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nks tors’ Sitplment
OF
rOMWERClAL
&
THE
jpIWAHCIAL QhRONICLE.
VOLUME
WILLIAM
102
The Investors’
H.
DANA
WILLIAM
1888.
28,
J annary
&
X L V I.
CO.,
ST KELT,
PUHLLSHEKS,
NEW
Supplement is issued once in two
YORK.
months,
viz., on
the last Saturday of
September and November, and one copy of each issue is fur¬
nished to every subscriber of the CHRONICLE.
Extra copies are sold to subscribers of
the CHRONICLE at 50 cents each, or to ethers'than subscribers’at $1 P^r copy.
January, March, May, July,
Entered
ftcoonuncc
to Act of Congress
In the year 1888. by William B.
Dana & Co., in the office of the Librarian of Congress, Washington, D.
C.l
CHRYSTIE
&
JANNEY
BANKERS,
Nos. 2j
COR.
OF
CEDAR
Transact
Receive
&
Nassau Street\
25
ST.
NEW
general banking business.
deposits subject to check at sight.
YORK,
a
Allow interest on daily balances.
bonds, and State, County and Municipal securities.
coupons throughout the United States and Canada.
Deal in United States Government and railroad
Make collection of drafts, notes, dividends and
Render statements of
Give
And
current
accounts
monthly.
special attention to consignments of bullion, and make liberal advances
invite correspondence.
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OF
CITY
OF
same
when desired.
AND DEPOSITS RECEIVED SUBJECT TO
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CITV
on
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OFFER
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EAU
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A.
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WARRANTS,
KEAN.
6s
7s
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_AU
IKUE^nsr
&
GO.,
BANKERS,
2 WALL ST., NEW YORK.
MAIN
OFFICE, CHICAGO
Our second edition “
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Please mention Investors' Supplement.
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1878.
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ORABLE TERMS.
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MERCHANTS
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ORDERS
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FOR
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•
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(Commercial & (Financial (Chronicle.
[Entered according to act of Congress, in the year 1888, by Wm. B. Dana. & Co., in the office of the Librarian of Congress, Washington, D. C.]
VOL.
NEW
46.
INVESTORS’
YORK, JANUARY 28,
SUPPLEMENT.
RAILROAD DIVIDENDS.
TEH HIS:
published on the
The Supplement is
last Saturday of every other
month—viz., January, March, May, July, September and November;
and one copy of each issue is furnished, without extra charge, to all
regular subscribers of the Commercial and Financial Chronicle.
Additional copies of any issue are sold to subscribers at 50 cents each,
and to persons not subscribers at $1 each. No subscriptions are taken
for the Investors' Supplement apart from the Chronicle
Annual
subscription price to the Chronicle, including the Investors’ Supple¬
ment, is $10 20 in the United States and $11 28 in Europe; these prices
cover
postage.
WILLIAM B. DANA Sc CO., Publishers,
102 William Street. New York.
RAILROAD MAPS IN THE SUPPLEMENT.
The railroad maps now published in the Supplement
include the
following roads.
Page.
41
Map.
Alabama Great
Southern. See Cincinnati N. O. & T. P
Atchison Topeka & Santa Fe
Atlantic & Pacific. See Atchison Topeka & Santa Fe
Baltimore & Ohio
Buflalo Rochester <fe Pittsburg
Canadian Pacific
California southern. See Atchison Topeka & Santa Fe
Central RR. & Bauking Co. of Georgia
Central RR. of New Jeisey
Central Pacific. See Southern Pacific
Charleston Cincinnati & Chicago.
16 and 17
16
19
22
23
16
2s*
26
108
29
Chesapeake Ohio & Southwestern. See Newport News & Miss. Val.. 78
Chicago Milwaukee & St. Paul
<32
Chicago & Northwestern
34
Chicago St. Paul & Kansas City
37
Cincinnati Indianapolis St. Louis & Chicago
38
40
Cincinnati Jackson & Mackinaw
Cincinnati New Orleans & Texas Pacific.
41
Cincinnati Washington & Balt. See Baltimore & Ohio
19
Colorado Midland
43
Delaware Lackawanna & Western
46
Denver & Rto Graode
47
Detroit Bay City & Alpena
49
Duluth South Shore & Atlantic
50
Dubuque & Sioux City. Nee Illinois Central
57
East Tennessee Virginia & Georgia
52
Elizabeth. Lexington & Big Sandy. See Newport News <fc Miss. Val.. 78
54
Fort Worth & Denver City
*
Galveston Harrisburg & San Antonio.
108
See Southern Pacific
Grand Rapids & Indiana. See Pennsylvania RR
91
Gulf Colorado <fc Santa Fe
55
Houston & Texas Central. See Southern Pacific
108
Illinois Central
57
International & Great Northern. See Missouri Pacific
73
Jacksonville Tampa & Key West
58
Kentucky Central. See Newport News & Miss. Valley
78
Lake Erie & Western
62
Louisville & Nashville
65
Louisville New Alban}r
Chicago
67
Louisville Now Orleans & Texas
68
Marietta Columbus & Northern
70
52
Memphis & Charleston. See East Tenu. Va. & Ga.
Milwaukee & Northern
72
73
Missouri Kansas Ai Texas. See Missouri Pacific
Missouri Pacific
73
Mobile & Ohio
76
Nashville Chattanooga & St. Louis. See Louisville & Nashville.,
65
78
Newport Newrs <fc Miss. Valley
Norfolk & Western
82
Northern" Pacific
84
Ohio A Northwestern
86
Ohio River
87
...»
.
.
Orange Belt
Oregon Short Line.
89
-
See Union Pacific
Pennsylvania
Philadelpliia & Erie. See Penn RR
Pittsburg Cincinnati & St, Louis. See Penn. RR
Pittsburg Ft. Wayne & Chicago. See Penn. RR
Pittsburg <k Westeru
-
Richmond & Danville. See Richmond <fc West Point Terminal
Riohmond & WTest Point Terminal
Rome Watertown
Ogdensburg
Shenandoah Valley. See Norfolk & Western
St. Louis & San Francisco
St. Louis Arkansas & Texas...
St. Louis & Chicago
St. Paul Minneapolis & Manitoba
Sheffield <fe Birmingham Coal Iron & Railway Company
Southern Pacifio
Toledo Ann Arbor & North Mich
Toledo St. Louie & Kansas City
Texas & Pacific. See Missouri Pacific
Union Pacific
Vicksburg & Meridian. See Cinn. New Orleans <fe Texas Pacific
Western New York & Pennsylvania
Wisoonshi Central
1888.
114
91
91
91
91
94
96
96
98
82
103
100
In the
Chronicle
road dividends for
of roads. It seems desirable to have the record in
greater detail, so in the present issue of the Supplement
we
bring forward the list in our usual form, embracing all
roads whose stocks
To make the statement
Exchanges in
complete, we include all the
declared in 1888.
The dividends now being announced do not in most
cases reflect the
prosperity which railroad inteiests expe.
rienced in 1887.
The dividends
the 1887
results, but,
as
or
based, of course, on
pointed out in the Chronicle, rail
are
road managers have latterly been pursuing a very conser
vative policy in this regard, and hence it happens that
among the larger and more prominent companies instances
of increased dividends are quite rare.
Whether this
conservative attitude follows from
disposition to use a
large part of surplus earnings in making betterments
and improving property generally, or whether it merely
reflects
a
desire
to
husband
a
resources
in
the
fear
that the present large earnings may not
not in every case be determined, nor is
bo continued, can
it material. The
policy itself is praiseworthy and commendable. Of course
there are a few companies like the Atchison and the Penn¬
sylvania, which have lately enlarged their rate of distribu¬
tion, but these are exceptions rather than the rule.
To find evidences of the improvement in railroad
business which has been in progress since the West Shore
settlement in 1885, one iruist look at the dividend record
of the minor and less prominent roads, and an examina'
tion of the list below reveals many such roads which’
under the favoring effects of this period of prosperity
?
have either resumed dividends
able
to
or
increased
begin making distributions.
Western section for
them,
or
been
Take the Middle
instance, where things were so com¬
pletely demoralized at the termination of the trunk-line
struggle in 1885. There we find the Chicago k Eastern
Illinois, the Evansville & Terre Haute, and the Cincinnati
Indianapolis St. Louis & Chicago, all paying regularly
now.
The Flint & Pere Marquette, after making 7 per
cent dividends on its preferred stock for some years, was
in 1885 obliged to reduce, but has now got back to the
old rate again.
Belleville & Southern Illinois has also
110
stock.
112
have
..120
Stock
more
paid
& Northern
41
the
on
dividends thus far
increased its
118
sold
are
Boston, New York, Baltimore and Philadelphia, and which
have paid dividends at any time during the last six years.
104
106
73
..114
compared rail¬
few leading
series of years past on a
groups
102
108
a
few weeks ago we
a
(preferred) dividend. The Detroit Lansing
in 1887 again began dividends on its common
Then there
number of
new
companies which
begun the payment of dividends like the Chicago &
Indiana Coal
&
are a
Alpena.
(on its preferred) and the Detroit Bay City
SUPPLEMENT.
INTESTOKS’
[Yol. xlvi.
Going a little further West, there is the Hannibal & St. per cent. Among the trans-Continental roads the Central
Pacific gives its stockholders one per cent in 'February,
Joseph (controlled by the Burlington & Quincy) which
and it is further worthy of note that the Panama road
recently distributed 7 per cent on its preferred stock—
The St. Paul & Duluth in 1887 which formerly made such heavy distributions, but during
the first since 1883.
made its first dividend on the common stock.
The Mil¬ 1886 and 1887 suspended, now announces a 6 per cent
waukee Lake Shore & Western is paying on both common dividend.
In explanation of the improvement in the dividends of
and preferred.
The Denver & Rio Grande has also joined
the list of dividend payers, having paid two dividends on these minor companies, the difference in their situation
its preferred stock, the last one, as a matter of prudence (as compared with that of the larger trunk systems) must
It would be unfair to claim that they
and to give the company the means for making improve¬ not be overlooked.
ments, being paid half in scrip.
The St. Louis & San are less conservatively managed than the others. They
Francisco from paying on its first preferred now also has are not under the same urgent necessity to make improve¬
ments as are the larger systems, which by nature of their
begun on the preferred.
In the South, the East Tennessee (1st preferred) and the position and the exigencies of competit on must keep
Richmond & West Point Terminal (preferred) are among increasing their efficiency all the time, and thus incur ex¬
the new additions.
The Richmond & Danville also paid a penditures which experience lias -demonstrated should in
dividend in 1887, after having passed since 1882.
The part at least come out of earnings. The fact therefore that
Nashville Chattano >ga & St. Louis is giving its stock¬ the year has been a very good one, with rates well main¬
holders regular one per cent quarterly, and the Central of tained except in special sections, has served to raise many
of these to a new place of prosperity. The following is our
Georgia has got back to 8 per cent per annum. In other
dividend list complete.
It embraces, as already said, all
sections, the New England States have for a long time
stood by themselves in the size of their dividends, and the dividend.paying stocks on the various Stock Exchanges.
The dividends are made up on the basis of the amount
tendency i9 still upward. In the Middle States, the Beech
Creek is paying 5 per cent on its preferred stock and the paid in each year, those declared in one year and paid in
the next appearing in the latter.
For 1888 all dividends
Huntingdon & Broad Top (on its preferred) has also joined
so far announced are
included,
whether
payable in Jan"
the ranks of dividend payers.
The Rome Watertown
& Ogdensburg is another ne w accession and distributes 6 uary or later months.
DIVIDENDS
Name of
1882.
Dividend Periods.
Company.
ON
STOCKS.
RAILROAD
|
1883.
1885.
1884.
1886.
j
;
Declared.
|
1887.
1888.
I
<
NEW
YORK.
i
Albany A Susquehanna (leased)
Resell Creek, prof
Belleville A So. Ill. (leased),pref.
Boston A N. Y. Air Line, pref..
f!nn:uln Southern
Canadian Pacitle
Central of New Jersey
..
,
Central Pacific
Central RK A Bk. of Ga
(Thieago A Alton
bo
pref
Chicago A Eastern Illinois
bo
Evansville A Terre Haute
Common
Preferred
Illinois Central
l>o
Leased line certs..
Joliet A Chicago (leased)
Lake Shore A Mich. Southern..
I»ng Island
Louisville A Nashville
Manhattan Elevated.
Michigan Ceutral
Mi Lane Shore A Western
do
Do
pref.
6*2
7*2
6
0
7
4,
5
7
5
7
8
7
7
8
7
6
7
6
7
8
7
G
4
3
4*4
5
7
......
::::::
2*2
1%
2
5
4*2
«
3
7*2
5*2
Quarterly—Mar.
Mar. and Sept.
6
8
8
8
3
and
7
7
8
7
7
8
7
7
6
Quarterly—Mar.
iVb.
June
and
and
Aug.
Dec.
Quarterly—Mar.
June
Dec.
April and
April and
7%
7
7
8
7
7
Oct.
Oct.
Quarterly—Mar.
Quarterly— Feb.
Jan.
and
July.
Quarterly—Fel).
10 (b)
10(b)
8
8
1*2
0
7
Quarterly—Mar.
Feb.
and
Aug,
63*
4
New Ijoudou Northern (leased).
New York Central A Hudson ...
N. Y. Lack. A West, (guar.)
N. Y. Lake Erie A West.* pref..
N. Y. New Haven A Hartford..
N. Y. Ontario A West., pref
N. Y. Prov. *v Host.(Sto'uington)
Norfolk A Western, prel
Northern Pucilic, pref
8
8
'
8
*
>
3
3
7
2
43* (h)
6
6
1
7
7
7
13*
3
6
5
7
8
Quarterly—Mar.
Quarterly—Jan.
Jan.
and
and
and
and
and
July.
July.
Sept.
July.
Quarterly— Jan.
and
8
8
73*
2*2
5
7
■
7
20 stock.
10
7
3
10
7
4
10
8 A 2
8 A 2
10
4
7
7
4
8 A 2
8 A 2
8
4
7
8 A 2
8 A 2
7
8 A 2
8 A 2
7
7
Quarterly—
Feb.
i*ob. and
Aug.
4
7
10
3
8 A 2
8 A 2
8 A 17 stock.
4
7
8
4
■
7*2
-r
»•
w
-
•
Yearly—Jan’ry.
Quarterly—Jan.
Quarterly— Feb.
6*4
7
6
8
6
10
8
1*4
2*2
4
4
8 A 2
8 A 2
7
4
7
3*2
2
13*
2
1
4
4
4
4
3
3
6
6
6
4
1*2
2
4
7
7
2
6
7
7
7
7
7
3*2
13*
3*2
7*2
3*2
J*n.
Quarterly— Jan.
4
1
2
5
Aug.
Quarterly—Jan.
8-l (e)
3
Quarterly— Jan.
and July
Quarterly—Jau.
Jan. and July.
Quarterly— Jan.
Quarterly— Jan.
13*
2*2 (d)
4
7
5
10
7
4
7
...
2*2
4
7
10*4
2*2
5
5
*T
4
1
and
5
6
6
8
Jb*eb.
7
6
Aug.
Feb.
2*2
7
'
July
Quarterly—Mar.
Quarterly— Jan.
Quarterly—Jan.
Jan.
Jan.
Mar.
Jan.
,
1338 stock.
2*2
2*2
7
7
2
6
8
5
0
10
12
8
'
5
6
10
5
7
7
1
6
.4
5
10
10
8
8
(/)
3*2 scrip.
4
11-1 certf.
6
•
8*«
scrip.
4
1
6*2
1\
4
1
5
1*4
10
2*2
10
2*2
-*
* Oat of the undivided profits of the old company.
(b/ Dividends changed from semi-annual co quarterly lu May, 1884.
(/<) Divi lend period changed from quarterly to no mi-annua?, thus diminishing total for th* yn»tr by the amount of one quarterly
{e) Also 5 per cent In stock of Iowa Land A Loan Co.; also assets in treasury. (d) 1*4 per cent of this is scrip, (f) Covers two
1*4
1*2
I
.
Missouri Paoifio (new stock)....
Morns A Essex (leased)
Nashv. Chattanooga A St. Louis
3*2
2*2
2*2
7
8
7
7
8
7
7
6
6
4*$)
Col. Hooking
Georgia (leased)
Hannibal A St. Joseph, pref
Harlem (l’sed) iucl.4th AV.RR.—
5
8
8
8
3
4
Columbia A Greenville, pref...
Dubuque A Sioux City
EastTeun. Va. A Ga.^ 1st pref.
Erie A Pittsburg (leased). .*.
6
8
5*2
4
2
Quarterly— Mar.
Delaware A Hudson Canal
Delaware Lack. A Western
Denver A Rio Grande, pref
Detroit Bay i ity A Alpena
4
6*4
2
Cinn. ludianap. St. Louis A Chic.
Cleve. A Pittsb., guar, (leased).
Cleve. Col. Cin. A Indianapolis.
Val. A Toledo
Danbury A Norwalk
3
5*2
'
May and Nov.
April and Oct.
and Aug.
Feb.
Feb. and Aug.
Quarterly—Mar.
Do
do
“pref.
Cincinnati N. O. A Texas Pae...
3
7
pref...
Chicago Milwaukee A St. Paul.
bo
do
pref.
Chicago Burlington A Quincy..
Chic. Rock Island A Pao
Chio. St. P. Minn. A Orn., pref..
Cincinnati Hamilton a Dayton
do
4
7
7
and July.
and July
Chin. tV. Ind.
Coal, pref
Chicago A Northwestern
7
5
5
4
7
*5
5
4
7
Jan.
Jan.
payment.
years’ dividend**
January,
Name
INVESTORS’
188a. J
Dividend Periods.
of Company.
Oregon Improvement Co
Oregon Railway <fe Nav. Co.—
Oswego <fe Syracuse (leased)....
Oregon & Trans-Continental ...
Pacific Mail Steamship
Pennsylvania Coal..:
------Pitteb.Ft.W.& Chic.,guar, (l’sed)
do
Do
Pullman Palace Car
Rensselaer & Saratoga
Warren
Quarterly-
4k (u)
9
Ik
-Feb.
July
3k
Feb.
and
Aug.
Jan.
and
July.
Quarterly— Feb.
Feb.
and
3*2
9
(/)
10k
7k
(fc)j
!
Aug.
Quarterly—Jan.
April and
Oct.
BOSTON.
Atchison Topeka &
Boston A Albany
Boston & Lowell
Boston &
Boston &
Santa Fe..
Maine
Providence
BostonRevere Beach &
Boston
Lynn..
Concord & Mont., pref..
Cedar Rapids
& Mo. (leased) —
Do
do
pref
Central Br. Union Pac
Cheshire, pref
Chicago Iowa & Neb. (leased)..
Chicago & West Michigan
Cin. Sand. &Cleve., com
pref
Do
Concord
Connecticut River
Connecticut & Passumpsic
Detroit Lansing & Northern....
pref
dd
Do
Eastern, common
pref
Do
do
Eastern, N. H. (leased)
Eel River (leased)
European &
Fitchburg
North American...
Do
pref
Flint & Pere Marquette, pref...
Ft. Wayne & Jack, pref (leased)
Housatonic, pref
Iowa Falle & Sioux City (leased)
Iowa Railroad Land Co
Kans. City Ft. Scott & Gulf—
Do
do
pref.
Little Rock <fc Fort Smith
Lowell & Andover (leased)
Lowell & Framingham, pref—
Maine Central
Manchester & Lawrence
Marq. Houghton & Onton., com.
Do
do
pref.
Nashua & Lowell (leased)
Nashua & Rochester (leased)...
New York A.New England, pref.
Northern (N. H.)
Norwich & Worcester (leased)..
Old Colony
Pittsfield & No. Adams (leased)
Portland & Rochester
PortTnd Saco & Portsm.(leased)
Providence & Worcester
Rutland, pref
Vermont & Massachus’ts (l’sed)
Vermont Valley..
Worcester <fe Nashua
Worcester Nashua & Rochester.
1888.
Feb.
-
July.
(leased)
Declared*
Quarterly- -Jan.
(leased).
Union Pacific
1887.
and July.
Quarterly- -Jan.
Tennessee Coal & Iron
Terre Haute & Indianapolis....
1886.
1885.
1884.
Jan.
-
special..
Richmond & Danville
Richm’d <fc Wear, P. Term., pref.
Rome Watertown & Ogdensb’rg
St. L. A1 ton & T. H. (leased), prel
St. Louis & San Francisco, pref.
Do
do
1st pref.
St. Paul & Duluth, common—
Do
do
pref
St. Paul Minneap. & Manitoba.
1883.
“eb. and Aug.
Quarterly -Jan.
Quarterly- -Feb.
Jan.
Panama
1882.
3
SUPPLEMENT.
6
Quarterly- -Feb.
Quarterly- -Jan.
J an.
and July.
May
May
Nov.
Nov.
Jan.
and
and
8 A
6
9k
8k
5
May and Nov.
Quarterly- -Feb.
Feb. and Aug.
and July.
and July.
and Aug.
May
May
and Nov.
and Nov.
3k
6
and July.
Jan.
Jan.
Feb.
313 stk.
2k
Ik
Quarterly—Jan.
and
Aug.
Feb.
Feb.
Feb.
and
and
Aug.
Aug.
5k
8k
Mar.
June
and Sept.
and Dec.
4k
4k
Quarterly—Mar.
April and Oct.
3k
Jan.
Mar.
Jan.
and July.
and Sept.
and July.
Quarterly—Mar.
May
and
Nov.
and
Aug.
Feb.
Feb.
and
June
June
Feb.
and
and
May
and
Nov.
Feb.
and
Aug.
and
April and
May nnd
May and
Nov.
Oct.
Nov.
Nov.
and
and
and
and
and
July.
July.
Dec.
Dec.
and Aug.
May
Jan.
Jan.
Jan.
Jan.
Jan.
Aug.
7
(j) l*27k
6
10
13(0
9
July.
July
July.
Quart erly- -Mar.
and Aug.
April and Oct.
Jan. and July.
Feb.
Jan.
Jan.
and July.
3 & 17 stock.
and July.
PHILADELPHIA.
Bell’s Gap
Camden <fe Atlantic
Do
do
pref
Catawissa Ceased), pref
Do
new pref
Delaware & Bound Br’k (leased)
East Pennsylvania (leased)
Elmira & Williamsport (leased/.
Do
do
pref
Harrisb.Portsm.Mt.J.A L.(l’sed)
Huntingdon & Broad Top, pref.
Lehigh Coal & Navigation
Lehigh Valley
Little Schuylkill (leased)
Mineliill & Schiiyl. Hav. (leas’d)
Nesquehoning Valley
Northern Central
North Pennsylvania
(leased)..
(loased)...
Pennsylvania Railroad
Phila. Gerrnant. & Nor.
(leased)
Philadelphia & Trenton (leas’d)
Phila. Wilmington & Baltimore
Schuylkill Valley
United Cos. of N. J. (leased) —
West Jersey
and Nov.
and Nov.
Quartcrly- -Feb.
May
May
Jan.
and July.
May
and
Nov.
June and
Deo.
-Jan.
Jan.
Jan.
and July.
and July.
QuarterlyJan.
Jan.
Mar.
Jan.
July.
July.
and Sept.
and
and
and July.
Quarterly- -Feb.
Nov.
and
Quarterly- -Mar.
Quarterly- -Jan.
May
Jan.
Jan.
and July.
and July.
-Jan.
QuarterlyMar. and
Do.
do.
pref
Wil. Columbia «fc Augusta
Wilmington A Weldon
(o)
4
7
7
5
8
8
5
12
10
8
5
10
6
lk
3k
3k
4k
7
7
5
8 (p)
8
5k
12
10
8
5
10
6
*
4
2
2k
4
2k
2k
Sept.
BALTIMORE.
Atian. & Char. Air Line (leased)
Baltimore & Ohio—Main Stem..
1st pref. stock.
Do.
do.
do.
Wash. Branch
Do.
Central Ohio com
4k
Mar.
May
Jan.
May
Jan.
Jan.
Jan.
Jan.
and
and
and
and
and
and
and
nnd
8ept.
Nov.
July,
Nov.
July,
July,
July,
5
5
8
6
10
6
6
6
8
4
6
10
6
6
6
8
8
3
3
8
4
July.
t And 15 per cent in common stock, (u) Owing to a p
of Col
for 1885 was thrown into January. J.8,8?. educing the
cent in
O Increase due to change of dividend neriod.
(f) Began paying quarterly dividends with Nw,.1,1882
Springf. A Cinn., and 2 per cent in cash, (t) Now consolidated with Chicago A North wn. «) Common stotk chan^a into
(?) Consolidated with Old Colony, and this amount paid in settlement.
<•> Nashua & Rocliester and Worcester A Nas J™"
under name of Worcester Nashua A Rochester.
(1) Includes an <*xtra di\idend of 7
J[ Tllnft on
30 and Dec 31
(§) Dividend periods changed; 3 per ct. semi-annual was paid Jan. 1, and 1 k quar. Mar. 31, and
^har
(in) Tw o per cent of this was in scrip, redeemable In cash or convertible into stock.
_ .
10 per cent
(n) Four per cent of this convertible into stock.
(©) Two per oenfc of this convertible into stock.
(k) 7 per cent ot this in pieiened stock,
thepayment of the last quarterly dividend
percentage*°rfhi»188g
10 prererreasto?k
in ims ye^
J^^0.*lept.
Dec*J1,
BOND TABLES.
STOCK AND
NOTES,
These tables arb expressly intended to be used in connection with
week iu the Chronicle—to which an index is furnished in the remarks
The following will give explanations of each of the columns
the information concerning investment matters published from
Annual reports are in black-faced figures.
on each page.
of the tables below:
week to
f. fer “sinkingfund;”
and registered;” br.
M. for “mortgage;”
registered;” A for
Description.— Railroads leased are sometimes given under the lessee’s name. Abbreviations used are:
s.
1. gr. for “land grant;” r. for “registered;” c. for “coupon;” c.* for “coupon but may be
c. r.
“ coupon
for “branch;” guar, for “guaranteed;” cn t. for “endorsed.”
Date of Bonds—The date of issue is referred to in this column.
Miles of Road— Opposite stocks, this means the miles of road operated; opposite bonds, the miles
Size or Par Value.—These figures are dollars, showing the denominations or par value. The figures “100, Ae.,” signify $100
Rate Per Gent. - The interest per annum is given for bonds, but the per cent of last dividend for stocks; g means gold; x. extra:
covered by the mortgage.
Payable.—J. A J. stands for Jan. A July; F. & A., Feb. & Aug.; M. & 8., March A Sept.; A. & O., April A Oct.;-M.
Q.—J., quarterly from January; Q.—F., quarterly from Feb.; Q.—M.. quarterly from March.
Bonds, principal when due ; Stocks, last dividend.— The date in this column shows the period when
when the last dividend was paid on stocks..
.
■ .
When
June & Dec.;
and larger.
s. stock or scrip.
& N., May & Nov.; J. & D.,
the principal falls due of bonds, but the time
STATES
UNITED
BONDS.
INTEREST.
Size or
par
Author¬
izing
DESCRIPTION.
Act.
outstanding.
Jan. 1, ’88.
value.
45381
4s of 1907, coup, and reg., incl. refund,
4^28 of 1891, coupon and registered
3 per cents, Navy Pension fund
certfs.
1870 & ’71
1870 & ’71
July 1868
J’y ’62 A’64
Currency 6s, reg
Rate.
$50&c. $732,442,100 4, coin.
50Ac.
50&c.
lOOOAc.
Where
When
whom.
U. S. Treasury
Q-J
j
due.
payable and by
pay’ble
do
do
U. S.
230,544,600 4*2, coin. Q.-M.
14,000,000 3, coin. J. A J.
J. & J.
6
64,623,512
All the Government bonds except the currency sixes are redeemable
in coin, the sort of coin not being specified. The fours and four and a
halfs are issued in bonds of $50, $100, $500 and $1,000, both coupon
and registered issues, and the registered bonds also in pieces of $5,000,
A Sub Treas.
do
do
July 1,1907
Sept. 1, 1891
1895-6-7-8-9
Treasury.
“lawful money,” and mature as follows: $3,002,000 in 1895,
$8,000,000 in 1896, $9,712,000 in 1897, $29,904,952 in 1898 and
in
$14,004,560 in 1899. The interest on registered bonds is mailed by
check directly to the holders or to any address requested by the registeied holders.
The United States currency sixes are all
and $10,000, are payable
$10,000, $“0,000 and $50,000.
Principal—When
Amount
registered, issued in pieces of $1,000, $5,000
SECURITIES.
STATE
Subscribers will confer a great
Date of
Bonds.
DESCRIPTION.
Alabama—Substitution bonds (A) ($7,000,000).
Substitute b’ds for RR. (B) ($596,000)
do
.
for Ala. A Chatt. (C)
($1,000,000)
Funding “obligates” (tax-rec’ble 10-20 yrs.).
Arkansas—Funding bonds of 1869 and 1870..
Funding Bonds 1870 tHolford)
-
Levee bonds (or warrants)
Old debt, including interest to 1884
To Memphis & Little Rock Railroad
To Little Rock & Fort Smith Railroad
To Little Rock, Pine Bluffs & N. Orleans RR..
To Miss., Ouachita & Red River Railroad
To Arkansas Central Railroad
California— Funded debt bonds of 1873
Connecticut—Bonds, 10-20 year
? Coup.
Newr bonds (sink, fd.) not taxable
5 or reg.
New bonds, reg.
do
do
New bonds, coup, or reg
Bonds registered (redeem
at will)
Delaware— Refund’g bds., ser. “A,” “ B” & “C”
Bonds, redeemable after June 1, 1895
1876
1876
1876
1880
1869 to ’70
1870
1871
1838 to’39
1869
1870
1870
1870
1870
1873
1877
1883
1884
1885
1887
1881
1885
Size
Amount
or
Outstanding
Rate.
$100Ac.
$6,747,900
100 Ac.
100 Ac.
539,000
953,000
954,000
4
5
■
i,boo
1,000
1,268,000
100 Ac.
1,980;773
2,575,063
4,200,000
1,000,000
1,200,000
600,000
1,350,000
2,698,000
1,030,000
500,000
1,000,000
1,000
1,000
1,000
1,000
1,000
1,000
500 Ac.
1,000
1,000
1,000
1,000
1,000
943,400
14 5,050
375,000
1,600,890
280,100
787,300
2,098,000
307,500
542.000
2,141,000
254,000
2,025,000
3,904,783
824.500
206,000
500,000
174,000
Alabama
ue
$152,920,115 in 1881-82, $158,518,157
1885-86; tax rate $6 per $1,000.
Arkansas.—The State Supreme Court decided Levee bonds of 1869
and 1870 invalid ; nor are. the Holfordor the Railroad Aid bonds recog¬
nized by the State. The State is iu default for interest. In Jan., 1883,
a decision was made by the U. S. Circuit Court, substantially holding
the railroad companies responsible for the State bonds issued to them,
but this was reversed and the case appealed to U. S. Supreme Court.
The following are otlicial assessments and tax rate per $1,000 :
18st (one county
—(V. 44, p. 421.)
missing)..
85,531,485
53,775,852
Tax Rate.
-
$7
4
.
$ P52
$654,990,072
$166,614,631
688,311,102
171,201,282
5'44
664,50*,568
5*60
151,937,132
789,980,601
165,475,238
6-03
Connecticut.—The debt of Connecticut was all created originally for
war purposes. Assessed valuation and tax rate per $1,000 have been:
Real Est. & Personal.
Tax Rate.
Years.
1884
1885
1886
1887
‘ $1*25
200
1-25
of the true value.
Delaware.—These refunding bonds issued July, 1881, take up oute tan ding debt.
Series “A” are $160,000, redeemable 1886; series “B,”
7
3 A 3*2
6
7
7
4
6
Where
When
J.
J.
J.
J.
J.
A
A
A
A
A
Due.
Whom.
Payable
J.
J:
J.
J.
J.
Principal—When
Payable and by
N.
July 1, 1906
July 1, 1906
July 1, 1906
Jan. 1, 1900
Y., Am. Exch. Nat.Bk.
do
do
do
do
Montgomery.
1899
1900
1900
1860
1899
1900
1900
1900
....
J.
J.
A.
O.
A.
O.
A.
O.
A.
O.
A.
O.
J. A J.
M. A N.
J. A J.
J. A J.
A. A 0.
Vf. A N.
J. A J.
J. A D.
A
A
A
A
A
A
A
J.
J.
April, 1900
1893-94
Sacramento, Treasury.
May 1, 1897
Jan., 1903
Hartford, Treasury.
do
do
do
do
do
do
do
do
Phila., Phila. Nat. Bank.
do
do
Jan. 1, 1903
Oot. 1, 1910
May 1, 1897
1891, 1901
June 1, 1905
Jan. 1, 1901
July 1, 1891
J. A J. Wash, or N. Y., U. S. Treas.
do
do
July 1, 1891
J. A J.
do
do
July 1, 1899
J. A J.
do
Aug. 1, 1924
do
F. A A.
July 26, 1892
do
do
J. A J.
Oct. 1,1901 A ’03
do
do
J. A J.
m
m
m
do
do
A J.
N. Y. ,Park Bk. A Tallahassee
Jan.
do
do
J. A J.
Q.-J. N. Y., Fourth National Bk.
do
do
J. A J.
do
do
J. A J.
do
do
J. A J.
New York A Atlanta.
J. A J.
do
do
Various
N. Y., Winslow, L. A Co.
do
do
Various
N. Y., First Nat. Bank.
J. A J.
do
do
J. A J.
New York City.
J. A D.
Frankfort, Ky.
.J. A J.
J.
*
•
•
1892 A 1902
Jau. 1, 1901
Jan. 1, 1903
Oct. 1, 1890
May 1, 1892
July 1, 1896
Jan. 1, 1889
July 1, 1915
193 <5-33-34-35.
April 1, ’92 & ’95
•
•
mm
1887 to ’95
1887 to ’99
1905
1896
1886 to 1891 : series “O.” $165,000. redeem
July, 1891 to 1901. Iu addition to above, $83,000 is due Delaware
College. There is no State tax levied, nor assessments made.
District ol Columbia.—The interest and sinking fund on the 3-65
bonds are provided for by Congress, and the amount is limited to
$15,000,000. Real and personal estate. Ac.. assessed as follows: 1835,
real estate, $33,491,891;
personal, $12,715,666: tax rate. $15; 1886,
real estate, $9 >,054,301; personal, $12,532,997; tax rate, $15; in 1887,
$300,000, redeemable July,
able
red estate,
tax rate, $15 per
$112,300,000; personal, $12,000,000;
$1,000.
Florida.—Tlie sinking funds hold $218,800 of above bonds, and the
school, Ac., fun is held $625,500 more, leaving outstanding $130,700.
Coupons of all bonds are receivable for taxes. Rea! and personal property
assessed in 1683, $75,003,560, tax rate $4 per $1,000; in 1834, $60,042655; tax rate $4. Assessment in 18 36, $76,611,409; tax rate, $4.
Georgia.—The constitutional amendment in 1377 declared void
issues of bonds and railroad endorsements. The 4^ p.o. bonds,
of 1835 were sold to take up other bonds maturing In 1385 and 1886.
several
Tax rate,
3*2 mills.
Years.
5
California.—The State holds in trust for School and University funds
$2,364,000 bonds of 1873, leaving only $ 134,000 iu private hands.
Assessed valuations and rate of tax per $1,000 have been:
Years.
Real Estate.
Personal.
Tax Rate.
1884
$349,977,339
1885
349,177,537
1886
349,725,773 The assessed valuation of real estate is about 70 per cent
-<VoL 44. p. 80S.)
4*2
3,392,000
real estate and personalty wras
inl883-84 and $172,528,933 in
Personal.
6 g.
7
5
3-65
7
7
6 g.
7
6 g.
7 g.
7
7
6
14,033,600
in 1900,
franted
to that
railroad,
500,000
1,200.000
TholO-lO’sof
1880,of
may
be called
at partoafter
1890. acres.
The assessed
valuation
$50,403,812
52,13 1,530
4
4
6
616,200
A Chattanooga endorsed bonds were exchanged for $1,000,000 of
the new bonds, Class C. In 1880 the new 6 per cent bonds were
Issued to retire old 8 per cent “State obligations.”
Analysis of the
debt and funding of 18 ?6 was given in tlie Chronicle, V. 24, p. 23.
For the $2,000,000 of State 8 per cent bonds issued to the Ala. & Chatt.
RR. under act of Feb. 11, <1870, the State gave the lien on the lands
Real Estate.
3*2
3*s
3
3*2
1,000,000
625,000
120,000
156,750
3,166.900
1,000
Military bonds.
<$61,649,415
82,273,095
6
6
6
7
6
7
7
7
7
7
6 g.
5
1,740,000
\
after 1896.
4
1,255.000
2l3,
Alabama.—The “A” bonds bear 5 per cent
INTEREST.
par
Value.
School bonds
1872
500 Ac.
Cist, of Columbia- Perm’t imp’t, gold, coup
100 Ac.
1873
Permanent improvement bonds, coupon
100 Ac.
1879
Bds for fund’g (Act June 10, ’79) coup, or reg.
50 Ac.
1874
Fund, b’ds (U.S.guar., Acts June,’74& Feb.,’75)
50 Ac.
1872
Market Btock, registered and coupon
1871 to ’73
1,000
Water stock bonds, coupon
100 Ac.
1872
Wash, fund’g, gld,($618,100 are M. AN.,1902).
100
1871
florida—State bonds
100 Ac.
1873
Gold bonds
1870
1,000
Georgia—Quar. g. bds., act of Sept. 15, 1870...
500 Ac.
1872
Bonds, act of Jan. 18, ’72
1876
1,000
Bonds to fund coupons on endorsed bonds...
1877
1,000
Bonds exchanged for endorsed HR. bonds
1885
1,000
Funding bonds, coup. Act Dec.
'84
State University Bonds
r 1882 & ’83
1885
Indiana—Temporary loan
1867 to ’73
School fund bonds (non-negotiable)
Kansas— B’ds for State purp. 1 $574,500
held C 1864 to ’75 100 Ac.
1866 to ’69
Military loan
> in State f'ds—
1884
1,000
Kentucky—Bonds, gold
1866
lp.00
1884
1885
discovered in tbese Tables.
favor by giving immediate notice of any error
Assessed valuations have been:
Personalty.
Real Estate.
$120,432,609
$174,452,761119,200,739
179,9 46,059
Railroads.
’ $22,183,901
23,000,294
(tot.valuat’ns) -—1
—-$329,189,505—
Iiidiaua.—There are also outstanding $3 40,000 5 per cent
due 1901, held by Purdue University; $60,000 State University
held by Treasurer, and about $18,000 miscellaneous issues of
'
1836
bonds
bonds
bonds.
Valuation iu 1885, $793,526,079,
Valuation in 1836, $79 4,696,597.
Total debt Oct, 31, 1386, was $6,006,603.
Kansas.--Kansas has but a small Scat s debt, but the issue of municipal
bonds was about $19,397,851 Jan. I, 1887.
Population in 1834, 1,135,-
614; in 1867, 1,500,000.
The valuations (about one-half of true value)
have beeu:
,
Years.
1885
1386
1867...
Real & Per-
Property.
$247,371,645
277,113,323
310,596,636
Rate of Tax
per
sonai
-
$
$1,000.
4 10
Total
Debt.
$
830,500
Kentucky.—Against the bonds as above the sinking fund held
$711,150, Sept.,’87. Valuation iu 188 4, $377,883,542; in 1885. personal,
$96,838,949; real estate, $293,989,044;
total valuation, $390,827,963,
Subscriber* will
confer a great favor by
ff
SECUKITIES
STATE
1888.1
January,
discovered In these Tables.
giving Immediate notice of any error
INTEREST.
Date of
Bonds.
DESCRIPTION.
For
explanation see notes on firs - page of
tables.
Size
Amount
or
par
Value.
outstanding.
Rate.
Where
When
payable and by
Prin cipal—When
due.
whom.
Payable
*
of State Treasury and miscel.
Louisiana—Relief
**T>^k-ri’r\a in
nf various railroads
Boeuf & Crocodile Navigation Co...
to Mississippi A Mexican Gulf Canal..
school, held by 8t. Treasurer
ponds to
do
do
flo
do
to N. Orleans, Mobile A Chatt. RR
to N. Orleans, Mobile A Texas RR
Mob. A Texas RR. bonds, end. by State
Consolidated funded bonds(stamped 4 per ct.)
‘‘Baby” bonds, threes...
N O
loan bonds
i Coup.
assumed
S or reg.
Maryland—Baltimore A Ohio Railroad, sterling
Chesapeake A Ohio Canal, sterling
Railroads and canals
Eastern Shore Railroad
Baltimore A Susquehanna Railroad
Baltimore A Susquehanna Railroad
Annapolis A Elkridge Railroad
Defense redemption loan
Deaf and Dumb Asylum Loan
Treasury relief loan, 10-15 years
Exchange loan of 1886
Massaenuselts— Bounty Fund Loan
Maine— Bounty
Municipal war debt
1853
1870
1869
1857
1870
1871
1869
1874
1880
1864
1868
1838
1838
1838-47
1839
1837
1839
1839
1882
1870 A ’74
1878
1886
1864
1864
1869
1858 to’61
1861 to ’63
1871
1875
1873 to ’74
1875
1877
1860
1868 to ’69
1874 A’76
1874 A’77
1875-’76
1875
1865
$40,100
175,000
80,000
260,000
48,000
$500
1,000
i;ooo
1,000
1,000
1,000
70,000
2,500,000
1,000
875,000
1,000
100 Ae.
....
500 Ac.
100 Ac.
11,966,450
1,437,000
2,330,000
2,827,000
'
•
•
•
•
•
•
•
•
m
m~r
1,784,444
2,263.333
309,485
64581 8 1
do
War Loan,
sterling
do
sterling
Greenfield Railroad loan, sterling
do
home
sterling
do
do
sterling
do
dollar bonds
do
do
do
do
Southern Vermont Railroad Loan
Boston, Hartford A Erie Railroad, sterling...
Harbor Land Improvement (5-20s)
Troy A
do
do
do
do
do
do
Lunatic Hospital
Lunatic Hospital, Worcester
New State Prisons, sterling
Michiaan—War Bounty Bonds
Danvers
Minnesota—Adjustment bonds, (10-30, red. ’92)
Kissouri—University and Lunatic Asylum bds.
Penitentiary indemnity
State Bank stock refunding
Bonds to Cairo A Fulton Railroad
Bonds to Platte County Railroad
Bonds to Iron Mountain Railroad
Pacific Railroad of Missouri
Funding bonds
5-20 years
5-20 years
Hannibal A St. Joseph Railroad,
do
do
Nebraska— Bonds (act Feb.
renewal
14,1877) coupon...
Hampshire—War loan, coupon bonds
New
Municipal war loan
Loan of 1879 for refunding
Prison loan
New Jersey—War loan bonds, tax free
do
do
taxable
New York—
(
Canal debt, (
Under Art. 7, Sec 3,
reg. stock. Institution.
Niagara Park Loan
In 188(5,
personal.
of
(
Con-^
[
bds. (held in trust funds).
1881
1872
1874
1857 to ’59
1859 to ’60
1854 to’59
1853 to ’59
1874
1886
1837 A ’38
1874
1877
1864
1872
1879
1879
1863
1864
1875
1873
1874
1885
•
•
•
mm
31,069
269.000
298,435
62,605
r
mm
mmmm
m
m
m
m
mmmm
mmmm
3,000,000
125,000
500,000
mmmm
....
500 Ac.
£100 Ac
£200
£200 Ac
500 Ac.
200 Ac,
£500
1,845,589
4,379,500
4,022,649
1,005,419
5,537,104
1,366,500
3,618,242
1,506,182
1,000
300,000
1,000
10,000
5,000
1,300,000
£200
1,000
1,000
1,000
£500
1,000
1,000
1,000
1,000
1.000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1.000
1,000
100 Ac.
370,000
200,000
3,618,729
300,000
1,500,000
1,100,000
1,299,355
231.000
3,965,000
185,000
24,0 10
80,000
246,000
428,000
1,190,000
1,474,000
617,000
2.278,000
4,337,000
659,000
449,267
150,000
2,206,100
400,000
53,000
802,900
1,000
1,000
100 Ac.
100 Ac.
100 Ac
100 Ac.
100 Ac.
1,000
593,400
473,000
4.074.200
1,998,000
800,000
$293,204,320; in 1387.
$132,929,408; real estate, $351,519,622.
personal. $95,654,572; real estate,
Louisiana.—The Constitutional amendment passed Dec., 1879.
provided for a new bond in place of consols of 1874. bearing 2 per cent
for 5 years,
and 4 per cent afterwards. In
constitutional amendment passed the Legislature and
3 per cent for 15 years
June, 1882, a
was continued at the election in April, 1884. giving new bonds at 4 per
cent after Jan. 1, 13^5, and doing away with the provision of 3 per cent
considerable overdue interest of the years
limits the power of
3 mills may be ap
preprinted for interest on the debt; in 1881 IHj mills suilieed to pay 2
per cent, but for 1885 a rate of 278 was made on a total taxable valuation
of $212,725,566.
A suit by the State of New Hampshire against
Louisiana as assignee ot her bonds, was decided in favor of Louisiana by
for fifteen years.
There is
1874 to 1880, inclusive. The constitution of 1879
taxation to 6 mills on the valuation, of which only
the U. S. Supreme
Court.
1887, was $5,157,000. The sinking
Tax rate for 1880, $5’00 per $1,00) of valuation
$l,50; 1883-84, $1*00; 1835-6, $3-75 on valuation
Maine.—'The debt January 1,
fund $2,110,340
of 1870; 1881-82,
of 1881.
canals and railroads, and
the State
includes
$25,371,966 on account of Chesapeake & Ohio Canal.
The State ex¬
changes the “Defense Loan” at par for new certificates of indebtedness,
bearing interest at 3:65 per cent, redeemable in 15 years. Assessed val¬
Maryland.—The State has largely assisted
holds $5,302,286 of stocks and bonds ranked as productive;
also holds $23,126,034 in unproductive securities, which
uation, Ac., have been;
Years.
Real A Personal. Tax per $1,000.
$166,089,380
$L87^
469,593,225
473,452,144
476,829,611
187*2
1883
1884
1885
6
J. & J.
Various
6
J. A J.
8
7-30 M. A 8.
Various
6
J. A J.
8
A. A O.
8
8
7(4) J. A J.
2,4,3 J. A J.
J. A D.
6
A. A O.
6
5 g. J. A J.
5 g. J. A J.
5
Q.-J.
A. A O.
5
3
Quart’y
6
Q.— J.
A. A O.
6
i.
A J.
3-65
I. A J.
6
J. A J.
6
J. A J
3
5 g. M. A N.
5 g. M. A N.
5 g- J. A J.
5 g- A. A 0.
5 g. Various
J. A J.
5 g.
5 g- J. A J.
5 g- J. A J.
5 g.
r. A J.
M. A 8.
5 g.
5 g.
A. A O.
r. a j.
5 g.
5 g. J. A J.
Various
5 g.
5 g. Various
5 g. J. A J.
M. A N.
7
J. A J.
4*2
6
J. A J.
6
J. A J
J. A J.
6
J. A J.
6
I. A J.
6
J. A J.
6
J. A J.
6
6
J. A J.
J. A J.
3*2
J. A J.
3*2
L A J.
6
A. A O.
8
M. A S.
6
J. A J.
6
J. A J.
5
J. A J.
5
J. A J.
6
J. A J.
6
6 g. A. A O.
6 g. J. A J.
A. A O.
6 g.
J. A J.
2*2
July, 1893
$12,000
108,000
80,000
Amounts not
fundable,
48,000 f per report of ]
Jan. 1, 18S7.
70,000
260,000
2,500,000
1872 to 1906
Jan. 1, 1890
1899
1897
July 1, 1910
April, 1911
875,000
•
N.Y., Winslow, Lanier A Co
New Orleans.
Boston, Suffolk Bank.
Augusta and Boston.
London, Baring Bros.
do
do
Balt., Farm. A Merch. Bk.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
•
1887 and 1914
June 1,1889
Oct. 1, 1889
Jan. 1, 1889
Jan. 1, 1889
1890
April I, 1890
April 1, 1890
Jan 1, 1899
Jan. 1, 1889
Jan. 1, 18n3
1920
do
do
Treasury.
London, Baring Bros.
do
do
Boston
do
do
do
•
1890
Jan. 1, 1890
Boston, Treasury.
London, Baring Bros.
do
do
Boston
•
Jan., 1914
Treasury
May 1, 1894
May 1, 1894
July 1, 1889
Apl., 1888 to ’90
April, 1891 to ’94
July, 1891
Jan. 1, 1895
1894
July 1, 1895
do
do
Sept. 1, 1897
April 1, 1890
do
London, Baring Bros.
Bostou, Treasury.
Boston, Treasury.
1, 1900
Sept, 1, 1896
Jan.
r’yl,’94-Sepl,’97
\t’yl’95-8epl,'96
Jan. 1, 1895
London, Baring Bros. A Co.
May 1,1890
N. Y., Aui. Exchange Bank.
1911
N. Y. City. First Nat. Bk.
July 1, 1892
N. Y., Bank ot Commerce.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
April 1, 1895
Aprii 1, 1894
1888 and’89
1889 to ’90
1888 to’89
1S8H and ’89
do
do
do
do
do
do
July, 1894 A ’95
Jan. 1, 1911
1907 A 1908
1894-o-6
N.Y., Kountze Bros.
Concord or Boston.
do
do
Bost.,Nat.Bk.Commonw*lth
do
do
Jersey City and
do
do
N. Y.,
Manhattan Co. Bank.
do
do
do
do
State
Trenton.
April 1,1897
Sept, 1, 1889
Jan., ’92 to 1905
July 1, 1889-’92
Jan., 1888 to '91
Jan., 1888 to ’96
Jan.,’97 to 1902
Oct., 1893
J ulv 1, 1891
Oct. 1, 1892
Comptroller’s Office.
$100,000 yearly
personal property, 1882, $110,000,000, an 1 in 1886 and 1887, $915,450,000; in ’83, tax rate, per $1,000, $U82; in ’81, $11003; In '85,
$2-04; in ’86, $1*27.
Minnesota.—All the old State bonds
formerly held by the permanent
school fund have been redeemed or exchanged for 4^3. Minnesota refused for some years to recognize the “ State Railroad
to the amount of $2,275,000, but a proposed compromise
holders was provided for in 1881, and was carried out by
the 4*2 per cent bonds. Taxable valuations
tax per
have been:
Personal.
Tax Rate.
Real Estate.
Years.
Bonds” of 1858,
with the
the issue of
and State
$1,000
1883
$255,910,090
1881
307,859,774
310,781,118
330,000.000
1885
1886
$D80
$78,549,269
1*30
1-80
1-30
80,298,879
80,300.000
83,000,000
Bonds maturins are
1, 1887,
$14,180.certificates, $3,653 000. Tne
for its debt, but
its
$3,000,ensued, re¬
sulting in a judgment against the company for $176,019, as due the State
on May 11, 1883; an appeal to the U. S. Supreme Court is yet pending.
The following is a statement of the assessed property in this State on
Missouri.—The tax rate is $ POO
fier $1,000.
funded in 5-20 year bonds.
Total State debt Jan.
was
000, including school fund and University
Hannibal A St. Joseph RR. paid the State $3,000,000
own
the State refused on Jan. I, 1882, to pay the coupons on
000 of bonds.
Litigation between the State ami company
June 1, 1883, 1884
and 1885 :
1883.
Real estate
Personal property
Railroad property, Ae.
$443,144,455
173.345,191
39,760,767
1881.
$495,293,007
186,425,373
41,564.997
1885.
$513,803,118
131,133.128
46,444,835
$746,331,081
$726,233,378
Nebraska.—The State school fund holds $326,267. Assessed valu¬
-(V. 43, p. 217.)
ation of real estate, personal, railroad, Ae. (33*3 per cent of true value,
Massachusetts.—The funded debt, Jan. 1, 1887, was $31,429,680;
and tax rate per $1,000, have been :
the sinking funds were $18,964,412. The Hoosac tunnel and connections
cost the State
heavily.
The loan to Boston
Hartford A Erie Railroad
secured by “Berdell” mortgage bonds, afterwards exchange! for
N. Y. AN. E. RR. second mortgage bonds, and these bonds were sold
in 1885 at 90. Assessed valuation, tax-rate, Ac., have been:
was
Real
Estate.
3
Years.
1882
1883
Personal
Property. *
Total
Sinking
Debt.
Funds.
$32,511,680 $16,944,263
31,423,680 16,836,672
1,258,452,712 829,339,811
31,423,680 17,731,725
1885....
1,287,993,899 827,043.710
31,423,680 18,182,672
1886
1,340,493,673 839,409,214
31,429,680 18,964,412
Michigan .—The debt is oractically extinguished, as the sinking fund
has sufficient assets to pay the bonds.
Equalized valuation of real and
$1,189,524,370 $812,858,614
1,226,111,297 835,601,175
Total
$656,250,413
Valuation.
Tax Rate.
$126,615,886
$7-69*2
133,418,700
7-72**
1*86
143,932,570
7*62*a
1887
160,506,266
New Hampshire.—The debt of New Hampshire was oroated for war
purposes. The Municipal loan of 1872 was issued to cities and towns,
the proceeds to be applied to their war debts. Total valuation in 1883
$227,914,543; in 1884, $231,340,088; in 1886, $238,166,855; tax rate
for State purposes nearly $2*00 on $1,000 of valuation.
New Jersey.—The debt was created for war purposes. Valuation
<ST real and personal prsperty (taxable) was $573,256,203 in'|1988.
Years.
SUPPLEMENT.
INVESTORS’
6
Subscriber* will confer a great
flivor by glring immediate
[Vol. XLVI.r
notice of any error discovered in tbese Tables,
INTEREST.
Date of
Bonds.
DESCRIPTION.
Por explanation see
1879
North Carolina—Fund, b’ds (coups, tax-ree’ble).
Old bonds not funded
Bonds to North Carolina RR , fundable
Bonds for N. C. RR. issue (tax receivable cps.)
RR. bonds not fundable (Chatham and W. AT.)
1882 (registered)
in ten series
Agricultural College land scrip
Rhode Island—War bonds
War bonds
South Carolina—State House
Funding bonds and stock
stock and bonds..
Ridge Railroad bonds
Funding bills receivable
Payment of interest
Funding bank bills
Blue
Conversion bonds and stoca
$3,068,486
500 Ac.
2.010,600
1,000
202,000
1,000
2,593,000
1,180,000
1,000
1,000
44.000
a,ooo
11,366,000
1868
8 1182536. 185.$,60 2
Loan of February,
do
do
$50 Ac.
1879
Penitentiary bonds, act Aug. 24, 1868
Special tax bonds (in 3 classes)
Ohio—Registered loan of 1881.
New 3% loan (*250.000 due yearly after ’89).
Pennsylvania—Reg. bonds, tax fr. (red’ble’92).
Registered bonds, tax free, 15-25 years
outstanding.
par
Rate.
Value.
notes on first page of tables
1881
6,502,000
1,818,400
6,861.100
1,249,600
100 Ac.
1877
100 Ac.
1879
50 Ac.
1882
50 Ac.
1882
1872
1863
1,000
1864
1,000
1853 to ’54
1,000
50 Ac.
1866
1854
1,000
'
1868
1868
1863
1869
1878
1874
500,000
•
•
•
4
6
6
6
6
6
6
4
600,000
2.749,990
100 Ac.
•
614.000
732,000
154,114
•26,650
52,000
1,000
13,000
1,000
128.000
36,500
500 Ac.
500 Ac.
41,200
3
5
4
3^ A 4
3^ A 4
6
6
6
6
6
6
6
6
...
registered, act of 1873
Held by E. T. University (not to be funded)..
Compromise bonds (act of May 20, 1882) ....
Settlement bonds, aot of March 20, 1883
Bonds
©
418,941
®
1,000
1,000
1,000
1874
500 Ac.
100 Ac.
100 Ac.
1883
1872
Texas—Funding State debt fact May 2, 1871)...
1871
1,000
Frontier def’se, gold, act
1872
1,000
Revenue deficiency bonds, act Dec. 2, 1871..
1874
1,000
Bonds, act Mar., 1874 (for paying float’g debt)
1876
1,000
Redemption of debt, act Aug. 6, ’76
100 Ac.
1879
Bonds, act April 21,1879
1867
Bonds issued to School Fund
1851 to ’66 500 Ac.
Virginia-*Old bonds, 23 fundable
£100 Ac
1851
Old bonds sterling 23 fundable
100 Ac.
1871
Consol, (act Mar. 71) coup, tax receivable—
100 Ae.
18' 1
do
do
reg., conv. into coup...
100 Ac.
1872
do
(act 1872) “ Pealer,” cp. not rec’ble..
1*72
do
do
“ Pealer,” reg. and certifs .
Various
1871
Deferred certificates (W. Va.)
—
1879
1C-40S, act March 28, ’79, coup, and reg
1879
do
do
sterling
100 Ac.
1882
“Rlddleb’r” b’ds, acts Feb.l4,’82.ANov.29,'84
do
do
5 & 6 per cents.
6,138,995
500 Ac.
Various.
1882
e.
c
j
4,200,000
397,000
2,014,000
10,932,400
1,038,000
67,000
499,000
467,000
288,000
Aug.5,’79(red'bler91)
.
-
•
1,647,000
1,068,900
82,168
1,759,425
629,090
•
13.019.000
1,212,910
365,000
532,684
12,691,530
6,890,300
219,800
■
3,689,000
?565,500,687
tate school tax,
in $21885;
50 per
$554,828,114
$1,000.
in 1884; $548,495,069 in 1883.
financial condition of the Statehasbeen fortified by
all debt except as above. Niagara loan bonds are held
by State in its trust fuuds. The sinking funds October, 188 7, amounted
to $3,9f 2,129. The new Capitol building has cost the State tnus far
$17,914,875, paid for by taxation. Valuations and State tax rate per
$1,000 in 1887 and for four years previous were:
State tax.
New York.—The
the payment of
Real estate.
Personal.
$ i\50
$2,315,400,526
$322,468,712
2*57
2,669,173,311
345,418,361
2-96
1885
332,383,239
2.762,348,000
2-95
1886
2,899,899,062
324,783.281
2-70
188*7
3,025,229,786
335,898,389
Nortli Carolina.—Interest was paid up to January 1882 on the
bonds issued to No. Car. RR., as the State holds $3,000,200 stock ami re¬
ceives dividends thereon. The old North Carolina RR. construction
bonds are exchangeable for the new 6s, due 1919 (see V. 35, p. 132). and
many holders have already ho exchanged. The funding law of March 4.
1880
....
1879, provided for funding old ante-war bonds at 40 per cent of tbe face
value; “ New ” railroad bonds recognized as valid at 25 per cent; fund¬
When
Payable
Where Payable
Whom.
and by
1909
1868 to ’98
1884 to ’85
J. A J. N. Y., Nat. Bk. of Republic.
Various Cps. since July ’68 uupaid.
Various
Raleigh, State Treasury.
A. A 0. N. Y. Nat. 8k of Republic.
....
A O.
A O
A J.
A.
A.
J.
J.
F.
F.
F.
F.
A J.
A A. Phila., Farm.
do
A A.
A A.
A A,
....
April 1, 1919
1868 to ’98
tips, since July’68 unpaid.
Coup, of Jan.’69Asince unp.
Cps. A A 0’69 A Ap ’70 unp.
N. Y., American Exeh. B’k.
N. Y., Nat. Bk. of Republic.
Oct., 1898
1898 to ’99'
July 1, 1888
July l,’89-’99
A Mech B’k. ’92 to Feb.1,1902
*
do
Aug. 1. 1904
Feb. 1.1912
1, *68 to ’92
Feb. 1, 1922
do
do
do
do
Aug.
Harrisburg, Treasury.
J. A J. Providence, R.I.H. A T. Co.
do
do
F. A A.
J. A J. Columbia, State Treasury.
g. J. A J. Columbia and New York.
Columbia, Treasury.
g. J. A J.
g. A. A O. Columbia and New York.
do
do
g. A. A O.
do
do
6 g. J. A J.
do
do
6 g. J. A J.
do
do
6
J. A J.
J. A J. N. Y/, National Park Bank.
6
J. A J.
f
6
) 5A6 J. A J.
J. A J.
6
Nashville, Treasurer.
3, 4, 5, 6 J. A J. New York, Cont'l Bank.
Nashville.
3
J. A J.
do
J. A J.
5 A 6
State Treasury.
6
Various
M. A S. New York, Bank or N. Y.
7 g.
do
do
7 g. J. A J.
do
do
7 g. J. A J.
6 g- J. A J. New York A State Treasury.
do
do
J. A D.
5
State Treasury.
6
T. A J.
6
J. A J.
5
J. A I.
6
J. A J.
6
J. A J.
6
6
J, & J.
J. A J.
6
J. A J.
3 to 5
J. A J.
3 to 5
J. A J.
Richmond, Treasury,
3
1183-54. 8235.
Deficiency bonds A stock (act 1878)
Consol, bonds and stock (Brown)
Tennessee—Funding bonds, act of 1873
Principal—When
due.
Amount
Size or
July 1, 1893
Aug. 1, 1894
1871 A ’81
J’ly 1,1887 to’97
J’ly 1,1875 to'79
July 1, 1888
July 1, 1888
July 1, 1889
July 1, 1882
July, 1888
July l, 1893
July 1, 1914
1892, ’98, 1900
.
Various.
Jan. 3,1912
'
July 1, 1913
July 1,1913
1891
1911
1892
March 1, 1904
.
?
July 3, 1906
July 1, 1909
....
!
!
T
.
Contingent
............
...........
Matured.
1886 to ’95
1886
1905
1905
1919
1919
♦
j
July l, 1932
I
Tennessee.—A funding law was passed (act of May 20, ’82) without
the tax-receivable coupon clause, and giving new hoods at 60 percent
of tbe principal and interest of old, the uew bearing 3 per cent in 1882,
83, 4 per eeut in 1884 and 1885, 5 per cent in 1886 and 1887, and 6 per
cent 1888 to 1912.
Exchanges were made in New York July, 1883,
and $8,224,351 of these compromise bonds were issued. The Legisla¬
of 1883 repealed this law and passed a new one adjusting the debt
the basis of new bonds at 50 per cent of the face value or old, and
bearing 3 per ceut interest; the old State debt proper of $2,118,000 was
made an exception, and now 5 and 6 per cent bonds were issued for that
at the face value.
The compromise, bonds of 18i<2. being 3, 4, 5 and 6
per cents, are fundable into the hew settlement 3s. at live sixths of
the lace and interest, up to and inelusivo of July, 1883. coupons—thus
ture
on
$1,000 compromise bonds receive $858*33 in new 3s, and interest sinoe
July, 1883, pail in cash. All the settlement bonds are redeemable at
option of the State after July 1,1888.
Assessed valuations and tax rate
per $1,000 have been as follows :
Other property. Railroad prop’ty. Tax rate.
Real estate.
$2-90
$•
1882
$26,546,245
.$195,383,568
3*00
31,517,299
1883....
195.753,414
26,884,459
3-00
1884....
26,631,284
34,359,179
299,212,999
3-00
25,651.893
31,047,582
18*5
291,997.599
390
31,547,582
1886....
24,799,914
290,118,265
.
.
.
ing bonds of 1866 and 1868 at 15 per cent. Nothing for overdue cou¬
pons. Coupons of the new bonds are receivable for taxes. The term
Texasi.—The old lii"h-rate bonds were redeemed and lower interest
for funding ended; but has been continued till M.ircb., 1889. If
all were funded the new 4 per cents would be $3,589,511.
Special bonds issued. Assessed valuations and rate of tax per $ 1,099 have been:
Total val’ation. Tax rate
Personalty.
Real estate.
tax bonds were ignored; also bonds to Chatham RR., 1868, $1,030,000, Years.
$3
$119,925,476
and to Williauiston A Tarb. RR., $150,000, and for Penitentiary under 1882.... $259,157,994
$169,767,572
3
527,537,399
act* of 1868. The special tax bonds are in 3 classes, class 1. bearing 1883....
228,578,137
298.959,253
3
693,969.917
the coupon of April 1869 and since; class 2 of Oct. ’69; class 3 of Apl ’70. 1884.... 347,846.953
255,213,964
3*75
In Juuc, ’t7, U.S. Circuit Court decided the suit of special-tax bondhold- 1885....
245,121,395
621,911,989
37%899,594
3 75
639,525,123
235,313,445
holders, and the case goes to the U. 8. Supreme Court, and in ’87 Messrs. 1886.... 395,211,678
Morton, Bliss & Co. were negotiating a settlement on the basis of a new
Virginia.—Tbe old bonds two-thirds fundable and the sterling
4 per cent bond.
bonds carry coupons from July 1869, except the years 1872-3-4. The
Assessed valuation of real estate is about 60 per oent of true value. consols, of 1871 carry coupous of Jan. 1875 and since. The 10-408 carry
Valuations and tax rate per $1,000 have been: Jan. 1881 and since; but the consol, and 10-40 coupons being taxTotal val’ation.Tax $ $1,000 receivable, these bonds are generally sold with matured
Years.
Real estate.
Personalty.
coupons
$180,377,525
$2-50
off.
The first funding law of March. 1871, allowed holders of
$108,988,184
$71,389,341
201,222,723
2*50
124,135,377
77,087,346
bonds to fund two-thirds of their debt into now 6 per cent bonds, bear¬
209,569,096
2-50
126,955,679
82,613,417
ing coupons receivable for taxes, and receiving for the other one-third
202,752,652
250
121,618,200
of their principal a “ deferred certificate,” to be charged to West Virginia.
81,134,122
The act of 1872 repealed the tax-receivable clause of the law, and the
—(V. 44, p. 744; V. 45, p. 53.)
Ohio.—Ohio has a State debt of only about $3,341,000, but large local bonds issued under it were called “ Pealers.” The McCulloch law of
debts, amounting in 1887 to $53,528,387, against $25,957,588 in 1875; March 28, 1879. authorized the 10-40 year bonds, bearing 3 per cent
this increase being mainly in city debts. Valuations in Ohio have been for 10 years, 4 per cent for 20 years and 5 per cent for 10
as follows :
years, coupons tax-reeeivable. In February, 1882, the Riddleberger
Real estate.
Personalty. law for re-adjusting the debt and the laws familiarly known as
Real ostate.
Personalty.
“Coupon killers,” were passed (see V. 34, p. 88. The Riddleberger
$
509,913,986
1866. $663,647,542 $442,561,379
1886. 1,173,106,705 515,569,463 act provided for the issue of new bonds, dated July
1, 1882,
1880. 1,102,049,931 456,166,034
1887. 1,185.010,625 520,172,094 into which all others could be funded at specified rates below par, varying
1884. 1,145,475,210 528.298,871
from 47 to 31 on the different classes. This law was also amended
—State tax rate per $l,(J00for’86-87, $2*90. (V. 43, p. 775.)
.
Pennsylvania.—Revenue is raised principally from corporations.
are levied on personal property.
The rate per $1,000 tu 1886
was $3.
Sinking fund, Nov., 1886, was $10,180,746, including $5,395,814 in U. 8. govts. Any coupon bonds may be changed to registered.
Taxes
1884, $1,600,000,000.
created for war purposes. In
January, 1887, the net debt, less sinking fund, was $772,000.
The
State valuation of real property up to 1887 was $323,530,559; tax rate,
$1 20 on $1,000.
Real estate valuation in
Rhode Island.—The debt was all
South Carolina.—The funding law of Dec. 23. ’73, provided for
scaling down the old debt 50 percent. Tbe consols were againre¬
adjusted ” in 1879. The several acts were passed Dec. 3, L873, Dec. 24,
1378, Dec. *24, 1879. and February, 1880.
In July,- 1887, there
were green consols not yet exchanged, $826,171, less amount invalid.
$631,373. Tlieolrt issues yet fundable on J dy 1, 1887, Were $454,149.
Valuations and rate of tax per $1,000 have been:
Railroads.
Tax rate.
Years.
Real estate,
Personalty.
$500
$13.76% 400
$41,785,768
f882-83... $77,609,666
JT885-86...
87,131,400
87,559,538
86,114,852
48.249.939
46.904.705
42,836.288
15,227,964
15,263,366
15,521,041
5*iO
5-50
5-25
and all bonds offered for funding after Jan., 1885, were required to
carry the coupon of that date.
Tbe Supreme Court of tbe
States lias three times passed on the Virginia laws, and while sustaining
in theory the principle that the tax-reeeiva'de coupon law
a contract with tho bondholders, still the court has so far upheld the
laws passed subsequently that tlie coupon clause Las been
United
constituted
practically
defeated and bondholders lose their remedy.
A movement was begun in 1885 to procure an adjustment of the
“Deferred” bonds or certificates by the Legislature of Wrest Virginia
and the holders of some $%<J00,000 deposited their bonds with the
Farmers’ Loan A Tr. Co., and the certificates of that Co. were listed at
the Stock Exchange.
;
In May, 1887, tlie
ment failed, though
negotiations with English bondholders for a settle¬
liberal concessions were offered by tho bondholders.
Assessed valuations have been as follows:
Real Estate.
Personalty.
Years.
1*84....
$23*2,386,357
236,368,227
239.826,000
$77,666,765
81,789,710
88,974.040
84,884.270
Total.
318,157,937
328.800.040
341.800.410
340,760,906
256.916,140
67,607,935
83,152,971
-<V. 44, p. 151, 495, 527, 572, 627, 730: V. 45, p.
1*86
Tax Rate*
$4 00
4 00
4*00
4‘00
400
512, 768, 817.)
$310,053,121
SECURITIES.
CITY
1888.]
January,
Subscribers will
confer a great favor
of any error discovered In these
by giving Immediate notice
I
INTEREST.
Date of
bonds.
DESCRIPTION.
Size
Congress Hall Block..
,
1874
1874-’80
1882
1882
1865
1367-’72
do
floating debt
62,000
858,000
500 Ate.
349,000
1869-’70
1,000
1870 & ’72
1874
1877
1881
1879
500 Ate.
400,000
318,000
Augusta, Ga — Bonds for
5481
various purposes
Consolidated bounty loan
Exempt bounty loan
Public parks (Druid Hill)
Park improvement loan
Patterson Park extension
Five million loan to Baltimore
New City Hall
Western
do
Water loan
335,000
55,000
141,000
6
6
4*2
6 At 7
6
5
5
6
6
6
6
1872-’84
($957,000 are 5s&$390,000 3-G5s)
do
Endorsements for Western Maryland
do
do
Union Railroad
1,000
185,723
Ate.
Ate.
Ate.
Ate.
Ate.
Ate.
100
100
100
100
100
100
3
700.000
800,000
1,000,000
1861
1869
Lincoln Railroad ($23,750 each year) 1871-’72
do
(F.AtA. and M.AtS) ..
Railroad refunded
1864 to ’80
Knox A:
do
Boston—City debt and Charlestown
City debt registered
....
600,000
684,000
1,700,000
1,000
875,000
117,000
50,000
50,000
100,000
500,000
1,000,000
500 Ate
925,000
Various.
Various.
Various.
Various.
Various.
180,500
137,000
425,000
1,000
500 Ate.
1,000
500 Ate.
450,000
1,391,000
....
....
....
....
....
....
.
....
5 per
Stony Brook
4^
4
4 per
1875-’7G
cent gold
do
do
cent
cent
improve’t, seemed byskg. fd...r
Bush wick avenue
BouthSeventh st.
Fourth avenue
Wallabout Bay
New York Bridge
Bonds for N. Y. At
•
do
do
do
do
do
do
do
do
do
do
do
.
Park loan
1837
1887
1861
1865
1866
1865
1863
.
.
.
....
.
1000 Ate
1868 At ’69
loan, registered and coupon
Brooklyn Bridge, cp. or reg.
Prospect Park loan, reg. At coup.
Prospect
....
18S4-85-8.
38} per cent
3 per
....
1879
1879-’80
1883 to’87
BrooKiyn—Brookivu local improvement loan...
Soldiers’ aid fund loan
Gowanus canal improvement loan, local
-
....
....
do
do
do
do
do
do
109,000
947,000
230,000
800,000
100,000
....
City debt
1 87
Suffolk County Court House
West Roxbury.
JBlOOAtc
1873
Burnt district, sterling loan
£100 Ate,
1869
Consolidated street irnprovem’t, sterling loan.
1,000
1887-’88
Park bonds, $450,000 4s, due 1918
1,000
1862 to >6
Mystic water debt, assumed, pait renewed... 1867 to ’76
Cochituate Water loan, 6 per cent
1875 & ’78
5 per cent
do
do
1878
4 per een t
do
do
£100 Ate
1872
do
Sterling.
do
•
oD4,oUO
>
....
Various.
1867
1870
1875-’83
1860 to ’73
1860 to ’72
J. At J.
J. At J.
J. At J.
Various
Q.-J.
M. At N.
M. At N.
M. At S.
M. At S.
a—m.
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1.000
Newr
Q.—*T.
do
Q.—j
do
6
6
4
6
6
Q.-J.
Q.-J.
Q.-J.
J.
At J.
4
4
34
6
6
7
4
J.
At
J.
Atlanta,
July 1, 1916
do
Augusta, Treasury.
Balto., Farm. At Plan. Bank.
Balto., Nat. Mechanics’ Bk.
do
do
do
do
do
do
do
do
4
M. At N.
Jam, 1888-1896
Jan. 1, 1914
York, Park Bank.
New York and
do
1887 to 1915
July 1,1890
July 1, 1916
July, 1916
Sept. 1, 1893
Sept. 1, 1893
Sept. 1, 1890
After
Jan. 1, 1895
1920
do
do
Jan. 1, 1890
Balto., Farm. At Plan. Bank.
1900 and 1902
do
do
Balto., Nat. Mechanics’ Bk. APer Nov. 1,1920
July 1, 1900
Balto., Farm.&Plan. Bank.
Jan. 1, 1902
Balto., N. Mechanics’ Bank
do
do
April 9, 1900
1900
do
do
do
do
July 1, 1894,1922
After Jan. 1,1920
do
do
do
do
July 1. 1925
Jan. 1, 1927
Balto., Farm. At Plan. Bank.
Balto., N.Mechanics’ Bank. Jan. 1, ’90 & 1900
Jan. 1, 1895
Baltimore, Franklin Bank.
J.
J.
J.
*
9,848,000
....
1879
1885
1885
18^5
At
At
At
At
At
Az J.
At J.
At J.
1892
Various Boston, Merchants’ N. B’k.
Nov.,1887 to 1891
ao
do
M. At N.
Jan. 1, 1894
do
do
J. At J.
6
do
do
July 1, 1905
J. At J.
6
Jan. 1, 1894
do
do
J. At J.
6 do
do
April 1, 1899
A. At 0.
6 At 7
1897 & 1902
City Treasury,
4*2 At 5 M. At S
1898
do
Various
6
Jan. to Oct. 1891
do
A. At O.
6
do
July 1, 1888 to’99
J. At J.
5
6
1891 & 1902
do
Various
\
6
1902 to 1920
do
J. At J.
4
1887 to ’97
Various Boston, Treasurer’s Offioe.
6
1887-1914
do
rio
Various
4
do
Oct., 1*89
do
A.
At
O.
412g.
1896 to 1916
do
do
Various
3*2
1895 to 1916
do
do
3i4
1895 to 19u6
do
do
Various
3
Various.
do
do
Various
5
.
382.850
9.0(10,500
1,000
1878-’82
do
..'
A. Boston, Merchants’ Bank. Feb.. 1888 to >94
1S87 to 1900
New York.
S
1910-’21
New York and Albany.
N.
May l, 1904
N. N Y., Merchants’ Nat. Bk.
1894 to 1912
do
do
A.
July 1,1905 to’10
do
do
At J.
Nov. 1, 1888
Albany.
1895-’97
M. At N. N. Y., Del.At Hud. Canal Co.
J. & J., 1892
New York, Park Bank,
J. At J.
J. At J., 1890
do
do
J. At J.
Jnn. 1, 1902
do
do
J. At J.
Jan. 1, 1904
J. At J. New York, Fourth N. Bank.
Jan. 1, 1897
Atlanta or New York,
J. At J.
1911-1915
do
do
Various
F.
M.
M.
M.
F.
J.
2,027,000 3-65,5At6 Q.-F.
3
Q.-F.
100,000
5,000,000 4, 5 At 6 J. Az J.
....
Feb. 22, 1875).
Railroad
Bangor At Piscataquis Railroad
Bath,Me.—Fund, debt ($78,000 are 5s,’97, J.AtJ.)
Knox Az Lincoln RR.. for stock and coupons
Androscoggin RR. (guar, by Maine Cent RR.
do
do
do
do
do
do
200,000
5,000.000
1,500,000
100 Ate.
100
100 Ate.
100
1872
1883
1874
1875
1869
1869
proper
8
2,256,000
7,306,546
5,000,000
1,000,000
2,211,068
410,353
555,566
100 Ate.
LOO Ate.
LOO Ate.
100 Ate.
100 Ate.
100 Ate.
100 Ate.
100 Ate.
RR
Water loan bonds, coup. (Act
European At North American
do
do
do
....
....
Municipal loan
flo
....
1885
1874
1880-4
1882
1887
($263,000 only are 6s)
improvement loan
Maryland RR. loan
Bangor.
City debt
Refunding bonds
5
1870
1872
Harford Run
Western
do
120.500
1853
Maryland Railroad
Jones’ Falls
1,000
1870-’74
1881
Paving loan
Funding loan
■
7
....
At Ohio RR....
6
8
7
8
427,000
77,500
1,000
1886
Various.
Various.
1877
1878
1863
1865
1860
1863
Baltimore—Consolidated loan of 1890
Water loan, reg. stock, red. at will after 1916
Funding loan, reg. stock, tax free
4
500 Ate.
1884
Capitol bonds
Redemption bonds
6 At 7
145,000
....
whom.
Payable
7
115,000
1,089,000
Due.
payable and by
Where
When
Rate.
6
$127,000
7
418,000
1,058,000 4, 5, 6, 7
$1,000
1,000
1,000
1,000
1,000
1,000
1,000
debt
Ga.—Bonds for streets, floating
Bonds for A. L. Railroad and State House
Bonds for West. RR. and floating debt
Bonds, 1st and 2d series, waterworks
Redemption bonds
Bonds to fund
1866
1870-'71
1870-’82
Washington Park
New Post Office site
Water debt <$400,000 due 1900-3, are 7s)
New City Hall
South Pearl Street bonds
Bonds loaned to Albany At Susquehanna RR..
\llanta,
outstanding.
value.
Forexplanations see notes on first page of tables.
Albany, N. T.—Purchase
City improvement
Amount
or
par
Tables.
Principal—When
do
do
April 1, 1937
At 0.
1888 to 1891
do
do
Various
April. 1893
A. At O London, Baring Brothers
4,997,604
do
July, 1899
do
J. At J.
2,834,585
1917 & 1937
J. At J. Boston. Treasurer’s Office.
At
3^}
4
1,350,000
1887 to 1916
do
do
789,000 3bi to 6 Various
1897 to 1908
do
do
Various
6
4,897,000
1907-1908
do
do
Various
5
13,000
1908
do
do
A.
O.
At
4
588,000
Brothers
Oot., 1902
London,
Baring
A.
At
0.
5
g1,947,274
1905-1908
Boston Treasurer’s Ofiice
5 g.
3,552,000
1909
do
tio
A.
&
O.
4l2g.
268,000
1909-1912
do
do
A.
At
O.
4 g686,000
1913-1917
do
do
Various
4
1,978.000
1914-1917
do
do
A. At O.
3*2
575,000
do
April, 1917
do
A. At O.
3
200,000
Oct. 1, 1917
(1>
do
A. At O.
4
500,000
1891
Brooklyn.
M. At N.
7
213,000
Jan. 1, 1888 to’94
do
J. At J.
7
«
3:14,000
do
July 1, 1888 to 90
J. At J.
7
H
15,000
1888 to'90
do
J.
At
J.
7
68,000
1888 to ’90
do
At
J.
J.
7
75,000
188 s to ’89
do
J.
At
J.
6
At
7
174,000
July 1, 1888
do
J.
At
J
5,
->»
7
72,000
1899-1924
do
J. At J.
® a
7
3,000,000
1905 to 1928
do
J.
At
J.
9,245,237 4, 5, 6, 7
1924
do
J. At J.
7
8,019,000
1915 to’24
1 O
do
6
J. At J
31*
A.
7
5 g.
5 g.
sM
.
§M.S
1,217.000
,
Hutu, ffle.—The city holds a first mortgage on the Androscoggin read
Susquehanna is secured by first mort¬ for tne debt, and first, second and third mortg’es on the Knox At Lincoln
Albany City in 1886 was: Rea) estate, $60,728,- for its proportion of $895,000 out of a total of $2,395.0 >0 omuls issued by
720; personal, $6,154,270; tax rate per $1,000, $18 40. Valuation in several cities in aid of the latter road. There are also $14,000 6s outstand¬
1885—Real estate, $60,381,215; personal, $6,044 250; tax rate, $20 60. ing in addition to those above. Tax valuation in 1886-&7: Real estate,
Population, 90,758 in 1880; 69,422 in 1870.
$2,“56,445; personal, $3,3 »0,195; tax rate per $1,00 ». $2 4. Tax val¬
Atlanta.—The total bonded debt Jar.. 1, 1887, was $2,223,000. As¬ uation, 1885-86—real estate, $2,857,870; personal, $3,e41,830. Tax
sessed value of real ^estate in 1885. $21,023,370; personal, $7,839,269; rate, $24 per $1,000; 1884-85, $2,821,515 real estate and $4,095,820
tax rate per $1J}00;;$15
Inl886ieal estate, $i3.820,521; personal, personal; rate, $25.
$7,679,489; tax ratd, $15. stipulation, 37,409 in 1880; 21,789 in 1870.
Boston.—The population of Boston in 1880 was 362,839; In 1870,
Augusta.—Of this debt, $600,000 was issued for railroads, aud bal¬ 250,526. against 177,840 in 1860. The gross debt ou Deo. 31,1887,
ance tor canal eulargemeut, water works, Azc. Sinking funds, Jan. 1,1885,
wac $48,682,429, and the total sinking funds, Azc., applicable to it
$330,000. Taxable valuation in 1885: Real estate, $11,468,310; per¬ $21,054,840, leaving the net debt $27,627,589 The law of April 17, '85,
sonal, $5,088,430; tax rate, $16 25 per $1,000. Population in 1870, limited the taxation in Boston for city purposes to .$9 on the average
by U. 8. Census, 15,389; n 1880, 21,891.
valuation of five years preceding, to which is added the tax for city debt
Baltimore.—The Balt. Az Ohio RR pays interest on $5,000,000. and for State purposes. Up to Jan. 1, 1887, tbe debt was not to be over
Water loan is paid by income ot water works, and Public Park by City 2*2 per cent of assessed valuation, and after that date 2 percent.
Passenger Railway, and against a total debt of $34,955,290 the city is Assessed valuation on May 1 for four years has been:
Net Debt.
Tax
Personal
Real
chargeable with interest on only $18,698,722, and holds productive
Gee. 31.
Rate.
Estate.
Estate.
assets, including the sinking funds, equivalent to $12,869,8 18, leaving
Years.
on Dec. 31,1886, only $5,828,875 debt over interest-bearing assets.
$24,766,064
00
$17
$194,526,058
$488,130,600
There are also held $5,789,000 of unproductive securities.
Pop iation 1884
24,700,014
12 30
189,605,600
495,973,400
1885
in 1870,267,354; ^ 1880,332,313. In Jan., 1887. the city issued the
12 '(>
2e,354,395
193.0S6.500
517,495,200
1886
13 40
27,627,589
3*4 per cent
bunds to pay off West. Maryland debt. Assessed 1887
200,454,60(1
5 47,170,300
valuation, near >ne lull cash value, and tax rate have
been:
Rate
of
Tax
Total
Personal
(V. 43, p. 727.)
Albany,—The loan to Alb. &
gage.
The valuation of
Years.
18s3
Real
Estate.
$189,913,494
191,516,113
195,416,^94
•
Property.
$58,889,738
58,135,586
59,496,377
Bangor, Itte.—The loans to Eu.
Valuation.
$248,803,232
249,651,699
253,913.271
256,240,655
$1,000.
per
15
16
16
17
Az No. Am. R. R. to Bangor &
00
00
00
00
Pis. R.
paid
first mortgages on those roads, aud interest fuL’7,
The valuations (near full vaiue) iu 1886 were: Real
estate, $6,693,650; personal, $2,831,765.
Municipal oropt-.rty, inoludiug
works, $810,000. Iu 1887, real estate, $6,770,9 J8; per¬
sonal, $2,858,797: tax rate uer $1,000, $22 50.
Populaticn, 16,>o 1 it:
1“$0, 1 “,829 ili 1870,
R. are secured by
from the eamimrs
Brooklyn.—The whole city debt was as
follows Jan. 1,1888 and ’87.
Jan. 1, 1888.
r'ermanent debt
Water loan
Debt
Tax
payable from assessments
certificates
Gross debt
Less sinking fund
Net d’L>t
$2 3,807,543
11,073,500
483,000
2,500,000
$39,864,043
7,84^,511
$32,014,502
Jan. 1, 1887.
$26,077,543
10.893,500
1,640,000
2,000,000
$4o.6ll,042
0,986,219
$33,624,923
INVESTORS’
8
Date of
Bonds.
DESCRIPTION.
Permanent water loan
Sewerage fund bonds, continuous, local
Assessment fund bonds, continuous, local....
Temporary tax certificates
Size
1857 to ’75
Various.
Various.
Various.
1884
$1000 $10,893,500
1,000
72,000
1,000
1,018,000
1,000,000
887,305
549,000
2,350,000
200,000
Buffalo, A. F.—Funded debt bonds
Waterworks bonds
Tax loan bonds
5,059,936
2,628,382
416,208
100,000
150,000
347,000
689,000
64534688118 1
1880 to’86 l,000&c
1864
1,000
Cambridge, Mass.—City bonds
City bonds/.
do
do
do
do
Water loan
do
(only
do
1863
1870 to ’76
1873-’74
•
•
• •
....
1868 to ’77
$12,500 are 5s)
Charleston, S. 0— Fire loan bonds,coupon
Conversion bonds, to redeem past-due debt...
do
do
do
do
.
coup, or reg
1,000
500 &c.
500 &c.
265,000
....
500 <fec.
....
1,000
....
....
1866
....
1878
1879
....
Bonds
Funded debt, coup
....
do
notes
Water loan, coup
-
100 &c.
....
....
1882
(refunding)
Sewerage bonds
....
1880
do
do
....
improvement bonds
Municipal bonds
Municipal and School bonds
1881
Municipal bonds (refunding loan)
1865 to ’80
Cook County debt
1868
Cincinnati— B’ds for erection of a WorkhouseN.
1869
Bonds for W ater Works
C3
1863
Bonds for Common School purposes
P
1855
Bonds to O. &M. RR. to purchase whf. prop. .N
Bonds for ext. and impr. Water W..C, D. <fcE 1847 to ’50
Bonds for funding floating debt
A&A2 1847 to ’48
Bonds for new Hospital
S&S2 1867-’68
1853
Bonds for funding floating debt
.L
1851-’53
Extension and improve. Water Works.. .K &F
1858
Bonds to purchase Orp’n Asyl. grds. for park.O
1869
Bonds for sewera ge
R
1869
Bonds for improving Gilbert avenue
...U
1869
Bonds to build Eggleston avenue sewer.... B3
River
....
....
....
1871-’72
1871
1872
1876
6s)
1878 & ’79
1874
1875
1875
D1
1879
U2
1876
S3
C5
W2
Bonds for Water Work purposes
General improvement
Cincinnati Southern RR
do
do
($2,890,000 are gold
do
do
Floating debt bonds, coupon
Park improvement
Water-works bonds
Bonds for McLean Ave. sewer
-
1,000
mmm
....
Chicago—Vi ater loan
•
1872 to’84
1872 to’87
1874 to’87
1871
." 1885-86
D.) 1873 to ’78
1836
i Various.
1884-5-6
1885
bonds
1878
1886
Funded debt
Lake View, Wade and Monumental parks
Canal and canal lock ($11,000 are 6s)
School
General bonds, various purposes
Viaduct (mostly F. & A., A. & O. and J. &
Elevated Ri-adway
Special bonds
Kingsbury and Pearl Street Bridges
Des Moines, Iowa—2d renewed judgment
Funding bonds, redeemable 1878
Warrant funding bonds
....
Population in 1870, 396,099, against 566,663 in 1880.
and tax rate per $1,000 have been:
132,000
3,490,000
333,000
1,675,000
489,500
458,000
2,608,000
186,000
2,176,000
1,042,000
4,941,500
250,000
150,000
100, «fec.
500 &c.
....
....
1,000
1,000
500 &c.
....
500 <tec.
1,000
1,000
1,000
1,000
98,000
194,000
397,000
171,500
750,000
60,000
175,000
131,000
150,000
150,000
500 &c.
500 &c.
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
100.000
300,000
600,000
8,190,000
4,825,000
2,260,500
995,000
65,000
200,000
175,000
500 &c.
500 <fcc.
1,000
1,000
1,000
1,000
1,000
76,000
884,067
2,137,000
64,706
79,000
499,500
'
2,473,000
63,000
1,775,000
•1,823,000
1,000
1,000
1,000
1,000
1,000
1,000
"
1,000
1,000
1,000
322,000
275,000
35,000
250,000
2.138,000
335,000
572,300
225,000
228,000
175.000
225,000
....
Valuation
Personal.
Rate.
the State of South Carolina. Conversion bonds of 1878 and 1879 are issued
in exchange for city stock. Valuations and tax rate per $1,000 have been:
Years.
Real Estate.
Personal Prop.
Tax Rate.
$3,186,216
16,753,760
16,933,565
8,138.153
7,809,212
$20 00
,
20 00
—Population, 49,984 in 1880; 48,956 in 1870.
CkeUea, Mans,-Sinking fund, Jan. 1, 1887. $365,712, which in¬
cluded $2t 4,000 of the above sinking fund bonds, aud net debt, £1,296.087. Valuation in 1886, real estate, $16,530,850, and personal, $2,275,812; total, $18,806,662; tax rate, $17 80. Population,;21,782 in 1880;
18,547 in 1870; 24,347 in 1884.
do
do
do
do
do
do
do
Buffalo and New York.
do
do
do
do
slip
do
do
do
do
do
do
....
Various
....
"
312
....
J.
A.
A.
J.
7
7
6
4
6
&
&
&
&
1888 to 1916
3 years from date.
3 years from date.'
3 years from date.
1888 to 1905
1924
1924
1893
1888 to 1926
June, 1888 to 1909
July 1, ’88 to 1900
Boston, Bank Redemption
Boston, Tremont Bank.
Boston, Bank Redemption
....
6
4 & 5
r
Brooklyn. ]
....
3*2
I)ue.
Whom.
J.
J.
J.
J.
J.
J.
J.
Various
Various
J. & J.
A. & O.
J. & J.
J. & J.
J. & J.
Principal —When
Payable and by
J.
O.
O.
April 1, 1889
Jan. 1,1893
1890 to'96
do
do
do
do
do
do
July, 1903-4-5
1895 & 1905
Nov. 1. 1896
April, 1888 to’97
1894-’98-l 910
1906 and 1911
1890
1888 to 1897
Charleston, Treasury
do
do
do
J.
—
Oet., 1898
July 1, 1909
1887 to 1908
April 1, 1888
512
6
412
6
6
7
365
7
412
4
7
6
7
4
412 to 7
7 3-10
7 3-10
6
6
6
6
7 3-10
6
6
6
7 3-10
7 3-10
7 3-10
7
7
7 3-10
6g. or 7*3
6 & 7
7
7
7
5 & 6
.
7
Various
Various
F. & A
J. & J.
J. & J.
J. <fc J.
J. & J.
J. & J.
J. & J.
J. & J.
J. & J.
J. 6c J
J. A J.
M. & N.
J. & D.
J. & D.
J. & J.
M. & N.
A. & O.
M. & N.
Various
J. & J.
Various
M. & S.
M. 6c 8.
M. & S.
A. & O.
F. & A.
J. & D.
J. & J.
M. 6c N.
Various
M. & N.
J. & J.
F. & A.
M. & N.
M. & N.
F. & A.
Variouc
Various
Various
J. & J.
J. & D.
Various
Boston, N. Bk. Redemption Aug. 1,1891 to ’95
Sept. 1,1889-1890
Boston, N. Bk. Redemption
Aug. 1, 1897
1897 & ’98
N. Y., Am. Ex. Nat. Bank.
do
do
July 1, ’88 to ’95
do
do
July 1, 1902
do
do
July. 1888 to’95
do
do
July 1, 1900
do
do
July 1. 1904
do
do
July, 1890 to ’95
do
do
July, 1895 & ’96
do
do
Jan. 1.1888 to ’99
do
do
April 1, 1901
N. Y., Metropolitan Bank.
May 1, 1887-’92
N.Y., Am. Exoh Nat. Bank.
June, 1888
do
do
June, 1889
do
do
Jan., 1890
do
do
Nov., 1890
Pliila., Bk. of North Amer.
April, 1895
do
do
May, 1897
N.Y Am. Exch. Nat. Bank.
1897 & 1898
do
do
Jan., 1900
Pliila., Bk. of North Amer. June & Oct., 1900
Cincinnati.
Mar., 1888& 1908
N. Y., Am. Exch. Nat. Bk.
Sept., 1899
do
do
Sept., 1899
do
do
Oct., 1899
do
do
Aug., 1897
do
do
Dec. 1, 1891
do
do
July 1, 1902
do
do
May 1, 1906
do
do
190--1908-1909
Cincinnati.
May 15, 1904
N. Y., Am Exch. Nat. B’k
Jan. 1, 1890
Cincinnati. *
Aug.,’90 «&’9ft
.
,
Cincinnati.
7
Cincinnati.
<fc 7
N. Y., Am. Exch. Nat. Bk.
& 5
& 5
Cincinnati.
& 6
N. Y., Am. Exch. Nat. Bk.
4
4
4
3*65 to ? Various N. Y., Am. Exch. Nat. Bk.
do
do
4, 5, 6. 7 Various
do
do
Various
6 & 7
do
do
6 & 7
Various
do
A. & O.
do
7
do
do
Various
4-412
do
do
5, 6 6c 7 Various
do
4
Various
do
do
Various
do
4, 5, 7
do
do
4, 4*2, 5 Various
N. Y., Coffin 6c Stanton.
J. & J.
4*2
do
do
7
J. & D.
do
M.
do
N.
412
5
4
4
4
May 1889-1909
May 1, If>06
Aug. 1, 1897
N.Y., Am. Exch. Nat. Bank
1887 to ’95
1930 61 1931
1889 & 1890
July 1, 1887 to 92
June l, 1901
May & June. 1905
June 1, 1907
1892 & 1903
1887 to ’97
1887 to’92
1894 to’98
1888
1888-1895
1893 & 1907
1902-3
1887-’95
1899-1902
1905, payable ’90
July, 1888, or’98
1906,red.atoption
Chicago,—The city debt is limited to 5 per cent of the Illinois Stat e
°
$311,308,060
$19,375,702
$29 00
22,049,310
336,221,357
26 50
1S87
339,922,812
27 59 ^
14,217,276
1888
362,138,563
21,685,597
The debt oi iviug* county, separate from the debt <>? Brooklyn, is
about $4,000,000, of which the city is responsible for iv0ths.
Buffalo.—Valuations and tax per $1,000 have been:
Years.
Real estate.
Personalty. Tax Rate.
$93,167,090
$3,796,675
$16 27
96,341,455
8.459,735
16 44
8,461,675
99,912,470
17 21
113,963,945
17 27
8,405,225
Bufialo also pays 77-100 of Erie county debt. Coupon bonds are exchange
able for registered. The iuterest on different bonds is 3L>. 4, 4^, 5. 6
and 7. Population, 202,818 in 1885; 154,766 in 1880; 117,714 in 1870.
Cambridge) Mass.—The sinking funds, Nov. 30, 1836, amounted to
$1,299,183, and net debt to $2,208,311. The investments are nearlyall
in city bonds at par and stamped “not negotiable.
Valuation, 1885,
real estate $42,588,300; personal $12,758,255 ; total, $55,346,555; rax
rate, $155. Valuation in ’86, $44,n55,200 real estate and $14,490,470
personal; total, $59,445,670; tax rate, $1 50 per $100.
Population,
52,669 in ’80; 39,634 in ’70.
Charleston, S. C.—The bonds of Charleston are mostly held within
$16,246,865
4
3 to 7
3*2 to 7
3 <fe 4*2
5
5 g.
6
6
4
50,000
....
proptfty
Real.
3*2 & 4
100,000
1,000
500,&c.
1,000
Hospital bonds
H2
University
1876 to ’83 Various
Street improvement bonds, short
Consol, e. f. bonds, 30-50 yrs. (Act Apl. 9, ’80, 1880 & ’81
1,000
Assessment bonds
U3&U4
1882
100
Wrork House and Infirmary
1881
100 &c.
Deficiency loan (redeemable after 1891)
Deficiency and pavement bonds (10-20 yr.) .. 1885-’86.
1887
City Hall
Cleveland—Water works ($200,000 are 6 p. ct.). 1872 to ’84
1,000
Yeais.
4
109,500
3,414,100
363,800
5,000
997,000
96,000
....
Chelsea, Hass.—Sinking rirnd bonds
Water loan
Water loan
4
500.000
....
J. &
J. &
J. &
J. &
J. &
J. &
J. &
3*2
3*2 &4
3*2
25,000
1,161,000
336,500
218,000
92,800
....
Where
Payable
3 to 7
....
....
When
Rate.
....
....
discovered In these Tables.
INTEREST.
outstanding.
1884
1884
1883
1870 to’86 l,000&c
1870 to ’86 l.OOO&c
in 1894)
error
Amount
or
par
Value.
tables
Brooklyn—( Continued >—
Certificates of indebtedness
Bonds to pay arrears to county
Arrearage bonds, reg. (redeem,
Award bonds for lands taken
[Voi.. XLVI,
favor by giving immediate notice of any
Subscribers will confer a great
for explanations see notes on first page of
SUPPLEMENT.
valuation.
Total funded debt January 1, 1837, was $12,583, 500, bul
of this $3,955,000 was on account of the Water Works, which yield an
income mm h above the interest charge on the debt
Sinking fund in
1887
i
was
$341,037.
as follows:
Real Estate.
Personal.
Valuations
ears.
•884.
Tax per $1,000.
$L05,606,743
$31,720,237
$35 43
107.146,881
122,930.123
32.811.411
3681
1-85
1386
1887
The assessed
130,474,379
35.516,009
28,068.196
value of real estate is about one-third of its true value.
Population in 1870 was 298,977, and in 1880, 503,185. The South Park,
West Chicago Rark and Lincoln Park loans are not debts of the city,
but of distinct corporations.
Cincinnati,—Total funded debt Dec. 31, 1887, $25,829,207 ; de¬
duct $761,^03 for Improvement bonds held as sinking futid for above
net debt. $25,063,004. of which $18,577,000 is for Cin. South. Railway
(pays city $900,000 till 1901. then $1,250,000), and $1,525,000 for
water works (self-supporting); balance, $1,966 -‘OS.
In 1870 the pop¬
ulation was 216,239, against 255,139 in 1880. The following table from
the books of the Auditor of Hamilton County, Ohio, exhibits the assessed
valuation of the city of Cincinnati for four years:
Real
Personal
Total
Tax per
Years.
Estate.
Estate
Valuation.
$1,000
1884
$124,625,370
$44,908,822
$169,534,192
$25 56
18.85
127,454,100
42,652,868
170,086,963
26 86
188 6
129,378,370
25 44
42,571,661
171,950,031
1887
174,000,000
The city owns the stock of Cin. Southern RB., leased as per terms, V.
33, p. 281.
Cleveland.—The sewer, street miprovem’ts and street opening bonds
for special localimprovements, and redeemed bv assessments on the
property benefited. Population, 160,146 in 1880; 92,829 in 1870.
assessed valuation, tax rate, lehr and sinking funds have been:
are
Years.
Real &
Personalty.
$85,978,005
83,285,845
91.084,406
-(V. 45, p. 743,)
Tax $ 1,000. General Debt.
$6,386,000
$14 20
14*35
6.917,000
13*15
8,015,000
Special Debt.
$875,800
708,000
696,900
January,
Subscribers will
confer a great favor by giving
for explanations see
Immediate notice of any error discovered In
Size or
par
value.
Date of
bonds.
DESCRIPTION.
notes on first page of tables.
.
INTEREST.
Rate.
$1,397,000
4 to 7
7
to’81 $500,«fec
1863 to’73
1872 to ’86
1,000
Public Building stock (City Hall) bonds.
public sewer bonds ($35,000 are 6s)
Bonds for purchase Belle Isle
Bonds for Bridge
Public Improvement
mLabeth, N. /.—Improvement
Funded debt bonds
Sohool House bonds
Market House bonds
.
.
bonds
.
14581865.
do
Series B,
Series C,
New Water
faU River,
do
do
do
do
Works loan
Mass.—City notes.
196,000
(0
233,000
62,000
527,700
250,000
675,000
350,000
720,000
400,000
311,000
45,000
600,000
1,000
1,000
•
•
....
450,000
100,000
261,860
125,000
500,000
450,000
550,000
200,000
400,000
300,000
100,000
....
....
(sewer)
1,000
1,000
1,000
1,000
....
Water loan
....
do
do
do
....
Fitchburg, Mass— City bonds.
Water loan
do
do
registered
i
do
do
1877-8-9
100 &c.
100 &c.
.
.
.
1876
1868
1872
1879-’80
Capitol bonds
Hartford town debts to railroads 10-25..
’
do
do
war
1863
floating debt
City bonds
Sohool bonds
Water bonds
Improvement bonds
City Hall and Engine House bonds
Holyoke, Mass.—City notes
City bonds, sinking fund
do
do
1864-79
1872
500 &o.
500 &c.
1877-’79
1,000
500 &c
Various.
1878-’81
1,000
1880-’82
1,000
1871-’74
1874
1,000
1872
1,000
1873
1,000
500
1869 to ’70
1877
1,000
1873
1,000
1874
1,000
1874
1,000
1875
1,000
500
1874
1852 to ’77
1,000
1869 to ’73
1,000
o*
c
do
do
do
Park
Jersey City—Water loan bonds, mostly coupon
Water loan bonds,mostly coupon
Water loan
1872
1871 to ’74
1870
1872
1864-’65
1864-’70
1868-’70
1869
1865
1875-’76
Forty-year bonds
Improvement bonds
Morgan street dock
Fhmded debt bonds
Old Jersey City bonds, coupon
Hudson City bonds
Bergen school loan bonds
Bergen street improvement bonds
do
bounty loan
Assessment funding bonds
Temporary loan
Bonus to fund floating debt. &c.. coup, or reg.
maturing bonds, &c
City of Jersey City loan
Kansas Oily, Mo— Renewal bonds
Funding bonds
500 &c.
1,000
1,000
1,000
159,000
119,500
43,750
91,500
636,000
75,000
203,000
271,000
250,000
226,500
155,000
500,000
300,000
300,000
300,000
200,000
109,500
934,000
3,329,000
200.000
517,000
5,299,500
125,000
500.000
558,000
100,000
150,000
400,000
41,000
900,000
975,000
Various
l,000&c
l,000&c
Various
....
1879
1880-’l
1884
1875 to ’81
1873
1,000
1,353,000
600.000
....
....
....
....
1,000.000
390,000
250,000
Des Moines, la.—Assessed value of property $11,500,000, which is
20 per cent of true value. Population in 1870, 12,035; in 1880,
22,400: in 1837 (estimated), about 45,000. Sinking fund Sapt, 1887,
amounted to $40,00«>.
Julyll, 1337. was $2,727,000;
deduct for water work-*, $t,44 7,o00; assers or sinking fund, $776,984 ;
net debt $503,015.
There are al-to $10,000 House of Correction bonds
due 1893.
The population in 1870 was 79,577; in ’80, 1160,340;
in 1883. 130,<X>o.
The value of water works is about $3,500,00.
The water works bonds are issued on a pledge of the city credit, and
$75,000 per year collected in taxes to pay interest on
tion iu 1886 about 175,000.
Valuations (based on true
rate have been:
Years.
them. Popula¬
value) and tax
Total.
Personal.
Real Estate.
Tax Rate.
$27,928,880
$110,721,995
$11-44
$82,793,115
28,713.300
116,249,945
10*77
87,536,645
33,427,589
1082
133,448,580
100.020,991
1887
142,407,880
12 04
36,t80,040
105,827,840
Elizabeth. N. J.—Default was made in interest February 1, 1879
Suits on bonds are pending.
Old unadjusted bonds and loans are
$2,592,739. Total bonded and floating debt July 15 1885, $4,264,640. A proposition to issue 4 per cent bonds at 50 per cent of the face
value of old bonds was made, and a considerable amount of the
new bonds have been issued.
The Mercantile Trust Company in New
1884
York acts as the agent. Assessed valuations and tax rate per $1,000
have been as follows: In 1882, $12,182,035, rate, $ *1-20; iu 1833, $12,471,115, rate, $26-40; in 1884, $12,341,735, rate, $20-00; in 1885, $12,-
485,760, rate $26-40; in 1886, $12,628,710, rate, $27-20. Population
880, 28,229; in 1870, 20,832; estimated in 1836 to be 32,600. (V. 44,
p. 211.)
Evansville) Ind.—There was default in payment of interest from
In 1887 the old debt was nearly all funded into the several
waues of bonds above
X®ars.
-(V. 43,
d.
1888 to 1906
Apr. 1,1888 to ’93
1892to’97, & 1906
Y.f First Nat. Bank.
do
do
do
do
do
do
do
do
do
do
1899
Jan., 1911
Dec 1916
,
Aug. 1,1888-1892
4
6
37s, 4, 6
6
5 g.
5 & 6
4
5 & 6
378
Various
City Treasury.
do
Various
do
Various
do
Various
do
A. & O.
do
J. & D.
do
M. & N.
J. & J. N. Y., Mercantile Trust Co.
Now York.
Various
do
Various
do
J. & J.
do
J. & J.
N. Y., Winslow, L. & Co.
J. & J.
do
do
J. & J.
do
do
J. & J.
do
do
J. & J.
Various
City Treasury.
do
Various
Boston, Revere Bank.
F. & A.
M. & N. Boston, Bank Redemption.
do
do
do
do
M. & N.
City Treasury.
-
1879 to ’81
1*82 to’95
1882 to’93
1882 to’86
1885 to ’96
1907
1836
July 1, 1912
1889 to 1893
1889 to 1893
1894 to 1898
3 897 to 1907
Jan. 1, 1912
Jan. 1, 1912
July 1, 1912
July 1, 1912
Nov., 1887 to ’92
1891
Aug. 1,1894
May 1,1895
May 1, 1?*95
1896-’97-’98
May 1, 1905
Boston; Bank Redemption. Feb. 1, 1900-1909
1,1892-1906
Nov.
do
do
do
do
6
6
M. & N.
F. & A.
6
6
6
J. & J. Boston, Merchants’ Bank
do
do
J. & J.
do
do
J. & J.
1898 & 1903
A. & O. Galveston, City Treasury.
1893-1909
do
M. & 8.
1920-1925
New York or Galveston.
J. & D.
1902
J. & J. N. Y., Bank of New York.
1890-1906
Various
City Treasury.
Jan. 1, 1891
Suffolk Bank, Boston.
J. & J.
Jan. 1, 1893
J. & J.
City Treasury.
Jan. 1, 1897
do
J. & J.
10 to 25 years
Town Treasury.
J. & J.
do
$10,000 yearly
J. & J.
Jan., 1900
do
J. & J.
1888 to 1905
Various First'Nat. Bank, Hoboken
Oct. 1.1892
do
do
A. <fc O.
1892 to 1894
do
do
Various
1890 to 1903
do
do
Various
1898 to 1901
do
do
Various
1902 to 1910
do
do
Various
1887 to 1889
Various
City Treasury.
Oct. 1,1889
do
A. & O.
Jan. 1,1900
do
J. & J.
do
Jan.&Apr.l,
A. & O.
Jan. 1, 1889
Jan.
City Treasury.
Jan. 1, 1897
N. Y., Winslow, L. & Co.
J. & J.
do
'
do
July 1, 1893
J. & J.
do
do
July 1, 1893
J. <te J.
do
do
J. & J.
July 1, 1894
do
do
July 1, 1895
J. & J.
Jan. 1, 1899
do
do
J. & J.
J. & J. N. Y., Merch. Ex. N. Bank. Tan., 1889 to 1909
1899 to 1913
do
do
Various
Feb. 1, 1913
do
do
July 1.1913
do
do
J. & J.
1891-1892-1906
do
do
Various
June 8, 1900
do
do
J. & J.
May 1,1897
do
do
M. & N.
1889-1890
do
do
Various
1889 & 1900
do
do
Various
Jan., ’98 to 1900
do
do
'
J. & J.
do
do
July, 1889
J. & J.
1889
do
do
Various
1905-19/
do
do
Various
Demand.
Feb. 1, 1909
F. & A. N. Y., Merch. Ex. Nat. B’k.
3*2 &I4
4*2
6
6
6 & 7
7
6 & 7
5, 6, 7
5 <fc 6
5 & 6
3 to 5
6
6
7
6
6
7-3
7*3
7-3
7-3
7-3
6
7
5
7
7
7
7
7
7
7
7
7
7
5*2
6
5 ib 6
6
6, 7 & 8
8
....
1910-1911
do
do
Various
Aug. 1,1899-1905
May 1,1908-1909
July 1,1893
July 1,1891
July 1,1905-1906
New York, Ninth’Nat. Bank
do
do
1904
895 to ’98 &
1901
May 1, 1893
Fall River. Mass.—The sinking
1837. Population in 1885, 56,863;
Valuation in 1885, $43,815,275.
to$30l,339 Jan. 1,
,48.961 in 1880; 26,766 in 1870.
funus amounted
Fitchburg, Mass.—Population 12,270 in 183 ); 11.260 in 1870.
(’about cash value) In 133 >. $3,422,675; personalty, $1,071,836; tax rate, 18*2 » per $1,000; in 1837, real,
$3,820,075; personal, $3,125,313 ; tax rate, $17'10.
Assessed valuation of real estate
Galveston,
Texas.—Assessed value of real and personal
property,
$18,10
1886, $21,043,509; tax: rate per $1,000, $L5*00.
1835, valuation,
588,196; tax rate $15*00. In April, 1882. the Galveston County
per
cent bonds, were called in and 6 per cents issued instea l.
Population
1870,13,8)2; in 1830. 22,213; 1836,
in
Hartford, Conn.—Total city debt,
estimated, 42,000.
April 1, 1887, $2,734,832; net,
$1,910,172; net town debts, Oct. 1. 1387,
$1,191,346. Assessed valuation in 1836, $15,700,090; in 1883, $ 15,898,365. Population, 42,553 in 1880; 37,743 in 1870.
Hoboken, N. J.—The total debt May, 1837, was $1,279,137. As¬
sessed valuations in 1884: Personal, $1,343,941; real estate, $14,672,700; tax rate per $1,090, $23-50; population, 35,000. Aisessed valua¬
tions in 1886-7 : Person\\, $1,414,005; real estate,$15,326,700; tax
after deducting resources,
rate, $27*00.
Hoi yoke.
Hass.—Bonds all coupon, but can be registered. Total net
tax rate, $17*20. Valu¬
debt, $764,500. Valuation, 1885, $16,135,525;
ation in 1887, $18,122,580; tax rate. $17-00.
1830; 10,733 in 1870; 33,000 m 1837.
Population, 21,915 in
Indianapolis.—The Sohool Board is a distinct organizat’n and levies
own tax ($2 20 for 1884), which is included in tax rates.
There
few other small issues amounting to $50,000. PoDulation, 75.056
in 1880; 8.244 in l£7o.
Valuation and tax per $1,000 have been:
its
are a
April, 1883.
1^87
N.
1
about
IfDetrolt, Midi.—Total funded debt
5
4*2
8
60,000
203,000
....
....
Bonds to pay
1,000
4
5
6
5 & 6
6
6
6
300,doo
....
....
7
7
7
7
7
7
7
4
7
7
7
818,400
1,000,000
1,250,000
whom.
payable
Various
Various
F. & A.
F. <fe A.
J. & J.
J. & D.
due.
payable and by
4
510,100
417,000
887,000
500,000
....
....o’
($60,000 are J.&J.)c
Indianapolis— Bonds to railroads.
Bonds to Un. RR. Tr. Stock Yard (mortgage).
Loan bonds, series A
do
B
C
do
do
D
Purchase-money bonds—Southern
1,000
1,000
1,000
1,000
1,000
1,000
85,009
1,000
....
Hoboken, N. /.—Bonds
Water loan
Railroad loan
1,000
1,000
1,000
1,000
1882
1865-’81
Funded debt
do
1873
1871
1875
1883-6
.
Galveston County bonds, G. C. & 8. F. RI
Hartford, Conn.—Water bonds
City bonds (H. P. & F. RR.)
•
•
435,000
48,000
41,000
764,000
260,000
lOOO&c.
....
•
26,000
850,000
Where
When
391.500 3*2,6 & 7
4
100,000
3*2
30,000
3*2
370,000
Large.
....
City bonds
do
do
do
do
do
347.500
^ m
1879
1886
5,000
1886
1,000
1880
1871 to ’74
1,000
1870 to’75
1,000
1872 to’73
1,000
1865 to’66
1,000
1875-’76
1,000
1877
1,000
1876
1,000
500 &c.
1882
1869 to’73
1,000
1869 to’73 100 &c.
1874 to’78 100 &o.
1887
500 <fcc.
1887
1,000
1887
1,000
1887
1,000
1887
1,000
Consolidated improvement bonds
Funded assessment bonds.. - Tax arrearage bonds
New Adjustment bonds and scrip
rit (Penn.)—Water bonds
Improvement bonds
Consolidated bonds
do
^
Ibese Tab'es.
Principal—Whan
Amount
outstanding.
t 1855
^
9
SECURITIES
CITY
1888.1
given.
Real Estate.
$13,527,090
13,666,645
Personalty.
$6,519,820
6,682,895
17.273,340
—-
15,184,693
6.239,810
607; V. 44, p. 335; V. 45, p 112.)
Tax.
$10 09
10 00
16
6623
Years.
1883
1884
Real Estate.
Personalty.
Total.
Tax.
$13,792,290
$11*20
$39,335,860
$53,123,150
Debt.
40,149,950
12*20
13,891,65 9
54.041,600
$1651.000
Jersey
City.—One
causes
oi
the
mam
oi
past
trouole
m
jersey
City
1,651,000
finances has been the failure to collect back assessments and the large
2.145,030 amount of railroad property exempt from taxation, but these matters
are being remedied and RR. property is bearing a share of the taxation.
h
SUPPLEMENT.
INVESTORS’
10
[VoL. XLVI.
favor by giving immediate notice of any error
Subscriber* will confer a great
discovered in these Tables.
INTEREST.
For explanations see notes on
Kansas
City, Mo. — (Continued.)
-
1875
Long Island City- General bonds
Tax or revenue bonds
Louisville, Ky.—Water works
improvement of streets
municipal impro vement
Re-constructing street
381
Public buildings and institutions
Public school an<i 8chool houses
Sewer bonds
do
Elizabeth A P. Railroad
Wharf property.
Jail bords
For old liabilities
do
do
do
do
do
do
(half are 10-10 and
^Cin. & Lex. RR—
City bonds payable by Louisv. A Nash. KR.
Lowell, Mass.—City notes (various purposes).
Road bed, Louisv.
Oity
Bridge bonds
Sewer bonds
Water notes
Water bonds
-
Sinking fund
Lynn, Mass.—Water notes
•
Water bonds
Funded debt
School Houses
Engine House and sewer bonds
Mancnes/er, N. //.—City bonds
Water bombs ($100,000 each year)
do
Bridge bonds
Memphis, Tenn.—School and paving bonds—
Funding loan, gold
...
Mississippi River Railroad bonds.
Endorsement Memphis A Little Rock RR...
Compromise bonds, coupon (Flippen)
New compromise bonds
Milwaukee, iris. — Re-adjustment bonds
General city bonds
do
do
(not liable to be called in)
do
Bridge bonds
Water bonds, coupon
do
registered
coupon
refunding
Minneapolis, Mi/m.—City oonds
Oity bonds...
do
($366,000 due 1912 are red.
do
Mobile—Funding bonds
Nashville, Tenn.—Various city bonds
A reg. (s. fd. 3 p. c.).
Corpora te bonds, coup, or reg.(act Apr. 21,’76)
Sewer and improvement bonds (local liens).
Aqueduct Board bouds($2,490,000due in ’92)
Tax arrearage bonds
.
do
do
do
do
!
Funded debt bonds
Annexation bonds, reg
City tax
New Bedford, Mass.—City improve, (part s. f.).
Water bonds
do
do
do
Sewer and Bridge
*
$L42,500
248,000
60,000
300,000
bonds (part sinking fund)..
459,000
150,000
1,300,000
911.500
439.500
698,000
190,000
1,500,000
600,000
519,000
17,000
81,000
423,000
1,692,000
159,000
133,000
54,000
513,000
500,000
1,000,000
1869
1871 to’74
1868
1886
1880
1871
1871 to’73
1851 to ’63
1862 to ’84
1883
'
1882-93
1882 A ’83
1871 to’85
1870
1883 A 85
1870-’3-’5
Various
Large.
1,000
Various
500 Ac.
Various
1984
1869-’85
1872-’74
1872-’74
1881
1867 to ’68
1,000
57,000
1,000
246,000
100 Ac.
100 Ac.
100 Ac,
310,000
200,000
400,000
60,000
1,000
1,000
.
1,000
481,000
350,000
1.000
1,000
1,000
333,000
Large.
....
1,000
1,000
Large.
1,000
....
1857
1877
1883
1861
1871
1876
18*5-6
1882-’83
1872
1872
l883-’86 ’7
1883-’94
1870 to’75
1*71 to’81
1902). 1881 to ’85
1986-’87
1881
c' 1870 to’81
1885
Municipal Bridge bonds
Watei works($5u,000 due yearly after 1907)c*
Newark—War bds.,tioat’g debt, Ac. (s.fd. of ’64)
Public aohool bonds
Clinton Hill bonds, coup.
m
*
,
737.500
45,000
214,000
151,000
53 1,000
1,300,000
120,050
100,<)00
1,219,000
595.000
1,000
1,000
1,000
500
77,500
182,000
1,000
1,000
98,000
285.000
61,000
■
■
1,000
1,000
10,000
321,000
899.000
608,000
255,000
610,500
.
1,000
500
100 Ac.
-
422,000
2,105,000
1.095 000
2,250.030
1,395,600
200,000
1,000
4^ 0,000
;;;;
1,000
1S68 to ’86
1875
1878-’80
’71-’79-N6
1867-’86
1977-78
1879 to ’85
1,000
1,000
1,000
1,000
1,000
1.000
1,000
1886
•
•
•
Payable
Where Payable
Whom.
Due.
and by
1895
J. Now Y >rk, Ninth Nat.Eank
1890 A ’97
do
do
1905
J. AJ.
J. A J.
Lawrence or Boston,
July, 1904
1887 to 1894
Various
Boston, Tremout Bank.
1891-95
J. A D.
Lawrence, Mass,
Oct. 1,’90. to 1906
A. A O'.
do
do
fn instalments,
N. Y. City A L. I. Ciiy.
Various
1889 to 1903
do
do
Various
1889-189N. Y., Bank of America.
Various
1896-1897
Louisville.
Various
1923
J. & J.
New York City.
N. Y., Bank of America,
J. A J.
July 1, 1903
do
do
Various
1891, ’92 & 1903
1889
Various New York, U. S. Nat. Bank
J. A J. Louisville, City Treasurer.
July, -1898
N. Y., Bank of America.
J. & D.
June, 1901
1888 A 1903
do
do
Various
1888 to 1898
Various Louisville and New York,
do
Oct. 1, 1898
A. & O.
do
1 QQO
do
do
J. & I>.
1894 & 1901
Various
do
do
1911
N. Y., Nar. Bk. of Republic.
May 1, 1920
N. Y., Bank of America.
M. & N.
N. Y., U. S. Nat. Bank.
Sept., 1891
M, A 8.
J. A J. N. Y., Continental Nat. Bk. July, 1901 & 1903
1893
Various New York and Louisville.
6
1888 to 1894
4 to Gtfl Various
City Treasury,
1883 to 1893
M. A N
do
4
Nov.l,l892,fc 1903
4
Various
do
1888 to 1903
do
4
Various
Dec.,1888 to 1911
Oity Treasury.
3^to6Si( Various
Nov. I, 1890
M. A N. Boston, Bank of RedempV.
6
1888 to 1895
3*2 A 4 Various
1890
Various
6
City Treasury.
1890-1917
3^ to 6 J. & J.
Boston, Bank Republic,
1390-1897
do
do
5 A 6
Various
188 V-i 893
3^2 A 4 Various CityTreas’ry A Bk. Repub
do
do
Nov., 1837-1906
3 h A 4 Various
1883 to 1911
4 *fc 6
Various
City Treasury A Boston.
Suffolk Bank, Boston.
J. A J.
6
July 1, 1890 &’95
1892-’97-19o2-’07
4 A 6
J. & J.
City Treasury,
4
do
J. & J.
July 1, 1911
1873 to 1902
J. A J.
Memphis.
1873 to 1900
Nov., 1900
M. A N.
2,400,000
Ate.
1,000
1,000
When
A
J.
,
July,"
&J.
1372
Charleston, S. C.
1907
<fe J. N.Y.. First Na. Bk ,<fcMemp.
1913
do
do
June 1,1891
J. &‘‘d. Mil.&N.Y. Morton B. A Co
Jan. 1. 1901
do
do
J. A J.
June 1, 1896
do
do
J. A I).
do
do
'J. & J.
July 1,1905tfcl906
do
do
J. A J.
July 1, lyOz
Jan. 1. 1902
do
do
J. A J
Jan. 1.1902
do
do
J. A J !
1903 A 19 06-’07
do
do
J. A J
1903-1904
do
do
J. & J
1888-1905
Various
1893 1902
do
do
5, 6, 7 Various
1906 to 1915do
do
4-4 kj
Various
1916 A 1917
do
do
Various
4-4*2
Jan. 1, 1906
J. A J.
Now York and Mobile.
4 to 5
1887 to 1903
Various New York and Nashville.
6
Oct. 1, 1905
N Y., Chemical Nat. Bank.
5
• A. & O
1907-1915
do
do
6
1891 & 1896
7
Various
Newark, City Treasury.
1887 to 1892
do
do
4**, 5, 7
J. A J. Newark, Nat. State Bank.
7
July 1, 1895
1909 & 1910
do
do
5 & 6
Various
do
do
1893 & 1906-’09
S.
, 4 *2 to 7 M. &
1891to 1909
do
do
7
Various
1887 A 1888
do
do
F. A A.
7
1889-95
do
F. & A.
do
5
do
do
J. & J
July 1, 1896
4ic
1895
do
do
5
F. & A
1906
1906
1891 to 1910
A. A O.
City Treasury,
1900 to 1904
do
A. A O.
1888 to 1909
do
A. A O.
1888 to 1909
do
A. A O.
Oct, 1, 1894
do
A. A O.
1888 to 1906
do
A. A O.
J.
J.
550,000
580,000
400,000
1,200,000
2,450,000
3,497,000
476,000
1,114,000
•
1835
!
1886
1,000
1886
1875-87
Various.
1376
1,000
1867 to’76;
1,000
1872-’74 i
1,000
1884
1 5,000
1881-’87 !
1,000
1
Collections in 1886 were better than in 1835 by about $150,000, and
the city also received $220,000 from taxes on railroad property col¬
lected by tbe State. Population in 1880, 120,722, against 82,5 46 in *70;
in 1885 by tbe State census population was 155,300. Taxable valua¬
tions and tax rate per $1,000 have been :
Years.
Real Estate.
Personal Prop.
Tax Rate.
$4,66 4,390
$58,287,892
.$29 40
61,571,512
4,564,683
32 80
1886
61,894,739
4,935,200
29 40
The value of railroad property, not included above, is about $25,000,000, which is sueject to a tax rate of l per cent for city purposes.
Kansas City, Mo.-In 1885 assessed valuation was $31,678,520
and tax rate 15 mills. In 1886 real estate valuation was $36.833,5,r0;
personal, &c., $9,553,240; tax rate per $1,000, $14 00
Lawrence, Mass.—Total debt, $1,761,000. Sinking funds. $325,53 4.
Tax valuation in ’85, $27,144,050; tax rate, 16*60; in ’86, $27,165,590;
tax rate, 16 40.
Pop., in 1884 45,000: 39.151 in NO: 28,921 in ’70.
Long Island City.—The interest on $314,500 of the general bonds
Is payable from taxation, and on $397,000 from water rents.
The tax
on revenue bonds issued in each year are chargoable on the uncollected
taxes and water rents of a previous year. The assessed valuation in
1885 was $7,299,170 on real estate and only $37,500 on personal
propertj*; the rate of tax was $10 40 per $1,0J(>. For state purposes
the valuation was increased to $10,000,009.
Real valuation about
$25,000 00<>. Population. 25,000.
Louisville.—The funded debt, Jan. 1, 1887, exclusive of loans paya¬
.
railroads, was $9,352,000. against $9,610,000,Jan. 1, 1886. The
sinking funds on Jan, 1, 1887, amounted to $4,373,831. Population by
Census of 1870 was 100.753, against 123,758 in 1880. The following
figures give, the assessed property valuation : 1881, $68,753,770; 1892,
ble by
In 18*3 valuation
$70,029,724, of which $52,269,634 was realty.
$66,118,53 4. tax rate per $1,000, $21 Ob; in 1834. $63,927,077. tax
rate, $21 00; in 1885, $62,763,461, tax rate $34 80; in 1886, valuation.
$64,405.515, tax rats*, $23*00; In ’87. val’n $66,500,000, tax rate$20 4<).
Lowell, Mass.—All the notes held by savings banks. Total debt
Dec. 31, 1886. $(,162,400, of which $1*37,0*0 was on < ecount of
■waterworks; sinkiiig funds, $887,269, $517.991 being for water loan*.
Population 59,475 In 1880; 40,928 hi 1£70; 75,009 iu 1894. Assessel
Rate.
5
1867, ’8, ’9 500 Ac,
1870
1,000
Post bonds
do
Waterworks
m
"
1,000
1,000
’54,’62,3, 8
half 20-4
Louisville, New Albany <fc St. L. Air Line RJ
do
m
*
$>66,tc.
do
Water loan
do
m
1885
1884
1862 to ’75 5000Ac.
1881 to *85 10,000
500 Ac.
1873-’75
Various.
Various,
500
18S3-’86
1859 to ’67
1,000
1866 to’67
1,000
500 Ac.
1883
1873
1,000
1871 to ’73
1,000
1,000
1853 to’69
1868
1,000
1871
1,000
1868 A ’73
1,000
Lawrence, Mass.—Sewer loan
Funded debt
do
outstanding.
Value.
Railroad bonds
School bonds
Principal—When
Amount
or
par
first page of tables
Floating debt bonds
For
For
Size
Date of
Bonds.
DESCRIPTION.
97,000
232.000
126,000
158,000
333,000
100,0)0
340,000
150,000
100.000
13 -.000
•
•
•
•
-
-
»
.
m
1887, real estate, $41,322,794; personal, $15,426,459,
$i5 70.
Lynn, Mass.—Valuation 1887, real estate, $2 4,491,440; personal,
$6 379.206; tax rate. $18*80; In 188 L $27,548,581; tax rate, $18*40.
Population. 23.233 in 1870: about 45.000 in 1883.
Mancliester, IV. H.—Valuation In 1395, $21,137,46 4; tax rate,
$17 50 per $1,000.
Valuation in 188~, $21,90),476: tax rate, $17.
The net proceeds from the waterworks more than meets the annual
interest charge
Population, 32,630 in 1880; 23,536 in 1870.
Memphis, Tenn.—The city was in default for interest after Jan. 1,
1873. The Legislature passed a bill, January, 1879, repealing the city’s
charter, and the “Taxing District of Shelby County’’was organized.
Under the act of Tenn. March 3, 1883, new compromise bonds are issued,
bearing 4 per cent till 1889, and 6 der cent thereafter.
The total debt
when funded will be nearly $3,000,000.
Iu 1884 valuation of real and
personal property, $13,499,325: tax rate, $23 50. Population in 1870,
40,226; in 1880/33.592; in 1834, 62,335.
Mil waukcc. Wis.—The city cannot issue debt beyond 5 per ct. of its
average assessed valuation of real and personal property for five years. In
1884 valuation was$74,951.750; in 1385 real estate, $61,445,921 and per¬
sonal, $17,415,445 ; in 1886, $32,641,743. Sinking funds are provided,
and all old issues except the general bonds due 1396 may be called lu
and paid by sinking fund; holders were misled as this was not stated
in the bonds.
Population, 71,440 in 1870; in 1335 (estimated), 160,000.
Minneapolis, Minn.—Total debt March 1,’37, $3,739,000; sinking
fund. $232,738; tax valuation iu 1896 87, real estate $33,008,856 and
personal $16,582,906—total. $99,591,762; tax rate, $L7 1<» to $19 00
in 1995, $77,500,000; in 1884, $74,308,711: tax rate 1885, $20 00.
Population, 46,8,37 in 1880: 160,000 (estimated) in 188e.
Mobile.—Valuation o. real and personal property iu 1883, $15,350,739; in 1894, $13,578,347, in 1885.$13,763,822. Population 35,000 in
valuation;
tax rate,
1835: 31.297 in 1880: 32.034 in 1870.
Nashville, Tenn.-Totil bonded indebtedness 8opt., 1887, was
$2,070,000; assessed valuation of all pr< perty m 1887 wa- $27,214,450;
tax rate per $1,000, $15; in 1391 valuation was $15,249,575.
Popula¬
tion. 43.350 in ’80; 25,865 in 1870.
Newark.—The bonds in tbe first line in the
table
are
payable oufcot
%
January,
New Brunswick,
1st & 2d mort.
Water b’ds. of
Size
Date of
Bonds.
DESCRIPTION.
For explanations see notes on
Immediate notice of any error
discovered
INTEREST.
great favor by giving
Subscribers will confer a.
'64/73,’74 ($10,000 only are 6s)
outstanding.
$....
$L80.000
1873
1881-82
500
47,000
1882-85
1885-86
500
500
52,000
109,500
1367-69
178,500
47,5Q0
1864-1874
improvement bonds
Sinking fund bonds
do
do
do
do
Oitv
434,100
Commissioners of streets and sewers
360,000
do
do
Hew Haven,
City bonds
(10-20 bonds)
Sewerage bds. (pay’le $15,000 y'rly
Seta Orleans— Consolidated debt
from ’95).
499,000
150,000
1,000
1,000
1,000
1,000
1871
1877
Conn.—Sewerage
1883
1854 to '84
Consolidated debt, extended
certificates to fund coupons
Railroad debt (all extended except $28,000)..
Seven per cent funding ’,Vi,n of 1869
Seven per cent fuuding loan of 1870
1883
1854-75
1,000
1869
1870
1857
Jefferson City (debtassumed) extend’d
1875
Premium bonds (in exchange)
1869
Water Works ($70,400 extended)
1857 to '73
Other old bonds ($305,500 extended)
1867 to ’e6 1,000Ac
Newton, Mass.—City bonds and notes
100
1869-’70
New York—Accumulated debt bonds, city
100
1869-’70
Accumulated debt bonds, county
500
1884
Armory bonds
500
1884 to '87
Assessment bonds....
500
1868 to ’83
Assessment fund stock
500
1872 to’77
Additional new Croton Aqueduct stock
100
1847 to ’52
Croton water stock
500
1871 to'87
Additional Croton water stock
500
Additional water stock, red’in’ble after 1913. 1883 to’84
500
1885-7
Additional Water stock
500
1871 to’81
Croton water main stock
100
1866
Croton Reservoir bonds
100
1856 to ’58
Central Park fund stock
100
.1865
to’71
do
do
100
1869
City Cemetery stock
500
11869 to’78
City improvement stock
500
1876 to’80
do
do
(cons., $687,803 red. aft
500
1874
City impr. stock (cons, st’k), cp., exch. (or ivg. 1869 to’70
100
City Lunatic Asylum stock
500
1871 to’80
City parks improvement fund stock.-.
500
1871 A ’72
500
1871 A '72
do
city,
500
187L
dock bonds
do
500
1872
do
500
1878
do
500
1874-’75
do
500
1872 to ’74
do
city
500
1874
do
county (A A B)
500
1874
do
city (B & C)
500
1876-’77
do
city (DEAFi
500
1877 to’84
do
city (GKLAM)
500
1880
do
city
500
1884
consol, st’k (Riker’s Isl’d)..
do
500
i 1886
A ’7
do
(Harlem Rive Bridge).
500
L870
to
’8
4
Dock bonds...
500
1884
Consol, stock (Metropolitan Museum of Art)..
100
1869-’70
Fire Department stock
500
1887
Gansevoort Market cons, stock, rev. bonds...
100
1867 to ’69
Market stock.
500
1873 to’81
Museums of Art and Natural History stock.
500
N. Y. City bds.for const.of bridge ov.HarlomR 1879 to ’84
100
1869 to’75
N. Y. Bridge bonds
500
1876
do do c 01180I. stock, redeem, after ’96
500
do do $500,000 af. ’96,$1,421,900 af 1900. 1876 to’80
500
do do $750,000 at. 1903, $416,666 af. 1905. 1880 to ’83
500
1871
Ninth District Courthouse bonds
500
1871 A ’72
Normal school fund stock
100
to
1862
’82
Nos.
3,
N. Y. Co. Courthouse st’k,
1,
4 & 5—
500
1870
New York County repairs to buildings stock..
500
1871
N. Y. and Westchester Co. improvement bonds
500
1871 to’74
Public school building fund stock
500
l*84-’85 i
School House bonds
100
1869 A ’70|
Street improvement bonds
100
1864
Soldiers’ bounty fund bonds
100
1865
;
do
do
No. 3
100
1865
Soldiers’ bounty fund red. bonds, No. 2
500
1870
Tax relief bonds, No. 2, coup, excli. for reg
500
1874 to ’77
Third District Court-house bonds
500
1872
Water stock of 1870
500
Debt of annexed territory of Westchester Co.
500
1887
Cons.stock, Improvement Morningside Park..
.
Ten year
-
.
.
.
7
6 A 7
7
5
6
6
7
6
7
5
N. Y., Ninth Nat. Bank.
M. A N.
M. A N. N. Bruns’k Nat. Bank, N. J.
do
J. A J.
do
M. A S.
do
FM AS
ds
J. A J.
do
M. A N.
do
M. A N.
321,400
6,259.000
445.000
15,50 ',000
5,196,000
_
.
1,766,600
75,000
7,977.515
701,419
820,000
5 A 6
6
7
5.6 A7
5 A 6
4,799,000
8,835,500
4,25 2,500
1,000,000
6g-
*
6 A 7
700,000
5,6 A 7
862,000
6,900,000
1,564,000
2,455,000
1,630,200
6,324.700
1,858,349
941,635
2,800,000
6 g.
0 g6 g*
6 g.
5 g.
6 g.
6 A 7
7
7
5 A 6
4 A 5
4
J*
3
3
180,000
1,550,000
12,253,000
25,000
521,953
2 JO,000
3 to 7
3
6
3
6 A 7
296,000
958,000
4, 5 A 6
499,500
3, 4 A 5
1,500,060
500,000
1,921.900
1,166,666
6
6
5
4 A 5
7
6
300,000
200,000
1,273,000 4, 5,6 A7
6
20.000
6
30.000
606,900
6
3
6
1,500,600
745,800
376,600
3,000,000
6
7
7
7
636.000
1,300.000
5 A 6
6 A 7
7
3
398,000
475,000
690,000
50,000
1922
When
1899
1892
1887
dravn.
A 1923
to 1923
to 1914
Nov., 1888
Nov., 1888
’94,1904
to’92
1903 A 1910
0
Aug. 1, 1900
0
Feb. 1,1890
ft
0
1891, ’99 A 1904
Oot. 1, 1933
Oct.I, 1904, ’5& 7
8
|H
Nov.
1,1900-1906
1,1907
Aug.
0
_
July 1, 1898
Juue 1,
Nov. 1,1889A ’92
1900 A 1926
Nov. 1,1896
*j.2
D <0
Aug. 1, 1889
1901-1904
July 1, 1901
4
J.
.A
July 1, 1901
July 1, 1901
Jan. 1, 1902
Nov. 1, 1896
Nov. 1, 1928
Nov. 1, 1891
Deo. 1,1896
Deo. 1, 1896
May 1,1916, A26
Nov. 1/89, ’97’99
J.
J.
J.
A t£
P *-<
N.
N.
M
N.
D.
D.
N.
N.
N.
N.
N.
N.
N.
N.
N.
N.
N.
N.
N.
N.
Eg
Jfc
©
xi
oS
z
»!
•
Aug., 1894
0 a>
Nov. 1, 1910
Nov. 1,1906-1908
Nov. 1,1901-1918
Nov. 1,1905
Nov. 1,1899
0’S
«£7
^ &
A
0
2
1907 A *3
May 1,1894 A '97
May 1, 1903
Nov. I,
a
ft$
Sh
1,1891
1, 1905
May 1, 1926
May 1, 1926
May 1, 1928
Nov. 1,1890
Nov. 1,18M
Nov.
Nov.
o_-
O'®
63
A
A
A
A
A
A
A
A
A
33 rH
® ■*-<
Nov. 1, 1888-’98
Nov. 1, 1888
Deo. 1, 1891
Nov. 1,1891
lug. ,’94 ANov. ’97
Nov. 1, 1888
<53®
<S
a
Z*A
00
V
Nov., 1888-'90
3
Nov. 1,1895-’97
Nov. 1,1891
a
Nov.
1
1
1
1895
Aug. 1, 1888
©M
N.
N.
N.
N.
N
N.
N.
N.
N.
N.
N.
N.
N.
N.
N.
A N.
A N.
A N.
M. A N.
M. A N.
M. A N.
Various
M. A N.
A 1923
Nov. 1.1888
Q.-F.
M.
M.
M.
M.
M
M.
M.
M.
M.
M.
M.
M.
'•
’91A1T01
July 2,1887-*97
1895 to 1904
1892 to 1934
1892 to 1923
Jan. 1. 1893
1894 to 1923
1894 A 1922
1895 A 1922
Ang. 15.
Q.-F.
M. A
M. A
M. A
M. A
M. A
M. A
J. A
J. A
J. A
J. A
M. A
M. A
M. A
J. A
J. A
M. A
M. A
M. A
M. A
M. A
M. A
M. A
M. A
M. A
M. A
M. A
M. A
M A
M. A
Oct. 1.
City Treasury.
Q.-F.
Q.-F.
6
20,000
674,300
19)5-1906
1894-1898
1898-1906
do
do
do
do
Various
M. A N.
M. A N.
M. A N.
M. A N.
3, 312
4,5,6 A 7 M. A N.
5, 6 A 7 M. A N.
5 A 6
Q.-F.
3^ to 6, 7 M. A N.
A.
A O.
3, 3i2
A. A O.
3, 3i2
4,5,6A7 M. A N.
1901-1902
1902-1403
do
do
A J
.
Sept. 1,
do
New Orleans.
do
do
do
....
.
1892-1904
1887-1900
1887-92
do
J. A J.
F. A A.
J. A J.
J. A J.
J. A J.
Various
M. A S.
J. A D.
Various
J.
aue.
Whom.
City Treasurer.
A.. A O.
6
6
6
397,000
6 A 7
567,750
6 A 7
375,750
6
41,500
5
7,504,820
o A 6
82,400
6 to 10
378,100
415,200 3^ to 6*2
7
1,300,000
7
1,200,000
3
1,172,000
3,768,000
1,393,650
1,331.300
Principal—When
payable and by
payable
2,649,000
2,127,360
761845. 81
.....
5
in these Tables*
Rate.
3*9
5, 6,7
150,000
1,651,000
1,000
Where
When
Value.
N. J.—
water works bonds
A-IiiOllIlu
or
par
first page of tables.
II
SECURITIES.
CITY
1888.]
l
5
1,1890
Nov. 1,1890
Nov. 1,1902
1888 to 2147
Nov. 1, 1908
$127,705,853, tax rate
Ascheme for settling
and drawings
take placeman.31, Apr.15, July 31 and Oct.15. Popul’u iu ’80,216,090.
Newton, Ulasa.— Sinking funds, Jan. 1, ’87, $237,973. In 1884
valuation $27,814,561: tax rate per $1,000, $14-40.
Valuation in 1886
$31,010,930; tax rate, $14 40 per $1,000. Valuation in 1887, $32,298,real estate, $74,189,110; personal, $18,730,160; tax rate, $19 30. Popu¬ 657; tax rate, $15-80. Popula. 19,759 in ’85; 16,994 in '80, 12,825 in '70.
lation in 1870, 105,059, against 136,508 in 1880, and 155,000 in 1885.
New York City.—The total debt of New York, January 1.1837, was
New Bedford, mass.—Population, 35,000 in 1886; 21,320 in $125,982,736; the amount of sinking funds, $41,205,470. The follow¬
1870. Assessed valuations iu 1887 were real estate, $17,372,600; per¬ ing statement shows the details of funded debt and the amount in the
sonal property, $15,309,694; tax rate. $17*40. In 1886 were real estate, city siukiug fund at the dates named:
Jan. 1, 1888.
Description.
Jan. 1, 1886.
Jan. 1, 1887
$16,718,900, and personalty, $15,416,696; tax rate, $L6 per $1,000.
Total funded debt....,..$125,475,240
$125,932,736 $128,263,719
New Brunswick, N. J.—There are
$50.<K)0 7s
$14,903
sinking fund of 1864, which amounted Dec. 31, 1886, to $550,471!
public school bonds out of public school fund, $488,265: Cliuton Hill
bonds by sinkimr fund $263,560. The total amount iu the sinking funds
on Deo. 31, 1886, was $2,622,063.
The Aqueduct bonds are uot a direct
liability of the city of Newark. Real and personal property have been
assessed at about two-thirds of true value as follows : 1884. real estate,
$72,456,775; personal, $L8.524,775: tax rate per $1,0 0, $20 30 ; 1885,
the
and
also
The fiscal year ends March 31. On March 31. 1887, the
valuation of real estate taxable was $4,062,455 ; personal. $1,325,850;
5s, due 18a8.
valuations areonly about one
The sinking funds March 31,
1887, amounted to $lo2,590. The city finances are now under able and
oonseivative management, and the actual net debt js decreasing.
On
April 1 tile statement was as follows for three years : In 1885, net debt
less cash and sinking funds, $1,561,100; in 188 4, $1,526,134 ; in 1887,
tax rate, $4*14 per$1.00 ». The assessed
third of the true value of real property.
$1,508,882.
New Haven, Conn.—Bond funds, $134,784.
The city made a
special loan of $75,U00 to the New Haven A Derby RR., anil iruaranteed
$225,000 of its 2d mort. bonds. Popula. in 1870, 50,840; in 1880, 62,882.
Assessed valuat’n (about 80 percent of value), tax rate per $1,000, Ac.,
have been:
Years.
Real Estate.
.$36,293 114
42,000,000
Personaltv.
$14,271,224
16,000,000
Rate of Tax. Tot.
$ L l 00
11 00
11 00
Sinking fund
Net funded debt
Revenue bonds
Total net debt
819,000
were
for ten
valuation of
^roity/real Apera’al, in ’84, $114,581,744; tax rate per $1,000,
$20*0);
41,205,470
30,522,484
$89,361,426
$34,777,266
3,670,525
5,618,368
$88,746,285
4,554,846
$93,031,951
$90,395,634
$93,300,581
population of New York, by the U. S. Census, in 1870 was 942,292,
and 1,206,299 in '80. Jan. 1, '65, and since Jan.,’72, the valuation, rate
of taxation, and net funded debt at end of year have been as Net
follows:
Debt,
Tax p $l,00o
Personal
Real
Estate.
Years.
$427,360,384
797,143,665
1865
1874f..
$114,078
134,784
bonds run till 1923, but are redeemable after 1895. Certificates
issued for overdue coupons to Jan. 1, 1883, and though made
The assessed
years the* eorHficatos are payable at ontion.
36,113,814
The
D’bt. Skg.Fds.Ao.
$714,000
799,000
17,500,000
43,500,000
RNew O rleans.-Total debt June 30, 1887, was $16,862,034
In June, lt>e2. a law was
passed to issue new 6 per cent
40 year bonds for all old bonds other than premiums; the extended
fn ’85, $123,929,268; tax rate $25-40; in ’86,
$20 20; in 1836-7, $125,096,250, tax rate $20 20.
the debt by a bond premium drawing plan is in practice,
1879
1380
1881
1832
1883
*
Less
.
.
881,547,995
883,643,545
892,428,165
895,063.933
900,855,700
918,131,330
942,571,690
976.735.199
1,035,203,816
1,079,130,669
sinking fund.
Estate.
$181,423,471
306.949,422
272,481,181
217,300,154
218,626,178
206,028,160
197,532,075
175,934,955
201,194,037
209,212,899
198,272,582
197,546,495
<
State. City.
34 96 $24 94
5 20 23 81
6 6 5 21 35
7 27 22 13
651 2 L 49
3 78 22 72
3 56 21 94
3 43 22 37
3 12 22 13
360 22 60
-22 50—
22 90
Annexed towns
included.
Deo. 31*
$3->,973,597
95,467,151
114,979.070
110,773,721
I19,8l',3l0
117.70\742
113.418,403
109.4v5.414
106,068,240
102,613,301
109,383,433
95,529,939
INVESTORS’
12
Subscribers will confer
a
[Vol. XLVI.
great favor by giving immediate notice of any error discovered in these Tables.
DESCRIPTION.
For explanations see notes on
SUPPLEMENT.
Date of
Bonds.
first page of tables
INTEREST.
Size or
Amount
par
Value.
outstanding.
Rate.
When
Pay’ble
Principal—When
Where Payable and by
Due.
Whom.
:
1870-’84
1881-’86
1872-’73
1887
1871
1877
Water loan ($150,000, 1898)
1868 A ’80
Court House
1875
1878
Sinking fd bds of 1878 ($100,000 water loan)
1883
Funding
Paterson, S.J.—Scln tol bds ($6,000 are 4 kjs, A AO) 1859-’6G
Funded debt bonds
1871
Sewer b’ds ($ 130,000 are M. A S. & $90,500 5s).
1869-’82
War bounty bonds
1864-’65
Renewal bonds, “B,” “C,” “D,” “E” and “F”.
1877-’8G
Norfolk, Va.—Coupon bonds.
Coupon bonds of 1881
Trust and paving, coup....
Coupon Donds
$860,700 i
660,000
290,800
37,500
$100
100
100
500
100
640,000
160,000
200,000
1,000
1,000
1,000
1,000
164,000
Various
Norfolk and Baltimore.
1894 to 1914
A. AO.
do
do
1911, 1916
A. AO.
do
do
Apr.,’92, July,’93
M. A S.
Norfolk.
Sept. 1, 1917
M. A N.
New York and Norfolk.
1901,1914 & 1915
A. AO Boston, Nat. Bkof Republic
April 1. 1907
Various Norwich, Thames Nat. B’k.
1898A1910
,T. A J.
do
do
Jan. 1, 1905
A. AO.
do
do
April 1, 1908
A. AO.
do
do
Oct. 1, 1913
J. AD.
1887-1904
City Hall, by Treasurer.
J. AD.
do
do
1887 to 1900
do
do
1887-1902
5, 6,7 Various
J. A D.
7
do
do
1887 to 1900
do
do
1901-1907
4, 4^ A 6 Various
J. A J. Philadelphia, by Treasurer.
6
1867 to 1906
6
J. A J.
do
do
6
J. A J.
do
do
> 1887 to 1903
6
J. A J.
do
do
J. A J.
6
do
do
6
J. A J.
co
do
1887 to 1905
J. A J.
6
do
do
6
J. & J.
do
1899 to 1905
do
4
do
do
1887 to 1904
7
Various N. Y., Mercantile Nat. Bk. Nov. 1/87 to 1898
M. A N.
do
do
Mar. 1, 1902A’03
do
5, 6 g„ 7 Various
do
1888-’89-1901
J. A J.
7
New York.
July 1, 1888
7
A. A O. Phila., Townsend, W. A Co.
1893 to '98
6
J. A J.
do
do
1908
6 A 7
Various Pittsburg and New York.
1893 to 1912
4 A 5
J. A J. New York, B’k of America.
1913
5
1912-1913
Pittsb’rg and Philadelphia.
4
J. A D.
Dec. 1, 1915
Pittsburir, Treasurer.
6
M. A N. Bos., MaverickN.Bk.orPtld Nov., 1887, ’88
J.
A
6
J.
do
do
July 1, 1897
M. A S.
6
do
do
Sept. 1, 1907
6
Boston and Portland.
m’ntlily
1887 to 1897
4
J. A J.
July 1, 1912
5
J. A J.
Providence.
Jan., 1893
5 A 6 g. J. A J. Boston, Prov. and London.
July, 1900
5 A 6 g. J. A J. N. Y., N. City Bank, A Prov.
July, 1900
5 g. J. A J.
do
do
July 1, 1906
N. Y., Best, or Loudon.
3^g M. A 8.
Sept. 1, 1916
5 g. J. A J Loudon, Morton, Rose A Co
July 1, 1895
J. A D.
41s
Providence.
June 1, 1899
5
J. A J.
do
July 1, ’99 A 1900
7
J. A J.
do
1892
Various
Boston and Providence.
4’-3
May 1, 1888-89
'
6
J. A J.
J.A J., 1888-1914
Richmond, Treasurer.
8
J. A J.
do
do
1904-1911
5
J. A J.
do
do
July, I914-’20
4
1920
7
J. A J.
N. Y.. Union Trust Co.
1888 to 1903
F. A A. New York and Rochester.
7
Feb. 1, 1893
Various
7
do
do
1887 to 1902
7
J. A J.
N. Y., Union Trust Co.
Jan. 1, 1903
,T. A J.
7
do
Jan. 1, 1905
4
F. A A.
do
Aug. 1. 1912
J. A J.
3
do
1890, rodeem.’87
4 A 5
Seiui-au
1887 to 1911
City Treasury.
6
J. A J
do
1888 to 1899
6
F A A.
do
1891
M. A 8.
6
do
1902
3-65
do
On call.
6 A 7
Various N.Y., Bk. Repub. A Bk.Com.
1888 to ’99
5
N. Y., Nat. Bk. of Commerce
1900
4
do
do
1902-’03-’05
do
do
1907
3*3
6
Various N.Y., Bk.Com. A Bk.Repub. May,1888 tol906
6 g.
F. A A. N.Y.,Nat. Bk. of Republic.
Aug., 1898
6 A 6 g. Various N.Y.,Nat. Bk. of Commerce
1888 to’95
6 g. Various New York and St. Louis.
18.^0 A 1892
6 g. M. A N.
do
do
July 1, 1894
3 S’
Newr York or London.
1888 and 1894
M. A N.
5 A 6
do
do
1895
6 S- J. A D. N. Y., Nat. B’k Commerce
Dec. 10, 1892
4 J
J. A D.
New York and London.
June 1, 1905
M. A S. N. Y., Nat. B’k Commerce.
7
Sept. 1, 1888
6 g. J. A D.
do
do
June, 1892
6 S’ A. A O.
do
do
April 1,1905
F. A A. N. Y., Nat. Bk. Commerce.
4
Aug. 1, 1901
F. A A.
6
do
do
Aug. 1, L903
5637881185-67 81183-7654.
Philadelphia— Consolidated city loan
do
do
do
500
500
500
500
500
50 Ac.
50 Ac.
50 Ac.
50 Ac.
50 Ac.
50 Ac.
50 Ac.
50 Ac.
25 Ac.
1855
1855 to’71
1859 to’70
1868 to ’70
1862 to 65
7.860 to ’70
do
do
municipal, school, sewer, Ac
Guaranteed debt, gas loans
Four i>er cent loan (“H” to “ Y”)
Peoria. Ills— School loan
War loan
Water loan
Peoria A Rock Island Railroad
Pittsburg—Water exten. loan (coup,
1,0' 0
....
for water works
for bridges
;
for park and Centennial
for war and bounty purposes..
1879
70.000
393,500
291,500
251,000
2,217,220
564,500
6,401,800
3,836,000
8,403,200
11,706,500
16,241,100
3,500,500
6,498,800
53,500
42,000
450,000
100,000
__
____
100 Ac.
25 Ac.
500 Ac.
100 Ac.
100 Ac
100 Ac.
1868 to’74
1878
1845 to’72
1863
Compromise railroad bonds (coup, and reg.)..
Funded debt improvement bonds, cp. A reg
1882-’83
1885 '
Improv. bonds coup.or reg.(Act of May 9,’79).
1869-’70
Portland, Me.—Loan to Atl. A St. Lawrence RR.
Loan to Portland A Rochester Railroad..
1872
do
Portland A Ogdensburg. .1
1872
1867-79
Municipal—proper
1887
Funding loan (redeemable July, 1902)
1863
Providence, R. J.— Recruiting and bounty bonds
Water loan bonds, gold, coupon
1872
do
do
1874
registered
do
do
do
1876
do
do
1886
'
gold coupon
1875
City Hall & sewer loan b’dB, sterling, cp. or reg
do
loan of 1879
1879
Public improvement loan, registered
1879
Prov. A Springfield RR. bonds, guaranteed...
1872
New High School Building certificates
1877 A ’79
or
150,000
125,0u0
61,000
reg.).
...
Water loan, reg
Funded debt and other municipal bonds
.
4,282,500
300,000
1,226,525
2,178,698
1,480,000
3,739,100
1,000
54 4,000
500 Ac.
416,000
1,000
1,200.000
851,000
727,000
300,000
2,028,000
1,972,000
1,500,000
483,000
1,397.250
600,000
596,000
500,000
500 Ao.
1,000
1000Ac.
lOOOAc.
lOOOAc.
1000Ac.
-
1,000
£100
lOOOAc.
Large.
1,000
Various
31,«38
Richmond, Va.—Bonds, reg.,($l 18,000 are coup.)
Bonds, reg. and coup. ($213,500 are coup.)...
New lives, 10-34 years, registeied..
2,324,763
1.179,700
1,478,000
428,700
132,000
428,700
585,000
•
Bonds
Rochester, N.T.—To Genesee Valley Railroad
1872
1,000
To Rock. A State L. and R. N. A P. Railroads. 1872 to’74 lOOOAc.
For various city improvements
1872 to’75 Various
Water works loan, coupon and registered
1873 to’76 1000Ac.
Funding loan
1875
1,000
Consol loan
1882
5,000
Local improvement l unding loan
1885
5,000
50 Ac.
Kockland, Me.—Municipal bonds
Railroad loan ($20,000 payable yearly)
100 Ac.
1869
do
100 Ac.
1871
do
100 Ac.
1872
Notes and certificates of deposits
1868 to’79 Various
Renewal bonds
1880
go
1882-83-85
do
18s7
General purposes
1858 to ’75 Various
•_
Tower Grove Park bonds (gold)
1868
1,000
Sewer uonds ($336,000 are gold bonds)
1858 to ’75
1,000
Hew water work bonds (gold)
1870 to ’72
1,000
1874
Refunding water pipe, special tax, gold
1858-74
Floating debt ($900,000 are gold)
1,000
Real estate ($ .0,000 are gold an l $2c,000 5s)
1875
1,000
Bridge approach bonds (gold)
500
1872
1885
1,000
St. Louis County bonds—County Jail
1868
1,000
do
do
General purposes, £
1872
1.000
do
do
Park bonds, coup.,[gold!
1875
1,000
St. Josepn. Mo.—Funding bonds
1881
1883
Funding bends
..
e
•
•
3,182,000
410,000
100,000
150,000
615,150
52,600
59,500
54,100
105,852
4,566,000
1,024.000
913,000
4,415.000
612,000
340,000
1,086,000
1,700,000
•
800.000
1,830,000
465,000
461,000
950,000
500.000
600,000
1,900,000
819,200
902,000
...
....
Real
Estate.
Years.
*
Personal
Estate.
Tax p
$1.0C0
City.
Net Debt,
State A
$1,119,761,597
$218,536,746
$22 50
1,168,443,137
1,203,941,065
1.254.491.849
Less sinking Lind.
202.673.866
217,027.221
253,148,814
24 00
Dec. 3‘1 *
$94,406,228
.
22 60
21 60
93,031.951
90,395,634
93,300,581
Norfolk., Va.—The assessed valuations and tax rate
$1,000 are:
Personalty. Tax Rate.
‘$1,722,492
$20
Real Estate.
$9,776,197
-
10.086.898
12,307.131
11,963,450
12,094,205
—Population by U. S. Census in 1»70, 19,229
per
1,494,483
20
1,899,550
1,739,630
18
18
1,642.820
18
in 1880, 21,966.
Norwich, Conn.-The valuations and tax rate per $1,000 are:
Years.
1884
18S5
;
Real
Estate.
Personal
$7,505,514
7.C24.571
$2,03c,956
7,694,226
7,539,329
Rate of
Property.
2,459,352
2,388,506
Tax.
$9 < 0
'
2,381,600
"
9 00
9 00
9 50
—Sinking fund, May, 1887, $65,613; population, 21,145 in 1880; 16,653 in 1870.
Paterson, N. J.—Finances are apparently in a sound condition
The assessed valuations, tax rate per $1,000, Ac., have been:
Years.
Real Estate!
Personaltv.
1883-84
1884 85
$18,521,342
$3,876,075
19,205,501
3.816,500
19,549,111
3,891,115
20.467J 76
3,913.863
—Population, 51,031 in 1880; 33,579 in 1870.
Philadelphia.—Jan. 1, ’87, the funded debt
5
8
5
5 A 8
5
5 A 6
7
5
4
A 7
7
s
....
....
©
0
e,
.
....
'
m
m
m
B
....
roMnwOitf table the assessed value of real estate is near its cash value:
Years.
Real Estate.
Personalty.
Tax Rate.
1884
$373,728,105
$9,884,578
$18 50
1885
587,749,828
10,035,600
18 50
1886
601,001,971
10.307,644
18 50
61S059.9«7
10.619 325
18 50
1888
3,149,665
644,063,374
Assessed valuations of property for 1887 were: Full city property,
.
The Legislature passed a law in 1885 that the indebtedness should
not exceed 10 per ceut of the assessed value of real estate, and this 10
per cent was construed by the Court of Appeals not to Include the bonds
in the sinking fund as a part of the debt.
(V. 43, p. 41; V. 44, p. 204 ;
V. 45, p. 86, 541 ; V. 46, p. 60.)
Years.
6
Tax Rate.
Debt.
$25 00
$1,168,500
25 00
25 CO
1,168,500
1,165,000
1,167,000
25 00
was
$59,369,620. in the
$509,587,035; suburban property, $40,203,885; farm property. $18,»
888,392. Tax rate, $18 50.
Population, 1870, 674,022, against 847,*
170 in 1880.
Peoria, Ill.—Total debt,
$670,500 Dee. 31, 1886. Population,
1880; 22,849 in 1870; in 1886 (estimated), 45,000.
Pittsburg.—Total debt Jan. 31, 1887, was $13,200,823; net,
29.250
m
$11,165,976. The assessed valuation in 188t was: Real property;
$105,404,720; personal, only $1,838,258; tax rate, 1884, $16 per $1,000
Valuation of real estate in 1885, $108,530,608; personal, $3,000,000;
tax rate, $13.
Total valuation in 1886--7 about $130,000,000; tax
rate $14.
Valuation of real estate in 1887-8, $132,266,000; personal,
$2,464,000; tax rate, $18. Population. 156,389 in 1880; 86,076 in
1870. and on July 1, 1887 ('estimated), 205,000.
Portland) Ule.—The sinking Lind and available assets March 31,
1887, wTere $147,627, not including $1,350,000 P. A Og. RR. bonds.
The city is protected by mortgages on Atlantic A St. Lawrence Railroad.
Population in 1880, 33,810; 1870, 31,413; 1887 (est.), 40,000. The as¬
sessed valuations, tax rate, Ac., have been:
Real
Estate,
Personal Rate of Tax
Total
Sinking
Property, per $1,000.
Debt- Funds, Ao.*
$20,431,300 $12,598,720 $20 00 $4,371,000 $133,848
20,794,300
12,014,435
20 50
106,408
4,286,000
21,208,000
2100
11,759,525
4,285,500
162.P86
21,571,000
11,862,200
2100
147,626
3,942,1100
These do not include the sinking funds for railroad loans.
Providence, II. I.—The principal debt of Providence has been cre¬
ated since ’72 for wrater w orks, sewerage, the City Hall and Brook Street
Years.
*
Improvement.
The sinking fund for bonds duem 1893 is $333,367;
1895-99, $719,564; 1899 1900, $141,178; 1900-06-16, water loan, $452,275.
Population. 1870, 68,904; 1885, 118.070.
The laws of Rhode
Island now limit the debts of towns to 3 n. c. of their assessed valuation.
CITY
188°.]
January,
great favor by giving immediate
Subscribers will confer a
IS
SECURITIES
notice of any error discovered in these
INTEREST.
For explanations see notes on
St. Paul,
Bonds
Size or
par
Value.
Date of
Bonds.
DESCRIPTION.
first page of tables.
Minn— Bonds
1881-85
1870 to’85
1868 to’81
1864 to ’78
I860 to’79
1886
1882-4-5
Various.
1868-9
1878
1864
1865
1870
1874
1872 to ’75
1871 to ’73
1874
1875 to’76
1873-74
1876
$1,000
$81,000
1.000
500Ac.
Various
Various
901.600
468.000
523,747
1
8
2
3
4
5
6
S
7
831881
do
do
do
do
Waterworks coups, (acts
Salem. Mass— City debt
Water loan
Feb.,’81 A Jan., ’83).
do
San Francisco— Cent.
4581
Pac. RR., coupon (gold)..
do
do
Pacific Railroad,
Western
..
School bonds
School bonds
Park improvement bonds
Hospital bonds
Correction bonds
City Hall construction
Montgomery Ave (special tax)
House of
Dupont St. (special) (Act March 4, 1876)
Savannah. Ga.—Compromise bonds of 1879
Compromise bonds of 1883
Somerville, Mass.—City debt
....
1,000
1,000Ac
100 Ac.
100 Ac.
1883
Large.
•
YTear8.
1883....
1884....
1885....
1886....
1887....
Personal
Property.
Real
Estate.
$90,143,400
$31,722,000
97.975.900
1875 to’86
1874’77
1870
’73,’74A79
r.)
Tax per
$1,000.
$14 50
30,854,400
31,314,600
32,281,500
34,021,720
91.642,100
92,887.400
Large.
1,000
1,000
1,000
Toledo, O— General fund city bonds, coup
Floating debt refunding bonds
Toledo A Woodville Railroad, coupon
Water works ($3,000 only 6s)
Eritlge b< nds (redeemable after 1893)
Worcester, M.—City, ($521,500 c., $1,521,900
Sewer debt (all registered)
Water debt, reg..^
1883-’84
1861 to ’83 500 Ac.
1870 to ’86 500 Ac.
1870 to ’85 500 Ac.
r
$9,941,188
$1,681,400
1,843,785
1,438,328
1,701,985
1,815,811
14 00
9,685,817
-
6
5
7
7
7
6
6
6
7
6
g.
g.
g.
g.
g.
g.
g.
g.
Pay’ble
7 g.
Where Payable,
Whom.
Due.
and by
1907 to 1912
Various N. Y. Am. Exch’ge Nat. Bk.
1897 to 1915
do
do
Various
1888 to 1904
do
do
Various
1887 to 1903
do
do
Various
1893 to 1904
do
do
Various
1916
do
do
1912 to 1915
do
do
Various
Jan., 1888 to 1895
Various
City Treasury.
do
do
A. A O:
Apl. 1, 1888-1898
do
do
July 1, 1904
J. A J.
July 1, 1894
J. A J. San F. A N.Y., Laidlaw A Co.
May 1. 1895
do
do
M. A N.
June 1,1890
do
do
J. A D.
d»
do
July 1, 1894
J
A J.
1897 A 1904
do
do
J. A J.
Nov. 1, 1891
do
do
M. A N.
do
do
July 1, 1894
J. A J.
do
do
July 1, 1899
....
J.
A J. San.F.A
1896
N.Y.,LaidlawA Co.
Feb. 1, 1909
Y., Eugene Kelly A Co.
3,304,000
do
do
July 1, 1913
348,500
18t>7 to 1896
1,170,000 4,5,512,6 Various Boston, Nat. Security Bank
1887 to 1906
do
do
335,000 4, 5, 5*2 Various
1888 to 1889
Salem.
Various
4^
48,000
1887-1890
Various Boston, First National B’k.
6
63,000
do
do
Apl. 1,’94, to 1905*
A. A O.
6 A 7
1,200,000
1888 to 1893
do
do
A. A O.
7
120,000
1888 to 1913
4 to 8
Various N. Y., Imp. A Trad. N. Bk.
976,000
1889-1892
do
do
Various
6 A 8
296,000
May, 1900
do
do
M. A N.
7*3
43*2,000
1893 to 1899
do
do
Various
6 A 8
1,000,000
Oct.. 1913
do
do
A. A O.
5
475,000
1, ’88 to 1905
1,943,400 4, 5 A 6 Various C.Treas.ABost. Mchts.’ Bk. Jau.
1899 to 1905
do
do
785,000 4,412,5 Various
Jan. 1, ’88 to 1915
do
do
655, LOO 3i2, 4,5,6 Various
Funds, &e.
9,890,688
9,568,188
87,000
200,000
475,000
210,000
150,000
174,500
Debt.
14 50
14 50
4, 5 A 6
285.000
AssetsinSink.
Total
4*2
4 A 5
919,000
100 Ac.
100 Ac.
1879
.
4
5
6
7
8
393.500
161,000
Ac.
Ac.
Ac.
Ac.
Ac.
Ac.
Ac.
Ac.
Various.
Railroad loan
Rate.
When
1,579,000
Water loan
Springfield, Mass— City notes
City b onds...
Water loan ($‘200,000 are 6 per cents)
263,125
425,000
1,500,000
559,500
375,000
1,000
500
500
500
500
500
500
500
500
Principal—Wht n
Amount
outstanding.
Tables.
14 50
9,767,616
99,754,040
Richmond) Va.—Total debt Jan, 1, 1888, $5,633 (583. In 1887,
real estate valuation, $33,106,024; personal. $10,909,612; tax rate per
5
5
Q-F.
Q.- J.
N.
,
debt as above given there were
payable on demand. The sinking
mostly consisting of City of Salem
binds. Population, 27.563 in 1880; 24,117 in 1870. T»x valuation,
1882, $25,523,242; tax rate, $15 50. In 1883 valuation. $25,614,115;
tax rate, $16.
In 1884 valuation, $25,360,772; rate of tax, $17 50. In
1885 real estate valuation, $12,831,300; personal, Ac., $12,234,830;
total, $25,066,130; tax rate, $16 50. In 1886 valuation of real estate,
$13,283.50(; personal, $12,937,024; total, $26,220,523; lax rate, $15 50;
Salem) Mass.—In additiou to the
in Dec., 1886, $96,936 trust funds,
funds Feb., 1887, wTere $431,470,
1837, $16 uO.
Fraucisco.—Population, 233,959 in 1880; 149,473, iu 1870*
The Montgomery Avenue and Dupont Street bonds are special issues,
charge able only on the assessment of property benelitted, and suits
are in progress to determine their legal status.
The decision has been
in favor'of the bondholders, but the case was appealed to the U. S.
Supreme Court. Sinking funds on hand Oot. 5,1887, $1,020,080; net
tax rate in
Sail
provided for by net receipts
Population, 89,366 in 1880;
62,386 in 1870; in 1882, estimated, 105,000. Assessed valuation (60
per ct. of true value), rate of tax, Ac., have been :
Total
Tax per $1,000
Personal
of Genesee Valley RR. loan, $132,000, are
from a lease of said road to Erie Railway.
Years.
1883
1884....
1885....
1886
1887
....
....
Real
Estate.
Property.
$36,166,200
$1,817,200
1,778,100
37.270,850
38,563,020
2,389,050
3,345.000
72,171,975
Debt.
in old Wards.
27-65
32 22
30-98
15-22
16-45
$5,354,000
5,284,000
5,399.000
5,459,000
5.309,000
4.529,000
72,8110,600
In 1886 real estate valued at 80 p c. Populationin 1887 about 125,000.
Rockland, Me,- Valuat’n of real and personal estate, 1885, about
$3,900,000: tax rate, $26 per $1,000; 1886 valuations, $3,788,780; tax
rate, $22 50 per $1,000. Population, 7,599 in 1881; 7,074 in 1870.
....
32.431; iu 1870. 19,565; in
made iu new 4
per cent bonds, which are given for the full principal and interest of
old bonds. Dec. 31,1887, there were in addition to bonds given above
$28,450 small issues. Total funded debt I>ec. 31,J1887^ was $1,749,650;
cash iu sinking funds, $14,093.
The assessed valuations (in 1837 one-ha'f of actual valuation) and
tax rate per $1,000 for three years were as below :
Real estate.
Persoual.
Tax rate.
$7,586,650
$3,673,193
$23
7,873,150
3,700,222
22
1887
15,600,000
’
21
St. Louis.—Population by the United States census in 1870 was
310,864, against 350,518 in 1880. The city and county were merged
by law in 1877 and city assumed the county bonds. A claim of the
8t. Louis Gaslight Company for gas furnished, amounting in all to
about $382,000, with interest to March 31, 1882, was decided against
the city in 1880 an l paid. $543,000 renewal bonis, due 1900,are redeem¬
able in 1»90: $913,000, due 1902-1905, are redeemable 1892-1895. Of
the bonds as given above, $2,343,000, maturing m 1888. will be red* eraed
w ith proceeds of the $4,415,000 bonds of 1837.
In addition to the bonds
as given iu above table, there ate the following:
$10,000 Hospital, 6s,
due iu 1883; $44,000 Harbor, 6s, duo 18,sS; $55,000 Carondelet
St.
Joseph, Mo.—Population in 1880.
1887, est mate l 60,000.
A compromise of the debt was
indebtedness 6s, due 1895, and $100,000 Fire De. t., 6s, due 1395.
Assessed valuxtion of property and tax rate have been:
Real Estate .—Rate of tax per $1,000.—>
and Personal
New
Old
Bonded
Years.
