 1906; In 1907. Jan . 1. 1% ;
the stock and bonds of the Colum bia Gas Light Co., which Is also leased. fan 15.
1%; and also H % O ct. 1907. In 1908, 2% ; In 1909. 2 K % . In
O perates under rights granted by S tate of So. Caro, (which owns the city July
1910,
. K % ; A pril, % % ’, Ju ly . H % \ none since. V. 91. p. 870.
streets), expiring Dec. 16 1941. Gas francM ses granted by S tate and city * P R OJan
P E R T IE S C O N TR O LLED .— The Col. R y. A Light operates 109
franchises covering all departm ents are w ithout lim it of tim e.
miles
of
track
5.6 of w h i c h Is a n e w suburban line and 12 miles in teru rb an.
STOCK AND BONDS— Date. Interest. Outstanding. M aturity Also leases Columbus
T raction lines, 16 miles. C ontrols practically all of
Com .. $2,000,000 ($ 1 0 0 )...................... ................... $2.000.000 ..................... the
electric
light,
power and hot-w ater heating business of Columbus.
Pref.. $1,000,000 6% c u m .I -----J-J
800.000 J a n .’07. 3%
O FFIC E R S.— Pres , R obert E. Sheldon; 1st V .-P ., Gen. Mgr. and Treaa..
($100)
...........................f
Stew art: 2d V .-P., C. M. Clark: Sec. and A uditor, P . V. B urlngton,
F irst m ortgage $7,500,000] 1911
5 J-.J
2,454,000 Ju ly 1 1036 E. K. Sec.
and Asst. A ud., II. M. B urlngton.— V. 87, p. 740, 1478; V. 88 •
gold ($500 A $1,000)__ c* Vint, a t com pany’s office or a t Its agency In Asst.
1436, 1499; V. 89. p. 666; V. 90, p. 303. 502, 559. 1238; V. 01. p. 870,
J N .Y . Knickerbocker T r.C o.,N .Y .,T rustee. p.
1095,
1766;
V. 02, p. 260; V. 93, p. 345.
6%
200,000 See tex t
Col. Canal Co m tge. $200,000 -----Bonds.— Of the outstanding 1st m tge. bonds of 1011, $60,000 are de­
_ ,
COLUM BUS RAILW AY CO.
posited to guar. Int. on Canal Co. 6s. Of unissued bonds, $200,000 arc
On Ja n . 11 1912 stockholders voted to Increase stock to $8,000,000 by
reserved to retire Canal Co. bonds and $4,846,000 for Im pts., additions, Issuing $500,000 each of com . and pref. to reim burse the Col. R y. A L t. Co.
acquisitions, Ac.. under certain restrictions. Bonds are subJ. to call on for additions. V. 94, p. 206; V. 93, p. 588, 44; V. 92, p. 1435.
any Int. date a t 105 and Int. On and after Ju ly 1 1912 an am ount equal to
STOCK AND BONDS— Date.
Interest. Outstanding. Last dlv. .A c .
1% of bonds o ut m ust be expended for Im pts., Ac., against which no bonds
com mon, $4,000,0001
f Dec. 1 1911
m ay thereafter be Issued, and beginning Dec. 15 1915 a further 1% for re­ Stock,
($100)
.....................................
/
____
5
Q-M
$3,500,000
1M %
tirem ent of bonds. Bee V. 93, p. 229. Columbia Canal Co. bonds m ature Stock, preferred $4,000,0001
I Feb. 1 1912
$100,000 Jan . 1 1918 and $100,000 Jan . 1 1919.
($100), 5 % cum g uar........../ ____ 5 Q -F
3.500,000)
1 Vi %
3,000,000 July 1 1932
G f t j f d d i v i d e n d on preferred stock—3% —paid July 1 1906; Col St Ry 1st. $4,000,000,] 1892 5 g J-J
Jan . 1907, 3% ; none since, all surplus being p u t Into property.
gold ---------------------------- c* / Interest a t E. W . Clark A Co., Philadelphia.
nickerbocker T rust Co. N. Y ., T rustee.
E A R N IN G S.— 12 m os. end. May 31 1911, gross, $011,440; n et, after Crosstown 1st m tge. gold, gu.lj K1893
5 g J-D
572.000 Ju ne 1 1933
taxes, $281,894; Int., $131,700; surplus, $150,194.
prln
A
In
t..........................c*
/K
n
ickerb
er T rust Co., N. Y ., T rustee.
RO A D .— O perates 23.16 miles of track, of which 1.79 miles arc leased. Col Ry 1st consol m tge, $7,-] 1899 ock
4
Q-J
3,428,000
O ct 1 1939
50 cars. Also docs all the gas, electric light and steam and hydro-clectrlc
000.000 ($1,000), gold, cM Interest a t Union Savings Bank A T rust Co.
power business in Columbia.
Bonds are redeemable after! of C incinnati. T rustee, a t E. W . Clark A
Oct 1 1914 a t 105 and lnt.J Co.. Philadelphia, or a t com pany’s office.
O FF IC E R S.— Pres, and T reas., E . W . R obertson; 1st V .-P., H enry P ar­
sons: Sco.. G. M. Berry; Gen. M gr.. Guy K. D ustin.—V. 81. p. 507, 974;
Bonds.—The Crosstown Street R y. 1st m tge. Is for $2,000,000, of which
V. 84, p. 931; V. 92. p. 1108, 1374; V. 93, p. 229; V . 94, p . 206.
$572,000 arc outstanding; the rest have been canceled. Prln. and Int.
of the Crosstown bonds were guar, by the old Columbus S t. Ry. Co.
Of the $7,000,000 m tge. of 1899 of the Columbus R y., $1,500,000 were
Issued In paym ent for the Columbus Cent. R /. property: $3,000,000 will
COLUM BU S, GA.
be held In tru st to retire the Columbus S t. R y. bonds, $572,000 to retire the
C O L U M B U S E L E C T R IC CO .
Crosstown m tge. bonds and $300,000 to take up unsecured 4% notes of the
O R G A N I Z A T I O N .— Licor-porated In Maine on Fob. 6 1903 and o w n s all
S t. Ry.; $1,628,000 was reserved to be used hereafter from tim e
the securities of the Gas Light Co. of Columbus, the entire common and Columbus
tim e In m aking extensions. Im provem ents and additions—$628,000 upon
$121,300 of the Pr®f* stock (out of $350,000) of the Columbus Power Co., to 2-3
vote of directors, the other $1,000,000 only on a vote of stockholders.
and all the stock, all the 2d M. bonds and $370,000 of the 1st M. bonds (out aThis
covers the whole $7,000,000. In the table above we rep o rt as o utstand ­
of $450,000) of the Columbus R R . Co., which com panies do the entire street
$3,428,000. This Includes $1,500,000 Issued In paym ent for the Colum­
railway and lighting and power business of Columbus .and the adjoining ing
bus
C
entral R y., $300,000 Issued under th e clause providing for the retire­
towns of Phoenix and G irard. Franchises perpetual. Tho freight lines m ent of
4% notes and $1,628,000 under the clauses concerning im provem ’ta.




38

ELECTRIC RAILWAYS

[ V O L . LX XXXIV.

STOCK AND BONDS— Date. Interest. Outstanding. M aturity.
Common, $3,025,000 ($100)...................................... $3,025,000 ......................
Preferred, $1,000,000 ($1 0 0 )............
5%
1,000,000 See t x t.
Gen and ref m tge (see te x t)\ 1906 5 g M-N
5.650,000 May 1 1926
gold ($1,000)__________ c* jln t.a t Pa.Co.for Ins.onL.A eG .A .,Phlla.,Trus.
Col Lon A; Spg 1st m tge, $1,-1 1900 5 g A-O
500,000 O ct 1 1920
500,000, gold ($1,000). .c M In t. a t N. Y. T rust Co., New Y ork, T rustee.
Day Spg A; U rb 1st m tge,) 1898 5 g M-N
750,000 Nov 1 1928
$750,000. gold ($1,000)__ /in te re st at N. Y. T rust Co.. N Y.. T rustee.
B onds.— The gen. and ref. m tge. was originally for $12,000,000 b u t au th .
am ount has been reduced to $10,000,000. Of the bonds $5,650,000 have
been Issued for purchase of present properties and Im provem ents and for
retirem ent of underlying bonds; $1,250,000 are held to retire the underlying
(1) C olum bus T raction Co.— A trolley ro ad .
liens
given In table above. The rem aining $3,100,000 are reserved for future
O R G A N IZ A T IO N — Incorporated In Ohio on Dec. 26 1006 and Is sue" betterm
ents, Im provem ents and extensions, and can only be Issued as fol­
cessor to the C entral M arket Street R y., sold under creditor’s bill In Feb lows:
when net Income is equal to 1 1-10 tim es ln t. charges on all
ruary 1006, subject to the $500,000 bonds. New com pany is leased to th e bonds,$500,000
Including
to be Issued, and $2,600,000 when net Is equal to 1 H
Columbus R y. & L t. Co. for 50 years until 1057, rental being 5% on p ref. tim es ln t. charges,those
Including ln t. on bonds to be Issued. These bonds are sub­
stock; com. stock receives 1 % on Jan . 1 and Ju ly 1 1008 and Jan . 1 100 0: ject to call In whole,
b
u t not In p art, a t 105 and Interest. The Colum­
1 hi % on July 1 1000 and Jan . 1 1010: 2% Ju ly 1 1010 and Jan . 1 1011 and bus London Ac Springfield
bonds m ay be called a t 110 and Interest. A
I n % q uarterly thereafter. The Col. R y. Ae L ight Co. owns $361,600 of sinking
on these bonds of 5% of gross earnings began w ith year ending
the prer. stock, leaving $138,400 In the treasury of T raction Co. for b etter S ept. 30f und
1906.
Sec
V.
71,
p.
The Da> . SprlngficldAs U rbana bonds are
m ents and Im provem ents, and owns all of th e com mon of this com pany. sudJ. to call a t 110 and Int. A963.
sink, fu n d of 5% of gross earns, began In 1903.
Franchise provides th a t tickets shall be sold 8 for 25 cents and th a t a 5-cent
RO
A
D
.—Columbus
to
O
rient,
Columbus
Springfield to D ay­
cash transfer be Issued to all lines entering or using the Columbus London ton, D ayton to Union City; Springfield to Limthrough
a, through Lim a to Defiance,
Aj Springfield Ry. Co. Interurb an loop.
Ohio,
a
total
of
259.28
miles.
STOCK AND BONDS— Date. Interest. Outstanding. M aturity.
O FFIC E R S.— P res., D ana Stevens; V .-Ps., D. G. Edw ards and J. B.
Com mon, $500,000 _______________ _______
$500,000 See te x t. Foraker
Jr.; Sec., W alter A. D raper; T reas., F . A. H ealy.— V. 83, p. 37,
Preferred, $500,000 _______________ ______ _
361.600 See te x t.
Cent Mar 1st m tge, $500,000,1 1902 5 g J-J
500,000 Jan 1 1923 155, 380, 626, 1098; V. 84. p. 339; V. 85, p. 600: V. 86, p. 721; V. 87, p. 37.
old ($1,000)......................c* /In terest a t N . Y. T ru st Co., N Y ., T ru stee.
(a) D a y to n &. W e ste rn T r a c tio n . —Trolley r o a d .
Bonds.—A sinking fund of 5 % of gross receipts com mences after 5 years
O RG AN IZA TIO N.— Incorporated on June 26 1898. W as leased on Ju ne
E ntire Issue Is subject to call after 5 years a t 110 and Interest.
15
1906 to Ind. Colum. Ac E ast. (V. 82, p. 1437). For term s, see below.
RO A D .— 16 m iles of track , all m city of Colum bus.— V. 84. p. 51, 333.
STOCK —
Div. Period. Outstanding . Last Dividend
Common, $900,000 ($100)________
Q-J
$747,500
Sec tex t
(2) C olum bus L ig h t, H e at & P ow er Co.
Pref,
$850,000
($100)
5%
cum
____
Q-J
850,000
See te x t
Lease.— H as been leased to C olum bus R ailw ay Ac L ight Co. for 50 years
— Lease taking effect June 15 1906 provides for 5% per annum
from 1908, w ith renew al privileges. Lease provides for 6 % on outstanding on Dividends.
stock and 5% on com. stock In 1906 and 1907, 5M % In 1908 and
bonds and preferred stock of com pany, and dividends on com mon beginning 6% pref.
thereafter.
In 1909 a t 3 % , 1910 4 % , 1911 and thereafter 5 % q uarterly. V 87, p. 547.
RO
A
D
.— D ayton, Ohio, to Richm ond, In d ., 40 miles, w ith branch from
O RG A N IZA TIO N .— Incorporated A ug. 1 1908 In O hio, and acquired New W estvllle
to New Paris, 2 M miles; to tal, 42 H miles. A t Richm ond
the property of Columbus Public Service Co. per plan In V. 87, p . 346, 547. connection
Is m ade w ith Terre H aute Ind. Ac E ast. T rac., thus m aking
STOCK AND BONDS— Date. Interest. Outstanding. M aturity. a through line
Indianapolis, via D ayton, to Columbus, a distance of
Com mon, $750,000 ($100)...........................................
$210,500
See tex t 184 miles. V. from
82, p. 1437; V. 83. p. 36. 94. 379.
Pref 6% . $1,250,000 ($100).......................................
516,300
See te x t
O
FF
IC
E
R
S.—
Pres,
and T reas., V alentine W inters; V .-P., J . H . W inters;
Gen m tge $ 1 , 0 0 0 ,0 0 0 ($100,1 1908 6 F-A
685,600 Feb 1 1924
fc. S500 and $1,000) gold_____/S ta te S av. Bk. & T r. Co., Columbus, trustee. Seo., R . R . Dlcke: Asst. Sec. and T reas.. F . A. Funkhouser. all of D ayton.
(b) Columbus N ew ark & Z a n e sv ille E lectric R y . C o . —A tr o lle y road.
Stock and Bonds.— The preferred stock Is redeem able after Jan . 1 1912.
In terest on gen. m tge. bonds Is guar, by the Columbus R y. & L t. Co.;
O RG A N IZA TIO N .— Incorporated In Ohio on July 2 1902, and In May
$750,000 bonds are to be used to take up like am ount of Col. Public Service 1904
absorbed th e Newark Ac Granville Street R y. In May 1906 acquired
Co. bonds, the greater p art navlng already been exchanged. $250,000 are the Columbus
Buckeye Lake Ac Newark Traction Co., the preferred share­
reserved for Im provem ents and extensions.— V. 87, p. 346, 547, 1481.
holders being given $500,000 In pref. stock for their holdings. Also took
over the Zancsv. R y. Light & Power Co. and w as then leased on June 23
O H IO E L E C T R IC R A IL W A Y CO.
1906 to the Indiana Colum. Ac East. Trac. Co. for length of franchise and
thereof R ental Is Interest on bonds, an am ount equal to 6% on
Incorporated M ay 1907 In O hio. On A ug. 31 1907 purchased the Lim a renewals
preferred stock and $500 for organization expenses. V. 83, p. 625.
Ac Toledo T rac. Co., which owned the line from Lim a to Toledo, and tho
leased the Lim a Elec. R y. & L t. Co., which operates In the city of Lim a, Entire com mon stock Is owned by Ohio Electric R y. Co.
and the F t. W ayne Van W ert As Lim a T rac., w ith a line from Lim a,
STOCK AND BONDS— Date. Interest. Outstanding. M aturity.
Ohio, to F t. W ayne, In d . Also acquired by lease the Indiana Col. As Common. $1,525,000 ($100)...................................... $1,525,000 ......................
E ast. T rac., which com pany assigned to lt the leases of Col. Newark Ac P f, 6% cum . $500,000 ($100)............ 6 Q-J
500,OOOJan.'12,1 H %
Zanesville Elec. R y. and D ayton As W estern T rac. On F eb. 1 1908 p ur­ 1st m tge, $2,000,000, gold! 1904 5 g M S
1.250.000 Mch 1 1924
chased the Cine. N orthern T rac. and acquired from th a t com pany Its lease
($1,000)...............................c * /In t. a t K nickerbocker T r. Co.. N . Y ., T rus.
of Cine. D ay. As Toledo T raction. On Dec. 31 1909 acquired by purchase Gen Ac ref m tge, gold, $6.-\ 1906 5 g M-N
954,000 May l 1926
th e Lim a El Ry. As L ight Co.
250.000 ($1.000).............c*/ In t. a t G irard T rust Co.. Phlla., T rustee
In 1910 created a 1st As ref. m tge. (see below), $3,657,000, of which was O B L Ac N 1st m tge. $1,500,-1 1901 5 g M-N
1,243.000 Nov 1 1921
used to retire $2,250,000 1st m tge. bonds of Lim a As Toledo Trac. and to
000, gold (51,000)...........c * /ln t. a t K nickerbocker T r. Co.. N. Y .. T rus.
purchase the Lim a Elec. R y. As L t. Co. subject to Its $1,250,000 out­ Zanesville R y, L t & Pow 1st) 1802 5 g A-O 15 750,000 Oct 15 1912
standing bonds. V. 90, p. 850.
cons m ortgage, $1,000,000 )In t. a t Cent. T r. As S. I>. Co.. Cine.. T rustee.
Including city lines In Zanesville, N ew ark, Lim a, H am ilton and other
($500, $1,000), gold------c*J or T rust Co. of A m erica, New York.
points, operating mileage Is 617.42 miles, extending from Zanesville on
R egistrar, Guardian T ru st Ac Safe Deposit Co., Zanesville, Ohio.
250,000 Jan 1 1919
th e east via Newark to Columbus (Including line from Columbus to O rient Zanesv Elec 1st m tge, $250,-1 1899 4 g F-A
000, gold, subject to call)In te re st a t International T rust Co., Boston,
and Buckeye L ake and Newark to Granville branches), thence through
Sprngfleld to D ayton, and from D ayton to Union City, w here connection Is
after 1903. $l,d00 each_.cj Trustee.
7,000 See tex t
m ade w ith Indiana Union T rac. for Muncle, A nderson and Indianapolis, Zanesville Elec L t Co coupon/ 1901 5%
Ind , and from D ayton to R ichm ond, In d ., w here connection Is m ade with
notes --------------------------- 1 Internation al T ru st Co., B oston, trustee.
T . H . I. & E . T rac. to Indianapolis. E xtending north from Springfield Bonds.— Of the $6,250,000 gen. Ac ref. bonds.$3,500,000 are reserved to re­
through U rbana and Bellefontalnc to L im a,and from Lim a to Defiance; to
prior liens and $1,796,000 for b etterm ’ts and extensions. They are sub­
Toledo, O ., and F t. W ayne. Ind .; also from D ayton to C incinnati. Including tire
to call after 5 years a t 105 and interest. U nder term s of this m tge.,
G erm antow n, M t. H ealthy and College H ill branches. E lectric light and ject
none
the $750,000 1st m tge. bonds unissued can now be Issued. The
power business Is conducted In cities of Zanesville and L im a, and steam entire ofissue
of Col. New. Ac Zanesv. 1st 5s can be called a t 110 and Int. on
heating p lan t In Lim a.
any ln t. d ate. V. 80, d . 1234. The Col. Buck. L. As New. bonds are sub­
STOCK AND BONDS— D ate. Interest. Outstanding. Dividend. ject to call on any ln t. date a t 110 and Int. on 3 m onths’ notice. Zanesville
Com m on, $12,500,000.................................................. $8,000,000 ...................... E l. L t. con. notes m ature $3,500 annually on N ov. 1.
P referred, $12,500,000.................................................
8,000,000 ......................
R O A D .— O perates about 94 miles of track from Columbus to Zanesville,
1st As ref. m tge. $15,000,0001 1910 5 g J-J
4,200.000 Jan 1 1930
the city lines In Zanesville, Newark and G ranville, and a branch
gold ($1,000)...................... cm I n t. a t Fidelity T ru st Co., Phlla., T rustee. Including
to
Buckeye Lake. S tandard gauge; 60 and 70-lb. T rail and 90-lb. girder.
Equip notes Scries “A ” $160,-1 1910 5 g J -J
136,000 See tex t
owns am usem ent park on Buckeye L ake. Owns and operates Its
000 gold ($1,000)...............c M In t. a t F idelity T ru st Co., P hlla., T rustee. Also
H ebron power plan t w ith Its own n atu ral gas.
Equip notes Series "B ” $130,-1 1911 5 g J-J
123,000 See text
IC E R S .— Pres., D ana Stevens; V .-P., J . B. Forakcr Jr.; Secretary
000 gold ($1 ,00 0 ).............c * /In t. a t Fidelity T ru st Co., P hlla., T rustee. andO TF Freas..
F . A . H ealy.— V. 83, p. 36, 213, 625, V. 86, p. 1589; V. 87, p 37.
Stock.— Preferred Is entitled to dividends of 2 % In 1908, 3 % In 1909, 4 %
In 1910 and 5% thereafter.
(3)
Lima Electric Railw ay & L ight.—A trolley road
Bonds.— $3,250,000 1st As ref. bonds are reserved to retire prior Hens
A cquired by purchase by Ohio Elec. R y. Dec. 31 1909
($1,250,000 bonds of Lim a E l. R y. & L t. Co. and $2,000,000 bonds of
O RG A N IZA TIO N .—The com pany Is a consolidation com pleted A ug. 1
F t. W ayne Van W ert & Lim a T rac. C o.), and $7,550,000 for additions, 1900
Lim a R y. (Incorporated Nov. 5 1896) and the Lim a Kleetrlo
b etterm ents. Acc. E ntire Issue Is su bj. to call on or after Jan . 1 1915 on Light ofAs the
Power Co. Capital stock was Increased In Sept. 1905 from $850,­
any ln t. d ay a t 105 and Int. on 60 days’ notice. No sinking fund. Series 000 to $1,250,000.
V. 81. p. 1100. Was leased Ju ly 1 1905 to the Lim a Ao
“A ” equip, notes m ature $8,000 sem l-ann. com mencing Jan . 1 1911. Toledo T raction, which
lease was assigned to Ohio Elec. R y. Aug. 311907.
Series “ B’T equip, notes are 1st m tge. on 26 cars. They m ature sem l-ann.
STOCK
AND
BONDS.—
Date. Interest. Outstanding. M aturity.
($7,000 J a n . 1 and $6,000 Ju ly 1) from Jan . 1 1912 to Ju ly 1 1921, Incl.
S to c k ,$5,000 ($100)...........................................................
$5,000 ......................
N otes are guar., p. Ac 1., by end. of Ohio Elec. R y.
Lim
a
R
y
1st
m
tge
$200,000)
1896 5 g J-D
115,000 Dec 1 1916
E A R N IN G S.— For cal. year 1910 gross from railw ay, $3,055,742; light
gold ($500).......... ............... c * fln t. a t Citizens’ Sav. Ac T r. Co., Cleveland,
and pow er, $229,815; m lsc., $21,578; total gross, $3,307,135. In 1909,
T rustee: also a t F ourth N at. B k., N. Y.
gross from railw ay, $2,737,876; light and power, $203,127; m lso., $22,243; Lim a Elec L t As Power gold)/ 1900
5 g J-D
30,000 Ju ne 1 1917
to tal gross, $2,963,246,
1st
M
$85,000
($
l,0
0
0
)..c
*
/ln
t.
T rust Co., Cleve., T rustee.
O FF IC E R S.— P res., W . K esley Schoepf; V .-P ., D ana Stevens; V .-P ., Lima Elec R y Ac Lt gold 1 stf 1900a t Clove.
5 g J-J
260.000 Ju ly 1 1916
J . B. Forakcr Jr.; Seo. and T rcas., F . A. H caly; A sst. Sec. and T reas., Denis con m tge $500,000 ($500) cM In t. at Cleve. T r. Co., Cleve., 'iru stee . or
J . Downing; Gen. M gr., B . J . Jones.—V. 86, p. 338; V. 87, p. 38; V. 90,
l S tandard T rust Co., New York.
p. 698, 850; V. 92, p. 323, 1500; V. 93. p . 230, 1534.
2d Consol m tge, $850,000) 1902 5 g A-O
350,000 April l 1925
gold ($1.000).................... c #iI n t. a t Fidelity T r. Co., Buffalo. T rustee.
(1) C olum bus In te ru rb a n T erm in al Co.
Lima
Elec
R
y
A:
L
t
R
efund’g)
1905
5
g
VI-S
495.000
Sept 1 1925
E ntire stock owned by Ohio Elec. R y ., which guar, bonds.
m tge $1,250 000 gold_____/ ln t. a t G irard T rust Co., P hlla., Pa.
O R G A N IZA TIO N .— Incorp. In Ohio on M ay 24 1910 to build an Inter­ B onds.— Ol the first con. m tge. gold 6s, $200,000 are reserved to retire
urb an railw ay statio n for Ohio Elec. R y. lines.
the above two prior Hens. Tho Lim a Ry. bonds m ay be called a t par
STOCK AND BONDS— Date. Interest. Outstanding. M aturity on 4 weeks’ notice and the Lim a Elcc. Light Ac Pow er bonds m ay be
Stock $10,000 ($100).........................................................
$1,000 __________ called on any Interest day on 30 days’ notice. Of the $850,000 2d consols,
F irst m tge $1,000,000 gold) 1910 5 g J-D
408.000 Juno 1 1935 $500,000 are reserved to retire a like am ount of first consols rhese bonds
($500) guar p As I............ _c*jTnt. a t CIt. T r. & S av. B k., Columbus, T ru st are a lien on the electric light and heating p lan t, as well as on the railw ay.
O FF IC E R S.— P res., D ana Stevens; V .-P ., J . B. Forakcr Jr.; Seo. Ac Cannot be called before m atu rity . See V. 75, p. 79.
RO A D .—Owns 12 miles of track , also a steam -heating plant (franchise
T reas., F . A . H caly.— V. 92, p. 1564; V. 93, p. 1532, 1599.
perpetual, operated In connection w ith the clcctrlc-llghtlng plan t). Con­
(2) The Indiana Columbus & E astern T raction Co.—A trolley road.
trac t ordinance for city lighting expires April 1919.
Leased to the Ohio Electric R y. Aug. 31 1907. L atter com pany guaran­
O FF IC E R S.— P res., D ana Stevens; V .-P ., J . B. Foraker J r ., Cincinnati;
tees Int est on bonds and 5% dlvs. on pref. stock, and owns entire com. stk. Sec.
and T reas., F . A . H ealy, C incinnati.— V. 81, p. 155, 1100.
O RG A N IZA TIO N .— Incorporated In Ohio on A pril 14 1906 and has ac­
(4) F ort W ayne Van W ert & Lima Traction Co.— A trolley road.
quired the D ayton Springfield & U rbana Elec. R y., the Columbus London
As Springfield R y ., the Columbus Grove City Ae Southw estern R y., the
O RG A N IZA TIO N .—On Mch. 1 1906 was leased, until expiration of fran­
U rbana Bellefontalne As N orthern R y ., the Springfield As W estern R y., the chises
renewals thereof, to Lim a As Toledo T raction Co., which guaran­
D ayton Ac N orthern T raction Co., and about 12 miles of tho D ayton As teed theandbonds,
p. As 1. V. 82, p. 691. Lease was assigned to Ohio Elec. R y.
Muncle Traction Co., extending from Greenville to Union C ity, on the Aug. 31 1907. Tho
com pany owns all the com. stock. Incorporated
Indlana-O hlo State line. H as also acquired the Columbus As Lake Michigan In Indiana and Ohio.latterRoad
Is entirely on private right of w ay, except In
R R ., operating between Lim a and Defiance; electricity for passenger, steam tow ns, where lt has 25 or 50-year
franchises.
.
for freight service.
Interest Outstanding. M aturity.
STOCK
AND
BONDS.—
Leases the D ayton & W estern ’Fraction Co. and the Columbus Newark As Common $1,000,000 ($100).. Date.
....................................$1,000,000 .........................
Zanesville Elec. R y., which la tte r com pany had previously absorbed the
$1,000,000 5 % n c ($100)......................................... 1,000,000 ......................
Columbus Buckeye Lake As N ewark T raction Co. and the Zanesville R y. Light Pref
1,470,000 Ju ly 11930
m ortgage $2,000,000 gold) 1905 5 g J-J
Ac Pow er Co. These leases were assigned to the Ohio Elec. R y. Aug. 31 1907 1stguaranteed
($1,000)------o*j In t. a t Fidelity T r. Co. P hlla., Trustee.
The new general and refunding m ortgage bonds were listed on the Phila­
Bonds.—
Of
the
$2,000.000
bonds,
$530,000
are
reserved
for extensions
delphia Stock Exchange In F ebruary 1907. V. 84, p. 339. See description
of bonds, property, Acc., In V. 83, p. 37.
and Im provem ents. V .8 2 ,p .6 9 1 . Are n ot subject to call.
Franchises.—C ircuit C ourt a t Columbus, O .. on June 25 1003 handed
down a decision sustaining the claim of th e Columbus R y. to perpetual
franchise rights on certain streets V. 77, p. 35.
COLUM BUS ED ISO N CO.
STOCK AND BONDS— Date. Interest. OutstandinQ. M aturity
$750,000
See text
Common ($100) $750,000 ................... 5 Q-M
Pref 6% curn ($100) $750,000............ 0 Q-J
750,000
See tex t
Col Klee 1st m tge. gold, g u a r . ------ 6 g M-N 450,000 Nov 1 1022
Col Ed El 1st m tge, gold, g uar............ 5 g A-O 300,000 A pril 1 1920
Bonds.— Both underlying liens are guaranteed by Columbus Edison Co.




JAN.. 1912.]

RO A D .— 64 miles of track from F t. W ayne via New H aven, M onroeville,
Convoy, Van W ert, M lddlcpolnt; Delphos and Ellda to Lim a. Commenced
com plete operation Nov. 15 1905. Connects a t F t. W ayne w ith the F t.
W ayne A N or. Ind . Trao. and a t Lim a w ith the Ohio Elec. R y., and forms
p art of through line from F t. W ayne to Toledo and to Springfield, D ayton
and Columbus. S tandard gauge, 70-lb. T rail.
O FF IC E R S.— Pres., D ana Stevens; V .-P., J . B. Foraker Jr.; Soo. and
T reas.. F . A. H ealy.— V. 82, p. 001, 804; V. 83, p. 37.
(5) C incinnati D ayton & Toledo T raction Co.— Trolley road .
Leased to the Ohio E lectric R y. Co.; see term s below.
O RG A N IZA TIO N .— Incorporated In Ohio on M ay 19 1902, and Is a con­
solidation of the Southern Ohio T raction Co., th e Cincinnati A N o rth ­
w estern R y., the M lam lsburg A G erm antow n T raction Co. and the H am il­
ton A Llndenwald Elec. T rans. Co. V. 74, p. 884, 1037. Franchises are
for 25 and 50 years. An Issue of $250,000 preferred stock was m ade In
April 1905 to take up floating d eb t. V. 80. p. 1302, 1478, 1728.
Lease.— W as leased to the Cincinnati N orthern T raction Co. M ay 1 1905
for length of franchise and renewals thereof. Lease transferred to Ohio
Elco. R y. Co. Feb. 1 1908. The lessee Is to pay all fixed charges. In­
cluding Interest on the $1,500,000 bonds, and In addition It agrees to
pay $25,000 the first year. $37,500 the second year, $50,000 the third
year, $50,000 the fourth year, $02,500 the fifth year, $75,000 th e sixth year,
$87,500 the seventh year, $100,000 the eighth year, and an additional
$12,500 per year when the annual gross earnings of the lessee from operation
shall am ount to $1,200,000, and Increasing a t the rate of $12,500 per year
w ith each $100,000 of Increase In gross earnings, u ntil th e am ount to be paid
Is $ 2 0 0 ,0 0 0 ; also $2,000 per annum for organization and office expenses
STOCK AND BONDS— D ate. Interest. Outstanding. M aturity.
Com m on, $5,000,000 ( $ 1 0 0 ) .............
J-J $5,000,000 See tex t.
250,000 See tex t
P ref., $250,000,5 % c u ra ($ 1 0 0 )------ „ J -J
OIn. D ay. A Tol. 1st cons.] 1902 5 g J-J
2,700,000 July 1 1922
M .,$5,000,000,g.($l ,0 0 0 ) c * /In t. a t Cleveland T ru st Co., T rustee.
S outhern Ohio T rac. 1st cons.
.
$2,000,000 ($ 1 ,0 0 0 )gold, c* 1900 5 g M-N
1,350,000 May 1 20
Interest a t Clev. T rust Co., T rustee, or a t S tandard T ru st Co., N . Y.
OIn.A H am .E lec.lst g.($500)] 1898 f lg J A J
400,000 Ju ly 11918
$500,000, not sub. to c a ll./I n t. a t C lt.S av .A T r. Co., Cleve., T rustee.
D ayton T raction 1st M .,] 1890 5 g J-J
250,000 Ju ly 1 1910
g. ($1,000). Int. guar_.c*j In t. a t Finance Co. of P en n ., P hlla., T rustee.
H am A Llndenw ald Elect]
•T ra n . 1st M. s.f. $250,000 g f 1901 5 g J-D
250,000 Ju ly 11922
($ 1 ,0 0 0 ); Int. g u a r........... c*J In terest a t Cleveland T ru st Co., T rustee.
Mlam. A Germ. 1st, g u ar.,] 1001 5 g J-D
50,000 Ju ly 1922
($50,000) g. ($1,000)_ c* jInterest a t C incinnati T ru st Co., T rustee.
Bonds.— None of the Issues are subject to call. Of the $5,000,000 Cln.
D ay. A Tol. T rac. Issue, $2,300,000 Is reserved to retire prior liens. See
V. 81, p. 154.
Of the $2,000,000 So. Ohio T raction bonds, $050,000 are reserved to
retlro Cln. A Ilara. Electric bonds and D ayton T raction bonds. Issue
listed on Philadelphia Stock Exchange.
T he H am . A L ind. Elec. T ran , and M lamlsb. A Germ , bonds originally
fell duo Dec. 1 1911, b u t arrangem ents wore m ade a t th a t tim e to extend
them to Ju ly 1 1922. V. 93, p. 1380, 1387.
D ividends.— 5 % per annum Is paid on the pref. stock. On com m on divi­
dends are being paid In accordance w ith terras of lease.
R O A D .— Owns 83.93 miles of track (Including second track and sidings),
connecting C incinnati w ith D ayton, including the G erm antow n, M t. H ealthy
and College Hill branches; also Including the H am ilton City lines. Road
betw een H am ilton and D ayton Is being reconstructed on p rivate righ t of way
— V. 81, p. 154
COLUMBUS DELAW ARE & M ARION RY.— A holding com pany.
Receivership.— Receivers appointed by opposing courts have been con­
tending for possession of the property, b u t Ell W est (who was appointed by
F ranklin C ounty Court) has been In actual charge, while Geo. W hysall
(appointed by M arlon C ounty Court) representing th e W ebb-W alkcr faction,
has n o t been In control a t any tim e. V. 89, p. 847; V. 93, p. 102. In t. on
first refunding bonds duo A ug. 1911 is In default, b u t will bo paid by Feb. 1
1912. In t. due Feb. I 1911 was paid Aug. 1 1911. V. 93, p. 280.
In Nov. 1909 bondholders’ com m ittee, w ith S tate Sav. Bank A T r. Co.,
Colum bus, as depositary, was form ed to protect Col. D elaw are A Marlon
R y. 1st ref. m tgo.; Col. Del. A M ar. Elec. R R . 1st m tge.; Col. N o r.R y .,
Power A Equip. 1st m tge. and M arlon R y., L ight A Pow er 1st m tge.,
which bonds are to bo deposited. V. 89, p. 1347.
Foreclosure.— On Dec. 2 1911 Judge B abst directed receiver W hysall (who
is seeking to get control aw ay from Receiver W est) to advertise and sell the
pro p erty . V. 93, p. 407, 1599.
O RG A N IZA TIO N .— Incorporated In Ohio In O ct. 1904 and owns the
entire capital stocks of the Columbus Delaware A M arlon Elect. R R . ($1,000­
000) the Marlon R y., L ight A Pow er Co ($300,000) and the Columbus
N orthern R y., Pow er A E quipm ent Co. ($300,000).
STOCK AND BONDS— Date. Interest. Outstanding. M aturity.
C om m on, $2,100,000 ($100)............................................$2,100,000 .........................
Pref. "A ” 0% cum . $500,000 — ------ --------------- ------------- ----------------Pref. "B ” 1-6% cum $400.000...................................... ............................................
1st ref m tge. $2,500,000.] 1904 5 g F-A
920,000 Aug. 1 1944
gold ($500 A $ l,0 0 0 )-.c * jln t. a t M ercantile T r. Co., N. Y ., T rustee.
Stock.—The pref. “ A ” and pref. ” B” shares were created In 1908 (V. 80,
p. 1284), and dividends on both are cum ulative, b ut those on the “ B”
oharcs arc entitled to only 1% the first year, with an additional 1% for each
year thereafter until 0% Is reached.
Bonds.— Of the new ref. m tgo. $1.580,000 are reserved to retire the bonds
of the Col. No. R y. P. A E. Co., th e Marlon R y., L t. A I*. Co. and the C. D.
A M. Elec. RR.
E A R N IN G S.— For year end. June 30 1911, gross, $385,345; n et, $161,­
905; in t., taxes, Ac., $157,002; surplus, $4,303. For year end. A ug. 0
1910, gross, $359,137; net, $152,752; in t., taxes, A c., $148,409; surplus,
$4,283.
O FFIC E R S.— Aud. for R ecelv., A . F . Elkins; Pres., John G. W ebb;
V .-P ., O. M. Gotschall: Sec., H enry B. H ane; T reas., N. J . Catrow; S upt..
J . II. L ahrm cr.— V. 89. p. 348, 528, 592, 847, 1347, 1541; V. 90. p. 372:
V. 91, p. 330; V. 92, p. 322, 1242; V. 93, p. 102, 280, 407, 1599.
(1) Columbus Delaware & Marion Electric RR.
In t. duo M ay 1 1911 was paid N ov. 1 1911. In t. duo N ov. 1 1911 not
paid.
O RG AN IZA TIO N.— Incorporated In 1901.
BONDS—
Date. Interest. Outstanding. M aturity.
1st *^ortg., $1,000,000, goldf 1901 5 g M-N $1,000,000 May 1 1021
($1,000) ............................. c+j In t. a t Cleveland T r. Co., Cleveland,
(T rustee, or N at. B ank of Cora. In N. Y.
Bonds.— See V. 75, p. 70.
RO A D .— O perates an electric railw ay over p rivate righ t of w ay from
Columbus to M arlon, passing through F ranklin, Delaware and Marlon
countlos. Also 4 miles In the City of D elaware, a to tal of 57 miles. V. 80,
p . 117; V. 91. p . 945; V. 03, p. 1190.
(2) Columbus N orthern R y. Pow er & E quipm ent Co.
O RG A N IZA TIO N .— Incorporated In Ohio on O ct. 24 1904 to erect a
pow er house a t Delaware and sub-stations to supply electricity for power
and heat. Receiver of Col. Del. A Marlon Ry. was authorized to borrow
m oney to pay interest due S ept. 1 1909. V . 89, p. 592. Interest slnco
th en has been paid.
BONDS—
Date.
Interest. Outstanding. M aturity.
1 st m ortgage, $300,000 gold] 1904
5 g M-S
$270,000 S ept. 1 1934
($ 1 , 000 ) ...............................c jIn t. a t S tandard T ru st Co., N . Y .. T rustee.
(3) M arion Railw ay Light & Pow er Co,
O RG A N IZA TIO N .— Incorporated In Ohio on Ju ne 24 1903 and Is a con
solldatlon of the Marlon Street Railw ay Co. and th e M arlon Electric L ight
A Power Co. Jan . 1912 Interest was paid.
BONDS—
J?£!£r Interest. Outstanding. M aturity.
1st m ortg.. gold ($l,000).c* /1904 5 g J-J
$300,000 Ju ly 1 1924
l in t, a t S tandard T rust Co., N . Y .. T rustee.
Bonds.— No sinking fund and bonds cannot be called.
RO A D .—6 miles of track In M arlon S tandard gauge. 00 and 80-lb.
call.




39

ELECTRIC RAILWAYS
C O L U M B U S M A R IO N & B U C Y R U S R A I L R O A D X O .

R e c e i v e r s h i p .— On Sept. 9 1909 Gfco. W hysall of Marlon and E . M. W e
(who was succeeded by F . E . G uthery) of Columbus were appointed re
cel vers. D efaulted on Interest due Sept. 1 1909. V. 89, p. 060. O n
Dec. 3 1909 receivers filed an application to Issue $65,000 receivers’ certifi­
cates for equip, and com pleting road. V. 89, p. 1541. $20,000 have been
Issued, of which $6,000 have been retired.
On Deo. 31 1910 shareholders, w ith view to lifting receivership, voted to
Increase capital stock b y an issue of $100,000 pref. stock. V. 91, p. 1574.
1029; V. 92, p. 59.
O RG A N IZA TIO N .— Incorporated In Ohio on Ju ly 29 1905 to build from
M arlon to B ucyrus, O hio, 18 miles. P u t In operation in Ju ly 1908. 60-lb.
T rail.
STOCK AND BONDS— Date. Interest. Outstanding. M aturity.
Common $500,000 .......... ....... _ _ _______
$500,000 ___________
Preferred $100.000.................
_ . ...............
None ......................
First m ortgage $500,000 ($1,-] 1905 5 g M-S
500,000 Sept 1 1935
000) gold — .................- .c* j Interest at Cincinnati T ru st Co., T rustee.
Receivers' certificates.......... ..............................................
14,000 A pr.8 1912
BONDS.— Sinking fund of $5,000 per annum begins Sept. 1 1910. G uar­
anteed. prln. and Int., by endorsem ent, by Columbus D elaw are A M arlon
Ry. C annot be called.
E A R N IN G S.— F or calendar year 1911, gross, $54,417; n et, $18,552;
bond in t., $25,000 (not paid); taxes, $1,256; in t. on receiver’s certs., Ac.,
$2,129; deficit, $9,833.
O FF IC E R S.— P res.. J . G. W ebb; V .-P. Geo. H . Holzbog; See.. H . B .
Hane; T reas., J . S. W ebb.— V. 89, p. 666, 1541; V. 91. p. 1574, 1629;
V. 92, p. 59.
__
M A R IO N & W E S T E R N R A I L W A Y ^ L I G H T & P O W E R CO .

D efault.— It Is understood Interest is In default since S ept. 1906. U p to
Ja n . 1912 no receiver had been appointed, and It was understood a t th a t
tim e th a t the S tate would annul charter on account of failure to perform .
O RG A N IZA TIO N .— Incorporated In Ohio on Sept. 20 1900 to purchase
the Prospect E lectric L ight Co. and to build from Prospect to RIchwood,
Ohio, 7 miles. Road Is under construction.
STOCK AND BONDS— D a t e . I n t e r e s t . O u t s t a n d i n g . M a t u r i t y .
stock $ 20 0 ,0 0 0 ........................................
...............
$ 2 0 0 ,0 0 0 ......................
1st m ortgage $200,000 gold) 1900
5 g A-O
200.000
1936
($500) ..................................... jln te est a t C incinnati T ru st Co., T rustee.
Bonds.—Subject to call a fte r 1912 a t 110. Sinking fund of $5,000 per
annum afte r 1912.
O FF IC E R S.—P res.. N . J . Catrow; V .-P ., J. G. W ebb; T reas., G. H .
Holzbog; Sec., J . S. W ebb.
_______
M A R IO N & S U B U R B A N R A I L W A Y C O .

Receivership.— In t. due O ct. 1 1909 Is In default. In F eb. 1910 Geo. W hy­
sall was appointed receiver.
O RG A N IZA TIO N .— Incorporated In Ohio S ept. 25 1900 to build the
necessary extensions of trackage to the local M arlon City lines dem anded
by the city of M arlon. 1 X miles com pleted, none In operation; no w ork Is
being done.
STOCK AND BONDS— D a t e . I n t e r e s t . O u t s t a n d i n g . M a t u r i t y .
Stock $250,000................................................................
$250,000 ....................First m ortgage $250,000 gold] 1906 5 g A -0
250,000
1930
($500) .......................... ........... /In te rest a t Cincinnati T ru st Co., T rustee.
Bonds.—Subject to call after 1912 a t 110. Sinking fund of $5,000 per
annum a fte r 1912.
. ,
O FF IC E R S.— P res., Geo. H . Holzbog; V .-P ., J . G. W ebb; T reas., N . J .
C a tro w ; Sec., H . B. H ane.
COLUM BUS
tro lle y r o a d .

NEW ALBANY

&

JO H N S T O W N

T R A C T IO N

C O .— A

T he proposed acquisition of this com pany b y th e new Columbus M t. V er­
non A Mansfield T rac. Co. fell through in May 1911. V. 92, p. 1498.
O R G A N IZA TIO N .—Incorporated In Ohio on May 4 1899. In M ay 19 05
canceled old m ortgage for $200,000 and m ade the new m ortgage In table
below. V. 80, p. 2399. F r a n c h i s e s are for 25 years.
STOCK AND BONDS— DD aattee.. IInntteerreesstt.. OO uu ttssttaa nn dd i n g ., M a t u r i t y .
$354,000
Com ., $400,000 ($100) ......................
—
Pref. (6% cum .), $ 2 0 0 .0 0 0 ]____
200.000
....................
g J-J
440,000
1st m tge., $450,000 goldf 1905 5______
___
($500 and $1,000)______ <In t. a t Columbus Sav. A T ru st Co., T rustee,
l or Its agency In New Y ork.
R E P O R T .— F or cal. year 1910, gross, $56,014; n et, $27,490; taxes,
rentals, Ao., $17,683; surplus, $9,807.
RO A D .— O perates 8.8 miles of track from Columbus to G ahanna, Includ­
ing perpetual lease of 2 X miles of tracks of th e Columbus R y. as term inal:
gauge, 5 ft. 2 in.; 65-lb. T rail.— V. 82, p. 1211; V. 91, p. 1160, 1629;
V. 92, p. 1032, 1498.
SCIOTO V A L L E Y T R A C T IO N CO .— T h ir d rail.

O R G A N IZA TIO N .— Incorporated In Ohio, w ith a perpetual charter. In
1904. B uilt on private right of w ay. F r a n c h i s e s extend beyond m aturity
of 1st m tge. bonds. In 1908 canceled $2,000,000 m tge. of 1903 and m ade
new m tge. for $4,000,000, which see below. Stockholders voted Sept 22
1908 authorizing $500,000 new 5% f i r s t preferred stock, which ranks
ahead of old preferred stock (V. 87, p. 481 and 015).
STOCK AND BONDS— D a te . I n t e r e s t . O u t s t a n d i n g . M a t u r i t y .
...............$1,800,000 ........................
Cora., $1,800,000 ($100)......................
Q-J
300,000 J a n '12. 1 X
1st pref, $500,000, 5% c u m . . -----Q -J
1,200,000 J a n *12. I X
Pref., $1,200,000 5% c u m .] -----($ 1 0 0 )...................................... J
_ $4,000,000, __________
1,600,000 Sept 1 1923
1st_____
mtg,*
gold) 1908 5_____
M-S
($1 ,00 0 )........................ ...... c* JIn t. a t H arris T r. A Sav. B k., C hic.,Trustee.
B o n d s . —The rem aining $2,400,000 of 1st m tge. bonds can only be Issued
for 75% of cash expenditures, and for perm anent extensions and additions
to property, and only when net earnings are twice the Interest charge on
outstanding bonds and those to be Issued. Bonds have a s i n k i n g f u n d of
1% per annum on bonds o ut 1913 to 1917, thereafter 2% per annum .
T hey are not subject to call. See particulars, bonds, property, Ac., In
V. 87, p. 679.
D i v i d e n d s . — D ividends on old Issue of pref. stock were to accrue from
O ct. 1 1905, but am ounts due Jan . 1 1906 and A pril 1 1906 were relinquished
by shareholders, and 1st dlv. (1K % ) was paid Ju ly 1906 and 1 X % O ct.
1906. V. 82, p. 1440. 1907 to 1911, Inclusive, 5% per annum . In 1912.
Ja n ., 1 H % .
EA R N IN G S.— F or 12 m onths ending Ju ne 30 1911, gross, $438,109; net,
$185,552; Int. A taxes. $90,253; dlvs., $75,000; surplus, $20,299.
R O A D .—O perates 72 miles of track from Colum bus to L ancaster and
from Columbus to Chllllcothe. Is operated by third-rail system . S tandard
gauge. 70-lb. T rail. W ithin city lim its of Columbus com pany operates over
tracks of Columbus R ailw ay A Light Co. under operating agreem ent.
O FF IC E R S.— Pres, and M gr., F rank A . Davis; VIee-Prcs. and T reas.,
Edw in R . Sharp: S u p t., C. S kinner.— V. 81. p. 32. 778, 1551, 1661; V. 82,
p. 101, 1158, 1440: V. 87, p. 481. 015, 679; V. 91. p. 871.
CONCORD, N . H .
CONCORD STREET R A ILW A Y .—A trolley road extending from the
central w ards of Concord to Penacook. Comprises 12.71 miles of track .
In June 1901 control passed to the Boston A M aine R R ., and In 1903 the
New H am pshire Legislature authorized th e Concord A M ontreal R R .,
which Is leased to th e Boston A Maine, to purchase th e property aud to
Issue stock and bonds to pay therefor.
C O R N IN G , N . Y .
C O R N IN O & P A IN T E D PO ST S T R E E T R Y .— A trolley road.
O RG A N IZA TIO N .— Incorporated Dec. 11 1894. Com menced N ov. 1
1895. Control changed hands In 1904. V. 80. p. 182.
STOCK AND BONDS— D a t e . I n t e r e s t . O u t s t a n d i n g . M a t u r i t y .
Stock. *100,000 (*100)..................................................
*100.000 1905-06.4%
1st m ortgage, *100,000..........1 1806
5 J-J
100,000 Jan 1 1916
I
Interest a t Beacon T rust Co., Boston.
EA R N IN G S.— F or year ending Ju n e 30 1911, gross, *60,326: n et.
*21,876; other Income. *187; Interest, taxes, Ac., *17,579; surplus, *4,484.
RO A D .—Owns 5.9 miles of track , from Corning to P ainted P ost, 14 ears.
O F F IC E R S .—Pres., J . L . G reatslngcr, Brooklyn, N. Y.: V .-P ., Craig
G raves, New Y ork: Sec., K . V. D ougherty, New Y ork: T reas.. B. A .
Van Tasscll J r.. N . Y.; C om pt., Chas. McCloud, N . Y .— V. 80. p. 162.

40

ELECTRIC RAILWAYS

CORTLAND, N. Y .
O RG A N IZA TIO N .— Is a reorganization on Ju ne 22 1001 of the C ortland
A H om er T raction, sold a t foreclosure on April 23 1901. In Ju ne 1905 a b ­
sorbed the C ortland A H om er Electric Co., previously controlled. F u r­
nishes 184 arc lights to the cities of H om er and C ortland and also light to
the public. Carries coal and freight as well as passengers. In M ay 1907
was granted perm ission to Increase the capital stock from 3320,000 to 31.
000,000 and to m ake a new 1st and refunding m ortgage of 32,000,000 for
the purpose of retiring all outstanding Indebtedness and for extensions
and equip.
STOCK AND BONDS— Date. Interest. Outstanding. M aturity.
S tk ., com m on. 3320,000 (3 1 0 0 )...............................
3320,000 _____ _____
f 1901 4 g A-O
180,000 April 1 1920
F irst m ortgage, 3180,000 (County Sav. Bk. A T r. Co., Scranton. Pa.,Tr.
(3500) gold--------------------c* | Interest a t com pany’s office. No sinking fd.
[ Can be called on 6 m onths' notice.
New m ortgage, 3500.000, gl 1905 5 g F-A
320,000 Aug 1 1835
(3500 and 3 1 .0 0 0 )--------- cj Interest a t Em pire T ru st C o.. N. Y .. T rustee.
1st A ref m tge $2.000,000___/ 1907
5 J-D
105,000 Ju ne 1 1957
lin t, a t T ru st Co. of A m er., N. Y ., trustee.
Bonds.— Of the 3500,000 Issue of 1905, 3180,000 are reserved to retire
prior Hens. They are subject to call after Aug. 1 1910 a t 105.
R O A D .— O perates 15.92 miles of track betw een C ortland, H om er, L ittle
York and Preble, and between C ortland and McGrawvllle; 33 cars.
EA R N IN G S.— For fiscal year ending Ju ne 30 1911, gross, railw ay.
383,422; net, railw ay, $24,692; net, from other sources. $18,190; total net
Income. $42,882: charges, Ac.. $37,908; surplus, $4,974.
O FF IC E R S.— P res., D. W . V an Hoesen: V .-P ., E dw . fl. Brewer; S ec.,
G. H . Garrison; Treas. and Gen. M gr., Edw in D uffey.— V. 81, p. 507.
C O R T L A N D C O U N T Y T R A C T IO N .— T r o lle y .

C O V IN G T O N , K Y .
C IN C IN N A T I N E W P O R T & C O V IN O T O N L I G H T & T R A C T IO N C O .—
A trolley road.
Lease.— W as leased from A pril 1 1907 to th e Colum bia Gas A Electric Co.
(Incorporated In Ohio) for 45 years. The lessee guarantees Interest on
bonds and 4/4 % per annum on preferred stock. On common dividends arc
to be 3 % for first year. Increasing /4 % each year until 6 % Is reached, which
Is to be the rate thereafter. See V. 84. p. 449, 930; also term s In V. 84,
p. 1489, under Columbia Gas A Electric.
O R G A N IZA TIO N .— Incorporated under the laws of New Jersey on
March 11 1902 and purchased all the stock of the U nion Light, H eat A
Power Co. of Covington and of the Cincinnati N ew port A Covington Railway.
V. 74, p. 576. The latter was organized In 1892 to buy up and consolidate
all the roads on the K entucky side of the river opposite Cincinnati.
The C incinnati Covington A Erlanger Street R y. (providing for an exten
slon to Erlanger, 7 H miles). Incorporated Sept. 1899 with 3250,000 stock
(shares, 350), Is controlled and Is being built out of proceeds of sale of the
pref. stock of the new com pany. A bout 3 miles have been com pleted.
STOCK AND BONDS— Date. Interest. Outstanding. M aturity
Cora. $5 ,0 0 0 ,0 0 0 (3 1 0 0 )..--------------Q-J
$5,000,000 J a n .15*12,1 /£
Pref, 4 /4 % non-cum , 35,-1
000.000 (3100)......................../ ____ 4 /4 Q -J 4 ,5 0 0 ,0 0 0 J a n .l 5 ’ t 2 . 1 H
Underlying Bonds—
So Cov A Cln 1st m ortgage 1 1882
6 M-S
250,000 M arch 1912
(31,000)-------------- ------------/
W . A. G oodm an, T rustee.
2d consol m tge, $500,000, gl 1892 6 g J-J
150.000 Jan 1 1932
(3500—31,0 00 )............ ........./Covington Sav. Bk. A T r Co., T rustee.
Newp A Day St Ry 1st M----- 1887
6 F-A
100,000 Aug 1 1917
Cincinnati Newport & Covington—
1st consol m tge, gold. 33,-1 1892 5 g J-J
$2,500,000 Ju ly 1 1922
000,000 (31,000)..........c^A r/F arm ers’ Loan A T rust Co. of N. Y ., T rustee
2d m ortgage 51,000,000, g,l 1896 5 g J-.J
600.000 July 11922
(31.000
eaoh)_......................c/F
arm ers’ Loan A T rust Co.. N. Y. T rustee.
Union LU/iU.
Heat A Power Co.—
4
1st m t^e, 32,000,000, g o ld lln t. a t N at. Bank of C om merce, N. Y.; F irst
(3100, 3500 and 31,000)cArI N ational Bank, C incinnati, or a t G erm an
_ „
I N ational Bank Covington.
Bellevue W ater F A G L Co.l ------ 6 g J D
100.000 Dec 1 1912
m tge. 3100.000 (31.0 0 0 ).c* (ln t. at Germ an N at. B ank. Covington. Ky
Bonds.— Of the first consolidated bonds of 1892 of the C. N. A C. R y..
$500,000 are deposited w ith the trustee to retire all the underlying m ortgage
bonds. The perpetual charters of constituent com panies are kept alive,
and their capital stocks are deposited with the trustee as collateral for the
first consols. Interest on those bonds Is payable at the N ational Bank of
Com merce. New York, First N ational Bank. C incinnati, and Germ an Na
tlonal B ank. C ovington. The (’nlon Light H eat A Power Co. bonds can be
called a t 110 and Interest. Of these, $500,000 are available for Im prove­
m ents, additions or purchase of other com panies a t par for actual cost.
D IV ID E N D S .— On preferred 4 ^ % Is being paid. On com mon stock
first dividend of H % was paid Ju ly 15 1907 and H % O ct. 15 19«7. In
1908, 3 /4% ; In 1909. 3 H % : In 1910, 4 >4%; In 1911, 4 /4 % ; In 1912, Ja n .,
1 /4% .
R O A D .— Connects C incinnati, N ew port, C ovington, D ayton, Bellevue,
Ludlow, Brom ley and F ort Thom as. T otal In operation, 60 miles; laid
w ith 80 lb. Johnston girder and 72 lb. " T ” rails.
O F F IC E R S .— Pres., Jam es C. E rnst; V .-P ., Jam es M. H utton; Sec.,
and T reas.. George M. A bbott.— V. 83, p. 1228; V. 84, p. 449, 930, 1366,
1488; V. 88, p. 824; V. 92, p. 1313.____

V O L . LX X X X IV ,

D ividends.— On present 2d pref. (form erly "p ref.” ). In 1905, 2 /4% ; In
1906, 5% ; In 1907, A pril, 2 /4 % ; none to O ct. 1909, when 2% was paid;
1910, A pril, none; O ct., 1% . In 1911, A pril, 2% ; O ct., 3% .
E A R N IN G S.— For 12 m os. end. N ov. 30 1911, gross, $1,618,656; n et,
$610,540; in t. A taxes, $289,114; sk. fd., $36,165; surplus, $285,261.
R O A D .— Owns and operates 60.7 miles of track In the city of Dallas and
suburbs. R ails, 45 to 91 lbs. 164 cars. S tandard gauge.
O FF IC E R S.— P res., M arshall M . Phlnney; V .-Ps., R obert T . Paine 2d.
an d E dw ard Byrnes; T reas., H enry B . Sawyer; Sec., Clem ent R . Ford
Stone A W ebster, B oston, M anagers and Transfer A gents.— V. 89 d . 41
224. 778; V. 91, p. 945; V. 98, p. 871.
T E X A S T R A C T IO N C O .— A tr o lle y r o a d .

O R G A N IZA TIO N .— Incorp. In Texas on S ept. 25 1906. Franchises ex­
pire In 1956 on streets and highways; rest of road built on private right of
way.
On A pr. 16 1911 the Texas T rac. Co. acquired all th e properties of the
Denison A Sherm an R y. Co., consisting of an Intcrurban railw ay betw een
Sherm an and Denison and city lines In both those cities. V. 92, p. 463.
STOCK AND BONDS— Date. Interest. Outstanding. M a tu rity.
Common $ 2 ,0 0 0 ,0 0 0 ($ 10 0 ) ................. ................... 52,000,000 ......................
Pref $1,000,000 6 % cum ($1 0 0 )........ ................... 1 .0 0 0 .0 0 0 N ov.'11, 1 Z4
First m tge sinking fund 33,-/ 1907
5 g J-J 2,000,000 Ja n . 1 1937
000,000 (31,000) g — c * A rjIn t. a t Old Colony T rust Co.. Boston, T ru st.
2d m tge, $500,000 ($ 1 ,0 0 0 )... 1911 8%
400,000 A pr 1 1916
Den A Shcr first m tge, $350,-f 1902 5 J-J
275,000 Ju ly 1 1927
000 ($1,000)............ ...........c* Illinois T r. A Sav. B k., Chic., A W . II. H cn1 kle, T rus. In t. a t IIarrls.ForbesA C o.,N .Y .
Den A Sher 2d m tg $185,0001 1911 6%
185,000 April 1 1916
($1,000)................................. _ /In t. a t H arris T ru st A Sav. B k., Chic., T rus.
B onds.— Of the 33,000,000 Texas T rac. 1st M. $1,000,000 Is reserved for
future Im pts. and extensions. Bonds can be called a t 110 and accrued
Interest on any interest d ate upon 30 d ay s’ notice. A sinking fund of 5 %
of gross earnings, beginning Ju ly 1 1912, to be used In the purchase of bonds.
T ex. T rac. 2d m tge. bonds can be called on any Int. day a t par and Int.
Den. A Sher. 1st m tge. bonds are sub. to call on Ju ly 1 1917, or after, a t 105
and Int. A sink. fd . began Ju ly 1 1905 of 2% per ann. of bonds out until
1913, when am ount payable Is 3% per ann. until 1917; from 1918 to 1922,
lncl., 4% per ann; 1923 to 1926, Incl., 5% per ann.
D ividends.— Initial dlv. on pref.— 1 /4% — paid M ch. 15 1911; Ju ly , 1>4;
N ov., 1 /4% .
EA R N IN G S.— For year ending S ept. 30 1911, gross, $538,861; n et, after
taxes, $207,484; Interest. $118,899; surplus, $88,585.
R O A D .—O perates an intcrurban line between Dallas and Denison, 76
miles; also city lines In Denison, Sherm an and M cK inney. E nters Dallas
over tracks of Dallas Electric S treet R y.
O FF IC E R S.— Pres., J . F . Strickland; V .-Ps., J . S. H eard, W . R .
Brents: V .-P. A T reas., Osce Goodwin; See., Jas. P. Griffin; Gen. M gr.;
R. B. S tlchter. Office, 1316 Commerce S t., D allas,T exas.—V .84, p. 627*
V. 87, p . 98; V. 88, p. 824; V. 92, p. 463, 1567; V. 03, p. 1192, 1535.
SOUTHERN TRACTION CO.
O RG A N IZA TIO N .— A t nrcsent (Jan. 1 1012) Is an association which It
Is proposed to Incorporate a t a later date. Will build a line from Dallas to
W aco, with branch from Ferris to Ennis and Corsicana. It is contem plated
th at the Waco Street R y. (see under Waco) will be taken over as soon as
com pany Is Incorporated. In Nov. 1911 subscriptions were being received
a t $85 per $100 share for 7% (cum . from 1 year after road Is In operation)
pref. stock; paym ents to be m ade 10% on dem and, 30 days after construc­
tion has com menced, rem ainder In 10% installm ents as called a t least 30
days a p a rt. V. 93, p. 1464.
O FF IC E R S.— Pres., J . F . Strickland; T reas.. T . A. Ferris; See., Jas. P .
Griffin.— V. 92, p. 1566; V. 93, p. 46. 164, 230, 1464.
g M-N
1,500.000 May 11918
D A N BU RY , CONN.
D A N B U R Y & B E T H E L ST R E E T R Y .
O R G A N IZA TIO N .—Incorporated May 7 1886 under the laws of Con­
necticut. Has a perpetual special charter, the only street car com pany
serving the city of D anbury and town of Bethel. Its lines also extend to
th e D anbury Fair Grounds and the pleasure resort of Lake Kenosla. In
May 1903 the S tate Legislature authorized an Increase of $300,000 of capital
stock to provide for extensions.
STOCK AND BONDS— Date. Interest. Outstanding. Last dlv , AcStock $623,000 (par $25)......................
J-J
$320,000 J a n .’1 2 .2 %
200,000 May 11914
F irst m tge 5200.000 gold.......... 1894 5 g M-N
CoF.s.
o
L
rat5e..*
300l00°
K°Id/
1006
5
g
M-N
100,000
MayT rustee.
11936
(5500 and 31,000)-------------lin t. a t A m erican T rust Co..
Boston,
DC" •
.
$75.non • . oh 1 1918
(S I.000 anil $500)...............o /In t. a t City N at. Bank of D anbury.
D ebenture bonds $150,000 . . . l o ll ..............
75,000
1921
Bonds.—Of the $.100,000 consol, mortkftkc, $200,000 Is reserved to retire
the 5s due 1914. The 1908 debs, are red. a t t05 an any Int. date after due
notice.
of
1908. Of the 1911 debs., $75,000 are reserved for like am ount of debs,
D ividends— In 1896-97. 4% ; In 1897-98, 4% ; In 1898-99. 2% ; In 1899­
1900 1 /4 %: In 1900-01, 1/4% : In 1901-02, 3% ; In 1902-03, 3% ; In
1903-04, 1 >4%; 1907 to 1911, Incl.. 4% annually; in 1912, Ja n ., 2% .
ROA D.— Trolley road In D anbury, and from D anbury t■> Bethel, and to
Lake Kenosla, 15.031 miles In all: sldlmrs, A 1.044 miles; to tal,
16.075 miles. 42 passenger and 7 other cars. S tandard gauge.
R E P O R T .— For year ending June 30:
Gross.
N et.
In t. A T ates. D lvs. Balance.
1910-11................... $140,428
$43,175
$30,117
$12.H 00sur. $228
1009-10 ................... 136,010
37,216
27.022
12,800 dcf. 2,606
O FF IC E R S.— Pres., A rthur E . Tweedy; V .-P., D r. E . A . S tratto n ;
Sec. and T reas., M . H . Grlfflng.— V. 83. p. 36; V. 86, p. 1150.

CUM BERLAND, M D.
CUM BERLAND & W ESTERNPORT ELECTRIC R Y .—A trolley road
I
d 1909 control was purchased by II. L. D oherty & Co.of New Y ork.
V. 89, p. 1410.
* 9 R*G£
I ZiVn 0 N - ~as0 successor
r Kan,zcd ,nto M
on April
11 1902,
byberland
special
Act
of theN.Legislature,
thearyland
Frostburg
E ckhart
A Cum
Ry. H as absorbed the Lonaconlng M idland A Frostburg R y. and the
VVesternport A Lonaconlng.
STOCK AND BONDS— Date. Interest. Outstanding. M aturity.
Stock $6 1 5,000 ($50)_______ ______ __________ $625,000
D A V E N P O R T , IO W A
W esternport A L o n aco n ln g ... 1903 J-J 15
225.000 Ja>u Y5"l928
IO W A A IL L IN O IS R Y .— A tro lle y road
Frost Eck A Cum b first m tge/ 1901 5 g J-D 15
230,000 June 15 ’26
ORG
AN
IZA
TIO
N.
—
Incorporated In Iowa In Septem ber 1901. Is an
$250,000 g($500A31,000)c*l In t. a t Real E state T rust Co.. Phlla.. T ru st. electric road, w ith a steam
charter Franchises expire In 1951.
Lonac Mid A Frost first ratgef 1901 5 g J-D 15
200,000 June 15 *26
STOCK
AND
BONDS—
Date. Interest. Outstanding. M aturity.
3200,000 gold (31.000)._c*l In t. a t Real E state T ru st Co. Phlla., T rust.Common. $1,500,000 (3100).............
$1,500,000 ___________
M orrlsonLandCo lstM $12,000g 1903 F-A 15
7,800 Aug 15 1 9 1 3 Pref. 5800,000, 6 % n-c ( $ 1 0 0 )......... ..............
..............
554,200 ....................C ertain of the above Issues can be called a t 105.
1st m tge, $2 000.000, gold! 1904 5 g J-J
1,050 000 Jan 1 1924
($1.000).............................. c*J Interest at Girard T rust Co Phlla.. T rustee.
E
A
R
N
IN
G
S.—
For
12
m
onths
ending
Ju
ly
31
1911,
gross,
$152,600'
net.
after taxes, 556,617.
Bonds.—Of the 32,000,000 authorized, $500,000 are reserved for acquir­
RO A D .— O perates 25 miles of track between C um berland, Eckhari;. ing steam or other railways and $450,000 to provide for steam railw ay te r­
minals and equipm ent a t 80% of cost. No sinking fund, b ut subject to call
Frostburg, Lonaconlng and W esternport; 60, 75 and 92-lb T and girder on
any Interest d ate a t 105 and Interest. See V. 82, p. 100, 160.
rail: standard gauge.
E A R N IN G S.— For calendar year 1910, gross, 3162.577; In 1909, gross,
O F F IC E R S .— Pres., Ferdinand W illiam s; V .-P ., J . S. B rophy; Sec and 3144,749;
In 1908. gross, $135,073: In 1907, gross, $132,849.
T reas., D. P . H artzell.— V. 89, p. 1410.
ROAD. Operates 36 4 miles of track between D avenport and Clinton
on private right of way. 70-lb. T rail. S tandard gauge. Has trafflo
D ALLA S, TEX A S.
agreem ent for transferring passengers to Rock Island and Moline. III.
O FF IC E R S.— Pres., G arrett E. Lamb; V .-P. and Asst. T reas., Frank W
DALLAS ELECTRIC CO RPO RAT ION.—Trolley.
Ellis; 2d V -P .. H enry Thuenen Jr.; Sec., R. B MeOov; T reas., C. B. Mills.
. O R G A N IZA TIO N .— Incorporated In New Jersey In 1902. Does an Asst.
L . L am b, E . A. Miller and E . A. Schultz: Gen. M gr., P . Pelectric railway and electric lighting business In Dallas by virtue of the C rafts,Secs.,
C linton. Iowa; A ud., F . A. P erkins.— V.8 0 ,p. 1058; V .8 2 ,p .l0 0 . 160.
ow nersm p of securities of certain local com panies Franchises of sub•ldlary com panies expire In 1922. See V. 84. p. 157. Shareholders In
TRI-CITY RAILW AY A LIGHT CO.— (See M a p , page 41.)
•J i 92? a u tfi°r,zed an Issue of 32.000.000 first pref. stock and It was THE
O RG AN IZA TIO N.— Incorporated In C onnecticut Mar 31 1906 and owns
?? on
of 10 shares ot first pref.and 4 shares of com mon for $925.
the
entire
capital stock (except directors’ shares) of the People’s Pow er C o.,
vsee* %?•
P
a
224‘
.
For
decision
on
occupation
tax
on
Dallas
street
railw
ays,
V. 89, p. 41.
the People’s Light Co., the D avenoort Gas A Electric Co., the Trl-CIty R y .
and the Moline E. Moline A W atertow n R y. Co. All stock and bonds
STOCK AND BONDS— Date. Interest. Outstanding. M aturity. Co.
(with the exception of 554,000 bonds given below) have been deposited
Common
) ..........................
additional security for the new m ortgage. Controls all gas plants, eleoF irst nref53.000.000
$2,000,000 ($6%10 0cum
.
" " $2,870,000 . ............. as
trlc lighting com panies and street railw ay lines In the contiguous cities of
(3100).......................................... ...........
A-O
2 ,0 0 0 ,0 0 0 O ct’11. 3 %
D
avenport,
Iow a, Rock Island, Moline and E ast Moline, III. P opulation
2d pf 52,000,000 5% n-c ($ 1 0 0 )____
A-O
2,000,000 O c t’l l , 3% served, approxim
ately 100,000. Hallway franchises extend to 1930 and
F lrstco llat trust m tge $4,000,/ 1902 5 g A-O
3.659,000 April 1 1922 1935; electric franchises
until 1935 and 1943, and gas franchises to 1929
000. gold (5100, 51,000).c* i In t. a t Old Colony T r.C o ., Boston, T rustee. and
1935.
Stock and Bonds.— First pref. Is redeem able on and after O ct. 1 1912 a t
M
ER
G
ER
OF
SU
B
S
ID
IA R IE S .— In 1907 the Trl-CIty R y. Co. and the
105 and accum ulated dlvs. Sinking fu n d 1% per annum of outstanding
Suburban R y. Co were consolidated, the Trl-CIty Railw ay
bonds, 5291.000, were held In sinking fund on Alav 1 1911. Bonds can be D avenport ItsA stock
from $1,500,000 to $2,500,000. In order to take over
called as a whole on any Interest d ate a t 105 and Interest. $25,000 of the Increasing
the D avenport A Suburban line. V. 85, p. 161. The TrI City R y, again
bonds are in denom ination of $100, rest being 51.000 each.
Increased Its stock from 32,500,000 to 33,000,000 in Dec. 1008.




O rp h a n s

*

= Momt

O A K D A LE

CAMPBELL'!
ISLAND l

Locua

]H o s p lta l

m

Lh- t o /

m

.B E T T E N D O R F

'2 iQ o a = a ;
ROCK

E L E C T R IC R A IL W A Y S

JScheutten%£},
Park^i

'R i v e r s i d e

C ity L im its .

C h ip p ia n t

J A N ., 1 9 1 2 .J

.S E A R T O W




iOEL_

ISLAND

VANDRUFF’S
W
ISLAND A

S y ste m o f
T R I-C IT Y R A I L W A Y C O M P A N Y
( D A V E N P O R T , l a . , R O C K IS IiA S T D
- a n d M O L I N E , 1 11.
a n d V ic in ity
D avenport, Iow a, Ja n u a ry , 1011.
S C A L E O F M IL E S

T ri'C ity R ailw ay C om p an y T racks
L ines to b e B uilt In I9II-I9I2,.____

42

ELECTRIC RAILWAYS

[V O L . LXXXXIV,

STOCK AND BONDS—
Date. Interest. Outstanding. M aturity
STOCK AND BONDS— Date. Interest. Outstanding. M aturity.
Common, 59,000,000 (5100)...................................... 59.000,000 ...................... Stook.
5407,500 ......................
(5100)....................................... ..
P ref,33.000,000,6 % cu m (5 1 0 0 )------ 6 Q -J
2.826.200 Jan . T 2 , 1 X 1st ret. $1,500.000
m tge. 51.500,000 gold/1007 5 g J-D
520,500 Ju n e 1 1037
Coll tru st 1st Hen, m tgo, 59,-1 1906 5 g A-O
8,207,000 April 1 1923
(S500
and
51.000)--------c
&
r\In
te
rest
In
Chicago
or
Louisville, K y.
000,000 8 f g o ld ----------c A r/ln t. a t N . Y. T rust Co., N . Y ., T rustee. D eK .-S .E l. IstM . 5175,000 g .f 1002 5 g J-D
175,000
Deo 11022
1st & ref. m tgo., 520,000,000,1 1910 5 g J-J
1,956,000 Ju ly 11930
(51,000); n o ts u b j. to e a ll.o /
gold (51,000)----------- o*A r*JInt. a t C entral T rust Co., N . Y ., trustee.
B onds.— Of 1st ret. bonds of 1007, 5175,000 are reserved for prior liens
N otes, 51,000,000 gold______ 1909
6%
750,000 See text
T hey are subj. to call on Juno 1 1012 or an y
Tri-C ity R y ................................................
5
54,000 Sept 1 1922 and 527,500 arc In treas.
T rustee; A mor. T ru st & Savings H ank.
Stock.— Preferred stock Is redeem able a t 120. See V. 82 p. 1213. Listed jn t.E Ad RateN INth Gereafter.
S.— F or cal. year 1010, gross. 5131,006; not, after taxes. 545,­
on M ontreal and T oronto Stock Exchanges.
Bonds.— Of th e 59,000,000 coll. tr. bonds, 5200,000 have been retired by 321; In t., 528,065; surplus, 517.256.
sink. fd. A re su bj. to call on any Int. date a t 105 and Int. A s in k ./d . pro­ RO A D .— Owns 7>i miles of track betw een De K alb and Sycam ore.
vides for th e redem ption of 52,250,000 bonds by m atu rity . Coupon bonds 60-lb. T rails. S tan d ard gauge.
are In denom ination of 51,000 and registered bonds in 51,000, 55,000 or O FF IC E R S.— Pres., C. K . Allnary; V .-P. & T reas., L . W . B otts; Gen.
5 1 0 , 0 0 0 . T hey are listed on N . Y. Stock E xch. T he 31,000,000 gold notes M gr., A ttllla N orm an.
m atu re M ch. 1 1912. Of the 1st A ref. bonds, 510,281,000 are reserved for
p rio r liens, 57,608,000 for 85% of cost of additions and Im provem ents, and
5155,000 are In treasury. Subject to call a t 105 and Int. on any Int. d ate on
90
ay s’p . notice.
D E L A W A R E , O H IO ,
V. d93,
1465. Sinking fund of 1 H % of bonds o u t begins F eb. 1 1924
C O L U M B U S M A G N E T IC S P R IN G S & N O R T H E R N I R Y .
D ividends.— F irst dlv. on p ref., 1>$% , p aid Ju ly 1906, and 1 X % quar
O R G A N IZA TIO N .— Incorporated In Ohio on O ct. 15 1906, and is a
since to and Including Ja n . 1912.
of the Delaware A M agnetic Springs R y. and th e RIchwood
LA TEST E A R N IN G S.— F or 12 m onths ending S ept. 30 1911, gross consolidation
net, after taxes, 51.114,406; In t., 5495,499; surplus, 5618,907 A M agentlc Springs R y. P rivate right of w ay except In C ity of RIchwood.
E A R N IN G S.— F or 12 m onths ending Deo. 31:
STOCK AND BONDS— Date. Interest. Outstanding. M a tu rity.
Year—
Gross. Net aft.Taxes. FixedChgs. S ink.F d . D ividends. Surplus Common, 3200,000 ( 3 1 0 0 ) ................... ..............
5130.000 ___________
1910------ 52,513.487 51.031.519 5481,408 550,000 5169,572 3330,539 Pref, 6 % n-c, 5200,000...............................................
100,000 ___________
1909------- 2,039.488 898.580
472,388 50,000 169,572 206,620 CMSAN 1st M, 5400,000,goldl 1906 5 g M-N
250,000 N ov 11931
RO A D .— O perates over 93 miles of standard-gauge track , connecting
(51,000), cannot be c alled .[in terest a t Colonial T rust Co., P ittsb u rg h ,
the cities of D avenport, Iow a, and Rock Island, Moline and E ast Moline,
and no sinking f u n d ___c*J T rustee.
111.; 80-lb. girder and 60 to 75-lb. T -rall. A n extension to M uscatine,
E A R N IN G S.— F or year end. Ju n e 30 1911, gross, 522,313; n et, afte r
Iow a, 30 miles, Is under construction.
O F F IC E R S .— Pres., J . F. P orter, D avenport; V .-P ., Geo. D. M ackay, taxes,A51,477.
D .— O perates 18 miles of track from Delaware to M agnetic Springs
New Y ork; V lce.-Pres.. II. R . T obey, New York; Sec., M. K . Parker, andR ORIchwood.
T reas., T . W M ollat. O perated under m anagem ent of J . G. W h ite * Co.,
O FF IC E R S.—P res., W . M. G albraith; P itts.; V .-P. aud T reas., C.
Incorporated, New Y ork.— V. 88, p. 1124, 1129; V. 89. p. 780, 919; V. 90 M agee
J r ., P itts.; Sec., Chas. J . Fifer, RIchwood, O .— V. 83, p. 1228, 1409.
P. 1041; V. 91, p. 338, 590, 1448; V. 92. p. 882. 952, 1465.
D A Y T O N , O H IO .
O RG A N IZA TIO N .—C hartered May 12 1893. Is a consolidation of the
D ayton Street R R ., th e D ayton & Soldiers’ Hom e R R ., the F ifth Street
R R . and the Green line. Franchises run for 50 years from Feb. 8 1892
and April 19 1893.
In A pril 1911 paid a special dlv. of 39.09 1-11 per share on com . stock
applicable a t option of holder to purchase of additional com . stock. V. 92,
p. 1178.
STOCK AND BONDS— Date. Interest. Outstanding. M aturity.
Common, 32.400,000 (5100)...............
Q-J 52,400,000 O c t.*11,1
Preferred, 5600,000 (3100)................. 6 Q -J
600.000 O c t.’l l , I X %
Bond Issues have been paid off.
D IV ID E N D S .— 6% per annum Is being paid on preferred. On common.
In 1900, 6% ; In 1901, 6% ; In 1902, 6% ; In 1903. 6% ; also 16 2-3% (5250,000
In new stock a t p ar or In cash) declared N ov. 1903), paid Jan . 1 1904: In
1904, 6% ; In 1905, 6 )^% ; 1906 to 1910 Incl., 7% per annum ; In F eb. 1907
paid a sp eclal dlv. of 5% (V. 83, p. 1590); In 1911, J a n ., 1 X % ; A pr., 1 U %
and special dlv. of 59.09 1-11% (see above); July, \y x % \ O ct., 1 & % .
EA R N IN G S — F or cal. year 1910, gross, 5633,565; In 1909, gross. 3575.­
822; in 1908, gross, 5538,788; 1907, gross, 5589,413.
R O A D .—Controls and operates In all 37 miles of track, nam ely: Third
S treet Line, Fifth S treet Line, Green Line, K am m er A vc. Line and D ayton
& Soldier’s Hom e Line. Gauge, 4 ft. 8 H In.; rails 70 and 80-lb. T and
70 and 90-lb. girder; operating 42 G. E . 67 and 50 G. E . 800 m otor equip­
m ents; 100 m otor cars, 10 trailer cars and 3 sprinklers.
O FF IC E R S.— P res., E . D. Grimes; 1st V .-P., C. B . Clegg; 2d V .-P.,
E . J . B arney; Sec., J . II. L ytle; Gen. S up t. and P urch. A gt., T . E . Howell.
Office, W estern and A uburn A venues, D ayton.— V. 83, p. 1590; V. 92,
p. 1178, 1564.
C I T Y R A I L W A Y C O — A tr o lle y r o a d .

D A Y T O N C O V IN G T O N

&

P IQ U A T R A C T IO N .— A tr o lle y r o a d .

O RG A N IZA TIO N .—This was form erly known as the D ayton A Troy
T raction, b ut nam e changed to the above In Aug. 1901. The D. A T .
T raction was Incorporated In Ohio in Ja n . 1900 to build a street railway
from D ayton to T roy, but route w as changed, and road constructed from
D ayton to Covington and PIqua, about 38 miles. C om pany acquired the
rig h t to use th e tracks of the People’s R y. In entering city of D ayton.
STOCK AND BONDS— Date. Interest. Outstanding. M aturity
Stock au th , 3600.000 (3100)......................................
36 0 0 ,0 0 0 .....................
P ref 5% n-c, 5550,000 ( 5 1 0 0 ) . ...............................
550,000 ......................
1st m ortgage, 5550.000 gold! 1902 5 g A -0
450,000 April 1 1922
(31.000)------------------------c * |In t. a t Old Colony T r. Co., Boston, T rustee.
2d m ortgage, 360,000............................. 6 g M-S
60,000 Sept 1 1919
Bonds.— 3100,000 1st m tgo. bonds are reserved for extensions and Im­
provem ents; 2d m tge. bonds are subject to call on any Interest d ate a t 105.
EA R N IN G S.— F or year ending June 30 1911, gross, 5133,201; net,
545,389. In 1909-10, gross, 5118.203; net, 541,292.
RO A D .— T otal track 38 miles. S tan d ard gauge. 70-lb. T , 80 and 90lb. girder rails. 10 passenger cars, 2 express cars and 5 other cars.
O FF IC E R S.— P res., D . Dwyer; V .-P. and Gen. M gr., Thos. T . Robinson;
S u p t., T . J . B rennan.— V. 77, p . 146.
D A Y T O N & T R O Y E L E C T R IC R Y .— A trolley road.
O R G A N IZA TIO N .— Incorporated In 1900. Is built entirely on private
right of w ay. Com pleted in Dec. 1901. Ralls 70-lb. T . Pow er house
located at Tippecanoe C ity, Ohio. Stock, 3500.000 (3100) com m on, and
5500.000 (5100) pref.; cum . 5% . In Ja n . 1912 Increased a u th . stock to
31.300.000. V. 94, p . 123. No bonds contem plated. In M ay 1902
took over Miami Valley R y. under 99-year lease a t a rental of 59,600 per an­
num , which Is applicable to stock of 3300,000, m tge. having been canceled.
D ividends.—On the preferred stock 5% per annum Is being paid. On
com ., Jan . 1 1904, 2% ; In 1905, 6% ; In 1906, 6% ; In 1907, 2% , In 1908.
none; Lin 1909, 5% ; in 1910, 6% ; In 1911, M ch., 1 X % \ June, 1>*% ; Sept.
lH%lDec., 1X%.
E A R N IN G S.— For cal. year 1910, gross, 5282,029; n et, 3110,615; de­
ductions, 330,374; divs., 555,000; surplus. 325,241. In 1909, gross, 5205.­
679; n et. 391,252.
v '
R O A D .— Owns and operates 32 X miles of track ( 10X miles double. 10 H
miles single, 1 mile sidings) betw een D ayton and T roy. Leases the Miami
V alley R v ., extending from T roy to PIqua and com prising 12.91 miles of
track . T otal track , 45.16 miles.
O FF IC E R S.— Pres., H . P . Clegg; V .-P ., Chas. B. Clegg; Sec., L . C.
Clegg; T reas. and Gen. M gr., R . A. Crume; A ud., F . Sprague. General
Office, D ayton, O.— V . 76, p. 653, 751, 1029; V. 94, p. 123.
•
D A Y T O N S P R I N G F I E L D & X E N IA S O U T H E R N R Y — Trolley.
O RG A N IZA TIO N .— Incorporated In 1909 as successor to the D ayton A
X e n ia T ran sit Co., sold a t foreclosure. Stock, a u th . and outstanding
5200.000 com . and 5300,000 pref. P ar 3100. 1st M. a u th . and Issued,
3500.000. Earnings for year ending Ju ne 30 1911, gross, 5149,383; n et.
537,877; Int. A taxes, 533,334; su rp ., 54,513.
R O A D .— Owns and operates 40.47 m iles of track from D ayton to X enia
and from D ayton to Spring V alley. Pres., C. J . Fernedlng; V .-P., T . A.
Fernedlng; Sec. A T reas., H . L . Fernedlng, all of D ayton. V. 89, p. 285.
O A K V V O O D S T R E E T R Y . C O — A tro lle y r o a d .

