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RAILWAY AND INDUSTRIAL
SECTION
OF THE
C ommercial & JTinancial C hronicle.
Copyrighted In 1911 according to Act of Congress, by W IL LIA M B . D A N A CO M PAN Y, in office of Librarian of Congress, Washington, D . C.
Vol. 92.
R a ilway
NEW
and
Y O R K , J A N U A R Y 2 8 , 1911
I ndustrial
Section
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R A IL W A Y OPERATING ASSOCIATIONS—HOW
THEY HAVE DEVELOPED SCIENTIFIC
METHODS.
In the course of the investigations by the Inter-State
Commerce Commission into the reasonableness of the
proposed increase of freight rates, the leading advocate
of the shippers, Mr. Brandeis, based his argument in
opposition, on the suggestion that increased efficiency
in operation might give the railroads the funds they
needed. The transparent sophistry of the pleader
was readily recognized in the railroad world. Never
theless the proposal obtained more public attention
than it deserved on its intrinsic merit. The prompt
invitation of the leading railroad authorities offering a
large pecuniary reward for his services in an adminis
trative capacity, if he would undertake to put his
theories into practice, and reduce the expenses of opera
tion in the ratio he declared possible, was met by an
evasion which rhetoricians have in all ages found use
ful when in a corner.
He challenged the railroads to a debate on methods,
a public audience to be the judge. In a technical
matter of this kind an impartial examination of what
has been, or is being done, by the defendant, stands
little chance against the appeal “ ad hominem.” So
there has been some danger of an impression beingcreated that the railroads of this country are run in a
more or less haphazard fashion and at a cost due to slip
shod methods of controlling theexpenses of operation.
Railway transportation is such a familiar process of
modern life that the public is apt to adopt this notion
hastily without taking the trouble to inquire into the
minute working of a system the broad results of which
No. 2379.
are all that the ordinary passenger needs to know.
Railway operation, however, is a highly complex and
extremely technical business. Every year is adding
to its ramifications and increasing the subdivisions of
its organization. If the Inter-State Commerce Com
mission is gradually framing a code of railway practice
as regards the operation and finance of the railway
companies of the country, it must be remembered that
this code has been evolved practically entirely from the
experience, suggestions, rules and investigations of the
railroads themselves, acting through their operatingassociations.
Their influence and potency in results accomplished
were acknowledged by the Commission in its earlier
days to be unique. There is no reason to imagine that
their usefulness or there activities have diminished.
An enumeration of some of the more important of these
operating associations may accordingly help to correct
any hasty conclusions from such criticisms as those put
forward by Mr. Brandeis.
As the railroads expanded their territories and the
density of traffic brought up new intricate problems
of operation, the need of co-operation weakened the
attitude of jealous independence which frequently
existed among the railroads. To do away with the
diversities of practice hindering development in many
parts of the country, interchange of ideas and experi
ence became imperative. Since 1867, when the Master
Car Builders’ Association was formed—the first of its
kind in America to bring together the men trained and
engaged in a specialized department of railway opera
tion the process of welding into a whole the diversi
fied practice of the railroads may be said to have been
continuous. One after another other special operating
associations were formed. There are nine of these
composed of the chief operating officials of the rail
roads, while similiar local associations and railway
clubs, in a sense subsidiary to the main associations,
exist all over the country.
To the Master Car Builders’ Association is due the
code of rules relating to the interchange of freight cars
among the several roads. An elaborate schedule of
charges for labor and material which may not be ex
ceeded in the repairs made to cars found to be defec
tive on a “ foreign” road was drawn up by this Associa
tion. In the avoidance of disputes by reference to an
arbitration committee the Association’s work has been
invaluable. It is responsible for the automatic car
coupler now in use upon all railway cars in North
America, and for the standards, more than fifty in
number, for the construction and use of cars. The
Car Builders’ Association has thus behind it a long
record of service little known to the public.
Work of a kindred nature falls to the Master Me adopt “ Standard Time” for their time-tables. The
chanics’ Association, which considers questions affect reform thus accomplished was not preceded by legis
ing joint action regulated to give efficiency to the equip lative action on the part of either National or State
ment of the railway in rolling stock, and particularly governments. It was seen to be so commendable that
the locomotive. The members are general foremen, it was adopted by the people under the leadership of
their superior officers, and representatives from each the railway officials, and was confirmed by legislation
locomotive and car building works. Machinery for the in due course. The railway managers on their part
settlement of the immense amount of accounts for car learned from the success in this matter the possibility
service between the companies is provided by the of bringing about other reforms. Thus the Association
Association of Transportation and Car Accounting was instrumental in the compilation of the Uniform
officers. Meeting twice a year, this body has the special Code of Signals and the Standard Code of Train Rules.
function of promoting improvements in methods of car The latter code has been frequently revised and im
service, and car accounting. Of over 2,200,000 freight proved. In regard to the confirmation of the stand
cars, 20 to 50 per cent is constantly in use upon roads ard gauge, the transportation of explosives, and the
other than that of their owners. Equally important is standardization of cars, the American Association has
the work of its minor committees in handling the finan made for itself a record for initiating reforms and im
cial details involved in office methods and the clerical provements. Many of these have since been acted
upon and have received the sanction of the Inter
minutiae of the car service departments.
Preparation of the immense amount of statistical in State Commerce Commission. Seeing that the action
formation required to be submitted to the Inter-State of the Association is purely recommendatory, and
Commerce Commission in connection with the present not binding upon any of its members, it says much for
inquiries has necessitated heavy additional work by the careful formulation of these codes, based, as they
the railway accounting departments. That the data are, on the original diverse practice of so many roads,
requiring presentation in a new form in many instances, that they have gained validity from a general accept
were furnished expeditiously was a vindication on one ance by the roads. In the practical art and science
charge on which the railroads had been assailed. It is of railroad operation a candid examination will, we
inconceivable that the exhibits laid before the Com think, lead to the conclusion that the actual operators
mission, as they were called for by the shippers, could of the railroads have little to learn from the critics
have been forthcoming so promptly had not the system who have accused them of inefficiency.
evolved by practical experience been able to stand the
THE POOLING OF LOCOMOTIVES IN
test on the score of efficiency.
OPERATION.
The Association of Railway Telegraph Superinten
In the fierce light that now beats upon the railroads,
dents dates back to 1882. Its offshoot, that of Train
Dispatchers, followed six years later. From the joint owing to the public attention being concentrated on
conferences of these associations with the American them through the discussion of general policy regarding
Railway Association has been evolved that part of the Federal and State control, details of the internal work
Standard Code of Train Rules which relates to train ing of the roads are awaking widespread interest. To
dispatching, either by telegraph or telephone. This the traveling public the locomotive which hauls out of
is a particular branch of railway operating practice a metropolitan terminal the modern splendidly
which has attained a degree of concentration and pre equipped train of passenger cars and the ponderous
cision on the best American roads that other parts of machine which moves across the country its fifty or
the world have only just begun to imitate and emulate. more heavy-laden freight cars, alike exercise a fascina
The Railway Signal Association and the American tion and arouse curiosity as to the manner of their opera
Railway Engineering and Maintenance of Way Associa tion and as to the men responsible for their handling
tion in the dozen years or so of their existence have been and maintenance. Though general knowledge is vague
valuable instruments in diffusing among operating regarding the methods and means employed for supply
officials knowledge of the latest technical development ing the locomotives with regularity for the performance
of railroading. From the commonest track plant to of their work, it has not escaped notice that a change
the most elaborate layout of yards and terminals these has been going on during the last few years in the
associations are covering a field in which the practical practice of handling locomotives corresponding to the
is united to the theoretic side of engineering in a way changes in construction, size and power. In its
evolution the steam locomotive has perhaps got beyond
not surpassed in any other pursuit.
The associations mentioned are composed of the ad the physical capacity of the engine crew which a gene
ministrative personnel of the railroads and are well cal ration ago was accustomed to handle it for its day’s work
culated to promote the communication and interchange from start to finish. It was the general practice to
of ideas likely to result in the steady raising of the assign a locomotive to a crew, and both crew and
standard of operation. They are the life blood of the locomotive to particular runs. When the locomotive
railroading machine carrying on the gigantic work of was taken to the shop for repairs the crew worked in
public transportation as an end in itself without regard the shop until the repairs were completed, usually
to the extraneous influences of finance or politics. On devoting much, or all, of its shop time to its locomotive.
The engineer and his firemen were identified with the
them depends for the successful execution of its behests
locomotive
under their control, and became so familiar
the American Railway Association, which is composed
with
its
working
as even to acquire a sort of affection
of the railway companies, represented by their chief
for
the
machine.
Those days are passing, however,
officers.
and
as
it
is
certain
that a locomotive in proper condi
This premier association originated in the times
of the “ Time Conventions,” when the trunk lines came tion can be used a greater number of miles or hours per
to realize that speed wars were not only dangerous but week, or per month, than one crew is able to stand, the
unprofitable. It was not, however, until 1883 that the system has been developed of assigning locomotives to
managers of 78,000 miles of road, from Boston to different crews so as to obtain an increased mileage
St. Louis and New York to New Orleans, agreed to service from the locomotive per month or per year.
To effect this, some arrangement of pooling the loco employed are worked by 70 engine crews for day and
motives for service was found desirable. A great ex night operation. The pooling of freight engines under
tension of such pooling has been made in America in this highly developed system has been found successful
the last five years, and recent reports show that it is and satisfactory in bringing about a diminution in the
being adopted by the great trunk lines of England cost of locomotive repairs.
There is more difference of opinion among railroad
between themselves. As late as 1905 pooling was not
officials
in this country as to the advantages of
used on the majority of railways in the United States
pooling
in
the case of passenger engines. Records
under normal conditions of traffic. But the large in
of
the
Chicago
Burlington & Quincy for 6 months
crease in traffic in proportion to the number of loco
showed
that
pooled
freight engines made on one division
motives in 1906 and subsequent years—with financial
exigencies compelling companies to exercise to the full as high as 4,167 miles per month. On other roads
the service of their existing rolling stock—has caused double-crewed passenger engines are known to have
various methods of pooling to be now well established made an average of 6,500 to 7 ,500 miles per month, and
in this country. Most of the roads have been com one road reports for its engines in express service 418
Mr.
pelled to resort to the pooling of freight engines and miles per day and 12,780 miles per month.
Vaughan
from
his
experience
on
the
Canadian
Pacific
the double-crewing of passenger engines. For freight
engines, especially, the practice has become more Railway strongly opposes pooling in passenger service
general in the United States as engine-house facilities and prefers the assigned-engine system as giving better
have been improved, and more system and better or and more efficient service. The consensus of opinion
ganization introduced— all favorable to promoting its seems to be that whatever advantages may theoreti
cally be obtained through pooling operation in mileage
success.
For instance the operations of cooling down, wash records and in a quicker return per uniton the invest
ing and filling with hot water may now be performed ment of locomotives, there may be practically a loss in
in less than two hours, while the reduction in boiler driving them at “ the pace that kills.”
pressure has also reduced the number of boiler fail
CAR INTERCHANGE AND DEMURRAGE.
ures, permitting the more continuous use of loco
A very valuable basis was laid at the Berne Inter
motives under the pooling system. This has relieved
national
Railway Congress for the study of the question
the engineers and firemen of most of the repair work
of
the
economical
movement of freight cars. At the
which formerly was considered within their province.
request
of
the
American
members, inquiries had been
At the engine houses they have now little to do usually
beyond the lubrication of machinery and inspection made of all the chief railroads of the world. Reports
of tools and supplies of engines, and all responsibility were received from administrations operating about
ends when the engineer turns in the locomotive with 430.000 miles and owning about 3,800,000 freight cars.
his report to the foreman of the engine house. The The communication made to the International Associa
present tendency is for the engine house force to outfit tion, modestly called a note, by Mr. W. F. Allen, the
each locomotive completely for service on the road, General Secretary of the American Railway Association,
though it is essential, of course, that the crew should embodying the information contained in these replies, is
not be absolved from the responsibility of making sure a succinct account of the customs prevailing in the
that the necessary repairs and outfitting have been done most important railway countries of the world.
Individually, North America with its greater mileage
on a locomotive allotted to two or more crews on regular
passenger train schedules. Precautions for the safety stands far ahead in the number of its cars. Curiously
of the traveling public as well as of the railroad em enough, the number of freight cars on the North
ployees themselves demand this. If it be true, as American railways is about the same per mile of road
stated by Mr. Stone, Grand Chief of the Brotherhood as in the rest of the world—a little less than nine cars
of Engineers, that the average railroad life of an to the mile. But this does not tell the real tale as to
engineer is no longer than ten years and that “ the best the relative use of freight cars, since it does not allow
is none too good for securing the safety of life and for the different capacity of the cars in the various
limb” in railway travel, no pains should be spared in countries. The five to ten-ton truck of England is a
this respect. Indeed, the relative advantages of bonus, dwarf beside the fifty-ton car of North America or
piece and weekly wage work ought to be carefully that in use in Bavaria. There are, however, outside
weighed before new systems of organization are intro of North America very few cars of more than 35 to 40
duced on the score of economy and efficiency, as was tons capacity, whereas in the northern part of this
pointed out recently in the Civic Federation’s discussion continent there are no fewer than 300,000 cars having
a capacity of fifty or more net tons.
on the subject.
American railroad transportation men are engaged in
Great variety exists on different roads in the details
the
evolution of the most efficient method of handling
of handling engines, and the cost of service depends so
on
a
uniform basis 2,200,000 freight cars, moving on
much on various local conditions that sweeping
nearly
250,000 miles of railroads and serving more than
generalizations are naturally distrusted. The au
80.000
communities. About 80 per cent of the cars
thoritative information on the practice of handling
locomotives at terminals collected for the joint meeting belong to fifty-six companies, though the total number
of Mechanical Engineers at Birmingham last year has is distributed among more than nine hundred owners.
fortunately provided a sound basis for full discussion It is computed that from a quarter to a half of the
by the public. To what a pitch of organization Ameri 2.200.000 cars are constantly in use upon the lines of
can engine-house practice has attained may be realized other roads. Technically a car becomes a “ foreign”
from Mr. Forsyth’s description of the East Altoona car when it passes from its own to the lines of another
classification yards. Under normal traffic the engine road. In all countries the same problems are found to
house must deliver ready for service one locomotive exist. Can we provide a satisfactory system by pooling
every five minutes during the whole 24 hours of the — as in Germany under the agreement of April, 1909—
day for the three divisions of the Pennsylvania Rail or otherwise, for controlling this common^movement
road served by the engine house. The 35 switch engines and interchange of cars?
The company which controls the movement of the
“ foreign” car is under certain obligations to its owner
for its use, its physical care, and its prompt return,
either loaded or unloaded. Everywhere the rule ob
tains that a foreign car must be kept in general repair
by the company which holds it. An immense amount
of inspection and clerical work is necessary for the
equitable adjustment of the expense between the com
panies concerned. The charges made for the inter
change use and undue detention by the companies
come under the term “ car hire.” Demurrage in its
stricter sense means the amount which the railroad
holding the car, whether its owner or not, exacts from
the shipper or consignee for its undue detention when
it has been placed for loading or unloading.
Efforts to check the tendency of the shipper and of
the consignee to consume unnecessary time to load or
unload are particularly conducive to efficiency of rail
road operation. Hence the necessity of an impartial
office so organized as to be able to obtain sufficiently
complete information as to the amount of available
cars and their distribution on the various lines. This
function is being performed by the American Railway
Association through its officers and such committees as
that on Relations between Railroads, a committee com
posed of transportation men from all over the country.
The Committee is really the responsible body for the ad
ministration of the code of Car Service rules which
were originally adopted in 1900, have been amended
from time to time, and have been acquiring force from
the interpretations and decisions of the Committee.
Through the agency of its central bureau, the reports
of the railroads have in a comparatively few years
become an essential part of the operating machinery
of the country’s railroad system.
It is from the figures thus obtained that the Com
mittee on Relations between Railroads is able to com
pile the statements of car surpluses and shortages which
it issues fortnightly. The country for this purpose is
divided into eleven groups, and the cars are classed as
box, flat, coal, gondola and hopper, and other kinds.
A comparative chart based on these data enables in
structive inferences to be drawn as to the interchange
movement of cars among the constituents of the asso
ciation and provides a clue to the fluctuating volume of
traffic corresponding to the contemporaneous condi
tions of the country’s trade.
A larger detailed statement, issued at longer inter
vals, for complete review, enables the statistical basis
to be made as to the freight car balance and perfor
mance, which the Inter-State Commerce Commission
and the railway commissioners of the various States
have come to accept as necessary and essential infor
mation, for forming any judgment upon the operation
of the railroads. The details of this latter statement
include returns showing the revenue freight cars owned,
the average number of home and foreign cars on the
lines, the number of private cars in use, the cars in shop,
the number of freight engines and the total freight car
mileage. Of most importance is considered the column
which gives the ton miles per car per day, while the
gross freight earnings and the average daily earnings
are also given. Thus in the public inquiries now pro
ceeding it will be seen that the ammunition which has
been used by the critics of the railroads has been ob
tained from the railroads themselves, which have
during the last few years been working out a system of
car movement on what may fairly claim to be principles
of scientific operation.
It is evident from the replies received from the rail
roads of the various countries of the world reporting
to the permanent Commission of the International
Railway Congress that the same troublesome problems
exist everywhere of adjusting equitably and with
satisfaction the movement of cars belonging to different
owners and of securing a uniform equalization in the
charges for car-hire in the territoiy of other roads. The
question is extremely complicated by the value put
upon the rolling stock, and the need of the real owner,
for its own particular use, of the cars of the latest and
best equipment in which it has invested and on which
it naturally expects a ready return. There is a tend
ency towards pooling agreements which are more easy
to carry out in countries where the railroads are under
the more or less direct administration of the Govern
ment, as in Russia, Germany and SouthAfrica.
Two
or three of the great systems in North America have
practically these pooling arrangements between their
chief and subsidiary roads.
From the indications of the last returns made to
the American Railway Association, it would appear
that the movement per car per day in average mile
age is again rising. Last fall the figures showed
that the railroad freight traffic was running to the
full for the first period in three years, and conveyed
the inference that the railroads were handling more
business than ever before and handling it better. The;
shippers and consignees, moreover, were handling it
better, the consequence being that the better time
made in handling the cars by the railroads and indus
tries enabled a big business to be done without a big
shortage of cars. The reports of earnings of railroads
whose traffic is densest have confirmed the anticipa
tion. The experience of 1907, when the system of
car service record was begun in its present form,
afforded particularly striking lessons as to the surplus
and shortage of cars in the heyday of prosperity fol
lowed by adversity under panic conditions.
As compared with last year there have been two
important changes in conditions to be taken into con
sideration in framing sound conclusions as to the actual
situation of freight transportation on the whole conti
nent. In the dull business season of 1908 the rate for
car hire was reduced from 50c. to 25c. per day among
the railroads themselves. As the demand again rose
in excess of the supply, owing again partly to the re
striction of orders for new cars, the rate was raised to
35c. The increased rate, it may be inferred from the
available data, has stimulated a quicker movement,
while a gratifying increase in volume has further been
obtained by the new bigger and better cars put into
the service to replace those worn out. The present
experience is modifying by a fresh object lesson any
inference that might have been drawn that a severe
car shortage was a necessary accompaniment of good
times.
Doubtless the introduction of uniform rules has
resulted in the aggregate in a great saving in cars
and improved mileage of cars. This improvement
may bo expected to advance steadily, allowing for
temporary fluctuations. The railroads may be counted
on to continue their efforts by scientific distribution
practically applied to get all the use possible out of
their present cars and their facilities. The shippers
benefit in proportion to this improved movement, but
their co-operation is essential to the satisfactory work
ing of the system which is in process of evolution,
they can help or hinder it. The common interests
of the country’s business makes an attitude of antago
nism injurious to both. A speedy settlement of their
differences and the establishment of harmonious rela
tions are the only sensible solution of the present con
troversy, and may be expected to be the outcome of
the better understanding of what the railroads are
actually doing.
R AILROAD AND IN DU STRIAL D IVID EN D S FOR TEN YEARS.
The following is a record of the dividends paid in the last ten years on the stocks of the more important
railroad and industrial corporations throughout the country. Dividends actually paid form the basis of a
year’s total. Those declared in one year and paid in another year appear in the latter year.
DIVIDENDS ON RAILROAD STOCKS.
» J
oo
1Dividend
1904.
1903.
1902.
1901.
Name o] Company.
Periods.
...
...
J A D
9
lOd
9
9
F A A
6 A 3d
6
6
Annual
9
9
9
9
Albany & Susquehanna (leased) - - J & J
4
4
4
ak
Atch Topeka A Santa Fe com -----5
5
5
5
F &A
7
7
7
M
&
S
OX
Atlanta A Char Air Line (leased).
8
8
0XS
4X
Atlantic Coast Line Company------ Q-M10
5
5
JAJ10
3X
2X
5
5
5
MAN10
5
Baltimore Ches A Atlantic pref—
*4*
*4*
'4*
*4'
Baltimore & Ohio common........... M &'S
4
4
4
4
MA S
3
J&J10
7
SX A Id
5
5
B e U R R A Stock Yds Ind c o m ... J & J
8%
8X
Q-M31
8X
8X
8
8
8
8
J & J
7
7
7
7
Q— J
6
6
6
6
M& S
10
10
10
10
Boston & Providence (leased)------ Q—J
2
2
2
2
Boston Revere Beach A Lynn------ J & J
6
4
SX
4
Buffalo Rochester & Pitts com __ FAA15
6
6
6
6
FAA15
Preferred____________________
2
Bull & Susq RR pref (leased)------- Q— M
2
2X
” 2"
2X
Canada Southern guaranteed------ F A A
6
5
SX
5
Q—J
4
4
4
4
A &O
5
5
5
5
Catawlssa (leased) pref stocks------ M & N
8
8
8
5
Q— F
1
1
1
1
Q-M31
Chicago A Alton RR common----- FAA15 |New com pany; con solldatton of March 8
JAJ15
1
4% prior lien A partlc stock—
7
7
5
7(7
Chicago Burlington A Quincy----6
6
6
6
W
2X
1
SX
Chicago Ind & Louisville com ----- JccD30
4
4
4
JAD30
■4 *
7
7
7
6
Chicago Milwaukee A St Paul------ M & S
7
7
7
7
M AS
7
7
0
7
J & .1
8
8
7
8X
Q -J
5
8X
5
7 Xh
Chicago Rock Isl A Pacific Rv----6
6
8b
5
Chicago St Paul Minn A Omaha..
7
7
7
7
nil
2
nil
nil
Cln Ham '& Dayton common.........
2
2
j* A D
5
5
2X
Q—M
Cincinnati Northern.......................
■4 '
'4*
"S '
M a Ԥ
*3H
5
5
5
Q-J20
5
7 .
7
7
7
Clev & Plttsb orlg guar (leased).. Q— M
Special guar betterm't stock__ Q— M
Colorado A Southern co m m o n ... Ann Dec
" 2"
T
A &0
v h
'I 'X
A &O
...
...
...
Q—J
...
Cripple Creek Central common__
Q —M
__
__
F &A
6
6
6
0
J & J
8
8
8
8
Delaware A Bound Brook (leased) Q-F20
7
7
7
Q-M20
7
7
7 A lOd
7
7
Delaware Lackawanna A Western Q-J 20
5
5
5
JAJ15
5
5
7
7
Ann-Aug
7
5
2«
J & J
4.52
4.54
4.50
4.52
Elmira A Williamsport (leased). . M A N
6.30
6.30
6.30
J A J
6.40
4
SX
3
Scml-ann
IX
A A O
nil
nil
nil
Ann-Nov
1X
5
5
5
A AO 15
5
5
5
5
5
...
...
Fonda Jonnst & Glov com m on._
0-M15
s'X
5H
Ft Wayne A Jack pref (lea sed)... M A S
SX
4
4
2
nil
Ft Worth & Den C’ y "stpd stk” - . Ann-Feb
11
11
11
0-J15
11
5
5
5
5
Gerogla Sou A Florida first p ref.. M A N
4
4
4
4
MAN
3
3
3
2
A A O
4
4
4
A A O
4
2X
5
5
A A O
5
2
5
5
4
Second preference____________ A A O
2
1
1
Ann-Apr
7
7
7
7
A
Xd
Q—F
Great Northern..............................
Iron Ore Properties (ctfs)------’ 4"
"4"
'4*
Ann-Feb
■3 *
4
3
Gulf & Ship Is la n d ......................
7 A* Hd 7 A Md 7 & Hd
7
JAJ10
3
3
3
J A J
1X
1
5
nil
nil
6
7
6
5
J A J
6
6
6
0
MAS
__
__
Q—J
2
. . .
Q—J
. . .
Intcrboro Rap Tr (N Y City) —
—
Q-J 15
2
1
1
i«
Keokuk A Des Moines pf (leased) Annual
4
3
4
4
J A J
7
8
7
7
JAJ2I)
Lake Shore A Mich Southern...
6
7
5
Q-F28
6
nil
nil
1
nil
J A J
nil
nil
10
nil
J A J
5
5
5X
SX
Little Sch Nav RR & C (leased).. JAJ15
MAS 15
5
5
5
5
FAA10
10
10
10
10
F A A
6
7
0
ox
10
10
10
10
M AN
Manchester A Lawrence (leased)
6 A Id
4
7 Xk
Q—J
Manhattan Elev guar (leased) —
nil
IX
M AN
4 A Xd
2X
4
4
4
4
JAJ29
5V*
sx
J AJ 15
SX
MlnchlU A Sch Haven (leased)..
SX
5
5
2H
4
. J A J
5
5
5
5
. J A J
2
4
. . .
. . .
Minn St P & S Ste Mario c o m ... . A AO 15
7
7
. A AO 15
__
__
. MAN
5
5
5
. J A J
2X
2
2
nil
nil
Mobile A Ohio...............- .............. . J A D
9
9
9
9
. M AN
nil
4
nil
nil
. F A A
National Rys of Mex 1st p r e f... . F A A
"3”
'5 '
III
New Orleans A Northeastern__ . Ann Sep t
5
5
’ 5*
5
Q—J
N Y Central A Hudson River__ .
N Y Chicago & St Louis com ___
*5‘
*5'
‘ S'
I M AS
‘ S'
3
3
3
2
. MA S
10 A 4
10 A 4
10 A 4
10 A 4
New York & Harlem (Incl 4th Av )
(J)
8
8
8
. Q-M30
8
. . .
—
—
__
NiY Ontario A Western............... . Ann Au g
____________________________________
1906.
1905.
1907.
~<r
" 6*
■<r
9
4
5
6
3
4X
5
10
6
9
5 A 25C
5
2
4^
4
1909.
2
6
7
9
5
5
6
6
4
6
4
1910.
4X
7 A 50r
9 A 30a
sx
3
8
5X e
10
5«
4
1908.
7 <Sc 100P
9 A 3.45a
6
7
9
7
10
5H
6
7
nil
6
4
6
4
3 Mi
6] A 2d
8K
8
7
6
6 A 2d
8«
8
7
6
6 A 5d
8X
8
8M
* 6
6
6
85i
8
6
6
10
2
4
5
6
4X
6
4
2H
6 A lto
6
4
6
4
2X
6 A lie
8
8 A 2x
1
4
4
<& 6(7
6
3
4
8
6
3
4
8
6
2X
4
2
4
6
8
6
3 tf
4
7
7
7
8
7
7
7
7
8
SX
7
7
8
5K
8
4H
7
7
5H
5
5
3
3
5
3
&
■4 '
5
'i *
3
nil
4
4
4
2
4
4
2
4
4
2
4
nil
4
4
4
9
10 A lOd
5
70 <
5
9
8
9
6
6
6
6
2^
6
2H
6
4
1
8
1
"2"
’ 4"
8
8
1
1906.
5
SX
6
4/
2*
6 A lie
1
l
7
6
3
4
7
7
7
8
& 1.63
7
nil
5
5
7#
7
6
3
4
7
7
8
■4 '
3
■4 '
5
7
4
7
4
■4 *
nil
__
__
3
3 Mi & 2d
4
4
—
*6_
6
8
8
7
7
9H & lOd 10 A lOd
5
5
3
5
5
3
4,48
4.52
6.30
6.35
4
4
4
2
4
nil
5
5
5
3
' 4'
4
6
4
7
5*
7
7
*8'
9
10 A lOd
5
5
5
4.48
6.30
2
4
5
3
:::
SX
nil
11
5
4
3
:::
5 J4
4
11
5
4H
3
:::
7X
7X
nil
2
3
5 >4
4
11
3
5
4
7 A 1 Xd
51
5
4.76
6.60
'lx
" 5'
5
■<r
6
■g*
3
10 A 4
8
4H
■5 "
3
10 A 4
8
2
‘ s'
4
10 A 4
8
2
6.40
6
o
10
6
4
6
1
2H
6H A It0
4
5
8 & 4r
5
6.34
nil
4
5
’ 5H
4
11
3
3
3
2X
2X
3
51
5
’ 5'
‘ 5’
3
3
7 A Md 7 &, Xd 7 A Xd
3
3
3M
nil
nil
nil
7
3H
5X
1X
7
6 A Id 6 H <Sc H o
nil
3
__
2H
9
9
8 >4
8X
4
3
nil
nil
1h
nil
1
3
3
3
12 A 2d
12
8
8
8
8
8
8
4 A 2d
4 8s 2d
4
4
10
10
10
10
5M
5H
3
5H
3
3
3
6
5H A D
6
6
12
12
10
10
8
7
7M
7
10
10
10
10
7
7
7
6K A ){(1
nil
nil
nil
nil
6 A 2d
6
4
4
5M
5
0
3 Mi
nil
nil
nil
nil
5
5
3
4
4
4
7
7
7
7
4
4
. . .
2 X stk.
3
3
3
6
5H
9
9 A Hd 9 A°Hd
5H
6
5
3
5
4
5
Ik
4
5H
4K
5M
4
11
2 (No. 1)
6
5X
4
11
5
5
IX
7H
2H
nil
7X
nil
31
5
?1 .50
5
9
4
1
nil
12
8 A Id
4 A 2d
9
4
2H
nil
12 A 6d
8 A 15z
6
3
iiH
8
10
7
2 A llu
0
2X
8
7
4
5H
nil
SX
nil
2X
7
7
9 <Sc Hd
5
5
■ 5*
■ 5*
10 A 4
8
10
8
6X
sx
3
7Xf>
10 & I X
8
DIVIDENDS ON RAILROAD STOCKS.— C o n c lu d e d .
Name of Company.
Dividend
Periods.
Norfolk]& Western common.
Preferred______ ______
Northern (N H) (leased).
Northern Central
Northern Paclflo___________
North Pennsylvania (leased).
Norwich & Worcester pref (leased)
Pennsylvania Railroad__________
Philadelphia Baltimore A W ash..
Phlla Germantown & Norris (lsed)
Plttsb Bess & L E com (leased)..
Preferred____________________
Pitts Cln Ohio & St L common__
Preferred _
Pitts Ft W & Ch gu & sp (leased).
Pittsburgh & Lake Erie_________
Plttsb Youngstown & Ashtabula.
Preferred____________________
Providence & Worcester (leased).
Railroad Securities common.........
Preferred______________
Reading Company common.
First preferred...................
Second preferred______________
Rich Fred & Pot com & dlv obllg.
Rock Island Co preferred.............
Rome Watertown & Ogd (leased).
Rutland preferred.........................
St Joseph & Gr Island 1st pref__
St Louis & San Fran 1st pref.
Second preferred____________
Chic & E 111 com trust ccrtfs__
Preferred trust certificates__
K C Ft S & M pref tr certfs___
St Louis Southwestern preferred..
Seaboard Company first pref___
Southern Pacific com m on...
Southern Railway preferred_____
Mobile & Ohio stock trust ctfs.
Texas Central common.
Preferred__________ „ ________
Toledo St Louis & Western p ref..
Union Paclflo common.
Preferred__________
V an dalla___________________ .
Vermont & Massachusetts (leased)
Vicksburg Shreve & Pacific co m ..
Preferred____________________
Western Maryland pref_________
West Jersey & Seashore...............
Wisconsin Central preferred___
Worcester Nashua & Rochester.
J
1901.
1902.
1903.
1904.
3
4
3
4
8 & Kd
2K
4
0
8
6
8
12
4
3
3
10
10
10
~i~
T
mmm
.. .
"i"
_
8
8
8
3
_
4
IK
4
4
4
5
4
5
nil
nil
4
4
~0~
3
2
4
4
nil
4
4
_
10
6
10
6
...
—
...
.. .
—
___
...
___
1
4
4
5
i
2M
7 HO
5
2K
2H
5
2H
5
...
—
4
4
6
2K
5
...
5
12
6
6
<7*
2K
4
4
4
4
nil
4
4
4
4
9r
nil
5
IK
nil
4
nil
0
4
5
nil
nil
4
4
nil
5
1H
nil
4
nil
10
6
10
6
4
4
_
5
4
5
5
6
3
5
a
4
4K
4
2
(5
2
5
6
nil
5
4
5
6
nil
5
‘ s'
T
'
o'
" o'm
T
'6 '
" 5'
-n r i
-5 K
~ o 'm
_5K
~ o 'h
10
10
10
7
7
10
nil
nil
4
6
4
4
0
nil
5
nil
nil
4
nil
4
9
nil
nil
1K
nil
4
nil
nil
10
6
10
6
4
4
nil
10
8
4
2(No.l)
nil
nil
6
4
5
2 >4
6
nil
4
nil
5
4
6
nil
4
nil
5
4
10
4
11
5
5
OH
4
4
5
5
4
2K
2H
5
4
5
5
4
5
7
4
4
4
4
9
4
3
6
6 HO
6 Mb
7
10 & 40d
8 HO
8 HO
6
nil
10
6
12
3
7
7
10
8
6
4
12
4
5
7
7
7
7
4
3
12
10
7
4
3
10
4
4
8 K&Kd
4
4
4
6
12
___
4
___
...
8
7m
4
5
7
po
P7
3 yi
4
5
3K
2K
5
8
6
10
4
8
8
8
6
3
7
7
5
5*
0
4*
8
8
6
7
4
3
1910.
8
8
7
12
1909.
8
7
10
7
7
10
8
8
6K
3
4
7
10
7
7
8
8
6
6
3
4
7
10
7
7
6
8
3
6
3
4
7
4
6
8
12
3
6
3
4
7
1908.
5
4
6
8n
4
12
1907.
*H
4
7
4
12
6
& J
6 &Hd
8
8
8
8
8
8
1906.
1*
8
7
BK
8
8
8
2
12
1905.
nil
4
nil
5
4
10
4
5
10
4
5
8
nil
nil
10
4
OHO
6
nil
5
3
5
4
5K
6
nil
5
~4~
1
5M
3
BK
„°,~SE,eclal d! ^ den£-,„ b ,Incre.a?e due to change In dividend period, c On Jan. 10 1905 paid 20% In common stock scrlD and o v in Atlantic r „ » ,t
B Company 4% certificates of Indebtedness, d The additional dividend was an extra payment. « 3% of this paid In Atlantic Coast Tln«
' L-eJis_ed
.1. 1907 at 4% . . a Leased from Oct. 1901 to Chic, Burl! &
i
io u o a il C i l i a
u iv iu c u u
u i iu i.io
iro m
s u r p lu s O l m o r m w e s t . l m n t
Co
n
A ls o
n n lrl In
Tan
1a m
1 0 1 / 0/
fn stock. 0 Two per cent extra declared on both stocks, but payment on guaranteed special stock has been withheld awMt*ng ?eeal dec?slon° 7
dividends on stocks of new company, r Also In Jan. 1907 paid 25% In dividend obligations, s The Jan. 1902 dividend of 2U % wasd eelared r
on Dec. 30 1901. and Is therefore Included In 1901. t Leased from March 1 1910 at a rental of 8 % per annum, dividends 1^1nedeclared as FniTnwi°
payable le b . 28 1910: special stock dividend of 70% . special cash dividend of 20% and an extra cash dividend of 5% u On Dee 22 1 1109
being for period from July 1 1903 to Jan. 1 1909.
v Additional dividend was paid In stock, to Additional dividends frnrn
9,?n ESJj}
* Extra from dividend received from Lehigh & Wilkes-Barre Coal stock owned, xAdditional dividend payable in sCTlp
Interest on land sales.
DIVIDENDS ON LEADING INDUSTRIAL STOCKS.
Name :of Company.
Dividend
1901.
1902.
Periods.
Q— M
4&4 d
4&4d
7
Q— F
3K
Q-F28
0&1 Hd
2K
A&015
6
6
Q—J
6
6
Q-M31 1 Incor. 1
Q-M31 J 1902 1
'in
Q— J Inc. Mch. 19 1901
Q—J
2
2
7
7
Q—J
J & J
6 &2d
6 &2d
11
8
Monthly
6
6
Q— J
3 ft 3 ) Incorpoi■ated June
Q—J
J &D
2
4
6
J &D
6
Q— J
Incorpora, ted Nov 19
2
M&N15
2K
Ofeld
Q—J
6&2d
Organize d In 1899
Q— F
Incorpora ted Mar
Q—J
Q— F Inc. May 13 1901
6
Q— F (No 1) 1
Adams Express_______ __________
Allls-Chalmers preferred________
Amalgamated C o p p e r__________
American Agricultural Chem pref.
American Beet Sugar preferred..
Amer. Brake Shoe & Fdry c o m ..
Preferred____________________
American Can preferred_________
American Car & Foundry com __
Preferred____________________
American Cement_______________
American Chicle common_______
Preferred....................................
Amer fnrrnd
Cities R y & Light common.
rrcicrrcu ________________ _
American Cotton OH common___
Preferred_______________
Amer Dlst Teleg of N J__
Amer Dlst Teleg of N Y __
American Express...............
American Hide & Leather pref__
American Ice Securities . .
Amer Light & Trac common
Preferred................ .......
American Locomotive com m on..
Preferred_________ .
8=5
American Malt Corp preferred__ M & N
American Radiator common_____ Q-M31
Preferred......................
Q-F15
Amerloan Shipbuilding common
Q— M
Preferred ______
Q-J15
Amer Smelters Sec pref A
Q— M
Preferred “ B” guaranteed_____ Q— M
Amer Smelting & Refining com
Q-J15
Preferred_________
"
Q—J
American Snuff common
O__J
Preferred.............. .
Q—J
American Steel Foundries__
0-F15
Amer Sugar Refining common
Q—J
Preferred.................................
(1)
American Telephone & Telegraph Q-J15
American Thread preferred______ J & J
American Tobacco common
Q__M
Preferred____________________
Q—J
American Type Founders com __ Q-J15
Preferred _______ _____________ Q-J15
American Woolen preferred______ Q-J15
American Writing Paper pref___ A & O
Anaconda Copper Mining
Q— J
Associated Merchants common__ Q-F28
First preferred__________
.
Q-J15
Second preferred.____________
0-J15
Barney & Smith Car com _____
Q— M
Preferred_________
Q__M
Bethlehem Steel Corp pref__
Q— F
Borden’s Condensed Milk common F&A15
Preferred__________
Q-M15
Brooklyn Rapid Transit
Q—J
Brooklyn Union Gas..............
Q—J
Bush Terminal common__
Preferred........................ ..
J & J
Butte Elec ft Power com m on..
Q—J
Q__p
Preferred___________ .
Q __ J f
Butterlck Company
Q__M
Calumet & Hecla Mining
Cambria Steel
Q-F15
(N oTi)l H
”7 ”
1903.
1904.
1005.
1906.
1907.
1908.
1909.
4&6 d
4&6d
1 If
9t
C
4&6d
mi
4K
4&6d
nil
Ofeld
C\ftOd
nil
Ofeld
4&4d
nil
4*8 d
nil
2
12
5
7
5
6 K & Kd
7
2
6
6
2
7
(N o.1)2 M
4
7
6 &2d
12
6
4
6
01
3M
2
6&2 d
29 1005
"ft"
O
74
7
Incorpora ted Mch. 31 1905..
I no. "April 4 1 8 9 9 ...
7*
7
onn
Tnp
Mph
LU• n
lllbi iU
IO 1ItfUU_
A
O
D
"7"
7
6&1 Hd
■7
7"
K
U
1
7
6 &2d
12
ft
D
10 1906
Incorpora ted Feb 10 ’99 I I I
7
7
74
(No. 1) 1
3
“7 “
7
6
8
1
74
7
7
1
1n
U
a
O
~7~
3
O
A
O
&
it
Jt,Ort
occZa
6
6
4
ry
7
K
0
nil
8 2-3f
n
0
12
6
1
6
0
/> r6c20aj
00
3
ItK
g
O
*3
K
4
0k
7
ry
7
"i"
ry
4
(N o'.T) 1
nil
r7y
2
ry
2
6
4
C8:5(1
nil
3
4
K
r;
w
A*
*
1Q U
1
ftn
3
a
A
1
AHA./IOs?
loUoc40a
3
6
5
7
ry
7
1
n
10
A
0
6
12 * 6d
6
"6"
7
8
4
4
2
12
till
III*
nil
6K
nil
5*
5 >5
8
5
7
8
5
7*
10 H
8
6
7
5
2
7
6
12 &6d
6
7
(No. 1) 1
2
12 * 6d
6
aw
6
6
5
5
•
4
6
4
2
12
2
12
alt
Till
nil
nil
nil
9*12 K<7 9K & lOy
6
3K
7
2K
4*2d
7
A3
7
nil
7
5
6 &2d
7
8
7
5
5
7
13
5
4
7
19
6
2
6
6
2
6
2
12
nil
6
6
4
7
5
3
7
3 *
4&2d
6 K & lK d
'8K
6*24
12 &6d
6
/J3&2d
7
7
6&1KKd
' ok
5
7
5
3
4&2d
r7y
~7~
W
lO&lOd
6
6
T *
2K
7
2
■7 “
6
nsolldated cos
\
4&3 )
4
4
ry
ry
74
4
7
ry
ry
74
4
7
^"
”4 "
"4 "
10&3d
's '
Inc. 1001
7
IK
7 &Hd
7&1 Kd
5
5% p. an. on Install,
5&Kd
18 % p. an. on Install.
6
6 &Kd
6
nil
nil
nil
nil
nil
ft
a
8
8
8
0
Incorpora ted Dec. 10 1004
3K
'1 Incorp./
8
8&1 Hd
8&2 d
8 &2d
j1A p r.’OOl
6
6
6
6
Incorpora ted "Feb. 10 1662
Incorpora ted In ’ 01
3
r;
K
1u
O
O
]L
Ot
A
rnr
ion?
llls .
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u
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7
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(Iss’d Ap r’02 3 M
"5 "
4
7
5
nil
7
4
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2K
5K
ry
7
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U
ft
0
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6&1 Md
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UBUlIU atlon In 1904 of A merlcan, J
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A
I!
,1
/Contlnen iai ana v/O
*8 "
6
6
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6
6
1910.
2
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6
6
nil
7
3K
8 & 2d
7
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0k
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7
20 * 4d
6
3K
7
7
"7 “
7
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7
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10&15d
5
10*22 Kd
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10&25d
5
10&30d
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r7y
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(*)
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6 &ld
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4
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4&2)
7
7
4
7
7
7
5 * Kd
6 * Kd
nil
4
nil
7 &2d
5 * Kd
6 * Kd
nil
nil
nil
7&2d
5&ld
6 &ld
nil
nil
nil
0
ry
19 K
7 &2d
5&ld
6 &ld
2
OOOOOff
6
8 &2d
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O
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280
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8
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6
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6
'nil
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2
3K
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260
3
8
6
*2
8
8
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____
5K
—
nil
3
5
80
3
8
6
1
8
8
6
3
6
____
5
6
5
2K
108
3
8
6
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6
2 (No. 1)
5
OH
5
3
110
OHO
DIVIDENDS ON LEADING INDUSTRIAL STOCKS.— C o n c l u d e d .
Name of Company.
Celluloid Company. ___________
Cent & So Am Telegraph-----------Chicago June Rys & Un Stk Y ds.
Preferred____________________
Clallln (H B) common__________
First preferred________________
Second preferred_____________
Dividend
1901.
Periods.
Q—J
6 Aid
Q—J
Q-J 8
o'
Q—J
8
Q—J
6
Q-J25 Inc. 1901
Q-J 15
8
Q— F
5
Q— F
6
1002 .
1903.
1904.
1905.
1906.
1907.
1908.
1909.
1910.
6 A2d
6 A 2d
6A2 d
6 A2d
6 A2d
6 A2d
6A2d
6A2 d
6
6
8
6
6
8
6
8
6
6A2 d
7 •
8
6
6
6
6
0
6
8
6
8
8
6
6
6
8
6
0
8
5
6
12 1905..
8
6
7H
8
5
6
17 1907
1905_____
H
8
5
6
Seml-ann
Feb. i4
Preferred____________________ Seml-an n
Q-M15
8
8
8
8H
Consolidated Gas of New York—
Q-J31
2
2
2
2 A2d
Q-J10
tlon In 19 06___ __
7
nil
7
Crucible Steel preferred— .........- Q-M31
5H
Q-J15
Incorpora ted Jan. 1903_____
Q-M15
10
10
10
10
4
Distillers’ Securities Corporation. 0-J31 Inc. Sept. 18 1902..
4
10
10
Eastman Kodak common______
10
2M
Q— J
6
Q—J
6
Preferred____________________
6
6
9HA1 d
Edison Electric 111, Boston--------- Q— F
10
10
10
Electric Boat com m on.................. Annual
Preferred---------- -------------------2
8
Q—J
Hlectrlc Storage Battery com ____ Q—J
5
5
5
3H
Preferred___________ _______ _ Q—J
5
9 Ho
5
5
Federal Mining A Smelting c o n i..
\ Incorp orated
\
4H
Preferred__ _________________ Q-M 15 JJune 25 1003
1
7
1H
Federal Sugar Refining pref_____ Q— F Inc. June 12 1902; re-lnc. Ma y 3 1907..
General Chemical common______ Q— M
4
4
5
nil
Preferred____________________
Q—J
6
6
6
6
General Electric common_______ Q-J15
9
8r
8
8
International Harvester com ____ Q-J15 1 Incorpor ated
4s
I
3s
Preferred____________________
\
Q— M I Aug. 12 1902
Q— M 1 Incorpor
29 1902.
Q— F
Preferred____________________
6
0
0
6
International Paper preferred____ Q—J
Q— M
1901 . . .
4
Q —J
At
nil
4 ~
International Silver pref________
4
2
4
3H
Intcrnat Steam Pump corn___ __ Q—J
6
Q— F
6
6
6
Preferred____________________
8
O— M
6
0
Kings County Elec Lt A Power—
7H
5
4
4
4
Laclede Gas co m m o n ................... Q-M15
5
5
5
5
Preferred..................................... J A D 15
cc 19 190.3
Q J
3
Preferred____________________
Q—J
10 A 5d
10 A 5d
Uergenthaler L inotyp e_________ Q-M30 10 A 3 Md 10 A 5d
10
10
10
10
Mexican Telegraph......................... Q-J15
Q-J15
4
4
"rational Biscuit common..........
4
4
7
7
5RPreferred ___________________ Q-F28
7
7
Q-J 15
National Carbon common______
7
7
Preferred------------ ------------------ Q- F 15
7
7
Q—J
4
Nat Enamel A Stpg com -----------4
4
Q-M31
Preferred____________ _______
7
7
7
7
National Fireproofing preferred.. Q-J 15
7
7
7
7
National Lead com m on................ Q - J
nil
nil
nil
nil
Preferred ..................................... Q-M15
7
7
7
7
National Sugar preferred............. Q—J
6
6
6
6
New Eng Telep & Teleg_________ Q-M 3 1
ft
ft
ft
6
New York Air Brake___________
Q—J
8
8
8
8
New York Dock preferred______ A AO 15
1
2
2
Nlles-Bement-Pond common___ Q-M20
6
7 A Id
8
7
Preferred____________________ Q-F15
6
0
6
6
North A m erican........................... Q—J
4
5
«tls Elevator common__________ A AO 15
2
2
Preferred____________________
Q-J 15
0 *
6
0
6
Pacific Coast common__________
Q— F
5
4
5
4H
fN1First preferred________________ Q— F
5
5
5
5
P* Second preferred______________ Q— F
4
5
5
4H
Pacific Gas A Electric preferred.. Q-F15 Incorpora ted Oct 11 1005___
Q-J 15 Consolldat Ion of De C. 31 1906
Pacific Telep A Teleg preferred__
7
Pennsylvania Steel preferred__ __ M A N
7
7
3H
6
6
People’s Gas Light & Coke (Chic). Q-F25
0
6
Philadelphia Company com m on.. Q— F
0
0
8
5H
5
5
Preferred____________________ M A S
5
5
7
7
7
Pittsburgh Coal preferred_______ Q-J 25
7u
Q— F
4
Pressed Steel Car common--------4
4 A Id
3
Q— F
7
7
7
Preferred____________________
7
12
Procter A Gamble common--------- Q-F15
12
12
12®
8
Preferred ------------------------------- Q-J 15
8
8
8
Pullman Company--------------------- Q-F15
8
8
8
8
Railway Steel Spring common__ A A O Incorpora ted Feb. 25 1902..
2
^ P re fe rre d ____________________ Q-M20
7
7
5H
Republic Iron A Steel preferred..
Q —J
7
7
7
nil
Royal Baking Powder com m on.. Q-M31
8
8
8
8
Preferred______ ____________ Q-M31
0
0
6
0
Rubber Goods Manufacturing com
nil
3
nil
nil
Preferred____________________ Q-M 15
7
7
7
7
Scars, Roebuck A Co common__ Q-F15 | Incorpor ated June 10 1906..
Preferred____________ _______
Q -J
Singer Manufacturing Co............... O-M.'ll
12
7
OH
31
Sloss-Shefflcld Steel A Iron c o m .. Q— M
7
7
Preferred____________________
7
7
Q—J
Incorp. Oct. 31 19 00 1
2
Standard Milling preferred______ A A O
45
44
48
30
Standard OH................................... Q-M 15
7
7
7
7
Swift A C om pan y......................... Q—J
Q-J 15
7
7
7
7
Union Bag A Paper preferred___
2
2
2
2
Union Ferry___________________ JAJ15
__
6
6
6
Union Typewriter common______ A A O
7
7
7
7
}>. First preferred_______________ A A O
8 A 8d
8
8
8
Second preferred_____________ A A O
Q-F15 1 Incorpor
20 1900..
Q—J
Preferred . . .........____________
Q— F i Incorpor ated Apr. 28 1906..
Preferred ..................................... Q— M
United Dry Goods Cos com m on.. Q— F \ Incorpor ated May 1009____
Preferred____________________ Q— M f
Q-J 15
United Fruit— ------- --------------8
0 A Id
0 A Id
7
Q-J 15
United Gas Improvement---------8
8
8
8
Q-J5
United Shoe Machinery common.
8
8
8
8
6
Preferred--------- ------------------6
0
Q-J ,r>
6
Q— M
U S Cast Iron Pipe A Fdy com__
Q— M
nil
4
Preferred....................................
4
4H
4
4
United States Express__________ MAN 15
3H
4
1
nil
nil
United States Rubber first pref__ Q-J 31
4H
Q-.J31 Issued In 1905_____
Q-J 15 1 Incorpor ated Jan. 10 1906..
Q-J 15
Preferred____________________
2
4
United States Steel Corp com ___ Q-M30
nil
3H
7
Preferred____________________ Q-F28
7
7
3H
4
Vlrglnla-Carollna Chemical c o m .. Q-F15
2H
nil
4H
8
Preferred____________________
Q-J 15
8
8
8
6 A 2d
0 A 3d
Wells, Fargo A Co______________
JAJ15
0
0 A 2d
2
2
Welsbach Co__ ______ _________
Ann
2
2
4
Western Telep A Teleg__________
F— A
2
4H
5
Western Union Telegraph_______ 0-J15
5
5
5
8 Hb
Wcstlnghouse Elec A M'fg pref__
7
7
10
Q—.T
Assenting stock_______________ Q—J
7 H6
7
10
6H
7
1H
6
3
8
5
7
6A25I
4
8
5
6
4
8
5
6
6
(No. 1)1 H
1 2-3
5
10H
8H
2 A2d
1
2
6
10
10
4
4H
10A9 Hd
10
6
10
6
10
2
8
8
5
5
6 A4d
7
12 p
nil
5
5
6 A lld
7
12 p
4
45
8
4s
6
8
i
6
6
4
4
nil
4
1
6
8
5
5
6
2
4
10 A 5d
10
4
7
3
7
1H
7
5H
nil
7
ft
ft
8
3H
8
2 A Hd
6
6
6
6
5
5
2
6
2
6
6
5H
5
5H
5
6
(N o .l) lH
7
6
7
5
6
5
nil
nil
7
6
5
3H
nil
7
12 A 25d
8
8
4
7
1H
12
8
8 A 361
nil
7
1
J
13
5 A 33 HO
7
2
1
7
IH
8
5
7
2
40
7
7
40
7
7
8
...............f
7
8
2
0
...............]
1
7
8
8
6
1
{
2
5
5
10
10
0
4
8A60I
4 &ld
5H
2
8
2
10
2
8
3
3
1H
7
6 A8 Hd
7
3
4
6
8
1 ---
5H
6
6
nil
5 H&ld
nil
0
6
6
8
4
6 A 40o
6
3H
3
6
6
5
6
nil
4H
7 '
0
6
5
nil
nil
7
12
8
8
1
7
7
11
5 8-336
7
3
40
7
4
2
6
7
8
7H
8
8 A Id
6
4
6 A2d
4 Aid
nil
3H
3H
nil
7
8
5
5
7
5H
1H
7
nil
ft
5H
lOAld
7
6
6
lOAld
6
2
3H
4
7
4
8
6
5
lOAld
4
o
8
nil
10 A20d
3
2
8
8
4
0 A 1 Hd
!H
10
10
0H
2
0
nil
8
5
10 A15d
4
4
7
7
7 A 7 %w 8 H & 6*0
8 A 2a
10
6
6
8
6
8
5H
lOAlOd
8
8
5
5
5
5
4
3
4
4
10 A 5d 10 A 5d
10 A 501
10
4 A Id
4 H A id
7
7
4
4
7
7
nil
nil
7
7
1
4 A Id
2
4H
7
7
6
6
5
5
10
l
i
8
6 A 2d
2
5H
6
0
nil
7
nil
6
4
6 A2d
8
8
8 A 250
6
4
7
5
8
5 If
7'
2
8
6
4
6
4H
6
4&ld
7 H A10n
5
6
2
10A27 Hd
6
11 A Hd
nil
6
4
4
nil
7
6
4
6
8
5A1O0
7
7
2 A Hd
8
3 A33 1-30
7
4 A27d
nil
4H
nil
nil
6 HA1 Hd
nil
8
6
5
4
4
10 A 5d
10 A 251
5H
7
4H
7
nil
7
nil
5
7
6
ft
nil
4
8
6
6
2
4
nil
4H
nil
6
6
8
t
5
4
10 A 5d
10
5 A Id
7
4
7
nil
8 H»
2
5
7
0
ft
nil
4 A Hd
6
0
nil
3
0
4H
5
4H
nil
0
6
6
3H
3
0
4H
5
4H
1 HA2O0
6
7
6H
6
7
0
0
5
nil
nil
7
12
8
8
3
7
1H
10
5
nil
nil
7
12
8
8
nil
7
3 H & 1*
10
0
4
0
1
7
7
4H
7 '
7
30
15
5 A Hd
4H
7
7
3 A Hd 3 A Hd
40
40
7
7
4
4
3
H
nil
nil
7
7
8
8
6
6
2
6
6H
5
4
10 A5d
10
0
7
6 A15d
7
nil
7
4
4H
7
6
7 H6
3
4
6
6
5
3
6
6 A3d
5
6 A3d
6
0
7
7
6 Aid
5
5
nil
7
12
8
8A201
nil
7
7A1 d
12
0
1
7
7
7
£
3H
7
3H
40
7
4
3
nil
7
8
6
0
0
7
7
7
8
7
8 A lOd
8
8
0
nil
3H
4
8
ft
8
10
8
10
2
10
10
6
5
6
8
2
2
C
5
2
4
7
2
7
7
nil
6
6
3
nil
/
1
2
3H
8 A lOd
8
10 A 100
6
nil
5H
5
8
7
2M
7
3
8
10
2
5
5
3
1 A 2 HI
nil
1 H A3 H I
nil
nil
.
8 AlOd
8 A 10J
12 A 100
6
nil
6
6
8
7
4 H& Hd
7
2H
8
100
2
5
3
7 A3 HX
nil
a The additional payment was a special dividend, 6 Increase due to change In dividend period, c An extra dividend of 200%. payable In collatcra1
trust bonds, was declared In June 1007. rfThe added amounts were extra dividends, e Decrease due to change In dividend period, g Payable In com
mon stock. /» Dividend of 1%, payable Dec. 2 1007, was deferred and paid In Jan. 1908. i Part payable quar. Jan. and part Jan. & July. ) Payable
In scrip, k Two dividends of 1% each were declared payable Apr. 1 and Oct. 1 1007, but were withheld and paid In June 1908. I Payable In stock,
m 2% of this on account of accrued dlv. n Declared, payable June 30 1910 (In addition to the regular quar.dlv.of 1 H % ).a payment of H% In cash and
10% In 3% scrip on account of deferred dlvs. o 6% of this on account of accrued dividends, p Being accumulation of dividends on old co.’s pref. stock,
r Also 00 2-3% In stock, paid July 15 1902. s Old stock, one class; divided In two classes In 1907. com. and pref. t Also paid In Jan. 1903 21 H % In
scrip for unpaid dividends to that date, u Of this 1 H% was payable In 0% Interest-bearing dividend scrip (paid off Nov. 25 1904). e Also an extra
dividend of 14 2-7% paid Jan. 2 1904. to On account of accumulated dlvs., balance of accumulations paid In 1907. x On account of accumulated
dlv. v Also paid Peb. 10 1910 an extra dlv. of $300 per sh. from accum. surp. z Paid 3% each June. Sept., and Dec. '10 on new stock of $60,000,000,
a stock dlv. of 100% having been declared from accum. surplus In June 1910, Increasing stock from $30,000,000; 10% was paid on old stock In Mch. 1910
RAILROAD COMPANIES,
JFOR MISCELLANEOUS COMPANIES, ETC., SEE PAGES 142 TO 169, INCLUSIVE.
E X P L A N A T O R Y .— This Supplement Is expressly Intended for use In connection with the Investment news and official reports published from week to
week In the “ Chronicle.” Frequent reference Is therefore made to the volume and page of the "Chronicle” (as V. 88, p. 000) where fuller Information
may be found. Following also each statement Is given a reference to the latest news Item In the "Chronicle” respecting the company. As every
such Item contains a reference to the last preceding Item, the reader can run back over the company’s history at pleasure. Annual reports are In
black-faced figures.
Index.— Any company not In regular alphabetical order may be found by means of the Index, on another page, to roads leased and consolidated.
Dividends.—The dividends tabulated In the text are those actually paid during the calendar years named, Irrespective of when earned; dividend Is fre
quently abbreviated "d lv .”
• ■ •
Net earnings are given after deducting operating expenses and frequently taxes, but not Interest, rentals or other fixed charges.
Securities.— These are described In table at head of page (except the stock, for lack of space, sometimes only In text below) as follows:
Miles of Road.— Opposite bonds, this means the miles of road owned covered by the mortgage.
Site or Par Value.— Shows (In dollars unless otherwise marked), the denominations or par value, "100, Ac. ” signifying $100 and larger.
Rate Per Cent.— The interest and dividend rate per annum Is here shown: g, gold: cur, currency: x, extra; s, stock or scrip.
When Payable.— J A J stands for January and July; F & A, February and August: M A S. March and September; A & O. April and October; M A N.
May and November; J A D, June and December; Q-J, quarterly from January; Q-F, quarterly from February; Q-M, quarterly from March.
Bonds Principal When Due, Etc.— This column shows the date when the bonds mature and the amount and date of the last dividend.
Abbreviations In table: M for “ mortgage” ; gen M for "general mortgage” ; con M or consol M for "consolidated mortgage” ; Inc M for “ Income mortgage” ;
g for "gold ” ; c or cur for "currency” ; guar p & 1 for "guaranteed principal and Interest” ; cum for “ cumulative” ; non-cum for "non-cumulatlve":
conv for "convertible Into stock at holders’ option” ; pref for "preferred” ; s f for “ sinking fund” ; 1gr for” land grant” ; r "fully registered (no coupons” ;
c “ coupon"; c* “ coupon, but may be registered as to principal” ; r* reg., convertible Into coupon bonds; br "branch” ; end “ endorsed” ; red, "redeem
able” ; dr’n or drawn, “ subject to call when drawn by lot” : P m, "per mile” ; as’d , "assumed” ; x, "payable without deduction for any tax.”
Mortgage Trustees and Stock Transfer Agents (TR Treasurer’s Office) are Indicated thus:
N Y C IT Y— {Concluded)
CHICAGO—
AC — Amer Trust A Sav Bk
FC — First Tr A Sav Bk
1C — Illinois Trust A Sav Bk
MC — Merchants’ Loan & Tr
BOSTON—
AB — American Trust
BB — Boston Safe Dep & Tr
IB — International Trust
NB — New England Trust
Eu — Equitable Trust
NC — Northern Trust
OB — Old Colony Trust
F — Farmers’ Loan A Trust
RC — Royal Trust
SB — State Trust
U — Guaranty Trust
BALTIMORE—
UC — Union Trust
K — Knickerbocker Trust
ST LOUIS—
BBa — Balt Trust
VVC— Western Trust A Sav Bk At St— Mississippi Valley Tr
Ma— Manhattan Trust
CoBa — Continental Trust
Me— Mercantile Tru^t
SSt — St Louis Union Trust
FBa — Fidelity Trust Co
Mp— Metropolitan Trust
SAN FRANCISCO—
LOUISVILLE—
N — New York Trust
MBa — Maryland Trust
CL — Columbia Finance A Tr CS — California Safe Deposit
MeBa— Mercantile Tr A Dep FL— Fidelity Tr & Safety V
S — Standard Trust
A Trust
SBa — Safe Dep A Trust Co L L — Louisville Trust
NEW YORK CITY—
Ba— Bankers’ Trust
Ca —Carnegie Trust
Ce — Central Trust
Ta
Un
— Trust Co of America
— Union Trust
Us — United States Trust
Usm — U S Mort A Trust Co
PHILADELPHIA—
FP — Fidelity Trust
(IP — Girard Trust
GuP— Guaranty Tr & S Dep
P IP — Provident Life ATr
PeP — Penn Co for Insur on
Lives A Gr Ann
WP — West End Tr & S D
PITTSBURGH—
CPi — Colonial Trust Co.
FPi — Fidelity Title A Trust
PPi — Pittsburgh Trust
UPi — Union Trust
Subscribers will confer a favor by giving immediate notice of any error discovered in these tables.
RAILROAD COMPANIES
IFor abbreviations, & c., see notes on first page]
Adirondack Ry— See Delaware & Hudson Co.
Akron & Barberton Belt— 1st M s f (text) g-Usm .c*Ar
Alabama Great Southern— Ordinary stock...................
Pref stock 6% $4,000,000_____ __________________
First M g ext In 1008 (V 85 p 1645, 1460)...........F.c
General mtge £1,160,000------------------------- — Ce.c
Car trust $50,000 due seml-ann gold.......................N
Do
$74,000 due 8 a gold (V 82, p 867)-----Do
Series E, due $50,000 s.-a. (V.88,p .1559)
Alabama Midland— See Atlantic Coast Line R R --------Ala N O Tex & Pac Jet— Preferred "A ” stock 6% cum.
“ A ” debenture redeemable after 1910 at 115---------c
“ B " debentures Income redeem after 1910 at 115. .c
” C” debentures Income subj to call any time at 100
Alabama Tennessee & Northern— 1st M gold (text). K
Alabama & Vicksburg— Stock (see text) — - - - - - -
Vicksburg A Meridian 1st M gold $1 ,000.000-F.xc*
Alabama A Vicksburg con 1st M $1,800,000 g--C e.c
2d M orte $700 000 pr (1st M on 8,297 acres).Ce.c
Albany & Northern— 1st M gold ($50,000 are p ref)--c
Albany & Susq— Stock dividends guar by D A H (end)
1st M $10,000,000 g gu p A I conv (text). Usm.c*Ar
Albany & Vermont— Stock 3% guaranteed by rental.
Alberta & Gt Wat— 1st M deb $7,400,000 g gu te x t..
Aleoma C & H Bay— 1st M g gu red 105 text.Usm.c*
Allegheny & Western— Stock ($3,500.000)---------. . . .
First M $2,500,000 gold guar p A 1 (end)------- G.c*
Allegheny Valley—See Pennsylvania RR.
_
Allentown Terminal— 1st M guar p A 1 (end) g . . Ce.xc*
Miles Date
Road Bonds
1902
...
1878
290 1888
. _ _ 1905
1906
__ 1909
--__
75
143
143
143
143
35
__
142
12
...
__
66
66
3
Par
Value
Rate
%
When
Payable
$1,000 $1,007,000 „ 4 g J
50 7,830,000 See text. See
50 3,380,350 6 In 1910 F
1,000
1,750 ,000 5 (6) g .1
£810,000
£100
s g .1
1,000
$400,000
4t* g F
1,000
814,000
M
850,000
1,000
4Ji J
Last Dividend Places Where Interest and
Dividends are Payable
and Maturity
A D June 1 1942
text Dec 3 0 ’ 10
U S Mtge A Tr Co. N Y
2 H See text----------------------
A A Feb 2 5 ’ l l 3%
do
Farm L A Tr, N Y; ABos
A J Dec 1 1027
A D Dec 1 1927
A A To Feb 1915
A N To May 1 1916
A J July’ ll-July 19
£10 £1,500,000 See text. March Mch '10, 2H %
£10 £2,500,000
1890
£50 Ac
£748,850
6 g M & N Nov 1 1910 40
1890
£20 &c £1,048,390
M A N Nov 1 1910-40
5g
1890
£20 Ac
£810,653
5 g A A O Nov 1 1940
1906
1,000
$662,000
5 g A A O Oct 1 1956
___
100
2,100,000 7 In 1910 Yearly Sept 2 1910 7%
1881
1,000
1,000,000
6 g A A o Apr 1 1921
1889
100 Ac
588,800
5 g A A o Apr 1 1921
1889
100 Ac
447,400
5 g A A o Apr 1 1921
1896
1,000
400,000
5 g .1 A J Jan 1 1946
____
100 3,500,000
12.45 J A J Jan ’ ll 7.95
1906 1,000 Ac See text
3H g A A o Apr 1 1946
___
100
600,000
3
M A N Nov 15 1910 H i
1909
1.000
7,400.0 0
5 g J A J Jan 1 1959
1910
£100 3,750,000
5 g J A D June 1 1960
___
100 3,200,000
6 g J A J Jan 3 1911
1898
1,000
2,000.000
4 g A A O Oct 1 1998
1889
1.000
450,000
4 g J A J July 1 1919
—
AKRON & BARBERTON BELT RR.— Owns a belt line around Barber
ton, O., and also extends to Falrlawn and Akron, O.; total, 40.2 miles. A
consolidation In May 1902; V. 74. p 1088. Stock, $100,000, owned equally
by the Cleveland Akron A Columbus, Balt, A Ohio. Frle R R . and Northern
Ohio R y. Bonds auth., $1,500,000; issued, $1,100,000; $93,000 redeemed
by sinking fund; $400,000 reserved for future requirements. Drawn at 105
yearly for sinking fund of $11,550 per annum.— (V. 78, p. 2598.)
ALABAMA GREAT SOUTHERN RR.— (See Map Southern Ry. )— Owns
Wauhatchle, Tenn., to Meridian, Miss.. 291 miles; leases Wauhatchle to
Chattanooga, 5 miles, and Belt. Ry. of Chattanooga, 49 miles; owns half
Interest In Woodstock A Blocton R y., 8 miles; trackage to Gadsden, Ala.,
8 miles; total operated, 358 miles.
ORGANIZATION.— Controlled by Southern Ry., but operated Inde
pendently. V. 81. p. 1722; V. 82, p. 159. Owns $833,300 stock of South
western Construction Co.received In exchange for $833,300 Cincinnati New
Orleans A Texas Pacific stock.
DIVIDENDS— ’01. ’ 02. ’03. ’04. ’05 to ’08. 1909. 1910.
1911
'Common stock_____ 0
0
0
0
0
June, 2 B elow ____
Pref. stock............... 9
9 10
9
6 yearly
6
6
Feb, 3
In 1910, June, 2% ; Dec., 2J^%. V . 91, p. 1628.
BONDS.— Gen. mtge. 6s, £484,000, will retire first 6s and debentures.
LATEST EARNINGS./ 1910..............Gross, $1,899,125; net, $574,455
5 mos., July 1 to Nov. 30.\1 9 0 9 ............Gross, 1,653,682; net, 481,520
ANNUAL REPORT.— Report for year ending June 30 1910 In V. 91,
p. 1156, showed:
Gross, $4,221,006: net. Including outside opera
tions, $1,181,361: other Income, $301,244; deductions, $554,033; balance
for stock, $928,572: pref. dlvs. (6% ), $202,821; com. dlv. (2% ), $156,600;
balance, surplus, $569,151.— (V. 89, p. 1276: V. 91, p. 1156, 1628).
ALABAMA NEW ORLEANS TEXAS & PACIFIC JUNCTION RAIL
W AYS (Ltd.). — An English co. controlling Ala. A Vicksburg, 143 miles;
Vicks. Shreveport & Pac., 189 m.; New Orleans & Nor. East., 196 miles.
DIVIDEND.— Pref. “ A” , 3 J4% Mch. 10 1908; 2 H% Mch. 1910; overdue
about 159 S-S%.
SECURITIES OWNED.— Alabama ft Vicksburg $30 000 1st mtge,
$352,400 2d mtge.. $141,100 consol, mortgage and $581,500 stock; Vicks
burg Shreveport A Pacific, $1,613,000 gen. mtge., $2,080,100 pref. and
$2,773,500 com. stock; New Orleans ft North Eastern, $5,195,000 gen.
mtge., $1,500,000 incomes and $5,320,000 stock: Southwestern Construc
tion Co., $448,700 stock; Railroad Lands Co.. $108 850 (of $120 000) stock.
COUPON PAID— For: ’ 94. ’ 95. ’ 96. '97. ’98. ’99. ’00. ’01. '02 t o ’ 09.
" A ” Debenture_______ %
5
5
5
5
5
5
5
5 5 % yearly
“ B” do
....................% .875 1
2>i 2% 4 H 5
5
5 5% yearly
"C ”
do
............... .%
........................... 1%
- - 2 % 5% yearly
EARNINGS.— In cal. year 1909, net from Investments was $178,995;
paid general expenses (£4,479), income tax (£11,029), Interest on “ A ” de
bentures (£35,414), on “ B” debentures 5% paid In Jan. 1910 (£49.580), on
“ C” debentures, 5% paid Dec. 1 1909 (£38,253): sink, fund to extinguish
debenture discount, £6,500; brought In from 1908, £6,546; dlv. pref. “ A ”
(2 M % ). £35,391; balance, surplus, £4,895.— (V. 90, p. 558.)
ALABAMA TENNESSEE & NORTHERN RR.— Owns Reform. Ala., on
Mobile & Ohio, to York, 75 miles, completed Dec. 1910. Stock author
ized, $10,000 per mile: outstanding, $550,000.
Of the bonds ($1,500,000 author. Issue), $232,000 were Issued against
the first 29 miles, $30,000 have been Issued for a steel bridge over t.hf
Tomblgbee River, $10,000 were Issued for a steel bridge over the Noxubee
River, remainder Issuable at the rate of $8,000 per mile for additional
Amount
Outstanding
Glyn, Mills,C A Co.Lond
Blair A Co N Y
Franklin Trust Co, N Y
Empire Trust Co, N.Y
London
Glyn. Mills C A Co, Lond
do
do
See text
Knickerbocker Tr Co,NY
Central Trust Co, N Y
do
do
do
do
do
do
Hambleton A Co, Balt
Del A Hudson Co, N Y
do
do
Troy, N Y
N Y, Montreal A London
A Iselln A Co, New York
do
do
New York and Phlla
mileage, but only when the net earnings on completed mileage for the pre
vious fiscal year are equivalent to Interest on bonds to be Issued In addition
to bonds outstanding, and $260,000 for equipment on the basis of 10-1 lths
of cost of equipment. V. 83, p. 1036. Guarantees Jointly with Tomblgbee
Valley RR. the Mobile Terminal ft Ry. 1st 6s ($500,000 auth. Issue), of
which $250,000 outstanding. V. 91, p. 716. For year ending June 30
1910, gross, $86,483, against $61,715 In 1908-09; net. $48,327, against
$33,095. For 5 mos. ending Nov. 30 1910, gross, $45,890, against $31,337
In 1909; net, $22,347, against $16,237.— V. 91, p. 716.
ALABAMA & VICKSBURG R Y.— Owns Vicksburg to Meridian, Miss.,
and branch. 143 miles. Controlled by Alabama NcwJOrleans Texas A
Pacific Junction Co., which sec.
STOCK.— Stock was Increased from $1,050,000 to $2,100,000IIn’ June
1910. the new stock being distributed as a 100% stock dividend. 3
DIVIDENDS.— 1890 to 1892, 3% yearly; 1896,3% ; 1897 to 1899, 5% ;
1900 to 1902, 6% yearly; 1903, 9% ; 1904 to 1910, 7% yearly.-SlStock
dividend 50% In 1900 and 100% In 1910.
i
BONDS.— $1,000,000 consols are held to retire Vicks A Meridian firsts.
EARNINGS.— 5 mos.,/1910.....................Gross, $753,211; net, $236,408
July 1 to Nov. 30.
11909___________ Gross, 698,725; net, 219,848
REPORT.— Fiscal year ends June 30. Report, V. 91, p. 1248.
Years—
Gross.
Net Inc. •lnt.,&c. Bal.,Sur.
Dividend.
1909-10..........$1,672,350 $562,465 $120,437 $442,028 (7%)$147,000
1908-09.......... 1,526,357 359,428
120,332
239,096
(7%)73,500
— (V. 89, p, 1222, 1594; V. 90, p. 1361; V.’ 91, p. 1159, 1248).
ALASKA NORTHERN RAILW AY.— Projected from Seward on south
coast of Alaska north to near Fairbanks, on Tanana River, 450 miles. Of
this, 70 miles from Seward north were In operation Sept. 1 1907. and 42 miles
partly constructed. Projected 30 miles to coal fields and 300 miles to
Idatarod gold fields. Successor to Alaska Cent. Ry., foreclosed Oct. t l
1909. V. 89, p. 1140, 1222; V. 87, p. 281. Stock auth., $30,000,000. Pres..
Oscar G. Labcree, Spokane, Wash.— V. 80, p. 1222.)
ALBANY & NORTHERN RY.—See page 169.
ALBANY & SUSQUEHANNA R R .— (See Map Delaware & Hudson.) —
ROAD.— Owns Albany to Binghamton, N. Y ., 142 miles.
LEASED for term of charter, viz., 150 years trom April 19 1851, to Del. A
Hudson Co.; rental was 9% per annum on stock (see guaranty, V. 56, p.
774), but the courts having held that the stock Is entitled to the benefit of
refunding effected In 1906, $120,750 additional rental will be paid In Jan.
yearly, beginning 1910, making 3.45% available for extra dividends on
the stock. A special dividend of 30% ($1,050,000) was paid Nov. 16 1909
from the proceeds of the Judgment for back rentals due by reason of re
funding. V. 89, p. 1141, 1666; V. 90, p. 913.
BONDS.— The $10,000,000 3 Hs Issued to refund the $10,000,000 6s and
7s April 1 1906 were In June 1905 olfered at par pro rata to stockholders of
the D. & II. The bonds are guar. p. A 1., and until April 1 1916 converti
ble Into D. & II. stock— $500 stock for 51,000 bonds. Of the bonds. $3,
555,000 had been converted to Jan. 1911. V. 80, p. 1174, 1302, 2343.
Form of guaranty, V. 82, p. 989.
Pres , Geo. P. Butler; Sec. and Treas., W .L. M. Phelps. New director*
(Oct. 1909), V. 89, p. 1068.— (V. 89, p. 1606; V. 90, p.913.)
ALBANY & VERAIONT RR.— Owns road from Albany to Waterford Jet.,
N. Y ., 12 miles. Leased to Rensselaer A Saratoga In ’ 360 ami now oper
ated by Delaware & Hudson Co Annual rental, $20,000
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RAILROAD COMPANIES
[For abbreviations, &c.t see notes on first page]
Alton Jacksonville & Peoria Ry— 1st M $800,000 gold
Amador Central— 1st M gold (2% s f begins 1913)___
Ann Arbor— First mtge $7,000,000 gold -_.M p.xc*
Equip bonds, ser A gold due $33,000 seml-ann__Ba
do ser B g due $30,000 s-a red 102 (V 92, p59)c
Argentine Central— 1st M red 1912 at 100----------------Arizona Eastern— Gila Vail G1 & N 1st M g gu------Mo
First refunding mortgage............................................
Arkansas Louisiana & tiulf— 1st H $6,000,000 g old..
Arkansas Okla & West— 1st M SI .250.000 g (text) 1Ism
Asheville & Spartanburg— See Southern R y., Carolina
Ashland Coal & Iron—Stock. ................ .......................
First refunding mortgage $400,000 gold_________ N
Astoria & Columbia— First mtge $8,000,000______Ce
Atchison & Eastern Bridge— 1st M g s f red at par_.Ce
Atch Top & Santa Fe Ry— Stock, com $250,000,000-
Stock pref $131,486,000 5% non-cum____________
Chicago & St Louis 1st M ($10,000 p m) cur___ F.c
Chicago Santa Fe St California 1st M gold--BB.c*&r
General mortgage gold (see text).............Un.c*<Ser
Adi Inc M cumulative since July 1 1900 g_Ce.c*&r
do do Interest stamped payable M Sc N ............
Eastern Oklahoma Dlv 1st M $9,603,000 g ..Q .c*& r
Transcont'lSLlstM $30,000,000gredll0Moxc*r&r*
Deb gold Ser I to L $2,500,000 each: call 105_G.c&r
Bonds 350,000,000 conv com stk red (text).G ,c*&r
Bds $43,686,000 g conv com stk red(text) Qxc* &r*
Gulf Beaumont <5: Kansas City 1st M gold__
da
do
2d M ($138,500 are 6s).
Atlanta Birm & Atl— Atl & BTty 1st M red 110-OB.C
Receiver's certificates, redeemable par___________
Atl Blrm Sc Atl 1st M $30,000,000 g red 106-.OB.C
Joint call tr notes gold extended 1910 red par.Ta.c
Eqnln bonds Ser B (V 85 p 39) due $86,000 S-a
Miles Date
Road Bonds
Par
Value
1905
13 1908
292 1895
1909
1911
1906
125 1894
$1,000
500
1,000
1,000
1,000
500 Sec
1,000
143 1907
1007
1,000
1,000
Dlv.
22 1900
81 1896
1898
142
440
8,341
8,341
8,341
480
694
141
372
19?
26 H
337
—
1885
1887
1805
1805
1895
1903
1908
1902
1905
1907
1909
1910
1898
1896
1892
1893
1893
1898
1904
1909
1906
1906
1908
1907
Amount
Outstanding
$200,000
300,000
7.000.000
561.000
600,000
200,000
1,499,000
7,000,000
See text
300,000
Rate
%
6
5
4
5
5
6
5
5
5
6
Last Dividend
and Maturity
g
M Sc s Mch 11937
M Sc N Nov 2 1938
<3— J
M Sc N
1919
J A J
J & J
1 1926
M Sc N Nov 1 1924
g
g
J
J
g
g
g
g
g
773,500 4 In 1910
300,000
4g
3,280,000
4g
518.000
1,000
4g
100 165,518,500 6 In 1910
100 114.173,730 5 In 1910
1,000
6 cur
1,500,000
1,000 Sec
560,000
5g
500 See 150,634,500
4g
500 Ac 19,668,500
4g
500 Ac 31,677.500
4g
9,603,000
1,000 Ac
4g
1.000 Ao 17,000.000
4g
6,102.000
1,000 Ac
4g
1,000 Sec 18.911,000
4g
1,000 Sec 15,523 000
5g
B,000 Sec 3.510,000
4g
1,000 Ac 27,753,000
4g
1 ,ooc
192,000
5g
1,000
6,000,000
5g
4,940,000
1,000
5K
613,000
5A6g
284,500
224,000
5”
1,000
4,090,000
1,000
5g
3,250,000
5
1,000
1,000 14,185,000
5g
6,239,200
1,000 Ac
5g
666,000
5
1,000
5
1.000 1,118,000
50
1,000
When
Payable
Sc
Sc
J
J
1 1947
Places Where Interest a n d
Dividends are Payable
New York & St Louis
Union Tr Co. San Fran
Metropolitan Tr Co, N Y
Bankers’ Tr Co. N Y
Ith Nat Bk, N Y & Denv
So Pac Co 120 Bway N Y
N Y Mort Tr & Col Sprg
U S Mtge & Tr Co. N Y
Check from Co’s office
<3— M
M Sc N
New York Trust Co, N Y
F Sc A
Central Trust Co, N Y
J Sc J
Checks mailed from N Y
(J— M
do
do
F Sc A Feb 1 1911 2 h
5 Nassau Street, N Y
M Sc S
do
do
J Sc J
do
do
A Sc o
do
do
July 1 1995
Nov
do
M Sc N July 1 1995
do
do
M Sc S Mch 11928
do
J A J July 1 1958
do
do
F Sc A Feb 1 1912 1914
do
do
J Sc D J u n el1955
do
do
J Sc. D June 1 1917
do
do
J Sc D June 1 1955
do
do
J Sc D June 1 1960
do
do
J Sc J Jan 1 1928
do
do
A Sc O Oct 1 1940
do
do
M Sc s Sep 1 1942
Mercantile Trust Co, NY
A Aug 1 1913
F
F Sc A Aug 1 1913
A St O Apr 1 1928
Central Trust Co, N Y
J Sc J Jan 1 1934
Old Colony Trust Co,Bos.
J Sc J July 1 1911
Farmers’ L & Tr Co, N Y
J Sc J Jan 1 1936
Jan 1009 coupon not paid
M Sc N May 1 1012
Nov 1910 coupon paid
M Sc N Nov ’ ll-N o v ’ 16 Nov 191* ooupon paid
J Sc J July’ l l July ’ 17 Jan 1911 coupon paid
par, $100. Bonds are limited to $1,250,000 at $10,000 per mile. V. 86,
p. 107. For year ending June 30 1910, gross, $42,565; net after taxes,
$18,077; lnt. on bonds, $18,000; bal„ sur., $77. Pres., W. R. Felker;
V.-P. A Gen. Mgr., Geo. D. Locke; V.-P., A. L. Williams; Seo. Sc Treas.,
J. E. Felker. Office, Rogers, Ark.— (V. 90, p. 235.)
ASTORIA & COLUMBIA RIVER RR.— Goble to Seaside, Ore., 79 m.;
branch.VVarrenton to New Astoria. 2 m.; trackage, Goble to Portland,40 m.;
total, 121 miles. Stock, $1,619,000; par $100. In 1907 acquired by Great
Northern and Northern Pacific. V. 84. p. 867
Year ending June 30 1910,
gross, $767,987; net, $279,211; other Ino., $1,768; rents, hire of equlpt., Ac..
$58,879; bal„ sur., $222,100. Pres., John F. Stevens.— (V. 8$, p. 164*.)
ATCHISON & EASTERN BRIDGE.— Owns railroad and wagon bridge
at Atchison, Kan., connecting with the union station. Used by the Aten.
Top. & Santa Fe, the Chic. R. I. & P.. the Mo. Pac. and the Chic. Burl. &
Quincy
A reorganization of the Chic. Sc Atch. Bridge Co. foreclosed Mch *
1898, per plan V. 65, p. 366. Stock, $700,000: par, $100 per share. Prea.
and Treas., H. P. Eells, Cleveland. O.— (V. 67, p. 578.)
(THE) ATCHISON TOPEKA & SANTA FE R Y.— (S e e Map.)— The sys
tem operated July 1 1910 comprised 9,961 miles of railroad aad embraced
an unbroken line of track from Chicago, 111., via Kansas City, Mo., and A1
buquerque, N. M., to the Pacific Ocean; also to Galveston. Tex., and ths
Gulf of Mexico. For operating purposes the 9,961 m. are divided as follows:
Miles.
Miles.
Atchison Topeka Sc S. F___ 7,439.64 Pecos River R R .....................
54.26
20.21 Santa Fe Pres. Sc Phoenix.. 257.40
Rio Grande & El Paso______
Gulf Colorado & Santa F e_.1,518.18 Southern Kan. Ry. of Texas 124.92
Eastern Ry. of New Mexico. 225.21 Texas Sc Gulf R y __________
96.14
Pecos Sc Nor. Texas R y___ 225.29
This Is exclusive of 211.78 miles of new lines completed «w» last-named
date, of which 88.57 miles ready for operation July 1 1910. Also controls
through ownership of securities, or owns Jointly with other roads. 826.25 m.
Cut-off Texlco, N. M., to Brownwood, Tex., 300 miles, with branches,
total about 500 miles, under construction. V. 89. p. 223.
In 1900 acquired control of Gulf Beaumont A Kansas City and Gulf Beau
mont Sc Great Northern, which are leased. V. 76, p. 751; V. 77, p. 1224.
Leases Cane Belt R R ., 105 miles (entire stock owned). V. 85, p. 598.
The stockholders on Oct. 27 1910 ratified the purchase of the Concha
San Saba & Llano Valley, Kings River Gulf & Inter-State Ry. of Texas,
Texas & Gulf and Fullerton & Richfield, also the lease of the last-named
and the Arizona & California. V. 91, p. 588.
ORGANIZATION.—This company was organized on Dec. 12 1895 under
the general laws of Kansas by the purchasers at foreclosure sale of the
property and franchises of the Atch. Top. & S. Fe RR. Co. V. 60, p. 698.
The railway company in July 1910 owned In fee 6,694.11 miles of system,
and also all, or nearly all, the bonds and stocks of the various companies In
which the title to the other lines Is vested. V. 68. p. 974. A list of such
holdings Is In the general mortgage (In V. 62, p. 732, 733) and successive
annual reports. See V. 69. p. 1300: V. 71. p.27.
San Francisco & San Joaquin Valley Ry. was merged April 1901
Has a Joint Interest with the Southern Pacific In the Northwestern Pacific.
STOCK.— The pref. stock has preference as to assets and non-cumulatlve
dividends not exceeding 5 % per ann., as declared by the board of directors
out of net profits. No other mtge. and no Increase In the pref. stock can be
made without consent of majority of all pref. outstanding and of all com.
stock represented at a meeting. The total auth. amount of pref. Is $131.
486,000, of which $10,800,000 reserved to acquire other lines; also $6,486,
470 In special trust for Improvements, extensions, Ac. Pref. stock certifi
cates In "Supplement” of April 1897, p. 3.
Stockholders voted Jan. 30 1907 to Increase the auth. com. stock from
$152,000,000 to $250,000,000 and also not exceeding $98,000,000 bonds, to
be convertible Into com. stock. V. 88, p. 1001. See BONDS below.
1911.
DIVIDEND.— ’99. ’ 00. ’ 01. '02-'05. ’06. ’ 07. ’08. ’09. '10.
6 5
5H a
M ch.,lM
On common (% ). 0
0
3H 4 yearly 4
5 yearly 5
5 5
5
5
Feb.. 2K
On preferred (% ). 2 M 4
5
BONDS.— The Gen. Mort. (Abslract V. 62. p. 731-739; see also V. 68,
p .9 /4 ; V.86, o 1098) gives a lion, either by direct mortgage or by collateral
trust, on 8,340.55 in. of the system, together with all the equipment and
terminals owned by the eomnanv and future acquisitions.
General Mortgage 4s—Amounts Reserved.________ In 1895.
In 1910.
Balance, surplus_________________
$84,294
$18,091
$55,385 To retire guar, fund notes paid and car trust*___ $15,500,000 $2,339,383
604,960
■ Directors Dec. 1910, V. 91, p. 1710. Pres., Joseph Ramsey Jr.; Sec., Non-assenting bonds from reorganization of 1889 . . 1,500,000
1.500,000 1,500,009
H. B. Blanchard.— (V. 91, p. 1383, 1511, 1710, 1765; V. 92, p. 59. 116.) Chicago & St. Louis 1st mtge. 6|s------------------------For Improvements, terminals, second track, Ao— 30,000,000 1,852,102
M ARGENTINE CENTRAL R Y.— See page 169.
For acquisition of Atlantic Sc Pacific and other lines 20 .non ,000
6,731,654
ARIZONA EASTERN RR.— Owns Maricopa to Hassayampa, Ariz., about
The Adjustment Mortgage (Abstract. V. 62, p. 739) Is to the Central Trust
74 miles; Bowie to Globe, 125 m.; Cochise to Pearce, about 35 m.; Tempe to Co. as trustee. Interest Is payable only out of net earnings up to 4 % In each
Mese, 8 m.; total, 267 miles. A consolidation Jan. 31 1910 of lines In year, cumulative since July 1 1900. Present Issue Is limited to $51,728,000,
Arizona controlled by the Southern Pacific Co., Including Glia Valley Globe but when the $30,000,000 general 4s authorized for Improvements as above
Sc Northern. Ac. V. 90, p. 446. Stock authorized, $40,000,000, of have been Issued, $20,000,000 additional adjustment 4s may be Issued for
which $9,000,000 outstanding June 30 1910, all owned by Southern Pacific the same purpose at not exceeding $2,000,000 In any one year, but only by
Co., along with the $7,000,000 outstanding 1st ref. 5s.— V. 90, p. 446.)
a majority vote of the adjustment bondholders, interest— In Nov. 1897
ARKANSAS LOUISIANA** GULF RY.— Monroe to Hamburg, La., and paid 3 %; since, full 4 % yearly
Eastern Oklahoma division 4s of 1903. V. 76. p 434; V. 79, p. 1331:
Crossett, Ark., 61
miles, was operated Sept. 1909. Extension from Pine
Bluff to Dc Vails Bluffs Is proposed. Stock auth., $3,000,000; out Sept. 1909 V. 84, p. 1549; V. 85, p. 598; V. 86, p. 980, 1041.
The Trans continental Short Line" first gold 4s of 1908 are limited
*|-t240.000. Bonds ($6,000,000 auth. Issue), Colorado Title & Trust Co.
of Colorado Springs, Col., trustee; $2,860,000 were subscribed for on ac to $30,000,000 authorized Issue. The $17,000,000 sold In Aug. 1908
count of 143 miles under construction. V. 86, p. 106. Pres., Alfred cover 766.21 miles In operation, comprising the line from Amarillo, Tex.,
Chicago; v .-P . and Treas., Wm. A. Otis; Sec. and Asst. Treas., to Pecos. Tex., 376.52 miles. Clovis, N. M., to Rio Puerco, 255.81 miles,
(completed In 1908); the Pecos Valley Sc Northeast., Cameo, N. M., to Texas
O. E. Titus, Colorado Springs, Col.— (V. 86. p. 106.)
State Line, 208 m., and branches aggregating 133.88 m. The remaining
ARKANSAS MIDLAND RR.— See St. Louis Iron Mtn. & Southern.
$13,000,000 can be Issued at $25,000 per mile. V. 87, p. 479, 878.
_ ARKANSAS OKLAHOMA & WESTERN RR.— Rogers to Slloam
The debenture 4s of 1902 are paid off $2,500,000 yearly from treasury
springs, 30 miles, and Rogers to Monte Ne, 6 miles. Acquired In Dec. 1910 cash. See V. 74, p. 150, 204; V. 75, p. 680; V. 77, p. 2338.
,
^Ity * Memphis R y., Incorporated In Arkansas with $6,
The 4s of 1905 ($50,000,000 auth. Issue) are convertible Into com. stock
000,000 auth. stock, to build from the Missouri boundary.llne to Hopefield, at par between June 1 1906 and June 1 1018. V. 79, p. 2695; V. 80, p. 649;
Ark., opposite Memphis, Tenn., about 350 miles.
V. 81, p. 1174; V. 82, p. 391, 867. The $26,056,000 Issued In 1907 are con
Stocky authorized, $3,000,000- outstanding Sept. 1910, $720,000; vertible at par to June 1 1913. V. 84, p. 1051, 1112; V. 85. p. 97, 283, 529.
ALBERTA & OREAT W ATERW AYS R Y.— Projected from Edmonton,
Alberta, Canada, northeasterly about 350 miles. In Nov. 1909 $7,400,000
1st M. deb. 5s guar. p. Sc 1. by the Province of Alberta, were sold In London,
but in Dec. 1910 the Province formally canceled the agreement and will use
4 e proceeds for general purposes and not construct the road. V. 91, p.
1 710. Standard Trust Co. of Winnipeg, trustee.— (V. 91, p. 213, 1710.)
ALdOMA CENTRAL & HUDSON BAY R Y.— Owns from Sault Sto.“ » S rle, Ont., to Panglssln, 70 miles; branch to Helen Mine, 12 m. Being ex
tended to a connection with the Can. Pac. Ry. so as to run from Sault
Sto. Marla to near Hebron, Ont., 203 m., with branches, 22 m.; total,
225 miles. Cash subsidy, $6,400 per mile. Land grant, about 1,655,000
acres. Stock, common, $5,000,000, all owned by Lake Superior Corp., which
guarantees the 5% bonds (see table above), to be Issued at $30,000 per mile,
and holds $1,125,000 ofthe$5,000,0005% non-cumulatlve pref. stock for the
benefit of the road. In June 1910 £770,000 bonds were ollered In London,
and In Oct. 1910 $1,000,000 In Paris. V. 91, p. 93, 1159, 1327, 1573.
Pres., T . I . Drummond, Montreal, Que.: Sec. and Treas., Thomas Gibson,
Toronto, Ont.— (V. 91. p. 1159, 1327, 1511, 15 7 3 .)....................................
ALLEGHENY & WESTERN R Y .— (See Map Bun. Roch. & Pf«s-) —
Punxsntawncy to Butler, Pa.. 60 miles; branch, New Castle, Pa., to Cement
Works. 6 m.; total, 66 miles. An extension of Buffalo Rochester & Pitts
burgh, to which leased In perpetuity for guaranty of bonds and 6 % on stock.
Uses Balt. & Ohio from Butler to New Castle and Pittsburgh under a track
age arrangement, making In all 147 m. See V. 70, p. 849.— (V. 82, p. 691.)
ALLENTOWN RR.— Topton to Kutztown, Pa., 4M m.; Reading system.
STOCK.— $1,268,884 (par $50), Including $1,071,400 pledged under
Reading Co. general mortgage. No bonds.
ALLENTOWN TERMINAL RR.— Owns 3H miles of railroad In Allen
town. Pa., connecting the East Penn. (Phlla. Sc Reading) with the Cent, of
N. J. Lees eel for 999 years to Phlla. Sc Read, and Cent, of N. J. (by assign
ment from Lehigh Coal 6s Navigation Co.) at Interest on bonds and 5 % on
$450 000 stock (par $50), bonds being guaranteed, principal and Interest,
by Phil. St Read. RR. Co. (foreclosed) and Lehigh Coal Sc Navigation.
ALTON JACKSONVILLE & PEORIA RY.— Projected from Alton to
Jacksonville, 111., 65 miles, of which Alton to Godfrey. 6m.,completed In
April 190$, and balance partly constructed. Stock auth., $800,000; out
standing, $300,000; par $100. Bonds ($800,000 auth. Issue), Mercantile
Trust Co.. St. Louis, trustee. See table above. Pres., Aaron O. Auten.
Jerseyvllle, 111.; Treas., A. W. Cross: Sec.. June M. Rhoads. Jerseyvllle, III.
AMADOR CENTRAL RR.— lone to Martell. Cal., 13 m. Stock, $400,000;
par, $100. Union Trust Co., San Francisco, Is mortgage trustee. V. 88,
p. 156. Pres., Charles Erickson, Martell. Cal.— (V. 88, p.156.)
ANN ARBOR RR.— (See Map Detroit Toledo & ironton.)— Owns for
passenger trains road from Toledo, O., to Frankfort, on Lake Michigan, 292
miles; trackage, Toledo to Alexis, 9 miles; operates car ferries between
Frankfort, Mich., Kewaunee and Manitowoc, Wls., and Menominee and
Manlstlque, Mich. Wabash uses Toledo terminals.
Manlstlque & Lake Superior, Manlstlque. Mich., to Shlngleton, 40 miles,
with branch to McNeils, 13 m.. Is owned by friendly Interests. V. 89, p. 468.
STOCK, &C.— Common, $3,250,000; pref., $4,000,000; 5% non-cum.
par $100. Pref. stock cert., "Supplement” Oct. 30 1897, p. 3.
The Ann Arbor Co. was Incorporated Jan. 5 1911 as a holding company
With $7,250,000 auth. stock, of which $4,000,000 pref. and $3,250,000
oommon (par $100), the Stock to be offered share for share for the Ann
Arbor R R . stock (lncl. the $3,001,000 common and $2,190,000 pref. bid In
at auction by the Ramsey committee Nov. 25 1910. V. 92, p. 59. 116 .
Other equipment bonds and notes than Series A, June 30 1910, $150,107.
EARNINGS.— 5 mos..J1910..................Gross, $839,656; net. $297,810
July 1 to Nov. 30. (1909..................Gross, 773,892: net, 266,911
ANNUAL REPORT for 1909-10 was In V. 91, p. 1383.
Year ending June 30—
1909-10.
1908-09.
1907-08.
Gross earnings.....................- ................$1,856,160
$1,708,481 $1,882,782
Net after taxes....................................
409,424
390,450
370,760
Net Income_______________________
482,199
491,938
468,880
Deduct— Interest, hire of equip.. &C391,908
469,694
408,483
Betterments______________________
5,997
4,153
5,012
RAILROAD COMPANIES
[For abbreviations, &c., see notes on first page]
Miles Date
Road Bonds
Par
Value
Amount
Outstanding
Rate
%
When
Payable
Atlanta Birmingham & Atlantic RR. (Concluded) —
__ 1907
Georgia Terminal Co 1st M $4 000,000 g gu p A 1. OB
$3,000,000
5g J
__ 1007
Alabama Term’l RR IstM $4,000,000 g gu p A I.OB
2.445,000
5g J
263
Atlanta & Charlotte— Stock (see text) - ............ ............
1,700,000 7 In 1010 M
$100
Atlanta Knoxville & Northern Ry— See Louisville & N ashvll le
Atlanta & St Andrews Bay— 1st M $1,000,000 g r e d ..
A
85 1908
425.000
1,000
6g
2d M ($1,000,J00 au th )...............................................
425.000
5
85 1908
Atlanta Terminal— First mtge $1,500,000 gold.S,c*&r
3.3 1903
4g J
1,000 1,500.000
Atlanta & West Point— Stock $2,500,000 auth______
86
100 2.464.000 6 in 1910 J
Atlantic City— First Mtge $2,200,000 gold..Q uP .xc*
83 1889
1,000 2,200,000
5 g Al
Atlantic City purchase money real estate m tge.. GP
75,000
1900
414 A
1 000
Sea Coast prior lien mortgage gold_____________ .
350,000
66 1898
5g A
1st cons M $4,500,000 g g o i - - .......................- GP
1,850,000
All
4g J
1901
1,000
Atlantic Coast Line Co, (Conn.)— Stock $30,000.000..
100 17.640,000 10 in TO y
Certs of lndebt Inc non-cum $5,000,000_____SBa.r.
5 cur J
1897
100 &C 5.000,000
4
3.000.000
do
do
redeemable at par since 1910_______
J
1905
100 Ac
Atlantic Coast Line RR— Stock common (text)_____
100 56,964,400 6 In 1910 J
Class " A ” com stock tax exempt (Rich A Pet certs)
1,000,000 6 In 1910 J
100
Pieferred stock 5 % ________________ .
100
198,500 5 In 1910 Al
Coll tr M gold secured by L A N stk red 105__c*8cr
M
1002 1,000 &c 35,000,000
4g
Unified mortgage gold $200,000,000 authorized___ 4.145 1909
15,009,000
4g J
Conv debs $23,562,500 red 105 after May T6.SBar
M
1909
100 Ac 10.346,000
4
Wash & Van 1st M $1,500,000 g gu p & l-.SBa.c*
720,000
1,000
40 1907
4)4 g F
Winst-SalemSo’ bd IstM $5,000,000ggu.Us.xc*&r*
1,000 See text
90 1910
4 g .1
Equip trust bonds gold $225.000 due s -a ___ SBa c*
1907
1,000
2,925,000
4 g Al
Bonds to Be Refunded by Unified 4s
First consol M $51,326,000 gold (text)..F.c*& r* 3.945 1902 1,000 &c 51.326,000
4 g Af
Certllleates of Indebtedness (n e w )________________
Al
1902
100 &c
4
232,900
North East (S C) cons M gold Flor to Charleston. . . c
102 1883
1.000
657,000
0 tr J
696 1898
Atlantic C L of S C gen 1st M (1st on 594 m )g.S Bac*
1,000
5,547,000
.1
4 g
Petersburg M class A g o ld ___________ ____________
1.000
68 1881
868,000
J
5 g
1,000
do
do
class B gold (Petersburg to Weldon).
68 1881
800,000
V
« g
Richmond A Petersburg llrst mtge ($24,500 are 7s).
500 Ac
22 1875
340 .500 6 & 7 Al
Consol M g (Richmond to Petersburg, e tc)___ Cc.c*
1,000
300 .000
27 1890
4 14 g A
Wtlm & Weldon gen M ($938,000 are 4s) g . . SBa.c*
1,000
4,000,000 1 g A 5 g .)
479 1885
1,000
106.000
F
Wilmington & New Bern 1st M gold assumed .SBa
90 1897
4g
1,000
\
Nor & Car 1st M gold (P Pt Va to Tar N C)__ Cc.c*
110 1889
1,320.000
5g
1,000
400,000
1896
110
Second mortgage g o ld ......... ........ .......... SBa.c*
5g J
1,000
Sav Fla A W 1st M g ($2,444,000 are 5s). .Mp.c*&r
547 1884
6,500,000 5 g * 6 g A
1,000
Charleston A Savannah gen mtge gold------- SBa.c*
111 1886
1,500,000
7 g .1
1 407,000
500 Ac
4 cr J
160 1 8 8 8
Bruns* W 1st M (Brunswick to Albany) g gu. Mp.c
Stockholders were offered In 1009 the right to subscribe tor $28,258,000
convertible 4 % bonds at 104, Dayable one-fourth each at time of subscrip
tion, Feb. 2 to Feb. 4, Aug. 2 to 4 1910 and Feb. 7 to 9 1911; they are con
vertible Into common stock at par to June 1 1918. V. 88 , p. 1435, 1559.
Stockholders were offered Apr. 1910 right to subscribe for $43,686,000
4 % bonds at 102)4, payable 32)4% between June 1 and 3 1910 and
35% each between Dec. 6 and 8 1910 and between June 6 and 8 1911, or
optionally In full at any time; they are convertible Into com. stock at par
on and after June 1 1913, but prior to June 1 1923. In July 1910 $41,668,
633 had been paid In on two last-named Issues. V. 90, p. 913, 1043, 1612.
The several Issues of debentures must be secured by any future mtge.
covering the lines owned at the time the debenture Issue was made, and may
be called at 110 on any Interest day, but when called may be converted
Into stock provided the time for conversion has not expired.
LATEST EARNINGS.— / 1010___ Gross, $46,074,213; net, $ 17,271,005
5 mos., July 1 to Nov. 30.11909-- .Gross, 44,507,765; net. 10,953,259
Balance after taxes for 5 mos. of 1910, $15,826,219, against $15,454,670.
REPORT.— Annual meeting fourth Thursday In October. Report for
year 1910 was given In V. 91, p. 939, 949; see also page 914.
1909-10.
1908-09.
1907-08.
9,916
9,795
9,41o
Average miles operated........ ..............
Operating revenues________
$104,993,195 $94,265,717 $90,617,796
Operating expenses_________________ 69,701,820 57,495,195 60,823,903
T ax es.....................
4,006,419
3,015,219 3,244,590
Operating Income...................
Other Income______________
.$31,224,956 $33,755,303 $26,549,237
671.910
1,158,375
. 2,550,055
Total Income______________
Interest on bonds____ _______
Hire of equipment, rentals, &cOlvldends on pref. stock (5%) Dividends on common stock----Additions and betterments-----
.$33,775,011 $34,913,678 $27,221,147
.$11,984,151 $13,548,082 $12,579,302
1.105.835
1,044,337
. 2,068,294
5,708,690
5,708,690
. 5,708,690
(6)9,648,030 (5)5.152,5501 5)4)5602007
340,332
. 4,000,000
9,000,000
Balance, su rp lu ...............................
$365,846
$398,521 $1,885,879
.OFFICERS.— Chairman of Executive Comm., Walker D. Hines: E. P.
Ripley, President; D. L. Gallup, Comp.; C. K. Cooper, Asst. Treas.
Directors.— Charles Steele, Edward J. Berwlnd, Paul Morton, H. Rleman Duval, Thomas P. Fowler, Walker D. Hines, N. Y .; T. De WIttCuyler.
Phlla.; John G. McCullough, Vermont; B. P. Cheney, Boston: Edward P.
Ripley, Byron L. Smith, Chicago; Andrew C. Jobes, Wichita; Ilowel Jones,
Charles S. Gleed, Topeka; H. C. Frick, Pittsburgh.
Office, 5 Nassau St., N. Y .— (V. 91, p. 939, 949. 1024, 1159.)
ATLANTA BIRMINGHAM & ATLANTIC RR.— (.See M ap.)— Brunswick,
Ga., to Birmingham, Ala., 453 miles; Sessoms to Waycross, Ga., 26 m.;
Fitzgerald to Thomasvllle, Ga., 81 m.; Atlanta to Manchester, 75 m.;
Pyrlton to Ashland, 7 m.; leases Georgia Terminal Co., In Atlanta, 2 m.:
trackage In Atlanta. 2 m.; total, 659 miles. (V. 84, p. 1426; V. 80, p. 115.)
The Georgia q’ermlnal Co. and the Alabama Terminal RR., having
$1,500,000 and $3,000,000 stock, respectively, all owned by the railroad,
will provide terminals at Atlanta and Birmingham, respectively; they were
leased for 99 years, their bonds being guaranteed, prln. A hit.: also 5%
on stock; V. 84, p. 1426; V. 85, p 1204: V. 88 , p. 156, 227. Atlantic Gulf
A West Indies SS. Co. (Clyde SS. Co.) operates between N. Y. and Bruns
wick. V. 91, p. 465; V. 87, p. 616.
RECEIVERSHIP.— On Jan. 2 1909 receivers were appointed, the Jan.
1909 coupon on the llrst 5s of 1906 being defaulted. V. 88 , p. 99. 156— see
table above. President II. M. Atkinson Is now sole receiver. V. 88 , p. 821;
V. 91, p. 945. Sec President’s report of Jan. 5 1909, with opinions of
experts, Ac. V. 88 , p. 227. $3,250,000 2-ycar 6 % receivers' certifi
cates were sold to replace 19-mlles trackage Into Birmingham and build
Bessemer branch, &c. V. 8 8 , p. 1497, 1559: V. 89. p. 40. 102, 223. The
coupons duo May 1909 to May 1910 on the Joint coll, notes were purchased
by private parties; Nov. 1910 and Nov. 1908 coupons were paid by the
company. V. 88 , p. 1190; V. 90, p. 1237.
General Committee.— Edwin S. Marston (Chairman), Frederick Ayer,
Samuel Carr and John I. Waterbury requested deposits of all securities and
unsecured debt of company and allied properties. Depositaries, Manhat
tan Trust Co., N. Y ., and Old Colony Trust Co., Boston. Time for perfect
ing plan expires May 1 1912. V. 88 , p. 1196; V. 90, p. 235; V. 92, p. 116.
Committee Jor First 5s.— S. H. Fessenden, Philip Stockton and F. II.
Farrar. City Trust Co. of Boston, depositary. V. 8 8 , p. 90. 157, 684.
Committee for Joint Collateral Notes and First 5s.— Geo. C. Clark, Chair
man; Geo. C. Clark Jr., Sec.; Trust Co. of America, N. Y ., aud American
Trust Co., Boston, depositaries. V. 88 , p. 623. 685, 943.
STOCK.— Par of shares, $100; Issued; common, $25,000,000: pre
ferred, $10,000,000. Of these $17,000,000 common and $5,600,000 pre
ferred deposited under collateral trust notes,
BONDS.— Of the 5s of 1906 ($30,000,000 authorized Issue), $14,185,000
have been Issued, of which $5,005,000 Is deposited under coll, trust notes.
The coll, trust 5% notes (originally $8,000,000, but reduced to $6,239,
200 and extended in 1910, per plan V. 90, p. 1237, 1295) are a Joint obliga
tion of the railroad and the Atlantic & Birmingham Construction Co.
The Interest until payment thereof Is to be guaranteed by the shareholders
of the construction company or the syndicate raising $800,000 cash for the
plan, q’he general reorganization committee agree to provide In the plan
for the pyament of the remaining notes at par. They are secured by de
posit of $5,005,000 Atl. Blrm. & Atlantic 1st M. bonds and $5,600,000 pref.
and $17,000,000 com. stock of the railroad (cr cash representing matured
equipment bonds), entire stock ($5,000,000) of Birmingham Coal & Iron
Co., owning 35,000 acres of coal and 3,600 acres of Iron ore lands (subject to
$4,359,000 bonds, Incl. $310,000 treasury bonds),and the $1,100,000 stock
and $ 1,000,000 bonds of Brunswick SS.Co.,the last mentioned being guar
anteed by Atlantic Gulf & West Indies SS. Co., which In 1910 purchased the
5 boats owned. V. 82, p. 1267; V. 83, p. 35, 1290; V. 84, p. 270; V. 85, p.
1404; V. 88 , p. 451, 503
Equipment obligations other than In table above.
A
A
A
A
Last Dividend Places Where Interest and
and Maturity
Dividends are Payable
.) Jan 1 1927
Jan 1909 coupon not paid
J July l 1927
Jan 1909 coupon not paid
S Sept 6 1910 3 h U S Mtge A Tr Co, N Y
0 Oct 1 1938
New York and Atlanta
A D June 1 1953
Standard Trust Co, N Y
A .1 Jan 2 19 11 3% Atlanta Ga
A N Afay 1 1919
Reading Terminal, Phlla
A () Apr 1 1930
do
do
A () Apr 1 1948
A J July 1 1051
do
do
— Al Dec 10TO 2 J4% Baltimore
A D Irredeemable
In 1910 paid 5%
In 1910 paid 4%
A J Jan 1 1925
A J Jan 10 19113 Treas Office, Wllm, N O
A .1 Jan 10 1911 3
do
do
A N Nov 10 1910 2 J4
do
do
J P Morgan A Co. N Y
A N Oct 1 1952
United States Tr Co, N Y
A D Dec 1 1959
A N Nov 1 1939
Safe Dep A Tr Co, Balto
A A Feb 1 1947
U S Tr Co, N Y * Balto
United States Tr Co, N Y
A J July 1 1960
A S To Alch 1 1917 U S Tr Co, N Y; & Balto
A
A
&
A
A
A
A
A
A
A
A
A
A
A
&
s July 1 1952
N Irredeemable
.1 Jan 1 1033
J July 1 1948
J July 1 1926
.O Oct 1 1926
N May 1 1915
O Apr 1 1940
J July 1 1935
A Aug 1 1947
O Apr 1 1939
J Jan 1 1946
O Apr 1 1934
J Jan 1 1936
J Jan 1 1938
United .States Tr Co, N Y
Treas Office. Wllm. N C
United States Tr Co, N Y
Safe Dep & Trust Co,Balt
Richmond Office
do
do
do
do
Brown Brothers, N Y
First Nat Blc, NY; A Balt
Safe Dep 8c Trust Co.Balt
Central Trust Co, N Y
Safe Dep A Trust Co,Balt
United States Tr Co, N Y
do
do
do
do
$130,000 5s, maturing $10,000 quarterly (Q.-M.) to Mch. 1 1914, of which
$30,000 provided for by receiver’s certificates.
’T htjco ntrol led companies, the Georgia Terminal Co., Alabama Terminal
RR., Birmingham Coal A Iron Co. and Brunswick SS. Co. were placed In
receivers’ hands In Feb. 1909, their bonded debts being respectively
$3,000,000, $2,445,000, $4,159,000 (including $2,000,000 of Birmingham
Iron Co.) and $1,250,000, but theB irmlngham and Brunswick companies
were subsequently discharged. V. 84, p. 1427, 1551; V. 85, p. 470; V. 88 ,
p. 156, 451, 503, 563; V. 91, p. 465.
LATEST EARNINGS.— / 1910............ Gross. $1,154,346; net, $291,304
5 mos., July 1 to Nov. 30.11909---------- Gross. 1,071,872: net, 268,039
Other Income In 5 mos. of 1910, $70,050, against $44,825.
For year ending June 30 1910, gross, $2,579,346, against $2,069,807 In
1908-09; net, $579,390, against $357,025.
REPORT for year ending June 30 1908 In V. 87, p. 1294, showed on 491
miles, gross, $1.583,805; net, $126,663: other Income, $136,689; Interest,
taxes. &c., $518,714; baL, sur., $44,637. V. 83, p. 227.— (V. 92, p. 116.)
\T 1. A NT A & CH A R LOTT E AIR LINE RY. — (See Map Southern Hallway
System.)— Owns Charlotte, N. C., to Armour, Ga., 263 miles.
The operating contract of 1881 accepted by the Southern Ry. requires the
payment of Interest on At. & C. debt and 5 % on stock; If gross earnings ex
ceed $1,500,000 dividends to be 6 %, and If thev exceed $2,500,000,7 %.
The $5,500,000 bonds extended to Jan. 1 1920 at 4)4% and purchased
by the Southern Ry. and placed under Its consol, mortgage. V. 89, p. 1595.
DIVIDENDS.
11881 to ’89. 1890. 1891 to Mch.'01 Incl.
Since
P ercen t-J 5 yearly.
5 14
6 yearly (M&S). 7yrly.(.Al&S)
EARNINGS.— For year ending June 30 1909, gross, $4,305,174, against
$4,000,262 in 1907-08; net. $1,832,566, against $1,477,990; Int. on bonds,
$247,500; dlvs. (7% ), $119,000; organization exp., $2,500; bal., sur.,
$1,463,566. Pres., C. S. Fairchild, N. Y.— (V. 89, p. 1595.)
ATLANTA & ST. ANDREWS BAY RY.— Owns from Dothan, Ala., to
Panama City, Fla., on St. Andrews Bay. Gulf of Mexico, 85 miles: opened
July 15 1908. Stock authorized, $1,000,000; outstanding $300,000; par,
$100. The first 6s (Central Trust A Banking Corporation of Atlanta, Ga.,
trustee) are subject to call at par beginning Oct. 1 1911. V. 88 , p. 685;
V. 83, p. 270. For 6 months ending Dec. 31 1908. gross, $51.454; net,
$16,185; Interest on bonds, $12,750; bal., sur., $3,535. Pres., A. B.
Steele, Atlanta. Ga.; Sec., G. H. Purvis, Dothan, Ala. (V. 88 , p. 685.)
AILANTA TERMINAL CO.—Owns union passenger station opened
May 14 1905. with approaches, used by Southern R y., Central of Georgia
Ry. and Atlanta A West Point RR
Stock. $150,000, owned In equal pro
portions by the three companies named, which pay all charges and ex
penses on car basis. V. 76, p. 593, 1394; V. 77, p. 699; V. 88 , p. 1196.
ATLANTA & WEST POINT RR.— Atlanta, Ga., to West Point, Ga.,
86 miles. Georgia RR. June 30 1909 owned 9-20ths of stock and $388,900
deb. cert. A belt line around Atlanta, 5 )4 miles, Is operated at rental of
$16,000 yearly— 4% on Its cost. V. 71, p. 963 V. 73. p. 1354.
The stockholders voted on Jan. 20 1910 to Increase the stock from $1,232,
000 to $2,500,000, $1,232,000 being offered to stockholders at par to retire
$1,232,000 deb. 6s July 1 1910; V. 89. p. 1595; V. 90. p. 913.
DIVIDENDS begun In 1855 were for many years 8 % per annum. From
July 1 1884 to July 1901 Inclusive. 6 % yearly. J & J; Oct 1 1899, 25 %extra;
1902 (?); 1903, 6 %; 1904 to 1910, 6 % yearly; 1911, Jan., 3',>5.
'
In 1908-09, gross, $964,917: net, $205,861; other Income, $35,616;
charges, $163,359; dlvs., $73,932; surp., $4,185.— (V. 90, p. 235, 913.)
ATLANTIC CITY RR.—Camden to Atlantic City, 57 m. (double track
branches, Winslow Junction to Cape May, N. J., 55 m.; Wllllamstown, 23
m.; Gloucester, 12 m.; Sea Isle City, 12 m.; Ocean City. 10 m.; total, 168 m.
V. 72. p. 1278. STOCK, com., $2,625,000; pref.. $1,000,000 (par. $50).
Reading Co. owns over 99% of stock, and guarantees consol 4s, principal
and Interest. Form of guaranty, V. 75, p. 1398. Of the latter, $2,650,000
are reserved to retire prior lien bonds. See V. 73, p. 81. There are also
outstanding $23,500 Sea Coast RR. series A 5s and $2,834 series B 5s.
EARNINGS.— 5 mos.,/1910_________ Gross. $1,099,612; net, $415,690
July 1 to Nov. 30.
)1909_ _____ Gross,
988,925; net, 342,289
For year ending June 30 1910, gross, $1,805,007; net, $352,182. In
1908-09, gross, $1,626,055; net, $346,250.— (V. 82, p. 750.)
ATLANTIC COAST LINE CO-—Organized May 29 1889 under
the laws of Connecticut, and owns a majority of capital stock and a
large amount of the bonds of the Atlantic Coast Line R R . below.
STOCK, &c.— Stockholders voted Jan. 26 1910 to Issue $5,040,000 addi
tional stock, which was offered pro rata to stockholders at par, payable
Feb. 28, the proceeds to be used chiefly to purchase, at 97 )4 and Interest,
any of the $5,000,000 4% " B ” certificates of Indebtedness offered. This
Increased stock outstanding to $17,640,000. V. 89, p. 1666.
As to the certificates of Indebtedness, see editorial Oct. 1897, Sup
plement, p. 3; V. 65. p. 564; V. 71, p. 1310. In 1898 $5,000,000 stock was
distributed as a 100% dividend (V 67. p 054), and In 1900 $10,000,000 4 %
certificates of Indebtedness (Including $2,500,000 of Atlantic Coast Line
RH. Co.), as a 100% dividend. (V. 71, p. 607: V. 73. p. 493.) As to
securities pledged to secure equally the certificates of Indebtedness, see V.
17. p. 1310; V. 83, p. 560. Bal. sheet 1910, V. 91, p. 1091. There arc
$62,000 certificates of Indebtedness additional to those In table.
CASH
V ’01. ’ 02. '03. '04. ’05. ’06. '07. ’08.
1909.
1910.
D IV S ..% /4 )4 6
8
8
0
10 10
8
2,2,2)4,2)4
10
Chairman, Henry Walters.— (V. 00. p. 302; V. 01, p. 1091.)
ATLANTIC COAST LINE RR.— (See M ap.)— Operates from Richmond
and Norfolk, Va.. on the north, to Fort Myers, Port Tampa and River Jet..
Fla., on the south, and Montgomery, Ala., and Augusta, Ga.. on the west,
reaching the ports of Norfolk. Va.; Wilmington, N. C.; Charleston. S. O.;
Savannah and Brunswick, Ga., and Jacksonville and Port Tampa Fla.
Sav. Florida & Western Ry. was merged In 1902. V. 74, p. 774, 829.
In Oct. 1902 acquired $30,600,000 of the $60,000,000 Louisville & Nash
ville RR. stock for $10,000,000 cash. $35,000,000 In 4 % collat. tr. bonds
and $5,000,000 stock. V. 75. p. 733, 792, 005; V. 70. p. 785.
RAILROAD COMPANIES
[For abbreviations, &c., see notes on first page]
Atl Coast L RR (Concl)—
Alabama Midland 1st M g (Balnbto M ontg)--M p.xe
Florida So 1st M g old ______________________ AB.c*
Sanford & St Petersburg first mtge gold"__ I ___ PeP
Ashley River first mortgage.................. ......................
Sll Sp O A G 1st M gold (Oeala to Inv A b r)..T a .c*
Atlantic & Danville— 1st M $4,42.1,000 g Int rent.Mee*
Second mort SI .525.000 gold Interest rental.-Ta c*
Atlantic & North Carolina Stock $1,800,000___
First mortgage $825.000...... .............................. AleBa
Atlantic & Si Lawrence— Stock 8% rental Grand Tr’ k
Atlantic & Western First mtge $3,000,000 gold. IB
Augusta & Savannah Stock 5 % rental Central of Ga
Augusta Southern First consol mtge goldCe.xc
Augusta Union Station First VI $250,000 gold — SB
Avon Qeneseo & Mt Morris RR —Stock (see text!
Baltimore Chesapeake & Atlantic— 1st \t gold. Mp.c*
Balt & Cumberland Val Ry -1st M Interest rental. .
Balt & Cumberland Val RR -1 s t M Interest rental----B & C V RR Ex ten -Stock gu ($270,000 carries 7%)
First mortgage Interest rental
-----------. . Ba
Baltimore & Harrisburg RR Mortgagegold MeBa.e
First M West Ext ($ 10 .non p m) gold guar.MeBa.e*
Baltimore & Ohio -Common stock $152,750,000. .
Pref stock 4 % non cum authorized $00,000,000..
Prior lien mtge gold not subject to call----- Me,c*Ar
First VI gold redeem at 105 after 1023. ...U s o*Ar
Southwestern Dlv 1st \T $45,000,000 gold _.F,cA*r
Pitts June A Mid IMv ($20,000,000) 1st M g.Ce.c*Ar
P LB & VV V Svsref g red 100 after 1025 . Un c*Ar
New York DlvA Term first mtge $10,000,000 gold
Oonv debenture gold redeem (see text) . . .
.
Coupon gold notes_________________.•_____________
Secured gold notes $50,000,000 auth call par.Usm.c
Equipment bonds due $1,000,000 yearly__________
Bonus Underlying first Mortgage 4 vs %
Loan 1853 extended In 1885 gold
..................
Pittsburgh A Con 1st M extended In 1808 In trold..
Cent Ohio $2,500,000 con 1st M (1st loan) g.McBa c
Pittsburgh Junction 1st VI $t 140.000 gold Me.C*
gTn addition $7,835,050 pledged as port coUat. for
Miles Date
Road Bonds
174
244
145
4
64
275
275
95
167
11)
53
82^a
—
—
1888
1895
1894
1877
1888
1000
1904
_
1887
______
1903
______
1894
1903
88 1894
3 1879
5 1879
- - .