1884
1885
1886
1887
Property.
$211,480,710
207,526,000
214,427,690
216,778,670
586; V. 45, p. 26.)
Limits.
$5 00
5 00
5 00
5 00
Limits.
$17 50
17 50
17 50
17 50
Debt.
$22,105,000
22,016,000
22,942,000
22,105,000
funded debt Oct, 5. 1887, was $1,209,920.
Tho following valuations
are made by the city and county, the valuations by the State
dili'erent, but the tax rate below
being
includes that for State purposes :Total
Tax Rate.
$18 05
18 02**
151,894,908
158,723,269
16 97^
15 75
164,495,888
171,416,426
15 95
175,409,145
15 71
17 56
191,608,441
Savannah. Ga.—Default was made on interest Nov. 1,1876, in conse¬
quence of yellow fever and non-collection of taxes. The compromise
gave new 5 per cent bonds for the face of old bonds; and for interest up
to Feb. 1, 1879, 58 per cent of the face value in similar bonds. Assessed
value of real estate and tax rate each year have been as follows;
In 1881, $10,500,000, $25; 1882, $10,650,000, $30; 1883,$10,900,000,
$30; in 1884, $12,500,u00, $30; in 1885, $13,000,000, $21 25; in 1880,
$13,400,000, $21 25: in 1887,$13,700,000, $21 25. Populationin 1870,
1881-82
Personalty.
$66,598,521
50,267,099
62,272,531
59,013,672
56,192,922
54,741,864
60,127,957
Realty.
$155,831,879
28,235, against 30,709 in 1880.
Somerville. Maas.—Total debt, Jan. 1, 1887, $1,525,000; sinking
fund, $581,052.
Property valuation in 1882, $23,162,200; In 1883,
$23,812,900; in 1884, $24,331,100; in 1885, $25,907,700; iu 1886,
$26,003,200. Tax rate in 1885 and 1886, $15 40.
Except $140,000
$1,000 pieces and $399,000 4s, all bonds are in
pieces. Population 24,933 in 1880; 14,685 in 1870.
5s iu
$2,000 to $50,000
Springfield) Mass.—Total funded debt, Jan., 1887, $1,451,000;
$L49,731. The railroad debt falls due $20,000 each year.
Population in 1885, 38,000; 1870, 26,703. Tax valuation and rates
cash assets,
have been:
Years.
Personal
property.
Real Estate.
Tax rate
per
$1,000.
$8,935,850
12 50
1882
25,084,420
9,198,258
12 50
25,676,800
9,260,459
12 50
26,201,150
8,792,666
14 00
8,827,966
12 80
26,969,800
27,638,760
L-86
9,143,442
12 80
—Valuation of real estate is about 67 per cent of true value.
Toledo.—Total debt, Jan., 1887, was $3,188,484. Of this the debt
payable by special assessments was $150,000 Iu addition to bonds
$23,795,920
.
$29,000 6s, duo 1891 and ’92, ami $3,000 5s,
due iu 1907. Taxable
persoual, $8,157,060;
Minii.—Population in 1870 was 22,300;
total valuation. $29,930,300; tax rate, $28 per$1,000. Valuation, 1886,
In 1887 the local estimate of population is 148,047.
real estate, $22,179,770; persoual, $8,118,620; total valuation, $30,tions of taxable property and tax rate have been:
Total
Rate of Tax
Personal
298,390; tax rate, $28. Population, 50.137 in 1880; 31.584 in 1870.
Debt.
per $1,000.
Property.
Years.
Real Estate.
Worcester, Mass.—Total funded debt, Jan. 1, 1887, $3,506,700.
$2,328,040
$31,000,000 $12,000,000 $24 50
16 00
3,027,140 Cash assets Dec. 1, 1886, $1,296,883, including $860,846 iu sinking fund.
47,000,000 14,263,505
19 50
3,815.640 Population, 68,383 m 1885, 58,291 iu 1880,41,105 in 1870. Tax valu¬
50,512,212 14,291,946
In 1883,
17 50
4,521,057 ation in 1882, $45,504,512; tax rate, $17 40 per $1,000
68,539,570 15,584,481
1836
1831,
$48,570,335;
tax
rate,
$17
20.
In
$50,773,475;
tax
rate,
$16 60.
Valuation of real estate is about one-half of true value.
In 1885, $52,714,910; tax rate, $18. In 1886, $51,566,389; tax rate, $1&
-(V. 44, p.
St. l*aul,
-(V. 44, p. 473.)
in 1880, 41,493
Assessed valua-
as
given above, there are
due iu 1888, 1895 and 1905, and $50,000 4s.,
valuation of real estate, 1885, $21,733,240;
Subscribers will confer a great favor by giving
explanation of column headings, Ac., see notes
on first page of tables.
Immediate notice of any error discovered in tbese Tables.
Miles Date
of
of
Road. Bonds
Size, or
Amount
Par
Value.
233
"1882
£100
£100
$7,129,000
2,23*2,000
c
Debentures, gold
Albany <6 Susq.—Stock, 7 p. o. lental D. A H. Canal.
1st mortgage
c
Albany City loan (sinking fund, 1 per ct. yearly)c
Consol, m., (guar. D. &H. endorsed on bonds)..c^
Allegheny Valley—Stock
General mortgage (Riv. Div.)
Bonds to State Pa. (endorsed) 2d mort.. East ext
1st mort., East’n Exten., guar, by Pa. RR
Funding income bonds, with traffic guarantee...,
Amador Branch— 1st mortgage
290
1884
1878
1886
$1,000
1,714,000
£100
134,000
3,500,000
998,000
1865
1876
$100
1,000
1,000
1,000
1866
1,000
4,000,000
1870
1871
1874
1877
1885
1879
1879
100,000
2,200,000
10,000,000
9,723, i 00
675,000
Atchison Ool. & Pacific— 1st mort., guar
Atchison Jewell Oo. <£ West.—1st M., guar.
Atchison Topeka <& Santa Fe—Stock
1st mortgage, gold, ($15,000 p. m.)
C.B.U. P
209
142
142
142
259
132
110
110
259
27
71
254
34
i 863
2,526
1869
470
1870
Band grant
mortgage, gold. ($7,500 p. m.)
bonds, gold, ($7,500 p. m.)
1873
1880
1880
1830
1881
1887
1887
1872
1875
1875
1875
1878
Consol,
'Collat. trusi bonds (drawn at 101)
S. F. bonds, plain (redeemable at 101)
Collat. trust sink. fund;bonds (drawn at 100)..c&r
•Collar, trust sink, fund bds. (drawn at 105)
Collateral trust bonds., gold (V. 44, p. 245).. ..c&r
Mort. bonds on Chic, property ($ 10,000,000)
Wichita A Southwest., 1st M.,gold 1
Kans. City Top. A W. 1st M., gold I
do
do
income bds. )
Pueblo A Ark. Valley, 1st M.,gold I
Pueb. & A. V., 1st (A 2d onl48 m. J
,1
Guar.rental
27
66
282
282
1,000
1,000
1,000
1,000
500.000
542,000
75,000,000'
7,041,000
2,411,500
3,481,000
4,610,000
15,000,000
9,000,000
1,000
100 Ac.
1,000
(?)
412,000
1,000
854,000
....
1,000
1,633.000
1,000
1,942,000
of the Alabama Great Southern
was appointed
in Lmdoti
receiver of the English com; any in liquidation.
The preferred or
“A" shares are £ 1,500,000, having a preference for 6 per cent cumu¬
lative, and the deferred or “B” shares £2,500,0o0; par value of all
shares £10 each. The first debentures are redeemable any time at 115,
six months’ notice. The company holds the following securities, viz.;
Oim N. O. A Texas Pacifio $532,000 stock; Vicksburg A Meridian,
•on
5245,000 1st mortgage, $105,000 2d mortgage, $416,500 3d mortgage,
1,464,300 preferred stock and $363,000 common stock; of Vicksb.
hrevep. & Pac. $3,692,000 1st mort., $1,931,000 incomes and $1,594,000 stock; of N. O. A North Eastern $4,900,000 1st mort. and $4,320,4)00 stock; N. O. Spanish Fort&L. RR. $300,000 1st mort. and $200,«>00
<aom. stock. Report for 1886 iu Ciikonicle, V. 45,p. 52.
(V. 45, d. 52.
136.)
A. A O.
J.
T.
F.
J.
J.
M.
A.
A
A
A
A
A
A
A
„
„
m
Last paid April, 1887.
April 1, 1907
June 1,1907
D.
J. N.Y.,Farmers’ L. AT. Co
Jan. 1, 1909
A.
London.
J. N. Y., B’k of Commerce.
J. N.Y.,Del. A Hud.Can.Co
do
do
N.
do
do
'
0.
closure Jan. 22,1877. Present company organized Nov. 30,
:oontrolled by an English company of the same title. The
1877, and is
lands were
■oonveyed
in full settlement to the holders of the $2,000,000 of Alabama
■State oonds. These
lands (about 550,000 acres) are held by trustees.
(V. 30, p. 117.1 Toe debentures are made exchangeable for any mort¬
gage bonds that may bo created subsequent to the debentures.
Capital
stock—common, $7,830,000, and preferred 6 per cent, $3,380,350.
Gross earnings in 1885, $1,076,188; net. $1.28,140. Gross in 1886,
$1,215,195; net, $276,798. ‘(V. 42, p. 727).
Albany Sc Susquehanna.—Road owned from Albany, N. Y., to
Binghamton, N.Y., 142 miles; branches operatedDuanesburg Junction,
N. Y., to Schenectady, 14 miles; Cobleskill, N. Y., to Cherry Valley, 21
miles; operates Lackawanna & Susquehanna RR., 22 miles; Ease Glenville to Coons, 10 miles; total operated, 209-iuiles. Leased in perpetuity
from Feb., 1870, to Delaware A Hudson Canal Co.; rental, 7 per cent
on stock and interest on bonds.
Additions and betterments charged to
lessors, and cost made part of investment. The consol, mort. is for $10,000,000, of which $3,000,000 are 7 per cents, currency; the principal of
the 6s. is also payable in “lawful money,” but them teres tin gold. Gross
earnings in 1886-87, $3,075,234; net, $1,120,667; surplus to lessee after
all payments, $161,449. (V. 45, p. 180, 614, 855.)
Allegheny Valley.—Owns from Pittsburg, to Oil City, Pa., 132
miles; branches—Red Bank, Pa., to Driftwood, 110 miles; others, 17
miles; total operated, 259 miles.
The company became embarrassed
in 1874 and compromised with its creditors.
It still falls short
of earning interest liabilities. Of the income bonds the Pennsylvania
RR., Northern Central and Philadelphia A Erie hold $6,087,000, the
interest on which was paid altogether in bond scrip. The coupons of
guaranteed bonds held by the Pennsylvania Railroad for advances
amount to $5,232,710.
In 1886 the charges for mortgage interest and
car trust payments were $1,115,604, income bonds nil; deficit iu net
earnings, $432,384. In May, 1884, receivers were appointed at the
instance of the Penn, and other railroads as plaintiffs.
From January 1 to Nov. 30 iu 1887 (11 months) gross earnings were
$l,850,0t0. against $1,655,931 in 1886; net, $724,043, against$616,640.
In 1885 gross earnings were $1,780,133; net, $671,134.
In 1886,
gross, $1,812,729; net, $681,230; interest, $1,115,604; deficit, $432,384.
-(V. 44, p. 21, 612; V. 45, p. 792; 986.)
Jan.
1, 1888
July, 1888
1895-’97
April 1, 1903
.
Tf
Topeka A Santa Fe,-(5ee Ifaps.j-LiNE of Road—
complete detailed statement oT the lines of road operated on Dec.
31.1886, was given iu the Chronicle, V. 44, p. 586. Tne totals of the
diff, rent systems are as follows: Atchison, 1,895*50 miles; Southern
Kansas, 630*30 miles—total, both syrtems, 2,526 miles; Chicago Kan¬
sas A Western, 401*23 nules ; Sonera, 35019 miles ; roads owned jointly
with other companies (one half of 192*08 miles), 96*04 miles; total,
3,373*26 mil'-*s. The results on all those sysrems (except the Chicago
Kansas & Western, under construction in 1886) are included in the
Atohison Topeka & Santa Fe report. In alditiou to tin above, the
Atchison Company owns exclusively the Gulf Colorado A Santa Fo RR.,
817*30 miles, and is part own-T of the California Southern RR., 210*61
miles, and the Atlantic A Pacific RR., 917*75 miles. The operations of
these three roads are, however, kept entirely distinct from those of the
other systems and are not. given in the Atchison’s reports. The roads
may bo summarized as follows: Operated direotly (Atohison Topeka A
Santa Fe and Southern Kansas), 2,526miles; operated indirectly, 8 47
miles; owned and partly owned, but operated by separate comoanies.
Atchison
A
1,975*66 miles
grand total, 5.3IQ niilQs,
(In 1887 about 1,700
iuiies of new road were completed in the whole system, including G. C.
A 8. F. RR.)
The California Southern gives a through route to the
Diego, via the Atlantic A Pacific RR, The Gulf
was bought in April. 1886.
Organization, Leases, Ac.—The A. T. A S. Fe. Co. was incomorated
March 3, 1803, and Includes the Atohison A Topeka RR., incorporated
Feb. 11, 1859. The land grant was received by Act of Kansas Feb. 9,
1864.
The main line of 471 miles was opened Dec. 23, 18 72.
The
whole system outside of the main liue is nominally under different cor¬
porations, of which the ownership is vested in the A. T. AS. F., and the
roads also leased to that Co., aud interest on the bonds usually paid as
rental. The Southern Kansas and the Sonora systems are not leased,
but are controlled by ownership of the stock.
In Aug., 1884, an agreement was made for the control of the Mojave
Division of the Southern Pacific and a right for traffic over the Southern
Pacific to San Francisco. In 1886 tbe Atlantic A Pacific 1st mortgage
bondi iterest was reduced to 4 per cent and the bonds guaranteed onehalf each, severally but not jointly, by the Atchison and Sau Francisco
companies. See Atl. A Pac. and St. L. A San Fran, in this Supplement.
In April, 1836, the G. C. A s. F. was purchased by the Atchison Compauy by the exchange of G. C. A S. F. stock for Atchison stock, $8,000,000 in all.
See olficial circular, V, 42, p. 630.
The hscal year ends December 31.
Stock and Bonds—The stock has been increased rapidly to present
figures for the acquisition of the auxiliary lines and by way of stock
dividends.
Iu August, 18-17,
there was offered to stockholders
$LO,000,000 new stock at par, raising the whole stock to $75,000,000
as above when all issued.
Dividends have been—in 1879, 3 percent;
in 1880, S1^; iu 1881, 6 cash and 50 stock; from 1882 to 1886, in¬
clusive, 6 per cent, and in 1837 614 percent.
The range in prices of
stock in Boston was—in 1881, 92 ® 154 4; in 1882. 78783>9618 5 in 1883,
78'®86*4; in 1894.59^^30; in 1835. 03i4»89^; in 1886, 797e3>100;
in 1887, 90is 41197a; in 1389 to Jau. 20, inclusive, 933s®97.
Such bunds as arc held in the company’s treasury, or leased line bonds
held as collateral for any of its own bonds given above, are not inoluded
in the above amounts outstanding.
The land grant bonds receive the
proceeds of land sales in payment of interest and principal.
The sinking l’uud 5 per cent bonds duo Sept. 1, 1920, are plain bonds
(not mortgage) and partly secured by deposit of $630,000 plain bonds
of Kansas (fity Topeka A Western IiR. Sinking Fund is 1 per cent per
Pacific coast at San
Col. A Santa Fe road
with which bonds are drawn at 101.
The4Lj per cents due October, 1920, have $4,650,000 of the 6 per
cent mortgage bonds of the Rio Gr. Mex. A Pao. and $500,000 of the
RioGr. A El Paso roads as security, the sink. fd. being l1* p. ct. per an¬
num, rising to 38s by 1910. with which bonds are bought or drawn at par;
registered bonds for $5,000 issued for coupon bonds, and are not re¬
annum,
deemable till after coupons.
The 6 per cent bonds due Dee. 1,1911, have as security 1st or 2d mort.
bonds of a number of the proprietary or controlled railroads, at uot
over $25,000 per mile, deposited in trust as collateral; they are re¬
deemed at 105 by the sinking fund, whioh is l per cent per annum till
1891 aud 2 per cent thereafter.
The 5 percent bonds, due April 1,1909, are secured by theN. Mex.
A So. Pac. 1st mort. 7s.
The collateral trust bonds of 1887 are direct bonds of the Atcmaon,
company, against which are depo-ited in trust the bonds of branch liues
constructed in California and Colorado, not exceeding $25,000 per
nnle. Boat. Safe Dep. A Trust Co. is trustee. See circular in V. 44, p. 245.
Tue bonds of $10,000,000 on Chicago property are secured on ter¬
.
Amador Branch.—Galt, Cal., to lone. Cal., 27 miles.
Leased till
Nov. 1, 1890, to Cent. Pacific; rental $3,500 per month. Stock. $675,-
Earnings in 1885, $31,243
gross
and $12,705 net.
In 1886 gross
earnings $39,448; net, $13,124. Leland Stanford, Pres’t, San Francisco.
Asheville Sc
Spartanburg—(See Map Richmond <£ Danville).—
Spartanburg, s. C., to Asheville, N. C., 71 miles.
Formerly
Spartanburg A Asheville; sold in foreclosure April. 1881, and reor¬
ganized. Stock $1,050,000. Controlled by Richmond & Danville. Gross
earnings in 1884-5, $28,572; deficit, $4,611. Gross earnings in 1885-6,
$29,583; deficit, $5,527.
From
Atchison Colorado Sc Pacific.—Waterville, Kan., to Washington
Kan., 20 miles; Greenleaf, Kan., to Logan. Kan.. 155 miles; Logan to
Lenora, Kan.. 25 miles; Downs, Kan., to Ball City. Kan.. 24 miles; Yuma,
Kan., to Warwick. 31 miles; total. 254 miles.
The road forms au extenj
Aug. 15,190G
.
Alabama Great Southern.—(See Map Cinn. K. 0. <& T. P.)— From
Wauhatchie, Tenn., to Meridian, Miss., 290 miles; leased, Wauhatcliie
to Chattanooga, 5 miles
total operated. 295 miles. The Alabama &
Chattanooga RR. made default Jan. 1,1871, and road was sold under fore¬
000.
Stocks—Last
Dividend.
-
200.000
....
m
Where Payable, and bj
Whom.
.
108,500
976,000
1,000
1,000
1,000
^
When
Payable
Bonds—Princi
pal, When Due.
March 1, 1896
7*30 J. A J.
New York A Phila
5
Jan’ary Harrisburg, Treasury. 100,000 y’rly.
A. A 0. Philadelphia or London April 1, 1910
7
Oct. 1, 1894
A. A 0.
7
Jan. 1. 1907
6
J. A J.
N. Y.,So. Pacific Co.
0 g- A. A 0. S’. Y. Company’s Office. April 1, 1925
6
May 1,1905
Q.—F. N.Y., Un. Pac.RR.Olfice
6
May l, 1905
Q.—F. N.Y.,Un.Pac. RR office.
Feb. 15, 1888
Boston. N. Y. A Chic.
1\
Q.-F.
7 g. J. A J. Boston, North Nat. Bk.
July 1,1899
do
Oct. 1, 190C
7 g- A. A 0.
do
do
do
7 g- A. A O.
April 1,1903
5
A. A O, Boston, BostonNat.B'k. April 1,1909
do
do
5
M. A S.
Sept. 1, 1920
Oct. 1. 1920
A. A O. Bost. Safe Dep. A Tr. Co.
4i*
Deo.
Boston
A
New
York.
6
J. A D.
1, 1911
B iston, Co.’s Office.
Feb. I, 1937
5 g. F. A A.
F. A A.
7 g- J. A J. Boston, North Nat. Bk. July 1, 1902
7 g. J. A J. Boston, Everett N. Bk.
July 1, 1905
do
"
do
Mar. 1, l)>i
7 g. M. A S.
7 g. J. A J. Bost., N. Bk. of N. Am’a July 1, t )) i
do
do
7 g. J. A J.
July 1, 1905
4,070,000
100
500 Ac.
500 Ac.
500 Ac.
Railway Co. (lessee of the Cincinnati Southern Railway). The manage¬
7
6
m
100 Ac.
ment or the company is the same as that
RR.
In
Nov., 1887, Francis Pavy
'
8,488,000 6 g. A 7
*'
2,166,500
1,000
Alabama N, O. Texas Sc Pacific Junction (Limited).—(See
Map Oinn. N.O. <£ T.P.)—This is an English Co. controlling the Vicksburg
A Meridian, 142 miles;'Vicksburg Shreveport & Pacific, 189 miles; N. O.
A North Eastern, 195 miles; and Spanish Fort R’y, near New Orleans, 13
miles. It also controls the Cincinnati New Orleans A Texas Pacific
6
6
6 g.
6 g.
1,000,000
50
'
Rate per
Cent.
Outstanding
115.
Ala. N, O. Texas <t Pac. June.—1st deb., red. at
2d debentures.
Ala. 6t. Soulh’n.—let mortgage
i
[Vol. XLVT,
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
SUPPLEMENT
INVESTORS’
14
fllon of the Union Pacific Central Branch, by which the bonds
teed aud the road is controlled, and the whole system
are guaran¬
is virtually owned
by Union Pacific, but operated by Mo. Pac. Stock. $1,522,400, of which
U- P. aud C. P. own $920,300. Rental is $254,370 per aunuin.
Atchison
Jewell Co. Sc West.—Jamestown, Kan., to Burr Oak,
Kau., 34 miles. Under same auspices and control as 'Atohison Colorado
A Pacific. Stock,$202,800, of which Union Paoiflo owns $105,000. Ren¬
tal is $34,0l)0 per annum.
|
.
minals, Ac., in that city.
Interest on the Sonora RR.in Mex. (262 miles) 1st M. bonds is guaran¬
teed ; these bonds are at $20,000 per mile, of which $5,000 per mile are
owned by the A. T. A S. F. Co.
Tire Cal forni i Southern 1st raortg bonds are guarantee 1 (by endorse¬
ment on the bonds) as per *he agreement; of roorganizaiion for that
company made iu X885. The first coupon oil the income bonds was
paid September. 1837. Sinking fund of $25,900 per year retires the
first mortgage bonds at 11*2.
The Wichita A Western, Wichita to CollIson, Kan., 100 miles, is owni d
Jointly with the St Louis A San Fran., hut bonds are non guaranteed.
The Leav. Top. A So RR. bonds at 4 per cent are guaranteed one-half
by the A. T. AS. Fe, and one half by the Union Pacifio.
January,
Subscribers
explanation of column
on
Atch. Top. &
first page
Date Size, or
Miles
of
of
par
Road. Bonds Value.
headings, Ac., see note^
of tables.
S.Fe—(Continued.)—
Western—1st mortgage coup.
372
262
210
112).
1st, gold, guar, by A.T. A 8. F.
guar.by A.T.&S F. (drawn at
bonds
Chic. Kan. & West.,
do
inc. bds. non-cum.($7,000 p. m.) c*
Chic. Santa Fe & Cal., 1st mort., gold, guar c'&r
9
....
13 5
139
18
42
350
County RR.—1 st mortgage
Burlington RR.—lstmortg
S. Kan.(Gulf Divis.)—1st. g’ld,guar.by A. T.&S.F.
Income bonds (not cumulative) $1,000 per mile)
Southern Kansas in Texas, 1st mort., gold, guar..
Ottawa &
AUuntadt
New
....
....
269
2051?
265*9
Charlotte—Stock(5p.c.rent’l Rich.A Dau.)
pref. mort
Mortgage bonds
Income
bonds, registered (not
Debenture
r
Point—StocK
Atlanta cC West
.
450
450
Southern Kansas—K.C. Law. A So., 1st mortgage
So. Kansas A West.—1st mort., (drawn at 110).
Sumner
1879
1879
1877
1884
1882
1877
1880
1886
1886
1886
1886
1-87
1879
1880
1880
1881
1886
1886
1886
45
46
Leav.Top.A8. W.—1st in., hsguar.by At. a ^ byUn.P.
N. Mexico A So. Pac.—1st M.. gold, guar, rental..
Sonora, 1st mort., gold, interest guaranteed
Income
1879
64
92
93
26
]
f
I G’rantee )
Marion A McPherson, 1st mort
( rental. )
(.
Florence El Dor. A W., 1st M., gold.. J
Cal. So., gold,
15
BONDS.
discovered In these Tables.
Bonds—PrincJ
INTEREST
Kan. City Emporia A S..lst mort
Cow. Sum. A Ft. Smith, 1st mort
Wichna &
AND
by giving immediate notice of any error
will comer a great favor
DESCRIPTION.
For
STOCKS
RAILROAD
1888.]
....
cumulative)
.
.
.
.
80
certificates
Atlantic & i>a.nrUle—1st mortgage
c*Ar
Atlantic <£• Northwest. —1st M.. g., guar
Atlantic <£ Pac. -A. A P. guar, trust bonds, gold
Incomebds., nou-cum’tive, W. 1). ($18,750p. in.).,
1st RR. A land gr. bonds on Cent. A Mo. Divisions
1st land grant bonds on Central Div. cumulative
Income bonds. Cent. Div.. non-cunt. ($18,750 p. m.)
$532,000
1,000
1,000
713,000
1,000
1,000
1,000
1.000
1,000
1,000
55
325
927
640
1880
1871
1871
1882
.
112
112
798,000
775,000
761,000
1,380.000
4,425,000
Rate per
Cent.
•>-
7 g.
7
7 g.
9 7 g.
6
4 g.
4.050,000
7 g.
1
£•
2,106,000
6
r*r
3,5"5,000
1’,758,000
6,37’,000
13.500,000
2,940,000
6
1,000
1,032,000
7
1,000
1.000
203.000
100 Ac.
100 Ac.
1,000Ac
500 Ac.
100 Ac.
100 Ac.
100 Ac.
100
1,000
1,000
500
100
....
1881
1883
1887
1887
Outstanding
$1,000
1,000
1877
1877
1880
'
Amount
....
-
-
500,000
6
5 g
6
3,483.000
5 g.
1,700,000
500,000
4,250.000
750,000
1,232,200
1,232,200
6,6: 0,000
17.610.000
50 Ac.
12,000.000
1,189.905
1,000
i
1,480,000
£100 Ac
1.000
500 Ac.
500 Ac.
5 g.
6
4,338,000
412.500
-
5 g.
6
796,629
2,100.0(10
28}
7
7
6
3
6
6
5 g.
4 g.
6
6
6
6
When
pal,When Due,.
Where
Payable, and bj
Whom.
Pay’blt
J.
A J. Boston, North Nat. Bk.
do
do
do
A. A 0.
do
A. A O.
A. A O. Boston. Nat.
J.
J.
A.
J.
J.
M.
A
A
A
A
A
A
A
J
J.
0
J.
J.
S
B.N.Amer.
do
do
Boston, Am.L’nA Tr.Co.
Stocks—Last
Dividend.
July 1, 190&>
Oct. 1, 1909
Oct. 1, 1909
Aug. 1, 1907
Jan. 1, 1914:
July 1, 1912:
April 1, 1909
Jan. 1, 1910
Jan
1, 1926
March 1, 1926
June 1, 1926
J.
I).
Boston, Oilice of Co.
Junel, 1926
do
do
May 1
Jan. 1, 1937
A J N. Y., Hanover Nat. Bk
J
A. A 0. Boston. Nat. Union Bk. Apr. 1, 1909
J. A J.
M. A S
A. A 0.
M. A S.
M, y 1
M. A S.
M. A S.
A. A O.
J.
A J.
A. A O.
Boston, Everett Nat.Bk.
Boston, Nat.Revere Bk.
Boston and New York.
Jan. 1. 1910
do
do
Sept. 1, 1910
do
April 1. 1909
Sept. 1, 1926
do
1927
do
Sept. 1, 1927
do
Sept. 7, 1887
N.Y. Central Trust Co.
do
do
April 1,1897
Jan. 1, 1907
do
do
do
do
April 1, 1900
Atlanta, Ga., at Treas’y. Jan. 10. 1886
.1 ill v, 1891
do
do
N. Y., Piirk Nat. Park. Oct. 1, 1913
Lond.,Bat ing Bros.ACo. Jan. 1, 1937
do
do
do
do
do
do
A J.
A J.
A. A O.
J. A .).
J. A .7. N. Y., Mercan’ Trust
Boston.
A. A O.
New Yot k.
M. A N.
do
At Mat
Boston.
J. A I)
J.
J.
Co.
1937
1910
1891
Nov., 1901
Junel, 1922
Jan. 1,
Oct. I,
Nov. 1,
—(V. 41. p. 21, 59, 60, MS. 245, 332, 400, 466, 551. 564, 583.585,
A Western stock ($10,000 per mile) is held by the 58H, 627; V. 45, p. 02, 142, lt>0, 271, 310, 100, 472, 564, 612, 819; V.
first mortgage bonds, at $14,000 peer mile, are 46, p. 102.)
guaranteed by the latter company, and these, with the income bonds at
Atlanta Ac Charlotte Air Line.—Owns from Charlotte, N. C., to
$7,000 ver mile, wore issued as per the circulars in V. 43, p. 59 , V. 44,
Atlanta, Ga., 269 miles. The Richmond & Atlanta Air-Li no was sold
p, 245. The roads covered by these bonds are about 900 miles of branch
under foreclosure Dec. 5, 1876, and the existing corporation was formed
lines in Kansas constructed in 1886 and 1887.
Feb. 27, 1877. On March 26, 1881, tne road was leased to the Rich. A
The Chicago Santa Fe A California Radroad is the company in Illinois
and Iowa foro ing the connecting line from Kansas City to Chicago, Danv. for 99 years at a rental of $162,000 per year, equal to the interest
about 450 miles-Kars.is City to Fort Madison, la., on Miss. River, bn debt and 5 per cent on stock; if gross earnings of A. AC. A. L.
about 200 miles, then to Pekin. Ill., about 160 miLa, and then over Chi¬ exceed $1,590,000, dividends to be 6 per cent; and if they exooed
cago A St. Loui* (purchased) 90 miles. Its bonds, ($35,( Ou per mile) are $2,500,000, 7 per cent.
Atlanta & Wept Point.—Owns from East Point, Ga., to West
guaranteed by the Atchison, and area first lien on all but 9o miles, on
which there is a p> ior mortg. of $1,500,000, for which bonds o" this i.-sue Point, Ga., 80 miles; loused, 6Lj miles; total operated, 36*2 miles.
In
are held toreti’C them at maturity
Trmtee of mo.tgage is Boston Safe April, 1881, a controlling interest in the stock was purchased for the
Central Georgia, and a stock dividend of 100 per cent was afterward
Deposit A 'J rust » o. oi Boston. 8-e V. 44, p. 148.
The Southern Kansas Gulf Division and the Southern Kansas in declared in debenture certificates. Gross earn’s in 1836-87, $391.640: net,
Texas first mortgage bends were issued as per circulars in V. 42, $160,586; surplus over dividends and interest, $12,721; in 1885-86,
gross, $397,259; not, $138,001.
(V. 15, p. 142.)
.The bonds are guaranteed,
p. 462, V. 43. p. 431.
interest, by tin*. Arebison Topeka A Santa Fe. The Gulf Division bonds
Atlantic Ac Waitville.—In progress from Noifolk to Danville, Va.*
cover the road from Arkansas City south through Indian Teriitory
there to connect with the R’chmond A DauviPe.
In operation— Clare
towards Denison, and a’so the branch from Kiowa, on the Kansas mont to BelltieM, Va., 55 mi'es. Tho towns through which road runs
border southerly to Wolf Creek and the Texas border (in the Panhandle). subst ribed to
capital stock of the company. Stock is $1,40 ),0J0.
The Southern Kansas R dlioad in Texas was organize 1 to build that p;<rl
Atlantic Ac Northwest.—Line in progress across the 8tato of
of the lire in Texas, and on both lines the bonds are at $16,000 per mile,
guarantee^ by Atchison. The income bonds ismed by the So. Kansas Maine as connection of the Canadian Pacific. B mds negotiated in
The Dominion Government grants a subsidy
Gulf Division are at the rate of $1,000 per mile and not issued till these London May, 1487.
for 20 years at $186,090, and Canadian Pacific guarantees the balanoe
two divisions are coiuph ted.
of the interest, £28,013 per year. Stock, $1,800,000 in $100 shares,
Land Grant.—The lands are prm tlcally sold out. Land sales in 1886,
—(V. 4i, p. 652.)
347,322 acres for $^48,8*9, being an average of $2 44 per acre; assets
Atlantic Ac Pacific.—'This corporation was chartered by Act of Con¬
Dec. 31,1886, $1,343,817 contracts and interest on contracts, and 1,391
gress July 27,1866. The Western division is from Isleta. near Albuquer¬
aores yet unsold.
que, on At Top. A Santa Fe, to Big Colorado River, 560 miles, with
Operations, Finances, Ac.—The connection with the Atlantic A Gallup Junction branch, 4 m'les. At Big Colorado River it meets the
Pacitic took effect for business in October, 1883, and the through line to Moiave. Cal. (242 miles), leased by this Co. in 1881 from the
line to San Francisco by use of the Southern Pacific lines Oct. 1. 1884. Southern Pacific of Cal. The Cal. Southern gives a through route to
In Nov., 1885, tho Cal. Southern was completed, giving a through route San Diego on tho Pacific coast. It leases also A. A P. Junotion to
to the Pacific coast by the Atlantic A Pacitic road.
AlbuqueiqueN M., 13 miles; total opera*ed, 819 m. Also tho Central
From Jan. 1 to Nov. 30 in 1887 (11 mos.), gross earnings were $10,965,Division is finished from Seneca, Mo., to Sapulpa in tho Indian Ter¬
412 on 2.592 miles, against $14,459,378 on 2,419 miles in 1886; net, ritory. 112 miles, and operated by the St. Louis & San Francisco Rail¬
$7,923,236. against $7,110,199.
way Co.
The report for 1886 was in the Chronicle, V. 44, pp. 583 and 586.
By the “ tripartite” agreement of Jan. 31, 1880, the Atch. Topeka A
Earnings and operations and income account were as follows, these S. F. and the St. Louis A S. F. guaranteed 25 per cent of the gross earn¬
statistics embracing the Atchison Topeka A Santa Fe .and Southern ings over their lines to pay coupons, and largo advances were made to
Kansas systems combined, but nothing of tho Sonora, Atlantic & Pacific, the A. A P. by both those companies. In Oct, 1886, the plan was made
or roads owned jointly, although the interest
on Sonora bonds is to exeh iiiga the A. A P. first inort. bonds for the new 50-year 4 per oont
deducted here:
bonds due in 1937, guaranteed severally (but not jointly) by the two
The Chicago Kansas
A. T. A S. Ft1, and the
principal and
OPERATIONS
Miles
operated
AND FISCAL
RESULTS.
1884.
1885.
1886.
2,374
2,397
2.526
Operations—
Passengers carried one mile.... 135,412,096
2*648 c.ts.
Rate per passenger per mile....
Freight (tons) carried one mile.634,711.316
1*882 cts.
Rate per ton per mile
$
Earnings—
3,583,018
11,946,453
Passenger
Freight.
Mai
Ac
express,
Total gross
earnings
Operating exjyenses—
Maintenance of way. Ao
Maintenance of equipment
Transportation expenses
Miscellaneous
Taxes
Total operating expenses
Net earnings
P. ct. of op. expenses to earn..
Receipts—
Rentals, dividends, Ac
Other receipts
From land grant trusts
Total disbursements
Balance, surplus
2*277 cts.
607,753.550
637,399,093
1*789 cts.
1*615 cts.
$
3,889,411
$
4,026,005
10,873,621
11,100.967
857.33
808,363
16.291,883
15,571,395
15,981,307
2,861,236
1,461,896
2,280,291
1,409,732
3,777,357
2.186,767
1,395,719
4.128,34 )
410,129
3,560.610
»
670,856
421,378
388,693
459.194
492.956
8.9.5,976
7.315,907
8,314,967
7,256,128
STiTiS.o 11
55*09
INCOME ACCOUNT.
1884.
269,716
241,677
$6,830,707
$343,983
7,370.396
53*39
53*40
1885.
$7,256,428
28,488
112,014
188.281
.......
Paid 6<» other roads
Miscellaneous
176.810,489
2*593 cts.
762,412
$7,674,690
Total income
;
Disbursements—
$37,098
Rentals paid
1—
1,812,544
lut. on Ar.T.A 8. F.andSo. K. bdsi
866,655
Interest paid as rental
188,281
Interest on land bonds
Interest on Sonera bonds..-.. ...
Int. on Leav. To A So. W. bonds.
3,414.736
Dividends
(«
Rate of dividend
Sinking funds
149,999.427
(See
andAt.
188G.
$7,370,996
26,0! 2
3
149,743
62
3.785
189,188
<,859
1,0,63 <
$7,6:4,371
$8,198,o73
$25,500
1,980,664
$20,40 i
2,004.679
829,499
170,633
233,500
854,930
180.188
283,500
273 O0
3,414,786
(6)
299,525
46,(93
25,000
$7,i 10,186
$504,185
3,738 478
(6)
311,340
73,227
........
$7,159,356
$739,317
companies, each comi> my guaranteeing one-lialf of each bond.
V. 43, p. 571, 559, 607.)
Stock authorized is $100,000,000,
issued $64,810,300 (par $100), of which $51,302,600 is owned oy tho
T. A S. F. and the St. Louis A 8. F. companies equally, and deposited
thirty years. The stock is classed thus: Western
stock, $44,750,000; Cent, and Mo. divs., com stock,
in trust tor
Div., com.
$8,665,300; pref.,
$11(395,000. The old pref. stock has no preference over the A. A P.
Western Division stock.
An estimate of the income bond status and1
prospects was in V. 45, p 3t0.
The Southern Pacific sold the 242 miles of road from Mojave to The
Needles, on the Colorado River, to the A. A P. Company for $7,271,100, payable in A. A P. 1st mortgage bonds, issued on saidf 242 miles,,
to amount of $1,059,2)0 and $1,211,850 in cash.
Until clear title
to tlds piece of ro ul is given, tho A. A P. takes possession and pays
6 per cent per annum bn the $7,271,090. The same negotiation gave
aright by contract to run through trains to San Francisco over the
Southern and Central Pacific lines on payment of rental either on a
mileage basis or at 3 per cent per annum on $40,000 per mile. See V. 39,
p. 208; V. 40, ]>. 50.
The. land grant claimed under the old A. A P. charter of July, ’G6, is
25,600 acres per mile in Territories and 12,800 acres in States.
On
the West. Div. upards of 14,000,000 acr sin New Mexico and Arizona
have been earned by construction, and in the Indian Territory 2,600,000
Tho
more, the best of these lands being well adapted for grazing.
proceeds of sales of the company’s lands have, so far been applied to pay
ment of iuterest on A. A P. bonds or the lands have been p edgod and
conveyed in trust to the Atchison and San Francisco companies, and.
nearly 6,0i>0.000 acres have been so disposed of. For statement as to
A
land sales. Ac., up to Jan. 1,1887. see Chronicle, V. 44. p. 751.
map ot the bind grant was published in the Cmt *niolk, V. 36. p. 468.
Gross earnings in 1836 were $1,624,649; deficit under operating ex¬
penses, $41,3^4; received from A. T. A S. F. RR. Co. and St. L. A 8. F.
R’y Co., to be repaid, $295,000.
No annual report since 1881 has been published.
(V. 43. p. 48, 216,
458, 503, 571, 607; V. 44. p. 21, 22. 118, 511, 751; V. 45, p. 340,
363, 612.)
Atlantic & St. Lawrence.—Owns from Portland, Me., to Island
Pond, Vt. (and branch), 151 miles, there connecting with Grand Trunk
of Canada, to which leased for 999 years, August 5. 1853, at a rental
equal to bond interest and 6 percent on stock. The bonds for $541,
000 to city o» Portland are provided for by accumulations oi sinking
fund. The Grand Trunk RR. owns the 2d and 3d mortgage bonds,
$2,213,000. The stock of $5,484,000 is mostly £, with dividends pay
able in London. Gross earnings in 188 >86, $1,002 881; net, $256,814.
acres
INVESTOR’
SUPLEMNT.
SUPPLEMENT.
INVESTORS’
18
Subscribers will confer a great
favor by giving Immediate notice of any error discovered in tbese Tables.
of column headings, Ac., see notes
on first page of tables.
For explanation
Miles
Date Size, or
of
Par
of
Road. Bonds Value.
Loan, 1853, extended in 1885
1870 .sterling, *800,000, sink, fund
do
Baltimore loan, 1855-90, sink, fund
...
Bterling mortgage, sinking fund
Sterling mortgage, sinking fund
Purchase of Connellsv. RR (payable $40,000 y’ly)
372,000
100
100
14,792,566
5,000,000
578,000
1,710,000
1,669,588
2,575,000
6,872,012
8,072,096
520,000
6
4
3
4
4
Loan,ster.,(s.f.*7,500) (B.O. ACh.bds coilat’l)
Bonds (Parkersburg Branch bonds collateral)....
i853
1870
1855
1872
411
421
263
104
c.
Branch
(Pittsb. A Connellsville b’ds collat’l).
Schuylkill R. East Side RR., gold (guar.)
Consolidated mortgage (for $29,600,009), gold.c*
Baltimore <£ Potomac—1st M (tunnel) gold, s. f. 1 p. c.
1st mort., road, gold, coupon, s. f. 1 per cent
2d mortgage, income, road and tunnel, reg
150
Mort. on
Beech Creek-1st mortgage, gold
C&r
lon>n
Belleville & El Dorado—Is, t (int. guar. St.L.A.AT.H.)
2d mortgage
Belleville <£ South. III.—1st M. (int. A s. f. guar.)
Bells Oap. —Stock
1st mortgage
c*
I
Extension 1st mortgage
c*
Consol, mort. (for $550,000)
c*
Belvidere Del— 1st mort. due 1877, extended, guar.
'l^
90
92
129
52
52
56
25
64
iioo
1874
1875
*200
1877
1879
1878
1887
1883
1885
1886
1887
1871
1871
1875
1886
1887
1880
1880
1866
*200
1873
1875
1883
1877
1,000
i*,ooo
*200
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
50
500
1,000
500 Ac.
1,000
Augusta Sc Savannah.-Owns from Milieu to Augusta, Ga., 53
Leased in perpetuity to Central of Georgia fork$73,000 per
Has
no
bonded debt.
,
Vail Station, Pa., to Lockhaven;
Pa., 51 miles; branch, Milesburg, Pa., to Bellefonte, Pa., 2Lj miles
Snowslioe to Sugar Camp, 20Lj miles; total operated. 80 miles. Opened
December 7, 1804, and leased to Pennsylvania Railroad Company for 99
years.
The branch is the property of the lessors. * Rental, 40 per cent
of gross earnings. Sinking fund draws $4,000 bonds at par April 1 each
Bald Eagle Valley.—Owns from
year.
Gross earnings in 1885, $103,150; net, $231,719.
Gross in 1880,
$103,529; net, $208,427. Stock is $935,000 (par $50), and dividends are
paid according to earnings. In 1886 and 1887 paid 10 per cent.
Baltimore Sc Ohio—(See Map).—Line of Road—The B.A O. system
embraces roads in Md., Va., Penn., Ohio, Inu. and Ill., which are clearly
shown on the accompanying map. Bv means of the Cincinnati Washing¬
ton & Balt, via Parkersburg, the road has a direct route to Cincinnati.
The B. A O. mileage is: Main stem, Baltimore to Wheeling, 379 miles;
Washington Branch, Relay to Washington. 31 miles; Parkersburg branch,
Grafton to Parkersburg, 104 miles; Harpers Ferry to Harrisonburg, 102
miles; other branches, 141 miles; total, 757 miles; Central Ohio division,
Bellaire to Columbus, 137 miles; Lake Erie division, Newark to Sandusky,
110 miles; Chicago division, Chicago Junction to Chicago, 271 miles;
Pittsburg division, Cumberland to Pittsburg, 150 miles, and branches,
94 miles, total, 244 miles; Wheeling & Pittsburg division, Glen wood to
Wheeling, 60 miles; Straitsville division, Newark to Shawnee, 43 miles;
Philadelphia Division, Canton to P. & R. juuction and branches, 122
miles; total operated, 1,750 miles. The Baltimore & Ohio Philadelphia
branch, connecting with the Balt. & Philadelphia RR., makes a line
from Balt, to Phiia., and thence via the Schuylkill Valley & East Bide
a connection with the Phiia. A Road, lines to Bound Brook,
Thence the proposed route to Staten Island.
Organization, Leases, Ac.—The corporation was chartered in Mary¬
land Feb. 28, 1827, and in Virginia March 8,1827. First section opened
RR. to
N. J.
May 24, 1830. The company was assisted by loans from the City of
Baltimore. This company guarantees bonds of the Staten Island Rapid
Transit Co., with which company it has an agreement for terminals.
<See S. I. Rap. Tr.) The B. A O. Telegraph Co. stock owned by the B. A O.
Railroad Co. was sold out to Western Union for $5,000,050 Western
Union stock at par and a rental of $00,000 per year for fifty years.
The B. A O. Express was sold in Sept., 1887, to the U. S. Express Co.
The B. A O. Railway Co. had a nominal surplus to credit of income
account Sept. 30, 1887, of $48,083,720.
Stocks and Bonds—The pref. stock carries 6 per cent dividends only.
The common stock has paid-in 1877, 8 per cent; in 1878, 8 in stock; in
1879, 4 stock and 4 cash; 1880, 9; in 1881,1882, 1883, 1884 and 1885,
10; in 1880, 8; in 1887,4. Range in prices of common stock in Baltimore
In 1881 was 1835)210; in’82, 1903202; in ’83, 192^3205; in’84, 107
©199; in ’85, 100L>3185; in ’86,150 3191; in ’87, 1043180; in ’88, to
Jan. 20, inclusive, 105^3106^. t
A Ohio direct bonds of
The Baltimore
Branch are secured by deposit of mortgage on
1879
on
183-5476.
7,744,000
3,000,000
366,000
2,000,000
11,616,000
10,000,000
4,500,000
0)
1,500,000
3,000,000
2,000,000
5,000,000
300,000
220,000
miles.
annum
Rate per
Cent.
1,000
100
Preferred stock
Doan due in 1880, extended
Outstanding
3
$100
i880
Amount
$5,484,000
1,032,200
151
53
Augusta <& Savannah,—Stock, 7% rental Cent. Ga..
80
Bald Eagle 'Valley—Gen’lmort.,(s. f. $4,000 per yro
1,783
Baltimore of Ohio—Stock
Atlantic cf St. Lawrence.—Stock, 6% rental G’d TPk
Bonds, gold
Bonds—Princi¬
INTEREST OR DIVIDENDS.
DESCRIPTION.
Bonds to State of Maryland
Car trust loan ($2,500,000) gold
Sterling mortgage on Philadelphia
[Vol. XLYI,
Parkersburg
330,000
1,030.000
550,000
250,000
100,000
189,000
1,000,000
,
When
Payable
M.
J.
J.
M.
J.
J.
A.
M.
J.
M.
M.
J.
J.
A.
J.
J.
A.
3^
Is6 g.
lglg'
Where Payable,
Whom.
A
A
A
A
A
A
A
J.
N.
J.
J.
O.
S.
J.
8.
N.
J.
D.
O.
J.
grain,
kinds.
Live stock
Lumber
Stocks—Last
Dividend.
Sept., 1887
Deo., 1887
Savannah.
Phiia. ,F.I ns.Tr. AS. Dep.
Baltimore, Office,
do
do
do
do
do
do
Lond’n.BaringBros ACo
Baltimore, Office.
London, J.S.MorganACo
do
do
Jan.
1, 1910
May l, 1887
Jan., 1888
At will.
Oct. 1, 1936
Mar. 1, 1895
1890
Mch. 1,
Baltimore, Office.
1902
May, 1910
1888-1900
Lond., Baring Bros. ACo. June 1, 1927
Balt. A N.Y., D. M ACo.
A
April 1, 1919
A
Baltimore, Office.
July 1 1888
A J. Balt., Merc. Trust Co. 10 p. c. yearly
A O. London, Brown, S. A Co. April 1, 1933
F. A A.
New York Agenoy.
Feb. 1, 1925
J. A D.
Phiia., Solicitors’ Co.
Dec. 1, 1925
New York Agency.
F. A A.
Feb. 1, 1988
J. A J. London or Baltimore.
July 1, 1911
A A O.
Baltimore.
April 1.1911
do
J. A J.
Jan. 1, 1915
J. A J. N.Y., Kuickerb'r Tr. Co. July 1, 1936
$37,500 p.ann.
J. A* j. N. Y. St. L.A.AT. H. RR. July, 1, 1910
do
F. A A.
do
Aug. 1, 1920
do
A. A O.
do
Oct. 1, 1896
Dec.
Phiia.. 105 S. 4th street, Dec, 31, 1887
do
J. A J.
do
July 1, 1893
do
do
F. A A.
Aug. 1, 1905
A. A 0. Phil.GO’ar.F.AS.Dep.Co. April 1, 1913
1
6
4*2 g.
4*2 g.
5 g.
5 g.
5 g.
g6 g*
6
4 g5
•
7
6
8
5
7
6
6
6
J.
A D.
Philadelphia. Pa. RR.
1883 84.
Total
pal,^When Due.
London and Portland.
A S.
A D.
A
A
A
A
and by
1884-85.
1385-86.
1902
1886-87.
all
of
bush 11,553,052 13,048,258
82,187
107,398
tons,
tons,
67,890
86,560
13,718,428 12,977,035
70,220
92,831
43,220
76,103
Through merchandise-
2,275,252 2,339,147 2,731,119 3,537,207
all charges was $36,258.
The gross and net earnings of the main stem and its branches and of the
other divisions for the last fiscal year, as compared with 19.35-86, were:
East and West
tons.
In 1836-87 the net balance over
-—Earnings, 1885-86.-^ /—Earnings, 1886-87.—.
Gross.
Net.
Gross.
Net.
$9,840,013 $4,020,366 $11,201,348 $4,343,343
Main stem, etc
Washington Branch...
325,320
234,506
Parkersburg Branch...
003,044
1,270,470
1,013,014
101,347
478,521
309,711
Chicago Division
Pittsburg Division
Wheeling and Pitt. Div.
Philadelphia Division.
2,093,508
2,430,035
440,259
209,910
842,421
13,450
New’kSomerset A St’le
214,291
35,208
Central Ohio Division.
Lake Erie Division..
..
114,767
15,246
380,400
670,830
291,561
88,957
1,283,520
530,364
1,080,463
291,868
81,122
2,070,033
2,599,074
1,004,264
405,010 def 18,930
718,741 def. 70,220
183,010
2,575
$18,422,437 $6,380,694 $20,659,035 $6,538,904
years^liave been:
Years.
Gross Earnings.
Operating Expenses.
Net Earnings.
1832-83
$8,705,823
$19,739,837
$11,034,014=55 89 p. c.
11,676,307=6007 “
19,436,607
7,760,300
16,616,642
5,643,057
10,973,585 = 0603 “
12,035,743=65*33 “
6,386,695
18,422,437
20,659,035
6,538,904
14,120.161=68 34 “
-(V. 44, p. 89, 343,400,433; V. 45. p. 13, 52, 112, 178, 304, 368, 473
509, 641, 064, 692, 703, 805, 819, 824, 855; V. 46, p. 102.)
Totals
Results
on
all linesjin five
Baltimore Sc Potomac.—Owns from Baltimore. Md., to South
End Long Bridge, Va., 43 miles; and from Bowie to Pope’s Creek, 49
miles ; total, 92 miles—including tunnel in City of Baltimore. The road
is controlled by the Pennsylvania Railroad Co., and first mortgage bonds
guaranteed by Pennsylvania and Northern Central. : Capital stock,
$3,553,250. In 1886, gross earnings, $1,335,844; net earnings, $512,647; interest charge, $283,762; surplus $228,885. In 1885, gross earn¬
ings, $1,323,091; net, $554,540; interest charge, $297,181; surplus,
$257,359. Income bonds wholly held by Penn. RR. Co. From Jan. 1 to
Nov. 30, 1887 (11 months), gross earnings were $1,326,349, against
$1,235,019 in 1886; not, $501,843, against $183,319.
Creek.—Jersey Shore, Pa., to Gazzara, 104 miles; branohes
Pbillipsburg, to mines, Ac., 25 miles; total, 129 miles. This is suc¬
cessor to t he Beech Creek Clearfield A S. W.
This company was formed
ou reorganization in 1886 with the above mortgage bonds ah 1 $1,300,000
of preferred stock and $3,700,000 common shares $50 each. In Jan.
and July, 1887, and in Jan., 1888, paid dividends of 2Lj per cent on prof,
stock. Iu 1886 gross earnings were $379,116; net, $163,442.
Win. A.
Wallace, Clearfield, Pa., Pres. (V. 44, p. 362, 459; V. 45, p. 13, 203.)
Beecli
to
that road. The sterling
mortgage of 1883 is made to William F. Burns, John Gregg and T. Har¬
rison Garrett, trustees, and secured also by pledge of *L,000,000 1st
mort. bonds of the Balt. A Phiia. RR. (Mil. State line to Phiia.)
The
Belleville Sc Ei Dorado.—An extension of Belleville A So. Illinois,
bonds of 1877, due 1927, are secured by the mortgage bonds of the B.
O. A Chio. roads deposited as collateral. The B. A O. bonds of 1885 are from Du Quoin to El Dorado, 52 miles, and leased to St. L. Alton A Terre
Haute. Rental 30 per cent of gross earnings up to $2,500 per mile, and
secured by $10,000,000 2d consol, bonds of Pittsburg A Connellsville
RR., deposited with Union Trust Co. of N. Y. as trustee. The bonds of 15 per cent on all above that amount. Rental received for 1884,
the Schuylkill Val. A East Side RR. are guaranteed by B. A O.; the $15,171; lor 1885, $13,463; for 1886, $15,707. Stock, $1,000,000.
Pennsylvania Co. for Injuraoee on Liv-’S, Ac., is the trustee.
Belleville Sc Southern Illinois.—Owns from Belleville, Ill., to
Of the consolidated mort. for $29,000,000 (MercantileTrust A Deposit
Co., Trustee), covering the whole property of the Co., $21,423,000 bonds Dmpioin, III., 56 miles. It was leased Oct. 1, I860, to the St. Louis Alton A
Terre Haute Railroad Co.
Lease rental 40 per cent of gross earnings
are reserved to retire bon lsof si< prior mortgages, and $8,177,000 may
up to $7,000 per mile (except oir coal, Ac.), 30 per cent above $7,000 and
be substituted for bonds in the sin Icing funds.
V. 45, p. 308.
up to $11,000 per mile, and 20 per cent on any excess of $14,000 per mile.
Operations, Finances, Ac.—After having paid dividends regularly Rental forl334, $158,799 ; for 1885, $157,917 ; for 1886, $166,108. In¬
for many years the company passed the November, 1887, dividend on terest on
bonds, and sinking fund $5,000 per year, guaranteed by lessees.
cotnniou
stock. The syndicate transaction in September. 188 7, by Common
stock, $130,000; pref. 8 per cent stock, $1,275,000, non-oumuwhich $5,000,000 of consolidated 5 per cent bonds and $5,000,090 of
Divi l< mis on preferred stock past sovcu years have been 63* In
lative.
preferred stock were proposed to pay off floating debt, was reported 1887; 5 in 1836; 5 in 1885; 5^ in 1884; 6l4 in 1883; 5^ iu 1832; 4^
In the Chronicle, V. 45, p. 304,308. and the financial statement at
in 1831.
length was on p. 814. But in Jan., 1838, the company declined to vote
Bells Gap.—Bell wood, Pa., to Irvona, Pa., 26 miles. Gross earnings
for the issue of the pref. stock, ami the syndicate simply held its collat¬
iu 1386-7, $160,495; not, $82,460; interest paid, $32,407; dividends,
eral for the money advauoed.
Fiscal year ends Sept. 30. The a;mual report for the fiscal year end¬ $27,500; surplus, $22,553. Gross earnings in 1885-86, $160,252; net,
$78,230. Of the consol, mortgage $ {.50,000 Is reserved to retire prior
ing Sept. 30.1887, was in the Chronicle of Nov. 20.
The general traffic in four years past is shown by the following table issues. Stock was increased iu 1333 to $550,000. Chas. F. Berwind,
Pres., Philadelphia.
Of toun sge carried :
Belvidere Delaware.—Owns from Trenton, N. J., to Manunka
Coal and coke carried
188 3-34.
1330-87.
1331-35.
1395-36.
Chunk, N. J., 67 miles; Millham Cut-otf, 1 mile, Flomingtou RR., 12
On main stem (tons)... 3,263,521 3,137,170 3,073,448 4,209,477
miles; total operated, 80 miles. Leased to United Companies, and trans¬
Of which for Co.’s use
439,912
413,541
553,114
439,301
ferred to Pennsylvania RR. March 7,1876, by which operated as their
On Pitts nurg Div....... 2,157,090 2,003,932 2,427,233 2,137,229
Belvidere Division, and net earnings paid over as rental. In Fob., 1835,
On Truns-OUio Divs
900,453
909,591 1,329,081 1,168,857 the
Fleiuington RR. Co. was merged in this. The 1st mort. and new 4
On Philadelphia Div...
303,015
p.c.bonds are guaranteed by the Unite! Co’s. In 1835 net earnings were
Total
6,392,077 0,400,746 7,430,367 7,873,603 $167,670 and interest payments $269,713. In 1336, net, $151,252; int.,
$263,311. Capital stock, $1,150,090; par of shares, $50.—(V. 43, p.573.)
Carried to Baltimore—
Flour.
hbls.
Bennington «fe Rutland.—Owns from Rutland to Bennington,
717,258
766,163
752,150 1,274,512
Wheat
bush. 6,415,550 3,200,025 3,437,159 6,600,027
Vt., 57 miles; branch, No. Bennington to New York State Line, 2 miles;
Corn
bush. 3.472,940 8,333,859 9,474,275 5,223,770 total, 59 miles.
Chartered as West. Vermont in 1345, and consolidated
—
...
c/2
P
O
P
C/2
O
o
H
C/2
P
◄
O
P
P
hH
Ph
5
ftWKimgaauawi
Subscribers will confer a great
first page
of tables.
Belvidere Del.—(OonVd)— Cons, mortgage
Consol, mort., reg,, guar, by Un. Co’s &
Amount
Par
Value.
Outstanding
183-7465.
m.m
_
When
Cent.
Payable
7
m
__
..
....
Boston Sr. Maine gives
a rental guarantee <
for 99 years.
-
■
620,000
250,000
500,000
200,000
200,000
100,000
ioo
1873-4
1885-7
1
BostondkN ,Y. Air-Line—St’k, pref.(gu.N.Y.N.II.&H.) i
1st mortgage
c
Boston dt Frov.— Stock, 10 p. c. guar. 09 yrs.. Old Col
Bonds to purchase branches, coupon or registered
54
50
68
1880
1873
....
500 Sec.
7,000,000
3,500,000
1,000
2,000,000
100
2,933,500
1,000
500,000
100
4,000,000
Sept. 10,1877, the Vermont division
Bennington Sc Rutland. Stock,
$1,000,000 authorized (par $50), and $502,000 issued. In 1885-6 gross
earnings. $205,922; net, $30,393; interest, $33,250; deficit, $2,857.
Gross earnings iu 1886-7 were $198,763; net, $24,651; deficit under
Miles operated
Eurninqs—
Berkshire.—Owns from Connecticut State Line to West Stock,
bridge, Mass., 22 miles. Leased in perpetuity to Housatonic Railroad
Company at 7 per ct. on capital stock, $600,000. Lessors pay taxes, &c.
and for this reason the quarterly dividend due in Oct. is usually omitted,
Total gross
interest, $8,599.
Boston Sc Albany.—Owns from Boston, Mass., to
202 miles; numerous branches, 102 miles; leased lines,
Albany, N. Y.,
; total
86 miles
operated 390 miles. The Boston Sc Albany was formed (Dec., 1867)
by the consolidation of the Boston & Worcester and the Western rail¬
roads. The five per cent bonds of 1882 were issued to. the State of
Massachusetts in exchange for 24,115 shares of B. Sc A. stock held by
the State, and in September, 1883, out of this stock a stock dividend of
10 per cent was made to stockholders. In 1886 another 313 per cent of
stock was given to stockholders.
From October 1 to Sept. 30 in 1886-7 (9 mos.) gross earnings were
$8,925,742, against $3,298,730 in 1885-6 ; net, $3,067,395, against
$2,985,259; surplus over fixed charges, $1,811,209, against $1,747,676.
Fiscal year ends Sept. 30; report for 1887 was in V. 45, p. 611.
Passenger
Net
Div.
Freight (ton)
Gross
Mileage.
Receipts.
Receipts.* p. ct.
374,347,455 $3,148,713 $2,362,836
8
398,862,058
7,637,982 2,344,305
8
390,464,378
8,298,733
2,488,345
8
406,030,750
8,925,744 2,552,108
8
*
Boston Concord Sc Montreal.—Owns from Concord, N. H., tc
Woodsville, N. H., 93 miles; branches—Woodsvllle, N. H., to Groveton
Wing Road to Mt. Washington, 20 miles; leased
Plymouth to No. Woodstock, 21 miles; total operated, 186 miles.
In June, 1884, leased to Boston Sc Lowell. Of the sink, fund bonds due
in 1889, there are outstanding in the hands of other parties, $202,000, on
which interest is paid; the trustees holding $306,000 and the corporation
holding $116,000 on which no int. is paid. Fiscal year ends March 31.
Junction, 53 miles;
-(V. 44, p. 525.)
Boston Sc Lowell.—Owns from Boston to Lowell,
Salem & Lowell, 17 miles; Lowell & Lawrence, 12
27 m.; branchesmiles; others, 22
miles; Middlesex Central,20 miles; leased—Nashua<fc Lowell, 15 miles;
Stony Brook RR., 13 miles; Wilton RR., 15 miles; Peterborough Rail¬
road, 10 miles; Manchester & Keene RR., 29 miles;
Central Mass., 44
miles; total leased, 126 miles; total owned and leased, 224 miles. Also
operates B. Con.
Mon.. 187 miles; No. of N. Hamp.. 83 miles, and Con¬
cord & Claremont, N. H., 90 miles; total in 1885-86, 717 11 iles.
In June, 1884, a lease of the North, of New Hamp. and the Best. Con.
& Montreal railroads was made, and control of those roads was then as¬
sumed.
In March, 1887, the Northern lease was held void, and the
company resumed possession.
In June, 1887, the Connecticut Sc Passumpsic Road was leased and a
branches to the Boston Sc Maine for 99
was passed
effected tobythe
of stockholders
on June 21, andByinthe
1837,
?ears
he linos
voteBoston
Oct.,leaso
Sc Maine management.
to
the B. Sc M. this road receives 7 per cent on stock till fan., 1897, and 8
per cent thereafter.
Income was as follows in 1334-5 an 1 1335-6, no report having been
Issued for 1886-7:
1884-85.
1885-86.
Net income
Disbursements
Balance
...
$1,414,005
1,129,029
$1,443,916
1,141,827
$234,976
$302,089
—(V. 44, p. 59, 369, 458, 544, 751, 807; V. 45, p. 512,538,792; V. 46,
37.
II Boston Sc Maine.—Owns from Boston. Mass., to Portland, Me., 116
miles; branches, 8 miles; leases—Eastern RR., Boston to New Hamp.
State line, 41 miles; Eastern N. II. RR., N. Hamp. State line to Maine
State line 16 miles; Port. S. Sc Port*. RR., Maine State lino to Portland,
51 miles; Ports. Gt. Falls Sc Couwav, Conway Junotion to North Conwav, 73 miles; Worces. Nash. Sc Rocn. RR., Worcester, Mass., to Roches¬
ter, N. H., 94 miles; numerous short branches of the foregoing, 210
miles; total operated Sept. 30, 1887, including Eastern, 609 miles. In
December, 1884, this company leased the Eastern Mass, on the basis
stated under title of the “ Eastern” in tills Supplement.
In Juno, 1837,
a lease of the Manchester Sc Lawrence road was made for 50 years, and
a lease of the Boston Sc Lowell for 99 years was also made, including the
lines controlled under lease by that company—the Boston Conoord Sc
Montreal, the Connecticut Sc Passumpsio, Sec. Sinking fund for improve¬
ment bonds amounted Sept. 30,
The fiscal year ends Sept. 30.
The earnings and expenses
1887, to $111,464.
Annual report in V. 45, p. 791.
below include the Eastern in all the
years and the W. N. & B. In 1885-6 and 1886-7;
Dividend.
J. Sc J. Treasurer. Trenton, N. J.
Various Philadelphia, Pa., RR.
J. & J. Treasurer, Trenton,N. J.
M. & N.
N.Y., Union Trust Co.
Jan.
1, 1916
Sept., 1925-27.
Jan. 1, 1916
Nov. 1,
1897
Q.—J. Stockbridge, Treasurer. Jan. 1. 1888
Dec. 31, 1887
Boston, Office.
Q. -M.
F.
J.
A.
M.
&
&
Sc
&
j.
"a "j.
A.
J.
0.
N.
do
do
do
Feb. 1, 1892
July 1. 1895
April 1, 1902
Boston, Office.
Nov.
21, 1887
4
6
6
6
5
5
7
4
2
5
6
7
A. & O.
&
Sc
Sc
Sc
Sc
&
Sc
M. &
A. Sc
A. Sc
J.
J.
O.
S.
J.
J.
N.
S.
O.
O.
J.
J.
A.
M.
J.
J.
M.
Boston, Office. r
do
do
do
.do
Boston, at Office.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
....
-
.
•
.
M. Sc
J. &
F. Sc
A. &
F. <fe
M. Sc
J. Sc
....
....
earnings
......
Expenses
'
April 1, 1892
1,1895
July 1, 1896
July 1, 1899
May 1, 1903
Sept. 1, 1905
Oct. 1, 1897
March
Oct. 1, 1898
1891
1900
Nov. 15, 1887
N.
Boston, at Office.
do
do
J.
Jan.,1893 & 94
do
A.
do
1905,’07 &’37
O. N.Y., N. Y. N. H Sc II. Co. Oct., 1, 1887
do
do
A.
Aug. 1, 1905
Nov. 1, 1887
N.
Boston, at Office.
do
do
J.
July 1, 31893
1884-85.
494
Passenger
Freight
Mail, express, Sec
Jan. 1, 1889
1893
1911
Jan. 2, 1888
Net earnings
1886-87.
609
1885-86.
584
$1,040,286
2,929,766
$4,374,581
283.829
310,989
$6,232,096
$4,161,006
$7,253,881
$4,753,409
$7,892,632
$5,268,831
$2,071,090
$2,500,472
$2,623,801
$3,544,302
2,435,401
252.393
3,207,062
INCOME ACCOUNT.
18s 4-85.
Recti nts—
Net earnings....
Total disbursements..
Balance surplus
2,623,801
299,750
$2,790,281
$2,923,551
$1,225,526
$1,365,117
266,424
$1,451,075
260,609
(10) 700,000
158,603
255,440
(9^) 665,000
469,724
$2,210,553
$140,000
$2,755,281
$35,000
(8) 560,0( 0
...
....
.
1886-87.
239,809
Rentals, interest, &c
Total income
Disbursements—
Rentals paid
Interest on debt
Dividends
Eastern (under lease)*....
1885-86.
2.500,472
2,071,090
510,846
$2,922,530
$1,021
„
Net receipts include income from rents, &c.
-(V. 44, p. 212, 586; V. 45, p. 180, 572,611,614,705.)
lease of the B. Sc L. and all its
•
500,000
....
above) operated by the reorganized
Miles.
Mileage.
384 167.402,441
384 167,097,784
384 177,787,439
390 191,843,184
4*a
226,900
•
583
In Harlem Extension in 1870. Since
6
5
750,000
1876
1879
1883
1885
|
1
Bonds, coupon and registered...'.
Improvement bonds, sinking fund
p.
Whom.
‘
Bonds
Bonds
Bonds
Bonds
Lowell Sc Lawr., bonds
Salem Sc Lowell, bonds
Nashua & Lowell
Do
do
Boston dk Maine—Stock
Years.
pal,When Due.
Where Payable, and by 'Stocks—Last
Rate per
$1,200,000
1876
$1,000
1885-7
1,000
1876
1,000
1877
1,000
67
67
12
59
22
300
of 1876..
Pa. RR...
Size, or
4
1,250,000
6
250,000
Flemington RR. M. bds
7
475,000
Bennington dt Rutland— 1st mortgage
100
600,000
Berkshire—Stock (7 p. c. perpet. rental Housatonic).
2
100
20,000,000
Boston dt Albany—Stock
7
i872
5,000,000
1,000
6
1875
•
2,000,000
Loan of
1,000
5
1882
3,858,000
100
2^
i.86
800,000
Boston Concord dt Montreal—Old pref. stock, guar..
100
186
1,000,000
Com. and new pf. stock (new pf. stock is $540,400)
6
100 Sec.
1858
202,000
Sinking fund bonds ($624,000)
6 & 7
200 Sec.
166
1873
1,947,400
Consolidated mortgage bonds (for $2,000,000)..
6
166
1881
500,000
1,000
Improvement mortgage bonds
100
3ia
717
5,329,400
Boston dt Lowell—Stock
7
1872
999,500
Bonds
7
1875
500,000
Bonds
as
Bonds— Princi¬
INTEREST OR DIVIDENDS.
Miles
Date
of
of
Road. Bonds
explanation of column headings, &c., see notes
on
[Vol. XLVI,
favor by giving immediate notice of any error discovered in these Tables.
DESCRIPTION.
For
SUPPLEMENT.
INVESTORS’
20
*
Includes interest and
sinking fund for improvement bonds.
-(V. 44, p. 184, 369, 458, 544, 807 ; V. 45, p. 538, 612, 791, 819.)
Boston Sc New York Air Line.—Owns from New Haven, Conn.,
to Willimantic, Conn., 50 miles; leased, Turnerville to Colchester, 4
miles; total operated, 54 miles. Formerly the New Haven Middletown
Sc Willimantic. A lease was made in Oct., 1882, to the N. Y. N. H. Sc Hart.
RR.for 99 years at 4 per cent dividends per year on the pref. stock and
interest on the bonds; the common stock is $834,900.
Boston Sc Providence.—Owns from Boston, Mass., to Providence
R. I., 44 miles; branches,20 miles; leased, Attleborough to North Attle¬
borough, 4 miles; total operated, 68 miles. In November, 1887, the
directors authorized $2,000,000 bonds to pay fioatiug debt, and agreed
to a lease for 99 years to Old Colony RR. at 10 per cent yearly
on
stock and a bonus of $1,300,000 cash on execution of lease
(subject to the necessary legislation and the ratification by stockhold¬
ers).
Notes outstanding Sept., 1887, were $760,000.
Iu year ending
Sept. 30, 1887, gross income was $1,905,495; net, $470,863; surplus
over interest and dividend (10 per cent), $48,873.
In 1885-86, gross,'
$1,784,805 ; net, $399,880.—(V. 45, p. 43S, 612, 627, 641, 672.)
Bradford Bordell Sc Kinzna-(3-foot gauge)—Mileage from
Bradford, Pa., to Simpson, Pa., 15 miles; Kinzua Junction to Rew City,
2 miles ; Rew City to Eldred, 12 miles; Simpson to Smothport, 10 miles ;
total, 39 miles. Stock is $500,000, par of shares, $100.
In Deo., 1884,
default in interest was made, and in Nov., 1885, bondholders subscribed
5 per cent on their bonus to resume payments, receiving certificates of
indebtedness to the amount paid. Of these certificates $22,950 were
outstanding Dec., 1336. Gross earnings in 1885, $7.1,897; net. $19,775.
Gross earnings in 1836, $74,130; net, $10,226, John J. Carter, Titus¬
ville. Pa., President.
Bradford Eldred Sc Cuba.—Owns from Eldred, Pa., to Bolivar
N. Y., and branch to Richburg, and Cuba to Little
Genesee, 54 miles. Stock, $480,000. There are also 2d mortgage bonds
for $60,000, 6s, which were due Juno 1, 1885.
Foreclosure suit begun
and Wellsville,
in February, 1885.
Thos. C. Platt appointed receiver in Oct., 1885, and
$23,526 certificates authorized. Gross earnings in 1884-85, $42,856;
def. $1,393; def. under interest, taxes, etc., $36,010; gross in 1885-86
$45,821; deficit, $10,963; interest, $33,600; total deficit, $14,563.
Total deficit to Sept. 30, 1386, $90,243. R. G. Taylor, President.
Brooklyn Elevated.—Liuo of road from Fulton Ferry and Brook¬
lyn Bridge via Broadway, &o., to East New York, 6% miles. This
is the Brooklyn Elevated Railroad organized May 29, 1884, as succes
sor to the Brooklyn Elevated Railway sold Ln foreclosure May 12, 1884.
The capital stock is'$5,000,000; the second mortgage bears 3 percent
interest till July, 1888 and 5 per cent thereafter.
After 1888, if net
earnings suffice, a sinking fund of one per cent will purchase 2d mort¬
gage bonds at 90, and after 1889 a like sinking fund will purchase 1st
mortgage bonds at 105 -no bonds drawn. The balanoc sheet of Sept. 5,
1837, was in V. 45, p. 533.
The
annual report to State Commissioner for year ending Sept. 30
1887, gave gross
earnings $620,284; net, $229,200; net deficit under
payments, $22,491. Henry W. Putnam, President.—(V.44, p. 212, 654;
V. 45, p. 212, 512, 538, 673, 855; V. 46, p- 74.)
Brooklyn Sc Montank.-Brooklyn to Eastport, L. I., 67 miles,
branches to Fresh Pond Junction, 1 mile; to Rockaway, 9 miles;
total, 77 miles.
This was first the South Side Railroad of Long
Island, which was foreclosed Sept. 16, 1874, aud reorganized as the
Southern of Long Island. On Juno 3, 1879, the property was again sold
in foreclosure of the second mortgage, and this company organized.
The preferred stock has a preference of 7 per cent, not cumulative.
It
is leased to the Long Island Railroad for 50 years, from October, 1879,
at 25 per cent of the net earnings of the whole Long Island RR. system,
including its leased lines. No rental has been reported as paid, and no
1
RAILROAD
1868.J
January,
Subscribers will confer a
great favor by giving immediate notice of any error
explanation of column headings,
on
lirst page
of tables.
&c., see notes
Date
Miles
Size, or
of
Par
of
Road. Bonds Value.
Bradford Bovdell dt Kinzua—1st mortgage
Bradford Eld red dt Cuba— 1st mort
Brooklyn Elevated—1st mort., gold, sink’g fund, .c *
2d mort., 5 p. c. after July, ’88, gold. sink. fd..c *
Brooklyn dt
Alontauk-rStock ($1,100,000 is pref.) ..
Island RR—o ’
First mort., guaranteed by Long
do
do
int. guar, by L. I. R.
R
10,000 ac. I’d)..c
p.c.rent N.Y.L.E.&W.)
Buff.Brad.d Pitts— Gen.M., (incl.
c*
1st mortgage
Buff. Roch. dtPittsb.—1st con.M.,
R. & P. 1st mortgage—
R. & P. Consol, mortgage
R. & P. Income mortgage
41
54
6-9
6-9
77
77
g.($10,000,000).c*
i~7i
26
142
142
All
108
258
Equipment bonds (car trust) in 5 series...
R. & P.
1885
1,000
1,000
1881
1,000
100
do
1st M., gold, guar
Consol. 1st mort. & collat. trust, gold, coup. & reg.
Cairo Vine< ones d: Chic. —1st M. bds., gold (Wabash)
California Puciric—1st mort., gold (ext'd’d at 4^2)
2d mort end! by Cent. Pao
3d, mort vvar. by Cal. Pac.($1,000,000 are3s) ..
Camden dt A Han tic—Stock ($880,650 of it prer.)—
.
in 1873)
177
All
266
114
114
114
78
78
31
Camden d- Burlington Co.—1st mortgage
1887
1886
500&C.
1876
1887
1881
1882
1881
Var’s
1,000
1,000
1,000
1,000
1877
1,000
1853
1854
1881
1867
6
6
6 g.
3-5 g.
6 g.
5
4 g7
250,000
750,000
1,200,000
580,000
950,000
1,000
100
1876
1879
1880
1881
1884
1881
1867
1871
1875
Rate per
Cent.
$498,000
500,000
3,500,000
1,250,000
2,000,000
$500
1,000
3^
7
5 g.
6
6
6
6 & 7
2
o g.
2,380,000
<?)>
1,300,000
3,885,000
7c,000
1,000
1,000
1,000&C
710.000
943,666
1,500,000
5,500,000
6,500,000
584,000
825.000
1.905,000
4,716, >00
1.000
3,857,000
1.000
2,250,000
67
Buffalo dt Southwestern.—Stock (one-half of it pref.)
67
1stmoit., gold, int. guar, by N.Y.L.E.&W
c*
1,039
Burlington C. Rapids dt Northern—Stock
1st mortgage, sinking fund
c* 369
73
Iowa City & Western, 1st mortgage, guar
55
Ced. Rap. I F.& N.W., 1st M., g., guar.,red.aft.’90
1st mortgage extended 20 years
2d mortgage, extended in 1879
Consol, mortgage (thirty years)
1882
1881
1884
Amount
Outstanding
....
Brunsw.dtW.—IstM. ($3,000,0C0)gu.byS.F.&W.c*&r
Buffalo N. Y.d Erie—Stock(7
discovered in these Tables.
Bonds—Princi¬
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
SI
BONDS.
AND
STOCKS
100
100&C.
1,000
1,C00
1.000
5
7
6 g.
5 g5 g.
5 g.
41e g.
1,000
1,600,000
500
50
3.000.000
3 & 6
1,257,100 2
on
1,000
490,000
497,000
1,000
1,000
500&C.
6 g.
350,000
Where
& D.
& J.
& O.
& J.
J.
J.
A.
J.
pal,^When Due.
Brafif’d, Pa., Co.’s Office June 1, 1932
Last paid July, 1884.
Jan. 1, 1932
Oet. 1, 1924
N. Y., Cent. Trust Co.
do
July 1, 1915
8. N. Y., Corbin Banx’g Co.
do
do
8.
J. N.Y., H.B.Plant, &Sav.
J. N. Y. L. Erie & W. RR.
D. N. Y. L. Erie & W. RR.
do
do
D.
S.
A. N. Y., Union Trust Co.
do
do
D.
do
do
Various
Gallatin Bank.
&
J.
M.
A.
A.
A.
J.
J.
J.
J.
& D. N. Y.f Central Trust Co.
do
do
& S.
do
do
& O.
&
A. &
J. &
F. &
J.
Mar. 1,
Mar. 1.
Jan. 1,
Jau. 1,
Dec. 1,
Dec. 1,
do
do
O.
do
do
O.
Last paid. Jau., ’84
J.
J. N.Y., So. Pac. RR. Office
do
do
J.
do
do
J.
Camden. Co.’s Office.
O.
J. Phila., Farm. & M. B’k.
do
do
O.
do
do
J.
A. Pliila.. Penn. RR. Co.
1911
1911
1938
1896
1887
1916
Sept. 1. 1937
Feb. 1, 1921
Dec. 1, 1922
1921
Various.
Oct., 1885
July 1, 1908
N. Y.., 1st Nat. Bank.
I.
J.
Dividend.
Whom.
M. &
M. &
J. &
J. &
J. &
J. &
M. &
F. &
J. &
&
&
&
&
&
&
Stocks—LabI
Payable, and by
Payable
pref A. &
7 g.
6
6
6
350,000
When
June
1. 1906
Sept. 1, 1909
Oct. 1, 1920
Oct.
1921
1.
April l, 1934
Oct. 1, 1931
Jau. 1, 1912
Jan. 1, 1891
July, 1905
Oct. 1, 1887
March. 1893
Oct. 1, 1904
July
1911
1,
1897
From Jau. 1 to Nov. 30 in 1887 (11 mos.), gross earnings were
L. I. RR. guarantees interest on $750,000
net, $665,647, against
principal and interest on $250,000. Daniel Lord, $2,700,587, against $2,626,530 in 1886 ;
ij 7-'4,225 in 1886.
President; F. B. Lord, Secretary, New York City. (V. 44,p. 808.)
For 1886 the annual report in V. 44, p. 619, gave net income, &o.,
Brunswick A; Western,—From Brunswick to Albany, 171 miles,
for four years as follows:
and 83 miles projected to Columbus, Ga.
Tlus was formerly the Bruns¬
FISCAL RESELLS.
wick & Albany. In Dec., 1*87, the control of the road was sold to the
1886.
1885.
1884.
1883.
Savannah Florida & Western, and new bonds were istued as above, Miles
990
090
713
1,039
operated
$
guaranteed principal and interest by theS. F. &W Co ; $1,800,000 bonds
$
$
$
Earnings—
are reserved to retire old bonds.
There are also $3,000,000 5 per cent Passenger
691,174
666,t*22
662,485
654,746
income bonds. Cross earnings in 1886, $326,216; net, $46,819.
(V. Freight
2,281.542
2.141,646
2.117.949
2,024.175
45, p. 512.)
117,797
105,362
129,17.8
90.859
Mail, express, &c
Buffalo Bradford Sc Pittsburg,—Owns from Carrollton, N. Y.
3.093,513
2,933,309
2,796.459
Tot. gross earnings
2,863.554
to Gilesville, Pa., 26 miles. Completed in 1866, and leased to New
2,189,543
2,132,404
1,968.177
1,917,769
York Lake Erie & Western for 499 years. Rental, 7 per cent on out¬ Oper exp. and taxes
standing bonds, $40,600 a year. Capital stock, $2,286,400.
public reports are issued.
of the bonds, and both
..
Buffalo New lork A Erie,—Owns from
Buffalo, N. Y., to Cor¬
Leased in 1863 to the New York & Erie for
400 years, and now operated by the N. Y. Lake Erie & West. Co. Rental,
$238,100—viz., 7 per cent on stock and bonds and $5,000 for organiza¬
tion expenses. Dividends and interest paid directly by the lessees.
Buffalo Rochester Sc Pittsburg Railway.—(Nee Map.) Owns
from Rochester, N. Y., to Clayville, Pa., 229 miles; Buffalo Branch from
Ashford to Butlalo, 48 miles; other branches, 17 miles; total, 294 miles.
This company was formed in March., 1887. as successor of the Roch¬
ester & Pittsburg and the Pittsburg & State Line RR., which were fore¬
closed in Oct. 1885 and pi rchased by Mr. A. Iselin.
That portion of the rorm lying in Pennsylvania was known as the Pitts.
& State Line RR. Co. The consolidation of the companies in New York
and Pennsylvania was delayed by litigation till March, 1887.
The preferred stock or the consolidated company is $6,000,000 (en¬
titled to 6 per cent dividi nds, non-cumulative), and common stock,
ning, N. Y., 142 miles.
$6,000,000.
In November, 1887, anew mortgage (Trustee Union Tr. Co. of N.Y ) for
$10,000,000 5 per cent, fifty year bonds, was authorized, of which
$6,000,000 are reserved for prior bonds.
From Oct. 1, 1886, to Sept. 30. 1887 (12 months), gross earnings were
$1,916,361, against $1,299,362 m 1885-86: net, $547,274, against
$334,O is'; sin plus over interest, taxes and rentals, $172,319, against
deficit of $17,877.
The income accounts of the R. & P. for the years ending Sept. 30 were as
follows:
1886-7.
Receipts—
Gross earnings
Net income (including
Disbursements—
miscellaneous)
$1,916,361
$594,734
Net earnings
P.c. op. ex. to
895,377
earn’s.
878,690
68*5
68-7
903,970
70*77
800.905
72*70
INCOME ACCOUNT.
1883.
1884.
1885.
1886.
878.690
31,108
$
903,970
83,798
800,905
943,974
909,798
987,768
864,157
573,663
Ot her expenditures..
521,232
89,942
294,904
44,802
742,275
70,794
41,925
25,056
749,898
3,042
45,605
8,278
Tot. disbursem’ts
959,880
681.832
880,050
806,823*
Receipts—
Net earnings
Other
receipts
Total income
Disbursements—
Interest on debt
Const’n& improvem’t
Equipment.;
.$
895,378
48.596
$
68,778
10,774
28.617
$
63,252
dcL6.906sur.227,966 sur. 107.718 sur.57,334
-(V. 44. p. 90, 184, 494, 619.)
Cairo Vincennes Sc Chicago.—Cairo to Tilton, Ill., 253 miles;
branch, St. Francisville to Vincennes, 8.; total, 266 miles. This was ft
consolidation of t:ie Cairo & Vincennes, Danville & S. W. and St. Franoisville & Lawrence roads, forming the Cairo Division of the Wabash St.
Louis & Pacific. The latter company issued its own bonds secured on
this road (or $3,857,000, and after default the road was surrendered
to the mortgage trustees, Messrs. A. J. Thomas and Charles E. Tracy,
April 27, 1885. In July, 1887, a decree was entered by consent releas¬
ing this road from liability on all Wabash claims. Receiver’s certificates
for $666,Id have hecn issued.
From May 1 to Nov. 30, 1887 (7 mos.),
Balance
1885-6.
$1,299,362 gross earnings were $-177,866, against $425,345 in 1886; net, $184,777,
$390,357 against $104,913. In the year ending April 30, 1887, gross earnings
were $710,664; net, $161,263.
(V. 44, p. 494 ; V. 45, p. 214, 614, 819,
352,106 855.)
56,128
California Pacific.—Owns from Vallejo, Cal., to Sacramento, Cal.,
61 miles; branches—Vallejo Junction to Vallejo, 2 miles; Adelaide to
$408,231 Calistoga, 35 miles; Davis to Knight’s Landing, 19 miles; total oper¬
$422,415
Balance
sur. $172,319
def. $17,877 ated, 115 miles. Leased tor 29 years, from July 1,1876, to Central Pao.
Walston H. Brown, N. Y President.
Rental, $600,000 per annum, and three fourths of net earnings when
in excess of that amount. Capital stock, $12,000,000.
In 1886, gross
—(V. 44. p. 212. 309, 392, 402, 781; Y. 45, p. 25, 210, 373, 400, 538,
earnings were $1,233,641; net, $574,082.
613, 673, 705; V. 46, p. 101.)
Camden Sc Atlantic.—Owns from Camden, N. J., to Atlantic
Ruffalo Sc Southwestern.—Owns from Buffalo to Jamestown,
City, 60 miles; Atlantic City to Longport, 7 miles; Phil. Marl. &
N. Y., 67 miles.
Formerly the Buffalo & Jamestown; reorganized Med. RR.; Haddontield to Medford, 12 miles; total operated, 79 miles.
Pref. stock, entitled to 7 per cent if earned, and to as high as paid to coin,
in 1877, after foreclosure. In July, 1880, leased to New York Lake
Erie & Western for 99 years—at 35 per cent of gross earnings, but if more than 7. From Jan. 1 to Nov. 30, 1887 (11 mos.), gross earnings on
interest on bonds guaranteed.
Rental in year ending Sept. 30, 18s7, main liue and branches were $644,920, against $569,493 in 1886 ; net,
$106,867; in 1885-86, $90,831. When earnings jliavo been sufficient a $144,878, against $138,036.
Interest
on
353,910
68,505
bond8
Rental and miscellaneous
,
small dividend has been paid on pref.
stock.
Rurllugtou Cedar Rapids Sc Northern.—On Jan. 1 ’87, oper¬
Lea, Minn, (including 11 miles
leased), 253 miles; branches—Linn, la., to Postville, la., 94 miles; Mus¬
catine, la to Riverside, la., 31 miles; Vinton, la., to Holland, la., 48
miles; Iowa City to What Cheer and to Montezuma, 73 miles; Clinton
Division, 81 miles; Decorah Division, 23 miles; Iowa Falls Division,
430 miles; Wuverly Division, 6 miles; total operated, 1,039 miles. The
ated from Burlington, Iowa to Albert
,
former
company
was
organized as the Burlington Cedar Rapids &
Minn., June 30, 1868. Defaulted Nov. 1, 1873. Property sold under
foreclosure June 22, 1876, and this company was formed by the pur¬
In May, 1885, a decision was obtained by the holders of old
chasers.
equipment and 2d mortgage bonds of 1874, in the case of Simmons
against this company, holding those bonds to be good against the road,
and giving defendants the right to redeem the property on payment
of amount found to be due, which is about $1,000,000. The case is
on appeal.
Bonds of the Cedar Rapids Iowa Falls & Northwestern road are en¬
dorsed (endorsement is on the bonds); the 6 per cent bonds are redeem¬
able at 105 after Oct. 1, 1890. Of the 5 per cents $825,000 are reserved
to retire the 6 per cents. The company guarantees the above bonds
pending
mentioned, and also guarantees $150,000 of Minneap. & 8t. Louis bonds.
In April. 1884, for the purpose of issuing additional bonds for exten¬
sions, the limit of authorized capital stock was raised to $30,000,000.
The consolidated bonds are dateif April 1,1884, andissued at $15,000 per
mile to build new road, and secured by first mortgage bonds on the
roads built, deposited with the trustee of this mortgage.
branches in 1885, gross earnings were $561,347; net,
1886, gross, $599,090, net, $129,775; other income,
$20,802, total. $150,578; deduct interest, rentals, &c., $88,903; sur¬
plus, $51,610. (V. 44, p. 494.)
Camden Sc Burlington County.—Owns from Camden, N. J..
to Pemberton, N. J., 23 miles; branch, Burlington. N. .T., to Mount
Holly, 7 miles; total, 30 miles. Leased to Camden & Amooy Railroad
Co., and now operated by the Pennsylvania Railroad Company, lessees
On main liue and
$134,143.
In
lines. Lease rental, $44,415,
and $500 for organization ex¬
penses. Capital stock $331,925 and funded debt $350,000. Dividends
in January and July. Gross earnings in 1836, $216,0o5; net, $63,632
United Railroad & Canal Company's
being 6 per cent on stock and bonds,
of
#
Southern.—Line of Road—Main line from International
Bridge to Windsor, Out., 226 m.; branch, Amherstburg to Essex Centre,
16 miles; Fort Erie Br., 17 miles; Oil Springs Br., 3 miles; St. Thomas,
Out., to Court right, Out., 63 miles; Erie& Niagara., 31; Sarnia Chatham &
Canada
Erie, 7; Canada Southern Bridge & Ferry, 4; Toledo Canada Southern &
Detroit, 56, and Michigan Midland & Canada, 15; total of all lines
operated, 436 miles, of which 105 miles are nominally owned by proprie¬
tary companies under separate organizations.
The Cauada Southern Railway Company was chartered in Canada
Feb. 28, 1868, and the main line opened Nov. 15, 1873. Default
was made, and a reorganization
forming the existing company waa
completed in 1878.
Interest on the 1st mort. is guaranteed by the New
York Central Railroad Co. for 20 years; but the principal Is
anteed.
In Nov., 1882, a close contract was made with the
Central for 21 years from Jan. 1, 1883, providing for the
not guar¬
Michigan
operation
!
99
INVESTORS’
SUPPLEMENT.
[Vol XLVI,
auw fc
o
BASOTNONCDKS
RAILOD
24
INVESTORS’
Subscribers will confer
a
SUPPLEMENT.
great favor by giving immediate notice of any error discovered in these Tables.
DESCRIPTION.
For
1'Vol.XLVI.
explanation of column headings, Ac.,
on first page of tables.
see
notes
Miles
Date
of
of
Road. Bonds
Size,
INTERESTIOR DIVIDENDS.
or
Amount
Par
Value.
Outstanding
Rate per When Where
Cent.
Pay'able
Payable, and by
Whom.
.....
Canada Central RR. 1st A 2d mort. bouds
Quebec Prov. due on Q. M. O. A O. and N. S. RR..
Land mortgage bonds, gold (redeemable at 110)..
1st mort. debent, sterling
2,856
1st mort. on Algouia Branch, &
150
Cp.Fear <& Tad. Tat.—1st M.,ser. A $10,000 p.m. c*Ar.
Carolina Central— 1st mortgage, gold, coup, or reg.
242
2d mort., gold, income, reg., non cumulative
242
3d mort., gold, income, reg., nou cumulative
158
Carson <& Colorado— 1st mortgage, Series “A ”
158
Second Division mort., Series “B.”
43 %
Catawissa—Common stock
98
Pref. stk. ($2,200,000 is oldpref.), 7 % gu. P. A R.
98
1st mortgage, assumed by Phila. A Reading
93
Mortgage bonds, 9 per cent leutal, D. L. AW
34
Cayuga <£ Susq.—Stock, 9 p. c. rental D. L. A W
Cedar Falls <t Minn— Bonds on 2d div.. sink. I’d...
61
Central Branch Union Pac-tic— 1st mort., gold
100
Funded interest bouds (coupons held in trust). ..
2d mort. (Government subsidy')
100
Central R. R. <& Bank, Ga.—Stock
730
General mort. “tripartite” bonds,
620
c*
Collateral trust bonds, gold, drawn at 110
c*
Certificates of debt (for dividend)
Ocean SS. Co., guar., 1st mortgage
c*
Central Iowa— 1st mortgage
1S9
Debt certificates, issued for overdue coupons
1st mortgage, gold, Eastern Division ...:
124
mos.),
m
m
m
m
•
mm.
’
....
....
..
1878
1883
•
-
•
•
•
•
•
•
$100 $15,000,000
1,000
13.858,441
l,000&c
5,100,000
100
.
Canada Southern—Stock
436
1st mort., interest guar, by N. Y. C. & Hud. Riv..
404
2d mortgage, coup, or reg
404
Canadian Pacific—Stock (guar. 3 p. c. div. till ’93). 4,464
•
•
•
65,000,000
1,823,333
7,000,000
3,527,000
34.998,633
•
’82-’83
1881
500 Ac.
1885 £100Ao
18«8
1886
$1,000
1881
1,000
1881
1,000
1881
1,000
1881
1,000
1883
1,000
50
50
1882
1870
500 Ac.
100
1866
500Ac.
1866
1,000
1879
1,000
’66-7-8
1.000
100
1872
1,000
1887
1,000
1881
100
1882
1,000
1879
500AC.
1880
500 Ac.
1882
1,000
.
m
•
.
•
•
of the Canada Southern by the Michigan Central, also for the placing of
the total earnings of both roads in a common treasury, out of which is to
be paid, first, the operating expenses of both roads; second, the fixed
charges of both; third, the division of the remainder between the two,
in the rate of two-tliirds to the Michigan Central and one-third to the
Canada Southern.
In 1886 the surplus to C. S. was $407,335; for 1887,
surplus, $540,000, and balance ov* r dividend of 2Lj per cent, $1(15,000.
Dividends resumed in 1887 and 2^? per cent paid. For latest reports of
earnings see Michigan Central. (V. 44., p. 21, 584; V. 45, p. 5,25, 880.)
Cauadian Pacific. —(See Map.)—The whole road extends from
Montreal to Vancouver on the Pacific coast in British Columbia.
2,006 miles. There are branches and auxiliary lines owned of 925
•
1*3
5 A 6
5
5 g.
5 g.
£750,000
D
$1,500,000
2,000,000
6
6
6
6
6
1,200.000
1,500,000
2,250,000
510,000
1,159,500
3,200,000
230,500
1,300,000
589,110.
1,377,000
1,600,000
.
5
5
630,000
1,600,000
7,500,000
4,999,000
5,000,000
4.600,000
987,000
3,700,000
629,000
622,000
g
g.
g.
g.
3
6
7
413
7
6
7 g.
6
4
7
5 g.
6
6
7
7
6 g.
Bohds—Princi¬
pal,When Due.
Stocks—Last
Dividend.
F. A A. N. Y., Grand Cen. Dep. Feb. 15, 1883
J. A J. N. Y., Union Trust Co.
Jan. 1, 1908
M. A S.
do
do
Mar. 1, 1913
F. A A. N.Y., 59 Wall St., A Lon. Feb. 17, 1887
Various
Montreal.
1899 A 1910
A. A O.
do
1902 A 1904
A. A O. Montreal ,N. Y. orLondon Oct. 1, 1931
J. A J. London, Baring B. A Co. July 1, 1915
J.
J.
J.
A.
J.
J.
A
A
A
A
A
A
D. N.Y., Farm. L.A Tr. Co. June 1, 1916
J. N. Y., Farmers’L. A T.Co. Mch. 31, 2000
J.
New York, Office.
July 1, 1915
O.
do
do
July 1, 1910
J.
New York.
July, 1911
J.
do
July 1, 1913
M. A N.
F.
J.
J.
M.
M.
A
A
A
A
A
J.
J.
M.
J.
J.
J.
A.
A
A
A
A
A
A
A
A. A
Philadelphia Co.’s office
Phila., Pliila.A Read.Co.
A.
do
do
J. New York, 44 South at.
J. Last paid July, 1887.
N. N. Y., 195 Broadway,
N.
do
do
U.S. Treas., at maturity.
D.
Savaunah, Ga.
J. N.Y.Nat.City Bk.,ASav.
N.
New York.
J.
Savannah, Ga.
J.
New York.
J. Last paid July, 1886.
O. No interest ever paid.
0. Last paid April, 1884
Nov. 18, 1887
Feb. 1, 1902
Feb. 1, 1900
Jan. 1, 1888
Jan. 2, 1907
May 1, 1895
May 1, 1895
1896,’97, ’98
Dec. 21, 1887
Jau.
1,
1893
May 1, 1937
Alter 1891
Jan. 1, 1892
July 15, 1899
3
mos.
notice.
April 1, 1912
Reading. Rental, 30 per cent of gross earuings and $8,000 a year for
company' expenses.
Funded debt is also assumed by lessees. Seven per
cent is guaranteed on the preferred stocks.
(V 43, p. 387.)
Cayuga Sc Susquehanna.—Owns from Susquehanna River to
Ithaca, N. Y.,34 miles. Leased in perpetuity toDela. Lack. & West, at
a rental of $54,600 a year. Dividends on
capital, 9 per cent per annum.
Cedar Falls Sc Minnesota.— Owus from C. F. A M
junction on
the D. AS. C. RR.. near Cedar Falls, la., to Minn. State Line, 76 miles.
Leased to Dubuque A Sioux City for 40 year.- from January' 1,
1867,
at $1,500 per mile as a minimum and a contingent of 35
per cent of
gross earnings from $3,500 to $7,500 per mile and of 30 per cent of
any excess over $7,500 per mile; minimum rental is $113,370 per annum.
miles, and 821 miles of leased lines, making the whole .system 4,051 The
Dub. & 8. C. was acquired by Ill. Central through
ownership of its
miles, of which 187 miles were not quite finished on Jan. 1, 1887. ('See
stock iu 1887, and a suit is pending to annul the lease of this road.
In¬
details in Chronicle, V. 44, p. 058.) The road was opened
throughout terest was defaulted Jan.. 1888. Capital
stock, $1,586,500. J. S. Ken¬
the first of July, 1880.
nedy, President,N. Y. (V. 45, p. 819, 855; V. 46, p. 74, 102.)
In Nov., 1883, leases were made of the Ontario &
Quebec system, in¬
Central Branch Union Pacific.—(See Map Mo. Pac.)—Owns from
cluding the Credit Valley Railway and Toronto Grey ami Bruce, about
590 miles in all, with bridge facilities at Montreal, and in 1880 leased
Atchison, Kan., to Waterville, Kan., 100 miles; leased Atchison Col &
Pac. 254 miles ; Atcli. J. Co. A W., 34 miles; total operated, 388 miles.
Atlantic A Northwest (see that company).
This company was incorporated February 18, 1881. under a charter The Un. Pac. Cent. Branch was formerly the Atchison A Pike’s Peak
RR.,
and was one of the roads embraced in the act of Congress
from the Dominion of Canada. The company had an
important con
incorporating
the Union Pacific RR.
The stock is $1,000,000, of which the Union
tract in its charter, receiving from the Government $25,000,000 in cash
Pacific owns $858,700. The company received a Government
as a subsidy, also 25,000,000 acres of land, till to be lit for settlement
subsidy
The Gov’t also conveyed to fhc company, free of all cost, 713 miles of of $1,600,000. Default on interest was made May 1, 1873, but no fore¬
road. The co. also acquired 449 miles of road and branches from Montreal closure took place.
It is operated as a part of the Missouri Pacific
west to Callendar, subject to $5,423,333 in liens on those roads.
system under a 25 years lease, made Sept., 1885, by which the uet earn¬
In Nov., 1883, the Dominion Government
In 1886 gross earnings were
gave a guarantee of 3 per ings are paid to Union Pacific as rental.
cent dividends per annum for ten years on $65,000,000 of stock.
$1,705,763; net. income. $748,357; charges, $471,355; dividends,
Tu October, 1885 5 per cent dividend
By final agreements with the Dominion Government, in April, 1886, a $10tt,000; surplus, $177,002.
settlement was made discharging all the company’s obligations.
paid ; in 1886 paid 10 per cent; iu 188 7, 10 per cent.
The. lands in possession of the
Central RR. Sc Banking Co. of Georgia. - (Sec
company are about 14,959,718 acres.
Map.)—Owns
The bonds are receivable for lauds and may be paid off at 110.
from Savannah, Ga., to Atlanta, Ga., 294 m.; branch, Gordon to MilFrom Jan. 1 to Nov. 30, 1887 (11 mos.), gross earn’s
were $10,454,ledgeville, 17 m.; leases in perpetuity—Augusta A Savannah RR., 53m.;
672. against $9,187,702 in 1886; uet, $3,140,411, against
Eatonton Branch RR., 22 in.; Southwestern RR. and
$3,423,242.
branches, 320
The annual report for 1886 was tmblished at
length in the Chronicle, miles; least-s till 1985 Mobile A Girard RR., 85 miles; controls b.y own¬
V. 44, p. 652, 655 :
ership of stock—Columbus A Western RR., 89 miles; Montgomery
A Eufaula RR., 80 miles; Eufaula A
OPERATIONS AND FISCAL RESULTS.
Clayton, 21 miles; total oper¬
ated and practically owned Aug. 31, 1887, 982 miles.
Auxiliary sys¬
1885.
1886.
tem (the earnings of which are reported
separately) includes, besides
Miles operated
4.338
4.464
other lines, Western RR. of Ala., 138 miles: Georgia RR.,
307miles;
Passenger mileage.
116,702,980
150,466,149 Port Royal A
Augusta, 1 12 miles; Atlanta A West Point, 17 miles, aud
Kate per passenger per mile
2*45 cts.
2T0ets.
Port Royal A Western Carolina, 230 miles, and embraces in all,
1,252
Freight (tons) mileage
406,822,166
555,438,159 miles. Gtand total of C’ent al RR.
Also owns en¬
mileage, 2.234 miles
Rate per ton per mile
1 -20 cts.
1T0 cts.
tire stock of Ocean Steamship Co.
In the auxiliary lines the Central
Earnings—
RR. owns part interests, either half or
greater, represented Aug. 31,
Passenger
$2,859,223
$3,170,714 1887, by $3,894,800 stocks and $3,304,000
bonds or
notes.
Freight
4,881,866
6,112,380 In 1886 leased the Mobile A Girard RR., 84 miles.mortgage
In 1881 the
Mail, express and miscellaneous
627,404
798,710 lease of the Georgia RR. for 99 years was taken in the interest of this
company and the Louisville A Nashville, which operate it on joint ac¬
Total earnings
$8,368,493
$10,081,804 count. This company' and the Georgia RR. Co. are
owners of the
Operating expenses
5,143,276
6,378,317 Western RR. of Alabama, 138 miles, purchased atjoint
foreclosure sale in
April, 1875. The “ tri-partite” bonds were issued
Net earnings
by this com¬
$3,225,217
$3,703,4S7 pany, the Macon A Western and the Southwestern.jointly
The cei tificatesof
Per cent of oper. expenses to earnings...
63-26
61-46
debt of 1881 are in the nature of guaranteed stock aud ore
payableats
INCOME ACCOUNT FOR 1886.
option after July, 1891. The collateral trust bouds (Central Trust Co.
Net earnings
$3,703,486 of New York, Trustee) were issued in 1887; for abstract of deed and
Fixed charges
3,068,042 securities deposited see V. 45, p. 242,
From Sept. 1, 1837, to Nov. 30, 1887 (3 months), gross
earnings were
Surplus
$635,444 $2,384,170, against $2,089,736 in 1885-86; net, $1,164,011, against
-(V. 44, p 59, 184, 308, 343, 433, 525, 620, 652, 655; V. 45, p. 52, $1,007,698.
Fiscal year ends August 31; the report for 1886-7 was iu V. 45. p. 744.
239,400; V. 46, p. 38, 102,)
1885-6.
1886-7.
Cape Fear Sc Yadkin Valley.—In operation from Fayetteville, N. Gross
earniugs
$4,082,652
$4,421,680
C., to Bennettsville, S. C., 57 miles; Fayetteville, N. C., to Belew’s
2,505.874
2,441,814
Creek, N. C., 120 m.; Factory branch,1! 10 m.; total, 187 miles. Road is Expenses
projected some 250 miles additional, and is in course, of construc¬ Net
earnings railroads
$1,576,778
$1,979,865
tion by the North State Improvement Co., which Co. holds
$750,000 Net earnings steamship companies
469,451
274,194
2d mort. income bonds.
The total slock is $798,925, of which $741,900
Net bank aud investments
36,220
was outstanding April 1, 1887.
35,581
From April 1 to Nov. 30, in 1*87 (8
gross earnings wore $182,259, against $147,439 in,1886; net,
Total net income of company
$2,082,450
$2,289,641
$86,442, against $67,516. For fiscal year 1886-s7 gross earnings were Less interest and
rentals
1,361,087
$236,066; net,-$111,585; surplus over rentals and interest, $46,797.
Carolina Central.—Owns from Wilmington,N. C.. to
f
income
Excess
<
over
tixed
Rutherfordtou,
charges
$928,554
N. C.,267 miles.
Formerly Wi lmington Char A Rutherford, chartered in Dividend, 8 per cent; advances, $55,479, to Georgia RR.,
1855. Succeeded by existing company after foreclosure
deficit
on
May 3, 1873.
lease; sinking funds, $115,000
770,470
Defaulted, and receiver placed in possession April 5, 1876. Sold in fore¬
closure May 31, 1880, for $1,200,000.
In ’85-86, gross earns, $477,484;
Surplus of the year
$158,075
net, $151,752; in ’86-7, gross, $500,266; net, $183,773; surplus over
interest, Ac $39,190. Wilmington Bridge bonds, $215,000 at 7 per cent,
Dividend in 1S82-83, 8 per cent; in 1883-84, 6; iu 1884-5, 5
p. c.; in
are guaranteed by this Co. and the Wil. Col. A
Aug., and interest paid.
1886, 6 p. c.; in 1886-7, 8 p. c.
Carson A: Colorado.—(3 foot gauge.)—From Mound House Nev., tc
(Y. 44, p. 59, 18 4, 653, 681; V. 45, p. 84, 166, 178, 210, 242, 271, 400,
Candelaria, Nev., 158 miles; Junction. Nev., to Keeler, Cal., 141 miles : 744; V. 46, p. 37.)
*
,
total 299 miles. Road follows the
valleys
Nevada Mountains and may eventually
join
—
along eastern side of Sierra
Southern Pacific at Mojave.
8tock, $6,380,040 authorized; $2,760,000 issued.
II. M. Yerington,
Pres’t, Carson. Nev.
Catawissa.—Owns from Tamanend, Pa., to Williamsport, Pa., 94
miles; branch, Summit Station to Silver Brook, 4 miles; total operated.
98 miles. Leased from Nov. 1, 1872, for 999
years to Philadelphia &
Ceutral Iowa.—Owns from Albia, la., to Nortliwood, la., 189
miles; Oskaloosa to Iowa Junction, 184 miles; Grinnell A Montezuma
Branch, 14 miles; Story City' Branch, 35.miles; Newberg Branch, 27
miles ; Belmond Brancii, 22 miles ; Newton Branch, 28 miles ; leased,
Manly Junction to Lyle, 20 miles, aud tracks at Mississippi River; 3
miles; trackage, Iowa Junction, Ill., to Peoria. III., 3 mil-s; leases to
B. C. R. A N. RR. Co., Manly Junction to Northwood,
12 miles; total
BASOTNONCDKS
RAILOD
36
INVESTORS’
SUPPLEMENT.
| Vol. XLVI,
1888.J
January,
Subscribers will
confer a great favor
DESCRIPTION.
For
headings, Ac., see notes
on first page of tables.
explanation of column
Ventral Iowa—(Continued) —
Ill. Division, 1st mortgage ($16,000
1st mort. on
$6,748,000)
Central Massachusetts—Stock ($3,852,088 is pref.) .
c*
Mortgage bonds, interest guar, by B. A L
Centred of New Jersey- Stock
General mortgage, gold (reg.
Outstanding
89
97
499
1882
1882
1884
$1,000
$612,000
1886
1,000
Bonds
till 1907
124
648
97
ot N. J.
137
137
137
Central Ohio?-Stock ($391,700 of this is pref.).
1st mortgage bonds
c i 1,361
Consol. 1st inertg. (for $2,850,000), gold
Central Pacific—Stock
1 737
1st mort., gold, (2 sinking funds, $50,000 each).
138
Califor. State aid, gold (s. fund, $50,000) extend.
146
lstm.S. Joaq’n Val. Br., gld (s.f. $50,000)
737
U. S. Loan,
West. Pac.,
West. Pac.,
(2d lien on certain terms)
(incl. $111,000
Government lien
1st m., 8. f.,
Cal.<feO., 1st M.,g., guar,
reserved).
(extended in 1888)
Cal. Ar Oregon Cent. Pac., mortgage s. f
Land grant 1st mortgage bonds
1st mort. At land grant, 50-year, gold, bds.,
s.f.... c
Central of Vermont—Cons. RR. 1st mortgage
Char. Ginn. J Chicago — 1st M.,g., ($25,000 p. m.).
Charleston d. Savannah— Gen. M., $1,500,000,gold.
Charlotte Columbia d Augusta—1st mort. consol...
2d mortgage
147
123
152
14 4
483
185
115
191
191
1887
1869
1872
1874
1881
1883
127.000
1,000
3,852,000
508,000
7,245,988
2,000,000
18,563,200
28,812,500
100
500Ac.
....
1,000
1,000
100
1865-8
1864
1870
•
•
•
1,000
1,000
1,000
1,000
•
•
•
•
1,000
1,000
1,000
1,000
1.000
1.000
500 Ac.
1,000
5
A. A 0.
J. A J.
F. A A.
M. A N.
Q.-J.
1
4,261.000
12,200.000
6,000,000
2,500,000
1,081.000
2,000,000
500,000
J.
6
7
6
6
6
6
5
6
6
6
5
5
7
7
5,865,000
100 Ac.
S8-
J.
M.
J.
M.
M.
7
.
A
A
A
A
A
J.
N.
J.
S.
S.
....
g.
g.
g.
g.
payable, and by
Boston Co.’s Office.
New York,
do
do
do
do
do
Agency.
do
do
do
do
do
Balt., at B. A O. office.
do
do
do
do
N. Y. A San Francisco.
A J. N.Y.,So. Pac. Co., Office.
do
do
A J.
do
do
A O.
U. 8. Treasttrv.
A J.
A J. N.Y., So.Pac.Co., Office.
U. S. Treasury.
J. A J. N.Y., So.Pac.Co., Office.
New York A London.
J. A J.
do
do
A. A O.
A. A O. N. Y. A San Francisco.
J. A J. Bust.,Am. Loan ATr.Co.
Best. Safe I>. A T. Co.
Q.-J.
J. A J. Charleston A New York.
J. A J. N.Y., First National Bk
do
do
A. A O.
J.
J.
A.
T.
J.
.
g.
g.
g.
g.
g.
g.
St ocks—Last
Dividend.
Whom.
1924
1912
June 1, 1924
Last paid April, 1884
Last paid April, 1884
A D. '** coups, pd. to June,’88
A. A 0.
A. A O.
4"1* g.
284,000
6,080,000
25,883,000
2.735.000
1,970,000
6,000,000
....
•
1869
1809
1868
1S72
1870
1886
1883
1887
1886
1869
1872
Where
Payable
6
6
5 g.
7
7
7
5
6
3
6
4,059,000
5,000,000
677,000
2,704,250
1,842,000
1,000,000
68,000,000
25,885,000
1,000
When
1^
5,000,000
1,283,000
1,000
1,000
1,000
1,000
50
1886
Rate per
Cent.
1,000
* 74
74
1st mortgage
bds., eonv. into stock
pal,When Due.
Amount
par
Value.
Q.—J.)
bonds
(convertible Nov., 1875 to 1877)
Consolidated mortgage
Am. Dock & lino.Co. new M. bds., guar. C.
•
Size, or
'
ot any
error discovered in these Tables.
Bonds— Princi¬
INTEREST OR DIVIDENDS.
by giving immediate notice
Date
of
Bonds
branches ($12,000 per mile)
ar
BONDS.
AND
Miles
of
Road.
p. m.)....
Consolidated mort., gold (for
Car trust cert ilie at es
Debenture
STOCKS
RAILROAD
Oct.
i, i906
July 1, 1987
Feb. 1, 1890
Nov. 1, 1902
July 1. 1899
July 1, 1921
Mayl, 1908
Feb. 1, 1888
Sept., 1890
Sept. 1,1930
Feb. 1,1888
1895 to’98
July 1, 1888
Oct. 1, 1900
1895 to '98
July 1, 1899
1899
Jan. 1, 1918
Jan. 1, 1892
Oct. 1, 1890
Oct. 1, 1936
July 1, 1913
July 1, 1947
Jari. 1, 1936
Jau. 1, 1895
Jan.
1, 1910
■.
opened in
operated, 513 miles. Chartered as Central RR. of Iowa and
1871. Reorganized under present title June 18, 1879, after foreclosure
sale under tirst mortgage.
The stock is $9,200,000 common; 1st preferred, $907,000, and 2d pre¬
branches,
08
miles; Stockton
Ac Copperopolis
Railroad, 49 miles;
1887, 1,340 miles. In connec¬
forms a continuous
(1,018 miles), which
was opened May 10, 1869.
In Dec., 1887, the Cal. Ac Oregon line was
ferred. $1,167,800. First pref. has prior right to 7 per cent (non-cum.); completed to a junction with Oregon Ac Cal.
then 2d pref. entitled to 7 per cent.
In March, 1885, the Central Pacific lines were leased to the Southern
In October, 1881, default was made in payment of interest.
In May, Pacific
Company, and the previous lease of the Southern Pacific Railroad
1887, a new plan of reorganization was made. See V. 44, p. 653. Fore¬ to Cent. Pacific was relinguished to the same company. The Cent Pacific
closure sale was made on Sept. 17. 1887, of the Eastern Division and receives all its net surplus income above annual charges of every sort and
branches to James Thompson of New York for the Reorganization Com¬ betterments, and a minimum rental of $1,200,000 and a maximum of
mittee; the mam line was sold Nov. 9 to same parties, and the Illinois $3,600,000 (payable annually on May 1), is provided for by tho lease,
division will probably lie sold in Feb., 1888. Bonds are deposited with but this rental is first applicable to the payment of Cent. Pac. floating
Mercantile Trusr Co. preparatory to reorganization. Stock pays an debt, if any, and no dividends were paid under the lease on Ceut. Pao.
assessment of 5 per cent on 1st pref , 10 on 2d pref. and 15 on common.
stock till Feb., 1888. when 1 per cent was paid. The total floating debt
In Dec., 18 -6, Mr. Ethelbert L. Dudley was appointed receiver.
480.)
Dec. 31. 1886, was $3,276,101.
(See abstract of lease, V. 40,
The fiscal year ends Dec. 31. The income account was as follows :
The Charter, Leases, AcO.—The C. P. was a consolidation (Aug. 22,
INCOME ACCOUNT.
1870) of the Central Pacific (organized Oct. 8, 1864), California &
1884.
1886.
1885.
Oregon, San Francisco A Oakland, San Francisco A Alameda and San
Gross earnings
$1,418,259
$1,307,371 $1,305,931 Joaquin Valley railroads. The act of Congress of July 1, 1862, granted
S. bond subsidies ami lands to the Pacific railroads; the act of July,
$409,800
Net earnings
$323,894
$153,503 U.
made the lien of the Government subject to that of tho tirst mort¬
563,687
630,000 1864,
Int. Oil bonds, car trusts,&c
466,998
gage bonds, but authorized the Government to withhold one-half the
for transportation on its account, and also to receive 5 per cent
Balance
Def. $57,198 Def. $239,792 Def. $477,000 charges
of the net earnings; the “Thurman” act of May 8, 1878, directed that
—(V. 44, p. 117.211. 551,633.712; V 45, p. 142, 239, 303, 304. 373,
the other one-half of charges for Government transportation should be
400. 437, 538, 641, 672, 696, 886.)
withheld, and also that the company should pay $1,200,000 yearly to
Central fflawsaclm setts.—Formerly the Massachusetts Central
the Government for the siuking fund of its debt or as much thereof as
gold in foreclosure 8cpt. 1, 1883. Road from Boston to Northampton,
j shall make the 5 per cent of net earnings, plus tho whole transportation
Mass., 104 miles. In Sept., 1886, leased to Boston A Lowell for 99 account, equal 25 per cent of tho whole net earnings for the year. The
years at a rental of 20 per cent of gross earnings up to $1,000,000, but
leases are numerous and mostly for short dates, and the terms of each
with a guarantee of sufficient rental to pay interest.—(V. 43, p. 274, in brief were stated in the Chronicle, V. 37, p. 47.
367,508, 579; V. 45, p. 642.)
There was paid to tho stockholders of the Oregon & Cal. RR. 80,009
Central of New Jersey.—(Nee Mop;-Owns 269 miles, leases 264 shares of Centr il Pacific stock for their O. Ar C. stock, bringing that
miles and operates 116 miles; total, 648 miles, not including the property in'o the Central Pacific.
(See O. Ar C. in this_Sui*i*LEMENT.)
Stock and Bonds—The following dividends oil Central Pacific stock
“Switch-back,” 18 miles. The principal leased lines in Pennsylvania
are the
Lehigh A Susquehanna and the Lehigh A Lackawanna, with word paid, viz.: In 1877, 8 per cent; 1880, 6 per cent; 1881, 6 ; 1882, 6 ;
their branches, Ac. Under the lease of 1883 to Philadelphia Ac Reading 1883. 6; in 1884, 3; and in Feb., 1888, 1 percent. Prices of stock
In 1880, 63«971e; in 1881,
the minimum rental ol Lehigh Ac Susquehanna was made $1,414,400 since 1879 have been:
and maximum $1,728,700 till 1888; then $1,885,800 till 1893, and in 1882, 82%@97*8; in 1883, 61 a>88; in 1884. 30 ©07^; In ’85,261*049;
after that $2,013,000. A majority of the Lehigh At Wilkesbarre Coal in '86,38 351; in 1887, 281e3433e; and in 1888 to Jan. 20, inclusive,
Company’s stock is held by- Central of New Jersey, and of the 30^iW331*. Most of the issues of bonds have sinking funds, as
$11,500,000 Lehigh At Wilkesbarre Coal bonds, $6,116,000 are held semi in the table above, and these sinking funds are invested mainly
by Central of New Jersey and receive interest after all other bonds in the bonds of other Huntington lines and accumulate; the bonds
arc satisfied. -The entire capital of the American Dock At Improvement
The sinking funds amounted Jan. 1,1887, to $9,543,are not called in.
Company is owned by the railroad company, and the right exists to 023. The land grant bonds are retired with proceeds of land sales. In
Oct., 1886, the land grant and mortgage 50-year bonds (W. E. Brown
purchase the, bonds by lot at 110.
On June 1. 18^3, the road was leased to the Phila. At Reading RR.
and
Frank S. Douty, trustees) w**re created for an authorized
Co., but on Oct. 15, 1886, Messrs. J. 8. Kennedy and Joseph S. Harris amount of $16,000,000, and t!ic income bonds and S. F. Oak. & A.
were appointed receivers;and took possession .Tan. 1, 1887, remaining
bonds have been mostly exchanged therefor. (See V. 45, p. 179, 241.)
in till Jan., 1888. when the road went hack to its owners.
The Land Grant.—The total land granted the Central Pacific and the
In June, 1887, a plan for complete readjustnu nt of the debt was pro¬
California At Oregon companies was about 12,000,000 acres, of which
posed, under which the gold mortgage for an authorized amount of about 2,240,000 acres had been sold to Dae. 31,1886. In 1886, 281,6 23
$50,000,( 00 was issued,
gee abstract of mortgage V. 45, p. 402. acres were sold for $292,624 and $367,614 cash was received by tho
The lull statement of the company’s proposal to each class of debt,
Land Department. Land contracts on Hand Jan. 1, 1887, $1,116,658.
with status, Ac., Was given in V. 44, p. 714, 716, and the receivers’ re¬
Operations, Finances. Ac.—The Central Pacific Railroad had a strict
port at length in V. 46, p. 41.
Operations for 18s7. December being partly estimated, showed the monopoly of business in the territory occupied by it, and for many years
following earnings and fixed charges (this Is upon the basis of old fixed was able to control the traffic. The C. P. stock after paying dividends
charges prior to the reduction of about $335,000 per annum under the for a few years ceased to pay after February, 1884. In 1885 the road
was leased, as above, to the So. Pacific at a net rental guaranteed of
recent reorganization)
Increase. Decrease. $1,200,000 per year, subject to the debts duo the lessee company.
1886.
IS 87.
Earn ings from—
$6,660 The Central Pacific balance sheet of Dec. 31, 1886, gave the following
$2,214,608 $2,221,268
Passengers
$650,464
items of floating debt, viz : Southern Pacific Co., $822,036; trustees
2,835,559
3,486,024
Freight and express....
252,652
of hint grant mortgage. $1,413,361; sinking fund suspense, $986,995.
5,180.590
5,433,243
Anthracite coal.
513
24,047
23,533
Assets, including cash, $951,247 and $756,932 due from the United
U. 8. Mail
Miscellaneous
Totals
....
Operating exp. A taxes.
Net earnings
Fixed charges
Surplus
371,177
110,247
481,424
$511.528.587 S10.742.K91
$7 85,696
e',284,098
135,964
$4,458,793
4,543,361
$649,731
6,420,062
$5,108,525
4,581,704
$526,820
Deficit
—(V. 44, p. 21, 275, 362, 466,
45, p. 25, 112. 1 13. 135, 166,
855; V. 46, p. 37, 41.)
$1,969,725—net floating debt, $1,306,375.
1 to Oct. 31 in 1887 (10 months), gross
earnings on 1,410
$11,190,643, against $9,940,703 on 1,331 miles in 1886; net,
$5,321,396, against $5,257,988 in 1886; surplus over interest, rentals,
Ac.. $’>64,985 in 1887.
The annual report for 1886 showed gross earnings $15,206,137; net
profit due Central Pacific Railroad under the lease $1,324,998.
-(V. 44, p. 59, 118, 148, 400, 459, 553, 781, 782; V, 45, p. 52, 142, 166,
178, 179, 241, 310, 400, 472. 613, 743, 819, 855; V. 46, p. 37, 38.)
miles were
38.343
$84,568
808 ; V.
271, 304, 402, 509, 572, 613, 696, 705,
525, 544, 620. 712, 714, 716, 781,
Ohio
Central Olilo.—Owns from Bellaire, Ohio, to Columbus,
137 miles. Chartered in 1847 and opened in 1854. Reorganized in
1865. Leased to the Baltimore Ac Ohio, for 20 years, Nov. 11, 1866;
rental. 35 per cent of gross earnings. Feb. 23, 1880,
was
extended to Dee. 1, 1926, with the option of renewing for terms
of 20
perpetually. The consol, mortgage (Mercantile Trust A: Deposit
Company of Balt ., trustee.) is for $2,850,000 at 4*e per cent, running till
1930; the Baltimore •& Ohio Companjr received $1,000,000 of these
years
bond for improvements oil tho Central Ohio.
In 1886-87 gross earnings,
$1,283,526; net, $530,368. The road between Newark Ac Columbus
(33 miles) is owned jointly with the Pittsb. Cin. Ac St. Louis RR. Co.
Central Pacilic.—(See Map of Southern Pacific.)—Iase of Road—
—Main
line—San
Francisco, C’al., to Ogden, Utah, 883 miles,
States,
From Jan.
$611,383
the lease
total operated and accounted for Jan. 1,
tion with the Union Pacific, the Central Pacific
line from San Francisco, Cal., to Council Bluffs, la.
organized in April,
road of its own, but
The Consolidated RR. of Ver¬
Vermont Cen¬
leased to the Cen¬
$750,000 pre¬
The stock of the
under lease
Vt.—Windsor to Rouse’s
Point, 158 miles; Essex .Tunc, to Burlington, 8; Swanton June, to
Province Line. 11; Rutland RR.—Bellows Fall3 to Burlington, 120;
Addison RR.—Leicester June, to Tieonderoga, 16; Montreal A Vt.
Junction—Province Line to St. Johns, 26 ; S. S. A Chambly RR.—S. 8. A
Central or
Vermont.—This company was
1873, under a charter from Vermont.
It lias no
operates a large mileage under lease.
mont was organized Juiy 1, 1884, embracing the former
tral and Vermont At Canada properties, and was then
tral Vermont. The stock of the Consolidated Vermont is
ferred
6 per cent
and $300,000 common.
Central
Vermont is $1,000,000, and it operates
the
RR, of
following roads: Consol.
Champlain RR.—Rouse’s Point
A Northern RR.—Brattloboro to
C. June, to Waterloo, 41; Ogd. A Lake
to Ogdeusburg, 118; New London
28
INVESTORS’
Subscribers will confer
a
DESCRIPTION.
first page of tables.
Date Size, or
of
Par
Road. Bonds Value.
r0f
Charlotte Columbia d Augusta—(Continued) —
Columbia A Augusta 1st mortgage
Consol, mortg., gold (for $3,000.000)
«...
Chalt.Borne d Col.—1st,g.($2,240,000).$16,000p.m.
Ohavtiers— 1st mortgage
Chesapeake d Nashville—1st mart., g.,$25,000 p m.
Chesapeake d Ohio— Pureh. money funding bonds...
1st mortgage, gold, series “A”
do
do
do
do
44 B”
4 B,”
Deferred interest, scrip
ext’d at 4 per ct.
2d mortgage, cur. (interest in stock or cash)
1st mortgage, gold, of 1911, Peninsula Extension
1st mort., gold, of 1922 ou extern (for $3,000,0u0)
Equipment trust bonds
Ches. Ohiod Southwest.—1st M., gold ($19,000 p. m )
2d mortgage ($11,000 per mile)
c*
Paducah A Elizabethan, 1st M. ($300,000 are 8s)
Equipment trust bouds for $2,ooo,o0o
Cheshire—StoeK, preferred
140
23
35
428
503
428
426
428
75
....
353
351
186
....
6i
Bonds, not mortgage
Chicago d Alton—Common stock
Preferred st’ek (7 p. c. y’rly not cum illative)
....
1
Gen. mortgage, sterling, for £900,000
1st mortgage
Joliet A Clue., 7 per cent, stock, guar, by C. A A.
Bt. Louis Jacksonville A Chic., 1st mortgage
do
do
1st M. end. by Chic. A Alton
do
do
2d M. endorsed by C. A A..
do
do
2d mortgage (convertible)
La. A Mo., 1st M. ($439,100 assumed by C. A A.)
2d M. (int. guar. C. A A.)
do
do
guar. pref. stock
Bonds for K.r.st.L.A C. list mort. as collateral).
850
850
322
220
33
150
37
1865
1883
1887
1871
1>87
1878
1878
1378
1878
....
....
1873
1862
....
150
101
101
162
1873
....
1,000
1,000
1,000
100 Ac.
100 Ac.
100
500 Ac.
100
100
1,000
1,000
100
1,000
1,000
1,000
1,000
1,000
1,000
2,267,000
2,000,000
5,662.000
9.338,000
1,139,891
10.106,189
2.000,000
Dividend.
500.000
756,000
2,100,000
80U.000
14,110,800
3,479,500
4.379,850
2,383,000
1,500,000
2,365,000
564,000
earnings,
earnings, $137,234; net, $45,556. Capital
was paid March 1, 1887;
Chattanooga Home A: Columbus.—Owns from Rome to Cedartown, 22 miles; in progress, Chattanooga to Carrollton, 140 miles iu
all. This company is successor to tin* Rome A Carrollton RR.
There
are 6 per cent income bonds, nou-cumnl itive, for
$! ,400,000, and stock,
$2,800,000. Of the 1st mortgage bonds $150,000 are held to retire that
amount of Rome A Carrollton prior
bonds outstanding. J. C. Clem¬
ents, President.
g.
-
g.
g.
g.
g.
g.
g.
g.
g.
8
.
1,
188,000
44,000
1,785,000
300,000
J. A'J. N. Y.
Company’s Office. Julv 1, 1918
A. <ta 0.
do
do
Jan. 1, 1911
J. A D.
do
do
June 1, 1922
Various
do
do
Various.
F. A A. N. Y., 52
Exch’ge Place. Aug. 1, 1911
F. A A.
do
Feb. 1, 1911
do
F. A A.
do
Feb. 1. 1897
do
J. A J.
do
do
Yearly to 1892
J. A J.
Jan. 10, 1883
Keene, N. H., Office.
J. A J.
Boston, Office.
July 1,’96A’98
Q. -M. y N.Y.,JohnPatonACo. D6c. 1, 1887
Q.-M. 1 and Chic. Treas.Office Dec. 1, 1887
J. A J.
Lond’n,J.8.MorganACo. July 1, 1903
J. A J. N. Y., John Paton A Co.
Jan., 1893
N. Y. U. S. Trust Co.
Q.-J.
Jan., 1888
A. A O. N. Y., John Paton A Co.
April. 1894
A. A O.
do
do
April 1. 1894
J. A J.
do
do
July. 1898
J, A J.
do
do
July, 1898
F. A A.
do
do
Aug., 1900
M. A N.
do
do
NovT 1, 1900
F. A A.
do
do
Dec. 1, 1887
M. A N.
do
do
May 1. 1903
.
g.
7
7
7
7
7
7
.
329,100
First dividend. 2 ha per cent,
another of 2U> per cent Get. 1, 1887.
6
6
6
6
6
6
6 A
6
3
6
2
2
6
7
1,133.000
6,176,000
2,895,000
2,492,000
g.
J. A J.iNew York, 1st Nat. Bk
Jan. 1, 1890
J. A J.
New York Agency.
July 1. 1933
M. A S.
New York.
1937
A. A O. Philadelphia, Penn R.R. Oct,
1, 1901
F. A A. tN.Y.Gllice,Mil 1 s B’lding Aug. 15.
1937
J. A J. N. i Oilice,Mills B iding July 1, 1898
A. A O.
do
do
July 1, 1908
M. A N. May, ’87. last
pd.i;{ cash Julv 1, 1908
M. A N. N.Y.,
Company’s Office. J.ily
1986
....
142,000
100
Charlotte Columbia Sc Augusta. — Owns
from Charlotte*
N. C., to Augusta, Ga., 191 miles.
Leases Atl. Tenn. A O. RR.,
Charlotte to Statesville, 44 miles ; Clieraw A' Chester, 29 miles;
and Chester A Lenoir, 109 miles. The Charlotte Col. A
Aug. was a consoli¬
dation (July 9,1869) of the Charlotte A South Carolina and the Columbia
& Augusta. The road has been under the control and
management of
the Richmond A Danville since 1878, and in May, 1886, was leased to
said company. There were a’s;> outstanding S
pt. 30, 1887, $99,252
certificates of indebtedness. None of the new consol, bonds had been
issued to Nov. 15, 1887. From Get. 1 to Dec, 3L in 1887
(3 mos.) gross
earnings wen* $288,738, against $244,437 in 1889; net, $162,233,
against $126,006. In year ending Sept. 30, l*-87, gross eamiugs were
$s20,110; net over expenses and taxes, $304,246; surplus over inter¬
est and rentals, $43,854.
Gross, 1885-86, $78-\759; net, $257,767;
deficit after all interest and rentals. $1,551. Stock, $2,578,000.
Chartiers.—Owns from Mansfield, Pa., to Washington, Pa., 23 m.
Sold under foreclosure, aud reorganized in 1867. Leased for 99
years
from January L, 1872, to the Pittsburg Cincinnati A St.
Louis; the
rental is net earnings. Gross earnings in 1886,
$2 L7,044; net
-
500,000
875,000
1.000
Charleston <5c Savannah.—Owns from Savannah, Ga., to Charles¬
ton Junction, S. C., 104 miles; operates—Ashley River branches, 4 miles;
Charleston Junction to Charleston. 7 miles; total, 115 miles. This was
first the Chari. A Sav. RR.; reorganized in 1866 under name of Savan¬
nah & Charleston, and opened March, 1870.
Sold in foreclosure June
7,1880. aud present company organized.
Stock, $500,009.' In addi¬
tion to the gen. mort. b< lids, there are $1,009,000 1st pref. income 7s
and $1,000,000 2d prof, income 7s.
Earnings, gross in 1885, $153,799 ;
net, $85,216.
In 1886, gross, $182,895; net, $72,418. II. B. Riant
President, New York.
gross
(0
1.000
45, p. 613.)
Stock, $647,850.
Whom.
|.
7
6
5
7
5
6
6
6
4
Nil.
1,000
New London, 121 ; Biattleboro A Whitehall RR.—Brattleboro to London¬
derry, 36; Montpelier A White River RK.—Montpelier to Barre, 7; Mis.
eiequoi A Black River RR,—Eastmans to Bolion Centre, 10 ; total, 672 m
In 1886-7 gross earnings, $4,481.607; net
earnings, $1,318,675.
rentals and taxes, $612,532 ; int., $600,637; real estate purchased,
$9,1
669; balance, $86,835.—(V. 43, p. 274,308; V. 44, p. 4'33; V. 45, p. 512.)
Charleston Ciiicimiati A: Chicago.—(See Map.)—This road is
being built by the Mass. A Smith. Construction Co. from Charleston,
8. C., through the States of South Carolina, North Carolina. Tennessee.
Virginia and Kentucky, to Ashland, on the Ohio River; 45 miles be¬
tween Rutherfordton, N. C., and Black Station, S. C., on the R. & D.
Air Line, were completed and put in operation on April
18, 1887, aud
105 miles between Black’s Station, S. C.. and Canid* n, S. G\, are under
construction.
Ou Aug. 2, 1887, the company voted to take
up aud
cancel the bonds issued under a mortgage dated Oct. 1, 1886, and to
issue the above bonds, covering the whole line'of road from Charleston
to the Ohio River. The counties, towns aud townships
through which
the roiid runs have already voted aid to the amount of about $
l ,509,000, payable in their 6 and 7 per cent bouds. in exchange for an equal
amount of stock. These subscriptions are payable as the road is t o npleted. General otliees of the companv, 45 Broadway, New York.—(V.
$121,978; in 1885.
pal,'When Due.
Where Payable, and by Stocks—Last
Rate pci* When
Cent.
Payable
$189,500
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
....
Outstanding
*
1831
1864
1864
1868
1868
1870
1877
37
$....
100 Ac.
’76-’78
Amount
'
1878
1682
Var.
1881
1881
1877
1882
Bonfds—Princi¬
INTEREST OR DIVIDENDS.
Miles
""
do
do
[Vo:. XLVI.
great favor by giving immediate notice of any.error discovered In these Tables.
For explanation of column headings, Ac., see notes
on
SUPPLEMENT.
3Lj
6 g.
surplus; then 2d pref. to receive 6 per cent. The Ches. A Ohio guaran¬
tees $700,000 bonds for a grain
elevator, but in case of paying them will
take the elevator.
In May, ’85, the company paid in cash one-half of the
coupon falling
due aud the same in Nov.. ’85 and ’86, but
paid only one-third iu cash in
May, L886, and again in May, 1887—the balance of each coupon was
paid in scrip. In Nov., 1^87, paid nil.
In August, 1886. Mr. Huntington issued a circular
proposing that the
“B” bonds should have interest reduced to 4
per coat aud the principal,
exteuded to 1986, the holders
receiving a bonus of 25 per cent in New-port News A Miss. Valley Co’s stock ; the holders of currency bonds
were also asked to surrender their bonds in
exchange for 125 per cent
in said stock.
(Sec V. 43, p. 152 aud 514.)
Ou Get. 28, 1887, W. C. Wickham, the
Vice-President, was appointed re
cciver of the company on a suit by Mr.
Huntington. (See V. 4i. p 572.
From Jan. 1 to Oct. 31,1887 (10 mos),
gross earnings were
$3,687,228,
against $3,397,316 in 1-86; net, $1,163,227, against $1,044,515.
The annual rep n*t for 1886 was iu the Chronicle. V.
41, p. 465.
Earnings and expenses have been as follows since 188 4:
Years.
1884.
1885
1886
Gross
Earnings.
$3,538,604
Op’g Expenses. Net Earn’gs.
$2,409,744
$1,038,860
3,361,235
2,465,812
h 95,423
4,096,048
2,977,208
1,118,840
—(V. 44, p. 90, 91, 344, 465, 551, 781, 808; V. 45, p. 54, 142, 509, 572,
613, 611, 672, 792.)
Chesapeake Ohio A; Southwestern.—(Sec Map of Newport News
Mississippi Valley.- Owns from Elizabethtown, Ky., via. Paducah, to
Memphis, Tenn 352 miles; leased, Ceeilian branch of Louisville A
&
,
Na.-hville, 47 miles. Total operated, 398 miles. In Feb., 1886, leased
to the Newport News A Mississippi
Valley Company for fifty years. The
company purchased the Memphis Paducah A Northern—Paducah to
Memphis—and the Paducah tte Elizabethtown, subject to the $500,000
mortgage on the latter, and leased in perpetuity the Ceeilian Branch of
Louisville A. Nashville, from Louisville to Ceeilian Junction, for $ 10,000
per annum, witu option.of purchasing it for $1,000,000.
.Stock—Com¬
mon. $6,030,600, and preferred,
$3,696,000.
From Jan. 1 to Nov. 30 iu 1887 (it mo
nibs),.gross earnings were
$1,798,517, against $1,548,450; net, $73 4,113, against $580,369.
The annual reports have shown:
1884.
Gross
earnings
$1,571,155
Net earnings
1865.
$339,951
621,180
Interest, rentals, taxes, Ac
1686.
$1,713,326 $1,717,909
$502,531
631,929
,$'156,525
67 L,620
Balance, deficit
$281,229
$132,389 ill’. $16,095
-(V. 44, p. 99, 20.4, 344, 750.)
Cheshire.—Owns from South Ashburnliam, Mass., to
Bellows
Falls, Vt., 54 miles; leased, Monaduock Railroad, Wmehemlou to
Peterboro, N II., 16 miles; and 10 miles Vermont A Mass; total 80
miles; blit the Monaduock, 16 miles, is not included iu the Cheshire
earnings, leaving 64 miles operated.
$51,000 rental paid to Vt. &
Mass, for leased portion of road. Capital stock—common, $53,300, and
preferred, $2,100,000. Consolidation with Fitchburg is proposed by an
oxehaugo of stock.
Iu year ending Sept. 30, ls87, gross receipts
were $670,830 ; net. $168,190; deficit
afterpayment of interest and 6
per cent d.vidends, $5,511. In 1885-86, gross $628,072; lief., $234,439;
surplus over interest, rentals aud 5 per cent dividend on preferred
stock $29,711, against $45,410 in 1884-35 over a 3
per cent dividend.
—(V. 45, p. 672, 820.)
Chicago Sc Alton.—Line
of
Road—Joliet
to
East
St.
Louis
(main), 244 miles; Branches—To Coal City, 30 miles; Dwight to
Chesapeake A: Nashville.—Road owned from Gallatin to Scotts
Washington A Lac’n, 80 miles; Rood house to Louisiana, 38 miles;
ville, Tenn., 36 miles, aud branch, Gallatin to Ilartsville, 12
miies, in Upper Alton line, 3 miles. Total owned. 400 miles.
progress. Construction of the Northern Division, from Scottsvillo to
Leased—Chicago
to Joliet, 37 miles; Bloomington to
a point near Danville, Ky., about 109
Godfrey, 150 miles; Louisiana
miles, awaiting further survey.
to Cedar City, 101 miles; Kansas City to Mexico, 162 miles.
Total
Chesapeake A: Ohio.—(Noe Map of Newport News d
-leased, 450 miles. Total operated, Dec. 31, 1886, 8 49 miles.
Valley.)—Owns from Newport News, Va., to Big Sandy River, Mississippi
W. Va., 502
Organization, Leases, Stocks and Bonds.—Chartered as the Chic.
miles; Ncwort News
to Phoebus. S in.; total owned, 511
m.; operates
Consolidation of Virginia Central and Coviugton A
Ohio,
opened through March 1, 1873. The present company was
organ¬
in July, 1878, as successor of the
Chesapeake A Ohio, which was
uuder foreclosure April 2, 1878. The
Elizabethtown Lexington A
Sandy Railroad connects ou the west with the C. A O., and extends
'only 502
and
ized
sold
Big
to
m.
Lexington, Ky.
In June, l*s30, this road
*
was
leased
to
the Newport News A Miss. Val¬
ley RR. Co. for 250 years, the lease being an operating agreement with¬
out obligation on the lessee to pay interest if
earnings'are deficient.
The stocks including scrip
outstanding were as follows Sep;. 30,
1887; Common. $15,956,138; preferred stock—first,
$8,447,80); second.
$11,594,000. The second mortgage currency bouds receive interest iu
cash, if the earnings are sufficient, but “all interest not
paid in cash
to be paid in 2d pref. stock.”
The holders of first mortgage “B ” bonds
cannot foreclose till six successive
coupons are in default; the series
“A” bonds, secured under the same
mortgage, have no legal preference
by it over the 4 B” bonds. The mortgage bonds of 1882 for $3,000,000
are secured oil road from
Newport News to old Point Comfort, Va., and
terminal works ; and on a branch to be built iu West
Va. from Scary
Creek to the Ohio River. (See an abstract of the terms
of mortgages in
V. 45, p. 54.) First preferred stock has
prior right to 7 per cent from
A Miss., Feb. 27, 18 47; reorganized uuder act of Jan.
21, 1857, as
Chic. Alton St. A Louis, and uuder act of Feb. 16, 1861, the
present
corporation succeeded to the property, which was sold under fore¬
closure in the following year and transferred to new
organization in
October, 1362.
Chicago and St. Louis were connected by tin* present
in
1861.
line
The annual meeting is held the first
Monday in April.
The Joliet A Chicago is leased from
January 1, 1864, for the
term of its charter, and forms part of the main line.
Rental, 7
per cent on stock.
The St. Louis Jacksonville A Chicago was
leased in perpetuity from April 30, 1863, at a rent a'
equal to 40 per
cent of gross earnings until the amount reached $700,000, with a mini¬
mum of
$240,000 a year, and the company in 1334 was merged with
Chicago A Alton and its stock exchanged for C. A A. stock. (See V. 38,
p. 455.) The Louisiana A Mo. River RR. is leased for 1,000 years. Rental,
35 per cent of gross earnings, but interest
guaranteed on second mort¬
gage bonds and $329,100 pref. stock; the other pref. stock is $1,010,000 aud common $2,272,700; net rental in 1836, $186,279;
surplus
above charges, $35,261, applied to floating debt;
floating debt unpaid
January 1, 1837, $128,357. The Kansas City St. Louis A Chicago is
leased to the Chicago A Alton company in perpetuity from Novem¬
ber 1,1877. at a rental of 35 per cent of gross
earnings. The bouds are
held by U S. Trust Company as security for the
Chicago A Alton
30
INVESTORS’
Subscribers will confer
a
DESCRIPTION.
For explanation of column
on first page
Vol. XLVI.
great favor by giving immediate notice of any error discovered in these Tables.
Miles
headings,
of tableB.
SUPPLEMENT.
Date
of
of
Ac., see notes
Road. Bonds
Size,
or
Par
Outstanding
Value.
Boiid s—Princi¬
INTEREST OR DIVIDENDS.
Amount
Rate per
Cent.
When
Where Payable, and by
Whom.
Payable
,
pal,When Due.
Slocks—Last
Dividend.
Chicago dk Alton— (Continued)—
Preferred'stock, K. C. St. L. A 0.,
guar.
C. A A
Mississippi Riv. Bridge st’k (7p. c. guar, by C AA.)
on Miss. Riv. Bridge, 1st mort., gold
Chicago <£• Atlantic—1st mort., gold, $ or £
C. A A. bonds
2d mortgage (for
$5,000,000)
Chicago Burlington d. Northern.—Stock
1st mort. (redeemable at 105)
Ten-year debentures
Chicago Burlington d Quincy-—Stock
1877
1881
1883
....
249
249
360
360
4,036
Plain bonds
e*
Sink fd. bonds (for Albia Knoxv. A D. M. roadb.c
Nebraska extension siuk’g f’d b’ds
e»tr
Dixon Peoria A Hannibal, 1st
c*
Ottawa Oswego A Fox River, 1st
c*
Illinois Grand Trunk, 1st mort
c*
Quincy A Warsaw. 1st mort
e*
S. fund bonds (St. L. R. T. A Chic. mort. oollat )..c
Quincy Alton A St. L. (leased), 1st mortgage
c
Burl. A Mo. Itiv., 1st on r’d A400,000 acres land).c
do
1st M. conv. bonds, (5th A 6th series)
Burl. A Mo. eons. M. l.gr. (s.f.$180,000) dr’n at 100
do
Omaha A 8.W., 1st M., gu. (drawn at 100)
Burl. A Mo. bonds, s. f. for Atch. A Neb. RR. stock
Nebraska Railway consol, mort., guar
of
....
1886
1886
....
Consolidated mortgage (for $30,000,000
c*
Trust mort. Iowa, dr. at 100 A 105 (s.f. l^p.cj.c&r
Bonds Denver extern, d awn at DO (s.f. i p. c. ).c
Bonds forBur A S W„ drawn at 100 (s. f. 1 p. c.L.c
Debenture bonds for Han. A St. Jo. stock
c*
North Cross R. R. 2d. M (now 1st), g.,s.f.,$50,000
Trust mortgage (Burlington to Peoria)
c
bonds
$100
....
825
790
....
....
....
100
96
33
45
70
48
40
270
46
281
40
628
49
i.33 |
1,000
1,000
1,000
100
500 Ac.
.
.
9,000,000
2,250,000
100
76,390,505
1,000
13,986,000
12,302,000
.
1873
1879
1882
1881
1883
1860
1864
1872
1875
1887
1869
1870
1870
1870
1876
1876
1863
’69-’70
1878
1871
1880
1877
1,000
1,000
7,968,000
1,000
4,300,000
9,000,157
391,000
653,000
547,500
373,000
20,000,000
1,000
....
1,000
1,000
1,000
1,000Ac
500 Ac.
545,500
1,076.000
1,000
500Ac.
890.500
1,000
1,000
720,000
2,325,000
1,000
50 Ac.
500 Ac.
600 Ac.
810,000
4,170,550
1,000
1,000
1,000
1878
issued to build this road, and a sinking fund of
annum provided for their redemption.
Should the 35 per
cent be more than sufficient to pay bond interest and 7 per
cent on
the stock, the excess is to go to tlie lessees. Common stock, $271,700,
all owin d b3’ C. A A. The Mississippi River Bridge is leased in
per¬
petuity from December 3, 1877, at a rental equal to 7 per cent on $300,000 stock and 6 per cent on $700,000 bonds.
The Chic. A Alton preferred stock has prior right to a lion-cumulative
dividend not exceeding 7 per ct. from net earnings, and (after payment
Of 7 on common) also shares with common in any surplus.
Brices of
Stock have been as follows: Preferred in 1881, 140® 153; in 1882,
$60,000 per
-
5**'
6
2
7
4A 5
4
4
5
4 g.
7
7
5
4
8
8
8
8
5
5
669.000
7
8
6
8
3.347,000
4
385,000
7
224,500
12,790,600
|
1*2
3in
6
6 g.
6 g.
9,000,000
1,009
"
.
$1,750,000
300,000
665,000
6,500,000
2,500,000
....
Q.-F.
N. Y., John Paton A Co.
J. Chic., Treasurer’s Office
O. N. Y., John Paton A Co.
N. Last paid May 1,1884
A.
None paid.
1887
Jan., 1888
Oct. 1, 1912
Nov. 1, 1920
Aug. 1,1923
A. AO. N.Y. ABost., Mer. N. Bk.
J. A D.
do
do
Q.-M. Boston and New York.
J. A J. N. Y., Bk. of Commerce.
A. A O.
do
do
F. A A.
do
'
do
M. A S.
do
do
M. A N.
do
do
J. A J.
Frankfort.
A. A 0. N.Y., N. Bk. of Com’rce.
J. A J.
Boston, Co.’s office,
J. A D.
do
do
M. A N.
N. Y. and Boston.
J. A J. N.Y., N. Bk. of Com’rce.
J. A J. New York and Boston.
A. A O. Boston, C. B. A Q Office
J. A J. N.Y.,Farmers’ L.AT.Co.
A. A O.
Boston, Co.’s Office.
F. A A. N.Y.,Farmers’ L.A T.Oo.
A. A O. N.Y.A Bost,,Co.’h Office.
J. A J.
do
do
J. A J.
do
do
J. A D.j
do
do
J. A J.
do
do
A. A 0.!
do
do
April 1, 1926
J.
A.
M.
F.
A
A
A
A
1
Nov. 1,
Dec. 1, 1896
Dec. 15,1887
Julv 1, 1903
Oct. 1, 1919
Feb. 1, 1922
Sept. 1, 1921
May 1, 1913
July 1, 1890
Oct. 1, 1890
Jau. 1,
June 1,
1896
189.5
1927
1889
1900
1890
May 1,
July 1,
July 1,
Oct. 1,
July 1, 1890
Oet. 1, 1901
Feb.
1, 1896
Oct. 1, 1893
1889 A 1894
July 1, 1918
June 1,
Jan. 1,
Oct. 1,
1896
1910
1896
roads the company also has its line in Illinois to East St. Louis, and to
Quincy, connecting with the Hannibal A St. Joseph road (purchased by
Q. in 1883) across Missouri to St. Joseph. The mileage reported
of which 122 miles were leased or oper¬
C. B. A
at tin* close of 1886 was 4.036,
ated with other companies.
In addition
to this the company con¬
road, 181 ^ miles ;
trols and largely owns the St. Louis Keokuk Si N. W.
the Kansas City St. Joseph & Council Bluffs, 313
miles; the
Chicago
Burlington Sc Kansas City, 153 miles; the St. Joseph Si Des Moines, 50
miles; and a half-interest with Wabash in the Humeston Sc Shenandoah,
113 miles.
The allied road to St. Paul is the Chic. Bur. & Northern.
In
September, 1887, the Denver Utah Sc Pacific (narrow gauge), 43 miles,
140; in 1883, 140® 150; in 18r4, 142® 152; in 1885, 147®155; in Denver to Lyons, Col., was purchased.
1886, 150® 102: in 1887, 155®164; in 1888 to Jan.20, inclusive, 163®
Organization, Ac.—The C. B. a Q. was a consolidation in 1856 of the
163.
Common m 1881, 127® 156; in 1882, 127 V® 145V in 1883, 128® Chic. Sc Aurora and the Cent.
Military Track railroads, and purchased
137J4 ; in 1884, 118®140ki; in 1885, 128® 140; in 1886, 138® 146; in in 1860 the Northern Cross RR. and in 1862 the Peoria Sc
Oquawka road.
1887, 130® 155; in 1888 to Jan. 20, inclusive, 1.35® 135 V
The present company was a consolidation in January, 1875, of the
Dividends were as follows: prior to the current year : Tn 1877, both
Chicago Burlington A Quincy in Illinois and the Burlington & Missouri
Stocks, 7 V in 1878, both 7; in 1879, preferred 7, common 6; in 1880, River in Iowa.
In 1880 the Burlington A Missouri in Nebraska
pref. 7, com. 6 V in 1881 both 8; in 1882 both 8 ; in 1883 both 8; in was absorbed.
The leased lines are practically owned and there
1884, both 10; in 1885, 1886 and 1887, 8, the periods being changed is no charge for rentals in the income account, except as interest on
from semi annual to quarterly in May, 1884.
bonds. The ownership in the other roads above-mentioned* is in the
Operations and Finances.—The Chicago A Alton road has been par¬ stocks and bonds
thereof, and their accounts are kept separate. In
ticularly strong in having a large local business between Chicago and In August, 1885, the agreement was made with the Chic. Bur. A No.
St. Louis, so that it was less dependent on through business, which is for Hie lino to St. Paul, and the Chic. B. A
Q. owns $3,000,000 of the
done at competitive rates,
rts leased lines are as completely controlled stock of that company; see circular in V. 41, p. 160. The fiscal year
as if owned, and the system is
ends Dec. 31. Annual election in April.
compact.
From Jan. 1 to Oct. 31 in 1887 (10 months)
Stocks and Bonds.—The stock has been rapidly increased for the
gross earnings were
$7,392,9o7, against $6,565,102; net, $3,272,222, against $2,848^304.
acquisition of new lines, and in 1880 a distribution of 20 per cent in
Operations, warnings, Ac., have been as follows for four years past. stock was made. Dividends have, been: In 1877, 9 per cent; in
Fiscal year ends Dec. 31. Annual report for 1886 was in V. 44, p. 307.
1878, 10V in 1879,8; in 1880, 9^ cash and 20 stock; in 1881. in
1882, in 1883, in 1884, in 1885, in 1884 and 1887, 8 paid. The prices of
INCOME ACCOUNT.
stock have been: In 1881, 133V2> 182V in 1882, 1201g®141; in
1883.
1884.
1885.
1886
1883,
1153i® 1293s; in 1884. 107® 127^; in 1885, 1L5L>®138V in 1886,
Receipts—
$
$
$
$
Net earnings
3,713,578
3,575,484
3,380,322
3,409,684 1283t®141; in 1887,1237s®156; in 1838 to Jan. 20, inch, 127^® 129^.
The C. K. A Q. on many of its branch lines gave a traffic guarantee of
Other receipts
284.773
278,818
282,654
272,845
40 to 50 per cent, which was used in purchasing their bonds. The
Total
3,99 >,351
3,854,302
3,653,167
3,692,338 Kansas City
St. Joseph A Council Bluffs and branches was purchased
Disbursements—
*
$
$
$
(254 miles), and the Chic. Burl. A Q. stock issued therefor at $125 per
Rentals paid
704.473
1,208,277
823,565
701,777 share, taking the St. Jo. stock at $72 50 per share. Enough of the C. B.
C mstrue’u, equip., Ac
740,759
292,221
380.702
254,134 A Q. consolidated mortgage is reserved to take up prior debts. The
Interest on debt
700,544
77<>,683
bonds of 1876 are secured by mortgage bonds of like amount on St.
839,307
836,381
Dividends
1,191,184
1,646,810
1,409.750
1.407,224 Louis Rock Island A Chicago road deposited witli trustees. The collateral
Miscellaneous
86.963
88.203
93.954
102.116 trust Nebraska extension bonds of’87 (New Eng’d Tr. Co of Mass., trus¬
Total disbursem’ts
3.930,727
3,621,572
3,428,086
3,3ol,Go2 tee.) are issued at $20,000 per mile for single track and $10,000 per mile
67.624
Balance, surplus
232,730
225,081
390,706 additional for second track. See abstract of mortg. in V. 45. pc 441.
The several sinking funds amounted Dec. 31, 1886. to $1 i,062,035,
—(V. 44. p 275. 307, 327; V. 45, p 25, 301.)
as follows: For land grant bonds, Burlington A
Mo. River RR. (Iowa),
Chicago Sc Atlantic.—Opened May 14, 1883, from Marion, O., on
line of N. Y. Pa. Sc O., to Hammond, Ind.,249 miles, and thence over $6,375,568 ; 4 and 5 per cents, Iowa Division, $1,198,085: 5 per cents
for
Albia
Know. A Dos M. RR., $215,764.; 5 per cents for St. L. H. I. A
the Chicago Si West. Tnd. to Chicago, 19 miles. Built
asaconnecting line C. RR., $62 1,833; 4 per cents of 1922 (Denver extension). $
145,358 ; 4
for N. Y. P. A O. and N. Y. B. E. Sc W., and both these
companies guaran¬
teed the gross earnings on business over their roads to and from the per cents of 1921 (Bur. Sc S. W. Rv.). $238,214; B. A Mo. River RR. in
Nebraska 6 per cents of 1918, $2,265,724; B. & Mo. River i
Nebraska
Chic. A Atlantic, as security for interest on the bonds. Stock. $10,000,000. of which $9,000,000 was deposited witli II. J. Jewett (then President 4 percents of 1910 (A. A N. RR.), $542,043; Republican Valley RR. 6
per cents of 1919, $118,513; Lincoln A N. W. RR. 7 per cents of 1910,
of N. Y. L. E. Si \V.), in trust to hold and vote on it. On Nov.
1,1*84, the
interest due on 1st inert, bonds was defaulted. Tin* 2d mortgage bonds $17,933.
Many of the bonds are redeemable (may be drawn) before maturity at
were largely pledged for N. Y. Lake E. & W.
loans, partly to Grunt A various
prices, plus accrued interest, as above stated ia the table The
Ward.
In Feb., 1886, suit was brought by the Farmers’L. «fe T. Co. to
foreclose flu* first mortgage. In May, 1886, Mr. Jas. II. Benedict was Bur. A Mo. in Nebraska 6s. due 1918, are redeemable at 100, but this
for the “ exempt” bonds applies only after 190"’.
elected President.
An outline of proposed foreclosure and arrange¬
Land Grant.—In Iowa only 12,000 acres remain unsold, and the con¬
ment with Erie, was in Chronicle of March 19, lr>*7. V. 44, p. 369,
by tracts outstanding Dee. 31, ’86, were for
which arrangem’t 'lie new issue of bonds will be
$12,000,000, boaring4 i>. est. In Nebraska the net sales for the $127,680, principal and inter¬
year 1886 were 10,947 acres,
rent for 5 years. 5 per t ent thereafter,
gold, guaranteed by N. V. L E. 'Sc
W., .and $160,000 only of stock to be held by that company; there will for $69,269. Contracts on hand, $1,829,849; unsold lands, 81,000
at
acres,
estimated
$4 per acre, $324,000.
also bo $10,000,000 of 5 per cent non-cumulative income bonds.
In the
Operations and Finances.—The Chicago Burlington A Quincy Rail¬
year ending .Iuuo 30. 1887, gross earnings were $1,992,544; net over
of
the most profitable in the country, as its numerous
road
has
been
one
•expenses and taxes $511,687; deficit under rentals and all
interest, branches tributary to the main line were built into choice
agricultural
$81,236. (V. 43, p. 131, 217, 308, 333; V. 44, p. 21, 173, 343, 369.)
territory, where they enjoyed a monopoly of the local business at full
Chicago lturllngton A: Northern.—Owns rrom Oregon, Ill., rates. The company gives no full traffic statistics in its report, and
tho
to St. Paul, Minn., 348 miles, and track from Fulton to
Savanna, 111; total mileage of freight and passengers is not known; but corn is the most
360 miles. The road was
completed Aug., 1886, under Chicago B. & Q. i mnorta.li t article carried.
auspices, as per circular of August 1, 1885 (in Chronicle, V. 41, p.
From Jan. 1 to Nov. 30 in 1887 (11 mos.) gross earn’gs were $25,448,822,
160). The Chic. B. Sc Q. and Chic. & Iowa give a traffic guarantee for
against $24,359,976 in 1886; net, $11,462,885, against $11,854,351.
twenty yeats of one-half of their net earnings derived from business to
The annual report for 1886 was published in the Chronicle, V. 44,
and from the C. B. & N., to be not less than $100,000
per year, for the
Comparative statistics for four years are as follows:
(p. 432b
purchase of C. B. Si N.
130®
.
,
.
bonds at 105; and after 1896 the bonds may all
be retired at 105. Any 2d mart, issued must be limited to $10,000
per
mile, and shall provide that, out of the bonds issued thereunder, an
amount equal to the principal of the debentures then
outstanding
shall be reserved and applied
only to their payment. From Jan. 1 to
Nov. 30 in 1987 (li months) gross earnings were
$2,134,200; tu t earn¬
ings, $507,837. (V 43, p. 125,217,308,334,516,619; V.45, p. 210, 4360
Chicago lturllngton Sc uuincy.— Line of Road.—Th.* C. B. Si
Q. is one of the most complex railroad systems in the U. S. It has a net¬
work of lines in Ill.. Iowa and Neb.
The main
line extends from Chic.
Ill., to Burlington, Iowa, 204 miles, and thence to Pacific Junction, 276
miles, and from Pacific Junction to Denver,*Col., 577 miles.making the
distance from Chicago to Denver 1,057 miles. From Pacific Junction
to Council Bluffs is 18 miles (track used
jointly witli K. C. St. Jo. Sc C.
B.), making the C. B. & Q. line, Chicago to Council Bluffs, 498 miles.
ThoExtens. to Denver was opened May, 1882. Besides numerous local
Miles ow’d and leas’d
Miles opor’d jointly.
Total
operated..
1883.
1884.
1885.
1886.
3,224
3,369
3,534
3,914
98
98
3,322
3.467
113
3,647
122
4,036
FISCAL RESULTS.
K anting s—
1883.
1884.
1885.
$
$
$
1886.
$
5,285,839
5,339,866
5,286,407
Freight
Mail, express, Ac..
19,514,161
1,310,369
18.514,432
1,629,315
19,565,854
1,704,164
Total gross earnings
Oper. exp. A taxes..
26,110.369
25,483,613
14,090.745
26,556,425
14,405,768
26,728,408
13,496,479
Net earnings
P.C. of op.ex.
12,613,890
11,392.868
12,150,657
12,236,725
Passenger
to earn
51-7
55-3
54*25
5,633,261
19,367,935
1,727,212
14,491,683
54-22
January,
Subscribers will
confer a great favor
explanation of column
on
Chicago
first page
Burlington <£
headings, Acc., see notes
of tables.
Quincy—(Continued)—
Repub. Valley RR. (drawn at 100) s. f., $14,000.e
Atchison & Nebraska. 1st mortgage
Lincoln & No’w’n RR. bds (drawn at 100) s. f. 1 p.c.
Kansas City St. Jo. A; C. Bl., mortgage
Chicago d Canada Southern—1st mort., gold
Chic. d East.Ill— Stock
1st M., coup. (s. f. $20,000 after '85)
Consol, mort., gold (for $0,000,000)
Collateral trust bonds
C. Ac E. Ill. Extension. 1st mortgage
General consol, mortgage
Dan. Ac Grape Creek RR.—1st mortgage
Strawn Ac !nd. State Line bonds, guar
Chicago <£■ Gr. Trunk—1st M., $ A. £ ($550,000
2
2d mort
Northwest. Grand Trunk, 1st mort
/
1st mortgage (Minnesota Central)
1st mortgage (Iowa & Dakota)
1st M.,Ia.&Dak.Ext.($15,000 p.ui.)
1st mortgage (Prairie du Cliien)
2d mortgage (Prairie du Chieu)
Milwaukee Ac Western
Miles
Date
Size, or
Par
of
of
Road. Bonds Value.
$1,000
148
146
72
274
67
246
116
208
1879
1878
1880
1877
1872
15
1*8 si
1*6*60
1887
1880
1,000&C
..
res’d)
330
330
66
10
188*6
Rentals paid
Interest on debt
Dividends
Rate of dividends...
Carried to sink’g f’d.
TranBf’dto ren’al f’d.
Total disbursements
+->
d,a
145
80
24
1*88*6
1,000
2.541,000
100
100 Ac.
5,000,000
3.000.000
6
1,000
2.703,000
400,000
6 g.
6
112,000
6
2,518,000
5
6
1,000
5,298
5,298
O <0
370
230
49
126
234
195
195
100
11,470,000
1,000
5,264,000
3,198,000
1,000
1,0* 0
1,000
1,000
*1*0*0
1875
1863
1867
1864
1.000
1869
1878
1868
1868
1861
$
12,613,890
IF,392,868
$
5,441,000
1,000
500 Acc.
123,000
541,000
1,000
1,000
1,000
1,000
1,000
3,505,000
3,674,000
1,241,000
1.000
215.000
When
Is6
5 g.
5^
8
8
2*3
313
7
7
7
7
7
7
8
73
Whom.
Stocks—Last
Dividend.
Boston, Co.’s Office,
do
do
do
do
do
do
Jan. 1, 1919
Mar. 1, 1908
Jan. 1, 1910
Jan. 1, 1907
Where
Payable
J
M.
J.
J.
A.
M.
J.
A.
F.
J.
M.
M.
Ac J.
* S.
& J.
& J.
& O.
A: S.
Ac D.
& O.
Ac A.
Ac D.
Ac N.
Ac N.
Ac
At
J. &
J. &
J. At
I. At
J. At
A. At
A. At
A. At
J. Ac
At
At
At
At
At
F. At
F. At
J. At
J.
J.
J.
J.
J.
c>
pal,When Due*
Payable, and by
April 1, 1902
Sept. 1, 1887
Central Trust Co.
N.Y.,4tliNat.Bk.Ac Boat.
;N. Y., Central Trust Co.
N. Y.,
Dee.
Oct.
Feb.
Dec.
Nov.
Mav
do
do
New York. 4tli Nat. Bk.
New York.
Boston, Globe Nat. Bk.
J. New York and London.
do
do
J.
J. N.Y., E.P. Beach.B’way.
New York Office,
D.
do
do
D.
N. Y., Met. Trust Co.
J.
J. N. Y., Farmers’ L.AtT.Co.
O.
New York, Office.
O.
do
do
O.
do
do
J.
do
do
do
do
do
do
do
do
do
do
do
do
A.
do
do
A.
do
do
J.
1, 1907
1, 1934
1, 1912
1, 1931
1, 1937
1. 1920
1, 1900
Jan., 1922
Jan. 1, 1910
June 1,1936
June 1,1936
Jan. 1, 1936
1900 At 1901
Jan.
1895
Oct. 14, 18871
Oct. 14, 1887
July 1, 1905
1893
July, 1897
1894
1899
July 1, 1908
1898
1898
1891
and Dakota, which are well shown on the
The main through lines are from Chicago to Mil¬
waukee, 85 miles; Milwaukee to St. Paul and Minneapolis, via La Crosse,
341 miles; Milwaukee to Prairie du Cliien, 194 miles; McGregor (oppo¬
site Prairie du Chieu) to Chamberlain, Dak., on the Missouri River. 442
miles; Chicago, via Savanna, on the Mississippi River, to Council Buffs,
la., 487 miles; Minneapolis to Aberdeen. Dak., 288 miles. On Dec 31,
1886, the mileage in Illinois was 313; in Wisconsin. 1,231; in Iowa, 1,511;
in Minnesota, 1,117; in Missouri, 12; in Dakota, 1,114. Total miles oper¬
ated, 5,298. On Nov. 1, 1887, the line to Kansas City was opened.
Organization, &c.—'The Milw. Ac St. Paul RR. Co. was organized May
5, 1863, and embraced a numner of other companies, including the Mil¬
waukee Ac Miss., the Prairie du Cliien, the Lacrosse Ac Milwaukee, and
others. The Milwaukee Ac St. Paul afterward purchased the St. Pam At
Chicago Road and others, and built the line from Milwaukee to Chicago,
and on February 11, 1874, the company took its present name. The
The fiscal year cuds Dec. 31. The annual meeting is held early in J une
Stocks and Bonds.—The preferred stock has a prior right- over the
common stock to a dividend of not over 7 p.c. from net earnings in
caoh year, but if not earned it has no cumulative right. If a dividend
was earned in any year and not paid, there might be"a claim on future
years for such dividend. After payment of 7 on pref. and 7 on com.,
both classes share pro rata. Dividends paid since 1873 have been as
follows (prior to current year): In 1874, 7 ou preferred paid In consol,
bonds; in 1875 no dividend j in 1876, 3*3 cash on preferred and 14 per
cent in bonds; in 1877, 3*3 on preferred; in 1878, 10*3 on preferred; in
1879, 2*3 on common and 7 on preferred; in 1880,1881,1882. 1883 and
Wisconsin, Minnesota, Iowa
$
12,150,657
321,180
566,769
592,432
1,595,788
1,129,591
13,089,228
985,796
13,728.885
144,506
$
139,604
$
187,171
4,093,005
5,566,484
4,304,284
5,566,580
4,294,263
6,110,572
accompanying map.
1886.
$
1885.
12,236,725
615,342
846,771
13,698.838
$
153,215
4,391,004'
6,110,722
8
8
8
8
646,430
938,064
670,295
1,000,000
12,325,236
1,373,602
1,500.000
500.000
646,430
1,000.000
11,950,425
2,583,433
11,448,532
1,640.696
12,238,430
1,490,449
Balance,surplus
—(V. 44, p. 59, 90, 211, 343, 415, 432, 466, 518, 525 ; V. 45. p. 52, 210,
373, 441, 575. 792.)
Chicago Sc Canada Southern.—Owns from Grosse Isle, Mich., to
Fayette, O., 67 miles. On Nov. 1, 1879, it was transferred to the
Shore At Michigan So.
It has a capital stock amounting to $2,067,400
and a bonded debt of $2,541,000, and owes $2,223,051 overdue coupons.
Original cost, $5,176,557. It is a part of a projected line between Chi¬
cago and Detroit River, but failed in 1873.
Gross earnings in 1885,
$40,974. def. under operating expenses, $19,601. Gross in 1886, $45,613; detUit under operating expenses and taxes, $9,443. On Oc tober
23, 1886, a suit in foreclosure was begun. (V. 43, p. 515.)
Lake
Dan¬
miles;
Chicago Sc Eastern Illinois.—Owns from Dolton, Til., to
ville, Ill., 107*3 miles; Covington, Ind., to Coal Creek, Ind.. 9
Danville to Sidell’s, 22 miles; leases, Dolton to Chicago (use of track C.
& W. I.), 16 miles; Wellington Junction to Cissna Park, 13 miles; Evans¬
ville Terre Haute Ac C.RR., Terre Haute to Danville, Ill., 55 miles; Otter
Creek to Brazil, Ind., 13 miles ; Danville, Ill., to Covington, Ind., use of
track, 13 miles; total operated, 246 miles.
The Chicago Ac East Illinois was chartered as Chicago Danville Ac
Vincennes in 1865, and opened in 1872 and 1873. Sold under foreclos¬
ure Feb. 7, 1877, and reorganized under existing style Sept. 1, 1877.