O R G A N IZA TIO N .— Incorporated Ju ly 22 1870 In Ohio. Franchise ex­
pires 1941. In O ct. 1909 the Ohio Suprem o C ourt held the franchise valid
over th e objections of the City Solicitor. Stock authorized and outstand ­
ing, 3500,000 (par 3100). No bonds. O perates 8 miles of track In
D ayton and suburbs. S tandard gauge. Pres, and T reas., Charles B.
C legg, D ayton; Gen. M gr., H enry G ebhart, D ayton.
D E K A L B , IL L IN O IS .
D e K A L B S Y C A M O R E S IN T E R U R B AN T R A C T IO N CO .— A trolloy road.
O RG A N IZA TIO N .— Incorp. la Illinois on Juno 25 1000. In F eb. 1007
acquired the DoKalb-Sycam ore Elco.
' Co. Supplies electricity to Do Kalb
and Sycam ore.




D EN V E R , COL.
J T H E D E N V E R & N O R T H W E S T E R N R Y .— A n e le ctr ic r o a d .

O RG A N IZA TIO N .— Incorporated In Colorado In Juno 1901. C urrent
Is furnished by D enver T ram w ay Pow er Co. Franchise in D enver runs for
50 years; In Golden for 99 years; upon and across county roads is p erpetual.
R em ainder (com prising m ain mileage) Is over p rivate right of way.
In May 1902 purchased stock of D enver City T ram w ay Co. Sec V. 74;
p. 1038. This stock has been deposited as collateral under the new m tgo.
STOCK AND BONDS— Date. Interest. Outstanding. M aturity.
Stock 56,000.000 (3100)...................
Q-J 10 56,000,000 J a n .’12,2%
F irst and collateral m ortgage) 1902 5 g M-N
6,000,000 May 1 1932
36,000,000 (5500 a n d )Interest a t M ercantile T rust Co., New York*
fold
1 ,0 0 0 )-------------------------c*j T rustee; also office of coraoany In D enver.
Bonds.— Can be called on any Interest day a t 105 and Interest upon 90
days’ notice. On Aug. 1 1907 whole Issue was called for paym ent N ov. 1
1907, b u t, the panic Intervening, the notice was rescinded.
E A R N IN G S.— Of com bined system for years ending Deo. 31:
S ink.F u nd *Fixed
Gross.
N et.
Pow.Bds. Charges. Surplus.
1910______
33,595,158 51,735,907 550,000 31.015.000 5670,073
1909............................... 3,374,133 1,695,299 50,000 941,940 703,359
1908_______________ 3,152,568 1,637,326 40,086 900,549 696,691
• Fixed charges Include taxes and franchise paym ents.
D ividends.— Prior to Ju ly 1909 dividends were a t rate of 6% per annum .
In Ju ly 1909 q uar. dlv. was Increased to 2% and sam e am ount has been paid
q uarterly since to and Including Ja n . 1912.
R O A D .—O perates 26.28 miles of track through form er tow n of B erke­
ley (now p art of City of D enver), northw esterly through A rvada to coal­
m ining tow n of Leyden, Including branch from A rvada to Golden. G auge,
3-ft. 6 In. 75 and 80-lb. T rail. 102 cars, of which 5 are m otor freight,
91 gondola, flat and dum p freight cars, rem ainder miscellaneous.
O F F IC E R S .— Pres., S. M. Perry; 1st V .-P., W. G. Evans; 2d V .-P. an d
Gen. S u p t., Jo hn A. Beeler; Sec. and T reas., F. G. Moflat; A ud ., W . A.
D oty.— V. 74, p. 1037; V. 85, p. 40, 1143; V . 90, p. 167.
(1) D enver City T ram w ay Co.— (See M ap on Page 43.)— Electric.
In M ay 1902 D enver A N orthw est R y. obtained control, exchanging Its
securities for D enver City T ram w ay stock. See V. 74, p. 1038.
O RG A N IZA TIO N .—C hartered In Colorado In Ja n . 1899 for 50 years.
Comprises th e entire street railw ay system of D enver. Is owner by
purchase and consolidation, of following com panies, form erly operating
In and abo u t Denver: The D enver Electric A Cable R y., the D enver T ram ­
w ay Co., the South D enver Cable R y., the D enver T ram w ay E xtension
Co., the D enver C onsolidated T ram w ay Co., the M etropolitan R y., th e
D enver City Cable R y ., the W est E nd S treet R R ., the D enver City T rac­
tion Co. and the Colfax Electric R y. Also owns catlre stock of D enver
T ram w ay Pow er Co. and D enver T ram w ay Term inals Co.
Franchises.— The general franchises under which The D enver City T ram ­
way Co operates Its lines w ithin the City of D enver are: a franchise auth o r­
izing It to build, operate and m aintain cable and electric railw ays, g ranted
Feb. 5 1885, covering all Its present lines w ithin the city—substantially
180 miles. This franchise Is w ithout tim e lim it, provides for 5-cent fares,
for paving, Ac. Also operates under a 20-ycar g ran t, voted by the tax ­
paying electors of the city In May 1906, which authorizes It to m aintain
three-rail tracks, gauges 3 ft. 6 In. and 4 ft. 8 ^ In. over all Its present lines
w ithin th e city, and perm its the construction of certain viaducts and exten­
sions. See decision In V. 84, p. 220.
STOOK AND BONDS— Date. Interest. Outstanding. M aturity.
Stock 520,000,000 (5100).................................................. $5,000,000 In 1908, 6%
D enver Consol T ram w ay cons J 1893 5 g A-O
1.167,000 O ct 11933
m tge, 54,000,000. gold------1 I n t .a t M erc.Tr. C o .,N .Y .,T r. A in Dcnvor.
Purchase m oney m tgo gold! 1899 5 g A-O
2,000,000 April 1 1919
32,000,000(51.000 A $500)c*lInterest a t C entral T rust Co., N . Y ., T rustco.
1st A ref m tge, $25,000,000 g \ 1908 5 M-N
5,070,000 N ov 11933
(5500 «$: 31.000)slnk fd ._ cM In t. a t Merc. T r. Co., N . Y ., T r. A In Denver.
D env R eal.Co coll tr notes gul 1911 5 H A-O
700,000 O ct 11913
5750,000 ($500 A $l,000)g.cj Interest in Denver, Chicago or N . Y.
Bonds.—The m ortgage of 1899 Is a flrst lien on the D enver City and
W est E nd properties and a lien on the D enver Consolidated T ram w ay
Junior to Its existing m ortgages, to rem ain outstanding and bo assum ed.
A bstract of D enver Consolidated Tram w ays consolidated m ortgage of
1893. V. 52, p. 354. Of the flrst and refunding bonds of 1908, $10,­
911,800 arc reserved for prior liens (Including the D enver T ram w ay
Power bonds and the D enver A N orthw estern bonds) and the rem aining
59,018,200 for additions and Improvem ents a t 85% of actual cost, no
more th an 5350,000 to be Issued In any one year until the 56,000,000
bonds of D enver A N . W .have been retired,and thereafter only under cer­
tain restrictions. See V. 88. p. 882; V. 90. p. 109; V. 92, p. 186. B onds
are callable as a whole b u t not In p art, except for sink, fd., a t 105 and Int.
on any Int day after 1913 up to N ov. 1 1923; thereafter a t 102 X and In t.
on 60 days’ notice. Sinking fund of 1% of bonds out begins N ov. 1 1914
until and Including N ov. 1 1923; thereafter 2% of bonds o ut. D enver
R ealty Co. notes are callable as a whole but not In p art a t 100 X and Int. on
any Int. day on 30 days’ notice. International T ru st Co., D enver, trustco.
T hey are g uar., p. A 1., by D enver City T ram . Co. and are secured by pledge
of entire outstanding stock and bonds of D enver A Inter-M tn. U R.; 5170,­
000 1st M. bonds of Boulv. R eal E state Co. and real estate valued a t $200,­
000. V. 94, p .2 1 0 .
E A R N IN G S.— For 12 mos. end. S ept. 30 1911, gross, $3,377,420; n e t,
51,654,414; charges and taxes, 5815,228; surplus, 5839,186.
R O A D .— Owns 200 miles of electric track . G auge, 3 ft. 6 In. P rin ­
cipally 65 and 72-lb. rail. 423 cars, of which 277 m otor passenger cars;
79 trail passenger cars and 67 miscellaneous.
D IV ID E N D S .— Dividends of 6% per annum have been paid on D enver
City T ram w ay stock since M ay 15 1902. Previous to 1902, 4% per annumwas paid.
O F F IC E R S .— P res., W m . G. Evans; 1st V .-P ., S. M. Perry; 2d V .-P. and
Gen. M an., John A. Beeler; Sec. and T reas., Thos. Kcely; A ud., W . A.
D oty.— V. 88. p. 374, 685, 882; V. 89, p. 1596; V . 90. p. 109; V .0 1 ,p .8 7 0 k
1910; V. 92, p. 186, 594; V. 93, p. 1599; V. 94, p . 207.

ELECTRIC RAILWAYS

J a n ., 1912. J

TT 7
}{ \
.11J
cm o fl
TE1T.I OPO Oil. IQUOUO OQ QD DO
ODOQDPil. jfjlU U lilD l UQD tJD□ □ □ DO Dll.
r n n o n o D □D hDdQu Dp uDcC I n n S f lif l^ G n
❖
IfilllL
0
T O H t ia p
MHO
oan y W
in n n n n
in
3Q 0M
□ osdcrar
rrrrrrm r
tit m n
□ nao no c i n n t t p r p
q c jd d o d
ip n X iD n n a o p c r o o i 3
11 u a S * S & C j£ ic |p n n n D n i: i n o a s
iodo
DO □i n□ n □P RS iR= H Ss aa on oo nr roa c □ □ □ □ □ □ Tfpapqpijpi
UUULSt
:w; □ reBTH :*v>i pc
p n rp ir M
H m M t e p g g g g c □ □ [Sncpnugng
M Jfefeuli
u ii Uu u Ug ag ag ga ^r r □n □o □o □n □a ^ iQ is D ilin n D Q t
f i l i as9Hn H W iS j = ? ^ ° n i i □ □ □ □ □ [» □ □ B > a ita n o r
n r r a s t S s i n ^ o □ □ □ □ □ [§ » c » a a > * . s r
gSSbg
□ □ □ ant? P D rJ fflE n o L ,
__U____ I I LlTTliL 7<TTa g g g ao ffl
K TV v'iD O IJC
n > JD D
m
2JD O D m
o o i? □ qoanaa
£□ □ □ □ DODO'
q n o r m a a n a t w ..
m
•
___
B
g
g
S
n
a
n
a
aQ L
[oCT

43

./eaPfjj-"
'Collect

a'v c ._ J|

ouod

ODE
n n u u u u u m iu n n n n r in a n
p n n m M rm n Jin n D D a o a D
□ dnoflppm ipaDODnii n r
MfnUiJiiK R.
D uaona
nQO DD DnaDnnt

innnrinniFi

BBDCQ
pD annnaD i
dddd
a
n
p
p
B Pna
S
ODDDl_______D ana
□ mm □ or
m'AVi
T H C ic r
nnnanannnn
id W E itfin D a n D a D
_______y o n n u D o n a n n a a n
D D o iit ra o n n n S iin n o n o o n ,______
----------- 'v .^ |n r |n n n n n n n iin n n s H T§
................ ....n
n jo n no n anonnnDn Dn nd rm
o o Dn I
iB Q S H P : n w B fln n o n ra o D D D

I 'l

Iw i

ra o p n rK

IPA
V
E
'

SMMffiSW _

□ □ □ □ □ □ □ □ □ □ □ □ □ □
.□ a a n a D d d a a a n a n :
g o o n flB d jp n
uo anaaodpan p ad

and QOLDEN

IS

fm
panona
n
n
n
n
n
n
t
a
n
n
ilD
C
3DD0D
C H E S S M A N pD D D O C JD D O D
PARK
^
ODC * th~i (av
□ O O B M O ID 1
DODDQDD
D
U
■ a n S v tio o n n c n D o a n D n n d d nDDDD
d DDSn ap DE

pan

on

j u l S f =«
ID D D Q B ^

__ IDDD
i 1PDD DOQDQK
p tp p D jp n
«tm nnrnjuTim
_________ lS]w0 KUSS0 0P O QODOflO
D O D O
loODODODDO
Iw n a ra s is j
f o i sm ao D n D O D N
iDDODnop O n « i]( D] Da aa
iDDOEWDifUl
3D

— ""H
fflBBMgSggggg
B a n n o n o o n o o ijQ O D Q D r
11D D 0D 1
'SNXIRE8&

□ □ □ □ oooooq
DDDDOODDOp
ODDDDD
DDOD

IM IJDDfDlPO

DBUpDC WROr|NlV|*VE.
DODDDC ID 3 0 0 ® .“
Q Q D oant
IDDODC1 J i
DODDt J □ Ur
m am
DDDRs 3 ]Q [| ji

JD D D D O d

p fl^ S tra a o o tiira itn rir
jD
jn aDD ooaqda aa aa np ap nn DU Un nUn .
jd d d d d q Q---------------□ DDDDDDDDDOt
annnnaaa
P O D O nddtl-------- nnilL l !□ □ □ □ □ □ [
aiDDDDDO
B aocm ni—jQQQt/Ql
paOQflDflDQDDI
paoaad
IQDDdDl_1DODOO..DO DD DO PQD [
ja O g S D D D D O D D O
3] Da DDQ0 DDOODOQ CD fp af al nSUSD gn aS i S g n p o n o n
COlfA
w in n n a s
i f
IQDDDQCSiODDQQOninDtlQOQQDt
DOODD □ DODDDoonotjaa IfiD D S O K IK inO O iaD D D flO B aD C
QDDODOtlDOODQO
ODDDO
iD a a o a p n an n n D Q D D D n P D D D ia u
r n n n □ □ onooga IDDDDDLg q UUU d DDDIIGDDDGO
ODDOD,
Q lfi0 flfi0 B 9 u aaanD D 'C
cSB Jisr^ S a n D O D a a D Q D c
OQDOD
u JnnnrrnrmaanDDDDCr'
fflE eajaD D D D D D D D D D C
pGQODDDOQDODDDDt
la n d d a n o D D d D D D a r
u iD M itJ n n fln n a a a o o
□ auppoaaoa
o™ a
UUDI
□ □ aanapDaira
IODDOQDOQOO
■ ODD!

OBJDQQDiffll

I

iMoonooot

□ □ □ OaODDDOD

uooooanooiia
doooooooodd

JDDBODDDDBD
ddddoqqoooo

UDOOOOOOOOODOOQDOOEl
UnDDOQQDDDODOQOOODD
C O N T IN U A T IO N O N T H E E A ST
OF THE LINES OF THE

DENVER CITY TRAMWAY CO.




«

t
'

m

m m
m u M i
][J I][/p [S
B O tp U D D
p p o o ii
m m m

onof u
>QDDDODDDDDD0
3nn!
JDDDDODDDOQOQ
300
SADDDDEODOODDflfl
30GDI2 ID
SDODDDDODDDDDUU
DODDQt 31
IDDDDt HDD
ddoo 'd i i o n
DDUflOl
DDOOOf ]1
iJUDOO
arinnr! lmo n m o o u n r
lnnnni
□ oor
“ “ id d d d !
DOODDOIDI
DSDDODDQDDOD j^pDDgDgDDODDDDD!
30
°I
DGDDDDDODDraOGQDGDGDDKlDDDD
P0
Q O O D D D O D D D r jD D n Q a D D E I D ® n a n D
30

□ QDQDOmDDDDDD0D®DD0D
__nnppo___i _____ 3 ________________________
doq

** M A P O F T H E L IN E S O F T I I E

DENVER CITY TRAMWAY CO.
D E N V E R , C O L O R A D O

44




ELECTRIC RAILWAYS

[V O L . LXXXX1V.

J an ., 1912.|

ELECTRIC RAILWAYS

(a) T h e D en ver T r a m w a y P o w e r C o .

O RG A N IZA TIO N .— Incorporated In Colorado M arch 1001 and owns
the electrical power plant and distributing system which supplies the cur­
ren t for the operation of the Denver <Sc N orthw estern and the Denver City
T ram w ay Co.’s lines. Its property Is operated and m aintained by the
D enver City T ram w ay Co. under lease. Its bonds are guaranteed, principal
and Interest, by the Denver City T ram w ay Co.
STOCK AND RONDS— Date. Interest. O utstanding. M aturity.
Stock $500,000 ($100)...................................................... $500,000 .....................
F irst Im prov m tge $1.500.000f 1903 5 g A-O
1.297,000 April 1 1923
gold ($1,000) guar p A 1— ( In t. a t In tern at. T rust Co., Denver, trustee.
I or G uaranty T ru st Co., New York
Bonds.— Of the 1st Improv. m tgo. bonds, $14,000 arc reserved for future
Im provem ents a t cost. Are subj. to call on any ln t. date a t 105 and lot.
A sinking Jiiml of $50,000 p. a., to retire bonds a t 105 and Int., commenced
In 1008, and $189,000 have been retired. This Is also guar, by D enver City
T ram w ay. Interest payable In New York and Denver.
P L A N T .— Is operated by and furnishes all power for the D enver T ram ­
way Co. Norm al capacity of com pany’s plant, which Is situated on the
P latte River In Denver, Is 9,500 k. w. Owns 4 sub-stations, one of 1,500
k. w .. two of 1.000 k. w. and one of 900 k. w. capacity.
O F F IC E R S .— Pres., W m. G. Evans: V .-P., John A. Beeler: Sec. and
T reas., Thos. K ccly.— V. 82, p. 1437; V. 83. p. 30: V 86, p. 1103; V. 00.
p. 1044; V. 92. p. 1112.

45

STOCK AND BONDS— D a t e . i n t e r e s t . O u t s t a n d i n g . M a t u r i t y .
Stock, $1,200,000 ($100).............................................. $1,160,000 ......................
1st m ortgage, sinking fund,) 1901 5 g A-O
1,160,000 April 1 1921
gold ($1,000), guaranteed Amer. T ru st A Savings B k., Chic., Trustee,
p. A I. by Des Moines City In t. a t H arris, Forbes A Co., New Y ork, and
R y -------------------------------- c*J H arris T ru st A Savings B ank, Chicago.
B o n d s . —O ther bonds m ay be Issued for acquisitions and extensions at
not over 80 % of cost and a t not over $16,000 per mile for new road, b ut only
when net earnings equal 1 M tim es all ln t. charges on bonds o u t and those to
be Issued. Bonds arc su bj. to call a t 105 and Int. A sinking fu n d of 5%
of bal. of annual net earns., after p ay m en t of all charges, becam e operative
April 1 1906, and bonds so purchased are to be kept alive for purpose of the
fund; $7,000 arc held In sinking fund.
EA R N IN G S.— For 12 m onths ending O ct. 31 1911, gross, $274,016; net.
after taxes, $92,579; in 1910, gross, $264,845; not, after taxes, $81,098.
RO A D .—O perates 73.69 miles of track (lncl. sidings) connecting Des
Moines and Colfax. Des Moines an d P erry , with branch to W oodward.
S tandard gauge; 60 and 70-lb. T rail. 12 pass., 83 freight and 2 m lsc. cars;
4 locom otives. Cars enter Des M oines over tracks of Des Moines C ity, Ry
O FF IC E R S.— P res., A. W . H a rris ; V .-P ., T reas. A Gen. M gr., J . R
H arrlgan; Sec.. N . T . G uernsey.— V . 74, p . 680.

D E T R O IT , M I0 H .
— { S e e M ap p a g e 44.)—Trolley.
O RG A N IZA TIO N .— Incorporated In M ichigan Dec. 31 1900 and to o t
over franchises and properties of the D etro it Citizens’ S treet R y .. the D etroit
Electric R y ., th e D etroit F t. W ayne A Belle Isle and the D etroit Suburban.
V. 72. p. 44, 183. Em braces all the street railw ay lines In D etroit.
L ater absorbed by purchase the D etroit A xNorthwestern R y., which Is
known as the O rchard Lake division, th e D etroit A Pontiac R y.. known
as the Pontiac division, the W yandotte A D etroit R iver R y., known as the
W yandotte division, and the D etroit A F lint, form erly the D etroit Roches­
ter Rom eo A Lake Orion R y , and know n as the F lint division. Owns en­
tire capital stock ($2,000,000) of th e D etroit A P ort H uron Shore Line.
In Aug. 1901 purchased 2,970 shares (all) of the stock of the Sandwich
W indsor A A m herstburg R y.; 180 shares (all) of th e stock of the City Elec­
tric R y. and the People s Electric Light p lan t of W indsor, O nt.
In Feb. 1906 Issued $1,000,000 notes for the purpose of acquiring the
entire stock of the D etroit Monroe A Toledo Short Line R y. V. 82. d .
392. These were paid off March 1 1909. V. 88. p. 563.
In Jan . 1907 com pany purchased control of the D etroit Y psllantl Ann
Arbor A Jackson R y., the Jackson Ann A rbor A D etroit R y. and the
D etroit P lym outh A N orthvllle R y .,a n d reorganized them under the nam e
of D etroit Jackson A Chicago R y. V. 84, p. 450.
On Feb. 24 1911 M ichigan R R . Comm, granted perm ission to Issue $1,­
078,000 4
bonds for Im provem ents and b etterm ents. V. 92, p. 594, 659.
The U nited S tates Suprem e C ourt on M arch 3 1902 decided th a t the
ordinance of 1889 com pelling the Citizens’ Street R y. to sell 8 tickets for a
quarter was invalid. (See V. 74, p. 528.)
On Sept. 28 1910 Mich. Suprem e C ourt refused to grant a ro-hearfng from
Its decision th a t com pany m ust sell w orkingm en’s tickets a t rate of 8 for a
Quarter w ithin specified hours and w ithin city lim its as extended. V. 91,p.
In July 1906 a proposed ordinance extending the com pany’s franchises
until Dec. 4 1924 was subm itted to th e City Council. See V. 83. p. 271.
1170. V. 84. p. 338. O rdinance, how ever, fell through. Question of
valuation of com pany’s property In connection w ith proposed new franchise
was In April 1910 subm itted to a board of a rb itratio n . V. 90, p. 976, 1101.
Up to Jan . 1912 valuation had not been fixed.
On Nov. 13 1909 com pany decided to pay under protest the occupa­
tion tax of $300 a day called for by H ally resolution of O ct. 26 1909. The
tax Is for privilege, after Nov. 14 1909, of operating cars In streets where
franchises have expired. V. 89, p. 1347. On Ju ly 8 1911 W ayne Circuit
Court decided In favor of the city su it brought by city on Sept. 15 1910 to
compel the com pany to pay $200 per day occupation tax, in addition to
D ERRY , PA.
the $300 above. V. 93, p. 163. The entry of the decree was withheld
W E S T M O R E L A N D C O U N T Y R A I L W A Y CO .
th at the Common Council m ight be consulted as to a modification
O RG A N IZA TIO N .— Incorporated In Pennsylvania on Dec. 27 1904. Is In order
suspension of the ordinance or decree.
a consolidation of the B radcnvllle A D erry S treet R y. and th e Blalrsvllle A or On
M
ay
1 1907 the Suprem e C ourt of M ichigan decided th a t the city of
D erry S treet Ry.
D etroit could not lay street railw ay tracks through its D epartm ent of
STOCK AND BONDS— D a t e . I n t e r e s t . O u t s t a n d i n g . M a t u r i t y . Public
W
orks
(as attem pted under an ordinance of the City Council passed
Stock $500,000 ($50)......................................................... $500,000 ...................... In 1905), to be leased,
as supposed, to an operating com pany. V. 84, p. 1052.
F irst m ortgage $250,000 gold! 1905 5 g M-S
250,000 Mch. 1 1935
On April 25 1907 Judge Swan In th e U. S. Court a t D etroit granted an In­
($100) ................................ c * \ln t. a t E ast E nd. Sav. A T r. Co., P itts ., Tr junction
(which July 24 1907 was m ade perm anent) restraining the city
from enforcing an ordinance seeking to compel the com pany to give 20
BO N D S.— No sinking fund and bonds are not subject to call.
service on some of Its lines. V. 84, p. 1052.
E A R N IN G S.— F or year ending Ju ne 30 1911, gross, $34,515; net, seconds’
On Ju ly 23 1907 Ju dge Swan granted an Injunction restraining the city
$11,404; Interest and taxes, $14,223; deficit. $2,819.
from enacting an ordinance which provided th a t com pany can use patches
R O A D .—O perates 7 miles of track.
of line on which franchises are said to have expired on condition only th a t
be sold for 15 cents over entire lines or streets on which patches
O FF IC E R S.— Pres., Jo hn E . P otter; V .-P., F . W m . R m lall; Sec., A. P . 6 tickets
V. 85. p. 345.
M eyer; T reas., J . G. Vllsack, all of P ittsburgh; S u p t., S . F . Schw crdt, lie.*n API\1
1011 an agreem ent was entered into betw een the com pany and
D erry.— V. 82, p. 50.
_ _________
M ayor Thom pson (ratified by City Council), w hereby the com pany Is
perm itted to build a t once extensions and double-track Its lines. A gree­
m
D E S M O IN E S , IO W A .
V.ent
92,provides
p. 956. th a t a t any tim e city m ay purchase any of th e extensions.
DBS M OINES CITY RAILW AY C O — A trolley road.
Proposed M unicipal Purchase .— On Ja n . 15 1912 the M ich. Suprem e
In March 1911 N. W . H arris of Chicago acquired practically all the C ourt
handed down a decision holding th a t the city could n ot legally vote a t
stock not previously owned by him of the Des Moines City R y. Co. and proposed
election Ja n . 23 1912 upon charter am endm ent to provide for
of Its allleu corporation, the Inter-U rban R y. Co. V. 92, p. 794.
m
unicipal
ownership of street railw ays. See V. 94, p. 207, 123. A similar
O R G A N IZA TIO N .— A consolidation In 1893 of the Des Moines S t. R R . decision was
handed down by the sam e court on Feb. 1 1911. V .92,p.322.
Co. and the Des Moines Suburban Ry. Co. Is authorised to carry freight
In Jan . 1911 a M ontreal syndicate underw rote $1,500,000 first consol.
Franchises In Des Moines considered perpetual under a charter granted by 4 Xs
to
provide
for floating debt, Ac. V. 91, p.870,945; V. 92, p. 59, 659.
the city of Des Moines to D r. M. P . T urner on Dec. 10 1866. On Nov. 21
Ordinance.— On O ct. 21 1911 P res. H utchins form ally accepted
1905 th e City Council passed a resolution directing the com pany to remove theProposed
proposed
ordinance
by the Council Ja n . 16 1912 (If approved by
Its tracks from the streets. But on Feb. 27 1907 the U. S. Circuit Court three-fifths of voters a t passed
referendum election which was to have been held
a t Des M oines,In an action brought by the com pany to restrain th e city Ja
23 1912), which will provide for the sale of eight tickets for a q uar­
from attem ptin g to enforce this ordinance, held th a t the franchise of the tern .from
, 5 a . m . to 8 p. m . and six tickets for a q uarter from 8 p. m .
com pany Is perpetual. V 84, p. 508. On May 17 1909 the U. S. Supreme to 5 a. ni.,
w ith universal transfers. City will have an option to purchase
Court reversed the decision of the Circuit C ourt, b u t did not decide the ques­ the system on
m os.’ notice, the value to be fixed by appraisers. All exist­
tion w hether the franchise was perpetual. V. 88, p. 1313: V. 89, p. 224. ing franchises 6under
which the com pany is operating arc to expire In 1924,
On Dec. 2 1910 Judge A pplegate a t Adel dism issed the quo w arranto su it to and all existing litigation
between th e city and the com pany Is to bo discon­
eject th e com pany from the city streets. V. 91, p. 1574.
tinued.
Provision
Is
ade for building m uch-needed extensions, which
G uarantees the Inter-U rban R y . Co. 1st M. bonds, prln. A ln t. See m ust equal 5% of the mtrack
m ileage each year. V. 93, p. 1190.
below.
STOCK A ND BONDS— D a t e . I n t e r e s t . O u t s t a n d i n g .
M a tu r ity
STOCK AND BONDS— D a te . I n t e r e s t . O u t s t a n d i n g . M a t u r i t y . Stock.
$12,500,000 ($ 10 0 ) .................
Q-M $12,500,000 D c c .'ll,lH %
Com mon. $3,000,000 ($100)............... ............................................ $1,055,000 ..............................................
1st
consol
m
tge.
$25,000,000.(1902
4
^
?
J-J
15,531,000
Jan
11932
............................................
250,000
..............................................
Pref 6% n-c, $250.000..........................
gold ($1 .00 0 )................... c*(G uaran ty T ru st Co., N. Y .. Trustee.
A-O 248,000 O ct 1 "12 to
Des Moines St R R 1st M f 1889 6 g
JIn t. a t agency, Bank of M ontreal.
($25,000 due yearly)
O ct 1 1919
gold, ($1,000 each)
D etroit U nited R y. stock and bonds have been listed on the New York
American T r. A Sav. B k., Chicago, Trustee. Stock
Exchange; also D etroit Citizens’ R y. consol. 5s.
210,000 Jan 1913 to
Des Moines Sub R y 1 stf 1890 6 g J-J
_____ gold ($1,000j
($20,000 due yearly)
Jan 1921
Bonds.—Of the $25,000,000 first consolidated m ortgage bonds authorized,
m ortgage.
each )-----------------------------c* [in terest a t Chemical N at. B ank. N . Y. City $8,880,000 are reserved to retire underlying Hens and $589,000 are
\ T rustee. Iow a Loan A T ru st, Des Moines. reserved for acquiring new properties a t the rate of 75% of cost, and
Des Moines City R y ..... 1893
6%
4,000 May l 1923 only available on a tw o-thirds vote of the stockholders. E ntire Issue, o
Des Moines City Ry refund'gf 1901 5 g A-O
2,395,000 April 1 1921 any p art thereof, Is subject to call a t any tim e a t 105 and Interest on 60
m ortgage, $3,000,000, gold In t. a t H arris, Forbes A Co., N. Y.; also H ar- days notice. Sec V. 73, p. 1111.
($1,0001 .......................... _c *l rls T r. A Sav. B k., Chic. T rustees, 111. T r.
D etroit E lectric
J A Sav. Bk. and W m. H .M Ienklc of Chlo.
a te .
In te r e s t. O u ts ta n d in g . M a tu r ity
Bonds.— Of the refunding intgc. bonds of 1901, $564,000 arc reserved Detroit R y .1 stm tg e.g ($l.000)1 D1895
5 g.J-D $1,800,000 Dec 11912
to retire the underlying 6s outstanding. Of the $2,395,000 5s reported
on
56.34
m
iles--------c*A
r|
In
t.
a
t
Cleveland
Co., T rustee, to 1924
outstanding. $5,000 have been deposited w ith Illinois T rust A Savings D etroit Electric con M, $2,-/ 1896 5 g J-D T r. 1,000,000
Ju ne 1 1916
Bank to be held In lieu of the $4,000 Des Moines City R y. 6s still o ut. Bonds
800,000,
gold
($l,00
0
)c»
A
r]Int.
a
t
Cleve.
T
r.
Co.,
T rustee. As to Dec.
can be called on any Int. date a t 106 and Int. Sink. fd. $10,000 yearly on
1897
Interest,
see
V.
65,
p.
1219.
April 1 from 1906 to 1910, $15,000 from 1911 to 1915 and $25,000 from 1916
B o n d s . — First m ortgage bonds of th e D etroit R y. num bered 1 to 600 m a­
to 1920. The rem aining bonds m ay only be Issued to pay for not exceeding ture
In
order
of
num
bers
a
t
$50,000
per
annum
,
beginning
Dec.
1 1912;
80% of cost of extensions, providing net earnings arc 50% in excess of Inter­ num bers 601 and above m ature Dec. 1 1924. D etroit Electric consols
for
est charges upon all bonds outstanding, Including those to be Issued.
$1,800,000
arc
reserved
to
retire
the
first
m
tge.
bonds
as
they
m
ature.
R E P O R T .— For year ending N ov. 30 1911, gross, $1,131,379; n et,
D etroit Fort W ayne & Belle Isle .
$302,555.
g, $1,200,000 ( 1898 5 g A-O $1,200,000 April 1 1928
ROAD.— O perates 85.07 miles of track . 35 to 129-lb. rails. 170 pass., 1st($1m,00tge,
0 ).......................... c * r j New York T ru st Co., Trustee.
10 freight. 8 work and 7 mlsccl. cars.
I S ubject to call a t $105 and ln t. on 60 d.notice
O FF IC E R S.— Pres., A . W. H arris; V .-P., T reas. A Gen. M gr., J . R .
Interest a t K ean, Van C ortlandt A Co., New Y ork.
H arrlgan; Sec.. N. T . G uernsey.— V. 86, p. 546; V. 88. p. 1313; V. 89, p.
224; V. 91, p. 1574; V. 92, p. 794; V. 93. p. 407, 588.
.
D etroit & N o rth w e ste rn R y ,
1st m tge. $1,000,000, gold] 1901 4 ^ g M-N $855,000 May 11921
IN T E R -U R B A N R A I L W A Y C O — A tr o lle y r o a d .
($100, $1,000)-------------- c*JIn terest a t Union T rust Co.. D etroit, Trustee
O RG A N IZA TIO N .— Incorporated In Iowa to construct a system of
B o n d s . —Are guaranteed, principal and interest, by th e D etroit U nited
Intcrurban roads connecting with Des Moines. The Des Moines City R y. Ry. by endorsem ent and are subject to call a t 105 and Interest on 60 daFi*
Co. guarantee*) the bonds, prln. and Int.
notice after May 1 1911. Sec V. 73, p. 494.
(b)

T h e D en ver T r a m w a y T e rm in a ls C o .

O R G A N IZA TIO N .— Incorporated In Colorado A ug. 24 1910 to bulln a
term inal and a loop line for the Denver City T ram . Co. V. 91. p. 1160:
V. 92. p. 186. E ntire stock Is owned by D enver City T ram . Co., which
com pany guarantees Term inals Co. bonds, principal and Interest.
STOCK AND BONDS—
Date. Interest. Outstanding. M aturity.
Stock $500,000.....................................
...............
$500,000 ---------------First m tge $1,500,000 gold! 1910 5 g M-S
1,280,000 See text
($100 and $1,000) - ..........c * /In t. a t Merc. T r. Co., N. Y ., tru s., A In Den.
B onds.— Rem aining bonds arc for Im provem ents. T hey m ature $60,000.
annually beginning S ept. 1 1916. S ubject to call any Interest day a t 105
on 30 days’ notice.
O FFIC E R S.— Pres., John E vans; V .-P., W m . G. E vans; Sco., A. G.
M ontgom ery; T reas., F . G. M olfat.— V . 91, p. 1160.
(c) Denver & Inter-M ountain RR.
O R G A N IZA TIO N .— Incorporated In Colorado abo u t O ct. 29 1907'as
Inter-M ountain R y., b u t on April 2 1909 changed nam e to present title.
P rivate right of way. Franchises In D enver and Golden are perpetual.
E ntire stock and outstanding bonds arc pledged to secure $750,000 Denver
R ealty Co. notes. See under D enver City T ram w ay above. H as passenger
arrangem ents w ith Denver City T ram w ay for Interchange of transfers on
D enver City lines; also has contract for use of tram w ay co’s tracks In enter­
ing Denver. H as freight traffic agreem ents w ith D cnv. A N . W . Ry.
STOCK AND BONDS—
Date. Interest. Outstanding. M aturity.
Stock. $1,000,000 ($100)..................... - ................. $1,000,000 .........................
Inter-M ountain R y. 1st mort-1 1908 5 g J-J
500,000
1938
gage gold, $750,000 ($100)Interest a t C ontinental T ru st Co., Denver,
and $ 1 ,0 0 0 )..................._.c*j trustee, or B ankers T ru st Co., New York.
Bonds are callable a t 105 on any ln t. day after 1913.
E A R N IN G S.— For 12 m os. end. O ct. 31 1911, gross, $135,341; n et, $40,­
846; Int., taxes. Ac., $30,495; surplus, $10,351. In 1909-10, gross, $130,­
107; n et, $30,309; ln t., taxes, Ac., $28,385; surplus, $1,924.
RO A D .— O perates from Denver to Golden and from B arnum Ju n e, to
and around B arnum Loop. Main track, 15.25 miles; total track , lncl. 2d
and leased track and sidings, 24.13 miles. 40, 75 and 80-lb. T rail. S tand­
ard gauge.
O F F IC E R S .— Pres. A Gen. M gr., W m . G. Sm ith; V .-P ., A . C. M ont­
gom ery; See., Jas. II. Brown; T reas., F . G. M ollatt.— V. 90, p. 697, 1675;
V. 91, p. 1629; V. 94, p. 207.
_____




D E T R O IT U N IT E D R A I L W A Y .

ELECTRIC RAILWAYS

46
D etro it & P o n tia c R y

1stm ortgage, $500,000, goldl 1807 5 g F-A
$500,000 Feb 1 1022
($1 ,00 0 )_______________ c*yW ashlngton T ru st Co., N. Y. .T rustee.
J Interest a t People’s S tate B ank, D etroit.
1st con m tgo, g ($1,000),1 1001 4 ^ ? J -D
600,000 Ju ne 1 1026
$ 1 , 10 0 ,0 0 0 ---------------c*& rj In t. a t W ashington T ru st Co., N . Y ., T rustee
Bonds.— $500,000 consolidated m tgo. 4>£ % bonds are reserved to retire
like am ount of 1st m tge. bonds. Bonds are subject to call a t 105 and Inter­
est on 60 d ay s’ notice after June 1 1011. Principal and interest of both
Issues guaranteed by D etroit U nited by endorsem ent.
,

w

W y a n d o tt e & D etroit R iv e r R y .

1st consol M, $425,000\ 1808 5 g J-D
$425,000 Dec 11018
($1,000), gold---------------c*JInterest a t U nion T ru st Co., D etroit, T rustee.
• • •

D etroit & F lin t R a ilw a y .

[V O L . LXXXXIV.

(2) Sandwich W indsor & A m herstberg R y.—Trolley.
O R G A N IZA TIO N .— Incorporated under special charter from Province
of O ntario. Owns entire capital stock ($100,000) of the W indsor & Tecum ,
seh E lectric R y. E ntire stock of Sdw. W inds. A A m h. Is owned by D et. U n.
STOCK AND BONDS— Date. Interest. Outstanding. M aturity.
S tock. $350,000 ($100)................................................
$207,000
__...........
Consol M tge.,g$600.000)
1002 4 V * g J-D
400,000 D ec. 1.1022
gold ($1,000)..........c * (N ational T rust Co., L td ., T oronto, T rustee.
W ind A Tec El $300,0001
1007 5 g M-S 2
180,000 Sept 2 1027
g ($1,000) gu p A l_c*jN ational T ru st Co., L td ., T oronto, T rustee.
Bonds.— S. W . A A m h. bonds are subj. to call after Deo. 1 1012 a t 105.
W indsor A Tecum , bonds are guar., p. A 1., by S and. W indsor A A m herstb.
R y. T hey are red . on and after Sept. 2 1017 a t 105 and Int. on 60 d ay s’
notice. Interest on both m ortgages Is payable a t com pany’s office.
R O A D .—O perates 36.06 miles of track In and betw een W indsor, W alker
vllle. Sandwich and A m herstburg, Including City R y. of W indsor (2.52
m iles), operated u n d erlease.—V. 75, p. 1303, 1400.
(3) D etroit Monroe & Toledo Short Line R y.
In F eb ., ’06 entire stock was acquired by D et. U nit. R y . V. 82, p. 302.
O RG A N IZA TIO N .— Incorporated In M ichigan on Decem ber 11 1002.
STOCKS AND BONDS— D ate. Interest. Outstanding. IM a tu rity •
Stock, $3,000,000 ..............................................................$2,581,000 .........................
1st m ortgage, $3,000,000,1 1003 5 g J -J
2,581,000 Ja n . 11033
gold ($1,000)---------------c*j U nion T ru st Co., D etroit. T rustee.
B onds.— Interest Is payable In New Y ork. No sinking fund and bonds
are not subject to call. Of the $2,581,000 reported outstanding above
$97,000 were on Dec. 31 1910 In the D etroit U nited treasury.
R O A D .— O perates 50 miles of road from Toledo to D etroit and 4 m iles of
road from Monroe to L ake Erie; com pleted N ov. 5 1904. A t Toledo con;
nectlon Is m ade w ith the Lake Shore Electric R y. for C leveland. Is o '
steam road construction, on private right of w ay; standard gauge, laid w ith
70-lb. T-rails. T otal track . 74.72 m iles.—V. 79, p. 2455; V. 82. p. 302.
(4) D etroit Jackson & Chicago R y.
O RG A N IZA TIO N .— A holding co. organized In Mich. In 1007 by D etroit
U nited Interests to take over the D et. Ypsll. A nn A rbor A Jack . R y , the
Jack . A nn A rbor A D et. R y. and th e D et. Plym . A N orthvllle R y ., paying
therefor $1,230,000. E ntire stock owned by D etroit U nited R y.
STOCK AND BONDS— D a t e . I n t e r e s t . O u t s t a n d i n g . M a t u r i t y .
Stock, $25,000 ($ 10 0 ) ....................................................
$25,000 ......................
1st cons M, $4,000,000 ($1,000) (1007 5 g F-A
1,305,000 F eb 1 1937
g o ld ......................................... c*i In t. a t Security T ru st C o., D etro it, T rustee.
BON DS.— Bonds are subject to call on any Interest day a t 105 and In­
terest. G uaranteed, p. A 1., by th e D etroit U nited R ys.r enough bonds are
reserved to retire bonded debt of the D et. Y ps. A nn A r. A Jack . R y. V.85,
p. 345. Of th e am ount reported outstanding, $515,000 were on Dec. 31
1910 In the D etroit U nited treasury.
(a) D etroit Y psilanti Ann Arbor & Jackson R y.
O RG A N IZA TIO N .—O rganized In M ichigan in 1001; absorbed by pur­
chase th e D etroit Y psilanti A Ann A rbor R y. and th e Y psilanti A Saline
Electric R y. Franchises w hich are not perpetual expire In 1027.
STOCK AND BONDS— D a t e . I n t e r e s t . O u t s t a n d i n g . M a t u r i t y .
S tock .com . ($ 2 ,6 0 0 ,0 0 0 )............................................... $2,600,000 .........................
1st consol. M., $2,600,0001 1001 5 g F-A
1,610,000 Feb. 11026
$500 ($1,000), g o l d ___c * /In t. a t D etroit T ru st Co., D etroit, T rustee.
D et. Y p. A Ann A r. 1st M .) 1807 6 g M-N
600.000 N ov. 1 1017
($600,000), g. $500 orV Interest a t Union T ru st Co., D etro it. T rustee
$1,000 e a c h )......................
D et Yps A Ann Ar cons 1st Ml 1809 6 g F-A
330,000 Fob 1 1924
$1,000,000 g ($500 A $ l,-> In terest a t union T ru st Co., D etroit, T rustee.
000) sinking fund annuallyj
Yp. A Saline 1st M...................................... 6 J -J
60.000 Ju ly 1 1019
Of the new 1st m ortgage of $2,600,000, $090,000 are reserved for under"
lying liens. F irst consols cannot be called. See V . 75, p. 666.
R O A D .— Completed and in operation from D etroit (through W ayne
and Y psilanti) to A nn A rbor and to Jackson; m aking m ileage 100 m iles, of
which 40 m iles over private right of w ay. T otal track , 105.49 m iles.
Ralls 70 and 75-lb. T and girder. Does a freight business.— V . 70, p. 260;
V. 81, p. 1723; V. 84. p. 51, 450.

^ * T he D etroit A F lin t R y. was organized to acquire the D etroit R ochester
Rom eo & L ake Orion, together with th e N or. D et. Elec. R y. and th e D et.
U tica A Romeo R y. T he consol, m tge. Is a 1st Hen on these last two prop’s.
Date. Interest. Outstanding. M aturity.
D R R A L O R y 1st m tge, 1000 5 g J-D
$1,100,000 Ju ne 1 1020
sinking fund, gold ($1,000), Interest a t A m erican T ru st A Savings B ank,
$1,500,000; unissued bonds Chicago, T rustee; also G uaranty T rust
have been canceled_____c* Co., New Y ork.
D etroit
A F lin t 1st consol M1001
------------------------------------5 g F-A $1,400,000 Aug 11021
g, $3,000,000 ($1.000)-_c*]lnt. a t T r. Co. of A m erica, N . Y ., T rustee.
Bonds.—Of the consolidated m tge., $1,100,000 are reserved to retire
bonds of like am ount of the D. R . R . A Lake O. R y. and $500,000 have been
canceled. C onsolidated bonds are subject to call a t 100 and Interest
on 60 days’ notice. Both Issues are guaranteed by the D etroit
U nited R y.; see form of g uaranty In V . 76, p. 1300; as "additional collateral
security’’ on the F lin t bonds 1st consol. 4V$ % bonds of the D etroit U nited
are deposited, $ for $, w ith th e G uaranty T ru st Co. of New Y ork, and would
be available In the event of default on th e D etroit A F lin t bonds.
Latest E arnings.— For 11 m os. end. N ov. 30 1011, gross, $0,350,314; net,
53,310,507; other Income, $150,120; charges and taxes, $1,043,250; surplus,
$1,565,467. In 1000-10, gross, $8,577,416; n et, $3,000,620: other Income,
$140,508; charges an d taxes, $1,863,862; surplus, $1,367,365.
R E P O R T .— A nnual rep o rt of th e D etro it U nited R y. for the year ending
Deo. 31 1010 was published In V . 92, p. 455.
D e tro it U n ited R y .. R a p id R y . S y s .. Sandw . W in d . & A m h e r s tb . R y ., D et
M on roe & T o l. Sh. L ine R y . a n d D e t. J a c k . & Chic,
1910
1909.
1908.
____165,920,753 142,981,316 126.668,068
____ 48,237,720 41,629,844 36,622,400
Gross earnings__________________ ____$9,345,219 $8 047,555 $7,114,760
5,042,724 4,550,123
O perating expenses...........................
____$3,364,154 $3,004,831 $2,555,637
152,768
144,833
64,957
Inoom e from other sources.......... ____
Incom e from all so u rc es.-____ ____$3,516,9 22 $3,149,664 $2,620,594
In terest and tax es........................... ____ 2,030,622 1.880,129 1.618,666
Surplus In c o m e ................... ....... ____*$1,486,300 *$1,269,535 *$1,001,028
N o t e . — Taxes are lnoludcd In operating expenses In 1008.
• In 1910 $400,000 of above surplus was charged off for depreciation and
$100,000 for contingent liabilities; In 1000 sam e am ounts respectively; In
1908 $300,000 was charged off for depreciation and $50,000 for contingent
liabilities.
D IV ID E N D S .— F irst dividend of 1 % on D etroit U nited stock w as paid
M arch 1 1901 and 1% quarterly thereafter until Aug. 1 1005. when rate
was raised to 1 Vi % q uarterly . On Nov. 1 1005 1 U.% . In 1006 5% . In
1007, F eb., 1 H % : M ay, 1 H % \ A ug., 1 Vi %. None to M ch. 1911. when
1 Vi % was paid; Ju n e, 1 Vi%; S ep t., 1 Vi%; D ec., 1 Vi%.
ROA D.— On J a n . 1 1011 operated 758.638 miles of track, as follows:
D etroit U nited, Including W yandotte A D etroit River R y., D etroit A
N orthw estern, D etro it A P ontiac, D etroit A F lint, 412.73 miles; D etroit A
P o rt H uron Shore Line, 128.34 miles; Sandwich W indsor A Amherstburg
R y., 36.06 miles; D etro it Monroe A Toledo S hort Line, 75.80 miles; D etroit
Jackson A Chicago R y., 105.62 m iles. Ralls, 77, 85 and 08 lb. steel. Does
an express service. H as 1,079 closed passenger cars, 304 open passenger cars,
229 freight and construction cars, 34 line cars, 51 express cars, 11 miscel­
laneous cars, 2 locom otives, 3,023 m otors and 2,330 trucks. T here are 11
power-houses, w ith a com bined capacity of 45,000 h . p ., 2 storage batteries
DOYLESTOW N, PA .
with a com bined capacity of 4,500 am peres and 22 sub-stations w ith a
com bined capacity of 18,850 k. w.
P H I L A D E L P H I A & E A ST O N E L E C T R IC R Y . C O .— A trolley road.
O FF IC E R S.— P res., J . C. H utchins, D etroit; V .-P .’s, A rthur Pack, D e­
O R G A N IZA TIO N .— O rganized In 1007 as successor to th e P hiladelphia
tro it, E. W . Moore, C leveland, and A. J . Ferguson, M ontreal; T reas., George A E aston R y. (formerly the Doylestown A E aston S treet R y .), sold at
H . Russel, D etroit; Sec., A . E . Peters, D etroit; Gen. M gr., F . W . Brooks. trustee’s sale M ay 31 1907.
D etroit. General offices, 12 W oodward A ve., D etroit.— V. 00, p . 372, 445,
STOCK AND BONDS— Date. Interest. Outstanding. M aturity.
076, 1101; V. 01, p . 307, 700, 870, 045; V. 02, p. 50, 118, 186, 261, 322
$265,000 ($50).......... ........... ...............
$258,800 ......................
304, 455 , 504, 650, 956, 1032; V . 03, p. 163, 1100, 1725; V. 04, p. 123, 207. PCommon
ref $365,000 5% non-cum ......................................
354,800 ......................
1st m tge $1,000,000 ($1,000.1 1007 5 g M-S
011,000 S ept 1 1027
(1) D etroit & P o r t H u ron Shore Line R y . —A trolley road.
$500
and
$100)
gold------o
*/In
terest
a
t
G
irard
T
ru
st
Co., P hlla., T rustee.
E ntire outstanding capital stock Is now owned by the D etroit U nited R y.
STO C K .— Preferred shares have no voting power.
O R G A N IZA TIO N .— Incorporated In M ay 1000. Is a consolidation of
Voting Trustees.— W illiam Pearson, H arrisburg; Jo hn B. M yers, L an ­
the R apid Railw ay Co., the D etroit M t. Clemens A M arine City R y. (the
L. B. H illard, W ilkes-Barre; Franklin M atthew s, Philadelphia;
purchaser of the properties of th e M t. Clemens A Lakeside T raction Co. and caster;
Shm ldhelser, Philadelphia.
the D etroit A R iver S t. Clair R y .), the P ort H uron S t. Clair A M arine City Godfrey
Bonds.—
The new $1,000,000 bonds are not subject to call and no sinking
R y ., the Connors Creek A C linton R iver P lank R oad Co. and the City fun d . In terest
was 4% to S ept. 1 1911; Is now 5% .
Electric R y. of P o rt H uron. T he new com pany owns the capital stock of
E A R N IN G S.— F or year ending Dec. 31 1011, gross. $06,155; not, $25,078
each road. The consolidated com pany operates aU the tracks In Mt. Clem­
ens and P o rt H uron, and the through route from D etroit to P ort H uron
R O A D .— O perates 31 miles of road betw een D oylestown and E aston.
running through M t. Clemens, New B altim ore, Algonac M arine City and O perates
8 cars.
•
S t. Clair. Also owns the capital stock of th e D etroit A Lake S t. Clair R y.
IC E R S .— P res., A. H . Stcklcr, Phlla.; V .-P ., W . J . Lcscurc; See ;
STOCK AND BONDS— D a t e . I n t e r e s t . O u t s t a n d i n g . M a t u r i t y . W O. SF. FCham
bers,
Doylestown;
Treas.,
H.
G.
Rush,
L
ancaster.—
V. 85, p. 470.
Stock. $2,500,000 ($100)............................................. $2,000,000 ......................
1st m tge, $2,500,000 ($1,000)1 1000 5 g J-J
1.717,000 Jan 11050
cannot be called, gold c * & n Union T ru st Co., D etroit, T rustee.
D U B O IS , P A .
J ln t. a t A m erican E xch. N at. B ank, N . Y.
Bonds.— Of th e new 1st m ortgage, $783,000 Is set aside to retire u nder­
D U B O IS E L E C T R IC & T R A C T IO N C O .— A tr o lle y ro a d a n d e le ctric
lying liens (nam ely the bonds of the R apid R ailw ay and of the City Electric ligh tin g p lan t.
R y. and the P ort H uron S t. Clair A M arine City R y .). Of the $1,717,000
A N IZA TIO N .— Incorporated In New Jersey on Nov. 15 1001 as
bonds reported outstanding, $125,000 were on Deo.i.31 1910 hold in the theO RG
A m erican Town Light Co. and nam e changed later as above. Is a
treasury of th e D etroit U nited.
consolidation of the Du Bols Electric Co. and th e Du Bols T raction Co. V.
76, p. 972. The U nited T raction S treet Ry. (which Is a consolidation
R a p id R a ilw a y .
In 1008 of the U nited T rac. S t. Ry. and U nited T rac. Extension S t. RR.)
BONDS—
D a te . In te r e s t.
O u t s t a n d i n g . M a t u r i t y . w ith $200,000 of 5% bonds and $200,000 stock, which operates a line 14
1st m ortgage. $300,000,1 1805 5 M-S
$300,000 May 1 1015 miles from DuBols to Sykesvllle and Big R un, Is controlled and owned by
($1,000)_______________ c * /In t. a t Finance Co. of P en n a., P hlla., Trustee sam
e Interests th a t control the DuBols El. A T r. Co. Franchises for both
1st C onsolidated m ortgage,! 1806 5 g M-N
$300,000 May 1 1016
railw ay and electric lighting are perpetual and exclusive.
$6 0 0 ,0 0 0 (g o ld )_______ c * /ln t. a t Finance Co. of P en n a.. P hlla., Trustee street
STOCK AND BONDS— D ate. Interest. Outstanding. M aturity.
Of the consol, m ortgage bonds of 1806, $300,000 are reserved to take up Stock,
$300,000 ($100)...................................................... $300,000 .............
the outstanding first m ortgage bonds.
Coll. tr. m tge. $300,000} 1902 5 g M-N
297.000 M ay 1 1932
($500), gold......................c * /In t. a t K nickerbocker T r. Co., N. Y . T ru st.
C it y E le ctric R a ilw a y (o f P o r t H u r o n ).
B
onds.—
No
s.
f.,
b
u
t
subject
to
call
a
t
any
tim
e
a
t 105 and Int.
BONDS—
D a te .
I n te r e s t. O u ts ta n d in g . M a tu r ity
E A R N IN G S.— F or year ending D eo.31 1910, gross, $75,433; net, $35,331:
1st
m ortgage, $200,000.f 1803 6 g M-S
$ 18 0 ,0 0 0 M ar. 11913
flxed charges, $17,000; surplus; $18,331.
gold, $1,000______________ (S ubject to call a t 105 and Int.
lin t, a t H anover N ational B ank, N . Y. City.
D.— O perates 10 miles (Including U nited T rac. S t. Ry.) In D uB ols.
Bonds.—The m ortgage trustee Is th e Union T ru st C om pany of D etroit. andROA
extensions to Fall Creek, Sykesvllle and to Big R un. where connection
s m ade w ith tracks of th e Jefferson T raction Co. S tandard gauge; 60 and
P ort H u ron S t. C lair & M arine C it y R a ilw a y .
70-Ib. girder and T rail.
BONDS—
D a te .
I n te r e s t. O u ts ta n d in g . M a tu r ity
1st m ortgage, g., $300.0001 1000 5 M-S
$3,000 M ar. 1 1920
O FF IC E R S.— P res., A ustin Blakeslec; V .-P ., J . E . Merrls; S ec., J . H .
($500 and $1,000)................./U nion T ru st Co., D etroit, T rustee.
Crl8sman; T reas., B. B. McCrclght. all of Du Bols.— V. 80, p. 1667.
The rem aining $207,000 bonds have been canceled.
D etroit & Lake S t. C lair R y . C o .
D U B U Q U E , IO W A .
Date. Interest. Outstanding. M aturity.
BON DS—
U N IO N E L E C T R IC C O . IN I O W A .— T r o lle y .
1st m ortgage, $400,000 goldl 1000 5 g A -0
$300,000 A pr. 1 1020
O RG A N IZA TIO N .— Incorporated In Iowa In 1000 as a consolidation of
($1,000) ______________ c + lln tercst a t Union T ru st Co.. D etroit, T rustee
Home Electric Co., the Dubuque Street R y. and th e S tar Electrlo Co.,
Bonds.—The bonds are guaranteed, principal and Interest, by th e D etroit the
which constitute the entire electric light and street railw ay properties of tho
A P ort H uron Shore Line R y ., the R apid Railw ay Co. and the D etroit Mt. olty
of D ubuque. Iow a. Franchises m ature 1927.
Clemens A M arine City R y. They are not subject to call. Of the $300,000
STOCK AND BONDS— Date. Interest. Outstandino. M aturity.
reported outstanding, $100,000 were held by the D et. U nit. Dec. 31 1010.
Common
$750,000 ($100)-------------Q-J
$700,000 Ja n . ’12. 1%
RO A D .—T otal D et. A P o rt H uron System , 127.38 miles.
($100) 0% cum ------ ------ m onthly
807,000 See tex t
E A R N IN G S.— Now n<cluded In report of D etroit U nited R y .—V . 77, p. Preferred
F
irst
m
ortgage
$980,000
goldl
1904
5
g
M-N
840.000 M ay I 1024
34; V 84, p. 338.
($1,000) ...............................o -/In t. a t I .. T r. & S av. B k., Chicago. T rustee.







48

[VOL. LXXXXIV.

E L E C T R IC R A IL W A Y S

Rem aining $80,000 bonds reserved for 80% of cost of extcn. and Im pts.,
b u t only In event of Increase of stock, and then to only 2-3 of such Increase;
b u t In no case to bo m ade earlier th an 2 years from d ate of bonds. B onds
subj. to call a t 105 and Int. S inking fu nd of $15,000 per annum began
A pril 30 1908. $60,000 have been retired.
Dividends.—M onthly dlvs. of H % on pref. have been paid since Ju ly
1907. On com ., first d lv., 1% , paid Ju ly 1911; O ct., 1%; In 1912, J a n ., 1.
E A R N IN G S.— For calendar year 1910, gross, $387,387; n et, after taxes,
$133,136. In 1909, gross, $357,905; net, after taxes, $128,183; Int. and
sink, fund, $46,575; dlvs., $43,620; surplus, $37,988.
R O A D .—Owns and operates about 171$ miles of track on 14 H m iles of
street in D ubuque. W est Dubuque and to Union and Nutw ood parks, and
has contract w ith the city for supplying electric lights.
O F F IC E R S .— P res., F. D. S tou t, Chicago; V .-P ., D. D. Myers; Sec. and
T reas., J . R . L indsay, Railw ay Exchange, Chicago; Gen. M gr., P . B . Saw­
yer.— V. 71, p .2 6 4 3 ; V. 84, p. 1553; V. 86, p. 983.

DULUTH, MINN.

D U L U T H — S U P E R IO R T R A C TIO N .— T ro lley .

O R G A N IZA TIO N .— Incorporated In Connecticut In 1897. Owns entire
stock of the D uluth Street R y., the Lakeside Street R y. and the Super
lor R apid T ransit. The corporate existence of the, D uluth S treet Ry
Is m aintained, but all of Its stock ($2 ,0 0 0 000 authorized $1,800 000 out
standing) Is held by the D uluth-Superior T raction. This la tte r com pany
has no bonded debt. The D uluth Street Ry. was organized under A ct
of Minnesota approved Nov. 17 1881 and possesses "an exclusive franchise"
which runs until 1931. See decision w ith regard to franchises In Superior
In V. 80, p. 1911. The D uluth-Superior Bridge between D uluth, M inn., and
Superior, W ls., Is used by the railw ay b u t Is a separate corporation, and has
issued first m ortgage bonds for $650,000 and second m ortgage bonds for
$300,000—see bridge Item s. V. G3, p. 310, 504. In 1903 entered Into
con tract w ith the G reat N orthern Pow er Co. to supply sufficient power to
operate the street railw ays In both cities. Power was being delivered In
1908.
STOCK AND BONDS— Date. Interest. Outstanding. M a tu rity.
Com m on. $3,500,000 ($100)...............
Q-J $3,500,000 J a n ' 1 2 , 1 %
P ref.4 % cum . $1,500,000 ($100)____
Q-J
1.500,000 J a n '1 2. 1 %
D uluth S t. Ry. M., $2,500,0001 1900 5 g MAN 2,500,000 May 11930
gold ($1,000) ................. c * /In t. at Cent T rust Co., N Y .. T rustee.
Dul S t R y gen M $2,500,000.1 1910
5 M-N
557.000 M ay 1 1930
gold ($1,000) sk-fd.......... c * /In t. a t C entral T r. Co., N. Y .. T rustee.
Stock.— Both com. and pref. Is listed on N. Y. Stock Exch. V. 90. p. 848.
Bonds.—The m tge. of 1900 covers all the mileage of the D uluth Street Ry.,
the property of the Lakeside S t. Ry. and of the Superior R apid T ransit
having first been conveyed to the D uluth S t. Ry. The gen. m tge. bonds are
subj. to call on any Int. day a t 105 and Int. Rem aining bonds m ay be
Issued for additions, extensions, &o. The are guar., p. A 1 ., by D ul.-Sup
T ract. Co. V. 90, p. 1296; V. 91. p. 276; V. 92, p. 186.
D ividends.— On the pref. stock 4% p. a. Is being paid. On com ., 1st dlv.
— 1% — O ct. 1909. Sam e am ount quar. to and Incl. Ju ly 1910; In Oct
1910. I H % . Sam e am ount q uar. to and Including Jan . 1912.
R O A D .—T he system em braces 79.95 miles of track and Includes all the
lines In D uluth and Superior. 125 cars.
LA TEST E A R N IN G S.— For 11 m os. ending N ov. 30 1911, gross,
$1,035,254; n et. $470,764; Int. A taxes. $191,121: surplus, $279,643.
R E P O R T .— For calendar years: (R eport for 1910 In V. 92, p. 876 )
Oross
Net Depreci- In t. <fe P f.D iv. Common B at.,
E arns. E arns, atlon. Taxes. (4% ). Dividend. S urv
Year—
$
$
$
$
$
$
$
1910
1,091,582 487,507 54,579 190,779 60,000 (4^)157.500 24 649
1909
997.606 437,795 48,578 172.366 60,000 (2) 70|000 86 851
In 1910 carried 21,624,039 revenue and 4,036,815 transfer passengers
against 19,431,381 revenue and 3,778,780 transfers in 1909.
O F F IC E R S .— P res., C. G. Goodrich; V .-P., A. E . Ames; V .-P. and Gen
M gr., H erbert W arren; Sec. A T reas., S. L . R eichert; A sst. Sec., Edm und
Z acher.— V. 72, p. 183, 627; V. 80, p. 1911; V. 89, p. 285, 666: V. 90. p.
627, 1296; V. 91, p. 211, 276, 654; V. 92. p. 186, 876; V. 93, p. 666.

O F F IC E R S .— Pres. & T reas., Edw ard McDonnell, E ast Liverpool; V .-P ..
C. A . S m ith, Chester, W . Va ; Sec., Geo. H . Faulk; Gen. M gr., W . R . W .
Griffin.— V. 81, p. 1791; V. 82, p. 804; V. 90. p. 1490; V. 93, p. 163.
(2) Steub en ville & E ast Liverpool R ailw ay & L ight Co.

Lease.— Is leased for 999 years to T ri-S tate R y. A Elec. Co. V. 93, p.165O RG A N IZA TIO N .— Incorporated In Ohio April 1906 as successor to
the Steubenville T raction A Light Co., which In Jan. 1901 had taken over
the Steubenville Gas A Electric Co. and the Steubenville T raction Co.
Owns the P leasant H eights line. Light franchises perpetual; street rail­
way franchises expire 1925 to 1928. Bonds listed on the Philadelphia!
Stock Exchange.
STOCK AND BONDS— Date. Interest. Outstanding. M a tu rity.
Stock, $3,000,000 ($ 1 0 0 ).......................................... $3,000,000 . u
First m ortgage, $3,000,000/ 1907 5 J-J
2.210,000
1912
($1.000), g o ld ......................el In t. a t Commercial T rust Co . P hil., Trustee.
Steuben T ract A L t 1st m tge,/ ___ 5 g M-N
790.000 May 11926
$1,000,000 ($1,000), g. c * )In t a t M etropolitan T rust Co. N .Y ., Trus.
Bonds.— Of the new $3,000,000 bonds, $790,000 are reserved to retire
prior liens. C annot be called. Steubenv. Trac. A Light bonds are guaran­
teed, principal and Interest, by American Gas Co.
RO A D .— Owns and operates 41.04 miles of track betw een Steubenville
and W ellsville. 85-lb. rail. 13 closed and 16 open cars. Also electrlollght and gas plants and pleasure park of 85 acres.
O F F IC E R S .— Pres. A Treas . Edw . McDonnell: Sec., Geo. II. Faulk;
Gen. M gr., W . R . W . Griffin.— V. 93. p. 165.
(3) O hio R iver P asseng er R y.
Lease.— Is leased to the T ri-S tate R y. A Elec. Co. for 99 years.
O RG A N IZA TIO N .— Incorporated In Pennsylvania.
STOCK AND BONDS.
Date. Interest. Outstanding. M aturity.
Stock $1,000,000 ($ 5 0 ).. ..................... ................... $1,000,000 ...............
F irst m tge $1,000,000 g o ld ... 1907 5 J-J
1 . 0 0 0 ,0 0 0 Jan
11957
ROA D.— Connects R ochester, Beaver and S m ith ’s F erry, P a. L ength
of line, 22.48 miles.
O FF IC E R S.— Pres, and T reas., Edw . M cDonnell; Sec. and A sst. T reas.,
Geo. II. Faulk, E ast Liverpool.

EASTON, PA.

EASTON CONSOLIDATED ELECTRIC.
On May 1 1004 lease to Lehigh Valley Traction was canceled by ren tals
being In default. See V. 78, p. 1446, 1781. In June 1904 a further Install,
m ent of $5 per share was called on stock. V. 78. p. 2011. 2442. Dividend
paym ents have been: July 1900, 3>4% on $10 paid In; Sept. 1001 and
March and Sept. 1002, 3 % on $15 paid In; March 1903 (paid In July) and
Sept. 1903, 4% on $15 paid In.
In Dec. 1905 declared a dividend of $2 50, and a t sam e tim e called a n
assessm ent of $5 per share on the stock; the dividend was credited on the
assessm ent, m aking th e stock 50% paid in. V. 81. p. 1791. Cash divi­
dends resum ed In O ct. 1906 by the paym ent of 2 4 %. V. 83, d . 687,
2 ^ % again paid April 1 1907 and 2 H % Oct. 1 1007; then dividends were
passed until N ov. 1911, when 2% was paid.
O RG A N IZA TIO N .— Consolidation by stock ownership of the Easton
T ransit Co., the Edison Illum inating Co. of E aston, the Easton Palm er A
Bethlehem S treet R y. Co., the Easton A Bethlehem T ransit Co.. N ortham p­
ton C entral S treet R y. Co. and the Easton A South Bethlehem T ransit Co,
Incorporated in New Jersey M arch 11 1899. Owns all the stock of the P enn.
Motor Co.
Consolidation of Subsidiaries.— On Jan . 3 1908 the (old) E aston T ransit
Co., the Easton A Bethlehem T ransit Co., the Easton Palm ei A Bethlehem
S treet R y. and the N ortham pton C entral Street Ry. were m erged Into the
(new) Easton T ran sit Co. (V. 85. p. 1461), and In 1909 the Easton A South
Bethlehem T rans. Co. was also m erged Into the (new) Easton T ransit Co.
Stock. $2,150,000: all owned by Easton Consolidated Elec.
STOCK AND BO N D S.— Both the stock and the collateral tru st 5s were
In Ja n . 1900 listed on the Philadelphia Stock Exchange.
D ate. Interest. O utstanding. M a tu rity.
Stock $1,500,000 (par $50)......................................_ ._ 5 0 % p d . In N o v ’l l , 2%
Collateral tru st $1,300,000 g/ 1899 5 g M-N
1,240.000 May 1 1949
($1,000 and $500).............c*j Interest a t G irard T rust Co., Phlla., T rustee.
EAST
LIVERPOOL,
OHIO.
Pennsylvania
Motor
Co
1st
M
/
1891
6
A-O
60,000 April 1 1941
TRI-STATE RAILWAY & ELECTRIC CO.
be called)-------------) Lack. T r. A Safe Dep. Co.. S cranton, T ru st.
O R G A N IZ A T IO N .— In c o rp o ra te d In O hio. Is a consolidation of the Eas(cannot
Pal
A
Beth
Elec
1st
gold/
1898
5
J-J
200,000
Jan . 1 1919
following com panies (V. 93, p . 165)
cannot be called) In t. a tU .S . M tge. & T rust Co.. N. Y ., T rust.
Beaver County (Pa.) Light Co.
W ellsburg A W lerton R y. Eas$200,000.
A So B eth T r 1st M $500,-1 1906 5 g J-J
456,000 Ju ly 11936
M idland (Pa.) El. L t. A Power Co. Steubenv.
Co. (W. V a.).
000 guar gold ($1,000) c*)G irard T ru st Co., Philadelphia, Trustee.
S teubenv. A W ellsburg T raction Co. T ri-S tate T raction Co. (W . V a.).
Bonds.-—'T he coll, bonds have no s. f. and are not subj. to caU. Of the
(O hio).
. W ellsb. El.______
L t.,H t.& P____
.C o .(W . V a.).
of $1,300,000, $60,000 Is reserved to retire the Penn. Motor bonds.
Leases for 999 years the E ast Liverpool T raction A Light Co. Accord­ total
Is secured by a pledge of $2,150,000 stock (the entire Issue) of the
ing to term s of lease, pref. shares of E . Llv. T rac. & L t. receive dlvs. only Issue
new) E aston T ransit Co.. 12.322 shares (entire Issue) of Edison Ilium after T ri-S tate R y. A E l. com . has received 6% per annum , after which stock,
2,400 shares (the entire Issue) of Penn M otor stock. In t. on
stocks of leased com panies participate on an agreed basis. Also leases the E aston and
A So. B eth. T ransit bonds Is payable a t office of E dw . B. Sm ith A
Ohio R iver Pass. R y. Co. (Pa.) and the Steubenville & E ast Liverpool R y. Co., Phlla.,
or a t com pany’s office. They are g u ar., p. A 1., by end. by th e
A L t. Co. (Ohio) for 90 yrs. and 999 y rs., respectively, w ith power, subject Easton Consol
Elec. A sinking Jund of $5,000 p. a. commenced Ju ne 1
to conditions expressed In leases, to term inate If so desired. T he com bined 1908; $20,000 have
been retired. Bonds are su bj. to call a t 105 and Int.
com panies own and operate electric railw ays, electric lighting and power V 83, p. 323.
plants along the Ohio R iver In Ohio, Penna. and W est Va. T erritory
LATEST
EA
R
N
IN
S.— For year ending Aug. 31 1911, gross, $441,739;
served extends from W ellsburg, W . V a., up the Ohio R iver to R ochester n et, $185,237; Int. A Gtaxes,
$120,356; renewals and depreciation, $10,927;
and B eaver, P a., a distance or 60 miles. A t Rochester connects with In­ surplus, $53,954.
terurban railw ay to P ittsburgh and a t W ellsburg w ith lines running to
R T .— For calendar years:
W heeling and other W est Va. points. Franchises range from 25 years Cal.R E P OGross
E arn Net Inc. Net Inc. Total E . Bond E xp . A Balance
to perpetual.
E .T ran. E.Tr.Co. Ed.Ill.Co. Con.El. Interest. Taxes, su rp lu s.
In Ju ly 1911 M unicipal A General Securities Co., L td ., London, offered Year—
9 1 0 ____$381,492 $96,661 $28,145 $124,806 $61,850 $8,459
$54,497
a block of 1st M. and coll, tru st bonds a t 95% , w ith a bonus of 20% com. 11909
352,408 72,193 28,302 100.495 61,850 8,215
30,430
stock. V. 93, p. 165. Pref. stock was sold a t $90 per $100 share.
STOCK AND BONDS.
Date. Interest. Outstanding. M aturity.
RO A D .— Em braces practically the entire street railw ay system of E aston,
Common $2,000,000...........................................................$2,000,000
and W est E aston, P a., and Phlllpsburg, N. J ., with lines from Easton to
Pref $1,000,000 ($100) 6 % _ _ _ ....................................
565,000 ...................... B ethlehem , South Bethlehem and N azareth; total track , 53.787 miles.
F irst and coll tru st m tge $2,-1 ____ 6 A-O
668,000 50 y ea rs' O perates through cars from E aston to Bethlehem and South Bethlehem .
500,000 gold sinking fu n d .jln t. a t B ankers T r.C o .,N .Y ..trust.,or Lond.107 cars.
U nderlying bonds (about) ............................................. 1,500,000
O FF IC E R S.— P res., Jos. S. Lovering. Franklin Bank Bldg., Phlla.; 1st
Bonds.— Of the unissued 1st A coll. tr. bonds, $332,000 are for corporate .-P.,
S. I I . H ackett; 2d V .-P., H . R. Fehr; Sec. A T reas., F. A. H azzard;
purposes and $1,500,000 for Im pts., extensions, &c., under certain restric­ AV sst.
Sec. A T reas., S. H . S argent.— V 84, p. 450, 693, 1307; V. 85, p. 283.
tions. Subject to ca»l on or after April 1 1916 a t 105 and Int. on 60 d ay s’
1518; V. 86. p. 602; V. 87, p. 226; V. 88, p. 685; V. 00. p. 607;
notice. Sink, fund of 1% per annum of bonds o ut, begins Dec. 1 1915. 484.1461,
V. 02, p. 794; V. 93. p. 940. 1024.
Bonds are listed on London Stock Exchange. V. 94, p. 69.
EA R N IN G S.— Of com bined properties for cal. year 1910, gross, $647,603;
NORTHAMPTON-EASTON & WASHINGTON TRACTION CO.
net, after taxes. $281,170; interest, $221,023; balance, $60,147.
R G A N IZA TIO N .— Incorp. In 1910 In New Jersey and Is a consolidation
ROA D;—Com bined properties consist of about 115 miles of standard- of Othe
N ortham pton T raction Co. and the Easton A W ashington Traction
gauge single track.
• Co. The
form er was a consolidation of the Easton A N azareth S t. R y.
O FF IC E R S.— P res., J . H . Pardee, New York; V .-P ., E dw ard M. Don­ and the E aston
T atam y A Bangor S t. R y. F ra n c h ise s perpetual.
nell, E ast Liverpool; Sec., Geo. H . F aulk, E ast Liverpool.— V. 93, p. 165­
V. 94, p. 69.
STOCK AND BONDS— D a te . In te re st. O u tsta n d in g . M a tu r ity .
S
to
c
k
$
1
,2
5
0
,0
0
0
( $ 1 0 0 ) ....................................................
$ 1 ,2 5 0 ,0 0 0 .......................
(1) East Liverpool Traction & Light.
North am T r 1st M $400,000) 1903 5 g J-J
$350,000 Jan 1 1933
LEA
SE
.—
Is
leased
to
T
rl-S
tatc
R
y.
A
Elec.
Co.
for
999
years.
V.
93,
gold
__________________
e*
/
In
t.
a
t
N
ortham
pton
T r. Co. (E aston ), T rus.
p. 163.
ash 1st M $5,000,0001 1910
5
550,000 M ay 1 1950
O R G A N IZA TIO N .— Incorporated In Ohio on S ept. 30 1905 and Is a con­ N-Eg ($&W
1 0 0 , $500, $1,000) s fc*JB ankers’ T ru st Co., New Y ork, T rustee.
solidation of the following com panies (see V. 81, p. 1791):
Ceramic City L ight Co.
Glasgow R R .
Bonds.— A sink, fund of 10% of net earns. Is now oper. on N ortham pton
Chester Light A Pow er Co.
Island Run Coal Co.
T rac. bonds, b ut bonds cannot be called. N ortham pton-E aston A W ash.
E ast Liverpool Ry.
Trac. bonds are callable, in whole or In p art, on or after May 1 1915 until
People’s Light A Pow er Co.
E ast Liverpool Bridge Co.
U nited Power Co.
1925 a t 110; thereafter until 1935 a t 107 H ; thereafter until m atu rity a t 106
E ast Liverpool A Rock Springs U nited Power Co.
and Int. R em aining bonds m ay be Issued for extension to H ackcttstow n
S treet R y.
under certain restrictions. Sink. fd. 1% annually of average am ount of all
Wcllsvllle Electric Light Co.
E astern Ohio R R .
bonds o ut from 1915 to 1925; 1 >$% to 1940 and 2% thereafter. Bonds are
STOCK AND BONDS— Date. Interest. Outstanding. M aturity. unconditionally guar., p.& I., by N ortham pton T rac. Co. (V. 92, p. 726).
Common, $2,500 000 ($100)............... ...................... $2,500,000 ........................
EA R N IN G S.— For year end. June 30 1911, gross, $168,365; n et, after
Pref., 5% U.C.. $500,000 ($1 0 0 )____ .................... 500,000 ........................ taxes,
$65,223; Interest, $45,000; surplus, $20,223.
1st m ort , $3,000,000. gold) 1905 5. „g _M-N
2.850,000 Nov. I 1925
RO A D .— O perates 24 miles of track from E aston to N azareth and from
($1,000) — - - - - - ..........- - c /ln t. a t Union T rust Co.. P lttsb .. T rustee.
Easton to B angor, chiefly on private right-of-w ay, and 17 miles of track
E ast Liverpool R y .ls t m tge............... 5%
150,000 June 1 1917 from
Phlllipsburg. N. J ., to P ort M urray, N. J. T otal, 41 miles of track
Bonds.— Of the $3,000,000 1st m tge. of 1905, $150,000 are reserved to
retire like am ount of E ast Liverpool R y. bonds. Are subject to call on any operated. S tan d ard gauge; 65, 70 and 80-lb. steel rail.
Interest date a t 105.
O FF IC E R S.— Pres., Jam es W. Fox; T reas., J.F .M ooney.— V .92,p.726.>
EA R N IN G S.— F or 12 m onths ending Ju ne 30 1910, gross, $324,654; net,
$165,459; interest and taxes, $164,342; surplus, $1,117.
RO A D .— Owns and operates 35.85 miles of track betw een E ast Liverpool
EAST ST. LOUIS, ILL.
and W ellsville. S tandard gauge, 73-lb. girder and T rail. A t Wcllsvllle con­
EAST ST. LOUIS & SUBURBAN CO.—Trolley. (See M a v on page 47.)
nects w ith the Steubenville A E ast L lverp. R y. A L t. Co. and a t E.Liverpool
with the Ohio R iver Pass. R y. By traffic agreem ents with these two com­
G A N IZA TIO N .—Incorp. In N . J . In 1902 and >n April 1906 absorbed
panies operates a through lino betw een Steubenville, O ., and Beaver, P a. theOAR lton
G ranite A S t. L. Co. I t owns all the stock except directors' shares
05
cars.
and all bonds of E ast S t. Louis R y. Co., the S t. L . A E a st S t. L. Elec. Ry.Co.




E L E C T R IC R A IL W A Y S

J a n ., 1912. |

and the E ast S t. Louis & Suburban Ity. Co.; all th e stock of theA lton
G ranite & S t. I.ouls Trac. Co., the Alton Gas & El c. Co. and all the bonds
of the S t. Louis & Belleville Elec. R y. Co.; also all the stock of E ast. S t. L.
L t. A P . Co. of E ast S t. Louis; V. 91, n. 399. These cos. own and operate
all the electric railway lines In E ast S t. Louis and A lton and Interurban lines
to Belleville, Edw ardsvllle, Collinsville, Caseyvlllc, O’Fallon, Lebanon.
Brooklyn. Venice. M adison, G ranite City and A lton, and the only electric
lino across the Eads Bridge—the latter under a 50-ycar exclusive contract
from 1903 to operate cars over this bridge. E ast S t. Louis L t. & I’ow. Co.
does entire electric lighting and power business In E ast S t. Louis and has a
contract w ith the city for m unicipal lighting until 1920. A lton Gas & Elec.
Co. docs entire electric light, power and gas business In A lton and has a
contract for municipal lighting until 1913. Franchises In E ast S t. Louis,
Edw ardsvllle, Collinsville, Caseyvlllc, O 'Fallon, Belleville and Lebanon
expire In 1918 and 1952, with exception of 5 miles In Belleville expiring 1919.
Alton railw ay, clectrlc-Ilght and power franchises expire In 1948: A lton pas
franchise Is perpetual: G ranite City and Madison franchises expire In 1925;
Venice franchise In 1920; Brooklyn franchise In 1921; franchise for county
road crossings In 1925.
Both stock and bonds of the E ast S t. Louis A Suburban Co. have been
listed on the Philadelphia. Louisville, Columbus and S t. Louis stock ex6h.
Of the stocks and bonds owned, the following have been deposited with
the S t. Louis Onion T rust Co. as collateral for the E ast St Louis A Sub­
urban Co. collateral trust bonds. The figures given cover the entire Issues
of bonds and all stock except th a t of S t. Louis A Belleville Elec. R y., 250
shares of E ast S t. Louis A S uburban R y. and shares necessary to qualify
directors; also except $145,000 E ast S t. Louis Light A Power Co. bonds.
Howls.
Stock.
E ast S t. Louis A Suburban Ry. Co.................................$3,834,000 $3,824,300
E ast S t. Louis Rv. Co. ......................
1,799,000 1,805,500
S t. Louis A E ast S t. Louis El. R y. Co........................ 500,000
499.500
S t. Louis A Belleville El Ry Co................................. 750,000
_______
E ast S t. Loul» Light A Power Co.......................... — ..............
733,000
$6,883,000 $6,862,300
The canltallzatlon of the E ast S t. Louis A S uburban Co. Is as follows:
STOCK AND BONDS— Date. Interest. Outstanding. M aturity
Common $7,000,000 ($100).............................................$7,000,000 ......................
Pref $7,000,000 ($100) 5 % l -----Q-F
7.000,000 Feb, ’12,1 M
cum . .......................... - - J
Collateral tru st m ortgage $8.-( 1902 5 g A-O
8,000,000 April 1 1932
000,000 gold ($1.000).__c*{Intercst at S t. Louis U nion T r. Co., T rustee.
I or a t E. VV. Clark A Co., Philadelphia.
A G A St Louis T rac Co lstl 1904 5 g F A
2,263,000 A ug. 1 1944
consol M, $3,000,000 gold lin t, a t Illinois S tate T r. Co., E ast S t. Louis,
($1,000) . .....................c * J Trustee, or a t Morton T rust Co., N. Y.
Alton Ry A Ilium first m tgcf 1895 5 g A-O
250,000 O ct. 1 1915
$250,000 gold ($1.000). .c*l Interest at M anhattan T ru st., N. Y ., Trustee
Alton Ry Gas A Electric Col 1899 5 g A-O
250,000 O ct. 1 1939
m ortgage $500,000 ($1,000) lin t, a t T rust Co. of A m erica. N. Y ., T rustee
gold.......................................c*l No sinking fund; bonds cannot be called.
E ast S t L L t A Pow 1st Ml 1910 5 J-D
145,000 Ju n e 1 1940
gold, guar p A I ($1,000). - J ln t. In S t. Louis.M ercantile T r. Co., S t.L .,tr.
Hands.—Coll. tr. bonds arc redeem able on any Int. d ay a t 105 and Int. on
4 weeks’ notice. See V. 76, p. 382. Of the $500,000 A lton R y., Gas A Elec.
Co. bonds, $250,000 arc reserved for prior liens. $2,263,000 A lt. G ran. A .St.
Louis T rac. 1st consols are outstanding; $500,000 are reserved to take up
prior bonds. The rem aining bonds are for extensions and Im provem ents.
They are also a lien on the property of the Alton Gas A Electric Co., which
was owned by the Alton G ranite A S t. L. Trao. Co., when the m ort. was
m ade. No sinking funds, but bonds are subject to call on any Interest date
a t 110 and Interest upon 90 days’ notice. E ast S t. L . L t. A Pow. bonds are
g uar., p. A 1., by end. by E ast S t. Louis A Sub. Co., callable a t 159 and Int.
en 30 d ay s’ notice. V. 92, p. 1035.
D ividends.—5% per annum has been paid quarterly on preferred since
Its Issue M ay 1 1906 up to and Including F eb. 1 1912.
LA TEST E A R N IN G S.— For 11 mos. ending Nov. 30 1911, gross
$2,076,445; net, after taxes, $891,111; Interest, $501,909; surp. $389,202.
R E P O R T .— For year ending Deo. 31 1910, gross, $2,364,142: net;
$1,140,788; fixed charges, $605,462; pref., d lv., $350,000; surplus, $185,326.
In 1909, gross, $2,035,790; net, $938,553; fixed charges, $587,907; pref. d lv.,
$350,000; surplus, $646.
R O A D .—O perates 185.3 miles of track, Including all the lines In E ast
S t. Louis, Belleville and A lton, a double-track road from E ast St. Louis to
Belleville, a single-track line to O’Fallon and Lebanon, a single-track line to
Edw ardsvllle, and also a single-track line to A lton. H as 159 passenger cars
and 810 coal cars.
O F F IC E R S .— Pres., C. M. Clark; V .-P ., E . W . Clark; Sec. A A sst.
T reas., G. L. Estabrook; T rcas., C A. Pearson Jr.: A sst. Sec , T VV
Gregory. Office of Suburban Co., Cam den. N. J .. operating com pany a t
E ast S t. Louis.— V. 83. p. 271, 687, 969, 1170* V. 87, p. 812. 1089; V
• 0. p. 54; V. 91, p 397; V. 92, p. 1032, 1242.
’

EAU CLAIRE, WIS.

C H IP P E W A V A LLEY R A ILW A Y L IG H T & PO W E R CO.