27
32
1ft
—
—
1,076
1.657
930
384
1.642
—
--
_
___
...
1881
1886
1888
-
-- - •
1898
1898
1899
1898
190!
1905
’ qo «
1910
1910
1910
In
' ' o - k se-lp and ft
377
When
Payable
Last Dividend
and Maturity
Places Where Interest anti
Dividends are Payable
N Nov 1 1928
J Jan l 1945
J Jan 1 1924
.1
A
J Jan 1 1915
J A J July 1 1918
.1
A
July 1 1048
.1 A JJ July
1 1048
Semi-an Jan 15 '1 1 14
•1
A J -1111v 1 1D17
M A S Sent 1910 3%
J A J Ian 1 194 4
J A J Jan 6 1911 ? 4
J A D
1924
J A J July 1 1953
J A J .'an 1 1911 1 *£
M
A S
1034
J A J
1929
J A J July 1 1929
J
A
J
1911
J
A J luly 1 1931
M A N Vov 1 1033
M
N
M
A fs Mch 1 1911 3%
M A
Mch 1 1911 2%
.1 A .IV Uiiv 1
A A Oil July 1 1948
J A J1I
1925
z
Nov 1 1925
M A N Vov 1 1941
1 A D lune 1 1948
VI A c •*oh t 101 1
M AS10 Mch 10 1911
J A D June 1 1913
F A A To Feb 1 1920
Metropolitan Tr Co, N Y
Cnlted .States Tr Co, N Y
„
do
do
People’s Bk, Chast'n.SO
I:nlted States Tr Co, N Y
Mercantile Tmst Co, N Y
I’rust Co of America, N Y
Check from Co’s Office
Vat Mechanics’ Bk, Balt
London and Portland
International Tr Co, Boat
Savannah Ga
.1 P Morgan & Co, N Y
Safe Drp A Trust Co,Balt
Erie Railroad. New York
Broad St Station, Phils
Farm A Mech Bank, Balt
do
do
do
do
do
do
do
do
do
do
Co’s Office, 2 WallSt.NY
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
M A
J A
J A
1853
500 Ac
102 800
4 V,
V A O <let
186*
1,000
4 v'
I
5 6 001
A
J July
144 1886
1.009.001
1.000
4 4 ■ M A s Sept
1,000
7 1882
1 A .1 July
6V
09.44 000
Pitts. L F. A W . Va . Sys. 4s.
t Coups M A v : reg
_
In Atbmtb C.>»'t Line Co 4 %
certificates of indebtedness. V. 81. p. 1558. b Includes 3% paid In Jan.
In Atlantic Coast Line RR. 4% certificates of Indebtedness.
U'BONDS.— First consol. 4s of 1902 (limited to $51,326,000 outstanding)
are a first lien on 1,021 miles of road and a blanket lien on 2,92 I miles owned,
subject to the underlying bonds.
The stockholders on Nov. 16 1909 (V. 89, p. 1141, 1346) authorized (1)
xn Issue of not exceeding $200,000,000 untiled mortgage 50-year 4% bonds;
(2) $23,562,500 4% debenture bonds convertible Into com. stock, these last
to provide an alternative method of retiring the $23,562,500 certificates of
Indebtedness If the holders elected to exchange for debenture bonds at
par prior to March 1 1910: and (3) to Increase the com. stock to an amount
sufficient to provide for conversion of the debenture bonds.
Purposes }or Which the $200,000,000 Unified 4s Were or Are Issuable.
Heretofore Issued for Improvements and refunding___________ $15,000,000
Reserved to retire 4% certs, of Indebtedness [the holders of all
but $232,900 of the outstanding $21,566,600 4% certs, of In
debtedness exercised the option to exchange on or before
Mch. 1 1910 their certs, for deb bonds or unified mortgage
bonds at par. V. 89, p. 1481]____________________________ 23.562.000
Reserved to retire underlying bonds ________________ _____ _
84.090.000
Reserved (along with any bonds not Issued to retire certs, of
indebtedness) for future construction. Improvements, A c .).. 77,348,000
___
The unified 4s were a first Hen June 30 1910 on 197 miles and a blanket
lien on the remaining 3,945 miles owned, subject to underlying bonds.
The 4% convertible debentures will be redeemable after May 1 1916 at
105 and convertible at the option of the holder Into common stock at $135
a share at any time up to Jan. 1920, or. If called, up to 30 days prior to the
date of redemption.
As to the $35,000,000 collateral trust 4s of 1902, see “ Organization”
above. They arc subject to call at 105 In amounts not less than $100,000.
There were outstanding June 30 1910 $55,000 Bruns. A West. Incomes.
The Washington A Vandemere 4 4 s ($1,500,000 authorized, of which
$720,000 outstanding) are guar., p. A L, by endorsement. V. 84, p. 1246.
FINANCES.— In Feb. into the Loulsv. A Nashv. dlv. rate was raised
from 6 t o 7 % . V. 89, p. 1595. Bonded debt per mile June 30 1910, $21,967.
LATEST EARNINGS.— (1910___ Gross, $11,808,739: net, 83.250,690
5 mos., July 1 to Nov. 30.] 1909 . . . -Gross, 11,080,800; net, 3,307.393
REPORT.— Report for year ending June 30 1910 at length, V. 91 , p
1382, 1389 (editorial, p. 1359).
1909-10.
1908-09.
1907-08.
Gross receipts_____________________ $29,810,268 $26,144,065 $26,029,052
Operating expenses and taxes_______ 19,823,1 17 18,062,899 20 .043,794
Net receipts from traffic__________ $9,987,151 $8 , 081,166 $5,985,258
Other Income...................
*805,156
*836,873
1,463,376
Dividend on L. A N. stock.................(7)2,142,000(5 4 ) 1683000(5 4 ) 1683000
Total net receipts............................ $12,934,307 $10,601,039 $9,131,634
Deduct—
Interest on bonded debt, A c............. *$5,506,300 *$5,106,568 $5,359,313
Int. on certificates of Indebtedness-.
*379,359
*757.122
862.754
Hire of equipment and term r e n ts...
55,394
48,569
128,420
Dlv dend on preferred stock (5 % )..
44,877
79,830
79,830
Dividend on common stock...............(0)3.105,000(5 4)2609058(5 4)2609540
Balance, surplus.............................. $3,753,317 $1,879,381
$31,777
• These are net Items In 1909-10 and 1908-09, Interest on treasury securi
ties being eliminated.
.
.
Rate
%
$1 .ooo $2,800,000
Bg
1.OOP 2.418,000
4g
275.000
1,000
4g
33,500
8
1,000
492,000
4g
1,000
3.925.000
4g
1.525.000
1,000
4g
100
1.797.200 See text
325,000
1,000
6
£ A $100
6.484,000
6
1.000 Ac
2.000
5g
100
1,022,900
5
1,ooo
400,00O
5g
1.000 Ac
225,000
4g
ino
225,000
34
1,000
1,250,000
8g
500
48,500
6
100 Ac
72 801'
6
5(1
390,600 8 A 7
1,000
230.000
6
1,000
690.000
ft K
2411 ooo
1,000
8g
100 152 ”38 800 6 111 191'
100 59 983 9 4 1 In 1910
500 Ac 74 824 (■<■
34 v
500 Ac 74 .997 25
4 ft
500 Ac 14 9 1 64
34 e
600 Ac z 6 ,17 ,23
34 e
1,000 43 260.ooi
4g
_____ - .
See text
4e
9
*e
100,000 10.000.000
4g
1,000 Ac 40,000,000
44 g
1,000 See text
4
Lines owned and truckage— Miles.
Lines owned, dec.— (Con.) — Miles.
Richmond, Va., to Port Tampa.
Paola Jet. near Sanford to St.
F la ........................................... .9(18
Petersburg, F la .___________ 145
Norfolk, Va., to South Rocky
Palatka, Fla., to Brooksvllle.. 145
M oun t......................
115 Mllldale, Fla., to Perry_______ 163
Contentnea to Wilmington_____ 105 Branches, Ac_________________ 1,525
Wilmington. N. C.. to Pee Dee
Lea sed—
Ju n ction .................... . . . ___ 97 Central RR. of So. Carolina—
Florence, S. C., to Augusta. G a.. 167
40
Lane to Sumter, S. C_______
Sumter to Columbia
............... 45 Other lines_____________________
15
Yadkin Jet. (Wilmington. N. C.)
to Sanford----- . .
. . .118
Total In earnings___________ 4,491
Waycross, Ga., to Folkston, Ga
C l o s e l y a l l i e d l i n e s (s e e e a c h c o . )
Jesup, Ga., to Montgomery, Ala 355 Louis. A Nash. (Incl Ga. R.R.) 7,154
Brunswick, Ga.. to Vlhany
189 Charleston A Wester, Carolina. 341
D u p o n t Jet to F o rt U v is pis
3401N o rth w e ste rn R R of So Car
71
Also owns onc-sl.xth Interest In the Rlchmond-Washlngton Co. Leases,
Jointly with the Louisville A Nashville R R ., the Georgia RR ., 571 miles.
In July 1909 agreed with Nort A West, to bulb! lolntly W inston-Salem
Southbound R R ., Winston-Salem, N. C., to Wadesboro, 88 miles, opened
Dec. 15 1910, the two proprietary companies guaranteeing an Issue of 1st
M. 50-year gold 4s. V. 89, p. 181, 598: V. 90, p. 238: V. 91, p. 1448.
In Sept. 1910 contract was let for extension from Tlalncs City, Fla., south
to a point near Lake Hare, 46 miles. V. 01, D. 1 3 9 0 . .................... .... •
• ORGANIZATION.— On April 18 1900 absorbed by consolidation (V. 70.
p. 840, 893): Wilmington A Weldon RR., Atlantic Coast Line RRs. of S. C.
and Va. and Norf. A Car. RR. Florida Southern and Sanford A St. Peters
burg were merged April 1903. V. 76, p. 918, 971. The Atlantic Coast
Line Co. (of Conn.) June 30 1910 owned $36,008,495 common stock. Sec
that company above. V. 70, p.893; V .7 1 ,p . 1110,1310; V. 83. p. 560. •
STOCK. Atl Coast Line of Va. class A (Rich. A Pet ctfs.) tax exempt
stock was assumed as so m ud’ " f the com stock of the new company
Stockholders voted Nov. 1909 to Increase the total authorized stock from
$60,000,000 to $72,100,100, to provide for the conversion of new 4% con
vertible debenture bonds. V. 83, p. 490, 1295; V. 89, p. 1141, 1346,
The pref stock <$!s ''50,000) ««•, In 1902 mostly exchanged for 125% In
4% certificates of Indebtedness. V 75, p 1252.
DIVS. (% )—
’ 00. ’ 01. ’ 02. ’03. ’04. ’05. ’ 00. ’07. ’08. ’ 00. ’ 10. 1011.
Com.(lncl.Cl.A). _. 2JJ 3H 5
5
a5 6
6 b5)$ 5 4 6
Jan., 3
Preferred______ 2 4 5
5
5
5
5 5
5
5 5
5
............
a vi'-,
Amount
Outstanding
Par
Value
1 1035
1 1046
1 1930
1 192?
Int Q -F
do
do
do
do
do
do
do
do
V Reg. Int. Q.-.T.
OFM< ERS - Chairman of Board. Henry Walters; Pres .T M. Emerson:
st Vice-Pres. Uexander Hamilton: 2d Vice Pres C. S. Gadsden- 3d VIoop >rs.. .1 R Kcnly; Gen Mgr. W V Rovall:
Herbert I, Rordett*
Treas., James F. Post.— (V. 91, p. 1382. 1384, 1389; V. 92, p. 116.)
’
RY* (See Map Southern Rv. ) ~ West Nor
folk to Danville Va., 205 miles, three brandies, 22 miles; James River Jcl
to Claremont (3 ft. gauge). 50 m„- total. 277 m
Leased to Southern Rv
from S<*pt. 1 1899 to July 1 DM9 Tor taxrs, repairs, maintenance and cash
oonv-nii^lff Sn aHHlHonTiio « pbarKes with privilege of renewals for terms of
•J* >ears. In addition the Southern Ry agrees to pay the same rate of (11vl*
dends on com. stock as paid on Its own com . stock V 7 I .p.447; V.79,p.ft28.
1004 ° CSee
S e (fv
? p.
n*L
,i80«862;
i(i° V.
xr ^73, p.sh*rPS
wprpVcanceled
prior to July 1
1904.
V.°7
71.
181.
722. 956;
79. p 625.
B O N D S .-O f the $4,425,000 4s of 1900, $500,000 can he Issued only for
by increased 'ren tal"
R y” ,I,ter,"it oharew™ beSSvwSI
were issued
Issued July
Tufv l1i 1909.
d n t? ^ *v
were
V. l^
77,,528;22°
p. 195.—sep?
(V.ni1
79, p. the
967;remaining
V. 89, p. $750,000
1410.)
A T L A N T IC & N O R T H
C A R O L IN A
RR. -Morehead City to GoldsX? 797 *no
H?11**' State of North Carolina owns s i .266.500 of
$ 1,797,200 stoek Leased from Sept. 1904 to Jan 1 11)96 to Atlantlo A
V. 79. p. 967
DIVIDENDS.— 93. ’94. ’95. ’06. ’97. ’08. ’99. 1900-04.
Per cent..................
2 2
0
2
2
2
2
0
Pres., Frank S. Gannon.— (V. 83 p. 1590, 1522.)
ATLANTIC QUEBEC & WESTERN RY.— V. 91, p. 1253.
AUGUST \ ft SAVANNAH R R .—Mlllen to Augusta, Ga., 53 miles.
In
1895 re leased to Cen.of Ga for 101 yr*. at ft % on stock. — (V. 61 , p. 239.)
AUGUSTA SOUTHERN RR.— Owns from Augusta to Tennllle, Ga., 82
miles. The Southern Ry. in Jan 1901 acquired about four-fifths of stoek.
V 73, p. 343
Com Sto ck $400,000; pref.. $350,000; par, $100. Year
ending June 30 1910, gross, $209,784: net, $68,903; charges, $40,547;
balance, surplus. $28,356.— (V. 80, p. 2219, 2456.)
AUGUSTA UNION STATION CO, Owns union passenger station at
Vugusta, Ga.. used by all roads entering the city . the latter under their op
erating contract providing for Interest on the bonds and 4 % dividends on
stock
Stock. $75 o o o (5% paid in), held equally by Southern Ry., Atlan
tic Coast Line RR. and Georgia RR. V. 78. p 2333; V. 79, p 500.
Pres,
Thos. K. Scott: See. and Treas.. Carlton Hlllyer.— (V. 82. p. 48.)
AUSTIN ft NORTHWESTERN RR,— See Houston A Texas Central Ry.
AVON GENESEO A MT. MORRIS RR - M t . Morris to Avon, N. Y ., 18
"VJ**to Fr,p HR. Feb 26 1896 in perpetuity; rental (after 1901),
6 4 % on stock. — (See V 63, p B12; V. 62. p 318,589.)
BALT. & ANNAPOLIS SHORT LINE RR.— See ’’ Electric Ry. Section. **
BALTIMORE CHESAPEAKE & ATLANTIC R Y .-O w n s Claiborne
to Ocean City, Md. 87.66 m.; from Claiborne to Baltimore, 44 m., transfer
Is made by water, steamer lines owned, 1.134 m.; tot..' mileage owned
and operated. 1.“2 1 66 in. Controlled bv Pennsvivanln fill and allied
lines. V 69, p 541,590; V. 59. p. 371. Pref. stock, $ I .500,000 5 % cum.;
com.. $ 1 ,0 0 0 .1)110. Dlv. on pref., 2% Mel). I 1905; In 1906, Meh., 3% ;
Oct.. 2% : In 1907. March. 3% ; Sept., 2% ; In 1908, Oct., 2% ; 1910, Jan.,
5% ; Sept., 2% ; 1911, Jan. 31, 3% .
The stockholders voted on Jan 26 1905 to acquire a majority of the Rtock
of the Maryland Delaware A Virginia R y., extending from Queenstown,
Td to 1 ewes Del wit'- *>r*nel>es s total of 77 oi and vnarantee $2,000,
000 of Its first mtge. bonds. See that co. V. 80. p. 116, 1058.
Fiscal year now ends Dec. 31. In 1909, gross. $1,036,959: net, $250,965;
other Income. $13,042; charges and Improvements, $122,816; dividends
(5% ), $75,000; balance, surplus. $66,192.— (V. 84, p. 1302; V. 87, p. 284,)
BALTIMORE ft CUMBERLAND (RR. AND RV. ).
The Railroad ex
tends from State Line, Md , to Waynesboro, Pa.. 4.55 miles; stock, $76,700,
in $50 shares. The Railway extends from Kdgemont Md.. to State Lino,
Pa . 3 m ; stock. $42,500. In $100 shares. Both are leased to Western
Maryland RR for 50 years from July 1 1879, with privilege of renewal or
purchase; rental. Interest on bonds.
BALTIMORE A CUMBERLAND VALLEY EXTENSION RR.— Waynes
boro to Shlppensburg. Pa.. 26.52 miles. Leased to Western Maryland RR.
jr,,m Ju,y ’ 1881 •w,th privilege of renewal, for Interest on bonds
and dividend on stock amounting In all to $38,730. .See table above and
V. 75. p. 665 - ( V 75. p 665 )
o
H ARRISBURG RR — Emory Grove, Md. to Orrtanna
Pa , 59 m. with branches, 7 m., total 66 in Leases Balt A Harrisburg Ry.;
Western extension, Orrtanna to Hlghfleld 15 m guaranteeing Interest on
ts bonds. Leased to Wertern Maryland RR. for 50 years from Oct 25
tC. V,
Interest on bonds and 3% on pro) stock <*o nnhl M A N).
Dividends on common at 5% yearly had In 1910 been paid for over 5 years.
Stock, com . $690,900; pref., $29,100.— (V 44. p 812.)
BALTIMORE A OHIO RR. — (See M ap.)— ROAD — Operates from Balti
more to Philadelphia and Baltimore to Chicago, Cincinnati and St. Louis:
total mileage leased, owned and operated In July 1010, 4.434 mile*. “ Royal
Blue Line (see Central RR. o ' N J.) gives access to New York.
HISTORY.— Receivers were appointed In Feb. 1896, but In 1899 reor
ganized without foreclosure, per p(an In V. 66. p. 1235. The n. A O. South
western was reorganized per plan In V. 67, p. 688, the consol, mtge. of 1803
having been foreclosed; Cent. Ohio, Ac., plan, V. 67, p. 688, 1206, 1356.
RAILWAY STOCKS AND BONDS.
J a n ., 1911.)
RAILROAD COM PANIES
[For abbreviations, A c., see notes on first page]
Miles Date
Road Bonds
Par
Value
Amount
Outstanding
Rate
%
When
Payable
Last Dividend Places Where Interest and
Dividends are Payable
and Maturity
Office, 2 Wall St. N Y
$1,000 a$243.000
5 g J & J July 1 1922
7 1894
B & O (Concl.) — Pitta June 2nd M *300.000 g Me. c
Bonds Underlying Pittsburgh Latte Erie <fc West. Virgin la 4 s
do
do
5,000,000
1,000
5 g A & o Oct 1 1933
192 1803
Clev Lor & Wheel cons M (now 1st) gold - Usm.c
do
890,000
do
1,000
5 g J to D June 1 1936
192 1896
General mortgage 51,000.000 gold redeem 105. N.c
950,000
do
do
1,000
4H g J & J Jan 1 1930
102 1900
Cons ref M $ 10 ,000,000 gold red at 1 0 2 ^ -T a .c
M & N Nov 1 1995
do
do
3,301,000
1,000
4g
88 1895
Cleveland Term & Valley 1st M gold guar Me.c’ &r
F
do
to
A
Feb
1
1919
do
700,000
1,000
5
g
30
1889
Mononeahela Rlv R R 1st M gold guar B t o O . Ce.c
do
M to S Mch 1 1950
do
228,000
1,000
5g
72 1900
Ohio & Little Kan Ry 1st M *230,000 red iO ^ o ld
do
do
2.000.000
1,000
172 1886
5 g J to D June 1 1936
do
do
A to O Apr 1 1937
2,941 .000
1.000
5g
209 1887
do
do
F to A Aug 1 1920
361,000
1,000
6g
33 1890
Rav S o & G1 1st M $400,000 g guar p & l-.F P .c*
do
do
to
July
1
1922
J
303,000
J
1,000
0
g
1892
11
Huntington & Big S 1st M ($400,000) g guar c*
do
do
Oct
1
1922
A
to
()
441,000
1,000
6
g
77
1882
Pittsburgh Cleveland to Toledo first mortgage gold
First Nat Bk, Allegheny
82,100
100 to c
4 g J to D June 1 1917
30 1878
Pittsburgh Newcastle & L E 1st M extended in gold
J
P
Morgan
&
Co,
N Y
to
July
1
1917
650,000
J
J
1,000
1887
4
g
215
Pittsburgh to Western 1st cons M 510.000,000 g--C*
Co's office 2 Wall St. NY
300,000
1,000
3 1892
5 g J to J Jan 1 1922
Lllwood Short Line first mtge gold $300,000
G
do
do
3.983,000
1,000
176 1890
4 g A & O Apr 1 1990
W Va to P 1st M gold 5s scaled; red at par- -McBa.c*
Leased Lines, &c.. Securities
do
do
50,000
1,000
5 g M to N May 1 1939
5 Jij 1889
Balt to New York RR 1st mtge gold guar_MeBa.c&r
Amer Bonding & Tr.Balt
618,000
1,000
5 g J to 1) Dec 1 1945
1895
Mon River Coal M $1,500,000 gold s f redeem at par
518
Walnut
St.
Phlla
D
June
1
1925
to
5,000,000
J
1,000
4
g
1903
12
Schuylkill River K S RR 1st M gold guar p&i end.
17 State St, New York
A. to <) Jan 1 1913
1,000,000
1,000
6g
11 1883
Staten Isl Rap Tran 1st M $1,000,000 g 5 or fi.Us.c*
17
State
St,
New
York
June
1
1943
to
D
511,000
1893
1,000
J
4
I
(P
13
Staten Island Ry first mtge $1,000,000 gold- -Me c*
Mercantile Trust Co. N Y
394,000
1,000
1886
5 g J to D June 1 1936
Balt & Ohio Chic Term RR— Ch&GtW 1st M g ass’d.c*
To City of Chicago
M to N May 1 1938
5
650,000
City of Chicago purchase money mortgage assumed
28,000,000 See text. A to O April 1 1960
1910
—
First mortgage $50,000,000 authorized...................
Baltimore & Potomac— See Phlla Balt & Washington
Checks mailed
3 004,200 4 In 1910 Seml-an. Jan 9 ’l l 2%
100
Bangor & Aroostook— Stock (see t e x t ) ..---------- - - -
Guar Trust Co, New York
3.360,000
1,000
5 g J to J Jan l 1943
211 1893
First mortgage (516,000 per mile) gold---------- fl.c
do
do
112,000
1,000
ft c: J to J July 1 1945
211 1895
Second mortgage gold— ...................................Usm
do
do
Jan
1
1943
1,500,000
to
()
A
1
,000
5
g
77
1899
First mortgage Piscataquis Dlv $1,500,000 g --(I.c*
do
do
Jan
1
1943
to
o
A
500.000
1,000
5 g
33 1899
V Bur Ext 1st M $500,000 g (V 69, p 952)----- G.c*
do
do
5 g A to o Oct 1 1947
225,000
1,000
15 H 1897
Aroostook Northern first mtge $225,000 gold (i.c '
Brown
Bros,
N
Y
; & Bost
July
1
1951
to
J
6.721,000
J
1.000
4
g
1901
412
Consol refunding mortgage $20,000,000 e -OB.c
do
do
Mav
1
1937
N
to
M
1.000
1
,ooo
non
28 1907
ft K
Medford Ext 1st M $1,000,000 g (V 84, p 692) -Us.c*
Central Trust Co, N Y
F to A Aug 1 1939
1,650,000
5g
1,000
55 1909
Washburn Extension 1st M gold...............Ce.c*&r
do
do
F to A Aug 1 1939
5
953,000
1,000
32 1909
St Johns Rlv Ext 1st M $800,000 gu.....................Ce.
Various Sept 12-.luiy 15 Fourth Nat Bk. Boston
728,000
4 V4
’92 ’ 95
1 ,uou
Aroostook County bonds (assumed)----Brown Bros NY Bos &Ph
1,000
4.6 68,000
ft jr A to O Apr 1 1933
54 1905
North Maine Seaport 1st M guar p & 1 . .U sm .c*&r
495.000
1.000
5 g J to D To June 1 1016 Brown Bros, N Y to Bost
Car trusts Ser C g g u ----------------- - - - - — - - «\c ' -c " *>alan<. n1906
y>i‘\ne owned h V Baltimore to O h i o
a " T o t a l I s s u e d ” s h o w n )n first left h a n d c o l u m n
slon of the Staten I. properties Including Balt A N Y Ry V 83. p 1042.
r i i t i m d d f & OHIO — (See Map)— (Concluded.)—
In Nov. 1907 purchased 2,000 cars from the Fairmont Coal Co., assuming
The*system enfbraces, subject to mortgages the following lines:
part of $1,529,000 5% car trust bonds, due $162,000 yearly to Sept. 1918.
P r hE W » f - ( 1 . 0 7 6 m .)Mtles P t tsburgh &.Western
.........a il
Balt, to Wheeling. Belpte. O., &C.721 Plttsb. Cleveland to Toledo------- 77 V. 85, p. 1404. Ground rent liens June 30 1910, $1,145,057.
LEASED LINES.— Schuylkill River East Side 5% bonds were purchased
(Jumb. to Plttsb & W , t e c . ------- 355 Plttsb.Palnesv to Falrport------ 53
Eastern Ohio__________________ 17 Dec. 1 1903 at 110, per V. 68, p. 40, and $5,000,000 new 4s Issued guaran
lsf M . 4% — (581 miles.)
Balt, to Phlla. and branches..........37 Trumbull & Mahoning-------------- 11 teed p. & I., by endorsement. V. 77. p. 1745; guaranty, V. 81, p. 727.
The West Virginia & Pittsburgh (see agreement In V. 67, p. 1310) has
Chicago. 111., to Akron, 0 —
378 Monongahela River R R ----------- 30
Branches to Fairm ont,W .V a.,«c. 66 Cleve. Terminal & Valley--------- 92 been operated since Sept 1 1899 under a 99 years’ lease, for 4% on the mtge.
Cleve Lorain to Wheeling R y.,
to be appropriated to payment of bond Interest. V. 69. p. 439.
South IF. Dlv. 3H % Af.—
Wheeling to Cleveland. &c__ al95
Owns $1,956,000 of $2,400,000 Pitts. Cleve. & Toledo 6s. V. 76, p. 47.
Belpre, O. .via Clncln. toSt.L. &c 930
Ohio River RR. Lines—
Pitts. Jet 3 >+ % M — (384 miles)
FINANCES.— In Feb. 1909 sold $13,100,000 Pitts. L. E. to West Va.
Benwood to Wheeling. &c— a265 dlv.
Bellalre to Midland City. O .........I
4S. V. 86, p. 1528; V. 87, p. 36.
58
Shawnee to Sandusky. O ............. J377 West Virginia Short Line R R —
In 1910 sold $10,000,000 one-year 4% notes dated Mch. 10 1910 and
74 $10,000,000
Pittsburgh Junction RR - - - - - - - 7 Ohio & Little Kanawha R R ----4% equipment bonds dated Feb. 10; also filed 4% equipment
P L E - A W . V Sys 4%M.(*1.642m.)
mtge. for $10,000,000, none to be Issued at present. V. 90, p. 696, 848.
West VI rtf ala & Pittsburgh........ 176 Total of all (adding Baltimore
In
May
1910
$40,000,000 3-year 4 43% gold notes, part of a $50,000,
______
i Belt and other lines)----------- 4,434 000 auth. Issue,sold
for Improvements and equip., secured by $6,000,000 first
♦Include - 384 m ., also covered by Pitts. Jet. 1st M. a See this company pref., $14,000,000 2nd pref. and $10,000,000 Reading com. stock and $28,
The 515,140.000 Chicago Term. Transfer 1st 4s were redeemed May 3 1907
000,000 B. to O. Chic. Term. 1st M. 4% bonds, the remaining $10,000,000
and In Jan 1910 the property was bkl In at foroclosuie sale being reserved to retire the $10,000,000 notes due Mch. 10 1911. Other
collateral may be substituted as stated In the Indenture. V. 90, p. 1295.
aS d reorganized as B. & O. Chic. Term. R R . with 58.000.000 authorized
The capital expenditures for 13 years ending Dec. 31 1909 were $151,
stock: bond Issue auth.. $50,000,000 50-year bonds. V. O O .P -lO O .ilO l704,000 and $24,000,000 will be required to complete construction and
Control of the Cincinnati Ham. Dayton.— bnder the readjustment plan
of the Cincinnati Hamilton & Dayton (V. 88. p. 1436, 1498). the Baltimore betterments In progress and equipment contracted for. V. 90, p. 166.
& Ohio In August 1909 acquired virtual control and is to acquire
EARNINGS.— 6 mos.,11910........ Gross, $46,996,377; net, $13,365,437
control on July l 1916 at a price to be fixed by arbitrators, th®
11909____ Gross, 45,027,781; net. 15,162,783
July 1 to Dee. 31.
stock to be vested meantime In three voting trustees, one to be the Presl
dent of the B. & O. for the time being. Certain of the securities of the
REPORT.— For year 1909-10, V. 91, p. 1020, 1037. (See also p. 997).
1908-09.
Inc. or Dec.
1909-10.
Year ending June 30—
0. H. & D are guaranteed. V. 89. p. 102. 468.
4,460
— 26
.
4.434
ORAniTVO r n te c __In 1901 $68,565,000 (virtual control) of the $140, Miles __________ _______
.$69,408,113 $58,355,112 + $11,053,001
000,000 Reading Co. stock, consisting of $12 ,130,000 flrat p ref.$ 2 8 .5 M ,000 Freight earns___________
+ 934,347
. 14,485,585 13,551,238
second pref and $27,905,000 com. was acquired, the Lake Shore & Mlchl
+ 501,048
4,506,506
Mall, express, &c., earns_______ . 5,007,554
gan Southern Ry Co. (Vanderbilt system) ^ n ’ ^ o ^ th e ^ o m m o n
V 76
the B. to O. and L. S. ft M. S. each sold $3,950,000 of the common, v. io ,
+ $12,488,390
$76,412,856
.$88,901,252
p. 101: V. 80, p. 1856.
,
, 61.333,801 51,163,981 + 10,109,820
PENNSYLVANIA AND UNION PACIFIC ^ R E S T - T ^ Pennsyl
vania RR. Co. on Jan. 1 1910 owned directly 514,273.600 prer. and $5,725,.$27,567,451 $25,248,875 + $2,318,570
non mm stock* also— through th6 Northern Central and I hlln. B. & VV.
.$24,497,854 $22,438,051 + $2,359,803
(earh °ow n1ng o ne-ha 1f) — $2,000,000 pref. and $2,097,400 com. stock, and
+ 876,641
3,347,257
. 4.217,898
thrni.gh PenSnsvlvanIa Co. $5,000,000 pref. and $13,451,200 com. stock. Other Income............................
U n fo u Pacific In Sept. 1906 Purchased $32,334,200 com. and $7,206,400
.$28,715,752 $25,785,307 + $2,930,445
Total net Incom e................
Dref stock. V. 83. p. 562, 686, 103b- V. 84, p. oO, .>69.
+ $418,863
$12,168,165 $12,049,301
STOCK.__Authorized Issues: Common, 5152,750,000; pref. 4% non-cum.,
— 133,811
549,572
415,761
Improvements. &c_..
$60,000,000: outstanding, see table above. Pref. stock dlvs. are limited to Miscellaneous
— 212
2,355,887
Dividends on preferred stock (4%) . 2,355,675
4% . (See V. 71, p. 1160. and editorial, p. 1143. V. 72, p. 1186.)
+ 2,107
9,116,431
Dlvs. on common stock (6 % )___ . 9,118,538
DIVIDENDS.—
’00. ’01 to ’04. ’05. ’06. ’07. ’08. '09 1910. 1011
Balance, surplus______________ $4,357,613 $1,714,116 +52,643.497
Common ( % ) ...........- 2
4 yearly 4 ) j oM 6
6
6
6
Mch. 3
Preferred (% )........... 4
4 yearly 4
4 4
4
4
4
Mch, 2
Executive Committee— Daniel Willard, Chairman; Oscar G. Murray,
BONDS. (1) Prior Lien 3 H % , a first lien on main line and branches, J. It. Foard, L. F. I.orce, Robert S. Lovett. E. R. Bacon, N. B. Ream and
Parkersburg branch and Pittsburgh division, about 1 070 miles of first track Samuel Rea; Pres., Daniel Willard; 1st VIce-Pres., Geo. F. Randolph; Sec.,
v d 1.325 miles of second third and fourth tracks and s dings, and also all C. W. Woolford; Treas., J. V. McNeal.
the equipment now owned of the value of upwards of $20,000,000, or here
Directors — R. Brent K3yser John P. Green Samuel Rea Joseph R.
after acquired. Total authorized, $ / 5 .00 U,ui)o. See application to list
Foard, Oscar G. Murray, James Speyer, Robert S. Lovett, Norman B.
V. 69. p. 30; V. 78, p. 1906 V. 86, p. 1528: V. 86, p. .16.
Ream, James Stillman, Edward R. Bacon. Joseph Wood, L. F. Loree.
N. Y. office, 2 Wall St.— (V. 90, p. 1361; V. 91, p. 1020. 1037, 1327.)
(2) First Mortgage 4% Gold Bonds, Due July 1 1948 but subject to call,
In whole or In part, after July 1 1923, at 105; a first lien on the Philadelphia,
BALTIMORE & OHIO CHICAGO TERMINAL RR.— Property con
Chicago and Akron divisions and branches and the Fairmont Morgantown to
sists
of passenger and freight terminals In city of Chicago, lines of railway
Pittsburgh R R ., covering about 581 miles of first track and about 573 miles
of second third and fourth tracks and sidings; also on the B. os O. Terminal leading thereto and a belt line around the city: also 760 acres of land
In
aiul
adjacent to the city, of which 50 acres are In the centre of the business
property and the Baltimore Belt RR
They are also a Hen , subject to prior
lien mtge , upon main line.&c. See app. to list. V. 69. p 30; V 70 a 211. district; also Includes 7,500 feet of dock property on Chicago River. Nearly
Total authorized (lncl. $49,975 000 Issued at reorganization) ..$165,000,000 all land, Including that upon which tracks have been built, Is owned In fee.
Of which reserved to retire prior lien bonds In 19 25..--------- 7o,000 000 Track owned, 84 m.; leases from Chicago Junction Ry. 11 m.; trackage, 7 m.;
total. 101 m.: 2d track, 69 m.: sidings, 118 m.; total all tracks, 289 miles.
Issued and Issuable for betterment or extension of the prop
H ISTORY.— Successor to Chicago Terminal Transfer R R ., bid In on
erties covered by mortgages (1) and (2 ), or for extensions,
Jan 10 1910 by the B. to O. under foreclosure of first mtge., subject to
additions or equipment; at not over $1,500,000 a year for
1st 4 years and $1,000,000 a year thereafter, originally.. 27,000,000 two undcrlylng mtges. shown above. V. 90, p. 166, 100, 235, 625. Stock
authorized, $8,000,000; par $100.
( 3) Southwestern Division Isf Mortgage 3 H*- Virtually a first
T E N A N T S . —Balt, to Ohio, Chicago Great Western, Chicago Junction.
lien upon the properties constituting the B. to O. South
Pere Marquette. See V. 77, p. 948, 2158; V. 79, p. 901. Minimum rentals
western RR system . or the securities representing the same,
from tenants. $513,500 annually. V. 79, p. 2084.
covering about 930 miles of first track and about 401 miles
of second track and sidings. All Issue I--------- ------------------45,000,000
BONDS.— Of the 1st M. bonds of 1910, $28,000,000 Issued as series A 4s
were given to the Balt. & Ohio to represent the cost of the property, and are
T4) B. & O., Pitts. Jet. & Mid. Dlv. 3 H*. Expected to be ulti
pledged under Its 3-year 4H % secured gold notes, $5,000,000 additional
mately a first lien upon the railroads of the Central Ohio sys
20.000.000 series A 4s to be Issued when required for Improvements and $1,200,000
tem ami Plus, .lei RR Co.. 385 miles In all. Total . . .
Issuable $1,000,000 per year for first two years and
reserved to retire the old bonds and $15,800,000 for extensions. Improve
thereafter $500,000 per year, for the enlargement, better
ments and equipment to bear not over 4M % Interest. V. 90, p. 1295.
5,000,000
ment or extension of the properties covered____________
Report of old Co. for year end. June 30 1909, given In V. 89,
14,569,000 p. REPORT.—
In partial exchange for old bonds and sold ($4,000,000). .
1066, shows: Oper. rev., $1,091,817: oper. Inc., def. after taxes, $101,727;
Of this Issue $6 175,230 Is In hands of the public and $7,635,050 pledged other
Income, $698,412.— (V. 90. tf. 166, 235, 625, 1101, 1295.)
as nart collateral for Pitts Lake Erie <Sc West Va. System 4s.
Underlying bonds, see table; underlying stocks still out. $21,227.
BANGOR & AROOSTOOK RR.— (See M ap.)— Oldtown, Me., northerly
Van Buren, with branches; total 599.3 miles, viz.
(5) Pittsburgh Lake Erie & West Virginia System mtge. refunding 4% gold to Lines
owned—
Miles.
Lines Leased—
M lies.
bonds (authorized amount $75 000 000) are a Hen on l .642 mites, consisting
of the Ohio River, Cleve. Lorain to Wheeling Pittsburgh to Western, tec., Oldtown to Van Buren............ 221.7 Northern Maine Seaport, La.
Jet. to Fort Kent------- 94.9
Grange to Searsport------------ 54.1
forming a direct connection with Pittsburgh. Cleveland Falrport Lorain Ashland
Milo Jet to Greenville.............. 48 8 Spurs_______________________
5.3
and Sandusky, subject to underlying bonds outstanding thereon (see table South
Lagrange to Packards.. 28.0
above)
In Sept 1905 $29,060,950 additional underlying bonds. Including
$7 635,050 Plttsb. June to Middle Dlv. 3t$s, were held In trust as part se- St. Johns River Extension_____ 32.00
ourtty. The $30,553,000 unissued are reserved to retire underlying bonds. Masardls to Stockholm, &c_____ 55.0
Total June 30 1910
5993
V. 74, p 266; V 79, p. 2793; V. 80, p. 1423; V. 86. p. 479; V. 88, p. 451. 685. Branches______________________ 59.5
Northern Ry. of Maine was Incorporated with $510,000 stock to build
(6) New York Division and Terminal 1*1 4* (authorized amount $10.000^
000) are secured by deposit with the trustee of all the Staten Island Rapid about 80 miles, connecting Van Buren, Ft. Kent and St. Francis, which
Transit refunding 4s as Issued ($5,000,000 authorized), all the $350,000 were mostly opened In Jan. 1910; other extensions by Bang, to Ar. aggre
Balt. to N. Y. 1st 5s and the entire stocks of those companies. Of the gating 35 m. have been authorized. V. 85, p. 020; V. 89, p. 161.
Remainder of St. John River extension. Ft. Kent to Grand Isle, 28 miles,
bonds *5,000,000 were Issued on June 30 1910 but held In the treasury, the
balance being reserved for the further equipment, development and extern was opened Nov. 28 1910.
RAILROAD COMPANIES
[For abbreviations, A c., see notes on first page]
Ban & Ar(C<w.)| ir t ru Ser I) ggu $45,000 dues-aPe.Pc*
riatli & Hammondsport— 1st mortgage.....................
Second mortgage------------------------------------------------Beaum’ t & (it Nor— ls*M g $40,000per m red 102 4 - G
Beech Creek Stock (guaranteed 4 % by endorsement)
First mortgage gold guar p A I (endorsed) - K.cAr
Second M for $1,000,000 g guar p A 1 (end). Un. cAr
Clearfield Bitum Coal 1st M Int guar by Bh Cr g _c
Beech Creek Exten— Is VI $4,500,000 g guar p A I O.c*
Beech Creek consol mtge $20,000,000 gold G.c* Ar
Bellingham Bay & Brit Col—1st M $1,000,000 gold 8 f
Belt RR & Stock Yard ol Indianapolis— Stock_______
Preferred stock cumulative. ___________________
First mortgage for $1 ,ooo.000 currency___________
New mortgage. $1,000,000 gold__________________
Belt Ry of Chattanooga— First mtge gold— MeBa.c*
Belvlaere Delaware-Stock $4,000,000 _________ .
Consolidate guaranteed by United Co’ s sinking fd -.r
mortgage >guaranteed by United Co’s sinking fd -.r
of 1875
tissue $600,000 reduced by sinking fd r
$4,000,000 Iguaranteed by United rn'< sinking fd e*
Bennettsviile & Cheraw— 1st M $150,000 g--M e.Ba.
Bessemer ct I akc i.nv Erie equipment trust--------Locomotive equipment trust_______________ _____
Standard equipment trust........ ................................
Bessemer eq •!•> •>• m 'rest., due $110,000 yearly..
Gonneaut equipment tru s t...........................- ...........
National equipment trust due $40,000 May yearly.
Bing & Gar— 1st M g g» red 110bcg'13 convJuIy’ l l - ’ 14
Birmingham Belt See St Louis & San Francisco
Birmingham Terminal —1st M $3 ,000,000 gold guar
Bloomsburg & Sullivan RR— First M $400,000----- FP
Second mortgage Income non-cum $200,000. . ..F P
Boca & Loyaiton— First M $675,000 gold call 110 c*
Boonville St 1. & South Ry -1st M gold $1,000,000 .c*
Boston & Albany— Stock ($30,000,000 authorized) —
Bonds (not mortgage' guaranteed prln A Int---------c
Bonds (not mortgage! $."> non non
Bonds (not mtge) $2,500,000 (V 71.p 1218:V72,p.44)
Bonds (not mtgei $4,500,000 due 1934) gu p & 1__
Bonds (not mtge) $2,000,000 gn p A Int_________
Miles Date
Road Bonds
1907
1889
1893
1909
Par
Value
$1,000
1,000
1,000
1,000
165
165 1886
1,000
165 1892
1,000
1891
100 Ac
59 tool 1.000 Ac
1905 1,000 Ac
All
1,000
1901
50
50
1881
1,000
1900
49 1895
1,000
____
50
81 1885
1,000
1,000
81 1887
1.000
81 1893
1,000
81 1903
___
1911
1,000
1U03
1,000
1903
1,000
1905
1,000
.- 1907
—
lo io
1907
29 1898
29 1898
56 1903
44 1881
392
1902
1893
1901
’ 0 «-’09
_ 1910
500 Ac
Rate
%
When
Payable
Last Dividend
and Maturity
V. A O To Apr 1 1917
J & D June 1 1919
A A O Oot 1 1923
J & J July 1 1939
(,>—J Jan 3 1911 l %
J A J July 1 1036
J A J July 1 1936
J A J Jan 1 1940
A A O Apr 1 1951
A A () Apr 1 1955
1 A D Dec 1 1932
I A J Jan 11911 3%
Q— J Jan 11911 1 4
M A N vpr 30 1911
1939
300.000
5
J A J July 1 1945
1,253,000 10 In ’ 10 See text Dec 31 ’ 10 10%
500,000
VI A s Sept 1 1925
4
749,000
4
F
A Feb 1 1927
500 000
4
J A J Jan 1 1933
973 non
3 4 v J A J Jan 1 1943
150,000
5 g J A J Jan 1 1941
1,220.000
5
VI
leh 1 1922
150.000
5
VI A s Mch 1 1913
1,060.00(1
5
V A 0 Apr 1 1925
1 . t n o on.
VI A
5
Vfch 1918-1927
5
300.000
A A 0
M A N May ’ 911-191 o '
5
200,000
2.500,0 0
6 g J A j July 1 1920
5g
5
100,000
5
2 00 ,000
605.000
6 g
6,000.000
4
5,000,000
Jg
1,000.000
5g
7 21.500
4g
3.500.000
34 g
3.964,000
4g
659,001'
5e
1,000,000 6 In 1910
500.000
6
1,000,000
6
$
8 5 .0 0 0
1.94 1,000
1.00'4£
100 Ac
5
351 .70('
199,600
100 Ac
5
524,000
6g
1.000
1,000
400,000
6g
100 25,000,000 See text
1,000
3,858,000
34
1,000
3.627,000
4
1,000
1 ,000.000
34
1.000 11,500,000
4
2,000.000
4
ORGANIZATION — Organized Fel. 13 1891. State of Maine refunds
85% of all taxes levied
For organization sec V. 36. p. 855
Owns entlrt
stock of and leases for *88 years Northern Maine Seaport R R .. which In
Nov. 1905 opened extension from La Grange. Me., to Searsport, on Penob
scot Bay 54 miles
V
81. p. 1549' V. 84. p. 693.
STOCK.— $2,983,800 as Increased In 1910 by $494,200, to build exten
sions. V. 84, p. 1549.
DIVIDENDS
1 '•* % semi-annually Jan. 1904 to Jan 1005, both In
•luslve; July 199* t» Jan 1911, 4% yearly.
BONDS.— Plscat. Dlv. $s, see V. 67, p. 1159: V. 68 , p. 84, 329. Of the
consol, ref. gold 4s, $12,500,000 were reserved to pay off the outstanding
bonds, Inc'udlng those of controlled roads, car trusts and pref. stock and
to acquire such controlled roads; $3,000,000 for Improvements over a series
of years and $4 500,000 for extensions at $25,000 per mile. Including equip
ment. V. 73, p. 289. 896: V 74 p. 93. The Northern Maine Seaport bonds,
of which $4 668,000 Issued ($5,000,000 authorized) are guaranteed. V 81.
p. 265; V 82 p 392: V 84 p 391 . 692: form of guaranty V 81 n 727
The Washburn Ilxtcnsloa 1st M. 5s of 1909 cover the road from Masardls
to Stockholm, Me., 48 m., with 7-m. spur, operated from June 20 1910.
V. 90, p. 848. 913.
The St. John River Extension 1st 5s of 1909 ($1,800,000 auth. Issue),
guaranteed prln. A Int., wuru Issued at $30,000 per mile, the 60 miles being
completed In Nov. 1916.
LATEST EARNINGS.— /1910_______Gross, $1,242,436; net, $428,271
5 mos., July 1 to Nov. 30.) 1909_______Gross. 1,195,234; net, 475,146
Surplus after charges In 5 months of 1910, $43,994, against $133,281 In 09.
ANNUAL REPORT.— Report for year ending June 30 1910, In V. 91,
p. 1155, showed: Gross, $3,163,272; net, $1,377.982; charges, $1,026,803;
dividends (4% ), $104,212: Improvements and equipment, $161,949; bal.,
surp., $85,01$. In 1908-09. gross, $2,916,815; net, $1,127,640. Directors
Oct. 1908, V. 87. p. 1088.— (V. 90, p. 913; V. 91, p. 1155.)
BATH A HAMMONDSPORT RR,— Bath, N. Y .. to Hammondsport. N
Y ., 10 miles. Control aoqulred by Erie R R . In 1908. Stock, $100,000.
Year ending June 30 1910, gross. $45,659: net. lncl. other Income. $18,425:
Int., taxes. Ac., $19,240; bal., def.. $815.— (V. 79, p. 1954.)
BEAUMONT & GREAT NORTHERN RR.— Owns Trinity, Tex., to
Livingston 33.4$ miles. Extension from Trinity northwest to Weldon, 20
miles w a s let In Oct. 1910. Stock, $370,000, in $100 shares. Guaratny Tr.
Co N Y , mort. trustee. V. 90. p. 235. In Aug. 1910 all the stock and
bonds were acquired by President Carlisle. V. 91. p. 588. Pres.. W’ llllam
Carlisle. Atchison. Kan.: Sec. and Treas., VV. S. Bartlett, Office, Onalaska,
Tex.— (V. 00. p. 235: V. 91. p. 588.)
BEECH CREEK R R .—(>S»c Maps N. Y. Central A Hudson River RR ) —
ROAD.— Jersey Shore, Pa . to Mahaffey, 112 m.: branche* to Phlllpsburg,
to mines, Ac., 53 miles; total, 165 mile*.
LEASE, Ac.— From Oct. 1 1890 leased to the N. Y. Cent. A Hud. River
RR. for 099 years at Interest on bonds and 4% on stock, and since May 1
1899 operated directly as a part of Its Pennsylvania division. V. 6 8 . p. 872.
Carries mostly coal and coke. S e e guaranty. V. 62, p 570. The bonds are
endorsed with New York Central's guaranty of principal and Interest.
See V. 52. p. 570.— (V. 7$. 1398 )
BEECH CREFK EX TENSION RR.— (.See Maps N . Y. Cent. A Hud. Rlv.)
—Clearfield, Pa., to Keating. 52.14; Curry to CurwensvlUe. 15.77 m.; Har
mon to Irvona, 26.76 m.; Mahaffey to Arcadta, 12.95 m.; branches, 19.84 m.;
total, 127.4a miles. A low-grade coal line leased to New York Central
A Hudson River Railroad (which owns the entire $5,179,000 stock and
$3,964,000 consol. 4s) for 999 years from June 1 1905, bonds being guar,
p. A 1, Of the consols, part Is reserved to retire, $ for $, old bonds. V. 80,
p. 1174, 1479; V. 31, p. 30; form of guar., V. 82, p. 1267. (V. 82, p. 1267.)
BELLINGHAM BAY & BRITISH COLUMBIA RR.— Bellingham to Gla
cier, Wash.. 44.16 m.; branch from Hampton to Lynden, 5.31 m.; spurs,
6.90 m.; yard track and sidings, 6.60 m.: total, 63.03 m. Stock, $1,000,
000, all owned by New York and San Francisco parties. Loans and bills
payable June 30 1910. $228,000
Year ending June 30 1910. gross. $273.
957: net Income. $64 653, Interest and taxes, Ao., $60,084: bal., sur.,
$4,569. Pres.. H. H. Taylor — (V 81. p. 840.)
BELT LINE RY. OF MONTGOMERY — Owns real estate and a belt une
In Montgomery A la., about one mile of track on Tallapoosa,Bell, Perry and
Columbus streets
Atlantic Coast Line RR pays an annual rental of $15.
531. Atlantic Coast Line RR.owns about 99.9% of the $200,000 stock; par.
$100. The $200,000 6 % bonds were paid off at maturity, Jan. 1 1910.
V. 90, p. 107. Year ending June 30 1910, gross, $20,500; net, $14,428;
charges, $11,036; balance, surplus, $3,393.— (V. 90, p. 107.)
BELT RAILROAD & STOCK YARD OF INDIANAPOLIS.— Owns 14
mile* of belt road Ac
Leased for 909 years to Ind Union—which see
DIV’ND— 1Preferred In (Common ’04. ’05. ’06. ’07. ’08. '09. ’ 10. 1911.
Since 1897
f full to date.lstoek.% 7
8
8 11 12
6
6 Jan., 3
In July 1909 $1,000,000 30-year 4% bonds were sold fordelivery In 1011
to retire the 6s due April 30 1911. V. 89, p. 40. Pres., S. E. Rauh,
Indianapolis, Ind.— (V. 89, p. 40.)
BELT RAILWAY (OF CHATTANOOGA, TENN.)— Owns 49 miles of
belt railroad In Chattanooga, Tenn. V. 67, p. 72.
Leased till July 1 1945 to Alabama Great Southern R R .; rental guaranteed
to meet Interest on first mtge bonds, taxes and maintenance
STOCK
Is $300,000. owned by Alabama Great So. Ry. There are also $24,000 2d
M. 4s due 1945, redeemable at par: coup paid Jan ’01 to Jan ’l l lncl.
BELVIDERE DELAWARE RR.— Owns from Trenton, N. J., to Manun
ka Chunk, N. J.. 67 miles; Flemlngton RR. Ac., 14 miles; total operated,
81 miles. Leased to United Companies, and transferred to Pennsylvania
R R . March 7 1876. Net earnings paid as rental.
Dividends.— 1897 to 1906, 5% yearly; 1007 to 1909 (Feb. or Mch.), 10%
yearly: Dec. 1909, 5% (s.a.); 1910, Deo. 31, 10%.
BONDS.— All of the outstanding bonds are secured by the consolidated
mortgage of 1875 for $4,000,000; sinking fund, 1% of outstanding bonds If
earned. The Issues of 1S85, 1887 and 1903 aro guaranteed by the United
New Jersey RR. A Oanal Co. Guaranty, V. 76, p. 918.
Amount
Outstanding
VI A s Mch 1 1957
J A J Jan 1 1928
r A J Jan 1 1928
A A 0 Apr 1 1923
F A A Vug 1 1911
Q VI D e c 3 l’ l0 2H %
A A O \pr 1 1952
\ A O >ct 1 1913
J A J Jan 1 195)
M
May
933-34
,\1 A N May 1 1935
Places Where Interest and
Dividends are Payable
Brown Bros, N Y A Boat
50 Church St. N Y
do
do
New York
Grand Cent Station, N Y
do
do
do
do
Knickerbocker Trust,NY
Grand Cent Station, N Y
do
do
U S M A Tr Co, NY; ASF
Co’s office, Indianapolis
do
do
W H Newbolds, Phlladel
Mercantile l’ r & Dep,Balt
Broad St Station, Phlla
do
do
do
do
do
do
do and Bk Com,NY
Home Tr Co, Hobok, N J
do
do
do
do
do
do
Kqult’ l Tr Co, New York
F I T A s D Co, Phlla
Reg Bloomsburg. wh earn
(1 S M A Tr, N Y ; A S F
Amer l\xch Bank. N Y
Office. Term Stat’ n. Bost
do
do
do
do
do
do
do
do
EARNINGS.— In 1909, gross. $1,773,860: net, $323,002; other Income,
$37,703; Interest, taxes, Ac., sinking fund and other charges, $211,113;
dividends (10% ), $125,300: surplus, $24,291.— (V. Ill, p. 1765.)
BENNETTSVILLE A CHERAW R R .—Owns Kollock*. 3. C., on Sea
board Air Line, via Bennettsviile, to Brownsville, 34 m. To be extended
over 11 miles to Sellers on Atlantic Coast Line. Purchased by present
owners about March 1907. Stock, $125,000. Bonds Oinking fund $3,000
yearly), V. 92, p. 116. Year ending June 30 19t0, gross, $78,096, net afte*
taxes,'$34,380. Pres., J. J. Hecker; Sec. and Treas., Geo. Burchlll. Offle*
Bennettsviile, S. C.— (V. 92, p. 116.)
BENNINGTON A RUTLAND RY— See Rutland R R .— (V 70. p. 685.)
BERKSHIRE RR.— Sold In July 1910 to New York New Haven A Hart
ford R R . V. 91. p. 154.
BESSEMER & LAKE ERIE R R .—Leases Pittsburgh Bessemer A Lake
Erie R R .. Bessemer, near Pittsburgh. Pa., to Conneaut Harbor Lake Krto,
Ac with branches, a total of 20!) miles for 999 years from April | 1901;
owns 9 miles; total, 218 miles. V. 72, p. 137. Stock, auth., $500,000,
Controlled by the Carnegie Co. and so by U. S. Steel Corporation. Guar
anty of Marquette A Bessemer Dock A Navigation bonds. V. 77, p. 1228;
V. 76, p. 1358; V. 82, p. 160.— (V. 82, p. 160.)
BINGHAM CENTRAL R Y — (V. 92, p. 116.)
BINGHAM & GARFIELD R Y — V. 90, p. 1674: V. 91, p. « 5 l. 716.
BIRMINGHAM A ATLANTIC RR.—Talladega to Coal City. Ala., 31
miles; branches, Rogans to ore beds, 9 miles, and Furnace to VVelsIngors
3 miles; total, 43 miles. Stock. $1,000,000, all common; par of shares.
$100. Bonds. $500,000 40-year first 6s due Nov l 1931 ($1,000 each);
Interest, payable MAN In default
Year ending June 30 1909 gross,
$21,728: net Income. $856- taxes, Ao., $3,0 8; bond Interest, not paid,
Pres., Sidney H. March: Sec. A Treas.. John Carlsen, 25 Broad St., N. Y.
BIRMINGHAM TERMINAL CO.— Owns passenger terminals at Birming
ham, Ala. Stock all owned by the Illinois Central. Southern Ry., Seaboard
Air Line, Central of Georgia, St. Louis A San Francisco and Alabama Great
Southern, which lease the property and pay all expenses, charges and 4%
dividends on the stock and Jointly guarantee the bonds. Of the bond*
($3,000,000 authorized), $1,060,000 are reserved for additional properties.
V. 83, p. 1227; V. 85, p. 404. Guaranty, V. 90, p. 848.— (V. 90, p. 848.)
BLOOMSBURG A SULI IVAN RR.— Owns Bloomsburg to Jamison City,
Pa., 29 miles. Stock Is $600,non; par, $50. V. 66. p 8 0 , 952. Year
ending June 30 1909, gross, $91,203; net, $37,882; ather Income, $3,663;
Int., taxes, Ac., $41,353; balance, surplus, $192.— (V. 66, p. 80, 952.)
BOCA & LOYALTON RR. —Owns from Boca, on Central Pacific main
line, northwesterly via Loyaiton to Beckwith. 40 miles; 6 miles additional
main line and 10 miles of branches; total, 56 miles. The Den A Rio Gr.
June 30 19tO owned 51% of stock.
Stock, $1 200,000 par of shares. $15. Bonds cover also Roberts Lumber
Co.’s property comprising 52 769 acres of p'ne lands, water works, Ac.
Mercantile Trust Co. of San Francisco Is mortgage trustee. They are sub
ject to call for sinking fund at 110 and Interest. V. 76, p. 1191. For year
ending June 30 1909, gross, $201,645; net, $98,270; charges, $80,002; bal.;
sur., $18,268.— (V. 81, p. 667.)
BOLIVIA RY.— V. 89, p. 1667; V. 90, p. 107: V. 91, p. 716.
BOONVILLE ST. LOUIS A SOUTHERN R Y . -B oon ville to Versailles,
Mo., 44 miles. In July 1909 an extension of lease t* Missouri Pacific was
arranged for 99 years from July 1 1910 at annual rental of $25,000. taxes,
expenses, Ao.; also a new Issue of $400,000 of 99-year bonds bearing a lower
rnto of Interest to refund the old 6s due Aug. 1 1911. V. 89, p. 284. Stock,
$250,000; par of shares. $125.— (V. 89. p. 284.)
BOSTON A ALBANY RR. -O w ns from Boston. Mass., to Albany, N. Y.S
200 miles, branches, 104 miles; leased lines, 88 miles; total, 392 mile*.
Leased In 1900 for 99 years to the New York Central A Hudson River R R .
for guaranteed rental or 8 % per annum on the $25,000 000 stock. payable
quarterly (March 30. A c.), organization expenses, Interest on bonds, taxes;
expenses of maintenance, Ac.
The B. A A received for certain property
not Included In the lease $5,500,000 In N. Y Central 3 Hi % 100-year deben
tures, thus adding .77% per annum to 8 % guaranteed on stock. See lease
In V- 69, p .282; V .69,p . 1061,1 102 1246; V .70 p 74; V 71 p. 645.063,
In Itios S7,000,090 '■> ' <-r %
-vere s«l<|. eoaranl■■ i nrln arid
Int. by New York Central A Hudson River RR. No mortgage can be
placed on the property without jointly Including the bonds In the lien.
V. 86 , p. 1099, 1158, 1466, 1528: V. 88 , p. 99. In June 1909 Issued $4,500,
000 25-year 4% bonds for additions and impr'ts and In 1910 sold $2,000,000
25-year 4s. V. 88 , p. 1060; V. 89, p. 102; V. 89, p. 161; V. 90, p. 1169,
1162: V. 91, p. 335, 396.
DIVIDENDS.— Since 1900, 8 H % , viz., 2% each In March and Sept.'
2 4 % In June and 2H % In Dec.
EARNINGS as reported to State Railroad Commission by lessee:
Calendar
Operating
Oper. Inc.
other
Interest,
Balance,
Year—
Revenues, (after Taxes). Income.
Divs.,Ac
Deficit.
1909 .................$13,027,765 $2,796,287 $149,009 $$,523,130 $577,834
1908 ............... 11,098,074
1,452,089
96,783 3,173,050 1,624,177
— (V. 89, p. 102, 161: V. 90, p. 1169, 1612; V. 91, p. 335, 390, 945.)
BOSTON A LOWELL RR. — ROAD — Owns Boston to Lowell. 26 miles’
branches— Salem and Lowell, 17 miles; Lowell -ind Lawicnce, 12 miles;
others. 45 miles; Middlesex Central, 11 miles; leases—Connecticut A Passumpslc, 146 miles; Nashua A Lowell, 15 miles; Peterborough. 10 miles;
Northern N. H , 83 miles (and subsidiary Hues 90 miles) Stony Btook R R .,
15 miles: Wilton RR 13 miles Leases mostly assumed bv BostonAWalne.
Leased in 1887 for 99 years to the Boston A Maine at 7% per annum on
stock till Jan. 1 1897 and 8% thereafter. The stockholders voted Jan. 4
1911 to Increase stock from $7,119,400 to $7,399,400. the $280,000 new
stock to be sold for additions and Improvements. V. 91, p. 1716.— (V. 90,
p. 696; V. 91, p. 1710; V. 92, p. 59.)
.
.
W h ltb v
BUFFALO, ROCHESTER
m PITTSBURGH RAILWAY
Oswei
_ ^ —K o r th ,
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GRAND
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R ic h la n d .
AND C O N N E C T IO N S ___^
TRUNK
N orth C reek
'u l t o n C h a i n
S an dy C reek Jc.
TOnONTj
S h ip p e n s b u r g / o '
Hunters Run
lo lu t n b ia '
RAILROAD COM PANIES
[For abbreviations, A c., see notes on first page]
Bos & Low— Stk auth ($7 399,400)1
Bonds 20 years not mortgage------ See description
Bonds
do
do
------ In “ Investors’
Bonds
do
do
------ Su p p lement”
Bonds
do
do
------ of Apr,, 1895,
Bonds
do
do c * ------ p. 2.
Bonds
do
do c * ------ Boston AMalne
Bonds
do
do
------ gives a rental
Bonds
do
do
------ guaranty for 99
Bonds
do
do
c ------ years.
Bonds
do
do
----Bonds
do
do
-----Boston & Maine— vStock, common and scrip---------OB
Preferred stock 6% non-cumulatlve___________ OB
Improvement bonds s f not mortgage or subj to call
Bonds (not mortgage) for Improvement & r e f--c « r
Bonds (not mortgage) g o ld ---------- ___________ cccr
Bonds exchanged for Fitchburg stock (V 70 p 175)
Bonds (not mortgage), $1,000,000
Bonds $2,000,000 (not mortgage)
Bonds (not mortgage), 20 year —
Bonds (not mortgage), currency. - ___________ cocr
Bonds (not mortgage) $12,000,000. __________ cAr
Portsmouth Great Prills & Conway 1st M assumed.
Boston & Providence— Stock 10% guar 99 yrs Old Col
. .c*
Bonds, not mortgage— — ------- ........ .. .
Boston RR Holding Co— Pref stk 4% cum red 110--gu
Boston Revere Beach & Lynn— Stock.
................
1st M(V 65,p 68; V 83,p 379)$1,000,000 g-.S B .c* Ar
Boston Terminal Co— First mortgage c u r r ... . OB.cA
Brinson R y —1st M, $1,000, >0 » g 1
_______ Fc*
Brunswick & Western—See Atlantic Coast Line KR
Buffalo Cr— Con (now lst)M $1,000.000 g Int as rent.c*
Buffalo New York & Erie— See Erie Railroad
Buffalo Rochester & Pittsburgh—Common sto ck .-Tr
Pref stock non-cum common 6% then pro rata Tr
R & P 1st M gold Rochester to Salamanca.- -Un.c*
Rochester A Pittsburgh con M g . .................Un.c
B R A P first gen mtge ($10,000,000) gold----Un.c
Line P & Char* 1st M gold guar— .................Un.c
B R & P consol mtorp $35 .non 000 go*d Ce x.r *A
Miles Date
Road Bonds
__ __
__ 1892
_ 1893
1895
__ 1896
’97-’98
’99-’01
1003
__ 1905
__ 1906
__ 1907
__ 1909
__ ___
__ ___
__ 1887
__ 1892
__ 1894
__ 1900
__ 1901
__
_ 1903
1905
_ 1906
__ 1909
73 1877
68 —
_ _ ’88-’93
__ ___
_ - ___
9 1897
- - . 1897
_.
1. 1 i
6 1891
_
urn
230
2/3
U>
353
___
- -- -
1881
1882
1887
1889
1907
Par
Value
$100
1,000
1,000
1,000
1,000
1.000
1.000
1.000
1,000
1,000
1,000
1,000
100
100
1,000
1,000 &c
1,000
1,000
1,000
1,000
1,000
1,000 Ac
1.000 &c
500 Ac
100
1,000
100
100
1,000 Ac
1,000 Ac
1,000
1,000
Amount
Outstanding
Rate
%
1,000,000
5g
When
Payable
Last Dividend Places Where Interest and
and Maturity
Dividends are Payable
$7,119,400
8
J A J Jan 2 1911 4%
A A O Apr 1 1932
4
1,000,000
4
F A A Feb 1 1913
1,000,000
4
M
500,000
S Mch 1 1015
4
750,000
J A J July 1 1916
do
A & O Oct 1917 A 1918
414,000
4
do
1 A .1 1919 A 1921
939.000
344
do
250,000
3 H VI A N May 1 1923
do
500.000
344 VI A S Sept 1 1925
do
4
500,000
M A N Nov 1 1926
do
do
4
325,000
.r A J July 1 1927
do
do
4
350 000
V. A O April 1 1929
do
do
See text,. 6 in 1910 Q—J Jan 2 1911 1 H 1?, At Off,Causeway St Bo*
3,149.800
6
M A S Sept 1 1910 3%
do
do
1 ,919,000
F A A Feb 1 1937
4
do
do
2,500.000
4
F A A Aug 1 1942
do
do
6,000,000
4H g J A J Jari 1 1944
do
do
5.45 1 000
do
3 g .r A J July 1 1950
do
1 ,000,000
OH M A N Nov 1 1921
do
do
2,000,000
do
do
OH J A J Jan 1 1923
500,000
OH 1*’ A A Feb 2 1925
do
10.000.000
4
M A S Sept 1 1926
11.700,000
4 H A A O April
1929
New York and Boston
1,000,000
4 H J A D June 1 1937
do
do
4,000,000
10
Q— .) Jan 2 1 9 U 2 4« Boston Term Room 424
.1 A J Julv 1 1918
2.170,000
4
See text
4
j A .110
850.000 6 In 1910 j A 1 Jan 2 1011 O'?.
850,000
4 H g j A J July 15 1927
State St Trust Co, Boston
14,000 .one
Text
Feb 1 1947
State National Bk Boat
420,000
,i A X day
5g
1935
New York
j
100 10.500,000 4 in 1910 F
100 6,000.000 6 In 1910 F
1.300.000
1 .000
6g
F
3.920.000
1,000
-I
3g
1 ,000 4,427,000
M
5g
1,000
350.000
5 g .1
1.000 Ac 6.189.000
4K g M
A
J Jan 1 1941
A
A
A
A
A
A
A
A Aug 15 1910 2% 36 Wall St
A Aug 15 1910 3%
do
A Feb 1 1921
do
D Dec 1 1922
do
S Sept 1 1937
do
J Jan 1 1939
do
1057
N Mav 1
do
U S Mort A Tr Co. NY
New York
do
do
do
do
do
do
BOSTON & MAINE RR.— ROAD.— The system with Its many branch
DIVIDENDS.—
/ ’95. ’96. ’97-'05. ’06. ’07. ’08. '09. ’ 10. 1911.
lines covers the territory from Boston, Mass., to Portland, Me. (two divi (Since 1894)________ %\ 4
3 2 y ’ly.
4
5
6
6
6 Jan., 3
sions), Springfield. Mass., Sherbrooke, Can., Rotterdam Jet. and Troy
Yr. end. June 30 — Gross.
Net. int.&taxes.
Dies. paid. Lai.,sur.
N. Y .. Worcester, Mass., to Portland, Me., and most of New Hampshire.
1909-10..................... $887,889
$119,948 $67,590 (6%)$51,000
$1,358
121,533 69,493
(6%)51,000
40
Lines owned.
Miles.
Lines leased— (Concluded). XIties. 1908-09..................... 863,475
Boston, Mass., to Portland, Me.,
Fitchburg.............................
u458 — (V. 83, p. 270, 379; V. 84, p. 1365; V. 87, p. 676; V. 91. p. 1384.)
via Western Division,............. 115 Nashua A Lowell_______________ al5
BOSTON TERMINAL CO.— Owns Southern Union Depot In Boston
Boston to Portland, Eastern DIv. 108 Worcester Nashua & Rochester. a04 opened
In 1899. V. 68 p. 40; V. 69, p. 501. Boston A Albany. New Eng
Jewett. Me., to North Con
Connecticut River R R _________ a81 land. Boston
A Prov., Old Colony and N. Y. N. H. A Hartford RR Cos.
way, N. H__________________ 73 Other ________________________ 36 each
owns
one-fifth of the $500,000 capital stock and pay ns rental In monthly
Portsmouth Electric R y ............. 18 Trackage righ ts_______________ 10 Installments
sums sufficient to pay all expenses, charges. Interest on bonds
Portland, Me., to Rochester,
and 4% on stock. These companies are Jointly liable for any deficiency In
N. H .......................................... 54 Total operated July 1 1910___ 2.290 case
of foreclosure. Reg Int payable Q F; coupons FAA.— (V .8 7 .p 224.)
North Cambridge to Nortbamp
2d track (3d & 4th track. 10) 564
BRAZIL RY.— V. 90, p. 396.
Oft Controls Maine Cent. System ..1,164
ton Mass___________________
Sundry branches________________ 184
St. Johnsbury A Lake Champ 125
BRINSON RY.— Owns Savannah. Ga., to Mill Haven, 72 miles, com
Lines leased, a See this company.
York Harbor A Beach_______ 12 pleted Sept. 1909; extension under construction from Mlllhaven to Waynes
Boston A Lowell_______________ a480
Vermont Valley____________
24 boro, 26 m., of which 7 m. to Sardis operated Jan. 1911 and tracklaying on
Concord A M o n t r e a l ___
n4~0 . Sullivan County___________
26 remainder to begin shortly. Projected to extend from Savannah to
Boston R R . Holding Co. owns 51 % of stock, which cannot be transferred Athens, 180 miles.
without permission of Massachusetts Legislature. V. 92, p. 117.
STOCK.— Common, $1,000,000, all outstanding; pref., 7% cumulative.
Boston A Maine guarantees 81,328.000 first 5s of St. Johnsbury A Lake $500,000;
outstanding, $275,000; par, $100. Of the bonds ($1,000,000
Champlain
Also Interest on 5274,000 Manchester A Lawrence 4s Jointly auth. issue),
the remaining $580,000 are Issuable at not over 85% of tho
with Maine Central guarantees *300.000 Portland Station bonds
cost
of
extensions
Improvements, but only when the net earnings after
In 1910 purchased $1,777,100 of the $3,099,800 Wore. Nashua & Roch. taxes, repairs, Ac.,and
for 6 consecutive months within the last 8 months shall
stock. V. 90, p. 625.
have been twice the lnt. charge for a half-year, lncl. the bonds applied for.
• STOCK.— Stockholders voted Nov. 2 1910 to increase the common stock V. 91, p. 335. For 7 mos. end. March 31 1910, gross, $89,808; net, $43,779.
by $10,663,700 for Improvements, the new stock being offered pro rata Pres., Geo. M. Brinson. Office, Springfield, Ga.— (V. 86, p. 720, 1158;
at 110, payable In full Jan. 10 1911 or in 4 equal Installments on Jan. 10, V. 88, p. 944; V. 90, p. 1554, 1674; V. 91. p. 335.)
April 10, July 10 and Oct. 10 1911, the proceeds to be used for equipment,
BUFFALO CREEK RR.— Owns 6 miles of terminal road In Buffalo. N.Y.
Improvements and abolition of grade crossings: common stock outstand
In December 1889 leased for term of charter less one day to the Lehigh Val
ing Oct. 1910, $28,811,690. V. 91, p. 1095, 1253, 1384, 1253, 1628.
ley and the Erie R R .. which together own entire capital stock of $250,000.
BONDS.— As to debentures, see Issue of April 1895.
Rental Is Interest on bonds and 7% on stock.— (V. 84, p. 50.)
DIVIDENDS—
/ ’93. ’91-’ 98. ’99. ’00-’ 07. '08. '09. ’ 10. 1911.
BUFFALO ROCHESTER & PITTSBURGH RAILW AY.— (See M ap.)—
C om m on_______________l 8 6 y ’ ly 6K 7 y ’ ly
6
6 Jan.,114
Operates from Buffalo and Roch.. N. Y .. to bituminous coal regions.
EARNINGS.— 5 m os„ (1910............Gross, $20,001,218; net, $5,727,055
Lines owned in fee—
Miles.
Trackage (Concluded)—
Miles.
July 1 to Nov. 30. 11909______Gross. 19,319,829; net, 6,517,714
Creek, N. Y ., to Mt.
Willow Grove to Pittsburgh, P a. 7
For 3 mos. ending Sept. 30 1910, net, $3,529,195, against $3,996,442 In Buffalo
Jewett,
Pa...........................
100
Penn.
R
R
.—
Penn.
RR.
Jet.
to
1909; other Income, $162,288; charges, $2,518,019; bal., sur., $1,173,464.
Clarion Jet. to Lindsey. Pa. . . .
59
Shuman Run Y , Pa__________ 19
A
ANNUAL REPORT.— Annual meeting second Wednesday In Oct. Re Rochester to Ashford, N. Y . . . . 94 Other .................................
Charlotte, N. Y ., to Lincoln Park 10
Leased—Stock not owned—
port 1909-10 In V. 91, p. 864.
Indiana Branch________________ 63 Allegheny & Western—a
1909-10.
1908-09.
1907-08.
Punxsutawney to Butler, Pa ,
Passenger................................................. $15,003,066 $13,763,696 $13,844,226 Six branches___________________ 27
Trackage—
A c____________________________ 66
Freight ............................................... 25,451,237 23,014,439 22,486,065
Mall, express, A c..................
2.902,872
2,750,563
2,660.458 Erie— Mt. Jewett to Clarion J e t.. 21 Clearfield A Mahoning—a
Baltimore A Ohio—
Clearfield to Beech Creek R R .. 26
Butler, Pa., to Newcastle____ 41 Mahoning Valley R R ___________
2
Total operating revenues__________$43,357,175 $39,528,698 $38,990,749
Rlbold Jet. to Allegheny C ity .. 33
Net Income (after taxes)..................... $10,732,984 $10,177,225 $9,064,135
Total Sept. 1910 (a See separate statement for this com pany)_______574
Rentals, sinking fund, &c.................
6,098,452
5,930,265
6,542,734
Interest accrued.................
1,783,910
1,859,357
1,769,905
ORGANIZATION. E T C — Successor In March 1887 to the Rochester *
Additions and betterments_________
198,842
41,099
80,537 Pittsburgh, which was foreclosed In Oct. 1885, per plan In V. 41, p. 516.
Dividends on preferred stock, 6 % __
188,988
188,988
188,988
The entire capital stock ($4,000,000) of the Rochester & Pittsburgh Coal
Dividends on common stock _______(6)1,679,532 (6)1,628,373 (7)1,891,633 & Iron Co. was owned (V. 66, p. 1088) and through that company in May
1896 control was acquired of the Jefferson A Clearfield Coal & Iron Co. (see
that co. under “ Industrials” ) with $3 000,000 stock. In 1906 the stock
B alan ce_______ _______ ________ sur.$783,260 sur.$529,143adf$1409,662
of the Roch. & Pitts. C. A I. Co. was transferred (subject to the lien of the
general mtge.) to the Mahoning Investment Co., having $4,200,000 author
a Decreased $543,206 from "contlng. fund,” leaving net def. $866,456.
ized stock In $100 shares. In consideration of $4,125,000 stock, the latte*
OFFICERS.— President, C. S. Mellen; 4th V.-P. and General iAudltor, being distributed Dec. 1906 pro rata In proportion of 25% among the
W. J. Hobbs; Treas., Herbert E. Fisher. Office, Boston.
holders of Ry common and preferred stocks. V. 83, p. 1488. V. 85 p.
Directors.— Chas. S. Mellen, Samuel Hemingway, New Haven, Conn.;
114. 115, report. V. 87. p. 542. Fur bonds of these coal companies see
J. P. Morgan, New York; Lucius Tuttle, Richard Olncy, J. M. Prendergast, .Vllscel rvi«- riearOi-Ui A Manonlng securities are guaranteed.
Alexander Cochrane, Amory A. Lawrence, Boston: Robt. M. Burnett,
DIVIDENDS.—
/ *01. '02. ’ 03. ’ 04-’ 06. ’07. ’ 08. '09. ’ 10.
Southboro, Mass.; Walter C. Baylles, Taunton, Mass.; Philip Dexter, C om
4 5J$6 y ’ly. 5 H 4
4
4
m on.................................%\ 4
Beverly. Mass.; Theo. N. Vail, Lyndon, Vt.: A. W . Sulloway, Franklin,
The Mahoning Investment Co. In Aug. 1907 and March 1908 also paid 2%
N. H.; William Skinner, Holyoke, Mass.; Fred. C. Dumainc, Concord, dlv.
on
Its
stock;
Aug.
1908,
2%
;
1909
and
1910,
none;
V.
88,
p.
685.
Mass; Edwin F. Greene, Wayland, Mass.; Fred. E. Richards, Portland, Me.; Compare “ Organization” above. V. 85, p. 283.
Edward P. Ricker, South Portland, Me.; Chas. F. LInsley, Meriden, Conn.
BONDS — General 5s for $5,573,000 are reserved for prior bonds. &c
— (V. 91, p. 716, 864, 945, 1024, 1095, 1253, 1384, 1628, 1765.)
The $35,000 000 50-year consols are to bear not over 4 H % lnt.. $3,000,
BOSTON & PROVIDENCE RR.— Owns Boston Mass., to Providence, 000 were Issuable at once. $18,145,000 to retire underlying obligations at
R I.. 44 miles; branches 20 miles. Leased 99 years April 1 1888. to Old or before maturity and the remaining $13,855,000 to be reserved for future
Colony RR .; rental 10% yearly on stock. In June 1907 a law was signed requirements after July 1 1908 at not over $1,500,000 yearly In 1908 or
permitting consolidation with Old Colony R R .— (V. 84 p. 1487.)
subsequent calendar years, nr such larger amount In any year as s to c k
holders may authorize. In Feb. 1910 permission was given to sell $1,277,
BOSTON RAILROAD HOLDINQ CO.— Incorporated In Massachusetts 000 bonds for Improvements during the calendar year, and In Aug. 1910 to
June 18 1909 under special Act with power to hold securities of Boston & Issue $117,000 to acquire the Silver Lake R y .,etc., making $6,189,000bonds
Maine. The $100,000 original stock Is to be held by the Incorporators or
V. 84, p. 867, 1306; V. 85, p. 39, 414; V. 86, p. 336; V. 87,
their successors, the N. Y. New Haven & Hartford owning the remaining outstanding.
p.,1009; V. 90, p. 371, 558; V. 91, p. 400, 588.
$3,006,000. See law, V. 88, p. 1618.
fund of 5% will retire series A, B & C equipment bonds annually
Owns $21,701,600 common and $654,300 pref. stock of the Boston A onAMsinking
If purchasable at or below par; otherwise to be applied to the pur
Maine, or 51% of stock (lncl. new stock subscribed for In Jan. 1911), for chase ay1,
additional equipment. V. 68. p. 1131; V 71, p. 501; V. 73, p 348.
which It will Issue $27,054,400 non-voting 4% cum. pref. stock, redeemable Series of
D and h have an annual sinking fund of 6% for purchase of bond*
at 110, guaranteed prln. and dlvs. by endorsement by the N. Y. N. II. A Sept. 1 and May 1, respectively, at 105 and Interest; Ir not purchasable,
IIAuthorized, $20,012,000, $7,042,400 additional to be Issued for bouds may be drawn by lot; Series E may also be called as an entirety at 105.
new B. A M . stock. The B. A M. stock cannot be sold without authority Series F may be purchased by sinking fund at not over par or drawn by lot
from. the Mass. Legislature. V. 92, p. 117, 185; V. 90, p. 1612.
P?r_aIl ,
also be drawn at m2 and Interest on any Interest day. V.84,
The Bjllard Company, an allied B. & M. holding company, In Oct. 1909 at
P. j 385-' V. 85, p. 283, 414, 863. Series G have an annual 6% sinking fund,
Increased Its share capital from $50,000 to $2,000,000.
but cannot be called. V. 89, p. 468; V 91, p. 400.
Pres., Frederic C. Dumalne. Concord, Mass.; V.-P., Walter C. Baylles,
EARNINGS.— 5 mos. to Nov. 30:
Boston; Sec., H. L. Haynes, Southboro, Mass.— (V. 92, p. 117, 185.)
5 Months—
Gross.
Net.
Other Inc. Charges.
Bal., sur.
BOSTON REVERE BEACH & LYNN RR.— Owns narrow-gauge road 1910 .................$4,152,863 $1,581,379 $354,380 $883,439 $1,053,320
1909 . . ............. 4,002,876
1,594,188
140,826
from Lynn to East Boston. Mass., 9 miles, connecting with Boston by com
832,506 • 892,508
pany’s ferry boats; Wlnthrop Division, East Boston to Wlnthrop 5 miles
ANNUAL REPORT.— Fiscal year ends June 30. The annual meeting
In Sept. 1908 $379,100 stock was acquired by Estahrook & Co
V 87 p
Is held at New York on the third Monday In November. The report for
676.
The N. Y . N. II. A Hartfrod and Boston A Maine In Nov. 1910 ap 1909-10 was given at length In V. 91, p. 392, 400. In 1909-10 carried
plied for authority to purchase the road or all or any part of the stock or 6,526.087 tons of bituminous coal (out of 10,170,483 total tons of freight
debt. V. 91, p. 1384. Notes payable July 1 1910, $290,000.
moved), against 5,186,043 In 1908-09.
RAILROAD COMPANIES
[For abbreviations, &c., see notes on first page]
Miles Date
Road Bonds
1909-10.
$8,936,117
Operatlng expenses and taxes--------- 6,094,355
$2,841,762
$3,394,143
677,081
Rentals____________________________
1,189,689
Interest on bonds, A c-------------------12,696
Miscellaneous---------------------------------125.000
New equipm ent------------ ---------------190.000
Equipment bonds retired---------------360.000
Dividend on preferred stock (6%) —
(4)420,000
Year ending June 30-
1,000
1,000
1,000
1.000
1,000
1,000
50
50
500 <Scc
1,000 Ac
1,000 &c
1,000
1,000
1,000
1,000
Amount
Outstanding
Rate
%
$500,000
1,995,000
1,302,000
1.618 000
2, 185,000
754,000
4,656,900
4,000,000
61,500
9.510.000
255,000
511,000
6,000.000
475,000
351,000
585,000
195,000
4h
4H
4M
4H
4X
4g
4
4
5g
4g
6
6
4H
5
5
5
5
When
Payabl
A
&
&
&
&
&
J &
C— M
A A
J &
F A
J &
g M &
J &
A A
F &
F &
g
g
g
g
g
M
M
M
M
A
A
Last Dividend Places Where Interest and
Dividends are Payable
and Maturity
May 1 1919
36 Wall St., New York
May 1 ’ 20 ’ 21
do
do
Nov 1 1919
do
do
May 1 1922 •
do
do
Apr 11927
do
do
Oct 1 1929
do
do
Jan 1 1910 2 % July ’ 10 pay’ t In default
Mch 1 1910 1% June’ 10
do
do
Oct 1913
Harvey Fisk A Sons, NY
July 1910 coup not paid
Apr 11951
Amer Exch Nat Bk, N Y
Aug 1 1911
Wm Salomon A Co. N Y
July 1 1911
May 1910 coup not paid
Apr 1 1953
July 11 July ’ 16 N W Harris & Co, N Y
Apr 11 Apr ’ 17 N W Harris A Co, N Y
Aug T 1-Aug ’ 17 KnlckerbockcrTrCo, N Y
Aug ’ 11-Aug ’ 17 Penn Co for Insur, Ac
Pacific R y and also Rock Isl and Cc
1,000
1.000
1,000
500 Ac
500 Ac
1.000
1,000
25
1.000
u
O
V3
1899
Buff R & P (Own) Equ.p bds $500,000 gold s f Ser A . G.<>
1900-1
do do
B & C($995,000 Ser B)each gold s f..G
1902
do do
D $2,000,000 gold red 105 sink fu nd.1904
do do
E $2 ,000,000 gold red 105 sink fund-,
1907
do do
F $3,000,000 gold red sinking fu n d .. .
1909
do do
G $3,000,000 gold sink fund-------- -G
Buffalo & Susquehanna RR—Common stock guar 4%
Preferred stock non cum guaranteed 4 % - - - - - - - ■-tv
102 1893
First M gold sinking fund redeem at p ar.--M e c*&r
265 1901
First refunding mortgage gold (see text)—Mp.c*&r
1910
Receiver’s certificates redeemable at 1 0 1 - - - - - - - - - 1910
Buff & SusqRy—Receiver’scertfs$750,000authred 101
1903
First M $5,000,000 gold--------------------- __ - Us-C &1
1906
Eoulpment
W
do trust^ bonds
R (y$44,000
g5 p 3g)due
$27seml-an.Usm.c
000 8.a _ u stJ,
1907
1907
do
do
Ser C (V 85 p 283) $45,000 s-a-PeP
1907
do
do
Ser D $15,000 semi-annually...........
Rnllfrog-(loldfield RR -See Tonopah & Tidewater Ry
Burlington Cedar Rapids & Northern—See Chicago R ock Is! and A
Burlington & Missouri Valley— See Chicago Burllneto n <So Q ulncy.
1907
Burr’ s Ferry Browndel & Chester— First M gold-.xc*
California Pacific— See Southern Pacific RR.
27 1910
Cal VV RR & N— 1st M $500,000 gold guar s f (text) -c*
103 1891
Cambria & Clearfield— 1st M ($2,000,000) g ----- QP.c*
30 1882
Bell’s Gap consol M sink fund not drawn— GuP.c*
46 1886
Clearfield & Jefferson first mortgage.............GuP.c*
76 1890
Pennsylvania & N W gen M $2,500,000------- GuP c*
392 1905
Cambria & Clearfield general mortgage gold---------30
Camden & Burlington County— Stock 6% guaranteed
30 1897
First M g gu p & 1 by Un N J RR & Can C o.-G P.c*
396 1905
Canada Atlantic— Con (now 1st) M g gu d A 1 —
1906
Pemb South 1st II, guar (V 82, p 451, 1101)----’ 37 1909
Central Counties 1st i\l int rental (V 90, p 1169)-457
Canada Southern—Stock-----------------------------------404 1878
1st M ext In 1908 (Can money)..............................
404 1883
Second M for $6,000,000 (Can money)
do
c&r
16 1895
Leamington A St Clair 1st M g gu p A 1 (e n d )...c *
125 1896
Canadian Nor— L Man Ry A Can Co $8,000 p ml Guar.
177 1899
Canadian North Dlv $8,000 per m ile .........- - ) ,»y
108 1899
Manitoba A S E (assumed, $8,000 per mile) Man.
27 1900
Gilbert Plains Branch $8.000 per m ile--JGovt
Par
Value
£100
100
$1.000
1,000 Ac
1.000
£100
£100
£100
£100
1908-09.
$7,171,897
4,798,805
1907-08.
$7,484,028
5.522,679
$2,373,092
$2,809,905
641,067
1,126,415
12,484
$1,961,349
$2,787,451
647,595
1,103,664
13,203
360,000
(4)420,000
360,000
(5)525,000
$137,989
$249,939
$419,677
OFFICERS.— Pres., W m. T. Noonan; V .-P., Adrian Iselln Jr. and
W . Emlen Roosevelt, N. Y .; Treas., J. F. Dinkey, Rochester; Sec. and
Asst. Treas., Ernest Iselln, N. Y .
, r ,
Directors—Henry G. Barbey, A. Iselln Jr., Wm. E. Iselln, A. Lanfear
Norrle, Walter G. Oakman, C. O’ D. Iselln, W. T. Noonan, George Emlen
Roosevelt, VV. Emlen Roosevelt, Ernest Iselln, Oscar Grlsch, Samuel Woolverton and Harry Yates.
N. Y. office, 36 Wall St.— (V. 91. p. 1445.)
BUFFALO & SUSQUEHANNA RY. — Company owns from Wellsvllle. N. Y ., to Buffalo, 86 miles, and leases the Buffalo & Susquehanna RR.
for 999 years from July 1 1907 for Interest on bonds and guaranteed divi
dends of 4% yearly on the capital stock. By this lease and Its ownership
of the entire com stock of the B. & S. R R ., the company controls road ex
tending from Wellsvllle, N. Y ., to Sagamore, Pa., about 60 miles north of
Pittsburgh, which, with Its several branches, has a total mileage of about
270 miles. Total mileage owned and leased, 362.
.
The plants of the Buff. & Susq. Coal & Coke Co. and of the Powhatan
Coal A Coke Co. (V. 75 p. 922; V 79. p. 2061. 2091 92) are located on the
lines of the B. A S. RR. The Buff. A Susq. Iron Co., merged In RogersBrown Iron Co. April 1 1910, which owned 2 blast furnaces at Buffalo,
acquired Its entire supply of coal and coke from the plants of the Powhatan
Coal A Coke Co. See V. 75, p. 922; V. 79, p. 2061, 2092.
Receivership.—-On May 2 1910 Harry I. Miller was appointed receiver.
Interest on first 4 Hs being In default. Foreclosure pending. V. 90, p. 1238.
In July 1910 receiver’s ccrtfs. were authorized, present Issue ranking
ahead of 1st 4Hs; Issue limited to $750,000, of which $511,000 had been
authorized Dec. 1910. V. 91, p. 153, 214.
Committee for First 4 'As.— William Salomon, Chairman; Geo. G. Henry,
25 Broad St., Sec.; Bankers Trust Co., depositary. Reorganization
plan deferred until spring of 1911. V. 90, p. 1238; V. 91, p. 1765.
STOCK.— Authorlzeu, $ 10,0 00 ,000 ; Issued. $ 10 ,000 ,000 ; par. $100.
BONDS.— The first 50 yr. gold 4>$s (authorized Issue $6,000,000, al
outstanding) are secured by a first lien on the terminal property at Buffalo
and the 86 miles of railroad In New York State: also by deposit with the
trustee of all the $4,656,900 com. stock of the Buff. A Susq. R R . Co. V.
74, p. 1040. See V. 76. p. 593: V. 79, p. 2695.
EARNINGS.— 12 mos. ,f 1909-10..........Gross, $2,212,436; net, $135,692
July 1 to June 30.
\1908-09_____ Gross, 2,298,977, net, 339,221
EARNINGS.— 5 mos. end. Nov. 30 1910, railway, gross, $359,032; net,
165,000
6g
600,000
6g
1,279,000
5g
6
145,000
6
1,000,000
5
1,021,000
1,255,000
4g
6
381,925
350,000
4g
14,384,644
4g
4
150,000
4
£97,500
$15,000,000 See text
$14,000,000
6g
6,000.000
5
130,000
4g
4
1
f
4
)
See
i
4
I text. I
4
1
l
Commonwealth Tr Co StL
A
&
Apr 11937
J
J
A
&
&
&
&
&
&
&
&
Anglo-CalTrCo, San Fran
Jan 11915
Broad St Station. Phlla
Jan 1 1941
do
do
Apr 2 1913
do
do
Jan 1 1927
do
do
Jan 1 1930
do
do
Feb 1 1955
•Jan 1911 3% Broad St Station, Phlla
do
do
Feb 1 1927
do
do A Lond
Jan 1 1955
Sept 1 1956
Bank of Montreal,Lond’n
1949
Feb 1 1911 1M Grand Central StatlonNY
Union Tr Co New York
Jan 1 1913
do
do
Mch 1 1913
Agts Bk of Montreal N Y
Oct 1 1945
Aug 1 1926
Feb 1 1929
Can Bk of Com, NY;ALo
Feb 1 1929
Nov 1 1930
J
J
F
J
F
•J
M
M
F
J
M
A
&
&S
&
&
&
&
F A
F A
BURR’ S FERRY BROWNDEL & CHESTER RY.— See issue July ’10.
CALGARY & EDMONTON RY.— See page 1C9.
CALIFORNIA-WESTERN RR. & NAVIGATION CO.— See page 169.
(THE) CAMBRIA & CLEARFIELD RY.— Cresson Jet. to near Glen
Campbell Branch Jet., 50 m.: Bellwood to Fordham, 65 m.: Cresson to Irvona. 27 m.; Kaylor to Black Lick. 37 m.; Vail to Gramplon, 49 m.; Bradley
Jet. to Cherry Tree, 18 m.; branches. 153 m.- total, 399 m. A consolidation
Aug 1 1903. V. 78, p. 828. Stock $4,833,850, all of which Is owned by
Penn. RR. Co., which operates road under lease. A full abstract of mtge.
securing 5s of 1891 was In V. 52, p. 976. Of the bonds, $500,000 first 5s
were on Jan. 1 1910 owned by the Penn. RR. For year ending Deo. 31
1909, gross, $2,854,790; net, $443,318; other Income, $30,64o; Interest,
taxes, Ac., $398,788; bal., sur., $75,175.— (V. 77, p. 298.)
CAMDEN & BURLINGTON COUNTY RR — (Owns from^Pavonia. N J .
to Pemberton, N. J., 23.35 miles: branch, Burlington, N. J., to Mount
Holly, 7.12 m .’ connection with P. & L. B. R R . at Birmingham, N. J.
0.39 m.; total, 29.86 m. Operated under lease by Penn. R R ., wnjch guar
antees 6% on stock. Stock, $381,925; par, $25. In 1909, gross, $342,606
net, $18,571; loss to lessee under rental, $34,866.— (V. 64, p. 373.)
CANADA ATLANTIC RY.— Owns Depot Harbor, Ont . on Georgian
Bay, via Ottawa, to Alburg Jet., 399.57 m.; trackage to Swanton, V t.,
&c ,6.66 miles; leasesfor99 years Central Counties Ry.,Glen Robertson to
Hawkesbury. 22.24 m.. and South Indian to Rockland, 16.25 m ; owns
greater part of stock of Pembroke Southern Ry. branch from Pembroke to
Golden Lake 21.36 m. (V 82, p. 451. 1101); total. 466.08 m. The Grand
Trunk acquired the road and took It over Oct. 1 1905. V 81. p. 1174
Canada Atlantic Transit Co., $1,000,000 stock, operates steamers. Depot
Harbor to Duluth, Milwaukee and Chicago. V. 69, p. 954; V. 70, p. 279.
The 50 yr. 4s of 1905 (authorized Issue. $16,000,000; Royal Trust Co .
Montreal, trustee) are guaranteed, prln. and Int., bv the Grand Trunk;
the unissued bonds are reserved for future requirements. V. 79. p. 967.
1131. 1641, 2454; V. 80, p. 1058. 1727, 2343; V. 87, D 1477.
STOCK.— $6,199,100 common and $1,000,000 preferred, all Issued.
REPORT.— In 1908-09, gross, $1,820,959; net, $117,595; other Income.
$70,908; Int. on bonds, £599,646; bal., def., $411,143.— (V 90, p. 1169.)
CANADA MICHIGAN & CH1CA00.— Bonds worthless — (V 63, p 838.)
CANADA SOUTHERN RY .— (See Maps N. Y. C e n t.A H u d .R it.R R )—
ROAD. -Main line from Suspension Bridge station. Including the Cantilever
Bridge, to Windsor Ont.. 226 m.; branches toCourtrlght Ont., Ac.. 231 m
total. 457 m.. of which 85 miles are nominally owned by proprietary com
panies. Trackage St Thomas to London Ont.. 15 m D-mlile trad) J52m.
Detroit River Tunnel, completed In 1910. see Michigan Central R R .
ORGANIZATION. ETC.— The company was chartered in Canada Feb.28
1868 and debt readlustcd In 1878. In 1903 made a new lease to Mich. Cent,
for 999 years, the latter, which owns $7,810,000 stock, guaranteeing divi
dends thereon at 2
yearly to Jan. 1 1910, thereafter 3% ; also authorizing
a mortgage to retire existing bonds and pay for Improvements. V. 76, p.
1191, 1247; V .77, p. 950; V. 84. p. 803. The $14,000,000 1st 5s maturing
Jan. 1 1908 were extended 5 years; 6% Int. payable in gold by the Mich.
Cent. RR. V. 85, p. 1401, 1645; V. 86, p. 1041.— (V. 86, p. 1041.)
CANADIAN NORTHERN R A I L W A Y . -(S e e Map.t -Operates from
Port Arthur, Ontario, on Lake Superior, to Winnipeg, and under construc
tion through Northwestern Canada to Pacific Coast. • Present mileage;
Port Arthur to Winnipeg............. 439 Saskatoon to Klndersley--------- 127
^ *ItEPORT.—-For*year^endlng June 30 1908 In V. 88. p. 448 (355 average Winnipeg to Kamsack_________ 279 Neepawa Jet. to McCreary J et-- 70
miles), showed gross revenue, $2,024,888: net over taxes, $ 167 ,370 : other in Stanley Jet. to G untllnt------- 67 Kamsack to Edmonton --------- 548
come, $443,329; Interest, rentals, &c., $1,205,625; bal., def., $594,926.
21
Emerson Jet. to So. Jet--------73 Slfton Jet. to Wlnnepegosls----41
OFFICERS.— Pres., Chas. W. Goodyear: See. and Treas., F. A. Lehr. Carman Jet. to Belmont. ------- 119 Phunderhlll Jet to End of Steel
17
Office, 962 Elllcott Square, Buffalo, N. Y.— (V. 91, p. 153, 214, 176o.)
Portage Jet. to Inter. Boundary- 63 Oakland to Totogan.................. 8
BUFFALO & SUSQUEHANNA RR.— Company owns from Saga Morris to Somerset------------------- 62 Battleford to Battleford Jet----Edmonton to Morlnvllle. . . . .
23
more, Pa., to Wellsvllle, N Y., with several branch lines, Including 17 miles Hartney Jet. to Brandon_______ 40 Edmonton
to Stoney Plains —
21
91
trackage. Total mileage, 270. From July 1 1907 the company was leased Belmont to Vlrden......................
to Adtlpba................ 52
to the Buff. A Susq. Railway tor rental of Int. on bonds and dlvs. of 4% on Gilbert Pis. Jet. to Prince Albert-361 Greenway
Pt. Jet. to Oak Point.......... 60
capital stock, but rental Is In default. On July 23 1910 H. I. Miller, who Rossburn Jet. to Russell---------- 104 Oak
W i n n i p e g T r a n s f e r 1 nr
11
In May 1910 was appointed receiver of the railway, was also named as re Arizona Jet. to Morris and Bran
9
don Jet- . — - .................... 77 Winnipeg to West of Dundee. . .
ceiver of the railroad co. V. 85, p. 1266; V. 90, p. 1238.
23 Dalmeny to Laird------------------- 28
Stock —Common st>ck. all excent directors’ shines owned by B & S. Brandon Jet. to Carberry Jet—
Saskatoon
to
Klndersley----------127
Brandon
to
Regina_____________220
Ry.. 84,656,900; par $50. Prcf., see table and V. 78, p. 2389; V. 82, p. 568.
- - 15 Qu’App.LongL.ASask.(leased) 256
Dividends.— Under lease to B. A S. Ry. dividends were paid at 4% per TV'lfa Jet to Delta
Winnipeg to West of Dundee..
1
annum to March 1910 on pref. and to Jan. 1910 on common.
Dalmeny
to
Laird_____________
-2 8
. . .
_
Bonds.— The 5s of 1913 are subject to call at par for sinking fund in order
Total June 30 1910 (Including about 710 miles leased)......... ..- -.3 .3 2 5
of numbers, beginning with highest. V. 65, p. 234.
Extensions from Russell, Man., to Calder, 41 miles: Prince Albert, Sask.,
The 4s of 1951 are secured by a first refunding mtge. on the entire prop
erty, subject only to $61,500 first 5s above mentioned, and are further to Shcllbrook, 28 m., and Ochre River, Man., to St. Rose, 1l m . , were
secured by deposits of purchase money mortgages aggregating $3,000,000 opened Nov. 1910. There were under construction Dec. 1910 76 miles in
on coal lands estimated to be worth $6,000,000; outstanding. $9,510,000. Manitoba, 283 in Saskatchewan and 221 In Alberta.
As to proposed extension through British Columbia, see separate state
V. 73, p. 619, 899; V. 84, p. 748. Coupons due July 1910 unpaid.
“ Canadian Northern Pacific R y .” on next page.
Committee for First Refunding 4s.— Alvin W . Krech, Chairman; Lyman ment
In
May 1910 acquired Saskatchewan Midland R y., V. 90, p. 976. V. 91,
Rhoades, 15 Nassau St., Sec.; Equitable Trust Co., &c., depositaries. p. 336.
The Canadian Northern Steamships, Ltd., Incorp. in Oct. 1909,
In Jan. 1911 over 80% of the bonds had been deposited. V. 90, p. 1238,
operate on the Atlantic Ocean between Quebec and Montreal and Bristol,
1489; V . 91, p. 37; V . 92, p. 117.
Eng.
V.
90, p. 697; V. 91, p. 1322.
Pref. Stock Committee.— J. N. Wallace, Chairman; Hugh Rankin, Sec.,
ORGANIZATION.—The Manitoba lines of the Northern Pacific Ry .
46 Cedar St.; Cent. Tr. Co., N. Y., depos. V. 90, p. 1361; V. 91, p. 214.
351
miles,
are sublet from the Provincial Gov’t for 999 years from May 30
BUFFALO A SUSQUEHANNA COAL A COKE CO.— This company,
1901 at $210,000 annually for the first ten years, then $225,000 for ten years,
the stock and 1st mortgage bonds of which are owned by the 11. A S . RR., then
$275,000
for ten years, and thereafter $300,000, with option of pur
owns coal lands at DuBols, Troutvllle. Onondaga and Sagamore, Pa. chase for $7,000,000.
Manitoba Gov’t has option to purchase entire prop
Twelve mines In operation
V. 77 p 1301; V 70. p. 2091 92; V. 82, p
erty In 1929. V. 72, p. 437; V. 73, p. 615. Canadian Northern Ry. System
1322; V. 85, p. 1266. Of the 2d M. bonds, $2,200,000 and $200,000 on Terminals Incorporated Sept. 1907 with $2,000,000 stock. V. 85. p. 863.
Dec. 1 1910 were outstanding In the hands of the public.
The allied Canadian Northern Ontario and the Canadian Northern Quebeo
POWHATAN COAL A COKE CO.—This company, all of whose bonds railways will afford access to Toronto, Ottawa, Montreal, Quebec, Ac., and
and stock are owned by the B. A S RR. owns coal lands at Tyler anil at the Canadian Northern Pacific to the Pacific Coast.
Sykes. Its coking plants, with capacity of 800 tons of coke dally, are ship
In May 1907 the Interests which control the Canadian Northern
Ry. acquired control of Quebec A Lake St. John R y., Quebec to Roberval
ping to Buffalo for use of Rogers-Brown Iron Co.
EARNINGS.— For 5 mos. ending Nov. 30 1910, gross, $636,731; net, on Lake St. John, 190 m., with branches Chambonl to Chicoutimi, 51 m.,
and from La Tuque Jet. to La Tuque, 40 m.: Gosford branch, 5 H m.; total.
$139, 451.— (V. 92, p. 117.)
286 Vi m. V. 90, p. 54, 111, 237. 448, 668, 1045; V. 91, p. 337, 519, 791.
“ BURLINGTON.” — See CHICAGO BURLINGTON & QUINCY R R .
RAILROAD COM PANIES
[For abbreviations, &c., see notes on first page]
Canadian Northern (Concluded)—
Ontario Dlv 1st M deb £30,900 are 4 44 s------IGu. by
Manitoba Branch lin e s __________________ V Man.
First cons deb M (Man lines) $10 ,000 p mcArJ Govt.
Manitoba Provincial bonds, $8,000 per m 'le---------Perpetual consol debenture stock (V 81 p 1609)-.. .
First M deb stk $13,000 p m guar by Canadian Govt
1st M stock $13,000 p m guar by Dom of Canada.First mtge deben stock guaranteed by Saskatcl
do
do
guaranteed by Alberta..
Winnipeg Terminals mtge gold guar by Manitoba.c*
Convertible Income-charge deb stock redeem te x t..
Qu’Ap Long Lake A Sask 1st M £1,050,000 guar . .
1st land grant M red 110 (money depos to redeem)
do
do
£1,027,400 red 105 to J u ly ’ 17
Imperial Rolling Stock 1st M ser A half due yearly.
do
do
ser G $45,000 due yearly..
do
do
do
do
ser K part due yearly
do
do
ser L $250,000 due yearly .
do
do
part due yearly (V 85 p 599)
do
do
do
do
ser NA0$200,000 due yly.c*
ser P $100,000 due sem -an.
do
do
ser Q due $27,400 quar___
do
do
do
do
do
do
ser S $100,000.............. ___c '
do
do
ser T $150,000___________ c'
do
do
_
ser U $50,000 yearly.
do
do ser V $300,000 y ’ly(V 91.p 153) c«
Equip notes g ser I due $29,000 or $33,000 s-a Gxc
Canadian Northern Ontario— Guar deb stock (see text)
Perpetual consolidated debenture s t o c k __________
Bonds of Controlled Properties—
Brockvllle Westport A Northwestern 1st M gold K
Central Ontario first mortgage £200,000..................
Marmora R y A Mining first mortgage....................
Can Nor Pacific— 1st M $21,000,000 gu by Br Col . . .
Can Nor Quebec— Gt Nor cons M $5.462,000(text)-Ce
Perpetual guaranteed debenture stock (see text)
M ties Date
Road Bonds
287 1901
____
—
____
____
_
1904
______
______
1903
1908
1909
1909
1909
249 1906
____
1899
—
1907
—
1902
1903
—
1904
1904
__ 1905
—
1906
1906
—
—
1907
—
1907
268
...
1908
1909
1909
1909
1910
1910
1908
1909
...
...
1903
1909
—
—
—
—
Amount
Outstanding
Rate
%
When
Payable
Last Dividend
and Maturity
£100 £1 180,600 4 A 444 g J A D 30 ,'une 30 1930
$101 .000
4
J A D 30 June 30 1930
£100 £2,497,800
4
J A D 30 June 30 1930
$500
4
$349,000
Oct l 1930
£100 £6.792,750
4
J A D 30 Irredeemable
_____
£1 ,923,287
3
M 31-S30 July 10 1953
See text
344 J 20-J 20 1958
£600,000
4
J A D 1939
£600,000
4
J A D 1939
$ A £ $3,000,000
J A J July 1 1939
4g
See text Up to 5 M A N 2 May 6 1930
£1,037 972
4
July 1 1936
£100 $2,000,000
4g
F A A Feb 1 1919
£100 Ac $4,742,"80
4
J A J July 1 1938
$1,000
$386,764
M A N Nov 1 1911 12
5g
$ or £
$630,000
5
F A A Aug 1 1911 ’13
$ or £
$180,000
5
M A S Sept 1 1911 14
$66,015
1910-1912
500 Ac
$575 .000
4 44 g A A O Oct 1 1911 15
500 Ac $1,450,000
4 44 g J A D June 1 1911 16
500 Ac
$343 .000
4 44 g M A N Nov 1 1911 16
$1,400,000
4 44 g J A D
500 Ac $1,300,000
444 g F A A Aug 1-Aug '1.
$301,400
6
May 1912
600 Ac $1,360,000
444 g M A S Mch 1 1911 18
500 Ac
$900,000
444 g M A S Mch 1 1911 19
500 Ac $1,350,000
444 g M A S Sep 1 19 11-’ 19
$4 50,000
4 44 M A N Nov 1 ’ 11 ’ 19
500 Ac 3,000,000
444 M A N Nov 1 ’ 11-’20
1,000
265,000
F A A To Aug 1 1915
5g
£1,337,035
Various 1936 and 1938
344
£800,000
4
A A O 2 Perpetual
1,000
£100
450,000
£200,000
100,000
(?)
3.505,000
£1.038 85'»
4g
5
J
J
A D Dec 1 1923
A J
1934
Places Where Interest and
Dividends are Payable
London and Toronto
London. Toronto A N Y
Can Bk of Comm, Tor
London. Eng
do
London, Eng
London
do
do
London, Toronto & N Y
2H % paid Nov 2 1010
Can Bank of Comm, Lon
Vat Tr Co, Tor. or Lond.
London, Eng.
C Bk of Com N Y ; or Tor
do
or London, Eng
do
Toronto or Lon
do
do
N Y. London or Toronto
do
do
do
do
do
do
do
do
Can Bank of Comm, N Y
N Y, London and Tor'to
do
do
do
do
do
do
do
do
Can Bk of Commerce,Lon
Knickerbocker TrCo.N Y
Bank of Montreal,Lond
1909
4
seml-an. 30 years
1904 - . __________
4
A A O Oct 1 1934
Can Bk of Com,NY A Tor
4
•TAD 31 Perpetunl
London
..........
In Dec. 1908 the stock of the Duluth Rainy Lake & Winnipeg Ry.. ex acres have, since sales of the land commenced In 1907, been sold, proceeds
tending from Virginia, Minn., north to International Falls, 98 m., was of which have been paid over to the trustees: £53.000 retired, as provided la
acquired by the same Interests as control the Canadian Northern R y., and trust deed. V. 87, p. 479, 1477; V. 88, p. 1126.
will be extended to Duluth, 75 miles. In connection with the acquisition
EARNINGS.— 5 mos., (1910.......... Gross, $6,791,200: net, $2,131,80*
•f the above company, there has been organized the Duluth Winnipeg A
July 1_to Nov. 30.
11909...........Gross,
5,629.100; net, 1,773,60*
Pacific R y., which controls the Duluth Rainy Lake A Winnipeg and will con
R E P O R T - Report for year ending June 30 1910, In V. 91. p 1322,shows:
----- '
struct the extension from Virginia, Minn., to Duluth, about 75 m.. and
1909-10. 1908-09.
1907-08.
1906-07.
build branches and spurs, Ac., tor Industrial and mining purposes; also docks Average m iles...............
3,179
3,013
2,50*
2,866
at Duluth, where valuable sites for terminals have already been secured.
earnings................. $13,833,062 $10,581,768 $9,709,462 $8,350,198
V. 87, p. 1004; V. 88, p. 503, 821: V. 91, p. 1322. The Canadian Northern Gross
Oper.
expenses
A
taxes.
9,488,672
7,015,406
5,424,164
6,676,775
will guarantee, prln. and int., the $10,500,000 1st M. 4s, of which $6,123,333
has been Issued. See said company. V. 89, p. 1279: V. 90, p. 1424.
Net earnings............... $4,344,390 $3,566,362 $3,032,687 $2,926,034
The Qu’Appelle Long Lake & Saskatchewan RR. A S . B. Co. 4% deben Int.
bonds gu. by Manlt.
$709,158
$695 641
$624,72*
$658,743
ture stock has prln. and Int. guaranteed by the Canadian Northern Ry. Co. Int.bds.gu.by
D.of Can.
280.800
280 800
280,800
280,800
The property Is leased. V. 83, p. 214, 324. 088, 1030.
perp. cons.deb.stk. 1,150.055
*38'399
577,539
446,054
In Nov. 1910 It was proposed to organize the Canadian Northern Branch Int.
Qu’ Ap. L. L. A S ..
203,988
203-,983
181.467
Lines Co. with the right to build various branch lines. See V. 91. p. 1511. Int.
Int. on 4% land gr. bds.
191.533
96 107
STOCK AND BONDS.— Stock authorized, $05,000,000: outstanding Rentals leased lines, A c.
223,960
223 960
223,960
223,960
June 30 1910, $55,000,000; par, $100. None yet put on the market.
Int. on equip, leases----554,143
48oi727
431 .248
306,94*
In 1903-10 £6,7 9 2 ,7 5 0 4 % perpetual consolidated debenture stock was
Issued upon mileage, and to purchase securities of various controlled prop
$646,745
Surplus for year.........$1,030,757
$678,930 $1,043,545
erties deposited with the National Trust Co. V. 70, p. 1247: V. 7 7 , d . 87:
Officer*: Pres., William Mackenzie; V.-P., D. D. Mann; 3d V.-P., D. B.
V. 8 0 . p. 990: V. 81. p. 1609; V. 8 6 , p. 1099; V. 87, p. 36; V. 8 9 . p. 1279;
Hanna; Sem, W. H. Moore; all of Toronto. Ont. Directors: William MaoV. 90. p. 770, 1424, 1489.
The £1,923,287 3% 1st M. debenture stock, guaranteed by Dominion kenzle. 1). D. Mann. A. A. Lash. Frederic Nlcholls. all of Toronto. Ont.,
Government, dated July 29 1903 (trustees, British Empire Trust Co., Ltd., and R. M. Horne-Payue, London, England — (V. 91. p. 1253, 1322,1511.)
London, England, and National Trust Co., Ltd., Toronto) Is a first charge
CANADIAN NOR THERN ONTARIO RY. — >See Map Canadian Northern
•n line from Grand View to Edmonton, 620 miles, at $1 .000 per mite,
Owns Toronto to Sudbury. 268 miles, with extensions to Sellwood
such first charge to be. however, limited to $10,000 per mile In respect of the (Moose Mountain Iron mines), 33 miles; branches, 9 miles; total, 310 miles,
line from Grand View to the western boundary of Manitoba. Additionally r rom Sellwood the main line Is now being extended towards Port Arthur,
secured by first lien on the extension of the Prince Albert branch to Prince where a connection will be made with the Can. North. Ry. Forty miles of
Albert from a point 100 miles east; by second lien on the portion of the this extension was completed last fall. A branch line from a point north of
Prince Albert branch running from Erwood to a point 100 miles from Prince Sellwood Into the Gowganda Sliver District, 30.7 miles, was opened Jan. 3
Albert, and by charge on other lines then constructed —an aggregate of 1910. The extension from Hawkesbury to Ottawa City was opened In
Nov. 1909, and in connection with the Can. Nor. Quebec Ry. a through train
918 miles. V. 80, p. 1234; V. 76. p. 1299.
The £2,436,200 4% first mtge. consolidated debenture bonds, prln. and service was established between Ottawa. Quebec and Montreal. Owns
lot. guaranteed by Govt, of Manitoba, dated June 30 1904, are secured modern ore-handling plant at Key Harbor, 80 m. from Moose Mt.iron mines.
by first mtge. to National Trust Co., Ltd., Toronto, Ontario (not exceeding
In Aug. 1910 acquired practically all the stock of the Ontario A Ottawa
$10,000 per mile), covering certain lines In the Province of Manitoba Ry..which had acquired the Brockvllle Westport A Northwestern, Brockamounting to about 1.185 mtles, a proportion of the amount of this Issue vllle to Westport, Ont., 45 miles; Irondale. Bancroft A Ottawa Ry., Grand
being held In trust by the National Trust Co., Ltd., for the exchange of the Trunk June, to Bancroft, Ont., 48 m.; Central Ontario Ry., I’ icton to
following Issues yet outstanding: (a) £105,300 Manitoba A Southeastern Maynooth, Ont., 132 m., and branch to Coe Hill Iron mine, 8 m. (V. 88,
4% first lien on 108 miles, assumed; (b) £233,700 Canadian Northern p. 230); and Marmora Ry. A Mining Co., Junction with Central Ontario
Ry., Sifton branch, 4% bonds secured on 197 miles Slfton Junction to Ry. to Iron mines, 10 m.; total, 243 miles. V. 91, p. 276, 462.
Erwood, guaranteed, principal and Interest, by Manitoba Government;
ORGANIZATION.— Controlled by same nterests as the Can. North.
(c) £10,000 Lake Manitoba Ry. & Canal Co. 4 % bonds first lien on 125 miles,
Capital stock (shares $100). authorized, $1,000,000: Issued June 30 1909,
Gladstone to Winnlpegosls, guaranteed as to prln. and Int. by the Manitoba
Government; (d) £1 700 Gilbert Plains 4% bonds, a lien on 27 miles. Dau 250,000. Debenture stock, 3 t*%. due July to 1936 and June 30 1938, In
terest Mch. 31 and Sept. 30 and Dec. 31 and June 30. Authorized at $20,000
phin to Grand View, guaranteed by Manitoba Government. V. 80, p. 116;
per mile. P. A 1. guar, by Prov. of Ont. V. 87. p. 96; V. 88. p. 1060.
V. 78, p. 1274; V. 79, p. 2794; V. 81, p. 1607; V. 82, p. 568.
In June 1909 £800,000 4% perpetual consolidated debenture stock wa*
The 5% Income-charge convertible debenture stock ($15,000,000 auth.
Issue, limited to $10,000 p. m.), of which $5,000,000 has been Issued, and offered In London at 92. Secured by first mortgage on a line of railway
an option given on $5,000,000 additional. Is redeemable at any time after already constructed from Hawkesbury to Ottawa with additional charges
May 5 1920 and Is convertible on Jan. 1 1916 or any subsequent Jan. 1 or on other lines as further security. V. 89, p 40. 162
July 1 until Jan. 1 1919, at the holdcr’soptlon, lntofull-paldcommon shares
DIRECTORS.— William Mackenzie, D. D. Mann, Frederic Nlcholls,
at the rate of $500 (or £102 17s.) of deb. stock for $500 capital stock, on W. H. Moore, L. W. Mitchell, Z. A. Lash, all of Toronto, Ont.; and R. M.
60 days’ notice. The Interest will be payable only to the extent that the Hornc-Payne, London. Eng. Pres., William Mackenzie: V.-P., D. D.
net earnings are sufficient after paying fixed charges and will be declared Mann: 3d V.-P., D. B. Hanna; Sec., VV. H. Moore, all of Toronto, Ont.
April 10 and Oct. 10 out of earnings of the half-years ending June 30 and Office, Toronto, Ont.— (V. 89, p. 40, 162; V. 90, p. 770; V. 91, p. 462.)
Dec. 31. The Issue will be secured by a general charge on the property
CANADIAN NORTHERN PACIFIC R Y . — (See Map Canadian Northern
(Other than land and money subsidies) ranking behind the 4% consol.debt, Ry.)—
To construct a line across the Rockies from Yellowhead Pass to Van
stock and all securities now or hereafter created, having priority over the couver and Pacific tidewater, about 600 m.. to be completed within 4 years.
4% consol, stock, and also behind all charges now or hereafter created for Controlled by same Interests as Can. Ndr. Ry. Stock auth., $25,000,000,
securing any securities guar, by the Dominion or any of the Provinces of of which $10,000,000 may be pref.; par $100. Bonds will be issued at
Canada. V. 90. p. 1674; V. 91, p. 37. 1322.
$35,000 p. m. (limited to $21,000,000, unless the road Is extended Into city
Tn May 1910 the Canadian Govt, agreed to guarantee Canadian Northern of Kamloops), guaranteed by British Columbian Govt., the Canadian North
Alberta Ry. 3 44 % bonds for the construction of a line from Edmonton west ern Ry. to Indemnify the Govt, against any loss It may Incur by the guar
to the coal areas near the Brazeau River, Ac., 150 miles, at the rate of anty. Mtge. trustees. National Trust Co. of Toronto and British Empire
$13,000 per mile for the first 50 miles and $25,000 for the remaining 100 Tr. CO. V. 91, p. 37, 93; V. 90, p. 696; V. 89, p. 1141.— (V. 91, p. 93.)
miles, Can. No. Ry. guaranteeing payment to Government. V. 90, p. 1295.
CANADIAN NORTHERN QUEBEC R Y . —(See Map Canadian Nor. Ry.)
The Saskatchewan Government late In 1909 agreed to guarantee bonds on
Owns Quebec to Montreal, 176 miles: Jollette to Hawkesbury, 67 m.;
three new lines to be built In 1910, one from Regina to Moose Jaw,
from Regina to Edmonton and the third from Regina to Calgary, via the branches, Garneau Jet. to Riviere a Pierre. 40 m.; Shawlnlgan Jet. to Shawlntgan,
4.50 m.: St. Jacques Jet. to St. Jacques, 7.20 m.; St. Jerome Jet.
present Goose Lake line. V. 89. p. 1595, 1480
The Winnipeg Terminals 4s of 1909, of which $3,000,000 have been sold, to Huberdeau. 45.70 m.; spurs. 7.87 m.; total. 347.27 m. Also operate*
are guaranteed, prln. and Int., by endorsement by the Province of Mani 58.65 m. Ottawa to Hawkesbury* of Central Ontario Ry.
Owns elevator, car shops, Ac., at Quebec. Formed In 1906 by theamalgatoba; additional bonds may be Issued and guaranteed on authorization
matlon of the Great Northern Ry. of Canada, Ac. Controlled by the same
of the Legislative Assembly of Manitoba for further expenditures. The Interests
as the Canadian Northern Ry.
Grand Trunk Pacific will pay about $97,500 yearly for use of terminals
Capital stock, $12,500,000, of which $3,000,000 Is Issued as statutory
to be completed In 1910 (as against $120,000 annual Interest on bonds
stock with a certain preference as to dividend.
Issued), and further rentals may be arranged. V. 89. p. 665, 1480.
SECURITIES.— On Oct. 22 1906 an Issue of 4% perpetual debenture
In July 1908 the Dominion Government agreed to guarantee prln. and
Int. of 3 '4% 50-year bonds or debentures to be Issued at $13,000 per mile stock guaranteed by the Canadian Northern Ry. was authorized to an
on 609 miles of branches In Manitoba and Saskatchewan. V. 88, p. 346, amount sufficient to take up the bonds of constituent companies, to meet
cost of lines now under construction, provide for construction or acquisition
821; V. |7, p. 1159’ V. 91, p. 37, 93.
In June 1909 £600,000 4% first mtge. debenture stock, prln. and Int. of additional lines at not exceeding £4.109 ($20 ,000 ) per mile of such lines,
guaranteed by the Government of the Province of Saskatchewan and and with the consent of the trustees for the stockholders to provide for the
£600 ,000 , prln. and Int., guaranteed by the Government of the Province purchase of the stocks and securities to an amount not exceeding the cost
of Alberta, were offered In London, secured by separate deeds of trust, thereof. In Oct. 1806 £1,000,000 of this stock was Issued to take up the
the amounts now Issued being at $13,000 per mile, with the right reserved entire bond Issues of the Chateaugay A Northern Ry. and the Quebec New
to Increase the amount to $15,000 and to Issue additional stock or bonds Brunswick A Nova Scotia Ry. and $1,514,500 bonds of the Great Northern
secured by said deeds for additional lines. V. 89, p. 40; V.88, p. 1497, 1619; Railway Co. of Canada, and since that date £38,555 of stock to take
up an additional amount of Great Northern Ry. Co. of Canada 4% bonds.