Under the terms of leases the C. Ac E. Ill. guarantees interest on $1,515,000 bonds of leased roads. There are $65,000 of 2d mort. incomes, due
1907, yet out
In April, 1887, a sale was made of nearly the whole stock of
com¬
this
44,
at 110 to parties interested in the Chic. Ac Ind. Coal R'y (see V.
p. 458), and in Nov., 1887, a consolidation was made with the several
branches, preparatory to a merger with the Chic. Ac Indiana Coal road.
Prcf. 6 per cent stock to the amount of $3,000,000 has also been issued.
The general consolidated mortgage of 1887 (Trustee, Central Trust
Co.) provides for the retirement of $8,000,000 prior bonds and for issue
pany
$7,000 per
double track.
of bonds on new road at $18,000 per mile for single track,
mile additional for equipment and $8,00.) per mile for
For the year ending June 30, 1887, gross income was
net, $800,042; interest and rentals, $579,756;
$1,950,104;
surplus, $220,285; divi¬
dends, 5*2 per cent, $165,000; balance, $55,285; charges for new con¬
struction and equipment. $606,711.
(V. 43, p. 102, 39w, 430; V. 44, p.
433,458.553; V. 45, p. 142, 304, 340, 472, 508, 6 42, 767; V.46,p. 102.)
Chicago Sc Grand Trunk,—Line of road from Port Huron, Mich.’
to Chicago, 330*3 miles; also uses 4*3 miles of Chicago Ac West. Indiana
and 4 miles Grand Trunk Junction RR.; total operated, 339 miles. This
is a consolidation of roads between Port Huron and Chicago formed in
April, 1880, undvr the control of the Grand Trunk of Canada. Stock,
$6,600,000 in $100 shares. The Grand Trunk of Canada gives a tratHc
guarantee of 30 per cent of gross earnings. Gross earnings from Jan.
1 to Sept;30 in 1887 (9 months) were .£518,500, against £451,842
in 1886; net, £135,007, against £92,283.
In 1886, gross earnings,
$3,041,408; net, $685,349, all expended in payment of interest, rentals,
(V. 44, p. 400; V. 45, p. 52.)
Chicago Sc Great Western.—Owns a double-track
Chicago from ilie west, and Terminating at Polk st., oast
River, with large terminal property. The interest on 1st
Acc.
road entering
of the Chicago
mort. bonds is
Wisconsin Central and its allied lines, which enter
guaranteed by the
Chicago over this road. Stock, $8,000,600.
Chicago Sc Indiana Coal.—Line of road, Brazil to La Crosse, Ind.,
145 miles. In May, 1887, leased 34 miles of the Chic. Ac West Mich,
road, La Crosse to New Buffalo. This company acquired at foreclos¬
ure the former Chic. Ac Great Southern, and in April, 4 887, parties inter¬
ested in the C. Ac I. C. road purchased the stock of the C. Ac E. Ill. RR at
110.
The stock authorized is $6,000,000 common and $4,000,000
of which $2,197,800 com. and $1,465,200 pref. have been
dend of 1*3 per cent payable on pref. stock Dec.,
ings for year ending June 30, 1887,
interest, $146,732; rental, $3,250; surplus,
President. (V. 43, p. 66, 516, 658; V. 44, p. 458, 494, 495.)
pref.,
issued. Divi¬
1887. Gross earn¬
$381,372; net earnings, $174,870;
$24,888. H, H. Porter,
from Aurora, Ill., to Foreston, Ill., 80
Riekford. 24 miles; total operated. 104
miles. Capital stock, $1,428,000. This road is controlled by the Chicago
Burlington Ac Quincy, which owns the stock and bonds.
Chicago Milwaukee Sc St. Paul.—(See Map.)—Line of Road.—
The company operates a great consolidated system of railroads in Illinois,
121,000
6.000,000
556,000
4,000.000
1,000,000
3,689,000
1,750,000
400,000
40,904,261
21,596,900
1,000
1870
1875
0.0
1884.
Chicago Sc Iowa.-Owns
miles; leased, Flagg Centre to
6
lOOAcc.
£100 Ace
1882
1880
1886
1,435
1833
14,533.858
$
Total income
Disb urse m ents—
$1,078,000
7
7
7
7 g.
3
INCOME ACCOUNT.
exch
NetB. Ac M. I’d gr’t..
Rate per
Cent.
1.125,000
600,000
5,000,000
lOO&c.
1877
1884
Amount-
Outstanding
150.000
Chicago Milwaukee d til. Paul—Com. stock
Preferred st’ek (7 p.c. y’rly, not cumulative)
Consolidated mortgage (for $35,000,000)
1st mort. (Lacrosse Div.)
1st mort. (la. Ac M.)
Receipts—
discovered in tliese Tables.
Bonds—Prin
by giving immediate notice of any error
cAcr
Chicagod Great Western—1st mort., gold
c*
2d mort., for $4,000,000, gold
cx
Chicago d Indiana Coal— 1st mortgage
Chicago d Iowa—1st Ac 2d morts. (1st is $000,000).
1st Ac 2d mortgages C. R. & N
Net earnings
Interest and
31
BONDS
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
STOCKS AND
> RAILROAD
1888.]
1884, 7
on
both; in 18S5, 4 oil common
and 7 on preferred; in 1886 and
in 1887, 5 on common and 7 on preferred.
The range in prices of stocks since 1877
have been: Pref. in 1878, 64®
74%®102V in 1880, 99® 124*8; in 1881. 116%®140; in
1882, 114*3®141*4; in 1883,115® 122*4; in 1884, 95V®119: in 1885,
102/2)125; in 1886, 116®125^; in 1887. 110® 127V. in 1888 to Jail.
84^; in 1879.
20.inch. 112*3 0)115*3. Common—In 1878. 27*a®54^>8; in 1870, 3G*s®
in 1880, 66*3®H4%; iu 1881, 101*3®129*4; in
128*4; in 1883. 91%»108*3; in 1 884, 58*40)94*4; in 1885,
in 1886, 82*8®99; ill 1887, 695s®95; in 1888 to Jan. 20. ind., 74 a
An abstract of the terms of some of the principal mortgages was pub¬
lished in the Chronicle, V. 45, pp. 85,114, 144 and 212.
1882, 96*3®
<H3t®99;
77*3-
82*b;
reserved to
be stamped and discharged
Chicago Ac Pacific Western
built or ac¬
quired. The St. Paul Ac Chicago, the Chicago Ac Milwaukee, the Consoli¬
dated and the Iowa Ac Minn. Div, bonds are convertible into preferred
stock. The terminal bonds issued iu 1884 are secured by mortgage on
the terminal property in Chicago and Milwaukee, subject to the lion
of the general mortgage on part of the track and terminals in those
cities; but it covers also property quite detached which cost about
$3,000,000 acquired tome time after the general mort. was made; also
property to be acquired as needed to amount of $3,< 00,000 and
depot in Milwaukee costing $1,000,000. The Income bonds of 1886
are
for an authorized issue of $5,000,000, and are convertible into
common
stock, 011 notice, 60 days after any dividend day. They
have a sinking fund of 4 per 'cent, beginning in 1889, and may
be drawn at 105. After ’68, if a majority of the bondholders so request,
a 2d mortgage shall bo made
on the line, Chicago to Kansas City,
and a first on the Mo. River bridge and terminals in Kansas City.
Ill addition to above bonds there are $89,000 Hastings Ac Dak. 7s, due
in 1902. and $35,000 Oshkosh Ac Miss. River 8s, due in 1891; also
Of the consolidated mortgage bonds of 1875, enough were
take up the prior bonds; these bonds may
from the sinking fund provisions.
The
Division bonds are issued at $20,000 per mile on new lines
$275,000 5 per cent real
estate mortgages duo iu
1890 and 1894.
and also the stoek and debt
rapidly in six years, the miles owned
against 5,298 on January 1, 1887, and
$69,000,000 on January 1,
1880, against $164,118,161 January 1, 1887. In June, 1887, $10,000,000 new common stock was issued for new acquisitions, extensions,
Ace., of which $7,000,000 (12 per cent on their hoi lings) was allotted to
stockholders of record June 25, at $85 per share.
From Jan. I to Nov. 30 in 1887 (11 1110s.), gross earnings were
$22,848,385, against $22,463,162in 1886, and netearnings, $8,774,436,
against $9,039,470.
The annual report for 1886 was in V. 44, p. 399.
The statistics in
detail were given in the Chronicle, as follows;
Operations, Finances, Acc.—The mileage
of this company increased very
beiug 2,359 on January 1, 1880,
the stock and bonded debt, in round figures,
OPERATIONS AND FISCAL
1883.
RESULTS.
1884.
1885.
1886.
5,298
Operations—
Passengers carried..
4,591,232 4,904,678 4,819,187 5,481,400
Passenger mileage... 235,579,660 225,851,443 214,550,187 234,444,700
Rate per pass. p. mile.
2*52 ets.
2 55 018.
2‘56 cts.
2*42 cts.
Ffeight (tons) moved.
5,661,667 6,023,016 6,482,869 7,085,072
Freight (tons) rnil’ge. 1176605032 1247737233 1337721453 1486509713
Av. rate p. ton p. mile.
1*29 cts.
1*28 cts.
1 “39 cts.
117 cts.
$
$
$
$
, Earning8—
Passenger
5,927,668 5,766,843 5,499,737 5,661,690
Freight.
16,365,354 16.128,964 17,101,742 17,358,294
Mail; express,Aco
1,366,802 1,575,191 1,811,794 1,698,419
Total gross eara’gs 23,659,824 23,470,998 24.413,273 24,718,403
Miles
operated
4,700
4,804
4,921
I
i
-
;
jot..
^
^
T: r-^%*
IV
iT
Vh4uu^
r
N
.■
"N‘
nwi^WSWglBWs
Subscribers will confer a great
favor by giving Immediate notice of any error discovered in
Date Size, or
of
par
of
Road. Bonds. Value.
Miles
j
first page
of tables.
|
Chicago ililw <£ St. I'aul—(Coat'd)—
St.P.&C.lst M.(Riv.D.)$A£(conv.) (Seepreced {
1st M., Chic. A Mil. line
$ iug page. } |
Bonds on Lac’se ADav. Div., for Dav. &Nw. RR.
1st mort. on S. W. Div. Western Union RR
1st mort. on Cliic. & Pac. Div., Chic, to Miss. Riv..
1st mort. on So. Minnesota Div. ($9,000,000)
Land grant income bonds, drawn at 105
1st M. on Hast. A Dak. Div.extens.($L5,000p.in.).
1st M. on Ch. Cl. D. & M
130
85
185
212
119
419
....
417
372
107
107
1st mort. on Wisconsin Valley RR
Prior mort.
do
i
142
1st mortgage, Mineral Point Division
!
68
1st mortgage Chic. & Lake Superior Div.,
230
IstM.Wis. & Minn. Div. ($20,000 p. m.)
1st M., gold, on Chic. A Pac., W. Div., $20,000 p. m. 11,245
77
Chic. & Mo. Riv. Div., lstmortg., ($20,000 p. w.).
Income bonds convertible
Amount
Outstanding
1872 $500Ac.
1873
1,000
1879
1,000
1879
1,000
1880
1,000
1880
1,000
1880
1380-6
1,000
1880
1,000
1880
1,000
500
1879
1880
1,000
1881
1,000
1881
1,000
gold ($18,000 per in.).
1884
1883
i'19
1885
1886
....
4,101
Chicago <£ Northwestern—Common stock
4,101
Preferred st’ek (7 p. c. y’rly, not cumulative)
776
Consol, sinking fund M
126
Madison extension, 1st mort., sinking fund, gold.
85
Chic. A Mil., 1st mortgage
25
Menominee River, 1st mort., guar
120
Menominee extension, 1st mortgage, gold
Gen cons morr., gold, coup, or reg. ($48,000,000) 1,058
137
Winona & St. Peter, 2d mort., guar, by Chic. AN. W.
175
do
1st M. exten. gld., land gr., s. f..
75
Iowa Midland, 1st mort., guar, oy Chic. & N. W..
1%
12,651,000
7
7
7
7
7
7
7
7
8
1,250,000
1,000
1876
1871
1872
1870-1
1871
1870
7
5
4,666,o6o
100
100
....
6
6
22,323,170
1,000
1,000
....
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
j
J.
J.
200,000
988,000
31,367,450
1,000
1,600
1865
1871
7 g.
7
5
6
6
6
7
7 A 5
5
5
5
5
5
5
6
6
5
3
2,049,000
2,000,000
....
Pay’ble
6,576,000
1,669,000
1,106,500
2,840,000
1,360,000
4.755,000
24,540,000
1,000
1,000
1886
1886
Cent.
2,393,000
2,500,000
4,000,000
3,000,000
7,432,000
1,397,000
6,265,000
....
1881
When
500 Ac.
2.977,500
1,000
1.700,000
560.000
....
500 Ac.
500 Ac.
2,549,500
12,343,000
1,592,000
4,079,500
1,000
100 Ac.
1.000
1.350,000
g.
gg*
g.
g.
gg.
g.
these Tables.
Bonds—Princi¬
DIVIDENDS.
Where
Rate per
$3,804,500
■
gold, coup, or reg.(for $5,000,000)
Fargo & Southern, 1st mortgage, gold, assumed..
Terminal mort.,
do
incomes
Dakota & Gt. South’n, 1st,
OR
INTEREST
DESCRIPTION.
on
33
BONDS.
AND
STOCKS
RAILROAD
January, 1888. J
pal .When Due.
Stocks—Laat
Dividend.
Payable and by
Whom.
J. London and New York.
J.
New York, Offioe.
do
do
J.
do
do
J.
do
do
J.
do
do
J.
do
do
J.
do
do
J.
do
do
J.
do
do
J.
Boston.
J.
New York, Offioe.
J.
do
do
J.
do
do
J.
do
do
J.
do
do
J.
do
j
do
do
J.
do
do
J.
do
A
O
do
do
J. A J.
J. A D. N.WCo.’s Ottioe, 52 Wall
do
do
Q. —M.
do
do
F.
Q
do
do
A A O.
do
do
J. A J.
do
do
J. A J.
do
do
J. A D.
do
do
J. A D.
do
do
M. A N.
do
do
J. A D.
do
do
A. A O.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
Tan., 190?
1903
Jan. 1,
July 1, 1919
July 1, 1909
Jan. 1, 1910
Jan.
Jan.
Jan.
1.
1910
1, 1890
1, 1910
July 1, 1920
July 1, 1920
Jan.
1, 1909
July 1, 1910
July 1, 1921
July 1, 1921
Jan.
1, 1921
July 1. 1926
July 1, 1916
July 1, 1914
1, 1924
Jan.
1895
Jan. 1. 1916
Dec. 24,1887
Dec. 24, 1887
Feb. 1, 1915
April 1, 1911
July 1, 1898
July 1, 1906
June
Dec.
Nov.
Deo.
Oct.
1, 1911
1, 1902
1, 1907
1, 1910
1, 1900
then preferred 3 per cent; then common 3;
Dividends since 1875 (prior to the current
year) have been: In 1876, 2^ on preferred; in ’77, 3^ on pref.: in ’78, 7
on pref. and 5 on com.; in ’79, 7 on pref. and 5 on oom.; In ’80. 7 on pref.
and 6 on oom.; in ’81, 7 on pref. and 6 on com.; in ’82, 7% on pref. and 7
on com.; in ’83 and ’84. 7 on com. and 8 on pref.; in ’85, O1^ ou com. and
Taxes
614,609
7^3 on pref.; in ’c6 and in '87, 6 on com. and 7 on pref.
114,029
Miscellaneous
Prices of stock since 1877 have been as foliow-s: Common in 1878,
3>55i4; in 1879, 4958@941g; in 1880, 87*8@130; in 1881. 117@136;
Tot. operating exp. 13,859,629 14,512,471
14,560,264 14,560,264 32*2
In 1882, 124@150%; in 1883, ll54@140ie; in 1884, 8Ha@l24; in 1885.
Net earnings
9,881,787
9,611,369 9,900,802 10,153,139 84382)115%; in 1886, 104%@ 120^; in 1887, 104%@12758; in 1888 to
Pr. ct.op.ex. to earns
59-05
59-45
58'23
58 90 Jan. 20. inclusive, 106% @109% Pref.in 1878,59% @79%; in 1879,76%
@108; in 1880. 104@146%; in 1881, 131%@147%: in 1882, 136@175;
Includes reuew-al of track, t Including elevators, stock-yards, per¬ in 1883, 134@157; in 1884, 117@149%; in 1885, 119%@139%; in 1886.
sonal injuries and damages to property, legal, insurance rent of cars, 135@144; in 1887, 137%@153%; in 1888, to Jan. 20, inclusive, 140%@
144.
trackage, Ac.
INCOME ACCOUNT.
The sinking fnud bonds of 1879 are secured by a deposit of mort.
bonds, on the uew roads acquired at the rate of $15,000 per mile, and the
1883.
1884.
1886.
1885.
terms under which these are issued were published In V. 29, p. 277.
Receipts—
$
$
$
$
these bonds so far issued, $6,305,000 are 6s and the balance
Net earnings
9,881,787
9,611,369 9,900,802 10,158,139 Of
There are several small issues of bonds in addition to those in
Other receipts
164,707
82,307
105,939
144,651 5s.
the table above, viz.: Beloit A Madison RR., $91,000. 7s, due Jan. 1,
Total income
10,046,494
9,693,676 10,006,741 10,302,793 1888 ; Minnesota Valley RR., $150,000. 7s, duo 1908 ; Plainview, $100,000, 7s, due 1908 ; Peninsula Railroad (Mich.), $152,000 7s, due 1898.
$
$
Disbursements—
$
$
The $10,000,000 debenture bonds were issued to pay for the Chicago
Interest on debt.....
5,918,608
6.096,573 6,241,093 St. Paul
5,373,925
Minneapolis A Omaha stock ; tho sinking fund for these bonds
3,212.895
Divs. on both stocks*
3,321.167
2,394,039 3,053,076 is $200,000 per year from May, 1888, if they can be redeemed at 105.
Rate of dividend
7 both
7 both
7A4
7A5
In June, 1884, the new issue of $6,0U0,000 5 per cent debenture bonds
w-as authorized, of which $1,966,500 went for tho purchase of Blair
Tot. disbursem’uts
8,586,820
9,239,775
8,490,612 9,294,169 roads and the balance to be used for improvements as required. Any
Balance for year....
1,459,674
453,901
1,516,129 1,008,624 future mortgage on the property of the company owned at date of these
bonds, shall include them.
♦These are the actual dividends paid in the year, without regard to the
Tho C. A N. W. exten. bonds of 1886 are direct bonds of the C. A N.
time when they were earned.
W. Company, secured by the deposit in trust of the 1st mort. bonds of
GENERAL BALANCE AT CLOSE OF EACH FISCAL YEAR.
roads constructed or acquired, at the rate of $20,009 per mile. The
1883.
1884.
1885.
1886.
mortgage is for $20,000,000, and the Union Trust Co. of N. Y. is trustee.
$
$
Assets—
$
In addition to bonds in above table there were live bonds in the sink¬
Railroad
ing fund amoimting to $1,116,500 May 31, 1887.
St’ksA
Land Grant.—Tho lands of the company have been acquired by the
BillsAace'.^
purchase of the Winona A St. Peter and other roads that have been
Materials, fuel, Ac...
1.483,365 1,543,217 2,048,985 consolidated.
1,223,043
Tho Commissioners’ report for 1886-87 showed that the
Cash on hand
3,048,965
2,971,133 4,262,378 4,682,434 total consideration
the lands and lots sold in that year amounted to
Ill. A lowacoal lands
944.132
680,475
617,026
583,526 $687,637. Net cashforreceipts
wrero $689,589. The statement of amounts
154,022,017 156,936,049 162,858,497 174,859,829 secured to be paid to the company by outstanding contracts of sale in
Total assets
$
$
$
$
force at the end of the fiscal year showed a total of $1,269,702.
Liabilities—
30,904,261 30.904,261 30,904,261 30,904,261
Stock, common
table of lands unsold for years ending may 31.
16,540,983 16,540,983 21,540,900 21,555,900
Stock, preferred
Name of grant.
1885.
1886.
1837.
1884.
96,272,000 100,"254,000 101,470,000 111,658,000 Minnesota
Funded debt
685,577
626,811
574,362
373,819
1,711,099
2,093,163
164,958
434,825 Michigan
All other dues Aacc’ts
461,847
443,296
420,423
379,299
1,732,687
1,610.661
2,249,109 Wisconsin
1,729,269
Unpaid pay-rolls, Ac.
308,723
303,165
299,011
297,708
1,781,907
Land department...
Total
1,293,831
1,050,826
1,456,147
1,373,272
5,079,080
5,532,931
7,019.109
8,057.734
Income account
Oi'Erations, Finances, Ac.—The Chicago A Northwestern Railway
Total liabilities.. 154,022,017 156,936,049 162,858,497 174,859,829 has pursued the policy of extending rapidly its lines in the far West.
1883.
Operating expenses—
$
Maint’nce of way*...
2,548,609
Maint’noe of equip’t.
2,489,257
Transp’rt’t’n exp’n’st
8,011,533
1884.
1885.
1836.
$
2,339,635
2,574,437
8,102,668
702,060
140,829
$
2,551,327
2,430,809
8,646,132
733,545
150,658
$
2,641,977
2,327,875
8,675,045
759,350
156,017
then common 7 percent ;
then both classes share.
*
....
.
_
-(V. 44, p.
22,117,149, 260, 275,343, 392,
399, 526, 681, 712, 751; V-'
45, p. 85, 114, 144, 210, 212, 3 42, 400, 472, 592, 613.)
Chicago & Northwestern.—(See Map.)—Line of Road—'The Chic.
A Nortliw. operates 4,101 miles of its own roads and controls 1,339 miles
of the Cliic. St. P. Minn. A Om., 723 miles of Fremont Elk. A Mo. Val.;
77of Wyom. Cent, and107 of Sioux City A Pac.; total controlled,6,347m.
The mileage is extensive, and is shown clearly in the accompanying
East Omaha, Iowa, is 492 miles,
of the whole system,
of that line, with the excep¬
of the fiscal year. May
31, 1887, the Chic. A Northwestern mileage was made up in the annual
report as follows:Wisconsin Division, 549 miles; Galena Division, 400
miles; Iow-a Division, 764 miles: No. Iowa Division, 385 miles; Madison
Division, 509 miles; Peninsula Division, 377 miles; Winona A St. Peter
Division, 448 miles; Dakota Division, 566 miles; total. 4,101 miles.
In
July, 1884, the Blair roads, previously leased.were acquired by purchase,
but the Sioux City A Pacific and Fremont Elkhorn A Missouri Valley ■(in¬
cluding Wyoming Central! are operated separately i907 miles) and their
earnings not included in those of C. A N.W.. but separately stated in tire
annual reports in tho Chronicle onp. 130 of V. 43 and p. 178 of V. 45.
Organization, Ac.—Tin; Chicago St Paul A Fond-du-Lao Railroad
which was a consolidation of several roads, was sold in foreclosure
June2, 1859, ami the Chicago A Northwestern Railway was organized
as its
successor.
In 1864 the company absorbed the Dixon Roek. A
Kenosha, the Gal. A (’hie. Union ami the Peninsular RK. of Michigan,
ami has since absorbed by consolidation a large, number of other roads,
including those which were operated as "proprietary roads.”
In Dccomoer. 1*82. a controlling interest was acquired in the stoek of
tho Chic. St. Paul Minneapolis A Omaha Co. by tho purchase of 53,800
■hares of preferred ami 93,2'H> shares of com. stock.
In July. lMSl, the leased Maes in Iowa (Blair roads) were acquired
OU the terms stated til tho StiiTi.KMKM of June, 1885, and prior issues.
The fiscal year ends May Ml. The annual iiu'oting is held early In June.
Htock and Bonihi. -Of the common •Umk. (110,009,701 was held in
the
‘a treasury on May Ml. Iss7. m iking the whole common
■totk #41 ,M, 1,806.
Preferred "lock ha* prior right t«• 7 jh r cent,
Chicago
map. The main line from
to
and this forms practically the southern boundary
the company having nothing to the south
tion of a few- insignificant branches. At the end
much increased until the issue of new stock
roads, aud a large nominal surplus had been
rolled up, amounting to about $32,000,000 in May, 1886, of winoh over
$21,000,009 was charged off in 1887. (8ee explanation V. 45, p 169.)
The latest annual report issued (1886-87) was in the Chronicle, V.
45, p. 177, showing the following:
The stock had not been
for stocks of proprietary
ROAD AND
Tot. miles
oper’d
Locomotives....
Passeng.Ac.cars
Freight ears....
All other cars..
EQUIPMENT.
1883-84.
1884-85.
1885-86.
3,763
639
449
3,843
3,948
698
435
20,513
546
672
481
20,103
20,100
470
435
1886-37.
4,101
735
507
22,091
553
OPERATIONS AND FISCAL RESULTS.
1883-84.
Operations —
8,623,483
Pass’gers earr’d.
Pass’ger mileage 256,386,389
R’te p.pass.p.m.
Fr’ght(tns) mv’d
•
1884-85.
1885-86.
8,403,884
9,140,195
239,150,020
231,090,788
Earnings—
Passenger
Freight
Mail, express, Ao
Gross cam’s.
2-40 cts.
2-38 cts.
2-38 cts.
2-29 cts.
8,235,127
8.494,239
9,737,312
Maint’co of way
*•
curs, Ac
Prunsp. A mlscel
Tuxes
Total
......
Net earning*
1*
c.
1-31 cts
1-19 cts.
$
6,153,071
17,677,866
1.189,687
*
5,498,111
16,917,391
25,020,824
...
exp. toe.xm.
3.590,917
2.4 18,297
8,429,121
072.621
15,140.950
9.879,008
60 51
$
5,820,151
19,329,484
1,171,081
23,502.000
$
24,279,600
20,321,310
2,939,253
2.951,88 '
2,193,224
7,970.502
*
1466,892,717
1754,593,596
Flo ota.
1-24 cts.
$
5,646,150
17,503,244
1,130,206
1.086.551
$
Expenses—
9,709,934
254,709,295
8,453,994
Fr’ght(tns)m’gel350,173,773 1416,789,205
Rate pr.ton p.m.
1886-87.
090.928
$
2,048,0.3
8,150,221
702,452
13,793.90/
9,708,149
13,859,220
5H09
57 08
10,420,374
$
3.227,245
2,212,289
8,9 18,081
712,125
15,070.342
11,250,974
57-25
Subscriber* will confer
a
For explanation of column
on
first page
Miles
headings, Ac., see notes
of tables.
Date
of
of
Road. Bonds
Size,
Preferred "stock, K. C. St. L. Sc C., guar. C. & A—
Mississippi Riv. Bridge st’k (7 p. c. guar, by C AA.)
C. & A. bonds on Miss. Riv. Bridge, 1st mort., gold
Chicago d. Atlantic—\*A mort., gold, $ or £
2d mortgage (for $5,000,000)
Chicago Hunington d. Northern.—Stock.;
105)
....
249
249
360
360
•
Debenture bonds for Han. * St. Jo. stock—
c*
North Cross R. R. 2d. M (now 1st), g.,s.f.,$50,000
Trust mortgage (Burlington to Peoria)
c
Plain bonds
c*
Sink fd. bonds (for Albia Knoxv. A I). M. roadb.c
Nebraska extension sink’g fu b’ds
c\tr
Dixon Peoria * Hannibal, 1st
c*
Ottawa Oswego * Fox River, 1st
c*
Illinois Grand Trunk, 1st mort
c*
Quiucv Sc Warsaw. 1st mort
c*
S. fund bonds (St. L. R. T. Sc Cliic. mort. eollat )..e
Quincy Alton Sc St. L. (leased), 1st mortgage
c
Burl.A Mo. Riv., 1st on r’d A400.000 acres land).c
do
1st M. conv. bonds, (5th A 6tli series)
Burl. A Mo. cons. M. I. gr. (s.f.$180,000) dr’n at 100
do
Omaha A S.W., 1st M., gu. (drawn at 100)
Burl. A Mo. bonds, s. f. for Atcli. A Nob. RR. stock
guar
Par
•
.
•
100
96
33
....
45
70
48
40
270
46
281
40
628
49
133
....
1877
1881
1883
1,000
1886
500 Ac.
1,00 >
1,000
1,000
100
1886
100
....
1873
1,000
1879
1,000
1882
1,000
1881
1,000
1883
1,000
1860
1864
1,000
1872
1,000
1875
1,000
1887 1,000Ac
500 Ac.
1869
1870
1,000
1870
500AC.
1870
1,000
1876
1,000
1876
1,000
50 Ac.
1863
’69-’70 500 Ac.
600 Ac.
1878
1871
1,000
1880
1,000
1877
1,000
....
INCOME ACCOUNT.
Receipts—
"Net
earuings
Other receipts
Total
Disbursements—
Rentals
paid
C m8true’u, equip., Ac
Interest ou debt
Dividends
Miscellaneous
Total disbursem’ts
Balance, surplus....
$
3,713,578
2S4.773
3,998,351
1884.
1885.
$
3,575,484
278,818
3,854,302
$
1886
$
3,380,322
272,845
3,409,634
282,654
3,653,167
3,692,338
704,473
$
701,777
380,702
254,134
839,307
$
740,759
700,544
$
823,565
292,221
770,683
1,191,184
1,646,840
1,409,750
836,381
1,407,224
86.963
88.263
93,854
102,116
3,930,727
3,621,572
67,624
232,730
3,428,086
225,081
3,3ol,Uo‘Z
390,706
$
1,208,277
-(V. 44, p. 275, 307, 327; V. 45, p. 25, 301.)
Chicago Sc Atlantic.—6pened May 14, 1883, from Marion, O.,on
line of N. Y. Pa. 6c O., to Hammond, Ind., 249 miles, and thence over
the Chicago A West. Ind. to Chicago, 19 miles. Built as a connecting line
for N. Y. P. & O. and N. Y. L. E. A W., and both these companies guaran¬
teed the gross earnings on business over their roads to and from the
Chic. Sc Atlantic, as security for interest on the bonds. Stock, $10,u00,000. of which $9,000,000 was deposited with H. J. Jewett (then President
of N. Y. L. E. Sc W.R in trust to hold and vote on it. On Nov. 1,1884, the
Amount
Outstanding
....
bonds of
1878' issued to build this road, and a sinking fund of
$60,000 per annum provided for their redemption. Should the 35 per
cent be more than sufficient to pay bond interest and 7 per cent on
the stock, the excess is to go to the lessees. Common stock, $271,700,
all owned by C. A A. The Mississippi River Bridge is leased in per¬
petuity from December 3, 1877, at a rental equal to 7 per cent on $300,000 stock and 6 per cent on $700,000 bonds.
The Chic. A Alton preferred stock has prior right to a non-cumulative
dividend not exceeding 7 per ct. from net earnings, and (after payment
of 7 on common) also shares with common in any surplus.
Prices of
stock have been as follows: Preferred in 1881, 140® 153; in 1882,
1305)146; in 1883, 110®150; in 18£4, 142®152; in 1885, 1475)155; in
1886, 1505; 162 ; in 1887, 155®164; in 1888 to Jan.20, inclusive, 163®
163. Common in 1881, 1275)156; in 1882, 127*2®145*s; in 1883, 128®
137*4; ill 1884, 1185/140*4; in 1885, 1285>140; in 1886, 1385146; in
1887, 1305155; in 1888 to Jan. 20, inclusive, 135® 135*2.
Dividends were as follows: prior to the current year : In 1877, both
stocks, 7*g; in 1878, both 7; in 1879, preferred 7, common 6; in 1880,
pref. 7, com. 6*2: in 1881 both 8; in 1882 both 8 : in 1883 both 8 ; in
1884, both 10; in 1885, 1886 and 1887, 8, the periods being changed
from semi-annual to quarterly in May, 1884.
Operations and Finances.—The Chicago A Alton road has been par¬
ticularly strong in having a large local business between Chicago and
8t. Louis, so that it was less dependent on through business, which is
done at competitive rates,
rts leased lines arc as completely controlled
as if owned, and the system is compact.
From Jan. 1 to Oct. 31 in 1887 (10 months) gross earnings were
$7,392,907, against $6,565,102; net, $3,272,222, against $2,848,304.
Operations, earnings, Ac., have been as follows for four years past.
Fisoal year ends Dec. 31. Annual report for 1886 was in V. 44, p. 307.
1883.
or
$100
....
Ten-year debentures
4,036
Chicago Burlington <£ <^uincg—Stoek
Consolidated mortgage (for $30,000,000)
c* 825
790
Trust mort. Iowa, dr. at 100 & 105 (s.f. l*2p.c,).e<tr
Bonds Denver exten., d awn at DO (s.f. 1 p. c. ).c
Bonds for Bur & S.W., drawn at 100 (s. f. 1 p. c.L.c
Railway consol, mort.,
discovered In these Tables.
Bonds—Princi¬
INTEREST OR DIVIDENDS.
Value.
Chicago <& Alton—( Continued)—
1st mort. (redeemable at
Vol. XLVI.
great favor by giving Immediate notice of any error
DESCRIPTION.
Nebraska
SUPPLEMENT.-
INVESTORS’
80
Rate per When Where Payable, and by
Cent.
Whom.
Payable
$1,750,000
300,000
1*2
3*a
665,000
6,500,000
2,500,000
9,000,000
9,000,000
2,250,000
76,390,505
13,986,000
12,302,000
7,968,000
4,300,000
9,000,157
391,000
653,000
547,500
6
6 g.
6 g.
A. A O. N.
5*"
A. AO.
J. A D.
Q.-F.
7
7
5
4
8
8
8
8
5
5
7
8
6
8
4
7
373,000
20,000,000
545,500
1,076.000
890,500
720,000
2,325,000
810,000
4,170,550
224,500
12,790,600
669.000
3,347,000
385,000
M. A N.
F. A A.
Q.-M.
4 g-
Slocks—Last
Dividend.
Nov. 1,
1887
Jan., 1888
Oct. 1, 1912
Nov. 1, 1920
Aug. 1,1923
John Paton A Co.
A J. Chic., Treasurer’s Office
J.
6
2
7
4 A 5
4
4
5
N. Y.,
pal,When Due.
J.
A.
F.
M.
M.
J.
A.
J.
J.
M.
J.
J.
A.
J.
A.
F.
A J.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A. A
J. A
J. A
J. Sc
J. A
A. A
O.
A.
S.
N.
J.
0.
J.
D.
N.
J.
J.
O.
J.
O.
A.
O.
J.
J.
D.
J.
O.
Y., John Paton A Co.
Last
paid May 1,1884
None paid.
N.Y'.ABost., Mer. N. Bk. April 1, 1926
do
do
Boston and New York.
N. Y., Bk. of Commerce.
do
do
do
do
do
do
do
do
Frankfort.
Dec. 1, 1896
Dec. 15,1887
July 1, 1903
Oct. 1, 1919
Feb. 1, 1922
Sept. 1, 1921
May 1, 1913
July 1, 1890
N.Y., N. Bk. of Com’rce. Oct. 1, 1890
Jau. 1, 1896
Boston, Co.’s office.
June 1, 1895
do
do
N. Y. and Boston.
May 1, 1927
N.Y., N. Bk. of Com’rce. July 1, 1889
New York and Boston.
July 1, 1900
Boston, C. B. A Q Office Oct. 1, 1890
N.Y.,Farmers* L.AT.Co. July 1, 1890
Oet. 1, 1901
Boston, Co.’s Office.
N.Y.,Farmers’ L.A T.Co. Feb. 1, 1896
N.Y.A Bost.,Co.’s Office; Oct. 1, 1893
-
do
do
do
do
do
1889
do
do
do
do
do
A 1894
July 1, 1918
June 1, 1896
Jan. 1, 1910
Oct. 1, 1896
roa-ls the company
also has its line in Illinois to East St. Louis, and to
Quincy, connecting with the Hannibal Sc St. Joseph road (purchased by
C. B. A Q. in 1883) across Missouri to St. Joseph. The mileage reported
at the close of 1886 was 4,036, of which 122 miles were leased or oper¬
ated with other companies.
In addition to this the company con¬
trols and largely owns the St. Louis Keokuk Sc N. W. road, 181*2 miles ;
the Kansas City St. Joseph Sc Council Bluffs, 313 miles; the Chicago
Burlington ct Kansas City, 153 miles; the St. Joseph ct Des Moines, 50
a half-interest with Wabash in the Humeston ct Shenandoah,
miles; and
113 miles.
The allied road to St. Paul is the Chic. Bur. ct Northern.
In
September, 1887, the Denver Utah ct Pacitio (narrow gauge), 43 miles,
Denver to Lyons, Col., was purchased.
Organization, etc.—The C. B. <fe Q. was a consolidation in 1856 of the
Chic, ct Aurora and the Cent. Military Track railroads, and purchased
in 1860 the Northern Cross RR. and in 1802 the Peoria & Oquawka road.
The present company was a consolidation, iu January, 1875, of the
Chicago Burlington <t Quincy iu Illinois and the Burlington A Missouri
River in Iowa."
In 1880 the Burlington Sc Missouri iu Nebraska
absorbed.
was
The leased lines are practically owned and there
is no charge for rentals in the income account, except as interest on
bonds. The ownership in the other roads above-mentioned is in the
stocks and bonds thereof, and their accounts are kept separate. In
In August, 1885, the agreement was made with the Chic. Bur. & No.
for tlie line to St. Paul, and the Chic. B. Sc Q. owns $3,000,000 of the
stock of that company; see circular in V. 41, p. 160. The fiscal year
ends Dec. 31. Annual election in April.
Stocks and Bonds.—The stock has been rapidly increased for the
acquisition of new lines, and iu 1880 a distribution of 20 per cent in
stock was made. Dividends have been : In 1877, 9 per cent; in
1878,10*2; in 1879,8; iu 1880, 9*4 cash and 20 stock; in 1881, in
1882, in 1883, in 1884, in 1885, in 1888 and 1887, 8 paid. The prices of
stock have been: In 1881, 133*2®182*2; in 1882, 120*s®141; in 1883,
115^®129‘38; in 1884, 107®L273t; in 1885, 115*2®138*2; in 1886,
128 3*5)141; in 1887,1237a®156; in 1888 to Jan. 20, inch, 127*s®l293t.
The C. B. A Q. on many of its branch lines gave a traffic guarantee of
40 -to 50 per cent, which was used iu purchasing their bonds. The
Kansas City St. Joseph Sc Council Bluffs and branches was purchased
(254 miles), and the Chic. Burl. Sc. Q. stock issued therefor at $125 per
share, taking the St. Jo. stock at $72 50 per share. Enough of the C. B.
& Q. consolidated mortgage is reserved to take up prior debts. The
bonds of 1876 are secured by mortgage bonds of like amount on St.
Louis Rock Island Sc Chicago road deposited with trustees. The collateral
trust Nebraska extension bonds of ’87 (New Eng’d Tr. C’o., of Mass., trus¬
tee.) are Issued at $20,000 per mile for single track and $L0,0u0 per mile
additional for second traffi. See abstract of mortg. in V. 45, p. 441.
The several sinking funds amounted Dec. 31, 1886, to $12,062,035,
as follows: For land grant bonds, Burlington*; Mo. River. RR. (Iowa),
$6,375,568; 4 and 5 per cents, Iowa Division, $1,198,085: 5 per cents
for Albia Kuoxv. * Des M. RR., $215,764; 5 per cents for St. L. R. I. &
C. RR., $62 1,833; 4 per cents of 1922 (Denver extension). $ 135,358 ; 4
per cents of 1921 (Bur. Sc S. W. Rv.), $238,214; B. * Mo. River RR. in
Nebraska 6 per cents of 1918, $2,265,724; B. Sc Mo. River i Nebraska
4 percents of 1910 (A. & N. RR.), $542,043; Republican Valley RR. 6
per cents of 1919, $118,513; Lincoln & N. W. RR. 7 per cents of 1910,
$17,933.
interest due on 1st mort. bonds was defaulted. Tile 2d mortgage bonds
Many of tlie bonds are redeemable (may be drawn) before maturity at
were largely pledged for N. Y. Lake E. Sc W. loans, partly to Graut Sc
various prices, plus accrued iuterest, as above stated in the table. The
Ward, in Feb., 1886, suit was brought by the Farmers’ L. Sc T. Co. to Bur. * Mo. in Nebraska 6s, due 1918, are redeemable at 100, but this
foreclose the first mortgage. In May, 1886, Mr. Jas. H. Benedict was for the “ exempt” bonds applies only after 1903.
elected President.
An outline of proposed foreclosure and arrange¬
Land Grant.—In Iowa only 12,000 acres remain unsold, and the con¬
ment with Erie was in Chronicle of March 19,1887, V. 44, p. 369, by tracts outstanding Dec.
31, ’86, were for $127,680, princinal and inter¬
which arrangem-’t 'lie new issue of bonds will be $12,000,000, bearing 4 v>. est. In Nebraska
the net sales for the year 1886 were 10,947 acres,
ee it for 5 years, 5 per c ent thereafter, gold, guaranteed by N. Y. L. E. A
for $69,269. Contracts on hand, $1,829,849; unsold lands, 81,000
W.t and $100,000 only of stock to be held by that company; there will acres, estimated at $4 per acre, $324,000.
also be $10,000,000 of 5 per cent non-cumulative income bonds. In tlie
Operations and Finances.—The Chicago Burlington Sc Quincy Rail¬
year ending June 30, 1887, gross earnings were $1,992,544; net over road lias been one of the most profitable in the country, as its numerous
expenses and taxes $511,687; deficit under rentals and all interest,
branches tributary to the main line were built into choice agricultural
$81,236. (V. 43, p. 131, 217, 308, 333; V. 44, p. 21, 173, 313, 369.)
territory, where they enjoyed a monopoly of the local business at full
Chicago Rurllngton Sc Northern.—Owns irom Oregon, Ill., rates. The company gives no full traffic statistics in its report, and the
to St. Paul, Minn., 318 miles, and track from Fulton to Savanna, Til; total mileage of freight and passengers is not known; but ooru is the most
860 miles. The road was completed Aug., 1886, under Chicago B. & Q. imnortant article carried.
From Jan. 1 to Nov. 30 in 1887 (11 mos.) gross earn’gs were $25,448,822,
auspices, as per circular of August 1, 1885 (in Chronicle, V. 41, p.
160). The Chic. B. Sc Q. and Chic. & Iowa give a traffic guarantee for against $24,359,976 in 1886; net, $11,462,885, against $11,854,351.
The annual report for 1886 was published in the Chronicle, V. 44,
twenty yeais of oue-half of their net earnings derived from business to
and from the C. B. Sc N., to be not. less than $100,000 per year, for the id. 432>. Comparative statistics for four years are as follows:
-
-
purchase of C. B. Sc N. bonds at 105; and after 1896 the bonds may all
be retired at 105. Any 2d mort. issued must be limited to $10,000 per
mile, and shall provide that, out of the bonds issued thereunder, an
amount equal to the priueipal of the debentures then outstanding
shall be reserved and applied only to their payment. From Jan. 1 to
Nov. 30 in 1887 (11 months) gross earnings were $2,134,200; net earn¬
ings, $507,837. (V. 43, p. 125,217, 308, 334,516,619; V.45, p. 210,436.)
Chicago Hurllngton Sc tourney. — Line of Road.—Th*. C. B. Sc
Q. is one of the most complex railroad systems in the U. S. It has a net¬
work of lines in I1L, Iowa and Neb.
The main line extends from Chic.
HI., to Burlington, Iowa, 204 miles, and thence to Pacific Junction, 276
miles, and from Pacific Junction to Denver.Col., 577 miles,making the
distance from Chicago to Denver 1,057 miles. From Pacific Junction
to Council Bluffs is 18 miles (track used joiutly with K. C. St. Jo. Sc C.
B.), making the C. B. Sc Q. line, Chicago to Council Bluffs, 498 miles.
TheExtens. to Denver was opened May, 1882. Besides numerous local
Miles ow’d and leas’d
Miles oper’d jointly.
Total
operated..
1883.
1884.
1885.
1886.
3,224
3,369
3,534
3,914
98
98
3,322
122
113
3,647
3,467
'
4,036
FISCAL RESULTS.
1883.
1884.
$
$
1885.
$
Total gross earnings
Oper. exp. & taxes..
26,110.369
13,496,479
25,483,613
14,090,745
26,556,425
14,405,768
26,728,408
14,491,683
Net earnings
P.C. of op.ex.
12,613,890
11,392,868
12,150,657
12,236,725
Earnings—
Passenger
Freight.
Mail, express,
1886.
$
.
5,633,261
5,286,407
5,285,839
5,339,866
19,514,161 IS,514,432 19,565,854 19,367,935
1,704,164
1,727,212
1,310,369
1,629,315
Ac....
to earn
51-7
55-3
.
54*25
54-22
KAILROAD
January, 1888.]
STOCKS
Subscribers will confer a great favor by giving
DESCRIPTION.
For
Miles
explanation of column headings, Ac., see notes
on first page of tables.
Chicago Burlington (6 Quincy— (Continued)—
Repub. Valley RR. (drawn at 100) s. f., $14,000.o
Atchison & Nebraska. 1st mortgage
Lincoln & No’w’n RR. bds (drawn at 100) s. f. 1 p.c.
Date
of
of
Road. Bonds
148
146
72
274
©7
City St. Jo. A C. HI., mortgage
Chicago <£ Canada Southern—1st mort., gold
Chic, c£ East. III.—Stock
1st M.,coup. (s. f. $20,000 after ’85)
Consol, mort., gold (for $0,000,000)
Kansas
1879
1878
1880
1877
1872
240
....
110
208
Collateral trust bonds
15
C. A E. Ill. Extension. 1st mortgage
General consol, mortgage
Dan. A Grape Creek RR.—1st mortgage
Strawn & Ind. State Line bonds, guar
cAr
res’d)
2d mort
Northw est. Grand Trunk, 1st mort
330
330
00
10
Chicago & Great Western— 1st mort., gold
c*
2d mort., for $4,000,000, gold
c*
145
Chicago d• Indiana Coal— 1st mortgage
80
Chicago <£ Iowa—1st A 2d morts. (1st is $000,000).
24
1st A 2d mortgages C. R. & N
5,298
Chicago Mitivaukee <£• St. Paul—Cora, stock
Preferred st’ek (7 p.c. yTly, not cumulative)
5,298
1,435
Consolidated mortgage (for $35,000,000)
370
1st mort. (Lacrosse Div.)
230
1st mort. (Ia. & M.)
2 S
49
1st mortgage (Minnesota Central)....
4—1
126
1st mortgage (Iowa & Dakota)
1st M.,Ia.&Dak.Ext.($15,000p.m.).
1st mortgage (Prairie duChien)....
2d mortgage (Prairie du Chieu)....
Milwaukee A Western
immediate notice of
Size,
ru
O <D
234
195
195
0X2
Total income
Disbursements—
Rentals paid
Interest on debt.
Dividends
Rate of dividends...
Carried to sink’g f’d.
Transf’dtoren’alf’d.
....
Total disbursements
1883
1884.
$
12,613,890
11,392,868
$
566,769
324,180
..
'
or
Par
Outstanding
$1,000
$1,078,000
lOOAc.
lOOAc.
1,000
1877
1,000
2,703,000
188 i
1887
1880
1*600
400,000
112,000
1,000&C
1,000
2,518,000
121,000
1880
£100 Ac
5,444,000
1882
1880
1,000
500 Ac.
1886
1,000
1,0( 0
1,000
1,000
188*6
1870
1875
1875
discovered in these Tables.
When
Payable
Where Payable,
Whom.
Bonds—Peine,
pal,When Due
Stocks—Last
Dividend.
and by
6
7
7
7
7 g.
3
6
6 g.
6
6
5
6
J A J.
Poston, Co.’s Office,
do
do
M. & S.
do
do
J. & J.
do
do
J. A J.
A. A O.
M. A S. N. Y., Central Trust Co.
J. A D. ' N. Y.,4t.hNat. Bk. A Post.
A. A O. N. Y., Central Trust Co.
do
do
F. A A.
J. A D. jNew York. 4tli Nat. Bk.
New York.
M. A N.
M. A N. Boston, Globe Nat. Bk.
Jan. 1, 1919
Mar. 1, 1908
Jan. 1, 1910
Jan. 1, 1907
1863
1807
1804
1809
1878
1868
1868
1801
1885.
$
12,150.657
592,432
T*'
J.
J.
J.
J.
J.
r.
j.
A.
A.
J. New York and London.
do
do
J.
J. N.Y.. E.P. Beach,B’way.
New York Office,
D.
do
do
D.
N. Y., Met. Trust Co.
J.
J. N. Y., Farmers’ L.AT.Co.
O.
O.
New York, Office.
do
do
O.
do
do
do
do
do
do
do
do
J.
do
do
J.
do
do
J.
do
do
A.
do
do
A.
do
do
J.
Jan. 1, 1900
Jan., 1922
3,198,000
123,000
7
541,000
7
7
8
1,000
1,000
1,000
1,000
1,000
1,000
1880.
$
12,236,725
615,342
840,771
4.391.004
8
8
046,430
938,004
500,000
1,000,000
11,448,532 12,238,430
1,640.690
1,490,449
153,215
6,110,722
8
670,295
1,000,000
12,325,236
1,373,602
Balance,surplus
2,583,433
—(V. 44, p. 59, 90, 211, 343, 415, 432, 466, 513, 525 ; V. 45. p. 52, 210,
373, 441, 575. 792.)
Chicago Sc Canada Southern.—Owns from Grosse Isle, Mich., to
Fayette, O., 67 miles. On Nov. 1, 1879, it was transferred to the Lake
Shore A Michigan So.
It has a capital stock amounting to $2,667,400
and a bonded debt of $2,541,000, and owes $2,223,051 overdue coupons.
^Original cost, $5,170,557. It is a part of a projected line between ChiicagO and Detroit River, but failed in 1873.
Gross earnings in 1885,
!$40,974, def. under operating expenses, $19,601. Gross in 1880, $45,6i3; deficit under operating expenses and taxes, $9,443. On October
23,1886, a suit in foreclosure was begun. (V. 43, p. 515.)
Chicago Sc Eastern Illinois.—Owns from Dolton, III., to Dan¬
ville, III., 107*2 miles; Covington, Ind., to Coal Creek, Ind.. 9 miles;
Danville to SideU’s, 22 miles; leases, Dolton to Chicago (use of track C.
AW. I.), 16 miles; Wellington Junction to Cissua Park, 13 miles; Evans¬
ville Terre Haute A C. RR., Terre Haute to Danville, Ill., 55 miles; Otter
Creek to Brazil, Ind., 13 miles ; Danville, Ill., to Covington, Ind., use of
track, 13 miles; total operated, 240 miles.
The Chicago A East Illinois was chartered as Chicago Danville A
Vincennes in 1805, and opened in 1872 and 1873. Sold under foreclos¬
ure Feb. 7, 1877, and reorganized under existing style Sept. 1,1877.
Under the terms of leases the C. A E. Ill. guarantees interest on $1,515,000 bonds of leased roads. There are $65,000 of 2d mort. incomes, due
1907, yet out.
In April, 1887, a sale was made of nearly the whole stock of this com¬
pany at 110 to parties interested in the Chic. A Ind. Coal R’y (see V. 44,
p. 458), and in Nov., 1887, a consolidationwas made with tiie several
branches, preparatory to a merger with the Chic. A Indiana Coal road.
Pref. 6 per cent stock to the amount of $3,000,000 has also been issued.
The general consolidated mortgage of 1887 (Trustee, Central Trust
Co.) provides for the retirement of $8,000,000 prior bonds and for issue
of bonds ou new road at $18,000 per mile lor single track, $7,000 per
mile additional for equipment and $8,00 J per mire for double track.
For the year ending June 3o, 1887, gross income was $1,950,104;
net, $800,042; interest and rentals, $579,756; surplus, $220,285; divi¬
dends, 5*2 per cent, $165,000; balance, $55,285; charges for new con¬
struction and equipment. $606,711.
(V. 43, p. 102, 398, 430; V. 44,p.
433,458, 553; V. 45, p. 142, 304, 340, 472, 508, 042, 767; V.46,p. 102.)
Chicago Sc Grand Trunk.—Lino of road from Port Huron, Mich.’
to Chicago, 330*2 miles; also uses 4*2 miles of Chicago A West. Indiana
and 4 miles Grand Trunk Junction RR.; total operated, 339 miles. This
is a consolidation of roads between Port Huron and Chicago formed in
April, 1880, under the control of the Grand Trunk of Canada. Stock,
$6,600,000 in $100 shares. The Grand Trunk of Canada gives a tratfic
guarantee of 30 per cent of gross earnings. Gross earnings from Jan.
1 to Sept. 30 in 1887 (9 months) were £518,500, against £451,842
in 1880; net, £135,007, against £92,283.
In 1886, gross earnings,
$3,041,408; net, $685,349, all expended in payment of interest, rentals,
Ac.
(V. 44, p. 400; V. 45, p. 52.)
Chicago Sc Great Western.—Owns a double-track road entering
Chicago from the west, and terminating at Polk st., east of the Chicago
River, with large terminal property. The interest on 1 st mort. bonds is
guaranteed
and its allied lines, which enter
theroad.
Wisconsin
Stock,Central
$8,000,u00.
liicago overbythis
3,505,000
3,074,000
1,241,000
215.000
A
A
A
A
A
A
A
A
A
A. A
J.
J.
J.
J. A
J. A
J. A
F. A
F. A
J. A
8
1,000
4,294,263
6,110,572
139,604
1,750,000
6
5 g.
5 g5
8
11,470,000
5,261,000
13,098.838
$
4,304,284
5,560,580
6,000,000
550,000
4,000,000
1,000,000
3,089,000
100
985,796
11,950,425
3.000.000
Rate per
Cent.
1,000
1,000
Too
13,728.885
$
187,171
646,430
any error
400,000
40,904,201
21,596,900
1,129,591
1,500,QUO r
600,000
5,000,000
2,541,000
5,000,000
1884
13,089,228
$
8
1.125,000
100
100 Ac.
1,595,788
144,506
Amount
Value.
14,533,858
$
4,093,005
5,560,484
31
INTEREST OR DIVIDENDS.
INCOME ACCOUNT.
Receipts—
BONDS.
April 1, 1902
Sept. 1, 1887
Dec.
Oct.
Fob.
Dec.
Nov.
Mav
1, 1937
1. 1920
2ia
3ia
7
7
7
7-3
7
Jan. 1, 1910
June 1.1986
June 1,1930
Jan. 1, 1936
1900 A 1901
1895
Oct. 14, 18871
Oct. 14, 1887
July 1, 1905
1893
July, 1897
1894
1899
July 1, 1908
1898
1898
1891
Wisconsin, Minnesota, Iowa and Dakota, which are well shown on the
accompanying map. The main through lines are from Chicago to Mil¬
waukee, 85 miles; Milwaukee to St. Paul and Minneapolis, via La Crosse,
341 miles; Milwaukee to Prairie du Chien, 194 miles; McGregor (oppo¬
site Prairie du Chien) to Chamberlain, Dak., on the Missouri River. 442
miles; Chicago, via Savanna, on the Mississippi River, to Council Buffs,
On Dec 31,
Iowa, 1,511;
in Minnesota, 1,117; in Missouri, 12; in Dakota, 1,114. Total miles oper¬
ated, 5,298. On Nov. 1, 1887, the line to Kansas City was opened.
la., 487 miles ; Minneapolis to Aberdeen. Dak., 288 miles.
1880, the mileage in Illinois was 313; in Wisconsin, 1,231; in
Organization, Ac.—The Milw. A St. Paul RR. Co. was organized May
5, 1803, and embraced a number of other companies, including the Mil¬
waukee A Miss., the Prairie du Chien, the Lacrosse A Milwaukee, and
others.
The Milwaukee A St. Paul afterward purchased the St. Paul A
Chicago Road aud others, and built the line from Milwaukee to Chicago,
and ou February 11, 1874, the company took its present name. The
The fiscal year ends Dec. 31. The annual meeting is held early in June
Stocks and Bonds.—The preferred stock has a prior right over the
common stock to a dividend of not over 7 p. c. from net earnings in
each year, but if not earned it has no cumulative right. If a dividend
was earned in any year and not paid, there might be a claim on future
years for such dividend. After payment of 7 on pref. ami 7 on com.,
both classes share pro rata. Dividends paid since 1873 have been as
follows (prior to current year): In 1874, 7 ou preferred paid In consol,
bonds; in 1875 uo dividend; in 1870, 3*2 cash on preferred and 14 per
cent in bonds; in 1877, 3*2 on preferred; in 1878, 10*2 on preferred; in
1879, 2*2 on common and 7 on preferred; in 1880,1881,1882, 1883 and
1881, 7 on both; in 18S5, 4 on common and 7 on preferred; in 1886 and
in 1887, 5 on common and 7 on preferred.
The range in prices ot stocks since 1877 have been: Pref. in 1878, 64®
84%; in 1879,7438^102%; in 1880, 99@124*e; in 1881, 110%®140; in
1882, 114*2® 141*4; in 1883,115 2)122%; in 1884, 9570®119: in 1885,
1022)125; in 1886, 1102)125%; in 1887, 1102)127%; in 1888 to Jan.
20. inch, 112*22>115*2. Common—In 1878. 27*2^54^; in 1879. 3 Ufe®
82*e; in 1880, 60*2^11434; in 1881, 101*e®129%; in 1882, 96*22)
128%; in 1883, 91%2108*2; in 1884, 58%2>94%; in 1885, G4%®99;
in 1886, 8258 2)99; in 1887, 695s2)95; in 1888 to Jan. 20, inch, 74 2) 77*2An abstract of the terms of some of the principal mortgages was pub¬
lished in the Chronicle, V. 45, pp. 85, 114, 144 and 212.
Of the consolidated mortgage bonds of 1875, enough were reserved to
take up the prior bonds; these bonds may be stamped and discharged
from the sinking fund provisions.
The Chicago A Pacific Western
Division bonds are issued at $20,000 per mile on new lines built or ac¬
quired. The St. Paul A Chicago, the Chicago A Milwaukee, the Consoli¬
dated and the Iowa A Minn. Div. bonds are convertible into preferred
stock. The terminal bonds issued in 1884 are secured by mortgage on
the terminal property in Chicago and Milwaukee, subject to the lien
of the general mortgage on part of the track and terminals in these
cities; but it covers also property quite detached which cost about
$3,000,000 acquired tome time after the general mort. was made; also
property to be acquired as needed to amount of $3,000,000 and
depot in Milwaukee costing $1,000,000. The Income bonds of 1886
are for an authorized issue of $5,000,000, and are convertible into
common
stock, on notioe, 60 days after any dividend day. They
have a sinking fund of 4 per cent, beginning in 1889, aud may
be drawn at 105. After ’88, if a majority of the bondholders so request,
a 2d mortgage shall be made
on the line, Chicago to Kansas City,
and a first on the Mo. River bridge and terminals in Kansas City.
In addition to above bonds there are $89,000 Hastings A Dak. 7s, due
in 1902, and $35,000 Oshkosh A Miss. River 8s, due in 1891; also
$275,000 5 per cent real estate mortgages due in 1890 and 1894.
Operations, Finances, Ac.—The mileage and also the stock and debt
of tliis company increased very rapidly in six years, the miles owned
being 2,359 on January 1, 1880, against 5,298 on January 1, 1887, and
the stock and bonded debt, in round figures, $69,000,000 on January 1,
1880, against $164,118,161 January 1, 1887. In June, 1887, $10,090,000 new common stock was issued for new acquisitions, extensions,
Ac., of which $7,000,000 (12 per cent on their lioliiugs) was allotted to
stockholders of record June 25, at $85 per share.
From Jan. 1 to Nov. 30 in 1887 (11 mos.), gross earnings were
$22,848,385, against $22,403,162 in 1886, and net earnings, $8,774,436,
against $9,039,470.
The annual report for 1886 was in V. 44, p. 399. The statistics in
detail were given in the Chronicle, as follows:
Chicago Sc Indiana Coal.—Line of road, Brazil to La Crosse, Tnd.,
In May, 1887, leased 34 miles of the Chic. A West Mich,
operations and fiscal results.
road, La Crosse to New Buffalo. This company acquired at foreclos¬
1883.
1884.
1885.
ure the former Chic. A Great Southern, and in April, 1887, parties inter¬
4,700
4,804
4,921
ested in the C. A I. C. road purchased the stock of the C. A E. III. RR at Miles operated
Operations—
110. The stock authorized is $6,000,000 common and $4,000,000 pref.,
4,591,232
4,904,678
4,819,187
of which $2,197,800 com. and $1,465,200 pref. have been issued. Divi¬ Passengers carried..
dend of 1*2 per cent payable on pref. stock Dec., 1887. Gross earn¬ Passenger mileage... 235,579,660 225,851,443 214,550,187
Rate per pass. p. mile.
2#52 ots.
2 55 018.
2*56 ots.
ings fbr year ending June 30, 1887, $381,372; net earnings, $174,870;
5,661,667
6,023,016 6,482,869
interest, $146,732; rental, $3,250; surplus, $24,888. H, H. Porter, Freight (tons) moved.
Freight (tons) mil’ge.1176605032 1247737233 1337721453
President. (V. 43, p. 66, 516, 658; V. 44, p. 458, 494, 495.)
1-39 cts.
1*29 cts.
1*28 cts.
ale.
Av. rate p. ton p. mi
Chicago Sc Iowa.-Owns from Aurora, HI., to Foreston, Ill., 80
$
$
$
Earnings—
miles; leased. Flagg Centre to Rockford. 24 miles; total operated. 104 Passenger
5,7667843 5,499,737
5,927,668
miles. Capital stock, $1,428,000. This road is controlled by the Chicago
16,365,354 16.128,964 17,101,742
Freight
Burlington A Quincy, which owns the stock and bonds.
1,811,794
1,575,191
Mail, express, Ac
1,366,802
Chicago Milwaukee Sc St. Paul.—(Nee Map.)—Line of Road.—
The company operates a great consolidated system of railroads in Illinois,
Total gross eam’gs 23,659,824 23,470,998 24.413,273
145 miles.
1, 1907
1, 1934
1, 1912
1, 1931
150,000
Chicago & Or. Trunk—IstM., $ A £ ($556,000
Net earnings
Interest and exeli
Net B. A M. I'd gr’t..
AND
.
1886.
5,298
5,481,400
234,444,700
2‘42 cts.
7,085,072
1486509713
117 ots.
$
5,661,690
17,358,294
1,698,410
24,713,403
"
RAILROAD
January, 1888. J
Subscribers will confer
a
first page
AND
BONDS.
33
great favor by giving immediate notice of any error discovered in these Tables.
DESCRIPTION.
on
STOCKS
Miles Date
Size, or
of
of
par
Road. Bonds. Value.
of tables.
Bonds—Princi¬
pal .When Due.
INTEREST OR DIVIDENDS.
Amount
Outstanding
Rate per
When
Cent.
Where
Pay’ble
Payable and by
Whom.
Stocks—Last
Dividend.
Chicago Hilw <£ St. I'aul—(Cant'd)—
*
8t. P.AC.lst M.(Riv. D.)$A£(conv.) fSeepreeed f
1st M., Chic. & Mil. line
S iug page. (
130
85
Bonds
185
Lac’se &Dav. Div., for Dal&Nw. RR.
1st mort. on 8. W. Div. Western Union RR...
1st mort. on Chic. & Pac. Div., Cliic. to Miss. Riv..
1st mort. on So. Minnesota Div. ($9,000,000)
Land grant income bonds, drawn at 105
1st M. onHast.A Dak. Div.extens.($ 15,000 p.m.).
1st M. on Ch. Cl. D. & M
1st mort. on Wisconsin Valley RR
Prior mort.
do
1st
1st
on
212
119
419
417
372
107
107
142
68
230
'
mortgage, Mineral Poiut Division,
mortgage Chic. A Lake Superior Div.,
IstM.Wis. A Minn. Div. ($20,000 p. m.)
1st M., gold, on Chic. & Pac., W. Div., $20,000 p. m.
Chic. & Mo. Riv. Div., lstmortg., ($20,000 p. m.;.
Income bonds convertible
Terminal mort., gold, coup. orreg.(for $5,000,000)
1,245
77
....
....
119
Fargo & Southern, 1st mortgage, gold, assumed..
do
incomes
Dakota & Gt. South’n, 1st,
....
gold ($18,000
per in.).
Chicago <& Northwestern— Common stock
Preferred st’ck (7 p. c. y’rly, not cumulative)
....
4,101
;4, lul
Consol, sinking fund M
776
Madison extension, 1st mort., sinking fund, gold.
126
Chic. & Mil., 1st mortgage
85
Menominee River, 1st mort., guar
25
Menominee extension, 1st mortgage, gold
120
Gen cons more., gold, coup, orreg. ($48,000,000) 1,058
Winona & St. Peter, 2d mort., guar, by Chic. AN. W.
137
do
1st M. exten. gld„ land gr., 8. f..
175
Iowa Midland, 1st mort., guar, oy Chic. A N. W..
75
Operating expensesMaint’nce of way*...
Maint’noe of equip’t.
Transp’rt’t’n exp’n’st
1,000
1,000
1,000
....
1,000
1,000
1,000
1881
1881
1881
1886
1886
1884
1883
1885
1886
500
1,106,500
1,000
1,000
1,000
1,000
2,840,000
1,360,000
4.755,000
24,540,000
2,049,000
2,000,000
1,000
1,000
1,000
1,000
1865
1,000
1871
500 &c.
1,000
....
1876
1871
1872
1870-1
1871
1870
500 Ac.
500 Ac.
1,000
100 Ac.
1.000
1836.
$
2,641,977
2,327,875
8,675,045
759,350
150,658
156,017
operating exp. 13,859,629 14,512,471
9,611,369
earnings
9,881,787
59*05
ct.op.ex. to earns
58-23
14,560,264
9,900,802
14,560,264
10,158,139
59-45
5890
t Ii
rent of cars,
trackage, Ac.
INCOME
1883.
$
Receipts—
Net earnings
Other receipts
Total income
....
1885.
$
9,611,369
9,900,802
jjj
10,158,139
164,707
82,307
105,939
144,654
10,046,494
9,693,676
10,006,741
$
5,918,608
6.096,573
3,321.167
7 both
2,394,039
10,302,793
$
6,241,093
3,053,076
7 A 4
7 A 5
$
5,373,925
3,212,895
Tot. disbursem’nts
8,586,820
7 both
Balance for year....
1,459,674
♦These are the actual dividends
time when they were earned.
$
1886.
9,881,787
Disbursements—
Interest on debt
Divs. on both stocks*
Rate of dividend
$
8,490,612
9,239,775
9,294,169
453,901
1,516,129
1,008,624
paid in the year, without regard to the
GENERAL BALANCE AT CLOSE OF EACH FISCAL YEAR.
1883.
Assets—
,$
1884.
$
1835.
-
*
1886.
$
Railroad,equipm’tAcl46,093,665 149,426,734 154,223,775 165,898,616
St’ks & b’ds own., cost
754,792
877,486
1,161,980
1,228,283
BillsAacc’ts rec’able
768,782
1,452,309
1,550,232
1,146,059
Materials, fuel, &c...
1,543,217
2,048,985
1,223,043
1,483,365
Cash on hand
3,048,965
2,971,133 4,262,378
4,682,434
Ill. & Iowa coal lands
944.132
630,475
2,549,500
12,343,000
1,592,000
4,079,500
1.350,000
617,026
583,526
154,022,017 156,936,049 162,858,497 174,859,829
$
$
$
$
30,904,261 30.904,261 30,904,261 30,904,261
Stock, common
16,540,983 16,540,983 21,540,900 21,555,900
Stock, preferred
Funded debt
96,272,000 100,254,000 101,470,000 111,658,000
All other dues Aacc’ts
164,958
2,093,163
1,711,099
431,825
1,729,269
1,732,687
1,610,661
2,249,109
Unpaid pay-rolls, Ac.
Land department...
1,781,907
Inoome account
5,532,931
7,019,109
8,057.734
5,079,080
Total assets
Liabilities—
Total liabilities.. 154,022,017 156,936,049 162,858,497 174,859,829
-(V. 44. p. 22,117,149, 260, 275, 343, 392, 399, 526, 631, 712, 751; V45, p. 85, 114, 144, 210, 212, 312, 400, 472, 592, 613. j
Chicago & Northwestern.—(See Map.)—Line of Road—The Chic.
A Northw. operates 4,101 miles of its own roads and controls 1,339 miles
of the Chic. St. P. Minn. & Om., 723 miles of Fremont EJk. A Mo. Val.;
7 g.
7
5
6
6
6
7
7 A 5
6
6
7
5
5
5 g.
5 tf,
5
5
5 g6 g*
6
5- g.
3
1%
7
7
7
7
7
7
7
7
8
g.
g.
g.
g.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
A.
J.
J.
A J. London and New York.
A J.
New York, Offloe.
& J.
do
do
& J.
do
do
& J.
do
do
& J.
do
do
& J.
do
do
& J.
do
do
& J.
do
do
& J.
do
do
& J.
Boston. '
& J.
New York, Office.
& J.
do
do
& J.
do
do
& J.
do
do
& J.
do
do
& J.
do
do
& J.
do
do
& J.
do
do
& O.
do
do
A J.
do
do
A D. N.Y.Co.’s Office. 52 Wall
do
do
Q. —M.
do
do
Q .—F.
A A O.
do
do
J. A J.
do
do
J. A J.
do
do
J. A D.
do
do
J. A D.
do
do
M. & N.
do
do
J. A D.
do
do
A. A O.
do
do
Jan., 190?
1903
July 1, 1919
July 1, 1909
Jan. 1, 1910
Jan. 1, 1910
Jan. 1,
Jan.
Jan.
1, 1890
1, 1910
July 1, 1920
July 1, 1920
Jan.
1, 1909
July 1, 1910
July 1, 1921
July 1, 1921
Jan.
1, 1921
July 1. 1926
July 1, 1916
July 1, 1914
Jan.
1, 1924
1895
Jan. 1, 1916
Dec. 24,1887
Dec. 24, 1887
Feb. 1, 1915
April 1, 1911
July 1, 1898
July 1, 1900
June
Deo.
Nov.
Dec.
Oct.
1,
1,
1,
1,
1,
1911
1902
1907
1916
1900
then common 7 per cent ; then preferred 3 per cent; then common 3;
then both classes share. Dividends since 1875 (prior to the current
year) have been: In 1876, 2% on preferred; in ’77, 3*2 on pref.: in ’78, 7
on pref. and 5 on com.; in ’79, 7 on
pref. and 5 on oom.; In ’80, 7 on pref.
and 6 on com.; in ’81, 7 on pref. and 6 on com.; in ’82, 7% on pref. and 7
on com.; in ’83 and ’84.7 on com. and 8 on
pref.; in ’85, 6*2 ou com. and
7*a on pref.; in ’86 and in *87, 6 on com. and 7 on pref.
Prices of stock since 1877 have been as follows: Common in 1378,
32*s»55*4; in 1879, 49583-9412; in 1880. 87*e®130; in 1881. 1173)136;
in 1882, 124® 150%; in 1833, 115*43)14018; in 1884, 81*2® 124; in 1885,
84382)115%; in 1886, 104143)12058; in 1887, 104*4^127%; in 1888 to
Jan. 20, inclusive, 106i4 31093g. Pref. in 1878,59%®79%; in 1879,76%
3)108; in 1880. 104^146%; in 1881, 131*83)14712: in 1882, 1363)175;
in 1833, 1343>157; in 1884, 1173149*2; in 1885, 119%3139%; in 1886.
1353144; in 1887, 137%3153*4; in 1888, to Jan. 20, inclusive, 140*2®
144.
The
ACCOUNT.
1884.
31,367,450
22,323,170
12,654,000
2.977,500
1,700,000
560,000
....
$
2,551,327
2,430,809
8,646,132
733,545
property, legal, insuranee
200,000
988,000
100
100
....
....
1885.
Includes renewal of track,
sonal injuries and damages to
1,250,000
....
$
*
4,666,000
1.000
1884.
2,339,635
2,574,437
8,102,668
702,060
$3,804,500
2,393,000
2,500,000
4,000,000
3,000,000
7,432,000
1,397,000
6,265,000
6,576,000
1,669,000
1,000
1880
1380-6
1880
1880
1879
1880
$
2,548,609
2,489,257
8,011,533
Tot.
Pr.
1,000
140,329
Miscellaneous
Net
$500Ac.
1879
1879
1880
1880
1883.
614,609
114,029
Taxes
1872
1873
bonds,
sinking fund bonds of 1879 are secured by a deposit of mort.
on the new roads acquired at the rate of $15,000
per mile, and the
terms under winch these are issued were published in V. 29, p. 277.
Of these bonds so far issued, $6,305,000 are 6s and the balance
58.
There are several small issues of bonds in addition to tnose in
the table above, viz.: Beloit & Madison RR., $91,000. 7s, due Jan. 1,
1888 : Minnesota Valley RR., $150,000. 7s, due 1908 ; Plainview, $100,-
000, 7s, due 1908; Peninsula Railroad (Mich.). $152,000 7s, due 1898.
The $10,000,000 debenture bonds were issued to pay for the Chicago
St. Paul Minneapolis A Omaha stock; the siukiug fund for these bonds
is $200,000 per year from May, 1888, if they can be redeemed at 105.
In June, 1884. the new issue of $6,000,000 5 per cent debenture bonds
was authorized, of which $1,966,500 went for the
purchase of Blair
roads and the balance to be used for improvements as required.
Any
future mortgage on the property of the company owned at date of these
bonds, shall include them.
The C. A N. W. exten. bonds of 1886 are direct bonds of the C. A N.
W. Company, secured by the deposit in trust of the 1st mort. bonds of
roads constructed or acquired, at the rate of $20,000 per mile.
The
mortgage is for $20,000,000, and the Union Trust Co. of N. Y. is trustee.
In addition to bonds in above table there were live bonds in the sink¬
ing fund amounting to $1,116,500 May 31,1887.
Land Grant.—The lands of the company have been acquired by the
purchase of the Winona & St. Peter and other roads that have been
consolidated. The Commissioners’ report for 1886-87 showed that the
total consideration for the lands and lots sold in that year amounted to
$687,637.
Net cash receipts were $689,589. The statement of amounts
secured to be paid to the
company by outstanding contracts of sale in
force at the end of the fiscal year showed a total of $1,269,702.
TABLE OF LANDS
Name of grant.
Minnesota
Michigan
Wisconsin
1884.
635,577
461,847
308,723
UNSOLD FOR YEARS ENDING
1885.
626,811
443,296
303,165
MAY
31.
1886.
1837.
574,362
373,819
379,299
420,423
299,041
297,708
Total
1,456.147
1,373,272
1,050,826
1,293,83 L
Operations, Finances, Ac.—The Chicago A Northwestern Railway
has pursued the policy of extending rapidly its lines in the far West.
The stock had not been much increased until the issue of new stock
for stocks of proprietary roads, and a large nominal surplus had been
rolled up, amounting to about $32,000,000 in May, 1886, of which over
$21,000,000 was charged off in 1887. (See explanation V. 45, p 160.)
The latest annual report issued (1886-37) was in the Chronicle, V.
77ofWyom. Cent ,andl07 of Sioux City APac.; total controlled,6,347m. 45, p. 177, sho wing the following:
The mileage is extensive, and is shown clearly in the accompanying
ROAD AND EQUIPMENT.
map. The main line from Chicago to East Omaha, Iowa, is 492 miles,
1883-84.
1884-85.
1885-86.
1886-87.
and this forms practically the southern boundary of the whole system,
Tot. miles oper’d
3,763
3,843
3,943
4,101
the company having nothing to the south of that line, with the excep¬
639
672
693
735
tion of a few insignificant branches. At the end of the fiscal year, May Locomotives....
449
481
485
507
81, 1887, the Chic. A Northwestern mileage was made up in the annual Passeng,Ac.cars
20,100
20,103
22,091
report as follows .-Wisconsin Division, 549 miles; Galena Division, 400 Freight cars
20,513
435
470
546
558
nines; Iowa Division, 764 miles; No. Iowa Division, 385 miles; Madison All other cars..
Division, 509 miles; Peninsula Divisiou, 377 miles; Winona A St, Peter
OPERATIONS AND FISCAL RESULTS.
Division, 448 miles; Dakota Division, 566 miles; total, 4,101 miles. In
1884-85.
1885-86.
1886-87.
Operations—
1883-84.
July, 1884, the Blair roads, previously leased,were acquired by purchase,
8,623,483
9,140,195
9,709,934
8,403,884
but the Sioux City & Pacific and Fremont Elkhorn & Missouri Valley (in¬ Pass’gers carr’d.
256,386,389 231,090,788 239,150,020 254,709,295
cluding Wyoming Central) are operated separately (907 miles) and their Pass’germileage
R’te p.pa88.p.m.
2-29 cts.
2-38 cts.
2-36 cts.
2-40 cts.
earnings not included in those of C. & N.W., but separately stated in the
8 235 127
8 494 239
9,737,312
Fr’ght(tns) mv’d
8,453,994
annual reports in the Chronicle onp. 130 of V. 43 and p. 178 of V. 45.
1754,593,596
Organization, Ac.—The Chicago St Paul A Fond-du-Lac Railroad Fr’ght (tns) m’gel350,173,773 1416,789,205 1466,892,717
115 cts.
1-24 cts.
1-31 cts
1*19 cts.
which was a consolidation of several roads, was sold in foreclosure Ratepr.tonp.m.
$
$
Earnings—
$
$
June 2,1859, and the Chicago & Northwestern Railway was organized
5,820,151
Passenger..
6,153,071
5,498,111
5,646,150
as its successor.
In 1864 the company absorbed the Dixon Rock. A
19,329,484
17,677,866
16,917,394
17,503,244
Kenosha, the Gal. & Chic. Union and the Peninsular RR. of Michigan, Freight
1,171,681
Mail, express, Ac
1,189.687
1,086.551
1,130,206
and has since absorbed by consolidation a large number of other roads,
Grossearn’s.
26,321,316
25,020,624
23,502,050
24,279,600
including those which were operated as “proprietary roads.”
In December, 1882, a controlling interest was acquired in the stock of
$
Expenses—
$
$
$
the Chic. St. Paul Minneapolis & Omaha Co. by the purchase of 53,800 Maint’ce of way
3,227,245
2,939,253
3,590,917
2,951,88 *
shares of preferred and 93,200 shares of com. stock.
2,212,289
cars, Ac
2,448,297
2,193,224
2,048,6/3
In July, 1884, the leased lines in Iowa (Blair roads) were acquired
8,918,681
Transp. & rniscel
8,429,121
7,970,502
8,156,221
on the terms stated in the Supplement of June, 1885, and prior issues.
Taxes
672,621
712,125
690.928
702,452
The fiscal year ends May 31. The annual meeting is held early in June.
Total
15,070,342
15,140,956
13,793,907
13,859,226
Stock and Bonds.—Of the common stock, $10,009,701 was held in
11,250,974
9,879,668
9,708,149
10,420,374
the company’s treasury on May 31. 1887. making the whole common Net earnings....
57*25
stock $41,374,866.
57-08
60*51
58*69
Preferred stock has prior right to 7 per cent; P.c. exp. to earn.
.
RAILKOAD
January, 1888.]
Subscriber* will confer
a
Miles
of
explanation of column headings, Ac., see notes
on first page of tables.
Road.
Chic, dc N. W—(Con.)S. W. Union, 1st M., gold..
Rochester A No. Minnesota, 1st mortgage
Chic. Mil. A N. W., construction bonds
Cliicago A Tomali, 1st rnort., guar
Milwaukee A Madison. 1st mort.; guar
Sink. fd.bds.(lst M. as collateral) ($15,000 p. m.)..
8. f. debenture bonds (for C. St. P. M. A 0. stock).
Debenture bouds of 1909 (for $6,000,000)
C.A N.W. Exten. bds. ($20,000 per M.)
c.tr
Ottumwa C.F.A St.P., 1st M., guar.($25,000 p.m.)
Des Moines A Minneapolis RR. 1st mort. Bonds...
Escauaba A Lake Superior RR., 1st mort
Dakota Central RR., 1st mort
1st M.. Southeast Div. (for $2,000,000).
do
North. Ill., 1st M. ($20,000 p. m.) guar. C.AN. W.
Other small issues .(see remarks)
Cedar Rapids A Missouri River, 1st mort
do
do
1st mort
1st mort
Chicago Iowa A Nebraska, mortgage
Maple River 1st mortg
Fremont Elkhorn A Mo. Val.,Consol.bonds
do
do
do
equipment bonds..
Mo.V.ABlairRR.Br’ge, 1st. mV bio aft.’93
Sioux City A Pacific, 1st mortgage
do
2d mort. (Gov’t
do
pref. stock
62
24
141
154*
80
....
.
•
•
•
....
....
64
58
30
71
125
75
Date
70
58
146
82
3ii
1872
1878
1882
1880
1880
1879
1883
1884
1886
1884
1882
1881
18S2
1882
1885
m
102
102
subsidy)
....
Chicago Rock Island&Pac.—St’ck (for $50,000,000) 1,384
636
1st mortgage, coup, or reg
Chic.A Southw.. IstM.g. (g’d iu cur. by C.R.I.AP.)
271
Exten. and collat. bouds ($20,000 p.m.) cp. or reg.
....
Par
1883-34.
1884-85.
$
9,879,60S
$
9,708,149
$
$
*28,567
4,527,235
2,939,469
*5,061,534
*3,981,348
8
8
7
7
83,000
1,000
1,600,000
1,000
14,665,000
10.000,000
3,869.000
11,852,*'00
1,600,000
600,000
1,000Ac
l,00i»Ac
l.OOOAe
1.000
1,000
1,000
493,000
500
500
500
500
Ac.
Ac.
Ac.
Ac.
402.500
•
•
500Ac.
500Ao.
....
169.000
100 Ac.
.
.
.
100
....
1,000Ac
100 Ac.
was
1886-87.
$
10,420,374
11,250,974
$
$
5,136,198
3,441,504
7
6
58,000
58,000
Other companies
Bonds owned
'
Stocks owned
Laud grant investments
Bills and accounts receivable
Materials, fuel, Ac
Cash on hand
Trustees of sinking
Total
fund....
.
Liabilities—
127,053,870
35,539,234
360,242
12,282,159
1,221,000
1885-86.
$
127,101,024 i
36,628,821 >
934,482
12,2-2,159
1886-87.
$
4
H44,lt>i,Uj)
’6,082,295
1 12,282.160
230,000
1,757,952
'3,000,978
3,807,191
2,932,848
4,214,036
1.934.004
4,320,175
4.239,176
$185,897,108 $183,759,528 $176,048,646
1,890,841
1,808,567
714,000
1,926,281
2,000,734
<
Stock, common
Stock, preferred
Stocks of propriet’ry roads, Ac
Bonded debt
Divid’ds declared, not yet
EACH FISCAL YEAR.
due
Sinking funds paid
Current bills, pay-rolls, Ac....
Uncollected coupons, Ac
Rentals of roads in Iowa
Bonds unsold, Ac
Note of Consol. Coal Co
Accrued interest not due
Miscellaneous
Land income account
Railroad income account
Total
$41,374,866 $41,374,866 +$41,374,866
22,325,454
22,325,454
J22,325,454
11,220,000
11,230,000
11674,183
91,460,500 |j 90,511,500
97,384,500
1,544,221
1,331,600
1,331,600
1.934,000
1,690,680
113,262
2,954,246
4,239,175
2,251,206
140,762
31,044
37,000
125,000
703,525
120,000
3,194,071
4,320,175
2,721,369
135,500
316,814
37,000
125,000
1,473,536
120,000
714,104
9,762,819
11,144,326
112,$94,539
537,000
275,000
705,060
$185,897,108 $188,759,529 $176,048,646
*
Includes F. E. A M. V. consols and Wyoming Central RR. lsts owmd
and pledge! as coll, for exten. 4s of 1886, $5,772,000; also, general con¬
sol, gold bonds, $37,000; consolidated sinking fund bonds, $115,000;
bonds of sundry propiietary roads, $156,295; Iron River Furnace
bonds, $2,000.
t Includes Chic. St. P. M. A O. stock, $10,315,659; F. E. A M. V. RR.
stock, $1,966,500. Also owns C. A N. W. common stock, $10,007,416,
and preferred, $2,284, but these items are includod in the amounts given
on
other side of the account.
X Including $10,007,416 common and $2,284 preferred stock in com
pany’s treasury.
11 Including live bonds m sinking funds, which amounted May 31,1887,
$1,116,500.
1[ See remarks in Chronicle regarding these items, p. 177.
to
-(V. 44, p. 343, 621, 713; V. 45, p. 52, 159, 177, 340, 575.)
Chicago & Ohio River.—Line of road fromSidells, Ill., toOlney,
86 miles. This Co. was organized in 1836 as successor of the Danville
Olney A Ohio River, foreclosed in Feb. 1886. An extension to the
Ohio River is projected. Income bonds are convertible into stock for
live years from May 1, 1886.
Gross earnings in 1885-86, $61,767 ; net,
$8,133. In 1886-«7, gross, $75,377 r net over operating expenses and
fixed charges, $1,639. Austin Corbin, President, New York City.-(V.
44, p. 21, 289, 308.)
Chicago Rock Island Sc Pacific.—Line of Road.—Owns from
Chicago to Council Bluffs, 500 miles; Davenport, la., to Atchison, Kan.,
345; Atchison Juuctiou to Leavenworth,Kan., 21-5; Washington, la., to
Knoxville, 77*5; South Englewood to South Chicago, 7’5; Wilton to
Mrtscatiue, 12-5; Newton to Mimroe, 17; Des Moines to Indianolaand
Winterset, 47; Menlo to Guthrie Centre, 14*5; Atlantic to Audubon,
24*5; Atlantic to Griswold. 14*7; Avoca to Harlan, 11*8; Avoca to Carsou, 17’6; Mt. Zion to Keosauqua, 4-5 ; Wiltou to Lime Kilns, 5. Leased:
Cameron, Mo., to Kansas City, 54; Bureau Junction to Peoria, 47 miles;
Keokuk to Des Moiues, 162. Total operated, April 1, 1887, 1,384 miles.
Tnc* new mileage built and under construction was mentioned in V. 45,
p. 613.
Organization—The Chicago A Rock Island RR. was chartered in
Illinois Feb. 7, 1851, and opened from Chicago to the Mississippi River
July, 1854. The extension from the Miss, to the Mo. River was built
by the former Mississippi A Missouri RR. of Iowa, which was foreclosed
under mortgage in 1866. The Illinois and Iowa roads were consolidated
August 22,1866, under the present title, and the mam line was extended
to Council Bluffs June, 1869. The Iowa Southern A Missouri Northern
6 g.
6
1%
6
7
5
5.000,000
19.960,009
1,000
1885-86.
3*9
218,000
618,300
46,156,000
12,100,000
„
*
equip.
do
1.628,000
1,628,320
...
1886
1866
$9,118,408
$9,132,449 $9,033,867
$8,638,702
$761,260
$575,700
$1,381,507
$2,612,272
on absorption of Iowa leased lines, rentals ceased and interest and
dividend charges increased.
t Less credit items.
Assets—
•
Chic. & N.W.— Road A
360,000
1.000,000
•
•
Tot. dieb’m’ts.
1884-85.
$
7,725,666
....
5,536,363
3,414,504
7
■
7
7
7
7
7
6
6
6
6
6
700,000
582,000
2,332,000
129,000
1,000
Balance, surplus
GENERAL BALANCE AT CLOSE OF
2,000,000
1,500,000
1,000
M.
M.
M.
M.
M.
A.
M.
M.
F.
M.
F.
1.
M.
M.
M.
5
5
4
5
7
6
6
6
5
720,000
1,007,000
....
m
1877
1869
1884
7 g.
7
6
6
6
5 A 6
$3,365,000
601.000
6
58,000
Bonds—Princi¬
pal,^When Due.
Rate per
When
Where Payable, and by
Stocks—Last
Outstanding
Cent.
Whom.
Payable
Dividend.
1,528,000
$
1,568,704
..
35
INTEREST OR DIVIDENDS.
200,000
INCOME ACCOUNT.
Receipts—
BONDS
Amount
$500Ao
1883
1868
1868
....
86
m,
m
or
Value.
1861
1863
1866
1863
1877
1883
....
....
Size,
of
Bonds
....
Chicago <£• Ohio River—1st mort. (for $i00,000)
Income bonds, conv. (for $750,000)
Net earnings
Disbursements—
Rentals paid
Interest on debit
Dividends
Rate on pref
Rate on oomrn’n
Miscellaneous
AND
great favor by giving; Immediate notice of any error discovered in these Tables.
DESCRIPTION.
For
STOCKS
A
A
A
A
8. New York, Co.’s Offioe. June 1, 1917
S.
do
do
Sept. 1,' 1908
N.
do
do
Nov. 1. 1905
N.
do
do
Nov. 1, 1905
A S.
do
do
Sept. 1, 1905
A O.
do
do
Oc't. 1, 1929
A N.
do
do
May 1, 1933
A N.
do
do
Nov. 1, 1909
A A.
do
do
Aug. 15, 1926
A S.
do
do
Mar. 1, 1909
do
A A.
do
Feb. 1, 1907
A J.
do
do
July 1, 1901
A S.
do
do
Sept. 1, 1907
A N.
do
do
Nov. 1, 1907
A 8.
do
do
Mar 1, 1919
do
do
F. A A.
do
do
Aug. 1, 1891
F. A A.
do
do
Aug. 1, 1894
M. A N.
do
do
May l, 1916
F. A A.
do
do
Aug. 15, 1892
.Till v 1
1907
J. A J
do
do
A. A O.
do
do
Oct. 1, 1933
do
do
J. A J.
do
do
Jan. 1, 1923
J. A J.
do
do
Jau. 1, 1898
J. A J. U.8. Treas. at maturity Jan. 1, 1898
A. A O. New York, Co.’s Office. Oct. 5, 1887
M. A N.
Boston, Treasury.
May 1, 1916
M. A N.
May 1, 1916
Q.-F. New York, Co.’s Office. Feb. 1, 1888
J. A J.
do
do
July 1, 1917
M. A N.
do
do
Nov., 1899
J. A J.
do
do
July 1, 1934
formerly the Chicago A Southwestern, and
was
foreclosed and pur¬
chased by this company, and consolidated Juue, 1880. The present
Chic. R. I. A Pacific was a consolidation June 4, 1880, with $50,000,000
stock authorized, and a scrip dividend of 100 per cent to the holders of
Chic. R. I. A P. stock. The annual election occurs in Juue.
Stock and
Bonds.—Dividends have b.ien paid as follows since
1876, viz.: in 1877 and 1878, 8 per cent; in 1879, 10; In 1880.
8^5 cash and 100 p. c. in stock ; in 1881. 1882, 1883, 1884, 1885, 1886,
and ) 887, 7. Range of piiees of stock was as follows since 1876, viz.; in
1879, 82^105^; in 1878, 983B&122; in 1879, 119@150% ill 1880,
July, 149@204; July to Dec. (new stock) 1001a®143 ; in 1881, 129
@1485a; in 1382, 1222>140i4; in 1883, 116is@127H: in 1884. 100^3
126%; in 1885, 105 £132: in 1886, 1201q3>131; in 1887, 109@140%
in 13&8, to Jau. 20. inclusive, lll^@113%.
The road from Minneapolis west to the juno. with Bur. C. R. A N. line
(205 miles) is built under the charter of the Wisconsin Minn. A Pac. Com¬
pany issued by the old Territorial Legislature. The W. M. A P. Co. issues
its bonds running for 50 years, bearing 6 per cent interest, at tlie rate of
$20,000 per mile, of which $5,000 per mile is for eimipinent. These
bonds are deposited by Rock Island with the United States Trust Co.,
to
and in lieu of them the Rock Island issues its own bonds for $15,000per
mile of road, but bearing 5 per cent. The difference in interest as it accu¬
mulates is to be invested in Rock Island bonds; these bonds may be
redeemed at 105 after July 1, 1894. The St. Joseph A Iowa RR., Alta-
mont, Mo., to Rushville, Mo., 64 miles, was completed Jan., 1886, and
$960,000 in similar collateral trust bonds issued.
The authorized issue in 1886 of similar collateral trust bonds for $10,-
000,000 (at $15,000
per mile single track, $5,000 for equipment and
$7,500 for second track), was for the construction of some 7o0 miles
under the name of the Chicago Kansas & Nebraska Railroad.
Stockholders of Sept. 29, 1837, had the right to take at par 10 per
cent of their holdings in new stock-tbe total issue, $4,196,000, to be
used for extensions and improvements.
The fiscal year ends March 31.
Animal report for 1836-7 in V. 44, p.
712, al-o article on p. 731. The mileage, earnings, Ac., have been at*
follows;
Miles owned A oper..
Earnings—
Passenger
Freight
MaLl.expr’s, Puts, Ac
.
Total gross earns.
Operating expenses
Net
earnings
P.c.of op.ex.to earn.
1883-84.
1.384
$
3,313,448
8,056,316
1,165,750
12.535,514
7,298,002
5,237,0 12
188 t-c5.
1885-86.
1,384
1,384
$
$
3,023,88 4
3,127,258
8,144,142
7,713,659
1,038,835
1,163,131
12,206,911 12,004,348
7,160,324
7,166,893
5,046,587
4,837,455
58*22
58*65
59 70
1886-87.
1,384
$
3,097,916
8,037,4-53
1,1 83,631
12,3 *9,050
7,504,809
4,814,241
60 92
INCOME ACCOUNT.
Receipts—
Net earning
From land departm’t
Total income
Disbursements—
Rent leased roads
Interest on debt
Dividends
I
Rate per cent
Add’n and imp. ace’t.
Miscellaneous
..
1883-4.
1884-5.
1885 6.
$
$
$
1886-7.
$
5,237,512
5,046,587
4,837,455
4,814,240
470.000
330,000
310,000
230.000
5,707,512
•$
301,121
1,002,350
2,937,186
5,376,587
$
301,121
1,094,750
2,937,186
5,147,455
$
301,995
1,213,250
2,937,186
5,044,240
$
303,762
7
7
7
1,200,000
750,000
463,000
177,784
196,344
164.784
Total disbursements.
5.618,441
5,279,401
5,080,215
97.186
Balance, surplus
67,240
89,071
V.
—(V. 43, p. 308, 766;
44, p. 60 91, 308, 335, 4 95. 526
731. 752; V. 45, p. 55, 166, 342. 400, 438, 472, 512, 613.)
...
,
1,320,667
2,937,186
7
170,922
4,731,537
311,703
712, 713,
Cliicago Sc St. Louis.—{See Map Atchison T. <& $. F.)—Chicago to
Pekin, Ill, 150 miles, and branch 2 miles. This was successor of the Chic.
St. L. A Western, which Co. was successor of the Chic. Pekin A Southw.
Stock, $3,000,000. In 1887 was acquired bv Atchison Topeka A S. F„
and 90 milts of this road is used as part or the Chic. 8. Fe A Cal. line,
the trustee of that mortgage holding bonds
gage.
(V. 43, p. 773; V. 45, p. 672.)
against this underlying mort¬
Chicago St. Louis & Pittsburg.—The mileage is aa follows:
Columbus, O., to Indianapolis, fnd., 187 miles; branches—Bradford Juno.,
0.,to Chicago, Ill., 231 in.; Richmond, Ind., to Anoka June., Ind., 102 m.;
Logansport, Ind., to Illinois State Line, 61 m.; Indianapolis to Kokomo
(operated jointlv with Wab. St. L. A Pac.) 54 in.; total operated, 635 m.
This is the reorganization (March 20, 1883,) of the Columbus Chicago
A Indiana Central road, sold in foreclosure on Jan. 10, 1883.
The
C. C. A I. C. company was formed Feb. 12,1868, by consolidation of
tlie Col. A Ind. Cen. and Clilc. A Great East, railroad companies.
After
default in 1875 and much Litigation, a plan of settlement with the
Penn. RR. was approved by a majority of bondholders in 1982 and
carried out. There was held by the Penn. RR. and the Penn. Co. a large
amount of the 1st consol, mortgage and the stocks. The preferred
stock is entitled to 6 per cent yearly if earned, and is cumulative.
From Jan. 1 to Dee. 31. 1887 (12 months), irross earns, were $5,862,765,against $4,812,317 in 1836; net. $1,556,487. against $876,016;
surplus over charges, $319,936, against deficit of $315,119.
The annual report of this company for the year 1386 was pub¬
lished in the Chronicle, V. 44, p. 369, to which reference should be made.
Subscribers will confer a great favor
DESCRIPTION.
For
SUPPLEMENT.
INVESTORS’
36
explanation of column headings, &c., see notes
on first page of tables.
by giving Immediate notice of any error discovered In these Tables.
1885
177
120
Chic. St. Paul &
coup
North Wisconsin, 1st mortgage
8t. P. A Sioux City, mort., gold, for $7,000,000—
8t. Paul Stillwater A Taylors’ Falls, 1st mort
Hudson A River Falls. 1st mort
605
23
12
Minneapolis East RR., 1st mort., guaranteed
Chicago<k )Vest. Indiana— 1st mort. (sinking fund).
General mortgage, gold, sinking fund
Chicago <& West Michigan—Stock, new
1st mortgage, New Buff, to St. Jo
Gr. Rap. Newaygo A Lake Sh., 1st mort. coup
Gen’l M. ($12,000 p. mile)
Cincinnati Hamilton <t Dayton— Stock...
413
127
36
413
354
354
60
Preferred stock
($996,000
Mortgage bonds, gold
Consol, mort.
are
7s) sink, fund 1 p. c
c*
98
Cin. Ham. A I. (Junction) RR., 1st mort., guar
Cinci7i7iati Indianap. St. Louis <t Chicago—Stock..
411
Outstanding
1,000
1864
1865
•
A
Whom.
6
M. A 8.
N.Y.,Farm’s L. A T. Co.
5 g.
7
7
7
7
7
5 g5 g-
108,500
1864
1886
1884
7,300,n00
1,000
9,106,000
•
1880
1878
1880
1879
1878
1878
1879
1879
1882
780,000
....
1,000
•
4,981,700
18,559,626
11,259,933
12,250,292
3,000,000
•
100
100
1.000
500 Ac.
„
....
...
1,000
1,000
125.000
75,000
2,445,000
6,396.666
6,150,200
....
1869
1871
1881
3
6
6
6
6
7
8
7
6
6
1
8
8
5
2
1
6,080,000
334,800
....
1,000
480.000
1,000
576,000
2,794,000
1,000
100
100
Oct. 1, 1932
1893 A’95
A
A
A
A
A
A
A
A
A
Jan. 20,1888
June 1, 1930
g.
J.
J.
M.
J.
A.
J.
J.
J.
M.
g.
Q.
-
4,000,000
1,000,000
2,894,000
g.
g.
635
Miles of r’d operated
Operations—
Passengers carried;.
Passenger mileage
Rate $ pass. $
.
1884.
635
5, 6,7
1,000
1887
1873
1,000
1,000
2,000,000
41ag.
1,800,000
7
100
10,000,000
1
*4
1,186,779
1,228,701
48,146,452
48,891,744
2*42 cts.
2-32 cts.
mile
1886.
635
635
1,061,091
46,840,896
221 cts.
1,085,448
44,970,677
2*30 cts.
3,075,385
3,031,595
2,782,033
2,517,062
Fright (tons) carried
Fr’ght (t’ns) mileage 526,622,269 484,716,894 612,653,872 587,723,362
0*59 cts.
0 52 cts.
Ave. rate $ ton $ m.
0 72 cts.
0 60 cts.
$
$
Earnings—
$
$
1,036,165
1,036,077
Passenger
1,163,407
1,134,689
3,448,447
3,159,887
Freight
3,781,107
2,902,433
357,704
371,632
Mail, express, Ac....
349,406
359,718
•
Op
Total gross earns
exps. and taxes.
Net earnings
P.c.ofop.ex. to
4,567,596
3,807,645
4,8 42,316
4,335,964
4,396,840
3,652,213
$957,956
$794,627
$759,951
$876,016
81*90
81*93
83 36
5,293,920
earns.
3,966,300
81-Si
INCOME ACCOUNT.
1883.
Receipts—
Net earnings
Interest
Other receipts
$957,956
-1884.
$794,627
26,720
1,972
297
78,073
1885.
1886.
$759,951
$876,015
$984,973
$874,672
$759,951
$876,015
Rentals paid.
$15,918
Interest on debt..
Net C. C. & I. C. for
3 mos
Miscellaneous
663,363
$21,224
1,079,602
$21,224
1,079,241
$21,22 4
1,074,121
17,565
95.789
Total income..!.
Disbur8cm en ts—
120,633
$799,914 $1,100,826 $1,118,030 $1,191,134
sur.$185,059 def.$226,154 def.$35S,079 def $315,119
—(V. 44,p.369, 433,525,526, 653; V.45,p.25,239.400,538,705,855.)
Chicago St. Paul Sc Kansas City.—(See Map.—Den Moines, la.,
to 8t. Joseph, la., 287 miles; branches, Valeria to coal mines and Wil¬
sons to Cedar Falls. 10 miles; total, 297 miles.
Minn. A Northwestern
mileage—Chicago to St. Paul. 420 miles; Lyle branch—Hayfteld to
Manley Junction, 47 miles; Waverly branch—Sumner, la , to Hamp¬
ton, la., 63 miles; total, 530 miles. Total of consolidated mileage, 827
miles. The road from Lyle to Manley June., about 20 miles, is leased to
the Cent. Iowa. This Co. was formed by a practical consolidation in Dec.,
1887, with the M. & Northw. (V. 45, p 792.) The Chic. St. P. & K. C.
bonds are $ or & and are authorized to the amount of $16,000,000 at the
rate of $20,000 per mile on road and $5,000 per mile for terrnin
als in cities and for equipment; also, $8,000 per mile additional for
double track. They are redeemable at 105 and accrued interest. Trus¬
tees of mortgage are the Metropolitan Trust Co., of New York, and
Robert H. Benson, of London. The M. A N. W. bonds are $16,000 per in.,
with $4,000 for terminals and $8,000 for second track.
Stock, $14,553,100. A. B. Sticknei, President, St. Paul, Minn.—(V. 43, p. 72 ;V.
44, 627; V. 45, p. 642, 792.)
Chicago St. Paul Minneapolis Sc Omaha.—(See map Chicago
& Northwestern.) Mileage: Eastern Div.—Elroy to St. Paul, 196 miles;
River Falls Branch, 25 miles; Stillwater Branch, 4 miles; South Stillwater
Branch 4 miles: Eau Claire Branch, 3 miles; Neillsville Branch, 14 miles;
St. Paul to Minneapolis, 10 miles; total, 256 miles. Northern DivisionNorth Wisconsin Junction to Bayfield, 178 miles; Asnland Junction to
Ashland, 4 miles; Ashland Shore line, 1 mile: Eau Claire to Chicago
Junction, 81 miles; Superior Junction to Duluth, 73 miles; total,
338 miles.
St. Paul & Sioux City Division—St. Paul to Sioux City, 269
miles; Minneapolis to Merriam Junction, 27 miles; Lake Crystal to El¬
more, 44 miles; Heron Lake to Pipestone 55 miles; Sioux Falls Junction
to Salem, 98 miles; Luverue to Doon, 28 miles; total, 521 miles.
Nebraska Div.—Covington to Omaha, 126 miles; Coburn June, to Ponca,
16 miles; Missouri River transfer, 2 miles; Norfolk Branch to Emerson,
46 miles; Wakefield to Harrington, 34 miles; Wayne to Randolph, 22
miles; total, 245 miles. Total owned, 1,360 miles. Proprietary road, 5
miles. Total of all, 1,365 miles. This was a consolidation July, 1880, of
the Chicago St, Paul & Minneapolis (formerly West Wisconsin), the North
Wisconsin, and the St. Paul & Sioux City.
Preferred stock lias a prior right to non-cumulative dividend of 7 per
cent from net earnings; but common is never to receive more than is
paid on preferred. The Chic. St. Paul & Minneapolis 1st mort. is a 2d
Total disb’rsm’ts
Balance
the lands; the land mort. a 2d on road; but no foreclosure can be
had except by default on 1st mortgage.
on
In
November, 1882,
controlling interest in the stock was purchased
Railway by the acquisition of 93,200
price of 48*40, and 53,800 shares of
preferred at an average of lo4*04—the total cost being $10,503,959,
which stock is held as an asset of the Chic. & Northwestern Coinpanjr.
Report for 1886 was in Chronicle, V. 44, p. 493. The land sales in
1886 were 194,665 acres for $1,562,803, including lots; land contracts
and notes on hand Dec. 31, 1886, $3,093,892; lands undisposed of,
647,197 acres. Earnings, Ac., were as follows:
a
for the Chicago A Northwestern
shares of common at an average
J. N.
D.
N.
J.
O.
J.
J.
J.
N. N.
Miles operated
Dec.. 1905
Aug. 1, 1890
Nov., 1904
July 1, 1936
July 1, 1934
do
do
do
do
do
do
do
Y., Drexel, M. A Co.
do
Tot. gross earnings
Oper’g exp. A txs.
Net earnings
P.o. of op. ex. to earn.
do
1918
1930
1919
1908
1908
1909
Nov. I, 1919
Dec. 1, 1932
RE8ULTS.
1884.
1885.
1886.
1,318
$
1,340
$
1,365
$
."....
May 1,
Jan. 1,
April 1,
Jan. 1,
July 1,
Jan. 1,
1,280
1,470,558
Mail, express, Ac....
do
do
do
do
do
do
do
1883.
Earnings—
Passenger
Freight
Y„ Office, 52 Wall st.
M.
fiscal
1885.
Nov., 1904
F. A A.
Boston.
Aug. 15, 1887
M. A S. Bost.. Treasurer’s office.
Sept. 1889
J. A J.
N. Y. Union Trust Co.
July 1, 1891
J. A D.
Deo. 1. 1921
Q.—F. N. Y., Winslow L. A Co. May 1, 1887
do
do
Q.-J.
ApriL 1., 1887
A. A O.
do
do
Oct. 1, 1905
J. A J.
do *
do
Jan. 1, 1937
J. A J.
do
do
Jan. 1, 1903
Treasurer’s Office.
Dec. 15, 1887
Q—M.
OPERATIONS AND FISCAL RESULTS.
1883.
1, 1915
A. A O. N. Y., Union Trust Co.
Various
do
do
J. A J.
do
do
A. A O.
do
do
F. A A.
do
do
M. A N.
do
do
J. A J. N. Y., Office, 40 Wall St
J. A J.
do
do
1875
....
Mar.
....
800,000
1,000
1,000
Dividend.
....
715,000
•
When
....
2,631,000
1,000
•
Pay’ble
223,000
....
.
pal.When Due.
Where Payable and by
Stocks—Last
Rate per
Cent.
$1,500,000
8,022,441
17,479,850
13,442,000
100
100
1,365
($15,000 per mile)
Minn., 1st mort., gold,
Amount
$1,000
1883
Bonds—Print i-
INTEREST OR DIVIDENDS.
Miles Date Size, or
of
of
par
Road. Bonds Value.
150
Chicago dt SI. Louis—1st mortg. ($10,000 p. mile).
635
Chicago SI. Louis <& Pittsb.—Common stock
635
Preferred stock (6 per cent cumulative)
580
1st mortgage, consol, gold ($22,000,000)
117
1st M. Chic. A G’t East. (Chic, to Logansport)
208
do
Col. A Indianapolis Central
93
do
Union A Logansp’t (U’n City to Logansp’t)
107
do
Cinn. & Chic. Air Line(Richm’d to Logans.)
208
2d M. Col. A Indianapolis Central
142
Chic. Si. P. <6 Kan. City —1st, g’ld, $20,000 p m..c*
460
Minn. & Northwestern—1st M., g., $16,00u per m.
Income bonds (5 per cent non-cumulative)
Chic. St. Paul Min'polis ct Omaha—Common stock.. 1,365
Preferred stock
Consol, mortgage
[Vol. XLVI,
3,843,948
200,778
5,515,284
3,623,827
1,891,457
65*70
$
1,430,711
1,305,£15
1,413,218
4,132,530
4,255,398
4,466,734
221;690
253,897
273,315
5,784,931
4.007,022
5,814,810
3,721.151
6,153,267
3.848,575
1,777,909
2,093,659
2,304,692
69*26
63*99
62*54
INCOME ACCOUNT
Receipts—
Net earnings
Net from land grants
Other receipts
Total income....
Disbursements—
Rentals paid
interest on debt
Div. on pref. stock..
Rate of dividend
Loss on prop, roads.
....
1883.
1884.
$
1,891,457
547,777
$
1,777,909
651,125
153,623
212,221
2,592,857
2,641,255
35,564
1,222,371
$
49,174
1,320,146
770,476
(7)
12,356
787,976
(7)
13,065
183 5.
$
2,093,659
721,995
33,235
2,848,889
$
62,982
1,33 4,324
675,408
(6)
12,524
2,035,238
763,6)1
V. 45, p. 492.)
1886.
$
2,304,692
741,065
73,959
3,119,716
$
117,009
1,337,956
675,408
^624
2,170,361
2,139,997
979,719
470,894
-(V. 43, p. 244, 502; V. 44, p 184, 263, 493;
Chicago Sc Western Indiana.—Owns from Dolton and Ham¬
mond, Ill., to Chicago, with a belt railroad and branches, with ware
houses, elevator, Ac., 48 miles of roads and 132 miles of track in all
Tot. disbursem’ts
Balance surplus
2,040,767
552,090
including 2d, 3d, 4th and siding traok (of which 51 miles were leased to
the Belt R’v of Chicago), and about 400 acres of real estate. This
company leases its road for right of way into Chicago and terminal
facilities therein to the Wabash, the Gr. Trunk of Canada, the Chicago
A East. Illinois, the Chic. A Atl. and Louisv. New Albany A Chicago
roads; the annual rentals stipulated exceed the interest charg econsiaerably. The stock is $5,000,000 and bonds are limited to $10,500,000;
the bonds are liable to be redeemed at any time at 105 by a sinking
fund, which is provided for by increased rentals to be paid for that:
purpose. See annual report V. 44, p. 7&0.
In 1886 revenue from
rentals, etc., was $700,928; interest,etc., $534,784 ; surplus, $166,144.
-(V. 43, p. Zl; V. 44, p. 751, 780.)
Chicago Sc West Michigan.—Owns from Lacrosse, Indiana, to
Pentwmter, Mich., 209 miles; branches—Holland Junction to Allegan,
23 miles; Holland to White Cloud, 70 miles; Fruitport to Muskegon,
10 miles; Kirk’s Junction to Pickand’s Junction, 3 miles; Muskegon
to Port Sherman, 6 miles; Woodville to Muskegon River, 17 miles;
Mears to Hart, 3 miles; B. R. Junction to Big Rapids, 51 miles; White
River Junction to Baldwin, 20 miles: total operated, 413 miles.
In
1887 leased to Chicag) A Ind. Coal RR., about 18 miles—La Crosse to
New Buffalo.
Organized as successors of Chicago A Mich. Lake Shore Jan. 1,1879, and
consolidated in Sept., 1881, with the Grand Haven road, 57 miles,"
Muskegon to Allegan, and the Grand Rapids Newaygo A Lake Shore, 46
miles, from Grand Rapids to White Cloud.
There are also outstanding $24,000 Grand Rapids Newaygo A L.
S. 2d Div. bonds.
Earnings, Ac., have been as follows
1883.
Total gross
earnings
Total income
Disbursements—
Interest on debt
1,297,301
1,395,979
364,874
7,559
463,977
2,217
348,788
4,072
370,482
9,261
372,433
$
217,024
184,506
471,194
$
222,085
352,860
$
224,080
123,004
379,743
...
...
1
Dividends
1886.
1,469,667
Receipts—
Net earnings
Other receipts
1885.
1884.
$
...1,550,098
...
...
$
2 L 5,257
401,530
437,342
Total disbursements.
..def. 29,097 sur.33,852
Balance
...
347,084
5,776
sur.
$
$
225,024
153,755
378,779
964
(V. 44, p. 525.1
Cincinnati Hamilton Sc Dayton.—Owns from Cincinnati, O.,
to Dayton, O., 60 miles and McComb to Deshler, 9 miles; leased—Dayton
A Michigan, Dayton .to Toledo, 142 miles; Cincinnati Hamilton A
Indianapolis, Hamilton to Indianapolis, 99 miles; Cincinnati Rich¬
mond A Chicago, Hamilton, O., to Indiana State line (and leased road),
—
44 miles: total operated, 354 miles; each lease reported separately.
In 1887 authoritv to issue $10,000,000 pref. stock was voted in June;
in Jan., 1887, the stockholders voted to issue $2,000,000 bonds and
$500,000 common stoca.
The bonds issued in 1887 are a second lien on the main line, 60 miles,
and also cover the road from Mo Comb to Deshler, 9 miles, the perpetual
leases of the Dayton A Michigan and Cincinnati Richmond A Chicago
roads, and $1,3->6,653 of debt claimed to be due from the Cincinnati
Hamilton A Ind. RR. Co.
January, 1888.]
RAILROAD
STOCKS
AND
BONDS
37
SUPPLEMENT.
INVESTORS’
38
-
1
—r
—
*
[Vol. XLVI.
Subscriber© will coaler a great favor
DESCRIPTION.
For
STOCKS AND
RAILROAD
January, 1888,]
by giving tin nediate notice of any error dlacovered In these Tables.
Miles
of
explanation of column headings, Ac., see notes
Road.
on first page of tables.
-Cinn. lndianap. St. Louis <£ Chicago— (Cont'd) —
Ind. A Cin. ot 1858, 1st mort
95
151
20
20
Indianapolis Cin. A Laf. mortgage
Cin. A Ind., 1st mortgage
do
2d M., guar., and funded coupons
C.”H
Gen. 1st M. gold sink, fund (for
Consol, mort., drawnat 105
$10,0l)0,000).c-r
Cincinnati Lafayette A Chicago, 1st mort., gold ..
Cinn. Jackson t£ Mucfcinaw—1st, consol, in., g
c*
Cincinnati Van Wert A Mich., 1st mort
do
2d M., inc., payable at option.
do
Cincinnati Lebanon & North.—1st in. (for $200,000)
Cincinnati <& Muskingum Valley— 1st mortgage—
Cincinnati flew Orleans <& Texas Pacific—Stock
Cin. Richmond <& Chic.—1st mort., guar. C. H. AD..
Cin. Richmond c6 Ft. IF.—1st mort., gold, guar.—
Cincinnati Sandusky <t Cleveland—Stock
Preferred stook
1st mort, Sand. Dayt. A Cin. (redeemable at 100)
2d rnortg. Cine.. Sandusky A Cleve
Cincinnati <& Springfield—1st mortgage, guar
2d mortgage
Cincinnati Wabash <& Michigan—Stock ($3,000,000)
Cincinnati Wash, dt Balt.—1st M. gold (4^8 guar.)..
2d mortgage, gold.
Prior lien, gold
3d mort.. gold (3 pr. ct. for 10 years and
1st Income mort., non-cumulative, gold
2d income mort., non-cumulative
Baltimore Short Line mortgage
A1U
175
56
263
....
....
37
148
336
30
91
190
190
....
....
48
48
165
....
....
4 after).
Cincinnati A Baltimore mortgage
Scioto A Hocking Valley mortgage
39
BONDS.
....
....
....
Date
of
Bonds
1858
1867
1862
1867
1886
1880
1871
1886
1881
or
Par
1886
1870
1871
1000 Ao
1,000
1,000
1,000
109 Ac
1,000
1,000
1,000
1,000
50
50
....
1871
1872
1883
1883
1883
1883
1883
1883
1869
....
....
1,000
1,000
1,600
1,000
1,000
1,000
1,000
1,000
1,000
1,000
'
—
1852
....
$1,097,000
432,000
301,000
1,000
1,000
1,000
....
1866
1867
Outstanding
$500Ac.
100
....
1866
Amount
Value.
....
....
Bonds--Princi¬
INTEREST OR DIVIDENDS.
Size,
792,090
5,592,000
818,000
948,000
2,016,000
1,200,000
1,200,- 00
100,000
1,500.000
3,000,000
560,000
1.800,000
4,003,330
428,850
538,000
1,130,000
2,000,000
651,000
Rate per
When
Cent.
Payable
7
7
7
7
4
6
7
5
6
6
5
7
3
7
7
2
3
6
7
7
7
g.
g.
3,214,000
5
5
7
7
7
Dividend.
Whom.
A
A
A
A
....
J.
J.
A J.
A J.
.
g.
2,043,100
7,676,000 41agA 6g
5 g.
3,033,000
4 Hjg.
500.000
3-4
2,237,000
4,000,000
750,000
500,000
300,000
Payable, and by Stocks—Last
O. N. Y., Drexel, M. A Co.
A.
do
do
do
do
D.
do
do
J
Q.-F. N. Y., Central Trust Co.
M. A N. N. Y., Drexel, M. A Co.
do
do
M. A S.
J. A D. N.Y., Central Trust Co.
J. A J. N.Y , Shel’n A Co.,4 Wall
A.
F.
J.
J.
g.
Where
pal,When Due.
.
.
„
J. N.Y., Winslow, L. A Co.
D. N.Y., Winslow, L. A Co.
N.
Boston, Office.
do
N.
do
A. Boston, Nat. Revere Bk.
D.
Boston. Olfice.
O.
N. Y., U. S. Trust Co.
do
do
J.
J.
J.
M.
M.
F.
J.
A.
J.
A
A
A
A
A
A
A
A
M.
J.
A.
F.
A *N.
A J.
A O.
A A.
X*
^
m,
Cinn., 4th Nat’l Bank.
Jan.,’86 cp. pd.Nov.,'86
**
....
J. A D.
J. A J.
M. A N.
N.Y..Farm’s’ L.ATr. Co.
do
do
do
do
do
do
do
do
do
do
do
do
Oct., 1888
Feb., 1897
Deo., 1892
Jan., 1892
Aug. 1, 1936
May 1, 1920
Mch.. 1901
Deo. 1, 1936
Jan. 1. 1901
1930
1906
Jan., 1901
Feb. 5, 1833
July, 1895
June, 1921
May 1, 1884
Nov. 1, 1887
Aug. 1, 1900
Deo.
1, 1890
April 1, 1901
1902
Nov. 1, 1931
Nov. 1, 1931
April 1, 1893
Nov. 1, 1931
Cin., C. W. A B. Ortioe.
NY., Farm.Ln.A Tr.Co.
Nov.
Nov.
Deo.
Jan.
1,
1,
1,
1,
May 1,
1931
1931
1904
1900
1896
In June, 1887, a controlling interest in the stock of the Terre Haute & $1,000,000. Gross earnings for 17 months t© Doc. 3i, 1338, $L76,691;
Indianapolis RR. was purchased; the stockholders voted to constructor not, $45,969.-(V. 44, p. *43.)
lease a line from Hamilton to Middletown, O., aud issue $500,000 of 4*2
Cincinnati Sc Muiklngum Valley,—Owns from Morrow, O., to
Dresden Junction, O., 148 miles. Chartered as Cinn. Wilm. A Zanes.
per cent bonds; also to authorize the $LO,OOOfoOO pref. stook (see V. 41,
in 1851 and opened in 1857. Sold under foreclosure Oct. 17, 1863, and
p. 808). The failure of H. 8. Ives A Co., in August, 1887, placed the
affairs of this company iu a complicated situation. The securities In its
reorganized as Cincinnati & Zanesville March 11, 1864. Sold again Deo.
treasury had been used largely for loans, aud preferred stock to au un¬ 3. ’69, and reorganized as at present Jan., ’70. Road was leased for 99
known amount had beeu issued and pledged by Ives A Co. The assets
years from Jan. 1, ’73, to P. C. A St. L., but on Doc. 31, ’85, the C. A M.
V. Co. resumed possession.
of Ives A Co. were given in V. 45, p. 833, showing $4,689,690 of pre¬
Gross earutugs in ,1836, $191,132; net,
ferred Cinn. Ham. A Dayton stock and $1,665,004 of common
The $74,511; interest, $105,000; deficit, $47,093. Total amount due lessee
stock of the Day. A Mich, was sold to David Sinton and Taos. J. Emory Dec. 31, 1886, $1,081,013. Capital stock, $3,997,320. The coupon
From April 1 to Sept. 30 in 1887 (6 mos.) gross earnings were $L,712,f Jan. 1,1886, was paid in Nov., 1886.
536 against $1.508,«>35; net, $754,593. against $608,588; surplus
]|Ciuclniiatl
New Orleans Sc Texas Pacific. - (See Map),—This is
over inteiest and pr. f. stock dividends, $235,24 J, against $16(5.838.
the company orgauized under the laws of Ohio Oct. 8, 1831. to operate
Fiscal year ends March 31. Income account for all the roads operated the
Cincinnati Southern, aud 51 per cent of the stock is held by the Eng¬
showed the following:
lish company, the Alabama New Orleans A Texas Pacific Junction Co.,
1886-87.
1885-86.
1884-85.
Limited. The Cincinnati Southern road extends from Cincinnati to
$3,122,141
$2,8o6,559
Gross receipts
$2,865,933
Chattanooga, Tonn., 336 miles. The Ala. N. O. A T. P. also controls the
$1,947,218 Vicks, A Mer., 142 miles; Vicks. Shrcv. A Pao., 189 miles; N. O. A N©.
$1,813,899
Operating expenses and taxes.. $1,841,271
325,254 East., 196 miles; and Spanish Fort RR., 13 miles. See title in this
236,940
& D'. div., com. and pref..
236,940
507,443 Supplement. The rental due the Cincinnati Southern is $312,009 per
490,718
Interest
503,266
132,024 year till 1886, then $912,000 till 1891, $1,012,000 till 1896, $1,102,000
132,020
D. & M. dividends
132,017
8,812 till 1901, and $1,262,009 till 1998. The annual report for 1836 in V.
Miscellaneous
10,650
44, p. 2 43, gave the following income account for tlireo years :
183 4.
1886.
1885.
Total
$2,673,577
$2,724,144
$2,920,756
Total earnings.
....$2,653,184
$2,882,172
$2,631,546
$182,982
$201,385 Working expeuses aud taxes... 1,836,974
1,710,535
1,833,579
—(V. 44, p. 59,90,148,21’, 439, 526,713.751,807; V. 45, p. 53,210,
Net earnings for the year...
$821,210
$971,011
$1,018,593
239, 333, 360, 437,472, 572,613, 672. 820, 855.)
Rental
812,000
812,000
834.043
Cincinnati Indianapolis St. Louis A Chicago.—(See Map.) —
Owns from Cm. to Lafayette., Ind., 174 miles; Lawreuceburg branch,
$159,011
Surplus revenue
$9,210
$214,549
3 miles; Harrison branch. 7 miles; Fairland F. A M. Road, 33 miles;
—(V. 43, p. 125,210,774; V. 41, p. 21, * 43; V. 45, p. 819.)
and Cincinnati Lafayette & Chicago (leased), 76 miles; Vernon Green.
Cinclnuatl Richmond Sc Chicago.—Owns from Hamilton, O.,
A Rush., 41 miles; kaukakee & Seueca (one-half owned), 43 miles; Col.
to Indiana State Line, 37 miles; leased, Richmond, Ind., to Ohio Statfe
Hope A Green., 26 miles; total operated, 411 miles.
Line, 7 miles; total operated, 44 miles. Reorganized May 3, 1866, and
This company was formerly the Indianapolis Cin. A Laf., which road
leased in perpetuity from Felv, 1869, to Cinn. Ham. A Dayton Co., tfcli
was sold iu foreclosure Feb. 2, 1880, aud this company orgauized.
Co. to receive all surplus after expenses end bond interest.
A 2d mort.
The new 4 per cent mortgage for $10,000,000 (Central Trust C >. and
of $65,009 d ie 1839 is owned by C. n. A D. Capital stock, $382,600.
Hei vey Bates, trustees) will retire all other bonds as thov fall due, and
leave a surplus of $1,000,000 for other purposes as needed. The siukiug
Cincinnati Richmond Sc Fort Wayne.—Owns from Rich¬
fund for these bonds is 1 per cent yearly of the amount of outstanding
mond, Ind., to Adams, .Ind., 86 miles; leased, 5 miles of Pittsburg
bonds; payments lapse when bonds cannot bo purchased at 10 2 *3 and Fort Wayne & Chicago; total operated, 91 miles. Leased for 99 years
interest.
In March, 1337, s:ockholders of record on the 13th of that
to Grand Rapids A Indiana, the
rental being net earnings; in¬
month had the privilege of subscribing to $3,000,000 new stock at 65.
terest is guaranteed by the lessees and by the Pennsylvania Company
$141,789
Net surplus
(V. 44, p. 275.)
From July 1 to Nuv. 30 (5 mos.) in
460, against $L,l>2.018 iu 1-85-6;
and Cincinnati Hamilton A Dayton Company, jointly. Gross earnings
in 1885, $383,585; net, $103,546; loss to guarantors, $63,116. Gross
in 1886, $225,690; loss to guarantors, $50,373. Capital stock, $1,709,192. Total advances by guarantors, $933,466.
Against $195,785
Fiscal year ends June 30; report for 1886-7 was in V. 4\ p. 436, 433
Cincinnati Sandusky Sc Cleveland.—Owns from Sandusky
Ohio, to Dayton, Ohio, 154 miles; branch, Carey to Findlay, 16 miles;
leased, Columbus Springfield A Cincinnati, 44 miles; total operated, 214
miles, less the division between Springfield A Dayton, 24 miles, which Is
leased to the Clev. Col. Cinn. & Indianapolis. The preferred stook
has a lien by deposit of old bonds in trust.
There are also outstanding
$350,000 Sandusky City & Cleveland 1st mortgage bonds due June,
1837. In April, 1831, a lease was made to the Indiana Bloom. & West¬
ern, but litigation ensued, aud the r. B. A W. was sold in foreclosure.
1387 gross earnings were $1,169,net, $437,131, agaiust $435,410;
surplus (adding miscellaneous iiicoin)) over Used charges, $270,469,
INCOME ACCOUNT.
1883-81.
*-
earnings
earnings
Gross
Net
Disbursements—
Interest 0 u bonds
...
Dividends
Rate of dividends.
Miscellaneous.
1885-36.
$
$
2,526,934
986,872
$
2,752,892
1,052,296
624,234
210,090
(3 p. 0.)
332,5 JO
(43* p. 0.)
18,844
15,582
2,595,859
903,190
935,673
626,233
624,482
.
5,254
1886-87.
1834-85.
$
2,498,539
29,045
643,267
1,091,349
853,078
Total disbureem’ts.
653,527
631,487
60,947
133,794
282,451
271,703
Balance, surplus
-(V. 44 p., 59, 90, 244, 275, 343, 494,808; V.45, p. 112,271,436, 437,
438, 509, 672,855; V. 46, p. 102.)
Cincinnati Jackson Sc iTIacktnaw.—(See Map.)—Owns from
Carlisle, O., north to Addison, Mich , 188 miles; Allegan to Dundee, Mioh.,
133 miles; total operated, 321 miles. This Co. was formed Feb. 12, 1886,
by consolidation of the Cinclo. Van Wert A Mich. RR.
and the Jackson
A Ohio RR. Iu L837 purouased the Mich. & Ohio sold in foreclosure.
The bonds are istued at $10,0)0 per mile, covering also equip me nt
which cost about $1,000,000, thus reducing the lien on the roa 1 to near
$7,000 per mile. The authorized issueof 1st consol, bonds is $6,900,000; pref. stick 6 p. 0.. uou-cu uulative, $7,350.00 ),an l onnrnon stook,
'
tsw-
$13,500,000, of which $L0,850,76 j common anl $3,223,030 pref. were
outstanding Sept. 30, 1387. Of the 1st cons >l. mort, $1,200,000 will be
used to retire the same amount of Cin. Van Wert & Mich. 1st mort.
bonds, due 190L, which are a first lien on 8 L
miles (called the Oeacrai
Division) between Cecii, O., and Greouvillo. O. See abscraot of mort¬
gage (Central Trust Co. of New York, trustee) Vol. 45, p. 574.
In year endiag Sept. 30, 1837, gross e trnlugs 01 average of 235
miles, $362,273; net over rentals and taxes, $12 3,590; surplus over
interest, $42 5o8; addreoelved from local aid, $23,832; tocal surplus
$66,490, J. M. C. Marble, President, Vaa Wert, (3.; George R. Shel¬
don, Vice-President, N. Y. City. —(V. 44, p. 603, 812; V. 45, p. 5 71,574
V. 46, p. 38.)
Cincinnati Lebanon Sc Northern.—Cincinnati, O., to Dodds, <3.,
36 miles; brauoues, 2 miies; totaL, 38 miles. This Co. was formed i 11
1885,
as successor
of the Cinn. Northern, sold in foreoloaure.
Stook is
The two
companies are to be consolidated.
45s; V. 44, p. HO; V. 45, p. 613.)
Cincinnati Sc Springfield.—Operates
(V. 43, p. 49, 244, 309, 398,
from Cincinnati. Ohio, to
Springfield, Ohio, 80 miles, of which 32 miles were leased from other
companies. The whole is leased and operated by Cleveland Col. Cin.
& Ind. Co., giving them a line into Cincinnati, and depot aocoinmoda*
tlon.
Lessees apply any excess over rentals to C. A S. stook. Interest
is guaranteed on the first mortgage, one-half by the lessees and one-half
by L. Shore A Mich. Southern. Stook is $1,100,000. To January, 1887,
Gross in 1835, $330,104;
tne C. C. C. & I. had advanced $2,854,3 L5.
net, $193,562 ; rentals, $167,322 ; interest, $185,570 ; other payments,
$15,500; total, $363,392; defloit, $174,829- Gross earnings in 1886,
$1,130,324; net, $116,001.
Cincinnati Wabash Sc Tfllchigan Railway.—Owns from
Benton Harbor, Mioh., to Auderson, Ind., 165 miles; uses 0. 0. 0. A 1.
Sold Nov. 5, 1879; for
tracks Anderson to Indianapolis, 50 miles.
account of bondholders. New company organized April, 1830. Total
stook authorized, $3,009,000. Gross earnings for 1886. $339,139; net,
$98,404. Gross in 1885, $321,790; net, $58,055. J. H. Wade, President,
Cleveland, Ohio.—(V. 45, p. 341, 533.)
Cincinnati Washington Sc Haltlmore.—(See Map of Balt. 4
Ohio.)— Cincinnati, O., to Belpre, O., 193 miles; branches—Marietta to
Belpre, 11 miles; Portsmouth to Hamden, 55 in ; Blauchester to Millsboro, 22 m.; total, 281 in.
The Marietta A Cincinnati Co. was sold in foreclosure Deo. 9, 1883,
and re-orgauization was made Feb. 7, 1833, under this name. The com¬
mon stock is $5,811,109; pref., $L2,39 1.299.
Prior lien bonds w<-,re issued for receiver’s certificates. Of the first
mortgage bonds, $1,250,000 were Issued for the Cincinnati A B tltimore
RR. stock, and boar 6 per cent, the balauce bear 4*a per cent and are
roaranteed by the Balt. A Ohio RR. Co. The income bondholders have
Noting
power.
The annual report for 1S80 had the
following:
40
INVESTORS’
SUPPLEMENT.
IVol. XLvr.
42
INVESTORS’
Subscribers will confer
a "roat
DESCRIPTION.
For explanation of column headings,
on first page of tables.
favor
SUPPLEMENT
[VOL XL VI;
by giving Immediate notice of auy error discovered in tliese Table’s.
Miles
of
Ac., see noti¬
Road.
Bonds—Prinoi
INTEREST OR DIVIDENDS.
Date Size, or
Par
of
Bonds Value.
Amount
Outstanding
Rate pei
Cent.
When
Payable
pal,When Due.
Where Payable, and by
whom.
Stocks—Last
Dividend.
■
Cleveland Akron dt Columbus—Stock
1st mortgage bonds, gel l
General mortgage, gold (for $1,800,000)
Cleveland dt Canton.—Stock ($2,800,000 is
c*
pref.)...
144
144
179
161
$100
1886
1887
500 Ac.
500 Ac.
1st
mortgage Bel. A Ind
do
C. C., C. A I. sinking fund
Cons, mortgage (sink, fund 1 p. c.)
General consol, mort., gold (for $12.000,000)
Olevel. Lor. dt Wheel.—Cl. Tusc. Val. A W. 1st M_.
Cleveland dt Mahoning Valley—Stock
1st mortgage, extended
3d mortg. (now 2d)
New mortgage probably for $ >,000,000
Niles & New Lisbon, 1st mortgage
Cleveland dt Marietta.—Stock
1st mortgage
c\tr
Cleve. dt Pittsb.— Stock, 7 p. ct. guar, by Penn. Co..
..
4th mortgage (now 1st)
c
Consolidated sinking fund mort. for $5,000,000.c
Constr’n and equip’tinc. bds., Ser. *‘A” l S.f.drn.c
do
do
Ser. “B’M at 100.c
Oolebrookdale— 1st mortgage
Colorado Central—1st mortgage, new
Colorad > Midland— 1st in., gold ($25,000 p. mile)c*
Columbia dt UrcenviUe—^iavd moil.,g’ld,coup, or reg
2d mortgage
Columbia dt l'ort Deposit—1st mortgage
Columbus Hocking Valley dt Toledo—Stock..
Consol, mortgage, gold"!for $14,500,000)
Gen. M., g., on road A Hocking Coal A RR. Co
¥ Earnings from—
c
391
202
390
390
158
127
67
67
....
35
99
200
199
199
....
13
323
250
1864
1869
1874
1884
1878
1873
1,000
1,000
1,000
1,000
50
500 Ac.
500 Ac.
1876
1888
1870
500 Ac.
1887
1,000
1862
1867
1873
1 '■>73
1868
1879
1886
164
1881
164
1881
40
71
1868
1884
328
324
327
1881
1884
....
50
500
1,000
1,000
1,000
100 Ac.
1,000
1,000
1,000
1,000
1,000
1,000
100
1,000
1,000
1884.
1885.
1886.
$536,198
$461,412
1,079,861
238,249
1,019,277
224,581
$533,797
1,242,693
233,916
$1,854,308
Operating expenses and taxes.... 1,408,371
$1,705,270
1,464,830
$2,010,406
1,462,943
$210,440
$547,463
1885.
1886.
Passenger^
Freight
Mail, express, Ac....
Total earnings
Net earnings
$445,937
INCOME ACCOUNT.
1884.
Net earnings
Disbursements—
Interest on bonded debt
Other interest and miscellaneous
$445,937
$240,440
$547,463
$692,072
28,594
$693,275
1,213
$693,175
$720,667
$694,488
$274,730
$454,048
—(V. 43, p. 308, 398; V. 44, p. 60, 90, 494, 781.)
$693,583
$146,120
.
.
Total disbursements
Balance, deficit
.
408
Cleveland Akron & Columbus Railway.—Owns from Hud
son, O., to Columbus, O., 144 miles, and branch, Kilbuck to Dresden,
35 miles; total, 179 miles. Default was made July, 1874, by Cleve. Mt.
Vernon A Del. Bold in foreclosure in 1882 to parties representing the
Holland bondholders. The company was rearganized under this title
in Jan., 1886. The 1st mort. bonds may be redeemed Jan 1, 1891, and
of the gen. morf. sufiioient were held to retire the firsts. Gross earnings
in *86, $542,915; net, $130,532; charges, $56,828.
Gross in’85, $493,890 ;[net, $88,001. Repoit for ’86 in V. 44, p. 433.
(V. 44, p. 275, 369,
433; V. 45,
p.
341, 792.)
Cleveland Sc Canton.—Line of road—Cleveland to Coshocton, O.,
miles; Canton to Sherrodsville, 43 miles; Oneida to Minerva, 3 miles;
115
total, 161 miles. The Connotton Valley Railroad was sold in foreclosure
May 9,1885, and this company was organized with an authorized capital
of $4,000,000 common and $8,000,000 preferred stock.
In May, ’87,
stockholders voted to negotiate a mortgage of $2,000,<>00 to change the
gauge to standard, Ac. The gross earnings for year ending June 30,1887,
were $370,007; net, $73,278; surplus over taxes and charges, $L,684.
Be© full report to Dee. 31,1886, V. 44, p. 120.
From July 1 to Nov.
30,1887 (5 months) gross earnings were $172,658, against $166,813 in
1886; net, $61,343, against $37,726. (V. 43, p. 244, 487; V. 44, p. 120,
211, 275, 400, 433, 621, 751; V. 45, p. 84, 271, 292, 855.)
Cleveland
Columbus
from
Cincinnati Sc
1,215,000
(?)
14,991,600
2s 1,000
3,000,000
4.007,000
3,205,000
700,000
100
Indianapolis.—Owns
N. Y., J. A.
6 g.
9,800,000
Mortgage bon ’sfor $2.000,000.
Cleveland Columbus Cincinnati it Ind— Stock
W
$4,000,000
260,000
*5*
2
7
7
7
or
2,759,200
(?)
740,500
65
4,600
(?)
500,000
2,000,000
6 g
6 g.
7
-
600,000
11,247,036
1,104,841
2,054.000
1,589,000
401,000
600,000
4,701.000
6,250.000
2,000,000
J. A
M. A
J.
F.
J.
M.
J.
J.
A.
A
J.
8.
do
do
F.
M.
J.
J.
6
F.
do
do
J. Boston Inter’l Trust Co
N. Y., U. S. Trust Co.
J.
do
do
N.
do
do
D. New York or London.
New York.
J.
O. N.Y.. Union Trust Co.
A
A
A
A
A
A A.
A S.
A J
A J.
6
7
7
7
6
7 g.
6 g.
J.
M.
J.
J.
J.
J.
J.
J.
A.
F.
J.
Irregular.
Aug. 1, 1893
«ept. 15, 1896
N. Y., Union Trust Co.
Jan., 1890
1938
A J.
do
do
do
do
do
do
do
do
N,
J.
J.
D. Phila., Phil. A R. Office.
J. Boston, Treas.’s Office.
D.
N. Y., Cent. Tr. CV
J. N.Y., Fir.-t Nat. Bank.
do
O.
do
A.
Phila., Penn. RR.
J. N.Y., Farm’s’ L.ATr.Co.
11,696, 00 133e st’k
5 g.
M. A
8,000,000
Y.,Chase Nat. Bank.
1,000,000
1,882,000
2,000,000
1,378,000
6
7
6
6 g.
J.
May, 1899
June 1,1914
Jan. 1, 1934
Oct. 1, 1898
Cleveland, Olliee.
A
A
A
A
A
A
A
A
A
A
6 g.
i, i917
Feb. 1, 1883
Until 1-899
N. Y., U. S. Trust Co.
do
do
A A N. Y., Metrop. Trust Co.
Q:-M. N. Y., Farm. L. A T. Co.
1^
July
A A.
Q. -Mar.
7 g.
7
5
7
Feb. 1, 1897
Jan. 1, 1926
Mar 1, 1927
Horsey,
S. N.
A D.
do
do
1937
Dec.
1, 1887
Jan., 1892
Nov. i, 1900
Jan. 1.
Jan. 1,
June 1,
1913
1934
1898
July, 1909
Juno
Jan.
1, 1936
1, 1916
April 1, 1923
Feb. 1,
Jan. 1,
1893
1914
Aug. 19, 1885
Sept. 1, 1931
June 1, 1904
INCOME ACCOUNT.
Receipts—
Net earning
Rentals and interest
Miscellaneous
Total income
DisbllT8ClYl6HlS —
Interest on debt
Dividends
Miscellaneous
1883.
1884.
1885.
$
1,069,581
129,497
165,531
$
$
724,493
211,396
13,805*
1886.
644,225
213,032
$
1,221,129
263,626
1,364,609
949,694
857,257
1.484,755
507,453
602,540
659,385
702,810
(2)299,934
26,995
102,633
79,893
2,133
Total disbursem’ts
834,432
705,173
739,281
704,943
Balance surplus
530,177
241,521
*117,976
*779,812
*
From the surplus as here given each year, there was spent for addi¬
tions to property: In 1885, $177,14* ; in 1886, $18^,418.
-(V. 44. p. 21. 59, 184, 303, 357, 368, 526, 621, 751; V. 45, p. 25, 84,
142, 437, 572, 743, 872, 886.)
Cleveland Lorain Sc Wheeling.—Owns
West Wheeling, O., 158 miles. Chartered as Lake
from
Lorain, O., to
Shore & Tuscarawas
Valley in 1870 and opened in 1873. Sold under foreclosure Jan. 26,
1875, and reorganized as Cleveland Tuscarawas Valley A Wheeling. In
February, 1883, road sold and reorganized as Cleveland Lorain &
Wheeling. Common stock is $1,000,090 and preferred $1,600,000. In
1885 gross earnings were $755,447; net, $212,111. In 1886 gross
earnings, $811,357; net, $257,403; interest, $49,000; surplus, $208,403.
(V. 44, p. 653.)
Cleveland Sc Mahoning Valley.—Owns from Cleveland, O.,
to Sharon, Pa., 81 miles; Niles, O., to New Lisbon, O., and branches,
46 miles; total operated, 127 miles.
It was leased to Atlantic & Great
in perpetuity from October 1,1861. A new lease was made
reorganized company, New York Penn. & Ohio, till Oct. 1,1962;
the rental is $412,180 per year. Dividends have been paid at irregular
oeriods, and amount to about 11 per cent per annum. Iu Sept, 1887,
tbeis-ueof new bonds was authorized to provide for the outstanding
issues and to double track the road from Cleveland to Youngstown.—(V.
Western
to the
45, p. 472.)
Cleveland Sc
Marietta.—Operated from Marietta, O., to Canal
branch, 99 miles, and 7 miles, Valley Junction to Canal
Dover, leased. The Clev. & Marietta was successor to the M., Pittsb. Sc
Ciev., foreclosed in 1877. The road was again foreclosed May 5,1886,
and reorganized, and $2,000,000 new stock was issued in June, 1887.
In year ending June 30, 1887, gross earnings were $300,617; net,
$63,103 ; surplus over interest ana rentals, $34,382. In 1885-6, gross,
$293,«62; net, $62,813. A. T. Wikoff, Pres’t., Cambridge, Ohio
G. H.
Candee, Secretary and Treas., 52 William St., N. Y.—(V. 44, p. 653.)
Dover
and
Cleveland, O., to Columbus, O., 138 miles; Galiou, O., to Indian¬
apolis, Ind., 203 miles; Delaware, O., to Springfield, O., 50 miles;
leased, Cincinnati & Springfield RR., 80 miles; Levering Station to
Mount Gilead, 2 miles; Ind. & St. Louis RR., Indianapolis to Terre
Cleveland Sc Pittsburg.—(See Map Penn. RR.)—Cleveland, O., to
Haute, 72 miles; St. L. Al. A T. H., East St. Louis to Terre Haute, 189
miles; Alton branch, 4 miles; total owned, leased and operated, 738 Rochester, Fa., 124 miles; branches—Bayard, O., to New Phila., 31
miles. This was a consolidation in April, 1868, embracing the C. C. & C. miles; Yellow Creek to Bellaire, 43 miles; leased, Rochester to Pittsburg
and the Bellefontaine roads; subsequently leased Cinn. ~A Spring. RR. (P. Ft. W. A C.), 26 miles; total operated, 226 miles. The property was
leased for 999 years from Dee. 1, 1871, to Penn. RR. Co., and lease trans¬
and St. L. Al. & T. H. RR., and purchased Ind. A St. L. RR.
ferred to Penn. Co. May 1,1872. Rental, 7 per cent on existing capital
The company paid dividends prior to 1877, but after that the
and $10,000 per year
oompany expenses, the lessees assuming all lia¬
large decline in rates for through freight and the heavy rentals paid bilities. The terms offor
the lease were 10 per cent, but the old stock was
reduced the company’s income so that no further dividends were paid
until February, 1880, and none after that till February, 1883. In 1882 subsequently converted into a 7 per cent stock by an increase in amount.
For the year ending November 30, 1886, the gross receipts were
the oompany acquired control of the Indianapolis A St. Louis, and made
$2 885,234, and the deficit to lessee after making all payments was
a new lease of the St. Louis Alton & Terre Haute Railroad.
The sinking
$161,482, against a deficit of $341,981 in 1885.
fund provision of consolidated bonds may be canceled at
option of
holders, and the bonds so stamped.
Colebrookdale.—Owns from Pottstown, Pa., to Barto, Pa., 13
From Jan. 1 to Nov. TO, 1887 (11 mos.), gress earnings on C. C. C. A T. miles. Leased for 20 years from Jan. 1,1870, to Philadelphia & Reading,
proper were $4,199,716, against $3,801,659 in 1886; net, $1,615,321, at 30 per cent of gross earnings, but proposed changes in bonds given
against $1,437,483; surplus over interest and taxes, $891,343, against in V. 45, p. 143. Gross earnings in 1865-86, $55,528; net earnings (30
er cent rental), $16,659.
Gross in 1884-5, $44,905 ; net (30 per cent),
$506 988
13,471. Capital stock, $297,215. (V. 45, p. 143.)
Range of stock prices since 1882 has been; In 1883, 54® 34; in 1884,
Colorado Central—(See Map of Union Pacific) —Denver to Golden
28®69^; in 1885, 23®69; in 1886, 43^®75^; in 1887, 47^®68;
16 miles ; Golden to State line, 106 miles; Denver Junction to La Salle,
in 1883 to Jan. 20, inclusive, 52^^53.
151 miles; and narrow gauge line from Golden to Georgetown, 34
The annual report for 1886 was in the Chronicle, V. 44, p. 368.
On the C. C. & I. U. proper, the results for four years were as fallows : miles, and Forks Creek to Central City, 11 miles; leases line from
Colorado Junction to Wyoming State line, 9 miles; total operated, 327
miles. Chartered in I860, and main line opened in 1870.
OPERATIONS AND FISCAL RESULTS.
It Is owned by
the Union Pacific. The new mortgage bond was issued to take up the
1883.
1884.
1885.
1886.
old 8 per cent bonds, of which $87,000 are yet out.
Stock, $6,230,300.
Miles owned
391
391
391
391
Gross earnings in 1885, $1,320,765; net, $299,443; interest, $336,030;
Operations—
deficit $36,586.
In 1886, gross earnings, $1,391,215; net, $414,112 ;
Passenger mileage
43,548,617 42,176,610 38,145,360 39,496,055 interest, $336,030;
surplus, $78,341.
Rate $ pass. $ mile
2 217 cts.
2133 cts.
2*091 cts.
2150 cts.
Freight (tons) mil’ge. 408,436,350 397,678.278 428,691,881 423,545,587
Colorado Midland.—(.See Map)—This standard gauge road has
Av. rate # ton ty mile
beeu completed from Colorado Springs to Newcastle, Colorado, 178
0*751 cts.
0*633 cts.
0*577 cts.
0 679 cts.
Earnings—
$
$
$
miles; roa l was opened for operation Sept. 1, 1887, to Leadvil e, 133
$'
Passenger..
965,693
899,435
797,679
849,168 miles; branch to Aspen, 17 miles. At Colorado SpringB connection is
Freight
3,068,717
2,518,873 2,471,863
2,877,157 made with Denver A Pueblo over the Denver A Santa Fe road, which
Mail, express, Ac..
178,697
182,038
186,865
194,165 has just beeu constructed in the interest of the Atchison Topeka A
Santa Fe. The mortgage upon the property is for $6,250,000, being at
Total gross earn’gs.
4,213,107
3,600,346 3,456,407
3,920,490 the rate of $25,000 a mile, and the stock is $5,000,000. See abstract
Oper. exp. & taxes...
3,143,526
2,875,853 2,812,182
2,699,361 of mortgage (Central Trust Company of New York, trustee), in V. 45,
p. 540.
Mr. J. J. Hagerman, Colorado Springs, is the President,—(V.
Net earnings
1,069,581
724,493
644,225
1,221,129 45, p. 304, 509, 540.)
^
; balance, after additions to property, $474,556, against
...
.
..
.
„
BSAOTONNCDKS
RAILOD
44
INVESTORS’
Subscribers will
confer a great
explanation of column headings, <fec.,
on
first page
see
notes
Miles
of
Road.
of tables.
Oolumb. Hocking Valley £ Toledo—{Continued)—
Col. Sc II. V. 1st mortgage, sinking fund bonds..
Col. 6c H. V. 2d mortgage bonds
Columbus & Toledo; 1st & 2d rnort. coupon, s. f..
Ohio 6c W. Va., 1st M. (s. f. $15,000 begius in ’86)
Columbus Sprungfield £ Cincinnati—1st mort
Columbus £ Western—1st M. (eud. by Cent. Ga.).c*
Columbus £ Xenia—Stock C 8 p. 0. ren’l P. C. Sc St. L.;
1st mortgage
\ Penn. RR. guar’s lease.
Concord £ Claremont—Bonds
Concord £ Ports — Stock, 7 p. c. ren’l. 99 yrs. Conc’d
Conn. £ Possum.—Stock, 5-6 p c. ren’l, 99 yis, B. & L
Mortgage bonds
div. as Conn. Sc Pass.
do
bonds, guar, by Conn. Sc Pass
Newport & Richford bonds, guar, by C. Sc P
guar, same
Connecticut River—Stock
Connecting (Phila.)—1st mortgage
Corning Cowanesque £ Antrim—Debentures
0*
Covington £ Macon— 1st M., gold ($12,<»oO per in.).
Cumberland £ Pennsylvania—1st mortgage
2d mortgage, sinking fund, (guaranteed)
Cumberland Valley—Stock ($484,900 is preferred).
1st and 2d mortgages
Southern Pennsylvania, 1st mortgage, gold
Danbury £ Nor—Stock, 5
1 st and 2d
p. c. gu.
99
yrt.
Hous. RR.
mortgages
Consolidated mortgage
General mortgage
Dayton Ft. Wayne £ Ch.— 1st M
Dayton & Ironton, 1st mortgage, gold
c*
c*
c*
Date
of
Bonds
Size,
or
Bonds—Princi"
INTEREST OR DIVIDENDS.
Amount
Pal
Value.
Outstanding
$500&c.
$1,401,000
Rate per
When
Cent.
Payabl0
pal, When Due.
Where Payable ana by Sloe ks—Last
Whom.
Dividend.
-
121
121
118
85
45
60
55
55
172
71
Concord—Stock
Massawippi st’k,
f Vol, XLVI.
favor bjr giving Immediate notice of any error discovered in Xbase Tables
DESCRIPTION.
F or
SUPPLEMENT.
1867
1872
’75-’80
1880
1871
1881
1,000
3,040,000
1,584,000
1,000,000
800,000
1,786,200
1,000
1,000
50
....
1874
....
1873
...
i;ooo
50
500 Sic,
100
100
100 Sec.
100
1870
1881
m
m
m
•
•
•
•
.
•
•
•
•
•
•
•
•
1,500,000
155
1885
7
212
1,000
625,000
0 g.
5
2
6
6
0 g.
6
6
2
8
7 g.
600,000
212
400,000
100,000
100
350,000
2,370,000
1,000
991.000
1.000
1,250,000
1.000
1,000
1,000
820,000
803,500
392,000
1,777,850
270,500
....
36^2
3*2
2%
400,000
50
500&C.
•
•
1,000
•
•
302,000
1,500,000
500,000
350,000
2,500,000
400,000
m
1864
1883
1885
1866
1868
’70-’72
1880
1883
....
777,000
1.000
1860
41
147
110
37
37
22
80
7
78
60
38
38
82
52
24
3 6^2
33
1.000
7
7
7
7
7
6
2
7
5
7
50
100 &c.
....
100
150,000
1,000
1,300,000
A. & O. N. Y., Chase Nat. Bank.
J. & J.
do
do
Various
do
do
M. & N.
do
do
M.
S. Bost.,3 Merchants’ Row
J. Sc J.
N. Y., Nat. City B’k.
Q.-M.
M.
M.
J.
J.
F.
A.
F.
J.
J.
Sc
Sc
Sc
Sc
&
&
&
&
&
S.
N.
J.
J.
A.
O.
A.
J.
J.
Q.-J.
M.
M.
M.
M.
M.
cfe S.
Sc N.
Sc S.
& S.
& N.
Q.-J.
Oct. 1, 1897
Jan. 1, 1892
1900 Sc 1905
May
7
6
5
A.
M.
F.
J.
J.
A.
Sc
Sc
Sc
Sc
&
Sc
O.
8.
A New York and Danbury
J. Hou8atonio RR., Bri’pt
J.
do
do
O. N.Y., Bank of Republic.
6 g.
J.
&
J. Bost., Interu’l Trust Co.
Mar.
Abbeville ami Anderson, 21m; total 164 miles. Also owns Laurens RR.t
31 miles and leases Blue Ridge RR., 32 in., and Spartanburg Union Sc
Col. RR., 69 m. Total operated, 296 miles.
The Greenville Sc Col. road
was sold in foreclosure April 15, 1880, and
reorganization was made
under this name; preferred stock, $1,000,000; common stock. $1,000,-
000; par of shares $100; certificates of indebtedness outstanding $161,773; due R. & D. Co., $174,726. A majority of the stock was held by the
Richmond Sc West Pt. Terminal Co., and in May, '86, this road was leased
to the Rich. & Danv RR. Co. From Oct. 1 to Dec. 31, in 1887 (3 mos.),
gross earns., $200,819, against $196,353 in 1886 ; net, $88,365, against
$92,891.
In year ending Sept. 30, 1887, gioss earnings on all lines
weie $r»59,468; net, $102,264; interest and rentals, $242,176; deficit
$139,912. In 1885-6, gross earnings, $655,631; net, $214,833; interest
and rentals, $251,418 ; deficit, $36,585. (V. 43, p. 718.)
Columbia 6c Port Deposit.—Owns from Columbia, Pa., to
Port Deposit. Md., 10 miles.
Leased to and operated by Pennsvlvania
RR. Co.
Rental, net earnings. Rental in 1885, $33,150; in 1886. $81,$107. Capital stock, $497,100; funded debt, $1,882,000, and floating
debt (coupons), $1,004,290.
Columbus 6c Ciuciunati Midland.
Line of
road, Columbus,
O., to Clinton Val., O., 71 in. Opened in Nov.,’84. Stock, $2,000,000.
The company has a 50-years traffic agreement with the Baltimore &
Ohio andCin. W. Sc Balt, companies. Gross earnings in 1886, $320,259net, $112,795. Orland Smith. Pres., Cincinnati, Ohio. (V. 44, p. 495.) ’
Columbus
Hocking Valley 6c Toledo.—Owns main line
from Toledo to Pomeroy, 257 miles; branches—Logan to Athens, 26;
Logan to Straitsville, 13; Straits’e to Nelsonville, 17; others, 14; total,328.
This was a consolidation in July, 1881, of the Columbus & Hock¬
ing Valley, Columbus Sc Toledo, and Ohio Sc West Virginia. The stocks
of those companies were purchased and new consolidated stock for
$20,000,000 authorized; in August, 1885, a stock dividend of 133s per
cent was made, bringing the total outstanding up to $11,696,300. Of
the consolidated mortgage $6,500,000 was reserved to meet the prior
liens, and the “ Hocking Coal Sc RR.” joined in making these bouds. The
Central Trust Co. ef New York is trustee. The general mortgage of 1884
covers the road, and is also a mortgage on the coal property of the
“Hocking Coal & RR. Co.,” whose stock is owned by the C. II. Sc T.
A combination was made in 1885 with the
by which the
reorganized Ohio Central
company went under one management, as per the circu¬
lar in V. 40, p. 597, and the C. Sc H. V. guarantees the interest on the
T. & O. C. 1st mortgage bonds.
Range of stock prices since 1884 has been : in 1885, 18®43; in 1886,
2678'®451s; in 1887, 15'0>393i; in 1888, to Jan. 20, inclusive, 23 ®2576.
From Jan. 1 to June 30, in 1887 (6 months', gross earnings were
$1,239,123; net, $499,629.
The earnings of 1884 were greatly reduced by the miners’ strike in
the Hocking Valley, lasting from June, 1884, to March, 1885. Annual
report for 1886 in V. 44, p. 493; income for four years was as follows:
INCOME ACCOUNT.
1883.
Receipts—
Gross earnings
Net receipts
Disbursements —
Int. on bds. Sc car tr.Int. on float’g debt..
Int. to Pa.RR.on l’se
Miscellaneous
Tot. disburse'ts.
1881.
$ ‘
2,779,382
1,123,812
$
1,842,473
866,060
35,725
22,628
1885.
18is6.
2,361,403
601,819
$
2,311,003
977,306
866,060
56,814
884.564
61,586
946.925
42,832
22,277
22,902
22,5S1
1,490
..
$
978,010
18.7
0
945,151
924,113
970,542
1,031,0^8
sur.199,399 def. 343,332
sur. 6,764
def. 53,07 8
-(V. 43, p. 452, 196; V. 44, p. 90, 117, 148, 211, 275, 400, 493 ; V. 45,
p. 292, 856; V. 46, p. 74, 102 )
Columbus Springfield 6c Cincinnati.—Owns from Columbus,
Ohio, to Springfield, Ohio, 44 miles. Leased with Cincinnati Sandusky
& Cleveland to Indiana Bloomington Sc Western, May 1, 1981, for 3313
per cent of gross earnings, with guarantee of $80,000 as minimum.
Of the excess over minimum, if any, on 331$ basis, this company takes
one-llfth and Cincinnati Sandusky & Cleveland four-fifths.
Capital
stock, $1,000,000, and bonds, $1,000,000.
Columbus 6c Western.-Owns from Opelika to Goodwater, Ala.
60 miles, and Columbus to Opelika, 29 miles—total 89 miles.
The
Savannah Sc Memphis RR. was foreclosed June 5, 1880, and this Com¬
pany organized. Extension is in progress from Goodwater to Birming¬
ham, Ala 70 miles, which is expected to be completed in spring of
1888.
The bonds are endorsed by Cen. RR. of Georgia, which oper¬
ates the road as part of its system proper.
There was due the Central
RR. Aug. 31. 1887, $1,546,132 for new construction, etc.
There are
also $260,000 bonds at 8 p. c. due Oct., 1888, int. A. and O. In year
ending Aug. 31, 1887, gross earnings were $192,337; net over expenses
and taxes, $78,120. Gross earnings in 1885-86, $173,207; net, $52,127.
Stock, $1,750,000, owned by Cent. RR. of Ga. ~E. P Alexander, Pres’t;
Balance
,
Savannah.
Columbus 6c Xenia.—Owns from Columbus, Ohio, to Xenia, Ohio,
65 miles.
Is operated as a division of the Little Miami, and is leased
for 99 years in connection with that road to the Pittsburg Cincinnati &
1. 1900
Aug. 15, 1887
1890-92
1920
1925
Jan.
•
Columbia 6c Greenville (S. C.)— (See Map of Rich. £ Dun.)— The
company owns from Columbia to Greenville, 8. C., 14i miles; branches to
1, 1910
Sept. 1, 1901
Jail. 1, 1911
Columbus, 0.,Trea8Uier Dec., 1887
N. Y., Am. Exch. N. B’k Sept. 1, 1890
Bost.&Manchester.N.H. Nov. 1, 1887
1894
Bost., Treasurer’s office
Bost.tfeMancliester.N. H.
Jan,1888
Bost.Safe Dep.vfc Tr.Co. Aug. 1, 1887
do
April 1, 1893
do
Aug. 1. 1887
do
Jan. 1, 1890
do
Jan.
1, 1911
Boston, Springfield, &c. Jan. 2, 1888
Phila., Penn. RR. Office. 1900-’l-’2-’3-’4
Phila. F. I. T. Sc 8. D. Co. May 1, 1898
N. Y., Green Sc Bateman. Sept. 1. 1915
N.Y., Consol.Coal Office March 1,1891
do
do
May 1. 1888
Phila. and Carlisle. Pa.
Jan., 1888
Phila., T. A. Biddle Sc Co. 1904 & 1908
1, 1925
St. Louis, which pays 8 per cent on stock and provides for the bonds
The lease is guaranteed by the Pennsylvania Railroad Company. The
Columbus & Xenia pays 825 per cent dividend per annum.
Concord.—Owns from Concord, N. H., to Nashua,N. H., 35 miles;
Manchester Sc North Weare, 19 miles; Hookset Branch, 7 miles; leased—
Concord & Portsmouth, 41 miles; Suncook Valleyr, 20 miles; Nashua
veton &
Boston, 20 miles; Manchester & Keene RR., 30 miles; total
Annual report, in V.
operated. 172 miles. Fiscal year ends March 31.
44, p. 652. Income account was as follows:
INCOME ACCOUNT.
1883-84.
1884-85.
1885-86.
1886-87.
earnings .......$1,142,894 $1,100,861
earnings
$476,190
$406,379
$1,071,963
$452,573
$1,166,847
$479,475
$113,319
37,755
$112,532
$113,005
37,359
104,091
150,000
152,314
178,074
150.000
150,000
$405,165
$1,214
$451,718
$478,438
$1,037
Gross
Net
Disbursements—
Rentals
Taxes on stock
Improvements and re¬
served for imp’s, &c.
Dividends, 10 per cent.
Total disbursem’ts.
$144,593
37,360
143,236
150,000
$475,189
Surplus
$1,601
—(V. 43, p. 210; V. 44, p. 652.)
36,872
$855
Concord 6c Claremont.—Owns from
Concord to Claremont,
N. H., 56 miles; branch, Contoocookville to Hillsborough, N. H.,
15 miles; leased—Peterboro & Hillsboro HR., 18 miles; total operated,
89 miles. Capital stock. $412,400.
The lease to the Boston & LowTell
RR. having been held invalid, this load was operated indepently after
July 1,1887. (V.45, p. 26).
Concord 6c Portsmouth^— Owns from Portsmouth, N. H., to
Manchester N. H.. 40*2 miles.
The road was sold to first mort¬
gage bondholders in 1857, and leased to Concord RR. in 1862 for 99
years.
Lease rental is $25,000 a-year, which gives 7 per cent a year to
stockholders. There is no debt.
Connecticut 6c Passumpsic.-^Owns from White River Junction,
present
Vt., to Canada Line, 110 miles; leased, Massawippi Valley and branch
(Canada), 37 miles; total operated, 147 miles. The lease of Massawippi
Railroad is at 6 per cent on bonds and same dividends as are paid on
the stock of the lessee.
From January 1, 1887, this road was leased
to tli© Boston Sc Lowell for 99 years on a basis to pay C. Sc P.
stock 5 per cent per annum for ten years aud 6 per cent thereafter.
Gross earnings in 1885-86, $758,930; net, $286,981. From July l to
Dec. 31, iu 1886 (when B. Sc L. took control), gross earnings were
$418,791; net, $193,795.—(V. 43, p. 308 ; V. 44, p. 400.)
Connecticut River.—Owns from Springfield, Mass., to South Ver¬
non, Vt., 50 miles; branches, 6 miles; leased (for 99 years from April,
1887) A8liuelot RR., South Vernon, Vt., to Keene, N. H., 24 miles;
total operated, 80 miles.
In year ending Sept. 30, 1887, gross earnings
were $939,742; net income over rentals and
interest, $219,599; in
1885-86, gross, $879,344 ; net income, $21^,551. Pays regular divi¬
on
stock
and
funded
debt,
dends
has no
but notes payable Sept. 30,
1887, $150,000. (V. 43. p. 517; V. 45, p. 572, 791.)
Connecting (Philadelphia).— Owns from Mantua Junotion to
Fraukford Junctiou, Pa., 7 miles.
A connecting link in Philadel¬
phia to the West and South.
Operated by Pennsylvania Railroad.
Rental $139,993. winch pays 6 per cent on $1,278,300 capital stock;
and interest on $991,000 funded debt. The bonds are issued in series
ABC and D, maturing respectively in 1900-’l, ’2, ’3 and ’4.
Corning Cowanesque 6c Antrim.—Owns from Corning, N. Y.
to Antrim, Pa., 53 miles; branch, Lawrenceville to Harrison Valley
Pa., 32; total operated, 85 miles.
Consolidation (January, 1873)
of the Bl08sburg Sc Corning RR. and the Wellsboro RR. June 1, 1874,
the Cowanesque Valley RR. was absorbed. These lines are leased to and
operated by the Fall Brook Coal Co., together with 7 miles owned.
Rental paid—6 per cent on bonds, 6 per cent on common stock and 7
per cent on preferred stock; dividends paid quarterly, March 31, &c.
Stock—common, $1,500,000, aud preferred, $500,000. The coal line of
Phila. Sc Reading and N. Y. Central is over the road of this company,
which jointly guarantees the bonds of the Pine Creek Railroad
Company.
Earnings in 1885-86, $614,688; net, $202,208; rental
paid C. C. Sc A. RR., $150,000; surplus to lessee* $52,208. Earnings in
1884-85, $607,595; net, $L79,I95; rental paul C. C. & A.,$L50,o00;
surplus to lessee, $29,195. George J. Magee, Prest., Watkins, N. Y.
Covington & Macon.—Line of road, Macon, Ga., to Athens, Ga.,
105 miles; in o; eration, Macon to Monticello. 51 miles
Extension in
progress.
Bouds are issued at the rate of $12,000 per mile aud capital
stock $12,COO per mile. Douglass Green, 10 Wall St., N. Y. City, is Pres’t.
Cumberland. 6c Pennsylvania.-Owns from Cumberland, Md.,
to Piedmont, Md., and several branches, 55 miles.
It is owned and
operated by Consolidation Coal Co., which guarantees second mortgage.
Cumberland Valley.—Owns from Harrisburg, Pa., to Potomac
River, Md., 82 miles; leased—Martinsburg & Potomac RR., 12 miles;
Dillsburg & Mechauicsburg RR., 8 miles; Southern Pennsylvania RR.,
23 miles; controlled, Mont Alto RR., 18 miles, but accounts kept sep¬
arate ; total controlled and operated, 141 miles.
Owns or leases sev¬
eral factory roads, in all about 43 miles.
The stock is owned in large
part by Penn. RR.Co. Large advances have been made to branch roads.
Operations and earnings on the main line for four years past were:
RAILROAD
January, 1888 J
Subscribers will confer a great favor by giving
DESCRIPTION.
For explanation of column headings, &e., see notes
on first page of tables.
36548 1
Dayton dk Mich.—Com. stock (3*a %guar.C. H.&D.).
Preferred stock, (8 percent, guar. C. II. & D.)
3d mortgage
Consol, mortgage, guar, by C. H. & D
Toledo Depot 2d mortgage
Dayton dk Union—1st mortgage, sinking fund
Income mortgage bonds
Dayton dk Western— 1st M., guar. L.,M. and C. & X.
Delaware—Stock—0 p. c. guar, till ’08, P. W. & B.
Mortgage bonds, convertible, guar. P. W. & B
Del. dk Bound Br.—Stock—8 % gu., Pliila. & Read..
1st mortgage
2d mortgage debenture bonds, reg
—
38
41
100
85
31
27
Delaware Lackawanna dk Western—Stock
Consol, mort., on roads &equipm’t, ($10,000,000)
Plain bonds (not mortgage)
Del. Maryland <t Va.—June. & Breakwater—1st M.
Juno. & Breakwater, 2d mortgage
Breakwater & Frankford, 1st mortgage, reg
Worcester Railroad, 1st mortgage, coupon
886
288
Denver <6 Rio Grande—Stock ($45,500,000)
Pref. stock, 5 per ct., non-cum. ($28,000,000) —
1st mort., gold, sink, f’d
L,457
L,457
44
44
19
35
295
Consol, mortgage, gold (for $42,000,000)
c * 1,457
370
Denv.dk R.Gr.West.— 1st, g. ($16,000 p.m.),cp.or reg.
Coup, certs, (see V. 41, p. 273) pa} able at wil*—
150
Denver South Park dk Pur.—1st M. gold, sinking fd.
Consol, mort. gold ($17,000 per mile)
120
Denv. Tex. dk Ft. Worth— 1st M. ($20,010 per mile).c*
138
Denver Texas dk Gulf— 1st moitgage
88
Des Moines dk Ft. Dodge— 1st mort., coup., guar
1st
88
56
mortgage, income, guaranteed by C. R. 1. & P.
Mortgage on extension, guaranteed by C. R. I. & P.
Years.
Miles.
125
125
125
1,000
1,000
1,000
1875
25
500 &c.
>
»
•
.
.
•
50
1,000
....
1,000
....
1,000
1,000
1.000
1,000
1,000
1.000
1,000
-Div. p. ct.Pref. Com.
10
10
Net
30,018.284
27,965,203
25,844,869
$793,063
$223,044
768,332
213,338
9*a
9»«
699.393
255.311
8
733,708
196,285
8
8
8
Danbury Sc Norwalk.—Owns from Danbury, Conn., to Wilson
Ridgefield and
Hawleyville, together 10 miles; total operated, 36*2 miles. In July
1886, a lease of this road was made to the Houeatonic for 99 years, the
lessee to pay interest and 5 per cent per annum on stock.
Tn la85-86
net earnings were $92.510; in 1884-5, $80,129.
(V. 43, p. 334.)
Dayton Fort Wayne Sc Chicago.—Koad from Day ton, O., to Ironton, 162 miles (the former Dayton & Irontou road); Dayton, O., toDelPoint, South Norwalk, Conn., 26*<j miles; branches to
i)his,
ine 96
Fort
miles;
total,This
258 company
miles, andwasprojected
Wayne.
formed 43
in miles
June.from
1887,the
bymain
con
to
Dayton & Chicago by the
Ii is proposed to issue
F. B. Loomis, President, N. Y. (V. 45, p. 13, 53,
solidation of the Dayton & Irontou and the
Ives party. Stock authorized, $15,00c,000.
$4,500,000 bonds.
768; V. 46. p. 102.)
Dayton Sc Michigan.—Owns from Dayton, O., to Toledo, O., 141
miles. Leased May 1,1863, in perpetuity to the Cincinnati Hamilton &
Dayton. Lease amended January 23,1370. The rental is the interest
and sinking fund of debt, and 8 per cent on preferred stock and 3*s per
cent on $1,003,600 common. Of the common stock only $1,003,600 is
guaranteed 3*2 by C. H.&D. Profit to lessee in 1883-84, $161,990;
1884-85, $196,387; 1885-6, $215,219; 1886-7, $276,562. Due lessees
for advances, March 31, ’87, $<02,376. The lessees held $1,399,273 of
the common stock, but sold this in Juue, 1887. (V. 44, p. 751.)
Dayton Sc Union.—Owns from Dodson, Ohio, to Union City, Ind.,
32 miles; leased Dayton to Dodson, 15 miles; total operated, 47 miles.