O RG A N IZA TIO N .— Incorporated In 1898 under the laws of W isconsin.
Owns the Chippewa Valley Elec. R R ., In which the Eau Claire Light A
Power Co. has been m erged. Com pany has surrendered Its Eau Claire
lig h tin g franchise and operates under Indeterm inate perm it as to lltrhtlne.
Still holds r a ilw a y franchise.
On Jan . 11911 acquired the Chippewa Falls W ater-W orks A L tg. Co. and
Issued additional c ap lttl stock therefor. V. 92, p. 186.
STOCK AND BONDS— D a te . In te re st. O u ts ta n d in g . M a tu r ity
Common, $1.500,000 ($100)...................................... $1,100,000 D c c ’10,5%
Pref 7 % cum , $200,000 ($100) ------ 7Q -M
150,000 D ec’l l , 1*4
First m ortgage $2,000,0001 1007
5 J-J
1.300.000 July 1 1024
($1,000) gold......................c* Jln t. a t H arris T r. A S av. B k .. Chicago, T rust
Bonds.—Of the new $2,000,000 bonds, $200,000 m ay bo Issued for 75%
of cost of extension to Menomlnlc; rcm nlndcr can be Issued for 75% of
cost of other perm anent extensions, additions and Im provem ents, provided
net earnings for preceding year have been twice annual Interest charges.
Including Interest on bonds to be Issued. Are subject to call on and after
July 1 1913 at 105 and Interest, $750 prior liens rem ain outstanding, but
as sufficient proceeds have been set aside from sale of outstanding bonds to
retire these, wo om it them from the statem ent. Sinking fund begins 1913.
V. 85. p. 1461.
D iv id e n d s . — Dividends of 194% a™ paid on pref. each q uarterly . On
coin., first d lv .—2% — paid Sept. 1909. In 1910, M ay, 6 94%: Dec., 5% .
EA R N IN G S.— For year ending June 30 1911 duel. C. F . VV. W. A L. Co.)
gross, $320,108; n et, after taxes, $171,501; Interest on bonds, $65,000;
surplus, $106,501.
R O A D .-o p e ra te s 22 94 miles of road In Eau Claire and Chippewa Falls,
Including an Interurban line between them . Owns all the w ater powers
on Red Cedar R iver and does all electric lighting and power business In
E au Claire, Chippewa Falls and M enominee.
O F F IC E R S .—Pres., (). II. Ingram; V .-P., John S, Owen; Sec. and Gen.
M gr., Geo. B. W heeler: T reas.. B. A. ButTlngton: A sst. Mgr. A. E . Pierce
J r .— V. 85, p. 1209, 1461; V. 90, p. 697; V. 91, p. 1327; V. 92, p. 186, 321.

ELMIRA, N. Y.

E LM IR A W A TER L IG H T & R A IL R O A D CO . —Sec under U nited Gas A
Elec.
Co. under L ancaster.

EL PASO, TEXAS.

E L PASO E LE C TR IC CO .—-Incorporated In New Jersey and owns the
securities of the El Paso Lleo. Ity. Co. and the El Paso A Juarez T rac. Co.,
com prising practically all the clectrlo lighting and the entire street railw ay
business of El Paso, T ex., and Juarez, Mexico. Railw ay franchise In El
Paso exolres In 1951; In Juarez In 1988. Lighting franchise In El Paso ex­
pires In 1952; In Juarez In 1915. In 1909 increased pref.from $500,000 to
$1,000,000. V. 90, p. 109. $100,000 com . stock Is owned by P ub Scrv
Inv est. Co.
STOCK AND BONDS— D a te . In te re st. O u ts ta n d in g . M a tu r ity .
Common, $2,000,000 ($100)............... M-S15
$1.000.000 Sept. ’I l 294
Pref $1,000,000 6% n-c ($ 1 0 0 )------ 6 J-J
1.000.000 Jan . 8 ’12 . 3%
Collat trust m tge $1,000,0001 1902 5 g J J
1,000.000 Jan 1 1032
($
1 ,0 0 0 ) gold........................ 0 Jln t a t S tate S treet T rust Co, B oston,Trustee
Notes $500,000 gold ($100,1 1008 6 J-J 15
500.000 Jan 15 1913
$500 and $1,000)................c jln t. a t S tate Street T r.C o ., Boston, Trustee
Notes payable N ov. 30 1911......................................
85,000
.




49

Stock and Bonds.—$500,000 of com. stock Is reserved for conversion of
like am ount of notes.The 1908 notes are convertible a t option of bolder Into
com . stock a t par; can be called on 60 days' notice on any in t. date a t par and
Int. The 1902 coll, tru st bonds cannot be called and no sk. fd.
Dividends.— F irst dlv., 3% on pref. stock, was paid Jan . 12 1903; also 3%
on Ju ly 13 1903; 1904 to 1911, Incl., 6% per ann .; In 1912, Ja n ., 3 % . On
com ., 1st d lv., 2% , M ch. 1910; S ep t., 2; in 1911, M ch., 2 94; S ep t., 2 94.
E A R N IN G S.— Of com bined com panies for 12 m os. ending N ov. 30 1911S
gross, $683,282; net. $295,304; charges, $99,182; surplus. $196,122.
RO A D .— Operates 34.5 miles of track In and between El Paso, T ex.2
and Juarez, Mexico: chiefly 60-lb. T rail; 58 cars; standard gauge.
O FFIC E R S.— Pres., M arshall M. Phlnney; V .-P., Joseph Rem lok; Treas.
H enry B. Sawyer; Sec.. Clem ent R . Ford; M gr., C. W. Kellogg Jr.; Trans.
A gents, Stone A W ebster, B oston.— V. 90, p. 109, 502; V. 92. p. 322;
V. 93, p. 1259.

ERIE, PA.

ERIC TRACTION CO.
ORGANIZATION — Incorporated In Pennsylvania on Anrll 16 1801.
STOCK AND BONDS— Date. Interest. Outstanding. .M aturity.
--------5000,000
Stock, 5000,UU0 (5o0)-------------------1st m ortgage. 5000,000 go!d!1007
5 g J-J
500,000 Ju ly 11929
51,000
50.000 A slO.OOOe’ J ln t. a t Sec. Snv. A T r. Co.. Erie trustee
2 d m ortgage S300.000 g o ld ... 1808
5%
300,000 See tex t
Loans payable J u n e 50 m il . ----__ .
1 6 0 (H)
Bonds.— A sinking fund ot 520 for every 51.000 1st m bond commences
Ju ly 1 1912. Subject to call In entirety after 5 years a t par. The 2nd
m tge. bonds are all held by the stockholders and are being continued and
kept a lh e Indehnltely. although past due.
E A R N IN G S.—For year ending Dec. 31 1910: Gross.. 501.670' net.
526.924: tlxcd charges, 543.022. deilclt. 516,0.'8.
ROA D.—Operates 27 H miles of track from Erie to Edlnboro and Cam­
bridge Sprtngs. S tandard gauge. 60-Ib. and 70-lb. girder and T-rall
O FF IC E R S.—P res., K E. Curt re: V p .. \\m . Spencer; Sec.-T rcas..
Chas. M. H atch. All of E ric. P a .— V. 92. p. 1310.

ESCANABA, MICH.

ESCANABA TRACTION CO.
O R G A N IZA TIO N .— R eorganization In Aug. 1909 of E scanaba Electric
S t. R y. and Escanaba Power Co. Docs electric light and power business in
E scanaba, Gladstone and Wells, Mich. Is allowed to carry freight.
STOCK AND BONDS— Date. Interest. Outstanding. M aturity.
Stock $ 5 0 0 ,0 0 0 ..-................................ ...............
$500,000 ___________
1st A ref m tge $600,000 goldl 1909 5 J -J
250,000 Sec tex t
($1 ,00 0 )...............................c '/ I n t . a t F irst S av. A T ru st Co., M ilwaukee,
Escan Pow Co lstM ;$120,000. . . . .
6%
120,000 J a n . 1 1914
Bonds.—Of 1st A ref. bonds, $125,000 are reserved to retire Escanaba
Power Co. bonds and $225,000 arc for additions and im p’ts a t 80% of cost,
under restrictions. Bonds m ature $10,000 annually from 1914 to 1933 lncl.,
rem ainder In 1934. T hey are subject to call a t 103 and in t. on any Int.
date. M ichigan T rust Co., Grand R apids, trustee. V. 92, p. 1564.
E A R N IN G S.— For year ending April 30 1911, gross, $104,589; n et, after
taxes, $51,234; Interest, $19,700; balance, $31,534.
HOAD.— Owns and operates street railw ay In E scanaba and an Interur­
ban road to G ladstone, which was placed In operation In Ju ly 1910. Powerplan t capacity, 1,300 h. p. Is constructing a new dam on E scanaba R iver,
which will provide 3,000 additional h . p.
O FF IC E R S.— Pres., J . K . Stack; V .-P ., J . C. K irkpatrick; Sec. A Gen.
M gr., F . L . U tley; T reas.. M. N . Sm ith, all of E scanaba.— V. 92, p . 1564.

EUREKA, OAL.

HUMBOLDT TRA NSITCO .
O RG A N IZA TIO N .— Incorporated In California Ju ly 31 1903.
STOCK AND BONDS.
Date. Interest. Outstanding. M aturity.
Stock $1,000,000 ($ 1 0 0 )..__________ __________ $500,000 . .
203.000 O ct 11934
1st m tge $1,000,000 ($1,000)1 ____ 5 g A-O
gold ................................. cA rjU nion T r. Co. of San F ran ., trustee.
Bonds are not subj. to call. A sk. fd. of 2% ot bonds out began O ct. 1910.
E A R N IN G S.— For cal.year 1911, gross, $80,811; in 1910, gross, $83,693.
R O A D .—Comprises 13 miles of track In city of E ureka. 45-60-lb. T-raiis.
O FF IC E R S.— P res., W m . B utterw orth; V .-P., C. P . Pom eroy; Sec. and
T reas., H orace R . H udson; M gr.. M. M. M artin.

EVANSVILLE, IND.

EVANSVILLE & SOUTHERN INDIANA TRACTION C O —Trolley.
ORGANIZATION — Incorporated In Jan . 1907 and Is a consolidation of
the Evansville Elec. Ry. and the Evansville Princeton A Vincennes Inter.
Ry. Franchises expire In 1951 and 1952.
STOCK AND BONDS— Date. Interest. Outstanding. M aturity.
Common. $3,000,000 ($100)...................................... $2,000,000 ......................
Pref. $1,500,000 ($100) 5% cum .............................
1.000,000 ......................
1st con m tge, $4,000,000. g\ 1907 5 g J-J
1,078,000 Jan 1 1937
($1 ,00 0 )..................... .........c* J In t. a t T rust Co. of No. Am ., PhlJa., T rustee.
Evansville El Ry. 1st m tgc.l 1901 4 g M-N
1.200,000 May 1 1921
$1,200,000, gold ($l,000)c* J In t. a t F arm ers’ L. A T r. Co., N . Y.. T rus.
Bvansv A Prince 1st m tge.j 1903 5 g A-O
360,000 April 1 1923
$400,000, gold ($1,000),[in t. a t Clt. Sav. A T r. Co.. Cleve., T rustee.
sinking fund................... cA rj or a t First N ational Bank. New Y ork.
Bonds.— Of the $4,000,000 new bonds, $44,000 are In treasury and $1,­
560,000 are reserved for prior liens. W ere subject to call on any Int. d ate be­
fore Jan . 1 1912 on 60 days' notice a t 105 and Interest. The E vansville A
Princeton first 5s have a sinking fu n d ot $10,000 per annum , which began
April 1 1908, said fund to be Invested In the bonds a t 105 beginning with
No. 1. $40,000 have been redeem ed. W hole Issue of these bonds m ay be
called a t any tim e at 110 and in t. Geo. B. Denison of Cleveland is cotrustec of this m ortgage. E vansv. Elec. R y. bonds cannot be called.
E A R N IN G S.— For year ending Dec. 31 1910, gross, $422,728; net*
$170,720. In 1909, gross, $346,398; n et, 3121,012.
RO A D .—Owns about 65 miles of track In Evansville and between E vans­
ville, Princeton and P atoka. 60, 70 and 75-lb. T-ralls. Also owns park
and pleasure resort.
O FF IC E R S.— P res.. C. M. M urdock; V .-Ps., A. L . K ttselm an and H . W .
M arshall; Sec., W . V. S tuart; T reas., S. T . M urdock; Gen. S u p t., L . C. Shipherd; A ud., J . G. M cKee.— V. 84, p. 158, 339, 1366.
EVANSVILLE RAILW AYS C o 7 ~
A syndicate composed of the principal stockholders of the Evansville
R ys. Co. In May 1910 purchased control of the H enderson (K y.) T rac. Co.
and the Owensboro (Ky.) City R R . V. 90. p. 1362. See statem ents of
two last-nam ed companies on subsequent pages.
O R G A N IZA TIO N .— Incorporated In Indiana In A ugust 1907 to control
the Evansville A E astern Electric R y., the Evansville A M t. V ernon Electric
R y. and the Evansville Term inal R y. Owns all the stock of these three
roads and operates them under lease. In Nov. 1907 authorized $500,000
pref. stock. V. 85, p. 1401.
On Aug. 25 1911 the Evansville Henderson A Owensboro R y. was lncorp.
In Indiana (com. stock au th . and o ut.. $50,000— all owned by E vansv.
R ys.; pref.. $250,000 a u th ., $150,000 out.) to build a line from Evansville
to H enderson and ultim ately to Owensboro. New com pany has leased
6J4 miles of-Ill. Cent, tracks between Evansville and H enderson and will
electrify sam e. Line expected to be In oper. In M ch. 1912. V. 93, p. 730.
STOCK AND BONDS— Date. Interest. Outstanding.
Last D U .
$840,000 ......................
Common, $1,000,000 ($100)......................................
Pref., $500,000. 6% cum ......................
J-J
110.000 ................... Evans A E Elec Ry 1st mort-1 1906 5 g A-O
690,000 April 1 1936
gage, $750,000, gold ($500 Jln t. a t A m erican T ru st A Sav. Co.. Evanaand $1.000)......................_c*J vlUe. or P ittsb u rg h T r. Co.. P lttsb .. Trus.
Evans A M t V Elec R y 1st M .l 1905 5 g A-O
350.000 O ct 1 1925
$350,000, gold ($ l, 0 0 0 )-c * llu t. a t Am er. T r. A S av. Co . Evansv. True.
Svansv. Term R y. 1st m tge)1908
5 J-J
2 9 0 .0 0 0
Jan 1 1939
$300,000 gold ($1,000)— c lln t. at A m .T r. A S av . Co.. Evansville, trust,
gu. p .A I.b y E vans.R ys.C ojand Ills. T r. A Sav. B ank. Chicago.
Stock and Bonds.— Pref. stock can be called any tim e a t par. Of the
Evansville A Eastern Electric R y. bonds, $51,000 are re­
served for extensions aud Im provem ents a t 85% of cost. Axe subject to

50

E L E C T R IC R A IL W A Y S

-call, In whole or In p a rt, a t 105 and Interest on any Interest d ay upon 00
days notice: 52,500 Is payable annually to a sinking fund from 1910 to
920; from 1921 to 1930, $5,000 per annum . S in k , fu n d of $10,500 per
annum began O ct. 1 1910 on E vansv. A M t Ver. Elec. R y., to be Invested
In ten bonds an n . a t 105. Sub. to call a t any Int. period a t 110. E vansv.
T erm . bds. are red. a t 105 and ln t. on any ln t. day a t 60 days’ notice.
Sinking fund begins 1912.
E A R N IN G S.— For year ending Dec. 31 1911 (last half Dec. c st.), gross,
$210,152; n et, $98,565; Int., $66,200; surplus, $32,365. In 1910, gross,
$178,280; n et, $77,651; ln t., $57,350; surplus, $20,301.
R O A D .—The Evansville A E astern road consists of 31 miles of track
from New burgh (from which point It enters Evansville over tracks of the
E vansville T erm inal R y., 10 miles) to G randview , including a 4-mlle brance
to R ichland. The Evansville A M t. Vernon road consists of 20 miles of
track from Evansville to M t. V ernon. T otal length of lines, 61 miles.
B oth roads do a freight business.
O FF IC E R S.— P res., W . H . M cCurdy; V .-P „ W . A . Koch; Sec., O. H .
B attln , T reas., M. S. Sonntag; Gen. M gr., W . A .C arson.—V . 86, p. 1100;
V . 88, p. 505; V. 89, p. 410; V. 90, p. 1362; V. 93, p. 730.
EVAN SVILLE SUBURBAN & NEW BURGH RY.
O R G A N IZA TIO N .— Incorporated in Indiana In Dec. 1888, w ith a per­
petual charter. Passenger business hauled by electricity and freight by
•team . Does a car-lot freight and express business. H as priv ate right-ofway.
STOCK AND BONDS— Date. Interest. O utstanding. M aturity.
Stock, $500,000 ($100)..................................................
$307,400 ......................
1st m ortgage. $500,000, gold) 1904 5 g J -J
497,500 Ju ly 1 1934
($500 and $ 1,0 00 )...........c*}Interest a t Evansville T rust A Sav. Co.,
J T rustee, or N at. B ank of Com merce, N. Y.
Bonds.—A sinking fund of $2,500 per annum com menced July 1 1910,
which will retire bonds a t 105. All or any p art of bonds are redeem able
after 15 years a t 105. $2,500 have been retired.
E A R N IN G S.— For y r. end. Ju ne 30 1911, gross, $119,402; n et, $48,451.
R O A D .—O perates 25 miles of track from Evansville to N ew burgh, w ith
a branch off tne m ain line through Stevens Station and C handler, to Boonvllle; has also 5 miles of side-track; to tal, 30 miles. Gauge 4 ft. 8 H In.
70-lb. T rails.
O FF IC E R S,— P res., F . W . Cook; V .-P. and T reas., Lee Howell; Sec.
and Gen. M gr., Gus M uhlhausen.— V. 83, p. 271.

FAIRMONT, W. VA.

FAIRMONT & CLARKSBURG TRACTION CO.
O RG A N IZA TIO N .— Incorporated In W est Virginia in M ay 1903 and Is
■ uccessor to th e F airm ont A C larksburg Electric R R . Co. Is controlled by
Interests Identified w ith the Consolidation Coal Co. of M aryland and allied
properties. V. 80, p. 600. Does a lighting business in F airm ont, where
both lighting and street railw ay franchises are perpetual; franchise In Clarks
burg 50 years. Owns entire stocks of th e F airm ont A N orthern R y . and
C larksburg A W eston R y., n eith er road having any bonded debt. On
Ju ne 16 1908 stockholders authorized th e issue of $2,500,000 pref. stock
given below. On Feb. 1 1911 took over the Fairm ont & M annlngton T rac.
Co. (17 m iles), and acquired 7,600 shares of stock (76%) and $503,000 of
to tal issue of $600,000 1st M. 5% bonds of said com pany.
STOCK AND BONDS— Date. Interest. Outstanding. M aturity.
Stock. $2,500,000 ($100)............................................. $1,800,000 ......................
Pref, $2,500,000 5% cum ...................
F-A
2,045,300 F e b ’12, 2 M
1st m ortgage. $2,500,000,1 1903 5 g A -0
2.500,000 Oct 1 1938
gold ($1,000)......................c * /In t a t G uaranty T r. Co., N. Y ., T rustee,
Coll. tr. and conv. n otes/ 1911 5 F-A
1,000,000 Feb. 1 1914
($ 1 .0 0 0 )_______ _________c \In t. a t F idelity T ru st Co., B alt., trustee.
Bonds.— Bonds subject to call, beginning O ct. 1 1913, a t 105 and Interest.
L isted on P hlla. Stock E xch. Coll. tr. notes are conv. a t option of holder
Into com . and pref. stocks on basis of 70% of com . a t par and 30% of pref.
a t 85 for each $1,000 note. T hey are secured by deposit of entire outstand ­
ing stocks of Fairm ont A N orthern R y. (5,000 shs.) and C larksburg A Wes­
ton R y . (2,000 shs.); also 7,600 shs. (76%) of stock and $466,000 1st M.
bonds of Fairm ont A M annlngton R R . No furth er funded debt m ay be
placed on the property during the life of these notes. V. 92, p. 526
D ividends.— On p ref., 2
sem l-ann. from F eb. 1 1909 to F eb. 1 1912,
lncl.
.E A R N IN G S.— F or year ending Dec. 31 1911, gross, $742,294; net,
$477,073; charges, taxes, Ac., $199,098; surplus, $277,975.
R O A D .— O perates street railw ays in F airm ont, W . V a., and in Clarks­
burg, W . V a., and an Interurban line of 25 miles connecting the two; w ith
various sm all branch lines; also lines from Fairm ont to M annlngton, 16 m .;
from F airm ont to Falrvlew , 14 m ., and from Clarksburg to B ridgeport,
7.6 m . Extension from C larksburg to W eston, 24 m ., under construction.
7 miles In operation; to tal track in operation, 90 m iles. S tandard gauge,
80-lb. T rail.
O F F IC E R S .— P res., S. L . W atson: V .-P., J . H . W heelw right: Sec. and
T reas., W alton Miller; Gen. M gr., Jas. O. W atson.— V. 87, p. 480, 544;
V . 89, p. 103; V. 00, p. 109, 1044, 1238; V . 92, p. 322, 526.

FARGO, NORTH DAKOTA.

FA RG O & A lOOREHEAD ST R EE T RY . CO .— A trolley road.

In S ept. 1911 II. M. Byllcsby A Co. of Chicago acquired the com pany.
O R G A N IZA TIO N .— Incorporated 1904 in N orth D akota. Stock
$300,000 ($100) Issued. Bonds authorized and outstanding. $200,000
($500) 20-year 5% 1st m tge. and $100,000 ($500) 0% 20-year 2d m tge.;
both Issues due 1925; Int. J-J and subject to call after 5 years a t 105; prin­
cipal and Int. payable In gold, 1st m tge. bonds a t S tate Bank of Chicago,
trustee, 2d m tge. bonds a t N orthw estern T ru st Co., S t. Paul, M inn., trustee.
O perates 13 miles in Fargo, N . D ., and M oorehead, M inn. S tan d ard gauge,
70-lb. T rail.

FISHKILL-ON-THE-HUDSON, N. Y.

F IS H K IL L E LE C TR IC R A IL W A Y CO.— A tro lle y ro a d .

Leases the Citizens’ S t. R R ., L t. & Pow. a t a rental of $8,255 per annum .
STOCK AND BONDS.
Date. Interest. Outstanding. M aturity.
Stock, $50,000..................................................................
$50,000 ......................
F irst m ortgage, $50,000-------- 1895 6 J-J
50,000 Ju ly 1915
E A R N IN G S.— F or year ending Ju n e 30 1011, gross, $53,528; net, $13,­
868; charges, $14,830; dellclt, $968.
R O A D .— Owns 4 4 and leases 3 miles. T otal 7M miles.
O F F IC E R S — Pres., John T . Sm ith; V .-P ., W . J . Conklin; Sec., W . H .
S outhard; T reas., G. W . P atterson

FITCHBURG, MASS.

F IT C H B U R G & LEO M IN STER ST R EE T RY .

In A pril 1905 absorbed the Leom inster Shirley A Ayer Street R y. through
exchange of stock, share for share. V. 80, p. 1478. In Sept. 1907 Mass.
R R . Commission sanctioned Increase In stock from $450,000 to $700,000.
New stock to bo Issued a t 110. Com pany then petitioned Com mission to
allow stock to be Issued a t 100 (V. 85, p. 722), b u t In S ept. 1908 Commis­
sion denied application. V. 87, p. 812.
STO CK , BON DS. ETC.— Date. Interest. Outstanding. M aturity.
Stock $700,000 ($1 0 0 )..................................................
$430,000
See text
Fitch A Leo 1st m tge ($500),1 1897
5 A-O
150,000 April 1 1917
$150,000 ............ ..................c ]In terest a t F irst N ational B ank, Boston.
Fitch A Leo con m tge, $350,-1 1901 4 ^ F-A
150,000 Feb 11921
000 ($1 ,00 0 )____________ /I n t. a t B oston Safe D cp. A T r. Co., T rustee.
L S A A 1st m tge, $100,000, ( 1905 5 g F-A
100,000 Feb 1 1921
gold ($1,000)___________c * iln t. a t Boston Safe D ep. A T r. Co., T rustee.
tG uar, p A 1, by F ltcn . A Leom. S t. Ry.
C urrent liabilities June 30 1911__________________
706,584 ---------------Bonds.— Of the new consol, m tge., $150,000 arc reserved to retire the
1st m tge. a t m aturity.
D ividends.— For m any years up to and Including 1900-01, 8% ; from then
on to 1910-11, 6% per annum .
R O A D .— Owns 40.7 miles of track . R oad extends to Leom inster,
L unenburg, Shirley and Ayer. 27 closed passenger cars, 25 open passenger
cars, 2 express cars and 5 snow plows.
E A R N IN G S.— For years ending Ju n e 30 1911 an d S ept. 30 1910:
1911.
1910.
1911.
1910.
Gross ___________$305,608 $289,982 Dividends p aid
$27,000 $27,000
N e t ................... 114,250 133,363 Balance, surplus
In t., taxes. A c .-- 72,188 91,548 fo rjy car............... 15,0 62H 14,815




[V O L . LXXXX1V.

O FF IC E R S.— P res., S upt. and P urch. A gent, W . W . Sargent; V .-P.;
n . I. W allace; Clerk and Counsel, C. F . Baker; T reas., R . N . W allis, all of
F itchburg.— V. 80, p. 1478; V. 85, p. 468, 722; V. 87, p. 812.

FOND DU LAO, WIS.

E A ST E R N W ISC O N SIN R Y . & L IG H T .— Trolley.
O RG A N IZA TIO N — Incorporated in W isconsin In Sept. 1903 as a con­
solidation of the Fond du Lac S t. R y. A Light Co. and tne Fond du Lac A
Oshkosh E lectric R y. Co. Comprises the entire street railw ay, electric­
lighting and gas p lants in Fond du Lac. Franchises expire In 1951. H as
con tract w ith city of Fond du Lac to light streets, expiring ln l9 1 3 . Owns
all the stock and guar, bonds of the W isconsin Elec. R y. v . 88, p. 1252.
STOCK AND BONDS— Date. Interest. Outstanding. M aturity.
Stock, $500,000 ($100)..................................................
$500,000 .......................
Fond du Lac S t R yA L m tg e ) ____ 5 g J-J
192,500
1920
$250,000 ($1,000), g -_rA c*7lnt. a t F irst Sav. A T r. Co., M llw., T ru stee.
1st m tge, $1,500,000, gold) 1903 5 g A-O
991,000 O ct 11923
($1 ,00 0 )................... ........... c * /In t. a t F irst Sav. A T r. Co., M llw., T rustee.
Bonds.— $137,000 1st M. bonds arc reserved for Im p’ts a t 90% of cost,
$212,000 for prior Hons and $160,000 arc In treasury. Bonds are subject to
call on any ln t. d ate a t 103 and ln t. upon 6 m os.’ notice. The Fond du Lac
S t. R y. A L . bonds cannot bo called. T hey are g uaranteed, p. A I., by the
E astern WIs. R y. A L t. Co.
RO A D .— O perates 25 miles of track In Fond du Lac and betw een Fond
du Lac and Oshkosh. 70-lb. T rails.
E A R N IN G S.— For year ending Ju n e 30 1911, gross, $278,925; n et, $112,­
542; ln t. and taxes, $61,869; surplus, $50,673.
O F F IC E R S .— Pres., Clem ent C. Sm ith; Sec. A T reas., H . F . W hitcom b
Jr.; Gen. M gr., J . P . Pulliam .— V. 87, p. 346; V. 88, p. 1252
(1) W isconsin Electric R y .— A trolley road.
O R G A N IZA TIO N .— Incorporated Aug. 16 1908 in W isconsin and
succeeded th e W innebago T raction Co., sold a t foreclosure Aug. 6 1908,
as per plan In V. 85, p. 655. L atter com pany was a reorganization of
C itizens’ T raction Co. In 1900. E astern W isconsin R y. A L t. Co. owns
stock and guarantees bonds of the W isconsin Elec. R y. V. 88, p. 1255.
Franchises run to 1932.
STOCK AND BONDS— Date. Interest. Outstanding. M aturity.
Stock $350,000 ..................................................................... $350,000 ......................
1st m tge. $1,500,000 goldl 1008
5 F-A
783,000 Aug. 1 1938
($500 and $1.000)_____ cj Interest a t WIs. T rust Co., Mllw., trustee.
Bonds.— Bonds are subject to call a t 105 on 6 m onths notice.
E A R N IN G S.— For year ending Dec. 31 1910, gross, $170,917; n et, after
taxes, $49,230. In 1909, gross, $155,693; n et, after taxes, $41,899.
RO A D .— Owns 46 m iles of road— 18.5 miles in Oshkosh, 26.5 m iles of
Interurban road running from Oshkosh to N eenah and to Omro and 1 m ile
In N eenah.
*
O FF IC E R S.— P res., Clement C. Sm ith; V .-P. A T reas., II. F . W hitcom b
Jr.; Sec., Geo. Allison; Gen. M gr., J . P . P ulliam . Office, O shkosh, W Is.—
V. 87. p. 348, 481; V. 88, p. 1255.

FORT DODGE, IOWA.

FORT DODGE D ES M O IN ES & SO U TH ERN R R .— See "R a ilro a d a n d
In d u stria l" section.

FORT SCOTT, KAN.

T H E FO RT SCOTT GAS & E L E C T R IC CO.

P lan t Is being entirely rebuilt.
O R G A N IZA TIO N .— Incorporated In K ansas In 1900. and Is successor
to the F ort S cott E lectric Light A Power Co., Citizens’ Electric S treet R y ..
F ort Scott Steam H eating Co. and F ort S cott Gas Co. Franchise expires
April 23 1922.
STOCK AND BONDS— Date.
Interest. Outstanding. M aturity.
$350,000
Stock. $350,000 ($100)........................ ...............
. .
___________
1st m ortgage, $250,000, goldl 1903 5 g A-O
18 5,000 April 1 1922
($500). sinking fu n d ____c * ]In t. a t Chicago T itle A T rust Co., T rustee.
New m ortgage $350,0001 ____
6%
289,000 ......................
($5 0 0 )_________________ _ J ln t. a t V andevcnter T ru st Co., S t. Louis, Mo.
Bonds.— Of the $250,000 1st M. au th ., $50,000 are reserved for extensions
and $15,000 have been retired. The following am ounts arc payable annually
to a sinking fu n d ' In 1908 and 1909, $3,500 per annum ; in 1910 and 1911,
$4,000 per annum ; in 1912 and 1913, $4,500 per annum ; In 1914 and 1916,
$6,000 per annum ; in 1916 and 1917, $7,000 per annum ; and from 1918 to
1921 Inclusive, $10,000 per annum .
E A R N IN G S.— For calendar year 1910, gross, $65,000; n et, $33,000.
RO A D .— 7 miles of track In F ort S cott. Gauge, 4 ft.: 45 to 80 lb. T rails.
O FFIC E R S.— P res., J . E . M cK inney. S t. Louis; V .-P ., R . E . L . W inter,
S t. Louis; Sec .-Treas. A Gen. M gr., F . D. M artin, F t. S co tt.— V .7 7,p.1294.

FORT SMITH, ARK.

FO RT SM ITH L IG H T & TRA CTIO N CO.

S tandard Gas A Elec. Co. (V. 93, p. 1327) owns $949,900 com ., $573,700
pref. stock and $100,000 1st M. bonds of the com pany.
O R G A N IZA TIO N .— Incorporated In A rkansas on April 13 1903 as a con­
solidation of the F t. Sm ith-V an Buren Light A T ran sit Co. and th e F t. Sm ith
T rac., L t. A Pow. Co. Owns entire stock of V an Buren Fuel A L ight Co.
Docs the entire electric-light, gas and street railw ay business of the city and
the electric-light and gas business of Van B uren. S treet railw ay, gas and
cicctric-llght franchises In F t. Sm ith explro In 1955. Gas and electric-light
franchises in Van B uren expire in 1957.
STOCK AND BONDS— D ate. Interest. Outstanding. M aturity.
Common. $1,500,000 ($100)............... ..............
$950,000 .......................
Pref. $5,000,000 ($100) 7 % c u m ____
Q-J 15
1,130,000 J a n .’12, 1 «
F irst m ortgage $6,000,000 g / 1911
5 g M-S
2,645,000 Mch 1 1936
s f ($500 and $1,000)____c* { ln t. a t Illinois T ru st A Savings B ank, Chic.,
I trustee, or a t agency of co . In N . Y . or B os.
Stock and Bonds.— Pref. stock Is red. a t any tim e after 3 years from Issue
a t 110 and accrued dlv. Rem aining 1st M. bonds can only be Issued for
75% of cost of additions, Im provem ents and extensions under certain re­
strictions. See V. 92, p. 956. SubJ. to call as a whole or In p art on any
Int. day a t 105 and Int. Cash sink. fd. 1% yearly 1914 and 1915, 1 W%
yearly 1916 to 1918, 2% yearly 1919 to 1923, and such am ounts thereafter
as by Ju ly 1 1935 will m ake total sk. fd. 40% of bonds certified. V .92,p.956.
Dividends.— Pref. Is cum . from Ja n . 1 1912. 1st dlv. on pref.— 1 v i% —
paid April 15 1910; Ju ly , 1 H % \ O ct.. 1 H % and l% % q uar. since to and
Including Jan . 1912.
„
EA R N IN G S.— For year ending N ov. 30 1911, gross, $542,541; net,
$233,695; Interest, $134,520: dividends, $69,594; surplus, $29,581.
RO A D .— Owns and operates 19.8 miles of track on 12 miles of streets In
F t. Sm ith and suburbs. S tandard gauge, 56-lb. and 60-lb. T rail. 46 cars.
Owns a park of 110 acres. Also gas works for distributing natural and a rti­
ficial gas, w ith 65.7 miles of m ains; and electric pow er and lighting plant—
generating capacity, 4,600 horse power and pole line of about 110 miles.
O FF IC E R S.— Pres., A. S. H uey; V .-P ., II. M. Byllcsby; Sec., Jas.
Brlzzolara; Gen. Mgr and T reas., J . W . G illette; A m i., N . I. G arrison;
M grs., H . M. Byllcsby A Co., Inc.— V. 83, p. 213; V. 88, p. 505: V. 90.
p. 236, 303, 372, 914; V. 92, p. 881, 956, 1032, 1178, 1636.

FORT WAYNE, IND.

FT. W A Y N E & N ORTHERN IN D IA N A TRA CTIO N CO.— A tro lley ro a d .

Controlled by the sam e Interests as the Indiana Union iraotlon, th e Ohio
Electric R y. and the Terre H aute Indianapolis A E astern.
O RG A N IZA TIO N .— Incorporated In Indiana In Feb. 1911 to take over
the F t. W ayne A W abash Valley T rac. Co. per plan in V. 92, p. 394. 594.
The F t. W ayne A W abash Valley T raction Co. had previously acquired
through consolidation or purchase tho following companies:
F t. W ayne Eleo. L t. A Power Co.
L ogansport Railw ay Co.
F t. W ayne A Southw estern T raction Co.
Logans. Rooh. A N or. T r. Co.
F t. W ayne T raction Co.
W abash Logansport T rac. Co.
L afayette S treet R y.
W abash R iver T raction Co.
Owns entire capital stock, both com . and pref., of the F t. W ayne Bluffton
A M arlon T raction Co. and entire capital stock ($500,000) of L afayette A
Logansport T raction Co., which see below. Furnishes electric light In F t.
W ayne, R oanoke and Delphi; M unicipal franchises extend to 1935 and
1991, except in F t. W ayne, which for more than *4 of street railw ay are
tho balance being for outlying extensions and extending to 1937
Eerpctual,
lgntlng franchise In F t. W ayne extends to 1935.

J an ., 1912. J

E L E C T R IC R A IL W A Y S

51,000,000 com ., 51.000,000 pref. and 51.000,000 1st and ref. bonds of
th e F t. W ayne & Nor. Ind T rac. were issued for 51.500,000 new cash.
H olders of F t. W ayne & W abash Valiev com . received only 44.44% In the
com . stock of the F t. W ayne & N or. Indiana T rac.; holders of pref. received
5 for 5, b u t had to pay 517 50 per share In cash.
STOCK AND BONDS—
Date. Interest. Outstanding. M aturity.
Com m on, 54,000,000 (5100'............... .................... 54,000,000 ___________
P ref.0% oum .,154.000.000(5100)____
Q-M
2,500,000 Dco.’l l , 1 Vi
1st A ref. m tge, 515,000,000._ 1011
5%
1.092.000 M ch 1 1031
F t W & W Val T r 1st cons Mf 1004 5 g M-S 6,060,000 Mch 1 1034
57.500.000. gold (51,000)c * lin t, a t T r. Co. of No. Am erica, P hlla., tru st.
F t W & W Val T r car trust) 1000 5 g M-S
60,000 Sec text
Scr " A " 5100,OOOg(51,000) [In terest a t F idelity T ru st Co., Philadelphia,
guar p & I (end).................c* J T rustee.
W abash Rlv T r Co 1st m tg c ,' 1001 5 g F-A
1031
275,000
5350,000 H’r(51.000),
t. a t N . H aven
N . nnn
H aven, T rustee
tlg ----c
Knn *. ]In
I 1onn
A T r. Co., 20,000
F t■ IVoirnn
W ayne T r nitirn
m tgo 51,500,-j
1800 4A g.. A-O
Oct 1 1030
000, gold (51.000)--------- c*1 ln t. at G uard. T rust Co., Cleveland, T rustee.
L afayette S t Ry 1st intgef 1803
6 J-D
225,000 June 1 1015
(51.000 each), 5225.OOO.c*!Int. a t Real E state T rust Co.. P hlla., T rustee
57,700 Nov 1 1037
F t W Pow er Co m tgc...............J 1007 5 M-N
li n t , a t G uar. T r. & S. D. Co., P hlla., T rustee
Bonds.— Of th e 1st & ref. intge., 58.807,000 are reserved to retire under­
lying bonds and rem ainder for acquisitions, extensions and additions. Of
th e F t. W ayne & W ab. Val. consol, m tge. for 57,500,000, 5534,000 are re­
served to retire underlying liens. See V. 78, p. 2011. In addition to
bonds noted above, there are 53,500 lost bonds of the Logansport Ry. out­
standing, due S ept. 1 1929. The F t. W . «& W . V. consols of 1904 are not
su bject to call before m atu rity . They are listed on Phlla. Stock E xch. The
W ab. R lv. T rac. Co. 5s of 1901 are subj. to call a t any tim e a t 105 & ln t.
Car trusts m ature 55,000 s.-a. lnnum crlcal order to S ept. 1 1919 Inclusive.
T hey are a first lieu on 36 cars. T hey were g uar., p.& 1., by end. by F t.
W ayne & W abash Val. T rac. Co.
Dividends.— On pref., IM % quar. since organization.
RO A D .— O perates 209 m .m ain track connecting F t. W ayne, H untington,
W abash. P eru, L ogansport, Delphi, L afayette and Blulfton; also local lines
in F t. W ayne, W abash, P eru, Logansport and L afayette. T otal track,
220 m iles. A t L ogansport, P eru, W abash and B lullton connection Is
m ade for Indianapolis over tracks of Indiana Union T raction Co. In May
1906 began through service betw een F t. W ayne and Indianapolis over
tracks of Indiana Union T raction Co. Sec V.82, p. 1101. R ails,6 0 ,7 0 ,72.80
an d 90-lb. Owns 3 power houses and 4 pleasure parks. Owns 183 pass,
cars and 60 other cars. Controls entire electric light and power business of
F t. W ayne.
R E P O R T .— F or F t. W ayno & W ab. Val. T rac. for cal. years end. Dec. 31:
1910.
1909.
1908.
1907.
Revenue passengers____ 15,886,001 14.870,743 13,744,668
(?)
Gross e a rn in g s.....................51.526,587 51.414,526 51.322,635 51,283,722
O perating expenses............ 840,851
821,723
737,134
746,036
- 5685,736
5592,803
5585,501
5537,686
O ther lncom c.
85
59
. 5685,736
5592,803
5585,586
5537,745
. 544,832
521,350
488,756
427,315
- 5140,904
596,830 5110.430
571,453
O FF IC E R S.— Pres., J . Levering Jones, Phlla.; V .-Ps., R ob t. W . W at­
son, New York; V .-P. & T rcas., H enry C. P aul, F t. W ayne; Bee., H enry
R ainey, P hlla.— V. 92, p. 594. 794.
(1) Ft. Wayne Bluffton & Marion Traction Co.— A trolley road.
O RG A N IZA TIO N .— Incorp. In April 1905. Stock, both com . and pref.,
all owned by F t. W ayne & N orth. Ind. T raction Co., which guarantees the
bonds, p. & I. Is leased to guarantor for 99 years. Franchise In F t. W ayne
35 years; In Blulfton and Osslan 50 years; others perpetual.
STOCK AND BONDS— Date. Interest. Outstanding. M aturity.
Common, 5300,000_______ ___ _____ _______
See te x t ___________
Preferred 5250,000.......................................................
See te x t............................
1st m tgo, 5400,000. gold! 1905 5 g J-J
5400.000 Ju ly 1 1935
( 5 1 .0 0 0 ) , guar ......................jl n t . a t G uar.T r. & S. D. Co., P h lla., T rustee
R O A D .—Comprises 23 miles of track betw een F t. W ayne and B lullton.
70-lb. rails.— V. 81, p. 507.

(2) Lafayette & Logansport Traction Co.

51

D ividends.— F irst dlv. on pref., 1% . paid M ch. 1 1906, and 2% was paid
Sept. 1 1906; 1907 to 1911, in cl.,6% per annum . F irst dlv. on com ., 2% ,
paid Sept. 1 1909; in 1910, M ch.. 2% ; Ju n e, 1 Vi% \ S ep t., 1 Vi% \ Dec..
l *t% ; Ju ne. i y 2%; S ept., 1 Vi%; D ec.. lV i% .
R E P O R T .— Of the com bined com panies for 12 m onths ending N ov. 30
iOll.CTOss, 51.607,689; net. 5774,909; charges, 5294,877; su rp ., $480,032.
O FF IC E R S.— Pres., M arshall M. Phinney; V .-P., W ilbur A . C arter;
Sec., Clement R . Ford; T reas., H enry B. Sawyer; Gen. M grs., Stone A
W ebster M gt. A ssn., B oston.— V. 89, p . 411; V. 90, p . 373, 1239; V . 92.
p. 660, 1243.
.
(1) N orthern T ex as T ractio n Co.— A tro lley ro a d .

O RG A N IZA TIO N .— This was form erly the F ort W orth S treet R ailw ay
Co., chartered by th e Texas Legislature In 1874 for 100 years. In 1901
application for am endm ent to charter was granted, changing Its nam e to
the N orthern Texas T raction Co. The T raction Co. then purchased the
City Ry*. and In 1901 obtained legislative perm ission to extend Its road from
F ort W orth to D allas, a distance of 30 miles. In 1902 purchased the Dallas
A O ak Clllf Electric R y. and redeem ed th a t com pany’s bonds; also acquired
the Glen wood A Polytechnic College S treet R y. .Franchises In F ort W orth
expire In 1973; in Dallas In 1945 and 1920; others betw een 1945 and 1950;
has private righ t of way outside of cities.
On Ju ly 1 1911 acquired the railw ay p roperty of th e C itizens' R y . A L t.
Co. sold a t foreclosure. V. 93, p . 164.
STO C K A N D BO N D S— D a te . In te r e s t. O u ts ta n d in g . M a tu r ity .
Stock 54,500,000 (5100)--------- -------Q -F
53,487,000
F irst m ortgage 52,500,0001 1903 5 g J -J
2.500,000 J a n . l " l 933
(51,000) gold—no sinking lin t, a t Citizens’ Sav. A T r. Co., C leve., True.
fund - - - - - - - - - - -- - - -c* J or a t G uaranty T ru st Co., New Y ork.
Bonds.— First m tge. bonds are subject to call as a whole on Ja n . 1 1913
and on any Interest d ate after 1913 a t 105 and Interest.
M A D 'A N D E Q U IPM E N T .— Owns and operates 102.3 m iles of track In
F t. W orth and D allas, including an lnterurban line of 33 miles, betw een
Dallas and F t. W orth and extensions to A rlington H eights and Rosen
H eights. City line tracks. 60 to 85-lb. rails. F or ln teru rb an use 70-lb
T rails; stan d ard gauge.— V. 90, p. 628; V. 93, p. 164.
Fr e d e r ic k

FREDERICK, MARYLAND.

r a il r o a d .

O RG A N IZA TIO N .— Incorporated Dec. 7 1909 as a consolidation of the
Frederick A M iddletown H R ., the Jefferson A Braddocks H eights R R . and
th e W ashington Frederick A G ettysburg R y. Also assum ed lease of the
Myer8vllle A Catoctln Electric R R ., expiring F eb. 1 1914 (for term s of lease
8ee V. 73, p. 287). V. 89, p. 1667.
In 1910 acquired practically all the com . and pref. stock of Frederick
Gas A Elec. Co. (all of whose bonds Frederick R R . now guars, p . A 1.). and
Issued 540,000 additional pref. stock to pay for sam e. V. 91, p. 1446.
STOCK AND BONDS.— D a te . In te r e s t. O u ts ta n d in g . M a tu r ity .
Common 51.250.000_______________ _______ _
650.000 ......................
Preferred 5250,000 6% cum ........................................ ..
180,000 No dlv. yet
F irst and refunding m tge 5 1 , 1 9 1 0 5 g M-S
190,000 Mch 1 1960
500.000 gold (51.000)--------/F id e lity T rust Co., B altim ore, T rustee.
Fred A M iddletown ffrst m tge! 1906 5 g J-J
250,000
1936
5250.000 gold (51.000)— cjF ld ellty T ru st Co., B altim ore, T rustee.
Fred Gas A Elec 1st M 5200.-) 1904 5 J-J
181,500 Ju ly 1 1929
000 g (5500A51.000) g,pA I, ^Interest a t W est E nd T ru st Co., Phlladelby Fred RR; not sub to callj phla, trustee.
Bonds.—5250,000 1st A ref. bonds are reserved to retire like am o u n t of
prior liens. Bonds are subj. to call as a whole on any ln t. d ate a t 105. In t.
Is payable a t com pany’s office In Frederick. F red. A M ldd. bonds aro su bj.
to call a t 105 on any Int. date.
EA R N IN G S,-—F or year end. Dec. 31 1910, gross, 593.795; n et, 525,865.
,
A.D -—O perates from Frederick through B raddock H eights and
M iddletown to M yersvllle, 14.5 miles; from Frederick to T hurm ont, 18 m *
and from Braddock H eights to Jefferson, 4.5 m . T otal, 37 miles An
extension from T hurm ont to E m m lttsburg and thence to G ettysburg is
proposed, and probably also from Jefferson to B runswick.
O FF IC E R S.— Pres.. E m ory L . Cobentz; V .-P., D r. Franklin B. Sm ith;
T reas., Thom as H . H aller; Sec., Charles C. W aters. V. 89, p. 1667* V 90
P 1296; V. 91, p . 1446; V. 93, p . 730.
*

FREEPORT, ILL.

FR E E P O R T R A IL W A Y & L IG H T CO.

O RG A N IZA TIO N .—Incorp. In Illinois on A ug. 20 1910 as a consolida­
tion of the Freeport R y. L ight A Pow er Co. and the F reeport R y. A L ight
Co. (the holding com pany).
Franchises expire M arch 1 1923. H as traffic arrangem ent for 50 years
w ith the Rockford A ln teru rb an R y. Co., allowing cars of th a t com pany
to enter Freeport. Also has contract for city lighting.
STOCK AND BONDS— D a te . In te r e s t. O u ts ta n d in g . M a tu r ity .
Common 5850,000 ............................... .. .................... 5700,000
Pref. 5400,000 5% n o n -c u m _ _ ....................................
150,000
"
F reeport Ry L t A P 1st m tge/ 1903 5 g M-N
335.000
See te x t
5350.000 g (51,000)------c*l American T r A Sav. B k., Chicago, trustees.
Frccp R y A L t m tge 52.000.-( 1910 5 M-N
425,000 Nov 11935
000 g (5100, 5500 A 51.000) i In t. a t Cont. A Comm. T r. A S .B ., C h.,trust.
B onds.— In t. on F . R . L . A P . bonds Is payable a t offices of R udolph
K lcybolte Co., In c., In N . Y .. CIn. and Chic. Are subj. to call after M ay 1
1913 by lot a t 105 A ln t. 515.000 have been retired. M aturity of bonds Is as
follows: 55,000 due In each of th e years 1910, 1912 and 1913 and 55,000 an­
nually from 1915 to 1921 Incl., the rem ainder In 1922. A s k .fd . provides for
th e paym ent of 52,000 per ann. for first 10 years and 55,000 per ann. there­
after. O f the Frccp. R y. A L t. bonds, 5350,000 are reserved for prior liens .
T hey are subj. to call a t 102 Vi on 30 days’ notice in 1915. S k. fund begins
In 1915. V. 91, p. 716.
EA R N IN G S.— For cal. year 1910, gross, 5100,292; n et, 535.394.
R O A D .—O perates 9 m . of track: 60 and 90-lb. T rail. S tandard gauge.
O FFIC E R S.— Pres., A. J . G oddard, Freeport: V .-P ., Chas. E . G regory,
Chicago; S cc.,T . II. H ollister, Freeport; T reas., Fred D orm an, F reep ort.—
V. 91, p. 716.

O RG A N IZA TIO N .— Incorporated In 1906 In Indiana. All th e stock
Is owned by F ort W ayne & N orthern Indiana T raction Co., which guaran­
tees the bonds, principal and Interest. N early all private right of way
franchise In L afayette, 50 years; In L ogansport, 92 years; others perpetual.
STOCK AND BONDS— Date. Interest. Outstanding. M aturity.
S tock 5500,000..................— All owned by F t. W ayne & N . Ind . T rac. Co.—
F irst m ortge. 51.000,000 gold l 1906 5 g J-D
849,000 Ju ne 1 1936
(51.000) guar. prl. & ln t. c * jln t. a t G uar. T r. & S. D . C o.‘P hlla., Trustee.
Bonds.— M ortgage has been closed. No more bonds can be issued.
R O A D .—O perates 35 yK m iles of track from L afayette, via D elphi t2
Logansport. 70-lb. rails. W as com pleted Ju ly 1 1907. V. 88, p. 375.
FORT WAYNE & SP R IN G F I eT iT r AILW AY CO.—A trolley road.
O RG A N IZA TIO N .— Incorporated Ju ly 2 1903 In Ind iana. V. 86, p.1042.
P rivate right of way betw een F t. W ayno and D ecatur. Franchise for 50
years In D ecatur, 28 years In F t. W ayne. See V. 89, p. 162.
STOCK AND BONDS— Date. Interest. Outstanding. M aturity.
Common 51.000,000 (5100).................
F-A
5676,300 Sec earnings
F irst m ortgage 51,000,000 g \ 1910 5 g A-O
209,000 April 1 1930
(5500) ................................. cM In t. a t Cleveland T rust Co.. Clove.,Trustee
Bonds.—Arc subject to call a t 105 on any Interest d ay.
Dividends.— In 1007, 2% ; In 1908, 4% ; In 1909, 4% ; In 1910, (?).
E A R N IN G S.— For year ending Dec. 31 1910, gross, 570,284; n et, 532,­
429; ln t. and taxes, 55,124; dividend, 512,317; surplus, 514,988.
RO A D .—O perates 21.6 miles between D ecatur and F t. W ayne. T otal
track 23.7 miles. 70-lb. T rail; gauge 4 ft. 8V$ In. An extension from
FRESNO, CAL.
D ecatur to Berne (12 miles) Is being constructed.
FRESN O TRA CTIO N CO.— A trolley ro a d .
O FF IC E R S.— Pres. & M gr., W . H . Flcddcrjohann; V .-P , B. A. FlcdderIn 1910 Southern Pacific assum ed control.
Johann; Sec., John H . Koenig; T rcas., Chas. D lrkson.— V. 86, p . 1042;
O RG A N IZA TIO N .— Incorp. in California In 1903 to build 196 m . of elec­
V . 89, p. 162; V. 00, p. 1101.
tric railw ay. Including lines from Fresno to W aw ona, 79 m .; Fresno to Selm a,
Fresno to T rim m er’s Springs and Fresno to C entral and W ashington Col­
onics*
in 1904 a u th . a m tge. to secure 55.000,000 bonds.
FORT WORTH, TEXAS.
V. fO, p.Stockholders
lwu Z•
NORTHERN TEXAS ELECTRIC CO—A holding com pany.
“ TOC I-----STOCK
AND BONDS— Date.
In te re st. O u tsta n d in g . M a tu r ity .
55,000,000 .................................
55.000.000 ......................
O R G A N IZA TIO N .— Incorporated In M aine N ov. 16 1905 and owns tho Stock.
M ortgage, 55,000,000................. 1904 ....................
entire stock of the N orthern Texas Traction Co. Sec V. 89, p. 411.
fi5%
58.000 Ju ly 1 1944
In M arch 1011 Increased pref. stock from 52,500,000 to 53,500,000. Fresno City R y first m tgef 1902
5150,000 gold'(5i,060)._c*tU nIon Trus*t Co., San F ra n ’.? T ru ste e .1
V. 92, p. 660. 5350,000 com. stock Is owned by P ub . Serv. Investm ent Co.
Bonds.— Fresno City bonds have a sinking fund of 53,000 per annum for
On Ju ne 29 1911 the F t. W orth Southern T rac. Co. was Incorp. In Texas
(au th . stock 51,500,000, o u t., 51,000,000— all owned by N orthern Texas first 2 years, 55.000 per annum for next 5 years and 57,500 per annum for
Elec. C o .),to own and operate an lnterurban railw ay about 30 miles be­ next 10 years, com mencing Jan . 1 1905. Bonds cannot be called. In ­
tw een F t. W orth and Cleburne. V 92, p. 1243. In M ay 1911 3-ycar terest payable In New York and San Francisco.
R O A D .— Including the old Fresno City R y. (which the Fresno T raction
notes of Nor. Texas Elec. Co., secured by a 1st m tgc. on F t. W orth Sou.
operates under lease), has 31 miles of track in and about Fresno. S tandard
T rao., were sold.
gauge,
75-lb. T rail.
STOCK AND BONDS— Date. Interest. Outstanding. Last D U .
O FF IC E R S.— Pres., W . F . H errin; Sec., F . C. A m brldge, Fresno; Gen.
Q-M
52,500.000 D ec.’l l . IK M gr.,
Common 52.500,000 (5100)— -----F . W . W ebster.— V. 76. p. 1192; V. 77, p. 1746; V. 78. p. 1222.
Pref 6% n-c 53.500,000 (5100) _
M A S 3.484,500 S ept.T 1 .3%
Coll trust M 5 1 0 ,0 0 0 ,0 0 0 gold! 1910 5 g J-J
1,980.000 Jan 1 1940
sink fund (see text) _.c* &r* J ln t. a t Com monwealth T r. Co., B os.,Trustee
GADSDEN, ALA.
F t W orth Sou T raction notes! 1911 5 g M-N
1,000,000 May 1 1914
ALABAM A CITY G A DSD EN & A TTA LLA RY .
51,000,000 (51.000)------c* J ln t. a t New E ng. T rust Co., Boston, T rustee.
G A N IZA TIO N .— Incorporated under a special charter from th e S tate
Stock.—The pref. stock Is redeem able a t 110. Both classes of stock are of OARlabam
a. O perates, besides street railw ay, a light p lan t, an ice p lan t
listed on tho Boston Stock Exchange.
a coal yard.
Bonds.—Of tho collateral trust bonds, 52,500,000 arc reserved to re­ andSTOCK
AND BONDS— D a te . In te re st. O u ts ta n d in g . M a tu r ity
tire N orthern Texas T raction first m ortgage bonds and 55,061,000
5500,000 (5100)...................................................... 5330.000
’
are for acquisitions, Im provem ents, extensions, Ac., a t 80% of cost* Stock
m ortgage 5300.000 gold/ 1906 5 g M-N
298.000 Nov." 1*1930
5439,000 are In the treasury and 520,000 have been retired. Coupon bonds New
(51,000)..........
.........................l
Interest
a
t
T
ru
st
Co.
of
A
m
cr..
N
.
Y
..
T
rust
arc In denom ination of 51,000: rcgls bonds, 51.000, 55,000 and 510,000.
B o n d s . — The unissued bonds are reserved for furth er additions a t 80%
Callable as a whole or In p art, for s. f only, a t 105 and ln t. on any ln t. date.
New bonds are subject to call on any Interest date a t 105.
Sinking fu n d of 1% of bonds o ut begins not later th an Nov. l 1911. Bonds of Rcost.
.— O perates 11 miles of track , connecting the points nam ed In the
aro secured by deposit of all tho stock of tho Nor. Texas Trao. Co. V. 90, title.O ASDtandard
40-lb. T rail. An extension of 5 miles to Noccalula
n. 373, 1239. F t. W orth Sou. T rac. notes are a direct obligation of tho Falls was built, bgauge.
ot now in operation. E arly in 1910 began operating
N orthern Texas Elec., b u t w ith a 1st m tgo. on tho F t. W orth Sou. Traction* a 2-mlle extensionu ttoIs pn lan
Southern Iron <5c Steel Co
they are callable as a whole, b u t not In p art, a t any tim e on 60 days’ notice’ O FF IC E R S.— Pres., G. tHof. Schuler,
Birm ingham ; V .-P. & T reas.. E . T .
a t 101 and ln t. V. 92, p . 1 2 4 3 ..................................................................
Schuler, G adsden.— V. 83, p. 817.
............................




E L E C T R IC R A IL W A Y S

52
GAINESVILLE, GA.

G A IN E S V IL L E R A IL W A Y & PO W ER CO.

O R G A N IZA TIO N .— Incorporated In Georgia In Ju ly 1909. Ia successor
to the Gainesville Electric R y., sold a t foreclosure. V. 89. p. 103.
STOCK AND BONDS— Date. Interest. Outstanding. M aturity.
Stock $150,000 ($100) .................................................... $130,500 ......................
M ortgage $150,000 gold
1 1909 6 g J-J
130,500 Ja n . 1 1930
($500) ...............- ................c * /In t.a t C en t.B k .A T r.C orp.,A tlanta,G a.,trus.
Bonds.— R em aining bonds are for extensions and betterm ents. Subject
to call after 1914 a t 105.
R O A D .— O perates 6 miles between Gainesville and New H olland and to
C hattahoochee P ark. S tandard gauge. 70-lb. T rail.
O F F IC E R S .— Pres., A. G. Sharp; V .-P., W . A. Carlisle; Sec. A T reas..
W . H . Slack.— V. 89, p. 103.

GALESBURG, ILL.

PEO PLE’S TRACTION CO.— A trolley road.
O RG A N IZA TIO N .— Incorporated In Illinois on M ay 23 1901.
STOCK AND BONDS— Date. Interest. Outstanding. M aturity.
Stock $200,000 ($100)__________________ ________ {150,000 _____ _____
First m ortgage {150,000 gold/ 1002 5 g M S
140,700 Mch. 1 1922
({100) .............................c*&r.l Interest a t Farm ers’ & Mech. 13k., Galesburg
Bonds.— SubJ. to call after 10 years a t 105. L. A . Tow nsend Is trustee.
{300 have been retired.
EA R N IN G S.— F or cal. year 1011, gross, 338.817: net, $9,008.
R O A D .— O perates 12 'A miles of track from G alesburg to A bingdon.
S tandard gauge. 60-lb. T rail.
O F F IC E R S .— Pres., A. P . Higgins: See.. T reas. & Gen. M gr., Chas. S.
H arris; Gen. S u p t., S . E . Boggess.— V. 75, p . 1232.
ROCK ISLAND SOUTHERN RAILROAD.
O RG A N IZA TIO N .— Incorp. In 1906 under Steam R R . A ct of Illinois.
O perated by electricity for passengers and steam for freight. Is controlled
by sam e Interests as Rock Island S outhern R y . Franchises In M onm outh
are for 20 years.
STOCK AND BONDS— Date. Interest. Outstanding. M aturity.
Stock' {500.000 ({100)................................................
{500.000 ......................
1st M, $2,500,000 g ($1,000):/ ____ 5 g J-J
514,000 Jan 11047
red a t 105 _
_ __ c \In t. a t Am cr. T r. & S av. B k., Chio., T rustee.
EA R N IN G S.— For year ending June 30 1911. gross. $80,475; net after
takes, $10,556. In 1910. gross. $92,522: net after takes, $50,533.
RO A D .— 16 miles between Galesburg and M onm outh. 75-lb. rail.
S tandard
O FF IC Egauge.
R S.— Pres., M. A. W alsh; V .-P., E . C. W alsh; Sec., J. W . W alsh;
T reas., C. II. W alsh; Gen. M gr.. W . W . M cCullough.

GALVESTON, TEXAS.

UALVESTON-HOUSTON ELECTRIC CO.— A holding com pany.
O R G A N IZA TIO N .— Incorporated In Maine on May 8 1907. Controls
through ownership of stock the Galveston Electric Co., the H ouston Elec.
Co. and the G alveston-H ouston Elec. R y. Co. T he stock of the two form er
com panies has been exchanged for a like am ount of this com pany’s stock,
except $8,600 com . and $114,300 pref., which Is still unexchanged. In
April 1911 a u th . com . stock was Increased from $3,000,000 to $4,000,000.
V. 92, p. 1108. $150,000 com . stock Is owned by P u b . Scrv. Inv est. Co.
STOCK AND BONDS— Date. In t.P e r . Outstanding.
L astD lv.
Common $4,000,000 ($100)................ M-S 15 $2.991,400Sept 15 T 1 1 M %
Pref $3,000,000 6% cum ($1 0 0 )____ M-S 15
2.885,700 S ept 15 ’l l 3%
Conv. notes $2,000,000..........1 1911 6 A-O
600,000 Apr 1 1914
($ 1 ,0 0 0 )_______ _____ -c*j
Interest payable In Boston.
Notes payable Nov. 30 1911___________________
20,000 ----------------------Stock.— Pref. Is callable a t 120 and accum . dlv.; $700,000 of pref. re­
ported outstanding above Is In treasury of com pany. Both Dref. and com .
are listed on Boston Stock Exchange. Unissued pref. and $8,600 com . are
reserved for exchange of an equal am ount of pref. and com . of Galveston
Electric Co. and H ouston Electric Co.
N otes.— O utstanding coupon notes are convert. Into com . stock a t par
until and lncl. Jan . 1 1914, rem aining notes m ay be Issued w ith or w ithout
conversion privilege. Subject to call as a whole on 60 days’ notice a t 101
and Interest. V. 92, p . 794.
D ividends.—On com m on, flrst d lv.— 1 —S ept. 1909; In 1910, M ch.,
S ept.. 1 H % ; In 1911, M ch., 1 H % : S ept., 1 H % .
E A R N IN G S.— Of com bined com panies for 12 m onths ending N ov. 30
1911, gross, $1,501,188; net, $621,561; charges, $301,189; su r., $320,372.
RO A D S.—Controls 134.7 miles of track.
O FF IC E R S.— Pres., M arshall M. Phlnney; V .-P ., E dw ard Byrnes; See..
Clem ent R . Ford; T reas., H enry B. Saw yer; Gen. M grs.. Stone A W ebster,
B oston.— V. 89. p. 593; V . 90, p. 372, 559, 1613; V. 91, p. 1327; V. 92,
p. 794, 881, 1108.
(1) G alveston Electric Co.—A trolley road.
O R G A N IZA TIO N .— Incorporated In Texas on M ay 1 1905 as successor
to the G alveston City R y. See V. 80, p. 1971. Does the entire electric
railw ay and p art of the electric lighting business of the city. Franchise
expires In 1950. S ubstantially all the stock Is ow ned by the GalvestonH ouston Electric Co
STOCK AND BON DS— Date. Interest. Outstanding. M aturity.
Com mon $ 1 ,0 0 0 ,0 0 0 ($100).................
M-S
$1,000,000 S ep t.’l l , 1 ^
Pref 6% n-c $1,000,000 ($ 1 0 0 )____ 6 M-S
500,000 S cpt.’l 1. 3 %
F irst m ortgage $2,500,0001 1905 5 g M-N 1,289,000 May 11940
gold ($1.000).......... ...........c*1 Interest a t City T ru st Co., Boston. T rustee,
l or a t com pany’s agency In New Y ork.
Notes payable N ov. 30 1911..... ........... ............—
125,000 ................... ..
Stock and Bonds.— $150 000 of pref. reported out Is In treasury or com­
pany. Of the bonds $1,267,000 reserved for additions and Im pts. a t 80% of
cost and $20,000 have been retired. A sink, fu n d of 1 H % of bonds certified
began July l 1906, If earned, and on July 1 1911 becam e a fixed charge.
Bonds are subJ. to call as a whole or In p art for sink, fund on any ln t. date
a t 110 and ln t. on 30 days’ notice. See V. 81. p. 975.
Dividends.—On com ., flrst dlv., 1 ^ % , Sept. 1909. In 1910, M ch.,
1 H % ; S ept.. 1 t$% . In 1911. M arch, l H % : S ept.. 1M % .
RO A D .— Em braces 35.1 miles of track . S tandard gauge. 60-lb. rail.
H as 72 cars.
E A R N IN G S.— For 12 m onths ending N ov. 30 1911, gross, $435,126;
net, $203,801: ln t. and taxes, $85,337; sk. fd „ $18,495; surplus, $99,969.
O F F IC E R S .— P res., Marshall M. Phlnney; 1st V .-P., E liot W adsw orth;
2d V .-P., W ilbur A. Carter; Sec., Clem ent R. Ford; T reas., H enry B. Saw­
yer; Gen. M grs., Stone A W ebster, B oston.— V. 81, p. 975; V. 85, p. 599.
(2) G nlveston-H ouston Electric Ry. Co.—A trolley road.
O RG A N IZA TIO N .— Incorporated In Texas on April 17 1907 w ith
$3,000,000 capital stock ($100), Increased A pril 13 1909 to $3,500,000.
to build an electric railw ay over private right of w ay betw een G alveston and
H ouston, a distance of 44.5 miles. R oad Is practically com pleted. On
M ay H 1907 the stockholders authorized an Issue of $5,000,000 bonds for
construction purposes. V. 84, p. 1247; V. 90, p. 372. All the stock Is
owned by the G alveston-H ouston Electric Co.
STOCK AND BONDS.— Date. Interest. Outstanding. M aturity.
Stock $3,500,000 <$100)..................................................$1,650,000 .........................
F irst m tge $5,000,000 g guarl 1909 5 g A-O
2,750,000 O ct 1 1954
($500 A$ 1,000 cou) ($1,000)Interest a t City T ru st Co., Boston, trustee.
A $5,000 reg)________ cArj
B onds.— Rem aining $2,250,000 bonds are reserved for acquisitions and
Im provem ents. Subject to call on any ln t. day In whole or In p art for sink,
fund a t 105 and ln t. Sink, fund of 1% of bonds F eb. 1 1910 to 1944; there­
after 1 M % . First five paym ents w aivable. Bonds are g uar., p ., 1. and s.
f.. by G alv.-IIous. Elec. Co. See V. 90. p. 697; V. 90, p 697.
(3) H ouston Electric Comp a n j.— Trolley.
O RG A N IZA TIO N .— C hartered a t A ustin, T ex., on O ct. 26 1901, and Is
successor to the H ouston Electric S treet Railw ay Co., sold at foreclosure
O ct. 1901. Controls all the street railw ays In H ouston. Franchise origin­
ally ran until O ct. 23 1925, but In Jan . 1903 was extended 10 years; for
term s, see V. 76, d . 158. S ubstantially all the stock Is owned by th e Gal­
veston-H ouston Electric Co.
STOCK AND BONDS— Date. Interest. Outstanding. M aturity.
Common $2,000,000 ($100).................
M-S
$2,000,000 S ep t.’l l , 1H
Pref 6% n-c $1,000,000 ($ 1 0 0 )-----F-A
1,000,000 A ng.’l l , 3%
F irst m ortgage $2,500,000/ 1900 5 g F-A
2,500,000 Aug. 1 1925
gold ($1,000) sink fu n d ..c * U n t. a t International T ru st Co., B oston. T rus.




| V O L. LXXXX1V.

Bonds.— Entire Issue, but n ot any p art, can be called a t 107 H and lnt.
Sinking fund of 1 % of bonds outstanding payable on Aug. 1 each year.
See V. 74, p. 680; $307,000 was held by this fund on O ct. 1 1911.
D ividends.— D ividend on preferred stock due Aug. 1904 and Feb. 1005was passed because of strike and boycott; the strike was term inated O ct. 11
1904 (V. 79, p. 1704) and dividends were resumed on Aug. 1 1905, when
3% was paid; 1906 to 1911, lncl., 6% annually. On com ., first d lv., 1 34%,
paid Sept. 1909; In 1910, 3% : In 1911, M arch. 1 34%; S ep t., 1 34%.
RO A D .—Comprises 54.1 miles of track . S tandard gauge. 45 to 96-lb.
rail. O perates 193 cars.
E A R N IN G S.— F or 12 m onths ending Deo. 31 1910, gross, $919,053; n e t,
S349.483; Interest and taxes. $108,773; sinking fund, $39,381; dividends,
$120,000; surplus, $21,329.
O FF IC E R S.— Pres., Guy E . Tripp; V .-P ’s Marshall M. Phlnney and
H enry G. Bradlee; Sec., Clem ent R. Ford: T reas., H enry B. Sawyer; Agts..
Stone A W ebster, B oston.— V. 81, p. 1795; V. 85, p. 600.
GARY, INDIANA.

GARY & IN TER U R BA N RY . CO.— (See M ap page 53) .—
O RG A N IZA TIO N .— Incorporated In Indiana In Aug. 1907. Franchise
In G ary expires 1957; In Tolleston, 1959; In H am m ond, 1939.
For traffic agreem ent w ith G ary Connecting R ys., sec th a t co. below.
STOCK AND BON DS.— Date. Interest. Outstanding. M aturity.
Q-J
$885,150 J ly ’l l , 1%
Stock $1,000,000 ($25)................... ..
Refunding & 1st m tge $10,-\ 1910 5 J-J
1,000.000 Ju ly 1 193e
000,000 g ($500 A $1,000). f ln t. in N. Y. or Chic., or through Lawrence
J B arnum A Co., W est. T r. A Sav.B k.,C h.,tr.
Bonds.— R em aining bonds m ay be Issued for 90% of cost of extensions.
Im provem ents, Ac., under certain restrictions. SubJ. to call a t 105 and
ln t. S. fund of 1% of bonds out each year from 1915 to 1920 and 2%
thereafter. V. 91, p. 1385.
Dividends.— Initial d lv., 1% , paid Ju ly 1910; O ct.. 1%; In 1911, Jan.,1 %;
A pril, 1%; July, 1%.
E A R N IN G S — F or 5 inos. end. Nov. 30 1911, gross, $74,002; n e t,$31,630.
ROA D.— O perates 22 miles of track, consisting of local lines In G ary and
extension through Tolleston to H am m ond and E ast Chicago. A t H am ­
mond connects with lines running to centre of Chicago. An extension t*
Indiana H arbor is under construction, half of which is in operation. S tand­
ard gauge 00 and 85-lb. T rail.
O F F IC E R S — Pres., F . N . G avlt; V .-P. A Gen. M gr., A. C. Miller; Sec.,
Chas. W. Chase; T reas., L. E . W oodw ard.— V. 85, p. 1461; V. 89, p. 993,
1590; V. 90, p. 1675; V. 91, p. 1385.
GAR Y CONNECTING RAILW AYS— (See M ap page 53).
O RG A N IZA TIO N .— Incorp. In Indiana In May 1011. W hen com pleted,
will provide a connecting link between the G ary A Interurban R y . (see
above), Goshen South Bend A Cldc. R R . (stock a u th . A o u t., $150,000; no
bonds; In operation between La P orte and Goodrum , 20 m iles),and Valpa­
raiso A N orthern R y. (see below). Bankers oficring the bonds In 1911
stated th a t a 99-yr. con tract provides th a t aforesaid Interurban lines shall
transfer a m inimum of 36 cars per day over the G ary Connecting R ys. a t
rate of 25 cents per car mile. Transfer of cars, over and above m inimum
am ount guar., a t 25 cents per car mile for m otor cars and 20 cts. for trailers,
STOCK AND BONDS— Date. Interest. Outstanding. M aturity.
Stock, $500,000 ($100).................................................... $500,000 ......................
F irst m tge $400,000 gold/ 1911 5 g J-D
150,000 Ju ne 1 1921
($500 and $1,000), g u ..c * \W este rn T r. A Sav. B k., Chic., T rustee.
Bonds.— 1st M. bonds are subJ. to call a t 105 and lnt. In t. a t Lnw rcnot
B arnum A Co., New Y ork. The bonds arc unconditionally g uar.. Jointly
and severally, by the Gary A Interurban R y., Valparaiso A N orthern R y.
and Goshen So. Bend A Chio. R R . V. 93, p. 1386.
RO A D .— Is constructing 16 miles from Gary to G oodrum . S tandard
gauge 60-lb. T rails.
O FF IC E R S.— Pres, and M gr., A. C. Miller; V .-P., F . IT. Wood; See.,
C. W . Chacc; T reas., L . E . W oodward.— V. 93, p. 469, 1386.
V A LPA RA ISO &’ N ORTHERN R Y . — (See M ap page 53).
O R G A N IZA TIO N .— Incorporated In Ind iana. H as traffic agreem ent
w ith Gary Connecting R ys., which sec above.
STOCK AND BONDS—
Date. Interest. Outstanding. M aturity.
Stock, $250,000 ($25)...................................................... $250,000 ................. ..
F irst m tge.$250,000 ($100),gj ____ 5 g A-O
250,000
20 years
callable a t 105 _________ c \In t. a t M et. T r. A Sav. 13k., Chic., trustee.
RO A D .—Operates 12 miles from C hesterton and P orter, through Good­
rum to Valparaiso. S tandard gauge, 60-lb. T rails.
O FF IC E R S.— Pres. A Gen. M gr., A. C. Miller; V .-P., Ira C. W ood; See.
and T reas., L. E . W oodward.

GENEVA, N. Y.

GENEVA & A U BU RN R Y .— T rolley.

O RG AN IZA TIO N.—Chartered March 18 1895 as a consolidation of the
Geneva A W aterloo and other com panies. Owns tho Cayuga Lake Park
property of 50 acres. V. 60, p. 562 In Sept. 1909 nam e of com pany was
changed from Geneva W aterloo Seneca Falls <So Cayuga Lake T raction
to the above.
STOCK AND BONDS— Date. Interest. Outstanding. M aturity.
Common stock, par $100.....................................—
5350,000 - - - - - - - - - Pref. $100,000 ($100)..........................
6
100,000 1910-11,6%
Genova A Aub m tge $2,500.-'l 1909 5 g A-O
400,000 .A pril 1 1939
000 ($500 A $1,000) g -c A r/In t. a t W est End T rust Co.. P hlla.. T rustee.
Bonds.— Bonds are subject to call on and after April 1 1914 a t 105 and
Interest; sinking fu n d of 34 of 1% begins April 1 1014.
.
R O A D .—The road extends from Geneva to C ayuga Lake P ark , through
W aterloo and Seneca Falls, 17 miles; sidings, H mile. An extension from
Seneca Falls, through village of Cayuga, to A uburn, a distance of abo u t 12
miles, crossing Cayuga Lake on bridge a mile long. Is proposed. Ralls
70-lb. girder and 60-lb. T . T rack, standard gauge. O perates 25 m otor
cars, 8 trail cars, 1 snow plow, 1 sweeper.
E A R N IN G S.— For year ending Ju ne 30 1911, gross, $94,863; net, artcr
taxes. $31,582; charges, $30,223: surplus. $1,359.
_‘
O FF IC E R S.—P res., R. R. Q uay, P ittsburgh, P a .— V. 80, p. 2344;
V. 84, p. 51; V. 89, p. 721.

GIRARD, PA.

C L EV E LA N D & E R IE R A ILW A Y CO.

„

o„ . _

O RG A N IZA TIO N .— Incorporated In Juno 1909. Is successor to Conneaut A Erie T raction Co., sold a t foreclosure. Owns all the stock and
bonds and leases the Conncaut A Erie T raction Co. of Ohio, which owns
1.99 miles of track. Franchises are for 999 years.
STOCK AND BONDS.— Date. Interest. Outstanding. M aturity.
Stock $300,000 ................................................................... $300,000 ......................
F irst m ortgage $800,000 goldf 1909
5 J-J
500.000 Ju ly 11929
($250 and $ 5 0 0 )________ c jln t. a t Fidelity T rust Co.. Phlla., trustee.
Incom e bonds $500,000 ($2501 1909 5 Ju ly
500.000 July 1 1929
and $ 5 0 0 )_______________/ln t. a t Fidelity T ru st Co.. Phlla., trustee.
Bonds.— Rem aining flrst m ortgage bonds are reserved for extensions,
betterm ents, Ac. They are subject to call a t 105 and ln t. on 3 m os.’ no­
tice. In t. on Income bonds Is only payable If earned, and Is non-cum .
T hey are subject to call a t par. Bonds have no sinking fund. Ju ly 1910
and 1911 Interest on Incomes was not paid.
EA R N IN G S.— For 6 mos. ending Deo. 31 1911, gross, $62,721; n et.
$16,752:
charges,
$12,500;
surplus,
$4,252.
R O A D .—
Owns 31.29
miles
of track.
O perates between Conncaut and
E rie. S tandard gauge; 60-lb. rail: 6 passenger and 8 other cars.
O FF IC E R S.— Pres.. R obt. W . W atson. New York; V .-P., W . J . ru n g ,
G erm antow n, P a.; T reas., J . It. M cDonald, Eric, P a.; Sec., J . M . Sm ith,
G irard, P a.; M gr., R . W . Palm er, G irard, P a.

GIRARDVILLE, PA.

SC H U Y L K IL L RA ILW A Y CO.

O RG A N IZA TIO N .— Incorporated In Pennsylvania on July 20 100.1 and
purchased the property ot the Schuylkill T raction Go. and the Lakeside R y .
Co.STOCK
V. 80.AND
p. 1729.
..
,
BONDS— Dale
Interest. Outstanding.
M, , aturity.
Stock $400,000 ($50)....................................................
( ( M .W - .- - - - .- - - - I
1st($cons
m tge, $1,450,000. gl 1005 5 g A-O
B40-°,221. ApL ‘ ! ? 3 ‘
5 0 0 and $1.000)............ c’ j ln t. a t Fidelity T r. Co., P hlla., T rustee.

K g lP W
- —

J AC KS ON'

G A R Y C O N N E C T IN G R A IL W A Y S C O

M IC H IG A N C IT Y .

GARY CONNECTING R A IL W A Y S CO.

ULLM AN

IC A G O

GUARANTEEING COM PANIES

C alutiie]

FURN .SWllLE
Xyt>:J^NDARD^(

ppSTEEl-CAIllcp,

H A iy iM

-W C H ^L N -T P A l
\S h Q P S -t-

UI V.RPCVNKEY
PLART

I N D IA N A C IT Y

CLARI

rAET.NA:

___

LANSING
gxte’n w o c d

-M U N STE R

©
MAYNARD

p H IC A G O
^ H E IG H T S




4a

hig5 l!o5Tos

111

LERS 1 I
W-M-fcO.'

I IC R IS SMAN.
:McCO o L

R A IL W A Y S

" A ir J M E iT r

TTI-IORNTON

MIDWAY/:

e/ p a r k

^ C H E S T E R T O N -"

^ G I B S O N ^j

”7 . OAK GLEN

7

£
>** J
'^ q O BURDICK

G s ub^statTorcr
I

'^ ^ O S H EN tt SOUTH BEND & CHICAGO

I.D.VILLE
THELMA-

. 11111IL^
n.

S&RTSDALE
>HERER

WATERFORD;;

l OTTAVILLE-

WESTVILLE

COBURG/i
SHERIDAN
(q .'BEACH
S2G‘ROUNDS

HASKEl

AINESWOR-TH
C R O W N P O IN T

ALAI DA:

-V A L P A R A IS O

54

E L E C T R IC R A IL W A Y S

Bonds.—Of the $1,450,000 authorized, $805,000 are reserved to retire
th e underlying Hens In statem en t below. A re subject to call a t p ar & ln t.
E A R N IN G S.— F or year ending Ju n e 30 1911, gross, $189,798; n et,
after taxes, $89,001; Interest, &o., $53,618; other deductions, $35,382; sur­
plus, none. In 1909-10, gross, $184,856; n et, after taxes, $83,348.
O F F IC E R S .— P res., Powell E vans, Phlla.; Sec. & T reas., J . A. McKee*
Phlla.; A ud ., 13. F . W agner, Glrardvtlle; Gen. M gr., W . S. Lelb, Pottsvllle*
— V. 80, p. 1729; V. 82, p. 1157; V. 87, p. 286.
(1) Schuylkill T raction Co.—A trolley road.
O RG A N IZA TIO N .—C hartered Sept. 26 1892, In p erp etu ity, under the
M otor T raction A ct of March 22 1887. Road opened June 1 1893. On Ja n .
6 1893 leased for 999 years the M ahanoy City Shenandoah G irardvllle &
A shland S treet R ailw ay. On Oct. 5 1893 leased for 999 years the Ashland
Locustdalo & C entralla Elec. R y. Owns all the stock of these two roads,
which Is pledged under the Orst m ortgage. On April 27 1900 leased for 999
years the Lakeside R y., which connects the two ends of the com pany’s
routes from M ahanoy City to Shenandoah and purchased 2,600 of the 5,000
shares of the capital stock. On Jan . 24 1901 leased the Shenandoah &
P ottsvllle S treet R y. for 999 years (Incorporated Aug. 1 1900), and from
Pottsvllle to Shenandoah, 13 miles, and bought all Its capital stock. The
Lakeside Shenandoah & P ottsv . stock Is pledged under consol, m tge.
STOCK AND BONDS— M iles. Date. Interest. Outstanding. M aturity.
1st M, $500,000, g. $500) 2 2 H 1893 5 g A-O
$500,000 April 1 1943
& $1,000, 8 f $10,000[interest Is paid a t E qult. T r. Co., T rustee, Phlla.
y ’ly after Apr ’98_c*J Bonds m ay be purchased for sinking fund a t 105.
1st m tge, Lakeside R y,) 5 ^ 1893 4 g M-N
150,000 N ov 1 1923
g, $150,000, guar by [in terest a t E quitable T ru st Co., P hiladelphia,
Schuylkill T ractlo n -.J T rustee.
New con m tge, see te x t! __ 1901 4 ^ g J-J
105,000 Ju ly 1 1951
($1,000), g _______ c * jIn terest a t F idelity T rust Co., P h lla., T rustee.
B onds.— A uth. am ount of consol, m tge. was $2,000,000, b u t m tge. has
been closed w ith $105,000 o u t. Of the outstanding bonds $36,000 are held
In the treasury. S ubject to call a t 105 and Interest. S inking fu n d of 1%
of bonds out becam e operative A ug. 1 1907.
ROA D.—Schuylkill T raction Division 22 M miles of track , beginning a t
Locustdale, thence through A shland, Holmesvllle to G irard vllle, form ing
there a Y. one branch running through Lost Creek to Shenandoah and the
other branch to M aizevllle, G llberton and M ahanoy C ity. Lakeside D i­
vision 5 H miles. T otal 28 miles. 60 and 70-lb. T rail. Extensions of 43
miles proposed and charters obtained. O perates 51 m otor cars. 4 work
cars and 2 snow sweepers. E xtensive Im provem ents have been m ade.
—V. 80, p. 1729.
. __________

GRAND RAPIDS, MICH.