V. 91, p. 1322.
payable June 30 and Dec. 31. Total amount outstanding, £1,
LAND GRANT BONDS.— $2,000,000 first mtge. 4% land grant bonds 038,855; secured by specific first mortgage upon any securities acquired as
are secured by_ 1,365,333 acres of land grant subsidies from Dominion of above and deposited with the trustees and by first general lien upon entire
Ca? ? dA ,
p; 12?°: v - 76. p. 1083; V. 75. p. 183, 549; V. 81. p. 263. property of company (other than land and money subsidies), subject only
£1,027,400 ^ i r s t 4% Land Grant Debenture Bonds,— These bonds to the bond Issues of the amalgamated companies, which bonds will be
are secured on 1,250.000 acres of land (specially set aside as per schedule retired as soon as every bond of each series has been exchanged for stock
In mtge.) In the I rovlnces of Manitoba and Saskatchewan, of which 239,000 of this Issue V. 83, p 968- V 84, p 693, 748.
__
Par
Value
FOX
PRINCE ALBERT
LAND
LAND
[AT IIU RST
RAILWAY STOCKS AND BONDS.
GREAT DEAR
Lake
MackaVfi
Zac la.Marte
%'reat Slate
F t.S im p soi
F t.L a lrd
't.N elson
'ottaway
.Ft.McKay V
Ft.McMurrar
J W
Kazeltoi).
1
"- Cl
(
1 jo u c tte E
Vs -# ^ '-> -N l ote. Ju lien n e*
e o c e ^ ^ Y ^
T y l
s
II
j,
!**•* N
Ft.M cLeod 1
ATHABASCA) x
I C4 /V * N
\ X
^SlOHTFOWTi^Of
■<-'6 -T HlWKESBUlWf
*
v \ OTTAuv/i
V AT ,\rd tllve/,^VOrlci>,
. .*0*' A H U B E R D E A U l ^ f e
P i
‘ ♦«*.
LANDING].*..
listatim
r^HUMBOUN
B arkervilk
§
D o n a ld ^ c A
*
Jan., 19U.]
^Kevelstokey 'CALGAR'
■?? _ ^ ,- 6 - x
\\ c a n . A r ro w h e a d
o G e ra t
>'akuspo>A
]
McLeodJ
kCoH0JER
pumas
j>uTtvV^
[sa s k a t o o n '
P ^exford
*
CO\cridgeN0 r
=^-^NQR.
^Pacific JcT
W
MAP OP THE
\
CANADIAN NORTHERN
iom JersF erry
>\jSnohornisl
RAILWAY
[Great Falls
A N D C O N N E C T IO N S
.
.
,
SCALE OF MILES
,
RAILROAD COMPANIES
[For abbreviations, A c., see notes on first page]
Miles Date
Road Bonds
Canadian Pacific— Stock $200,000,000 authorized...
Preferred stock limited to 4% non-cumulatlve----- r
First mortgage debentures sterling---------------------1st Mort on Algoma Br g-------------------------- c*&r
Consol perpetual debenture sto ck -------------------Securities of Principal Leased, etc.. Lines.
Manitoba S W Col Ry $12,000 per mile lnt guar gold
Atlantic A Northwest— 1st mortgage gold gu..c*& r
St Lawrence & Ottawa—first mortgage gold see text
Ontario A Quebec stock guaranteed In perpetuity. .
Ontario & Quebec deben Interest guar In perpetuity
Toronto Grey A Bruce 1st M gold Interest as rental
New Brunswick Ry 1st M gold lnt from rental------c*
Perpetual consol debenture stock. Interest guar.
New Brunswick Southern first mortgage.................
Calgary A Edmonton deb stock gold Interest as rent
'
Branch line bonds $1,040,000 (owned by CanPac)
Lindsay Bobcayg A Pontypool 1st M $700,000 gold
Aroos Val El RR 1st M $300,000 g red 103 lnt guar..
Minn St P & Sault Ste Marie and Duluth South Shor
Carolina Central — Bonds—See Seaboard Air Line Ry
Caro Clinchf & Ohio— 1st M $15,000,000 red 110.F.C*
Mortgage gold notes $5,000,000 redeem par.Eq.xc*
Equipment gold notes ser " A " due $130,000 8 a.Ba
do
do
Ser " B ” due $50,000 s-a---------- Un
Carthage & Adir— 1st M $1,600,000 gold gu.Un.c*&r
Carthage Water & Sack Har— 1st M g gu p & 1 end..
Catasauqua & Fogelsville— First mtge gold.-P cP .c*
Catawissa—Pref stocks 5% guar P & R Ry (see text)
First consol mortgage $2,215,000 gold — PeP.c*
Catskill Mt’n— 1st M ($2,000 not ext from 1905)..
First Income bonds----------------------------------------Cayuga & Susquehanna—Stock 9% rental D L A VV.
Cedar Rapids Iowa Falls & Northwestern—See Chlca
Central Arkansas & Eastern— See St Louis Southwest
Central Branch— See Missouri Pacific
Central of Georgia Ry— 1st M $7,000,000 gold.G.c*&r
Consolidated mortgage $18,500,000 g o ld .. Me.c*&r
Mobile DIv 1st M (Columbus to Andalusia) g -.-Q .c "
3 221 1885
183 1888
1889
218 1884
350 1887
58 1876
671
191 1883
174 1884
1890
*84
1890
"52 1905
40 1903
14 1909
e& At lantlc
Rate
%
$100 $180000009 See text
4
100 $55,616,666
5g
£ 1 0 0 & c 34,998 633
3.650.000
5g
£100 & c
4
£1 & c 136.711.616
5g
1,000 $2,544,000
5g
£100 &c £1,330,000
(6) 4
£ 200,000
£50 &c
6
$100 $2,000,000
5
£1 £4,007.381
£719,000
4g
£100
£630,000
5g
£100
4
£904,533
£1
4
500.000
£1,121,700
4g
4
1,000 $1,040,000
500.000
4g
1,000
300.000
500 &c
4K e
—See sta tements of those 1
When
Payable
312
1,493
138
1895
1895
1895
1,000
1,000
1.000
7.000. 000
18,500,000
1.000. 000
5g
5g
5g
Last Dividend Places Where Interest and
and Maturity
Dividends are Payable
Q—J
&
&
&
&
O
J
J
J
Dec 31 1910,2%
Oct 1 1910 2%
July 1 1915
July 1 1937
Irredeemable
Lond & 31 Pine St N V
Company’s OUtee Lond
Baring Bros A Co, Lond
Baring Bros A Co,London
Company’s office, Lond.
J &
J &
J A D
J A
A
A
&
&
D
J
15
D
D
J
A
J
June 1 1934
Jan 1 1937
See text
Dec 1910 3
Irredeemable
July 26 2882
Aug 1 1934
Irredeemable
50 years
London & 31 Pine St N Y
Baring Bros A Co, Lond
Can Pac office, London
Montreal and London
Morton, Rose, London
Toronto and London
London
do
do
A
J
J
J
J 3 & J 2002
J A J 1955
J A J July 1 2002
F A A Aug 1 1929
mpanles
1,000 10, 000.000
1908
5K
5,000,000
1,000
1909
5g
2.180.000
1908
5g
1.000
9 0,000
1910
5g
1,000
1,100,000
46 1892
1,000
4g
29 1891
300.000
1.000
5g
1898
135.000
1,000
4 g
M A
'98
5
50 3,200,000
A A
103 1898
2 215.000
1.000
4g
39,000
1,000
F A
16 1885
5
100 &c
6
238.000
1885
30
"34
589,110 See text
go Ro ck Isia nd & Pac IflC Ry
ern
Injaddltlon to the 4% perpetual debenture stock outstanding, there Is also
outstanding $3,505,000 4% bonds of the Great Northern Ry. of Canada
(guar, as to prin. and lnt. by Canadian Northern R y.). The Central Trust
Co. of New York holds $6,500 bonds for exchange for the unexchanged bal
ance of Great Northern R y. of Canada first Issue of 5% bonds.
DIRECTORS.— D. B. Hanna, Z. A. Lash, Frederic Nlcholls, W. H.
Moore and F. C. Annesley, all of Toronto. Ont.; H. H. Melville, Boston,
Mass.; Hon. F. II. Phippcn, Toronto; Hon. Jules Tessler, Senator, of Que
bec, P.Q.; Thomas McDougall, Mayor of Quebec; A. J. Mitchell, Toronto,
Ont., and It. M. Horne-Paync. London, Eng. Pres., D. B. Hanna; V.-P.,
H. H. Melville; 2d V .-P., Frederic Nlcholls; Sec., VV. H. Moore,, all of
Toronto. Ont.— (V. 84, p. 693, 748.;
C A N A D I A N P A C I F I C RY — ROAD.— Owns a trans continental railway
from Montreal to the Pacific Ocean, made up as follows July 1 1910.
Montreal to Vancouver............2,9081 Under construction July 1 1910 471
Branches and auxiliaries.........3.1221Operated account of owners. . 262
Leased lines............- ................. 4,1471 Also controlled but oper. sep.—
Used Jointly.........- ......................
94laMlnn. St. P. A Sault Ste. M. .3.616
------- 1aDuluth South Shore A Atlantic 606
Total In traffic returns___ 10.2711 aSee each company’s statement.
Branches aggregating 190 miles were opened Jan. 1910. In Jan. 1909
urchase of control of Wisconsin Central by Minn. St. Paul & Sault Ste.
larle was concluded. V. 88, p. 157.
In Aug. 1910 purchase had been arranged of practically all the stock of
Dominion Atlantic Ry., Yarmouth to Truro, with branches, total 247
miles, with 45 miles trackage to Halifax, possession to be taken In 6 to 8
months. V. 91, p. 728; V. 90, p. 1490. 1424.
HISTORY ETC.— Incorporated Feb. 18 1881 under charter from Do
minion of Canada, receiving $25,000,000 In cash as a subsidy; also 25,000.
000 acres of land, all to be fit for settlement. Operates trans Atlantic and
Pacific steamship lines; also steamers to Alaska.
STOCK.—The Issue of preferred must never exceed one-half thecommon.
Stockholders voted Oct. 7 1908 to Increase auth. com. stock from $150,
000,000 to $200,000,000, $30,000,000 new stock being subscribed for by
com. stockholders at 125, payable In 5 equal Installments to Sept. 1910.
New stock will be entitled to dlvs. for half-year ending Dec. 31 1910. V.
87, p. 613, 936, 1008; V. 89. p. 917, 1068; V. 90, p. 1044, 1674.
DIVS. since 1900)— 1 ’01. ’02. ’ 03. '04 to ’06. ’07 t o ’09. '10. Jan. ’ l l
Railroad earnings_____) 5
5 5)4 6 yearly
6 yearly 6H 1 V\ QU.
Land sales Interest___ J . .
- - --------1 yearly 1
'4 qu.
Extra dividends at 3% yearly (M of 1% quar.) are to be paid from the
Interest on land sales and extraneous assets beginning April 1911, Increasing
the yearly rate to 10%. V. 92, p. 117.
BONDS. DEBENTURE STOCK, GUARANTEED BONDS, ETC.—
List of securities held against consolidated debenture stock In V. 91, p. 728.
In July 1910 $136,711,616 debenture stock was outstanding, £1,598,935
being sold in 1910.
Stockholders on Oct. 3 1910 authorized the Issue of consolidated deben
ture stock at not over £6,000 per mile on 513 miles and £4,000 per mile on
40 miles, to construct various branches aggregating 553 m.; also acquisition
and lease of certain lines. V. 91, p. 728, 1093, 1095.
In June 1890 company agreed to guarantee the principal and Interest of
$20,000,000 4 % bonds to be Issued by the Dul. So. Sh. A Atl.; also 4 % lnt.
on consolidated bonds of the Minn. St. P. A S. Ste. M., and In 1899 Interest
on the second nitge. 4s of the latter, and In 1901 Interest on $1,254,000
Mineral Range 4% bonds, the last named being all owned June 30 1910.
Owns Dul. S. S. A Atl. consols. $15,107,000.
St. Lawrence A Ottawa bonds are endorsed with the Canadian Pacific’s
acceptance of a 999 years’ lease at a rental sufficient to pay 4 % Interest on
bonds, and the bondholders’ agreement to accept interest at 4 % (Instead of
8% ) and to refrain from demanding principal (due 1910) during lease.
V. 90, p. 1361.
Tho New Brunswick Railway consolidated debenture stock has Interest
guaranteed by Canadian Pacific; Interest on the 1st mtge. bonds, though
not guaranteed. Is paid out of rental under 990-year lease of 1890.
The Calgary A Edmonton Ry. debenture stock Is guaranteed Interest at
4 % under new lease of 1903.
V. 76, p. 435; V. 77, p. 636.
The Lindsay Bobcaygeon A Pontypool Ry. bonds are Issued under a
99-year lease covering the Interest. V. 77, P- !225: V. 79, p. 2085
The Interest on the Aroostook Valley (Electric) B R . 20-year 4 14% bonds,
which In Sept. 1909 almost completed a first unit of 14 miles from Presque
Isle to Washburn, Me., Is to be guaranteed. V. 89, p. 846; V. 90, p. 107.
Car trusrs outstanding June 30 1910, $1,360,000
LANDS.— Lands unsold June 30 1910 were 7,335,248 acres of Canadian
Pacific grant and 101,833 acres of Manitoba South Western grant, 102,641
Great North-West Central grant. 3,158,146 British Columbia Southern,
52,635 acres of Columbia and Kootenay grant and 1,263,313 acres of
Columbia & Western grant; total, 12,013,816 acres. rhe Columbia &
Western Ry. claims a further area, which Is In dispute. lotal sales In
1909-10, 975.030 acres for $14,468 564
C G E N E R AL FINANCES.— In 1906 stockholders subscribed for $20,280,
000 new com stock at par. In Feb. 1908 for $24,336,000 at par and In Nov1909 for $30,000,000 at 125. V. 74, p. 378; V. 82, p. 333. 691. In 1907-08
£1,000,000 pref. stock was sold. In 1908-09 £800,000, and In 1909-10,
£600,000. V. 84, p. 338.
In Feb. 1908 £2,000,000 4% debenture stock was sold, in 1908-09 £2,
727,340 and In 1909-10 £1,598,935. V. 85, p. 599; V. 86, p. 545.
In July 1906 the last of the $15,000,000 land grant bonds was paid oil,
leaving the land grant unencumbered; on June 30 1910 the balance due on
account of land sales was over 527,942,113. on which 6% lnt. Is received.
This Interest will be used to pay extra dividends on the common stock; 1%
extra per annum was paid In 1907 and to Jan. 1911. V. 83. p. 817.
• In Oct. 1910 the dividend rate was raised from 7 to 8% , Including Interestion land sales and extraneous assets, and In April 1911 is to be further
Increased to 10%. V. 92, p. 117; V. 91 p. 396, 945.
S
Amount
Outstanding
Par
Value
Junel 1938
July 1 1910
June 'll- D e c ’ 18
July ’ 11-Jan ’ 20
Dec 1 1981
July 1 1931
July 1 1928
NOV 19 1910 2 X,
Apr 1 1948
Aug 1 1915
Aug 1 1915
Jan 1911 4H
F A A Nov 1 1945
M A N Nov 1 1945
J & J Jan 1 1946
Can Pao Office, London
Can Pac Office, Montreal
Bk of Montreal, Toronto
N Y and Augusta. Me
Blair A Co, New York
do
do
do
do
do
do
Grand Cent Station, N Y
do
do
Reading Terminal Phlla
Company’s Office, Phlla
do
do
Tan Nat Bk Catskill N Y
2.91042% paid In Sept’07
30 Pine Street New York
Guaranty Trust Co N Y
do
do
do
do
EARNINGS.— 5 mos., / 1910.......... Gross, $47,082,368; net, $19,330,174
July 1 to Nov. 30.
(1909_____ Gross. 41,710,754; net, 16,954,454
ANNUAL REPO RT.— Fiscal year ends June 30. Annual meeting Is
held at Montreal on the first Wednesday In October. The report for 1909-10
at length was In V. 91, p. 716, 727. Annual meeting. V. 91, p. 1093. See
also editorial, p. 761.
„ „ __
1909-10.
1908-09.
1907-08.
Miles operated end of year-------------10,271
j}.878
Passenger earnings__________________ $24,812,021 $20,153,001 $19,900,432
Freight ................................................ 60.158,887 48,182,520 44,037,598
Mall, express and miscellaneous-------- 10,018,582
7,977,800 7,440,143
Total earnings____________________ $94,989,490 $76,313,321 571,384,174
Net earnings_______________________ $33,839,956 $22,955,573 $21,792,366
Interest received___________________
3,335,713
2,306,488
2,6o4,633
$37,175,669 $25,262,061 $24,446,999
Fixed charges______________________ $9,916,941
$9,427,033$8,770,077
For steamships, A c________________
980,000
880,000880,000
Dividends on common stock *__ (6 H) 10,167,179 (6) 9,000,000 (6)7,300,800
Dividends on preferred stock________(4)2,214,933 (4)2,107,867 (4 ) 1,916,407
Balance, surplus.............................. .$13,896,616
$3,847,161$5,579,715
• Also 1% extra yearly from Interest on land sales, viz.: H % April
und H% Oct. 1.— (V. 91, p. 727, 945, 1093, 1095, 1384; V. 92, p. 117.)
CANE BELT RR.— See Atchison Topeka & Santa Fe.
CAROLINA CLINCHFIELD & OHIO RY. — (See M ap.)— In operation
from Dante. Va., to Spartanburg S. C., 245 m. The Dumps Creek Line,
St. Paul, Va., to Hurricane, Va., 12 m., was opened May 1910. Connects at
Bostic, N. C.. with Seaboard Air Line Ry , with which close relations are
maintained, by which tidewater Is reached. V. 88, p. 944; V. 87, p. 670.
Controlled by the Cumberland Corp., which owns the Olinchlleld Coal Corp.,
whose 285,000 acres of coal lands the road will develop. V. 8Q, p. 669:
V. 83. p. 154. See Cumb. Corp. Financed by leading N. Y. bankers
Wnmt; changed In March 1908 from w>onth
Westein h*».» stock being
Increased to $30 ,000 ,000 , of which $ 15,000,000 Is 6% preferred and
$15,000,000 common. In Feb. 1910 arranged with Southern Ry. to send
coal to Charleston, S. C., where company will have a terminal to handle
coai for export. V. 90. p. 558.
B O N D S __The first mtge. has been authorized to secure $15,000,000 30y ea r5% bonds dated June I 1908. of which $3,000,000 were used to retire
the old bonds (3 Issues) to the same amount deposited as collateral for tho
Cumberland Corporation 1-ycar notes of 1908; In Aug. 1908 $7,000,000
additional bonds were sold, making $10,000,000 outstanding. The mtge.
Is secured on the road from Dante, Va., to Spartanburg,.S. C.. 245 miles.
V 86 n 667 85™ V. 88, p. 944. In Feb. 1909 $2,600,000 equipment
notes,’ Series ‘ ‘A , " ’ and In Jan. 1910 $1,000,000 Scries ” B" were sold.
V'ln Sju ly 1909 $5,000,000 10-year 5% mortgage gold notes following in
Hen the $10,000,000 first 5s of 1908 were sold
They are subject to call as
a whole or mav be drawn In part by lot.
V. 89, p. 285.
Mark W. Potter, Chairman of Board, 24 Broad St., N. Y .— (V. 90, p.558
CAROLINA & NORTHWESTERN RY.— See page 169.
CARTHAGE & ADIRONDACK RY.— See page 169.
CARTHAGE WATERTOWN & SACKETT’ S HARB. RR .— See page 169
CATASAUQUA & FOGELSVILLE RR —See page 169
CATAWISSA 91) — Owns from Tamanend. Pa., to Newberry Jet . Pa..
102 89 miles’ second track, 38.69 miles; total, 216.01 miles. Released
Deo. 1 1896’ for 999 years to Philadelphia A Reading Railway. Rental,
Interest on bonds, 5% dividends on preferred stock, all taxes and $8,000
tor organization expenses. See also V. 63,P- 969. 1116. Of the preferred
stocks. In 1909 $2,200,000 was first preferred and $1 000,000 second pre
ferred, and common was $1,159,500; par, $o0. (V. 72, p. 1187.)
CATSKILL MOUNTAIN RY.— See page 169.
CAYUQA & SUSQUEHANNA RR.— See page 169.
CENTRAL OF GEORGIA RY.— (See M ap.)— System Includes:
Lines leased— (see these cos.) Miles.
Lines owned in fee—
Milesh
Southwestern R R .—
Savannah to Atlanta---------- 295
Macon to Eufaula__________ 144
Gordon to Porterdale______
66
Fort Valley to Perry________
12
Columbus to Birmingham, Ala. 156
Fort Valley to Columbus___
71
Coiumbus to Amerlcus-----------62
Smlthville to Columbia.........
85
Montgomery to Eufaula, A la-80
Cuthbert to Fort Gaines___
21
Columbus to Greenville, Ga—
49
Opelika to Roanoke---------------j>6 Augusta A Savannah R R .—
Mlllen
to
Augusta__________
53
Eufaula to Ozark------------------60
Griffin, Ga.,to Chat.,Tenn., Ac. 198 Chattahoochee A Gulf R R .—
Columbia to Lockhart.........91
Chlckamauga to Durham--------18
3
Savannah to Tybee___________
18 Trackage____________________
Columbus to Andalusia_______ 138
Total oper. July 1910........... 1,916
Macon Junction to Athens------ 102
Brewton to Dover------------------77
Barnesvllle to Thomaston_____
16 Also Mcldrlm to Lyons, 58 imiles
(leased to Seaboard Air Line).
Lyerly Branch________________
0
Upper Cahaba Branch-----------12 Ocean SS. Co., cst. cqulv. o f___ 300
Greenville to Raymond----------24 Controls Wrlghtsvlllc A Tcnnllle and
Wadley Southern R y.
Total owned (and oper.)----- 1,436
ORGANIZATION.— Succeeded Nov. 1 1895the Central R R . A Banking
Co. of Georgia foreclosed. V. 60, p. 1008; V. 61, p. 68. All of the Wadley
Southern Ry. bonds are deposited to secure short-term notes due March 1
1912. V. 85, p. 605.
„
.
In June 1909 the $5,000,000 stock was acquired by tho Illinois Central,
but the road Is operated Independently. V. 88, p. 1559; V. 84, p. 1550;
V. 85. p. 1082 1268; V. 86. p. 667.
Miles Date
Road Bonds
RAILROAD COMPANIES
IFor abbreviations, A c., see notes on first page]
Cent of Ga R y— (Con)—
Macon & North Dlv 1st M $840,000 gold---M B a.c>
Ocon Dlv 1st M Brewton to Dover *6,000 p m .-S .c*
Eatonton Br 1st M not gu g------- -------------------------Mid Ga A Atl Dlv 1st (consol) M *0,000 p m — Q.c*
Chattanooga Dlv purch money M *2,400.000 g-S.c*
Chattanooga Rome A So 1st M *500,000 g-Un.c*
Upper Cahaba mortgage gold rod 102 J4------------ N
Greenv & New 1st M g red 102*4----------------------N
2d do
do . --------3d do
do j non-cumulatlve------------------ Ala
Central HR A Bk coll tr bonds gold red at llO.Cs.c*
Locomotive and car trusts payable *33,000 s-a----- c
Equipment trust series 11 *51,000 s-a (V 82 p 217) . .
Equip trust series 1 *115,000 s-a (V 83 p 751)
rlr*
do
do series K *38,000 semi-annually .
Notes secured by VVadley Southern bds-----Guaranteed, A c., Securities
Ocean SS Co tlrst mortgage gold guaranteed. -Ce.o'
Augusta & Savannah stock (no bonded debt) Southwestern Railroad stock (no bonded debt)
Chattahoochee & Gulf stock-------------------------First M gold *2,000,000 Int rental s f red at 102*4
Cent Indiana— 1st M *4,000.000 gu p & I end.Ce.c* A
Central New Eng— First M called 105 Feb I ’ l l FP.c
General mortgage 5% Incomes *7,250,000------FP.r
Dutchess County R R — First M gold guar------Me.c*
Divisional bonds----------------------------------------Refunding mtge $25,000,000_______ _______
Central Ohio—See Baltimore A Ohio
„ ,
Central Pacific— 1st refund M g gu p & 1 endCe*.cAr
3*4s *25,000,000 gold guar p A 1 end------- Us.c*Ar
Lucln cut-off 1st M *10,000,000 guar (text).Q.c*&r
Central RR of Haiti— 1st M U S gold pay 105 at ma
turity or company’s option____________________ G
Central RR of N J—Stock (*30,000,000 authorized)
Cent RR of N J gen M *50,000,000 gold.........Ce.rc
do
registered___________
do
102
77
2)
65
164
138
12
24
—
53
333
Interest on funded debt, A«
Rentals and miscellaneous.
Tax settlement (prior to July 1 ’08)..
Last Dividend
and Maturity
Dividends are Payable
$840,000
5 g J A J Jan 1 1946
462,000
5 g J A D Deo 1 1945
168,000
5 g J A D Juno 1 1026
5 cur J A J Jan 1 1947
413,000
J A D June 1 1951
2,057,000
4 g
343,000
5 g J A J July 1 1947
F A A Aug ’ ll-A u g *2f
435.000
4g
450.000
4 g M & S Mch ’ 11-Sep '25
Oct 1 Nov 1 1945
4,000,000 See text.
Oct 1 Nov 1 1945
7,000,000 See text.
4,000,000 5 in 1006 Oct 1 Nov 1 1945
M A N May 1 1937
4,880,000
5g
66,000
Various To Jan 1912
4K
610.000
4*4 g F A A To Feb 1916
915,000
4*4 g J A J To July 1916
M A S To Mch 1 1917
494,000
5g
5g
M A S Mch 1 1912
650,000
Guaranty Trust Co N Y
do
do
Savannah Ga
Guaranty Trust Co, N Y
Guaranty Trust Co N Y
Union Trust Co New Yk
Guaranty Trust Co N Y
Guaranty Trust Co N Y
Guar Tr Co N Y or Savan
do
do
do
do
Guaranty Trust Co N Y
Blair A Co New York
do
do
Kountzo Bros New York
do
do
Guaranty Trust Co N Y
1890
'03-’04
1.000
1,000,000
5 g J A J July 1 1920
69,000
5 g J A J July 1911
5
J A ,J Jan 1011 2J4%
1,022,900
5
,1 A J Jan 1911 2 14 %
5,191,100
5
.1 A .) Jan 1 1911 2H
436,400
325,000
5 g J <& J July 1 1030
4 g M A N May 1 1953
1,500.000
5 g F A A Feb 1 1011
1,250.000
Oct 1 Feb 1 1949
5g
7,250,000
350.000 4*4 (6) g J & D June 1 1940
50 years
4
See text.
Guaranty Trust Co N Y
Blair A Co New York
Savannah Ga
Savannah and Macon
Savannah Ga
Citizens’ Bk SavannahGa
Central Trust Co N Y
Fidelity Trust Co Phlla
5% paid for year 1009-10
Fid I T & S D Co Phlla
1000
1903
1899
1899
1890
1,340
1,349
103
1899
1899
1904
1909
1887
1887
100
100
100
1,000
1,000
1,000
1,000
1,000
500 Ac 99,750,000
500 Ac 16,129,000
9,640,000
1,000 Ac
F
4 g
3*4 g J
A
4 g
A A Aug 1 1949
I) Aug 1 1929
O Oct 1 1954
&
&
800,000
6g J A D
1.000
100 27,436,800 St e text. Q— F
1,0001 b45,091,000 1 5 g J A J
1 5g
O— J
500 AcJ
b Include* *1.167.0
*3,577,846
*3,106,098
732,091
*3,293,146
*2,866,867
720,656
$2,864,036
*2,481,492
392,123
*1,959,556
561,094
1,318,123
*3,587,523
$1,977,844
556,414
837,102
213,502
*2,873,615
*1,999,541
554,732
324,768
Balance, surplus or deficit________ sur.*1,216 sur.*2,661 def.$5,426
OFFICERS.— Pres., __________ _ Atlanta, Ga. Directors, July 1909.
V. 87, p. 1009; V. 89, p. 162.— (V. 91. p. 527, 1628; V. 92, p. 185.)
CENTRAL INDIANA RY.— Muncle to Brazil, Ind., 127 m ., of which
10 m trackage. V. 7 6 , p.653. Controlled by Clev. Cine. Chic. A St. Louis
and Penn. R R . Interests. Bonds, guaranteed by Clev. Cine. Chic. A St. L .,
are limited to *20.000 per mile; outstanding, *1,500,000. V. 77, p. 517,
2279' V 78 n 1906 1961. Stock authorized,* 120,000. Cal. year 1909.
gross’, *i76,579; def. under oper. exp., *33,550. In 1908, gross, *139,762
Pres.. Joseph Robinson.— (V . 77, p. 2279; V .7 8 ,p . 1906, 1961.)
CENTRAL NEW ENGLAND RY.— Owns from Campbell Ilall, crossing
the Hudson River at Poughkeepsie by Its own bridge, to Sllvernalls, 58 m.;
Poughkeepsie N. Y ., to Hopewell, 12 m.j Dutchess Jet., N. Y ., to StAtc
line, 59 m.; Poughkeepsie, N. Y .. to Boston Corners 35 m.; total owned.
164 miles; and leases and controls Hartford A Conn. Western R R ., Hartford
to Rhlneollff, 109 m.: Wlcopee Jet., N. Y ., to Flshklll Ldg., N. Y. 2 m.
total. 293 miles, of which 20 miles abandoned Oct. 1909. V. 89, p. 918.
O R G A N I Z A T I O N . — O n June 30 1910 the New York New Haven A
Hartford R R . owned *3,471,000 pref. and *4,488,550 common stock, and
*7,037 442 of the *7,250.000 Income and $192,000 first mtge. bonds; also
divisional bonds, viz., the $500,000 Poughk. A East. 1st mtge. 5s, all of
the *216.000 coll, and *1,164.500 Income N.D A Conn.bonds and *2,592,389
nut es pay able . V . 85. p . 404, 858; V 89. p. 469. V. 90, p. 1238, 1296, 1489;
V. 91, p. 153, 396, 870.
STOCK.— Common, *4,800,000; pref., 4% . *3,750,000; par. *100
BONDS.— In Oct. 1910 the company was authorized to make a *25,000,000 4% 50-year refunding mtge. and to Issue at present $12,317,000 bonds,
guaranteed by the N. Y. N. II. A Hartford, to refund at par all outstand
ing obligations, viz., *10,577,000 bonds and *1,740,000 notes. V. 91, p.
1253, 1765; V. 92, p. 59. Dividend on incomes, 4% for fiscal year 1908-09,
paid Oct. 1 1909: Oct. 1910, 5% . V. 89. p. 592
EARNINGS.— 5 mos.,(1910.............. Gross, *1.339,153; net. *515,802
July 1 to Nov. 30. 11909________Gross, 1.288,315; net, 563,336
12 Mos.end.i une30. Cross.
Net.
Other Inc. Charges.
Balance.
1909-10...................... $3,022,720 *1,184,613 *63,186 *832,918 *414,881
1908-09...................... 2,530,213
854,013 56 849 790,797
120,065
OFFICERS.— C. S. Mellon of New Haven, Pres.; A. S. May, Treas., and
Arthur E. Clark, Sec.— (V. 91, p. 1223, 1765; V. 92, p. 59.)
When
Payable
*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
50,000
BONDS.— The first mortgage of 1805 (described In V. 63, p. 1160) Is a
first lien on the main line from Atlanta to Savannah, Including the Mllledgevllle branch (312 m. In all). all equipment and appurtenances, and the equity
In *1,095,000 stock of Ocean SS. Co. V. 84, p. 529, 605; V. 87. p. 550.
Application for listing firsts and consols In V. 63. p. 1160
The consol, mart. (see abstract V. 61, p. 873; also V. 63, p. 1160; V. 83, p.
1347) Is a first l(««upon 600 m. (Including former Mont. A Eufaula RR.,Sav.
& Western and Sav. & Atl.); also on the leases of the South Western and
Augusta A Savannah roads and the stock of New England A Savannah
Steamship Co., and a second lien upon the main line. Its equipment. Ac.,
and also on the Macon & Northern, Mobile A Girard, and other divisions.
It also covers all leaseholds, securities, Ac. V. 85, p. 605; V. 89, p.777.
Collateral trust mortgage abstract was In V. 45. p. 242.
The Chattanooga Division mortgage Is a first lien on the former Chatta
nooga Rome A Southern R R ., Carrollton. Ga.. to Chattanooga, Tenn.,138
miles and Durham to Chlckamauga. Ga.. 17 miles, with branches, In all 164
miles subject to *343.000 old 5s, for which a like amount of bonds Is re
served. V. 72. p. 1134: V. 78. p. 1446.
, ,
a .
U w er Cahaba Branch bonds are secured by coal lands In Northern A la
bama, also by road Henry Ellen to Margaret, Ala. V. 81, p. 920, 1099.
PREFERENCE INCOMES.— These bonds, subject to the prior mort
gages. cover the main line and the former Savannah A Western, Columbus
A Rome, Montgomery A Eufaula, Mobile A Girard, Macon A Northern and
Savannah A Atlantic and other railroads, and their equipment, Ac. They
are non-cumulatlve and bear Interest not exceeding 5% in any one fiscal
ve/ir but payable only out of earnings as declared. V. 81, p. 974, 1174.
B S it f .(W )-?06. ’9° ’08. ’ 99. ’00. ’#1. ’02. 03. ’04. ’ 05. ’ 06. ’ 07. ’ 08tO’ 10
1st Incomes 1H 2)4 2
2 *14 5
3
o
5
5
5
8 0
2d Inponics 0 0 0 0 # 9 0 0 2 5 5
Below 0
3d Incomes 0 9 0 0 0 0 0 0 0 5 5
Below 0
In Oct. 1907 the holders of *2,408,000 second preference and *1,350,000
third nreferenoe Income bonds hud deposited thefr bonds with a committee
(Jos. S. Dale, 52 William St., N. Y ., See.). V. 85, p. 529, 605, 653, 721,
792; V. 87. p. 1477; V. 88, p. 1436; V. 89, p. 592. The Supreme Court of
Georgia on Dec 14 1910, having held the company liable for full Interest on
the 3 classes of Income bonds from earnings of 1906-07, the bal. of 1.271%
on 2d pref. Incomes not paid In Oct. 1907 and the 5% on the 3d pref. Incomes
will be paid Feb. 6 1911. V. 92, p. 185; V. 91, p. 1628. In November 1909
suit was broughtto recover full Incemeint. on the 3 classes of bonds from earns,
of 1907-08. V. 89, p. 1346. In 1908 a majority of first income bonds had
been deposited with a committee (Metropolitan Trust Co. of New York,
depositary; Jos. S. Dale. Sec.). V. 87, p. 740, 1418.
LATEST EARNINGS.— (1919______Gross, *5,486,494; net, $1,558,914
5 mos., July 1 to Nov. 30.\1909____ Gross, 5,174,319; net, 1,595,580
REPORT.— For 1909-10 at length In V. 91, p. 516, 527.
Ygar ending June 30—
1909-10.
1908-09.
1907-08.
Operating revenues________________ *12,052,756 $11,155,182 *11,383,013
Operating expenses________________
8,474,9io
7,862,036
8,518,977
Operating Income (after taxe4Other Income________________
Rate
%
1895
1901
1896
1897
1901
1897
1905
1905
1805
1895
1895
1887
1005
1906
1906
1907
1907
01
117
58
58
12
All
All
Amount
Outstanding
Par
Value
June 1 1919
Feb 1 1911 2%
July 1 1987
July 1 1987
00 In treasury
120 Broadway N Y
do
do
do
do
Co’s office, 25 Broad,St
Office 143 Liberty St N Y
Liberty Nat Bank, N Y
Check fr 'in treas. off
.Inly 1010.
________
CENTRAL PACIFIC RY.— (See Map or Southern Pacific.)
Lines owned—
Miles.1
J<>
San Francisco, Cal., to near
Branches t<> San Jose, A c----- --Ogden, U ta h ............................. 871 Leased, A c.—
86
Lathrop, Cal., to Goshen, C al.. 146 Weed to Klamath Falls (leased)
14
Roseville Junction, Cal., to
Into Ogden, Ac. (trackage)-----Oregon State Line----------------- 297
Umbria to Cecil_______________ 1031 Total-------------------1,051
ORGANIZATION.— Incorporated In Utah In July 1899 as successor of
the railroad under the plan of readjustment In V. 68, p. 378.
STOCK.— (1) Common Stock, *67.275,500, all held by Sou. Pac. Co.
(2)
Preferred stock, 4% cumulative, authorized Issue *20,000,000, to be
delivered to Sou. Pac. Co. In consideration of Issue of equal amount of Sou.
Pac. Co. 4% collat. trust gold bonds; of which delivered on completion of
readjustment *12,600,000; Issued for Improvements, *4,400.000; reserved
to be delivered for Improvements and additions at not over *200,000
yearly, *3,000,000; outstanding, *17,000,000.
DIVIDENDS.— On pref., 4% yearly to 1900. Inclusive. On com .. In
1906-07, 6%; In 1907-08, 6% ; In 1908-09, 6%: 1909-10, 6% .
BONDS.— First refunding mtge. gold 4s, $100,000,000. V. 69, p. 808,
and V. 70. p. 739; V. 78, p. 228; V. 87. p. 225, 285, 479; V. 88, p. 52.
Thirty year gold 3 *4s, *25.000,000, secured by a second lien upon all the
properties covered by the 1st ref. mtge. and also by deposit with the Trus
tees, as acquired, of all securities and moneys held In any sinking fund of the
Central Paclllc R y., consisting July 1 1910 of *8,446,470 In securities and
*85 cash, and by a trust deed upon all the lands covered by the mtge. dated
Oct. 1 1870. See Mortgage Abstract, V. 69, p. 858; also see p. 851. From
the proceeds of these sinking funds and land sales cancellation of bonds are
made from time to time; In Feb. 1900 $2,505,000 3 *4s were canceled and
toJulylOlO *6,356,000 additional had been canceled, reducing those out
standing to *16,129,000. V. 70, p 739, 1194.
_
The 4% guar, bonds on the Lucln cut-off are redeemable at 107 *4 on any
lnt. day since Oct. 1909. V. 79, p. 1641. Guaranty, V. 80, p. 162.
LAND GRANT.— Total land grant was about 12,000,000 acres, of which
about 7,486,478 acres unsold June 30 1910. Sales In 1909-10, 58,802 acres.
Land contracts, July 1 1910— prln., *234,782: aver, price per acre, *5 69.
REPORT.— Year end. June 30 1910, gross, *35,020,435; net, $15,213,436;
other
ither income.
income, *868,140;
$868,140; lnt., taxes, sink, funds, Ac., *7,370.539;;
57,^570,^9^ udlv^on
v , on
Dref. stock (4% ). *556.000; dlv. on com. stock (6% ), *4,036,530,
Dal.,
pref
.........
nir., *4,118,507, of which payable to Sou. Pac. Co. under terms of lcaae,
sur
51,804,825,
leaving
*2,313,782.—
(V.
87,
p.
225,
285,
479;
V.
88,
p.
52.)
* .
.
.
_ . .
CENTRAL RR. OF HAITI.— Incorporated under the laws of the State of
New York Mch. 19 1909. Stock auth., *1,450,000, as Increased Aug. 1910;
outstanding. *1,400,000 (shares *100 each). Took over the following cor
porations by purchase of all their assets: (1) The Plalne du Cul do Sac RR.
Co. of Haiti, a 61-mlle road, lncl. 16 miles building: (2) the Port-au-Prlnoc
Wharf Co., all the stock and bonds of the former and the bonds of the latter
having been pledged to secure the bond Issue (limited to $800,000).
The above-mentioned collateral securities carry with them a guaranty on
the part of the Gov’ t of the Republic of Haiti for the payment of an annual
subsidy of *41,280, U. S. gold coin, for which guaranty 20% of the Govern
ment’s revenues from the duties on cocoa and logwood are pledged, which
total revenues exceed by about 10 times the amount of this guaranty.
V. 89, p. 162. N. Y, office. 25 Broad St.— (V. 91, p. 276.)
CENTRAL RR, OF NEW JERSEY.— (See Map Reading System.)— Oper
ates from Jersey City, opposite New York City, westerly to Wilkes-Barre
and Scranton. Pa., and the neighboring anthracite coal fields: also southerly
to the seashore resorts of New Jersey and to the Delaware River.
* See this company.
Miles.
Lines owned in fee—
Milts.
Jersey City to Phllllpsburg............. 72 Nesquehonlng Valley*---------------- 17
Sundry branches------------------------ 84 Lehigh A Susquehanna, Phllllps
burg to Union Jet., A c-------------171
Entire stock owned—
Wilkes-Barre A Scranton*--------- 6
New York A Long Branch R R .,
Perth Amboy to Bay Head--------38 Other lines-------------------------------- 7
Trackage—
New Jersey Southern R R ., Long
Union Coal R R ------------------------- 10
Branch toAtslon, Ac-------------Other lines (no debt)------------------I 47 Allentown Term. (oper.Jointly).. 3
Other trackage------------------------- 34
Leased (mostly for 999 years)—
Dover A Rockaway R R ------------ 6
Ogden Mine RU*. . .
........ I'11 Total oper July 1910________ 606
There are 263 miles of 2d, 41 miles of 3d and 30 miles of 4 tracks.
HISTORY.— Reorganized In 1887 without foreclosure— see plan V. 44, p.
714. 716. Concerning coal properties, see Lehigh A Wilkes Barre In “ Sup
plement” Jan. 1903 (p. 159). and Leh. Coal A Nav. In Miscellaneous . In
1901 Reading Co. acquired 5 14.504,000 stock. V.,72, p. 86, 136, 241, 391.
721. In Sept. 1909 sold *1,540,000 of *1,600,000 Leh. Vail stock.
DIV.— 1 ’ 91 . ’92 to ’ 94. ’95. ’96. ’97. ’98. ’99. ’ 00. ’ 01. 1902 to Feb ’ l l
Percent
/ 6 >4 7 v'ly. ft *4 5 4 *f 4
4
5
5 8 yearly(Q-F)
Also three 2% special dividends on Dec. 15 1909 and June 25 and Deo. 20
1910 from proceeds of 6*4% dlvs. each on Lehigh A Wilkes-Barre Coal Co.
stock owned. V. 89, p. 1410; V. 90, p. 1612.
BONDS.— For general mtge. abstract, see V. 45, p. 402.
The *20,000,000 Lehigh A Wilkes-Barre consol, serial 4s are guar, prln
and lnt., and mature *2,500,000 every 5 years beginning Juno 1 1915:
516,996,000 have been sold, *2,691,000 arc reserved to retire the 5s due
Nov. 1 1912. V. 90, p. 1296, 976.
Equipment Mortgage As. Interest at Liberty National Bank. , N . Y.City.
~
Interest. Outstanding. Instill, of Prln. due V” ly ■
($1,000 each)
Date.
*500,000 *250,000 to May 11912
Ser. B..........................1902 4% Var.
Ser. C ......................... 1903 4 % A AO 1,050,000 350,000 to April 1 1913
Ser. D
($750,000).1905 4% MAS In treasury 150.000 to March 1915
350.000 To Feb 1 1916
Ser. E ($1,750,000) .1906 4% FAA do do
110.000 to June 11917
do do
Ser. F
(*770,000). 1907 4% JAD
For 5 months ending Nov. 30
EARNINGS
Charges.
Bal., Su. .
Cross.
Net.
5 Months—
*5,016,210 *2,645,804 *2,370.4061910 .............................. *12,060,883
5,282,780
2,336.337
2,046,443
1909 .............................. 11,632,545
RAILWAY STOCKS AND BONDS.
, ion.I
RAILROAD COMPANIES
[For abbreviations, A c., see notes on first page]
Miles Date
Road Bonds
Central RR of N J — (Concluded)
L & W B 58 of 1912 sk fd not guar (not drawn) FP.c*
L A W B con M $20,000,000 serial g guar.-PeP.c*
Am Dock A Imp Co 1st M guar redeem at 110------c*
N Y & L Br gen M g int gu Jointly ($192,000 5s) -Ce
Lehigh & Hud Rlv gen M gold guar Jointly.--Ce.c*
Central RR of Penn— 1st M $1,200,000 ext 1908..FP
40
Central RR of South Carolina— First mtge gold------- c
7
Cent Ry of So Car— First M $150,000 g gu red----- CP
Central Vermont—Stock $3,000,000 -----------------------AM
First M $12,000,000 gold traffic guar............ AB.cAr
Car trusts $15,000 or $16,000 due quarterly______
Locomotive trusts $20,000 due yearly (V 83 p 751).
Car trusts $13,000 or $14,000 due semi-annually...
Montreal A Province Line Ry 1st M guar p & 1----- c
40.6
O V Trans IstM ggu pAl.$12,000or$13,000due s-aBa
Charleston & Savannah— See Atlantic Coast Line R R .
Charleston Terminal— First M $1,000 000 gold-S.c* Ar
Charleston Un Sta — 1st M$400,000 g gu(text) -Eqc*Ar
310
Charleston & West Car— IstM g($8,000 p m).Ce c*Ar
Income mtge gold non-cum ($7,000 per m ile)-.Q.c*
Augusta Terminal Ry 1st M gold guar p A I end-.Ce
'18
Charlotte Monroe & Columbia— First M $70,000 gold.
Charlotte Columbia & Augusta — See Southern Ry
Chartiers—See Plttsb Cincinnati Chicago A St Louis
10
Chat & Lake Placid—Sar A Lake Placid 1st M g.Ce.c*
8
Chattahoochee Valley—C V RR first mortgage...........
Consolidated mortgage $110,000.......................... AB
24 H
Chattanooga Stat — 1st M $1.000.000 g gu(text)Ta.cAr
Cherry vale Oklahoma & Texas Ry. — (See V. 91, p. 870.)”
34
Chesapeake Beach— First mtge see V. 81. p. 974-N.c*
Chesapeake & Ohio— Stock ($100,000,000 authorized)
'16
Terminal 1st M 1922 covering 8 m to Phoebus g -.c*
697
First consol mtge for $30,000,000 gold----- Ce.c*Ar
241
Rich. A All Dlv 1st & 2d Ms ($1,000,000 2ds).Ce.o*
26
Craig Valley Branch first mortgage gold.........Ce.c*
25
Warm Springs Branch first mortgage gold----- Ce.c*
General mortgage (for $70,000,000 &c) gold— Ce.c* 1,394
21
Paint Creek Branch 1st M $750,000 g old -------Ce.c*
Klneon Coal mtge assumed redeem since Oct 1905
100
Greenbrier Rv 1st M S3.000,000 g assumed
Tn.e~
1888
1910
1881
1891
1890
1893
1881
1906
1809
1905
1906
1907
1900
1909
5
$2,691,000
1,000 16.996.000
4g
5
1,000 4.987.000
2.500.000 4 A 5 g
1,000
1.062.000
1,000
5g
3
500 Ac
600,000
1,000
300.000
68
150.000
500
6g
100
3,000,000 $2,185,
1,000 Ac 10.732.000
4g
264.000
1,000
4K
120.000
4K
1,000
175.000
4K
200 .000
100 Ac
4g
1,000
262,000
5g
1903 1.000 Ac
1907 1.000 Ac
1,000
1896
1,000
1896
1897
1,000
1,000
1902
800,000
250.000
2.720.000
2.380.000
600.000
70,000
1,000
1893
1896
1,000
1900
1907 1,000 Ac
120,000
1898
1882
1889
1890
1890
1891
1892
1905
1901
1900
Rate
%
$ 1,000
50.000
60.000
1 , 0 00 ,000
When
Payable
A N Nov 1 1912
A D June 1 ’ 15-’ 50
A J July 1 1921
A
Sep 1 1941
A
July 1 1920
A b May 1 1923
A . July 1 1921
A . Jan 1 1926
100 held by Grand Trun
Q— F May 1 1920
Q — M Mch’ ll-M ch ’ 15
Aug 1911-1916
Q—F
A A O Apr ’ 11-Apr ’ 17
A A O Oct 1 1950
M A N15 May ’ ll-M a y ’21
i*
5 (6) g
6
5
4g
Liberty Nat Bank N Y
do
do
do
do
.
do
do
Irving Nat Ex Bk, N Y
Fidelity Trust Co Phlla
Bankers Trust Co, N Y
Colonial Trust Co Plttsb.
k Ry of Canada
Blair A Co N Y ; A Bost.
Blair A Co New York
Royal Trust Co Montreal!
Amer L A Tr Co Boston,
Bankers' Trust Co, N Y
A
A
Oct
Oct 1 1946
A O Apr 1 1947
A O Oct 1 1932
M
J
J
J
A N Nov
A J July
AJ15 July
A J Jan
32 Nassau St New YorkState Trust Co. Boston
Amer Tr Co Boston
Trust Co of America, N Y
J July 1 1953
J Jan. 1 1937
g A A
A O Oct 1 1946
ll
Places Where Interest and
Dividends are Payable,
Standard Trust Co N Y
Equitable Trust Co, N Y
Central Trust Co N Y
Guar Tr N Y If earned
Central Trust Co N Y
Rich T A S D Co Rich Va.
A
4g
i
Last Dividend
and Maturity
1 1918
15 1916
15 1920
1 1957
T A J July 1 1923
1,000,000
8 . Q—
VI Dec 31 ’ 10 U f
See 5text.
62,798,300 C
500 Ac
6 g J A D June 1 1922
142.000
M A N May 1 1939
1.000 29.858.000
5g
Jan 1 1989
4g J A
1.000 7,000,000
July 1 1940
J A
650.000
1,000
M A
Mch 1 1941
400.000
5g
1,000
1,000 45.914.000
Mch 1 1992
4K g M A
F A
1.000
539.000
Feb 1 1945
4g
5g
200 .000
A A
500 Ac
Oct 1 1915
4g
1.882 000
vr A
N o v 1 1040
1,000
1,000
100
ANNUAL RE PO RT.— The report for 1909-10 was In V. 91, p. 864.
Earnings from—
1909-10.
1908-09.
1907-08.
Merchandise_______________________ $10,031,985 $8,422,597 $8,368,056
Coal
8,045,097
8,166,369 9,099.015
Passengers _________________________ 4,523,623 4,253,920
4,282,704
Mall, express, A c__________________
1,250,806
1,225,392 1,434,639
Total operating revenue__________ $23,851,511 $22,068,278 $23,184,414
Net earnings_________
$10,583,028
$9,507,761 $9,917,848
other Income__________________ ____ 4,609,192
1,427,453
1,635,229
Total net Income...... ................
$15,192,220 $10,935,214 $11,553,077
Interest on debt____________________ $2,746,083 $2,834,434 $3,021,183
2,167,314
2,495,020
2,342,606
Rentals paid - - _____
T a x e s . - . . _______________
1.174,924
1,067,772
1,065,726
Renewal funds, A c ________________
4,000,000
2,000,000
2,300,000
Dividends . . . “ . _...............
(12)3,292,410 (8)2.194,000 (8)2,104,000
Balance, surplus___________________$1,811,483
$343,044
$628,529
— (V. 90, p. 976, 1206, 1612, 1675; V. 91. p 93. 790, 864, 1710.)
CENTRAL RR. OF PENNSYLVANIA.— See page 169.
CENTRAL RR. OF SOUTH CAROLINA.— Owns from Lams S. C. to
Sumter, S. C., 40.2 miles: spurs. Ac., 1.61 m .; total, 41.81 m. Leased to
Atlantic Ccast Line RR.: rental *31 noo vearly and taxes
Stock *170
000; par, $50. In 1909-10, rental, $31,000; general expenses, $255; lnt.,
$18,000: dlvs. (7.8?5), $13,260; balance, deficit, $515.— (V. 64, p. 887.)
CENTRAL RY. OF SOUTH CAROLINA.— (V. 82, p. 927.)
CENTRAL VERMONT RY.— Operates from Rouse’s Point, at north end
of Lake Champlain, to New London, Conn., with branches, 536 miles In all
of which 160 r e lic s leased, viz.: New London A Northern (sec that
'.
121 m.: Montvllle Branch, 3; West River R R ., 36 m. V. 68, p. 1076.
SECURITIES, Ac.— The Grand Trunk Ry. holds $2,185,100 of the $3.
000,000 stock, and under a traffic contract will make good any deficiency
In e a r n in g s to m e e t Interest on the new firsts up to 30% of Grand Trunk
gross receipts from traffic Interchanged. Form of guaranty, V. 85, p. 283.
Central Vermont Transportation guaranteed 5% bonds. V. 88, p. 1252.
EARNINGS.— 5 mos., J1910...............Gross, $1,731,828; net, $453,751
July 1 to Nov. 30.
11009......... ..Gross, 1,693,612; net, 518,437
• REPO RT.— For year ending June 30 1910, V. 91, p. 1324.
Year.
Gross.
Net.
Other Inc. Charges. Impts.,Ac. Bal.,Sur.
1909-10.$4,088,411 $872,355
$42,789 $827,739
$62,631
$24,774
1908-09. 3,795,332
822,505
32,108 821,221
30,275
3,117
OFFICERS.— Pres., Charles M. Hays; Clerk and Treas., VV. H. Chaffee
St. Albans, V t.— (V. 89, p. 1223; V. 91, p. 1253; 1324.)
CHARLESTON TERA1INAL CO.— ROAD.— Owns terminal road In
Charleston. S. C., 5.02 miles: track laid with 60-lb. steel.
Company also owns 14 wharves. 30 warehouses, about 30 acres of land,
4 cotton compresses. Ac., on the city’s water front, these being connected
by Its own road with the other railroads entering the city. V. 77, p. 298,
148. Stock, $200,000, owned Jointly by Atlantic Coast Line R R . and
Southern Rv which agree to make good any deficiency In Interest on bonds.
EARNINGS.— Gross, year ending June 30 1908, $194,209; net Income.
$70,377; lnt. and taxes, $44,852; bal.. sur., $25,525.— (V. 77, p. 146.)
CHARLESTON UNION STATION CO.— Owns passenger station at
Charleston, S. C.,used by Atlantic Coast Line and Southern Ry . which each
owns one-half the stock and guarantees the bonds, p A 1, by endorsement.
Rental covers Interest on bonds and 4% on stock. V. 84, p. 50.
CHARLESTON & WESTERN CAROLINA R Y — Port Royal, S. C., via
Augusta, Ga., to Spartanburg. S. C.. 245 m.; branches to Anderson and
Greenville, S. C.. 94 m.; leased, 2 m.; total, 340 m. Entire stock and por
tion of Incomes owned by Atl. Coast Line Co.
V. 66, p. 38. 335. Dlv. on
Incomes, 2% 1903-04, 3% 1904-05, 5% 1905-06; none since to Oct. 1910.
STOCK.— $1,200,000: par. $100. See Augusta Term. Ry. V. 66, p. 383.
EARNINGS.— 5 mos., J1910__________Gross, $741,469; net. $215,907
July 1 to Nov. 30.
11909__________Gross, 643,516; net, 169.678
REPORT.— For year ending June 30 1910, gross, $1,570,432; net, after
taxes. $398,202; other income, $32,935; interest on bonds, $172,000; rentals
and other charges, $21,923; bal., sur., $237,214. Pres., J. B. Cleveland,
Spartanburg, S. C.; Sec., R. D. Cron'y, Petersburg, Va.— (V. 73. p. 1207.)
CHATEAUGAY & LAKE PLACID R Y.— (See Map Del. A Hudson.) —
Operates from Plattsburg, N. Y.. to Lake Placid, 80 miles, of which Plattsburg to Dannemora, 16 m., Is leased at nominal rental from State of N. Y.
Stock, $3,450,000, of which $3,000,000 Is 4% pref., the latter all owned
by D. A H. V. 84, p. 50. Leased to the Delaware A Hudson until Dec.
31 2403, any balance over expenses of operation. Interest, taxes, main
tenance, damages, dividend on pref. stock, Ac., to go to the lessor The
lease Is subject to revision at 5-year Intervals. There are also $24,000
Saranac A Lake Placid 2d 5s due Nov. 1 1913.— (V. 81, p. 613; V. 84, p. 50,
930.)
CHATTAHOOCHEE & OULF RR.— Columbia, Ala., to Floralla, 92 m.
LEASE.— Leased In 1900 In perpetuity to Cent, of Georgia Ry. for 6% on
$436,400 stock and $325,000 bonds, of which 1% to be used as a sinking
fund for retirement of bonds, upon completion of which rental will be 5% on
stock, payable J-J. See Cent, of Ga. R y.— (V. 81, p. 1722; V. 87, p. 1663.)
CHATTAHOOCHEE VALLEY R Y .—Standing Rock. Ga., via W .Point,to
Jester, Ala.,32.5 m. Stock auth., $1,000,000: Issued, $110,000; par. $100.
Bonds, see table above. For year 1909-10, gross, $97,749: net after taxes,
$35,082; Interest on bonds, $12,271.
CHATTANOOGA SOUTHERN RR.—Owns road from Tennessee State
line to Gadsden, Ala., 83 m.; Round Mt. branch, 3 m.; trackage to Chatta
nooga, 5 miles. Sold at auction July 15 1910 (V. 91, p. 336). An agree
ment has been made with the Rome A Northern. Rome, Ga., to Gore, Ga.,
20 m., under which the Chatt. South, will build from Harrisburg, Ga., to
Trlon, 7 m., and the Rome A Northern from Gore to Trlon, 9 m.; the entire
Rome A Northern line to be used under long-term trackage agreement. An
extension Is to be built from Rome south to Rockmart, 27 miles, and also
one from Gadsden to Lock, 3 m.. both connecting with Seaboard Air Line,
giving, via the latter, a through line from Chattanooga to Atlanta. The
Amount
Outstanding
Par
Value
In default
Office. 71 Broadway. NY
J P Morgan A
Co. NY
do
do
do
do
do
do
do
do
do
do
do
do
Cent Tr A S Den
Co ClnO
J P ' ’organ A Co., N Y
Tennessee Alabama A Georgia R R . Is to be Incorporated to take over
the Chatt. South, and build the new mileage. V. 91, p. 1628, 336. Year
1908-09, gross, $80,578; dcf. oper., $42,684. Pres., Newman Erb.—
(V. 91, p. 1628.)
CHATTANOOGA STATION CO.— Owns union passenger station opened
Dec. 1 1909 and approaches at Chattanooga, Tenn., used by the Southern
R y.. Central of Georgia, Alabama Great Southern and Cln. N. O. A Texas
Pacific, which each owns one-fourth of the stock and guarantees the bonds
Jointly and severally, p. A 1., by endorsement. Rental covers bond Interest
and 4% on stock.— (V. 84, p. 50.)
CHESAPEAKE & OHIO R Y . — (See Map.)— Operates from Newport
News.Va., and Wash . D.C.. to Cln..O., and Loulsv., Ky., with branches.
Lines owned in tee—
' Miles ' Controlled by stock—
Miles.
Ft .Monroe, Va. ,to Covington, Ky .663 Bridge— Covlngton-CIncInnatl .
2
Klchmond via Lynchburg, to Clif
Virginia Air Line............................. 30
ton Forge, Va........................... .230
Lines leased —
Branches In Va. and W. Va_____ 532 Sundry branches leased_______
21
Denton, Ky., to Lexington_____ 103 Trackage to Louisville.............. .
84
Big Sandy Jet. to Elkhorn City,
Trackage to Washington, D. C. 85
with branch__________________ 128 Other trackage______________
31
Branches In Kentucky__________ ",5
Second track (338 owned) . . 437
Total system June 30 m io 1.939
Also controls Hocking Valley, 350 m.- Chcs. A Ohio Ry. of Ind., 284 m..
and Kanawha A Mich. (Jointly with Lake Shore), 176 m.; also owns onesixth Interest In the Richmond-Washlngton Co. In Dec. 1910 purchased
the Kanawha Bridge A Terminal Co. V. 91, p. 1629.
HISTORY, Ac.— In 1888 reorganized without foreclosure. The stock
holders voted Oct. 19 1909 to purchase the Coal River, Raleigh A
Southwestern and Virginia Air Line railways. V. 89, p. 720. In Jan.
1909 a syndicate headed by Edwin Hawley acquired about $24,000,000
stock, giving them virtual control. V. 88, p. 294. Owns $7,501,800 of
the $11,000,000 Hocking Valley common stock. Including $6,347,800 ac
quired In Mch. 1910; also $4,027,100 of the $9,000,000 Kanawha A Michi
gan stock, the Lake Shore purchasing the same amount. V. 90, p. 771,
849, 977; V. 91, p. 802, 1095. In June 1910 the Chic. Cln. A Lou. (284 m.,
incl. 18 miles trackage) was acquired at foreclosure, the Chesapeake A Ohio
RR. of Indiana being Incorporated In July 1910 to take over the road, Its
entire $3,000,000 stock and $8,200,000 bonds to be owned and held In
treasury of Chcs. A Ohio Ry. The earnings of the Indiana co. are Included
wlthC. A O. since July 1 1910. V. 90, p. 1675; V. 01, p. 93, 214, 802.
STOCK.— Authorized stock was Increased to $100,000,000 April 28 1910
of which $37,200,000 were reserved for conversion of new 4 ^ % s . See
BONDS below.
DIV ID E N D S— 1899 to 1908, both Inci., 1% yearly. In 1909, 3 % ;
1910, Mch., 1%: June. lK % ;S e p ., l'A%\ Dec., 1 H%BONDS.— Abstract of consol, mtge. of 1939 In V. 49, p. 147; V. 86, p.
1588; of Richmond A Allegheny mtges., In V. 51, p. 144.
The general mortgage of 1892 (Central Trust Co. and II. T. Wickham,
trustees) Is for $70,000,000, but additional amounts at $25,000 per mile may
be Issued for double-tracking. See full abstract of mortgage In V. 54, p.
644. In July 1910 $31,131,000 were reserved to retire underlying bonds.
The general funding and Improvement mtge. (limited to $30,000,000)
funded $7,500,000 notes and will provide for future requirements for exten
sions, Improvements, equipment, Ac. See limitation as to Issue under
convertible issue of 1910, below. V. 87, p. 1663; V.88, p. 09, 157, 1312.
The stockholders voted April 28 1910 to authorize an Issue of $37,200,000'
20-year 4 H % convertible gold bonds, of which $31,390,000 has been sold,
to provide for purchase of majority stock of Hocking Valley R y., half
interest In majority stock of the Kanawha A Michigan, the acquisition
of the Chicago Cincinnati A Louisville after foreclosure sale, equipment,
Improvements, working capital, Ac. Stockholders were ollcrcd the prior
right to subscribe for the bonds at 93 K and Interest. The bonds,
are redeemable after 1915 at 102 K and convertible at par at the option of
the holder into stock between May 1 1911 and Feb. 1 1920. Any future
mortgage on lines owned In 1910 must secure equally the convertible 4 K b
and must provide that so long as any convertible bonds remain out (1) the
Issue of general funding and Impt. bonds shall be limited to the $11,000,000already Issued and (2) no pref. stock shall be Issued and no stock dividend,
be distributed. V. 90. p. 771, 848; V. 91, p. 870, 945, 1159, 1574.
Louisville A'JeJ/ersonville Bridge.—See separate statement for that co.
Of the Greenbrier Ry. 4s of 1900, guaranteed prln. and lnt., and assumed In
1903-04, $1,000,000 are reserved for extensions and Improvements. See
guaranty. V 72. p. 626; see also V. 71. p. 554, 602; V. 79. p. 915. Of the
Big Sandy 4s of 1904. remaining $229,000 Is reserved for extensions. V. 79,
P- 017; V. 82, p. 297; V. 87, p. 225. 414, 1418. Guaranty, V. 81, p. 668.
Of the $3,000,000 Coal River 4s of 1005, $550,000 Is reserved for exten
sions and Improvements. V. 80, p. 2210; V. 83, p. 693; V. 89, p. 720.
Paint Creek Br. 4s *211,000 reserved for extensions. V 81, p. 974, 910.
Raleigh A Southwestern 4s. V. 84, p. 1114: V. 89, p. 720.
Car Trust Series 4% Gold (Denomination $1,000 each).
Date.
Mature in Installments
Outstanding.
Aug. 1911
Last Installment.
"A ” 1901.................................$100,000
“ B” 1 9 0 2 ............................. 200,000
Aug. 15 1912 Last Installment.
” C” 1902............................... 200,000
Mch ’ 11-Sept.’ 12 50,000 s.a.
“ D” 1903............................... 600,000
A u g .’ 11-Aug *13 200,000 yrly.
300.000
" E ” 1903..........
June ’ 11-Dec. *13 50.000 s.a.
" F ” 1904............................... 280,000
June ’ 11-Dec. ’ 14 35,000 s.a.
” G” 1 9 0 5 ...........
810.000
Apr. ’ U -A p rll’ 15 00,000 s.a.
“ H” 1 9 0 6 ............................. 880,000
Apr. ’ 11-Aprll *16 80.000 s.a.
“ I” 1 9 0 6 ...............
550,000
Juno ’ 11-June *16 50,000 s.a.
’ ’J” 1906............................... 1.045.000
Aug. ’ 1l-Aug. ’ 16 95,000 s.a.
“ K” 1906............................... 960.000
Apr. 15’ ll-O ct.’ 16 80,000 s.a.
July ’ 11-Jan. ’ 17 113.000 s.a.
” L” 1907............................... 1.346.000
” M” 1907 ............................. 1.344.000
Aug '11-Feb. ’ 17 112.000 s.a.
“ M. R. Co” 1910.................. 220,000
To May 1 1915
Merc. Tr. Co. ’ 10. 2,170.000 Ascollateral To Nov 18 1911.
None of the C. A O. cq. corp. notes (5%) were outstanding In Dec. 1910.
T"terest paid semi-annually as Indicated by maturity date: ” A and
at Girard Trust Co.. Phlla.: ” C.” “ E” and *.F” at office of Blair A Co.,
RAILWAY STOCKS AND BONDS
RAILROAD COMPANIES
[For abbreviations, &c., see notes on first page]
Ches. & Ohio (Concl.)— Coal River 1st M g assumCe.c'
Big Sandy Ry tlrst mtge $5,000,000 gold------Ce.c'
Potts Cr Br 1st M $1,000,000 auth(V.83,p.693)Ce.c<
Raleigh A Southw 1st M $1,500,000 g assumed._C<
Gen Id A imp M $30,000,000 red 107)4-Usm.xc* Ar<
Convert gold bonds $37,200,000 red text. II smxc* Ar ■
Guaranteed Bonds
Elevator Co first mortgage gold p A 1 guar____Ce.c'
Second mtge lor $500,000 Income non-cum____c'
Louis & Jell Bdg 1st M $5,000,000 gu p & 1 e n d -.c'
Western Pocahontas Corp 1st M (V 84 p 905).
do
do
do
Extension Nc
do
do
do
Extension Nc
Ch CAL miscellaneous equipment trusts
.
Chesapeake Western— C A W Hit 1st ,\l gold.
3hestcrfield & Lancaster— 1st M $750,000 g o ld .-K .c'
Chestnut Hill RR— Stock rental P & R R y ..................
Chicago & Alton RR— Common stock______________
Preferred stock 4% non-cumulatlve__________ . ___
4 % cumulative part and prior lien stock..................
Miles Date
Road Bonds
Par
Value
Amount
Outstanding
63 H 1905
$ 1,000 $2,450,000
85 1904
1.00C
4,719,000
20 1906
600,000
1,000
_
1906
750,000
1,000
__ 1909 1,000 6cc 11,000.000
1910 1,000 Ac 31,390,000
__
__
...
__
__
__
__
262
...
_
1888
1888
1895
1898
1905
1906
1906
1903
1910
1902
1903
27 1896
41 1901
36 1905
4
__
__ ____
__
889 1899
043 1900
1907
All 1910
Secured gold notes convert red te x t.........................
1910
C A A Eq Assn cts Ser A B AC g gu$160.000 s-a.-M e
1005
do
do
Ser D g gu due $113,000 s-a..Ale
1906
do
do
$82,000 Ser E due s-a________ Me
1008
_ 1909
do
do
Ser F $13,000due s-a________
.
do do Ser G gu red 101 due $72,000 an PePc*
1910
Miss Rlv Br 1st M g cash dep to red bds red par____
1877
Kansas City St Louis A C preferred stock guar_____
162
Joliet A Chicago 7% stock perpetual guar by C A A
37
Louisiana A Missouri guaranteed preferred stock ..
101
a Guar anteed Jolntl
Rate
%
4g
4g
4g
4g
5g
4)4 g
When
Payable
J
.1
J
J
J
F
Last Dividend
and Maturity
& D June 1 1945
A D June 1 1944
A J July 1 1946
A J July 1 1936
A J Jan 1 1929
A A Feb 1 1930
820,000
1,000
4 g A A O Oct 1 1938
4
1,000
450,500
Oct 1 Oct 1 1988
1,000 a4.500,000
4 g M A S Mch 11945
5
1,000
500,000
F A A Feb 1 1948
1,000
750,000
K 6c A Aug 1 1945
4K
1,000
114,000
4)4
F 6c A Aug 1 1945
1,000
51,000
4)4 A 6c O Oct 1 1946
1000 Ac
9,500,000
4 g .1 A 1 June 1 1943
1,000 8,200,000
5
J A J July 1 1960
1,000
100,000
5
J & J July 1911-1912
1,000
90,000
5 g J A D To June 1913
264,982 4 & 5
500 6cc
666,000
F A A Aug 11945
5g
1,000
1,419,000
4 g A 6c O Oct 1 1951
1,000
176,000
0 g F 6c A Aug 11955
50
100 19,542,800 See text F 6c A Feb 15 TO, 2%
100 19,544,000 4 In 1910 J A J •Tan 16 1911,2%
100
879,300 See text J A J Jan 16 ’ l l , 2
1,000 Ac 45,350.000
3 g A A O Oct 1 1049
1,000 &c 22,000,000
3)4 g J A J July 1 1950
5
1,666.000
J A D Junel 1922
1,000 As collat.
5
M A S Mch 1 1930
2,500,000
5
M A S Mch 15 1913
1,000
1,352.000 4 & 5 g Various l’o Nov 1915
1,000
1.243,000
4 g J A D June'H-June’ 16
1.000
1,312,000
4)4 g M A N Mch T l-N ov T8
1,000
F A A To F e b .1919
212,000
4)4
1,000
722,000
5 g A A O To Oct 1 1920
1,000
27,000
A A O Oct 1 1912
6g
100
6
Q— F Feb 1 1911
1,750,000
100
1,500,000
7
Q—J Jan 1 1911
7
F A A Feb 1 1911
100
329,000
y and se verally with Clevclan d Clncin natl Chicago A
Places Where Interest and
Dividends are Payable
J P Morgan A Co N
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
New York Trust
New York
do
do
do
do
do
do
do
Co N Y
New York Trust Co N Y
See text
Knickerbocker Tr Co N Y
60 Wall St New York
do
do
do
do
t Nat
l Bank.N Y
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
Phlla
CH ESAPEAKE & OHIO RY. (Concluded).
STOCK.— The cumulative 4% participating and prior lien stock Is enti
N. Y.; “ D,” "G ” and " H ” at Fidelity Trust Co.. Phlla.; •I.” •'J,”
tled, In addition to prior right to accumulative dividends at the rate of 4%
and “ M” at Blair A Co.: “ K ' at Guaranty Trust Co.
per annum, to receive additional dividends equal to the rate of dividends de
FINANCES.— In Mch. 1910 $31,390,000 4)4% convertible bonds were clared on the common stock of the consolidated company. In Aug. 1907.
sold to acquire control of Hocking Valley R y. and for other purposes. See the Toledo St. Louis & Western purchased from the Rock Island the conBonds above and V. 90, p. 771, 1574. In Aug. 1910 filed agreements to se tro ling Interest . viz.: $14,420,000 com. and $6,380,000 pref. stock. V. 84,
cure $4,800,000 C & O. Equip. Corp. 1-year 5% notes dated July 1 1910. p. 468, 529, 792. Union Pac. owns $10,343,100 pref. stock. V. 84, p. 1488.
V. 91, p. 396. In June 1910 dividend rate was Increased from 4% to 5% .
DIVIDENDS. —Semi-annual dividends of 2% on pref. and participating
EARNINGS.— For 5 months ending Nov. 30:
and prior lien stocks, paid July 1906 to Jan. 1911, lncl.. and In Aug.
5 Months—
Cross.
Net.
Charges (Net) . B al.,S urp. 1908 1% and In Feb and Aug. 1909 and Feb. 1910 2% each extra on par1910 .......................$14,274,146
$5,087,782
$3,225,953
$1,861,829
tlclpatlng stock. Dlv. on common, 1% , paid Aug. 15 1908; 1909, 4%
1911 _____________ 13,149,265
5,427,083
2,629,616 2,797.467
(F. A A .); 1910, Feb. 2% ; Aug., none. V. 91, p. 214 .
Includes C. A O. Ry. of Indiana, 284 miles. In 1910.
,
F1,Sno!Ien L0**}
3 ^ S ot 1900, tee application to list In
ANNUAL REPORT.— Fiscal year ends June 30. Annual meeting Is held full in V. 71, p.
1021, and plan, V. 82, p. 451 .
at Richmond on the Tuesday preceding the last Tuesday In October. Re
The
Railroad
(old)
mtge.
securing
3s of 1899 will provide funds for Im
port for 1909-10 was given at length in V. 91, p. 786, 802; editorial, p. 763. provements and extensions. Bondsthe
In excess ot $40,000,000 were to be
Year ending June 30—
1909-10.
1008-09.
1907-08.
Issuable
thereunder
on
vote
of
two-thirds
of stockholders for extensions of
Miles operated — .................................
1,937
1,8971,841
not over 500 miles main track, at not exceeding $20,000 per mile, to fund
Passenger earnings_________________ $5,002,205 ‘ $4,482,004 $5,120,529 leased
lino rental obligations and for future betterments not to exceed
Freight ________________
24,901,200 20,885,511 19,571,609 $o,000,000,at
not over $1,000,000 per annum, from Jan. 1 1900. In July
1,151,134 1910 $45,350,000
1,263,201
Express, mall and miscellaneous------ 1,333,764
were outstanding. See circular, V. 69. p. 178; also V. 69;
Total earnings.................................... $31,237,169 $26,630,717 $25,843,272 p. 26, 129, 541; V. 70, p. 429, 739. 995; V. 84, p. 480, 507, 626, 803. 809‘
Operating expenses................................ 18,938,609 16,366,837 17,186,747 V. 88, p. 99, 293. Joint equip, notes, $58,000, 1911 to Dec. 15 1912.
Stockholders ot Railroad (ulU) Co. voted on Sept. 7 1904 to authorize the
Net earnings...................
$12,300,470 $10,263,879 $8,656,525 Issue of refunding bonds In excess of the $40,000,000 then sold and pledged,
762,832 viz., $5 000,000 for betterments and $350,000 for purchase of Quincy Car
1,161,365
708,863
Other Income..................................
Total net Income................................$13,461,835 $10,972,743 $9,419,357 rollton & St. Louis Ry. V. 79, p. 21 1.967.
In Mch. 1910 $2,500,000 3-year 5% secured notes were sold, scoured by
Interest on bonds, rentals, A c----------- $6,297,605 $7,183,416 $6,868,510
791,060 deposit of $3,500,000 “ equipment and Improvement” 5% bonds. Into which
T axes_______________
873,744
801,600
634,327 the notes are convertible at par. Notes are subject to call at par after
Extraordinary expenses................ —
-----------212,449
Dividends ................................. ...(4)4 )2.6 68,6 17 (2)1,255,814 (1)627,907 March 15 1911. (V. 90, p. 697, 771, 1296, 1424.)
Imp. Bonds are Issuable.
Balance, surplus_________________ $3,621,869
$1,519,464
$497,553 Purposes Jor which the $ 18 , 000,000 New Equip.
OFFICERS.— Pres., George W . Stevens, Richmond. Va.: 1st V .-P .. To be Issued pledged as collateral for $2.500,000 note issue_____$3,500,000
Decatur Axtell; V.-Ps., C. E. Doyle, H. T. Wickham and F. M. Whitaker; To retire 60% of equipment trusts maturing In 1910-19 ............... 2,940,000
To retire 15-year 5% debenture bonds...................- ........... ......... 1,666.000
Sec.-Treas., James Steuart MacKle; Comp., L. F. Sullivan.
Directors— Frank Trumbull, Chairman; Edwin Hawley, Frank A. Van- Betterments. Ac., but not exceeding $3,000,000 to March 1913.. 9,894,000
derllp, T. P. Shonts, H. E. Huntington, F. W. Scott, Decatur Axtell,
LATEST EARNINGS.— /1910___ Gross, $6,527,253; net, $1,649,053
George W . Stevens and James H. Dooley. N. Y . office, 71 Broadway.— 5 mos., July 1 to Nov. 30.11909___ Gross. 6,110,378; net, 2,438,067
(V. 91. p. 870, 945, 1095, 1159, 1574, 1629, 1765; V. 92. p. 117.)
REPORT.— For year ending June 30 1910 was In V. 91, p. 1154.
CHESAPEAKE & OHIO RY. OF INDIANA.— Owns Cincinnati, O., to
1909-10.
1908-09.
Indlana-llllnois State Line, 261.66 miles; leases Hammond Belt R y., 3.04
m.; trackage rights, 19.97 m.; total operated, 284.67 miles. Incorp. in Gross earnings..........................................................$13,358,475 $12,500,682
7,408,598
Indiana July 2 1910 as successor to Chic. Cln. & Loulsv. R R ., sold In fore Operating expenses................................................ 8,640,207
closure June 23 1910. V. 91, p. 93, 37; V. 90, p. 1675, 1424, 1362. Stock
Net earnings........... ............. ................... ............$4,718,268
$5,092,084
auth., $3,000,000, and bonds, $40,000,000, dated July 1 1910 (present
$5,186,101
Issue $.8,200,000), all owned by Ches. A Ohio. Earnings Included in Ches. Net Income................................................................ $4,704,206
Hire of equipment and rental.................................
443,169
$367,537
& Ohio. V. 91, p. 802. Suit, V. 91, p. 870.— (V. 91, p. 870.)
380,153
Taxes.........................
447,434
CHESAPEAKE WESTERN R Y — Owns North River Gap, Va., to Interest on bonds, Ac.......... ................................
2,457,995
2,531,126
Bridgewater, 14 m.; leases for 99 years from May 1 1902 Chesapeake A Dividends on guaranteed stocks..................
241,024
241,024
Western R R ., Bridgewater to Elkton, 27 m .; total, 41 m . Projected to tide Discount on securities written off_______________
291,065
42,696
water on Chesapeake Bay, and westerly Into West Virginia coal fields, of Dividends on prior lien s to c k __________ _______ (6%) 52,758
<8%)70,344
which 14 m., from Bridgewater to North River Gap, Is completed. In 1908 Dividends on preferred stock ( 4 % ) .....................
781,760
781,760
all the stock and bonds were acquired by W . E. D. Stokes. V. 86, p. 1041. Dividends on common stock __________________ (2%)390,856 (4%)781,712
Stock authorized, $50,000,000; outstanding, $1,419,600; of which $608,
400 Is preferred. Ches. & West. R R . has $533,500 common and $31,300
$153,386
$258,620
Balance, deficit.................................... ...............
pref. stock outstanding. C. W . Ry. mtge. of 1901, V. 73. p. 899. 1356.
OFFICERS.— Chairman of Board, Thomas H. Hubbard; Pres., Theo. P.
Year ending June 30 1909 (41 miles), gross, $80,011; net, $13,982; other In
come, $34,125; lnt. on bonds, $56,760 (not paid); taxes and rentals, $38,189; Shonts: V.-P., Edwin Hawley, Geo. H. Ross and W . L. Ross; Chairman
bal., def., $46,842. Pres., W. E. D. Stokes, The Ansonla, N. Y.; Treas., Executive Committee, Thos. H. Hubbard: Treas., F. H Davis.; See. and
Asst. Treas., J. Steuart MacKle; Gen. Mgr., Frank W . Morse.
W. H. Hall.— (V. 78, p. 2383; V. 86, p. 980, 1041, 1284.)
Directors—F. P. Frazier, J. j . Mitchell, Edwin Hawley, Thomas H.
CHESTERFIELD & LANCASTER RR.— Owns Cheraw, S. C.. to Pageland, 38 miles, an extension of 18 m. from Ruby towards Lancaster being Hubbard, Theo. P. Shonts, Geo. H. Ross, Joy Morton, F. H. Davis. Edward
completed July 1907. Bonds (limited to $750,000) are Issuable at $5,000 Tilden, Wm. G. Beale and H. E. Huntington.— (V. 91. p. 1154, 1253.)
per mile. V. 81, p. 1790. There were June 30 1908 $67,000 debenture 6s
CHICAOO BURLINGTON & QUINCY RR.— (See M ap.)— ROAD— Op
outstanding. Stock, $500,000, a majority being acquired In June 1909 by
a great system of roads extending from Chicago westerly, reaching St.
the Seaboard Air Line Ry.; par, $25. For year ending June 30 1910, gross, eratesand
Minneapolis. Minn.; St. Louis and Kansas City, Mo.; Omaha, Neb.;
$70,984; net, $33,866. In 1908-09, gross, $54,247; net, $19,949; charges (?). Paul
Denver,
Col.; Cheyenne, W yo.; Black Hills, S. D., and Billings, Mont. The
Pres., L. G. Haas; Treas., R. L. Nutt.— (V. 89, p. 40.)
accompanying map shows clearly the system, viz. (In miles):
CHESTNUT HILL RR.— Owns from Germantown to Chestnut Hill, Pa., Lines east of Missouri River___ 4,3501Lines leased__________________ 210
4 m .; being double-tracked May 1902. Re-leased In 1896 to Phlla. A Read.
Lines west of Missouri River___ 4,4021Narrow-gauge lines.....................
73
R y ., the rental being reduced from 12% to 6% on stock, the latter being
Increased In June 1902 from $120,650 to $195,650.— (V. 75, p. 76.)
Total operated June 30 1910............ ......................................................0,040
CHICAGO & ALTON RR.— (See Map Toledo St. Louis <& Western.) —
In Deo. 1908 $23,657,500 of the $31,000,000 Colorado A Southern com.
ROAD.— Chicago to St. Louis, Kansas City, Ac., In all 998 miles.
mon stock (practically a controlling Interest) was acquired, affording con
Road owned—
Miles.
Road owned—
Miles
nections with the Gulf of Mexico, the 0. A S. system Including trackage
Chicago to East St. Louis, 111------ 280 Mexico, Mo., to Cedar City, M o.. 50 aggregating 2,769 miles. V. 87, p. 1663; V. $8. p. 157, 685. Extension
Sherman, 111.,to Grove, 111............. 51 Roodhouse, 111., to Kan. O., M o..251 from Kirby to Thermopolls, W yo., 11 miles, was opened May 1910, and
Eldred to Barnett............................. 49 Bloomington to Wann, via Jack
a further extension of 94 miles to the Powder River Is under construction.
sonville, Godfrey and Upper
Coal City Line, Ind......................... 27
In addition to 30 miles Scribner to Fromberg, Mont., and 25 miles Hudson
Alton (all in Illinois).................158
Dwight, 111., to Washington and
to Greeley, Col Lincoln to Cobb. Neb., 7 m., added J’no 1910; Herrin to
Lacon, 111......
81 Trackage to Peoria, 111., Ac........... 17 Metropolis, 54 m. (38 constructed, 16 leased), put In operation Oct. 1010.
lies to Murrayvllle. Ill..................... 34
Total owned and operated July 1 1910 (210 m. double tracked)______ 998
ORGAfUZATION, Ac.— This was a consolidation In July 1875 of the
Also operates Jointly with Cleve. Cln. Chi. A St. L. from Wann to East Chicago Burl. A Quincy In Illinois and the Burlington A Missouri River in
St. Louis, 18 m., and with Atch. T. A S. Fe from Joliet to Pequot, 20 m.
T,NHmJSr0US subsidiary and other lines have slnco been merged la
The stock of the Peoria Ry. Terminal Co. Is owned by the Chicago A Alton the C. B. & Q., among them Chicago Burlington A Northern, Kansas City.
and Chlo. R. I. A Pac. R y., which guarantee the first mtge. bonds ($1,500,
5? Council Blufls, Hannibal A St. Joseph. Burl. A Missouri. Ac.
000 auth. Issue) and $280,000 2d mtge. bonds. V. 81, p. 1099; V. 83, Sioux City 6s Western R y., 229 m.. was merged Dec. 1908. V. 87, p. 347.
p. 752. 1171. 1291; V. 84. p. 451; V. 85, p. 159.)
. i11! IS01 5107,613.500 of the $110,839,100 stock was exchanged for the
In Oct. 1910 acquired the Toluca Marquette & Northern R R ., Rutland Joint 20_year 4% bonds of the Gt. Northern and Northern Pacific, secur d
to McNabb, 111., 20.8 miles; McNabb toward Granville, 111., 4.28 m.; by the deposit of the stock In trust, on the basis of $200 In bonds for $100
stock. See circular, V. 72. p. 871, and application to list, V. 73. p. 29$.
Broadus to Henry, 111., 5 m., &o., total, 31 miles. V. 91, p. 1024.
ORGANIZATION.— The (old) railway company was organized In April and description of bonds under Great Northern.
1900 and purchased substantially all the stock of the Chic. & Alton Railroad.
CAPITAL STOCK.— The stock has been Increased for the acquisition of
The two were consolidated In 1906 per plan V. 82, p. 451, the Railway new lines, retirement of over $15,000,000 convertible debentures. A c.; In
changing Its name to the C. A A. Railroad. V. 82, p. 160; V. 70, p. 686, 995. 1880 a 20% distribution was made. See “ Organization" above.
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iW oodla ffn ------iMETROPlSLIS.
%CITY
RAILROAD COM PANIES
lFor abbreviations, &c.. see notes on first page]
Chicago Burlington & Quincy— Stock--------- - — - - -
Gen mtge jaoo.ooo.oou lawful money----- Ce.c’ Ar*
Illinois Dlv first mortgage\$85,000,000 currency rc(V. 83, p. 625 ; V. 6 9 ,p . 283) (deemable at 105- -NB
Sinking fund Iowa Dlv 5s (col trust) drawn at 105..
Slnklng fund mortgage 4s drawn at 100------------ c&r
Sinking fund 4s (So W Div) drawn at 100------- c* Ar
Denver exten (coll tr) bonds s f drawn at 100-NB.c*
xDebentures for Hannibal & St Joseph stock -------c*
xNebraska ext *20,000 p m (s f not drawn) NB.c’ &r
xB A Mo RR In NeblLand gr s f drawn atlOO.NBl
xCon M *14,000,0001
do
drawn since 1008.'
yHannlbal A St Joseph cons M now 1st M------F.c
K C St Jos A Co B—
,,
,
1st Ms Nod A Tark Val RRs s f (drawn at par). c*
xRep Val 1st M guar (red at par) s f *14,000 y r ly .-.c
Chicago & E 111— Pref stock 6% non-cum (*10,000 pm)
Danville A Grape Creek R R — 1st M assumed----- c*
First mortgage extension---------------------------------- c*
Consolidated mortgage (for *5,048,000) gold.-Ce.c*
Collateral trust bonds sinking fund........................ c*
Chic A Ind Coal— 1st M *25,000 p m assum-.rtlp.c*
Evansville Terre Haute A Chicago Income mortgage
Refund & Imp M (text) gold red at 102 /4Ba.xc* Ar*
Oar trusts Including Int Jan ’ l l , due *10,021 m’ thly
Equipment bonds Series C & D due $68,000 sem-an
do Series E due *125,000 s-a (V 81 p 1043).Ba
do Series F due *220,000 s-a (V 82 p 750) -Ba
do Series G due *124.000 s-a (V86 p 1284) .Ba
Chicago & Erie—1st M g lnt guar till prln pald-.-Ce.o*
Income bonds for $10,000,000 5% non-cum______N
Terminal first mortgage gold................................ .....
Chicago & Grand Trunk—See Grand Trunk West Ry
Chicago Great Western—
Common stock, *46,000,000--------------------------------
Miles Date
Road Bonds
8,495
\1,648
/
\ 891
1
1908
J1899
11899
11879
11879
1881
370 1881
1883
1,471 1887
11878
11878
289 1881
59 1880
1879
90
_
1880
1881
1884
1887
1887
1885
1881
817 1905
1003
1905
__ 1905
1906
1907
249 1890
249 1890
.... 1888
9
14
191
__
817
176
Amount
Outstanding
Par
Value
$100
1,000 &c
1,000 Ac
1,000 Ac
1,000
1,000
1,000
100 Ac
1,000
1,000 Ac
600 Ac
600 Ac
1,000
Rate
%
*110839100 8 In 1910
4
55,193,000
49,650,000
3/4
4
n34.165.000
b2,275,000
5
4
c5.921,000
4
d3,610,200
4
e7,310,200
8.51U.000
5
f 23,131,000
4
gl3,345.200 ( 6
l 6
6
3,950,000
1,000
7
183,000
600 Ac
6
k932,800
100 8,830,700 6 In 1910
1,000
97,000
6
1,000
6
91,000
1,000 2,736,000
6g
1,000
27,000
6g
1,000 &c 19,855,000
5
1,000 4,626,000
5
1,000
$150,000
6
1,000 &c *15,132,000
4g
283,958
1,000
544,000
4/4
1,000
1,125,000
4/4 g
1,000
2,200,000
4/4 g
1,00<
1,736,000
5g
1,000 12,000,000
5g
1,000 Ac 10,000,000 Mostly o
300,000
5g
When
Payable
Last Dividend Places Where Interest and
and Maturity
Dividends are Payable
Q—J Jan
M & S Mch
J A J July
J A .1 July
A A O Oct
A A o Oct
M A s Sept
F A A Feb
M A N May
M A N May
J A J July
J A J July
M A S Mch
11911 2 N Y Boston and Chicago
1 1958
Bank of Commerce, N Y
1 1949
Bank of Com N Y; & Boo
1 1949
do
do
1 1910
do
do
1 1919
do
do
1 1921
do
do
11922
do
do
1 1913
do
do
1 1927
do
do
1 1018
Bank of Commerce Bost
1 1018
do
do
11911
Bank of Nor America N Y
Second Nat Bank Boston
A D June 1 1920
Bank of Commerce Bost
A J July 1 1919
Hanover Nat Bank N Y
Q—J Jan 31911
Central Trust Co N Y
M A N May 11920
Fourth Nat Bank N Y
J A 1) Deo 11931
A O Oct 1 1934
Central Trust Co N Y
A
F A A Feb 1 1012
do
do
do
do
\l A N Nov 11937
Metropolitan Tr Co N Y
J A J Jan 1 1936
Farmers’ L & Tr Co N Y
M A N May 1 1920
Bankers’ Trust Co N Y
J A J July 1 1055
To April 5 1013 First Nat Bk, Chicago
Blair A Co, New York
J A J To Jan 1 1915
do
do
F A A Aug ’ 11-Aug ’ 15
do
do
F <3g A Aug ’ ll-F eb ’ 16
A A () Apr’ l l Oct '17 Bankers’ Trust Co N Y
M A N May 1 1982
Erie Railroad New York
Erie Railroad
wned by Oct 1 1082
Erie Railroad New York
J A J July 1918
J
J
100 45,246,713
b *725.000and c * 6 ,581,000,canceled,not Included, d *2,4 31,000; e *4.461 .200; f *6.3 07,000
i *64,000: k *645,800. xSee option of exchange for genera 1 M 4s.
5 Of which in treas. Dec. 1910: *2,000; *$1,277,000.
1 n sinking fund (canceled)
g *9,251.600:
V. 88, p. 1060, 11 27. 1559 ; v . 89, p. 40. yV . 91, p. 1024; V. 92, p. 59.
DIVS. \ ’ 98. ’ 99 to Sept. ’01. ’02 to July ’07. Oct. ’07. ’ 08 to Jan. 1911.
P ercen t/ 5/4
6 yearly.
7 yearly.
8
8 y’ ly (Q.-J.).
BONDS.— In April 1909 the holders of bonds of various Issues (marked
" x ” above) were offered the option of exchange for general mortgage 4%
bonds on certain terms. V. 88, p. 1060, 1127, 1559; V. 89, p. 40, 720,
1141. The general mortgage bonds ($300,000,000 authorized Issue, Interest
not to exceed 5%) are a first Hen on about 3,070 miles of road and on retire
ment of the outstanding underlying bonds, for which bonds are reserved as
below noted, will be a first lien on the entire mileage owned, aggregating
8,495 miles. The bonds have been Issued or are Issuable as follows (see
V. 86, p. 1342, 1466: V. 88, p. 504, 685.)
Reserved to retire outstanding bonds of previous Issues aggre
gating *167,565,000 (of which *17,428,300 were held in
various sinking funds)____________________________________*175,000,000
Issuable to meet expenses of retiring said prior bonds----------2,000,000
Issuable for reimbursing the treasury for outlays already made
by It for betterments and additions ($22,000,000 sold)------ 45,000,000
Issuable for additions, Improvements and betterments of and
to the mortgaged property (of which *13,724,000 sold)—
78,000,000
In Jan. 1909 *20,000,000 general 4s were sold, of which *13,724,000 were
used to purchase *23,657,500 Col. A South, com. stock, *6,000,000 for
acquisitions and lmprov’ts and $276,000 to retire old bonds. V. 88, p. 685.
The Iowa Division bonds are a first mtge. on the main line In Iowa from
Burlington to East Plattsmouth on the Mo. River, 272 miles, and on 621
miles of branches and 86 m. of second track. These bonds have a s. f. of
1 /4 % ($203,800) yearly, for which the 4s are subject to call at 100 and the
5s at 105. The single main line and branches covered “ shall not exceed In
the aggregate 900 miles’ ’ at *16,000 per mile; on second track additional
$14,000 per mile. V. 65, p. 462.
The Nebraska extension bonds of 1887 are Issued at $20,000 per mile foi
single and *10,000 per mile for second track on not exceeding 1,500 miles
On merger of roads In Nov. 1007 the mtge became a direct first lien. Ab
stract of deed, V. 45, p. 441; V. 85, p. 721.
Burlington & Missouri RR. in Nebraska consol, mtge. of 1878 Is now a
first mtge. or first coll, lien; they are subject to call for the sinking fund at
par; the “ exempt” bonds since 1908; $237,800 retired In 1909.
EARNINGS.— 5 mos., J1910___ Gross, $40,810,246; net, *14,529,958
12,128,625
July 1 to Nov. 30.
\1909___ Gross, 38,849,136; net,
ANNUAL REPORT.— Fiscal year ends June 30. Report for 1909-10
91,
p. 1242,
(not lncl. the Quincy Omaha A Kansas City RR.) was In V.
1259 (see also editorial, page 1216), showing results:
Inc. or Dec.
1 9 0 9 -1 0 .
1 9 0 8 -0 U .
_- - 9,023
9,023
Average miles
Freight
...................
.........*58,224,537 *52,240,921 +"$5,983", 616
Passens-er
' " " ' H I - .............- 22,380,305
19,585,305 + 2,795,000
+ 478,272
Mall and miscellaneous____________ 7,264,675
6,786,403
off entire Issue In 40 years from July 1 1902 at same rates, meanwhile obli
gating Itself to pay 10 % dividends on the com. and 6 % on the pref. trust
certificates, respectively, these amounts being equivalent to 4 % on the
principal sum to be eventually received In payment therefor. Upon fail
ure to pay any dividend within 30 days after demand therefor, any holder
may surrender the certificates to the trustee and receive the shares repre
sented thereby. V 75. p. 289 393, 1031; V. 82. p. 48. A majority of
common stock trust certificates were In 1905 exchanged for certificates In
denominations of *1,000 each, representing 4 shares of common stock, bearIng4 % Interest, and payable In 1942 at face value
Sec form V. 80, p 1856.
DIVS. (% ) — 1 ’00. ’ 01. ’02. ’ 03. ’04. ’05. ’ 06. ’ 07. ’08. ’09. '10. 1911.
On preferred.) 6 6 6 6 6 6 6 6 6 6
6 Jan, 1 y,
On com m on ../ 4 / 4 5 / 4 6
6
8
5
8 10 10
7
8 _____
BONDS.— The general consol, and 1st mtge. of 1887 (trustee, Central
Trust Co.) provides for the retirement of *6,307,000 prior bonds and for
Issue of bonds on new road at *18.000 per mUe for single track; also for bonds
for equipment at *7,000 per mile and for double track at *8,000 per mile.
In 1897 the gen. consols were limited to *30,000,000. See V. 64, p. 1088;
V. 78, p. 1446: V. 79, p. 1331; V. 80, p. 1728; V. 84. p. 1550; V. 85. p.
1645. Series C equip, bonds mature *53,000 s-a., J-J; Scries D, $15,000
J-J; Series E, *125,000 Feb. A Aug.; Series F, *220,000 F-A.
Of the refunding and Improvement void 4s of 1905 ($55,000,000 auth.
Issue), $5,244,000 are reserved for additions and Improvements, Including
equipment, and *34,626,000 to retire, * for *, *30.000,000 gen. consol,
and 1st 5s of 1937, Issued and Issuable, and $4,626,000 Chic. A Iml. Coal 5s.
V. 80, p. 1424; V. 81. p. 1436; V. 88, p. 451; V. 90, p. 558; V. 92, p. 117.
EARNINGS.— 5 mos., 11910.......... Gross, $5,407,659; net, $1,715,833
July 1 to Nov. 30.
11909---------Gross, 4,972,105; net, 1,806,428
For 5 mos. ending Nov. 30 1910, net. *1,715,833, agst. *1,806,428 In
1909; taxes, *157,900; other income, §387,989; Int. and rentals, *1,286,866;
dlvs. on pref. (5 mos.), $220,767; bal. sur., *456,289.
REPORT.— For 1909-10 was In V. 91, p. 1243.
Years ending June 30—
1909-10.
1908-09.
1907-08.
Operating revenue-------------$11,750,356 $10,269,619 $10,742,731
Operating Income (after taxes)........... 3,434,218
3,060,971
3,029,352
Net (Including other Income)_______ 4,176,870
3,616,574
4,018,851
Interest and rentals........................
3,001,080
2,951,403
2,882,624
Div. on pref. stock (6 % ).............
529,842
529,842
529,842
Dlv. on common stock......................... (8)577,424 (2)144,356 (10)721,780
• Balance for year...............................sur .*68,524 sur .*20,973 def$115,394
OFFICERS.— Chairman Ex. Com. and Board, B. F. Yoakum, N. Y .;
Pres., B. L. WInchell, Chicago; V.-P., C W. Hillard, N. Y.; Sec., J. S.
Ford, Chicago; Treas., J. P. Reeves, Chicago. N. Y. office. 71 B’wav.—
(V. 88, p. 1127; V. 89, p. 1218; V. 90. p. 559; V. 91, p. 1243; V. 92, p. 117.)
CHICAGO & ERIE RR.— (See Map Erie RR.)— Owns from Marlon, O.,
to
Hammond, Ind., 249 miles, and leases trackage over Chicago A West Ind.
Gross earnings___________________ *87,869,517 *78,612,629 +*9,256,888 to Chicago,
20 miles. Erie RR. Co. owns entire *100,000 stock
Operating Income after taxes_______ $21,723,533 *21,376,207 +*367,326
BONDS— The first mortgage (trustees Central Trust Co and Edward
Other Income______________________ 2,523,694
943,847 +1,579,847
Daniels) covers 249 miles of road, the contract with the Chicago A Western
Total Income....................................*24,247.227 *22,320,054 +$1,927,173 Indiana, $1,000,000 of that company's stock and $240,000 stock of Chicago
Interest and sinking fund----------------*10,938,481 $9,948,973 +*989,508 Belt Ry. See abstracts, V 51 , p. 911; V, 61. p 750.
Betterm ents______________________ 3,329,006
2,237,081 +1,091,921
EARNINGS.— 5 mos., J1910.......... Gross, *2,227,059; net, $394,534
Dividends on stock (8 % )___________ 8,867,128
8,867,128
-------- July 1 to Nov. 30.
( 1909______Gross,
2,113,849; net,
425,062
For year ending June 30 1910, gross, *5,152,167; net, $1,067,784; other
Balance, surplus_________________ *1,112,612 $1,266,872 — $154,260 Inc., 592,778; lnt., taxes, Ac., S I,196,394; imp., *19,598; bal.,def., $55,430.
DIRECTORS.— Darius Miller (Pres.), Geo. B. Harris, Chicago, 111.; J. J.
CHICAGO GREAT WESTERN RAILROAD.— (See M ap.)— Forms the
Hill, Howard Elliott, St. Paul, Minn.; James N. II111, Geo. C. Clark, "Corn Belt” route, radiating from Oelweln, la., northerly to St. Paul,
W . P. Clough, Edw. T. Nichols, Norman B. Ream, Geo. F. Baker and easterly to Chicago and southerly and westerly to Kansas City and Omaha;
Samuel Thorne, N. Y .— (V. 91, p. 1259, 1710, V. 92, p. 59.)
Operated under agreement.
Miles.
Lines owned (total. 735 miles). Miles.
CHIC. CINCINNATI & LOUISV. R R .— See Chcs. A Ohio R y. of Ind.
Chicago to St. Paul_____________ 400 Mason City A Fort Dodge.
386 miles, viz.;
Oelweln to St. Joseph__________ 290
CHICAGO & EASTERN ILLINOIS RR.— (See Map St. L. & San F t.)—
Oelweln. Ia., to Coun’ l Bl’ fs. 259
Operates road (double track to Danville Jet., 106 m.) from Chicago, 111. to Bee Creek to Beverly.................. - 23
Hayfleld. Minn .to Clarion,Ia. 100
22
Terre Haute. Ind., and bituminous coal fields; also to Thebes and Joppa, 111. Sumner to Waverly__ ____
Branches to Lehigh and Coal,
and Cedar Falls,
Lines owned in fee.
Miles. Branches to Coal Mines............... 15 Mantorvllle
branches-----------------14
vllle, Iowa_______________
19
Dolton to Danville, 111---------------- 107 Rossvllle Jet. to Judyvllle, In d -. 14
Trackage (total, 75 miles)—
Trackage—
Hunt’s Extension........................... 7
Danville, 111., to Brazil, Ind------- 61
Paul to Minneapolis__________ n Council Bluffs, Ia., to So. Oma
Momencc Jet., 111., to Brazil, Ind.130 Other__________________________ 2 St.
Chicago Terminals...................
10
ha, Neb____________________
8
Other Trackage, tfee.—
Danville Jet., III.. to Thebes, 111. 277
Jet., III., to Dubuque, la . 14 WIs.Mlun.APac.RR.,271 miles,
Joppa Jet. to Joppa, 111-------------- 16 Pana, 111., to E. St. Louis............... 85 Galena
Moines Terminals__________ 3
Mankato to Red Wing, Minn.
96
Clssna Jet. to Clssna Park, 111------11 Chicago to Dolton, Ch. & W. Ind. 17 Des
Beverly to Kansas City................... 28
Red Wing to Osage, Ia______ 118
Rossvllle Jet. to Sldell Jet., 111__ 34 Otter Creek Jet. to Terre H aute.- 6 St.
Joseph, Mo., to Bee Creek__
9
Winona to Simpson, Minn__
54
Percy Jet. to La Crosse, Ind_____46 Other lines_____________________ 38
Branch to Clay Banks, Minn.
3
Milford Jet., 111., to Freeland, Ind. 11
De Kalb A Great W estern..____ 0
Total operated July 1910--------- 965
Coal Bluff, Ind., to Casey. Ind—
7
• Grand total embraced In earnings June 30 1910___________________ 1,487
Woodland. Ill to Villa Grove— 62 Double track___________________ 177
The entire capital stocks of the Mason City & Fort Dodge R R . Co. and
Findley, 111., to Pana------------------20
HISTORY, LEASES, Ac — In August 1902 the St. L. A San Fran, ac the Wisconsin Minnesota A Paclfio RR. Co. are owned and their roads oper
ated under agreement. See those companies. In July 1910 acquired the
quired the greater part of the stock, as said below.
„
,
The Chicago A East. 111. owns *1,000,000 stock of Chic. & Western Ind. entire stock of Leavenworth (Kan.) Terminal Ry. A Bridge Co. V. 91,
Special lease of Chicago freight terminals, V. 78. p. 819. In 1904-05 ac p 214, 397.
ORGANIZATION.— Incorporated in Illinois Aug. 20 1909 as successor,
quired control of the Evansville & Terre Haute, which forms part of the
through line between Chicago and Evansville. V. 55, p. 995; V. 81, p. 1239. per plan V. 88, p. 1497, of railway of same name acquired at Judicial sale
P. Morgan A Co., reorganization managers. V. 89. p. 528, 592.
STOCK — Common stock outstanding. *7,217,800 ($15,000 p m .); pref. byAJ.syndicate
provided the cash requirements of the plan—*24.892,274
$8,830,700. In addition, *6,408,300 com. and $161,300 pref. were held In (Including $9,892,274
for Improvements and equipment)—receiving therefor
trust by Trust Co. of America In July 1910 as a part of “ trust assets” under *18,500,000 new first mortgage
4% bonds, *10,136,604 pref.and *31,641,333
agreement dated July 1 1905, for Improvements, acquisitions or refunding, common stock voting trust certs.,
the stock trust certs, being offered to
to be terminated on satisfaction of the St. L. & S. F. stock trust agreements holders of old pref. B and common stock
on payment of assessments of *15
below refsrred to
V. 85, p. 1001.
per
share,
and
affording
the
shareholders
their only opportunity to partici
In Aug. 1902 the St. Louis A San Francisco RR. gave In exchange for the
com. and pref. stock Its stock trust certificates at the rate of $100 thereof pate In the reorganization.
STOCK.— The pref. stock ($50,000,000 auth. Issue) will be entitled to
for each *100 share. V. 75, p. 289. In Jan. 1905 all of the *7,217.800
com. and *6,211,700 of the *8,992,000 pref. had been exchanged on this non-cum. dlvs. at 4% per ann. to June 30 1914 and to cum. dlvs. thereafter
basis. The .St. Louis & San Fran, has the option to retire the trust certifi at that rate ahead of tne com. stock, and also to a perference as to principal
cates at any time at *250 per *100 coni, stock trust certificate and *150 per and accrued dlvs. In case of dissolution or liquidation. If and when per
*100 nref. stock trust certificate, payable In gold, and obligates Itself to pay mitted by law, the new company will have the right to redeem the pref.stock
RAILROAD COMPANIES
[For abbreviations, A c., see notes on first page]
Miles Date
Road Bonds
Chicago Great Western (Concluded)—
Pref (also as to ass.) 4% , cum red $50,000,000 auth
First mortgage, gold, $75,000,000-........... S.xc* Ar*
749
Minneapolis Terminal mortgage gold assumed___ _
Chicago & Great Western— See Balt A O Chicago Ter RR
Chicago Hammond it Western—See Indiana Harbor Belt R
Chicago & III Mid— 1st M $5,000,000 g red text.IC.c*
26
Chicago & 111 W— Gen (new 1st) M gguredpar.AC.xc*
Chicago & Indiana Coal— See Chicago A Eastern 111
Chic Ind & So— Ind 111 & la 1st M $12,000,000 g.lC.c*
203
Consol mtge $20,000,000 gold gu p & L .G .x c ’ Ai
32:
Chicago Indianapolis & Louisville—Common stock__
Preferred 4% non-cumulative $5.000.000.. .
L N A A C 1st Main Line— 1st M Chic A Ind Dlv gc*
162
C I & L refunding mortgage $10,300,000 goia___ Ce
509
f>09
do
do
gold 6s Issued for old consols___
do
do
Ser C ___ _____ ________________
509
Con Stone Co 1st M gold guar p A 1 callable..........
Indiana Stone RR first mortgage guaranteed...........
Indlanap A Loulsv 1st M $6,000,000 gold g u ...S ,c*
60
Chicago Indianapolis & St Louis Short Line— See Cle veand
Chicago Junction RR— 1st M $2,327,000 a m l 105 .c*
Chicago Kalamazoo & Saginaw— 1st M $2,000,000 g G
55
Chicago Lake Shore & East— 1st Mg. gu. red text, .xc*
Chic Memphis & Gulf— 1st M g red 105 aft Jan ’ l2_Ba
31
a Of which $125,000 In treasury June 30 1010
Par
Value
Amount
Outstanding
1909 $, £ A fr. 20,500,000
500,000
1900
1,000
R
1906
1907
1.000
1,000
780,000
815,000
Rate
%
When
Payable
M A
4g
3)4 e J A
5g
« K
F
J
4,850,000
4g J
1.000
4g J
1.000 Ac 15,150,000
100 10,500,000 3 a ln’ 10 J
5,000,000 1 In 1910 .1
100
F
2,300,000
6g
1881
1,000
5,000,000
5g J
1897
1,000
4.700.000
1897
« g .1
1.000
4g J
1897
1,000 3,000,000
M
13,000
6g
1900
1,000
M
5g
1.000 In treasury
4g J
1906
1,000 al 650,000
CIncIn natl Chi cago & St L ouls
M
2.327.000
4g
1905
1.000
1,280,000
1909 1,000 Ac
4g J
9,000,000
4^ g J
1909
1.000
350,000
5g J
1910
1,000
1900
1906
A
A
Last Dividend Places Where Interest and
and Maturity
Dividends are Payable
S Sept 1 1959
J Jan 1 1950
J. P. Morgan A Co
Bank of Montreal, N Y
A Feb 1 1956
J July 1 1947
Chase Nat Bk N Y; or Ch
Amer Trust A Sav Bk Ch
Lincoln Nat Bank. N Y
A .1 July 1 1950
Treas Grand Cent Stat’ n
A J Jan 1 1956
& D Dec 30 ’ 10 1% J P Morgan A Co N Y
do
do
A D Dec 30 ’ 10 2%
do
do
A A Aug 1 1911
do
do
A J July 1 1947
do
do
A J July 1 1947
do
do
A J July 1 1947
Amer Tr A Sav Bk Chi
A N May 1 1920
New York
& S Sept 1 1948
Standard Trust Co N Y
A J Jan 1 1956
A s Mch 1 1»45
A J July 1 1959
A D June 1 1969
A J Jan 1 1940
N W Harris A Co Chicago
New York
71 Broadway, N Y
Bankers’ Trust Co, N Y
Owns entire stock of Indianapolis & Louisville R R ., projected from at or
at par and accrued dlvs. No additional mtge. shall be created nor shall the
pref. stock be Increased without the consent of a majority of the pref. stock near Indianapolis to Evansville. Ac.. of which 55 miles, from Wallace Jet.,
outstanding or voting certificates therefor.
Ind., to Shirley Hill, was opened Oct. 1 1907 and the branch from Vicks
Voting Trust.— All stock (except shares to qualify directors) shall for burg to Cass, 5 miles, Deo. 1 1907. Under supplemental lease dated May
five years be vested In J. Plerpont Morgan. George F. Baker and Robert 10 1907 bonds are guar., prln. and Int. See "Bonds” below. V. 82, p.
Fleming, as voting trustees, with power to 1111 vacancies and all other powers 509; V . 83, p . 888, 1290; V . 85, p . 920; V . 87. p . 809; V. 88, p . 90,
to be stated In the voting trust agreement. Upon the written request of
HISTORY.— Successor July 1 1897 of Louisville New Albany A Chicago,
holders of a majority of the outstanding pref. stock voting-trust certs,
and of common stock voting-trust certs, to an amount sufficient, with such foreclosed per plan In V. 63, p. 922. .Suit settled, V. 75, p. 1031.
In Aug. 1902 the Louisville A Nashville and Southern Ry. acquired 93%
majority of such pref. stock, to constitute a majority of all the stock then
of $10,500,000 com. and 77% of $5,000,000 pref. stock, on the basis of $78
held by such voting trustees, the voting trust shall be terminated.
The total fixed charges of the new company for rentals and Interest, In and $90 per $100 share respectively In their Joint 50-year 4% collateral trust
cluding Interest on bonds of subsidiary cos., after all the $28 ,000,000 new gold bonds at par, secured by the stock acquired. See description of bonds
under Louisville A Nashville. V. 74, p. 1088, 1138; V. 75, p. 28.
bonds are outstanding, will approximate $2,480,000.
BONDS.— Of new first 4s, $18,500,000 were sold to the syndicate and the
DIVIDENDS.— On pref., 1899, 1%; Oct. 1900 to Dec. 1010, both Inclu
remaining $9,500,000 of the $28,000,000 present issue, of which $2,000,000 sive, 4% per annum. On com.. 1902, 1%: 1903, 3«T%: 1904. June. 1 )4% :
have been sold, were reserved for additions and betterments as required, Dec., l'/i%; 1905 to 1908, 3% yearly; 1909 and 1910, 3)4% (J. & D .).
•
say within the next two or three years. Of the bonds, $18,232,000 are re
BONDS.—Refunding mortgage covers road, equipment, Ac. (Including
served to retire the 1st mtge. bonds of the Mason City A Ft. Dodge and
Wise. Minn. A Pac. ($12,000,000 and $6,232,000, respectively), and the $1,000,000 stock of Ch. & W. Ind. and $240,000 stock of the Belt Ry of
remainder for new property, betterments and equipment. V. 89, p. 1482; Chicago); total authorized Issue Is $15,000,000, of which unissued balance Is
reserved to take up $2,300,000 divisional bonds due Aug. 1911. V. 90.
V. 90. p. 53; V. 91. p. 1160.
p. 1613; V. 91, p. 518, 1295.
EARNINGS.— 5 mos., / 1910 ......... Gross, $5,538,563; net, $1,566,547
Indianapolis & Louisville guaranteed bonds, of which $1,500,000 sold In
July 1 to Nov. 30.
(1909______Gross, 5,038,717; net, 1,551,695
Feb. 1906 for 60 miles of road; balance issuable at $30,000 per mile. See
Surplus after charges, $577,569 in 5 months of 1910, against $357,105 above. V. 82, p. 508; V. 83, p. 1290
In 1909.
EARNINGS.— 5 mos.,J 1910________Gross, $2,747,771; net, $941,740
REPORT.— Report for 10 months endlng'June 30 1910]In V. 91, p. 1243,
July 1 to Nov. 30. \1909________ Gross, 2,603,691; net, 1,018.896
showed: Gross earnings, $10,171,783: net, after taxes. $2,123,010; other
Income, $188,433: int. on bonds, $1,220,721; rentals and other fixed chgcs.,
ANNUAL REPORT.— In V. 91, p. 866, showed;
$63 1,947; balance, surplus, $455,775.
Year end. June 30—
1909-10.
1908-09.
1907-08.
1906-07.
OFFICERS.— Pres., S. M. Felton; V .-P ., Joseph W . Blabon; See. and Gross earnings__________ $6,020,242
$5,319,386 $5,167,160 $5,988,867
Treas J F. Coykendall; Auditor, J. W. Newlcan. President’s office, Net earnings__________
1,803,453
1,404,792
1,163,702 1,825,416
Peop'e’s Gas Bldg., Adams St. and Mich. Boul., Chicago, 111.
Dividends, Ac., received
237,955
252,301
272.423
261,166
DIRECTORS.— Samuel M. Felton, John R. Morron, John A. Spoor,
A. V. Sprague, Clyde M. Carr, C. II. Conover, Chicago; Charles Steele,
$1,657,093 $1,436,125 $2,086,582
Total net Income___ $2,041,408
772,100
772,100
A H. Gillard. New York; E. F. SwinnCy, Kansas City; James S. Bell, Interest on bonds______
772,100
774,036
301,662
319,456
Minneapolis; F. Weyerhaeuser, St. Paul.— (V. 91, p. 214, 1160, 1243, 1445.) Rentals, Ac.....................
382,107
405,792
C H I C A G O & I L L I N O I S M I D L A N D R Y . — Owns Auburn. III., to Taylor
T o ta l...........................$1,179,828
$1,154,207 $1,073,763 $1,091,556
vllle, 26 miles, of which 17 miles was opened June 1907. Stock authorized,
$861,580
$502,886
$362,362
$995,026
$2,000,000: outstanding, $1,000,000 (par of shares $100), a majority being Surplus for dividends...
200,000
200,000
200.000
200,000
owned by Illinois Midland Coal Interests. The bonds are subject to call Dividend on pref., 4 % . .
(3)315,000 (3)315,000
on terms to be fixed for the several Issues; the $780,000 bonds Issues! on Dividend on com m on.(3M)341,250 (3 )4)328,250
the first 26 miles may be called at 110 on any Interest day since Aug. 1 1910.
OFFICERS.— Pres., Fairfax Harrison; V.-P.. Morton F. Plant,
See V. 82. p. 452, 803. For year ending June 30 1909, operating revenue, New
York; E. C. Field, Chicago; Treas., Byron Cassell, 198 Custom House
$77,006; net after taxes, $6,936. (V. 82, p. 803.)
Place, Chicago; Gen. Mgr., A. II. Westfall, Chicago; Sec., J. A. Hilton, 52
C H I C A G O & I L L I N O I S W E S T E R N R R . — To extend from Western Ave.,
Broadway, N. Y
Directors— Fairfax Harrison, Chicago: W. W. Finley,
Chicago, southwesterly to Joliet, 111., with branches, a total of 54 miles, of Washington, D. C.; Chas. Steele, R. M. Gallaway, Morton F. Plant, Henry
which 22 miles In operation. Extension proposed Gary to Joliet. V. 83, Walters, Adrian Iselln Jr., New York; W. 11. MoDoel. E. C. Field, F. A.
p. 491. Stock. $10,00,000, as Increased Aug. 1907; par, $100. Of the gen. Deiano, Chicago: Samuel T. Murdock, Lafayette, Ind.— (V. 91, p. 462,
6s of 1907 ($4,000,000 authorized Issue), $815,000 were outstanding In Delano, Chicago; Samuel T. Murdock, Lafayette, Ind.— (V. 91. p. 1095.)
July 1909. guaranteed prln. & Int, by Dolese A Shepard Co., Chicago.
C H I C A G O J U N C T I O N R R . — An elevated road. 3.75 miles of t r a c k
V. 86, p. 107; V. 88, p. 685. For year ending June 30 1909. $137,794;
net, $66,298. In 1907-08, gross, $153,165; net, $66,298; fixed charges, (opened April 19081 . extending from Junction with South Side Elevated RR.
$23,038; balance, surplus, $43,260. Pres., W. E. Phillips. Office, 184 at 40th Street to the Stock Yards. Leased to South Side Elevated f o r
50 years (with right to oiirehase at cost within 20 veers) at a rental
La Salle St., Chicago, 111.— (V. 88, p. 685.)
bond Interest and all expenses. Capital stock, $50,000. Bonds
C H IC A G O
IN D IA N A
& E A S T E R N R Y . — Owns Converse. Ind., to covering
guaranteed, prln. & Int.. by Chicago Junction Rys. A Union Stock Yards
Muncle, 43 miles. In May 1907 the Pennsylvania Co. acquired all the se are
they are subject to call at 105 after 1910. • Form of guaranty, V. 82,
curities. the road being operated as part of the Pitts. CIn. Chic. A St. Louis. Co.;
V. 84. p. 1181, 930. For cal. year 1909, gross, $74,2 20; op. def., $18,132; p. 568.— (V. 85, p. 792; V. 87, p. 346.)
other Income, $80: charges, $35,132; bal.. def., $53,184.— (V. 84, p. 350.)
CHICAGO JUNCTION R \1LWAY.— Owns Inner line within the Chicago
C H I C A G O I N D I A N A & S O U T H E R N R R . — (See M a p s N . Y. Cent. A
Union Stock Yards district, 11.81 miles, side and Industrial tracks, 118.58m.
Hud. Rio. RR.) —Owns from South Bend, Ind.. to Seatonvllle, 111., 192 m.
In Juno 1907 the Vanderbilt (New York Central) Interests arranged to
(former Ind. (11. A Iowa R R .); Danville. 111., to Indiana Harbor, Ind., acquire the outer bolt line, assuming the $2,500,000 outstanding bonds,
109 m.; branches, 16 m.; trackage, 28 m.; leases, 8 m.; total, 353 m. Also leaving property tree of liens. V. 85, p. 159, 792.
owns 20 m. leased to other companies.
A consolidation April 1906 of the Ind. 111. & Iowa, Ind. Har. RR. and
C H I C A G O K A L A M A Z O O & S A G I N A W RY.— Owns 55 in.. Pavilion to
Danville A Ind. Har. RR. V. 82, p. 803, 867. Stock, $20,000,000, of Woodbury. Mich. In Sept. 1910 leased to Grand Trunk system the 11 m.
which $5,000,000 Is 4% cum. pref. Lake Shore * Mich. Southern owns from Kalamazoo to Pavilion. Acquired In Dec. 1906 by Mich. Cent. (New
York Central system), but will be operated Independently. V. 84, p. 50.
$17,000,000 and Michigan Central $3,000,000.
BONDS.— Of the4sof 1906 ($20,000,000) .guaranteed by the Lake Shore Stock, com., $2,000,000; outstanding, $450,000: par of shares, $100. Lake
Shore A Mich. Sou. owns $180,000 stock and $507,000 1st M. bonds. V. 90,
* Mich. South., $4,850,000 are reserved to retire the 4s due July 1 1950
p. 708. Year ending Juno 30 1910, gross, $222,843; net, $82,545; Int. and
V. 86, p. 980, 1223.
„
,
Jointly with four other roads covenants to pav the N. Y Central lines rentals, $80,334; bal., sur., $2,211. Pres., II. B. Ledyard, Detroit; See.,
($30,000,000) equip, trusts of 1907 and 1910, the company’s share of equlp’t F. O. Waldo; Treas., J. E. Griffiths.— (V. 61, p. 1063; V. 84, p. 50.)
leased being about $4,000,000 and $1,200,000 respectively. V. 85, p. 1401;
C H I C A G O L A K E S H O R E & E A S T E R N R Y . — Embraces 331 miles of
V. 86, p. 168; V. 90, p. 1677.
track, connecting the various works of the Illinois Steel Co. and Indiana
EARNINGS.— 11 mos., / 1910.............. Gross, $3,379,863; net, $820,746
Steel Co. at Chicago, Joliet, Milwaukee and Gary with diverging trunk lines,
Jan. 1 to Nov. 30.