The Greenville & Miami RR. was sold out Oct. 30, 1862, ind re-organ¬
ized as now Jan. 19, 1863. Operated by trustees since December 23,
1871. Capital stock, $86,300.
In 1885-6 gross earnings were $165,975; net, $6?,410. In 1884-5 gross earnings, $135,140 ; net, *45,694.
Dayton Sc Western.—Owns from Dayton, O., to State Line, Ind.,
37 miles. Leased in perpetuity from Jan. 1, 1865, to Little Miamiand carried with that road in the general lease to the P. C. & St. L. The
lessees are virtual owners and are answerable for all obligations.
Delaware.—Owns from Delaware Junction (P. W. & B.), Del., to
Delrnar (Md. Line), 84 miles; branches, 16 miles: total operated. 100
miles. The Dorchester & Delaware and Queen Anne & K. railroads
now operated by P. W. & B. RR.
The Delaware Railroad was opened
1855-60, and is leased for 21 years from 1876 to the P. W. & B.
Co.; rental 30 per ceut of gross earnings, but stock must have 6 per
cent. Gross earnings 1885-86, $671,738; net, $201,522; interest and
dividends, $130,734; surplus, $70,547; 1884-85, gross, $644,117; net,
$193,225; interest and dividends, $130,734; surplus, $62,501.
Delaware Sc Hound Brook.—Owns from Bound Brook (Cent,
of New Jersey) to Delaware River, 27 miles; branch, main line to
In connection with Central
forms
a line between New
the property was leased for
990 years to the Philadelphia & Reading Railroad Company—the lessee
paying interest and 8 per cent on stock after May, 1883. Gross earnings
in 1885, $689,432; net, $381,916.
In 1886, gross, $736,110: net. $397,829; rental $257,880; net profit to lessee, $139,949. (V. 44, p. 211.)
Delaware Lackawanna Sc Western.—(See Map).—This company
operates under lease an extended system of roads in New York, Penn¬
sylvania
and New Jersey. Owns from Delaware River (N. J. line) to New
York State line, 115
miles; branches—Scranton to Northumberland,
80 miles; Greenville to Winton, Pa., 8 miles; to Storrs, 3 miles; Junction
to Keyser Valley, Pa., 5 miles; leased lines in New York—N. Y. Lack. &
Western RR., 214 miles; Cayuga & Susquehanna RR., 34 miles;
Greene RR. 8 miles; Oswego & Syracuse Railroad, 35 miles; Utica
Chenango & Susquehanna Valley RR., 97 miles; Valley RR., 12 miles;
controlled and operated—Syracuse Binghamton & New York, 81 miles;
leased lines in New
Jersey—Chester RR., 10 miles; Morris & Essex, 118
miles; Newark & Bloomfield, 4 miles; Warren RR., 18 miles; Sussex, 30
nnles; Passaic & Del., 14; total operated, 886 miles; the Rome & Clin.,
13 miles, and Utica Clin. & Bing., 31 miles, were surrendered April, 1883.
In 1882 the important connection to Buffalo, the N. Y. Lack. & West,
was opened, and the road was leased
by this company. The Lackawanna
&
Bloomsburg was consolidated with this company June 19, 1873.
The Delaware Lackawanna & Western Railroad publishes no annua)
report in pamphlet form but merely a circular showing income
account and balance sheet. The road was operated mainly as a coal
carrier and distributer till 1882, when the line from Binghamton to
Bufialo was built and leased to the Delaware Lackawanna & Western,
and the company entered the field as a competitor of the trunk lines
betweep New York and Buffalo.!
The Delaware Lackawanna & Western formerly paid 10 per cent on its
stock, but its numerous railroad leases became onerous, and in the dull
times, 1876 to 1880, no dividends were paid: in 1880 3 per cent was
£aid;
in 7.1881, 6%; in 1882,1883, and 1884, 8 ; in 1885,7%; in 1886, 7.
11887,
Prices of stock yearly since 1870 have been: 1871,102@111*2; 1872,
9191121s; 1873, 79*2® 106; 1874. 993>11238; 1875,106^9123; 187f,
64*29l203s; 1877, 30^8®77: 1878. 41 a>6178; 1879. 43 ®94; 1880, 68**
9110%; 1881* 1079131; 1882, 116*49150*45 1883,111*29131*2; 1881,
Payable, and by
Whom.
Stocks—Last
Dividend.
Y., Winslow, L. & Co
do
do
do
do
do
do
do
do
Oct., 1887
Jan., 1888
Oct., 1888
38,000,000
23,650,0< 0 1*4 & sep J. & J, Office, 47 Win. St., N.Y. Jan. 12,1888
6,382,500
7 g. M. & N. N. Y., 4th National Bk. Nov. 1, 1900
4 g- J. & J.
do
do
25,375,000
Jail. 1, 1936
6 g. M. & 8. N.Y., 4th National Bk
6,900,000
Sept. 1, 1911
(?)
5
M. & S.
do
do
Sept. 1, 1895
7
M. & N. N.Y., London& ^rankf’t May 1, 1905
1,800,000
6 g. J. & J.
Jan. 1, 1921
N. Y.. Co.’s Agency.
2,925,000
5
(?)
M. & N. N. Y., Mercantile Tr.Co. Nov. 1, 1937
3,000,000
5 g. A. & 0.
N Y. Co.’s Agency.
April 1937.
4
J. & J. N. Y., Morton, B. & Co. Jan. 1, 1905
1,200,000
J. & J.
1,200,000
do
do
June 1, 1905
2*2
672,000
4
do
do
J. & J.
June 1, 1905
500&C
500&C
Earnings.
Trenton, 4 miles; total operated, 31 miles.
400,000
....
100
100
1870
1886
1881
1885
1876
1880
1887
1887
1874
1874
1881
Bonds—Princi¬
pal,When Due.
A. & O.
Jan. 1, 1911
J. & J.
M. & S.
March 1, 1894
J. & D. N.Y., Am.Exch.Nat.Bk. Dec. 1, 1909
J. & D.
After 1910
J. & J. N.Y., Bank of America. Jan. 1, 1905
J. & J.
Dover, Co.’s Ofiice.
Jan., 1888
J. & J. Phil., Fid. I.T.&.S.D. Co. July 1, 1895'
Nov. 16, 1887
Philadelphia.
Q.-F.
F. & A. Pliila.,Guar.T.& S.D.Co.
May, 1905
M. & N.
May 1, 1899
Philadelphia.
Q.-J. N. Y., 26 Exchange PI. Jan. 20, 1888
M. & S.
do
do
Sept. 1.1907
do
do
J. & D.
Juue, 1892
1890
J. & J.
Philadelphia.
F. & A.
do
1899
J. & J.
do
1898
A. & 0.
do
1896
1%
250,000
200,000
....
Where
Q.-J.
7
7
4
4
4
4
400,000
....
Gross
of New Jersey and North Pennsylvania
York and Philadelphia. In May, 1879,
«
....
Earnings.
125
495,000
When
A. & O. N.
1%
1,537,060
650,000
1,742,000
1,500,000
242,000
26,200,000
3.074,000
600,000
....
.
1877
1872
1860
1879
1873
1876
discovered in tbese Tables.
Payable
2
7
5
7
7
6
6 & 7
3
6
2
7
6
351,000
.
*
Cent.
2,324.000
53,000
225,000
173,000
«...
•
any error
Rate per
$2,403,171
1,211,250
1864
1879
1879
1864
Mileage.
Freight (ton)
Outstanding
50
1,000
1,000
43
INTEREST OR DIVIDENDS.
Amount
$50
1871
1869
1881
1875
1879
BONDS.
Immediate notice of
Miles Date
Size, or
of
of
Par
Road. Bonds. Value
141
141
142
142
Alfa)
STOCKS
.
86%9133*8; in 1885, 82^^12958; in 1886,1159144; in 1887, 123*s*
1398; in 1888 to Jao. 20, inol., 128*s9131*8.
The following is a synopsis of the company’s income account or
four years from the report in Chronicle, V. 44, p. 273.
1883.
Gross rec’ts. all
Operating
sources.
expenses
...
Betterments
Total expenses
Net
receipts
1886.
1885.
1884.
$
$
$
$
32.819,606 31,311.992 31,091,677 32,342,865
23,093,048 23,008,147 23,2<i0,572 24,954,433
385.033
443,182
1,072,816
164,029
24,165,864 23,393,180 23,^63,754 25,118,462
8,653,742 7.918,^12 7,427,923 7,224,403
INCOME ACCOUNT.
1884.
1885.
7,427,923
3,706,799
2,096,000
7,918,813
5,113,322
2,805,4)0
2,L 96,000
8
8
7 *s
1883.
Net receipts
Iuterest and rentals
B
8,653.742
4,946,943
dance, surplus
Dividends
Rate of dividends
Balance after divid’ds..
1,610,799
709,490
1886.
7,224,403
5.187.089
5.186.711
2,240,834
1,96 %000
2,037,692
1,834,000
7
203,692
275,834
GENERAL BALANCE AT CLOSE OF EACH FI8CAL YEAR.
Assets—
RR. buildings,
1883.
equip-
m’t, coal lands, &c..
Stks&bds ,own’d,cost
Net cash & eur. acc’ts
Materials, fuel, &c...
Total
Liabilities—
Stock.
Funded debt
Balances
Surplus
account
Total liabilities
*
$
33,089,386
6,503,851
*147,987
1,265,810
41,007,034
1886.
1885.
1894.
$
34,250,418
5,449,713
*527,121
1,049,712
$
$
34,508,0 47 34,496,431
4,770,654
5,374,918
*897,331
*357,562
1,221,174
941,372
41,276,965
41,181,899 41,385,590
26,200,000
4,044,900
439,560
26,200,000 26,200,000
4,044,900 3,674,000
26,200,000
10.322,574
11,03‘LOG5 11,307,899
41,276,965 41,181,899
11,511,590
41,385,590
41,007,034
3,674,000
Net balance between liabilities and assets.
-(V. 43, p. 580; V. 44, p. 149, 212, 273; V. 45, p. 212, 643.)
Delaware Maryland. Sc Virginia.—Consolidation June 1, 1883,
of the Junction & Breakwater, the Breakwater & Frankford and the
Worcester railroads. Road extends from Harrington to Relioboth, Del.,
44 miles; Georgetown to Franklin City, Va., 54 miles; total. 98 miles.
In July, 1885, the company passed into control of the Phila. Wil. &
Balt. RR. and became part of the Penna. RR. system. In year end¬
ing Oot. 31, 1887, gross earniags were $L68,253; net, $10,850; deficit
under interest. $38,853. In 188^-86, gross, $149,357; net, $27,317;
fixed charges, $50,000; deficit. $77,317.
Denver Sc Rio Grande (3 feet.).—(See
Map) -Owns from Denver
City, Colorado, via Pueblo, Salida, Gunnison, Montrose and Grand
Junction, to the western boundary of Colorado, where it connects
with the Denver & Rio Grande Western, to Salt Lake City and Ogden,
making the distance from Denver to Ogden 771 miles, and from Pueblo
to Ogden 651 miles. Branches run to Leadville, Dillon, Red Cliff, Crested
Butte. Silver Cliff, Chaffee, Aspen,Ouray and Hot Springs; also from Pueb
lo to Silverton, via Cuchara, Alamosa and Durango, with branches to El
Moro, Espanola. Del Norte and Wagon Wheel Gap; tota Jan., 1888,
1,457 miles.
The standard gauge new road from Rock Creek to
\sr-en. 104 miles, was finished Nov. 1,1887, and with third rail ou other
parts the total standard gauge Dec., 1887, exceeded 40 J miles.
The former D. & R. G. Railway was foreclosed under the old consoli¬
dated mortgage, July 12, 1886, and sold for $15,000,000. Reorganiza¬
tion was made under the title of Denver & Rio Grande Railroad Co.
Of the $42,000,600 consol, gold bds. (U. S.Tr. Co., trustee) authorized,
$6,382,500 were reserved to retire the old bonds when due ami $6,900,000 retained for acquiring the Denver & Rio Grande Western or to
extend the Denver & Rio Grande to Ogden. Of the $45,500,c00 com¬
mon stock, $7,500,000 to he held to acquire the Denver & Rio Grande
Western, or to build the line to Ogden, and $4,350,000 of pref. stock re¬
served for the same purpose. The preferred stockholders have the right
till 1891 to elect two thirds of the directors, unless dividends are paid
out of^net earnings for two full years ou the preferred stock, after which
the directors shall tie chosen by all the stockholders. Tae dividend on
preferred stock paid Jan. 12, 1888, was 1*4 per cent in cash and 1*4 in
5 per cent scrip.
The range of stock prices since reorganization has been: Common in
1886, 14%®35% (ass. paid); in 1887, 20*2®32%; in 1988, t,» Jan, 20,
22*4®23. Preferred in 1886, 53%®637e; in 1887,5278®6838; in 1888
to Jan.
20, inch, 52®54*s.
1 to Nov. 30. 1887 (11 months),
From Jan.
gross
earnings were
$7,269,286, against $6,102,861 in 1886; net, $3,008,839, against
$2,250,151,
Earnings, expenses, &c.t for four years were as follows, no earnings
or expenses of the Utah leased lines being included in 1881 or 1885 :
1883.
1884.
1885.
1886.
Miles oper. Dec. 31...
1,679
1,317
1,317
1,317
$
$
$
$
Total gross earnings.. 7,361,546
5,552,103
6,738,077
6,119,051
Operating expenses
4,743,111
3,935,273
4.227,417
3,758,530
Net earnings
2,618,435
1,793,573
2,183,7sl
2,510,660
..
Other
receipts
114,531
Total income
2,732,966
34,401
1,827,974
67.227
2,251,007
46.710
2,557,400
INVESTOR’
SUPLEMNT
January, 1888.]
RAILROAD
STOCKS
AND
BONDS,
47
INVESTORS’
48
=wK?3«'W!.£^fetas»
Subscribers will confer
a
DESCRIPTION.
For
explanation of column headings,
on first page of tables.
Miles
Date
of
of
Ac., see notes
Road. Bonds
Consolidated mort., guar, by Gt. West’n of Can.
Det. Hillsdale d S. IT.—Stock, 4 % rental, L.S.A M.fc*.
Lansing d North.—8tock,
fVou XLV1.
great favor by giving Immediate notice of any error discovered in these Tables.
Detroit Bay City d Alp— lstM., g. ($15,000p. m.)..
Detroit Grand liaven dMil— 1st equin. mort., guar..
Detroit
SUPPLEMENT.
common..
Preferred stock
1st mortgage
Value.
Outstanding
1883
$1,000
$2,500,000
1878
1878
1,000
2,000,000
200 Ac.
3,200,000
1,350,000
1,825,600
2,510,000
2,487,000
•
•
•
....
1877
1869
1883
1887
143
43
97
1864
1887
Duluth South Shore d Atlantic - Stock
Stock, pref., 6 per cent
1st mortgage, gold ($12,000 per mile)
c&r
Dunkirk Altegh. Val. d Pittsourg—1st mort., gcld.o
90
2d mortgage
90
I'
c
3d mortgage
90
c
East Broad Top.—1st mortgage, registered
j
30
Easi Pennsylvania—\Stock, G % gu. 999 y rs.,Pliil.A R.
36
let mortgage..
36
East Tennessee Virginia d Georgia—Common stock. ' 1,42v>
1st preferred stock (5 per et. non cum.)
1,429
2d preferred stock (5 per ct. nou cum.)
1,123
Consol, mort., gold (for $20,000,000)
c»tr 1,123
Consol, mort., “Divisional” bonds, gold
552
c
Old 1st mortgage sinking fund bonds
242
1st ext. M., g, ($20,0u0 p. m.)for $15,000,000.c.tr
•
•
.
....
*
"
*
J. N. Y., Farm. L.A Tr. Co
New York A London.
do
do
J. N. Y., Farm. L. A Tr.
A.
Boston.
A.
do
J. Boston, 2d Nat. Bank, i
J.
do
do
J.
do
do
8.
J.
F.
F.
312
7
J.
8
J.
6
’ J.
5
M.
A
A
A
A
A
A
A
Co|
1
N.Y.,Office,216
7
J. A J. N. Y.. Nat. Park Bank.!
A. A O.
N. Y„ Office.
....
1,000
1,000
1,000
1,000
1,000
2,000,000
1,000,000
200,000
500.000
50
100 Ac.
100
100
1,000
1,000
1,000
1,000
1913
Nov. 14, 1918
Nov. 15, 1918
Jan., 1888
Feb. 15, 1887
July 1, 1889
July 1, 1913
Sept. 1, 1927
B’dwayJ
Oct
!
1, 1937
-
5 g7 g.
7
7
4
1,714,950
495,900
27,500,000
11,000,000
18,500,000
12,77t),000
3.106,000
....
1886
1880
1870
1887
A
A. A O.
A. A O.
586.000
3,500.000
....
....
J.
Dividend.
4,999,600
1P87
1870
1870
1870
1873
....
6 g6
6
2
3
Whom.
100
500 Ac.
12,000,000
10,000,000
4,000,000
....
Payable
566,000
1,160,000
....
....
When
Cent.
770.000
1,000
1858
Rate per
pal .When Due.
Where Payable, and by Stocks—Last
1,000
1,000
....
•
....
*
100
100
500 Ac.
1,000
«
....
222
59
32
53
Dubuque d Sioux City—Stock
1st mortgage, 2d division
Duluth d Iron Range—1st mortgage
Amount
189
189
65
268
268
Ionia & Lansing, 1st mort
c*
Saginaw A West.mort.. guar, ($15,000 per mile)..
1st M.. Gr. R. L. A D., guar. ($20,000 per mile).c*
Detroit Mack. d Mary— See miscella eons st« cks—
or
Par -
168
....
Bonds—Pnnci.
INTEREST OR DIVIDENDS.
Size,
3
7
J.
J.
A
A
A. A
A. A
J. A
J. A
M. A
J
New York, Agency.
D. N.Y., N.Y. Cent. A Hud.
O.
do
do
O.
do
do
J. Pliiladelp’a, Co.’s Office.
J. Phi la., by P. A R. RR.
S.
Phila., P. A R. office.
Jan
1, 1937
June, 1900
Oct.
Oct.
1, 1900
1. 1900
July 1, 1903
Jan
,
1888
.
4
Office, 10 Wall Street.
5 s.
5 g.
7
5 s.
3,123,000
1,000,000
M.
J.
J.
J.
A
A
A
A
N. N.
J.
J.
D.
Y., Central Trust Co.
do
do
do
do
do
do
Aug. 1,1887
Nov] *1,*
1956
July 1, 1930
July 1, 1900
June 1, 1937
■
1883.
Disbursements—
Interest on debt
Ren’l of D.R.G.W. RR.
Taxes and miscellan’s
$
2,036,813
317,752
246,234
Total disbursements..
2,600,799
1884.
1886.
1885.
$
$
(
$
677,697
572,364
\ *520,928
572,364
1,198,625
225,213 )
Balance, surplus
132,167
1,678,643
1,358,775
—(V. 44, p. 21, 59, 117, 211,244, 466, 586, 652, 653, 808; V. 45, p
538, 613. 696, 743.)
...
Denver Sc Rio Grande Western (narrow gang©).—The mort¬
gage covered lines in Utah Territory of about 469 miles in all, of which
there have been completed: Colorado State Line to Ogden, Ut., 311 miles;
Bingham Junction to Alta, 18 miles; Bingham Junction to Bingham,
16 milts; P. V. Junction to coal mines 19 miles; other branches. 9
miles—total, 373 miles. The stock issued on 469 miles is $7,500,000.
About $1,000,000 bonds were issued on road only partially completed.
In August, 1884, W. H. Bancroft was appointed receiver of the D.
A R. G. W., but discharged in July, 1886.
Bondholders have generally accepted the proposal of August, 1885,
viz., that the coupons from Sept. 1. 1886, to March 1, 1889, inclusive,
shall be paid one-half in cash, lull interest being resumed with Sept.,
1889. Scrip bearing 5 per cent is given for these coupons. Of this scrip
$105 is paid by payment of its coupons and $195 matures 8ept. 1,1895,
but it may be redeemed at company’s option by payment in full, and no
dividend on stock can be paid til it is redeemed. The full interest ou
bonds is $414,000, but under the plan it was to be $205,6S9 in 1886,
$253,575 in 1887, $263,925 in 1888, $428,283 in 1889. and afterwards
$414,000 on the bouds, and 5 percent on the funding certificates
amounting to $67,275, making the total interest cha'ge per year $481,275, as the principal of certificates will be $1,345,500, if all are then
our standing.
From Aug. 1 to Nov. 30 in 1887 (4 mos.) gross earnings were $496,801.
against $408,119 in 1886; net, $179,649, against $158,*02.
In the year ending July 31, 1887, gross earnings were $1,086,391;
net (adding small credits) over expenses and taxes, $333,515 ; surplus
over j ear’s interest, $85,115.
(V. 44, p. 59, 60, 91, 211, 466; V. 45, p.
704.
Denver South Park &
Pacific
(3
ft.)—(See
Pacific).—Denver,Col.,
Map of
Union
to Natlirop, 137 miles; Nathrop to Gunnison, 65
miles: Gunnison to Mount Carbon, 17 miles; Garos r,o London Junction,
15 miles; Como to Keystone, 35 miles; Bear Creek Junction to Morrison,
10 miles; Dickej" to Leadville, 34 miles; Como to Mines. 4 miles;
Schwanders to Buena Vista, 4 miles; total, 322 miles. Stock owned by
Union Pacific is $6,135,100 out of $3,235,400, and consoi. mort. bonds
$2,797,000. The U. P. operates the road, but has made no guarautv of the
stock or bonds; on May l, ’87, the interest was defaulted, but paid in July.
In 1886 grossearn’s, $1,246,538 ; def. on operations, $46,304; def. under
interest,Ac., $347,804. In 1885grossearn’s, $1,145,494; def $16,129;
def. under interest, Ac., $320,869. (V. 44, p. 586, 627, 657; V. 45,
p. 25.)
.
Denver Texas & Fort Worth.—(See Map of Ft. W. d Den Un¬
irom Trinidad, Col., to a connection with
the Fort Worth A Denver at the 'JVxas State line. 120 miles, and to
lay a third rail over the Denv. A R. G. from Pueblo to Trinidad. Of
the first mortgage bonds $1,000,000 will be issued to provide for con¬
struction and equipment on the D. A K. G. third rail line Trinidad to
Pueblo ; $200,060 for terminals in Pueblo and Triuidad, and balance at
$20,000 per mile on new road. Capital stock authorized, $30.0 0,000;
issued $5<:0,000. J. T. Granger, Treasurer, No. 1 Broadwav, N. Y.
(V.
44, p. 499 ; V. 45, p. 642.
incorporated in 188? to build
Denver Texas & Gulf.— (See Map of FI. W. d Den C.)—Denver to
miles, and 13 miles branches.
On March 18, 1886,
the Denver A
New Orleans
road was sold and this company
Pueblo, 124
organized.
Denver
first
The
and
company owns
extensive
terminal
grounds
coal lauds at Franceviilc, which are covered by
mortgage.
The
company
has
consolidation with the Denver* Texas
entered
A
Fort
into
a
contract
Co.,
Worth RR.
in
the
for
now
constructing, and with the Fort Worth A Denver city RR. Co., now ex¬
tending north, which will form a completed through line from Denver
to Fort Worth, about
800 miles. The stock issued is in hands of a trus¬
tee, to be held till the road is built to the Ft. W. A D. C. RR. Jno.
Evans, Pres’t. Denver. (V. 45, p. 642.)
De* Moines &
Fort
Dodge.—Owns from Des Moines to Fort
an extension 56 miles to Rutliven, con
nectrng with Chicago Mil. A St. Paul. First 87 miles originally a div¬
ision of the Des Moines Valley RR., built in 1870 ana sola ou
in
1873. Common stock, $4,283,100; preferred, $763,500.
In November, 1886, an agreement was made for lease to the
Chicago
Rock Island A Pacific, for 19 years at a rental of 30 per cent of the
gross
earnings, with a guarantee of 4 per cent interest on the 1st mortg. aud
extension bonds, and 2*5 per cent per annum on the incomes, and road
Dodge, Iowa, 87 miles, with
delivered June 2,188 7.
In 1886, gross earnings were $339,610, net, $87,395;
surplus over
int.,Ac., $15,870. In 1885. gross earn’s were $382,420; net, $120,420.
Charles E. Whitehead. Pres., 61 Wall St. (V. 43, p. 579,738; V. 44, p.
117, 308, 494, 681, 751, 808 )
was
Detroit Bay City Sc Alpena—(See Map).—From Alger, on Mloh.
Cent. RR.. to Alpena, 105 miles; Loon Lake Branch, 18
in,: Mud Lake
Branch, 20 m.; other branches 70 miles; total road 213 miles. Has a
traffic contract from Mich. Central.
An extension to Sheboygan is pro¬
posed. Steck authorized is $2,000,000, issued $1,670,000. A dividend
or 4 per cent was
paid Jan. 3, 1888, at the office of H. B. Hollins A Co.,
N. Y. The mortgage covers road and equipment at
$15,000 per mile.
From Jan. 1 to Nov. 30 (11 months) in 1887 gross
earnings were $435,667. against $217,475 in 1886; net. $193,222, against $116,904.
-(V. 43. p. 572; V. 41, p. 308, 335, 343,553, 621; V. 45, p. 85; V.
46, p. 74, 75.)
Detroit
Grand
Haven Sc
Milwaukee,—Owns from Detroit,
This is a reorganization of
Mich., to Grand Haven, Mich., 189 miles.
the Detroit A Milwaukee which was sold in foreclosure
Sept.,
The bonds were guaranteed by the Great Western of Canada.
Jan. 1 to Nov. 30, 1887 (11 mo*.), gross e trnings were £227,031
1878.
From’
in 1887,
against £233,824 in 1886; net, £59,971. against £70,513.
Gross
earniugs in 1886, $1,244,033 ; net, $372,773. In 1885, gross, $1,154,640; net, $314,860.
.Detroit 'Hillsdale
Sc
Soutliwestern,—Owns from Ypsilanti*
The Det. H. A Ind. road was sold
Mich., to Bankers, Mich., 65 miles.
in foreclosure Dec. 28, 1874, and this company organized
by the bond¬
holders. In Aug., 1881, leased in perpetuity to the Lake Shore A Mich,
Southern Co.; the rental is $54,000 per year -4 p. ct.
(V. 43, p. 3990
Detroit Lansing Sc Northern,—Owns from
Grand Trunk
June., Midi., to Howard City, Mich., 157 miles; branches—Stanton June,
to Big Rapids, Mich., 63 miles; Belding Branch, m miles; leased, Grand
Trunk June, to Detroit, 3 miles; Lansing to No. Lansing, 1 mile;
Alma to Howard City, 43 miles; total operated, 268 miles.
A con¬
solidation, April 11, 1871, of the Detroit Howell A Lansing, the Ionia
A Lansing and the Ionia Stanton A Northern railroads, under the name
of Detroit Lansing A Lake Michigan RR., wThich w as sold in foreclosure
Dec. 14,1876, and newT stock issued as above. In July, 1883, leased
the Saginaw A Western arid endorsed the bonds.
Gross tarn's in 1885, $1,228,470; net. $467,199;
int., $267,019; div’ds,
$175,700; surp., $14,480. Gross earn’s in 1886, $1,226,536; net,$498,717 ;
int., $265,985 ;
div’ds, $230,465; sur., $2,267. (V. 44,- p.
585, 713.)
Dubuque Sc Sioux City—Owns from Dubuque, Iowa, to Iowa
Falls, 143 miles. The former Dubuque A Pacific was foreclosed in 1860,
and present company organized. In April, 1887, a controlling interest
in the stock was sold to Illinois Central. Siuce Oct. 1, 1887, the road
has been operated separately by its own officers, and
earnings not in¬
cluded in Illinois Central; a suit was brmig it to annul the Cedar
Falls A Minn. RR. lease. In May, 1887, 5 p. c. in stock of Iowa Land
A Loan Co. wras paid to stockholders. See V. 44, p. 21. There are also
$529.63 4 5 83 per cent noies to I. C. RR. for betterments, due Oct. 1,
1688, aud $295,000 other notes, bearing 5 percent, due Jan., 1839.
-(V. 45, p. 4 72, 768; V. 46, p. 33.)
Duluth Sc Iron Range.—Road from Duluth to Tower, Minn., via
Two Harbors, 97 mi.es, and under construction 21 miles to Chandler
Mine. Sold to a syndicate in 1887, and in Sept., 1837, a new mortgage
was authorized; *$3,500,000 to retire prior bonds and for the pin chase
and. improvement, of teiminal and ore docks property. The mortgage
further authorized the. issue of bonds for extensions at the rate of $25,000 per m le for construction aud $7,000 for equipment. The old issue
of bonds have all been canceled.
Metropolitan Trust Co. of N. Y. is
trustee of the mortgage. H. R. Bishop, 15 Broad Street, N. Y., Presi¬
dent.
(V. 44, p. 653; V. 45, p. 472.)
Duluth South Shore Sc Atlantic—(See Map).— Duluth to Sault
Ste. Mane. 40 ) rules, **f which 43 nines from Duluth to Tron River is *
used in common with Northern Pacific, and from NestoriatoMarqnetta,
46 miles, is leased in perpetuity from Marquet e Houghton A Ontona¬
gon
Railway
;
Soo Junction to St. Ignace, 43 miles,
an
l M. H.
On.
liu^s not included in above, 114 miles; total, 566 mile3.
At. Sault 8te.
Marie connection is made by bridge with the Cauadian Pacific, and
with the Grand Trunk when it reaches the Sault. This company pur¬
chased at judicial sale Oct. 20, 1886, the Detroit Mackinac. A Marquette
Raiuoad and property.
The D. S. S. A A. Company in December. 1886,
bought siibstantially.all the pref. and common htocks of rbe Marquette
Houghton A Ont<m. RR. Co . operating 160 miles of railroad, and on
Feb. 15, 1887, the railroad and property of the M. H. A O Co. was leased
in perpetuity to the D. 3. 8. A A. R’wayCo.
The securities on the
new road are $4,000,000 of
first mort., five per cent, fifty-year gold
bends, to be issued at the, rate of $12,000 per mile (see abstract of
mortgage, V. 45. p. 274y; $12,000,000 of com. stock and $10,0u0,000
ot pref. 6 p. c. non-cum. stock.
James McMillan. Detroit, President; C. S. Brice, New York, VicePresident.— (V. 44. p. 275,713,751; V. 45. p. 142, 274, 600, 856; V. 46,
p.
74.)
Dunkirk Allegheny Valley Sc Pittsburg. -Owns from Dun¬
kirk, N. Y., to Oil City, Pa., 107 miles. A consolidation of the Dunkiik
Warren A Pittsburg and Warren A Venango in 1872.
Is leased for 400
years to N. Y. Central A Hudson River Co., but accounts are kept sep¬
arate.
Rental, 7
per
cent on $1,600,000 D. W. A P. bonds, $ ,300,000
Januaky, 1888.]
RAILROAD
STOCKS
AND
BONDS
49
INVESTOR’
SUPLEMNT.
Lvol.
xlvij
RAILROAD
January, 1888.
Subscribers will confer
a
Miles
headings, &c.,see notes
of tables.
East Tenn. Va.dk Qa.—(Cont.)—Ala. Cent.,1st, gd.,cp.
Knoxville & Ohio, 1st mort., gold
East <t West Ala. -1st cons. M., gold ($15,000 p. m.).
Eastern (Mass.)— Stock
Preferred stock, 6 per cent
Essex RR.lst mort. (extended for 5 years in ’86).
Certs, of indebt.$.& £ (.£398,400 at $4*87)
c
Debenture bonds'(for $900,000), for refund
Eastern (N.H.)—St’k,44 p.c.ren’ltill 1938. E.Mas*.
Eel River—Stock, 2 (to 3 p. c.), guar, by Wab. West.
Elizabeth. Lex.dkBig Saudi/— 1st mortg., gold
Elmira Cortland <£• Northern—1st pref. M., gold.eA
1st mort., gold
Elmira dk Lake Ontario—Stock.
Bodus Bav & Southern 1st mortgage, gold
Elmira dk Williamsport—HVk, com.. 5 p c. reu’l, N. C.
Preferred stock, 7 p. c. rental, 999 yrs.. No. Cent.
1st
mortgage bonds
2d mort.. convertible
95
66
112
285
....
....
16
94
110
120
120
99
31
Consol, mort. free of State tax (for $4,500,000)...
Eureka Springs—1st M., gold
c*
EuropeandkNo. Arner.—Stock, 5 p. c. rental, ftt. C...
Evansville dk Indianapolis—1st mort., E. & I. gold.*
Terre Haute & Southeastern—1st mort
Ev. & Ind. Cons. M. (for $2,500,000) gold,
guar.c*
Evansville dk T. Haute—Stock
1st consol, mort., gold
c*
1st mort., Mt Vernon Branch, gold
Evansville Terre H. <&. Chic— 1st M., gold,iut. guar..
gold
1879
1985
1886
...
1896
1851
1876
1887
1872
1884
1884
1984
77
....
100
100
....
114
54
40
135
146
144
25
55
55
$1,000
$1,000,000
1860
1863
....
1865
1870
1868
1883
100
100
100 &c.
500 &c.
....
100
100
1,000
50
500,000
1,000
1,000
1,000
685,000
2,485,000
500,000
2,500,000
699,000
260,000
1,001,000
3,000,000
2,900,000
375,000
775,000
1,000
325,000
1,000
....
100
1,000
1879
1886
1,000
m
.
50
1,000
ville, 10 m.; total, 1,015 m. ; operates Lauderdale to Merid an, 13 m.;
total owned and operated June 30. 1887. 1,033 m. Controls the Knox¬
ville & Ohio road, 66 miles, the lines of the Memphis & Charleston RR.,
from Chattanooga to Memphis, Tenn.. 310 m., and the Florence and
Somerville branches, 20 m.. in all 396 m., making a total of 1,429 miles.
This company, the E. T. Va. &Ga. Railway Co., was formed in 1886 as
successor of the E. T. Va. & Ga. Railroad, which was sold in foreclosure
May 25, 1886. The first preferred stock is entitled to a non-cumularive
dividend of 5 percent, and has “the right for five 3rears (till 1891) to
elect a majority of the Board of Directors of said compan3% unless be
fore that time the said company should payout of its net earni
ngs 5
per cent dividends on such preferred stock for two full successive years ”
Dividend of 4 per cent paid on 1st pref. stock in 1887.
In January, 1887, a sale was made of $6,500,000 or the first
pref.
stock to the Richmond & West Point Terminal Company thus giviig
them control of the road for five years unless divi tends of 5 per cent
are paid on pref. stock for two years.
(See V. 44, p. 119.)
The trustee under the consolidated mortgage of 1386 and the 1st ex¬
tension mortgage of 1887 is the Central Trust Company of New York.
$7,325,000 consolidated bonds were reserved to retire prior bonds of
the Alabama Central RR. and the E. Tenn. Va. & Ga. RR.
From July 1 to Nov. 30 in 1887 (5 mos.), gross earnings (not includ¬
ing Knoxville & Ohio) were $2,228,285, against $1,810,267 in 1886;
net, $840,556, against $811,578.
Range of prices of new stock has been as follows: Common, in 1886,
ll'SlS^s; in 1887, 94®17; in 1888, to Jan. 20, inclusive, 10®1078
1st pref., in 1886, 67®8358; in 1887, 52 <#824; in 1888, to Jan.
20, in
elusive, 604®624; 2d pref., in 1886, 24®354; in 1887, 18®32; in
1888, to Jan. 20, inclusive, 214® 23.
From July 1 to Sept. 30 in 1887 (3 mos.), gross earn’gs of Knox. & O.
were $120,686, against $86,967 iti 1886; net, $24,658,
against $19,233.
The fiscal year ends June 30. The annual report for 1886-87 was
Enblished
the Chronicle,
V. 45. p. 671
and 674. The results do not
lclude thein
operations
of the Knoxville
& Ohio.
INCOME ACCOUNT.
1835-86.
1886-87.
$4,368,180
$i,354,489
$833,343
440,000
$1,273,3*3
$81,146
The Knoxville & Ohio gross earnings in 1886-7 were $408,517 and
net $152,719.—(V. 44, p. 90, 119, 149. 184, 211, 343, 494, 621, 75L ;
V.
45, p. 53, 271. 272, 304, 400, 564, 613, 671, 671. 743.)
Balance
East
5
Sc
West RR. Co. of Alabama.—Road
sur.
will extend from
Gainesville, Ga., to Birmingham. Ala., and branches, 207 miles, of which
completed to June, 1887, ll2 miles; an extension of 93 miles is also con¬
templated. In August, 1887, the road was completed from Cartersville,
Ga., to Pell City, Ala., 128 miles. The above bonds were issued in 1887
to take up $800,000 of prior tirst mortgage bonds and
$590,000 of de¬
bentures outstanding. Stock (authorized). $2,000,000, issued at the rate
of $10,000 per mile of completed road.
From Dee. 1, 1886, to May 30,
1887 (6 months), gross earnings were $73,500: net earnings, $39“000;
surplus over interest, $6,000. (V. 44, p. 621; V. 45, p. 211, 240, 573.)
Eastern (mass.)—Owns from Boston, Mass., to Now Hampshire
State Line, 41 miles; branches—Salem to
Marblehead, 4 miles; Bever
ley to Gloucester, 17 miles; Salisbury to Amesbury, 4 miles; Revere
to East Boston, 34 miles; Peabody to Wakefield, 8
miles; Salem
to Lawrence, 20miles; others, 22 miles; leased—Eastern RR. of N.
II., 16
miles; Newburyport City RR., 3 miles; Portland Saco & Portsmouth, 51
miles; Portsmouth & Dover, 11 miles; Portsm. Gt. Falls & Conway, 73
miles; Wolfeboro Railroad, 12 miles; total operated, 285 miles.
A
lease to
Boston
&
Maine
was
negotiated on new terms
from Oct. 1,1883, on the basis of combining the total
earnings,paying
all charges, and dividing the surplus income as follows : 1. To B. &
M.,
$630,000 (9 per cent on its stock); to Eastern, $100,000 for sinking
fund; to B. & M., $70,000; to Eastern, $336,000; balance to bo spent
by lessee on both properties pro-rata. A consolidation is proposed.
1,000,000
570,000
1,998,400
91,800
500
50.
lOO&c.
and interest on the bonds.
Austin Corbin. President, Philadelphia.
East Tennessee Virginia Sc Georgia Rai\way,—( See
Map .) —
Owns: Bristol to Chattanooga, Tenn., 242 miles; Morristown toUnaka, 44
m.; Cleveland to Selma, 264 m.; Selma to Lauderdale. 95 m.: Ooltewah
to Cohutta, 11 m.; Rome, Ga.. to Macon. 159 m. (18 miles jointly with
Georgia Pacific); Macon to Brunswick. 190 m.; Cochran to Hawkins-
$3,778,291
$1,260,744
500,000
1,000
year ending Sept. 30. 1887, gross earnings were $217,567; deficit under
operating expenses, $7,590. In 1885-86 gross, $227,494; deficit under
operating expenses, $8,847.
East Broad Top (Pa.)—Owns from Mount Union, Pa., to Roberts
dale, Pa., 30 miles. A coal roa 1. opened in 1874. The stock is $315,602,
In 1884-85 gross earnings were 889,070;
net, $16,003. In 1885-86,
gross, $96,066; net, $>,22 i.
East Pennsylvania.—Owns from Reading, Pa., to Allentown.
Peg.
36 miles. It is leased for 999 years from
May 1, 1869, to the Philad
phia & Reading RR., at a rental of 6 per cent per annum on the stock
.
500,000
50
bonds, and 3 per cent on $650,000 stock. Capital, $1,300,00a.
There is usually au annual deficit below the interest charge, but the N.
Y. Central & Hudson River Co. hold $2,920,000 of the securities.
In
Total gross earnings
Net earnings
Disbursements—
Interest on debt
Divideud on 1st pref. stock
Other payments
Total disbursem’ts
I,187
1,250,000
1,500,000
W. & V.
Receipts-
194.400
9 879,814
Nil.
100
1884
....
2,000,000
1,709,000
4,997,600
3,149,844
492,500
2,792,800
3.282,000
750,000
1,000
1,000
1,000
....
1881
1883
1870
1872
Amount
1,000
1,000
....
....
100
Outstanding
....
RONDS.
51
or any error
discovered In these Tables.
INTEREST OK DIVIDENDS.
Size or
Par
Value.
....
77
814
Equipment bonds
Date
of
of
Road. Bonds
77
Income bonds, 999 years to run
Erie dk Fitts.— Stock. 7 p. c. ren’l, 999 yrs., Penn. Co.
2d mortgage,
AN l)
great favor by giving immediate notice
DESCRIPTION.
For explanation of column
on first page
STOCKS
Rate per
Cent
When
Payable
'Where Payable, and by
Whom.
pal, When Due.
Stocks—Last
Dividend.
6
6 g.
6 g.
J. & J. N. Y., Central Trust Co.
July 1. 1918
J. & J.
do
do
July 1, 1925
J. <fc D. N.Y.. Am. Loan & Trust Dec. 1.
1926
44
Boston.
Dec. 15, 1887
3
M. & S.
do
Sept. 1, 1887
M. & S.
44
do
Sept. 15,1891
6 g. M. & 8.
Boston and London.
Sept., 1906
M. & S.
44
Boston. Office.
Sept. 1, 1906
J.
&
D.
24
Boston, by Treasurer. Dee. 15, 1887
2
A. & O. Boston, by Treasurer.
Oct. 1, 1887
6 g. M. <fc S. N. Y., Mills Building.
Mar. 1, 1902
6 g. A. & O. 115 B’way, New York.
April 1, 1914
4 to 5 g. J. & J.
do
do
April 1, 1914
Baltimore, N. Cent. RR.
5 g. J. & J
N. Y. Pa. RR. Agency.
July
M. & N. Phila., Penn. R. R. Co.
24
Nov. 1, 1887
J.
&
J.
do
34
do
Jan. 1, 1888
6
J. & J.
do
do
Jan. 1, 1910
5
A. & O.
do
do
Oct. 1. 2862
14
Q.-M. N. Y., Union Trust Co.
Dec., 1887
7
A. & O.
do
do
Mar. 1. 1890
7
A. & O.
do
do
Oct. 1, 1900
7
J. <fe J.
do
do
1, 1898
July
6 g. F. & A. N. Y., MercantileTr. Co.
Feb. 1, 1933
A. A O.
24
Bangor, Treas. Office.
Oct, 15, 1887
6 g. J. & J. N.Y.. Farm. L. & Tr. Co.
July 1, 1924
7
M. & S.
do
do
Sept. I, 1909
6 g. J. & J.
do
do
Jan. 1, 1926
14
Q.-J. N.Y., Farm. L. & Tr. Co. Jan. 17. 1888
6 g. J.
do
J
do
July 1, 192i
6 g. A. & O.
do
do
April 1, 1923
M.
&
N.
g*
N.Y.,Farm. L’an & T.Co May 1, 190o
6 g. J. & J.
do
do
Jan. 1. 1902
■
l,’*i924
Mortgage notes outstanding
are $684,300, secured by real estate.
1886, the company issued preferred 6 per cent stock in ex¬
change for $3,150,000 of certificates of indebtedness, at par, thus
reducing tlios3 certificates to $10,000,000. In Dec., 1887, paid a divi¬
dend of 44 per cent on common stock, leaviDg a
surplus of $75,382.
The .annual report for the year ending Sept. 30, 1887,
gives the
following result of operation with Boston & Maine. Surplus income
divided, in accordance with the terms of the lease, as follows:
To Bos. & M. To Eastern.
Boston *fc Maine Railroad (9 p. c.)
$630,009
$
Eastern Railroad, sinking fund
100,000
Boston & Maine Railroad (1 p. c.)
70,000
Eastern Railroad, balance
336.000
Total
$700,000
$1^6,000
-(V. 43. p. 579, 634, 671; V. 44, p. 149, 184, 275; V.
45, p. 13, 705,
743, 820, 856.)
Eastern (N. H.)—Owns from Portsmouth, N. II., to Seahrook
(Massachusetts State Line), 16 miles. It was formerly leased for 99
years to the Eastern (Mass.) Railroad, and a new lease was made from
Oet. 1, 1878, for 60 years and two months at $22,500
per year, equal to
44 per cent per annum. Moody Currier, President, Manchester, N. H.
(V. 45, p. 612,)
Eel River.—Owns from Logansport., Ind., to Butler,
Iud., 94
miles. This was formerly the Detroit Eel River & Illinois
Railroad,
sold under foreclosure July 6, 1877. A lease of the ro id
from April
I. 1887, was made to Wabash Western on the basis of 2
per cent
yearly on the stock till April, 1893, then 24 till 1895 and 3 p. c. there¬
after—this to be paid on $3,000,0„0 stock.
In
—
Elizabethtown Lexington Sc Big Sandy,-(See Map of New¬
port News d Mississippi Valley.)— Road owned Lexington to Junc¬
tion, near Denton, 102 miles;*A. C. «ft I. Junction to Big Sandy
River,
7 miles; total owned 110 miles.
Leased Junction with A. C. & I. Co.,
near Denton to A.C. &I. Juno., 21 miles
West Side Bis: Sandy River to
Huntington, 9 miles; total operated, 139 miles. In November, 1887,
the road between Maysville and Ashland was taken in
by consolidation.
From Feb. 1, 1886, this road was leased for 250
years tj the Newport
News & Miss. Valley C >. on the basis of paying the annual net
surplus,
if any, to this company.
Authorized capital is $5,000,000. Amount
issued $3,509,695. From Jan. 1, 1887 to Nov. 31 (11
months), gross
earnings were $1,015,752, against $856,662 in 1896; net, $378,553,
against $296,772. For year *886 gross earnings were $937,529; net,
$333,616; rentals and taxes, $48,266; interest, $196,920; surplus, $24,970.
(V. 44, p. 90, 343, 344; V. 45, p. 642.)
Elmira Cortland Sc Northern.—Elmira. N. Y., to
Canastota, N.
Y., 120 miles, of which Elmira to Horseheads, 5 miles, and Cortland to
Do Ruyter, 20 miles, are leased for 499
years.
Organized May
as successor of the Utioa Ithaca & Elmira RR. Co., foreclosed
April 30, 1878. Again sold in foreclosure Feb., 1884, and re-organized
as at present.
The 1st mort. for $1,250,000 bears 3 p. ct. for 3 years, 4
p. ct. for 2 years, then 5 p, ct. Stock is $2,000,000. Gr >ss earnings in
1885-96, $)6),26 v, net iuco uo, $39,931; interest, taxes, &°., $66,812;
def., $36,882. Austin Corbin. President, New York Citv.
Elmira & Lake Ontario. - Owns from Canandaigua, N. Y„ to
Watkins, N. Y., 47 miles; to Chemung Junction, 174 miles; Sodas
Point to Stauley, 34 miles—total, 98 miles. Tais company was a con
solidation in December, 1886, of the Elmira Jefferson &
Cananiaigua,
the Sodas Bay & Southern and the Chemung Railroads, with st>ck and
bonis as above. Ic fs leased at cost of operating to the Northern Cen¬
tral, which controls the stock.
Elmira
Sc
iVlIliamsport.—Owns
rroiu
Williamsport, Pa.,
to
Elmira, N. Y., 77 miles. This company was reorganized under the
present name Feb. 29, I860, and leased to the Northern Central Rail¬
way for 999 years from May 1, 1863, at a rental of $151,500 per annum
after Jan. 1, 1880. The dividends on the common stock are 5
per cent
and on the preferred 7 per cent.
Gross earnings in 1884-5, $744,685 ;
net, $273,730; surplus to lessee, $05,372. Gross earnings in 1885-6, —
$765,559; net $226,008; surplus to lessee, $17,819.
Erie Sc
Pittsburg.—owns from New Castle, Pa., to Girard, Pa.,
miles; branch. Dock Junction to Erie Docks, 3 miles; leased—
Girard to Erie, 15 miles; total operated, 100 miles. Road
opened in 1865It was leased to the Pennsylvania RR. for 999 years from March
1,
1870, at a rental of 7 per cent on stock and interest on the bonds,
and the lease was transferred to the Pennsylvania Co. The lease has
been quite unprofitable to the lessees; the deficiency paid bv them in
1891 was $233,522; in 1882, $207,651: in 1883. $230,071; in 1884,
$307,841; in 1885, $354,633 ; and in 1886, $225,794.
Eureka Springs.—Road extents from Seligman, Mo., to Eureka
Springs, Ark., 18 4 miles; projected to II irrison, Ark.. 50 miles beyond.
The capital stock is $ >00.000. There are also $500,000 non-cutnula82
tive 6 per cent income bonds. There is a traffic contract with St. Louis
«fe San Francisco, by which 15 per cent of freight
earnings and 10 per
cent of passenger earnings on business over that road are
paid to this
R. C. Kerens, President, St. Louis, Mo. (V. 45, p. 373.)
European Sc North American. — Owns from Bangor, Me.,
to Vance boro (State Line), Me., 114 miles.
On Aug. 31, 1892, a lease
was made to the Maine Central for 99
years, for $125,000 per annum,
equal to 5 per cent per annum on the stock, and assuming the bouded
company.
debt of
$1,000,000, which is given under Maine
Central.
c*
INVESTOR’
SUPLEMNT.
[Vou
XLVI.
KAILKOAD STOCKS AND BONDS
January, 1888.]
Subscribers will confer
a
great flavor by giving Immediate notice of any error discovered In tbese Tables.
DESCRIPTION.
Miles
For explanation of column headings, &c., see notes
on
first page
of tables.
Fitchburg—Common stock
Preferred 4 per cent stock
Bonds to State of Mass. (3 p. ct. int. till 1892.)...
Bonds, coupons
Boston Barre & Gardner, 1st mortgage
do
2d mortgage
do
3d mortg. (convertible into stock)
Bost. Hoosac Tunnel & West, debentures
Flint dt i'ere Marquette—Preferred stock
Reorganization mortgage, gold ($5,000,000)
Flint & Holly
RR
Holly Wayne <fe Mon., 1st mort., sink, fund,
guar.
Florida Railway dt War.—F. C. <fe W., 1st mort..
Florida Transit—1 st mortgage
Peninsular of Florida—1st mortgage
Fla.Ry.tfe Nav., consol, mort. gold
gold
Femandina & Jacksonville
Florida Southern--1st mortgage, ($12,000 per mile)
Char. IIar.Div.,1 st,g..pay’leat 110, $10,000p.m.c*
Fonda Johnstown dt Gloversville—1st mortgage
Consol, mortgage
fort Madison dt Northwestern— 1st mort., gold
Fort Wayne <t Jackson—Pref. stock, (8 per cent)
Common stock
Fori Wayne (Jincinnati dt Louisville—Stock
Fort Wort/, ,r-. Dcnv. Oity—1st M., g., $18,00 1 p. m.c*
Frederic: J Pennsylvania Line—1st mortgage
Galveston Harrisb.dt S. Antonio—1st mort, gold, 1. gr.
2d mortgage
Western Division, 1st mortgage, gold
2d mortgage
do
do
Galveston Houston dt llend. 0/1882—1st mort.,guar
Date
of
of
Road. Bonds
or
Par
Value.
370
....
38*4
....
....
....
361
302
17
65
234
155
50
530
24
180
81
10
26
45
97
97
1887
’74-’87
1873
1.000
100 &c.
1875
1875
1883
....
....
1,000
....
1880
1868
1871
18S2.
1881
1876
1884
1883
1883
1885
1870
1880
1880
*
*
*
....
1,000
500 &e.
1,000
1,000
1,000
1,000
1,000
1,000
100
100
100
100
&c.
Ac.
&c.
&c.
500<fec.
1,000
500 &c.
1,000
1,000
2,000,000
1,000
were pa
Net earnings
Rents and other income
Total income
Disbursements—
Rentals paid
Interest on debt
Other interest
Dividends
Rate of dividend
Total disbursem’ts
And
35 of 2 per cent
4,373,439
890,785
195,882
839,877
1,086,667
252,581
220,688
256,480
260,763
266,011
423,228
247,500
(5)
264,331
(5)
366,488
(*4)
720,769
sur.23,520
Balance
*
3,295,289
735,624
104,253
on
d
on
Boston, Office.
M.
J.
A.
M.
J.
J.
M.
J.
&
&
&
&
&
&
&
&
S.
J.
O.
N.
J.
J.
S.
J.
Q.-J.
do
do
do
do
April 1.
July 1,
July 1,
N. Y., Kountze Bros.
Sept. 1,
N. Y., Mer. Ex. Nat. Bk. Jan. 14,
do
do
Oct. 1,
N.Y., Merch. Nat. Bank. May 1,
do
do
Jan. 1,
Last paid, Jan., 1885.
April 1,
Last paid. March, 1885. Mar. 1,
Last paid. Jan., 1835.
May 24,
Last paid, July, 1885.
July 1,
Last paid, Jan., 1885.
July 1,
Boston, Office.
July 1,
•
do
do
2%
&
<fc
&
&
&
A. &
M. &
J.
J.
0.
do
J. N. Y., St. Nich. Nat. B’k.
O.
do
do
O. Last paid April, 1833.
S. N Y..Farmers’L.&Tr.Co
6 g.
6
6 g.
7
5 g.
6
5
J.
A.
F.
J.
M.
J.
A.
D. N. Y., Mercantile Tr. Co.
O. Pennsylvania RR. Co.
A. N. Y., S o. Pac.Co. ,23 B r’d
I).
do
do
N.
do
do
J.
do
do
0.
New York.
J.
J.
A.
J.
A.
tfc
&
A
&
A
&
&
Oct.
1,
July
May
April
Sept.
1,
1,
1,
1,
Dec.
Oct.
Feb.
June
1,
1,
1,
1,
1893
1895
1895
1913
1888
1920
1888
1901
1922
1911
1906
1924
1923
1923
1925
1900
1921
1905
1887
1921
1900
1910
1905
May 1, 1931
July 1, 1931
April 1, 1913
preferred stock.
Gross earnings
Net earnings
Disbursements—
Interest on debt
Dividends
Miscellaneous
1384.
1885.
1886.
2,542,943
807,426
^
2,252,988
737,527
^
1,946,790
598,950
^
2,160,771
649,669
318,623
455,000
337,223
455,000
329,499
*322,910
260,000
325,000
4,226
Total disbursein’ts.
773,623
792,223
593,725
647,910*
Balance fortlieyear. sur. 33.803 def. 54,696
sur. 5,225
sur. 1,759
-(V. 44, p. 117, 434, 526, 550; V. 45, p. 613, 696, 727, 856.)
Florida Railway Sc
Navigation.—Miles owned in 1886,
Jacksonville to Chattahoochee, 209 miles, and branches from Talia*
hassee to St. Marks, 21 miles; and from Drifton to Monticello, 4
m.;
Fernandiua south, 179 miles; Waldo to Cedar Keys, 72 miles; Wild¬
wood to Leesburg, 23 miles;
Hart’s road to Jacksonville, 25 m.;
total, 532 miles. In June, 1887, opened the extension to Plant
City,
making a short route from Jacksonville.
In March, 1834. the Florida
Central & Western, Florida Transit & Pouinsular, Fernandina & Jack¬
sonville and the Leesburg & Indian River railroads were consolidated
under this name.
In Oct., 1885, a receiver (Mr. H. R. Duval) was ap¬
pointed for the whole property, and in November, 1887, sale was to be
made, but was postponed to Feb., 1888.
In fiscal year ending Oct. 31,
’87, gross earns, were 1,066,618; net, $203,423. B. S. Henning, Pres’t,
N. Y. City.
(V. 44, p. 494.. 808; V. 45, p. 642. 705; V. 46, p. 75.)
Florida Southern (Narrow-gauge).—Owns from Palatka, Fla., to
m.; Rochelle to Leesburg to Brookville, 106 in.; Bartow
to Charlotte Harbor, 81 in.: Leesburg to Astor, 50 in.; other
Branches,
23 in ; total owned, 310 miles.
Capital stock, $10,000 per mile. There
are also $285,000 bonds of the St. John & Lake Eustis RR., 50 in.,
guar¬
anteed by this Co. Company has a State land grant of 13,840 acres
per
mile. The proceeds of land sales go to purchase Charlotte Harbor Div.
bonds at 110. J. W. Candler, Pres., Boston.
Fonda Johnstown Sc Gloversville.—Owns from Fonda to
Nortliville, 26 miles.
The stock is $300,000. Gross earnings In
1885-86, $163,664; net, $76,325; surplus over all charges and 10 per
cent dividend, $13,316.
Gross earnings in 1886-87, $186,689; net,
$94,944; surplus over charges and 10 per cent dividend, $26,772. W.
Gainesville, 50
J.
Heacock, President, Gloversville, N. Y.
Fort Madison & Northwestern.—Narrow gauge
road from Fort
Madison, la., to Collett, la., about 45 miles. Stock, $425,600. Default
on bonds was made October, 1834, and on June
30, 1885, a receiver took
possession, and it was proposed to issue new bonds and make a reorgan¬
ization, but nothing was done and an order of sale in foreclosure is
expected soon from the U. S. District Court. C. A. Gilchrist, Receiver,
Fort Madison, Iowa.
Fort Wayne Sc Jackson.-Owng from Jackson, Mich., to Fort
Wayne, Ind, 97 miles. The former Fort Wayne Jackson & Saginaw made
default
on its bonds and was sold in foreclosure Dec. 3, 1879.
On Sept.
1,1882, leased perpetually to Lake Shore & Mich. Southern at a rental of
$126,027, equal to 5*2 per cent on the pref. stock, and after 1887 any
net earnings over 8 per cent on pref. stock to be paid as dividend on
common stock, but not exceeding 2 per cent a year.
Fort Worth Sc Denver
City.—(See Map)—ln operation from Fort
Worth, Tex., to Clarendon, 276 miles; whole road to Texas State line,
457 miles, completed early in 1888.
Stock, $20,000 per mile,
$6,400,000; par value of shares, $100.
Total stock authorized,
$30,000,000. Bonds were authorized at $25,000 per m. for the 200
miles to near Quanah, but beyond that point to be issued at $16,000 p. m.,
malting the whole road average $18,000 per mile. They were actually
issued at the first rate only to Harrold, 144 miles ; beyond at $16,000
per mile.
See abstract of mortgage, V. 45, p. 440 (Trustee, Mercantile
Trust Co. of N. Y.) The road at the State line forms a junction,with the
Denver Texas & Fort Worth, aud thereby constitutes a through line from
781,574
1,055,727
sur.58,303 surp.30,940
10,000 shares.
-(V. 44, p. 59,119,148,421, 434,494, 544,681; V. 45, p. 178, 239,400,
Denver via Fort Worth to Galveston and New Orleans. The construction
Co. pays interest on the bonds till each piece of road is turned over to
the Co. for operation ; hence the earnings on road operated have ex¬
705, 885.)
Various
A. & O.
J. & J.
J. & J.
Nov. 15, 1887
Feb. 1, 1937
1894 to 1907
^
$
Flint Sc Pere Marquette.—Owns from Monroe, Mich., to Ludington, Mich., 253 miles; branches—Bay City to East Saginaw, 12
miles; Flint Junction to Otter Lake, 20 miles; South Saginaw branch,
5 miles; Harrison branch, 30 miles; Manistee branch, 26 miles;
Saginaw & Mount Pleasant Railroad, 15 miles; total operated,
362 miles.
The road was sold August 18, 1880, under the consol¬
idated mortgage, and reorganization was made. The common stock of
$3,500,000 has no present right to vote or to receive dividends, and
will be issued only after the preferred stockholders have received 7
per cent yearly dividends for five consecutive years. The preferred
stock is not cumulative, and after 7 per cent per annum is paid on both
classes of stock, the balance of income, if any, is to be divided ratably.
In 1886 the common 'stockholders took steps looking to the relief of
Boston, Office.
1883.
INCOME ACCOUNT.
...
6
7
6 g.
6
6
6 g7
6
7 g.
M. A N.
F. & A.
INCOME ACCOUNT.
Fitchburg.— Owns from Boston, Mass., to Fitchburg, Mass.. 50
miles; from Greenfield to Troy, N. Y., 87 miles; Johnsonville, N. Y., to
Rotterdam Junction, 36 miles; and B. Barre & Gard. RR., Worcester
to Winchendon, 36 miles; branches—Charlestown, 1 mile; North Cam¬
bridge to Waltham, 9 miles; South Acton to Marlborough, 12 miles;
Peterborough <fe Shirley, Ayer, Mass., to Greenville, 24 mires; Saratoga
and Schuylerville, 26 miles; Ashburuham branch, 3 miles; total owned,
281 miles; leases and operates—Vermont.& Mass. RR., Fitchburg to
Greenfield, 56 miles; Turners Falls Branch, 3 m.; Bennington, 5 in.; total
leased, 64 in.; total owned and operated, Sept. 30, 1887, 315 m.
The present company was formed by consolidation in 1887 of the
Fitchburg RR., Troy & Greenfield RR. and the Hoosac Tunnel, the latter
urchased from the State of Massachusetts (See V. 44, p. 59.)
he purchase of the Troy & Boston railroad was also made on
the terms mentioned
in V.
44, p. 544.
The Hoosac Tunnel
Dock & Elevator Co. was also taken in for $1,512,500 of the Fitchburg
stock, and the Boston Hoosac Tunnel & Western road was purchased
for $3,600,000 preferred) stock and $2,000,000 common stock, subject
to debenture bonds amounting to $1,400,000. There is also outstanding
a 4 p. ct. mortg. note of the H. T. D. & E. Co. for $500,000 due 1892.
The fiscal year ends Sept. 30. The annual report was in V. 45, p. 885,
and gave an account of the transactions of the year.
1886-87.
g.
Dividend.
On Jan. 1, 1887, the land notes (principal and interest) on hand for
lands sold were $285,582, and lands yet unsold 89,044 acres.
The
total amount of cash collected in 1886 was $173,818. Annual report for
1886, in V. 44, p. 550. Earnings and operations for four years past were:
dent, Terre Haute. Ind.
1885-86.
$
3
*
Whom.
their stock from its onerous limitations, owing to the
payment of divi¬
dends on the preferred stock at 7 per cent for a few years and then
at a reduced rate.
In 1*87 dividends to the amount of 6*s per cent
Pittsburg branch, 10 miles; total operated, 156 miles. The Rockville
Extension, 23 miles additional, is leased to the Terre Haute & Logansport for 99 years from Nov. 1, 1879. Formerly the Evansville & Crawfordsville RR. Co. The 20 per cent stock dividend of 1884 was the dis¬
tribution of $500,000 which had been held for some time in the treasury.
The bonds falling due in Nov., 1887, were paid off or exchanged for con.
solidatod bonds at 116. Animal report for 1886-7 in V. 45, p. 537.
Gross earnings year ending Aug. 31, 1887. $831,771; net. $403,190.*
surplus over all interest and dividends, $6,5*3.
In 1835-6, gross’
$764,157; net, $388,977. (V. 43, p. 458, 486; V. 45, p. 26, 537, 538.j
Evansville Terre Haute Sc Chicago.—Owns from Terre Haute
Junction, Ind., to Danville, III., 49 miles; leased, 6 miles; total operated,
55 miles, It uses 6 miles of the track of the Rockville Extension into
Terre Haute; also, leases the Indiana Block Coal road, 15 miles. On
April, 30, 1880, a lease to the Chicago & Eastern Illinois was made for
999 years; terms, $75,000 per annum and the assumption by the C. & E.
I. of all rentals and taxes paid by E. T. H. & C.
The bonded interest
was reduced to 6 per cent and preferred stock for $100,000 issued for
overdue coupons; common stock, $600,000.
Josephus Collett, Presi¬
$
2,820,119
673,159
71,130
6 g.
10
250,000
4,756,000
1,000,000
13,418,000
6,354,000
1,000
1,000
1833
3*3
200,000
320,000
2,287,832
431,747
4,000,000
8,154,000
*
1881
1870
’71-’80
1880
1881
1881
6,500,000
3,999,000
300,000
1,000,000
2,808,000
1,000,000
250,000
4,042,000
380,000
2,121,000
801,500
300,000
128
453
28
256
226
671
671
50
Rate per When Where
Cent.
Payable
$7,000,000
*2*
13,794,600
3 to 4
5,000.000
7,350,000 4,4*35 67
5 & 7
391,000
3
186,300
6
57,300
5
1,400,000
....
to Brazil, 12 in.; total, 150 miles. In Oct., 1887, leased the branch
Brazil to Saline City, 12 miles. This Co. was a consolidation in Oct.,’85,
of three corporations, viz.: the Evansville & Indianapolis, the Evansville
Wash, tte Brazil and the Terre Haute & Southeastern railroads. Of the
consolidated mort. bonds, $1,260,000 are reserved to meet prior liens.
The consolidated bonds are guaranteed by the Evansville & Terre
Haute Co. Capital stock, $2,000,000.
From Jan, 1 to Aug. 31 in 1887
(8 mos.) gross earnings were $153,697, against $121,306 in 1886; net,
$64,114, against $64,843. (V. 45, p. 26, 500.)
Evansville & Terre Haute.—Owns from Evansville, Ind., to
Terre Haute, Ind., 109 miles; Ft. Branch to Mt. Vernon, 37 miles; New
1884-85.
Outstanding
....
m.;
Receipts—
Gross earnings
Amount
$100
....
....
Bonds—Princi¬
pal,When Due,
Payable, and by Stocks—Last
INTEREST OR DIVIDENDS.
Size,
Evansville Sc Indianapolis.—Owns from Evansville, -Ind., to
Terre Haute, lud. (via Worthington), 135 miles; branch to Lancaster, 3
Net
53
ceeded considerably the interest charge (see annual report for 1886-87
in V. 45, p. 819, 823.) In 1886-7 gross earnings, $669,755; net, $290,353; surplus over interest, taxes, <fco., $49,167. From Nov. 1,1886, to
Nov. 30, 1887 (1 month), gross earnings were $73,167, against $52,476
in 1885-6; net, $30,282, against $30,269.
Range of stock prices slnoo
1884 have been as follows: In 1885, 14J25; in 1836, 15^25*9; in
1887, 2l^®62hj; in 1888 to Jan. 20, inclusive, 40*8d463s. Morgan
Jones, Pres., Fort Worth.—(Y. 44, o. 60, 90, 184, 211, 308, 392, 400,
434, 499, 526, 551, 681, 803 V *45: p. 25. 85, 142, 166, 272, 342, 437,
440, 575, 642,768, 792, 819, 820,823; V. 46, p. 75.)
Frederick Sc
i
Pennsylvim|a I<ine.—Owns from Kingsdale to
Frederick City, Md., 28 miles.
Iris leased to Pennsylvania RR., which
INVESTOR'
SUPLEMNT.
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56
INVESTORS’
Subscribers will confer
a
first page of tables.
Georgia Company.
Georgia Midland d Gulf— 1st M. g,($15,000p. m.).c* 1
Georgia Pacific— 1st mort., $10,000 per mile
2d mort., income, cumulative ($15,000p. m.)
Georgia Railroad d Banking Co.—Stock
Bonds, not mortgage
Bonds, not mortgage ($300,000 mature in 1922)..
Bonds, not mortgage
Grand Rapids d Indiana—Stock
1st mort., land.grant, gold (guar, by Pa. RR)
1st mort., gold, ($675,000 are land grant)
Six per cent mortgage
!
!
Miles
Date
of
of! Road. Bonds
35
98
357
315
307
.
.
•
.
....
....
599
367
367
367
Consol, mortgage for $13,000,000, coup, and reg.
367
Mort gage
42
(gjmid) on Muskegon Division
Green Bay Wi
Hnona d St. Paul—1st mort. coup
219
Funded coupon bonds
2d'mort. income bonds, reg.. non-cumulative
219
Gulf Colorado d Santa Ft—1st M., g. ($12,000 p.m.) 1,018
2a mortgage ($8,000 per mile),
1,018
gold
Gulf d Ship Island— 1st M.. gold, $12,000 p. m...c*
2d mort. for $2,800,000 ($8,000 p. m.), gold
c*
Hannibal d St. Joseph—Common stock
295
Preferred stock (7 p. c. yearly, not cumulative).
292
Consolidated mort. (for $8,000,000)
292
Bonds Quincy A Palm3'ra RR
15
Bonds Kansas City A Cam. RR
53
Hannsb. Portsm'th Ml. Joy d Lane— Stock. 7 %
54
guar.
1st M. (ext’d in '83), iut. guar. Penn. RR
r
54
Harrisburg d Potomac— 1st mortgage, coupon
38
Hartford d Connecticut Western—Stock
108
1st mortgage
104
....
....
1885
1870
1886
1882
1883
Size,
0 g.
6
6
J. A J. N. Y., Central Trust Co.
J. A J. N. Y., Central Trust Co.
A. A O. N. Y.,Metropol’nTr. Co.
7
6
5
T.
J.
J.
A
A
A
J.
1,000
1,470,000
3,567,000
4,727,320
4,200,000
100,000
2.300,000
200,000
4,985,081
3,934,000
1,441,000
2,700,000
3,217,000
750,000
1,600,000
280,830
3,781,000
12,216.000
6,694,000
1,000
1,000
(?)
(?)
A
A
A
A
A
A
A
A
A
A
A
A
1,000
1,000
1,000
100
1,000
1887
1,000
100
....
1886
1881
1886
1881
1879
1885
1887
1887
1,000
1,000
1,000
1.000
1,000
1,000
500
1,000
1,000
100
100
....
....
1881
....
1867
....
1853
1874
....
1883
9,168,700
5,083,024
6.643,000
1,000
M
,.
.
50
500 Ac.
100 Ac.
100
to Sayre,
Pa., 75 miles; branch, Ithaca, N. Y., to Cayuga, N. Y., 33 miles;
Hayt’s Corners branch (leased), 3 miles; total operated, 116 miles;
Organized October 2, 1876, as successor of the Geneva Ithaca &
Athens Railroad (sold in foreclosure; September 2, L876), which had
been formed by consolidation of the Geneva A Ithaca and
Ithaca A
Athens railroads, May 25, 1874. Tu 1880 absorbed the
Cayuga A South.
RR., 37 miles. The com. stock is $1,275,000; pref., $400,000; preferred
stock is 8 per cent, cumulative.
In year ending S«pt. 30, 1887, gross
earnings were $424,451; net, $28,160; deficit under Interest, $60,754.
In 1885-86, gross, $412,128 ;
net, $46,122; interest payments, $81,630;
deficit, $35,507.
Georgia Company.—(Y. 45, p. 792.)
Georgia midland Sc Gulf.—Road built from Columbus, Ga., to
McDonough, 98 miles. Stock, $12,000 per mile. N. Y. office, 7 Nassau St.
Georgia Pacific.—(See Map of Richmond d Danville.)—Atlanta,
Ga., to Columbus, Miss., 291 miles; small branches, 14 miles; Green¬
ville, Miss., to Johnsonville and branch (3ft. gauge), hi miles; total, 357
miles. Branch to Bessemer, Ala., 19
miles, under construction. TheGa.
Pacific has been built by Richmond A Danville Extension
Co., and oper¬
ated in the R. A D. system. The R. A D.
gives a traffic guarantee of 20
per cent on joint business to pay coupons if needed, bur the
coupons
may lie held as a lieu. The capital stock is $8,485,000.
Interest on
income bonds is cumulative, but it is convertible into income
bonds.
Gross earnings year ending Sept. 30. 1886. were
$784,811. and net
over expenses and taxes, $197,673.
In 1886-7. gross. $1,159,655; net
over expenses and taxes,
$396,377; surplus over interest, $184,817.
Sept. 30, 1887, there were also $237,171 non-iut. bearing and $34^,000
6 per cent car trust notes and $246,668 other notes
outstanding. The
annual report was iu V. 45, p. 791.—(V.
43, p. 334, 745 : V. 44, p. 499;
V. 45, p.791.)
Georgia Railroad Sc Banking Co.—Augusta, Ga., to Atlanta,
Ga., 171 miles; branches to Washington and Athens,60 miles; Warrenton, Ga., to Macon, Ga., 76 miles; total owned and operated, 307 miles.
The Western Railway of Alabama is controlled
jointly with the Central
RR. of Georgia, this company
holding one-half the stock of $3,000,000.
The Macon A Augusta RR.. 76 miles, is owned
by this company. The
Port Royal A Augusta RR. is owned oue-tifth
part by this company ;
the Atlanta A West Poiut
thirty-five one hundredths by this
In April, 1881, a lease for 99 years was made to W. M. company.
Wadley and
associates, for the Central of Georgia and the Louisville A Nashville
railroads, at $600,000 per year, payable semi-annually, and dividends
are 21* per cent quarterly. Deficit to these
companies in 1884-85 on the
lease was $98,599; in 1886 87, $110,959. In 1886-87 net income
from
all sources, including hank, was
$670,802, leaving a surplus of $78,343
above ah charges, including 10 per cent dividends. Total
surplus of RR.
Co. March 31, 1887, $1,083,665 ; of Bank,
$217,644.
Grand Rapids Sc Indiana. - (Nee Map of
Pennsylvania RR.)—Owns
from Fort Wa lie Ind.,to Mackinaw
City, 367 miles; Manistee Branch,
22 miles; Missaukee Branch, 8 miles: Osceola
Branch, 7 miles; total
owned, 404 miles; leased and operated: Cm. Richmond A Fort
Wayne
RR.. 86 miles; Traverse City Railroad, 26 miles;
Bay View Little
Traverse A Mackinaw Railroad, 6 miles;
Muskegon Grand Rapids &
Indiana RR., 77 miles—155 miles. Total, 599 miles.
The Grand Rapids A Indiana Railroad is
operated in the interest
of the Pennsylvania Railroad Co., and
$4,000,000 ot the first mortgage
bonds were guaranteed by that company, which
buys the coupons each
year if any remain unpaid by the earnings.
First mortgage bonds re¬
deemed by the sinking fund are
replaced by 5 per cent "bonds issued.
Tbe bonds on the Muskegon Division have a traffic
guarantee applicable
to their
interest payment.
The Co. has a land grant, and sold in 1886
29,169 acres, for $268,200.
The lands unsold on Jan. 1, 1887, were 410,356 acres.
The assets were
$326,412 bills receivable and cask with cashier $32,085.
8
10
3i*
2,600,900 I
610,000
A.
M.
M.
J.
F.
6
6
F.
8
’ M.
7 g. J.
6 g. A.
6 g. J.
6 g. J.
7
5 A 6
700,000 1
507,200 !
|
Stocks— Last
Dividend.
Jan., 1910
July 1, 1890
July i, i926
Jau. 1,
Oct. 1,
Jan. 15,
Jan. 1,
Am.Ex.Bk., N.Y.,AAug
do
do
do
J.
J.
do
do
do
1922
1923
1888
1890
’97,1910,1922
Jan.
1, 1922
m
7 g.
7 g.
6
5
5 g.
„
J.
4
7
.
M.
F.
J.
J.
J.
J.
.
^
.
A S.
A A.
A J.
A J.
A J.
A J.
1*2
5
J. N. Y., Winslow, L. & Co.
O.
do
do
N.
do
do
8.
do
do
J.
do
do
A. N.Y.Farmers’ L.ATr.Co
A.
do
do
N.
None ever paid.
J. N. Y.. Nat .City Bank.
O.
do
do
J.
N. Y., Agency.
J.
do
do
do
do
do
do
Phila., Co.’s Office.
do
do
Phila., Third Nat. Bk.
■
-
J.
A
Oot. 1. 1899
Oct. 1, 1899
Nov. 1, 1899
Sept. 1, 1924
July 1, 1926
Feb.
J.
Hartford.
1, 1911
Aug. 1, 1906
May 1, 1911
July
1, 1909
Oct, 1, 1923
Jan. 1, 1927
Jan. 1, 1927
N. Y., Company’s Office
N.Y., Bk.of No. America.
Dec.
Mar.
Jam
Jan.
Jan.
15;
1887
1,1911
1, 1892
1. 1892
10, 1888
July 1, 1913
Jan. 1, 1904
Dec. 1, 1882
July 1, 1903
From Jan. L to Nov.
lines
30, in 1887 (11 months), the gross earnings of all
$2,715,534, against $2,287,610 in 1886; net, $896,110.
were
against $767,748.
The income accounts for four years were as follows:
INCOME ACCOUNT.
1883.
leased, Harwood to Gonzales, 12 miles; total, 266 miles. Western Ex¬
tension, Han Antonio to Rio Grande River,
connecting with Southern
Pacific, 636 miles; Eagle Pass Branch, 35 miles; total Western Exten¬
sion, 661 miles. Grand total, 936 miles.
The capital stock outstanding on the whole road is
$27,034,372. The
1st mort. covers 256 miles of old road and 1,500,000 acres of 1 md.
It
has a sinking fund of 1 percent, but it is
optional with bondholders to
surrender their bonds, if drawn. There is also
$207,162 Texas school
debt outstanding.
In June, 1881. a large interest in the stock was
bought by Southern Pacific parties. The mortgages on the Mexican
Pacific extension cover 636 miles of road, from Sail Antonio to
El
Paso, and the Eagle Pass branch, 35 miles—671 iu all.
On Feb. 10,1885. this property
was leased for 99 years to the Southern
Pacific Company, the lessee agreeing to pay interest on the debt, and
a further sum equal to 16*4
per cent of the net profits on the whole
Southern Pacific system.
From January 1 to Nov. 30 in 1887 (11 months),
gross earnings were
$3,032,306, against $2,352,793 iu 1886; net, $599,466, against $261,445 in 1886.
Geneva Ithaca Sc Sayre.—Owns from Geneva, N.
>..,
^
1,182,550
1,000
Harrisburg Sc Sail Antonio.—(See Map of Southern
Q.-J.
433,000
1,076,000
.
....
Pacific.)— Owns from Houston. Texas, to San Antonio, Texas, 217 miles
LaGrange Extension, 28 miles; Harrisburg to Pierce Junction, 8 miles ;
Where Payable, and by
Whom.
Payable
J. A J. Phila., Company’s office.
J. A J.
do
do
lOOAc.
Bonrfg—Princi¬
pal,When Due.
When
6
7 g.
1,000
1884
1884
Outstanding
Rate per
Cent.
$750,000
600,000
77A80
1869
1869
Amount
$1,000
....
....
INTEREST OR DIVIDENDS.
or
Par
Value.
pays interest on first mortgage. Preferred stock held by Pennsylvania
KR., $461,000; common stock, $318,100; floating debt, (coupons, Ac.),
$184,645. Gross earnings in 1886, $53,312; net, $1,975. Charles E.
Trail, President, Frederick City, Md.
Galveston
[Vol. XL'VI.
great favor by giving Immediate notice of any error discovered
In these Tables.
DESCRIPTION.
on
SUPPLEMENT.
Gross earnings
Net earnings
Total disbursemts...
$
2,361,605
640,098
533,070
1884.
1885.
$
$
2,116,299
1,946,143
613,720
603,715
567,602
744,413
1886.
$
2,098,127
760,593
746,406
Balance
sur. 107,028
sur. 46.118 def. 140,698
sur. 14,187
—(V. 43. p. 245, 398, 515, 634 ; V. 44, p. 22, 184, 235, 300,
434).
Green Bay Winona Sc St. JPaul.—Owns from Green
Bay. Wis.,
to Marshland, Wis., 209 miles; branches, 10
miles; leased—Plover
to Steven’s Pt., 6 miles; total, 225 miles. This was a
reorganization in
1881 of the Green Bay A Minnesota, which
company made default and
the road was sold March 12, 1881.
Preferred stock is $2,000,000,
and
entitled to 7 per cent wheu earned, and common stock
both stocks $100 shares. On Feb. L, 1885, default was made $8,000,000,
ou the first
mortgage interest, and the trustee1, of the mortgage took
possession, and
iu 1886
bondholders consented to fund the three overdue
coupons and
company resumed payment
of interest on August 1.
For
1886-87 gross earnings were $124,131; net, $113,055
; taxes and inter¬
est, $111,223. In 1885-86, gross, $341,470; net, $64,737. Samuel
Sloan,
President, New York. (V. 43, p. 96, 368.)
Gulf Colorado «fc Santa Fe.—(See
lfap)—Mileage as follows; Gal¬
veston to Gaiuesville, 420 miles;
Alvin to Houston, 24; Somerville to
the
Conroes, 71; Temple to Coleman and Bollinger, 196; Cleburne to
Honey
Grove, 132; total, 833. Road was sold and reorganized
April 15, 1879.
In July, 1885, the old second
mortgage at $13,000 per mile was retired
and canceled and the new second
mortg. at $8,000 per mile was issued.
In April, 1886, the stock of this
eoiupauy was exchanged for the stock
of the Atchison Topeka A Sauta Fe RR. Co., and the two
properties thus
consolidated.
See V. 42, p. 630. An abstract of both
mortgages was
given m V. 45, p. 241.
For tlie year 1885 the gross
earnings*were $1,916,963 ; net, $517,293.
For the year 1886 the earnings and income account
were as follows on
an average mileage of 669 miles
operated: Gross earnings, $2,556,461;
Gulf & Sliip Island.—This road is under construction
2^
west of Mississippi City at Gulftown, a new town owned
miles
by the com¬
junction with the Memphis A Charleston just beyond the Mis¬
sissippi line. The total length of the road, as projected, is 350 miles, of
which 63 miles from Middleton, Term to
Pontotoc, Miss., is in operation,
and about 77 miles
pany, to a
,
with the New Orleans A Northeastern at
Hattiesburgh is expected to be finished early in 1888. Both mort¬
gages cover laud acquired; trustee, Manhattan Trust Co. The bonds
are held by the Construction Co. till road is finished.
Hannibal Sc St. Joseph.—Owns from Hannibal, Mo., to St.
to connect
Mo., 206 miles; branches—Cameron to Kansas City 54 miles; St. Joseph,
Joseph
to Atchison, Kans.,21 miles;
Palmyra to Quinoy Ill., 14 miles; total,
operated. 295 miles.
The Bridge across the Missouri River at Kansas
City is owned.
The company received $3,000,000 in bonds from the State of
Missouri,
which loan was repaid in cash in June,
1881, but litigation followed.
The U. 8. Circuit Court decided the further sum of
$476,049 to be due
the State, and the case is yet pending on
appeal.
In May, 1883, 90,000 shares of common stock and a
large amount
of preferred were sold to the C. B. A
Q. RR. Co. at 45 for the common
ana par for the preferred, payable in C. B A
Q. 5 per cent bonds at par.
Preferred stock has prior right to a non-cumulative dividend ot 7
per
cent; then common to 7 ; then both share. Iu Deo.,
1887, a 7 per cent
dividend, the Hist for some years, was paid on pref. stock. Fiscal year
ends Dee. 31.
have shown
a
Annual election occursin November. The income accounts
surolus over all charges of $68,210 in 1886; a
surplus of
$506,152 in 1885; a surplus of $445,168 in 1884; a surplus of
$353,698 in 1883; and a surplus of $39,810 in 1882 after paying
$330,395 for a 6Lj percent dividend on preferred stock. (V. 43, p. 308J
^Harrisburg Portsmouth Mount Joy Sc Lancaster.—Owns
from Dillerville, Pa., to
Harrisburg, Pa., 36 miles; branch, Mid¬
dletown, Pa., to Columbia, Pa., 18 miles; total operated, 54 miles.
The property was leased to the Pennsylvania Railroad Co. for 999
years from Jau. 1, 1861, the rental being 7 per cent on the stock and
interest on the bonds. Operated as a part of main line of
Pennsylva¬
nia Railroad.
Harrisburg &lPotoinac.—Owns from Bowmansdale to Shippens
burg, Pa., 32 miles; branch to mines, d1^ miles; total operated. 37*$
miles. Extensions projected from Bowmansdale to
Harrisburg. Bonds
authorized, $1,800,000. Stock $379,165. Thomas W. Ahl, President,
Boiling springs, Pa.
Hartford Sc Connecticut Western.—Hartford, Conn., to Rliinecliff, N. Y., 108. Foreclosure suit was begun in 1880 against the former
Conn. West., and the State Treasurer took possession. On
May 25,1881,
bondholders reorganized, and stock in new company issued for bonds.
In March, 1882, the purchase of the Rhinebeck A Connecticut Railroad
January, 1888. J
RAILROAD
STOCKS
AND
BONDS.
57
58
INVESTORS’
Subscribers will confer
a
jgreat|favor by giving immediate notice of
For explanation of column headings, Ac., see notes1
first page
of tables.
Housatonic—Stock
Preferred stock, 8 per cent, cumulative
New consol. mort.'(for $3,000,000)
2d mort. bonds of 1869
Bonds;
Consolidated mort., reg
j Value.
i
I
r
Rolling stock certificates
184-657. ,3214
192
192
345
119
58
464
522
64
64
64
Huntingdon <£ Broad Top— 1st mort., gold
2d mortgage, gold
3d mortgage consolidated
5 2,355
706
706
706
706
706
Mortgage bonds, gold
c*
oondssterl’g,(secured by Cli.S.L.&N.O. cons.)
Bonds, coup
mortgage onCli. & 8p. RR
Bonds, reg., mortgage on Middle Div
Ohio. St Louis & N.O., 2d M. (N. O.J.A G. N.)
,
do
do
do
do
do
do
1st mort
2d mort
I
|
!
I
cons.M., gld. (for$18,000,000)!
Illinois rf*St. Louis— 1st mortgage
Venice A Carondelet mort., guar
made.
!
1887
1869
1885
1830
1881
1878
1883
1866
1870
1873
1872
1881
1854
1857
1865
?
Mortgage bonds, sterling
Sterling bonds, (s. fd. £20,000 drawn yearly) ..c*
Mortgage, sterling
Mortgage bonds, gold
c*
Trust
164
164
164
74
74
74
....
Houst. Bast tC West Texas.—1st M., gld ($7,000 p. m.)
2d mort., land grant ($5,000 per mile)
Houston d* Texas Cent — 1st M., (main) gold, l.gr.,s.f.
1st mort., 1. gr., West div. (Hempstead to Austin)
1st M., gold,Waco AN’west (Bremond to Ross)
Consol, mort., land grant, Main and Western Div.
Gen. mort., gold<for $18,500,000)....
Illinois Central—StocK
Leased line 4 per cent stock, guar
Miles
Date Size, or
of
of
[ Par
Road. Bonds
ill
131
224
567
567
567
19
6
1875
1874
1875
1886
1886
1886
1877
1881
1860
1877
1877
1881
1875
1880-2
Outstanding
$320,000
100
1,180,000
500Ac.
300,000
200,000
1.000
(?)
6,154,000
2,271,000
500
500
1,000
100
100
£200
£200
£200
1,000
1,000
£200
1,000
1,000
1,000
1,000
1,000
1,000
500
1,000
1,140,000
4,046,000
4,305,000
416,000
367,500
1.497,000
40,000,000
10,000,000
2,500,000
3,900,000
1,000,000
1,500.000
2,496,000
5,000,000
1,600,000
968.000
1,483,000
1,398,000
80.U00
15,030,000
200,000
300,000
pal,When Due.
Stocks—Last
Dividend.
Hartford.
300,000
1,344,000
by
Jan. 10, 1887
Bridgeport. Office.
M. A N N.Y..Farmers’ L.&T.Coj Nov. 1, 1937
J. A J.
Bridgeport, Office,
July 1, 1839
A. A O.
do *
do
1910
A. A O.
do
do
April 1. 1910
1700,000
1.000
1,000
1,000
1,000
1,000
1,000
j Bonds—Princi—
Rate per1 When
Where Payable, and
Cent. ! Payable
Whom.
100.000
500Ac.
discovered in tliese Tables.
INTEREST OR DIVIDENDS.
Amount
$100
,
IVol. XLVI.
any error
f
DESCRIPTION.
on
SUPPLEMENT.
'
g-
2*
6 g.
7 g.
2*
3^
2
6 g.
5 g.
4 g.
3% g.
3 *2 g.
6
5
8
7
6
5 g.
8
6
J.
M.
J.
J.
J.
J.
A.
A.
A.
F.
A.
M.
J.‘
; A.
A.
J
J.
J.
J.
J.
F.
A
&
&
A
A
&
A
a
A
&
A
A
A
J.
do
do
N. Last coup’n pd.May, ’86
J.
J. Last paid July, 1885
J.
Last paid July, 1885
J.
Last paid July, 1885
O.
Last paid Oct., 18^4
o.
Last paid Oct., 1884
O.
A.
O.
S.
J.
& O.
Philadelphia, Office,
do
do
N. Y., 214
do
do
do
Broadway,
do
London.
O. !London,Morton R.A Co.
D.
do
do
J. [New York. 214 B’dway.
J. I N. Y., 214 Broadway
J. j London,Morton R.A Co.
A J. N. Y., 214 Broadway.
& A.
do
do
A. A O.
do
do
M. & N.
do
do
J. A D.
do
do
T. A D.
do
do
J. A D.
St. Louis,
Various
do
A
A
A
A
&
1889
1898
Jan. 1, 1913
July 1. 1891
July 1, 1891
July 1. 1901
Oct.
1, 1913
April 1, 1925
Sept. 30,1890
Feb.
1.
1895
April 1,
Mar. 1,
Jan. 1,
April 1.
April 1,
1895
1838
1888
1895
1903
Dec. 1, 1905
Jan. 1, 1951
Jan. 1. 1951
July 1,1950
Jan.
1.
1898
Aug.
1, 1921
Oct. 1, 1890
Nov. 1, 1897
Dec. 1, 1907
June 15,1951
June 1, 1895
1900-’02
In August.
1887. Jas. W. Husted, of N. Y., was elected
EARNINGS, EXPENSES AND CHARGES FROM 1883 TO 1886 INCLUSIVE,
President, and this road was reported then as probably forming a part
1883.
1884.
1885.
1886of the route to connect with the Poughkeepsie Bridge and form an all¬
Gross earnings
$3,251,875
$2,547,847 $2,739,915 $3,080,796
rail route across the Hudson River.
Sept. 30, 1887, there were still
Expenses—
outstanding $119.000 0. W. RR. 7 per cent bonds, due 1900, convert¬ Operat’g,
incl’g taxes.$1,743,771 $1,578,190 $2,052,377 $2,311,205
ible into stock at 60 per cent, on which no interest is paid.
In year end¬ Extraordin’y rep’s, Ac
687,391
77,192 )
549,699
-q q^a
ing Bept. 30, 1887, gross earnings were $550,484; net, $108,796; Equipment
95,393
92,221
82,989 5
surplus over charges, $65,848.
Gross in 1885-86, $348,964; net,
Total
$2,526,562* $2,220,110 $2,212,559 $2,390,039
$93,975; surplus over interest, Ac., $55,027. (V. 44, p. 308; V. 45, p.
Net earnings
166, 212, 239, 642.)
$725,313
$327,737
$527,356
$690,757
Housatonic.—Owns Bridgeport. Conn., to State Line, Mass., 74
(V. 43, p. 102, 131. 309. 515, '547, 579, 746; V. 41, p. 22, 184, 526,
miles; Brookfield June, to Danbury, 6 miles; leases—Berkshire Railroad, 653, 681, 751; V. 45, p. 437, 612. 727, 792, 820.)
22 miles; West Stockbridge Railroad, 3 miles; Stockbridge A Pitts¬
Huntingdon A: Broad Top.—Owns from Huntingdon, Pa., to
field RR., 22 miles; Danbury A Norwa’k RR., Danbury to Wilson, Conn., Mt.
Dallas, Pa., 45 miles; branches—Slump’s Run. 9 miles; Six Mile
27 miles, and branches, 10 miles; total operated, 164 miles.
The pre¬ Run, 4 .miles; and
Sandy Rim, 3 miles; Long’s Run Br.. 3 miles;
ferred 8 per cent cumulative stock was Issued in 1845, and in Oct, total
operated, 64 miles. The capital stock is $1,369,050 common and
1887, the stockholders voted to settle past accumulative dividends by
$1,985,300 7 per cent pref. stock, In February, 1884. a dividend of 75
an issue of new 4 per cent non-cumulative stock for the old,
together cents per share was paid on pref. stock, in July, 1887, 2 per cent, and
with 100 per cent in the same stock or a $100 bond, for the p tst-due
Jan. 31, 1888, 2^ per cent. There is outstanding $121,181 of 7 per
dividends. Common stock to be exchanged for the same new pref. on cent
scrip due December. 1889. In 1885 gross earnings $371,001; net,
basis of three new for four old shares.
A consol. 5 percent mortgage
$191,709. In 1886, gross, $379,975; net, $222,736. (V. 44, p. 181.)
for $3,000,000 was authorized to effect these chang. s, retire old debt,
Ac.
There are also $70,000 5 per cent iDanbury branch bonds due
Illinois Central.—(See
Map.)— Line of Road—On Dec. 31, 1886
October 1, 1912, redeemable after 1892. In Sept., 1886, the Housa¬ the mileage was: Main line—Chicago to Cairo, 365miles; East Dubuque
tonic leased the Danbury A Norwalk RR. for 99 years.
to Centralia, 341 miles.
Branches— Otto to. Normal, Ill., 79 miles;
Fiscal ye r ends Sept. 30. Operations and earns, have been as follows:
Buckingham to Tracy, Ill., 10 miles ; Kempton Junction to Kankaicee
Net
Div. % June., Ill., 42 miles; Gilman to Springfield, 111 miles; Park Site to South
Passenger Freight (ton) Gross
Years.
Mileage.
Mileage. Earnings. Earnings. Rentals. Pref. Chicago, 5 miles; total in Illinois, 953 miles. Southern Division—New
8,835,567 14,890,424 $345,859
$249,632
$74,102
5 Orleans, La., to Cairo, Ill., 548 miles; branches: Durant. Miss., to Aber¬
9,890,020 17,296,373
690,016
240.610
6 deen, Miss., 108 miles; Jackson to Parsons, Miss., 115 miles ; Sehula to
74,100
21,757,014 982,550
380,253 170.022
3 Durant, Miss., 24 miles. Total owned, 1,747 miles. Leased—Dubuque
to Iowa Falls, 143 miles ; Iowa Falls to Sioux City, 183 miles; Waterloo
—(V. 43, p. 334; 774; V. 44, p. 631; V. 45. p. 53, 472, 672. 856.)
to Minnesota State Line, 76 miles.
Total leased, 402 miles.
Total
Houston East Sc West Texas.—Owns from Houston, Tex.
operated Dec. 31,1886, 2.089 miles. Tn Jan., 1887, took possession of the
to Babine River at Logansport, 192 miles, and connects there with a line road
Havana, with branch from Monticello to Decatur,
to Shreveport, La.
(Narrow gauge, 3 feet.) The company had a Texas 130 Champaign to
miles, ami the narrow-gauge road West Lebauon, Ind., to Leroy,
land grant of 10,240 acres for each mile constructed and equipped.
Ill., 76 miles, making total operated ‘after January, 1887, 2,355 miles.
Bonds issued to the extent of $7,000 per mile first mortgage and $5,000
Under construction: Chicago Madison A Northern, Freeport, III., to
per mile second mortgage, but the 2d mortgage bonds were not sold
On Oet. 1,
and are held as collateral for the debt due Mr. Bremond, $750,000. Madison, Wis., and Chicago to Freeport,’ about 170 miles.
1887, the Dubuque & Sioux City and Cedar Falls & Minn., and the Iowa
Stock authorized, $10,000,000 ; issued, $1,920,000.
In July, 1885, M. Falls & Sioux
City, leased roads, were surrendered, and their earnings
G. Howe, Assistant Superintendent of the Houston A Texas Central,
no longer included in the Illinois Central’s.
was appointed receiver of this company.
Interest is in default, and
Organization, Leases, Ac.—This company was chartered in Decem¬
the proposition made to bondhohlers was in V. 44, p. 244. (V. 43 p.
ber, 1850, and organized in March, 1851, and the whole road, 707
131, 547; V. 44, p. 244; V. 45, p. 792.)
miles, opened September, 1856.
The Illinois Central was one of the
Houston Sc Texas Central. (See map of Southern Pacific )—Owns first, and has been one of the most successful, of the land grant
roads.
from Houston, Tex., to Red River City, 'fex., 345 miles'; branches The lands granted were upon
the condition that the company
—Hempstead, Tex., to Austin, Tex., 118 miles; Bremond. Tex., to .should pay to the State 7 per cent of gross earnings yearly in lieu of
Ross, Tex., 57 miles; total operated. 520 miles. Texas Central RR. taxes. The Springfield Division was acquired by a lease of theChicago
completed from Ross to Albany, 177 miles, with branch, Garrett to A Springfield (Gilman Clinton A Springfield foreclosed for 50 years,
Robert, 52 miles, is operated in connection with this road, but accounts but road is practically owned. The leased lines in Iowa were acquired
are separate.
The company has a land grant from the State of Texas in 1837 by purchase of a controlling interest in their stock.
The
of 10,2 40 acres per mile, amounting to about 5,130,720 acres; but the company acquired a com rolling interest in the Chicago St.
Louis A
lands are not on the line of the road. Mr. Morgan, of the Louisiana New Orleans Railroad, to which it made
large advances. From July
Steamship Line, bought a controlling interest in the stock, and in 1, 1882, leased the Chicago St. Louis A New Orleans for 400 years,
February, 1883. the Southern Pacific party purchased this interest at 4 per cent per annum on’stock and issued the above 4 per cent leased ($3,985,500 of the stock) with their purchase of the Morgan property. line stock, iu exchange for the Chic. St. L. A N. O. stock. Fiscal year
Total stock is $7,726,900. The general mort. of 1881 for $18,500,000 ends Dec. 31. Annual election held in March.
is made to the Farmers’Loan & Trust Co. as trustee, which company
Stocks and Bonds—The 4 and 3 ^ per cent bonds due in 1951 are under
holds $1,500,000 Income and Indemnity bonds and $1,149,000 consol, the old main line
mortgage of 1874, and this company was the first to
mortgage bonds as security.
negotiate at par a 3^ per cent bond. On the Chic. St. L. A N. O. the lessee
The 1st mort. is a first lien on the main line at the rate of $20,000 a’miie,
guarantees the principal and interest of all the outstanding bonds prior
covering 345 miles of road; it is also a first lien on ten sections of land to the 5 per cent bonds, and by an endorsement on the latter bonds
for each mile, or 2,20^,000 acres. The second mortgage at 8 per cant,
guarantees tlie payment of the interest on the same until the principal
is a second lien on 463 miles of road and also a first lien on six seermns is paid.
Of the first mortgage bonds, $541,000 are a prior lieu on
of land for each mile of road, being 1,777,920 acres in all.
that portion of the road in Tennessee. The trust bonds of 1836 are
In February, 1885, B.G. Clark and Chas. Dillingham were appointed
secured each one by a denosit of a $1,000 bond of the Chic. St. L. A N.
re«eivers in a suit of the Southern Development Co. against the railroad, O consol. 5
p. c. mort. and they also have tlie agreement that they shall
and receivers’ certificates were issued, and afterwards on an attempt be secured by any future mort. that may be issued on the 111. Cent, lines.
to obtain for the floating debt a precedence over mortgage bonds, the
The company issued $10,000,000 new stock at par to stockholders
Court decided in far* r of tLe b mdhohlers.
of June 1, 1837, the proceeds to be u«ed. for acquisition of the leased
Tor..closure* suit is pending and the latest proposal for reorganization, lines in Iowa for construction, Ac.
Ac., was in V. 45, p. 792, 820, and under the propo ed plan int res^
Dividends paid since 1870 (prior to current year) have been: in 1871,
charges wi 1 be about $960,000 per year.
All the existing mort¬ 10 per cent; in 1872, 10: in 1873, 10; in 1874,8: in 1875, 8; in 1876,
gages to be foreclosed and a new company organized.
The first 8; inl877, 4; in 1878,6; in 1879.6; in 1880, 6; in 1881, 7; iu 1832,
mortgage bondholders of all the d vis ons to receive $50 per bond bonus 7; in 1883, 8 and 17 per cent in Chic. St. L. A N. O. stock, exchangeable
in cash and payment of ba k interest up to July 1, 1887, and new five
for leased line certificates: iu 1884, 10; in 1885. 8; in 1896. 7^; in 1887,
per cert 50 year gold bonds secured by a single mortgage on the entire
7.
Prices of the stock yearly since 1870 have been: in 1871, 132® 139*2;
railroad and the lands now < ov. red by the existing first
iuoitgages. in 1872, 119® 140; in 1873.‘90 ®126is; in 1874. 90® 108*2; in 1875. 83*s
The consolidated or second mortgage bondho ders to receive $180 pen
® 106*2; in 1876, 607g®103%; in 1877, 40*2®79; in 1878, 723g®87; in
bond in 6 p* r cent debentures and new six per cent go’d bonds drawi g
1879, 79x4®1003i; in 1880, 99*2®12738; in 1881, 124®146^; in 1882,
interest lrom October 1, 1887, secured by a second ni >rrgage.
T m gen¬ L273i®150Lj; m 1883, 124 ®148: in 1884. 1109140: in 1885. 1191*
eral mortgage bondholders to receive new j.entr.al mortgage gold bonds
® 140 ; iu 1886, 130®143*2; in 1887, 114®138;in 1888 to Jan. 20, inch,
hearing four per cent interest from October 1,1887, and $120 per boud 116*2®118*2.
was
in four p r eem dele ntnre bonds.
The general mortgage is to cover
the entire propeitv and is to be further secured by the deposit with Os
trustee of 1,149 of the new second cr consolidated mortgage bonds.
All mortgages to be guaranteed by tlie Southern Pa itic Co."
The following is the statement of gross earnings, operating
expenses,
amounts charged to renewals and betterments, and gross interest
charges,
in each of the past four years.
-
Operations and Finances.—The Illinois Central for many years paid
10 per cent dividends, as the road drained a rich territory, of which it
was the only outlet to Chicago.
But the building of numerous east and
west lines crossing its road cut into its business severely
The company,
co extend its business, acquired the liue from Cairo to New Orleans,
and invested largely in improving the property, and in 1837 acquired
the leased liues in Iowa by purchase of their stocks.
A
i
i'.
t?
RAILROAD
January, 1888. J
Subscribers will confer
STOCKS
Miles
Date
of
of
Road. Bonds
For explanation of coluinu headings, Ac., see notes
on first page of tables.
Size
cp. or reg.
Sinking fund debentures
Indiana'lllinois & Iowa—Bonds, extended
2d mortgage, reg
Indianapolis Decatur & Western—LD.A Sp, 1st,gold
202
202
342
202
140
1879
1879
1881
1879
1881
1883
120
120
153
1882
1883
_
1st mort.,
Amount
par
Outstanding
Value.
2d mortgage
Indianapolis <£ St Louis—1st mort., in 3 series
Mort for $2,000,000, gold, (end. by C. C. C. & I.).
Indianapolis <& Vincennes— 1st mortgage, guar
2d mortgage, guaranteed Penn. Co
Iowa Falls <£ Sioux Oih/—Stock
1st mortgage, April 1, ’69
Ithaca Auburn <£ West.—1st mort.(for $500.000)
2d mortgage, (income for 3 years)
72
72
117
117
184
184
Jacksonville Southeastern—1st mortgage
General mortgage
Jacksonville Tampa <£ Key West—1st,gold,red.at 110
Jefferson (Pa.)—1st A 2d morts. (Hawley Branch)..
1st mortgage (Susquehanna to Carbondale)
54
112
1301a
9
38
222
159
159
6
44
3'6
3-6
115
168
Jeffersonville Madison <£ Indianapolis—Stock
Jeff., Mad. & Ind., 1st M. (s. f. $i5,00u per year).
do
2d mort........
do
Jersey City <£• Bergen —1st mortgage
Joliet <t Korlhernlndiana—1st mort., guar, by M. C.
Junction ( Philadelphia) .—lat mort. (extended)
2d mortgage
Kanawha <£ Ohio—1st mort. <$10,000 p. in.)
Kansas Central— 1st mortgage (for $3,200,000)
—
For 1886 the annual report was in V. 44, p. 307, 310.
the whole line are shown in the figures below :
$1,000,000
500 Ac.
3.500,000
1,000
4,688,000
L500,000
1,000
1,000
3,000,000
1,000
600,000
341,000
op’rat’d Dec. 31.
Receipts—
Gross
Net
earnings
Q—M.
A
A
A
A
1,000
1,000
1,000
1,000
1,000
100
1,000
1,000
1,000
looo
1,000
1,000
1,000
1.000
1885.
1886.
2,066
2,149
300,000
2,000,000
2,000,000
2,563,000
1,995,000
258,000
800,000
6,062,321
5,994,635
5,988.790
293,009
Miscellaneous
202,226
188,967
121,206
270,627
65,966
313,343
102,121
7,129,707
6,372,494
6,331,228
6,404,254
4ia
300.000
6
6
6
727,000
1,348,000
1,891,538
538,750
1,787,316
546,900
1,901,038
544,400
1,875,073
776,760
3,300,000
559,980
632,529
2,720,000
545,269
219,943
250,000
165,138
2,720,000
...
Taxes
Construction acc’ts.
Add’t’l equip, aoc’t..
Miscellaneous
Total
50,000
556,074
548.859
60,807
6,234,566
6,331,178
6,395,661
156,910
137,928
50
8,593*
190, 245. 607, 671; V. 44, p. 118, 149, 275, 291, 307, 310
—(V. 43. p.
343; 494, 526. 539, 653. 808 ; V. 45, p. 142, 509.)
Illinois Sc St. Louis.—Belleville to East St. Louis, Ill., 15 miles
branches to coal mines, 4 miles; total, 19 miles. Leases Venice A Caron.
RR., 6 miles, and guarantees the bonds. Capital stock of Ill. <fc St. Louis
is $900,000 preferred and $617,000 common. In year ending June 30,
1887, gross earnings were $204,406; net. $98,247; surplus over all in¬
terest, $48,984; in 1885-6 gross were $222,975; net, $88,667; surplus
over all interest, $33,751.
Jos. W. Branch, President, 8t. Louis.
Indiana Bloomington Sc Western.—Owns from Indianapolis,
Ind., to Pekin, Ill., 202 miles, and Indianapolis to Springfield,
Ohio, 142 miles. Leased, Pekin to Peoria, 9 miles; Springfield to San¬
dusky, O., 130 miles; Cary, O., to Findlay, O., 16 miles; Springfield to
Columbus, 45 miles. Total operated, 543 miles. This was a consolida¬
in March, 1881, of the Ind. B. AW. and the Ohio Ind. A Pacific.
The Cincinnati Sandusky A Cleveland and branch was leased in April,
1881; but of this, 24 miles (Springfield, O., to Dayton) is leased to Cin¬
tion
cinnati A
Springfield. The former Indianapolis Bloomington & Western
Company defaulted Oct. 1, 1874, and the road was sold in foreclosure
Oct. 30, 1878. The stock is $10,000,000 and there are also $72,300
registered income bonds.
In July, 1886, a receiver was appointed for the I. F. A W.. and in
Nov., 1886, a circular was issued proposing a plan of foreclosure and
reorganization. (See V. 43. p. 579.) On March 28,1887, the road was
sold at Indianapolis and will be reorganized pursuant to the plan, but
reorganization has been delayed by legal formalities.
For the year
ending June 30, 1886, seeieport in V. 43, p. 546, gross
earnings $2,493,536; net, $839,783; disbursements, $919,497; deficit,
$79,714.—(V. 43, p. 23. 49. 102, 132, 216, 309, 398,458,515. 546,
579, 634; V. 44, p. 90, 184, 211, 434; V. 45, p. 369, 401, 672 ; V. 46, p.
102.)
Indiana Illinois & Iowa.—Completed and in operation from
Streator, Ill., to Knox, Ind., 120 miles. Stock, $3,598,000. Holders
of first moit. bonds due Nov., '87. agreed to an extension, subject to call.
In year
ending June 30, 1887, gross earnings were $188,701: net,
$42,893; surplus over charges and improvements. $1,052.
Gross in
1885-6, $123,089 ; net, $22,568. F. M. Drake, President, Centreville, la
Indianapolis Decatur &lWestern.—Owns from Indianapolis,
Ind.. to Decatur, Ill., 153 miles.
This company is successor to the
Indianapolis Decatur A Springfield RR.. sold in .foreclosure Mav 25.
1887. The foreclosure sale was made in New York under the 2d mort..
and the old stock was assessed $2 50 per share. Tbe new capital stock
is
$1,000,000. It is proposed by this Co. to issue a new consol mor.
for. $1,942,000, enough of this to be reserved to letire the old I. D. & 8.
bonds as per its sinking fund provision of $40,000 per annum.
Also
$1,400,000 2d mort. 5s to be income bonds for five years, interest pay¬
able only if earned, but non-cumulative. Also income bonds, noncunuilative, for $795,000. In Jan.. 1888, it was reported aR \ robably
passing to the Evansville syndicate (see V. 46. p. 38).—(V. 44, p. 184,
211, 362, 682; V. 45, p. 239, 272, 856, 886; V. 46, p. 38.)
Indianapolis Sc SC. Louis.—Owns from Indianapolis to Terre
Haute, Ind.,
miles; leased line, St. L. Al. & T. H. and branches,
193 miles; total operated. 265 miles. The old lease of the St. Louis
A. & T. H. was guaranteed by three other companies, and suit has beeD
pending as to the rental. The company was formerly controlled by
the Pennsylvania and Cleveland Columbus Cin. & Ind. companies,
who jointly owned the stock of $600,000.
Interest had not been
paid on the second mortgage and equipment bonds since July, 1878,
and on July 28,1882, the road was sold in foreclosure for $1,396,000
(subject to 1st mort.) and bought for Clev. Col. Cin. A Ind. Co. and a
new company organized September, 1882.
Mr. J. D. Layng is the
new
lease
was
made of the St. Louis Alton & Terre Haute
by which this company and the Cleveland Columbus Cincinnati & In¬
dianapolis
are jointly
liable for the rent of $450,000
Boston, at Office.
Park Bank.
N.Y., Hanover Nat. Bk.
N. Y., Nat.
1, 1900
1, 1909
1, 1921
1, 1909
1, 1921
1903
At
ill.
Nov. 15, 1903
July 1, 1906
1947
1948
July 1, 1919
Nov. 1, 1912
Feb. 1, 1908
May 1, 1900
Sept. 1,1887
1. 1917
Dec., 1906
Oct.
do
do
N.Y'.Am.Ex.Bk.A Phila.
do
do
N. Y. Mercan. Trust Co.
Jan.
N.Y.,N.Y.L. E.AW.RR.
1889 A 1927
Jan. 1, 1889
do
do
N. Y., Farm. L. A T. Co.
ao
do
O.
do
J.
do
J.
J. N. Y., Farm. L. A T. Co.
J. Phila., 233 So. 4th St.
do
do
O.
A J. I st coup, due Jan., ’89
A O. Office, 195 Broadway.
A
A
A
A
A
A
1, 1907
July 1, 1910
.July 1, 1912
Jan. 1, 1914
May, 1881
1, 1906
July 1, 1910
Jan. 1, 1903
July 10,1907
July 1, 1907
April 1, 1900
Jan. 1, 1936
April 1, 1911
Oct.
M. &
Of the first
S.; series “C,” M. & N.; and the C. C. C. & I.
951. The road is
route to St. Louis.
on bonds. $170,000; miscellaneous, $149,512; total#
to lessee in 1886, $324,999; deficit in 1885, $560,-
only incidentally of advantage to its owners
as a
Operations and earnings for three years past were :
Passenge
Freight (ton)
Gross
Net
Miles.
Mileage.
Earnings. Earnings.
Mileage.
265 * 22.494.880
265
20,596,678
265
21,017,157
207,672,278
216,121,867
$1,921,726
1,855,903
177,844,516
1,876,495
$189,904
249,249
444,513
to Vincennes, Ind.,
In 1881 the net earnings were $10,260; in
1882, $19,850; in 1883, deficit, $11,031; in 1884, deficit, $9,570; in
1885, deficit, $5,847; in 1886, surplus, $26,298. Annual interest on
debt, $206,000.
31, 1886, was $1,513,007.
122,443
6,972,797
A
O.
I>.
J.
J.
J.
J.
J.
J.
Q.-F.
A.
J.
J.
J.
J.
A
J.
A.
Jan.
Indianapolis Sc Vincennes. -Owns from Indianapolis, Ind.
117 miles; branch, Bushrod to Dugger, 12 miles;
2,430,000 total, 129 miles. The Penn. Co. owns a controlling interest in the stock
and operates the road, advancing the deficiency to pay interest on the
575,459 bonds.
The capital stock is $1,402,000; the debt due to Penn. Co. Deo*
615,926
Balance, surplus
President.
A
A
A
A
Stocks—Last
Dividend,
mortgage bonds series “A” are J. A J.; series “B, *
RR. guarantee*
$750,000 of them. Stock, $500,000.
There has been a large deficit on the company’s operations after de¬
ducting the rental. Net earnings in 1886 were $444,513; rental paid#
mum.
Rentals, incl. int. on
bds. of leased lines.
Int.on Ill. C. debt...
Div’dsonlll. C.stk. A
leased line certs
lb)
7
7
7
7
425,000
Years.
Total
Dish ursements—
A.
J.
J.
J.
J.
J.
4*a A 7 J.
7
J.
$
$450,000; interest
12,529,494 $769,512; net loss
6,629,472
:
879.000
1,566,000
July 1, 1887
O.
D.
A.
N N. Y.,Lockw’d Bros. AH.
N.
None paid.
O. N. Y., 1st Nat. Bank.
A. A O.
New York. Office.
do
J. A J.
do
Various N. Y., Union Trust Co.
M. A N.
N. Y.. U. S. Trust Co.
F. A A. N. \\, Farm. L. A T. Co
do
do
M. A N.
A
A
A
&
A
A
7
7
7
6
6
0 g-
Interest, Ac
earnings
A.
J.
F.
M.
M.
A.
1^
1,700,000
paid
Bonds— Princi¬
pal,^When Dae,
coup.paid Apr.,'86 April
July
Last paid April, 1886
April
Last paid June, 1886
June
2,800,000
400,000
498,090
300,000
1884.
$
& J. Last
A. & O. Last
1,450,000
m'
The profits of
12,621,264
J.
4,600,000
500,000
2,066
$
Whom.
100
500 Ac.
100 Ac.
100 Ac.
^
1,000
1,928
•
Where Payable, and by
1,000
....
12,190,833
7
5 to 6
6
5 to 6
6 g6
6
6
7 g.
5
5
7
6 g.
7
6
When
Pay’ble
500 Ac.
1,000
(0
2,000,000
1383.
$
(f)
Rate per
Cent.
1870
1866
1870
1873
1877
1882
1865
1886
1881
13,064,743
1,800,000
...
INCOME ACCOUNT.
R’d
500,000
500
1.000
1869
1876
1877
1880
1882
1884
1867
1869
38ia
discovered in these Tables.
1887
1888
1869
1882
1867
m
38^
$100Ae.
500 &c.
1876
gold
any error
INTEREST OR DIVIDENDS.
or
54881
prof.,
1st mortgage, coup., may be reg
Consol. Irw.ome bonds for $6,(>00,000
2d mortgage, coupon or reg
1st mortgage, gold, Eastern Division
99
RONDS.
great favor by giving immediate notice of
a
DESCRIPTION.
Indiana Bloomington <£ West.—1st,
AND
per year as a
mini.
Iowa Falls & Sioux City—(See Map of Illinois Central).—*Owns
from Iowa Falls, la., to Sioux City, la., 184 miles. This road was opened
in 1870 and was leased to the Illinois Central for 20 years from Oct. 1,
1867, at a rental of 36 per cent of the gross earnings. The Hlinois
Central had an option of continuing the lease after 1887 at same rental,
the property by purchase of the stock, and the Iowa
City distributed to the stockholders, assets amounting to
$1,759,50P. For the eleven months ending Feb. 28, 1887, the total
rental was $213,998; receipts from sales of lands, $326,316; the total
net income was $769,604, and all expenses, including dividends, $610,106; balance. $159,498. The contingent fund invested was $1,450,000.
Horace Williams, President, Clinton, la,
(V. 43, p. 607; V. 44, p. 439.)
but acquired
Falls A Sioux
Ithaca Auburn Sc Western.—Owns from Freeville to Auburn#
N. Y., 38 miles. The New York A Oswego Midland RR., Western Exten¬
sion, was sold in foreclosure, and this company organized Sept. 20#
1876. The stock is $975,800. On April 1, 1883, was leased to South¬
ern Central of New York for the term of its charter, at a rental of 33*3
per cent of gross earnings, with guarantee that rental shall equal 4 per
cent on first mortgage bonds. In Nov., 1886, leased to Lehigh Valley
RR. with So. Central. Foreclosure has been consented to by a majority
of bondholders in order to change the form of bonds to conform to the
terms of the lease.
Jacksonville Southeastern.—^Owns from Jacksonville to Cent
ralia, Ill., 112 miles. This was the Jacksonville Northwestern & South¬
eastern RR., projected from Jacksonville to Mt. Vernon, 125 miles. Bonds
were issued at $20,000 per mile, amounting to $600,000.
In 1879 the
reorganized by the bondholders under this name. Stock
$1,000,000. In year ending June 30, 1885 gross earnings were $158,703; net, $45,304; interest on bonds, $61,390: def.. $16,085.
Gross
in 188n-6, $162,151; net, $57,780; interest on bonds, $70,242 ; deficit,
$12,463. W. 8. Hook. Presid’t, Jacksonville. Ill.
Jacksonville Tampa Sc Key West .—(See map)—Line of road
Jacksonville, Fla., to Saniord, 126 in.; Enterprise branch, 4!flm. Deland
branch. 4m. Leased At. Coasi, St. Johns iv I. R., Enterprise to Titus¬
ville, 37 ra.; operates Jacksonv. St. Aug. & Halifax, 37 m.; Sanford A
Lake Eustis KR., Saniord to Tavares, 29m.; total operated, 237^ m.
company was
This road forms a link in the Atlantic Coast line running from Jackson¬
ville to Sanford, Florida, and via South Florida roa 1 to Tampa, whence
(See full statement as to location, etc., in
steamers run to Havana.
Chronicle V. 44, p. «81.) The road was opened March, 1886, and in
ending April 3 J, 1887, th* gross earnings on mainline, 130i«
; net, $124,414.
The land grant is about 1,500,000 acres. The bonds may be redeemed before maturity at 110. Stook
is $2,600,000. N. Y. office, 10 Wall St.
(V. 44, p. 681; V. 45, p. 25,53.)
Jefferson.—Owns from Susquehanna Depot, Pa., to Carbondale, Pa.,
37 miles; branch, Hawley, Pa., to Honesdale, Pa., 8 miles; total, 45
miles. Leased in perpetuity to the Erie Railway for $140,000 per
annum, and now operated by the N. Y. Lake Erie A West.
Capital
the year
miles were $422,333
stock. $2,096,050.
Samuel Hines, President. Scranton, Pa.
Jeffersonville Madison Sc Indianapolis.—(See Mnp of Penn¬
sylvania ItR.)Own» from Jeffersonville, Ind., to Indianapolis, Ind., 108
miles; branches—Madison, Ind., to Columbus, Ind., 45 miles; Colum¬
bus, Ind., to Sheibyville, Ind., 24 miles; Jeffersonville, Ind., to New
Albany, Ind., 6 miles; Shelby & Rush RR.. 18 miles; Cambridge Ex¬
tension, 21 miles; total operated, 222 miles. The road was leased to
Pennsylvania Company from 1873, with a guarantee of interest on
bonds and 7 per cent oh stock. Lease was modified from January 1,
1880, the lessees to pay over all the net earnings of fche J. M. A I.
Co. The Pennsylvania Company owns $1,981,000 of the stock. Divi¬
dends were at the rate of 7 per cent; per annum tilt May, 1880. Earn¬
ings for two years past were as follows: 1886, gross earnings, $1,319,244 ; net, $357,775.
1885, gross earnings. $1,217,088; net, $291,166.
Jersey City & Bergen.—Owns from Jersey City to Bergen Point,
N. J., 6 miles.
In 1885 gross earnings, $362,972; net, $115,377; int.,
dividend and sink’g fund, $55,000. In 1886, gross, $411,062; net.
60
IN UESTORS’
Subscriber* will confer
a
explanation of column headings, Ac.,
on first page of tables.
see notes
Kansas
City Belt—1st mort., coup, (for $2,500,000)
Kansas City Clinton d Spring.1st M., gold, guar...
Pleasant Hill A De Soto, 1st mort., gold
Kansas City Fort Scott d Gulf— Stock, common
Stock, preferred
1st M., land grant, sink fund
c*
Mort. on branches,guar, (drawn at 110, tlatL.c*
do
[Vol. XLVI.
great favor by giving immediate notice of any error discovered in these Tables.
DESCRIPTION.
For
SUPPLEMENT
Kan A Mo. Rli
Equipment bonds ($70,000 retinal annuallv)
Date
of
Bonds
Size,
10
174
45
3^9
389
160
202
26
1886
1885
1877
$1,000
$1,000,000
1,000
500
3,192,000
58,000
....
or
Par
Value.
....
....
....
....
Amount
Outstanding
4,648,000
2,750,000
1879
*80-’84
1882
1883
100 Ac.
2,247,000
1,000
1,000
2.795,000
390,000
1G87
1883
1884
1885
1887
1855
1,000
1,000
490.000
....
Ten-year
coupon notes
Kans. V. Mem. d Birm.—1st M.
(drawn at 110)..oA
Kan. C. Sprint/. <£■ Mein.—1st M (drawn at 110).e *
Plain bonds (red’ble at will at 105 and int.), guar
Memphis equipment bonds fguar.by K. C. S.A M.)
Current River RR., 1st mort.,guar
Kentucky Central—Covington A Lex.,-mort.,extend
Maysville Division mortgage....
New mortgage, gold
e *
Keokuk dDes Monies—1st M., mt. guar. C. R. I. A P.
Keokuk d Western—Note, secured by mortgage
Kings County Elevated— 1st mortgage, gold
c*
Kingston d Pembroke—1st mort
Lackawanna d Pittsburg—Mortg. (for $2,000,000)
Income bonds
Allegany Cent., 1st mort., gold, payable at 105...
2d mortgage, gold
do
Income mort., not cumulative
Lake Erie Alliance d Southern.—
Lake Erie d Western—Common stock
do
Preferred stock, 6 percent (not cumulative)
1st mortgage, gold ($10,000 per mile)
Lake Shored Michigan Southern—Stock
Guaranteed 10 per cent stock
.
250
282
....
81
80
49
220
162
143
134
....
62
62
....
1,340
500,000
....
423,000
1,620,000
1,000
1.000
.
.
.
219,000
400,000
.
1887
1878
1,000
6,037,000
100 Ac.
1885
1882
1,000
1,000
2,750,000
250.000
1,350,000
....
572,000
1,642,000
....
1883
1881
1882
1882
800,000
281,000
1,000
59,000
36,000
(?)
....
500 Ac.
F 02
592
592
320,000
5,700,000
6,971,000
....
....
100
100
1887
Rate per
Cent.
6
5 g.
7 g.
2
4
7
7
5
6
6
5
6
6
6
5
5 A 6
7
4 g.
5
6
5 g-
6
6
6
6 g.
6 g.
6
j When
Payable
J.
A.
A.
F.
F.
Station,
Northern
11,840,000
5,920,000
49,198,400
100
100
lud.,
45
miles.
Indiana.—Owns from Joliet, Til., to Luke
Operated
as
part of the Michigan Central
mainline. Hoad opened in 1854 and leased to the Mich. Cent. Above
bonds definitely guaranteed were issued as a compromise in place of
old 8 per cent bonds. Stock ($300,000) carries dividends of 8 per cent
pal, When Due.
Payable, and by Stocks—Last
Whom.
Dividend.
A
M. A
F. A
J. A
J.
Boston.
O. B os 1011, Merch’s Nat. B k.
().
do
do
A.
Boston.
A.
doD. Bost., Nat. Webster Bk.
S.
do
do
A.
do
do
I).
do
do
M.
M.
M.
J.
A.
A
A
A
A
A
S.
Boston.
N. Boston. Nat. Union Bk.
N.
D.
0.
Boston.
J.
A D. Kentucky Central RR.
A J N. Y., Morton. B. A Co.
A
July 1, 1916*
Oct.
),
1925
Oct.
1, 1907
Aug. 15, 1887
Aug. 15, 1887
June 1, 1908
Sept. 1, 1910
Aug. 1,
1,
Doc.
1922
1893
1895
J.
J.
Mch.
Dec.
Last
Last
paid July, 1884
paid Oct., 1884
1,
1897
1927
June, 1890
1906
July
1,
1987
Oct.
1, 1923
At will.
1525
1912
J. A J. N. Y., Am. Ex. Nat. Bk.
J. A J. N.Y..R. P. Flower A Co.
A. A O. Last paid April, 1884
J. A J.
M. A S.
1, 1927
May 1, 1923
May 1, 1894
A J. N..Y., Office, 23 Broad.
A. A O. N.Y., 13 William street.
April 1, 1923
April 1, 1923
Jan.
1.
1922
Sept., 1922
Jan’ary
Jan.
533,500
5 g. * J. A J. N. Y.,'Central Trust Co.
2
F. A A. N.Y.,Grand Cent.Office.
5
F. A A.
do
do
$102,384. Stock, $500,000. Dividends 7 per cent in 1886. C. B. Thurs¬
ton, President, Jersey City.
Joliet Sc
A
A
A
A
Where
1, 1912
11,810.000
1,000
....
Bonds—Princi¬
INTEREST OR DIVIDENDS.
Miles
of
Road.
1883.
Dividends
Rate paid on coin.....
Do
1884.
$
$
359,364
8
Sinking fund
Miscellaneous
1885.
$
336,156
2^
475,576
3
pref—
5
*
8
24,360
21,176
1,421
384
Jan. 1, 1937
Feb. 15, 1888
Feb. 1. 1888
8
22,300
1386.
. <£
405,880
4
8
22,300
3,805
.
per annum.
Junction
(Philadelphia).—Owns from Belmont, Pa., to Gray’s
Ferry, Pa., about 4 miles It connects the Pennsylvania, the Phila¬
delphia A Beading and the Philadelphia Wilmington A Baltimore rail¬
roads, coming into Philadelphia. Capital stock, .$250,000. Net earn¬
ings in 1882-3, $123,910; in 1883-4, $130,731; in 1884-5, $95.865; in
1885-6, $131,212. Large dividends are paid according to receipts each
year.
In
cent, and
1884 paid 40 per cent, in 1885 20 per cent, in 1886 30 per¬
Apr !, 1887, 25 per cent.
K anaulut Sc Ohio.—Corning, Ohio, to Charleston, W. Va., 115
miles, and to be extended to a point in Fayette Co., W. Va., in all 180
miles. The Ohio Cent. Riv. Div. defaulted on interest Sept, ’S3, and
was sold Get. 22, ’85. and this
company organized and above bonds
issued.
Bonds and stock of old company were assessed.
(See plan, V.
40. p. 356.) $200,000 of the total of $1,800,000 1st mort. bonds are re¬
served to ret ire the loan on the Point Pleasant Bridge, and $111,( 00 to
retiie the Ohio Cent. Mineral Div. bonds.
Common stock author¬
ized $2,200,000; 1st pref.. $6,000,000; 2d pref., $4,000,000. Office, 2
Wall st.. New York.
Nelson Robinson, President.
(V. 43, p. 132; V.
45, p. 135.)
Kansas Central.—Owns from Chic. R. T. Sc Pac. June, to Milton,
vale, 166 miles; leased Leavenworth to Chic. R. I. A Pac. June., 1 mile;
Sold under foreclosure of first mortgage April 14, 1879.
Reorganized
April, 1879; on April 1, 1887, default was made. Gross earnings in
1885, $268,059; def. $46,575; def. under interest, Ac.. $127,455. Gr \ss
earnings in 1886, $217,673, def., $76,047; def. under interest, Ac.,
$159,404. Stock, $1,348,000. Union Pacific holds $1,313,400 of the
Stock afid $1,325,000 bonds.
(V. 14, p. 494 ; V. 45, p. 53.)
Kansas City Belt.—From Argentine to Washington Park. 10
miles. Stock is $100,OcO. Owned one-half by Atchison Topeka A Santa
Fe, and one-quarter each by Kans. City Ft. Scott- A Gulf and Chic. MilA St. Paul.
Double-tracked and used for a terminal road at Kans. City.
Kansas City Clinton A: Springfield.—Owns from Cedar June..
Kail., to Ash Grove, Mo., 164 miles, and branch Raynor Junction tor
Pleasant Hill. Mo., 10 miles; total. 174 miles. Road was built in tlie
interest of K. C. Ft. S. A G. UR., which company guarantees the bonds.
In Jan., 1885. the Pleasant Hill A I)e Soto road, 45 miles, was
purchased
from. Ateh. Top. A S. Fe HR the K. C. C. A S. Co. assuming the bonds.
,
Stock authorized, $2,500,000: issued. $1,775,400, of which a majority
is owned by the Kansas City Fort Scott A Gulf RR.
Kansas City Fort Scott A:
Cult'.—Mileage is as follows:
Main line—Kansas City to Baxter Springs, 160 miles; branches—Weir
City to Cherry\ alle, 50 miles; Arcadia to Coal Mines. 2 miles; Baxter
Springs to Webb City, 22 miles; Rich Hill Junction to Carbon Centre
and Rich Hill, 28 miles : Fort Scott Junction to Springfield, 100; Coalvale to Cherokee, 26. Total operated, Dec. 31, 1886, 389 miles.
This company was organized April 1, 1879. as successor to the
Missouri River Fort Scott A Gulf, which was foreclosed Feb. 4, 1879.
In Nov., 1887, consolidation with the K. 0. Springfield A
Memphis
road was proposed as per circular in V. 45, p. 642.
The Branch line 7 per cent bonds due Sept. 1, 1910, are on the fol¬
lowing leased lines : Fort Scott Southeastern A Memphis. 103 miles, at
$15,000 per mile ; Rich Hill Road, 28 miles, at $13,435 per mile ; Short
Creek A Joplin Road, 22 miles, at $14,209 per mile. These bonds are
guaranteed, principal and interest, and have a sinking fund of 1 per
cent of whole issue annu 11 y, with which bonds are bought at 110
or, if
not offered, aie drawn at 105; also the bonds of Memphis Kansas A
Colorado RR., 26 miles, at $15,000 per mile, without sinking fund. The
equipment bonds may be paid off at 105 on 60 days’ notice.
The Kansas City Clinton A Springfield bonds are
guaranteed by Kans.
City Fort Scott A Gulf. (See V. 39, p. 234.)
Iu 1886 the K. C. C. A S. failed to earn its interest
by $52,000, which
advanced by this company, but the gross earnings ot tlie Kans. C.
Ft. S. A G. were increased $89,3 >4 by interchange of business with the
other road. The gross earnings from business interchanged with K. C.
8. A W. was $743,is2. ,
The annual report for 1886 was in V. 44, p. 432,
showing the following
earnings and income account for four years:
was
INCOME ACCOUNT.
1883.
Keceipls—
Total gross earns
Net earnings
...
$
2,016,212
837,668
$
2,422,443
837.668
1,042.145
Interest, Ac
Total income
IHsburscments—
Interest on bonds
Leased lines interest..
K. C. 8. & M. proport’n.
Ft. Scott equip, bonds.
-
1884.
1,014.750
27,395
$
$
173,203
184,003
166,081
204,123
25,099
76,212
102,661
1885.
$
2,546,525
988,218
988,218
$
162,546
213,078
109,625
116,951
1886.
$
2.539,338
1,063,811
-2,510
1,066,321
$
177,236
214,187
111,477
103,250
Total disbursements.
767,450
1,046,213
964,461
Balauoe
sur. 70,218
def. 4,068 sur.23,707
—(V. 44, p. 184, 432; V. 45, p. 613, 642 )
1,034,330
sur.31,991
Kansas
City Memphis Sc Birmingham.—Owns from Memphis
Birmingham, Ala., 251 miles; complete 1 in October, 1887. Three cor¬
porations in three States were consolidated under this name. Bonds for
$25,000 per mile are issued. The New England Trust Company is
rustee under the mortgage; abstract V.
45, p. 575.
The K. C.
Springfield A Memphis owns half the stock and gives a traffic guaran¬
tee of 10 per cent of gross earnings derived from business to and from
the new road, to be applied first to the payment of
any deficiency in the
interest, and second to ret-u e the bonds. The bonds may tie drawn or
bought at 110. (V. 43, p. 217; V. 44, p. 275 ; V. 45, p: 472, 575.)
Kansas City Springfield Sc
Memphis.—This organization em¬
braces two corporations under the laws ot Missouri and of Arkansas to
build a road from Springfield, Mo., to Memphis, Tenn., 282 miles.
Current River RR., from Willow Springs. Mo., to Cairo, 81 miles.
In
Nov., 1887. consolidation proposed with K. C. Ft. Scott A G. (See V. 45,
p. 643.)
The K. C. F. Scott A G. appropriates 15 per cent of gross earn¬
ings on'business to or from the new road to pay—first, any deficiency
in the interest on bonds, and second to retire the
principal at 110. Abstract of "mort gage (N. England Tr. Co., trustee), V. 45. p. 575.
Capi¬
tal stock, $5,264,500. The equipment bonds ai e retired 1-12
annually,
and all may be retired at 105 at anytime. The Current River RR. bonds
arc guaranteed and were issued as
per circular in V. 44, p. 246. The
report for 1886. in V. 44, p. 585, allowed gross earnings of $1,569,708,
and net, $480,709 ; also, $131,475 traffic guarantee received.
(V. 44, p.
246. 58 5 ; V. 45, p. 574, 613, 642.)
Kentucky Central Kali way.—Owns from Covington, Ky., to
Livingston Ky., 154 miles; Paris to Lexington, 19 miles; Paris, Ky.,
to Maysville. Ky., 49 miles; total owned, 220 miles; leases Richmond to
Rowland, 34 miles; total operated, 254 miles. This was formerly the
Kentucky Central Railroad, which was sold in foreclosure April 23,
1887, and tlie present company organized, with stock of $7,000,000.
See abstract of morrgage (Metropolitan Trust Co. of New York, Trustee),
V. 45, p. 3"2.
The Company leased of the Louisv. A Nashville RR. its
Richmond branch for 99 years from Jan. 1,1883. for $24,000
per an¬
num, with a right to purchase at any time for $400,000.
The Maysville
Division is leased for $28,000 per year, but the stock is all owned.
Annual charge for interest, rentals and taxes about $365,009.
From Januaiy 1 to Nov. 30, in 1887 (11 months) gross earnings were
$986,331. against $849,236in 1886 ; net, $423,897, against $312,192
to
INCOME ACCOUNT.
1884.
1885.
1886.
Total gross earnings
Net receipts
Disburse m e nts—
Rentals paid
Interest on debt
Taxes and miscellaneous
$922,107
$817,071
$920,698
$318,487
$309,621
$332,325
$62,074
$61,210
255,250
69,853
$55,045
Total disbursements
Balance
1 Interest not deducted.
$369,356
def. 50,869
256,880
50,402
33,529
$386,313
$88,574
def. 76,692 surt243,751
—(V. 43, p.634,746,774; V.44,p. 211,369, 551, 653
373.)
;
V. 45, p. 112,372,
Keokuk A: Des Moines.—Owns from Keokuk, la., to Des Moines,
la., 162 miles.
This
was
a
reorganization, Jan. 1, 1874, of the Des
Moines Valley Eastern Div., sold in foreclosure October 17. 1873.
The property was leased for 45 years from Oct. 1, 1878, to the
Chicago
Rock Island A Pac. RR. on the terms following : that the lessee pay 25 per
cent of the gross earnings to this company, but guarantee the interest
nor the principal) on the present bonds.
The stock is $1,524,600 of 8
percent preferred and $2,600,400 of common, a majority of which is
neld’by the lessee. Iu the year 1885-86 gross earnings were $458,050,
and rental, at 25 per cent, $114,512, leaving $22,987 deficit on theiuter-
est
charge paid by lessee.
Keokuk A: Western—Road owned from Alexandria, Mo., to Van
Wert, la., 143 miles; operates Keokuk to Alexandria, 5 miles: total,
148 miles; was formerly the Mo. Iowa A Neb., part of the Wabash
sys¬
tem sold in foreclosure Aug. 19, 1886, and reorganized under this
title. Stock $4,000,000.
A 6 per cent note secured by mortgage was
given, payable at will. - In Sept., 1887, tbe Centerville Moravia &
Albia road was leased.
From Dec. 1, 1886. (commencement of opera¬
tions under reorganization), to Oct. 31,1887 (10 mos.). gross earnings
were $29859 ; net earnings, $95,827.
F. T. Hughes, Pres’t, Keokuk,
la.; G. H. Candee, 52 William Street, N. Y., Vice-Pres’t. (V. 44, p. 808 ;
V. 45, p. 166, 304.)
Kings County Elevated.—Line of road on Fulton Street, Brook¬
lyn, to city limit-*, about 6 miles, of which 2 miles are built and remainder
in progress. After litigation, and a decision by Coart of
Appeals in
RAILROAD STOCKS AND BONDS
January, 1888. J
Subscribers will confer
a
great favor by giving Immediate notice of any error discovered in these Tables.
DESCRIPTION.
on
first page
of tables.
Lake Shore A Mich. Southern—(Continued)—
Consoi. 1st mort., (sink, fund, 1 per cent) coupon.
do
do
do
registered
do
do
do
Consol. 2d mort., do. (for $25,000,000) coup.A reg.
Lake Shore dividend bonds
3d mortgage (C., P. A A. RR.) registered bonds..
Buffalo A Erie, mortgage bonds
Det. Monroe & Tol., 1st mort., coup., guar
Kalamazoo & White Pigeon, 1st mortgage
Kalamazoo Allegan A Gr. Rapids, 1st mortgage...
Kal. Allegan A Gr. Rapids, stock, 6 p. c. guar
Jamestown & Franklin, 1st mortgage
Jamestown A Franklin, 2d mortgage
Mahoniiig Coal, pref. stock,
do
Lawrence—Stock
1st mortgage
guar.
1st mort. bonds guar..
Lehigh A Hudson River— 1st mortgage, gold
Warwick
do
Valley, 1st mortgage
2d mortgage
Lehigh A Lackawanna— 1st A 2d mortgages
Lehigh Valley—Stock ($100,300 is pref.)
1st mortgage, coupon and registered
2d mortgage, registered
Consol, mort., gold, $ & £ (s. fd. 2 p.c. y’ly) cp.& reg.
Easton A Amboy. 1st mort., guar.(for $6,000,000)
Delano Land Company bonds, endorsed
Little Miami- -Stk,com.,gu.8%,99yrs,Pitt.C.ASt.L.
Street con. 1st M. bds (jointly witliCiu.A Ind.RR.)
Renewal mortgage
Little Rock A Fort Smith— 1st M., landgr. sink. fd...
Miles
of
Road.
Date
of
Bonds
864
1870
1870
1870
1873
1869
1867
1868
1876
1869
864864
864
259
95
88
62
37
58
....
51
51
43
43
22
17
41
22
22
25
346
101
101«
232
60
....
193
....
84
165
133
1868
Size,
1,000 5 $15,091,000
1,600
849,000
1,000
24,692,000
1,000
1,356.000
1,000
920,000
500 Ac.
1,000
....
July 1, 1900
1 Q.-J.
J.
A.
A.
A.
A
A
A
A
F. A
J. A
J. A
A. A
J. A
J. A
J. A
J. A
D.
O.
O.
O.
A.
J.
J.
O.
J.
D.
J.
J.
July 1, 1900
are paid by
Treasur’r at Gr’nd
„
Y., and
registered^
*
50
314.000
1,000
800,000
7
6
6
6
7
F.
J.
A.
A.
J.
1*4
Philadelphia, Office.
J. A D. Reg.atoffice; op.B’kN.A
500 Ac.
1.000
145,000
240.000
1,000
600,000
50
33,112,800
5,000,000
....
1,000
1,000
1,000
14,044,000
6,000,000
1.345,000
4,837,300
250,000
1,500,000
2.314,500
3,250,000
1,000
50
....
1864
1882
1875
500 Ac.
1887
1,000
1,000
1,000
Lackawanna Sc Pittsburg.—A consolidation in April, 1883, of
the Allegany Central and the Lackawanna & Pittsburg. Road operated
from Lackawanna Junction, New York, to Perkinsville, 41 miles;
Swain’s to Nunda, 12 m.; Lack. June, to Ilornellsville, 12 m., and Olean
to Angelica, 39 m.—total, 104 miles. The last-named line is 3 ft.
gauge
and the others standard gauge. Stock $5,000,000, of which
$1,500,000
is preferred. In 1884 Company became embarrassed and in Dec., 1884,
a receiver was appointed.
A plan of reorganization has been agreed
upon and securities are being deposited with Mercantile Trust Co.
Earnings in 1885-6, $ .0,943; deficit, $17,859. Geo. D. Chapman, Presi¬
dent and Receiver, 48 Wall Street, New Yrork.
Lake Erie Alliance Sc Southern.—Owns from
Bergliolz, O., to
Formerly Cleveland Youngstown A Pittsburg,
Phalanx, O., 60 miles.
sold in foreclosure Dec., 1886, in the interest of the bondholders and
reorganized Jan., 1887, under above name. It is proposed to extend the
road South to Steubenville and North to Fairport, on Lake Erie.
Office
of the Company, Alliance, O.
Lake Erie Sc Western Railroad.—(See Map)—Owns from San¬
dusky, 0.,‘to Peoria, Ill., and branch to Minster, 430 miles, and from
Indianapolis to Michigan City, 162 miles; total, 592 miles. This is the
new company formed in 1887 alter foreclomre
(on Dec. 14, 1886,) of
the Lake Eiie& Wesrern railway, which had been made up
by a con¬
solidation, Dec. 12,1879, of the Lafayette Bloomington A Muncie and
the Lake Erie A Western. This company in March, J887, purchased
the
■Indianapolis Peru A Chic, road, 162 miles (formerly part of Wabash).
The capitalization is at the rate of $10,000 per mile ol bonds, and
$20,000 in common and $20,000 in preferred stock per mile.
Abstract of mortgage (Central Trust Co. and A. L. Munson, trustees),
in V. 46, p. 45.
Range of stock prices since reorganization lias been as follows: Com¬
mon in 1887,13®24ls; iu 1838 to Jan. 20,
inclusive, 15® 157s. Preferred
in 1887, 39%®61; in 1888 to Jan. 20, inclusive, 44®47.
From Feb. 1 to Oct. 31 (9 mos.) in 1887, gross earnings were
$1,-
564,789, against $1,350,471 in 1886; net, $653,475, against $303,310.
C. S. Brice, New York, President.
—(V. 44. p. 22,90,118, 211,401, 527. 553,808; V. 45, p. 572; V. 46, p.
45.)
Lake Shore Sc Michigan Southern.—Line of Road—Buf¬
falo, N. Y.,to Chicago, Ill., 540 miles; branches owned, 324 miles. Other
lines owned as follows: Detroit Mon. A Toledo, 62
miles; Kalamazoo A
WhitePigeou, 37 miles; Northern Central (Mich.), 61 miles; total, 160
Pittsburg Office.
Jan. 2, 1888
A. N. Y.. Winslow. L. A Co.
J.
N. Y. Nat. Ex Bank.
O.
do
do
do
O.
do
D.
Philadelphia.
Aug., 1895
July 1, 1911
1899
1911
Dec. 1, 1907
Q.-J.
Jan. 16. 1888
June, 1898
Sept., 1910
1898 A 1923
1920
Jan., 1892
Dec., 1887
1894
Nov. 2, 1912
Jan. 1, 1905
Sept. 1, 1937
classes outstanding are given less the amounts held in the
sinking
funds, which amounted to $4,009,000 Dec. 31, 1886.
Operations, Finances. Ac.—The annual reports of this company are
models of clearness in all the statistical matter. The road is
greatly
dependent
on through traffic, or traffic from competitive points, and Its
business is injured by any cutting of rates.
In 1882, 140,500 shares
preferred stock and 124,800 shares of com¬
stock of the New York
Chicago A St. Louis Railroad (a con¬
trolling interest) were purchased and $6,500,000 of Lake S. A Mich.
S. 2d consol,
mortgage bonds issued to pay for it, making an interest
mon
charge of $456,890 per annum.
In 1886 the company sold $949,000 first consolidated
mortgage
bonds to redeem old bonds
falling due, and this :ot of the consols bear
only 5 per cent interest and may be redeemed by instalments on Oct.
1 each year till 1890.
For the .year 1887 the
preliminary report (December partly estimated)
was as folloNvs:
1886.
1887.
Gross earnings
$18,675,464
$15,859,455
Operating expenses and taxes
10,991,267
9,731,622
Per emt of expenses to
earnings
(58*85)
(61*36)
$7,684,197
3,660,000
$6,127,833
3,712,978
-.
Net earnings...
Interest, rentals Ac
Surplus net income
$4,024,197
$2,414,855
Equals per share
$8-13
$4-88
Out of surplus earnings of 1887 wTere paid $262,000 assessment on
Nickel-Plate stock, $250,000 sinking fund, $387,000 on Kal. A W. P.
bonds and construction of Sharon Biancli—total, $899,450.
The annual report for 1886 was published in V. 44, p. 583. containing
the tables below, showing the earnings and income account for a series
of years:
operations and fiscal results.
1883.
Miles operated
1,340
1884.
1,340
1885.
1886.
1,340
1,340
Operations—
Pass’germileage.... 215,715,155 190,503,852 176,830.309 191,593,135
2-196 cts.
2*170 cts.
2-058 cts.
2-098 cts.
Fr’glit (t’ns) mileage * 1,699,512 *1,410,545 * 1,602,567 * 1,592,044
Av. rate p. ton p. m.
0-728 cts.
0 652 cts.
0-553 cts.
0-639 cts.
Earnings—
$
$
-$
#
Passenger
4,736,088
4,133,729
3,639,375
4,020,550
Freight
9,358,817
12,480,094
9,031,417 10,329,625
Mail, exp., rents, Ac.
1,351,038
1,297,474
1,462,713
1,509,280
Rate p. pass. p. mile
Total gross earnings
Operating ExpensesMamt’ce of
way, Ac.
equipment.
Transport’n exp’nses
Maint. of
miles. Roans leased are as follows: Kalamazoo
Allegan & Gr. Rapids,
58 miles; Jamestown A Franklin, 51 miles; Mahoning Coal R., 43 miles ;
Detroit Hills. & Southwest., 65 miles; Fort Wayne & Jackson, 98
Taxes
Organization, Ac.—1This company was a consolidation of the Lake
Michigan Southern & North. Indiana RR. Mav 27, 1869,
and the BuffaloA Erie RR. August 16, 1869. The consolidated line em¬
Total
Net earnings
P.c.of op.ex.to ear’gs
miles;
A
A
A
A
A
N. Y. Union Tr. Co.
do
do
6
7
M. A 8.
Philadelphia, Office.
6
•, J. A D.
do
do
5
M. A N.
do
do
7
J. A J.
do
do
2
Cincinnati.
Q.-M.
6
J. A J. Cinn., Lafayetto Bank.
5
M. A N. N. Y.. Bank of America.
7
I. A J.
N.Y., Mercantile Co.
5 g. M. A S.
New York.
6.000.000
1,000
Q.- J.
1899
1892
1898
1900
1890
1888
Oct. 1, 1887
Var.to J’ly,’97
June 1, 1894
Jan. 1, 1888
July 1, 1934
Oct.
interest by Union
Trust Company.
1,000
2
April 1,
1,
April 1,
Aug. 1,
Jan. 1,
July 1,
Central Depot, N.
5
2*z
1887 to 1890
Deo. 1, 1903
Coupons
372,610
Kingston Sc Pembroke,—Owns from Kingston, Ontario, Canada,
on the Canadian Pacific RR., 101 miles;
branches, 30 miles;
Bonds are redeemable on notice at 105
total, 134 miles
Offered in
Newr York, in 1887 by R P. Flower & Co. Stock, $4,500,000; par $50.
Gross earnings, 1886, $148,563; net, $48,348; fixed charges, $34,320;
surplus, *14,028.
See full statement in V. 44, p. 402.
( V. 44, p. 392,
401, 402.)
Miscellaneous t
14,843,584
$
1,532,252
1,111,329
5,380,166
521,543
588,231
14,133,505
$
1,614,777
1,3 47,379
5,277,444
518,668
529,269
15,859,455
$
2,044,044
1,340,291
5,192,943
11,001,853
7,511,803
9,133,521
9,287,537
4,845,968
9,731,622
5,710,063
59-43
61-53
65-71
18,513,656
$
2,095,492
990,907
6,592,742
530,236
792,476
485,946
668,398
Total road owned, leased and operated, 1,340 miles.
Shore RR. and
braces the former roads of the Cleveland A Toledo and the Cleveland
Painesville A Ashtabula railroads.
The stocks of some of the railroads
which entered into the consolidation forming the Lake Shore A
Michigan
Southern road had neen largely increased by stock distributions, and on
the lines between Buffalo and Toledo the
capital of several of the
companies had been several times increased.
The roads leased
at fixed rentals are the Kal. Allegan A Grand Rapids, Jamestown
A Fjanklin and Mahoning Coal".
The Detroit
Monroe A
Tol.
Kalamazoo A White Pigeon and the Northern Cenlral of
Michigan, are
proprietary road* coni rolled by ownership of their stock. The Mahon¬
ing Coal RR. is leased and its stock and bonds guaranteed. The New
York Chicago A St. Louis road is controlled by ownership of stock. The
Chicago A Canada Southern is also operated by the Lake Shore A Michi¬
South.
8tocks and Bonds.—The guaranteed stock of $533,500 carries 10
per
cent dividends. The ordinary stock lias paid the following dividends
since 1870, viz.: In 1871,8; in 1872,8; in 1873,4; in 1874, 34*; in
1875,2; in 1876, 314; in 1877, 2; iu 1878, 4; in 1879, 6^; in 1880,
1881,1882 and 1883, 8 per cent each year; in ’84,7; in ’85 and ’86, nil;
in ’87, 4 per cent.
The range in prices of stock since 1870 has been: In
1871, 85*i2'a)116*4:
1872,
1873, 57^®97%; 1874, 6778®845s; 1875, 51W
80^; 1876, 48%®685s; 1877, 45®733s; 1878, 578®715s: 1879, 67®
108; 1880, 95©139^; 1881, 11238®135% ; 1882, 98® I20ie; in 1883,
925t®1147e; in 1884, 59^®104^; in 1885, 503*®8978; in 1886, 76*8
-©lOO^; in 1887, 89®983t; in 1888 to Jan. 20, inclusive, 92*fl®923|.
The first consolidated mortgage bonds are redeemed each year by
$250,000 contributed to the sinking fund. The above bonds of all
C J.AJ.
1,500,000
500,000
....
Stocks—Last
Dividend.
Whom.
50
to Renfrew
gan
Where Payable, and by
1.000
....
1868
1870
1873
1880
1872
Payable
5
7
7
7
7
7
7
8
3
7
7
610,000
298,000
500,000
1,000
When
7
2,784,000
924,000
400,000
840,000
1,000
1,000
1.000
1865
1881
1879
1381
1877
Outstanding
Rate per
Cent.
$1000 )
....
1894
Amount
Value.
1863
1869
Bonds—Prinoi*
pal,When Due.
INTEREST OR DIVIDENDS.
or
Par
favor, the work went on, and bonds were offered for sale by Vcrmilye
& Co. in Julv, 1887. Stock paid in, $1,000,000. President, Jas. Jourdan ; Treasurer, Jas. H. Frothingham.
(V. 44, p. 421; V. 45, p. 25, 600;
V. 46, p. 93.)
total, 315 miles.
61
*
Three
ciphers omitted.
f Includes damage and loss ot freight and bag gage,
law expenses, rents payable and hire of cars.
6,127,833
61-36
personal injuries,
INCOME ACCOUNT.
1883.
1884./
Receipts—
$
$
Net earnings
7,511,803
5,710,063
1
Interest, divid’s, Ac.
Total income....
Disbursements—
Rentals paid
Interest on debt
Dividends
Total disbursem’ts
1 nvid ends
Rate of dividends...
Balance
*
1886.
$
4,845,968
6,127,833
4,845,968
6,238,585
.$
110,752
*
7,670,343
471,876
3,132,120
53,350
5,710,063
446,450
439,168
443,900
3,220,870
53,350
3,374,938
3,326,480
Sinking fund
Surplus for div’d....
18S5.
3,657,346
4,012,997
3,957,320
(8)
sur
3,720,670
1,989,393
53,350
53,350
250,000
250,000
4,117,456
728,512
4,073,730
2,164,855
989,330
(2)
2,473,325
(5)
55,677 def. 483,932 sur. 728,512
From this surplus, $292,522 was
[mchers. Ac., at end of 1885.
.
sr*l,175,525
applied to reduction of pay-rolls,
Subscribers will confer a great
favor by giving
DESCRIPTION.
f
o
qp«
notes
1
Miles
Date
of
of
immediate notice ot any error
■
of tables.
Road.
,
Indiana Bloomington X Went.—1st, prof.,
1 ht mortgage, coup., may lie nv.
Consol. income bond* for $<{,000,000
2d mortgage, coupon or reg
1st inortgage, gold, Eastern Division
Sinking fund debentures
Indiana Iltmois X /ohm- Bond*,
2d mortgage, reg
...
Iiidianapotis X St Louts—1st mort.,
Mort for $'2,000,000.
op. or leg.
Bond*-
;
8p. l.-q.go’.d
■'
. A 1-j.
guar
2d mort
1
Junction
(Philadelphia).—let mort.
2d mortgage
Kanawha X Ohio— 1st mort. <$10,000 p. m.)
Kansas Central— 1st mortgage (for $3,200.000)
For 1886 the annual report was in V. 44, p.
the whole line are shown in the figures below :
INCOME ACCOUNT.
1883.
R’d
operat’d Doc. 31.
Receipts—
Gross earnings......
Net earnings
Interest, Ac
Miscellaneous
Total
Disbursements—
Rentals, incl. int. on
bds. of leased lines.
Int. on Ill. C. debt...
Div’dsonlll. C.stk. A
leased line certs
...
Taxes
Construction acc’ts.
Add’t’l equip, aoe’t..
Miscellaneous
1884.
O
1882.
117
1867
1870
164
184
38 Lj
1869
1876
9
-
by M. C. !
(extended)
1869
130 L>
1
Jersey City X Bergen -let mortgage
Joliet X Northern Indiana—let mort.,guar,
1881
1 MM3
1882
1883
1876
1 mh7
1888
54
112
110
2d morts. (Hawley Branch)..
let mortgage (Susquehanna to Carbondale)
Jet Tersonville Madison X Indianapolis—Stock
Jeff., Mad. A Iud., let M. (e. f. $i5,00o per year).
do
1 10
1.000
5(H) Ac.
1 ,<HM>
38
222
159
159
6
44
|
3-6
!
3-6
115
168
i
5(H) Ac.
1879
38^
Jefferson (Pa.)—1st A
do
1881
117
2d mortgage, guaranteed l’enn. Co..
Iowa bulls X Sioux City—Stock
lut mortgage. April 1. ’69
Ithaca Auburn X West.—1st mort.(for $500.000)—
2d mortgage. (income lor 3 yearn)
Jacksonville Southeastern—l*t mortgage
General mortgage
Jacksonville Tampa X Key West—lst.gold.rcd.at
$100Ac.
—
gold. tend. by C. <’. <
Indiana/tolls X Vincennes— 1 *d mortgage,
1879
1 879
72
in 3 scries.
j Value.
202
202
312
202
120
120
153
extended
Indianapolis Decatur X HY*vr/i —1.1).A
1st molt., Cold
2d mortgage
■
ttfbt page
i
1 .OOO
1.800.000
,
1866
1870
1873
1877
1882
1865
1886
1881
500 Ac.
10O Ac.
100 AC.
1,000
1,000
r*
/
6 g.
7
6
1 ^
2,000,000
2,000,000
1,000
2,363,000
1,995,000
1^
300.000
1,028
2,066
2,066
$
$
$
13,064,743 12,190,833 12,621,264
6,629,472
6,062,321 5,994,635
298,009
188,967
270,627
202,228
121,206
65,966
7,129,707
6,372,494
6,331,228
1,891,538
533,750
1,787,316
546,900
1,901,038
544,400
3,300,000
559,980
632,529
2,720,000
556,074
518.859
50,000
2,720,000
545,269
219,943
250,000
165,138
6,972,797
6,234,566
6,331,178
60,807
1886.
2,149
$
12,529,494
5,988,790
313,343
102,121
6,404,251
Stocks— Laet
Dividend
!
258,000 !
425,000
;
'
300.000
|
800,000
727,000
1,34 8.000
M. A
7
7
6
6
6 g.
A 7
7
J.
J.
J.
J.
J.
J.
J.
A
A
A
A
A
A
A
Boston, lit Office.
Bank
1>. N.Y., HuuovcrNat. Bk
do
do
J.
J. ,N. Y. Am.Ex.Bk. A Phil a
do
J.i
do
J. N. Y. Moreau. Trust Co.
J.iN.Y .N.Y.L. E.AW RR.
do
do
J.'
N. Y., Nat. Park
q.—V. IN. Y., Farm. L. A T. Co.
A. A O
A J.i
J.
J.
J.
J.
A
J.
A.
4*fl
6
1
6
6
do
do
do
do
A J.i
A J.jN. Y., Farm. L. A T. Co.
A J. Phila., 233 So. 4th St.
A O.j
do
do
A J. 1st coup, due Jan.,’89
A O.! Office, 195 Broadway.
Of the first mortgage bonds
S.; series “C,” M. A N.; and
There
July 1, 188 7
paid June, 18 86
A.I
i/. — M.
A. A o.
7
7
7
7
i
paid
Stock, $500,000.
Jan.
1,
1900
coup.paid Apr./aO April 1, 1909
O.j Last paid April, 1886
I).
Last
7
1^
$750,000 of them.
1885.
Payable, and by
N N Y .I.uckwM Bros All
N.'
None paid.
N Y.. 1st Nat. Hi.Ilk
O
O.
Now \ ork. office.
J.
do
do
Various S. Y., Union True , Co.
M. A N
N. Y.. U. H. Trust Co.
F. A A N. Y., Farm. L. A T. Co
do
M.A N.
do
7 g.
5
:>
500.000
1 .700.000
1.150,000
4.600,000
2.800.000
400.000
498,090
300.000
879.000
mum.
A
A
A
A
A
A. A
A
A
J. A
6
.0
1.000
100
307, 310. The pro tits of
A.
J.
F.
M.
M.
6
2,<mh>.ooo
1.566,000
1.000
pal,When Due.
W’’<q,L
J. A J. Last
A. A O. Last
1
7
to 6
6
to 6
6 g.
6
<f.
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
5
3.(M)0.(MMI
(>00.000
3 11 .OOO
1.000
5
3.500,000
4,68.8,000
1.500,000 1
500
100
1877
1880
1882
1884
1867
1869
$1,000,000
j
1 ,ooo
l .OOO
5(H» Ac.
| Where
I’uj’wic
Otau.
,
Bo tuts— Princi¬
DIVIDENDS.
-
500,000
1.000
1 ,(MM l
!
When
per
par
5881
on
discovered In these Tables.
INTEREST OR
1
1 Size or
1
59
BONDS.
AND
STOCKS
RAILROAD
January, 1888.]
July 1, 1921
April 1, 1909
June
1, 1921
1903
At a ill.
Nov. 15, 1903
July
1.
190(1
1947
1948
July 1. 1919
Nov. 1, 1912
Fell.
1, 1908
Mav 1. 1900
Sept. l,lrto7
Oct. 1. 1917
Dec.. 1906
Jan. 1, 1907
July 1, 1910
July 1, 1912
Jan. 1, 1914
1889 A 1927
Jan.
1,
1889
May, 1881
Oct.
1, 1906
July 1, 1910
Jan. 1, 1903
July 10, 1907
July 1. 1907
April 1, 1900
Jan. 1, 1936
April 1, 191 1
series “A” are J. A J.; series “B,'
the C. C. C. A I. RR. guarantee®
deficit on the company’s operations after de¬
Net earnings in 1886 were $444,513; rental paid,
has been a large
ducting the rental.
$450,000; interest on bonds. $170,000; miscellaneous, $149,512 ; total,
$769,512; net loss to lessee in 1886, $324,999; deficit in 1885, $560,~
951. The road is only incidentally of advantage to its owners as a
route to St. Louis. Operations and earnings for three years past were :
Passenge
Freight (ton)
Gross
Net
*
Years.
Miles.
Mileage.
265 * 22,194.880
265 20,596.678
265 21,017,157
Mileage.
Earnings.
Earnings.
207,672,278 $1,921,726 $L89,904
216,121,867
1,855,903
249,249
177,844,516 1,876,495
444,513
Indianapolis Sc Vincennes. -Owns from Indianapolis, Ind.
to Vincennes, Ind., 117 miles; branch, Bushrod to Dugger, 12 miles;
total, 129 miles. The Penu. Co. owns a controlling interest in the stock
and operates the road, advancing the deficiency to pay interest on the
bonds. The capital stock is $1,402,000; the debt due to Penn. Co. Deo.
31, 1886, was $1,513,007. In 1881 the net earnings were $10,260; in
1882, $19,850; in 1883, deficit, $11,031; in 1884, deficit, $9,570; in
1885, deficit, $5,847; in 1886, surplus, $26,298. Annual interest on
1,875,073
776,760
2,430,000
575,459
615,926
122,443
6,395,661
debt, $206,000.
Iowa Falls Sc Sioux City— (See Map of Illinois Central).—Owns
156,910
8,593- from Iowa Falls, la., to Sioux City, la., 184 miles. This road was opened
137,928
50
in 1870 and was leased to the Illinois Central for 20 years from Oct. 1,
—(V. 43. p. 190, 245. 607. 671; V. 44, p. 118, 149, 275, 291, 307, 310
1867, at a rental of 36 percent of the gross earnings. The Illinois
343, 494, 526. 539, 653. 808 ; V. 45, p. 142, 509. >
Central had an option of continuing the lease after 1887 at same rental,
Illinois (k St. Louis.—Belleville to East St. Louis, Ill., 15 miles
branches to coal mines, 4 miles; total, 19 miles.
Leases Venice A Caron. hut acquired the property by purchase m the stock, and the Iowa
RR., 6 miles, and guarantees the bonds. Capital stock of Ill. a St. Louis Falls A Sioux City distributed to the stockholders, assets amounting to
is $900,000 preferred and $617,000 common.
In year ending June 30, $1,759,501'. For the eleven mouths ending Feb. 28, 1887, the total
1887, gross earnings were $204,406; net. $98,247; surplus over all in¬ rental was $213,998; receipts from sales of lands, $326,316; the total
terest, $48,984 ; in 1385-6 gross were $222,975; net, $38,667; surplus net income was $769,604, and all expenses, including dividends, $610,106; balance. $159,498. The contingent fund invested was $1,450,000.
over all interest, $33,751.
Jos. W. Branch, President, St. Louis.
Horace Williams, President. Clinton, la.
(V. 43, p. 607; V. 44, p. 439.)
Total
Balance, surplus
Indiana Bloomington Sc Western.—Owns from Indianapolis,
Ind., to Pekin, Ill., 202 miles, and Indianapolis to Springfield,
Ohio, 142 miles. Leased, Pekin to Peoria, 9 miles; Springfield to San¬
dusky, O., 130 miles; Cary, O., to Fmdlay, O., 16 miles; Springfield to
Columbus, 45 miles. Total operated, 543 miles. This was a consolida¬
tion in March, 1881, of the Ind. B. A W. and the Ohio Ind. A Pacific.
Western.—Owns from Freeville to Auburn,
York A Oswego Midland RR., Western Exten¬
sion, was sold in foreclosure, and this company organized Sept. 20,
1876. The stock is $975,800. On April 1, 1883, was leased to South¬
ern Central of New York for the term of its charter, at a rental of 33*3
The Cincinnati Sandusky A Cleveland and branch was leased in April, per cent of gross earnings, with guarantee that rental shall equal 4 per
1881; but of this, 24 miles (Springfield, O., to Dayton) is leased to Cin¬ cent on firo-t mortgage bonds. In Nov.. 1886, leased to Lehigh Valley
cinnati A Springfield. The former Indianapolis Bloomington A Western RR. with So. Central. Foreclosure has been consented to by a majority
Company defaulted Oct. 1, 1874, and the road was sold, in foreclosure of bondholders in order to change the form of bonds to conform to the
Oct. 30, 1878. The stock is $10,000,000 and there are also $72,300 terms of the lease.
registered income bonds.
Jacksonville Southeastern.—Owns from Jacksonville to Cent
In July, 1886, a receiver was appointed for the I. P. AW., and in
ralia, 111., 112 miles. This was the Jacksonville Northwestern & South¬
Nov., 1886, a circular was issued proposing a plan of foreclosure and eastern RR., projected from Jacksonville to Mt. Vernon, 125 miles. Bonds
reorganization. (See V. 43. p. 579.) On March 23. 1887, the road was were issued at $20,000 per mile, amounting to $600,000. In 1879 the
sold at Indianapolis and wi 11 be reorganized pursuant to the plan, hut
company was reorganized by the bondholders under this name. Stock
reorganization has been delayed by legal formalities.
$1,000,000. In year ending June 30, 1885 gross earnings were $158,For the year ending June 30, 1886, seeieport in V. 43, p. 546, gross
Gross
703; net, $45,304; interest on bonds, $61,390: def.. $16,085.
earnings $2,493,536; net, $839,783; disbursements. $919,497; deficit, in 1885-6, $162,151; net, $57,780; interest on bonds, $70,242 ; deficit,
$79,714.—(V. 43, p. 23. 49. 102, 132, 216, 309, 398,458,515. 546. I $12,463. W. 8. Hook, Presid’t. Jacksonville. III.
579, 634; V. 44, p. 90, 184. 211. 434; V. 45, p. 369, 401, 672; V. 46, p.
Jacksonville Tampa Sc Key West.—(Sec map)—Line of road
102.)
Jacksonville, Fla., to Saniord, 126 in.; Enterprise branch, 41am. Deland
Indiana Illinois Sc Iowa.—Completed and in operation from
branch, 4m. Leased At. Coast St. Johns >vl. R., Enterprise to Titus¬
Streator, III., to Knox, Ind., 120 miles.
Stock, $3,598.00O. Holders ville, 37 m.; operates Jacksonv. St. Aug. A Halifax, 37 m.; Sauford A
moit.
bonds
agreed
an
extension,
subject
to
of first
due Nov., \87.
to
call. Lake Eustis KR., Sanford to Tavares, 2Sui.; total operated, 237 ** in.
In year ending June 30, 1887, gross earnings were $188,701: net,
This road forms a link in the Atlantic Coast line ruuniug from Jackson¬
$42,893; sin plus over charges and improvements. $1,052. Gross in ville to Sauford. Florida, and via South Florida roal to Tarupu, whence
1885-6, $123,089 ; net, $22,568. F. M. Drake, President, Centreville, la
steamers run to Havana.
(See full statement as to location, etc., in
Indianapolis Decatur &lAVestern.—Owns from Indianapolis, Chronicle V. 44, p. *81.) The road was opened March, 1886, and in
Ind.. to Decatur, III., 153 miles.
This company is successor to the the year ending April 39, 1887, tin*, gross earnings on main line, 13Ota
Indianapolis Decatur A Springfield RR.. sold in foreclosure Mav 25. mile*, were $422,333 ; net, $124,414. The land grant is about 1,500,1887. The foreclosure sale was made in New York under the 2d mort.. "OOO acres. The bonds may be redeemed before maturity at 110. Stock
and the old stock was assessed $2 50 per share. The new capital stock is $2,600,000. N. Y. ofiico, 10 Wall St. (V.44,p. 681; V. 45, p. 25,53.)
is $1,000,000.
It is proposed by this Co. to issue a new consol mor.
Jefferson.—Owns from Susquehanna Depot, Pa., to Carbondale, Pa.,
for $1,942,000, enough of this to* he reserved to retire the old I. D. A 8.
miles; branch, Hawley, Pa., to Honesdale, Pa., 8 miles; total, 45
bonds as permits sinking fund provision of $40,000 per annum.
Also 37
miles. Leased in perpetuity to the Erie Railway for $140,000 per
$1,400,000 2d mort. 5s to be income bonds for five years, interest pay¬ annum, and now operated by the N. Y. Lake Erie A West. Capital
able only if earned, hut non-cumulative. Also iiicome bonds, nou- stock. $2,096,050.
Samuel Hines, President. Scranton. Pa.
cumulative, for $795,000.
In Jan.. 1888, it was reported as \ robably
Jeffersonville Madison Sc Indianapolis.—(See Mop of Penn¬
passing to the Evansville svnrlica*e (see V. 46. p. 38).—(V. 44, p. 184, sylvania /(/(JOwns from Jeffersonville, Ind., to Indianapolis, Iud., 108
211, 362, 682; V. 45, p. 239, 272, 856, 886; V. 46, p. 38.)
miles; branches—Madison, Ind., to Columbus. Ind., 45 miles; Colum¬
Indianapolis Sc St. Louis.—Owns from Indianapolis to Terre bus, Ind., to Sheibyville, Ind., 24 miles; Jeffersonville, Ind., to New
Haute, Ind., 72 miles; leased line, St. L. Al. A T. H. and branches, Albany, Ind., 6 miles; Shelby A Rush RR., 18 miles; Cambridge Ex¬
193 miles; total operated. 265 miles. The old lease of the St. Louis tension, 21 miles; total operated, 222 miles. The road was leased to
A. A T. H. was guaranteed by three other companies, and suit has heeD
Pennsvlvania Company from 1873. with a guarantee of interest on
pending as to the rental. The company was formerly controlled by bonds" and 7 per cent on stock. Lease was modified from January 1,
the
Pennsylvania and Cleveland Columbus Cin. A Ind. companies, 1880, the lessees to pay over all the net earnings of the J. M. A I.
who jointly owned the stock of $600,000.
Interest had not been Co. The Pennsylvania Company owns $1,981,000 of the stock. Divi¬
paid on the second mortgage and equipment bonds since July, 1878, dends were at the rate of 7 per cent per annum till May, 1880. Earn¬
and on July 28, 1832, the road was sold in foreclosure for $1,396,000 ings for two years past were as follows: 1886, gross earnings, $1,319,(subject to 1st mort.) and bought for Clev. Col. Cin. A Ind. Co. and a 244; net, $357,775. 1885, gross earnings, $L,217,088; net, $291,166.
new company organized September,
1882. Mr. J. D. Layng is the
Jersey City Sc Bergen.—Owns from Jersey City to Bergen Point,
President,. A new lease was made of the St. Louis Alton A Terre Haute
N. J., 6 miles.
In 1885 gross earnings, $362,972; net, $115,377; int.,
by which this company and the Cleveland Columbus Cincinnati A In- dividend and sink’g fund, $55,000. In 1886, gross, $411,062; net.
d anapolis are jointly liable for the rent of $450,000 per year as a mini.