CO M M O N W EALTH P O W E R , R A IL W A Y & L IG H T CO . — (.See M ap on

page 55.)
O R G A N IZA TIO N .— Incorporated In Maine F eb. 19 1910 to carry o ut
the plan outlined In V. 90, p. 108, 447, for am algam ating certain electric
light, power and street railw ay enterprises In M ichigan.
Owns practically all of the com . stocks of the
Consumers Pow er Co.
1Saginaw-Bay City R ailw ay Co.
G rand R apids R y.
) Cadillac W ater & L ight Co.
M ichigan L ight Co.
|
On Dec. 30 1911 constituent com panies had outstanding In hands of the
public $18,535,900 bonds and $7,394,000 pref. stock.
STOCK—
Date. Interest. Outstanding. M aturity.
Common $12,000,000 ($100)...................................... $12,000,000 ......................
P ref(6% cum )$6,000,000($100)____
Q-F
6.000,000 Feb. T 2 ,1 M
Pref. stock Is redeem able a t 105 and accrued dividend.
D ividends.— Q uar. dlvs. of 1M % have been paid on pref. from M ay 1
1910 to and Including F eb. 1 1912.
Latest E arnings.— Of constituent cos. for 12 mos. ending O ct. 31 1911,
gross, $5,401,057; net, $2,558,867; fixed charges, $1,520,950; pref. d lv.,
$360,000; surplus, $677,917.
P R O P E R T Y , &c.— Through Its constituent com panies owns and operates
street railw ay properties in G rand R apids, Saginaw and B ay City and an
ln terurban line connecting the two last-nam ed cities; the gas properties In
Jackson, K alam azoo, P ontiac, F lint, Saginaw and B ay City; the electriclight and pow er properties In G rand R apids, K alam azoo, Jackson, F lint,
Saginaw , B ay C ity, Cadillac, P ontiac, B attle Creek, Lansing and a num ber
of Interm ediate cities and towns; th e w ater business In Cadillac, and owns
hydro-electric generating stations and valuable w ater-pow er property and
rights along th e G rand, K alam azoo, M uskegon and Au Sable rivers.
‘^ O F F I C E R S — P res.. A nton G. H odenpyl; V .-P ., C. M. Clark; V .-P. and
S ec., Geo. E . H ardy; T reas. and A sst. Sec., Jaco b H ekm a.— V. 90, p. 108,
447, 626, 916, 976; V. 91, p. 38, 214; V. 92, p. 260, 794; V. 93, p. 1786.
(1) G rand R ap id s R y. — Trolley.
• Practically all the com . stock Is owned by Com. Pow . R y. & L t. Co.
• O RG A N IZA TIO N , &c.— Incorp. In M ich. In April 1900 as a successor
com pany to the Consolidated S t. R y. Owns all street railw ay properties of
G rand R apids. Franchises expire In 1920, In 1921 and In 1929.
STOCK AND BONDS— Date. Interest Outstanding. M aturity.
Stock com $2,000,000 ($100)...............
Q-M
$2,000,000 D e c .’11. 1 %
Pref $2,000,000 cum 5 % ($ 1 0 0 )____
Q -F
1,500,000 F eb .’12, 1 >4
G rand R ap R y Co 1st m tgel 1900 5 g J-D
3.210,000 Ju ne 1 1916
$3,500,000 gold ($1,000) c*j Interest at New Y ork T ru st Co., T rustee.
Bonds. &c.— Of th e new m ortgage for $3,500,000, $290,000 have been re­
tired by sinking fund. Sinking fund becam e operative on O ct. 1 1905,
payable 1% of bonds o ut up to O ct. 1 1910, then 2% up to 1915 (see
V. 70, p. 1149). Bonds cannot be called. See V. 72, p . 1187. Bonds
are listed on New Y ork Stock Exchange.
D ividends.— Dividends on preferred stock are cum ulative and 1 M %
q uarterly has been regularly paid up to and Including Feb. 1 1912. The
first dlv. on com m on— 1% — was paid S ept. 1 1906 and has been a t rate
of 4% annually since th a t d ate to and Includlni^D ec. 1911.
'R E P O R T .— For calendar years:
SL: ..........................9
■ • Year—
Gross. Net (aft. Tax.) Interest. P ref. D iv. Surplus.
1911 ....................$1,169,393 $509,115 $179,388 (5% )$75,000 $254,727
1910 _________ 1,132,578 512,932 181,272 (5%) 75,000 256,660
R O A D .— Owns and operates 03.5 miles of track, 131 m otor pass, cars
and 15 trailers.
O F F IC E R S .— Pres, and Gen. M gr., B . S. H an chctt, G rand Rapids;
V .-Ps., C. M. Clark and L ester J . R lndge; Sec. & A sst. T reas., L . J . De
L am arter; T reas. <& A sst. Sec., G. L . E stabrook, P hiladelphia. Office,
G rand R apids, Mich.— V. 84, p. 220, 749; V. 85, p. 40.
(2) S aginaw -B ay C ity R ailw ay Co,

E ntire stock (except directors’ shares) Is owned by C om .P ow .,R y.& L t.C o
O RG A N IZA TIO N .—This com pany Is a consolidation of the Saginaw
Valley T raction Co. and railw ay d ep t, of the Bay City T raction & Elec. Co.
STOCK AND BONDS— Dale. Interest. Outstanding. M aturity.
Stock, $2,600,000................. ...... All owned by Commonw. P r. R y. & L t. Co.
F irst and refunding m ortgage) 1910 5 M-S
$1,150,000 Mch 1 1935
$5,000,000 ($1,000)____ c* I M ichigan T rust Co., Grand R apids, T rustee
Saginaw Valley T rac 1st M, j 1899 5 g F-A
773,000 Feb 1 1920
$850,000, g ($1,000 each )c* )In t. a t B oston Safe Dcp. & T r. Co., T rustee
Bonds.—Of the 1st <Jc ref. bonds $850,000 are reserved to retire Sag. Val.
T rac. bonds; rem ainder for 85% of cost of additions, &c. T hey are red . on
any ln t. d ate after M ar. 1 1915 on 60 d ay s’ notice a t 105 and ln t. In t. a t
H odenpyl, H ard y & Co., N . Y.
A sinking fu n d of $8,500 per annum on Sag. Val. T rac. bonds begins Feb.
1 1907 and runs for 5 years, after which $17,000 per annum Is payable, said
fund to be Invested In the bonds a t not above 107 K and ln t. Sinking fund
held on Jan . 11 1912 $47,000 of bonds; $30,000 arc also owned by Com­
m onw ealth Pow er, R y. & L ight.
Id
RO A D .— O perates 56 miles of street railw ay track In Saginaw and Bay
City, Including an lnterurban line betw een th e two cities.
O FF IC E R S.— P res., B. C. Cobb; V .-Ps., H . T . W lckcs, J . E . D avidson
and E . J . Bechtel; Sec., F . C. Potvln; T reas., J . W . Glendenning; A sst.
Sec & A sst. T reas., S. E Wolff
(3) M ichigan L ight Co.

All the com m on stoc« s owned by Com. Pow . R y. & L t. Co.
O RG A N IZA TIO N .—Incorp. In New Jersey in Deo. 1904. «)wns entire
stocks of th e following com panies:
Jackson Gas Co.,?!
" T !F lint Gas Co.,
K alam azoo Gas Ctf! ' ^
) Saginaw City Gas Co.,
P ontiac L ight Co., *
/B ay City Gas Co.




[V O L . I/XXXX1V,

STOCK AND BONDS— Date. Interest. O utstanding. M aturity.
Common $3,000,000.................- .................................... $2,500,000 ......................
Preferred 6% cum ulative_________
Q -J
2,144,000
Sec te x t
Sag City Gas 1st M, $1,000,-/ 1901 5 g M-N
750,000 M ay 1 1916
000, g ($500 & $1,000). . C l i n t , a t M ich. T r. Co., G rd. R ap., trustee.
B ay City Gas 1st M, $500,000/ 1900 5 g J-D
375,000 Ju ne 1 1920
g ($500 & $1,000)______ c* (In terest a t New Y ork T ru st Co., trustee.
F lin t Gas Co 1st M. $500,000/ 1904 5 M-N
500,000 N ov 1 1924
($500 & $ 1 ,0 0 0 )_______ c * |I n t. a t M ich. T r. Co., G rd. R ap ., trustee.
Jackson Gas Co m tge, $350,-/ 1897 5 A-O
350,000 A pril 1 1937
000 gold ($1,000)............ c*1 Illinois T ru st & Sav. B ank, Chic., trustee.
K al Gas Co 1st M, $450,000/ 1900 5 J-J
400,000 Jan 1 1920
($1 ,00 0 )----------------------- c * \In t. a t M ich. T ru st Co., Grd. R ap ., tru stee.
P ontiac L ight Co consol m tge/ 1902 5 J-J
209,000 Jan 11927
$230,000, g. ($1,000)------M in t. a t M ich. T ru st Co., G rd. R ap ., trustee.
B onds.—$107,000 and $125,000, respectively, of bonds of Sag. City Gas
1st M. and B ay City Gas 1st M. are Issued in addition to am ounts shown
above, and are owned by Mich. L ight Co. Bay City and Jackson bonds are
red. a t 110 & Int. K alam azoo, P ontiac, F lint and Sag. City Issues arc red .
a t 105 and in t. In t. on Jackson Gas Co. bonds Is payable a t H odenpyl,
H ardy & Co., New Y ork.
E A R N IN G S.— For year 1910, gross, $1,267,255; n et, $546,253; fixed
charges, $178,512; pref. d lv., $128,640; balance, $239,101.
Dividends on pref. have been paid regularly since organization.
P R O P E R T Y .— C onstituent com panies own and operate th e gas proper­
ties in Jackson, K alam azoo, P ontiac, F lint, Saginaw and B ay City.
O F F IC E R S .—P res., A nton G. H odenpyl, N . Y.; V .-P. & Sec., Geo. E .
H ardy, N . Y.; V .-P., Claude H am ilton, G rand R apids; T reas. & A sst. Sec.,
Jacob H ekm a, N . Y.
(4) C onsum ers’ Pow er Co.
All the com. Is owned by Com. P ., R y. <5: L t. Co.
O R G A N IZA TIO N .— Incorporated In Maine In 1910. Owns all the com .
stocks of Com monwealth Power Co., G rand Rapkls-M uskegon Pow er Co.
(owning entire com . and m ajority of pref. of G rand R apids Edison C o.),
F lint Elec. Co., Saginaw Pow . Co., Bay City Pow . Co., P ontiac Pow . Co.,
Consumers Pow. Co. (Mich.) and Au Sable R iver property and rights.
Outstanding. M aturity.
STOCK AND BONDS.
Date. Interest. .$10,000,000
Common $10,000,000________ _____
3.750.000
See te x t
Q-J
Pref $10,000,000($100)6% cum -----7.304.000 Jan 1 1936
1st & ref M, $35,000,000 goldf. 1911 5 J-J
In t. a t H arris T r. <fc Sav. B k., Chicago,
($1 ,00 0 )......................
trustee, or H arris, Forbes & Co., N . Y.
____ 5____
1,384.000 Dec 1 1924
J-D
Com’w. Pow . 1st M, $4,000,­ 1904
000 g sink fd ($1,000) . . _c* In t. a t F irst T rust & Sav. B k., Chic., trustee.
_____
1,036,000 Mch 11931
Gr. Rap-M
usk _____
Pow 1st M 1906 5 M-S
$7,500,000 gold.....................l i n t , a t 1st T r.& S .B ., Chic., or lstN .B .,N .Y .
G rand R ap E d Co 1st m tge g/ 1902 5 M-N
950,000 M ay 1 1916
($1,000) sinking fu n d __ c * (In t. a t A m . T r. & S. B ., Chic., trustee.
Gr R p Ed Co underly’g b o n d s .____ __________
13,000 ___________
Stock.— Pref. stock Is red. on and after Jan . 1 1920 a t 105 and accd .d lv .
Bonds.— Of 1st & ref. bonds, $3,383,000 arc reserved to retire underly­
ing bonds; rem ainder are reserved under certain restrictions for extensions
and additions a t 80% of cost. SubJ. to call on Ja n . 1 1916 or any Int. day
thereafter a t 105 and Int. Sink, fund of 1% of bonds o u t (Inch prior Hens)
annually begins Ja n . 1 1915. V. 92, p. 465, 526, 1438.
Dividends on pref. have been paid regularly since organization.
EA R N IN G S.— F or year ending N ov. 30 1011, gross, $2,338,932; n et,
after taxes, $1,126,971; Interest, $534,350; surplus, $592,621.
P R O P E R T Y .— C onstituent cos. own and operate electric light and power
properties In G rand R apids, K alam azoo, Jackson, F lint, Saginaw , Bay City,
P ontiac, B attle Creek, M uskegon, Lansing, Owosso and a num ber of Inter­
m ediate cities and towns. H ydro-electrlo plants have a b o u t 50,000 h . p.
and steam plants abo u t 48,000 h . p . capacity. T otal generating capacity
abo u t 98,000 h. p.
__L1 .
O FF IC E R S.— P res., W . A . F oote, Jackson; V .-P ., E . W . Clark, Phlla.
V .-P. & Sec., Geo. E . H ard y, N . Y .; T reas. & A sst. Sec., Jacob H ekm a.
N . Y; .A sst. T reas., C. A . Pearson J r., P hlla.— V. 90, p. 1680; V. 92,
p. 61, 465, 526, 1438.
(6) C adillac W a te r & L ight Co.
, ,
,
Com m onwealth Pow er, Light & R y. owns all the capital stock.
O RG A N IZA TIO N .— Incorporated In M ichigan In 1905.
STOCK AND BONDS.
Date. Interest. Outstanding. M aturity.
Stock $200,000 ($50)........................................................ $200,000 ......................
F irst m tge, $200,000 ($500 &/ 1905 5 M-S
132,000 S ept 1 1925
$1,000) gold........................c * )In t. a t M ich. T rust Co., G rd. R ap ., trustee.
Bonds.—SubJ. to call a t 102. Sink. ?d. $4,000 per annum began S ept. J
1906. $8,500 bonds are owned by Com. P . R y. & L ., $18,000 are owned
by co. and $24,500 have been retired.
P R O P E R T Y .— Owns electric and w ater plants In Cadillac.
O FF IC E R S.— Pres., W . M. E aton, N. Y .; V .-P., W . A. F oote, Jackson;
T reas. & Gen. M gr., G. D. W e3tover, Cadillac; Sec., W . J . McCoy, Cadillac;
A sst. Sec. & A sst. T reas., S. E . Wolff, N . Y.
G RA N D R A P ID S H O LLA N D & CHICAGO R A IL W A Y .

In Ja n . 1912 it was reported th a t control of road had changed hands.
ORG AN IZA TIO N.— Incorporated In Michigan In July 1904 and Is a re­
organization on Aug. 1 1904 of the G rand R apids H olland & L ake M ichigan
R apid R y. See V. 79, p. 627. Power Is supplied to com pany by Grand
Raplds-M uskcgon Power Co., b u t com pany m aintains own station In readi­
ness to operate In case of em ergency. Franchises In city of H olland and
village streets expire In 1928 to 1930; rem ainder on private rights of w ay.
STOCK AND BONDS— Date. Interest. Outstanding. M a tu rity.
$500,000 ......................
Common, $500,000........................................................
Pref, $850,000. 6 % ........................................................
850,000 ......................
le t m tge. Grand R apids IIol) 1900 5 g F-A
1,500,000 Aug 1 1920
& Lake Mich, $1,500.000,[ln t. a t A m erican T r. & Sav. B ank, Chicago.
gold ($500 and $1,000)____J T rustee, or a t G uaranty T ru st Co., N . Y .
Bonds.— A sinking fund Is provided of $5,000 per annum for first 5 years.
$10,000 per annum for second 5 years, $15,000 yearly for third 5 years and
$25,000 per annum for fourth 5 years. Bonds are not subject to call.
TRACK .— Operates 75 miles of track from Grand R apids through H olland
to M acatawa and Saugatuck, w ith steam er connection at H olland for Ohio.
—V. 75. p. 1301; V. 78. p. 702, 768: V. 79, p. 627.
U N IT ED L IG H T & R A IL W A Y S CO.

O RG AN IZA TIO N.— Incorporated In M aine In 1910 per plan In V. 91;
p. 96. H as acquired the following companies:
Cadillac (Mich.) Gas Light Co.
I La P orte (Ind.) Electric Co.
Cedar R apids (la.) Gas Light Co. La Porto (Ind.) Gas L ight Co.
C hattanooga (Tcnn.) Gas Co.
[M attoon (111.) Gas L ight Co.
F t. Dodge Light Co.
I M uscatine (la.) Light A T raction.
All of the bonds of the F t. Dodge Light Co., M uscatine L ight & T rac. Co.
and M attoon Gas Light Co. arc to be taken up In exchange for 1st & 2d.
pref. stocks of U nited L t. & R ys. Owns all th e 1st m tge. bonds ($70,000
au th . and out) of M attoon Gas Light & Coke Co.
In Ja n . 1912 acquired the entire capital stock of the G rand R apids G rand
H aven & Muskegon R y. V. 94. p. 209.
. . _
Docs entire gas business In Cedar R apids (supplying also suburbs of
Marlon and Kenwood Park and Intervening territory ), I; t. Dodge and
M uscatine. la.; Cadillac, Mich.; La P orte, Ind.; M attoon, 111., and C hatta­
nooga. T cnn.; entire electric light and power business In I-t. Dodge and
M uscatine, la ., and La P orte, Ind. This Includes satisfactory contracts
for lighting the city streets In each city; entire electric railw ay business In
M uscatine, la ., and entire hot w ater district heating system In La P orte, Ind .
Child, H ulswlt & Co. of Grand R apids, who prom oted th e com pany In
A ug. 1910,offered the stock In blocks of 10 shares (par $100) 1st pref. and
llion.
4 shares (par $100) com . for $1,000. V. 91, p 519; V. n92, "p. **
STOCK AND BONDS— Date. Interest. Outstanding. M aturity.
$862,500
Common, $12,500,000 ($100).............
1st pref.. $12,500,000 ($100),\
2,133,000 J a n .’12,1 M
6% cum .................................... / ____ Q-J
866.500 Jan . ’12, H
2d pref, $5,000,000, 3% cum ............. Q-J
F-A
100.000 Feb 1 1925
Cadillac Gas L t 1st M $150,000 1905 55 A-O
75,000 April 1 1913
Cedar R ap GasLt IstM $75,000 ------ 5 J-J
634.000 Jan 1 1927
C hattanooga Gas 1st m tge $1,-11907
500,000 gold ($1,000)___c* J
500.000 * .................
C hatt. Gas Co pref stock, 6% ------ 6%
250.000 Feb 1 1923
F t D L t & Pow 1st M. $350,000 1903 5 F-A
200.500 A pr 1 1925
La P orte Gas L t Is tM ,$ 2 5 0 ,1 9 0 5 5 A-O
000 gold ($500 and $ 1 , 0 0 0 ) /M ichigan T rust Co. Grand R apids. Trustee.
339.000
Citizens’ Railw ay & Light 1st) 1902 5 g A-O
—
. - A .pr , 1_1917
m ortgage, $400,000, gold [ln t. a t Cleveland T ru st Co., Cleveland, T rus($500) ................................. c*J tec, or N at. Bank of Com merce, N . Y.

J an ., 1912.J

E L E C T R IC R A IL W A Y S

MAP
SHOWING PROPERTIES CONTROLLED BY THE

mack^

Commonwealth Power
Railway & Light Co. 'k-js

c L._

55

c * fy f

A N D C IT IE S A N D T O W N S S E R V E D

REFERENCE
Eleotrioity & Water Supplied
Elootricity <S Gas Supplied
®
Eleotrioity
& Gas Supplied,
o
and Street Railways Owned
Eleotrioity Supplied
©
Eleotrioity Supplied, and
©
Street Railways Owned
Water Power Generating Plants
HO
Steam Power Generatina Plants
o
Substations
A
Transmission Linos Completed
and in Operation
Transmission Lines Leased
and in Operation
m m m a m m Transmission Lines
Under Construction
□ □ □ □ □ □ Transmission Lines Planned
i.ix i.i.L a Interurban Railway Owned con­
necting Bay City and Saginaw
M nnton
W E X FO R D
c a d i l l !a £

®

U G. M arion °
— /T u s tin .
/ H a rriso n
OSCEOLA /
°
e L A|K E
J
U B t 01,
\ B aldw in
oReedXM ^y
F a rw e ll
— nCl ar e
P eacb ck _

\ B IG R A P ID

W

NEW AYGO I
■ vA Shelby C " JW Jiite Cloud ft
H esperia'’
^
*■

1

j^Frfem ont
/ .Newaygo
| >1 ■ oJ>

vidt!
O
, ^V f m .
ST. Musktigon?^

y

> >

| M ECOSTA j \ ; s a B ELLA
I Ro g e r s M apnt Pleasant^
QMj3rIey \

| ( S h e p h e rd o

CROTON ' :

\ j

H] Wo wa arrdd CC Rityy T \ tu
m oore
re
K dm

jy

j

■

o'' a #
\NA'
w uTTAWA

\ HUOSONVIH.E.S
r^JL

‘

y.

/ j l e r r i i l S ’A G IN

Ml.

u

-, L ii'lt“c ,.

* .P ^ ^ ^ P U n f e il^ I le '
otiass C ity
e IY CITY
^M onitor ‘"■
| / o^OD
South! Bay City
Zilw iJ\ikee^5r4.
i T U S C O ^ ^ A -^ I
4
_ Caro,

.6

C h a rie s > f ^

■

A

-

j-Reese

\

.\

) SANILAC
^Sandusky

V assaiY ^ „

_
L lilliS gtb n c p 6rd ° " L 0^ ar^

N.^Branch j s
w ° StBlrch
Ittg s \ S t a n t o n j
M c D o n o u g h ^ ,i "A\
1 1L”J
B * * ™Run____1
"
Lake
x^Brown City
Vi..
S
h
a
r
lr
lim
*
^
C
,ty
J
«C
H
E
s«N
iNa
/
L
;
(C
lio’
s,
O
tte
'rL
s
^ l e S h erid a n | P e rrA 0^ ^ O a W e y ^
Li t L orris*
!A

/ K tfji

i ~rBelcllng
n

est]fayeti^',‘* ‘■ l y>—
-----^ I - I A P E E
jT\Ye8t|iayerit

* i-

""
“ f L I N T | IA p e e r_ ^ A • ^
\
„ a O E i v o ^ S t.Johns" 0W |O l ®
g d NA g fe
N . T O. NS A•f c n ^wVo t*l A>a*»yERNON------^ vcrl'n'on" ” E N l ^J!>Orn
EI E a t ^ IlT T 'C Ity Q p f a > \
-SSoaranac
ar an ac| >1 i C L I .Lal„gs
_____ f sGrand
Blanc
h u fg$Gnvn.ceJ|<jP^fc
-" '- e :| M i K| ^ i 1liuRflND
j ______•_

0 Oakdale 11
j I O N: I aS|
^ C a led o n ia . PP ortlands

' P E R R ^^^l^L jE B n^Srj )

Ox- •

' ^ 1 3 L » h'ollv
e ___ *____
5____ bakeAdessao
c / O . 1 Y ^A iidersonville |! Rom eo
■ •^HASLETT
a wo p f ' ^ ^ M o lln e b i feddlcvllle
#
^ L A N S IN G
Saugatu < M s ^ ^ r y r nyjnndo 0 jInstings
e T^T' rN
^ W eb
_______i
............
___
lllS -,W
ebborvlLML'[V
IRG
STO ^N H ighland
P. .O N T IA C
K a la tn a z n ) a TVL E O K N W ‘)
NashviBeoT^
Itottehvilli
t, i , i Y „ , w
I IIo\veU°
q r jrd
d - cAk ^^^.,. S
u t i ('a Mt.Cl ei
°V el'f MS Uilflfc
f
'^ g ^ M o n te itlfli ^oRanJ,Vin0oHABLOTT§ ^
u I. N G H A M„'-Y
: f VbhW o I T ^ n d n g h a m O |
£
/ Tj .South
RrtI,ti,Lyon
i^ R
J
L$K E
^
J tro ^ r^ M T ^ l i a s s g a r '^
' t :" j . rn u r i —Pinckney
SOU yi HAVEN

----OTSEGOr

X jr /" - - ” ixHLAlYlr
K»L.MA ; o N g r ^ | ^ g ^ K ? / ^
m. ---- , VAN DUREN

S /gJ C: oI lo
' ’om0^a ; 0 L a 'v r Lenee
uawc ton
ePawjRaw
° H| PKA1
aw ^

j/" > i MAR8H A tk ^ o '
I
Lawton KALAMAZOO
1^^ f
ilbrner
Ho,ncr| Pq^ q
Benton ‘H[arbor
arbor Schoolcraft0
s --" o ^9
S ch o o firaft° °jVickspurgjJ>^
”lvl<
•Josopl|-------- --------------r j ------------ ■ /— A th e tisS ljK k a u sJia
itehfle d-0^

W A SH T E N A W ^ ^Yyandotteofl
|*fManchester
y ^ | V _ _ \ ^ l i l a r i !_ . V renton , '
C arletono
Glenwood
Tecumseh0
'J o i esville
"'Addison
C oldw atcr
^D undee
B E R R ^N CaSsopolis S '
° H illsdale L E N A W E E
CH
Adriano
L E 3Hudson
M onroe
s
Bllssfleld®
TNiles /White I’lle o g ) Sturgis J Iu rrQ a k
L.
E
—
60U T H \B E N D | I
Elkhart




I

jA

j_

N

\

sisT*-

R I E

56

«CTT—'T . -- -7'-: .

...........■ .

■

E L E C T R IC R A IL W A Y S
■

■

-

Stock.— 1st pref. stock Is red. a t 105 and acc. dlvs. 2d pf. stock Is conv.
after 3 years from d ate of Issue, share for share. Into 1st pref. or com. stock,
a t option of holder. Com. Is only stk . w ith voting power. V .91, p .96, 519.
V. 92, p. 1110.
B onds.—T he Clt. R y. A L t. Co. bonds are sub. to call on any ln t. d ate a t
110 and ln t. A sink, fund, com mencing In 1907, consists of a sum sufficient
to retire $15,000 bonds yearly a t 105 and lnt.; $61,000 retired to Jan . 15 1912.
C hatt. Gas bonds are sub. to call after Jan . 1 1917 a t 105 and ln t. V. 84,
p. 805. L a P orte Gas L t. 1st m tge. are subject to call on any ln t. d ay at
105 and ln t. V. 81, p. 1496.
Dividends of 1 M% and *4%. respectively, have been paid q uar. on 1st
and 2d pref. since Ja n . 1911 to and Incl. Ja n . 1912.
INCOM E.— For year ending N ov. 30 1911, gross receipts, $229,242;
expenses and ln t., $53,353; dlvs. on 1st A 2d pref., $113,117; bal., $62,772.
RO A D .— O perates 12 miles of track In M uscatine, la . 70-lb. T
rail. S tandard gauge. 36 cars, 26 m otor and 10 trail. R em arks above
show com pany’s control of lighting business In various cities.
O FF IC E R S.— Pres., F rank T . H ulswlt; V .-P ., R ichard Schaddelee.
Sec. A T rcas., BenJ. C. Robinson; A sst. Sec-s & A sst. T reas’s, L. II. H clnke
and C. M. H a r d — V. 91, p. 96, 519; V. 92, p. 882, 1110; V. 94, p. 69, 209.

[VOL. LXXXXJV.

Bonds.— Greenfield A T urner’s Falls first m ortgage (originally $100,000)
provides for the paym ent of $2,000 annually from 1897 to 1915, Inclusive, a t
a prem ium . Sufficient of the consols Is reserved to retire the first m ort­
gage bonds a t m atu rity . T he N ortham pton A A m herst bonds are suojcct
to call a t 105 on 4 weeks’ notice, as are the bonds of the C onnecticut Valley
Street R y. T he $120,000 Connecticut Valley bonds were Issued under the
first m ortgage of the N ortham pton A A m herst S treet R y., which was origi­
nally draw n for $300,000.
D ividend.— Initial dlv. on pref.—3% — paid S ept. 1910. In 1911,
M arch, 3% ; S ep t., 3% .
EA R N IN G S.— For year ending June 30 1911, gross. $208,273; n et, after
taxes, $59,423.
RO A D .— Owns and o p erates47.054 miles of track betw een Miller’s Falls,
T urn er’s Falls, Greenfield, N ortham pton and A m herst. 41 passenger cars,
2 snow-plows, 5 other cars and 134 electric m otors.
O FF IC E R S.— P res., F . E . Pierce; Sec. A T reas., D. P . A bercrom bie Jr.;
S u p t., J . A . T ag g art.— V. 89. p. 918; V. 90, p. 1554; V. 91, p. 38, 716;
V. 93, p . 1461.
(2) G ardner W estm inster & F itchburg Street R y.— In Dec. 1899 ab­
sorbed the G ardner Electric Street Ry.
STOCK AND BONDS— Date. Interest. Outstanding. M aturity.
(1) Grand
_______
$185,000 See earnings
$185,000 ($100).
Third-rail
systom.Rapids
WaterGrand
power. Haven & Muskegon Ry.—Electric road.Stock
___ 5 F-A
185,000
1920
First m ortgage ($1,000) gold!. 1900
_______________________JJ lIn t. a t M ercantile T rust Co., B oston, Trustee
ORG AN IZA TIO N.— Incorporated In Michigan on March 6 1899 to build
‘
RO A D .— Owns 12 miles of m ain track from G ardner, through South
an electric road on fenced right of w ay, connecting th e three cities n am ed G ardner
estm inster to F itchburg, where connection Is m ade with the
In the title, a total distance of 48 miles. The road was entirely com pleted FitchburgandA WLeom
inster S treet R y.; also constructed a branch line to
and p u t In operation about May 1 1902. T hirty-year franchises In all
W achusett L ake, which was opened for traffic on May 26 1900, b ut Is
towns through which It passes; otherwise private right of way.
operated
as
a
sum
m
er
branch only. In Sept. 1908 was authorized to carry
STOCK AND BONDS— Date. Interest. Outstanding. M aturity.
and baggage. T otal, 16 miles. 26 cars.
Stock. $1,200,000................................................. ......... $1,200,000 ...................... freight
R N IN G S.— For year ending Juno 30 1911, gross, $73,395; net, $24,­
1st m tge. $1,500,000 ($1,000)1 1901 5 g J-J
1,500,000 July 1 1926 990;EAcharges,
$12,333; dividend. $9,250; surplus, $3,407.— V. 09, p. 1247.
gold ............ .................... ..- C * j ln t. a t S tandard T ru st Co., N . Y ., T rusteo.
(3) Athol & O range Street Ry.
Bonds.—The Interest on outstanding bonds was guaranteed for 5 years
O RG A N IZA TIO N .— Incorp. In M ass, on Ju ly 1 1894. Stock a u th . and
by the Security Investm ent Co. of P ittsburgh. See V. 76, p. 479.
$74,500. First m tge. $60,000, a u th . and Issued. D ate 1905; due
E A R N IN G S.— For 12 m os. ending Dec. 31 1911, gross, $317,864. In oJaut,
n . 1 1915; Interest 5% J .-J . O perates 6.864 miles of track .
•
1910, gross, $294,311; net, $109,541.
R O A D .— Extends from G rand R apids In a northw esterly direction to
(4)
T em pleton Street Ry.
*
Muskegon, w ith a branch to Spring Lake and Grand H aven. C onnects at
O
RG
A
N
IZA
TIO
N
.—
Chartered
In
Mass.
Stock
a
u
th
.
and
Issued,
$75,­
G rand taven with G > -drlch Line of steam ers for Chicago and Crosby Line 000. Mass. N orthern R ys. owns outstanding m tges of Tem pleton S t. Ry.
of steam ers for M ilwaukee, which arc In operation all the year round. Total Co. aggregating $155,000, and all of Its other d eb t, being substantially
track , 48.13 miles; 70-lb. T rail. O perates 19 passenger, 10 freight and ex­ $ 2 0 0 , 0 0 0 , the m tges. and all of this other debt being subject to a claim by
press and 3 work cars. Also does a freight, mall and A m erican exp. business prior owners of $150,000, m aturing In 1914, which Is being carried a t 4%
O FF IC E R S.— Pres.. Geo. C. Sm ith, New York; V .-P. and Gen. Mgr..
perates 17.873 miles of track.
W. K. M orley, G rand R apids; Sec. and Asst. T reas., W allace Franklin, ln t.(5) OMillers
River Street Ry.
D etroit; T reas., Carl M. Vail, N . Y.— V. 76, p. 479; V. 94. p. 207.
This com pany Is to be form ed to construct th e link betw een Millers Falls
and O range.
_____
GREEN BAY, WIS.
W ISCONSIN PUBLIC SERVICE CO.
GREENSBORO.
N. 0.
O RG A N IZA TIO N .— Form erly the Green B ay Trao. Co., b u t In 1911
NORTH CAROLINA PUBLIC SERVICE CO.
changed nam e to above title. T he Green Bay T rac. was Incorporated In
RG A N IZA TIO N .—C hartered In N orth Carolina In 1909. Purchased
W isconsin In Ju ne 1905 and was a consolidation of the Fox R iver Electric theO Greensboro
Elec. Co. O perates electric light, power and street railway
R y. A Power Co. and the Knox C onstruction Co.
In Greensboro and High P oint, and gas property In Greensboro.
In 1906 It absorbed the Green Bay Gas A Electric Co., although sep­ properties
Also
operates
the
city pum ping plant a t Greensboro, and serves the villages
a ra te organization Is m aintained. See V. 82, p. 573, 631, and V. 86, of P roxim ity, Revolution
W hite O ak. Power Is purchased from South­
p. 172, for particulars of th a t com pany. Street railw ay Jranchise Is per­ ern Power Co. In 1910 and
Jranchises had the following num ber of years to
petual and exclusive until 1918.
run; Greensboro. 28 yrs., High Point, 59 y«;s.; W inston-Salem , 58 yrs.;
STOCK AND BONDS— Date. Interest. Outstanding. M aturity also has a 30-yr. franchise In Guilford County and townships.
stock . $ 1,0 0 0 000 ($ 1 0 0 ) ............................................. $ 1 , 0 0 0 ,0 0 0 .....................
In Nov. 1911 Coler A Co. purchased a controlling Interest In the Salisbury
G. B .T rac. 1st M ..$1,000,000.1 1905 5 g J - D
725,000 Ju ne 1 0 ’35 A Spencer R y. and will operate the sam e In connection with the N orth
g ($1 .00 0 ).............................cjU nion T rust Co., D etroit, T rustee.
Carolina Public Service Co. V. 93, p. 1324.
Green Bay G A E 1st A ref\ 1905 5 g M-N
467,000 May 1 1935
STOCK AND BONDS— Date. Interest. Outstanding. M aturity.
M. $750,000. g ($ l,0 0 0 ).c#J ln t. at W isconsin T r. Co., Mllw . T ru stee.
$3.500.000............................................................. $3,500,000 ......................
Bonds.—The Green Bay T raction Co. bonds are subject to call a t 105 Stock
First
A ref. m tge. $3,500,0001 1909 5 A-O
803,000 Apr 1 1934
until 1925; thereafter at par. The Green Bay Gas & El. bonds are subject
($100, $500 and $1,000). _cf ln t. a t G uardian T rust Co., N. Y ., trustee.
to call a t 105 until 1924; thereafter a t par.
G
rcensb.
E
l.
Co.
1st
M.
$400,-\
1902
5
g
A-O
See
te x t. April 1 1927
E A R N IN G S.— Exclusive of Green Bay Gas A Electric Co.
000, gold ($500 A $1,000) .c !In t. a t T rust Co. of Am erica, N. Y ., trustee.
Calendar Year.
Cross.
Operating Expenses.
Net.
Elec. Co. new M.) 1905 5 g J-D
See te x t. June 1 1030
1909 ......................................................$164,441
$95,361
$69,080 Greensb.
$750,000 g($500A $l,000)c*]lnt. a t M ercantile T ru st Co., N . Y ., T rustee.
190H.................................................... 148,538
99,980
48,558
onds.— Of the 1st A ref. m tge., $397,000 are reserved to retire like
RO A D .—Owns and operates all lines In the city of Green Bay; also a line amBount
of bonds now outstanding of 1st and 2d m tges. of G reensboro Elec.
from Green Bay to De Pere City, and branch to Duck Creek, and a line from Co., $300,000
are held In treasury and $2,000,000 are reserved for futu re Im­
Green Bay to W est De Pere. Little R apids, W rightstow n and K aukanna; provem ents and
acquisitions under proper lim itations. V. 88, p. 1128.
total 40 80 miles. 45 and 78-lb. rail: 30 m otor cars; 12 trailers.
Subject
to
call
any Int. date a t 105 and ln t. Sink. fd. of 1 % per annum
O F F IC E R S .— P res., J . H . E m m ert, D etroit, Mich; V .-P. and Gen. M gr., of gross incomeonJuly
1915 to 1920; 1 *4% Ju ly 1920-1925 and 2% 1925 to
Jo h n T . H untington, Green Bay; Sec., B. L. P arker, Green Bay; T reas., m atu rity .
J . J . YVrogovIch, Green B ay.— V. 82, p. 568; V. 92, p. 1701; V 94, p. 68. EA R N IN G S.— For 12 m os. ending A pr. 30 1911, gross, $227,453; net
after taxes, $89,081; Interest, $51,333; surplus, $37,718.
ROA D.— Owns 15 miles of track In and around Greensboro and In High
GREENFIELD, MASS.
P oint. 60 and 70-lb. T and 90-lb. girder rails. S tandard gauge. 25 cars.
M ASSACHUSETTS NORTHERN RAILW AYS.
to High P oint and an Interurban line between G reensboioand
O RG A N IZA TIO N .— Organized In B oston on N ov. 16 1911. Is a volun­ Extension
are proposed. Owns Llndlcy Park a t G reensboro.
tary association m anaged by a board of seven trustees. V. 93, p. 1462, W Oinston-Salem
F
F
IC
E
R S .— Pres.. B. S. Coler; V .-P. A Gen. M gr., J . P. Clark; V .-P..
1599, 1787. C ontrols through stock ownership the following companies:
Z. V Taylor; Sec. A T reas., L . H . Hole Jr.; A sst. M gr., C. H A ndrews,
A thol A O range S treet R y.
IMlllers R iver S treet R y. (proposed). —
V. 88, p. 1128; V. 91, p. 1512; V. 93, p. 1324.
C onnecticut Valley S treet R y.
ITem pleton S treet R y.
G ardner W cstm in. A F ltchb. S t. R y .|
T he system com prises 88 miles of road, serving 15 cities and towns In
GREENVILLE, S. 0.
C entral and N orthern M assachusetts. I t Is proposed to run through cars
G REEN VILLE TRACTION CO - A n (ley r- ad.
for both passenger and express service. It Is contem plated to construct a
In Sept. 1910 Southern Power Co. purchased control.
line connecting Millers Falls and Orange and an extension from BaldwinsO RG A N IZA TIO N .— Incorporated In Souiu Cai linn on Sept. 7 1899.
vlllc to W Inchcndon.
Power Is supplied to this com pany by the OreenvIMe Carolina Power Co.
Shares—
Outstanding. Last D iv. for
particulars of which see V. 85, p. 224. O perates 15 miles of track.
Common $1,370,000 ($100).......................... - ..................$1,370,000 ......................
STOCK AND BONDS— Dale. Interest. Outstanding. M a tu rity.
Convertible com ., $183,700 ($100).............. .................. 183,700 ..................... Stock,
($100).................................................
$306,000 ......................
P ref $1,100,000 ($100) cum (see text) Q -F ------------- 400,000 ___ _______ First m$500,000
tge $250,000 currency) 1901 5 F-A
250,000 Fob 1 1931
.STOCK.— A dditional pref. shares only to be Issued when net earns, for
($1,000 and $500)............ c*JInterest a t Girard T rust Co., Phlla.. T rustee.
12 mos. ending not m ore th an 180 days prior to date of Issue shall have been
O
FF
IC
E
R
S.—
Pres.,
Z.
V.
Taylor;
V
.-P.,
W
.
S.
Leo;
Sec., N. A. Cocke:
1 H tim es am ount necessary to pay dlv. on shares o ut and applied for. T reas., E . Thom ason.— V. 91, p. 1511.
Conv. com . shares m ay be exchanged for an equal am ount of pref. when
net earnings for 12 mos. ending not more than 180 days prior to date of
GREEN VILLE SPARTANBURG & ANDERSON RY.— A trolley road.
application for conversion shall have been l H tim es am ount necessary to
Is controlled by Southern Power Co. Interests. It Is proposed upon com­
pay dlvs. on pref. out and th at to be Issued In exchange for conv. com . As pletion
of this com pany’s line and the line of the Piedm ont (N. C.) T rac. Co.
to d lvs.,co n v . com . Is treated as com m on stock.
the two com panies Into one com pany to be known as the Pied­
Dlvs. on pref. are 5% to N ov. I 1914, lncl.; 5 H % to N ov. 1 1917, Incl., to merge
A N orthern R y. Co.
•
and 6% thereafter. In case of liquidation pref. Is entitled to $ 110 per share m ont
O
RG
A
N
TIO N .— Incorp. In South Carolina and acquired the Ander­
up to N ov. 1 1914, $115 to N ov. 1 1917 and $120 thereafter. V. 93, p. 1599. son T ractionIZACo.,
sold a t receiver’s sale O ct. 12 1909. Stock a u th ., $4,­
E A R N IN G S.— For year ending Ju ne 30 1011, gross, $377,128. For year 000,000.
ending S ept. 30 1910, gross, $341,356.
RO A D .— Is constructing a line between Greenwood and Spartanburg,
O F F IC E R S .—Sec. A T reas., I). P . Abercrom bie J r., Greenfield, M ass.— touching
Belton, Pclzcr and Greenville. H as In operation 10-mfle extension
V. 93, p. 1462, 1599, 1787.
between
Belton and A nderson. Also operates 8 miles of track In and
(1) C onnecticut Valley Street R y.—Trolley.
around A nderson.
O F F IC E R S .— P res., J . B. D uke, N. Y.; V .-P., W . S. Lee, C harlotte.
O RG A N IZA TIO N .— Incorporated In 1899. Commenced Ja n . 22 1900.
Is a consolidation on April 1 1905 of the N ortham pton A A m herst S treet N. C.; T reas., E . Thom ason, C harlotte, N. C. V. 89, p. 1346; V.^92,
R y., the Greenfield A T urner’s Falls Street R y. and the Greenfield Deerfield p. 1499.
_____
A N ortham pton Street R y.. as per plan In V. 80, p 1111.
In May 1909 Gov. D raper of Mass, signed a bill authorizing not exceeding
GROTON,
CONN.
$750,000 of m tge. bonds or notes, subject to approval of R R . Com. V.
GROTON & STONINGTON STREET RY.— A trolley road.
88, p. 1313. On O ct. 4 1909 approved an Issue of not exceeding $700,000
O RG A N IZA TIO N .— Incorporated In C onnecticut on Aug. 17 1903.
5% bonds to refund present outstanding bonded debt and for additions and
Im provem ents. V. 89. p. 918
STOCK AND BONDS— Date. Interest. Outstanding. M aturity.
In Ju ne 1910 Mass. R R . Comm, approved an Issue of $100,000 pref. stock
$400,000 ($100)..........................................
$400,000 See tex t.
(having voting power) to be offered In exchange a t par for equal am ount Common.
Pref,
6% , $ 2 0 0 ,0 0 0 ($ 10 0 ) . . ...................................
20 0 .0 0 0
See tex t.
of 1st A ref. bonds. V. 90, p. 1554; V .9 1 ,p .3 8 . O nSept. 1 1910Comm. ap- 1st mtge
$375,000.
gold)
1904
5
g
J-J
375.000 July 1 1924.
a furth er Issue of $20,000 pref. and $80,000 additional bonds under
Sroved
($1,000)
..........................e
/In
terest
at
International
Trust
Co.,
B oston.
ortham pton A A m herst 1st m tge., to retire $100,000 1st A ref. bonds. Notes payable June 30 1911.............................................
34,579 ......................
V. 91, p. 716. There are now no 1st A ref. bonds outstanding.
Bonds.— No s. f., but bonds are subject to call a t any tim e a t 120 and
STOCK AND BONDS— Date. Interest. Outstanding. M aturity. Interest. T rustee Is T reasurer of S tate of C onnecticut.
D ividends.—-On pref in 1905-06. 6 % : on c m -n In 1905-06. 3 % . On
Stock, com .. $500,000 ($100)......................................... $500,000 1906-07.2%
M-S
120 000 S e p t’l l . 3% Dref. 1906-07, 7 H % . On pref., 1007-08. 6 %; on com ., 1907-08. 1M % .
Pref.,$120.000(6% cum .) ($100)____
C onnecticut Valley St Ry first/ 1900 5 g M-S
120,000 Sept 1 1920 In 1908-09. com .. 2 H % ; pref.. 6% : In 1909-10, com ., 3 %: pref., 6%
m ortgage, gold ($1,000) c*l In t. a t Old Colony T rust Co., Boston, T rust. In 1910-11. com ., 2 H % : pref.. 6% .
N ortham pton A A m herst first/ 1900 5 g M-S
180,000 Sept. I 1920
E A R N IN G S .- For year ending Ju n e 30 1911, gross, $119,438; net,
m tge, $180,000 g ($1,0 0 0 )c)ln t. a t Old Colony T rust Co., Boston, T rust. $57,237; fixed charges, $35,831; new con stru ct.. $1,303; dlvs. (pref. 6% ,
Greenfield Deerfield A N orth) 1903 5 g J-J
150,000 Ju ly 1 1923 com ., 2 H % ). $22,000; deficit, $1,897.
RO A D .— O perates 20>$ miles of track from G rot' n, through Noanic,
first m ortgage, $150,000,)In t. a t M ercantile T rust Co., Boston, T rus.,
gold ($ 1,0 0 0 and $500) ..c * J No sinking fund and bonds cannot be called W est M ystic, M ystic. Stonlngton and Paw catuck. to W esterly R. I. P u t
Greenfield A T urner’s Falls/ 1896 5 g J-D
70.000 June 1 1916 in operation on Mav 6 1905 Connects bv ferry w ith W w London. S tan d ­
first m tge, g, sinking fun d . (In terest a t Beacon T rust Co., Boston.
ard gauge, 70-lb. T rail. 18 passenger and 3 othcr£cars.
Green A T urn Falls cons m tge] 1903 5 g J-D
60,000 June 1 1923
O F F IC E R S .— Pres. Thos. H am ilton. New 1.0 non; V .-P., B. F. W ill­
$130,000 g ($500 $1,000).c* \In tere st a t Beacon T rust Co., Boston, T ru st. iam s. Mystic: See., Chas. D. N oyes, Norw ch T reas., Costello L lp p ltt,
C urrent liabilities June 30 1911 .......................... ..
104,567 ...................... Norwich’ Gen. M gr., Thom as W . Ryley My — V. 8 0 . p. 2344.




GULFPORT, MISS.

Q U L FPO R T & M IS S IS S IP P I COAST T R A C TIO N CO.

O RG A N IZA TIO N .— Incorporated In Mississippi In 1005. Purchased
the Biloxi Electric R y. A Pow er Co. and th e G ulfport D evelopm ent Co.
In 1007 Increased stock from 51,000,000 to 52.000.000.
STOCK AND BONDS— Date. Interest. Outstanding. M aturity•
Stock. 52.000,000 (5100).................................................. 51.000.000 ......................
1st m ort., 51.000,000, gold.l 1905 6 g A-O
1.000,000 S ept. 30 '35
(51.000)............................— j In t. a t H ibernia Bk. A T r. Co., N. O rl.. Trus.
Second m o r tg a g e g o ld \ 1907 6 g J-J
002,000 Ju ly 1 1932
(5 U 0 0 0 ).................................cj H ibernia Bank A T ru st Co., T rustee.
BUI. Bl. R A P . 1st m tge., gl 1903 0 g J-J
200,000
1923
(5100. 5500 and 51.000) ./ i n t . a t H ibernia Bk. A T r. Co.. New Orleans.
Ilonds.—T he bonds of 1905 arc subject to call on O ct. 1 In any year a t
105; no sinking fund. Interest on 2d m tge. Is payable a t F irst N at. B ank,
G ulfport. Bonds have no s. f. and are not subject to call. T he Biloxi
Electric Railw ay A Power bonds are subject to call a t 100 and Interest.
E A R N IN G S.— For year ending Ju ne 30 1911, gross, 5255,085.
R O A D .— O perates 13 miles of track from G ulfport to Biloxi and 11 miles
from G ulfport to Pass C hristian; also 6 miles of track In Biloxi; to ta l, 30 m .
O FF IC E R S.— Pres.. J . T . Jones, G ulfport; V .-P. and A ud., R . E . Pow­
ers, Bulfalo, N . Y .;S ec., H . C. E ld er;T reas., F . V. O sborne, G ulfport; Gen.
M gr., W. F . Gorenllo, G ulfport.— V. 83, p. 95.

.

57

E L E C T R IC R A IL W A Y S

J an ., 1912. J

HAGERSTOWN, MD.

H A G E R ST O W N R A ILW A Y .—A trolley road.

In Deo. 1911 it was understood control of road had been acquired by In­
terests Identified with the Frederick R R .
O RG A N IZA TIO N . —C hartered March 12 1800 In p erpetuity. Furnishes
commercial electric lighting. Franchises are perpetual. On May 20 1908
shareholders voted to take over the assets of the Hagerstown A N orthern
R R .. (which had consolidated with the Franklin County R R . In F eb. 1907),
the H agerstown A Boonsboro Ry. and the H agerstown A M yersvllle R y.,
and Increased stock from 5200,000 to 5400,000. V. 80, p. 1343.
Interests Identified w ith this com pany In Ju ly 1901 purchased a m ajority
of the stock and all of the bonds of the Myersvllle A Catoctln Electric R y..
b u t shortly thereafter directors of the latter m ade a new lease (expiring
Fob. 1 1914) of the road to the Frederick A M iddletown R R ., now m erged
Into Frederick R R ., which see on a previous page. In Oot. 1911 It was re­
ported th at H agerstown R y. had petitioned M aryland Commission for per­
mission to purchase 207 shares of Myersvllle A C atoctln stock.
STOCK AND BONDS— Date. Interest. Outstanding. M aturity.
Stock. 5400,000 (550) .................................................. 5380,000 ......................
1st m ortgage. 5200.000.1 1896 6 g Q-F
200,000 May 11918
gold............................................ JInterest at Eavy Lane A Co., H agerstown
Hager & Myers Ry. 5125,000. 1901 5%
125.000
1921
Hagers A Dooncsb Ry 1st Ml 1002 5 F-A
120.000 Aug 1 1922
5120.000 (5500 A 51,000)c*/ In t. a t M aryland S. A T r. C o..H agerstown
Hagers A Nor RR 1st mtge 1907 5 g F A
120.000
1927
5 2 0 0 .0 0 0 gold (51.000, $500)Int. a t M aryland 8. A Tr. Co., H agerstow n.
aud 5100)............................ c*J
T rustee, W m . Jennings.
Bonds.—The Hagerstown A Booncsboro Ry. bonds are redeem able 1912
afc par. The Hagerstown A N orthern R R . bonds are subject to call In 1917
E A R N IN G S.— For 12 m os. end. Dec. 31 1910, gross, 5123,802. In
1909, gross, 5110,203.
R O A D .—O perates 40 4 m. of track as follows: H agerstown to W illiam s
port and Funkstow n. 13 m.; Funkstow n to Boonsboro, 10 m .; Boonsboro
across South Mountain to Mversvllle (where connection Is m ade w ith Fred­
erick R R .), 7 4 miles, and H agerstown to Shady Grove (where connection
Is m ade with Cham bcrsburg Grcencastle A W aynesboro Electric R y .), 10
allies. S tandard gauge.— V. 84, p. 339; V. 80, p. 1343.

HAMPTON, VA.

N EW PO R T N EW S & O LD PO IN T R A IL W A Y & E L E C T R IC .

In Ja n . 1912 control of road changed hands and new officers elected as
below. V. 94, p. 208.
O R G A N IZA TIO N .—In 1898 purchased the N ew port News H am pton A
Old P oint Ry. and acquired the Chesapeake Light A Power Co. a t H am pton,
Va. Later acquired the Citizens’ Hallway, Light A Power Co. through
ownership of 5195,000 out of a total Issue of 5200.000 capital stock, which
com pany In turn acquired 570,000 of the 5100,000 capital stock and entire
bond Issue of the Newport News Gas Co. The Newport News A Old Point
Ry. A Elec, also has acquired 595.*00 of the 5100.000 stock of Danville
Ry. A Elec. Co. and all th at com pany’s bonds. In Nov. 1905 acquired
entire capital stock of the H am pton Roads T raction Co., successor to the
H am pton Roads Railway A Electric Co., sold under foreclosure, and com
prising 21 miles of track. Form erly also controlled the Norfolk A A tlantic
Term inal Co., b u t entire stock of this com pany was sold In Nov. 1906 to
the Norfolk A Portsm outh T raction Co. Controls the railw ay, electric­
lighting and Ice business In N ew port News, H am pton, Old Point and Phoe­
bus. Also controls gas business In N ew port Nows. A ug. 18 1908 com pany
was granted permission to Increase fares from 5 to 10 cents between N ew port
News and H am pton. Fare from Newport News to Old P oint, 15 cents.
In Nov. 1910 com pany purchased 5606,000 gen. M. bonds o u t of proceeds
realized from sale of certain securities deposited as collateral for said bonds.
V. 91, p .7 9 1 , 1254. 1447. Sec details of re-financing In V. 91. p. 1447.
STOCK AND B O N D S— Date. Interest. Outstanding. M aturity.
Common, 51,075,000 (5100)....................................- 51.075.000 ......................
Prof 5% cum (5100)_________ . . . 5 J-J
725,000 July 2 '02. 2 4 %
F irst m ortgage. 5900.000./ 1898 5 g
M-N 900.000 N ov.
gold (51,00O e ac h )............c*l Interest a t Alex Bown A Sons, B alt., Md.
F irst m tge Citizens Ry L t A PJ 1900 5 g
M-N 800,000 May
5800,000 (51,000). gold.c*) M aryland T rust Co., Baltim ore, T rustee
G uaranteed prln and Int — J Interest a t Alex. Brown A Sons, Baltim ore.
General m ortgage, 54,000. f 1901 5 g
M-S1,602.000 Mch
0 0 0 , gold (51,000 c a c h )..c * (In t. a t Alex. Brown & Sons, Baltim ore, M d.,
I or a t com pany’s agency In New Y ork.
Bonds.—The Maryland T rust Co.. Baltim ore, Is trustee of both the first
and general m ortgages of the Newport News A Old Point Railw ay A
Electric. T he Newport News A Old Point bonds of 1898 are subject to
call a t 110 on nnv Interest day at 60 days* notice. The Citizens’ Railw ay,
Light A Power f,’o bond* are onhlort to call at 110 on any Interest day at
60 days' notice; they arc guaranteed by the Newport News A Old P oint Ry.
A Electric. See V. 71, p. 84. Of the 54.000,000 general m ortgage bonds,
51,700.000 arc reserved to take up at m aturity the outstanding first m ort­
gage bonds of the Newport News A Old Point Ry. A Elec, and the Citizens’
R y., L t. A Pow .. and 5698,000 have been retired.
In addition to the m ortgage lien, bonds arc secured by a deposit of the
stock of the Citizens’ Railway, Light A Power Co., H am pton R oads T rac.
Co.. Danville Ry. A Electric Co., and bonds of the latter com pany.
EARNING.S.— Of the Newport News A Old Point R y. A Elec, and
controlled com panies for 12 m onths ending O ct. 31 1910, gross, 5800,381;
net. 5337,547; deductions, 5258,561; surplus, 578,986.
ROA D. —Including Citizens* R v., Light A Power Co., H am pton R oads
T rac Co. and the Danville R y. A Elec. Co., operates 50.60 miles of track.
O FF IC E R S. -Pres., C. Loomis Allen, Syracuse, N. Y.; V .-P ., E . F.
Peck. Schenectady, N. Y.; Sec. A T reas.. William S tu a rt.— V. 88, p. 452,
821, 1501; V. 91, p. 791, 1254, 1447; V. 94, p. 208.

HARRISBURG, PA.

CEN TRA L PEN N SY LV A N IA TRA CTIO N CO.

O R G A N IZA TIO N .—Incorporated In Pennsylvania on Ju ly 9 1903, and
leased the H arrisburg Traction Co. and subsidiary lines a t a guaranteed
rental of 6% . The H arrisburg Traction Co. stockholders were allowed to
subscribe for the new stock, share for share: has no bonds. An assessm ent
of 10% (55 pf*r share) was called on the stock In Aug. 1905, see V. 81. p.
725). 10% was called in 1907 and 10% April 1 1908; In March 1909. 4%
was called. V. 88. p. 563. In March 1909 and again In Feb. 1911 a 4% dlv.
was declared and credited In paym ent of 4% assessm ent on stock.
V. 92, p. 321. On O ctober 17 1903 acquired a m ajority of the 5200,000
stock of the Peoples’ Bridge Co. The Llnglcstown A Blue M ountain
Railw ay Co., which Is controlled through stock ow nership, was p ut In
operation to Llnglcstown on July 1 1904. Owns entire stock of the
H arrisburg A Hum m clstown Ry. and guarantees Its bonds, prln. and Int.
In 1907 the D auphin Street R y. was incorporated to build a trolley line
from H arrisburg to D auphin. W ork on this proposed line held up by
Inability to secure rights of w ay. Franchises arc perpetual.




In Ju ne 1909 shareholders authorized an Issue of 52,000,000 first m ort­
gage bonds. V. 88, p. 1559.
STOCK AND BONDS— Date. Interest. Outstanding. M aturity.
A-O
152,100,0001 O ct’11,3%
Stock. 52,100,000 (550)......................
i (50 % pd.) / (See text)
Ling. A Bl. Mtn. M tge. 5125,-1 1905 5 A-O
105,000 A pr. 11935
000 g. (5100 and 5500) — cf In t. a t H arrisburg T ru st Co., T rustee.
H arr. A H um . 1st M ., 5200,-1 1905 4 ^ g M-N 200.000 A pr. 1 1935
000. gu. p. and l ...............
First m ortgage 52,000.0001 1909 4 4 M-N
300,000 Ju ly 1 1929
(5500 and 51.000)............ ../I n te r e s t a t H arrisburg T rust Co., T rustee.
Bonds.— Both Issues of 1905 bonds are guaranteed principal and Interest
by endorsem ent by the C entral P enn. T raction Co. Of the Ling. A Blue
M ountain m ortgage bonds, 520.000 are reserved for Pennsylvania exten­
sions. These bonds are subject to call afte r 1915 a t 105 and Interest.
Dividends.— Initial dlv.— 1%—declared March 1909 to he credited In
paym ent of call on the stock. V. 88, p. 563. O ct. 1909 2% and sam e
am ount sem i-annually to and Including O ct. 1910. In 1911. F eb., 4%
(credited to paym ent of call on stock); A pril, 3% : O ct.. 3% .
R E P O R T .— For fiscal year ending Ju ne 30 1911, gross, 5851,295; n et,
5490,160; rentals, taxes and Int., 5240,946; cash dlvs. (see above), 5105,000;
surplus, 5144,214, of which 598,235 was used for depreciation, Ac.
ROAD - Leases and operates to . 32 miles of iiuck as lollops. E ast H ar­
risburg Pass. R y., 22.35; H arrisburg City Pass. R y.. 15.61. Citizens' Pass.
R y., 10.17; M iddletown H. A S ., 9.72; Llnglestown A Blue M ountain R y..
5.63: H arrisburg A Hum m elstown R y.. 6.84. Has 152 ears.
O FF IC E R S.— Pres., F . B. Musser; V .-P ., B. F . M eyers; A ct. Sec. A
T reas., John O’Connell; S u p t., F . M. D avis, all of H arrisburg.— V. 83, p.
491; V. 88. p. 563, 1559; V. 92, p. 321, 794.
(1) ^H arrisburg T ractio n .—A trolley road.
In June 1903 was leased to theC entral Pennsylvania T raction C o .at 6%
on stock. A stock dividend of 5% was paid a t th a t tim e. Increasing o u t­
standing stock to 5 2 , loo.uoo The Traction Co. holds In Its treasury
5700,000 (all) stock of the E ast H arrisburg Pass. R y. and 5235,000 (all)
of Citizens’ Stock. V. 60, p . 873.
STOCK AND BONDS— P ar. Date. Interest. Outstanding. Last D lv .
H arrisburg TractlonJ
stock, 52,500.000
50 ____ 6 F-A 52.100.000 See te x t.
Citizens’ Passenger— \ ____ 1894 6 g M-N
75,000 May 1 1924
1st M., 575,000. g o ld /In t. at Com’w ealth G uar. T r. Co., H arrisburg
Leased to E . liar. Pass. R y .—
H arris. City Pass. stU 25 _____
12 J-J
125,000 Lease ren t.
M lddlet’wn H .A S.stk 50 ____
10 J-J
100,000 Lease ren t.
D IV ID E N D S —The dividends In Feb. and Aug. 1899 aggregating 4%
were paid In stock, the money being used In reducing lloatlng d eb t. Divi­
dend period changed to quarterly, and 1 % paid In cash O ct. 1899. In 1900
4% . Dividends again changed to sem i-annual and 2 ,4 % paid Feb. 1901
and 2 4 % on Aug. 1. In 1902 5% . In 1903. 6 %. also scrip dividend of 5 %
on A ug. 1. 1904 to 1911 Incl., 6% per a n n . In 1912, F eb., 3% .
R ii,\l). - 1*;m braces 4 7 m desof track now operaLM t»y t'cn iral P e n n . T rac.
O FF IC E R S.—Pres.. Edw ard Bailey; V .-P ., B. F . Meyers; Sec. and T reas.,
W . .J. Colder; S upt. a n d P ur. A gt.. F. B. M usser, all of H arrisburg. —V. 77,
p. 196.
VALLEY TRACTION CO.—A trolley road.
O RG A N IZA TIO N .— Incorporated In Pennsylvania on N ov. 18 1903 and
controls through ownership and lease the H arrisburg A M echanlcsburg
Electric Railway Co., the W hite Hill A M echanlscburg Electric R y., th e
W est Farvlew A Marysville Electric Ry .th e Falrvlew A R iverton Pass. R y .,
the Carlisle A Mcchanlsburg St. R y.. the Camp Hill A H arrisburg Pass. R y .,
the H arrisburg A R iverton St. R y. and the U nited Electric Co
In April 1911 Increased a u th . com . stock from 5500,000 to 51,500,000.
V. 92, p. 1245.
STOCK AND BONDS— Date. Interest. Outstanding. M aturity.
Common, 51,500.000 (5 5 0 )________ __________ 5300,000 ......................
P f.. 5500,000. 5% n.C. (550) ........................................
350 030 ......................
1st m tge., 5700.000. gold! 1903 5 g A-O
555,500 O ct. 1 1933
(5100 and 5500) ______ c * /In t. at Farm ers’ T r Co.. Carlisle. P a .. T r.
H. A M. 1st M., 5224,000. g. . 1894 0 g M-S
144.500 S ept. 1914
Interest Is payable a t office of trustee, the H arrisburg T ru st Co
Bonds.— Val. T rac. bonds are subject to call a t 110 A sinking fund of
55.000 per annum commenced O ct. 1 1908.
EA R N IN G S.— F or calendar year 1910, gross, 5238.834; net, 596,192;
taxes and Interest, 543,231; Im provem ents, 543,906; surplus, 59.055.
HOAD —O perates 41.23 miles of i.aCK from tlarilsuu ig lo t ah view;
M arysville, R iverton, New C um berland, W hite Hill, Camp Hill, Shlrem anstow n, M echanlcsburg. Bolling Springs and Carlisle. 31 cars. Gauge,
5 ft 2 In.; 50 and 100-lb. girder and T-rall
O FF IC E R S.— Pres., M. C K ennedy. Cham hershurg: Sec.-T reas.. \V. L.
Ritchey, Cham bersburg; A ud.. C. M. D avison. C ham bersburg; S upt..
C. II. Bishop, Lcm oync.—V . 78. p. 1393; V . 92, p . 1245.

HATTIESBURG, MISS.

H A T T IE SB U R Q TRA CTIO N CO.

In Sept. 1911 II. L. D oherty A Co. acquired control.
O R G A N IZA TIO N .—Organized In 1906. Sept. 2 1907 purchased H at­
tiesburg Gas. Co. and H attiesburg Light A Power Co., giving com pany
a monopoly of gas, street railway and electric light business of city. S treet
railway franchise 25 years from 1906.
STOCK AND BON DS— Date. Interest. Outstanding. M aturity.
Stock (5500.000).................................................................. 5500.000 ......................
1st mtge 5300.000 (51.000)1 1908 6 J-J
280,000 Jan . 1 1928
g1old.....................................
c*jS tan d ard T ru st Co.. New Y ork. T rustee.
1938
Bonds.— Sinking fund retires by purchase 55.000 bonds annually, begin­
ning11940
Jan . 1 1909. a t a prem ium up to a 5% basis; bonds cannot be called.
V. 87, n. 97. 520,000 have been retired.
RO A D .— Has com pleted 7 miles of track . Began operations S ept. 12
J909.
1 1941New power house w ith 825 k. w. capacity p u t In operation S ep t. 1
E A R N IN G S.— For 9 m onths ending S ept. 30 1910, Gross, 565.602;
n et. 527,102; chgs., 512,600; su rp ., 5M .502.
O FF IC E R S.— Pres., S. E . Travis; V .-Ps., II. S. Stevens and H . A.
Camp; See. A T reas., N . B. Blount; Gen. M gr., C. Z. Stevens.— V. 88, p.
024; V. 93, p. 731.

HAVERHILL, MASS.

NEW H A M PSH IR E ELEC TR IC RY S.

O RG AN IZA TIO N.—Organized In August 1905 as successor u nder
foreclosure of the New H am pshire Traction Co , as per plan In V. 79. p .
2205. Company Is managed by a board of trustees. Owns and controls
the following companies;
H averhill Plalstow A Newton S t. R y .
A m esbury A H am pton S t. R y.
H udson Pelham A Salem S t. R y.
Canoble Lake Co.
Dover Som crsw. A R och. S t. R y. Lawrence A M ethuen S t. R y.
Lowell A Pelham S t. R y.
G ranite S tate Land Co.
Portsm outh A E xeter S t. R y.
H averhill A Am esbury S t. R y.
Rock’g’h Co. L t. A Pow . Co.
Haverhill A Plalstow S t. R y.
H averhill A Southern N . II. S t. Ry Scabrook A H am pt. Beach S t. R y .
All of the capita/ stocks of these companies arc owned by th e New H am p­
shire Electric R ys.. as are also the outstanding bonds of all the com panies,
with the exception of those given In table below. Franchises of all the con­
stitu ent companies are perpetual.
A five-year contract for power was m ade w ith th e E xeter A H am pt.
Elec. Co. In July 1908.
Portsmouth A Exeter St. R y. Receivership.— On J a n . 20 1010 D. A. Belden
was appointed receiver. V. 90. p. 237. On Dec. 12 1911 Judge Aldrich
In U. S. Circuit C ourt ordered sale of road. V. 93, p. 1669. It Is expected
road will be sold about M arch 1912. If no purchaser Is found road Is to be
dism antled.
STOCK AND BONDS— Date. Interest Outstanding. Last D lv.
5 3 .9 0 0 .2 0 0 ..........................
Common, 54 .0 0 0 .0 0 0 (5 1 0 0 ) ....................................
P r c f .4 % n - c , 5 4 .0 0 0 .0 0 0 ( 5 1 0 0 ) -----J-J
3 .3 9 0 ,5 0 0 Ja n . 3 1 ’12 1 4
Coll tru st notes 5200,000 gold............
5%
120.000 July 1 1912
U N D E R L Y IN G L IE N S .
Dover Somers A Roch 1st M.)
1901 5 g J-J
g, 5300.000 (51.000), c
Sec te x t. Ju ly l 1921
55,000 per ann begins 1904;)Interest a t American T rust Co.. Boston
bonds cannot be called— ,-J 1899 5 g A-O
See te x t. O ct 1 1919
Amesbury A H am pton 1st M
‘ * .lln
* t a t Beacon Tr. Co.. B oston, Tru8*ce.
gold. 5 1 0 0 .0 0 0 (5 1 ,0 0 0 ) . . . ; J“ iTrustee.
"

58

Bonds.—Of the $300,000 of the Dover Som . A Roch. bonds, all Issued,
$174,000 are owned by the New H am p. Elec. R ys. Of the $100,000 Ames
A H am p. bonds, all Issued, $45,000 are owned by the N . H . Elec. R ys.
$6,000 A mes. A HamD. bonds and $39,000 Dov. Som . A Roch. bonds In
s. f. Jan . 1 1912. Coll, notes were to provide for repairing and rebuilding
H averhill A A m es., and are secured by securities of subsidiary com panies.
T hey fell due J a n . 1 1912 b u t were extended for 6 m os. to Ju ly 1 1912.
E A R N IN G S.— For year ending June 30 1911, gross, $791,163; n et, $240,­
462; Int. and taxes, $47,014; surplus, $193,448. In 1910, gross, $751,975;
n et, $211,789; Int. and taxes, $43,028; surplus, $168,761.
D IV ID E N D S .— C om pany paid 1% each 6 mos. on pref. since Ju ly 1908
to and lncl. Ja n . 1910; Ju ly 1910 and sem i-annually since, 1>$%.
R O A D .— Com panies controlled (Including the H averhill A A m esbury
S t. R y.) operate 146 miles of track connecting N ashua, Pelham , Lowell,
Law rence, M ethuen, H averhill, Salem, M crrlmac, A m esbury, Salisbury,
N ew buryport and Salisbury, Seabrook and H am pton beaches, E xeter and
P ortsm o u th, Dover, Som ersw orth, Rochester and E ast R ochester—all
points In N. II. or Mass. Com pany owns several pleasure resorts. Also
does electric-lighting business. Population served, 500,000.
O F F IC E R S .— P res., D. A. Belden, H averhill; V .-P .. M. N . B uckner,
New York: Sec. and T rcas., F . J . H orne, New Y ork. V. 86. p. 420, 668.
1042; V. 88, p. 1500; V. 90, p. 237; V. 91, p. 215.
(1) H averhill & A m esbury Street R y.—Trolley road.
On June 1 1909 the New H am pshire Elec. R y. acquired control. The
purchase Includes all equity above the $290,000 bonds outstanding. V.
88. p. 1499.
STOCK AND BONDS— Date. Interest. Outstandlno. M aturity.
Stock $250,000 (par $100)_________ See te x t
$150,000 O ct. *97. .1%
H averhill A A m esbury consol/ 1892 5 g J-J
290.000 July 1 1912
m tge $290,000 g ($1,000)c*l Interest a t A m erican T ru st Co., B oston, Trus.
D IV ID E N D S.— None since O ct. 1897.
RO A D .— H as 27.4 m iles of track . Including sidings, A c., extending from
H averhill through M errlmac, A m esbury and Salisbury to N ew buryport.
w ith lines along Salisbury B each. 65 cars.
E A R N IN G S.— For year endlngV une 30 1911, gross, $155,694; not, $54,­
312; Int., taxes, Ac., $17,620; surplus, $36,692.

HAZLETON, PA.

W ILK ES-B A RR E & HAZLETON RR.
O R G A N IZA TIO N .— Incorporated In New Jersey M ay 1901, and acquired
the entire ($1,500,000) capital stock and ($1,500,000) bonds of the WilkesB arre A H azleton Railway Co. (Pennsylvania Incorporation) and deposited
th e sam e, together w ith $140,000 (entire Issue) of the Lehigh T raction Co.’s
6% certificates of Indebtedness and $922,200 of the stock of $1,000,000 of
th e Lehigh T raction Co. as security for the W ilkes-Barre A H azleton R ail­
road Co. Issue of first collateral tru st m ortgage 5% gold bonds. V. 72.
p. 1281. Franchises are 999 years In and around H azleton and perpetual
from H azleton to W ilkes-Barre.
STOCK AND BONDS— Date. Interest. Outstandlno. M aturity.
Com mon $2,500,000 ($100)________ ....................$2,500,000
P ref 6 % non-cum $700,000___
185,600
■ Collateral tru st m ortgage $2,-/ 1901 5 g M-N15 1,900,000 May 15 1951
500.000 gold ($1,000) — c * )In t. a t G uaranty T ru st Co., N . Y ., T rustee.
Collateral tru st m ortgage $ l,-f 1905 5 g A-O
1.227,000 O ct. 11945
500.000 gold ($1,000)____c ]In t. a t G uaranty T ru st Co., N. Y ., T rustee.
Bonds and stock.— Of the authorized Issue of $2,500,000 coll, tru st bonds of
1901, $600,000 are reserved to retire all bonds of the Lehigh T raction Co. A
sinking fund of $20,000 per annum , which began June 1 1908, Is to be In­
vested In the collateral tru st bonds or In bonds purchasable by savings banks
In New Y ork S tate. See V. 72. p. 1281; V. 78, p. 289. The collateral tru st
term inal bonds have a sinking fu nd of $10,000 per an n ., which began In
1910. Bonds can be called a t 110. Preferred stock can, a t option of
com pany, be changed a t any tim e Into the bonds of the com pany a t par,
said bonds to b ar not less th an 5% . or m ay be redeem able a t par In cash.
O FF IC E R S.— P res., A. M arkle; V .-P ., C. B. H ouck; T reas., N . C.
Yost; Sec., C. J. K lrschner.— V. 83, p. 1292; V. 87, p. 679.
(1) Lehigh T raction Co. — A tro lley road.
O RG A N IZA TIO N .— C hartered Nov. 7 1892. Franchise perpetual.
OwDg, controls and leases for 999 years a t an annual rental of $1 each the
H azleton A S uburban Electric R y., capital $30,000; H azleton A South
Side Electric R y., capital $75,000; H azleton A N orth Side Electric R y.,
capital $75,000. The $140,000 certificates of Indebtedness and $922,200
of Lehigh T raction stock are deposited as security for th e W ilkes-B arre A
H azleton R R . bonds.
STOCK AND BONDS— Date. Interest. Outstandlno. M aturity.
sto ck $ 1 ,0 0 0 ,0 0 0 ($ 10 0 ) ........................ ....................$ 1 , 0 0 0 ,0 0 0 .........................
F irst m ortgage $500,000 gold/ 1893 5 g J-D
500,000 Juno 1 1923
($100, $500, $1,000)____c*]AIarkle Bkg. A T r. Co., H azleton, T rustee.
Certificates of Indebtedness
____ __________
140,000
.............
Hazle P ark bonds. $ 60 ,00 0 -.- 1895 5 g A-O
60.000
1925
R O A D .— O perates 22 miles of track , new 58-lb. steel T rails, oak ties, well
ballasted. R oad extends from H azleton to W est H azleton, to Y orktow n
(connecting w ith Pennsylvania R R . and Lehigh Valley R R .), to McAdoo
(south) and M llnesvllle, L atim er Mines and Freeland (north).
E A R N IN G S.— F or calendar year 1910, gross, $203,922; n et, $68,871.
In 1909, gross, $190,322; n et, $68,272.
............................
O F F IC E R S .— P res., A. Markle: V .-P ., C. B. H ouck; Sec., O. J . K lrschner: T reas., N . C. Yost: Gen. M gr., C. B. H ouck.
(2) W ilkes-Barre & H azleton R y.—A trolley, steam and 'third -rail road
O R G A N IZA TIO N .—C hartered Dec. 13 1899 under General R ailroad Law
A ct of April 4 1868, S tate of Pennsylvania. T he W ilkes-B arre A H azleton
UR. owns th e entire stock and bonds.
STOCK AND BONDS— Date. Interest. Outstandlno. M aturity.
•3tock $1,500,000 full p aid ................................................$1,500,000 .........................
F irst m ortgage $1,500,000/ 1901 5 g M-N
1,500,000 May 1 1951
gold.............................................(In terest a t G uaranty T rust Co., N . Y ., T rust.
R O A D .— Owns 27 miles of road from H azleton to W ilkes-B arre, and uses
for term inals 1 mile Lehigh T raction Co. track a t H azleton and 2 miles
W ilkes-Barre Term inal R R . Co. track a t W ilkes-Barre; to tal, 30 miles.
E ntire road placed In operation May 1 1903. Ralls, 95 lbs.
• E A R N IN G S.— For 12 m onths ending Deo. 31 1910, gross, $234,510; n et,
$129,149. In 1909, gross, $218,743; n et, $114,891.
O FF IC E R S.— P res., A . M arkle; V .-P. and Gen. M gr., C. B. H ouck;
T reas., N . C. Yost; Sec., C. J . Klrschner; S u p t. of T ran s., A . F . H arger.
(a) W ilkes-Barre Term inal RR.
O R G A N IZA TIO N .— Incorporated on O ct. 9 1903. Stock authorized
and outstanding, $35,000 (par $50). Bonds authorized, $600,000 (cAr):
o utstanding, $60,000 ($1,000). D ate 1905; due O ct. 1 1945. In t. (5 g.
A-O) payable In New Y ork. ROA D, 3 m iles, betw een W . B. T er. R R .
Ju ne, and W ilkes-Barre. R alls, 90-lb. T; gauge, 4 ft. 8)4 In. P res., J . T .
K eith; Sec., A . P . Goedecke; T reas., J . J . M cGechln.

HELENA, MON.

T H E HELENA LIG HT & RAILW AY CO.— Trolley, electric light and
pow er, gas light and fuel.
O R G A N IZA TIO N .— Incorporated In C onnecticut In Sept. 1905 as suc­
cessor to the H elena Light & T raction Co. V. 81. p. 1043. Controls the
H elena Gas Light & Coke Co.; comprises th e city ’s entire street railw ays
and gas and electric-light plants. Franchises expire April 4 1925.
„ STOCK AND BONDS— Date. Interest. Outstanding. M nturttu.
Oommon $900,000................. ..
o -F
3501,000 N ov.’l l , 1%
Preferred $600,000 5% c u m ..
374,000 N ov.’l l , 1H
O-|-F
-F
930.000 Sept.
F lw t
$1,500,000/ 1905 w *: ---------------- .-----1 1925M-i8
gold ($1,000)......................c * )In t. a t K nickerbocker T r. Co., N. Y .. T ru st.
Bonds.— The new bonds of 1905 arc subject to call a t 105 and Interest:
$510,000 are reserved for extensions and Im provem ents, of which $500,­
000 m ay be Issued only for 85% of cost. A sinkino fu n d of 1)4% per
annum of bonds outstanding commenced Ju ne 1 1908, which will he
■ Increased to 2)4% per annum Juno 1 1918; said fund to bo used In
•retirem ent of bonds a t not higher th an 105 and Interest. See V. 81, p. 155b.
360,000 have been retired by sinking fund to date.




[VOI.LXXXXIV.

E L E C T R IC R A IL W A Y S

A

D ividends.— Five per cent per annum In q uarterly Installm ents Is being
paid on pref. stock. F irst dividend on com m on, 1 %. paid O ct. 31 1906.
In 1907, 3 % . In 1909. 3 % . In 1910, 4 % . In 1911, 5% .
E A R N IN G S .— F or 12 mo3. end. Dec. 31 1911, gross, $332,691: n et, after
taxes, $125,275; fixed charges, $44,762; sk. fd., $14,469; su r., $66,044.
R O A D .— O perates 18.8 m iles of track .
O FF IC E R S.—P res., P . G. Gosslcr, New Y ork; V .-Ps., M. H . G erry J r.,
H elena, J . H . P ardee, New Y ork; Sec., H . S. C ollette, New York; T reas.,
R . B. M archant, New Y ork; A sst. Sec. A A sst. T reas.,A . B. Sibley.
O perated under the general m anagem ent of J . G. W hite A Co. Ino ., New
York C ity.— V. 83, p. 1037; V. 88, p. 1061; V. 91, p. 1095.

HENDERSON, KY.

HENDERSON TRACTION.— A trolley road.
In M ay 1910 a syndicate composed of principal stockholders of Evansville
R ys. acquired control. V. 90, p. 1363.
O RG A N IZA TIO N .— Incorporated In K entucky Feb. 22 1907 as a suc­
cessor to the H enderson City R y., sold a t foreclosure on Feb. 18 1907.
The old railw ay had a 30-year franchise granted In O ct. 1886, and also con­
trolled the H enderson F erry Co., which has since been sold. V. 84, p. 508.
STOCK AND BONDS— Date. Interest. Outstandlno. M aturity.
Stock $150,000 ($100)............................................. ......... $149,800 ......................
F irst m ortgage. $150,000/ 1907
5gA -0
105,000 A pr.15 1027
($1,000, $500, $100) g o ld -. | In t. a t Ohio Bkg. A T ru st Co., H enderson.Tr.
Bonds.— Rem aining $45,000 are reserved for extensions and Im provem ’ts.
Subject to call on April 15 1912, 1917 and 1922 a t 105. No sinking fund.
ROA D.— O perates 6 miles of street railw ay.
O FFIC E R S.— Pres., J . H . Lync; V .-P., C. II. B attln; Seo. and T reas.,
Chas. E . Dallam; Gen. M gr., W . A . Carson; S u p t., Geo. H . L yne.— V . 83,
p. 380; V. 84, p. 339, 1428; V. 90, p. 1363.

HOLYOKE, MASS.

HOLYOKE STREET R A ILW A Y .—Trolley.
O R G A N IZA TIO N .— Leases the M t. Tom (Incline) R R . u n til Ju ne 1 1922
a t 6% per annum on the $100,000 stock. In 1907 purchased the H am p­
shire Street R y. (previously leased). V. 85, p. 40. In Aug. 1907 purchased
the A m herst A Sunderland Street R y. (V. 85, p. 294), giving a through
connection from Holyoke to Amherst and Sunderland.
STOCK—
Date. Interest. Outstandlno. M aturity,A c.
Stock ($100)_________________ _____
8 J-J
$1,073,600 Jan ’12, 4%
Deb bonds ($500, $1,000)__c* 1895
5 A-O
250.000 A pril 1 1915
Deb bonds ($500. $1,000) __c* 1809
5 A-O
85,000 O ct. 1 1920
D ebenture bonds_____________ 1903
5 A-O
265.000 A pril 1 1923
Leased line rental M t Tom R R \
stock 6 % __________________] ____
100.000
C urrent liabilities Ju ne3 0 1 9 1 1 ------ _ ___
_______
259,311
Interest on all bonds payable a t H olyoke N ational Bank.
D ividends.— In 1892 to Ja n . 1912, Inclusive, 8% yearly.
RO A D .— H as 09.7 m iles of track , Including M t. Tom (Incline) R R .,
4,900 feet long, and connecting w ith the W oronoco S treet R y. to W estfield,
Mass.; w ith Springfield S t. R y. to Springfield, M ass., and w ith N ortham p­
ton S t. R y. to N ortham pton, M ass., and direct to Chicopee, Chicopee Falls
South H adley. A m herst and Sunderland. Passenger cars, 120; other ser­
vice cars, 27; snow-plows, 10; other vehicles, 7; electric m otors, 269.
EA R N IN G S.— F or year end. Ju ne 30 1911 and 9 m os. to Juno 30 1910:
1911.
1910.
1911.
1910.
Gross earn in g s.-.$571,407 $382,163 Balance for d lv s .. $89,907 $60,215
N e t .......................... 172,434 121,785 Dividends paid .. (8)85,888 (4)42,944
In t., taxes, A c ..- 82,526 61,570 Bal. for year., s u r . $4,019 $17,271
O FF IC E R S.— P res., W m . S. Loomis; Sec. A T reas., S. D . Novlns; Gen.
M gr., Louis D. Pelllssicr, all of H olyoke.— V. 85, p. 40, 284; V. 86, p. 52.

HOT SPRINGS, ARK.

HOT SPRINQ S STREET R A ILW A Y .— Trolley.
O RG A N IZA TIO N .—C hartered In 1894; successor to H ot Springs Electric
S treet R y.
STOCK AND BONDS— Date. Interest. Outstandlno. M a tu rity*
S to c k ....................................................................................... $500,000 .......................
F irst m ortgage gold ($500,000) 1908
5%
442,000 June 1 1938
Com monwealth T ru st Co., S t. Louis, M o., T rustee.
R O A D .— O perates 13 miles of track.
O FF IC E R S.— Pres., S. W . Fordyce; V .-P ., W . C. Fordyce; Sec. and
T reas., H . J . Lehm an.

HOUGHTON, MIOH.

HOUGHTON COUNTY TRACTION C O —Trolley road.
O R G A N IZA TIO N .—O rganized In 1908 and took over H oughton C ounty
S treet R y.. which la tte r com pany was Incorporated In 1899. Franchises
In public streets expire in t929. 1930. 1932. 1933 and 1938. P rivate right
of way perpetual. $100,000 com . stock Is owned by P ub . Scrv. Inv est. Co.
STOCK AND BONDS— Date. Interest. Outstandlno. M aturity.
Common. $750,000 ($100)................................................ $750,000 O ct ’l l , 2 y,
P ref., 6% cum $500,000 ($ 1 0 ^ )____
A-O
207.200 O c t’11,3%
1st consol m tgc $1,600,0001 1908 5 g J -J
394,000 Jan 1 1937
($500 and $1,000) gold____lin t, a t City T ru st Co., Boston, T rustee.
Hough Co S t R y m tge $750,-1 1900 5 g J-J
750,000 Ju ly 11920
0 0 0 gold ($1.000)-----------c*l In t. a t Boston Safe Dep. A T r. Co.. T rustee.
Stock and Bonds.— Preferred stock Is redeem able a t 110. $750,000 consol,
m tge. bonds reserved for prior liens $450,000 for futuro additions a t 80%
of cost: they are subject to call as a whole (after O ct. 1 1911) or In p art for
sinking fund a t 105 and Int. Sink, fund 1 )$% of o utstanding bonds. $0,000
are held In this fund. The H oughton County S treet R y. bonds can bo
called as a whole or In p art a t 105 and Interest. V. 87, p. 614.
D ividends— On pref., 3% s.-a. from O ct. 1908 to O ct. 1911 Inclusive.
On com ., 2% s.-a. from O ct. 1909 to O ct. 1911 Inclusive.
R E P O R T .— F or year ending N ov. 30 1911, gross, $301,180; n et, $142,"
768; Int. and taxes, $78,566: sinking fund. $5,775; surplus, $58,427.
ROA D.—Owns 32.2 miles of track . Including lines from H oughton to
Hancock and from Hancock to L aurlum , Red Jack et, W olverine, M ohawk,
Lake Linden and T am arack City; 41 cars. 60, 70 and 85-lb. rails. S tan ­
dard gauge.
O FF IC E R S.— Pres., Frederick S. P ra tt, Boston; V .-P s., Frederic J.
Baw dcn, H oughton, M ich., and P . P . Royco, B oston.; Sec., Alvah K. Todd,
•Boston: T reas., H enry B. Saw yer, Boston; M gr., G ardner Rogers, H oughton
M ich.; Gen. Mgrs. and Transfer A gents, Stone A W ebster, B oston.—-V. 87,
p. 014; V. 88, p. 1499; V. 89. p. 606.

HUDSON, N. Y.

ALBANY SOUTHERN R R .—T hird rail, excopt In cities.
O RG A N IZA TIO N .— Incorporated In Now York S ept. 14 1909 and Is a
reorganization of the A lbany A H udson R R . Co. sold under foreclosure on
Sept. 8 1909 (per plan V. 89, p. 223). On Sept. 18 1909 merged A lbany A
Grecnbush Bridge Co. V. 89, p. 720. Franchises are perpetual. Does a
passenger, freight and express business.
STOCK AND BONDS— Date. Interest. Outstandlno. M aturity.
Common $1,375,000 ($100)......................................... $1,375,000 ......................
Pref $2,100,000 5% n-c ($ 1 0 0 )____
F-A
2,029.000 A ug.’l l , K %
First m ortgage $1,500,000) 1909 5 g M-S 1,302.000 .Sept 1 1939
gold ($1,000)---------------- c*jM an h attan T rust Co., New Y ork, T rustee.
B onds.— $1,250,000 of bonds were sold to bankers, proceeds used In
acquiring A lbany A Grecnbush Bridge Co. and for straightening
and double-tracking road, and to pay for app aratu s theretofore Installed.
Rem aining bonds can be Issued for additions and betterm ents under certain
restrictions. Recording tax paid on these bonds, m akino them tax-exempt in
New York. Sinking fund of 1
of bonds authorized from 1917 to 1922;
1922 to 1929, 2% ; 1929 to 1939, 3% . Bonds arc subject to call as a
whole a t 106 and Interest on any Interest d ay . V. 89, p. 1140.
D IV ID E N D S.— Initial sem l-ann. dlv. on pref., 1 y t% , paid F eb. 1 1911;
A ug.. H % .

ELECTRIC RAILWAYS

J an ., 1912.