\1909________Gross, 2,897,379; net, 690,631
and also with steamship lines, stone Quarries, Industrial establishments,
REPORT.— Report for year end. Dec. 31 1909 In V. 90, p. 692,showcd: &e ; also, by lease and trackage rights over 74 miles of roads, reaches the
Gross, 53,223,313; op. Inc.. 5646,343; other Inc.,$487,076; charges, $ 1,083, coal Helds of Illinois and Indiana, and Joliet, III., handling between South
Chicago and these points a large, traffic for the Illinois Steel Co. Stock,
340; bal., sur., 550,079.— (V. 90, p. 692.)
being Increased from $2,760,000 In June 1909; all owned by
C H IC A G O
IN D IA N A P O LIS
& L O U I S V I L L E R Y . — Operates the 59,000,000
Steel Co., and so by the United States Steel Corp., which, with
“ Monon Route” from Chicago, 111., via Motion, Ind., to Indianapolis. Ind., the Illinois
hlgln Joliet & Eastern, guarantees the bonds, prln. and Int., by endorse
and Louisville, Ky., with branches. The system Includes:
ment. I he bast named leases the road for 60 years from June l 1909, rental
Lines owned—
Miles. | Oper. under contract—
Miles. covering
all charges and dividends on stock dependent on earnings
See
Indiana State Line to IndianIChlcago to Indiana State Lino__ 20
90. p. 108 . Dividends paid In 1909, 10%; In 1910, 5% .
apolls ...........
162 |New Albany to Louisville_______ 6 V. Bonds
arc
redeemable
In
whole
or
part
from
Dec.
1
1919
at
110
and
Int.;
New Albany to Michigan City_289 IConnectlon In Indianapolis___________ 2 they arc limited to $20,000,000 and further Issues of bonds beyond the
Bedford to Swltz City--------------- 40|Clear Creek to Harrodsb’ g, In d .. 9
$9,000,000 now outstanding can he made only for 50% of cost of property.
Orleans to French Lick Springs.. 18|Swltz City to west of Linton___ 10
I Wallace Jet. to Shirley Hill & br..60 V. 88, p. 1372; V. 89, p. 224, 1410.— (V. 90. p. 1170; V. 91, p. 1446.)
C H I C A G O M E M P H I S & G U L P R R . — Dycrsburg, Tcnn., to Tlptonvlllo,
Total of all June 30 1910.......................................................................... 616 Tenn., 31 miles. An extension from Tlptonvllle to Hickman, 21 miles,
A lease for 999 years with Chicago A Western Indiana (of whose stock this mostly completed July 1910. The entire line as projected will extend from a
company owns $1,000,000) gives entrance to Chicago on a mileage basis. point on the Ohio River to Memphis, Tenn. In Oct. 1909 stock acquired by
Owns one-third Interest In Kentucky A Indiana Bridge at Louisville, Ky.
new parties and name changed Nov. 1 from Dyersburg Northern RR. V. 89,
I-
.Ian., 1911.]
RAILWAY STOCKS AMD BONUS.
CO
51
A P OE TH E
Chicago, Milwaukee
Si. Paul Railway,
RAILROAD COM PANIES
[For abbreviations, <kc., see notes on first page]
1908
185
161
351
1,117
68
230
119
1,489
7.390
7.390
788 1865
150 1866
126 1871
120 1871
140 1872
175 1871
$ 1,000
Amount
Outstanding
$5,500
100 116.348,
100 116,274,
1,000
2,500
1,000
1,928
1,000
5,049
1,000 25,340
1,000
1,360
1,000
4,755
1,000
1,250
1,000
4,748
1,000
2,856
1,000
3,083
1 , 0 00 ) a48,841
1,000/
1,0001
1 ,0 00 /
a8,950,000
1,000
2,155
1,000 n4,003
l.OOOAsc 28,000,
50,000,
123,000,
100 130,114,
100 22,395
1,000 12,832
500 Asc 2,332
500 Asc b2,977
500 &c C2.540
500 Asc d3,365
100 Asc k4,038
Rate
%
When
Payable
&
5g
&
In 1910
7
I fis
5
as
Last Dividend Places Where Interest and
and Maturity
Dividends are Payable
Apr 1 1948
1 •10.3H
1 ’ 10, 3 H
J July 1 1919
6
as J July 1 1920
6
as J July 1 1920
as J Jan 1 1921
5g
as J July 1 1921
5g
as J July 1 1921
5g
as J Jan 1 1924
6g
as J July 1 1914
5g
& J Jan 1 1916
5g
5
as J July 1 1926
as J May 1 1989
4g
4g
May 1 1989
as J May 1 1989
3X e
May 1 1989
3H g Q—J
4H J as D June 1 1913
6
J & D June 1 1913
4g
J & J July 1 1934
4
J & D June 1 1925
4
Jan 1 1949
In 1910 Q— J Jan 3 1911 3H
In 1910 Q—J Jan 3 1911 2?5
7
Q—F Feb 1 1915
7
M & N May 1 1916
7 g A & O Apr 1 1911
7 g J & D June 1 1911
7g
M & S June 1 1917
7 g J & D Dec 1 1916
1
159
77
5.859
5.859
5.859
5.859
126
362
1879
1880
1880
1881
1881
1881
1883
1884
1886
1886
1889
1899
1889
1899
1880
1884
1909
1910
1909
Par
Value
a
Chicago Milwaukee & Gary—1st M $20,000,000 g red
105 beg 1918...................... ............................... SStxc*
Chicago Milwaukee & St Paul—Com stock (see text).
Prererred stock 7% yearly not cum $124,654,400..
Lacrosse & Davenport Dlv first mtge________ F.c*
Wise Val Dlv 1st M sink fund not drawn.-NB.c*
Dub Dlv 1st M sinking fund not drawn— NB.c*
Chic & Pac Western Dlv 1st M (see text) goId.F.c*
Chicago & Lake Superior Dlv 1st M gold------F.c*
Wise & Minn Dlv first mortgage gold------------------- F
Fargo & Southern first mortgage gold assumed___
Chic MIIw & St P Terminal mortgage gold----- F.c*
Dakota & Great Southern first mortgage gold___ F
Chicago & Missouri River Dlv first mortgage..F.c*
General M (for $150,000,000) gold Series A .U s.c* Asr
do
do
Series A registered.
do
do
Series B _________
do
do
Series B registered
MIIw & Nor 1st M Schwartz to Gr Bay ext 1910..C
Consolidated mortgage______________________ c
Debentures $50,000,000 auth gold______F.xc’ r'
Debentures $50,000,000 auth_______________Usm.x
Chic Alii w & Puget Sd— 1st M $200,000,000 au th .. Us
Chicago & N W— Com stock $177,604,880 auth___ Tr
Preferred stock (not cumulative) sec text_______ Tr
Chic & N W con s f M ($12,900,000) not dr___ F.c
Cedar Rapids & Missouri River— 1st M 3d Dlv__
Madison Exten 1st M g (s f $23,000 not d r)..F .c *
Menominee Ext 1st M g (s f $20,000 not or) ..F .c *
Northw Union 1st M g MIIw to Fond-du-Lac.F.c*
Winona As St Peter 1st M ext g land gr s f ass..F .c
Miles Date
Road Bonds
0
s Sept
s Sept
St. Louis Un. Tr. Co.
N Y Office 42 Broadway
do
do
do
do
do
do
do
do
do
do
do
uo
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
Paris and London
Co’s office 111 B’ way NY
do
Hn
do
do
do
do
do
do
do
do
do
do
do
do
do
a Also July 1910 additional general mortgage b onds 1 n trea sury and not listed (s ee text).
n $1,08 9.000 additional In treasury.
Also In sinking fund July 1910: b $172,500; C$150 500; d $135 .0 0 0 . x c oupon bond s J AsJ; r eglstered
Q— J.
p. 993, 1280. Stock auth., $1,000,000; issued, $300,000; par, $100. Bonds
.
„
1909-10.
1908-09.
1907-08,
($10,000,000 auth. Issue) are subject to call at 105 after Jan. 1 1912; issued Average
miles operated........................
7,512
7,512
7,409
$350,000 to retire old bonds and all debts; reserved for terminals &c.. $1. Passenger
earnings.................................$14,786,744 $12,774,852 $11,883,395
750,000, and remaining $7,900,000 at not to exceed 85% of cost of new con Freight earnings....................................
44,909,137
42,341,651
40,426,880
struction, or over $20,000 per mile. V. 90, p. 108, 302; V. 91 , p 153
For
4,780,960 4,622,346
6 mos. ending Dec. 31 1909, gross, $54,062; net, 522,753; lnt. an d 'taxes. Mail, express, Asc., earnings................ 5,151,013
$9,374; baL.sur., $13,379. For year ending June 30 1909, gross, $68,113,
Total earnings....................................$64,840,804 $59,897,463 $56,032,621
S f^ -i* ? 7,603 '!D 2 2 7' 08: net> 528,576, agst. $24,813; lnt. and taxes, $18, Ma ntenance of w a y ............................ $8,472,825 $7,288,603 $6 ,451,588
784; bai., sur., $9,792. Pres., S. G. Latta; V.-P., E. Rice, both Dyersburg, Maintenance of cars and engines___
7,724,569
7,270,774
7,079,774
Tenn.; V.-P., John H. Watkins, 2 Wall St.. N. Y .; Sec. and Treas., J. C. Transportation
and traffic.................. 27,469,993 23,098,477 22,628,232
Doyle, Dyersburg.— (V. 90, p. 108, 302; V. 91, p. 153.)
raxC3„ .................- ................................. 2,529,373
2,428,676
2,304,063
1,073,385
1 ,004,120
CHICAGO M ILW AUKEE & GARY RAILW AY. — This road, when Miscellaneous........................................ 1,123,610
completed, will form an outer belt line 267 miles In length, extending from
Total expenses....................................$47,320,370 $41,150,914 $3 9 ,468,331
Milwaukee. Wls., to Gary. Tnd., connecting with all of the 32 main trunk
lines entering Chicago. Of this, Rockford, 111., to Dclmar, 125 miles. Net earnings ..................................... $17,526,524 $18,737,549 $17,404,290
207,620
179,083
373,955
Including Elgin Joliet & Eastern trackaee between Aurora and Joliet 22 Outside operations, net........................
804,880
miles, was In operation In July 1910. In March 1909Hnterests represented Dlvs. on MIIw. Land, Asc., stock___
by the St. Louis Union Trust Co. acquired practical control. V. 88, p. 685. lnt. on Ch. M. & Pdget Sound bonds. 6,059,406
Other income (net)................................
805,007
50',686
Stock authorized, $10,000,000; outstanding. $5,5oo.ou0; par, $ioo.
655,707
BONDS.— On April 1 1908 a mortgage was executed to the St. Louis
Total
net
income
.........................
$25,493,587
$18,967,918
$18,494,042
Union Trust Co. and Illinois State Trust Co. of St. Louis as trustees to Interest on funded debt.................
$6,651,215
$
5
,
855,717
$5,916,760
secure an Issue of $20,000,000 of 40-year 5% bonds, of which $5,500,000 Interest on European loan...... ......... ..
160,589
have been Issued to acquire the property of the Illinois Iowa & Minnesota Dividends on preferred ( 7 % ) . . . ......... 8,115,233
5,806',780
3,495,373
and subsidiary companies, the remaining $14,500,000 bonds being reserved Dividends on common (7 % )................. 8,116.220 6,966,743
5,817,381
for extensions to Gary and Milwaukee, equipment, terminals, elevators,
coal docks and facilities at Gary and Milwaukee, of which about $10,000,000
Total deductions......................
$23,043,257 $18,629,240 $15,229,514
to be used at present to complete the line. V. 86, p. 980; V. 88, p. 685. Balance,
surplus...................................
$2,450,330
$338,678
$3,264,528
Pres., Albert T. Perkins, care St. Louis Union Trust Co., St. Louis.— (V.
OFFICERS.—Chairman, Roswell Miller, 42 Broadway, New York;
88, p. 685.)
Pres., Albert J. Earllng, Chicago: Treas.. F. G. Ranney, Chicago; Gen.
CHICAGO MILWAUKEE & ST. PAUL R Y.— Operates from Chicago Mgr., D. L. Bush: Sec., E. W . Adams, Milwaukee. Wls.
westerly to St. Paul, Minneapolis and Lake Superior, Omaha, Neb., and
Directors— Roswell Miller, New York; A. J. Earllng, Chicago: L. j .
Kansas City, Mo., with lines traversing Illinois, Iowa. Missouri. Michigan, Petit,
Milwaukee: J. Ogden Armour, Stanley Field, Chicago; Frank S.
Wls. Minn, and the Dakotas, viz.: (Map C. M. & Puget Sound R y. p. 37): Bond, William Rockefeller. Donald G. Geddes, John A. Stewart, PercylA.
Road—
Miles. 1 Road—
Miles. Rockefeller, Walter P. Bliss, Charles W. Harkness, John D. Ryan, New
Lines owned June 30 1910 (of
IScoond and third traoks________ 502
York. N. Y. office, 42 B’way.— (V. 91, p. 1095, 1710; V. 92, p. 186.)
which 30 miles owned Jointly).7,296 iTrackage (Including 2 d tracks)..277
CHICAGO MILWAUKEE & PUGET SOUND RY.— (See M ap.)— This
HISTORY, &c.— Org. May 5 1863 and on Feb. 11 1874 took present name road forms the Pacific extension of the Chicago Milwaukee & St. Paul R y.,
The Pacitlc extension, from western terminus at Glenham, S. D., to completed through to Seattle and opened July 1909. Extends from
Seattle and Tacoma, 1,4 63 miles (of which 26 miles Is owned Jointly Mobrhlge, S.D., to Seattle and Tacoma, 1,463 miles, Includlng66-mllc Lewis
with Union Pacific), Including 66-miles Lewiston branch. Is known under ton branch, of which 26 miles from main line to Tacoma Is owned Jointly
name of Chicago Milwaukee & Puget Sound Ry. (see statement below), with Union Pacific and 35 miles Is trackage. In Oct. 1910 396 miles of
was completed In Juno 1909; 396 miles of branches had been completed In branches had been completed of which 39 miles were built Jointly and
Oct. 1910 and 199 were under construction. V. 87, p. 543; V. 88. p 99
199 miles were under construction, of which 9 miles to be built Jointly.
294, 748, 882, 944, 1252.
V. 91. p. 651. In November 1910 177 miles of branches were opened.
Tacoma & Eastern till., Tacoma, Wash., to Grenavon, 63 m., with
Hie company lias authorized its first mortgage 4% bonds, dated Jan. 1
branches. 28 m., total 91 miles, was acquired In 1909.
1909, United States Trust Co., trustee, for $200,000,000. Of these
CAPITAL STOCK.— The pref. stock has a prior right over the com. stock bonds, $123,000,000, together with the entire auth. Issue of $100,000,000
to a dividend of not over 7% from net earnings In each year, but If not stock, has been turned over to the C. M. As St. I>. Ry. treasury for the
$123,000,000 advanced for construction. Bonds cover road, terminals
earned It has no cumulative right. After payment of 7% on pref. and 7%
and equipment and run to maturity. Pres., II. R. Williams, Seattle,Wash.
on com., both classes share pro rata.
In December 1906 the stockholders subscribed pro rata tor $66,214,400
EARNINGS.— 5 mos., J1910.............. Gross, $6,287,381; net, $3,092,521
pref. and $33,241,100 com. stock at par, payable In Installments to March 1
July 1 to Nov. 30.
) 1909...............Gross, 3,548,757; net, 2,130,012
1909. This increased the amounts outstanding to $116,274,900 pref. and
REPORT.—
Report for 11 mos. ending June 30 1910 In V. 91, p. 651,
$116,348,200 common stock. V. 83, p. 1523; V. 84, p. 50. 101- V 85
showed
(1,434
average
miles):
Operating revenues, $10,765,704; net (after
p. 98, 1338; V. 88, p. 293.
'
taxes), $5,293,312; other Income (Including hire of equipment, $648,118,)
DIVS. since 1892— ) ’ 93. ’ 94. ’ 95. '96. ’ 97-’ 00. ’01. ’ 02-’09.
1910
$650,638; lnt., &c., $3,747,744: bal., sur., $2,196,206.— (V. 91, p. 651.)
On common____% } 4
4
2
4
5 yearly 6 7 yearly
7
CHICAGO & NORTH WESTERN R Y .— (.See M ap.)—Operates an Im
On preferred__ %J 7
7
7
7
7 yearly 7 7 yearly
7
portant system of roads uniting Chicago, 111., with Omaha. Neb.. St. Paul,
BONDS.— Abstracts older mtges., V. 45, p. 114, 144,
21?; V. 48.p. 830. Mjnn.^ with the great wheat belts of Dakota, Nebraska, &c., and with the
The general mortgage of 1889 (see abstract In V. 48. p. 830) is for $ 150 ,'
' "
Hack Hills, Including—
000,000 to the United States Trust Co. of New York, as trustee, and covers
Road owned in fee—
Miles.
Miles.
the entire railway property and franchises of the company (therein de Main lines, Asc......... ......
De Pue Land & East, (leased). .
3
scribed) subject to prior Hens which are paid as they mature.
Entire stock owned—
Sundry trackage_____________
42
In July 1910 gen. mtge. bonds were Issued or reserved as follows;
Princeton as Western__
Wolf River Valley..........
Total July 1 1910...................7,629
Amount In the hands of the public.............................................. $57,791,000
Second track_________________ 826
In treasury of the company (unsold). . ....................................... 28,636,000 St. Paul Eastern Grand Trunk
(leased)_____________ ..........
60 Has large Interest In Chic. St.
. ,T
Paul Minn. As Omaha_______ 1,739
Total reported by the company as outstanding__________ _ $86,427,000
HISTORY, ETC.- A Vanderbilt line (V. 75, p. 1086) organized in 1859.
Reserved for prior liens...........................................
$60,498,000
In July 1884 the capital stock of the Fremont Elkhorn & Missouri Valley
Remainder .........................
3,075,000
was acquired, and In le b . 1903 the road was absorbed. Its securities, ex
Total authorized_________________
$150,000,000 cept those held by Chic. As N. W .. are In table above. V. 75, p. 514, 516.
1900-10 various proprietary roads were purchased. V. 71, p. 2 9 1 ,294;
In Dec. 1909 $25,165,000 gen. mtge. 4s were sold, chlelly to pay off $12, v -In
73. p. 294, 1010; V. 75, p. 446; V. 81, p. 840; V. 89, p. 071; V. 91,
357,000 old bonds and for new lines, second main track and additional p. 790.
James Itlver Valley As N. W. Ry. was Incorp. In 1909 to build
equipment. V. 89, p. 1279, 1541, 1596, 1667.
to Gettysburg and from Oneida to Hitchcock, So.Dak.,
In 1909 $28,000,000 of an authorized issue of $50,000,000 4% 25- ?onnc^t?s from
a
A?
nl
iCS’
, 0 .Milwaukee Sparta & Northwestern R y., 178 miles, In
year debentures were sold. They are to be Included In any new mtge. M waukce, Waukesha
and Dodge counties, Wls. In Sept. 1910 about 100
V. 88, p. 1559; V. 89, p. 1223, 1346.
In May 1910 sold to a group of French banks 250,000,000 francs ($50, miles had been completed and 250 were under construction. Sioux City,la.,
000,000) 15-ycar 4% debentures. They arc to be secured by any new to Hawardcn, 43 m., opened Nov. 1910. V. 89, p. 1410; V. 91, p. 808.
CAPITAL STOCK.— Of the com. stock. $2,334,042, and of the pref. $3,mtge. None of the Chic. MIIw. & Puget Sound R y. stock now owned or
hereafter acquired Is to be sold while the bonds are outstanding. V. 90, p. ri™v,V ♦cni£»'a.et iin
3 treasury in July 1910. Pref. stock has prior
1421.1489. 1554; V. 91, p. 38, 1710.
t0
pref- 3^“ : tllcn com - 3% : then both classes
A?«3 „,1ie.?:uAh? r ?nn.com’ stock was Increased from $41,448,366
FINANCES. &c.— The company owns all of the $100,000. to $77,601.045
and
In
Oct.
1906 to $177,604,800. V. 84. p. 157.
000 stock and the $123,000,000 1st M. Is of the Chicago MIIw. & Puget
Stockholders In Jan. 1910 subscribed for $30,502,650 common stook at
Sound R y., which sec below.
raising the amount outstanding to $130,121,500. V. 89, p. 1482.
In 1910 the Union Pacific system (Oregon Short Line) owned $1,845,000 par,
In July 1910 U, P. system (Ore. Short Line) owned $4,018,750 stock
pref. stock. V. 87, p. 1549.
1
he
consolidated sinking fund bonds of 1915 have voting power,
....H16i e*unt*Ine at 4 °f the $22,097,000 5, 6 and 7% bonds maturing In
DIV.— j ’8 6 t o ’ 93. ’ 94 ’ 95. *96 to *99. ’00. ’ 01. ’ 02 t o ’ 10.
1910 effects an annual saving of $460,440. V. 89, p. 1279.
1911
Com
) 6 yearly.
3
4 5 yearly.
6
7 yearly.
Jan, 3 Vi
EARNINGS.— 5 mos., / 1010...........Gross, $30,115,152; net, $8,810,241
Pref . . j
-7 yearly----------- 8 yearlv-------- --July 1 to Nov. 30.
\1909...........Gross. 29,567,441; net, 10,394,946
Dividends on common are to be paid quarterly, beginning April 1911 .
ANNUAL REPORT.— Fiscal year ends June 30. Annual meeting Is held
BONDS.—General Mortgage.—See Abstract In V. 65 , p. 1175 . The
In Sept. Report for 1909-10 In V. 91. p. 651: owing to changes In classifi authorized
Issue Is $165,000,000 (U. S. Trust Co., trustee): $131 645,000
cation. comparisons with other Income In 1907-08 are inaccurate; editorial
were reserved to retire underlying bonds (of which $40,113,000 had been
p. 682.
retired In Jan. 1911), and remainder for additions and Improvements,
RAILWAY STOCKS AND BONDS.
1911.J
j a n .,
RAILROAD COMPANIES
[For abbreviations, «fee., see notes on first page]
Miles Date
Road Bonds
Chicago & North Western— (Continued) —
Mllw Lake Shore & W cons M (now 1st) gold..C e.c
413 1881
Michigan Dlv 1st M (for *3.000,000) goId-.-C e.c
82 1884
Ashland Division first mortgage gold______Ce.c
40 1885
Ext & Imp M for *3,000,000 g s f not drawn.Ce.c
693 1889
Income bonds (not cumulative) no coupons
r
___
1881
Marsh Ext 1st M *600,000 (*15,000 p m)__Un.c*
40 1892
0 & N W s f bonds of ’79 (*15,000 p m)red at 105F.cr 1,041 1879
Sinking fund debentures 1033.................Un.c*&r
___
1891
Chicago & North Western 30-year deben Un.c*&r
__
1891
Extension 4s *20,000,000 (*20.000 p m) Un.c&r
___
1886
General gold bond mtge *165.000,000...U s,c*& r
___
1897
do
do
do
registered..
___
1897
do
do
do
1897
do
do
do
_ __
__
rccrlstercel
___
1897
Manlt’o Gr Bay & NW 1st g gu M(V88,p230)F.c* Air
114 1906
Mllw & State line 1st M g gu(V88,p230)..F.c*&r
50 1906
Branch Line Bonds Assumed
Boyer Valley Ry 1st M g *16.000 per mIle_F.c*&r
90 1898
Mlnn & la Ry 1st M gold *16,000 per mlle._F.c»&r
119 1899
Mankato & New Ulm 1st M gold *416,000 F.c*&r
26 1899
Southern Iowa first mtge *1,120,000 gold F.c*&r
56 1900
Princeton & Northw 1st M *2,100,000 gold F.c&r
105 1901
Peoria & Northwest 1st M *2,125,000 gold F.c&r
85 1901
Sioux City & Pacific 1st M gold *4,000.000..F.c&r
125 1901
Minn & So Dak 1st M gold *528,000___
F.c*
38 1900
Iowa Minnesota & Northwestern 1st M gold.F.c*&r
195 1900
Frem Elk & M V cons M *25,000 per mile assumed 1,170 1883
Chicago Peoria & St L— Pr lien M g call at 107 M _Ta.c*
235 1900
Consol mtge $2,000,000 gold call at 105___ Ta c*
235 1900
Income mtge gold (text) non-cum call at par
235 1900
New Securities to be Issued under Reorganization Plan
Stock, *4,000,000 .............
, Gen and refunding M *15,000,000 gold "red" text
Chic R I & P.-K- RR—Coll tr M *75,000,000..C e c*&r
___
1902
Bonds *7,500,000.......................
—
1909
Chicago Rock Isl & Pacific Ry— Stock ($75 ."boo" 000jI
- .
_____
First M Chic, 111., to Council Blutls& branches Us.c*
765 1877
General mortgage * 100 ,000.000 gold. .
Ba c*&r 2 395 1N9N
In addition sinking fund Oct. 1010 held: g *181.00 0; h * 2,013,
o *74,000: p all In s. f.
Par
Value
Amount
Outstanding
Rate
%
*1,000
1,000
1,000
1,000
1,000
1,000
1.000 &c
1,000 &e
1,000 &c
1,000 &c
1000 &cl
1000 &cI
1,000 &c
1,000 &c
1,000 &c
1,000 &c
$5,000,000
1,281,000
1,000,000
4,148.000
500,000
400.000
11,647,000
9,695,000
g9,819,000
hl6,619,000
m See text
M & N May 1 1921
J &
July 1 1924
M & S Mch 1 1925
F & A Feb 1 1929
M & N May 1 1911
5
A & O Oct 1 1922
& 6
A & O' Oct 1 1929
5
M & N May 1 1933
5
A 15 & O Apr 151921
4
F 15 & A Aug 151926
3M g M & N Nov 1 1987
3 « g Q— F Nov 11987
4
M & N Nov 11987
4
Q— F Nov 11987
3 M g J & J Jan 1 1941
3 M g J & J Jan l 1941
VoJ
s«
See text
1,000 &c 71,207,400
See text
100 74,877,200 4 M ln’ 10
1 000 &c 12,500 000
6
l.noo&c 61.581,000
000; k *2 02,500: m *1.045,0
Of the Mnklng ?und
aaS S aH S S S S
gage t H m d s u r t 1886,,are
by deposit In trust of first morteral JuIv l 191 o wer,?*ift
*20.000 permlle
Included In thecollat
t,,1 were *10.675,000 Fremont Elkhom & Mo Valiev Ists and
*2^560,000 Wyoming Central lsts (consolidated with F. E. & M. V .), &c.
mIles f ^ r e m
t x*iss0,url v,nU^ consols have a first lien on 1,170
HMtlnra
Alhfon
1 l 57 m,Ies’ an" branches to
rn
1 t o I„ - i . 1 * *w.13 ” bes). but besides the amount of Issue given as
Centm M lr^ A tlpe i5a * eiu*x?’?75’0i00 (along with *2.560,000 lo o m in g
* s*wite/oSoSto!,- sjars tr86
h.e,d- part
3,750,000
2,500,000
Last Dividend Places Where Interest and
and Maturity
Dividends are Payable
« g
*
6
« «
1,000 &c
1,440,000
3H g
1,000 &c
1,004,000
3 M ft
1,000
pi 16,000
JU f A
1,000 &c NoneDec ’ 10
3H g M
1.000 &c nl .940,000
3H g J
1.000 &c 2,125,000
3H g M
1,000 &c o3,926,000
3H g F
1,000
528,000
gJ
1,000 &c 3,900,000
3*g J
1,000
7.725.000
A
1 000
1 050,000
4M g M
1,000
2,000.000
5g J
1,000
2,000,000 Up to 5% wh
*4,00° ooo at once anil *1,000,000 a year thereafter. V. 65, p. 1070- V
6o, p. 69, 111, 571; V. 75, p. 980; V. 88, p. 280, 563. In Nov 1910 S15 000,000 gen 4s were sold to retire $12,000,000 prior bonds and for other
purposes. On June 30 1910 there were $30,271,000 gen. 3 k s outstanding
“ n d ^ o Y w I f ^ ^ ^ o o ^ S 'r * ^ '’ °,f
|m See text
When
Payable
Co’s office,111Bway.N Y
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
& D Deo 1 1923
& D June 1 1924
& O Oct 1 1929
& S Sept 1 1925
&
Jan 1 1926
&
Mch 1 1926
&
Aug 1 1936
&
Jan 1 1935
&
Jan 1 1935
&
Oct 1 1933
&
Mch 1 1930
&
July 1 1930
earn. July 1 1930
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
Liberty Nat Bank
July ’08 coup last paid
Seml-an 30 years
M & N Nov I 2002
M & S Sept 1 1913
Quar. Jan 3 1911, 1%
& J July 1 1917
& i Jan I MIN'.
00 (also *19,792.000 o
Int from Deo 1 1909
“
Elrst National liank N Y
Jan 3 ’ l l , 1 %
First Nat Bank, N Y •
do
do
do
do
n hand) ; n *160,000;
In ?hU
«?? era*1 ? that
5®rnndlng”
4 Ms, *850,000
ix
mee\°reasni^’inH,?
treasury, ana ItMIsAestimated
after Drovldlntr
for thewill be placed
hah*
u S d i n ? a r . ! fl!1 havc fre° treasury asse^s°In cash and"general^mdreThe1?few w m S I n v W Z . W 000 t0. m,ake ne5ded improvements,
the first 6 vea?sp
wm X a .flxed annual charge of about *154,000 for
IncrensA inX-nto
] be thereafter Increased about *15,000 by the
i x c K e f o ^ o l d con™o's% t0 4 ^ % ° ” the ?1’ 100’000 new bppds l88ped in
are Offered"TnldneSi^«?nAkef^ n#ot to ma.kc a cash Payment as above provided
*1 000 lnmmn
mt^, bonds,
h f r f . $60 In new
vaIuestock:
v? tlnK
trustnrof
certificates
ji.uuu
income mt^e.
for $100
stock *4 for
in
new stock: for *100 common stock. *2 in new stock.
P
’ ’
ross’ *801*174:
EA?yNl?oGNti753nOS'
(J qAS---------------£
duty 1 to Nov. 30. ’ 11909--------------Gross,
771,353; net,
net, $121,481
182,234
7 R«?S 5 T toF ycJir to June 30 1910 was in V. 92, p. 113, showing- Gross
Springfield, 111.; Treas., F. S. Wilson.— (V. 90, p. 1675- V 92 p ' l l ! f
,m*■«•<«
FINANCES.— Stockholders In Feb. 1907 subscribed for
stock0 1 'v ° « a
pa!i and ln Jan- 1909 for *30,502.650 additional
to°cost sTii nn’nPnno70’ 8 i 7> 1098: v - 89. P- I482- New terminals In Chicago
to cost *20,000,000 are to be completed about Mch. 1911. V. 87, p. 4 7 9 ,
J S d ow n ed
,}-rtv f c B
?®V *15o ’onk8n9n’nP- 670: X' 91* P’ 807- In Jan- 1909 soId $16.250,OOt) 3 ^S,
incl *10,000,000 generals, and in Nov. 1910 *15,000,000 general 4s.
v. 88, p. 230, 563; V. 91, p. 1385.
EARNINGS.— 5 mos., /1 9 1 0 ____Gross, $34,479,078; net, $10,921,633
July 1 to Nov. 30.
11909____Gross, 33,824,726; net, 11 , 579,443
For 5 mos. ending Nov. 30 1910, net, *10,924,012, agst. $ 11,571 877 -
taxes, $1,335,000; other Income, $911,745: Int., rentals, &c., $3,767’225d*v^- on eom. and pref. stocks at 7% and 8% yearly, respectively, call for
53,795,210 and $746,500, leaving $2,191,822.
REPORT.— The annual meeting Is held the third Thursdav In Octoher
Report tor 1909-10 at length ln V. 91. p. 785, 806; editorial, p. I8n37Oct0ber
Operating Revenues—
1909-10.
1908-09
1907-08
S
S
&
1010
f e *
o , ,h „
of^ lf^ nu rch as^ ^ rlc^ nf nthprSt°i<id; r®aiiz(nf? * 10,852,612^ Tlfe remainder
$7 500 ooo new NQPHim
Qc1<? latv,fr^st 5s was provided by the sale of
P
u a and
n d iare
^ 2held
r t 1 in
n eIts
ifSo*treasury.
pt' 1913, w,hlch
Purchased
by The
C. R . I . &.
P.RRy.
V. 89,were
p. 1667.—
(V. 91,
p. 1154.)
Danes fn s
*SLA ND & PACIFIC R Y. — {See Map Rock. IslandCo..
Neb M,8n, nX, ° V n he ?ys‘ e,n extends n-om Chicago. 111., via Omaha
Santa
X 0" 0? .d° SPrlnirs- c,,l and, via Kansas Cltv. Mo. to
S W n n /'nN »n ,w e i '’ ,thcre, counectiug with the lines of the El Paso &
7,629
7,635
7631n,'„.
Average miles operated..........................
fni.- Go. and forming with them and the Southern Pacific a through
Freight revenue.------------$49,536,839 $43,619 091 $41 949 630 and to Pnrt
: also fro,n iucumcarl, N. M., to Memphis, Tenn
Passenger reven u e--------------18.431,017
16 875 668 15 734 607 Minn inHrtZ t
rus«
the, south and on the north to Minneapolis
inn.,
and Watertown. S D. with numerous branches, viz.:
Mall, express, &c---------- ----------- 6.207.828 5.483,712
5 535.107
,
.
ivines
Total operating revenues................ .$74,175,684 *65,978,471 * 63,219 344
Chicago, III., to Col. Spgs., Col. 1,063 Choc. Okla. & Gulf (lea sed)... 067
Davenport, la., to Tcrral, Okla. 70S Ch. R. I. & El. Paso R y ___ 153
......................................*21.*25.371 *22,610,755 |21.855.485
Rents— d e b its ...................................... 1,-397|278
Kan., toTexhuma,
818,848
460,159 Herlngton,
Ch. R. I. & Gulf R y __________ 469
Interest on bonds, <£c...... .................... 7,583,447
O kla_____________
323 St. L. K. C. & Col. R R _______ 284
7,603,926
7,505,184
Sinking funds and other payments__
246,149
Burlington, la., to Mlnn’p.Mlhn. 308 Rock Island Ark. & La. R R .. 308
252,687
251,450
Dividends on common stock, 7 % ____ 8,040,438
Vinton,
la.,
to
Watert’n,
S.
D
376
6,972,903
6,972,672
Perpet. lease; treated as owned—
Dividends on preferred stock, 8% . . .
1,791,600
1,791,600
47
1,791,600 Branch lines_________________ 2,152 Peoria & Bureau Valley R R . Co.
Balance, surplus.................... ..........$2,406,459 $5,170,790 *4,874,419
OFFICERS.— Pres., Wm. A. Gardner, Chicago; V.-P S A I v'nrliTreas., M. B. Van Zandt, N. Y „ Sec., John Davis Caldwell. N. Y I l f B V
rtJ&»?J™ 8- ~ Mary,,n Hughltt (Chairman), W . K. Vanderbilt, F'.’ w Van
derbilt, Chauncey M. Depew, James Still man, James C. Fargo Frank W o r k
T N- J i ByrMn , L ' SmIthH. McCormick. Chauncey Keen
DaJldVp
A - Gardner, Chicago; H. C. Frick, Pittsburgh/PaP’
VaX d £ - Kimball, Oliver Ames, Boston; Zcnas Crane, Dalton, Mass.-Homer
A. Miller, Des Moines, la.— (V. 91, p. 1385, 1574; V. 92, p. 117?)
r J „ ° ‘i llrI,llllea,ge °X n.cd dlrectly and through capital stock, &c
7 158
Leased Ltnes (see slatement for each). Keokuk & Dcs Moines Ry, 162
SprinVgs1WcvstemCRRl.yeL V mley ^
Trackage: Denver, Pueblo, Kansas ‘c
C° ’ 62 m ': UtU° R° Ck & Hot
i t y - 7 I III I I IIIH 11
,
620
Total mileage June 30 1910............................................................ .L o24
The Rock Island Interests ln April 1906 acquired a half Interest In’ tue
Trinity & Brazos Valley Ry., owning a line from Cleburne to Houston Tex .
miles, with branch to Waxahatchle, 70 miles, and trackage rights from
-C H IC A G O PEORIA & ST. LOUIS R Y .-R O A D .-O w n s from Pekin to 2.16
Clehurm. to |-ort Worth Waxahatchle to Dallas and Houston to Galveston
Granite City, 111., 180 miles; Granite City to Madison. 2 miles; Madison to . Extension from Haskell, Ark., to Crossett, Ark., and to Eunice La
Uiid •(• Jet .3 m.; Havana to Jacksonville. III., 12 m.; branch, Lockhaven 308 miles; under charter of Rock Island Arkansas & Louisiana R R . was
in ' fIX }?i i8 71, r,,ta* owned, 235 m.; trackage. Pekin to Peoria, 10 m ■ completed early In 1908. See BONDS below. In May 1910 113 miles
An
J 1" H F t. I-«uls Station 9 m.; total, 255 J* miles
were opened from Amarillo, Tex., west to Tucumcari, N. M.
OnM tii y 4 1999 Pre,s- John P. Ramsey and Henry M. Merrlam of Sprlngrl|«» were appointed receivers, the January and July 1909 coupons
X i / r ^ r , noS,olJdaUoa ,June 2 lsml with *50.000 000 stock
In July 1910 *71 207,4)0 of the $71,877,200 capital stock had been doR R
1 m
s being *.n default- v - 89> P- 41. The Chic. Peoria & St. L?
waV “fgrporated as successor on Dec. 6 1909, with *4.000,000 auth. pos ted per plan V. 75 p. 239, each *100 stock being exchanged for the fol
Iowing
securities.
*1UU In 100-year 4% gold bonds of the Chle. R. I. &
organization
1541,:, In.Jan,- 1911 the date of foreclosure sale and re- Pac. Railroad (of Iowa)
and $70 pref. and *100 com. stock of The “ Rock
/?'a t,rIK declMon In 2-cent fare suit. V. 90, p. 1675.
Island
Company
(of
New Jersey), which owns the entire capital stock of
R
I V n Af; Gommif/ee.—Charles H. Warren (Chairman), George F.
Railroad cnmpanv
See statements f ir those companies
Banker^ Trus tYcn^N ” iP.^deposl tary Stevenson’ 84 Nassau St., Secretary;
The properties of the former Burl. Cedar Rapids & Nor. and Rock Isl &
Peoria are now owned In fee. V. 74, p. 1194? 1250 Stockholders voted
tnoQIjn^;m .Lh?hplan of thc abo,yc committee, declared operative Oct. 26 Dec. 15 1910 to merge the Chicago R. I. & El Paso, 153 m.
”
160
to°th'nP s°9Vn^inS non4 a aevv 00■shall acquire the road after foreclosure, subject
P IVioni?NDS—ir V 99r’02’ ° 3 ’ ’° 4- ’° 5- ’° 6 - ’° 7 - ’° 8 - ’09. ’ 10. 1911.
s?and?n|2'0m0hn°nnS,tl OilX ent mtFc ' otu 190°. of which $1,050,000 are outcoramon' interest0™” 1 ttCG S B VCn broad Powers, including sale ln the
DWldendV^ ' l ^ e n d V ‘ o.covlr^niy interest^qu'lrem e& Po?th^ChlJ.
rpfT,n?i&la“ (, X ’ 89> P- 28,5) authorizes an Issue of *15,000,000 “ generaland & i lateln i W v o o : p
° “ sale of the S t’ L ’ & S ’ p *
s f X n K i “ O-year.eoW ,4 Hs. Present Issue, *2,850,000, o f which the
tn h n o’P00 ssuable n exchange for the old conuols and unpaid coupons are
BONDS. Of the general 4s of 1898 those unissued are available aq fnl.
honVuX ,P ? 'yu 3% Interest for the first 6 years. For six years the new
imnrvq ninHOVer ,00° *000 pcr annum f()r permanent ImprovethM-elfT?r b,en%U, J ectJP cal1 at par on any Interest date on 60 days’ notice; S C?nd-»PoqU Sinenv ’ and *12.*U0,000 to retire the first 6s
prlorlf^n h L li°7 ^ ’. » ° f thc bonds, $2,000,000 will be reserved to refund VftL1 a hU»r r# |Sn v Uft« Cn ‘ ■ *99 W
TrY? rlc’ and l,enJ->t., trustees.
forextenstonC3 &nd $150,000 for usc to aid In refunding and $10,000,000 Vlti^e. Abstract In V. 6b, p. 522; V. 78. p. 228* V 80 p 472
T.he collateral trust gold 4s of 1002 (S24 000,000 authorized) are secured
by deposit of all stock of Choc. Okla. & Gulf RR. V.74, p 775,829 936, 1356.
Basis of Exchange of Old Securities for New
For Each Old.
out'
Ref. 4 Ms.
If Pay
New Stock REFUNDING 4% BONDS OF 1904 ($163,000,000 A UTHORIZED ISSUE>
* 1’ ?Ro S0” 80.1’ M- b d s ..*2 .000,000
•*500 00
*625 00
1 nen Overdue coupons
100,000
lst deni (®*ther directly or through pledge of entire Issues of bonds of
*50 00
62 50
the companies owning the same) on terminal property In St. Paul and
F q ' * car- trusts
181,000
1,000 00
1,000 Income M. bonds 2,000 000
Minneapolis, new equipment and shops at Sllvis, near East Moline, 111. and
*1 0 0 00
100 00
400
00
100 Preferred stock. 3,750,000
7 00
7 00
24 50 on railways aggregating 1.155 miles; also a junior lien subject to existing
100 Common stock .. 3.600.00Q
3 00
3 00
9 00 mortgages on all Cue outer lines of tin; syst.-m of tne Railway company, agInterest on these bonds reduced to 3% for first six years.
f
°iTiefl3e9d9 nLne-i3r XX*1 traclfako. 5.082 miles. J o e V . 78,
V
p. 228. 234; V. 79, p. 17 16 . 2206; V. 84, p. 219; V, 85, p. 98; V. 85, p, 1478
RAILROAD COMPANIES
[For abbreviations, &c., see notes on first page]
Miles Date
Road Bonds
Ch cago Rock (stand & Pacific (C o n c lu d e d )—
Coll tr A1 g SerH to P duo yearly red 101 14__ Ce.c*
Ref M S163.000.000 gold red 105 to 1911-.Ce c*Ar Text
Cedar Rapids I F & N W first mtge gold guar.-Ce.c
292
998
12
113
Choc O & G general (now 1st) M 55,500 .000 g_c*A r
371
Choc A Mem 1st M 53.750,000 assumed-.GP cAi
282
L Rock Bridge 1st M assumed gold red (text) GP.c*
335
Consol mtge (see text) 530,000,000 g o ld -..G P .c*
308
R I A A L 1st M $30,000,000 g gu red 105 Ba.xc* Ar*
2nd mtge-guar jointly as to principal only.
■oulp notes due 5325.000 semt-an (V. 84. p.3l
do ser B, due 560,000 s a _________________
__
_
___
Chicago St Paul Minn & Omaha— Common stock-----
__
...
177
607
80
37
consols Interest r e d u ce d -...
Ill
T 1st M 530,000.000 g red 105
60
Chicago Dock M assumed red 105 (V 68 p 3 3 3 ) _____
Notes secured by 2d M Chic Dock _______________
Chicago Terre Haute & S E— Stock $5,500,000_____
■ Bedford Belt first mortgage____________________
• Southern Indiana 1st M g (see text) closed M .QPc
• 1st and ref M $20,000,000g call 107)4___ ICxc’ Ar
$1,000 $11,952,000
1902
1904
500 Ac 89,948,000
1.905,000
1,000
1881
1884 1,000 Ac 11,000,000
150.000
500 Ac
1877
450 ,000
1885 1,000 Ac
5,500.000
1894
1,000
3,525 000
1899
1 000
1.000
215,000
1899
1 .000
5,411.000
1902
1910
100 Ac 11,000,000
1907
1,000
3,000 000
1,000
1007
944,000
1907
1.000
280,000
1907
1 000
3.900,000
1907
1,000
300,000
1909
1,000
4,770,000
1910
1,000
6,525,000
1904
1,000
7 >0 000
1905
1,000
2,500,000
____
____
1878
1879
1880
1890
1880
1880
1910
190 3
1908
1899
4 1898
228 1901
359 1910
100 Ac
When
Payable
M
4g
4g A
A
5g
5g A
7g J
6
J
5g J
5 g ,1
6g J
M
5g
4H g M
5 g .1
4 g .1
5
.r
F
4H
6
A
4J* g A
4H g M
A
5g
5g J
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
Last Dividend Places Where Interest and
and Maturity
Dividends are Payable
N May 1911-1918
O Apr 1 1934
() Oct 1 1921
O Apr 1 1034
1) June 1 1027
.1 July 1 1925
J Oct 1 1919
.1 Jan 1 1949
J July 1 1919
N May 1 1952
S Mch 1 1934
J Jan 1 1927
J Jan 1 1937
J 2007
A Aug ’11-Feb ’ 17
o Apr ’ 11-Apr '13
o Apr ’ 11-Oct ’ 19
N May'11-May ’25
o Oct 1 1924
D June 1 1935
First National Bank N Y
do
do
do
do
do
do
do
do
do
do
do
or Phlla
do
or Phlla
First National Bank, N Y
„
do
or Phlla
New York, London, Ao
New York and St Louis
First National Bank, N Y
do
do
do
do
Harvey Fisk A Sons,NY
First National Bank, N Y
•
do
do
First Tr A Sav Bank Chic
Guaranty Trust Co N Y
18,559,086 7 In 1910 F A A Feb|20 1911,3 Vi Office 111 B’way N Y
11 .259,91 1 7 In 1010 F A A Feb20 1911,3 >4
do
do
1,240,000
M A N May 1 1918
6g
do
do
6,070,000
A A O Apr 1 1019
3g
do
do
631,000
6
J Jan 1 1930
J
do
do
350 .000
5
M A N Nov 1 1915
do
do
16 449,000
6
J A D June 1 1930
do
do
3,734,000
3H J A D June 1 1930
do
do
1,000
3,000,000
5
A A O Apr 1 1912
Nat City Bk, N Y & Ohio
1,000 See text
5 g .1 A 1) Dec 1 1028
June 1909 coup last paid
1,000 Ac See text
5 g J A D Junel 1928
June 19u8 coup last paid
665,000
A A O 1929
4g
Northern Tr Co Chicago
333.750
J
J July 1 1909
4
4,300,000
350,000
5
.1 <fc J July 1 1938
1,000
7,537,000
F A A Feb 1 1951
4g
1,000 Ac
3,100,000
5 g J A D Dec 1 1960
New York City
6,500,000 See text. See text. Dec 11960
New York or Chloago
CHICAGO ROCK ISLAND & PACIFIC RY. (Concluded).
Balance surplus--------------------------$1,004,609
$2,236,212
$798,516
OFFIC E R S— Pres., H U. Mudge: Vlce-Pres., Sec. and Treas.»
Geo. II. Crosby, Chicago; Vicc-Pres., H. M. Sloan; Asst. Sec. and AsstTreas.. J. J. Quinlan. N. Y. office, 115Broadway.— V. 90, p. 1170, 1362.
1424, 1675; V. 91, p. 711, 1095, 1154, 1181. 1629, 1766.)
•
C H I C A G O ST. P A U L M I N N E A P O L I S & O M A H A R Y . — (See Map Chi
cago <k North Western.)— ROAD.— Elroy, Wis., to Omaha, Neb., 593 miles’
other lines, 1,146 m.; total July 1 1910, 1,739 miles, of which 1,669 are
owned and 70 miles leased. V. 69, p. 1147.
HISTORY.— This was a consolidation July 1880 of the Chicago St. Paul
A Minneapolis, the North Wisconsin and the St. Paul & Sioux City.
In November 1883 Chicago & North Western Ry. purchased control,
viz.. $9,320,000 common and $5,380,000 preferred.
STOCK.— Authorized common. $21,403,293; preferred, $12,646,833.
Held by the company June 30 1910, common stock and scrip, $2,844’,207preferred stock and scrip, $1,386,921. Preferred stock has a prior right
to non-cum. dividend of 7% , but com. Is never to receive more than pref.
DIVS.— 1 ’ 03-’06 ’97. ’ 98.. 99. '00. '01. ’02. '03. ’04. ’05-'10. 1911
Com. — % ) None.
2 2
3H 5 5 8 6 6
7 y ’ly. F c b ., 3 H
P r e f----— J---------------- 7 per annum (3M F. & A .)----------------------------- -—
BONDS.— There are $1,500,000 Superior Short Line R y. bonds which
are owned. Chicago St. Paul A Minneapolis first 6s, due 1918, and North
Wisconsin first 6s, due 1930, are exchangeable at option of holder at any
time, $ for $, for consol. 6s of 1880 , due 1930. V. 68, p. 521; V. 77, p.2389.
EARNINGS.— 5 mos., (1910...........Gross, $7,515,062; net, $2,835,667
July 1 to Nov. 30.
J1909...........Gross, 6,688,690; net, 2,458,132
REPORT.— Year ends June 30. Report for 1909-10, V. 91, p. 786.
m
1909-10.
1908-09.
1907-08.
Total operating revenue
................ $15,095,023 $13,524,650 $12,840,369
Operating expenses and taxes............. 10,571,958
9,474,108
9.106,121
$4,050,542
$4,173,606
1,602,773
308.593
1,298,934
787,976
Rate
%
100
100
500 Ac
1,000
1.000
1.000
1 000
1,000
Of the $89,948,000 of these bonds outstanding In July 1910, $30,818,000
had been Issued for refunding purposes, $15,000,000 to reimburse treasury,
$24,130,000 for acquisition of property or securities and $20,000,000 for
Improvements. Of the remaining $73,052,000 bonds authorized, $51,207,
000 were reserved for underlying bonds, $13,500,000 to pay for 75% of
the purchase price of bonds of other cos., and the $8,345,000 balance for
Improvements and acquisitions of other properties or securities. In Oct.
1908 $9,000,000 sold, in Mch. 1909 $3,486,000, In Aug. 1909 $1,494,000
and In Jan. 1910 $3,500,000, in April and May 1910 $2,696,000 and in
Dec. 1910 $3,750,000, making $89,948,000 outstanding as above. V. 87,
p. 1089, 1419; V. 88, p. 623, 822; V. 89, p. 666; V. 90, p. 108, 236, 1170,
1424; V. 91, p. 1766. Peoria Ry. Term, first 4s ($1,500,000 auth. Issue),
guar, jointly with Chicago & Alton, arc subject to call at 102 )4 after July 1
1916; also jointly guar. $280,000 2d 5s as to principal only. V. 85, p. 159.
As to Chic. R. I. A Pac. Elevator mtge., see V. 70, p. 2590; V. 82, p. 750.
As to Consol. Indiana Coal 5s, Interest guar., see V. 80, p. 2401, 2623;
form of guaranty, V. 82, p. 1499. Rock Island-Frlsco Terminal Ry. 5s,
guaranteed Jointly. V. 84, p. 569, 748.
ROCK I. ARK. & L A. 1ST M . 4 J4.S, OUAR. P . & I., $30,000,000 AUTII.
Secured by a direct first lien on 308.18 miles, with trackage rights over
37.89 miles and on equip, worth about $1,600,000. Of the remaining
bonds, $10,000,000 are Issuable for new mileage at actual cost, not exceed
ing $30,000 per mile, and $9,000,000 at cost of additions and betterments to
properties on which the mtge. is a first lien. V. 90, p. 626, 699, 1161.
LATEST EARNINGS.— f 1910___ Gross, $30,475,548; net, $9,231,668
5 mos., July 1 to Nov. 30.11909___ Gross, 29,651,036; net, 10,077,074
REPORT.— For fiscal year 1909-10, in V. 91, p. 1154, 1181; also edit,
p. 1132.
‘
Year ending June 30—
1909-10.
1908-09.
1907-08.
Average miles______________________
8,043
8,026
7,969
Total operating revenue_____________ $66,220,579 $61,184,887 $58,484,197
Operating Income (after taxes)_______$15,274,509 $16,400,527 $14,558,122
Total net Income...........
15,497,741
16,611,998 14,686,750
Interest and rentals________
10,749,860
10,445,767 9,968,053
Dividends............................................. 3,743,272(5 H)3930019(5K)3929785
Net operating Income....................... $4,523,065
Total net Income................................. $4,665,660
Interest on b o n d s .............................
1,611,567
Rentals and miscellaneous.................
438,808
Dividend on common stock (7 % )___
1,298,934
Dividend on preferred stock (7 % )__
787,076
Amount
Outstanding
Par
Value
$3,734,248
$3,950,764
1,579,047
266,663
1,298,934
787,976
Ghleag:0 Sijbwa.y’ <3o., to complete the telephone system, opened Oot.
^ about 20,000 subscribers. Should this be Increased to, say,
30,000 subscribers by April 1910, a new issue of $5,000,000 certificates will
probably be made to redeem the certificates and for further extensions. No
further issue of receivers’ certfs. can be made without providing for payment
of this Issue. V. 90, p. 771, 848; V. 91, p. 462. It Is proposed to reorganize
the enterprise and place It In position to bo operated profitably. V.89,p 1482.
Reorganisation Committee.—William Stewart Tod, Henry W. de Forest
and L. C. KrautholT represent all classes of securities of the Chicago Subway
Co., Illinois Tunnel Co. and Chicago Warehouse Co., being chosen by a
large majority of each. V. 89, p. 1482, 1541.
In Dec. 1309 Sutro Bros. A Co. requested holders of Illinois Tunnel bonds
to communicate with them to protect their Interests. V. 89, p. 1542.
STOCK.— The authorized stock Is $50,000,000, of which $5,018,800 re
mains In the treasury unissued; par value of shares, $100.
BONDS. In 1908 It was arranged to exchange per plan V. 86, p. 1284,
1467, the outstanding $17,000,000 Illinois Tunnel 5% bonds for Chic. Sub.
20-ycar a o first lien bonds secured bv denoslt of the Tunnel bonds, the
stock of the Tunnel Co. and by other property, Including the subway com
pany s interest In the stock of the Chicago Warehouse & Terminal Co. Of
the bonds, $15,870,000 flrst lien bonds had been Issued In Mch. 1910 In
exchange for Illinois Tunnel bonds. $1,105,000 were in the hands of the
public and the remaining $13,025,000, with $6,000,000 Chicago Subway
en b,on(l3' yvere pledged as collateral for floating debt. V. 87, p. 166;
V. 88, p. 100. Chicago office, 1779 Monroe St.— (V. 91, p. 462.)
CHICAGO TERM. TRANSFER RR.— See Balt. & O. Chicago Term. R R .
■CHICAGO TERRE HAUTE & SOUTHEASTERN R Y. — (See M ap.)—
Chicago Heights, 111., via Terre Haute to Seymour, Ind., 271.66 miles;
Westport branch, Seymour to Westport, 26.45 miles; Sullivan branch,
Blackhawk to Sullivan, 18.48 m.; Bedford to Oolitic, 4.19 m.; other
branches, 38.09 m.; total, 358.87 miles. Incorp. In Indiana and Illinois
as successor to the Southern Indiana Ry. and the Chicago Southern Ry.
(both foreclosed), per plan V. 91, p. 337, 333. Possession taken Jan. 1
1911 (V. 92. p. 59).
STOCK.—/The $4,300,000 com. stock, except shares necessary to qualify
directors, have been placed In.a voting trust until Deo. 24 1920, unless
sooner terminated, as provided In the agreement. R oy C. Osgood, Frank
F. Taylor a id Geo. A. Jackson, voting trustees.
■ • •
BONDS.4-The new "first and refunding mortgage” will secure not ex
ceeding $20,000,000 50-year gold bonds, covering as a flrst lien the road
and most of the equipment owned by the Chicago Southern R y., and as a
general mtge. the Southern Indiana R y.. subject to the Southern Indiana
1st M. ($7,537,000). They will be Issuable as follows:
Issued to provide cash requirements of plan, replacement of
receiver’s capital expenditures since May 15 1910, A c________ $3,100,000
Issuable for corporate purposes, but not over $500,000 before
July 1 1911....................................................................................... 1,500.000
Reserved to retire 1st M. bonds of Southern Indiana R y ________ 7,537,000
To retire 1st M. 5% bonds of Bedford Belt R y . . ...........................
350,000
Remainder, Incl. any not needed for above purposes, under
careful restrictions for extensions, betterments, A c...................7,513,000
The Income bonds will bear Interest at 4% for 2 years and 5% thereafter,
such Interest to be cumulative after two years from date and payable for
flrst two years out of net earnings to the extent that the board shall deem
warranted, and In subsequent years from net earnings determined as pro
vided In the mtge. The Incomes will have at all stockholders’ meetings
one vote for each $100 par value, the conditions and manner of casting
such votes being stated In the Income mortgage.
The Southern Indiana 1st M. 4s (limited to $7,537,000 outstanding) are
secured by a lien on all road and equip, owned by the Southern Indiana on
July 1 1910, and a lien on the Bedford Belt R y. second to the mtge. now
thereon, and a flrst lien on every extension or branch from the road for
merly belonging to the Southern Indiana not exceeding 10 miles In length,
now or hereafter constructed. See V. 91, p . 1769.
RECEIVER’S REPO RT, OLD COS.— For year ending June 30 1910:
Sou. Ind.
Chic. Sou.
Total.
Gross earnings (Incl. other Income) . . $1,604,528
$464,165 $2,068,693
Net earnings.........................................
662,827
220,407
883,324
Fixed charges (under foregoing plan of reorganization), namely.
Interest on Sou. Ind. 1st M. 4s, $301,480; on $2,500,000 new
1st A ref.” 5s, $125,000; Bedford Belt Ry. 1st 5s, $17,850, and
taxes, est. on basis of last year, $101,356 ................................... $545,686
4% on Income bonds_________ _______________________
260,000
Surplus after new charges and Income int. (V. 91, p. 337)___
$77,638
Pres., Myron J. Carpenter: Treas., E. F. Young, Grand Central Sta
tion, Chicago, Ills.— (V. 91, p. 1766, 1448.)
Net surplus for year.........................
$528,375
$175,330
$18,144
CHICAGO & WESTERN INDIANA RR. — Owns a valuable terminal
— (V. 89, p. 162, 775, 1141; V. 91, p. 786. 1160; V. 92, p. 186.)
system of roads affording entrance Into Chicago to the roads named below;
CHICAGO SOUTHERN RY.—See Chicago Terre Haute & Southeastern. Its lines extend from Dearborn Station. Polk St., Chicago, to Dolton. 17 m.,
. CHICAGO SUBWAY CO.— Incorporated In New Jersey Nov. 21 1904 also to Indiana State line, 10 m., to Cragln, 16 m., and to South Chicago, 5
h°lds an but $2,600 of the $30,000,000 authorized and outstanding m.; total, 48 m.; total track, Including 2d, 3d. 4th tracks and sidings, 260
Illinois Tunnel Co. and of the stocks of the Illinois Telephone m.; also owns over 1,200 acres of real estate, passenger and freight yards,
Y,a«reh,<?uses.’ <ei!ev™ ?rs’ . * c - The ne,t Ry- of Chicago leases and operates
construction Co and the Chicago Warehouse A Terminal Co.
i 11”! e8.i?* tbe 30P miles owned by the Ch. & W. I., Its securities being all
<.niiiV.no i n°i^ Tunnel Co- had completed, Oct. 1908. 58 miles of tunnel held
by the companies leasing the Chicago & W. I.; see V. 60, p. 1058.
trnnafoo
» i narrow-gauge electric motors and cars, designed for the
p £ ass®“ ? er station. V. 89, p. 162.
m m » n ? S ^ between the various railroad terminals In the City of Chl- Pr????^d
l e a s e s .— T his company’s road and terminals are leased under per
these terminals to and from the downtown business district petual contracts to the Wabash, the Grand Trunk West., the Chicago A
Ing thn
8 ' S ?r0Uo -3’ u Is stm engaged In developing and extend
Eastern Illinois, the Chicago A Erie and the Chicago Indianapolis A Louis
fin D ec 1 TanaS<eu „Y -< 8 6 ' p ’ ? 20; V ’ » 7 . P- 1357.
ville, each of which five companies owns $1,000,000 stock. They are also
reivers were »nnnint u,i J cr!lst on the flrst 1,en bonds was defaulted and re leased to the Atchison, the Elgin Joliet A Eastern and Belt Ry. Annual
S
n h K
i f0I ‘ he controlled properties, the Illinois Tunnel Co. rental must always exceed at least 20% Int. on bonds outst. V. 78. p. 819.
a .Y 1? 1™ 1 Co. (David R. Forgan and Charles G.
Dawes Tor the former and Edwin A. Potter for the latter). In Feb 1910
DIVIDENDS.—
P05. '96. ’97. ’ 98. ’ 99. ’ 00 to D eo.’ 10.
foreclosure suit was brought under the 111. Term mtge of 1913
P ercen t.................................... J7H
6
6
6
6
6 yearly.
In 1910 $3,000,000 of auth. Issue of $3,500^00T y e i r recelvers’ certfs.
BONDS.— The general mortgage bonds arc drawn at 105 and Interest la
were sold, secured by a flrst lien on all the property of the 111. Tunnel Co. such annual amounts as will retire the debt by maturity.
When
Payable
Last Dividend Places Where Interest and
Dividends are Payable
and Maturity
Amount
Outstanding
Rate
%
$100 $5,000,000
Chicago & Western Indiana— Stock (see te x t). 7,436,667
1,000
48 1882
General mortgage gold sink fund subj to call 105.c*
l.OOOAo 35,984,000
1902
Cons M $50,000,000 g .................................... IC.o**r
Chicago & West Michigan— See Pere Marquetto RR
Chicago Wisconsin & Minnesota— See Wisconsin Cent
2.360,000
1,000
180 1905
Chihuahua & Pacific— First M gold............ ............Ma
Choctaw & Memphis— See Chic Rock Island & PacRy
Choctaw Okla & (lulf RR— See Chic Rock I ft Pac Ry
As collat.
1,000
62 1903
Cincinnati Muff ton & Chicago— 1st M $1,500,000 g.c*
Cincinnati Dayton & fronton— See Clncln Ham & Day
1,150.000
1,000
91 1903
Cincinnati Find & Ft W— 1st M g guar end red-.N c*
8,000,000
100
. - Cincinnati Hamilton & Dayton— Common stock------248,575
Pref,5%(remaln’g $7,751,425 canceled; VOl.p 1092)
2,000)000
1,000
*59 1887
Second (now llrst) mortgage gold.......................Fc*
3,000,000
1,000
59 1892
General mortgage $7,800,000 gold---------------Me c*
1,200 ,000
1,000
95 1892
Cincinnati Dayton & Chicago first mtge gold_____N
3,500,000
1,000
1fi7 1891
Cln Day & Ironton 1st M g guar (assumed)__ Ce.c*
300,000
1,000
13 1887
Cincinnati ft Dayton 1st mortgage-------------- -------300,000
1,000
14 1889
Toledo Findlay ft Springfield 1st M................ ........
$ & £ b l4 .500.000
All 1909
1st St ret M $75,000,000 auth, part gu_Bax.c*&r
c20.000.000
1909
All
General mortgage $20,000,000 redeemable text_.Ce
1,000 d l l , 557,000
1908
Coll tr pur m notes $11,557,000 g gu p&l redparCe.xc
594,000
1,000
1905
Car trusts gold $54,000 due s-a begin Oct ’06..C e-c
*
*
“
1 .000
736,000
1904
Car trusts $92,000 due semi-annually_____________
1,000 2,204,000
1910
Car trusts Ser A due $116,000 seml-ann...............Ba.
2,220,000
1,000
Ind Dec ft W 1st M gold red loot guaranteed..Ce 1 262 (1895
933,000
1,000
11895
at 110----------------------------- (guar p & 1 (end)___ e 1
4 722.000
1,000
361 1902
C I St W 1st ft ref M $8,200,000 g gu p & 1end-.Ta
2,728,000
1 000
142 1881
Dayton St Michigan ft st mortgage guar p St 1e n d -.c
250,000
1,000
0 1899
PIqua & Troy 1st M $250,000 gold guar p St 1------c
1,150,000
1,000
91 1903
Cincinnati Find & Ft W 1st M g guar end red.-N o*
Cincin & Ind Western— See Chicago Clncln & Loulsv
Cincinnati Indianapolis & Western— See Cincinnati H amllto n & D ayton
100
804,500
Cincinnati lnter-1 ermmai RR— 1st pref stk (see text) Text
1,000
200,000
38 1886
Cincinnati Lebanon & Northern— First mortgage— c
1,255,000
1,000
52 1902
1st con M $1,500 000 g gu p ft 1end (V 75 p 1398) .c*
1
000
1,750.000
148
1898
Cin & Musk Val— 1st M $2 ooo non g gu p & 1end F.c*
lncl. Oct 31 1910 b $2,990,000 In treas. and $2, 333,00 0 coll f or tempo rary loans;
d $1
1908. c $2,064,000 In treas. and $300,000 coll, f or tern porary 1 oan.
6
6g
4g
J
6g
J
ft
J Jan 1 1955
Office 80 Broadway, N Y
6g
M ft
S Sept 1 1933
Sept ’ 08 coupon not paid
RAILROAD COMPANIES
[For abbreviations, &c., see notes on first page]
Miles Dale
Road Bonds
Par
Value
Q - -M 31 Dec31 1910 I X Chicago
— M Dec 1 1932
J P Morgan & Co N Y
ft J July 1 1952
111 Tr & S Bk, Ohio; ANY
J P Morgan ft Co. N Y
4 g M ft N Nov 1 1923
Text
Dec 24 1903 2 % Cincinnati
See text
4 X KJ
5g J
4
A
5g M
4X j
A
6
4
J
See text See
4g J
4X g A
4X g A
5
J
5g J
5g J
4g J
5
.1
4g M
M
4g
4
5
4g
4g
there Is a
9,000 tor
1 1937
ft J
_3 1 1042
ft D
& O
ir 1 1942
ay 1 1941
& N Ma
& J
& O
& J
text
St J
& o
ft o
& D
1 1935
& J
1 1935
& J
1 1953
& J
1 1911
& J
& N
& N
J P Morgan & Co N Y
do
do
do
do
do
do
do
do
do
do
J P Morgan & Co, N Y
do
do
Central Trust Co, N Y
J P Morgan ft Co, N Y
R Wlnthrop & Co N Y
J P Morgan & Co, N Y
Central Trust Co N Y
do
do
P Morgan & Co N Y
.1 P Morgan & Co N Y
Un Sav Bk & Tr Co., Cln
J P Morgan Sc Co. N Y
& A
<5c j
M & N ___ 1 1942
F & A Aug 11948
Iso $13,0
cure rem
Cincinnati
Central Tr & S D Co Cln
Farmers’ L St Tr Co N Y
Fanners’ L & Tr Co N Y
er purch. money notes of
g 4s of 1904.
F
J
l REPO RT.— Report for year ending June 30 1910 In V. 91, p. 1091.
Year ending June HO—
1909-10.
1908-09.
1907-08.
Miles operated.......................................
1,036
1,036
1.038
$7,897,047 $8,011,483
Gross earnings_____________________ $9,446,524
Net Incom e____________
1,554,228
1,131,078 1,145,955
Deduct interest on b o n d s ..............
1,786,899
2,206,176 2,217,262
Interest on bills payable, A c_______
128,004
246,577
234,522
..........
359,588
370,247
368^073
Rentals...............................
Balance, deficit, for year.................
$720,263" $1,691,922 "$1,673,902
OFFICERS.— Chairman of Board, Daniel Willard; President. William
Cotter; VIce-Pres., J. L. Cramer; Sec. and Treas., F. M. Carter; Asst.
Sec., C. W . Woolford.
Directors— Oscar G. Murray, L. F. Loree, Geo. F. Randolph, William
Cotter, Geo. W. Perkins, Charles Steele, Frederick W. Stevens, George F.
Baker, Daniel Willard, Joseph Wood, E. R. Bacon, Henry F. Shoemaker;
F. D. Underwood, Harry Bronnerand Norman B. Ream.— (V. 91, p. 1095.)
C I N C I N N A T I B L U F F T O N I & C H I C A G O R R . — See page 169.
■ ■ •
CINCINNATI INDIANAPOLIS & WESTERN RR.— Hamilton. O.. to
C I N C I N N A T I F I N D L A Y & F O R T W A Y N E R Y . — Owns Findlay. O to
Springfield, 111.. 284 miles; Sldcll, 111., to West Liberty. 77 miles; trackage,
Ft. Wayne, Ind., 80 m ; also connecting link with the Cln. Ham. & D. from West Liberty to Olney, 8 miles. A consolidation Sept. 1902. V. 75, p
Delphos to Mandale, 12 m ., completed Oct 15 1904. V. 77 p. 88. 694, 239,289,497,732. Stock authorized, $8,200,000; Issued, $7,115,800; all
Leased to Cln Ham. Sc D. for 99 years from Nov. 1 1903, with privilege of owned by C. H. A D., which received dividends thereon In 1902-03, $126,798;
renewal for like periods forever. V. 78, p 286. Stock, $1,250,000, all In 1903 04, $107,322; In 1904-05, $156,095.
owned by the Cln Ham. & D.. which guarantees bonds, prln. and Interest.
BONDS.— The "first and refunding" 4s of 1902 ($8,200,000 authorized
Mtge. Is limited by special agreement to $1,150,000, or about $12 500 per Issue) are guaranteed, principal and Interest, by C. H. & D. by endorse
mile. Bonds are subject to call at 102 X and Interest. V. 78. D. 286, 342, ment. V. 75, p. 1201, 1335; V. 77. p. 1290. Guaranty. V. 78. p. 2011.
701, F o r m of guaranty, V. 78, p. 701.— (V. 90, p. 697.)
The I. D. & W. bonds are redeemable by lot at 110 at any time on eight
weeks’ notice: $933,000 are guaranteed by Cln. Ham. & Dayton. Car
C I N . G E O R G E T O W N & P O R T S . R R . — See "ElectricRailway Section.’
trusts June 1910, $36,000 4% equipment notes, due semi-annually to Nov. 1
C I N C I N N A T I H A M I L T O N & D A Y T O N R Y . — The system Includes;
1911 lncl.; Int. Ivi.AN’. at Blair & Co.. N .Y .— (V.88. p.451; V.89. p. 469.)
Road owned—
Miles.
Proprietary roads—
Miles.
CINCINNATI INTER-TERMINAL RR.—See page 169.
Cincinnati to Dayton, O ---------- 59 Cincinnati Ind. & Western------*361
Dayton to Ironton, 0 ................. 165 Cincinnati & D ayton .-------------- 13
CINCINNATI LEBANON & NORTHERN RY.— Owns Cincinnati, O .,.to
Dayton to Delphos, O -------------- 95 Columbus Findlay & Northern.. 18 Dodds, 38 miles. Including 6 miles from Lebanon to Dodds, leased to the
Trackage----- -------------------------- 62 Bowling Green R R ------------------- 19 Dayton Lcb. & Cln. R R .; Middletown June, to Middletown, O.. 14 miles
Roads leased— (*Seethls Co.)
PIqua & Troy Branch_________
8 (former Mid. ft Cln. R R .. taken over Jan. 1 1903); total, 52 miles. Stock
Dayton St Michigan.................... ♦142 Clncln. Find. & Ft. Wayne — *91 authorized. Sl,500.00<>: outstanding $l,in o,ooo, mostly owned by IVnn.
Home Avc. R R ---------------------3
Co. V. 75, p. 980. Dividend of 3% paid In 1906 and 1909. Of the $1.
Total of all................................. 1,0 36
500,000 first cons. 4s of 1902, guar. prln. ft lnt. by the Pennsylvania Com
Owns $11 000,000 Pere Marquette RR. stock; also owns Dayton f t Union pany, $200,000 are reserved to retire the 5s due 1916. V. 77, p. 86. Cal.
Jointly with Clev. Cln. Chic & St. L. and Jointly with Southern Ry. controls year 1909, gross, $351,840; net, $101,729; other inc., $39,108; charges,
Cln. New Orl. Sc Tex. Pac. Ry
V. 75, p. 978. .
$74,553; dlvs. (3 % ), $33,000: sur., $33,284.— (V. 77, p. 86.)
ORGANIZATION.— The company resumed possession on Aug. 19 1909,
C I N C I N N A T I & M U S K I N G U M V A I . L E Y RR.— (See Maps of Pennsyl
the finances having boon readjusted without foreclosure per plan of June vania RR.)— Owns Morrow, O., to Trlnway, O., 148 miles; half Interest
1909 (V. 88, p. 1436, 1498). Under the plan the management of the system Zanesville Terminal R R ., 5 miles. V. 77. p. 86
was taken over by the B. Sc O . R R ., and the ownership of the controlling
Of the bonds, $250,000 are reserved for future needs: sinking fund retires
stock Is to be acquired by that company at the end of 7 years from July 1 yearly 1 % of those outstanding. If offered at par or less. The Penn
1909 at a price then to be fixed by arbitrators; during the 7 years said sylvania Company guarantees the bonds, principal and Interest. See
controlling stock Is to be vested In three voting trustees, one to be President form of guaranty, V. 76, p 653. Stock. $2,000,000, all owned Jan. 1 1910
by the Pitts. Cln. Chic, ft St. L. Rv. Dividends: 1900,6% : 190' to 1906,
for time being of B. Sc O.
BONDS, Ac.— 'The holders of 4 X % notes ($15,000,000 received for each lncl., 2% yrly.; 1907 and 1908, 4% ; 1909 and 1910, 5% . Penn. R R . owns
$1,000 note and Its coupons $60 In cash and $1,000 of new gen. mtge. bonds $1,318,000 of the $1,750,000 bonds. Car trusts. $67,200 3 X s. payable $22,
(total Issue $20,000,000), to draw Interest as follows: 4 X % dependent upon 400 yearly,
Yr end. Dec. 31— Gross.
Net Inc. Interest.
Dividends. B alance.
Income until July 1 1911: then 1 % fixed and 3 X % dependent upon Income
until July 1 1914; then 3% fixed and 1 X % dependent upon Income until 1909 ........................ $928,011 $244,782 $70,000 (5%)$100,000 $74,782
1908
................... 783,888 205,719
70,000
(4%)80.000
55.719
July 1 1916: thereafter 4 X % fixed.
— (V. 82. p. 1494.)
1. First and Refunding Mortgage dated July 1 1909, Auth. Issue, $75,000,000.
C I N C I N N A T I N E W O R L E A N S & T E X A S P A C I F I C R Y . — (See Map of
Covers all the railway, all leasehold rights, all stocks of operated lines and
all property acquired by use of said bonds. (See V . 88, p. 1498; V. 90, Southern By.)— Operates Cincinnati Southern R y., owned by city of Cin
cinnati, Cincinnati to Chattanooga, Tenn., 335 miles; trackage, 2 miles, in
p. 771.) Amount Issued $27,500,000, viz.:
Jan. 1903 the entire stock of the Harrlman & Northeastern R y.. 20 rrlles.
(a) To pay or adjust Indebtedness due and accrued___________$7,500,000
was acquired, but road Is operated separately. V. 77, p. 1743.
(&) For Improvements now needed......... ........................................
5,000,000
In 1901 lease was extended 60 years to Oct 12 1966; rental until Oct. 12
(c) For necessary working capital.................. .................................. 2,000,000
1906 was modified beginning July 12 1902 to $1,050,000 yearly, the remain
(d) For collateral to $11,557,000 4 % purchase money notes - 13,000,000
ing $50,000 per quarter to be deferred as It acciues and to be paid quarterly
Reserved for future use. $47,500,000, viz.:
at rate of $40,000 yearly, with Interest on deferred payments at 3 %; rental
(e) For additions. Improvements and betterments...................... 23.721,000
under renewal to be $1,050,000 yearly for first 20 years, then $1,100.000 for
If)
For refunding underlying bonds__________________________ 23,779,000
20 years: thereafter $1,200,000. V. 73, p. 722; V. 74, p. 1251. Pref. stock,
The bonds specified above as lb) and (c) and $5,500,000 of those named has prior rights on dissolution, but no voting power. V. 74, p 528, 829.
as (a) are guaranteed, prln. and lnt., by the Baltimore & Ohio RR. Co.
D IV ID E N D S—
11903. 1904. 1905. 1906.
1907-10.
Under supplemental agreement dated July 1 1909 (V. 89, p. 469) $11,
2
5
5 X 5 (2 ^ J .4 D .)
557,000 4% purchase money notes dated 1908 and due July 1 1913 (of On common, % .......................... j 2
STOCK.— Common, $3,000,000, controlled In Interest of Southern Ry
which a small amount Is reserved to retire outstanding refunding 4s of 1904)
are secured by pledge of $13,000,000 new “ first & refunding” 4s. These and Cincinnati Hamilton ft Dayton Ry. V. 61, p. 26; V. 65, p. 1173.
notes arc guar, by the B. & O. Sec form, V . 89, p. 918. The refunding
LATEST EARNINGS.— J1910___ Gross, $4,001,133; net, $1,610,285
mortgage bonds are to be canceled.
3,684,756; net. 1,357,954
5 mos., July 1 to Nov. 30.11909___ Gross,
2. General Mortgage (see table at head of page)— Total Issue, $20,000,000.
ANNUAL REPORT.— Report for year ending June 30 1910 was In
The fixed Interest on the general mortgage will be payable Jan. 1 and V. 91, p. 1246, showing: Gross, $9,079,452: net, $3,312,269; other Income,
July 1, and the Interest dependent on Income (non-cumulatlve) will be $291,987; Interest, rentals, Ac., $1,406,732; Improv’ ts, $1,475,959; dlv.
payable Nov. 1 yearly. Of the generals, $15,000,000 were Issued In ex on pref. (5 % ), $122,670; dlv. on com. (5% ), $150,000; bal.. sur., $448,895.
change for the 4 X % notes, the remaining $5,000,000 for floating debt, Ac.
In 1908-09, gross, $7,820,982; net, $2,507,299.— (V. 91, p. 1246.)
In consideration of the undertakings of the B. & O ., the present bonds
C I N C I N N A T I N O R T H E R N R R . — (See Map Cleveland Cin. Chicago & St.
Issued under the general mortgage are to be subject to call on any July 1 Louis.)— Owns Franklin, O., to Jackson-, Mich., 208 miles; trackage (C. C.
prior to July 1 1916. for exchange for new 4% bonds secured by the gen.
C.
& St. L .), Franklin to Cincinnati, 38 miles: at Jackson, 1 mile. On Jan. 1
mtge. and guar, by the B. A O. as to prln. and lnt. The present bonds are 1910 Clev. Cln. Chic, ft St. L.owned $1,707,400 of the $3,000,000 stock
also subject to call for payment at par and accrued lnt. and the 4% guar, and'$581,000 bonds. Dividends on stock, 3% . paid March 1 1910 and 1911
bonds are to be at 103 and accrued lnt. on any Jan. 1 or July 1.
In year ending Dec. 31 1909, gross, $1,177,691; net Inc., $264,456; charges,
During July 1916 (or sooner, In case of earlier acquisition by B. & O.
$114,770; dlv. (3% ), $90,000; bal., surp., $59,686. For 11 mos. ending
of the controlling stock) the B. & O. will, upon demand, unless said gen.
Nov. 80 1910, gross. $1,187,335, against $1,081,794 In 1909; net, $250,297,
mtge. bonds shall have been sooner redeemed, at Its option either (a) pay
against
$248,766. Pres., W . C. Brown.— (V. 90, p. 697.)
85% In cash and Interest for said bonds or (b) Issue In exchange therefor a
C I N C I N N A T I R I C H M O N D & F O R T W A Y N E R R . — Owns from Rich
new 4% bond secured by said gen. mtge. and guar. prln. and lnt. by the
mond,
Ind.,
to Adams, Ind., 86 m.; leases 5 m. of P. Ft. W. ft C. Now op
B A O.: the B. A O. to elect whether to make such purchase or exchange.
erated (Sept. 1910) by Grand Rapids & Indiana Ry. Rental, net earnings.
GUARANTIES.— Guarantees securities of Cln. Ind. A West., Dayton &
Int.
Is
guaranteed
by the Pennsylvania Co. and Pitts. Cln. Chic, ft St. L. Co.
Mich, and Oln. Find. & Ft. Wayne; also $933,000 Ind. Dec. ft West. 5s.
Jointly (the P. C. C. ft St. L. taking the place of the Cln. Ham. ft Davton
Also guaranteed $9,207,000 Pere Marquette refunding 4s, but stockholders
In
1888).
Stock,
$2,186,600 (par $50.) of which Penn. Co. owns $1,257,
of C. H. & D. subsequently voted to cancel lease and guaranty. V. 85,
900. Due guarantors Oct. 1 1910, $1,779,028.
p. 653; V. 87. p. 1355.
Year end. Dec. 31.
Gross.
Net.
*■Interest, Ac.
Balance.
EARNINGS.— 5 m os.,/1910..............Gross, $4,246,133; net, $1,121,887
1909
$668,039
$102,995 ^ $184,720
def.$81,725
July 1 to Nov. 30.
11909......... ..Gross, 4,231,782; net, 1,182,835
1908
613,703
114,999 .* * * 163.938
dct. 48,939
Of the consol. 4s of 1902 (auth. Issue $50 ,000 ,000) ,$ 29 .245.667 havebeen
sold on account of track elevation and other Impr’ ts, $6,738,333 additional
were used to refund bonds canceled by operation of the sinking fund. $7,
723 000 are reserved to retire underlvlng bonds and $7,630,000 for future
additions equal to at least the par value of the bonds Issued. V. 87, p. 36,
1604, 1663; V. 88, p. 100, 374.
ANNUAL REPORT.— Fiscal year ends Dec. 31. Report for 1909 was in
V. 91, p. 211, showing gross Income, $2,437,098; lnt., <5co., $2,<>81,60ft;
dlvs., $300,000; b a l.,$59,398. Pres., Howard G. Hetzler.— (V. 91, p. 1327.
C H I H U A H U A & P A C I F I C R R . — Chihuahua, Mex., to Mlnaca, 125 miles:
E. Carplo Jet. to Temosachlc, Mex , 55 miles. See Kansas CPy Mexico &
Orient statement and V. 71, p. 181. Stock Is $2,860,000; par of shares,
$100. Bonds, see table above. In Mch. 1909 the Mexico Northwestern
Ry. acquired the stock and bonds. V. 88, p. 748.— (V. 88, p. 748.)
RAILROAD COMPANIES
[For abbreviations, A c., see notes on first page]
Miles Date
Road Bonds
Cin New Orl & Texas Pac— Com stock 53,000,000 ----Preferred stock 5 % cumulative 53,000,000________
1906
Notes, last Installment...........................-’...................
1904
Equip trusts last Installment (V 78, p 1 3 9 1 ).........
. - 1906
do
Her B due 597,000 seml-ann (V 82 p 928)
1901
Cincinnati Northern— 1st M 53,000,000 g oId..G c*& r
86 1871
Cincinnati Richmond & Ft W— 1st M gold Int guar.c*
Clearf’ d & Mahoning— Stock 0% rent 51,000,000 auth.
26 1893
First mortgage gold guaranteed B R & P ..G .c*& r
Cleveland Akron & Columbus— Stock 54,000.000----177 1887
General mortgage (now first) gold— .........- .............
First consol mtge $4,000,000jguaranteed p & 1end. 1 1881 1900
gold sinking fund------------ ( not guaranteed------ )
\ 1900
Cleveland Cincinnati Chicago & St Louis— Com stock
•Preferred stock 5 % non-cumulatlve______'..... .........
175 1880
C I St L & Ccon M drawn at 105 sink fund 1 % .. .c *
1886
Gen 1st M 510,000,000 g a f not drawn___ Ce c&r
Cleve Col Cln & Ind consol mortgage (see text)----391 1874
Gen cons mortgage (512,000,000) gold..U s.c*& i
391 1884
72 1869
Indian & St L 1st M In 3 series of 5667,000__ lls.c
2d M (52,000,000) gold Indlanap to Terre H — c*
72 1882
Clev Cln Chic & St L White Wat Val Dlv 1st g.Ce.c*
62 1890
45 1890
Spr & Col Dlv (Col Sp & Cln) 1st M gold.........Ce c*
Cairo Division 1st M 55,000,000 gold.........-Ce.c*
267 1890
194 1890
St Louis Dlv coll tr gold (5351,000 In s f)_.Ce,c&i
203 1891
Clncln Wab & Mich Dlv first mtge gold----- Us c*
Gen M 100 years for 550,000 000 g o ld .. . Alex.c+Ar 1.021 1Kfta
4% European loan bonds of 1910, 520,000,000 auth
1910
Notes 55,000,000 gold___________ _______ ____ c&r
1907
Obligations for Proprietary Lines
Cincinnati Sandusky & Cleveland— Preferred stock.
170 1888
Consol (now first) mtge 53,000,000 gold__ AB.c
125 1903
Central Indiana first mtge 54,000,000 gold guar_.Ce
45 1903
Ch I & St L S L 1st M 53,000,000 gold gu_.Ce.c*Ar
Louisville & Jeffersonville Bridge 1st M— ScethatCo
Cleveland Columbus Cincinnati & Indianapolis— Cleve l a n d 1 n d i a n a
102 1893
Cleve Lorain & Wheel—Con mtge (now 1st) g.Usm.c*
192 1896
General mortgageSl ,000 000 gold redeem at 105.. N
102 1900
Consol ref mtge 510,000.000 gold red at 102>*-Ta.e*
1,000
1.000
600 &c
1,000
1.000 & c
1,000
1.000
500 fr.&c
1.000 & (
$3,000,000
2,453.400
150.000
85,000
1,067,000
1,000,000
1,800,000
900 ,000
650.000
4,000,000
1,800 000
1.023,000
624,000
47,056,300
10,000,000
623.000
7 182,000
4,138,000
3,205,000
2,000,000
500 ,000
650,000
1,103,730
5,000,000
10,000,000
4,000,000
25,137.000
10,000,000
5.000,00U
50
1.000
1.000
1.000
428.997
2,571,000
1,500.000
3,000,000
$100
100
1.000
1,000
l ,000
1.000
50
1.000
100
500 &c
1,000
1,000
100
100
1.000
1.000 Ac
1.000
1,000
1.000
Rate
%
When
Payable
Last Dividend Places Where Interest and
and Maturity
Dividends are Payable
5 In 1910 J & D Dec 17 1910 2X
5 In 1910 Q— M Dec 1 1910 I X
5
A & O April 1911
4
.\1 & H Mch 1911
4) 4 g M & N May’ 11-May ’ If
4
J & J July 1 1951
7 g J & D June 1 1921
6
J & J Jan 1 1911
5 g .1 & J Jan 1 1943
4 In 1910 .\1 & £ Sept 24 1910 2 “y.
5 g M & s Mch 1 1027
F & A Aug 1 1940
4g
4e
F & A Aug 1 1940
4 In 1910 \1 & «s Sept 1 1010 2 +
5 In 1910 Q — I Jan 20 1911 l H
6
M & N May 1 1920
4g
J— !• Aug 1 1936
7 or 6 e J & 1) June 1 1914
5 g J & J Jan 1 1934
7
Various July 1 1019
\1 & N Nov 1 1912
0g
4 g J & J July 1 1940
VI &
HSept 1 1940
4 g
4 g J & J Jan 1 1939
VI & N Nov 1 1990
4 g
4 g J & J July 1 1991
r
1) Juno 1 1993
&
4 g
4
&
D June 1 1930
J
5 g ,1 & D June l i o n
6
5g
4g
4g
VI
N Nov
.1 & .1 Jan
M & N May
A & O Apr
&
Cincinnati
Cincinnati. Ohio
Blair & Co New York
Equitable Trust Co N Y
Guaranty Trust Co N Y
Winslow. Lanler&Co N Y
Checks mailed
36 Wall Street New Yo k
Checks mailed
Winslow.I.anlcr A Co N Y
do
do
do
do
J P Morgan A Co N Y
do
do
do
do
do
do
do
do
dj
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
1 1010 3%
1 1028
do
1 1953
Central Trust Co N Y
1 1953
J P Morgan A Co N Y
polls St Louis & Chi cago— Se 6 Clevela nd Cincinnati C hlcago & St Louis
1.000
5,000,000
A & O Oct 1 1033
5g
1,000
890.00(1
5 g .1 A 1) June 1 1936
do
1 000
4,000,000
4)4 g J & J Jan 1 1930
do
do
CINCINNATI UNION DEPOT & TERMINAL CO.— V. 91, p 1574.
CLEARFIELD & MAHONING RY.— (See Map Ruf. Roch. A Pitts.)—
Owns road, completed In 1893, from Du Bols Jet., Pa., on But. R. & P ., to
Clearfield on Beech Creek R R ., 26 miles. Leased during corporate existence
and renewals thereof to Buffalo Rochester & Pittsburgh—which see—at a
rental payable In gold and equal to 6% on 51,000,000 stock, par 550,and 5%
on bonds, the latter being guar., p. & I., by endorsement. In Nov. 1909
the authorized stock was Increased from 5750,000 to 51.000,000, of which
5150.000 has been Issued. V. 89, p. 470, 1141.— (V. 89, p. 470. 1141.)
CLEVELAND AKRON & COLUMBUS RY.— {See Maps of Pennsylvania
RR.)— Owns from Hudson, O., to Columbus, O., 144 miles; Dresden branch,
Kllbuck to Trinway, 34 m.; Apple Creek branch, 9 m.: Howard coal branch,
4 m.; coal spurs, 5 m.: total owned, 196 m.; trackage, Trinway to Zanesville,
17 m. Owns a fourth Interest In Akron & Barberton Belt R R .. 24 m.
V. 70, p. 435. Car trusts Dec. 31 1909, 5588,773, due 582,992 yearly.
Penn. Co. took control June 1 1809, purchasing 52.237.500 of the $4,000,
000 stock (nar 5100). Dividends. 2% yearly. Rent. 1901 to Sept. 1905:
1906, 3% (M-S); 1907, Mch., 1 )4%; Sept., 2% ; 1908 and 1909, 4% (M-S);
1910, 4% . Of 1st consol, gold 4s of 1940 (Commercial Trust Co. of
Phlla., trustee), 51.023.000 are guar., prln. & Int., by the Penn. Company;
51.800.000 are reserved to retire the gen. 5s due 1927; V. 71, p. 390: V. 76,
p. 653; V. 77, p. 1746, 2280
Report for 1907 In V. 87, p.282. In 1909,
gross, 52,240,200; net, 5551,431; oth. Inc., 520,893; chgs., 5232,476; dlv.
(4 % ), 5160,000; add. & lmpts., 5164,765; bal., sur., 515,083.— (V.87,p.282.)
r CLEVELAND CINCINNATI CHICAGO & ST. LOUIS R Y .— (See ARips
N. Y. Central A II. R. RR .).— ROAD.— Radiates from Indianapolis, Ind.
westerly to Chicago, Peoria, Cairo, 111.. St. Louis, easterly to Sandusky,
-- - Columbus
- ------“ O., and southerly to Louisville.
Cleveland.
and-------Cincinnati
Leased and Controlled—
Miles.
Owned Directly—
AffJes.
Cleveland, O., to Columbus, 0 .-1 3 8 Cincinnati & Springfield R y ____ 48
Gallon, O., to Indianapolis--------- 203 Colum. Hope & Greensb’g RR__ 24
Jointly Operated—
Delaware to Springfield---------------- oO
Cincinnati to Lafayette-------------- 170 Chic. Ind. & St. L. Short L ine.. 44
Trackage Into Cincinnati, &c__ 32
Indianapolis to Terre Haute--------- 72
53
Harrison Branch---------------------- 7 Trackage Into Jeffersonville___
Trackage Into Toledo (V. 79. p.
Leased— entire stock owned—
1023, 2696)............ ..
v
48
Cincinnati Lafayette & Chic. R y . 57
Cairo Vincennes & Chic. R y—
Cairo, III., to Tilton & branch-261
Total Included In earnings... 1,982
St. L. Dlv.. T. H. to E. St. L.190
Operated; earns, kept sevarate—
Peoria & Eastern R y __ . . . .
*351
Columbus Springfield & Cln.—
’ *248
Columbus, O.. to Springfield.. 45 Cincinnati Northern_____
Kankakee & Seneca RR
ez
White Water— Harrison, Ind., to
*2
Hagerstown, Ind_____________ 62 Mt. Gilead Short Line___ I
Loulsv. & Jcffcrsonv. B rldgelll *3
Cln. Wabash & Michigan R y.—
Benton Harbor to Rushvllle and
Total of system Dec. 31 ’09. .7^628
branch ................................... 249
Other lines____________________ 59 Trackage III. Cent. Into Chlc.l
On percentage basis..
/
Cincinnati Sandusky & Cleve. R y.—
Operates Independently—
Sandusky, 0 .,to Day’ n, O..&C.170
Dayton & Union RR. (•)........... 47
•See this company.
Double track.............................. .. 339
A new double-track line from Evansville to Alt. Carmel, Ind., 30 miles,
was to be completed about Jan. 1911 under the charter of the Evansville
Mt. Carmel & Northern Ry. V. 83, p. 817, 1098; V. 90, p. 712.
HISTORY, &c.— A consolidation of the Cincinnati Indianapolis St. Louis
& Chicago Railway Co., the Cleveland Columbus Cincinnati & Indianapolis
Railway Co. and the Indianapolis & St. Louis Railway Co., made In July
1889, per plan In V. 48, p. 427. Of the com. stock, 530,207,700 was In Jan.
1010 owned by the L. S. & Mich. So. R y., a majority of the entire share
capital. V. 72, p. 86 : V. 82, p. 749.
The company Is also one-fourth owner of Peoria & Pekin Union Ry.
(through the Pco. & East. R y .), one-fourteenth owner In Terminal RR.
Association of St. Louis, and two-fifths owner of Indlanap. Union R y., and
part owner of Cent. Indiana R y., Cent. Union Depot & Ry. of Cincinnati,
plon Depot of Columbus, Dayton Union R y., Dayton & Union R R ., Mune Belt Ry. and Findlay Belt R y.. which are operated Independently.
STOCK.— Stockholders voted to Increase common stock from 528,700,000
to 540,000,000 and Oct. 31 1906 to 550,000,000. In 1907 54,806,580 was
subscribed for at 90; 52,249,720 additional was sold to Jan. 1911. V. 83,
p.
p .oa
687,
r, 1290:
u:uu; V.
v .e84,
a .pp.. 1247.
124/ .
----------------- -1 —
“ ’99.
‘
•— ’ 08. ’09.
10.to ’07.
1911.
DIVIDENDS.
’97. -’98.
’00.
’ 01.’’02
........... .
4
Common___ % } 0
0 0
3
3X
4 yearly. 1 0
5
Jan., 1 X
Preferred ...% J 2)4 5 5
5
5
5 yearly. 5 5
BONDS.—The sinking fund provision of the Cleveland Columbus Cincin
nati A Indianapolis consol, bonds (stamped) has been canceled. The prln
clpal Is payable In gold, but the Interest at option of holder, either In lawful
money at 7% per annum or In British sterling at 6 % . Of the Ind. A St.
Louis 1st 7s, ser. " A ” are J. & J.; ser. “ B,” M. & S.; scr. "C ,” M. & N.
St. Louis Division bonds, see deed of trust, V. 52. p. 42-45.
The 100-year mortgage of 1893 Is limited to 550,000,000. In Apr. 1910
522,115,000 gen. 4s were reserved for prior liens (exclusive of Cairo division,
Peoria Division. Michigan Division and the St. Louis Division west of Terre
arul $2,748,000 for equipment, construction and betterments, &c.,
51.000,000 yearly. See V. 78. p. 1446; V. 79, p. 733; V. 83. p. 379; V. 87
p. 1010; V. 90, p. 626, 1044. Guarantees Chic. Indian. & St. L. Short Line
I5»lIana
antl Springfield Union Depot Co. bonds. V. 77,
P- 510, 517, 760. 1363, 2280; V. 78, p. 1906, 1061; V. 79. p. 2589.
. . I h„°,Jt£ $ hol.<l.ers Nov- t7 1909 authorized 520.000,000 bonds, of which
510,000,000 sold May 1910, payable In francs, to provide for 55,000,000
notes due June 1 1911 and floating debt. V. 89, p. 720, 778, 1141; V. 90.
p. 1238, 1296, 1424, 1554; V. 91, p . 1740 .
Jointly with four other roads covenants to pay New York Central Lines
530,000,000 equipment trusts of 1907 and 1910, the company’s share of
equipment leased being 53,700,347 and 52,300,000, respectively. V. 85,
p. 1401; V. 8 6 . p. 168; V. 88 , p. 761; V. 90. p. 1677.
S
Amount
Outstanding
Par
Value
FINANCES.— Capital stock per mile of road owned Dee. 31
1909, 533,260; bonded debt, 536,134. In 1910 510,000,000 (50,000,000
francs) 4% debs, were sold. (Sco a preceding paragraph.)
EARNINGS.— 11 m os.J1910........ Gross, $27,673,907; net, $6,285,391
\1909........ Gross, 25,219,125; net, 7,380,299
Jan. 1 to Nov. 30.
REPORT.— Report for year ending Dec. 31 1909 In V. 90, p. 691, 712.
Year ending Dec. 31—
1999 .
i 908 .
Inc. or Dec.
Railroad revenues
------------------- $27,057,741 $24,242,017 +$3,415,124
Operating Income (after taxes)-------- 7,011,380
5 ,002,084 + 1,948,696
623,233
554,026
+69,207
Other Income......................................
Gross corporate Income........ ....... 57,634,613
5120,000
Rentals of leased lines.......... ...........
Interest on bonds, A c ------------------ 3,391,700
Hire of equipment, Inch Interest__
652,784
Other rents----- . . . . . . . . . . . --------641,117
Prop, loss oper. Cent. Ind. Ry
52 Oil
500|000
Dividends on preferred. 5 % ...........
941,126
Dividends on common, 2 % ________
$5,610,710 + $ 2 ,017,903
$120,000
_____
3,321,923
+$69,777
894,055
— 241,271
571,952
4-69,165
+52 641
SOO’.OOO
...............
+ 941,126
Balance, surplus for year------------- 51,335,240
$208,779 +$1,120,467
OFFICERS.— Pres., W. C. Brown, New York; Vice-Presidents, E. V. W.
Rosslter, John Carstensen, C. E. Schall, A. H. Harris and C. F. Daly; Sec.,
Dwight W. Pardee, New York; Treas.. Chas. F. Cox. New York; Auditor,
P. A. Hewitt, Cincinnati, Ohio.
Directors.— William K. Vanderbilt. Fred’ k W. Vanderbilt, Chaunccy M.
Depew, J. Plerpont Morgan, William C. Brown, Geo. F. Baker, Win. K.
Vanderbilt Jr., Wm. Rockefeller, Win. II. Newman, James Stillman,
Walter P. Bliss. New York.— (V. 91, p. 1440, 1710.)
. CLEVELAND LORAIN & WHEELING R Y.— (See Map B. A O.) -Owns
from Lorain, O., to Bridgeport, O., opposite Wheeling, W. Va.. 158 m.: Les
ter to Cleveland, 28 m., and branch to Bellalre, O., 0 m.; operates St.
Clalrsville & Northern, 3.33 m.; total, 195 m.; and has trackage Into Wheel
ing. V. 80, p. 1174. Operated by B. & O., which owns all of the stock.
$8,000,000 com. and $5,000,000 pref. Sec V. 72, p. 480; V. 73. p. 236;
V. 86, p.602.
Pref. dlvs.: 1896, 3% ; Deo. 1904, 2 )4% ; 1905 to April 1908, 5% ; no fur
ther dlvs. to be declared. Dlv. on com., 2)4% In 1908.
Of the 4 Hs, $6,000,000 are reserved to retire old 5s. V. 70, p. 230, 480.
REPORT.— In 1908-09, "gross, 53,796,182; net, $1,216,152; other In
come, 54,038; charges, &c., $506,168; .balance, $714,022. Earnings not
Included with those of Baltimore & Ohio.— (V. 87, p. 1416.)
CLEVELAND & A1AHONING VALLEY RY. -Owns from Cleveland, O..
to Sharon, Pa., 81 miles (57 double track); Niles, O., to New Lisbon, O.,
and branches. 44 m. Leased to Nypano RR. (formerly N. Y. Penn. &
Ohio) till 1962; rental $525,907 per annum. Coupon Interest Is J. & J.,
registered Interest, Q.-J. Stock Is 53,259,200, of which $3,258,250 Is held
by "Atlantic First Leased Lines Rental Trust Co.. Limited,” of London.
Dividends In 1897, 13 H % ; 1808 to 1904, both Inclusive, 13 )4% yearly; In
1905, 11-42%; In 1906 to 1909. 11.40%.— (V. 63, p. 968.)
CLEVELAND & AtARIETTA R Y.—Owns from Marietta, O., to Canal
Dover, 103 miles, and branch, 7 miles, Zoar, O., to Canal Dover, leased.
Stock, $2,000,000, of which the Pennsylvania Co. Dec. 31 1909 owned
$1,791,900 (par $100); surplus earnings over charges go to C. & M. Dlvs.
paid In 1906 (3% ), $60,000; In 1907, 4% ; 1908, 5% ; 1909 and 1910, 6% .
BONDS —Guaranteed prln. and Int. by Penn. Co.; sinking fund 1% .
EARNINGS.— In 1909, gross, $1,045,364; net, $394,203; Int. on bonds,
$56,250; Improvements, $188,556; other charges, $8,583; dlvs. (6 % ), $120,
000; bal.. sur., $20,813. In 1908, gross, $937,983.— (V. 88, p. 52.)
CLEVELAND & PITTSBURGH RR. -{See Man Pennsylvania Railroad.)
— Cleveland, O., to Rochester, Pa., 124 miles; branches— Bayard, O., to
Roswell, O., 39 m.; Yellow Creek to Bellalre, 43 m.; trackage, Rochester to
PIttsb. (P. Ft.W . & Chic.), 26 m.; other trackage, 23 m.; total, 255 miles
LEASE.— Leased for 999 years Dec. 1 1871 to Penn. RR. Co., and lease
transferred to Pennsylvania Co. Rental, dividends on stock. Interest
■>n bonds and organization expenses. "Special guaranteed betterment
stock” (subordinate to the original stock as to dividends only). with dlvl.
dends of 4% guar, by the Penn. R R .. is Issuable for lmpts. V. 79, p. 2205,
2642; V. 83. p. 625; V. 85, p. 1082; V. 87, p. 812; V. 91, p. 1440.
BONDS.— Generals are all equally secured; guaranty. V. 56, p. 604.
EARNINGS.— For 6 mos. ending June 30 1910, gross, $5,442,331, against
$4,223,719; net after taxes, $1,557,836, against $1,337,934; profit to lessee,
5586,482. In 1909, gross earnings, $11,104,914: net, $4,526,277; profit to
lessee, $2,517,333.— (V. 87. p. 812; V. 89, p. 992; V. 91, p. 1416.J
CLEVELAND SHORT LINE RY.—To be a belt line around Cleveland,
O., from a point near West Park. 7 miles west of Cleveland, east, tlicnco
northeast to Colllnwood, 19.05 miles, of which 0.68 miles In operation In
Sept. 1910. V. 91, p. 654. Stock, 53,750,000; all owned by Lake Shore
& Mich. South.; par, $100. V. 86, p. 167. Pres., W. C. Brown; V.-P.,
D. C. Moon.— (V. 88, p. 563; V. 91, p. 654.)
™9KEVF;LANP TERMINAL & VALLEY R R .— (See Map Baltimore A
Obio.)— Owns from Cleveland, O.. to Valley Junction, 75 miles; branches,
U miles: yard track and sidings, 89 miles.
STOCK.— Of the $4,615,300 common (par 550) B. & O. owns $4,504,300
and of the $2,060,750 preferred. $1,826,700; par, $100.
BONDS.— The 1st M. bonds are guar., p. & 1., by B. & O., endorsed.
REPORT for year ending June 30 1910 was in V. 91, p. 1324, showing1
Gross, $1,274,084; net, 5342,857; other income, $27,013; int., &c., $248,204bal., sur., $122,566.— (V. 87. p. 1297; V. 89, p. 1223; V. 01, p. 1324.)
COAL & COKE RY.— Owns from Lelter, W. Va.. to Charleston. W. Va.,
166.4 miles: trackage. Roaring Creek Jet. to Elkins, 7 6 m., and Roaring
Creek Jet. to Lelter, 1.6 m.; Mable to Bclllngton, 17.7 m.; branch Gassavvny
to Sutton, 6.5 m. (completed Jan. 1910); total June 30 1910, 199.8 miles.
Company’s own line under construction Oct. 1910 from Elkins to R. C. Jet.,
7.6 miles. About 100.000 acres of coal lands are owned.
RAILROAD COMPANIES
[For abbreviations, A c., see notes on first page]
Miles Date
Road Bonds
Par
Value
CleveA Al V— Oonsm (now nrst) *3,000,ouu g-Ce.cAr
125 1888 *1,U00 Ac
1.000
Clcve & M a r — First mtge s f not drawn gold guar F.c*
103 1895
50
Clevc & P i t t s b u r g h — Stock 7% guar by Penn RR Co
--
50
Special betterment stock $10,738,135 guar 4 % ___
—
1,000
Gen M $10,000,000 gold- _F] Series A & B............. c* 205H 1892
1.000
’98-00
Guaranteed prln and Int^SerlesC & D _______ c* 205
1.000
(end) Penn R R ---------JSerles B Int reduced
205)4 1892
Cleveland Terminal & Valley— See Baltimore A Ohio.
1,000
Coal & Coke— First mortgage $5,000,000 gold ..........
101 1903
C o a l & I r o n — See Western Maryland
C o a l R i v e r R y — Sec Chesapeake & O h i o
100 Ac
Colebrookdale— 1st M $593,400 und Read M of 1897-c
13 1868
1,000
Colo Midland—1st M $10,000,000 (V. 71. p. 139).Cec*
261 1897
too
Colorado & Southern— Common stock $31,000.000 . . .
--100
First preferred 4 % non-cumulatlve $8,500,000. —
-
100
Second preferred 4 % non-cumulatlve $8 500,000 . .
- - 1882
l .000
1899
First mortgage gold $20,000,000--------------- Ta o* 1,041
100 Ac
1905
Ref M $100,000,000 g red 101--------------- Cc xc*r* 1ext
_i .ooo
. . 1907
Equip bonds ser A due s a red 101 (V 84 p 5071 . (1
Colorado Southern New Orleans & Pacific— See St. Lo uls & San Fr anclsco
1,000
Colo Sp & crip Cr L> Ry 1st M $2 ,uuu,000 g s f-.C e
75 1900
1,000
1902
First consol mortgage $3,600,000 gold------- G.cAr
.
1,000
1908
Colorado Texas & Mexico—First mtge $75,000,000..
.
1,000
Colum Newb & Laurens— 1st M $12,000 perm — SBa
75 1887
1,000
Columbia Southern— First mtge gold $2,100,000._.N
70 1898
Columbia & (irecnville— See Southern Ry
Columbus & Toledo—See Hocking Valley Ry
50
Columbus & Xenia— Stock 8 % rental---------------------55
1895
500 Ac
Combination Bridge (Sioux City la)— First mortgage
1.000
C o n c o r d & C l a r e m o n t (N H)— First mortgage-----------c
71 1894
100
Concord & Alontreal— Stock Class I (B C & M p ref)..
.
100
Stock Class If (B C & M new).................................................
100
Stock Class III (B C A M old stock).............. ...........
.
100
Stock Class IV (Concord) (text) ------------------------1 ,000
Concord & Montreal cons M for $5,500,000--BB.e*
262 1890
1,000
97-99
Debenture bonds $1,150,000 currency.................. c*
1,000
1900
do
do
$500,000 Interest guaranteed.. .
100
C o n c o r d & P o r t s m o u t h — Stock 7 % rental 99 yrs — .
40 )4
100
C o n n & P a s s u m p s i c — Pref stock 6 % rental 09 yrs
c*
-
x Series " 4 , ” JAJ; “ B " AAO. y "C " MAN; 'l l , ” FAA
r
Stock, com., $10,000,000, all outstanding; 5% pref., $10,000,000 author
ized Oct. 1907, of which $8,881,800 Issued to purchase $6,300,000 bonds
and settlement of other debts; bonds reduced to $5,000,000, of which $2,
000,000 In treasury. V. 85, p. 1005. Mortgage covers road and coal lands.
V. 78, p. 47. Car trusts June 30 1910, $371,474, due $55,000 yearly; loans
and bills payable, $1,468,287.
EARNINGS.— 5 m os.,/1910____ _____ Gross, $339,913; net, $83,020
July 1 to Nov. 30.
11909__________ Gross, 321,239; net, 87,392
Report for year ending June 30 1910 In V. 01, p. 1246, showed: Gross,
5882,792; net, $292,121; net income coal dept., Ac., $69,184; total net,
$361,305; other income, $840; Int., taxes, Ac., $340,922; bal., sur., $21,223.
Pres., II. G. Davis, Elkins, W . Va.; Sec., C. M. Hendlcy, Washington,
D. C.— V. 91, p. 1160, 1246.)
COLEBROOKDALE RR.— Pottstown to Barto, Pa., 12.84 miles. Leased
to Phlla. A Reading Ry. Common stock. $297,215: par. $50.
COLORADO MIDLAND R Y.— (See Map Col. A South.) .— Owns from
Colorado Springs to New Castle, Col., through Busk-Ivanhoe tunnel, 221.92
miles: branches. Basalt to Aspen, 19.37 m.; Cardiff to Spring Gulch, 15.01
m.; Arkansas Jet. to Lcadvillc, 4.80 m.; total owned, 261.10 miles. Leases
Rio Grande Jet. R y., Rifle Creek to end R. G. J. R y., 62.08 m.; trackage
to Rifle Creek, Ac., 14.46 m.; total operated, 337.64 miles.
ORGANIZATION.— Successor Oct. 1897 to the Colorado Midland Rail
road, foreclosed and reorganized per plan In V. 64, p. 1224, 1226. In May
1900 a majority of the stock. If not the entire Issue, was purchased by a
syndicate In the Joint Interest of the Colorado A Southern and Denver A
RIO Grande. V. 70, p. 686, 791, 997, 1290; V. 71, p. 28; V. 73. p. 1111.
Pref., $6 000,000; common, *4,000,000.
EARNINGS.— 5 m os.,/1910_________ Gross, $953,634; net, $147,100
July 1 to Nov. 30. ] 1909_________ Gross, 1,122,728; net, $241,392
Deficit under charges, $51,536 In 5 mos. of 1910, agst. sur. $22,009 in ’09.
Year—
Cross.
Net.
Misc. Inc. Charges.
Balance.
1909-10 ________$2,340,286 $328,432
$38,583 $499,308 def.$132,293
1908-09 ________ 2,312,590 383,389
59,054
489,529
dcf.47,086
OFFICERS.— Pres., A. D. Parker: VIcc-Pres., Chas. H. Schlacks;
Trcas., Henry L. Ilobbs; Sec., L. B. Johnson, Denver; Asst. Sec., L. E.
Katzcnbach, N. Y .; Asst. Treas.. H. B. Henson. N. Y.
Directors— George B. Harris, A. D. Parker, Darius Miller, W . P. Clough,
Edwin Ilawley, George J. Gould, Edwin Gould, Winslow S. Pierce, E. T.
Jeffery and Chas. H. Schlacks.— (V. 89. p. 778; V. 90, p.447.)
COLORADO & SOUTHERN R Y.— (See M ap.)— Operates a system from
Orln Jet., Wyoming, through Colorado to Fort Worth. Tex., and by ex
tensions built to 1906-07 reaches tidewater at Galveston, Tex., and also
Houston. Dallas and other points, viz.: ( ‘ which see).
Lines Owned—
Miles
Controlled—
Miles.
Cheyenne to Orln Junction...........154 Denver A Interurban R R ----------- 27
Denver to Southern Jet., C o lo ..129 Colorado R R . (V.87.p.677)........... 42
Denver to Lcadv. (nar. gauge).. 152 Walsenburg A Western........ ........ 1
Como to Baldwin Mine (do ) . 132 Fort Worth A Denver City......... *454
Walscnburg Jet., Col., to Texas
Col. Spr. A Crip Cr. District------ *74
State Line................................... 176 Wichita Valley R y ______________ *52
Oth.llne8,br.,Ac.(106 nar. gaugc)298 Wichita Falls A Oklahoma............. 23
Trackage— Pueblo to Walscnb’g
Wichita Valley R R ......................... 61
(Denver A Rio Grande)______ 58 Abilene A Northern-------------------- 39
Cheyenne to Denvct (Un. Pac.)--107 Stamford A N. W . R y ............... --_82
T o t a l...... ...........
1.2"8
Total June 30 1 9 1 0 ..'............ 2,061
Also owns beneficial half Interest In Colorado Midland, operating 338 m.,
and In Trinity A Brazos Valley Ry. See those companies. The Stamford
A Northwestern R y., Stamford, Tex., northwesterly 82 M m., wa» com
pleted Oct. 1909. V. 89, p. 1281. In June 1910 construction was begun
on a new low-grade line from Pueblo to Walscnburg, 56 miles. See also
last par. “ Bonds” below. V. 90, p. 626.
ORGANIZATION.— Took over oper. Jan. 11 1899, per plan V. 67, p.
748, of Union Pacific Denver A Gulf and Denver Leadvlllc A Gunnison.
In Dec. 1908 the Chicago Burlington A Quincy acquired $23,657,500 com.
stock (practically a controlling Interest) held by Edwin Hawley and asso
ciates. V. 87. p. 1663, 1604: V. 88. p. 158, 685.
Owns a large majority of the com. stock of Fort Worth A Denver City
R v.. which sir
Owns a beneficial Interest In one-half stock of Colorado
Midland. V. 70, p. 739. Controls Denver A Interruban (Electric) R y.,
which owns 21 miles, and operates 31 miles of Col. A Sou., which has been
electrified, under lease. V. 87, p. 950; V. 89, p. 934.
DIVIDENDS— % ’00. ’01. '02. ’03. '04. ’05. ’06. ’07 '08. •09. 1910.
4
4
4
First preferred_______2
3JJ 3 ^
4
2
0
4
4
4
4
4
Second preferred_________ ._ __ __ . . . .
..
4
2
2
Common..................................................................................
2
BONDS.— 1st M., sec V. 68, p. 1027; V. 77, p. 2158; V. 87, p. 444, 1160.
The $100,000,000 refunding bonds of 1905 were made Issuable as follows:
For refunding bonds and equipment obligations of system---------$36,850,000
For betterments and Improvements. Including equipment , at the
cum. yearly rate of $500 per mile of operated A controlled lines 15,000,000
For reimbursement of the treasury of the company, A c------------ 2,500,000
For acquisition of additional property (Including proper provlslon for the cost of double-tracking parts of the main lines)-- 45,650,000
Equipment bonds of 1907 mature $51,000 8-a to April 1 1914: thereafter
$52,000; V. 84. p. 507. Pullman Co. car trusts June 30 1910, $151,123.
The refunding bonds are secured by a first lien on all the bonds and prac
tically all the stock of the cos. owning about 622 miles of road, Including the
Wichita Valley lines and the Trinity A Brazos Valley Ry.: also, by direct
lien, subject to the first mortgage, on about 1,041 miles of road owned by
the Colorado A Southern and on practically all the stock of subsidiary cos.
owning 555 miles of road, making 1,596 additional miles on which there are
outstanding $30,679,000 underlying bonds: total thus covered, 2,219 miles,
on which the total outstanding funded debt. Including these bonds and all
prior liens, averaged $26,568 per mile. V. 80. p. 1971: V. 91, p. 462, 214.
In Jan. 1911 sold $1,400,000 ref. bonds to complete gaps from Pueblo,
Col., to Walsenburg, about 50 miles, and from Wellington, Col,, to Chey
enne, W yo., 32 miles. V. 92, p. 186, 117.
Amount
Outstanding
Rale
%
$2,936,000
1.250 ,000
11.23 7.700
9,853,050
4,561 ,000
4,487,000
439,000
5g
4^
7
4
4H
3V4
3H
4,031,000
5 It
When
Payable
See text
g M A N
C —M
y —M
X
g
y
g
g A A O
A A
J
600 ,000
6
4 2 .1
8,946,000
31,000,000 2 in 1910 See
8,500.000 4 In 1910 A
8,500,000 4 In 1919 A
F
19,492,000
4g
29.282,00.)
4H g M
5
A
669,000
1 ,671,000
1,379,000
(?)
899,000
700,000
5g
5K
5
3g
5g
J
A
J
J
J
Last Dividend Places Where Interest and
Dividends are Payable
and Maturity
Winslow. Lau A
Jan ) 1938
Farmers L A Tr
VIay 1 1935
Dec 1 1910 1 H Winslow, Lan A
Dec 1 1910 1%
do
Jan-Oct 1942
do
1948-1950
do
Oct 1 1942
do
O Apr 1 1919
Co N Y
Co N Y
Co N Y
do
do
do
do
Elkins W Va or Balt
A D June 1 1898
A J July 1 1947
text Dec 31 1910 2%
A O Oct 1 1910 2%
A O Oct 1 1910 zy,
A A Feb 1 1929
A N May 1 1935
A O Apr ’ l l Apr ’ 17
Reading Terminal. Phil*
26 Liberty St., N Y
Office, 2 6 Liberty. N Y
do
do
do
do
do
do
do
do
Guaranty Trust Co N Y
A J Jan 1 1930
A O Oct 1 1942
A J Jan 1 1958
A J July 1 1937
A D Dec 1 1948
Chem Bk N Y; A Col Sp
Gu Tr N Y; A Col Sp
New York
Safe Dep A Tr Co, Balt
New York Trust Co N Y
1,786,200 See text Q — M Dec 10 1910 2
r A .1 July 1 1915
500 ,000
5
500,000
J A ,! Jan 1 1914
44
800,000
7
Q — J Jai 1 1911 1 H
c) — J Jan 1 1911 iy ,
7
540,400
Jan t 1911 1 y4
459,600
7
c) - J
6 05 7,600
Jan 1 1911 1 h
7
c,) - J
4
J A D June 1 1920
5,500.000
1,050 000 3H A 4 J A D June 1 1920
3 H .1 A D June 1 19 20
473,000
J A .1Jan 1911 . m V,
7
350 000
F A A Feb l 1911
6
2,500,000
Treasurer, Columbus O
Hanover Nat Bank N Y
First Nat Bank Boston
Checks mailed
do
do
do
Safe Dep A Tr Co Boston
Boston S D A Tr Boston
do
do
Manchester N H
Safe Dep A Tr Co Boston
EARNINGS.— Including Ft. Worth A Den. City and all affiliated lines.
5 Mos. end. Nov. 30.
Gross.
Net.
Charges (N et). Bal., Sur.
1910
.$7,565,908 $2,747,266 $1,331,544 $1,415,722
1909
7,235,937
2,831,857
1,126,696
1,705,161
REPORT.— Report for 1909 10 at length, showing operations of system,
Including the Ft. Worth A Denver Cltv and Col. Spr. A CrlrnCr. Dlst. R y..
Denver A Interurban R R ., Colorado R R ., Ft. W. A Denv. Term. Ry. and
Wichita Valley lines was in V. 91, p. 1155, 1186.
1909-10.
1908-09.
1907-08.
Average miles______________________
2,042
1,980
1,932
Total operating revenues.................... $16,777,981 $15,080,412 $14,283,133
Operating expenses-..............
10,863,455 10,225,687
9,542,809
Operating Income (over taxes)______
5,414,333
4 453,683 4,338,688
Total net Income..............
$5,651,700 $4,920,385 $4,634,962
Int. on bonds, equip, obllg’ ns, A c____ $2,700,067 $2,721,526 $2,463,058
Dividend first pref. stock (4 % )_____
340,000
340,000
340,000
340,000
340,000
340,000
Dividend second pref. stock (4 % )___
620,000
620,000
_____
Dividend common stock (2 % )______
Balance, surplus, for year------- — $1,651,633
$898,859 $1,491,903
OFFICERS.— Chairman, George B. Harris; Pres., Darius Miller; V.-P.
A. D. Parker, Denver, Col.; Sec. and Treas., B. F. James, Denver,Col.
Asst. Sec. and Asst. Treas., L. E. Katzenbach, 26 Liberty St.. N. Y. New
directors, 1909. V. 88, p. 563; V. 89, p. 1347.— (V. 92, p. 117, 186.)
COLORADO SPRINGS & CRIPPLE CREEK DISTRICT R Y .— Colorado
Springs to Cripple Creek, Col., 46 m.; branch, Cameron to Victor. 5 m.;
other branches and spurs, 24 m.; total. 75 m., of which 59 m. steam, 14 m.
steam and electric and 2 m. purely electric. In Jan. 1905 Colorado A
Southern acquired all the stock except $900 com. V. 80, p. 472,1111, 1423.
Stock, all outstanding, com., $1,200,000; pref., 5% , non-cum., $800,000.
Par of shares. $100 each. Dividend 5% on preferred, paid Feb. 1907.
and June 1908. On com., 2% Sept. 1908. Sink, fund can retire first
mtge. bonds yearly at 110 for first 15 vears, then at 107 M for 5 yrs., then 105
for next 5 yrs., 102 M for three years, thereafter at par. V. 76, p. 345.
EARNINGS.— 5 mos., f 1010__________ Gross, $304,264; net, $108,305
11909__________ Gross, 312,716; net, 116,995
July 1 to Nov. 30.
Pres., Frank Trumbull.— (V. 81, p. 725: V. 87. p. 740; V. 88. p. 822.)
COLUMBIA NEWBERRY & LAURENS RR.— Columbia to Laurens.
S. C.,75 m. Stock. $500,000. Bonds were 6s. but re issued as 3s In 1900,
Income certificates to amount of 40% of bonds being Issued.
EARNINGS.— 5 mos., (1910___________ Gross, $144,329; net, $49,741
July 1 to Nov. 30.
\1909___________ Gross, 118,423; net, 24,643
Year ending June 30 1910, gross, $283,096; net, $70,653. In 1908-09,
gross, $279,231; net, $53,860. In 1907-08, gross, $282,581; net, $58,9251
charges, $56,132; bal., sur., $2,793. Pres., W. G. Childs, Columbia, S. C.
COLUMBUS & SOUTHERN R Y .— Wyandotte. O.. at a connection with
the Penn. R R . to South Bloomlngvillc, 22.82 miles. Stock, $200,000.
Bonds, $200,000 1st mtge. gold 5s dated 1902, Int. M. A N. at Boston
Safe Dcp. A Tr. Co. Owned Oct. 1910 by Geo. B. Wilbur, Boston, Mass.
For year ending June 30 1910. gross, $14,159; net, $330.— (V. 83, p. 1290.)
COLUAIBUS & XENIA RR.— Owns from Columbus. O .. to Xenia, O..
55 miles. Operated as a division of the Little Miami, and Is leased for 99
years from Dec. 1869, In connection with that road, to the Pittsburgh Cin
cinnati Chicago A St. Louis, which pays 8% on stock. The lease Is guar
anteed by Pennsylvania RR. Co. Dividends 2-5% per annum, from assets,
were discontinued In 1901.— (V. 72, p. 532.)