Ithaca Auburn
N. Y.,
'
Sc
38 miles. The New
IN VrEST0KS’
60
Subscribers will confer
a
explanation of column headings, Ac.,
on first page of tables.
Miles
of
see notes
Road.
Kansas CJity Belt—1st mort., coup, (for $2,500,000)
Kansas City Clinton <£ Spring. 1st M., gold, guar...
Pleasant Hill A De Soto, 1st mort., gold
Kansas City Fort Scott <£• Gulf— Stock, common
Stock, preferred
1st M., land arrant, sink fund
c*
Mort. on branches, guar, (diawn at 110, flatL.c *
do
[VOL. XLVI.
great favor by giving Immediate notice of any error discovered In tliese Tables.
DESCRIPTION.
For
SUPPLEMENT
Kan A Mo. RR.
Equipment bonds ($70,000 retired annually)
Ten-year coupon notes
Kans.'C. Mcm.d Birm.—IstM. (drawn at 110)..c*
Kan. C. Sprint/. d Mem.—1st M (drawn at 110).c *
Plain bonds (red’ble at will at 105 and int.), guar
Memphis equipment bonds (guar.by K. C. S.A M.)
Current River RR., Is* mort., guar
Kentucky Central—Covington A Lex.,mort.,extend
Maysville Division mortgage
New mortgage, gold
c *
Keokuk <6 Des Moines—1st M.,int. guar. C. R. I. A P.
Keokuk d Western—'Sole, secured by mortgage
Kings County Elevated—1st mortgage, gold
c*
10
174
45
3N9
389
160
202
26
Date
of
Bonds
Size,
1886
1885
1877
$1,000
....
....
81
80
-19
220
162
143
Allegany Cent., 1st mort., gold, payable at 105...
62
62
Rate per
Cent.
1,000
$1,000,000
3,192,000
6
5 g-
500
58.000
I*'
....
Income bonds
....
1887
1883
1884
1885
1887
1855
....
100 Ac.
1,000
1,000
....
320.000
1,000
1,000
5,709,000
6,971,000
509,000
....
423,000
1,620,<>00
....
1,000
1.000
219,000
400,000
....
1887
1878
1885
1882
1,000
250,000
1*600
1,350,000
1,000
572,000
.c0‘>
5.92
1,340
....
1887
*ioo
281,000
59,000
36,000
(0
11,840.000
100
11,840,000
1,000
5,920,000
49,198,400
1,000
....
500 Ac.
100
100
$102,384. Stock, $500,000. Dividends 7 per cent in 1836. C. B. Thurs¬
ton, President, Jersey City.
Joliet Ac Northern Indiana.—Owns from Joliet, Ill., to Lake
Station, Ind., 45 miles. Operated as part of the Michigan Central
mainline. Road opened in 1854 and leased to the Mich. Cent. Above
bonds definitely guaranteed were issued as a compromise in place of
old 3 per cent bonds. Stock ($300,000) carries dividends of 8 per cent
per annum.
(Philadelphia).—Owns from Belmont, Pa., to Gray’s
Ferrv, Pa., about 4 miles
It connects the Pennsylvania, the Phila¬
delphia & Reading and the Philadelphia Wilmington & Baltimore rail¬
roads, coming into Philadelphia. Capital stock, $250,000. Net earn¬
ings in 1832-3, $123,910; in 1883-4, $130,731; in 1884-5, $95,865; in
1885-6, $131,212. Large dividends are paid according to receipts each
year.
In 1884 paid 40 per cent, in 1885 20 per cent, in 1886 30 per
cent, and April, 18 87, 25 per cent.
Junction
Kanawha Ac Ohio.—Corning, Ohio, to Charleston, W. Va., 115
miles, and to be extended to a point in Fayette Co., W. Va., in all 180
miles. The Ohio Cent. Riv. Div. defaulted on interest Sept,’S3, and
was sold Oct. 22, ’85; and this company organized and above bonds
issued. Bonds and stock of old company were assessed. (See plan, V.
40. p. 356.)
$200,000 of the total of $1,800,000 1st mort. bonds are re¬
served to rot ire i lie loan on the Point Pleasant Bridge, aud $111,(00 to
retire the Ohio Cent. Mineral Div. bonds.
Common stock author¬
ized $2,200,000; lstpref., $6,000,000; 2d pref., $4,000,000. Oliice, 2
Wall st.. New York.
Nelson Robinson, President. (V. 43, p. 132 ; V.
45,
p. 135.)
Kansas Central.—Owns from Chic. R. T. A Pac. June, to Milton,
vale, 166 miles: leased Leavenworth to Chic. R. I. A Par. June,, 1 mile;
Sold under foreclosure of first mortgage April 14, 1879.
Reorganized
April, 1879; on April 1, 1887. dcfuuit. was made. Gross earnings in
1885. $268,059; def. $46,575; del', under interest, Ac., $127,455. Gr'ss
earnings in 188 6, $217,673, def., $76,047; def. under interest, Ac.,
$159,404. Stock, $1,348,000. Union Pacific holds $1,313,400 of the
Stock and $1,325,000 bonds.
(V. 44, p. 494 ; V. 45, p. 53.)
Kansas City Hell.—From Argentine to Washington Park. 10
milef*. Stock is $'.00.0.0. Owned one-half by Atchison Topeka A Santa
Fe, and one-quarter each by Kans. City Ft. Scott-A Gulf and elite. MilA St. Paul. Double-tracked and used for a terminal road at Kans. Ci(y.
Kansas City Clinton &; Springfield.—Owns from Cedar June..
Kan., to Ash Grove, Mo., 164 miles, and branch Raynor Junction tor
Pleasant Hill, Mo., 10 miles; total, 174 miles. Road was built in the
interest of K. C. Ft. 8. A G. RH., which company guarantees the bonds.
In Jan., 1885, the Pleasant Hill A He Soto road, 4b miles, was purchased
from Atoh. Top. A S. Fe lilt., the K. C. C. A 8. Co. assuming the bonds.
Stock authorized, $2,500,000: issued, $1,775,4no, of which a majority
is owned by the Kansas City Fort Scott A Gulf RR.
Kansas City Fort Scott Ac
Gulf.—Mileage is as follows:
Main line—Kansas City to Baxter Springs, 160 miles; branches—Weir
5
5 A 6
7
4 g5
6
5 g.
6
1,642,000
800,000
....
59°
6,037,000
2,750,009
100 Ac.
....
....
1883
1881
1882
1882
4
7
7
5
6
6
5
6
6
6
2,750,000
2,217,000
2,795,000
390,000
490,000
....
1879
’80-’84
1882
1883
250
282
i*34
.
Outstanding
....
Kingston d Pembroke— 1st mort
Lackawanna d Pittsburg—Mortg. (for $2,000,000)
do
2d mortgage, gold
do
Income mort., not cumulative
Lake Erie Alliance d Southern.—
Lake Erie d Western—Common stock
Preferred stock, 6 percent (not cumulative)
1st mortgage, gold ($10,000 per mile)
Lake Shored- Michigan Southern—Stock
Guaranteed 10 per cent stock
Amount
4,648,000
....
6
533,500
When
Payable
vale to Cherokee, 26. Total operated. Dee. 31, 1886, 389 miles.
This company was organized April 1, 1879. as successor to the
Missouri River Fort Scott A Gulf, which was foreclosed Feb. 4, 1879.
In Nov., 1887, consolidation with the K. C. Springfield A Memphis
road was proposed as per circular in V. 45, p. 642.
The Branch line 7 per cent bonds due Sept. 1, 1910, are on the fol¬
lowing leased lines : Fort Scott Southeastern A Memphis. 103 miles, at
$15,000 per mile ; Rich ITill Road, 28 miles, at $13,435 per mile ; Short.
Cm k A Joplin Road, 22 miles, at $14,209 per mile. These bonds are
guaranteed, principal and interest, ami have a sinking fund of 1 per
cent of whole i>sue annu l!y, with which bonds are bought at 110 or, if
not offered, aie drawn at 105; also the bonds of Memphis Kansas A
Colorado RR., 26 miles, at $15,000 per mile, without sinking fund. The
equipim ut bonds may be paid off at 105 on 60 days’ notice.
The Kansas City Clinton A Springfield bonds are guaranteed 1*3- Kans.
City Fort Scott A Gulf. (See V. 39, p. 234.)
In 1886 the K. C. C. A s. failed to earn its interest by $52,000, which
was advanced l*3‘ this company, but the gross earnings ot the Kans. C.
Ft. S. A G. were increased $89,3 -1 by interchange of business with the
other road. The gross earnings from business interchanged with K. C.
S. A W. was $743,182.
The annual report for 1886 was in V. 44, p. 432. showing the following
earnings and income account for four years:
INCOME ACCOUNT.
1883.
Receipts—
Total gross earns
Net earnings
Interest, Ac
Total Income
Disbursements—
Interest on bonds
Leased lines interest..
K. C. 8. A M. proport’n.
Ft. Scott equip, bonds.
$
2,016,212
837,(363
1884.
1885.
$
2.539,338
1,0(53,811
-2,510
1,042.145
988,218
$
166,081
204,123
76,212
102,661
$
162,546
1,066,321
$
177,236
213,078
109,625
214,187
111,477
116,951
103,250
27,395
837.668
$
173,203
184,003
25,099
1886.
$
2,546,525
988,213
$
2,422,443
1,014.75 0
pal .When Due.
Where Payable, and by
Whom.
J.
A.
A.
F.
F.
,).
M.
F.
J.
A
A
A
A
A
A
A
A
A
J.
Boston.
O. Boston, Merch’sNat.Bk.
O.
do
do
A.
Boston.
do
A.
D. Bost., Nat. Webster Bk.
do
S.
do
A.
do
do
D.
do
do
M.
M.
M.
J.
A.
J.
J.
J.
A.
A
A
A
A
A
A
A
A
A
S.
Boston.
N. Boston. Nat. Union Bk.
N.
D.
O.
Boston.
D. Kentucky Central RR.
J N. Y., Morton. B. A Co.
J. N. ,Y., Office, 23 Broad.
0. N.Y., 13 William street.
J. AJ. N. Y., Am. Ex. Nat. Bk.
J. A JJN.Y..R. P. Flower A Co.
A. A O. Last paid April, 1884
6
6 g.
6 g.
6
J. A J.
M. A S.
5 g.
2
5
J. A* J. N. Y.,* Central Trust Co.
F. A A. N.Y.,Grand Ceut.Office.
F. A A.
do
do
Last
Last
1883.
•
1884.
$
475,576
5
8
Sinking fund
Miscellaneous
1,421
384
Dividends
paid
on com
Do
Dividend.
July 1, 1916
Oct.
Oct.
pref....
1887
1887
June 1,
Sept. 1,
Aug. 1,
Dec. 1,
1910
1922
1893
1908
May 1, 1894
1. 1897
1927
June. 1890
1906
Dec,
July 1, 1987
Oct. 1, 1923
At; will.
1525
1912
Apiil 1, 1923
April 1, 1923
1,
1922
Sept., 1922
Jan. 1, 1912
Jan. 1, 1937
Feb. 15, 1888
Feb. 1. 1888
$
336,156
213
8
22,300
3,805
21,176
1907
1895
Mch. 1, 1927
May 1, 1923
1885.
„
1925
1,
1,
Aug. 15,
Aug. 15,
Jan.
paid July, 1884
paid Oct., 1884
$
359,364
3
8
24,360
Rate
Stocks—Last
Jan’ary
1886.
$
405,880
4
8
22.300
Total disbursements.
767,450
1,046,213
964,461
1,034,330
70,218
def. 4,068 sur.23,707 sur.31,991
-(V. 44, p. 184, 432: V. 45, p. 613, 642 )
Kansan City ITIempliiM Ac Hiriiiiiigliam.—Owns from Memphis
to Birmingham, Ala., 251 miles; complete 1 m October, 1887. Three cor¬
porations in three States were consolidated under this name. Bonds for
$25,000 per mile are issued. The New England Trust Company is
rustee under the mortgage; abstract V.
45, p. 575.
The K. C.
Springfield A Memphis owns half the stock and gives a traffic guaran¬
tee of .10 per cent of gross earnings derived from business to and from
the new road, to be applied first to the payment of any deficiency in the
interest, and second to retire the bonds. The bonds may be drawn or
bought at 110. (V. 43, p. 217; V. 44, p. 275 ; V. 45, p. 472. 575.)
Kansas City Springfield Ac Ulempliis.—This organization em¬
braces two corporations under the laws pi Missouri and of Arkansas to
build a road from Springfield, Mo., to Memphis, Term., 282 miles.
Current River RR., from Willow Springe, Mo., to Cairo, 81 miles.
In
Nov.. 1887, consolidation proposed -with K. C. Ft. Scott A G. (See V. 45,
Balance
p. 643.) The K. C.
ings on business to
sur.
F. Scott A G. appropriates 15 per cent of gross earn¬
or from the new road to pay—first, any deficiency
in the interest on bonds, and second to retire the principal at 110.
Ab¬
stract of mortgage (N. England Tr. Co., trustee), V. 45. p. 575.
Capi¬
tal stock, $5,264,500.
The equipment bonds aie retired 1-12 annually,
aud all may be retired at 105 at any time. The Current River RR. bonds
guaranteed and were issued as per circular in V. 44, p. 246. The
port for 1886, in V. 44, p. 585, showed gross earnings of $1,569,708,
and net, $480,709; also, $131,475 traffic guarantee received.
(V. 44, p.
246. 585 ; V. 45, p. 574, 613, 642.)
Kentucky Central Kail way.—Owns from Covington. Ky., to
Livingston. Ky., 154 miles; Paris to Lexington, 19 miles; Paris, Ky.,
to Maysville, Ky., 49 miles; total owned, 220 miles; leases Richmond to
Rowland, 34 miles; total operated, 254 miles. This was formerly the
Kentucky Central Railroad, which was sold in foreclosure* April 23,
1887, and the present company organized, with stock of $7,000,000.
See abstract of mortgage (Metropolitan Trust Co. of New York, Trustee),
V. 4 >, p. 372.
The Company leased of the Louisv. A Nashville RR. its
Richmond branch for 99 years from Jan. 1, 1883. for $24,000 per an¬
num, with a right to purchase at any time for $100,000.
The Maysville
Division is leased for $28,000 per year, but the stock is all owned.
Annual charge for interest, rentals and taxes about $365,004.
From January 1 to Vow 50, in 1887 (11 months) gross earnings were
$986,331. against $849,236in 1886 ; net, $423,897, against $312,192
are
re
City to Cherry\alle. 50 miles; Arcadia to Coal Mines. 2 miles; Baxter
Springs to Webb City, 22 miles; Rich Ilill Junction to Carbon Centre
and Rich Hill, 28 miles : Fort Scott Junction to Springfield, 100; Coal-
Bonds—Princi¬
INTEREST OR DIVIDENDS.
or
Par
Value.
INCOME ACCOUNT.
1884.
1885.
1886.
Total gross earnings
Net receipts
Disbursements—
Rentals paid
Interest on debt.
Taxes and miscellaneous
$922,107
$318,487
$8 47,071
$920,698
$332,325
Total disbursements
Balance
f Interest not deducted.
$369,356
def. 50,869
$62,074
256,880
50,402
$309,621
$61,210
255,250
69,853
$55,045
33,529
$386,313
$88,574
def. 76,692 surf243,751
—(V. 43, p.634,746,774; V.44,p. 211,369, 551, 653
;
V. 45, p. 112.372,
373.)
Keokuk Ac Des Ulolues.— Owns from Keokuk, la., to Des Moines,
la., 162 miles. This was a reorganization, Jan. 1, 1874, of the Des
Moines Valley Eastern Div., sold in foreclosure October 17, 1873.
The property was leased for 45 years from Oct. 1, 1878, to the Chicago
Rock Island A Pac. RR. on the terms following : that the lessee pay 25 per
the gross earnings to this company, but guarantee the interest
principal) on the present bonds. The stock is $1,524,600 of 8
percent preferred and $2,600,400 of common, a majority of which is
held*by the lessee. In the year 1885-86 gross earnings were $458,050,
and rental, at 25 per cent, $114,512, leaving $22,987deficit 011 theinterest charge paid by lessee.
cent of
nor
the
Keokuk Ac Western—Road owned from Alexandria, Mo., to Van
Wert, la., 143 miles; operates Keokuk to Alexandria, 5 miles: total,
148 miles; Mas formerly the Mo. Iowa A Neb., part of the Wabash sys¬
tem sold in foreclosure Aug. 19, 1886. and reorganized under this
title.
Stock $4,000,000A 6 per cent note secured by mortgage was
given, payable at will.
In Sept., 1887, tlie Centerville Moravia .A
Albia road was leased. From Dec. 1. 1886. (commencement of opera¬
tions under reorganization), to Oct. 31, 1887 (10 mos.). gross earnings
Mere $29859 ; net earnings, $95,827.
F. T. Hughes, Pres’t, Keokuk,
la.; G. H. Candee, 52 William Street, N. Y., Vice-Pres’t. (V. 44, p. 808 ;
V. 45, p. 166, 304.)
Kings County Elevated.—Line of road on Fulton Street, BrookljTn, to city limit-*, about 6 miles, of which 2 miles are built and remainder
in progress. After litigation, and it decision by Court of Appeals in
Subscribers will confer a great favor
DESCRIPTION.
For
explanation of column headings, Ac., see notes
on first page of tables.
Lake Shore t£ Mich. Southern—(Continued)—
Consoi. 1st mort., (sink, fund, 1 per cent) coupon.
do
do
do
registered
do
do
do
Consol. 2d mort., do. (for $25,000,000) coup. A reg.
Lake Shore dividend bonds
3d mortgage (C., P. A A. RR.) registered bonds..
Buffalo A Erie, mortgage bonds
Det. Monroe A Tol., 1st mort., coup., guar
Kalamazoo A White Pigeon, 1st mortgage
Kalamazoo Allegan A Gr. Rapids, 1st mortgage...
Kal. Allegan A Gr. Rapids, stock, 6 p. c. guar
Jamestown A Franklin, 1st mortgage
Jamestown A Franklin, 2d mortgage
Mahoning Coal, pref. stock, guar.
do
1st mort. bonds guar..
Lawrence—St ock
1st mortgage
Lehigh & Hudson River— 1st mortgage, gold
Wnrxyb-k Valley, 1 st, mortgage
2d mortgage
do
Lehigh & Lackawanna— 1st A 2d mortgages
Lehigh Talley—Stock ($106,300 is pref.)
1st mortgage, coupon and registered
2d mortgage, registered
Consol, mort., gold, $ A £ (s. fd. 2 p.c. y’ly) cp. A reg.
Easton & Amboy. 1st mort., guar.(for $6,000,000)
Delano Land Company bonds, endorsed
Little Miami -Stk,c6m.,*gu.8%,99yrs,Pitt.C.ASt.L.
Street con. 1st M. bds (jointly withCin.A Ind.RR.)
Renewal mortgage
Little Rock £ Fort Smith—1st M., landgr. sink. fd...
Little Rock & Memphis—First.mortgage, gold
c
by giving immediate notice of any error discovered in these Tables.
864
864
864
864
258
95
88
62
37
58
....
51
51
43
43
22
17
41
22
22
25
346
101
101
232
60
1870
1870
1870
1873
1869
1867
1868
1876
1869
1868
84
165
133
24,692,000
1,000
1,000
1,356.000
920,000
500 Ac.
2,784,000
924,000
1,000
1,000
1,000
....
....
1.000
298,000
1,000
500,000
372,610
...
.
50
1865
1881
1879
1381
1877
50
1,000
1868
1870
1873
1880
1872
1,000
50
1,000
500 Ac.
1,000
Lake Erie Alliance Sc Southern.—Owns from Bergliolz, O., to
Phalanx, O., 60 miles. Formerly Cleveland Youngstown *v Pittsburg,
sold in foreclosure Dec.,'1886, in tlie interest of the bondholders and
reorganized Jan., 1887, under above name. Tt is proposed to extend the
road South to Steubenville and North to Fairport, on Lake Erie. Otlice
of the Company, Alliance, O.
Lake Erie Sc Western Railroad.—(See Map)—Owns from San¬
dusky, O., to Peoria, Ill., and branch to Minster. 430 miles, and from
Indianapolis to Michigan C ity, 162 iriles; total, 592 miles. This is the
new company formed in 1887 alter foreclosure (on Dec. 14, 1886,) of
the Luke Etie A Western railway, which had been made up by a con¬
solidation, Dec. 12,1879, of the Lafayette Bloomington A Mancie and
the Lake Erie & Western. This company in Match, 1887, purchased the
Indianapolis Peru A Chic, road, 162 miles (formerly part of Wabash).
The capitalization is at the rate of $10,000 per mile ol bonds, and $20,000 in common and $20,000 in preferred stock per mile.
Abstract of mortgage (Central Trust Co. and A. L. Munson, trustees),
in V. 46, p. 45.
Range of stock prices since reorganization lias boon as follows: Com¬
mon in 1887. 13® 24%; in 1888 to Jan. 20, inclusive, 15 o>157b. Preferred
in 1887, 39%«)61; in 1888 to Jan. 20, inclusive, 44® 17.
From Feb. 1 to Oct. 31 (9 11ms.) In 1887, gross earnings were $1,564,789, against $1,350,471 in 1886; net, $653,475, against $303,310.
C. S. Brice, New York, President.
—(V. 44. p. 22, 90,118, 211,401, 527. 553,808; V. 45, p. 572; V. 46, p. 45.)
Sliore A: Michigan Southern,—Line of Road—Buf¬
falo, N. Y., to Chicago, Ill., 540 miles; branches owned, 324 miles. Other
lines owned as follows: Detroit Mon. 6c Toledo, 62 miles; Kalamazoo 6c,
Lake
WhitePigeou, 37 miles; Northern Central (Mich.), 61 miles; total, 160
Roans leased are as follows; Kalamazoo Allegan & Gr. Rapids,
miles.
58 miles; Jamestown 6c Franklin, 51 miles; Mahoning Coal R., 43 miles ;
Detroit Hills. 6c Southwest., 65 miles; Fort Wayne & Jackson, 98 miles;
had
been
several
times increased.
proprietary road* controlled hy ownership of their stock. The Mahon¬
ing Coal RR. is leased and its stock and bonds guaranteed. The New
York Chicago A St: Louis road is controlled by ownership of stock. The
Chicago A Canada Southern is also operated by the Lake Shore A Michi¬
gan
South.
8tocks and Bonds.—The guaranteed stock of $533,500 carries 10 per
cent dividends.
The ordinary stock lias paid the following dividends
since 1870, viz.: In 1871,8; in 1872,8: in 1873,4; in 1874,3%; in
1875,2; in 1876,3%; in 1877, 2; in 1878, 4; in 1879, 6%; in 1880,
1881, 1882 and 1883, 8 per cent each year; in ’84,7; in ’85 and ’86, nit;
in ’87, 4 per cent.
The range in prices of stock since 1870 has been: In 1871, 85%®116%;
1872, 83%®98%; 1873, 57%®97%; 1874, 6778®8458; 1875, 51%®
80%; 1876, 48%®6858; 1877, 45@733s; 1878, 578®715«: 1879, 67®
108; 1880, 95®13958; 1881, 11258®135%; 1882, 98® 120*8: in 1883,
92%®11478; in 1884, 59%®104%; in 1885, 50%®8978; in 1886,76%
®10i)38; in 1887, 89©98%: in 1888 to Jan. 20, inclusive, 92%®92%.
The first consolidated mortgage bonds are redeemed each year by
$250,000 contributed to the sinking fund. The above bonds of all
July 1, 1900
1887 to 1890
Dec. 1, 1903
Coupons are paid by
Treasur’r at Gr’nd
Central Depot, N.
Y., and registered
interest by Union
Trust Company.
April 1, 1899
Oct.
(
1, 1892
April 1, 1898
Aug. 1, 1906
Jail.
1899
1911
Dec. 1, 1907
Jan. 16. 1888
1
classes outstanding are given less the amounts held
funds, which amounted to $4,009,000 Dec. 31, 1886.
June, 1898
Sept., 1910
1898 A 1923
1920
Jan
1892
Dec., 1887
1894
Nov. 2, 1912
Jan. 1, 1905
Sept. 1, 1937
in the sinking
Operations, Finances, Ac.—The annual reports of this company are
models of clearness in all the statistical matter. The road is greatly
dependent on through traffic, or tratlic from competitive points, and its
business is injured by any cutting of rates.
shares of com¬
Chicago A St. Louis Railroad (a con¬
trolling interest) were purchased and $6,500,000 of Lake S. & Mich.
8. 2d consol, mortgage bonds issued to pay for it, making an interest
Ln
mon
1882, 110,500 shares preferred stock and 124,800
stock of
the New
York
charge of $456,890 per annum.
In 1886 the company sold $349,000 first
consolidated mortgage
bonjjs to redeem old bonds falling due, and this of of the consols bear
only 5 per cent interest and may be redeemed by instalments on Oct.
1 each year till 1890.
For the year 1837 the
was as
follows:
preliminary report (December partly estimated)
Gross
earnings
Operating expenses and taxes
Fer c ult of expenses to earnings
1887.
1886.
$18,675,461
10,991,267
$15,859,455
9,731,622
(61-36)
(58’85)
I
Net earnings
Interest, rentals Ac
$6,127,833
3,712,978
$7,684,197
3,660,0u0
$4,024,197
$2,414,855
$8-13
$4-88
Out of surplus earnings of 1887 were paid $262,000 assessment on
Nickel-Plate stock, $250,000 sinking fund, $387,000 on Kal. & W. P.
Surplus net income
Equals per share
bonds and construction of Sharon Biancli—total,
$899,450.
The annual report for 188LO was published in V. 44, p. 583.
the tables below, showing the earnings and income account
of years:
•
OPERATIONS AND FISCAL
RESULTS.
1886.
1885.
1884.
1883.
containing
for a senes
1,340
1,340
1,340
1,340
operated
Operations—
215,715,155 190,503,852 176,830.303 191,593,135
Pass’gcr mileage
2-098 cts.
2-196 cts.
2-170 cts.
2-058 cts.
Rato p. pass. p. mile
1,592,044
1,602,567
1,689,512 * 1,410,545
Fr’glit (t’ns) mileage
0-639 Cts.
Miles
—
*
*
Av. rate p. ton p. in.
Earnings—
Passenger
Freight
Mail, exp., rents, Ac.
0-728 cts.
$
0 652 cts.
0 553 Cts.
4,736,088
12,480,094
4,133,729
9,358,817
1 A'-IJ
3,639,375
9,031,417
9
4,020,550
10,329,625
1,509,280
14,843,534
14,133,505
15,859,455
1,614,777
1,317,379
5,277,414
2,014,044
1,340,291
1
OO'T
earnings
1
$
1,532,252
1,111,329
530,236
5,380,166
521,543
792,476
1
ILL)
*71
$
5,192,943
588,231
518,663
529,269
485,946
668,398
11,001,853
9,133,521
9,287,537
9,731,622
7,511,803
59-43
5,710,063
6L"53
65-71
Taxes
Miscellaneous t
Total
Net earnings
P.c-.of op.ex.toear’gs
$
$
A—A
18,513,656
Opera ting Expenses—
$
Mam fee of way, Ac.
2,095,492
Maint. of equipment.
990,907
Transport’11 exp’nses
6,592,742
Total gross
Three ciphers omitted.
1 Includes damage and loss
law expenses, rents payable
4,845,968
6,127,833
61-36
*
ot freight .and baggage, personal injuries,
and hire of cars.
INCOME ACCOUNT.
The roads leased
at fixed r. ntals arc the Kal. Allegan A Grand Rapids, Jamestown
A Fianklin and Mahoning Coal.
The Detroit Monroe A Tol.
Kalamazoo A White Pigeon and the Northern Central of Michigan, are
Dividend.
July 1, 1900
ami operated, 1,340 miles.
Organization, Ac.—This company was a consolidation of the Lake
Sliore RR. and Michigan Southern A North, Indiana RR. May 27, 1869,
and the Buffalo A Erie RR. August 16, 1869. The consolidated line cm
braces tbe former roads of the Cleveland A Toledo and the Cleveland
Painesville A Ashtabula railroads.
The stocks of some of the railroads
which entered into the consolidation forming the Lake Shore A Michigan
Southern road had oecn largely increased by stock distributions, and on
tbe lines between Buffalo and Toledo the capital of several of the
companies
1%
6
7
6
5
7
2
6
5
7
5 g-
6,000,000
1.345,000
4,837,300
250,000
1,500.000
2,314,500
3,250,000
Stocks—Last
Whom.
A A O
do
do
A. A 0.
J. A D.
Philadelphia.
•”5
dt
Philadelphia, Otlice.
J. A D. Reg. at office; cp.B’kN.A
M. A S.
Philadelphia, Otlice.
do
do
J. A D.
do
do
M. A N.
do
do
J A J
Cincinnati.
Q.-M.
J. A J. Cinn., Lafayette Bank.
M. A N. N. Y., Bank of America.
1. A J.
N.Y., Mercantile Co.
New York.
M. A S.
6
7
14,044,000
D.
O.
O.
O.
A.
J.
J.
O.
J.
D.
J.
J.
pal,When Due.
Payable, and by
1, 1890
July 1, 1888
Oct. 1, 1887
Var.to J’ly,’97
June 1, 1894
Jan. 1, 1888
N. Y. Union Tr. Co.
do
do
July 1. 1934
Jan. 2, 1888
Pittsburg Otlice.
Q.— J.
F. A A. N. Y., Winslow, L. A Co. Aug., 1895
N. YT. Nat. Ex Bank.
J. A J.
July 1, 1911
2
6,000,000
1,000
Geo. D. Chapman, Presi¬
A
A
A
A
A
A
A
A. A
J. A
J. A
J. A
J. A
7
6
33,112,800
5,000,000
1,000
1,000
1,000
1,000
1,000
Lackawanna Sc Pittsburg.—A consolidation in April, 1883, of
tbe Allegany Central and the Lackawanna & Pittsburg. Road operated
from Lackawanna Junction, New York, to Perkinsville, 41 miles;
Swain’s to Nunda, 12 m.; Lack. June, to Ilornellsville, 12 m., and Olean
to Angelica. 39 m.—total, 104 miles.
The last-named line is 3 ft. gauge
and tlie others standard gauge. Stock $5,000,000, of which $1,500,000
is preferred. In 1884 Company became embarrassed and in Dee., 1884,
a receiver was appointed.
A plan of reorganization has been agreed
upon and securities are being deposited with Mercantile Trust Co.
J.
A.
A.
A.
F.
J.
J.
145 000
1,000
401, 402.)
1
240.000
600,000
50
1864
1882
1875
1887
1
X Q.-J.
314,000
800,000
500 Ac.
1.000
....
C J.A J.
1,500,000
500,000
1,000
.
<7
400,000
840,000
610,000
1863
1869
1884
Payable
5
7
7
7
7
7
7
8
3
7
7
2%
5
When
Where
Rate per
Cent.
onn
1,000
Kingston 4: Pembroke,—Owns from Kingston, Ontario, Canada,
on tiie Canadian Pacific KR., 104 miles; branches, 30 miles;
total, 134 miles. Bonds are redeemable on notice at 105
Offered in
New York, in 1887 by R P. Flower & Co. Stock, $4,500,000; par $50.
Cross earnings, 1886, $148,563; net, $48,348; lixed charges, $34,320;
See full statement in V. 44, p. 402.
surplus, $14,028.
(V. 44, p. 392,
Total road owned, leased
noi
849,000
to Renfrew
Earnings in 1885-6. $ .0,943; deficit, $17,859.
dent and Receiver, 48 Wall Street, New York.
Outstanding
1,000 5
1,000
198
....
Amount
$1000 \
....
Bonds—Prmoi •
INTEREST OR DIVIDENDS.
Date
Miles
Size, or
of
Par
of
Road. Bonds Value.
favor, tlic work went on, and bonds were offered for sale by Vermilye
A Co. in Julv, 1887. Stock paid in, $1,000,000. President, Jas. Jourdan ; Treasurer, Jas. II. Frotliingliam.
(V. 41, p. 421; V. 45, p. 25, 600;
V. 46, p. 93.)
total, 315 miles.
61
RAILROAD STOCKS AND BONDS
January, 1888. J
Receipts—
Net earnings
1884.
1835.
$
$
$
7,511,803
5,710,063
4,845,968
6,127,833
110,752
4,845,963
6,238,585
439,168
443,900
3,326,480
53,350
250,000
Interest, divid’s, Ac.
158,540
Total income....
Disbursements—
Rentals paid
Interest on debt
Dividends
7,670,343
5,710,063
471,876
3,132,120
3,220,870
53,350
53,350
Total disbursem’ts
3,657,346
4,012,997
3,957,320
(8)
3,720,070
1,989,393
Surplus for div’d....
Dividends
Rate of dividends...
Balance
1886.
1883.
sur
446,450
3,374,938
53,350
250,000
4,117,456
2,473,325
(5)
55,677 def. 483,932 sur.
From this surplus, $292,522 was
uchers. Ac., at end of 1885.
728,512
$
4,073,730
2,164,855
989,330
(2)
.
728,512 sr*l,175,525
applied to reduction of pay-rolls,
RAILROAD STOCKS AND BONDS.
January, 1888. J
=====
«
""
============
-
Subscribers will confer
a
—
■■
Miles Date
For explanation of column headings, Ac., see notes
of
of
on first page of tables.
Road. Bonds
Little Schuylkill—Stock, 7 p. c. rental, Phil. A Read.
Long Island—Stock
1st mortgage, extension
c*
1st mortgage, main
e *
2d mortgage
c *
Consol, mortgage, gold (for $5,000,000)
c A
New York A Roekaway, guar. int. only
Smithtown A Port Jefferson mortg., guar
Newtown A Flushing, guar, principal and int
Equipment certificates
Long Island City <£ Flushing—1st M
c *
Income bonds "(cumulative) ($350,000)
c*
Consol, mort. for $1,250,000, g., end. by L. I ..c*
Los Angeles <6 San Diego—1st M. (for $2,800,000)..
Louisiana Western—1st mortgage, gold
Louisv. Evansv. <£ St. Ijouis.—1st mort. E. R. A E...
1st mortgage, gold, for $2,000,000 (2d on 72 M.).
2d mort., gold, for $3,000,000.1st coup, due ’87..
Hunt. TeirCity A C. RR., 1st M., gold, guar
c*
Louisville dk Nashville— Stock
General mort., gold, coup, or reg. ($20,000,000).
Lebanon branch extension, Louisville loan
Lebanon-Knoxville extension mort. ($1,500,000)
Cecilian Branch, 1st mortgage, sinking fund
Consolidated 1st mortgage
Size,
....
95
156
179
9
19
3-9
10%
10%
188
27
112
72
255
255
23
1,612
Par
Outstanding
$50
$2,487,850
10,000,000
168,500
840
110
172
46
392
130
83
135
»
1,121,000
268,705
3,437,000
250,000
1,000
500
500
500
600.000
150.000
40.000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1881
1881
1887
1880
1881
1881
18 86
1886
1887
•
Amount
2,240,000
900.000
2,000,000
100
3,000,000
300,000
30,000,000
1,000
1,000
12,202 000
333,000
1,000
1,000
1,000
Pledged.
933,000
7,070,000
3,500,000
2,015,660
•
1880
1863
1881
1877
1868
1871
1872
1879
1882
1884
1880
600,000
312,000
(?)
556,000
£200
£200
1,000
1,000
1,000
2,340,000
9.684,000
5,000,000
5,000,000
1.000
GENERAL BALANCE AT CLOSE OF EACH FISCAL YEAR.
1884.
$
Railr’d, build’gs, Ac.
Equipment
Ch.ACan.So.bds.,Ac.
Stocks owned, cost..
Bonds owned, cost..
Advances
Materials, fuel, Ac...
Cask on hand
Uncollected earnings
Total assets
Liabilities—
Stock
Bonds
Dividends
Other liabilities
Profit and loss
$
1885.
715,000
715,000
$
70,048,000
17,300.000
305,780
715,000
9,414,477
1,554.030
1,421,342
1,221.178
317,320
582,545
12,012,839
933,080
1,454,942
966,311
218,682
1,249,858
12,195,068
645,400
1,461,147
673,474
235,795
1,588,590
70,048,000 70,048,000
17,300,000 17,300,000
305,780
365,780
R’l est. A office prop.
$
$
44,466,000
1,016,005
2,506,589
4,951,678
50,000,000
47,716.000
26,675
2,975,161
4,547,256
$
50,000,000
715,000
12,113,700
674,400
Dividends*
1,525,859
596,430
2,559,928
1,216,840
,,
1
7
7
7
5 g7
7
7
7
6
6
5 g.
6
6 g.
6
6 g.
2 to 6 g.
0 g.
2 scrip
6 g.
6
6
7
7
7
6 g.
6 g.
6 g.
6 g-
6g'
J.
Payable, and by
Whom.
Stocks— Last
Dividend.
Office,410 Walnut.
N.Y.,Corbin Bank’g Co.
Jan. 13,1888
Fvb. 1, 1888
A J. Phil.
Q.-F.
M. A N.
M. A N.
F. A A.
do
do
do
do
do
do
do
Q-J.
A. A 0.
M. A S.
M. A N.
M. A
Jan.
M. A
J. A
J. A
J. A
A. A
A. A
A. A
m
m
m
N.
1
N.
J
J.
May 1, 1890
Mav 1, 1898
Aug. 1,
July 1.
April 1,
Sept, 1,
May 1,
N.Y., Corbin Bauk’g Co.
do
May 1, 1937
N.Y., So.Pac. Co.,23Brd
do
J.
a
A D.
A. A O.
S.
8.
O.
D.
A.
July 1, 1910
do
July
Boston.
do
do
do
0.
0.
O.
1926
1936
Oct.
do
do
do
do
do
1, 1927
Feb., 1888
June 1, 1930
Oct, 15, 1893
March 1, 1931
Mar. 1, 1907
April 1, 1898
London, Baring Bros.
do
do
D.
1, 1921
July 1, 1921
N.Y., 50 Exchange PI.
do
do
do
do
do
1918
1931
1901
1901
1891
May 1, 1911
May 1, 1931
do
do
do
J.
M. A
M. A
A. A
J. A
F. A
J. A
do
do
do
do
do
do
do
N. Y., 50 Exchange
do
do
Q.—Mar
M. A N.
do
do
J. A J.
do
do
pi.
June 1,
1901
Aug. 1, 1902
Dee. 1, 1919
Mar. 1, 1922
Nov. 1, 1924
Jan. 1, 1930
$52,000 Lehigh A Hudson River 2d
6s,
due 1909. Stock, $1,340,000. Four coupons July,’85, to Jan..’87, in¬
clusive, were funded. In Dee., 1885, a traffic contract was made with
Lehigh Coal A Nav. Co. In year ending Sept. 30. 1887, gross earnings
$244,431; net, $101,806; surplus over interest and taxes, $7,159.
In 1885-86 gross earnings, $209,294; net, $81,993; interest on bonds,
$84,674. Grinnell Burt, President, Warwick, N. Y. (V. 45, p. 656.)
were
Lehigh & Lackawanna.—Owns from Bethlehem, Pa., to Wind
Gap, Pa., 25 miles; thence, in connection with the Wind Gap A Dela¬
ware Railroad, to Bangor, Pa., 32 miles.
It is operated by the Central
Railroad of New Jersey under a special agreement. Opened in 1867.
Of the above bonds, $100,000 are a 1st mort., and $500,000 2d
mort. Capital stock, $370,500. Gross earnings in 1885, $62,076 ; net,
$12,723. In 1886, net, $13,860.
$
4,400,263
$
2,059,541
650,385
1,660,234
1885-86.
$
4,101,986
$
.
2,048,201
682,003
1,331,531
1686-87.
$
5,054,771
$
2,041,171
1,018,747
1,584,081
*
583. 693,
Lehigh & Hudson River.—This road wTas opened from Grey
count, on Erie road, to Belvidere, N. J., 63 miles, August, 1882.
Con¬
solidation April, 1882. of the Lehigh & Hudson River and the Warwick
Valley roads. In addition to above there are $65,000 Wayawanda 6 per
and
Bonds—Princi¬
Total disbursements
4,370,160
4,061,735
4,643,999;
Balance, surplus
30,103
40,250
410,772’
In 1885, 10 on pref. and 5 on conn; in 1886,10 on pref. and 4 on com.
in 1887,10 on pref. and 434 on com.—(V. 44, p. 117; V. 45, p. 500,
743
V. 46, p. 101.
Little Miami.—Owns from Cincinnati, O.. to Springfield, O., 84
miles; branch, Xenia, O., to Dayton, O., 16 miles; leased, Columbus &
Xenia RR., Xenia to Columbus, O., 55 miles; Dayton A West. RR.,
Dayton, O.. to Indiana State Line, 38 miles: Ohio State Line to Richm’d, Ind.,
4 miles; Cincin. Street Conn. RR., 2 miles; total operated, 198 miles. The
Little Miami Railroad proper extends from Cincinnati to Springfield, but
the portion between Xenia and Springfield is now operated as a branch ;
for the remainder of the main line, as given above, the Col. & Xenia
road, Columbus to Xenia, is used. On Jan. 1,1865, they leased the Dayton & West. (Dayton to Ind. State line) and the Rich. A Miami (State line
to Richmond), and on Feb. 4, 1865, purchased the road from Xenia to
DajTon; these three roads go to- form the branch of 57 miles given
above. The partnership agreement was dissolved Nov. 30, 1868, and a
$
50,000,000
operated, 22 miles. The Lawrence Railroad was leased June 27, 1869,
to Pittsburg Fort Wayne A Chicago RR. at 40 per cent on gross earnings,
with $45,000 per year guaranteed as a minimum. Lease has beentransferred to Pennsylvania Co., by which the road is now operated. Gross
earnings in 1885, $166,236; net, $74,123; rental from Penn. RR. and
Interest received, $67,159; payments. $82,199. Grossin 1886, $210,991;
net, $78,007; rental and interest, $84,396, less to Pa. RR., $7,629.
1900
Rate per
When
Where
Cent.
Payable
Total net income
Disbursements—
Interest on debt
General, taxes, float’g int.,loss on
Morris Canal, depreciation, Ac..
70,048,000
17,300,000
354,107
Lawrence.-Owns from Lawrence Junction, Pa., to Youngstown, O.,
18 miles; branch from Canfield Junction to Coal Fields, O., 4 miles; total
due
=
pal,^When Due.
1884-85.
$
47,466,000 47.216,00i»
26,674
1,016,005
1,131,670'
839,148
6,604,510
8,033,771
p. 6, 23, 245, 634, 774; V. 44. p. 6, 22, 276, 401,
714; V. 45, p. 5, 25, 304, 743, 820, 872, 886.1
cent bonds
:
INCOME account.
Total liabilities.. 102,940,272 105,265,092 105,228,854 107,104,924
-(V. 43,
1
1880.
102,940,272 105,265,092 205,228,854 107,104,924
50,000,000
=
INTEREST OR DIVIDENDS.
!
50
500
500
100 Ac,
1860
1868
1878
1881
1871
1871
1871
.
or
Value.
31
360
Memphis A Ohio, 1st mort., sterling, guar
Memphis A Clarksville br.. 1st mort., sterlmg
Mort. on Ev. Hen. A N., gold, drawn at 110
Collat. Trust, 3d M., gold, (payable at 110)
1,079
10-40 Adj. M., gold, coup, or reg. (red’ble aft. ’94)
783
1st mortgage on New Orleans A Mobile RR
141
A S8&tS~~~~
:
great favor by giving immediate notice of any error discovered In these Tablet
DESCRIPTION.
1883.
63
1
*
contract made
by which the Col. & Xenia road, including its interest in
the above-named branches, "was leased to the Little Miami for 99 years.
On December 1, 1869, the Little Miami, with all its branches, Ac
wras
leased to the Pittsburg Cincinnati & St. Louis Railroad Com¬
,
for 99 years, renewable forever.
The Pennsylvania Railroad
Company is a party to the contract and guarantees its faithful execution.
now operated by Pittsburg Cin. A St. Louis Railway Co.
Lease
pany
Road is
rental is 8 per cent on $4,837,300, interest on debt and $5,000 per
for Little Miami Company’s expenses of organization; the fulfill¬
ment of the lessor’s lease obligation is also stipulated.
In 1886, rental,
annum
Ac., received, $684,129; payments, $668,677; surplus, $15,452. In
1885 rental, Ac., $697,787; payments, $664,677; surplus, $15,452;
loss to lessee, $423,976.
Little Rock & Fort Smith.—Owns from Little Rock, Ark., to
Fort Smith, 165 miles; branches, 5 miles; total, 170. In Dec., 1874,
the propertj' (then 100 miles), including the land grant, was sold in
foreclosure. There is outstanding funding coupon scrip for $510,000.
Lands unsold Jan. 1, 1887, 609,981 acres, and land notes, $411,876.
In March, 1887, the proposal was accepted by stockholders to ex¬
change four shares of stock for three of the St. Louis Iron Mountain
A Southern, and the road thus passed to the Gould interest and an ex¬
tension was put under way from Van Buren to Fort Gibson, in the
Cherokee Nation, and this company was consolidated with others.
(V. 44, p. 551.) In 1886 gross earnings were $723,348; net, $77,978;
int. on bonds, taxes, Ac., $270,708; balance, sur., $116,539. Report in V.
44. p. 585.
(V. 44. p. 275. 308, 434. 494, 495, 551, 585; V. 45, p. 642.)
Little Rock A: Memphis.—Owns Irom Little Rock, Ark., to a
point on Miss. River, opposite Memphis. The Memphis A Little Rock
road was sold in foreclosure in 1872, again in 1877, and again in 1887.
The present company was organized Sept. 1, 1887 and all the old
bonds were to be retired with the above new mortgage bonds, making
the annual interest charge $162,500. Under the title Memp. A L. Rock,
in issues of the Supplement prior to Nov., 1887. an account of the road
is given.
R. K. Dow, President, Claremont, N. H.—(V. 45, p. 401.)
Little Schuylkill.—Owns from Port Clinton to’ Tamanend, 28
miles; branches, 3 miles; total operated, 31 miles. The East Mahanoy RR., was leased Jan. 12,1863, for 99 years, and sub-leased to Phila.
A Reading July 7, 1868.
The Little Scbuykill Railroad is leased to the
Philadelphia A Reading Railroad for 93 years from July 7, 1868
Rental in 1887. $185,227.
Lehigh Valley.—Owns from Phillipsburg (Pa. Line), N. J., to
Wilkesbarre, Pa., 104 miles; branches—Penn Haven to Audenried,
18 miles; Hazle Creek Bridge to Tomhieken (and branches), 32 miles;
Lumber Yard to Milnesville (and branches), 18 miles; Black Creek Junc¬
tion to Mt. Carmel (and branches), 61 miles; Slatcdale branch, 4 miles
;
Bear Creek Junction to Bear Creek, 11 miles; Lackawanna Junction to
Wilkesbarre, 10 miles; State Line A Still. RR., Monroeton to Berwick,
24 miles; also owns the Easton & Amboy RR., Amboy, N. J., to
Pennsyl¬
vania Line, 60 miles; total operated, 346 miles.
This is one of the most important of the coal roads
Dividends on the
ordinary stock have been as follows since 1870: In 1871, 1872. 1873,
Long; Island.—Owns from Long Island City, N. Y., to Green1874 and 1875, 10 per cent paid; in 1876, 9; in 1877, 5^; in 1878, 1879
port, N. Y., 95 miles; branches, 87 miles; total owned, 182 miles.
and 1880, 4; in 1881, 5^; in 1882, 6^; in 1883 and 1884, 8; in 1885,
6; Leased—Smithtown
A Pt. Jefferson RR., 19*0 miles; Stewart RR. toBethin 1886, 4 in 1887, 4*2. Prices of the common stock In
Philadelphia
since 1877 were as follows:
page, 14-5; Stewart RR. to Hempstead, 18; New York A Roekaway
In 1878, 3234®42%; in 1879, 33*c®55 ; in
1880, 46@57%; m 1881, 57b>o04%; in 1882. 5814@6734; in 1883. 63® RR., 8-9; Brooklyn A Jamaica RR., 9-6; Newtown A Flushing RR.,
73%; in 1884, 57®717b: in 1885, 54^014: in 1886,55%@62; in 1887, 3-9; Brooklyn A Montauk, 67; N. Y. Brook. A Man. Beach R’way and
brandies, 204; Hunter’s Point A So. Side RR., 15; Far Roekaway
537e®5734; in 1888 to Jan. 20. inch, 55® 55^.
branch, 9-4 : L. I. City A Flushing RR.. 14 ; Whitestone Hr., 4: Woodside
The fiscal year ends November 30. The last annual
report was in the
Total leased and operated. 178'4 miles. The total of all the
Chronicle, V. 46, p. 101. It is one of the peculiarities of the company’s Br., 3’9.
loads owned and operated is 360 4 miles.
annual report that no general balance sheet is given. The
earnings,
The Long Island Railroad went into the hands of a receiver October,
expenses and income account for the fiscal years ending Nov. 30, were:
1877, but in 1881 the company resumed possession.
The control of the company was sold to the “Long Island Company,”
1884-85.
1885-86.
1886-87.
controlled by Mr. Austin Corbin and others, in Dec., 1880.
In July,
$
Earnings—
$
$
1881, the stock wras increased from $3,260,700 to $10,000,000.
Coal freight
6,079,542
5,669,236
Divid nds have been as follows since 1881 : Iu 1882. 1; in 188 3 to’87,
Other freight
1,617,236
2,106 469
inclusive, 4 per cent. Range of stock prices s nee 1882 has been as
Passenger, mail, express, Ac....
860,139
969,051
follows: In 1883, 58 *>86%; in 1884, 62 978%; in 1885, 62®307g; in
1886, 80® 100; in 1887, 85®99%; in 1888 to Jan. i 0, inch, 89*91.
Total gross earnings
8,556,917
8,744,756
From Oct. 1, 1886, to Sept. 30. 1887 (12 mos.), gross earnings were
Operating expenses
4,888,998
5,293,816
$3,197,808, against $2,994,772 in 1885-6; net, $1,298,602, agaiust
$1,122,447; surplus over fixed charges, $534,837, against $585,205.
Net earnings
$3,667,919 $3,450,940
Fiscal year ends Sept. 30; for 1886-7 report was in V. 45, p. 855.
..
...
..
64
Southeast.*
Subscribers will confer
INVESTORS’
a
SUPPLEMENT.
[Vol. xlvi.
great favor by giving Immediate notice of any error discovered in these Tables.
DESCRIPTION.
For explanation of column headings, Ac.,
on first page of tables.
Miles Date
Size, or
of
of
Par
see notes
Road. Bonds Value.
Louisville <& Nashville (Continued) —
2d mortgage on New Orleans & Mobile RR
Bonds sec’d by pledge of 2d mort. S.AN.Ala.RR..
1st M., gold, on
St.L.RR.,coup.or reg.
2d mort., gold, on Southeast. & St. Louis RR.,
cp.
Pensacola Div., 1st mort., gold
Mobile & Monte. Div., 1st M., ($2,677,000)
Pensacola & Selma Div., IstM., gold ($1,248,000)
Pensa. & Atl., m. gold, guar., $1,000,000 pledged.
Louis. Cin. * Lex., 1st mort
do
2d mort.,coup., for $1,000,000
L. & N. mort. oil L. C.AL., gold,$3,208,000 plrtgd
1st mort.,
gold, on branches, $15,000 per mile...
Car trust liens ($1,721 payable each month)
Henderson Bridge Co., 1st mort., gold
Louisvitle New Albany *£• Chicago—Stock:
j
1st mortgage, coup, or reg
I
Mort., gold, on Chic. & Ind’polis Div., conn, or reg
Consolidated mortgage gold (for $10,000,000)
1
Louisv. N. O. d• Tex.—1st M g., for $16,900,000..c
*j
2dmort. income bonds, cum. (payable at 105)..c*'
Bonds—Prlnol -
INTEREST OR DIVIDENDS.
Amount
Outstanding
Rate per
When
'Cent.
Payable
Where
pal,When Due.
Payable, and by
Whom.
Stocks—Last
Dividend.
-
141
189
208
208
45
180
104
185
175
175
175
86
__
....
Income bonds (not cumulative).
Lykens Val —St’k, lOp.ct. rental.999yrs. Nor.Cent.I
Maine Central— Stock
e*
1st mortgage, consol. Classes A, B, C and D
cH
Collateral trust bonds for Mt. Desert Branch
c
Sinking fund 10-20 gold 1 joints
c
Bonds A. *. K. RR
e
Extension bonds, 1870, gold
c
Maine Central loan for $1,100,000
c
Improvem’t. “A” * ‘B;M “A” $200,000, due 1916
1883-84.
Gross earnings
Expenses and taxes
Net earnings
Deduct—
Interest, less int. received..
Rentals
Dividends
1880
1881
1836
1886
1880
1884
1,000
590,000
1,000
1,000
1,000
1,000
1,000
Pledged.
Pledged.
2,000,000
2,850,000
100 Ac.
21
527
.
.
1372
1883
1885
1860-1
1870
1868
304
41
55
18
109
....
892,000
50,000
1,000
1,350,000
484,000
1,959,000
5,000,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
20
100
100 Ac.
.
.
.
1,000
100 Ac.
500 Ac.
100 Ac.
3,000,000
2,300,000
3,500,000
11,140,000
8,117,000
10,000,000
600,000
3,003,300
4,176,400
694,000
600,000
1,100.000
496,500
756,800
450,000
....
i
'
1885-86.
1886-87.
$
2,826,478
1,856,351
896,727
970,127
1,122,447
1,298,602
190,877
2S7,693
400.000
176,358
297,560
400,000
31,564
233,179
203,195
412,372
400,000
48,198
$
2,994,772 .3,197,808
1,872,325 1,899,206
$
304,063
400,000
878,575
905,432
937,242 1,063,765
13,152
64,645
185,205
234,837
There are also real estate mortgage, $238,000, 5s and 7s; time loans,
$200,000, at 6 per cent. (V 43, p. 191, 745 ; V. 44, p. 212, 586; V. 45,
p. 142, 212,792, 855.)
Long Inland City Ac Flushing.—Road from Long [slaml City to
Great Neck, 14 miles; branches, 4*8 miles; total, 18 8 m. This is a reor-
Surplus
fanization of the Flushing * North Side road, foreclosed December 11,
880. The stock is $500,000; par, $100.
The income bonds are pay¬
able at will. The consolidated bonds bear the printed endorsement of
Long Island RR. Co.; $912,000 of them are reserved to retire i>rior
lien bonds. The company is liable for $25,000 of New York & Flushing
bouds, due 1920. Leased to Long Island RR. for 50 years, the lessee
taking 60 per cent of gross earnings and $17,500 for fixed charges. In
1883-84 gross earnings were about $213,000, of which 40 per cent to
tills company was $85,035; in 1884-5, rental $116,537; in 1885 6,
Rental, $102,495. Austin Corbin, Pres., New York City. (V. 45, p. 53 )
Lon Angeles Ac San Diego. —Florence to Santa Ana, Cal., 27
miles.
Leased to Cent. Pac., and rental in 1836 was $33,374.
Capital
Btock, $570,800.
Chas. Crocker, Pres., San Francisco.
Louisiana Western.—(See Map of So. Pac ) - Owns from Lafayette
La., to Orange, Texas, 112 miles, leases extension in Texas, 7 m.; total
112 miles. Leased and operated by the South. Pac. Co.,
being part of the
through line bet ween Now Orleans and Houston. From Jan. 1 to Nov.
30, in 1887 (11 1110s.), gross earnings were $765,948, against $578,627
in 1886; net, $376,049, against $294,005.
In 1886 gross earnings
were $644,689 ; net, $329,207.
Surplus over interest and all charges,
$163,559. Gross earnings for year 1885 were $627,317; net, $343,445.
Stock is $3,360,000. (V. 43, p. 133, 163; V. 44. p. 344, 369, 6203
Louisville Evansville Ac St. Louis.—Line of road. New Albany,
Ind,, to Mt. Vernon, Ills., 182 miles; branches to Jasper & Gentry ville, 72
mites; trackage, Louisville, Ky., to New Albany, Ind., 6 m.; total oper¬
260 miles; opened Oct., 1882.
The road was formerly the
Louisville, New Albany & St. Louis, foreclo -<*d in 1878.
In Oct.. 1881,
a consolidation was made with the Evansv. Rock
port * Eastern, and the
$900,000 of E. R. & E. 1st mortgage bonds stand as a prior lien on that
division. The foreclosure sale was made June 9, 1886. The plan of re¬
organization was in V. 41, p. 720, by which 1st mortgage bondholders
took new second mortgage bonds bearing no interest in 1886, 2 per
per cent in 1:87 and 18s*, 3 per cent in 1«89, 4 per cent in 1890, 5 per
cent in 1891 and 6 per eent thereafter, and a first
mortgage of $2,000,000
was issued as a prior lien.
The stock is $1,500,000 prof. 5 per cent,nonOuinulative, and $3,500,000 common ; the par of all shares is $100. The
ated,
Huntlnburg Tell City & Caiinellton RR. (24 miles) bonds
are
guaran¬
teed by this Cu. I11 1885-6 gross earnings were $786,229; net. $213,357. In 1884-85 gross earnings, $716,119; net, $142,224.
(V. 43, p.
-
$1,000,000
1.960,000
3,500,000
3,000,000
1,000
1,000
1,000
$
2,756,232
1,859,505
Miscellaneous
Total disbursements...
1881-85.
$1,000
100
617
288
158
5 20
513
513
,
1880
1880
1881
1881
1880
1881
1881
1881
1867
1877
1881
1887
1882
1831
6
6
6
3
6
6
6
6
7
7
6
g.
g.
g.
g.
g.
5 g.
6
6 g.
6
6 g.
6 g.
4 g.
5
6
2^
3
5 & 7
5
6 g6
6 g.
7
41e
J.
A.
M.
M.
M.
M.
M.
F.
J.
A.
M.
M.
A.
M.
&
&
A
&
&
A
&
A
A
A
A
A
A
A
J. N. Y„ 50 Exchange pi.
O. London. Baring Bros.
S. N. Y., 50 Exchange pi.
S.
do
do
S.
do
do
N.
do
do
S.
do
do
A.
do
do
J.
do
do
O.
do
do
N.
do
do
N.
do
do
O.
Philadelphia.
S. N. Y., 50 Exchange pi.
J. A J. N.Y., Nat.Bk.Commerce
F. A A.
do
do
A. A O.
do
do
M. A S. N. Y„ R. T. Wilson A Co.
M. A S.
do
do
M. A S.
do
do
Newr York, Treasurer.
Q.-J.
F. A A.
A. A O. Boston, 2d Nat. Bank.
J. A D,
do
'
do
F. A A
do
do
do
do
M’nthly
A. A O.
do
do
J. A J.
do
do
J. A J.
do
do
Jan.
1, 1930
April 1, 1910
March 1, 1921
March 1, 1980
Mar. 1, 1920
May 1, 1931
Mar. 1, 1931
Aug., 1921
Jan. 1, 1897
Oct. 1, 1907
Nov. 1, 1931
May 1, 1937
Apr.l, 1888-89
Sept. 1, 1931
July 1, 1910
Aug. 1, 1911
Jan. 1, 1916
Sept. 1, 1934
Sept. 1, 1934
Sept. 1, 1934
Jan. 2, 1888
Aug. 15, 1887
April 1, 1912
June 1,
Feb. 1,
1890 to
Oct. 1.
July 1,
191.6 A
1923
1905
1891
1900
1898
1917
1887 arrangements were made for extension of a lino which will coimeo
with the Clinch \ralley Division of Norfolk & Western.
Organization, Leases, Ac.—The Louisville & Nashville
was
chartered
March 2,1850, and opened between Louisville and Nashville November,
1859.
The liabilities for interest on the auxiliary roads are treated
mostly a? belonging directly to the Louisville & Nasliv. Co. The South¬
east. & St. Louis RR., which was reorganized after foreclosure of the
St. Louis & Southeastern, Nov. 16, 1880, is leased to the Louisville &
Nashville for 49 years, and the L. * N. issues its bonds as above,
secured on the road, about 210 miles long in Indiana and Illinois,
There is also $999,500 of S. E. & St. L. stock. The fiscal year of L.
& N. ends June 30. Annual election is held early in October.
Stock and Bonds.—At the close of the fiscal year (June 30) 1880 the
capital stock was $9,059,361, and in Nov., 1880. the stock dividend of
100 per cent wras made, raising the amount then to $18,133,513.
All the dividends paid since 1870 were as follows: In 1871, 7 per
cent; in 1872, 7 per cent; in 1873, 7 per cent; in 1877, l1^ per cent;
in 1878, 3 per cent; in 1879, 4; in 1880, 8, and 100 per cent in stook ;
in 1881, 6; in 1882, 3; and Feb. 15,1888, 2 per cent in stock.
Prices of the stock from 1872 to date have heed:
In
1873,
50@79; in 1874, 53@59; in 1875, 361a@40; in 1876, none; in 1877,
26041; in 1878, 35@39; in 1879, 35@89*2; in 1880, 77@174 ; in 1881,
79@110V, in 1882,461q@100%; in 1883,40«*8@58i3; in 1884. 22^ @51J%
in 1885, 22@5134 ; iu 1886,3358@69; in 1887,
0*4; in 1888 to Jan,
20, inch, 6018@()414.
The
general mortgage of 1880 is for $20,000,000, of which the bal¬
unissued is reserved to pay off prior liens, and the mortgage covers
840 miles of road subject to such liens. The Louisv. & Nasliv. LebanonKnoxvilie bonds of 1881 cover 110 miles, subject to prior Ileus, and 62
miles from Livingston to State line as a first lien. The Pen. A Atlantio
is a separate company and the bonds are not a direct liability of the
ance
L. &
N. Co., but principal and interest are guaranteed by L. A N. A
sinking fund begins Feb., 1889. The P. & A. has issued to the L. & N.
$1,000,000 land grant bonds pledged for advances to the P. A A.
The third mortgage trust deed of 1882 is made to E. H. Green and
John A. Stewart .as trustees, and has a sinking fund of 1 per cent
annually, the bonds being purchased or drawn ana paid oil’at 110. Tliese
bonds are also redeemable at any time at 110, and are convertible into
stock. The bonds are secured by a 3d mortgage on the road and by
pledge of a large amount of stocks and bonds (see V. 45. p. 475), the
par value of bonds being $9,633,000 and stocks $18,529,700 ; total,
$28,102,700.
The 10-10 adjustment mortgage bonds were issued in 1384, and
cover 783 miles of main line and branches, subject to the prior liens,
and are. a second lion on the trust securities pledged under the trust
deed of 1882. See V. 39, p. 409.
The Henderson Bridge Co. bonds are not a liability of the L. & N. The
bridge is owued by a separate company, with a stock of $1,000,000, of
which tipi L. & N. Co. holds $501,000; the Bridge Co. is guaranteed
gross receipts of $200,000 per year by the several roads using it.
The mortgage bonds of 1887 on branches are issued at $15,000 per
mile.
U. S. Trust Co. is trustee of the mortgage, and the lien covers the
Cumberland Valley Branch, the Ind. Ala. & Texas RR. and others. (V.
,
44, p. 751.)
Operations, Finances, &c.—The Louisville & Nashville system has
beeu developed in its present extensive form since 1879; the 100 per
cent stock dividend was declared iu 1880 and a few dividends after¬
wards in cash, but from 1832 to 1888 nothing was paid. Pursuant to a
memorial from foreign holders, (V. 46, p. 45) 2 per cent in stoek was
125, 274, 302, 431, 452; V. 45, p. 142, 304.)
paid in Feb., 1883, to represent surplus earnings, aud this policy wras
Louisville Ac Nasliville.—(See Map.)—Line of Road.--Main suggested to he pursued till July, 1890.
line—Louisville to Nashville, 185 miles; branches—Junction to BardsThe annual report for the year ending June 3?, 1887, was published
town, Ky , 17; Junction to Livingston, Ky., 110; Livingston to Jei- in the Chronicle, V. 45, p. 474, and gave full details or the year’s
ioo, Ky., 61 ; Montgomery to Mobile, 179; New’Orleans to Mobile. 141; operations. The surplus net income over annual charges w*as $1,832,branch to Pontchartrain, 5; Paris, Tenu. to Memphis, 259; East St. 253, and the advances to other roads during the year amounted to
Louis, Ill., to Evansville, Ind., 161; June., IU.,toShawneetown, Ill., 41, $1,426,490. Of this the advances to the old roads iu the system
Belleville, Ill., to O'Fallon, Ill., 6; Pensacola, Fla., to Pensacola Junction; amounted to $97,527, which is a claim payable by these several com¬
*Fla., 44 : branch to Muscogee dock, 1; Louisville, Ky., to Newport, Ky., panies. The balance of the advances wTas made to the Birmingham
109; Junction to Lexington. 67; Louisville H. Cr. & W’port. (u. g.), 11; Mineral Railroad Co., Nashville Florence A Sheffield Railway Co.. Cum¬
Belma to Pineapple, Ala., 39; Henderson to Nashville, 135; Junction berland Valley Branch, Bardstown Extension, and Princeton Branch,
to Providence, 16; Pensacola extension, 26; total owned, 1.612 miles;
and amounted to $1,328,962, which wras for new construction and is a
leased and controlled—Junction to Glasgow, Ky., 10; Nashville to strictly capital expenditure. To reimburse capital account for expen¬
Decatur, 119; Decatur to Montgomery, 183; Junction to YVetumpka, 6; ditures, the Louisville A Nashvilie RR. Co. issued aud sold $1,350,000
Junction to Shelby ville, 19; Louisville Transfer, 4; No. Div. Climb. & L. & N. RR. Co. first mortg. five per cent 50 year gold bonds, the mort¬
Ohio, 27; Lebanon to Greensburg, 31
Elkton to Guthrie. 11; total gage being at the rate of $15,000 per mile, and a first and oaly lien
leased and controlled. 410 miles; total operated June 30, 1887. 2,023 on the Cumberland Valley Branch, the Prince ton Branch aud the exten¬
miles. Alter July 1, 1887, the earnings of 79 miles of the leased roads sion of the Bardstown Branch.
ceased to h, included in L & N. earnings, and the Birmingham Mineral
A semi-annual statement to Jan. 1,1883 (V. 46, p. 75), showed net sur¬
road. 11 miles, was absorbed, making total mileage onerated Oct., 1887, plus income over all charges and advances ol $669,985 for tlie half-year.
From July 1, 1887, to Nov. 30, 1887 (5 1110s.), gross earnings were
1,955 miles.
‘
Also owns the Richmond Branch (leased to Kentucky Central). 34 $7,174,736, against $6,381,283 in 1885-6;
net, $2,915,6*0, against
miles, and the Ceeiliau Branch (leased to dies. O. & So. \V.), 46 miles, $2,690,629.
and coutrols, by ownership of a majority of the stock, the Nashville
Fiscal year ends June 30.
For 1886-87 the report was in V. 45, p.
Chattanooga & St. Louis RR., 600 miles; tile Owensboro & Nashville, 88 471, 174 for the Louisville & NashviLle proper.
miles; the Pensacola A Atlantic, 161 miles; the Nashville A Florence
1833-81.
18*4*5.
1835-36.
1886-87.
RR., 56 miles; Birmingham Mineral Railroad, 11 miles, and Henderson Total gross earns
$14,351,093 $13,936,347 $13,177,018 $15,080,584
Bridge and connecting track, 10 miles—total, 1.006 iniler; also, as joint Oper’g ex. (excl.tax.) 8,823,782
8,182.255
8,213,295
9,047,052
lessees with the Central of Georgia, is interested in the Georgia Railroad
and its auxiliaries, 679 miles. Grand total of roads owned, leased and Net earnings
5,527,311
5,754,092
4,963,723
6,033,532
controlled by ownership of stoek, June 30, 1887, was 3,707 miles. In Per ct. of ex. to earn.
,61*48
58*71
62*33
59*99
RAILROAD STOCKS
January, 1888.]
MAP OF THE
LOUISVILLE & NASHVILLE
RAILROAD
and connections.
,
PortaglsCity
V.OUIS
♦♦♦
AND BONDS.
05
66
INVESTORS’
Subscribers will confer
a
SUPPLEMENT.
great favor by giving Immediate notice of any error discovered in these Tables,
DESCRIPTION.
For.
explanation of column headings, Ac.
on
Vol. XLVIe
see
I Miles
0j
notes!
first page of tables.
: Road.
Date
of
Bonds
Size,
Bonds—Prinol
)al,Wben Due
Where Payable, and by Stocks—Last •
INTEREST OR DIVIDENDS.-
or
Amount
Par
Value.
Outstanding
Rate per
Cent.
When
Payable
Whom.
Dividend.
Maine Otntral— (Gontinued)—
European A North American (Bangor loan)
Ci
Leeds A Farmington Railroad loan
c;
Androscoggin Railroad, Bath City loan
ci
Portland A Kennebec, consolidated mortgage...cl
Manches. <£ Law.— Stock,lOp.c.ren’ltill 1937,B. AM.:
Mannattan (Elev.)—Consol, stock
j'
Metropolitan Elevated. 1st mortgage
i
do
2d M. (guar, by Manliat’u).1
N. Y. Elevated, 1st M.(payable at 105 after 1890);
Consolidated mortgage (for $15,000.000)
Marietta Columbus & V.—1st M.,gold,(Mar.Mineral) j
Marietta & North Georgia.—1stM., gold,$7,000p.ut.
2d mort. ($0,000 per mile)
*
New 1st mortgage, gold ($17,300 per mile)
c *
50
30
30
71
20
2dM.,ser.“ A,”g.,inc. accum (for$17,175.000).c*
do., ser. “B,”g., inc non-ac. (for $17,175.000)...r!
$500Ac,
$1,000,000
LOO Ac.
100 Ac.
100 Ac.
100
100
1.000
1.000
633,000
....
32
is
is
14
" 45
120
120
112
156
150
50
90
Marquette H. & O— Common stock
i
Pref. stock (6 per cent div. guar, by D. S. S. A A.)!
1st mort., M.AO., conn. (int. guar, by D. 8. 8. A A.)
M. H. AO. mortgage (int. guar, by D. 8. S. A A.)..!
Bonds for extension, Ac., guar
'
M. H. & O. 1st mortg. on Mar. A West., guar
I * **”
Memphis <& Charleston—Stock
3*3*0
1st & 2d. mort. extension bonds, Ala. Ac Miss. Div.
181
2d mortgage, extended
!
Consol.,gold ($1,400,000 lstm. on 93m. in Teiin.) : 292
General mortg., gold
j 292
Mexican Central (Mexico.)—1st mort., reg., gold ...'l,481
Income bonds, conv., not cumulative, reg
1
Coupon notes for interest funded
;
Debentures (secured by collateral) (V. 39. p. 733)
””
Mexican National—1st M., new, gold ($9,000 p. m). 1
1869
1871
1866
1865
""
1878
1879
1876
1888
1885
1881
18»1
1887
1,000
160 Ac.
1^
6
6
7
5 g.
6 g.
6 g.
g g.
6 g.
4
3
8
6
6
6
4.000,000
8,500,000
2,000,000
650,000
1,000
l,0-.»0
130,000
800,000
2,373,670
3,278,456
1,427,500
576,200
1,500,000
1,400,000
5,312,725
2,155,000
105,000
7
7
1,000
1,000
2,264,000
7 g.
1,000
42,879,000
9,075/'00
3,825,570
2,500,000
10,500,000
25
•
m
m
m
...
1,000
1884
1885
1837
1887
18S7
1.000.000
24,872,240
10,818,000
56 4,000
1,000
1,000
1,000
1854
1867
1877
1884
1881
425,000
1,166,700
J.
J.
1.000
100
100
100 Ac,
1872
1878
1883
1885
6
6
6
6
5
100, Ac.
1.000
1.000
500AC.
500 Ac.
1,000,000
6
g.-
4 g.
3
10
10
6 g.
6 g.
6 g.
12,161,000
12,165.000
A J. Bost., Merch’ts’Nat.Bk. Jan. 1, 1894
A J.-Boston, 2d Nat. Bank.
July, 1896
do
do
Q.-J.
July 1, 1891
A. A O.
do
do
April 1, 1895
M. A N. Manchester and Boston. Nov. 1, 1887
N. Y.. 71 Broadway.
Jan. 3, 1838
Q.-J.
J. A J. S. Y., Mercantile T. Co.
July. 1908
M. A N.
do
do
Nov. 1, 1899
J. A J.
do
do
Jan. -1. 1906.
J. A D.
do
do
1988
M. A N. !N.Y., Farmers’L.AT.Co
May 1, 1915
J. A J. N.Y.,Boody,McLel.ACo. July 1, 1911
J. A J.
do
July 1, 1911
J. A J.
do
Jan. 1, 1937
In 1883
F. A A.
N. Y., 10 Wall St.
Aug. 15, 1887
J. A D. Boston, N. Eng. Tr. Co.
June 1, 1892
M. A S.
do
do
Mar. 1. 1908
do
J. A D.
do
June 1, 1923
A. A 0.
do
do
April 1, 1925
.
^
„
J. A J. N.Y.,W.H. Brown A Bros.
J. A J.
do
do
J. A J.
do
do
J. A J.
do
do
J. A J.
Boston, Office.
do
July 1
J. A J.
do
A. A 0.
do
J. A D.
New York.
M. A S.
do
April 1 1
do
INCOME ACCOUNT.
Receipts—
Net earnings
1883-84.
1884-85.
$
5,527,311
Income from invest’s
272,833
$
5,754,092
198,591
Total income
Disbursements—
Taxes
Rentals
Interest on debt
Divid’sonL. &N..N.
AD.andM. A M...
5,800,144
309,450
Georgia RR. deficit..
Miscellaneous
Total disbursements.
67,000
1885-S6.
$
4,963.723
207,807
5,952.683
5,171,530
6,513,390
Deficit
379,845
370.814
365,317
58,333
15,000)
4,085,706 i
f
-
4,026,543
113,090
11,000
8,377
116,242
4,716,145
4.637,806
4,260,310
117,095 J
49,299
7,542
44,815
10.297
55,480
4,643,727
4,681,137
1,832,253
11692,495
GENERAL BALANCE AT CLOSE OF EACH FISCAL YEAR.
Road,equipment, &c.
$
67,776,064
Timber A quar. lands
688,024
Stocks owned
t6.904,853
Bonds owned
4,050,673
Stks Abds. held in tr’tU 9,527,878
BUls A acc’ts. receiv.
1,922,803
Materials, fuel, Ac..
Caelionhand
So. &No. Ala. RR...
Nash. & Dec. RR....
Other roads §
C. C. Baldwin acc’tj.
Sinking fund
762,273
297,316
1,565,968
599,478
1,172,928
1,005,929
50,000
Profit and loss
1884-85.
$
1885-86.
-
67,930,874
689,941
2.005,590
4,249,861
9,527,878
1,771,487
726,624
404,714
1,733,805
603,250
1,567,793
850,809
50,000
2,479,344
1886-87.
$
$
68,433.991- 68,936,040
598,746
434,316
1,298,347
1,708,981
4,435,098
6,262/598
9,527,878
1,935,654
926,262
303,976
2,071,723
9,527,878
618,148
635,978
850,S08
1,«51,439
1.044,803
1,375,143
178,432
632,140
2,230.943
850,808
2,068,666
Total assets
Liabilities—
Stock
Bonded debt*
Louisville bonds....
Debentures
Bills payable
Interest
Miscellaneous
June pay-rolls, Ac..
Profit and loss
96,324,187
$
94,591,970
93,705,275
$
30,000,000
57,530,712
850,000
30,000,000
61,958,314
850,000
$
30,000.000
61,355.254
Total liabilities..
96,324,187
201,000
95,034,024
$
30,000,000
61,999,596
........
475,759
34,933
1,236,152
2,067,565
189,279
499,435
34,774
1,060,168
1,571,937
94,591,970
93.705,275
41,229
501,52«
34,327
377,796
504,929
327,918
1,287,874
535,911
95,034,024
*
The bonds deposited in the $10,000,000 trust have been deducted here
t Includes $5,000,000 L. Ac N. stock unissued.
X An open account, the company claiming that Mr. Baldwin is indebted
to it in this sum
Less $8,633,000 bonds pledged and $3,070,960 included in cost of
road.
Louisville New Albany & Chicago—(See map)—Operates from
New Albany, Ind. (opposite Louisville, Ky.), to Michigan City, Ind.. 289
miles; Howland Junction to Hammond, Ind., 160 miles; Bedford, Ind.,
City, 43 miles; Orleans, Ind.. to French Lick Spr., 17^2
miles; total owned, 509 miles; leased—Hammond to Chicago, 20 miles;
Howland’s Junction to Indianapolis, 4 miles; New Albany to Louisville,
5 miles; total leased, 29 miles; total operated, 617 miles. A lease for
999 years with Chicago & Western Indiana at $127,000 per year
gives
Mo Switz
entrance to Chicago.
The Louisville New Albany Ac Chicago was opened in 1852 and sold
In foreclosure Dec. 27, 1872, and reorganized without any bonded debt.
In Aug., 1881, consolidated with Chicago & Ind. Air Line, and stock
Increased to $5,000,000, giving 15 per cent increase to stockholders of
record Aug. 31.
The consolidated bonds of 1886 were made for the authorized amount
of $10,000,000, of which $5,300,000 was reserved for the prior tirst
mortgages, $3,000,000 used to exchange for 2d mortgage bonds of
1883 and general mortgage bonds of 1884 outstanding, andthe balance
$1 ,700,000 used for building new road, for improvements. Ac. In June,
1887, all the car trust certificates were paid oil’.
Fiscal year ends Dee. 31. The annual report for 1S86 was in V. 44,
p. 584. Earnings, expenses and charges have been as follows :
1884.
1885/
1886.
Gross earnings
$1,561,436
$1,680,454
$1,919,189
Operating expenses
1.365.144
1,332,035
1,278,528
Net earnings
$199,292
$348,418
$640,661
Jan. 1,
June 1,
July 1,
1895
1927
1917
July 1, 1917
1884.
1885.
1886.
$369,300
213,823
$369,300
50,000
50,000
$161,538
223,869
50,000
trust bonds..
217,951
charges....
of roads, and forms the connecting link in that
system across the
Continent from Norfolk to San Francisco. The income bonds are a first
mortgage 011 750,000 acres of laud in the Yazoo Delta. The first mort¬
gage bonds are issued at $30,000 per mile on the main line and $20,000
per mile on the branch lines. The second mortgage bonds are “ in¬
comes,” receiving Interest only when earned; but interest only begins
to run Sept. 1, 1888 ; unpaid interest is cumulative, with interest
thereon at the rate of 5 per cent; after Sept., 1888, these bonds
may be
paid off at 105. The Union Trust Co. of New York is trustee of the 1st
and 2d mortgages, and Edward H. Pardee and Albert Crolius of a new
land grant income mortgage which has been executed to take
up the
old income bonds; but none yet issued. From Jan. 1 to Nov. 30, in 1887
(II months), gross earnings were $1.912,828, against $1,531,406 in 1886;
net, $553,297, against $416,459. Gross earnings for year 1886, $1,803,785; net, $551,222. Gross earnings in 1885, $1,390,717; net earnings,
$360,711.
Mr. R. T. Wilson, Pres., N. Y.
(V. 44, p. 60, 185, 308, 434;
V. 45, p. 512.)
Lykens Valley.—Owns from Millersburg, Pa., to WilliamRtown,
branch, 1 mile; total operated, 21 miles.
It is a
operated by the Northern Central Railroad since
July, 1880, and previously by the Summit Branch RR. The lease is for
999 years from March 1, 1866, and the rental is $62,500 per annum.
Pa., 20 miles;
coal road leased and
Central.—Mileage
as
follows:
Mainline, Portland to Ban-
for, Me., via Augusta, 136 6 miles; branches, Cumberland Junction to
kowlicgan, 90 7 miles; Bath to Farmington. 71*2 miles; Crowley’s
Junction to Lewiston, 4-7 miles; total owned, 303-2 miles. Leased—
Burnham Junction to Belfast, 331 miles; Newport Junction to Dexter,
14 miles; Brewer Junction to Bucksport, 1ST miles;
Bangor to Vance-
boro, 114-1 miles; Penobscot Switch to Mt. Desert Ferry. 41*7 miles
total leased, 221 miles. Total operated Sept. 30, 1887, 527-2 miles.
;
This was a consolidation in 1862 of the Androscoggin A Kennebec
Railroad and the Penobscot Ac Kennebec. In August, 1873, the Port¬
land Ac Kennebec, Somerset Ac Kennebec and Leeds Ac
Farmington rail¬
roads were also consolidated with the Maine Central.
There are also $58,000 5 per cent debenture bonds due 1894 and
$42,000 Shore Line 6 per cents, due 1923. Sinking fund, Sept. 30,
1887, held $58,602.
Fiscal year ends Sept. 30.
Report for 1886 7
was
in V. 45. p. 854.
FISCAL RESULTS.
1883-84.
1884-85.
1885-86.
1886-87.
earnings
Expenses and taxes.
$2,816,373
$2,839,779
1,750,710
1,730,902
$3,001,076
1,920,740
$3,142,407
1,943,480
Netearnings
$1,065,663
$1,108,877
$1,180,336
$1,193,927
'
£ Including construction of new roads.
—(V. 44, p. 59, 185, 308,434, 458, 586, 713, 751; V. 45, p. 26, 239, 304,
457, 471, 472, 474 ; V. 46, p. 45, 75.)
July 1, 1911
July 1, 1911
July 1, 1889
$633,123
$637,251
$735,407
$533,831
$288,832
$94,747
Percentage of operating ex.
87 26
79*27 =
66*62
William. Dowd, President, N. Y.
(V.44,p. 59,90, 342. 401, 553, 584 »
621, 713; V. 45, p. 437; V. 46, p. 102.)
Louisville New Orleans Ac Texas—(See map)— Line of road
Memphis, Tenn., to New Orleans, La., 456 miles; Lelandto Huntington,
Miss., 22 miles; Washington Co. branch, 35 milcR—total owned. 513
miles. Leased—Clinton to Port Hudson, La., 22 miles; total operated,
531 miles. This road was built in the interest of the
Huntington system
Maine
529,800
3,599,266
on car
Total
4,207,223
1883-84.
Rentals, insurance and taxes.
Interest
$42,012 to be refunded, included m surplus.
$164,692 to be refunded, included in surplus.
Assets—
Interest
6,033,532
479,858
Balance, surplus
tl,116,337 jl,356,890
t $32,338 to be refunded, included in surplus,
j
j|
1886-87.
$
Jan. 1. 1915
1915
Jan. 1, 1915
Jan. 1, 1924
Total gross
INCOME ACCOUNT
Receipts—
1883-84.
1884-85.
1885-86.
Net earnings
Other receipts
1836-87.
$1,065,663
$1,180,336
10,421
$1,108,877
7,828
$1,193,927
7,400
8,870
Total income....
Disbursements—
Rentals paid
Interest on bonds...
Dividends
$1,076,084
$1,116,705
$1,187,736
$1,202,797
$139,000
$189,000
661,395
701,767
215,532
215,541
$189,000
707,130
215,578
$189,000
717,068
215,598
Total disburse’s
$1,063,927 $1,106,308 $1,111,708 $1,121,666
Balance, surplus
$10,157
$10,397
$76,028
$81,131
—(V. 43, p. 102, 217, 334, 458, 618, 773: V. 45, p. 820, 854.)
Manchester Ac Lawrence.—Owns from Manchester, N. H., to
Methuen (State Line), 22*4 miles;
leased, Methuen Branch of the
Boston Ac Maine Railroad. 3% miles; total operated, 26 miles.
Road in
operation since 1849. Methuen branch is leased at a rental of $11,000
per annum. Company lays claim to a two-fifths interest in the Man¬
chester Ac North Weare RR., which is operated by Concord RR.
In June, 1887, the M. Ac. L. voted to lease its road for 50 years to
Boston A Maine at a rental paying 10 per cent dividends. The fiscal
year ends March 31. Gross earnings in 1885-86, $177,802; net, $100,569.
In 1886-7, gross, $172,524 ; net, $100,691.
(Y. 44, p. 807.)
Manhattan Elevated.—Road operated, 32*39 miles. This was a
corporation formed (Nov, 24,1875) to lease and operate the two elevated
railroads in New York City.
Its capital stock was $13,000,000, and
jANrARY,
1888.]
RAILROAD
STOCKS
AND
BONDS
67
68
INVESTORS’
SUPPLEMENT.
[Vol XLVI,
RAILROAD
January, 1888.]
Subscribers will confer
a
STOCKS
AND
BONDS
69
great favor by giving immediate notice of any error discovered in these Tables.
DESCRIPTION.
Bonds—Princi¬
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal,When
due,
Amount
For explanation of column headings, &c., see notes
of
of
Par
Rate per When Where Payable, and
by Slocks—Last
on first page of tables.
Road. Bonds 1 Value. J Outstanding
Cent.
Whom.
Payable
Dividend.
[
Mexican Nat.—(Con.)—3dM., del), (inc.,
notcuml.g.1
1887
1880
1881
....
Texas-Mexican, Corpus Ch.S.D.A R.G.. 1st M.,gd. t 101
do
1st mortgage, gold ($15,000 p. m.):
165
Michigan Central—Stock
J 1,502
Consolidated mortgage ($2,000,000 are 5s)
270
i
180-23.
103
10
!
I
M. C. Michigan Air Line mortgage. ....
Michigan Air Line 1st mort., assumed by M. C
M. C. bonds, mort. on Grand River Valley RR.
Kal. & So. Hav., 1st and 2d morts., guar
Grand River Valley, stock, guar..
Detroit <fe Bay City 1st en’d. and bridge
M. C.mort. on Detroit* Bay City Railroad..^
Jackson, Lansing * Saginaw, consol, mort
....
1872 1
1870 f
84
39
j
j
84
J
145
145
236
298
13
;
Jackson Lansiug & Saginaw consol, mort
Middletown TJnionville <£ Water Cap— 1st mortg. ext.
do
do
2d mort. guar
Milw. Lake Shored; West—Comm an stock
Preferred stock
Consol, mort., gold
Income bonds (not cumulative)
-
|
j
|
Equipment bonds
j
Michigan Div., 1st mortg gold (for $3,000,000)..!
Ashland Division, 1st mortgage, gold
St. Paul Eastern Grand Trunk, 1st, gold, int.guar.
Funding notes
580
580
340
....
....
85
40
50
,
Equip went
-
Convert, debentures for $2,000,000 gold
•
....
Ontonagon, 1st M.. gold (redeemable at 105) —c
Milwaukee <£• Lake Winnebago—1st mortgage, gold.
16
65
Income bonds,
gold (cumulative)
Debentures, gold
....
Milwaukee & Northern—1st mortgage
1st mortg. on extension ($17,000 per mile)
126
174
-
.
1.000
1,000
710.000
491,200
424.000
1,000
3,576,000
1.000
1 943,000
1,100,000
150.000
250,000
1,000
....
....
100
100
2,000,000
5,000,000
1,000
4,350,000
....
1881
1881
1882
1834
1885
1833
1835
1885
1887
1886
1882
1882
1834
1880
1 1884
1,156,000
5 g.
225,000
6 g.
6 g.
5 g.
6 g.
6
6
Net
i.ooo
Balance
Deduct dividends
Surplus
1836-7.
$7,420,216
$8,102,062
3,900,191
4,970,450
$3,032,584
1,459,043
$3,400,024
1,800,393
$3,132,212
1,554,080
$1,459,097 $1,573,541
1,170,000
1,500,000
$1,059,631
1,500,000
$1,578,132
1,500,000
$99,031
$18,132
1,381,713
$289,097
$13,541
The following is a statement of the number of passengers carried on
the elevated lailroads in New York, and the gross earnings, siuce the
completion of the roads :
Passengers.
Karnings. !
Passengers.
1878-79.. 40,045,1 si
$3,520,825 1883-«4.. 96,702,020
1879 80.. 00,831,757
4,012,970 1884-85.. 103,354,729
5,311,070 1885 86.. 115,109,591
75,585,778
86,301,029
5,973,033 1830-87..158,963,2|2
92,124,943
0,380.500
—(V. 44, p. 173, 244, 021, G54; V. 45, p. 272, 301,
V. 40, p. 75.)
$0,723,832
7,000,506
7,426.210
8,102,662
jB-il,673, 727, 856
pleted in the fall of 1880, from Marietta, Ga., to Murphy, N. C., 112
miles, and is project' d from Atlanta, Ga., to Knoxville, Tenu., 200
miles. Stock is $1,500,000. About $l,5l'0,000 has been subscribed by
interested parties, inc lading $275,000 bv the city of Knoxville; and to
provide additional means required to finish and equip the road, and to
retire all the bonds heretofore issued, the company has mortgaged its
entire road, built and to be built, to the Central Trust Company of New
York, to secure first mortgage consolidated bonds for $4,500,000. After
1897 $15,000 yearly will be paid to a sinking fund for these bonds. The
whole amount of bonds heretofore issued was $1,100,000, the holders
of which have the right to exchange for bonds of the new issue, and
more-than half of the holders have assented to tiie exchange1, Gross
earnings in 1886-87 were $77,306; net, $40,203. R. M. Pulsifer, Presi¬
dent, Boston. (V. 43, p. 547, 578, 007; V. 40, p. 75.)
Marquette Houghton Sc Ontonagon.—(.Sec Map Duluth South
Mien., to Houghton, 113 miles;
branches, 43 miles; total operated, 150 miles. Has a land grant of about
80,000 acres. Business consists largely of transportation of iron ore.
In Oct., 1886, a controlling interest was purchased by a syndicate in
Shore d A.)—Owns from Marquette*,
the interest of the Duluth South Shore & Atlantic RR., with which
company a close contract was made under date of April 15, 1887, by
which the D. S. S. & A. operates this road and agrees to pay the interest
on bonds and six per cent yearly on the pref. s ock as it stands above.
The report for 1886-7 showed the following: Net income., $427,995.
Disbursements—Interest on debt, $305,552 ; dividends, $56,407; total
disbursements, $362,019. Balance, surplus, $65,976. (V. 43, p. 547;
V. 44, p. 681; V. 45, p. 142.)
of East
Tennessee
Vir-
Sinia
<& Georgia).—Owns
Somerville 14
from
Memphis
to Stevenson,
272 Steven¬
miles;
ranches—to
miles,
to Florence
6 miles;Ala.,
leased,
son to
Chattanooga, 40 miles; total operated, 330 miles.
!
979,000 [
This road
was
6
8
6 g.
6 g.
6 g.
7
6
<fe
&
&
&
&
&
&
&
*
*
&
*
&
*
&
New York.
J.
do
J.
do
A. Grand Central Depot.
N. N. Y., Union Trust Co.
J.
do
do
N.
do
do
S.
do
do
N.
do
do
J.
do
do
N.
do
do
S.
do
do
8.
do
do
S.
do
do
N. N. Y„ N. Y. Susq. & W.
D.
do
do
1937
July 1, 1901
July 1, 1921
Feb. 15,1888
May 1,1902
Jari. 1,1890
Nov., 1890
Sept., 1909
Nov. 1, *89-90
Jan., 1888
May 1,1902-3
Mar. 1, 1931
Sent, 1, 1891
Sept. 1, 1891
1911
1896
Yearly. N.Y., N. Bk. of Com’rce Jan. 14, 1838
I.
do
do
Jan. 14, 1888
N.
do
do
May 1, 1921
N.
do
do
May 1, 1911
J. &
M. &
M. &
J. &
J. &
M. *
J. &
J. &
J. &
F. *
A. *
J. &
J. &
A. &
1 J. &
J. &
|
J. N. Y., S. S. Sands & Co.
J.j N. Y. Bk. of Commerce
do
do
S.i
J. N. Y., S. S. San Os & Co.
D.
do
do
J.
do
do
A. N. Y., Bk. of Commerce
O.: N. Y.. S. S. Sands & Co.
J.| Now York & Boston.
J.
do
do
do
do
O.i
D.! N. Y. ,Merch.E xcli. N. Bk
D. i
do
do
1892
July 1, 1924
Mar. 1, 1925
Jan., 1, 1913
1888
1890-95
Feb. 1,. 1907
April 1,
July 1,
July 1,
April 1,
1896
1912
1912
1904
June 1, 1910
Juno 1, 1913
leased June 2, 1877, to the East Tennessee Virginia & Georgia
Rail¬
road for twenty years from July 1, 1877, but this lease was vacated
April 29, 1887. Of the consolidated mortgage, $1,400,000 are secured
by the old Tennessee State lien for $1,736,906, assigned to a trustee, and
thus stand higher in value. There are also $
ear trusts.
The East Tennessee Virginia & Georgia RR. in Sept., 1885,
placed a
majority'of the stock in the Central Trust Co. for control The validity
of this ownership of stock is contested
by the minority stockholders,
and a suit is pending.
Frdm July 1 to Nov. 30 in 1887 (5 months), gross
earnings were $793,054, against $071,834 in 1880; not. $266,525, against $277,165.
For the year ending June 30, 1887, gross earnings were
$1,606,772;
net, $111,280; surplus over interest, etc., $20,021, and in 1885-86 $1,323,529 gross and $386,315 not.—(V. 44, p. 22, 149, 300, 551, 713; V.
45, p. 26, 180, 239, 272, 394, 437, 613, 705. 727, 742.)
Mexican Central
(Mexico).—In Deo., 1887, the mileage was—
Main line from Mexico City north, to El Paso del Norte 1,225
miles,
106 miles on Tampico Div ision, 11 miles on Guanajuato Branch, 53 miles
on
Guadalajara Division, and 16 miles on the, Pacitlo Division, and a
branch, 7 miles, to stone quarry, made a total of 1,418 miles. Other work
iu progress.
The company was incorporated Feb. 25,1880, under the
general law
of Massachusetts, and by transfer the
company holds the charter from
the Mexican Government, granted Dec. 5, 1874, for a road from Mexico
City to Leon, and by modification including lines to Paso del Norte.
Guadalajara and Laredo. The company also lias other rights granted
by the State of Chihuahua.
The company had a subsidy from
the Mexican Government of $15,200 per mile on most of the lines,
payable in “ certificates of construction to be redeemed with 8 percent
of all duties produced at the maritime and frontier custom-houses of
the Republic.”
In June, 1885, the Mexican Government stopped pay ¬
ing all subsidies,but resumed July, 1886, on a basis of ^ of 1 per cent,
increased to 1 p. et. Jan. 1, 1887, and after that 1 per cent every six
months, till July, 1890 the full 8 per cent is reached. The incomes are
convertible into stock at par. The stock is $30,501,300.
The above 10 per cent coupon notes are secured by deposit of
coupons,
and by an amount of Mex. Gov’t subsidy certificates equal to the prin¬
cipal and int. of the coupon notes. Of the 1st mort. bonds $2,500,000
additional are deposited as collateral for tlie debenture bonds.
In
Earnings.
Marietta Columbus A Nortlier i,-( S'cc Map) - Road from Mari¬
etta, O., to Joy, O., 41 miles; branch Big Run to Stuart, 4 m. Formerly
the Mark tra Mineral road, and name changed (no foreclosure). The bon’d
issue is limited to $050,000 on 45 miles of road. An extension North
to a connection with the Columbus * Eastern is under construction.
This company controls shipments from the Federal Valley coal mines
and coke ovens. In 1887 net earnings were $45,240. Walter Stanton,
ll^Yall street, N. Y., President.- (V. 46, p. 33.)
Marietta A; IVortli Georgia.—This narrow-gauge road was com¬
Memphis Sc Charleston.—(See Map
1,430,000 1
520,000 i
200,000 j
2,155,000 j
....
$7,000,507
3.907,983
earnings....$2,841,410
Interest and rentals...
100.000
500,000
1,000
In 1880 the debentures of the New York Elevated were issued for
advances made by the Manhattan Co. for improvements, Ac., and in
1838 the authorized issue of $15,000,000 new bonds covers all these
and future needs. See V. 4 5, p. 850 ; V. 40, p. 75.
The stockholders of the Manhattan Eievated RR. had the privilege
July, 1880, of taking $000,000 stock and $000,000 bonds of the Subur¬
ban Railroad Co. on certain terms. See V. 43. p. 49.
The reports for year ending S<*pt. 30 have shown the following income;
Gross earnings
$6,720,359
Operating expenses... 3,881,949
6 g.
1,000
Wagner suiis referred to in V. 44, p. 173.
Dividends prior to 1888 were: In 1884, 3 per cent; 1885 to 1887, in¬
clusive, 0 percent. Range of prices of consolidated stock since 1883
has been as follows: In 1884, 64hr2>79; in 1885, 65® 123^; in 1880,
120^175; in 1887, t)21g <i lGl7©; in 1888 to Jan. 20, inclusive, 88^90.
1885-0.
!
312
150,000 i
1,281,000 1
1,000,000
923,000 i
original lease of May 20, 1870, guaranteed 10 per cent per annum
this lease was amended in October, 1881, by agree¬
ments among the three companies, which were supplemented by an
agreement of Nov. 14. 1881; but this was defeated by the Metropolitan
stockholders after litigation
In June, 1884, a new compromise agree¬
ment was made and afterward ratified by the stockholders of the three
companies by which all liabilities were assumed, and new stock was
issued by the Manhattan Company to the holders of stocks in the other
companies, viz: For Manhattan, 85 per cent in new stock; for New York,
120 per cent; for Metropolitan, 110 per cent.
There are large claims pending against the elevated roads for damage
to property on their lines, and many of these are before the courts. The
Court of Appeals’ decision was against the Company in the Lalir and
1884-5.
8
5
8
6
5 g.
5
4
1,000
1,000
1,000
1,000
1,000
1,000
the stocks, but
1883-4.
2^
500.000 |
the
on
-
8
8
6
8
1.000
1,000 1
1,000
1,000 !
May 1
J.
J.
F.
M.
J.
M.
M.
M.
J.
M.
M.
M.
M.
M.
J.
7*5
1,500,000
100
....
6 g.
7 g.
6 g.
2
200.000
1,000
.
1872-3
1881
1871
1880
1806
1871
....
!
1870 j
’79-80
’09-70
1,000 i $7,040,000
1,000
960,000
1,000 !
1.380,000
100 j 18,738,204
1,000 1 10,000,000
1,000
1,900.000
Dec., 1885, it
proposed to reduce the interest
on 1st mortgage
agreement to pay t lie remaining 3
per cent
when earned, but not to be cumulative, and
nearly all the bondholders have assented to this arrangement and ex¬
changed their 7 per cent coupons for a.sheet of 4 per cents. In July,
1880, and Jan., 1887, coupons were paid
in cash and
in assented
bonds
to. 4
was
cent,
in any year
per
with
an
j 1stFrom
mortg. bonds in treasury of company, after that in cash.
Jan. 1 to Nov.
30, 1887 (11 months), gross earnings were $4,346,524. against $3,410,726 in 1886; not, $1,8*>2,355, against $1,172,702
(in Mexican currency).
The annual report for 1886 was in V. 44, p. 619, 625, showing gross
earnings of $3,857,705; net, $1,404,617, equal in U. S. money to $1,102,-
071; subsidy collections in 1880, $58,437. Total subsidy collections
from the beginning, $3,782,492, equal to $3,237,589 in U 8. money.
—(V. 44, p. 22, 149, 211, 240, 275, 308, 343, 460, 6 l 9, 625, 681; V. 45,
p. 53, 113, 437, 613, 820, 856 ; V. 46, p. 102.)
Mexican National Railroad (Mex.)—The road was completed
from Corpus Christ! to Laredo (Texas Mex. RR.), 161 miles; Laredo to
Saltillo, 237 miles; Matamoros Div., 76 miles; branches, 7 miles; total
Northern Division, 481 miles; City of Mexico to Paszcuaro, 273 miles;
Acambaro to San Miguel. 76 miles; El Salto line, 42 miles; branches, 13
miles; total Southern Div., 404 miles; total road finished, 885 miles,
leaving a gap of about 370 miles to be completed to connect the North¬
ern and Southern divisions.
Tlio Texas-Mexican belongs to this com¬
pany and forms pare of its line, the Mexican Nat. owning $1,196,000 of
its binds, and nearly its whole stock of $2,500,000; a'so $248,000 of the
Corpus Christi bonds. The company received a subsidy of $11,270 per
mile of road, secured by 6 per cent of the Government receipts from
customs. In July, 1885, sub-idy payments were suspended, but resumed
on a graded scale.in 1880.
See V. 43, p. 103.
Foreclosure took place May 23, 1887, and a new mortg. at $9,000 per
mile ($12,500,000) was placed on the whole road, most of this to be used
to complete the gap of 370 miles ; these bonds may he redeemed at par.
The second mortgage bonds are incomes, series “ A” being cumula¬
tive (and the full interest being a charge ahead of series “B” bonds,
which are non cumulative). Trustees of 1st mortgage are H. M. Matheson and Cba-. Magniae, of 2d mortgage J. A. Horsey and Lyman K.
Bass and of Income mortgage C. J. Canda and H. A. Risley. The stock
is $33,350,000, and is placed in trust, leaving road in control of bond¬
holders until interest lias been paid for two consecutive years on both
classes of bonds.
(See V. 43, p. 598, and V. 44, CHRONiCLb; of March 19,
1887, p. V. of advts.)
From Jan. 1 to Nov. 30 in 1887 (11 mos.), gross earnings were $1,624,860, against $1,589,051 in 1886; net, $193,500 against $288,043.—(V.
44, p. 275, 369, 401, 681; V. 45, p. 232.)
Michigan Central.—Line op Road.—Main line—Kensington to
Detroit, 270 miles; and Windsor to Suspension Bridge (Can. So.). 223
miles; total main line, 496 miles. Branches owned and leased—Mich.
Air Line RR., 115; Jol. & No. Ind., 45; Grand River Valley, 84; Jaok.
Lan.Ji Sag.,
295; Kal. & So. Hav., 40
;
Det. & Bay City, 152; Sag. Bay
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illfield
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RAILBOAD
January, 1888. J
Subscribers will confer a great favor
DESCRIPTION.
For
17*2
121-
1st mort., coup
1st mort., gohL on Calumet extension
4^
Houghton extension, gold
Mortgage of October, 1896
Minneapolis & Pacific— 1st mortg., $15,000 p. mile
Minneapolis & St. L— 1st M., Min. to Merriam June.
....
261
27
93
15
102
1st mortgage, Merriam Junction to State Line
1st mortg., Minneapolis to White B. Lake, guar..
1st mortgage, goid, coup. (Al. Lea to Fort Dodge)
..
360
Imp. and equip. M., 1st ser., junior lien on road .c*
53
224
92
205
495
100
100
2d. has., inc.,5A lOvrs. (White Bear to Ft. Dodge)
1st
mortgage, gold, Pacific Extension
Wis. Minn. A Pacific.—1st mortg
Minneapolis Sault Ste. Marie & Atlantic—1st M., g
Mississippi <£ Tennessee—1st mortgage, senes “A”.
1st mortgage, series “B,” (a second lien)
,
Missoun Kansas <& Texas—Stock
Date
of
Bonds
Size,
1873
1885
1886
1896
18^6
1877
1877
1877
1879
1882
1880
1880
1881
1884
1886
1877
182
100
786
(U.P.S.Br)
Consolidated mortgage, gold, on road and land...
2d m.. income, exchangeable for genl. m. 5 per ct.
786
Booneville Bridge bonds, gold, guar
General consol. M.,gold ($9,338,000 are 5s)
1,565
East Line A Red River
Hannibal A Central Missouri, 1st and 2d mort
70
Intemat. A Gt. North’ll, 1st mort., gold
776
do
2d mortgage
776
do
Colorado Bridge bonds
....
...
....
or
Amount
Outstanding
$50
$4,091,900
INTEREST OR DIVIDENDS.
\Bonds—Princl •
Stocks- Last
Dividend.
3 is
29a
J.
198,000
8
J.
1,000
500 Ac.
100 Ac.
100.000
5
100,000
250.000
3*733,000
5
A.
J.
J.
J.
J.
J.
500 Ac.
1.000
1.000
1877
2,000,000
1.000
1,382,000
3,080,000
636,000
9,356,700
977,000
1,003,000
100
46,405,000
8
8
346,000
14,877,000
719,500
823,000
27,219,000
347,000
696,000
1879
1,000
7,954,000
500 Ac.
7,054.000
225,000
A.
A.
J.
A.
6 g.
6
5 g.
2,067,000
1881
1880
....
M.
7 g- J.
6
J.
7
J
7
J.
500.000
1,000
1,009
1,000
1.000
....
7 g.
7 g.
7 g.
1,015,000
1,000
1,000
1,000
1868
1,000
1870
1,000
1871-3
1,000
1876
500 Ac.
1873
1,000
1880-6
1,000
1880
1870
1,000
5
950,000
280.000
;
6
7
7
6
7
5 A 6
6
7
6
6
7
J.
g.
g.
g.
g.
g.
g.
g.
A
J. Phila,,
Office, 119S.4th
Q.-J.
4
455,000
discovered in these Tables.
Rate per When Where Payable, and by
Cent.
Whom.
Payable
400.000
1,000
1,000
71
any error
100
100 Ac.
1,441
1st m., gold, sink. fund, on road and land
1st mortgage, gold (Tebo. A Neosho)
BONDS.
Par
Value.
137
Mine Hill <S: Schuylkill Haven—Stk, 8 °6 rent., P. A R.
Mineral Ranyc—Stock
AND
by giving immediate notice of
Miles
of
Road.
explanation of column headings, Ac., see notes
on first page of tables.
STOCKS
J.
J.
F.
A.
M.
J.
! J.
! M.
M.
1 M.
I M.
A I).
A O
A J.
A J.
A J.
A J.
A I).
A N.
A D.
A J.
A D.
A J.
A O.
A O.
A J.
A O.
A J.
A
A
A
A
A
A
A
A
A
A
A
J.
D.
A.
O.
N.
D.
I).
N.
N.
8.
N.
Last
L ist
paid June, 1897
paid April, 18H7.
Last paid July, 1887
Last paid April. 1887
N.Y., R P. Flower A Co.
N.Y., Hank of No. Am.
pal.When Due
Jan. 16, 1888
July 5, 1887
June, 1888
Oct.
1, 1915
Jan. 1, 1916
Oot.
Jan.
Jan.
Juno
1, 1926
1,
1,
1,
May 1,
June 1,
1936
1907
do
do
1927
N. Y.. Cent. Nat. Bank.
1907
N. Y., Bank of No. Am.
1909
do
do
July 1, 1922
do
do
Dec. 1, 191C
Last paid Jrlv. 1887
1890
N.Y..Bk.of No.America. April 1, 1921
do
do
Oct. 1, 1934
London A New York.
July 1, 1926
La>t paid April, 1887. April 1, 1902
Last paid Jan., 1887.
July 1, 1902
N.Y., Mercantile Tr. Co.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
Jan., 1899
June, 1903
1904-1906
April 1, 1911
May 1, 1906
Dec. 1, 1920
1900
May 1, 1890
Nov. 1, 1919
1909
1920
1
& No W., 64; Tol. Can. So. A Det., 56;
Can. So. Br. Co., 4; Mich. Mid.
& Can., 15; Canada So. branches, 09 : Sarnia Chat. A Erie, 7; Erie A
.
Niagara, 31; total branches 1,006 miles; total operated, 1,502 miles
There
121 miles of second track and 569 miles of sidetracks.
are
Organization, Leases, Ac.—-The Michigan Central was chartered in
1846; the whole line, Detroit to Kensington, was opened in 1852. The
Detroit A Bay City road was foreclosed Feb. 12, 1881, and pur¬
chased for the Michigan Central, which leased it and put a mortgage
on the road.
The other lines described above as leased are all held by
the Michigan Central nominally under leases at fixed rentals, but are
practically owned. The land grant came from the Jacksou Lansing &
Saginaw company as stated below.
In Nov., 1882, a close contract was made with Canada Southern for
working its road by the Michigan Central and for the division or
net profits over all charges as follows—one-third to Canada South¬
ern and two-thirds to Michigan Central; but the latter company is
entitled to an increase on this proportion as it diminishes its interest
charge by payment of bonds or otherwise.
Stocks and Bonds—The Michigan Central stock has remained at the
same amount since 1873.
Prior to 1873 it was a regular 10 per cent
stock. In 1872-73 paid 5 per cent and 4 in scrip, but afterward paid
no dividend till 1878, and
since then irregular amounts. Since 1870
dividends have been: In 1870-71, 10 per cent; 1871-72, 10; 1872-73,
5 and 4 in scrip; in 1878, 2; in 1879, 31?; in 1880, 8; in 1881, 6*2; in
*82, none paid; in ’83,5 ; in ’84. 3; in ’65 and ’86, nil; in ’87* 4 per cent.
The range in prices of the stock has been as follows: In 1871. 114®
126; in 1872, 113®120; in 1873, 65®111; in 1874, 688}®958i; in
1875, 53®8214; in 1876, 3458@65ifl; in 1877, 35^^7414, in 1878,
581c®75 ; in 1879, 73%®98; in 1880, 75® 130ie; in 1881, 8434®120;
in 1882, 77® 105;
in 1883. 77®100ie; in 1884, 5134®94*2;
in
1885.
468r®793i; in 1886, 61^®98^; in 1887, 80®958j; in 1888Jto Jan. 20,
inclusive, 821u®87-}8.
The Jackson Lansing A Saginaw debt is assumed by Michigan Central,
which also pays $70,000 per year on the stock of $2,000,000; the pro¬
ceeds of J. L. A S. lands go to pay bonds, and in 1886 sales amounted
to 8,088 acres for $201,479 (including timber), leaving 304,146 acres
unsold, and land notes on hand, $324,931.
Operations, Finances, Ac.—The Mich. Central after 1873 becoming
liable for heavy obligations on leased lines, the company suspended
dividends. The road on through business is much affected by the com¬
petition between Chicago and points eastward, and by the rates on
through freights. It is operated under a close contract with Canada South¬
ern and the earnings of both loads are included in the statistics below.
The comparative statement for year 1887, December being partially
estimated, is as below:
1887.
Gross earnings
18S6.
$14,140,000
$12,296,000
9,852 000
(H 9 • G 7)
8,405,000
(68-35)
Net earnings
Interest and rentals
$4,288,000
2,536,000
$3,891,000
2,577,000
Surplus earnings
Proportion to Canada Southern Co
$1,752,000
540,000
$1,314.00)
407,000
Proportion to Michigan Central Co
$1,212,000
42,000
$907,000
$1,254,000
$6-69
137,000
$952,000
$5 08
Operating
expenses
and taxi's
Per cent of expenses to
earnings
by N. Y. Sus. *fc West, by ownership of stock. In 1886 extended first
mortgage bonds for 25 years at 5 per cent. Gross earnings in 1885-86.
$39,590; net, $16,171; def. under interest. Ac., $8,931. Gro^s in 1884-5,
$38,489; net, $12,791; deficit under interest, Ac., $14,303.
Stock
$149,850. (V. 43, p. 162.)
Milwaukee Lake Shore Sc Western.—From Milwaukee, Wis.,
to Ashland, Wis., 391 miles, of which 4 miles are leased; branches—
Hortonville to Oshkosh, 23 miles; Manitowoc to Two Rivers, 6 miles;
Eland June, to Wausau, 23 miles; Antigo to Malcolm, 11 miles; Monico
to Rhinelander, 16 miles: Clintonville to Oconto, 56 miles: branches to>
mines, Ac., 45 miles; branches to Michigan mines, 4 miles; Watersmeet branch, 5 miles; Ontonagon River branch, 6 miles; total, 5S6
miles. This company was
organized in 1876 as successor to the former
company foreclosed in 187d.
Preferred stock has a preference to the
extent of 7 per cent from net earnings. The debentures are convertible
into stock at par at anytime within ten days after the date fixed for
payment of dividends on common stock. The equipment bonds are
redeemable $30,000 per year at par; the funding notes $l00,o<>0 p*r
Sear;
and the
of 1885per
at $100,000
per yoir after 1890 ; liie
1stequipments
mtonagon
mortgage $25,000
year at par.
From Jan 1 to Get. 31 in 1887 (10 mos.) gro-s earnings were $2,772.
217; net. $1,157,675.
From January 1 to Juno 30 in 1887 (6 months) gross earnings we^e
$1,451,711, against $942,768 in 1686; not, $616,832, against $ 121.472
total net receipts, $619,131, against $440,205; balance over fixed
charges, $369,879, against $189,769.
The annual report ror 1886 was in V. 44, p. 399.
Gross receipts in
1885, $1,374,807; net, $430,417; interest and rentals. $366,815. Tu
1886, gross receipts were $2,353,982; net, $1,031,380; interest and
rentals, $507,210. (V. 43,' p. 162, 274. 334; V- 44, p. 60, 90, 185, 275,
308, 313, 399, 553 ; V. 45, p. 240, 820.)
Milwaukee & Lake Winnebago. — Owns from Neenah to
Sehleismgerville, Wis. Built in 1882 and leased for 99 years to Wiscon¬
sin Central at 37^ per cent of gross earnings as
rental; but after
$175,000 per year is received the balance of net earnings is to be equally
divided. The $1,000,000 debentures were authorized to be issued as
required for improvements, and they are convertible on any coupon day
into pref. stock; the lessee pays Interest on them till 1894. Pref. stock.
6 per ct. cum., $780,000; com. stock, $520,000; par of shares, $100.
Milwaukee A Northern— (See Map.)—Owns from Sohwartzburg..
Wis., 10 Champion, 257 miles; - branches—Menasha and Appleton ro
Hillhert.Wis., 21 m.; Ellis June, to Menominee, 22 m; total operated..
300 miles.
Uses Chicago M. A St. Paul track, 9 miles, into Milwaukee
Other lines in progress June, 1887. See full statement in V. 44, p. 813.
The stock is $4,131,000. In 1897 gross earnings (partly estimated) were
$972,000; net, $339,000; first charges, $209,540; surplus, $129,640
Gross earnings in 1886 $616,226; net, $232,085; fixed charges. $200,961; Surplus, $31,124
(V.43. p. 368; V. 44, p. 244, 276, 781, 803, 813V. 45, p. 53, 613, 672; V. 46. p. 75.)
Mine Hill Sc Schuylkill Haven.—Owns from Schuylkill Haven,
Pa., to Locust Gap, Pa., with branches, l37bj miles
Road was leased
May 12, 1864, to the Philadelphia a Reading Railroad Co. for 999 years
at a rental of $326,552 per year. There is no debt, and regular divi¬
dends arc paid. Operations arc included in lessee’s returns.
Mineral Range.—Houghton, Mich.,
to Calumet, Mioh
15
miles; branch, Franklin Station to Franklin, 2 miles; total 17^ miles.
Dividends had been paid from the opening of the road, until the fall
of 1887.
In 1886 gross earnings were $81,244; net, $40,522; surplus
over Interest and dividends, $3,922.
In 1885. gross earnings, $81,429
net. $33,53^. This road was under the IT. S. Ives management, hut in
August, 1837, a new board was elected,rand the coupons of Oct. 1 and
subsequent were passed until an investigation ooula be had. Office
96 Broadway,
F. B. Loomis, President. V. 45, p. 272, 538.)
Minneapolis Sc Pacific.—Owns from Minneapolis northwest fc<r
Boynton, Dakota, 287 miles. Owned in part by capitalists in Minneapolis,
and income certificates for $4,327,000 are held by the projectors and
friends of the company. Bonds sold in New York in 1887 by Jno. H.
Davis A Co.; they are limited to $12,500 per mile for road and $2,500
per mile for equipment.
Hon. W. D. Washburn, President, Minneapolis,
Minn.
(X. 44, p. 204, 211, 213.)
,
Income from investments
Total
surplus income
Equals per share for Michigan Central
Appropriated for land, etc.
..
45,000
Leaves
Dividends, 4 per cent
749,528
Balance
The animal
report in V. 44,
p.
$367,472
583, gave the following:
income account.
Receipts —
Net earnings
Int. and dividends
Total income
Disbursements—
Rentals paid
Interest on debt
Can. So (i3 of net)
1883.
1884.
$
4,268,129
$
2.699,945
79,858
2,779,803
$
67.701
.
4,335.630
..
$
184,310
2,249,106
611,571
Surplus for div’ds...
3,044,987
1,290.843
Total
Dividends
Rate of dividends
Balance
184,310
2,454,292
20,448
120,753
(6)
166,551
2,692,791
72,216
2,i 6 ',00/
$
184,310
2,482,443
8,679
2,659,050
1,124,292
..
1885.
*
120,753
89,575
1886.
$
3,891,149
45,190
3,936,339
$
184,310
2,39 .,674
407,335
2,084,519
952,020
374,764
(2)
sur.89,575 sur. 577,25 6
*
The balance to <■ redit of income account Dec 31,1886. was $1,494,124.
—(V. 43, p. 6,23 ; V. 44, p. 6, 22, 583 ; V. 45, p. 5, 26, 872, 886.)
Middletown IJnlonville Sc Water Gap.—Owns from Mid¬
dletown, N. Y., to Unionville, N. J. State Line, 13 miles.
Is controlled
sur.
sur.
Minneapolis Sc St. Louis.—Owns main line, Minneapolis to
Angus, Iowa, 259 miles; Pacific Division,Hopkins to Morton, 92 miles ;
Kaio Branch, 2 miles; Lake Park Branch, 1*2 miles; total operated, 354
miles.
Leases trackage from Minneapolis to St. F'aul over St. Paul &
No. Pacific RR.; also owns from Minneapolis to White Bear, 12 miles,
which is leased to the St. Paul A Duluth RR.
The bonds of the $1,100,000 mort. (1877), numbered from 1,101 to
1,400, for $500 each ($150,000 in all), arc guaranteed by the Bur. Cedar
Rap. A No. IIR. The bonds on the 15 miles were issued by the Minneapolis
A Duluth Railroad before it was absorbed by this company. Preferred
stock of $8,000,000 is authorized ai:d$ 1,000,000 issued: common stock,
$9,000,000 autboiized and $6,000,000 issued; par of both $100 per
share.
The Wis. Minn A Pacific, Red Wing, Minn., to Eagle Lake, 84 miles,
and Morton to Watertown June., 121 miles, is leasedand operated by this
company, but the M. A St. L. has no onligation for the bonds. Com. stocky
$2,055,000; pref., $3,080,000. In 1896 gross earnings of Wise. Minn,
A Pac. were $229,186 ; net, $44,741; surplus over rental of equipment.,
$30,790. The Jan., 1888, coupons on income bonds were not paid.
°
?Clton
/j
M
'W’eVs
N
E
r^«U
,0#
B
R
•b-
-North Platte
/
(SALT
Stock toac
lU
LAKE CITY
)LIS
City
Tj
?*°
lL
Silver City
j
Uouldeil
Coal Jtfi
<0-^
a
[VER
r.
Oreon
MAP OP THE
■qOBAUDf
MISSOURI PACIFIC
Guiuiison"
1
j Silverton,
RAILWAY,
"Wagon <
"WheeL
j
AND ALLIED LINES,
D°°G£
.av®r9'
PONDS.
RSAATILONCKDD
1Ja8nury.],
.«va°'’r
®
,
f
.
PRESCOTT
\
R
i
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.JfLsleta
N
j
A
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pueblo Springs
itvd
M
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1
X
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Quanah
o
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(
0tvv°;
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Llano
Carthage
Casa GrsXnde
or
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Plain
i
kTucj
$
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Jenson
l
Nogales I
JWUeVt^T^L
OEORGf^oi
^Magdalena
Carmen
fi**°*'
AUSTU
Kyle
SAN
} Querobabi
MARC05
San AntomoV
lM?U
y^~_
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at4*» *
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r
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f-v,
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^
Indianola'
*=■
Date
Miles
of
of
Road. Bonds
explanation of column headings, Acc., see notes
on first page of tables.
1,483
Pacific —Stock
1st mortgage,
283
283
gold ('Pacific RR. of Mo.)
9ji mnrtirfliTft (n f.
$50 OOO
Riiniini)
...
Real estate (depot) bonds
3d mortgage
Consol. M., gold, for $30,000,000 (coup, or reg.)..
Collateral trust bonds, gold
c*
Garondelet- Branch, 1st mortgage
Leavenworth Atch. AcN. W., 1st mort., guar
Lexin<rton, 1st mort
Ler. & Caney Val.RR. IstM, g, gu.($10,000 p
m.)e*
Verdigris Vail. Independence Jc W., 1 st M.,g., guar.
L.lron
do
do
do
do
do
Mt. Ac So., 1st more., coupon
2d M.. gold, coup., may be reg
Ark. Branch, 1st mort., gold, land gr**
Cairo Ark.Ac T., 1st, gold, cp.or reg
Cairo Ac Fulton. 1st, g., ou road Ac land..
Gen. consol. M. (for $32,036.000)
1
supplemental, gold >
Mobi't •£ Birm.—1st, g., guar. ($20,000 p. in.). . .c&r
Mobile <& Dauphin Island- 1st mort., gold
Mobile A Girard—2d mort., end. by Cent. Ga. RR..
3d mortg. bonds
Mobile (£ Mont.—1st M. bonds by L. Ac N. RR. Co...
do
do
Bonds
Mobile
Ohio—Stock ($10,000,000)
1st mortgage, gold /.
1st mortgage, extension, gold
1st pref. inc. and 8. f debentures, not
do
2d
do
3d
do
do
do
do
4th
r
186*8
1871
1872
1876
299
1880
990
1887
15 Lj 1873
1870
21
1880
1886
80
1886
r. 5
1867
210
1872
310
1870
99
1872
71
1870
304
1881
5
’81to’7
1887
150
1837
36
1869
85
1877
179
1881
179 1
528
472
1879
1883
55
j 1879
1879
! 1879
i 1879
....
Hf,_ T-ouift A.
St.
-
•
•mm
1
'
cumulative
.
•
do
do
do
1
Size, or
Par
7,000,000
1.000
500 Acc.
1,000
2,573,000
800,000
3,828,000
1,000
14,714,000
1,000
15,000,000
500 Aco
245,000
190,000
650,000
1,000
1,000
520,000
750.000
1,000
1,000
4,000,000
6,000,000
1,000
1,000
1,000
1,000
2,500,000
1,000
1,000
*
1,000
1,000
1,000
1,000
i,ooo
2,6s9,000
261,000
100
5,320,600
1,000
7,000,000
1,000
1,000,000
....
earnings, $1,519,020; net, $494,700, rentals, Ah;., re¬
ceived, $9.' ,552; net income. $590,252; deduct rentals. $45,000, and
interest, $552,^ 10, delieit. $8,103. E. It. Cable, President, Chicago. (V.
44, p. 495; Vr. 45, p. 303, 850.)
In 1880, gross
Minneapolis Saul! S»e. Ilarie Ac Atlantic.—Road finished from
Minneapolis toSault fete. Marie, Midi.. 191 miles, and branch, 4 miles;
lota!, 495.
Com ecus w ith Canadian Pacific.
The first mortgage
bonds were issued in 1887 at $20,*»oo per mile, and out of"the proceeds
a sum was retain*<1 to pay coupons
up to July, 1889. (Abstract of
1
Mississippi A: Tennessee.— Owns from Grenada, Miss., to Mem¬
phis, Tenn., loo miles. Capital stock, $825,455. A majority of stock
wTas sold in May, 1880. to E. H.
Hardman and others identified'with
the Illinois Central Railroad. There has been default m the payment of
interest, ami at a meeting of stockholders Jau. 25, 1888, a vote w s to
be taken as to the issue of $2,500,000 of 4 per cent bonds to be used to
exchange fertile 8 per cents.
Gross earnings in 1884-5, $489,549 ; in 1885-0, $425,718.
Net earn¬
ings iu 18«4-85, $125,845 ; in 1885-80, $97,358.
(V. 43, p. 23, 034,
773, 775; V. 44, p. 211, 212; V. 45, p. 708 ; V. 40, p. 75.)
Missouri Kansan Ac Texas.—(See Map Mo. Pac.,—Link of Road
—Hannibal, Mo., to Denison, Tex., 575 miles; branches, Dallas Ac Green¬
ville exiension, 54 miles; Parsons, Kan., to Junction City, Kan., 157
miles; Denison, Tex., to Taylor, 258 miles; Wliitesboro to Henrietta,
Tex., 8;> miles; Denison to Mincola, Tex., 103 miles; Denton, Tex., to
Dallas, Tex., 37 miles; Echo, Tex., to Belton, 7 miles; Trinity to Ogden,
Tex., 00 mile,s; coal branches, 8 miles; Jefferson, Tex., to McKinney,
Tex., 155 miles; Taylor Houston Ac Bastrop RE., 34 miles.
Total,
-1,539 miles. International Ac Great Northern, from Longview', Texas,
to Galveston,Texas, 282 miles, of «liieh 50 miles leased from G. II. Ac
H., and Palestine, Texas, to Laredo. Texas, 415 miles: branches—
Houston to Columbia, 50 miles; Phelps to Huntsville, 3 miles; .wineola
to Troupe, 44 miles; leased—-Round Rock to Georgetown, 10 miles;
Henderson to Overton, 1G miles; total operated 825 miles.
Organization, History, «fcc.—The M. K. Ac T. "Company was organized
April, 1870, and embraces by consolidation the Union Paciffe Southern
Branch, tlieTebo Ac Neosho and other minor companies. Li 1874 the Han¬
nibal & Central Mo. was purchased. The company made default on its
consolidated bonds in Dee., 1873, anti was operated by a Receiver from
Dec. 30,1874, to July 1,1S7G. w hen the Union Trust Company of New
York took possession. On Dec. 1, 1880, the company took possession
property, paying the overdue coupons.
The company had aland
*craut which has been pi actually closed out; also a grant in the Indian
Territory of 3,G22,400 acres subject to the extinguishment of the
Indian title. The Bonneville Bridge Company is a separate organiza¬
tion, and earns interest and proportion for sinking fund.
At a meeting of stockholders May 18, 1881, a lease to the Mo. Pac. for
99 years was ratified on terms following: That the lessee operate the
road and pay the obligatory mortgage interest, paying over the balance
to the Mo Kan. Ac Texas Co.
If there is a delieit in income the lessee
may advance money to pay interest, or else the Mo. Kan. Ac Texas can
resume possession of its road.
The International Ac Great Northern Railroad was acquired by Mo.
Kan. Ac Tex. iu May, 1881, by an exchange of two shares of Missouri
Kansas Ac Texas stock for one of International Ac Great Northern,
and the Int. Ac Gt. N. stock is held in the treasury of the M. K. Ac T. The
lilt Ac G. N. roads wa re sold in foreclosure. July 31 and Oct. 14, 1879.
Stock and Bonds.—Tin; stock has ranged as follows since 1877
viz.: Iu 1878, 2ft 7*8: in 1879, 5%ffi35%.; iii 1880, 28ls»1914; in 1881,
347go)54; in 1882. 20*1« 42 V. jn 1883, 19k2«)347s; in 1 sn4, 9^a)'23W,
In 1885, 148;©371ri; in 18SG, 21« 3.*4i; in 1887,10^034Lj; in 1888 to
Jan 20, inel., lG:h r 1 f‘L.
The consol, n ort. 7s, dm* 1904-0. had a sinking fund of 1 p< r cent a
beginning in 1874, hut tin- sinking fund not having been carried
reported in 1 s.87 that bonds for all l ack years, imauuing
Interest, might Im called in for redemption.
The general consolidated mortgage of 18$(). with supplemental mort¬
gage iii 18"G enlarging the amount to la- issued, is at $20,000 per mile
year,
out, ii was
gg.
g*
.
g.
g.
Ac
Ac
Ac
Ac
Ac
Ac
A.
J.
N.
N.
N.
S.
Ac 0.
Ac O.
Ac A.
Ac J.
Ac
Ac
Ac
Ac
Ac
Ac
A. Ac
A. Ac
J. Ac
M. Ac
J. Ac
J. Ac
M. Ac
Where Payable ,
Whom
Bonds—Princi¬
pal. When due.
and by
N. Y., Mercantile Tr. Co.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
New York or London.
N. Y., Mercantile Tr. Co.
do
do
do
do
do
do
do
do
N. Y.,Central Tr. Co.
New York A geney
S.
A.
N.
D.
D.
J.
O.
O.
J.
N.
J. N.Y., II. B. Hollins Ac Co.
do
do
D.
N. Y.. L. Ac N. Otliee.
N.
N. Y. Ac Louisville.
Various
J.
G g.
6 g.
7
7
7
7
.
Ac D. N.Y. Farmers’ 1 j’n Ac Tr.
do
do
Last pd.S^p.c., Aug.,’85
Last pd. 2 p. e. iu 1881.
Stocks—Last
Dividend.
Jan. 3, 1888
Aug., 1888
July, 1891
May 1, 1892
Nov., 1906
Nov., 1920
Jan. 1, 1917
Oct. 1, 1893
Oct. 1, 1889
Aug., 1920
July 1, 1926
Fel>.
1,
1926
Aug. 1, 1892
Mayl, 1897
1895
1897
1891
June 1,
June 1,
Jan. 1,
April 1, 1931
April 1, 1931
Jan. 1, 1937
May 1,
1927
Jan. 1, 1889
June 1, 1897
May 1, 1931
1890 Ac 1900
Dec. 1, 1927
July 1, 1927
Q.—Jan
Yearly.
r
ouiy -uy
.
....
The r. Ac G. N. guarantees $2,000,000 of
derson 1st mortgage 5 per cent bonds.
The M. K. Ac T. annual report for 188G,
1 owing:
Galveston Houston Ac Hen¬
in V. 44, p. 400, had the fol
EARNINGS AND EXPENSES.
Earnings from—
Pa.-sengers
Fn iglit.
:
Mail, express and miscellaneous..
,
Total earnings
expenses..
:
Operating
Common sioek authorized, $8,000 ( 00; issued
$7,044,4* 0; 7 per cent preferred, $1,000,000; issued $3,822,200. \V.
I). Washburn, President, Minneapolis.
( V. 45, p. 100, 179, 211, 243,
090, 850; V. 40, p. 38.)
.
600,000
900,000
....
Q.-JF.
J.
M.
M.
M.
M.
A.
A.
F.
J.
M.
F.
M.
J.
J.
J.
g.
g.
g.
g.
7 g.
5 g.
5 g.
5 g.
o g.
8
4
6
6 Ac 8
4,748.000
1,850.000
....
the M. A
;
261,000
800,000
1,000
....
6
7
8
7
G
5
6
7
5
5
5
7
7
7
7
1,450,000
7,353.000
10,231,000
6,165,000
3, Oe 0,000
1,500,000
1,000
When
Payable
13*
$100 $45,000,000
against $451,408.
of its
Rate per
Cent.
Outstanding
1,000
$107,014,
V. 45, p. 213.)
Amount
Value.
1
From Jan. 1 to Nov. 30 in 1S87 (11 months), gross earnings of
St. L. were $1,304,974, against $1,400,435 in 1880; net,
mortgage
discovered In these Tables.
INTEREST OR DIVIDENDS.
DESCRIPTION.
M issouri
[Vol. xlvi.
favor by giving Immediate notice of any error
Subscribers will confer a great
For
SUPPLEMENT.
INVESTORS
74
Net
earnings
Ratio of expenses to
1884.
1885.
1886.
$1,691 596
$1,592,713
$1,575,920
5,166.673
4,833,869
427,082
5,470,742
401,982
$6,853,655
4,055,101
$7,451,644
4.347,246
$2,970,004
$2,798,554
$3,222,890
59-1
56-74
458,981
$7,317,250
59-41
earnings—
4,228,754
INCOME ACCOUNT.
Receipis—
earnings
Dividends, Ace
Not
Total net income
Disbursements—
Interest on bonds.
Taxes, rentals, Ace
Total disbursements
1881.
...
$2,970,004
457,419
$3,427,423
1885.
1886.
$2,798,554
189,799
$3,222,890
126,453
$2,933,353
$3,349,343
$2,439,618 $2,439,427
310,646
479,GG1
$2,483,363
*1,502,022
$2,750,073
$3,985,335
$2,919,279
sur.$508.144sur.$238,280def.$636,042
adjustment of accounts with the L A: G. N.
162,431, 516, 619, 746. 766; V. 41, p. 90, 211, 276, 368,
Balance for year
*
This included some
—(V. 43. p.
400, 495; V. 45, p. 166, 292, 341, 613 ,820.)
Pacific.—(See Map.).—Line of Road.—Owns main lino
Louis, Mo., to Omaha, Neb., 494 miles; branches in Missouri,
348 miles; other lines as lollows: Kansas Ac Colorado Div., 125 miles;
Council Grove Osage City Ac Ottawa Div., 90 in.; Topeka Salina Ac West.
K’way, Kan.. 70 in.; Salina Sterling Ac El Paso Div.—Geueseo to Hutch¬
inson, 41 in ; Kan. a eh. Ac Dak. Div.—Ft. Scott to Topeka. Kan., 130 m.;
Nevada Ac Mindeu K’way,, 74 m.; Denver Mem. Ac At\ Div., 292 m.; St.
Missouri
from St.
Joseph Extension —Atchison, Kan., to St Joseph, Mo., 21m.; Lincoln
Extern Ac Neb. Southern, 79 in.; total operated Nov., 1887, 1,950 miles.
The Ft. Scott Wichita Ac Western—Ft. Scott to Kiowa, Kin., and branch,
Eldorado to McPherson, Kan., is 30.6 miles. The St. L. Iron Mountain Ac
So. mileage in Nov., 1887, was as follows: From St. Louis to Texarkana,
Texas Line, 190 miles; branch lines, Mineral Point, Mo., to Potosi, Mo.,
4 miles; Bismarck, Mo., to Belmont, Mo., 121 miles; Poplar Bluff, Mo.,
to Bird’s Point, Mo. (Cairo), 74 miles; Gurdou, Ark., to Camden, Ark.,
34 miles; Knobel to Helena, 140 miles; Newport to Cushman, 39
miles ; Neelyville to Doniphan, 20 miles; Atlenville to Jackson, 16 miles;
Arkansas Valley Div. (formerly L. Rook. Miss. R. Ac Texas), 113 miles;
Warren Branch, 49 miles; total, 1,100 miles.
Iu Dec., 1887. the mileage of Iron Mountain and Mo. Pac. combined
was as per circular in V. 45, p. 369.
Organization, Leases, Ace.—The Pacific RR. Co. (of Missouri) was
incorporated under charter dated March 12, 1849, and road opened to
Kansas City in October. 1865. The company received a loan from the
St ate-of Missouri. The Pacific Railroad of Mo. was sold in foreclosure
Sept. 6, 1876. The present company was a consolidation iu Aug., 1880,
embracing the Missouri Pacific and a number of minor roads.
The St.' Louis Iron Mountain Ac Southern stock was taken up with
Mo. Pacific in May, 1881. on the basis of throe shares of Mo. Pacific for
four shares of Iron Mountain, and the St. Louis Ac Iron M. stock is
held by Missouri Pacific.
Stock and Bonds.—Under the new regipie the payment of dividends
was begun on the present stock in 1880, in which year 1*2 per cent was
paid. Dividends since were as follows: in 1881,6; in 1882, 6*4; in
1833 t o 1887 inclusive, 7. Range.of stock prices since 1882 Tias'been,
as f. Hows: In
1883. SG#10G7a: in 1881, 63%a>l00; in 1885. 89*2#
111*4; in 1886. 100*4 #119; in 1887, 8 DU #112; in 1883 to Jan. 20,
inch, 82:*s<7*89*4.
The 1st mort. (Pac. of Mo.) bonds are to be extended for 50 years at 4
per
cent.
for $30.000.000—trustees John F.
consol, bonds the balance unissued
($15,290,000) is in the hands of trustees to redeem prior bonds as they
The consolidated mortgage above is
Dillon and Edward D. Adams. Of the
mortgage showed: Reserve* 1 to retire
$18,535,000 sixes; issued on account
fall due.
For the payment for new lines acquired and to be acquired there was
issued in 1886 $10,000,000 of new stock at par to old stockholders, and
another $5,000,000 in 1887. Also the collateral trust honde (U niou
1 rust Co. of N. Y'.,Trustee) s* cured by mortgage bonds of new railroads
at $12,000 or $15,000 per mile.
The Leroy Ac Caney Valley Railroad, iu
Kansas, su miles, is leased and bonds guaranteed by Missouri Pacitic
as also the Verdigris Valley Independence Ac Western.
issued for income bonds amt scrip,
are
all road mult and to be built; of which a sufficient amount was
reserved to take up first consol, and prior bonds, and for the East Line
Ac Red River bonds.
In 1887 a compromise was made (V. 44, p. 270) by
which most of the income bond coupon scrip was retired with 5 per cent
on
In S pt., 1887. aii analysis of the'gem ml
underlying bonds on old road,
of new road built or acquired,
$17,180,000 sixes; total sixes authorized to date, $35,>>15,000. Fives
general mortgage bonus.
$9,230,000; total genl. consols, out¬
standing, both 5 and G percents, $2G,510.0o0. Tlieie has been some
confusion in regard to the number of bonds listed at the Stock Exchange
and the amount- actually outstanding, since the numbers Irom 1 to
18,217 oiigiuaily reserved to retire prior liens, have bet-u listed ever
since 1881; also the lives are list* d iu the same series of numbers with
thesixes, embracing the numbers from 18,218 to 28,217 inclusive.
Operations, Finances, Ace.—The earnings and income account below
for the Missouri Pacific and its branches only (1,103 miles) ; for, not¬
withstanding the merger of St. Louis Ac Iron Mountain stock and lease of
Missouri Kansas Ac Texas, the operations of all the. roads have been
kept separate and are so reported.
The annual report or Mo. Pacific for 1886 was published iu tae Chron¬
icle, V. 44, p. 368.
The earnings, inoome at count and balance sheet,
have been
as
follows;
RAILROAD
January, 1888.]
Subscribers will confer
STOCKS
AJtfD
BONDS
great favor by giving Immediate notice of any error discovered in these Tables.
a
DESCRIPTION.
Miles
Date
For explanation of column headings, Ac., see notes
of
of
on first page of tables.
Road. Bonds.
Montgomery dk Eufaula,— 1st rnort., sinking fund...
Montgomery dk Florida—1st mortgage, gold
Montpelier dk Wells Rivet—Stock
Morgan’s La.dk Texas—Stock
1st mort., gold (N. O. to Morgan City)
1st mortgage, Alex. Extension, gold
Morris dk Essex—Stock, 7 p. c. guar. D. L. & W
let mortgage, sinking fund
81
45
38
2d mortgage
Convertible bonds
;
Gen. m. A 1st on Boonton Br. Ac. (guar. D.L. AW.)
Consol, mort. (for $25,000,000) guar. D. L. & W..
•
2d mort
Bonds held by U. S. Government
N. C.& St. L., 1st M. on Fayette. & McM. brancnee
do
1st mort. on Lebanon Branch
do
for Jasper Branch, $16,000 p. m
for Centreville Branch
do
do
for Tenn. Coal & Iron RR
Duck River RR., 2d mort., endorsed
Nashville dk Decatur—Stock, guar’d 6 p. c. by L. A N.
1st mort. guar. s. f
Natchez Jaiiksond Columbus.—1st mortgage
Nesquehon Val—Stock, 5p.c.guar, till 1904.L.C.AN.
gold (sink. f.. $20,000)
....
102
157
132
84
84
1878
1880
1,000
1,000
50
500 Ac.
500 Ac.
15,000,000
5,000,000
2,999,000
50
.
■
«
1864
1866
Var’us
1871
1875
1,000
1,000
18S4.
Freight...
Mail express and miscellaneous..
Net
earnings
1882
15
»
•
•
•
609
340
321
1,000
100
....
’73-’80
48
122
119
99
66
61
18
94
.
$2,043,457
6,047,334
686,832
Receipts—
Dividends, Ac
Total net income
Disbursements.
Interest on bonds
Dividends paid
Rate of dividend
Taxes, rentals, Ac
Total disbursements
Balance ft
r
year
300,000
6,668,531
...
25
1873
1881
1,000
1,000
1877
1877
1877
1882
1887
1881
6,300,000
1,000,000
500,000
750,000
300,000
461,000
376.000
500,000
71,000
....
1.000
1,000
1,000
1,000
1,000
1,000
1,642.557
1,900,000
...
1870
1,000
174,400
2,000,000
150,000
....
100
....
1883
1,000Ac
50
1,400.000
1,000
750.000
....
1879
Rate per
Cent.
6
6 g.
When
Payable
Where Payable, and by
J. A J.
M. A N.
2
1886.
$2,020,597
5,518,296
Ohio
with
785,959
1,106,127
of
July 1. 1909
New York.
Boston.
1926
Dec., 1884
April 1, 1918
July 1, 1920
Jan. 2, 1888
Mayl, 1914
Aug. 1, 1891
....
7
6 g.
3ifl
7
7
7
7
7
7
A.
J.
J.
M
F.
J.
A.
J.
A
A
A
A
A
A
A
A
6 A 5 g.
1
7
6
4
6
6
6 A 8
6
6
6
3
7
Q.-J.
J.
J.
D.
J.
J.
J.
,T.
J, A J.
M. A N.
J. A D.
J. A J.
10
5
....
4
6 g-
J. A J.
J. A D
M. A S.
A. A O.
Y., So. Pao. Co.
do
N.
do
Y., Del.,Laok AW.
do
N.
A.
J.
O.
D.
F. A A.
J. A
J. A
J. A
J. A
J. A
J. A
J. A
N.
0.
J.
J.
4LiA5 J. A J.
M. A N.
4*2
j the stockholders’ meetings
$2,004,578
5,153,025
Slocks—Last
Dividend.
N.Y., Nat. City Bank.
....
....
Bonds—Princi¬
pal, When Due
Whom.
do
do
do
do
do
Jan. 1. 1900
Oct.. 1901
June 1, 1915
ao
do
do
do
N. Y.. Del. Lack. A W.
2d Nat. Bk., Nashua.
do
do
New York A Nashville.
N.Y.. Continental N.Bk.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
Nashville.
N. Y.. 50 Exch. Place
N. Y. Bank of America.
New Haven, Ct., Troau.
do
do
July 1, 1912
Nov. 1. 1887
1893 A 1900
Jan. 10, 1888
July 1, 1913
July 1, 1901
June
Jan.
Jan.
1907
Jan.
1, 1891
1, 1917
1. 1.417
A 1923
1, 1923
1909
Nov. 1, 1909
Dee. 6, 1887
July 1. 1900
1885
Jan. 3. 1888
June 1. 1913
Philadelphia, Co.’s office ,3ept. 1, 1887
Last paid April, 1884
Oct. 1, 1904
year they instruct the Farmers’ L. A T.
1885.
Co., trustees, how to
vote at
the majority of the stock of the Mobile A
Railroad Company, the power to vote upon which is
irrevocably
the Farmers’ Loan & Trust Company, until the
extinguishment
upon
debentures.
The capital stock authorized by the charter is
or 100.000 shares of $100 each, of which there have been
issued 53.206 shares. Tlio debentures are secured by a deed of trust of the
land.about 1.143222 acres, and receive 7 percent, if earned.
June 30.
1887, there were in the sinking fund $352,000 of the first debentures.
The Car Trust debt is $532,000.
In August, 1881, 7 per cent was declared on 1st preferred incomes
and 2. per cent on 2d incomes. Tn August, 1882, 2 percent on the
first preferred incomes; in 1883,3 per cent; in 1884,5
percent Id
1885, 3hj p«,r cent.
Fiscal year ends June 30 ; the report for 1886-87 was in V. 45. r>
said
810,000.000,
$8,777,628
$7,943,562
4,492,877
$8,645,020
4.338,319
5,238,723
$4,284,751
$3,605,243
$3,406,297
INCOME ACCOUNT.
Net earnings
284,000
4,991,000
6,557,000
1,025,000
2,220,000
800,000
1,000
EARNINGS ANI) EXPENSES.
Earning<—
Passengers
earnings
Operating expenses
Outstanding
....
20
r
Total
Amount
....
128
30
31
47
ren’l, 99 yrs., N. Y.N.It.&II
Nevada Central— 1st mort..
$....
1,000
....
..
Bonds
or
Par
Value.
....
Real estate terminal mort. (guar. D. L. A W)
Nashua dk Lowell—Stock, 9 p. c ren’l, 92 yrs, B. & M.
Bonds ($100,000 are gold 5s, J. A J., 1900)
c *
Nashville Chattanooga dk St. Louis—Stock
1st mort. (for $6,800,000), coup
p. c.
1879
1886
INTEREST OR DIVIDENDS.
Size,
$1,500,000
675,000
800,000
5,000,000
5,000,000
1,477,000
34
137
Special real estate mortgage
Naugatuck—St’k, 10
75
1884.
$4,284,750
206,822
1885.
1886.
$3,605,243
792.835
$3,40(5,297
1,360,832
$4,491,572
$4,398,078
$4,767,129
$1,798,200
2,098,105
$1,822,727
$1,875,470
.
640.
income
7
775,036
2,098,000)
7
>
3,185,762
568,848 )
$4,071,341 $4,489,575 $5,061,232
def.$179,769 def.$91,497 def.$294,103
Bt. Louis Iron Mountain A Southern.—This company defaulted on
Its interest in 1875 and tinallv made a compromise with its bondholders.
There are yet outstanding $346,384 of old income bonds of the several
issues, and $73,000 of the Cairo A Fulton second mortgage bonds.
The Mercantile Trust Co., of New York, is trustee of the general
consol, mortgage. The stock is nearly all held in the treasury of the
Missouri Pacific Railway Co., having been retired in May, 1881, by the
issue of three shares of Mo. Pac. stock for four of St. Louis A Iron
Mountain. The sales of land in Arkansas on which the Cairo A Fulton
bonds have a lien are given in the report for 1886 as 44,184 acres
at $2*88 per acre. Lands yet unsold, 886,157 acres.
The report for 1886 w'as published in the Chronicle, V. 44, p.368,
400, and the income account was as follows:
1883-84.
Total miles
Gross
527
operated.
earnings
i 12,278,917
Net income
$731,450
Disbursements—
Int. on mort. bonds.. .$171,200
Interest on incomes..
265,U00
Reut to C. & St. J.......
Miscellaneous
Total disbursem’ts
$736,200
account.
1884-85.
527
188 5-86
527
1886-87.
663
$2,101,025
$524,839
$1,96?,328
$547,726
$2,431,381
$482,400
$491,600
$480,800
39,636
128,863
26,730
$ j 37,713
$482,400
$520,230
$836,393
$4,750 Sur. $42,439 Bur, $27,490 Sur. $1,320
-(V. 45, p. 014, 640, 705.)
Montgomery Sc Eufaula.—Montgomery to Eufaula, Ala., 80
miles. The road was foreclosed May l, 1879, bought by W. M.
Wadley,
aud the present company organized.
Operated under contract bv
Cent. RR. of Georgia, and interest paid by the rental. Stock is $620,006.
all owned by Central RK. of Georgia.
income account.
montgoinery Sc Florida.—Owns from Montgomery, Ala., to
Receipts—
1884.
1885.
Live Oak, 45 mdes, ami in progress towards Chattahoocliie, Fla. This
1886.
Net earnings
$3,404,599 $3,619,416 $3,443,281 was formerly the Montgomery Southern road, and was foreclosed in
Other receipts
44.741
159.800 May, 1886, and reorganized.
44,727
C. W. Scofield, President, 44 Broadway.
Total net income
$3,509,323 $3,604,1;.)/ $3,6u3,vOi.
montpelier Sc AVells River.—Owns from Montpelier to Welle
Disbursements—
River, Vt.. 38 miles. Reorganized January, 1877.
D. R. Sort well,
Interest on bonds.
$2,206,854 $2,215,304 $2,214,131 President, East Cambridge, Mass. Gross earnings in 1884-5. $02,814;
Taxes, br’ge, and car exp.,Ac
554,093
397,522
350,144 net, $17,774. Gross in 1885-6, $94,747; net, $8,262. Gross in
1886-7,
Total disbursements
$2,760,947 $2,612,826 $2,564,275 $95,112; deficit under expenses, $469. (V. 44, p. 717.)
Surplus for year
$748,379 $1,051,331 $1,038,806
Morgan’s Louisiana Sc Texas Railroad Sc Steamship Co.—
—(Y, 44. p. 212, 244, 343, 368. 370, 399, 621, 681, 808 ; V. 45, p. 240, (See Map of so. Pac. Co.—The road owned is from New Orleans to Che243, 369, 373, 538, 613, 642, 672, 121.)
neyville, 204 miles; branches, 55 m.; Cheneyville to Alexandria (under
track agreement;, 24 m.; total, 283 miles. In Feb., 1883, the siock was
mobile Sc Birmingham. ~(S>c Map East Tenn. Va. <£■ Ca.)—
sold to the South. Pac. parties, and the South. Pac. Company held (Dec.
31
Mobile to Marion June., Ala., on the East Tenn. Va. A Ga road, about
1886) $4,062,700 out of the whole stock of $5,000,000. This
150 miles, completed in Jan., 1888. Abstract of mortgage V.
company’s
45, p. property consisted of seventeen iron steamships
274.
plying between New
( V. 44, p. 681, 701; V. 4>, p. 274.)
York and New Orleans and between Gulf ports, also
wharves, ware¬
mobile Sc Dauphin Island Bit. A Harbor Co.—From Mobile houses, and terminal
facilities, besides the capital stock of raiiroad and
to Dauphin Island, Ala., 36 miles.
This road is intended to form an out¬ other companies, including a
majority interest in the capital stock of the
let at deep water on the Gulf of Mexico for the railroads
centering at Houston A Texas Central Railway Co.. Ac.
Trere are also $251,Mobile. Stock is $1,500,00c.
Robert Sewell, N. Y., President.
716 of old New Orleans Opelousas A G. W. bonds duo 1889, assumed
mobile Sc Girard.—Owns from Columbus, Ga., to Troy, Ala., 84 by this company. In Is86 gross earnings were $4,138,525; net.$1,059,In 1885 gross earnings were $4,232,018; net,
miles.
Common stock, $985,415; preferred stock, $278,967, aud $3,980 518.
$1,602,47c. From
Pike County stock. From June 1, 1886, this road was leased to the Jan. 1 to Nov. 30, 1887 (11 months), gross earnings were $4
063,527,
Central of Georgia for 99 years at a guaranteed dividend of 1*2
(V. 44’
per against $3,700,604 in 1886 : net, $1,056,724, against $867,892.
cent p-r annum.
Ihe 8 per cents may be exchanged j or 6s or will be p. 34-1.434.)
paid oil. There are $19,000 3d mort. 6 percents, due. 1897. (V. 43, p.
Morris Sc Essex.—(See M gof Del. L. & W.—Owns from
Hoboken, N.
103, 398.)
J.,to Phillipsbuig, N. J., 84 miles; branch, Denville, N. J., via Morris A
Essex
mobile Sc Montgomery —(See Map Louisville <t Nashville) Tunnel, to Hoboken, N. J., 34 in.; leased Dover to Chester, 10 m.;
A Bloom. RR., 4 m.; total operated, 132miles. In 1808 this
Owns
from Montgomery, Ala., to Mobile, Ala., 180 miles.
The Newark
road
old road was sold in foreclosure Nov. 16, 1874, and purchased bv bond¬ was leased in perpetuity to the Del. Lack. A W. RR. The lessees assume
holders. who organized this company on a stock basis. The stock is all liabilities of the Mor. A Essex RR. and pay 7 per cent per annum on
$2,050,800, all owned by the Louisville A Nashvi lc RR. Co., which the capital stock, and they also agreed to pay 8 per cent in case the
now operates it and pays dividends as earned.
The old mortgage Morris A Essex earns 10 per cent on its stock in any one year after the
debt outstanding is about $230,000.
The Louisville A Nashville Co. year 1874. The Morns A Essex is important to the Delaware Lacka¬
wanna A Western as a route with terminal facilities on New
has issued $2,689,000 bonds secured on this road, $2,677,000 of which
York Har¬
are pledged for the collateral trust bonds of that
company.
In year bor, but the actual earnings on the road show a large annual deficit for
ending June 30, 1887, gross earnings were $1,122,463; net, $374,028; the lessee company after the payment of rental. The loss to lessee was
in’80,$1,012,416; in’81, $985,890; in’82.$941.550; in ’83. $1,104.218surplus over interest and (axes, $166,183. In 1885-6, gross. $1,032.
in ’84 about $1,100.000; in ’85 and ’86 about $900,000.
936; net, $246,011; int. and taxes, $212,643; ‘urplns, $33,307.
(V. 45, p. 13.) ’
Nashua Sc Lowell.—Owns from Lowell, Mass., to Nashua. N. H.
mobile Sc Ohio.—[See Map.)—Owns from Mobile, Ala., to Columbus
Ky., 472 miles, and extension (by Ken. A Tenn. RR.) to Cairo, 21 in; 15 miles. On Get. 1, 1880, a lease for 99 years to the Boston A Lowell
leases St. L. A C. RR., Cairo to St. Louis, 152 miles, and track to Miil- was made. ir» 1887 lease was transferred to Boston A Maine RR. Co.,
stadt. 9 miles ; branches—Artesia, Miss, to Columbus
Miss., 14 miles; which pays a rental of $73,060 (9 per cent on stock). The funded debt of
Artesia, Miss., to Starkville, Miss., 11 miles; Muldon,Miss., to
$300,OuO, principal and interest, is assumed by the lessee, am) the lessor
Aberdeen, holds
the lessee’s notes for the same amount—$300,000, (V.
Miss., 9 miles; total owned, 527 miles; total operated, 6S8 miles.
In
45, p. 143.)
July, 1885, the gauge was changed to standard, 4 feet 8 ^2 inches. In
Nashville Chattanooga Sc St. Louis.—(See
of
Map
Louisville
d
Dec.. 1885, the lease of the St. Louis A Cairo RR. (161 miles) was taken Nashv.)—Owns from
Chattanooga l’enn., to Hiokman, Ky., 321 milesfor 45 years at a rental guaranteed to amount to $165,000
branches—'Wartrace, Tenn., to 8helbyvillo, Tenn., 8 m.;
per year.
Bridgeport, Ala ’
A default was made May 1, 1874, and two trustees and receivers
to Inman, Tenn., 25 in.;
toon
proprietary lines—Nashv. to Lebanon, 30 in •
possession May 8,1875, and the company was reorganized without fore- McMinnville Branch, 61 in.; Deehcrdto Fayetteville, 40 m.; Centrevil
e
alosnre. The holders of debentures have one vote for each
$100, and each Branch, 47 ra.: Tracy City Branch; 20 m.: Dark River RR. (leased)
•
Balance
Def.
76
v
C
r
INVESTORS’
SUPPLEMENT
[Vol. XLVI,
Subscribers will confer a great favor
by giving immediate notice of any error
Date
Size, or
Amount
Rate per
Par
of
of
Outstanding
Cent.
Road. Bonds Value.
Miles
explanation-of column headings, Ac., see notes
on first page of tables.
5
44
Newark db Hudson— 1st mortgage
Newark Somerset db Straitsv., 0.—1st mortgage
Newburg Dutchess db Connecticut—Income bonds...
Newburg db New York—1st mortgage
New Castle db Beaver Valley—Stools.
New Haven db Derby— 1st A 2d mortgages
N.Hav. <t Northamp —St’ k. g uar, 99yrs.N. Y.N.H.&H,
Mortgage bonds, coupon
Holyoke AW.,leased, 1st M.($200,000 guar.)
Consol, sink, fund $15,000 per yr. &mort. bonds.
12
15
13
170
92
17
m
stock
New Jersey Junction—1st M., guar, by N.Y.Cent.c&r
New Jersey db New York— 1st mort. (reorganization)
N. J. Southern— 1st mort. (int. guar, by N.Y.A L.B.)
Long Branch A Sea Shore. 1st mort., guar
A ew London North'n—Stock
2d mortgage
o*
Consol, mortgage ($300,000 are 4s)
c *
Newport News & Mississippi Valley—Stock
New Orleans <£ Quit'— 1st congol. mort, gold
c*
New Orleans db Northeastern—Prior lien mort., gold.
New York Brooklyn db Man. Beach-Stock, common.
preferred
-
m
m
m
m
n
36
78
12 i
100
121
"20
l
nr
Debenture bonds, coup, or reg
m.;
....
1869
1870
1879
1881
1886
1886
1880
1879
1869
260,000
1,000
1,000
1,000
1,000
1,200,000
700,000
3,000,000
500i£c.
600
1,449,600
1,000
1886
1885
1,000
1,000
637, against$1,310,970
plus over interest, taxes
Fiscal
Passenger
Freight
Mail, express, rents, Ac..
Total gross earnings....
Total operating expenses.
Net
earnings
•$
663,618
1,559,765
649,737
1,435,878
148,703
155,104
1885-86.
$
604.820
1,429,468
153.821
1886-87.
$
725,961
1,894,715
153,572
2,774,248
2,372,086
2,240,719
1,303,446
1,304,002
2,188,109
1,322,858
1,068,640
936,717
865,251
1,195,637
1,578,611
INCOME ACCOUNT.
Net Receipts—
Net earnings
Miscellaneous receipts...
Total income
Disburse meats—
Interest on debt A taxes.
Dividends
Improvements
Total disbursements.
Balanoe, surplus
1883-84.
1884-85.
1885-86.
1886-87.
$
$
936,717
11,947
$
865,251
$
1,195,637
13,445
948,664
$
865,251
1,209,082
1,068,640
29,072
1,097,712
$
662,320
266,802
106,077
1,035,199
62,513
$
682,273
$
675,096
58,401
45,221
119,480
740,674
207,990
720,317
144,934
1,096,055
113,027
709,834
266,741
GENERAL BALANCE AT END OF EACH FISCAL YEAR.
Assets—
Road and equipment
Assets not available
Inv’tm’ts in st’ks A bonds
Bills receivable
Beal estate
Due from agents, Ac
Cash
r
Total
Liabilities
■“
Capital stock
Bonded debt
Bills payable
Bal’ce due individ’ls, Ao.
Int’st coupons due July 1
1883-84.
1884-85.
$
$
562,727
462,940
8,722
80,364
81,322
481,314
18,132
62,461
478,714
19,067
67,961
69,421
479,663
37,647
54,129
188,919
300,217
250,436
264,408
277,372
311,088
294,8 -4
375,211
75,758
17,920,544 18,108,314 18,324,836 18,823,520
^
^
^
^
6,670,331 6,668,363 6,668,362 6,6*8,531
8,903,000
8,998,000
9,200,000
9,207,000
591,499
467,268
2S8,047
601,402
287,970
290,905
296,905
297,630
85,152
97,124
97,348
42,947
21,942
18,323
Pay-rolls, Ac
75,490
72,721
Total
1886-87.
$
16,316,655 16,950,242 17,094,876 17,512,645
Dividends.
Int’st on b’ds held byU. 8.
Miscellaneous
Profit ahd loss
1885-86.
$
153,600
3,686
1,115,678
153,600
15,119
1,381,068
31,092
17,048
153,600
13,616
1,571,014
61,299
83,483
884
1,803,147
17,920,544 18,108,314 18,324,836 18,823,520
—(V. 44, p. 118, 244, 370, 527, 653, 781; V. 45, p. 113, 239, 240, 369,
401, 436, 539, 672, 820; V. 46, p. 102.)
Nashville & Decatnr.—(See Map Louisville <& Nashville.)—Owns
from Nashvihc, Tenn., to Decatur, Ala., 122 miles.
The road was
leased May 4, 1871, to the Louisv. A Naahv. RR. for 30 years from
July 1, 1872, at a rental of 6 per cent per annum on the stock. The
lessee assumed all the debt of the Nashville & Decatur Co. Sinking
fund June 30, 1887, held $112,000 N. A D. and L. A N. bonds. In
1885-86,gross earnings, $989,468; net, $399,670; int., taxes and divi¬
dends, $285,584; sur., $114,086. In year ending June 30, 1887, gross
earnings were $1,239,633; net, $549,196; surplus over interest, taxes
and guar, dividends, $265,029.
Natchez Jackson Sc Columbus.— Owns completed road from
Natchez, Miss., to Jackson, Miss., 100 miles. Stock, $2,260,809. New
7 per cent bonds for $600,000 authorized but very few issued; also a
new mortgage at 6 per cent, $12,500 per mile, has been executed to
retire all prior liens and provide for future requirements, but none yet
issued. The $174,000 are held for the company by a New York house.
Floating debt Deo. 31, 1886, $304,000.
Earnings for 1886, gross,
Earnings for 1885, $194,353; net, $60,923.
Naugatuck.—Owns from Naugatuck Junction to Winsted, Conn.,
$184,325; net, $45,634.
4^ miles; total oper¬
ated, 66 miles, 5 miles of N. Y. N. H. A H. being used between Nauga¬
tuck Junction and Bridgeport. Leased for 99 years from April 1, 1887,
to N.Y. N. H.A H. at $200,000 per year. In year ending Sept. 30, 1887,
gross earnings were $725,828; net, $246,664.
In 1885-86, gross,
$704,336; net, $221,522. (V. 43, p. 718.'
56^ miles; leased. Watertown & Waterhury RR.,
!
.
10,000,000 !
j
1,000Ac
earnings were $1,601-
1884-85.
6,450,000
30,000,000
9,733,333
1,000
New York, Agenoy.
N.Y.,Farm. L. A Tr. Co.
N. Y.,L. I. RR., 115 Br’y
J. A J. N. Y., Corbin Bank’gCo
7
do
do
5 g. A. A O.
London, Baring Bros.
« g- M. A N.
1
1 Q.-J- N.Y., Gr. Central Depot.
do
do
J. A D.
5
do
do
iJ. A J
7
6 g- |J. A J. New York and London.
4,000,000
89,428,300
1,000
M. A N.
A. A 0.
5
500,000
798,000
1,000.
Newcastle, Penn.
j M. A S. N.Y., Gr. Centr’l Depot.
5
Stocks— Last
Dividend.
Sept., 1901
Nov. 1. 1889
June 1,1977
Jan. 1, 1889
Jan. 2, 1888
1888 A 1900
Various N. Haven, Mech. Bank.
New Haven.
A. A O.
Oct., 1887
do
do
Jan., 1899
J. A J.
A. A O. N.Hav. ,N.Tradesm’s Bk Apr. 1’91 A’98
do
do
A. A O.
April, 1, 1909
do
do
A. A O.
April, 1911
do
do
J. A J.
July 1, 1896
Feb. 1, 1986
New York Agency.
F. A A.
M. A N. N.Y., Mercantile Tr. Co. May 1, 1910
J. A J. N. Y„ 119 Liberty St.
July 15, 1899
Dee. 1, 1899
New York.
J. A D.
Jan. 2, 1888
New London, Office.
Q.-J.
J. A D. N. Y., B’k of N. America
July, 1892
do
do
J. A J.
July, 1910
6 g.
6 g
878,000
£100 Ac
100
500 Ac.
EARNINGS AND EXPENSES.
$
14,153,000
900,000
650,000
and improvements, $277,088, against $162,419.
year ends Juue 30. The report for 1886-87 was in V. 45, p. 426.
1883-84.
7
4 A 5
387,500
1,112,000
500 Ac.
in 1886; net, $719,191, against $053,614; sur¬
Earnings—
1%
1,500,000
350,000
in Oct., 1886, resumed dividends at the rate of 1 per
July 1 to Dec. 31 in 1887 (6 mos.), gross
200.000
1880
A majority of the stock ($3,385,000) is owned by the Louisville A
Nashville RR. Company and pledged among the collaterals for the
trust loan of that comuanv.
From
400,000
A J. N. Y.,Office N.Y.L.E, AW
Q.-J.
7
50c.
7
6 A 7
6
5
5
4
6
6
7
700,000
1872
Small branches have since
total operated June 30, 1887, 600 miles.
....
2,460,000
1,300,000
100
500 Ac.
1853
1873
1873
1884
J.
2*3
1,000
1877
1885
1874
N. Y. L. E. A W. RR.
N. Y., Union Trust Co.
700,000
525,000
1,000
pal, When doe.
Payable, and by
M. A S.
M. & N.
50
1,000
Where
7
7 g.
7
500 Ac.
100
When
Whom.
250,000
been completed.
The company
cent quarterly.
Bonos—Princi¬
Payable
1,000
20
14
|
■
100
68
N. Y. & Man. Beach RR.. 1st mortgage
:..c*
All.
N.Y.B.&M.B., 1st consol. M., gold, guar.by L.I..C*
150
N. Y. db Canada—1st M., ster.,guar. D.A H. Can..c*
Jj443
New York Central <£ Hudson River—Stock
Premium bonds (N. Y. Central) ext. 10 y’rs, ’83:.
840
N. Y. C. & II., ( $30,000,000 #
_A£r
(
840
mortgage
£21000,000 ooul'ou or
...
500 Ac.
68A70
m
$250,000
800,000
1,164,500
$1,000
1871
1869
1877
1863
27
Northern Extension
Bonds convertible into
Stock,
discovered in these Tables.
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
77
BONDS.
AND
STOCKS
RAILROAD
January, 1888.J
Nov. 1,
Nov. 1,
1926
1915
1886-87
Jan. 1. 1897
Oct. 1, 1935
May 1, 1904
Jan.
16, 1888
May 1, 1893
Jan. 1, 1903
Jan. 1, 1903
Sept. 1, 1904
Nesqueliontng Valley.—Owns from Nesquehoning Juuecion, Pa.,
Tamenend, Pa., 17 miles; Tunnel Branch, Hauto, Pa., to Lansford,
Pa., 1 mile; total operated, 18 miles. Opened in 1870, and was leased
for 999 years to the Lehigh Coal A Navigation Co. at a lease rental of
to
1884, the lease was modified so as to
the option to purchase the stock at
suspended for 20 years, with a guarantee of 5 per
$130,000 per annum. In Sept.,
pay 5 per cent a year only, and
par and interest was
cent per annum on stock.
Nevada Central.—(See Map Union Pacific.)—Battle Mountain to
Austin, 93 miles. Stock, $1,000,000. Road sold in foreclosure Juno
21, 18s7. Reorganization pending.
N. Y. Committee, Messrs. D. B.
Hatch, el\al
It is proposed to issue $750,000 new 5 per ct nt income
mortgage bonds and $750,000 stock. From Jan. 1 to Aug. 31 in 1887
(8 mos ), gross earnings were $52,689, against $38,584; net, $19,348.
against $5,576. Gross in 1886, $57,759; deficit, $2,624; deficit under
interest, $47,624.—(V. 44, p. 781; V. 45, p. 672, 743.)
Newark Sc
N.
of
Hudson.—Owns from Bergen Junction to Newark,
J., 6 miles. Leased to New York Lake Erie
$33,000 per annum, which pays interest on
& Western at a rental
bonds and 7 per cent
gross and $17,818
the stock of $250,000. Earniugs in 1886, $65,518
net. Cortlandt Parker, President, Newark, N. J.
on
Newark Somerset Sc Straltsville.—Owns from Newark, O., to
Shawnee, O., 44 miles. Road was completed in 1871. Leased to Sandusky
Mansf. A Newark for 14 years from Jan. 1, 1872. Operated by the Balt.
A Ohio, which pays 30 per cent of gross earnings, and advances any
additional amount necessary to meet the interest on the
stock, common, $795,400, and preferred, $218,200.
In
earnings were $168,532; net, $757.; lass to
85, gross, $118,430; deficit. $29,102; loss to
86, gross, $214,291; net. $35,208. In
gross,
debt. Capital
1883-84 gross
lepsee, $49,802. In 1884lessee, $64,631 In 18851886-87,
$183,010; not,
$2,575.
Newburg Dutches* Sc Connecticut.—Owns from Dutchess JunoN. Y., to Millertou, N. Y., 59 miles.
The Dutchess A Col. RR. was sold
Aug. 5. 1876, and this company was organized Jan. 8, 1877, by the pur¬
chasing bondholders. In addition to above incomes, there are $150,000
1st mort. 7s, due in 1907.
In 1884-85, gross earniugs $131,923;
net, $13,864; deficit under Interest, Ao., $2,511. In 1885-86, gross,
$143,418; net, $28,276. The common stock is $172,000 and preferred
stock $715,350. John S. Schultze, President, Mattcawan, N. Y.
York.—Owns from Vail’s Gate Junction to
13 miles. Leased October 5, 1866, to Erie
(being interest on the bonds),and operated
now by New York Lake Erie A Western.
Has no stock.
New Castle Sc Beaver Valley.—Owns from Homewood, Pa., to
New Castle, Pa., 15 miles. Road in operation since 1860.
Leased to
Pittsb. Ft. W. & Chic. RR. for 99 years at a rental of 40 per cent on gross
earnings. Lease transferred to Pennsylvania Company. There is no debt,
m 1879. 13 per cent dividends were paid; in 1880, 13 p. e.; in 1881, 24
p. c.; in 1882,14 p. c.; in 1883, 29 p. c; in 1884, 19 p. c.; in 1885, 10 p. o.;
in 1886, 6 p. c.
Gross earnings in 1885, $171,682; rental received, $68,672; gross iu 1886, $207,214; rental received, $32,855.
New Haveu Sc Derby.—Owns from New Haven, Conn., to Ansonla,
Conn., 13 miles. Capital stock is $146,600, of wliioh New Haven city
owns $200,000.
New Haven City guarantees the $225,000 second
mortgage bonds, and has a claim of about $300,000 for money ad¬
vanced. In 1887 the road was reported to have gone under tie con¬
trol of New York and New England parties.
Gross earnings in 1886-7,
$161,975; net, $67,934; surplus over interest and taxes, $21,808. In
1885-86, gross, $162,678; uet, $68,903. (V. 45, p. 84.)
New Haven Sc Northampton.--Operated from New Haven,
'onii., to North Adams, Mass.. 123 miles; branches—Northampton to
Williamsburg, 8 miles; larmiiivtou Coun., to Now Hart ford,Conn., 14
liles ; South Deerfield to Turner’s Falls, 10 miles; to Taiiifvillo, Conn.,
mile; leased—Holyoke A Westfield RR.. 14 miles; total, 170 miles,
ii April, 1881, a controlling interest in the stock was sold to New York
row Haven A Hartford parties, and in June, 1887, the road was leased
>r 99 years to the N. Y. N. H.
A II. at 1 per cent on stock Mil 1890:
lieu 2 pt*r cent till 1893; then 3 per cent till April, 1896, and 4 per cent
fterward. In 1885-6, gross income, $812,509; net, $292,218; surplus,
10,384. (V. 43, p. 132; V. 45, p. 13.)