EA R N IN G S.— For 12 m os. ending N ov. 30 1911, gross, $468,403; net,
a fte r taxes, $107,500; Int., $04,710; prof. dlv. (2% ), $40,580; surplus,
•$2,210. in 1909-10, gross, $457,003; n et, after taxes, $127,030; Int.,
$50,081; surplus, $70,949.
R O A D __O perated by third-rail system from H udson via Rensselaer to
A lbany. 'Com prises 37 miles of m ain line and 9 m iles of sidings, w ith 2
additional miles of overhead trolley road In H udson. Total, 01 miles of
track , in Feb. 1900 m ade contract giving It privilege to enter A lbany over
the tracks of the United T raction of A lbany. D ouble-tracking of road be­
tween Rensselaer and Klnderhook L ake com pleted in 1910. Operates 30
passenger cars, 14 freight and express cars, 2 snow-plows and 3 electric loco­
m otives. Ralls 70 and 80-lb. steel; stan d ard gauge. Supplies light and
pow er along route. Also owns th e highw ay toll bridge over H udson R iver
a t A lbany.
O FF IC E R S.— P res., R . A . C. Sm ith; V .-P ., J . II. Pardee; Sec and
T rcas., I. VV. Day; Gen. M gr., R . II. S m ith — V. 89, p . 720,1140,1222,
1310; V. 92. p. 183, 180; V. 04, p. 122.

INDIANAPOLIS, IND.
B R O A D R I P P L E T R A C T I O N . — A t ro lle y roa d.

O RG A N IZA TIO N .— Organized as successor to th e Indianapolis & Broad
Ripple Rapid T ransit Co. sold a t foreclosure July 1899. Ih e Indianapolis
S treet R y. owns abo u t 75% of stock, b u t organization separate. R oad Is
Jointly operated by the Indiana Union T raction Co. and the Indianapolis
T raction & Term inal Co
STOCK AND BONDS— Date. Interest. Outstanding. M aturity.
Stock, 8100,000 (par 5 1 0 0 )................. - - - - - - - - - (100.000
.......
Mtg. gold, *400.000 <*1.000)C-(1899a t
& ^ 0 , 0 0 0 ^ 1 19M
B o n d s __Are guar. p. & 1. by Ind . S t. R y. No. s. I., anti bonds cannot
bo called'. T he In d . N or. T rao. Co. also guar th e p . A 1. of half ($200,000)
of the bonds and half of the in t. of rem aining $200,000 bonds until M ay 1913.
ROAD — 7 U miles of track from Indianapolis to Broad R ipple P ark .
O F F IC E R S — Pres., John B W arner; Sec., John D. Thom son; T reas.,
E . B. Peck. — V . 09. p. 180; V 73. p. 137. 183; V. 78, p. 1107.

INDIANAPOLIS COLUMBUS

&

SOUTHERN TRACTION CO.—A

trolley road.
O RG AN IZA TIO N.— Form e y the Indianapolis G reenw ood A Franklin
R R .. which com pany was Incorporated in Indiana In 1895. Nam e changed
as above In Jan . 1903.
STOCK AND BONDS— Date. Interest. Outstanding. M aturity.
Stock, $1,000,000.-........................................................... $930,000 ......................
1st m ortgage, $1,000,0001 1903 5 g F-A
782,000 Feb. 1 1923
gold ($ 1 , 000 ) ......................c* JIn t a t T ru st Co. of N . A m er., P hlla., T rus.
Bonds.—Cannot he called. $218,000 arc reserved for exten. and lm p’ta
a t not exceeding $15,000 per m ile. Sec V. 70, p. 654; V. 82, p.1212.
EA R N IN G S.— For year ending Dec. 31 1911, gross, $420,301; n et, after
taxes, depreciation, Ac., $1G7,547; Interest, $39,100; surplus, $128,447. In
1010, gross, $418,287; net, a fte r taxes, $177,095; Interest, $39,100; deprecia­
tion , $25,000; surplus, $112,995.
R O A D .—O perates 62.38 miles of track between Indianapolis, Franklin
and Columbus and Seym our, of which 3.86 miles belong to Ind. T rac. A T er
Co. S tandard gauge. 00-lb. T rail. M ostly private right of w ay. T he ex­
tension to Seym our, 20 m iles,w as com pleted O ct. 1907. It connects w ith
Indianapolis A Louisville T raction Co., thus form ing a through lino Irom
Indianapolis to Louisville.
O FF IC E R S.— P res., W m . G. Irw in; V .-P., L . I. Sweeney; Sec. A T reas..
H ugh Miller; Gen. M gr., Alex. Shane, all of Colum bus, In d .— V.77, p . 823;
V. 78, p. 1440; V. 82. p. 928. 1212; V. 80, p. 421.

TERRE HAUTE INDIANAPOLIS & EASTERN TRACTION.

O RG A N IZA TIO N , -inco rp o rated In Indiana on March 23 1907 and
acquired by purchase (1) Indianapolis A E astern R y.; (2) Indianapolis
Coal Traction; (3) Indianapolis & W estern T raction; and (4) Richm ond
S treet
A Interurban
y. . the
, Terre H aute
„ _T raction
- A, T1
. . „Co. for
. 999
On March
25 1907 Rleased
Light
years (see term s under th a t com pany below), and In April 1907 leased for
099 years the Indianapolis A N orthw estern T raction and the Indianapolis A
M artinsville Rapid T ransit (see term s under respective com panies).
In April 1910 purchased 40,717 of the 50,000 shares of the stock of the
Indianapolis T rac. A T erm . Co., giving its own com mon and pref. stock
In exchange (V. 90, p . 1103, 1240); and since th a t tim e has acquired the
balance ol this stock except directors’ shares.
Franchises.— In a letter to hankers In M ay 1910, President of th e com­
pany said: "T he great m ajority of the franchises under which the system Is
operated extend well beyond the life of these bonds [1st A ref. m tge.]. The
franchises In the city of Indianapolis expire In 1933.”
STOCK AND BONDS— Date. Interest. Outstanding. M aturity.
Com mon stock. $12,500.000...................................... $9,100,000 .....................
Preferred stock. $12,500.000...............
Q-J
9,100.000 J a n T 2 1 H
1st A ref m ortgage $8,000.0001 1910 5 A-O
0,500,000 Apr 1 1945
gold ($1,000) s f .............. c ’ J In t. a t Fidelity T rust Co., Phlla., T rustee.
In d A E ast 1 st eons M,$ 1,000,-1 1902 5 g J-J
See tex t Ju ly 1 1927
000, gold ($1,000), h f__c*)Int. a t M ercantile T rust Co., N. Y ., or a t
) C entral T ru st Co., Indianapolis, T rustee
Ind. A Green. 1st M., $300.- f 1899 5 g J-J
188,000 Jan . 1 1029
000 ($1,000), gold..........c*( In t. a t C lt. Savings A T rust Co., T r.. Clove.,
I or at F irst N ational B ank, New York C ity.
Stock.— Pref. stock Is 5% cum . after Ju ly 1 1910. Should com. a t any
tim e pay 0% . pref. will pay the sam e. V. 90. p. 1555
Bonds.— Rem aining 1st A ret. bonds are reserved for additions and Im­
provem ents under careful restrictions. Callable as a whole on and after
A pril 1 1915 a t 105 and Int., or In p art, for sinking fund only, a t 102 M
andS Int.
on any Int.
. . bonds
.
f $55,000
p. ad. ate.
llrst 5 years and $100,075 p. a . thereafter;
acquired for s. f. to bo held alive and Int. added to s. f. V. 90, p. 1491.
Of the $1,000,000 Ind. A E ast, consols a u th .. $300,000 arc reserved to
retire the Ind. A Greenllcld 1st 5s. $21,000 have been canceled by sink. fund.
Of the rem aining $079,000 out, $508,000 are owned by Terre H aute Ind. A
E ast T rac. A sinking fu n d . 1% of bonds o ut, began July 1 1908. I-und Is
to bo Invested In the com pany’s bonds If they can bo bought a t not more
th an 105 and Int. Bonds cannot be called. See V. 75, p. 342. On the
In d . A Greenllcld bonds, $12,500 Is payable yearly to a sinking fund begin­
ning O ct. 1 1004, w ith which bonds beginning w ith No. 1 are being pur­
chased a t 105 and accrued Int.; $112,000 have been so purchased.
Dividends. —Initial dlv., I M % , on pref. paid O ct. 1910; sam e am ount
q u a r. since to and Inch Ja n . 1912.
R E P O R T .— For entire system for calendar year 1910. R eports In 1909­
10 and 1908-09 arc for years ending M arch 31.
1910.
1909-10.
1908-09.
Gross earnings............................................. $5,840,385 $5,451,175 $5,078,085
O perating expenses and tax es............... 3,339,805 3,019,553
2,803,679
$2,500,580 $2,431,622 $2,275,005
$1,451,091 $1,451,728 $1,409,672
Sinking funds, subsidiary com panies.
128,547
122,463
118,805
27,500
I n t. A sk.fd. on dlvis. bds. of this C o ..
27,500
27,500
$803,442
$719,028
$829,931
In t. on $5,500,666 T . H .I.A E .T .b d s. $275,000
$275,000 $275,000
S k .f d .o n T . II. I. & E .T r. bonds-----49,500
*508,942
$444,028
$504,031
RO A D .— O perates a m odern high-speed electric railw ay over lines
which comprise a continuous route from and Including the city of Paris In
Illinois through the city of Terre H aute and towns of Brazil, Grecncaatle,
Amo, Clayton and Plainfield, to the city of Indianapolis, and thence through
the tow ns of Greenllcld, K nlghtstow n, New Castle and Cam bridge City, to
the city of R ichm ond In Indiana; also a line running south from Indlanap
oils to M artinsville, Ind.; a line running west from Indianapolis to D anville,
Ind.; and a line running northw est from Indianapolis to Crawfordsvlllo
and L afayette, and from Terre H aute a line north to C linton. Ind ., and a
line south to Sullivan, In d . Also operates the city lines In Indianapolis,
Terre
H aute and Richm ond. T otal miles In single track: city lines, Indi­
anapolis, 132.87; T erre H aute, 20.39; and Richm ond, 9.71; to tal, 108.97;
Interurban lines, to tal, 342.90. G rand to tal, entire sy stem ,511.87 miles.




59

O FF IC E R S.— P res.. R ob t. I . Todd; V .-Ps., M arshall S. M organ, E . B .
Peck and Jo hn J . Appel; Sec. A T reas., Jo s. A . M cGowan.
Directors.— R obt. I. Todd, R andal M organ, W. Kelsey Schoepf, H arry
S. New, J . J . A ppel, Jo s. A. McGowan and E . B. P eck. V. 84, p . 809,
997; V. 88, p. 290; V. 90. p. 1103. 1240, 1364, 1491, 1555; V . 91, p . 718;
V. 92, p. 390, 1375fl V. 94, p . 209.
(1) Indianapolis T raction & Term inal Co.
In April 1910 control was acquired by the Terre H au te In d ia n a p o lis*
E astern T raction. V. 90. p. 1101. 1239.
O RG A N IZA TIO N .— Incorporated In Ind iana on Aug. 4 1902 w ith
$500,000 capital, which w as Increased In Jan . 1903 to $5,000,000 to
lease the Indianapolis S t. R y. and to provide term inal facilities for all
Interurban electric roads now entering or yet to enter Indianapolis. F ran ­
chise Is for 31 years, under th e term s of which the com pany is to pay th e
city 4 cents per car for the first 11 years. 6 cents for the next 10 years and 9
cents for the rem aining 10 years. On Dec. 29 1902 leased for 31 years th e
Indianapolis Street R y. V. 75, p. 1301.
Interurban railways enter the city under agreem ents by which th ey pay
3 cents per passenger for all passengers carried in th e city lim its and an
additional 1 cent for those using the term inal statio n . V. 81, p . 264.
STOCK AND BONDS— Date. Interest. Outstanding. Last D lv.
Stock. $5,000,000 .......................................................... $5,000 000 Dec.31T1 3%
1st m ort., $5,000,000, gold! 1003 5 g A-O 4.050,000 Jan . 11933
($1,000), 8. f ..................... c * /In t. a t G uaranty T r. & S. D. Co., P hlla.. T r.
Bonds.— $350,000 are reserved for extensions and b etterm ents. A
sinking fund provides for the paym ent annually of 1 1-5% of bonds o u t­
standing, including those In the sinking fund. See V. 70, p. 1085. Bonds
m ay bo draw n for sinking fund a t 102 H and Interest and are subject to call
a t th a t price. See V. 81. p. 264.
D ividends.— F irst dividend on stock. 1% , was paid D ec. 31 1908: In
1909, 2% ; In 1910, 2% : in 1911, June, 2% ; D ec., 3 % .
ROA D, Ac.— In addition to 132.87 miles of Indianapolis S treet R y ., has
com pleted 18.1 miles of single track and owns 9 -story office and term inal
building, train-sheds and three freight depots centrally located In Ind ianap o ­
lis: also real estate on which sam e are constructed. T his term inal is used
by all Interurban roads (13 In num ber) entering Indianapolis. Owns
electrical and steam equipm ent of 7.000 k. w. cap acity . H as 92 double
truck closed and 35 double truck open city cars.
EA R N IN G S.— For calendar years:
Year__ Gross.
Net.
Charges. Surplus. D ividend. Balance
1910
$3,141,213 $1,574,076 $1,261,504 $312,572 $100,000 $212,572
1909 _ ” 2,861,283 1,541,045 1,244,616 296,429 100,000 196,429
1908
2,673,436 1,463,395 1,248,183 215,212 50,000 165,212
O FF IC E R S.— Pres., R obt. I. Todd; V .-P., E . B. Peck; V .-P ., Jo h n J .
Appel; V .-P., M arshall S. Morgan; Sec. & T reas., W . F . M ilholland. V. 81.
p. 264; V. 82, p . 627; V. 83, p . 1411: V. 87, p. 1664. V. 90, p . 1101, 1239;
V. 94, p . 207.
(a) Indianapolis Street R y.— A trolley system .
O RG A N IZA TIO N .— Incorporated In Indiana M arch 7 1899. A fter
acquiring the Citizens’ S treet R R . of Indianapolis and the City R ailroad,
m ade a contract w ith the City of Indianapolis agreeing to surrender th e
rights and franchises of both com panies and accept a new franchise running
only thirty-four years. The contract also provides th a t cash fares are n ot
to exceed five cents, w ith free transfers, and tickets are to be sold a t the rate
of six for tw enty-five cents and tw enty-five for one dollar.
The com pany also binds Itself to pay over to th e city (which Is to expend
It on the public works) the sum of $30,000 yearly from 1899 to 1925, and
$50,000 yearly from 1926 to 1932, Inclusive, the con tract expiring In 1933—
see V. 68, page 723. The city gets the right to purchase th e p ro p erty “ a t
any tim e w ithin two years and not later than one year before th e expiration
of this con tract." nothing to be paid for th e value of th e franchise. Law
sustained May 1902. V. 74, p. 930
As to the three-cent fare case, which the U . S. C ourt of Appeals decided
In favor of the Citizens’ Co. In Dec. 1897, see Supplem ent of N ov. 1898, and
V. 04, p. 842, 1180; V. 05. p. 51, 181, 1172.
G uarantees the ($400,000) bunds of Broad Ripple T raction Co., and owns
75 % of Its stock.
Lease.— On Dec. 29 1902 was leased to the Indianapolis T raction A T er­
minal Co. for 31 years. See V. 75. p. 1301. Lease provides for dividend of
1 % Jan . 1 1903, then 3 % In sem i-annual Installm ents for flrst year, 4 % for
second year, 5% for third year and 6% after Ju ly 1906.
STOCK AND BONDS— Date. Interest. Outstanding. M aturity A c
J-J
$5,000,000 J a n .’12,3%
Capital stock ($1 0 0 )...............................
Indianapolis S t. R y. gen.1 1899 4 g J-J
6.000.000 Ja n . 11933
M.
$6,000,000, gold ^Interest a t G uar. T rust & Safe D eposit Co.,
($1,000), g uar................. _c*j
Phlla., T rustee.
Citizens’ S t. R y. 1st M..1 1893 5 g M-N
4,000,000 May 1 1933
$4,000,000 gold................. c*f C entral T rust Co.. New Y ork, T rustee.
Equip, certificates Series "A ”\ 1909 5 M-N
150,000 See te x t.
$200,000 ($1,000)................. /F id elity T r. Co., P hiladelphia, trustee.
Equip, certificates Series *‘B’’\ 1911 5 J-J
90,000 See te x t.
$100,000.................................../F id elity T ru st Co., Philadelphia, trustee.
Interest on Citizens’ consols a t F ourtn S treet N at. B ank, Philadelphia.
The m ortgage of 1899 was for $7,000,000, b u t $1,000,000 has been can ­
celed. No bonds reserved for th e Citizens’ consols. T he com pany binds
Itself to pay to the Indiana T ru st Co. a sum annually sufficient to redeem
a t m atu rity the greater p art of the entire Issue of Indianapolis S treet R y.
bonds: tills provision Is guaranteed by the Indianapolis T raction & T erm inal
Co. Sec V. 76, p. 542. E quip, certificates Series “ A " m ature $10,000 on
M ay 1 an d N ov. 1 each year until paid In full. $50,000 have been retired
They cover purchase of 54 new cars. V. 88, p. 1499. Series *‘B” m ature
$5,000 on Ja n . 1 and Ju ly 1 In each year until paid In full. $10,000 have
been retired. T hey cover purchase of 25 new cars.
Stock and bondb listed ou Phlla Stock Exchange V. 69. p . 851.
RO A D .—O perates 132.87 miles of track , w ith 350 cars. 90-lb. rail.
O FF IC E R S.— Pres., George Brown. Indianapolis; 1st V .-P .. H.
New: 2d V ice-Prcs.. Joseph S. Neff. Philadelphia: See. and Ire a s .. H enry
Jam eson; Asst. Sec. and Asst. T reas., C. E . Morgan 3d, Philadelphia, and
W. F . M ilholland. Indianapolis.— V. 79, p. 151; V. 88, p. 1499.
(2) Terre H aute Traction & Light Co.
Leased.— In M arch 1907 was leased to the Terro n a u tc Indianapolis &
E astern T rac. Co. for 999 years. The la tte r com pany guarantees 6% on
the outstanding pref. stock and 2% on com mon for 1 M years. 3% for
l year, 4% for l year, and 5% thereafter, and $1,000 per year for organi­
zation expenses. V. 84, p. 750.
The Terre H aute In d . & E ast. T rac. owns all th e com m on stock except
directors’ shares.
O R G A N IZA TIO N .— Is a consolidation In 1904 of th e T erre H aute Elec­
tric Co. and the Terre H aute Electric T raction Co. Principal railw ay
franchises expire 1952; principal lighting franchise perpetual: other fran­
chises average 30 years from Ja n . 1 1906. Leases Terro H aute & W estern
R ail ay Co.
STOCK AND BONDS— Date. Interest. Outstanding. M aturity.
See te x t.
Com m on, $2,000,000 ($100) . ______
M-S $2,000,000
645,500 S ept T l. 3%
Pref., $1,000,000 ($100) 6% c u ____
M-S
3,051,000 _May- 1 1944
First cons. m tge. $5,000,0001 1904 5 g M-N
gold............................................./In te re st a t S tate Street T rust Co B oston.
Terre H aute Electric 1st m tg .i 1899 5 g J-J
1,500,000 Ju ly 1 1929
$1,500,000 gold ($1,000) c* J In t. a t Boston Safe D cp. A T r. Co.. B oston.
Bonds.—The Union T ru st Co. of Indianapolis and the Boston Safe D eposit
A T rust Co. are Joint trustees of th e T erre H aute Electric m tge Of th e
$5,000,000 consols, $1,500,000 arc reserved to retire prior liens. T he new
bonds are callable as a whole a t 110 and Int on any Int. date. A sinking
fund of 1 % of outstanding bonds commenced May 1 1906. $100,000 was
held by this fund Dec. 31 1911. The U nited S tates T ru st Co. of Terre
H aute and the S tate S treet T rust Co.of B oston are trustees of this m tge.
See V. 78, p. 2013.
E A R N IN G S.— For cal. year 1910, gross, $1,221,307 n et, after taxes.
$614,757; Int. and rentals, $242,440; surplus, $372,317. In 1909, gross.
$1,072,170; net, after taxes, $542,436; Int. and ren tals, $235,420; sur­
plus, $307,010.
R O A D .— Em braces 100.25 miles of track in Terre H au te, Including lines
from Terre H aute to W est Terre H aute. C linton. Brazil. Sullivan. Ind ..
and Paris. 111. Ralls, 40 to 80 lbs. 95 cars.— V. 84. p. 750; V. 90, p .1555
(a) T erro H au te & W estern R y. Co.— An electric ro a d .
Leased to Terre H aute T raction & Light Co. for 999 years from N ov. 1907.
O RG A N IZA TIO N .— Incorporated In 1907 In Illinois. R oad extends
from the Indiana S tate line near Sandford, In d ., to Paris, 111., 11.6 miles.
Began operation O ct. 25 1907 Is entirely o n p rlv ato right-of-w ay. E ntire
com . and pref. stock owned by Terre H au te T rao. & L t. Co.

60

ELECTRIC RAILWAYS

STOCK AND BONDS— Date. Interest. Outstanding. M aturity
Stock com mon $200,000___
$200,000
Preferred $150,000.
150.000
_ ____
____
_______
F irst m ortgage $250,000 gold-! 1907 5_ „tj M-N
250.000____,,
Nov 1, 1937
guar p & 1 ($1,000)------c* j In t. a t New E ngland T r. Co., B oston, T ru st
Bonds.— Are guar. p. A 1. by endorsem ent by Terre H aute T r. A L t. Co
E A R N IN G S.— For calendar year 1910, gross, $54,909; net, $26,269;
Interest, $12,500; surplus, $13,769,— V. 90, p. 1555.
(3) Indianapolis & Northwestern Traction Co.— An electric road.
Lease.— In April 1907 was leased to the Terre H aute Indianapolis A
E astern 1 ractlon for 999 years. The latter com pany will pay the Interest
on the bonds; also 1 H % quar. or 5% per annum on the $450,000 pref
stock and $500 per year tor organization. V. 84, p 869.
E ntire Issue of common stock, except directors’ shares, Is owned by the
T erre H aute Indianapolis A E astern T raction.
O RG A N IZA TIO N .— Organized In 1902 In Indiana. Operates a m odern
high-speed Interurban railroad, standard-gauge, located upon private right
of w ay outside of the city corporate lim its. E xtends northw esterly from
the city of Indianapolis through the cities of Lebanon and F ian k fo rtto the
city of L afayette, with a branch from Lebanon to Crawfordsvllle, each of
which cities Is the county seat of Its respective county. H as trackage
rights to the business centres of Indianapolis and L afayette.
T he franchises run for 31 to 50 years from 1907 and perm it th e carrying
of freight, express and m all, as well as passengers.
STOCK AND BONDS— Date. Interest. Outstanding. M a tu rity.
Common. $2,550,000 ........................................................ $2,550,000 .....................
Pref. ($1,000,000) 5% cu m ...............
Q-J
450.000 See tex t
1st m tge., $3,000,000, goldl 1903 5 g M-S
2.470,000 Mar. 1 1923
($1,000)............................._c#JIn t. at K nickerbocker T r. Co.. N. Y ., T ru st.
Bonds.—The rem aining $530,000 for Im provem ents.A c.,at 50% and 75%
ol cost. No s. f., but bonds can be called on any ln t.date a t 110 and Int.
E A R N IN G S.— For year ending Dec. 31 1910: Gross, $428,457; net.
$183,444; Int. and taxes, $138,622; dlvs., $22,500; surplus, $22,322.
RO A D .— Em braces 92.25 miles of track betw een Indianapolis. Zlonsvllle, Lebanon, F rankfort and L afayette, Incl. a branch from Lebanon to
Crawfordsvllle. S tandard gauge; 70-lb. T -rall. O perates 20 vestlbula
and 4 freight cars. Power house and car barn are a t Lebanon.— V. 82.
p. 49; V. 83, p. 37; V. 84. p. 749; V. 88, p. 295; V. 92, p. 59.
(4) Indianapolis & M artinsville Rapid T ransit Co. An electric road.
Leased.— In April 1907 was leased to the Terre H aute Indianapolis A
E ast. T rac. for 999 years. The la tte r co. will pay the Int. on the bonds; also
$500 per year for organization V. 84, p. 749. The Terre H aute Ind . &
E ast, owns entire Issue or stock except directors’ shares
O RG A N IZA TIO N .— Incorporated In Indiana on April 24 1901. O perates
on private right of way except In Incorporated tow ns
STOCK AND BONDS— Date. Interest. Outstanding. M aturity.
Stock. $750,000 ($ 1 0 0 ).................................................... $750 000 ......................
1st m tge., $750,000 ($1,000)? 1902 5 g J-J
750.000 Jan . 1 1932
gold----------------------c* A r.(U nlon T rust Co. and Security T r. Co. of In
1 dlanapolls. T rust. In t. at Sec. T r. Co.. Ind.
B onds.— No sinking fund but bonds are subject to call after 10 years at
105 and Interest. See V. 78, p. 1223.
R O A D .—Em braces 30 miles of track from Indianapolis to M artinsville,
com pleted In M ay 1903. 70-lb. rails: standard gauge.— V. 84, p. 749.
AnINDIANAPOLIS
electric road. CRAVVFORDSVILLE & WESTERN TRACTION CO.Receivership.— On July 8 1909. on application by the Electrical Installa­
tion Co., Judge Anderson a t Indianapolis appointed H . J. Milligan of In ­
dianapolis, receiver. V. 80, p. 348. At the request of bondholders’ com­
m ittee, which controls $1,000,000 of the $1,500,000 bonds, trustee has
brought suit for foreclosure. V. 90, p. 372
O R G A N IZA TIO N .—Incorporated In Indiana In 1903 as the Consolidated
T raction Co., but nam e changed In 1906 as above. Built entirely on private
right of way. In cities and towns has 50 year franchises which perm it the
carrying of freight, express and mall m atter.
Control 0y Trustees. —Road Is controlled by a board of ftvc managing
trustees consisting of .Sterling Ft. H olt of Indianapolis. C hairm an; Edward
H aw kins .Indianapolis: C. N. Van Cleave, Crawfordsvllle; A. E. Reynolds
Crawfordsvllle and A. M. Hewcs, Chicago.
STOCK AND BONDS— Date. Interest. Outstanding. M aturity
Stock, $3,000,000 ($100)................................................ $1,500,000 .........................
F irst m ortgage $3,000,000/ 1905 5 g J-J
1,500,000 May 21 1935
($1,000) gold..................... c*\M arIon T rust Co., Indianapolis. T rustee.
Bonds and Stock.—The underw riting agreem ent dated Feb. 21 1906 pro
vldes for the sale at 90% of not exceeding $1,500,000 of the bonds, w ltn an
equal am ount of stock as bonus. Bonds subscribed for were not to be sold
for less than 95% before July 1 1907. Sinking fund of ^ of 1 % yearly ol
bonds th at have been outstanding for 5 years becomes operative Oct. 1
1912. V. 84, p. 1247.
RO A D .— Proposes to bulk! 87 miles of track betw een Indianapolis and
the Illinois S tate Line, 6 miles east of D anville, where connection will be
m ade w ith the Illinois T raction Com pany’s system . Section between In
dlanapolls and Crawfordsvllle, 45 miles, has been com pleted and Is being
operated. E quipm ent consists of 6 regular and 2 lim ited passenger coaches
and 2 express cars, 300 h. p. each. Power house a t Crawfordsvllle, two
700 k. w. direct connected com pound condensing units.
O F F IC E R S .— Pres., A. A. Barnes, Indianapolis: Sec., Edw ard H aw klus
Indianapolis: T reas., Oliver P . Ensley, Indianapolis; Gen. M gr., C. E. Mor
gan, Craw fordsvllle.— V. 84, p. 1247: V. 89, p. 348; V. 90. p. 372.

INDIANAPOLIS NEWCASTLE & TOLEDO ELECTRIC RY.—An elec

trie road.
Foreclosure Sale.—On April 22 1911 road was sold a t foreclosure to W . E.
Stevenson and D. M. P arry , the original prom oters, for $22,511. Road
will be operated for a tim e by the receiver (Union T ru st Co. of Indianapolis),
th e new owners having the privilege of term inating receivership a t any tim e
they see tit to pay off receiver’s certfs. It Is proposed to form a new com ­
pany to take over the road and eventually extend the line to Toledo.
V. 92. p. 881, 1243.
O RG A N IZA TIO N .— Incorporated la Indiana on N ov. 23 1904. H as
Interurban private right of way 50 to 100 feet w ide, and private right of
wav w ithin city lim its of Indianapolis 150 feet wide to term inal a t 10 th Street
and M assachusetts Avenue.
Indianapolis S treet Ry. has an option to purchase this com pany's line
w ithin the city of Indianapolis a t any tim e.
STOCK AND BONDS— Date. Interest. Outstanding. M aturity.
R eceiver’s c e rtific a te s..........................
6%
$487,000 Sep 15 , 1 9 1 2
E A R N IN G S.— F or year end. June 30 1911, gross, $150,173; n et, $59,366.
R O A D .— Will com prise from Indianapolis to Newcastle, 44 miles; N ew -'
castle to Muncle, 18 miles (for which right of way has been nearly all pur­
chased); Newcastle to R ichm ond, 28 miles. The Indlauapolls-Newcastle
trun k line, 44 miles, has been com pleted and Is In operation. Power-house
Is a t Newcastle. Owns 6 passenger cars and 2 freight cars. V. 87, p. 97;
V. 88, p. 1499; V. 89, p. 778; V. 91, p. 1254; V. 92, p. 881, 1243.

INDIANAPOLIS & CINCINNAt I t RACTION CO.

O R G A N IZA TIO N .— Incorporated In Indiana on N ov. 17 1910 as succes­
sor to the old Indianapolis A Cincinnati T rac. Co., sold a t foreclosure Nov. 10
1910. V. 91. p. 1385. 1025.
In 1911 acquired the Indianapolis A Southeastern T rac. Co. (all of whose
com . and $30,000 1st M. bonds th e old Indianapolis A C incinnati T rac. Co.
had owned and to which com pany the Ind. A Southeastern was leased) and
canceled Its com . stock. V. 92, p. 881,956. P rivate right of way except In
cities and tow ns. County franchises perpetual. Franchises In cities and
towns are for 50 years (the oldest being d ated 1901). except In Indianapolis,
which Is for 34 years from 1900. Has contract w ith Indianapolis T raction
*
Go. for 31 years allowing Its cars to enter Indianapolis.
STOCK AND BONDS— Dale. Interest. Outstanding. M aturity.
Common 52,000,000...................................................... $2,000,000
Pref $1,000,000 (see te x t)...................
J -J
1,000,000 .....................
F irst m tge $4,830,000 ($ l,-\ 1910 5 J -J
1,300,000 Ju ly 1*1940
000) gold (see te x t)------c*j Interest a t C entral T ru st Co., N.Y ., T rustee.
I & S E pf stk $600.000(5100)............ A-O
6 0 0 .0 0 0
In d A S B 1st M $1,000,000? 1905 5 g J -J
500,000 Ju ly 1*1935
gold ($1,000)------------------- /I n t. a t Farmers* Loan A T r. Co.,N . Y., Trus.
In d Shelbyv A S outheast 1st! 1902 5 g J -J
461,000 Jan 1 1932
M $500 000 g ($1,000) s f -_ /In t. a t Amer. T r. A S av. B k., Chicago, T ru s.
Stock.— Ind . A CIn. T rac. pref. Is entitled to non-cum . dlvs. of 2% until
Ju ly 1 1911, then Increasing l% yearly to Ju ly 1 1913; thereafter 5% per




[V O L . LXXXXIV.

annum . Ind . & S. E . pref. Is redeem able a t 105 and accrued dlv. on a n v
dividend date. Sec V. 81, p. 1375.
Bonds.— Ind. A CIn. T rac. 1st M. Is divided Into 3 classes, A. B and C.
Class A, $1,300,000, all out; Class B, $200,000; and Class C, $3,350,000.
reserved for extensions. Im provem ents, Ac. E ntire series of bonds of each
class Is subject to call on or after Ju ly 1 1913 at 105 and Interest. As to
priority of dllferent series, see V. 92, p. 956. Of the $1,000,000 Ind . & B. E .
bonds, $500,000 Is reserved for prior liens. They are subject to call on any
in t. date a t 105 and Int. Of the Ind.Shelbyv. & a . E . bonds, the entire
Issue m ay be called on any Int. d ate a t 110. A sinking fu n d on these
bonds of $10,000 per annum began Jan . 1 1908. for which bonds can be
called a t 105. beginning with lowest num ber. $39,000 have been retired.
ROA D.— O perates 58 miles of track from Indianapolis via R ushvllle to
Connersvillc and 47 miles of track from Indianapolis via aiiclbyvillc to
G reensburg. T otal 105 miles of track . An extension from G rccnsburg toO ., is proposed. 60 and 70-lb. T rails. 20 passenger cars and
4H arrison,
express cars.
O FF IC E R S.— Pres., Chas. L. H enry, Indianapolis; V .-P., T . F . Rose,
Muncle; Sec., John J . Appel, Indianapolis; T reas., Jo hn F. W ild, Indianap­
olis. Office, 123-125 E . M arket S t., Indianapolis.— V. 91. p. 1025, 1385*
V. 92, p. 322, 881, 956.

IRONWOOD, MI0H.

I RON WOOD & BESSEMER RAILWAY & LIGHT CO.

O R G A N IZA TIO N .— Incorporated In W isconsin. Is a consolidation of
(I) the A shland Pow er Co., which owns m ajority of stock of Ashland Light,
Power A S treet R y.; and (2) the Gogebic & Iron Counties R y. A L t. Co.,
owner of all the stock and bonds of Twin City General Elec. Co. of Iron wood
and all the stocks of Gogebic Elec. Co. and Gogebic S t. R y. of Bessemer.
The two latter com panies have no bonds. Controls the electric light, pow er
and street railw ay business In A shland, Ironw ood, Bessemer and H urley and
the gas business in A shland. Also owns some of the m ost valuable natural
w ater powers In W isconsin. Franchises In Ironwood and Bessemer expire
In 1941. In W isconsin operates under Indeterm inate franchise.
STOCK AND BONDS— Date. Interest. Outstanding. M aturity.
$500,000 ......................
Common $500,000.............................- .........................
Preferred 200,000_________________ ______ _
200,000 See text
F irst m tge $2,500,000 gold) 1911 5 F-A
1,344,400 F eb. 1 1936
sinking fund ($1,000)— c * /In t. a t A m erican T ru st Co., Boston, T rustee.
Ash L t. P A S t Ry 1st rntgef 1909 5 g J-J
558,000 Ja n 1939
$1,000,000 g ($1,000)-cA rl In t. a t Chicago Sav. Bk. A T r. Co., T rustee
l (Lovcrett Thom pson of Chic., co-Trustec.)
Bonds.— Rem aining Ironwood A Bessemer 1st M. bonds m ay be Issued
for 75% of cost of new property under certain restrictions. T hey arc sub­
ject to call on any Int. date after Feb. 1 1915 a t 104 and in t. for sinking fun d .
Sinking fund provides for retirem ent of 1% of outstanding bonds beginning
with year ending Feb. 1 1916. E ntire stock and bonds of Gogebic A Iron
Counties R y. A L t. are deposited as additional security. Seo V. 93, p. 1260.
Ashland L t., Pow. A S t. Ry. bonds are subject to call on any Int. day at
104 In and after 1914. Sinking fund of 1% of bonds o ut begins 1912.
Dividends.— 6% per annum Is being paid on preferred.
ROA D.— O perates 7 M miles of line In Ashland and also about 7 M miles
In Ironwood and H urley. An extension from Ironwood to Bessemer, 7
miles. Is under construction.
O FF IC E R S.— Pres., M. M. R eid, A shland; See., Geo. F . M errill, Askland; T reas., W. Louis W illiams, B oston.— V. 93, p. 1260.

ISHPEMING, MI0H.

MARQUETTE COUNTY GAS & ELECTRIC CO.—A trolley road.
O R G A N IZA TIO N .— Incorporated In Maine on N ov. 19 1906 as reor­
ganization of the M arquette County Gas Light A T raction Co. sold under
foreclosure. V. 83, n. 1037. Does gas and electric light business In Nogaunce and Ishpcm ing.
Franchises expire: S treet railw ay, 1936; gas and electrlo In Ishperalng.
perpetual; In Negauuco, gas, 1933; electrlo light, 1021.
$20 0 ,0 0 0 of deos. form erly outstanding have all been canceled and a
new Issue of preferred stock has been m ade.
STOCK AND BONDS— Date. Interest. Outstanding. M aturity.
Common $750,000 ($100)........................................ ..
$750,000 ......................
Preferred $250,000........................................................
125,000 ...................
F irst m tge $1,000,000 gold! 1010 6 J-J
315,000 Jan 1 193©'
($ 1 , 000 ) ..............................c ’ /I n t. a t F irst T r. A Sav. Bk.. Chic., T rustee.
Bonds.— F irst m tge. bonds are reserved under certain restrictions for
Im pr’ts and extens. a t 85% of cost thereof. Sinking fund of 1% of bonds
o ut from 1913 to 1915, Incl., from 1916 to 1929, lncl., 2% yearly. R ed. a t
105 and Int. on any Int. d ay. V. 01, p. 1767.
EA R N IN G S.— For calendar year 1911, gross, $124,455: net, $39,256.
ROAing.
D.—O perates 4 H miles of track In and betw een N cgaunce and
Ishpcm
O FFIC E R S.— P res., L . E . Myers; Seo. A T reas., W . I I . P . W eston.
1117 M onadnock Building, Chicago.—V. 91. p. 1767.

ITHACA, N. Y.

ITHACA STREET RAILW AY.
Receivership.— On J a n . 16 1912, In action brought by K nickerbocker T r.
Co. under the 1st consol, m tge., John W. Dwight and Roger B. W illiams J r.,
of Ithaca, were appointed receivers for the Ithaca S t. R y. V. 94, p. 123.
The N . Y. A uburn A Lansing, an allied steam road. Is also In the hands of
sam e receivers. In t. due Ja n . 1 1912 on 1st and 2d m tges. Is In d efault. A
bondholders’ com m ittee has been form ed w ith II. W . F ltz., C hairm an,
P aw tucket, It. I.
O RG A N IZA TIO N .—Chartered Nov. 18 1884. In June 1908 acquired
the stocks of the Cayuga Lake Elec. R y. and Ithaca A Cayuga H eights Ity.„
which roads were form erly leased. In Ju ne 1907 the New York R ailroad
Commissioners authorized a new m ortgage for $750,000 as below.
Franchises granted May 13 1908 are for 99 years and cover double-tracked
portion of road. O ther parts of system private right of way or franchises
perpetual.
STOCK AND BONDS— Date. Interest. Outstanding. M aturity.
Stock. $325,000 (par $ 10 0 ) ............................................. $325,000
1908,4%
Consol, m ortgage, $750,000,1 1907 5 g J-J
475.000 July 1 1957
gold — - - — — c M In t. a t K nickerbocker T rust Co., N .Y ., Trus.
First m ortgage. $175,000____/ 1892 6 J-J
175,000 July 11922
lin t, payable at Farm ers L. A T r. Co., N. Y.
Second m ortgage, $75,000___ 1894
6 J-J
75,000 July 11922
Cayuga Lake Elec 1st m tge gu_ 1894 6 J-D
25,000 Ju n e 1 1922
Bonds.— No more bonds of 1907 can be Issued except to retire prior liens.
They are subject to call a t 107. No sinking fund. They are g uar,, p . A 1..
by N. Y. A uburn A Lansing R R .
ROA D.— Owns and operates 8.29 miles of track . Ralls 80-lb.
R E P O R T .— For year ending Ju ne 30 1911, gross, $137,678; net, $46,563.
charges, taxes, Ac., $26,070; deorec.. $3,718; dlvs., none; su rp ., $16,775:
O FF IC E R S.— Pres., A. H . Flint; V .-P., Chas. W . McChcsney; See. and
T reas., H . A. C lark.— V. 72, p. 988; V. 84, p. 1307; V. 85. p. 40; V. 94.
p . 123.

JACKSON, MICH.

M I C H I G A N U N I T E D R Y S . — A third-rail and trolley sy st em .

071 or about Ja n . :i 1‘J 12 the Michigan United Trao. Co. was Incorporated
In M ichigan w ith 5100,000 stock. In Deo. 1011 the Michigan lty s. was In­
corporated In Maine (V. 01, p. 08 ), w ith 510,000,000 (5100) autli. stock. I t
Is supposed the two new companies will figure, probably one as a holding
com pany, the other as an operating com pany. In connection w ith plan
pending for sale or lease of M ichigan U nited ltys. V. il l, p. 207.
O RG A N IZA TIO N .— Incorporated In Michigan on March 31 1900 and
on May 1 1900 took over the Michigan Traction Co., the Michigan T raction
Extension C o., the Jackson H attie Creek T raction Co., and the I.anslng &
Suburban T raction Co. The Lansing & Jackson Hallway Co. has also been
deeded to the Michigan U n. ltys. In O ct. 1907 the Lansing So. Ity. was
Incorporated as a subsidiary com pany to build two miles of electric railw ay
through Mason. Mich. Stock, 550,000.
fn 1908 purchased Jackson Consolidated Traction Co. V. 85, p. 1183,
and V. 87, (). 285. L atter com pany's franchises In Jackson expire In 1000.
The city of Jackson has the right to purchase the Jackson Consolidated
Trac. a t an appraised value In 1930 and each 5 years thereafter.
In April 1911 leased for 5 years tho K al. Lake Shore & Chlo. R y., which
operates a steam line betw een K alam azoo and South H aven, .about 51 miles,
and (during the sum m er only) from South H aven to Paw Paw Lake, 17 m .,
and will equip it for electrlo operation. It Is stated th at road will bo extended
to Benton Ilnrbor and fast boat service betw een th a t olty and Chicago In­
augurated. V. 92, p. 1178.

On Deo. 19 1911 Mich. R R . Comm. a u th . com pany to Issue approxim ately
51,313,000 additional 1st A ref. bonds (Included In am ount outstanding
below ).
STOCK AND BONDS— Date. Interest, Outstanding. M aturity.
Com mon, {6,000.000 ($ 10 0 ) ...........................................$6,000,000 .........................
Pref $1 000,000 ($100) 0 % c u . ____
M-S
1 OOO.OOO See tex t.
ta t A ref’g m tge $12,500,0001 1906 5 g M-N 5.738.000 May 11936
gold ($1,000. $500. $25 0 ,[ln t. at K nickerbocker T r.C o.. N. Y .. trustee,
$100 and $ 5 0 )...............c& rj or N at. Provincial Bk. of E ng.. London.
Mich T ract 1st m tg e ................. / 1901 5 g J -J
700,000 Ju ne 1 1921
$700,000 ($1,000) gold-.c* (In terest a t New York T rust Co.. T rustee.
Michigan T rac ext first mtge? 1903 5 g J D
500,000 Dec. 1 1923
$500,000 ($1,000) gold- . .c )In t. a t Knickerbocker T r. Co.. N. Y .. T ru st.
Jackson A B attle Creek first) 1903 5 g J-J
1,200.000 Jan . 1 1923
m ortgage, $1,200,000 ($1,-[interest a t Citizens’ Savings A T rust C o.,
000) gold . _______ -_c*J Clove., T rustee, or F irst N at. B k., N. Y.
Jackson Consol T rac 1st m tge) 1904 5 g M-N
790,000 May 1 1934
$1,000,000 gold ($100, $500 [Interest a t G uardian T ru st Co., New Y ork,
and $1,000)........................c*J T rustee
Bonds.—Of the $12,500,000 1st A ref. bor.ds. $3,190,000 arc reserved
for prior liens now outstanding, $1,470,000 for construction or purchase
of additional lines. $2,102,000 reserved for additions, betterm ents and
Im provem ents. Are subject to call after May l 1916 a t lio . V. 8 2 ,
p. 1157. See also V. 87, p. 167, 285; V. 88, p. 1437. Bonds arc listed In
London. V. 90, p. 014. The Jackson Consol. T rac. Co. bonds arc subject
to call on any ln t. date a t 105. They are guar., p. & 1., by Mich. U n. R ys.
On the Michigan T raction Co. bonds a sinking fund of 5 % of gross earn
Inga commenced In 1903, to be used In buying bonds a t not to exceed 110;
otherwise to be Invested In other standard securities. V. 72. p. 391;
$150,000 of bonds held in sinking fund in Jan . 1912.
The Jackson A B attle Creek bonds are subject to call in any am ount
after 10 years a t 105 and interest. V. 75, p. 1147.
D ividends.—6% Is being paid on pref. stock.
E A R N IN G S.— Including Jackson Consolidated T raction Co.:
Years ending A pril 30—
. J 9 ' 0'* 1;«!°n 9 A°7 on
Gross
earnings..............................................
2 ?2
O perating
expenses___________________ 1 2799,087
684,210
o08,lo7

^ , ? ’T

N et earnings
__ __________- $649,726
$564,673
$458,639
$360,736 $305,891
In te rest and ta x e s .- ................................. $419,374
iS S fe S ed d iv id en d s................................... _ _ 00.000
60.000
60.000
S urplus
.................................................. $170,352 $143,937
$92,748
Passengers carried In 1910-11.22,046,361, against 19,860,950 In 1909-10.
RO A D .— Operates all city lines In Jackson, B attle Creek, Kalamazoo
and Lansing and Intcrurban lines between Jackson, Battlo Creek and Kala­
mazoo, and between Jackson, Lansing and S t. Johns, Lansing and Owo?so,
and from Jackson to Grass Lake and w olf Lake; total operated, 255 miles.
Through service between Jackson and Lansing began In Nov. 1909. The
extension of the Pine Lake line from Lansing to Owosso (25 miles) construc­
ted by allied Interests was placed In operation In Ju ly 1911.
O FF IC E R S.— Chinan, of B oard, Geo. G. Moore, D etroit; Pres.. Myron
W . Mills, P ort H uron; 1st V .-P ., J . R . E lliott, P ortland, O re.; V .-P. A
Gen. M gr., A. W . M cLlm ojit, Jackson; Sec. A T reas., R . Morrison Jr.,
Jackson; A sst. Sec. A T reas., K lrke L athrop. General offices, Jackson,
MIoh.— V. 87. p. 97, 167. 282, 285; V. 88. p. 295, 1437; V. 90, p. 106, 914;
V. 01. p. 1026, 1096. 1157; V. 92. p. 1178; V. 93. p. 1787; V. 94. p. 68,207.
E D W A R D S HOTEL

61

ELECTRIC RAILWAYS

J a n ., 1912. j

&

JACKSON, MISS.

C I T Y R A I L R O A D CO.

O R G A N IZA TIO N .— Incorporated Ju ly 19 1870 under a special chartei
granted by the Legislature of Mississippi for unlim ited num ber of years
In 1908 purchased the Jackson Electric R y. Light & Power Co
STOCK AND BO N D S.— Date. Interest. Outstanding. M aturity.
Stock $40,000 ............................... ...................................
$40,000 ..........
Mortgage $1 .ooo.ooo.............. o 1908 5 J-J
3 0 0 .0 0 0 Jan
1 n>3*
Bonds.— $300,000 were Issued to retire Jackson Elec. R y. L t. & Pow
C o.’s bonds; $700,000 reserved for betterm ents and additions. Gannoi
be ROAD.
called. —O perates 12 miles of. track.
,
_ „ _
.
O FF IC E R S.—P res., F. G. Jones; V .-P. Ben. H . Wells; Sec. and T reas.,
S. T . Carnes: Gen. M gr., Jack A bbott.

JACKSON, TENN.
JACKSON R A IL W A Y

&

L I G H T CO.

O R G A N IZA TIO N .— Incorporated In Tennessee In Ju ly 1906, and Is b;io
ccssor to the Jackson A Suburban S treet Railroad Co. Franchise e x p ire
In 1937. Also owns a park of 15 acres. Docs lighting and power business
In addition to street railw ay.
STOCK AND BONDS— Date. Interest. Outstanding. M aturity
Stock $600,000 ($100)............... 1 - - ...........................
$600,000 ...............
1st m tge $600,000 ($1,000)1 1900 5 g J-J
500.000 Jan 1 1037
N o s f Redeem a t 105 ciColum bla T rust Co.. Louisville, T rustee.
E A R N IN G S.— For calendar year 1910, gross, $78,301; n et, $31,834;
fixed charges, $24,058; surplus, $6,876.
RO A D .—O perates 9 ^ miles of track . 60-lb. rail. Com pleted a modem
power p lan t In 1907.
._
„ „ „
O FF IC E R S.— P res.. H arry Welsslnger; V .-P. and Gen. M gr.. S. S. Bush;
See. and T reas., Geo. W. Lewis, all of Louisville, K y.— V. 83. p. 05.

JACKSONVILLE, FLA.

J A C K S O N V I L L E T R A C T I O N C O — Tro lle y.

O RG A N IZA TIO N .— Is a re-Incorporatlon In Mass. In Mch. 1911 (V. 02.
p. 881) of th e Jacksonville Elec. Co., which was a consolidation of th e Jack ­
sonville S t. R y. Co., the Main S t. R R . Co. and th e Jacksonville Elec. L t. Co.
Stock of old com pany was exchanged, share for share, for stock of new com­
pany Railw ay franchise expires In 1932. Docs entire electric railw ay bus­
iness In Jacksonville. $350,000 com . stock Is held by P ub. Serv. Inv est. Co.
STOCK AND BONDS—
Date. Interest. Outstanding. M aturity.
Com m on *1,000.000 ($100).......................
Q-F
5000,000 F c b ’1 2,lM
Pref 0% cum 5500.000 ( 5 1 0 0 ) .------ 8 Q-F
500,000 F e b ’lJ .lM
F irst cons m tue 55,000,0001 1011 5 M-S
750,000 Mch 1 10.11
(5500 and 51.0001............ o -J In t. a t S tate S treet T ru st Co., Boston, I ru s .
Jaoksonv Eleo 1st M $1,250,-1 1002 5 ff M-N
1,207,000 May 1 1027
ooo Kold (51,000)______c - f ln t. a t American T ru st Co., B oston, T rustee.
Honda.—-Of th e 1st consol, bonds, 51,250,000 arc reserved to retire Jack ­
sonville Eleo. 1st M. and 53.000,000 are for additions and Im pts. a t 80% of
cost. SubJ. to call as a whole or In p art for sin k .fu n d at 1 0 5 a n d ln t. S in k ,
fu n d 1% per annum of bonds out begins March 1 1917. V. 92, p. 1504.
Jaoksonv. Eleo. Co. bonds arc subJ. to call as a whole a t 105 and ln t. on any
ln t. date. A sink, fu n d of 1 % annually of bonds out commenced May 1
1907. which m ay ho used either for exten. and Im pts. or In puroh. of bonds.
D ividends.— On old Elec. Co. com . 0% annually from Aug. 1 1905 to
A ug. 1 1910, when rate was Increased to 7% and sam e am ount paid to Feb.
1911. On new True. Co. com . Initial d lv.— 1 % % —paid In May 1911; A ug.,
IM % : N ov., I H % - In 1912, F eb., 1 « % .
E A E N IN O S.— For 12 mos. ending Nov. 30 1911, gross, 5571,854; net,
$281,490; b it. & taxes, 5122,908; b up t. fund. 512.500; balance, 5120,082.
RO A D .—O perates 42.2 miles of track . H as 82 cars. Ralls, 40 to 70
lbs. Gauge, 5 ft.
O F F IC E R S .— Pres.. Geo. J . Baldwin, Savannah. Oa.: 1st V .-P.. Clias. F.
W allace; 2 d. V .-P.. Ilarry II. H unt; T reas., H enry B. Saw yer; Sec., Alvah
K . Todd- M gr.. H ardy Croom. Jacksonville. F la.; Gen. Mgrs. and Transfer
A gts.. Stono & W ebster. B oston.— V. 02, p. 881. 1564.

JAMESTOWN. N. Y.
J A M E S T O W N S T R E E T R A I L W A Y . — Tro lle y.

O RG A N IZA TIO N .— Incorporated O ct. 18 1883. Franchise runs till 1082.
STOCK AND BONDS— Dale. Interest. Outstanding■ M aturity.
Stock. 8230.000 (par 550)............ - - - - - - - - 5250.000 ..............- - - ­
1st m ortgage 5300.000 goldl 1803 6 g J-J
300,000 Jan 2 1923
(51,000)
. . .c - |I n t . a t G uaranty T ru st Co., N. Y ., T rustee.
C urrent liabilities June 30 1911 ----- . - - - - - - 982,083 ......................
E A R N IN G S.— For year ending Juno 30 1911, gross, 5210,538; net.
512.125; other Income, 514,836: charges. 578.104; dclloit. 551.143.
R O A D .—Owns 24.643 miles of track. 55 cars, 2 sweepers.
O F F IC E R S .— Pres., A. N. Ilroadhead: V .-P ., L. II. VVarner: Sec. and
T reas., S. 11. B roadhcad; Gen. M gr., G. E . M altby, all of Jam estow n.




CHAUTAUQUA TRACTION C O — A trolley road.
O RG A N IZA TIO N .— Incorporated In New York on M arch 7 1903. Is
controlled by the sam e Interests as the Jam estow n S treet R y.
STOCK AND BONDS— D ate. Interest. Outstanding. M a tu rity.
Stock. $500,000 ($100)................................................
$500,000 ......................
1st m ortgage. 5600,000. goldl 1904 5 g A-O
159.000 A pr. 1 1934
($1 .00 0 )................................. c jln t. a t T itle G uar. & T r. Co . N. Y .. T rustee.
C urrent liabilities Ju ne 30 1911 ..........................
476,381 .....................
Bonds.— $100,000 are reserved for extensions, &c. S o sinking fund and
are not subject to call.
E A R N IN G S.— For year ending June 30 1911. gross. $179,170; net. $47,­
845; Interest and taxes, $71,802; deficit, $23,957.
R O A D .—O perates 28.73 miles of track from Lak wood, where connec­
tion Is m ade w ith the Jam estow n S t. R v., to M ayvllle, th ere co nectlug
with the Pennsylvania R R .. and to W estfield. N Y . . connecting there w ith
the Lake Shore & Mich. So. and the N . Y. Chicago & S t. Louis R y., and
from Westfield to Barceloua-ou-lake E rie. S tandard gauge; 80-lb. T rail.
O F F IC E R S .— P res.. A. N B roadhcad; V .-P .. W m . B roadhcad: T reas.
S. B. B roadhead; Sec., W . R . Reynolds; M gr., Geo. E . M altby; S u p t.
Austin A. H a r v e y . ________

JERSEY CITY, N. J.

PUBLIC SERVICE CORPORATION.
See statem ent and m aps under "N ew ark. N . J .”

JOLIET, ILL.

JO L IET & SOUTHERN TRACTION CO.
Receivership.— On F eb. 4 1911 Judge Carnes In K ane C ounty C ourt, on
application of creditors, appointed H . A. Fisher (Pres, of co.) and Daniel
Peterkln receivers. V. 92. d . 395. A bondholders' com m ittee has been
form ed. V. 92, p. 1636. No bond interest has been paid since receivership.
On Nov. 23 1911 Cont. A Comm. T r. A Sav. B k., as trustee, began fore­
closure proceedings In K ane C ounty Circuit C ourt. V. 93, p. 1191, 1532.
O R G A N IZA TIO N .— In Jan u ary 1907 purchased the Joliet Plainfield &
Aurora U R ., which It now operates.
STOCK AND BONDS— Date. Interest. Outstanding. M aturity
Stock, $1,500,000 ($100)............................................. $1,500,000 ......................
1st m tge, $1,500,000, gold) 1907 5 g F-A
1,211,400 Sec te x t.
($100, $500 and 51,000) .c*j ln t. a tC o n t. & C om .T r. & S. B k.,C hlc.,T rus
Jol P <Ss A R R $400,000, gold) 1903 5 g F-A
397.000 Aug 1 1938
($1,000) .......................c* A r/In t. a t Cont. A Com. T r. A S av .B k ..C h ., T r.
BONDS.— F irst m tge. bonds m ature serially ending 1942. T hey are
subject to call a t 105 and ln t. on any ln t. day after 1912. $400,000 are re­
served to retire the Joliet Plainfield A A urora R R . bonds. T he la tte r are
subject to call on any ln t. d ate after 10 years a t 105 and lnt.; a sink, fund of
2% of gross earns, began Aug. 1 1909, b u t a t least $3,000 yearly 1909 to
1929; thereafter $4,000 yearly; $3,000 have been retired.
EA R N IN G S.— F or calendar year 1910, gross. $171,853; net. $51,252.
RO A D .— O perates 45 miles of track betw een Joliet and A urora and Joliet
and Chicago H eights and 2 miles of track In Joliet. Is constructing 5 miles
additional track In Joliet. I t Is proposed to extend road from Chicago
H eights to H am m ond. 14 miles. Form s a connecting link between Chicago
A Joliet Elcc. and A urora Elgin A Chic. R R . Has independent entrance
and term inal a t Joliet, and w ith a sub-station of Its own Is getting Its power
from the Econom y Co. Has a long-tim e con tract for use of term inals a t
A urora. 60-lb. T rail, standard gauge.
O F F IC E R S .— Pres., H . A. Fisher; V .-P ., Jo hn M. R aym ond: Seo.,
J . K. Ncwhall; T reas., L. D. Fisher.— V .92.p.395, 1636; V .9 3 ,p .ll9 1 . 1532.
BLOOMINGTON PONTIAC & JO L IE T ELECTRIC RY.— A trolley road.
O RG A N IZA TIO N .— Incorporated In 1903. P riv ate right of w ay except
In cities, where franchises run 50 years.
STOCK AND BONDS— Date. Interest. Outstanding. M aturity.
$ 3 0 0 ,0 0 0 ...............___
Stock. $2,500,000 ($ io m .............................................
1st m ortgage, $2,500,000.1 1905 5 g M S
4*0.000 Sept 1 1935
g ($100, $500 and S1,000)./ l n t . a t A mer. T r. A Sav. B k.. Chic.. T rustee.
BON DS.— Subject to call a t 105 and ln t. on any ln t. date. No sink. fund.
V. 00, p. 235.
R O A D .— H as under construction a line to connect th e points nam ed In
the title, of which 20 miles, betw een Pontiac and D wight. Is In operation.
10 m ore miles from Pontiac to Chenoa Is about 45% com pleted.
O FFIC E R S. -P re s .. H. A. Fisher; V .-P., D. S. Meyers; T reas., L. D .
Fisher; Sec.. John K . N ewhall; Gen. M gr., F . E . F isher.—V. 85, p. 1004.
V. 90, p. 2 3 5 . _____________________

KANSAS CITY, MO.

KANSASCITY RAILW AY & LIGHT CO.
O R G A N IZA TIO N .— Incorporated In 1903 In New Jersey and ac­
quired the entire outstanding capital stock of the M etropolitan Street R ail­
way of K ansas City and the K ansas City Electric Light Co. (Plan In V.
76 p 1143.) Through M etropolitan Street Railw ay stock, the K ansas City
Railway A Light Co acquired the stock of the C entral Electric Railw ay
Co. and practically all of the stock of the K ansas City E levated Railw ay
C o ..an d , through the stock of the K ansas City Electric Light Co.. It ac­
quired the stock of the Edison Electric Light A Power Co. (of K ansas
C ity ), the Consolidated Electric Light A Power Co. the S tandard Electric
Light Co. and the Kansas City Electrical W ire Subway C om pany—except,
of course, In each Instance the qualification shares held by directors.
Controls all the street railw ay, electric-lighting and power business In cities
of K ansas C ity, Mo., and K ansas City, K an.
Owns entire stock of the Kansas City A W estport Belt R y. (a steam
road, since converted to electricity). which on June 16 1906 absorbed the
Interurban South Side R y., both having perpetual charters and being or­
ganized under the General Railroad Law of Missouri; aiso acquired capital
stock of the K ansas City H eating Co., having a franchise w hichcxplrcsln
1935. This last distributes steam In the business centre of the city.
Street Railway Franchises.—The franchises of the railw ay lines In K ansas
C ity, Mo.. In which city the greater part of system Is located, were revised
and confirmed In July 1902 and franchises granted for extensions and v alu ­
able trackage rights In newly populated portions of the shopping and
delivery districts, all of which franchises are operative to the uniform d ate
of Ju ne 1 1925. The railw ay franchises In K ansas City, K an., in Dec. 1902
were renew ed, and auth o rity was given to build extensions, all for the
m axim um period for which the city had power to grant the sam e, nam ely
to Dec. 19 1922. By the term s of the franchises the rate of fare Is definitely
Ixed at 5 cents, transfer privileges are provided, and the taxes practically
lim ited to 8 % of the annual gross receipts.
Electric Light Franchise.—The franchise of the K ansas City Electric Light
Co. Is perpetual.
Receivership.— On June 3 1911 Federal Judge W . C. Hook appointed
R ob t. J . Dunham (Ch. of K . C. R y. A L t. board of directors) of Chic, and
Ford F . H arvey of K ansas City receivers for the M etropolitan S t. R y.
(V. 92, p. 1504.) It Is stated th a t receivers were appointed a t the Instance
of bankers to conserve the property until satisfactory franchise relations
with the city can bo eircctcd. No defaults have occurred. V. 93, p. 1191.
Sec form al statem ent by R . J . D unham and bankers' circular in V. 92, p.
1565. A protective com m ittee has been form ed calling for deposits of
M etrop. bonds. V. 92. p. 1565. On June 15 1911 Judge Hook in U . S. Cir­
cuit C ourt authorized the receivers to pay prln. A ln t. of obligations of
M etrop. S t. R y. m aturing In 1911 to the am ount of $984,640 from earnings
of com pany, provided It would not unduly ham per operation of road. See
V. 92, p. 1701. The city In Sept. 1911 having petitioned Judge Hook to
require com pany to live up to Its franchise obligations, Special M aster Brum bach on N ov. 24 1911 reported th a t $8,274,800 would be required, provided
It should be determ ined by law th a t the city has the righ t to enforce such
requirem ents. See V. 93, p. 1532.
STOCK AND BONDS— Date. Interest. Outstanding. M aturity.
......................
Common, $12,500,000 ($100)....................................39.543,080
Pref., 5% n. c., $12,500,000.
($100)-. -7 . . . . . . ............................
5 O-M 9.407.500 M ch .’l l 1 H %
1st Hen refund M.", $20,000.-) 1903 5 g M-N15 10,220.000 May 15, 1913
000 gold - .1 ..............._c*Ar)New York T ru st Co., N. Y ., and H enry C.
| Fow ler. T rus. In t. a t Co.’s agency N . Y.
J or K ansas City.
N otes, $5,500,000 ($1,000) . . 1907 6 M-S 5,500,000 S ept 1 1912

ELECTRIC RAILWAYS

62

STOCK A N D BONDS— Date. Interest. Outstandlno. M aturity
Underlying Liens.
C orrigan Con. S t. R y. 1 stl 1886 5 g J - J
$206,000 Ju ly 11916
M. ($1,000) g ., red. a t H O JInt. at Central T rust Co., N . Y . T rustee.
M etropolitan S t. R y. con. 1895 5 g M-N 7,292,000 May 1 1913
m ortgage
$8,600,000, rn t. a t Old Colony T ru st, T rustee, Boston
gold ($1,000)..................c*Ar Interest also payable In New Y ork.
C ent. Elec. R y. 1st m ort., 1899 5 g M-N 2,000,000 M ay 11913
$2,500,000 ($1,000) gold,' Interest a t T rust Co. of A m ., N . Y ., T rustee
g u a r ___________________ c* Bonds m ay be called at 105 on any Interest
day on 30 days’ notice.
E a st Side Eleo. R y. 1st M .,' 1901 5 g J -J
250,000 Ju ly 1 1911
$250,000 gold ($1,000), In t. a t T ru st Co. of A m ., N . Y ., T rustee.
n o t g uar------------c*. W m . H u ttlg of K ansas City Is also T rustee
Controlled Companies.
K ansas City E levated R y.l
1st
M. pref. ($600,000) 11892 6 g J-J
$600,000 Ju ly 1 1922
g. ($1,000) guar. p .A I., c**J
2d M. gen’l ($2 000,000)1 1892 4 g J-J
. . . . . . Ju
___ly 1 1922
.
2.000,000
^ g . ($1,000) guar. p. A I.c * jIn terest a t M anhattan T ru st Co., N . Y.
K an. C. A W estp. 1st M.,1
$500,000, gold, g uar.) 1906 5 g J -J
500,000 Ju ly 11926
($1,000)---------------------------j Interest a t N . Y. T ru st Co.. N . Y ., T rustee
Bonds.— Of the new $20,000,000 m ortgage of the K ansas City R y. A Light
Oo.. $9,780,000 are reserved for underlying liens. These bonds are both
coupon and registered, the coupon bonds being In denom ination of $1,000
and the registered bonds In denom inations of $1,000, $10,000 and $50,000.
The new bonds are redeem able a t 105 and ln t. on a n y Int. d ate . The M etro­
tan S t. R y., the K an. City Elec. L t. Co. and the Cent. Elec. R y. In May
?oil
913 racde m tge. notes aggregating $10,500,000, which are deposited as
collateral under the new K ansas City R y A Light Co. m ortgage; the share
capital acquired of the K ansas City Elec. L ight Co and the M etropolitan
S treet R y. has also been so deposited.
N otes of 1907 consist of $4,125,000 series “ A ” and $1,375,000 series "B ."
T hey are redeem able on 8 weeks’ notice on any In t. date a t 100 and ac­
crued Interest. T hey are secured by pledge of $5,500,000 notes of
M etropol. S t. R y., $1,000,000 notes of K an. City Elec. Light Co. and $2,­
695,000 com. and $2,977,900 pref. stock of the K an. City R y. A L t. Co., and
such securities of subsidiary com panies as are pledged under the Indenture
of M ay 15 1903, securing the 1st lien ref. gold bonds. The series "A ” notes
are convertible a t option of holder Into OH shares of com . and 7 shares of
pref. stock. V. 85, p. 284; V. 85, p. 469; V. 86, p. 285. $22,000 of Ser.
A ” notes are In treasury.
M etropolitan consol, m tge. for $8,500,000 fell due M ay 1 1910 b u t was
extended for 3 years to M ay 1 1913 and new bonds offered In exchange for
old bonds. See V. 90, p. 1045. M tge. Is closed and lim ited to $7,500,000.
R em aining bonds arc reserved to retire Corrigan Con. S t. R y . bonds.
V. 90, p. 1044, 1363. N ot subject to call.
T he bonds of the K . C. A W estport R y. are guar. prln. and ln t. by the
K ansas City R y. A Light Co., and are subject to call on any Interest date
a t 105 and Int. on 90 days’ notice.
K ansas City Elevated R y . 1st M. preference 6s are guaranteed, principal
and interest, by endorsem ent by th e M etropolitan Street R y.; so are the
2d M general 4s. The guaranty on the la tte r w as 3 % per annum until
Ju ly 1895 and since then 4 %. For form of g u aran ty , see V. 73, p. 1160.
D ividends.— F irst d tv., 1 H % on pref. stock, was paid on Ju n e 1 1904
and 1
q uar. since then, to and incl. Mch. 1 1911. None since to Ja n .
1912. See V. 92, p. 1375, 1436.
R E P O R T .— F or years ending M ay 31. Passengers carried for revenue
In 1910-11, 117,364,925; transfers, 48,806,427. R eport for 1910-11 in
V. 93, p. 1458.
1911.
1910.
1909.
Gross e a rn in g s .................- .............
$7,727,680 $7,101,042 $6,627,077
O perating expenses______ ______
4,450,534 4,153,250 3,766.788
N et earnings________________
$3,277,146 $3,007,792 $2,861,189
M iscellaneous Incom e__________
45,491
17,399
1.218
T otal net earnings........................
$3,322,637 $3,025,191 $2,862,407
F ixed .and other charges_______
2,398,890 2,157,962 2,105,780
S urplus______________________
$923,747
$867,229
$756,627
DIvs. on pref. stock ____________
'% )352,78l (5)470.375 (5)470,375
B a la n c e .................................................... $570,966
$396,854 $286,252
RO A D .— Comprises 136.13 miles of road and 260.6 miles of track. Light­
ing (May 31 1911) equivalent to 1,092,312 16-candlc-power Incandescent
lam ps.
O FF IC E R S.— P res., Jo hn M. Egan; V .-P., F rank H agerm an; Sec. and
T reas., J . A . H arder; C om pt., R . J . C lark.— V. 90, p. 1044, 1363; V. 91,
p. 589, 714. 790, 871, 1629; V. 92, p. 395, 595, 1375, 1436, 1564; V. 93,
p. 1386. 1458, 1532, 1668.
K A N S A S C I T Y - W E S T E R N R A I L W A Y . — A t r ol le y ro ad .

Form erly the K ansas Clty-Leavenw orth R ailroad and nam e changed to
K ansas C ity-W estern R y. H as long-tim e franchises In territory served.
STOCK AND BONDS— Date. Interest. Outstanding. M aturity.
Stock. $2,000,000 ($100)..................................................$2,000,000 .......................
1st ref m tge $5,000,000 goldl 1905 5 g M-S
1,650,000 Sept 1 1925
(coup, $1,000; r, $1,000, ^Interest a t S tandard T rust Co., New Y ork,
$5,000, $10,000) ................. J trustee.
Stock and Bonds.— $1,400,000 of bonds were Issued to refund alik e am ount
of bonds outstanding of old com pany, all but $42,000 of which have been
retired, $100,000 for general corporate purposes and $150,000 for Improve
m epts; rem aining $3,350,000 to be Issued for acquisitions, extensions and
Im provem ents under custom ary restrictions. E ntire outstand in g Issue Is
red. on any ln t. d ate a t 105 and Int. V. 89, p. 1483.
R E P O R T .— F or year ending June 30 1911, gross, $357,234; n et after
taxes, $126,280; fixed charges, $82,500; surplus, $43,780. In 1910, gross,
$362,495; n et after taxes, $130,426; fixed charges, $82,500; su r., $47,920.
R O A D .— Owns and operates 43.53 miles of road, of which about 18 miles
are w ithin the city of Leavenw orth and 25 H miles betw een F t. Leavenw orth
and K ansas City, K an. E nters K ansas City, M o., over tracks of the K ansas
City V iaduct A Term inal R y., which owns and operates a steel and con­
crete viaduct connecting K ansas C ity, K an., w ith K ansas C ity, Mo. H as
econd entrance Into K ansas City over tracks of the M etropolitan S treet Ry.
O F F IC E R S .—C. F. Holm es, Pres.; C. F . H utchings, V .-P. and Gen. A t­
torney S. D. H utchings, Sec. and T reas.; J. W . R ichardson, Gen. S upt.;
W . AI. B onar, A ud. General office, L eavenw orth, K an .— V. 89, p. 1483;
V. 90, p . 110, 368.
M I S S O U R I & K A N S A S I N T E R U R B A N R Y . — K now n as "S tran g L ine.’’
O R G A N IZA TIO N .— Incorporated In K ansas under Gen. R R . law. In
1909 receiver appointed the previous year was discharged, and old com pany
resum ed control. V. 86, p. 1467; V. 89, p. 1281. M otive power changed
from S trang gasoline cars to electricity in 1908. V. 87, p. 614. H as private
rig h t of way about 80 feet wide from K ansas City to O lathe.
STOCK AND BONDS.— Date. Interest. Outstanding. M aturity.
sto c k , $1.000.000 ($100)..................................................$1,000,000 ......................
1st m ortgage $600,000 gold! 1906 5 g J-J
600,000 Jan 1 1956
($1 ,00 0 )___
____cj Fidelity T ru st Co., K ansas C ity, trustee.
R O A D .— O perates 20 miles of road, from K ansas City through Southrldge, M orrison Ridge, MUburn Place, O verland P ark and Lenexa to O lathe.
E nters K ansas City over tracks of th e M etropolitan S treet R y . 70-lb. rails.
H as 13 cars, Including passenger and freight.
O FF IC E R S.— P res., W . B. Strang: V .-P ., A. F . H u n t J r.: Sec. A Treas.
W m . L Ittler; Gen. M gr., Thos. Riley. General offices, O verland P ark,
K an . V. 87, p . 614; V. 89. p. 1281.

KENNETT, PA.

[V O L . LX XX X IV .

O RG A N IZA TIO N .— Incorporated In Pennsylvania on May 24 1905.
and is a reorganization of a com pany of the sam e nam e sold under foreclosure
In April 1905. On Feb. 26 1908 absorbed the form erly controlled Oxford
W est Grove A A vondale S t. R y ., which Is building the extension from
Avondale to O xford. See V. 8 6 , p. 670.
STOCK AND BONDS.— Dale. Interest. Outstanding. M aturity.
Common $925,000 ________________ __________ $525,000 _________
Pref ($75,000) 6 % n o n - c u m .......... ...................
7 5 000 _______
_
1st m tge $1,000,000 gold) 1905 5 g J-D
420,000 Ju ne 1 193*
($500 and $1.000)...............cj In t. a t Integ. T . I .T r . A S. D .Co.. P hlla.,T r.
E A R N IN G S.— F or year ending Dec. 31 1911, gross, $67,283; n et, a fte r
taxes, $18,424. In 1910, gross, $62,034; n et, after taxes, $18,179.
RO A D .— A bout 20 miles of track betw een W est Grove, A vondale, Kenn ett Square and W ilm ington, connecting a t K ennett for W est C hester.
The extension from Avondale to O xford, 12 H miles, has been com pleted a»
far as W est Grove, and Is in operation to th a t p oin t. Gauge, 5 ft. 2 K In.
60 and 70-lb. T and girder rail.
O FF IC E R S.— P res., Geo. Kessler, Phlla.; V .-P ., Clarence L . H arper,
Phlla.; Sec. and T reas., Philip E . Guckes, Phlla.; S u p t., H . Baluss, K en n ett
Square, P a .— V. 86. p. 670; V. 91, p . 1575, 1631, 1712.

KENOSHA, WIS.

K E N O S H A E L E C T R I C R Y . — A tro lley ro a d .

In Jan . 1909 the Investm ent R egistry Co. of London, E ng., took ov e r t he
m anagem ent, having purchased control from A. C. F rost. V. 88, p. 101,
O RG A N IZA TIO N .— Franchise Is for fifty years from June 2 1902.
STOCK AND BONDS.— Date. Interest. Outstanding. M aturity+
Stock $1,000,000 ($ 1 0 0 ) .................................................... $500,000 ......................
F irst m ortgage $1,000,0001 1007 5 g A - O
500,000 A p r i l 1 1927
($1,000) gold_____________ (W estern T ru st A Savings Bank and Wlllloughby G. W alling, Chicago, trustees.
RO A D .— O perates 7.4 m . of track In K enosha and to N . and S .K enosha.
O FF IC E R S.— Pres., H inton E . Spalding; See. A T reas., KIrkc L ath rop .
both of D etroit. M ich.— V .81,p.1492; V .84,p.l052; V. 88, p. 101.
KEOKUK

KEOKUK, IA.

E L E C T R I C CO

O R G A N IZA TIO N .— Incorp. In Illinois on D ec.5 1911 as successor to
the K eokuk Elec. R y. A Pow . Co., K eokuk Gas A Elcc. Co., H am ilton L t.
A Pow . Co. and K eokuk A W estern III. Elcc. Co., control of which was pur­
chased In 1911 by Stone A W ebster of Boston. Stock (all one class), a u th .
and Issued, $650,000 ($100). No bonds. Will do electric railw ay and
power business in K eokuk, la ., H am ilton, 111., and W arsaw , 111.; electric­
lighting business In K eokuk and H am ilton, gas business In K eokuk.
O FFICER 'S.— P res., Charles F . W allace; Sec., Clem ent R . Ford; T reas..
H enry B. Saw yer.— V. 93, p. 1725.

KEWANEE, ILL.

G ALE SB U R G & K E W A N E E ELECTRIC R Y .

O RG A N IZA TIO N .— Incorporated May 1902. Is a reorganization of
the Galesburg A Oneida Elec. R y. Co.
STOCK AND BONDS— Date. Interest. Outstanding. M aturity.
Common, $200,000 ($ 1 0 0 )................. .. ................. $2 0 0 ,0 0 0 _________
Pref., $400,000 ($100) 6% cum ...............................
110,800 ............... ..
First m tge. $400,000, ($500 A \ 1906 5 g J.-J
400,000 Ju ly 2 1920
$1,000) _g------------------- cA rj In t. a t Cont. A Com. T r. A Sav.13k.,Chic., T r.
B onds.—A re red. on any Int. day a t par and Int. No s. f.
E A R N IN G S.— F or 12 m os. ending Ju ne 30 1910, gross, $72,005; n et,
$19,573; ln t. A taxes, $23,586; deficit, $4,013.
RO A D .— Has city line In Kewanee A W ethersfield, and Interurban
betw een Kewanee and G alva. T otal track operated 14 miles. 70-80-lb.
T and girder rails. Gauge 4 ft. 8 H In.
O FF IC E R S.— P res., W . H . Lym an; V .-P ., H . W. Crane: Sec. A T re a s..
F. M. Lay; Gen. M gr., R . H . H ayw ard.

KEYPORT, N. J.

J E R S E Y C E N T R A L T R A C T I O N CO.— Tro lle y.

O R G A N IZA TIO N .—This was form erly known as the K eyport A M atawan Street R R .. a horse line, b u t has been operated as an electric railw ay
since July 1901, and nam e changed as above on O ct. 4 1001. Com pany o w n s
franchises
for the carrying of freight and transports brick, gravel, A c., f o r
local Industries.
Com pany also owns 462 of the 500 shares of stock and all of the bonds of
the Middlesex A M onmouth Electric Light, H eat A Pow er Co., which fur­
nishes light to K eyport, M atawan and South Amboy
STOCK AND BON DS.— Date. Interest. Outstanding. M aturity.
Stock $1.500,000.................................................................. $1,500 000 ______
1st m ortgage $750,000 goldl 1901 5 g M-N
750,000 N ov 1 1931
($500 and $1,000)______. j Interest a t Colonial T ru st Co., P hlla., trustee.
Gen. A ref. m tge. $1,500,0001 1004 ft g J-D
750,000 Dec 1 1954
gold ($1,000)......................c * /ln t. a t Fidelity T rust Co., N ew ark, trustee.
Bonds.—Of the $1,500,000 new bonds, $750,000 are reserved to retire
the first 5s. The new bonds are redeem able a t 105 and ln t. Deo. 1 1914
or any Interest period thereafter. Of the $750,000 1st m tge. bonds, $507,000
were held In Jan . 1912 ready for exchange Into gen. m tge. bonds.
R E P O R T .— F or calendar y ear 1910 (incl. Mid. A Mon. Eleo. L ight),
est., $215,000. In 1909. gross, $180,424; not, $83,278
RO A D .— Owns and operates 36.09 miles of road from South A m boy, Keyport and Bedford to Red Bank; Bedford through A tlantic H ighlands to
H ighland Beach; Freneau through M atawan to K eyport, N. J.; also operates
5 Yi miles additional under contract. S tandard gauge 60-lb. T and 70-lb.
girder rads. Nearly ad over private right of w ay. 32 passenger cars, 2 cleotrlo locomotives, 27 freight cars and 3 other cars. An extension from South
A mboy through M echanlcsvidc and over the R aritan R iver bridge to P erth
A m boy was com pleted In 1910.
O F F IC E R S .—P res., Jas. H . M orris, M orris B ldg., Phlla.; Sec. and T reas.,
W . U. Moyer, Morris B ldg., Phlla.: A sst. Sec. A A sst. T reas., H arry Krclder*
K eyport, N . J .— V. 76. p. 1300; V. 92, p. 401.

KEY WEST, FLA.

KEY WEST ELECTRIC CO.—A trolley road.
O R G A N IZA TIO N .— Incorporated In New Jersey in 1898 and docs entire
clcctric-llght and power business in addition to entire street railw ay business
of the city; also owns franchises for m anufacture of gas. Franchises expire
1997. In June 1904 acquired the Key W est Electric Light A Pow er Co.
V. 78, p. 2334. In Ju ne 1906 was acquired by Stone A W ebster of Boston
and re-capitallzed as below. V. 82, p. 1406.
STOCK AND BONDS— Date. Interest. Outstanding. M aturity.
Common $500,000 ($100)_________ __________ $500,000 ___________
Pref $230,000 ($100) 6% n-c........................................... 230 000 ......................
First m ortgage $1,000,000/ 1906 5 g F-A
450,000 Aug 11956
g o ld .......................................... 1 Interest a t S tate S treet T r. Co. B oston, T r.
Bonds.— Are subj. to call as a wholo or In p art for s. f. a t 105 and Int. a t
any tim e. Sink, fund of 1% of bonds o ut began Deo. 1 1907, If earned; on
Dec. 1 1912 becomes obligatory. Preferred stock Is redeem able a t par.
RO A D .— O perates 5.1 miles of track; 60-lb. steel rails; 10 cars. Gauge
5 ft. 2 H in.
O FF IC E R S.— Pres., George J . Baldwin, Savannah; 1st V .-P ., C harles
F . W allace; 2d V .-P., H arry H . H unt; Sec., A lvah K . Todd; T reas.,
H enry B. Saw yer; M gr., S. B. T ucll, Key W est, F la.; Gen. M grs., Stone A
W ebster, 147 Milk S treet, B oston.—V. 82, p. 1496.

KINGSTON, N. Y.
D efault.— D efault having occurred Dec. 1 1910 on 1st M. bonds, upw ards
K IN GSTON CO N SO L ID A TE D R R .
of 90% of holders assented to plan of m anagem ent. Coupons from assented
Change in Control.— In 1909 control passed Into hands of Fred. T . Ley
bonds duo Deo. la n d June 1 1910 were canceled, and coupons to June 1 1915
stam p ed , payable a t rate of 4% . The coupons from assented bonds duo A Co. of Springfield, M ass., general contractors, and others. V. 88, p . 1437.
Dec. I 1911 were paid under plan. Privilege of assent was still open In
O RG A N IZA TIO N .—This Is a consolidation on Dec. 11 1901 of tho Kings­
Ja n . 1912.
ton City R R . and th e Colonial City T raction.
W E S T CHESTER KENNETT & W ILM ING TO N ELECTRIC R Y .




63

ELECTRIC RAILWAYS

JAN., 1912. J

STOCK AND BONDS— D ate, Interest. Outstanding. M aturity.
Com mon, $200,000 ($100)................................................ *200,000 - - - - - - - - - ­
Preferred, 4 % cum $ 2 0 0 ,0 0 0 ..........................................
200 000 Jan ’l l , 4 %
F irst consolidated m ortgage/ 1901 5 g J-J
532,000 O ct. 9 1951
$700,000 ($1,000) g o ld -.c * \In t. a t M anhattan T ru st Co., N . Y .. T rustee.
Second m ortgage, $250,000/ 1909 5 J -J
none Jan 1 1939
($1,000)....................................lin t, a t M anhattan T r. Co., N . Y ., trustee.
O onBofuSo^Vob1** 1,000) n o t/ 1893
5 M-S
150,000 Mch. 1 1923
subject to call before m at’y iln t. a t Farm ers’ Loan A T rust Co.. N. Y.
Bond and m ortgage..........................
5 q uar.
6,000 On dem and.
Bonds.—$156,000 of th e $700,000 consolidated m ortgage Is reserved to re­
tire the K ingston City R R . underlying liens; $12,000 have been canceled.
Dividends.—4% was paid yearly on pref. stock since consolidation up to
1008, when 2% was paid A ug. 1. None to J a n . 1 1911, w hen 4% was paid.
None sluco then up to Ja n . 1912.
RO A D .— Em braces 8 miles of track . R alls, 70, 80 and 90-lb. 40 cars,
3 snow plows.
R E P O R T .— For year end. Dec. 31 1911, gross. $160,396; n et, $87,824;
l e r u s t , taxes,, eAc.,
c u . , .>
01, 01. ) ; ssurplus,
u r p lu s , «
o o ,z u u .
_
Interest,
$51,615;
$36,209.
Fred ~T . 'Ley, -------------Springfield, Mass.; V .-P ., H enry C.
O F F IC E R S .— Pres., Free*
ige, W orcester, Mass.; Sec
Sec., A ug. J . Phillips, K ingston; T reas., A bm . HasPage,
brouclc,
brouck, New York; S upt.,
up t., G.
G B. to Bow, K ingston.— V. 73, p. 1160; V. 89,
p. 225, 529; V. 90, p. 3 0 3 . ________________
u ia u n

KITTANNING. PA.

K I T T A N N I N G & L E E C H B U R G R A I L W A Y S CO .— A trolley road.
O R G A N IZA TIO N .— Incorporated In Pennsylvania on May 26 1904 an d
Is a consolidation of the K lttannlng A Lecchburg R y., the K ittanning A
Ford City S treet R y. the W est K lttannlng Street R y. and the K lttannlng
A Mosgrovc Street Ry. Street railw ay ranchises h ad, In 1910, from 86 to
92 years to run; electric light franchises, unlim ited. Also owns and controls
th e stock of th e K lttannlng Electric Light Co., which owns th e M anor, L ight.
H eat A Power Co. and the Ford City Power Co.
STOCK AND BONDS— Date. Interest. Outstanding. M aturity.
Stock $500,0 0 0 ($50)............ ............... ..........
*500 929
-----F irst m ortgage $750,000 gold/ 1904 5 g J-J
27,o00
1934
($1 0 0 0 ).......... ...................... c lln t. a t Union T rust Co., P ittsburgh. T rustee
New is t m tge. $350,000 gold) 1910 5 M-S
227,000 Mch 1 1940
($1,000) sinking fu n d .-.c * J Union T rust Co., P ittsb u rg h , trustee.
Loans payable Dec. 31 1 9 0 9 ..------ — -------- 250,000 ---------------B onds.__$27,500 bondsof 1904 arc reserved to retire a like am ountof bonds
of th e K lttannlng A Ford C ity. Subject to call a t 105. Of the new 1st
m tge. of 1910, $28,000 arc reserved to retire $27,500 prior bonds and
$95,000 for extensions and Im provem ents. Redeem able all or any part
after March 1 1915 a t 105 and Int. S inking fu n d 10% of gross earnings,
half for paym ent of bonds and half for extensions and betterm ents or pay­
m ents of bonds. V. 91, p. 94.
E A R N IN G S.— For year ending Dec. 31 1910, gross, $77,563; n et, $38,105.
R O A D .—O perates 12 miles of track between K lttannlng and Ford C ity.
S tandard gauge, 70-lb. rails. An extension of 3 miles to Mosgrove Is
under construction, 1 ^ miles of which Is com pleted.
O F F IC E R S .— Pres, and M gr.. F. A. M oesta. K lttannlng: Sec. and T reas.,
Jas. McCullough J r., K lttannlng.—V. 91, p. 94.