COMBINATION BRIDGE (SIOUX CITY. IA .).— Owns steel bridge 1,940
feet long over Missouri River, with approaches. 1 mile, used by railroads
and street cars as a highway. Stock, $1,500,000. Mtge. trustee. Union
Trust Co., Indianapolis, Ind. Pres., Jos. C. Head, Latrobe, Pa.; Sec., F.
L. Eaton, Sioux City, la.— (V. 78, p. 102, 286.)
CONCORD & MONTREAL RR.— From Nashua, N. H ., via Concord.
Plymouth, Ac., to Groveton and the White Mountains, 450 miles In all.
Including Manchester A Keene, 30 m.; owned Jointly, 414 m.; 35 m. double
track. Owns Concord Street R y.. 1 1 m.; also electric branch from Concord
to Manchester, N. H., 17 miles, and Nashua A Acton R R ., 20 miles.
On June 29 1895 leased to Boston A Maine for 91 years at rental of 7%
per annum on all stock. On Jan. 5 1910 $250,000 stock was sold to develop
water power. V 89, p. 992; V. 90, p. 54. In Oct. 1910 $500,000 consol. 4s
were sold to retire the Boston Concord A Montreal 6s due Jan. 1 1911.
making $5,500,000 consols outstanding. V. 91, p. 1025.— (V. 91, p. 1629.)
CONCORD & PORTSMOUTH RR.— Owns Portsmouth, N. H., to Man
Chester, N. H., 40H m. Leased to Concord RR. In 1862 for 99 years; rental
$25,000; 7% on stock and org. exp. Operated by Boston A Maine.
CONNECTICUT & PASSUMPSIC RIVERS RR.— White River Jet., Vt.
to Canada Line, 110 m.; leases 999 years Massawlppl Valley. 37 miles.
Owns nearly all the stock ($350,000) of the Newport A Rlchford R R .,
Newport, Vt., to Canadian line, 21 miles, operated under lease by Montreal
A Atlantic Ry. (Can. Pac. system, and guarantees Its $350,000 1st 30ycar 5% bonds dated Jan. 1 1911. V. 91, p. 946.
LEASE.— From Jan. 1 1887, leased to the Boston A Lowell for 99 years
on a basis to pay C. A P. stock 5% till Jan. 1897 and 6% thereafter.
SECURITIES.— Massawlppl stock receives same dividends as stock of
lessee and $400,000 of It (not Included In the amount outstanding) Is pledged
as part security for 4s of 1893. Of the $2,500,000 Dref.. $500,000, as also
$50,000 Massawlppl Valley Ry. stock, was purchased Feb. 1 1910 by the
Vermont Valley, under Its option, at par.— (V. o7, p. 1040.)
CONNECTICUT RIVER R R .— Owns from Springfield, Mass., to Keene,
N. II., 74 m.; Bellows Falls to Drattleboro, Vt., 24 m.; branches, 6 m.; total,
104 m., of which 50 double-tracked. Controls Sullivan Co. R R ., Bellows
Falls to Windsor, Vt., 26 miles. V. 80, p. 1478; V. 81, p. 899. 1723.
LEASE.— I-cased for 99 years from Jan. 1 1893 to the Boston A Maine,
annual rental (as amended Oct. 10 1895) being 10% per annum on capital
stock, payable directly to stockholders; also Interest on bonds and scrip and
$2,000 for organization expenses. Lessee pays all taxes, operating ex-
RAILROAD COMPANIES
[For abbreviations, A c., see notes on first page]
Miles Date
Road Bonds
Par j Amount
Value Outstanding
Rate
%
When
Payable
Last Dividend Places Where Interest and
and Maturity
Dividends are Payable
Conn & Passumpsic (Concl.)— 1st M 51,900,000 goldo
110 1893
$1,000 $ l ,900,000
A A O Apr 11943
First mortgage 51 ,900,001) gold...............................c*
* g
37 ______
6
100
400.000
F A A Feb 1911 3%
Massawlppl stock guar same dlv as Conn A Passump
21 1911
1,000
350 ,000
5 g J A 4 Jan 1 1941
Newport A Rlchford 1st M gold guar by C & P .c*
80 ______
100
3.233.300
10
J A .1 Jan 1 1911 5?<
Connecticut River— Stock $3,670,300 authorized)-----1893
1,000
1,000,000
M
S Sept 1 1043
4g
Bonds not mortgage for $1,000,000 gold-------------- c
1901
1,000
290,000
Bonds not mortgage _________________________
3H J A J Jan 1 1921
1903
- 1,000
069,000
J A J Jan 1 1923
3H
.
do
do
------------ ----------------------------do ’
7 1883
1.000
1.000,000
Conn (Phila)— Phlla O & C h H 1st M guar by P enn ..r
4 >4 M A N May 1 1913
Broad St Station Phlla
37 1002
1,000
1,980,000
Conn Ry 3 H % gold mortgage $5,000,000-------------3H g M 15 A S Mch 151932
19M 1888
100 Ac
200,000
M A N May 1 1918
5
Cooperstown & Susa Vail— 1st M $200,000 lnt guar..
Nat Bk Cooperst’n N Y
1809
2,280 ,000
500 Ac
Copper Range— First mortgage gold (see text). . . . . . - Text
Boston, Mass
5 g A A O Oct 1 1949
1909
See text
Copper River & Northwestern— 1st M $50,000,000.-S
5
50 years
2e ______
50
800,000 10Inl910 Seml-an July31 19105 % Co’s Office, Lebanon Pa
Cornwall & Lebanon— Stock-----------------------------------26 1891
100 Ac
4
First M extended at 4 % In 1006 (V 82 p 1322)------r
764,900
A A O Apr 1 1921
do
do
______
100
Cripple Creek Cen tral— Common stock-----------------2,500,000 See text Q—J 25 Oct 21 1007 1 K Checks mailed
__
—
Preferred stock 4 % non-cumulatlve-----------------100
3,000,000 4 In 1910 Quar
Deo 11910 1
do
41 1895
Midland Term first mtge gold sinking fund------F.c*
1,000
383,000
5 g J A D Dec 11925
Farmers L A Tr Co N Y
Cuba Eastern— First mortgage $1,000,000 gold.K .c*
43 1903
1,000
648,000
M A S Mch 1 1933
6g
In default
D ebentures_____________________________________
221,000
Northeastern Cuba 1st M $1,000,000 g gu p & I___
53 1905
1,000
M
1.346,000
& s Mch 1 1955
5g
do
do
Cuba Eastern Terminals first mortgage guaranteed- .
.1905
1,000
6
74,000
F A A Feb 1 1925
Eastern RR of Cuba first and refunding mtge g o ld ..
1907
2,859,000
Mch 1 1057
6g
do
do
SecurUies to be Issued bv New Co. (Guantanamo & Wester n RR.) under P lan— ’
Common stock $2,750,000 auth............................ ..
2,613,500
1st pf stock (also as to ass) 7% non-cum $2,750,000.
2,613,500
2d pf stock (also as to ass) 5% non-cum $250,000..
110,500
1st mortgage $600,000 gold______________________
____
1909
600.000
6g
____
Cuba RR— Common stock $10,000,000.......................
100 6,126,000
Preferred stock 6% non-cumulatlve $10,000,000..
____
______
100 10,000.000 See text See text Feb I ’ l l , 2%
First mtge gold $20,000 per m ile ........... Q xc*Ar»
596 1902 1,090 Ac 11.910.000
5 g J A J July 1 1052
Royal Bk of Can, N Y
Impt & equip M, g, $12,000 per m ................Nxc*
______
1910
500 Ac See text
M A N May 1 1960
5g
____
1908
Cumberland Corporation— Coll trust gold notes...........
1,000 15,000.000
5g
J A D15 June 11912
New York Tr. Co., N. Y.
Cumberland & Pennsylvania— First mtge gold guar..
57 1891
1,000
M A N May 1 1921
1.000,000
5g
Guaranty Trust Co. N Y
Somerset Coal car tr assum $76,000 yrly...........FBa
1006
1,000
608,000
5
J A D Dec 1911 1018 Fidelity Trust Co, Balt
penses, Ac., but lessor to Issue Its stock or bonds for permanent Improve
m ents— (V. 81, p. 899, 974, 1723; V. 83, p. 625; V. 87, p. 414.)
C O N N E C T I N G R Y . ( P H I L A D E L P H I A ) . — Owns from Girard Ave. to
Frankfort Jet., Phlla , 6 m.; North Phlla. to Chestnut Hill, 7 m.; branches,
Ac.. 23 m.; total. 36 m. V. 73, p. 390. Stock authorized, $5,800,000; out
standing $3,613,650; all owned by Pennsylvania R R ., which operates
road under lease, assigned to that co. by Phlla. A Trenton R R ., terminating
Feb. 18 2862. Dividends 4% yearly (J. A D .).— V. 75, p. 1354.)
C O O P E R S T O W N & C H A R L O T T E V A L L E Y R R . — [See Map Del. A
Hud.).— Owns Charlotte Crossing to Davenport Centre, 4.51 m.; leases for
99 years from Jan. 1 1889, Cooperstown A Susq. Valley R R ., Cooperstown
to Charlotte Crossing, with branch to Cooperstown Jet., 19.48 m., guaran
teeing Interest on latter’s $200,000 5% bonds. Year ending June 30 1910:
gross, $67,983; net Income, $26,146; charges, $14,473; bal., sur., $11,673.
Stock, $45,000; acquired July 1903 by Del. A Ilud.— (V. 77, p. 88.)
COPPER RANGE RR.— Calumet, Mich., to Mass City, with branches;
total, 82 m.; sidetracks, 33 m. Stock. $4,244,300, of which $1,039,200
owned by Copper Range Consolidated (Mining) Co. Bonds limited to
$20,000 per mile of main line and branches and $15,000 per mile of sidings.
Of the $2,280,000 bonds outstanding, $870,000 were In Jan. 1910 held In
the treasury of the Copper Range Consolidated Co. V. 78, p. 228. Divi
dend, 10%, paid Nov. 1909 from accumulated surplus.
EARNINGS.— 4 m o3.,fl910...................Gross, $256,545; net, $96,305
July 1 to Oct. 31.
\1909...................Gross, 274,098: net, 143,578
Surplus after charges, 4 mos. In 1910, $33,455, against $94,553.
Year ending June 30 1910, gross, $747,861: net, $307,952. In 1908-09,
gross, $766,021; net, $224,067. In 1907-08, gross, $807,322; net, $204,042;
lnt., $149,850: bal., sur., $54,192. Pres., William A . Paine; Sec. and
Treas., Fred. Stanwood, Boston.— V. 78, p. 228.)
COPPER RIVER & NORTHWESTERN RR.— Projected from Cordova.
Alaska, on tidewater, through the Copper River Valley to Copperflelds near
the Chltlna River and the Behring Lake Coal fields. Ac. Of this, 149 miles,
from Cordova to Chltlna, had been opened InJNov. 1910 and a total of 200
miles was expected to be in operation by spring of 1911 Understood to be
controlled by J. P. Morgan A Co. and the Amcr. Smelt. A Ref. Co. Interests.
Stock authorized, $5,000,000; par of shares, $100. In Aug. 1909 filed a
mtge. to secure an Issue of $50,000,000 5% 50-year bonds. None of the
bonds outstanding in the hands of the public in July 1910.
V. 89, p 410
PreSj. S. W . Eccles; Vice-Pres., W. P. Hamilton; Treas., E. S. Pegram;
Sec., W . E. Bennett. Office, 165 B’ way.— (V. 91, p. 1253.)
„ C O R N W A L L & L E B A N O N R R . — Owns Lebanon, Pa., to Conewago,
21.66 m.; branches,4.78 m. In 1901 the Pennsylvania Steel Co. acquired
$540,000 stock: remainder mostly owned by Lackawanna Steel Co.
DIVU894. ’ 95. ’96. ’97. ’ 98. ’ 99. ’00. ’01. ’ 02 to ’ 06. ’07 ’08. ’09. 1910.
P .C .) 2
4
4
3
4 4V* 5 5J*
6 y’ly
8 7
8
10
In 1909-10, gross, $433,590; net, $171,559; other Income. $21,313;
charges. $38,561; dlv; (10%), $80,000; bal., sur., $74,311.— (V. 89, p. 224.)
CORVALLIS & EASTERN RR.— See page 169.
“ COTTON BELT.” — Common name for St. Louis Southwestern Ry.
CRIPPLE CREEK CENTRAL RY.— Divide, Col., to Cripple Creek and
Florence, Ac., 76 m.; Victor to Vista Grand, 6 m.; branches and spurs to
mines, Ac., 45 m.; total, 127 m., of which 47 m. standard gauge. Controls
Midland Terminal R y., Florence A Cripple Creek R R ., Golden Circle RR.
Canon City A Cripple Creek R R ., Colorado Trading A Transfer Co. See
V. 69, p. 851, 1011, 1103; V. 72, p. 984; V. 74, p. 880; V. 77, p. 1542.
Reorganization, per plan In V. 78, p. 2018; V. 77, p. 1542, of the Denver
A Southwestern, foreclosed Oct. 4 1904. V. 79, p. 1461.
STOCKS AND BONDS.— Com. stock, $2,500,000; 4% non-cum. pref
stock. $3,000,000: par of shares, $100. V. 82, p. 1156; V. 85, p. 1209.
DIVIDENDS.— On pref., 3% paid July 20 1905; Oct. 25 1905, 1%
(quar.); Jan. 1906 to Oct. 1907, 4% yearly (1% Q.-J.): 1908, Sept. 1, 3%
for 9 mos. ending June 30 1908; Dec., 1% : 1909 and 1910, 4% (1% Q.-M .).
On com., Oct. 25 1905, 3% ; In 1906, 7 ^ % , Incl. 2% extra; 1907, 6%
(Q.-J.); none since to Jan. 1911.
REPO RT.— Report for year ending June 30 1910 was InW. 91, p. 1157,
showing gross earnings of roads controlled, $668,255; net Income of roads
over charges, $58,623; total net Income of parent co. above all expenses,
$155,090; dlv. on pref. stock (4 % ), $120,000; total surplus June 30 1910,
lncl. $172,615 surplus of previous years, $207,705. Pres., Henry M.
Blackmer; V .-P ., Lorenzo Semple; Sec. A Treas., John Gorlow. Office.
I l l Broadway, N. Y .— (V. 89, p. 847, 1409; V. 91, p. 1157.)
CRYSTAL CITY & UVALDE RR.— Owns Uvalde, Tex., south to Carrlzo
Springs. 53 miles, completed April 1910: Crystal City to Gardendale, 41 m.,
opened Dec. 1910. Incorporated In April 1909. Stock authorized, $50,
000.
In April 1910 applied for permission to issue bonds at $15,000 per
mile. V. 90, p.447. Details of securities not available July 1910. Pres.,
J. E. Franklin; V.-P. and Gen. Mgr., A . R . Ponder; Sec., Carl F. Groos.
Office, Crystal City, Tex.— (V. 90, p. 447.)
C U B A E A S T E R N R R . — Owned from port of Bogueron at Granadlllo Bay,
on south coast of Cuba, northwest via Guantanamo to forest lands owned by
the Cuba Hardwood Co.. 43 miles; leases for 09 years Northeastern Cuba
RR. from San Pre to San Luis, 47 miles, with 6 miles of branches. Pro
jected to NIpe Bay and Manzanillo. Sold In foreclosure to reorganization
committee Aug. 1909 under first and refunding 6s of 1907. V. 89, p. 285,
666. The Guantanamo A Western R R . was Incorporated as successor In
Oct. 1909. V. 89, p. 1068.
Bondholders’ Committee.— BenJ. P. Cheney, Chairman; P. Chauncey
Anderson, 25 Broad St., N. Y ., Sec.; New York Trust Co., N. Y ., and Old
Colony Tr. Co., Boston, depositaries. V. 86, p. 420, 337,1409; V. 88,p.294.
PLAN.— The plan of reorganization declared operative early In 1909
(V. 88, p. 294) provides for a merger of the allied companies with new cap
italization as shown In the table above and. If desired, a voting trust to
hold the new stock for not to exceed 5 years. The $600,000 bonds are to
be offered at 85% with a bonus of 25% each In first pref. and common stock,
to provide for floating debt, reorganization expenses, 3 years’ lnt. on the
bonds. Improvements, rolling stock and working capital. The Knicker
bocker Trust Co. of N. Y. has underwritten $250,000 bonds on condition
that at least $200,000 additional are disposed of.
The old mtge. bonds are to receive 50% each In 1st pref. and common
stock and the Cuba Eastern debentures 50% In 2d pref. stock. There will
be left In the treasury about $136,500 of each class of stock.
Pres., Edgar Van Etten. Office, 66 B’ way, N. Y — (V. 89, p. 1068.)
C U B A R R . — Owns from Santa Clara, Cuba, to Santiago de Cuba, 356
miles; branches, Zaza Jet. to Sanctl Splrltus, 8 miles; Alto Cedro to the Bay
of Nlpe, 31 m.; Ponupo branch, 11 m.; Jatlbonlcobranch,5 K m.; Holguin
branch, 11 m.; Manzanillo branch, 32 K m.; Bayamo extension, 141 m.;
total, 596 miles. See V. 75, p. 1157, 1347. Govt. loan, $319,599 June 30
1910, any balance not repaid by Govt, transportation service to be paid
Dec. 15 1916 without lnt. V. 83, p. 1093; V. 88, p. 944; V. 91, p. 1253.
First dlv. on pref., 1 M %. paid Aug. 2 1909; 1910, Feb., 1 H % ; Aug., 2% ;
1911, Feb., 2 % . 1st M. bonds, appllc. to list, V. 86, p. 924; V. 88, p. 451;
V. 89, p. 162; V . 91, p. 38, 1253. Stockholders on June 27 1910 authorized
a mortgage to secure 5% Improvement and equipment bonds not exceeding
$12,000 per mile (excluding sidings) owned; In Aug. 1910 $3,300,000 were
deposited as collateral for 2-year 6% notes due Aug. 15 1912. Bonds are
also Issuable In francs. V. 91, p. 588, 1253.
EARNINGS.— For 5 months ending Nov. 30’
Gross.
Net.
Charges.
Balance.
1910
$1,024,817
$422,489
$183,333
$239,156
1909
......................
807,683
252,084
178,544
73,540
REPORT for year ending June 30 1910 was In V. 91, p. 585, showing
gross earnings, $2,559,336; net over taxes, $1,107,299, Interest on bonds,
$435,210; pref. dlv. (3% ), $300,000; bal., sur., $372,089.
In 1908-09,
gross, $2,157,165.
Pres., Sir William C. Van Horne; V.-P., Gerald L. Hoyt; Asst, to Prest.,
Geo. H. Whlgham; Sec., Herbert C. Lakln; Treas., Stephen H. Voorhees.
Office, 83 Montgomery St., Jersey City, N. J., 170 Broadway, New York.
— (V. 90, p. 166, 1675; V. 91, p. 38, 585, 588. 1253.)
C U M B E R L A N D CORPORATION — ORGANIZATION.—A holding com
pany owning the stock ($10,000,000) of the Cllnchfleld Coal Corporation
(V. 80, p. 2346, 2222, 224), which owns 285,000 acres of coal lands In Vir
ginia. stock of the Carolina Cllnchfleld A Ohio Ry. and a block of the Sea
board Co. stock (see the two companies last named In this Section.)
Stock, common. $25,000 000; 6% pref., $15,000,000, all paid In. In
July 1906 sold $15,000,000 notes secured by stock of the Carolina Cllnchfleld
A Ohio, Cllnchfleld Coal Corporation and Seaboard Co. (sec table above).
— V. 88, p. 944.)
C U M B E R L A N D & P E N N S Y L V A N I A R R . — Owns from Cumberland.
Md., to Piedmont, W. Va., and several branches, 57 miles. Owned and op
erated by Consolidation Coal Co., which guarantees by endorsement the
first mortgage. V. 52, p. 390. Stock, $1,500,000: par. $100. On Dec. 1
1907 purchased 1,523 cars from the Somerset and Fairmont coal companies,
assuming the car trusts Issued thereon, viz., $836,000 of Somerset Co. (see
table above) and $45,000 additional, which matured In series to May 1909.
V. 85, p. 1401. For year ending Juno 30 1909, gross, $772,380, against
$952,653 In 1907-08: net, $199,598, against $305,340; other Income, $105,
742; lnt., taxes, Ac., $147,582; dlvs., $345,690; bal., det., $187,832.
— (V. 85, p. 1401.)
C U M B E R L A N D R Y . & C O A L C O . — See V. 91, p. 1629, 1766; V. 92. p.
186, and Dominion Steel Corporation under “ Industrials.”
CUMBERLAND VALLEY RR.—See Pennsylvania RR.
DAYTON LEBA NONA CINCINNATI RR.&TERMINALCO.— Seep. 165.
D A Y T O N & M I C H I G A N R R . — Owns Dayton. O., to Toledo June., O..
141.82 m.; trackage Into Toledo, 0.92 m. Leased May 1 1863 In perpetuity,
to Cln. Ham. A Dayton. Lease modified June 23 1870. Rental Is mainte
nance of organization, lit. on bonds and 8% on pref. stock and 3H % on
com. Guaranty on pref. Is secured by mtge. of 1871, but the pref. carries
no voting power. V. 56, p. 813. Mtge of 1856 Is held alive under mtge. of
1881, C . H. A D. reserved notes of 1908 to retire bonds. Bonds (formerly
5s) extended 1911 at 4 )$ % . V. 91, p. 1446; V. 92, p. 118.— (V. 92, p. 118.)
D A Y T O N & U N I O N R R . — Owns from Dodson, O., to Union City, Ind.,
32 miles; leases Dayton to Dodson, 15 miles; total operated, 47 miles.
The Cleve. Cln. Chic. A St. Louis and Cln. Ham. A Dayton Jointly own the
$86,300 stock. The $225,000 7% bonds were paid off at maturity Dec. 1
1909 from proceeds of sinking fund. V. 89, p. 1347. Year ending June 30
1909, gross, $161,793; net, $18,706; other Income. $10,203; charges,
$36,405; bal., def., $7,406.— (V. 89. p. 1347.)
DAYTON UNION RY.— Union depot at Dayton, O. Used by Pitts
Cln. Chic. A St. L., Clcv. Cin. Chic. A St. L., Cln. Ham. A Dayton, Dayton
A Union RR. and Erie R R ., under lease which provides that Interest on
bonds and other expenses be divided between them on train basis. Stock,
$321,000, all com
Pres., W. C. Brown, New York; Sec.. W. F. Stark.
Dayton. O. Office, Cincinnati. O.— (V. 73. p. 1312.)
DELAWARE RR.— [See Maps Pennsylvania RR.)— Shellpot Crossing,
Del., to Delmar, Md., 95.20 miles; branches. Centrevllle, Md., to Townsend.
Del., 34.99 m.; Clayton, Del., to Oxford, Md., 54.27 m.; Scaford, Del., to
Cambridge. Md.. 32.96 m.; Masseys, Del., to Chestertown, Md., 20.52 m.:
other branches 10 98 m.: total, 248.92 miles. V. 67. p. 1356.
Leased to Philadelphia Baltimore A Washington (which owns $2,829,007
or the stock) for 99 years from Mch. 1 1910 at a guaranteed rental of 8% on
the stock, a special stock dividend of 70% being paid Feb. 28 1910; also a
special cash dividend of 20% and an extra cash dividend of 5% .
Dlvs. prior to lease, 1898 to July ’ 06, 6% y’ly; '07, 8% ; ’08. 8% ; ’00. 8% ;
’ 10, Jan., 4% . In yr. end. Oct. 31 1909. gross, $2,032,253; net, $670,583;
other Inc., $43,501; int., rentals, Ac., $223,232; dlvs. (8%) $238,978; extraord. exp. fund, $200,000; bal., sur., $51,854.— (V, 90, p.913, 1554.)
DELAWARE & BOUND BROOK R R — Owns from Bound Brook (Cen
tral of N. J.) to Delaware River, 27 miles; branch to Trenton, 3.79 m.;
second track, 27.02 m.; third track, 9.02 m.; all track, 84.36 m. In May
1879 leased for 990 years to Phlla. A Reading R R . Rental, $213,000, pavng Int. and 8% on stock: lease assumed by p. A R. Ry. (V. 81. p. 210.)
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RAILROAD COMPANIES
[For abbreviations, &c., see notes on first page]
Miles Date
Road Bonds
Par
Value
Amount
Outstanding
Rale
%
When
Payable
Last Dividend
and Maturity
Dividends are Payable
Dayton Leb & Cin RR & Term— First Ml g red (te x t)..
29 1907
$1,000 NoneSep’ lO
3 g J A D June 1' 1022
C
Dayton & Michigan— Com stock (3V4 % guar C H &D)
__ 1871
50 $2,40 1,950
3>4 A A O Oct 1 1910 1'/, (
Preferred (8 % guaranteed C H 4 D I endorsed . . . .
__ 1871
50
8
1,211,250
Q— J Jan 1 19H 285
do
1st M, gu p & l end, ext In 1911, red 102 'A beg 1917.C
142 1881
1,000
2,728,000
4 'A (5) J A J Jan 1 1931
J P Morgan & Co N Y
Dayton Union Ry - First mtge sink fund call at par.F
__ 1899
1,000,
450,000
I
4 g J A J July 1 1949
Delaware— Stock 8% guaranteed__________________
249 ___
25 5,078.282
8
J A .1 Jan 1 1911 4% C
General mortgage gold...................................... FP c
113 1892
1,000
500,000
4V4 g J A J July 1 1032
l
d St Station Phil*
Delaware A Chesapeake 1st M assumed cutreney. .c
54 1882
4
1,000
400,000
F A A Feb 1 1012
do
do
Delaware & Bound Brook— Stock 8 % gu Phlla A Read
__ ___
8
100
1,800,000
J — 9 Nov 2 1910 2% 1
First mortgage $1,800,000 guaranteed ..P e P c*Ar
34 1905
1.000
1,800 ,000
3H g F A \ vug 1 1955
>\
Delaware & Eastern Ry— D & E RR 1st M $1,000,000
__ 1906
1,000
1 ,000.000
5 g J A J July 1 1956
J
D & E R y 1st M g red 105.............................. ..x c *
- - - 190 7
500 Ac
915,000
5 g J A J July 1 1057
5
Delaware & Hudson— Stock $55,711,500 (text)____
— —
100 42,5 '2,000 9 In 1911 Q — Mch Dec 20 1910 2 <4 1
First M on Pennsylvania Dlv ($10,000,000).Un.cAr
—
1877 1,000 Ac
5,009,000
7
VI A S Sept 1 1017
do
do
Schenectady A Duanesburg first m ortgage.______
14 1874
100 Ac
500,000
\1 A s Sept 1 1924
6g
do
do
Adirondack 1st M gold guar p A 1 end . . . Us.c*Ar
57 1892
1,000
1 .000,000
M
4
^
g
A
s
Mch
1
1042
do
do
1 s t* ref M $50,000 000 g sf red 107)4 beg’ 18.xc» Ar*
— 1908 1,000 Ac 27,704,000
4 g
M A N May l 1043
do
do
Debentures $14,000,000 gold conv (see text)__c*Ar
—
1906
1,000 13.976.00ii
.1 5 A D June 15 10 6
4g
do
do
Debentures $2,500,000 $200,000 annually Jan 1 . . .
—
1900
10,000
5)0,000
A
.1
.1
1912
to
1914
do
4
g
do
Equip 1st lien bonds $10,000,000 g s f__ iJsm xc*Ar
. . . 1907
1,000 10 ,000.000
4 4 g J A J July 1 1922
do
do
Guaranteed Securities—
Hudson Coal Co deb guar p & 1 end part due yearly
— ’01-02
1,000
1.475,000
M A N May l lo l l it
4g
do
do
Bluff Point Land Improvement Co 1st M g gu___ c*
—
1890
1,000
300,000
4 g J A J Jan 1 194u
do
do
Chat Ore & I refunding mortgage call 105__ N-e*Ar
—
1902
1,000
1.300 ,000
J
A
.1
4
g
do
do
Albany & Susquehanna RR, N Y A Canada RR. Ch ateaug ay A I, ake Placl d R R . Utlc a Clinton A Bing —See those cos 11
Delaware Lackawanna & Western— Stock $30,277,000
—
'SO 30.277.000 20 lnl910 See te \t . Jan 20 1911 2 44 9
- .Bangor A Portland mortgages gold_____________
— ’80-’86
100 Ac
320,000
6 g J A J 1930-1036
5 0 West St New York
Delaware Maryland & Virginia—June A I) — 1st mtge
39 I860
All
185,9119
a
.1 (V J
tad St Station Phlla
Break & Frank 1st M to State red since Jan 1895..
19 1874
All
200,000
J A J Jan 1 1932
3
do
do
Other mortgages________ _______ ________ _____ c+
do
do
Del River RR & Bridge — 1st M gold gu p A 1 ..O P .e*
10 1896
1,300.009
1,000
F A A Yuur \ 1936
4g
\
Denv Boulder & West— Inc 1st M $800,000 au red par
—
1909
100 Ac
700,000 To 5% See text. July 1 1939
P
Denver Lar & N W— 1st M g red 108 $30,000 per m Ma
___ 1910
1,000 See text
A A O Apr 11940
5g
\
Denver Northw & Pac— 1st M $22,500,000 g __ Me.e*
210 1902
l ,000 NoneSep’ lO
,vl A S Sept 1 1952
4g
N
>i Denvei
Continental Tunnel 1st M $5,000,non gold guar pAI
6 - - -_
100 Ac S«<* text
6 g
Semi an
Northw Term 1st M $3,000,000 g gu red t e x t ..Me
2,025,000
N
s S J A j July 1 1026
Locomotive equip tr notes gu Am Loc Co due quar.c —
1910
348,609
5
Q -F
May’ l l , Feb’ 10
Denver & Rio Grande—Stock common (see text) - I'r
___ —
loo 38,Olio,999
Preferred stock 5% non cumulative $50.000,000.Tr
___ —
100 49.770.840 5 In 1910 J A j Jan 16 1911 2 M O
165 B’way N Y
1st consol M $42,000,000, now 1st M g..U s,c*& r J1,667 1886
500 Ac 33,922,009
4 g J A j Jan 1 1036
’ N
11,667 1886
1,000
6,382.000
4*4 <r J A j Jan 1 1936
do
do
D E LAW ARE
&
E A S T E R N .— See page
169.
DELAWARE & H U D S O N C O . — (See M ap.)— Operates railroad lines
from Wllkesbarre, Pa., via Albany, N. Y ., to Rouse’s Point, on Canada
line, with branches. 845 miles In all. V. 68. p. 871.
Lines owned—
Miles. | Lines leased— 'See these cos. Miles
Lackawanna A Susquehanna------22 I‘ Albany A Susquehanna.............142
Valley RR. of Pa . . . -------------- 17 |'Rensselaer A Saratoga................ 192
Honcsdalc and other branches.. 2 9 1‘ Chateaugay A Lake Placid R R . 80
22
Schenectudy A Mechanlcvllle------10 |’ Union R R .....................
Cherry VaL Sharon & A lbany.. 21 |•Jefferson RR. (trackage).........I 35
New York & Canada-------------------150 I
Other lines........................... 50
Schenectady A Duanesburg.........141
___
Adirondack Ry
------------------- 5 7 1 Total operated Jan. 1 1910...8 45
•Cooperstown A Charlotte Valley 4 |
Also leases Utica Clinton A Binghamton and Rome & Clinton R R ., 44
miles, sub-let to N. Y. Ontario A Western. The company owns the Quebec
Montreal A Southern R y., which extends from St. Lambert, opposite
Montreal, through Sorel to Plerrevllle, and from Novan Junction to St.
Roberts Junction on the aforesaid line, a total of 144 miles; an extension
from Plerrevllle to St. Phllomene, 48 m., was completed in June 1909.
The line will be ultimately continued to Levis, connecting with the Quebec
Bridge at Chaudlere Jet., a total distance of 50 or 52 m. V. 81, p. 1610;
V. 83, p. 379; V. 84, p. 338, 623. On May 23 1908 the New York A Canada
R R . was merged, and In July 1908 the Cherry Valley Sharon* Albany RR.
In Feb. 1905 a half Interest In the stock of the Schenectady Ry.. 116 miles,
was purchased. V7 82, p 687. Owns $12,499,600 of the $12,500.00'’
stock of the United Tract. Co. of Albany, which In 1906 acquired control of
Hudson Valley (Electric) Ry. V. 81, p. 1550, 1610; V. 84, p. 51.
HISTORY, Ac.—This company was chartered April 23 1823. It Is one
of the largest miners of anthracite coal. The Hudson Coal Co., whose
stock Is owned, controls coal lands having In 1908 an estimated tonnage
of mlnable coal of 423,265,353, and In June 1909 agreed to purchase the
•ntlre present and future coal output of D. & H. V. 86. p.913; V. 88, p.1499.
DIVIDENDS— 1 '87. ’88. '89 to ’ 96. ’97 to ’00. 01 to ’06. ’07. to ’ l l .
S,rJ£e .l?86 7 ‘ 7 “ ,W , £ ,6 „ 7 yearly. 5 yearly. 7 yearly.
9 yearly.
Dividends In 1911 fixed at 9% , payable quarterly. V. 90, p. 54.
STOCK, ETC.— In 1900 to 1906 $1,288,500 stock was retired by sinking
fund; none since. The stockholders voted May 10 1910 to permit the
sinking fund to be used to pay cost of additional coal reserves or for other
capital purposes. V. 90, p. 1044. Compare V. 68, p. 926, 1180.
Stockholders May 9 1905 authorized Increase of $5,000,000 stock for con
version, at option of holders, to April 1 1916, of $10,000,000 Albany & Susq
3H % bonds, dated April
1906. on the basis of $500 stock for $1,000 of
bonds. The bonds weie sold at par pro rata to D. & H. stockholders to
AJJ,any
63 and 7s>effecting a material saving of Interest
in 1909 the Albany & .Susq. stockholders were held by higher Federal courts
to be entitled to the benefit of this refunding. Increasing the yearly rental
paid, v 85. p. 721; V. 83, p. 1036; V. 80, p. 1174, 1362, 2343; V. 88.
n. 038, 1499-V. 89, p. 1068. 1141; ’V. 90, p. 911. To Jan. 1911 $3,555,000
bonds had been exchanged for D. & H. stock.
Stockholders Feb. 19 1906 authorized Increase of the stock by $7,000,000
to provide for exchange of an Issue of $14,000,000 of 4% 10-year debentures
dated June 15 1906, which was subscribed by stockholders at Dar. The
debentures are exchangeable for stock at the rate of $500 stock for $1 000
debs. btn. June 15 1907 and 1912, lno. V. 81. p. 1848; V. 82. p. 687’.
The equlpt. Hen 4>4s of 1907 ($10,000,000 Issue) have an annual sinking
fund of $650,000 to purchase bonds of the Issue, other securities or addi
tional equip, to come under the mtge. V. 84. p 1247, 1307; V. 85. p. 1082
On May 12 1908 the stockholders authorized a first and refunding mort
gage for $50,000,000, bearing not over 4% Int. and running 35 years, and
subject to redemption as an entirety only at 107>4 on any Int. day, beginning
May 1 1918. One per cent of the amount of bonds outstanding is to be paid
to the trustee June 1 annually from 1909 to 1942, to be used to purchase
bonds or for Improvements and extensions. Of the Issue, $6,500,000 will be
reserved to retire the outstanding 1st M. bonds; $20,704,000 were Issued to
discharge outstanding obligations maturing during 1908 or for construction
work In progress, and In Jan. 1911 $7,000,000 additional bonds were sold for
Improvements and additions. V. 86, p. 981. 1409, 1589; V. 87, p. 96, 480,
1419, 1604; V. 89, p. 847, 1541; V. 90, p. 54, 167; V. 92, p. 186.
EARNINGS .— 11 m os.J 1910_____ Gross. $18,701,478; net, $7,534,442
Jan. 1 to Nov. 30.
11909_____ Gross, 17,839,871; net, 7,298,917
REPO RT.— For 1909, In V. 88, p. 911.
Year end. Dec. 31—
1909.
1908.
1907.
Anthracite coal carried (tons)........... 7,602,877
9,165,689 10,025,312
Gross earnings of railroads..................$18,525,859 $18,500,731 $20,165,440
Net (railroads)...................................
8,067,380
7,689,010 8,471,011
Coal department (net).........................
507,875
1,145,418 1,173,206
Other Income.........................
1,816,744
1,504,675 1.564.301
Total net Income ...............................$10,391,999 $10,339,104 $11,208,518
Miscellaneous rentals.............................. $2,076,266 $1,897,628 $2,353,528
Int., taxes and miscellaneous_______
Dividends on stock, 9 % .....................
3,120,893
3,825,090
3,187,018
3,816,000
2,389,816
3,816,000
Balance, surplus...............................$1,369,750
$1,438,458 $2,650,173
*1 J o ? o a.r,nlngs ot the coal department In 1909 were $16,340,290; expenses,
$15,832,415; net, $507,875. In 1908, $23,847,116; net, $1,145,418.
OFFICERS. —Pres., L. F. Loree: Chairman Exec. Comm., R. M. Oly
Ph/mt: v - * • Chas. A. Peabody; 2d V.-P. O. S. Sims; 3d V.-P., W H
Williams; TYeas.. C. A. Walker; Sec., F. M. Olyphant, Comptroller, W. H.
Davies. 32 Nassau St., N. Y.
Managers.— Robert M. Olyphant, Chauncey M. Depew, John Jacob
Astor, L. F .Loree, William S. Opdyke, Archibald D. Russell, Cornelius Van
derbilt, R. Suydam Grant, George I. Wilber, C. A. Peabody, Robert S.
Lovett, James A. Linen and Robert C. Pruyn.— (V. 90, p. 1044, 1296
1424; V. 91, p. 790, 1766; V. 92, p. 118, 186.)
DbLAYVARE LACKAWANNA & WESTERN R R . — (See M a p .)— Oper
ates main line from Hoboken, N. J., opposite N. Y. City, to Buffalo, N. Y.
410 m.. with branches to anthracite region. &c.. 547 m., viz.: (‘ see this co.)
Lines owned—
Miles
Lines Leased (Concl.)—
Miles.
N. J. State line to N. Y. line____ 114 Greene R R ..................................... 8
Branch to Northumberland_____80
•Oswego & Syracuse...................... 35
Hopatcong, etc.............................
z •Utica Chenango & Susquehanna 97
Erie A Central New York...........18
•Valley RR. of New York______ 11
Bangor & Portland R y __________ 38
Lines controlled and oper.—
Hanover & Newport R R ............. 7 •Syracuse Binghamton & N. Y ._ 81
Lines leased— (See each co.)
Sussex R R _____________________ 31
•Morris & Essex and leased brchs.176 Lackawanna A Montrose R R __ 11
*N. Y. Lackawanna & Western.214
•Cayuga * Susquehanna . . _ 34
Total operated Jan. 11»10 .
057
Cut-off between Slateford, Pa., and Port Morris, N. J ., under construc
tion. under charter of Lack. R R . of N. J., 28 in., to be completed by end of
1911, will shorten tne 11)4 miles. V. 86, p. 543; V. 90, p. 557. The new
Bergen Hill tunnel, % mile, was opened for traffic Feb. 14 1909.
HISTORY, &o.— Original company chartered In 1832, present title as
sumed In 1853. In 1903 purchased entire stock N. Y. & Hoboken Ferry Co.
«nnnnnnUtle. . 19? 9 ,th? P- [j- * vV• pool Co. was Incorporated with $ 6 .800,000 authorized stock to act as selling agent for the company’s coal In
Pennsylvania, the railroad stockholders being permitted to subscribe for
Its stock pro rata to the extent of 25% ot their holdings. See extra divi
dend below. V. 89, p. 41; V. 90, p. 557. Quarterly dividends of 2 44% on
the coal company’s stock were begun In Jan. 1910. V. 90, p. 54.
In Dec. 1909 sold $1,850,000 Lehigh Valley RR. stock. V. 90, p. 54. 557.
. STOCK.— Increased In 1909 from $26,200,000 to $30,277,000 to provide
for 15% stock dividend, Ac. V. 89, p. 4 1 , 348.
DIVIDENDS—
1’86 to ’ 03. ’04. '05. ’ 06. ’07. ’08. ’09. 'IP. 1911 .
Since 1885 ------------ % / 7 yearly *17 *19J4 *20 *20 *20 *70 *20Jan.2U
• The quarterly dividend was Increased from 1 % to 2 J4% In April 1905;
an extra 10% was paid In Deo. 1904 to 1910 Inclusive. In July 1909 a
special cash dividend of 50% was paid, one-half being applicable, Ir desired,
to subscription of stock of new D. L. & W. Coal Co. selling agency; also
15% stock dividend paid Aug. 2 1909. V. 89, p. 41, 224.
EARNINGS.— 5 m os.J 1910____ Gross, $15,501,444; net, $6,332,241
July 1 to Nov . 30. 11909____ Gross,
15,489,776; net, 7,469,254
For 9 mos. ending Sept. 30 1910, net, $11,432,412, agst. $11,394,951 In
1909; other Income, $3,281,910, agst. $4,742,592; charges, $7,739,589,
agst. $7,056,186; bal., sur., $6,974,733, agst. $9,081,357.
ANNUAL REPORT.— Annual meeting Is held on Tuesday preceding
last Friday In February. The Report for 1909 was In V. 90, p. 557. Com
parisons with 1907 are Inaccurate, owing to changes In method of account
ing. The following Includes all lines except Syr. Bing. & N. Y.,Sussex RR.
and Lack. & Mont. R R . In 1909, and In earlier years the Bangor & Portland.
Year ending Dec. 31—
1909.
1908.
1907.
Passenger earn in g s........................
$6,825,430 $6,449,032 $6,757,596
Freight earnings________
25,858,081
24,408,710 26,597,224
Miscellaneous....................................... 2,131,500
2.040,753 3,909,653
Gross .........................................
$34,815,011 $32,898,495 $37,264,473
Net after taxes...............
$15,039,686 $13,249,939 $14,375,034
Coal department (net).............................*4,628,771 *4,166,793 *4,224,921
Other miscellaneous Income................ 3,845,038
1,513,458
040,234
Total net Income.............................. $23,513, >95 $ 18 , 930,191 $19,540,189
Interest and rentals.............................. $5,163,383 $5,160,140 $5,309,958
Rentals, advances, A c ..................
271,563
320,816
291,323
Renewals and betterm ents............... 2,099,454
3,820,088
2,781,603
Dividends (1 0% ).......
*2,817,216
2,620,000
,020,000
2
Extra dividend (10% )...............
*3,014,370
2,620.000
2,620,000
Balance, surplus, after dividends..$10,147,609 $5,457,125 $4,849,327
£Q
a.r.n’nJ f ^f,t? ? 0c° al,dePt„'Jn 1909 (7 mos.), $35,665,805; expenses, $31.2 »?,0«9^ ’iSRHa-.4,6ion’J 7,1: 1908 (year>- $41,487,555; expenses, $37,320,762;
net, $4,166’793, 1907 (year), earnings, $42,184,935; net, $4,224,921.
. i / t o 50^ S ^ ra. ca3h dividend paid July 20 1909 and 15% stock divi
dend Aug. 2 1909. from profit and loss.
OFFICERS.— Pres., W . H. Truesdale; Sec. and Treas., A . D. Chambers.
T T ^ ^ ? DA_ ^ 'reJlk- } V - Vanderbilt, Wm. H. Moore, Eugene Higgins’
®nry A •c. ■Taylor, J. Rogers Maxwell, Geo. F. Baker, Wm. Rockefeller*
, Tf?a , r •Jr;> James Stillman, M. Taylor Pyne, Harris C. Fahnestock*
Frank Work* John D. Rockefeller Jr., William Fahnestock. Office. 90
West St., New York.— (V. 90, p. 559, 097; V. 91, p. 154, 710, 1629.)
^ R .EL/^ Y AR.E MARYLAND & VIRGINIA R R .-O w n s from Harrington
to Franklin City, Va.. 78 miles; Georgetown to Rehoboth, Del., 20 miles;
total, 98 miles. Controlled by Phlla. Balt. A Wash., which owns $326,200
of the $o26.758 stock (par $25), and so by Penn. RR. See V 50 p. 498.
In year end. Dec. Si 1D09, gross, $327,003; operating def., $2 , 992 ; Int.,
fntArAofk0,’ $52,588; bal.,def. for year, $55,580— but this does not Include
Interest on floating debt (of $880,249 Dec. 31 1909).
Pensauke^A&E
rR IVand
Ef branches,
,««• & BRIDGE
CO .-Frankford Je t., Pa., to
rensauKen, n . J.,
0.52 miles.
*namnrcL8thY.n }$1.300,000) Is all owned by the Pennsylvania R R ., which
n ^ iono t^ Tn! ’ 1Sf>li,c pal and Interest, by endorsement. Dividends;
■
J’me 1006. Incl., 4% yearly (2 .LAD.); Dee. 1906. 3% - 1907.
PAnnnr°ifn ™ n i i 900c.ancl 1910>Jhnc>2% : Dec., 4% . Sink, fund, 1%;’ bonds
cannot be called. Guaranty, V. 63, p. 1062, 1159; V. 89, p. 1596.
& NEYV ORLEANS R Y .-B on ham Jet. to BonT
i 4 ™‘1lcs- Operated 8lnce completion. Dec. 1 1901. by the Mo.
Kans. A Tex. under a 10-yr. contract. Stock, $50,000. In Nov. 1905 perRifff Sona98 K\7U7r 0 re**3t.er $325,000 30-year gold bonds; none outstanding
tU & U t^ o v -,,76*(P/ 381: V. 81, p. 1610.
Pres., Ed. D. Steger; Sec.,
John YV. Russell.— (V. 77, p. 823; V. 8 1 . p. 1610 .)
DENVER LARAMIE & NORTHWESTERN R R .— Projected to extend
from Denver, Col., to coal fields In Carbon Co.,W yo., 220 miles, and thence
RAILROAD COMPANIES
[For abbreviations, A c., see notes on first page]
Miles Date
Road Bonds
Par
Value
Denver & Rio Grande— iConcluded)
First A ref M >150,000,000 gold red text. _Baxc*Ar* 2,529 1908 5 A mks
500
improvement mortgage ($5,uuu per mile) gCs.c*Ar 1,667 1888
180 1890
1,000
Rlo Grande Southern first mortgage guaranteed.Ce
1,000
62 1889
Rlo Grande Junction first mortgage guar------- Cc.c*
435 1880 1,000 Ac
Rlo Grande Western 1st M gold (V 69 p 284)..C e.c*
669 1899 1,000 Ac
First cons mtge redeem at par (see text) g — G.c*
1,000
36 1808
Utah Central 1st M guar (V 68 p 724) gold------- (i
__ 1901
1,000
Utah Fuel Co 1st M $2,000,000 redeem at 110 _.G
__ 1898
1,000
Pleasant Valiev Coal 1st M s f redeem at 115 — G
Salt Lake City Union Depot A R R — See that Co.
__ 1903
1 .000
Equipment bonds Series A gold $75,000 due seml-an
- - - 1907
do
do
Series B red 101 g $75,000 due s a
l.ooo
100
__ ___
100
Preferred stock 7% noil-cumulative---------------------First mortgage gold guar prln A Interest---- Ce.c*Ar
138 1905
1,000
_
_
Second mtge $1,000,000 gold redeem at 105------- la
1006
1,000
Des Moi la F & No— See St. Paul A Des Moines—
Des Moines Union— First M for $800,000 gold.-Ce.c*
5 1887
1,000
Detroit Grand Haven & Milw— First equip M guar-.c*
180 1878
1,000
Consol mortgage guaranteed---------------------------- c*
189 1878
200 Ac
Detroit Hillsdale & S VV— Stock 4% rental L S A M S
65
100
Detroit Grand Rapids A Western— See Pere Marquett e RR
__
Detroit & Mackinac— Common stock, >2,000,000 auth.
100
• Pref st< ck $l,000,0ou auti orized__________________
___
10U
“ First lien” $1,500,000 gold---------- -------------Go*
All
1895
1,000
"Mortgage bonds” $1,750,000 g red at p a r ..__ Gc*
All
1895
1,000
Detroit Toledo & lronton— Com stock (V. 80, p. 650)
100
First pref 4% non-cum (pref as to assets) $7,500,000
100
Second preferred 5% non-cumulatlve $5,000,000__
100
Receivers’ certificates____________________________
1910
do
do
____________________________
1910
General lien A division 1st M $4,253,000 gold. _ N.c* All
1905
1 ,000
Detroit Southern— Ohio South Division mtge-.Ce
263 1901
1,000
Receivers’ certificates_________________________
1908
Consolidated mortgage 522.500.000 gold. . __ K.c* Text
1005
1,000
Notes for Ann Arbor 55,500,000, sec text___ Usm
1anft
1,000
Locomotive notes, part due s-a____________
1909
Sec also next page
Amount
Outstanding
Rate
%
$32,944,000
8,335,000
X2,277,000
2,000,000
15,190,000
14,168,000
390,000
667,000
1,019,000
5g
5K
4g
5g
4g
4g
4g
5g
5g
When
Payable
F
J
J
J
J
A
A
M
J
A
&
&
«Sc
A
&
A
A
<&
Last Dividend Places Where Interest and
and Maturity
Dividends are Payable
A Aug 1 1955
D June 1 1028
J July 1 1940
D Dec 1 1930
J July 1 1939
O Apr 1 1949
O Jan 1 1017
S Mch 1 1931
J July 1 1928
$75,000
4H g
1,050,000
5g
4,283,100
763,500 See text
3,072,000
4g
600,000
5g
M A N May’ 11-May’ 13
M A S Mch’ U-Sep ’ 17
621.000
2,000,000
3,200,000
1,350,000
M
A
A
J
5g
6
6
4
Bank’ Tr Co, N Y A Ber
do
do
Guaranty Trust Co, N Y
do
do’
do
do
August Aug 2 1900 5?i 25 Broad Street N Y
J A J Jan 1 1935
Central Trust Co N Y
A A o Apr 1 1035
A N Nov 1 1917
A O Nov 14 1018
A o Nov 15 1918
A J Jan 5 1911 2%
2,000,000 See text See text
Uou.uuu 5 III lulu J A J
1,050,000
4s
J A I)
1,250,000
J A D
12,500,000
7,500,000
5,000,000
6
833,000
6
188,000
4,253,000
4g J A D
4,495.000
M A S
4
« e
245,000
F A A
2.776.400
5
J A n
See text.
6
M & s
94,500
Jan 3 1911, 2 y2 II K McHarg, NcwYk
Jan 3 1U11 2>i
June 1 1005
Dec 1 1055
Mch 1 1041
Sept 1910 coupon paid
Aug 1 1080
Dec 1 1008
To Sept 1913
Dec ’07 coup last paid
Harvey Fisk A Co, N Y
x Of which >1,677,000 In treasury: there are also *2.233 .000 n ot patarn ntppH
to Boise, Idaho: total. 750 miles, of which 56 miles, from Denver to Gree
ley, Col., were opened May 15 1910, and 12 m. west of Greeley were under
construction In Oct. 1910.
Stock authorized, 530.000.000; par. 5100. Bonds authorized, >22,500,000, at 530,000 per mile; 5560,000 outstanding Oct. 1910; sinking fund,
5250.000 April 1 1925 and each Interest day thereafter. V. 90. p. 1238.
Successor In 1910 of D. L. & N. W Ry. V. 90. p. 502.
Pres., Charles S. Johnson, Denver; VIce-Pres. and Gen. Man., William
E. Green; Sec., Zeph Charles Felt; Treas., W . E. Skinner.— (V. 90, p. 1238.)
DENVER BOULDER & WESTERN RR.— Boulder to Ward, Colo., 26
miles: Sunset to Eldora, 20 miles; branches, 5 miles; total, 51 miles. Reaches
Denver Union Depot from Boulder over Colo. A Sou. (third-rail); V. 80,
p.^650. Successor to Col. A N. W ., foreclosed March 29 1909. V. 88, p.
944. Stock. 5300,000. all out; par 5100. Of the bonds (5800,000 auth.
Issue), 5100,000 are reserved for extensions. Improvements, Ac. They are
entitled to Int. up to 5% If earned, payable Sept. 1 beginning 1910.
For year ending June 30 1910, gross, 5132.801, against 5115,761 In 1908
09; net Income, 534,034, against 527,035; charges and taxes, 56,192; Im
provements, 5700; bal., sur., 527,141. Dlv. on Incomes, 3% (521,000),
aid Sept. 1 1910. Pres., and Treas., W. B. Hayes; Sec., C. M Williams,
ifilce, Boulder, Colo.— (V. 89, p. 41, 993.)
DENVER NORTHWESTERN & PACIFIC R Y.— To extend from Denver to
Salt Lake, about 575 miles, along a line about 100 m. south of the Union Pac.
and 125 m. north of the Denver & Rio Grande. In 1905 110 miles, Denver
to Sulphur Springs, Col., were opened. Extension, 101 m.. Sulphur Springs
to Steamboat Springs (364 m. from Salt Lake City), was completed Nov. 1
1908. see V. 75. p. 289; V. 78. p. 1108: V. 80. p. 1362: V. 86. p. 167.
In Nov. 1910 It was proposed to build a 4-mile tunnel costing about 54,
200,000. to shorten the present road 16H miles. V. 91, p. 1446.
STOCK, BONDS AND NOTES.— Auth. Stock, 520,000,000, of which
110.000,000 pref. 5% non-cum., all to be Issued for construction, together
with 520,000.000 of the 522,500,000 4% bonds V. 75, p. 1147; V.79 p 102.
Outstanding Sept 1910. 55.470,000 each of com. and pref. stock and
810,940,000 bonds. Of the bonds, 58,000,000 are deposited as collateral
for 54,000,000 6% 2-year notes of the Colorado-Utah Construction Co.
(which Is building the road), dated May 1 1909, redeemable at 101, and
guaranteed, prln. and lnt., by Pres. D. H. Molfat; Interest payable quar
terly (Q.-F.); Central Tr. Co., N. Y ., trustee; denominations 55,000, $10,
000, 525,000 and 550,000 each. V. 88. p. 1127, 1061. The bonds of the
Continental Tunnel Co., to construct a tunnel 6 miles In length through the
Continental Range.50 miles west of Denver (55,000,000 auth. Issue), will.
If Issued, be guaranteed, prln. and lnt. V. 85, p. 1143. Of the locomotive
equipment notes, 516,109 mature May 1 1911 and 517,500 quarterly from
Aug. 1911 to Feb. 1916. V. 91, p. 945.
N. W . TERMINAL R Y .— Leases Northwestern Terminal Ry. at Denver
for 999 years, guaranteeing bonds, prln. A Int. Bonds are callable to
July 1 1916 at 105 and lnt.; thereafter at 102 y£; sec V. 90, p. 503.
EARNINGS.— For 12 mos. ending June 3d 1910, gross, 5973,873, agst.
5661,531 In 1908-09; net, 5209,493, agst. 594,195. Pres., David H. Moffatt; Treas., Thos. Keely;Sec., F. B. Gibson.— (V. 91, d . 945, 1446.)
DENVER & RIO GRANDE RR.— (See M ap.)— ROAD.— Mileage;
Road owned ana operated----- 2,528 1 Of the preceding:
Rlo Gr. Jc. R R .. Ac. (leased)..
70|Standard gauge_______________1,810
--------- INarrow gauge o n ly ____________ 787
Total June 30 1910_________ 2,598 12d track — _____ _____________ 101
Rio Grande & Southwestern R R ., Lumberton Station, Col., 33 m. south-,
easterly. Is operated on basis of 25% of gross earns. V. 79. p. 907.
In June 1910 construction was begun on anew Joint line with the Colorado
A Southern from Pueblo to Walsenburg, 56 miles, to cost probably
55.700,000. V. 90, p. 626.
HISTORY.— Reorganization of a railway company of same name fore
closed July 12 1886. On July 31 1908 the Rio Grande Western was merged.
V. 87, p. 226, 285. The Rlo Grande Junction Is leased Jointly by this co.
and the Colorado Midland, and Its bonds guaranteed. The Col. Midland Is
controlled by parties Interested severally In the D. & R G. and Colorado
& Southern. V. 70, p. 739. The Rlo Grande Southern Is controlled.
The Missouri Pacific early In 1901 acquired 514,800,000 common and
>7,300,000 preferred stock, this, together with the Rockefeller Interest, It
Is understood, constituting a considerable majority of the entire stock.
V. 72, p. 338, 580, 1238; V. 73, p. 506.
Denver & Rlo Grande owns two-thirds of the stock and has given a
traffic guaranty to the Western Pacific R y. (which see) completed from
Salt Lake City to San Francisco in 1910. V. 81, p. 845; V. 83, p. 568.
The stock (>200,000) of the Salt Lake City Union Depot A RR. Co. Is
about equally owned by the D. A R. G. and Western Pacific, which guar
antee Its 51,100,000 first mortgage 30-year 5% bonds. V. 88, p. 232.
STOCK.— Early In 1910 54,000,000 pref. stock was sold at par for im
provements, equip., Ac..raising amount outstanding to >49,779,800.
DIVS. since ’ 911 ’ 92. ’93. ’94. ’ 95. '96. ’97 ’ 98. *99. ’ 00. ’ 01 to Jan ’ l l
on preferred, % - J 0
2
0
0
2
2 2h 4
4
5 yearly
BONDS.— Consols of 1886 for 56,000,000 originally reserved for exten
sion to Ogden were available for capital requirements, of which part Issued.
V. 73, p. 507. See abstract of mortgage In V. 47, p. 228.
The improvement mortgage abstract was In "Chronicle” , V. 47, p. 220.
Abstract of R. G. W. 1st mort. was In V. 40, p. 237, and statement 5s
N. Y. Stock Exchange. V. 50, p. 73; also V. 69, p. 284. Utah Fuel 1st to
of 1931; see application to list, V. 78. p. 1171, 1178, 1548, 2015.
The Rlo G.W. first consol. 4s of 1899, see application to list In full
T. 72. p. 537. V. 72, p. 775. 1189. List of coll. June 30 1910, V. 01. p. 525.
The refunding mortgage dated July 1 1908 covers the consolidated
properties to secure an Issue of >150,000,000 bonds, of which 590,
000,000 were available for other purposes. The bonds are redeemable at
105 to Aug 1 1913 and 110 thereafter. In addition to a lien on the Denver
A Rlo Grande R R ., the bonds are secured by two-thirds (550,000,000) of
the stock of the Western Paclflo and all the >25,000,000 second mortgage
bonds on the latter. V. 86, p. 1224, 1284, 1529; V. 87, p. 226, 285, 544.
711, 1419; V. 88, p. 100, 230 294, 504, 822; V.89, p.348, 593; V .90,p.848.
S
LATEST EARNINGS.— From July 1 to Nov. 30, 5 months:
5 Months—
Gross.
Net.
Oth.Inc. Charges. Dal.,Sur.
1910.................... >11,002,248 53.434,047 5378,786 52,524.839 51,287,095
1909.........- .......... 10,555,446
3,381,825
287,533 2,168,450 1,500,908
ANNUAL REPORT.— Report for 1909-10 in V. 91, p. 515, 523, Includ
ing the Rlo Grande Western. See p. 493.
1909-10.
1908-09.
1907-08.
2,541
2,534
2,499
Average miles operated_____________
Total operating revenue.................... >23,563,437 >20,876,571 >20,386,431
Net revenue_______
7,779,467
6,407,535
7,503,979
T axes......................................................
823,515
762,823
750,471
>6,955,952
Operating Income.........................
Other Income.......................................... 2,690,714
>5,704,712
1,379,417
Total net Income................................
Interest on bonds..............................
Rental of road, yards, terminals, Ac
Hire of equipment____________ .
Dlv. on preferred stock ( 5 % ) ...........
Renewal fund......................................
Appropriations for betterments_____
Appropriations for new equipment..
Transferred to deferred Income______
>7,084,129 >7,307,804
>3,301,051 >3,293,028
223,246
47,303
502,884
430,737
2,288,990
2,288,070
120,000
120,000
156,360
231,393
204,884
______
______
______
>9,640,667
>4,606,867
273,476
605,312
2,488,990
120,000
______
______
1,152,844
56,753,508
554,296
Total...................................................>9,247,490 >6,797,415 >6,411,431
Surplus...................................................
>399,177
5286,714
>896.373
OFFICERS.— Chairman of Board, George J. Gould; Pres., E. T. Jeffery;
VIce-Pres., Chas. H. Schlacks; Treas., J. W. Gllluly; Sec. and Compt.,
Stephen Little. Office, 165 B'way, New Y ork.
_ ,
Directors—George J. Gould, Winslow S. Pierce, E. T. JefTcry, Edwin
Gould. Howard Gould. A. H. Oalef and Arthur Coppell. New York: Charles
H. Schlacks, San Fran-.; Joel F. Valle, Denver, Col.— (V. 91, p. 515, 523.)
DES MOINES & FORT DODGE RR.— (See Map Minneapolis A St.
Louis.)— Owns Des Moines to Ruthven, la.. 137.01 m.; at Ft. Dodge, la.,
0.61m .; trackage. Tara to Ft. Dodge, 6.07 m.; and Spencer to Ruthven,
12.45 m .’ total, 156.14 m. In 1904 Mlnneap. A St. Louis acquired 52,530,OOOof the outstanding 54,283,100 com.stock, and guarantees the 53,072.000
first mtge. 4% gold bonds Issued to retire all the outstanding bonds,which ma
tured Jan. 1 1905; the Minn. A St. Louis leases the road for 30 years from
Jan 1 1905: all Income over charges, Improvements, Ac., to be paid to
lessor. V. 7 9 , p. 268, 1704, 2085. Guaranty, V. 79, p. 2696. Pref. stock
(non-cum.) shares equally with common after 7% on each.
Second M. bonds, 51.000,000 auth.. see V. 82. p. 1322.
DIVIDENDS— . F93. '94. ’95. ’ 96 to ’ 98. ’ 99 to ’ 03. ’ 04 to ’ 09. ’ 10.
4
4 6 y’rly.
7 y ’rly.
5 y’rly. 0
On preferred___ %J 2
Report for year ending Dec. 31 1009 In V. 91, p 34, showed gross
earnings. 5572,499; net. 5162,457; taxes A Int., >175.580; deficit, 513,123.
Year ending June 30 1910, gross, >602,003; net, >180,931: taxes and Int.,
5177,180; bal., sur., 53,751. Pres., Edwin Ilawiey; VIce-Pres., L. F. Day;
Treas., F. II. Davis; Sec., W . S. CrandclL— (V. 91, p. 34, 38.)
DES MOINES UNION R Y.— Terminal road In Des Moines; owns 5 miles
main track and branches, 14 miles 2d and side tracks, bridge across Des
Moines River and 25 acres of land In Des Moines. Sec statement to N. Y.
Stock Exchange In V. 65, p. 1173. Leased to Wabash R R ., Chicago Great
Western, Chic. MUw. A St. P. R y., Chic. Burl. A Quincy R R ., St. Paul A
Des Moines R R . and Minneapolis A St. Louis RR. V. 75, p. 342. Rental
equal to expenses and fixed charges paid monthly by lessees on wheclage
basis. Stock auth., 52,000,000: out., 5400,000: par, 5100. Year 1908-09.
gross, >268,408; net Inc., 5106,344; bond lnt., >35,550.— (V. 86, p. 337.)
DETROIT GRAND HAVEN & MILWAUKEE RY.— (See Map Grand
Trunk Ry.)— Owns from Detroit to Grand Haven, Mich., 189 miles. A re
organization of Sept. 1878 The principal and Interest on the bonds are
guaranteed by the Grand Trunk of Canada. Stock. 51.500,000: par, 550.
Real estate bonds or mortgages, 5226,000. On June 30 1910 sundry out
standing accts., 52,964,062. Grand Trunk of Canada owns entire stock.
EARNINGS.— 5 m os.,(1910................G ross, 5866.723; not, >167,406
July 1 to Nov. 30.
U009...................Gross, 860,397; net, 217,774
Year ending June 30 1910, gross, >2,041,402; net, >449,319; charges,
>558,726; bal., def., >109,407.— (V. 91, p. 870.)
DETROIT HILLSDALE & SOUTHWESTERN RR.— Owns Ypsllantl.
Mich., to Bankers, Mich., 65 m. Leased In perpetuity July 1 1881 to the
Lake Shore A Mich. Southern Ry.; rental, 554,000 per year— 4% on stock.
DETROIT A1ACKINAC & MARQUETTE RY.— SEE MISC. COS.
DETROIT & MACKINAC RY.— Owns from Bay City, Mich., to Cheboy
gan, 196 m.: Rose City Branch. 31 in.; Prescott Branch, 12 m.: Lincoln
Branch, 14 m.; Au Gres Branch, 8 m.; Hillman division. Alpena to Hillman,
Mich., 22 miles (opened Dec. 1909); logging branches (largely temporary),
81 m.; total, 364 m. In 1909-10 forest products furnished 55.72% of traffic.
In 1902 Henry K. McHarg and associates acquired control.
BONDS.— "Mortgage bonds” for >500,000 were reserved for betterments
Ac., at not over 550,000 per year. V. 74, p. 629. In addition to the
amounts shown abovo as outstanding. 5450,000 “ first lien” and 5400.000
"mortgage ’ bonds were on June 30 1910 held In the treasury.
STOCK.—The capital stock Is 53,000,000, of which 52,000,000 common
and 51.000,000 5% non-cum. preferred. See V. 74, p. 629. Dlv. on pref.,
2
July 1 1903; since to Jan. 1911, 5% yearly. On common, 1st dlv.,
2 H % . Paid Jan. 1911. V. 91. p. 1511.
LATEST EARNINGS.— J1910................ Gross, >508,698; net, >151.378
5 mos., July 1 to Nov. 30. \1909_________ Gross. 514,071; not, 139.627
EARNINGS.— Report for year ending June 30 1910 was In V. 91. p. 1247 ,
showing gross, >1,231,244; net Income after taxes, >296,586; Int. on bonds,
Ac., >94,148; pref. dlv. (5% ), >47,500; bal., [sur., $154,938.
In 1008
09, gross. 51,149,974; net, >283,459.— (V. 91. p. 1160. 1247, 1611.)
Saalt SteJdarle
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RAILROAD COMPANIES
Fur abbreviations, A c., see notes on first page]
Detroit Southern car trusts due 440,000 yearly. - .
Det & Tol Sh L— 1st M J3,000,000 g gu p A l_Me.c*Ar
Dover & Rockaway— Stock 6% rental 099 years____
Dub & Sioux City— 111 Cent VV lines 1st M g -- Us.c’ &r
Iowa Kalis & Sioux City 1st M Iowa Falls to SlouxCy
Cher & Dak C R A C and Omaha Dlv Ac first mtge
Duluth & Iron Range— First mortgage.......... Mp.cAr
Second M currency redeem at 105 45,000,000.Ce.c*
Duluth Mlssabe & Northern— First mortgage gold s f
First consol mtge $3,500,000 gold call at 105 __Ce
General mortgage gold 8 1, red 105........ ........... Nxc*
Dulutfe So Sh & Atlantic— Marq H A On gen M --Ce.c*
Duluth South Shore A Atlantic 1st M gold.Ce.cAi
First consol mtge gold Interest g u a r... Ce.c*Ar
Income certs ($3,000,000 held by Can Pac July ’ 10)
Car trusts guar by Can Pac (due $17,000 yearly) . .
do
do
d o _____________________
do
do
d o ........................................
Dul Winn & Pac— 1st M deb stock guar by Car Nor Ry
Dul RL&Wln 1st M$2,000,000 g red 105 beg’ l l ICc*
Dun AH V & Pitts— 1st M $5,000,000 g gu.-G .xc* Ar*
Durham ec So Car— 1st M $3oo,uuu g ,i,i red luo.MeB*
Durham & Southern— 1st M $1,000,000 auth gold._F
Durham Union Station— First M $75,000 g__ S.c*Ar
Dutchess County RR— See Central New England R y .
East Mahanoy RR— S to c k ..______ _________________
East Pennsylvania— Stock 6% guar 999 yrs Plilla A R
First mtge gold guar p A 1 by P A R R R (en d)-.c*
East Tennessee Virginia & Georgia— See Southern Ry
East Tenn & VV No Car— 1st M g (V 81 p 1723) GuP c*
Eastern Ry of Alinnesota— See Great Northern
El Paso & Northeast—N M Ry AC coltr gredl03 --N
N M Ry A Coal M gold_______________________ Ta
Alam A Sac Mt first mtge $900,000 gold guar----- N
El Paso A Rock Isl first M $2,500,000 gold.-.T a.c*
Dawson Ry A Coal coll trust gold guar p A 1. -Ta.c*
El Paso Union Pass Depot— 1st M g $240,000 s f.-T a
Elgin Joliet & Eastern— 1st \! (Sin.ono.ono) g.Cex.c*
Elizab’ tht’n Ter Co— 1st M$150,000 redl05 begApr’ 15
Elmira & Lake Out—Sodus Bay A So— 1st M g. . Un.c
Miles Date
Road Bonds
Par
Value
Rate
%
When
Payable
19 j5
48
218
184
328
210
210
65
130
215
130
587
587
3"
61
...
$1,000 $1,656,000
4 >n g J A
1,000
8 »,ooo
*M g A &
A
2,288,000
J
1,000
4g
6
A
&
140,000
io o
F
1895
5,425,000
A
1,000
4g
&
7
A
1869
2,800,000
500 Ac
’88-00
8,930,000 Illinois C entral
5
A
<3c
1887 1,000 Ac
6,732,000
6
j
A
1896 1,000 Ac See text
1,174.000
6g J A
1892
765 000
1893
1,000
6g J A
1 A
1,001’ 9,075,000
5g
1906
1,077,000
6
A
A
1885
1,000
3,816,000
5 g •I A
1887
1,000
F
A
1,000 15,107,000
4g
1890
3.000,000
4
1892
•T A I)
5
68,800
1907
140,000
4M M A
1909
4
198,000
A
A
1910
4
6,148.333
J
A
1909
2,000,000
5g J A
1,000
1906
1910 1,000 Ac None Janll
4M e F A
5 g
A
300,((00
.1
1,<)UU
1905
750,000
1,000
4g J A
1906
54,000
M A
5g
1905 . 1,000 Ac
1903
5
6
4g
36
36 1888
1,000
50
497,750
1.948,300
495.000
34 1905
l ,000
500.000
» K
1,00(1 3,000 000
1.00 1 2,000,000
372,000
1,00’1
2,500,001
l ,ooo
3,000,000
1.000
240,000
1.000
1,000 10,000.000
See text
50O.000
1 .000
5g
5g
5g
5g
5g
5g
ft a
6g
s «*
50
165
31
128
133
181
8
34
1897
1901
1898
1901
1901
1905
1S91
1910
1K*4
D E T R O I T T O L E D O & I R O N T O N R Y . — Operates road from Detroit,
Mich., to Ironton, via Lima, 380 m.. Including 45 m. of trackage; branches,
Kingman to Sedalia. O.. 31 m.: Jackson to Cornelia, 19 m.. and Llsman
Jet. to Dean, O., 3 m.; total, 441 m.; coal mine tracks, sidings, Ac., 141 m.
Also owns control of Ann Arbor R R ., which see. V. 81, p. 204; V. 82, p. 509.
ORGANIZATION.— Successor, per plan V. 80, p. 650, of Det. South.
R R . foreclosed, subject to Ohio South, mtge. V. 80, p. 2344, 1856.
Receivership.—In Feb. 1908 Geo. K. Lowell, BenJ. S. Warren and Thomas
D. Rhodes were appointed receivers, the Interest on the consol. 4V$s due
Feb. 1 1008 being In default. The Interest on the divisional and gen. Hen
4s was first defaulted Dec. 1 1909 and In Dec. 1910 foreclosure tinder the
en. lien and divisional M. was about to be begun. V. 91, p. 1511. The
ept. 1909 and Mch. 1910 coupons on Ohio Southern division bonds were
paid March 1 1910. V. 89, p. 503; V. 90, p. 559. On Feb. 25 1908 $300,000
receiver’s certfs. were authorized, having a lien junior to the Ohio So.
division and gen. lien and divisional 4s. V. 86, p. 546, 602.
In Jan. A Feb. 1910 $800,000 1st lien receivers’ ctfs. were auth., of which
$400,000 rank ahead of all mtges. and $300,000 ahead of the general lien
but after the Ohio So. Dlv. mtge. V. 90, p. 167.
Committee for Ohio So. Div. 4s.—James N. Wallace, Chairman; F. E.
Mowle, Sec., 25 Nassau St., N. Y.: Central Trust Co., N. Y ., depositary.
V. 89, p. 1279, 1541; V. 90, p. 559.
Committee for Gen. Lien A Div. 4s.— Otto T. Bannard, Chairman; Wm. R.
Britton, Sec., 30 Broad St., N. Y.; N. Y. Trust Co., depositary. In Jan.
1910 over 85% had been deposited. V. 89. p. 1482, 1596, 1667; V. 90,p .167.
The Dec. 1909 coupons were cashed In behalf of the consol, mtge Interests,
but the 1910 coupons remain unpaid. V. 90, p. 1490, 1554; V. 91, p. 1511.
Committee Jor Con. Mtge. 4 Ms and All Other Securities and Claims.—John
Alvin Young, Chairman; Howard C. Dickinson, Sec.; Windsor Trust Co.,
N. Y., depositary. V. 91, p. 396, 518.
Another Committee Jor Consol. 4H s.— A committee (Alvin W . Krech,
Chairman; Charles H. Jones, 20 Broad St., Sec.; Equitable Trust Co., N. Y .,
depositary) also requested deposits of consol. 4 JSs. V. 91, p. 463, 518.
Collateral Trust Noteholders’ Committees.—Joseph Ramsey Jr., Chairman,
Walter L. Worrall, Secretary; New York Trust Co., depositary. In
Nov. 1910 about $5,300,000 of the $5,500,000 outstanding notes were.
It was understood, owned or controlled by the committee, which at public
sale on Nov. 25 1910 bid In the collateral, viz.: $3,001,000 pref. stock and
$2,190,000 com. stock of Ann Arbor R R . and $5,000,000 Det. Tol. A Iront.
consols. These consols were held valid by the lower Court In Sept. 1910.
V. 91, p. 870. It had previously been arranged with the Hollins syndicate
committee, representing about $1,700,000 notes, to exchange the Com
mittee’s Interest In the pledged D. T. A I. consols for the syndicate’s In
terest In the Ann Arbor pref. and com. stock. See circular In V. 87, p, 1300.
V. 86, p. 337, 420, 480, 346, 602, 1589; V. 87, p. 166, 285, 544, 1300;
V. 90, p. 447, 626, 1446.
Stocknolders’ Committee.— Willard V. King, Evans R. Dick and E. L.
Oppenhelm (Columbia Trust Co., N. Y ., depositary). V. 86, p.794.
Pref. Stockholders’ Committee.—Alexander J. Hemphill, Chairman; Edgar
C. Hebbard, Sec. (Guaranty Tr. Co.. N .-Y ., depos.). V. 86. p. 1409. 1529.
The lnt.on the$l ,656,000 4 M % equip, trust notesof 1907 belngln default,
the equipment was surrendered; but the obligation remains. V. 89, p. 1410.
EARNINGS.— 5 m os.,/1910...................Gross, $899,834; net, $107,470
July 1 to Nov. 30.
)1909__________ Gross, 702,717; net. 108,656
REPORT.— For year ending June 30 1910 in V. 91, p. 1383.
Entire System (including Ann Arbor).
Year—
Gross. Netlaft.Tax.) Oth.Inc. Deductions.
Balance.
1909-10_______$3,463,192 $441,094 $113,281 $1,384,380 def.$830,004
1908-09............ 3,233,607
557,406
139,964
1,354,536 def. 657,166
Detroit Toledo A Ironton Proper.
1909-10 ......... $1,607,032
$31,670
$40,506
$986,475 def.$914,298
1908-09............ 1,525,126
166,956
38,476
890,689 def. 685.257
Interest charge Includes yearly $275,000 Interest on collateral trust notes
Issued for Ann Arbor stock. See V. 83, p. 1034.
Pres., Eugene Zimmerman: Sec. and Treas., G. Caspar Niles: Office,
Detroit.— (V. 91, p. 518, 589, 870, 1025, 1160, 1383, 1446, 1511.)
D E T R O I T & T O L E D O S H O R E L I N E R R . — Extends from Toledo to
(suburbs of) Detroit, 47.6 m.; 2d track, 20 m.; sidings, 3 m.; trackage over
Toledo Ry. A Term. Co., Ac.. 31 m.; total track, 101.6 m. V. 78, p. 2598.
The Grand Trunk Western Ry. and the Toledo St. Louis & Western RR.
own the entire $1,428,000 stock and Jointly guarantee the bonds, principal
and Interest, by endorsement. See form of guaranty, V. 76, p. 653. First
dividend, 4 % , paid from earnings prior to June 30 1908; In fiscal year
1908-09 6% , and in 1909-10 8% . V. 87, p. 1237.
E A R N IN G S— 5 mos., 11910-.............Gross, $358,140; net, $173,048
July 1 to Nov. 30.
1 1909________ Gross, 355,996; net,
159,902
Year ending June 30 1910, gross, $913,624; net Income, $407,347; int.,
rentals, &c., $222,710; dlvs. (6% ), $85,780: bal., sur.,$98,857. In 1008
09, gross, $769,181; net, $282,081. Pres., T. P. Shonts.— (V. 87, p. 1237.)
D O A U N I O N A T L A N T I C R Y . — See Canadian Pacific Ry.
V. 91. p. 716.
D U B U Q U E & S I O U X C I T Y R R . — See page 170.
D U L U T H & I R O N R A N G E R R . — Owns Duluth to Ely, Minn., 117.22 m.;
Tower Jet. to Tower, 1.40 m.; Allen Jet. to Virginia, 25.31 m.; McKinley
to Eveleth, 9 G m.; Waldo to Drummond, 15.02 m.; branches and spurs,
63.51 m.; trackage to Union Depot, Duluth, 0.80 m.; total, 232.27 miles.
Owns ore docks and yards on Lake Superior costing over $1,500,000.
STOCK, Ac.—Stock, auth., $10,000,000; out., $3,000,000. Federal
Steel Co. (see U. S. Steel Corp.) owns the stock and $3,500,000 of the $4,
500,000 2d mtge. bonds. (V. 66, p. 1237.) First mtge. bonds auth., $25.
000 per mile for construction and $7,000 for equipment. Dividends since
1904: 1905, 65%; 1906, 40%; 1907, 80%; 1908, 80%; 1909, 145%; In
fiscal year 1909-10, 100%.
EARNINGS.— 5 mos., (1910_____ Gross, $4,936,070; net, $3,288,343
. July 1 to Nov. 30.
11909_____ Gross, 6,336,974; net, 4,546,242
Year ending June 30 1910, gross, $9,530,101; net, $6,046,648; other In
come, $92,774; charges, depreciation, Ac., $1,700,771; balance, surplus,
$4,438,651.— (V. 79, p. 2085 )
§
Amount
Outstanding
Last Dividend Places Where Interest and
and Maturity
Dividends are Payable
D To June 1015
() To Oct 1 1912
J Fan 1 1953
O Oct 1910 3%
A Aug 1 1951
() Oct 1 1917
ho uds or collateral
o Oct 1 1037
J Jan 1 1916
J Jan 1 1922
J Jan 1 1923
J Jan 1 1941
o Apr 1 1925
J Jan 1 1937
A Aug 1 1990
Dec 31 1912
in To June 1912
s Mch 1 1914
Apr 1 1915
1) June 1 1939
J Jan 1 1916
A Aug 1 1960
.1 July 1 1935
J Jan 1 1946
N May 1 1955
o
Deo '07 coup last paid
Merc Trust A Uep Co Bal
Mercantile Trust of N Y
143 Liberty St New York
Office 115 B’way N Y
do
do
therefor
Office Empire Bldg N Y
do
do
Central Trust Co N Y
Company’s office N Y
44 Wall Street New York
do
do
New York or London
Montreal. Quebec
Chicago, 111
Detroit, Mich
Philadelphia, Pa
London or Toronto
Chase NatBk.NY; A Chic
New York
Me chants’ Trust Co Balt
Farmers L & T Co, N Y
Standard Trust Co N Y
J A D 15 Dec 15 19102M Reading Term Phlla Pa
A
J
J Ian 17 1911 3%
do
do
M A S Men 1 1058
do
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Apr 1 1940
.1 Jnlv l 102*
Vat B a n k of C o m m N Y
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DULUTH A1ISSABE & NORTHERN R Y.—Owns from Duluth to Moun
tain Iron, Minn., 77.96 m.: branch from Alborn northwesterly to Buckeye
Mine. 53 m.: other branches and spurs, 162.47 miles; trackage to Union
Depot, Duluth, 2 m.; total, 295.43 m. Also branch Duluth to Chisholm,
Minn., about 84 m., opened June 1910. Entire $4,112,500 stk. owned by
Lake Superior Consol. Iron Mines and so by U .S. Steel Corp. V. 72, p. 1038.
Of the general 5s of 1906, bonds are reserved to retire the underlying
bonds; additional bonds may be Issued at not over $30,000 per mile for ad
ditional single main track and $20,000 for second, third and fourth main
tracks and for not over 75% of the cost of equipment and Improvements.
Sinking fund of 2% yearly of outstanding bonds (Incl. bonds in s. f.) retires
bonds Dy lot at 105. V. 88, p. 822.
Dividends paid fiscal years ending June 30: 1904, 150%; 1906, 110%;
1908, 110%: 1909, 145%; 1910, 240%.
EARNINGS.— 5 mos., J1910...........Gross, $7,346,959; net, $5,298,842
July 1 to Nov. 30.
\1909-.........Gross, 8,743,007; net. 6,624,630
For year ending June 30 1910, gross. $13,966,420; net, $9,781,615; other
Income, $386,410; lnt., taxes, Ac., $1,672,601; bal., sur., $8,495,424. In
1908- 09, gross, $10,022,565; net, $6,279,906.— (V. 90, p. 236, 1362.)
DUL. RAINY LAKE & WINNIPEG RY.— Sec Dul. W innipeg* Pac. Ry.
DULUTH
SOUTH
S H O R E & A T L A N T I C R Y . — Operates Duluth to
Saulte Ste. Marie, 415 miles; "Soo” Junction to St. Ignace, 43 miles; other,
133 miles; total, 606 miles. Including 21 miles of trackage.
CAPITAL STOCK.—Common stock Is $12,000,000; pref., $10,000,000;
par, both $100. Pref. stock Is 6% non-cum. Can. Pac. July 1 1910
owned $6,100,000 com. and $5,100,000 pref. stock, $3,000,000 Incomes
and $15,107,000 consols.
BONDS, &c.—Abstract first mortgage, V. 45, p. 274.
The first consolidated mortgage of 1890 has Interest at 4% guaranteed
by Can. Pac., which July 1 1910 held the entire outstanding Issue ($15,107,
000) In Its treasury as security for Its 4% debenture stock; consols for $4,
893,000 are reserved for prior bonds, and additional amounts may bo Issued
at $20,000 per mile of new lines. Car trust 4 t^s of 1906, V. 82, p. 452. Due
Canadian Paclflo Ry. June 30 1910 for guaranteed Interest advances,
$5,866,515; unguaranteed car trusts. $236,213.
LATEST EARNINGS.— / 1910
.........Gross. $1,485,195; net, $526,113
5 mos., July 1 to Nov. 30.\1909________Gross, 1,483,378; net, 498,392
Surplus after charges, $79,259, against $50,923 In 1909.
REPORT.—Report for year ending June 30 1910 In V. 91, p. 788.
Of the tonnage In 1909-10, ores furnished 49%, lumber, &c., 19%.
Year—
Gross.
Oper.Inc. Other Inc. Charges. Bal.,Def.
1909-1 0 .- - .......... -.$3,372,090 $815,572 $61,322 $1,228,610 $351,715
1908-09___________ 2,785,587
544,086 146,209
891,742 201,447
Pres., W. F. Fitch, Marquette, Mich.— (V. 91. p. 397, 788.)
DULUTH WINNIPEG & PACIFIC RY.— Owns entire $2,000,000 stock
of Duluth Rainy Lake & Winnipeg Ry., Virginia, Minn., north to the Cana
dian Northern at International Falls, 98 miles, giving that road access to
Duluth and Two Harbors at the head of the Great Lakes, and will build from
Virginia to Duluth, 78 miles (contract being let July 1910); also branches
and spurs for Industrial and mining purposes and docks at Duluth, where
valuable sites for terminals have already been secured. V. 87, p. 1605,
1664; V. 88, p. 563, 623, 882, 1252; V. 91, p. 1322. Capital stock auth.,
$6,000,000; par, $100.
Securities.— The first mtge. 4% deb. stock of 1910 Is guar., p. & I., by
the Canadian Northern Ry. Of the $10,500,000 auth. Issue, $4,623,333
(£950,000) has been sold, $1,525,000 was Issued to retire existing securities,
$2,000,000 is reserved to retire the Duluth Rainy Lake A Winnipeg bonds
at maturity Jan. 1 1916 and the remaining $2,351,667 to be available for
further extensions, &c. On payment of the D. R. L. & W. bonds In 1916
Its property will be transferred to the company, so that the deb. stock will
become a first charge on 173 miles, the D. R. L. & W. stock In the meantime
being vested with the trustees, the National Trust Co. of Toronto and the
British Empire Trust Co. V. 90, p. 1490; V. 91, p. 154, 1322.
The Virginia & Rainy Lake Co., which formerly owned the D. R . L. &
W ., guarantees the Interest on the latter’s bonds. V. 81, p. 558, 613, 1848;
V. 82, p. 751; V. 84, p. 158; V. 85, p. 1518; V. 89, p. 1279.
EARNINGS.— Of Dul. Rainy Lake & Win. for year ending Dec. 31 1910.
gross, $486,561; net overtaxes, $152,424.— (V. 90, p. 1490; V. 91, p. 1574.)
DUNKIRK ALLEGHENY VALLEY & PITTSBURGH RR.— Dunkirk,
N. Y ., to Titusville, Pa., 90.51 miles. Leased to New York Central &
Hudson River RR. for 501 years from Jan. 3 1873, rental providing Interest
on bonds and \ M % yearly dividend on $1,300,000 stock, of which $1,179,
275 owned by lessee Dec. 31 1909. Operated by the Lake Shoro & Mich.
Southern as agent for the lessee since Oct. 1 1901. Bonds, $5,000,000
50-year 4 Ms auth. July 1 and Aug. 1 1910 (present Issue, $2,900,000),
are to be guaranteed, prln. and Int., by N. Y. C. & It. R. R R . V. 00, p.
1490, 848; V. 91, p. 336, 1327.— (V. 90, p. 1490; V. 01, p. 336, 1327.)
DURHAM & SOUTH CAROLINA RR. -Durham, N. C., south 30 miles
to Bonsai on the Seaboard Air Line. Stock, $300,000: par, $100. Bonds,
see table. Year ending June 30 1910, gross, $62,372: net, after taxes.
$32,275; interest on bonds, $15,000; bal., sur., $17,275. Pres., Ernest
Williams, Lynchburg, Va.— (V. 90, p. 1424.)
DURHAM & SOUTHERN RR.— East Durham to Dunn, N.C., 59 miles.
Durham to East Durham, 2 miles; total, 61 miles. Stock authorized,
$1,000,000: outstanding, $600,000; par, $100. Bonds, see table above.
For year ending June 30 1909, gross, $291,673; net, $163,125; other Income,
$1,570; int., taxes, &c., $38,400; dlvs. (18%), $108,000; bal., sur., $18,295.
For year ending June 30 1908, gross, $251,698: net, $127,859; other re
ceipts, $4,876: charges, Incl. taxes, $38,255; dlvs. (6% ), $36,000; bal.,
surp., $58,481. Pres., B. N. Duke, N. Y.; Sec., F. L. Fuller. Office
Durham, N. C.
DURHAAl UNION STATION CO.—Owns passenger station at Durham
V C., opened May 1 1905 and used by the Southern Ry., Seaboard Air Line
Ry., Norfolk & Western Ry. and Durham & Southern, which each own onefourth of $33,300 stock. Lease provides for rental by several lines sufficient
to pay lnt. and other charges. Pres., IJ. W. Miller; Sco., C. N. Freeman.
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RAILROAD COMPANIES
For abbreviations, A c., see notes on first page]
Miles Date
Road Bonds
Par
Value
Amount
Outstanding
Rate
When
Payable
Last Dividend Places Where Interest and
and Maturity
Dividends are Payable
5
d & N Nov 1910
Broad St Station Phlla
7
r & j Jan 1911]
do
do
4
r & j Jan 1 1950
do
do
5
i. & o Oct 1 2862
do
do
7
Q— M Dec 10 ’ 10 1 H Union Trust Co New York
7
Q -M
Dec 10 ’ 10 1 to
do
do
3)4 g J & J July 1 1940
do
do
%
Elmira & Williamsport— Stock common 5% rental NC 73)4
$50
$500,000
Preferred stock 7% rental 099 years Northern Cent 73)4
50
500.000
First M o st 1010..........................................................
73)4 1860
1,000
903.000
Income bonds 999 years to run............................ _c*
1863
500
570.000
Erie & Pittsburgh— Stock 7% rental 999 yrs Penn Co
'83
50 2,000,000
Special guaranteed betterment stock $2,500,000__
83
50
1,420,750
General mtge (now first) $4,500,000 gold guar.-Un
83 1800
1,000
4.258.000
Erie Railroad— Common stock $153,000,000 auth___
100 112,378,900
Second pref stock 4% non-cum redeem at par____
100 16,000,000 See text Seml-ann Apr 1907 2%
First pref stock 4% non-cum, redeem at par____
100 47,892,400 See text Seml-ann Apr 190 7 2 %
A— Old Bonds Assumed— Roads Consolidated
N Y & Erie 1st M Plerm to Dun ext 1897 gold--c*
447 1847
1,000 2.482.000
M & N May 1 1947
4g
Second mortgage (extended In 1879) gold___ c*
447 1849
1,000
2.149.000
M & S Sept 1 1919
5g
Third mortgage (extended In 1883) gold...........c*
447 1853
1,000
4.617.000
M & S Mch 1 1923
4)4
g
Fourth mortgage (extended In 1880) gold___ c*
475 1857
1,000
2.926.000
A
5
g
& 0 Oct 1 1920
Fifth mortgage (extended In 1888) gold...........c*
475 1858
500 &c
709.500
4 g J & D Junel 1928
Erie R y 1st M Bull Br Hornellsv to Attica gold-.c*
60 1861
200 &c
182,400
4
g
J
A
J July 1 1931
First consol mtge $30,000,000 gold $ or £ --F .c* c
526 1878
1,000 16,891,000
7 g M & S Sept 1 1920
N Y L E 4 West first cons mtge gold___________ c*
526 1878
500 &c 3,699,500
7g M A
Sept 1 1920
Buffalo N Y & Erie 1st M (Buffalo to Corning)._c*
140 1876
1,000
2.380.000
7
J A D June 1 1916
Buff & S W 1st M g ext 1908 red 105 g ....... ......xc*
67 1877
50 &c 1.500.000
0 g J A J July 1 1918
Newburg A NY 1st M gold extended In 1889___ c*
12 1868
1,000
5 g J A J Jan 1 1929
B— Bonds on Properties Controlled by Ownership of En tire (*) or a Mai orlty250.000
(ft) of Capital S tock, or by (c) Lease
Bergen Co R R 1st M Ruth Jet to Ridgewood N J . .
10 1881
1,000
200.000
6
A & O A"pr 1 1911
Ch A Erie 1st M g (Marlon O to Ham’d Ind)..C e,c*
250 1890
1,000 12 , 000,000
M & N May 1 1982
Chicago & Atlantic Terminal first mortgage g . . Ce
ke
1888
1,000
300.000
J & J July 1 1918
cGoshen A Deck’t’ n 1st & 2d M’s ($60,000 are 2d).
68-69
246.500
l
e
Various 1928-1929
cMont A Erie 1st & 2d M’s ($40,500 are 2ds)______
6667
170.500
5
Various 1926-1927
Jefferson 1st & 2d M’s ext In ’87 A ’89(H’daleBr). _c
6750069&c
300.000 4)4 &
J & J July 1 1927-29
1st M Carbond to S depot g ext In ’09 red 105FP.C*
1889
1,000
2.800.000
5g
&
Apr 1 1919
Long Dock Co cons M g (now 1st M) (see text)__.o*
1885
1,000
7.500.000
6g
&
Oct 1 1935
cN Y & Greenw L prior lien M $1.500,000 g old .. . N
1890
100 &c 1,471,600
&
May 1 1946
£>Ncw Jersey & New York 1st M ext In 1910.........c*
1880
500 &c
400.000
A
May 1 1940
General mtge $1,200,000 (red 105 after 5 yrs) gold
1892
500 &c
629.500
5
A
Jan 1 1933
N Y L E & W C RR 1st M "lawful m oney".-M p.c*
1882
1,000
1.100.000
6 cur
&
May 1 1922
N Y L E A W D A I Co 1st M (V 56 p 82).........F.c*
1883
1,000
3,396,000
6
&
July 1 1913
N Y Pa & Ohio prior lien mtge gold $ or £ ____F.c*
422 1880
500 &c
8 , 000.000
&
Mch 1 1935
Do Leased lines— see separate statements for Cl evelan d & M ahonlng Valley RR and Sharg on Ry
j ”N Y Susquehanna & Western— Northern New Jers ey— T loga R R— See e ach compan
C — Erie Railroad Company Bonds
Second M on Buff 4 s w gold ext 1908 -----Q.xc*
1.000
1895
5 g J A j'July 1 1918
1.000,000
s
s*
EAST BROAD TOP RR. & COAL CO. (Pa.)— Owns from Mount Union,
Pa., to Woodvale, Pa.. 31.13 miles; Booker Jet. to Booker, 2.36 m o p e r
ates Shade Gap R R .. 10 m., and Rocky r r ., 4.93 m.; total, 46.06 m.
S e ° v -f
^
a,/ £ ad 0pened *n 1874‘
Stock, $816,589 (par
$60). of which $247,189 Is 6% non-cum. pref. First mtge. 4s ($500,000)
2 ^ n5ed V*
,I^n- 1 ,1958- Second mtge. 4% Income bonds, $466,» ®nnn-1 >
8 ’ « ~ en n 1^,08TfoA bacl£ lnterest from 1885.
Car
? o2i’°i0.0
Payable J.-D. Year 1909-10, gross, $237,621;
net, $119,3 1, other Income, $4,916; interest on bonds, &c., $22,520;
halance, surplus, $101,728. Pres., R .S . Slebert, Orbisonia, Pa. Office.
406 Lafayette Building, Philadelphia.— (V. 77, p. 145 .)
MAHANOY RR.— Owns from East Mahanoy Junction to St.
Nicholas and branches, 11 miles; 2d track, 2.10 m.; total track, 19.70 m.
Re-leased Deo. 1 1896 for 999 years to Little Schuylkill Nav. R R . & Coal Co.
« 5% on stock, and lease assigned to Phlla. A Reading Ry. Of the stock
$280,000 was deposited by Heading Co. under Its general mortgage.
_ _ EAST PEN NS YLV A NIA RR.— Owns Reading. Pa., to Allentown, Pa.,
35.38 miles; 2d track, 27.17 m.; all track,87.50 miles. Leased for 999 years
from May 1 1869 to the Phlla. & Reading R R . at a rental of 6% per annum
on the stock and Interest on the bonds. Lease assumed In 1896 by the
Phlla A Read. Railway Co. Of the stock, $1,096,700 wasowned by Read
ing Co. June 30 1909, $1,092,850 being deposited under gen. mtge. of 1897.
EAST TENNESSEE & WESTERN NORTH CAROLINA RR.—A narrowgauge road from Johnson City, Tenn., to Cranberry, N. C., 34 m.; also John
son City to Hampton, Tenn., 15 m., third rail. Controlled by Cranberry
Iron & Coal Co. .Stock, $501,900. Dividends, 4% paid In 1908-09; In
1909-10, 8% . For year ending June 30 1910, gross, $222,787; net, $106,379;
other Income, $5,893; Int., taxes, &c., $34,194; dlvs. (8% ), $39,396; bal.,
sur., $38,683. Pres., F. P. Howe, Phlla., Pa.— (V. 82, p. 333, 1379.)
EASTERN KENTUCKY RY.— Riverton to WebbvIUe, Ky., 36 m. Stock,
common, $1,697,800; preferred, $1,779,500; par, $100. No bonds. Bills
payable, $34,456; car trusts, $1,569. Year 1909-10, gross, $49,222; net,
$1,128; other Income, $2,736; deductions, $5,061; balance, deficit, $1,197.
Year 1908-09, gross, $48,859; operating deficit, $2,387.— (V. 90, p. 1362.)
EL PASO &
R y., from El Paso
controls and operates
___
_____
128 m.; Alamagordo & Sacramento Mtn. R y., Alamagordo N M to
Russia, 31 m.; Dawson R y., Liberty, N. M., to Dawson, 133 m.; total,” 457
miles. Name changed from New Mexico Ry. & Coal Co. In 1905 Operated
as eastern dlv’ n of El Paso & Southw’n Co., lessee, the western dlv’n being
the El Paso & Southwestern R R ., El Paso, Tex., to Benson. Arlz with brs
The El Paso & Rock Island Ry. was Incorporated In 1902 with $2 500 000
stock (of which 60% owned by the El Paso & Northeastern Co ) and
$2,500,000 5% guaranteed 50-year bonds. It has close traffic agreement
with Chic. Rock Island & Pacific for 999 years. V. 71. p. 1219
The Dawson Railway & Coal Co., stock $3,000,000, has Issued $3,000 000
collateral trust bonds, which are guaranteed, principal and Interest and’ are
secured by the stock and bonds ($3,000,000 each) of the Dawson Ry and
those of the Dawson Fuel Co. ($1,000,000 each), the latter owning about
25,000 acres of coa mineral and timber lands, being sold In 1905 to the
Stag Canon Fuel Co
V. 73, p. 900; V. 74. p. 776; V. 87, p. 1604. 1536.
STOCK.— Stock, $12,000,000, all of one class. In May 1905 Phelps
Dodge & Co. Interests, it Is understood, acquired entire stock of system. ’
BONDS.—The New Mexico Ry. & Coal Co. coll, trust 5s of 1897 are
secured by the stock and bonds of El Paso & N. E. Ry. of New Mex. ($2.
700,000 of each), the stock of the El Paso & N. E. RR. of Texas, $300,000
(no bonds Issued), and all the stock ($2,500,000) and all the bonds ($1,500 000) of the New Mexico Fuel Co., the latter covering 3,500 acres of coal
lands. Of the first and consolidated and coll, trust 5s of 1901, $3,000,000
are reserved to retire the coll, trust 5s of 1897 and $2,000,000 are applicable
for Improvements and new equipment. V. 74, p. 776.
The bonds of the Alamagordo A Sacramento Mtn. R y., of the El Paso &
Rock Island and those of the Dawson Ry. A Coal Co. are guaranteed.
EARNINGS.— 5 m os.,fl910.............. Gross, $3,009,652;'net, $1,239,958
July 1 to Nov. 30.
\1909________ Gross, 2,962,257; net, 1,244,653
REPORT.— For year ending June 30 1910, of entire El Paso * South(001 mUes). gross, $7,437,660; net after taxes ($255,600),
$2,769,043. N. Y. office, 99 John St.— (V. 81, p. 508; V. 87, p. 1605.)
EL PASO UNION PASSENGER DEPOT.— Owns depot at El Paso, Tex.,
which was completed about Nov. 1 1905. Leased by El Paso Northeastern,
El Paso Southwestern, Galveston Harrisburg A San Antonio (So. Pac. S ys.),
Aten. Top. A Santa Fe, Tex. & Pac. and Mex. Cent, railroads on a whcelage
basis providing tor maintenance and all charges. Stock. $240,000. owned
equally by the six roads named. Of the bonds (see table above). $12,000
mature Jan. 1 yearly beginning 1916. V. 78, p. 104; V. 81, p. 1043. Pres.,
C. W. Kouns; Sec., VV. R. Martin; Treas., U. S. Stewart.— (V. 82, p. 1496.)
3fELGIN JOLIET & EASTERN RY.— Owns from Waukegan. 111., on Lake
Michigan, via Spaulding and Joliet, to Porter, Ind., 129.94 miles, and
branches Normantown to Aurora, 9.65 miles— Walker to South Wilmington,
111.— 33.30 miles; Hammond to Whiting, Ind., &c., 16.39 miles; Rockdale
Jet. to Rockdale, 6.57 miles; Cavanaugh to Shearson, Ind., 2.64 m.; total
ma'|n fine owned, 198.49 miles; spurs to coal mines, &c., 30.52 miles; track
age, 268 29 miles; 2d track, 30.74 m.; side and yard tracks owned, 116.86
m.; total track operated, 644.190 miles. Also leases Chic. L. S. & East, for
89
1 1909 and with the U. S. Steel Corp. guarantees Its
$9,000,000 4H % bonds, p. A l. V. 89, p 1410, Owned by Federal
Steel Co. and so by U. s . Steel Corp
«1lSTOCK.—$10,000,000, as Increased from $6,000,000 In June 1909;
par. $100. Dlv., 4% yearly (In Dec.) in 1899 to 1910.
• EARNINGS.— 5 mos.,f 1910............ Gross, $3,648,958; net, $1,240,423
’ Jul? D ° Now. 30.
\1909............ Gross, 3,948,248; net, 1,762,451
. Net•
Other Inc. Charges.
Surplus.
1909-10 ...............$9,352,325 $3,413,731 $74,456 $3,065,531 $422,856
Pres., A. F. Banks— V. 89, p. 1410.,
J P Morgan & Co N Y
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
50 Church St, New York
do
do
do
do
50 Church St. New
Fidelity Trust Co
50 Church St, New
J P Morgan A Co,
do
do
do
do
do
do
do
do
do
do
do
do
York
Phlla
York
N Y
50 Church St, New York
TERMINAL RR.— Under construction May 1910
from Westport, N. Y .. on the Delaware & Hudson to Elizabethtown, 8 m.
Stock, $80,000> par $100. Bonds ($150,000 auth.) are subject to call at
^ ° n “ d atte_r April 191$; V. 90, p. 1362. Pres.,*G. W.JtJenklns.
Elizabethtown, N. Y.— (V. 90, p. 1362.)
ELMIRA & LAKE ONTARIO RR.— Owns from Canandaigua, N. Y .. to
Chemung Jet., 64 m.; Sodus Point to Stanley, 34 m.; other, 2— total, 100 m.
^ J ^ a^ a 0081 of operating to the Northern Central, which owns all the
$1,500,000 stock. Lease may be terminated on 30 days’ notice.
Ual. Year—
Gross.
Net.
Int., A c.
Balance.
I®9®...........................^ ’a1* ? ’,0,5,?
534,712
$185,158
def.,$150,U4
l " 8........................... 1,055.139
66,897
191,030
def. 124,133
EIJYURA & WILLIAMSPORT RR.— Owns from Williamsport, Pa., to
^Am, rw N;
Lcis- Lea®ed t0 the North. Cent. Ry. for 999 years
rrom May 1 1863. The dlvs. on the com. stock are 5% and on the pref. 7% .
iColSA ^ e,3’ T
makl,n?A<}AV- on cor?- 4.3?% and on Pref. 6.31%. The $963,000
1st 6s due Jan. 1 1910 were extended to Jan. 1 1950 at 4 % . V. 89. p. 1667.
Cal. year 1909, gross, $1,758,798; net, $391,761; rental, $149,280.— (V. 89:
p. 1667.)
ENID OCHILTREE & WESTERN RR.— Projected from Dalhart, Tex.;
to Ochiltree, 113 miles, of which Dalhart to Victory, 10 miles, opened Oct.31
1910 anil some additional grading done. On Dec. 20 1910 II. G. Hendricks
T£?M was appointed receiver. V. 91, p. 1760. Stook auth.
$o0p,0p0’ of which greater part subscribed and large part paid in. Bonds
authorized, $15,000 per mile, but none apparently sold. Pres., Geo. M.
Peary; Treas., W. B. Slaughter.— (V. 90, p. 447; V. 01, p. 1766.)
PITTSBURGH RR.— Owns New Castle, Pa., to Girard, Pa.;
79.56 m les: branch to Erie docks, 3.41 m.; trackage to Erie, 16.74 m.; total
operated, 99.71 miles. Leased to Penn. RR. for 999 years In 1870 at 7%
on stock anil Interest on bonds, and lease transferred to Penn. Co. Under
agreement of Nov. 1 1905 the Penn. RR. will provide sinking fund Install
ments required by the gen. mtge., the E. & P. to deliver its 3 )4% debentures
at par for such advances and at maturity of the gen. mtge. bonds to ex
change new mtge. bonds therefor. Debentures Jan. 1 1910 $234,843.
STOCK.— The special betterment stock ($2,500,000 auth.) Is subordinate
to the old stock, but guaranteed 7% dividends. Dividends on old stook
are subject to a 4-mlll tax on assessed val., on special betterment, tax-free.
EARNINGS.—The profit to the lessees In 1908 was $475,744; In 1907;
$634,366; In 1908, $90,476; 1909, $231,443.— (V. 84, p. 749.)
ERIE RAILROAD.— (See Map on adjoining page.)— Embraces trunk
line from Jersey City, opposite N. Y. City, to Chicago, 111., 998 m., and
branches, 1,397 m.; total, 2,391 m.; second track, 895 m.; 3d and 4th tracks.
55 miles: total, all tracks. 3,321 miles.
Lines owned in fee—
Miles.
Leased lines—
Miles
Plermont, N. Y ., to Dunkirk.. 447 Avon Gen. & Mt. Morris_____ *13
Buffalo to Jamestown, N. Y ._
67 Montgomery A Erie__________ *10
Buffalo to Corning, N. Y ........... 140 Northern R R . of N. J ............... *26
Other branches.......................... 144 Goshen & Dcckertown________ *12
Stock all (a) or nearly all (b) owned. Rochester A Genessce V alley.. *18
aChlcago A Erie R R ...................*2501 Other lines___________________
45
aJefferson R R ------- -------*45
Leased to Nypano RR.
N. Y. & Greenwood Lake R R . *52 Clove. & Mahoning Valley R R . *81
bNew Jersey & New York R R . *38 Sharon R ailw ay______________ *32
Erie & Wyoming Valley R R __
59 Other lines...................................
54
aNypano R R __________________*422 Trackage _____________________
226
bTloga R R ...................................
58
Other lines.............
157 Lines In system June 30 MO____2,391
♦See this company.
N. Y. Susquehanna A West__ *236
HISTORY.— On Deo. 1 1895 succeeded, per plan In V. 61, p. 368, the
N. Y. Lake Erie & Western RR Co., sold In foreclosure under Its 2d con
solidated mtge. The company holds In fee or through ownership of all
or practically all the stock of the Independent companies the line from
New York to Chicago (Including the Nypano R R . and Ohio. <5s Erie com
panies), and also all subsidiary lines except a tew small properties.
COAL AND STEAMBOAT PROPERTY.— The Erie coal properties rep
resent an aggregate of 12,400 acres of anthracite, of which about 9.000 acres
are held In fee; also 53,000 acres of bituminous coal lands held In fee, 14,000
acres of bituminous held under mineral rights. Its coal tonnage In the
year 1909-10 aggregated 19.128,796 out of the 38,763.600 tons hauled.
The Union Steamboat Line (merged in Erie RR. Co. June 30 1896), has
terminal, &c., properties In Buffalo and 8 lake steamers. See V. 63, p. 514.
The Penn, coal properties acquired In 1901 are additional. V. 82 ,p . 1322.
STOCK.—The voting trust was dissolved May 1 1004. V. 78, p. 1549.
Jaa® p.r or, e,n a,nd^^e general lien bonds of 1895 have 10 votes for each $1,
22?
’ tJ?c!r authorized issues aggregating $175,000,000, of which
$81,342,000 Issued In July 1910 Provisions of preferred stock were In
Supplement” of April 1897, page 3. V. 66. p. 335. 573.
DIVIDENDS (cash) %
1>01. ’02. ’03. ’04. '05. ’06. 1907. '08. to ’10
On first preferred ..............\ 1)4 3
3)44 4
4 Apr., 2
0
On second preferred— ____j __
__ ___ __ 3
4 Apr. 2
0
r
lr^ e ne.w flrst consolidated mtge.'ls for $175,000,000 (Farmers’
«^ 21 aa
9 °-. trustee)—see abstract of deed V. 62, p. 89, and secures
$35,000,000 prior lien and $140,000,000 general lien bonds. Both series
have voting power: see “ Stock” above.
Of the $140,000,000 general lien bonds. $92,073,000 were reserved forthe
ultimate acquisition of bonds and guaranteed stocks left undisturbed on
various parts of the system (see list V. 62, p. 89). and $17,000,000 were
reserved for new construction, betterments, additions, &o.. after 1897 ,
not over $1,000,000 to bo used in any one year
In Oct. 1910 application
J'jV8 &£2nted t0 '5?ue 51.000.000 gen. lien bonds for coal cars; making $36,
885,000 outstanding. V. 91, p. 945.
The position of the flrst consolidated mortgage Is substantially as follows:
It Is a first lien (mortgage or collateral, the prfor lien bonds, however, pre
ceding the general lien bonds) upon the co’s chief coal properties (except
Penn. Coal Co.) upon Its water transportation lines (Including valuable ter
minal properties appurtenant thereto), and upon a number of profitable
local lines In New Jersey and near Buffalo; It Is a second lien upon certain
RAILWAY STOCKS AND BONDS.
J a n .. i 9 i i .|
RAILROAD COM PANIES
[For abbreviations, etc., see notes on first page]
Miles Date
Road Bonds
Par
Value
Amount
Outstanding
Rate
When
Last Dividend Places Where Interest and
Pagable and Maturity
%
Dividends are Payable
Erie Railroad— (Concluded)—
Prior lien bonds 535,000.000 sold--------------- F.c*A
1895
$ 1,0 00
4 g J A J Jan 1 1996
New York and London
General Hen $140,000,000 gold---------------------- c*A
1895
l .000 36,8 <5,000
4 g J & J Jan 1 1996
50 Church St. New York
Penn coll trust M $36,000,000 g s f (text) .Atc.cAr
1901
1000 Ac
F <5c A Feb 1 1951
4
?
First conv mtge $50,000,000 gold Series A ---- S c*Ar
1903 1.000 Ac
A
&
O
4
S
Apr
1
1953
do
do
Series B_________
do
1905 l .000 A
4 g A A O Apr 1 1953
Coll tr g notes $15,000,000 red par______Ba.xo
1908 1,000 Ac
6 g A <5c 08 Apr 81911
Erie A Jersey notes sec by E A J bonds ext 1910
1907
6
Dec 1 1911
Avon Geneseo A Mt Morris and Rochester A Genes **« Val ley Sto cks—See those Comp anies
Evansville & Indianapolis— See Evansville A Terre Haute
Evansville & Terre Haute— Common stock-----------50 3,987 ,383 5 In 1910 Yearly Nov 1 19'0 5 ?0 Checks mailed
Preferred stock non-cumulatlve (see text)___ . Ta
1,283 .333 5 In 1910 A A O Oct 15 1910 2 H Checks mailed
50
First consolidated mortgage gold-----------------F .c *
144 1881
1.000 3.000 ,000
6g J
J July 1 1921
Bankers’ Trust Co N Y
Mount Vernon Branch mortgage gold________ F.c*
25 1883
1.000
375 ,000
6 g A & o Apr 1 1923
do
do
Sullivan Co Coal Branch mortgage gold_______ F.c*
I 890
1.000
450 ,000
A
&
o
5
ft
Apr 1 1930
do
do
First general mortgage for $7,000,000 gold__ _ F o*
1892
l ,000
3,145 .000
A
A
5
g
o
Apr 1 1942
do
do
Equip bonds Scries B due $20,000 s-a_________ Ba
1905
1,000
160 ,000
4 >4 g F A A Aug ’ l l Feb ’ 15 Blair A Co New York
do
Series C due $60,000 s-a (V 82 p 627) .Ba
I 906
l .000
600 ,000
4 4 g F & A Aug ’ l l Feb ’ 16
do
do
Evansville A Ind 1st M gold guar___________ F.c*
54 1884
1 ,000
647 ,0 0 0
6 g J <5c J July 1 1924
Bankers’ Trust Co N Y
Cons M ($2,500,000) g gu p A 1 (end) E ATH .F.c*
134 1886
1.000
1,853 .000
6 g j & J Jan 1 1926
do
do
Fitchburg— Preferred 5% rental--------------------------100
18,860 .000
5
Q— J Jan 1 'l l 1M% Office. Boston A Me Best
Bonds to State of Mass 4% since Feb 1897_____
1887
1 .00 0
5.000 ,000
4
A4 & N Feb 1 1937
Office FItchburgRR.Bost
Bonds not mortgage---------------------------------------cAr
1890 1.000 Ac
500 .000
J & I) June 1 1920
Bonds not mortgage---------------- -----------------------c*
1894
1 ,000
500 ,000
44
M A N May 1 1914
Bonds not mortgage($1,359,000 due 1915)_____ c*
95 96
1,000
1,859 ,000
4
various 1915 and 1916
Bonds not mortgage ($2,750,000 are 4s o f ’97) _-cA r
97 98 1.000 Ac
4,200 ,000
4
Various 1027-1928
Bonds not mortgage ($1,775,000 are 3 V4s of ’01)cAr
’00 01 1 . 0 0 0 A c
2,275 ,000
3 <4 A A O Oct 1 1920-21
Bonds not mortgage $2,000,000 authorized__ c*Ar
1907 1,000 Ac
2.000 ,000
4
A A O Apr 1 1927
do
do
Bonds not mortgage $3,660,000 currency______cAr
1905 1 .non a ** 3,660 ,000
4
M A N May 1 1925
Bonds, not mortgage $2,400,000 _____________ .cA r
1908 1.000 Ac 2,400 ,000
44
M <& N May 1 1928
Troy A Boston first mortgage (V 53 p 405)___ cAr
1874 1.000 Ac
573 ,000
7
j
A J July 1 1924
Brookline A Pepperell plain bonds guar (end)___ c
1891
1 ,000
100 ,000
5
& D Dec 1 1911
j
Vermont A Massachusetts plain bonds guar___ cAr
1903 1J)00 Ac
772 ,000
3 t4 M A N May 1 1923
do
do
Fitzgerald Ocllla & Broxton— 1st M $300,000 gred 110
1907
1.000
150 ,000
6 g J & J July 1 1937
Owned by Atl B A C’stCo
Flint A Pere Marquette— ScePere Marnuette statemen
Florida Ry— First mortgage $4,000,000 ...............Ca
1909
100 Sec text
5
J
A
J July 1 1959
Carnegie Trust Co, N Y
I Ml?
Florida Central— Mtge $200,000 gold (see text)_____
10 ,0 0 0
200.000
\T & N Nov 1 1911 14 Safe Dep A Tr Co. B it
« g
Third mortgage.............................................................
1910
1,000
300.000
6
A & o Apr 1 1940
do
do
Florida Central & Peninsular— See Seaboard Air Line Ry
minor coal properties and upon the railroads leading to all the coal proper
ties, upon the terminals at Jersey City, upon the Buffalo X. Y. A Erie HR
(the main line to Buffalo), and the Buffalo terminal properties other than
those upon which It Is a first lien, and upon the entire line from Salamanca
to Chicago; It Is a second consolidated mortgage upon the lines between Ptermont and Dunkirk (447 miles).
The collateral trust 4s of 1901 are secured by 51% of the entire N Y
Susq. A Western stock ($26,000,000 total Issue), all of the Pennsylvania
Coal Co stock, and the stock of the Erie A Wyoming Valley R R ., Scranton
Pa., to I.ackawaxen, 65 miles, and Delaware Valley A Kingston RR. A
sink, fund of 10c. per ton of coal sold purchases bonds at not exceeding 105
otherwise to be applied to the drawing of bonds bv lot, all such bonds to be
kept alive and the accruing Int. thereon to be added to the sinking fund,
which. It Is estimated, will be sufficient to retire the whole Issue at or before
maturity. V. 71, p. 1219, 1311: V. 72, p. 44. and circular, p. 136, 532, 257;
V. 79, p. 212. In 1901-10 $3 862.000 Included above as outstanding was
purchased by the sinking fund.
The conv. 4s of 1903 ($50,900,000 authorize,, Issue) will be Issued from
time to time as required and may be made convertible Into com. stock at a
price to be fixed when the bonds are Issued, but not less than $41 % per
share: they will cover all the company’s property subject to underlying Hens.
The first $10,000,000 (series A) issued for Improvements and equipment Is
convertible on basis of $100 bonds for $200 stock to April 1 1915.
Series B bonds for $12,000,000 are convertible Into common stock at
$60 per share at any time since Oct. 1 1907 and before Oct. 1 1917. V 76,
p. 382 541: V. 78, p. 768: V. 79. p. 2205: V. 8t. p. 270.
The Erie A Jersey R R ., with $600,000 auth. stock, completed In Jan. 1909
a low-grade cut-off from Highland Mills, via Campbell Hall, to Guymard,
N. Y ., about 40 miles. In June 1907 $3,000,000 3-year Erie A Jersey 6%
notes were sold, secured by $4,000,000 E. A J. bonds (auth. Issue $10,000.
000 1st 50-year 4s). They were extended in 1910 tor 1 year at 6% . V. 80,
p. 2621; V. 84, p. 693, 1366; V. 87, p. 1160; V. 91, p. 1511.
In .l i m e 1907 fh e G e n e s e e
River
RR
w a s a u t h o r i z e d to m a k e $ 6 , 0 0 0 , 0 0 0
mortgage covering road from Hunts to Cuba, N. Y ., 30 miles, completed
July 1910. A loan of $2,000,000 due 1910 was obtained, secured by Its bonds.
V.'84, p. 1366, 1488; V. 81. p. 777.
The Issue of $10,500,000 of the 6% 3-year collateral gold notes authorized
In 1908 (of which $38,000 were later retired by the sale of part of the collat
eral) had as collateral security In May 1909 the following: $9,457,000 Erie
R R . Co. "general Hen” bonds (additional to the $35,885,000 shown above as
outstanding): $985,000 Erie R R . Co. “ convertible bonds. Series "B " ;
$567,906 Mutual Terminal Co. of Buffalo first mtge. bonds; $336,000 Erie
RR. Co. Pennsylvania collateral bonds; $1,338,063 Hocking Valley Ry.
Co. com. stock; $145,700 Temple Iron Co. capital stock; $101,840 Lehigh
A Hudson River Ry. Co. capital stock; $5,000,000 Interest obligations
and coupons of Erie RR. system, purchased from holders during 1908-09.
In May 1909 $3,522,000 of the remainder of the aforesaid notes was sold
for cash and arrangements made under which $1,027,000 further coupons
and Interest obligations maturing on or before July 1 1909 were purchased
and deposited thereunder, as well as $1,000,000 additional general lien
bonds which the company Is entitled to Issue annually for additions and
betterments and $409,000 car trust certificates. V. 86, p. 856, 917, 1466
V. 87, p. 37; V. 89. p. 1085, 1086.
Car Trust Series, Gold (Denomination $1,000 each). See V. 88, p. 882.
Date, interest
outstanding
M ature in In stallm e n ts.
JAD
$950,000 June ’ 11-June ’ 14 $100,000 s.-a.
” H” .............1905 4
” 1’’ .............1905 4
.TAD 3.850.000 June ’ 11-June '16
350,000 s.-a.
"J ” . .............1006 4
MAN
57 1,000 May ’ 11-Nov. ’ 16
47.000 s.-a.
" K ” .............1907 4t4 A AO
377,000 A ug.’ ll-F eb. '17
29.000 s.-a.
“ L” .............1907 5
1,39' ,000
To July 1917
JAJ
107.000 s.-a
"M " .............1007 5
To July 1917
JAJ
377,000
29.000 s.-a.
"N ” _______ 1907 5
A AO 2,128,000 Apr ’ 11-Oct.’ ’ 17
152,000 s.-a.
“ O” _______1007 5
700.000
A AO
To Oct. 1917
50.000 s.-a.
“ P” . - - ............. 5 Q.-F.
233,419
To Aug. 1912
_ Interest paid: "J "1and "L ” In New York; Series " H ”
Co., Philadelphia; Series " I ” at Penn. Co. for Insuranceson Lives, Ac.,
Philadelphia: Series “ K” at National Bank of Commeice, New York;
Series "M ” at Girard Trust Co., Philadelphia; Series "N ” at First National
Bank, New York; Series " O " at Central Trust Co., New York.
Long Dock 6s. see March 1894 "Supplement,” under N. Y. L. E. A VV.
FINANCES.— During the year ending June 30 1909 the company an'
nounced that various coupons (aggregating about $5,000,000' would bo
purchased on presentation to J. P. Morgan A Co. In order to ieave the
company funds for Improvements and additions. Coupons due July 1 1909.
to a total of $1,000,000 were also purchased (V. 88, p. 1620), and $3,
522,000 of the remaining $4,500,000 of the 15 million note Issue of 1908
was sold, secured In part by these coupons. The Improvement In the finan
cial outlook then led the management to abandon,at least for the present,
the Issuance of any of the $30,000,000 bonds which were to be used to take
up the aforesaid note issue and to fund coupons maturing on the prior lien
bonds anti general lien bonds during the five years ending June 30 1914.
V. 89. p. 1086; V. 87, p. 1245; V. 88. p. 504, 853, 882, 1061, 1127. Bergen
IIIll cut was opened June 12 1910; aiso cut-off from Hunts to Cuba, N. Y.,
30 miles, In July 1910. V. 90, p. 1613.
EARNINGS.— 5 m os.J1910..........Gross, $25,049,655; net, $7,309,459
July 1 to Nov. 30.
\ 1909......... Gross, 25,871,535; net. 7,148,093
ANNUAL REPORT.— Fiscal year ends June 30. Report for 1909-10
given at length In V. 91. p. 1020, 1029; editorial, p. 1066.
....
. .
1909-10.
1908-09.
1907-08.
Miles operated........................................
2,227
2,231
2,171
Gross earnings...........................
$54,866,190 $50,441,162 549,784,236
Working expenses.........................
39,100,332 36,904,285 41,031,096
Net earnings.......... ........................... -515,765,858 $13,536,876
Interest on securities.........................1 $3,527,091/ $2,537,451
Rents, Ac., received_______________J
-----------—
806,929/
$8,752,540
$664,290
2,252,208
Total net Income...............................$20,099,878 $16,812,879 $11,669,038
T ,
.
.
,
1909-10.
Interest on bonds.............................. _ $9,714,161
Interest on collateral notes.................
793,988
980,646
Rentals of leased lines_____________
Hire of equip’t and Joint facilities-- 1,562,300
Interest on car trusts______________
598,852
Penn. Coal Co. sink, fund and m lsc-643,388
Additions and Improvements.............
737,087
1908-09.