New Jersey Junction.—Terminal road through Jersey City, Ho
okeu and Weehawken, connecting the trunk lines terminating at those
oints. Leased for 100 years from Juue 30, 1886, to the N. Y. Central
h R RR. Co., which company guarantees the bonds absolutely and
Newburg Sc New
Greenwood Junction, N. Y.,
RR., at $17,500 per annum
r
wns
($100,000) of the company.
(V. 44, p. 781.)
the stock
4,000,000.
New Jersey
Sc New
The mortgage Is for
York.—Owns from Erie Junction, N. J., to
City, 5 miles. Leased—
in April 1880.
preferred. Control
cent
ill 6
There
Iso $56,000 second mortgage 5 per cent bonds due Jan. 1,1986. Groat
arniugs in 18*6, $185,406 ; expenses, $139,753 ; net earnings, $45,653
1. L. Lary, President. (V. 43, p. 215. 597, 753; V. 44, p. 621.)
tony Point, N. Y., 31 miles; Namiet to New
hirnerville RR., 1 mile; total operated, 37 miles. The present comanv was formed on reorganization after foreclosure
tock outstanding, $1,440,800 oommou; $787,800
f road is with preferred stock and first mortgage bonds i
per
lvidends have been paid on preferred stock for three years.
are
INVESTOR’
SUPLEMNT.
■
[You
XLVi
KA1LR0AD STOCKS AND BONDS
January, i6S8. |
Subscribers will confer a great favor
DESCRIPTION.
For
explanation of column headings, Ac.,
on first page of tables.
see notes
If. Y. Chicago <£ St. Louis R’icay— Common stock...
Pref. stock, 5 per cent, non-cutnulative
istpref stock, 5 per cent, non-euwulative
bjr giving Immediate notice of
Miles
Date Size, or
of
of
Par
Road. Bonds Value.
523
523
523
513
40
1887
1875
....
....
1st mortgage, gold, sinking fund
c *
New York <£ Greenwood Lake.—1st mort., income ..
2d mort., income
156
if. Y.(6 Harlem—Com. st’k, 8 p. c. gu. 401 yrs., N. Y. C.
156
Preferred stock
132
Consol, mort., coup, or reg
if. Y. Lackawanna <£ Western— Stock, guar., 5 p.ct.
214
200
1st mortgage
c*
2d mort., guar, by Del. Lack. A West
200
„V. Y. Lake Erie efi West.—Stock, common
1,678
Preferred stock
1,678
1st mortgage (extended in 1867 to 1897)
....
2d mortgage,
gold (extended in 1879)
—
3d mort., gold (extended 40 years at 4^ p. ct)—
*tii mort., gold, (extended in 1880 at 5 per cent).
5th mortgage, convert., to be extended at 4 p. c.
Buffalo Branch Bonds
jLong Dock Co., old mortgage
o
do
mort., coup.,gold (for $7,500,000)
1st consolidated mortgage,
....
....
....
....
....
....
....
gold
do
do
funded coupon bonds.
N. Y. L. E. A W. reorg. 1st lieu bonds, gold
c*
do
2d consol, mort., gold
o'"
do
income bonds (non-emu.)
do
fund.coup.bds (redeem, at 105 & int.)
Collateral Tr. bonds, gold, red’ble at 110
Oar trust bonds (only $600,000 are 6s)
New Tone <£Long Branch—Stock
....
....
....
....
....
100
100
....
....
1872
....
1880
1883
....
...
1847
1879
1853
1857
1858
1861
1863
1885
1870
1878
1878
1878
1378 !
1,000
100 Ac.
100 Ac.
50
50
1,000
100
1,000
1,000
100
100
1,000
1,000
1,000
1,000
500 Ac.
100 Ac.
1,000
1,000
Outstanding
5,000,000
20,000,000
900,000
1,800,000
8.618,500
1,381,500
12,000,000
10.000,000
12,000,000
5,000,000
77,363,200
8,147,400
2,482,000
2,149,000
4,613.000
2,926,000
709,500
182,600
3.000,000
4,500,000
16.890,000
1,000
2,500,000
33,597,400
300 Ac.
33
3,705,977
508,003
1835
1.000
4,009,380
1882
1,000
4,273.000
.
1882
...
....
1,000
Rate per
When
Cent.
Payable
Where Payable, and by
Whom.
Bonds—Princi¬
pal,When Due.
Stocks—Last
Dividend.
$14,000,000
11,000,000
1.000
500 Ac.
500 Ac.
any error discovered In these Tables.
INTEREST OR DIVIDENDS.
Amount
5,532,090
Mortgage bonds
N. Y. <£• Massachusetts—1st mort. (for $2.750,000)..
$100
70
2.000,000
1.500.000
(?)
4 g.
6
6
4
4
7
IH
6
5
A.
F.
M.
J.
J.
M.
A
A
A
A
A
A
O.
New York.
None paid.
do
do
A.
S.
J.
J.
N.
Q.-J.
J. A J.
F. A A.
N.Y., Gr. Cenri ;*1 Depot.
do
do
N. Y. by
do
do
do
ill»
D L. A W.
do
do
Oct. 1. 1937
Nov. 30, 19( 8
Nov. 30, 1908
Jan. 3,1888
Jan. 3, 1888
May, 1900
Jan., 1888
Jan. 1, 1921
Aug. 1, 1923
....
6
7
5 g.
Yearly.
M.
M.
4L>g. M.
5 ir. A.
r?
J.
i
7
7
6 g.
i
7 g.
6 g.
6 g.
6
5 £T.
6 g
6 A o
3 L>
.i
J.
J.
A.
M.
M.
M.
J.
J.
J.
M.
N.Y., 19 Cortlaudt St.
A N.
do
do
A S.
do
do
A S.
do
do
A 0.
do
do
A D.
do
do
A J.
do
do
A D.
do
do
A O.
do
do
A S. New York and London.
do
A S.
do
A N.
do
do
A D. Coupon of June,’86, off.
A D.
Last paid Dec. 1883.
A D
A N.
New York A London.
A. A 0.
J. A D.
N.
Jan. 15,
1884
May 1, 1897
Sept. 1, 1919
Mar. 1, 1923
Oct. 1, 1920
June 1,
1888
July 1, 1891
June, 1893
Oct. 1, 1935
Sept. 1, 1920
Sept, 1, 1920
Dec. 1, 1908
Deo. 1, 1969
June 1, 1977
Dec. 1, 1969
Nov. 1, 1922
1888-1892
Oct., 1887
Y., 119 Liberty St.
1923
New Jersey Southern.—The road extends from Port Moniuoui h,
capital stock of the New York Central was made in December, 1868.
Sandy Hook, to Atco, 70 miles, with branch from Eatoutown to Pt. Mon¬ and on the consolidation with the Hudson River road (Nov. 1, 1869) a
mouth, 9 miles. The property was sold in foreclosure March 31,1879 (see further dividend of 27 per cent was distributed on the New York
Chronicle, V. 28, p. 352), and the present company was organized July Central stock and 85 per cent on the Hudson River stock.
In Nov.,
25, 1879. The capital stock is $1,590,600. The property is subject to 1879, 250,000 shares ($25,000,000) were sold to a syndicate of bankers
the
$120,000 on the Tom’s River HR. and $200,000 on
Long Branch & by Mr. W H. Vanderbilt at the price of 120, and 100.000 shares sold
Sea Shore Railroad.
The bonds have interest guaranteed by the afterwards,
hi Dec., 1885, a lease of the West Shore
Railway was
New York A Long Branch Railroad by endorsement of the bonds, and taken for 475 years and the bonds of
$50,000,000 at 4 per cent guaran¬
the Central of New Jersey agreed to assume those bonds. The road teed, by N. Y. C. A Hud., and $10a>00.000 West Shore stock
taken as
is operated
as a part of the Central New Jersey system.
Gross earn¬ consideration.
Dividends of 8 per cent per annum had been paid
ings in 1885 $1,8,574; net deficit, $80,340. Gross in 1886, $481,908 ; since 1868< but in 1885 only 3Uj per cent was paid, and in 1886 and
deficit, $36,321
1887, 4. Prices of stock since 1878 have been: 1878, In 103*V®115; in
New London Northern.—Owns from New London, Conn., to
1879, 112® 139; in 1880, 122®1553s; in 1881, lSO^Sldo; in 1882,
Brattleboro. Vt., 121 miles, of which 100 miles leased to J. G. Smith and 12358® 138; In 1883, lll^®L29is: in 1884,
83Uj®122; in 1885, 813a®
oihers. This road has been operated since Dec. 1, 1871, under lease to 1074; in 1886, 9834® 1173s; in
1887, 101
1145a; in 1888, to Jan. 20.
the Central Vermont Railroad; the lease was for 20 years at $150,000 inclusive, 107 7i 108.
per year, and $15,000 for each additional $100,000 of earnings over
The debenture bonds of 1834 must be included in any new
mortgage
$510,000 per year. In year ending Sept. 30, 1887, gross earnings were issued prior to 1902.
$609,852; net, $189,246* rental and interest received, $241,441;
Operations, Finances, Ac—The New York Central A
Hudson
paid interest, Ac., $98,697; dividend (6fa per cent), $93,750; surplus. River RR has an
exceptionally rich local trallic, but the profits also
$48,995.
depend very much upon harmony among the trunk lines.
New Orleans 6c Gulf.—The line of the road is from New Orleans
For the quarter ending Dec. 31, approximate returns were as follows:
south along the Mississippi River to Bohemi ■, with a branch, making
68^ miles in all completed in 1887. The bonus were offered in London,
Qua’*, ended Dec. 31.
,
Actual 1836.
Est. 1887.
Nov., 1886, by Messrs. Satterthwait & Co. Capital stock authorized,
Gross
earnings
$300,000; issued, $240,700. (V. 43, p. 634 ; V. 45, p. 643.)
$9,021,256
$9,990,000
Operating expenses
5,458,749
6,390,000
New Orleans <fc Northeastern. - Line of road from Now Orleans,
La., to Meridian, Miss., 196 miles.
Brock is $5,000,000.
This road be¬
Net earnings
$3,562,506
$3,600,000
longs to the so-called “ Erlanger System,” and of the stock $4,.520,000
First charges..
1,957,200
and $4,900,000 of the $5,000,000 tirst mortgage bonds are held by the
1,955,000
Ala. N. O. A Texas Pacific Junction Co.
Of the prior lien bonds $494,Balanco
$1,605,306
$1,645,000
000 yet remained in the treasury Dec., 1887. Gross earnings in 1886,
L)iv. pd., (I p. c qr.)
894,283
894,283
$661,236; net, $105,611; deficit under interest, Ac., $246,785. (Bee
title of that company in the Supplement.)
Surplus
$711,023
$750,717
Newport News 6c Miss. Valley.—(Sec Map)—This is the com¬
Annual report for 1886-7 in Chronicle, V. 45, p. 854.
pany formed under the laws of Connecticut to lease and operate all the
Year
Net Income, DivlHuntington lines between Newport News, Va , and Memphis, Tenn. On emling
Passenger Freight (ton)
Gross
over exp., dends,
Jan. 1., 1887, the company owned $5,579,600 Ches. Ohio A Southwest¬
Sep. 30. Mileage.
Mileage.
Receipts, int. A rents, p. c. Surplus
ern preferred, and $3,442,000 common stock, $1,055,500 Elizabethtown
$179,024
Lexington A Big Sandy RR. stock, and $1,723,000 Chesapeake A Ohio 1883.429,385,561 2,200,896,780 $33,770,722 $7,327,156 8
1884.387,829,886 1,970,087,115 28,148,667 4,668,759 8 *2,490,885
bonds of 1918. Company leases the three roads mentioned,
aggreating 1885.438,397,774 2,137,824,205 24,429,441 2,176,342 34*953,651
1,040 miles, the former for 50 years and the latter two for 250 years,
agreeing to pay the expenses, mterest and fixed charges so far as net 1886.476,128,729 2,414,266,463 30,506,362 4,650.100 4 1,072,968
2,704,732,176 35,297,055 5,147,509 4 1,570,377
earnings suffice, in the order of their priority, any surplus up to 6 per 1887.528,308,742
”*
Deficit.
In 1881-5 total deficit was $2,295,072.
cent to be divided to lessor companies, and the excess retained by the
lessee. See annual report, with balance sheet, Ac., in V. 44, p. 780. —(V. 44, p. 22, 58, 212, 370; V. 45, p. 5, 26, 211, 45G, 472, 696. 703,
792, 840, 854; V. 46, p. 38.)
Registrar of stock, Metropolitan Trust Co., New York. Ollices of Co.
No. 23 Broad st. and New Haven, Conn. -(V. 43, p. 547 ; V. 44, p. 90,
New York Chicago 6c St, Louis Rallim?/.—Owns from Buffalo,
344, 466, 780; V. 45, p. 211.)
N. Y., to Grant Crossing, III., 513 miles; leases in Buffalo 14
miles;
New York Brooklyn 6c Manhattan Beacli.—From Fresh
Grand Cros#ngto Chicago 9 miles; total, 523 miles.
Pond Junction to Manhattan Beach, and branches to
The
former
company was organized in 1881 and became known as
Bay Ridge and
Greenpoint, 20 miles. This was a consolidation Aug. 27, 1885, or the N. the “Nickel Plate.” Sale in foreclosure took place May 19, 1887, and
the present company was formed (see plan of reorganization V.
Y. Bay Ridge A Jamaica RR., the N. Y. A Manhattan B.
Railway Co.
and the L. I. City A Man. B. RR. Co. The railroads are leased for 99 44, p. 211) in September,
1887, by consolidation of companies
and election of the following
years from 1885 to the Long island RR* Co. at 35 per cent of gross in the several States traversed,
board
of
directors:
W.
K.
earnings, but the rental guaranteed to be at least $95,980 in each year;
Vanderbilt, Cornelius Vanderbilt, H.
McK.
1st consol, bonds are endorsed by L. I. RR. on application,
Twombly, J B. Kennedy. James A Roosevelt, Charles Reed, F.
of the
A. Mizcner, D. W. Cot win, J. IT. Wad*, F. P. Olcott, C. M.
stock $650,000 is preferred for 5 per coin, but not cumulative.
In
Depew and
year ending Sept. 30, 1887. rental received was $102,500; deficit un¬ Allyn Cox.
The tirst preferred stock has a 5 per cent preference,
der interest, dividend (5 per cent) and miscellaneous
non-cumulative and the preferred stock has next preference for 5
expenses, $1,104.
per
cent, non-cumulative. A sinking fund of $100,000 per year is pro¬
—(V. 43, p. 125.)
New York 6c Canada.—Owns from Whitehall, N. Y., to Rouse’s vided when the net earnings are $90o,000 or upwards, if bonds can bo
Point, N. Y., 113 miles; branches: Tieonderoga, N. Y., to Baldwin. bought at 10i. D. IV. Caldwell, President. Bee abstract of mortgage
N. Y.,4 miles; Plattsburg, N. Y., to Ausable, N.
Y„ 20 miles; West (Central Trust Company of Now York, trustee), V. 45, p. 541.
For the year ending Sept. oO, 1887, the reports to the New York State
Chazy to Province line, 13 miles; total operated, 150 miles. The road
is leased and virtually owned by the Delaware A Hudson Canal Com¬ Commissioners show* d:
1885-86.
pany, which guarantees the bonds.
The stock is $4,000,000.
1886-87.
hi year
ending Sept. 30, 1887, gross earnings were $828,970; net, $315,172; Gross earnings
$3,595,169
$4,569,591
surplus over rentals and taxes, $47,082. in 1885-86. gross $772,661; Operating expenses
2,417,817
3,242,082
net, $268,811; surplus, $32,305.
(V. 45, p. 180, 614, 8o6.)
Net
earnings
$1,177,352
New York Central 6c Hudson.—Line of Road.—Owns from
$1,327,509
415,066
New York City to Buffalo, N. Y., 442 miles; branches on New York Rentals, taxes, Ac. (no int. on mortg.).
292,273
Central division, 308 miles;
total owned, 750 miles; lines leased—
Surplus
$762,286
West Shore RR., 426 miles, and branch* s, 22 miles;
$1,035,236
Troy A Greenbush,
6 m.; Niagara Bridge A Canandaigua, 99 m;
Spuyten Duyvil A Port —(V. 43, p. 163, 334, 459, 608, 774; V. 44, p. 60,118, 211, 212, 244,
Morris, 6 m.; N. Y. A Harlem, 127 m.; N. J. June., 4 in.; Lake Mahopac, 7 276. 278, 3u8, 335, 344, 466, 495, 527, 621, 653, 811; V. 45, p. 53, 203,
miles; total, 697 miles; .grand total, 1,447 miles. The second track 240, 272, 292, 401, 425, 541, 642, 643, 673, 676.)
owned and leased is 882 miles; third track, 320 miles; fourth
New York 6c Greenwood Lake.—Owns from Jersey
track,
City, N. J.,
299 miles; turnouts, 775 miles—making a total of 2,426 miles of track to Greenwood
Lake, 48 miles; branches — Riugwood Junction to
owned by the company, and 1,297 miles leased,
3,723 miles in all. Ringwood, 2 miles; North Newark to Orange, N. J., 8 miles; total, 58
Al.-o operates the Dun. All. Val. A P. RR., 104 miles, but
reported sep¬ miles. This was the Montclair Railroad, opened in 1874. It was sold
arately. The West Shore R’way was leased in Dec., 1885, for 475 years. and reorganized as Montclair A Greenwood Lake, and again sold
Organization, Ac. -This company was formed by a eensolidation October 12, 1878, and the
present company organized. The New York
of the New York Central and the Hudson River railroads
Lake Erie A Western purchased a controlling interest in the
October
property
1,1869. The New York Central was a consolidation of several roads and now operate it. The holders of the second
mortgage bonds have
under a special law of April 2, 1853. The Albany A
Schenectady Rail¬ a right to pay off the first mortgage bonds of $900,000 at 105, and thus
road, opened September 12,1831, as the Mohawk & Hudson, was the
first railroad built in the State of New York. The Hudson River Rail¬
885, $188,474; net, $21,514; payments, $19,149. Gross earnings in
road was chartered May 12, 1846, and road opened
October, 1851.
1886, $228,169; net, $8,239; payments, $17,895. Abram 8. Hewitt,
Stock and Bonds.—The famous scrip dividend of 80 per cent on the President.
.
fain control of the property. The stock is $100,000. Gross earnings in
INVESTORS’
80
Subscribers will confer a great favor by giving
DESCRIPTION.
For
explanation of column headings, Ac., see notes
on first page of tables.
JT.T. A N. England—Stock ($20,000,000 authorized)
Preferred stock, 7 per cent cumulative
1st mortgage ($6,000,000 are 7s)
c*
2d mortgage ($3,341,000 are 6s)
Notes and debts for terminal property
Terminal hands for $1,950,000
New York New Haven A Hartford—Stock
,
Mortgage bonds, (for $5.000,000)
r
Harlem & Portchester, 1st mortgage guar
n&r
do
do
2d M., coup, or reg., guar..
if. F. A Northern—1st mort., gold
c
2d mort., gold, (income till Dec., 1891)
c
Hew York
”
Oniario A Western—Common stock
let M„ gold,
for $4,000,000 (redeemable at 110)..
go!d,$A£
mort., gold (no foreclosure till 1895,) $ A £ ..
New York Penn. A Ohio—Prior lien bonds,
1st
2d mortgage, incomes, $ A £
3d mortgage, incomes, $ A £
N. Y. Phita.~A Norfolk—1st mortgage, gold
Income mortgage, non cumulative
N+Y. Prov. A Boston—(Stoniugton)—Stock
First mortgage
c*
1st mortgage (Stoniugton to New London)
c*
N.Y. ARoc)cciway Beach—1st M„ g.,end’sed by L.I.c*
Income bonds, non-cumulative
r
N Y^Susqueh.A Western— 1st mort., Midland of N. J.
Mortgage, gold, on Paterson Extension
First mort., refunding, gold (2d M. on 72 miles)..o
New 2d M. ( $1,000,000 gold), 3d M. on 72 miles..
N. Y. Tex.A Alex.—1st M.. g., $ or £, gu. by So. Pac.c*
Niagara Bridge A Canan’d—Stk, 6%ront.,N.Y.
Norfolk Southern—1st mortgage, gold
2d mortgage, income (not cumulative)
Cent.
Miles
of
Date
of
Road. Bends.
471
....
321
321
....
SUPPLEMENT,
immediate notice of
Size, or
Par
Value.
263
123
12
12
54
54
417
320
432
432
432
432
112
82
50
12
16
73
....
134
134
92
100
75
75
•
•
•
1884
1880
1880
1880
1880
1883
1883
1,000
1,000
1,000
1,000
500
500
500
500
Ac.
Ac.
Ac.
Ac.
1,000
1,000
100
....
1869
1881
1887
1887
1880
1881
1887
1887
1882
....
1880
1881
1,000
1,000
1,000
500 Ac.
1,000
1,000
1,000
500
100
1,000
1,000
Ft. Lee, 4 miles; Northern of N. J., 25 miles;
miles; N. Y. Penn. & Ohio and branches, 573
operated, 1,678 miles.
1883, began to operate the New York Pennsylvania & Ohio
and on May 14, 1883, the Chicago A Atlantic road was
opened from Marion, Ohio (on the New York Pennsylvania A Ohio), to
Chicago, 268 miles, and under control of N. Y. Lake Erie A West, gave a
complete line from New York to Chicago; but in 1885, owing to dissen
eions, this was broken.
Ac.—The New Y"ork & Erie RR.
was
chartered
April 24,1832, and the State of New Yrork loaned the company $3,000,000; the road was opened to Dunkirk April 22, 1851. The company
reorganized under the name of Erie Railway Co. June 25, 1861.
Railway was sold in foreclosure under the second consolidated
mortgage in 1878.
The present company was organized and took
was
This Erie
possession June 1, 1878. The Long Dock Co. has stock of $800,000, all
owned by the N. Y\ L. E. A W.; its property consists of lands and lands
under water, about 577 acres, with piers, buildings, Ac.
& W. Coal A RR. Co. is an auxiliary corporation from
of $2,039,338 are due, as per balance sheet of Sept. 30,
Bonds.—Preferred stock has
a
The N. Y. L. E.
which advances
1887.
prior right to 6 per cent
(non-cumulative) from the net protits, ‘*as declared by the board of di¬
rectors,” but the U. S.
Supreme Court held in 1886 that this stock has
legal right to claim a dividend, though netearnings are sufficient.
Prices of com. and pref. stock since June, 1878, have been as follows:
Com—In 1878,
in 1879, 21*e®49; in 1880, 300)51*8; in 1881,
393p@5278; in 1882,33*40)43%; in 1883, 2678®407s; in 1884, 11 *80)2838;
in 1885, 9k*®2778; in 1886, 22Vd>383s; in 1887, 24*s035«8; in 1888 to
Jan. 20, inclusive, 27*20)29*8. Pref.—In 1878, 21*30)38; in 1879, 37*2
®78*8; in 1880, 470)93*2; in 1881,80*20)96*3; in 1882, 67088%; in
1883, 72-383: in 1884, 200)71: in 1885, 180)57; in 1886, 5O*s>0)8m>; in
1887, 590-76; in 1888 to Jan. 20, inclusive. 610)65*2.
The 1st consol, funded coupon bonds are secured by lien of consoli¬
dated mortgage. On the second consolidated mortgage (Fanners’Loan
& Trust Co., trustee), no foreclosure can take p?aee till six successive
coupons are in default, but all of one coupon must be paid before any
pan of a subsequent coupon is paid. In 1883 the collateral trust bonds
were issued (the U. 8. Trust Co. trustee; see V. 38, p. 509), and redeem
able at 110 on three months’ notice. The 2d consol, funded coupon bonds
of 1885 were issued to fund three past due coupons and the coupon of
June, 1886, and the coupons are deposited as security. These bonds are
redeemable at any time at 105 and accrued interest. The Long Dock
rnort. for $7,500,000 was issued in 1885 ($3,000,000 being reserved to
meet the old bonds), and the bonds are payable at 110 from land sales.
no
Operations, Finances,
Ac.—The income account for several years
showed a considerable surplus over fixed charges, but in 1883-84 the
income fell off largely, and there was a deficit below interest, and three
coupons, June, 1884, to June, ’85, on the 2d consol.bonds, were passed.
From October 1, 1887, to Nov. 30, 1887 (2 months), gross earnings
were
$4,94o,466, against $4,691,224 in 1-85-6;
net, after deducting
proportions due leased lines, $1,388,1*95, against $ 1,412,428.
The annual report for year
the Chronicle, V. 45, p. 740.
1885-6.
1886-7.
$
24,756,066
Proport’n paid leased lines.
$
20,833,085
1,898.512
2,256,019
$
26,567,859
2,357,501
Leaving as gross revenue...
Operating expenses
18,934,573
14,347,516
22,500,048
16.388,638
24,210,358
17,390,673
4.587,056
6.111,408
0,819,685
68-8689
66-2005
65*4575
Total gross earnings
Net earnings
Per centof op. expenses...
Dividend.
Various
Boston.
Q.-J.
N.Y., Grand Cen. Depot.
2*2
15,500,000
2,000,000
2,000,000
1,000,000
1,200,000
3,200,000
58,113,982
2,976,000
4
6 A 7
4
6
6
7
5
5
8,000.000
44,236,000
14,500,000
30,000,000
1,848,000
1,000,000
J.
A.
J.
A.
S'
A
-
Nov.
1,1887
Jan., 1, 1905
Aug. 1, 1902
Feb.7,1889-92
do
do
do
N.
do
do
do
Y., Office, 6 Wallet.
g.
g.
2*2
7
4
6g-
A. A O. N. Y., Nat. Park Bank.
N. Y.\ Office of Co.
I. A D.
J. A J. N. Y., Nat. Park Bank.
4*2g. F. A A. N. Y., 15 Cortlandt st.
4 g- A. A O. N.Y. ,So.Pac.Co.;Lond’n
3
A. A O. N. Y., Cent. RR. Office.
6 g. M. A S. Int.fund. from Sep. 1,’84
6
Yearly.
6
6 g.
5 g.
900,000
1,000,000
Jan. 2, 1883
June 1, 1903
1903
June 1,1911
Oot. 1, 1927
Dec. 1,1927
New York
A ‘S.
Sept. 1, 1914
A 8. London and New York. March 1,1895
do
do
A J.
July 1, 1905
do
do
AN.
May 1, 1910
do
do"
AN.
May, 1915
A J. Phila., Penn. RR.Office, Jan. 1, 1923
do
de
Oct. 1, 1933
Q—Feb. N. Y., Central Trust Co. Nov. 10, 1887
do
do
J. A J.
July 1, 1899
do
do
A. A O.
April 1, 1901
M. A S. N.Y., Treasurer’s Office. Sept. 1, 1927
!*•
4,000,000
1,000,000
300,000
1,000,000
1,000,000
3,500,000
250,000
3,750,000
636,000
1,442,500
1,000,000
A D.
A O.
AD.
A 0.
M.
M.
J.
M.
M.
J.
g.
g.
g.
April 1, 1910
June 1,1910
Jan. 1, 1937
Feb. 1, 1937
Apr. 1, 1912
Oct. 1, 1887
Sept. 1, 1920
Jan.
1,
1970
comparative statement of profit and- loss.
1885-86.
1884-85.
Credits—
1886-87.
Earnings—Main line A brs.
Working expenses
$
18,934,573
14,347,517
Net earnings
Pavonia ferries - earnings..
Interest on securities
Other credit items...
4,587,056
286,588
455,421
260,683
6 111,410
424,829
229,109
401,508
266,623
5,589,748
6,966,691
7,057,869
7,043.258
7,158,544
Total credits
Total debits*
Balance
df.
Allowing for full interest
on
1,376,943
$
24,210,358
17,390,673
$
22,500,048
16,388,638
6,819,685
'■
292,521
sur.
14,611
272,527
7,760,343
sur.
601,793
2d consol, bonds, whether paid or not.
-(V. 44, p. 22, 90, 149, 212, 308, 369, 401, 466, 551, 602, 681; V. 45^
p. 26, 143, 211, 212, 305, 437, 722, 740, 743.)
New York Sc Long Brandi.—This company was formed in 1881
by consolidation of several roads extending from Perth Amboy to
Bay II* ad, 38 miles.
The Central RR. of New Jersey owns a ma¬
jority of the stock, and under The reorganization $1,500,000 is held asseem ity for the new mortgage.
The stock will be paid off April 1,1888*
In 1886 gross
earnings were $602,552;net, $129,099.
Sc Ulassacliusetts.—Owns from Poughkeepsie to
Boston Corners, 40 miles, and projected to Chicopee, Mass. This road
embraces tire former Pouglikeep.-ie Hartford & Boston, foreclosed in
1886, and is to bo extended as a connection for the Poughkeepsie
New
Bridge.
York
The bonds have not yet been issued.
G. P. Felton, President,
Poughkeepsie, N. Y.
York
England.—The mileage owued is as fol¬
Hopewell Junction, 215miles; Wicopee to Newburg, 3
miles; Providence to Willimantic, 59 miles; branches—Newton, Mass.,
to Woonsocket, R. I., 28 miles; East Thompson,
Conn., to Southbridge, Mass., 17 miles; State line to Springfield, 7 miles; other small
brandies, 5 miles; total owned, 334 miles. Leased—Franklin to Valley
Falls, 14 miles; Vernon to Rockville, 4 miles; E. Hartford, to State line,
20 miles; Melrose to Rockville, 7 miles; B. & A. RK., 1 mile; Norwich
& Worcester RR., 67 miles; total leased, 113 miles; also has running
arrangements over 24 miles more. Total, 471 miles. Controls Norwich
New
Sc New
lows: Boston to
A N. Y. Steamer line.
The former Boston Hartford A Erie Railroad became insolvent and was
succeeded by this company, formed in 1873. In 1878-79 the company
acquired the Hartford Prov. A Fislikill RR. Trustees of lstmort. are
Boston Safe Deposit A Trust Co.; of 2d mort., W. T. Hart, E. C. Fitz, and
F. J. Kingsberry.
Terminal bonds to fund the terminal indebtedness
authorized in Dec., 1887.
On January 1, 1884, Mr. C. P. Clark, the President, was appointed the
receiver, and so remained till Jar. 1, 1886, when the road was returned
to its owners.
For the car trust bonds 2d mortg. bonds were issued,
bearing 3 per cent to Feb. 1890, 5 per cent to Feb. 1892 and 6 for bal¬
ance of term.
Range in common stock prices since 1882 has been : In 1883, 17*2®
were
52%; In 1884, 8017%; in 1885, 12*2039%; in 1886, 30*20)6858; in
887, 34%®66; in 1888 to Jan. 20, inclusive, 3(j3g039%.
Annual report for year ending Sept. 30, 1887, in V. 45, p. 704.
Operations, Ac-., for four years oast were :
INCOME ACCOUNT.
1883-84.
Receipts—
Gross earnings
Netearnings
Other
1884-85.
$
3,337,90L 3,288,946
396,276
987,231
31,846
23,473
$
receipts
*
Total income
Disbursements—
Rentals paid..
Interest on bonds*.
Int. on floating debt.
Int.oncar tr’stsAmis.
7 per cent dividend..
.
Tot’ldisb’ments.
ending Sept. 30, 1887, was published in
The earnings include all the leased lines:
1884-5.
Stocks—Last
Whom.
Payable
4 A 5
1,386,532
1,000Ac
1,000
On May 1,
under lease;
Stock and
pal,When Dne.
Payable, and by
Boston.
3*2 M. A N.
6 A 7
J. A J. Bos., Safe Dep. A T'st Co.
10,000,000
Boston.
4,361,000 3 to5 A6 F. A A.
100
•
1883
1873
1881
1887
1887
All operations of the main road are included with
Organization, Leases,
Where
’
Opened Oct., 1882, and leased to Del. Lack. & West, for 99 years, with
a guaranty of the bonds and 5 per cent yearlv on the stock.
The latter
guaranty is written across the face of the certificates and signed by the D.
L. & W. officials. Sept. 30, 1886, owed D. L. A W. for advances $782,770.
New York Lake Erie Sc Western.—Line of Road.—Jersey City*
N. J., to Dunkirk, N. Y., 460 miles: branches—Piermont. 18 miles; New
burg, 19 miles; Buffalo. 60 miles; Erie Interuatioual RR., 5 miles;
Rutherford to Ridgewood, 10 miles; leased—Montgomery & Erie RK.,
.10 miles; Goshen & Deckertown, 12 miles; New burg A New York,
13 miles; Paterson Newark. AN. Y., 11 miles; Hawley A Honesdale, 24
miles; Jefferson RR., 37 miles; Buff. Brad. & Pittsburg and extension, 68
miles; Buff. N. Y. & Erie, 140 miles; Suspension Bridge A Erie Junction,
23 miles; Rochester & Gencssee Valley, 18 miles; Avon Gen. A Mount
Morris, 18 miles; Pat. & Hud., 15 miles; Pat. & Ram., 15 miles; Lockport
& Buff., 15 miles; Buff. & Soutliw., 68 miles; controlled—Newark A Hud.,
miles; total
Bonds—Prinei -
$19,712,000
1,950,000
....
those of the N. Y. Central & Hudson.
New York Lackawanna Sc Western.—(/See Alap of Del. Lad:.
«£ West.)— From Binghamton to Buffalo and International Bridge and
■branches, 214 miles; built under the auspices of Del. l ack. & Western.
6 miles; Weeliawken N.Y. &
Middletown A Crawford, 11
discovered to these Tables.
When
Rate per
Cent.
Outstanding
1,000
1,000
New York Sc Harlem.—Owns from New York City to Chatham*
N. Y., 127 miles. From Chatham to Albany, 24 miles; the Bost. & Alb.»
RR. is used.
This company owns the Fourth Avenue street railroad
The property (except the horse railroad) was leased April 1, 1873, ror
401 years, to the N. Y. Central & Hudson River RR. at 8 per cent diviidends on the stock and the interest on the bonds. The Fourth ave. horse
railroad was retained, and extra dividends are paid out of its receipts
annually in April.
Amount
....
1876
1882
1882
any error
INTEREST OR DIVIDENDS.
$....
....
[Yol. XLV1,
Balance
-
1885-86.
$ •
3,863,994
1,243,389
35,411
1886-87
$
4,217,917
1,233,603
65,768
428,122
$
1,010.704
$
1,278,800
$
1,299,371
88,903
130,132
66,235
66,636
916,273
933,221
964,629
10,113
28,769
94,269
82,103
1,097,397
1,124, L63
def 669,275 def. 113,459
961,077
9,507
8,543
133,000
135,975
32,041
....
$
1,267,640 1,172,231
ll,160sur,127,14O
sur.
on cost of Boston Term, lands and full interest on bonds.
-(V. 44, p. 22, 3 49, 185, 276, 308, 344, 525, 551, 682; V. 45, p. 614,
*Includ. int.
673, 704, 768, 820.)
New York New Haven Sc Hartford.—Owns from Harlem JuneN. Y., to Springfield, Mass., 123 miles; branches to New Britain, Middletown andSuffield, 18 miles, leased—Harlem APortchester RR., 12 miles;
Shore Line RR., 51 miles; Boston A New YTork Air Line and branch, 54
miles; Stamford A New Canaan Road, 8 miles—total operated, 266
miles. This was a consolidation July 24, 1872, of the New York A New
RAILROAD
January, 1888.]
AND
STOCKS
BONDS.
81
Subscribers will confer a great favoi by giving Immediate notice of any error discovered In these Tables*
DESCRIPTION.
exn'unation of column headings, Ac., see notes
on
of tables.
iirst page
Norfolk Southern—(Continued)—
2d mortgage debenture
Funded inf. bonds ($270,000 secured by coupons)
Norfolk <£ Western.—Common stock
Preferred (6 per cent) stock
General mortgag, gold (for $11,000,000)
1st M.,gold, on New Riv.div, (coup, or reg.)....
Improv. & Ext. mort., gold, ($8,000,000 author’d)
Adjustment mort., gold (red’ble after ’94 at 110).
1st M. Clinch Valley Div., gold (for $3,325,000)c*
....
533
533
428
106
533
533
115
Convertible debentures (red’ble on 30 days’ notice)
Norfolk A Petersburg—2d mort.
South Side—1st pref. con. M. (ext. in ’85-’8G-’38)
2d
guar. Petersb’rg
do
do
do
3d
do
81
133
133
133
214
214
223
223
223
76
Virginia & Tenn.—Enlarged mort. (extend’d in ’84)
do
do
4th mortgage
No.Carolina—Stock, com., 6 % till 1901. Rich. & D.
Pref. stock.—2 p. c. rental tilL 1901. Rich. A D..
Mortgage bonds
-North Pacific Coasts- 1st and 2d mortgages
iBt mort. North Pacific Coast Extension Co.
No. Penn.- -Stock, 8 % guar. 990 yrs., Phil. A Read.
2a mortgage
General mortgage bonds
Bonds secured by $1,200,000 stock
Northeastern (S. C.)—Stock
1st mortgage
2d mortgage
Consol, mort., gold (for $1,836,000)
....
88
56
....
....
c
c
140
102
102
c
....
149
47
Northern (Cal.)—1st mortgage ($6,300,000), gold..
San Pablo A^Tulare— 1st mort. ($3.750.000)
1881
’80-’82
1882
1883
1884
1887
Var’s
1884
1868
1868
1868
1868
1854
1865
....
....
1,000
3,500,000
1,500,000
1,000
2,500,000
500
1,000
1,000
452,800
985.000
1,000,000
100
100
500
3,000,000
1,000,000
210,000
1,100,000
....
50
500 Ac.
4,399,750
1,500,000
4,169,500
1,200,000
50
500
500
....
900,000
820,000
322.000
1,000
1,000
694,000
3,964,000
1,000
1,023.000
g.
g.
M. A
Where
Payable, and by
Whom.
|
Q.-M.
S.
do
do
do
do
do
do
do
do
do
do
Stocks—Last
Dividend.
Oct. 1, 1921
1920 A 1921
Jan. 15,1884
May 1, 1931
April 1,
Feb. 1,
Deo. 1,
June 1,
1932
1934
1924
1957
Various.
A J.
Jan. 15, 1894
Philadelphia Office.
A J. N. Y. and Philadelphia. July 1, 1893
do
A J.
do
1889 to 1900
5, 6 A 8
5 A 6
do
A J.
do
1889 to 1900
6
A J.
do
do
Jan.1,’96-1900
5
A J.
do
do
June 30, 1900
do
8
A J.
do
Mch. 1, 1900
3
A S.
Burlington, N. C.
Sept. 3, 1887
3
A S.
do
do
Sept. 1, 1887
8
!M. AN.
do
do
Nov., 1888
6
iM. A N.
Nov. 1, 1901
1
J. A J.
Jan. 2. 1889
2
Q.-F.
Philadelphia, Office. Nov. 25, 1887
7
M. A N.
do
do
May 1, 1896
T. A J.
7
do
do
1903
M. A S.
3
do
do
Sept. 1, 1905
3
Jan. 1, 1887
M. A S.
8
Charleston, Office.
Sept. 1, 1899
M. A S.|
do
do
8
Sept. 1. 1899
6 g. J. A J.< N. Y., John Paton A Co. Jan. 1, 1933
6 g. I. A J.j N. Y., Southern Pac. Co.
Jan. 1, 1907
6
A. A O.i
do
do
April 1, 1908
.
150.000
....
....
1869
1869
1883
1877
1878
503,000
395,300
1,000
1,000
g.
g.
A. A O.
F. A A.
6
8
496,000
100 Ac.
100 Ac.
....
Payable
6
6
7
5
1,103,520
525,000
....
1881
When
Cent.
2,000.000
1,000
....
Rate per
pal,When Due.
6
A. A O. Int.fund. from Sep.1,’84
$250,000
Various
6
345,000
7,000,000
22,000,000 3^ scrip.
6 g. M. A N. N. Y. and Philadelphia.
6,912,000
1,000
1,000
....
....
Outstanding
300
100
100
....
’67-’68
1881
Amount
$1,000
....
1881
Bonds—Prill cl -
INTEREST OR DIVIDENDS.
Miles
Date
Size, or
Par
of
of
Road. Bonds Value.
M’nthly
J.
J.
J.
J.
J.
I.
J.
M.
M.
A lease to N. Y. Lake Erie A Western from May 1, 1883, was modi¬
New Haven railroads. The company uses
Williainsbridge into N. Y. City and pays a fied from April 1, 1887. The rental is 32 per cent of all gross earnings
The company leases the Harlem River A Port- up to $6,000,000, and increased by 1-10 of 1 per cent on each $100,large rent therefor.
ehester Railroad, and guarantees the bonds. In November, 1882, the 100 of gross earnings above $6,000,000 until the gross earnings are
$7,250,000, and then 3>aper eent of all eamiugs. But if 32 per cent
lease of the N. Y. & Boston Air Line for 99 years at 4 per cent per an¬
num on the preferred stock was made.
In Sept., 1882, the stock of the of the gross earnings should ever be less than a specified minimum sum
Hart. & Conn. Val. road was purchased. In April, 1881, a controlling in¬ of $1,757,055 to be paidyearlj-. then the deficit is to be made up without
terest was bought in the N. Haven A Northampton RR. In July, 1887, interest out of the excess in any subsequent year. Out of the rental paid,
the New Canaan road, the Naugatuck, the New Haven A Northampton the N. Y. P. A O. has to pay its interest and rentals, and a payment of
$260,346 a year to the car trust. 8ee V. 45, p. 211, 614.
and the Hartford A Connecticut Valley were leased for 99 years.
Earnings'for year ending Sept. 30, 1886, $6,161,107; net, $2,011,522;
Fiscal year ends Sept. 30. Annual report for 1886-87 was in V. 4% p.
Haven and the Hartford &
the N. Y. A Har. RR. from
rental to N. Y. P. A O..
790.
1883-84.
1884-85.
$
$
Total
..
..
Surplus
Dividends paid,10 p.c.
Balance
(V. 44,
79'*.)
p.
$
1886 87.
$
6,895,824
7,601,946
4,449,288
4,775,820
7,890.209
5,434,288
2,446,536
2,826,126
2,455,921
422,992
425,668
250.052
250,000
442,876
250,000
452,028
250,000
675,668
1,770,868
1,550,000
692,876
2,133,250
1,550,000
702,028
1,753,893
1,550,000
earn’gs.... 6,887,259
Opcr. expen. A taxes. 4,655.044
Total gross
Net earnings
Disbursements—
Rentals paid
Interest on debt....
1885 86.
2,232,215
673,044
1,559,171
1,550,000
■
220,868
New
York Ac Northern.— Owns from 155th Street and 8th
Avenue, New York City (connecting with Metropolitan Elevated), to
Brewsters, N. Y., and branch. 54 miles; also double track branch from
Van Cortlai dtto Yonkers, 42 mil s; total, 58 miles. The former N. Y.
City A Northern was sold in foreclosure Aug. 17, ’87, and this company
was organized with common stock of $3.0 >0,000 and pref. 5 per cent
The following directors were elected: A. Baylis,
F. Dimock, J. B. Erliardt, G. J. Forrest, W. H. Hoi
lister, A. Lichenstein, J. J. McCook, A. Marcus, W. Mertens, R. Randall,
G. W. Smith and G. L. Stone. Joel B. Erliardt, President.
Trustee of 1st mortg. is Central Trust Co.; of 2d iuo tg., Farnteis’
Stock of $6,000,000
D. E. H. Bonner, II.
Loan & Trust Co.
For year ending ?ept. 30,1887, gross'earntngs were $484,380, against
$523,351 in 1886; net, $65,731, against $111,676. (V. 43, p. 547; V.
44. p. 90. 211. 235, 370, 499, 586, 752; V. 45, p. 135, 240, 272, 512,
€43, 820, 856.)
New York Ontario Ac Western.—Owns from Oswego, N. Y.,
to Cornwall. N. Y., 273 miles; branches to New Berlin, 22 miles;
to Delhi, 17 miles: to Ellenville,8 miles; total owned, 320 miles ; leases
-Randallsville to Utica, 32 miles, and Clinton to Rome, 12 miles. By con¬
tract has right over West Shore RR. from Cornwall to Weeliawken, 53
miles; total operated, 417 miles. In May, 1886, made the agreement
with the D. & H. Canal Co. for operation of the U. C. A Bing, and the
Rome A Clin, roads for 30 years on a percentage basis.
This was the New York & Oswego Midland. Main line was opened
July, 1871. Default was made in 1873. The main line was sold in foreoiosurerNov. 14, 1879.
Present company organized January 22. 1880.
Of the $4,000,000 of 6 per cent first mortgage bonds $2,000,000 were
used to retire the pref stock. By agreement with the new West Shore
Co. in January, 1886. the N. Y. O. & W. took title to the roarl, Middleton to Cornwall, and a right to run its trains over the West Shore from
Cornwall to Weehawken by payment of a fixed sum per mile for track
age. An important agreement witu New Yo: k Central
made in 1888. (V. 46, p 75.)
From Oct. 1.1887. to Nov. 30. 1887 (2 mos.), gross
New York Pennsylvania Ac Ohio.—Owns from Salamanca,
N. Y., to Dayton, O., 388 miles; branches—to Oil City, 34 miles; to
Silver Creek, O., 2 miles; total owned. 424 miles.
Leased lines—
Cleve. A Mahon. RR.,81 m.; Niles & New Lisbon RR., 36 m.; other small
branches. 32 m.; total operated, 573 miles. Changed to standard gauge
June. 1880.
Formerly Atlantic & Great Western Railway Sold July
1. 1871, and leased to Erie on May 1,1874, but lease not carried out.
Again sold Jan. 6, 1880, and reorganized by a London committee
of stock and bond holders. (See V. 30. p. 143.)
Five trustees exercise the voting power of the new stock until the third
mort. bondholders receive 7 per cent interest in cash during three years.
The first mortgage bonds bear 7 per cent, whatever portion of this that
may not be earned to be payable in deferred warrants, to be capitalized
In bonds of the same class; payment of interest to become absolute not
later than July 1,1895, and until July 1, 1895, the right to foreclose
second and third mortgages there
foreclose. The stock is-preferred
$10,000,000: common. $34,999,350. The deferred warrants Dec 31.
’86, were $5,502,176. Bonds above are also secured on leasehold estates,
614, 673.)
New York
Phlladelplila Ac Norfolk.—Operates from Delmar,
Del., to Cape Charles, Va.. 95 uxles, aud King’s Creek, Md., to Crisfleld,
17 miles; total, 112 miles. Successor of the Peninsula RR. Co. of Va.,
Jan. 1, 1884, purchased the Eastern Shore (Md.) RR., Delmar to Crisfield, 38 miles. Capital stock, $1,714,375. There is also a 6 per cent
bottomry mortgage for $225,000 due in 1887. From January 1 to
September 30 in 1887, gross earnings were $189,607, against $317,988
in 1886; net, $73,447. against $52,826.
Gross earnings in 1886 were
$125,906; net, $61,11*; defi it under all interest, $78,063. Gross in
1885, $313,148 ; net, $18,500; interest, $120,007. A. J. Cassatt, Pres.,
New York Providence & Boston.—Owns from Providenoe. R.
I., to Groton, Conn., 62 miles; Warwick RR., 10 miles; Pontiac branch,
4^ miles; operates also Pawtuxet branch roads. Similes; total oper¬
ated, 82 miles. Owns a maionty interest in the Providence A Stoning,
ton Steamship Line, which has a capital of $1,400,000.
In year ending
Sept, 30. 1887. gross earnings were $1,276,798; net, $408,358; add 8S.
dividends, $120,735. In 1885-86, gross, $1,237,120; net, $376,073.
-(V. 43. p. 745; V. 45, p. 819, 820.)
New York Ac
Rockaway Beach.—Owns from Glendale Junction
Rockaway Beach, 10% miles; leases trackage—Glendale Junction to
Long Island City, 682 miles; Fresh Pond to Bush wick. 2 hi miles; Woodbaven to Brooklyn, 6ha miles; total operated, 26^ miles. The stock is
$1,000,000. Contr< l!ed by L. T. RR. Co., whoa* endoisement is prmted
on first mortgage bonds.
Foreclosure sale of the N. Y. Woodhaveu A
Roekaway road was made in June, 1887, and this company oiganized.
-(V. 44, p. 713; V. 45, p. 13, 311 ; V. 45, p. 572, 856).
to
New York
Susquehanna Ac Western.—Jersey City to Gravel
Place, 101 miles; Two Bridges, N. J..to Unionville, N. Y., 21 miles; other
branches, 12 miles; leased—Unionville, N. Y., to Middletown, N. Y., 14m.;
Penn. RR. trackage. 3m.; small branches, 6m ; total, 157m.
The New Jersey Midland was sold in foreclosure Feb. 21, 1830, and
the Midland of New Jersey was organized. Tlie New York Susquehanna
A Western was a consolidation in June, 1881, of the Midland of New
Stock common is $13,000,000; preferred
Jersey and other railroads.
(cumulative 6 per cent), $8,000,000. The New Jersey Midland junior
securities were exchangeable into stock of this company on certain
terms, and the exchanges up to Jan. 1, 1887, left $1,844,474 of tho old
stock, income bonds and scrip not yet exchanged.
I11 Dee., 1886, new 5 per ct. bonds were proposed, to exchange for the
first mort. bonds and coupon scrip, and the exchange was generally ac¬
cepted by bondholders, makingtbe debt as above given, thoughsome few
holders are reported to have h Id out. (See annual report V. 4 l, p. 619.)
From Jan. 1 to Aug. 31, 1887 (8 mos.), gross earnings were $8b7,110, against $696,474 in 1836; net, $389,645, against $290.6 L5,
Income account has been
A Hudson was
earnings were
$277,229, against $228,553 in 1885-86; net, $48,757, against $33,645.
In the year ending Sept. 30,1886, gross earnings were $1,492,851;
net, $221,999. In 1886-87 gross, $1,480,564; net. $245,609; surplus
over interest. Ac., $72,816.
See annual report in V. 45, p. 818.
—(V. 44. p. 212, 276, 308, 434, 451,654,713; V. 45, p. 26, 143, 240.
272, 437, 673, 792, 818; V. 46, p. 75.)
the mortgage is suspended. On the
is no right to sue the company or to
pay¬
$2,155,126; rental
45, p. 84,143, 211,
Philadelphia.
583,250
203,893
5 8, 212, 495, 586, 653, 681, 782; V. 45, p. 53, 84, 240, 673,
9.171
$2,001,401; surplus of N. Y. P. A O. after all
ments, $9,876.
In 1886-87, gross, $6,365,127; net,
to N. Y P A O., $2,036,841.
(V. 44, p. 342, 370: V.
as
follows:
1883.
Receipts—
Total gross earnings
Net earnings
Other income
Total
1884.
1885.
$
$
1,092,355
1,129,441
400,065
416,521
474,835
457,286
400,065
416,521
474,835
501,309
382,500
411,000
25,000
83,192
*322,095
*327,765
29,500
155,919
25,000
t 92,352
Total disbursements..
439,447
382,500
519 192
Balance
sur. 17,565 df.102,671 sur. 35,388
*
$
1,034,208
Diabuj'semenis—
Interest on bonds
Rentals
Car trust obligations
1886.
$
1,038,656
44,023
513.184
df.
11.875
Half interest only paid on N. Y. Sus. A W. firsts and debentures.
t The car t-usts accrued during the } ear amounted to $117,552,
which payment of $25,200 was deferred.
-(V. 44, p. 22, 149, 308, 619, 752; V. 45, p. 143, 211, 500.)
*
of
New York Texas Ac Mexican.-Line projected from Rosenberg
Junction, Texas, to Brownsville, 350 miles. Completed Rosenberg to
Victoria, 92 miles. Stock, $814,800. There are also $75,500 6s yet
outstanding. In September, 1885, sold to So. Devel. Co. and is oper¬
ated by the So. Pacific Co., which guarantees the 4 per cent bonds.
From Jan. 1 to Nov. 30, in 1887 (11 mos.), gross earn’gs were $154,990,
against $144,785; net, $18,842 against $8,460. In 1886gro.-s arnings
were $158,858; net, $9,006.
(V. 43, p. 133, 163; V. 44, p. 335, 344; V.
p.
45, 4b8.)
INVESTOR’
SUPLEMNT.
(Yol.
SLVI,
tV. »«M***? ’
*•
&
-'CTtl’4WK»<<A, .*
-.o-sJC,•
i
--
Subscribers will confer a great favor
Date
Size, or
Par
of
of
Road. Bonds Value.
.
....
....
1865
1868
1868
1874-5
1876-7
1885
1876
1876
....
....
•
18*78
1869
....
....
1879
1879
1881
1883
1887
1883
1886
1886
1886
1887
1887
1887
1887
1887
500 Ac.
1,000
1,000
1,000
1,000
1,000
1,000
500 Ac.
500 Ac.
100
100 Ac.
100 Ac.
100
100
500 Ac.
1,090
1,000Ac
1,000Ac
1,000
500 Ac.
1,000
1,000
1,000
1,000
Net
earnings'.
P.C. of op. ex. toearn
1883.
1884.
1885.
1886.
503
$
503
510
$
533
$
4^6.231
485,805
$
521,192
458,445
2,181,711
145,260
2,025,087
164,875
2,138,120
174,5f 5
2,560,827
174,998
2,812,776
1,509,574
2,711,154
1,516,858
2,771.120
1,6:9,291
3,252,056
1,960,910
1,303,202
53-7
1,194,296
55-9
1,121,829
60’0
1,291.146
60’29
INCOME ACCOUNT.
Netincome
Disbursements—
Inter, on bonds. Ac..
Dividends
Miscellaneous
Total disbnrsem’ts.
Balance for year
-
1883.
1884.
1885.
1886.
$
$
$
$
1,194,296
1,121,829
1,325,449
1,303,202
$
810.792
525,000
$
953,436
$
1,139,991
55,699
1,335.792
953.436
$
1,184,547
1.195,690
*
9,239
1.193,786
def.32,590 sur.240,860 def. 73,861 sur. 131,603
-(V. 44, p. 22, 149, 212, 309, 335, 401, 434, 458, 4S2, 493, 496 536,
654, 751; V. 45. p. 113, 178. 541 014.)
North Carolina.—Owns from Goldsboro to Charlotte, N. C., 223 m.
The property was leased Sept. 11, 1871, to the Richmond & Danville
Railroad for 30 years at a rental of $260,000 pet year. Dividends of 6
per cent are paid on the stoek, of which the State of North Carolina holds
$3,000,000, and the dividends thus received by the State are applied to
her bonds issued to the North Carolina RR. Rental, Ac., in 1885-86,
$273,729 ; expenses, $24,322; balance, $249,407. Rental, etc., in ’86-7,
$274,849; expenses, $24,660; balance, $250,189; div’s paid, $238,698.
North Pacific Coast.—Owns from Saucelito to Moscow Mills, Cal.,
73 miles
branch to San Rafael, 2 miles; leased, San Rafael to San
Quentin, 4 miles; and Duncan’s Mills to Ingram, 7 miles; total oper
ated, 86 miles. Stock, $2,500,000. Earnings in 1885, $289,557; net,
$54,998.
Pennsylvania.—Owns from Philadelphia, Pa., to Bethhbranches—Jenkint’n to Dela. River, 20 miles; Lamdale to Doylestown, 10 miles; Iron Hill to Shimersviile, 2 miles; total
operated, 88 miles. The Northeast Penn, and the Stony Creek roads arioperated under contrac In May, 1879, was leased for 990 years to Phil.
A Reading at 6-2)7 p. e. on stock till t.1883, and 8 per cent thereafter.
Northeastern (S. C.)—Owns from Charleston. S. C., to Florenct •
9. C., 102 miles. Leased jointly, Lane, S. C., to Sumter. S.C.. 38 mile^
Total operated, 140 miles. This company has earned the interest on its
bonds, with a good surplus. In Nov., 1882, the above consol, mortgage
was authorized, of which $1,142,000 to he held to retire debts of prim
North
hem, Pa., 56 miles;
A J.
aaa
Bonds—Prince -
6
46,173,000
6
6
6
6
6
6
6
6
c
1,451,000!
400,000
600,000
250.000
pal,When Due.
g.
g.
g.
Stocks—Last
Dividend.
Payable, and by
Whom.
or Leban’n
Baltimore A Philadel.
Annapolis.
Nov. 1. 1887
Jan. 16,1888
Irredeemable.
A O. Baltimore A Philadel.
A J. Baltimore, Treas. Otlico.
A O.
do
London A Baltimore.
A J.
A J. Baltimore, Treas. Office.
A O.
do
A J
Baltimore.
do
A J.
N. Y. A Baltimore.
A J.
A N. N.Y., London A Balt’re.
New York Office.
A J.
J. A J. J. City, Hudson Co. B’k.
M. A S.
do
do
A.
J.
A.
J.
J.
A.
J.
J.
J.
M.
J.
....
....
2.107,500
2,700,000
20,000.000
8,()()0,000
1,600.000
963,090
1,168,000
1,650,000
Where
Q.-J.
g.
49,00o,000
3.000.000
$4,000,000 pref. stock were referred to in V. 44, p. 654. Abstract of
mortgage (Filelity Ins. Trust A Safe D. Co. of Phila. Trustee.) in V. 45,
p. 541.
From Jan. 1 to Nov. 30. in 1287 (11 mos.) gross earnings were $3,818,366, against $2,984,721 in 1886 ; net, $1,588,955, against $1,200,136.
The range of stock prices since 1882 have been as follows : In 1883,
10@18; in 1884, 10^ 12^2; in 1885, 8@137e; in 1886, 8@273j; in 18*7,
13,3>2338; in 1888, to Jan. 20, irelusive. 15*hd>17. Preferred—In 1883,
32^4938; in 1884. 177M2 ; in 1885, 14®34k>; in 1886. 25®59%: in
1887, 3412'2>5578; in 188^, to Jan. 20, inclusive. 425s^l51«.
The annual report for 1886 was published in the Chronicle, V. 44,
pp. 493, 496. The earnings and expenses for four years were:
Total gross earn’s.
Operating expenses.
41sg.
1,000
general
Freight
1,220,000
516,000
branches—Petersb’gto Citv Point,
When
Payable
J.
5
2,785,000
5
1,000,000
6
900,000
6 g.
600,000
1,000,000
(?)
6
138,000
7
200,000
37,786,199 lli10cert
1,000
1,000
folk & Petersburg, South Side and the Virginia & Tennessee roads, in all
of which the State of Virginia had an interest for loans made to them.
Default on the Atlantic Mississippi A Ohio consolidated nonds was made
October 1,1873, and the road was sold in foreclosure Feb. 10, 1881,
and was reorganized as the Norfolk & Western. Of the
mort¬
gage, enough is reserved to. take up prior liens.
In May, 1887, the negotiations for sale of $2,500,000 bonds on the
Clinch Valley Division (connecting with Louisville & Nashville) and
Mail, express, Ac
2,000,000
1,000
Va., 10 miles; Junction to Saltville, Va.. 10 miles; New River Division,
75 miles; branches to mines, 22 miles; Cripple Creek extension. 29
miles; total operated Dec. 31,1887, 554 miles; under construction,
Clinch Valley Extension, 115 miles: brandies to mine, 11 mi'os.
The Atlantic Mississippi & Ohio RR. Co. was a consolidation of Nor¬
Passenger
83
:
-
Bost..Conc’d
3
4
6
6
6
6
6
6
$•,030,692
7,150,000
1,500,000
1,126,000
2.599,000
1,000
Niagara Bridge Sc Canandaigua.—Owns from Canandaigua to
Suspension Bridge, N. Y., and branch, 100 miles. The road is leased in
etuity to the New York Central A Hudson at $00,000 per annum,
right of lessee to commute by payment of a gross sum of $1,000,000.
Norfolk. Southern.—Formerly the Elizabeth City & Norfolk. Name
changed Feb. 1, 1883. Owns from Norfolk, Va., to Edenton, N. C., 73
miles. Capital stock, $1,000,000. The holders of 1st mort and deben¬
ture bonds funded their interest for five years, Sept, and Oct., 1884, to
March and April, 1889, respectively.
Gross earnings in 1885, $206,310: net. $71,165; surplus over all payments, $6,953. Gross in 1886,
$210,200; net, $66,002; surplus over all payments, $11,038.
Norfolk Sc Western .—(See Map)—Owns from Norfolk, Va..to Pe
tersburg, Va., 81 miles: Petersburg Va.. to Lynchburg, Va. 123 miles,
Earnings—
—
Rate per
Cent.
205,000
2,306.000
1.000
1883
....
Lynchburg, Va., to Bristol, 204 miles;
Outstanding
50
....
«...
•
Amount
$100
83
Northern. N. JET.—Stock
323
Northern Central— Stock
13S
1st mortgage, State (Maryland) loan—I
138
2d mortgage, coupon
13S
Consolidated mortgage, gold, coupon
138
Consolidated mortgage, gold, registered
138
Consol, gen. mort., gold, s. f., coup., £ or $ A A B
do
do
gold, coup. $CAD
do
do
gold, coup., E
138
2d general mort., “A.” coupon (sinking fund)
138
do
do
“ B.” coupon
Union RR., 1st mortgage (assumed*
do
2d mortgage (assumed)
26
Northern of New Jersey—Stock
21
1st mortgage, extended
21
2d mortgage
Northern Pacific—Fret. stock(8 p. c., not cum’tive). 2,807
2,807
Common stock
205
1st M. and Id. gr., Missouri Div., red. at par..c*Ar
225
1st M. and Id. gr., P. d’Or. Div., red. at par. c *«fcr
Cons. 1stM. Id. gr.,g., $25,000p.m., dr. atllO.cWr 2,134
All
do
2d m., gold, land grant
c\fcr
All
3d mort., sink, fund gold (for $12,000,000) ,.c*<fcr
Dividend certificates
64
Jas. Riv. Val. KR. 1st M.. gold, guar., s. f
c*
73
Spokane A Palouse, 1st M., gold, guar., s. f
c*
Duluth A Manitoba, 1st M , gold, guar., s. f
c* 110
97
Dakota ex., 1st M.,g., guar., s.f.
do
do
16
Helena & Red Mountain, 1st M., gd., guar., s. f..c*
30
Helena Boul. Val. & Putte, 1st M., gd.. gu., s. f.c*
Drummond & Philipshurg, 1st M„ gd., gn., s. f.c* 25-5
Helena A Northern, 1st M.. gold, guar., s. f— c* 12*2
Northern. Pac. Ter.Co.— 1st M.. g. ($5.000.000» cp..
operated
—
by giving immediate notice of any error discovered in these Tables.
Miles
explanation of column headings, Ac., see notes
on first page of tables.
Miles
-
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
BONDS
AND
STOCKS
■
RAILROAD
January, 1888. |
April l, 1900
July 1, 1900
July 1, 1900
July 1,
1904
July 1, 1904
April 1, 1925
Jan.
Jan.
Jan.
1, 1926
1. 1926
1, 1895
May 1, 1900
(?)
July. 1888
March. 1889
Jan. 15, 1883
Dec. 1, 1933
N. N. Y., Mills Building.
May 1, 1919
do
do
8.
Sept. 1, 1919
do
do
Jan. 1, 1921
J.
do
do
Dee. 1, 1933
O
do
do
Dee. 1, 1937
D.
do
do
1907
J.
do
do
Jan. 1, 1936
A J.
do
A N.
do
May 1, 1936
do
do
June 1, 1936
A I.
do
do
June 1, 1937
A D.
do
do
March 1, 1937
A S.
do
do
A N.
May 1, 1937
June 1, 1937
do
do
A I>.
do
do
June 1, 1937
A D.
Jan. 1. 1933
<v J. N.Y.. Winslow, L A Co.
M. A
M. A
J. A
A. A
J. A
J. A
6
g.
g.
g.
g.
J.
M.
g.
J.
gg.
J.
M.
6 g.
5 g.
M.
J.
5 g.
J.
6
J.
tr.
In the year ending Sept. 30, 1887, gross earnings were $554,253;
net, $151,186; adding other receipts, surplus ov. r interest and divi¬
dend (3 per cent) was $24,439; in 1885-86, gross. $558,633; net, $121, •
765.
(V. 43, p. 717; V. 45, p. 401, 768.)
Northern (California).—Owns from West Oakland to Martinez, 31
miles; Benicia to Suisun, 16 miles; Woodland to Tehama, 101 miles;
leased, San Pablo & Tulare RR.—Martinez to Tracy City, 47 miles;
total operated, 195 miles. Leased to the Central Pacific till Jan. 1,
1907, at a rental of $40,000 per month and guar, of principal and in¬
terest of bonds for Northern; and San Pablo A T. leased till 1908 for
$13,800 per month and guar, of prine. and tut. of bonds. Moderate
dividends have bt-en paid. The Northern stock is $6,190,500, and San
P. AT. stoek $1,861,000.
Gross earnings in 1836 were $2,762,750;
ret, $1,699,059.
W. V. Huntington, President. San Francisco.
Northern, New Hampshire.—Owns from Concord, N. H., to Wes
Lebanon, N. H., 70 miles; branch, Franklin, N. H.. to Bristol, N. H., 13
miles; total, 83 miles. Operated by Boston A Maine under an agree¬
lien.
ment
rental
for o
a1 d
ie year from Nov. 1,
887. In
interest account was $210,275;
1886-7. net income from
dividends of Oper cent,
The only liabilities are a guaranty of $500,000 Concord &
Railroad bonds, of which the Northern RR. owns $200,500.
-(V. 43, p. 184; V. 44, p. 370, 544, 712; V. 45, p. 26. 612, 673.)
$179,838.
Claremont
Northern Central.—Owns from Baltimore. Md., to Sunbury, Pa.,
139 miles; branch—Relay to Green Spring. 9 miles; leased—ShamoWn
Volley A Fcttsville RR., 28 miles; Elmira A Williamsport Railroad, 78
miles; operated ai cost—Chemung Railroad, 22 miles; Elmira Jefferson
A Canandaigua RR., 47 miles—315 miles; track of
Western used 7 miles; total operated, 323 miles.
tion or several roads in Deo., 1854.
The terms
he found under the names of the leased roads.
New York Lake Erie A
This was
a
consolida¬
of the several leases will
In February, 1882, pur¬
the stock of Union Railroad in Baltimore. $600,000,
practically making that road a part of the Northern Central property,
subject to its mortgages. The consolidated general mortgage (gold) of
1874 was for $10,000,000 to retire all prior bonds. Of the above bonds
$2,366,000 are sterling or dollar, interest payable in London or Balti¬
more, and the balance are dollar bonds, interest in Baltimore.
Ten per cent in stoek, in addition to tne regular dividend, was paid to
stockholders July 15, 1887.
From Jan. 1 to Dec. 30 in 1887 (12 mos.) gross earnings were $6,212,926, against $5,474,617 in 1886; net, $1,870,717. against $1,931,949.
The business of the company depends to a considerable extent on
coal traffic.
The fiscal year ends December 31. and the report for
1886 was in the Chronicle. V. 44, p. 273.
Income account for four years was as follows:
chased at par
INCOME ACCOUNT.
1884.
1883.
Receipts—
Gross earnings
Net earnings
Other receipts
Total income
Disbursements—
$
$
6,088,130
2,256,525
246,843
5,521,876
2,053,482
_
263,829
2,503,368
$
557,313
881,180
2,317,311
$
520,000
520,000
18«5.
$
£,490.923
2,235,309
254.070
$
46.511
Tot. disbursements.
41,130
l,99u,623
1,963,zoo
1,947,loo
Balance, surplus...
503,745
354,025
Interest on debt t
Dividends (8 perct.).
Miscellaneous
Includes rent of roads
461,761
935,014
and interest on equip,
$
5,474,617
1,931,949
277,348
2,42,209,297
412,203
931,272
520,000
53.690
Rentals l’s’d lines. Ac*
1886.
542,214
$
446 997
903,041
520,000
44,775
1,914,813
294,484
t Includes car trusts.
-(V. 44 p. 83, 149, 273, 276, 401,782.)
Northern of New Jersey.—Owns from Bergen. N.
kill, N. Y , 21 miles; leased 8parkill to Nyack, 5 miles;
ated, 26 miles. This road was opened October 1, 1859.
J., to Spar-
total oper¬
By contract
of April, 1869, it is operated by New York Lake Erie A Western at 35ner
cent of its gross earnings. It is understood the contract is terminable
by either party on notice. Dividends are paid as earned on the rental.
R nt;d received in 1886-87 wa>» $102,' 66.
Gross receipts In 1885-6
$322,216; net, after payment of charges, sinking fund and dividends,
$262. Gross in IBS-", $317,458 surplus over interest, dividends, Ac..
$12,303.
(V 44. p 118.)
Northern Pacific.—(See Map.)—Line of Road—On June 30. 1887,
the mileage was made up as follows : Main line—Ashland, Wis., to Wallula Junction, Oregon, 1,739 miles; Duluth to Northern Pacific Junction,
24 miles; Portland to Tacoma, 143 miles; South Prairie branch, 10
miles; Paseo to east portal of tunnel, 174 miles; Tacoma to
west
portal «f tunnel, 78 miles; Switchback o‘,er Cascade Mountains, 7
miles: Payallup Junction to 8tuck Junction, 7 miles; Duluth to Supe¬
rior, 7 miles; Spokane Falls A Idaho RR . 14 miles; owned, 2,202
miles. Leased and controlled—Brainerd. to St. Paul and branches, 147
miles; St. Paul to Minneapobs and branches 16 miles: Little Falls A Da¬
kota RR., 88 miles; Nor. Pac. Fergus A Black Hills RR., 117 miles; Fargo
A Southwestern RR., 87 miles; San. Coop. A Turtle Mount. RR.. 37 miles;
Jamestown A Northern RR., lo3 miles; Rocky Mount RR. of Montana,
52 miles; Helena A Jefferson Co. RR., 20 miles; James River Valley RR.,
Jamestown, Dak., to Oakes (jnne. Chic. A N. W.), 64 nrles; Spokane A
Palouse RR., Marshall, Wash. Trr., ’o Belmont, 44 miles; Helena A
Rfd Mountain RR. Helena to
Rimini, Mon., 16 miles; Duluth A Want-
INVESTOK’
SUPLEMNT.
[Vol.
xlvi.
RAILROAD
January, 1888. J
Subscribers will confer
a
explanation of column headings, Ac.,
on first page of tables.
Northwestern Ohio—Stock
Norwich 6k Worcester—Stock, 8 %
see notes
Miles
Date
of
of
Road. Bonds
79
66
66
130
...
rental,N.Y.A N.E
Bonds, coupon
Ogdensburg dk Lake Champlain—Stock, common
Sinking fund bonds
Mortgage oonds (redeemable July, 1390)
Consolidated mortgage (for $3,500,000)
Income bonds, not cumulative.
Ohio dk Mississippi—Stock, common
m
_
118
118
624
393
393
393
222
103
103
209
132
Bonds (not mortgage) coupon and registered
do
Bonds
do
do
Bonds
do
do
do
do
do
Bonds
do
do
Bonds
do
do
do
Boids
do
Bonds for Framingham A Lowell bonds
Bonds of 1884
Post. Clin. A Fitcbb. mort. bonds 1869-70
Outstanding
4
1,000
$2,000,000
2,604,400
400.000
100
3,077,000
1,000
1,000
380,000
600,000
2,529,650
999,750
Value.
1877
....
1870
1877
1880
1880
500 Ac.
100 Ac.
100
100
1883
1868
1868
1871
1874
1886
1886
1886
1887
1881
4,030.000
3%
£200
112,000
3,715,000
5
7
6 g.
7
7
6
5
1,000
1,000
1,000
1881
1,000
r
100
....
1874
1,000
1875
1,000
1876
1,000
1,000
1877
1882
1,000
1886
1,000
1888
1
1884
1,000
j 1884
1,000
43 ’69-’70i 500 Ac.
■
c
c
A Navigation Co.’s property. See V. 45, p. 539.
Bonds.—The preferred stock has a preference for 8 percent
in each year if earned, but is not cumulative. The common stock then
takes 8 per cent, and after that both share alike. The pref. stock claim on
net income is subject to expenditures for new equipment.
Pref. stock is
received in payment for company’s lands east of Missouri River at par,
and the proceeds of the lands sold go to the retirement of preferred stock.
Of the stock $6,233,009 pref. and $14,075,100 of
<om. in Oct.,
1887,) was held by the “Ore. & Trans-Con. Co.” (See V. 45, p. 539 )
In Jan., 1883, a dividend in certificates of llijo per cent, amounting
to $4,667,490. was paid on the pref. stock, these certificates falling due
Jan., 1888; but in June. 1887. the company offered to fund these into a
5-20 6 per cent debenture bond, due 1892-1907.
Prices of preferred stock since’79 have been: Tn‘80. 393s@6712: in
’81, 64%«88% in ’82, 66%a> 1003a; in ’83,49%a>90% in ’84, 67%@57%
in ’85, Se^SOS'^siin ’86, 53%®G6%; hi ’87, 4l’%®63%; in’88, to Jan
20, Inel., 4514®477g. Common stock: In ’80, 20@36; in ’81, 32%®51; in
82, 28%3>54% in ’83, 23i8®53% in 84. I4a>27; in ’85, 15@31%; in
’86. 22 2)31*%; in ‘87, 20®34% in 88, to Jan. 20. incl 2178®23.
The consol, first mortgage bonds are a first lien on the main line; and
on all the lauds of the company except those subject to the two divisional
mortgages and those lands east of the Missouri River which are subject to
the preferred stock. The issue of bonds is limited to $25,000 per mile
The proceeds of land sales can be applied to the payment of interest on
the Oregon Railway
Stocks and
,
bonds, instead of principal, if the earnings of the road
are
insufficient.
Central Trust Co. of N. Y. is trustee. The bonds are received in pay¬
ment for lands at 110 and interest, and proceeds of land sold must be
applied to redemption of these bonds at a price not exceeding 110 and
interest. Sinking fund of one per cent per annum of the total amount
of bonds issued. began in 1886 and the bonds may be drawn at 110,
After 1888 a similar sinking fund begins for the 2d mortgage bonds.
The 3d mortgage for $12,000,000 was authorized Nov.. 1$87; (see V
45, p. 614) and an accumulating sick, fund begins iu 1894 equal ro 1 %
of entire issue yearly for purchase of bonds at ’05 p. c., or for their re¬
demption at maturity. The total issue of the Mo. Div. (Bismarck on Mo.
Riv. to Yellowstone Riv. 205 miles) and Pend d’Oreille Division (June
tion of Snake and Columbia rivers to Luke Pend d’Oteille 225 miles)
bonds was $6,480,300, against which are reserved a like amount of
the Northern Pacific first mortgage bonds; the proceeds of land sales
applied to redemption of the.-e divisional bonds at par.
James River Valley bonds are issued at $15,000
Spokane A Palouse RR. bonds are issued at $16,000
are
The
per
per
mile;
mile;
Duluth & Manitoba bonds (trustees of mortg., Farmers’ L. A T. Co.; see
abstiact, V. 45, p 2/3), a»e issued at $15,000 per mile; Helena & Red
Mt., Helena Boulder Valley A Butte, Drummond A Plulipsburg and
Heleua A Nor. 1st mort.bonds are issued at $.0,000 per mile; all the
foregoing roads are leased to No. Pacific at fixed rentals, providing for
sinking funds beginning
ten
after the date of issue respectively with which the bonds are to
be drawn for redemption at 105.
Other reads leased .and guaranteed sufficient earnings to pay interest,
are named under Oregon Trans continental.
Lands.—The land grant of the company was 12,800 acres per mile in
States and 25,600 acres per mile iu territories, and the lands earned by
construction to June 30, 1887, were estimated to be about 46,758.400
acres, of which
The lands
about 40,618,921 remained unsold.
east of Bismarck (Minn, and Dak. Divs.) are pledged to the pre¬
ferred stock, and that stock is received in pa}Tneut therefor. The
general mortgage bonds cover all the other lands, the divisional mortyears
886-71and
prior liens310,355
on their respective
divisions. including
fages
havingsales
ror $1,052,796,
For the fiscal
town year
lots.
mires
Whom.
5 g.
5
tv
6
6
5 g.
3%
7
6
6
6
500,000
1,100,000
2,000,000
200.000
56,000
4%
5
4
5<'O,000
498,000
4%
750,000
4
7
491.500
Operating
expenses
1884-85.
Miles oper’d June 30
Namings—
Passenver
Freight
2,668
$
3,075,882
7,446,266
1885-86.
1886 87.
2,808
$
3,093
.
2,^97,218
8,189,614
Stocks—Last
Dividend.
J Boston, 2d National Bk. Jan. 5, 1888
A S. Boston, N. E. Trust Co. March 1, 1897
A J
Boston, Office.
July 10, 1876
A S.
do
Mar., 1890
A J.
do
1897
A 0.
do
April 1, 1920
A O
do
April, 1920
M.
J.
J.
J.
S. N. Y., Union Trust Co.
Mar. 1, 1876
D.
do
do
June 1, 1932
J.
do
do
Jan. 1, 1898
J.
London.
Jan. 1. 1894
O
N. Y. Union Trust Co.
April, 1911
N.
do
do
Nov. 1, 1905
N
J.
Y., Merea’le Trust Co. July 1, 1936
O. First coup due Apr . ’89 Apiil 1, 1926
D. N. Y. Ceuiral Trust Co. June 1, 1936
O.
do
do
April 1, 1937
I). N.Y., Corbin Bank’gCo. June 1, 1921
I).
do
Juno 1, 1921
J.
N. Y., Central Tr. Co.
July 1, 1926
J.
Jan. 1, ISt-8
Boston, Office.
S.
do
March 1, 1?H4
I).
do
June 1. 1895
8.
do
Sept. 1, 1896
A.
do
Aug. 1. 1897
J.
do
‘-Dec. 1, 1897
do
O
April 1, 1891
J.
do
Jan. 1, 1938
O.
do
April 1. 1904
J.
do
July 1. 1904
do
J.
1*49 A ’90
A
A
A
A
A
A. A
M. A
J. A
A. A
J. A
A. A
J. A
J. A
J. A
J. A
M. A
J. A
M. A
F. A
J. A
A. A
J. A
A.
J. A
J. A
1884-85.
aud taxes.
Net earnings
Per ct. of oper. exp. to earns
1885-86.
1886-87.
$
712,001
643,695
789,197
11,234,149
6,196,301
11,730,527
12.789,447
6,156,264
7,173,020
5,037,848
5,574,263
5,616,427
55-16.
..
52-48.
56 00
INCOME ACCOUNT.
Net
earnings
Adjustm’t of acc’ts A int. bal..
Dividends on investments
General interest account
Total.
Disbursemen ts—
Interest on funded debt
Rentals
Guarantee to branch roads
1884-85.
$
1885-86.
$
5,037,848
24,553
117,359
21,310
5,574,263
$
5,616,427
19,938
243,319
52,578
374,549
86,879
5,231,070
5,890,098
6,090,793
4,123,949
4,339,094
670,748
4,456,536
581,144
352,151
Contributions to sinkingfnnd..
Miscellaneous
50.376
27,341
673,650
55,633
39,774
1836-87
12,938
752,757
696,650
112,698
6,445
Total
5,139,111
5,778,899
6,025,036
111.199
91,959
65,707
Balance, surplus
(V. 44, p. 60, 90. 149, 162,185,212. 309. 434, 540, 551, 701. 713,
752, 782, 808 : V. 45, p. 26. 55, 166, 192, 203, 211, 264, 272, 273, 341,
368.369,370.373,401,437,438, 472, 509, 539, 572,614,643,688,
705, 820; V. 46, p. 38.)
Northern Pacific Terminal Co.—This company owns terminal
facilities on the Willamette River, Oregon, at Portland, East Portland
and Albina. They are leased for fifty years, jointly and severally, to
the Northern Pacific RR.. the Oregon Railway A Navigation Co. aud the
Oregon A California RR., with
a
interest, sinking fund and taxes.
guaranteed rental sufficient to pay
The sinking fund begins in 1893 and
is to be sufficient to retire the bonds by maturity, which bonds may be
drawn at 110 and interest. The stock of $3,000,000 is owned by said
three companies (40 per cent by Ore. Railway A Navigation Co., 40 per
cent by Northern Pacific and 20 per cent by Oregon A California RR.),
and held by Central Trust Co. of New York, to be delivered after pay¬
ments to the sinking fund wliich is to cancel the bonds.
Northwestern Ohio.—Owns from Toledo Junction to Toledo, O.,
80 miles, and leases 7 miles, from Mansfield to Toledo Junction. This
was a consolidation of the Toledo Tiffin A Eastern, the Mansfield Coldwater A Lake Michigan and the Toledo A Woodville roads.
Leased to
Pennsylvania Company at cost of operating. In 1886 gross earnings
$295,942; net, $72,469. In 1885 gross earnings, $269,510; net, $75,067.
Ogdensburg Sc Lame Champlain.—Owns from Rouse’s Point,
N. Y.,' to Ogdeusburg, N. Y_., and brauch to Maquam, Vt., 130 miles.
On June 1, 1886, a perpetual lease of this road was made to the Central
Vermont RR. Co., the lessee to pay interest on the bonds.
Gross earnings 1885-6. $562,772; net. $223.415; anrp. over int. charge,
$12,362. In 1886-7. gross earnings $683,213; net, $229,200; deficit
under charges, $27,363. (V. 44, p. 212, 714, 808; V. 45, p. 272, 564, 88.)
Ohio Sc Mississippi.—i<S’e« Alap of Baltimore, dk Ohio.)-Owns from
Cincinnati, Ohio, to East 8t, Louis, Ill.. 338 miles; Louisville branch,
North Vernon to Jeffersonville, Ind., 53 miles; total Ohio A Miss, line,
391 miles; the Springfield Division, Beardstown to Shawneetown, Ill.,
225 miles; total operated, 616 miles. The Eastern and Western divis¬
ions were sold in foreclosure and the Ohio A Mississippi Co. formed by
consolidation Nov. 21, 1867. The terms of preference in the preferred
stock certificat*
s
read
as
follows
:
“The
preferred stock is to be and remain a first claim upon the pro¬
perty of the corporation, afrer its indebtedness, and the holder thereof
shall be entitled to receive from the net comings of the company 7 per
cent per annum, payable semi-annually, ami to have suoh interest paid
iu full for each and every year before any pavment of dividend upon
the common stock; and wdienever the net earnings”
*
*
>
*
shall be more than sufficient to poy both s «i«i interest of 7 per cent on
the preferred stock in full, and 7 per cent dividend upon the common
stock for tlie year in which ssid net earnings are so applied,” then the
excess shall be divided equally, Ac.
Range of stock prices since 1882 has been sis follows: Common—in
’83, 21®36%; in ’84, I4%a>25% in ’85, 10%* N»8 in’86, 193b® 35%
“
in ’87, 21 *32%; in
’88, to Jan. 20, incl.. 23*24% Pref.—in’83, 96®
119%; in’84. 45^90; in’85. 71®78; in ’86,79*91; in’87, 75®93.
Fiscal year ends June 30; report for 1886-87 in V. 45, p. 671.
INCOME ACCOUNT.
From
July 1 to Nov. 3r>, in 1887 (5 mos.), gross earnings were $7,225,393, against $6,442,6 9 in 1886; net, $3,658,589, against $3,586,418.
Fiscal year ends June 30. Report for 1886-87 was in V. 45, p. 192,
368, 370.
pal,When Due
J.
M.
J.
M.
J.
A.
A.
Mail, express, Ac
foreclosed August 12, 1875, and reorganized by
ot
Where Payable, aud by
$
the bondholders’ committee Sept. 29, 1875.
New preferred stock was
issued at the rate of $1,400 for each $1,000 bond and overdue interest.
The company leases a number of branch roads named below, and
fuarantees
sufficient
payjointly
their mortgage
a rental agreed
In Oct..
887, this company
to atolease
with the interest.
Union Pacific
Botuls—Princl
Payable
*
Organization.—This company was chartered by act of Congress July
2, 1864, to build from Lake Superior to Puget Sound and Portland, Or.
The land grant was 20 sections per mile in States and 40 sections in
Territories. The road was opened 450 miles west from Duluth—to Bis¬
marck, on the Missouri River—in 1873. Theeompany de&fialted Jan.,
were
517,000
2,000,000
1,030,000
2,100,000
2,100,000
1.500,000
11,364,600
1,692,000
....
Drum. A Philipsburg RR., Drummond, Mon., to PhilipRburg, 26 m.,
and the Hel. A Nor. RR.. from near Birdseye rtaiion, Mon., to near
Marysville, 12% m.; Duluth A Manitoba, Dakota extension, Grand
Forks to near Pembina, Dak., 97 in.
the inter/st of the bonds and furnishing
950,e 00
1,000
1S86
e
2,009,000
1,000
1,000
oba RR.. (Winnipeg June., Minn , to East Gd. Fork. 110 miles; total
leased and controlled June 30, ’87, HOI miles; total owned, leased and eontrolled, 3,103 miles. Thompson Juno., Minn., to Duluth, is owned jointly
with the St. Paul & Duluth. There have since been acquired the 11**1.
Boul. Yal. & Butte RR., Jefferson City, southwestwardly, 30 m. The
,
S3
When
20,063,670
3,216,000
6,501,000
132
•
6
2
8
6
6
3 A 6
1,000
1,000
100
476
•
Amount
Rate per
Cent.
1,000
1,000
•
Bonds
or
Par
100
616
1st general mortgage (for $16,000,000)
c’
1st consolidated mort. ($3,445,000 are s. f.)
Consolidated mortgage, sterling, s. f
2d cons. sink. fund, mort
Spring. Div. (Sp.AIll. S.E.) 1st M. (for $3,000,000)
Ohio dk Northwestern—1st mort., $12,000 per mile..
2d moit., $7,000 per mile
Ohio River— 1st mort., gold ($12,600 per mile
c*
General mort., gold (for $3,000.000)
e*
Ohio Southern—1st mort. ($15,000 per mile)
2d mort.,income ($15,000 per mile)
i...
Ohio Talley; Ky.—1st mortg., guld ($15,000 p. in.).
Old Colony—8tock
was
RONDS
INTEREST OR DIVIDENDS.
Size,
$....
Preferred stock (7 p. c. yearly, cumulative)
1874, and the road
AND
great favor by giving immediate notice of any error discovered in tbese Tables.
DESCRIPTION
For
STOCKS
1884-85.
Total gross earnings
Net earnings
.
Disb * tv
Interest on debt
Sinking fund
..
1885-86.
1836-87.
$3,645,467
$974,731
$’,071,920
$1,074,212
$3,988,433
$1,337,953
$1,024,900
49,000
$1,026,415
53,000
$1,024,710
57,000
$1,079 115
$1,081,710
$
3,269,703
8,730,547
Total
Balance
$1,073,900
def. $99,169
def.$5,203sur.$25t>,23T
INVESTOR’
SUPLEMNT.
•
'
[Vot,
xlvi.
Subscribers will confer a great
favor by giving Immediate notice
[Vol. XLVI.
of any error discovered In tbese Tables.
Bonds—Prrnci -
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
SUPPLEMENT.
INVESTORS’
S8
explanation of column headings, &c., see notes
on first page of tables.
Date
Miles
Size, or
Par
of
of
Road. Bonds Value.
Amount
Outstanding
Rate per
Cent.
When
Where
pal,When Due.
Payable, and by
Whom.
Payable
Stocks—Last
Dividend.
-
Old Colony—(Continued)—
Boat. Clin.A Fitehb., mortgage bonds
Bost. Clin. F. & N. B. mort. bonds
Omaha dk St. Louis—1st M., gold
c
c
c*
Orange Belt—1st mort., gold, $5,000 per mile
etregon dk California—1st M., gold ($30,0'i>0 p.m.)c*
Oregon Pacific—1st mort., land grant, gold
Oregon PaiCway dk Navigation— Stock
Mort. ^onds, gold, sink. fd. (drawn at 100)
c
Consol, mortgage, gold, $25,000 per mile
c&r
OreaonShortL.—lst,gld.,int.gu.bylT.P.($25,000p.mj
Oregondk Trans-Continental^-^t’ck(for $50,000,000)
Trust bonds, gold (IstM. collateral) $20,000 p.m..
Oswego dk Rome—1st mortgage guaranteed
Income mortgage bonds
Onnyfirtililfl bonds
58
120
144
150
475
Paterson <6 Hud- Stk., 8 p.c. perp.
•
....
....
497
28^
$1,000
$400,000
1,000
1,000
1,000
1,000
1,912,000
1.000
100
•
•
749
610
1,000
1,000
1,000
100
1882
1865
1866
1866
1,000
1,000
1,000
mm
m
....
123
84
48
48
48
1876
1883
1881
1883
1867
1880
700,000
10,845,000
25,000 p.m.
24,000,000
5.547,000
9,618,000
14,931,000
40,000,000
10:063,000
350,000
152,000
107,000
2,320,400
1,000
438,000
....
1,000
5,000
100
£200
1,000
7
5
4 g.
5 g.
5 g6 g.
2,717,000
50
35
m
Sinking fund subsidy, gold
Paris dk Decatur-See Teire Haute <fe Peoria
•
1879
1885
1882
....
D. L. & W.
Construction M., guar. prin. & int. (for$l ,000,000)
Owensboro dk Nashville— 1st mortgage, gold
Collateral trust (4u0,000.)
Panama—Stock
General mortgage, sterling, (£697,800)
1887
1887
1887
1880
749
....
Oswego dk Syracuse—Stock, 9 p. ct. guar.,
Consol, mortgage (guar. D. L. <fc W.)
1874
1880
1*2
6 g.
5 g.
6
J. &
J. &
J. &
J. &
J. &
A. &
D.
J.
J
J.
J.
O;
J
J. & J.
J. & D.
F. & A.
•
Boston, Office.
Boston, N. E. Trust Co.
New York.
N. Y., Farmers’ L.&T.Co.
N. Y., South. Pacific Co.
New York and London.
New York Office.
do
do
do
do
N. Y. Union Trust Co.
1*2
6 g-
7
7
F. & A. N. Y.,
7
4*2
4
5
6
6
6
7
6
668.000
2,000,000
80,000
7,000,000
3,489,000
2,687,000
M. & N. N.Y.,Farmers’L.& T.Co.
M. & N. N. Y.,Farmers’ L.&T.Co.
g.
g
g.
g.
Central Trust Co-
July 1, 1894
Jan. 1,1910
Jan. 1, 1937
Jan. 1, 1907
July 1, 1927
Oct. 1, 1900
Jan. 2, 1888
July 1, 1909
June 1, 1925
Feb. 1, 1922
Oct. 15, 1883
Nov. 1, 1922
May, 1915
Aug., 1891
2866
F. & A. N. Y., Del., L. & W. RR.
Aug., 1887
1907
do
do
M. & 8.
M. & N.
May, 1923
Nov. 1, 1931
M. & N.
New York.
do
Aug. 1, 1889
F. & A.
Jan. 16, 1888
New York, Office.
’88 to ’89 & ’97
London.
A. & O.
Nov. 1, 1910
New York.
M. & N.
.
-
rent.N. Y. L.E.&W.
Pennsylvania—Stock
- -Gen. M., Ph. to Pitts., coup., J. & J.; reg., A. & O.
State lien (pay’bie in annual inst’lm’ts of $460,000)
Consol. M." coup. J.& D.,& reg. Q.—M. (8. f. Ip. c.)
Consol, mortgage, gold
Bonds, reg. (i^.W.^B. stock deposited as collat’l)
Collateral trust loan, gold, sinking fend
c*
15
98,521,300
•
•
•
1870
1,000
19,999,760
....
....
m
m
m
m
-
1873
1879
1881
1883
1.000
571
....
....
1,000
....
1,000
$16,000,000 was authorized under
which $12,784,000 was reserved
they mature; $2,216,000 used in
paying overdue coupons and all other claims ; and $999,695 expended
for new equipment and terminal facilities; Cyrus C. Hine*, of Ind., and
The new general mortgage for
the plan of reorganization, by
to exchange for old bonds as
Jan. 2, 1888
New York.
Nov. 30, 1887
Philadelphia, Office.
1910
Q.-J. Philadelphia & London.
A. & O.
Annually.
Philadelphia, Office.
Q.-M. Philadelphia & London. June 15, 1905
Dee. 1, 1919
do
do
J. & D.
do
da
July 1, 1921
J. & J.
June 1, 1913
do
do
4^g. J. & D.
4
3
6
5
6
5
4
630,000
50
2,322
•
....
....
1,522,071
27,482,930
4,998,000
8,174.000
9,900,000
J.
&
J.
M. & N.
The pi air of agreement for reorganization was reported in the Chron¬
icle, V. 44, p. 118, 370. The road is leased to the Southern Pacific Com¬
pany from oau. 1, 1888, the lessee guaranteeing interest on the bonds.
The Pacific luipoovement Co. owns the bulk of O. & C. stock by an ex¬
change v ith the holders for Cent. Pac. shares, as per agreement.
Gross earnings in 1886 were $971,792; net $221,194 ; other receipts,
mortgage trustees.
(V. 44, p.
From July 1 to Nov. 30. 1887 (5 mos.) gross earnings were $1,891,122, $16,177; deficit under interest, sinking fund, etc., $368,574.
118, 370, 654.)
against $1,800,193 in 188‘L net,$712,025, agst$645,685.—(V. 43, p. 73,
Oregon Pacific.—Road in progress and 83 miles, from Albany to
162, 275, 368, 459,487. 514. 548; V.44, p. 60,185, 309; V. 45, p. 113.
539. 671; V. 46, p. 76.1
Yaquina, on Yaquiua Bay, completed. Land grant, over 900,000 acres,
and covered by first mortgage. In June, 1887, a syndicate was reported
Ohio Sc Northwestern.—(See.Map.)— Road from Cincinnati, O., to
as having taken the balance of first mort. bonds to complete the road.
Portsmouth, O., 103 miles, and branches 20 miles, and 71 miles more
under construction. The Cin. & Eastern, sold in foreclosure Jan. 5,1887, Stock is $30,000 per mile. T. E. Hogg, President. Corva’lis, Oregon.
N. Y. Office, 45 William Street.
(V. 44, p. 752 ; V. 45, p. 643.)
was purchased ny this company and changed to standard gauge.—V. 44,
Oregon
Railway
Sc
Navigation.—Owns
East Portland, Ore¬
p. 59.
The authorized 1st mortgage bonds are $2,000,000 at $12,000
per mile, and seconds $1,200,000 at $7,uoO per mile. Stock authorized, gon to Wallula, W. T„ 211 miles; Walla Walla to Riparia, 56 miles;
Bolles Junction to Dayton, 13 miles; Pataha June, to Pomeroy, 30
$4,000,000; issued, $2,000,000. (V. 44, p. 421; V. 45, 673.)
Ohio River.—(See Mop.)— Road extends from Wheeling, West Va., miles; Walla Walla to Milton. 13 miles; Pendleton to Centreville, 17
miles; Umatilla to Huntington, 217 miles; total owned, 557 miles.
to Point Pleasant, West Va., 169 miles, and in progress to Huntington,
Leases—Palouse Junction to Colfax, 89 miles; Coif ax to Moscow, 28
West Va., 40 miles. Tin* stock outstanding is $3,290,700. The out¬
standing bonded debt is equal to $16,3i8 per mile, of which $11,834 is miles; Colfax to Farmington, 27 miles; Wallula to Walla Walla, 31
let moit. and $4,924 gem r;:l mort., the annual int. charge in 1887 was miles; Blue Mountain to Milton, Ore., 7 miles; Cascade Railroad, 6
total operated June 30j 1887, 746 miles. Ocean line between San
$151,000. The road was c mpleted to Point Pleasant Jan. 8, 1887, but miles;
and Portland, 670 miles; Puget Sound lines, 275 miles;
was not fully opened for business uutil March 27.1887.
A comparative Francisco
River lines, 363 miles; total of water lines, 1,308 miles.
statement furnished by t lie company of the earnings for 1886 and 1887
Of the consol, bonds $6,000,000 are reserved to take up the old mort.
is as follows
bonds. There is a sinking fund of over $60,000 per year, for the bonds
1886.
1887.
issued in 1879, and if the tiustees cannot buy bonds at 110 they must
Miles operated
94
172
them at par each year. The Farmers’ Loan Ac Trust Co. is trustee
Gross earnings....
$195,463
$371,192 draw
Geo. W. Thompson, President, Parkersb’g, W. Va.
(V. 44, p. 434, 727.) ofInboth mortgages.
March, 1881, a majority of the stock was sold to the Oregon Trans¬
Ohio Southern.—The road will extend from Springfield, Ohio, continental Company, which still held, Get., 1887. some $11,841,300.
In April., 1887, a lease for 99 years from Jan. 1, 1887, to the Oregon
to some point on the Ohio River. Length of road completed and in
operation Dec., 1886, Springfield, Ohio, to Wcllston, with extensions Short Line RR., guaranteed by Union Pacific, was made on the basis
and branches, 148 miles.
Stock (par $100), $3,840,000. Gross earn¬ of 6 per cent pei annum on the O. R. «& N. Co.’s stock, and in Oct., 1887,
ings in 1886, $514.189; net, $174,987; interest paid, $128,979. the Northern Pacific agreed to join the U. P. as lessee. (See terms &c.,
Gross in 1885, $468,558, net, $173,182; interest on debt, $126,377;
V. 45, p. 539.) See abstract of lease, V. 45. p. 539.
From July 1 to Nov.‘30, in 1887 (5 mos.) gross earn’gs were $2,535,499,
eurplus for year, $46,622, Alfred Sully, President.
against $2,610,497 in 1886; net, $1,326,449, agaiuso $1,266,884.
Ohio Valley.—Comp’eted from Henderson, Ky., to Princeton on the
Annual report for the year ending June 30. 1887, was in V. 45. p. 742,
dies. Ohio & Southwestern, 88 miles; Uniontown branch, 6 miles; total, the income account showed net deficit of $67,258 under charges and 6*2
94 miles. P. G. Kelsey, President, Henderson, Ky.
per cent dividends. In 1885-86 t‘iere w as a surplus of $4i ,979 over
Old Colony (Mass.)-Owns from Boston to Provincetown, Mass., c urges and 6^ per cent dividends. (V. 44, p. 60, 91, 141, 204, 212,
120 miles, lines to Kingston, Plymouth, Somerset Junction, New rfed- 276,309,392,434. 466,551,621,752; V. 45, p. 84,211,473,539,614,
ford, Lowell and Fitchburg, Mass., and to Newport, R. I., 249 721, 742; V. 46, p. 76, 102.)
miles, and numerous branches 95 miles in all;" total owned, 464
Oregon Sliort Line.—Road from Granger on the Union Pacific
miles;-leased—Fall River Railroad, 12 miles; total owned and leased, (156 miles east of Ogden) to a junction with the railroad of the Oregon
476 miles.
In March, 1883, consolidation with the Boston Clinton Railway & Navigation Co., at Huntington, Oregon, 541 miles, with Wood
Fitchburg <fc New Bedford was made. In Nov., 1887, a lease of Bos¬ River branch to Ketchum, 70 miles. Total, 610 miles. Interest on the
ton & Providence road was proposed for 99 years. Report for 1886-87 bonds is guaranteed by the Union Pacific. The stock is $1.4,073,600.
was in V. 45, p. 612.
Union Pacific owns a majority of the stock and $2,195,000 bonds. This
Fiscal year ends Sept. 30 :
company', in April, 188 7, leased the Oregon Railway & Nav. Co.’s lines
INCOME ACCOUNT
for 99 years, agreeing to pay the interest on bonds and 6 per cent on
1883-84.
1884-85.
1885-86.
1886-87.
stock; the lease being guaranteed by' Union Pacific.
'Receipts—
$
$
$
$
Gross earnings in 1886, $1,942,107; net, $594,686; taxes, (fee., $87,Gross earnings
4,191,872
4,865,571 310; balance, $507,376. For 1885 gross earnings were $1,833,190; net,
4.251,186
4.528,032
Net earnings
1,296,503
1,281,056
1,302,929
1,332,576 $557,959. (V.43,p. 103, 217, 368,516. 63 s. 774; V.4t,p. 149,185, 309.)
Union Tr. Co., of N. Y., are
Other receipts
Total income
Disbursements—
Rentals paid
Interest on debt
Dividends
Rate of dividend...
Improvem’t account
Total disburse’ts.
WV.45, p. 61», 705.)
68,998
79,334
89,931
95,215
1,365,501
$
l,36u,390
$
1,392,860
$
1,427,791
46,614
556,866
723,989
7
45,594
551,424
738,122
7
$
16,134
32.694
582,534
761,747
7
597,897
788,616
7
38,032
25.250
15,885
25,144
1,365,501
1,360,390
1,392,8oO
1,427,791
Dinaha Sc St. Lon is.—Owns road f i om Council Bluffs, la
,
to Pattons-
Ymrg, Mo., 143 miles. This company was formed in 1887 as successor to the
Omaha Division of the St. Louis K. C. & Nor. (Wabash), sold in foreclosure.
The old mort. bonds took new 4 per cents and pref. and com. stock, as
per V. 44, p. 713.
Pref. 6 per cent stock, non-cumulative, $2,220,500;
com. stock, $2,313,000, deposited in trust for three years.
See ab¬
stract of mortgage, V. 45, p. 213; full statement in V. 44,. p. 812.
Office, 49 Wall Street, N. Y. In 1886-87 gross earnings were $794,931;
met $169,451.
(V. 44, p. 713, 808, 809, 8 L2, Vol. 45, p. 213.)
Orange Belt.—('(Sec Map)—From Monroe, on the Jacksonville TamRoad now in operation to
jpa& K. w. road, to Point Pinellas, 150 m.
Tarpon Springs, 118 miles. The bonds are 5-20s, and may be redeemed
mfter Jan., 1892. Tney are guaranteed by the Orange Belt Investment
Co., and the issue is at the rate of $4,666 per mile. (V. 45 p. 856.)
Oregon Sc California.—From Portland, Or., to Cal. State line, 361
miles; Albany Junction to Lebanon, 12 miles; West 8ide Division, Port¬
land to C >rvallis. 97 miles. Total, 475 miles; completed to a junction
with Central Pacific at the California State line in Dec., 1897. The orig¬
inal Oregon & California was in default after 1873 and reorganized.
The land grant was about 4,000,000 acres, and is covered by the mort-
proceeds of land sales going to redeem bonds drawn at par, unless
purchased lower. Trustee of moitgage, Uniou Trust Co. of N. Y.
gage,
Oregon Sc Trans-Continental.—Company organized under the
Oregon on June 27, 1881, and received from the ‘*Villard Pool”
an assignment of the stock of the North. Pac. Railroad purchased by it.
Theassets in Dec., 1887, included $11.78 .',700 stock of O. R. & Nav. Co.
$6,o03,00l> of N. Pac. pref. and $13,915,100 of N. Pac. common. (See
(V. 45, p. 820.) In Dee., 1885, the company arranged a new loan for
$4,050,000, at 5 per cent, for three yrears, secured by collaterals. The
balance of the unfunded debt, amounting to some $3,573,000, was car¬
laws of
ried
Iu
on
demand and short loans.
August 1887, the company sold $2,000,000 (20,000) shares, as re¬
ported, of O. R. & Nav. stock, and negotiated .also $3,000,000 of the
bonds of that company which it had carried. (See V. 45, p. 305.)
Total authorized capital is $50,000,000. The bonds may be redeemed
at 105; they' tire secured’ by deposit in trust of first mortg. bonds on
new branch railroads, at $20,000 per mile; also secured by traffic con¬
tracts with the Northern Pacific RR. Co. guaranteeing a minimum net
annual income of $1,400 per mile, being equal to 6 per cent per an¬
num on $20,000 per mile of bonded indebtedness, and a sinking fund
charge of one per cent. The roads thus mortgaged are: The No. Paci¬
fic Fergus & Black Hills RR. of Minn., 117 miles. $2,312,000; Little
Falls & Dakota RR., of Minn., 88 m., $1,757,000; Jamestown & North¬
ern RR. of Dakota, 102 m., $2,050,000;
Fargo & Southwestern RR. k
Dakota, 87 m $1,748,000; Sanborn Cooperstown & Turtle Mountain
RR., 37 in., $730,000; Rocky Mountain RR.. Montana, 52 m., $4,034,000; Helena & Jefferson County, 20 m., $102,000; total. 503 miles —
at $20,000 per mile—$10,063,000 in bonds. (V. 44. p. 118 ; V. 45, p. 272
305, 509, 539, 572, 696, 820.)
,
Oswego Sc Rome.—Owns from
Richland, N. Y., to Oswego, N. Y.,
29 miles. Road opened Jan. 1, 1886.
It is leased to the Rome Watertown & Ogdensburg RR. at 8 per cent on its stock ($275,000 com. and
$75,000 pref.) and 7 per cent, on guar, bonds, pref. stock being represeuted by conv. bonds. $'32,100 of bonds due 18 70 are yet outstanding
January, 1888.]
RAILROAD
STOCKS
AND
BONDS.
89
MAP OF Tlli
ORANGE ]
RAILW.
AND ITS CONNEi
INVESTORS’
90
Subscribers will confer a
explanation of column
on
first page
Navy Yard
headings, Ac., see notes
of tables.
ijoth yearly) ..
(extended 20 years in ’81)
(in series payable
bonds reg.
Pennsylvania Company—Stock
Reg. bonds, secured by P. Ft.W.A C. special stock
Bonds, gold, secured by pledge and guarantee—
Pennsylvania & New York—1st mort., guar
1st mortgage,
guaranteed
Schuylkill Volley—Stock
bonds, sinking fund, 1 per cent... .r
Pensacola & Atlantic- 1st m. g, (guar, by L. & N.)..
Peoria <k Bureau Val.—Stk., 8 p. et, reut’i C.R.I.AP.
Pennsylvania
1st mortgage
Peoria Decatur dt Evansville—Stock
1st mort., gold (Pekin to Mattoon)
1st mortgage (Evansv. Div.)
P. D. & E. 2d mortgage, gold
Car Trusts (payable $18,000 per
Date Size, or
Miles
Par
of
of
Road. Bonds Value.
105
105
1421 12
All.
47
254
...e‘
Balt. Central—Stock
(for $2,500,000)
‘20
20
38
38
Westchester A Phila., 1st
mortgage
63
mortg.
r
....c*
•
Philadelphia <& Eric—Stock, common
Preferred stock, special
1st mort., SunburyA E. (extended 20 years in
’77).
2d morteasre
r
....
1883
1881
....
....
1880
1880
1886
....
A R., (sink, fund) —
pref. stock, 3 per cent., lien prior to
1st mort. bonds (payable $25,000 yearly)
Mortgage bonds, class A
Mortgage bonds, class B
-
233
gold, coupon
t Guar.
1st mortgage
....
....
T877
1881
1866
1866
1 H
Petersburg—Stock
Fkiladetimia &
1875
-
3,317
gold (issued for incomes)
Perkiomen—1st mortgage
Consol, mort., gold, guar. P.
.
•
.
1
annum
Peoria d Pekin Union— 1st mortgage,
Second mortgage,
discovered in these Tables.
Bond 8—Prlnci
INTEREST OR DIVIDEND.
JPLnnsi/ltania—(Continued) —
Car Trust certs,
[Vol. XLVI.
giving immediate notice of any error
great favor by
DESCRIPTION.
F jt
SUPPLEMENT.
-
79
79
27
287
287
40
287
1,000
1,000
1,000
1,000
50
4,970,000
1,000
1,000
6,100,000
50
100
1,000
1.000
1,000
1873
1,000
1869
183 L
1881
....
1881
1871
....
1857
1868
....
....
5. 4
5
1,000,000
1,100,000
7,975,000
2.400,000
976,000
N. Y., to Syracuse,
A West. RR. Co¬
bonds.
Ky., to Adairthe Nashville Chattanooga
RR., which owns a
majority of the stock. Of the 1st M. bonds $1,000,000 are pledged for the
collateial trust bonds.
Gross earnings for 1886-87, $204,263; net,
$65,549 ; deficit under interest and taxes, $1,317. Gross in 188 3-6,
$169,376; net, $35,67’% deficit under interest aud taxes, $15,493. Stock
is $1,156,517.
Panama.—Owns from Aspinwall to Panama, 48 miles.
Opened
through Jan.28, 1855. Of the general mortg. bonds $500,000 fall due in
five half-yearly payments beginning April, 1S87, and balance in Oct,,
1897.
The $2,687,000 subsidy bonds are secured by a pledge of the
sum of $225,000 annual subsidy payable to the U. S. of Colombia by
the company. In June, 1881, most of the stock was sold to parlies
interested in the Do Lesseps Panama Canal Co. The report for 1886 was
V. 44, p. 465, showing net income of $645,360, and a
surplus of $118,58 L over charges. (V. 44, p. 212, 465.)
Paterson Sc Hudson.—Owns from Jersey City, N. J., to Pater¬
son,’ N. J., 15 miles. The road was opened in 1834, and leased
in Chronicle,
Pennsylvania.—[See Map)—Line of Road—'The Pennsylvania sys¬
about 5,639 miles of railroad, including all east and west
At the close of 1886 the mileage operated east of Pitts¬
burg & Erie, on which earnings as reported were based, was divided as
follows: Pennsylvania Division and branches, 1,568-; Philadelphia A
Erie Division, 287; United Railroads of N. J. and branches, 466; total
operated, New York to Pittsburg, with branches, 2,322.
Organization, Leases, Ac.—The charter of the Pennsylvania Rail¬
road was dated April 13, 1846, for a line from Harrisburg to Pittsburg.
tem embraces
of Pittsburg,
Harrisburg to Philadelphia was under other organizations,
including the State Railroad, and the Harrisburg Portsmouth Mt. Joy <fc
Juancaster is still operatoa under a lease though forming part of the
main line. Road opened in 1854. The terms of the leases will be found
under the names of the respective leased roads.
The Pennsylvania Company was organized in 1870 as an auxiliary
corporation to control all the lines west of Pittsburg & Erie, aud the
Pennsylvania RR. Co. holds all tlio stock of the Pennsylvania Company.
Stock and Bonds.—The Pennsylvania Railroad stock has been in¬
creased from time to time, ehietiy by the sale of stock at par to stock¬
holders, for the purpose of raising capital for new acquisitions or better¬
ments.
The dividends paid each year since 1870 have been—in 1871,
1872,1873 and 1874, 10 per cent each year; in 1875 and 1876,8 per
sent each year; in 1877, 4; in 1878, 2; in 1879. 4*-2; in 1880, 6 and 1
per cent in scrip; in 1881, 8; In 1882, 8*2; in 1883, 8*2; in 1884, 7;
In 1885 aud in 1886, 5; in 1887, 5*i>.
The prices of the stock yearly in Philadelphia since 1875 have been—
In’76, 45 05838; in’77, 24-^0 49; in’78, 27 035 %; in ’79, 3230051^ ;
In ’80, 48 067*4; in ’81,59V07O*q; in*82. 5378 065*4; in’83, 56*8 064%;
in ’84,4914061; in ’85, 4534®56*8; in ’86, 513s060*4 ; in ’87. 53*s 060;
in 1888 to Jan. 20, inch, 54*8054%.
In March, 1881, the company purchased 217,819 shares of the Phila
Wilrn. A Balt RR., and the 4 per cent bonds secured by P. W. & B. stock
are purchased yeaily at not over nar with the surplus proceeds of Ph
W. A B. dividends and not needed for the payment of ’nteiest.
The collateral trust loan of 1883 is secured by tlie deposit of mortgage
bonds of subsidiary lines to the par value of $12,500,000.
The line from
1891-93
Jan. 1, 1901
For 1883
Philadelphia.
July 5, 1907
July 1, 1921
June
1, 1896
A D. Phila., B’k N. America.
Q.—J.
7
7
1,000
100 Ac.
50
50
Slocks—Last
Dividend.
& J. Phil.,Pa., Co., for ins. Ac.
4*sg. J. A J.
2,495,650
pal,When Due
and by
Pittsburgh, Co.’s Office
6
50
Where Payable,
Whom.
Q’rt'rly
J.
4
J.
J.
-
Phila. Tr. S. D. A I. Co.
N. Y., Nat. City Bank.
do
A D.
June 1, 1906
do
5
6
4
J. A D. Philadelphia, Penn. RR.
F. A A. N. Y., Comp’ys Agency.
F. A A. N. Y.,Chic.,R. I. A Pac.
6 g6
5 g.
7
6 g.
J. A J.
M. A 8.
M. A N.
Various
4*sg
M. A N.
6
6 g.
3
A. A 0.
J. A D.
1*2
J.
800,000
....
Oswego Sc Syracuse. -Owns from Oswego,
V. Y., 35 miles. Leased in 1868 to the Delaware Lack.
er 9 per cent per year on stock and interest on
Owensboro Sc Nashville.-Owns from Owensboro,
ville, Ky., 84 miles.
Controlled in 1879 by
Sc St. Louis, and now operated by Louis. & Nash.
Payable
1,500,000
1,500,000
799,600
1,125,000
960,800
323,500
251,000
643,000
100
50
1,000
1,000
Cent.
229,000
....
100
When
3,000,000
1,500,000
8,400,000
1,287,000
1.470,000
2,088,000
....
1867
Rate per
$7,790,000
1,000,000
20,000,000
2,177,000
13,217,000
1,500,000
1,500,000
1,000
1,000
....
82
Outstanding
$1,000
1,000
1881
1881
....
Amount
Q.-F.
Y., Central Tr. Co.
N.
do
do
do
N. Y., Central
do
Jan.
Feb.*" 1, 1921
Feb.
do
A J.
A J
1, 1921
(?)
Norristowm, Pa.
June 1. 191?
In 1886-7
Jan. 3, 1888
do
do
i, i920
Sept. 1, 1920
Nov. 1, 1926
Trust Co.
Jan,, 1889-’98
July 1, 1926
Oct. 1, 1926
Petersburg, Va.
8
5
6
J. A J,
A. A 0.
5
7
M. A N. Phila. Company’s Office.
do
do
A. A 0.
J.
1935
Aug. 1, 1921
Aug., 1887
Deo. 1,
do
Nov.’ 1,"1911
April 1, 1891
'
*
*
m
m
3.000.000
®
m
Philadelphia, Pa. RR.
....
m
A. A O.
J. A J.
7
7
INCOME ACCOUNT OF
Philadelphia, Pa. RR.
do
do
PENNSYLVANIA
RAILROAD COMPANY.
1884.
Net income Penn. RR. Division.$10,185,529
Net loss New Jersey Division . 593,536
.Balance
$9,591,993
From this balance deduct
Advances to" Pennsylvania Co.
$
($1,667,733)
Payments to trust fund
Consol, mortgage redeemed
Allegheny Val. RR.—Deficiency
Fred. A Penn. Line RR.
do
Am. 88. Co.—To meet int. guar.
Settlement of balances under
truuk line pool in 1886
For destruction of property at
New Brunswick, N. J
600,000
277,460
698,320
15,000
-
$7,994,188
$8,795,954
$1,000,639
$667,093
69,895
324,800
698,390
15,000
90,000
58,621
324,830
701,576
15,000
90,000
265,000
$2,190,666
$5,803,522
$1,440,426
$1,064,630
loss
Ac
1.020.692
$419,734
Balance
Add profit aud
•
$8,974,970
179,016
Bala ace to credit of income.... $8,001,213
6,560,787
Dividends
C7)
Rate of dividend
—
Credit of profit and
1896.
1885.
$8,153,685
159,497
411,972
$1,590,780
Balance of old accounts,
Oct. 1, 1897
July 1. 1888
4,738,892
$2,542,150
$6,253,804
4,738,892
(5)
(5)
363,355
$701,27-1
14.032.918
$1,514,9 L2
623,756
$891,156
14,734.193
13.613,184
loss Jan. 1
Balance profit and loss Dec. 31. $14,032,918 $14,734,193 $15,625,349
-V. 44, p. 149, 276, 288, 307, 312, 401, 466, 551, 621, 681, 694, 809
V. 45, p. 1 % 113, 143, 272, 437, 500, 572, 614, 705, 837.)
Pennsylvania Company.—The Pennsylvania
poration chartered by the Pennsylvania Legislature,
Company is a cor¬
April 7, 1870, dis¬
Pennsylvania RR., and it operates all the leased lines west
of Pittsburg. The stock is owned by the Pennsylvania RR.
The registered bonds are secured by deposit of $4,000,000 of Pittsb. Ft.
\V. A Chic, special stock. The gold bonds of 1921 are secured by a deposit
in trust of tbe leases of the Pitts. Ft. W. A Ohio. and the Clove. A Pitts,
tinct from the
railroads and are also guaranteed by the Peima. RR. Co.
of the mort. are Wistar Morris, Edmund Smith and 8. M.
’She trustees
Felton. Thh
sinking fund is 1 per cent per annum if the bonds can be bought at par.
The whole number of miles operated or iu any way controlled
by this company is 4,083. The income account of the company
net profits over all liabilities, including fixed charges, of
1882; $872,829 in 1833; deficit iu 1331 of $710,220, deficit in 1885 of
$1,094,671; deficit in 1886 of $200,674.
Pennsylvania Sc New York (Canal and Railway).—Own*
from Wilkesbarre, Pa., to N. Y. L. E. & \V. RR. near Now York State
Line, 104 miles. Branches to mines, 23 miles. Operated in connection
with the Lehigh Valley Railroad as a northern outlet. Common stock,
$1,061,700, aud preferred stock, $4,000,000. Gross earnings in
showed
$1,867,883 in
1885-86,
$2,268,574; net, $662,383. Gross in 1884-85, $1,827,460; net. $325,040. ; 7 per cent div. paid on pref. stock in '35 and 8 In July, ’87.
Pennsylvania Schuylkill Valley.—Owns from Philadelphia to
New Boston, Fa., 101 miles, aud Frazer to Phcenixville. 408a miles.
This was formed in 1886 by the consolidation of several companies, and
is controlled by the
Pennsylvania RR. Co.
The bonds are owned by the
Pennsylvania RR. and issued in pieces of $100,000, convertible into
$1,000 bonds. There is a sinking fund of 1 per cent. Gross earnings in
1885, $360,482; operating expenses. $400,585. Gross in 1886, $532,143; net, $41,491. J. N. DuBarry, President.
Pensacola Sc
Atlantic.—Pensacola, Fla., to River Junction,
Fla.,
ac.—The total eost to the Pennsylvania Rail¬ 160 miles. Road completed Feb., 1833. Operated by Lou. A Nash, slnoe
road Co. of the stocks and bonds of other companies held in its treasury Jan., 1385, and connects its system with the roads of Florida and So.Ga.
was, up to Dec. 31, 1886, $104,261,043 (par value of the same $137,- Stock, $3,000,000. To June, 1887, the company had acquired 1,860,425
371,026), most of which is represented on the other side of the balance of the 4,000,000 acres of land granted by the State of Florida and had
sheet by issues of Penn. Railroad stock and bonds and other debit items, sold 397,041 acres. In 1886-7 167,082 acres were sold for $152,093.
In addition to the bonds above given there are $975,000 6 per cent
the balance to credit of “ profit and loss” was $15,625,348.
land grant bonds issued to the Louisv & Nashv. RR.
A scheme to buy up the company’s guaranteed securities with 1 per
In year ending
3ent of the net income per year is in operation, and lie entire amount June 30, 1886, gross earuiugs were $294,616; net, $33,679; interest on
bonds, $180,000; other interest, $38,686; taxes, $19,539; construc¬
17.
There had been purchased for the fund securities of the yar tion, $19,950; deficit, $224,496. In 1886-7 gross, $312,152 net deficit,
value of $5,135,150. which yielded au interest of 6 83 per cent per $4,335; interest on bonds. $221,150; other interest, $5,019; taxes
annum noon me purchase price.
$17,069; total deficit for j ear, $256,772.
From Jan. 1 to Nov. 30, 18m7 (11 mos.), gross earnings on lines east of
Peoria Sc Bureau Valley.—Owns from Bureau Junotiou to Peo¬
Pittsburg undErie were $50,778,349, against $45,950,852 iu 1886; net. ria, Ill., 47 miles. The road was leased in perpetuity April 14, 1854, to
$17,202,834, against $16,361,301 in 1886. Surplus on lines west of the Chicago A Rock Islaud Railroad at a rental of $125,000 per annum.
Pittsburg and Erie, $1,269,509 in 1887, against $221,323 in ’86.
Peoria Decatur Sc Evansville.—Owns from Pekin to Evansville,
The report for 1886, was id the Chronicle, V. 44, pp. 307 and 312.
miles; branch—Stewartsville, Lid., to New Harmony, Ind., 6
A summary of the total business of 1S86, compared
with x>roviou>- 235
idles; leased, Pekin, III., to Peoria, Ill., 10 miles; through Decatur,
7ears, is shown iu the following:
3 miles; total, 254 miles.
This road is a consolidation of the
lAbNINGS ON ALL LINES BOTH EAST AND WEST OF PITTSBURG & ERIK.
Pekin Lincoln A Decatur RR. (formerly leased to the Wabash) and the
1885.
1886.
1884.
So. and the Gray viile & Mat. The road is operated
Decatur xMattoon
Gross earnings
$97,849,875 $92,994,549 $101,667,931 in harmony with the Evansville & Torre Haute. In Dec., 1886, stock¬
61,690,901
67,102,714 holders voted to exchange the income bonds for 5 per cent 2d mortgage
Operating expenses
64,434,317
Operations, Finances.
Said by the company into the Trust up to the end of
ISbo was $3,828,-
\
Net earnings
The income account belowT
$33,415,553
$31,3j3,646
$34,595,267
embraces alt receipts and expenses of the
Pennsylvania Railroad proper, but not including the roads west of Pitts
burg A Erie operated by the Pennsylvania Company. The account for
ihe year*
1884, 1885 aud 1886 was as
follows:
bonds, and the exchange was
made in March, 1887. (See full
statement
and balance short in V. 41, p. 552 ) Annual report for
1886 in V. 44, p. 342.
Gross earnings in 1836, $814,744; net, $336,-
of the company
981 ; gross
in 1887
in 1885, $736,984; net, $247,655. F.oai Ja i. 1 to Sept.
earnings were $.33,687, against $591,969
(d mos.) gross
30
in
BONDS.
RSAATILONCDKD
18 .]
Janu ry,
SUPPLEMENT
INVESTORS’
92
Subscribers will confer a great favor by giving
on
column headings, Ac., see notes
first page
immediate notiee of any error discovered in these Tables.
of tables.
Philadelphia A Erie.—( Continued.)
General M., g., guar by Pa.RR.($5,263,000 rg. 5s)
Debenture bonds, reg. (redeemable at any time)..
Phil. Oerm. A Chestnut Hill—1st M., gu. by Pa. RR.
Phil. Oerm. A Norrisi’n—Stk. 12 % rent., Ph.&R. RR.
Philadelphia Newtown A New York—Stock
Bonds, guar, by Phila. A Read., coup
Miles Date
ol
of
Road. Bonds
1869
287
7
29
21
21
1,013
Preferred stock
1843
1843-9
1857
1868
1871
1874
Mortgage loan, sterling, coupon
dollars, coupon
convertible, coupon
Mortgage loans, coupon
Consol, mort. ($8,162,000 are gold 6s) cp. or reg.
do
do
Gen. mort., gold, $ and £. cp.($5,000,000 are 7s).
Improvement mort., gold
Income mortgage, $
Consol. M, of *82, 1st ser., gold (for $80,000,000).
do
2d series (for $80,000,000).
1873
1876
1882
1883
1868
1873
1877
1877
1882
—
Debenture loan, coup
do
convertible, coupon
Scrip deben. and guar, bonds, currency
Scrip general mort. and Perkiomen, 6, sterling..
Deferred Income bonds
Deferred income scrip
Conv. adjustment scrip
Car trust certificates
do
do
P. A R. Coal A I., purchase money mort. bonds...
do
debenture loan.. ^
Phila. A Trentonr—Stock, 10 p.c guar.,Penn. RR...
Size,
1,000
200 Ac.
24,686,000
9,364,000
1,000
1,000
1,000
4,905,000
4,403,328
500 Ac.
500 Ac.
100 Ac.
100 Ac.
10 Ac.
90 Ae.
50 Ac.
■
v
•
•
*
*
*
#
2,441,052
652,200
6.203,900
557,569
1,794,510
24.673,400
894,690
2,110,730
1,400,000
822,000
12,261,000
1,117,000
1,259,100
__
500 Ac.
1,000
100
39
,
Railroad Co. the P. A E. issued $1,500,000 debenture bonds at 4^ per
oent, secured by the overdue coupons held as collateral.
From January 1 to Nov. 30, 1887 (11 mos.), gross earnings were
$3,708,294, against $3,407,310 iu 1886; net, $1,492,877, against $1,-
374,066.
East report wasiu Chronicle, V. 44, p. 273. giving the following :
ACCOUNT.
1883.
$4,108,843
$1,488,020
18S4.
$3,660,146
$1.45*,0-0
1385.
$3,292,253
$1,292,880
1886.
$3,708,485
$1,465,953
4,892
9,120
3,471
10,b36
$1,492,912
1.277,575
$1,467,200
$1,301,351
$1,476,789
1,250,213
1,187,713
1,339.328
Surplus
$215,337
$216,982
$113,638
$137,461
—(V. 44, p. 273.)
Philadelphia Germantown 6c Chestnut Hill.—In Philadel¬
phia from Germantown June., on Connecting Railway, to Chestnut Hill.
6% miles. From May 1, 1883, leased for 30 years to the Pennsylvania
ER. Co., which guarantees 4^ per cent on the bonds. Gross earnings in
1885, $108,162 ; operating expenses. $116,405. Gross iu 1886, $140,773: net, $7,464.
Philadelphia Germantown 6c Norristown. — Philadelphia.
Pa., to Norristown, Pa., 17 miles; Germantown Branch, 3 miles; Ply¬
mouth Railroad, 9 miles; total, 29 miles.
The property was leased
Nov. 10, 1870, to Philadelphia A Reading Railroad for 999 years at a
rental of $269,623 and $8,000 yearly for organization expenses. Divi¬
dends of 12 per cent per annum are regularly paid.
Philadelphia Newtown 6c New York.—Owns from Erie Ave..
Philadelphia, to Newtown, Pa., 21 miles. Capital stock, $1,200,000.
On November 10, 1879, the Philadelphia A Reading Railroad purchased
12,012 shares (which gave control of the property), and guaranteed the
bonds, the road is operated iu connection with the P. A R. system
Earnings in 1884-85, $73,928, expenses,'$32,282 ; deficit, $8,353.
In 1885-86 earnings were $80,450; expenses, $86,629; deficit, $6,179.
Philadelphia 6c Reading.— Line of Road—Owns main line.
Philadelphia tf Mount Carbon, Pa., 98 miles; branches owred, 228
miles; leased lines, 579 miles; roads controlled, 107 miles: total oper¬
ated in 1887 about 1,013 miles. The Shamokin Sunbnry & Lewisburg,
and the Jersey Shore Pine Creek A Buffalo and other lines, form the
connecting roads to the N. Y. Cent. & H. at Geneva and Lyons, N. Y.
1,499,500
74,500
2,700,000
18,811,000
1,000
in 1883-84, $99,2ol; in 1884-85, $121,537; in 18*5-86,
Total income....
Total disbursem’ts
1,200,000
700,000
39,474,911
638,850
967,200
500 Ac.
$89,775. (V. 44, p. 335 ; V. 45, p. i 3, 473, 705.)
Petersburg. —Petersburg, Va., to Weldon, N. C., 63 miles. In May
1877, a receiver was appointed, but steps were taken by second mort¬
gage bondholders to prevent a sale, and reorganization was made with
$323,500 preferred stock and $1,000,000 common stock. $440,000 Class
“A” bonds are still in hands of Central Trust Co., of which $350,000 are
reserved to retire old 1st mortgage 8s. From Oct. 1, 1887, to Nov.
30, 1887 (2 1U03.) gross earnings were $60,898, against $55,463
in 1886; net, $27,933, against $22,014.
In year ending Sept. 30,
1887, gr< as ea nings wen- $351,889; net, $122,096: suip’us over in¬
terest and guar, dividends on pier, stock, $7,817; dividend No. 1 on
common stock
(3 ver cent), $28,824.
In 1885-86, gross earnings,
$359,596; net, $160,934-(V. 43. p. 603.)
Philadelphia 6c Baltimore Central.—Philadelphia to West¬
chester, 26 miles; Westchester Junction to Octoraro Md., 46 miles;
leased Chester Creek Railroad, 7 miles; total operated, 79 miles. This
was a consolidation, Oct., 1881, of the Philadelphia .V Baltimore Cen¬
tral and the Westchester A Philadelphia railroads. Of the new dock
Philad elphia Wilmington & Baltimore RR. holds nearly all and operates
the ro id, paying over net earnings as rental.
In year ending Oct. 31,
1887, net earnings were $143,184; deficit under charges, $1,830. In
1885-86, net earnings. $166,129; surplus over chargee, $20,859.
Philadelphia 6c Erie.—Owns from Suubury to Erie, 287 miles.
Formerly Sunbury A Erie RR. It was leased to Pennsylvania RR. for
999 years from Jan. 1, 1862, the lessees to pay 30 per cent of gross
receipts as rental, but modified January 1, 1870, so that actual net
receipts are paid as rental. The general mortgage is guaranteed by the
Pennsylvania Railroad and the interest on the 6s is paid J. A J., oh the
5 per cents A. & O. The unpaid coupons arc held by the lessee for ad¬
vances, and by terms of adjustment in Jan., 1885, made with the Pcnna.
Rents
1,470,000
1,000,000
2,231,900
50
50
100 Ac.
50
50
£500
RR. companies, and they pay a rental for use of the road and also pay
terminal charges. See full description in V. 36, p. 253. Gross receipts
In 1886 $226,352; net, $48,365; deficit under interest, rentals and
taxes, $23,977
A. L. Hop tins, President, New York.
Perkiomen.—Owns from Perkiomen Junction, Pa., to Eiugus
Junction, 39 miles. The road was leased for 19 years from Aug. 1,
1868, to Phila. A Reading RR., and bonds guaranteed by the lessees ; but
the property was surrendered in May, 1879. Stock subscription, $38,040. A proposed plan of reorganization provides for cancelling present
debt and issuing a new mortgage for *2,250,000.
(See V. 45, p. 53.)
INCOME
Outstanding
1,000
1,000
1886; net, $298,' 35, «>gainst $289,188.
(V. 43, p. 162. 275, 335, 368,
459, 48^, 035,766; V.44 p. 149. 212, 276, 309, 342, 552; V. 45,p. 26.
Peoria 6c Pekin Union.—Owns from Pekiu to Peoria, 10 miles
on each side of Ill. River; total operated, 20 miles.
The road is a union
road, and the stock of $1,000,000 was taken by the different Peoria
ReceiptsGross earnings
Net earnings
Amount
$1,000 $13,943,000
1883
1883
1884
1872-4
1872
or
Par
Value.
1885
1883
1,013
Philadelphia A Heading—Stock, common
Net earnings
Bonds—Prinoi
INTEREST OR DIVIDENDS.
DESCRIPTION.
For explanation of
[Voiu XLVI,
j
Bate per When Where
Cent.
Payable
pal,When Due.
Payable, and by
Whom.
5 A 6 g. Various Philadelphia A London.
F. A A. Philadelphia, PennlRR.
4*3. M. A N.
3
Q.—M. Phila., Treasurer of Co.
j
A. A O.
6
24
34
....
..........
Phila., 227 So. 4th St.
Philadelphia, Office.
do
do
J. A J.
London.
J. A J.
Philadelphia, Office.
J. A J.
do
do
do
A. A O.
do
do
do
6 g. or 7 J. A D.
Last paid July, 1884
7 A 6 g J. A J.
6 g. A. A O.
Philadelphia.
Last paid Dec., 1883
J. A D.
7
Last paid May, 1884
5 g. M. A N.
Last paid Feb., 1884
5 g- F. A A.
6
J. A J.
Last paid Jan., 1884
J. A J.
Last paid Jan. 1884
7
J. A J.
Last paid Jan., 1884
6
6
J. A J. Philadelphia A London.
6
Nothing ever paid.
6
Nothing ever paid.
J. A J.
Last paid Jan , 1884.
6
F. A A.
6
Philadelphia. Office.
M. A 8.
do
6
do
Various
do
6 A 7
do
M. A 8. Last paid March, 1884.
7
6
6
6
7
....
-
....
....
24
Q.-J.
Philadelphia, Office.
Stocks—Last
Dividend."
July, 1, 1920
Feb. 1, 1915
Mayl, 1913
Dec.
3, 1887
Oct. 1, 1897
Jan. 25,1876
July, 1876
July, 1910
July, 1910
July, 1910
Oct.
1, 1893
June, 1911
July 1, 1908
Oct. 1, 1897
Deo. 1, 1896
May 1, 1922
Feb. 1, 1933
July 1, 1893
Jan. 1, 1893
July, 1877-84
July, 1882-85
Irredeemable.
Irredeemable.
Jan. 1, 1888
1892 to 1894
1892
Jan. 10.1888
Organization, Leases, &c.—The Philadelphia A Reading Company
chartered April 4, 1833, to build from Philadelphia to Reading, and
May 13, 1872, the Mount Carbon Railroad was merged and became
part of the main line. Road opened Philadelphia to Pottsville in Jan.,
1842. The Philadelphia & Reading Co. leases a number of roads in
Pennsylvania, including the Catawissa, Chester Valley, Colebrookdale,
East Pennsylvania, Little Schuylkill, Mine Hill. Schuylkill Valley, Phila¬
delphia Germantown & Norristown, Philadelphia A Chester, aud some
minor roads; also the North Pennsylvania Railroad and Delaware
A Bound Brook, forming the line from Philadelphiato New York.
In
May, 1883, the Central of New Jersey was leased hut sur’ endured Jan.
1, 1887. The fiscal year ends November 30. The annual election is
held early iu January.
The Philadelphia A Reading Coal & Iron Company is a corporation
formed (Dec. 12,1871) for the purpose of owning and working the ex¬
tensive coal properties of this company. The Phila. & Read.RR. Co. owns
all the stock ($8,000,000) of the Coal A IroD Company.
was
on
The P. A R. RR. and the
Iron Co.
were
in the hands of receivers from
May, 1880. to May, 1883. Again in June, ’84, receivers were appointed
and held the property till Jau. 1, 1888.
Stock and Bonds.—The preferred stock is of small amount, and did
not receive any dividends after 1880. The dividends paid on Phila¬
delphia A Reading stock from 1870 to 1875, inclusive, were 10 per oent
each year; in 1876 2^j per cent was paid and nothing since.
The range of P. & R. stock yearly in Philadelphia since 1875 has been;
in 1876, I8I2«>55; in 1877, 10@20i4; in 1878, 1138®19%; in 1879,
.
ll^®375g; in 1880, 6^®36^; in 1881, 253s?i>37H; in 1882, 23^®
33% in 1883,23^@30% in 1*84, 8^304; in 1885. 639®12% in 1886,
94®27: in 1887, 1714®)3578; in 1838, to Jan 20 inch,
The bonds in the table above are arranged with the mortgage bonds
placed first, then the plain debentures, income bonds, scrip, Ac. The
of the general mortgage ol 1874 hold the bonds of the Coal
A Iron Co., viz., $29,737,965 mort. of 1874 and the Phila. & Read. Co.
also holds the $10,000,000 mort. of the Coal A Iron Co. dated 1876.
Operations, Finances, &c.—The Philadelphia A Reading Co. has
been the largest of the anthracite coal carriers, and through its auxiliary,
the Philadelphia & Reading Coal A Iron Co., became a large owner of
coal lauds. Between 1870 and 1876 theP. A R. increased heavily its
capital account in the purchase of new properties, and after paying 10
per cent dividends for some years ceased to pay after Jan., 1876.
In May, 1880. the company suspended payment and on May 24
receivers were appointed and held possession till ...ay, 1883. But Id
June, 1884, the company again went into receivers’ hands, partly owing
to the he ivy charges on Central of N. J.. while coal profits also declined.
In Feb., 1886, the Drexel-Morgan syndicate of bankers was formed,
with a proposed capital of $15,000,000, for the purpose or effecting
rcor-anizatiop. (See Chronicle, V. 4?, p. 216 and p. 394.) The plan of
organization approved by the “ reconstruction trustees ” representing
bondholders aud the.company, and by the syndicate, was publi-lied at
length in the chronicle of March 27, 1836, on p 394, Ac., and after
t In* agreement with Mr. Gowen in Sept., 1886, uuder which Mr. A. Corbin
became President, the complete plan as modi lie j was published in the
Chronicle of Dec. 18, on p. 747 (V. 43. p. 747); and out of $132,873,
400 of bonds and stock of the Reading and i s leased companies $125,
360,725 assented to the reorganization scheme, while of the $5,735.
222 first series eo> sol. lives not deposited, the holders of nearly all had
agreed to accept payment of their bonds at an time.
The annual report for the year ending Nov. 30, 18*7, was in V. 46, p.
73.
From this report It appears that the floating debt aud “current
liabilities ” of the P. A R. RR. and the Coal A Iron Co. Nov. 30, 1886, were
$29,779,273. against $6,2IS,426 Nov. 30, 1887, a decrease of $23,560,trustees
s46.
The details of the receivers’ transactions showed that the pay¬
ment of the floating debt iu 1837 released collaterals which have been
ed to the company, amounting at par to $9,203,655, exclusive of
coal company stock, par value $3,000,000. The market value of the
first named secu- ities is $3,666,097. The companies also hold securi¬
ties of a market value of $1,919,320. -Liabilities amounting to $823,200 remain unadjusted. The availab e current assets of lpotli com¬
panies exceed the.'liabilities' by $?,623,450. At the close of the year
the companies had, exclusive of funded debt and $823,000 of unad¬
retur.
justed current liabilities, cadi, $3,395,441; bills receivable mbsolu eU,
goed). $1,094,116; moneys due tor coal delivered (sicce paid), $2,285,347; coal on hand (mined and paid for), $316 581; freight and tollsaccounisdue by connecting railroads, &c.. $1,749,889; total, $8,841,876. There is, however, $1 480,000 due the Drexel-Morgan syndicate
for interest paid by them on the general mortgage aud $922,770 is due
to holders of the sterling scr p.
The plan provides for the issue of
$4,680,000 of general mortgage bonds to cover this indebtedness.
1885-86.,
Net earnings
Net earnings
RR. Co
Coal A Iron Co
Total net both companies
Diduct—
Rentals RR Co
interest RR.Co
Interest Coal A Iron Co
Total deductions
Balance, both companies
1886-87.
$*,482,6 .7
Loss. 1,147,055
$10,981,572
Profit. 1,448,482
$7,335,602
$12,430,054
$3,620,939
6,222,863
984,684
$3,300,383
5,478,132
794,272
$10,828,436
$9,572,787
Surplus. $2,837,267
Deficit. $3,492,884
RAILED AD
January, 1888. J
Subscribers will confer
a
explanation of column headings, Ac.,
on first page of tables.
see
notes
Miles
Date
of
of
Road. Bouds
Philadelphia Wilmington d Baltimore—Stock
Plain bonds, registered
506
do
do
do
do
(for $1,000,000)
Piedmont d Cumberland—1st mort
Pine Creek.—1st mort., guar
Pxtts. O. d St. L.—1st M.,con8ol., reg. and coup
2d consol, mortgage
1st mort., Steub. A Ind., extend, in 1884
Col. A Newark Division bonds
1887
1872-4
1875
1880
1887
1886
1883
1868
1873
1864
1864
.TT.
....
30
i99
199
125
33
r
Holliday’s CoveRR. mortgage bonds
m
Pittsb. Cleve. d Toledo—1st M., gold.int. guar., B. AO.
Pittsb. d Connellsville.—1st mortgage
1st mortgage Turtle Creek division
Consol, mort., guar. B. A O. (s.f. £7,200 pr. yr.)..
2d consol, mortg., gold (pledged for B.A O. bonds).
Pittsb. Ft. Wayne d Chic.—Stock, 7 p. ct., guar. Pa.Co.
Special improvement stock
1st mort. (series A to F) » Bonds all coupon, but
2d
do
(series G to M) > may be made payable
3d mortgage
) to order.
Pittsburg Junction—1st M., gold
Pittsburg d Lake Erne— Stock
1st mortgage, gold, coupon
Pittsburg McK. d Yough—Cons, stk., guar. P.& L. E.
1st mortg., guar, by P. & L. E. and L. 8. A M. S..
2d mortg
Pittsburg Fainesmlle d Fairport—1st M., gold
c*
—
Pittsb. Va. d Charleston—1st mortgage, gold
Pittsburg & Western— 1st M.,g.(for $10,000,0001.0*
1st
m
Size,
(tons of
4
1871
1862
1862
1862
1881
414
1,000
1,000
1,000
1,000
....
1,000
100 Ac.
£200
100 Ac.
100
100
500 Ac.
500 Ac.
500 Ac.
2240
one
lbs.),
mile.
Outp it of
coal 0. d I.
carried one
mile.
2240 lbs.
..0883
518,859,348 253,309,495
533,689,725 303,460,473
628,975,470 327,347,373
...3881
713,984,492 305,871,807
..1881
58 ■',980,525 319,279,871
...5881
665,018,573 359,526,194
...6881
727,179,162 398,862,487
1887... 835,308.697 444,614,423
..1881
1882...
2.000,000
50
1,000
62
62
70
226
1882
1884
1886
1882
1887
3,000,009
2,250,000
750,000
1,000,000
....
....
m
i
Cross
1,000
1,000
Co., tons
ceipts both
companies.
companies.
4,696,106 $32,177,003
5,422,600 35.286,463
5,624,789 37,300,162
6,074,131 40,045,615
5,672,6-4 37,009.753
6,040,178 34,343,501
6,201,202 35,683,096
6,901,497 41,188,737
’
$8,861,138
10,051,888
10,647.770
11,855,181
8,950,554
7,926,304
7,333,603
12,430,054
466, 527, 544, 551, 586, 701, 714, 752, 782, 809; V. 45, p. 26, 54, 85,
143, 211, 240, 272, 305, 341,438, 473, 509, 539, 572,600,705,743,
792; Y. 46, p. 39, 73, 76.)
Delaware RR., 100; Queen Anne & Kent RR.,
Cambridge & Seaford RR., 27 ; Del.
Owns
over
half the
Baltimore, has been
frofltable,
paying 8regular
dividends,
withhave
a considerable
From
868 dividends
per cent
on the stock
been paid surplus.
each year.
In
count was as follows:
Gross
earnings
Net earnings
Other receipts
Total net income...
disbursements—
A
A
A
A. A
J. A
J. A
J.
J.
J.
O.
J.
J.
1834.
^
1,313,297
Net earnings
Rentals and interest
Net from l’sed roads.
Miscellaneous
Disbursements—
Rentals paid
Interest on fund, d’bt
Other interest
InL.onC.AM.Val.bds.
Loss ouSt. L.V.AT. H.
“
Cin.AMus. V. RR.
Miscellaneous
Exclusive
1,946,191
$
1,741,452
$
856,345
714,490
231,216
105,000
82,534
849,920
—
Piedmont Sc Cumberland.—Road extends from
Piedmont, West
Va., to Cumberland, Md., 30 miles. It connects the Wost Va. Central A
Pittsburg RR. with the Pennsylvania RR. system, and has a traffic con¬
tract from the Pennsylvania Railroad. Stephen B. Elkins, President.
Pine Creek.—Stokesdale J unction to Newberry J unction, Pa., on the
Corning C. A A. Road, 75 miles. Formerly Jersey Shore Pine Creek A Buff.
RR. It is operated by the Fall Brook Coal Co., and forms a connection
between Philadelphia A Reading lines and N. Y. Central, and bonds are
guaranteed by these companies and the Corning C. & A., on the condi¬
tion that guarantors shall advance money for "interest if needed and
take 2d mortgage bonds for such advances. Stock $1,000,000. Stock
and bonds were largely held by Mr. W. H. Vanderbilt. Gross
earnings in
1885, $538,326; net, $167,564 ; lent of road, $161,498; surplus, $6,06
s.
Pittsburg Cincinnati Sc St. Iiouls.— Owns from Pittsburg, Pa.’
to Columbus, Ohio, 193 niles; branch to Cadiz. Ohio, 8 miles; total, 201
miles. This wr s a consolidation of several companies,
May 1, 1868, in¬
cluding th€ Steubenville A Indiana and the Pan Handle roads. This com¬
pany is controlled by the Penn. Company, through the ownership of a
majority of Itsstocx. The P. C. A St. L. also has leases of the Little Miami
and its dependencies. Common stock, $2,508,000; first nref.
$2,929,200;
second preferred, $3,000,000; par value of shares, $50. Authorized
amount of 1st mort. $10,000,000, of which $3,137,000 roserved.
The report for the year 1886 said: “The tonnage transnort^d was
4,864,889 tons, against 4,066,386 tons in 1885, a gain of 798.503 tons,
the larger portion of which was in local traffic. All classes of freight
show an increase, except ore, live-stock and agricultural products. The
646,990
183,850
105,000
33,011
42,003
27,888
AT CLOSE OF EACH
1883
$
-
Stocks owned, cost..
Bonds own«d, cost
232,415
23,908,010
$
2,508,000
24,060,720
$
2,508,000
20,605,107
1,035,967
..
Bills Aaccts. reeeiv..
Total assets
Liabilities—
Stock, common
Stock, preferred
Bonds
All other dues A acc’ts
Due Little Miami RR.
Due C. C. A I.C. RR
Cin. Street Conn.bds.
Miscellaneous
1884.
$
20,798,277
1,085,967
23,750
21,744
1,119,287
292,014
258,918
64,639
396,124
1,625,816
$
1,616,554
9,262
4,974
1,735,744
2,059,777
$
830,881
$
931,518
646,990
178,615
52,500
648,190
133,104
.'.’.’.”11
1!
i4,i*72
66,917
1,725,784
sur.
333.993
ofiCol. Chic. & Ind. Cent.
2,009,008
1,574,501
434,507
m
589
GENERAL BALANCE
-A ssets
432,897
378,330
2,000,033
1,888,662
1,775,903
def.53,842 dof.147,210 def. 40,159
Balance
*
1,621.906
4,624
10,418
Total
1886.
423,531
1,911,189
1,591,542
319,647
65*87
1885.
8,784
1,988,674
Tot.dis’ts,inc.8p.c.div.l,538,653
Balance, surplus
450,016
V. 44, p. 185.)
1925
1888
1888
do
401,132
1,536,275
474,337
44,284
1926
Jan. 1>
Feb. 1,
Jan. 4,
Jan. 1,
^
1,351,990
4,835
317,725
64,639
945,548
do
^
Materials, fuel, Ac...
945,548
13,605
Juiy, 1898
1889
Aug. 1>
July 1, 1912
July 1, 1912
July 1. 1912
July, 1922
Jan.. 1888
July 1. 1928
Jan. 1, 1888
N.Y., Union Trust Co.
July 1, 1932
do
do
July 1, 1934
N. Y.,Mercautile.Tr. Co.
July 1, 1916
Philadelphia.
April 1, 1912
N. Y., Drexel, M. A Co.
1883.
R&C6lJ)t8~~~
Cash on hand
Cin. Str. Conn. Ry...
Profit A loss balance
14,543
1914
1890
1893
1922
INCOME ACCOUNT.*
154,7 83
913,604
1.1913
1*
l.
1.
1»
1,621,906
1,471,028
47,693
Jan.
Jan.
Feb.
Oot.
1,351,990
66*48
146,378
374,852
204,172
April
6753
6,004,764
1,862,630
367,650
1932
1> 1900
1,313,297
Betterm’tstol’s’dr’ds
200,OnO
47,697
Dec.
Aug.
6677
$
6,007,803
386,631
200,OoO
47,686
945,548
11,674
1. 19H
Aug-
1,536,275
1386-7.
331,338
l922
Nov-
Net earnings
P.c.of op.ex.to earn’s
$
201,485
47,682
1. 1892
l. 19 00
june, 1910
4,752,596
3,130,690
1885-6.
$
Oot.
Ap
4,033,623
2,631,633
$
5,678,588
1,783,816
122,373
Interest on debt
Taxes
Dividends, 8 per ct
Q.-J.
J.
J.
J.
1884-5.
Rentals paid
Miscellaneous
A D.
A N.
A A.
A D.
A A. Phila., Pa., RR. Office.
A O.
do
do
A J. N. Y., Nat. City Bank.
A J. Phila., Pa. RR. Office.
A A.
do
do
A.. A O.
New York.
J. A J. Balt., Balt. A Ohio RR.
F. A A. Pittsb., First Nat. Bank
J. A J. London. J.S.MorganACo
F. A A.
New York Agency.
Q.-J. N. Y., Winslow, L. A Co.
do
do
Q.—J.
Various
do
do
Various
do
do
A. A O
ao
do
J. A J. N.Y. ,3dNat B*.A Pitts.
J. A J N. Y., Chemical Nat. Bk.
J. A J.
N. Y., Pliila. A Pittsb.
$
5,820,323
1,855,178
133,496
$
ao
do
do
do
do
do
do
do
New York.
Phila. P. A R. RR. Co.
T.
M.
F.
J.
F.
A.
J.
J.
F.
1883-4.
$
Phii’delpliia, Co.’s Office Jan. 2, 1888
do
do
April, 1917
4,045,257
2,731,960
RR.,equipment, Ac..
INCOME ACCOUNT.
A J.
Stocks— Last
Dividend.
4,623,740
3,087,465
or
April, 1881, nearly the whole stock was purchased and is held by Penu.
RR. Co.
Fiscal year ends October 31.
For four years the income ac¬
Whom.
Total gross earnings.
Op. exp. and taxes..
26; Delaware A Chesapeake, 55;
Md. A Va. RR., 98 miles ; total operated, 506 miles.
stock of the Phil. & Balt. Cent.
This road on the main route, Philadelphia to
pal, When Due.
coke traffic shows an increase of ab >nt 57 per
cent, or 112,038 tons.
The gain in the volume of coal was als >
qui:e large. There was an in¬
crease in freight earnings of $711,122 42.
The average rate received
per ton per mile was 6-10 mills as compared with 5»i0 mills for
the pre¬
vious ye ir; and while the average oost was
increased, the result was an
increased protit on this class of trattle. There were carried
1,321,432
passengers as compared with 1,261,427 iu 1885, there
being a gain in
local, and a loss in through travel.”
The statistics of the report for 1886 were in V.
44, p. 342.
1383.
1884.
1885.
1886.
Total income
Philadelphia & Trenton.—Owns from Kensington, Pa., to Morrisville, Pa., 26 miles and Tioga Branch, 1 mile; leased—Trenton Bridge.
Connecting Railroad, 7 miles, and Frankford & Holmesburg Railroad, 4
miles; total owned and leased, 39 miles.
On Dec. 1, 1871, it was
leased with the United Companies of N. J. to the Penn. RR., at 10 per
cent on stock, and is operated as a part o1 its New York division.
Philadelphia Wilmington Sc Baltimore.—Mileage as follows:
Philadelphia Wilmington & Baltimore RR., 122 miles; Philadelphia &
4 g6
219,000
....
Coal d Iron
1^
6
6
5 g.
5
3 000,000
9,100,000
1,000
1,000
Net e'rnings
of RR. and
re¬
7
7
7
6 g.
6
6 g.
2,000,000
1,000
m
1%
1\
5,160,000
1878
1884
m
6
7
7
5
7
6
6
7
6
6 g.
5 g.
10,776,800
5,250,000
1,440,000
2,050,000
m
Bonds—Princi¬
Where Payable, and by
Payable
A. A O.
A. A 0.
A. A O.
4
5
19.714.286
1,000
....
The average annual net earnings of the rai road and coal companies
from 1830 to 1887 were $9,757,3 11
The total fixed charges under re¬
organization will be $7,802,162 per year.
—(V. 44, p. 22, 61, 89. 90, 185, 212, 244, 276, 309, 344, 401, 431, 459,
Baltimore Central, 79 ;
93
When
J.
6
5
6,292,000
10,000,000
50
70
70
65
4
4
6
700,000
800,000
1,000,000
251,000
650,000
3,500.000
6,863,000
2,500,000
3,000,000
134,000
120,000
2,400,000
4,000,000
326,600
....
1882
1868
1859
1876
1885
Rate per
Cent.
$11,819,350
1,000,000
1,000
AND COAL .fc IRON COMPANIES.
YL’rchandise
Outstanding
1,000
1,000
1,000
excluding the business under Central RR. of New Jersey lease:
Coal carried
Amount
$50
1,000
1,000
1,000
The following ta le shows traffic and joi it earnings for eight year*,
RAILROAD
BONDS
INTEREST OR DIVIDENDS.
or
Par
Value.
m
78
149
10
149
149
468
468
468
468
468
mortgage Pitts. Newcastle & Lake Erie
TRAFFIC AND EARNINGS OF
AND
great favor by giving immediate notice of any error discovered in tbese Tables.
DESCRIPTION.
For
STOCKS
20,318
1,107,502
FISCAL YEAR.
1885.
$
20,870,740
1,085,967
23,750
38,17
1,036,391
339,995
276,134
64,639
428,482
1,692,961
847,360
12,617,000
1,451,050
845,826
24,214,268
$
2,503,000
5,929,200
12,617,000
2,013,724
845,826
262,500
50,989
262,500
447,144
262,500
38,018
5,929,200
12,617,000
5,929,200
1886.
$
20,965,392
1,085,967
23,750
16,021
951,613
330,697
322,045
64,639
119,300
23,879,426
$
2,508,000
5,929,200
12,617,000
1,680,136
845,290
.
Total liabilities
262,500
37,298
23.908.010 24,060,720 24,214,268 23,879,426
-(V. 42, p. 366, 547; V. 43, p. 215; V. 44, p. 342.)
Pittsburg Cleveland Sc Toledo,—(See Jlap of Pittsb. d Western.)
—From Newcastle Junction, Pa., to Akron, O., 77 miles. Stock
$3,000,00, par $50. Leased in July. Iss4. for 9 > years, to Pittsburg A
Western,
which was controlled by Baltimore A Ohio, and the Baltimore A Ohio
Company guarantees interest on the P. C. A T. bonds (see terms in V.
39, p. 607 ) In 1 i83 road is to be sold under a judgment, but subject
to the mortgages and lease.
In the year ending June 30, 1836, gross
comings were $401,825; net. $132,462; interest, rentals, Ac., $200,802 ; deficit, $123,340.
(V. 45, p. 727.)
.
Pittsburg Sc Connellsville.—Owns from Pittsburg, Pa., to
Mt. Savage June., Md., 147 miles; branch, 2 miles; leased
lines, 22 miles;
total, 171 miles. Leased to the Balt. A Ohio Railroad since Jan.
1,
1876. The city of Baltimore transfened its interest to the
Balti¬
more Railroad
for $1,000,000, and the consolidated
sterling mort¬
gage was made and guaranteed by the Baltimore A Ohio, of which
enough is reserved to retire the prior bonds. It is operated as the
Pittsburg Division of the Baltimore A Ohio RR. In 1884 the Balt. A
Ohio issued its bonds for $10,000,000 secured by pledge of the above
2d
consolidated mortgage of the Pittsburg A Connellsville RR. Stock
is
$1,944,400. In year ending Sept. 30,1887,gross earnings were $2,599,074; net, $1,004,263.
Pittsburg Fort Wayne Sc Chicago. Owns from Pittsburg, Pa.,
coChicago, III. 468 miles. The company made default Oct. 1,1857. and
again in 1859.,and was foreclosed Oot. 24, 1861, and reorganised under
.y.^-.T.rei.miavBggggacas
-^V^1iS2SKraCc£.2*«^i3«^S5s
MAP OF THE
PITTSBURG
RAILWAY J
'
INVESTOR’
SUPLEMNT.'
.
[Vol.
xlvi.
»3X^ti(SliiBBl&il}tSaiU&St. i&A *
r..i,
tesumsa i-J ^5*3*8. a. r&SW^}:
i.-,:.;; *.Jk i’>., --;: <*
RAILROAD
January, 1888.]
For
explanation of column headings, Ac., see notes
on first page of tables.
Miles
Date Size, or
of
of
Par
Road. Bonds Value.
Pittsburg Youngstown dt Ashtabula—
Ashtabula A Pittsburg, 1st mort., coup, or reg...
Port Huron dt Northwestern— 1st mortgage
Consolidated mortgage
Equipment mortgage.
Monticello dt N. Y.—Stock
Port Royal dt Augusta— 1st mort., accumulating s. f.
2d mort., endorsed by Central Ga., sinking fund..
Augusta A Knoxville mortgage
General mortgage income bonds, coup
Port Royal dtWest Carol.-Con. M., s. f. ($2,500,00J)
Portland dt Ogdensb.—1st mort., gold
Consol, mortgage (for $3,300,000)
Port Jervis
Portland dt Rochester—Stock ($600,000)
Portland Sacodt Portsmouth—Stock Uuar bv rental)
Portland dt Willamette Valley—1st mort., gold
Portsmouth dt Dover— Stock, 6 p. c. guar. East. Mass.
Port*. Ot. Falls dt Con.—Stock, gu. same div. as East..
1st mortgage
0
.Prescott dt Arizona—First mort., gold, sink. fund..e
2d mortgage, incomes
Providence dt Spring/.—1st M. <end. by City Prov.).
Providence dt TVorcester—Stock
cy
Bonds
1878
62
218
218
218
1879
1882
1881
1stInort., funding coup
Raleigh dt Gaston—1st mortgage
Reading dt Columbia^-1st mort, ooup. (extended)..
(extended in 1884)
Debentures
Lancaster & Reading, 1st mortgage
Rensselaer dt Sara.—Stock, 8 p. c. guar. Del. A H.Can.
1st mortgage, consolidated (for $2,000,000)
$1,000
any error
discovered In these Xables.
INTEREST
Amount
Outstanding
Rate per
When
Cent.
Payable
$1,500,000
755,000
920,000
....
135,000
24
OR
bonus—rnnoi-
DIVIDENDS.
Where
oal.When Due.
Payable, and bv
Whom.
6
7
6
7
F. A A. Phil., Fid. I.T. AS.D.Co.
A. a O. N. Y., First Nat. Ban*.
J.
A J.
J.
A J. N. Y., Nat. Citv Bank.
A J. N. Y., il. B. Hollins ,v Co.
A N.
A J.
Last paid Julv, 1887.
A N.
Last paid Nov., 1883.
A J.
Portland.
A J. Rost., Eastern RR. Co.
& jr 1 N. Y., Farm. L. A Tr. Co.
A J.
Portsmouth, Treas,
A J. Bost., Eastern RR. Co.
A D.
do
do
A J.
New York Agency.
do
do
A J. Providcnce.Am. Nat.Bk
M. A S
F. A A.
do
do
....
229
60
94
53
51
29
11
73
73
73
73
23
51
....
....
18'6
....
....
1877
18«6
1886
1872
....
1877
1-86
1873
1862
1864
1877
1873
97
40
40
15
193
79
....
1871
100 Ac.
100
1,500.000
6
6
7
6
6
6 g.
6 g.
3
3
1,000
400,000
769,000
7 g.
3
.
.
_
250,000
112,000
.
100 Ac.
630,000
1.500,000
1,000
2.143,000
500 Ac.
100 Ac.
800,000
2,377,000
...
591.707
....
100
100
500 Ac.
1,000
1,000
1,000
100
l.oao
1,150,300
1,000,000
775,000
4»*
775,000
500,000
3,000.000
6
4*3
6
J.
M.
J.
M.
J.
.1.
J
J.
J.
J.
•
J.
7
J.
Q,-M.
N. Y., 234
Broadway.
Providence, Office.
6
100
1.242.000
873.000
A. A O. Providence R. I.H.T.Co.
1,000
1,000.000
1,000.000
lOOAo
1.000
650,000
1,000
1,GOO,000
100 Ac.
350,000
8,155,300
1,925,000
6
8
5
5
6
7
4
7
J.
1,000
100
1.000
this title Feb. 26, 1862. On June 27,1869, the company leased all ts
road and property to the Penn. RR at a rental equivalent to interest,
sinking fund of debt, and 7 per cent on $19,714,286 stock, which was
Increased at that ume from $11,500,000.
The lease was transferred
subsequently t o the Pennsylvania Company. The lessees are to keep
the road in repair and also pay taxes, expenses, Ac. The rental and
lute est charge is about $3,126,000 per year, and the profit to lessees
hadrbeen large; in 1884 and 1885, however, there was a loss to lessee.
The Pitts. Ft. Wayne & Chic, leases the Newcastle & Beaver Val. and the
wrence roads, which in turn are leased again by the Pennsylvania Co
The first mortgage bonds are in six series lettered A to F, inclusive
350,000
A J.
A J.
M. A S
J. A D.
J.
Storks—Last
Dividend.
Aug. 1, 1903
Oct. 1,
Mar. 1,
1899
1922
Yearly install
500J >00
1878
1882
1880
1878
1887
1870
1871
112
112
68
108
Raleigh dt Augusta—Stock
2d mortgage, coupon
AND BONDS.
by giving Immediate notice of
Subscribers will confer a great favor
DESCRIPTION.
STOCKS
Jau. 1, 1899
July, 1898
July 1, 1900
Jan.
1, 1899
Mav 1. 1937
jam, 1900
Nov.. 1901
,lan. 14, 1888
Jan. 16. 1888
Jan. 1, 1908
Jan. 1. 1888
Dec. 15, 1287
June 1, 1937
Jan. 2. 1916
Jan.. 1916
July 1, 1892
Dec. 31, 1887
1897
Jan. 1926
Jan. , 189*
Mob. 1, 1912
Juno 1, 1904
Dec. 1, 1917
,
N. Y., Pnila. A Balt.
Phila., Co.’s Otfice.
do
do
Lftnt: r>a.t<1 1 Sfti Q<1
A J.
do
do
J. A J. N. Y., Nat. B’k Coiu’rce.
MAN. N. Y.. Del. A H.Canal Co.
J.
July 1, 1893
Jan. 2, 1883
Nov. 1921
.
till Jan. 1, 18 *2, by J. Pieraont Morgan, J. L. Welsh and James
Callery.
For abstract of mortgage (trustee Merc. T . Co.) see V. 45,
p. 4 39.
In > dd'tion t<* the a»’Ove indebtedness tnere were outstanding in
Nov.,
1887, $81,000 Pitts. A West. 7 per cent bonds due July, 18 >8. real
estate mortgages for $175,935, and car trust certificates $360,656.
F*om July 1 to November 30 iu 18S7 (5 months), gross
eornings were
$946,466 ; net over expenses, rentals and taxes, 8272,319 ; surplus over
interest on bonded debt, $110,319.
In 1885-86, gross
earnings’$1,091,-
463; net, $334,028. Pres., James Callery, Allegb. Citv. Pa.; VioePres., A, J. Thomas, N. Y. (V. 44, p. 370, 544, 752; V. 45, p. 26, 113,
439, 614, 705, 743, 820, 887.)
Pittsburg Youngstown Sc Ashtabula.—0\vns fro n Ashtabula
Harbor. O., to
i25 miles.
In July, 18^7, this organ zation was
made .by consolidation of the Ashtabula * Pittsburg with the Niles &
Alliance, Lawrence A Newcastle and New Brighton roads, under the
abovt title.' (V. 45, p. 112.)
,
and on “F” it is June and December. The second mortgage is also in
six series of $860,000 each, lettered H to M inclusive (J omitted), and the
Interest is payable Jan. and July on “G” series, Feb. and Aug. on “
March and Sept, on “ I,” April and Oct. on “ K,” May and Nov. on “ L,”
and June and Dec. on “M.” The bonds are coupon, but may be regis¬
H,’'
tered payable to
the 2d mortgage
order.
Of the 1st mortgage bonds, $1,633,500, and ol
$1,949,500, and $823,767 cash, were held in the sink
lng funds Jan! 1, 1887. The special improvement stock is issued to
Pennsylvania RR. for improvements, &c., under article 16 of lease
which provides that the leasee may issue special bonds or stock.
Operations and earning* for three year* past wepe as below; in the gross
the nbt profits on leased lines are included, and in the net the earnings
paid to the C. <fc P. road are deducted.
Passenger
Mileage.
Years. Miles.
468 110,639.940
1884..
1885.. .468 131,613. 04
468 104,370,187
1886..
.
.
Freight (ton)
Gross
Available Div’d
p. ct
Mileage.
Earnings.
Revenue
907,951,237
9 3.564 515
903,083,277
$9,264,314
8,237,156
9,129,340
$2,907,465
2.411,4* L
3,033,012
7
7
7
River to Allegheny
tracks ami branches,
Built under auspices of B. ct O. and Pittsburg A Western, which com;*!
pies made an agreement to pay $2 for eacli car. and guaranteed (separ¬
ately) a minimum of $240,000 per annum. In 18*6 gross earnings
were $176,000 and net $140,090. Common stock is $960,000.
Preferred
Stock, $480,000. Dividends raid ns earne », (YT 44, p. 118.)
Pittsburg Sc Lake Erie.—Owns from Pittsburg, Pa. to Youngs
town, Ohio, 68 miles; branch line to Newcastle, Pa., 2 miles; total, 70
Pittsburg Junction.—From Motiongahela
River, Pittsburg, Pa., 4*4 miles, including sidt?
miles. Leased from Jan. 1, 1884, for 99 years, the Pittsburg McKeesport
& Youghioglieny RR , from Pittsburg to New Haven, Pa., 57 miles, with
brandies. 5 miles. Scrip certificates for $615,000, bearing 6 per cent
interest and payable at will, are also
company
managed in the interest of Lake Sh. A Mich. So.. The stock was pur
in trust but the Yanaerbilt interest was allowed to vole and control the
road; see V. 45. p. 540. in ’*6 gross earns., $1,376,861; net, $375,655.
Jno. Newell, Pres’t, Cleveland. O. (V. 44, p. 91,544; V. 45, p. 540, 673.)
outstanding. This
Pittsburg: IttcKeerport Sc
is
Yougliloglteny.—Owns from Pitts¬
burg to New Haven, Pa., 57 miles; branches, 8 miles; total, 65 miles
Road opened Nov., 1883, and leased to Pittsb. & Lake Erie RR. for 99
years, 6 per cent on the $3,000,000 stock and principal and interest of
the bonds being guar, by P. & L. Erie and Lake Shore A M. So. Cos., the
guarantees being endorsed on tlie share certificates and
earnings in 1885, $587,723; net, $320,270; paid interest
bonds. Gross
and dividends.
$359,173; deficit, $3*,903. Gross earnings in 1886 f641,838; net.
$367,042; paid interest and dividend, $360,380; surplus, $661. W. C.
Quincy, President, Pittsburg, Pa.
Pittsburg Paines ville Sc Fair port.—Owns from Fairport. O.,
to Youngstown, O., 62 miles. Leased in Deo., ’86 to the Pittsburg &
Western the 52 miles from Fairport to Niles, and in 1887 the rent ilnder
of the road was leased in perpetuity to the Trumbull A Mahoning,
rental being cmnmut-d in adxanoe. The Paiuesville A Mahoning RK.
was sold In foreclosure June 3,1**6, and P. P. A F. Co. organized. Com.
stock, $800,000; pref., $250,000.
Pittsburg Youngstown Sc AslitabuTa.—This was a consolida¬
tion in Ji.ly, 1887, of the Ashtabula APittsburg, Niles A Alliance. Law¬
rence & Newcastle and New Brighton railroad companies.
'J he line
is 125 miles long, and conueets Ashtabula HarLor with the Pennsyl¬
vania system.
Pittsburg Virginia Sc Charleston.—From South Pittsburg, Pa.,
to Onion town, Pa., 70 miles. The stock is $1,505,000. The bonds and
fl,251,050
stock$252,232.
aie ownedDividends
RR.as earned.
Gross earnings.
of the net,
by the Penn.
are paid
886, $629,104;
Pittsburg Sc Western.—(See Map)—Owns from Alleghany City,
Pa., to New .astle. Pa., 64 miles; Callery June, to Mt. Jewett, 137 m.;
Duck Run Branch, 3 m.; Clarion Branch, 6 m.; other branches, 2 miles
total owned, 212 miles. Leases for 99 years P. C. A Tol., Newcastle
Junction, Pa., to Valley Junction, O., 77 miles, and the Pitts. Paiues. A
Fairport RR., Niles to Fairport, in Ohio, 54 miles; and uses 26 miles
of Cl. Mt. V. A Del. RR., \Kron. O., to Orville. O.: also owns emir*stock of Trum. A Mahon ng RR.. H>*zleton to Niles, O., 13 miles; and of
Pitts. A Nor., 4 miles; total operate*!, 386 miles. Sold in f*»r. closure
June 8,1887, and bought by the N. Y. emurattee; new company organ¬
ized June 25 accoiriug t * plan in Chronicle. V 44. p.
0. stock
authotized is, common. $7,000,*>00, and preferred, $5,000.( 0 ‘. 5 per ct.
non-cumulative; both In $50shares; outsranding Dec., 1887. $6,975,0i’0
and all the preferred. Voting power of stock will be exeroised
common
Port Huron Sc Northwestern—Port Huron, Mich., to East
Saginaw, Midi.. 91 miles; Saginaw Junction to Sand Beach, 58; Port
Austin to Palms, 35 ; Port Huron to Alrnont, 34; total, 218 miles.
In
18ho gross earnings were $3*5.985; net earnings, $lo 1,662; interest
payments, $141,811. In 1887 the roa 1 was to be sold to the Flint A
fere Marquctie, but the sule 'vas delayed by li*igation.
Jobu P. San¬
born, President, Port Huron. Mich. (V. 45, p. 696 )
Port Jervis Montlcello AN. Y.—Owns from Pm*t Jervis,
N,
Y., to vlouticello. N. Y., 24 miles. Was sold in foreclosure July 16, 1875,
and again sold ou’ in Nov., l^S-, and then reorganized under present
title.
Extension Huguenot to Suramitville. in progress II. R.
Low,
Middletown, Prest. In l*85-*6, gross, $10,720; net, $1,944.
Port Royal Sc Augusta.—Owns from Port Royal, 8. C., to Augus¬
ta, Ga.. 112 miles. Leased iu Sept., 1883, the Augusta A Kuoxville
road,
Augusta, Ga., to Greenwood, S. O.. 68 miles, for 99 years, at 4 per cent
on stock of $127,639, and assuming the bonded debt.
Formerly Port
Royal Railroad. Defaulted Nov. 1, 1873, and receiver appointed May 9,
1875. Sold iu foreclosure June 6, 1*78, and purchased for the bond¬
holders, who organized this company. The Georgia Railroad was en
dorser on $500,000 of the old bonds. The stock is $750,000, and In
June, 1881, a controlling interest was purchased by Central Georgia RR.
Port Royal Sc West Carolina.—Owns Augusta, Ga.. to Soar
tan burg, 8.
Laurens to Greenville, S.
and McCormick to Ander¬
son, S. C.. 229 miles.