KNOXVILLE, TENN.

K N O X V I L L E R A I L W A Y & L I G H T CO.

Controlled by A m erican Cities Co., which owns all thccom .A pref. stocks.
O RG A N IZA TIO N .— Incorporated In Tennessee on A ug. 5 1905 as a con­
solidation of the Knoxville T raction Co. and the Knoxville Electric Light «Je
Power Co. Docs all the street railw ay and all m unicipal and commercial
clectrlc-IIghtlng and power business In K noxville. Also controls the
Knoxville Park Association, owning two am usem ent parks. Franchises
are perpetual, except as to 1 miles of street railw ay, which latter run until
N ov. 28 1946. Isidore Newman A Son of Now Orleans arc fiscal agents.
STOCK AND BONDS— Date. Interest. Outstanding. M aturity.
Common $1,500,000 ($100)....................................... $1,500,000 In 1911,10%
Pref 6% cum $500,000 ($100)............
Q-M
500,000 Deo ’l l , 1 H
R ef * ext m tge $10,000,000] ------ 5 J-D
619,000 .June 1 1946
($500 and $1,000)............c '/ I n t . a t G uaranty T ru st Co., N . Y ., T rustee.
Consolidated m tge $3,000,000/ 1905 5 gM-S
1,932,000 Sept. 1 1945
gold ($1,000)..................... c*l Int >t S tandard T rust Co., New York. T rustee.
Knoxville T rac 1st M $850, / 1898 5 g A-O
824,000 April 1 1938
000 g tax frco($l ,000)------ 0 \ In t. a t B altim ore T r. A Gu. Co. B alt., Trus.
Stock and B onds.—Of the ref. A ext. m tge., $3,000,000 are reserved for
prior liens and $0,381,000 arc for add 'ns A Im p’ts under certain restrictions.
Bonds arc redeem , a t 105 and Int. on 60 days’ notice or m ay be purchased
In open m arket a a t price to net not less th an 4 H % . A nnual sinking fund,
beginning O ct. 1 1915, equal to H of 1% of total am ount of bonds o ut. Of
the $3,000,000 consols, $824,000 arc reserved to retire K noxville T rac. Co.
bonds; $244,000 arc In treasury. Bonds arc redeem able a t 1 0 7 ^ and
interest 011 60 d ay s’ notice. Sinking fund annually of H of 1% of all bonds
outstanding (Including Knoxville T raction bonds) began S ept. 1 1910, and
after 5 years Is Increased to 1% annually. $14,000 of outstanding bonds
arc held In sinking fund. The Knoxville T raction Co. first m ortgage bonds
arc not subject to call. $26,000 have been canceled. Pref. stock Is rcd .a tllO .
D ividends.—6% per annum Is paid on pref. stock since Issuance. First
dividend on com mon—2% —Ju ne 29 1907, 1% was paid Sept. 1907. and
1% Dec. 1907; In 1908, 4% ; In 1909, 7% ; In 1910, 8% ; In 1911, 10% .
LATEST EA R N IN G S.— For 12 mos. ending S ep t. 30 1911, gross, $721,­
793; net, after taxes, $370,311; fixed charges, $157,979; surplus, $212,362.
R E P O R T .— F or calendar years:
Year—
Gross. Net after Taxes. Interest.
Surplus.
1910............................................ $710,110
$305,054
$140,371 $224,083
1909............................................ 013,520
302,486
138,038
164,448
1908............................................ 572,271
279,487
137,952
141,535
RO A D .— Owns 43.8 m .of track . Including 10.2 miles of double track. 70-lb
and over T and girder rail lias 60 open cars, 44 closed and semi-convcrtlblc cars and 16 freight and service cars; to tal, 126. Owns one park
and leases another.
O F F IC E R S .— Pres. A Gen. M gr., C. II. Ilarvcy; V .-P., W . S. Shields;
Sec. A T reas., Leon Fender; A nd., J . E . T ap p an .— . V. 83, p. 38; V. 85,
p. 345, 405, 793; V. 88, p. 1020.

R E P O R T .— F or calendar year 1910: T otal gross (Incl. b oth R ailw ay A
L ighting), $261,485; n et, $148,100; Int., taxes, A c., $60,810; dlvs. (3%
com ., 6% pref.), $36,000; deprec'n, $20,253; surplus, $31,037.
R O A D .— O perates 36 H miles of track In Kokomo and from Kokomo to
M arlon. Is connecting link betw een th e N orthern T raction Co. and th e
U nion T raction Co. of Ind iana. S tandard gauge. 70-lb. T rail. 10 cars.
On Dee. 31 1910 had 2,090 light and power consum ers.
O F F IC E R S .— Pres., Geo. J . M arott; V .-P ., L . J . K irkpatrick; Sec.,
Treas. and Gen. M gr., T . C. M cReynolds; A sst. Gen. M gr., P . H . P alm er;
A ud., C. C. Trees; S u p t., H . P . M artzolf.— V. 83, p . 1098; V. 92, p . 1375;
V. 93, p. 408.
(1) Kokomo F rankfort & W estern T raction Co.
E ntire stock Is owned by Kokomo M arlon A W estern T raction Co.
O RG A N IZA TIO N .— Organized In Indiana In Ju ne 1911 to build an
Interurban railw ay betw een Kokomo and F rankfort, In d . P rop erty h as
been leased to th e Kokom o M arlon A W estern T rac. for 42 years. P riv ate
right of w ay except for street crossings, a term inal having been purchased
In F rankfort In lieu of using streets for righ t of w ay. In 1911 K okom o
franchise had 42 years to run; th a t In F ran k fo rt 50 years.
STOCK AND BON DS— Date. Interest. Outstanding. M aturity.
Stock $100,000 ($100).............................................
$100,000 .................
F irst m ortgage $750,000 gold] 1911 5 g J -J
600,000 Ju ly 1 1941
($1,000) guar p A 1____c * JIn t. a t F t. D earb. T r. A S av. B k.,C hic..T rus.
B onds.— R em aining bonds are reserved for futu re additions, extensions
and Im pts. a t 80% of cost under certain restrictions. R ed. on any Int.
day a t 105 and Int. on 60 days’ notice. Bonds are g uar., p. A 1., by Koko­
mo M arlon A W est. T rac. V. 93, p. 407.
n
RO A D .— Is constructing 24.72 miles of track , 1 cl. sidings, between
Kokomo and F ran k fo rt. M ajority of track laid and ballasted. S tandard
gauge. 70-lb. T rail.
O FFIC E R S.— P res., Geo. J . M arott; V .-P ., L . J . K irkpatrick; Sec.T reas. A Gen. M gr., T C. M cReynolds.— V . 93. p 407.
LACONIA, N. H.
LACONIA STREET R A I L W A Y .

I d Nov. 1906 control changed hands, and th e new Interests also acquired
control of the Laconia Electric L ighting Co.
O R G A N IZA TIO N .— Form erly th e Laconia A L akeport S treet R y ., b u t
nam e changed to above In 1894
STOCK, Ac.—
D ate. Interest. Outstanding. M a tu rity,
Common, $100,000 (par $ 5 0 ).______ __________ $100,000 _____ _____
Pref.. 6% cum ., $40,000 ($ 1 0 0 )....................................
40 000 ......................
First m tge, $91,000 ($1,000).! 1899 5 M-N
91,000 May 11919
1 Interest a t A m erican T ru st Co. Boston.
Second m ortgage, $40,000/ 1904 5 M-N
40,000 May 1 1919
($1.000)....................................iIn terest a t People’s N ational B ank. L aconia.
D ividends.— In 1893-94. paid 5% ; In 1894-95. paid 4% : none since.
RO A D .— Owns 8.87 miles of track from Laconia to W eirs. S tandard
gauge.
EA R N IN G S.— For years ending June 30:
1911. 1910. I
1911. 1910.
Gross _____________$36,200 $34,293 In t. and tax es............$9,631 $10,640
N e t .............................. 9,915 9,5031Bal. for y ea r.............su r.284 df. 1,137
O FFIC E R S.— P res., H . L . Pierce, Leom inster, M ass.; Sec., Geo. P .
Munsey; T reas. A Gen. M gr., W m . H . Tylee. Office, B oston, Mass.

LA CROSSE, WIS.

L A C R O S SE C I T Y R A I L W A Y .

O RG A N IZA TIO N .—Chartered N ov. 17 1885. Franchise runs till 1938.
In 1900 W isconsin R R . Commission sanctioned the Issue o( 550,000 addi­
tional bonds.
STOCK AND BON DS— Date. Interest. Outstanding. Last Dlv ,&c
Stock. 5300,000 (par 5100)................. See below. $500,000 In 1911, 6%
F irst m tge. $400,000, gold) 1009 5 g J -J
220,000
1929
($1 ,00 0 )________________ c /In t. a t W isconsin T r. Co., M !lw„ T rustee.
D ividends.— For 1892. 7% ; 1893, none; 1 89 4 ,7 % : 1898.7% ; 1 899.7% :
1 900,5% ; 1901,6% : 1 002,7% : 1 00 3 ,7 % : 1 90 4 ,7 % ; 1005. 8% ; 1906.
8% ; 1907, 7 0 % ; 111 1908 and 1909, none; 1 91 0 ,6 % ; 1911,6";,.
EA R N IN G S.— For cal. year 1911, gross, $140,544; n et, $40,174.
RO A D .— Owns 16.08 miles In city of Lacrosse.
O FF IC E R S.— P res., B. E . Edw ards; Sec., P . J . Rlegger; T reas., R . C.
W hclplcy; S up t., P eter V aller.— V. 84, p. 1182.

LAKE CHARLES, LA.

L A K E C H A R L E S R A I L W A Y . L I G H T & W A T E R W O R K S CO.

O RG A N IZA TIO N .— Incorporated In Louisiana In 1909. In Ju ne 1909
the com pany acquired the Lake Charles S treet R y. Co., operating an electric
railw ay In Lake Charles and Lake Charles Ice. Light A W a te rw o rk s Co.,
which operates an Ice p lan t, clcctrlc-lIght and pow er d ep artm en t and
w ater system .
Franchises expire: street railw ay, 1941; w ater w orks, 1916; electric light
and pow er, 1926.
STOCK AND BONDS— Date. Interest. Outstanding. M aturity.
Stock. $200,000.................................................................... $200,000 .......................
F irst m ortgage, $500,000 g/ 1909 6 g F-A
300,000
See te x t
($500 and $1,000)............ c*\In te r-S ta te T ru st A Bkg. Co., New O rl., T r.
Bonds.— Rem aining bonds are for Im provem ents and extensions on basis
of $1 In bonds for each $1 33 of Im provem ents, Ac. Bonds m ature $15,000
scm l-an. from Aug. 1 1912 to Feb. 1 1922, both Inclusive; b u t redeem able
on and after Aug. 1 1914 on any Int. day on 30 days’ notice. In t. Is payable
a t office of trustee or a t Chic. Sav. Bank A T ru st Co., Chicago.
EA R N IN G S.— Of constituent com panies for 1908, gross, $183,226,
oper. expenses, Int. A taxes, $128,305; n et, $54,921.
ROAD consists of 7.64 miles of track . 60-lb. rails.
O FF IC E R S.— Pres., J . A. Landry; Sec., P . O. Moss.— V. 88, p. 919.

LANCASTER, PA.

SUSQUEHANNA R A I L W A Y . L I G H T & P O W E R C O . — Incorporated In
C onnecticut Feb. 27 1997 to own. control and operate electric railw ay and
gas properties. V. 84, p. 271.392. H as acquired all the common stock of th e
U nited Gas A Electric Co. Owns entire com. stock of Lancaster County
KOKOMO, IND.
R y. A Light Co. V. 84, p. 693. Sec financial statem en t of Susq. R y. A
K O K O M O M A R I O N & W E S T E R N T R A C T I O N C O . — A trolley roa d.
ight A Power Co. In V. 93, p. 1782. In Ja n . 1909 purchased property and
O R G A N IZA TIO N .— Incorporated In Indiana In Feb. 1003 under irenera) Lfranchises
of Phlla. Coatesvllle A Lancaster S t. R y. and reorganized lt as
railroad laws ns successor to the Kokomo Converse & Marlon 'Traction Co. the C hristiana
A Coatesvllle S t. R y. V. 87, p. 1534; V. 88, p. 158.
In April 100:1 acquired by purchase the entire capital stock ol the Kokomo
STOCK—
Date. Interest. Outstanding. iMst D lv.
Railway & Light Co. which was merited In Jan . 1900. Owns lighting pla nt Stock, com, $10,000,000 ($1 0 0 )........
............... $4,198,000 J a n .'12,1%
In Kokomo: also orlvate right ol way Franchl.es run 30 years.
pref 5% cum to 7 % ,l
On S ept. 21 1910 the Kokomo Publlo U tility Co. was Incorporated In Stock,
$10,000,000
($100)................
J
_____
5 M-S
4 .4 3 4 ,2 0 0 S e p t.lM l,2 H %
Indiana ror the purpose of constructing a steam -heating plan t In K okomo.
Stock.—A fter 5% has been paid on the com m on, the preferred will share
I t is owned and controlled by the Kokomo M arlon & w estern T rac. Co.
and all Its bonds and obligations arc guar, by sam e com pany. lia s a 25-yr. equally w ith the common In non-cum ulatlvo dividends up to 7 %, all other
franchise from l o l l .
dividends accruing to the common shares. V. 84, p. 571, 693.
Owns entire capital stock o( the Kokomo F rankfort & W estern T rac.,
D ividends.—F irst dividend on preferred of 2
paid Sept. 1907. In
whose bonds It guar., p. & I. Also leases th a t com pany for -12 years. 1908, 5% ; In 1909, 5% ; In 1910. 5% ; In 1911, M arch. 2 ^ % ; S ep t., 2 ^ % .
V. 03, p. -10S.
On com m on, first dividend— 1% — paid Ju ly 1911. In 1912, Ja n ., 1% .
LA TEST EA R N IN G S.— F or 12 mos. ending Sept. 30 1911, surplus from
STOCK ANII RONDS— Date. Interest. Outstanding. M aturity.
Oommon, 51,000,000 ({100) -------F-A
51,000,000Feb.10’12.1 H sub. cos., $601,033; pref. d lv., $217,960; com . d lv., $41,980; surplus,
0 A-O
100,000 See tex t $341,093. Of Susq. R y .. L t. A Pow er System for year ending S ept. 30
Preferred, fi'.’o 5100.000 (5 1 0 0 )-----F irst m ortgage 51 000,000/ 1003 5 g J-J
750,000 July 1 1033 1911, gross, $5,102,705; net, after taxes. $2,200,042; fixed charges,
gold (5500 A 51,000)----- c*l Interest a t Security T ru st Co , In d ., T rustee. $1,222,054; surplus, $977,988. In 1909-10, gross, $3,360,649: n et, after
Kokomo Ry & Light 1st m tgcl 1003 5 g J J
250,000 Jan . 1 1033 taxes, $1,366,302; fixed charges, $835,247; surplus, $531,055.
5 3 3 0 ,0 0 0
gold < 51.000). _cl In t. a t Security T rust C o . In d ., T rustco. O FF IC E R S.— Pres., Geo. Bullock; V .-Ps., R . E . Griscom and S. J . Dill,
K okom o Pub UtU 1st M5J00.-1 1911 5 g M-N
150,000 M ay 1 1938
and T reas., H enry M organ: A sst. Sec. A T reas., W . M. Canby; A sst.
000 g ( 5 1 . 0 0 0 ) gu p & 1
i a t Union T rust Co., Indianapolis, T rus. Sec.
reas.. S. A. Fahnestock. — V. 85, p. 655; V. 87, p. 1416; V. 89, p. 845: V. 00.
B onds.-—$250,000 of K . M. A Vv. 1st M . bonds arc reserved to retire a like Tp.1103;
V. 91, p . 4 6 5 ,5 9 0 , 653 , 1712; V. 92, p . 1637; V. 93, p . 172 7 . 178 2.
am ount of bonds of the Kokomo R y. A L t. Co.; the rcm alnlngU 100,000 un­
(1) Lanca ste r C o u n t y R a il w a y & Li ght .
der this latter m tge. has been canceled. Bonds are subj. to call at 105 A Int.
See V. 70, p. 1143; V. 77. p. 451. The Kokomo R y. A Light bonds can be
O R G A N IZA TIO N .— Incorporated on Ju ne 15 1901 In ’New Jersey. Owns
called a t 105 and aro guar., prln. A Int., by Kokomo M arlon A W est and controls the following railw ay, gas and electric properties, whose stocks
Kokom o P ub. U til, bonds arc subj. to call on any Int. d ate a t 105 and Int. aro placed under the m ortgage of 1901:
R em aining bonds can be Issued for 80% of cost of extensions, Ac. They Conestoga T raction Co.,
I Edison Electric Co.
arc g uar., p. A I., by Kokomo Marlon A W estern T rac. V. 92, p. 1377.
L ane. Gas Light A Fuel Co..
D ividends.— On pref. stock, 6% per annum Is being paid. On com mon
Also controls the Conestoga R ealty Co.
first d lv.— 1% — paid A ug. 10 1909. In 1910, 3 % . In 1911, F eb ., 1 W % ; Franchises arc perpetual. Does all the gas and electric lighting In cities
A ug., 1 H % . In 1912, F eb., 1 M % ,
of L ancaster and Columbia, and practically all In L ancaster C ounty.




64

ELECTRIC RAILWAYS

STOCK AND BONDS— Date. Interest. Outstanding. M atuiity.
Stock com $1,350,000 (550).............Q-M 5 1 . 2 1 0 .0 0 0 D ec’l l . 2
P rcf 51.000.000(530) 5% c u m . -----Q-M
1,000.000 D cc-11,........
M ortgage. 51.000.000 gold/ 1901 5 g J-J
1,000.000 Ju ly 11951
(5500 and 51.000)--------- c*l Interest a t Lancaster T rust Co., T rustee.
Securities of Lines Controlled—
C onestoga T rac 1st M 52,000,-1 1900
4 J-J
1.277,500 Jan 1 1950
000 (5100, $ 500A $l,000)c*/Int. a t P rov. Life A T r. Co.. P liila., T rustee.
L ancaster C ity R R 1st Ml 1890 5 g A-O
160,000 A pr. 1 1920
(5100 and $500)-------------c*j In t. a t M etropolitan T r. Co., N. Y ., T rustee.
W E S t R y 1st M 5225,0001 1891 5 M-N
225,000 M ay 1 1921
(5100 and $500)............ c * /In t. a t M etropolitan T r. Co., N . Y ., T rustee.
L ancaster T rac first m tgel 1893 5 A -0
225,000 A pr. 1 1923
($100,5500 A $1,000) - c 'j l n t . a t L ancaster T ru st Co., L ane., T rustee.
C onestoga T rac car tru sts......................................
90,000
L ane G L A F 1st M $300,000 ___ 5 J-J
300,000 Jan 1 1925
($ 1 ,0 0 0 ).................................c In t. a t L ancaster T ru st Co., L ane., T rustee.
Second m ortgage $400,000 1906 5 J-J
100,000 Jan 1 1936
(51.000)
............................................. / I n t. a t L ancaster T ru st Co., L ane., T rustee.
T hird m tge $100,000 gold\ 1911 5%
100,000 Jan 1 1936
($ 1 ,0 0 0 )..........................c ’ j l n t . a t L ancaster T ru st Co., L ane., trustee.
Columbia
Gas
Co
1st
m
tgel
1911
5-J-J
Jan 1 1941
S200.onn
rxi nnm
n* In
t t. a t■ —
~ L*75,000
$200,000 ($1.000)____c
Farm ers’ T r. Co.,
ancaster, T rustee.
Edison Electric Illum inating' ___
5J-J
4 6 ./00 Ju ly 1 1922
Co first m ortgage................. In t. a t E quitable T ru st Co., T rustee.
New 1st M ($100, $500 and' 1895 5 J-J
253,300 Ju ly 1 ’25
$1,000) 547,000 reserved Interest a t L ancaster T ru st Co., L ancaster,
for prior lie n - ........... cA r T rustee.
1st A ref M $750,000 gold 1910 5 M-N
190,000 Nov 1 1940
(51 ,00 0 )...........................c* Redeem , a t 105 and Int. on N ov. 1 1920 or
any Interest d ate theraefter.
Col El L. H A P 1st M gold 1905
5M-N
125,000 M ay 1 1935
$125,000 ($ 1 .0 0 0 )...c&r In t. a t People’s T ru st Co., L ancaster, T rust.
80,000 Oct 1 1941
M anhelm A S uburban 1st 1911 5 A-O
m tge $100,000_________ In t. a t L ancaster T ru st Co., L ane., T rustee.
____
______
__ ___
222,000 M ay 1 1958
C onestoga
R ealty Co
1st Ml 1908 5
$500,000 sinking fund g_c*Int. a t L ancaster T ru st Co., L ane., T rustee.
B onds.— Of Conestoga T rac. 1st M. bonds $610,000 reserved to retire
prior liens, $112,500 reserved to be used for the reduction of rentals. Of
L ane. Gas L t. A Fuel 2d M. $300,000 are reserved to retire 1st M. bonds.
L ane. Gas L t. & Fuel 3d M. bonds arc redeem able a t 105 and Int. on any Int.
d ate on 3 mos’ notice. Colum bia Gas Co. bonds are red. on any Int. date at
105 and Int. on 90 d ay s’ notice. $125,000 reserved for futu re Imp’ts at
85% of cost thereof. Of Edison Elec. Ilium . Co. 1st & ref. bonds, $300,000
reserved to retire underlying bonds; $260,000 held In treasury for lm p’ts,
e x te n ., Ac., a t 85% of cost thereof. Columbia Elec. L t., H . A P . bonds are
red. a t 110 and Int. on any Int. dato. The bonds are guar, by the Lane.
C ounty R y. A L t. Co. Conestoga R ealty Co. bonds are red. a t par and Int.
on any Int. date on or after Jan . I 1915, upon 3 m os.’ notice. Sinking fund
of $833 33 a m onth while Indenture Is In force.
D ividends.—The first dividend on the preferred stock (3%) was paid on
July 1 1904 and 3% was again paid on O ct. 1 1904. In 1905, Jan . 3%
(seo V. 79. p. 2796); Ju ly . 3% ; D ec., 4 H % . In 1906, 6 H % . In 1907,7% .,
In 1908, 5% ; In l9 0 9 ,6 > i% ; In 1910, 5% ; In 1911, 5% . On com mon: In
1908, 10% ; In 1900, 10% ; In 1910, 10% ; In 1911, 10% .
LA TEST E A R N IN G S.— For 12 nios. ending S ept. 30 1911, surplus from
sub. cos., $285,421; other Income, $11,409; fixed charges. $50,000; prcf.
d lv., $50,000; surplus, $196,830.
R E P O R T .— R eceipts of the Lancaster County Railway A Light for 12 mos
ending Dec. 31 1910; surplus from sub. cos., $275,789; bond Int., $50,000
prcf. d lv., $50,000; am ortization, $33,546; surplus, $142,213; In 1909,
surplus from sub. cos. ,5204,727; bond Int., $50,000; pref. d lv., $50,000
am ortization, $16,691; surplus, $8 8 , 1 2 6 .
R O A D .—The Conestoga T raction Co. (the operating com pany) leases
162.69 miles of track . Including the Lancaster City S treet R y ., 16.29 miles;
Lancaster & Columbia, 8.43 miles: L ancaster & L ltltz. 9.92 miles Colum­
bia & Ironvllle, 4.38 miles; Columbia A Donegal, 5.06 miles; L ancaster A
M ecbanicsburg & New H olland, 20.76 miles; the New H olland Blue Ball &
Terre Hill Street R y., 4.99 m; the R ohrcrstow n Landlsvllle & Mt. Joy R y.,
13.15m .; the Lancaster & E astern R y., 17.84 m .; the Lancaster & Q uarry
vllle Street R y., 8.39 miles; the E lizabethtow n & Florin S treet R y., 6.40 m.;
th e Christiana A Coatesvlllc S t. R y., 10.69 miles; L ancaster & Millersvllle
R v., 4.30 miles; L ancaster Willow S treet L am peter & S trasb u rg R y ., 11.12
miles; th e Lancaster Petersburg & M anhelm R y., 8.30 miles; the E ph rata A
A dam stow n, 8.11 m .. and the L ancaster & R ocky Springs, 4.56 miles. The
la tte r four com pleted and leased for 999 years a t a rental of 6% on stock.
S ub. gas and electric cos. had 7,733 gas and 2,267 electric m eters In use on
Dec. 1 1910.
O FF IC E R S.— P res., W . W . Grlest; V .-P., George Bullock; Sec. and
T reas., II. Morgan; A sst. Sec. & T reas., J . S. G rayblll.— V. 79, p. 501, 1330,
2796; V. 84, p. 271, 390, 570, 693; V. 91, p. 463, 1447; V. 93, p. 1783.
(a) L ancaster M echanicsburg & New H olland R y.—A trolley road.
O RG A N IZA TIO N .— Incorporated May 16 1899. R uns from L ancaster
to New H olland, w ith an extension to E phrata, 20.76 miles. Is leased
to Conestoga T raction Co. for a rental or 8 % on stock. C apital stock,
$300,000. Stock Is not owned by lessee. No bonds.
(b)
R ohrerstow n Landlsvllle & Alt. Joy R y,— Trolley.
O RG A N IZA TIO N .— Owns an electric road of 13.15 miles from Lancaster
through Landlsvllle, Salunga, Mt. Joy and Florin. Is leased for 999 years
to the Couestoga T raction a t rental of 6 % on Its $400,000 stock. No funded
d eb t. V. 73 p. 236.
(c) E phrata & A dam stow n R y.—A trolley road.
O RG A N IZA TIO N .—This com pany was Incorporated w ith $225,000
capital stock on Sept. 17 1901. Owns road from K phrata to A dam stow n,
8.11 m ., which was leased in 1903 to the Conestoga T raction Co. for a rental
of 6% on the stock. No funded debt.
(d) L ancaster & Rocky Springs Ry.
O RG A N IZA TIO N .—O perates 4.56 miles of track . Stock, $200,000. No
bonds. leased to Conestoga T raction Co. for 999 years at 6 % on stock.
(e) New Holland Blue Ball & Terre Hill Street Ry.

O RG A N IZA TIO N .— O perates a line from Blue Ball to Terre Hill. Is
leased to the Conestoga T raction Co. for 999 years a t 5% on Its $120,000
capital stock.
(f) Lancaster & Eastern R y.

O R G A N IZA TIO N .—O perates 17.84 m . of track from L ancaster to Chris­
tian a. C apital, $430,000. W as leased on June 1 1906 to Conestoga Trac
tlon Co. a t 6 % on stock.
(C) Lancaster & Quarryville Street R y.

O RG A N IZA TIO N .— Consists of 8.39 miles of track . Is leased to Cones­
toga T raction a t rental of 6% on Its $225,000 stock.
(h) Elizabethtown & Florin Street R y.

O RG A N IZA TIO N .— Consists of 6.40 m . of track. O ct. 1 1908 w as leased
to Conestoga T raction a t rental of 6% on 5220,000 stock.

[V O L . LXXXXIV

(2) U nited G as & Electric Co.
O R G A N IZA TIO N .— Incorporated In New Jersey. All the com m on
stock has been acquired by the Susquehanna R y. L t. & Pow . Co. Owns and
controls the following gas, railw ay and electric properties.
A ltoona (Pa.) Gas Light A Fuel Co Leavenw orth (K an.) L t., II. & P . Co.
Clt. Gas A Fuel Co., Terre H aute, Ind. Lockport (N. Y.) L t. l i t . A Pow . Co.
Colo. Spgs. (Col) L t. H t. A Pow . Co. R ichm ond (Ind.) L t. l i t . & Pow . Co.
Elm ira (N. Y.) W ater L t. & R R . Union Gas A E lectric Co., Bloom ­
H artford (Conn.) City Gas L t. Co.
ington, III.
W ilkes-Barre Co.
STOCK AND BONDS— Date. Interest. Outstanding. M aturity.
Stock com m on___________ ___ _____ ............... $3,569,700 See text
Stock preferred $1,500,000— ------ ....................
1.172,100 Jan ’12, 2 H
F irst m tge $3,000,000 ($500)1 1902 5 _g J-J
______________
1.344.000
Jan _1 1922
an d $1,000) gold-------------c /In te re st a t New York T ru st Co., T rustee.
Securities of Controlled Cos.—
750,000 Aug 1 1932
A ltoona Gas L t A Fuel 1st Ml ____ 5 F-A
$750,000 ($500 A$1,000) .c*j In t. a t New York T rust Co., N . Y .,T rustee
Cit G & Fuel 1st M $ 5 0 0 ,0 0 0 -.____ 5%
287,000 Oct 1 1922
Citizens G A F 1st ref M $ 2 ,-1 ------ 5 J-J
487,500 Jan 1 1960
000,000($100,$500A$1.000)J In t. a t New York T rust Co., N. Y .. Trustee
Col Spgs El Co 1st M ($1,000)1 ____ 5%
1,000,000 A pr 20 1920
r e u a t l l O A l n t ................c*)N ew York T ru st Co.. New York, T rustee.
Col Spgs L t & Pow 1st m tgel ____ 5 A-O
300,000 A pr 1 1919
($500 and $1,000)_______ c /ln t. a t New York T rust Co., N . Y., Trustee
Colo Springs L, II A Pow ls t\ 1910 5 g F-A
1,200,000 Aug 1 1920
& ref m tge $3,500,000 gold [in terest a t New York T ru st Co., T rustee.
($100, $500 and $1,000)-c*J M. N . B uckner Is also T rustee.
Elm ira W ater-W orks 1st Ml ____ 6 A-O
339,000 1913
$339,000 ($1,000 A $500)-J In t. a t Farm ers’ L. A T r. C o.,N .Y ., T rustee.
W est Side R R gold first m tgel 1894 5 g A-O
355,000 O ct. 1 1914
($1 ,00 0 ).................................c /ln t.a t Chem ung Canal T r. Co., Elm ira, T rus.
Chem ung Co Gas Co 1st M ..............
6%
307,000 Ju ly 1 1923
Elm ira W, L A R R 1st M) 1900 5 g J-J
1,661,000 J a n . 1 1949
$2,000,000 gold ($1,000 A }Int. a t U . S. M tg. A T r. Co.. N . Y ., T rustee.
$500)..................................... c* j Subject to call a t 105 and Interest.
Elm ira W at. L t & R R 1st coni 1906 5 g M-S
2,166,000 S ept 1 1956
*.....“
T ru st Co., T rustee.
M $5,000,000($1,000)
g .cV* Interest a t New York 350,000
Ju ly 1 1935
H artford City Gas Light IstM l ____ 4%
T r. & S. D .,C o.,IIartf.,T r
$1,000,000 ($1,000)------c*/ In t. a t Connecticut
5%
675,000 Sept 1 1923
Leav L. II A P 1st M $1,000,-1
000($100, $500 & $l,000)c*f In t. a t New York T rust Co., N . Y ., T rustee
300,000 Feb 1 1920
Lock G & El L 1st M $300,000\ ____ 5%
($ 1 ,0 0 0 ).................................c/ In t. a t T ru st Co. of A m erica, N. Y ., Trustee.
409,000 Jail. 1 1938
Lock L, II A P 1st ref $750,-1 ____ 5%
000 ($500 and $1,000). .0*1 In t. a t New York T rust Co., N . Y ., T rustee
Rich
_____
L.______________
II A P 1st ref_$300,-1
. , 1904 5%
200,000 Jail. 1 1914
000 ($500 & $ l,0 0 0 )--c & r/ln t. a t New York T rust Co., N. Y .,T rustee.
Demas Demlng Is also T rustee.
f -----6%
500,000 Mch 15 1914

In t. a t P enn. Co. for Insu r., A c., Phlla.,Trus.
1905 5%
550,000 S ept 1 1935
In t a t First T r. & S. B k., Chicago, T rustee.
1910 5 g J-J
1,537,300 Ju ly 1 1960
Interest a t G irard T ru st Co., Phlla., T rustee.
1905 5 g J-J
3,000,000 Jan . 1 1955
In t. a t Fidelity T ru st Co., P hlla., T rustee.
B onds.— Of the Citizens’ Gas A Fuel 1st A ref. bonds, $287,000 reserved to
retire underlying bonds and $1,200,000 are for acquisitions, exten., Im p’ts,
Ac., and can only be Issued a t 85% of cost of sam e. Demas Demlng Is also
trustee. $1,300,000 of Colo. Spgr. L., H . & P . Co. 1st A ref. bonds reserved
to retire underlying bonds and $1,000,000 are for additions, exten ., Ac., at
85% of cost thereof. R ed. a t 105 and Int. on any Int. day on or before
Feb. 1 1917 and a t 102 and Int. on any Int. day thereafter. V. 91, p .4 6 6 ,
1097. Of Elm ira W ater, L t. A R R . 1st 5s $339,000 arc reserved to retire
bonds of the Elm ira W ater-W orks Co. $355,000 outstanding bonds of the
W est Side R R . and the Elm ira H eights W ater Co. are guaranteed. Of
Elm ira W ., L t. A R R . 1st cons. M. of 1906, $2,355,000 arc reserved for
prior liens and $479,000 for exten., Im p’ts, Ac. V. 83, p.3 93;V. 86, p.
720. Leavenw orth L t., II. A P . 1st M. bonds are red. a t 105 and Int. on
any Int. date. $325,000 bonds reserved for acquisitions and Im p’ts a t 85%
of cost thereof. Lockport L t., H . A P . 1st ref. bonds are red. on any Int.
d ate a t par and Int. $300,000 reserved to retire a like am ount of 1st M.
bonds and $41,000 are In treasury for exten. and Imp’ts. Union Gas A E l.
bonds arc callable a t 105 and in t. on any Int. date. On and after O ct. 1912
annual s. f. of 5% of gross earns. $200,000 reserved for exten. and Im p’ts
a t not to exceed 75% of cost thereof. Of the W ilkes-Barre Co. 1st A ref. At.,
$3,000,000 are reserved to retire W ilkes-Barre Gas A Elec, bonds, $2,444,­
000 for exten., Imp’ts, Ac., and $518,700 are In treasury. T he bonds out
are g uar., p. A 1., by endorsem ent by Susq. R y. L t. A Pow . Co. SubJ. to
call on any Int. day on or before Ju ly 1 1912 a t par and In t.th e rea fter a t 105
and Int. V. 91, p. 658. W ilkes-Barre Gas A Elec, bonds arc subJ. to call
a t 110 and Int. on 3 m os.’ notice.
,
Dividends.—On pref. 5% has been regularly paid since Incorp. On com .,
In 1905, 1906 and 1907. 4% ;in 1908 and 1909,2% ; In 1910, 4; In 1911, 5%
EA R N IN G S.— Receipts of United Gas A Elec. Co. for 12 m os. end. S ept.
30 1911, surplus from sub. cos., $485,150; other Inc..$42,105; fixed charges,
$84,656; pref. d iv., $58,605; sinking fund. $72,223; surplus,$311,771.
P R O P E R T Y .— Combined properties had an o u tp u t during year 1910 of
2,624,793,100 eu. ft. of gas and 61,250.544 k. w. electricity. On Dec. 31
1910, 69,279 gas and 14,414 electric m eters were In use. On sam ed atep ro p ­
erties
had 654.84 &miles
of gas m ains. ESTREET
lm ira W RY.—A
ater, L t. trolley
A R R . road.
comprises
LANCASTER
YORK
32 In
miles
95
cars.mFURNACE
1911of track;
a syndicate
anaged by Geo. B. A tlee A Co., P hlla., were
effecting
aEreorganization
and consolidation
of theRichard
Lancaster
A York
F S.
urn­
O
FFIC
R
S.—
P
res.,
George
Bullock;
V
.-Ps.,
S.
Storrs
J.
ace
S t. R y.,and
the Lancaster
A Southern
S t. V.R y.93,(6 p.
H m1783.
iles), and the and
Coleman
Dill;
reas.,which
H enry
organ.—
W
aterSec.
A Power TCo.,
soldMpower
to the two roads.
V. 92, p. 187.
O R G A N IZA TIO N .— Incorporated Ju ly 22 1901 In P ennsylvania. In
Feb. 1908 reduced stock from $280,000 to $170,000 and m ade $150,000
m tge., which see below. V. 86, p. 480.
STOCK AND BONDS— Date. Interest. Outstanding. M aturity.
•Stock $170,400 ($ 5 0 )......................................................... $170,400 ......................
1st m tg gold $150,000 ($100,1 1908 5 g J-J
150,000 Jan 1 1928
$500. $ 1,0 00 )--.............c A r/ln t. at N orthern T rust Co., L ane., trustee.
Bonds.—Are not subject to call and have no sinking fund.
R O A D .— O perates 12 lA miles of track betw een Millersvllle and York
Furnace. 60-lb. T rail. Gauge 5 ft. 2 X In.
O FF IC E R S.— Pres., Meyer Scham berg; V .-P ., W ilson Woclffcr; Sec. A
T reas., W . S. J . W etherlll; Gen. M gr., L . B. M yers.— V. 86, p. 480; V. 92,
p . 187.

LEETONIA, OHIO.
O RG AN IZA TIO N.— Organized In Pennsylvania M arch 15 1909. Is a
reorganization of the Phlla. Coatesville & Lane. S t. R y. $400,000 ($50)
YOUNGSTOWN
A
OHIO
RIV ER R R .— A trolley and steam road.
stock, $350,000 outstanding; no bonds. Is leased to Conestoga Traction Freight service operated by steam
; passenger service by electricity.
Co. a t a rental of 6% on capital. Consists of 10.69 m iles betw een Christiana
O
RG
A
N
IZA
TIO
N
.—
Incorporated
In Ohio on Dec. 8 1905. In 1906
and Coatesville.
leased for 99 years Salem R R . from P ittsburgh Lisbon A W estern R R . Co.
(j) Lancaster Petersburg & Manheim Ry.
for
$6,000
per
annum
;
the
form
er
runs
betw een Salem and W ashlngtonvllle,
O R G A N IZA TIO N .— Incorporated Nov. 5 1900. On May 1 1902 was
,
, ,
leased to Conestoga T rac. Co. for 999 years a t an annual rental of 6% on 7 miles.
In 1910 road was re-capltalizcd and new securities Issued as below.
$175,000 stock. O perates 8.30 miles of track.
STOCK AND BONDS— Date. Interest. Outstanding. M aturity.
Stock, com m on, $1.000,000....................................- $1,000,000 ___________
(k) Lancaster Willow St. Lampeter & Strasburg Ry.
$1,000,000, 5 % .................
Q-J
1,000,000 J a n .’12,l%
O RG A N IZA TIO N .— Incorporated N ov. 15 1900. On June 1 1902 was Preferred.
m ortgage. $2,500,000, f 1910 5 A-O
1,000,000 A pr 1 1935
leased to Conestoga T rac. Co. for 999 years a t a ren tal of 6% on $225,000 First
gold ($1.000)................... c* In t. a t Citizens’ Sav. A T r. Co., Cleve.,
stock. O perates 11.12 miles of track .
[ T rustee, or F irst N ational B ank, N . Y.
(l) Lancaster & Columbia Ry.
Stock and Bonds.— Pref. stock dlv. Is cum ulative after July 1 1913.
O RG A N IZA TIO N .—Consists of 8.43 miles of track betw een Lancaster Bonds subject to call on any Int. date after April 1 1915 a t 105 and Int.
and C olum bia. Is leased to Conestoga T rac. Co. for 20% on Its $37,500 stk. R em aining bonds are reserved for acq. and exten. under certain restrictions.
(1) Christiana & Coatesville St. Ry.




<1AN.. 1!) 12. |

ELECTRIC RAILWAYS

65

ties Corp. S inking fu n d
per ann . of bonds o ut, 1921 to 1930; 1% 1931
to 1950. V. 92, p. 1564. $48,000 Lexington R y. bonds are reserved to
retire Pass. A Belt bonds. S in k , fu n d will retire 1% of bonds ann. a t 110 A
Int.; $47,000 were held In sk. fd. Jan . 1 1912. Pass. A Belt R y. bonds m a­
ture $15,000 annually to A pril 1 1916.
ROAD.— O perates approxim ately 93 miles of track , com prising all street
railw ays In and about L exington, 15 miles, and 8 miles of city line In F rank­
fort and W inchester; also interurban lines radiating from Lexington to
Georgetown, 12 miles, to Paris, 18 miles, to F rankfort, 28 miles, and to
NIchohisville, 12 miles. 50 to 80-lb. rails. S tandard gauge. Owns 30
closed and 17 open cars. 15 Interurban passenger and 3 express cars and
4 mlsc. cars.
O FFIC E R S.— Pres.. Percy M. C handler. Phlla.; V .-P ., F. W . Bacon,
Lexington; Sec., T . D. M urray, Lexington; A sst. Sec., Jam es K . Trim ble,
Phlla.; T reas., J . Will StoU, L exington; A sst. T reas., Jam es W . McMeekln,
Lexington; Gen. M gr., I. L . O ppcnhclm er, L exington.— V. 92, p. 1178,
1436, 1564.
(2) Lexington Utilities Co.
LEWISTON,
ME.
O RG A N IZA TIO N , AC.— Incorp. on Ju n e 5 1909. Stock a u th . and out,
LEWISTON AUGUSTA & W ATERVILLE STREET RY.— A trolley road $100,000. All stock Is owned by K entucky Securities Corp. Does Ice and
O RG AN IZA TIO N.— Organized In Maine In 1907 as a consolidation of electric-light business In L exington.
the Lewiston Brunswick A B ath Street R y. (which owned the Brunswick
A Topsham Ity., Lewiston A A uburn R R . and B ath S treet Ry.) and the
LIMA, OHIO.
Augusta W lntnrop A G ardiner Ry. (a consolidation In May 1902 of the
W ESTERN OHIO RR.
A ugusta Hallowell A G ardiner R R . and the Lewiston W lnthrou A A ugusta
O R G A N IZA TIO N .— Incorporated In Ohio on June 7 1910 to take over
S treet R y. V. 84, p. 1182. In Aug. 1910 purchased the A uburn & Turner under
lease the W estern Ohio R y. Lease provides the W estern Ohio R R .
R R . Franchises arc perpetual. Docs a freight business.
prln. A Int. on W estern Ohio R y. bonds as well as dlv. on both 1st
In Dec. 1911 acquired the P ortland A Y arm outh R y. ($300,000 stock pay 2d
pref. stocks of th a t com pany and an annual ren tal of $ 15,000. H old­
a u th .), which was successor to the Portland A Brunswick S t. R y. sold a t and
ers of com . stock of W estern Ohio R y . had righ t to exchange before Ja n . 1
foreclosure on S ept. 25 1911. V. 93, p. 1787.
1911 their stock for stock of W estern Ohio R R . on basis of 3 shares of R w y.
STOCK AND BONDS— Date. Interest. Outstandino. M aturity. for
share of R R . V. 90, p. 1556. On Ja n . 1 1911 27,402 shares had
Stock, com ., $2,400,000 ($ 1 0 0 ).......................... .........$2,400,000 ........................ beenoneexchanged.
Stock a u th ., $1,000,000; Issued, $913,400.
Pref, $600,000($100) 6% cum .............
Q-F
600,000Nov’l 1,1 34%
Bond
Fool, which expired Ju n e 1 1911, was extended for 1 year to Ju n e 1
First and refunding mort-1 1907 5 g A-O
1,700.000 April 1 1937 1912. V.
92,
p.
1376.
gage, $5,000,000 ($1,000),) Old Colony T ru st Co.. Boston. T rustee.
E A R N IN G S.— ~For 12 m onths ending Ju n e 30:
gold
- .....................c* j Interest a t agency of cornpanv. Boston
Net
I nterest • Pref. div. Balance,
Gross
Notes $500,000 gold ($1,000)1 1911 5 J-D
349,000 Ju ne 1 1913
Year—
Earnings. E arnings, and Taxes. and rents. Surplus.
red a t 101 and in t-----------c /In t. a t J . A W. Sellgnmn A Co., New Y ork. 1910-11...............
$278,144 $193,933
$44,629
$39,582
$583,741
Securities of the Lew. Bruns. A Bath S t. R y .—
24.000
35,642
_______
246,121
186,479
■ HB
_ 521.766
First m ortgage $1,000,0001 1898 5 M-S
845,000 Mch 1 1918 1909-10_______
O FF IC E R S.— Pres., J . L . W olf, CIcve.; V. P ., M. J . M andelbaum , Clevc.;
gold ($500 A $1,000)------- c /In t. a t S tate T ru st Co., A ugusta, M e., tru st. V .-P.
Gen. M gr., F . D. C arpenter, Lim a; Sec. A T reas., H . C. L ang.—
B ath S t Ry 1st m tgc$300,000\ 1893 5 g J-J
70.000 July I 1913 V. 92,and
p. 1376; V. 93. p. 287.
gold ($1,000)....... - ........... o * /In t. a t Am cr. T rust Co., Boston, trustee.
(1) Western Ohio R y.—A trolley road.
Securities of the Aug. W in. A Oar. R y .—
O
R
G
A N IZA TIO N .— incorporated In Ohio on O ct. 11 1900. This Is one
Aug. II & Gkgen m tgc con-1 1001 4 J-J
250,000 Ju ly 1 1951
the M andelbaum roads aud forms a link In the through car service from
v crtlb le--------------------------c /In t. a t A ugusta T r. Co., A ugusta, trustee. of
Cleveland to Lim a. O utside of m unicipalities has private ligh t of w ay.
Aug Win & Gard 1st M $250,-\ 1902 4 g J-J
150,000 July 1 1952 Franchises
tow ns arc for 25 years. Owns entire com mon and prcf. stock
000conv($ 1,000 & $500) gc*/ I n t.a t A ugusta T r.C o ., A ugusta, M e.,T rust. of th e Lim aInFindlay
Toledo R y. V. 83, p. 97. 157, 381. H as contract
Aug Win & Gard gen M $125.-1 1905 5 g J-J
100.000 Jan 1 1935 to furnish power until A1913
to Lim a A Toledo T raction, F t. W ayne Van W ert
000 ($500 and $1,000) gold /Interest a t A ugusta T ru st Co., T rustee.
a T raction and Indiana Columbus A E astern T raction.
Bonds.—The $5,000,000 1st M. bonds are subj. to call on any Int. day a t A IsLimleased
to W estern Ohio R R . V. 90, p. 1615; V. 91, p. 40.
107 h and Int. No sinking fund. $1,415,000 are reserved for prior Hens,
STOCK AND BONDS.— Date. Interest. Outstanding. M aturity.
$466,000 are In treas. and $1,419,000 are reserved for extens. & lm pts. The
$3u,000 ($1)_______ . . . . __ __
$30,000 ......................
Aug. W lnth. A G ard. R y. gen. M. 5% bonds of 1905 arc subj. to call a t par Common
1st pf. $500,000 ($100)7% c u m ____
Q-J
250.000 See tex t
on any lilt, d ate on 05 days’ notice. The Aug. W lnth. A G ard. R y. 1st M. 2d
$500,000 ($100)6% c u m -----Q-J
450.000 Jan ’12, 1 H
4% bonds are exchangeable for 4% prcf. stock of the sam e co., which stock 1st pf.
m ortgage $3,000,000 gold/ 1901 5 g M-N
2.500.000 Nov l 1921
has the sam e security as the bonds and m atures a t sam e tim e. $191,000
a t CIt Savings A T rust Co. Cleveland,
have been exchanged. The Aug. II. A Gar. gen. M. 4% bonds arc ex­ ($1,000) $26,5 00pcrM.c* Ar( In t.T rustee
or F irst N ational Rank, N. Y.
changeable for 4% pref. stock of the sam e co., having the sam e security as Collateral tru st m ortgage.!l 1910
6%
250,000 Ju ly 1 1930
the bonds and m aturing a t the sam e tim e. $82,000 have been exchanged.
......................./Cleveland T ru st Co., T rustee.
Of the Lewiston Brunswick A Bath S treet R y. 1st M. bonds of 1898, L $500,000..........F A T 1st m tgc $600,000/ 1905 5 g J-J
400.000 July 1 1925
$85,000 have been retired and $70,000 are reserved to retire the underlying
gold ($1 000)____________c (In t. at Citizens Savings A T ru st Co.. Clevebonds. Series "A " notes arc secured by deposit of $466,000 L . A. A W .
l land. T rustee, or In New Y ork.
1st A ref. bonds a t 75. Union T ru st Co., IVew York, trustee.
Bonds.—The W est Ohio 1st M. bonds have no sink. fd. and bonds are not
Dividends.— On prcf. 1H % quar. from Aug. 1910 to and Incl. Nov. 1911.
to call. See V. 76, p. ICO, for agreem ent am ong bondholders.
EA R N IN G S.— For year ending June 30 1911, gross, $533,019;net, $209,­ subject
Coll, tru st bonds arc convertible Into 1st pref. stock and are secured by
240; llxed charges, $105,704; surplus, $43,536.
of $495,000 1st 5s. $250,000 have been converted. No sink, fd.;
ROA D.— Operates a system In and between W atcrvlllc, A ugusta, W in- , deposit
on Nov. 1 1921 at 110. As bonds are converted, proportionate am ount
throp, Togus, Hallowell, G ardner, S ab attu s, Lowlston, A uburn, T urner, red.
1st 5s which arc collateral will be canceled.
M echanic Falls, Brunswick, F reeport, Y arm outh and B ath. T otal track, of The
Lima Findlay A Toledo bonds have a sinking Jund of $10,500 per
144.8 miles. 90 pass., 10 freight and 6 express ears, 13 snow plows and an n ,, which
began In 1911. Are subject to call a t 105. V. 80, p. 2344.
6 mlsc. cars. The Portland A Y arm outh has 16.4 miles of track In ad d ’n.
D ividends.— On 1st pref. regular quar. dlvs. are paid. On 2d pref. ilrst
O FF IC E R S.— Pres., John R. G raham , Bangor; V .-Ps., H . L. Clark and d lv..
1 H % , paid O ct. 1910, and sam e am ount q uar to and lnol. Ja n . 1912.
F rank Sullivan J r.; T reas., C. A. Pearson, Phlla.; Gen. Mgr. and P ur. A gt.,
R O A D .— O perates from Lim a through W apakoneta and S t. M arys to
H arry B. Ivors, Lew iston.— V. 91. p. 94; V. 92, p. 659; V. 93, p. 1787.
Ccllna; from S t. M arys to M inster, and from W apakoneta to Plqua; a total
of 80 miles; also Lim a to Findlay. 32 miles, thus com pleting a through line
to Toledo. Total, 112 miles single track. S tandard gauge. O perates
LEWISTOWN, PA.
19 passenger and 6 other cars.
LEW ISTOW N & R EED SV ILLE ELECTRIC RY.
O FF IC E R S.— P res., F . D. C arpenter, Lima: V .-P., J . O. W ilson, Cleve.;
ORGANIZA'I IO N .— Incorporated In Pennsylvania on March 24 1892. Sec.
A T reas., A. B orn.— V. 83, p. 97. 157, 381; V. 85, p. 1520; V. 88. p.
STOCK AND BONDS.— Date. Interest. Outstanding. M aturity. 626; V.
89, p. 667; V. 90, p. 504. 1426, 1492, 1615; V. 91, p. 40,155,872.
Stock $150,000 ($ 5 0 )........................................................ $150,000 1907-08,5%
1st m ortgage gold ($500 and! 1899 5 g J-J
150,000 June 1 1919
$1,000) $150,000 ------c A r)In t. a t M erchants Union T r. Co., P hlla.,T rus
LINCOLN, NEB.
2d m ortgage gold ($500 andl 1902 5 g M-N
125,000 May 1 1917
THE LINCOLN TRACTION — A trolley road.
$1,000) $125,000_____c A rjIn t. a t Com’w ealth T r. Co.. H an isb ’g T rus.
O RG A N IZA TIO N .— Incorporated In N ebraska In 1909. Is a consoli­
Bonds.—The lsts arc not sub. to call, b u t the 2ds can be called a t par.
dation of the old Lincoln Traction and the Citizens* R y. Co. V. 88, p. 506.
Dividends.— 1902 to 1908 Inclusive, 5% per annum . None since.
Holders of the old Lincoln pref. stock ($700,000) received 110 In the new
EA R N IN G S.— For year end. Nov. 30 1911, gross, $95,878; net, after bonds.
Holders of the old Lincoln common ($330,000) got for every share
taxes. $37,583; llxed charges. $13,229; surplus, $24,354.
of
old, two shares of new pref. and four shares of new com m on. Holders
ROA D.— O perates 10.2 miles of track from Lewlstown to Reedsvllle and
Citizens’ Ry. stock ($415,000) received 100% In new pref. and 80% In
Lewlstown Junction, with a branch to B urnham . 60 and 70-lb. T and of
new common.
TQ-lb.jrtrder rail.
In May 1910 A ttorney-G eneral Thom pson advised the N ebraska R R .
O FF IC E R S.— Pres, and M gr., J. I. Quigley, Lewlstown; V .-P., Jo hn E.
th a t they have no power to order the cancellation of $1,500,­
Zlm m erm ann, Phlla.; Sec. and T reas., Chas. Day, Phlla., S u p t., C. E. Commissioners
000 stock of the com pany, as dem anded In a case Hied by County A ttorney
Gossard, Lewlstown.— V. 88. p. 1128; V. 89, p 019.
T yrrell, who claimed the sam e was "p u re w ater.” V. 90. p. 1363.
STOCK AND BONDS— Date. Interest. Outstanding. M aturity.
LEXINGTON, KY.
Common $2,000,000 ( $ 1 0 0 ) . .. ------ -------------$1,652,000
......................
Pref. $1,500,000 ($100) 6% c u ____
Q-F
1,107,900 N ov.’ 11,1 H %
KENTUCKY SECU RITIES CORPORATION.— A holding com pany.
1st
m
ortgage
$1,500,000
gold
11909
5
g
J-J
1,170,000
M
ar. 1 1939
O RG A N IZA TIO N .— Incorporated In Virginia on Ja n . 23 1911 (V. 92,
.c A rjIn te re st a t New York T rust Co., trustee.
p. 322) as successor to th e Lexington A Interurban Itys. Co. per plan In Old($1.000).....................
Lincoln Trac. m tge. g. $1,-] 1899 5 g J - J
250,000 Jan 1 1920
V. 92, p. 461. Owns practically the entire stock of the K entucky T raction
000) $250.000......................c* l Interest a t New York Trust Co., trustee.
A Term inal Co. and Lexington Utilities Co.; also $244,000 K y. T rao. A Bands.—
Of the new Lincoln Traction Co. bonds $250,000 are reserved
Term . Co. 1st A ref. bonds.
liens and $80,000 are for extensions and Im p’ts at 85% of cost.
STOCK AND BONDS— Date. Interest. Outstanding. M aturity. forDorior
ividends.—
Common $2,500,000 ($100)........................................ $1,847,000 ...................... 1911. Inclusive.1 H % paid quarterly on pref. from May 1 1909 to N ov. 1
Prcf $2,500,000 ($100) • %!
EA R N IN G S.— F or year ending Ju ne 30 1911, gross, $583,884; net,
cum from Jan 1 1 9 1 3 .___ / ...............................
1,915,000 ----------------Interest, taxes and dividends, $142,738; surplus, $4,173.
Stock. -Both com . and pref. are listed on Phlla. Stock Exchange. Pref. $146,911;
R O A D .—Owns 54.59 miles of track.
stock is red. after 3 years a t par and accum . dlv.
O
FF
IC
E
Pres, and Chairm an of Board, W. E. Sharp; V .-P., C. T .
EA R N IN G S.— Of com bined properties for year end. Ju ne 30 1911, gross, Boggs; Sec.,R S.—
J . II. Sm ith; T reas., S. H . B urnham ; A ud.,A A sst. Sec., O. J .
$672,732; net, $195,583; not from gas, $22,588; total net. $218,171.
Gen. M gr., J . II. H um pe. Lincoln: Gen. S u p t., F . H . B rooks.—
O PE R A T IO N S.— C onstituent com panies operate about 93 miles of track. Shaw;
T hey do the electric light, street railw ay and lee business of Lexington. V. 88, p. 500; V. 90, p. 1363; V. 91. p. 94.
Also operate city lines In Frankfort and lines radiating from Lexington to
O M A H A LI N C O LN & B E A T R I C E R Y .
Georgetown, Paris, NIcholaavlllc, Versailles, and from F rankfort to Ver­
Is to construct 56 miles between Lincoln and O m aha, of which 6 miles
sailles.
Lincoln to B ethany H eights Is com pleted and In operation. S tandard
O FF IC E R S.— P res., P . U . Chandler; V .-P., John A. M cCarthy; Sec. A from
gauge.
70-lb. T rail. Franchises, 99 years and perpetual. Furnishes
T reas., J . K. Trim ble.— V. 92, p. 1436; V. 93, p. 286, 1191.
electric light and power to village of B ethany. Stock authorized, $2,250,000
(1) K entucky T raction & Term inal Co.
($100);
outstanding,
$300,000. No bonds.
O R G A N IZA TIO N .— Incorporated In K entucky on May 18 lO lla s a c o n O FF IC E R S.— Pres., H arvey Mu.sscr; V .-P., II. II. Wilson; Sec. A T reas.,
golldatlon of the Lexington R y., Blucgrass T rac. Co. and C entral K entucky H . S. N orton. Office, 1400 "O ” S t., Lincoln.
Trao. Co. V. 92, p. 1436. Practically the entire stock Is owned by Ken­
tucky Securities Corp. Franchises perpetual expect those on 7 miles of
LITTLE ROOK, ARK.
track In Frankfort expiring In 1915 and 1925 and 1 mile In W inchester
expiring In 1927.
L I T T L E R O C K R A I L W A V & E L E C T R IC CO.
A m cr. Cities Co. owns 81% of com . and 80% of prcf. stocks.
STOCK AND BONDS— Date. Interest. Outstanding. M aturity.
Stock $2,500,000 ($100)------- ------ ----------- $2,093,325 ___________
O RG AN IZA TIO N. —Incorporated In A rkansas on March 17 1903 and Is a
1st A ref m tgc $7,500,000 gl 19111 5g F-A
1,883.000 Feb 1 1951 consolidation of the L ittle Rock T raction A Electric Co. (granted a new
($1,000) guar p A I ------- C /I n t . a t Commercial T ru st Co., Phlla., T rustee franchise on Sept. 28 1901 for 50 years; V 73, p. 784) and the L ittle Rock
Passenger A Belt flrst ratgcl 1891 6 g A-O
48,000 Sec text
Edison Electric Light A Power Co. (franchise unlim ited) O perates all
$200,000 ($1,000)..............- /In t. a t A m cr. T r. A S av . B k.. Chic., T rustee. ■ treet railw ays In city and all com mercial electric lighting; also a oortlon of
Lex Ry Ilrst m tgc $1,500,0001 1899 5 g J-D
1,452,000 June 1 1949 the com mercial lighting In A rgenta and Pulaski, A rk. Isidore N w m an A
gold ($1,000)___ ___ c * /In t. a t C ontinental T r. Co.. Baltim ore, T rus. Son of New Orleans are fiscal agents.
Blue Grass 1st m tgc $700,0001 1904 5 g M-S
402.000 Mch 1 1934
.STOCK AND BONDS—
Date. Interest. Outstanding. M aturity.
gold ($500 and 51,000) .c A r/ Int. a t Cleveland T ru st Co., Cleveland, T rus. Com mon. $1.500.000......................... 5 J-D
$1,500,000
See te x t
Georgetown A Lexington llrstl 1901 5 g M-N15 200,000 Nov 15 1921 Pref. 6% cum . $750.000........ ......... 6 J D
750.000 D e c ’l l , 3%
2.000.000 April 1 1933
m tgo $250,000 gold ($100. [In terest a t Cincinnati T ru st Co.. T rustee, and 1st m ortgage, $2,000,000,( 1903 5 g A-O
$500 and $ 1 . 0 0 0 ). - . -.cA rJ a t S tandard T ru st Co.. New York.
gold ($1,000)......................c*( Interest at Com. G erm ania T ru st A Savings
l Bank, New O rleans, T rus. or fisc. ajt* .,N .Y .
Bonds.— Of the 1st A ref. bonds, $2,102,000 arc reserved to retire prior
700.000 April I 1938
Hens and rem ainder for extensions. Im provem ents, Ac., a t n ot exceeding R efunding and extension m tg! 1908 6 g A-O
90% of cost under certain restrictions. T hey arc redeem , after Feb. 1 1914
$5,000,000 ($500 and $ 1 Int. a t Bank of Commerce A T rust Co., Mema t 105 and Int. Bonds arc guar., p. A 1., by end. by th e K entucky Sccurl
000) gold ............................c*J phis, T ru s., or S tandard T rust Co.. N . Y .

Dividends.— Initial d lv.— H % —on pref. was paid O ct. 5 1010. In 1011,
Ja n ., H % ‘. A pril, U % ‘, Ju ly , M % \ O ct., 1% . In 1012, Ja n ., 1%.
EA R N IN G S.— For 12 mos. ending Ju ne 20 1011, gross, $224,246; net,
after taxes and rentals, $93,554; interest, $50,000; dlvs., $30,000; surplus,
$13,554. In 1000-10, gross, 5193,885; net, after taxes and rentals, $76,123.
RO A D .—O perates from the term inus of the S tark Electric R y. In
Salem, Ohio, through the city of Salem to a connection with the Salem R R „
and over the Salem R R . from Salem through W ashlngtonvllle, L eetonla.
Lisbon and W est Point to E ast Liverpool, Ohio, a distance of 36 miles.
At Leetonla, O ., connection Is m ade with the Y oungstown A S outhern R y.,
Owns 32.19 miles of track and leases 6.81 miles. S tandard gauge, m ostly
TO-lb. T rail. Pass, equip., 7 cars; freight, 3 locomotives, 15 cars.
O FF IC E R S.— Pres., Will C hristy; V .-P., Geo. A. Stanley; See. and
T reas., Chas. S. Thrasher; Gen. M gr., J . I). Dcwces; A ud., 13. II. Jacobs.
General office, Leetonla, O .— V. 87, p. 679; V. 88, p. 824; V. 90, p. 1556;
V. 91, p. 40. 947; V. 92, p. 457; V. 93, p. 873.




ELECTRIC RAILWAYS

66

Bonds.— F irst m ortgage bonds are subject to call on 60 days’ notice on
any Interest period a t 107 1^. Sink, fund of % of 1% of outstanding bonds
1908 to 1917; 1% thereafter. $31,000 are held by sinking fund. The
refunding and extension bonds cannot be called; $2,000,000 are reserved to
retire 1st 5s and rem ainder for 80% of cost of additional property If n et
earns, for 12 inos. previous have been twice the annual ln t. charges on o ut­
standing bonds, Incl. those to be Issued. A sinking fu n d of M of 1% on o ut­
standing bonds com m encing Aug. 1 1913 Is to be Invested In these bonds at
not higher th an a
basis, bonds to be kept alive In fund. The llrst
$500,000 are to be Issued as 6s; rate on subsequent bonds to be a t discretion
of board of directors a t not exceeding 6% . See full particulars regarding
bonds, property, A c., In V. 87, p. 414.
D ividends.— On pref., 6% per annum paid up to and Including Dec. 1911.
On com .. 1906,2% ; 1907, 4% ; 1908, 4
1009, 6 H % : 1910, M oh., 1H % :
extra; Ju ne, 4% ; D ec., 4% ; in 1911, Ju ne, 4% and 1% extra; D ec., 5%
and 10% extra.
Latest E arnings.— For 12 mos. end. S ept. 30 1911, gross, $850,691; net,
after taxes, $416,060; fixed charges, $144,718; surplus, $271,342.
E
A R N IN G S.— F or____
calendar
years:
____
_______
— Surplus.
- _________
Dividends Year— _____
Gross.
Net. *Interest.
1910 ...$ 7 7 2 ,2 4 4 $379,774 $140,397 pref.$45,000; com .$142,500 $51,877
1909 . . . 720,371 360,378 133,252 pref. 45,000; com. 97,500 90,626
1908 . . . 670,897 331,663 121,677 pref. 45,000; com. 67.500 97,486
* Includes $10,000 sinking fund charge.
R O A D .—O perates 35.21 miles of track , Including 10 miles of double
track . Ralls, 65-lb. and over. 32 open, 37 closed, 16 sem l-convcrtlblo and
8 work cars; total, 93.
„
„ _
O FF IC E R S.— P res., W . M. K avanaugh; V .-P. A Sec.. Geo. B. Rose;
T reas., Chas. J . Griffith; A ud., W . J . T h a rp — V. 86, p. 918; V. 87. p. 414,
1664; V. 88, p. 1620; V. 90, p. 608; V. 92. p. 1701; V. 93. p. 1725.

LONG BRANCH, N. J.

MONMOUTH COUNTY ELECTRIC CO.
O RG 4.N IZA TIO N .— Incorporated A pr. 1 100! as a reorganization of
the A tlantic H ighlands Red Banli & Long B ranch Electric R y. In April
1003 was granted a 45-year franchise to operate In Long B ranch, In con­
sideration of which the town Is to receive X of 1 % of gross receipts.
STOCK AND BONDS— Date. Interest. Outstanding. MaturUg.
S tock. *500,000 (* S 0 )............................................. ........ 5325,000 . . . . . . . . . .
1st m ort., *500,000 (*1001 1801 4 g J-J
500,000 Apr. 1 1051
and *1,000) g o ld .. ...c * ( I n t. a t H am . T rust Co.. B ionklyn, T rustee.
00,275 .....................
O ther debts Dec. 31 1010 ...............................................
RO A D .— O perates In and betw een Red B ank and Long B ranch and from
Red Bank to Oceanic. T otal track, 17.71 miles.
E A R N IN G S.— For cal. year 1010, passenger earnings, 506,762; n et re­
ceipts, 520,265; other Income, *2.584; rtxed charges, *30,812; sur., *1,037.
O F F IC E R S .— P res.. W illiam F . H ogan. B rooklyn.— V. 72. p. 86. 301.

LONG ISLAND CITY, N. Y.

LONO ISLAND CONSOLIDATED ELECTRICAL COM PANIES
O R G A N IZA TIO N .— Entire stock Is owned by the L >ng Island R R . In ­
corporated In New York and holds m ajority of stock of the H untington R R .
and entire stock of the Ocean Electric R y ., the N orthport T raction Co., the
N assau C ounty R y ., the Glen Cove R R . and the Jam aica A South Shore
R R . Also owns one-half the stock (the Interborough R apid T ransit Co.
ow ning the other half) and bonds of the N. Y. A Long Island T raction and
the Long Island E lectric R y.
STOCK AND BON DS— Date. Interest. Outstanding. M aturity.
Stock, $25,000 .......................... All owned by Long Island RU.
Coll. tr. bonds, $10,000,0001 1905 4M g
N one.
1045
gold, g u a r ............................... JU . S. M tge. A T ru st Co., N . Y ., T rustee
Bonds.— Are g u ar., principal and Interest, by Long Island R R .
O F F IC E R S .—P res., R alph Peters; V .-P., C. L. Addison; Sec.. F rank E .
H alf, N. Y .; T reas., J . F . Fahnestock, Philadelphia.— V. 83. p. 890.
(1) H untington RR.
O RG A N IZA TIO N .— C hartered In 1890. M ajority of the stock Is owned
by Long Island Consolidated Electrical Com panies.
STOCK AND BONDS— Date. Interest. Outstanding. M aturity.
Stock, $30,000 ..................................................................... $30,000 - ....................
F irst m ortgage, $30,000f 1890 5 J-D
26,000 June 1 1920
($500) guar p A 1_______ o jln t. a t U. S. Mtge A T rust Co., New York
(M etropolitan T rust Co , T rustee.
RO A D .— Owns and operates a cross-island line from H untington to
A m ltyvllle, via F arm lngdale, 18 miles. Opened for traffic A ug. 25 1909.
V. 89. p. 593.
O R G A N IZA TIO N .— Incorporated May 1 1897. E ntire stock Is owned
by Long Island Consol. Electrical Cos. On Sept. 21 1898 acquired Rockaw ay VU'ago R R . Co.
STOCK AND BONDS— Date. Interest. Outstanding. M aturity.
Stock, $50,000 ($100)_______
$35,000 ------- - - - - ­
F irst m ortgage, $20,000 .......... 1898 5 A-O................... 20,000 A pr 1 1018
RO A D .— Owns 6.50 miles of track , 21 passenger cars and 2 others.
(3) Long Island Electric R y. —A trolley road.
In Jan . 1906 control passed to the Interborough R apid T ransit Co.
and the Long Island Consolidated Electrical Com panies, each owning one
half the stock and bonds.
O RG A N IZA TIO N .— C hartered M arch 13 1897 as New York A N orth
Shore R y. On O ct. 11 1800 was consolidated w ith the former Long Island
Electric R y ., new com pany having $2 100,000 capital stock and $2,100,000
bonds. On May 7 1902 the lines noith of Jam aica were sold under fore
closure to the Queens R y. Co., which com pany was then m erged In the
New Y ork A Q ueens County R y. On Aug. 28 1903 old nam e of "L ong
Island Electric R y ." was resum ed. In Aug. 1909 stock was reduced from
$2,100,000 to $600,000 by cancellation of $1,500,000 stock originally Issued
to represent the piece of road which subsequently became the Queens Ry.
and now forms p art of the New Y ork A Queens County R y. V .89,p.42, 593.
STOCK AND BONDS— Date. Interest. Outstanding. M aturity
Stock. $600,000 ($100)............... .................................. $600,000
...................
L. I. E l. 1st M. 5600,0001 1895 5 g J-D
600,000 June 1 1925
($1,000) ............................ c*JTnt. a t H am ilton T r.C o., B rooklyn.T rustee
E A R N IN G S.— For year ending Ju ne 30 1911, gross. $214,067; net,
$36,036; other Income, $456; charges and taxes, $44,757; deficit, $8,265.
ROA D.— Comprises 26.56 miles of track on 17.34 miles of road from
Crescent A venue, Brooklyn (at the term inus of the Kings C ounty E levated),
to Jam aica, Hollis and Q ueens, and from Jam aica to F ar R ockaw ay. 37
passenger cars and 8 others.— V. 83, p. 818; V. 88, p. 101; V. 89, p. 42, 593.
(4) New York & Long Island T ractio n .—A trolley road.
On Ju n e 20 1005 control was purchased Jointly by the Irterborougb
Rapid T ransit Co. and the Long Island Consol. Elec. Cos. V. 80, p. 2622.
The Interborough also controls the New York A Queens C ounty Ry.
O R G A N IZA TIO N .—This was form erly the Mlneola H em pstead & Free­
port T raction (Incorporated on Feb. 27 IKOO), b u t nam e changed as above
on Sept. 22 1902, and stock Increased from $125,000 to $1,000,000.
STOCK AN1) BONDS— Date. Interest. Outstanding. Last D1*.
Com m on, $750,000 ($50) ................................................ $750,000 .....................
P ref., 5 % cum ., $250,000 ($50>.......................... .........
250 000 N o.dlv yei
I 1002 4H g M-N
1,000.000 N ov. 1 1942
1st m tge., $1,000,000, gold! ln t. a t Citizens Sav. 6c T i. Co., Clevc($1,000) o. A r ..................H and , trustee, or a t 1st N at. Bank N. \
Bonds.—Are subject to call a t 107 a t 30 days* notice, but no sink. fund.
E A R N IN G S.— For year ending June 30 1911, gross, $387,892; net,
$146,577; other Income, $512; charges and taxes, $80,565; surplus, $00,524.
R O A D .— O perates an electric line connecting M lneola, H em pstead and
F reeport, 7.84 m iles. Also operates line from H em pstead w est 5.58
miles to Queens, where connection Is made w ith the tracks of the Long
Island Electric R y. Co. Also a line 17.01 miles long from Freeport westerly
via Rockville C entre, Lynbrook and Valley Stream , to a connection w ith the
Kings County E levated Ry. a t Brooklyn. Also a line from Queens to
Mlneola via Jericho T urnpike, 5.86 miles. T otal, 36.29 miles. Total,
lncl. second track , 41.11 miles. 31 passenger and 9 other cars.
O FF IC E R S.— Pres., C. L . Addison, Penn. S ta., N. Y.; V .-P. A Gen.
M gr., W. O. W ood, Long Island C ity, N. Y.: Sec. A T reas., F rank E . H alf
P enn. R R . S ta., N . Y .— V. 84, p. 868; V. 88, p . 101.
,




t"V OL. LXXXXIV.

NEW YORK & QUEENS COUNTY RY.

t

t

32,048 shares out of total Issue of 32,350 Is owned by the Interborough
R apid T ransit Co., which also owns one-half of the stock of th e Long Island
E lectric R y. and the New York & Long Island T raction.
O RG A N IZA TIO N .— Incorporated June 29 1896 and reorganized on June
30 1899. Purchased the various lines of railroad In Long Island City known
as the Newtown R y. Co., the R lkcr A ve. A Sanfords Point R R ., the Stein­
way R ailw ay the Long Island City A Newtown R y. and the Flushing A
College Point R y . In May 1902 the Queens R y. w as consolidated w ith It,
and thereupon Increased Its stock from $2,500,000 to $5,000,000 The
Queens R y. succeeded to th e property sold at foreclosure of the New York
A N orth Shore R y., com prising a line of 6 miles from Flushing to Jam aica,
with franchises for lines between Flushing and College Point, Flushing and
Bayslde and M anhasset. V. 74, p. 1197. In Sept. 1906 the R ailroad
Commissioners granted perm ission to m ake a new m ortgage for $10,000,000
to provide for refunding, Ac. V. 82, p. 1439; V. 83, p. 752.
The new Q ueemb>ro Bridge across Blackwell’s Island was opened In
1909. On SeDt. 19 1909 the City of New Y ork's m unicipal trolley across
the bridge began operation. The round trip fare Is 5 cents. On Deo. 16
1909 New York A Queens County R y. was granted a perm anent franchise
to run cars over the bridge. O peration began on Feb. 5 1910. V. 90,
p 373. Through passengers only are carried across the bridge and no extra
fare is charged.
STOCK AND BONDS— Date. Interest. Outstanding. M aturity.
Stock, $5,000,000 ($ 10 0 ) ............................................. $3,235,000 ............... ..
Flushing A College Point first 1 1895 5 g J-D
50.000
1925
m ortgage, $50,000, g o ld .--/N e w York T rust Co., T rustee.
Newtown R y first m ortgage. 1 1894 5 g J-D
150,000 Deo 1 1924
$150,000 g old ......................../New York T ru st Co., Trustee
Steinw ay R y first m ortgage) 1892 0 g J-J
1,500,000 J u ly l 1922
$1,500,000 ($1,000) gold.c* /ln t. a t M ortonTrust C o.,N .Y . City, T rustee.
New York A Queens County 1 1896 1 g A-O
1,300,000 O ct 1 1946
first consol m tg, $3,000,000 ^Mercantile T rust Co., New Y ork, T rustee.
gold. $1,000 each.................J Interest at office of com pany. New York.
First A refunding m tge, $10,-1 1906 4 g M-N
See text Nov 1 1936
000.000, gold ($1,000)-_c*/W indsor T rust Co., New Y ork, T rustee.
Cur. liabll., m atured and u nm at., Ju ly 1 1011 - - . .$3,054,636 - - - - - - - ­
Of the new $10,000,000 m tge., $2,086,827 arc deposited as collateral for
loans from Interborough R ap. T ran sit and $3,065,000 are reserved for
prior liens. No sinking fund and bonds are not subject to call. U nder the
N. Y. A Queens Co. 1st cons. M. there were originally $2,500,000 bonds out­
stan d ing , b u t the com pany, having defaulted In paym ent of ln t., reorganiza­
tion was m ade, under which the holders surrendered $1,200,000; Interest
was reduced to 4% and the M ercantile T rust Co., N. Y., was m ade the nevr
trustee. The sakl bonds are redeem able a t 105 and Interest. V. 69, p. 906
R O A D .—The system , w ith the Queens R ailw ay, em braces 74.47 miles of
trolley track,Including main line, 40.24 miles; second track , 28.06; sidings,
5.27. Ralls 77 to 107 lbs., standard gauge; 227 pass, cars, 32 other cars.
R E P O R T .— For fiscal years ending June 30:
.
Gross.
Net.
Other Inc. In t.A Taxes. D eficit.
1010-11 $1,202,912
$95,870
def.$658
$323,580 $228,36S
1 90 9 -10 ... 1,029,917
154,223
_____
320,905
166,682
O F F IC E R S .— Pres., W . O. Wood; Sec., H . M. Fisher; T reas., J . H .
C am pbell.— V. 83. p. 752; V. 84. p. 804: V. 86, p. 548; V 88. p. 375.

LOS ANGELES, 0AL.

PACIFIC ELECTRIC RAILWAY.

All the stock except directors’ shares Is owned by Southern Pacific Co.
O R G A N IZ A T IO N — Incorporated In California on Sept. 1 1911 with
$ 1 0 0 , 0 0 0 ,0 0 0 ($100) a u th . stock as a m erger of the following subsidiaries of
the Southern Pacific Co. (V. 93, p. 667):
San B ernardino Valley T raction Co.
Pacific Electric R y.
San Bernardino Intcrurb an R y.
Los Angeles Pacific Co.
Redlands C entral R y.
Los Angeles Intcrurban Ry.
Riverside A A rlington R y.
Los Angeles A Redondo Ry.
On Nov. 16 1911 shareholders a u th . a new $100,000,000 m tge. for refund­
ing, Ao. V. 93, p. 1163, 872.
I t Is planned to expend $30,000,000 In building lines th at will Increase
present mileage of 1,000 to 2,000, reaching as far north as S anta B arbara
and south to San Diego.
BONDS.—There are $49,693,000 bond3 o ut, of which $29,930,000 are
owned by Southern Pacific Co.
EA R N IN G S.— Of consol, lines for 4 mos. end. O ct. 31 1911, gross, $3,­
057,173; n et, after taxes. $1,057,850. In 1909-10, gross, $2,987,715; net
after taxes, $906,075.
ROA D.— Consolidated com panies own 794.35 miles of single track (not
Incl. 87.30 miles of spurs and sidings), of which 549.03 miles arc on private
righ t of way and 244.42 miles on public highw ay. 14 elco. locomotives,
579 pass .cars, 1,154 freight cars and 72 service cars.— V.93, p.667,872,1463.
(1) Pacific Electric Ry.— A trolley road.
In Nov. 1910 Southern Pacific Co. acquired full control, having taken over
the rem aining one-halt of stock form erly owned by II. E . H untington.
V. 91, p. 1386; $770,000 of consol, bonds arc owned by So. Pao. Co.
O RG A N IZA TIO N .—This com pany was Incorporated under the laws of
California In 1901, aud Is a consolidation of (lie following com panies:
Los Angeles A Pasadena Elec. R y. I E ast N inth S treet Ry.
Pasadena A M ount Lowe R y.
Tem ple S treet Cable Ry.
Pacifle Electric of A rizona.
| Brooklyn A venue R y.
These com panies com prise nearly all the intcrurban lines In and around Los
Angeles. In 1910 all city lines In Los Angeles were turned over to the Los
Angeles R y. Corp. Sec th a t com pany below. Owns all the stock of Los
Angeles Intcrurb an R y., which com pany It also operates under lease dated
July 1 1008.
On Feb. 1 1910 the Los Angeles Pacific Co. (successor In 1905 to the Los
Angeles Pacific Railroad, which was organized June 4 1898 and owner of the
Los Angeles Ocean Park A S anta M onica R R ., V. 78, p. 342), all of whose
stock Is owned by Southern P ac. Co., was merged Into the Pacific Electric
R y. V. 92. p.188.
Controls the Riverside A A rlington R R.
STOCK AND BONDS—
Date. Interest,outstanding. M aturity.
Stock. X29.000.000 ( $ 1 0 0 )........................................ $20,000,000 .....................
Pac Elec.R y.cons.m tge, $10,-1 1902 5 g J-J
8,494,000 Jan 11943
000,000, gold ($1,000)- - .c / l n t . a t Union T r. Co., San F ran ., Trustee.
Los. Ang. A Pas. M .. $1,000,-1 1898 3 g J-J
l ,000,000 Ja n . 1 1928
oOO, gold, g u a r.i$ l,000) c* )Io t. at III. T r. A Sav. B k „ Ohio., T rustee,
Can be called at 105.......... j or a t Chase N at. B ank, New York
Pas. A M t. L. inert. $500,-1 19GU 4 g J l>
600.000 June 1 1930
non, void ($1,000) _____ c * )In t. a t Union T ru st Co., San F ran ., T rustee.
Callable a t 104 and ln t. j Chicago, or Chase N at. Bank. New Y ork.
Los Angeles Pacific R R firstl 1901 5 A-O
1,454.000 April 1 1031
con m tge, $1,500,000, gold ^Broadway Bk. A T r. Co., Los A ng., T rustee.
( $ 1 000) ________________ J ln t. a t Crocker N at. Bk., San Francisco.
Los Angeles Pacific RR firstl 1903 5 g M-S
3.323.000 Sept 1 1943
and ref m tge, $5,000,000, lin t. a t Los Angeles T rust Co , T rustee, or
gold ($1.000)................... --CJ a t U. S. M ort. A T rust Co., New York.
Los Angeles Pacific Co genl 1906 5 g .J .1
1.293.000 Jan 2 1946
consol m ortgage $12.500,-lin t, at Union T rust Co., San F ran ., T rustee,
0 0 0 , gold ($ l, 000 )sk fd -.c* l
or a t Farm ers' A Mccli. N at. B ank, Los
j Angeles, or Chase N at. Bank, New York.
Los Angeles H er B A Red M ,/ 1902 5 g M-N
74,000 May 1 1942
$500,000. gold ($1,000) — lIn terest at Crocker N at. Bk.. San Francisco.
Los Ang Pac Co 1st ref m tgc.l 1910 4 g J-J
8,323,000 Jan 1 1050
$20,000,000, g ($1,000) _c*j Union T rust Co. of San Francisco, T rustee.
Bonds.— A sufficient am ount of the $10,000,000 consols Is reserved to
retire prior issues. Sinking fu nd Is $5,000 per annum .com m enclng Ja n . 1
1907. for 5 years; then $10,000 per annum to J a n . I 1917; $15,000 per
annum to Ja n . 1 1922; $20,000 per annum to Jan . 1 1927; $25,000 per
annum to Jan . 1 1932 $30,000 per annum to Jan . 1 1937 and $35,000 annu­
ally thereafter, said sinking fund to bo used in the purchase of the bonds,
b u t fund m ay be Invested In other securities If bonds cannot be obtained
a t par The bonds of the Los Angeles A Pasadena bear the guaranty of
the Los Angeles R y.by endorsem ent. A sinking fund of $10,500 per year
on those bonds began Dec. 1 1908, and bonds m ay be called a t 105 on any
Interest date. The bonds of the Pasadena A Mt. Lowe arc guaranteed,
principal and Interest, by both the Los Angeles Ry. and the Los Angeles A
Pasadena Electric R y. A sinking fund for those bonds began
10 years from date of bonds of $5,000 per annum for first 5 years, $7,500
per annum for second 5 years, $10,000 per annum for next 5 years and
$12,500 per annum for rem aining 5 years. These bonds m ay be called after
10 years on any Interest d ate upon 4 weeks' notice a t 104 and Interest.