$9,669,733
520,327
983,587
1,179,051
733,104
779,373
381,927
1907-08.
$9,602,561
984,753
820,399
722,043
1,102, 104
575,804
Balance, surplus or deficit.........sur. $5,069,456sr. $2565717df.$2199,226
OFFICERS — Pres., F. D. Underwood; V.-P. and Gen. Solicitor, G. F.
Brownell; V.-P., G. A. Richardson: Sec., David Bosman; Treas., D. W
Bigoney; Aud., C. P. Crawford, 50 Church St., New York.
nJain*I' rnil0
' -Ste« le- J • J- Goodwin. John G. McCullough.
Ogden Mills, F. D. Underwood, G. A. Richardson, Francis Lynde Stetson,
F. Pake;\> Norman B. Ream, Charles A. Peabody, E. II. Gary, Geo.
sXs Pie-f«insi
!? r , S1613;
,)- h 0Vsrt’ah'
J 'oree•
Hamilton.—
303,
1362, 142o
V. 91, p.F -393
, 945,Wm.
1020,p .1029,
1511.) (V. 90, p.
EVANSVILLE A INDIANAPOLIS RR.— Owns Evansville to Terre
Haute. Ind.. Ivla \Vorthlngton) 131 m .; leases branch. 12 m. A consolida
tion In I 880 . Of the consols, $017,000 are held to meet ls t s d u e l 924 . The
consols and the bonds of 1924 are guaranteeu by Evans. A Terre Haute,
which owns capital stock, $2,000,000. Company owns no equipment.
I? 1900-07 (latest return), gross. $439,356; net, $128,017; Int., taxes, Ac.,
$19o,553; bal., deficit, for year, $66,936 .— (V. 8 9, p. 103, 410.)
EVANSVILLE & TERRE HAUTE RR.— (See Maps St. Lout s & S. F .)—
Road 'rwned anil operated. Aliles | Controlled and operated. Miles
Evansville to Terre H a u te .......... 109 |Ev. A Ind. It It., Evansv. to Terre '
Branches to Mt. Vernon, A c------- 50 1 H’ te v la Worthington, A c_____ 140
Evansv.lie Belt (stock held)___
5|
___
Total In earnings__________________________________________________31o
Leased to other companies Rockville extension
23
Chic. A East. Illinois owns $3,186,450 of the com. stock. V. 8 1 . p. 1242.
I?IVS-— ’ 94 05. ’ 90. ’97. ’ 98. ’ 99. ’00. ’ 01. ’02-’05. ’ 06 to ’09. 1910.
~o? ** -* - - - - - - 2
3
None. 4 yearly
5
I r e f-./o
-- -1
1
2 4)J 5
5
5 yearly 5 yearly
5
On preferred 0 % declared. 2 /4% paid O ct. 15 1910 and 2
April 15 ’ l l .
5s* 83,855.000, are In trust to re tire prior bds. at matur.
EARNINGS.— 5 mos., / 1910----------------Gross, $1 ,207,313; net, $466,208
July l to Nov. 30.
\1909...................Gross, 1,085,998; net, 469,855
REPORT.— For 1909-10 In V. 91, p. 1242. Results Include Ev. A Ind.
Year ending June 30—
1 909-10.
1908-09.
1907-08.
Operating revenue ............ ............. ......$2,471, 175 $2,093,997 $2,204,069
Operating Income after taxes.......... ...
828 , 270
661,891
710,068
Total net Income___________ _____ ___
986 , 872
777,874
991,160
Interest and rentals.... ................... ......
60 o', 191
592,048
602,758
Dividend on preferred (5?J)_________
61,200
01,197
61,200
Dividend on common ( 4 % ) _________
199,105
159,284
159,326
B ala n ce-............................ ..........-sur.$121,376 def.$45,368 sur.$178,589
Chairman Exec. Comm., B. F. Yoakum, N. Y.; Pres., B. L. Wlnchell;
Vlce-Pres.. C. W. Hillard. N. Y.: Sec. A Treas., Gilbert S. Wright, Evans
ville, Ind.— (V. 87. p. 1 1 5 5 , 1 2 2 0 ; V. 91, p. 654, 1 2 4 2 .)
FITCHBURG RR.—System extends from Boston, Mass., to Troy and
Rotterdam, N. Y., 251 miles: branches to Worcester. Bellows Falls, Ac.,
-07 m .;458 m. In all of which 59 m. (Fitchburg to Greenfield) leased from
Vermont A Mass, and 5 m. other cos.; second track 199 m. V. 84, p. 1366.
LEASE. — Leased for 99 years from July 1 1900 to Boston A Maine for 5%
on pref. and 1 ,» on com. stock, organization expenses, int. on bonds, taxes,
S^ C nSAnf ™a ^ lC„n a c e l &cu r!o3ton * Maine nolds $5,451,400 of the
S7,000,000 common stock, the remainder behit in the treasury. V. 70,
p. 76, p. 125, 176, 583, 1291; V. 71, p. 29, 54J1; V. 72, p. 532.
T o ^ °i^ ^ o’io&«r^ ;I?innentu,rcai see v - 60. P- 067; V. 84, p. 158. 270. On
fo m
u n i i noonaam st0,ck was sold. The stockholders on Sept. 28
$18 860 0*00 —°(V°°9°, ap 7 1g’il8~0 ‘jf' stock; t,lls Increased the amount to
FITZGERALD OCILLA & BROXTON RR. Owns Broxton to Ocllla,
v Cl't nh ,b£;‘ ? ch 4? I1Itzfternld. 5 m.; leases Ocllla to Irwlnvllle,
i ? "Si v,
S?ock- $300.000, all outstanding; par. $100,
of which three-fourths, together with all the $150,000 outstanding bonds,
are, owned by the Atlanta Birmingham A Coast Co. V. 89, p. 41.
In 1909 a protective committee for securities of Atlanta Blrm. A Atlantic
RR. requested deposits of both stock and bonds
V 88 o 1196
$7
980r ebDell.,
a T gd
Jelr 510,249. ^ V.. 85.
f 50.9“
r ’.. ;>nd Don
onbonds.
5* ,tJoUt
uer.,
n <tTr)8o WDetps
FI f1
MoFadden; Sec. and Treas., C. 13. Gwyn.— (V . 88, p. {190; V. 89 . p. 41 .)
ISi
\ e hnriiLRL^hYilirT ' f 4° n’ ',ve ° al(- Fla.. 52 miles, with branches. 7 m.
mUps°r ZPTten«Vnnl(1wprI.n ,,I;li 1 lassoe t0 Fernandlna and Jacksonville. 224
v erc 11j , er construction In Jan. 1911 from Live Oak
81 nJ|? k 8 on.is rxf nna ntin'1* 1'??',101 Inlles- Stock auth.. $4,000,000; par,
dav tiitci
after Jiiljr
r v if 1914,
l 9 ?•’ they will
' i'i beUissued
iC) are, subJcct
to call
106 onMnnov
any Int.
dciy
at S20 000
noratmile
to
vIde Tor
forCperiod
Derl(x?oFconstrt?rtinn
c* Jn MaY 101°.
been
deposited
to pro
vide
or construction *a#c
of extensions.
V. had
89, p.
1590;
V. 90. p.1362.
Pres, and Ircas., Frank Drew, Live Oak, Fla.— (V. 90, p. <147, 1302.)
PLO V D A
C H N I WA I .
^
. — ’ ) w i *.
I' iHinui.svMli1
(i n
south
t Ih’ d i i f h
timber lands to Fan lew, Fla., 47 miles; completed 1908. Controlled by
non in io iSi
•!}££• par* 5 100. Bonds of 1907 mature 580,S ,? ,0„0? ^ carly- Safe Dep. A Trust Co., Balt.,
trustee. In April 191 0 made 3d M. for $300,000. V. 90, p. 1170. Loans
and bills payable June 30 191 0. $54,920. V. 85. p. 1339. For year ending
June 30 1910, gross, $64,903; net, $34,205; Interest, taxes, Ac., $43,769;
deficit, $9,564. Pres., J. L . Philips,— (V. 90, p. 1170.)
RAILROAD COMPANIES
[For abbreviations, &c., see notes on first page]
Florida East Coast— 1st M J12.000.000 goldBa.xc*r*
General Income M 5% non-cum $25,000.000______
Florida West Shore— See Seaboard Air Line.
Fonda Johnstown & (iloversvillc— Cons M $500,000.c
First consol refunding mtge $700,000 gold___ N.c*
General refund mtge $1,500,000 (V 71 p 3 4 ).. N.c*
Johnstown G ft Klngsboro ilrst mortgage assumed.
Cayadutta Elec 1st M guar p ft 1by F J & G gold .. N
First cons gen ref M $7,000,000 g red 120__. N.c* <fcr
Ft D Dcs M & So— lstM$3.500.000 g red 105(text)OB
Refunding mtge $5,500,000 gold red par (te x t).. AB
Fort Smith& Western— 1st M $7,500,000 g old.. Me.c*
Fort Wayne & Jackson— Preferred stock 5 t f% rental
Ft Worth & Denver City— Pref stock "stamp certs” 4s
First mortgage gold $18,000 per mile------------ Me.c*
Equip trust certs guar due $33,000 s-a redeem 101..
do
do Series 1) due $10,000 s-a redeem 101G
Gainesville Midland— First M $1,000,000 g red at 110
Galveston Harris!) & San Antonio— 1st M g 1 grext.c*
Western Division Ilrst mortgage gold.................... c*
Gatv Hous & Nor Ilrst mtge (owned by South Pac).
N Y Tex ft Mex 1st M gold $ or £ guar by So P.F.c*
do
do
do
not guaranteed__
New mortgage, $10,000,000 to be auth___________
Galveston Houston & llend of 1882— First M -.M e.c*
Galveston Terminal— 1st M $5,000,000 auth gu (text)
Garden City Gulf & Nor— 1st M gold $15,000 per mile
M iles Date
Road Bonds
619 1909
1909
26
26
26
4
14
1881
1897
1900
1893
1892
75 1902
163 1907
163 1907
1904
—
98 —
—
—
454
—
- _
74
256
671
56
91
91
50
____
1881
1906
1907
1905
*71-80
1881
1900
1882
1882
1910
1883
1908
1909
1899
16
Geneva Corning & Sou— Common stock, guar...........
Preferred stock, guaranteed_____________________
75 1885
Pine Creek 1st M gu p & 1 end___________________ r
____
1909
First & refund M ($10,000,000 auth)___ F xc*&r*
Georgia & Alabama— Georgia Carolina & Northern — See Si aboard
85 1906
Georgia Coast & Piedmont— First M g $1,000,000 _.G
1907
___
Consolidated mortgage $3,560,000 gold — .........-Cc
___ 1908
• Income debentures____ _________________________
55
1905
Georgia & Fla— Milieu & South 1st ,\1 $800,000 g — h
284 1
G ‘org'a ft Florida mortgage
onn ooo gold
e*
1910
Georgia & Florida Term M $200,000 guaranteed..
1904
Georgia Florida & Xlabama— First mortgage g. - M» >•» Text
Genesee <% W yom ing R R — First M gold $500,000---- K
Par
Value
EAST
COAST
R Y .—
Rate
%
When
Payable
Last Dividend Places Where Interest an
and Maturity
Dividends are Payable
1 000,&c $10,000,000
4 « g 3 ft D June 1959
20,000,000 3 K % pd Nov 1’ 10 July 1 1959
100 &c
200.000
6
A ft O Apr 1 1921
1,000
500,000
4 « l ! J ft J July 1 1947
1,000
800,000
4 g J <3c J July 1 1950
1 ,000
50,000
6
.1 July 1 1913
J
1,000
350.000
6
A <5c O Oct 1 1922
1 ,000 Sec text
N Nov 1 1952
4t* g M
1,000 2,200,000
5 g J &, J Jan 1 1932
2,800,000
100 ftc
A & () Apr 1 1937
5g
1,000
6,240,000
4 g A & O Apr 1 1954
100
2,291 ,416
M & S Sept 1 1910 2 U
5T
100
2.539.992 4 In 1910 Yearly Feb 21 1910 4 %
1,000
8.176,000
6 g J & D Dec 1 1921
273,000
5
J & D J’ne ’ 11-June 14
1,000
247,000
5
A &. O Apr ’ l l Apr 17
1,000
661,000
M & N \ v 1 1935
5g
1 ,000 4,728,000
F & A Aug 1 1935
6g
1.000 13.418,000
M & N May 1 1931
5g
800,000
5 g J & .1 Jan 1 1930
£ or $ 1 ,465,000
4 g A & O Apr 1 1912
53.000
£ or $
A & O A p r 1 1912
6g
None Dc’ 10
6
1940
1,000
2 030,000
5
A & O A n r 1 1913
1,006,000
6
Mch 1 1938
1,000
600,000
6
J & J 1949
500 000
1,000
5 tr A &. O \pr 1 1929
2,325,000
3X
Q— J Jan 1 1911 H%
4
5,000,000
1,000 3,500,000
6
J & D Deo 1 1932
l.OOO.&c See text
M & N May 1 1959
4g
Air Line Ry
609,000
1,000
M & S Mch 1 1946
5g
240,000
&
5 g
J
D Dec 1 1957
175,000
6
Sept 1 1918
21 2 . 0 •
l ,U U l>
<&
V
( ) Apr 1 196o
5g
5,216,000
500 &c
\1 ft N Nov 1 1957
3g
135,000
6
1.000
5V
.1
&
1.732,000
j July 1 1954
Owns from Jacksonville. Fla., via St.
Augustine to Knight's Key, 476 m.; branches, 95 m.; trackage, 13 m.; total,
583 m. Completed to Miami In 1895 and has since been In successful opera
tion. Is under construction from Knight’s Key southward to Key West,
45 m., and will be completed early in 1011, forming the only connection to
Southern and Eastern Florida and thence to Cuba for the Atlantic Coast
Line, Southern Ry. and Seaboard Air Line. The proposed car ferry be
tween Key West and Cuba (90 m.) will permit rapid through service In place
of transshipment and a long ocean voyage. Extensions proposed in Dec.
1910 from Maytown to Whittier, Fla., and Lake Okeechobee with a branch
to Fort Basslnger on the Kissimmee River, a total of 135 m., to be com
pleted within 3 years at cost of SI,500,000 or more. V. 91, p. 1629.
Stock.— $5,000,000, of which $3,000,000 sold at par and $2,000,000 ad
ditional subscribed for at par. Is payable as required for construction during
1911. Controlled by Henry M. Flagler.
Bonds, &c .— The 1st M. 4Ms ($12,000,000 auth., $10,000,000 sold In
June 1909— V. 88, p. 1620) are a first lien on 619 miles at $16,150 a mile,
lncl., equipment; cost In cash reported as $59,774 per mile.
Followed by
$20,000,000 2nd mtge. Income bonds and $5,000,000 stock.
Dividend on Incomes, 3\$%, paid Nov. 1 1910. V. 91, p. 589.
EARNINGS.— 5 mos., (1910______Gross, $1,063,566; net, $164,013
July 1 to Nov. 30.
11909______Gross,
882,570; net,
112,592
For 3 mos. ending ,Sept. 30 1910, gross, .$383,642; net, $50,604; int.,
rentals, taxes, &c., $163,283; bal., def., $112,679.
REPORT.— For year ending June 30 1910 (V. 91, p. 1508), gross, $3,
687,434; net, $1,481,621; Int., taxes, rentals, &c., $670,038; lnt. on Income
bonds, $700,000 (3H % ) less int. on deposits ($2,341), $697,658; bal., def.,
$113,925. In 1908-09, gross, $3,373,554. Pres, and Gen. Mgr., J. It.
Parrott.— (V. 90, p. 1362; V. 91, p. 589, 1446, 1508, 1629.)
FO N D A JO H N STO W N
& G L O V E R S V I L L E R R . — Owns Fonda to
Northvllle (steam), 25.47 m;; Gioversvlllc to .Schenectady (electric), 32.26
m.; Gioversvlllc to Fonda (electric), 8.70 m.; Amsterdam to llagaman
(electric). 3 86 in.; Belt line In Gioversvlllc (electric) ,3.84 m.; second track
(electric), 21.01 miles. Operates under lease branch line Broadalbln Jet.
to Broadalbln, 6.15 m. (steam); also local line Gioversvlllc to Johnstown
(electric), 4.08 m.; sidings and turnouts, 12.16 m.; total,96.52 miles of road
(117.53 miles of track), of which 96.87 on private right of wav and 20 66
miles on street and highways. Stock, com., $2,500,000; pref., 6% cum.,
$1,000,000, subject to call at 105. authorized Feb. 1909. of which $500,000
sold April 1909. V. 88, p. 883. Dividends on pref., 1 J-4% quarterly June
1909 to Dec. 1910 lncl. (Q.-M 15). On common Ilrst dlv., 2% , paid July
20 1910. Par of all stock, $100.
Owns entire $105,000 stock of Coal Co. of Fulton Co. and stock of Edison
Electric Light ft Power Co. (V. 71, p. 1167.) V. 78. p. 29. Also a twothirds interest In stock and bonds of Adirondack Lakes Traction Co. i miles.
BONDS.— Consol. 4 H3, $7,000,000 auth.; $1,850,000 Is reserved to re
tire prior liens. V. 76, p. 265. In Jan. 1911 application was granted to
Issue $380,000 consols, for improvements, making $5,067,000 outstanding.
V. 91, p. 336. Guarantees $30,000 Glov. ft Broadalbln 5s and $50,000
Johns. Glov. & K. Horse RR. 6s and $50,000 8% stock.
LATEST EARN IN G S— f 1910...............Gross, $428,456; net, $238,323
5 mos., July 1 to Nov. 30.(1909_________ Gross, 387,857; net, 214,739
REPO RT.— Report for year ending June 30 1910 In V. 91, p. 1324,
showed: Gross, $90 1,751; net, $483,229; other Income, 524,080; charges,
$390,041; pref. dlv. (0% ), $30,000; common, dlv. (2% ), $50,000; bal.,
surp., $37,174.— (V. 91, p. 38, 870, 1324.)
F O R T D O D G E D E S M O I N E S & S O U T H E R N R R . — Owns or controls
road from Des Moines, la., to Fort Dodge and extensions to Rockwell City
and Newton, with 7-mlle branch to Ames and local lines In Fort Dodge and
Ames, all equipped for steam service, and the main line between Des Moines
and Fort Dodge, with branch to Ames, a total of 90 miles, also with electric
power for passenger service. V. 85, p. 98, 1209; V. 87, p. 1420; V. 88. p.101.
On Juno 6 1910 President Homer Loring and Parley Sheldon of Ames, Id.,
were appointed receivers. V. 90, p. 1554.
STOCK.— Common stock authorized, $5,500,000; outstanding, $2,000,
000; pref., 5% non-cum., $1,200,000, all Issued. The bonds cover 3,218
acres coal lands. V. 85. p. 98; V. 87. p. 1420. Coupons are In default.
Year 1908-09, gross, $342,672; net, 5123,562.— (V. 90, p. 1554.)
F O R I ' S M I T H & W E S T E R N R R . — Operates Fort Smith, Ark., to Guth
rie, O. T., 216 miles, of which Coal Creek, I. T., to Guthrie, 196 m Is
owned and Ft. Smith to Coal Creek, 20 m., Is Kansas City Southern track
age, to be replaced by company’s own road. Coal properties are deveiopid
at McCurtaln. I. T.. 40 m w e s t of Port Smith, producing an average of
30,000 tons per month. Owns 51% of the capital stock of the St.Louis El
Reno & West. Ry.. Guthrie to El Reno, O. T., 42 m., oper. independently.
In Nov. 1910 security holders were privately asked to deposit their hold
ings with a committee consisting of W. L. Brown, A. W. .Mellon, Colgate
Hoyt, W. II. ConnilT, W. G. Mather, J. J. Sullivan, Geo. S. Russell, James
H. Hoyt, S. II. Tolies, C. C. Bolton and A. C. Dustin (Superior Savings &
Trust Co. of Cleveland, trustee), with a view to protecting their Interests.
V. 91, p. 1446.
Stock, $5,000,000, all outstanding; par $100. Of the 4s of 1904 ($7,500,OOu autn.i, $3,«33,t)oo were issued in exchange lor $5 ,000,000 010 5s,
$400,000 are reserved to replace the 20 miles of trackage mentioned aho c,
$400,000 for equipment and the balance for other purposes. Equipment
trust notes outstanding June 30 1909. $452,468. V. 77, d . 88.
EARNINGS.— 5 mos., f 1910................ .Gross, $388,120; net, $131,867
July 1 to Nov. 30.
\1909_________ Gross, 328,297; net.
69,534
For year ending June 30 1910, gross, $663,085; net, $76,119. In 1908-09,
gross, $641,448; net, $20,371; other income, $42,752; Int., taxes, &c.,
5356,330; bal., def., $293,207. In 1907-08, gross, $647,957; net, $87,908.
Pres., A. C. Dustin, Cleveland, O.— (V. 83, p. 271; V. 91, p. 1440.)
F O R T WAYNE & JACKSON RR. —Owns Jackson, Mich., to Fort Wayne
Ind., 98 miles. On Aug. 24 1882 leased perpetually to Lake Shore ft Mlchl
gan Southern at a rental of $126,027, equal to 5Ti% on the pref. stock (see
V. 56, p. 812), and after 1887 any net earnings over 8% on pref. stock to be
paid on com., but not exceeding 2% a year. Com. stock, $436,132.
F L O R ID A
Amount
Outstanding
Metropolitan Tr Co N Y
Farmers L ft Tr Co N Y
In default
Oct 1907 coup last paid
Farmers L & Tr Co N Y
Guaranty Trust Co N Y
Office, 26 Liberty St,NY
Commercial Tr Co, Phlla
Guaranty 1’rust Co N Y
Savannah Ga
Owned by Sou Pac Co
So Pac Co 120 Bway N Y
do
do
So Pac Co N Y; & Lond
Mercantile Trust Co N Y
Common’th Tr Co, St L
Knickerbocker Tr Co N Y
Grand Cent Sta, N Y
Grand Central Sta, N Y
F J Llsman ft Co N Y
Int only pay. when earn.
’ 'an-vi’ i n rt l K m » i k N Y
Knlck Tr Co, N Y & Balt
Manhattan Trust Co N Y
FORT WORTH & DENVER CITY R Y.— (See Map Col. So.) — Ft. Worth
Tex., to Texline. 454 miles. Owns securities of Ft. W. & Den. Term. Ry.
STOCK, &c.— Colorado & South. Ry. June 30 1910 owned all but $24,484
of the $6,835,008 com. Issued and stamped stock. V. 63, p. 1063, 75.
Payments under stamped stock agreement of Oct. 12 1895: 2% In ’ 98;
’ 99, 2% ; 1902, 2% ; April 1903, 1904, 1906 to 1910, 4% each.
BONDS.— Abstract of mortgage, V. 45, p. 440. Certs, of indebtedness
owned by Colo. Sou. June 30 1910, $202,879. Equipment trust, V. 82,
p. 1101; V. 84, p. 508. Equipment trust 5% notes of 1908, due June 1
1913, $78,000. "Pullman” equip, leases, lncl. Int., June 30 1910, $505,008.
The Fort Worth ft Denver Terminal Ry. authorized an Issued $2,500,00i>
30-year 8% bonds dated Dec. 1 1907 (Mercantile Trust Co., N. Y ., trustee)
subject to call at 105, of which $728,000 have been Issued, $300,000 sold and
$428,000 held by Ft. W. & D. C. Ry. V. 86,p.52, 1100,1589; V. 87. p.949
E A R N IN G S— 5 mos., 11910.......... Gross, $2,428,386: net, $1,016,329
July 1 to Nov. 30.
(1909_____ Gross, 2,343,875; net, 1,031,742
Pres., Geo. B. Harris.— (V. 82, p. 1156; V. 84. p. 508.)
GAINESVILLE AlIDLAND RY.— See page 170.
GALVESTON HARRISBURG & SAN ANTONIO R Y.— (See Map Sou'h
Pacific.)— Owns Galveston, via Houston. Tex., to east bank of Rio Grande
River, 833 miles; Deevllle to Rosenberg. 147 miles; San Antonio to Port
Lavaca, 136 miles: Magers to West Shore. Galveston Bav. 46 miles Po-t
Lavaca, Stockdale to Cuero, 46 m.; branches, 174 m.; trackage, 3 m • total,
1.338 m. Southern Pac. Co. owns $27,056,100 of the $27,084,372 stock
(par, $100). A consolidation in 1905 with the N. Y. Texas ft Mexican,
Galv., Houston ft Nor., &c. V. 79, p. 2642; V. 80, p. 1424; V. 81, p. 211,
668, 1242; V. 83, p. 1528. Due So. Pac. Co. June 30 1910, $10,391,263.
BONDS.— The shareholders voted In May 1910 to make a new mtge.
to secure an Issue of $10,000,000 30-ycar 6% bonds on the properties ac
quired In 1905 and the new line from Stockdale to Cuero, Tex., 47 miles, a
part of the Issue to be reserved to retire the outstanding bonds thereon.
V. 90, p. 914. In June 1910 applied for permission to Issue $5 384,000 of
the bonds. V. 90, p. 1554.
Western Dlv. 2ds ($6,354,000) by agreement are treated as Income bonds;
V. 58, p. 719; V. 84, p. 803; V. 88, p. 1437.
Equipment bonds,
$1,558,000 6s, owned by So. Pac.. V. 76, p. 1300; V. 77, p. 2160. So. Pac.
Co. proprietary companies and sinking funds of latter also own $842,000
Matagorda Dlv. 1st M. 6s of the old New York Tex. ft Mex. Ry., $2,224,000
Gulf West Tex. ft Pac. 1st M. 5s, $800,000 Galv. Houst. ft Nor. 1st M5s.
and $1,110,000 out of a total of $6,354,000 West. Dlv. M. ft P. ext. 2d M. 6s;
$4,728,000 G. II. ft S. A. East. Dlv. 1st 6s (extended), due Aug. 1 1935, arc
also owned by So. Pac. or sinking funds of proprietary cos.
EARN ING S— 5 mos.,11909-10____ Gross. $4,738,942; net, $1,471,473
July 1 to Nov. 30.
11908-09____ Gross, 4,506,729; net, 1,475,140
For yearending June 30 1910: Gross, $10,699,379; net, lncl. other Income,
$3,191,296; charges, $2,482,796; bal., sur., $708,500.— (V. 90, p. 372, 914,
1554; V. 91, p. 38, 336; V. 92, p. 187.)
GALVESTON HOUSTON & HENDERSON RR. OF 1882.—Owns from
Galveston. Tex., to Houston. Tex.. 50 miles.
ORGANIZATION.—The M. K. ft T. and International ft Great Northern
have had trackage rights since Dec. 1895 under a contract providing for pay
ment to mtge. trustee of $ 100,000 yearly to meet Interest on G. H. & H
bonds and an additional rental of $ 24 .0 on ner annum for dividends or other
purposes—see V. 61, p. 1064; V. 63. p. 697. Dlvs., May 1904 to 1906, 4%
yearly; since to June 30 1910, none. M. K. ft T. owns 4,999 shares of stock
— sec V. 61, p. 1013.
Stock, $1,000,000; par, $100. For year ending June 30 1910, gross,
$2,340,286; net, $328,432; other income, $57,523: bond Interest, $376,7801
other charges, $141,468; bal., def., 5132,293.— (V. 65, p. 1114.)
GALVESTON TERM INAL RY.— Owns extensive terminals at Galveston,
Tex., used by Trinity & Brazos Valley Ry., which owns practically all the
stock. V. 87, p. 950. Owns a large freight depot and warehouse and about 14
blocks along Galveston water-front. In Jan. 1910 about 27 miles of main
line and sidings had been completed. Stock auth., $25,000. Of the 1st 6s
($5,000,000 auth. Issue), $1,106,000, guar. Jointly by the Ch. R. I. ft P. and
Col. ft So., were sold In Nov. ’08. V. 86, p. 1100, 1589; V. 87, p. 1478. Pres.,
R. H. Baker; V .-P., John Sealy.— (V. 86, p. 1100, 1589; V. 87, p. 936.)
G A R D E N C I T Y G U L F & N O R T H E R N R R . — Owns from Garden City,
Kans., to Scott City, 40 miles, completed Dec. 1909. In Sept. 1910 con
tracts let for extension from Scott City north 55 miles and south from Gar
den City to Liberal, Kan., 70 miles. Stock authorized, $5,000,000;
present Issue, $600,000; par, $100. The first 6s ($5,000,000 authorized
Issue) are mlted to $15,000 per mile; Commonwealth Trust Co., St. Louis,
mtge. trustee. V. 89, p. 918. Pres., 11. M. McCue; V.-P. and Gen. Mgr.,
E. A. Tennis; Treas., Thos. Lynn, Garden City, Kan.— (V. 89, p. 918.)
GENESEE & WYOMING RR.—See page 170.
GENEVA CORNING & SOUTHERN.— Owns Geneva, N. Y ., to Antrim.
Pa.. 109 miles; branch to Ulysses, Pa., 40 miles; Stokesdale Jet., Pa., to
Newberry Jet., 75 m.; Penn Yann, N. Y ., to Dresden, 6 m.; other branches,
l m.; total, 232 miles. A consolidation In Feb. 1909, V. 88, p. 1002. Stock,
com., $2,325,000; pref., 4% cum., $5,000,000; par, $100. Leased to N. Y.
Cent, ft Hud. Rlv. RR. from April 1 1909 for the term of Its corporate ex
istence, or any extensions thereof, the rental covering 4% dividends on the
pref. and 3 H % on the com. stock. V. 88. p. 822, 1061; V. 89, d . 286 The
N. Y. Cent, ft Hud. Rlv. RR. owns $1,820,800 of the $2,325,000 common
stock and the $5,000,000 first pref. stock. V. 90, p. 54, 167.
Pine Creek 6s are guaranteed by Reading and N. Y. Central Jointly and
severally. See form of guaranty, V. 56, p. 650. The road Is mortgaged to
secure an authorized Issue of $10,000,000 50-year 4% bonds of the N. Y. C.
ft H. R. R R . assumed by the Geneva Corning ft Southern, to be used to
retire outstanding Indebtedness and bonds for Improvements. In July
1909 $3,744,000 bonds were authorized to be Issued for Improvements and
retirement of $600,000 Syracuse Geneva ft Corning second mtge. bonds.
V. 88. p. 1127, 1313; V. 89, p. 162.— (V. 89, p. 286; V. 90. p. 167.)
GEORGIA COAST & PIEDMONT RR.— Extends from Darien to Collins,
Ga., 85 miles; completed In July 1906. Stock, $1,000,000. The con
solidated 40-year 5s (limited to $3,500,000) are issuable at $10,000 per
RAILROAD COMPANIES
[For abbreviations. & .C ., see notes on first pace]
Georgia Midland Ry— First M gold SI .650,000 lnt guar
Georgia Pacific— See Southern Ry
ueorgia Railroad <x Banking Co— Stock............
Bonds refunding not mortgage currency............... c*
Bonds not mortgage $200,000 5s..............................
Bonds not mortgage cur— ..................................... c*
Georgia Southern & Florida— First pref stock redeem
Second preferred $ 084,000 5 % -------------------------First mortgage gold $4,000,000---------------- MeBa.c*
First consol mortgage $10,000,000 gold___ N c*Ar
Kaulpment trusts Ser A and B $37,000 due seml-ann
Equip trusts Ser C due $25,000 seml-ann______Eq.
Gettysburg & Harrisburg— South Mt llrst mortgage..
Gettysburg & Harrisburg first mortgage old Issue..
Consolidated mortgage $565,000 gold (see te x t)..
Oila Valley Globe & Northern— See Arizona Eastern
Goshen & Oeckertown—1st <5c 2d M ($60,000 are 2ds)
Gouverneur & Oswegatchie— 1st M gold gu p & I.Un.c
Grand Rapids & Indiana Ry—Stock $6,000,000.........
First 11 mostly land grant gold extended In 1899.c*
First M extended gold guaranteed by Penn RR..C*
Second mortgage $5,000,000 gold.......................... c*
Grand Rapids & Northw— 1st M $5,000,000 gold-.G P
Grand Trunk Pac— First M £ guar Can Gov (text) .c&r
Prairie Section M (Ser A) £2,100,0001 guar p and 1
Mountain Sec M (Ser B) £2,050,000) by Grand
Lake Superior Dlv 1st M $1,550,000J Trunk
Debenture stock $25,000,000 red at 105 after 1936
Loan, $10,000,000, secured by M on Prairie section
Gr Trk Pac branch lines 1st M guar, see text_____c*
Grand Trunk Ry—Consolidated stock £23,318,309...
4% guaranteed stock non-cumulatlve £12,500,000First preference 5% stock £3,420,000.......................
Second preference stock £2,530,000_______________
Third preference 4% stock £7,168,055........
1
Debenture stock £4,270,575...................................... I
Consolidated debenture stock (collateral trust) cum )
Second equip mtge (subject to first mtg In tru st).cj
Great Western perpetual debenture stock________ c
Northern Ry third preference A A B bonds_____cl
Debenture stock 4% perpetual £425,850______ J
Miles Date
Road Bonds
98 1896
307 ___
1897
__ ’82-87
__ 1907
__
__
285 1895
392 1902
02 06
__ 1910
1877
1882
35 1891
12 88-89
13 1892
335 1891
335 1891
387 1896
1908
1,755 1905
916 1905
839 1905
188 1905
1909
1909
1882
1884
73-74
73-74
3,512 11874
)1874
11869
836J4 Var
490 % J1868
11884
Amount
Outstanding
Rate
%
$1,000 $1,650,000
3g
Par
Value
100
1 ,000
1,000
1,000
100
100
1,000
1,000
1,000
1,000
1,000
1,000
1,000
When
Payable
A
A
Last Dividend Places Where Interest and
and Maturity
Dividends are Payable
O Apr 1 1946
J P Morgan A Co- N Y
4,200,000 Seertext. Q— J Jan 16 1911 2 94
5
A J Jau 1 1922
1,000,000
j
A .1 Jan 1 1922
500,000 5 * 6
j
4
& J Jan 1 1947
1,000,000
j
684,000 5 In 1910 M & N Nov 2 1910 2M
1,084.000 5 In 1010 M & N Nov 2 1910 2K
3,838.000
5 g J cSg J July 1 1945
2,000.000
4 g J & J July 1 1952
M A S Mch’ ll-S ep ’ 12
148.000
4H
475,000
4H g M A S TaM ch 15 1920
5
A A o Apr 1 1898
100,000
6
A A o Oct 11912
250,000
5
A A o Oct 1 1926
215,000
Augusta Ga
Am Ex Nat Bk. or Aug
6
Various 1928-1929
„ 5 g J A D June 1 1942
See text. A A O Apr 25 1910 1 H
3H g J & J July 1 1941
4J4> g J & J July 1 1941
4 g A A o Oct 11936
5g
F A A Feb 1 1058
3 $ or £ J A .1 Jan 1 1062
4
A & () Apr 11955
4
A A U Apr 1 1955
4
A A o Apr 11955
4
M A s Perpetual
4
Semi-an 1919
M A N 1939
4
N Bk Or Co Goshen N Y
Grand Cent Station N Y
Office Grand Rap, Mich
Winslow.LanierACo N Y
do
do
Philadelphia Pa
Philadelphia A Chicago
Bank of Mont. Lon A NY
ICo’s Office London or
) Bank of Montreal
New York
9 N Broad St London E 0
246,500
500 Ac
300,000
1,000
5,791,700
100
920,000
1,000
4,455,000
1,000
4,500,000
1,000
740,0"0
1,000
£100 Ac £7,200,000
£100 Ac £2,100,000
£100 Ac £1,354,000
£100 Ac £1,550,000
£4,000.000
See text.
£100 Ac £2,292,100
£100 £22,475.993
£100 £10,057,578
£100 £3,420,000
£100 £2,530,000
£100 £7,168,055
£100 £4,270,375
£100 £16,221,571
£373,000
£100
£100 £2,723.080
£14.000
________
£325.715
4 In 1910 Seml-an
5 for ’ 09 Semi-an
5 for *09 Seml-an
See text Yearly
5
J A J 14
4
Q—
6
.T A .)
5
F A A
6
A A O
4
F A A
r
Am Exch Nat Bk. N Y
M T A D Co Balt: A N Y
do
do
do
do
do
do
Blair A Co New York
Equitable Trust Co, N Y
Reading Terminal. Phlla
do
do
do
do
N Y . Montreal A London
Nov 8 ’ 10 2%
Check from Co’s Office
Nov 8 ’ 10 2H %
do
do
Nov 8 ’ 10 2H %
do
do
Apr 24’08 3%
do
do
Irredeemable
Irredeemable
July 1 1010
Irredeemable
Glyn, Mills, Currie A
Irredeemable
Co, London
Irredeemable
mile and $2,000 per mile additional for equipment when the property has & Northern R y., extending from Albany northeast to Cordele, 37 miles.
earned 50% In excess of Interest charges; $200,000 may be used to acquire V. 90, p. 109, 502. Stock authorized, $4,000,000. In Nov. 1908 filed a
terminals, sufficient of the Issue being also reserved to retire the 1st 5s. $4,000,000 mtge. to Carnegie Trust Co. of New York to secure 5% bonds
V. 82. p. 804. In Oct. 1907 the company was authorized to Issue $2,570,000 Issuable at $20,000 per mile. Pres., W. M. Legg, 534 Washington Ave.,
consois for various purposes. Including $1,000,000 to retire the first 5s. Macon, Ga.; Sec. and Treas., H. J. Bruton.— (V. 90, p. 167, 602.)
V . 8 2 ,p.804. Year ending June 30 1910, gross, $84,640: net, $13,388. In
G E T T Y S B U R G & H A R R I S B U R G R Y . — Carlisle to Gettvsburg, Pa.. 31
1908-09, gross, $68,350; net, $6,665; lnt., taxes, Ac., $43,915; bal., def.,
m.; branch to Round Top, Pa., 3 m.; branch Pine Grove Furnace to Hun
$37,249. Pres., F. J. LIsman.— (V. 88, p. 624.)
ter’s Run, 8 m. (Hunter’s Run & Slate Belt R R ., which was taken over
GEORGIA FLORIDA & ALABAMA RY .— Owns Richland, Ga., to Oct. 31 1910). The Reading Co. owns $545,300 of the $600,000 capital
Tallahassee, Fla., 133 miles, Including 26 miles opened September 1909; stock; $535,000 deposited under Its gen. mtge. of 1896. The consol. 5s
Tallahassee to Carrabelle, on the Gulf of Mexico, 51 miles; branch, Ha of 1891 were guaranteed by Philadelphia A Reading R R . (foreclosed).
vana, Fla., to Quincy, 12 miles; total, 196 miles. Also operates
G I L A V A L L E Y G L O B E & N O R T H E R N R Y . — Consolidated Feb. 1 1910
steamer line from Carrabelle to Appalacldcola, Fla. Stock, $350,000;
par, $100. In June 1909 President Williams, It was reported, purchased with Arizona Eastern R R ., Incorporated Feb. 1 1910.— (V. 90, p. 447.)
the minority stock and practically all of the outstanding bonds. V. 88,
G O U V E R N E U R & O S W E G A T C H I E R R . — Owns from Gouverneur to
p. 1437. Bonds, see table above. Current liabilities June 30 1909, $668, Edwards, N. Y ., 13 miles. Stock, $350,000, all owned by N. Y. Cent.—
758. The stockholders on Nov. 13 1906 authorized $1,225,000 5% non- which guarantees the bonds. See V. 55, p. 810 and V. 56, p. 501.
cum. pref. stock on 168
miles, then operated, with $8,000 per mile for
GRAND RAPIDS & INDIANA RY — (See Maps of Pennsylvania RR.) —
additional mileage; no new stock had been Issued to July 1909.
from Fort Wayne, Ind., to Mackinaw City, 367 m., branches, 69 m.;
For year ending June 30 1910, gross, $417,756; net, $77,225. In 1908-09, Owns
total owned, 436 miles; operates the following roads, but has not assumed
gross, $401,761; net, $63,277; other Income, $10,984; lnt., taxes, Ac., the old company’s leases thereof: CIn. Richmond & Ft. Wayne R R ., 86 m.;
$140,637; bal., def., $66,375. For year ending June 30 1908, gross, $471, Traverse City R R . (nearly all the stock and all the Income bonds owned),
763; net, $39,571. Pres., J. P. Williams; Sec. and Trcas., J. L. Nlsbet. 26 m.- Muskegon Grand Rapids A Indiana R R .. 37 in.. Traverse City
Office. Savannah, Ga.— (V. 88, p. 1437.)
Leelanau & Manlstlque R R ., Traverse City to Northport. Mich., 30 miles
GEORGIA & FLORIDA RY. — Owns'from'Madlson, Fla. (40 miles from (Incl. 6 m. trackage). see V. 74, p. 777; V. 76, p. 811: V. 82, p. 988, 1098.
HISTORY.— Successor Aug. 1 1896 of Grand Rapids A Indiana Railroad.
Gulf of Mexico), to Keysvllle, Ga., 224 miles; trackage, Keysvllle to Au
gusta, Ga., 26 m.; branches, 78 m.; total June 30 1910, 328 m. On Deo. 4 foreclosed under second mtge., per plan In V. 63, p 153.
1910 acquired Sparks Western R R ., Sparks to Moultrie, Ga., 22 miles, of
STOCK.— Stock. $6,000,000, of which Pennsylvania Interests are sup
which 4 miles was uncompleted, and operates It as part of Sparks branch. posed to own all or nearly all. Penn. Co. on Jan. 1 1910 owned $2,902,600,
Owns stock of Ga. & Fla. Term. Co., which provides terminal facilities at
DIVIDENDS.— 1900, 1% ; 1901, 2% ; 1902 to Apr. 1910. 3% (yearly)’
Augusta and Valdosta and guarantees Its 1st M. 6% bonds ($200,000 auth.
Issue). A consolidation In Aug. 1907 of Mlllen & Southwestern and other Oct. 1910, none. See V. 91, p. 1160.
roads, acquired by syndicate organized by MIddendorf, Williams & Co. and
BONDS.—The 1st mtge. bonds extended at 4V$% are endorsed with the
Internat. Tr. Co. of Maryland and John L. Williams & Sons, Richmond, Va. guaranty of the Penn. RR. Co. to purchase the coupons as they mature, and
V. 82, p. 1211; V . 85, p. 345; V. 87, p. 480, 936, 1533; V. 88, p. 681.
the bond Itself at maturity. See guar., V. 56, p. 649; V. 69, n. 1193. Of
STOCK, AC.— Common stock, $15,000 per mile and non-cumulatlve the 2nds, $888,000, were owned Jan. 1 1910 by Pennsylvania R R . and
preferred, $10,000. Outstanding July 1910, common, $5,016,800; preferred, $2,987,000 by the Penn. Company.
$3,358,300. After 4% on pref., com. Is entitled to 4% , then pref. to
REPORT.— Report for 1909 In V. 90. p. 1166. In 1909 carried 2,974,368
2% additional, then common to all other earnings. Bonds to be limited to tons of freight, of which 37% was lumber. Ac., and 22% coal and coke.
$12,000,000 at $20,000 per mile, of which $5,000,000 underwritten In July
Year ending Dec. SI—
1909.
1908.
1907.
1906.
1907. V. 85, p. 221, 530. Car trusts June 30 1910, $208,273.
Miles operated.......................
433
436
426
424
REPO RT.— For year ending June 30 1910 In V. 92, p. 114, showed (273 Gross Income...........................$3,918,371 $3,498,148 $4,149,694 $3,900,605
827,739
727,751
801,299
782,094
average miles), gross, $516,886; net Income, $132,419; charges, $43,444; Net over expenses and taxes.
Interest and other charges, Ac.. $560,363: Improvements. $40,901; dlvs.,
bal., surp., $89,005. Pres., John Skelton Williams; Sec., C. T. Williams;
(3% ), $173,730; bal., sur., $52,745.— (V. 90, p. 1166; V. 01, p. 1160.)
Trcas., Rutherfoord Fleet.— (V. 91, p. 1385; V. 02. p. 59, 114.)
GRAND RAPIDS & NORTHWESTERN RR.— See page 170.
GEORGIA MIDLAND R Y .—See page 170.
G R A N D T R U N K P A C I F I C R Y . — (See M ap.)— This new trans-contlGEORGIA RR. & BANKING CO.— Owns from Augusta, Ga., to Atlanta. nental railway across Canada has received the approval of the Canadian
Ga., 171 m.; branches to Washington and Athens, 58 m.; Macon & Augusta Government and will be carried through with the Joint financial support
RR. (proprietary road), Camak, Ga., to Macon. Ga.. 74 m.; trackage, 4 m.; of the Government and the Grand Trunk Ry. Co. of Canada. It will
total, 307 m. Owns 50% stock of Western Ry. of Ala. (the Central of Ga. consist of a main line of an estimated length of ahont 3 550 miles, from
Ry. owning the other half): also a 47% Interest In Atl. & West Point.
Moncton, New Brunswick, to Prince Rupert, B. C., on Pacific O c e a n , about
Lease.— In 1881 roads leased for 99 years to W. M. Wadley et al for the 30 miles south of southern boundary of Alaska, with branch 188 miles, viz.:
Cent, of Ga. and the Lou. & Nash., at $600,000 per year, but In Aorll 1899
M lies.
the Loulsv. A Nash, was held to have acquired all rights under the lease; 1. Leased Line, to be Built by Canadian Government—
Eastern Dlv., Moncton, N. B., via Quebec to Winnipeg, about----- 1,800
Atlantic Coast Co. July 1899 acquired half Interest. V. 68, p. 722; V. 69.
(To be leased for 50 years to Grand Trunk Pac. Ry. Co.— for first
p. 385, 591: V. 70, p. 125. Tax decisions. V. 85. p. 160. 1339: V. 86, p. 981.
7 years at cost of operating only and for remaining 43 years at
V. 90, p. 559. In Aug. 1908 sold $1,000,000 40-year 4% debenture bonds
3% on cost of construction) (but see V. 80, p 997)
toTrefund the 6s due Jan. 1 1910. V. 87, p. 226, 285. Owns a majority
2. Western Division. Built and Owned by Company—
($198,200) of stock of "Georgia Railroad Bank."
a. Prairie Section, Winnipeg to Rocky Mountains, about---------------- 916
DIVID’ DS.— \188t. 1882. 1883 to 1887. 1888.
1889 to Jan 1911
b. Mountain Division. Rocky Mountains to Pacific Ocean, ab ou t.. 839
1 0 1 0 yearly
10M
lly e a ilv
Since 1880___ % l UK
3. Lake Superior Branch, Built and Owned by Company—
Dlv. rate may be Incr’d from 11 to 12% early In 1911. V. 90, p. 1362.
__
Thunder Bay on Lake Superior to Junction with Eastern Division,
Car trusts Deo. 1910, $60,616.
. „
______
east of Winnipeg (completed in November 1908.)------- ---------------- 188
EARNINGS (307 miles) — (1910_____ Gross, $1,348,343; net, 5339,718
July 1 to Nov. 30, 5 months. 11909_____ Gross, 1,302,171; net, 367,881
Of the Prairie Section, Winnipeg to Edmonton. 793 miles was completed
Railroad earnings for year ending June 30 1910, gross, $3,010,957: net, July 1909; from Lake Superior Jet. to Winnipeg, 245 miles, was opened
$894,683; other Income, $137,689; rental to Ga. R R . & B. Co., $600,000; Sept. 1910; Edmonton west to Wolf Creek, 123 miles, was completed Sept.
Interest, rentals and back taxes, $158,060; additions and betterments, 1909. On mountain section, from Wolf Creek to Edson, was completed
$143,404; bal., sur., $130,852.— (V. 90, p. 559, 1362.)
Sept. 1910, making with Lake Superior branch 1,356 miles of continuous
line In operation; 100 miles east from Prince Rupert was completed early
GEORGIA SOUTHERN & FLORIDA RY — (See Map of Southern R y ) —
Owns from Macon. Ga . to Palatka. Fla., 285 miles: on Nov. 1 1902 pur In 1909 and contracts let for 314 miles additional. Contracts havebeen let
chased Atl. V. & W. Rv., Valdosta. Ga.. to Jacksonville. Fla.. 107 miles; on all other portions of the road to be built by the Government. V. 84,
trackage Into Jacksonville, 3 m.; total, 395 miles. V. 60, p. 928; V. 79, p.551. p 1052; V. 86. p. 794, 1100; V. 87, p. 677, 873; V. 89, p. 224, 1217. Leases
Also owns one-eighth of stock of Jacksonville Terminal Co. V. 77, p. 626. Winnipeg terminals. V. 89, p. 666.
In 1903 the stock of the Hawklnsvllle & Florida Southern R y.. Worth
ORGANIZATION.— Incorporated by Canadian Legislature In 1903. See
to Hawklnsvllle, Ga., 44 m., was purchased, $310,000 1st mtge. 5% bonds full statement In V. 80. p. 996; V. 81. p. 1315. As to Grand Trunk Pacific
being guaranteed, Drln. and lnt. V. 79, p. 2585.
Branch Lines Co., see V. 90, p. 1044 (also bonds below); V. 82, p. 333: V.
DIVIDENDS.— On 1st pref., ’96. 4% ; ’97 to Nov 1910, 5% yearly. On 86. p. 1100: V 88, p. 295, 822, 1372, 1437. New lines, V. 89, p. 1482.
1562; projected, V. 91, p. 1327.
2d pref In ’97. 2%: ’ 98. 3% : ’99. 3% ; 1900 to May 1906. 4% yearly: Nov
1906, 2 H % : 1907 to Nov 1910, 5% yearly. Common stock is $2,000,000.
STOCK.— Authorized. $45,000,000 (par of shares, $100 each), of which
BONDS.— First mtge. of 1895 (Abstract. V. 61. p. 429) provides that the the $25,000,000 common Is owned by the Grand Trunk Ry.
684.000 is) pref. stock shall be a lien second only to the bonds and coupons
BONDS.— The Canadian Government agreed to guarantee 3% 1st mtge.
The 1st consol. 4s of 1902 are for the authorized amount of $10,000,000. bonds for an amount up to 75% of the cost of construction of the Western
of which $4,684,000 are Issuable to retire the $4,000,000 5s and $684,000 1st division, such amount (a) In the case of the Prairie Section not to exceed
pref. stock, and $3,316,000 are reserved for future needs. V. 75, p. 980.
$13,000 per mile, or £3,210,000 In all, and (b) three-quarters of total cost
per mile from the mountains to Pacific Coast, called Mountain Section.
LATEST EARNINGS.— (1910.............. Gross, $998,841; net, $248,633
Total Issue limited to £14,000,000; Royal Trust Co., Canada, trustee. In
5 mos., July 1 to Nov. 30.11909_______ Gross, 957,715; net, 257,725
July 1910 £5,200,000 had been sold and £2,000,000 was ottered In London
* R E PO RT.— Fiscal year ends June 30. Report for 1909-10 In V. 91, at 82
payable Oct. 25 1910. V. 80, p. 096, 1234, 1363; V. 81, p. 507,
p. 1247, showed: Gross, $2,322,158; oper. Income, $425,166; other 613; V. 89, p. 224, 286; V. 91, p. 214, 276.
Inc., $57,988; lnt. on bonds Ac., $332,029; dlv. on stock, $88,400. In 1908
Series " A " (Prairie Sec.) 4% bonds, total Issue limited to £2,100,000, and
09, gross, $1,996,937. Pres., W. W. Finley, N. Y .— (V. 91, p. 1247.)
Series “ B” (Mountain Sec.) 4% bonds, not to exceed £2,050,000, are secured
GEORGIA SOUTHWESTERN & GULF RR.— Projected to extend from by a 2d mtge. (National Trust Co., Toronto, trustee) on the railway,
Albany, Ga., southwest to St. Andrews Bay., Fla., on the Gulf of Mexico equipment and tolls of the co.. Including Its leasehold Interest In the Eastern
with branch to Dawson, Ga. In Feb. 1910 acquired control of the Albany Division, but not branch lines exceeding 6 miles In length, ships, grants of
Miles Date
Road Bonds
RAILROAD COMPANIES
{For abbreviations, &c., see notes on first page]
Railway— (Concluded)
Pontiac Oxford A Nor— 1st M $400,000____Me.c
Midland of Canada cons 1st M £3,164,700______c
New England Elev 1st M g gu due $10,000 yearly..
Montreal Warehousing 1st M $1,000,000 gold guar,
G rand T ru n k
d ran d T runk W estern—
x .
,
_
First M $15,000,000 tnt guar gold $ (cur) A £ ----- F
Northern—Stock $210,000,000---------------------St P M A M consol mtge l (now 1st M) gold--.C e
for $50,000,000 .........../ (V 91 p 518) sink fund
G reat
■{
Montana Ext 1st M ($25,000 p m) gold----- Ce.c*Ar
Pacific Extension M £6,000,000 gold----- Cc c*Ar
O B & Q col tr M g (sub to call at 105) ...........Sc*Ar*
do
do
do
registered.........r*
Minn Un Ry first mtge gold assumed...............Ce.c*
jo
do
do
do
------------------E of Minn No Dlv M $9,700,000 g assu red .M e.c'& r
Mont Cent 1st M g ($6,000,000 are 6s)assum.Ce,cAr
Wlllmar A Sioux Falls 1st M g assum (end)-Ce.c* Ar
Mlnneap West M g assum (V 60 p 835)------------ ..c*
Spokane Falls A North first mtge gold assum.Ma.c*
G t North Ry of Can—See Canadian North Quebec Ry
O r e e n Bay A Western RR—Stock (see text)...............
Debentures Class A Incomes text non-cum______ c
Class B Incomes after 5% on stock non-cum ..c
G r e e n e RR (New York)—Stock----------------------------Greenwich & Johnsonvillc— 1st M $500,000 g -.S .cA .
Q u a y & 0 —Prior lien M gold, red 105 8 f . ...................
1st M originally $12,282,000 gold guar (text) ..U sm
G u l f Beaumont & K C —See Atchison Topeka A Santa
Gulf 13 & Gt Nor gold p A I guar end (text)__ AB.c
G u l f Line—First mortgage $325,000 gold___________
100 1896
455 1882
1901
1906
...
326.5
1900
2,549
2,549
2,549
420
818
1883
1883
3
3
285
260
433
2
132
1887
1890
1901
1901
1882
1882
1898
1887
1888
1891
1889
1896
1896
21 1904
1908
1899
...
77 1900
11)07
Amount
Outstanding
Par
Value
$400,000
1,000
£100 £1.016,500
310,000
1,000
$ or £
$1,000,000
Rate
%
When
Payable
6g J
5
J
SK g J
4
A
A j
A j
A j
A o
Last Dividend
and Maturity
July
Jan
July
Apr
Places Where Interest and
Dividends are Payable
1 1916
Mercantile Trust Co, N Y
11912
1911-1941 UnSDATrCo.Portl’d, Me
1 1936
Montreal or London
4 g J A J July 1 1950
7 In 1910 3—-F Feb 1 1911, I K
6 g ,t A J July 1 1933
4 K g J A J July 1 1933
4 g J A J July 1 1933
4 g J A D June 1 1937
4 g J A .1 July 1 1940
1 4 g J A J July 1 1921
l 4g
Q—J July 1 1921
6 g J A .7 July 1 1922
5 g J A J July 1 1922
A & O 1928-1948
4g
5 A 6 g J A J July 1 1937
5 g J A D June 1 1938
5 g J A J July 1 1911
6
J A J July 1 1939
Bank Montrcal.NYA Lon
32 Nassau St, New York
do
do
do
do
do
do
do
do
N Y A Lond, Baring Bros
J. P. Morgan A Co., N .Y.
do
do
32 Nassau St New York
do
do
32 Nassau NY;Lee,H,Bos
32 Nassau St New York
do
do
N Y A Lon. Baring Bros
32 Nassau St, New York
Feb 7 1910 5%
Feb
100
2,500,000 5 Feb '10
Feb
Feb 7 1910 5“/,
1,000
600.000 5 Feb ’ 10
Feb 7 1910 \i°r<
Feb
1,000
7,000,000
Feb’ 10
100
6
200,000
-T A D Dec 20 1910 3%
• 1,000
400,000
4 g J A J Jan 1 1924
1,000
2,479,000
6 g J A J Jan 2 1930
5
1,000 10.808.000
J A J Jan 2 1932
Office 40 Wall Street N Y
do
do
do
do
D L A W 90 West St
Standard Trust Co N Y
New York and London
See text
£100
100
1,000
1.000
1,000
1,000
£100 Ac
$1,000 Ac
1,000 Ac
1,000
1,000
1,000 Ac
1,000 Ac
1,000
1,000
1,000
1,000
15.000.000
209,970,250
13,344,000
21,220.000
8,704,000
a id .185.000
£6,000,000
1107613500
1
2,150,000
650,000
d9,7 00.000
10,000,000
3,625,000
500,000
229,000
1 132,000
See text
5g
5g
J
v
A
&
J July 1 1930
Sept 1937
5 Nassau Street New Yk
a $11,502,000 additional pledged for Pacific Extens Ion bo nds
d Subject to call at 105 after April 1928.
lands (other than for railway purposes) and the rolling stock of the East,Dlv.
or of the above-mentioned branch lines of over 0 miles These bonds are
unconditionally guaranteed ns to prln. and lnt. by the Grand Trunk Ry. Co.
See form In V. 80, p. 996; also see V. 80, p. 996; V. 86. p. 794; V. 90, p. 1165.
Although the mortgage to secure the 3% bonds guaranteed by the Govern
ment ranks before the mtges. securing A and B bonds guaranteed by the
Grand Trunk Ry. of Canada, yet an agreement schedule to an Act of 1904
provides In effect that In the event of default by the company for 5 years In
payment of the lnt. on the 3% bonds, the remedy of the Government shall
be to put In a manager with the concurrence of the company to operate the
Western Division and to collect and distribute net earnings of each particu
lar division pari passu between the holders of the bonds guar, by the Gov’t
and the holders of tho bonds guar, by the Grand Trunk Ry. Co. In the pro
portion of 75% of such earnings to the holders of the Gov't bonds and 25%
to the holders of the bonds of this division guar, by the Grand Tr'k Ry. Co.
In May 1909 the Dominion Government agreed to loan not exceeding
$10,000,000, repayable In 10 years or at any time on 6 months’ notice.
Interest thereon to be 4 % , payable semi-annually, secured by the company’s
bonds to tho same amount, maturing 1919, guaranteed prln. and lnt. by
the Grand Trunk, under a mtge. on tho Prairie Section, subject to existing
prior liens. V. 88, p. 822. 1191, 1061, 1253: V. 90, p. 1165.
Lake Superior branch bonds, total Issue limited to £1,550,000, are se
cured by a 1st mtge. on all the 188-mlle Lake Superior Dlv. and are guaran
teed prln. and lnt. by Grand Trunk Ry. Co. (V. 80, p. 996.)
In 1909 Acts were passed by the provinces of Saskatchewan and Alberta,
authorizing the respective provinces to guarantee, prln. and lnt., at the rate
of $13,000 per mile, first mtge. bonds to be Issued by the Grand Trunk.
Pacific Branch Lines Co. tor the construction of new lines, viz., 670 miles
In Saskatchewan and 491 In Alberta, to be worked under agreement by the
Grand Trunk Pacific Ry. Power Is given to Issue additional bonds up to
$2,000 per mile, making $15,000 per mile. In April 1910 £1,270,500 guar,
by Saskatchewan were offered at 98 K . V. 90, p. 1044, 1165: V. 88, p. 1437.
DEBENTURE STOCK.— In 1906, $25,000,000 debenture stock was au
thorized, of which $15,000,000 (£3,000,000) lnt.guar, by the Gr. Tr. Ry.
under certain conditions (see V. 84, p. 570), to be Issued as perpetual deb.
stock: of this, £3,000,000 was sold In 1907 to 1909 and £1,000,000 was of
fered In Jan. 1910 at £92 H- V. 88, p. 624; V. 90, p. 303.
OFFICERS.— Pres., Charles M. Hays, Montreal, Can.; Seo., Henry
Philips: Treas., Frank Scott.— (V. 91, p. 214, 276, 463, 518.)
GRAND TRUNK RY. OF CANADA.— (See M ap.)— Quebec. Can., via
Montreal to Chic., Ill ; also to Portland, Buffalo, Detroit. Toledo, Ac.
SYSTEM PROPER.
REPORTED SEPARATELY.
Majority stock owned.
Miles.
At ties.
Lines owned_________________ 2,952 Central Vermont*____________ 531
Leased— partly owned.
Grand Trunk Western*_______ 336
Atlantic A St. Lawrence, PortEntire stock owned.
land,Me., to Island Pond, Vt. 165 Detroit Grand Haven A M il*.. 191
Buffalo & Lake Huron________ 164 Tol. Sag. & Muskegon________
96
Clncln. Sag. & Mackinaw.................. 53 Jointly owned.
Other lines___________________ 202 Detroit & Toledo Shore Line—
79
Deduct—
1909.
1908.
R entals...........................
£155,206 £ 155,206
lnt. on bds. A deb. stock
1,082,974 1.067,127
Adv. to controlled roads
72,154
155,704
Dividends on guar, stock
(4)393,600 (4)382,463
Do
1st pref. stock <5)170,841
(5)170,841
Do
2d pref. stock (5)126,420 (2^)63.210
Do
3d pref.stock ......................................
1907.
£155,206
1,069,136
153,350
(4)336,770
(5)170,841
(5)126,420
(3)214,939
1906.
£155,206
1,070,923
41,537
(4)312,411
(5)170,842
(5)126,420
(3)214,939
def. £387 sur. £5,473 def. £6,477 sur. £8,714
Balance____________
OFFICERS.— Pres., Chas. M. Havs: Chmn. of Board, Alfred W. Smithcrs.— (V. 99, p. 1170; V. 91, p. 154, 336, 397, 518, 1025, 1095, 1442.)
GRAND TRUNK WESTERN RY.— (See Map Grand Trunk R y.)— Owns
from Port Huron, Mich., to Chic. & West. Ind. R R ., at Chicago, 330 m., and
trackage Chic. & West. Ind., 5 m.; total, 335 m. Stock, $6,000,000. all
owned by Gr. Trunk. V. 69, p. 954; V. 71, p. 28.
BONDS.— The Grand Trunk unconditionally guarantees the Interest on
the 1st 4s, of which the last $563,000 were Issued to retire the Northw. Gr.
Trunk 6s on Jan. 1 1910. The Incomes were called for payment on
Dec. 1 1910 at 85 and any lnt. then due. V. 90, p. 1239. Int. on Incomes,
1%, paid on July coupons In 1902 to 1905, Incl.; 4% In 1906 to 1910. V. 83,
1). 687. Jointly with Toledo St. Louis & Western guarantees Detroit &
Toledo Shore Line bonds. V. 76, p. 653; V. 89, p 1411.
EARNINGS.— 5 m os.,/1910________Gross, $2,441,523; net, $411,949
July 1 to Nov. 30.
\1909............. Gross, 2,586,058; net. 687,149
Year ending June 30 1910, gross, $6,232,362; net, $1,470,101; other In
come, $295,132; charges, $1,587,356; 4% on Incomes, $60,000; add’ns and
Imp’ ts, $121,349; deficit, $3,472.— (V. 90, p. 1239; V. 91. p. 1095J
GREAT NORTHERN RY.— (See M aps.)— Operates a line from St. Paul
Minn., via Spokane, Wash., to Lowell, Wash., on the Pacific coast, with
coast line to Seattle, and numerous branches in Minnesota, Nebraska, North
and South Dakota, Montana. Washington, Manitoba and British Columbia,
aggregating, June 30 1910, 7,247 miles.
Lines owned in fee.Miles. | Lines
owned in fee.
Miles.
St. Paul.,
Minn., to Lowell,IDuluth, Minn., to Laramie, No.
W a sh ................................1,7901
Dak........... ................................ 325
Seattle to Vancouver_________ 156 jSt. Paul,Minn., to Grand Forks
Wlllmar, Minn., to Yankton,
I No. Dak------------------------------ 324
So. D ak _______ 205|VarIous
branches_____________ 3,442
Garretson, So. Dak., to Sioux
ITrackage ------------------------------ 246
City, la., and O’ Neill, N eb .. 208 |
Spokane, Wash., to Nelson,B.C 200 | Total June 30 1910-------------- 7,247
Pacific Jet., Mont., to
Butte.. 351 |2d Ac., tracks A sidings--------- 2,177
The Spokane Portland A Seattle R y., 420 miles, was completed May 7909.
V. 85, p. 1273; V. 86, p. 1529. In the fiscal year 1909-10 about 150 miles
were completed, a 52-mlle branch was nearing completion June 30 1910 and
several extensions were In progress. Including one from Fargo, N. D., to
Surrey, 225 miles. V. 91, p. 1100.
In Dec. 1908 Chic. Burl. A Quincy (Jointly held) acquired control of Colo.
A Southern, affording direct connection for the Hill lines with the Gulf of
Total In earnings__________ 3.536 1 Total road_________________ 4,769 Mexico. V. 87, p. 1664. In 1909 arranged to use Jointly the Northern
Car ferry, Grand Haven to Milwaukee. ’ See separate statement this Co- Pacific line. South Tacoma to Vancouver, Wash., 135 miles. V. 88, p.1372.
In Dec. 1909 control was acquired of the Spokane A Inland Empire (Elec
As to Grand Trunk Pacific Ry., see that company above. V. 79, p. 2587On Sept. 30 1905 began operating Canada Atlantic Ry. and guar., prln. tric) R R ., operating 247 miles. See "Elec. Ry. Section,” V. 89, p. 1596.
and lnt.. Its 4% bonds. V. 79, p. 967, 1331, 1641,2455, 2620: V. 85, p.600.
ORGANIZATION.— In 1907-08 absorbed St. Paul Minn. A Man and
In 1909 purchased stock of Pontiac Oxford & Northern, Pontiac, Mich., other roads theretofore controlled
V. 85, p. 600, 1209; V. 86, p. 168, 794.
toCasevllle. 100 m , and assumed $400,000 6%bonds. V. 89, p. 1542’ 1347.
LANDS.— Due from land contracts June 30 1910,$235,764; land unsold,
MtThe Southern New England Ry. was chartered In April 1910 to build 811,225
acres,
to
be
reduced
about
660,000
acres by adjustment with U. S.
from Palmer, Mass., at a connection with the Central Vermont, to Provi
dence, R . I., where It Is planned to construct an extensive dock system,
STOCK.— In 1898 surrendered the right to Issue common stock, all stock
giving tho Grand Trunk a through line via the Central Vermont from being "o f a single class with uniform rights and privileges.”
Stockholders In Jan. 1907 subscribed (or $60 ,000 ,non new stock at par,
Montreal to Providence. V. 91, p. 154; V. 90, p. 447, 1044.
In Oct. 1910 It was proposed to apply for authority to make up accounts payable In Installments to April 1908. V, 83, p. 1469; V. 84, p. 749.
annually Instead of semi-annually, acquire Montreal A Southern Counties
DIVID’ DS, 1’ 92 to ’ 96 (Inch) '97. ’ 98. *99. ’ 00. ’01. 1902 to F eb .1911.
(Electric) Ry., Issue additional consol, ueb. stock, Ac. V .9 1 ,p . 1025,1095.
Gt.North.I 5% yearly
5K 6K 7
7
7 7% yearly, Q-F.
STOCK, Ac.— The authorized capital on June 30 1910 was £48,936,364
Also In 1898 50% In Seattle A Mont, stock, which was then exchanged
stock (£45,651,620 Issued and £3,284,738 unissued); advances from Cana for 40% In Gt. Nor. pref. V. 66. p. 1044. 1188; V. 74. p. 829. In May,
dian Gov’t In aid of construction amount to £3,111,500. Perpetual consol. 1901 >^% and In Nov. 1907 1 H% was paid from earnings of Lake Superior
4% deb. stock auth. by Act of 1882, and later Acts, has been Issued from Co. V. 85. p. 921, 1405. And In Dec. 1906, unit for unit, 1,500,000 shares
time to time to acquire securities of companies consolidated and controlled, of beneficial Interest In the Iron ore properties. See “ General Finances.”
amounting June 30 1910 to £9,050,108, and bearing an annual Interest of
BONDS.— St. P. Min. A Man. consol, mtge. of 1883 Is for $50,000,000, of
£466,036. V. 71, p. 84; V. 88, p. 822, 1194; V. 82, p. 692; V. 86, p. 602, which bonds are reserved to pay prior liens. It fs a first lien on the land
1100 .
grant, and, since retirement on Nov. 11910 of Dak. ext. 6s, on 2,549 miles
Station Co. bonds, V. 82, p. 452. Montreal Warehousing guaranteed of railway In Minn, and the Dakotas. V. 64, p. 518; V. 86, p. 229; V. 87,
bonds. V. 83, p. 37. Gr. Trk. Pac. Devel. Co., V. 86, p. 1042; V. 90, p. p. 1533: V. 88, p. 295, 624, 1061, 1372: V. 91, p. 518. Montana Ext. mtge.
306; V. 91, p. 1449.
Is limited to $10,185,000. Abstract, V. 45, p. 342.
DIVIDENDS—
For ’ 99. ’ 00. ’ 01 ’ 02. •03. '04. '05. •06. ’07. ’08. •O')
Pacific Extension mtge.. £6,000.000, provides for bonds at £6,000 per
0
5 5 5
First preferred__ - - - % 5
5
5
5
5
5
5
mllo In Montana and £7,000 per mile west of Montana. V. 66, p. 1044,
5 5 2K 5
5
5
Second preferred- - - - % 3M 3
4
5
5
1188;
V. 80, p. 1111, 1174; V. 90, p. 303. Seeabstract of mtge., V. 52,p.82.
0
0
2
3 3 0
1
2
Third preferred__ - - - % 0
0
0
In 1904 the Gi. Northern and Nor. Pac. nau a cq uu eu Slui .612,6oo oi me
$110,839,100 Chicago Burl A Quincy RR. stock, In exchange for their
EARNINGS.— 5 m os.J1910.......... Gross, $15,064,737; net, $1,083,480
Joint 20-year 4% gold bonds, secured by the deposit of the stock In trust,
July 1 to Nov. 30.
\l909_____ Gross, 14,812,053; net, 4,213,416
basis of $200 In bonds for each $100 stock. See circular. V. 72, p. 871,
For half-year ending June 30 1910, gross, £3,321,637; net, £865,571, on
1135, and application to list V 73, p. 294, 903: V. 85. p. 600 .
against £787,271 In 1909; net charges. £448,897; advances. £69,514; dlv. 1034,
Ry. of Minnesota.— Nor. Dlv. mtge. of 1898 limited to $9,700,000
(2%) on guar stock, £197,810; on 1st pref. (2M % ). £85,420: on 2d pref. areEastern
red. at 105 after April 1 1928. V. 66, p. 471; V. 88, p. 1002, 1253,
( 2 K%) , £63.210; adding £11,839 on hand June 30 1910, leaves balance
Tho
Wiilmar
<& Sioux Falls bonds are guaranteed. V, 56, p. 247
to carry forward June 30 1910 £12,552. V. 91, p. 518.
GENERAL FINANCES.— Total funded debt per mile of main track
REPORT.— Statement for 1909 was In V. 90, p. 1165. Half-yearly (4,924 in.) In the hands of tho public June 30 1910, $22,214. V. 85, p. 1277.
meeting Oct. 1910. V. 91. p. 1442.
Train-load, 1909-10, 518 tons, against 502 In 1908-09,
In Oct. 1906 a contract was signed for a lease of the ore lands to the U. S.
Years ending Dec. 31— 1909.
1908.
1907.
1906.
Gross earnings............... £6,499,371 £6,180,945 £7,144.506 £6,606,528 Steel Corp., to continue until the ore Is exhausted, unless the lease Is termi
Transportation expenses 4,832,340
4,476,775
5.197,478
4,746,318 nated on Jan. 1 1915 under the option reserved to the Steel Corp., on a roy
alty basis of $1 65 per ton standard ore with 3.4 cts. per ton Increase each yr.;
Net earnings.............. £1,667.031 £1,704,170 £1,947.028 £1.860,210 minimum tonnage to be mined, 750,000 tons during 1907, with 750,000 In
crease each year until 8,250,000 Is reached. The Iron ore properties were
Total net Incom e___ £2,000.809 £1.999.984 £2,220,187 £2,100.993
RAILWAY STOCKS AND BONDS
Reindeer
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P*
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MAP OF THE
RAILWAY.
COMPLETED and PROJECTED.
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irtharnptonj
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Napoleon I
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Bedford
Fall,
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Lentoi
Lock H«
■Clearfield^
VllontVcello
Highland-1
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Sunbury'
rn don A rR otts v IU*
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Lewi stow
Canal
BG^g^r, V y '^ p ^ T a ^ n ioo
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illiamsburg
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RAILWAY STOCKS AND BONDS
E K a * * M »«w ». " 7
s s - s s j ^ * ^
Baptiste
RAILWAY STOCKS AND BONDS.
|V o l . l x x i x i i
j a n .,
1911.1
RAILWAY STOCKS AND BONDS,
RAILROAD COM PANIES
[I*or abbreviations, &c., see notes on first page]
Qulf & Ship Island—S tock --------------------------------------
Miles Date
Road Bonds
First refund and term M gold sink fu n d -.N .c’ x&r*
307
30 7
Mortgage gold part due yearly red at 101------Aloe*
__
Qulf Terminal. Mobile— 1st M $700,000 ggu(text)c* &r
75
Qulf Texas & West— 1st M $10,000,000 g red 105.Mp
...
Halifax & Eastern— First mortgage red.............
Hancock & Calumet— See Mineral Range RR
Hannibal & St Joseph—See Chicago Burlington & Qul ncy
Harriman & Northeastern— First mortgage gold-_.Ce
20
53
Harrisburg Portsmouth Mt Joy & Lane—Stock 7% gu
First M (extended In 1883) gu p & l Pa R R ----QP.r
53
124
Hartford & Connecticut Western— Stock--------124
First mortgage extended In gold In 1003_____
Hawkinsv & PI So— 1st M $400,000 gold guar p & 1
44
Henderson Bridge C o—See Louisville ft Nashville RR
Hibernia Mine R R —Stock----------------------------------4 4*
Hocking Valley-Ry— Stock common to be $26,000.00(
Columbus & docking Valley first mtge gold_____c'
76
118
Col ft Tol 1st M gold ext 1005 (V 8 1 p 2 1 1 ).._S.c'
346
First consolidated mortgage $20,000,000 gold__ C<
Car trusts gold $80,000 s-a (V 75 p 741)__________ S
do
Ser B due $48,000 s -a ___________
do
Ser G due $37,000 s -a ----------------do
do
Ser D due $20,000 s-a (V 85 p 600)
do
do
Ser E due $25,000 s - a __________
do
do
do
Ser I 9 f 1908 due $25,000 s-a.S.xc*
do
Bonds of coal companies guaranteed. See Sunday
H o n d u r a s N a t — 1st M $10,000,000 auth red 105 aft ’ 15
H o o s a c Tunnel & Wilmingt— IstM $250,000 authg.OB
H o u s B e l t & T e r — 1st M $5,000,000 g red 105 text C e c *
H o u s E & W Texas— 1st M gu p & 1 by So P ac-.U n.c
First mtge $3,000,000 gold not guaranteed________
Hous & Tex C RR— 1st M 1 gr gred 110 lnt gu.Ce.c’ &r
Cons M land grant gold red at 110 lnt gu a r.-F .c*&r
General mortgage gold Interest guar en d -.M p .c*&r
Waco & N W Dlv 1st M g $25,000 p m ___ Ce.c’ &r
Austin & N VV (merged) 1st M g gu p & L .M p .c ’ &r
Ft Worth & New Orleans 1st M (Wax to Ft Worth)
C Tex & N W 1st \f i»'iar So P a r fGar to W ax)___ p
Mortgage on cut-olT S3.non.non authorized..............
Par
Value
Rate
%
When
Payable
Last Dividend Places Where Interest anil
and Maturity
Dividends are Payable
$100 $6,750,000 See text
1902 1,000 &c 4,984,000
5g
1908
500.000
6g
1907
1,000
600.000
4g
1909
1.000
1,007,000
5g
1905
£100
(?)
5g
J—J Jan 10 ’ l l , 1% Buffalo N Y
J & J Feb 1 1952
Metropolitan Tr
A ft ()
do
J ft J Jan 1 1957
do
M ft N Nov 1 1939
Metropolitan Tr
J ft D 30 1955
1895
___
1853
,J &
J &
J &
F &A
J &
A &
__
1883
1902
100 &c
50
500 &c
100
1,000
1,000
___
300,000
0g
1,182,550 744 In ’ 10
700,000
4
2,965,500
2
700,000
444
325.000
5g
J
J
J
31
J
O
Jan 1 1916
Jan 10 ’ l l , 344
July l 1013
Aug 31 1910 1%
July 1 1023
1952
' 100
200.000
3
A & O Oct 10 1910 3%
100 11,000,000 4 In 191, J & J Jan 16 1911 2%
1867
500 &c
1,401,000
A & o
4g
1875
1,000
2,441,000
F «Sc A Aug 1 1955
4g
1899 1.000 &c 15,058,000
4 44 g J & J July l 1999
1902
1,000
240.000
444 g M & N May’ 11-May ’ 12
1907
1,000
276,000
4
F * A Aug ’ 11-Feb ’ 17
. - - 1907
1,000
576,000
4
F ft A 15 To Feb 15 1017
__ 1907
1,000
481,000
4
A ft O To April 1 1917
—
1907
1,000
60,000
4
J ft J July’ l 1-July ’ 12
__ 1907
1,000
325,000
4
F ft A Aug ’ 11-Aug ’ 17
. - - 1908
1,000
350,000
F ft A 15
4g
Creek Co und er “ Indu strlals”
1910
See text
6
.1 ft J Feb 1 1940
25 1892
240,000
1,000
M ft S Sept 1 1922
5g
_ 1907
1,000
2,203,000
5 g J ft J July 1 1037
1,000
191 1893
2,512,000
41 ft N May 1 1933
5g
191 1893
1,000
488,000
M ft N May 1 1933
5g
453 1800
1,000
1.8 73,00 0
5 g J ft J July 1 1937
453 1890
1,000
230,000
A ft () Oct 1 1912
0g
A ft O Apr 1 1021
453 1890
1,000 4,275,000
4g
58 1900
1.000
1,105,000
M ft N May 1 1930
6g
1,000
103 1891
1,920,000
5 g J ft J July 1 1941
41 1895
6
1,000
709,000
J ft IJ Dec 1 1025
1•> 1881
a
1,000
180,000
A ft O Oct 1 1911
94 1910
6
None Dc’ l ('
-J 1940
transferred to Louis W. lllll, James N. Hill and Walter J. Hill as trustees,
the 1,500,000 shares of beneficial Interest In the trust equal to the number ol
shares of stock held being Issued Dec. 1006 to Great Northern stockholders
The profits from the Iron properties, after llrst deducting the 80c. per ton
ayable to the Gt. Northern Ry. for carrying the ore to the docks on Lake
uperlor.wlll be distributed along with any profits from other ore leases
at least cnee a year to the holders of the trust certificates. See V. 83
p. 818, 060. 1228. 1201): V. 84, p. 635. 603. 740, 006: V. 8 6 . p. 855. First
dlv. Oil ore celts SI ner
nald ‘Vnt |C 1 V17 Ms,-eh IP 10O* J l;
Sept. 15 1900, $1; Mch. 15, Sept, and Dec. 1010, 50 cents each. V. 87,
p. 740, 036; V. 00, p. 562; V. 91, p. 1330.
EARNINGS.— 5 mos., (1910___ Gross, $30,165,351; net. $13,729,058
July 1 to Nov. 30.
\1909___ Gross, 31,078,621; net, 15,246,182
REPORT.— For 1909-10 In V. 91. p. 1091, 1099: editorial, p. 1068.
1909-10.
1908-00.
1907-08.
Average miles operated-------------------7,020
6,808
6,504
Passenger earnings........ .............
$14,311,800 510,977,948 311,189,553
Freight ..........
46,675,734
39,464,811 40,311,420
Mall, express. &c___ _____ ________
3,214 934
3,017,703
2,711,100
Other than transportation....................
262,002
226,982
217,560
§
Gross operating revenues__________ $64,465,370 $53,687,444 $54,420,633
Net operating revenue______
.521,856,081 $18,812,783 $16,328,962
Gross corporate Incom e...................... $23,113,800 $22,566,583 $20,164,477
Rentals paid_______________________
$255,228
$230,890 $1,347,436
Hire of equipment balance_________
125,387
________
______
Bond Interest accrued........................ 4,823,184
4,726,536 3,670,865
Guaranty Koot. Ry. ft Nav. deben
ture stock Interest. _____________
118,177
121,723
155,862
lnt. accrd. on subs, for add. sto ck ..
.............
— ------2,038,427
Dividends on stock, 7 % . . ..............
14.698,663
14,697,473 10,483,055
Balance to lmprov’ ts & renewals.. $3,093,161
$2,789,961 $2,468,832
OFFICERS.—Chairman. James J Hill, St Paul' Pre«.. Louis VV. HIM
St. Paul: V.-P., R. 1. Farrington, Richard A. Jackson; V.-P. & Trcas., E. T.
Nichols, X. Y.; Asst. Treas. & Sec., E. Sawyer, St. Paul: Asst. Sec. and
Asst. Treas., N. Terhune. New York office, 32 Nassau St.
Directors—J. J. Hill. Frederick Weyerhaeuser. K. Sawyer. R. I. Far
rington, R. A. Jackson, Samuel Thorne. Louis W. Hill, Wm. B. Dean, K. T.
Nichols.— (V. 91. p. 154, 518, 1025, 1091, 1099. 1160, 1446.)
GREEN BAY & WESTERN R R .—Road owned from Green Bay, Wls.,
to Marshland. Wls., 209 miles: branches. 13 m.: trackage to Winona. 4 in.
HISTORY.— A reorganization June 5 1806 (per plan In V. 61. p. 471).
SECURITIES.—Theie are no fixed charges on the property other than
taxes, nor can any be placed thereon, or the property be sold or leased
without consent of 75% »i stock. Class A debentures are entitled to 2 44 %
interest, If earned, then common stock to 2 44 % . then the two share ratablebut after 5% on both, class B Is entitled to all surplus earns. V. 61, p. 471.
DIVIDENDS—
'08.
’ 09.’00.’01. ’02.’ 03.'01. '05-’ 07.'08.'09.
Class " A ” deben.% 2 442 44 2 VS 3 4
4 4 5 y ’ly
5 5 5
S to c k .................. % . . . 1 44 2 44 3 4
4
4 5 y’ ly.
5 5 5
Class ” B’’ d e b e n .% ...........................
44 % 4
EARNINGS.— 5 mos.,(1010___________ Gross, $286,886; net, $98,026
July 1 to Nov. 30.
( 1909___________ Gross. 260,707; net, 09,439
REPORT for year ending Dec. 31 1009 In V. 9 0 , p. 842.
Cal.
Cross
Net after Div. on
Dividend
Dio. on
Balance,
Year.
Earnings. Taxes. D e b ."A ” s. on Stock.. Deb. "IP's. Surplus.
1909 ...$588,919 $172,910 (5)530,000 (5)$125,000 (44)$17,500
$410
1908 . . . 602,106 182,037 (5) 30,000 (5) 125,000 (% ) 26,250
787
DIRECTORS.— S. S. Palmer, Pres.; Charles W. Cox, Sec. and Treas.,
40 Wall St.; C. Ledyard Blair, J. A. Jordan, W. J.Wilson.— (V. 90, p. 842.)
QREENE RR.— Owns road from Chenango Forks to Greene, N. Y., 8
miles. Leased to Delaware Lack. & Western for term of charter for 6 % on
stock. Stock. $200,000: par, $100. D. L. ft W. owns $200,000 7% bonds.
GREENWICH & JOMNSONVILLE RR.— See page 170
GUAYAQUIL & QUITO RY.— See page 66 .— GULP & INTER-STATE
RY.— See p. 170.
GULF LINE RY.— Owns Ashburn. Ga., to Brldgeboro, 32 miles; track
age, Ashburn to Worth, 6 miles: leases (to April 1 1953, with option to
purchase) Hawklnsvllle & Florida Southern, Hawklnsvtlle to Worth, 44
miles; total, 79 m. Extension proposed from Brldgeboro to Camilla, 40 m,
Sold to Eastern capitalists early In 1910. V. 90, p. 502. Stock auth.,
$400,000. Bonds auth., $325,000 30-yr. gold 5s, Atlanta (Ga.) Trust Co.,
trustee, all In treasury Sept. 1909. For year ending June 30 1909. gross,
$136,336. against $114,520 In 1907-08; net, $34,491, against $1,056; int.,
taxes, &c., $28,7-11; baL, def., $5,750. Pres., W. J. Edwards; Sec. and
Treas., Geo. L. Twigg, Sylvester, Ga.— (V. 86 , p. 420; V. 89, p. 847, 502.)
QULF & SHIP ISLAND RR.— Company owns from Gulfport, on
Mississippi Sound. (Iu 11 of Mexico lo JacKson, Miss., loo.a in.: Columbm
dlv., Maxle to Mendenhall, 104.75 m. Branch from Saratoga to Laurel,
41.75 miles; total, 307 miles. Important harbor Improvements have been
constructed at Gulfport, Including an extensive system of docks, piers, &c :
also a channel 7 miles long extending to deep water.
STOCK.— Capital stock, $6,750,000 (par of shares, $100).
DIVIDENDS.— April 1903 to July 1910, 4% yearly; 1911, Jan., 1 %.
BONDS.— Of the Hist 5s ($5,000,000 authorized,, $1,984,000 are out
standing, remaining $16,000 being reserved to retire a like amount of old
bonds still outstanding. A yearly sinking fund of 1% of bonds outstand
ing. which became operative Jan. 2 1005, may purchase bonds at not
exceeding 110 , but the latter cannot be drawn; bonds so purchased to be
kept alive In thosinking fund as an Investment. On June 30 1910 $343,000
bonds were in the sinking fund. See V. 74, p. 426, and application to list
V. 74, p. 1257; V. 81. p. 264. The mtge. gold 6s of 1908 ($1,000,000 orlgl
nal Issue), of which $500,000 matured April 1 1909 and 1910 and remaining
Amount
Outstanding
Co, N Y
do
do
Co, N Y
Central Trust Co N Y
Company’s Office Phlla
do
do
Hartford
do
Union S B & Tr Co Cln
See Central of New Jersey
J P Morgan & Co N Y
do
do
do
do
do
do
do
do
U. S. M. ft Tr. Co., N. Y.
Lincoln Trust Co., N. Y.
Merch.L.ft Tr.Co., Chlo
First Tr.& S. Bk.. Chlo.
Empire Trust Co., N. Y.
Central Trust Co. N Y
120 Broadway New York
do
do
120 Broadway New York
do
do
do
do
do
do
do
do
do
do
120 Broadway New York
......." '
f
$500,000 falls due In 1911, Issued partly to defray the cost of 60 miles o
road, are secured on entire property, subject to llrst ref. 5s. V. 86, p. 547*
1100. Car trusts June 30 1910, $140,000.
EARNINGS.— 4 m os.,11910.................. Gross, $655,570; net, $238,469
July 1 to Oct. 31.
\ 1909__________ Gross, 698,602; net, 216,086
REPO RT.— Report for year ending June 30 1910 In V. 91, p. 1245.
Year—
Cross.
Net.
Other Inc. Charges.
Isalance.
1909-10 --------- $2,094,076 $648,190
$14,170
$371,021
$291,339
7,702
407.805
sur.4,658
1908-00 ........... 1,873,196 404,761
Dividends (4%) paid during 1909-10. $262,500, agst. $242,500 In 1908-09.
Pres., J. T. Jones, Bullalo, N. Y .— (V. 91, p. 655, 1095, 1245.)
G U L P T E R M I N A L C O . , M O B I L E . — Owns union passenger station and
approaches at Mobile. Ala., leased by the Southern Ry. and Mobile ft Ohio
RU,, which own the stock and guarantee the bonds Jointly and severally,
p. ft 1., by end. Franklin Trust Co., N. Y .. is mtge. trustee. V. 84. p. 50
n
T E X A S & W E S T E R N R Y . — Projected from Burr’s Ferry to
Benjamin, lex , 475 miles, of which Jacksboro to Olney, 40 miles, had
been completed In Oct. 1909 and 35 miles to Seymour on Jan. 15 1910.
Stock authorized, $500,000; outstanding July 1910, $50 000- nar of
shares, $100. Of the llrst 5s ($10,000,000 authorized Issue), $1,007,000
have been Issued on the first 50 miles completed from Jacksboro to Megargel
V. 89, p. 993, 1223; V. 90, p. 109. Equipment trusts, $27,200 5s due
semi-annually from about Aug. 1909. Pres., J. J. Jermyn, Scranton Pa •
VIce-Pres. and Chairman of Board, Roy C. Megargel, 5 Nassau St N Y -;
Vice-Prcs. and Gen. Mgr., Ben B. Cain, Dallas, Tex.; Sec. and Treas"
W. Frank Knox, Dallas, Tex.— (V. 89, p. 993, 1223.)
H A R R I M A N & N O R T H E A S T E R N R R . -Harrim an to Petros, Tenn., 2 0
miles
In Jan. 1003 entire stock acquired In the Interest or the Cincinnati
New Orleans & Tex. Pac. Ry., but Is operated separately
V 76 p 157
DIVIDENDS.— In 1907, 4% ; 1908, 2 44%; 1909 (June) 2%
Stock
J.ljae 30 1909, *rross- «t>8,761; net, $41,270; charges,
$29,315; dlv. (2% ), $12,000; bal., def., $45.— (V. 76, p 212 )
H A R T F O R D & C O N N E C T I C U T W E S T E R N R Y .-lla r tfo rd , Conn., to
RhlneclllT, N. Y ., 110 miles, and branch, 14 miles. Leased till Aug. 1940
to Central New England Ry. (now controlled by New York New Haven ft
Hartford H R.), the rental paying charges and 2% per annum on the stock,
of which $1,640,000 owned by lessee.— (V. 83, p. 213, 1290.)
H A W K I N S V I L L E & F L O R I D A S O U T H E R N R Y . — Worth to Hawklnsyll e Ga.. 44 miles.
Leased May 1 1907 to Gulf Line Ry. until April 1
1952. with option of purchase.
V. 84, p. 1247.
Stock, $100,000,
acquired In April 1904 by Georgia Southern & Florida, which guarantees
bonds (see table above). principal and Interest. Year ending June 30 1907,
gross, $55,174; net. $8,247; total deduc., $13,512; bal.. def., $5,295.
Pres., J. B. Munson; Treas., W. P. Hopper, Macon, Ga.— (V. 84, p. 1247.
H I B E R N I A M I N E R R . — Owns Rockaway to Hibernia Mines, N. J.,
nl-, leased to Cent, of N. J. 1890, extended 20 years to Oct. 1 1930 at
$6,000 yearly.— (V. 91, p. 1766.)
H O C K IN G
V A L L E Y R Y . —The company’s main line extends from
’ lo. to Columbus,
Rockwell
120 miles; Columbus to Athens, 76 m.; Logan to
Pomeroy .83 nr,.; total main line, 279 miles, with trackage (Penn. RR.
system) Toledo to Walbrldge, 5.5 m.; (L. S. & M. S. Ry.) Toledo to Rock
well, 2.5 m.; (P. C. C. & St L. Ry.) Columbus, O. 5 m.; total main line and
trackage, 287.5 miles. Branches, 45 m.; leases W & J. B. R y., Dundas to
Jackson, 17.5 m.; total, 350 miles; second track, 50 miles.
HISTORY, &c.— Successor Feb. 25 1899 per plan V. 68, p. 231, of
Columbus Hocking Valley ft Toledo Ry. foreclosed. The coal lands aggre
gate about 20,975 acres, and are covered by the consolidated mortgage.
a ®7!(^9,IVrrr,7'hc 515 ,000,000 pref. stock was called for payment at par on
April 30 1910 and after dissolution of a temporary Injunction was retired,
about $10,000,000 thereof being provided by the sale of the holdings In
1oledo & Ohio Central and Zanesville <Sc Western stock (see below) antfr tho
remainder borrowed. The stockholders were to vote May 11 1910 on
Increasing the authorized common stock from $11,000,000 to $26 000 000
but action has been restrained pendlng trial of the suit of three minority
stockholders. V. 90, p. 976, 1239, 1296, 1363, 1614; V. 01 n 154
SALE OF STOCK, &c.— The Chesapeake & Ohio owns £7 501 800 of tho
$11,000,000 outstanding stock (including $6,347,800 acoubed In March
1910. The Lake Shore & Mich. Sou. and Chcs. & Ohio acoulred the Kana
wha & Michigan stock formerly held In the Interest of the Hocking Valley.
and the Lake Shore purchased nearly all the stock of the Toledo & Ohio
Central (the last-named having been held by the Kanawha & Michigan) and
all the stock and bonds of the Zanesville & Western
V oo p 771 840 977
DIVIDENDS.— On common. July 1901 to Jan. 1907 IncI ’ 3% ner annumJuly 1907, 2% ; 1908 to 1910, 4% (J. & J .); 1911 Jan
% per annum.
liOiNDS. -The consols U2o.uou,Ouo authorized; besides a lien on the
° $3i842*000 PHor bonds, have a ftrst Hen on
all the coal lands. 53,842,000 consols are reserved to retire theexlstlm? bonds
(the litter may be extended at maturity). V 72 n 338 - V 74 n
Ohio r and8 * Rv Co* ’ and*t h
1
811 of the bonds and stock of tffo
dcnosltcd umlcr sa 1d mtve V fil ! S « « AeJacllS0“ Belt R y -- 18 mlles- nro
Coa?S& ^oke^Cofbonds^^f.^74? ^ > . ^ V ^ 7^0 ” 23^ 3^ V^l^*})*5()7>C78D
also Continental Coal Co. bonds. V. 75, p. 497 987-'v 88 o 1127 In' Hum
" Industrla?s’ '*)* WM^aoyidCrf 0k^°hehlh|
,nhrOPe,ratef1a‘n tKe c° ai Properties "see
Lltlgatlom V 'oY p 1253*° b<! hC <1 n trust and re-conveyed to company
EtJuly
u ? ^ Iirttoo i)
'^ ‘ 43imOS'
,|l0f)9------?-r0SS’ S2-945-070;
Oct.
31.
I 1909-------..Gross,
2,774,562; net.
net,$1,261,821
1, 17-1,928
ANNUAL REPORT. Traffic Is mostly freight, and over 68% of this Is
bituminous coal. Average train-load Is large—in 1910 649 tons * 1 *
Report for year ending June 30 1910 In V. o i , p! 863, 884.
'
Year ending June 30—
1909-10
1908-09.
1907-08.
Operating revenue............................... $7,569,330 $5,878,414 $5,841,763
Net (after taxes)................................... 2,627,580
1.716,502
1,033,887
Other Income........................................
1,090,989
1.008.995
1.019.026
Gross corporate income...................$3,718,569
$2,725,587 $2,553,813
RAILWAY STOCKS AND BONDS.
J a n ., 1911.]
RAILROAD COMPANIES
[For abbreviations, &c., see notes on first page]
Miles Date
Road Bonds
Hudson Companies— Stock and notes, see text.
Hudson & Manhat— 1st M $100,000,000 conv_S.xc*&r
New York fa Jersey first mortgage red 110..G c*
Car trusts $46,000, due semi-ann _____________ Q
Car trusts ser B g due $25,000 s-a (V 91, p 1253) Q.o*
Huntingdon & Broad Top—Common stock_______
Preferred stock 7% non-cumulatlve_________
First M extended In 1890 (Interest only In gold)” OP
Second M old 7s extended In 1895 p & 1 gold
QP
Third M consol extended In gold In 1895____QP.c*
14th Ser car trust last installment___
p ep
Car trusts gold due $33,000 yearly (V. 84, p 1424)
Idaho & Wash Nor— First M g red t e x t ________ ic
113
q c«
Five-year convert notes red text____ .
Idaho Southern— 1st lien notes part due yrly red 102Vi
Illinois Central—Stock $123,552,000.......................
Leased line 4% stock guaranteed (see remarks)
First mtge ofl Sterling bonds old 6s extend In 18951
1 8 7 4 f o r Sterling bonds extended In 1905
$15,000,000}4s of 1886 due 1951 g o ld .. c*&r
706
secures a l l 3H s of 1886 due 1951 gold. c*&r
equally - Us 3s of 1895 due 1951 gold___ c*&r
(V 83, p 76) 3 Vis of 1903 due 1951 g o ld .. c*&r,
Trust bonds sterling (sec by Ch St L fa N O cons) Us
First M Sp Dlv ref M (V 66, p 1237) g____Us.xc*&r
111
Kank & S W 1st M Otto to Normal June fa br.
r
131
Cairo Bridge bonds gold (see remarks)___ Us.cV&r
St Louis Dlv & Term M $10,000,000 gold.Us.xc*&r
239
do
$5,000,000 (See V 65. p 1173) g.Us,xc*&r
Underlying St L) Bellevue fa Carondelet 1st M__c*
17
Dlv & Termln-fSt Louis Southern 1st M g__Me.c*
30
al Mortgage ..JCarb & Shaw 1st M g o ld .. __c*
17
Purchased lines 1st M $20,000,000 gold..U s.xc*& r
748
Refunding mortgage goid red (tex t)_____Qxc*<fcr* 2,015
Collateral trust bonds gold $___________ Us.c*&r
857
Coll trust $25,000,000 gold on L N O & T..Us,c*<S:r
798
Western lines first mortgage gold_________ Us.c*&r
218
Ch St L & N O cons M ($18,000,000) g Int gu ..c*& r
567
do
guaranteed principal and Interest________
567
Memphis Dlv 1st M gold guar p & I (en d)..U s.c*
100
a Includes $5,266,000 consol 5s pledged to se cure I
Par
Value
Amount
Outstanding
1907 $, £ or fr. $62,155,000
1902
1,000
5.000,000
1909
1,000
782.000
1910
1,000
500,000
50
1,371,750
50 2.000,000
1854
500
416,000
1857
500
367,500
1865
1,000
1,497,000
1899
1,000
30,000
1907
1,000
368,000
1907
1,000 3,390,000
1910
1,000
1,200,000
1909
1,000
500,000
100 109,296,000
100 10,000,000
1875
£200
2,500,000
1875
£200
1,000,000
1886
1,000
1,500,000
1886
1,000
2,499,000
1895
£200
£500,000
1903 1.000 &c 3,000.000
1886
£200
5,266.000
1897
1,000 2,000,000
1881
1,000
968,000
1892
1,000
3.000.000
(1897
500 &c 8,377,000
\1897
1,000
4,998,275
1883
1,000
470,000
1886
1,000
538.000
1887
1,000
241,000
1904 1.000 &c 14,662,000
1908 1 .0 0 0 f e e 22,740.000
1888
500 &c 15,000.000
1892
500 <Scc 25,000,000
1894
1,000
5,425.000
1881
1,000 al6,635,000
1897
1,000
1,359,000
1889
1,000
3.500.000
Hlnol8 Central o ollateral tru
Rate
%
When
Payable
Last Dividend Places Where Interest and
and Maturity
Dividends are Payable
4K g F & A Feb 1 1957
Standard Trust Co, N Y
F fa A Feb 1 1932
5g
Guaranty Trust Co, N Y
5
M & S Mcb Tl-M ch ’19
do
do
A
fe
5g
O Apr ’ ll-O ct ’20
do
do
See text J fa J
Phlla off. No Amer Bldg
See text J f e J
do
do
A & O
4g
do
do
4 g F fa A Feb 1 1925
do
do
A fa O Mch 31 192J
5g
do
do
4
J fa D Deo 1 1911
Penn Co for Ins &c,Phlla
4Vi g A fe, O
Phlla Tr S D & Ins Co
M fa N
5g
111 Tr & Sav Bk, Chicago.
6
J fe D Dec 1 1915
6
M fa N May 1 ’ 12-’ 14 Commonw’h Tr Co, Pitts
7 In 1910 M & S
115 B’way, N Y , fa Lond
4
J fa J
do
do
A
fa
o Apr 11951
4g
London, England
3Vi g J & D Deo 1 1950
do
do
4 g J fa J
115 Broadway, New York
3Vi g J & J
do
do
3g
M & S
London
3 Vi g A fa o
New York and London
3Vi g J fa J
Baring Brothers, London.
3Vi g J A- J
115 Broadway,New York
5
F & A
do
do
4 g J fa D
do
do
SVi g J fa J
do
do
3 g J fa J
do
do
6 g ,T fa D
do
do
M fa S
4g
do
do
M fa S
4g
do
do
3Vi g J fa 0
do
do
4g
M fa N
do
do
A
4g
fa
O
do
do
M fe N
4g
do
do
F
fe
4g
A
do
do
5 g J & D 15
do
do
3Vi g J & D 15
do
do
4 g J fa D Deo 1 1951
do
do
st bonds of 1886.
Year ending June 30—
1909-10.
1908-09.
1007-08.
3 Vi m.; opened Feb.26 1908; also double-tube tunnel from Hoboken south*
Fixed charges, &c...................
$1,178,804
$1,209,597
$1,189,131 wardly through the Erie and Pennsylvania RR. stations In Jersey City and
Dividends on preferred.............
533,028
600,000 600,000 thence under the Hudson River to the Hudson Terminal Buildings on Church
440,000
440,000 440,000 St. (one block west of Broadway), extending from Cortlandt to Fulton St.,
Dividends on common, 4 % ...............
Improvements.......................................
101,754
79,655 101,754
______
0Pcnedon July 19 1909, making total double-track tunnel In operation 7 Vim.
In
Balance, su rp lu s.............................. $1,464,983
$396,334 $222,928 The line between 23d and 33d sts. was opened on Nov. 10 1910.
OFFICERS.— Pres., Geo. W . Stevens: Sec. and Treas., Jas. Stcuart May 1009 permission was granted for further extension to 42d St. and Grand
Central Station. A branch will also be built from 6th Ave. under 9th St. to a.
MacKle: Asst. Sec. and Treas., W . N. Cott, Columbus.
DIRECTORS.— Frank Trumbull (Chairman), Edwin Hawley, F. A. connection with the Subway at 4th Ave. V. 87, p. 37, 614. 1011- V 88 o
Vanderlip and Thos. H. Hubbard, New York: Geo. W . Stevens, Richmond, 295, 451, 686,_ 944, 1197, 1437, 1620; V. 80, p. 224; V. 00, p. 1041, 1206.
Va.: J. B. Zerble and James H. Hoyt, Cleveland: P. W. Huntington, S. P.
An extension of about Vi mile from the Pcnn.RR. station In Jersey City to
Bush, R. S. Warner and F. B. Sheldon, Columbus, O.; S. C. Reynolds,
Henderson St., Jersey City, was opened for traffic Sept. 6 1910. This line
Toledo, O.; Decatur Axtcll, Richmond, Va.— (V. 91, p. 863, 884, 1253.)
Is being further extended to Summit Ave., Jersey City, where a connection
HOOSAC TUNNEL & WILMINGTON RR.— See page 170.
with the present main line of the P. RR. win be made and a through service
will be given over this line from Hudson Terminal Bldgs, to Newark, N. J.
H O U S T O N B E L T L I N E & T E R M I N A L R Y . — Owns a terminal line
In and around Houston, Tex., 20 miles, with large freight and passenger ter probably In the summer of 1911, under a traffic agreement.. V 90, p. 635
minals. Controlled by fourjproprletary roads, viz.. Col. Southern New Or 1041: V. 91, p. 276. The Hudson Terminal Bldgs., the largest office build
leans fa Pacific (St. Louis fa San Fran ) , Trinity fa Brazos Valley (Col South ings In the world, were opened May 1 1908. Trains, electric and all steel,
ern), S t . Louis Brownsville & Mexico and Gulf Colorado fa Santa Fe (Atchi
STOCK.— Common, $40,000,000; outstanding Oct. 31 1910, Incl. scripson system), which each owns one-fourth of the stock and under a 99-year $39,994,890; 5% non-cum. pref., with preference also as to assets, and con
lease from July 1 1907 agree to pay under a pro rata wheelage basis operat vertible after July 1 1911 Into common stock at 110, authorized Issue $10,
ing expenses. Interest on bonds and annual sinking fund of 1% of bonds 000,000; outstanding, $5,242,151. Par, $100. See "Hudson Cos." above
Issued. V. 86, p. 285: V. 89, p. 1668. Incorporated Aug. 31 1905 with
BONDS.— Of the 1st 4 }$s, $62,155,000, In connection with $40,000,00*
$25,000 (nominal) stock. The 5s of 1907 ($5,000,000 auth. Issue) are sub
and $5,250,000 pref. stock, have been Issued on account of tun
ject to call as a whole at 105 after July 1 1917 or for a yearly sinking fund common
nels,
stations, power houses and extensions, and the two buildings at the
of 1% of the amount outstanding. In 1909 Texas RR. Comm auth. Issue Hudson
Terminal In New York. Of the remainder, $5,500,000 will be used
of $2,246,000 bonds, of which $43,000 retired by sinking fund to June 1910
to retire the $5,000,000 N. Y. fa Jersey 5% bonds redeemable at 110, leav
— (V. 88, p. 883, 1253, 1313: V. 89, p. 1668.)
‘ ing
for future use $32,345,000 bonds and $7,500,000 pref. stock.
H O U S T O N & B R A Z O S V A L L E Y R R — See page 170.
The bonds will be convertible on any Interest day after Feb. 1 1912 at
par Into common stock at $110 per share, with provisions to protect the
H O U S T O N E A S T & W E S T T E X A S R Y . — (See Map of Southern Pacific.
Owns from Houston, Texas, to Sabine River at Logansport, 191 miles. bondholders when common stock. In addition to tne $40,000,000 at present
Stook $1,920,000, of which $1,919,200 owned by So. Pac. Co., which has authorized and the further amount necessary to convert the bonds. Is Issued.
guaranteed $2,512,000 of the bonds, prln. and lnt., by endorsement, re In Feb. 1909 $920,000 5% car trusts were sold and In Oct. 1910 $500,000.
V. 88, p. 505, 624; V. 91, p. 1254.
serving the right to redeem them at 105 and Int. on 6 mos.’ notice.
• EARNINGS.— For 3 mos. ending Sept. 30 1910. gross, $1,856,794.
Dlv., 16% paid In 1902-03, 30% In 1907-08 and 10% in 1909-10, out of
REPORT.— Report with balanco sheet of March 31 1910 In V. 90,
accumulated surplus. Guaranty, V. 70, p. 841; V. 71, p. 236.
Year 1909-10, gross, $1,279,312; net, Incl. other Inc., $460,385; charges. p. 1041. For year ending Juno 30 1910, gross (all sources), $3,533,683;
net after taxes, $1,938,679; charges, $1,919,389 (not Inol. $1,072,042, part
$253,277; bal., sur., $207,108.— (V. 78, p. 2384.)
of Interest charged to construction); bal., sur., $19,290.
H O U S T O N & T E X A S C E N T R A L R A I LROAD.— {See Map of Southern
OFFICERS.— Pres., W. G. MoAdoo; V.-P., Wilbur C. Fisk; Treas., J. S.
Pacific.)—Owns from Houston, Texas, to Denison, Texas, 338 miles- Hemp O’ Nealc: Asst. Treas., F. W. Walz; Sec., Wm. Everdell Jr.; Asst. See., Wm.
stead, Texas, to Llano, Texas, via Austin, 215 miles; Bremond to Ross
J. Martin and Kenyon B . Conger; Compt., H. S. Corwin; Auditor, F. H.
Texas, 55 m.; Garrett to Ft. Worth. 53 m.; Mexla to Nelleva, 94 m •other
Sillick. Directors, Oct. 1010, V. 91, p. 1095. N. Y. offioc, 30 Churoh St.
34 m.; total, 789 m. Successor 1893 to railway foreclosed. V. 45, p.792, 820’. —
(V. 91, p. 1025, 1095, 1160, 1253, 1574, 1629.)
STOCK.— Stock, $10,000,000, of which the Southern Pacific Co owned
HUNTINGDON & BROAD TOP MT. RR. & COAL CO.— Owns from
$9,998,300, par $100. V. 76, p. 1084, 1192, 1407. In 1002-03 a dividend Huntingdon,
Pa., to Mount Dallas, Pa., 45 miles; branches, &c., 25 miles.
of 6% was paid out of accumulated surplus. V . 76, p. 1407.
DIVID’S.— ’98. '99. ’00. ’01. ’ 02. ’ 03. ’04. ’05. ’ 06.
’0 8 .’09. ’ 10,.
BONDS.— The bonds are being gradually reduced with proceeds of land On common___ 0 0 0 0 0 5 1 0 0 0 0 0
0
sales. The first mortgage was for $8,634,000. The first mtge. bonds and On preferred . . . 5 SV6 7
5
6
7
6 $V4 7 Vi 7 3 Vi 0
0
the consolidated mtge. bonds may be called for redemption at 110 with pro
ANNUAL REPORT.— Report for 1909 was In V . 90, p. O il.
ceeds of land sales. See abstracts of all the mortgages In V 52 o 242
Gross.
Net.
Interest.
Dividends.
Balance.
Of the $5,068,000 consolidated 6s authorized $1,149,000 (not Inc’ludedln 1909...........$659,335
$157,209
$106,190
sur.$51,019>
the amount outstanding above) are held as part security for the general 4s
1908........... 632,933
148,522
106,190
$70,666
dot. 27,668
There were also June 30 1910 $450,000 Lampasas extension Interim 5s
Pres, and Gen. Man., Carl M. Gage.— (V. 90, p. 372, 447, 911.)
owned by Southern Pac. Co. or In sinking funds of proprietary companies
IBERIA & VERMILION R R — Salt Mine Juno, to Abbeville, La., 16
In May 1910 permission was given to Issue $2,383,000 1st M. 30-ycar miles.
$300,006, of which $299,500 owned by Morgan’s Louisiana
6% bonds on the cut-off from Mexla to Nelleva. 94 miles, and also $484,393 & TexasStock,
RR. fa SS. Co. (So. Pac.). Bonds, $322,000 first mtge. 5s, due
for the completion and Improvement of the road. V. 90, p. 914, 1363
Aug. 1943. Year 1909-10, gross, $74,882; net, $28,918; other Income,
LANDS.— The lands June 30 1910 held for cancellation of bonds con $9,052; charges, $25,728; bal., surplus, $12,242.
sisted of 1,636 acres; land contracts, $1,216,507. V. 65, p. 869.
IDAHO SOUTHERN RR.— See page 170.
Year 1909-10, gross, $5,699,805; net, $1,492,444; other Income, $96,199 charges, $936,915; bal., sur., $651,728.— (V. 90, p. 1363; V. 91, p. 336.) ’
IDAHO & WASHINGTON NORTHERN RR.— Owns McGuire’s Station,
Ida.,
northerly to Metallne Falls, 113 miles; trackage to Spokane Grand Jet.,
H U D S O N C O M P A N I E S . — Incorporated Jan. 9 1905 under laws of New
York State. Organized to build Hudson fa Manhattan RR (which see be 22 miles; Clagstone branch, 6 miles. Controls Pend d’Orcillc River Nav.
Co.
Stock
auth., $5,000,000; outstanding, $3,172,100, $1,600,000 of the
low ), which It controls. The building erected at 33d St. and Broadway,
N. Y ., and leased to Glmbel Bros., was completed June 15 1910. V. 90, remainder being reserved for conversion of 6% notes of 1910; par $100.
Bonds are subject to call, any or all, at 107 Vi, from Nov. 1 1912 to May 1
p. 1614, 234; V. 88, p. 748, 1127.
1917, and thereafter at 105; $3,390,000 bonds were outstanding, secured on
Ownership of equities In N. Y. City property Is stated to be $4,500,000
113 miles. $1,343,000 additional bonds are Issuable at $30,006 per mile
CAPITAL STOCK.— Auth. and outstanding, $16,000,000 pref. and of additional road. V. 89, p. 411; V. 91, p. 1710.
$5,000,000 common; par $100. Pref. stock to receive 7% cumulative divi
The $1,200,000 5-year convertible 6% notes dated Dec. 1 1910, Issued
dends and also entitled to one-fourth of any other dividends.
to complete payment for road and equipment may be called for payment
on Dec. 1 1912 at 105, Dec. 1 1913 at 104 and Dec. 1 1014at 103,and con
Secured Gold Notes Dec. SI 1910 (V. 87, p. 1010; V. 92. p. 113.)
Date—
Interest. Outstanding.
Maturity.
Price at Which Callable.
verted at option of holder Into common stock taken at $75, $80, $85 and
Oct. 1908 6 A-O $8,804,000
Oct. 15 1911 Par and Interest
?29tres?.cct,v.ely- on Dec- 1 19H. 1912. 191-2 and 1914 and $95 on June 1
1915. See also V. 92. p. 118.
Aug. 1909 5 F-A
2,850,000
Aug. 11912 Par and Interest
Feb. 1910 6 F-A 10,135,'00
Feb. 11913 Par and Interest
For 4 mos. ending Oct. 31 1910, gross, $283,235; net, $114,317; charges
and taxes, $71,500; bal., sur., $42,817.
Nov. 1910 5 F-A
2,000,000
Nov. 15 1913 Par and Interest
Authorized amount. Issue 1910, $11,000,000, for refunding, &c.; out
For year 1909-10 (103 miles), gross, $613,358; net, $209,795; lnt.,taxes,,
standing, Dec. 31 1910, $10,135,000. V. 90, p. 502.
rentals. &c.. $168,486; bal., sur., $41,309. Pres. & Treas., F. A. Black
Holders of the notes of the Issue of Oct. 1908 have the option of taking well. Office, Spirit Lake, Idaho.— (V. 91, p. 1710; V. 92, p. 118 .)
payment at maturity, or when called. In first mtge. bonds of the Hudson &
CENTRAL RR.— (See M ap.)— ROAD.— Operates from ChlManhattan RR. Co., at price of 85 and Interest, and of the notes of the 1909
t
" K rm
to New Orleans, La., 012 miles, and wostcrly to Sioux
and Feb. 1910 Issues at 95 and Int. All the notes are secured by pledge of
> la., 509 miles, with numerous branches, viz. (*whloh see):
H. & M. RR. Co. 1st mtge. 4Vi% bonds, due 1957, at rate of $1,500 of
Road
owned
in fee—
R'vlrf
ntnnfiH
.........
Leased—Control owned—
Miles.
Miles.
bonds for each $1,000 note outstanding. V. 86, p. 285, 547; V. 87, p. 37; Chicago to Cairo, 111
i
Mem., Tenn., to Grenada, Miss- 100
V. 88, p. 1196; V. 89, p. 1280; V. 00, p. 447, 502,
Centralla. 111., to EastlMaln
706 Yazoo & Mississippi Val. R R .,
Dubuque, la ---------- Jstem.
REPORT.— Report for cal. year 1910, V. 92, p. 113.
Memphis to N. O. and brs__ 1,370
760 St. Louis Alton <So Terre Haute. 239
DIRECTORS, ETC.— W. G. Oakman, Pliny Fisk, Grant B. Schley, W. Dubuque <&Sioux City*
to East St. Louis".
08
Entire stock owned—
C. Lane, John W. Simpson, Wm. M. Barnum, Albert A. Tllney, Kenyon Springfield
111., to Evansville, Ind.,
Branches, &u_________________ 1,082°n Sn ’ &
Henry Barnum, Charles F. Adams 2d, Arthur B. Wester- Peoria,
with 6-mlIe branch________
234
Trackage fee______________
171
velt, I . G. Bartlett, W. G. Oakman, Pres.; Wm.Henry Barnum, V.-P.and
Leased—Control owned—
Treas.; W. C. Kinney, Asst. Treas.; William Everdell Jr.. Sec. Office. 62 Chicago
St. L. fa N. O. R R .,
Total system June 30 1910__ 5,944
Cedar St., New York City.— (V. 90, p. 627, 1614; V. 92. p. 113.)
Ca ro. 111., to New Orleans__ 547
Of which earns, kept separate—
. HUDSON & M ANHATTAN
R R . — (See M ap.)— Owns and operates
Line to Louisville, fee_______ 637 Yazoo fe Miss. Val. R R _______ 1,370
double-tube tunnel from 6th Ave. and 33rd St.. N. Y City under the
Hudson River to the Del. Lack. & West. R R . station, Hoboken, N. J..about
Remainder Included In earnings July 1 1910____________ _____ ...4 ,5 7 4
RAILROAD COM PANIES
[For abbreviations, &c., see notes on first page]
111Cent (Con)— LoulsvDAT M $25,000,000g Us.xc*Ar
Omaha Dlv IstMgd $5,000,000.......................Usc*Ar
Lltch Dlv 1st M g $4,000,000 --------- -'------------- F.c*
Iowa Falls A Sioux City— See statement of Dubuqu
Illinois Southern— 1st M gold $5,000,000.................c*
Illinois Terminal— 1st M $500,000 gold red par------IC
Illinois Tunnel Co— See Chicago Subway Co.
Indiana Decatur & Western— See Cln Ind A Western
Indiana Harbor Belt— GenM $25,000,000g..Q x c ’ Ar*
do
do
do
______
Chic Ham A W first mortgage gold assumed-.c*Ar
Indiana Illinois & Iowa— See Chicago Ind & South.
Indianapolis & Louisville— See Chicago Indianapolis
Indianapolis Un— 1st M gold s f not callable___ FP.c*
Interborough-Met Co— Com stock $100,000,000 auth.
Pref stk 5% cum (also pref as to assets) $55,000,000
Coll trust bonds gold sec by Int R T stock____c*&r
Coll trust notes $15,000,000 gold call 102........ Me.c
Collateral trust notes extended In 1008 and 1910-.
Flve-year notes__ ______ ________ _______________
Interborough Rapid Transit— Stock $35,000,000____
Gold M bonds $55,000,000 red 105 (text) ..( i.x c 'r *
Notes secured by bonds conv (text)___ G.xc’ r*
International & Great Nor—
First mortgage gold______________________________
Second mortgage gold_______________________ F.c*
3d M ($3,000,000) formerly Inc, Incl scrip g_.M e c*
Colorado Bridge bonds sinking fund____________ F
Interoccanic Ry of Mex— 1st pref stk, 5% non-cum.
Second preferred stock 4 % ______________________
4% debenture stock subj to call at par £1,150,000
Debenture stock 7% “ B” subj to call 120 non-cum
Second debenture stock red at 105 after 1911 (text)
Mex E deb stock £450,000 guar red at 105 beg 1914
Iowa Central— 1st M $7,650,000 g (V 49, p 582) J lc .c *
Refunding M $25,000,000 gold (see t e x t ).. G,c*Ar
Car trusts, ser A. due $32,000 yearly---------PeP.C"
Car trusts, ser B, due $16,000 or $15,000 yrly.PcPc
Jacksonville Term— 1st M gold guar $500,000.i\lp.c*
Jamcst'n Franklin & Cl— 1st M guar---------- G.xc* Ar*
M iles Date
Road Bonds
640
130
98
e A SI
132
Text
27.48
Par
Value
1897 $500 Ac $23,888,000
1900 1,000 Ac
5,000,000
1900
$1,000
3,235,000
oux Cl ty.
1903
1,000
4,600,000
1905
1,000
450,000
1907 1,000,Ac
1907
1897
500 Ac
A Lou tsvllle
93 1886
_.
Text
...
1,109
1,109
1,109
_
1,000
100
100
1906 1,000 Ac
1907 1,000 Ac
1907
1910
100
1907 1.000 Ac
1908 1,000 Ac
1879
1881
1892
1880
___
501
541
1888
1901
1909
1910
23 1894
. . . 1909
$62,430,061 $57,145,512 $57,996,727
$12,787,921 $13,464,230 $13,417,129
3,825,008
3,892,743
2,310.523
$16,680,664 $17,289,238 $15,727,652
Interest on bonds.............. ................ $5,969,860
$5,969,860 $5,703,193 $4,569,860
3,451,908
3.209,395
Rent of subsidiary roads........ ........... 2,877,606
7,650,720
6,652,800
Dividends on stock (7 % ).................... 7,650,720
232,267
1,046,963
Replacement of equipment................
Balance, surplus..............................
[$182,478
$251,149
2,500,000
1,725,000
2,500,000
Rate
%
$248,634
When
Payable
Last Dividend Places Where Interest and
and Maturity
Dividends are Payable
3^ g J
F
3g
J
3g
A
A
A
J July 1 1953
A Aug 1 1951
J Jan 1 1951
115 Broadway, New York
do
do
do
do
J
J
A
A
D Dec 1 1953
J Jan 2 1925
New York
Illinois Tr A Sav Bk, Ch
2-4 g J
4 g .1
6g J
A
A
A
J July 1 1957
J July 1 1057
J Jan 1 1927
New York
New York City
Central Trust Co, N
N May 1 1926
Fidelity Trust Co, Phlla
4g
5g
929,000
4H g
93,262,192
45,740^000 See text
67,825,000
4)4 g
As col lateral
5g
6
2,5 19,400
G
4,000,000
35,000,000 9 lo 1910
30,552,000
5g
4,584,000
6 g
500 Ac 11,291,000
6g
500 Ac 10,391,000 See text
500 Ac
2,966,052
4g
1,000
198,000
7
£100 £1,400,000 5 In 1910
£100 £1.000 000 4 In 1910
4
£1,150,000
£100
£469,459
7
£100 £1.150,000
4M
£100
£400,000
5
1,000
7,650,095
5g
1,000
5,720,000
4g
1,000
288,000
5g
1,000
154,000
3g
1.000
500,000
5g
1.000 Ac 11,000,000
4g
HISTORY, LEASES, Ac.— Chartered In Dec. 1850. The company pays'to
the State of Illinois 7% (tor the 12 monthseiullng Oot. 31 1901 SI.217,928)
of gross of the 706 miles owned In fee yearly In lieu of taxes. The Chicago
St. L. A N. O. Is leased for 400 years from July 1 1882 at 4% per annum
on Its $10,000,000 stock deposited to secure the leased line stock.
The entire $5,000,000 capital stock of the Central of Georgia was turned
over to the Illinois Central In June 1909, but the road Is operated inde
pendently. See that company. V. 86, p. 668: V'. 88, p. 1559.
Indlanap. South’n R.v., Indianapolis, Ind., to Effingham, 111., 177 m , Is
owned but separately ooer. V 78. p. 2442; V. 79. p. 733, 968: V. 85, p. 798:
V. 89. p. 286.
CAPITAL STOCK.—The leased line stock Is secured by deposit of $10,"
000,000 Chicago St. Louis A New Orleans stock. (V. 65, p. 1071.)
Stockholders voted May 18 1908 to increase the stock from $95,040,000
to $123,552,000, one-half of the new stock being subscribed at par by stock
holders, raising the amount out to $109,296,000, V. 86, p. 981, 1529.
In .i*ii\ 1910 Union Pacific owned $32,900,000 of the stock. V. 84,
p. 51. 102, 570: V. 86, p. 480; V. 90, p. 700.