A consolidation of the Augusta
Knoxville,
Greenwood Laurens A Spart., Savannah Valley and Greenville A
Laurens in 1886 with common stock of $1,234,000 and 6 per oent non-
omnulative i*ref. stock $1*4,000. Central RR. of Ga. owns $*,578,000
of the above bonds. *694.000 com. stock and aH the pref.
In year end¬
ing June 30, 1887, gross earnt gs were $273,446; net, $13,177; deficit
under interest,
$32,884.
See V. 45, p. 643.
Portland Sc Ogdensburg.—Owns from Portland Me., to Fabyans,
91 miles, it reaches the Vermont Division (now St. Jolinsbury A Lake
Champlain) by using 14 miles of the Boston Concord A Montreal RR.
and a 3-milc link of its own. The city of Portland owned a
controlling
interest in the stock, $1,052,186, and $1,356,000 of the consol, bonds.
In March, 1884, a foreclosure suit was begun ami a plan of reorgani¬
zation was stated in V. 41, p. 421. Iu June, 1*86, the new
company
was organized as the P. A 0. Railtc ty Company.
In year ending Sept. 30. 18*7, gross earnings $353,566; net over
expanses ano taxes, *81,104;'surplus over interest, $67,886. Gross in
1885-86, $361,376; net, $121,782. V. 45. p. 743; V. 46, p. 102.»
Portland Sc Rochester.—Owns from Portland, Me., to Roches¬
ter, N. H., 53 miles. The. old company was put in the bauds of a
Receiver February, 1877. Foreclosure suit was begun, but a settle¬
ment was made in 1881 by which all the old stock ana bonds were con¬
verted into the stock of the new Co. In Nov., ’85, a lease to the Boston
& Maine was made for 50 years.
Hi year ending Sept. 30, 188 7, gross
earnings were $197,597; net, $13.0 '2; surplus over 6 per cent divi¬
dend, $8,127 Iu 1880-6. gross, $191,503; net, $42,594. (V. 43, p. 717.)
Portland Saco Sc Portsmouth,- Portland, Me., to Portsmouth,
It was leased May 4, 1871, in perpetuity to the East¬
ern Railroad, Mass., at 10 per cent on stock.
Lease rental changed
May 21, 1877, and now 6 per cent. The Boston & Maine Railroad
leased the Eastern in 1884 with all its leased roads till 1927.
N. H., 51 miles.
Portland Sc Willamette Valley.—Line of road from Portland,
Or., to Dundee, 28*3 miles, connecting with Oregonian Rai.road, with
which it has a freight contract for 15 years. Bonds may be redeemed
at 105.
Stock. $150,000.
Portsmouth Sc Dover.—Portsmouth, N. H., to Dover, N. H., 11
miles. Queued February 1, 1874, aud leased for 50 years to Eastern
of New Hampshire at 6 per cent per annum on the stock.
Operated
now bv Eastern (Mass.)
Frank Jones, President, Portsmouth, N. H.
Portsmouth Great Falls Sc Conway.—Owns from Conway
Junction, Me., to North Conway, N. H., 73 miles. The Eastern Railroad
in Massachusetts has made a lease of the road for 60 years from Deo.
1,
1878, with a guaranteed rental of $45,000 a year, which pays 4hi per
cent ou $1,000,000 bonds, and the stock is to receive the same dividend*
as the stock of the lessees.
Leasees own $551,300 stock.
INVESTOR’
SUPLEMNT.
[Voi,.
XLVL
STOCKS
RAILKOAD
January, 1888. J
For
Miles
Date
of
of
Road. Bonds
explanation of column headings, &c., see notes
on first page of tables.
Richmond dk Alleghany—1st mortgage, gold
Second mortgage, gold
Richmond cC Danville—3d mort. (consol, of 1867)..
General mort., gold (for $6,000,000)
Debenture mortgage bonds, cumulative
Consol, mort., gold ($15,000 per mile)
Piedmont branch, 1st mortgage
Northwestern, N. C., 1st mort., guar
—
Richmond York River & dies., 1st mortgage
do
do
2d mortgage
do
do
Stock guar.fi p.ct|
j
Wash. Ohio & Western—1st mort
Rick’d Iredencksburg <£. Potomac—Bonds, ster... ..'
Convertible bonds
252
252
141
141
48
29
38
38
....
•
•
•
or
Par
.
m.)...
1st sinking fund mort., Wat. A R. (extended)
1st mort., sink fund (2d mort. on 91 miles)
2d mort. (3d mort. on 91 miles)
Consol, mort., (extended July, 1882, at 5 p. c.).e'
Syracuse Northern (gold)
$1,000
$4,982,000
1,000
lOO&c.
4,000,000
617,300
1,000
1,000
4,878,000
3,556,000
1,145,000
500,000
1,000
1,000
500,000
1,000
1,000
400,000
400,000
•
.
.
.
•
•
•
.
.
•
1,000
100
113
91
113
25
656
97
190
190
....
1878
1885
18S6
1855
1861
1872
409
1874
45 j 1871
!
;
Payable
7
6
6
6
6
5
8
6
8
6
3
4
5
381,000
40,000,000
5,000,000
7,637,000
552,200
1,500,000
25,000
150.000
5,000
100
100 Ac.
500 Ac.
450,000
375,000
7,153,300
418,100
1,021,500
1,000
1,000
1,000
1,000,000
7,060,000
500,000
gg.
g.
g.
g.
5, 6,7
8
6
150,000
300,000
1,000,000
1,000
....
When
Cent.
172,720
• •
100
500 Ac.
100
100
1887
.
Rate per
1,250,000
57,327
....
1875
3*2
6 A 7
2>e
6 g.
3
2»a
10
6
6 g.
3*2
6
7
7
5
7
200,000. Central Trust Co. of N. Y. is mortgage trustee. Five p. c. of
earnings each year accumulates as a sinking fund; bonds purchased,
not drawn, at 110.
T. S. Bullock, President, 42 Wall Street.
net
Providence Sc Springfield.—Providence, R. I., to Pascoag, 23
miles. It was proposed to extend the road to Springfield, Mass., 80 miles.
Stock is $517,150.
hi year ending Sept. 30. 1887, gross earnings were
$109,658; net, $43,092; interest, $34,452; extraordinary expenses, $13,824.
In 1885-86, gross earnings, $102,563; net, $38,032; interest,
$34,890.
"Providence Sc Worcester.—Owns from Providence, R. I., to
Worcester, Mass., 44 miles; branches, 7 miles; total operated, 51 miles.
In year ending Sept. 3j, 188 .'. gross earnings were $1,270,828; net,
$438,977; surplus over interest a,nd dividends (9*2 percent), $107,267.
In 1885-86 gross, $1,245,711; pet, $371,507.
(V. 43, p. 607, 738; V.
45, p. 673.)
A
A
A
A
A
leased, Buckingham RR., New Canton toArvou, 4 miles; Valley RR. con
nection, 2 miles; total, 256 miles. The company was chartered Feb. 27
1879, and acquired by purchase the properties and franchises of the Janies
River At Kanawha Canal Co., and the Buchanan A Clifton Forge Railway;
Co., including water rights on James River and terminals in Richmond;the cost of these in stock and cash was $6,588,609.
The stock is $5,000,000, and car trust certificates for $331,000 and
Manchester City and improvement bonds for $107,000 were outstand¬
ing Sept. 30, 1887. In May, 1883, default was made, and on June 23
receivers were appointed. Decree of sale is expected scon.
The plan of reorganization as changed in March, 1887, proposed that
the new securities be $6,000,000 5 per cent firsts; $5,000,000 pre¬
ferred stock, and $5,000,000 common. In 1888 24 per cent interest
will be paid on the bonds and 5 thereafter.
The present lsts will get
100 per cent in new firsts, 37 per cent in preferred stock and 30 per ct.
In common stock. The 2ds get 534i per cent in preferred stock and the
common stock gets 70 per cei t in new common, having paid 10 per cent
assessment in all, including $2 10 already paid.
Earnings from opera¬
tions for three years ending Sept. 30 were:
1884-85.
1885-86.
1886-87
Gross earn’gs, inch rents, docks, Ac.
$615,850
$597,048
Operating expenses
404,918
438,350
457,954
$589,5bi
Net earnings
$158,698
$184,673
$157,896
—(V. 44, p. 58, 119, 435, 495; V. 45, p. 791.)
Richmond Sc Danville.—(See Map.)—The main line Is from Rich
mond, Va., to Danville, Va., 141 miles; branches, 12 miles; Danville,
Va., to Greensboro, N. C., 47 miles; Salem Junction, to Salem, 25 miles.
The whole system operated is given under the R. A W. P. Terminal Co.
In April, 1886, the Virginia Midland RR. w >s leased for 99 years, and
the Columbia A Greenville, Charlotte Columbia & Augusta, and Western
North Carolina also leased for 99 years. Tho Piedmont RR. is virtually
owned and the Northwestern North Carolina also owned. The Rich.
YorkR. & Chesapeake, is leased in perpetuity. The Washington Ohio A
Western RR., Alexandria to Round Hill, Va., 50 miles, was leased Oct.
31, 1886, for 999 years, and bonds guaranteed.
In Nov., 1886, negotiations led to a saleof a large majority of the R. A
D. stock to the Terminal Company, which then became the principal
corporation, and afterward, in Feb., 1887, exchanged its own stock for
the R. Ac D. stock in the proportion of four shares of Terminal for one of
Richmond'* Danville. The R. A D. stock ($5,000,000) was mostb taken
thus and held by the Terminal Co.
The total authorized issue of general mortgage bonds is $6,000,000,
of which part is reserved to take up prior Liens and the Piedmont RR.
Stocks— Last
Dividend.
and by
April 1, 1927
Oct. 1, 1936
July 1, 1888
J. A
M. A
J. A
J.
Last paid Jan., 1883.
N. Last paid Nov., 1882.
N. N. Y., Central Trust Co.
J.
do
do
0.
do
do
O.
do
do
0.
do
do
0.
Richmond.
J.
do
N.
do
J.
J.
J.
J.
M.
J.
M.
A
A
A
A
A
A
J.
London.
J.
Richmond, Office.
J. Phil.,Townsend W. A Co.
N.
Richmoud, Otlioe.
J
Richmond, Office.
N.
do
do
1901
1895 A 1901
1890
1901
Jan. 3, 1888
J.
F.
J.
J.
J.
J.
J.
F.
M.
J.
J.
A.
J.
A
A
A
A
A
A
A
A
A
A
A
A
A
J. N. Y., Central Trust Co. Jan. 3. 1888
A.
do
do
Feb. 1,1897
J. NT.Y.,byN.Y L.E.AW.Co
Jan. 2, 1888
J. N. Y., Corn Exeh. Bank.
Jan. 1, 1888
J.
do
do
Jan. 1, 1900
do
do
J.
Jail. 1, 1925
D.
Not paid.
Dec. 1. 1926
N. Y. Office, 5 Pine St. Feb. 15, 1888
A.
S. N. Y., Central Trust Co.
Sept. 1, 1910
do
D.
do
Dec. 1. 1891
J.
do
do
Jan. 1, 1892
do
do
O.
July 1, 1922
do
do
J.
July, 1901
A
A. A
A. A
•
July 1, 1920
May 1, 1916
May 1, 1890
1915
1902
Jan. 1, 1894
Nov. 1, 1900
Jan. 2, 1888
May
1, 1915
cent April, 1887, and a proposal was
to them in exchange for these coupons 2
made to the holders to issue
4 per cent in new consol, mort.
5 per cent gold bonds. The consolidated gold mortgage of 1886 was
issued for an authorized amount of $11,220,000 to take ,up the gen. mort¬
gage bonds, the debentures and their overdue interest, and the North¬
western N. C. RR. bonds, guaranteed. Also further Issues at $15,000 per
mile can be made to retire bonds of leased lines.
(See V. 43, p. 275.)
From Oct. I to Dec. 31 in 1887 (3 mouths), gross earnings were $1,408,429, against $1,224,356 in 1886; net, $737,357, against $600,802.
The annual report for the year ending Sept. 30. 1887, was published
iu the Chronicle, V. 46, p. iOO, containing the following:
1886-87.
Total
receipts
Operating expenses
receipts
1885-86.
1884-85.
$4,355,161
2,287,857
$4,012,028
2,121,553
$3,999,147
2,231,486
$2,067,304
$1,890,475
$1,767,661
INCOME ACCOUNT.
Reading Sc Columbia.—Owns from Columbia to Sinking Springs,
Richmond Sc Alleghany.—Owns from Richmond to Clifton Forge
230 miles; branch to Lexington, 19 miles; dock connection, 1 11910’
Where Payable,
Whom.
Bond 8—Prlnol-
pal,When Due.
bonds. The interest on' the Debenture bends was strictly cumulative and
they carry unpaid the coupon of Oct., 1883, and all since, making 24 per
Net
Pa., 40 miles; branches, 16 miles; Lancaster A Reading Railroad,
leased, 15 miles; operates Marietta Junction to Chickies, 6'miles; total
onerated, 77 miles.
Stock, $958,268.
The road is controlled and oper¬
ated by Philadelphia A Reading, but accounts kept separate. Default
was made in 1886-7 in the payment of interest on the debenture bonds
to the amount of $60,000. The first mort. 7 per cent bends due 1882
were extended 30 years at 5 per cent, ami the 2d 7s due 1884 were ex¬
tended twenty years at 5 per cent. Gross earnings in 1884-85, $356,108; surplus, $76,362; 1885-86, gross, $382,358; surplus over interest,
Ac., $66,965.
Rensselaer Sc Saratoga.—Owns from Albany to Lake Cham
plain, N. Y., 79 miles; Troy to Waterford Junction, N. Y.6 miles
Whitehall. N.Y., to Cast let on, Vt., 14 miles; Eagle Bridge to Rutland
Vt., 62 miles; other, 2 miles; leased; Ballston to Schenectady, 15
miles; Fort Edward to Caldwell, 15 miles; total opeiated, 192
miles.
It was a consolidation of several linos, and the Delaware A
Hudson Canal Co. leased the whole March 1, 1871, at a rental of 8 per
cent on the stock and interest on the bonds.
In tile fiscal year end¬
ing Sept. 30, 1886, the payments by the lessee company for rentals were
$885,187, leaving a surplus of $14,891. In 1886-87, gross, $2,400,307;
net, $808,588; deficit under fixed charges, $141,609. From April 1 to
Sept. 30 in 1887 (6 mos.) gross earnings were $1,380,356, against $1,308,119 in 1886; net, $559, 186, against $614,366; surplus over charges,
$28,241, against $91,529. (V. 45, p. 180, 614, 857.)
J.
M.
M
J.
A.
A.
i
Prescott Sc Arizona Central.—Owns from Prescott Junction on
the Atlantic APacific RR. to Prescott. Arizona, 73 m les. Stock, $1,-
discovered In these Tables.
any error
497,000
•
....
....
r
rj
Outstanding
•
.
....
j
Value.
....
•
....
Coupon bonds of 1890
j
Coupon bonds of 1901
j
25
Richmond & Petersburg—Stock
j
25
Consol, mortgage ($50,000 are 7s)
j
4,352
Richmond <£ TFesf Pt. Ter. K. & II. Co.—Stock
Preferred 5 per cent stock, cumulative
j
Collateral trust bonds, gold (payable at 105>—c*l
18
Roch.dk GeneseeVal.— Stock, 6% rental N.Y.L.E.A W.j
Rock Island & Peoria—Stock
1st mortgage
:
Consol. 1st mortgage
Rome dk Decatur—1st mort., go’d ($15,000 p.
Rome Watertown <£• Ogdens burg— Stock
Amount
1,000
....
97
INTEREST OR DIVIDENDS.
Size,
1880
1881
1867
1874
1882
1886
1868
1873
1873
1880
....
BONDS.
Immediate notice of
Subscriber* will confer a great favor by giving
DESCRIPTION.
AND
1886-7.
Net revenue for the year
Interest on debt, rentals,
$2,067,304
Ac... *1,482,517
1885-6.
$1,890,475
*1,467,658
1834-5.
$1,767,661
*1,483,097
Balance over all charges
$584,786
*
The int. charge on debentures is included
$422,817
$284,564
here iu full, though uot paid.
-(V. 43, p. 73. 163, 275, 516, 548, 635, 717, 738; V. 44, p. 185, 308,
335, 435; V. 45, p. 821, 857; V. 46, o. 100.)
Richmond
Fredericksburg Sc Potomac.—Owns from Rich¬
mond, Va., to Quantico, 82 miles. In November, 1881, there were
voted dividend certificates for $755,039 to be issued to holders of com¬
mon stock (70 percent on each share), to represent money spent on
the property out of earnings, and afterwards a similar issue on guaran¬
teed stock. The common stock is $1,030, 100; guaranteed stock, $500,400 (7 per cent except $19,300guar. 6 per cent), and “dividend obliga¬
tions” $1,070,800. There are also $83,363 7 per cent debt certifi¬
cates due in 1899, and $53,512 5 per cent certificates duo in 1902.
Dividends of 6*2 per cent paid on common stock out of profits of 1887.
In year ending Sept. 30, 1886, gross earnings were $505,412; net,
$233,876; interest and guaranteed dividend charges, $85,204. In 183687 gross earnings, $537,5*22; net, $253,636; interest and guaranteed
dividend, $83,209; surplus, $170,336. (V.43, p. 670; V, 45, p. 696,
8 5 5.)
Richmond Sc Petersburg.—Owns from Richmond to Petersburg,
Va., 23 miles; branch, 2 miles; total, 25 miles. The road has earned
moderate dividends and the debt account is very small.
Ia year end¬
ing Sept. 30, 1887, gross earnings were 8224,389; net, $96,014; total
ner income, $101,927; surplus over iutcrest and dividends (6 per cent),
$21,317. In 1885-86 gross earnings, $207,454; net, $95,598. (V.43,
p. 717; V. 45, p. 793.)
Richmond Sc
West Point Terminal Railway Sc Ware¬
house Co.—(Nee Map.)—The mileage controlled and operated in Nov.,
1887, was as follows:
Richmond & Danville System.—Richmond* Danville and Piedmont
RR. and branches, 208 miles; Riehm’d York River * dies. RR., 39 m.;
Northwestern No. Carolina RR., 25 m.; No. Carolina RR. and State Uni¬
versity RR., 232 m.; Atlanta * Charlotte Air Line R’way and branches,
28S 111.; Virginia Midland R’way, 413 m.; Wash’ll Ohio & West’n RR.,
50 in.; Wcst’11 No. Car. RR., 290 in.; Char. Col. & Aug. RR. and leased
lines, 373 m.; Col. & Greenv. RR., leased lines and branches, 296 m.;
Asheville & Spartanburg RR , 70 m.; Knoxv. & Ang. RR., 16 m.; Rich.
& Mecklenburg RR., 31 in.; Georgia Pac. R’way, 401 m ; Northeastern
RR. of Georgia, 61 m ; Statesville & Western, 20 m.; Oxford * Hender¬
son,
16
East
m.;
total Richmond & Danville system, 2,894 miles.
Tennessee
Virginia
&
Georgia System.—(See East Tenn.
Virginia & Georgia for details.)—Total East Tenn. system, 1,603 miles.
Grand Total of all Mileage, 4,497.
This company was incorporated by an act of the Legislature of Virginia
of March 8, 1880.
It was the auxiliary corporation of the Richmond &
Danville RR. Co., controlling several stocks by ownership of a majority.
I11 November, 1886, tlie Terminal Company purchased a large major¬
ity of the R. A D. railroad stock, and a new board was elected. It waa
voted in December to issue $5,000,000 of pref. Terminal stock, secure
by the deposit in trust of 25,000 shares of R. & D. stock; and afterwar
the common stock was increased to $10,000,000. Li Jan., 1887, $6,500,000 of the East Tenn. Va. & Ga. first pref. stock was bought, giving con¬
trol of that Co. for five years (unless 5 per cent dividends per annum
are paid on that stock for two years), and $1,760,900
of Richm. *
Danv. stock was taken. See terms of this negotiation iu V. 44, p. 119.
See V. 43, p. 635.
The report in Nov., 1887 (V. 4*5, p. 821), showed that the Richmond
& West. Point. Ter. R. A Wareh. Company then owned the following
stocks, viz.: Of its own stock, $28,633 pref. and $465,250 common;
also, $4,261,000 of Rich. & Danv. HR. stock: $6,500,000 (*$6,000,000
pledged), of East Tenn. Va. & Ga. 1st pref.; $2,611.650 Rich. A Danville
Extension Co..; $25,000 of Am. Construction Co.; $120,000 Northeastern
Railroad of Georgia; $3,168,300 Western North Carolina Railroad
common and $3,168,300 pref.; $100,000 Knoxville & Augusta Railroad;
$1,302,400 Charlotte Columbia * Augusta RR.; $3,577,333 Virginia
Midland Railway (of which $3,100,000 1 lodged); *$1,000,000 Columbia
RAILROAD
January, 1888.]
STOCKS
ANT)
BONDS.
9*
Subscribers will confer a great favor by giving immediate notice of any error discovered in tbese Tables.
DESCRIPTION.
explanation of column headings, Ac., see notes
on lirst page of tables.
of
Road
Rutland—Stock, common
Stock, preferred
General mort. (8 per cent, reduced to 6)
New 2d mort. in excli. for equipment bonds, Ac.
Sacramento £ Placerville -1st mortgage (S. V. RR.).
1st mortgage (S. & P. RR.)
Saginaw valley £ St. Louis.—1st mortg., coup
St. Johnsbury £L. Champlain—1st M.,coup. or reg.
Consolidated mortgage (for $1,000,000)
St. Joseph £ Grand Island—Stock
1st mort., gold, interest guar, by U. P
2d mortgage, income
Bonds on Kan. C. A Om. RR. ($15,000 per mile)..
St. Joseph £ St. Louis—Stock
135
For
'
St. Louis Alton £ Terre Haute—Stock
Pref. stock (7 cumulative), convertible
1st mortgage (series A) sinking I’d. j r„n„An. nr
1st mortgage (series B) sinking f’d j
2d mortgage, preferred (series C)..
hv ,
2d mortgage,preferred (series D).. | ° l T
!
2d mortgage, incomes
J
Dividend bonds, income not cumulative
Belleville & Carondelet, 1st mort
Chic. St. Louis A Paducah, 1st mort., gold, guar..
1
120
120
“48
36
120
252
252
135
76
381
381
207
207
207
207
cuaol 'em 11
r
17
58
58
2d mortgage, income (noil-cumulative)
St Louis Arkansas £ Texas—Stock
j
lsr M., gold ($13,000 p. in.)
C*:
2d M. (income till ’89), gold, ($13,000 p. m.)—c *.
St. Louis £ Cairo— 1st M., income (not cumulative)
1st mort., guar., M. & O. (for $4,000,000)
St. Louis £ Chicago.—1st mort.. g. ($20,000 p.m.)c*
St. Louis £ Hannibal— 1st mortgage ($000,000)
!
j
,200
,200
Date
of
.
Bonds
1872
1878
1855
1877
1872
1880
1884
1885
1885
1887
®
rm
«
«
e
1862
1862
1862
1862
1862
1881
1883
18S7
58
1886
1886
733
144 1 1881
161 I 1886
70 ! 1887
188(5
85
or
Par
Amount
Value.
Outstanding
$100Ac.
$2,480,600
4,000,000
1,500,000
1,500,000
400,000
100 Ac.
1,000
1,000
1,000
1,000
1,000
446,000
i",ooo
1,000
1,680,000
500 Ac.
100
100
100
2,025,000
923,000
2,300,000
2,468,400
1,000
875,000
500Ac.
689,000
1,400,000
1,400,000
1,7.00,000
1,357,000
1,000
1,000
500Ac.
•
•
Rate per
Cent.
700,000
628,000
400,000
4,600,000
7,000,000
•
•
1,000
485,000
1,000
1,000
1,000,000
100
15,356,000
15.600,000
9,529.000
2,600,000
1,000,000
1,000
1,000
1,000
500 Ac.
1,400,000
1,000
1,400,000
370,000
75 cts.
6
5
10
6
8
Is-
T*
5
3
When
Payable
F.
M.
F.
J.
J.
M.
A.
&
&
&
A
A
A
A
A
N.
A.
J.
J.
N.
O.
Where Payable, and
Whom.
pal,^When Due.
Stocks—Last
by
Dividend
Aug. 1,1887
.
Q.-J.
Bost.,Columbian N. Bk.
Nov. 1, 1902
1898
1875
1907
do
do
N.Y.,So.Pac.Co.,23 Br’d
do
do
Bostou, C. Merriam, Tr.
Bost., Am. L. A Tr. Co.
May 1, 1902
Boston.
April 1,1914
.
M. A N. N.
J. & J.
J. & J.
Oct. 1, 1910
Y., Central Trust Co,
do
do
May 1, 1925
July 1, 1925
do
do
Jau. 1,
1927
April, 1884
’
2ifl
7
7
7
7
7
6
6
5 g.
5
'eg.
<> s5 g.
4 g.
6 g.
7.
J. A J.
A. A O.
F. A A.
M. A N.
M. & N.
June 1
J. & D.
M. A 8.
N. Y.,Office 34NassauSt.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
May 1. 1886
July, 1894
July, 1894
1894
1894
1894
Jan. 1, 1894
June 1, 1923
Sept. 1, 1917
Sept. 1, 1917
M. & N. N. Y., Central Trust Co ! May 1, 1936
F. & A 1st coup, due Aug. 18^9; May 1, 1936
A. A O. New York or Loudon, j
1921
J. & J. N. Y,, Farmers’ L. & Tr. Jan. 1, 1931
Jan. 1, 1927
T. A
J. A
1936
J.j
J‘l
I
& Greenville RR.; $49,000 Dan. Mock. & So. W. RR.: $300,000 Rich¬
mond A Mecklenburg RR.; $103,900 Rabun Gap Short Line; $4,048,058 Georgia Pac. Railroad; $1,500,000 Wash. O A West ; $1,045,229
Asheville A Spartanburg; $100,000 Statesville A Western RR.; $325,000
Oxford A Henderson RR.; $47,900 Green Construction Co.; other stocks,
Bonds—Princi¬
INTEREST OR DIVIDENDS.
Size,
New York.
i
for 20 years, but the lessee became insolvent, and finally a modification
of the lease was made, giviug $250,000 per year as a minimum rental
and $8,000 for organisation expenses. The 5 per cent 2ds are a first
mortgage
on
rolling stock and personal property.
In Nov.. 1887, the
Del. A Hudson ( anal purchased control or the stock. The annual report
for 1886-87 with income account was in V. 45. p. 112.
(V. 45, p. 112,
$$251,100; and the following bonds: $100,000 Knoxville & Augusta
1st mortgage 6 per cents; $569,700 Spartanburg A Asheville 1st mort. 643, 744; \r. 46, p. 38.)
6 per cents; *$1,325,000 Western North Carolina 1st consol, mort. and
Sacramento 4c Placerville.—Owns from Sacramento, Cal., to
*$4,110,000 2d mort.; *$2,763,908 Virginia Midlands per cent general Shingle Spriugs, Cal. 48 miles. This was a consolidation of the Sacra*mort.; $315,000 Northeastern of Georgia general mort.; *$1,778,155 mento Valley and the Folsom A Placerville railroads, April 19,
1877,
Georgia Pacific 2d incomes; $379,000 Georgia Pacific accrued coup-ns Capital stock, $1,756,000. Leland Stanford, President, San Francisco.
of income bunds; $299,000 Blue Ridge RR.; $7,300 miscellaneous county
Saginaw Valley 4c St. Louts.—Owrns from Ithaca to Pains, 36
and township bonds; $625,000 Wash. O. A West. '6 per cent income
miles, and
bonds; $85,000 Georgia Pacific equip, trust bonds; $195,800 Oxford & 45 miles. leases Alma, to St. Louis and Pains to Saginaw. 9 miles; total,
Opened January, 1873. Capital stock, $264,804. In 1886,
Henderson 6 per cent 1st mort.; $300,000 Statesville & Western 1st
In 1885, gross, $74,941;
mort.; $160,000 Richmond A Mecklenburg 6 per cent 2d mort. Total gross earnings were $90,131; net, $7,848.
In July, 1879, manage¬
securities owned as above, $12,013,043 bonds, $9,697,933 pref. stocks net, $22,909; interest payments, Ac., $35,680.
was transferred to the Detroit Lans. A No.
and $2,115,570 common stocks; grand total. $46,511,096. Of these, ment
St. Jolmsbury 4c Lake Champlain.—Owns from Lunenburg
$21,576,355 (including those marked with a star) wi re deposited with
the Central Trust Co. of N. Y. as security for tlio $8,500,000 of its col¬ Vt., to Maintain Bay, on Lake Champlain, 120 miles, and branch from
lateral trust bonds outstanding; those bonds may be redeemed on notice No. Concord, Vt., to East Haven, 11 miles; total, 131 miles. This was
the Portland A Ogdensburg, Vermont Division, and was reorganized
at any time at 105.
See abstract of mortgage, V. 45, p. 575.
In 1887 paid lirst dividend, 2*2 per cent, on preferred stock. The under this title in 1880. Preferred stock, $1,298,500; common stock,
prices of common stock have been as follows: In 1881,122*174^; $2,550,000. In March, 1884. voted to issue the consolidated bonds, of
iu 1882, 23*263; in 1883, 21®39; in 1884, 12*32: in 1885. 18Sg* which $600,000 are reserved to take up its first mortgage bonds.
43^4 ; in 1886, 27*4a7714 ; in 1887, 20%®53; in 1888, to Jau. 20, incl., Operated by Boston A Lowell as its Vermont Division, and all but $41,221e*2378, Pref. iu 1887, 43*87*2; in 1888, to Jan. 20, incl.. 55*57. 000 of the 5 per cent bonds issued are held by that company.
The net earnings of a large part of the system are given in V. 46, p. 100.
St. Joseph 4c Grand Island. — (See Map of Un. Pac.)—Line of road
The annual report for year ending Nov. 30, 1887, was given at length 8t.
Joseph, Mo., to Grand Island, Neb., 252 miles; Fairfield to Alma, 85
in V. 45, p. 821. (V. 44, p. 22, 91, 119, 149,2(14, 212, 309, 343,401.435,
miles, total, 338 rn. This company was organized in June, 18s5, as suc¬
459, 752; V. 45, p. 575, 821, 857.)
cessor of the St. Joseph A Western, soldiu foreclosure, and includes also
Rochester 4c Genesee Valley.—Owns from Avon to Rochester the Hastings A Grand Island RR. and the bridge at St. Joseph. The
N. Y., 18 miles. This road "was leased July 1,1871, in perpetuity, to road is operated by the Union Pacific, which company guarantees the
Erie Railway, and now operated by New York Lake Erie A Western. interest on the first mortgage bonds. In 1886 gross earnings were $1,169,425; net, $506,962; def. under interest, Ac., $9,172. James H. Bene¬
Rental, $34,012. James Brackett, President, Rochester. N. Y.
Rock Island 4c Peoria.—Owns from Rock Island, TIL, to Peoria, dict, President, New York. (V. 44, p. 23, 60, 185, 300, 466, 527; V. 45,
Ill., 91 miles ; Rock Island A Mercer Co. Rlt., 22 miles ; total, 213 miles. p. 113; V. 45, p. 614, 673.)
The Peoria A Rock Island was sold in foreclosure April 4, 1877,
St. Joseph 4c St. Louis.—St. Joseph, Mo., to No. Lexington. Mo.,
This was the successor to the St. Louis A St. Joseph
the bondholders becoming the purchasers.
In year ending June 30, 76 miles.
1887, gross earnings were $457,606 ; net, $164,683; surplus over 5 per Railroad, sold in foreclosure February 8, 1874. The St. Lords Kansas
cent dividend, $47 683; paid for construction and equipment, $33,528,
City A Northern had a lease of the road, but in July, 1886, the road
Gross in 1885-86, $495,867; net, $113,008; dividend paid, 5 per cent.
Winslow Jmlsoii, President, St. Joseph, Mo.
went back to its owners.
Rome 4c Decatur—Road in progress from Rome, Ga., to Decatur, —(V. 43, p. 103 ; V. 44, p. 149; V. 45, p. 614.)
Ala., 145 mi es. of which 25 miles from Rome are finished.
It is
St. Louis Alton 4c Terre Haute.—Owns from Terre Haute,
bonded at $15,000 pt-r mile standard gauge road. The bonds were rrni., to East St. Louis, 193 miles; proprietary line, East St. Louis to
offered in New York by Grovesteen A Pell, and when they suspended in Belleville, 14; leased lines—Belleville A Southern Ill. RR., 57: Belleville
1887 work ceased.
It. T. Dorsey, of Atlanta, is receiver. Plans for A Eldorado road, from Du Quoin to Eldorado. 50; Belleville A Caronissuing certificates and completing the road have been proposed. (V. delec RR., from Belleville to East Carondelet, 17; St. Louis Southern,
Carbomlale to Marion, 50: total, 3sl miles. This company was a reor¬
45,p. 341, 438, 573,614,744, 857.)
Romo Watertown A: Ogdensburg.—(-SV3C Map.)—From Niagara ganization, Feb. 18, 1861, of the Terre Haute Alton A St. Louis RR.
Falls to Massena .Springs, 301 miles; Lewiston Junction to Lewiston, 3*2 The Bellev. A So. Illinois is leased to this company for 999 years from Oct.
miles; Syracuse to Pulaski, 37 miles; Richland to Romo, 41 miles; 1, 1866, and the Bellev A Carondelet for 983 years from Jan., 1883, at
Watertown Junction to Cape Vincent, 24 miles; DeKalb Junction to a rental of $30,000 per year, which is a guarantee of int. on the bonds;
stock of $500,000 is owned by tire St. Louis A. A T. H. The St. Louis
Ogdensburg, 19 miles; Rochester to Windsor Beach, 7 miles; Wood¬ the
Southern RR. and leased lines, 50 miles, was leased in Deo., 1886, for
ward’s to Oswego, 29 miles; Utica to Ogdensburg, 134 miles; Carthage
The main
to Sacketts Harbor, 30 miles ; Theresa Junction to Clayton, 16 miles; 30 per eont of gross earnings, minimum to he $32,000.
line (St.L. Alton A T. II.) was reused Nov. 1, 1882, to the new Indianap.
total, 642 miles.
The R. W. A O. was a consolidation Oct., 1861, of the Watertown A A St. L. Railway and the Clove. Col. Cin. A Indianapolis jointly. Under
Rome and the Potsdam & Watertown railroads. The Lake Ontario Shore this new lease the rent guaranteed is $450,000, and that amount is all
that is to lie paid unless the gross earnings exceed $1,750,000 in any
Railr oad was acquired January' 15, 1875; the Syracuse Northern, Aug.
1, 1875. The Oswego A Rome was leased January 1, 1866, at 8 per cent year ending Oct. 31, and then 20 per cent is to be paid of the excess of
on stock and interest on bonds.
The Niagara Falls. Brunch road was gross earnings over $1,750,000.
The Belleville Branch and Extension are operated separately by this
leased Nov. 1, 1881, at 7 per cent on its stock of $250,000.
The Utica A Black River road and branches were leased in April, company. The Belleville A Eldorado was leased for 985 years from
1886, the R. W. A O. guaranteeing fixed charges and 7 per cent per July 1, 1880, at a rental of 30 per cent on the gross earns., but $15,400
per year guaranted. The Belleville A Carondelet is leased at $30,000
annum on the stock.
In April, 1886, the income bonds were offered an exchange of 40 per per annum. The Chicago St. Louis A Paducah road is leased for 980
years at 30 per cent of gross earnings, with guarantee of rental to pay
cent in the 5 per cent consol, mort., due 1922, and 60 per cent in stock,
1st mortgage interest.
and the bonds have been about all exchanged.
Dec. 31, 1886, sinking fund held of tire first mortgage bonds $636,000
From Oct. 1, 1887, to Nov. 30, 1887 (2 mos.), gross earnings, includ¬
ing the Black River, w'ere $595,589, against $548,950 iu 1886; net, and $434,519 cash. Tlie preferred stock has a prior right to a cumula¬
tive dividend of 7 per cent before any is declared on common.
It is
$295,654, against $279,525.
Fiscal year ends .Sept. 30. Report for 1886-7 in V. 45, p. 886. Earn¬ also convertible into common at par; but shall not receive any dividend
as common stock for the time it was held as preferred.
Iu Jan., 1881,
ings were as follows:
the company declared 3 per cent in cash on the preferred stock and
1885-6.
1886-7.
afterward settled the remaining 55 per cent of accumulated dividends
Grose earnings
$3,138,447
$2,406,793
by the issue of income bonds.
"
Net income
$1,319,840
$941,244
The annual report for 1886 was in V. 44, p. 550.
Interest and rentals
The Cairo Short Line Division, including the roads directly operated
$693,480
$919,551
Dividends
276,825 by this company, made the following exhibit:
Total
$693,480
Surplus for year
$247,764
$1,196,376
$123,464
EARNINGS, EXPENSES AND RENT OF LEASED LINES.
Gross
1883.
1884.
1885.
1886.
$832,468
$741,050
406,160
$766,316
397,347
$803,991
408,896
$334,989
203,971
$368,969
203,381
$395,095
214,482
$205,935
$131,018
$165,587
719; V. 44, p 550, 752; V. 45, p. 166, 273.)
$180,613
earnings....
Net earnings
Rent leased roads
Rutland.—Owns from Bellow’s Falls, Vt., to Burlington, Vt., 120
miles; leases Addison RR., 15 miles; total, 135 miles. This road has been
through many changes. It was leased to the Cent. Vermont in Dec.,1870,
-(V. 43.
425,635
Oper. expen. and taxes..
Charles Parsons, N. Y., President.
~(V. 44, p. 91, 119, 244,752; V. 45, p. 113, 212, 240, 401, 509, 540,
886: V. 46, p. 40.)
$406,833
200,897
Set revenue
p.
.
too
INVESTORS’
SUPPLEMENT.
*
[Vol. XLVI.
RAILROAD
January, 1888.]
STOCKS
AND
BONDS
101
Subscribers will confer a great iavor by giving immediate notice ot any error discovered In these Tables.
i
DESCRIPTION.
For
explanation of column headings, Ac., see notes
on first page of tables.
St. Louis Keokuk <£ X. IT.- 1st mortgage, gold.
Income bonds
St. Liouis d. San Irancisco.—Stock, common
—
Preferred, 7 per cent, not cumulative
1st preferred, 7 per cent, not cumulative
1st mortgage (South Pacific), gold, (land grant)...
2d mortgage bonds, A, gold
do
do
B, gold...
do
do
C, gold
Equip, mort., gold, $80,000 dr. ann’lly. at 105.c+
Mortg. on Mo. A West. RR., gold, drawn at 105...
Collateral trust bonds, gold
Bt. Louis Wichita A West 1st mort., gold, guar...
Gen. M., gold (a 2d M. ou 293 miles)
c*
,
Mortgage on branches ($20,000 per mile)
Equipment Trust ($23,000 due each A. A 0 )
Kansas C. A Southw., IstM., gold ($12,000 p.m.).
St. L. Kan. A S. W., 1st M., g. guar.($15,000 p. m.)
Ft. Smith A Van Bur.B’dge, 1st mort.. gold. guar.
St. Louis Salem A Arkansas—1st mort., guar
Kansas Midland, 1st mort., gold, $15,000 p.m. .c*
St. Louis Southern—1st mortg., gold
c*
2d mortg. income, non-eumulat.ive
St. Louis Vandalia <£• Terre Haute— IstM. s. f. guar.
2d mort., sink, fund ($1,600,000 guar.)
St. Paul & Duluth—Preferred 7 p. c. stock A scrip.
Common stock
1st mort. bonds, coup, or reg
Taylor’s Falls A Lake Sup., 1st mort., cp.,guar
Duluth Short Line, 1st mort., c-oup., guar
Miles
Date Size, or
of
of
Par
Road. Bonds Value.
135
135
1,316
1876
1876
m
__
....
m
....
....
293
293
293
233
1868
1876
1876
1876
1880
1879
1880
1879
1881
....
84
100
145
364
55
....
63
55
33
33
158
158
225
225
169
21
25
m
m
m
1888
1884
1886
1886
1885
1887
1887
1886
18*6
1867
1868
m
m
m
$1,000
1,000
100
100
100
500 Ac.
100 Ac.
500 Ac.
500 Ac.
1,000
1,000 1
1,000
1,000
1,000
1,000
1,000
1.000
1,000
1,000
1,000
1,000
210,000
500,000
1886 after the foreclosure of the Texas A St. Louis, consists of two
corporations, the one owning the road iu Missouri and Arkansas and
the other the road in Texas. The stock issued by the Missouri and Ar¬
kansas Company was transferred to the Texas Company, which latter
has issued its own stock for the same. Till 1891 the control of the en¬
tire road is to be vested in the committee, and for this purpose the stock
Is deposited with a trust company. For stock so deposited negotiable
certificates are issued, and designated as “stock trust certificates.”
The new companies issue six per cent 50-year first mortgage bonds
to amount of $13,000 per mile; six per cent 50-year second mortgage
bonds $13,060 per mile, the first coupon payable Aug. 1, 1S89; and
stock $13,000 per mile.
Bonds and stock on extensions are au¬
thorized at the same rate.
The first mortgages of the companies
in Missouri & Arkansas and in Texas are deposited with the Central
Trust Co.; the 2d limi ts, both divisions are deposited with the Mercan¬
tile Trust Co., and each of these trust companies has issued against
these mortgages so held its coupon trust certificates for $1,000 each,
entitling the holder of each class to the security of the mortgages on
both the Mo. & Ark. and the Texas divisions. These are the certificates
dealt in at the Stock Exchange. Stock $15,356,000. 5 For 1887 the state¬
(partly estimated) gave gross earnings $2,675,8 10 ; net, $770,075;
surplus over first mortgage interest, $98,105. Abstract of mortgages,
V. 45, p. 644. (V. 44. p. 91, 149, 459, 651, 681, 808; V. 45, p. 85, 211,
512, 540, 643. 673, S20; V. 46, p. 76.)
St. Louis A: Cairo.—This road extends from Cairo to East St. Louis,
152 miles, with a branch to High Prairie, 9 miles. The former Cairo A
St. Louis made default April 1," 1874, and was sold iu foreclosure July,
1881. Stock is $6,500,000.
In Jan.. 1886, a lease was negotiated for
45 years to the Mobile & Ohio RR. on* the basis'of a rental of 25 per
cent (io0640) of the gross revenue of the whole line, Mobile to St.
Louis, this rental being guaranteed by the lessee to amount to $165,000
per year. The issue ol $2,6o0,000 income bonds was to be retired with
part of the $4,000,000 mortg. bonds, which are guaranteed by tlie M. A O.
St. Louie*
Chicago - (See Map)—Owns from Springfield to Litch¬
field, TIL, and Mount Ol.ve, 70 miles; to be extended iu 1888 to Eureka,
111., to a junction with the new Atchison line. From Litchfield to St.
ment
Louis trains
run over the C. C. C. & I. tracks 57 miles, under a traffic
agreement. Total operated, 127 miles. The mortgage issued in 1887
(Tru-tee, Amer. Loan A Tr. Co., < f X. Y.) was for $4,500,000. 'to retire
$1,000,000 prior bonis and for ext*-ns'ns and improv’ts. (V. 45,p. 705.)
St. Louis &. Hannibal.—Owns from Hannibal, Mo., to Gilmore, on
Wabash St. Louis A Pacific, 82 miles; uses 2*2 miles Missouri Pacifictrack; total operated, 84miles. This company is successor to the
former St. Louis Han A Keokuk, sold in foreclosure Dec. 8, 1885. Tinowners were Mr. Jolm I. Blair and the estate of Moses Taylor
m New York, who became the purchasers.
The stock is $1,000,000 au¬
thorized and $452,000 issued. Gross earnings in 1885, $106,969 ;
operating expenses, $216,049; deficit, $109,081. Gross earnings in *86
were $121,367; net, $ 0,130; surplus over interest, $4,230.
John I.
principal
2b)
3*2
to Chadwick, Mo., 35 m.; Springfield to Bolivar, Mo., 39 m.; Cuba Junct’n
to Salem and branches, 54 m.; total owned, 929 miles; leased, Beau¬
mont to Bluff City, Kan., 105 miles; total, 1,204 miles; the tracks of
the Atchison Topeka A Santa Fe are used from Wichita to Halstead, Kan¬
sas, 25 miles.
This company also operates the finished portion of the
Atlantic & Pacific road. Central Division, from Seneca, Mo., to Sapulpa,
In the Indian Territory. 112 miles; total operated, 1,316 miles.
Organization, Ac.—This company was organized Sept. 20, 1876, as
the Atlantic A Pacific in Mo. The latter embraced the South
Pacific RR. (originally the Southwest Branch of the Pacific RR. of Mo.,
chartered Dec. 25,1852). which was consolidated with the Atlantic A
Pacific road Oet. 25, 1870. The Atlantic A Pacific road and lands were
sold in foreclosure Sept. 8, 1876, and the St. Louis & San Francisco
became possessor of the property.
This company is jointly interested in the Atlantic A Pacific RR. with
the Atch. Top. A Santa Fe, and guarantees one-half the 1st mortgage
bonds severally, not jointly.
In January, 18S6, leased for 99 years the Kansas City A Southwest¬
successor to
RR., from Beaumont, Butler County, Kansas, to Cale, in Cowley
County, 62 miles, at a rental guaranteed to pay the interest on the 1st
ern
Whom.
|J. A J.
J.
Stocks—Last
Dividend.
Jan.
Jau.
A J.
F. A
s;. 'J. A
g- M. A
g. M. A
M. A
g.
g. J. A
g. F. A
F. A
M. A
g. J. A
A.
J.
N.
N.
N.
D.
A.
A.
S.
J.
A.
J.
M.
A.
J.
J.
M.
M.
J.
M.
J.
0.
J
g.
g-
4 g
5
7
7
1, 1906
1, 1906
|A. A O N. Y., Office 15 Broad St. Oct. 31,
g.
g.
g.
A
A
A
A
A
A
A
A
A
A
A
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
Feb.
1*887
10, 1888
July, 1888
Nov.
Nov.
Nov.
June
1. 1906
1, 1906
1.
1.
1906
1895
Aug. 1, 1918
Aug., 1920
Sept., 1919
July 1 1931
A.A0.5p.o. ea.
Jan
1, 1916
Sept. 1, 1916
April 1. 1910
Jan. 1, 1937
D.
June 1, 1937
8. N.Y.St.L. A. A T. H. Co.
Sept. 1. 1931
S.
do
do
Sept. 1, 1931
P.
O.
J.
■
•
•
J. N. Y., Central Trust Co.
N.
N. Y., Third Nat. Bk.
J. N. Y., Fourth Nat. Bk.
3*2
3 A 15 st
do
do
5
F. A A. N.Y., Central Trust Co.
6
J. A J.
do
do
5
M. A S.
do
do
....
Jan. 1,
1897
May 1, 1898
Jau. 5, 1888
July 5, 1887
Aug. 1, 1931
Jan. 1, 1894
Sept. 1, 1916
mortgage bonds.
The bonds ore redeemable on notice at 110. The stock
of the St. L. K. AS. W. (Ark. City to Caldwell, Kan., 47 m.) is owned and
the bonds guaranteed.
In 1887 Kansas Midland R’way (in construction from Wichita, Kane,
to a junction with Union Pac. RR. at Elisworth, about 100 miles) was
leased for 97 years at a rental guaranteed to meet interest on bonds.
Stocks and Bonds.—The first preferred stock has prior right to 7 per
Oent (non-cumulative); then prer. entitled to 7 per cent; then common
entitled to 7; then all classes share in any surplus.
The terms of
the first preferred stock are stated as follows: “This stock is entitled
to a dividend of 7
per cent per annum * * * and by resolution of the
company has priority of lien on net revenues for such dividend over any
mortgage bond that maj* be issued by the company subsequent to tble
creation of .this stock.”
Dividends have been paid on first preferred stock in 1881 and since
at 7 per cent per annum ; and in 188: 2b> per oent was paid on pref.
The range of the stocks yearly since 1877 has been: First preferred In
1878 (4 months), 5i2aill 34; in 1879, 9*®78b2; in 1880. 60® 100; In
1881,
90o>115i2; in 1882, 79*®106bj; in 1883, 87®100b5; in 1884,
in 1885, 79®99b>; in 1886. 97® 118*2; in 1837, 107® 120; in
1888, to Jau. 20, inclusive, HS^o llO.
Preferred stock in 1878, lVS^1-*; in 1879, 4i8®60i2; in 1880. 33®
65; in 1881, 55®8114; in 1882, 43®6tii2; in 1883, 40®59*s; in 1884,
24ic®50; in 1885, 30®4978; in 1886, 37ba3>723fc); in 18*7, 61^®84i*;
in 1888, to Jan. 20, Inclusive, 70*®723g.
Common in 1878 (3 months/, 1*2®4*8; in 1879, 3*eS>53; in 1880, 25*4
®48; in 1881, 39®55; in 1882, 31®467g; in 1883. 20*2®36*4; in 1884,
11*2®29*2; in 1885, 17*25-24*2; in 1886,17®36*; in 18*7, 30544*;
in 1888 to Jan. 20, inclusive. 3558®36*2.
The trust bonds of 1880 are secured by deposit of 7 per cent
mortgage; bonds of the auxiliary roads constructed.
Difference be¬
tween interest of trust bonds and bonds pledged therefor (1 per oent)
goes to purchase trust bonds at 105, but bonds not drawn. The* general
70®96bj;
mortgage of 1881 (supplemented by that of June. 18*2) for $30,000,000
is made to the U. 8. Trust Co. as trustee, and $17,261,000 reserved
to take up all prior debt.
This general mortgage is a ffrsi lien ou new
road, besides covering the mileage on which are the prior liens, and
$5,000,( 00 of 5 per cents issued under this mortgage in 1886 were for
the construction of 185 miles road, including the line from Fort Smith,
Ark., to Texas.
Missouri A Western bonds to the amount of $5,000 a year are pur¬
chased or drawn at 105. St. Louis Wieh. A West, bonds are purchased
drawn at 105 with any surplus rental over interest.
The St. L. Kan A So.Western bonds are issued at $15,000 per mile, and
are redeemable at 110 on any interest day, at fom* weeks’ notice.
The Fort Smith A Van Buren Bridge bonds are guaranteed by the 8t.
L. A S. F. Co., and have a sinking fund of 5 per cent yearly after 1889
to purchase the bonds at 105; they are redeemable also at 110 at co.’s
option. The land department assets were estimated Dec. 31, 1886, at
or
$771,531, including 133,750 acres of land valued at $3'0,004, 1,263
town lots val’d at $35,890, $256,447 in land contr’ets and $120,591 cash*
Operations, Finances, Ac.—The St. Louis A Sau Francisco has been
one of the successful reorganized railroads of the Southwest, and had
made good progress in traffic and income, without very heavily increas¬
ing its annual interest charges.
For 1887 the preliminary-statement in V. 46, p. 76, gave the gross
earnings $6,216,000; net over improvements, $3,251,000: other In¬
come,
$175,000; fixed charges, $2,135,333;
balance net income,
$1,290,665.
The annual report .for 1886. was in V. 44, p. 619, 622.
INCOME
Blair, President
St. Louis Keokuk A: Northwestern.—Owns from Keokuk,
la., to St. Peters, 135 miles; leases Keokuk to Mt. Pleasant, 49 miles.
This road w as foreclosed October 19, 1837, and bought in the interest
of Chicago Burlington A Quincy. (V. 44, p. 782; V. 45, p. 473, 540.)
St. Louis Ac Sail Francisco.— (See map.)— Line of Road—This is
a considerable system of railroads, forming part of a through route to the
Pacific coast. The main line is from St. Louis, Mo., to Seneca, 326 miles;
branches—Granby branch, 2 miles; Oronogo, Mo., to Galeua, 18 miles ;
Girard to Joplin, Kau., 3S miles; Carbon Branch, 3 miles; Pierce City
to Halstead, Kan., 242 m.; Monett, Mo., to Paris, Tex.. 301 in.; Springti’d
pal,^When Due.
Payable, and by
'
6
7,144.500
0
500,000
6
2,766,500
6
2,400,000
7
571,000
6
1,080,000
6
1,224,000
6
2,000,000
12,739,000 5 A 6
5
1,000,000
6
303,000
6
744,000
o
835,000
6
475,000
5
810,000
4
CO
5,376,970
6,000,000
1,000,000
Where
When
j Payable
7 g.
7
9,768,400
1,000
,
Cent.
4,500,000
2,600,000
1,000
1,000
St. Louts Arkansas & Texas.—(See Map.)—Road fr«m Birds
Point, Mo., opposite Cairo, Ill., to Texarkana, Tex., 418 miles, and.
thence by the Texas road to Gatesville, 305 miles; total, main line, 723
miles; branches, Paw Paw Junction to New Madrid, 6 miles; McNeil
to Magnolia, 7 miles; Sherman hianch, 115 miles; Tyler to Lufkin, in
Texas, 90 miles; Corsicana to Hillsboro, Tex., 45 m.; Commerce to Fort
Worth, 105 m.; Louisville, Ark., to Shreveport, La., 66 m.; Altlieiuier to
Little Rock, Ark., 46 in.; total, Jau 1888, 1,202 miles.
The road was opened in 1883.
The road in Texas was fore¬
closed December 1, 1885.
The Missouri A Arkansas Division wras
sold on Feb. 27,1886. The present organization, whicn was formed in
Rate per i
$1,620,000
1,080.000
11,845,900
525,000
1,899,000
m
1881
1884
1886
Outstanding
550,000
1,000
Bonds—Princi¬
INTEREST OR DIVIDENDS.
Amount
7Receipts—
Gross earnings
Net earnings
Other receipts
Total net income
Disbursements—
flit., sink. fd. A rents
Divs. on 1st pf. stock.
Rate of dividends..
.Miscellaneous.
ACCOUNT.
1883.
1884.
$
$
1885.
1886.
$
4,874,628
2,652,332
159,619
3,896,565
2,073,437
24,376
4,643,596
14,836
$
4,383,406
2,433,0^2
19,782
2,097,813
2,523,054
2,453,144
2,811,951
1,343,436
1,826,203
1,751,215
315,000
315,000
315,000
1,950,323
315,000
7
11,004
2,508,218
7
7
242
4,732
7
5,974
Total dishursem’ts
2,271,297
2,070,947
2,141.445
1,669,140
54 0,654
Balance, surplus...
4*8,373
381,609
382,497
—(V. 43 p. 24, 571, 579. 608; V. 44, p. 204, 43 ,459,466,551,604,
619, 622, 654; V. 45 p. 54, 793 ; V. 46, p. 40, 70.)
St. Louis Southern.—Owns read from Pinckneyville, Ill., to Carbondale, Ill., 33 miles, and leases Carbondale A Shawneetovvn road to
Marion, 17*2 miles; total operated, 50*2 miles.
This company was
,
organized Aug. 3, 1886. as successor to several others foreclosed.
On
Dec. 1, 1*86, made a lease for 980 years to the St. Louis Alt. A T. H., at
a rental of 30 per cent gross earnings, arid a guarantee of interest on
1st mortgage bonds. Stock 23.000 shares common and 24,684 pref.
St. Louis Vandalia & Terre Haute.—Owns from East St.
Louis to Indiana State line, 158 miles. Road opened July 1, 1870.
It is leased to the Terre Haute A Indianapolis Railroad at a rental
of 30 per cent of gross earnings. In July, 1887, suit was brought by
Penn. RR., owner of a majority of the stock, to annul the 1. ase, but
Judge
Gresham in January, 1888, held the lease valid.
For the
103
INVESTORS’
SUPPLEMENT
[Vol. XLVI.
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xlvi.
RAILROAD
January, 1889.]
Subscribers will coufer
a
138
explanation of column headings, Ac.,
184-56
on
first page of tables.
Miles
Date
of
of
see notes
Road. Bonde
St. Paul Minneapolis & Manitoba—Stock
2,61 L
2d M., and 1st on road from St. Paul to Watab
76
let mort. land grant sinking fund, gold
656
2d mort., gold
656
Dak. Ext., 1st mort., gold ($12,000 per mile)
473
Consoi mort.,gold ($13,344,000 are 6s), cp. or reg. 2,201
let M.,g., Montana Div. (for$25,000,000)...c*&r
280
—
Minneap. Un. RR.. 1st M., gold,guar.($3,000,000)
Eastern of Minu., 1st mort, gold, guar
Montana Cen., IstM., g. ($40,000 p.m.),int.gu.cAr
St. Pauldt No.Pac.—Stock ($10,000,000 authorized)
Gen. M., gold, Id. gr., coup, or reg. ($10,000,000)
Western RR., Minn., 1st mortgage, RR
San Antonio <£ Aransas Pass—1st mort., gold
1st M.,ex., gld. ($12,000 p. m.). redeem, at 110..o
Sandusky Mansfield <t Newark,—Re-organized stock
let mortgage, new, gold
o*
Savannah Florida <£ West. -At. A G. consol, mort..
South Georgia A Florida, 1st aud 2d mortgages...
Sav. Fla. A W., 1st mortgage
Schenectady & Duanesbury—1st M., guar. D. A H.c*
Schuylkill Val.—Stock, 5 p.c., guar. 999 yrs., Pli.AR.
Bciotd Valley— 1st mort. (s. fuud $13,000 per year).
2d mortgage (siukiug fund, $5,000 per year)
Consol, mortgage
Equipment bonds
Seaboard & Roa'ke—Stk.($244,800 is prf. gna.7p.e.)
Debentures
r
Mortgage for $2,500,000
AND
BONUS
105
great favor by giving Immediate notice of any error discovered In these
Tables.
DESCRIPTION.
For
SI OCRS
c*
*
.
•
•
•
1862
1879
1879
1880
1883
1887
1882
_
....
152
152
60*2
InO
217
116
116
286
58
525
14
19
98
98
124
*80
....
81
_
^
r
1887
....
1883
1877
1885
1886
....
1869
1867
1869
1884
1874
....
1876
1879
1880
....
1886
1886
Size,
or
Par
Value.
INTEREST OR DIVIDENDS.
Amount
Outstanding
Rate per When
Cent.
Payable
$100 $20,000,000
1,000
100 Ac.
1,000
1,000
1,000
l,000Ac
1,000
•
•
«
q
l,OOOAc
100
1,000
1,000
1,000
1,000
50
1,000
500 Ac.
1,000
1,000
lOOAe.
50
500Ac.
1,000
1 ,ooo
ioo
lOOAe.
1,000
366,000
Q.-F.
7
7 g.
4,991,000
6 g.
8,000,000
6 g.
5,676,000
23,444,000 4^ A6g.
4 K.
7,000,000
6 g.
2,150,000
3,500.000
2,500,000
5,000,000
7,500,000
438,000
5 g.
6 g.
J. A
J. A
A. A
M. A
J. A
J. A
J. A
J.
1*2
6
7
6
6
3
7
7
7
6
6
Q.-J.
F. A
M. A
1,750,000
g. J. A
2,598,000
g- J. A
1,068,832
Feb.
2,300,000
g. J. A
1,780,500
J. A
M. A
664,000
A. A
2,188,000
500,000
M. A
576,050
J. A
2*2
7
1,294,000
J. A
7
A. A
283,000
553,000
7
J. A
82,000
7
M. A
1,302,800 5 on com. M. A
6
690,000
F. A
5
J. A
298,000
ending October 31, 1887, rental was $527,101, and charges were
a surplus of $163,496. In operating this road the loss
to lessee has been in 18S2-83, $115,399; in 1883-84, $71,549;
in Miles operated
profit $39,169; in 1885-6 profit $23,687. The annual report for
was published in the Chronicle, Y.
44, p. 148. The first mort. Gross earnings
and $1,000,000 of second mort. bonds are guar, by the lessees and also
Oper. exp. A taxes..
by the Pittsb. Ciu. A St. L. RR. The stock is $2,379,358 common and
$1,544,700 prof. In 1884-85 gross earn’s were $1,372,648 ; net, $450,Net earnings....
963. In 1885-6, gross, $1,478,330; net, $ 167,186. Tlios. D. Messier, Pres., P.c. of
op.ex. to earn.
Pa.
Pittsburg,
(V. 44, p. 91, 148, 714; V. 45. p. 45, 85, 113, 540,855;
g.
Whom.
Dividend.
N.Y., 40 Wall St.
J.
do
do
J. New York and London.
O.
do
do
N.
N. Y., 40 Wall St.
J.
do
do
D.
do
do
J.
do
do
A J.
A.
N.
J.
J.
1
J.
J.
N.
O.
8.
J.
J.
O.
J.
N.
N.
A.
J.
Bonds— Princ t*
pal, When Due
Where Payable, and by Stocks—Last
N. Y., 40 Wall St.
N.Y., Company’s Office.
N.Y., Winslow, L. & Co.
do
do
N. Y. ,8. M. S wenson&Son
do
Moss N. Bk.,Sand’ky.O.
N. Y.. Union Trust Co.
N.Y.,H.B. Plant, ASavan
do
do
do
do
Del. A Hud. Canal Co.
Phil.OttPe, 407 Library.
Last paid July, 18S4.
Last paid April, 1884.
Last paid July, 1884.
N. Y., Winslow, L. A Co.
Balt.,Farm. A Plant. Bk.
Feb. 1,
‘
1888
July, 1892
1909
Oot. 1, 1909
Nov. 1, 1910
July l, 1933
June 1, 1937
July 1, 1922
July
Jan.
Feb.
i. 1937
16, 1888
1,
1923
May 1, 1907
Jan.
1, 1916
July 1, 1926
Feb.
1, 1888
Jan., 1909
July, 1897
May 1, 1899
April 1, 1934
Sept. i; 1924
Jan. 12, 1888
Jan. 1, 1896
April 1, 1894
1. 1910
J illy
Nov.
Portsmouth, Va.
New York, Balt. A Phila.
1,
1887
Aug., 1916
1926
year
$310,109, leaving
1883-84.
1884-85.
1,471
8,256,863
3,929,390
1885-86.'
.1,509
$
7,776,164
3,500,927
7,321.736
3,838,652
8,028,448
4,327,478
4,266,237
3,483,084
3,713,553
1,397
-
47 59
Y. 46, p. 7 6.)
St. Paul Sc
45 13
5213
4,314,895
53-74
INCOME ACCOUNT.
18 83-84.
Dulutli.—Line of Road.—St Paul, Minn.,to Duluth,
1884-85.
1885-86.
1886-87.
Receipts—
Minn., 155 miles; branch to Knife Falls, 6 miles; leased; Stillwater &
$
$
$
$
Net earnings
Bt. Paul RR., 13 miles; Minneapolis A Duluth RR., 13 miles;
4,327,478
4,266,237
Taylor’s
3,483,084
3,713,553
Rev.from L’ad Dep’t
Falls A Lake Superior, 21 miles; Grantsburg Branch, 17 miles;
418,270
131,292
total,
350,114
415,782
225 miles. Between Northern Pacific Junction and Duluth, 24 miles, Other receipts
214,434
66,284
171,116
514,447
the road is owned jointly with the Northern Pacific.
The Duluth Short Line road from Thomson to Duluth, 25 miles, is
Total income
4,960,182
4,463,813
4,004.314
4,643,782
leased to the St. Paul A Duluth, and the bonds of $500,000 guaranteed.
Disbursements—
$
$
$
$
This was the Lake Superior A Mississippi RR., opened
Interest
on
debt....
1,980,200
August 1,
1,949,690
1,999,820
2,170,409
1870, and leased to the Northern Pacific. Default was made Jan. 1,1875, Dividends
1,300,000
1,600,000
1,200,000
1,200,000
and road sold in foreclosure May 1, 1877, and this
Race of dividend....
8
6*2
compauy organized
6
6
June 27. The preferred stock is received in payment for lands at
413,270
131,292
par. Hulking fund
350,114
415,782
Three shares of common stock have one vote and each share of
381,545
pre¬ Imp’ts A renewal fd.
600,000
ferred has ope vote. Preferred stock has a prior
right to 7 per cent;
then common to receive 6 per cent from net earnings.
Tot. disburae’ts..
4,349,505
3,411,492
3,549,934
4,386,191
Important propositions were voted on at annual meeting June 20.
610,677
1,052,321
454,380
1887.
257,591
(See V. 44, p. 809.) A dividend of 3 per cent in cash and 15 Balance, surplus....
-(V. 44, p. 402. 681; V. 45, p. 55, 240, 257, 342, 471, 510, 512,
per cent In common stock was paid on common stock in Jul}’, 1887.
705,
The company has a land grant, of which 1,151,495 acres remained un¬ 820.)
sold Dec. 31, 1886, and 69,680 acres of the Taylor’s Falls Branch. In
St. Paul Sc Northern Pacific.—Line of roadBralnerd to
Minneap¬
’86 land and stum page sales amounted to
$163,057, anddef’d payments olis, 139 miles, and branches to St. Paul, 10 miles; total, 149 miles.
(land accounts) Doe. 31, 1886, were $314,001. Gross earnings and This company wTas incorporated in 1874 as the Western
KR.#Co.
net income on railroad only, after deducting all fixed
charges, were as of Minnesota; from Sauk Rapids to Minneapolis was completed July
below, hut in 1886 $568,315 and in 1885 $167,186 for ‘ improve¬ 1. 1884, and from Minneapolis to St. Paul,
February 1, 1886. The
ments ” and “ betterments” was charged in oper. expenses,
while in prior terminal improvements at Minneapolis are on 20 acres in the business
years improve’ts had been charged to “cost of road and equipment.”
centre of the city, and for similar purposes in and about
Minneapolis and
Gross earns. Net inc’me I
Gross earns. Net inc’me. St. Paul, a total of 400 acres is owned.
The land grant of the
company
$732,630
$50,249 1 1884
$1,317,314 $398,091 is located along the line of the road between Brainerd and Sauk Rapids1,109,840
261,246 11885
1,381,212
328,610 and about 210,000 acres remain unsold. The laud proceeds are first
1,328,527
271,186 j 1886
1,558,085 def. 14,529 applicable to redemption of West. Minn, bonds, and then to the redemp¬
A summary of the report for the year
ending June 30, 1887, was in V. tion of the Gen. Mort. bonds, if obtainable at 120. The road, with its45, p. 341, showing total net receipts, including land sales, $975,359. tcrminal property, is leased for 999 years to the Northern Pac. at a net
rental equal to 40 ]>. c. of the gross receipts, but the bonds are
—(V. 44, p. 621,682, 714, 717, 753, 809; V. 45, p. 85, 143, 341.)
guaran¬
St. Paul Minneapolis Sc Manitoba— (See Map).—Owns from St. teed principal and interest. The stock is placed in trust with Farmers*1
Paul, via Barnesvilie, to Emerson, 392 miles; Minneapolis to Gretna L. & T. Co., the power to vote being held by Northern Pacific Company;
via Breckinridge, 413 m.; Minneapolis to
Hinckley via St. Cloud, 132 but “beneficial certificates” entitling holders to dividends are issued.
The registered interest on the gen. mort. is payable
m.; 8t. Cloud to Willmar, 55 in.; Elk River to Milaca, 32 m.; Botti
quarterly—Feb.,
neau Branch, 39
in.; Sauk Centre to Eagle Bend, 36 miles;
Fergus May, Aug. ami Nov. (V. 44, p. 22,90; V. 45, p. 401, 438; V. 46. p. 75.)
Falls to Pelican Rapids, 22 miles; Crookston Junction to
Minot, 231
Sau Antonio «fc Aransas Pass.—Road extends from San
Antonio
miles; Shirley to St. Hilaire, 22 miles; Wayzata to Spring Park, 6
to Aransas Bay, Texas, 150 miles, and Gregory to
Corpus Christ!, 13
miles; Morris to Brown’s Valley, 47 miles; Breckenridge to Park River,
m.;
Kenedy
Wallis,
m.;
Sau
Antonio
to
to
132
168 miles; Everest to Portland (via. Mayville), 50 miles;
Boerne, 30 m.—total
Ripon to Hope, completed, 325 miles. Extensions are in
progress.
30 miles; Moorhead to Halstad, 34 miles; Tintali Junction to
ElleuThe mortgage first given above covers the 150 miles from San
Antonio
dale, 104 miles; Rutland Junction to Aberdeen, 64 miles; Hutchinson
to Aransas Bay. The bonds after that are issued at $12,000
Junction to Hutchinson, 53 miles; small
per mile on
branches, 5 miles; total oper¬ new road completed. The Farmers’ L. & Tr.
Co., of N.
ated June 30, 18s7, 1,935 miles. New lines not included in the
trustee of
foregoing, both mortgages. Abstract of 1st mort. on extensions inY.,V.is45,
Minot to Great Falls, 550 miles; Evansville to Tintali
p. 372.
Junction, 33 miles; Capital stock issued, $2,617,200. In the four months
to Oct. 1, 1887,
Benson to Watertown, 93 miles. Total mileage Nov.
1,1887,2,611 miles. gross earnings were $239,981; net, $85,532;
This
surplus over interest, $31,company was organized May 23, 1879, under the charter
712. U. Lott, Pres’t and General Manager.
of the St. Paul & Pacilic Railroad, and embraced the St. Paul A
(V. 44, p. 495, 751, 809;
Pacific
Railroad, the First Division of the St. Paul & Pacific Railroad, the Red V. 45, p. 372, 509, 512, 821.)
River Valley Railroad, and the Red River A Manitoba
Sandusky Mansfield Sc Newark.—Owns from Sandusky, O., to
Railroad. The
A consolidation of several roads in 1856.
oompany had a land graut of 3,848,000 acres, and acquired the Min¬ Newark, O., 116 miles.
Leased
Feb. 13,1869, to Central Ohio Railroad,
neapolis A St. Cloud RR. grant, 476,864 acres. The proceeds of laud
guaranteed by Baltimore
sales are reserved by the first
A Ohio, and new lease made February 23, 1880,
mortgage trustees as a sinking fund for
extending to December
the redemption of the bonds at or under 105 and
interest, and bonds 1, 1926, with option to the Balt. A Ohio Company to renew for terms
are called in yearly so far as the funds are in hand.
The second mort- of 20 years each. Rental is $201,850 annually.
It Is operated as Lake
Erie division of the Baltimore & Ohio
system.
In 1885-86, gross
cover
year
ending
June
0, 1887, were 62,632
acres for $407,115, and 181 for
town
lots
for $10,- $1,013,014; net, $303,711; in 1886-87, gross, $1,080,463; net, $291,864.
854. The net amount due on land contracts June 30.
Vciiiiiciii
jplormfl
1887, was $191,wCBi6rii#"~v/Wii8 rrom oftVftiiiiftlij
to
894, bearing 7 per cent interest; lands unsold, 2,690,435 acres.
i Chattahoochee, Fla., 258 miles; branches—Bainbridge Junction to BalnDividends have been paid as follows since 1880 : In
1881,
3 per cent; bridge, 9 miles; extension to Savannah wharves, 170 nfiles; Junction
in 1882, 9; in 1883, 8 ; in 1884, 71*?; 1885 to
Is87, inclusive, 6.
Brhnch, 4 miles; Dupont to Gainesville, 118 miles; Thomasville to
Range in sto -k prices since 1882 has been : Tn 1883, 94S 169^2; in Albany, 58 miles; Waycross to
Jacksonville, 75 miles; Fort White,
1884, 7€16'g;99; in 1S»5,
111; in 1886, 1063i a 1241s; in 1-87, Fla., to Luke City, Fla, 20 miles; total, 545 miles.
This was a
94%'2>lT0'7e : in 188S to Jan. 20, inclusive, 109^11 Ho.
consolidation in
1865
of
the
Savannah Albany A
Gulf Rail¬
The authorized amount ot consolidated mort. bonds is
road and the Atlantic A Gulf under the latter name.
of
$50,000,000,
The Atlan¬
which $19,420,000 were reserved to
pay prior liens.
The Minneapolis tic A Gulf road was sold in foreclosure of the second
Union RR. is
mortgage
a
short line
through Minneapolis for passenger on November 4, 1879, subject to the consolidated
mortgage and
service, including stations and bridge over the Mississippi River, other prior liens amounting to about
$2,465,000. The present com¬
and its stock of $1,000,000 is held in trust and is
covered bv the pany has a capital stock of $5,340,300, which Is held in
lien of the St. P. M. A M. consol,
very few
hands
and
dividends
are
mortgage.
The fifty■-rear 4 per
paid as earned; in March, 1886, 3*2 percent
cent bonds were issued for the extension from
Dakota to (-'reat Falls, paid; in March, 1887, 2 percent. The
in
1885
earnings
were
$2,461,613
Montana, about 450 miles. The bonds are limited to $25,000
per mile gross ami $468,799 net; fixed charges, $300,279; surplus, $164 356
on road and equipment (and
$15,OcO per mile for second track), and In 1886 gross earnings, $2,557,817; net,
$434,741;
the mortgage (Central Trust
Company of New York, trustee) is for an est, etc., $96,489. H. B. Plant, Pres., New York. (V.surplus over iuterl
44, p. 344.)
authorized amount of $25,030,000 to provide for future
extensions and
Schenectady Sc Duanesburg.-From Quaker Street Junction.
branches. (See^abstract of mortgage in V. 45, p. 342.) Eastern
of
N. Y., to Schenectady, N. Y., 14 miles. Leased
Minn, bonds wire issued in Jan., 1888, to construct a
In perpetuity to tho
branch from Delaware A Hudson Canal.
Rental, $30,000 per year, paving 6 ner cent
Hinckley northward 70 miles.
on bonds.
fage bonds do not
the land. The land sales
Stock, $100,500.
J
RAILROAD
January, 1888.]
Subscribers will confer
a
DESCRIPTION.
first page
Miles
of tables.
Date
of
of
Road. Bonds
Seattle Lake S. <& East.—1st M., g., $25,000 per m..
Shamokin Sunbury <& Lewisburg— 1st mort., coup.
2d
AND
BONDS.
107
great favor by giving Immediate notice of any error discovered In these Tables.
For explanation of column headings, Ac., see notes
on
STOCKS
mortgage
40
31
....
Shamokin Vat. dt Pottsville—Stock, gu. by Nor. Cent.
1st mortgage, gold, on road and lands
Shenandoah Valley— 1st m (Hag. to Waynesbo.)
General mort., gold
3d mortgage income bonds, registered, non-cum..
Car trust; certificates
Sheffield <£• Birmingham—1st M.,g.($15,000 p.m.)c<fcr
2d mort. ($10,000 per mile)
Shore Line (Conn.) -St’k,7b2p.et.rent.N.Y.N.H.AH.
1st mortgage
Shreveport <£Houston—1st, g., guar, by H. E. A W. T.
Silver Springs Ocala & Qulf— IstM, g. ($13,000 p.m.)
South Carolina,—Stock
1st mortgage, sterling loan.
1st consol mortgage (for $5,000,000)
2d consol, mortgage
Income mortgage bonds (not cumulative)
South Florida— 1st mort. ($12,000 per mile)
So. <£ No. Alabama—1st M., endorsed by Alabama.
Sterling mort., s. fund, guar, by L. A N
2d mortgage bonds (owned by L. & N.)
New bonds (for $10,000,000)
South Pacific Coast—1st mort
South Pen nsylvania—Stock (for $20,000,000)
1st mortg;igo (for $20,000,000)
Southern Cent. (N. i'J—Consol, mort. convertible.o
29
28
144
254
254
•
•
•
....
Amount
Outstanding
1886
1882
$1,000
1,000
$1,000,000
1884
1,000
....
1871
1880
1881
1883
1,000
1,000
1,000
....
....
1886
1886
1,000
1,000
....
1880
1881
1885
100
lOOOAc.
1,000
300,000
4,204,160
1887
1887
1,000
il4
1882
200A.C.
100
100
Various
*
*
6 g.
6 g.
5
5 g.
6
6
6
6
8 g.
6 g.
6
5
4
1,130,000
2,538.000
1,572,000
391,000
4.620,110
2,000.000
£200
2,071,000
5,500,000
(?)
(?)
*
3*2
4is
4,850,000
1,000
1,000
1,000
3,299,800
88,560,130
A
A
A
A
J. A
J. A
A. A
Feb.
F.
M.
F.
F.
’5*
Where Payable, and by
Whom.
Bonds—Prinol”
pal,When Due*
Stocks— Last
Dividend.
A, N. Y. Agency. 23 Broad.
N. Phila., Phil. A Read.RR.
A.
do
do
A. Phil adelphi a,Treasure r.
J.
do
do
J.
Last paid Jan., 1885.
O.
Last paid Oct., 1884.
1
None paid.
None paid.
J. N. Y. Office, 10 Wall.
J.
do
do
J. N. H., Nat. N. H. Bank.
S.
do
do
J.
New York.
J.
N. Y., Agency.
Aug. 1, 1931
May 1, 1912
Feb.
1, 1924
Aug. 2, 1887
July, 1901
Jan.
1, 1903
April 1, 1921
Jan. 1, 1923
....
6 g.
6 g.
114,539
1,000
1,000
When
Payable
....
200,000
400,000
110
*
6
3
7 g.
7 g.
6 g.
6
1,000,000
1,000
1.000
1868
1881
1881
1881
1835
1870
1873
6 g.
5
(?)
1880
....
Rate per
Cent.
1,000,000
500,000
869,450
2,000,000
2,270,000
3,994,000
1,590,000
<20,109
1,350,000
50
500 Ac.
247
247
247
247
247
132
181
183
183
Southern Pacific COMPANY-Stock ($100,000,000) L,964
INTEREST OR DIVIDENDS.
or
Par
Value.
•
90
90
50
50
40
Size,
J.
T.
J.
M.
J.
J.
A
A
A
A
A
A
A J.
A. A O. N.
J. A J.
J.
A
A
A
A
A
A
J.
J.
N.
0.
N.
J.
March, 1910
July 1, 1914
July 1, 1915
Feb.
1887
Oct.
Jan.
Jan.
Jan.
Jan.
London.
Y., 68 William street.
do
Yearly.
J.
J.
M.
A.
M.
J.
Jan. 1, 1926
Jan. 1, 1926
Jan. 8, 1889
do
N. Y., 50
Exchange PL
London, Barium Bros.
N. Y., 50 Exchange PI.
N. Y., 50 Exchange pi.
New York Office.
F. A A.
(?)
1, 1883
to 1888
1, 1920
1, 1931
1.
1931
1,
1915
1,
1890
May 1, 1903
1910
July 1, 1937
Feb. 1,
1922
■
Schuylkill Valley.—Owns from Palo Alto to Reevesdale, Pa.,
11 miles; branches, 8; total, 19 miles. Leased to Pliila. A Reading RR.
for 999 years from Sept. 1, ’01, at 5 p. et. on stock. Has no bonded debt
Scioto Valley.—Owns from Columbus,* O., to Petersburg, O., 131
miles. Stock is $2,093,350. Coupons of 1st m. and cons. m. due July 1,
’84, and of 2d m. due April, 188 4, were puroliased in interest of Mr.
Huntington, and
are
held
as
liens.
In
1880 gross earnings were $6-3,234; deficit under operating
expenses. $9,321, owing to large expenditures for betterments. In 1887
net earnings were estimated to be c ver $180,000.
Receiver (Jas. Robinson) was appointed in June, 1885, on a
judgment
ofC. P. Huntington for $639,305. Foreclosure is pending. J. L. Robert¬
son is chairman of the committee of first uiort. bondholders in New
York.
(V. 45, p.673.)
There
were on Dee. 31,1887, $178,000 old 5 per cent 1st mort.
extended
bonds, payable 1887 to 1892 in addition to those above.
The annual report for 1886 was In the Chronicle, V. 44, p,
807,
INCOME ACCOUNT.
1883.
Receipts—
Total gross earnings..
Total net income
Disbursements—
Interest on debt
Miscellaneous
Total disbursem’ts..
Balance
Seaboard Sc Roanoke.—Owns from Portsmouth, Va., to Weldon,
N. C.. 81 miles. Of the stock, $1,058,700 is common, $200,000 is 1st 7
per cent guar., and $44,200 is 2d guar. The debentures above are to be
Net earnings 1885-86, $188,375; 1886-87,
$273,550; surplus over dividends and interest, $101,653. J. M. Robineon, Pres., Balt., Md.
included in any new mortg.
Seattle hake Shore Sc Eastern.—Road in progress from Seattle
Puget Sound to Spokane Falls on N. Pacific RR., or which 43 miles,
Squak, is completed. Bonds are coup, or reg. V. 43, p. 184,191.
Shamokin Sunbury Sc Lewisbnrg,-Line from Shamokin to
West Milton, Pa., with iron bridge over Susquehanna, 31 miles. The
road was built by Philadelphia A Reading, and opened in 1883 for its
coal trallic northward. Stock, $1,000,000.
on
Seattle to
Shamokin Valley Sc Pottsville.—Line of road, Sunbury, Pa., to
Mt. Carmel, Pa., 27 miles; branch to Lancaster Colliery, 2 miles; total 29
miles. The road was leased Februaiy 27, 1863, to the Northern Central
Railway Company, with a guarantee of interest on the bonds and 6 per
cent per annum on the stock. Gross earnings for 1885, $422,227 ; net,
$63,318. Gross earnings for 1886 $381,612; net, $216,984; surplus
to lessee, $14,279. Geo. B. Roberts, President, Phila.
Sheffield Sc Birmingham Coal, Iron Sc Railroad Co.—(See
Maj>.) Road about completed bet ween Sheffield and Birmingham, Ala¬
bama, 90 miles.' fn Sept., 1887, Sheffield & Birmingham Railroad was
consolidated with the Alabama A Tennessee Coal & Iron Co. The
new company owns the railroad, 70,000 acres of coal and iron lauds in
Alabama and 60 acres of land in Sheffield. Five blast furnaces are in
course of construction, having a
capacity of 140 tons daily. Stock is
$7,225,000 pref. and $1,000,000 of restricted common stock.
See
complete description of property, Ac., in V. 45, p. 441. E. W. Cole.
President, Nashville. New York, olfice, 10 Wall Street
(V. 45, p. 441.>
Shenandoah Valley.—From Hagerstown, Md., to Waynesboro and
thence to a connection with the Norfolk A Western road at Roanoke.
238 miles and branches 17 miles. A close contract for
working and an
exchange of stock for Norfolk A Western stock, also a contract with Penn.
RR. for exchange of business was made in 1883. In March,
1885,
Sydney F. Tyler was appointed receiver, and the April, 1885, Interest
defaulted. Iu June, 1887, the plan of reorganization proposed was
was
1884.
$
1885.
$
1,326,969
1,233,292
416,765
449,894
2.472
$
388,604
1,151,840
358,427
1,120,060
159,858
382,722
374,524
386,437
252
452,366
def. 5,601
18 86.
$
8,020
813
382,974
382,544
387,250
sur. 5,630
def. 24,117 def. 227,3 92
—(V. 44, p. 807.)
South Florida.—Owns from Sanford to Tampa, Fla., 115 miles:
Bartow Branch, 17 miles; operates Sanford to Oviedo, 17
miles, ana
Pemberton Firry Branch, 43 miles; total, 192 miles.
The road ia
pait of the Savannah Florida & Western system.
South Sc North Alabama.—(See Map of Louisville «£ Nash¬
ville.)— Owns from Decatur. Ala., to Montgomery', Ala., 182
miles,
with a branch of 6 miles from Elmore to Wetumpka.
The road is
controlled
by the Louisville & Nashville RR. Company, which
owns a
majority of tlie stock and all of the second mortgage bonds, $2,000,000,
due 1910, which are pledged with the Union Trust Co. as
security for
the Louisville A Nashvilo bonds, dated June 1, 1880.
500,000 acres
of laud in Alabama, largely mineral, have been transferred to
the
Louisville & Nashville Co. Common stock, $1,4(59,082 ; preferred
stook,
H2,000,000. In year < mliug June 30,1887, gross earnings were $1,871,323; net, $584,131; interest and taxes, $459,542.
South Pacific Coast (Narrow-gauge).-Owns from Alameda
to Santa Cruz, 87 m.; branches, 23 m.; total, 110 m.
In 1887, the road
was sold to the South. Pac. interest and the above bonds were
issued.
The stock is $6,060,000. Gross earns. *86, $870,157; net, $303,284. Gross
earns. Jan. 1 to Sept. 30,1887, $690,493; net, $273,533.
(V. 45, p. 113.)
South Pennsylvania.—The line was in progress between Harrisb.
& Pittsb., 225 miles, making a western extension of the Phila. & Read¬
ing system.
In July, 1885. it was agreed that the Vanderbilt interest
to the Pennsylvania Company, and that com¬
pany offered $6,500,000 3 p. c. bonds of the Bedford A Bridgeport RR.,
guaranteed by the Penna. RR. Co. But the Attorney-General of Penn¬
sylvania brought a suit to enjoin the transfer, and this suit in Oct.,
1886, was decided by the Supremo Court of Pennsylvania against the
transfer to Pennsylvania Company. (V. 44, p. 23 ; V. 45, p. 85, 113,
143.)
Southern Central (N. Y.)—Owns from North Fair Haven, N.Y.,
to Pennsylvania State Line, 114 miles.
Leases the Ithaca Auburn A
Western, Freeville to Auburn, 38 miles; State Line to Sayre, 2 miles.
Total operated. 154 miles. The Lehigh Valley leased this road from Jan.
1, 1887, for 975 years, without any guaranty of interest, and it ia
operated by the Pa. A N. Y. Canal Co. The consol. 5s are convertible
into stock at option of holders witi. n ten years, and $100,000 are held
in trust to retire $90,000 of 7 per cent prior bonds due in 1899.
Six
coupons from Aug. 1, 1886, inclusive were funded Into income bonds.
Capital stock pani in is $1,774,850. In 1885-86, gross earnings were
$467,068; net, $51,452; iu 1886-87, gross, $482,482; def., $23,394.—
(V 44, p. 23.)
Southern Pacific COMPANY..-This corporation was organised
Aug. 14,1884, under the laws of the State of Ke ntucky. It holds most
should
be
transferred
in V. 44, p. 782, by which the differences between bondholders
were set¬
tled, and the road was to he leased to the Norfolk A Western. There
was some delay in carrying out the plan, and in
Dec., 1887, the suit for
foreclosure was up again, and Judge Blair, at Roanoke, Va., decided
that the holders of general mortgage bonds had a valid claim on
$1,560,000 of 1st mort. bonds, but that the 1 st mort. was a first lieu on
the whole road. The stock is $3,696,200, of which
$3,057,100 is held
by the Norf. A West. RR. Co.
of the stock of the Southern Pacific of California and the other railroad*
From Jan. 1 to Nov. 30 in 1887 (II inos.). gross
earnings were $331,with it to New Orleans, and leases each of those roads; also
640, against $686,339 in 1886; net, $130,3o9 in 1887, against $112,- connecting
has a lease of the Central Pacific for 99 years. The last report had the
759 in 1886; deficit under extraordinary repairs,
$21,692, against a following statement of the total stock of each of the said
companie*
surplus of $66,517.
owned by the Southern Pacific Co. Dec. 31, 1886, and the table also
In 1886 gross earnings were $740,655;
net, $79,276. (V. 44, p. 23, shows the percentage of net profits of the whole
system payable under
150, 309,495,497, 680,782; V. 45, p. 143, 401, 438, 473, 614, 643,
the lease to the several lessor companies.
744, 857, 887; V. 46, p. 40.)
Total stock
P. e. of
Shore Line (Conn.)—Line of road, New Haven, Conn., to New
Name of corporation.
Stock owned.
of company. profits.
London, Conn., 50 miles. Leased to New York A New Haven RR. Co. in
$43,997,900
$44,039,100
261*
perpetuity Nov. 1, 1870, at $100,000 net per annum. Chartered as New
19,995,000
19,995,000
12
.
Haven A New London RR.; sold in foreclosure and reorganized
under
Sresent
and
Jan.
title
June 29,
Dividends
3*2 in of
4 iu July. Operaearnings
included
in the reports
are1864.
theand
lessee.
ons
Shreveport Sc Houston.—From Shreveport, La.,
La., 40 miles;
to
Logansport,
connects with Houston East. A W. Texas road, forming
with that a narrow gauge line of 230 miles from
Shreveport to Hous¬
ton. E. L. Bremond, President.
Stiver
ver
So. Pac. RR. Co. of New Mexico
Mor. L. A Texas RR. A SS. Co.
Gal. Harris. A San An. Ry. Co ...
Texas A New Orleans Ry. Co..
Louisiana Western RR. Co
Mexican International RR. Co.
New York Texas A Mexican
..
..
..
Springs Ocala Sc Gulf.—This road is projected from Sil¬
Springe, Fla., to Point Pinellos
on
South Carolina.—Owns from Charleston to
Augusta, S. C., 137 m.,
branches to Columbia, 68 m., and to Camden, 38
m.; extension, 4 miles;
total mam line and branches, 247 in. Default was made and
the road
sold In foreclosure July 28, ’81, and the
company was reorganized.
26,278,400
5,000,000
3,360,000
4,172,100
598,000
$114,152,900
1,110,000
Tampa Bay, about 175 miles,
and completed to Dunellon, 34 miles.
Capital stock, $1,500,000. There
is a land grant of 13,840 acres per mile, of which the
mortgage covers
4,000 acres per mile. The proceeds of land sales to the amount of
$100,000 go to retire the bonus at 110 and accrued interest. Tlios. C.
Hoge, President, 56 Wall St.
6,688,800
4,062,700
•
6.883,800
5,000,000
27,085.100
5,000,000
3,360.000
4,922,100
814.800
$117,104,900
4
221*
161*
7i*
31,
•
•
rnm
••
mm
Total stock and bonds
$115,262,900
30, in 1887 (11 mos.). gross earnings on the whole
system (5,096 miles) were $ >3,818,111, against $29.*05,612 in 1883
(4,927 miles); net, $13,805,600, against $12,375,048; adding rental*
from leased lines, the total net income was $14,653,053, agst. $12,888,532; surplus over fixed charges, $1,450,175, against $97,336; balance
From Jan. 1 to Nov.
after
construction and
$305,740 in 1886.
improvements, $506,618, against deficit of
108
INVESTOR’
\V
SUPLEMNT.
V
MAP OF TIIF
SOUTHERN PACIFIC
IVol.
RAILROAD
AN])
xlvi.
CONNECTIONS.
‘
■'“'
'*•'’'X'*»*««
»I^-H-A A»\.***
RAILROAD STOCKS AND JBONI'S
January, 1888.]
109
Subscribers will confer a great favor by giving immediate notice of any error discovered in these Tables.
DESCRIPTION.
For
explanation of column headings, Ac., see notes
on first page of tables.
384
South. Pac. of Arizona—1st mort., gold,cp. or reg...
South. Pac.(Cal.)—1st M., «r.,landgr.,cp.orreg., s. f. 1,022
Monterey, 1st mortgage
Southern Pacific of N. Mexico—Mort., coup, or reg..
Southwestern (Ga.)—Stock, 7 p. c., guar. Cent. Ga...
Southwest Pennsylvania—Stock
1st mortgage
15
167
321
44
....
Spuyten Duyvil <6P*tMor.—Stock, 8 %, gu. N.Y.Cent.
State Line <& Sullivan—1st M., conv. (red’ble aft.’88)
Staten Island—1st mortgage
Staten Island Rapid Tran— lstM.,$ or St, cp.orreg.
2d mort. guar by B. A O. cp. or reg.,
gold
6
24
13
All.
....
Incomes, gold (non-onm.)
Sterling Mountain (N. Y.)—1st M., income, guar. .c.
Stockton
Copperopolis— 1st mort., (guar, by C. P.)
45
Suburban Rapid Transit—Stock ($6,600,000)
1st
mortgage bonds (for $6,600,000)
....
Summit Branch, (Fa.)—Stock
1st mortgage bonds
Sunbury Hazleton & Wilkesbarre—1st mortgage—
2d mortgage
Sunbury <£ Lewistown—1st mortgage
Suspension Bridge <£ Erie Junction—Stock
c.
1st mortgage.
Syracuse Binghamton <£ N. Y.—Stock
mortgage (guar. D. L. A W.)
Syracuse Geneva <£• Corning—1st mortgage
2d mortgage
Syracuse Ontario <£ New York— 1st mort
2d mortg., income (for $500,000)
Consol,
e.
20
20
43
43
43*2
23
23
81
81
57
c.
43
Amount
Outstanding
*79-’80 $1,000
’75-’82 500 Ac.
1880
1881
1,000
1,000
100
....
....
....
1877
1,000
....
....
100. Ac.
1879
1873
1883
1886
1885
1881
1875
1,000
1,000
1,000
1,000
1,000
50
1874
1878
1878
1876
1,000
1870
1875
1876
1875
1879
1883
1883
1,000
500,000
641,865
0)
4,125,000
1,185,000
1,189,000
1,000
....
$10,000,000
33,303,000
250,000
4,180,000
5,099,400
819,200
962,000
989,000
200,000
300,000
1,000,000
2,500,000
4500,000
Rate per
Cent.
6
6
5
6
3
5
7
4
7
7
6
5
g.
g.
g.
g.
g.
475,674
500 Ac.
1886
Bond*—Princi¬
INTEREST OR DIVIDENDS.
Miles
Date Size, or
of
of
Par
Road. Bonds Value.
....
1,350,000
500,000
500,000
....
500
100
5
Payable
Where Payable, and by
Whom.
J.
N.Y.,8o.Pao.Co., 23Br»d Mar., 1909-10
When
A J.
A. A O.
A. A O.
J. A J.
J. AD.
M. A 8.
F. A A.
J. A J.
J. A J.
A. A 0.
A. A O.
J. A J.
do
do
do
do
do
do
Philadelphia Office.
6
3
7
5
6
7
7
7
M.
F.
J.
M.
M.
J.
A
A
A
A
A
N.
J.
do
do
N. Philadelphia, Penn. RR.
N.
do
do
A J. Pliila., Guar. T. A D. Co
May 1, 1928
May 1, 1938
July 1, 1896
J.
A J. N. Y. Lake Erie A West.
July 1, 1900
1%
Q.—Mar N.YT.,D. L.A W. RR. Co.
Deo. 1, 1887
Oct. 1, 1906
Nov. 15,1905
Mar. 1, 1909
1933
1983
A.
7
A. A O.
880,000
600,000
7
M. A N. N.Y.,Farmers’ L.A T.Co
M. A S. N. Y., Gr. Cent. Depot.
J. A D.
5
6
6
1936
Feb. 16, 1876
Jan. 1. 1904
Pbila.,233 So. 4th St.
1,966,000
900,000
(i)
Feb., 1917
JaD., 1888
Jan. 1, 1899
April 1,1893
Jan. 1, 1913
J'm. 1, 1926
Jan. 1, 1946
July 7, 1895
January. 1905
New York.
N Y., Union Trust Co.
N. Y., S. I. Rap. T. Co.
N. Y., Lond. A Glasgow.
N. Y., Company’s Office,
do
do
Feb. 1.
do
do
J. A J. N. Y.t Central Pacific.
1,000
-
April 1,1900
1, 1911
Deo., 1887
Sept., 1887
Jan.
Phlla. and Greenshurg.
1,000.000
2,500,000
1,000
Stocks—Last
Dividend.
1905-6 A 1912
Savannah,Cent-RR. Bk.
100
100 Ac.
pal,When Due.
do
do
|
1
!
the net earnings of
and steamship lines) for the year to nave
been $13,283,227, plus rentals of $560,( 91, and interest, Ac., received,
$465,301; total, $14,309,218: dividends and interest on bonds, $8,754,810; rentals paid, $1,867,165; taxes, $888,623; interest on notes, &c.,
$330,191; betterments and additions, $560,856; sinking fund, $1,196,771; payable to C. P. HR., $1,324,90s; miscellaneous, $27,941; total
deduction ($14,951,3?5, less $822,759 due from lessor properties under
lease, $14,128,516; surplus, $180,622. <V.43,p. 103,218, 835,460, 608,
636,746; V.44, p. 344, 435, 527, 654, 782; V. 45, p. 113, 210, 273, 369,
The annual report
for 1886 (V. 45, p. 210), showed
the whole system (4,8 47 mi’es
509, 643, 821; V. 46. p. 76.)
Southern Pacific of Arizona.—This is the connecting line of the
South. Pacific of Cal., extending from Yuma to N. Mexico boundary, 384
miles. The stock is $19,995,000. The bonds consist of Series A $6,000,-
000, due 1909, and Series B, $4,000,000, due 1910. Operated under lease
to Southern Pacific Co., the lessee paying all charges and also 12 per cent
of the net profits (if any) of the whole Southern Pacific system.
From January 1 to Oct. 31 in 1887 (10 mouths), gross earnings were
$1,352,639, against $1,261,328 in 1886; net, $541,034, against$556,959.
In 1885 the gross earnings were $1,564,702, and surplus over all
charges $148,029. In 1886 gross earnings were $1,525 221; net, $647,592. (V. 44, p. 370.)
Southern Pacific (of California). (Sec Map.)—Line of Road.—
The road in California is in two divisions—the North. Div. from San Fran,
to Tres Pinos, lOO^t miles; Carnadero June, to San Miguel Junction, 126
miles; and leased line, Castroviile June, to Monterey, 15 miles; Santa
Cruz RR., 26 miles;
Hillsdale to Almaden,
miles;
8
total
in Northern Division, 276 miles;—the Southern Division, Huron
via Goshen to Colorado Riv., 529 miles; Los Angeles via Wilmington to
San Pedro, 25 miles; total South. Div., 553 miles; total South. Pacific in
Cal., 829 miles.
At Goshen the Southern Div. meets the San Joaquin
Branch of the Cent. Pac., by which it reaches San Francisco and the
main line of Central Pacifio. At Yuma, connects with its closely affili¬
ated lines extending to Galveston and New Orleans. The Colorado
Div. of 242 miles is leased and operared by ihe Atl. A Pao. Railroad.
Organization, Ac.—The Southern Pacific was a consolidation Oct. 12,
Spuyten DuyvII & Port Morris.— Road is 6 miles in length and
connects the
tin New York Central A Hudson with the New York A Harlem.
Leased to New York Central November 1, 1871, till Deo. 31, 1970.
Rental is 8 per cent, on capital stock of $989,000. Operations are In¬
cluded in lessee’s returns.
State Line & Sullivan,—Owns from Monroeton, Pa., to Berenice
Pa., 25 miles. Originally organized as Sullivan A Erie Coal A Railroad
Co., which was sold in foreclosure Oct. 14, 1874, aud a new company
formed Dec. 2,1874, under the present name. Stock, $990,00C(par $50).
The mortgage covers 5,000 acres coal lands. In May, 1884, this road was
leased to the Penn, A N. Y. Canal A RR. Co. for fifty years, at $36,000
per annum for three years and $40,000 afterwards.
Staten Island.—Local road on Staten Island, Clifton to Tottenvllle, 13 miles. Road is operated in connection with Staten Island
Ferry Company. Capital stock originally $210,000, par $15 per share,
but being bought by company for $65 a share this is now taken as par
value, aud whole a mount is $910,000. Leased to Staten Island Rapid
Transit Co. for 99 years from July 31, 1884. at $80,600 per annum.
Dividends in 1885-86 and in 1836-87 6 percent on $65 shares.
Staten Island Rapid Transit RR.—The line of road is around
the Staten Island shore, east and north sides, from Vanderbilt Landing
(junction with the 8.1. Railway) to a point opposite Elizabethport, N.
J. It has a 99 years’ lease of the S. I. Railway and controls the Ferries
to N. Y. City.
In November, 1885, the agreement with Balt. & Ohio
was reported for making the terminals of that RR. Co. at St.
George
by means of a bridge over the Kills at Elizabethport. The bridge it
to be completed by Juue, 1883.
The B. A O. guarantees the 2d mort.
bonds of this Co., and owns a majority of its stock of $500,000. The
income bon Is are held by the B. A O. and S. I. R. T. cos., one-half each.
In year ending September 30, 1887, gross earnings of ferries and rail¬
road were $842,278; net, $223,857; surplus over Interest, taxes, ren¬
tals, Ac., $252. See annual report, V. 46, p. 101. (V. 44, p. 495; V. 45,
p. 212, 643, 696; V. 46, p. 101, 102.)
Sterling Mountain (N. Y.)—Road runs from Sterlington on the
Erie Railway to Lakeville, 7*6 mites. Bonds guaranteed by Sterling Iron
& Railway Co. Stock, $80,000. Earniugs in 1885-85, $26,017 gross
1870, of several lines in California. The Central Pacific RR. leased
and $6,924 net; in 1884-85, $26,216 gross and $9,876 net.
the southern division, but in March,,1885, this lease was annulled and
Stockton Sc Copperopolis,—Present company is a consolidation,
the whole line was leased to the Southern Pacific Company on the basis
of lessees paying all charges, and giving to this company 26*2 per cent made Nov. 17, 1877, of the Stockton & Copperopolis and the Stockton A
Visalia. Lino of road, Stockton to Milton and Peters to Oakdale.Cal., 49
of the annual net profits of the whole S. P. system. In October,
1884, leased to the A. A P. the 242 miles of road extending from the miles. Leased to Central Pacific Railroad Company for thirty years
western terminus of the A. & P. to Mojave, and right of way over the bal¬ from December 30,1874. By the terms of the lease the lessee agrees to
ance of the line to San Francisco, at a fixed rental.
(See terms of this pay principal and interest of the bonds. Capital stock, $234,500. Tho
jompany previously made default July, 1874, and the $1,000,000 of
agreement in St. Louis A S. F. report in Chronicle. V. 40, p. 594.)
Stock and Bonds.—Tho authorized stock is $90,000,000, of whioh uo Id bonds were exchanged for the present issue guaranteed.
In 1885,
earnings, $76,817; net, $13,063. In 1886 gross earnings, $L 12,$45,994,800 has been issued and is held mostly by the So. PacificJ/L\ gross
g
The bonds above are in series A, B, C, D, E and F, of which A included 008; net, $30,581.
Suburban Rapid Transit.—1This company has built a bridge
$15,000,000 and B, C, D ami E each $5,000,000, the balance being in
series F; the bends are issued at the rate of $40,D00 per mile on across the Ifarlom River, N. Y. City, and is in operation to 161st Street,
road and lands, except ihe Colorado Division, which is bonded at $30,- N. Y., 2*fl miles. The line as laid out is 14*90 miles long. Little informa¬
000 per mile.
The series A, B, C and D mature in 1905-6, the series E tion has yet been obtainable concerning its finances. In July. 1886,
and F in 1912. The bonds are a mortgage on the lands, and as proceeds the Manhattan Elevated stockholders were offered the privilege of
of lands come into the hands of the trustees, bonds are purchased and taking its stoek and bonds, as follows: Each 100 shares of Manhattan
entitled to take 7 shares S. R. T. Co., and 7-10 of a $1,000 bond.
retired. There is also a sinking fund of $100,000 per year.
Land Grant.—The land grant was 12,840 acres per mile, and proceeds Samuel R. Filley, President, 40 Wall Street.
of sales goto retire bonds. The total grant is estimated to furnish
Summit Branch (Pa,)-This company leases the Lykens Valley
10,445,227 acres, bat a large proportion of the lands is barren and RR., and it has a small branch of its own to Summit Mines, % of a mile.
nseless for agricultural purposes without irrigation.
In 1886 the sales The road is operated by the Northern Central under contract. Traffic is
were 313,634 acres for $887,393;
land bonds redeemed, $817,000; almost exclusively coal. In 1887 (11 months) gross receipts from coal
land notes outstanding Dec. 31, 1886, $2,253,822.
operations, Summit Branch proper, were $1,232,755, against $628,710;
From Jan. 1 to Oct. 31, 1887 (10 months), gross earnings of Northern net,
$120,825, against $8,644. (V. 44, p. 185.)
Division were $1,447,398, against $1,335,421 in 1886; net, $673,805,
Sunbnry Hazleton dc Wilkesbarre.—Sunbury to Torahioken,
against $668,344. From Jan. 1 to Oct. 31, 1887 (10 months), gross
Pa., 43 miles. Foreclosed March, 1878. Stock, $1,000,000. The Penn.
earnings of Southern Division were $3,419,580, against $2,643,033 in Railroad has a
large interest-in it. Gross earnings in 1885, $493,197;
1886; net, $1,160,245, against $$06,981.
In 1886 gross earnings of both divisions were $4,943,955; net, not, $267,255. Gross in 1886. $425,361; net, $195,538. J. N. Du
Barry, President, Philadelphia. (V. 43, p. 275.)
$1,879,939.
Southern Pacific of New Mexico.—Road extends from Ari¬
Sunbnry Sc Lewlstown,-Selinsgrove Junction to Lewistown,
zona State Line to the Rio Grande at El Paso, Texas, 167 miles.
Oper¬ Pa., 43 miles. Leased to Pennsylvania RR. for contingent Interest In
net
ated under lease to Southern Pacific Company, the lessee paying all
earnings, which in 1884 were $105,855; in 1885, $168,268; In 1886,
charges and 4 per cent of net profits (if any; of the whole So. Pacifio $123,536. Stock, $600,000 and div’s of 6 per ct. a year have been paid.
system. Stock, $6,888,*o0. From Jan. 1 to Oct. 31, 1887 (10 months),
Suspension Bridge Sc Erie Junction.—East Buffalo Junction
gross earnings were $576,597, against $552,083 in 1886: net, $245,- to Niagara Falls and Suspension Bridge, 23 miles; Look. & Buff. RR.
132, against $264,052 in 1886. Gross earnings in 1885 $683,249; sur¬ leased, 14 miles; total operated, 37 miles. Road opened January, 1871.
plus over charges, $127,133. Gross earnings in 1886, $667,196; net, It is leased to Now York Lake Erie & Western Railroad Co. at 30 per cent
$310,131.—(V. 44, p. 370.)
of gross receipts, which are guaranteed to he not less than $105,000 per
Southwestern (6a.)—From Macon, Ga., to Eufaula, 144 miles; annum. Lessees own all stock except 297 shares.
has 177 miles of branches, the main one being from Fort Valley to Col¬
Syracuse Binghamton Sc New York. — Owns from Geddes,
umbus, 71 urles. Extension to Columbia, Ala., 13 miles, in progress.
N. Y., to Bingliampton, N. Y., 81 miles. Chartered as Syracuse & Bing¬
Leased in perpetuity Aug. 1,1869, to the Central RR. of Georgia, which
hamton and opened Oct. 18, 1854; foreclosed and reorganized April
assumes the liabilities and guarantees 7 per cent on the stock, but 8
30, 1857, and controlled by Delaware Lackawanna A Western. In year
per cent is to he paid if 10 per cent is paid on Central stock. In June,
1881, $32 per share in 6 per cent debt certificates was declared by Cen ending Sept. SO, 1887, gross earnings were $807,096; net $353,278;
premium on bonds, $54,680; surplus over interest and 6*4 per ct. divi¬
tral Georgia Railroad.
In 1885-86 gross earnings, $742,024 ; net, $307,418;
Southwest Pennsylvania,—Greenshurg, Pa., to Fairohance, Pa., dend, $109,048.
Interest, $141,400; dividends (6*fl per cent), $162,500. (V. 45, p. 212.)
44 miles
Opened April 1, 1873, and leased to Pennsylvania Railroad
which operates it at cost, paying net earnings as rental.
In 1885
Syracuse Geneva Sc Corning.—Owns from Corning, N. Y., to
gross earning 3 were $562,920 and net earnings, ^$249,438. In 1886 Geneva, N. Y., 58 miles, and Penn Yan to Dresden, 6 miles; total, 64
miles. This road was opened December 10, 1877, and is leased to
gross, $756,139; net, $399,330.
Subscribers will confer a great
favor by giving immediate notice of
DESCRIPTION.
For explanation of column
on first page
headings, &c., see notes
of tables.
Terre Haute dt Indianapolis—Stock ($1,988,150) —
Bonds ot 1873 coupon
Ill
RAILROAD STOCKS AND BONDS.
January, 1888. j
A Teg
Consol, mortgage
—
Terre Haute dt Logdnsport.—Stock
1st mortgage, extension (2d on 93 miles)
Terre Haute <£ Peoriar— 1st mortgage, gold
Texas Central—1st mortgage, gold
N. E. Div., mort., gold (2d on 177 miles)
General mortgage, (pledged)
Texas dt N. Orleaiis of ’74—1st mortg. landgr., coup
Sabine Division, 1st mortgage, gold
Debentures
Texas dt Pacific—Stock.
1st mortgage, gold, coup. (E. Div.)
2d mort., consol., gold, coup. (E. Div.)
Income and land mort., E. Div.. reg
Miles
Date Size, or
of
of
Par
Road. Bonds Value.
114
....
....
182
93
65
173
177
52
228
105
104
....
524
524
524
....
Extension bonds
Elmira State Line Railroad mortgage.
Toledo Ann Arbor dt X. Mich.—1st (T. A. A. & G. T.)
1st mort., gold
Toledo Canada Southern dt Detroit—Stock
Toledo dt Ohio Central—1st mort. gold, interest guar
Tol. Peoria dt West.—1st M , new (for $5,000,000) .c*
....
54
20
7
61
106
55
196
230
$50
1,000
....
50
....
1879
1883
1887
1879
1881
1884
1875
1882
1883
1,487
Scrip for int.oniuc.mort.(red’mable inst’kor land)
521
1st mort., gold, Rio Grande Division
336
New Orleans Pacific, 1st mortgage
General and terminal mortgage ($6,500,000)
1,487
54
Tioga RR — 1st mortgage, due 1882 and extended .
Consolidated mortgage
1873
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
100
.
1875
1875
1875
’79-’85
1880
1880
1884
1852
1876
1875
1875
1881
1884
.
.
1,000
1,000
1,000
....
1,000
1,000
1,000
.....
....
....
1,000
1,000
....
1895
1887
1,000
1,000
Outstanding
$1,401,880
1,600,000
(?)
500,000
500,000
1,000,000
1,800.000
2,145,000
1,254,000
2,286,000
1,620,000
2,075,000
584,000
34,173,600
3,784,000
9,316,000
7,992,000
2,240,000
13,028,000
6,720,000
2,859,000
239,500
125,000
265,000
160,000
1,260.000
2,120,000
1,547,662
3,000,000
4,500,000
committees
ings.
stand,
loss to lessee, $45,540.
Syracuse Ontario Sc New York.—Owns from Syracuse, N. Y.,
miles. The road was twice sold iu foreclosure
and reorganized under present name in 1883. The West Shore acquired
control of the property. Stock, $404,600. Earnings in 1885-86, gross,
$88,505 ; deficiency under interest and taxes, $47,811. Ashbel Green,
to Earlville, N. Y., 45
President, N. Y.
Terre Haute Sc Indianapolis.—Owns from Indianapolis to Illi¬
nois State Line, 79 m., with coal branches, 34 in.; total, 113 m. The road
was opened iu 1852 (as Terre Haute A Richmond).
The company leases
and operates the Terre Haute A Logansport RR., also the St. Louis
Vandalia A Terre Haute Road on joint account with the Pittsb. Cm. A St.
Louis RR., at 30 per cent of gross earnings, but guarantees the first and
second mort. bonds. In June, 1887, a controlling interest in the stock
was sold to II. S. Ives and others in the Cincinnati Hamilton A Dayton
interest.
In 1885-6 gross earnings $1,053,090; net earnings and other
receipts, $366.672; interest and 6 per cent dividends, $246,289; loss
onT.H. A L. lease was $89,482.
In 1884-85 gross earnings, $1,060,631;
income, $358,470; interest and 6 percent dividends, $231,289: loss on
T. H. A Logansport lease, $76,634; betterments to T. H. A L. road,
$45,202 ; surplus for year, $5,345. (V. 44, p. 714, 751; V. 45, p. 85.)
Terre Haute Sc IiOjgansport.—Owns from South Bend, Ind
to Rockville, Ind., 159 miles; leased, Rockville to Terre Haute, 22 miles.
Total operated, 182 miles.
Formerly Logansp. Crawfordsv. A Southw.,
Which was sold in foreclosure Sept. 10, 1879, and reorganized under
present name. Leased by Terre Haute & Indianapolis Railroad for 99
years from D*c\, 1879, at 25 per cent of gross earnings, and first
mortgage bonds guaranteed by that company.
Rental in 1885-86,
$119,759; loss to lessee, $89,482. Rental in 1884-85, $108,562; loss
to lessee, $121,836.
Terre Haute Sc Peoria.—Road operated from Terre Haute, via
Decatur, to Peoria, 173 miles. This is the new company formed in Jan.,
1887, as successor of the Illinois Midland, sold in foreclosure Sept. 30,
1886. .That road embraced by consolidation the Peoria Atlanta A Dec¬
atur, Paris A Decatur and Paris A Terre Haute. The stock is $2,160,-
Bonds—Prinol
INTEREST OR DIVIDENDS.
Amount
the Fall Brook Coal Co. at
a rental of 3313 per cent of its gross earn¬
Stock is $1,325,000. In 1884-85 gross earnings were $671,690:
net, $163,611;
rental, $223,897; taxes, $10,559; deficit to lessee,
$70,844. En 1885-6, gross, $638,921; net, $167,434; rental, $212,974;
discovered in tliese Tables.
any error
Rate per
When
Cent.
Payable
3
F. & A.
A. Sc O.
7
5
6
6
7
6
6
6
6
5
7
7
7
6
6
N.Y.,Farmers’ L.ATr.Co
do
do
Stocks—Last
Dividend.
Feb., 1888
1893
....
.
6
6
5
7
7
6
7
6
6
Where Payable, and by
Whom.
pal,When Due
.
.
J. Sc J. N. Y. ,Farmera’L. ATr.Co. Jan. 1, 1910
J. Sc J.
do
do
Jan. 1, 1918
M. A S. N. Y., Union Trust Co.
Mar. 1, 1937
.A N.
Last paid Nov., ’84.
Nov. 1, 1909
M. & N.
Last paid Nov., '84.
May 1, 1911
M. A N.
Last paid Nov., '84.
Nov. 1, 1934
N.
F. A A.
Y., Company's Office. Aug. 1, 1905
M. A S.
do
do
Maroh 1,1912
J. A J.
do
do
1893
g.
g.
g.
g.
M. A S.
I. A D.
g.
g-
Philadelphia.
paid Dec., 1885.
Last
July.
F. A A. Last paid Aug., 1885
J. A J. Last paid July, 1885
A. A O.
Last paid Oct., 1885
M. A N. PliiL.Newbold Sons ACo
M. A N. N.Y., N. Y. L. E. A W.
A. A O. Elmira,CliemungCo. Bk.
do
A. A O.
do
J. A J. N.Y.,Farmers’ L.ATr.Co
M. A N. N. Y., Cent. Trust Co.
g.
g-
g.
g.
March 1, 1905
June 1, 1905
Jan. 1, 1915
Feb. 1, 1930
July 1, 1920
Oct. 1, 1905
Nov.
Nov.
Oct.
Oct.
Jan.
1, 1915
1, 1896
1, 1905
1, 1895
1, 1921
May 1, 1924
....
5 g. 'J.
4 g. 1 J.
1
provides
and all others
A J. N. Y., Central Trust Co.
A J.
that the
shall
New York
Agency.
July 1, 1935
July 1, 1917
old first mortgage due 1905 shall
be foreclosed.
A
new
5 per cent first
mortgage, “A” (subject to the old morts. and Texas lien. $3,951,000 in all), shall bo made for $25,000,000, and a new 5 per cent
income second mortgage, “ B,” for $25,000,000, noil-cumulative.
These were to be distributed to the holders of old bonds as stated
in V. 43, p. 164, except that holders of Land Income bonds took 60
the new “ B” bonds in addition to the lands, but in Sept.,
1887, notice of a change was given, viz.: The interest on new first
mortgage bonds shall begin Juue 1, 1888, and the first coupon be pay¬
able Dec. 1, 1888. As compensation, tile holders of each consolidated
six per cent mortgage bond on the Eastern Division received 15 35 per
cent in the new first mortgage bonds, instead of 112 per cen t.
Holders
of each New Orleans Pacific bond receive 61-80 per cent in new first
mortgage bonds, instead of 69 per cent.
The holders of the Rio Grande
Division bonds receive 41-20 per cent in
new first mortgage bonds, in¬
stead of 40 per cent, as in said agree ment provided.
The holders of
Terminal
bonds receive 25*75 per cent
in now first mortgage
bonds, instead of 25 per cent.
The new stock will bo $50,000,000 authorized, and will be Issued
per cent m
share for share to old, stockholders who pay the $10 per share cash
A land company was formed, and Its stock issued to
assessment.
holders of the land sorip and the income land mortgage bonds as fol¬
lows: Scrip holders 125 per cent for their -crip and interest to July 1,
1885.
Bondholders received par for their bonds without any interest.
The several divisions were sold in forecl sure Nov. 8 and 10, 1887,
and purchased by the committee for a total of $15,000,000. See V. 45,
p. 643.
Range of stock prices since 1882 have been: In 1883, 171e®43; in
1884, 5V<$2238; in 1885, 9*4®25ie; in 1886, 7 Li®2838; in 1887, 20^
353*; in 1888 to Jan. 20, inch,
Iu 1885 the gross earnings were $5,826,401, and the net, $1,095,619.
In 1886,
10*088 earnings were $6,042,305; net, $526,191.
In 1887,
Jan. 1 to Nov. 1, gross, $4,756,797; net, $765,974.
(V. 44, p. 119, 150,
276, 309, 495, 782; V. 45, p. 240, 303, 401, 614, 643, 821.)
Tioga.—State line junction, N. Y., to Hoytville, Pa., 61 miles, and
Blossburg, Pa., to Morris’ Run, Pa., 3 miles, of which is leased Elmira
State Line Railroad, State line New York to Northern Central Rail¬
way Junction, 7 miles; and Arnot A Pine Creek RR.. Arnot to Hoytvilie, Pa., 12 miles. Controlled by N. Y. L. E. & W. Gross earnings in
000 pref. and $3,240,000 com. The bonds were issued to pay off receiv¬
1885-86, $393,454; net, $169,281; surplus over interest, rentals, Ao.,
er's certificates and to furnish money for steel rails, equipments, Ac.
$96,961. The stock is $391,200 com. and $189,700 pref.
In New York, Mr. Simon Borg and associates were largely interested
Toledo Ann Arbor A North Michigan.—(See Map )—Owns
in the property.
(V. 43, p. 217, 431, 738 ; Y. 44, p. 184, 495.)
from Toledo, <_)., to Cadillac, Mich., 235 miles, which
carries the
Texas Central.—Line of road from Ross, in McLennan Co., to road into the heart of the lumber region of Michigan; and branches
Albany, Texas, 177 miles; Garrett to Roberts, 52 miles; total, 229 to South Lyon and M;icon Stone Quarry, 10 miles; total, 245 miles.
miles. Is controlled in Houston & Texas Central interests, by which In December, 18s7, the connecting road to Muskegon was opened.
tompany it is operated; but accounts are kept separate. Tin: authorized Capital stock is $4,040,000. The old first mortgage on 61 miles covers
stock is $1,000,000; total issued, $130,200, of which II, A T. C. holds, the Southern Division, formerly called the Tol. Ann Arbor A Grand
$50,000; Morgan Co., $75,000; directors, $5,300. Defaulted in interest Trunk RR. The $2,120,090 mortgage covers road between Ann Arbor
in 1885, and road was to be sold June 29, 1887, but delayed by an ap¬ and St. Louis, Mich. The annual report for 1886 was in V. 44, p. 584.
peal. In 1886 gross earnings were $254,892; deficit under expenses Gross earuiugs were $380,251 and net $158,156; interest charge,
and taxes, $13,553.
$145,600. James M. Ashley, President, 150 Broadway, N. Y. (V. 43,
(V. 44, p. 495.)
Texas Sc New Orleans (of 1874).—Houston, Tex., to Orange p. 608, 635; V. 44, p. 401, 527, 584; V. 45, p. 768.)
fSalfine River), 104 miles; and Sabine City to Rockland, 104 miles;
Toledo Canada Southern Sc Detroit.—Toledo. Ohio, to Detroit
total-08 miles. Belongs to the Huntington Southern Pacific system,
(G.T. Junction), Mich., 55 miles. Road opened September 1, 1873. Oper¬
together with the Louisiana Western. This was a reorganization, 1874, ated by Canada Southern.
The bonds were exchanged iuto Canada
of the old Texas A New Orleans RR. The stock is $5,000,000, and Southern first
mortgage bonds at 70 per cent of face value.
a controlling interest is owned by the Southern Pacific.
Iu addition to
Toledo Sc Ohio Central.—Owns from Toledo, O., to Corning, 184
above bonds, there are $467,336 Texas School bonds. From Jan. 1 to
Nov. 30, in 1887 (11 mos.) gross earnings were $1,148,437, against miles, including 12 m. leased; Hadley Junction to Columbus 29 m., in¬
cluding 5 m. leased; Corning to Jacksonville, 12 in. leased; total
$896,015 in 1886; net, $524,963, against $383,199.
For year 1886 annual report was in V. 44, p. 620; gross earnings in operated, 225 m.
This company was formed after sale in fore¬
1885 were $1,017,618; net, $462,273. In 1886 gross earnings were closure of the Ohio Cent, main line on April 15, ’85. The preferred
stock
is
$3,108,000 and common $1,592,000; the first mortgage
$998,169; net, $482,136; surplus over charges, $114,989. C. P. Hunt¬
ington, Pres’t, New York. (V. 43, p. 133, 163; V. 44, p. 344, 370, 620.) is for $5,000,000, but no more than $3,000,000 can be issued
Texas Sc Pacific.—(See Map Missouri Pacific.)—Eastern Division - except by consent of three-fourths of the present bondholders. Oar
From Texarkana to Marshall and thence to Fort Worth, 253 miles; trust warrants were outstanding Juue 30, ’87, to the aoiouut of $744,Texarkana Junction to Whiteshoro, 239 miles; Marshall to Shreveport, 988. The bonds have their interest guaranteed by the Col. A Hooking
40 miles; total eastern division, 532 miles. Rio Grande Divis’on— Valley RR. Co., and by an agreement with that company the stock of
Fort Worth to Sierra Blanco, 524 miles; Sierra Blanco to El Paso(joint Col. A H. V. was offered in exchange for three-fourths of the new stock
of Tol. A O. C., in the proportion or one share of C. A H. V. for one of T.
track), 92 miles; Gordon Branch to coal mines, 3 miles; total Rio
Grande division, 619 m. Now Orleans Division—(Formerly N. O. Paci¬ A O. C. preferred, aud one share of C. A H. V. for two shares of T. A O.,
fic RR.) Slireveport to N. O. and Baton Rouge Branch, 336 miles. 0. common; the remaining one fourth of T. A O. C. stock, together with
all that acquired by C. A H. V. by the exchange, were deposited with
Total of all, 1,487 miles.
The Texas A Pacific was built under act of Congress of March 3,1871, trustees. Afterward the trustees, on the request of throe-fourths of the
and other acts in 1872 to ’74, and the laws of Texas. This company suc¬ C. II. V. A T. stockholders, divided the T. A O. C. stocks as a dividend
ceeded to the right of the Memphis El Paso A Pacific Railroad and other on Nov. 17, 1885. (Sec agreement in V. 40, p.597.) From July 1 to
companies.
A
consolidation with
New Orleans Pacific,
share Nov. 30,1887 (5 mos.), gross earnings were $504,186, against $390,777
in 1386; net, $182,434, asrainst $122,883. The gross earnings for fiscal
for share, was voted iu May, 1881.
From the State of Texas
the company received 10,240 acres of land per mile, and by building year ending Juno 30, 1887, were $961,406; net over expenses and
■cast of Fort Worth earned 4,931,702 acres, on which the income bonds taxes, $288,803; surplus over interest and ail charges, $93,532 (V.
are a lien, as also a 3d mortgage on the road east of Fert Worth.
The 43, p. 24, 548; V. 44. p. 91, 210,341, 466, 682; V. 45, p. 240, 341, 572.)
lands yet unsold at the time of lsist report, Deo. 31, 1884, were
Toledo Peoria Sc Western.—Road owned from Indiana State
3,893,794 acres. The railroad lands in Texas, however, do not lie adja¬ line to Warsaw, Ill., 220 miles; branch, La Harpe to Iowa, III., 10 miles;
cent to the line of the roads owning them, but these are located in part tracks leased to Peoria and to Burlington, la., 17 miles; total operated,
in e ounties along the Rio Grande division, 1,030,611 acres being in 247 miles. This was formerly the Tol. Peoria & Warsaw, the a the Tol.
Tom Green County, and 1,303,380 acres in El Paso County.
p. A Western, and as such was leased to and virtually merged in the
In Deo., '85, I*. A. Sheldon and John C. Brown were appointed receiv¬ Wabash St. Louis A Pacirto. After the Wabash default in July, 1.834,
ers. The plan of reorganization formed by the Junotiou of the t'w# foreclosure proceedings were begun, and a sale was reached Oct. 2)
r
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NASHVILLE
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Morrjstt
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_
s
Crossvllie
[Vol.
ico
o
s.
Clinton
Nemo\ Knot
1
,to:
1 ft'
xlvi-
RAILROAD
January, 1888.]
Subscribers will confer a great favor
DESCRIPTION.
Por explanation of
on
column headings, Ac., see notes
of tables.
first page
Toledo St. L. & Kansas Oity—Stock
Pref. 4 per et. coupon stook, non-cumulative...
1st mortgage, gold (redeemable at 105)
c*
Tonawanda Valleydt Cuba—1st inort. ($500,000)..
Tyrone dk Clearfield.—Stock
1st mortgage, sinking fund
r
Ulster <£ Delaware—1st mortgage
2d mortgage income bonds
United N. J. RR. <6 Canal Co's.—Stock, 10 p. c., gu.
Gold bonds
General mortg., gold and currency, coup
Uhl lea Co.’s mortgage, sinking fund, registered..
do
sterling loan mortgage, sinking fund
do
do
do
do
ao
do
gold loan, reg
Joint Co.’s plain bonds
do
consol, mort. (sink’g fund after 1880)
N. J. RR. & T. Co., 3d loan due
Miles
Date
of
of
Road. Bonds
451
451
451
60
64
....
1886
1881
BONDS
113
•
1882
1875
1875
443
238
_
1883
1873
1871
1871
1871
1878
1854
1862
1868
1,038
mortgage currency (Government subsidy).... 1,038
3d
do
on road (2d on land), sink. fund.c&r 1,038
iLand grant bonds
Omaha bridge bds, st’g, (s.f. about $65,000 yrly).
140
Par
Value.
1866-9
1866-9
1874
1867-9
1871
1871
1879
1883
1879
1865
Amount
Outstanding
$100 $12,250,000
100
4,805,000
1,000
9,000,000
1,000
m
1,000
500,000
1,000,000
1,000,000
200,000
1,000
500 Ac.
100
1,000
1,000
«...
....
....
1,342,600
21,342,400
1,312,000
5,669,000
2,000,000
1,846,000
1,800,000
841,000
866,000
....
....
....
5,000,000
100,000
.....
100
4,594
INTEREST OR DIVIDENDS.
Size, or
m
74
.
2d
«do
renewal
do
Collateral Trust bonds, drawn at 105
Collateral trust oonds of 1883, gold, sink. fund..
Rans. Pac., cons. M., g., sink, fund, coup, or reg..
.do
1st M., g, cp., on 140m. west Mo. Riv.
AND
by giving Immediate notice of any error discovered In these Tables.
State of N. J
Union Pacific—Stock
1st mortgage, gold, on road and. equipment
STOCKS
1,000
1,000
....
1,000
£200
....
1.000
1,000
1,000
1.000
60.863,500
27,229,000
27,236,512
14,341,000
1,174,000
1,402,000
211,000
4,303,000
5,515,000
13,655,000
2,240,000
Rate per
Cent.
When
Payable
Where
Bonds—Prlnoi-
pal,When Due,
Payable, and by Stocks—Last
Whom.
Dividend.
"i'
J. & J. First coup.due July, ’83.
J. A D. N. Y., Bk. of N. Amer.
June 1, 1916
6
M. A 8.
New York Office.
Sept. 1, 1932
J. A D. Phila.. 233 South 4th.
Deo., 13«7
5
J. A J.
Jan. 1, 1912
Philadelphia.
7
J. A J. Rondout, Co.’s Office. July 1, 1905
7
F. A A.
New York.
July 1, 1905
2ifl
Q.-J. Phila. and N. Y. Offices. Jan. 10, 1888
4
F. A A.
Feb. 1. 1923
Philadelphia Office.
6 g. M. A 8.
do
do
Mch. 1, 1901
6
A. A O. Phila., Pcnnsylv’a RR. Oct. 1, 1894
6 g- M. A S.
London.
Mch. 1, 1894
6 g. M. A 8.
do
Mch. 1, 1894
6 g. M. A 8. Phila., Penn. RR. Office. Sept. 1, 1908
J. A D.
6
Jan. 1, 1889
Princeton, N. J.
6
M. A N.
Nov. 1, 1889
Philadelphia Office.
A. A O. N. Y., B’k of Commerce.
6
Overdue.
1%
Q.-J. New York and Boston. April 1, 1884
6 g. J. A J.
do
do
1896 to 1899
6
J. A J. U.S. Treas., at maturity. 1896 to 1899
M. A S. New York and Boston. Sept. 1, 1893
8
7
A. A Q,
1888-’89
do
do
8 g. A. & O. London A New York.
April, 1896
1396
8 g- A. A 0.
6
J. A J. N. Y., Union Trust Co.
July 1, 1908
5
J. A D. Boston, N. Engl’d Tr.Co. Dec. 1, 1907
6 g. M. A N. N. Y., 40 Wall Street.
May 1, 1919
do
6 g- F. A A;
4?
6 g.
k
—
1886.
The reorganization plan gave to each of tlie old first mortgage
bondholders one new $1,000 boad and 10 shares new stook; all other
stocks and bond* extinguished; stook. $1,076,000. Abstract of mort
gage tCliarles Moran. Thomas Denny and Cornelius B. Gold, trustees)
V. 45. p. 242.
The accident at Chatsworth, Ill., in August, 1887
by which 79 lives were lost, has caused manv suits for damages against
this companj7. (V. 44,p. 309; V. 44,p 4?5 ; V. 45, p. 232, 242, 573.)
Toledo St Louis 6c Kansas City.—(See Map.)— From Toledo to
St. Louis, 451 miles. On June 26. 1887, the road was made standard
gauge on the Toledo Division, 206 ijiiles, and the balance to East 8t
iLouis is to be made standard during 1888. This company was formed
JuneS.2, 1886, by consolidation, and it took all the main line of the
Tdledo Cin. A 8t. Louis narrow gauge road, foreclosed Dec. 30,1885
The present common stock and the first mortgage bonds were issued
for the purchase of the property, payment of receiver’s liabilities
The Central Branch Union Pacific and leased lines (388 miles) are
operated by the Missouri Pacific under an agreement with Union Pacific
for twenty-five years from
1885, and not included in the mileage oper
ated by Union Pacific. Tlie U. P. also has large interests in the 8t. Jos.
& West. RR., 251 miles; the Utah Central. 280 m.; Leavenworth
Topeka
& S. WM 47 m.; Manhattan Alma &
Burlingame, 56 m. and Nevada Cen¬
tral, 93 m.; total, 738 miles, all of which are operated separately.
In 1886 a lease of the Oregon Railway A
Navigation Company to the
Oregon Short Line, guaranteed by Union Pacific was negotiated.
Organization, Ac.—This company, the Union Paciflo Railway, waa
formed by a consolidation, Jan. 24,1880, of the Union Pacific RR. and
the Kansas Pac. and Denver Pac., made under
authority of the aots of
Congress of July 1, 1862 and July- 2,1864. The Union Pac. RR. waa
chartered by Act of Cjngress of July 1,1862, which gave the
company a
land grant of 12,800 acres per mile, estimated at a total of 12,083,227
acres,
and
a
subsidy
in
U.
S.bonds
of
$27,236,512
on
1.033
miles
of road.
broadening the gauge, Ac., Ac., and $4,000 per mile of said mortgage
The Kansas Pacific was organized as “ Leavenworth Pawnee A West
bonds were reserved for obtaining standard gauge equipment. The
^preferred stock is a coupon stock, non-cumulative, and without voting em’’in 1861; then changed to “Union Pacific, Eastern Division,” June
power; the bonds may be paid off at 105 on notice to the holders. Pro¬ 6,1863, and to “ Kansas Pacific” on March 3, 1869. The Paciflo Rail¬
vision has been made for the payment of interest till 1889 in case road acts of 1862 and 1864 applied to this road, and gave it a subsidy
earnings are insufficient. All the securi'ies arc yet held in trust except of $6,303,000 and a land grant of about 6,000,000 acres.
The Denver Pacific—Denver to Cheyenne, 106 miles—was built under
#2,000,000 of the bonds, $4,805,000 pref. stock and $2,500,000 com¬
the charter of the Union Pacific, E. D. (Kansas Pacific).
mon stock
See fall statement as to this company in V. 43, p. 74; V. 44
As to the debt of the Pacific railroads to the United States Govern¬
p.754. Abstract of mortgage (American Loan A Trust Co. of N. Y
and Joseph E. McDonald, trustees), in V. 45, p. 403. Statement of ment a decision of the U. S. Supreme Court settled the point that the
payment of interest on the loans was not obligatory on the companies
progress in 1887 in V. 46, p. 77.
till the principal of the bonds became due. Afterwards Congress passed
The status of the Tol. Cin. & St. Louis from time to time was given in
the Supplement up to June, 1886. The only stock or bond holders of the Thurman Act, May 7, 1878, which, for the Union Pacific, provided
the Tol. Cin. A St. Louis who received anything for their holdings were that 25 per cent of the net earnings, after deducting interest on the
the first mortgage men, who took 150 in new pref. stock for Tol. Delolios first mortgage bouds and construction and equipment expenditures,
should be paid annually to the Government as follows:
A B. firsts and 100 in new pref. stock for St. Louis Division firsts. (V.
Mrst—
43. p. 73. 369, 432. 580, 634; V. 44, p. 459, 499, 714, 752, 754, 782, Applied directly to interest account, one-half of Government earn¬
ings and 5 per cent of net earnings, after deducting interest on
809; V. 45, p. 26, 393, 403, 472; V. 46, p. 77 )
first mortgage bonds.
Second—To be placed in tbe sinking fund—
Tonawanda Valley 6c Cuba.—Owns from Attica, N. Y. to Cuba,
the other half of the Government earnings and so much of $850,000 as
N. Y., 60 miles. Stock $587,100. $113,000 of 1st mort. bonds were re
may be necessary to make all the payments by the company equal 25
served to redeem same amount of 6 per cent bonds due 1910. Mr.
Bird VV. Spencer was appointed receiver in 1884, and reorganization is per cent of its net earnings. On Dec. 31, 1886, this sink, fund invested
in U. S. bonds (par value) was $5,526,100, and the premium
paid on
pending. Gross earnimrs in 1885-86 (8 mos., closed during rest of fiscal bonds and cash uninvested
was $1,395,708; total, $6,921,809.
year) $10,o24; deficit, $3,195. Gross in 1884-85, $18,694; def., $5,073;
Stock and Bonds.—The capital stock issued and outstanding is
other receipts, $2,929; net deficit, $2,143. (V. 44, p. 235; V. 45, p. 768.)
60,868,500, having been increased about $10,000,000 since the consoliTyrone 6c Clearfield.—East Tyrone Pa., to Curwensville, Pa., 44
ation in 1880. Dividends since 1879 have been as follows: in 1880, 6
miles; branches. 20 miles; total, 64 miles. This company was leased to per cent; in 1881, 6^; in 1882, 7; in 1883,7; in 1884, 3^; none sinoe.
the Pennsylvania Railroad for 50 years In 1382 at $112,400 per annum.
The yearly range in prices of the stock has been—In 1880, 80®113\;
The bonds have a sinking fund of $10,000 per year if they can be
pur¬ in 1881, 105^® 1313*; in 1882, 98*4®119%; in 1883. 70ie®104*: In
chased at or below par. Gross earnings in 1885, $551,000; net, $121,1884,28®845s: inl885,41®62%; in 1886, 44*4®68*4; in 1887, 44363%;
344.
Gross in 1886, $484,142; net, $155,830.
J. N. Du Barry, Presi
in 1888 to Jan. 20, inclusive, 567158^.
dent, Philadelphia, Pa.
Of the Union Pacific collateral trust bonds, the first issue is limited to
Ulster 6c Delaware.—Owns from Rondout (Hudson River), N. Y.; 80 per cent of the following bonds: Omaha A Republican Valley RR.,
to Stamford, N. Y., 74 miles; branch to Hobart, leaded, 4 miles; total, $1,037,000; Colorado Central Railroad bonds, $2,105,000; Utah North¬
ern
78 miles. This was the Rondout A Oswego in 1870, reorganized May
Railroad, $2,387,000; total, $5,529,000. The collateral trust
28,
1872, as New YTork Kingston A Syracuse, and again after foreclosure, bonds of 1883 are secured by the following bonds: Colorado Central RR.
May 1, 1875, as Ulster A Delaware. The stock is $1,152,100. There $1,397,000; Utah & Northern RR. $2,231,000; Omaha A Rep. Valley
axe also $50,000 real estate
mortg. bonds. In year ending Sept. 30, ’87, RR. $684,000; Utah Southern RR. extension $93,000; Denver So. Park
the gross earnings were $353,535; net earnings $130,711; surplus A Pac., $1,799,000; total, $6,204,000.
The outstanding bonds of Kansas Pacific above are given less the
■over interest, $61,749.
In lb85 86, gross, $339,566; net, $140,471.
amounts of each class held by the trustees of the general mort. TheoonThomas Cornell is President, Rondout, N. Y.
sol. mortg. trustees are Jay Gould and Russell Sage, and they held in
United New Jersey Railroad 6c Canal Co.—Lines of Road.—
New York to Philadelphia and branches, 135 miles; Camden to Ambov trust on Jan. 1, 1887, the following bonds oi the Kansas Pacific, making
$6,799,150 in all, viz.: Leavenworth Branch, $58 i,000; income (unsub¬
and branches, 226 miles; Trenton to Manunka Chunk and
branches,
81 miles: total operated, 443 miles. Delaware & Raritan Canal, 66 miles. ordinated) bonds. $217,750; income (subordinated) bonds, $3,948,400;
This company was formed by a consolidation in 1867 of the Delaware & Cheyenne Branch Den. Pac. bonds, $2,051,000. They also held $1,997,500 of the stocks and $3,160,000 of the bonds of other companies
Raritan Canal Company, the Camden & Amboy Railroad,
and the New controlled by the Union Pacific.
Jersey Railroad & Transportation Company. The United New Jersey
Land Grant.—The proceeds of land sales on the Union Paciflo main
Railroad A Canal Companies were leased in May, 1871. to the Penn¬
line are
sylvania Railroad for 999 years, at a rental or 10 per cent on the that to applicable to tbe principal ot the land grant bonds, and after
the sinking fund mortgage 8 per cent bonds. On the Kansas
stock, oesides interest on bonds. The smaller leased roads were taken
Pacific the cash income from land is applied to the general mortgage. On
with their several contracts. The lease has not been
directly
profitable
in cash receipts to the Pennsylvania Railroad, and the net loss in 1879 Deo. 31 *86. the company had in cash from the Un^Paeific grant the sum
of $4,912,906, and in land contracts $9,095,341, which sums are appli¬
was $939,889; in 1880, $1,035,308; in 1881, $302,864
; in 1882, $568,cable first to the payment of the land grant bonds, and then to the pay¬
759; in 1883, $635,914; in 1884, $593,536; in 1885, $159,496; in 1886,
ment of the 8 per cent sinking fund bonds due in 1893. On Jan 1,1887,
$179,016; but the connection with New York was indispensable. Oper¬
the U. Pac. lands unsold were 3,175,507 acres, estimated at $2,395,507;
ations and earnings are included in the Pennsylvania RR. report.
the K. P. lands unsold, 3,883,700 acres, estimated at $11,608,763.
The sales in 1884, 1885 and 1886 were as follows:
Union Pacific Railway.—(See Map.)—Lines of Road.—Main
fine—Council Blutts to Ogden and branches, 1,049 miles;
other
Union Pacific—
1885.
1884.
1886.
branches—Kansas City to Denver. 643; Denver to Cheyenne, 106;
Leavenworth to Lawrence, 34; total owned, 1,832 miles; controlled Acres sold
4,321.043
743,704
146,189
and operated in the. Union Pacflo system
$6.51'/,773 $1,223,227
$179,103
January, 1887—Omaha A Amouut
Repub. Valley RR., 289 miles; OmahaN. & Black Hills RR., 115: Color¬ Average price
$1 65
$i 22
$1 52
ado Central RR., 327; Echo A Park City RR., 32; Utah A Northern
Kan. PacificRR.,
466 ; Lawrence A Emporia RR., 31; Junction City A Ft.
452,566
Kearney, 88; Acres sold
690,294
225,623
Solomon RR., 57; Salina A Southw’n, 35; Kan. Cen ,167; Den. A Boulder Amount
$1,917,876
$2,817,159 $1,049,122
Valley., 27; Golden Boulder & Car., 5; Oregon Short Line and branch, Average price
$4211a
$108
$4 68
611; Greeley Salt Lake A Pacific, 54; Denver South Park A Pacific. 322;
TotalSalt Lake & Western, 57; Georgetown Breckenridge & Leadville. 8 miles;
4,773.609
1,433,999
1,571,812
Montana Railway, 9 miles; Denver A Middle Park, 4 miles; Denvef Acres sold
$8,435,649
$4,040,387
$1,228,225
Marshall A Boulder, 27 miles; Laramie No. Park & Pao., 14 miles; Man¬ Amount
hattan & Blue Valley, 54 miles; Marysville A Blue Valley, 13 miles:
The Kansas Pacific lands, from the 380th mile westward, are oovered
Salina Lincoln A Western, 35 miles; total thus controlled, 2,762 miles; first
by the Denver Division mortgage, and all the lands of the Kan. Pao,
total operated in the U. P. system Jan. 1,1887, 4,594 miles.
by the consol, mortgage.
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N
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[Vol.
XLvr.
RAILROAD
January, 1888. J
Subscribers will confer
a
first page
5
Miles
of
Union Pacific— (Continned)—
Kansas Pac., 1st mort;., gold, 140th to 393d mile,
do
2d M.(to U.S.Gov.) on 394m.W. Mo.R.
do 1st,394th to 639th in., l.g., 3,000,000 acs
do
Income bds, coup., 3d M.on 427 miles
Utah Central—Stock
253
394
245
427
280
113
mortgage
o
..
c
Utica Clinton dt Binghamton—1st mortg
p. o. guar, by D. L. A W...
mortgage
YaUey (Ohio)—1st mortgage, Clev. to Canton
Consol, mortgage gold (for $4,000,000)
YaUey (Ya.)—1st mortgage
o
Vermont, dt Mass.—Stock, 6 p. or. guar, by Fitohb...
Bonds of 1883 (guaranteed by Fitchburg RR.)...
Vermont Valley of 1871—Stock
•
•
mm
....
6,189,000
109,200
4,225,000
...
1
1,950.000
1,950,000
5,543,000
2,223,000
1,107,000
50
24
....
184-657
1,000
Operations, Finances, &c.—The Union Pacific has made large earn ■
Ings and until 1883 and 1884 operated its road at a low percentage of
expenses. The competition and reduction of rates by building of new
lines was the main cause for the decline in earnings. The company has
extended rapidly and built and acquired much new mileage, of which
the Utah Northern and Oregon Short Line are two of the most import¬
ant branches.
From Jan. 1 to Oct. 31, 1887 (10 mos.). gross earnings were $23,716,.308, against $21.58%212 in 1886; net, $10,0u5.271 .against $8,033,114.
The annual report for 1886 was in the Chronicle, V. 44, p. 4 32, 43c,
and the following figures were given for the whole sy tem operated:
FISCAL RESULTS.
1886.
4,519
$
5.809.018
18,193,255
l,9~2,899
4,594
$
6,096 237
18,588,744
1,918,815
14,868,115
25,925.172
16,157,721
26.603,796
17,608,619
10,789,175
9,767,451
8,995,177
57 95
62-32
6219
2^
5
7
6
6
3
5
3
5
3,193,000
1,000,000
1,000.000
800,000
50
1880
1885.
143,000
4,000.000
790,000
750,000
400,000
1,600,000
1,700,000
750,000
100
....
7
7
7
5
3
6 & 7
200,000
1,000
1,000
1833
3i*
500,000
100, Ac.
*
1
6 g.
7
7
7
1,000,000
mm'
Rate per When Where Payable, and by
Whom.
Cent.
Payable
6 g.
6
6 g.
7
6,303.000
•
1881
1879
1881
1881
....
5.
operated Deo. 31
4,476
Earnings from—
$
Passengers
6,070,897
Freight
17.092,927
Mail, express and miscellaneous... 2,493,466
$4,063,000
....
12
12
59
76
113
59
1st
Miles
Outstanding
Value.
....
YaUey (N. Y.)—Stock, 5
1884.
Amount
....
.
Ogdensburg & Morristown, 1st mortgage
o
Utica Chen. dt Susq. Vaf. —St’k, 6 p. c. gu. by D. L. A W.
boiuls—Princi
INTEREST OR DIVIDENDS.
or
Par
....
o
Clayton A Theresa, 1st mortgage, guaranteed
1st mortgage
BONDS.
-
Size,
1866
$1,000
1865-7
1869
1,000
1866
50 Ac.
100
36^ 1870
1,000
105
1879
1,000
1879
138
1.000
462
1878
1,000
180
100
87
1871
500 Ac.
500 Ac.
36
1874
16
500 Ao.
10
1883
1,000
97
100
31 ’66-’72 500 Ao.
1st mortgage, gold
—
Utah Southern, general mortg. (for $1,950,000)..
Utah South. Extern, 1st M., Juab to Frisco
Utah dt Northern — 1st mortgage
"Utica dt Bl. Eir.—St’ir,7p.o.gu.inperpet.byR. vV.&O.
Black River A Morristown, 1st
Date
of
Road. Bonds.
of tables.
Mortgage bonds
AND
great favor by giving Immediate notice of any error discovered In these Tables*
DESCRIPTION.
on
STOCKS
pal,When Due
Stock*—Last.
Dividend.
& D. New York, 40 Wall St.
J.
June 1, 1896
1895 to '97
M. & N. N. Y„ Lend. A FrankTt. Sept. 1, 1899
N,
M. & S.
Y., Bk. of Commerce July 1, 1916
New York, 40 Wall St.
Oot„ 1884.
J
A J.
do
do
Jan. 1, 1890
j,
A J.
do
do
July 1, 1909
J. & J.
do
do
July 1, 1909
J. & J. New York, 40 Wall St.
July 1, 1908
M. & S.
N. Y„ R. W. A O. Co.
Sept., 1887
N. Y. Cent. Trust Co,
J. & J.
Jan. 1, 1891
J. & J.
do
do
Jan. 1, 1894
J. & J.
do
do
July 1, 1898
J. & J.
do
do
Jan. 1, 1891
M. & N. N. Y„ D. L. A W. RR.
Nov. 1, 1887
I. A J. Utica, Oneida Nat. B’k.
Jan. 1, 1890
J. A J.
N. Y., D. L. AW.
Jan., 1888
do
F. A A
do
Aug. 1, 1911
J. A D. New York, Cent. Tr. Co. June 15, 1906
M. A 8.
do
do
Sept 1,1921
A. A O.
Balt, and New York.
Oct. 1, 1921
A. A O.
Boston. Office.
Oct. 7, 1887
M. A N. Boston. Fitchburg RR. May 1, 190S
J. A J.
Bellows Falls.
Jan. 2, 1888
A. A O. Dost., SafeDep. ATr.Co Oct.
1, 1910
-(V. 43, p. 50, 164, 192, 245, 275, 309, 353, 366, 548, 608, 672, 738;
V. 44. p. 22, 23, 60, 118, 149. 212, 344, 413. 432, 435,
436, 586, 621,
782; V. 45, p. 53, 142, 203, 539; V. 46, p. 38.)
Utah Central—(See Map Un. Pacific)— From Ogden, Utah, to Frisco,
280 miles. A consolidation July 1, 1881, of the Utah Central, Utah
Southern aud Utah Southern Extension. The road is controlled through
ownership of stock by Union Pacitto. For 1885 gross, $742,240 ; net,
$287,8-53; fixed charges, $340,924; deficit, $53 071. In 1886, gross,
$-71,800: net, $312,965; oharges, $355,996 ; deficit, $13,031. (V. 45,
p. 203.)
Utah Sc Northern—(8ec Map Union Pacific)—From Ogden, Utah,
to Garrison, and the line of Northern Pacitto, with branches to Butte
City and Anaconda Mines
;
total, 466 miles.
This road forms
a connec¬
tion between the Northern Pacific at Garrison, Montana, and the Union
Pacific at Ogden. Stock $5,543,000, and 6 per omit dividend paid in
1884, and 1 per cent Jan , 1885. The road was built by Union Paoiflo,
whiohowns $4,816,400 stock and $4,968,000 bonds. For the year 1885,
$1,910,555; net. $288,935. In 1886. gross. $2,050,439;
net, $459,418; interest, Ao., $388,010; surplus. $72,959.—(V. 43, p,
gross earnings,
Total
Operating
earnings
expenses
25,657,290
and taxes
Net earnings
Per cent of earnings to expenses...
*
Not
ACCOUNT,
1884.
‘
1885.
$
10,789.175
Receipts—
Net earnings
Investments, premiums, Ac..
9,637,441
1,382,811
10,335
66,474
Received from trustees K. P.
mort. on account of interest
Protit and loss
1886.
$
8,995,179
890,020
$
406,416
7,455
Income from inve-tments
Miscellaneous land sales
13 015
670,341
eon.
249,416
207,110
1,113,600
101.927
Total income
Expenditures—
11,518,936
11,287,697
11,784,032
Interest on bonds
Discount and interest
Losses on invest., prem., Ac.
5,397,070
5,336,267
5,197,731
366,077
356,133
67,224
Sinking fund, company’s bonds
Interest-auxiliary lines
Land taxes, Ac., Union Div
Loss on Leav. Top. A S. RR
591,540
1,213,036
84,839
Total expenditure
Surplus income
Less— U. 8. requirements
Total surplus
*
income
93,945
593,6o5
1,191,010
31*, 920
21.579
591*965
1,293.309
62,640
11,722
7,652,562
3,866,374
3,655,23 i
7,229.681
4,554,401
1,187,110
1,184,053
808,033
2,679,264
2,471,180
3,746,303
7,632.461
The difference ($80,010) between these
figures and the net earnings
given above is accounted for by deductions made this year to allow
proper comparisons.
A comparison of the condensed balance sheet for three years is as
as
follows:
GENERAL BALANCE AT CLOSE OF EACH YEAR.
Assets—
Road, equipment, Ac
1884.
1885.
$
$
159,298,919
39,233.527
680,891
3,415,280
1,683,432
158,918,607
Stocks and bonds owned, oost.. 37,499,325
Miscellaneous investments
620.640
Advances
4,797,936
1,220,612
Materials, fuel, Ac
Cash and cash resources
Denver Extension sink’g fund.
Trut-t 5 per cent sinking fund..
Bonds and stocks held m trust.
Land department assets
“407,606
3,21*5^200
Interest accrued not due
General income (protit and loss)
ncome used for sinking fund..
Land and trust income
Total liabilities
70,440
$,
161,283.638
35,529.187
755,750
5,697,670
2,889.218
1,351,190
638,639
68,8*8
3,217,250
18,599,519
226,279,509
230,030,959
60,368,500
81,969,127
3,237,697
60,868,500
81,957,682
33,539,512
15,167,214
fl,861,445
788,671
774.104
758,4*93
t7.837,350
2,383,029
14,180,742
U0,493,234
2,976,634
13,641,134
13,827,456
3,568,599
19,828,519
222,333,523
226,279,509
230,030,959
Total...
222,333,523
LcrMlities—
Btcck
60,868,500
Ponded debt/.
84, l73,28o
United States subsidy bonds... 33,539,512
Accrued int. on subsidy bonds. 15,324,738
Floating debt
"*522,180
1886.
3.215,250
18,159,290
15,654.203
33,5 ->9,512
15,670,753
t After deducting deficit of U. 8. requirements, as compared with
aeoTued interest on U. 8. bonds Feb. 1,1880, to date.
t Not including 916,704 due to U. S. under Thurman Act, paid April
,M, 1885
Utica Sc Black River.—Utica, N. Y., to
Ogdensburg, N. Y., 134
miles; Carthage to Sackett’s Harbor (leased), 30 miles; Clayton to
Therp^a, 16 miles; total, 180 miles. A consolidation with leased lines
made in Mar,, 1886, embracing this mileage. In April, 1886, the road
leased in perpetuity to the Rome Watertown A Ogdensburg RR.
Co, at a rental guaranteed to pay fixed charges and 7 per oent yearly
on the stock, an i in Jan., 1888, stockholders were notified that they
had the option of exchanging their stick on the basis of 100 shares
($10,000) fur $6,500 in R. W. & O. 5 per cent consol, bonds and $7,500
in R. W. A O. stock.
(V. 44, p. 276; V, 46, p. 76.)
was
was
including company’s freight.
INCOME
12 u)
Utica Chenango Sc Susquehanna Valley.—Owns from
N. Y., to Greene, N. Y., 75 miles; brauch to Richfield Springs, 22
total, 97 miles.
Utica,
miles;
Leased to Del. Lack. A
Road opened Octobor, 1872.
Has no bonded debt.
Western at 6 per cent on stock.
Utica Clinton Sc Binghamton.—Owns from Utica, N.Y., to
Randallviile, N. Y., 31 miles, and leases Rome & Clinton Railroad, 13
miles.
Total, 44 iniles. Opened June 22, 1872, and leased t-o New
York & Oswego Midland Railroad.
The lease was transferred to
the Delaware A Hudson Canal Co., and subsequently to N. Y. Ontario St
Western, which pays the rental of $70,500 p< r annum for U. Cl. A B.
and $25,500 for Rome & Clinton. The road was operated by the Del.
Lack. A West, till April 1. 1883. Gross earuiiu's in 1884-8 % $218,802;
net, $24,176. Gross in 1885-6, $229,400; net, $105,660
Capital stook,
$84%
of which city of Utica holds $200,000, with interest; guaran¬
teed 5 per cent, James l. Scollard, Pres., Clinton, N. 5'.
Valley (N.- Y.) Railroad.—Owns from Binghamton, N. Y., to State
lino of Pennsylvania. 12 miles.
Opened October, 1871.
Leased to
Delaware Lackawanna A Western at 8 i>er ceut per annum on stock,
which was reduced in 1882 to 5 per cent, the lessee assuming the interest
Samuel Sloan, President. Now York City.
on bonds.
Valley (Ohio).—Owns from Cleveland, O., to Valley Junction, O.,
75
mites, and 20 miles of small branches. Of the consol, mortgage
$1,600,000 is held in trust to retire the first mortgage when due. The
consol, mortgage is a first lien on the Cleveland terminal property
Capital. $1,257,397, par $50.
Earnings
in
1886,
$628,45C;
net, $303,8 >7. Earnings in 1835, $569,192; net, $261,446; surplus
over payments, $35,793.
(V. 43, p. 572 ; V. 44, p. 527.)
Valley (Va.)—Owns from Harrisonburg to Lexington, Va.. 62 miles.
By this and connecting lines under B. & O. control, the distance from
Lexington is 243 miles to Baltimore and 217 miles to Washington. Ths
Baltimore & Ohio has a large interest in its securities.
In year ending
Sept. 30, 1887, gm83 earnings were $122,272; net, $43,369; 1885-86,
gross receipts, $125,667; net, $37,303.
(V. 43, p. 608; V. 45, p. 673.)
Vermont Sc TOassachnsetta.—lane of road, Fitchburg to Green¬
field, Mass., 56 miles: branch, 3 miles. The road is leased to the Fitch¬
burg RR. for 999 years at 6 per oent on stock. (V. 43, p. 636.)
Vermont Valley of 1871.—Owns from Bellows Falls to Brattleboro, Vt., 24 miles, and by purchase of stook the Sullivan County
RR. from Bellows Falls to Windsor. Vt., 26 miles; total, 50 miles.
Con¬
trolled in the interest of the Connecticut River RR. The Sullivan
County RR. stock is deposited as collateral security for the above
mort. bonds.
Earns., &c., for whole line in years ending Sept. 30, were :
Years.
Miles.
50
50
50
Passenger
Freight (ton)
Mileage.
Mileage.
Gross
Net
Divid’d.
Earnings. Earnings. Perot.
$373,598 $110,747
6
4,246.085
4,559.950
26.093.466
402,427
125,540
6
4,633,481
25,333,474
406,349
126,370
6
20.199,299
Vicksburg Sc meridian.—Line of Road.—Vicksburg to Meridian,
Miss., and brauch, 143 miles. In Oct., 1885, the gauge was changed to the
standard 4 feet 8 *a inches, and the transfer across the Mississippi at
Vicksburg was completed. It is mainly owned and controlled by the
Ala. N. O. Tex. & Pac. Juno. Co, The company was unable to earn full
Interest., and reorganization was made in 1881. Preferred stock, $1,940,—
>
INVESTORS’
116
Subscribers will confer a great
For explanation of column headings, Ac., see notes
first page
of tables.
140
cumulative)
Vicksb. Shrevep. <£ Pac—Prior lien mort., gold
1st mortgage, gold
3d M., and 1st M. on land, g., for
Income bonds
Miles
of
Road.
140
140
Vicksburg <6 Meridian—1st mortgage
2d mortgage
3d mortgage income (not
.
..c*
c*
$2,500,000.. .c*
189
189
189
2d series
3d series
4 th series
5th series
6th series
Wabash St. Louis dt Pacific—Stock, common.
Preferred stock, 7 percent (not cumulative)
1st mol t., gold (Chic. Div.)
1st mort.,
gold, Detroit Division
Wabash, 1st mort. (Toledo A Illinois)
1st mort. (Lake Erie Wab. A St. L.)
ls^mort. (Great Western of 1859)
1st: mort. (Quincy A Toledo)
1st!mort. (Ill. & So. Iowa) extended
2d mortgage (Toledo A Wabash)
2d mortgage (Wabash A Western)
2d mortgage (Great West, of 1859)
Consol. M., (on all but Dec. & E St.L.)..
common
1881
1881
1881
1885
1881
1886
$1,000
stock, $3,962,100.
1.000
500 Ac.
1,L00
1,000
1,000
....
....
....
262
112
75
2 67
180
33
29
75
167
180
490
.
«
.
INTEREST OR DIVIDENDS.
Amount
Outstanding
Rate per
Cent.
Where Payable, and by
Whom.
payable
$1,000,000
1,100,000
1,920,000
1,323,000
4,000,000
2,100 000
i, (.00,000
6
4 to 6
7
6 g.
0 g3-4-5 g.
A. Ac O. Last cp.
M. A N. Last cp.
100
...
347
52
...
Virginia <£ Truckee— l st M. (pay’ble $100,000 a year)
;
Par
Value.
1881
1881
1881
1881
1881
1881
1882
1886
1874
....
mortgage bonds strictly cumulative
Gen’lmoit., int guar, by R. A D., $12,500,000.e/
C12
Size, or
.
Bonds, 1st series
do
do
do
do
do
do
do
do
Date
of
Bonds
354
Virginia M id Land—Stock
do
do
do
do
do
Inoome
lvol. xlvi.
favor by giving immediate notice of any error discovered in tbese Tables.
DESCRIPTION.
on
SUPPLEMENT.
l,90()j000
1,100,000
.
.
•
943,800
1,775,000
1,309,000
450,000
3,837,000
200,000
•
....
1,000
1,000
1,000
1880
1881
1853
1853
1863
1865
1862
1853
1858
1865
1867
4,500,000
2,052,000
900,000
2,500,000
2,496,000
1,000
500,000
500 Ac.
250 Ac.
100 Ac.
300,000
1,000,000
1,500,000
2,500,000
2,610,000
1,000
1,000
A receiver was appointed in 1885 on
Stocks—Last
Dividend.
paid Apr., 18 85 April 1, 1921
paid Nov., 1884 May 1, 1921
M. & N. N.Y., Farmers’L.AT.Co.
J. A J.
do
do
do
J. A J.
do
6
6
3-4-5
5
4 A 5
6
5
10
M.
M.
M.
M.
M.
&
Ac
A
A
A
M. A
J. A
M. &
S. Balto., Mech. Nat.Bank.
do
8.
8.
do
S.
do
do
8.
do
S.
J.
Last paid Julv, 1884
N. N.Y., Central Trust Co.
Q.-F. San Fran., Bank of Cal.
—
1,000
1,000
1,000
1,000
3,000
pal,When Due.
June
Nov.
Jan.
Jan.
1, 1921
1, 1915
1, 1920
1, 1916
Mar.
Mar.
Mar.
Mar.
Mar.
Mar.
Jan.
1, 1906
,
6
(?)
(^)
....
Roads—Princi¬
....
4,940,363
600,000
....
When
•
5 g.
6 g.
7
7
7
7
6
7
7
7
7
1, 1911
1,
1,
1,
1,
1,
May 1,
Aug. 1,
1916
1921
1926
1931
1927
1936
1889
....
J.
J.
F.
F.
F.
M.
F.
M.
M.
M.
J. Last
J. Last
A. Last
A. Last
A. Last
A N. Last
A A. Last
A N-. Last
A N. Last
A N. Last
Q.-F. Last
A
A
Ac
Ac
A
paid
paid
paid
paid
paid
paid
paid
paid
paid
paid
paid
Ian.
Jan.
Feb.
Feb.
Feb.
May
Feb.
Nov.
Nov.
Nov.
Nov.
1,1886
1884
1, 188
1,1886
1,188u
1,1886
1, 1886
1, 1884
1,1884
1, 1884
1, 1884
July 1, 1910
July 1, 1921
Aug. 1, 1890
Aug. 1, 1890
Aug., 1888
Nov. 1, 1890
Aug. 1, 1912
May 1. 1893
May 1, 1893
May 1, 1893
Feb., 1907
Including Pittsville Branch and lease of Franklin & Pittsylvania RR.,
outline of the proposed plan of and a sixth lieu on lease of Charlottesville Ac Rapidan Railroad.
The income mortgage bonds were issued to retire 1st and 2d preferred
ieorganization was given in the Chkonjcle, V. 44, p. 714, and modilicatiornin V. 45. p. 113. Foreclosure proceedings under 2d mort. are in stock; tbe interest is strictly cumulative, and secured by the mortgage,
progress. Annual report for year ending March 31, 1887, in Chron¬ aud in July, 1885, the coupon due July, 1884, was paid. These bonds
"judgment obtained against it. and
icle of
an
May 28, 1887, p. 680.
are
RECEIPTS AND EXPENDITURES FOR YEARS ENDING MARCH
31.
1886-7.
143
1884-5.
140
1885-6.
140
.$190,215
300,026
$169,162
$164,818
$155,903
296,973
9,307
5,342
8,991
11,927
6,445
11,095
307,609
13,089
7,467
10,320
345,268
13,105
10,303
1883-4.
140
Miles road operated
Earnmgs—
Passenger
Freight
.
Mail
Express
Miscellaneous
7,191
exchangeable into the general luortgage bonds bearing 5
p. o.
inter¬
est, and guaranteed under the lease by the Rich. A Danville RR. Co.
Of the general mortgage bonds of 1886, $7,635,000 are held ton tire
the seiiai bonds, also enough for the incomes. There was due the R. &
D. Co. 8epr. 30, 1887, $304,632.
From Oct. 1 to Dee. 31, 1887 (3
months), gross earnings were $432,233, agaiust $399,901 in 188r;; net, $183,014, against $136,101.
Earnings for the years ending September 30 were:
Miles.
Gross receipts.
Operat’g exp’ses. Net receipts.
1381-82
$1,491,921
$945,116
$546,804
1882-83
354
956.191
1,664,204
708,009
....
....
....
394,061
$495,603
443,939
$503,304
426,498
$531,772
481,362
$119,823
$51,663
$76,806
$47,409
$16,800
103,083
3,292
7,019
Forexpensesof landdep’t...
$17,550
7,633
4,477
$16,741
114,083
15,894
4,416
$18,2*5
125,083
14,232
paym'ts charg’ble to rev.$130,225
$133,660
$151,135
$161,899
$114,489
.$513,884
Total
Operating expenses
Net earnings
Chargeable against revenue
For taxes
For interest on bonds
Forint, on current accounts.
Tot.
,
104,000
$81,997
$74,329
—(V. 43, p. 636; V. 44, p. 586, 680. 714 ; V. 45, p. 54, 113.)
$10,402
Net deficit
4,298
Vicksburg Slireveport Ac Pacific.—-See Map Cincinnati Xew
Orleans <£ Texas Pacific. From Delta, La., on Mississippi River, to
Shreveport, 169 miles, and extension to Texas State Line. 20 miles
(the latter leased to Tex. & Pae.); total, 189 miles. The old Vicksburg
Shreveport Ac Pacific road was sold in foreclosure Dec. 1, 1879, and
reorganized under present title. The stock was $3,000,000, but was
reduced to $1,650,000, of which the Alabama New Orleans
Ac
Pacific Junction Railroad Company
holds a majority, ami
controls this company, also holding $3,692,000 of the 1st mortg. bonds
Texas
and $1,931,000 incomes.
In 1885 it was voted to issue the above prior
lien bonds lor improving the road bed, completing the transfer across
the Miss. River, Ac. In 1886 the old income Ponds of $3,500,000 and
the stock were exchange d for-3d mortgage and land bonds (see V. 43,
p. 104).
Tne annual report was in V. 45, p. 537. Trustees of prior
lien mort. and of 3d mort., Central Trust Co,; of first mort., Farmois’
Loan A Trust Co.
In year ending June 3 ', 1887, gross receipts were
$561,317; net, $144,899; in 1885-86 gioss $484,811; net, $1-0,454. (V.
43, p. 104; V. 45, p, 5 37.)
Midland.—(See Map of Richmond <C Danville.)—Lise
Alexandria to Gordonsville, 88 miles; Waireuton
Branch, 9 miles; Charlottesville to Lynchburg, 60 miles; Lynchburg
Virginia
OF
Road.
—
From
to Danville, 6B miles; Pittsville Branch, 9 miles; Manassas Junction
ho Harrisonburg, 114 miles (of which 49 miles leased to Baltimoie A
Ohio; small branches,|8 miles; total owned, 347 miles. Leased, Orange
C. H. to Charlottesville, 28 miles; Pittsville to Rocky Mt., 30 miles;
total leased, 58 miles. Total owned and leased, 413 miles, of which 51
miles, Strasburg Junction to Harrisonburg, is leased to the Balt. A Ohio,
leaving 362 miles operated.
The Washington City Virginia Midland Ac Great Southern was a con¬
solidation (November, 1872) of the Orange Alexandria Ac Mauassas and
Lynchburg Ac Danville railroads. Tile Orange Alexandria A Manassas
consolidation (June 1, 1867) of the Orange A Alexandria and the
Manassas Gap. The Washington City Virginia Midland A Great South¬
was a
put into the bauds of a receiver July 1, 1876, interest being in
default, and was sold in foreclosure May 13, 1880, and after litigation
sold again Dec. 20, 1&80. Reorganized as Virginia Midland, and bonds
and stock issued as above.
In April, 1886, a lease of this road was made to the Richmond A DanYllle on the basis of a payment of the fixed charges and the payment
by the lessee of any balance of net earnings to the Va. Midland Co. The
lessee may if it chooses advance the money for interest on the six
series of prior bonds if earnings are insuffich nt, but guarantees posi¬
ern was
tively the general mortgage nterest.
Of the above bonds, the first series is a first lien between Alexandria
and Gordonsville, including lease of Charlottesville A Rapidan Railroad
and the Warrenton Branch; the second series is a second lieu between
Alexandria and Gordonsville, including Warrenton Branch and lease of
Charlottesville and Rapidan RR.,and a first lieu between Charlottesville
and
Lynchburg; the third series is a third lieu between Alexandria and
Gordonsville, including Warrenton Braueh and lease of Charlottesville
A Rapidan RR., and a second lien between Charlottesville and Lynch¬
burg; the fourth series is
a
fourth lien between Alexandria and Gordons¬
ville, including Warrenton Branch and lease of Charlottesville A Rapidan
RR.. and a third lieu between Charlottesville and Lynchburg; the fifth
scries is a first lien between Manassas Junction and Harrisonburg, ineluding Front Royal Branch and lease of road from Strasburg to Harris
sonburg to the B. & O. RK., and a fifth lieu between Alexandria and
Gordonsville, including Warrenton Branch and lease of Charlottesville
A Rapidan RR., and a fourth lien between Charlottesville and Lynch¬
burg; the sixth series is a first lien between Lynchburg and Danville,
1983-84
1884-85
1885-86
1886-87
....
....
354
354
354
367
1,625.830
1,554,375
1,551,703
999,217
990.432
626,612
563.943
519,272
-583,929
1,032,431
1,635,667
1,051,739
New York Office, 2 Wall'St. (V. 43, p. 488 ; V. 44, p. 204, 681; V. 45,
p. 85.)
....
Virginia & Truckee.—Reno, Nev
.
to Virginia, New, 52 miles.
payable $100,000 per year.
Gross earnings in 1886
$702,891; net, $353,544; dividends, $270,000; interest and
bond payments, $303,170.
In 1885, gross, $599,149; net, $282,668;
interest paid, $47,500; dividends. $180,000; bonds redeemed,$100,000 ; deficit, $44,832. D. O. Mills, President.
The bonds
are.
were
Wabash St. Louis & Pacific.—1The roads East of the Mississippi
River (operated by Receiver John McNulta, exee.pt tbe Detroit Division)
embrace the following pieces covered by theseveial mortgages: Toledo
A Illinois first mortgages—Toledo to Indiana State line, 75 miles; Toledo &
Wabash, second mortgages—Toledo to Indiana St ate line, 75 miles; Lake
Erie Wabash A 8t. Louis, first mortgages—Ohio 8tate line to Illinois State
line, 166 milts; Wabash A Western, secoud mortgage, Ohio State Uue
to Illinois State line, 166 miles: Great Western of ls59, first and second
mortgage-Indiana State line to Meiedusia and Naples. III.. 180 miles;
Illinois A Southern Iowa, 1st mortgage—Clayton to Carthage, Ill., 29
miles; Quincy & Toledo, 1st mortgage—Clayton to Moredosia, Ill, 33
miles; Decatur A East Sr. Louis, first mortgage—Decatur to E. St.Louis,
10*1 mile.-; Hannibal A Naples, 1st mortgage-Hannibal*
Mo., to Naples,
Ill., 50 miles; Wab. St. L. A Pacific (Chicago Division), 1st mortgage—
Sneator, Ill., to Eltingham and Altamont aud Strawn to Chicago, 268
miles; Wab. St. L. A Pacific (Detroit D. vision), 1st mortgage—Detroit to
Butler, led., 114 miles. The total mileage opt rated is 956.