J an ., 1912. J

Of the Los Angeles Pac. R R . 1st and ref. bonds authorized, enough are
reserved to retire prior liens. A sinkino fund began In 1008. to which 350,
000 per annum Is payable the first 5 years. $00,000 per annum the next 5
years, $70,000 per annum the next 5 years, $80,000 yearly the following 5
years, $90,000 per annum the next 5 years. $100,000 yearly the following 5
years and $150,000 per annum thereafter. These bonds are not subject to
call. On the L. A. Pac. Co. gen. cons, bonds, the following arc payable ann.
to a sinkino fund: 1911 to 1915. $10,000 per annum ; 1910 to 1920. $15,000
per annum : 1921 to 1925, $40,000 annually; 1920 to 1930, $75,000 per
annum ; 1931 to 1014, $80,000 annually, and 1945 to 1946, $90,000 per
annum . Of the $12,500,000 authorized. $5,000,000 are reserved for prior
liens. $883,000 of am ount outstanding above Is owned by Mou. Pacific
Co. Of the L. A. Pac. Co. 1st ref. m tge., $9,202,000 Is reserved to retire
all underlying bonds and rem ainder for extensions, Im provem ents, Ac.
They arc subject to call as a whole,or 111 part on and after Ja n . I 1915 on
any Int. date a t 105 and in t. on 3 m onths’ notice. In t. payable a t com­
pany’s office or agency In New York. Sinking fund o f‘$5,000 per annum .
$3,555,000 of bonds reported outstanding above are owned by So. Pac. Co.
$5,000,000 of the bonds o u t arc guar., p. A L, by Southern Paclllc Co.
RO A D .—The Pacific Electric R y. appears to com prise (Including leased
lines), roughly, 700 miles of track.
O FF IC E R S.— Pres.; W . F . H errin; V .-P., Paul S houp— V. 80, p. 651;
V. 84, p. 1248; V. 87, p. 930; V. 91, p. 1380; V. 92, p. 188; V. 93, p. 007.
(a) Los Angeles Intcrurban Ry.
$4,510,000 1st m tge. bonds arc owned by So. P ac. Co.
O RG A N IZA TIO N .— Incorporated In California on Ju ne 8 1903 and Is a
consolidation of the Los Angeles T raction Co., the Los Angeles A Glendale
R y. and the California Pac. R y. The S anta A na A Orange M otor R y.
and the San Gabriel R apid T r. R y. have also been acquired. Stock Is
all owned by Pacific Electric R y., w hich latter com pany also operates
the property under lease of July 1 1908.
STOCK AND RON DS— Date. Interest. Outstanding. M aturity
Stock. $10,000,000 ($100).................- - - - - - - 3i0.000.000
---­
1st m tge. $ 1 0 ,0 0 0 , 0 0 0 , gold! 1903
5 g A-O
9,020,000..............1943
($1 000), guar ______ c A r/In t. a t Union T r. Co., San F ran ., T rustee.
Cal Paclllc R y 1st m tge, gold! 1901 5 g J-J
480.000 July 1 1941
($1,000). guar_................... cjT ltle Ins. A T rust Co., Los Angeles, T rustee.
Bonds.— Of the California Pacific R y. no stated am ount authorized, but
Is lim ited to $20,000 per mile of com pleted track. No sinking fund on these
bonds, and bonds cannot be called. Interest Is payable In N. Y. City.
These bonds ore guaranteed by the Los Angeles T rac. Co., both principal and
Int. See V. 75, p. 70. A sinking fund Is provided for the first m ortgage of
1903, as follows: 1908 to 1912 Inclusive, $5,000 per annum ; 1913 to 1917,
Inclusive, $10,000 per annum ; 1918 to 1922, Inclusive, $15,000 per annum ;
1923 to 1927, inclusive, $20,000 per annum ; 1928 to 1932, Inclusive, $25,000
per annum ; 1033 to 1937, Inclusive, $30,000 per annum , and thereafter to
m atu rity , $35,000 per annum . The bonds are subject to call for the slnklug
fund a t'a price to be determ 'ned by the directors. These bonds are guar­
anteed as to both principal and Interest by the Pacific Electric Ry.
RO A D .— In Aug. 1910 comprised 336.33 miles of track. V. 79, p. 627.
2588; V. 80, p .6 5 1; V. 87, p. 936; V. 01, p. 1767; V. 93, p. 666.
(b) Riverside & A rlington R R .—
This com pany, controlled by Pac. Idee. R y. and merged Into nctv Pac.Elco
R y., has $200,000 1st 4s, o u t of which $140,000 are owned by So. P ac. Co.
(2) I.os Angeles & Redondo R y.—A trolley road.
IN C O R PO R A TIO N .— Incorporated In California. Capital stock was In
creased In O ct. 1907 from $500,000 to $5,000,000.
STOCK AND BONDS— Date. Interest. Outstanding. M aturity
Stock. $5,000,000 ($100).....................................
$5,000,000
.............- - ­
1st m ortgage, $500,000, gold! 1902 5 g J-J15.............500,000 Jan 16 1932
($1 ,00 0 )...............................cM In t. at Union T rust Co.. San F ran. T rustee
General m ortgage $5.000,000\ 1908 5 g A-O
4.494,000 Oct 1 1958
gold ($1,000)........................- /In te re st at Los Angeles T rust Co., T rustee
Bonds.— $500,000 gen. m tge. bonds arc reserved to retire llrst m tge.
bonds. V. 90, p. 236. Sinking fund of $2,500 annually first 5 years.
Increasing $2,500 each 5 years thereafter, Is operative on gen. m tge. bonds.
E A R N IN G S.— For year ending Ju ne 30 1910, gross, $730,909; net, $241.­
856. In 1908-09, gross, $532,076; net, $167,928.
ROA D.— O perates 81.86 miles of track. S tandard gauge. O perated by
electricity.— V. 90, p. 236; V. 91, p. 717, 1767; V. 93, p. 666.
(3) The San Bernardino Valley T raction.—A trolley road.
T he Southern Pacific Com pany owns control.
O RG A N IZA TIO N .— Is a consolidation on June 8 1903 o f th e R edlands
Street R y.. the San Bernardino & Highland Electric R y. and the San Ber
nardlno Valiev T rac. Co. Also controls the San Bernardino Intcrurban Ry.
STOCK AND BONDS— Date. Interest. Outstanding. M aturity
Stock. $1,500,000 ($100)..........................................
$1,081,500 .................
New m ortgage, $1,000,000,1 1903 5 g M-S
9:>4,000 Sept 11933
gold, 8 f ($1,000)------c* A rJIntcrcst a t Los Angeles T rust Co., T rustee.
Bonds.—The am ount out Includes a few old bonds still outstanding.
The new bonds arc subject to call a t 105.
R O A D .—Owns 42 miles of track In and between R edlands, San Ber­
nardino, Colton and H ighland, and Including an extension of 6 4 miles to
Arrowhead Hot Springs. 40 to 60-lb. T rail. S tandard gauge.
E A R N IN G S.— For year to Deo. 31 1910, gross, $205,002: n et. $63,790.
In 1909, gross, $183,374; net, $60,185.— V. 84, p. 1114, 1249; V. 86, p. 795;
V .93, p. 667.
(a) Sen Bernardino Intcrurban Ry.
O RG A N IZA TIO N .— Incorporated In California on N ov. 26 1906 to build
Interurbnn lines from San Bernardino, where connection will be m ade w ith
the San Bernardino Valley Traction to Rialto, O ntario, Riverside, R edlands,
Ac. All rights of the traction com pany for a line to Riverside (where con
ncctlon will be m ade w ith the Pacific Electric R y.) were acquired December
1906 and construction has now (1909) begun. All the stock, w ith the excep­
tion of a few shares. Is owned by the San Bernardino Valley Traction.
STOCK AND BONDS— Date. Interest. Outstanding M aturity
$598,000 ---------------Stock. $1,000,000 ($100).................................. --1st m ortgage. $l,000,000i 1907 5 g M-S
None Mch 1 1047
($1 000 ), gold ...................../In t. a t Los Angeles T rust Co., T rustee.
Bonds.—A sinking fund of $500 starts 5 years from date of bonds, w ith
an Increase of $500 each succeeding 6 years.— V. 84. p. 1114
(4) R edlands C entral Ry.
„
„
This com pany, m erged Into the new Pac.Elco. R y., has $110,000 1st 5s,,
o ut of which $17,000 are owned by Southern Paclllc Co.

LOS ANOELES RAILWAY CORPORATION.

Entlro $20,000,000 stock, except directors’ qualifying shares, Is owned by
M r. II. E . H untington.
O RG A N IZA TIO N .— Incorporated In California on Nov. 7 1910 as suc­
cessor to Los Angeles R y., and has acquired all the city narrow-gauge lines
owned by the Pacific Electric R y. and the Los Angeles in tcrurban R y., and
thoso portions of the Los Angeles A Redondo Ry. and the California-Pacific
R y. Co. lying north of an east-and-w est line running through H aw thorne
and A thens, thus com prising all the street railw ay business of Los Angeles.
V. 91, p. 1386. Over 25% of trackage Is on private right of way. All main
line and practically all down-town line franchises extend beyond 1940.
In Dec. 1910 the City Railw ay Co. of Los Angeles was lncorn. ($5,000,000
stock; all owned by Los Angeles Ry. C orp.), for the purpose of building new
lines for the corporation. (V. 91, p. 1766.) H as m ade a $5,000,000 m tge
covering new lines when built.
STOCK AND BONDS— Date. Interest. Outstanding. M aturity.
Stock. $20,000,000..................... ....................................$ 2 0 , 0 0 0 ,0 0 0 ......................
1st A ref. M. $20,000,000 g 11910 5 g J-D
14,500.000 Deo. 1 1940
($1,000) sink, fund ----- cM Los Ang. T ru st A S av. Bank, T rustee.
Los A ng. R y. M. $5,000,000,1 1899 5 g A-O
5,000,000 O ct. 11938
gold ($1,000 each )___ cM In t. a t Union T ru st Co., San F ran ., Cal., T r.
Loa Angeles T rac, 1st m tg c.l 1895 6 g M-N
250,000 May 1015
$250,000, gold ($1,000)__/S t. Louis Union T r. Co., S t. Louis, T rustee.
Los Angeles Trac 1st con M.1 1898 5 g J-D
250,000 Dec 1 1938
gold, $250,000 ($1,000)--- (»St. Louis Union T r. Co.. S t. Louis, T rustee.
City Ry of L A 1st M $5,000,-1 1911 5 F-A
900,000 Feb 11941
000 ($1,000) gold______c* JIn t. a t Los Ang. T r. A S. Bk., Los A ., T rus.
B onds.— Of the 1st A reL m tge., $5,500,000 aro reserved to retire prior
Hens. In t. Is payable a t office of trustee. B ankers’ T r. Co., N . Y ., and by
arrangem ent a t Anglo A London Paris N at. B k., San F ran. Bonds arc not
subj. to call. Bonds have sk. fd. of $10,000 per m onth (Inch s. f. on under­
lying bonds) to be Invested In 1st A ref. bonds a t 105 and Int. or less, or In




67

ELECTRIC RAILWAYS

approved securities; 1st A ref. bonds purchased for s. f. to be kept alive.
V. 92, p. 262. On 30 days’ notice Int. m ay be m ade payable a t th e N at.
City Bank, New Y ork. In t. on both the Los Angeles T rac. Issues paid at
Chase N ational B ank, New Y ork. City R y. Co. of L . A. 1st M. bonds have
a sink, fund of 2% per ann. of prln. am t. of bonds, beginning Ja n . 1 1916.
EA R N IN G S.— Of form er Los Angeles R y. properties for 10 m os. ending
Oct. 31 1910, gross, $3,475,197. For year 1909, $3,785,152.
ROA D.— Comprises 344.29 miles of track; 60, 72 and 87-lb. rails. Owns
630 cars of P-A-Y-K tv pe. Also has 12 open ears for special sum m er use.
O FFIC E R S.— Pres., H . E . H untington; V .-P . A Gen. M gr., H ow ard
H untington; Sec. A T reas., C. A . H enderson.— V. 91, p. 1254, 1386, 1767
V. 92, p. 187, 262, 395.
PACIFIC LIGHT & POW ER CORP. OF LOS ANGELES.
A m ajority of the stock Is owned by M r. H . E . H untington.
Owns all the stock of the O ntario A San A ntonio H eights R R ., th e Men­
tone Power Co. and the R iverside Power Co.; also controls the Southern
California Gas Co. H as contract to purchase stock In the Sierra Pow er Co.*
which has $8,000 bonds out; the M entone Power Co. has $37,000 bonds o u t.
O RG A N IZA TIO N .— Incorporated In California on Jan . 12 1910 as a
rc-Incorporatton of the Paclllc L ight A Power Co. In order to provide addi­
tional capital. V. 90, p. 240. The Pacific Light A Pow er Co. had absorbed
the San Gabriel Elec. Co. and th e San B ernardino Gas A Elec. Co. Sup­
plies power to the Los Angeles R y. Co., the Pacific Elec. R y. Co., th e Los
Angeles Interurban, th e San B ernardino Valley T rac. Co., the Los Angeles A
Redondo Ry. Co. and the R iverside A A rlington H eights R R . Co. and
docs a general lighting and power business in Los Angeles and vicinity
Shareholders voted O ctober 9 1911 to increase the bonded d eb t by
$35,000,000. V. 92, p. 795; V. 93. p. 470. Of the new bonds $12,015,000
will be reserved to retire all existing bonds and $10,000,000 (for new con­
struction) have already been sold to a banking house. V. 93, p. 669.
STOCK AND BONDS— Date. Interest. Outstanding. M aturity.
Common $25,000,000 <$100>__....................................$12,042,500 ........................
1st pf$5,000,000 6% cum ($100).................................... 2,042,500 See te x t.
2d pref $10,000,000 ($100)............................................... 10,000,000
No dlv.
Paclllc Light A Power Co.l 1902 5 g J-J
*8,462,000 Ju ly 1 1942
first m ortgage $10,000,000}In t. a t Union T ru st Co., San F ran ., T rustee,
gold ($1,000)......................c*J or N at. B ank of Com merce, New Y ork.
O ut A San A nt H ts 1st m tge) 1910 6 g F-A
300,000 Feb 1 1931
$1,000,000 gold ($1,000) cM In t. a t Southern T r. Co., Los A ng., T rustee
P ar L t A Pow Corp coll tr Ml 1910 6 J-J
2,418,000 Ju ly 1 1915
$3,000,000 g ($ l, 0 0 0 )._ c* j T rust Co. of A m er., N . Y ., T rustee.
*$2,350,000 ol outstanding bonds were guaranteed, prln. and Int., by
Los Angeles Ry. V. 86. p. 55.
B onds.—Of the Pacific L ight A Pow er Co. 1st m tge., $347,000 are
reserved to retire a like am ount of bonds of th e San Gabriel Electrle
Co.. $1,191,000 have been retired by sinking fund. O nly $2,350,000
of the bonds are guaranteed (p. A 1.) by Los Angeles R y. V. 86, p. 1227.
Bonds cannot bo called. A sinking fu n d commenced on Ja n . 1 1905 of
2% of bonds outstanding for first 5 years and on and after Ja n . 1910 2
until and Including Jan 1 1042, said fund to be Invested In th e bonds at
not m ore than 110; otherwise in other securities. O ntario A San A ntonio
H eights bonds subject to call a t 101 and Int. after 3 years from d ate. Sink,
fund after 1st 3 years. 1% of outstanding bonds for 5 years; thereafter 2%
A Int. on bonds retired. V. 90, p. 1296. P ac. L t. A Pow. Corp. coll. tr.
bonds red. at 102 H on any Int. date. Bonds arc convertible or any in t.
date Into 1st M. bonds of Southern Calif. Gas Co., cither taking a 6% 40-yr.
bond at par or a 5% 40-yr. bond a t 90 Bonds are additionally secured by
deposit of $4,000,000 So. Cal. Gas Co.. 1st M. bonds. See description of
bonds and properties In V. 91. p. 1769.
Dividends on 1st pref. arc paid a t th e rate of 6% per annum .
P L A N T .—G enerates electricity for light and power. Present generating
capacity, 70,000 h.-p. W ater power, also steam p lant, In Los Angeles.
Has 13,500 h.-p. plant on Kern R iver, 125 miles from Los Angeles. Two
separate transm ission lines running the entire distance arc used. H ydraulic
plants a t Azusa, a t San A ntonio, a t M entone and at Riverside. 55.000 h.-p.
steam plant a t R edondo. V. 86, p. 55. Also owns O ntario A San A ntonio
H eights R R ., which operates 14.91 miles from O ntario through Upland*
to San A ntonio H eights and from U plands to Pom ona.
O FFIC E R S. - Pres., William G. Kcrckhoff: V .-P., H. E . H un tlnrto n,
C om pt., A. N . Kem p; Gen. M gr., A. C. Balch.— V. 86. p. 55, 671, 1227;
V. 1)0. p. 240. 032, 703; V. 91, p. 155. 1769; V. 92, p . 795; V. 93. p. 40$,
470, 536, 609.
(a) Southern California Gas Co.
P ac. L t. A Pow . Corp. owns a m ajority of the com m on stook.
O RG A N IZA TIO N .— Incorporated In O ct. 1910 In California and took
over the property of the Dom estic Gas Co.; also property of R iverside L ight
A Fuel Co. form erly owned by So. Cal. Edison Co.
STOCK AND BONDS—
Date. Interest. Outstanding. M aturity.
Com mon, $6,000,000 ( $ 1 0 0 ) .................................... $6,000,000
..................
...............Pref. $4.000,000($100)6% cum ..................................
None
1st M $10,000,000 g ($1,000)1 1910
M-N
See te x t
1950
sinking f u n d ............ .............J T ru st Co. of A m er., N . Y ., trustee.
31.000 S e p t.11923
Riverside L t. A Fuel Co..................... ...............
BONDS. -S outhern California Gas first m ortgage bonds arc subject to
call in and after 1915 a t 105. Interest payable in New Y ork. Sinking fund
sufficient to retire over tw o-thirds of issue before m atu rity . $4,000,000 of
bonds have been pledged as security for Pac. L it. A Pow er Corp. coll, tru st
bonds and $ 6 , 0 0 0 ,0 0 0 arc reserved for future .additions and betterm ents.
PLA N T .— Owns a m odern gas plant, 4,000,000 cu. ft. capacity per d ay.
195 miles of m ains.
O F F IC E R S .— Pres., W . G. Kcrckhoff; Seo.. L . M. Farnham ; Treas. A
C om pt., A. N . K em p.—V. 91. p. 1777.

LOUISVILLE, KY.

LOU ISV ILLE TRACTION CO.—A holding com pany.
O RG A N IZA TIO N . -Incorporated In New Jersey on Ju ly 5 1903, and
acquired practically all of the stock of th e Louisville R y. Co H olders of
common 6tock of Louisville R y.. on paym ent of $55 In cash, received three
shares of new com mon stock n exchange for each share of old stock held.
H olders of the old preferred stock of the Louisville R y. received share for
share of new preferred, w ith a bonus of 20% In com mon The new com ­
pany provided the Louisville R y. Co. w ith needed m oney to be used for
im provem ents, the railw ay com pany Issuing $1,100,000 com m on stock
therefor. See V. 79, p. 968. In April 1907 authorized com m on stock
of the T raction Co. was Increased from $12,000,000 to $15,000,000. V. 84,
p. 931. In April 1908 preferred stock was Increased from $2,500,000 to
$3,500,000 and the additional $1,000,000 offered to stockholders a t par, all
of which was taken.
The old Louisville R y. Co. was Incorporated Jan . 22 1867. and Is a Ken­
tucky com pany, owning all the street railw ays In the city of Louisville and
Its suburbs. It has $5,500,000 common stock and $2,500,000 preferred
stock, practically all owned by the Louisville T raction Co. Franchisee
are partly for 99 years and partly perpetual.
The Louisville A Interurban R y. has been organized In the Interest of
the Louisville R y. to construct a system of urban and Intcrurban lines. It
has been authorized to borrow $3,000,000. Up to Jan 1912 no securities
had been issued except $3,746,000 stock (Increased to th a t am ount in A ug.
1911) to Louisville R y. Co. In Ja n . 1911 the Louisville A Intcrurb an R R .
acquired the Louisville A E astern R R . (all of whose bonds, construction
notes, receiver’s certlfs., Ac., and about all the stock, was owned by Louis­
ville A Interurb an). sold a t foreclosure on Jan . 3 1911. V. 92. p. 59. 262.
STOCK AND BONDS— Date. Interest. Outstanding. M aturity.
Common. $15,000,000 .......................
Q J $11,889,700 Jn u ’12, \ %
Pref., 5% cum .. $3,500,000 --------^ „ A O
3.500.000O c t*11,2 J4%
Louisville R v gen m tge, gold.l 1910 5 g 1*-A 2,000,000 Feb 1 1950
$ 2 0 ,0 0 0 ,0 6 0 ($ 1 , 0 0 0 ) ..........J In t. a t Fidelity T ru st Co., Louisville, T rustee
Louisville R y. cons M.. gold./ 1890 5 g J-J
6.000.000 Ju ly 1 1930
$6,000,000 (listed N Y) c M Interest payable by Scllgman A Co., N. Y.
I Fidelity T rust Co.. Louisville, T rustee.
Louisville R y 2d m tge, $2.- I 1900 4 H g M-S 2.000.000 Mcb. 1 1940
000.000. g ($ 1 .0 0 0 )..........- l in t , a t Colum bia T r. Co.. Louisville. T ru stee.
Bonds.— $8,000,000 of the gen. M. bonds of 1910 arc reserved to retire
prior liens: the rem ainder Is for extensions and Im provem ents. Bonds are
not subject to call.
D ividends.—On T raction pref., 5% per annum . On com. th e first sem i­
annual dividend, 1 ^ % . was paid O ct. 1 1904. In 1905, 3 % . In 1908,
4 % . In 1907, 4 % . In 1808, 3 % . In 1909, 4 % . In 1910, 4 % . In
1911, Ja n ., 1%; A pril. 1%: Ju ly , 1% ; O ct., 1 % . In 1912, Ja n ., 1% .

68

ELECTRIC RAILWAYS

RO A D .— Owns 165 miles of track on 72 H miles of street, w ith 13 H miles
autslde city lim its: all Is electric. AITords entrance Into Louisville for the
Louisville A N orthern R y. A L ighting Co. and Louisville & So. Ind. T ract.
Co. The Louisville A Intcrurb an operates 102 miles of track In Jefferson
C ounty, w ith extensions to L a Grange and to ShelbyvIUe.
LA TEST E A R N IN G S.— Of Louisville R y. for 6 m os. ending June 30:
Gross
Net
Other Fixed PJ.D lv. Com. Dnl.,
i M os. Earnings. Earnings. Incom e. Charges. ( 2 H%) . Divs. Burp.
1911 $1,476,421 $641,747 $85,258 $346,500 $62,500 $272,825 $45,180
1910 . . . 1,421,173 619,245 67,905 313,917 62,500 272,825 37,908
R E P O R T .— Of Louisville Railw ay Co. for flscai years ending Dec. 31.
Annual m eeting th ird week In F ebruary.
Year—
1910.
1909.
Year—
1910.
1909.
Gross e arn s__ $2,899,464 $2,702,923 Interest p aid . $436,649
Net (aft. taxes) 1,028,790 918,449 D iv id en d s___ 670,650 $385,385
O ther Incom e. 178,256
169,278 B al., surplus. *99,747 670,650
*31,692
•In 1910 there was deducted bond discount $16,000; deprec’n, $30,000 and
aocldent reserve $35,000, leaving $18,747. In 1909, $25,000 was deducted
for accident fund, leaving $6,692.
O FF IC E R S .—-P res., T . J . M lnary; V .-P., A . P. H um phrey; Sec. and
Treas.. Sam uel Hoyle. V. 88, p. 375, 506, 564, 686, 823; V. 90, p. 107;
172, 503, 977, 1101; V. 92, p. 59, 262, 322; V. 93, p. 105, 164, 408.
IND IAN APO LIS & LOUISVILLE TRACTION C O —A trolley road.
Receivership. —I n f on first m tge. bonds having been In d efau ltsln ce O ct.
1908, Judge Anderson In Federal C ourt a t Indianapolis on Ju ne 22 1911
appointed John E. Greeley of Scottsburg, In d ., receiver. V. 93, p. 44. In
Yiay 1911 bondholders had agreed to a proposed reorganization plan provldng for the organization of a new com pany having $1,200,000 stock, one-half
of w hlch'to be 6% cum . pref. and a $1,500,000 5% 30-yr. 1st AI. bond Issue.
For term s of exchange of securities of old com pany for new com pany se­
curities, see V. 92, p. 1310.
O RG A N IZA TIO N .— Incorporated In Indiana In 1905 under the general
railroad laws. Franchises In cities and tow ns are for 50 years from 1905;
rem ainder Is on Drlvate right of w ay.
STOCK A ND BONDS— D ate. Interest. Outstanding. M aturity.
Common, $2,500,000 ..........................
$2,500,000 ......................
Pref. $500,000(5100).................................................
100,000 .....................
tit m ortgage, $1,250,000, g \ 1906 5 g A-O
1,250.000 April 1 1936
($1 .00 ^)............................... c * /In t. a t Colonial T ru st Co.. P lttsb ., Trustee
Second m ortgage, $600,000____
400,000 ----------------Bonds.— On 1st m tge. bonds a sinking fund of 5% per annum of gross
earnings com mences April 1 1916. T hey arc subject to call on any Int. date
at 105 and Int. $400,000 2d m tge. bonds were Issued In lieu of coll, tru st
dotes of 1907. V. 89, p. 1668.
E A R N IN G S.— For year ending Dec. 31 1911, gross, $131,768; n et,
$59,562. In 1910, gross, $123,894; n et, $50,353.
R O A D .—40.9 miles of track from Sellersburg (from which point cars
ire run Into Louisville over tracks of Louisville A N orthern R y. A Ltg. Co.)
to Seym our, from which place It enters Indianapolis over the tracks of the
Ind. Col. A South. Through cars from Louisville to Indianapolis were put
In operation In 1908. S tandard gauge; 75-lb. T-ralls.
O F F IC E R S .—Pres., Jerom e H ill J r ., Louisville; V .-P., W m . Fllnn,
P itts.; Sec. A T reas., Jas. O. C hapin, P itts.; M gr., M artin J . Insull, New
Albany, Ind.; S u p t., D. C. W ard, S cottsburg, Ind. General offices,
3cottsburg, Ind .— V. 89, p. 1668; V. 92, p. 1108, 1310; V. 93, p. 44.

LOUISVILLE & NORTHERN RAILWAY & LIGHTING.

O RG A N IZA TIO N .— Incorporated under the general railroad laws of
Indiana In Dec. 1905 $900,000 of the $1,000,000 stock of the U nited
Gas A Electric Co. and $232,700 stock of the New A lbany W ater W orks
Co. are deposited under this com pany's m ortgage. H as purchased the
slectrlcal equipm ent of the K entucky A Indiana Bridge Co., and leases the
bridge for 25 years, thus affording Independent entrance Into Louisville.
Company does electric lighting and express and freight business In addition
lo passenger business. R oad Is m ainly on private right of w ay.
STOCK AND BONDS— Date. Interest. Outstanding. M aturity.
................. .. $3,500,000 ......................
Common, $3,500,000 ................ . . .
Pref, $1,500,000, series A & B ___
Q-J
1.500.000 See text
lit m ortgage, $2,500,000. gf 1905 5 g J-D
500.000 Dec. 1 1925
($500 and $1,000)______ c*( In t. a t A m er. T r. A Sav. Bank. Chicago,
l T rustee, or a t Eliot N at. B ank. Boston.
Bonds.—Unissued bonds can only be Issued for 80% of cost of property
built or acquired. Arc subjeot to call a t 105 and Int. V. 82, p. 868.
Stock.—T he Series A pref. stock la 6% cum ., the Series B Is cum . and
is entitled to 2% In 1906, 3% In 1907, 4% In 1908, 5% In 1909 and 6% In
1910 and thereafter.
Dividends. — Dividends from Ju ly 1 1906 on both classes of pref. stock
nere paid a t rates called for up to April 1909, when
was paid on both
jlasses; sam e am ount q uar. since to and lncl. Ja n . 1912.
R OA D —O perates 20 miles of track , Louisville to C harlestown, w ith a
line branching off a t W atson and running to Sellersburg. A t Sellersburg
connects w ith the Ind. A Loulsv. T raction Co., running to Seym our, where
connection Is made w ith the Ind. Col. A So., thus form ing a through line
between Louisville and Indianapolis. The line from Louisville to Charles­
town will form p art of a through line betw een Louisville and Cincinnati.
S tandard gauge. 70 lb. T rail.
O FF IC E R S.— Pres., Sam uel Insull, Chicago; V .-P. and T reas., R . W
?Valte; Sec., F . J. S tratton ; Gen. M gr., M artin J. Insull.— V. 82, p. 509, 868

(1) United Gas & Electric Co.

O RG A N IZA TIO N .— Incorporated In Indiana In 1902 and acquired the
New A lbany Gaslight A Coke Co., New A lbany Light, H eat A Power Co.
Jeffersonville Electric Light, H eating, Gas A Coke Co. and Jeffersonville
Light A W ater Co.; also controls the Louisville & Southern Indiana Traction
Co. Does entire gas and electric-lighting business In New Albany and
Jeffersonville, and supplies also P o rt F ulton, Silver Grove and Clarksville.
Franchises. 45 years In New A lbany and 50 years In Jeffersonville from 1902;
In o ther towns from 20 to 40 years. G uarantees the $250,000 first m ortgage
bonds of New A lbany S treet R y. Co.
STOCK AND B O N D S— Date. Interest. Outstanding. M aturity.
Stock. $1,000,000 ($100)............................................. $1,000,000 ......................
First m ortgage $750,000 ($ l.-f 1902 5 g J-J
711,000 See te x t.
000) g o ld .............................c*( Interest a t A m erican T rust & Sav. Bank,
l Chic., T ru s., and a t E liot N at. B k., Bost.
First consolidated m ortg ag e] 1904 5 g J-J
110,000 See tex t.
$1,500,000 gold ($500 a n d )ln te re st a t American T rust A Savings Bank
$ 1.000)................................. c*J Chic., T ru s., or at Eliot N at. Ilk., Boston.
Notes $500,000 6% gold ($1.-1 1907 6 F-A
470,000 Aug 11912
000, $500 and $100)..........c jln t. a t C entral T r. Co. of ill., C hic.,Trustee
Bonds.— $711,000 new consols are reserved to retire a like am ount of
first 58; $122,000 arc reserved for future betterm ents and Improvem ents,
$519,000 are deposited to secure th e note Issue and $38,000 have been
retired. Both Issues m ature serially from 1907 to 1942, but the bonds of
1902 m ay be called after July 1 1912 at 105 and Interest; the new consols
after Ju ly 1 1924 a t 105 and Interest. See V. 79, p. 2458. The 1907 notes
are secured by 110% of the 1904 consolidated m ortgage bonds. Can be
called a t 101 and Interest on 30 days’ notice. Unissued notes are reserved
for future Im provem ents. V. 85, p. 1460.
E A R N IN G S.— For years ending Ju ne 30. Fiscal year changed In 1910
from M ay 31 to Ju ne 30. Figures for 1910 include 13 months.
1911.
1910.
Gross earnings...............................................................................$299,309 $305,629
O perating expenses and tax es................................................. 192.921 188,011
N et earnings...............................................................................$106,418 $117,618
In te re s t--------------------------------------------------------------------- 66,175
66,484
B a la n c e ........................................................................................$40,273
$51,134
O FF IC E R S.— P res.. Sam uel Insull, Chicago; V .-P . and T reas., R . W.
Waite; Sec., F. J . S tratton ; Ge n. Mgr., M artin J . Insull; S u p t., J . W.
D unbar. V. 80, p. 1236; V 81. p. 1704; V. 82, p. 871; V. 85, p. 737, 1466
(a) Louisville & Southern Indiana Tract ion Co.
O RG A N IZA TIO N .— Incorporated In Indiana under the G eneral R ailroad
Laws In 1903, and Is successor to the Southern Indiana Intcrurban Railway
Co. Leases the New A lbany S treet Railw ay Co. for 25 years from A ug. 1




(V O L . LX XX X 17.

1903 (with privilege of renewal for 25 years) a t a yearly rental of $500, th e
Int. charges and taxes and divs. of 4% on $100,000 preferred stock. V. 77.
p . 769. In Sept. 1904 acquired the Highland R R . for $10,000 In bonds;
V. 79. p. 1643. In Dec. 1905 acqulied the Jeffersonville City R y. See V.
81, p. 1792. Is controlled by the United Gas & Electric Co., *blch see
above. Franchises owned are for 50 years: also perm itted to carry freight
STOCK AND BONDS— Date. Interest. Outstanding. M aturity.
Common, $2,000,000 ( $ 1 0 ) .......................................... $2,000,000 .........................
Pref 6% cum . $1,000,000 ($10) .................................
434.980 _____ _____
First m ortgage $1,000,000 1903 5 g M-S 15 1,000,000 Sept.15 1923
gold ($500,000 and $1,000) ^Int. a t Amer. T rust & Sav. Bank. Chicago.
c* ------- ----------------------------j and U . S. T rust Lo., Louisville, Trustees.
New Albany S t. R y $250,000/ 1902 5 F-A
250,000 Aug. 1 1927
($1,000) guar prln A Inter] Int. a t U . S. T rust Co., Louisville, trustee.
Bonds.— No sink, fd., b ut bonds arc subj. to call after 10 yrs. a t 105 A Int.
See V. 77, p. 769, 2339. T he New A lbany S t. R y. bonds are subj. to call on
any Int. dato a t 105 and Int. and are guaranteed by U nited Gas A Electric.
ROA D.— Operates 33 miles of track. Including 10H miles leased from
New Albany Street R y., and also line between New Albany and Jefferson­
ville, and city lines In Jeffersonville. An extension to Louisville was com­
pleted In Sept. 1905. Has a contract with “ Big Four” RR. for the use
of Its bridge over Ohio River and w ith Louisville Railway Co. allowing Its
cars to enter Louisville. Has erected an Interurban term inal on Third St .
Louisville. Girder rails, 90 lbs., T rails 75 and 7 7 r* lbs.
O FF IC E R S.— Pres. Samuel Insull, Chicago; V .-P. and Treas., R . W
W aite; Sec., F. J . S tratton ; Gen. M gr., M artin J. Insull.— V. 81. p. 1792

LOWELL, MASS.

LOW ELL <5c FITCHBURG STREET RY.—A trolley road.
D efault.— D efault occurred In paym ent of Interest on Ju ly 1 1908. In
June 1909 a protective com m ittee of the Lowell A Fitchburg Electric Co
undertook to raise funds to pay off floating debt of Lowell A Fitchburg St.
R y. See V. 88, p. 1560. Only a small part of debt, however, has been paid.
In May 1911 the bonds and stock of the Lowell A Fltchb. S t. R y., which
were deposited as collateral for $550,000 bonds of the Lowell A H tchburg
Electric Co., were sold to protective com m ittee of the Electric Co. bond­
holders. V. 92, p. 1565.
O RG A N IZA TIO N .— incorporated In M assachusetts In 1903.
STOCK AND BONDS— Date. Interest. Outstanding. MnturUv
Stock, $275,000, $109..................................................
$275,000 .....................
First m ortgage. $1000,000/ 1906 5 g J J
275 0 0 .) Jan . 1192*
„ gold ( $ 1 000 ) no s f ..............] In t. a t Un. Sec. L .I.& T r. Co. P hlla.. T rust.
C urrent liabilities June 30 1911............................ .........
64,777 ___________
Bonds.—Are subject to call a t 105 and Interest on any Interest date.
E A R N IN G S.— For year ending Ju ne 30 1911, gross, $83,006; net, $14,­
390; other inc., $65: charges, $15,888; deficit, $1,433.
R O A D .—O perates 14 miles from Lowell, where It connects w ith the
Lowell system , to A yer, where connection Is m ade w ith the Fitchburg A
Leoralnster Street R y. Also a branch, about 5 miles, from N orth Chelms
ford to W estford. 9 cars: l snow-plow.
O FF IC E R S.— Pres., Jam es W . Green, Ayer; See., O Parsons, Ayer;
T reas., Jerem iah W ood.— V. 83, p . 38; V. 88, p. I860; V. 92, p. 1178, 1565.

McALESTER, OKLA.

CHOCTAW R A IL W A Y

&

L I G H T I N G CO.

O RG A N IZA TIO N .— Incorporated In June 1905 as successor to the
Indian T erritory T raction Co. and Choctaw Electric C«. Does a freight
business and furnishes power for lighting. Light and power franchise
perpetual; railw ay franchise expires In 1942.
STOCK AND BONDS— Date. Interest. Gutstanding. M aturity.
Stock, com ., $750.000......................................................... $740,900 ......................
Preferred, $250,000.............................................................
248,500 .....................
1st m tge. $1,500,000 goldl 1908
5 M-S
906 000 Mar. 1 1938
($500 and $1,000)-------------/M cA lester T rust Co.. Trustee.
Bonds.— In terest Is payable a t Colonial T rust A Sav. B ank, Chicago.
N at. City Bank, N. Y .. and M ercantile Trust Co., St. Louis. Bonds are
subject to call after 1913 at 105. Rem aining bonds m ay be Issued, under
certain restrictions, for additions and acquisitions. V. 88, p. 1619.
E A R N IN G S.— For calendar year 1010, gross, $197,905; net ,$63,11$
1909, gross, $167,767; net, $74,290.
R O A D .— O perates In cities of McAlester and H artshorne, and an inter
urban, over private right of w ay, between the two cities. 23.26 m . of track
S tandard gauge; rail, 66-70-lb. T . 12 passenger cars, 7 other cars.
O FF IC E R S.— Pres., W illiam Busby. McAlester; V .-P. A Gen. M gr., L . K
Fischer, S t. Louis. Mo.; T reas., C. W. Dawicy; See. A A ud., B. It. Stephens.
M cAlester.— V. 78, p. 2334; V. 80, p . 2458; V. 81, ». 264; V. 86, p. 546
V. 88, p. 1610.

McKe e sp o r t , p a .

PITTSBURGH M cKEESPORT & WESTMORELAND RY
R e c e iv e r s h ip On Nov. 14 l o ll on application of the T raction M aterials
Co., In which Vico-Pres. I. I. Robertson Joined, Jam es B. Seorlst was a p ­
pointed receiver. V. 93, p. 1387. An issue of $30,006 re t. otfs. Is proposed
O R G A N IZA TIO N .— Incorporated In Pennsylvania in 1906, and on
Ja n . 29 1910 took over the P lttsb. A W estmoreland Ry. Co. (V. 90, p .l l l ) ,
exchanging, bond for bond.w ith the exception th at the coupons for 3 years
from Dec. 1 1908 were rem oved and placed with a fiscal agent for collec­
tion or cancellation, as the case m ay be, depending u p tn the sufficiency of
earnings. All but about $2,500 bonds (out of total Issue of $350,000) have
been exchanged.
Franchises perpetual and perm it the carrying of freight and coal.
STOCK AND BONDS— Date. Interest. Outstanding. M aturity
Stock, $2,000,000 ($50)................................................... $500,000 ......................
1st m ortgage $2,000,000 gold/ 1906 S g J D
431.600 Dec. 11936
($500 anti $1,000)--------- c*]In terest a t H arrisburg T rust Co., T rustee.
Bonds.— Bonds have no sinking fund, but are subjeot to call a t 110 and
Int. on and after Dec. 1 1916.
V. 89, p. 994.
RO A D .— R uns betw een Irw in and M cK eesport, abo u t 11 miles, using
W est Penn R y. Into M cK eesport. Road from M cKeesport to W est New­
ton, via Irw in, aud an extension from W est Newton to H erm lnle expected
to be In operation In 1911. Gauge, 5 ft. 2M Inch. 70-lb. T rail and 73 and
90-lb. girder. •
O FF IC E R S.— Pres., M anning Stlres, M cKeesport: V .-Ps., I . I. R obert­
son, W est N ew ton, and Andrew Peck, Bklyn, N .V .; T reas., Georgo D .Cook,
71 B roadw ay, N. Y.; Sec., A A sst. T reas., Geo. B aehr, W est N ewton.
— V. 87, p. 1421; V. 88, p. 565; V. 89. p. 094; V. 99, p. I l l ; V. 93, p. 1387.

MAOON, GA.

GEORGIA LIG HT. POW ER & RAILW AYS—
O R G A N IZA TIO N .— Is a voluntary association form ed under Mass,
laws In 1911. H as acquired practically all the com . stock of M acon Ry. A
Light Co., practically all the coin. A pref. stocks of Macon Gas Co. and $2,­
000,000 [of the $4,000,000J stock aud $450,900 uetes of tba C entral Georgia
Pow er Co.
............................
STOCK AND BONDS—
Date. Interest. Outstanding. M aturity.
Common. $8,000,000 ($ 1 0 0 ).................................... $ 6 ,0 0 0 ,0 0 0 .....................
Pref.,$2,000.000 6% n -e .($ l0 0 ) ..................... .............
190,000 ---------------F irst lien m tge., $6,500,000/ 1911 5 M-S
3,355,000 Sept 1 1941
gold ($1,000).................o*A r[N ew York T rust Go.. New York, T rustee.
Block and Bonds.— Pref. shares are callable a t 110 and are pref. as to prln.
A cllv. The rem aining 1st lien bon^ls are reserved under careful restrictions
for acquisition of other securities and for extensions and tm pts. Bonds ar«
secured by deposit of all the securities owned by Ga. L t., Pow. A R ys. Red.
a t 105 on any Int. date on 30 days’ notice. P rln . A Int. payablo a t office of
A. B. Leacli A Co., N . Y., or Bank of Sootlaud, Londen. A nnual sk. fd..
$50,000. 1916 to 1920; $75,000. 1921 to 1925. and $190,000. 1926 to 10 40.
V. EA
93.R Np.IN1532.
G S.— For year end., ^O ct. 31 1911 (Maoaa R y.A L t.an d M acoi
Gas Co.), gross, $624,197 net, after taxes. $216,437; tatorout, $67,516:
surplus, $190,921.

P R O P E R T Y .—Through controlled com panies operates entire electric
railw ay electric light and power and gas business In Macon; also a substan­
tial electric power business In Forsyth and Griffin. It was cxpectecl In
Dec 1011 to deliver electric power in A tlan ta, Jackson, Barnesvllle and
T.O F M 0 E n S .- P ™ “ "p'miIpeG. Gosslcr, N . Y .- V . 03. p. 1533, 166jL(1) M acon Railw ay & Light Co. • ‘ ■ J *1'' © J 'l * * ‘ ’ ' * * ' —
Practically entire com . stock Is owned by Ga. L t., Pow . & R ys.
O RG A N IZA TIO N .— Incorporated In Georgia on O ct. 2 3 10 0 2 by the
Railways & l ight Co. of America as a consolidation of the Macon Consoli­
dated Street R y.. the Macon Electric Light & R y., th ?. N orth
Macon Street R y. and the M etropolitan Street R y. The city ordinance per­
m itting the consolidation, passed on S ept. 16 1902, granted a oO-ycar
ranchise. F or term s, see V. 75, p. 733.
STOCK AND BONDS—
Date. Interest. Outstanding. AfaturttyCommon. $900,000 ($100).................- --------------- *«»7,700 Ju ly H . j*/o
Pref., $300,000 ($100) 6 % c u m ------ £ A- O
SSo S
lit.
U acon
Ity * I.t 1st
g J-J
nislee
g, 51,000.000
(* 1cons
,0 0 0 )m. -tgcf
c * \I 1003
n t.a t T ru5 st
Co. of A m erica, N. vY ..TTrustee
Uncon
Elec(£500)
L t* Ity
«
4 p ;.j 00n
“t" ei
Sion ooo
trold1st m tge)
o * fln1801)
t. a t Bowling
Green tT,_i.C
o., N. Y ., ,1tru. ste
B o n d s— M a S Ry & L t. 1st consols arc subject to call on any Interest
d ate a t i 1 0 a m U n t $41,000 bonds, 52,300 com . and 510,200 prof, stock
!?o held by S avannah T rust Co. to retire the 542.500 bonds rem aining out.
Sten7cideniS— 8% per annum has been paid on preferred 1903 to 1911 In­
clusive On com . fs t div.— 3% —paid Ju ly 1010; S ep t., 1 H % : In 1011.
Ja R'6 A D .— 0Jw ns'and operates about 32 H miles of track , all of which has
been re-laid w ith 70 lb rails.
■r e p o r t — For years ending Dec. 31;
Calendar dross
Net
In t.& D iv. on D iv. on
Other D al.,
vf, 7 r , — earns earns.
taxes. p f.{ 6 %) common. exp.
surp.
1910
5443 853 3207,431 368.900 517,019 (4^)530,947 523,273 $58,295
I S I S ------389 595 178,618 67,499 17,016 .................
10,828 83,275
U i,ri?7 p i;s —Pres.. W. J . Massce; V .-Ps.. M. Felton H atcher and .1. G.
W alker- S c " and T rcas.. M. G. Ogden; Gen. M gr.. J . T . N yhan.— V. 8 6 .
^ 4 2 1 ^ 1 6 6 4 ; V 89. p. 529; V. 01. p. 945; V. 03, p. 1532. w . • ■ _____ _
(?1^g '\N °Z A T 1*ON°.— Incorp. trPtin'. In 1852^ W im form erly Macon Gas.
. W ater Co., b u t In O ct. 1911 transferred Its w ater plant to the city
im i changed nam e to present title. Controls entire gas business of M acon.
K no t eallv all the 5 2 0 0 ,0 0 0 com . and 5300,000 pref. stock Is owned by Ga.
Ct . POW & R ys.— V . 93. p. 942.1537.
I™!, Power** RjSb owns $2,000,000 of stock and 54,500,000 notes.
O RG A N IZA TIO N .— Incorp. In Ga. on Mch. 4 1907 as Illbb I’ow. Co. and
in Jan 1908 changed natno to present title. Began operations Ju ne 1 1911.
STOCK AND BONDS— Dale. Interest. Outstanding. M aturity.
sstnpu *4 non ooo
____ _____ __________ $ 4 ,0 0 0 ,0 0 0 ---------------Mortgage,’ $3*,000’d00* gold f 1908
5%
3,000,000 M ay 1 1938
(See V. 88, p. 1 1 9 9 )............ \ W indsor T ru st Co., New Y ork, T rustee.
Notes
__ ____ _ __________
4 50,000 - - - - - - - - - Hands.—in t. on bonds Is payable a t office of A . B. Leach & Co., N. Y .,
•r Bank of Scotland. London. SubJ. to call a t 105 and in t. for 8k. fd. or
any or all a t co’s option on any Int. day beginning M ay 1 1913. Sk. m .
•f P1%
outOwns
beginshydro-elec,
In 1913. pV.lan88,
p. 1199. 1 6 ,0 0 0 elW. h .p .) on
R OofP Ebonds
R T Y .—
t (capacity
•cm ulgee R iver, near Jackson. Transm ission lines extend to M acon,
ayth and Griffin. Extension of lines to Barnesvllle, Jackson and iliom aston Is under w ay.— V. 93, p . 1536, 1670. ti V * * ' ‘ ’ ' ‘
—
• (4) C entral Georgia T ransm isslon'X o.
\ \ ‘ . ' . . .
' ■ O R OILh H Z A T 1 0 n o o n ? .'T n fi “ ff'N o v .,1011 (.took 3 1 0 ,0 0 0 ) to erect
transm ission lines from A tlan ta to eonneot w ith lines of C ent. Ga. 1 ow. Co.
M A D IS O N , W I S .
SOUTHERN WISCONSIN RAILW AY C O —A trolley road.
O RG A N IZA TIO N .—Successor to the Madison * Interurbau T raction Co.,
which WM Incorporated In Jan . 1003. and on Sept. 1 1 90S purchased the
M adisonTraction Co., which was Itself successor to the Madison E leo tr c R y.
exnlre In 1032. 1038 and 1944. and are practically exclusive.
f .STC)CK AND BONDS— Hate. Interest. Outstanding. M aturity
i tlmur T rie°l st'in tge] 1006 B g M :N '
685.000 M a y 'V Io s l
5685 000 gold (51 000) _ c* lin t, a t Citizens Sav. & T r. Co.. Clevo.. T rus.
«en m ortgage, 52,000.000 e \ 1907 5 g J-J
500,000 J u n e 25 1932
(5500 and 51,000)______c*\ In t. a t M crch. Loan 5s 1 r. Co., Chic., trustee.
Ilonds.— Mad. & Intcru. T rac. m tge. was for 51,200,000, b u t m tge. was
closed and only 5685,000 Issued, the balance being canceled. W hole Issue
callable on any Int. d ate a t 102 and Int. on 60 days notice. Originally
Bonds had no s. f., b u t by term s of a supplem ental m tge. 510,000 Is Payable
Auv 20 1912, 516,000 Aug. 20 1913 and 320,000 annually on each Aug. 20
thereafter until m atu rity . V. 92, p. 1566. Of tho gen. m tge., 5685,000 are
fC R OA D 4—Owns f t ’mUes of’standard-gauge track . Including lines In Madl“ and extension to F air Oaks, Elm slde, Lake Park Cem etery and South
UlR B P O R T — Year ending Deo. 31 1911, gross, 3196,303; net after taxes,
shs 5 76 in 1 9 1 0 . gross, 5179,269; net after taxes, 388,225.
' o f f i c e r s —P ies F. tV. Montgomery; V .-P , Dudley M ontgomery
Moo 8: Trcas'.. W arren M ontgomery: S u p t., D . M ontgom ery.— V. 79,
». 501; V. 80. p. 1174; V. 83, p. 06, 150; V. 92, p. 1566.

MANCHESTER, N. H.

MANCHESTER TRACTION. LIGHT & POWER CO.

O RG A N IZA TIO N .— Incorporated In 1901 In New H am pshire and com
the several light, power and street railw ay properties In and acround
Bri.e.
finchcster The com pany owns the Btoek or the M anchester Electric Co.,
which'controls the M anchester Electric Light Co. and tho M anchester Street
Ry -also owns entire 5175.000 stock of the M anchester & Derry S treet R y.
tfJinrhcstcr S t. R y. stock now authorized and Issued, $1,219,500.
Tn Ju ne 1906 M anchester T raction Light & Power acquired the entire
1200 000 (now $240,000) capital stock of trie Gods tailsi Litchfield A Hudson
stre e t Ry (nam e changed In Feb. 1907 to M anchester & Nasljau Street
Ry.) a n d lssu ed $350,000 stock to pay for the sam e and to provide cost of
Im ^ o v em u u s^ j ^ ‘Co^nm authorized the M anchester Trao. L t. & P otjgC o *
»o issue S400 000 additional stock to take over the stocks of the M anchester
k N ashua S t. Ry. and the M anchester & Derry S t R y. At the sam e tim e
the Comm, authorized an Increase of $40,000 In stock of tho form er com­
pany and $50,000 Increase In latter com pany s stock. V. 87. p. 1420.
STOCK*— pl:rp<:tual'
Date. Interest. Outstanding Afafurtfv.
Stock.
$5,000,000
($100).................on°oJ A«Jii
First consol
mtge, $2,000,000,1
1901 5Q-J
g A-O
1 *^5 0 ,000 April 1 1921
gold ($1,000)__________ c*l Interest a t American T rust Co., B oston, Ir
M first
anchester
Electric
Light ColJ 1897 5 g A-O
m ortgage
$250,000__
250,000 O ct. 1 1917
Goffs Falls L ltlh i Hud 1st Ml 1906 5 g J-D
200.000 Ju ne 1 1926
void $300,000 ($1,000)____(In terest a t American T rust Co., Boston, I r .
Man & Derry S t Ry 1st m tge. t 1907 5 J-D
125,000 Deo 1 1927
$ 5 0 0 000 ($1.000). g uar— / In t. a t American T rust Co.. Boston, T rustee.
R o n d s__o f the new first consolidated m ortgage $250,000 are reserved to
retire the bonds of the M anchester Electric Light Co. The Gods
Fain I ltchfield & H udson and the M anchester & D erry S t. R y. bonds
are guar. prln. and Int. by Man. T rac., L t. & Pow er Co.
Ki) VI) - l’he UUIerent roads contrnil- i com prise 64.058 miles of track as
follows- M anchester Street R y.. 41.368 miles; Mnnctu-ster A N ashua St.
R v° (formerly Gods Fads Lltch. & lU u . S t. Ry.) 14.335miles; M anchester
% Derrv St R v., 8.355 miles.
Dividends — FI rut dividend of 3% on July 15 1901, In 1902. 6% ; In 1903
(changed to q u a rterlv ., ? * %: In 1904, 6 % : In 1905, 6 %; In 1906. 7 %; In
1907, &
1908 to 1911 incl., 8% per ann .; In 1912, Ja n ., 2% .
R EPO R T .— Of th e M anchester S treet R y. for years ending Ju ne 30:
Gross
Net. In t.A Tax. •D ividends. surplus.
,«»ift-tl
. ->.$397,519 $93,999 $12,691 (6% )$73,170 $8,138
iX oS.io................. . . 384,798 87,833 12,507 (6% )73,170 2,156
1908-09--------- I I - ____ 359.831 81,179 14,456 (6% )64,233 2,490
• This Is dividend on M anchester S treet R y. stock.




69

ELECTRIC RAILWAYS

JAN., 1 13.]

E A R N IN G S.— Of M anchester T rac., L ight & Power Co. for year end­
ing Ju ne 30 1011, gross, 5485,245; net, 5318,348; other Income. 378,-70,
Interest, &c., 5118,000; illvs., 5224,000; surplus, 554.627.
O FF IC E R S.— P res., E . C. Foster; T rcas., S. Reed A nthony.— V. 87;
1160, 1420; V. 03, p. 1787.

MANISTEE, MICH.

31A N I S T E E L I G H T & T R A C T I O N CO.

Sold.— Interest and taxes being In default, and a receiver having beet
appointed (V. 88, p. 158), road was sold to bondholders com m ittee on
Feb. 15.1011. The com m ittee (V. 88. p. 506) Is considering the advisability
of selling the property a t auction. If this Is n o t done, the com m ittee win
raise sufficient funds to rehabilitate the property and operate lt them selves.
Up to Ja n . 1912 no sale had been m ade.
O R G A N IZA TIO N .— O rganised In 1906 In M ichigan as a consolidation
of the N orthern M ichigan T raction and N orth W estern M ichigan L t. o
Pow er. Docs the gas, electric light and street railw ay business In M anistee, *
Filer City and E ast Lake. Franchise 30 years from 1904.
E A R N IN G S.— F or calendar year 1908, gross, $68,768; n et, after taxes
$19,810. In 1907, gross, $50,522; n et, after taxes, $2,773.
*
ROA D.— O perates 10 miles of track. Gauge 4 ft. 8 H In- 3a to 40-lb.
T and 85-lb. girder rails. 30 cars. O perates a 50-acre park on Lakf
M ichigan.— V. 85, p. 864; V. 88, p. 158.
COAL

BELT

MARION, ILL.

ELECTRIC RY

In 1904 passed Into control of th e S t. Louis Iron M ountain & Sou. R y. Co
STOCK AND BONDS— Date. Interest. Outstanding M aturity
$300,000 .....................
Stock, $300,000 ($100).................................................
EA R N IN G S.— F or fiscal year ending June 30 1911, gross, $47,178; net
$7,383. In 1910, gross, $47,788; n et, $522.
RO A D .— O perates 15.33 miles of track from M arlon to Carterville anf
H errin. S tandard gauge. 52 to 70-lb. T rail.
O FFIC E R S.— Pres., Geo. J . Gould; V .-P ., E . J . Pearson; Gen. Mgr.:
A W Sullivan; Sec., F . W . Irland; T reas., F . M. H ickm an; Gen. Aud.
J . ' g . Drew. S t. Louis; S up t., W . E . M errifteld, Chester.

MARSHALLTOWN, IA.
M ARSHALLTOWN

LIGHT

POWER

&

RY.

O RG A N IZA TIO N .— Incorporated In low« In 1802. Exclusive rigbu
till 1917. R uns electric lighting And gas plant and electric ratlw ar.
STOCK A ND BONDS— Date
Interest. Outstanding M aturU,
Stock,
com . fS500.000)
(3 1 0 0 )................. ..................
5215r?n,°on°oI'P
Pref. 5100.000
cu m ................................
6-7
,100.000 ' See text
1st m ortgage (3130.000)' 1893 6 g J J
*80,000 Juiy 1191»
gold ($1.000)......................c * jln t. a t 111. T r. & s a \ . R k.. Chicago. Trustee.
Stock and Bonds.— Onc-half of the pref. stock bears 7% Int. and one-ball
6% . P ref. Is red. a t 105 and div. Bonds cannot be called.
Dividends.— On pref. have all been paid up to O ct. 1911.
E A R N IN G S.— For calendar year 1909, gross. $111,042 In 1908, grow
$94,146. In 1907, gross. $88,055.’
ROA D.— Trolley track , 4 m. S tandard gauge, 40 and 60-lb. T rail.
O FF IC E R S.— P res., C. D . Jones, Independence, la ., See., S. B. Hove*
Independence, la.; Trcas. and S u p t.. M. Cv. H ovey, M arshalltow n. la

MASON CITY, IOWA.
M A S O N C I T Y & C L E A R L A K E R R . CO.

O R G A N IZA TIO N , ETC.— A trolley road O perated since July 1897
Owns right of way 33 feet wide from Mason City to Clear Lake 9 miles.
Length of line w ithin and between two cities. 18.28 miles. H andles aL
freight coming over Minn. & S t. Louis, Chic. R . I. «Sc P ac., Chicago A N orth
W est, and Chic. G reat W est, railw ays betw een Mason City and Clear Lake.
STOCK AND BONDS— Date. Interest. Outstanding. M aturity
S tork $400.000_____________ ___- - __________ $400,000 ----------- 1st m ortgage $100,000 g o l d - - / -----6 J -J 15
64,000 $3,000 y ’ly
**
l In t. a t 111. T r. & Sav. B k.. Chic.. T rustee.
New m ortgage $1,500,000 g f 1908
6 g J-J
17« 00® tJ ulJ 1 .1041
($1,000) ________ _____ C*l In t. a t First T rust & Sav. B k..C hic..trustee.
Bonds.— Of the new bonds sufficient are reserved to retire old bonds
They have no sinking fund, b ut are subject to call a t 103 on 60 days notice
E A R N IN G S.— For year ending Ju ne 30 1911, gross, $94,130; n et, 540.*
935. In 1910, gross, $76,639; net, $29,006.
_ _
.
O FF IC E R S.— P res., W . E. Brice: Sec. and Gen. M gr., F . J. Hanloo
A ud., G. E . Peck.
^ ______ __

MATTOON CITY, ILL.

A trolley road.
O RG A N IZA TIO N .— Incorp. In Illinois In 1902 as th e M attoon City Ry
and on Aug. 25 1910 changed Its nam e to the above. v * P*
VTT
entire capital stock of the M attoon L ight, H eat & Power Co., said stock be­
ing deposited under the R y. Co.’s 1st m tge. The Power com pany has nc
bonded d eb t. Franchises expire In 1930. R ailw ay franchises in M attooi
and Charleston expire 1960. H as con tract for 10 years from 1910 for city
lighting In C harleston. In Dec. 1908 stock was decreased from $500,IOC
to $330,000.
STOCK AND BONDS.
Date. Interest. Outstanding. M aturity
Stock $330 000 ($100)------------------- --------------- $310,700 ------------- Flret m ortgage $330,000 gold] 1906 5 g J-J
290,000 Sec tex t
($1 ,00 0 )_______________ c* JIn t. a t 1st T r. & Sav. B k.. Chicago, Trustee
TpmDnVflrv notes
- ______ 6%
130,000
—- ————
Hands.—T he 1st m tge. bonds are due $10,000 annually on Ja n . 1 frorc
1908 to 1020, Inclusive, rem aining $210,000 on Jan . 1 19*1. These bondi
areE subject
call For
a t 105
A R N IN GtoS.—
cal.and
yearInt.1910, gross, $141,009; n et, $45,608, fixe*
charges.
$21,086;
surplus.
RO A D .—O perates 15 miles$24,522.
of track In and between M attoon andCharleeton. 70 and 72-lb. T rail. S tandard gauge. Also does electric light an<?
power business In M attoon, Charleston and K ansas.
O F F IC E R S .— Pres., M. E . Sam pscll, Chicago: V .-P ., and Gen. Mgr..
Chas. II. Cox, M attoon; T rcas., R. B . Donnelly, M attoon.— V. 85, p. 6 0 )
654; V. 87. p. 1664; V. 88, p. 52; V. 91, p. 655.
C E N T R A L ILLIN O IS PU BLIC SERVICE CO.—

MAUCH CHUNK, PA.

C A R B O N T R A N S I T C O — A trolley roa d.

O R G A N IZ A T IO N — Incorporated In Ju ly 1908 in Pennsylvania m a re­
organization of the Carbon S treet R y.sold a t foreclosure sale May 16 1908
P roperty Is being Improved by reconstruction, new equipm ent, &c.. In­
cluding the developm ent of Flagstaff P ark on Flagstaff M ountain, which it
850 feet above and overlooks the picturesque Mauch C hunk.
STOCK AND BONDS.— Date. Interest. Outstanding. M aturity
1 st°mtee
SIM?,0 0 0 ___a cn*d( fI n1908
5 ? F -* "
isoiooo A i e 'V m i
$500) gold
t . at M au ch C hu nk T r . C o . , M au ch C hu nk
l P a., trustee
Second m tee 5100.000 gold) 1910 5 e J-D
7 500 Ju ne 1 194f
(3100 and 5500)________ c* f In t. a t Mauch Chunk I r. Co.. T rustee.
bond* m ay "be c a lf e d itjo s and Int* on any fntV da,
after Aug. 1 1813. Second m tge. bonds are red. In any am ount on any Int
^E A ItN IN C lS 3.—-For calendar year 1910, gross, $48,973; n et, 312.371
' ntR O A n — Com prlses’l'2% miles of track; 24 cars. Owns about 425 acre,
of valuable real estate. Including 75 acres on "F lag stafl H eights."
O F F IC E R S __Pres., Val. .Smith. W aynesboro; V .-P ..C . H . L atta. Bcthle
hem : Sec. and Mgr.. J. F . Gelser. Mauch Chunk; T reas., Jno. M. Wolff
W aynesboro.—V. 90. p. 1674.

MAYNARD, MASS.

& H U D S O N S T R E E T R Y . — A trolley road.
O R G A N IZA TIO N .—O rganized In M assachusetts March 27 1901. Aonulred Concord & Clinton S t. R y. I-'c b. 1 1902. On Aug. 25.1011;acqulred
LowclllActoniac M aynard S t.lR y . Franchises perpetual.
- . ...................
CONCORD M A Y N A R D

7i)




ELECTRIC RAILWAYS

I V o i,. L X X X X IV .

71

ELECTRIC RAILWAYS

JA.N., 1912.J

MICHIGAN CITY, IN D ,

, „
f n m m a u t h a n Is s u e o f $ 3 0 ,0 0 0 2 0 - y r . b o n d s t o
r c t l r e b o n d ^ o f 1 U ^ ^ w o U A o J o 'n ^ M a y n a r d S t . R y . V . 9 3 , p . 1 7 8 0 .
C H IC A G O L A K E S H O R E & S O U T H B E N D R Y .
O R G A N I Z A T I O N .— O r g a n iz e d In I n d i a n a D e c . 1 0 0 1 .
STOCK AND B O N D S Date. Interest. O M g n ito Q .^
V1!p ™ “ t„ , , , o n d 3 - R e s t a l l
S t o c k , S 2 3 5 ,0 ° 0 (5 1 0 0 ) - - - -j^ r {A A j
ji 'g j - j "
’ 2 0 0 ,0 0 0 J u l y 1 0 2 2 o wNn oe d s be cy u sr yitin edsi cIna t e h, awn hd ics ho (h a ps uubs leicd t he ex mc e pa ts c c<1
o lla t e r a l o n ly .
STOCK AN D BO N D S—
Date. Interest. Outstanding. M aturity.
' ^ u r o X 20: - ’ ? ; 0-0. 0. - o ° ir ] I n t e r e s t a t V c r . c n T r u s t O o .. B o s . T r u e .
C o m m o n . * 5 ,0 0 0 .0 0 0 ( * 1 0 0 ) ............. ....................................
.............................
N o w m o r tg a g e $ 3 0 ,0 0 0 - - - - - — o so
_ ^>*>0
P r c l . * 1 .0 0 0 .0 0 0 ( 5 1 0 0 ) .0 % n - c - - ------'.OOO.OOU - - - - - - j j j j
" «
S S ? I S m l t a o f t ^ r b V t W c n C o n c o r d . M a y n a r d . A c to n : I t m tg e . $ 6 ,0 0 0 ,0 0 0 (* 1 .0 0 0 ) 1( W1 900 77 I t ®t Fc ^ 5e la n d ^ V u 0s f C o . t &
S to w a n d Itm F s o n ; 7 o p e n a n d 9 c lo s e d c a r s . 2 s n o w p lo w s a n d 1 c o n s t r u e - |
--------------------------------U n t e r c
S o m p m e n T ^ s t : V a V o j o O O . . {c { « 0 S a n rt T« * t O o „ c « . M
*
t l o En Ac Ra rN. I N_G S .— ,F, o__________
„ „g rJ„unnne fin
r y e a r e„n d in
3 0 1 9 1 1 , cgr or os ss s. , S5G033.5,57744: , nneet t, $ 2 4
7 5 0 ; fix e d c h a r g e s . $ 1 3 ,9 1 ,9 ; d lV S . ( % ) ^ 3 2 . 0 0S 0e c^ .,s u r Up lue nsJ.. D e r b y ; T r e a s . .
o r ^ v r n n c 'r ^ ^ ^ h e y ^ r e ^ i f w e c t ^ o
O F F I C E R S .— P re s . C h a s . H . P e r s o n s ;
tu n d o f $ 5 0 ,0 0 0 p e r a n n u m b e g in s A u g . 1 5 1 9 1 7 f o r t e n > c a ^ th e ,‘ 2 r° ° r
K e y e s I l a l l . — V . 8 5 , p 1 3 3 8 ; V . 8 0 . p . 1 1 59 ; V . 8 7 , p . 9 0 ; V . 9 3 , p . 1 7 8 0 .
b o n d s o u t s t a n d i n g u n t i l m a t u r i t y . T h e e q u ip m e n t t r u s t s “ ^ e r 31 c a r s .
T h e y m a t u r e $ 5 0 ,0 0 0 a n n u a l l y M a y 1 5 1 9 1 0 to M ® y 1 5 1 0 nf i , l H a 'm iless bb eetw
tw eeeenn sSoouuttnh uBeennud ua un ud) H a m
M E A D V IL L E , P A .
.
R~ O~ A■ D~ .— O- p e r a te s aa ttoo ttaa ll ooff 0099 «« mm ile
. . . - r A M R P i n n P S P 'O S S T R E E T R Y .— A n e le c tr i c r o a d , m o n d ; r, y, m ile s H a m m o n d to P u l l m a n , o w n e d b y I llin o is C e n t r a l R K ..
M E A D V IL L E & C A M B R Il in
.
d e fa u lte d
V . 9 1 . Is le a s e d to C h ic a g o L a k e S h o r e & S o u t h B e n d . 7 0 -lb . T - r a ll.
Default.— On D e o . 1 1 9 0 9 I n t . o n 1 s t M . b o n d s w a s d c f a u 11e a . R V » *
O F F I C E R S .— C h a i r m a n . I I . P . M c I n to s h ; P r e s ., C a l v a r y M o rris . V - - P 3 9 7 . F i r s t m tg e . b o n d h o ld e r s h a v e ^ n ^ S h n l d e r a ’^ o m m l t t e e d t r e r t l n i I rB, . ^w•. M
le v--e——
la n d -; G e n . MCT..
in u9,b
u7
r ee;; oSceuo., -A
a .. nR .. H
n uo rnr ;, l^u eaM» . , M . H . ’ w i ls o iL C------lfi7
C . N . W U e o x e n ; O p c r . M g r s ., th e W a r r e n B I c k n e ll C o .— V . 8 0 . p . 5 1 , i o r .
420, 1528.
_________
(V . 9 2 , p . 1311) h a s b e e n d ro p p e d .
_________ M aturity.
S T O C K A N D B O N D S .—
Date. interest. O utstanding
$ 3 0 0 ,0 0 0 J u l y 1 1 9 3 2 I
F i r s t m tg e $ 2 0 0 ,0 0 0 ( * * 0 0 ) 1 ^ 0 2 ^ / f r . C o . f P l t t s b S r g h 7 T r u s t c c .
W A L L K IL L T R A N S IT C O .
„ . . . , n 1nn.
O R G A N I Z A T I O N .— I n c o r p o r a t e d In N e w Y o r k o n M a r c h 30 1 9 0 5 a s
B o n d s".— S u b j e c t to c a ll a f t e r 2 0 y e a rn a t 1 0 5 a n d “ t ®r|j} * 1.
t
, n . t u c c e s s o r , u n d e r f o r e c lo s u r e , to t h e M ld d le to w n - G o s h e n E l e c tr ic B y . a n d t h e
d le to w n - B lo o m s b u r g E l e c . R y . S e e V . 8 0 . p . 1 0 5 9 . J 4 2 liR O A D — O p e ra te s ^
>t t r a c k ® M e h '
a n d C a m - wMald
s p la c e d In h a n d s o f r e c e iv e r O c t . . 1 9 0 8 . o n a c c o u n t o f a J u d g m e n t f o r
b u d g e t i n g s . f o r m i n g t b e c o n n e c ti n g !>' J ' b e
n.
d ' ' I n ju rie s o b ta in e d b y a m o t o r m a n , b u t a ll I n d e b t e d n e s s h a v in g b e e n p a id o n ,
7 7 H a n d 8 5 -lb . T r a i l . C o m m e n c e d o p e r a t i n g J a n . 1 5 1 9 0 3
r e c e iv e r w a s d is c h a r g e d A p ril 2 3 t 9 0 9 .
nt,,run
n ^ P i r P R 1? __ P ro s C . G . T e n n is ; V . - P ., G e o . fc>. D a v is o n , o v u ., **■ •
STO CK AN D BO N D S—
D ate. Interest. Outstandtno. M\ raturuv.
T e n n is ; T r e a s .', T . G . S te p h e n s ; a ll o f P i t t s b u r g h . — V . 8 9 . p . 4 2 ; V , 9 1 , p .
? s t m tg e $3 5°00,0 0 (f g o i d j V l b b 'J 1 0 0 5
S j M -F
* 3 0 0 io o o M a y ’
3 3 0 , 3 9 7 , 5 8 9 ; V . 9 2 , p . 1 3 1 1 . ________
$ 5 0 0 a n d $ 1 .0 0 0 ) ....................c m I n t . a t C o r a V M t h T r . C o ., H a r r i s b u r g , l r u s t e e .
N O R T H W E S T E R N P E N N S Y L V A N IA R Y .
Bonds.— $ 5 0 ,0 0 0 r e s e r v e d f o r f u t u r e I m p r o v e m e n ts . A r e s u b j e c t to c a n
1911
a
s
O R G A N I Z A T I O N .— I n c o r p o r a t e d In P e n n s y l v a n i a In M a r c n (a h o ld ^ E A R N M N ^ y.— F o r y e a r e n d . J u n e 3 0 1 9 1 1 , g r o s s , $ 7 3 ,0 7 1 . I n 1 9 0 9 -1 0 ,
M ee aa ilv
llle &
s u c c e s s o r o f t(hh oe M
d v llle
( C o n n c a u t L a k o T r a c . C o .. \ . 0 2 . p . 187
lng00c
ln g c oo mT pp a%n y) .) a, na nd de Iutss cc oo vn ftr o lle d e o n .p a n l e s t h e M c a d v lllc T r a c . C o . J V . 9 2 . Kr r o a d !— O p e r a te s 5 12 .8 4 * m ile s o f t r a c k e x t e n d i n g f r o m M id d le to w n ,
a n d t h e P e o p le s I n c a n d e s c e n t L t . C o ., V . 9 -,, p.^ I 0 o . ^ j j o r(^s c o u _
N . Y . to M ld w a v P a r k . G o s h e n , I n c lu d in g s w i tc h e s , t u r n o u t s , ccc. K a u s
In M e a d v llfo o jfp lr e ^ n *19141"'*I n t e r u r b w franchise p e r p e t u a l
« 5 -lb . T e x c e p t H m ile o n ly o f 8 0 - lb . g i r d e r . S t a n d a r d g a u g e .
n c c tlo n fo r P e n n . H R . S y s te m w i th M c a d v lllc .
M
aturity.
O F F I C E R S .— P r e s , a n d G e n . M g r .. D e V V ltt C . M c M o n a g le ; V . - P . , C h a s .
STOCK AN D BO NDS—
Date. Interest. Outstanding.
A K u n k e l; S e c ., J . F . W e is s , H a r r i s b u r g , P a . ; T r e a s . , W . M . O g le s b y , H a r ­
C o m m o n , $ 1 ,0 0 0 ,0 0 0 ( $ 5 0 ) ...................................................... * l -0 0 0 .0 0 0 —
r is b u r g , P a . — V . 8 0 , p . 9 9 8 , 1 0 5 9 , 1 4 2 5 , 2 3 4 6 .
1 1941
Fhst ’ mortgage?5? ! ,2 m 1ooO? I5Ii
v o id ($ 1 0 0 0 )
- o M I n t . a t C ie V
n tri aSl ST ”r u s t C SS8g8S
o .. N . Y .«. t *r u s t e e o
M I L F O R D & U X B R I D G E S T R E E T R Y .— T r o l le y .
PCc S !° U tI i ° U e " - t - .??!* -!D d a ° C o . T?°. S afe D ep. i T itle In s. Co.,’tru s
O R G A N I Z A T I O N .— I n c o r p o r a t e d In M a s s a c h u s e t ts In ■ pOK O n J u l y
10 1 9 0 2 c o n s o l id a te d b y p u r c h a s e o f e n t i r e c a p i t a l s t o c k w i t h th e M U r o r a
B ondsl—^ f ^ t ^ e ^ t ^ M ^ o f ^ O l if, *$ 15 o !o o i?
r e m a i n i n g bonds a r c f o r im p ts.. extensions a n d acq uisitions u ac< a , s f H o llls to n & F r a m in g h a m S t . R y . I n 1 9 0 7 t h e M ilfo rd I n v ^ t m c n t C o .
a s o r g a n iz e d to f in a n c e t h e f lo a t in g I n d e b t e d n e s s o f t h e M ilfo rd & U x b r id g e .
S r T t l o V . >0ns u b j. to call Sn a n y t a t . d a te r t W ^ g d l n t . b
T n A u g . 1 9 1 0 t h e C o m m . a u t h . a n Is s u e o f $ 8 5 ,0 0 0 b o n d s t o p a y B o a tin g
o f 1 % o f b o n d s o u t b e g in s N o v , 1 1 9 1 3 .
d
e
b t . V . 9 1 . p . 4 6 3 . I n J a n . 1 9 1 1 M a s s . R R . C o m m . ^ t h . a n Is s u e o f
V . 9 2. p . 1033. 1430.
$
1
0 0 ,0 0 0 p r e f . s t o c k , p a r t t o b e u s e d t o r e t i r e $ 8 8 ,0 0 0 o ld p r e f . a u t h . In
g
r
o
s
s
,
$
1
4
0
,3
3
8
;
n
e
t
,
E A R N I N G S .— F o r 1 0 m o s . e n d . N o v . 3 0 1 9 1 1 . I
M STOCK ANDJ BO N D S—
Date. Interest. Outstanding. M aturity.
$ 4 00 .:,5 8 1 . In 1 0 0 9 -1 0 , g r o s s , $ 1 2 2 ,0 3 2 ; n e t , $ 4 9 ,- 3 1 .
a d v llle a n d 16 K a ^ L a k J T S t o c k , c o m . $ 4 4 0 ,0 0 0 ( $ 1 0 0 ) ................................- ....................
R O A D .— O p e r a te s 11 H m ile s fno nf l.t raa c2k-mInlle Me xe te
* t $ '. ? 0 0
le e r^ rn s!
tw e e n M e a d v llle a n d L l nipc sluv iiiA
lllc , to o l ■
vvlt hnDs io
i'en Pteo n nC o nH nRc a• uSty Ls tea ice.
m ! P r e f . *$l 0 0 .0 0 0 ($ 1 0 0 )
1 e1 9 1 8
T______________
o t a l t r a c k , 2 8 m ile s . A t L ln c s v lllo c o n n e c ts w i th t h e 1 c n n . x\i
s
M . HH oo ll.
s m tg e ./ 1898 5 g J - J
ll . && FF rr aa mm .. I1st
11 66n5n,0« 0tH0 n J aTnn is te
$16 5,00 0 ($ 1 ,0 0 0 ) g o l d - . c 1l i n t , a t A “ e r i T ™ s t C o V ,? ° n M
t 1918
7 ° c f F F I C E R S . — P r e s ., H . W . T h o r n t o n . M c a d v lllc ; V . - P . , ’r -] P ( ,r Ilti ? e a d ' ^ lilt.
& U x b . g o ld b o n d s ! 1002
5 g J-J
* 1818
N e w Y o r k : S e c .. W in . G . E d i n b u r g , N e w Y o r k ; T r e a s . , C h a s . I a h r , M e a d
($ 1 ,0 0 0 ) g o l d ............................CM I n t . a t A m e r . T n i a t C o u B 0 » J n A V r u s tc e .
v i n e . — V . 9 2 . p . 1 0 3 3 , 1 4 3 0 . ____________________
Illf I n v e s t C o d e b ( $ 1 0 0 1 _____
6 M -S
i n d S5001
Y a le N a t . B a n k . N e w H a v e n , t r u s t e e .
H ow ls __T h e" M ilfo rd i n v e s t . C o . b o n d s a r e s e c u r e d b y a n e q u a l a m o u n t
o f n o te s o f T h e M n io r d & U x b . S t . R y .
They a re re d e e m a b le a t p a r a n d
M E M P H IS S T R E E T R A IL W A Y C O .
'“ E A R N I N G S * — F o T 'fls c a l y e a r e n d in g J u n e 3 0 1 9 1 1 , g r o s s ,^ 2 1 1 .8 5 3 ; n e t .
A m o r . C itie s C o . o w n s 8 0 % c o m . a n d 8 8 % p r e f . s t o c k .
O R G A N I Z A T I O N .— C h a r t e r e d In T e n n e s s e e o n M a rc h 2 8 1 8 9 5 a n d c o n a f t e r t a x e s . $ 5 9 ,7 6 1 ; llx c d c h a r g e s , $ 2 9 ,7 6 0 ; d l v s . ( c o m ., 6 % , p r e f . , 4 , o ) .
B o lld a te d w i th t h e C i tiz e n s 1 S t . . E a s t E n d S t . . C l tv & S u b u r b a n a n d M e m - S 2 R O A D S— O w n s 3S0 m ile s o f t r a c k , f r o m S o . F r a m i n g h a m t o U x b r id g e a n d
n h ls & R a le ig h S p r in g s lin e s ; f r a n c h is e s r u n u n t i l N o v . 1 9 4 5 . D o e s t h e f ro m M ilfo rd to M e d w a y a n d H o p k l n t o n . A 1 2 -m ile e x te n s io n
e n t i r e s t r e e t r a il w a y b u s in e s s o f th e c i t y . I n c lu d in g s u b u r b s o f B i n g h a m t o n , hrifieri* F o n t r e to E a s t D o u g la s Is p r o p o s e d . A ls o c o n tr o ls L a k e N I p a n u o
R a le ig h S p r in g s a n d S o u t h M e m p h is . I s i d o r e N e w m a n <Sc b o n o f N e w “ a r k
p a s s e n g e r c a r s . 8 s n o w p lo w s a n d 4 m ls o e ll.: 1 3 0 e le c tr i c m o to r s .
0rn e iS lo n V s fa aF a % T -O n S e p t . 7 1 9 0 7 t h e S u p r e m e C o u r t o f T e n n e s s e e H oOlcFoFmI Cb .E NR eSw.—H Pa rveesn.,: JSo ch0n' TW. eMn ad ne slloWn ,I UN lae wm Hs ; a Tv er ne ,MC -o.nJ n- E.. .V W.- I a .,l k eGre. oM. Fil­.
r e n d e r e d a d e c is io n h o ld in g I n v a lid t h e M a lo n e o r d in a n c e p r o v l
rd - S u D t., W . L . A d a m s , M ilf o r d , M a s s .— V . 7 4 , p . 1 3 0 8 , V . 7 6 , p .
c e r t a i n r e d u c e d f a r e s . V . 8 5 . p . 0 5 4 . T h e S u p r e m e C o u r t h a s a l s o , t Is fo
s t a t e d , c o m b in e d t h e c o m p a n y 's f r a n c h is e s In a ll r e s p e c t s , I n c lu d in g r i g h t V . 8 8 , pV 3 7 5 ; V . 9 0 . p . 9 1 4 ; V . 9 1 , p . 4 6 3 . 1 1 6 0 .
t o c h a r g e ll v e - c e n t f a r e .
..
STOCK AND R O N D S Date. Interest. O utstanding
M aturity
O o n i.. $ 2 ,5 0 0 ,0 0 0 ( $ 1 0 0 ) ........................................................ $ 2 ,5 0 0 ,0 0 0
MILLVILLE TRACTION—A trolley road. Outstanding. M aturity.
S T O C K A N D BONDS—
Date. Interest. . $ 1 7 5 ,0 0 0
P r e l . . $ 2 ,5 0 0 ,0 0 0 5 K>, c u jti.,1
r.nft n n o D e c ’l l . 1 *1
( S 1 0 0 ) re d a t ll O & a c o r d l v s j - - - .
I f
« n ris n .in
-u l■y 1 1 9 4 5
J
C o n s . m t g . . $ 1 0 ,UUU.0 0 0 , . \1 0 0 5
5 g _ J -J
8 ,0 0 4 ,0 0 0
1 s t m o r tg a g e $ 4 0 0 ,0 0 0 g o ld ! 1 8 9 4
5 f FA
_ 2 0,8 .0
~ 0 0 ............. 1 9 1 4
($1 .0 0 1 ) e a c h ) ............................o M I n t . a t L a n d T i t l e & T r u s t C o P h l l a . , t r u s t
g o ld
O ils* .o Sldt V n ? ^ K 1n o ^ & T - ’- ? o * |l n t . ^ a t ^ A m . ^ I ^ x ^ N a t . ^ B k ^ [o f N ; Y \ a n d a t • O t h e r d e b t s ” D e c 3 1 1 9 1 0 . . ...............................................
* 8 - )8 8 .............................
B o n d s .— N o t s u b l e c t to c a H .
rr,
g o ld , n o s . , .................................. l “ " i „ - ; ; nV ,tV i;,ir„ n k M e in n h ls . T c n n .
nnrui's — O f t h e $ 1 0 ,0 0 0 ,0 0 0 rt’e w b o n d s , $ 9 0 0 ,0 0 0 a r e r e s e r v e d t(^ r e r , f e
^ W p -e T a S / ^
‘ ^ i T ' s ^ ^ k ^ M f ^ e ’ f u e i a n d a n d to w n C i tiz e n s ’’ v S t R R b o n d s . T h e y a r c In d e n o m i n a t io n s o f $
coupon and
x m n o o r e g is t e r e d A ro n o t s u b j e c t to c a ll. S in k in g f u n d 8 2 5 ,0 0 0 p e r ' h ^ c T n k ^ r T S S S ' & S g
T h o m a s : T r e a s . . D a n ,e l
i i n u T 1 9 1 0 -1 4 ? $ 8 0 ,
, 1 9 1 5 -1 9 ; $ 3 5 ,0 0 0 . 1 9 2 0 -2 4 ; $ 4 0 .0 0 0 J 9 2 5 - 2 9 _ a n d
0 . L e w is
____
m
____ _
1 5 0 0 0 0 1 9 3 0 -4 5 . B o n d s In s in k in g f u n d a r o k e p t a li v e
1 4 9 0 $ 5 0 ,0 0 0 a r e h e ld In s in k in g f u n d .
* D ividends . - - O n p r e f . s t o c k 5 % p a id s in c e is s u a n c e u p to a n d In c lu d in g
LEWISBURO MILTON & WATSONTOIVN PASS.. 1R9 1Y0.—WT hr oi tl tlea ky .e r
10L a te st^ a m tn a s— Foe 12 m o s . e n d . S / p t . 3 0 1 9 1 1 , g ro s s : $ 1 ,8 6 7 ,4 2 0 ; n e t ,
a f t e r ta x e s . $ 0 8 0 ,8 4 3 ; fix e d c h a r g e s , $ 4 7 9 ,7 7 8 ; s u r p lu s , $ 2 0 1 ,0 6 .> .
R E P O R T .— F o r y e a r e n d in g D e o . 3 1 :
Surplus. n v rj-eiT "tV eiccV rT fv s o m e 11 m ile s o f t r a c k b e tw e e n M o n ta n d o n a n d M ifflin Gross tennis. Net after Taxes. Interest. S in$ 2k5. ,7F5und.
$ 1 7 9 ,2 9 3 b u r e a n d to o p e r a t e a lin e In c o n j u n c t i o n w i th s t e a m u s e o f t h a t s e c ti o n o f
0
11110
$ 1 ,8 0 3 ,0 0 8
$ 6 5 1 ,2 0 2
$ 4 4 6 ,1 5 9
2 0 4 .6 0 5 ro a d ,’ “ m n e c tln g w l th p r e s e n t t r o l le y lin e a t E a s t L c w ls h u r g . O n A u g . 1
\ana ---------- 1 7 1 9 .6 0 9
6 3 3 .4 4 5
4 2 8 ,8 4 0
1 7 1 ,5 5 9 1911 b e g a n o p e r a t i n g E d i s o n s t o r a g e b a t t e r y c a r s .
J b o 8 ................ 1 0 2 7 .6 4 8
5 9 2 ,9 9 6
4 2 1 ,4 3 7
.................
1 9 2 ,4 1 1
STOCK A N D B O N D S—
Date. Interest. Outstanding. M aturity.
?
L 6 0 4 .3 8 4
.................
R
a lls 60
R O A D — O p e r a te s 1 1 0 m ile s o f t r a c k In M e m p h is a n d s u b u r b s
tn 8 ()-lb . T a n d 00 to 1 0 7 - lb . g ir d e r . 3 1 0 c a r s .
„
„ „ _ „
n i . 'P i r F H S — -P re s , a n d G e n . M g r., T h o s . I I . T u t w l l e r ; V . - P . . 2 . B .
R e m a l n f n g b o n d s c a n o n ly lie Is s u e d f o r I m p r o v e m c n S a n d c x W r ig h t; B ee a n d T r e a s . . W . H . B u r r o u g h s .— V . 8 5 . p . 0 5 4 : V . 8 8 , p . 5 8 4 . te nBs olonnd ss .—
a t 8 0 % o f c o s t . S u b . t o c a ll a s a w h o le o n a n y I n t . d a t e a f t e r
V .92, p . 118.
___________ ^
__________
PCE A J tN I N G S ^ — F o r 12 m o s . e n d in g l) c c . 31 1 9 1 1 , g r o s s , $ 4 1 ,7 7 3 ; n e t .
$
I n 1 9 1 0 . g ro s s . $ 3 3 ,1 4 6 : n e t . $ 1 5 ,8 7 1 .
R O A D __ 1 0 m ile s o f t r a c k b e tw e e n p o i n t s n a m e d In t i t l e .
M E R ID IA N L IQ H T & R A IL W A Y C O .
O F F I C E R S .— P r e s . J o h n F . W h i t t a k e r : V . - P ., L . G . B r o w n : S e c . *
I n 1 9 1 0 a c q u i r e d b y I I . L . D o h e r ty 6t C o . a n d Is u n d e r g o in g a r e o r g a n lz a T r e a s . . D . L . D ie h l: A s s t . S e c . & T r e a s . . W . B . R a n k i n . — V . 9 0 , p . 1 3 6 $ .
tl< n h f i A N i z ' A ^ O N L “ I n c o r n o r a t c d In M is s is s ip p i In to ol a s a r e o r g a n lz a tm n o f th e M e rid ia n S t R y - O w n s a n d o p e r a t e s th e M e r id ia n G a s L i g h t C o .
V ini's e n t i r e s t r e e t r a il w a y .'ffa-s a n d e le c tr i c b u s in e s s In M e r id ia n , franchises
H e tor SO y in ? 5 f r o m O c t . 4 1 8 9 5 f o r s t r e e t r a i l w a y a n d f r o m D e o
fo r g a s a n d e le c tric ity .
STO CK A N D BO N D S—
Date. Interest Outstandtnff. M aturity. I ? ? tf i ° M T O s y M e n ^ f s u b u r b a n a i ^ l n U n i r b a ^ U n c s ^ u .
C o m m o n $ 5 ,0 0 0 ,0 0 0
*2’^o:<K )0 M ch"'l" 19M I wO ac ou nk oc me Toww o c . W a t c r t o w B0^
MTi’k
n , S.:>
t .'0lV
M a:,.r,\Y,dStiinlkr.**na[.Mu-sa
ti n s , M u s k c g o L a k e s , M
u kw
w oo nnaagvon, ^EEa^s t
5 g M -S
1 8 a n d **$ 1 ^ 0 0 0 )° ° °
{ i n t “ a t C i ty
^ T r . C o ..'M o b B e . T r u s t e e
G e n ratios f $ 5 " .0 0 0 ,0 0 0 g o l d . . 1 9 1 0
6 M -S
S e e t e x t M o h l 1945 | T r o v W a t e r f o r d . R o c h e s te r a n d B u r l in g to n .
1^ [ I m s L 'c u d ^ b y ^ S o u t ^ M l j w r u k e e * ” !
W a u w a to s a .
uon d s . - T h e r e w e r e $ 2 2 5 0 0 0 o f l i n t ) 5 s o u t s t a n d i n g , bh u t tthh easoe h a v e ; b e e n 1 T h e <
d c n o s l t e d a s c o l l a t e r a l f o r t h e n e w 1 s t M . b o n d s o f 1 9 0 4 • , An5„(nk<. 7 / ! i ‘? n
S
llfiw a u k e c ^ \ v “ ^ M ilw a u k e e , W e s t A llis . W a u k e s h a a n d E a s t T r o y .
r rn
c h li i ?lu. u0.0*
o . - . *^ !. 2.!
u u5™u u . K v . i ; f.V
f ' -jV
s h in
ia eir’D
'D e c .. 31
31 1 9 1100 6 1 .6 99 55 I n cc aa nn dd ee sscc ee nn tt l1a m p s . 1 ,5 9 0 h . p . In
t11 %fu o. f n. e. w 1i s t Mi .. ......
b o n d s o u I..
t b e c a m eItifw
o p le r a t IlA
i v em Mlo anrc
rn
iR
o u t s t a n d i n g b o n d s a r e h e ld In s i n k . tu m . B o n d s a r e s u b j e o t to c a ll o n 6 0 W asi f u r n is h i n g w
a n d S 4 0 N e r n s t l a m p g lo w e rs
d a i s 1 n o tic e a t 1 0 5 . V . 9 2 , p . 1 3 1 1 . T h e r e a r e * M 0 0 j 5 0 o f .e e n - m t g e .
‘ , p r a c tic a ll y a ll o w n e d b y T h e
b o n d s I s s u e d , i>f wlVl’c li j i ’a jl .o o o ’do1 n o t b e a r l n t - u n t l t S c p t . 1 9 1 5 a n d $ 2 l)8 .- j . J b ^ ^ f l j i ^ ^ p l T o r n p a n ^ ^ m ^ 'R a l f w Y y ^ 'a n d ' iT d u s trla V '11
o o o a r ec in
In t r e a s u r y . o$ <7 5o 0v ,0
,» u0 u0 ^o f ng ve n» . m tg e . b o n d s a r e r e s e r v e d t t o1 0- r1e7t l r o A5,s8n 8r ll..I? o n 7 .js top -cukhh oo ildd e r s v o te d to in
I n c r e a s e s to
t o c k f r o m $l 1—,0 0 0 ,0 0 0 to $ $ 0 0 0 0 .1 s t M . b o n d s . S in k . f d . o f 1 % o f g e n . M . b o n d s o u t b e g in s S e p t . 1 1 8 1 7
n n o V 8 5 d . 1 6 0 . $ 9 ,0 0 0 ,0 0 0 o f n e w s to c k Is s u e d u p to S e p t . 1 9 1 1 .
E A R N I N G S .— F o r y e a r e n d in g D e c . 31 1 9 1 1 , g r o s s , $ 2 6 5 ,4 o 3 , n e t , a f t e r j rnotrdl Purchased.— In 1 9 0 7 p u r c h a s e d t h e $ 9 ,0 0 0 ,0 0 0 c o m m o n s t o c k o f
M ^ w a u k e c E l e c tr ic R y . & L t . C o . f r o m T h e N o r t h A m e r ic a n C o .
t a x e s , $ 9 5 ,6 6 9 .
R O A D .— T e n m ile s o f t r a c k . 3 0 c a r s .
v r>
T W . w ^ d o n e In o r d e r to m a k e M il. L i g h t . H e a t & T r a c t io n C o . th e
O F F I C E R S .— P r e s .. I t . L . D o h e r ty ; V . - P . . R u s s e ll P a l m e r , V . P .
c o n tr o lli n g c o m p a n y I n s te a d o f T h e M ilw a u k e e E le c . R y . * L t . C o ., a s
G e n M g r .. A . B . P a t e r s o n ; S e c . & T r e a s . . L . G . C o le m a n ; A s s t . S e c .
w a s f o r m e r ly t h e c a s e . V . 8 6 , p . 2 8 6 .
A s s t . T r e a s . , C a rl B . G i lb e r t. V . 9 0 . p 9 1 4 ; V . 9 1 , p .
; V . 92, p . 1311.
,1 1

1 0 1 1

1

M IDDLETOW N, N. Y.