DIVS. 1 ’87. ‘88. ‘89. ‘ 90 ’ 91-’99. ’ 00. ‘01.Sep.‘04. ’ 05tO’ 10. 1911.
Com. stk J 7
7 5>$ 6 5 yearly 5 H 6 yearly
7 yearly M ch.3}£
BONDS.—Cairn bridge. See adv. In “ Chronicle,” May 7 1892.
The trust bonds of 1886 are secured by deposit of $5,266,000 Chicago St.L.
A New Orleans consols of 1881;also by a lien on the road. See V. 86.p. 1343.
The collateral trust bonds of 1952 are secured by pledge with the U. S.
Trust Co. of New York of $16,350,000 5% 1st mortgage gold bonds of
subsidiary railroads covering 854 miles. See list, V. 55, p. 550.
The $25,000,000 collateral trust bonds of 1953 are secured by pledge of all
the Loulsv. N. O. A Texas (now Yazoo A Mississippi Valley R R .), $16,
900,000 1st mtge. bonds, except $68,000, all the $9,104,000 mtge. Incomes
and all but $96,000 of the $10,000,000 land grant Incomes. See adv. In
“ Chronicle” June 11 1802, and V. 54, p. 964; V. 61, p. 112.
Chicago St. Louis & New Orleans 5- have their Interest guaranteed (by
endorsement) until the principal Is paid. The 3 4Ss of 1897 are guar., prin
cipal and interest, by endorsement—see guaranty V. 65, p. 1071.
The Western Lines loan of 1894, see “ Supplement” of Jan. 1899.
The St.Louis Division & Terminal bonds are for $15,000,000 authorized,
of which $5,000,000 are three per cents: $3,500,000 were Issuable tor Im
provements, equipment. Ac., and $1,499,000 are held to retire $1,400,000
underlying bonds still outstanding on the St. Louis Alton A T. H. system;
Abstract of mortgage In V. 66, p. 138. See also V. 66, p. 133; V. 71, p. 546.
Louisville Division & Terminal mtge. Is for $25,000,000; of the bonds
$1,112,000 were reserved to purchase the 46 m. (Cecilia br.) from Louisville
A Nashville and to retire the L. A N. bonds thereon. Chicago St. Louis A
New Orleans took title to the Loulsv. Dlv. and joined In making mtge. See
V. 66, p. 136, for abstract; also “ Supplement” of Jan. 1899. V. 65. p.
367. 516; V. 66, p. 133; V. 67, p. 581; V. 73. p. 671.
The purchased lines 3 Hs of 1904 ($20,000,000 authorized) cover various
minor lines acquired. Of the bonds, $14.*'62,000 have been Issued on 748
miles of subsidiary branch lines purchased (of which $2,662,000 in the
treasury In July 1910), and the remaining $5,338,000 Is reserved to re
tire at maturity $968,000 bonds of the Kankakee A Southwestern
lsts due 1921 (sec bond table above), and $4,370,000 bonds of the Chicago
Madison A North. (231 m .). which are pledged for the collateral trust
4s Of 1952. (See V. 71. p. 288; V. 79, p. 1273, 1642. 2588; V. 81, p. 1105.)
The refunding mortgage gold 4s of 1908 (authorized Issue $110,000,000,
with the privilege of Issuing $10,000,000 additional to acquire the Indianap
olis Southern, Indianapolis, Ind., to Effingham, 111., 177 miles) are subject
to call at 107 \4 and Interest on any Interest day beginning Nov. 1 1018.
See V. 87 p. 1357, 1420: V. 88. p. 295 Cover the main line, the Chicago
terminals', the so-called purchased lines, the Springfield Division, the St.
Louis Division, Ac., a total of 2,015 miles, subject to existing Issues of
bonds aggregating $61,766,000, lncl. $2,500,000 Chicago Havana A West
ern 5s and Rantoul RR. 5s pledged under III. Cent, gold 4s of 1952.
Purposes for which $91,000,000 Refunding Bonds Unissued were Reserved
($2,710,000 of these haring been sold in Jan. 1911).
______
.-$61,766,000
To retire a like amount of prior Hen bonds . .
Additional main track, tunnels and bridges, purchase of real
estate. Improvements, funding of indebtedness, A c--------- - 28.23 1,000
In April 1908 filed a first lien 4% gold $30,000,000 equip, mtge. due Jan. 1
1023 (U. S. Mtg. A Tr. Co., trustee). V. 86. p. 1042, 1343
GENERAL FINANCES.— On June 30 1908 there were $23,590,000
loans and Dills payable outstanding. On account of this Indebtedness,
shareholders of record May 18 1908 were permitted to subscribe for $14.
256,000 new stock at par. In Nov. 1908 $20,000,000 refunding mtge.
bonds were sold and In Jan. 1911 $2,740,000. See above.
EARNINGS.— 5 mos., / 1910_____ Gross, $26,178,487; net, $6,324,383
July 1 to Nov. 30.
11909_____ Gross, 24,420,837; net, 4,841,321
REPORT.— Annual meeting Is held the third Wednesday In October.
Report for 1009-10 was in V. 91, p. 863, 879: editorial, p. 839.
(Not incl. Yazoo & M . V. RR.)—
1909-10.
1908-09.
1007-08.
4,551
4,420
4,547
Average miles operated___________
Passenger earnings........................... $11 ,881,013 $10,865,358 $10,991,708
38,777,758 36,003,897 35,357,81 1
Freight earnings...............................
Mall, express, A c................................ 11,771,290 10,276,257 I t .647,118
Total earnings................ .............
Net over taxes.................... ...........
Income from Investments, A c____
Amount
Outstanding
M A
0— J
July
A A () Apr
J A J July
July
J A J
Q— J Jan
M A N Nov
M A N May
1 1907 1 H
Windsor Trust Co, N Y
1 1956
1 1911
1 1911
3 1911
1 1952
11911
Belmont A Co, New York
165 Broadway
Guaranty Tr Co, N Y
Equitable Trust Co, N Y
M A N Nov 11919
Sept 1907 coup last paid
M A S Sept 1 1909
M A S Sept 1 1921
In default— See text
M A N May 1 1920
Nov 1910 coup pd wh due
See text Nov 19 1910 2 A London
See text Nov 19 1910,4%
do
do
M A S 15
do
do
7 ‘09 '10 Sept 15 1950
do
do
M A N 30 1950
4'A in 1909-10;
London
J A D 15 Jan 1 1984
J A D June 1 1938
Mercantile Trust Co, N Y
M A S Mch 1 1951
do
do
M A N To May 1 1919 Penn Co for Ins, Ac.Phlla
A A O To Oct 1 1920
do
do
J A J July 1 1939
Guaranty Trust Co, N Y
J A D June 1 1959
Grand Central Sta., N .Y.
YAZOO A MISSISSIPPI VALLEY.— Results on 1,370 miles; average.
Year—
Gross.
Nel (over tax). Oth.Inc. Charges,&c.
Bal.,Sur.
l,
370. Sec report at length In V. 91. p. 1242, 1261.
1909-10_____$10,384,150 $1,452,465 $1,750 $1,249,240 sur.$204,975
1908-09_____ 10,035,257
1,019,182
1,750
1,226,010 def. 205,078
OFFICERS.— Pres., Chas. II. Markham; V.-P. A Gen. Mgr., I). L.
Park; V.-P. and Sec., A. G. flackstall; Treas., E. T. H. Gibson. General
office, Chicago, 111.: New York office, 115 Broadway.
Directors.— Walther Luttgen, John W. Auchlncloss, J. T. Harahan,
Cornelius Vanderbilt, J. Ogden Armour, John Jacob Astor, Chas. A. Pea
body, It. W. Goelet, John G. Shcdd, A. G. HackstafL It. S. Lovett, II. W.
de Forest,and,ex-officio, Hon. Chas. S. Dcneen, Gov. of 111.— ( V. 91, p.1710).
I L L I N O I S S O U T H E R N R Y . — Owns Salem to Bismarck (IncludingRiver
Transfer, 1 mile), 122,86 m.; Chester branch, Missouri Jet. toChestcr, 10.70
m. ; Itosborough branch, Sparta to Rosborough, 5 m.; total owned, 138.56
m.; leases 111. Cent, trackage. Branch Jet. to I. C. Jet., 2.75 m.; total, 141.31
m. Successor June 1 1900 of the Ccntralla A Chester R R ., foreclosed.
V. 70, p. 1048; V. 71, p. 29. Stock, com., $4,000,000; 6% cum. pref.,
$1,000,000; par, $100, all Issued. Of the bonds, $400,000 was reservea
for lmprov. and equip, at not over $200,000 yearly. V. 79, p. 500. Of the
bonds, $3,900,000, with $3,400,000 com. and $1,000,000 pref. stock, was
Included in the collateral turned over to the Chicago banks In Jan. 1910
on settlement of the Walsh notes. V. 90, p. 167.
REPORT.— For year ending June 30 1910, gross, $373,891: net. $73,285.
In 1908-09, gross, $362,356; net, $80,314; other Income, $1,503; int.. taxes,
Ac., $219,316; bal., def., $137,819. Pres., E. K. Bolsot; Treas., F. O. Wetmore; And., A. F. Williams. Office, Grand Central Station, Chicago, 111.
— (V. 90, p. 1239.)
I L L I N O I S T E R M I N A L R R . — Owns terminals at Alton, H I . , and road,
Alton to Hartford, III., 6 miles; Hartford to Edwardsvllle Jet., 7.1 in.;
leases from Wabash RR., Edwardsvllle Jet. to Edwardsvllle, 1.6 m. Stock,
$500,000; par. $100. Year 1909-10, gross, $171,052; net, $79,048: Int.,
Ac.. $31,198; bal., $47,850. Pres.. Geo. M. Levis.— (V. 79. p. 2205.)
I L L I N O I S T U N N E L C O . —See Chicago Subway Co.— (V. 91, p.87 ).)
I N D I A N A H A R B O R B E L T R R — Owns Whiting. Ind., t o Blue I s l a n d .
111., 14.4 miles; McCook to Franklin Park, 111., 11.2 m.; Argo to Union Stock
Yards, Chicago, 10.3 m.; State line to Grasselll, Ind., 5.3 m.; branch, 1.3 m.;
total owned, 42.6 m.; operates jointly Chicago Term. Transfer R R ., Blue
Island, 111., to McCook, 13.6 in.; mtsc. trackage, 50.1 m.; total, 106.3 m.
Nov. 1 1907 acquired Chic. June. Ry. V. 85, p. 1270, 1209; V. 86, p. 108.
Stock outstanding, $2,450,000, all owned by Lake Shore A Mich. Sou.
and Mich. Cent., which guarantee the bonds. Of the bonds $25,000,000
authorized Issue), $2,500,000 are reserved to retire the Chic. Ham. A
Western 6s and $725,000 were Issued to retire the Mich. Central and Term.
R R . Joint 4s and $1,000,000 for additions and betterments. The $2,500,000
bonds Issued In payment of Chic. June. Ry. bear Interest at 2% yearly
from July 1 1907 for 5 years, then 3% for 5 yrs., then 4% to maturity; V. 86.
p. 108.— (V. 85, p. 1270; V. 86, p. 108.)
I N D I A N A P O L I S U N I O N R Y . — Owns 3.23 miles of yard tracks and
sidings, .93 of a mile of road with terminals at Indianapolis, Ind., and
leases for 999 years the Belt R R . of Indianapolis—9.40 m. (which see).
Clev. Cincinnati Chicago A St. Louis, the Pittsburgh Cincinnati Chicago A
St. Louis and the Vandatla R R . are virtual proprietors, they having In
vested In It $1,025,028 to Dec. 31 1909. No stock outstanding. Favora
ble decision Sept. 1910, V. 91, p. 1511. In 1909, gross, $1,098,013; total
deductions, $1,051,525; bal., sur., $46,483.— (V. 83, p. 213; V. 91, p. 1511.)
I N T E R B O R O U G H - M E T R O P O L I T A N C O . — ORGANIZATION.— Incor
porated on Jan. 24 1906 as an amalgamation (per plan V. 82, p. 217,280) of
the Interborough Rapid Transit Co. and Metropolitan Street Ry
In Feb.
1907 $33,912,800 of the $35,000,000 stock of the Interb. Rapid Transit C o..
$42,740,000 of the $52,000,000 Metropolitan St. Ry. stock and $29,373,100
of the $30,000,000 stock of the Metropolitan Securities Co., Its holding
company had been acquired. V. 82. p. 692. See Interborough Rapid
Transit Co. below and Metrop. St. Ry. In “ Electrlo Railway’7 Section
Favorable decision, V. 85, p. 99. 654. In Sept. 1907 receivers were ap
pointed for Metrop. Street Ry. and of its lessee, the New York City R y..
whose stock Is all owned by the Metropolitan Securities C o.,the Metropolitan
Street Ry. dividends being suspended. V. 85. p. 793, 864; V. 89, p. 593.
Mileage of Companies Comprising Interborough-Metropolitan System.
Interborough Rapid Transit Co., subway
......................... 81.94 miles
Elevated (Manhattan Railway, leased)................................... 118.03 miles
Surface lines owned or controlled by Interb. Rap Tran. C o .. 154.03 miles
New York City Railway and subsidiary companies.................. 5 1 9 . 4 6 miles
Total (single tra ck )....................................................................873 46 miles
STOCK.—The pref. stock has voting power upon default of payment of
dividend thereon. V. 82. p. 217, 280.
DIVIDENDS.— Dlv. on pref., 1 H % quar.. paid July 2 1906 to July 1907
Inclusive; none since to .ian. 1911. V. 85, p. 600.
VOTING TRUST.— All the common stock Is deposited under a voting
trust agreement to Mch. 6 1911, subject to termination In the discre
tion of the voting trustees, viz.; August Belmont, Walter G. Oakrnan,
Thomas F. Ryan. Cornelius Vanderbilt and Peter A. B. Wldener.
BONDS.—The collateral trust 4 As of 1906 (Windsor Trust Co., N Y ..
trustee) are secured by pledge of all the stock of the Interborough
Rapid Transit Co. or voting trust certificates therefor acquired at the rate
of $1,000 In bonds for $500 Interborough Rapid Transit stock, V. 82. p. 280.
A $500,000 5% mtge. due In 1911 covers property In 218th St. V. 83. p. 95.
The coll, trust 5% notes of 1907 extended in 1910 ($15,000,000 auth.
Issue) can be Issued only pro rata as the collateral mentioned (V. 84. p.
1248) In the deed of trust Is deposited. Collateral may be withdrawn on
deposit of an amount of cash as fixed by the deed of trust or additional notes
of Metropolitan Street Ry. There are $2,549,400 6% notes (extended) due
July 1 1911. V. 85, p. 1401; V. 86, p. 1285' V. 90, p. 1491.
In July 1910 $4,000,000 notes were sold to settle litigation and to be
credited on account of stock liability In Metropolitan Securities Co. Vf
91, p. 38; V. 92. p. 183.
................................
• •
REPORT.— Report of holding company for year ending Dec. 31 1009
was In V. 92, p. 183. Total receipts, §3.261,243; Interest, taxes, &c..
§3,205,733; balance, surplus, §55,510.
Combined Operations— Interborough Rap. Tran. Co. and N . Y. City Rv.
Year end. March 31—
1906-07.
1905-06.
Changes.
Gross earnings_______________ §43,353,841 §40,693,671 Inc. §2,660,170
Operating expenses___________ 21,841,884
21,044,516 Inc.
797.368
Xears—
Gross.
Net.
Other Inc. Chges., etc.
Balance.
1909-10 ------ §8,566,866 §1,517,078 §51,176 *§2,464,716 def $896 462
1908-09 ____ 8.097,939 1,499,794 46.521
x2 712 583 def 1166268
1907-08 ------- 6,922,268
363,560 66,444
2!890,468 dcf'2'460’ 464
1906-07 ------ 8,826,957 1.950,008
4!530
l^SO.Sll
173 727
, *JIn^1i1.des hlrc of equip, balance, §214,776; taxes, §252,980. &c. s’ In
cludes §91,486 for additions & betterments.— (V. 91, p. 871, 945.)
IN 1EROCEANIC RY. OF MEXICO, LTD.— Sec page 170.
Net earnings-----------------------§21,511,957 .19,649,155 Inc. §1,862,802
CENTRAL RY.— (See Afap.)— Operates Peoria, 111., west to OskaOther In com e________________
1,187,464
1,215,781 Dec.
28,317
" * c , nf e northerly to Albert Lea, Minn., forming a through line
via Minn. & St. L. R R .. from Peoria, 111., to St. Paul, Minn., 558 miles, viz.:
Total Income------------------------§22,699,421 §20,864,936
Inc.§1,834,485
T11 . , , , T Miles. I Leases— (stock owned.)
Miles.
•Interest rentals and taxes____ §17,956,552 §16,766.926 Inc. §1 189 626
Iowa Jet., 111., to Manly Jet.
Ia. C. & W ., Belmond to Algona. 37
Int. (4>$%) on Int.-Met. bonds 3,150,000
a2,800,000
Inc.350I000
------------ 363 ITrack. Iowa Jet. to Peoria______ 3
Metrop. St. R y. guar, dlvs-----666,368
3,639,888 Deo. 2,973 520
Int.-Met. 5% pref. dividend__ 2,273,990
________ Inc. 2,273 090 Branches to Belmond, &o---------- 127 Manly Jet., La., to Albert Lea,
„ ICTnt, v
„
. ..
I Minn, (owned Jointly)________ 28
HISTORY.— Reorganization (by plan In V. 44, p. 653) of the Central
Deficit-------------------------------- §1,347,489
§2,341.878 Dec. §904,380
,n foreclosure la 1887-88. In 1900 Minneapolis & St. Louis Inter
•Excluding Metrop. special franchise tax In litigation, a Dividend.
ests obtained control through purchase of common stock
V. 70, p. 1249.
OFFICERS.— Pres., T. P. Shonts; V .-P ., J. B. McDonald. Office. 165
*7 Sdno non."Tp0ma ’ 'Y*t5 v .5o1?A000+000: lssued, §8,525,623. Pref., author.,
Broadway, N. Y .— (V. 90, p. 234, 1491; V. 91, p. 38, 790; V. 92, p. 183.)
The pret- 13 entitled to 5% (non-cum.),
INTERBOROUGH RAPID TRANSIT CO.— (See M ap.)— Incorporated then com. to o, then both share pro rata. V. 62, p. 548. Par §100.
May 6 1902 In N. Y ., and Is now operating municipal tunnel R R . In N. Y.
DIVIDENDS.— On pref. In 1892. 1%; 1899, 3; 1900, 1)4, none since.
City, extending, with two tracks, from Battery to City Hall, and as a fourtrack line from the City Hall (with two-track loop at that point) under new tiro n£f.n,^V~!rT!le,,refundl.n? 4? of 1? 01 are secured by a mortgage on the enElm St., Fourth and Park aves., to 42d St., thence under 42dSt.andBroad- nr=t ^o°Pterty J,.0 ,! owned °r hereafter acquired, subject to the §7,650,000
an e/ lual amount Is reserved. The balance Is Issuable
way to 103d St.; also as two-track lines, partly viaduct, (a) from 103d St.,
on the West Side, to Van Cortlandt Park, (0) from 103d St. to the East Side cmiinrnont'Xtx/S7>-PS at«M exceeding $25,000 per mile. Improvements and
73’
899- In JulY 101 0 $5,720,000 were sold and listed:
and Bronx Park. Extension (two-track) under the East River via Fulton $996,000 additionali RIn treasury. V. 86, n. 229. 1589- V 87 n 1420
and Flatbush avenues to Atlantic Ave., Brooklyn, 2 14 miles, there connect
88’
n
id
3*7*X/
%
p’
19? 9 3<*d
W o oV.o 91,
5% p.
c q518.
V n V t ’t S ;
ing with the Long Island R R ., was opened May 1 1908. Total, about 82 V
V. 88, p. 1437; V. 89, p. 1341; “In ,1910,
§154,000;
m. of track (Incl. 9 m. sidings, &c.) on 25)4 miles of road (of which IS )4
EARNINGS.— 5 mos., (1910.................. Gross, §1,500,181; net, §321,465
subway and 7 elevated); leases Manhattan (Elevated) Ry., 118 m.; surface
July 1 to Nov. 30.
11909
............ Gross, 1,476,450; net, 373,382
lines owned or controlled, 155 m.; total, 355 miles. V. 77, p. 827; V. 80,
p. 222, 1912; V. 84, p. 1306; V. 85, p. 600, 654, 1005; V. 80, p. 108, 1100.
ANNUAL REPORT.— Report for 1909-10 was In V. 91, p. 1442 Com
Owns stock of N. Y. & Queens County R y., 74 miles, and (Jointly with parisons are Inaccurate, owing to changes In accounting in two later years
Long Island RR.) the N. Y. & L. I. Traction Co., 56 miles. V. 80, p. 2621; Soft-coal tonnage in year 1909-10 was 1,097,877 (42% of total tonnage) '
V. 83, p. 818; V. 86, p. 1100.
Year ending June 30—
1909-10.
1908-09.
Inc. or Dec
In Jan. 1911 decision was pending on company’s Oder to turn over to the Gross earnings...................................... §3,361,282 $3,015,647 +§345,635
669,415
454,871 + 21 4 541
city the title to the Steinway tunnel (N. Y. & L. I. R R .), In consideration Net earns, (over taxes)...................
718,912
524,528 + 194 ,’ 384
of the right (a) to operate It (when completed) on the same terms as the sub Total net receipts-..............................
745,576
752,049
— 6,473
way north of City Hall; (6) to third-track the elevated lines and build ex Interest, rentals, &c............................
tensions thereto in the Bronx, at an estimated cost of §32,000,000. As to
Balance, d e fic it..-...........................
§26,664
§227,521 — $200,857
Oder to build and equip new subway In Manhattan, Brooklyn and the
Bronx (paying part cost) and to operate the same, the original contract as — (V. 89, p. 163, 1341; V. 91, p. 518, 790, 1095, 1442.)
well as this new one to run until 1959, see V. 91, p. 1574; V. 92, p. 118.
GUAYAQUIL & QUITO R Y.— ( 3 -ft. gauge.)— Owns from Guayaquil
V. 91, p. 870, 913; V. 89, p. 1069; V. 90, p. 1554, 1614; V. 91, p. 1254, 1574. to Quito, Ecuador, about 286 miles, with two branches, completed June
CONTROL.— In Deo. 1907 §33,912,500 of the §35,000,000 stock had 1908. V. 81, p. 556; V. 83. p. 1170.
been exchanged for 200% In 4 )4 % collateral trust bonds of the Interborough
Stock authorized, pref., 7% cum., $5,250,000; common, $7,033,000; par,
Metropolitan Co. (which see above), secured by the stock exchanged.
$100. Of the common $3,445,700 Is Class A, $3,586,300 Class B and $1,000
special voting stock held by the council of foreign bondholders, who may
CONTRACTS.— Contract with city called for the construction of the road appoint
3 directors. Class C, §1,000 may be redeemed at par at any time af
from City Hall north for §35,000,000 and Its lease to the company for 50 ter all bonds
or hereafter guaranteed by Ecuador shall have been paid in
years from completion, renewable for another 25 years, the rental to be JblL V - 89.’ now
The 5s (formerly 6s) of 1899 are guar., prln. and Int.,
equal to the Interest on the city’s bonds Issued for construction (but not for by the Gov t Pof-!483.
Ecuador,
by a Hen, subject to that of the prior lien
easements, &c.) and a sinking fund of 1% yearly to retire the bonds. See bonds, on all the customs secured
duties, the Govt, receiving 49% of com. stock.
provision V. 82, p. 1157. In Dec. 1907 §5,934,798 was allowed for extra
In 1908 an agreement was made for the surrender of the four coupons
construction. V. 85, p. 1461. The company also at Its own expense pro of Late
the Keneral berIes bonds from July 1907 to Jan. 1909 in exchange for
vided the electrical equipment (costing over §26,000,000; see V. 82, p.
of Gov t halt bonds bearing 4% Int and 4% sinking fund, to be used
452). For contract see V. 69, p. 1063. The extension from City Hall $00
«o draw the bonds for payment at par; also for the Issue of $2,486,000 of
Manhattan to Brooklyn was built without aid from the city except about 6%
prior lien bonds having a preferential mortgage on the road and customs
§4,000,000, and leased for 35 years with privilege of renewal for 25 years. revenues
redeemable by a sinking fund of 2 H % at par or as a whole at 105,
V. 86, p. 196; V. 75, p. 184, 1086, 1202. See V. 76. p. 101, 1234.
the Interest on the general series Donds being reduced from 6 to 5% . After
DIVIDENDS.— July 1904, 2% ; 1905, 8 *A%; 1906, S)4% ) 1907 to Jan. the payment of the prior lien bonds the Government Is to continue to pay
1911, 9% yearly (Q.-J.).
•> o aQd 1% 3'aldn g fy nd- The ll0,(lera of the general series bonds received
per $1,000 bond In non-lnt.-bearlng certfs. V. 87, p. 1478; V 88 p 564
BONDS AND N O TE S— The §55,000,000 mtge. 5s dated 1907 are $100
Pres., Archer Harman; V.-P., T. H. Powers Farr, New York; Sex-, and’
purchasable at 105 and lnt. by a yearly sinking fund of §300,000, beginning Treas.,
John J. Glnnane. N. Y. office. 33 Wall St.— (V. 90, p. 1170.)
Nov. 1 191 0, and also subject to call on any Interest day at the same price
JACKSONVILLE TERMINAL RY.— Owns union freight and passenger
In amounts not less than §1,000,000. V. 89, p. 41, 103. The bonds arc
depots
and
terminal properties at Jacksonville, Fla., Including 23 miles of
secured by all the real estate and power houses, leasehold Interest in the
subway, Manhattan R y., stocks and bonds owned, advances to other cos. track used by Atl. Coast Line R R ., Seaboard Air Line, Florida East Coast
R y., Southern Ry. and Georgia Sou. & Florida R y., the five companies
and other property; total cash cost, §54,095,419.
The 3-year 6% notes dated May 1 1908, of which §17,389,000 had been first named guaranteeing by endorsement the prln. & Int. of above bonds
converted Into bonds up to Nov. 1 1910 (when the right of conversion and owning entire stock. The live cos. each guar, one-flfth of the lnt. under
ceased) at the rate of 99 in notes for §100 in bonds, reducing amount out rentals and meet expenses on wheelage basis.— (V. 71, p. 135.)
standing to §4,584,000, were secured by deposit of bonds of 1907.
JAMESTOWN FRANKLIN & CLEARFIELD RR.— Owns from James
In Dec. 1910 a new mtge. was proposed for the authorized amount of town, Pa., on the Lake Shore & Mich. So., to Brookvllle, Pa., 99 miles;
§150,000,000, of which about §75,000,000 for additional subway, $32,000, branches, 25 m.; trackage to Clearfield, Pa., 54 m.; total, 178 miles.
000 for elevated roads and third-tracking, §35,000,000 to retire outstand
Controlled by Lake Shore & Michigan Southern. A consolidation In 1909.
ing 1st M. bonds, §4,584,000 to redeem 6% notes and §3,416,000 for gen V. 88, p. 506, 1002. Leased to the Lake Shore & Mich. Sou. from April 1
eral purposes. V. 91, p. 1629; V. 86, p. 1100. 1042, 981, 603. V. 87, p. 1909 for the term of the corporate existence and renewals, rental covering
1479, 1610; V. 90, p. 1170; V. 91, p. 1385.
Interest on bonds and 5% yearly on $3,000,000 stock (all owned by Lake
EARNINGS.— For 5 months ending Nov. 30:
Shore), payable quarterly (Q.-J.) Of the 4s of 1909, $11,000,000 guaran
teed by the Lake Shore were Issued to retire outstanding debts and bonds
I *
Gross
Net (after
Other
Chges. (incl. Balance,
and remaining §14,000,000 reserved for extensions and Improvements.
5 Months. Earnings.
Taxes).
Income. Manh. guar.) Surplus.
V. 90, p. 167, 697.— (V. 90, p. 167, 697, 1554.)
1 9 1 0 -----------§11,526,290 §6,047,384 §147,126 §4,444,415 §1,750,095
1909
11,283,758
6,237,186
196,722 4,389,092
2,044,816
JEFFERSON RR.— Owns Lanesboro, Pa., to Carbondale, P a .,37 miles,
REPO RT.— Report for year ending June 30 1910, V. 91, p. 713. Results double track;branch, WestHawley, Pa., toHonesdale,Pa., 8 miles. Leased
prior to 1908-09 are made up according to previous method of accounting. In perpetuity to the Erie RR. Co. for $140,000 per annum for main line
and $14,940 for branch. Used by Delaware & Hudson to reach Carbondale.
Year end. June 30—
1909-10.
1908-09.
1907-08.
1906-07.
Gross oper. revenue____ §28,987,648 §20,524,394 §24,059,299 §22,363,802 Stock, $2,095,700; all owned by Erie R R .— (V. 87, p. 1470.)
JONESBORO LAKE CITY & EASTERN RR.— Owns Jonesboro to BarOperating expenses____ §11,013,143 §10,747,443 §10,722,694 §9,593,331
Taxes ............................. 1,750,422
1,799,807
1,586,460
1,377,965 Held, Ark., 67 miles; Osceola Jet. to Osceola, Ark., 20 miles. Stook,
$600,000. Bonds ($1,000,000 authorized Issue), Bank of Commerce &
For year ending Juno 30 1909 gross.
Income from oper____§16,224,083 §13,977,144 §11,750,139 §11,392,506 Trust Co.. Memphis, Tenn., trustee
Non-opcr. Income-.........
411,024
1,001,775
1,220,170
815,833 §151,976; net, $30,931; charges, $30,942; dividends, $5,850; bal., def..
$5,862. Pres., E. F. Brown. Office. Jonesboro, Ark.— (V. 81, p. 1665.)
Gross Income.................§16,635,107 §14,978,919 §12,970,309 §12,208,339
JOPLIN UNION DEPOT CO.— Owns union freight and passenger station
Total deductions.............. §10,552,960 §10,389,096 §9,209,650 §8,491,895 on 26 acres at Joplin, Mo., to bo completed by March 1911, to be
Dividends ( 9 % ) . . .......... 3,150,000 3,150,000
3,150,000
3,150,000 used by the Atch. Top. & S. Fe, Kansas City Sou., Mo. ICaus. & Texas
and Mo. & Nor. Arkansas, which Jointly own the $40,000 stock and Jointly
§1,439,823
§550,659
§566,444 and severally guarantee the bonds, prln. and Int. Of the bonds ($750,000
Surplus.......................§2,932,147
$500,000 sold; Philadelphia Trust, Safe Deposit & Insurance Co.,
DIRECTORS.— August Belmont (Chairman), Alfred Skltt, Andrew auth.),
Freedman, John Pierce, George W. Young, William A. Read, Cornelius trustee. Total stock authorized, $500,000.— (V. 90, p. 502, 627.)
Vanderbilt, ! Edward J. Berwlnd, 'Edwin Hawley, II. M. Fisher,
KANAWHA BRIDGE & TERMINAL CO.— Owns bridge across tho Grca
Gerald L. Hoyt, Theo. P. Shonts, F. de C. Sullivan, New York:and Gardiner Kanawha River near Charleston, VV. Va., used for railway, street railway
M. Lane, Boston. Pres., T. P. Shonts: V .-P., Frank Hedley, David W. and general traffic. Stock. $400,000, purchased by Chcs. & Ohio in Deo.
Ross: Sec., H. M. Fisher; Treas., John H. Campbell. Office, 165 B’way, 1910, which operates property. Bonds (not guaranteed), see table above.
V. 91, p. 1629.— (V. 91. p. 1629.)
New York.— (V. 91, p. 1629, 1711; V. 92, p. 118.)
KANAWHA & MICHIGAN RY.— (See Map Toledo
Ohio Central.)—
I N T E R N A T I O N A L & G R E A T N O R T H E R N R R . -(See Map Missouri PaOwns
Corning, O.. to Gaulcy on the Ches. & Ohio, 176 miles, less 18 miles.
Ctfic.)— Total system July 1910, 1,159 miles, viz.:
Pomeroy to Galllpolls, and 1 mile, Athens to Armltage, where Hocking
Lines owned—
Miles.
Joint trackage—
Miles.
Yall
are. Iised• Also owns branch of 11 miles leased to Toledo
Longview, Tex., to Laredo____494 Galveston Houston & Henderson
oc Ohio Central and Col. Sandusky & Hocking Ry. companies.
Palestine to Houston, Tex______ 150
(Jointly with M. K. & T .)---------50
HISTORY,
&c.—
Re°rg. In April 1890 of K. & O. Ry. foreclosed (Seo
Mlneola, Columbia, &c_________ 121 Other lines_______________________ 26
I
. In i 890 a 'oajorlty of stock (§4,000,000) was acquired
Fort Worth to Spring__________ 261 Houston, Oak Lawn & Magnolia
by
Tol.
&
Ohio
Cent.,
which guaranteed the bonds, prln. and lnt., but In
Navasota to Madlsonvllle________ 47
Park R y ________
________ 10
Mch 1910 was sold to Chesapeake & Ohio and Lake Shore & Mich. Southern
ORGANIZATION.— Stock authorized Is §25,000,000; outstanding, $9, Jointly, $3,454,200 of the §4,400,000 minority stock having to June301910
755,000; par, §100; controlled In Interest of Missouri Pacific.
agreed to accept §72 per share, less 1 )4% commission. The same Interests
RECEIVERSHIP.— On Feb. 26 1908 Thos. J. Freeman was appointed re V?
19~2,ac,P,H!rc0d 3 n,addlt onal block,’said to amount to about §300,000.
(See V 52 n 165 3511
ceiver. The March 1908 coupons on 2d and 3d mtge. bonds were defaulted, V. 90. p. 771, 849, 977, 1425; V. 91, i). 276. 1095
Capital stock $10,000,000, $1,000,000 In treasury July io i(j. *
*
a large amount of earlier coupons on 3d mtge. bonds also remaining unpaid.
Foreclosure sale under 2nd M. has been adjourned to May 16 1911, on , LATEST EARNINGS.— (1910.......... Gross. §1,443,087; net. §615,941
account of Texas legislation giving a preference to unsecured debt. V. 91, o mos., July 1 to Nov. 30.11909-------- Gross, 1,185,156; net, 412,442
p. 463, 589, 655, 871, 945. Receiver’s ctfs., $340,000 6s (§240,000 since re
REPORT.— Report for year 1909-10 was In V. 92, p. 113, showing.
tired), were auth. to pay Int. due May 1 1908 on 1st M. bonds. V. 87,
nc»’
otber Ino., §186,393; Interest, taxes, &o.,
p. 812. Receiver’s ctfs. outstanding Mch. 31 1910, §100,000. Floating
Hrtt™ mcnl Si’0 ?1t 1,692+ bal” sur-- $488,682. New directors,
debt (Judgments), §4,929,098, entered May 14 1908. V. 86, p. 1285.
Mch. 1910, V. 90, p. 849. Pres., F. B. Sheldon.— (V. 92, p. 113.)
2nd M . Bondholders’ Protective Committee.— W. Emlen Roosevelt, Edgar
KANAWHA & WEST VIRGINIA RR.— To extend from Charleston, W .
L. Marston and II. K. Pomroy of New York and John W. Hamer of Phila Va..
to I3elva on the Gauley River. 55 miles, of which 39 miles completed,
delphia (Farmers’ Loan & Tr. Co., depositary). In 1908 most of the §10, balance
under construction. Controlled by same Interests as Blue Creek
391,000 2d M. bonds had been deposited. V. 86, p. 1042, 1343, 1425.
Coal & Land Co., owning 44,000 acres of coal and timber land In Kanawha
3d M . Bondholders' Committee.— Alvin W . Krech, Chairman; Eqult. Tr. County. Stock authorized, §5.000,000; par of shares, §100. Of tho §5,
Co., N. Y ., depositary. V. 90, p. 1170.
000,000 authorized 1st 5s, (Scranton Trust Co., trustee), $1 000 000 have
BONDS.— The 2d mtge. Int., scaled to 5% . upon default reverted to 6% been issued, the remainder being limited to $25,000 per mile. Tho first
$1,000,000 of the Issue are guaranteed, prln. and lnt., by tho Blue Creek
as formerly. V. 73, p. 445. Car trusts, Dec. 1910, §860,983.
& Land Co. and are subject to call at 105 and Interest
V 83 p 1524’
EARNINGS.— 5 mos., (1910...........Gross, §4,197,873; net, §1,281 089 Coal
V. 84. p. 339. Pres., Edward S. Jones; V.-P., w . A. MacCorklo’; Treas.,
• July 1 to Nov. 30.
(1909......... Gross, 3,762,963; net,
888,358
Thos. E. Jones: Sec.. Wm. D. Boyer.— (V. 84. p. 339.)
RAILWAY STOCKS ANI) BONDS.
J a n . i 9 i i .|
RAILROAD COMPANIES
[For abbreviations, &c., see notes on first page]
Jefferson— 1st & 2d Ms ext In ’87 & ’89 (H’dale Br) . . c
1st M Carb to S dep g ext 1908 red 105 gu p&LFP.c*
Jonesboro Lake City & Eastern— 1st M SI ,000,000 an
Joplin Union Sta— 1st M gu J’tly red 105 aft 5 yrs.c*
Junction (Philadelphia!— See Pennsylvania RR
Kanawha B’ ge & Ter Co— 1st Mg rcdl05beg’ 10 st FP
Kanawha & Coal River— Joint M $750,000 gold s f . . .
Kanawha & Mich— 1st M $15,000 p m ggu p & l.Ce.c*
Second mtge $2,500,000 auth gold red par__ Sxc*
Equipment trusts------ ---------------------------------------------Equipment bonds due $23,000 semi-annually............
do
do
due part semi-annually___________
do
do
-------- ---------------- ------------------------Kanawha & West Va— First M $5,000,000 g te x t---c
Car trusts due $32,000 Dec yearly........................... Ba
Kansas City Belt— See Kan City Terminal Ry.
Kansas City Clinton & Spring— 1st M g guar— NB.c
Kansas City Fort Scott & Memphis Ry—
„
Ref M $60,000,000 gold guar p & 1 end-.M e.xc &r
K C F tS & O 1st M Id gr s f dr’ n 110 (ext In 1908)-C*
Kansas & Missouri RR first mortgage-----...-c
Kansas City Ft Scott & Memphis RR cons M . NB.c
Current River RR 1st M $20,000 p m guar . -Nt
Kans Cy & M Ry & Bdge 1st M g s f drawn at 110-c
KansCyMcm & Blrm gen M $4,500,000 cur..O B.c
Income non-cumulatlve................ ............ .. - -OB.c
do
stamped fixed Interest redeemable te x t..
Blrm Belt 1st M gold red 102 V , guar p & 1 end..O B
Equipment notes Series A due $65,000 se m l-a n n ....
do
Ser B $85,000 due s-a (V 81. p 1044). . .B a
Kansas City Mexico & Orient— 1st M gofd (see text)
do
do
gold ser B red par $30,000 s-a.
b Includes $287,000 held alive In sinking funds.
Miles Date
Road Bonds
Par
Value
8 1867
37 1889
87 1905
1910
$1,000
1,000
1,000
1,000
1908
15 1904
164 1890
1907
1902
1906
1906
1909
35 1005
1906
1,000
1,000
1,000
1,000
1,000
1,000
1,000
Rate
%
$300,000 4H & 6
2,800,000
5g
5g
500,000
500,000
4X g
500,000
750,000
2,469,000
2,500.000
275.000
253,000
121,900
144.667
1,000,000
32.000
5g
5g
4g
5g
5
5
5
5
5g
5
When
Payable
o
s
o
o
& J
&
M &
M & N
J
A
A &
M &
A &
J &
M &
F &A
J &
M &
J &
J &
Last Dividend Places Where Interest and
Dividends are Payable
and Maturity
July
Apr
Sept
May
'27-Jan ’29 Fidelity Trust Co, Phlla
Erie R R . New York
1 1919
U S Mtge & Tr Co. N Y
1 1925
Phil Tr. S Dep & Ins Co
1 1940
Apr 1 1948
Sept l 1924
Apr 11990
J July 1 1927
N May 1 1912
15 Aug 15 *11-’ 16
J July’ lO-July ’ 13
N May 1 1917
J July 1 1955
D Dec 1911
s
Fidelity Trust Co, Phlla
Bankers Trust Co, N Y
Central Trust Co, N Y
J P Morgan & Co., N Y
Hock Val R y, Colum, O
Sup Sav & Tr Co, Cleve
J H Hoyt, Cleveland
Northern Nat Bk, Toledo
Scranton (Pa) Trust Co
R Kleybolte & Co. N Y
Old Colony Trust, Boston
3,192.000
5 g A & O Oct 1 1925
1,000
Mercantile Trust Co, N Y
A & O Oct 11936
4g
1901 1,000 «Scc 22.881.000
Old Colony Trust, Boston
5 (7) J & D June 1 1911
100 &c 2,055.300
1879
do
do
F & A Aug 1 1922
5
390.000
1,000
1882
Merc Trust, N Y ; & Dost
M
&
May
1
1928
6
N
13.736.000
1,000
1888
Old Colony Trust, Boston
A & O Oct 1 1927
5
1.006.000
1,000
1887
Merc Tr Co, N Y ; & Bost
A & O Oct 1 1929
1,000 b3.000.000
1889
5e
do
do
4
M &
Mch 11934
1894
600 &c 3.323.390
do
do
5
Stpt. Mch 1 1934
369,780
1894
500 <5cc
do
do
Mch 1 1934
M &
5
1894
500 &c 5,953,000
do
do
Oct
11922
A
&
4
g
1.000,000
1,000
1902
Blair & Co, New York
520,000
4H g J & J To Jan 1 1915
1905
do
do
4K> g F & A Aug '1 1-Aug ’ 15
765.000
1,000
1905
Amer Exch Nat Bk, N Y
1,000 See text
1901
4 K F & A Feb 1 1951
do
do
2.000,000
4 g A & O Apr 1 1953
1.000
8 1003
100 21,000.000 4 In 1910 Q—J Jan 16 1911 1% Checks mailed
New
York
Trust
Co. N Y
Apr
1
1950
&
A
O
30,000.000
1900 1,000 &c
3K
do
do
J & J April 1 1950
. . . 1009 1,000 &c 10,000.000
5«
720,000
1,000
4H g M & N M ay’ 11-Nov ’15 Blair & Co, New York
. . . 1905
do
do
330,000
1906
4H g J & D June’ llJune ’ 16
162 1885
a9l4
160
26
715
82
3
285
285
285
21
s
s
o
phis & Blrml ngham,? 85 miles, an d provld es for retl
KANSAS CITY CLINTON & SPRINGFIELD KY — uwns rrom uiatne.
Kan to Ash Grove.Mo., 154 miles; Raymore Jet. to Pleasant Hill, Mo.,
8 m ’-’total, 162 miles. Stock, $1,775,400. Bonds were guar, by the Kan.
City’ Ft. Scott & Mem. R R . (old co.). Year ending June 30 1909, gross,
$326 806; net. $82,461; other Income, $2,857; lnt., taxes, &c., $192,589;
bal ,’dcf., $107,271. Year ending 1907-08, gross, $333,105; net, $76,934.—
(V. 73, p. 723.)
KANSAS CITY FORT SCOTT & MEMPHIS RY.— (See Maps Rock, Island
£70.)— Operates Kansa City, Mo., to Memphis, Tenn..and branches, 914 m.,
Also has a controlling Interest in stock of the K. C. Mem. & Blrm. R R .,
owning line from Memphis, Tenn., to Birmingham, Ala., with branch, 285
miles, and of Kansas City & Memphis Ry. & Bridge Co., owning bridge
across Mississippi River at Memphis, 3 miles. Total, 1,201 miles
O R G A N I Z A T I O N . — Incorporated on June 14 1901 and Is vested with
the property of the former Kansas City Ft. Scott & Memphis Railroad: also
oontrols other mileage. V. 72, p. 1237. See V. 72. p. 438, 532, 675, 988.
The St. L. & San Fran. R R . owns the entire stock and leases the road, guar
anteeing the bonds of 1901. prln. and lnt.. and 4% on pref. stock trust certs.
__Common authorized, $45,000,000! outstanding, $15,000,000,
all^wned by StS
& San Francisco R R . The pref stock ($15,0001000
authorized, of which $13,510,000 Is outstanding, par $100) Is deposited In
escrow and against It are Issued trust certlhcates of the St. L. & San F. R R .,
t h ? tatter having the option to retire the certificates at any time at par,
and obligating “ Self itoSay off the whole Issue In 20 years from date ( 6 ct.
1901). and meanwhile to pay quar. 1% thereon. See V. 72, p. 1238.
RO N D S__The
refunding bonds
(limitedacquired
to $60,000,000)
are
BONDS.
The renmaing
ed of or1001
hcreafter
with the proS 3 T & the rcl^ncFlng^ssue. Of the bonds, $22,881,000 were oustandlng
Tulv 1910 S29 012 270 were reserved for exchange against the face amount
underlyingbonds and the remaining $8,106,730. as well as any bonds
°f u“ „ Y
* ? for refunding purposes, will be reserved for issue for
nHHmSnnni%nes andex°enslons^ at not exceeding $22,500 per mile thereof.
o°guaranty?see^“ organization,’ ’ above. V. 75. p. 853. See V. 87.
Scott & Mem. Ry.had guaranteed the lnt. on all
1 SS69 280 o fth e $6,322,780 K. C, Mem. & Blrm. Income bonds, beirinnlmr March 1, the bonds so guaranteed being stamped with a provision
making them subject to call at any time within 10 years from Sept. 1 1902
at nirm^nnlioMllell bonds are guaranteed, principal and Interest, Jointly by
Kansas City Memphis & Blrm. and St. L. & San Fran. V. 75. p. 1147.—
(V. I?? p. 414; V ? 88 , p. 1061; V. 89, p. 163, 1101; V. 91, p. 38, 154.)
(THE) KANSAS CITY MEXICO & ORIENT RY.— (See M ap.)— Mileage.
— The road when completed will extend from Kansas City. Mo., to Topo oh. m„ „ mpx 1 659 miles, with a cut-olf from San Angelo, Tex., to Del Rio,
MexP,° 160* miles, connecting there, as well as at Chihuahua, Mex., with
Ue^
leagel^ompUtedeand
in'operation— All Standard-Gauge Steel Rails.
J.VJ.[incwyv
—
iti. uu .
An7Trackage—
rackage—
Wichita,
Kan., to
to San An
gelo Tex_________________ 509. »4 Chihuahua & Pac. R R . Co.—
Chihuahua to Mlnaca, M ex.125.00
Chihuahua to'Faiomlr, M ex .. 87.73
Mlnaca to Sanchez, Mexico. . . 7J.48
______
T ° t t S ^ ^ ? a r “o°aSnd^“ o l i . Si Mexico. 70 & 75 lbs. In U. S.) .872.91
Contracts have been let for grading on main line south of San Angelo.and
o n b ra n ch fr?m San Angelo to Del Rio on the Rio Grande River.160 miles.
Work has begun and will be pushed as fast as possible. Total sidings
(Anrll 1910) 81 72 miles. Reports of experts, prospectuses, &c., V. 90,
p Y o l 110 ; V 86. p 668; V. 83, p. 95, 1411; V. 75, p. 1253. See Kansas
city Outer Belt & Eleo. R R . below.
t t t s t o r y __Tneom under laws of Kansas April 30 1900 and operates
in Mexico *under the° iliansas charter, legalized by the Mexican Gov’t The
rAllq wore laid In 1902. From Kansas City to Done vvoir, Ukla., is
being built under contract by Union Co ns true tIon Co- (of Dela.) a n d f rom
Lone Wolf, Okla., to Topolobampo, Mex., by International Construction
freight, 1,928; service, 77. Of this equip., 49 locomotives and 1,933 cars
are held under car trusts.
■ ST O C K .— Authorized, $20,000 per mile each In common and 4% noncum. pref. stock; outstanding, June 30 1909. P r e f -> 512,500,000. com , $10,
718 125
Par value, $100. In June 1909 Increase to $37,500,000 each of
common a n ™
stock was authorized
Stock is he d in a voting trust
until Jan. 1 1917, the voting trustees being. A. E. Stllw^l, W. w syl
vester W A Rule, W . S. Woods, Kansas City, Mo., Robt. H. Daw,
Chicago, 111.; Douglas J. Neame, Harold D. Arbuthnot, Lewis Wendell,
Baron Boxall and H. J. Chlnnery, London, Eng. V. 83, p. 1411. Trans
fer office, U. S. & Mexican Trust Co.; Registrar, Commerce trust c o „
both at Kansas City, Mo
. . .
„„„
,,
BONDS.— The funded debt consists of 1st M. 4 % 50-year $1,000 gold
M ex0Trb0Co3 Kansas CltjG^Vlo^ Auth. Issue Is $22,500 per mile’ of single
main track, $15,000 per mile of yard and terminal track *nd$12,000 per mile
of double track- also $2,500,000 for extra work In the Sierra Madre Moun
tains, $5,000,000 for terminal facilities at Kansas City ° r,,T&£Yi°mnin2
or both, and $10,000,000 for future requirements and additional rolling
stock, at not over $1,000,000 yearly, beginning Feb. 1 1906.
Of the $16,484,000 bonds Issued June 30 1909, $3,500,000 were sold,
$4 ,338,000 were In the treasury and the balance owned by the aforesaid
construction companies. In June 1910 $5,000,000 bonds were sold to a
syndicate of English brokers and offered with an option by the purchaser of
three-tenths In amount of pref. stock at $40 per share and of com. stocK at
S25 ner share. Under agreement In force until Aug. 1912, the company pays
Interest only on the bonds sold. V. 78. p. 102; V. 81. p. 1411; V. 87, p. 37,
5081 V 91 P- 38, 94, 1025.
There are also (1) $200,000 6% 5-year notes due Aug. 15 1913, but sub
Amount
Outstanding
ject to call after three years, secured per iiuu note uy
in.,
bonds, the notes being convertible Into the deposited bonds taken at 80;
and (2) car trust notes Issued under agreement of 1902 (St. Louis Union
Trust Co., trustee), total issue, $2,000,000; and (3) locomotive trust notes,
original Issue $1,000,000, made In 1905.
. . . . .
„
.. ,
OFFICERS.— President. Arthur E.Stllwell. N .Y .: Vice-Presidents. Edward
Dickinson (Gen. Man.), Kansas City, Mo.; J. T. Odell, N. Y .; Enrique C.
Creel, Chihuahua, Mex.: John F. Wallace, N. Y .; J. S. Bralthwalte, Lon
don, Eng.; Sec. and Aud., Neal S. Doran, and Treas., E. E. Holmes, Kan
sas City, Mo.; Asst. Sec., J. Crosland Taylor, London.
Directors.— Pres. Stilwell and Vice-Presidents Dickinson, Odell and
Wallace- A. N. Beldlng. Rockville, Conn.; P. W . Goebel, Kansas City,
Kan.; D. W . Mulvane, Topeka. Kan.; A. Monroe, Lawrence, Kan., John
F. Alden, Rochester, N. Y .; Chas. R . Huntley, Buffalo. N. Y., H. S. Man
ning. W . D. Baldwin, New York; Thos. M. Evans, Me E x p o r t Pa..
Ferdinand W . Roebling, Trenton, N. J.; Wm. H. McCord, H. D -Estabropk.
N. Y .; Chas. F. Ayer. Boston; H. A. Bishop, Bridgeport, Conn.; E. D.Stairs.
Detroit; Ing. Isodoro Diaz Lombardo, Sr. Lie Manuel Calcro. Col. S. Garcl,
Cuellar. Mexico C ity Geo. H. Ross, Chicago: Philip H. McMillan, Detroit.
Gen. office, Kan. City, Mo. N. Y. office. Singer Bldg.— (V. 91, p. U46.)
KANSAS CITY O U T E R B E L T & E L E C T R I C RR — Incorporated July 18
1902 In Kansas to construct a belt line connecting the lines of the Kan. City
Mex. & Or. R y. west of Kansas City, Kan., with all tho other lines entering
Kansas City, Kan., and Kansas City, Mo., main line (double track) being
about 8 miles In length. Gauge, standard
The K. C. M. & O^R y. will
lease the property on completion at rental of $50,000 per annum for the
first 10 years, Increasing $10,000 for each 10-year period until tho maxi
mum of $100,000 Is reached. The road will be operated by Its own organ
ization. V, 75, p. 184; V. 76, p. 331; V. 80, p. 871.
STOCK AND BONDS.— Stock auth. and Issued, $2,500,000 com. and
$2,500,000 4% non-cum. pref.; par $100. Stock will be held in voting
trust until full dividend shall have been paid on the pref. stock for 5 con
secutive years. Bonds, auth. Issue. $3,000,000 (see table above); outstand
ing, $2,000,000. U. S. & Mex. Trust Co., Kansas City, Mo..trustee
OFFICERS.— Pres., A. E. Stilwell, N Y.; Vlc^Pres. and Man., E.
Dickinson; Sec and Treas., E. E. Holmes; Chief Engineer, W. W. Colpltts,
Kansas City, Mo. Office, Kansas City, Kan.— (V. 80, p. 871, 2399.)
KANSAS C1TV SOUTHERN RY.— (See M ap.)— Operates a line extend
ing from Kansas City. Mo.Tto Port Arthur. Tex., thence by its ship canal,
7 miles?to deep water on the Gulf of Mexico, with branches and extensive
terminals used by various roads entering Kansas City.
Miles.
Lines Owned—
Miles. \ Lines Owned.
Kansas City, Mo., to Belt June. 12 1Branches to Fort Smith. De
Grand View, Mo., to Port Arthur,
Quincy, La., e- -t c- .- -—
- - - - - - - - “ .J
T ex
765[Trackage—To Grand View, M o.T : ; aV .................................
.................................................839
Also owns'entfre $650,000‘ each of stock and bonds of Arkansas Western
R y.. Waldron to Heavener, Ark., 32 miles, operated separately; also con
trols K. C. Shreve. & Gulf Terminal Co. V. 83, p. 38. 492.
ORGANIZATION.— A reorganization of Kan O.Pitts. & Gulf RR .. fore
closed In 1900 per plan V. 69, p. 1012, 1062. V. 73, p. 1356, V. 74. p.94.
The voting trust having expired April 1 1905, a new management was
plected In Mav 1905. V. 80. D. 1971; V. 81, p. 559; V. 84, p. 1366. in
1909 contracts were made for Interchange of freight with the Harrlman lines.
V. 88, p. 375. Common stock, $30,000,000; par, $100.
SECURITIES.—The $21,000,000 “ ref. and Imp.” bonds dated 1009
hpflr not over 5% Interest of which $10 ,000 ,000 , underwritten by a synd fm e , have been sold"to provide tor the $5,100 000 5 % notes called for
payment on July 1 1909 and various
,? n^l0thTle rf nT v n(| S,J «7 d
for future use. V 88. p. 1128, 1253, 1437; V. 89, p. 104; V. 90. p. 167.
DIVIDENDS.— First dlv. on pref. 8tock.' f % ’.P/alJ1riJuT1^ 1 1907 out oI
earns, for 1906-07; Oct., 1%; 1908 to Jan. 1011. 4% (Q.-J.).
LATEST EARNINGS.- { 1 9 1 0 -------- Gross, *4.465.784, not. *1.711.24°
5 m os.?Julv Vo Nov. 30 .Vl909 : :::: :G r o s s . a .s e o .m ;; n t.. ----------REPORT for 1909-10 at length was I n V - M . P- 1908-09.
1907-08.^
Total gross receipts____________
$9,594,652 $8,771,965 $8,757,918
5,760,259
5,350,056
Operating expenses------------------------ 6,268,o85
2,997,659
3,421,909
Net earnings---------- ----------- - ..........- 3,326,067
3,132,268
3,519,722
Total net Income----------------------------- 3 >^2°.o20
283,138
322,279
T ax es-------------------------------------------343,773
1,225,053
1,221,600
Interest on bonds, &c______________
1,266,462
10,805
99,187
Miscellaneous_____________________
318,864
840,000
840,000
Dividend on preferred stock (4 % )—
840,000
Balance, surplus_________________
$651,421 $1,036,655
$773,272
DIRECTORS.—Chairman. L. F. Loree; Pres., J. A Edson, Hermann
Slelcken, J. A. Blair. W . T. Rosen. D. G. Boissevaln. Andrew J. Minor.
W. G. Street, W. H. Williams and E. R. Bacon of New Y ork ; John J.
Mitchell of Chicago: S. W . Fordyce and Adolphus Busch ° f St. Louis.
G. M. Craig. Port Arthur. Tex.; W . F. Harrlty. Phlla.. Pa.: Secretary is
G. C. Hand. Office, 25 Broad St., N. Y .— (V. 90, p. 167: V. 91, p. 940, 963.
KANSAS CITY TERMINAL RY.—To own a union passenger depot
and freight and passenger terminals at Kansas City, Mo., with approaches,
to be controlled by 12 proprietary cos., viz.: Chic. R . I. & Pac., Atch. lo p .
& Santa Fe, Chicago Milwaukee & St. Paul, Chicago & Alton, St. Louis «
San Francisco, Union Pacific, Wabash, Chicago Burl. & Quincy, Mo. Pac.,
Missouri Kan. & Texas. Kansas City Southern and Chic. Gt. Western, wmeu
will pay equally any excess of fixed charges. V. 89, p 1671. Construction
begun about Mch. 1 1910. Incorp. July 11 1906. Stock auth., $o 0 .000 -000; outstanding, $1,200,000. On Mch. 1 1910 acquired Kansas City Belt
Ry. by deed; also purchased stock of the present Union Depot Co., to cost
about $30,000,000. and to be completed by 1913. V. 89, p. 666, 163, V. uu
D.
627, 698; V. 91, p. 1386.
. „
Of the 1st 4Hs ($50,000,000 auth. Issue). $20,094,000 have been sold.
$2,500,000 arc reserved to retire Kansas City Belt bonds anil $27,408buuo
for additions and Improvements .T ho bonds are redeemable as a wnoio
RAILROAD COMPANIES
[For abbreviations, &c., see notes on first page]
Miles Dale
Road Bonds
Par
Value
Amount
Outstanding
Rate
%
When
Payable
Last Dividend Places Wtiere Interest and
and Maturity
Dividends are Pagahle
Burll ngton & Quine 7.
Kansas City Shrovep & Qulf Terminal— 1st M red 105
____
1897
$500
$150,000
4
F
& A
Kansas City, Mo
Kansas City Term Ry— 1st M red text___ ICxc*&r*
____
1910 1,000 &c 20,094,000
4 g ,T & J
K C Celt 1st M ($534,000 guar KCFS&M) ..B B .c
10 1886
1,000
2,500,000
6
J & J
Kansas City Viaduct & Term— 1st M g s f(text) S.c*&t
1905
1,000
3,302,000
J & J Sept 1 1934
Kansas & Colorado Pacific— See Missouri Pacific Ky
Ken & I Term RR— Ken & I 13 1st M g to be pd Mch 1
____
1881
250 &c
1,000,000
M & R March 1911
5
g
Ky <4 IndTerin £2,000,000 guar (sec text).S.xc*& r
—
1911
£100 £1,031,000
4 ^ g J & J Jan 1 1961
Keokuk & Dcs Moines—Preferred stock __ ...............
162 ______
100
1,524,600 See text See text Apr 1 1910 2J4
First mortgage Interest guaranteed C R I & P ___ c*
162 1878
100 &c 2,750,000
5
A & O Oct 11923 "
do
do
Keokuk & Hamilton Bridge— First mortgage---------- c
—
1869
1,000
1,000,000
8
A & O Apr 11899
As earned
Kewaunee Qrcen Bay & Western— First mortgag
37 1891
1,000
408,000
5
J & D June 1 1921
Kingston & Pembroke— First mortgage gold__
113 1882
1,000
572,000
& J Jan 1 1912
3g J
Knoxville & Ohio—See Southern Ry
Laclede Dallas & West— 1st M red 105 aft Apr 1920..
\
1910
V 90, pl239
6
O Apr 1 1940
Lake Erie & Detroit River— See Pere Marquette R R .
Lake Erie & Western—Common stock $20,000 p m _.
711
100 11,840,000
Preferred stock 0 % (not cum) ($20,000 per mile)__
711 ______
100 11,840,000 See text J & J Jan 15 1908 1% 1
First mortgage ($10,000 per mile) gold_______ Ce.c*
711 1887
1,000
7,250,000
5 g ,T & J Jan 1 1937
Second mtgc for $3,625,000 ($5,000 p m) gold..C e.c
711 1891
1,000
3,625,000
,T & J July 1 1941
5 g
do
do
Lake Shore & Michigan Southern—Stock__________
____
______
100 z49.466,500 18Inl9l0 ,T & J Jan 28 ’ l l , 6%
Guaranteed 10 % stock (Michigan South & Nor Ind)
____
______
100
533,500 18inl910 F & A Feb 1 |’l i . 6%
First mortgage $50,000,000 gold________ Usc*&r 1.000 1897 1,000 &c 50,000,000
3H g ,T & D June 1 1997
Bonds (not mortgage) $50,000,000 gold__ G c*&r
____
1903 1,000 &c 50,000,000
M & S Sept 1 1928
4g
do
$50,000,000 g o ld __Gxc*&r
do
____
1906 1,000 &c 44.453,000
M & N May 1 1931
4g
Kalamazoo & White Pigeon first mtge assum Un c
37 1890
1,000
400,000
5
& J Jan 1 1940
J
do
do
Guaranteed Securities—
Battle Cr & Stur 1st M gold guar p & 1 (see M Cent)
41 1889
1,000
79,000
3 S T & D Dec 11989
Sturgis Goshen & St Louis 1st M gold p & |guar____
29 1889
1.000
322,000
3g
T & D Dec 11989
Kalamazoo Allegan & Gr Rapids stock rental guar
58 ______
100
610,000
5.95 A & O Oct 1910
First mortgage guaranteed.....................
{jn c
58 1888
1,000
840,000
5
J & J July 1 1938
Eric & Kalamazoo (leased) stock Toledo to Palmyra
26 - ____
50
300,000
10
F & A Feb 1911 5% I
Jamestown Franklin & Clearfield stk rental guar.
____
______
100 2,994,550
5
Jan 1 ’ l l 1 Ji% C
1st M $25,000,000 auth guar_________ a .x c ’ &r*
—
1909 1,000 &c 11,000,000
T & D June 1 1959
4
g
do
do
Lake Shore System— Mahoning Coal RR— Stock.........
71 —
50
1,500,000 See text. F & A Feb 1 ' l l 5% C
Preferred stock (see text)...........................
71 --------50
661,367
5
J & J Jan 3 ’ 11 2 « % l
First M Youngs to And &cguarp & I (end)“ ” u"n’.c
71 1884
1,000
1,500,000
0
J & J July 1 1934
do
do
z New York Central holds $45,289,200 of this.
■oan. i hmu or any interest date thereafter at 105 and lilt. V. 90 n 627
V. 00, p. 589; V. 91, p. 1380. Pres., W. S. Kinncar; Sec., C. C.’ Ripley:
E F. Swlnney.— (V. 91. p. 518, 589, 1025, 1380.)
1 y
KANSAS Cl I Y VIADUCT «& TERMINAL RY.— Company owns and
operates ail elevated railway and highway viaduct from Bluff and 6th Sts.,
Kansas City, Mo., to Minnesota Ave. and 4th St., Kansas City, Kan. A
branch viaduct, H mile in length, connects the main structure, and thereby
the two cities, with the lnterlylng railroad and manufacturing districts.
Main structure completed l'eb. 1907, 1.6 miles, minimum width of 60 feet'
material, steel and concrete. See V. 82. p. 160; V. 84 p 271 931
’
STOCK.—Stock outstanding, $3,447,700 (par $100);'majority is depos
ited *n a voting trust for 3 years. Voting trustees, Harvey E. Fisk. John
P. Reynolds, Francis S. Eaton.
BONDS.— 1st M. 4 ^ % bonds auth., $3,500,000; outstanding, $3,302 000. July 1909 to Jan. 1911 coupons funded into cumulative income bonds
net Income to be paid bondholders to liquidate same. V 90 p 110 1
Protective Committee — In Jan. 1911 over 75% of the 1st 4&s and Income
bonds had been deposited with a committee (Richard C. Story of Boston
Chairman; Standard Trust Co. of N. Y., depositary), under an agreement
in force until Jan. 1 1916, unless sooner terminated by the committee or by
written direction of two-thirds In amount of the certfs. after Jan. 1 1914 .
No sale at less than 85% of the bonds, or exchange for other securities,
^hall be made without the consent of 51% in Interest of the depositors.
V.
p. lo7.
rreaa..,
Louis vlUe^Vy6, a n ^ N e w A l^ L ^ v l l l e 'a n d ^ m l k s T f 3ralkoad'between
LA KE SHORE & MICHIGAN SOUTHERN R Y . — (See Maps New York
C-e£t\aL\i~Operates from Buffalo to Chicago with branches. The main line
o37) miles) Includes 26 miles between Toledo and Palmyra. Mich under
ease from the Eric & Kalamazoo; 533 miles has double track).
’
Road
Miles.
non* owned directly.
Leased (*see this Co.)
Miles
Buffalo, N. Y ., to Chicago, III__ 537 Kalamazoo A. & G. R ...............
58
Sundry branches_______________ 3 3 4 Jamestown Franklin & Clearf’d ►124
Entire stock owned.
Mahoning Coal R R _________
79
Detroit & Chicago________ _
25 Erie & Kalamazoo (26 miles) " T e x t .
Detroit Monroe <& Toledo............... 51 Detroit
Hillsdale & S W .
*65
Kalamazoo & White P ig e o n ___ 37 Fort Wayne & Jackson...........I *98
Northern Central Michigan............. 61 DetroitToledo & Milwaukee__
67
ikhart &w^ston..:::::::::: ?IJ
887
Grand total oper. Jan. 1 1910 (of which owned. 1.087 miles!
N' Y XChlc' * St’ LouIs R R - ^ 3 still another line from
D u n k l?k !°N C;Y ^ l l o T I t ^ s v i n e ^ P a . ? ^ 11m
i l ^ ^ a
V^ Z i & P lttSbU rgh’
Controls Chicago Indiana & Southern R R ., which see. ‘
s i ? I’>\<nA?nnZ/)TiION’ fl0’,- ,A consolidation on Aug. 16 1869. In 1898-99
$45,(.89,200 of the capital stock was purchased by the N. Y. O & H r
^ • . whlcli gave In exchange Its 3 34% bonds at the rate of $200 In bond,
tor $100 In stock. V. 66. p. 288; V. 69, p, 1237,
oon o.
New York Chicago & St. Louis road has been controlled by ownership of
*R0? 7 i-8doo° f1!8*82, La^e Shore now owning $6,240,000 of Its common!
$6,27o,000 of Its second preferred and $2,503,000 of Its first preferred stock
The company also controls and leases the Mahoning Coal R R . (see Lake
* 7°Kf?n ihyn8t£!?f d,,cl0i!),arJd ,o w" s (besides entire stock of proprietary lines)
$7,500,lo0 Pittsburgh & Lake Erie stock; $30,207,700 of the $50 000 000
*MVKinCnno Ch Cago & SV 1x51118 common stock; also $5,940*000 o f ’ the
$11,840,000 common and $5,930,000 of the $11,840 000 Lake Erie *
Western preferred. V. 71. p. 1289; V. 72, p. 870- V 82 p 749 >
*
Mch. 1910 acquired nearlv all the stock of the Toledo &‘ oiiIo Central
(f^l “ hes) which had been held In the Interest of the Hocking Valley and
owns all the bonds and stock of Zanesville & Western (89 miles) and jointly
(177 m Y le s '^ T f o ? p % ^
& Michigan
more
h lo 'aand
n d ^Chic.
h ic^ in
d & Louisv. own the Co?3
Southern^Ry",
more ^fioOOhio
Ind.
$75,000
capital stock' iruu
andunder new lease for 99 years from June 1 1910 pay monthly, in proportion
MnmnrSt,handlctiE any deficit In operations, rentals, taxes and Interest.
Name changed from Ky. & Ind. Bridge & R R . in Dec. 1910.
in July 1910 arrangements were made to build a new double-track K. & I
bridge. A mtge. has been made to the Standard Trust Co., N. Y.. trustee’
to secure £2,000,000 bonds, of which £1,031,000, guaranteed by the 3
proprietary companies, have been sold to retire the £1,000.000 bonds due
»
ijjto n 1911, and for the new construction, the remainder being reserved t h « f s “y
Purposes. I he present single-track bridge to be used during two
berng°helSd Cb y <ther B a {tlm o re & Ohl’o ? 2 ’v ! <8o!)™.mi8568t00'£’ ' h ° ° t b * h t i t
yeS' AHw iM r c 1011’11, V - 02>p ■ 187; V. 91, p. 589. 214, 38; V. 90, p. 1676
yuaruudlng June 30 1909, gross, $237,593; deficit
m“ de,F i t ' ura ?es;|* 0•• S23(),243. Pres., Alex. P. Humphrey; See. and V L7'I! p. S48O.CllS00Oi; V ra^ p S S S S T v ? ? * . V . 749°’ V ’ ® ° ’ P’ 7° 8’ 866 a,S0
Treas., II. W. liazlltt; Gen. Man., W. At. Mitchell.— (V. 92 , p. 118, 187.)
\ ’08> ’00 t o ’ 03. ’04. ’05. ’06. ’07. '08. ’09. '19 1911
8 12 14 12 18 Jan 6
KEOKUK & DES MOINES RY. — Owns from Keokuk. Ia., to Des Since 1897, % ._ _ / 034 7 yearly. 8 8
o * ' , ? miles. leased for 45 years from October 1 1878 to the
In 1910, Jan. and July, 6% ; Mch. 30, 6% extra. V. 90 n 627
’
Chicago Rock Island & Pacific Ry. The lessee pays 25% of the gross
f.50'000’000
mtge.
of
1897,
see
abstract
In V. eV p 1182 and
earnings but guarantees the Interest (not the principal) on the bonds,
btock is 51.024,000 preferred and 52,600,400 common (par, 5100), a
majority of which is held by the lessee. Pref. entitled to dlvs. up to 8% If
earned and to share with common stock In any excess over 8% .
DIVIDENDS.— 1’ 99. ’00. ’01. ’ 02. ’03. ’04. ’05-’ 07. ’ 08. 1909. 1910.
On preferred. %
)X
u
1
1
2 1 ^ None. 1 H Mav. 1 Ap,2 34
Rental: In 1908-09, $154,332; In 1907-08, $141,011; In 1906-07. $138?
965; In 1905-06, $137,500 (bond Interest).— (V. 88, p. 944; V. 90 p 698 )
Jamestown Franklin & Clearlleld 4% bonds recelverl fn r Y r t,7 ^ „ ;’i,00’° 00
KEOKUK & HAMILTON BRIDGE CO.— Owns bridge across MIssissinnl
River at Keokuk, la., for railroads and footpassengers. The present'ten
ants arc the Toledo Peoria & Western and the Wabash. n?gardfng Cuar1010 sold In p ^rls 58,500,000 of 4% notes maturing March 15
anty, see V. 59, p. 969. V. 72, p. 821. Stock? $ 1 000 00T
sf oo
f t s s a . 11" "
p
4 0110 ccntral ,n J “ “ “ K m to
Coupons are In default, but mortgage has never tieeii foreclosed, and ovc?-'
? d r o r i M “& r f a w " ' ‘ '
paw. 2„ „ to i,*n,N o L »
f!V.’S,n .T 58fe/ -
I f/N c i
f e *
Tre“ KLONDIKE MINES RY.^—Dawson City to Sulphur Snrlmrs n u miles
completed Jan. 1907; projected from Sulphur Springs to the Stew-irt iDver’
60 miles. Stock authorized, $2,500,000; outstanding, $943 000 The Daw
son Grand Forks & Stewart River Ry. Corp., Ltd., owns all the stock and
bonds. V. 82 . p. 509. Bonds, see table above. V 81 n 72 v V 8 ft n
857. Pres , II. B. McGlverin; 19 Elgin St.. Ottawa, Can — (V 86 ’ p 857 ) P‘
KINGSTON & PEMBROKE R Y .—See page 170.
'
'
LAKE ER IE & WESTERN R R .— ROAD.— Owns Sandusky O to
Peoria. 111., 413 miles; branch to Minster, 10 miles; branch Indlananoll’s to
Michigan City, 159 miles; Fort Wayne to Connersvllle and branch to*Rushvllle, 129 miles; total owned, 711 miles; leases Northern Ohio RR Akron
to Delphos. 162 miles; trackage, 13 miles; total operated 886 miles’
HISTORY, * 0 .— Formed In 1887 after foreclosure of the Lako'Erle &
Western Railway. (See V. 50, p. 590; V. 85. p. 600.) In 1899 control
i to tlie Vanderbilts, and on Jan. 1 1910 the Lake Shore & Michigan
. owned $5,940,000 com. and $5,930,000 pref. stock. V 71 n 1269
DIVS.— 1 ’92-’ 98. ’Of). ’00. ’01-’03. ’04. ’05. ’ 06. ’07. ’08
’09 ’ 10
Onjpreferrcd./ 5 y ’ly
o
•> a y ’ly.
a
a
1
o
.
B
088
259
„
1909.
1908.
Oper. revenue.$5,043,990$!,301,158
Oper. Incom e.. 966,123
700,705
Net income----- 1,060,027
588,948
R e n t a ls ....----- 125,000
125,000
1900.
Hire equip., &c. $135,095
Int.on bds., (Sm 555,080
other Interest._ 103,376
Add’ns&bctt’ ts .
50,905
1908.
$71,208
561,538
71,642
...
ou
„„
Bal., sur.or def.surOl,105def240,440
-(V . 87, p. 1004, V. 88, p. 231,748, 879; V. 90, p. 692; V. 91, p. 1025.)
t
— Additional guaranties not shown above see Chicago
Indiana & Southern. Detroit Hillsdale & S. W. and Ft. VVayn'e & Jacksoi
EARNINGS.— 11 m os.,/1910____ Gross, $45,315,875- net $13 622 880
Jan 1 to Nov. 30.
(l9 0 9 ........Gross,’ 41,131.528;’ net, 15.731 ,’098
<11 Tin •Tn?8;
Sept. 30 1910, net after taxes, $10,052 357 against
$11,130,308 in 1909; other income, $6,928,179; deductions 86 626 '7as6/0 extra dlv. paid Mch. 30 1910 and seml-ann. dlv. 6 % paid July ’ 29 1910 ’
both amounted to $5,935,980; bal., surp., $4,417;813? V 91?p. 1766. ° ’
ANNUAL REPORT for 1909 at length was In V. 90, p. 691 707
....year ending Dec. Z\—
1909 .
1908?
Inc or Dec
Miles operated....................................
i >663
1.511
% 152°
Railroad revenue. ------------$45,110,997 $39,066,942 -f $6 044 055
Operating income (after taxes.......... 15,549,524 12,418,980 + 3 130 544
Other income...........................
6,486,887
5,097,081 — 1 389 806
Gross corp. Income............................. $22,036,411 $17,516,061 + $4,520,350
Rentals of leased lines...................... $1,858,691 $1.100 382
+ $758,309
Interest on bonds, &c...................... 5,995,182
6,099!416
— 104,234
Hire equipment, including Interest.
581,952
890 425
— 308,473
Other rents and miscellaneous____
619,017
252’ 049
+ 366,968
Dividends on guaranteed stock___
64,020
64*020
Additions and betterments............... 1,263,186
1,433’ 568
-170,382
Dividends on common stock, 12% . 5,935,980
5.935’980
Balance, surplus_______ ________ $5,718,382 $1 740 220 -4- s i 07 s i« »
— (V. 90, p. 167, 230, 303, 027, 6 9 1 , 7 0 7 , 771, 849, 1045' V 91 p i766') ° 2
LAKE SHORE SYSTEM — MAHONINO COAL R R — Owns from
Youngstown to Andover, O.. and branches, 71 miles. In Dec 1907 nuT
chased a one-halt Interest In the Lake Erie Youngstown & Southern anH
Lake Erie & Eastern railroads, building a belt andTwItching line from
Girard to Struthers, reaching factories In Youngstown, 0.7 and vicinity1
Leased in perpetuity for 40% of gross earnings to Lake Shore which
Jan. 1 1910 owned $865,900 common and $399,500 preferred stock!
“
RAILROAD COMPANIES
[For abbreviations, &c., see notes on first page]
Lake Tahoe Ry & Tr Co— 1st M g $500,000 s t beg 1005
Lancaster Oxford & Southern— 1st M $200,000 gold-Lansing Manufacturers— 1st M serial Interest rental..
Laramie Hahn’ s P & Pac— 1st M $8,000 per m g .AB.c*
First ref M $1,800,000 gold sink fund red 1 1 5 -Q .c '
General mortgage $10,000,000 authorized.............
Five-year coupon notes $450,000 authorized----- G
Five-year coupon notes g red 102^ after Jan. 11 -c*
Leavenworth Terminal Ry & Bridge— 1st M g s f..C e
Lehigh & Hudson River— 1st M gold lnt red to 5% -C e
Second mortgage gold...............................
Warwick Valley first mortgage extended In 1300.
Second mortgage.............................................- - - .
Leh A Hud Hlv gen M $3,000,000 g (see text) -Ce.c*
Debentures $400,000 redeem 105 after Nov 1011 —
Equip trust certs gold due $40,000 yearly----- PeP.c
Lehigh & New England— 1st M $1,000,000 gold-.F P
Northampton 1st M g $300,000 guar red 105-FP.c*
Lehigh A Delaware first gen mtge redeemable at 105
Consolidated mortgage $3,000,000 gold call at 105..
General mtge $7,500,000 gold red 102>i..GuPc*
Equip tr ser A g g u red 102 H due $30,000 yrly.GuP
Preferred stock 10% (V. 70, p. 15 1,26 9)---------- GP
Consolidated M)coupon A reg $4 ,762,000 4 M s-cArl
$40,000,000 J.annuity $2,538,000 are 4>$s--FPJ
Equipment trustsgold Series H, due $90,000 yearly
do
gold Ser I, due $400,000 yrty (V85,p4l2)
do
gold, duo $250,000 s-a Series J-.U sm .c*
Bonds of Controlled Properties—
Lehigh
Middlesex Valley first mtge $600,000 gold----C e.o*
Rate
%
When
Payable
Last Dividend Places Where Interest and
Dividends are Payable
and Maturity
Par
Value
Amount
Outstanding
1001
1905
1905
1904
1907
1909
1910
1910
1893
1881
1887
1879
1881
1890
1907
1906
1895
1902
1904
1903
1908
1908
$1,000
100 &c
1,000
1,000
1,000
1895
11
283 1890
1907
31 1891
60 1880
12 1895
22 1892
1888
1,000
1,000
Merc Trust Co. San Fran
$300,000
A A O Oct 1 1931
5g
Oct ’ 10 coup not paid
200,000
A A o Apr 1 1935
5g
75,000
5 g J A .1 July 1 1915-30 Union Trust Co, Detroit
Amer Loan A Tr Co, Bost
240,000
6 g J A J July 1 1929
LBarnumACo.NYALosA
750,000
A & () Oct 1 1932
6g
5
J A D 15
See text
450 000
7
J A J
United States Tr Co, Bos
7
See text
J A J 15 Jan 15 1915
Central Trust Co, N Y
600,000
5 g ,r A .T Jan 1 1923
1Irving Nat Exch Bank
800,000
5 g .1 A J July 1 1911
| N Y , and First Nat
164,000
5 g J A J July 1 1917
) Bank, Warwick, N Y
145,000
4H
A A O July 1 1911
6
240,000
A A O Apr 1 1912
1,320,000
5 g J A .1 July 1 1920
Irving Nat Exch Bk. N Y
4
400,000
M A N July 1 1920
Philadelphia
200,000
4H g J A 1) Dec 1 ’ l l - ’ 10
437 Chestnut St, Phlla
A
July
1
1945
1,000,000
J
J
5g
do
do
300,000
5 g .1 A J Jari 1 1952
do
do
5
650,000
J A J July 1 1954
do
do
A
Oct
1
1953
O
A
1,380,000
5g
do
do
A A O April 1 1958
850,000
4g
390,000
4H f? J A D To June 1 1923 Guar Tr & S D Co, Phlla
60,501,700 See text J A J Jan 14 ’ l l 5% Checks mailed
106,300
10
J A J Jan 14 ’l l 5%
Office*!*228 So 3d St, Phil
5,000,000
4g
J A D June 1 1948
do
do
10,400,000 4 H * 6 J A D Deo 11923
do
do
12,600,000 4H & 6 J A I) Irredeemable
JPM
organA
C
o.N
Y A Phil
May
1
2003
M A N
26,639,000
4g
do
do
F A A Aug ’ ll-F eb ’ 26
15,000,000
4g
F A A To Feb 1 1913
In treasury
4g
M A S To Sept 1 1916
In treasury
4g
4>4 g M A S M ch 'll-S ep t’ 17 Philadelphia
3,5o0,000
JPMorganACo.NYA Phil'
M A S Sept 1 1945
4g
2.000,000
do
do
15,000,000
AH g J & J July 1 1940
3,000,000
AH g M & S Mar 1 1957
JPMorganACo.NY
A Phil
Oct
1
1941
A
o
10,000.000
5g A
Office. 228 So 3d St, Phil
M A N May 1 1920
5
$6,000,000
do
do
51,000
AH g M A N Nov 1 1935
Philadelphia
M A N Nov 1 1942
211,000
5g
Lehigh Valley R R , Phlla
8,500,000 4. 4 H, 5 A A O Apr 1 1939
Date
Road Bonds
16
28
5
40
3
42
63
15
22
63
All
20
27
All
All
101
J
4611
834
_
100 &c
1,000
1,000
1,000
500 Ac
500 Ac
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
50
50
1868
1,000
1,000
1873
1,000
1873
1903 1,000 Ac
1,000
1905
1,000
1905
1,000
1006
1,000
1907
1,000
$1,000
500 Ac
1,000
1,000
DIVS.—
------------------------------- ,
_
.
m vs—
1 ’ 9 1 . ’ 9 2 . ’ 93. ’94. ’95 to Aug.’08. ’07 t o ’ 09. 1010. 1911.
None.
1
4
4 0 yearly. Jan.,.>
On common 4M 8H 8
8
10 yearly.
12 yearly. Below. Feb., 5 SInce’87, % .j 5 yearly. 5)4 4
BONDS.—The gen. consol, mtge. of 1903 will secure $150,000,000 bonds
In 1910 on common, Feb., 6% and 50% extra; Aug., 10%.
.
The preferred stock certl 11cates are 5% guaranteed and contain a clause bearing not to exceed 5% lnt., covering the entire road, the stock of the
making them redeemable at par at option of company.
.
Lehigh Valley Coal Co. and other stocks owned. Of the bonds, $10,000,000
Year ending Dec. 31 1909, rentaland otherlncome, $1,246,377, surplus were Issuable at once, $10,000,000 were reserved to retire car trusts ana
wr
Interest
and
62%
on
com.
and
5%
on
pref.,
$206.705.—
(V.
90.
p.236.)
coal-purchase bonds, $96,000,000 to retire at or before maturity outstanding
over
pref.
fixed obligations amounting to $94,130,000 (tncl. the coll, trust bonds, and
LANCASTER OXFORD & SOUTHERN RR.— See page 170.
$2,000,000 coal trust ctfs. of 1902, which were called for payment), on pay
i a p \m IP HAHN’ S PEAK & PACIFIC RY.— Owns from Laramle.Wyo., ment of which the general consols will be a first lien on all the property or
to Foxpark, Wyo . 55 miles
Extension.under constructionJn Sept. 1910 the system, except as to $12,600,000 annuity bonds, which are u perpetual
frorn^
Fox park to
Hebron, Colo., 54.......
m. *v- Also proposed
North Park to charge; the remaining $34,000,000 were Issuable at not exceeding $2,000,OUO
irum
ruAiraii
iu
nnn non from
mmmnn
stenml>nat
Snrlntrs
Colo. Stock auth.,
$9,000,000
common, all OUt- a year, orsuch larger amts, as may be auth. by stockholders, beginning Jan.
standing; pref. 6% non-cum., $ 1,000 ,000 ; outstanding Sept. 1910, $126,000; 1906, for acquisitions, terminals, coal properties, equipment, « c . uia
par of shares, $10. (See V. 77, p. 82*L)
bonds may, however, be extended If necessary for not over two years.
in 1909 a 50-vear gen. mtge. for $ 10,000,000 was auth. to refund prior Provision may be made at the time of Issue of bonds thereunder for the right
bonds extend and double-track the road and for further improvements and to convert Into stock at the pleasure of the holder not over S2“ *u9 0*u°u at
extensions
There have also been sold $450,000 5-ycar 7% coupon notes any one time. V. 77. p. 824; V. 78. p. 287; V. 79, p 1642; V. 82. p. 1380,
dated Ian' 1 1910 secured by $900,000 gen. M. bonds; also $1,000,000 5
86, p. 1343; V. 88. p. 1372. .See property covered Ini V. 81, p. 211.
vear*7 % coupon notes, dated June 15 1910, had been underwritten to antlcl- V.The
purchase of the stock of Coxe Bros. & Co. ( 52 ,910 , 150) and of the
nate
moneys «from sale of
$9 ,x100,000
M. bonds
91. Delaware Susquehanna A Schuyklll R R . ($1,500,000) in Oct.
pate moneys
6sSf
seegen.
v 85>
1646. under
v . 88#contract,
p 1001- V.
Prcs
financed by an Issue of $ 19 ,000,000 coll, trust 4% bonds, to be retired by
Fred A Miller, Laramie, W yo.— (V. 88, p. 1061; V. 91, p. 1574, 1766.)
$500,000 semi-annual Installments beginning Aug. 1907 and secured by
LEAVENWORTH TERMINAL RAILW AY & BRIDGE. — Owned high deposit of those stocks. The bonds are subject to call as a whole at 102 H
way and railroad bridge (opened Jan. 1’94) ,1,110 ft. long, over Missouri River beginning Aug. 1 1912, or In the order of serial number-!. V. 81. p. 1170
at Leavenworth, Kan., and valuable terminal property in that city. In 1242, 1376; V. 82, p. 100; V. 83, p. 702; V. 84, p. 1428; V. 88, p. 452.
Julv 1910 the Chicago Great Western acquired the entire stock, but does
GUARANTIES— Lehigh Vat. Rail Way Co. of N. Y.— Owned Buffalo,
not guarantee or assume bonds. V. 91, p. 214, 397. Kansas City St. N Y to near Sayre, Pa., 175 in. double track, and branches to Ithaca, AuJoseph A C. B. (Chicago B. A Q.) and Chic. R. I. & P. use the bridge at an hurnA c 100 m.-In all 281 m., covered by $15,000,000 mtge. of 1890, but In
annual rental of $16,000 each, under a 30-year contract from 1894. For 1903’anci’ 1905 consolidated with other sub. cos. and In 1007 absorbed the
vear 1908-09, gross, $54,685; net, $19,675; int. A taxes, $38,371; bal.,def. Lehigh & Lake Erie; total mileage now Is 501 miles. Stock, $13,543,000,
$18,696. Stock, $600,000.— (V. 89, p. 1597; V. 91, p. 214, 397.)
all owned by Lehigh Valley RR. -Mortgage abstract, V . 51, p. 114, V. 77.
147 972- V 81. D. 784; V. 83, p. 38; V. 84, p. 130b.
•
LEHIGH & HUDSON RIVER R Y . — Owns from Maybrook on Central
Tphloh Valiev Terminal Railway•— Owned double-track road frum South
New England Ry. to Belvldere, N. J., on the Penn. R R ., 75 miles; track
age, S. E. & P. R R ., Phllllspburg to Easton, 1 m.; trackage, Penn. R R ., PlahUleldyN^T, to7er^ey Cltv. with about 125 a°res at Jersey CRy and a
Belvldere to Phllllpsburg, 13 m.; Ont. & West., Burnslae to Campbell large water front, Ac. Total mileage, 110 m ^ ot c’ in Ksn’- v ' »i
Hall, 2 m.; D. L. & W .. trackage, Andover Jet. to Port Morris, N. J., 8 m.; owned by Lehigh Valley RR. V. 77. p. 972, V. .>3, p. 640, 880, V. 81,
total operated, 99 miles. V. 79, p. 269. Stock, $1,340,000; par, $100.
P ' Morris "Canal.'—
*"
Lease<1 for 999 years and dividends guaranteed, Bonds
BONDS.— Of the $1,320,000 gen. mtge. bonds out, $1,062,000 are guar. all owned by Lehigh Valley. See V. 50, p. 137.
Jointly p. and I. by the Central fiR . of N. J. and Leh. Coal A Nav. Co. An
Penn. A N . Y. Canal * RR.— Leased for 99 years from Dec. 1 1888 to
additional $1,350,000 are reserved to take up prior liens and $330,000 for Lehigh Valley, which has assumed Its debt and owns all Its stock. Consols
I . y
.Y’
non A
. 4*1
Knnf\r\I\4AtHs.
/a \
T 62, p.
M Oli O
extensions or acquisitions cf connecting roads. In May 1908 permission .Include $4,000,000
5s, $3,000,000
4s,
$1,500,000
V.
950.
was given to Issue $270,000 additional bonds, but none were Issued to
Consolidated Real Estate Co.— See V. 78. y. 1223; V. 79, p. 1271, V. 83.
Dec 1910. V. 86, p. 1285. See form of guaranty. Ac.. In V. 67. p. 788: p. 702. To June 30 1910 none had been sold.
also V. 85, p. 1513. Equlpt. trust 4 tis, V. 83, p. 96. Locomotive rental
Seneca County Ry., $500,000 guaranteed bonds; none sold June jo
notes June 30 1910, $97,363; loans and bills payable, $291,000.
ceErte’ jf . ($3,00*0,000) covers 11 m. double-track terminal road
EARNINGS.— 3 mos.,|1910.................. Gross, $325,519; net. $115,788
J u l y 1 to Sept. 30.
(1909__________ Gross, 334,217; net, 110,909
at Buffalo. V. 81, p. 211; V. 83, p. 702. Leased for 999 years, v . 84,
Surplus after charges, $42,183, against $29,075 In 1909.
p. 1248; V. 85, p. 412; V. 87, p. 817, 818.
GENERAL FINANCES.— In 1910 shareholders subscribed for $20.lim,ANNUAL REPORT.— For years ending June 30, V. 91, p. 1763.
Year ending June 30— Gross.
Net.
lnt.. Taxes, &c. Bal.,sur 900 stock at par. See STOCK above. In Jan. 1911 dividend rate was in
1009-10 _______________ $1,440,034
$550,032
$305,460
$245,172 creased from 6 to 10%.
382.060
302.260
80.400
1908-09________ ________ 1,251,310
EARNINGS.— 0 m os.JlOlO---------Gross, $18,714,036; net. $6,048,949
Lewis A. Riley, Pres., Philadelphia, Pa.— (V. 91, p. 1380, 1763.)
July 1 to Dec. 31.
( 1909___ .Gross. 18,237,719: net. 6,866,594
For 3 mos. ending Sept. 30 1910, net after taxes, $2,97.),148, against.
LEHIGH & NEW ENGLAND RR — Operates road from Slatlngton. Pa.,
to Campbell Hall. N. Y ., 95 m.; Bethlehem to Benders Jet., Pa., 19 m.; $3,000,345; other Income. $215,178: charges, $1,578,390; ynprovements,
Bath to Martin’s Creek, Pa., 20 m.; branches, 30 m.; total, 170 m., of which $228 817; dlv. on common stock at 0% yearly calls for $605,022, on pref.
twn *1000008 aggregating 35 m., are trackage and 9 m. leased, leaving 120 at 10%, $2,657; bal., surp., $775,440.
rn°nwncil
V 79. p. 2642. Contract for branch from Danielsville to
ANNUAL REPORT.— Flcsal year ends June 30. The report for 1909-10
*
i ........ . . . n
i
ftl A
n n n lu n n f l i t o r l f i l
Tamanua about 34 m.. was let In Jan. 1911. V. 92, p. 118. Lehigh Coal was
given
In V. r\
91,
p. O393,
402. Q.Sec
also editorial, p. 369.
A Nav Co owns control. V. 78. p. 1781, 1962; V. 91. p. 1386.
Revenue Jrom operation—
1909-10.
1908-09.
1907-08,
Coal
freight
r
e
v
e
n
u
e
.
,
^
,
,
................
$ 1 ^ 1 , 7 9 8 *14.831.671 $16,175.2^0
SECU RITIES__Stock, $1,000,000: par, $50. Of the generals of 1908
IS7 500 0001 $3 450 000 were reserved to retire remaining underlying bonds Merchandise freight revenue............... 14,757,709 13,291,831
4,159,890
and5$2,850!o00 for future requirements The outstanding $850,000 arc Passenger revenue............................... 1 257 629
1,103,682
1,109,268
owned by the Lehigh Coal & Nav. Co V. 91, p.1386
Car trusts, guaran Mall, express, A c--------------------------teed by Lehigh Coal & Nav. Co., V. 86, p. 1343, 1409.
„ Total operating revenue..............$30,167^98 $33,137,832 $3|*$}<>;^
FA RN IN G S__For year ending June 30 1910 (170 miles), gross, $894,324;
chartres $293 031; bal., sur.. $39,328. Pres., W . A. Lath- T a l S ^ ? ” p.e.ns.c! : : : : : : : : : : : : : : : :
i
?2? :o ™ ;3 ™ $ l i ^ ao?
ropl
V.-P. and Gen Counsel. W m.
Jay Turner; Sec. and Trcas., H. F. Baker.— (V. 92, p. 118.)
Operating Income------------------- -------- ^*?'?TS’-5S
’ roo’.sbo
704!580 ^ ^1,629,350
Otherlncome______________________
1,117,635
FHIGH VALLEY RR.— (See M ap.)— Jersey City, N. J., opposite N. Y.
I
$12,187,300 $13,704,600
CltyV to Buffalo, N. Y .,4 5 0 miles, with branches, viz.: (*See these cos.)
Total Income.....................................
wpp nr nil stock Owned—
Miles, \Lehigh & N. Y ., Pa. State line Interest on bonds, A c--------------------- ' ’2’ ,? !;’ ,2!; $3,789,963 $3.74j 4 2«
Rentals and guaranties------------------- 2>316,473
Buffalo N. Y .ft o Sayre. P a . . . 181
t o W Fair Haven. N. Y . . . 1
Miscellaneous deductions----------------240,141
Additions and betterments.................
843,877
WCUy Uarre ’.
A0. 5-°!!°-^ 174 Leased— State Line & Sullivan"
Branch cs°rtIal*^ *
5 30 1Trackage to Su’sp*."Bridge."&clI
Total deductions from Income----- $7,200,000
Net Incom e------- ----------- ------------ $7,293,524
Lehigh Valley Coal Co. net Incom e.. 1,136,543
Buck Mtn. anthracite branches to be completed In 1911.
HISTORY. &c.— The Drexel-Morgan Interests, It Is understood, have
a preponderating voice In the management. A syndlcatc rcpresented by
Kuhn, Loeb & Co. In July 1910 acquired a large Interest. V. 91, p. 276.
COAL PROPERTY.— The Lehigh Valley R R . Co. owns
000) stock of the Lehigh Valley Coal Co. (V. 81. o. 1726) . Annual report
for 1909-10 In V. 91. p. 394. Purchase In 1905 of Coxe Bros., see Bonds.
The Coal Co. shipped from collieries owned and controlled 8,092,940 tons
of anthracite coal In 1909-10. against 7,784,078 tons in 1903-09, total coal
and coke tonnage, 1909-10, was 14.034,396.
STOCK.— The shareholders voted June 22 1910 to Increase auth. com
mon stock from $40,334,800 to $80,000,000, of which $20466,900 was
subscribed for by stockholders at par, payment being made by Oct. 31 1910,
the proceeds to be used to retire $6,000,000 2d M. 7s due Sept. 1 1910. and
other obligations, and for future purposes. V. 90, p. 1101. 1676.
Total net Income---------Dividends on preferred stock (1 0% ).
Dividends on common stock (6 % )—
$10,630
2,420,088
Balance,
- - - - — $r?
,99?N._Y.;
;34J? $l1:205T
!i89L,>n't«5O'T'1A*
Pres.,
E. surplus...............B. Thomas, 143_LIbcrty
St.,
yicc-Presklcnts.^^A
Middleton, T. N. Jarvis, L. D. Smith; Gen. Mgr., J. F . ^ f y 'r e . ir a
J. M. Baxter; Sec., D. G. Baird, 228 So 3d .St., P dla d elp h ia ; Lxecu lv
Committee: Chairman, E. I). Thomas; Geo. F . Bakcr. L . I.
Charles Steele, W. H. Moore, Daniel G. Reid, P. A. B. Widener and Gc .
Bamiectors—Edward T. Stotcsbury, W . R. Butler. Alfred C- Harrison
Wm. H. Moore, Daniel G. Reid, E. S. Moore. Charles Steele, AbramNcs^pic
P. A. B. Widener, Geo. F. Baker, E. B. Smith and Geo. I*. Baer. ( v.
p. 463. 1386, 1447. 1574, 1711, 1766; V. 92, p. 118.)
RAILWAY STOCKS AND BONDS
1011.]
J a n .,
R A IL R O A D C O M P A N IE S
(F o r a b b re via tio n s, e t c . , see notes on firs t page ]
M ile s
Ro ad
Lehigh
V a l l e y — ( C o n c lu d e d ) —
119
E l m i r a C o r t l a n d A N o r t h f ir s t p r e f m t g e g o l d - . C e . c *
119
F i r s t m o r t g a g e g o ld g u a r a n t e e d p & 1 ( e n d ) — C c
M o r r i s C a n a l s t o c k 4 % g u a r a n t e e d 9 9 9 y e a r s .............
P r e f e r r e d s t o c k 1 0 % g u a r a n t e e d 9 9 9 y e a r s .............
L V C o a l C o 1st M $ 1 2 ,0 0 0 ,0 0 0 g s f n o t d r a w n .c * A r
do
I n t e r e s t r e d u c e d -------------------------------------------D e l a n o L ’ d I s t M g g u s f ( V . 9 0 . p . 1 6 1 7 ) .............G P
W y o m in g V a lle y C o a l c o n so l (n o w 1st m o r t g a g e )..
C o n s o l R e a l E s t a t e f ir s t m t g e $ 2 , 6 0 0 , 0 0 0 g u a r . U s m
.
Lexington & East — 1 s t M g e x t In 1 9 0 1 r e d 1 0 2 . . C e . c *
G e n e r a l m o r t g a g e g o l d ---------------------------------------------- N . r
92
Lexington Union Station— P r e f e r r e d stock (s e e t e x t ) .
Lime Rock — C o n s o li d a t e d r e f u n d i n g m o r t g a g e g o l d . .
12
Litchfield & Madison— F i r s t m t g e $ 1 , 0 0 0 , 0 0 0 g ...........
44
Little F a l l s & Dotgeville— F i r s t m t g e $ 2 5 0 , 0 0 0 g o l d . .
Little Miami— S t k o r i g i n a l g u 8 % 9 9 y r s P C & S t L
S p e c ia l g u a ra n t e e d b e t t e rm e n t s t o c k ($ 5 ,0 0 0 ,0 0 0 )
R 'e n e w a l m o r t g a g e ----------------------------------------------------------- c
84
Little Rock & Hot Sp West — S e e S t L o u i s I r o n M t n & S o u .
L i t t l e Schuylkill N a v . RR & C o a l — S t o c k ( r e n t a l g u a r )
32
Long Island— S e c o n d ( n o w f ir s t ) m o r t g a g e ...... ............c*
155
C o n s o li d a t e d m o r t g a g e ( g o ld ) ( $ 3 , 6 1 0 , 0 0 0 a r e 5 s) _ C e
156
G e n e r a l m o r t g a g e g o l d ............. ......... ........................C c .c *
163
L o n g I s l a n d R R m t g e o n f e r r y f o r $ 2 , 7 5 0 , 0 0 0 g .C e c*
S t e w a r t L in e m o rtg a g e o f 1 9 3 2 f o r $ 5 0 0 ,0 0 0 g o ld . C e
18
D e b e n t u r e ( $ 1 , 5 0 0 , 0 0 0 ) g o ld n o t s u b j e c t t o c a l l . . .
N e w Y o r k & F l u s h i n g f ir s t m o r t g a g e a s s u m e d . . C e
2
7
6
B r o o k ly n A M o n t a u k 1st M ($ 2 5 0 ,0 0 0 a re 6 s ).C e .c *
76
S e c o n d M g a s s u m B u s S t a to E a s t p & b r s - . C e . c *
12
L o n g I s l a n d C i t y A F l u s h i n g f ir s t m t g e a s s u m c d - . c *
19
C o n s o li d a t e d m o r t g a g e g o ld a s s u m e d ________ C e .c *
6
N e w Y o r k B a y E x t e n s io n 1 s t M a s s u m e d $ 2 0 0 , 0 0 0 . .
21
! M o n t a u k E x t e n $ 6 0 0 , 0 0 0 1 s t M a s s u ----------------------------316
U n i f i e d M g o ld c a ll a t 1 1 0 ..........................— U s m . c & r
316
R e f u n d m t g e $ 4 5 , 0 0 0 , 0 0 0 g o ld g u a r p A l . E q . c * A r
Le ased a n d C o n tro lle d L in e s . P r in c ip a l
or
Interest
L I RR N o S h B r co n s M $ 1 ,4 2 5 ,0 0 0 g u p & I.C c .c *
a I n h a n d s o f p u b l i c ; t o t a l Is s u e d s h o w n i n le f t - h a n d
G uar
D a te
Bonds
1884
18 8 4
1892
1892
1891
1906
1895
1895
1904
1903
1882
1878
18 8 1
18 8 8
1892
1892
1894
1880
18 8 1
18 8 8
18 8 1
1887
1893
1895
1899
19 03
1009
Par
V a lu e
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0 A c
100
1 ,0 0 0
1 ,0 0 0
1 0 0 'A c
50
50
1 ,0 0 0
50
100 A c
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
500 A c
anteed.
R IV E R
R R .— V . 91, p. 336 .
— O w n s r o a d I n a n d a r o u n d R o c k l a n d , M e . , 1 1 m .;
t r a c k a g e 1 m • t o t a l’, 1 2 m .
S t o c k . 5 4 5 0 , 0 0 0 ; c o n t r o ll e d b y t h e R o c k l a n d R o c k p o r t L i m e C o . o f Maine. V . 8 2 , p . 1 3 8 0 . D l v . I n 1 9 0 5 - 0 6 , 5 % : 1 9 0 6
07 5%
o f w h i c h 3 % f r o m a c c u m u la t e d s u r p lu s ; 1 9 0 7 - 0 8 , 2 ^ % ; 1 9 0 8 -0 9 ,
5%
Y e a r e n d in g J u n e 3 0 1 9 0 9 , g r o s s , 5 7 6 , 6 7 8 ; n e t , 5 3 5 , 8 7 8 ; o t h e r I n
c o m e , $ 6 , 7 2 3 ; I n t e r e s t a n d t a x e s , $ 2 0 , 0 4 9 ; d i v i d e n d ( 5 % ) , $ 2 2 , 5 0 0 ; b a l
a n c e , s u r p lu s , $ 5 2 .
O f f ic e , R o c k la n d . — ( V . 8 2 , p . 1 3 8 0 .)
POCK
PP
L I T C H F I E L D & M A D I S O N R Y . — O w n s L i t c h f i e l d J e t . t o M a d is o n , 111.,
44 m .; t r a c k a g e , 1 m . ; t o t a l. 4 5 m .
S t o c k , c o m m o n , $ 5 0 0 ,0 0 0 ; p r e f., 4 %
n o n - c u m ., $ 5 0 0 ,0 0 0 ; p a r of s h a re s , $ 1 0 0 .
F o r m e r l y c o n t r o ll e d b y C h i c .
P e o r i a & S t . L o u i s . . F o r y e a r e n d in g J u n e 3 0 1 9 1 0 , g r o s s , $ 2 3 6 , 7 1 8 ; n e t ,
$ 5 0 , 9 6 8 ; o t h e r I n c o m e , 5 2 , 5 7 1 ; I n t e r e s t , t a x e s , A c . , $ 6 6 ,0 7 8 ; b a la n c e ,
d e f ic it , $ 1 2 , 5 4 0 .
P r e s . , J a m e s D u n c a n , A l t o n , I I I . — ( V . 7 9 , p . 2 4 5 6 .)
L I T T L E F A L L S & D O L G E V I L L E R R . — O w n s L it t le F a lls , N . Y . , to
D o l g e v l l l e , 1 0 m ile s .
O p e r a t e s u n d e r a g r e e m e n t D o i g e v l lle & S a l i s b u r y
R R . , e x t e n d i n g f r o m D o l g e v l l l e t o m in e o f S a l i s b u r y S t e e l & I r o n C o .
S t o c k , $ 2 5 0 , 0 0 0 , o f w h i c h t h e N e w Y o r k C e n t r a l A H u d s o n R i v e r In J u l y
1 9 0 6 a c q u ir e d a m a jo r it y .
B o n d s , s e e t a b le .
I - o r y e a r e n d in g J u n e 3 0
1 9 0 9 , g ro s s . $ 6 8 ,4 4 1 : n e t, $ 2 4 ,0 1 5 : o t h e r In c o m e . $ 1 ,1 1 9 : c h a rg e s , $ 9 ,5 4 2 .
P r e s . , VV. H . N e w m a n ; S e c . , D . VV. P a r d e e . — ( V . 8 3 , p . 2 7 2 . )
L I T T L E K A N A W H A R R . — P a r k e r s b u r g , W . V a . , t o C r e s t o n , 5 0 m ile s .
S t o c k , 5 3 ,0 0 0 , 0 0 0 a u t h o r iz e d ; Is s u e d , $ 5 0 9 , 5 0 0 .
O w n e d b y th e P it t s b u r g h
A L a k e E r i e , P e n n s y l v a n i a a n d B a l t i m o r e & O h io , t h e la s t n a m e d o p e r a t i n g
th e ro a d fro m M a y 1 19 08 .
V . 86, p . 981; V . 8 2, p . 628; V . 86, p . 98 1.
L I T T L E M I A M I R R . — (S e e M a p s P e n n s y lv a n i a R R .) — O w n s C in c in n a t i
O . , t o S p r i n g f i e ld , O . , 8 4 m .; b r a n c h , X e n i a , O . . to D a y t o n , O . , 1 5 m .; D a y
t o n , O . , t o I n d . S t a t e lin e , 3 8 m .; le a s e s , C o lu m b u s A X e n i a R R . , X e n i a , O . .
t o C o lu m b u s , O . , 5 5 m .; C l n . S t . C o n . R R . . 2 m .; R i c h m o n d A M ia m i R R . .
I n d i a n a S t a t e L i n e t o R i c h m o n d . 4 m . : t o t a l 1 9 5 m ile s .
L E A S E . — O n D e c . 1 1 8 6 9 le a s e d t o P i t t s b u r g h C i n c i n n a t i A S t . L o u i s
( n o w P i t t s b u r g h C i n c i n n a t i C h i c a g o A S t . L o u is ) f o r 9 9 y e a r s r e n e w a b le f o r
e v e r.
T h e P e n n . R R . C o . Is a p a r t y to th e c o n t r a c t a n d g u a ra n t e e s It s
f a it h f u l e x e c u t io n .
R e n t a l Is 8 % o n $ 4 , 9 4 3 , 1 0 0 o r i g i n a l s t o c k , 4 % o n b e t
te rm e n t s to c k a n d In t . o n d e b t.
V . 84, p . 51, 815; V . 86, p . 8 57.
L e s s e e ’s r e p o r t s h o w s r e s u lt s t o le s s e e :
I n 1 9 0 4 , lo s s , 5 1 3 3 , 7 4 6 ;
In
1 9 0 5 , lo s s , $ 1 6 7 , 6 9 2 ; In 1 9 0 6 , lo s s , 5 1 8 5 , 3 0 3 ; In 1 9 0 7 , lo s s . $ 5 4 , 4 7 7 ;
I n 1 9 0 8 , lo s s . $ 1 4 2 , 9 4 6 ; I n 1 9 0 9 , p r o f i t , $ 6 7 , 1 7 1 .
S t o c k a u t h ., $ 1 0 ,0 0 0 ,0 0 0 .
B e g in n i n g D e c . 1 8 9 9 , 1 - 5 % e x t r a p a i d o n c o m . s t o c k e a c h D e c . a n d J u n e
f r o m s u r p lu s In v e s t e d fu n d , m a k in g d lv . 8 2 - 5 % y ’l y — ( V . 8 6 , p . 8 5 7 .)
L I T T L E S C H U Y L K I L L N A V I G A T I O N R R . & COAL.— O w n s f r o m P o r t
C l i n t o n t o T a m a n e n d a n d R e e v e s d a l e , 3 1 . 4 8 m ile s ; 2 d t r a c k , 2 6 .4 9 m .; t o t a l,
9 1 . 3 1 m ile s .
R e - le a s e d o n D e c . 1 1 8 9 6 t o P h l l a . & R e a d . R y . f o r 9 9 9 y e a r s
a n d r e n t a l r e d u c e d f r o m 7 % o n s t o c k t o 5 % g o ld f r o m J a n . 1 1 8 9 7 .
D iv i
d ends:
I n 1 8 9 8 , 5 H % : 1 8 9 9 , 5 H % ; 1 9 0 0 . 5 ; 1 9 0 1 . 5 M ; 1 9 0 2 , 5 ^ ; 1 9 0 3 , 5;
1 9 0 4 , 5; 1 9 0 5 , 5 H ; 1 9 0 6 , 5; 1 9 0 7 , 5 X : 1 9 0 8 , 5 H : 1 0 0 9 , 5; 1 9 1 0 , J a n . , 2 X :
J u ly , 3; 19 11, J a n ., 2 X % .
L o s s c c p a y s t a x e s a n d o r g a n lz t a lo n e x p e n s e s .
— ( V . 7 3 , p . 5 5 4 .)
L O N G I S L A N D R R . — O p e ra te s th e s te a m s u rfa c e ro a d s o f L o n g Is la n d
a w n s—
M ile s .I
L e a s e s — ( * W h i c h s e e .)
M ile s .
L o n g I s l a n d C i t y t o G r e e n p o r t . . . 9 5 | N . Y . A R o c k a w a y B e a c h R y * . . 12
L o n g I s l a n d C i t y t o M o n t a u k ------- 1 1 5 1 J a m a i c a A S o . S h o r e ( V . 7 8 , p . l 0 2 )
5
S u n d r y b r a n c h e s .................................1 0 4 N . Y . B ’ k l y n & M a n . B e a c h * . . . 19
T o t a l D e c . 3 1 1 9 0 9 ................ ......... 3 9 0
T o ta l ow ned (V . 77 . p . 2 0 9 8 )--3 1 4
O p e r. e le c t r ic a lly In D e c . 1 9 0 9 . . 14 0
L ea ses—
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.
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A ls o o w n s t h r o u g h t h e L o n g I s l a n d C o n s o li d a t e d E l e c t r i c a l C o m p a n i e s
th e H u n t in g t o n R R . . N o rt h p o rt T r a c t io n , N a s s a u C o u n t y R y . a n d O c e a n
E l e c t r i c R y . , h a v in g a c o m b in e d m i le a g e o f 2 6 14 m . , i n c . 1 5 14 m . , H u n t i n g t o n
to A m lt y v lllo , o p e n e d A u g . 26 1 9 0 9 .
V . 89, p. 593.
V . 90, p . 1040.
T h e P e n n . R R . I n 1 9 1 0 c o m p le t e d a n u n d e r g r o u n d t u n n e l ( e l e c t r i c r a i l
r o a d ) f o r p a s s e n g e r s e r v ic e f ro m J e r s e y C it y u n d e r th e H u d s o n R iv e r to a
c e n t r a l p a s s e n g e r s t a t io n a t 3 3 d S t. a n d 7 t h to 1 0 th a v e n u e s , a n d th e n c e
u n d e r t h e E a s t R i v e r t o a c o n n e c t io n w i t h L o n g I s l a n d R R . , a n d t h u s w it h
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L E X I N G T O N ( K Y . ) U N IO N S T A T IO N C O .— O w n s p a s s e n g e r s t a t io n .
C o m m o u s t o c k , 5 1 5 ,0 0 0 , o w n e d e q u a lly b y L o u ls v . & N a s h y a , O n e s. A
O h io a n d L e x i n g t o n & E a s t e r n .
T h e r e h a s b e e n a u t h o r iz e d 5 5 0 0 , 0 0 0 o f 4 ^
c u m u l a t i v e ( n o n - v o t in g ) p r e f e r r e d s t o c k , s e c u r e d b y m o r t . , a n d r e n t a l s p a i d
b y a b o v e - n a m e d r o a d s o n b a s is o f p a s s e n g e r c a r s .
P r e s . , W . A . M c D o w e ll ,
S e c r e t a r y a n d T r e a s u r e r , A . M it c h e l l J r .
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s o n , K y „ a b o u t 0 2 m ile s .
V . 73, p. 663; V . 00, p. 580.
In N o v . 10 10 th e
L o u is v ille A N a s h v ille h a d a c q u ir e d a ll o f th e 5 5 0 0 ,0 0 0 s t o c k a n d m o s t o f th e
5 1 , 5 0 0 , 0 0 0 g e n . M . b o n d s a n d d e f e r r e d d e b e n t u r e s ( 5 3 3 0 , 0 0 0 ) a n d Is b u i l d i n g
a n e x t e n s io n f ro m J a c k s o n , K y . , u p th e n o rt h fo r k o f th e K e n t u c k y R iv e r
t o a p o i n t n e a r t h e h e a d w a t e r s o f B o o n e ’s F o r k , a b o u t 9 6 m ile s , o f w h i c h 2
m i le s o p e n e d N o v . 1 9 1 0 ; a ls o b r a n c h J a c k s o n to Q u ic k s a n d , 3 m .
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r e t i r e m e n t o f t h e 5 8 0 0 , 0 0 0 1 s t M . b o n d s d u e J u l y 1 1 9 1 1 , .t h e p r o p e r t y w i l l b e
p r a c t ic a lly fre e o f m o rtg a g e d e b t.
V . 91, p. 1447.
B O N D S . — T h e 1 s t m tg e . 5 s w e re e x te n d e d a t sa m e ra t e o f In t . to J u ly 1
1 9 1 1 , t h e c o m p a n y h a v i n g t h e r i g h t t o c a ll a n d r e d e e m a l l o r a n y o f t h e m a t
1 0 2 a n d In t .
A l l ln t . o n th e g e n . m t g e . b o n d s w a s w a iv e d to A u g . 1 1 9 0 1 .
I n t . t h e r e a f t e r t o b e p a i d In c a s h F e b . a n d A u g . 1 , a s f o ll o w s : 2 % y e a r l y
fo r 5 y e a rs , th e n 3 % fo r 5 y e a rs a n d 5 % y e a r ly t h e re a fte r to m a t u r it y .
D e
f e r r e d d e b e n t u r e s w i l l b e I s s u e d f r o m t im e t o t im e f o r b a l. o f t h e l n t . n o t p a i d
In c a sh o n th e g e n e ra l m o rtg a g e b o n d s a c c r u in g a ft e r A u g . 1 19 0 1 .
E A R N I N G S . — 5 m o s . , 1 1 9 1 0 ............................ G r o s s , 5 2 1 1 , 2 3 0 ; n e t , 5 7 1 . 8 9 6
J u ly 1 to N o v . 3 0 .
1 1 9 0 9 ______ _______ . . G r o s s ,
1 8 7 ,5 4 9 ; n e t, 4 7 ,7 7 5
Y e a r e n d in g J u n e 3 0 1 9 1 0 , g r o s s , 5 4 8 4 , 6 2 0 ; n e t o v e r t a x e s , $ 1 4 9 , 8 9 1 ,
o t h e r In c o m e , 5 2 1 .9 3 6 ; c h a rg e s , 5 1 1 8 ,1 1 2 : s u r p lu s , 5 5 3 .7 1 5 . . P r e s - . A r t h u r
C a r y , L e x in g t o n , K y . — ( V . 7 6 , p . 5 4 2 ; V . 9 1 , p . 58 9 , 1 0 2 5 , 1 4 4 7 .)
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s t a t io n S e p t. 8 .
See V . 74 , p . 8 30; V . 75 , p . 1203; V . 8 4, p . 9 3 1 .
As
to Im p r o v e m e n t s , se e V . 8 9 , p . 6 6 6 , 14 8 3 .
S T O C K . — $ 1 2 , 0 0 0 , 0 0 0 . p a r , $ 5 0 : o f w h ic h P e n n . R R . o w n s $ 6 ,7 9 7 ,9 0 0 .
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c u r e d b y a H en o n th e e n t ire ro a d , s u b je c t to th e $ 2 2 ,5 9 2 , 0 0 0 o u t s t a n d in g o ld
b o n d s , t o r e t i r e w h i c h a n e q u a l a m o u n t Is r e s e r v e d ; r e m a i n d e r , $ 2 2 , 4 0 8 ,
0 0 0 , g u a r , a s t o p r l n . a n d l n t . b y t h e P e n n . R R . , w e r e s o ld , t h e p r o c e e d s t o
b e u s e d f o r v a r io u s Im p r o v e m e n t s a n d a d d it io n s In c o n n e c t io n w it h t h e
P e n n s y l v a n i a t u n n e ls t o a n d t h r o u g h N e w Y o r k C i t y , p r i n c i p a l l y f o r a d d l*
t lo n a l t e r m in a l f a c ilit ie s a t B a y R id g e a n d L o n g Is la n d C it y a n d f o r a d o u b le
t r a c k c o n n e c t io n w it h th e N e w H a v e n ro a d , fo r a d d it io n a l f r e ig h t a n d p a s
s e n g e r t e r m i n a ls , t r a c k s , e q u i p m e n t , a n d t o r e t i r e o ld b o n d s .
V . 78, p.
58 3, 1549; V . 79, p . 2796; V . 80, p . 1111; V . 8 1, p . 211 ; V . 8 2, p . 868.
D u e P e n n s y lv a n ia R R . D e c . 31 19 09 f o r a d v a n c e s , $ 8 ,1 2 3 ,7 9 2 , o n a c c o u n t
o f w h ic h $ 6 ,0 6 2 ,9 5 1 d e b e n t u re s h a d b e e n Is s u e d .
P e n n s y lv a n ia C o . D e c . 3 1 19 0 9 o w n e d $ 2 ,6 0 0 ,0 0 0 4 % e q u ip , o tfs .
T h e u n i f i e d m o r t g a g e Is li m i t e d t o t h e a m o u n t n o w o u t s t a n d i n g .
Bonds
a r e s u b j e c t t o c a ll a t 1 1 0 I n w h o le o r I n p a r t o n a n y I n t e r e s t d a y .
V . 68,
p. 618.
M tg e s. on re a l e sta te , $ 1 ,9 6 0 ,9 1 7 .
V . 7 6 , p . 266; V . 8 5 . p . 16 0 .
I n N o v . 1 9 0 9 a u t h o r it y w a s g iv e n to Issu e n o t o v e r $ 1 6 , 5 0 0 , 0 0 0 1 0 - y e a r
4 % d e b e n t u re s , o f w h ic h a p o r t io n to b e Is s u e d to r e im b u r s e th e P e n n s y l
v a n i a R R . f o r a d v a n c e s a g g r e g a t in g $ 6 , 0 6 2 , 9 5 2 o n a c c o u n t o f v a r io u s im p r o v e m e n t s d u r i n g 1 9 0 5 t o 1 9 0 8 , t h e r e m a i n d e r t o c o v e r a d d i t i o n a l
a d v a n c e s f o r c o n s t r u c t io n . Im p r o v e m e n t s a n d n e w e q u ip m e n t .
V . 89, p .
52 9 , 14 1 1; V . 90, p . 698, 1 0 4 0 .
G U A R A N T I E S . — I n a d d i t i o n t o g u a r a n t e e d b o n d s I n t a b le a b o v e , g u a r
a n te e s 5 % o n $ 6 5 0 ,0 0 0 N e w Y o r k B r o o k ly n A M a n h a t t a n B e a c h p re f. s t o c k
a s p a r t r e n t a l; a l s o 4 > 4 % o n $ 5 0 , 0 0 0 P . P . A S o . B r . s t o c k a n d 4 J4 % o n
$ 8 2 ,5 0 0 o f th e N e w Y o r k & C o n e y Is la n d s t o c k .
T h e s h a r e h o l d e r s v o t e d M a r c h 14 1 9 0 6 to g u a r a n t e e , p r i n c i p a l a n d I n t e r
e s t, a n a u t h o r iz e d Is s u e o f $ 1 0 ,0 0 0 ,0 0 0 4 ) 4 % 4 0 -y e a r c o lla t . t r u s t b o n d s o f
t h e L o n g I s l a n d C o n s o li d a t e d E l e c t r i c a l C o m p a n i e s , a h o l d i n g c o m p a n y , a l l
o f w h o s e s t o c k Is o w n e d , f o r t h e t r o l l e y li n e s o w n e d a n d c o n t r o ll e d .
See
V . 8 2 , p . 1 0 0 , 8 6 4 ; V . 8 4 , p . 8 6 5 ; V . 8 6 , p . l l 5 7 . N o b d s . s o ld t o D e c . 3 1 1 9 1 0 .
E A R N I N G S . — 5 m o s . , / 1 9 1 0 ...........G r o s s , $ 4 , 7 8 9 , 2 8 3 ; n e t , $ 1 , 5 0 1 , 8 6 2
J u l y 1 to N o v . 3 0 .
( 1 9 0 9 ........... . G r o s s ,
4 ,4 5 3 ,8 4 1 ; n e t,
1 ,0 7 1 ,2 8 9
R E P O R T . — R e p o r t f o r c a le n d a r y e a r 19 09 w a s in V . 9 0 , p . 1 0 4 0 .
1909.
1908.
1907.
G r o s s e a r n i n g s ______________________________$ 1 0 , 8 9 8 , 3 7 1
$ 9 ,8 1 8 ,5 4 5 $ 1 0 ,1 3 0 ,4 0 8
O p e r a t i n g e x p e n s e s _______________________
7 ,4 5 2 ,5 1 7
7 ,2 6 7 ,2 3 5
8 ,5 2 6 ,5 8 6
N e t e a r n i n g s ____________________________ $ 3 , 4 4 5 , 8 5 4
T o t a l n e t ..........................- ............................. $ 3 , 7 1 0 , 0 9 4
R e n t a l s o f le a s e d r o a d s ---------------------------5 8 1 ,4 1 9
I n t e r e s t o n b o n d s ..........................................
1 ,8 0 3 ,3 3 0
I n t . o n m t g e s . , g r o u n d r e n t s , A o _____
3 3 7 ,1 3 0
5 0 1 ,8 3 6
T a x e s . . . . . ............