Organization. Leases, Ac.—The Wabash St. Louis A Pacific was
formed Nov. 7, 1879, by a consolidation of the Wabash aud the St. Louis
Kansas City A Northern roads and their branches. The Wabash Com¬
pany had been organized Jan. 1, 1877, as successor of the Toledo Wab.
A West., which company was formed June 25, 1856, by a consolidation
of several companies, and defaulted on its interest in 1875 and was fore¬
closed June 10, 1876. The St. Louis Kansas City A Northern was
formed in 1871 as successor of the North Missouri Railroad, which was
sold in foreclosure. August 26, 1871.
In April, 1883, tne Wabash St. Louis A Pacific wras leased for 99 years
to the St. Louis A Iron Mountain (and thus to the Missouri Pacific), on
the general basis of paying over to the Wabash its uet earnings each
year.
In May,
1884, Messrs. Solon Humphreys aud Thos. E. Tutt were
appointed receivers on the company’s own application in view of the
prospective default June 1 ou the, general mortgage bonds. Receivers*'
certificates were issued for about $1,400,000 and notes for $2,183,000,
to take up notes endorsed by Messrs. Gould, Humphreys and others, but
these were finally taken up by leaving to the said endor.-era the $2,700,000 of collateral trust bonds held by them as security
The plan of reorganization under which the properties were sold in
1886 was published, as modified, in V. 41, p. 300, providing for the
issue of $30,000,000 new debentufe bonds, to be disposed of as there
stated; also the following points were embraced in the plan:
The whole pioperty to be foreclosed tinder the general and collateral
trust mortgages, an 1 upon'receipt of the new debenture bonds, the hold¬
ers of general mongage and collateral trust bond certificates to pay
two per cent In cash on the face of the new bonds, for which they would
receive debenture bonds or scrip.
After the formation of the new company, the Purchasing Committee
will offer the new stock to the stockholders of the Wabash St. Louie A
Pacific Railway Company, at the rate of eight dollars per share on pre¬
ferred, and six dollais per share on common’stock, who, for the amount
so oaid, will be entitled to debenture bonds, or scrip, dollar for dollar,
in addition to the shares in the new company.
The bondholders agree to take any stock and debenture bonds not
accepted by stockholders, upon the same terms, pro rata, the amount,
however, not to exceed five per cent on the face or their bonds.
The decree of foreclosure was made in January, 1886, and the road
sold April 26, 1886, to the purchasing committee, who were the only
b dders, the price for all the properties sold being $635,000. (See
V. 42, p. 537.) But there was some delay in the confirmation of
sale,
about
the
floating liabilities including receivers’ debt, Ac., being
$4,000,000, and there yet remained a large amount of over-
RAILROAD
January, 188 8. |
Subscribers will confer
a
STOCKS
nr
!
Miles
For explanation of column headings, Ac., see notes
of
on first page of tables.
Road
Wabash St. Louis <£ Pacific— ( Continuedi —
Wabash, 1st mort., (Decatur AE. St. Louis)
do
Fund, debt hds. A sc, certs, (see remarks.)
do
Mort., gold, sink. fd. $25,000 after ’82..
Hannibal A Naples, 1st mortgage
Wabash Western Stock
St. L. K.C. A No., 1st mort. (North Missouri)
do
real estate A railway 2d mort
—
109
..
....
....
50
Date
Size,
do 1st A2d M.onSt. Ohar.Bridge.eoup.orrg
St. Louis Council Blufi's A Omaha—Stock
St. Louis Ottumwa A C. R.—1st mort
Des Moines A Northwestern—1st inert
Ware Rivet—Stock, 1% rental guar.999 yrs.B.AAlb.
Warren (N.J.)—Stock, 7 % rental D. L. A W
2d mortgage, now 1st
lsteonsol. mortgage
Washington City <& Pi. Lookout—1st M. bonds gold.
West Jersey—Stock
1st mortgage loan
1st
do
consolidated
*
Consolidated mortgage
354
354
*
Amount
Par
Bonds
Value.
Outstanding
1869
1877
1879
1879
$1,000
$2,700,000
3.009,850
1865
1874
1878
1,000
1,000
1,000
500 Ac
1,000
49
18
18
18
1875
1,000
12
186
38
63
128
1866
1869
1879
1,000
34
1880
c&r
....
448
1885
7
6 A 7
F.
F.
\.
J.
7 g.
7
•
•
•
626,000
6
322,500
7
7
135,000
750,000
100
50
100
1,800,000
750,000
600,000
540,000
2,000,000
•
....
50
....
....
Payable
7
6,000,000
7
3,000,000
1,388,500 6 A 7 g.
500Ac.
500 Ac.
500 Ac
1,000,000
1,000,000
748,500
100,000
400,000
City RR. bonds
West Jersey rf Atlantic— 1st mortgage
Pleasantville A Ocean City
West Shore—1st M., guar, by N.Y.C.A Ilud.,
When
Cent.
A
A
A
A
1,000
100 Ac.
80,0o0
l,OOOAc
50,000,000
J. A J. N.
M. A S.
A. A O.
A.
J.
J.
A.
A.
M.
.1.
M.
J.
A.
M.
F.
M.
J.
J.
3*2
3*2
7
7
6
3
6
7
6
6
6
6
4
Where Payable, and by
Whom.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
pal,When I>U6_
A. Last paid Feb. 1, 1886
A. Last paid Feb. l", 188^
O. Last paid Oet. 1, 1884
D. Last paid Doc. 1, 1885
6 30,000,000
....
1855
1870
1875
1873
Rate per
2,000.000
500,000
42
42
115
Bo nds—Princi¬
INTEREST OR DIVIDENDS.
or
of
-
Ocean
BONDS.
great favor by giving immediate notice of any error discovered in these
Tables.
DESCRIPTION.
'
AND
O.
J.
J.
O.
0.
S.
D.
S.
J.
O.
N.
A.
S.
J
J.
Y., Bk. of Commerce.
do
do
do
do
do
do
do
do
Stocks— Last
Dividend.
Aug., 1889Feb.
1, 1907^
April 1, 1909>
June 1, 190S>
July 1, 1895
Sept. 1, 1895
1903-1908
Oct,, 1895
Bosiovt, Bost.A Alb.RR
N.Y., Del., L. A W. RR
do
do
July 1. 1899Jan., 1888
1887
Oet.,
do
April 1, 1900
do
March 1. 1905
Baltimore.Balt.A O.RR.
1903
Phila., Pa.RR.Co. Office Sept. 15,188?'
do
do
Jan., 1896
do
do
Oct.." 1899
do
do
Nov., 1909
do
do
Aug., 1925
Phila., Fidelity I. T. Co. Sept. 1, 1910
Phila., Penn. RR. Office. July 1, 1910
New York.
Jab. 1, 2361
,
due interest on tlie prior mortgage liens. The Committee of Reorganiza¬
tion in June, 1886, propost d to the holders of all mortgages on the road
east of the Miss. River that their futuie interest should be reduced to 5
per cent and overdue interest funded to 18h6, (see proposal in V 42,
p. 695). Some bondholders made opposition to this, and after litigation
the receivers Tutt and Humphreys were removed by an order of Judge
Gresham, and Judge Thos. M. Cooley was appointed receiver of most of
the lines east of the Miss. River, and he was succeeded
by Mr. MoNulta.
The order made by Judges Brewer and Treat for the surrender of these
lines was in Vel. 44, p. 10. The purchasing committee afterward took
possession of the lines yet remaining in the Wabash system west of
the Mississippi River and organized the Wabash A Western. Suits to
foreclose the 1,1. A So. Iowa mort. and the Great Western of 1859, also
the consol. mort. of 18G7, were begun in Jan., 1887.
The situation of Wabash after the loreclosure was substantially this:
The Purehasing Committee had bought the whole property at foreclos¬
ure under the
g* neral and collateral trust morigages, which were
thereby extinguished, as also the stock.
The Committee then held the
property in trust for thelormt r holders of gem rul and collatera' trust
bonds and for the stockholders who had come into the plan and paid
their assessments
In the meantime suits hai been staited to foreclose
the prior mortgages on some of the lilies cast of the
Mississippi River,
and most of tLose lines were placed in the hands of a new
Judge Cooley.
The Purchasing Committee organized the
receiver,
Wabash
new
Western to include the lines yet in possession of the receivers west of
the Mississippi River, and also operated by consent the Detroit Div.,
Butler, Ind., to I>» troit, the Eel River leased line, and some minor roads.
Of the Detroit Division some of the bondholdeis in
April, 1887, con¬
sented to fund back coupons and take new bonds at 5
per cent for their
old bonds.
PROPOSED SCHEME OF CONSOLIDATION, NOV.
1887.
On Nov.
21, 1887, a plan of settlement and consolidation was pub¬
lished by the purchasing committee and the bondholders’ committee
which embraced the following salient points.
1. Cash for all overdue ominous of ihe first
mortgage and funded debt
bonds or scrip, except the Detroit Division, with inteiest on
same to
November 1, i887, upon deposit of bonds under this
agicement.
2. Bonds of ihe
first mortgage for overdue eon nous of the second
mortgages and funded debt bonds or scrip, and the Detroit Div., w ith
interest thereon to November 1, 1887, and for oveidue coupons on con¬
solidated mortgage, funded debt and scrip of
tame, and the Wabash
new
mortgage
sevens of I8T9.
3. Foreclosure of the
mortgages was deemed necessary for the
organization of a new company or companies, and the consolidation of
the company or companies so organized with the Wabash Western Rail¬
way Company.
4. The creation of a new first
mortgage by the Consolidated Company,
payable in fifty years from November 1,1887, bearing 5 per cent interest
in semi annual coupous, principal and interest
payable in gold. Into
this all the old iii st mortgage bonds, funded debt and
scrip pertaining
thereto, to be convertible to th* amount of principal thereof.
5. A new second mortgage upon the lines east of the
Mississippi
River, payable fifty years from February 1, 1888, bearing 5 per cent
interest in semi-annual coupons, principal and interest payable in gold.
Into this the principal of the bonds of all of toe old second
mortgagee,
the consolidateds of 18G7 and the sevens of 1874 to be convertible.
The charges on all lines as they would stand after this
reorganization
were given briefly on p. 744 of V. 45.
Stocks
cent
and Bonds.—The old pref. stock had
(non-cumulative); then common to 7.
a
prior right to 7 per
ibices of stock since 1879 have been: Common in 1830,
26*u®48;
In 1881, 33*4 0-60; in 1882, 2358a>3978; in 1883, 15a>36*4;
in 1884,
4S193*; in 1885, 2it 15*2; in 1886 (pur. com. receipts), 12®245s; in
1887, 15*80-2238; in 1888, to Jan. 20, inclusive. lSU&lG. Preferred in
1880, 51*4o8838: in 1881. 64*4®96*4; in 1882, 4578®713s; in 1883,
29*8® 57 *2: in 1884. 9®32; in 1885. 6*8®25; in 1886 (pur. com.
receipts) 2338a>417s; in 1887, 233iS>38*4; in 1888, to Jan. 20, inclusive,
,
2738®2t>3i.
First mortgage on St. Charles Bridge is for
$1,000,000, and is 6 per
cent now, running absolutely till 1908.
The amount of funded debt bonds of 1877, due 1907 as above given
includes the scrip certificates for coupons funded and deposited in trust,
which eertiticates amounted January 1, 1883, to $1,014,453, and
are
exchangeable into the bonds. If not exchanged the certificates fail due
with the principal of the bonds from which
coupons were cut.
The collateral trust bonds of 1883 were issued for floating debt.
These bonds were guaranteed by the St. Louis Iron Mountain A
Southern RK. Co., and in 1884 a mortgage was recorded on all the
Wabash property for $10,000,000 to the St. Louis Iron Mt. & Southern as
•ecuntv tor this guarantee.
These and the general mortgage bonds
were to take new debentures under the plan
of reorganization."
Operations, Finances, Ac.—The Wabash St. Louis A Pacific extended
Its lines very widely in the years 1879 to 1882 (under the
presidency of
Mr. Solon Humphreys), by the acquisition or branch and
connecting
roads, and thereby assumed heavy liabilities. Although the earnings
increased largely, the annual liabilities were still far in excess
of the net profits. The road was operated in close connection with the
Gould Southwestern system running into St. Louis, and the formal lease
to the St. Louis & Iron Mountain Company placed th? Wabash in com-
i
filetethecontrol
of the Missouri Pacific prior to tho appointment of receivers*
Wabash.
or
From Jan. 1 to Dec.
the Mississippi were
31, 1837 (12 mos.),
$9,406,58* and
gross earnings of lines east of
net, iLComo over all expenses,.
$1,793,145, which was ajiplicable to interest. Ac.
Earnings, expeuses, Ac., for four yeais were as below, the mileage*
being in 1883, 3,560; in 1881, 3,582; in 1885, 2,779, and in 1886, 2,196.
INCOME ACCOUNT.
1883.
Net earnings
Other receipts
^
1884.
^
3,584,195
2,610,329
452,566
1,899.938
240,339
68,553
Total income....
Deduct—
Rentals paid
Interest on debt
2,850,668
^
1,968,491
4,940,191
1,144,453
4,399,716
828,244
2,727,348
598,100
902,779
433,615.
786,Oja
Total
Balance, after inter¬
5,544,169
3,555,592
1,500,879
1,219,705
Receipts
est
and rentals
df. 1,507,408
1885.
188G.
$
2,974,636
63,50 X
3,038.137
df. 704,924 sur.467,612sur.l,818.432r
—(V. 44, p. 10,
60, 119, 173, 185, 212, 235, 369, 344, 401, 435, 621, 654.
682, 714, 717, 782, 808; V. 45. p. 166, 403, 438, 473, 509, 540, 573, 643..
696, 744, 793, 821, 847. V. 46, p. 105.)
Wabash Western,- The road owned includes those
parts o7
the former Wabash St. Louis A Pacific west of the
Mississippi River that
remained in the system when the purchasing committee took possession!
in March, 1887: also certain linos east of the
Mississippi that JudgeCooley did not take. The total mileage operated in May, 1887, was re ported by the Wabash Western as 995 miles, made up as follows: S4.
Louis to Kansas City, 276 miles; Levee to
Ferguson, 10 m.; Centralism
to Columbia. 22 m.;
Glasgow to Salisbury. 15 m ; Moberly to Coatesville,.
88 m.; Coatesv.lle to Ottumwa, 43 m.; Brunswick to
Cliiliicothe, 3 S m.^.
Pattousburg to Chillieothe, 42 m.; total, 534 miles. Tho track of tho
Chicago A Rock Island road from Ottumwa
to
Gibbon, 37 miles, is also
used. Tne following roads are operated in addition: Des Moines A St.
Louis (Des Moines to Albia), 67 miles; Des Moines A Northwestern (Do*,
Moines to Foula), 115 in.; Detroit Division, 113 m ; Eel
River, 93 in *
Champa gn A Sidney, 11 m.; Attica & Covington, L4 in.; total, 415 mu.
Whole mileage operated, about 990 mib-s.
The bonds of St. L. Ottumwa A C. R. IiR. and the Des M. A N. W. art
not guaranteed, the roads being merely leased and
operated by W. vy\
From Jan. 1 to Juue 30 in 1887 (6 mos.) gross
earnings were $2,927,698; net, $894,596. (V. 44, p. 344, 370,466, 713; V. 45, p. 744, 887.)
Ware River,—Palmer, Mass., to Winchendon, Mass., 49 miles.
Ik
leased for 999 years to the Boston A Albany Railroad at a rental of 1
per cent per annum. J. A. Rumrill, President, Springfield, Mass.
is
Warren, N. J.—Lino of road, New Hampton Junction to Delaware
Bridge, N. J., 18*4 miles.
The road is leased to Delaware Lackawm-i u
John I. Blair, President,
A Western at 7 per cent on stock and bonds.
Blairstown, N. J.
Washington City Sc Point Lookout.-Hyattsvllle,
Md., to
hepherd, Md., 13 miles. This road was opened in 1873.
It is leased
to tho Baltimore A Ohio for $36,000 gold p-r annum.
The stock paid
in is $1,000,000.
In 1381 it was proposed to extend the toad and ix
new issue of $2,000,000 bonds was authorized, duo 1900.
8. T. Suit.
President.
West Jersey.—Main line
and branches—Camden to Cape May,
Bridgeton, Riddleton, Sea Isle, Ocean City, Ac., 159 miles; West Jertrtjp
A Atlantic
Iu
Railroad., 39 miles; total, 198 miies operated.
August 1887, 20 per cent new stock was issued to stockholders, at.
to provide acquisitions and improvements, and a further issue was
par,
made later to consolidate several of tho branch roads into the W. J. Co.
From Jan. 1 to Nov. 30, 1887 (11 mos ), gross earnings were
$1,370,,-
320, against $1,268,891 in 18^6; net, $496,927, against $487,519.*
The annual report for 1886 was published in tne Chronicle, V.
44*
p. 494.
Income account for four years (including 1830) was as follows:
income account.
1883.
Receipts—
Total gross earnings
Net earnings
Other receipts
$
1 ,227,654
441,896
Total income
Dish ursem ents—
Rentals paid
Interest on West Jer. debt..
Net earn.of W.J.AA.RR.,Ao
Dividends
Rate of dividend
441,896
$
36,571
178,888
73,075
Total disbursements....
Balance, surplus
373,766
68.130
-(V. 44, p.
p.
494, 782; V. 45,
1884.
$
1885.
$
1,319,618
503,305
1,286,012
11,966
14,008
515,271
$
490,625
85,232
41,270
175,174
90,668
87,788
6 p. c.
6 p. c.
470,627
$
39,098
175,174
81,990
89,113
6 p. c.
394,900
385,375
120,371
105,250
473, 614.)
1886L
$
1,352,458
50.1,274
21,350,
524,624
$
41,745
160,174,
90,081
89,140>
6 p. e.
401,140
123,434.
118
INVESTOR’
SUPLEMNT.
[Vol.
xlvi.
KALLROAD
January, 1888.]
first page
of tables.
West Virginia Central <£ Pittsburg— 1st mort., gel 1.
Western (Ala.)—Western KR. bonds, before com
Western <6 Atlantic (Qa)—Income bonds
Western Maryland—id M , endorsed by Baltimore.
4th
do
endorsed by Baltimore
5th mortgage, to the City of Baltimore
Baltimore & Har; isburg RR., M (for $590,000)..
Western N. J. c£ Pennsylvania-Stock ($30,000,0u0)
let mortgage ($10,000,000), gold
2d mortgage (1st on equipment, etc.), gold
Warren A Franklin, 1st mortgage
Western Norin Carolina— 1st mortgage, coup
Consol mortgage, coup, for $3.425,000
2d consol, inort., coup. ($15,000 p. m.)
Western Pennsylvania—1st mortgage
1st mortgage, Pittsburg Branch
Miles
of
Road.
Bonds
60
44
160
138
90
90
1881
1868
1870
1873
1870
1872
659
630
630
57
130
189
....
‘*65
Wheeling <t Lake Erie.—1st M., gold
186
227
183-54
c*
guar.Wil.&Wel.
....
1388
1833
1865
Sinking fund bonds, gold
Gen. mortgage for $4,000,000 ($12,000 per mile).
Cert, of indebtedness. nou-cum., income
Wisconsin Vent. Co.—1st mort. (for $12,000,000).c*
....
222
....
'
(tor $ 1,000.000)
c*
Wisconsin Central—Consol, mort., land grant, pref.
....
....
Income bonds, non cum
inoorne (not cumulative)
Size,
Outstanding
$1,000
$1,200,000
326
326
326
1,6*0*0
i<'0
1.000
1,00*0
1,000
188*6
1,000
3,000,000
1887
....
....
2.583,000
6
8
8
10
6
6
When
Payable
Where Payable, aud by
Whom.
,T. & J. J. H. Duvh A Co. A Balt.
A. A O. N. Y., H B. IIolliusAf o.
V. A O.
do
do
Atlanta, Co.’s Office.
A j. Balt.,N. Mechanics* B’k
Q-J.
r.
J.
A
J.
do
do
•
5
M. A N. B It.
6
6
6
6
5
J. A
A. A
A. A
J.
J.
A
A
Company’s Offices.
J. N.Y., Company's Office.
do
O.
do
do
A.
do
N.
Ralei-h. N. C.
X.
J.
Y., Central Trust Co.
O.
O. Philadelphia, IVnn. RR.
J.
do
do
D.
do
do
1,300.000
960,000
1,600.000
500,000
2,500,000
936,000
1,724,000
2,500 000
(?)
....
|
:v;
500
100
j
j
)
....
1885
1887
1887
1879
1879
1879
discovered in these Tables.
error
7.700,000
5 g. J. A
20,000,000 3g.or5sc. A. A
SOO.OnO
7
F. A
850,000
7
M. A
1,< 00
1,000
!
i,6bo
1.000 j
(?)
360,000 1
3,800,000 1
5,700,000 i
....
....
....
i
5 g.
o
6
5
4
7 g.
5
rj
5 g.
Is5
7
~
A.
•T.
•T.
J.
J.
A
A
A
A
A
J. A
J. A
A. A
J. tfe
O
J.
D.
D.
J.
J.
J.
O.
J.
M. A N.
J. A J.
J. A J.
tionas—rrincn-
pal.When Due.
Stocks— Last
Dividend.
Tuly l. 1911
Oct* 1. 1838
Oct. 1,. 1890
Oet. ’88 to ’9#
Jan., s.900
Jan., 1902
Nov. 1,
Jan.
Oet.
Feb.
1936
1, 1933
1, 1928
1, 1896
May 1, 1890
Jan. 1, 1911
Oct.. 1914
April 1, 1893
Jan. 1, 1896
June 1, 1923
New York, 2 Wall St.
Oct. 1. 1926
Baltimore.
Jan.. 1888
N Y. and Baltimore.
June 10. 1910
Co.’s Office, Wilm. A Del.
1907-1927
Wilni., N.C.. Co.’s Office. Jan. 14, 18S8
N. Y..Bost.,Lond.. Frank
1896
N. Y. Balt. A London.
1935
July 1, 1937
N.Y..
Company’s Office.
N. Y.,
36 Wall st.
do
do
5 p. ct. yearly
1909
1909
i
City, N. ,T.
41
miles
on a
to the N. Y-West Shore & Buffalo, sold in foreclosure.
Immediately on its organization the new West Shore Company issued
$10,Oi>f',OoO of capital stock, and made an authorized issue of $50,0(>0,000 of 4 per cent bonds.
A lease of the West Shore property to the New
York Central Company for 475 years was executed in compliance with
the plan of reorganization. The $10,000,000 of stock is owned by
the New York Central Company in consideration of that company’s
guarantee of the principal and interest of the $5 >,000,000 of new bonds.
The mortgage is made to the Union Trust Co., as trustee, and covers
the line of road. Weehawken to Buffalo with branches, 443 miles in all,
and also the terminals at Weohawken by ownership of all the stock and
bonds of the Terminal Company. The guarantee of the N. Y. Cent. &
Hudson is absolute as to interest and principal and is endorsed on each
bond. A review at much le-igthof the status of the new West Shore
bonds was in the Chronicle, V. 42, p. 176.
West Va. Central Sc Pittsburg—A coal and railroad company in
West Virginia in the upper Potomac region—the Elk Garden Coal Field.
November, 1884, in operation from Piedmont, W. Va., to Davis, W. Va.,
58 miles; Branch, Shaw. W. Va., to Mineville, 2 miles; total, 60 miles.
Owns 32,244 acres of coal and lumber lands covered by the first mortg.,
and has mineral rights on 5,407 acres more. In 1886, net from coal,
$34,031; from railroad, $52,329: miscellaneous, $834; total, $87,241;
surplus, $21,244. In 1885, net profits on coat sales,
$48,872; net from railroad, $34,053; total revenue, $82,925; interest
interest, $66,000;
surplus,
Said,
$16,925. Stock,
$5,500,000.
H. W.
G. Davis,
Presient;$66,000;
Vice-President;
James
S. B. Elkins,
G. Blaine,
H. Barnum,
and others, directors.
Western Alabama.—Line of Road—Selma to Opelika, Ala., 116
miles; branches, Opelika to West Point, 22 miles; total, 138 miles, of
which 50 miles is leased to Louisville & Nashville for $52,000 per
annum.
Was a consolidation in 1870 of Montgomery A West Point and
Western of Alabama. Sold May 10, 1875, in foreclosure and purchased
Jointly by the Georgia Railroaa and Central Railroad of Georgia.
The
wiped out in the foreclosure, and the
property is represented by the bonded debt and $846,000 due each of the
above companies. There are also $32,000 second mortgage 8s of Mont¬
gomery A West Point RR. due May 1, 1888. In year ending Aug. 31,
1837. gross earnings were $162,529; ne% $163,911; surplus over in¬
terest, $40,471. In 1885-86 gross earnings were $465,235; net, $165,160; deficit under interest and 1*3 per cent dividend, $3,280.
Western Sc Atlantic.—Atlanta, Ga., to Chattanooga, Tenn., 138
miles. Built by State of Georgia and opened in 1850, and by an act of
October 24,1870, was leased to a company for twenty years at a monthly
rental of $25,000.
In July, 1887, the lessee company put in a large
claim for betterments. See V. 4?», p. 85.
Western Maryland.—Line of Road—Baltimore to Williamsport*
Md., 90 miles; Emuiitsburg Branch, 7 miles; Edgemont to Shippensburg. Pa., 34 miles; total, 131 miles.
The Baltimore & Harrisburg,
leased in No \, 1830, comprised 73Hj miles. The capital Rtock is $683.750. I’ne company was largely assisted by the city of Baltimore, aud
was unable to pay all
its interest.
lu 1886 the company proposed
that Baltimore city should pay off the $l,800,o00 bonds embraced in the
first and second mortgages aud take a mortgage on the railroad prop¬
erty as security; this was accepted by vote of the city, and ou Jan.
1, 1887. a 11 ie said bonds were retired, and the city now hoi Is a fifth
mortgage for $' ,800,000 aga nst the comp tny.
The Baltimore A Harrisburg RR. was formed by eonsfiidat on of
several small rotd » in 1836 and leased to the Western Maryland, which
a'so owns a large amount of the stook; of the issue of $690,000 Don Is,
$207,000 are held in trust to pay off prior mortgiges The Western
Maryland operations for four years have been as follows:
Gross
Net
Pswsenger
Freight
old 'Btoob and income bonds
Miles.
were
Earnings.
Earnings.
131
16.512,178
13,114.956
$665,995
$ 258,245
131
14.602,158
11,670.486
232, L35
15.9 46,659
10,878,19 i
12,523,320
619,217
617.561
659,434
261,109
131
131
Mileage.
16,156,507
Mileage.
239.137
—(V. 45. p. 696, 793.)
Western Neiv York Sc Pennsylvania.—(Nee Wap) - Line of Road
—Buffalo Division -Buffalo, N.Y..to emporium, Pa., 121 miles., Larabees.
Pa., to Clermont, Pa.. 22; Pittsburg Division—Buffalo, N. Y., to Oil
City, Pa., 138 ; Titusville, Pa., to Pioneer. Pa., 9 ; 0:ean, N. Y., to
Oil City. Pa., 116 miles: Oil City to New Castle, Pa., 66; Tryonville
to Union City, 17 miles. Rochester Division—Rochester, N. Y., to Hins¬
dale. N. Y., 99; Olean, N. Y., to Bradford, Pa., 26; Bradford, Pa., to
Klnzua, Pa., 23; Eldred toTarport, 18 miles; Genessee Valley Ter. RR.,
1,000,000
1,800,000
483,000
....
Joint traffic agreement and 25 per cent of gross receipts on West
Jersey from tratttc of this road to be applied to any deficit in interest
and then as sinking fund for bonds purchasable at 105, or drawn if
over that.
In 1881 net earnings were $33,280.
Stock is $744,500.
Two per cent dividend paid in July, 1834, three Jan. 1, 1885. two
September, 138 i. two March 15. 1880, three Deoemer, 1886, 2h> March,
1837, and LH September 15, 1887.
West Shore.—Line of road from Weohawken, N. J., opposite N. Y.
City, to Buffalo, N.Y., with branches to Albany City and Rochester City,
about 418 miles in all. This company was organized in December, 1885.
1886-87
1,171.000
243,000
875,000
1.000
500 Ac.
100
4,1 10,000
800,000
1,000,000
2,500.000
Opened June 17, 1880, and operated by West Jersey Railroad
1885 86
Rate per
Cent.
340,000
1.000
500 Ac.
100 Ac.
West Jersey Sc Atlantic.—Newfield, N. J., to Atlantic
34 miles; Pieasantville A Ocean City RR., 7 miles; total,
as successor
Amount
....
....
110
INTEREST OR DIVIDENDS.
or
Par
Value.
1881
1884
1863
1865
18S3
1880
Wilmington & North.—1st M., 20-10’s ($ 1,000,00J).
Wilmington & Weldon—Stock
1st series
2d series,
of
....
57
28
Registered bonds
Date
....
White Water—Stock ($325,000 of it pref.)
Wilm. Oolum. <&Aug.—Stock, 0 p. c.,
1st mortgage
EONDb.
great favor by giving Immediate notice of any
a
DESCRIPTION.
on
AND
j
Subscribers will confer
STOCKS
3 miles: total operated. 659 miles, of which 40 miles aro leased. The
Swain’s Branch, owned ll miles, is leased to L. A P. RR.
This company was-organized Nov. 2 :, 1887, as successor to the Buf¬
falo Now York & Philadelphia (a consolidation of 1883), which became
embarrassed in 1884 aud was sold in foreclosure Sept. 15, 1887.
The
plan of reorganization dated Feb., 1886 (see V. 42, p. 242), provided
that there be issued $10,000,000 first mort. 5 per cent bonds for the
several issues of old first mortgages and the B. N. Y. Ac P. 2d mortgage,
the b il nice for reorganization expenses and for future use. Of the
und *r lying $6,073,000 bonds of the old
company (whioh were to be se
provided for out of the $L0,000,00D new first mortgage bonds), all but
$800,000 Warren & Franklin bonds are retired. There weio also $20,000,oOO second mortgage bonds issued for all other bonds on certain
terms; and $30,000,00 * of new common stock. The old stock paid an
assessment of 8 per cent on the, pref. and 12 per cent on
the common,
each receiving the new 2d mort. bonds at par tor tlio assessment paid,
and share for share in the new stock. 2d mortg. bonds are a second
lien on the railroad and first “ on terminals, coal and equipment, subject
to lease of terminals and equipment to 1st mortg , if foreclosed.” Till
Jan., 1898, they bear interest at the rate of 3 per cent, hut till 1893
interest ma3r be paid wholly or partly in scrip o i a graded higher rate,
and if paid all In scrip the rate is 5 per cent; after 18 98 the rate is 4 per
cent and, if earned, 7 percent may be paid, bit after 3 per cent has
be n paid on secon 1 mortgage bonds, the stock and seconds share alike.
The scrip issued for interest bears 5 per cent interest, non-cumulative, payable only if earned, is secured by the coupons placed in trust
therefor, and is exchangeable by the companv for debentures with like
security.
Trustee of 1st mort., Mercantile Trust Co., of N. Y.; of 2d
mort. Fidelity T. & 8. Dop. Co., of Philadelphia.
Fr mi Oct. 1 to Nov. 30 in 1887 (2 mos.) gross earnings were $493,628,
against $436,159 in 188 >; net, $101,568 against $ 17,386.
In the year ending Sept. 3
1887, gross earaiugs were $2,716,388,
against $2,62 4,069 in 1886; net $185,052, agaiust $575,227. Of the
$485,052 net earnings shown for the last fiscal year, $475,512 were
earned in the last 7 months.
The annual report for the year ending Sept. 30, ’86, was in the Chron¬
icle, V. 44, p. 89, and contained the following :
ReceiptsGross earnings
Net earnings
Other income
1884--5.
$2,335,514
$154,«47
1885-86.
$2,568,217
$373,007
1886-87.
$2,716,389
$485,052
57,924
55.853
12,180
Total Income
-(V. 44,
p.
$512,771
$42-<,860
$487,232
89. 184, 210, 276. 433, 55’, 652. 651, 681, 781, 807; V. 45,
142, 271, 272, 369, 400, 573, 641, 689, 705, 768; V. 46, p. 76.)
Western (North Carolina.—(See map of Richmond & Dxnville.)—Owns from Salisbury, N. C., to Paint Rock, Tennessee
State
line, 190 miles; Asheville to Jarretts, 100 miles; total,
290 miles.
The
road
was
financially embarrassed,
and was
p
Surchased
April
17, 1875, finished
by commissioners
for the
StatePoint
of North
arolina, and
subsequently
by the Richmond
A West
Ter¬
& Warehouse Co. In May, 1886, it was leased to the R,
From Oct. 1 to Dec. 31 in 1-87 (3 mos.) gross earnings
$165,380, against $143,199 in 1836 : net, $26,812, against $18,-
minal Railway
& D. Company.
were
In 1885-86 gross. $523,740; net, $85,3 <4; deficit under charges,
$53,310. In year ending Sept. 30. 1887, gross earnings were $660,599;
net, $84,350; interest (not including any on bonds hold by R. A W. Pt
Term.), $160,7il; deficit, $76,392. 8tock, $4,<>00,000 common and
$4,000,000 pref. The second cons, mortgage for $1,110,000 is held by
the R. & D. Tor. R. A W. Co., and also $1,325,000 of the 1st consols,
given above ; $850,000 of same bonds are reserved to retire the lsfcs.
Certificates of iniebtidnois Sept. 30, 1887, $156,760; due other com¬
panies, $i37.803.
Western Pennsylvania.—The road runs from Bolivar to Alle¬
ghany City, Pa., 63*2 miles; branch to Butler. Pa.. 21 miles; total, 841*
miles.
Completed in 1865 and branch in 1870. a new lease to the
Pennsylvania Railroad for 30 years was made in 1883, and an Issue of
$5,000,000 consolidated bonds was authorized. The Pennsylvania Rail¬
road. lessee, owns $903,050 stock out of the total amount of $1,022,450
aud $288,000 of branch bonds. Gross earnings in 1885. $1,159,514;
net, $ 177.981.
Gross in L33 >, $1,347,565; net, $307,542. In Dec.*
188«, paid 3 p. c. div.
White Water.—Valley Junction, O., to Cambridge City, Ind., 65
miles. This was formerly the White Water Valley, sold in foreclosure
May 2, 1878, and reorganized under this title. Gross earnings in 188687, $95,567; deficit, $5,493. Elijah Smith, President.
Wheeling Sc Lake Eric.— Toledo, 0.,to Bowerston, O., 174 miles,
and branch to Huron. O., 12 miles. The road was sold in foreclosure
April 23, 1886, and purchased by trustees of the reorganization com¬
mittee. (See V. 41, p.537.) New company organized in July, 1886,
with stock of $3,600,000, of which $3,513,400 issued to March 1, 1887.
There is t tlk of issuing new sfo k and extending the road to Wheeling.
In 1837. gross earnings (partly estimated) were $743,344; net, $213 373; surplus over interest an l taxes. $73,373. Gross earnings in 1886,
$538,090; net, $12o.l 13. Goo. J. Forrest, President, 2 Wall St., N.Y.
-f V. 44. p. 118, 149; V. 45. p. 26, 85.)
Wilmington Columbia 4k Augusta.—Owns from Wilmington,
N. C., to Columbia, 8. C., 189 miles. Leases jointly with Northeast¬
ern 3. C. RR., the Central RR. of South Carolina, Lane, 8. C., to Sumter,
S. C., 38 miles. Total operated, 227 miles.
608.
130
INVESTOR’
SUPLEMNT.
[Vol.
XLVT.
CANAL
January, 1888.]
Subscribers will confer
a
For explanation of column headings, Ac., see notes
on first page of tables.
Wisconsin Central—(Continued)—
Mort Minn. St. Croix Ac Wis. RR
Peuokee RR.—1st mort
Wisconsin d Minnesota—1st mortgage
Income.
Chic. Wis. & Minn.—1st mort., gold
Worcester Nashtia d Rochester—Stock
Miles Date
of
of
Road. Bonds
104
50
54
:
1884
1837
1880
c*
c1
cA
cv
Size or
Par
Value.
1,000
121
($25,000
p.
48
1873
1875
1874
Outstanding
$2,600,000
1,500,600
m
m
m
•
1,000
2,8n0 000
100
500 Ac.
3,099,800
250,000
1000&C.
400,000
575,000
150.000
(?)
1886
500 Ac.
1,000
100 Ac.
1879
1,000
....
mile)
Albemarle d Chesapeake— Mortgage bonds
Chesapeake d Delaware—Stock
14
14
14
184
184
184
184
1st mortgage
yrs.
INTBRE8T OR DIVIDENDS
Amount
'SIO^OO
$....
CANALS.
Delaware d Hudson—Stock
BONDS
Rate
per
Cent.
When
Payable
Bo nds—Princi¬
pal,When Due
Where Payable, and by
stocks—Lash
Whom.
Dividend.
6
5
7
M. A N. N.Y.,Fanners’ L-AT.Co.
1914
M. A S.
1937
J. A J. N. York, J. B. Colgate. Jan. 1, 1910
6
3
5
5
M.
J.
A.
F.
A.
J.
F.
640,000
122
94
Bonds, mortgage
Bonds, mortgage
(extended in 1886)
Chesapeake d Ohio—Stock
Maryland loan, sinking fund
Guaranteed sterling loan
Bonds having nexLpreference
Repair bonds, Act 1878
Delaware Division— 1st M. (ext’d 20
AND
great favor by giving immediate notice of any error discovered in these Tables.
DESCRIPTION.
Nashua & Rocli., 1st mortgage
W. N. A R.—Mortgage
Zanesville d Ohio—1st mort., gold
STOCKS
in 1878)..
1st mortgage, registered
Debenture loan of 1894, coup and reg
1st M., coup. & reg., on Penn. Div. ($10,000,000)
Lehigh Coal d Navigation—Stock
60
148
148
1886
500 Ac.
500 Ac.
1858
187i
1874
®
®
^
®
^
•
1,000
100
1,000
1877
1,000
lOOOAc.
1869
1864
1867
50
500 Ac.
Var.
Var.
339
Loan, conv., coup., gold (assumed L. & W. Coal Co)
1st mortgage, reg. (extended at 4^)
1st mortgage, registered, railroad
50
500 Ac.
25
500 Ac.
Road was sold in foreclosure, October, 1879, for $860,500, and com¬
pany reorganized under present style.
In June. 1885. the road and property of this company were leased for
99 years to tlie Wilmington & Weldon, the lessee to pay all interest and
fixed charges and 6 per cent dividend on the stock, payable semi-annu¬
ally in January and July. In \ ear ending
$269 144; the surplus income over
$15,544; paid deficit Central RR. of 8 C..
ceipts were $176,478; surplus $22,872 over
were
Sept. 30, 1887, net receipts
interest and dividends was
$2,753; in 1*85-86 net re¬
interest and dividends.
500,000
2,079,213
2,602,950
3,851,593
2j000'000
4i375|000
1,699,500
493,000
800,000
24,500,000
5,549,000
4,829,000
5,000,000
12,676,700
747,000
5
4
6 g.
7
5
6
5
6
6
6
S. N. York, J. B Colgate March 1,1916
J
Jau. 2, 188S
Worcester, Office.
O. Boat., Globe Nat. Bank. April 1, 1893
A.
do
do
Feb. 1, 1895
O.
do
do
April 1, 1894
J.
do
do
July 1, 1906
A.
New York.Agenoy.
Feb. 1. 1916 ,
J. A J. N. Y., Union Trust Co.
J. A D.
Philadelphia, Offioe.
J. A J.
do
* do
J. A J.
Q- J
Q—J.
1*4
J. A J.
J. A J. Balt., Farm.A Mech.Bk,
J. A J.
Phila., 226 So. 3d st.
Q-Mch. N. Y., Bk. of Commerce.
7
7
7
2
6 g.
J.
A.
M.
J.
M.
5.000,000
2,000,000
A
A
A
A
A
A
A
6
do
J
do
O. N. Y. Office A Bk.of Com.
8.
do
do
D.
Philadelphia, Offioe.
S.
do
do
do
do
Q-J.
do
do
Q-F.
A
A
A
A
A
July 1, 190&
July, 19161870
1890
1885
1898
July 1. 1899
Dec. 15, 188T
1891
1894
Sept. 1, 19 IT
Dec. 9, 1*87:
1894
July 1, 1914*
1897
company makes use of Chio. Mil. & St.
from Schleisingerville to Chicago, 116
Paul tracks 24 miles; an extension
miles, is kuown as the Cldc. Wis. A
Minn., and is a close connecting line of the Wij. Central, though the latter
is nor. responsible for its obligations.
In July, 1887, tbe control of allied roads under one management
through the Wisconsin Ceutral Comp my (which see above) was pro¬
posed. according to the terms given iu V. 45, p. 54, which had been car¬
ried out to a large extent by the el >se of the year. The exchange of
stocks and bonds by Wisconsin Central holders was quite optional, and
those not exchanging would be entitled s rnply to their old rights
according to the Wiscousiu Central RR. earning-, which would be kept
Wilmington Ac Northern.—Owns from Wilmington Del., to
Birdsboro, Pa., 64 miles; branches, 24 miles; total owned 87 miles;
trackage leased, 5 miles; total operated, 92 miles. This company separate.
In V. 44, p. 807, is an abstract of the annual report for 1836.
was organized Jan. 18, 1877, as successor to the
For
Wilmington A Reading
RR. Co., which defaulted on its interest and was sold in foreclosure Deo. four years the earnings, Ac., were:
4, 1876. The mortgage for $1,000,000 was authorized to cancel exist¬
1883
1884.
1885
18*6
ing debts and to pay for improvements;but only $500,000 can be issued Gross earuings
$1,447,798 $1,429,075 $1,461,001 $1,565,313:
on piesent mileage.
Gross earnings in 1886, $384,2*7 ; net earnings, Operating expenses...
973,732
957,745
941,881
1,182,080
$54,272; other receipts $1,680.
Paid interest, $12,570; bonds re¬
deemed, $2,400. (V. 45, p. 614.)
Net earnings
$474,065
$471,330
$519,123
$383,233
Wilmington Ac Weldon.—Road extends from Wilmington to Rentals,oarserv., Ac..
351,405
310,406
319,650
386,559
Weldon, N. C., 162 miles; branch to Tarboro, 16 miles; Scotland Neck
Branch, 20 miles; also operates Midland N. C. RR., Goldsboro to SmithBalance
$122,660
$151,679
$208,716 def. $3,326
field, 21 miles; Wilson to Fayetteville, 71 miles; Nashville branch to
Spring Hope. 20 miles; Clinton branch, 13 miles; total, 323 miles. -(V. 43, p. 48, 309, 432; V. 44, d. 682, 807, 809; V. 45, p. 26, 240,
Was leased November, 1872, to Wilmington Columbia A Augusta Rail¬ 573.)
road for 99 years. The lessees made default
Wisconsin Ac Minnesota. -Owus from Abbotsford, Wis., to Chip¬
December, 1877, and the
lease was surrendered April 13,1878.
In June, 1885, this company pewa Falls, 54 miles. Leases }Uhic. Wis. A Minn. RR., Schleisingerville,
took a lease for 99 years of the Wilmington Columbia A
These
Augusta. (See Wis., to Chicago, 122 miles, and branch 8 imles projected.
roa is
form the Chicago division of the Wisconsin Central, and enter
that company above.)
There was $1,871,478 Sept. 30, ’87, to the credit of the
sinking fund. Chicago over the Chicago 6c Great Western.
The certificates of indebiedness, $2,500,000, were distiibuted to
stockholders in January, It87, as a scrip dividend.
The fiscal year ends Sept. 30. The income account for four
years was
as follows:
INCOME
ReceiptsNet earnings
1883-4.
ACCOUNT,
1884-5.
1885-6.
188H-7.
Other reoeipts
$294,631
23,942
$373,141
29,937
$374,100
103,182
$398,312
Total.. <
$318,573
$403,078
$477,282
$557,085
Disbursements—
Interest
Dividends
158,773
$30,698
$79,365
$138,353
$327,708
(8%) 166,592 (8%) 166,592 (8%) 200,000 (8%) 200,000
Total
$247,290
$71,283
$245,957
$338,353 '
$527,708
$157,121
$138,929
$29,377
In 1886-87 the net receipts include those from the W. C. A A. lea(e
and the interest payments, $175,000, paid on certiticatess of indebt¬
Balance, surplus.
Worcester Nashua Ac Rochester.—Owns from Worcester to.
Nashua and Nashua to Rochester. 94 miles. This consolidated company
was formed Dec. 1, 1893, by a merger of tbe Worcester A Nashua and itsleased line, the Nashua A; Rochester.
In October, 1885, a lease of this property for 50 years, fro n Jan. 1.
1886, was made to the Boston & Maine RR. Co. at a rental of $2 >0,00<>
and taxes. A financial statement of Jan 1, 1887 was in V. 44, p. 91.
Zanesville A Ohio.—Line of road in progress from Zanesville, O.,
to Ilarmar, on the Ohio River, about 80 miles, of which 51 miles to
Waterford is in operation
The wuole mortgage is for $2,000,000 bonds
authorized. The Mercantile Trust Co. of N. Y. is trustee of the mortgage.
A sinking fund will come into operation in 1891, bonds being bought
in the open market at par and accrued interest; iu lieu of this, funds
are investod.
edness.
(V. 43, p. 636.)
Wisconsin Central
CANALS.
Albemarle Ac Chesapeake.—Canal between Chesapeake Bay
and Albemarle Sound. N. C., L4 miles.
Gross earnings 1884-3 >. $70,000; surplus over interest, $5,000. Fres’t, Marshall Parks, Norfolk. Va.
Chesapeake A Delaware.-Delaware City to Chesapeake City. Md.
1886, a lieavv defalcation by the Treasurer and an over-issue
was discovered, amounting to $60!,,200, and iu Sept., 1-86. It
and its allied lines under one management. The roads thus controlled
was proposed by the company to retire old bonds and issue $2,602,950
would be as follows: Wis. .Central RR., 344 miles; Milwaukee A of uew 5
per cent bonds maturing in 1916, thus covering the over-issue.
Lake Winnebago, 65 miles; Penokoe, 50 miles; Wisconsin A Minne¬ (See V. 43,
p. 367.)
In the year ending May 31, 1887, gross receipts
sota, 54 miles; Chicago Wis. A Minn., 122 miles; Paok. A Mon- were $199,212 and net $145,184; surplus, $14,805. (V. 43,
p. 22, 49;
tello, 7 miles; Minnesota St. Croix A Wisconsin. 110 miles; total, 752 367: V. 45, p. 52.)
miles. The company proposed to purchase, so far as possible, the secu¬
Chesapeake Ac Ohio.—This company was assisted with loans by the
rities, of the Wisconsin Central, Wisconsin A Minnesota, Peuokee. and
State of Maryland. It has long boon unable to moot its iuteresr, except
Minnesota St. Croix A Wisconsin railroad
companies, and up to the on the Repair bonds of 1878. In a suit agaiust tue company the Court
close of 18*7 it owned or controlled all these roads: of the Wis
(January, 1881) declined to appoint a receiver, but ordered the com¬
cousin Central it owned a
majority of the stock and a large amount pany to report at stated times its receipts and payments
I-i 1885,
of the fiist
and second series bonds.
Against the above miles gross earnings were $135,929; exneuses. $184,667. In
1886, gross
of road it issues its securitie- as follows: First
mortgage bonds, $12,- earnings were $94,138 ; expenses, $223,415. (V. 46, p. 38.)
000,000 at 5 per cent; income bonds, $9,000,000 at 5 percent, noncumulative; preferred stock, $3,000,000 at 6 per cent, cumulative;
Delaware Division.—Leased to Lehigh Coal Ac Navigation Co.
common stcck, $12,000,000.
Tiustees of mort. for both firsts and in¬ interest on bonds and 4 percent a year on stock. 29,663 shares have
comes, John A. Stewart, of N. Y„ and Edwin II. Abbott, of
Mil wan
been converted into Lehigh Coal & Navigation stock, leaving only
kee. It (‘tiered to the Wisconsin Central Railroad owners to
exchange 3,004 shares unconverted.
Company.—(Nee Map.)—This company was
organized in 1887 to bring tue operations of the Wisconsin central
their bonds and stock
on the terms stated in V.
45, p. 24.
Wisconsin Central Railroad.—Owned on Dec.
31, 1886, the
mam line and branches
Menasha, to Ashland, 253 m.; Stevens Point
to Portage City. 71 m.; branches and spurs, 25
m.; total owned. 349 in.
Leased: from Neeuah to Schleisingerville,
64 miles; Packwaukee to
Montello, 7 miles; operated under contract, Milwaukee to Sehleisingerville, 33 miles. Total operated. 450 miles.
In January, 1879, the Wisconsin Central Road was taken
possession of
by the trustees for bondholders, who still operate it. There was a
land grant of 831,700 acres, of which 177,816 acres had been sold to
Dec. 31, 1886, for $554,687.
Interest on the second series is payable
January and June, but dependent each time on the net earnings of the
half year ending six months
before. The stock of $2,000,000 preferred
and $9,435,500 common was deposited in trust with Stewart and
Abbot,
Ti ustees, to be voted on until all interest should be earned and
paid on
bonds
Trustees’ certificates for new stock (without voting
power) were
issued to the old stockholders, which pass as a
delivery on sales.
The Milwaukee A Lake Winnebago RR., from Neenah to
Schleisinger¬
ville, is leased for 99 years; the rental is 37*2 per cent of gioss earnings
up to $175,000 per year, all surplus to go equally to lessor and lessee,
and the bonds are issued subject to this lease. From Milwaukee tide
Tn July,
of bonds
Delaware Ac Hudson.—The Delaware Ac Hudson Canal Co was
chartered April 7, 1823, and tho canal from Rondout, N. Y., to Hones-
dale, Pa., was completed iu 1828. The company owns the following
railroads, viz: Lackawanna Ac Susquehannah, Nineveh, N. Y., to Jetterson Junction, Pa., 22 miles; Valley RR., Carbondale to Scranton, Pa.,
17 miles; Union RR., Green Ridge to Mill Creek, Pa., 17 miles; Ply¬
mouth & Wilkeshaire RR. and bridge, 3 miles; Gravity RR., Olyphant
to Honesdalo, 56 miles; total owned, 114 miles; track of Jefferson RR.
used by contract, 35 miles; total operated in Pennsylvania, 150 miles.
This company is among the largest minors and carriers of anthracite coal,
The stock was increased to $30,000,000 to pay off the bonds due in
1884 aud 1891. The remaining $5,500,000 in treasury will be issued in
1891, to take up an equal amount of 7 per cent bonds. To shareholders of
May 24, 1883, there was allotted 35,000 shares to he paid for at par.
To shareholders of Oct, 1, ’86. there were allotted 10.OUO shares.
The annual report for 1886 in V. 44, p. 243, had the following:
The President, in commenting upon the result of operations in 1886,
which showed a trifle over 5 per cent on the stock, says: “ This result
is better than could have been reasonably anticipated, considering the
very low prioe at which coal ruled lor tho larger part of the year, and
could only have been reached hy the exercise of s’riot economy in the
,
.
-
Sub*crlber« will confer a
great favor by giving
explanation of column headings,
on iiret page of tables.
Lehigh Coal <&
&c., see notes
Date
of
Canal. Bonds
Miles
of
Navigation—(Continued)—
($2,810,000 assumed by
Consolidated mortgage loan
Mort. loan, g.
Greenwood 2d mortgage, reg.
General mortgage
Extended, 1877..
Pennsylvania—Stock
General mortg., interest guar’d by Penn.
■Sehuylkill Navigation—Stock, common
Preferred stock
1st mortgage, extended
2d mortgage
Mortgage bonds, coup, (payable
103
103
103
Size, or
Par
Value.
Amount
Outstanding
326
326
108
KR
1,000
$4,653,000
2,465,000
1,000
1,000
643,000
2,035 000
100
100
1,025,000
1,174,000
1,600,000
$500&c.
’76-’85
1,000
1869 carious.
50
1870
1,000
50
50
•
•
•
by P. & K.)
Cent.
Payable
Whom.
J. & D.
J. & D.
F. & A.
Philadelphia, Office.
Jtusquehanna— Maryland loan, 2d mortgage
Susquehanna Canal, common bonds, 3d mort.
do
pref. bonds, 1st mort
do
pref., 1st T. W. priority b’da
do
bonds of 1872, 4th mort
J.
1,000
1,326.000
i 1884
500
227,500
1884
1872
500
97,810
250,000
626,100
1,000,000
1,000
& J.
6
6
7
&
&
&
&
&
&
&
&
&
&
Phila., 233 80. 4th St.
Philadelphia, Office.
....
J.
J.
M.
M.
M.
J.
J.
J.
J.
J.
do
do
do
A. Leh. Val. RR. Co., Phila
do
do
A.
do
do
0.
do
do
A.
Q. -M.
6
6
6
7
6
6
756,650
&
&
&
&
....
6
6
228,000
| 1859
....
"6
35c.
70c.
3,990,392
1,200,000
1,000
1,000
1,000
by P. & R.)
do
)
7
7
1,691,730
do
do
do
Q.-F.
F.
F.
A.
F.
2
5
3,286,050
.
....
6 g.
7
7
4*2
2,934,000
684,912
1870
1863
1864
1839
pal,When Due.
Payable, and by
When
103.164
1,000
1,000
Where
Rate per
4,501,200
•
....
’
Boat and car loan, (payble
do
Boat and car loan (
discovered in these Tables.
Bona*—Princi¬
i in me diatef notice ofjany error
'
1867
1871
1872
1884
other co’s.'
Horris—Stock, consol., 4 jd.c. gu. 991* y rs. by Lohigh\.
Preferred stock, lOp. c. ^u. 999 yrs. by Lehigh V.
Newmortgage (for $1,000,000)
Preferred stock scrip dividend
Improvement bonds
[Vol. XLVI.
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
SUPPLEMENT
INVESTORS’
122
J.
J.
N,
N.
N.
J.
J.
J.
J
J.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
Phila. and Baltimore.
do
do
do
do
do
do
do
do
Stocks—Last
Dividend.
1897
June 1,1911
1892
1924
Aug. 7, 1887
Aug. 7. 1887
April 1, 1906
Feb., 1889
July, mo
Feb. 15, 1884
Feb. 15, 1884
March, 1897
1882 to 1907
1895
May, 1880
May, 1913
May, 1915
Jan., 1885
Jan. 1; 1918
Jan., 1894
Jan., 1894
Jan., 1902
i
i
Avery marked improve¬
has aided the general out¬
roads us reporte 1 for 1885 has
to tho comparatively small sum of
various branches of the company’s service.
ment also in the business « f the leased 1 ncs
come, and the loss of $313,329 o:i these
been reduced
$ > 1 (J94.
during the past 3 ear
Dividends have been paid as follows from 1881, when they were
resumed: In 1881, 4V, in 1-82 7 ; in 18-3, 7; in 1881, 7; in 18-5, G;
in 1886 and 1887, 5.
Ranee of t-tork prices since 1882 has been: In
188 1, 67® 114 ; in 1*85, 66*2 0100*2; i*:
87*43108*2; in 1887, 96*2® 106*2: in 1888 to Jar. 20 inclusive,
1883, 102*2® 112*8: in
1886,
10c!®
107*4
1883.
$
JUceipis—
9,575,362
52,403
Miscellaneous profits
287,038
Interest on investments...
257,541
Coal on hand (Dec. 31)
745,436
Railroad earnings in Penn.
888,559
Proilt on leased lines
1,905
ilale3orcoal
Canal tolls
lessees,
1886.
1885.
370,101
370,101
396,108
135,104
63,330
52,524
80,797
$2,048,551 $1,981,676 $1,728,507
Disbursements—
General and legal expenses
‘lent and taxes Nesquehoning Val.RR
Rent and taxes Delaware Div. Canal
80,078
$59,454
73,061
61.965
80,039
854,069
844,488
$58,460
97,050
69,921
Taxes....
$58,948
75,526
39,581
89,739
844,692
LOSS.
1884.
1885.
1886
$
8,213,157
$'
$
7,201,049 7,399.095
54,551
58,410
47,240
486,929 I
284.404 5
792,716
633,867
892.804
830,542
649,905
694,941
332,653
841,062
9,393,162
9,265.637
11,803,244 10,755.136
Total
Disbursements—
profit
•interest account
Comparative statistics for four years:
PROFIT AND
1884.
lOOi
on Lehigh Coal
Royalty on coal mined by
revenue from rents, &c., &c
^et
$
$
$
1883.
18=4.
1885.
$
$
$
Total disbursements
Balance of earnings
Less sink. fd. of 10 p. 0. p. ton on coal
Less depreo’n on coal, impF v’m’ts.&c.
Total
3urplus for year
Balance to credit of
$
div’d fd. Jan. 1..
$1,159,578 $1,119,027 $1,108,486
$868,973
$888,973 $665,649 $620,021
$89,419
$93,558
$80,717
'
76.026
$156,7
43
$15G,743
$732,230
$732,230
665,93 4
86.869
$180,427
$685,222
679,936
$89,419
$530,602
683.843
$1,398,164 $1,365,158 $1,214,445
$718,228
$681,345 $570,408
Dividends
Rate of dividend
619,905
892,804
4*a
6
6
492,924
745,430
4,239,907
4,996,195 4,549,430 3,975,297
873,5 17
592,803
Coal transportation, Ac...
811,873
557,500
$679,936 $683,813 $644,03 7
767,151
826,987
Canal freight and expenses 1,642,844 1.455,805
1,069,067
1,032,768
The
annual
Chronicle,
report
for
1886
in
V. 44, p. 274, said:
1,321,941 1,198,885
Interest
468.929
522,777
The earnings of the Lehigh & Susquehanua RR. system increased
Taxes and miscellaneous
546,624
585,446
313,330
21,695 $78,304 06, and were larger than in any year bofore, with the exception
174,490
Loss on leased railroads
■Balance
1.995,843 1.488.094 1.186.396 1,175.485 of 1883. Tiie chief gain was in freight and express earnings, and, while
the system of rai roads does uot e.xten l beyond Scranton, w- have been
Total
11,803,244 10,75130 9,393,162 9,205,687
able to get an increasing amount of Northei n ami Western business, as
GENERAL BALANCE AT CLOSE OF EACH FISCAL TEAR.
well as 10 share in the increased volume of local freight tratHo. so that
1886
Coal on hand Jan. 1
Mining coal
.
Assets—
©anal
Railroad and equipment..
Real estate
Mines and fixtures
Coal-yard, barges, Ac
Lack. & Susquehanna RR.
Albany & Susq. RR
New York A Canada RR..
Cherry Yal. & Sharon RR.
Meehan. & Ft. Edward RR
Schen.
Coal
on
Meehan. RR.....
hand Dec. 31
Advances to leased lines..
Advances on coal royalties
Miscellaneous assets
Telegraph and Car Co
Supplies,tools,&c.,on hand
Clash and bills receivable..
6,339,210 6,339,210 6,339,210
$
6,339.210
7,257,329
6,957,188 6,468,684 7.134,018
9,035,163 9,325,305 9,628,325 9,725,394
2,792,511
2,796,329 2,792,417 2,795,576
934,856 1,007,821
670,678
1,022,938
520,164
790,779
1,022,938 1,022,938
1,022,938
3,597,074
3,597,074 3,597,074 3,597,074
300,000
300,000
300,000
52,113
211,280
745,436
921,663
O'* 8.724
3,944,549
300,000
59,972
59,131
51,923
212,1*93
211,765
211,527
332,652
649,905
892,804
861,729
330,737
1,502,789
756.040
720,055
698.125
2,740,040-2,586,396
3,372,061
43,035
14,735
69,410
43,035
1,466,143 1,611,254
3,914,976 2,823.813
Total assets
43,213,038
Liabilities—
$
20,000,000
Stock
Bonds
18,763,000
Miscellaneous accounts... 2,444,732
Protit and loss
2,005,306
1,185,028 1,135,412
3,961,939 4,459.007
41,843,304 4i,656,642 42,401,213
ng ihe steady decrease of freight rates fur some years, our
earnings from this source have larg-ly increased, having averaged in
the fo ir years 1875 to 1878 $278*324 09, in the f our years 1879 to 1882,
$198,708 08, and in the four years 1833 to 1836, $729,579 51. The coal
uotwithsrand
tonnage also
increased, being, with the exception of that or the year
1883, the largest that has ever parsed over "the road, and only falling
3,994 tons below that of 1833. Our to al revenue tor 1886 was $1,723,507. a decrease since last year of $25.1,163, which is more than ac¬
counted fur by the lessened profit on coal, which was $26L,003. The
disbursement show a decrease of *10.540, an l the remainder shows a
decrease of$245,617. From
for the cool sinking fun 1, an
this remainder $89,418 has been deducted
one-half
$570,403. have
of $39,806.
l two dividends, one of t«ro and
per cent, and one of two per cent, amounting tog ther to
been pai 1, which drew on the dividend fund 10 the extent
The work of developing our coal lands has been pashed forward vigor¬
ously tnr *ugh the year, and tho r ite of production of oar miues can be
ft ill v maintained during tho coming season.
(V. 43, p. 634; V. 44, p.
274; V. 45, p. 113.)
Ulorrls.—Leased April, 1871, to Lehigh Valley Railroad for 999
The lessees assume bonds and scadp, and pay 10 per cent per
annum on pref. stock and 4 per cent on consol, stock.
years.
$
$
$
23,500.000 23,500,000 24,500,000
Pennsylvania..—Worked in interest of Pennsylvania RR., which
15,378,000 15,378,000 15,378,000
778,072
694,392 guarantees interest on bonds. Earnings in 1836, $281,385; net, $79,537;
812,002
2.187.732 1 966.640 1.888.821 interest, $17o,6 40; loss, $91,103. Earnings in 1885, $274,207; net,
43,‘213,038 41,843,304 41,656,642 42,461,213 $123,765; interest, $175,350; def., $46,534.
Total liabilities
"* These miscellaneous assets include the following: Sundry bonds
Schuylkill Navigation.—Leased from June 1,1870, to Philadel¬
$72,545; 6,500 shares Albany & Susquehanna RR,, $650,000; 16,078 phia A Reading for 999 years. The unpaid rental by P. & R. to Deo.
shares Rensselaer & Saratoga RR.. $1,607,80 »: sundry stocks, $256,050.
.il, 1886. was $1,287,993. The P. & R. bus paid some of the cou¬
—(V. 43, p. 163, 398, 635; V. 44, p. 184, 210, 212, 243, 335; V. 46, pons and purchased others, but in Dec., 1886, interest was not paid,
p.
38.)
Jersey are referred to
for 1336 Had the follow¬
under the new arrangement with Central of New
In V. 45, p. 113. The Board ot Managers’ re aurt
ing statement of receipts and disbursements:
1885.
1886.
From railroads and Nesque. Tunnel. $1,458,200 $1,459,035 $1,464,381
Lehigh Canal, incl. water powers
97,969
65,971
50,220
Delaware Division Canal
58,951
11,038 def. 1,995
Receipts—
i in March, 1837, the P. & R. threatened to relinquish the oanal
and withuraw its boats. By assent of nearly all the hoi lers. an adjust¬
ment of the de *t has been made under tho Puii. & R ;adiug re irganization plan. The report for 1386 (V. 4 4, p. 210) gave a statement of the
an
of New Jersey
gold loan due
The Lehigh di
loan due 1897
Bonds matur¬
ing 1884 were extended-4111 1914 at 4^. Tiie modifications of lease
Lehigh Coal Sc Navigation.—The Central Railroad
assumed (in purchase or equipment) $2,310,000 of the
1897 and leases the Lehigh & Susquehanna Railroad.
Wilkesbarre Coal Company assumes $500,000 of the gc«»ld
and $771,000 (all) of the convertible gold loan due 1894.
1884.
company’s relations to the P. & R. company and a history of its pros¬
perity in former years. The loss to tho R-adiug iu 1835-86 was $477,614; loss in 1834-35, $444,2y2.
(V. 44, p. 752, 782, 809; V. 45, p. 143,
573.)
Susquehanna.—Leased and operated by Philadelphia Sr Reading
Railroad for interest on bonds aud half of not earnings. Under
Reading plan, tho stock aud bond li dders have generally a-tseuted to
an
Loss to Reading in 13^5-6, $239,784; loss)*'
(V. 44, p. 809./
exchange of securities.
1834-5, $230,657.
the
MISCELLANEOUS
Ja!ntJAry, 1888. J
Subscribers will confer a
AND
123
BONDS.
great favor by giving Immediate notice of any error
discovered In tbese Tables.
Bonds -Princi¬
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
STOCKS
explanation of column headings, &o., see notes on
first page of tables.
A dam 8 Express—Stock
American Bell Telephone— Stock.
Amcr. Tel. <& Oable—Stock, guar 5 by West. Union
American Coal (Maryland) —8tock
American Cotton Oil Trust—Certificates
American Express—Stock
Cameron Iron (6 Coal Co
Canton Company—Stock (44,300 shares)
Central <£ South A meric m Telegraph— Stock
Colorado Coal <& Iron—Stock
1st consol, mortgage, gold
Columbus <£ Hocking Coal dt Iron Co.—Stock.
lstM..g., 8. f’d (on 13,35 L acres I’d, mines & b’d’gs)—cv
Commercial (7ix5£e—S:ook
Consolidation Goal of Maryland—Stock
let mortgage, consolidated, convertible
Consolidated Gas (N.Y.)— Stock
-
Date Size, or
of
Par
Bonds Value.
10*4
100
100
1,000
1880
100
1887
1,000
Too
1872
Bonds
Gold dt Stock Tel. —Stock, rental guar. G% 99 yrs.W.Uu.Tel.
Bonds
Internall Ocean Telegraph—Stock, 6% 99 yrs., W. Union..
Iron Steamboat Company—Stock
Bonds
1
14,000,000
1,500,000
41,726.‘2»>0
18,000,000
3,000,000
719,875
4,006,600
100
35,430.060
100
291,000
658.000
651,000
500,000
1,000
4,550,000
100
4,000,000
1,00 )
1,000,000
5,000,000
100
500
500,000
3,000,000
2,000,000
500,000
500
1881
Stocks—Last
Dividend.
1887
1888
1887
1887
1887
1888
New York Office.
Jan., 1888
N.Y., Company’s Office.
Feb. 1, 1900
N. Y., Central Trust Co.
Jan. 1, 1917
N.Y., Co.’s Office, 71 B’y
Jan* "28," 1887
do
do
,T.
D. N.Y., Office,4 Irving PI.
N. Farmers’ Loan & Tc. Co.
do
do
A.
D. N. Y., Company’s Office.
N. Y., 19 Courtland St.
A O.
& O.
Q.-J. N.Y. Office, 340 3d Av.
F. & A. N. Y., Central Trust Co.
Q.-J. N. Y., West. Union Tel.
do
do
M. & N.
Q.-J. N. Y., West. Union Tel.
Jan. 1, 1897
Dec. 15,1887
1^
6,000,000
10,250,000
2,444,500
Whom.
N. Y., Company’s Office. Deo. 1,
Q.-J. Boston, Compy’s Office. Jan. 14,
Dec. 1,
,Q.—M. N. Y., West. Union Tel.
Mar. 10,
N. Y., 35 Broadway.
New York Office.
Aug. 1.
Jan. 3,
J. & J. N. Y., Company’s Office.
10,000,000
3,499,000
4,700,000
1,000,000
1,000
Payable, and by
Q.-M.
9,802,100
100
100
25
100
100
100
1881
(income)
Rate per When Where
Cent.
Payable
$100 $12,000,000
Bonds, Municipal Gaslight Co
Bonds, Metropolitan Gaslight Co
Bonds, Knickerbocker Gaslight Co
Cumberland Goal <& Iron— 8toek
Detroit Mack. & Marquette Land^Co.—Bonds
Emiitabie Gas Light Co — Stock
Amount
Outstanding
pal,When Due.
J.
J.
M.
F.
J.
A.
A.
<fe
&
&
&
&
J.
& J. N. Y„
First"
May 1, 1888
Aug. 1, 1901
June 1, 1898
(?)
Oct. 1, 1911
Jan. 15, 1888
Aug. 1, 1899
Jan., 1888
May l, 1899
Oct., 1887
Nov. 1, 1887
Nat. Bank.
July 1, 1901
In the real estate department the earnings are wholly from reutals of
Express.—No definite information.
houses, lands, &c., containing no receipts from land sales. (V. 44, p.
American Bell Telephone Co.—See report for the year ending 400.)
Deo. 31, 1886. in Chronicle, V. 44, p 433. In 1886 paid 16 per cent
Columbus 6c Hockiug Coal 6c Irou Co.—The company was
dividends, including an extra dividend or 4 per cent. In 1837 an extra
organized at Columbus, O., Jan. 26. 1883, aud its general offices are at
dividen 1 of 4 per cent was paid Aug. 15. (V. 44, p. 433.)
Columbus, O.; Mr. Percival Farquhar, President. The N.Y. office is at 10
American Coal.—There are mortgage bonds for $200,000. The Wall St.
Tile Central Trust Co. of N. Y. is trustee of the mortgage.
annual report for 1886 gave the following information: Income, 1886, After May 1, 1888, two cents on every ton of coal from the mortgaged
$444,839; total expenses and dividends, $442,857; balance, $1,931. premises goes to a sinking fund. Bonds tendered may be purchased at
-(V. 44, p. 274.)
not above 105. The company owns large coal and iron properties, with
extensive works thereon, in Ohio, and a full description of these was
American Cotton Oil Trust.—This is a "Trust” formed to con¬
trol a large proportion of the cotton seed oil mills of the United States. published in the Chronicle of Feb. 26, 1887, V. 44, p. 278. The total
The Board of Management consists of nine trustees, or whom three are property and assets on Jan. 1, ’87, as per balance shoot, were $5,657,535.
The gross earnings, operating expenses and net earnings of the com¬
elected each year. The title deeds of the several properties owned are
pany from March 1,1883, to April 1, 1887, were as follows :
deposited with the trustees, who issue their trust certificates of $100
Gross earn’gs.
each, and these are dealt in at the Exchanges. Up to the dose of the
Oper. Exp. Net oarn’gs.
year end ng May 31, 1837, the net earnings were $2,439,720, and the
$
$
$
Date.
balance of unsold products at close of the year were $3,878,660; cash on
March 1, ’83, to April l, ’84.. 1,667,282 10 1,527,747 79 139,534 31
hand, $757,819. Dividends of 1 per cent quarterly for the ensuing April
1,’84. to April 1,’85..
800,5-4 90
700,041 91 100,542 96
year were declared, but in Oct., 1887, the compauy announced that
dividends would be suspended. Mr. J. V. Lewis resigned from the April 1, ’45, to April 1, ’86.. 1,220,924 37 1,060,505 88 160,418 49
presidency. N. Y. Office, 18 Broadway, N. Y.—(V. 45, p. 25, 538, 564, April 1, ’86, to April 1, ’87.. 1,442,235 00 1,278,075 00 164,220 00
-(V. 44, p. 278, 553.)
696.)
Commercial Cable Co.—This Is popularly known as the Maokay
American Telegraph 6c Cable Co.—Owns two cables between
In September, 1887, the stock was ratsed from
Bennett Cable Co.
Sennon Cove, England, and Dover Bay, Nova Scotia. The stock of
$20,000,000 was 70 per cent paid up, and in April. 1882, a pooling ar¬ $4,U00,000 to $6,030,000.
rangement was made with the other cable companies for 33 years, by
Consolidated Gas of New York.—This company was organized
which this company receives 22Lj per cent of combined revenues while
Nov. 1L, 1884, under chapter 367, laws of New York, 1834. The ooinboth its cables are working and 128) per cent if only one is working,
which percentages boll good for one year after any breaking of the pnuies merge l in it were the New York Gaslight, the Municipal Gascables; if not repaired witbin that time the percentages are reduced light.the Metropolitan Gaslight, the Manhattan Gaslight and the Harlem
according to the time that the cables remain broken. Then this com¬ Gaslight. The total stock was $19,078,090, of wtiioh $3,617,940 was
pany’s cables were leased to Western Union for 50 years, with a guar¬ reserved for working capital aud for indebtedness of old companies.
anty of 5 per cent per annum on the stock issued-$14,000.000.
Consolidation Coal.—Annual report for 1886 wa3 in V. 44, p. 210.
Camerou Iron 6c Coal Co.—This company was organized by let¬
The gross receipts from mines, railroads, rents,
1886.
1885.
ters patent of the State of Fa., and tiled its certificate Dee. 7, i8SG.
&c (incl’g value of st’ek of coal on hand), were.$2,055,313 $2,039,427
The lands and propeity are near Emporium, Pa., aud formerly In-longed
Tot. expeu’s of every kind (excl. of int. <fcsink. fd.,
to the Cameron Coal Co. Nicholas C. Miller, President, N. Y. See V.
but incl. steel rails & all extraordinary outlays). 1,750,772
1,783,442
44,
Adams
.
p.
117, 149, 184.
Canton Company (Balt.)—The capital stock, by changes made
subsequent to the original issue, became practically only $16 25 par
per share, aud was reduced by purchase and cancellation to 44,300
shares. A brief history of the company was given in V. 30, p. 117. The
company
owued the stock of the Union RR. Co. and guaranteed its bonds,
but sola this stock ($600,000) to the Northern Central RR. in April.
1882, for $594,000.
The Union RR. sinking fund of $689,835 remained
but is held by the trustees till bonds have
The last of Cauton Co. bonds were paid
the property or Canton Co.,
teen paid off at maturity.
July, 1886.
Central 6c Sooth Am. Telegraph.—Line from VeraCruz, Mexico,
to Chorrillo8, Peru, with branches, 3,ioO
land lines.
Completed November, 1882.
miles of cable and 335 miles of
Connects at Lima with West
Coast Tel. Co. of America, having 1,700 miles of oable to Valparaiso,
and at Vera Cruz with Mexican Telegraph Co. Stock is $5,000,000; no
bonds. Surplus revenue Dec. 31, 1886, after providing for dividend,
$154,179. James A. Scrymser, Pres’t, N. Y. (V. 44, p. 274.)
Colorado Coal 6c Iron.—This company, with headquarters at Col¬
orado Springs, Col., was a consolidation Dee. 13,1879, of the Central
Colorado Improvement Co., the Colorado Coal
Steel Works and the
fioutneiii Colorado Coal & Iron Co. Stock is non-assessable. In Nov.,
1887, a decision in regard to certain land titles was male in favor of
this Co.
An abstract of the report of 1886 was in V. 44, p. 400, showing gross
earnings and net income as below stated.
•1886.
1885.
v
Gross
Gross
Net
Net
Coal department
Coke department
Iron and steel dep’t
Iron mines dep’t
Real estate dep’t
Miscellaneous earn’gs
Totals
Earnings. Earnings.
$134,030 )
322,427
110,077 >
562,236 loss26,427
7,937 loss.2,096
24,651
7,059
4,729
4,729
$757,460
$1,679,440
$227,373
5
INCOME ACCOUNT.
Earnings.
Earnings.
$1,197,270
$285,400
690,086
654,316
1088.976
'24/953
5,140
8,308
5,140
$1,917,449
$333,611
$227,373
10,743
investments, &o
Total.
Less interest on bonds....
Less interest, discount and
.....
...
exchange
f
Increase in 1836 over 1885
Royalties earned, includediuoper. expenBea
...
$304,540
receipts
$255,985
took $166,831; balance, surplus. $39,153
hold to retire old bonds. This com¬
guarantees also 2d mortg. bonds of the Cumberland & Pennsyl¬
vania, and assumes $135,00o of the Union Mining Co.’s bonds.
The
total bonded debt on lands and railroads is $2,417,500. (V. 44, p. 210.)
Consolidated mortgage bonds are
pany
Detroit Mackinac 6c Marquette
Land Co.—Owns about
1.100,000 acres of la.»d in Northern Michigan, along the line of the D.
M & M RR., winch road was sold in foieclosure Oo . 2 >, 1886.
This
the land grant bonds retained their lien upon
mortgage. The bondholders have the privi¬
lege or exchanging their bonds for 3 5 per cent in new common stock
of the Duluth South Shore & Atlantic RR. Co. The lands n tve not yet
sold to a largo enough arnouut to pay the bondholders auything. About
44 800 acres had been d'spas d of to Jan. 1, 1887. Lunds aro also free
from taxation. James McMillan, Detroit, President.
company was formed, and
the lauds covered by their
Equitab'e Gas Light
Co.—Incorporated Maroh 9, 1«82. Owns
three bio ks b tween 39tu an 1 42d St"., First Ave. an l East River; also
32 lots between 58th an 1 59th Sts and 10th and 11th A ves Total assets,
Jan. 1, 1887, $ >,128,2 42; mam* anout 79 mile*; gas
works valued at
1887,
1887,
$2,032,520; real estate at $1,159,265. There were also Jan. 1,
$500,0 >0 certificates of indebtedness. It was voted in December,
to issue $1,000,030 new stuck, and this amouut is included above.
International Ocean Telegraph Co.—The Western Union Co.
operates the lino oy contract for 99 years from Jan. 1, 1882, paying 6
per cent per year on stuck.
Gold A Stock Telegraph
contract for 99 years from Jan.
and bonds.
Co.—Operated by West. Un. Tel Co. by
1, ’82, at 6 per cent per anuum on
stock
consists of seven iron steamboats.
listed in June, 1882. Stock, $2,000,000. In year end¬
ing Sept HO, 1887, gross receip's were $365 893; not, $3u,017; divi¬
dends, 2L? per cent. (V. 43 p. 452; V. 4 3, p. 612.)
Iron Steamboat Co.—Property
Bunds and sloek
Coal.—This company was organized Feb.
Jersey through
of New Jersey
owns $6,116,000 of the consol, mortgage bonds and $2,353,000 of the
$238,116 $342, il61 income bonds. The L. & W Coal Co. also assumes and counts as part of
$299,940 $209,940 its funded debt $747,50 » bonds due 1891. and $500,0 d) bands duo 1897.
2,432
of the Lehigh Coal & Nav. Co. The company was in receiver’s hands
$212*47 Z $209.^40 with Central of New Jersey, and in March, 1832. the receiver was dis¬
charged and property returned to its stockholders. Mr. W. H. Tilling
$106,577 has% Pres’t, N. Y. City. The annual report for 1886 was in V. 44, p. 274*
coE t. $64,84C
$60,657 -(V. 44, p. 274.)
1885.
Net earnings
Add income from
Net
The int. and sink. fd. in 1886
-
Lehigli 6c Wllkesbarre
1886.
$333,611
8.650
«P ID
1
6, 1874. It is controlled by the Central RR. of New
ownership of a majority of the stock, and the Central
Subscribers will confer a
Date
ot
Bonds
or
Par
Value.
*
$....
.*1
1,000
1875
Consol. mort. ($6,116,000 of this held by Cent, of N. J.).
iPliindry mortgages
_
_
lnc’me bds,reg.(not cum.) $2,353,000 held by Cent. N.J.
yMarivosa Land <& Mining—Stock
lOOAe
100
100
....
1875
^Mortgage bonds
hXmyland Coal—Stock
Bo*nd, drawn at, $100
Murinan Telegraph,—Stock
*
”*50
....
100
100
Oregon improvement Co.—Stock
Preferred stock
fd., $3 09,000 held ms. f., but draw hit... c 1880
iPacitlc Mail Steamship—Stock
1st M., g.. sink,
Pennsylvania Coal—Stock
....
.Philadelphia Company—(Natural Gas) Stock
Postal Telegraph <£ Cable Co.—Stock ($21,000,000)
366,409
3,472,300
1,000
100
Payable
Whom.
*6*
M. A N.
New York A London.
N. Y., 160 Broadway.
do
do
do
do
do
do
6 A 7
7
JPoughkeepsie Bridge. —1st mort.., gold, for $5,000,000. ..c'
1886
50
5,000,000
50
13,333,000
7,000,000
1,000
....
Q.-M.
5, 6 A 7
3,000,000
mortgage (for $10,000.000)
When
•
•
•
•
51. A N.
7
Where
Bonds—Princi¬
pal,When Due.
Stocks—Last
Payable, and by
Dividend.
1899
June 1,
1900
May 1, 1888
10,000,000
5,000,000
250.000
1,000
Rate pei
Cent.
$8,700,000
1,725,000
593,211
11,500,000
4,400,000
152,000
1,434,400
5,000.000
2,500,000
5,000,000
3,000,000
1,500,000
1,006,< 01
2,500,000
1,180,000
7,000,000
2,000,000
5,000,000
29,000,000
100
50
Bonds, interest guaranteed
Outstanding
100
100
25
1881
Amount
1,000
1,000
100
Vcw? Central Coal—Stock
N. F. Mutual Tel.—Stock, guar. 6 p.c..99yrs.,by West.Uu.
1st mortgage bonds, gold, guar, by West. Union .
.’Kfiw York <& Derry Coal & Iron Co. — Stork
J\ew York if; Texajt Land (Limited)—Stock
Land scrip receivable 75 per cent for lands
“northwestern Tel.—Stock, 4 rising to 6p. c., guar. West. Un.
1st
Size,
$....
£200
iluthigh dt Wilkesburre Coul—Stock
Sterling loan
M-nrtgn.gf'i loans ($110.000 are 7s)
.
discovered in these Tables.
INTEREST OR DIVIDENDS.
explanation of column headings, Ac., see notes on first
page of tables.
Preferred stock
[Vol. XLVIJ
great favor by giving immediate notice of any error
DESCRIPTION.
<^or
SUPPLEMENT.
INVESTORS’
3'24
J.
A J.
New York.
....
Jan. 1, 1886
Jan. 1, 1876
Nov. 1, 1906
.
M. A N.
7
2^
1
N. Y.. 135 Broadway.
N. Y., Company’s Office.
Jan., 1888
New York, Ottice.
-M’ch 1, 1887
J. A J. N. Y., West, Un. Tel. Co.
Jan., 1888
M. A N. New York, 1st Nat. Bk. May 1, 1911
N. Y., 52 Broadway.
Oct. 31, 1887
Q-J.
New York Office.
Aug. 9, 1887
J. A J.
J. A J. N. Y. West. Un. Tel. Co. Jan. 1, 1888
do
do
Jau. 1, 1904
J. A D.
Sept. 15. 1883
Q.-J.
.
3
6
1
S
.
.
.
....
*
251(,
7 g.
4
....
....
6*g.
Dec.
N.Y., Company’s Office.
1
Q.-F.
4
1
M’tliiy
Q -M.
1.
1910
Sept. 15, 1887
N. Y.. 1
Broadway.
Pittsburg.
Feb.. 1888
Jan. 25, 1888
r
r
"6
6 g.
5,000,000
N.Y.Am. Exch.Nat. Bk.
F. A A. N. Y. City, 5Ierc. Tr. Co.
Q-F.
Aug.
T
i,
r
1936
Philadelphia Company.—The company was incorporated by
Mariposa Land Sc Minin".—'There are outstanding only 15,00 0 |
owned by company. Litigation has been in j special act in Pennsylvania. March 20, 1871, as the Empire Contract
Company, and took the present name June 11, 1884.
In 1887 the
nothing done on the estate.
Chartiers Company was leased for 99 years at a rental of 30 p?r cent of
Maryland Coal Co.—No late reports.
Philadelphia company’s net earnings monthly. The Philadelphia com¬
pany controls a large share of the natural gas production about Pitts¬
Mexican Telegraph.—Company organized in 1878 under laws ot
burg and vicinity, owuing or leasing a large quantity of gas territory
"New York State. Has a cable from Galveston to Tampico and Vera and 700 miles of
pipe*. The company began to pay dividends in Oct.,
Cruz, 73s miles; land line, Vera Cruz to Mexico City, 267 miles, 1885. Geo.
Westinghouse, Jr., President, Pittsburg. (V. 44, p. 744 ; V.
Has exclusive right for 50 years for all foreign telegrams to Mexico,
45, p. 292, 438; V. 46, p. 76.)
^•axwipt telegrams to and from a neutral zone on the United States
Postal Telegraph Sc Cable—Of the stock $7,000,000 is out¬
herder 156 miles wide, between the Gulf and Pacific Ocean.
Company
standing. $12,000,000 is
held in trust, and balance remains
owns 1,362 shares of the Central & South American Telegraph Co. Rev¬
in
treasury.
The name
Mr. J. W. Mackay is the President.
enues in '66, $221,001;
expenses, $59,290; dividends, 8 p. c., $114 ,
of
the
Postal Telegraph
changed November, 1883.
Co. was
752; surplus, $46,959; total surplus Dec. 31, 18 36, $68,715. Caidtal
(See V. 37, p. 564).
The Postal Telegraph Company sold all its
stock is $1,500,000. Jas. A. Scrymser, Prest.. N. Y.
(V. 44, p. 274.)
property and francltises to the Postal Telegraph & Cable Co., which was
organized under the laws of this State expressly for this purpose.
New Central Coal (Md.>—The annual report for 1886. in V. 44, p.
'274, showed net pronts for year of $7,818 ; and balance to credit of In May, 1885, receivers were appointed, and a scheme for reorganiza¬
tion of the Postal Telegraph & Cable Co. was proposed, as stated in V.
protit and loss Doc. 31,1886, of $252,684. (V. 44, p. 274.)
40, p. 626, 645, by which the company will have no bonded debt and
stock for $5,000,000 only. The present bonds will take new stock for
New York; Mutual Telegraph.—The Mutual Union Telegraph
35 per cent of their face, and the old stock will receive 5 per cent of its
Co. was organized under New York State Laws. Stock was $600,000 and
amount in new
Foreclosure suit begun by Farmers’ Loan & Trust
afterward increased to $10,000,000. In Feb., 1883, a lease to Western
Union for 99 years was agreed to at 1*3 per cent yearly dividends on Co* Nov., 1885, and sale took place Jan. 15, 1886, for a nominal price of
$280,000. See V. 42, p. 94. (V. 43, p. 125.)
the stock and interest on the bonds. The organization was changed to
iho New York Mutual Telegraph Company and the stock was reduced to
Poughkeepsie Bridge Co.—Chartered in 1871 to build a railroad
S2, 500,000, carrying dividends of 6 per cent per annum.
bridge across tbe Hudson River at Poughkeepsie. Active operations to
complete the work were begun iu 1886, and contract made with Union
N. Y. Sc Perry Coal Sc Iron Co.—This company was organized Bri ige
Co., the bridge to be ready for traffic in 188 3. Capital stock.
under the law’s or New York in June, 1885, as a reorganization of the
$5,000,000. Abstract. of mortgage (Mercantile Trust co. Trustee) in Vol.
-N. Y. A Straltsville Coal & Iron Co., which was foreclosed. The assets,
45, p. 275. N. Y. Office, 15 Broad Street. (V. 45, p. 275, 401, 473.)
as per balance sheet on June 2o, 1887, were $3,476,468, and stock was
Pullman Palace Car.—Tbe stock has been increased from time to
Increased to $3,000,000. A full exhibit was published in the Chron¬
icle, V. 45, p. 84. Dividends of
percent paid in 1887 (V. 44, p. 744; time to provide new capital, as wanted, since the price, ruling above
par. gave a bonus to stockholders when subscribing for new stock;
V. 45, p. 55, 8 1.)
OlHce, 52 Broadway, N. Y. v>ity; C. R. Griggs, Prest,
an increase of 25 per cent was voted at the meeting iu Oct., 1887, and
is included in the amount outstanding above.
New York Sc Texas hand—This company took the lands granted
Fiscal year ends July, 31; report for 1886-7 was in V. 45, p. 538.
to the International and Houston A Great Northern railroads, about
INCOME ACCOUNT.
3,000,000 acres, which were given in settlement to the holdeis of con¬
vertible ard 2d mort. bonds. June 30,1887, had 2,303,971 acres unsold.
Revenue—
186 4-85.
1885-86.
18SG-87
~KV. 44, p. 527.)
$
$
$
4.946,151 5,075,383 5,621.018
Northwestern Telegraph.—This company owns 8,000 miles of Earnings (leased lines included)
667,477
548,129
819,914
wire and is leased to Western Union for 99 years, with guaranteed divi¬ Patent royalties, manuf. profits, Ac..
dends of 4 per cent at first, rising one-eighth per cent a year to 6 in
Total revenue....
5,613,628 5,623,512 6,440,932
3L897 and afterward. The bond interest is guaranteed.
shares, the balance being
progress many years and
-
.
Disbursements—
-
-Oregon Improvement Co.—This company owns $3,000,000 stock Operating expenses, including legal.
of the Seattle Coal A Transp. Co.; $575,000 stock of the Columbia A
gener.il taxes and insurance (leased
lines included)
Puget Sound RR.; $1,969,900 stock of the Pacific Coast S. S. Co.;
1.949,655 2,057,627 2,224,807
Floating debt Isov. 30, 1886, $708,230, and assets $685,219.
The Paid other sleepmg-ear associations
controlled and operated
$2,000,000 prof, stock to pay for improvements, Ac., was issued June,
802,176
969,896
708,005
18«7.
(See V. 44, p. 654). For year ending Nov. 30, 1886, gross earn¬ Rentals of leased lines
162,529
66,000
66,000
ings, $2,946,107; net. $725,434. From Dec. 1, 18S6, to Nov. 30 in Coupon interest on bonds
171,453
168,050
159,150
186V (12 inos.), gross earnings were $4 06C.971, against $2,946,107 in
Dividends on capital srock
1,273,962 1,274,0 28 1,274,176
1885-6; net, $1,135,116, against $725,434.
(V. 43, p. 49, 191, 308, Repairs of cars in excess of miletge
210,018
459,579,746; V. 44, p. 91, 212,654, 752,809; V. 45, p. 53, 84, 211, Con:ingeney account
100,000
100,090
369, 509; V. 46, p. 76.)
Total disbursements
4.365,604 4,167,881 4,904,047
Pacific Mall Steamship.—The Pacific Railroads give totliesteam1,248,021 1,155,631 1,536,885
ehipcompanv a subsidy of $65,000 per month). See V. 45, p. 727.) In Net result
—(V. 45, p. 509, 538, 696.)
October, 1887, Mr. Geo. J. Gould was elected President in pi ice"of Mr.
Henry Hart.
Quicksilver Mining.—The preferred stock is entitled to 7 per ct.
Prices of stock yearly since 1880 have been:
Iu 1880, 27^^62; in per annum, not cumulative, and any surplus goes to the common and
.1881,39®62*4; in 1882. 3-%@4S%; in ls83, 28® 443i; in 18-4. 31@ preferred equally. See annual report for 1386-87 in V. 45. p. 83, show¬
57*3; in 1885, 461a'»70; in 1*86, 453*®07; in 1887, 32>4®5834 ; in ing net income for the year of $L78,448; (V. 43, p. 72; V. i5, p. 83,)
1888 to Jan. 20 inclusive,
St. Louis Bridge Sc Tunnel Railroad.—1The railroad and tunnel
Fiscal year ends April 30; report for 1886-7 was in V. 45, p. 680.
Foreclosure under
were sold under the mortgagee! 1873, July 1. 1878.
EARNINGS.
1884-85
$1,016,172
1,848,781
1,547,225
159,066
254,949
Atlantic Line
Panama Line
Trans-Pacific Line
Australian Line
Subsidies and other sources
Total.
....
1885-86.
$957,810
1.603,536
1,534,272
1886-87-
$769,080
l.:i68.88 2
1,282.317
166,414
217.906
$4,826,193 $4,479,939
216,092
$3,633,371’
EXPENSES.
Atlantic Line
Panama Line
Trans-Pacilic Line
Australian Line
Agencies
Miscellaneous expenses
1884-85.
1885-86.
$579,028
$608,065
1,080.241
1,100,506
737,392
194,718
413.185
184,309
714,100
149.490
457,367
170,191
1886-87.
$690,166
'1,357,949
682,821
435,838
171,064
$3,179,454 $3,337,838
$1,617,055 $1,300,485
$295,533
No balance sheet to April 30, ’87, was given in the annual report:
43, p. 308; V. 44, p. 212, 680; V. 45, p. 240, 272, 473, 727.)
Total
Net earnings
$3,209,138
the first and second mortgages on the bridge was made Dec. 20, 1878.
On July 1, L831, the bridge and Tunnel Railroad were leased to the Mo.
Pacific and Wabash St. Louis A Pacific for the term of their cor¬
following, viz.: Of the stock $2,490,000
preferred, by the terms of the lease, is guaranteed 6 per cent;
$3,000,000 second preferred is guaranteed 3 per cent per annum.
The railroad stock of $1,250,000 is guaianteea 6 per cent a year.
The whole annual charge for rentals is $0 / 0,000, one-half payable by
porate charters, on the terms
first
Missouri Pacific and one-half by Wabash.
by the London
The,common stock was held
Reorganization Committee, and under the lease was
transferred to Mercantile Trust Company of N. Y. with power to vote
In the year ending Dec. 31,1885, gross earnings were $1,542,879; fixed charges and guar, divi’ds, $873,522; surplus balance, $2,042.
In 1836 gross earnings, $1,5 >4,212; net, $336,799; charges, $^59,027;
deficit $22,228—caused by Southwest strike.
thereon.
Southern Sc A>lantic.—Lines leased to Western Union and stock
guaranteed by tbe rental, 5 per cent per annum.
Sterling Iron Sc Railway.—The property of this company, in
Orange County N. Y., (and a few acres in Rockland) consists or 25,000
acres of land, with furnaces, Ac., having a capacity of 15,000 tons of
pig iron per year, and 7*3 miles of railroad, houses. Ac. The company
endorses the $471,674 bonds of the Sterling Mountain Railway. A. w
Humphreys, President, 45 William Street, N. Y.
C-
MISCELLANEOUS STOCKS AND BONDS
January, 1888.]
Subscribers will confer
a
great favor by giving immediate notice of any error discovered In tbese Tables.
DESCRIPTION.
explanation of column headings, Ac., see notes on first
page of tables.
Date
of
Bonds
pitUman Palace Car—Stock
~
1872
1878
Bonds, 4th series
Bonds, debenture
Quicksilver Mining—Common stock
Preferred 7 per cent stock, not cumulative
Bt. Louis Bridge <6 Tunnel RR.—Bridge stock, common
1st preferred stock, guar, by Mo. Pac.
2d preferred stock, guar
isi mortgage, new," sinking fund
Tunnel RR."of St. Louis, stock, guar
Southern <6 Atlantic
and Wab
1879
or
Par
Value.
1880
1876
Plain income bonds
Butro Tunnel—Stock
1,000
25
50
500 &c.
1,000
1877
,
consol, mort., gold
c*
Tennessee Div. bonds, gold, sink, fund 1% p c. yearly.c*
United Lines Telegraph—Stock
1st mortgage (subject to old lien
2d mortgage (for $3,600,000)
United States Express—Stock
....
....
Ala
of $300,000)
4.291.300
2,500,000
2,490,000
3,000,000
5,000,000
1,250,000
948,875
Rate per
Cent.
j When
Where
2
8
7
40c.
2
!!a.Q--F.
& o.
N.
495,575
7 g.
3
2%
7
1887
1887
1,000
100
100
100
1872
1875
1,000
1,000
1 875
filOOAo
^
New York.
^
10,000,000
6,250,000
86,200,000
1,336,000
4,920,000
*81.324
London.
N. Y. Fourth Nat. Bank
M. A N.
N. Y., Central Tr. Co.
A. A O. N.Y.. Nat. Park Bank.
J. A J N.Y., Fourth Nat.Bank.
A. A O.
do
do
....
1
7
....
A J. N. Y., Drexel, M. A Co.
do
do
A. A O. New York and London.
J. A J. N. Y., Drexel, M. A Co.
A. & O. N.Y., West. Union Tel.
Feb.
....
.
6 g.
6 g-
Stocks—Last
Dividend.
Y., Farm L. A T. Co. Feb. 15, 1888
do
do
Aug. 15, 1892
do
do
Oct. 15, 1888
May, 1882
N. Y. .Ofti 3e,20Nassail? t. Feb. 1, 1888
20,000,000
997,863
10,000,000
Bond ^- Princi¬
pal, When Due.
....
7
6
300,000
3,460,000
1,400,000
3,000,000
1,200,000
(1)
....
.
!J. & J.
715.000
1885
•
.
1*3
1.000
....
•
.
iJ.
1,000
1,000
•
.
;
!
2,300,000
418,000
•
Payable and by
Whom.
Payable
3
1883
1882
Wells, Fargo <& Company Express—Stock
Western Union Telegraph—Stock
Real estate bonds" gold, sinking fund
Bonds, coup, or reg., sinking fund 1 per cent
Sterling bonds, coupon (sinking fund 1 p. ct. per annum)
Outstanding
1188652--43.
10
Mortgage (no bonds)
INTEREST OR DIVIDENDS.
Amount
$100 $19,909,000
1,000
820.000
1,000
955,000
100
5,708,700
....
Telegraph-Stock (guar. 5 per cent.)..
Birmingham, Ala., Div
Size,
100
100
100
100
Sterling Iron <& Railway.—Stock
Mortgage bonds, income, series “B”
Tennessee Coal Iron <£ RR. Co —Stock
Pratt Coal A Iron Co., 1st mortgage,
Alice Furnace Co., 1st bonds
133
...
Jan.,
1888
Jan., 1888
April 1, 1928
Jan. 1, 1888
Oct, 1887
April 1, 1894
Oct. 1, 1896
Jan. 1. 1891
May 14, 1887
Nov.
1, 1903
April 1, 1902
Jan. 1, 1917
Jan. 1, 1917
6
3, 4,5
1%
4
Q.-F.
J.
A J.
1%
Q.-J.
7 g.
nr
M. A N.
.VI. A N.
\f. A S.
i
6
g.
1st coup, due July 1, ’87
1915
New York, Office.
Feb. 15. 1888
N. Y., Office. 65 B’way. Jan. 16,1888
New York, Office.
Jan. 16, 1888
N. Y., Union Trust Co.
May 1, 1902
N. Y., Treasurer’s Office
May 1, 1900
London. Morton. R. A Co March 1. 1900
The statement for the quarter ending Sept. 30,1887
(partivestimated),
mining (
interest | was as follows, compared with the actual figures for same quar. in L886:
paid, $121,534. Receipts in 1896-7 $260,553; expenses, $70,715; in- j
Quarter ending Dec. 31
—*
terest paid, $13,964. Suit for foreclosure is pen ting tlie total claim i
Actual, 1886.
Estimat'd, 1887.
with inter, st, being over $',000,000, but the managers obtained an j Net revenue
$j91,018
$1,500,000
offer to settle for about $1,000,000, and offered mortgage income bonds i
Deduct—
at 50 in payment for an assessment on the stock.
See references below. • Interest on bonds
$123,470
$122,650
—(V. 43, p. 191; V. 44, p. 91; V. 45, p. 84, 509, 696, 8 47.)
Sinking fund
2>,000
20,000
143.470
Tenn. Coal Iron &. UR. Co.—This company, organized in 1881 i
142,650
has acquired the properties ot the Sewanee Mining Co., the Southern
Net income
States Coal Iron & Land Co., m Tenn*, the Pratt Coal & Iron Co. in Ala¬
$Si7,5i8
$1,357,350
bama, and other valuable propertiedconsisting of blast furnaces, coal Less dividend (1% p. ct).....
1,077,343
mines, iron mines, foundries, Ac., and 1 irge tracts of coal ani iron lauds
in Tenn. and Alabama
See a full statement of the property in V. 44, p. Surplus for quarter
$8 47,5 13
$280,007
5,324.292
245. Of the Birmingham Division bonds $1,000,000 are reserved to Add surplus for Sept. 30
7,354,569
retire prior issues at maturity.
In December, 1^86, stockholders of
record on the 22d had the privilege oi subscribing for $1,000,000 Bir¬ Surplus for Dae. bl
$6,171,810
$7,634,576
Fscal year ends June 30; report for 18(36-87 was m V. 45, p. 508.
mingham Division bonds at par, ex the July, 1887, coupou, and with
a bonus of $3,000,000 in new stock, or 100 per cent on prior h ddings.
1884-85.
1885-86.
1886-87.
The prior bonds on the Tenn.. portion of the property are about all
Revenues for the year
refun led into the above new issue of Tenn. Div. bonds, due 1917.
$17,706,834 $16,298,639 $17,191,910
From Jan. 1 to June 30, 1887 (6 months), net earning were $322,v'OO.
Expenses—
(V. 43, p. 431, 459. 548 ; V. 44, p. 91, 245, 204, 235, 245, 401, 499, Operating and gen. expenses
$8,544,554
$8,510,658
$9,077,445
809; V. 45, p. 105, 273, 643.)
Rentals of leased lines.
1,822,543
1,892,347
1,899,954
Maintenance
&
reconstruction.
1,146,871
1,273,125
United
Lines
1,673.670
Telegrapli.—1This company was formed, in
Taxes
499,592
301,732
278,594
August. 1885, as successor to tne Bankers’ & Merchants’Tel., sold in
foreclosure July 31, 1885, subject to prior mort. of about $300,000. See Equipment of offices and wires,
190,210
203,061
224,965
account of sale and list of property sold in Chronicle, V. 41, p. 122.
In
$12,005,910 $12,378,783 $13,154,628
Nov., 1886, C. P. Farrell of N. Y. was appointed receiver of the B. & M.
property in Penn., and afterward appointed lor N. J. and Conn.
$5,700,925
$3,919,856 $4,037,282
The Bankers' A Merchants’ was sold in foreclosure July 31, 1885
Disbursements—
(see V. 41, p. 122), and the plan of reorganization embraced the For dividends
$4,999,325
$3,399,573
$811,864
following points: The formation of a successor company with a capi¬ Fcr interest on bonds.
495,072
494.461
493,074
tal stock of not more than $3,000,000. First mortgage by the new
For sinking funds....
39,992
39,991
39,991
company on all of the property under which not more than $1,200,000 of bonds are to he issued, with interest thereon at 6 per cent.
$5,534,389
$3,934,025
$1,344,929
Second mortgage by the new company on all of the property under
Balance of profits
which not more than $3,600,000 of bonds are to he issued; the interest
$166,536 def $14,169
$2,6 92,353
on these second mortgage bonds, however, did not begin to run until
$1,324,004
Surplus July 1 (begin’gof yr.).. $4,157,469
$4,309,835
the 1st of January, 1887, and then for the first two years ouly at 3 per
Balance of profits for year
def. 14,169
166,535
2,692,353
cent, for the next two years at 4 per cent, and thereafter at 5 per ceut.
The general mortgage bonds outstanding were to receive a new $500
Total nominal surplus June
bond for each $1,000 bond, being scaled one-half. The stock to receive
30 (end of year)
$4,324,004
one new share in exchange for four old shares.
$4,309,835
$7,002,188
(See Investors’ Sup¬
plement of Dec., 1886, and prior issues, for further information )
Sinking funds June 30, 1887, contained $364,893.
Everything lias been held i/i check by litigation, and the lines have
The range in prices of stocks for a series of years has been: In 1831
been operated under contract by the Postal Telegraph Co.—(V. 43, p. 66,
77®94; in 1882, 761s®9338; in 1833. 71% #88%; in 18s4. 49®781e;
164, 264, 387, 488, 546. bOS, 693.)
in 1885, 53H)®813s; in 1886, 60*82>a0%; in 1887, 67% a817e; in 1888,
United States Express.—Iu Sept., 1837, the stock was increased to Jan. 20, inch, 77 «r79%.
$3,0oo,000, raising it to $1*’,< 00,000, and the B. & O. Express was pur¬
The following statement shows the mileage of lines and wires, number
chased. (See V. 45, p. 30 j, 311, 433 )
of offices, and traffic of the company, for each year from June 30, 1866.
to June 30, 1887;
Wells, Fargo Express.—No annual reports; rio information.
Western Union Telegraph.—On the practical consolidation with
Miles of Miles of No. of
the Atlantic A Pacific in 1878 the Western Union had a monopoly of tele¬
Year. Poles A Cbl's. Wire. Offices.
Messages.
Receipts.
Profits.
graphing business in the United States. In 1879 the American Union
75,686 2,250
37,380
$
opposition liue was started under the auspices of Mr. Jay Gould. The 1866-67..
46,270
85,291 2.565
5,879,282
6,568,925 2.624.919
Western Umon Co. divided up its surplus stock, making a scrip dividend
1867-68..
50,183
97,594 3,219
6,404,595
7,004,560 2,641,710
of 17 ner cent to stockholders of record June 20, 1879.
On Jan. 19,
1868-69..
7,934,933
52,099 104,584 3,607
7,316,918 2,748,801
1881, was dated the grand consolidation, in which the Western Union 1869-70.,
54,109 112,191 3,972
9,157,646
7,138,737 2,227,965
raised its stock to $80,000,000, giving par. or $15,000,000. for the stock
1870-71..
56,032 121,151 4,606 10,646,077
7,637,448 2,532,661
and bonds of the American Union; 60 per cent for old Atlantic A Pacific
1871-72..
62,033 137,190 5,237 12,444,499
8,457,095 2,790,232
stock was given in new Western Union; and a stock distribution of 38
1872-73..
65,757 154,472 5,740 14,456,832
9,333,018 2,757,962
per cent to Western Union shareholders/ An injunction was obtained 1873-74..
71,585 175,735 6,188 16,329,256
9,262,653 2.506.920
against the stock distribution and litigation ensued, and the stock div’d 1874-75..
72,833 179,496 6.565 17,153,710
9,564,574 3,229,157
was finally held to be legal by the N. Y. Court of Appeals in Oct, 1883.
1875-76..
73,532 183,832 7,072 18,729,567 10,034,983 3,399,509
The Mutual Union Telegraph made an opposition line, but in February,
1876-77..
76,955 194,323 7,500 21,158,941
9,812,352 3,140,127
1883, a lease was agreed upon. The Western Union also leases the Amer¬ 1877-78..
81,002 206,202 8,014 23,918,894
9,861,355 3,551,542
ican Cable, with a guarantee of 5 per ceut per auuum on its stock of
1879-79.. 82.987 211,566 8,534 25,070,106 10,960.640 4,800,440
$14,000,000.
85 045 233,534 9,077 29.215.509 12,782,894 5,833,937
1879-83..
In March, 1386, the company decided to pay the April dividend of 1%
1880-81.. 110,340 32 i ,171 i'V737 32,509,000 14.393,543 5,908,279
per cent in scrip, as per statement in V. 42, p 339, and in March, 1887,
1881-82..131.060
374,368 12,068
i”,l 14,165 7,118,070
voted to issue $1,200,000 stock to take up this scrip, and new bonds
144,294 432,726 12,917 41,181,177 19,404, J Vi 7,660,350
to retire the stocks of several of the leased lines having guar, rentals.
145,037 450.571 13.76 L 42.076,226 19,632,939 6.610,435
In October, 18»7, the Baltimore A Ohio Telegraph Co. was purchased
1*84-85.. 147,500 462,283 14,184 42,096,583 17,706,833 5,700,924
by the W. U. ($3,875,000 of its stock) for 50,000 shares of W. U. stock 1890-86 .101,832 4-9,607 15,142 4 3,289,807 16 29S.633
3,919,855
and $80,000 per annum as rental for 50 years. The mileage of wire
1986-87.. 156,814 524,64 L 15,658 47,394,530 17,191,910 4,037 281
transferred by B. A O. to W. U. Tel. Co. was as follows: Owned, 52,603
C9,
miles; leased. 1,504, controlled, 4,480. Number of offioes taken over -(V. 43, p. 309, 458, 719; V. 44, p. 344, 495, 553, 752; V, |5, p,
473, 508, 509, 643, 811.;
about l,0o0, 250 of which are not duplicated by the W. U.
Sntro Tunnel.—Tunnel on Comstock Lode for facilitating
Receipts in 1895-0 $204,819; expenses, $93,418 ;
operations.
—
..
.
I
126
BANK, GAS, INSURANCE AND CITY RAILROAD STOCKS.
*
STOCK
BANK
Capital.
Companies.
Par Amount,
$
America*... 100 3,000,000
Am. Exch.
100 5,000,000
Bk.ofDep’sit 100 300,000
100
Bowery".
250,000
Broadway.. 25 1,000,000
Butch's’ADr 25
300,000
Central
100 2,000,000
Chase
100
500,000
Chatham.... 25
450,000
Chemical... 100
300,000
Citizens’.... 25
600,000
Citv
1001,000,000
200.000
Onfnmhla*
Commerce.. io6!5,ooo!ooo
.
..
300,000
Cnrmnereifi.1.
Dividends.
Surplus
at latest
dates.t
$
1,753,200
1,394.300
6,700
351,300
1,530,600
8
7
Jan.. *88. 4
10
20
8
7
6
14
5.337,900 Bi-m’ly. 100
7
367,800 J. A J.
2,128,800 M. A N. 15
12
16
8
8
6
12
100
7
15
Jan., ’88. 6
Jan., ’88- 8
Jan., '88. 4
Jan., ’£8. 4
J. & J.
J. A J.
288,500 J. & J.
509,700 J. & J.
443,800 J. A J.
487.200 Q,-J.
30,500
3,187,700 j. &
j.
1,500,000 3,504,400 J. & J.
244,900 J. & J.
500,000
600,000
497,700 J. & J.
1,200
100,000
100,000
100
50
Leather M fr. 100
Lenox Hill*.
Nov., 87. 3i*
Jan. ’88.
Nov.,’87.
8
8
Jan.,’88.
6b
10
8
8
6
Jan.,’68.
,8
Jan.,’88.
6
Jan., ’88.
3
5
4
3
4
4
4
3
40
8
7
10
6
9
6
7
6
3
9
6
7
..
14
8
10
14
8
10
6
3
7
8
8
Jan.. ’86.10
8
7
10
.....
7
8
8
8
6
7
6
Jan., ’88. 4
Nov.,’87. 3^2
Oct., ’67. 5
Feb., ’88
Aug.,’87.
Nov.,’87.
Longlsl.(t) .t
Nov.,’87.
Jan, ’88. 3b
Jan., ’88.
Jan., ’c8.
Jan., ’88.
7
4
5
Jan.,’87.
3
Aug.,’87. 3b}
Jan.,’88.14
Jan., ’88.
4
6
Jan.. ’88. 3
8
Jan., ’88. 4
Jan., ’88. 3
Jan., ’88. 4
Nov.,’87. 4
6
16
8
6
16
10
10
8
6
7
Jan., ’88. 5
6
8
10
8
8
10
6
Jan.. ’88.
8
6
8
4
Jan., ’88.
Aug., ’87. 3
Jan., *88. 312
Jam, ‘88.
Jan., ’88.
Feb.,’88.
Jan.,’88.
Jan., ’88.
Jan., *88.
5
Ocr.,’87.
6*2 Jan., ’88.
10
8
8
10
6
7
6
6
5
6
8
8
6
5
6
10
8
8
8
n
6
Tail
6
6
Jan., ’88.
8
8
3
4
,
Jan.. ’88. 4
Jail., ’88. 4
Nov.,’87. 4
2
’88
3
2
Jan., ’88. 5
The following is a list of the stocks and bonds of gas companies in
York and Brooklyn, with details of interest, dividends, Ac.
Quotations for those will be found in the Commercial
Chronicle each week.
and Financial
Amount.
Period.
•
Bonds
Metropolitan (Brooklyn)
Municipal Bonds
Fulton Municipal
Bonds
Equitable
Bonds
.*
400,000
200,010
150,000
210,000
150,000
300,000
200,000
200,000
200,000
200,000
200,000
150,000
1,000,000
200,000
200,000
200,000
250,000
300,000
250,000
{
25 2,000,000 Various
20 1,200,000 Various
1,000 250,000 A. A O.
100 35430000 J. A D.
20
756,000 Quar.
1,000 700,000 F. A A.
100 3,500,000
1,000 l,50o,000 M. A N.
25 1,000,000 Various
Var’s.
700,000 M. A N.
10 1,000,000 Qnar.
1,000
400,000 M. A N.
Var’s.
100,000 A. A 0.
50 1,060,000 Quar.
1,000 1,000.000 A. A O.
100 1,000,000 J. A J.
1,CV0 750.000 M. A N.
100 3,000,000
306,000 J. A J.
’
"Too 2,000,000
F.’A
03
Date.
«
:
1.000 l.» 00.000
S
A.!
3b 'Nov. 1, ’87
2 b Jan., 1888
5
2
^Dec.i.5,’87
2bs Oct. 1, ’87
3
o
1902
Ton
1 A
*QQ
1902
lb Jan.. 1888
2bi Nov. 1. ’87
lb* Dec. 15,’87
5!
1908
3
Apr. 1. ’87
2
Jan. 19/88
3
1899
3
Jan. 1, ’88
3b
1899
2b Jan 15/88
6
189o
Vnv 1 #87
2
6
1900
a
81,393
277,382
184,0b5
94,004
64,755
47,402
187,338
21,307
78,376
180,326
66,263
327,913
10
•mm*
7
14
10
10
10
200,000
25,716 6
200,000
119,483 10
150,000
540,903 10
1,000,000
3,000,000 1,413,795 10
204,000
1,000,000
1,000,000
200,000
Over all liabilities,
none.
10
20
6
8
10
6
6
9
10
8
12
90,677
489,340 10
6
78,846
362,920 12
41,150 10
62,617 10
214,760
12
10
167,242 10
145,257 7
107,671 9
260.293 10
........
310,510 ,10
563.246 20
-.
8
15
10
10
10
6
10
10
10
3
10
20
6
8
7
8
6
7
10
7
20
10
10
10
3
10
10
10
3
10
20
6
8
8
4
3
6
10
8
8
11
8
10
8
12
12
8
10
8
12
10
10
12
10
10
7
10
10
10
20
8b
10
12
10
10
7
8
11
10
20
Jan.,’88. 5
Jan.,’88. 6
Jan., ’88. 3
Jan.,’88.10
Jan.,’88. 5
Jan.,’88. 5
Jan.,’88. 5
Jan., ’87. 3
Jar.,’88. 5
Jan.,’88. 5
Jan.,’88. 5
Jan., ’87. 3
Sept./87. 5
Jan.,’88.10
July,’87. 3
Jan.,’88. 4
Jan.,’88. 3
Jan.,’88. 2
Jan.,’87. 3
Jan., ’88. 3
Jan.,’88. 5
Jan.,’88. 4
Jan.,’88. 5
Aug./87. 4
Jan.,’88. 5
Oct., ’87. 4
Jan.,’88. 6
July,’87.
Jan.,’88.
Jan.,’88.
July,’87.
3b
5
6
5
Jail.,’88. 5
Jan.,’88, 3b
Jan.,’88. 3
Jan.,’88. 5
Aug./87. 5
Jan.,’88.10
CITY
including re-insurance, capital and scrip,
(t) Brooklyn.
scrip.
HORSE
RAILROAD
STOCKS AND BONDS.
Dividends and interest.
Railroads.
Par.
Atlantic Avenue (Brooklyn):.
Bonds
Bleecker St. A Fult. F.—Stock.
1st mortgage
Broadway A 7th Avo.—Stock.
1st mortgage
2d mortgage
Broadway (Brooklyn)
1st mortgage
Brooklyn City—Stock
1 st mortgage
Brooklyn City A Newtown
1st mortgage
i.
Brooklyn Crosstown—Stock...
1st mortgage bonds
Bushwick Av. (Brooklyn)—Stk
1st mortgage—
Central Crosstown—Stock
1st
mortgage
Cent. Park N. A E. Riv.—Stock
Consol, mortgage bonds
Christopher & :0th St.—Stock.
Bonds
Dividends and interest.
Par.
29,632
65,736
2,344,273
638,083
122,073
465,811
2d mortgage
Jan., ’88.
To
10
116,338 LO
...
io
Jan.,’88. 5
Jan.,’88. 6
Aug. ’87. 6
15
15
Jan.,’88. 7b
6*50 6-50 6b Jan.,’88. 3b
8
8
9
Aug.,’87. 4
2
Jan.,’87. 2
15-40 15*40 (15-40 Jan.,’88,5-95
15
15
15
Oct.,’87. 7b
6
6
7
Jan.,’88. 3b
7
7
7
Aug./87. 3b
Amount.
Period.
312
.T:m.; *6S. 5
8
200,000
200,010
200,000
200,000
.
t Surplus includes
5
3
3
New
Bonds, 6 per cent
..
210,000
500,000
1,000,000
300,000
10
12
12
15
12
12
4
LOCAL GAS COMPANIES’ STOCKS AND BONDS-
Williamsburgh
N.Y. Eq’table 35
N.Y. Fire.... 100
50
Niagara
North River. 25
25
Pacific
Park
100
50
People’s
Peter Cooper 20
Phenix(j).... 50
25
Rutgers’
50
Standard
Stuyvesant.. 25
Unit’d States 25
10
Westchester.
W’msbg C.(t) 50
300,000
5
2
Jan., ’88. 3
Jan., *88. 3
Jan ’88. 3
*
..
200,000
153,000
10
LO
12
13
c
•These are not National banks.
t December 7, 1887, for National
banks and December 17, 1887, for State oanks.
Scrip
People’s (Brooklyn)
Bonds, 7 per cent
..
•
8
6
7
...
Bonds
Nassau (Brooklyn)
Kings Co.(J)
Lafayette (J)
....
Jersey City A Hoboken
Metropolitan Bonds
Mutual (N. Y.)
.
Knick’bock’r
3
3
4
3
9b Jan., ’88. 5
6
Jan., ’88. 3
7
Jan., ’88. 3b}
7*2
.
Bonds
Consolidated Gas
200,000
210,000
200,000
500,000
350,000
200,000
Fire Ass’n...
Firemen’s...
German Am.
Germania...
Globe
Greenwich
Guardian....
Hamilton
Hanover
Home
Howard
Jefferson. ..1
....
40
....
Brooklyn Gas-Liglit
Citizens’ Gas-Light (Brooklyn)
200,000
37b
Exchange...
..
....
Gas Companies.
50
National..
Eagle
Empire City.
Farragut....
49,700
az /, 4W
lOO
Lincoln
oOO.OOO
Madis’n 8q.* 100
10,800 j. A J.
200,000
Manhattan * 50 2,050,000 1,090,700 F. & A.
Market
100
500,000 459,000 J. A J.
Mechanics’. 25 2,000,000 1,478,400 J. A J.
Mech. & Tr* 25
131,700 J. A J.
200,000
Mercantile.. 100 1,000,000
560,200 J. A J.
Merchants’. 50 2,000,000
766,700 J. A J.
50
Merch. Ex..
134,400 J. A J.
600,000
380.100 J. A J.
300,000
Metropolis *. 100
Mt. Morris*. 100
156,200 J. A J.
100,000
234,800 Q.-J.
Murr’y Hill* 50 100,000
100
Nassau*
148,700 M. A N.
500,000
N. Amst’m*.
250,000
1,800
New Yora.. 100 2,000,000 1,529,100 J. A J.
N. Y. County 100
49,400 J. A J.
200,000
N. Y. N. Ex. 100
110,400 F. A A.
300,000
Ninth
100
750,000
260,500 J. A J.
Ninth Ave *.
100,000
Nme’thW’d*
7,200
loojooo
N. America" 70
325,200 J. A J.
700,000
101.700 J. & J.
North Riv’r* 30
240,000
Oriental*... 25
300,000 331,100 J. A J.
Paeitio*
50
422,700
282,700 Q.-F
Park
100 2,000,000 1,738,200 J. A J.
200,000
185,300'J. iV J.
People’s*... 25
20 '1,000,000
Phenix
260.8001J. A J
Prod. Exch.* 100 1,000,000
124,000 A. <& O.
Republic.... 100 1.500,000 737,500 J. A J.
River Side*.
2,s00
100,000
St. Nicholas* 100
500^000 223.900 J. A j.
100
Seaboard..
133,700 J. A J.
500,000
Seventh W’d 100
85,500 J. A J.
300,000
100
Second
300,000
166,600 J. A J.
Shoe A L’thr 100
237,500 J. A J.
500,000
100
Blxth
64,ioo;j. & J.
200,000
State of N.Y* 100 1,200,000
442,600IM. & N.
Third
227.100 J
A J
L,000,000
Tradesmen’s 40 L,000,000
233,300 j! a j.‘
Twelf.Ward*
100,000
24,600
Union*
•250,000
Too 500,000 485,200 Q—J.
U. States
Western
3,500,000
84,300
West Side*.. Too '200,000
176.300 j. A J.
Nassau(f)....
Comm’nw’th
Continental t
300,000
Last Paid,
1885. 1886. 1887.
$
701,272
278,683
340,583
256,686
329,190
174,118
21,219
1,374,856
660,579
87,200
113,924
400,000
Man.A Build.
Mercantile
Merchants’..
t
...
City....
Jan., ’88.
Jan., ’88.
Feb., ’8 8. 5
7
10
8
Bowery
Broadway...
Brooklyn (J).
Jan. 1,
1888.*
Amount.
50
25
25
17
20
70
100
100
40
100
30
50
100
17
100
50
50
25
100
15
50
100
40
30
20
30
50
50
100
50
50
American!...
Citizens’
Jan., ’68. 3
Jail., ’88.25
Jan., ’88 3*2
42,900
Imp. A Trad.
Irving
....
Par.
8
7
J. & J.
M. A N.
100 i,ooo!ooo
296,800 j. A j.
100 1,000,000 1,083,300 F. A A.
25
143,400 J. & J.
250,000
1*8,700 J. A J.
25
100,000
100
211,100 J. & J.
150,000
100
644,800
100,000
100
500,000 5,384,800 Q—J.
100 3,200^00 1,295,400 J. & J.
30
233,200 M. A N.
300,000
50 1,000,000 1,205,300 A. & O.
50
200,000
179,600
75
198,400 F. & A.
750,000
100
200,000
337,300
321.500 M. & N.
100
200,000
25
75,200 M. & N.
200,000
100 1,000,000
892,400 J. & J.
....
Late st
Dividends.
Surplus,
Companies.
Period. 1886. 1887.
LIST.
STOCK
Net
Capital.
-
Continental.
Corn Exch.*.
East River
11th Ward*.
Fifth
Fifth Ave*..
First
Fourth
Fulton
Gallatin
Garfield
Germ’nAm.*
Gerin’n Ex.*
Germania*..
Greenwich*.
Hanover....
Home*
.
INSURANCE
LIST.
[Vol. xlvi.
Coney Island A Brooklyn
50
1,000
100
1,000
100
1,000
1,000
100
1,000
1,000
10
•
.
♦
100.000
400,000 J. A J.
100
500,000 Q.-F.
400,000 J. A J.
1,000
100
1,000
100
1,000
100
1,000
100
1,000
Consolidated
1,000
Tills column shows last dividend
*
2
Jan.,*1888
5-7 1885 A ’94
....
1,000
100
1,000
Date.
* Jan., 1833
900,000 J. A J.
700,000 J. A J. 7
July, 1900
2,100,000 ' Q.-J. 3
Jan., 1886June, 1904
1,500,000 J. A D. 5
1914
500,000 J. A J. 5
3
525,000
Feb., 1888
1889
7
250,000 Q.-J.
100
1,000
3d mortgage
f bond*.
500,000
3,200,000 Q.-F.
800,000 J7 A J.
1,000,000
400,000
200,000 A. A 6.
D. D. E. B. A Battery—Stock..
100
500 Ac
1st mortgage, consol....
100
Scrip
100
Eighth Avenue—Stock
100
Scrip
42d A Grand St. Ferry—Stock.
100
1st mortgage
i,ouo
100
Grand St. A Newtown (Bk’lyn)
1st mortgage
1,000
100
Houst. W. St. & Pav. F’y—Stk.
500
1st mortgage
100
Ninth Avenue
100
Second Avenue—Stock
1st mortgage
1,000
..
Consol
1,000
100
Sixtli Avenue—Stock
1st mortgage
1,000
100
Third Avenue—Stock
Bonds
1,000
100
Twenty-Third Street—Stock...
1st mortgage
1,000
*
$700,000 Q’rt’rly.
Rate.
6
2
5
lb
7
4
7
2
6
600,000 Q.-J.
i*b
250,000 M. A N. 6
lb
1,800,000 Q.-J.
1,200,000 J. A D. 7
650,000 Q.-F. 1^
160,000 A. A 0. 7
3
500,000
75,000 J. A T. 7
125,000 J. A J. 5
-».
.
....
1,200,000 Q.-F. 2
900,000 J. A D. 7
1,200,000
i,oco.oo<
F. A A.
1889
Feb., 1888
Jan., 1902
6
1890
Oct., 1887
1888
Feb., 1888
1902
Jan., 1888
Nov., 1922
Apr., 1887
Dec.
1902
Feb., 1888
1898
Aug., 1884
1887
1903
Feb., 1888
June,1893
Feb., 1914
Q—J. lb Jam! 1888
1914
1,1*90.000 F. A A. 6
748,000 Q.-F. 2b Feb., 1888
236,000 A. A O. 7
Apr., 1893
2b Jan., 1886
170,000
175,000 F, A A. 7
1896
250,000 Q.-F. 2
Feb., 1886
500,000 J. A J. 7
July, 1894
....
800,000
...
2
1,862,000 J. A J. 5
400,000 M. A N. 5
Nov., 1887
Jan.,' 1887'
Nov.. 1909
l,05 0,000 >L A N. 7
1,500,000 Q.-F. 2
May, 1888
Feb., 1888
500.000 J. A J. 7
July, 1890
2,000,000 Q.-F. 3
Nov., 1887
2,000.000 J. A J. 7
Jan., 1890
600,000 F. A A 2b Feb., 1888
250,000 M. A N. 7
May, 1893
on
stock*, and date of maturity
V~
65888811
73588888111
574334888 111
MONTHLY
85674335688 111
84,595
88,313
104.791
(296 m.).
(296 in.).
(296 m.).
(296 m.).
Atchison Topeka A Santa Fe1833
<2,219 ra.).
...(2,259 to 2,340 m ).
(2,375 to 2,396 m.).
(2.404 to 2,437 m.R
(2.445 to 2,942 m.).
Burlington Cedar Rap. A No.—
(690 to 713 m.).
(713 to 889 m.).
3635674888111
April.
94.153
127.791
1,065.794
1,172,348
1,1 L5.898
862,203
1,312,592
PRINCIPAL
OF
May.
104.428
12*-,017
137,863
153,792
1,033,534 1,415,514 1.278,154 1,314,913 1.261,085 1,325 710
1,167,020 1,404,056 1,300.000 1,843,302 1,254,029 1,301.039
1,064,748 1,346,135 1,297,825 1,184,030 1,218.772 1,181,784
1.057,407 1,309,352 1,201.479 1,198.173 1,252.754 1,303.110
1,236,463 1,762.628 1,084,358.1,553,719 1,841,870 1,534,902
1.452.908
1,391,319
1.243.909
1,341,951
1,501,37-’
98,450
96,390
97.303
124,503
119,213
82,831
88,872
110,954
S9.276
98,839
252,913
218,252
217,570
72.225
78.275
8*.345
114,789
117,663
195.989
232.522
195,970
224,381
209,735
202,163
210,590
225,024
240,435
237,<534
102,282
109,751
80.739
97,459,
93,014
107,874
97,212
85,079
129,005
99,950
99,9
117,022
331,173
287,49?
247,112
307a 93
301,925
323,845
335,20*
50,029
57,646
49,929
63,128
84,704
50,022
58,056
03,435
52,701
07,411
93,741
58,050
95.S-40
90,980
216,616
200,41230,451
218,121
217,140
223,719
177,563
220,208
(276 to 401 m.).
82,593
113,702
86,247
80,337
99,154
85.99
114,720
127,397
100,480
122,700
92,152
82.9 -7
102.367
111.0i8
95,*>03
115,120
121,*98
as.777
108,49:5
109,446
97,28t)
133,345
89,821
94,013
272,369
241.943
280,375
“Central Iowa(490 ra.).
(512 m.).
(512 m.).
1887*
Chesapeake As Ohio-
(502 m.).
251,970
280,621
292,'<10
261,169
273.241
<502 m.).
316,592
295,500
337,795
313,542
268,775
338,154
355,490
55,498
53,045
45,949
57,519
(502 m.).
(502 m ).
<502 m.).
1886
Elizabeth. Lex. A Ilia: Sandy—^
(139 raj.
47,893
47,388
55,641
59,278
76,651
(139 m.).,
(139 ra.).
(139 m )..
(139 m.)
1887.
115.015
253,446
266,072
218,094
48,682
53,307
74,284
81,038
63,631
68,420
245.457
209,Is 0
235.210
298,630
300.211
290,u02
317, l *’2
344,766
68,01!
208,672
221,573
239,385
214,355
210,783
<938 to 990 m.).
217.349
79.749
47.540
56,408
55,*>8s
05,74:
78,534
j
257,202
249,522
322.799
385,832
(3,646 to 4.036 ra.). 1.380,963 1,830,275
(4,036 to 4,69 ) ra.).. L,985,385 1,847,235
Chicago As Eastern Illinois-
(240 to 251 ra.)
(251 in.)..
(251 m.)..
(247 ra.)..
.
1886*
1887*
(247 ra.)..
41
200,357
201,10
299,973
297,853
269,002
307,640
808.200
231,413
349.503
310,204
319,608
313,000
29 >,070
201,207
28*,415
206.009
3-91,779
305,875
2,840.771
2.790,459
3.09? 514
2,933 3C9
3,005,902
1.392,587
1,448,258
274.132
299,589
152.599
154,301
157,678
122.190
147,943|
123,949
117,441
118,297
127.497
123,*45
126.737
134,518
1,352,532
320,938
348.107
290,198
270,181
307,430
372,')31
410,328 *413,272
276,079
200,214
405,50m
3*9,081
74.856
410.900
415,359
303,103
30 m, 09
3 *>8,<‘9
75,831
83,172
02,9 <2
70,934
70,095
70.252
60,574!
70,982
90,074
72,519
95,802
109,70-
91,028
16',050
9:14,945
9i*l,904
58,05:
71,22-*
60,2ft
89 85s
1.103,586
8.810,010
8,709,275
7.093,170
8,000,642
903,372
753.857
733,038
758,417
2,562,773
1-4,339
200,33“
155,960
141,108
126,510
115,143
155,4 40
167,5uS
114,05
141,249
-,209
10
175,9011
163,714
171,6^91
181,848
2,033,514 2,023.181 1,829,2*5 1,851,209 2,220.68412.53 L, 12,0;
1,935.70“ ,919,902 1,949,545 1,825,340 2,201,241 2,539,790
1,875,23: 1.865.4 *9 l.803,97C 1,700.91112,27 <,278 2,892,474 I
1,707,069 2.064.222 2,038.727 1.971,599.2,557.971 2,798,077!
1,300,90j 2,12 H)0 1,0*0,435 2,007,897 2,359.02 < 2,8 -0,089
2,233.891
2.31 *,05 <
149,9* )8
101,011
2,387,602
2,308,877
2,618,420
2.469,313
2,040,21*
I
I
1
2.095,292 1,754,379 2.157.206 2,213,021 2.160,831 2,403.459 2,647,968 2,793,991 2,368,512
1,766.940 1,822,105 2,070 829 l 99-5,275 1,970,177 2.027,942 2,340.914 2,523,813 1,990,509
18S5
(3,843 iu.).. 1,512,680 1.479,803 1,980,542 1,770,029 1,932.756 1,99 7,1)79 2.036,003 1,922,235 2,552.321 2.878,409 2,259,541
(3.891 to 4,037 ra.).. 1,328,107 1,078,5u0 1,980.025 1,720,017 1,947,9J2 2.110,440 3,lD',t93 2,310,470 2,740,150 2,010,90»< 2.303,009
(4,037 to 4.191 in.).. 1,723,173 1,634,180 2,334,783 1,839,434 2,102,149 2,106.217 -',249,484 2,009,794 2.853,012 2,78 >,210 2.030,19)
“Chic. St. Paul Minn. A Omaha—
533.185
..(1,150 to 1,280 in.).
308,465 283,601 438,521 429,339 449,584 442.0 78 444.333 495,020 533 492 673,800
510,959
(1,307 to 1.318 ra.)..
350,283 331,453 403,952 567,938 513,349 430,514 406,760 409,130 527,801 042,400
(1,318 to 1,325 in.)..
(1,339 in.)..
(1,365 to 1.393 in.)..
331,452
339.521
371.701
307,043
395.600
309,268
458,824
520.053
530,15
Cin. Iud. St. Louis Ac Chicago—
1883.
1884
1885
18S0
1887
(342 m.)..
191,782
(342 111.)..
(342 in.)..
170,318
203,444
195,995
216,164
Cincinna ti N. O. As Texas Pac.—
(336 ra.)..
(336 m.)..
(336 in.)
(336 m.)..
(336 in.).
.
Clev. Col. Cin. As Ind.—
(391
m
).
(391 rn.)
(391 m.)..
(391 in.)
(391 ru.)..
.
.
Denver A Rio Grande1883
(1,315 to
1884a
18850
1886(7
1.679 in.).
(1.317 m.).
(1,317 in.)..
(1,317 ru.).
1837.
(1,317 to 1,461.in.).
C ist Tcnn. Va. As Ga.—
(902 to 1,098 rn.).
1884
(1,098 m.)..
1885.
(1,098 m.)
(1,093 m.)..
(1,098 in.)..
1.85,720
188,230
201,647
199,715
265,194
311.5.83
277,759
287.001
2
317.98*
427,885
324,032
422,487
(402 ra.)..
Indiana Bloom. As Western —
1883*
(084 m.L.
1884*/
1885*/
(532 m.)..
(532 ra.).
1886*7
(532 in.)..
1887*/
(532
Louisville As Nashville(2,023 to 2,065
(2.065
(2,065 to2,0 3
(2,023
(2.023 to 1,973
As
CharlestonMemphis
(330
(33 )
(3:10
..
1887
*
c
m.)..
ra.)..
(330 in.)..
( >30 ru.)..
237,453
200,820
220,358
241,139
212,0*1
220,70 i
23-$,4)l
200,3.06
223,929
280,185
232,007
259,751
209,153
278,091
204,11.4
257,205
281,583
331,298
302,200!
590,531
480, lol
449,059
4.84,054
626.018
078.781
494.230 /l520,477
525.34 405,326
510,003
555,380
505.744
611,241
077,241
073,170
272,322
291,519
270,098
277,376
362,700
233,157
295,401
27-1,87 L
304,897
307,810
274,470
320,398
415,370
311,784
270,037
400,900
339.151
331,109
324,400
344,023
414,482
20 <.917
2
201.032!
300.324!
330,013
284.152
3
<3,506
j
70,45*’
359,273
300,049
294,4o0
335,741
374,440
301,870
309,078
287,-34
340,131
3*5,291
709,825
4:13,119
551.003
010.08
298.824
3 <1.046
424,215
250.1)6)
447.04344,402
341,101
400,538
437,191
65)9,003
470,850
652,731
014,039
731,035
302,504
312,733
32m,2 49
304,811
441,798
140,040
132,985
164.005;
107,027
184,099
1,700,550!
2,191,502 27, 140,724
444. DO
442,937
5,515,285
5,781.932
465,811
5.814,810
503,499
0,153,200
000,9. >5
618,411
702.139
099,804
0 >2,050
588,58?
030,132
770,070
718,933
249,800
250,988
219,250
249,507
241,145
220,200
211,264
177,3$)5
2,482,824
196.313
2 373,407
245,523
24 7,953
208,429
203.093
205,700
240,977
255.208
2)2,173
220,182
230,8-9
2,692,070
239,787
242,797
260.333
212,381
257,103
289,920
328,542
234,425
231.130
252,07 1
272,5*4
324,110
234,087
2,596,195
2,058,185
2.081,547
298,097
3,377,551
391,980
372,907
302,084
408,0*3
454,238
374,645
320,801
329,395
374,124
421,437
337.842
*381,2)3
4.342,003
3,811,743
3,009,439
4,184,118
4,580,969
035,858
557,939
241.235
250,3 O'
309,917
424,71$.
339,927
300.209
442.956
459.139
t
720,4451
006,609
521.957
568,004
046,031
7j3,551
567.285
.
309.311
379,424
394,380
203,805
204.863
174 328
172,199
155,607
108,925
107,754
206.322
179,343
101,100
184,427
172,0 .3
151,703
190,070
109,7’3
220,149
225,700
179,7:10
222,434
210.443
179,155
221,409
144,067
163.452
184,950
212,507
123.50 4
12-1.432
131.052
150.903
325,125
345,088
382.458
421,359
7,301,540
5,552,104
50 4.179
0.1 19,054
79 7,50
750,428
0 <5.215
6,738.078
♦709,3911 7,978,587
455,593
412,289
411,380
409,065
380,180
400,781
374,945 ' 4,144,275
370,8031 3,993,022
408,554 4,120,430
456,01
421,372
515,021
257,779
188,007
180, *00
186,394
219,497
234,617
158,015
177,09*
177,810
215, olo
241,771
211,001
304,773
226.715
420.019!
*493,010
151,730
133,037
*29 -,03 i
189,031
139,4:10
116,103
120.4 20
153,101 *101,358 *19 L.933 *178,703 *210,092 *261,09)
175,220 209,037 234,09* 2j9,045 37*,797
155,390
*3-7,2U0
200,732
*234.089
♦o50.27O
979,717
820,572
847,439
813.099
868,715
099,370
782,830
789,706
001,799
793, <01
748,803
708,809
822,385
774,140
882,930
762,403
727,059
915.957
931,933
844,009
974,800
772.792
704,233
723,007
845,530
881,300
920,622 1,045,902 1.183,468
837.443 910,005 1,078.544
934,229 1,112,719
810.S91
970.102 1,130.385
)-4'’.9IO
975,099 1,199,73 1,258,194
1,119,010
1,099,074
1,009.390
1.0 <8, 99
1,189,228
1.021,574
1,059,505
1, i26,4-$0
1,112,721
1,110,900
150,907
153,550
134,332
106.305
130,040
201.930
152,169
107,4)9
158,754
130,7.30
142,095
12-1,519
201,906
160,472
100,020
129,480
107,28*
120,<49
190,033
157,003
149,- 86 *150,4U0
210.842
125,778
134,191
133,291
154,678
127.71*
1.34.110
123,055
155.590
149,353
234,151
173,085
109,000
217,574
IMO.-lStl
1M0.9.14
93,0 <4
140.909
139,6.58
782,7491
820.810
959>48
833,500
956,897
121,942
131,512
103,003
120,824
131.612
204.934
112,159
154.082
157,774
144,197
8), 480
118,300
248,142
104,877
109,772
178,762
202,090
113,314
111,010
141,306
115.107
150.240
102,143
129,779
103,030
g
208,801
193,222
227,0'S
203,877
2 43,511
202,931
188,932
106,290
190,250
182,080
130,703
127.329
123,200
113,553
215,913
168,111
109,892
174,48.1
173,? 03
193,572
704.6 i<
793 075
877,015
173.671
107,544
197, -*».«
1,014,807 1,140.346
947,450 1,002,348 1,090,706
1.015.4L3 1,187,738 1,125,291 1,150,109 1,032,359
1,032.175 .28-),523 1,158,099 1.101.40) 1,03.1,57’
1,019,2 9$ 1.103 935 9-17,740 1,03..714 1,121,192
1,170.010 1,32.7,5 L9 1,17.,743 1,254.002 1,2.10,.*^9
■
103.000
112.831
101,147
100,231
101,820
1 '5 375
127.81*$
111.925
109,252
115,171
80,70 <
100,557
98,991
9 1.287
1 1 7.3-I3
253.303
3,403
270.941
224,500
227, L16
245,340
253,143
235,972
185.040
207,397
227,3 9
1,251,127 1.364,179
1,11 .,3-3 1,145,300
1,078,790 1.148,214
1,190.281 1,2 *3,9 -0
1,320,003 1,3-’9,00) 1,437,908
1,504,405
1.291,714
1,20.1,469
1,3?m,“*24
1,5 <8.700
1,307,394
1,199.59*$
1,129,8’<4
1,281,9*:
139,133
120,245
1 ’3,795
154.207
100,909
217.618
1 :3.188
107.005
218.2 40
2 3* ,2 sl
319,713
223.851
242,800
257.522
250,705
292,905
245,220
242,461
2
1,124,776
1,000,104
1,0)7.332
1,25 7.207
101.993
95,824
77.297
88,059
105,4 71
81.S10
95.40 5
119,375
120.0*0
1 IH.4 17
111 9 < t
1 'T.80 ’
n-.-M*
150 I
78.844
*
*159,903
2,774
78,534
1'7,705
81,7 21
8-1, 5 <
0,383
101.023
178.768
203,89 <
243,0*14
172,808
12
101,382
110,3*4
105.195
J*
184,867
lriO.050
111.*163
totals had been published.
h Including $136,000 traffic balances.
Not including Utah lines.
9
218,048
1,501,89“*
142.185
15> *.90)
175.40“
4,283,212
5.819,79 L
199,605 c2,542,943
171.844 2,252,988
177.591
1.946,790
19.1.509 2.100.773
205,309 2,503,077
132,203
120,285
85,130
160,007
166,843
105,271
211,103
2.88 >,172
7 3,260
555,212
504,481
23.).039
261.716
271.1<*5
2,4:44,780
2.001,563
462.459
572.983
H4*.9 >7
020,303
394.434
194,07
148,406
121,076
154.223
2,058,307
35, 024,003
1,951,740123, 491,898
150,186
124,959
85,70*
1:45,788
180,183
171.395
1.078942
1,782,200
1.971.397 24, 301,058
2.174.551! 25, 348.847
229,004
223,298
171,013
152,094
1,059,257
1,540,115
2,150,913 23, ,059,822
2,218,998 23, ,470.998
2.336,250 24 ,413.273
2. *50,241 24, ,7)8,404
2,517,000 25, 305,387
237,517
217,000
108,812
203,101
229,081
Approximate figures.
Embracing corrections found necessary after monthly
/ Not including fnd. Dec. Jfc Sprlugf.
214,384
2,308.431:20,728,403
2:43,366
218,759
158,108
201,677
233,446
ra.).. 1.050.680
ra.).. 1,227,769
ra.)..
217,726
2,170,918 26,110,368
2,000,299 25,4*3,012
2. .29.9.5 20.550,427
104,954
189,589
129,572
157,849
173,500
190,179
186,792
m.).. 1,118.735
m.).. 1,039.317
in.).. 1,170.719
m.)..
213.-131
373,364
310,147
290,145
314.322
312,52*2
320,392
311,894
341,330
396,283
193.007
240,517
244,117
200,84
23*1.482
340.085
603,370
323.241
261,5.5
177,08?
304,401
552,285
40D.341
4,903
545,0.0
40
190.123
592,3j9
199,929
192,438
179,276
187,247
105,034
261,751
347.58*)
395,308
427.747
173,034
1:38,414
92.297
1887*
302,995
250,' *15
499,0*7
240,523
430,302
)..
111. Cent,—Ill. Line A; So. Div.—
(1.498 to 1,526 in.)..
(1,526 to 1,666 ra.)..
(1,666 m.)..
(1,666 to 1.953 in.)..
(1,953 m.).
Lines in Iowa(402 ra.).
(402 in.).
1885
(402 in.)..
.*.(402 in.)..
315,789
208,208
221,03?
470,229
493,310
501,400
222,2 )2
548,580
3)40,873
491,403
497,183
m
1886
190,079
205,540
263,195
192,175
101,098
217,707
532,790
473.523
24.4,870
72,258
264,273
252,843
193,141
197,822
180,999
1)13,831
202.743
470,508
4.)6,2:i
55 J,001
2
227 475
164.371
200,29 <
47.0,152
458.925
173,110
210,820
194,008
154,127
457,535
Gulf Colorado A; Santa Fe—
(482 to 534
in.)..
ra.)..
in.)..
in.)..
234,712
463.702
143.850
(536
....(536to 590
(625 to 729
(835 to 1.012
228. '09
292.520
288.415
m.)..
m.)..
ra.)..
m.)..
201.150
221,186
85,733
314,286
Flint As Pere Marquette1883
(347 to361
1884
(361
1885
(361
(361
(361
1887*
ra.)..
220,484
141,250
122,636
172,544
199,108
190,071
401,892
479,187
510,060
706,407
937.529
762,627
'8V.833
178,737
200,452,
140,720
133881
713.103
749,220
092,7121
703,020
737,121
842,002
158,220
51,530
05,584
57,732
80.640
110,63:
809,0371
707,047,
*08,942,
151,871
4,090,0-48
801,187
185.400
15.8,001
150,514
140,730
10-1,190
184,041
340,181
112,035
145,0211
150,5771
120,093
128,392
314,195
3,900.793
3,538,005
3.801.235
♦412,123
2,250,340
2,382,9)5
123,577
1.307.372
1.323,025
901,019!
777,414
755,825
2*4.0.80
350.551
1,857,022!
1836
1887
15,984,307
.300,385
308,912
113,505
1.937,910 1,824.705 2,495.124 2,909,165 2,742,480
2,077,18^ 1.735,199 2,447,495 2,707,110.2,6*3,597!
1,992,485 1,812,834 2,224,304 2,049,035 2.858,258!
2.14,0.532 2.3 U>,741 2,748.17 2,724,58Si <1,770.77 4
.',140,83 > 2,107,601 2,382,103 2,4)4,924 2,774,922
110.812
1:34.285
15.571.398
315,300
144,1 43
1,972,271
1,948,6:40
1,927,204
1,763,39.)
1.979,001
15,909,440
76,291,888
138,592
112,309
2,043,730
1,788,720
2,081,071
2,031,014
2,212,687
’
1,312,739
1,235.082
1.253,374
1,524,929
375,815
123,379
168,074
1,536,274
1,461,922
1,003.413
1,719.855
1,657,078
365,474
139.533
Chicago Milwaukee A St. Paul.—
(4.520 to 4,760 m.). 1,359.199 1,257,046
(4.760 to 4,304 in.).. 1.467,097:1,317,064
(4,804 to 4,932 ra.). 1,517,39711,345,496
(4,932 to 5,2 »8 in.).. 1,445.174 1,583,901
1887*
(5,298 to 5,563 in.).. 1,490,234!t 1,52 4.972
Chicago Ctc Northwestern —
1883
(3,580 to 3,761 ra.)..
1,311,395
1884
(3,761 to 3.843 in.).. 1,502,418 1,504.100
1,742,6$)
1,076,075
1,637,348
1,674,100
112,869
111.048
143.023
129,523
153,c45
801,746
112.269
125,425
127.034
105,100 \
133,305
128,673
107,467
109,252
129,142
138.88
115.700
131.*781
1,071,829
1,165,102
1.070,180
1,215,196
1,575,816
131,513
149,950
142,044
124,254
121,3.0
731,503 800.550
000,87.“
646,730 067,508
(849 ra.)..
646.386
686,094
557,384
730,944
4)
6
.
9
097.919
5
068,070
607,28
652,0018
1884
666,642
573,284
(849
ra.)..
5)6
.
0
2
008,393
591,200
(849
m.)..
591,03.
537,322 680,851
591,0917
646,835
037,481
576.63,
715,160 741.252
557.H4L
012,647
595,5.85
(849 ra.)..
542,137
817,041
804.901
051,049
621,019
717,190
1887....'
(849 ra.)..
672,509 584,40d 715,755
1886
$
108,995
149,079
108,833
123,088
98,637
1,513,046
1,885,585
1,400,240
1,561,201
1,302,983 1,549,834
124.231
Chicago As Alton-
Chicago Burlington As Quincy(3,229 to 3,322 ra.).. 1,625,680 1,611,021
(3,322 to 3,467 ra.).. 1,648,2 iO 1,971,013
1885
(3,467 to 3,646 ra.). 1.992,484 1,601,915
90.523
Total.
$
I
f
90.380
95.270
$
112.503
109,784
104,273
124,072
I
78,359
as, 543
68,224
Dec.
Oct.
Sept.
Aug.
92,043
86,087
77,35i
97,750
73,414
85,306
(990 to 1,006 ra.).
(1,039 m.).
(401 to 490 m.).
RAILROADS.
f
72,345
73,900
70,092
82,064
115,973
89,615
96,157
82,451
187,001
201,964
202,537
207,548
195,93’
197,402
213.863
July.
June.
*
$
$
Alabama Great Southern—
.883
(296 m.).
1886
March.
Feb.
Jan.
1884
1886
EARNINGS
127
EARNINGS
RAILROAD
January, 1888. J
187.014
142,048
150.541
16-.081
2,110,041
1,727,595
1.*49,429
2.288,028
2,928,277
11.039.033
10,47',442
10.942.926
10.7 <0.187
11,820,632
2.025,109
1.712,389
1,078,330
1,753,300
202,812 2,927,533
107,943 c2,302,023
234. '59,02.412,078
209.973 2.542,811
21)7.502 2,010,223
1,272.924 14,169,257
1,292.127 13.002,447
1,104.212 13,072,044
1.27* 9"5 13.978.734
1,4 <1.2 ;o 16,023,884
150.749
174,614
158.933
177.797
1.299,425
1.428,082
1,339.*49
1.444,038
1 710. <«»-
INTESTOKS’
128
SUPPLEMENT
[VoL. xlvl
MONTHLY EARNINGS OF PRINCIPAL RAILROADS—(Concluded).
Jan.
Milwaukee Lake 8. & West.—
I
61,928
1888
1884
73.214
March.
Feb.
$
*
63.435
78,308
72.179
1887
Minneapolis A St. Louis—
(351 m.)..
1888
1884
1886
1886
1887
(351 m:)..
(351 m.)..
(528 m.)..
Nashville Chntr
(687 m.)..
& fit. Louis—
.
147,429
142,293
153,947
151,016
138,883
118,788
113,459
104,213
151,255
151,060
73,695
142,712
102,071
110,519
113,552
121.364
117,845
120.692
103,300 !
216,212
168,245 |
197,388
1883
1884
1866
1886
1887
135,808
151,801
109,151
144,018
201,681
184,263
236,015
186.992
184,986
1S5.519
242,094
184.845
129.108
101,283 I
164,494 I
167,139
200,499
185.275
190,956
107,790
195,262
210,495
174.919
160.152
128.428
149,77 2
189,466
154,407
206,104
206,819
186,737
187,350
245,733
101,435
118,077
188,107
165,381
172.811
116,272
2-18.44**
320,2 M
.
200.487
1883
1884
1885
1886
1887
(502 m.)..
213,020
229.255
216,907
(533 m.)..
Northern Central—
1884
409,840
404.216
400,120
514.947
1885
1880
1887
Northern Pacific—
1883
(1,535 to 2,365 m.)..
1884
.(2,449 to 2,453 m.)..
.
..
1886
1887
.(2.895 to 3,277 m.)..
.
279,305
358,985
614,103
553,582
460,33(i
571,421
124,856
150,004
131,331
118,394
106,683
138,004
132,276
126.882
Pennsylvania—
(All lines east of Pittsburg A Erie)—
.(+1.981 to 2,036 m.)..
.(+2,036 to 2,202 m.)..
.(+2,202 to 2,250 m.)..
1+2,250 to 2,322 m.)..
(+2,322 to 2,352 m.)..
Peoria Decatur ac Evansville—
1883
1884
1885
1880
1887
1883
1884
1885
1886
1887
Charlotte Col. tSc A
1883
1884
1885
1886
1887
...
ugusta—
(30H to 337 m.)..
...
(853 m.)..
(353 m.)..
(355 m.)..
1886
1887
Western North
1883
1884
1885
1886
1887
Carolina—
...
(206 to 274 m.)..
St. li. Alt. AT. 11. Main Line—
1883
1884
1885
1886
1887*
fit. L. Alton & T. 11. IS ranches—
1883
1884
1885
1886
(138 to 188 m.)..
1887*
fit. Louis A San Francisco—
1883
1884
1885
(815 to 080 m.)..
1886
1887*
fit. Paul Minu. & Manitoba.—
1883
.(1,250 to 1,190 m.)..
1884
(1,327 to 1,471 m.)..
(1,475 in.)..
1885
(1,475 to 1,800 m.)..
1886
1887*
.(],800 to 2,tfll m.)..
.
Union Pacific1888
1884
1885
1886
1887
.
.
2,517,282
2,328,893
2,411,146
2.180,982
1,703,836
1,823,568
1,570,385
1,872,887
1,085, W9
170,891
195,406
187,475
165,667
215,256
258,877
156,584
143,606
174,350
216.658
218,190
182,110
224,487
272,481
1,867,857
1,980,646
2.234,859
1.912,526
2,048,512
2,060,573 2,131,200 2,180,075 2,183,657 2,309,2*5
2,183,240
306,690
283,531
271,057
314,310
390,110
320,151
276,217
295,967
345.502
403,968
88.152
82,970
90,222
84.057
106,283
205,603
202,430
192,827
235,701
203,610
183,869
191,707
513,500
495,070
228.126
410,219
432.536
554,404
89,189
97,017
391,825
300,794
327.248
379.544
468,773 I
1
103,637
105,828 1
80,782
97,275
102.817
131,02;]
10k,8(58
131,404
99,054
331,210
270,010
207,374
288,495
404,724
285,981
334,712
433,851
477,510
411,723
510,427
470,811
504,754
519,795
534,011
472.944
510,*25
452,032
501.291
449.401
536,336
319,225
451,370
502,027
608,028
378,100
322,092
409,911
300,294
290,102
94,042
105.087
287,201
297,924
275,480
298.035
90,685
95,417
105,3N
261,711
228,408
250,190
287,407
385,032
204.201
308,119
288.904
270,198
448,405
339 905
219,188
185,824
210,470
256,28*»
334,704
300.690
282,202
281,799
335,43 *
307,119
257,135
469,6 8S
97,841
118,907
1,194.714 1,397,222
060.412
789.946
563.903
829,657 850,223 1,043,024
978,950 1,441,514 1,287,805 1,143,123 1,022,438 1.032,002
971,289
901,100
569,964
691,612
877,065
1,012,507 1,000,011
858.J16
993.484
983,731 1.077.356. 1.100,020 1,226,37 8
594,240
525,. 28 1,030,079 1,121,000 l,049,2i 8 1,149,102 1,202,570 1,29V*,: 80
319,879
312,750
381,180
310,092
254,420
309,743
347.703
865,877
300,734
101,853
94,846
131,474
100,696
328,158
520,085
310,882
300,476
358.571
281,636
351.611
390,772
477,132
1,230,5(50 1,4(51,511
1,224,955 1.522,285
1,372,073 1,443,607
1,408,210 1,(574,881
470,443
353,709
334,313
97.344
107,735
120,904
.
271,177
244,810
270,030
337,708
410,211
474,805
483,594
493,150
512,. 58
275,482
1,061,602
1,734.027
2.358,682
2,134,527
2,400,771
3,055,917
23.888,705
20,803,320
19.559.054
23,002,507
215,422
239,050
311,016
3,027.257
3,240.71S
320,786
3,050,311
73,831
87,086
80,405
112,545
185,645
1,003,001
1,034,210
1,092,354
1,129,440
1,395,181
232,854
2,812,775
2,711,152
247,103
240.428
207,337
♦371,345
3.449.404
2,771,121
3,252,058
4,’i 19,711
442,260 5,521,878
5O7.0K9 5,490,922
457,809 5,474,010
490,280 *.6,212.927
850,184
758,229
1,116,379
1,240.308
775,371
809.605
l,20v,9* >0
1,6-10,140 *1,174,093
1,276,022
10,149,050
12,613.305
11,349,699
12,* 29,552
13,846,640
4,250,150
3,702,959
3,079,015
3,827,832
4,1*4,075
354,880
365,(503
307.717
413,187
270,033
301,901
325,654
337,328
283,070
312,904
100,918
♦341,020
4,303,006 4,150,871 4,130.950 4,775,380 4,634,998 4,875,348
4,473,470
3,950,937
3.971,539
4.347,218
4,735,154
3,840,510
3,709,328
4.040,082
4,428,210
4,892,954
51,083,244
48,560,911
45,015,027
50,379,068
01,105
721,255
759,707
730,985
357,152
3-14,(5 9
393,201
408,054
4,002,02! 4.150,30! 4,207,173 3.900,174 3,989.085 4,017,894 4.458,871 4,447,547
3,635.374 3,704,89( 3,890,409 3.735.038 3,685,105 3,956,300 t,270,628 4,359,174
59,710
09,742
59,791
57,248
78,882
47,993
57,354
55,532
00,487
61, 57
59.188
53,438
50,509
51.267
56.523
63,114
74,820
48,297
51,881
47,945
50,921
62,120
1.069,241 1,720.016 1,690,877 2,810,489
2,188.144 2.855,073 2,827,942 2,14*,704
1.919,502 2.343,973 2.377,424 2.428,294
2.256,118 2,177,972 2,409,440 2,532.304
1,759,584 1,751,844 1,778,081 1,775,912
1,453,862
2,002,342
1,794,645
1,949,242
1,518,256
352,414
350,129
360,502
70,618
65,376
94,109
82,931
81,093
84,912
79,080!
63.508
63,576
"
58,081
68,17;
02,55:
297,287
209,329
292.077
281,114
300,296
267,409
317,181
301,097
392,514
320.797
364,378
313,829
84.043
68,232
75.578
52.954
82,160
70,305
66,205
2,979.094
2,707,792
2.641,852
2,703,266
1,824,057
113,8231
123.5801
125,825
137,706
119.303
130,8 J1
106.004
93.832
109.590
97.905
105.018
137,362
120,770
117,719
103,720
134,764.
121.908
137,068
20.09(1
29,212
33,865
27,557
35,083
33,010
20,167
31.0541
37,972
34.574
42.308
49,949
132,093
114,443
97,267
104,388
107,115
70,3111
80,0171
3.538.03313,333,217 3,531.430
3,299,015 2,870,451 2.940.541
2.940,750 2.800,388 2,878,370
2.808,209 2,929.616 3.011,482
2,055,704 1.908,012 2,085, <91
45,982
56,259
51,573
00,703
01.380
91,9-2
109,228
49,240
55,223
60,873
121.135!
125.190
122.041
120,327
121,438
122.580
27.52:
32,124
45 857
21,706
33,834
37,27:;
40.083
49,537
55,48:;;
56,807
128,700
132,157
133,093
125,129
113,951i
95.742!
102,276
139,077
35.023
49,205
30,880
31,682
28,219
37,879
41,327
37,547
87,854
131,313
140,777
128,433
131,306
132,681
175,800,
24,052
25,039
118.993
133,797
149,896
144,753
155,023
151,894,
30,553
35,719
38,833
44,957
48,7941
40.821
43.008
49,1891
55,990
03,795,
125,521
|
94,007
102,990
99,790;
93,675)
110,810
1
71,892
65,525
58,262,
58,181
73,924
280,990,!
03.566
60,410
74,477
73,575
68,058
302,780:
275,313
380,486
397,035
05,745
80,534
98,177
58,976
71,434
55,099
41,238
80,951
74,227
00,878
73,038
01,187
64,953
229,411
322,805]
300,822
285,544
313,759
138,752
104,912
353,88-4
427,533
307,863:
359,002
547,741
262,217
339,003
352,498
352,269
443,003
j
493.148
452,570
462,125
405,539
459,250
398,614!
407,440!
740,113
815,945
702,041
789,502
395.217
576,011!
414,810
434,809
001,910*
679.803!
|
712^408
010,756
30,437
32,713
57,334
23.201
29,629
35,102
44,028
59,951
101,731
104,847
78,931
104,431
100,156
90,953
81.725
87,056
93,162
97,201
101,758
90,095
87,43*
105,029
108,052
60,914
57,048
55,410!
4 4.H01
55,500
44,596
47,790
54,000
65,561
47,534
53,270
07,183!
03,270
68,345ji
289,156!
356,809,
323,6071
1
52,817
282,000
270,101]
305.873
359,111
315,924
339,377!
96,753
95,477
30.931
29,9 iO
30,974
77,955
*77,177
98,205
50,834
31.755
28,148
64,130
*04,700
71,411
04,276
80,080
49,327
36.037 j
35,017
29,310
27,503
57.U55
02,343
58,780
48,070
44,094
37,308!
79,157
04,202
46,785
40,879
47,961
48,241
46,286
47,877
43,092
45,728
39,481
41,003
30,049
71,9281
01,835
57,139
07,919
80,098
*80,907
305,370
296,501
88,021
59,767
69,026
78,527
50,1481
95,5911
09,522
90.481
78,402
]
71,077
56,646
72.343
53,714
44,383
60,845
429.834
429.179
425,516
425.721
504," 17
250.923
272,277
28(5,598
42,745
44,489
73,059
74,090
362.25*2
337,387
381,172
305,397
439,427
272,282
251,819
266.294
209,834
38,299
78.384
81,202
81,015
90,778
80,* 30
317,594
293,147
822,901
331,088
358,059
258,091
*
54,816
52,828
53,862
51,089
47,549
54,783
53,7x9
73,343
3,654,910
2,554,138
2,660,450
3,001,522
2,098,095
303,704
871.270
305,908
421,974
445,387
82,021
84,558
74,929
85,101
03.675
70,158
04.849
51,13*'
03,400
41,84(5
60,726
80,247
98,019
88,787
73,140
185,205
170,20*
173,350
170,167
107,595
152,931
104,(514
1(51,500
147,040
122,715
46,241
42,879
47,8.0(5
(50,30(5
(8.555
44,00(5
41,513
46,771
52.757
80,132
02,304
50,535!
141.793,
113,230
123,389
127,236
1;">7,( 56
141,408
137,258
131,504
132,702
102,770
131,522J
80,732
82,040
62,191
75,509
80,377
88,773
104,320
65,801
171.2(56
172.776
55,671,303
88.102
70,019
68,050
72,740
130.501
137,087
144.250
38,030!
44.390
48.277
814.747
(58,540
2,297,043 30,800,199
2,315.503 30,972,101
2.592,529 29,230,543
1,570,714 29,511,689
334,640
366,710
348,132
340,148
413,60?
3,845,152
8,873,724
3,071,629
4,060,225
4,434,421
77,013
83,096
76,349
67,304
85,835
828,900
775,527
808,100
783,444
65,570
83.807
75,734
54,893
61,278
737,800
688,321
605,550
010,824
562,034
118,443
115,614
123,276
113,075
141,346
1,080,193
1,590,098
1,553,509
1,558,802
1,060,501
33,784
382,037
435,720
477,990
5:15,905
682,781
870,410
37,240
30.575
42,165
52,541
I
142,427
120.405!
120,1701
113,807!
129,971!
71,714
58,207
00,007)
72,006
81,501
376,390
433,428
308,445
354,809
443,770
419,407
457,584
405,207
519,050
400,048
577,384
728,207
021,107
489,542
433,462
580,510
714,009
712,105
511,015
479,694
013,080!
623,727
005,150
550,387
032,148
571,702
525,009
571,520
021,3441
627,764
75,309)
78,(595
90,790
370,100
512,758
383,082
402,943
394,805
479,5(55
573,973
477.804
519.494
136,249
05,108
112,050
113,732
1,484,069
1,323,920
74,901
00,854
69,735
74,108
01,453
72,2*4
832,468
741,150
760,310
80,440
90,630
88,08-1
104.557 j
114,801
117,508
139,025
305,462
300,057
406,824
450,748
627,250
060,870,
754,473 941,2665
738,587 1,014,862
747,578 1,004,789
950,057
819,795*
847,800 1,001,933
847,003'
879,440
i,269,712
1,278,345
803,991
88,002
C
958,765
403,640
352,617
372,542
504,041
581,352
3,800,565
4.043,590
700,382
819,439
686,850
8,389,095
8,314,197
7,521,138
4,383,400
4,874,027
6,215,679
r
2.278.598^2,491,035
084,934
2.447,402 2,381,639
1,916,854 1,673,224 J.891.758!2.363.277 2,351,013
L,531,094 1,540,754,]L,905,497 1,110,520 2,099,898 1789453 2,375,899; 2.417,71012.480,827
.955.390
2.304.990,2.831,130
2.518,122
>.007.52*
L987.191
1,674,949 ',563,949)] ,975,517
1.428,029 .635,1411]L.954.208 i1.113 44C 2.211.448 $>263.821 2,442,058 -.587,731 2.517,793
,787,353 .675.914 2.571.3652.342.155 f2.188.27" >.506.828 2.479.H72 2.536.599 2.743.9*0
859.607
810,514
1,109,843
2,625,880
2,414,238
2,948,059
2.649,214
2,768,627
>.755.154
2.429.279
2,.351,431
2.934.466
2.597.585
Approximate figures.
+ And 60 miles of canal.
5 Including Central of N. J. from June 1. 1888, to Nov. 30,1886;
are not included In any of the years.
t After deducting $444,386 charged off hy Mr. Adams on assuming office
a From October lBt earnings are given after deducting proportions due ta4eased roads operated on a percentage basis.
•
.(3,942 to 4,256 m.)..
(4,256 to 4,476 m.)..
.(4,476 to 4,519 m.)..
(4,519 to 4,594 m.j.
.(4,594 to
m.).
242,182
209,99£
197.512
193,327
2,057,547 2,111,4s*3 2,580,956 2.613,134
1,569,568 1,784,639 1,861,214 2.104,375
1,451,933 1,561,722 1,737,458 1,835,664
1.887.505 1.985,366 2,051.695 2,239.877
514,022
Virginia Midland—
1883
1884
1885
2.200,042
2,100,412
2,045,951
2,240.201
229,94?
460.147
329,248
333,755
309,890
340,513
363,401
Columbia <Sk Greeuville—
1883
1884
1885
1886
1887
289,240
284,637
278.839
306.686
213,70£
259,625
488,990
259,757
266,889
325,653
278,527
323,629
80,494
(373 m.).
1,714,752
1,549,020
1,506,098
181.486
134,464
129,825
109,892
155,027
S
1.068,064
1,114,310
1.806,277
2,317,802
c 3,175.077
<T
1,608,775
2.195,801
(1,583 m.).. 1.846.366
...(1,583 to 846 m.).. 2.055.58-1
1,570,821
Richmond A Dauvillc—
146,017
256,277
212,454
223,596
234,410
Total*
140,802
145,381
130,488
149,184
*140,124
196,001
447.230
Philadelphia A Reading—
18885
18845
18855
18865
1887
161,a54
147,084
3,901,855 3,862.617 4,178,580 4,330,101 4.356,677 4,585,390 4.674,052 4,737,351
3,851,771 3,988,788 4,410,433 4,342,834 4,805,040 4,911,858 4,654,370 5,022,012 5,000,50? 4,989,521
49,622
64,590
61,275
54,921
70,039
1883
1884
1885
1886
1887
150,911
149,527
213.200
205.024
411.397
4,189,380 4.061,75(
171.555
191.846
3o4.2o0
3.712,215
3.420,783
3.075,700
3,549,475
176,053
172.416
203,737
410,035
3,929.357
3.574,233
3,277,522
3,421,530
159,316
160,192
205,680
477,848
454,917
390,697
*298,512
257,17:-
454,749
450,010
311,0*8
95,215
132.09^
204.75 £
*2 0,207
100,284
254,976
*
75,52°
87,586
107,248
167,224
*182,05i
201,326
170,661
161.957
147,700
178.130
241,071
462,564
483,360
•
f
197,791
210,586
192,805
223.311
270.146
171,079
190,751
167.495
172,330
253,201
398,618
389,049
430,961
380.372
341,591
305.75V*
103.943
230,714
321*14
231,023
267,879
274,430
Dec.
147,935
194,075
144.505
170,911
190,996
211,522
200,484
267,551
322,09 i
302,145
300,301
274,180
295,219
1
112,524
103,837
137,027
160,118
135.557
154,625
129,720
105,900
Nov.
123.336
108.785
217,334
210,298
220,416
277,307
322,470
Ohio A Mississippi—
1883
1884
1886
1886
1887
251,450 248,14(
*350,027 *332,12i
Oct.
280,062
253,332
235,246
266,801
271,28!
123.727
140,036
191,344
225,357
lv 6,281
221,789
299,304
!
$
08,24£
99,20*
148,605
1
100.585
96.031
134.221
118,80(
.
Norfolk & West
Sept.
Aug.
185,902
160,661
158,045
141,970
142,774
122,053
159.C95
193,0*8
184.052
222,72'
249,401
...'..(600 to 627 m.)
Hew York Lake Erie A West.—
1883
..(1,060 to 1,620 m.).. 1,524.869 1,283,010 1,090,909 1,548,474 2,055,988
1884
(1,622 m ).. 1,567,211 1,496,894 1,495,541 1,727,434 1,615,364
1885
1,315,443 1,371,024 1,568,523 1.469,012 1,481,014
1.531.604 1,551.486 1,793.221 1.741.35* 1,951,877
1880
(1.622 m .)
1887o
1.705,070 1,761,182 1.9j0,4O3 1,80", 122 2,098,955
Kew York A New Englnnd—
303,035
296,311
275,891
245,681
237,711
1883
252.603
259,471
275,507
273,702
243,047
1884
260,305
203,934
202,102
1885
230,420
220,090
(384 m.)..
303.314
260.934
270,924
314,504
320,832
1886
1887
1351,226 357,042 421,674 407,207 1373,024
!
New York Susa A West.—
87,054
76,974
78,511
68,107
1883
66,697
64.055
71,704
82,278
80,781
64,140
1884
90.331
85,294
91,098
70,665
1865
68,505
74.:- 82
89.175
87,2a':
87,310
81,650
1886
107,770
1887
84,590
112,53?107,171
98,341
.
t
88,2Sf
96,896
*
91,047
90,583
108,486
100.771 11
149,138
199,032 236,132
247,794 *232,203 »2V6,068 *344,43t
107,548
96,491
113,162
179,228
(687 tn.)..
1
93,297
95,034
98,438
$
90.037
97,383
111,570
160.&56
July.
June.
May.
83,459
133,428
122,562
Mobile A Ohio—
1888
1884
1886
1888a
1867a*
!
79,851
1C0.357 I
74,209
97,079
100,532
*142,885 *158.554
1886
1888
| April.
700.161
7.427.339
905,264
8,745,227
2,322,393 £,8,716,141
2,319,586 S 5,057,290
2,348,487 *,5,025,171
2,343,543 2 0,603,797
the earnings of the Coal A Iron Com*
a Includes 8t. Louis A Cairo.
SKSSsY'YlyYil 'Y £ ?& X’/^'©FFER
i®(r»*®ny and: Sell bonds, stocks »nd securities in
all Americau, Canadian, British and Dutch market
Collect dividends, coupons and foreign and inland Drafts. Sell Bills of
Exchange on " '■ ^
MelTilie, Erans * Co., .C. J. Hamhro & Son; LONDON; H.Ojens & Son, AXSTESDJJI; *
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