1

? 1

2

1

1

5 ',“

',3

M ILFORD, MASS.

2 0 ,0 0 0

MEMPHIS, TENN.

°4 5

M ILLV ILLE, N. J.

1 ,0 0 0

0 0 0

MILTON, PA.

1 9 0

5 0 7 .2 3 3

1 0 1 ,8 2 2

M ERIDIAN, MISS.

1 4 ,5 5 4

M ILW AU KEE, W IS.

0 0 0




1 9 0 7

3 3 6

ELECTRIC RAILWAYS

72

STOCK AN D BO NDS—
Date. Interest. Outstanding. M aturity
C o m m o n s t o c k , $ 3 0 ,0 0 0 ,0 0 0 .
$ 1 0 ,0 0 0 0 0 0
M llw L t H a n d T r C o 1 s t M g f 1 8 9 0
5 g M -N
5 0 0 0 0 0 0 M aSve e 1t e x t .
g u ar^.O O O .O O O ($ 1 ,0 0 0 ) g c ^ T r u s t C o . o f A m e r i c a . N e w Y o V . T r u s t e e
M M
M o.1
i ! 9,°
g *3 13 r0f,0m0ill0 ,0( 0m0l 9( 23 w1 u, 0w 0n 0* )* (! M
e tr7o p o „8
lit a' n J T‘ Dr . C o .. 6 N,1 .8 9y,0. ,0 0a n Jdu nRea n1d o1 9lp3 h7
™ O ,.
, I
. R o d m a n , T r u s . I n t . a t c o ’s N . Y . o ffic e
i.
,?tn N t
,a lll,5,e E ig h t fIc a t * T r a c t io n C o 's 1 8 9 9 5 % b o n d s
is p a y a b l e a t c o m p a n y s o ffic e , 3 0 B r o a d S t . . N . Y . T h e s e b o n d s m a v be
ft* ? d .,a S * * b °,a a n y *n t a r e s t d a t e . T h e y a r e g u a r a n t e e d , p r in c ip a l a n d
i v e ? f i t ’n b ^ O d ? i0 r S r S efHt * b y T h e M ilw a u k e e E l e c tr ic R a i lw a y & L i g h t C o
•X n iM m iS i « « « k L i ° f i f e ° e w r e f u n d in g a n d e x te n s io n b o n d s . $ 2 .5 0 0 ,o m
C n m m i^ io n ^ n ,V ? h ;! ? iied i ,m m e d l a t e l y . a n d In J u n e 1 0 0 8 W is c o n s in S t a t e R R .
o i? 2 S J ? d n 2
d « S °« ^R artnZ to fs s u e th I s a m o u n t . T h i s w ill r a is e
OOO h a d h e L iT cnn I1 tO. 5 7r:RR0xR00I: VP to S e P t . 1011 $ 1 ,1 8 0 ,0 0 0 Of $ 2 ,5 0 0 ,r a a V h ? S n n i , f $ o ,5 0 0 ,0 0 0 Is h e ld to r e t i r e p r i o r lie n s . T h e s e b o n d s
0 0 0 7 0 0 0 a ? i h R o ? W Il t V ( ,a y *a t y ° a n d I n t . V . 8 4 , p . 1 1 8 3 . F i r s t $ 1 3 .0 0 m lS ; /^ ,r,Pot0
° % , n t c r e s t a n d r e m a in i n g $ 1 7 ,0 0 0 ,0 0 0 n o t o v e r 5 % .
t 0 1 9 0 7 ; " l1 9 0 7 ' 2 % : lP

Bonds. E n t i r e Is s u e o f W is c o n s in T r a c t i o n , L i g h t H e a t & P o w e r C o
mR i5v!er r! Vv a» lle
i Ly hb o, “n d sWa r e s u b j e c ►t "Jttoe rc ca ?,t
ll adt a 1t c0 5 a at n d1 1 I0n t'aenr de s It .n t e r e s t , T h e F o x
E A R N I N G S .— F o r y e a r s e n d in g D e o . 3 1 :
mTn
. . N et' Other Inc. Interest. S u r p l u s .
l a n n " .....................................................H o 5. 1®*® * 1, 1. 1. ' 0.0.8. * 8 ,7 1 5 5 7 1 ,4 0 0 3 4 8 .3 2 0
i o n s ------------------------------------------ 2 9 E J 9 2
1 1 3 ,4 4 2 1 0 ,1 7 9 6 8 ,4 0 0
5 5 ,2 2 1
1 9 0 8 .......................
2 6 5 ,2 9 0
1 0 0 ,3 5 3 8 ,3 7 0
6 8 ,4 0 0
4 6 ,3 2 9

1 0 2 0

1 .1 1

r

^ t^ a n d ^ a u k a n a ^ a n d 's m iles ^ ^ n y ^ A h ^ l t y o^A ppleton^*total^O ^rnU cs*
gtw^V'Neenah.^M ^enas^/a arn d nA^pVetonn ’ H c ea a h o n^ M en ^ sh a a n d ^ u p p lfo i

#r . r 5 i . Mis? s? ko9

MINNEAPOLIS, MINN.
TWIN CITY RAPID IRANSIT.— A n e le c tr i c r o a d .

» ; £ ! u:i^ T r S M s ^ ^ ^ * Lt-Co-

aa ff to
t e ?r ta x e s , ' 5 3 m6 a ,8 8 5 ; o t h e rm ?I 3n 'c oe mn de .- 95 c4 9t -3 ,1310 21; 8 1t o1 .t a gl r oIns sc,o m5 9e4, 3 ,0
5 87621; ,0n4e7t .;
™ ." 5 1 5 0 ,0 0 0 ; s u r p l u s , 5 1 4 9 ,1 8 2 . I n 1 9 0 9 -1 0 , g ro s s ,
f a i s '- m x l f 5 a « e r t a x e s , 5 3 5 2 . 9 3 ; o t h e r I n c o m e , 5 4 0 0 ,0 7 5 ; t o t a l In c o m e ,
5 8 1 8 ,2 6 8 ; I n t . , 5 5 5 2 ,8 0 8 ; d l v s ., 5 1 1 4 ,0 6 0 ; s u r p l u s , 3 1 5 1 ,3 3 4 .
1
R E P O R T . — F is c a l y e a r e n d in g D e c . 3 1 :
„
„
1910.
1909.
G ro s s — R a i lw a y 5 8 6 2 .0 3 1 5 7 7 9 .9 2 2 „T o t a l. I n c o m o . - 3 1 ,31 88140.9. 0 7 5 1 1,192079 . 7 0 3
E l . l i g h t 1 9 4 .7 1 8
1 4 7 ,7 0 3 T a x e s .......................... 7 3 ,9 7 2
64 9 3 4
tea -------- 1 0 8 ,3 1 7 9 2 .7 6 2
T o tal g r o s s .. 3 1 ,056,749 5927,625 IDnctperre eo s., t --------------6
5
6
,4
1
1
6
2 1 ,6 4 0
O p e r . e x p ., R y .
& E l c o . l i g h t - 4 6 2 ,8 8 0 3 9 2 .0 7 8 T o t a l d e d u c t . 5 8 3 8 ,7 0 0 5 7 7 9 3 3 6
S u r p . f o r d l v s . . . 5 5 4 6 ,2 0 7 5 3 4 8 ,3 6 7
N e t e a r n i n g s . 3 5 9 3 ,8 6 9 3 5 3 5 .5 4 7
O t h e r I n c o m e . . . 3 7 9 1 ,0 3 8 3 5 9 2 ,1 5 6
O F F I C E R S .— P r e s ., J a m e s C a m p b e ll: V . - P s ., W m . N C r o m w e ll a n d
C h a s . F . P ils tc r : V . - P . , G e n . M g r ., S e e . a n d P u r . A g t . , J a s D M o r t i m e r
N e w Y o rk ; T r e a s .. G eo . R . S h e ld o n , N ew Y o rk : C o m p C N D u ffy '
A s s t, S e c . a n d A s s t. T r e a s . F . J . I lo e h m : A u d ., G e o . W K a l ’w c lt G e n '
e r a l o ffic e , P u b l ic S e r v ic e B l d g ., M ilw a u k e e . N e w Y o r k 'o M w
B ro a d
S t . . N e w Y o r k C i t y .— V . 8 5 . p . 1 6 0 : V . 8 6 . p . 2 8 6 , 1 0 4 2 , 1 5 2 0
I?,1, e. T l',c, ,'V (jv,h u k c a E l e c tr ic R y . & L i g h t C o . — (S e e A f a n on vane
1
O R G A N I Z A T I O N .— S u c c e s s o r o f M ilw a u k e e S t r e e t R y C o J a n
Iana
p e r p la n In V . 6 0 , p . 1 0 0 9 . E m b r a c e s a ll th e s t r e e t r a il w a y h i e s h i M llw a u '
k e e . E n t i r e c o m m o n s to c k Is o w n e d b y t h e M ilw a u k e e U g h t H e i t 4
T r a c t i o n C o>.. T h e c o m p a n y , b e s id e s Its s t r e e t r a il w a y s y s te m o w n s a n d
? P 5. ™ ‘ eA » .“. e le c trt r l c -dllg
l g h t a n d p o w e r s y s te
t e m . W a s fu
f u rn
r nish
is hlmi n Vg ho n rDwe c s i
1 6 1 0 3 2 0 ,3 5 7 I n c a n d e s c e n t la m p s , 1 2 .6 0 9 h . p . In m o to r s » h7<\" a / r l h r i t l
a n d 5 ,3 6 4 N e r n s t l a m p g lo w e r s . C o n tr o l s 51 Ih v a u k e e C e n tr a l H e a B n tr Co*
o p e r a t i n g a c e n t r a l - s t a t i o n s te a m h e a t s y s te m In M ilw a u k e e
KL "
I n 1 9 0 9 e n t e r e d I n to a c o n t r a c t f o r 2 5 y e a r s to t a k e a s u d d I v o f n n w e r
f r o m t h e S o u t h e r n W is c o n s in P o w e r C o . S e e V . 9 0 , p .
° r pow er
T h e r a il w a y f r a n c h is e s o f t h e c o m p a n y r u n u n t i l b o o
’io a ^
p . 3 9 . E l e c tr ic li g h t a n d p o w e r f r a n c h is e s a r e u n m l te d In ti m e
V‘
0 0 0 .“ VM 933Op 10l17 8 ? h a re h O ld e r3 a U t h ' a " « “ • * t ^ . m t g c .’ f o r ^OO.OOO,3 0

7 0

2 11

3 1

3 7 2

d c ^ ls to n S o f ^ i Ce ? o w e 7 ^ a r ? h o ld 'ln g 9 t h a t Vth e 'c ? ty P fs n o t ^ n 't l t l e d ( % mre'e t h e
3 1 8 7 .5 0 0 f o r lic e n s e s o f 5 1 5 e a c h o n s t r e e t c a r s f r o m T s o r t o l f l 1! o r f? ° X S r
p . 1 6 0 0 . I t Is u n d e r s t o o d t h a t t h e l e g a li ty o f a n e w o r d n a n c e h . „ , V ' , 9 ? '
A p r i l 1911 le v y in g a lic e n s e o f 5 1 5 p e r c a r r e m a in s to b o d e te r m i n e d b ^ t h e
S u p r e m e C o u r t In a p e n d i n g s u i t f o r 1 9 1 0 lic e n s e s .
d p y th l '
n ^ a “ " '! : ,n, - T I ?„o r,d e ,r , t d d c t .c r m l n c ,l l e 3 ~ h c n t f a r e q u e s tio n , t h e W is e R R
• o n J u l y , 10 1 9 1 1 A x e d a g g r e g a t e p h y s ic a l v a lu a t i o n a t
non
“ .A “ °'7. p r o p e r t y a m i p r e s e n t v a l u a t i o n a f t e r d e p r e c i a tio n o f t h e
m ile s
'n t h 5 . 4 y l l 7 'l ‘a * '« 8 -8 5 » -» 3 7 . I t Is e x p e c t e d t h a t f a r e s w m b e
v ” S p ° f i ° tU ta f o r 2 3 c e n ts a n d c o n t |n u a tI o n o f 5 - c e n t c a s h s in g le fa re s !
STOCK AN D BO N D S—
D a te .
Interest. Outstanding. Dividends
C o m m o n s to c k $ 2 0 ,0 0 0 ,0 0 0
Q -M
$ 9 ,0 0 0 ,0 0 0 D e c ' l l , H
( p a r $ 1 0 0 ) ..............................
P r e f e r r e d s to c k $ 4 ,5 0 0 ,0 0 0
Q -F
4 ,5 0 0 ,0 0 0 F e b . ’1 2 ,1 H
6 % n o n -cu m (p a r $ 1 0 0 )..
T h e M llw E l R y & L t C o c o n s
m tg e 3 8 ,0 0 0 ,0 0 0 g o ld
c ( Cn1®9
e n t®r a.,l T8r of s T'JS
t C o .. N c6w,5"0Y0 o,0r 0k 0^ TFneibs t e e1 1 9 2 6
T h e M l, E l R y
7328 O o V r L ^ '' ^ , ' t J l
( 3 1 ,0 ™ o r .. ° : ! 0 0 '.0_0 0 KHc d / T T r a s t e e m p a n y ° ' X ” “
N e w Y o rk
G cn
m tg re s o o .b b o .o o o ) 1011
5 J-D
3 000 000 S ee te x t
g o h l (51
)
------- c ' J I n t . in N . Y . B a n k e r s T r C o N Y T n . s
Stoclc and Bonds. C o n s o ls o f 1 8 9 6 , r e f . a n d e x t . b o n d s o f 1 9 0 6 a n d n r e f
s t o c k a r e li s te d o n th e N . Y . S to c k E x c h a n g e O f ?h^e n e w r e f a n d e x f
b o n d s , $ 6 ,5 0 0 ,0 0 0 w e re r e s e r v e d f o r p r i o r H en s a n d $ 6 ,7 7 2 0 0 0 f o r e x te n
s lo n s . a c q u i s i t i o n s , tec., a t n o t e x c e e d in g 5 1 ,0 0 0 ,0 0 0 p e r y e a r B o n d s a ? e
s u b j e c t to c a ll o n a n d a f t e r J a n .
1 9 1 6 a t 108 a n d P n t e r a t N o s ln k fn g
f u n d , h o c V . 8 1 , p . 1 7 2 4 , 1 7 9 2 ; V . 8 4 , p . 5 0 8 . G e n . & r e f . m tg e . fa lls d u e
D e c . 1 1 9 5 1 , e x c e p t t h a t In t h e e v e n t th e c o m p a n y h a s n o t a c o u i r c d a
ra
d?,™no_hJ
u e o n s.t °h .a? tf t d®a?dt cl.n ® . f 0 5 * 0 0 o r b e fo re D e c . 1 1 9 3 1 , t h e r n C T6 ca St 105
a n d I n t . o n 6 w eeks R en do .tico en . a n My 3I n,2t -. 8d,0a 0t c0 oanr ca nr eds earfvt ee dr Df oerc .p 1r io1 r9 1lie
n s - ren ,.t..li
m a l n l n g 5 7 3 ,7 7 2 ,0 0 0 a r c f o r e(YlBflq
x te n s., Irn
im np tets. an n rld an cn tiu
I M tl___
lo n s T i.t'a____’
n 'o / ‘n f
°o .y th ereof u n d er c erta in restrictio ns. 5!ee V 93. d . 1787
8 0/4 ot
R O A D . T o t a l t r a c k , 1 3 8 .1 6 m ile s — a il tr o l le y . O w n s 4 9 6 c a r s
Latest Earntnos. I n c l . M li w .^ C c a t, I I t g . C o . y e a r s e n d . O c t. :’
N et. alter
other
Bond
Balance,
Year —
. 5, tai 3e,1s .4* 6 7d .6e p8’n2 . 5income.
interest.
surplus.
1 9 1 0 -1 1 ............. - .3 5 , 0n??3;
4
1
,6
5
2
5
7
,5
7
7
5
6
27 760
99
1 9 0 0 -1 0 ............. - - 4 .7 0 0 ,2 3 6 1 ,3 8 2 .4 0 6 2 4 o ! 5 4 6
6 2 7 :7 6 0 $ 1 ,09 99 75 ,4
,1 9 2
A N N U A L R E P O R T . — F is c a l y e a r s e n d in g D e o 31
.
1 D 10.
1009.
1910.
1909.
Gross— R a l lw ’y 5 3 ,7 8 7 ,3 2 3 3 3 .4 6 6 ,6 8 5
Deductions —
L l g h t ’n . 0 0 7 .0 6 9 8 0 0 .8 5 4 T a x e s
................. 3 3 2 8 ,6 0 7 $ 2 9 8 ,7 2 8
r e c i a t i o n ___ 4 6 9 ,4 3 9
4 2 6 .7 5 4
T o t a l g r o s s ------- 5 4 .6 0 4 .3 9 1 5 4 .2 6 7 ,5 3 9 CD oenptin
g e n c ie s __
1 0 ,6 6 9
O p e r . e x p ., R y .
5 4 3 .3 4 5
& L i g h t ................2 ,4 9 5 ,1 2 0 2 ,1 0 8 .2 3 3 I n t e r e s t ...................
5 8 3 1 ,2 7 0 .4 9 6
N e t e a r n ’s . . 5 2 ,1 9 9 ,2 7 1 3 2 ,1 5 9 .3 0 6 S u Tr po .t aflo dr cdd luvc 's. . 3. 15.30 36 69 ,8
.2 4 2 5 9 0 7 ,2 7 8
O t h e r I n o o m o .. 1 0 6 .8 2 9
8 7 ,4 6 8
5 2 3

8 7 7

1 4 7

0 3

86 4

hN
'O r g a n iz e d u m le r th e la w s o f t h e S t a t e o f N e w J e r s e y
J u n e 3 1 8 01 a n d b y v i r t u e o f Its s to c k o w n e r s h ip o f t h e u n d e r l y i n g r - ~
- i ™i i7 ., Cf or: .t Ti h»e Sc.««.t . nP «a..iu l /xh ...
C
T
t h et. ZI h eenMc lni ^n ef a, nf n0Ll“ 8ns 55t»*nr>t
3 S e V u» a.'l
/ y R a ilM in n e a p o lis & S t . P a u l S u b u r b a n
o f M in n e a p o lis . S t . P a u l , S t ll lw a t

D eephaven a t L abe M innetonka, in 1906 absorbed th e N orth sid e s tre e t

C o u 'r? g Ur„ n t° d n A u K - 24 lflU7,' h o w e v e r , J u d g e L o c h r e n o f t h c U . " S , C i r c u it
C o u r t k r a n t . rl a p e r m a n e n t I n ju n c tio n a g a i n s t e n f o r c in g t h e o r d i n a n c e (se e
v . oD , p . 0 3 2 ) . O n J a n . 3 1 9 1 0 (J . S . S u p r e m e C o u r t a f f ir m e d t h e d e c is io n
?l
^ lKi ? e ^ o c h r Vn : T h ,s d e c is io n s u s t a i n s t h e c o m p a n y ’s c la im t o a 5 0 - y e a r
f r a n c h is e f ro m J u l y 1 1 8 7 3 .w ith t h e r i g h t to c h a r g e 5 - c e n t f a r e s . V .9 0 , p . l l l
^ fltle m e n tw W i City of St. P aul .— F o r d e c is io n a s to r ig h t to b u ild n e w
lin e s In S t . P a u l s e e V . 7 9 . P . 2 7 t . 2 0 8 7 , a m i fo r s e t t l e m e n t w i th C i ty o f I "
P a u l b y w h ic h th e c i t y r e li n q u is h e s I ts r ig h t o f a p p e a l fro m t h i s d e c is io n a n d
; m py . 1 1 7 0 . t o p a y n t o t h e c l t y t r e a s u r y a g ro s s e a r n in g s t a x o f 6 % ,
"I™
l c uv . ” '£
o il.
u i S ' T ' T 0 ," ,A t r " ^ , lt,0 1 1, J u d y c W ill a r d In U . S . D I s t. C o u r t a t
M in n e a p o lis d e n ie d t h e a p p lic a ti o n (V . , p . 1 6 3 7 ) t o r e s t r a i n t h e e n fo re e m e n t o f a n o r d in a n c e d ir e c ti n g t h e c o n s tr u c tio n o f 9 H m ile s o f e x te n s io n s
t h a f ^ i h e ^ h i l T n * 5 ' — I ie c a u s c o f a d e c is io n o f t h e S u p r e m e C o u r t h o ld in g
t h a t s u b u r b a n lin e s , a s r a il w a y s , a r e a m e n a b l e to t h e M in n e s o ta %
e a r n in g s t a x . It w a s d e c id e d In M c h . 1 9 1 0 to I n c o r n n A te th e
& S t . P a u l S u b u r b a n R R . (5 1 .0 0 0 .0 0 0 s to c k In c r e a s e d t o S A n n o rinri ie
J a n 91 R d e b t li m it w a s a ls o In c r e a s e d to 5 1 0 0 0 0
- V
° n ° i8 r.
t h e M in n e to n k a tc W h ite B e a r N a v ig a ti o n C o (S P R o m in
'V,
0 2

4

0 0 0

1

3

1

1 1 . 7 3 6

5 2 7 ,0 7 6

n e t In O -5 2 .3 0 6 ,1 0 0 5 2 ,2 4 6 ,7 7 4
•
p r § e n e d n s ii^ e R F e h larif l n ! f r t e n y d lv l d e n d s o ( 1
h a v e b e e n p a id o n t h e
kw .
! 9 0 0 - 0 n t h e c o m m o n s to c k In 1 9 0 3 , 4 % ; In 1 9 0 4
® % : In 1 9 0 7 , 6 % ; In 1 9 0 8 . 6 % ; In
6 % : In 1 9 1 0 , 6 ‘
O F F IC E R S .
10 0 9

eral oHIce. P jKtlclervIce

HN?w Y ^ k o f n c ^ O B ^ d

9 2

r pt l 5 oh a n d l « 1
a ^ ' y fo r . r C i n T M
i ^
p™u r p ro ns e s2 M «
St o c k a n d b o n d s —
note
Interest. Outstanding. M aturity.
Twin City Rapid Transit —
C o m m o n s t o c k , $ 2 2 ,0 0 0 -1
0 0 0 ( p a r $ 1 0 0 ) .............
r
5 Q -J
$ 2 0 ,1 0 0 ,0 0 0 J a n . *12 1H
P r e f e r r e d s to c k , c u m u la ti v e !
$ 3 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) ..
f 1 8 95 7 Q - J
3 .0 0 0 .0 0 0 J a n . T 2 ,1 H
M inneapolis Street Railway C o __
S e c o n d m tg e g o l d . . . _c* A r 1 8 83
6 g M -N
6 0 0 .0 0 0 N o v . 1 1 9 13
F i r s t c o n s M g $ 5 ,0 0 0 0 0 0 c* 1 8 8 9
5 g J-J 1
4 .2 0 8 .0 0 0 J a n . 15 1 9 1 9
St Paul C ity Railway Co.—
F i rr8s t m tg e o n re a l e s t a t e & J 1 8 8 2
6 g A -O
2 2 4 .0 0 0 A p ril 1 1 9 3 2
--------■ E x c h a n g e a b le a t 105 fo r H is t c o n s o l id a te d .
F l r a t co n so ri
£ !o St™ ! ! SOl, 7 ' t!re * ° ;1,1............. '8 8 4
0 g A -O
4 5 6 ,0 0 0 O c t . 1 1 0 3 4
v f w f™ ," r i /J ! d 8 !5C/ V I! 'A ^ u V 6,I! A ^ _ * K J J 15 S ' 7 0 S 0 0 0 J a n - 1 8 1 9 3 7
1S! e i I ^ . . * 8 0 9 i‘.HI2 : E u a r b Y j .1 8 9 9
5 g M S _
5 0 0 ,0 0 0 S e p t . 1 1 0 24
I f l n n S f CA s f T p a U®tC T f v ° ^ ,n t ,! r e ’ t * ' 5 c " t r a l‘ T r u a t'‘ ' G >' N . Y . , T r n s te f i.
J ° n n n « ? n’n n w i'T ^ * !«?I0 0 0 .‘L 191,3

1

0 0 0

IV O L . LXXXX1V.

5 k A -O

9 ,8 0 7 .0 0 (1 O c t . 1 1 9 2 8

a t F a r m e r s ' ^ lo a 'n '^ fe ^ l'ru s t S m ! N e w <Y o r k ? SUC ° f 1 9 ° 3 ' ' " terC S t ,S p a y a b l e
,tnr‘urt
v 7S S ’ in a o ! * f to,,:k h n l; h 'i s w e n - g iv e n a t p a r 5 1 ,5 0 1 ,0 0 0 a dn d iyV
tio n a l
d o c k (V . 7 4 p . 1 0 3 9 ). In J u n e 1 9 0 3 5 1 ,0 0 0 ,0 0 0 a t p a r (se e V
im l
o u t s t a n d i n g J to e k l i O r i o H u o ' ^ ^
V ' 8 2 ' P l 2 8 9 ’ ' T b ls la 3 t n l a k ’a
( l K % d 'h a v e b'e'lli
' " ‘• '" d in g J a n . 1 1 9 1 2
in , t sdi V.ld fnn , i
? , w " * p a lrt o h t h e 'c o m m o n
s to c k In A u g . 1 8 0 9 ; In i im
W. V 3
Jp " 1 ■ 3 1i % ; In 1 9 0 2 , F e b . , 2 % ;
g crl t o q u a r t e r l y a n dLI1
* •• p a |d M "V 1 9 0 2 ; At uu rg ... i .1 m %. ;■ Nv o v ., .1 H. % ,'
5 Ve. n o r n m i i i m ' I n m m
J a n . , 1H % :
AA pDr irl .V 1VHk%T ,' JT?olUSl
u |y , 11V£
J ^'.?
% ;%r.Per
O c t . , annum:
1 ^ % ; Inln 11010.
9 1 2 , J6%
a n Inl M1911
fi.'
t n ? M l n h e a n , f . ! ,c y y ^ l »« f< w ‘ ^etlurnv C o . J o in tl y a m i s e v e r a lly w i th
V v e a r n r s n m !;,S„ ,
& M in n e to n k a R a ilw a y C o ., Is s u e d * 5 ,0 0 0 ,0 0 0 5 %
5 6 7 0 o o o a r e h e m In
c. n,,> i,l'I* te d m o r tg a g e g o ld b o n d s , o f w h ic h
f ”a i L ™ " a i r2 « 5 S 15 » !P u » s t b y t h e F a r m e r s ' L o a n & T r u s t C o m p a n y to
EP* ” t b f *
p r io r lie n b o n d s . S e n s t a t e m e n t to N e w Y o r k S to c k
h ^Tc hi . a. n g e In,, J u n .e. . 1 hob Th»»
iS ma r e a■ lls's o ulisss............................
tec id In L o n d o n V .6 0 ,p .1 1 4 9 .
1,1 tcuonnasoo iT
8 0

9

9

5

8 0 0 .0 0 0

i 1,^ '
L, itut Hallway Co hns .ssueo $4
*rtld<itrd bonds (In c lu d in g $ 680,000 h e ld b y th e

cable can-

.000 5 % 50 y e a r
F a rm e rs ' L o a n <*. T r u s t Co
tru s te e , to redeem th e $ 680.ooo p r io r Hen T ^ n d s a b o v e ! ffrr.Tt fix e d b v th is

?d ee rnf yS iinn gp a bnnfV«0
n­
b o n d s ra
c a0n00h
n b e b up tu Pt yo utht o. J°xlQ
V . t 7c7o, n sp*. m2t2^8e1- . o f P10a ^r t3 o f tlf uirr at hn e mr hu iA
c o n s o ls ($1 1 3 8 .0 0 0 ) a r c g v ia r. ( p . & I.) b y e n d . o f T w in C ity R a p id T r a n s i t
£ ? • 1o^ e ® 8 t a t e m e n t to N . Y . S t k . E x c h . In J u n e 1 8 9 5 . V . 6 0 , p .
Of
l n n n / T r S' ^ U f ' , n f t b e . S t ' P 2 UJ c l t y - * 2 2 ''-0 m i a r e h e ld b y ' t h e F a r m e r s 5
L r u * , * , ? h * e x c h a n g e d f o r t h e * 2 2 4 .0 0 0 fir s t m tg e . b o n d s .
1 1 5 0

n t'th

*

n " !!1 n u d Up.

19 ’ .
?™
! '
m
's<
c o n s o lid a te d m o rtg a g e o f
‘
i *nf *:vsu o f th e M in n e a p o lis S tre e t R y . a n d th e S t. P a u l C lt v R v •
m ra M i t 9 0 ° “ m ? m trCSC^
fo r T 7 c o n s tr u c tio n , a d d itio n s a n d I m p r o v e
S
i , “ co.0 , * OV ° ? 5 : p°228r i a n * 2 3 4 o f . e n d o ra c m e n t■ bY T w in C ity h a p ld
C o nsists o f 3 8 3 .4 3 m ile s o f tr a c k , In c lu d in g fo u r ln t o r u r lm n llno«
S n il!S f> j? !n f£ e bus,nesl c c a trc s o f M in n e a p o lis a n d S t. P a u l, an I n t e r u r b M
to n k a
S W m la r°dn gC
aCu i'i't
P a u la l, d S tillw a te r , a n d lin e s t o L a k e M ln n e -

I m h r d d e d 'in nc o n c r e ? e ew a s ° u s e d .c ,t le s ° ° ' , b ' T r a " " • « > » a >d a d p > ln t' a p d

a

n cl t v *2
E S JSZ.

hTin o

f e t h r ir ie s

.

P

l/ aa<a

at

r r,n.
ni
w a te r-p o w e r
S t. A n th o n y 's F a lls (ca' ‘ p ' 1• W hich p o w e r Is n o w used In c o n ju n c tio n w i t h n o w rr

. s l i ' v 6a 'n pP °7, 04r P l“ n t l ° n lr ‘ t , i a ° n t l r " , n " w a y a y s t“ ,n lD

^ m °S. e n d . N o v . 30 1911, gross, $7 141 ooa
n e t. $ 3 ,6 1 1 ,6 6 7 ; I n t . . ta x e s ,
$ 1 ,3 5 6 ,3 7 2 ; s u rp lu s , $2,255,295 .’
I,U88

& c.,

linn ^V 9. 29 2U, ^p L. 7^ 9?3 ,P s«<hh oo mw i’~
in g F,SCa,
r e s u ltlsy oe an r t Vn
h e d es n Dt i reec ’ p31
r o *p e rRt ye P aosr t fof ollor w1 s9:1 0 w a s

Revenue
passengers carried
v

....................14o!o80,'.555 l s s ^ o ' s i l i j s ' l h l ' i s s
T ra
44 124 296
- a nn ss ffee rr nassv»ntrpra
p a s s e n g e r s onwrio/i
c a rrie d . . .
4* 80 ,8o.w
13 6aXS
7 7

3 9 .8 3 0 .2 2 5
* 0 ,3 3 3 ,2 9 7
4 5 ,1 2 0
6 6 ,2 1 3
5 6 ,9 6 9 ,7 7 8 5 6 .3 9 9 ,5 1 0
Operating
expenses.....................
jx son9 'n,7797
9 7 $ 2 ,9 8 6 ,1 0 7 3 2 ,8 8 2 ,2 8 2
In s u ra n c e ............................................. ~ .. *$ 3 ',4 0sa
4 8 ,0 n0 n0
4 8 ,0 0 0
4 8 .0 0 0
.
2 0 9 ,9 0 5
2 6 0 ,5 2 0
2 3 5 ,7 7 4
T o t a l o p e r a t i n g ___________
. $ 3 ,6 6 7 ,7 0 2 $ 3 ,2 9 4 ,6 2 7 5 3 ,1 6 6 .0 5 6
N e t e a r n i n g s ____________
, $ 3 ,8 6 3 ,9 4 7 $ 3 ,6 7 5 ,1 4 9 5 3 ,2 3 3 ,4 5 4
p t o S ^ r a l W o fft R f iS ? “ ts e ? , v ! r# i : M 7 7 0 * " 11 r ° ‘ I n t e r e s t a n d t a x e s ___ 1 1 1 1 1 1 1 1
$ 1 ,4 6 6 ,3 9 4 $ 1 ,4 6 0 ,5 2 7 5 1 ,3 5 9 ,3 6 3
D i v i d e n d s o n p r e f e r r e d ’ sto c ’k "(7 % ) ”
2 1 0 ,0 0 0
sF ti r| ™
m )? r . . n a !!
outZ T } Z
h ta tu n ,v - D iv id e n d s o n c o m m o n s t o c k .............(6 >1 ,2 0 6 ,0 0 0 ( 5 >4) 1 ,025150,2,0 50 00 (5 )1 ,02 01 50 ,0.0 00 00
s t 3^ nMo r tAg ?a ?g oe o, B m
$ 3 ,0 0 0 , 0 0 0 / 1 9 0 1
5 g J-J
1 ,1 2 0 ^ 0 0 0 J u l y "
1031
$ 2 ,8 8 2 ,3 0 4 $ 2 ,7 3 1 ,7 7 7 5 2 ,5 7 4 ,3 6 3
F oMx s'nS iv
e ’r S?..1. ” 0 a 9 ". M - O ^ f n t .'i t ls5't gS. av
. & T ric o r/M,0 0B0 wA.^pTr ilru1s 1te9e21, B a l a n c e , s u r p l u s T
• $ 9 4 3 ,3 7 2
S 3 5 0'X S r. X! f nen wJ ’ r.it, m t g e / . _ , 0 0 ,
u k A - 0 . _ a3 o5 u0 .o
o u A p ril 1 1 9 2 1 —
............................................................................ • $ 9 8 1 ,5 5 3
’*$568 5 9 ,0 9 1
0VR o i 0NNI 7 ^ T m M C T t i )^ ' l-,0MT h e a t & P O W E R C O .
A i f i lo n n
1 s c o m p a n y w a s I n c o r p o r a t e d a t M ilw a u k e e In
w lt h a n o m in a l c a p i t a l o f $ 1 0 ,0 0 0 ( s in c e In c re a s e d to $1
)
f o r t h e p u r p o s e o f u n i t i n g c e r t a i n p r o p e r tie s In t h e F o x R i v e r V a li e v '
g g g S I j 2 h t 0 * 0 pJ5w evP^ H lv ".,‘ Y 'd lc y E l e c tr ic R y . a m , t h c \ ™ Z
i
A P < > ^er C o ., a n d h a s c o n s o l id a te d t h e m . In S e n t
R d r c b " e d e n t i r e c a o t a l s to c k o f t h e F o x R i v e r V a lle y G a s tc " le c t r lo L ig h t
IlliT
i r f i l h m ' o i n ’ w " " 1!1,’, , p r i n c i p a l a n d I n t e r e s t . S e e V . 7 9 . n 7 8 7
l i t m tg e b o n d s o f 1 9 0 L V . ^ l f ^ T m . a U t h ' c o m P a n y t0 ' s a 9 « * 5 0 0 ,0 0 0
0 0 0

0 0 0

R e c e ip t s f ro m t r a n s p o r t a t i o n ________I 3 7 ,4 8 l '6 9 6
R e c e ip t s f r o m o t h e r s o u r c e s .........................
T o t a l r e c e i p t s _________________________ . $ 7 ,5 3 1 ,6 4 9

36,’9241650

4 9 !9 5 3

1 9 0 4

0 0 0

1

A S * ® * ®




‘T ”4

- a'

73

ELECTRIC RAILWAYS

JAN ., 1912.]

O F F I C E R S .— P r e s ., C a l v t a Q . G o o d r ic h ; V . - P . . W . . J . H l e l d ; IS e e . A
C o m p .. E . S . P a t t e c ; A u d ., D . J . S tr o u s c ; T r e a s . , E - A . C r o s b y , G O T. M g r ..
H o r a c e L o w r e v .— V . 8 7 , p . 1 4 8 0 ; V . 8 8 , p . 5 0 7 , 8 8 7 ,
,
, V. 80, p.
1 5 43 ; V . 0 0 , p . 5 4 , 1 1 1 , 5 0 4 , 8 4 2 , 85 0; V . 0 2 , p . 1 00, 3 2 4 , 7 0 3 , 1037.
7 1 4

7 5 0

MOBILE, ALA.

o p p i c f r s __ P r e s H e n r y R . R e a , P i t t s b u r g h , P a . ; V . - P . , E d w a r d E .
D u l l , P i t t s b u r g h , P a . ; S e e . & T r e a s . , O. G . S c h u l t z , M o r r is t o w n ; A c ti n g
G e n . M g r .. A . G llf llla n , M o r r is t o w n .

M OUNT HOLLY, N .

J.

BURLINGTON COUNTY TRANSIT C O — T r o l le y .

O R G A N I Z A T I O N .— I n c o r p o r a t e d In N e w J e r s e y o n J u l y 1 1 9 1 0 . a»
s u c c e s s o r t o t h e B u r l i n g t o n C o u n t y R y . C o . V . 9 0 . p . 1 6 1 2 . S to c k a u t n .
a n d I s s u e d . $ 1 2 0 ,0 0 0 ( $ 5 0 ) . N o b o n d s .
r ._
1010
E A R N I N G S .— F o r c a l . y e a r 1 9 1 1 . g r o s s , $ 6 4 ,1 0 8 ; n e t , $ 6 ,5 0 7 . I n 1 9 1 0 ,
g r o s s , $ 5 9 ,3 1 7 ; n e t , $ 4 ,7 8 1 . I n
, g r o s s , $ 5 7 ,8 6 5 ; n e t , $ 6 ,3 4 1 .
* R O A D .— A b o u t 1 5 m ile s o f t r a c k f r o m B u r l i n g t o n , t h r o u g h M t . H o ll y
a n d H a i n e s p o r t , t o M o o r e s to w n . 6 0 - lb . T r a i l . G a u g e , 5 f t .
O F F I C E R S .— P r e s ., I . S n o w d e n H a in e s ; V . - P ., A l b e r t H a i n e s , S e o . &
T r e a s . , A r m l t t H . C o a te ; M g r .: J o h n M . S m i t h .

M O B I L E L I G H T & R A I L R O A D .— T r o l le y .
O R G A N I Z A T I O N .— A c o n s o l id a tio n o n S e p t . 1 1 0 0 1 Of t h e M o b ile L i g h t
A R a i lr o a d a n d t h e M o b ile S t r e e t R R . ; t h e f r a n c h is e s o f b o t h c o m p a n i e s
w e r e e x te n d e d o n S e p t . 12 1 0 01 t o M a rc h 12 1 9 o 5 . S e e V . 7 J , p .
.
I n J u l y 1 0 0 0 t h e M o b ile E le c . C o . p u r c h a s e d t h e e le c tric a l g U t p l a n t o f
t h e c o m p a n y a n d u n d e r c o n t r a c t o f p u r c h a s o p a y s t o t h e M o b llo L t . & R R ,
s e v e n t y s e m i- a n n u a l p a y m e n t s o f 3 1 1 ,4 6 4 .
STOCK AND nO N D S—
Dale. Interest. Outstanding. M aturity.
S to c k $ 2 ,2 5 0 ,0 0 0 (p a l $ 1 0 0 ) _ _ ------------------$
0 0 0 S e p 1 1 .2 > 4%
F i r s t m o r tg a g e g o ld ($ 1 ,0 0 0 ) .7 1 8 0 7
5 g J-D
4£ ° 4 ? n l i fJ c ] >y V UY
M U S K E G O N , M IO H .
l i n t , a t F a r m e r s L o a n A t r u s t Co., n . J .
MUSKEOON TRACTION & LIGHTING CO.
M o b llo S t r e e t R R f ir s t m tg c f 1 8 0 3
8 g M -N
M ay_1 1023
I n J a n . 1906 a lm o s t th e e n tir e s to c k w a s a c q u ire d b y th e A m e ric a n L ig h t
g o ld . $ 3 5 0 .0 0 0 .........................oM F a r m e r s ' L o a n & T r u s t C o ., N . • . T r u s t e e .
K
l I n t e r e s t a t N a t i o n a l C i ty B a n k , N e w Y o r k
, a n d It
C o n s o li- d...................
a t e d m o r t g a g e , g -oeld'U! n 1t 0c 0r 1c s t a5t gN eMw -SY o r k T1 .4r u2s8t .0C0o0.LNS e._p yt . 1. 1i r9u4s: . * O R G A N I Z A T I O N .— i n c o r p o r a t e d In M ic h ig a n o n M a r c h
a c o n s o l id a tio n o f t h e s t r e e t r a i l w a y , e l c c t r l c - l l g h t a n d g a s c o m p a n l e s o i th ©
($ 1 ,0 0 0 ) $ 2 ,2 ................
5 0 ,0 0 0 ____ ( r i i u i c r c s f c o k i i c n xvtm.
Bonds .— O f t h e $ 2 ,2 5 0 ,0 0 0 m t g e . , $ 7 0 0 ,0 0 0 r e s e r v e d f o r p r i o r l k n s $ , c i t y . I n D e c . 1 9 0 5 s t r e e t r a i l w a y f r a n c h is e e x t e n d e d u n t i l J a n . 1 9 1 9 3 1
a n d t h e g a s f r a n c h is e f o r 5 y e a r s . S e e V . 8 1 , p . 1 7 2 4 .
0 0 0 a r e In t r e a s u r y o f c o m p a n y ; b a la n c e , $
,
, h a v e n o t b e e n c e rtlllc a .
City Light Plant.— I n N o v . 1 9 1 1 S t a t e S im r e m c C o u r t a f f i r m e d t h e d e ­
E A R N I N G S .— F o r c a l e n d a r y e a r 1 9 1 0 , g r o s s , $ 5 7 9 ,8 1 8 . I n 1 9 0 9 , g r o s s .
c is io n o f t h e C i r c u it C o u r t (V . 9 2 , p . 5 9 5 ) t h a t t h e c i t y h a d t h e > r i g h t t o
* 5 4 8 ,5 2 0 ; In 1 9 0 8 , g r o s s . $ 5 6 3 ,7 2 8 ; In 1 9 0 7 , g r o j s , * 6 1 4 ,7 4 4 .
Dividends .— I n i t i a l d iv i d e n d — H % — A u g . 1 1 9 0 9 , In 1 9 1 0 . J u l y , M /o . Iysesau re cboonntdr as cfto fr o cr ocni tsyt r us tcrtei oe nt l oi gf hat s me ux np icir inip ga l Inl i gJ hu tn Pe l 1a 9n 1t 1 ().t h e Vc o. m9 3p,a pn .y 1s 3 5 7 -.
|D B O A D J &no — O w n sJ 58U 19 m ile s r t t r a e k In M o b ile a n d e x te n s io n s to M a g a - C i ty , h o w e v e r . Is n o t b u ild in g I t s o w n p l a n t . C o n t r a c t f o r li g h t s h a s b e e n
e ln o P o i n t , S p r in g H i ll, W h i s t l e r a n d M o n ro e P a r k . C o m p a n y a ls o o w n s r e n e w e d , b u t n o t w i t h M u s k . T r a c . & L t g . C o .
STOCK A N D BO NDS—
Date. Interest. Outstanding. M aturity
" M o n ro e P a r t " a n d w a te r p o w e r a n d 320 a c re s of la n d .
OFFICERS.— Pres., J. H. Wilson; V .-P., J .W . Whl ting . Sec. and Aud., S to c k $ 0 0 0 ,0 0 0 ( $ 1 0 0 ) ....................................................- ...............
5 6 0 0 ,0 0 0
S ee te x t
6 3 .0 0 0
P r e f e r r e d $ 1 0 0 ,0 0 0 0 % c u m ------------ r 6
M . W . G lo v e r; T r e a s . , C . W h i t e S p u n n c r — V . 8 6 , p . 1 5 2 9 .
F i r s t m o r tg a g e $ 6 0 0 ,0 0 0 g o ld f 1 9 0 1 5 g M -S
6 0 0 ,0 0 0 M c h 1 1 9 3 1
( $ 1 . 0 0 0 ) ..............................................( I n t e r e s t a t W y o m i n g V a lle y T r u s t C o .,
l W ilk e s - B a r r e , P a . , T r u s t e e .
R O C K IS L A N D S O U T H E R N R A I L W A Y .— A n e le c tr i c a n d s te a m r o a d .
Bonds.— M a y b e c a lle d a f t e r t e n y e a r s a t 1 0 5 .
O R G A N I Z A T I O N .— I n c o r p o r a t e d In I llin o is u n d e r t h e s t e a m la l lr o a d
D ividends. — O n p r e f . s to c k 6 % y e a r l y f r o m 1 9 0 2 to d a t e .
R O A D .— O w n s 15 m ile s o f r o a d a n d s e r v e s a s a te r m i n a l f o r t h e o r a n a
la w o n A p r i l 2 5 1 9 0 5 . H a s p r i v a t e r i g h t o f w a y b e t w e e n c it ie s a n d th r o u g h
R a. n* ld s _ G r a ln_ dx - HI —a v1Ie„ n„ » .,<1
& M u s k e g o n R y . , w h ic h o p e r a t e s 4 0 m ile s o f t r a c k
M S T O 0C K h A N D 81 3 6 N b s ° — ' Date.
Interest. Outstanding M aturity. .b e tw
e e n p o i n t s I n d ic a te d Iinn ,t hk en tt il ft ll ne .
0
. .
O F F I C E R S .— P r e s ., J . T . Y o u n g : V . - P . , A . P . L a t h r o p : S e c . a n d T r e a s . ,
F . A . N l m s , M u s k e g o n ; A s s t. S e o . & A s s t. T r e a s . , C . N . J c llf f e ; A u d ., J a s .
F i r s t 5'm o r t g a g e ? 0 * 2 rsdd.O OOh 1 1 9 0 8
5 g 'j - J '
o n s d .'o o o J a n " !
* gc oo ld
in t($s i1u0 u0 .. $ 5 0 0 A *$ 1 ,0
. 0 0 )/ jl i n Tt , r ua st tcW0 ie jsntedr nthTr or .u g&h SOaldv . CBo al.n Tk r, .CC oh .ic,Ba go os ., L a w r e n c e .— V . 8 2 , p . 4 9 ; V . 9 2 , p . 5 9 5 ; V . 9 3 , f). 1 3 8 7 .
Bonds .— A d d it io n a l b o n d s m a y b e Is s u e d f o r p u r c h a s e o l! c o n n e c tin g ; r a i l ­
r o a d s w h e n n e t e a r n in g s a r e 1 lA ti m e s I n t o r e s t o n b o n d s I s s u e d a n d to b e
M U S K O O E E E L E C T R I C T R A C T IO N C O .— A t r o l le y r o a d .
I s s u e d . B o n d s a r e s u b j e c t to ^ c a ll a f t e r S e p t . 1 0 1 9 1 3 a t 1 0 5 a u d i n t e r e s t .
SC R O A I ) .— R u n s ’ n o r t h f r o m M o n m o u t h t o a c o n n e c ti o n w i t h t h e C h lo .
gTR0Gc Y ! ^ \ l O N D ^ “ rPS
Y T re'sl
R o c k I s l a n d & P a o . R y . a t M o n m o u th J u n c t i o n . 31 m ile s , a n d th e n c e o p ­
e r a t i n g I n to c i t y o f R o c k I s l a n d , a d i s t a n c e o f 2 0 m ile s , b y le a s c o v c r t h c u t ^ t g c $500,000 goM”(Y5o"o""l i5 o S Y i X 5 T " ' S
C h lo R I & P a c R y . A ls o 7 m ile s f r o m G i lc h r is t J u n e , t o A le d o a n d 6
m ile s f r o m A le x is J e t . t o A le x is . R o a d Is o p e r a t e d b y e l e c t r i c i t y f o r p a s s e n ­
g e r s a n d b y s t e a m f o r f r e i g h t . H a s c o n n e c ti o n s f o r D a v e n p o r t , l a . , t a x e s , $ 2 2 ,1 0 5 ; d iv id e n d ( 8 % ) . $ 1 9 ,4 0 0 ; s u r p l u s , $ 1 2 ,5 6 2 .
R O A D .— O p e r a te s 1 7 m ile s In a n d a r o u n d M u s k o g e e . S t a n d a r d g a u g e .
“ 0O F I T C ^ R H - P , Ucslf: e '.C . M l i / v ^ P . . M . A . W a ls h ; S e e .. J . W . W a ls h ; 7 0 a n d 6 0 -lb . T r a i l . 3 m ile s o f e x te n s io n s p r o p o s e d .
_____ _ _
T r e a s . , C . H . W a ls h ; G e n . M g r ., W . W . M c C u llo u g h .— V . 8 4 , p . 5 2 , 1 0 4 ,
O F F I C E R S .— P r e s , a n d G e n . M g r ., W illis E . F e r t l g ; V . - P . , R . D .
B e n s o n ; S e c . A T r e a s . . W . M . C u t llp ; L o c a l M g r ., R . D . L o n g .
V . 8 9 , p .1 6 6 8 .
_________
_________
.
1 9 0 9

2 ,2 5 0

2 ™

, 0 0 0

5

1

1 9 0 1

2 2

1 0 0

0 0 0

1 0

MONMOUTH, IL L .

MUSKOGEE, OKLA.

MONTGOMERY, ALA.

M O N T G O M E R Y L I G H T & T R A C . C O .— A t r o l le y r o a d .
O n D e c . 29^ 1911 n a m e w a s c h a n g e d f r o m M o n tg o m e r y T r a c . C o . t o
a b o v e t i t l e , h a v in g a c q u i r e d l i g h t in g p r o p e r t y f o r m e r l y o w n e d b y R i c h a r d
^ i n 1 9 0 9 8 to c \c ’ w a s d e c r e a s e d f r o m $ 2 ,0 0 0 ,0 0 0 to $ 1 ,0 0 0 ,0 0 0 ( V . 8 8 , p .
) a n d f u n d e d d e b t r e d u c e d t o a m o u n t s h o w n b e lo w .
S T O C K A N P B O N D S .—
Date. Interest. Outstanding. M aturity.
3 7 5

BtA-b-

*1’700.*000 ApflM*I$6»

000
0 0 0 ) g o ld s . f . c* J I n t . a t R e a l B s t . T r u s t C o ., P h l l a . , T r u s te o
M o n t S trc< t R y 1 s t i n t g e t 1 8 9 3
6 g F -A
3 5 0 ,0 0 0
1923
5 3 5 0 0 0 0 g o ld
- - - - - t i n t , a t F a r m e r s ' L . A T . C o ., 1ST. Y . , T r u s te e .
Bonds .— O f t h e M o n t. I r a c . C o ., b o n d s , $ 3 0 0 ,0 0 0 a r e r e s e r v e d f o r p r io r
lie n s . A sinking fund o f 1 % o f b o n d s o u t s t a n d i n g b e g a n In 1 9 1 1 a n d
r u n s t o 1 0 2 0 , t h e r e a f t e r 2 % p e r a n n u m . B o n d s a r e n o t s u b j e c t to >c a ll..
R O A D .— O p e r a te s a b o u t 41 m ile s o f t r a c k In M o n tg o m e r y a n d t o P i c k e t t
B o r in g s . S t a n d a r d g a u g e ; 7 0 - lb . T a n d 9 5 lb . g i r d e r r a il .
^ O F F I C E R S .— I’r c s ., R a y R u s h t o n ; S e c ., I I . F . C r e n s h a w ; G e n . M g r .,
Xj .D . M a th e s . V . 8 7 , p . 1 3 5 8 ; V . 8 8 , p . 3 7 5 ; V . 9 1 . p . 1 0 2 0 ; V . 0 4 , p . 2 0 7 .
( $ 1

MONTOURSVILLE, PA.

1 8 8 6

1

M O N T O U R S V I L L E P A S S E N G E R R A I L W A Y — A t r o l le y r o a d .
O R G A N I Z A T I O N .— C h a r t e r e d In P e n n s y l v a n i a J u n e 2 8 18,° 7 - c o m ­
m e n c e d o p e r a tio n s D e o . 1 6 1 8 9 7 . S to c k a u t h o r i z e d a n d I s s u e d . 3 7 0 ,0 0 0 .
F u n d e d d e b t a u t h o r i z e d a n d I s s u e d , $ 1 1 2 ,0 0 0 5 % 3 0 - y e a r g o ld b o n d s d a t e d
M a y 1 1 9 0 8 , I n t e r e s t M . & N . O p e r a te s 5 yi m ile s o t t r a c k f r o m W ill ia m s ­
p o r t t o M o n to u r s v lllo , P a .
„ „„ . . . , n o.
E A R N I N G S .— F o r ils c a l y e a r e n d in g J u n e 3 0 1 9 1 0 w e r e . G ro s s , $ 2 6 ,3 0 8 ,
n e t , a l t e r t a x e s , $ 1 1 ,7 0 7 ; flx e d c h a r g e s , $ 5 ,6 0 0 ; s u r p l u s , $ 6 ,1 0 7 .

MORGANTOWN, W . VA,

6

O R G A N I Z A T I O N ! —1in c o r p o r a t e d In W e s t V i r g in ia . O w n s a n d o p ­
e r a t e s ( w i th a fe w u n i m p o r t a n t e x c e p tio n s ) a ll n u b llo u t i l i t i e s In M o r g a n ­
t o w n a n d a d j a c e n t c o m m u n iti e s . I n c lu d in g c lc c tr lo l i g h t a n d p o w e r , w a t e r ,
g a s a n d s t r e e t r a il w a y s . E l e c tr lo l i g h t , p o w e r a n d s t r e e t r a il w a y Jranchiset
f o r 5 0 v e a r s f ro m 1 9 0 3 , G a s a n d w a t e r Jranchises 2 5 y e a r s f r o m 1 0 0 2 .
L e a s e s t h o M o r g a n to w n A P i t t s b u r g h R y . I n 1 9 1 0 p u r c h a s e d t h o S a b r a t 0 S T O O ic N N o V )O N D S —
Date. Interest. Outstanding. M aturity.
C o m m too no,n$ 8o 0o o0 7 70 %0 0 c( *u 1m0 0( $) -1- 0- -0 ) —
QA --OJ
_____2‘ S0 0S ,0g -g0 (SJ gUgc®t. ? : o A to
First m o r tg a g e . $ 1 ? 5 0 0 ,0 0 0 .{ 1 0 0 9 5 K J - J
1 .1 0 1 ,0 0 0 J u l y 1 1 0 4 4
* ($ 1 0 0 0 ) ............................... o* l i n t , a t F a r m e r s ’ L o a n T r . C o .. N . Y . , t r u s .
Bonds.— W . 000 a r c In t r e a s u r y , r e m a i n i n g $ 3 3 3 ,0 0 0 a r e R e s e r v e d f o r lm o r o v e m e n t s a n d e x te n s io n s a t 7 5 % o f c o s t . R e d e e m a b le a t 1
a n y I n t (la y o n 3 0 d a y s ’ n o t i c e . S in k in g f u n d 1 % s e m i- a n n u a l o f b o n d s o u t .
A f t e r s e t t i n g a s id e 1 % s . - a . a n d p a y m e n t o f 7 % o n p r e f . a n d 1 0 % o n c o m .,
a. f s h a r e s e q u a l ly w i th a n y f u r t h e r d l v . o n c o m . V . 9 0 . p . 3 7 3 .
D ividends .— O n p r e f . a t r a t e o f 7 % p e r a n n u m a r e p a i d . O ji c o m . l s t
d iv id e n d —
p a i d A p r i l 1 1 9 1 1 ; J u l y . H % : O c t . , iS% ; I n l l 9 1 2 , J a n . .
^ W a r n i n g s .— F o r y e a r e n d in g D e o . 3 1 1 9 1 0 . STOSS. * 3 1 8 .1 8 1 ; n e t ,
* 1 4 1 ,5 5 5 ; c h a r g e s , $ 5 1 ,9 4 0 ; s i n k , f d . , $ 2 0 ,5 8 0 ; p r e f . d l v . , $ 1 4 ,0 0 0 , s u r p lu s
* 5 R O A L > .— O w n s 4 Vt m ile s ot t r a c k In M o r g a n t o w n a n d 2 m ile s f r o m
M o r g a n t o w n to S a b r a t o n ; le a s e s 2 m ile s a d d i t i o n a l ; t o t a l t r a c k o p e r a t e d ,
8 H m ile s . W ill e x te n d f ro m S a b r a t o n to D e lls lo w , 2 H m llo a , d u r in g 1 9 1 2 .
S t a n d a r d g a u g e , 7 0 - lb . g i r d e r r a il s .
_
O F F I C E R S .— P r e s .. H . R . W a r f lc ld : V . - P . , I , O . W h i t e ; S e e ., A . W .
T .o rc n tz : T r e a s . & A u d ., C . D . J u n k l n s , a ll o l M o r g a n t o w n .— V . 9 0 p . 3 7 3 ;
V . 9 1 , p . 342; V . 92, p . 103 3 .
^
________
1 1

MORRISTOWN, N. J.

NASHVILLE, TENN.

N A S H V I L L E R A I L W A Y & L I G H T C O .— S t r e e t r a i l w a y a n d li g h t in g
O R G A N I Z A T I O N .— I n c o r p o r a t e d In T e n n e s s e e o n J u n e 2 6 1 0 0 3 . I s a
r e o r g a n iz a tio n o f t h e N a s h v il le R a i lw a y C o ., s o ld li n d c r fo re c lo s u ri- o f ( h e
l a t t e r ’s 1 s t c o n s o l, i n t g e . T h e N a s h v il le R y . w a s a c o n s o l id a tio n In 1 8 0 0
o f t h o N a s h v il le S t r e e t R a i lw a y , t h e N a s h v il le & S u b u r t a n a n d t h e U t l z e n s ’ R a p i d T r a n s i t , t h e C u m b e r l a n d E l e c tr ic L i g h t & P o w e r a n d t h e
U n io n L i g h t & P o w e r C o . O w n s a n d o p e r a te s a 1 t h e s t r e e t r a il w a y s a n d
d o e s e n t i r e c o m m e r c ia l c lc c tr l c - llg h tl n g b u s in e s s In N a s h v ille . F r a n c h i s e ,
p e r p e t u a l . I s i d o r e N e w m a n & S o n o l N e w O r l e a n s a r e fis c a l a g e n t s .
M aturity.
D a le .
Interest.‘ Outstanding.
' S T O C K A N D B O N D S .—
$ 4 ,0 0 0 ,0 0 0 J a n '1* 2 , 1
C o m m o n $ 4 ,0 0 0 ,0 0 0 ------------------- -------Q-J ..................
2 ,5 0 0 ,0 0 0 J a n ’1 2 ,1 H .
P r e f 5 % c u m $ 3 ,5 0 0 ,0 0 0 ______ _______
Q J
6 5 .0 0 0 J u l y 1 1 9 2
M cO A M t V H o r s e R R 1 s t M .
8 j-J
4 8 5 .0 0 0 J u l y 1 1 9 3 7
do
2 d s e r i e s ___ - _____ 1 8 8 7
0 J-J
8 9 .0 0 0 J a n 1 1 9 1 7
N a s h v ille & E d g e fle ld 1 s t m tg o 1 8 8 6 6 J - J
2 7 4 .0 0 0 J a n 1 1 0 2 0
C o n s o l m tg e $ 4 0 0 .0 0 0 ----------- 1 8 9 0 6 J - J
9 0 7 .0 0 0 J a n 1 1 9 2 *
N a s h v ille S t R y 1 s t m o r t g a g e ! 1 8 9 5
5 g J :J
$ 2 ,0 0 0 ,0 0 0 g o ld ( $ 1 ,0 0 0 ) .. l i n t , o n a b o v e 6 Is s u e s p a y a b l e In N e w Y o r k .
N ash R y & L t consol irtg e l 1903
5 g J-J
4 ,0 5 4 ,0 0 0 J u l y 1 1 9 6 *
$ 6 ,0 0 0 ,0 0 0 g o ld ( $ ,
I n t e r e s t a t G u a r a n t y T r u s t C o ., N . Y . , T r u a .
N a s h V ly * & UL ? r c t '& " c x t m tg e f 1 9 0 8
5 g J-J
^ 0 3 0 ^ 0 0 0 J u ly 1 1 9 * 8
$ 1 5 ,0 0 0 ,0 0 0 ( $ 5 0 0 , $ 1 ,0 0 0 ) I I n t . a t G u a r a n t y T r . C o ., N . Y . , T r u s t e e .
-o ld
.......................o ’ l o r a t N a s h v il le T r u s t C o .. N a s h v ille
H a n d s .— T h e N a a h v . R y . & L t . c o n s o ls o f 1 0 0 * a r e s u b j e c t to c a ll o n
a n y I n te r e s t d a t e o n 6 0 d a y s ’ n o tic e a t 1 0 7 . N o m o r e c a n b e Is s u e d
e x c e p t $ 5 6 ,0 0 0 n o w In t r e a s u r y . S inking fund $ 3 0 ,0 0 0 p e r a n n u m , c o m ­
m e n c e s J u l y 1 1 9 1 3 .b u t o n ly II c o m p a n y h a s a s u r p lu s a b o v e c h a r g e s a n d
d l v . o n p r e f . s t o c k ; b o n d s t o b e k e p t a li v e In s i n k . f d . Ot t h e n e w r e f . a n d
e x t. b o n d s, $ ,
a r c r e s e r v e d f o r p r i o r lie n s a n d $ ,
m a y Be
I s s u e d , a t t h e r a t e o f $ 1 ,0 0 0 f o r e a c h $ 1 ,2 5 0 e i p e n d w l , f o r f u t u r e I m p r o v e ­
m e n ts a n d e q u i p m e n t , n o t o v e r $ 7 0 0 ,0 0 0 to b e I s s u e d In a n y c ^ n d a r y e a r ,
a n d s u b j e c t to c e r t a i n o t h e r c o n d i tio n s . B o n d s c a n n o t b e c a l l e d . S j n k 'n g
f u n d o f M o f 1 % o f o u t s t a n d i n g b o n d s s t a r t s N o v . 1 1 9 1 8 . b o n d s In s in k in g
f u n d b e in g k e p t a li v e . S e e p a r t i c u l a r s o f b o n d s , p r o p e r t y , A c . , In V . S i,
P Dividends . — T h e f ir s t d iv id e n d o n p r e f . s t o c k — K % — w a s p a i d J a n . 1
1005 a n d 2
e a c h s ix m o n th s s in c e to a n d I n c lu d in g J u l y
1 9 1 0 o h a n g e d t o q u a r . a n d p a id 1 H % . a n d s a m e a m o u n t q u a r . s in c e t o a n d
I n o l . J a n . 1 0 1 2 . F i r s t d l v . o n c o m .— 1 % — w a s p a i d J u l y I 1 9 0 0 . , I n J 9 1 9 '
3 % . I n 1 9 1 1 , J a n . . H % i A p r i l, H % , J u l y , 1 % , O c t . , 1 / . , i n
0 0 0 ) 1

0 0 0 ,0 0 0

6

0 6 1 ,0 0 0

2

1 8 1 2

J a R E P O R T . — Y e a r s e n d in g D e o . 3 1 . R e p o r t fli r ' 0 1 0 J c Y ' 9 2 ,
Year— Dross. N et.aft.Taxes. I n f . F r c / . D I t J . D e p r n . Surplus.
1 9 1 0 ______ $ 1 ,8 3 2 ,4 6 5 $ 8 0 2 ,4 3 0 * 4 0 2 .4 2 7 * } * 5 .0 0 0 * * 4 .8 6 1 $ 2 2 0 ,1 5 1
1909
1 7*M 3 7 9
7 1 0 .4 9 7
3 9 4 ,3 5 3
1 2 5 ,0 0 0
5 1 ,5 1 3
P a s s e n g e r s c a r r i e d in 1 9 1 0 , 3 8 ,2 1 5 ,1 7 2 , a g a i n s t ^ ®(7®
R O A D .— O p e r a t e s 8 1 m ile s o f t r a c k . H a s b e e n c h a n g e d f r o m b r o a d to
s t a n d a r d g a u g e . 7 0 to 1 0 0 - lb . T a n d g i r d e r r a i l s . 1 9 7 p a s s e n g c r c a r s .
O F F I C E R S .— P r e s , a n d M g r ., P e r c y W a r n e r ; V . - P - , J - C . B r a d f o r d .
S e c . a n d T r e a s . . H . C . W a l t e r s .— V . 8 7 , p . 3 8 . 227;; V . 8 8 . p . 1 0 6 2 , V . 9 9 .
p . 503, 6 0 8, 1677; V . 9 1 . p . 791; V . 02, p . 262, 1370, 1701.

NATCHEZ, MISS.

S O U T H E R NN R A I L W A Y & L I G H T C O .— S t r e e t r a i l w a y , g a s a n d e l e c t r i c .
uO nR uGaAr nN iIiZAA T l O N . — I n c o r p o r a t e d In 1 9 0 8 a n d t o o k o v e r S o u t h e r n
L i g h t & T r a c t i o n C o . ( V . 8 5 . p . 1 1 4 4 ) . w h ic h w a s a c o n s o l id a tio n o l t h e
N a t c h e z E l e c tr ic S t r e e t R y . & P o w e r C o ., t h e N a t c h e z L i g h t , P o w e r A
T r a n s i t C o . a n d t h e N a t c h e z G a s L i g h t C o . G a s f r a n c h is e p e r p e t u a l ; s t r o e t
r a i l w a y a n d e l e c t r i c l i g h t in g f r a n c h is e s e x p i r e In 1 9 4 9 . D o e s t h e e n t i r e
s t r e e t r a i l w a y , g a s . e lc c tr le - T lg h tln g a n d p o w e r b u s in e s s o f N a t c h e z . H a s
c o n t r a c t w i t h c i t y f o r s t r e e t l i g h t i n g w h ic h e x p ir e s In 1 9 1 4 .
STOCK A N D BO NDS—
Date. Interest. Outstanding. M aturity.

! o ? CL t.* A 3T r a c t ? 1 st* m " $56o]-"l 1 9 0 3
W et
M O R R I S C O U N T Y T R A C T I O N .— A n e l e c t r i c r o a d .
O R G A N I Z A T I O N .— I n c o r p o r a t e d In N e w J e r s e y In 1—8 9 9 . C h a r t e r
000 * (* 1 ’0 0 0 ) ......................... O r l e a n s . T n f s t e e ^ o r a ? F l r a t N a t . ' B k . '. N . Y .
» lv e s c o m o a n y r i g h t o f e m i n e n t d o m a i n . B u i l t m o s t l y o n p r i v a t e r i g h t o f
Bonds.— $ 1 6 0 ,05 0a 0n da rIen rt .e s e $r v5 e,0d 0 f°0 rh a^ v e b e e n r e t i r e d . S e e Vv °. 87 6a , p . 1 n0 s8S6 ’.
w a v Franchises th r o u g h to w n s a r o p e r p e t u a l o r f o r 3 5 y e a r s .
W 4t o o k AND BONDS—
Date. Interest. Outstanding. M aturity. 3 E At o Rp uN lIl Na Gt 1S 0.—
F o r y e a r e n d in g D e o ., 3 1 1 9 0 8 : G r o s s , $ 1 2 7 ,3 6 5 ; n e t .
Stock
c o m . $ 3 ,0 0 0 ,0 0 0 ($ 1 0 0 ) .........................................
* 3 ,0 0 0 ,0 0 0
- - - - - - ­
; I n t e r e s t a n d t a x e s , J ,4 6 6 , s u r p l u s , $ 2 3 ,1 3 8 .
F i r s t 'm o r t g a g e , $ 3 ,0 0 0 ,0 0 0 ] 1 0 0 5
5 g J - D 15 3 ,0 0 0 ,0 0 0 J u n o 1 5 3 5 $ ,
($ 1
) g o ld , c a lla b le a t T r u s t C o . o f A m e r i c a , N . Y ., T r u s t e e .
O F F I C E R S ^ ? / A . ^ ° c l rm p b e l l f N a to h e z ; V . - P . . L . H . D l n k l n s l
l i o ' a n d I n t e r e s t _____c * A r ) I n t . a t N a t . I r o n B a n k . M o r r is to w n .
N e w 'o r i e a i S P s e c r , T r e a s . A M g r .. F r a n k J . D u fT y . N a t c h e z .— V . 8 6 . p .1 5 9 1 .
E A R N I N G S .— F o r c a l e n d a r y e a r 1 0 1 0 , g r o s s , $ 1 0 3 ,3 6 2 ; n e t , $ 3 2 ,0 5 1 .
R O A D __ I s t o b u ild 7 5 m ile s o f r o a d f r o m E l i z a b e t h , N . J . . t o N c tc o n g ,
w i t h a b r a n c h f r o m D e n y lU e t o P a t e r s o n a n d o t h e r b r a n c h e s . 4 7 m ile s o f
t r a c k Is c o m p le te d a n d In o p e r a t i o n a n d 9 m ile s a l m o s t c o m p le te d Is o x P U B L I C S E R V I C E C O R P O R A T IO N O F N . J . — S t r e e t r a i l w a y , g a s a n d
D c c tc d to beg In o p e r a t i o n e a r ly In 1 9 1 2 . G a u g e , 4 f t . 8 H I n . 7 0 - lb . T e le c tr i c .— ( S « map on pages 7 4 a n d 7 5 .)
r a i l In c o u n t r y , 8 0 - lb . g i r d e r I n c i t i e s .
..............................

°i

7

4 5

6 0 4

5

2

0 0 0




NEW ARK, N. J.

ELECTRIC RAILWAYS

'WEST PALMYRA

DELAIR
FISH HOUSE

i Power
Kgtation

Pentau&t

House

Shops for Ouernau'iu

. lib er ty

LLI N 0 6 W & r

[PENN,

ber

.5 0 0

0.GOJ.L IN 0 6 Wo o t \
.X

WESTMONT

'JB
BatfAru
a tte ry ^
Subs tu t id rr

d o n f ie l d

4 ,1 4 2

kOR3TON
iat io n a l
i*a h k

325

J

WA3H.INOTON
HEIGHTS

HADOON V —
Km e io h t g \
X , 1 .452
\
VJyiiARnirJoTON

OyBELLMAWl
w.\

.LAWNSIOE

'OOOBURY PARK

MAP SHOW ING LIN ES O F

.GLENDORA80MERDAL1
STRATFORO>X
TV
X M 0N C S30N I
LAUREL SPRINGS'

in

South ern N e w Je r se y.

vKIRKWOOD

PUBLIC SERVICE LINES.
PROPOSED EXTENSIONS.
CONNECTING LINES.

GARDEN LAKl,

aoO D IN T E N T

SC A L E O F M ILES

BLACKWOOD

CLEMENTON,
2 ,750

WANONAH
MANTUA C46

IOt.CN LOCH

To Mulllca Hill

4-

Public Service Railway
Com pany.

ASHLAND

m a g n o l ia '

MULLICA HILL ROAD

PENN,

\ To Vinetiiml

C**Hr.

4 ' <’ 0 0 '
GARWOOD

FANWOOD
1 .4 0 .0 '

no rth \ pla in f ie l i

\6 ,U 7 >

RARITAN
3 ,6 7 2




1 ,1 1 8 /

GRACELANO

A

WESTFIELD
W JUNO. C
•ICTON

NETHERWOOD
.WILLOW GROVE

LfNCOLN
Q0U.NO

brook

S 3 ,9 7 0 |

O^MINQTOI
M ETUCMEN

i

2 ,1 3 8

TOROS
DON HAM TOWN1
PI8CATAWAY
HIGHLAND PARK
0»5 f7 /S ^ ~ > 4
IAYREVIi

ILLTOW N
1 ,0 0 0
Ma r o e n h e r o
CORNERS A

Ja

n

., 1912.]




ELECTRIC RAILWAYS

75

76

ELECTRIC RAILWAYS

O R G A N I Z A T I O N .— I n c o r p o r a t e d In N e w J e r s e y o n M a y 0 1 0 0 3 a n d
o o n t r o ls , th r o u g h o w n e r s h ip o f s t o c k , P u b i lo S e r v ic e R y . C o ., P u b l lo
S e r v ic e G a s C o ., P u b l i c S e r v ic e E l e c . C o ., O r a n g e A P a s s a i c V a lle y R y . C o .
a n d U n it e d E l c c . C o . o f N . J . T h e s t o c k h o ld e r s o f t h e tw o c o s . la s t n a m e d
a n d a ls o t h e s to c k h o l d e r s o f c e r t a i n o f t h e c o s . o u t o f w h ic h P u b l ic S e r v ic e
R y . C o . w a s s u b s e q u e n t l y f o r m e d ( n a m e ly N o r t h J e r s e y S t r e e t R y . C o .,
J e r s e y C i ty H o b o k e n & P a t e r s o n S t . R y . C o . a n d E l i z a b e t h P la in f ie ld A
C e n tr a l N e w J e r s e y R y . C o .) w e re g iv e n c e r ti f ic a te s d e s c r ib e d b e lo w In e x c h .
f o r t h e i r s t o c k . S e e p l a n In V . 7 6 , p . 8 6 5 , a n d a ls o p . 1 2 4 9 . T h e F i d e l i t y
T r u s t C o . o f N e w a r k f in a n c e d t h e t r a n s a c t i o n .
C o n tr o l s p r a c t i c a l l y t h e e n t i r e s t r e e t r a il w a y b u s in e s s o f N o r t h e r n N e w
J e rs e y a n d th e g a s a n d lig h tin g In te re s ts o f th e g re a te r p a r t o f N ew J e rs e y .
A ls o o w n s e n t i r e c a p i t a l s to c k o f M id d le s e x E l e c tr ic L i g h t A P o w e r C o .,
M o r r is t o w n G a s L i g h t C o . (V . 9 1 , p . 9 5 ) , N ic h o ls E l e c . L t . A P o w e r C o . o f
N u t l e y , N . J . , C itiz e n s ’ E l e o . L i g h t , H e a t A P o w e r C o . ( P e r t h A m b o y , N . J . ) ,
B u r l i n g t o n E le c . L t . & P o w . C o ., S h o r e L i g h t i n g C o ., E l i z a b e t h T r e n t o n A
N e w B r u n s w ic k R y . C o . a n d W e e h a w k e n C o n t r a c t i n g C o .; a m a j o r i t y o f
s to c k o f P rin c e to n L ig h t, H e a t A P o w e r C o . a n d p ra c tic a lly a ll th e c o m m o n
S to c k o f N e w J e r s e y A H u d s o n R i v e r R y . A F e r r y C o .
Merger o f Subsidiaries. — I n 1 9 0 7 N o r t h J e r s e y S t r e e t R y . C o ., J e r s e y
O lty H o b o k e n A P a t e r s o n S t r e e t R y . C o ., a n d U n i t e d S t r e e t R y . C o . o f C e n ­
t r a l J e r s e y w e re c o n s o l id a te d u n d e r t h e n a m e o f P u b l ic S e r v ic e R y . C o .,
w h ic h s e e b e lo w . V . 8 5 , p . 4 0 6 a n d 4 7 0 . T o P u b l i c S e r v ic e R y . C o . a ls o
h a v e b e e n tr a n s f e r r e d t h e le a s e s o f v a r i o u s r a il w a y s f o r m e r l y h e ld b y P u b llo
S e r v ic e C o r p o r a ti o n .
I n O c t. 1 9 0 9 a ll le a s e h o ld I n t e r e s t In g a s p r o p e r t i e s a n d a l l r i g h t s u n d e r
o p e r a t i n g a g r e e m e n t w i th P la in f i e l d G a s L i g h t C o . w e r e a s s ig n e d to t h e
P u b l ic S e r v ic e G a s C o ., w h ic h s e e b e lo w ; a ls o V . 8 9 , p . 5 9 4 , 7 2 1 , 8 4 7 .
I n J u l y 1 9 1 0 a ll le a s e h o ld I n t e r e s t In e le c tr i c l i g h t a n d p o w e r p r o p e r tie s
w e re a s s ig n e d to t h e P u b l i c S e r v ic e E l e c t r i c C o . V . 9 0 , p . 1 6 1 4 .
STO CK AN D BO NDS—
Date. Interest. Outstanding. M aturity.
S t o c k , 5 2 5 ,0 0 0 .0 0 0 ( $ 1 0 0 ).......................
Q -M 31 $ 2 5 ,0 0 0 ,0 0 0 D e c 3 0 ’l l . l ^
r r u s t c e r ti f ic a te s , $ 2 0 ,2 0 0 ,0 0 0 f 1 9 0 3
S e e t e x t 1 9 ,9 7 3 ,0 8 0
P e rp e tu a l
( F i d e l i t y T r u s t C o ., N e w a r k , T r u s t e e .
G e n e r a l m o r tg a g e $ 5 0 ,0 0 0 ,- r 1 9 0 9
5 g A -O 3 0 ,0 0 0 ,0 0 0
O c t 1 1959
0 0 0 g o ld ($ 1 ,0 0 0 ) s f ___ I n t e r e s t a t F i d e l i t y T r u s t C o ., N e w a r k , T r u s l t e e . o r a g e n c y o f c o m p a n y In N e w Y o r k .
Stock. — I n J a n . 1 9 1 1 s to c k w a s li s te d o n N . Y . S to c k E x c h a n g e .
Bonds. — T h e t r u s t c e r t s , b e a r 2 % I n t . ( d a ti n g f r o m J u n e 1 1 9 0 3 ) th e
f ir s t tw o y e a r s , 2 > $ % t h e t h i r d y e a r , a n d I n c r e a s in g b y
e a c h f o llo w in g
e a r u n t i l 6 % is r e a c h e d In t h e t e n t h y e a r , w h ic h is to b e t h e r a t e t h e r e a f t e r ,
n t e r e s t Is p a y a b l e M a y a n d N o v e m b e r . T h e F i d e l i t y T r u s t C o . o f N e w a r k
in J a n . 1 9 0 5 o f f e r e d $ 2 ,0 0 0 ,0 0 0 o f th e s e c e r ti f ic a te s a t 1 1 0 a n d e n d o r s e d
u p o n t h e m i t s a g r e e m e n t to p a y e a c h y e a r u p to 1 9 1 2 a n a d d i t i o n a l a m o u n t
o f I n t e r e s t to b r in g t h e a g g r e g a t e s t i p u l a t e d r a t e o f I n t e r e s t I m m e d ia t e ly
u p to 6 % . S e e V . 8 0 , p . 1 6 4 . T h e fo llo w in g s h o w s t h e t e r m s u p o n w h ic h
t h e s t o c k s o f t h e c o n s t i t u e n t c o m p a n i e s w e re e x c h a n g e d f o r t h e t r u s t c e rtlfia a te s . T h e s to c k s a c q u i r e d a r e p le d g e d a s s e c u r i t y f o r t h e t r u s t c e r ti f ic a te s .

f

Total
stock.

New Total ctfs.
Total certlfi - if all stock
deposited. cates, exchanged.

(V O L . L X X X X IV ,

O F F I C E R S . — P r e s ., T h o s . N . M c C a r te r ; 1 s t V . - P . , G e o rg e J . R o b e r t *
2 d V . - P . , J o h n J . B u r l e ig h ; 3 d V . - P . , R a n d a l M o rg a n ; 4 t h V . - P . , A n th o n y
R . K u s e r ; C o m p ., P e r c y S . Y o u n g .; S e c ., E d . VV. H In e ; T r e a s . , J a s . P .
D u s e n b e r r y .— V . 8 9 , p . 3 4 9 , 5 9 4 , 7 2 1 , 8 4 7 , 1 3 4 8 ; V . 9 0 , p . I l l , 6 9 9 , 1 2 3 6 ,
1 2 9 3 , 1 3 0 1 , 1614; V . 9 1 , p . 9 5 , 3 9 7 , 7 1 7 ,8 7 1 ,9 4 6 , 1513: V . 9 2 , p . 2 6 3 ,7 2 6 ,
7 9 5 , 8 8 2, 9 5 1, 962, 1179, 1243, 1636; V . 93. p . 590, 1191, 1789; V . 9 4 , p . 68.

(1)

E liz a b e th New B runsw ick & T renton R R .

O R G A N I Z A T I O N .— I n c o r p o r a t e d In N e w J e r s e y A p r i l 1 8 1 9 1 1 . S to o k ;
a u t h . a n d o u t , $ 9 0 ,0 0 0 ($ 1 0 0 ) ; a ll o w n e d b y P u b l i c S e r v ic e C o r p o r a t i o n .

P U B L IC SE R V IC E E LE C T R IC CO.

C o n tr o l le d b y P u b l i c S e r v ic e C o r p o r a ti o n b y o w n e r s h ip o f e n t i r e c a p i t a )
s to c k .
O R G A N I Z A T I O N .— I n c o r p o r a t e d In N e w J e r s e y o n J u n e 13 1 9 1 u .
Leases .— I n J u l y 1 9 1 0 P u b l ic S e r v ic e C o rp . a s s ig n e d to P u b l ic S e r v ic e
E l e c t r i c C o . t h e le a s e s o f U n it e d E l c c . C o . o f N . J . , M id d le s e x E le c . L t . A
P o w e r C o ., W e e h a w k e n C o n t r a c t i n g C o ., N ic h o ls E l e c . L t . A P o w e r C o . o f
N u t l e y , N . J . , a n d C itiz e n s E l