M i s c e l l a n e o u s ______________________________
1 6 9 ,5 9 7
E x t r a o r d i n a r y e x p e n d i t u r e s ___________
2 5 0 ,0 0 0
$ 2 ,5 5 1 ,3 1 0
$ 2 ,7 6 8 ,1 7 8
6 1 8 ,7 3 5
1 ,8 0 3 ,3 3 0
1 5 2 ,2 8 9
3 1 7 ,3 2 5
1 5 2 ,5 8 8
------------
$ 1 > ® |J 3 ,8 2 3
$ 1 ,9 3 5 ,8 9 2
4 5 5 ,1 9 8
1 ,8 0 3 ,3 3 0
6 7 ,7 2 1
3 4 5 ,1 9 8
1 2 3 ,2 9 4
------------
B a l a n c e .......................................................
$ 6 6 ,7 8 0 d e f . $ 2 7 0 , 0 8 8 d c f . $ 8 5 8 , 8 2 0
B o n d In t e re s t d o e s n o t In c lu d e a ll th e In t e r e s t , a “ p r o p e r p r o p o r t io n ’ ’ o n
s e c u r it ie s Is s u e d f o r Im p r o v e m e n t s e x t e n d in g t h r o u g h s e v e r a l y e a r s , f r o m
w h i c h n o a d d i t i o n a l r e v e n u e c a n b e d e r i v e d u n t i l c o m p le t i o n , h u v l n g b e e n
c h a rg e d to c o s t o f c o n s t r u c t io n .
See V . 8 4, p . 8 6 5.
P r e s ., R a lp h P e t e rs : T r e a s ., J a m e s F . F a h n e s t o c k , B r o a d S t. S t a t io n ,
P h lla .— (V . 89, p . 148 3; V . 90, p . 698, 1 0 4 0 , 136 3; V . 91, p . 4 * 3 . 1 5 1 2 ,
1 7 6 6 .)
L O R A IN
ASH LAN D
&
SOUTHERN
R R .— V . 91. p.
1512.
LORAIN
& W E S T VIRGINIA RR.— W e l l i n g t o n t o L o r a i n . O . , 3 0 m ile s ,
w it h b r a n c h e s , 5 m .
S t o c k , $ 2 ,0 0 0 ,0 0 0 , a ll o u t s t a n d in g ; p a r $ 1 0 0 .
F o r
m e r l y c o n t r o ll e d b y W h e e li n g A L a k e E r i e , b u t c o n t r o l r e l i n q u i s h e d In
O c t . 1 9 0 8 , g u a r a n t y o f b o n d s b e in g c a n c e l e d .
O p e ra te d In S e p t . 1 9 1 0 b y
r e c e iv e r o f W h . A L . E . u n d e r a n o p e r a t i n g c o n t r a c t .
B o n d s, $ 2 ,0 0 0 ,0 0 0
a u t h o r iz e d .
C it iz e n s ’ S a v in g s A T r u s t C o . o f C le v e la n d , t r u s t e e .
P re s.
H . W . S e a m a n ; S e c. a n d T r e a s ., J . R . N u t t .— ( V . 8 7 , p . 1 1 6 0 .)
LOUISIANA & ARKANSAS RY.— O w n s f r o m H o p e , A r k . , t o T i o g a .
L a . , 1 8 8 .0 2 m ile s : e x t e n s io n f r o m P a c k t o n t o J e n a , 2 9 .6 4 m ile s ; t r a c k a g e .
T i o g a t o A l e x a n d r i a , L a . , 8 .1 8 m ile s ; T i o g a t o P l n e v l l l e , L a . , 5 . 0 2 m . , g i v e s
s e c o n d e n t r a n c e to A l e x a n d r i a ; B r a n c h M ln d c n to S h r e v e p o r t , 2 7 . 1 5 m . ;
t r a c k a g e n e a r S h r e v e p o r t , L a . , 2 .0 1 m .; t o t a l, 2 5 5 m .
R o c k Is la n d C o .
u s e s 3 6 m ile s , P a c k t o n , L a . , t o P l n e v l l l e , L a . , u n d e r t r a c k a g e c o n t r a c t .
V . 91, p. 1447.
E x t e n s io n p ro p o s e d f ro m J e n a , L a . , to N a t o h e a , M is s . ,
5 0 m ile s .
S T O C K .— S to ck
( a u th o r iz e d ,
$ 7 ,0 0 0 ,0 0 0 ;
o u t s t a n d in g ,
$ 4 ,5 0 0 ,0 0 0 ;
s h a r e s , p a r , $ 1 0 0 ) , o f w h i c h $ 3 , 7 4 5 , 0 0 0 I s d e p o s it e d w it h t h e S t a n d a r d T r u s t
C o . of N ew Y o rk .
V o t i n g t r u s t e e s 10 y e a r s ; W i l l i a m B u c h a n a n , E d w a r d E .
P o r t e r , B e n J . F . Y o a k u m , H a r v e y E . F i s k a n d C h a r le s L . P a c k .
D I V I D E N D . — M a r c h 1 9 0 6 to S e p t . 1 9 0 9 , 3 %
2 )<J % ( I X M . - S . ) .
y e a r l y (1 X
M .-S .);
1910,
B O N D S . — T h e u n is s u e d f ir s t 5 s ( t o t a l l i m i t e d t o $ 7 , 0 0 0 , 0 0 0 ) a r c r e s e r v e d
f o r b e t t e r m e n t s , e q u i p m e n t a n d e x t e n s io n s , o f w h i c h $ 1 , 0 0 0 , 0 0 0 r e s e r v e d
f o r b r id g e s a c r o s s B l a c k a n d R e t } r i v e r s , a n d t h e b a la n c e li m i t e d t o $ 2 0 , 0 0 0
p e r m i le o f c o m p le t e d r a i l r o a d .
T h e e n t ire a m o u n t o u t s t a n d in g , b u t n o
p a r t . Is s u b j e c t t o r e d e m p t io n a t 1 1 0 a n d I n t e r e s t o n a n y I n t e r e s t d a t e .
B e g in n i n g w i t h S e p t . 1 9 0 7 a s i n k i n g f u n d o f $ 5 5 , 0 0 0 p e r a n n u m t o b u y
b o n d s , I f p o s s ib le , a t 1 1 0 a n d I n t e r e s t o r u n d e r ; o t h e r w is e t o b e I n v e s t e d .
B o n d s so p u rc h a s e d a re k e p t a liv e In th e s in k in g f u n d .
5 M o s . en d .
G ross
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$ 2 0 8 ,2 1 1
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1 9 1 0 .................. $ 6 0 0 , 5 0 8
1 9 0 9 .................. 5 3 6 , 8 1 8
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R A IL R O A D C O M P A N IE S
[ F o r a b b r e v i a t i o n s . & c . , s e e n o t e s o n f i r s t p a g e\
L N V b & M a n V 1 s t c o n s M $ 1 , 7 2 6 , 0 0 0 g o ld g u a r . C c
N Y & H o c k B e a c h 1 s t M $ 9 8 4 ,0 0 0
* '- r * , Ce
P P & C I 1 s t a n d 2 d ( $ 9 6 , 0 0 0 's e c o n d s ) g u a r p & 1
L o r a in & W e s t V ir g in ia — 1 s t M $ 2 .0 0 0 0 0 0 g o l d - - c & r
L o u is ia n a & A r k a n s a s — S t o c k $ 7 ,0 0 0 ,0 0 0 a u t h o r iz e d .
F i r s t m o r t g a g e $ 7 , 0 0 0 , 0 0 0 g o ld
L o u is i a n a & N o r t h W e s t R R ~ P r l ° r l l e n ’ g ° l d ‘ M < ; f c »
F ir s t m o rtg a g e $ 1 0 ,0 0 0 ,0 0 0 8 o l d . - - - - y - - - M S t .
I ru iis i.-in a R v & N a v — F i r s t M g o l d (s e e t e x t ) - - r . c a r
S e c o n d m t g e g o ld 5 1 0 ,0 0 0 , 0 0 0 a u t h o r i z e d g o l d - - - F
L o u i s i a n a Southern— 1 s t M g r e d a t 1 0 5 s in c e 0 2 J L e . c
L o u i s i a n a W e s t e r n — F i r s t m o r t g a g e g o l d .................G e .c
M iles
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L o u l ^ v l l l e 1^ J c t f 2 B r i d i e — S 5 ? O o 6 io o 'o g V u p & l e n d . c *
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-----
13 H & N 1 s t M H e n d t o N a s h g d r a w n a t 1 1 0 — C e . c
L o u is v ille & N a s h v g e n M ^ l d d r a w n a t 1 1 0 — C e .c
L C & L e x g e n m t g e g o ld ( V 6 3 , p 1 0 1 0 ) - - - - - U . c
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N e w O r l & M o b D l v 1 s t M N O t o M o b ile g — F . c
S e c o n d m o r t g a g e g o l d . . ....................... ............— - C
S o u t h e a s t e r n & S t L o u is D lv fir s t m o rtg a g e g o l d . c
S e c o n d M g o ld E a s t S t L o u i s t o E v a n s v & b r . . c
F i r s t M ( 5 0 - y e a r 5 s ) $ 1 5 , 0 0 0 p e r m ile g o ld — - U s . c
F i r s t m t g e c o l la t e r a l t r u s t ( $ 7 , 0 0 0 , 0 0 0 ) g o ld — - F . c
U n if ie d m o rtg a g e f o r $ 7 5 , 0 0 0 ,0 0 0 g o ld — C e .c * & r
S t L o u i s p r o p e r t y f ir s t m t g e g o ld $ 6 5 0 , 0 0 0 — S S t . c
M o b i le & M o n t g o m e r y J o in t m o r t g a g e g o l d ------- C e . c
P e n & A t f ir s t m o r t g a g e g o ld d r a w n a s s u m e d ------- c*
H e n d e r s o n B r i d g e C o 1 s t M g d r 1 0 5 ------------C e . c
N a s h v F lo r & S h e ff 1st M g a s s u m e d In 1 9 0 0 — - C e .c
P a d u c a h & M e m d l v 1 s t M , $ 5 , 0 0 0 , 0 0 0 g o ld - M a . c *
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A t la n t a K n o x v ill e & N o r t h e r n fir s t m tg e g o ld — - C e
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L O U I S I A N A & N O R T H W E S T R R . - O w n s M a g n o li a .
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S ee a b s t ra c t of m o rtg a g e In V . 5 1 , p .
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p o r t e d $ 6 2 , 8 4 8 , 0 0 0 o u t s t a n d i n g , o f w h i c h $ 4 , 9 5 2 , 0 0 0 In t r e a s u r y a n d $ 1 7 ,
0 0 0 In s in k , f u n d s .
V . 8 1, p . 1848; V . 8 6, p . 13 4 4 ; V . 8 8 , p . 2 9 5 .
a .
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0 0 0 ; $ 1 ,0 0 0 ,0 0 0 re s e rv e d fo r Im p ro v e m e n ts .
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b v L . & N . a n d N a s h v . C h . & S t. L .
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I n 1 9 0 2 th e L o u is v ille & N a s h v ille a n d th e S o u t h e rn R y . a c q u ir e d $ 9 ,7 9 6 ,
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7 4 n 1 1 3 8 - V .7 6 , p .5 9 3 . O f th e $ 1 5 , 5 0 0 ,0 0 0 Jo tn t b o n d s s e c u re d b y d e p o s it
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ta K n o x v . & N o rth , b o n d s, $ 1 ,5 0 0 ,0 0 0 .
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61 m ile s , is s u b j e c t t o p r i o r li e n o f u n i f ie d m t g e . V . 8 0 , p . 8 7 2 ; V . 8 4 , p . 1 4 2 8 .
— ( V . 8 4 . p . 3 9 0 , 4 5 0 .)
I n J u l y 1 9 1 0 $ 2 3 , 8 2 7 , 0 0 0 h a d b e e n is s u e d , o f w h i c h $ 1 0 , 2 4 5 , 0 0 0 s o ld .
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F I N A N C E S . — I n F e b . 1 9 1 0 d lv s . o n N a s h v . C h a t t . & S t . L o u is s t o c k ,
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P u i v e a r 1 9 0 8 - 0 9 , g r o s s , $ 1 3 9 , 5 1 3 ; n e t , $ 4 , 3 1 2 ; I n t . , t a x e s a n d r e n t a ls .
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$ 4 7 ? 4 2 6 ; b a l. , d e t ., $ 4 3 , 1 1 4 . — ( V . 8 6 . p . 3 3 7 ; V . 9 1 , p . 9 4 5 .)
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w a t e r s o f B o o n e ’s F o r k , a b o u t 9 6 m ile s .
V . 91, p. 1417.
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In A u g .. 2 K % c a s h .
V . 86. p. 229. 421.
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I n c r e a s i n g e a c h 5 J y e a r s u n t i l S l5 0 , 0 0 0 J p e r y e a r Is r e a c h e d ; I n 1 9 1 0 , $ 1 1 0 , 0 0 0 .
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A u g u s t a 2 5 1 m ile s ; b r a n c h e s . C u m b e r la n d J e t . t o S k o w h e g a n . v i a L e w i s t o n ,
01 m • B a t h t o L e w i s t o n a n d F a r m i n g t o n , 7 6 m .; B e lf a s t , F o x c r o f t . B u c k s m r t a n d M t . D e s e r t , I n c l u d i n g f e r r y ( 7 . 7 m . ) , 1 3 2 m .; P o r t l a n d &1 O g d e n s b g
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s t e a m t e r r y . 6 - 1 0 m . ) . 4 9 m .; t o t a l, J u n e 3 0 1 9 1 0 , 9 3 2 m ile s , o f w h i c h 4 0 0
o w n e d 4 9 9 o p e r a t e d u n d e r 9 9 9 - y e a r le a s e s a n d p r a c t i c a l l y o w n e d , 3 3 m .
u n d e r 5 0 - y e a r le a s e s a n d 8 m . f e r r y lin e s .
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s a m e I n t e r e s t s w i t h $ 1 0 0 , 0 0 0 a u t h . s t o c k , t o b u i ld f r o m O q u o s s o c , M e .,
t e r m i n u s o f R u m f o r d F a l l s b r a n c h , t o C a n a d ia n b o r d e r , 3 0 m ile s .
I n J a n . 1 9 0 4 t h e e n t i r e s t o c k o f t h e W a s h i n g t o n C o u n t y R y . , 1 3 9 m ile s ,
w a s p u r c h a s e d , l t s 3 H % b o n d s (s e e t a b le a b o v e ) b e in g g u a r . , p r l n . a n d I n t . .
b y e n d • b u t r o a d I s o p e r . s e p a r a t e ly . V . 7 8 , p . 1 0 3 , 8 2 0 . 9 8 9 ; V . 7 9 . p . 2 6 4 0 .
I n A p r il 1 9 0 7 c o n t r o l o f S o m e rs e t R y . , O a k la n d to K ln e o S t a t io n , M e .,
a n d b r a n c h , t o t a l, 9 4 m ile s , w a s a c q u i r e d . V . 8 4 , p . 8 0 4 . 1 1 8 3 .
MINNEAPOLIS & ST. LOUIS
V a lle y
PACIFIC
'A . northern
MAP OF THE
[Leech L.
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see notes on first
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(te x t)
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n$31 000.
I n 1 9 1 0 p u rc h a s e d S e b a s tlc o o k A M o o s e h e a d R R . , 1 5 m . V .9 1 , p .7 1 7 , |1 0 9 6 .
S T O C K . — S t o c k f o r $ 2 ,5 1 6 ,0 0 0 o w n e d b y B o s t o n A M a in e .
V . 7 2 , p . 988.
D I V I D E N D S . — 1 8 8 4 t o J u l y 1 9 0 3 , 6 % y e a r ly ; O c t . 1 9 0 3 t o J u l y 1 9 0 7 ,
1 9 1 1 , 8 % y e a r ly ( Q . - J . ) .
B O N D S . — T h e r e a r e a ls o $ 8 1 , 0 0 0 M a i n e S h o r e L i n e 6 s a s s u m e d , d u e 1 9 2 3
a ls o $ 7 5 , 5 0 0 B e lf a s t & M o o s e h e a d L a k e m t g e . b o n d s , d u e 1 9 2 0 , n o t g u a r
a n t e e d , I n t e r e s t a n d s i n k i n g f u n d p a i d o u t o f r e n t a l; A n d . A K e n . s t o c k
b o n d s , $ 1 1 , 0 0 0 , e x c h a n g e a b le f o r M . C . s t o c k ; M a i n e C e n t r a l I n t e r e s t s c r i p
e x c h a n g e a b le f o r c o n s o l, b o n d s , $ 8 , 1 9 2 .
J o in t ly w it h B . A M . g u a r a n t e e s
$ 3 0 0 ,0 0 0 P o r t la n d U n io n S t a t io n b o n d s .
I n 1 9 0 9 s o ld $ 2 , 0 0 0 , 0 0 0 4 % 5 - y e a r n o t e s a n d I n M c h . 1 9 1 0 $ 5 , 0 0 0 , 0 0 0
4
2 -y e a r n o te s.
V . 88, p . 686; V . 90, p . 8 49 .
E A R N I N G S . — 5 m o s . , j 1 9 1 0 ............ G r o s s , $ 4 , 0 4 8 , 6 5 2 ; n e t , $ 1 , 2 0 9 , 6 4 6
J u ly 1 to N o v . 3 0 .
\ 1 9 0 9 .............G r o s s ,
4 ,0 0 7 ,3 2 9 ; n e t,
1,4 8 4 ,1 4 8
A N N U A L R E P O R T . — R e p o r t f o r 1 9 0 9 - 1 0 w a s In V . 9 1 , p . 7 8 8 .
1909.
19 10.
Y ea r ending
Y ea r ending
1910.
1909
June 3 0 —
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G ro ss e a r n in g s . .8 ,9 2 2 ,3 1 2 8 ,3 3 7 ,7 2 4
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3 9 8 ,1 5 2
N e t I n c o m e ________ 2 , 5 4 4 , 7 8 3 2 , 2 6 9 , 4 3 7 D i v i d e n d s ( 8 % ) .
7 6 ,4 2 3
7 6 ,0 2 4
D ed uct— ■
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1 3 ,4 4 0
1 3 ,4 4 0
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7 5 4 ,2 1 0
6 6 o , 1 0 6 .S in k in g f u n d ___
1 1 3 ,7 3 3
2 1 7 ,4 8 8
R e n t s . . .................. 9 0 2 , 1 5 3
9 0 0 ,6 1 9 A d d it io n s , A c . .
7 % ; O c t . . 1 9 0 7 . to J a n .
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( r e n t a ls ) _____
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i p n i s t -it c 11 n e ) 2 2
m i le s .
L e a s e d f o r 5 0 y e a r s f r o m S e p t . 1 1 8 8 7 to
B o s t o n A M a in e a t r e n t a l p a y i n g 1 0 % d l v .
I n 1 8 9 5 a d lv . o f 5 0 % p a id fro m
p ro c e e d s o f C . & M . s u it .
( V . 7 3 . p . 1 2 6 4 .)
M A MH ATT a N 17Y ( E l E V A T E D i .— ( S e e M a p I n t e r b o r o u g h R a p i d T r a n
s i t c ' o ) __ O w n s a ll t h e e l e v a t e d r a i l r o a d s I n b o r o u g h s o f M a n h a t t a n a n d t h e
B r o n x N Y C i t y , m a i n li n e a n d b r a n c h e s , 3 7
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r a il e le c t r ic .
V . 7 0 , p . 176, 633; V . 7 5 , p . 7 3 3 .
T F A S E __ T h e I n t e r b o r o u g h R a p i d T r a n s i t C o . le a s e s t h e r o a d f o r 9 9 9
p e a rs fro m N o v 1 1 8 7 5 , g u a r a n t e e in g 7 % p e r a n n u m o n th e s t o c k . V . 7 5 , p .
^ 2 0 2 1 3 0 2 - V , 7 6 , p . 2 1 2 ; V . 7 9 , p . 2 4 5 6 ; a ls o In t e r b o r o u g h R a p id T r a n s it
C o . , ’v . 7 6 ’, p’. 1 0 1 .
G u a ra n ty . V . 76, p. 480.
B O N D S __ C on sols b e y o n d $ 4 0 ,0 0 0 ,0 0 0 m a y be Issued fo r e x ten sion s a t
$ 3 0 0 , 0 0 0 p e r m ile o f s in g le a n d $ 6 0 0 , 0 0 0 p e r m ile o f d o u b l e t r a c k .
b o n d s, $ 1 1 ,7 1 2 ,0 0 0 a re t a x -e x e m p t.
( S e e a b s t r a c t o f m t g e . In
O f th e
V . 51,
P ' T o 8M a y C\ 8 9 ™ c l a l n i s a g g r e g a t ln g )$ 8 , 8 4 7 , 8 5 4 h a d b e e n p a i d a s d a m a g e s to
a b u t t in g m o D e r t y
I n J a n . 1 9 0 7 f r a n c h i s e t a x e s f o r 1 9 0 0 to 1 9 0 5 ( $ 3 , 1 7 0 ,
1 4 2 ) w e?eP p a W a yn d In 1 9 0 9 t h o s e f o r ’ 0 6 t o ’ 0 8 ( $ 1 , 7 0 6 , 4 0 3 ) . V . 8 9 , p . 4 2 .
D IV ID E N D S
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I n c ..o r D e c
+ 8 7 4 ,0 5 4
+ 1 2 ,4 0 4
+ $ 8 6 1 ,6 5 0
M A N I L A R R . — (Gauge, 3 f t . 6 i n . ) — T h i s c o . , o r g a n i z e d I n N e w J e r s e y
I n 1 9 0 6 , h a s t a k e n o v e r a n d Is o p e r a t i n g t h e o n l y s t e a m r o a d o n t h e I s l a n d
o f L u z o n , P h i l i p p i n e I s l a n d s , b e in g t h e 2 0 8 m ile s o f r o a d p r e v i o u s l y o w n e d
b y t h e f o r m e r ( E n g l i s h ) M a n il a R y . C o . , a n d h a v i n g o b t a in e d a d d i t i o n a l
c o n c e s s io n s . Is l a r g e ly e x t e n d i n g t h e s y s t e m ( V . 8 8 , p . 1 3 1 J . V . 0 1 , p 2 1 .),
V . 8 3 , p . 1 3 4 8 ).
T h e I s la n d n a m e d h a s a n a r e a o f 4 0 , 9 6 9 s q . m i le s a n d a
p o p u la t i o n , la s t c e n s u s , o f 3 , 7 9 8 , 0 0 0 .
. . .
_ ,
T o t a l li n e s a u t h o r i z e d , 8 2 0 m ile s , v i z . : ( 1 ) “ N o r t h e r n L i n e s , t o c o m p r is e
a b o u t 3 5 0 m ile s n o r t h o f M a n il a ; (2 ) t h e " S o u t h e r n L i n e s ,
4 7 0 m ile s , a l l
b u t a b o u t 2 0 m ile s t o t h e s o u t h o f M a n il a , a n d a P o r t L i n e In M a n il a c o n
n e c t in g w it h th e G o v e r n m e n t w h a r v e s a n d w a re h o u s e s .
I n o p e r a t io n A u g .
1 9 1 0 , 2 8 6 m ile s o f N o r t h e r n L i n e s a n d 7 0 m ile s o f S o u t h e r n L i n e s .
T h e tw o
s y s t e m s (a n d t h e ir a c c o u n t s ) a re r e q u ir e d to b e k e p t d is t in c t , a s If o w n e d b y
s e p a r a t e c o m p a n ie s , b u t u n d e r t h e s a m e m a n a g e m e n t . T h e S p e y e r s a r e
f in a n c in g th e e n t e rp ris e .
__
. .
O f th e s t o c k , $ 3 ,6 5 2 ,8 0 0 7 % c u m . p re f. a n d $ 2 ,1 3 0 ,7 0 0 c o m m o n , a ll b u t
d i r e c t o r s ’ s h a r e s a r e h e ld b y t h e M a n il a R y . ( 1 9 0 6 ) , L t d . (se e b e lo w ) .
B O N D S . — T h e M a n il a R R . ( S o u t h e r n L i n e s ) 1 s t g o ld 4 s o f 1 9 0 9 , g u a r
a n te e d a s to In t e re s t b y th e P h ilip p in e G o v e r n m e n t u n d e r A c t o f U .i> . c o n
g r e s s . a r c l i m i t e d t o $ 3 0 ,0 0 0 ,0 0 0 . o f w h i c h $ 2 ,0 0 0 , 0 0 0 w e r e s o ld a n d o lf e r e d
b v S n o v e r & C o In J u l y 1 9 1 0 .
T h e y a r e I s s u a b le u p t o t h e c o s t o f r o a d a n i l
e q u ip m e n t c o n s t r u c t e d o r a c q u ir e d p r io r to th e
^ R e d e e m a b le
19 09 a n d to 9 5 % o f c o s t s u b s e q u e n t t h e re to .
I he b o n d s a r e _ r e d e e m a b le
a s a w h o le a t a n y t im e a t 1 1 0 o r b y lo t f o r a s i n k i n g f u n d o f K o f 1 % y e a r l y
f ro m M a y 1 19 19 to A p r . 3 0 19 28 a n d 1 % y e a r ly t h e re a f t e r. V . 9 1 , P . 2 1 o ,
2 7 A l l t h e ’ o u t s t a n d i n g b o n d 's o n t h e N orthern L in es (s e e t a b le a b o v e ) . n a m e l y
$ 4 , 3 3 0 , 0 0 0 1 s t M . 6 % b o n d s a n d $ 7 , 7 1 6 , 0 0 0 2 d M . 7 % b o n d s , a s w e ll a s a l l
t h e s t o c k h e r e t o f o r e is s u e d b y t h e M a n il a R R . C o . ( e x c e p t i n g s h a r e s to
d u a l i t y d i r e c t o r s ) , a r e o w n e d b y t h e M a n il a R y . C o . ( 1 9 0 6 ) , L t d . ( a n E n g
l i s h c o . w h o s e a u t h . c a p it a l Is £ 2 , 0 0 0 , 0 0 0 I n 5 % n o n - c u m . p r e f e r e n c e s h a r e s ,
a l l o u t , a n d £ 2 , 0 0 0 , 0 0 0 In o r d i n a r y s h a r e s , o f w h i c h £ 3 9 9 , 2 7 0 Is o u t ) ,
a n d a r e d e p o s it e d w i t h t h e M e r c h a n t s ’ T r u s t C o . , L t d . , a s c o l la t e r a l f o r t h e
b o n d s is s u e d b y t h e M a n il a R y . C o . ( 1 9 0 6 ) , L t d . : ( a ) £ 2 , 0 0 0 , 0 0 0 4 % “ A
d e b e n t u re b o n d s , d u e J a n . 15 19 56 ( m a y b e In c re a s e d b y £ 2 5 0 ,0 0 0 ); a n d
( b ) s u b j e c t t o t h e p r i o r li e n o f s a id “ A ” d e b e n t u r e s f o r £ 1 , 8 8 0 , 0 0 0 4 % “ B ”
N
A
,
- J
M
A
A
O
A
ec 1910,
,0 0 0 . P c
i>
N o v 1 1910 5 %
J a n 1 19 22
a i 3 lO t l 1 H
M ch 1 1916
A pr 11990
'v i z . : b $ 6 ,0 0 0 .
o u p o n s j a .j : r e
M a n ch e ste r a n d B o sto n
B o sto n A M e R R , B o sto n
21 P a rk R o w , N e w Y o r k
M e r c a n t i le T r u s t C o , N Y
do
do
d $ 2 4 ,0 0 0 .
e $ 7 ,0 0 0 .
g y .1.
d e b e n t u re b o n d s , d u e A p r il 1 5 1 9 56 , t o t a l a u t h . Issu e £ 2 ,0 0 0 ,0 0 0 ( w h ic h
m a y b e I n c r e a s e d b y £ 2 5 0 , 0 0 0 ) . V . 8 7 , p . 16 6 : V . 8 8 , p . 1 1 9 7 ; V . 9 0 , p . 3 0 3 .
D I R E C T O R S A N D O F F I C E R S . — H o r a c e L . H ig g in s ( P r e s , a n d G e n .
M g r . ) , M a n il a ; J . G . M e t c a l f e ( V . - P . ) . D a v i d D . D a v i s (2 d V - P . ) , A l e x .
A m e n d , D . P . B e n n e tt, C h a s . A . C o n a u t , R ic h a r d S c h u s te r, W a d e C a r d n c r,
J . G . M U b u rn , N e w Y o r k ; F r a n k M c In t y r e a n d P a u l C h a r lt o n , B u r e a u o f
I n s u l a r A f f a i r s , W a s h i n g t o n , D . C . ; E . M . H e b e r d , N e w Y o r k , is S e c . a n d
T r e a s . , a n d H a r d i n g W . D u n n e t t , M a n il a , A s s t . S e c .
N . Y . o f f ic e , 4 o
N a s s a u S t .— ( V . 9 1 , p . 1 0 2 5 , 1 7 1 1 .)
MANISTEE & GRAND RAPIDS RR., MANISTEE & N. E. RR. a n d
MANISTIQUE & LAKE SUPERIOR.— S e e p a g e 1 7 0 .
A lA N IS T IQ U E R Y .— V . 91, p . 519 , 946.
M A N IT O U & P I K E S P E A K R Y . — See p ag e 1 7 0 .
M A R I E T T A C O L U M B U S & C L E V E L A N D R R .— R eceiver discharged
S e p t . 1 9 0 9 , c o m p a n y r e s u m i n g p o s s e s s io n .
V . 89, p . 59 3 , 15 4 2 .
---------------------
B a la n c e , s u r p l u s ............................. - - - - - - — - - - - - - q- q - 7 0 or4 ? ’ 8 4 7
P r e s i d e n t , C h a r le s S . M e lle n . — ( V . 9 1 , p . 7 1 7 , 7 8 8 , 1 0 9 6 .)
A
M
J
M A R S H A L L & E A S T T E X A S R Y .— See pag o 170.
M A R Y L A N D D E L A W A R E & V I R G I N I A R Y — See p ag e 1 7 0 .
M A R Y L A N D & P E N N S Y L V A N I A R R . — B a lt im o r e , M d . to Y o r k . P a ..
8 0 m ile s , w it h b r a n c h , D e lt a t o P e a c h B o t t o m , 4 m .
V . 72, p. 339.
In
A p r i l 1 9 1 0 o b t a i n e d t h e r i g h t t o b u i ld t o t i d e w a t e r . V . 9 0 , p . 1 1 7 1 .
S T O C K A N D B O N D S . — S t o c k a u t h o r iz e d , $ 3 ,6 0 0 ,0 0 0 . o f w h ic h $ 1 , 9 9 7 .
5 0 0 r e s e rv e d f o r f u t u r e re q u ire m e n t s .
I n 1 0 0 2 th e a u t h o r iz e d Issu e o f th e
fir s t 4 s w a s re d u c e d fro m $ 2 ,7 0 0 ,0 0 0 to $ 1 ,2 0 0 ,0 0 0 , o f w h ic h $ 2 0 3 ,0 0 0 a re
re s e rv e d to r e t ir e th e Y o r k a n d P e a c h B o tto m 5 s a n d $ 1 0 0 ,0 0 0 a d d i
t io n a l f o r f u t u r e p u rp o s e s , A c .
V . 74, p . 94, 4 27; V . 79, p . 2 2 0 5 .
M a ry
la n d A P e n n s y l v a n i a T e r m i n a l g u a r a n t e e d b o n d s . V . 8 2 , p . 1 0 4 1 , 1 1 0 2 .
E q u ip m e n t n o te s D e c . 31 19 0 9 , $ 3 0 ,0 0 0 .
P a id o n In c o m e s 1 9 0 1 , 3 % ; s in c e
t o O c t 1 9 1 0 , I n c l u s i v e . 4 % y e a r ly .
E A R N I N G S . — 9 m o s . , f 1 9 0 9 - 1 0 ............... G r o s s , $ 3 0 2 , 7 3 1 ; n e t , $ 8 8 , 0 7 1
J u ly 1 to M c h . 3 1 .
U 9 0 8 - 0 9 ............... G r o s s ,
2 7 6 ,9 9 4 ; n e t ,
8 7 ,3 1 9
R E P O R T . — F o r y e a r e n d in g D e c . 3 1 1 9 0 9 , g r o s s , $ 3 9 9 , 7 2 0 ; o t h e r I n c o m e ,
$ 1 ,8 9 5 : n e t, $ 1 2 4 ,7 6 7 ; ln t . o n b o n d s , & c ., $ 1 0 6 ,5 6 4 ; b a L , s u r ., $ 1 8 ,2 0 3 .
P r e s . , J o h n W i ls o n B r o w n . — ( V . 8 6 , p . 4 2 1 ; V . 8 8 , p . 5 0 6 , 1 1 7 1 . )
/MASON CITY & p r . DODGE RR.— ( S e e M a p C h i c a g o G r e a t W e s t e r n . ) —
O w n s r o a d f r o m O e lw e ln , l a . , t o C o u n c i l B l u f f s , 2 5 9 m ile s ; H a y f i e l d , M in n . ,
to C l a r i o n , I o w a , 1 0 0 m ile s ; b r a n c h e s to L e h i g h a n d C o a l v i l l e , I o w a ,
19 m ile s - t r a c k a g e , C o u n c i l B l u f f s to S o u t h O m a h a , 8 m ile s ; t o t a l, 3 8 6 m ile s .
T h e C h ic a g o G r e a t W e s t e r n o w n s e n t i r e o u t s t a n d i n g c o in , s t o c k ( $ 1 3 . 2 0 . ) . 4 0 0 o f th e a u t h . $ 2 0 ,0 0 0 ,0 0 0 ) a n d th e n o n - c u m . 4 % p re f. s t o c k
o f t h e $ 1 4 , 0 0 0 , 0 0 0 a u t h . ) . a n d o p e r a t e s t h e r o a d a s p a r t o f i t s m a i n lin o t o
O m a h a , u n d e r a 1 0 0 - y e a r a g r e e m e n t d a t e d A p r i l 3 0 1 9 0 1 , a n d la t e r m o d if ie d ,
t h e M . C . A F t . D . r e c e iv in g 6 0 % o f a l l e a r n i n g s f r o m b u s in e s s I n t e r c h a n g e d .
A n y s u r p lu s o f n e t e a r n in g s a f t e r p a y m e n t o f In t e re s t o n b o n d s a n d p re r
s t o c k Is t o b e h e ld In t r u s t b y C . G W . f o r p a y n j e n t o f n i t u r e c m iiio n s ^
T h is s u r p lu s o n J u n e 3 0 19 09 a m o u n t e d to $ 1 ,0 6 9 ,7 1 4 .
I n t 9 ° .) $ 1 2 , 0 0 0 , 0 0 0
4 % b o n d s w e r e s o ld .
C o m p a re C h ic . G re a t W e s te rn R y . a n d V . 7 3 , p . ooo,
6 16 . 7 2 2 ; V . 7 7, p . 640, V . 78, p . 1782; V . 8 0. p . 2 6 2 1.
I n 1 9 0 8 -0 9 , g r o s s , $ 1 , 9 1 9 ,9 6 6 ; n et, $ 5 7 1 , 4 7 2 ; other I n c o m e $ 2 0 , 1 0 6 ,
ch arges, $ 6 9 7 , 5 0 5 ; b a l. , d o t ., $ 1 0 5 , 9 2 7 . L ater earnings I n c lu d e d i n those o r
C . G . W . syste m . — ( V . 8 8 , p . 1 4 3 7 . )
M A S S A W I P P I V A L L E Y R Y . — P r o v in c e L in e to
Q u e . . J?.4
m ile s , w i t h b r a n c h , 3 m .; t r a c k a g e t o S h e r b r o o k e . Q u e ., 3 m .. t o t a l, 4 0 m .
L e a s e d f o r 9 9 9 y e a r s f r o m J u l y 1 1 8 7 0 t o t h e C o n n e c t i c u t & 1 a s s u m p s lo
R iv e r s R R .
S t o c k . $ 8 0 0 , 0 0 0 ; p a r o f s h a r e s . $ 1 0 0 ; d i v i d e n d s p a y a b le F e b .
an d A u g . 1.
D i v i d e n d s , f o r m e r ly 5 % . 6 % s in c e J a n . 1 9 7 .
O f th e sto ck ,
$ 4 0 0 , 0 0 0 o w n e d b y t h e C o n n . & P a s s . R i v e r Is d e p o s it e d u n d e r It s m t g e . a n a
$ 5 0 , 0 0 0 r e p r e s e n t e d b y C o n n e c t i c u t T r u s t & S a f e D e p o s it C o . o f H a r t f o r d
5 % t r u s t c e r t if ic a t e s w a s p u r c h a s e d F e b . 1 1 9 1 0 u n d e r It s o p t io n a t p a r .
McCLOUD RIVER RR.— O w n s f r o m S is s o n , C a l . , t o M c G a v I o , 5 0 . 6 m ile s
S to c k . $ 1 ,2 0 0 ,0 0 0 .
B o n d s ( $ 1 , 2 0 0 , 0 0 0 a u t h . ) . M e r c a n t i le T r u s t C o . . San
F r a n c is c o , m o rtg a g e t ru s te e .
V . 85, p . 1005.
I n C a l. y e a r t 0 9 9. g ro s s,
$ 4 2 7 ,1 5 5 ; n e t, $ 2 0 2 ,8 4 9 .
F o r y e a r e n d in g J u n o 3 0 1 9 0 9 , g r o s s , $ 4 2 7 , 0 8 9 ,
n e t , $ 1 6 0 , 9 3 3 : I n t . , t a x e s , & c . . $ 1 5 1 , 0 9 3 : b a l. , s u r . , $ 9 , 8 4 0 .
P r e s , and
G e n . M g r . , J . I I . Q u e a l, S a n F r a n c i s c o , C a l . — ( V . 8 5 , p . 1 0 0 5 . )
MEADVILLE CONNEAUT LAKE & LINESVILLE.— M e a d v l l l e to
L l n e s v l l l e , P a . , 2 0 . 5 m ile s , a n d b r a n c h e s , 1 .2 m ile s ; t o t a l, 2 1 . 7 m l le s . L e a s e d
to J u n e 8 1 9 9 0 t o P i t t s b u r g h B e s s e m e r & L a k e E r i e R R . ; r e n t a l, 2 5 % or
g ro s s e a rn in g s .
S t o c k . $ 2 0 0 ,0 0 0 ; p a r, $ 5 0 .
MEMPHIS DALLAS & GULF RR.— O w n s f r o m M u r f r e e s b o r o , Ark.,
s o u t h w e s t t o A s h d o w n , 4 1 m ile s ; e x t e n s io n s p r o p o s e d n o r t h t o M e m p h is ,
T e n n . , 2 5 5 m ile s , a n d s o u t h to D a l la s , T e x . , 18 6 m ile s .
In J u n e 19 10 a c
q u i r e d t h e U l t i m a T h u l e A r k a d e l p h l a A M is s i s s i p p i R R . , D a l e v l l l c , A r k . , t o
S p a r k m a n , .and t h e A n t o in e V a ll e y , G r a y s o n l a to M c L e o d , A r k . , t o t a l , 28 m .
S t o c k a u t h o r iz e d , $ 7 ,8 7 5 ,0 0 0 , a s In c re a s e d J u l y 1 9 10 ; p a r $ 1 0 0 ; o u t s t a n d
in g S e p t. 1 9 1 0 , $ 6 4 0 ,0 0 0 .
S t o c k h o ld e r s In M a y 1 9 1 0 a u t h o r i z e d a m t g e .
to s e c u r e $ 6 , 2 6 0 , 0 0 0 3 0 - y e a r 5 % b o n d s t o e x t e n d r o a d . V . 9 0 , p . 1 2 3 9 . O f
t h e $ 6 4 0 , 0 0 0 6 s , t h e $ 4 2 0 , 0 0 0 s o ld a r e g u a r . , p . & L , b y t h e N a s h v i l l e ( A r k . )
Lum ber Co.
L o a n s a n d b i lls p a y a b le J u n e 3 0 1 9 1 0 , $ 3 5 , 9 5 5 ; c o n s t r u c t i o n
n o t e s , $ 1 8 6 ,8 4 1 .
F o r y e a r e n d in g J u n e 3 0 1 9 1 0 ( a v e r a g e 4 4 m i le s ) , g r o s s , $ 1 4 9 , 4 6 9 ; n e t ,
$ 4 2 , 8 8 2 ; o t h e r I n c o m e , $ 1 6 , 7 9 1 ; ln t . a n d r e n t a ls , $ 4 2 , 4 8 3 ; b a l. , s u r ., $ 1 7 , 1 9 0 .
P r e s ., W . W . B ro w n , C a m d e n , A r k . ; S e c ., J . W . B is h o p , N a s h v ille , A r k . ;
T r e a s . , W . E . B a r k m a n , A r k a d e l p h l a , A r k . — ( V . 9 1 , p . 1 5 4 .)
/MEMPHIS UNION STATION CO.— T o o w n u n i o n p a s s e n g e r s t a t i o n a t
M e m p h is T e n n . , to b e u s e d b y L o u l s v . A N a s h v . , N a s h v . C b a t t . A S t . L . .
S o u t h e rn R y . , S t . L . I r o n M t. * S o . a n d S t. L o u is S o u t h w e s t e rn .
In te re s t
c h a r g e s a n d e x p e n s e s a r e to b e a p p o r t i o n e d a m o n g t h e lin e s o n t h e u s e r
b a s is .
S to c k , $ 1 0 0 ,0 0 0 .
I n N o v . 19 09 m a d e a m tg e . to th e B a n k ers
T r u s t C o . o f N . Y . , a s t r u s t e e , to s e c u r e a n I s s u e o f $ 3 , 0 0 0 , 0 0 0 5 0 - y r . 4 /&
g o ld b o n d s d u e N o v . 1 1 9 5 9 , g u a r . J o in t ly b y 5 r o a d s n a m e d , o f w h i c h $ z .
0 0 0 . 0 0 0 Is p le d g e d t o s e c u r e a n I s s u e o f $ 1 , 5 0 0 , 0 0 0 g u a r . 2 - y r . 5 % n o t e s
w h ic h h a v e b e e n s o ld (s e e t a b le a b o v e ) .
V . 89, p. 14 11: V . 90, p . 2 3 0 ,
V . 9 1 , p . 94; V . 8 9 , p . 1 5 4 2 . — ( V 9 0 , p . 2 3 6 ; V . 9 1 . p . 9 4 .)
RAILROAD COMPANIES
[For abbreviations, A c., see notes on first page]
Miles Date
Road Bonds
Manila RR— 1st M Sou Lines g Int gu sf red 110Fc*&r*
1909
1st M on “ Nor Lines” (2d on Sou)$7,500,000 au Ce
1907
2d M on "Nor Lines” (3d on Sou) $12,500,000 au N
1907
Manistique & Lake Sup— In cM 4 % n-c $1,300,000 au
68 1909
Manist & N I-— 1st M g due part y ’ly red text AC c*
165 1909
Manitou & Pike’ s Peak Ry— 1st M $500,000 g __ pc*
0 1908
Marietta Columbus & Cleve— First M $250,000 g."_ K
44 1890
Md Del & Va—1st M $2,000,000 auth gold guar p A 1
71 1005
Maryland & Pennsylvania— York & Peach Bottom M
40 1882
First mortgage $1,200,000 gold call at 105-MeBa.c*
80 1901
Income mortgage $900,000 4% cum call at par.AlBa
80 1901
Maryland & Pa Ter 1st M $200,000 ggu p A 1red 110
1906
Mason City & Ft Dodge— 1st M $12,000,000 g.Ce.cAr
378 1905
Massawippl—Stock guar same dlv as Conn A Pass__
37
McCloud River— First mortgage $1,200,000.................
1907
Meadville Conneaut Lake & Linesvillc—First mtge__
'22 1891
Memphis Dallas & Oulf— First mtge $6,260,000 gold.
1910
Mem Paris A Gulf— 1st M gold red 103 begin 1919..
’08-’09
Memphls Un Sta— Coll notes red beg May 1910 .Line*
1909
Meridian Terminal— First mtge $250,000 g gu.S c*Ar
1905
Mexican Central—See National Railways o f Mexico
Mexican International—See National Railways of Mex tco
Mexican Mineral —1st M $500,000 g red 110 s f
Alo
16 1899
Mexican Northern— Stock, $3,000,000...........
First M U S gold, red 105, s f . ........................ q c »&r
83 1890
Mexican Railway Limited—Ordinary shares.. .
First preference stock 8 % __________
Second preference stock 6 % ..................I .................
Perpetual 6% debenture stock.................... 1...........
361
2d debens £1,000,000 auth red par beg 1912 8 f
1909
Mexico North Western— 1st M gold red te x t..
1909
Michigan Central—.Stock............................
.........
first mortgage $18,000,000 gold_________ -(L c»A r
270 I662
M C Michigan Air Line first mortgage_____ Un.c&r
115 1890
M C 1st M on Detroit A Bay City ($4,000,000). Un.c
171 1881
do
bonds without coupons____ "r
171 1881
84 1909
M C new M on Gr Rlv Val $4,500,000. g text.Gc&r
H. JlS81 p o r t a e on Kalamazoo A S Haven. Un r
39 1889
Mich Cent 1st M on Jack Lans A Saginaw gold_c*Ar
350 1901
M C 1st M on Joliet & Nor Indiana $3,000,000 gold
45 1907
_ a Exclusive of $952,000 held by sinking fund, b $1 0,000 addltlo
Par
Value
Amount
Outstanding
$1000, Ac
$ 2 , 000,000
Rate
When
Payable
Last Dividend Places Where Interest and
and Maturity
Dividends are Payable
4g
M & N May 1 1939
N Y, London, Ac
f>
See text
Jan 1 1956
See text
7
April 1 1956
1,000 1,100,000 Up to 4
Aug 1 1934
Detroit
1,000
1.500.000
5g
Jan 1912-1939 N Y A Grand Rapids
1,000
500.000
Oet 1 1928
8e
New
York and Chicago
1,000
250.000
5g
Nov 1 1940
1,000 2 , 000,000
5g
Feb 1 1955
Treasurer’s Office, P hi'll
50 Ac
202,450
5
Apr 1 1932
First Nat Bk, York Pa
1,000
897.000
4g
Mch 11951
Brown Bros. N Y; A Balt
1,000
900.000 4 In 1910
Apr 1 1951
do
do
1,000
200.000
5g
May 1 1936
Alex Brown A Sons. Balt
1,000 12, 000,000
Junel 1955
J P Morgan A Co, N Y
100
800,000
2*
Feb 1 1911 3 % Safe Dep A Tr Co, Bost
1.000
1.200.000
5
April 1 1937
1.000
200,000
5
July 1 1921
Merch Nat Bk, Meadv.’Pa
NoneSep’ 10
5g
1940
1,000
640.000
Jan 1 1928-29 Merc Tr "Co."Little R k'A r
1,000
1,500,000
8*
Nov 11911
1,000 Ac
250.000
4 g
May 1 1955
Standard Trust Co, N Y
%
b340,000
6 g
Aug 11919
GuarantyTrust Co, N Y
3.000.
4 000
In 1910
Nov 1 1910 2%
a708,000
See text
8 g
Office,
82 Beaver St". N Y
£10 £2,254,720
Oct 221910 H %
£10 £2,554,100 8 In 1910
A
Oct 221910, 4% Glyn,MIlls,Currle&Co,Lon
£10 £1,011,960 4 7-16’ 10
A
Oct 22 1910,3%
do
do
£10 £ 2 , 000,000
6
A
Perpetual.
do
do
£100
£ 5 0 0 .0 0 0
A
4H
Dec 1960
do
do
£100 £3.632,600
5g
A
Mch 1 1959
Guar Tr Co, NY A Tor
$100 C $ 1 8 7 3 8 .0 0 0 6 In 1910
A
Jan 28 191113% Grand Cent Station, N Y
51.000 Ac $14,000,000
A
3M g
May 1 1952
Reg at G C S; cp at G Tr
1.000 Ac 2,600,000
4
A
Jan 1 1940
Reg at G C S; cp at U Tr
1,000
4.000.
0005
A
Mch 1 1931
Union Trust Co, N Y
1.000 Ac
5
Q— M Mch 1 1931
Grand Cent Station, N Y
1.500.000
4 g M & S Sopt 1 1959
1,000 Ac
700,000
5
M A N Nov 1 1939
Grand Cent Station. N Y
1,000
1.725.000
3W g M A S Sept 1 1951
Reg at G C S: cp at G Tr
1.500.000
4 g J A J 10 July 10 1957
Guaranty Trust Co, N Y
nal In sin king fund.
MERIDIAN TERM INAL CO.— Owns passenger station at Meridian Miss
Jo'oCy w,Ith four other roads, covenants to pay New York Central Lines
opened Sept. 1 1906, and used by the Southern Ry., Mobile A Ohio’ New $30,000,000
car trusts of 1907 and 1910, the company’s share of equipment
Orleans A Northeastern R R .. Alabama A Vicksburg and Alabama ’Great letised being $3,906,382
and $4,300,000 respectively. V. 85, p. 1402; V. 86,
Southern, which own one-fifth each of the capital stock ($100 000 auth
of which $89,000 Issued July 1910), and guarantee the bonds jointly and p. 108; V. 88, p. 761; V. 90, p. 1677.
Ef £ Nw GS.V— 11, ^ os” / 191° - .........Gross, $27,117,325; net, $7,402,185
Jan. 1 to Nov. 30.
U909--------- Gross. 25,070,416; net, 8,248,450
sfidfe>a01- Prea” D- D- c^
SeoMEXICAN INTERNAT. RR.— Merged July 1 1910 Into Nat. Rys. of Mex.
r
™ V
enJim ™ “
P°rt f°r 1909i $ J eneth w,?9& v - 90’ p’ 691’ 740
Fiscal
Total rec’ts Net rev.
Net rev.
other
Int. on Balance. Railroad revenues...................
$27 415 467 $24 222 ' l 3 9 + 8 3 in ? 3%
Year—
(Afex.cur,) {Alex.cur.) (P,iS. cur.) Income Rond*
nm
1909-10----- $8,020,854 $3,470,575 $1,738,288 $18,773 m i A f o t d & f f i i
^ S S s ^ .^ :::::::F F E :
843,519
+97,962
MP X lC4 lY>N0 RTHF,*N R Y '— Owns from Escalon, Mexico, on the Mex - -3 Dross corp. Incom e............................ $8,684,736
can Central R y.. to Sierra Mojada, 83 miles, all steel.
$7,157,163+$1,527,572
Rentals leased lines..................
$510 310
$510,310
m fm P £ ? iiS w pltJ fv t0Sk W
00 ,00 ° : par of shares, $100 ; see application Interest on bonds, A c_........................... 3 . 198’ 875 3,110,835
+ 88.040
In full for listing on N. Y. Stock Exchange. V. 64. p. 619.
Other rents A mlscel__________
659 *360
495,451
— 163,909
894’ 769
hnnd«Jtnnn Pn°? iosnWM arm.ng?? t0. extcnd the 5708,000 outstanding 6 % Hire equlot., lncl . Int.................... *
1,018,312
— 123.543
548.925
*952 ooo^nn’dVheM > ?£ 1Ig,atI!5n*t0 pay to the sinking fund Interest on the Add’l equip., betterments, A c...........
395,135
+ 153,790
1,124,280 1,124,280
i)° l?d,s held by the fund to cease; but sink, fund of 5 % of gross Dividends, 6 % _____________________
Decj *1*1910
*i>f8n
\ond3,1910
acquired
by the fund nf
after
{•
. » *d vV.t 88
, p. t,°,
1437,Hf-mV
1500.5 ° ?In lIDeo.
over three-ouarters
tho
Balance, surplus._______________ $1,748,217
$502,840+$1,245,377
bonds had consented to the extension. V. 89, p. 104; V. 91, p. 1026.
Pres., Wm. C. Brown, N. Y .— (V. 91, p. 276, 1026, 1160. 1328.’)
DIVS.—
I ’ 93. ’94. ’95-’ 99. ’00. ’01. ’02. ’03. ’04-’08 ’09
19IO
MIDDLETOWN
UNIONV1LLE
&
WATER
GAP
R R .-(S e e M ap Erie
5 4>S 2)4 i u None ’ 13 ’
4 ®' RR. Co.)— Owns from Middletown, N. Y ., to Unlonvll'e,
Percent---------- j 0>4 6 4 y ’ly.
N. Y 13 65 miles
, , S n kmL V L 4? 09 2 Z°
hnlf-year ending June 30 1909;’ Dec. 22 1909, Stock, $149,850; par. $50. Controlled, through stock, by N. Y. Susq. A
11%, belng2% for period from Jan. 1 1903 to Jan. 1 1909. V. 89, p. 1280. West., which pays Int. on bonds. OITer was made to extend the $250,000
REPORT.— For year ending Dec. 31, U. S. currency.
2 d os to Nov. 1 1911 with Interest guaranteed by N. Y. Susq. A West.- all
Year—
Gross.
Net.
Oth. Income. Charaes
Snrniu*
the bonds not consenting, principal was defaulted June 1 1910. V.91.P.154.
$190,047
$56,804
$115 184
$130 024 V. 90, p 1363. In Dec. 1910 a committee (Charles I. Henry, Chairman:
4999 ---------$311,686
1908
397,176
256,217
51 617
123 705
184 128 Robert G. Starr, 20 Broad St., Sec.; Empire Tr. Co., N. Y ., depositary)
— (V 88 , p. 1313, 1437, 1500; V. 89, p. 104. 1280; V. 91, p 1026 )
requested deposits of 2nd M. bonds. V. 91, p. 1512
In vear 1909-10
gross, 571,046; net inc $26 016; Int., taxes. Ac ..$31,911; tal.fSS..^$5?895!
MEX. UNION.— V .91,p . 39 . 215. MEX. DEL.CEN.— V . 91 ,p .215 1630
IV . UI, p. 1D4, 1447, ir>l J.)
MEXICAN SOUTHERN RY,— See page 170.
MIDLAND VALLEY RR.—Owns and operates from Excelsior. Ark
MEXICO NORTH WESTERN RY.— Owns Chihuahua to Mlnaca 1?2
U o y e A r k ” and north to Fidelity. Ark.; also from Excelsior west
miles; and La Junta to Tcmosachlc. 55 miles; El Paso to Terrazas 160mlles- toSIlverdale,
Kan., and from Jenks, O. T., to Glenn Pool. O. T ., a total of
El Paso Southern Ry. (terminals In El Paso), and TomosachWto Ma
l
09,.A
1
1le
.8:
operatcs under trackage from Maney Jet., Ark., to Ft
dera 32 miles; total 370 miles; contracts have been let to con- Smith, 16 maIso
and Sllvcrdale to Arkansas City, Kan., 9 miles: total oper
?r£rCwi?£v,e nSnns V0m Terrazas to Madera amounting to about 105 miles ated, 324 miles. Sec V. 78, p. 702, 1109; V. 80, p. 2345. Stock author(for which concessions have been granted), which It Is expected will he In •zed. $0,000,000: outstanding June 30 1910, $8,013,000; par of shares, $50.
operation by Junc 11911. One terminal will be at El Paso Tex and an"
The McPherson Wichita A Gulf RR. was Incorporated In Sept. 1910 to
1909ralsoCacaufreTtlmhbe°rti1« ° fHwh.lch, la.riro smelting works exist. ” In Aug. S d ,anw t?!?3l^?,J1ronJ Arkansas City, Kan., northwest to McPherson,
Lumber Co in all ahm t s nr>odo™ ncIUd,nF those ot slerra Madre Land A 120 m., but thc Midland Valley has assumed no obligations therefor.
w ^ h w hf be cut andUsU i00V e 0e0V C8e8S;
' T s o T L T t i o ™ ' * ' I.r,a9iN?<u>'ooJ.D NOTES.— On Dec. 1 1910 the $5,980,000 R R . 5% bonds
and $l,2o0,000 car trusts and tho $1,650,000 Cherokee Construction Co 6%
Stock, $40,000,000 (par, $100), of whlchP$15.o6o,o6o is’sued3Oct 419%.
cind the railroad issued, per plan V 90 d 1676* fli
10?0°m av’f^mr™ n 1|ll?llt £P’00,0 -000- of which £3,632,600, Issued June
C^ ed W - Prior lien 5s (secured on the^prope?tyP6f ^the Mid
DMfaPm&MsM®S n n 5 T Xt<!^ l0,ls; terminals, double-tracking and other land Valley R R . and also on the rolling stock and by plcdere of all the bond*
X , . ; } n n P iS ,^ NiaVoK
nnaLTrust Co,’ of Toronto, trustee. Bonds are redeem«nnMeriPin
, 4, 49d? *>y annual paym’ ts, commencing In 10 years, to be
wlinie at
v afl^rawi I15s
p,ar or by p,lrchase at or below par. or as a
1™5’ Yv?8,
749- Coupons payable at Bank of Scotland, London,
Guaranty I rust Co., New York, anil Bank of Commerce, Toronto.
fzi
EARNINGS.— (Mex. cu r.)fl9 10........ Gross, $2,024,701; net, $1,126 273
8h\n havreaTeen0 caP C S ! 6" mtffC’ WhCnevCr 51’ 500’000 pr*or lien bonds
Jan. 1 to Nov. 30.
11909------- Gross, 1,151,939; net,
411,938
« i « aac,o f 1-009 existing bond received about $711 11 new bonds and
OFFICERS.— Pres.. F. S. Pearson, 25 Broad St.. N. Y.: V.-Ps., E. D
Kcnna and Walter Gow, N. Y.; E. C. Creel, Mexico City, Mex.; Sec Clar
com ° ‘ n y
ence Wells. Office, 20 Exchange Place, N. Y .— (V. 91, p. 790.)
r
100
1.000
I™ i J T i o f S
MICHIGAN CEOTRAL RR.— (.See Maps New York Central A Hudson
RiAC,\\rt~f ’fN p OF ROAD.— Main line—Kensington to Detroit, 270 m "
Mnd
t0 busl,eas,on Bridge (Canada Southern), 226 m.; total main
Branches owned and leased, 1,236 m.; trackage (111. Cent.)
Into Chicago under perpetual lease. 14 m.; total, Jan 1 1910 1 746 miles
S
a
hllInvsr0Mleh
m;
o° Johannesburg,
t £ ntrac^ and 14
/ ; 293
s ld r t r L
k s J1910.
^B m nW om
Sailings. Mich., to
m., wasof opened
May
Gh'?aK,? Kalamazoo A Saginaw Ry., Pavilion to Woodbury, Mich., 55 m ,
Is controlled but operated independently. V. 84 p 50
O n + toD fltm it eMiYh1CI 11?1-,1101 ri°ad unc% th.c Detr°it Elver from Windsor.
SSnnel ( 2
f ” 2; 42,l\1'
th? charter of the Detroit River
Jan 1 1907 P
n o M n «fflc 7uly 29 191°. Is leased for 999 years from
« “ i>.
» o T 7 1 0 ? 1VW-.1 .Vi . “207«.I>- 2M 3: V - 8 2 - » - “ 5 0 ; V -
v a v P r M R ^ n Cent
* Hud’ Rlver R R - Co- ln April 1899
fiw fi.M o oi1h3,1 t » j ; s0;0yoT .Sll SunS . ,or “ °°
T
ani1 ~ ,” lds
'W
jy-bW- '°l '°f- 'T
W«
«
^ Teeji <*■ Sturgis bonds for $500,000. but of this $79,000
H,an8 i.VY- . U.ccd L)y the Lake Shore A Mich. So.. 7 miles of the B. C. A S.
S
“ p e lte d by that company. The $1,725,000 3Ks of 1901 are a 1st
mtge. on the Jackson Lansing A Saginaw RR., 350 miles (V. 73. p. 1061;
° f the $18,000,000 3 ><js of 1902, $4,000,000 are rcFlrsf l J
11°l 8Vr*c\ V ’ 74' P- 728-- V' 76. p. 102; V. 83, p. 1229.
F r i i i e nf 0 ) el;D4 Northern Indiana, see V, 84, p. 1367, 1428. P
£ Del\t uar; 43 of 1900' see V. 82, p. 930; V. 85, p. 406.
Y.je t^.ctro11 River Tunne! bonds, authorized Issue $15,000,000 (see above).
'innj10 exceeding 5% , will be guaranteed. V. 82, p. 868, 1156/
Ized o/ wh1|?h0* 7na?AUnnnt J2A*090’000 4 v> 2° -year debentures was authorrv!1 ca *7,636,000 sold to provide for advances to Detroit River
Tunnel Co., and In June 1910 $17,364,000. of which part to retire the
on°Cr0a0nd°ni8v?r
?T?r>Fc«.’
o t thc *4.S00,000 authorized 4s
An Gnml S? 8nn nrm
Slt800>1000 arc reserved for double-tracking,
1254: V 90.’1p.°iM°4;toL ^ 9 "
o V ® ’ P’ ° 45’ 10° 2’ 1061 ’
1160 ^13281910268° ld 50’000,009 rrapcs 4 ^ % one-year notes. V. 91, p.
““
81^48 nan- LYCarr.Cndin!? ,ruli? :!,° 1910 ln v - 92> p - 114- showed: Gross,
eouln8 ’0! ? ’
tAx,e3’ 5351,851; other Income. $6,340; Int., hire of
equip., Ac., $349,208; balance, surplus, $8,982. Pres., Charles E Inger— (VS 90, p i676T v . 92, p'.
° fflCC’ Franklln Bank Bldg” pll'la.
B m V rK fnn^nK ,^ M INE H ILL NAVIGATION & RR.— Mill Creek Jet. to
BroadMountaln, Pa,, 3.81 m.; second track, 3.81 m.; total track 34 7
miles. Leased In 1861 for 999 vears to Phlla. A Reading RR •lease as
sumed In 1896 by Phlla. A Reading Railway, rental, $33,000 and taxe^
M ILL&SCHUYLKILL HAVEN RR.— From Schuylkill Haven’ to
Gi isQ 7
Lnternrlse Jet., 39.15 m.; 2d track, 17.05 m.; tot.track, 136.86m.
Tan[SV
i Dm.ed *2
°,n stock under new lease for 999 years from
,Phl|a- & Read. Ry. Co.; 2 14% Is paid In Jan. and 3%
ln July, )4% being deducted for taxes.— (V. 63, p. 1011.)
'
MINERAL RANGE RR.— Houghton, Mich., to Calumet. Mich 14 m
Hancock to Gratiot Mine, 23 m.; branches, 31 m.; South Range exten., Kfr
««£>°™J?S’T ConsJ<?IS fo^ 51.000 are reserved for $3,000 old bonds. Of the
$593,000 outstanding, $339,000 aro 5s; the Can. Pac. on June 30 1910
owned the remaining $254,000 (which are 4s) and the $1,000,000 gen mtge
4s, both of which It guar, as to Int. V. 75, p. 554. See V. 73. p 536 616
V. 73, p. 785. Of tonnage In 1909-10 89% was ores and mining products'
Equip, trust notes Oct. 31 1910, $536,484, lncl. $104,361 deferred Interest.
EARNINGS.— For 5 months ending Nov. 30:
, „ ’?XV/o5-—
Gross.
Net.
Other Inc. Charges. Balance
4949.................. ..$314,941 op.dcf.S3,107 $7,558 $65,899 def $61,448
1999...................... 369,495
61,307
1,533 66,018 def. 3,178
REPORT.— For year 1909-10, gross. $826,500; net after taxes, $44 ’626i , 3 -300: ,,,h' r
- M I N N E A P O L I S & S T . L O U I S RR.— (See M ap.)— Owns main line MlnneapoHs to Angus, la.. 260 miles; Western Dlv., Hopkins to Watertown,
a. u ., 216 miles, Kalo Branch, 1 m.; Lake Park Branch, 1H m.; Win-
RAILROAD COM PANIES
[For abbreviations, &c., see notes on first page]
Miles Date
Road Bonds
Mich Central (Concl)— Debentures gold----- G.xc*&r*
One year notes..........................
,
.
Jack Lans & Sag stock 3 X % yearly guar by en d -84
Grand River Valley stock rental in perpetuity - 18
Bay City & Battle Cr 1st M g guar p & 1end--Mp.c+
41
Battle Cr & Sturgis 1st M g guar p & I end--M p.c*
59
TolCanSo& DetlstM $4,500,000 g gu p&l(end) Q.c*&r
Detroit River Tunnel 1st M $15,000,000 guar
Cl
13
Middletown Union & Water Gap— 1st M ext In 8 6 .c j
Second mortgage (see text)--------------- - ------------- c
299
Midland Valley— Prior Hen $6,000,000 gold------------c*
299
General consol M see text-----------------------------------Coupon notes gold---------------------------------------------Mill Creek & Mine Hill Navigation & RR—StookMilwaukee Lake Shore & Western— See Chicago & No rth'W
Milwaukee & Northern— See Chicago Milwaukee & St Paul
39
Mine Hill & Schuylkill Haven— Stock (6% rental). . .
16
Mineral Range— Consol mtge (text) gold red at 105-.c
73
General mortgage Interest guar by Canadian Pac.F
34
Hancock & Cal cons mtge gold red at 105 assumed
/Minneapolis & St Louis—Common stock................ Ce
Preferred stock (V 70, p 1150) 5% non-cum------Ce
109
First M Merrlam Junction to Albert Lea, gold-F.c*
92
Pacific extension first mortgage gold................ Ce.c*
354
First consol M closed M g (V59,p 1145) _-Ce.c* &r
632
First & r e t M $25,000,000 gold ($18,000 p m) ...C e
Gold notes $4,000,000 sec by coll extended ’ 1 0 ...C e
230
Minn Dak & P 1st M $50,000,000 g red 105_Ce.c*&r
Car tr ser A g due $60,000 y ’ly(V 88.p. 1373).. PeP.c*
Car tr ser B g due $18,000 yearly--------------- Pe P.c*
Minn St Paul & S Ste Marie— Com stock $28.000,000Preferred stock 7% non-cum. $14,000.000-----------Wisconsin Central leased line ctfs $12,500,000 auth.
495
Minn Sault Ste Marie & Atlantlo 1st M gold--Ce c*
286
Minneapolis & Pacific first mortgage...............Ce.c*
Cons mortgage gold lnt guar (end) see text.--C e.c* 2,710
2,710
Car trusts due $96,000 semi annually----- - -
do
do
due $61,000 semi-annually.
Amount
Outstanding
Par
Value
Rate
%
1909 $1,000&e $25,000,000
4g
50,000,000f r. None.
1910
100 2,000,000
3X
491,200
5
100
250,000
1,000
3g
1889
421,000
1,000
3g
1889
4g
1906 1,000 &c 3,100.000
N’ neDec’ 10
1906
150,000
1866
100 &c
5g
250,000
5
500 &C
1871
1910
100 &c 6,000,000
5e
6
As collat’l.
1910
6
100
1,800,000
1910
323,375
10
25
estern
50
500 &C
100,000
1,000
100
100
1877
500 &c
1,000
1881
1894
1,000
1,000
1899
1906
1,000
1.000
1906
1,000
1909
1,000
1910
100
100
100
1,000
1886
1,000
1886
1,000
1888
1,000
1899
1.000
1.000
1,000
1886
c Of which >16.819.300 held'by N V C & H R RR Co . Of which he
1891
1901
1891
throD Minn., to Storm Lake, Minn.. 154 m. Leases trackage from Minne
apolis Vo St. Paul over St. Paul & North. Pac. R R .. 10 m.; from Spencer to
Ruthven over Ch. M. & St. P.. 12 H m.; from Tara to Fort Dodge, over 111.
Cent . * m.Tleases Des Moines & Fort Dodge R R ., Des Moines to Fort Dodge
and Tara to Ruthven, 137 H m.; also leases Minnesota Dakota & Pacific.
Watertown to Leola, S. D., 114 m.. and Conde to Le Beau, S. D., 115 m.,
trackage, 24 m.: total operated June 30 1910, 1,051 miles. Also leases to
B. C. R. & N. 13 miles.
HISTORY.— A reorganization In Oct. 1894, per plan In V. 59, p. 371,
Persons identified with Minn. & St. L. control the Iowa Cent R y., the
Ches & Ohio, St. L. & San Fr., also Tol. St. L. & West, (which controls
Chic. & Alton) and have a large Interest In Mo. Kan. & Tex. Des Moines
& Ft Dodge R R ., controlled, Is leased for 30 years from Jan. 1 1905.
V. 78, p. 2335; V. 79, p. 269, 1704; V. 81. p. 1430.
STOCK.— After 5% on each, preferred and common share pro rata.
a a T ' f ? 5 ?5
Comm on..........- % ) ----- None----- 134 4
,2 ™v 00
1677 ~
O npref., Jan. 1910, 2 J4%: none since to Jan. 1911. V. 90, p.
BONDS, &c.— Bonds due 1927, Nos. 1,101 to 1.400• ,*or * n ° ° R ^ d f lM *
mol tn t.hnsp jihnvn. were assumed by B. C. K* & N* (now L . K . i . cot' •).
1905
p A P M T N rs 5 mos , f 1909-10_____ Gross, $2,365,078; net, $702,243
Ju?y l to Nov 30
{ 1908-09______Gross. 2,318,737; net, 817,893
ReANNUAL REPO RT.— Annual meeting first Tuesday [In October
port for 1909-10 was In V. 91. p. 15®8.
1907-08.
1908-09.
V Year ending J une 30-—
1909'i1n27
1,027
1,005
Average miles operated------------------945 391 $4,171,315 $3,826,516
Gross earnings-------------------------------- 1 ani «02
1,133,465
995,469
Net, after taxes)--------------- - - --------- 1•fi'Jsa*
135,8351
Income from Invest., rentals. &c-----136’345
nK Inrnme
_____$1,437,947
$1,269,300 [Comparison
nn^rititerest
---------------------- 1,360.010
1,366,259] changed.
D lv o n p r e l.‘ -st-Jck ‘(5 % ) I 1.................
100’00Q
2Q0’0Qt)
: Balance for y e a r _______ ________ def.$22,063 def.$296,959
When
Payable
Last Dividend Places Where Interest and
Dividends are Payable
and Maturity
& O Apr 1 1929
Oct 31 1911
& s .Sept 1 1910 1 H
& J Jan ’ l l , 2 ^ %
& D Dec 1 1989
& D Dec 1 1989
& J Jan 1 1950
New York
J
J
M
& N Nov 1 1911
& D June 1 1910
& J July 1 1960
N Y Susq & West N Y
In default
Office, Philadelphia
J
J
Drcxcl & Co, Phlla
& D Dec 1 1912
& J Jan 1911, 5% Philadelphia
A
M
J
J
J
J
do
do
Jackson, Mich
Union Trust Co. N Y
do •
do
Grand Cent Station, N Y
4,210,200
J & J Jan 14 ’ l l , 2)4 Office, 119 S 4th St, Phlla
5H
55 Wall St, New York
593,000 4 g & 5g J & J Jan 1 1931
All owned by Canadian P
1,000,000
4 g J & J Jan 1 1951
55 Wall St, New York
325,000
5 g .1 A J Jan 1 1931
e6,000,000 See text J & J Jan 15 1904 2H Office, 25 Broad St
do
do
f 4,000,000 See text J & J Jan 151910 2 h
do
do
950,000
7 g J & 1) June 1 1927
do
do
&
Apr
1
1921
O
1,382,000
6g A
do
do
& N Nov 1 1934
M
5,282,000
5g
do
do
12.506,000
4 g M & S Mch 1 1949
do
do
&
Feb
1
1913
A
4,000,000
5g F
do
do
See text
4 g F & A Feb 1 1956
Penn Co for Ins, &o, Phil
A & O To Apr 1 1919
540,000
5g
do
do
180,000
5 g A & O To Oct 1 1920
20,832.000 7 in 1910 A & O Oct 15 1910 3M Minn office; checks mail'd
do
do
10,416,000 7 in 1910 A & O Oct 15 1910 3 h
& O Apr 1 2008
A
11,143,100
4
Bank of Montreal, N Y
8,204,000
4 g J & J Jan 1 1026
do
do
4 (5) J & J Jan 1 1936
286,000
do
do
50,705,000
4 g J & J July 1 1938
do
do
& J Jan 1 1949
3.500.000
4g J
do
do
& J To July 1 1917
5
J
1.167.000
do
do
A & o To Apr 1 1920
1.159.000
1st Nat Bk.St Paul,Minn
1.908.000 4 & 5 F & A Aug 1 1916
f $34, 100 .
M In treasu ry July 1‘910; e l l 64100.
REPO RT.— Report for year ending June 30 1910 was In V. 91. p. 787.
Year ending June 30—
1909-10.
1908-09.
1907-08.
2,461
2,360
2,304
Average miles operated------------------Gross earnings-.........- ......... - ......... ._$15,060,237 $12,339,755 $11,193,720
3,538,854
Net after taxes.....................
6,380,578
4,638,489
829,322
865,614
356,299
Other Income.........................
Total net Incom e......................
$7,246,192 $4,994,788 $4,368,176
Interest on bonds, & C - . ...........
$2,298,387 $2,224,390 $2,234,190
lnt. o n Wise. Cent leased line certs. _
443,969
109,402
133,116
Rental of terminals........ ............
103,394
127,351
Preferred dividends (7 % )............... .................
658,560588,000 488,744
Dividends on common.........(6^)1,233,120
(6)1,008,000 (5)693,015
Balance, surplus........................ .
— (V. 91, p. 790, 1026.)
$2,508,762
$937,645
$819,111
MINNESOTA TRANSFER R Y.— Union road owning 13.54 miles, ex
tending from Junction with Cnlc Mil. & St. Paul at Merrlam Park to Frid
ley (with stock yards, 8cc.); side tracks, 45.72 miles; total, 59.26 miles. V.
67, p. 956. Stock, $63,000, equally owned by Chic. MUw. & St. Paul, Nor,
Pac., Chic. St. Paul Minn. & Omaha. Minn. & St. Louis, Chic. Burl. &
Quincy, Great North.. Chic. Gt West., Minn. St Paul & Sault Ste Marie
and Chic. Rock Island & Pacific. Additional bonds can be Issued for Im
provements, &c. • Principal only Is payable In gold. Mtge. trustee,
Northwestern Trust Co., St. Paul.— (V. 67, p. 956.)
MISSISSIPPI ARKANSAS & WESTERN R Y — Owns from a point In
Drew County, Ark., to Gaines Landing, on the Mississippi River In Chicot
County, Ark.. 22 miles. Stock authorized. $220,000 Year ending June 30
1909, gross, $18,838; net, $2,001; bond lnt., $11,000; bal., def., $8,999.
Pres., A. P. Bliss, Saginaw, Mich.; Sec. and Gen. Mgr., A. F. Cook, Little
Rock, Ark.— (V. 75, p. 442.)
M I S S I S S I P P I C E N T R A L R R . — Owns from a point 1 4 miles south of
Hattiesburg, Miss., to Natchez, 1 6 4 miles. Including the former Natchez &
Eastern, Natchez, Miss., to Brookhaven, 66 miles, taken over by consoli
dation In June 1 9 0 9 . Extension proposed to Gulf of Mexico. Stock au
thorized, $ 5 , 0 0 0 , 0 0 0 ; outstanding July 1 9 1 0 , $ 3 , 9 4 0 , 0 0 0 , par, $ 1 0 0 .
Dividends of 6 % yearly paid to Oct. 1 1 9 0 7 ; none since to Dec. 1 9 1 0 .
Bonds.— 1st M. bonds dated July 1 1900 limited to *10.000,000.are.Issu
able at $25,000 p. m.: they are subject to call by lot at 110of°r y ^ rly fsinking
fund of $300 p. m. of road covered from July 1 1912; also as an entire Issue at
same price. They are guar., p. & 1., by U. S. Lumber Co. V. 88. p. 1561.
EARNINGS.— 5 mos., (1910.................-Gross, $386,515; net, $156,306
July 1 to Nov. 30.
11909_________ Gross, 356,852; net, 148,170
Year ending June 30 1910. gross, $848,817; net,,$302,168; other Income,
$44,222; betterments, $32,381; Interest on bonds, $105,000; bal., sur.,
$109,009. Pres., F. L. Peck; Treas., John T. Porter; Sec., G. F. Royce.
Office, Hattiesburg, Miss.— (V. 90, p. 1171.)
MISSOURI & ILLINOIS BRIDGE & BELT RR.— Has bridge 2.100 feet
long across the Mississippi Rver at Alton, 111.; also 2 miles of road. Owned
by Cleve. CIn Chic. & St. L .. Louisville & Nashville St. Louis Iron
MtnV & South., Balt. & Ohio, Missouri Pac., Wabash, Chic. Rqck Island &
Pac., St. L. & San Fran., Mo. Kan. & Tex. and St. L. Vandalia & Terre
Haute (Penn. RR. system). Incorporated In Aug. 1004 assucccssorof the
St. Clair Madison & St. Louis Belt RR. V. 79, p. 1642, 681. Stock,;$2.500,000; outstanding, $110,000. For year ending June 30 1910, gross,
$156,882; net after taxes, $130,158; bond Interest. $61,940; bal., sur.. $68 518. Pres., Henry Miller; Treas., I*. H. Hamilton, Sec., W. 1*. Bender,
Lincoln Trust Bldg., St. Louis.— (V. 88, p. 1128.)
llne^from^Sault Ste ^MarleAMlch* viaM VnneapoilstoPort^N orth Dakota,
Mo., extending southerly across the Indian Territory and the Texas cotton
belt to tidewater at Galveston, on the Gulf of Mexico, and to San Antonio!
Tex., and Shreveport, La., with branches. (*See this company.)
M .K .& T.R y.— Owned( 166 m.) Miles. M .K .& T .of Tex.-Oper. (328 m.) —
ilso trackage t^MhimSpolls, St.' pTunbelng replaccd by llne owned; V 83,’ St. Louis to Red River........ ...... 629 Tex. Cent. (99% stk. ow ned)-- 267
18
Hannibal, Mo., to Franklin Jet. 105 Wlch. Falls. R y ______INot
p. 38) and Sault Ste. Marie, 19 m.; leases Wisconsin Central R y., 1,061 m.
24
K. C., Mo., to Parsons, K a n ..
94 Den. Bon. & N. O .. [owned
t0 Extension R om ‘Moose Lake toPlumm er Minn 200.miles, was opened Parsons, Kan., to Okla. C ity .. 203 Wascom to Shreve__ j
Oct. 1910. In March 1910 purchased line Lawler, Minn., to Cuyuna, 37 June. City to Parsons, K a n .. 158 Op.Joi nt ly ( a ). — M . K . & T . R y . { M m . )
~7
K. C. Jet. to Paola, Kan___
86 St. Louis to Machens, M o------miles, not Included above. V. 91, p. 787.
Oklahoma City to Atoka______ 132 Kansas City to Paola_________
HISTORY.— A consolidation In 1888 of Minn. Sault Ste. Marie & Atl., Osage Jet. to Verdark. O kla..
’
79 Dewey to Bartlesville_________
7
Minn. & Pac., &e. See V. 46, p. 538, 609; V. 77, p. 628.
_
Fallis to Guthrie........................
23 Moran to PIqua.........................
In 1909 51% of Wisconsin Cent. com. stock was purchased, affording a Other branches---------------------- 151 (b) M . K . & T . o f T e x . (155 m . ) .—
Chicago connection, the road being leased for 99 years from April 1 1909. M .K .& T .of Tex.-Owned (1,129 m.) — Whitesboro to Ft. Worth--------7*
$11,143,100 4% leased line ctfs. were Issued (to Jan. 1911), secured by the Red Rlv.to Houston,via F t.W . 357 Houston to Galveston-----------Wls. Cent. pref. stock. V. 8 8 . p. 232, 564, 686 ; V. 89, p. 1668.
«
Denison to Hillsb., via Dallas.. 172 Sou. Pao. Connection, San A n t.
87 Austin to San Marcos and termlSTOCK.—Canadian Pacific In July 1910 o w n e d $10,515.30°_common Whitesboro to Henrietta______
nals at Austin.......................31
Greenville to Shreveport______ 150
and $5.2 57,700 preferred. Preferred stock has a prior right to 7 % (non
Other branches______________ 363
Total mileage operated---------3,353
In June 1910 acquired $3,964,600 of the $4,000,000 stock of Texas Cent.,
Waco
to
Rotan,
Tex.,
267
miles.
In
Jan.
1911 It was proposed to apply
8 DIVIDENDS.— ) 1*903. 1904. 1905. 1906. 1907.1908.1909. 1910.
for authority to lease or purchase the road and assume Its debt. V. 91,
Preferred (per cent) - ) 7
7
7
7
‘
a
6
7
p.
799.
See
BONDS
below.
.
Common (per cent)-J 2
4
4
4
4
3
“
' .
ORGANIZATION, Ac.— Reorg. In 1890 without foreclosure, V.49,p.719.
BONDS.— Can. Pac. guarantees by endorsement 4% lot. on all the bonds
In
Oct.
1909
a
large
Interest
had
been
acquired
by
Edwin
Hawley, B- 1 •
assenting to a reduction of lnt. to 4% . (See V. 50, P. 784, V. “ 1'absented
About one-half Minn. & Pac. bonds and practically all‘ overissues assented. Yoakum of the Rock Island Co. and Speyer & Co. V. 89, p. 993.
Abstract of Minneapolis Sault Ste. Marie & Atlantic mtge. In .
, p.
LAND GRANT.— Land grant In former Indian Territory (now Okla
243. The consol, mortgage of 1888, abstract V. 47, p. 142, was for ? 21 ,
homa), 3,110,400 acres, subject to Indian title. See V. 79, p. 903, IZBi,
000,000 on 800 miles (sufficient of this reserved to retire prior bonds) ana ror V. 81, p. 668, 1042; compare V. 67. p. 222; V. 55, p. 037; V. 61, p. 1155,
$20,000 per mile on all additions
V. 73, p. 185: V. 78. p. 820. V. 70 p
V. 77, p. 2339; V. 82, p. 1102: V. 84. p. 508, 1248; V. 85, p 736.
1332; V. 80. p. 651; V. 87. p. 1011. 1664; V. 89, p. 779; V 91. p. 1026
DIVIDENDS.— On pref., 1906 to Nov. 1910, 4% yearly (M. & N.).
As to second 4s, see V. 68 , p. 669. 771, 977; V. 71, p. 845; V. 85, p. 1646.
BONDS.— M. K. & T. 1st and 2d mtges. of 1890 (abstracts In V. 51. p.
EARNS. (Road proper.) 11910----- Gross, $6,161,760; net, 52,350,834
5 months, July 1 to Nov. 30.; 1909------Gross, 7,547.708; net; 3 ,608 ,202 495) cover, besides right to land grant, 1,599 miles of road, lncl. line lianni-
S
M?nn m
Fmerson '265^Ues- Thief River Falls, Minn., to Kenmare. N. D..
S
n I *
Pollock. 70 m.; Brooten
fuluth Min& ,
RAILROAD COM PANIES
[For abbreviations, A c., see notes on first page]
Mississippi Arkansas & Western— 1st M g red par.AC
Miss Cent— 1st M $10,000,000 g gu red (text)-.Sxc*
Mo& III Br& Belt—St C MA St L 11 1st M red g.SSt.c*
Consolidated mortgage $2 ,000,000 authorized goldMissouri Kansas & Texas—Common stock---------------Preferred stock 4% non-cumulatlve---------------------First mortgage gold------------------------------------------Ce
Second mortgage gold_______________________ --M e
First extension mortgage gold $3,254,000-----Ce.c*
St Louis Division first refunding mortgage------ F.c*
Missouri Kansas A Eastern 1st M gold assumed-.Ce
Second mortgage guaranteed, being retired------Sh Sh & So 1st M ($20,000 p m) gold assumed.Ce.c*
Kansas City A Pacific 1st M gold assumed----- Cec*
M K & Okla 1st M $5,468,000 gold assumed— Ce.c*
Texas & Okla 1st M $2,347,000 gold assumed-Cc.c*
First and refunding M $40,000,000 gold (see text) . F
Gen M $20,000,000 gold slnk'g fund red at par N c*
S W C & Imp 1st M assumed sink fund call at 125.F
New mtge $125,000,000 gold authorized______
One year 5% secured gold notes red at par___
Dallas A Waco 1st M $20,000 p m gguar p & I.Ce.c*
M K A T of Texas 1st M $20,000 p m_Ce.c*'lGuar pr
Boonvllle Brrdge 1st M gold sink fd .C e,c*/A Inter.
Missouri & North Ark—Allegheny Impt notes g red..
Mo Okla & Quit R y— 1st M $10,000,000 g red text SSc*
M O A G Ry & Term 1st M guar_______________
Missouri Pacific— Stock ($100,000,000 authorized) Paclflc RR of Missouri 1st M ext In 1888 gold— Me
Second mtge ext In 1801 In gold St L to K O -.c*
First mtge St Louis real estate ext In 1892 gold-.
Flrst mtge Caron B r g g u p & I (end) extend 1893
Third M ext In 1906 red 105 (V 83, p 492, 1348)Ce
Missouri Pac 1st M Lexington to Sedalla, Mo, gold.
Consol M $30,000,000 gold_____________________ c*
Gold collateral trust_____________________ Un.c*Ar
First coll M $10,000,000 g (V 50, p 669). -Me.c*rAr
Mortgage $37,255,000 g red at 102 t*---M e.xc*A r*
Ler A Casey V 1st M g gu (V 70, p 1095) assum.-c*
Date
M ties
Road Ronds
22 1902
164 1909
1901
1904
1.599
1.599
163
162
162
182
130
227
117
66
225
350
284
284
"15
297
57
1,076
1,120
671
'62
_____
....
Par
Value
When
Payable
1,000
$500 Ac
1,000
1,000
100
100
500 Ac
500 Ac
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
250 Ac
1,000
1,000
4 in 1910 M
4g J
4g F
5g M
4g
A
5g
A
5g A
5g J
4g
F
5g M
5g M
4g M
4H g J
6
J
&
&
&
&
&
&
A
&
A
&
100
1,000
1,000
500 Ao
500
1.000
500 Ac
1,000
1,000
1,000
500 Ac
1,000
5g F
5g M
5g
M
4g
M
5g
5g
M
5g M
See text j
4g F
5g J
6g M
4H g A
4
M
F
5g
M
6g
M
6g
F
5g
M
4g
5g J
1890
1890
1804
1901
1892
1892
1893
1890
1902
1003
1904
1906
1889
1910
1910 1,000 Ac
1890
1,000
1892
1,000
1901
1,000
1906
1904
100 Ac
1868
1871
1872
1873
1876
1880
1880
1887
1890
1905
1886
Rate
%
bal. Mo., to Boggy Tank (except 71 m. trackage), sundry branches, and
Sherman Shreveport & Sou., but see below.
Missouri Kansas A Eastern bonds were assumed In June 1896. (V. 63,
p. 30.) $4,669,000 St. Louis dlv. 1st refg. bonds reserved for retirement
of both Issues: balance for ext. and lmpts. V. 72, p. 1034: V 75, p. 608.
Sherman Shreveport A So. mtge. Is for $6,000,000 at $20,000 per m.; Iss’d
$3,689,000, of which $2,000,000 pledged under M. K. & T. mtge. of 1890.
Bonds, guar., were assumed on consol. In 1901. V. 72, p. 1034, 1115.
The Missouri Kansas & Oklahoma and Texas & Oklahoma bonds. Issued
at $20,000 per mile, guaranteed, have been assumed. V 74, p. 1038;
V. 75, p. 185, 733; V. 77, p. 252; V. 78, p. 48; V. 79, p. 968.
Of the 1st and refunding 4s of 1904 ($40,000,000 authorized Issue), $12,
037,000 Is reserved to retire divisional mortgages at or before maturity:
balance unissued ($17,525,000) for future purposes. They are payable at
the option of the holder In sterling, marks or francs. They are a second
lien on 507 miles of road and on the first mtge. bonds of Denison A Washita
Valley Ry., 47 miles, and a first lien on terminals and equipment of esti
mated value of $24,380,000. V. 79, p. 968, 1281, 1332; V. 80, p 222,
712: V. 81, p. 613: V. 82. p. 087, 1497; V 86. p. 1101: V 88. p 158,295.
Of the $20,000,000 gen. M. 4 Hs, $3,170,000 were sold In 1909 for equip
ment. Sink, fund, 2% of outstanding bonds yearly from Jan. 1 1911. V.82,
p. 218, 334, 692; V. 84, p. 1551: V. 85. p. 346, 654: V. 88, p. 101. '158.
The stockholders on June 30 1910 authorized a new mortgage, limited to
$125,000,000, to secure bonds bearing Interest from April 1 1910 at not over
5% . V. 90. p. 1491: V. 01, p. 336.
On Aug. 1 1910 sold $10,000,000 1-year 5% notes dated Aug. 1 1910, to
be ultimately secured by $3,000,000 M. K. & T . Term. Co. of St. Louis
1st M. 5% gold bonds, $3,856,400 Texas Central pref. and com. stock and
any additional amounts of the $4,000,000 acquired (or approximately
$3,700,000 Texas Central consol. M. 6% bonds and $300,000 stock to be
Issued In lieu thereof), and $6,300,000 M. K. & T. gen. M. 4H % bonds.
V. 91, p. 94. 463. 519, 799.
GUARANTIES.— Boonvllle Bridge 4s. see V. 73. p. 494.
Af. K . & T. 0} Texas mtge., $10,000,000, see guaranty, V. 56, p. 604.
The Southwestern Coal & Improvement Co.'s bonds arc guaranteed. Mort
gage ($1,000,000) covers coal lands In Indian Territory; the company also
owns 2,350 acres additional, Den. & Wash. R y ., 47 miles, mines, Ac.
LATEST EARNINGS.— For 5 months ending Nov. 30 (Including in 1910
the Texas Central):
5 Mos.—
Gross.
Net.
Other Inc.
Charges.
Balance.
1910............$13,227,737 $4,348,541 $125,124 $2,886,587 $1,587,078
1909
11,858,586
4,313,093
41,904
2,729,456
1,652,541
ANNUAL REPORT.— Annual meeting first Thursday after first Monday
In April. Report 1909-10 was given at length In V. 91, p. 786, 799.
1909.
1908.
1910.
Year ending June 30—
$26,559,346 $25,300,915 $23,283,669
Gross earnings_____________________ _______.—
Operating expenses and taxes_______ 20,198,967 18,634,715 17,120,350
5g
5g
4g
4g
J
J
J
J
Last Dividend Places Where Interest and
and Maturity
Dividends are Payable
A j Jan
& j July
(Sc J Jan
(Sc j Jan
(Sc
&
&
&
(Sc
A
(Sc
<3C
A
&
A
(Sc
<Sc
(5c
A
A
(Sc
A
A
A
A
(Sc
11922
1 1949
1 1951
1 1951
Amer Tr A Sav Bk. Chic
Harvey Fisk A Sons. N Y
St Louis Union Trust Co
N Nov 10 1910 2% Checks mailed.
D June 1 1990
Office, 49 Wall St, N Y
A June 1 1990
N Nov 1 1944
do
do
O Apr 1 2001
do
do
O Apr 11942
do
do
o Apr 1 1942
do
do
D June 1 1943
do
do
A Aug 1 1990
do
do
N May 1 1942
do
do
S Sept 1 1943
do
do
S Sept 1 2004
do
do
J Jan 1 1936
do
do
J July 1 1929
do
do
A Aug 11911
do
do
N Nov 1 1940
do
do
S Sept 1 1942
do
do
N Nov 1 1951
do
do
Oct 1 1911
N Nov 1 1944
St Louis Union Tr Co
N Nov 1 1944
j Jan 30 1908 2H 165 Broadway.New York
A Aug 1 1938
Mercantile Trust Co. N Y
J July 1 1938
do
N May 1 1938
O Oct 1 1938
do
N July 1 1938
do
A Aug 1 1920
do
N Nov 1 1020
do
S Jan 1 1917
do
A Aug 11920
do
do
S Mch 1 1945
do
do
J July 1 1926
do
do
500 had been sold. Interest, It Is stated, Is guaranteed during construction
and for two years after completion of entire system by Wm. Kencflck
(Construction) Co. of Kansas City. Mo. V. 88, p. 686; V. 90, p. 977, 1171,
1363. The M. O. A G. Ry. & Term. 5s ($1,000,000 authorized Issue) guar,
by the M. O. & G. R y., are secured on the line between Red River and
Denison, Tex., 9 miles; bridge over the Red River under construction, and
any additional lines to be built In Texas, the bonds being Issued by a
separate company, to meet legal requirements. V . 91, p. 1328.
OFFICERS.— Pres. Wm. Kenetlck, Kansas City, Mo.; V.-P. and
P;.Jl!ew£ r:
R- Jones. General offices, Muskogee, Okla.
— (V. 88. p. 686; V. 90, p. 977, 1171. 1239, 1363; V. 91, p. 1328.)
(1) MISSOURI PACIFIC RY.— (.See M ap.)— Operates an Important sys
tem extending westerly and southwesterly from St. Louis, Mo.. Including
main lines from St. Louis to Omaha, Neb., 494 m., and from Kan. City to
Pueblo, Col., 624 m., vvlth many branches In Kansas, Ac. Through the St.
Louis iron Mt. & Southern, which It controls, connection Is had with Texas
and the lines of the Tex. & Pac., Internat. & Gt. Northern and the St. Louis
Southwestern, the whole forming what Is known as the "Gould System.”
Lines owned.
M iles.) Leased lines. Ac. (Con.).
Miles.
St. Louis to O m a h a .... . .
494 |Trackage to St. Joseph. A c . . .
58
Kan. Cy., Mo., to Pueblo, Col. 624 |
Other main line and branches. .2,663 |
Leased lines, Ac.
|
_____
Boonvllle St. L. & Southern.,44 ITot.Mo.Pac. and branch lines 3 883
Also controls St. Louis Iron Mtn. & Sou. and leased lines, 3.288 mlle3
Grand total Missouri Pacific mileage June 30 1911, 7,171 miles.
The Missouri Pacific R y. Co. owns about 40% of the stock of the Denver
& Rio Grande R R . Co., the latter extending from Pueblo to Salt Lake City,
while the D. & R. G. R R . Co. owns a majority of the stock of the Western
Pac. R y. Co., whose line, extending from Salt Lake City to San Francisco,
was completed In 1910. The Missouri Pac. Ry. Co. Is thus an Integral part
of a trans-continental line extending from St. Louis to San Francisco.
STOCK. Stock authorized, as Increased by the consolidation with con
stituent companies in Aug. 1909, $240,000,000; $83,251,000 of new com
pany s stock was issued in exchange for stocks of constituent cos. (Incl. old
Mo. Pac.) merged In 1909. V. 85, p. 1646; V. 89, p. 348; V. 91, p. 1705.
D lV S.r'82 ’83 to ’87 ’88 ’ 89 *90 '91 ’ 92-’00 ’01 ’02 to ’ 07 1908
None
Perct.(6>£ 7 y’ ly. 5 M 4 4 3 None. 2H 5 y’ly. 2>4stk. since.
BONDS.— The consolidated mortgage Is for $30,000,000—trustees John F.
Dillon and Edward D. Adams—the balance unissued Is In trust to redeem
prior bonds due If deemed best. Abstract In V. 47, p. 287.
The collateral trust bonds due 1917 (Union Trust Company of New York,
trustee) are secured by mortgage bonds of new roads at $12,000 or $15,000
per mile; these embracing the line from Fort Scott, Kan., to Pueblo, Colo.,
&0- For securities pledged, Ac., see V. 46. p. 678.
Tne 4s of 1905 are limited under the "first and refunding” mortgage to
the $37,255,000 outstanding; they are secured by an equal amount at par
of Iron Mtn. stock. Compare V. 80, p. 712; V. 86, p. 1344; V. 80, p. 1347 .
The first refunding mortgage of the Kansas A Colorado Pacific made In
Operating Income________________ $6,360,379 $6,666,200 $6,163,319
Net incom e.......................................... $6,658,250 $6,847,635 $6,544,741 1908 (V. 86, p. 229, 286; V. 88, p. 452) is limited to $50,000,000 (at not to
exceed $30,000 p. m., Including $15,544 p. m. of prior underlying bonds);
Deduct—
$20,687,000 bonds secured thereby were Issued, but of these $16,715,000
Interest on bonds_____ _____________ $4,801,355 $4,770,634 $4,670,628 have been pledged under the new Missouri Pac. “ first and refunding”
83,019
Other Interest-....................................
11,032
31,433 mortgage; $23,532,000 to retire underlying bonds of constituent companies
530,408
R en tals.......................... ..............I ___
705,320
507,406 at present held by trustee of Mo. Pac. Ry. coll, trust 5s of 1917 and 1920;
77,278
99,080
Hire of equipment__________ _____
$6,781,000 reserved for exten. or Improv. V. 90, p. 1171: V. 91, p. 337.
520,000
Dividends on preferred stock (4 % )-.
520,000
520,000
FIRST AND REFUNDING MORTGAGE DATED 1909— AUTHOR
IZED ISSUE, $175,000,000.
Balance, surplus...............................
$866,296
$521,463
$827,274
The "first and refunding” bonds of the Missouri Pacific R y. Co., dated
OFFICERS.— Pres., A. A. Allen, St. Louis; V .-P., C. Halle, St. Louis; 1909, are limited to a total of $175,000,000, bearing Interest to be llxed for
Seo. and Trcas., C. N. Whitehead. 49 Wall St., New York.
successive Issues at not to exceed 5 % , and. If desired, with conversion rights.
Directors.— Edwin Hawley (Chairman), B. F. Yoakum, Hans Wlnter- See circular, V. 89, p. 1347. The Issue will be sublect to call at 110 and
feldt, Frank A. Vanderllp. Frank Trumbull, James N. Wallace, Harry S. Interest on any Interest day beginning Sept. 1 1917, either as a whole, or In
Black, Stuyvesant Fish, New York; A. A. Allen, James Campbell, St. amounts equal to the pledged St. L. Iron Mtn. A Sou. bonds In case these
Louis, Mo.; Frank P. Frazier, Chicago: Edward S. Rea, Alfred J. Poor, last should he redeemed. The Immediate Issue consists of $29,806,000 5%
E. B. Stevens, Kansas: II. J. De Marcz Oyens, Amsterdam, Holland; and Series A bonds convertible at face value at holder’s option Into stock at par
from Sept. 1 1912 to Sept. 1 1932, and within such period up to 30 days of
Alfred W. Smlthers, London. Eng.— (V. 91, p. 1768; V. 92, p. 188.)
date of redemption. If called for payment; these were subscribed for by
NORTH ARKANSAS RR.—Joplin, Mo., to Helena, Ark., shareholders at 95 In Jan. 1910 See "General Finances.”
361 H miles, of which Neosho, Mo., to Joplin, 19 miles, and Seligman, Ark., Purposes for Which the $175,000,000 First and Refunding Ronds Mag Now
to WoodruH, 9 miles, are trackage. Completed In 1909. V. 86, p. 168.
Re Issued or Are Reserved.
Successor, per plan V. 82. p. 569, 1269; V. 83, p. 39, of St. Louis & North Issuable forthwith as Series A 5% convertible bonds (1) $19 Arkansas, foreclosed, since extended.
700,000 upon deposit of a like amount of underlying bonds
Stock authorized. $25,000 per mile. In Aug. 1906 a mortgage was filed
(including $16,715,000 of the $20,687,000 Kan. A Col Pac
to secure an Issue of $11,500,000 50-year 4% gold bonds (St. Louis Union
bonds heretofore certified, thus providing for payment of
Trust Co., trustee) Issuable at $25,000 per mile. Entire stock and bonds
floating debt and not less than $4,653,000 for lmprov’ ts ■ (2)
are pledged to secure $6,000,000 5-year 5% gold notes of the Allegheny
$5,300,000 to acquire a like amount of St. L. I. M. A So” lmImprovement Co., due Oct. 1 1911, but redeemable on any interest day;
prov’ t bonds, and (3) $4,806,000 for add’ ns, betterm’ts.' Ac
Interest payable A. & O. at St. Louis Union Trust Co., trustee. V. 85, p. 90.
(V. 90, p. 1296)------------------------------------------------------------ !$29 806 000
Outstanding June 30 1909, $7,689,500 each of stock and bonds.
Reserved to refund a like amount of underlying bonds
66 203 000
For year ending June 30 1909 (345 aver, miles), gross, $486,371; net Inc., Reserved to provide premiums, Ac., If required In refunding!! 4,640,500
$15,774; taxes, rentals, Ac., $32,925; bal., def., $17,150. In 1907-08 Reserved to retire a like amount of equipment obligations___
6,500,000
(141 aver, miles), gross, $355,202; net, $9,430. Chairman, D. R. Francis; Reserved (together with any bonds not required for refunding)
Pres., John Scullin; VIce-Pres., Geo. L. Sands.— (V. 86, p. 857.)
for extensions, betterments and equipment and bonds secured
by first mortgage on union depots, stations and terminal
MISSOURI OKLAHOMA & OULF RAILW AY.— Owns and oper
facilities under careful restrictions (see note below)
48 060 500
ates 229.72 miles of main track and 20.6 miles of sidings extending from
Wagoner to Denison, via Muskogee and Henryetta; trackage Denison to Reserved to acquire a like amount of St. L I M A So~u’ fS%
Improvement bonds______________________ ____________ 19 700 000
Sherman, 10H m. Branches, Dewar to Coalton, 5 m., and Arkansas Jet.
to Lowerree, 2.4 m. Extension from Wagoner, Okla., to Joplin, Mo.,
.
nrTrPnnrt 3 conve.r';e(l Into stock and canceled, but only to an aggregate
120 m., under construction In June 1910. Main line, 70-lb. steel rails; of $40,000,000, may be re-lssucd for additions, equipment, Ac.
sidings, 60-lb. steer rail—operated Independently. Owns 2 steel girder nro
,!ssuo, 3 secured by a direct lien on 3,779 miles first main track and
bridges over Verdigris and Arkansas rivers, which arc used as toll bridges. 952 miles of other track, subject to $66,293,000 underlying bonds; also
subject to certain underyllng bonds on the entire equipment valued at
Extensive terminal property at city of Muskogee.
$18,621,297, and all other property now owned or hereafter acquired; also
STOCK.— Authorized, $10,000,000; outstanding, $5,610,500; par, $100. by
pledge of the new oO-year 5% St. L. I. M. A So. Improvement bonds
BONDS secured by absolute 1st mtge. on entire property now owned (limited to $25,000,000) as Issued, of which $5,300,000 to be deposited at
or hereafter acquired, limited to $25,000 per mile, to be Issued upon com once, having a first lien on 228 miles of first main track and a direct mortgage
pletion of 5-mlle sections. They are subject to call at 107 and Interest subject to existing liens on 2,902 miles of llrst main track, constituting
after Nov. 1 1909 on 6 mos. notice. V. 86, p. 1043. In July 1910 $5,610,- practically the St. Louis Iron Mtn. A Southern system.
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[F o r a b b r e v ia tio n s , & c ., s e e n o te s o n fir s t p a o e ]
M i s s o u r i P a c (C o n c l ) —
V e r d i g r i s V a l I n d e p & W 1 s t M g g u a s s u m e d _____
K C & N W 1 s t At p r e f “ A ” g a s s u m e d r e d 1 0 5 . . Ate
C e n t r a l B r a n c h U P 1 s t m t g e g o ld a s s u m e d . . U n . c
C e n t r a l B r a n c h 1 s t A1 g o ld a s s u m e d _________________ M e
K a n & C o l P a c 1st re f M g g u a s s u m e d
E q .x c * & r
F i r s t & r e f At $ 1 7 5 , 0 0 0 , 0 0 0 r e d c o n v t e x t . Q . x c * & r ‘
E q u i p A s s ’ n o b li g a t io n s $ 2 0 3 , 0 0 0 p a y S e p t 1 y e a r l y
do
do
S e r B g o ld $ 9 7 , 0 0 0 d u e A lc h 1 y e a r l y ,
do
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do
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do
do
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M o P a c e q u ip b o n d s g $ 3 3 5 , 0 0 0 M a y 1 y r l y . . K . c * & r
M o P a c S y s t e m — S t L o u is I r o n M t & S o u t h e rn R y —
G e n c o n s & f ir s t g u a r m t g e ( $ 4 5 , 0 0 0 , 0 0 0 ) g ___ M e . c *
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g o ld s t a m p e d g u a r a n t e e d p & 1
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U n i f y i n g * r e f u n d Af g o ld $ 4 0 , 0 0 0 , 0 0 0 ___ M p .x c * < 5 c r
R i v e r & G D l v s 1 s t Af $ 5 0 , 0 0 0 , 0 0 0 g _____M e . x c * & r *
I m p r o v e m e n t m t g e $ 2 5 , 0 0 0 , 0 0 0 g o l d _________________
C a r t r u s t s I , to Af d u e J u n e , S e p t a n d D e c y e a r l y ___
C a r t ru s t s S e r N to P $ 3 5 5 ,0 0 0 o r $ 3 5 7 ,0 0 0 y e a r ly . .
do
do
S e r R t o U , p a r t y e a r l y _________________
do
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g o ld $ 3 6 6 , 0 0 0 J u n e y e a r l y . A le c & r
L i t t l e R o c k J u n e 1 s t At a s s u m e d _______________ A le .c *
P in e B lu f f & W e s t 1 s t AI a s s u m e d re d 10 y e a rs 1 0 5 . .
A r k a n s a s A l i d la n d 1 s t A I g o ld a s s u m e d _________________
L i t t l e R o c k & H o t S p 1 s t A I g a s s u m e d _________ S S t
• S t L o u i s W a t k ’s & G u l f 1 s t A I g & £ a s s u m e d _______F
M o b i le & B i r m i n g h a m R R — P r e f s t o c k ( $ 9 0 0 , 0 0 0 ) . . .
P r i o r li e n g o ld $ 6 0 0 , 0 0 0 ______________________________ C e .o
F i r s t A lo r t g a g e $ 1 , 2 0 0 , 0 0 0 _________ __________ ______A le .c
M o b i le & O h io — S t o c k ---------------------------------------------------------F i r s t M A lo b lle t o C o lu m b u s ( p r i n c i p a l g o l d ) ___ F .c *
F i r s t M e x t e n C o lu m b u s t o C a i r o & b r a n c h g ___ F . c
G e n e r a l m t g e f o r $ 1 0 , 5 0 0 , 0 0 0 ( n o w g o ld ) s f . . F c*
A lo n t g o m D l v 1 s t AI $ 4 , 0 0 0 , 0 0 0 g ( V 6 6 p 1 0 4 5 ) .C e .c *
C o l l a t e r a l t r u s t g o ld ( $ 2 , 5 0 0 , 0 0 0 ) c a l l a t p a r . . ( ] . c *
S t L o u i s & C a i r o 1 s t A I g o ld I n t e r e s t g u a r ___________ c
M o b i le & B S h 1 s t AI $ 2 0 0 , 0 0 0 a s s u m e d g o l d . - F . c *
1 s t AI c o ll n o t e s fV 8 6 p 6 0 3 )g to b e p d F e b 1 5 .G ,x c *
1 s t t e r m a n d c o l l t r AI $ 1 , 2 0 0 , 0 0 0 g d u e $ 6 0 , 0 0 0 s - a
1M ile s
| R oad
D a te
B onds
Par
V a lu e
A m ount
O u tsta n d in g
81
R a te
%
W h en
P a y a b le
1886
$ 1 ,0 0 0
1894
100 & c
1898
1 .0 0 0
1899
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____
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3 ,7 7 9
19 09
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19 02
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—
1903
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1903
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1 ,0 0 0
. . . 1907
1 ,0 0 0
$ 8 0 6 ,0 0 0
1 .0 2 4 ,0 0 0
2 ,5 0 0 ,0 0 0
3 ,4 5 9 ,0 0 0
3 ,9 7 2 ,0 0 0
2 9 ,8 0 6 ,0 0 0
4 0 9 ,0 0 0
1 9 4 ,0 0 0
8 4 6 ,0 0 0
3 5 7 ,0 0 0
1 ,1 7 7 ,0 0 0
2 ,3 4 5 ,0 0 0
1 , 5 3 8 ’ 8 1 - ’8 7
1 .0 0 0
1 ,5 3 8
—
1 ,0 0 0
1 ,5 4 3
1899
1 .0 0 0
739
1903
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19 09
— ’ 9 5 - ’ 0 3 ..............
—
1903
1 ,0 0 0
1 ,0 0 0
-----—
19 07
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1891
1 ,0 0 0
44 1 9 0 3
1 ,0 0 0
47
53 18 9 9
1 ,0 0 0
10 0 19 02
$ & £
—
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100
150
1895 200, 1000
150 1895 200, 1000
—
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100
472
18 79
500 & c
527
1883
1 .0 0 0
527
18 8 8
500 & c
18 9 1 8 9 7
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____
19 00
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161
1886
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S ee te x t.
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288
T h e y a r e a f i r s t li e n a t o n c e o n 1 6 5 m i le s o f f ir s t m a in t r a c k a n d a f t e r
r e t i r e m e n t o n o r b e f o r e N o v . 1 1 9 2 0 o f $ 4 3 , 0 2 5 , 0 0 0 o f t h e u n d e r l y in g b o n d s ,
o n a t le a s t 3 , 0 7 9 m ile s o f t h e p r e s e n t m ile a g e o f 3 , 7 7 9 m ile s b y a d i r e c t
m o r t g a g e o n 1 , 7 1 2 m ile s t h e r e o f , a n d d e p o s it o f a t le a s t $ 3 8 , 4 4 1 , 0 0 0 o f a
t o t a l l i m i t e d t o $ 4 3 , 2 1 9 , 0 0 0 b o n d s s e c u r e d b y f ir s t m o r t g a g e o n 1 , 3 6 7 m ile s .
N o u n d e r l y in g b o n d s In h a n d s o f p u b l i c c a n b e e x t e n d e d .
.
R A L F I N A N C E S . — T h e c o m p a n y on J u n e 3 0 19 10 o w n e d $ 2 ,0 0 0 ,
0 0 0 V V a b a sh R R . p re f. s t o c k a n d th e S t . L o u is & I r o n M t n . $ 7 ,8 2 6 ,2 0 0 p re f.
h o n r it 2 , 8 ?:»«2 ?w £ o n i ;
2 n d 5 2 , 9 1 3 , 2 0 0 f i r s t r e f u n d i n g a n d e x t e n s io n
a n ? n n 'n
W ab ash R R *
S t o c k h o ld e r s i n J a n . 1 9 1 0 s u b s c r i b e d f o r $ 2 9 ,
8 0 6 , 0 0 0 S e r ie s A c o n v e r t i b le " f i r s t a n d r e f u n d i n g ” 5 s a t 9 5 , t o p r o v i d e f o r
f lo a t in g d e b t , I m p r o v t s a n d a d d ’ n s .
V . 89, p . 134 7; V . 90, p . 7 7 1 .
I n e m o r t g a g e d e b t u p o n li n e s s e c u r i n g t h e n e w " f i r s t a n d r e f u n d i n g ”
m o t g a g e , a f t e r t h e I s s u e o f t h e $ 2 9 , 8 0 6 , 0 0 0 S e r ie s A b o n d s , I n c l u d i n g a l l
o u t s t a n d i n g u n d e r ly in g t - b o n d s , w a s a t r a t e o f a b o u t $ 2 5 , 5 0 0 p e r m t le
v * e x c l u s iv e o f t h e s e c u r i t y to b e a f f o r d e d b y p le d g e o f a t le a s t
$ 5 ,3 0 0 ,0 0 0 b o n d s o f S t . L o u is I r o n M o u n t a in & S o u t h e r n .
E A R N I N G S . — 5 m o s . , / 1 9 1 0 ............. G r o s s . $ 2 3 , 2 3 5 , 5 0 2 ; n e t , $ 5 , 8 7 4 , 2 4 7
J u ly 1 to N o v . 3 0 .
1 1 9 0 9 ------------G r o s s .
2 2 ,8 2 1 ,3 5 5 ; n e t, 7 ,5 4 9 ,4 1 4
A N N U A L R E P O R T . — F is c a l y e a r e n d s J u n e 3 0 .
R e p o r t f o r y e a r e n d in g
J u n e 3 0 1 9 1 0 In V . 9 1 , p . 1 7 0 5 .
A n n u a l m e e t in g Is h e ld a t S t . L o u is In
M a rch .
R e p o r t o f e a r n i n g s o f A lls s o u r l P a c if i c S y s t e m h a v e b e e n a s b e lo w .
I n c l u d i n g p r e d e c e s s o r c o m p a n ie s o f p r e s e n t M o . P a c . p r i o r t o A u g . 9 1 9 0 9 .
“ O t h e r I n c o m e ” I n 1 9 0 9 -1 0 I n c lu d e s : W a b a s h 1 s t r e f . a n d e x t . m t g e . ,
$ 1 1 6 ,5 2 0 ; P a c if ic E x p r e s s C o ., $ 3 8 4 ,0 0 0 ; D e n v e r & R io G r ., $ 4 9 0 ,2 5 0 , & c .
1 9 0 9 -1 0 .
1 9 0 8 -0 9 .
1 9 0 7 -0 8
A llie s o p e r a t e d , a v e r a g e ...........................
6 ,7 7 5
6 ,4 8 9
6 ,4 79
T o t a l e a r n i n g s ........................
$ 5 3 ,0 1 9 ,1 3 7
$ 4 6 ,3 8 5 ,5 4 3 $ 4 4 ,2 3 8 ,7 0 3
N e t e a r n i n g s _____________
1 5 ,4 7 1 ,7 6 5
1 2 ,4 5 9 ,0 3 0 1 2 ,5 9 2 ,4 1 5
O t h e r I n c o m e , & c _________________________
1 ,8 9 3 ,7 3 1
1 ,6 0 4 ,0 4 3
2 ,8 7 5 ,2 9 8
T o t a l n e t I n c o m e ....................................... $ 1 7 , 3 6 5 , 4 9 6
I n t e r e s t a n d r e n t a l s . ...................................$ 1 0 , 7 8 9 , 7 2 2
T a x e s --------------------------------------------1 ,9 0 3 ,0 0 4
S u n d r y a c c o u n t s __________________________
1 ,9 1 3 ,3 5 8
D i v i d e n d s ___________________________________
________
R a t e o f d i v i d e n d __________________________
________
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N e w Y o r k a n d S t L o u is
J u l y 20 19 11
N ew Y o rk
S t L o u is a n d P h i l a d e l p h i a
J u n e 19 30
F a rm e rs L & T r C o , N Y
J a n 1 1 9 1 1 2 % J P Morg<Sc C o N Y ; & L o n
J u ly 1 1945
J P M o rg a n & C o . N Y
J u ly 1 1945
do
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J u n e 2 4 1 9 1 0 4 % A lo b lle
D eo 1 19 27
F a rm e rs’ L & T r C o , N Y
J u ly 1 19 27
do
do
S e p t 1 19 38
G a lla t in N a t B a n k . N Y
F e b 1 19 47
G a lla t in N a t . B a n k , N Y
M a y 1 19 30
G u a ra n ty T ru st Co, N Y
J a r i 1 19 31
F a rm e rs L o a n & T r, N Y
A la y 1 1 9 4 0
F i r s t N a t B k , A lo b lle . A l a
F e b 1 5 19 11
G u a r T ru s t Co, N ew Y o rk
T o F e b 15 1021
T o Ju n e 1917
R E P O R T . — F o r '1 9 0 9 - 1 0 I n V . 9 1 . p . 1 7 0 6 .
Y ea r s e n d in g J u n e 3 0 —
1 9 0 9 -1 0 .
1 9 0 8 -0 9 .
1 9 0 7 -0•08.
A llie s o p e r a t e d e n d o f y e a r ______________
3 ,2 8 8
2 ,6 0 9
2 ,,5 9 9
G r o s s e a r n i n g s .................. ...........................$ 2 6 ,9 1 6 , 8 9 1 $ 2 3 , 2 4 2 , 2 3 5 $ 2 1 , 7 9 3 ,,2 9 4
N e t e a r n i n g s ...................... ......................... ..
9 ,2 9 8 ,5 2 8
7 ,4 2 4 ,0 3 5
6 , 7 9 7 ,,6 0 0
O t h e r r e c e ip t s ............. ......................
5 7 1 ,5 1 9
6 0 2 ,5 9 7
1 , 5 0 5 ,, 5 5 7
9 ,8 7 0 ,0 4 7
T o t a l n e t i n c o m e __________________________
8 ,0 2 6 ,6 3 2
8 , 3 0 3 ,, 1 6 3
I n t e r e s t o n b o n d s ________________________
5 ,1 1 6 ,3 0 1
4 ,6 1 0 ,9 5 2
4 , 5 7 7 ,, 4 5 5
T a x e s , b r i d g e e x p e n s e s , r e n t a ls , & c . _
1 , 6 0 6 ,4 9 0
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1 ,6 0 7 ,5 2 4
D i v i d e n d s I . . . . * ........... 1 . I l l - . 1 . ” I . ( 6 ) 2 , 6 6 3 , 4 0 7 ' ( 4 ) { , ’7 7 5 , ’6 4 5 ( 5 ) 2,*21 9 .’ 5 5 6
B a la n c e , s u r p lu s , f o r y e a r ..................
$ 4 8 3 ,7 8 9
$ 2 6 ,5 1 1
— ( V . 8 9 . p . 1 0 5 . 2 2 6 ; V . 9 0 , p . 5 0 4 , 8 5 0 ; V . 9 1 . D. 3 9 .)
$ 1 3 8 ,5 9 6
MOBILE & BIRMINGHAM RR. — ( S e e M a p S o u t h e r n R y . ) — A lo b ll e to
M a r lo n J u n c t i o n , A l a . , w it h b r a n c h e s , 1 5 0 m ile s .
L e a s e d to S o u th e rn R y .
f r o m M a r c h 1 1 8 9 9 f o r 99 y e a r s , t h e la t t e r a g r e e in g t o m e e t t h e I n t e r e s t o n
b o n d s a n d to g u a r a n t e e a d i v i d e n d o n t h e $ 9 0 0 , 0 0 0 p r e f . s t o c k o f 1 % f o r
f ir s t y e a r , 2 % f o r s e c o n d y e a r , 3 % f o r t h i r d y e a r , a n d 4 % f o r f o u r t h y e a r
a n d th e re a fte r.
O f t h e $ 9 0 0 , 0 0 0 c o m m o n s t o c k , $ 8 9 3 , 4 0 0 Is o w n e d b y
S o u t h e r n R y . , a n d v o t i n g p o w e r o n p r e f . a s s ig n e d to S o u t h e r n R y . d u r i n g
le a s e .
V . 68, p . 4 2 9 , 1 1 3 4 : V . 69, p . 3 9 1 : V . 7 1 , p . 1 0 1 3 .— ( V . 7 2 . p . 1 3 7 .)
MOBILE JACKSON & KANSAS CITY.— S e e
N e w O r l. M o b . & C h ic a g o .
MOBILE & OHIO RR. — [ S e e M a p S o u t h e r n R y . ) — O w n s f r o m M o b i le ,
A la . , t o C o lu m b u s , K y . , 4 7 2 m . . p r o p r i e t a r y lin e , K e n t u c k y & T e n n R R .
t o E a s t C a i r o , 19 m .; b r a n c h e s t o C o lu m b u s , A lls s ., A c . , 3 4 m .; C o l u m b u s .
^ is s * > t o A lo n t g o m e r y , A la . , 1 6 7 m .; M o b ile & B a y S h o r e B r a n c h , 3 8 m .;
w i t h W a r r i o r B r a n c h , 9 m .; W a r r i o r S o u t h . R y . ( a l l s t o c k a n d b o n d s
o w n e d ) , T id e w a t e r , A l a . , t o K e l l e r m a n . 14 m .; B l o c t o n B r a n c h , 1 3 m . ; t o t a l
ow ned*
S t - L o u , s & C a , r o <*e a s « i ) , C a i r o to S t . L . . 1 5 2 m . w i t h b r .
to M llls t a d t , 7 m .; t r a c k a g e , 1 8 9 m .; t o t a l J u n e 3 0 1 9 1 0 , 1 , 1 1 4 m .
$ 1 4 ,1 5 3 ,0 7 3 $ 1 5 ,4 6 7 ,7 1 3
- I? J Y r P n n .^ DA ' — 1 8 9 8 •
1 9 0 3 .2 % ; J u n e 19 04, 2 % ; 1 9 0 5 ,6 % : 19 06 .
$ 9 ,3 8 0 ,3 0 7 $ 9 ,1 4 5 ,1 8 9
5 H % ; 19 07 5 % ; 19 08 , 4 % ; 19 09 , J u n e , 2 ^ % ; 19 10 , J u n e , 4 % (fro m
1 ,7 1 5 ,7 5 8
1 , 0 4 4 , 0 5 7 --------e a r n i n g s o f f is c a l y e a r 1 9 0 9 - 1 0 ) .
V . 90, p. 1614.
1 ,9 9 2 ,4 9 9
1 ,6 9 2 ,7 5 1
I n 19 09 th e S o u t h e rn R y . h a d a c q u ir e d $ 8 ,1 2 6 ,0 0 0 o f th e $ 9 ,4 7 2 ,0 0 0
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it s c o l la t e r a l t r u s t 4 % g o ld b o n d s In e x c h a n g o f o r t h e M . A O . g e n e r a l 4 s ,
s e c u r e d b y a p le d g e o f t h o l a t t e r a n d a ls o s t o c k t r u s t c e r t i f i c a t e s f o r s t o c k ,
B a la n c e , s u r p l u s _______________________ $ 2 , 7 5 9 , 4 1 1
$ 1 ,0 6 4 ,5 0 9
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d i v i d e n d s b e in g p a y a b le ( A A O ) a t 4 % In p e r p e t u i t y t h e r e a f t e r .
P r e s . , G e o r g e J . G o u ld ; S e c . a n d T r e a s . , A . H . C a le f . 1 6 5 B ’w a y , N . Y .
D i r e c t o r s — G e o r g e J . G o u ld , E d w i n G o u ld , E d w a r d T . j e l f e r y , J . J
« . n T 0 C J D ~ :st? c,{ a u t h o r i z e d . $ 1 0 , 0 0 0 , 0 0 0 ; o u t s t a n d i n g . $ 6 , 0 7 0 , 6 0 0 ; p a r .
S lo c u m , H o w a r d G o u ld , F r e d . T . G a t e s , K l n g d o n G o u ld , R . M . G a llo w a y ,
];i
T h e v o t i n g p o w e r o n $ 4 , 9 8 4 , 2 0 0 o f t h e s t o c k Is e x e r c is e d b y t h e g e n
C o r n e l i u s V a n d e r b i l t , N e w Y o r k : C h a r le s S . C l a r k e , O . L . G a r r is o n , W . K .
e r a l m o r t g a g e b o n d h o ld e r s b y v i r t u e o f d e p o s it o f o ld d e b e n t u r e s o f 1 8 7 9 .
B I x b y , S . F . P r y o r , S t . L o u is , A lo . N . Y . o f f i c e , 1 6 5 B w a y . — ( V . 9 2 , p . 1 1 8 .)
— U h d e r t h e g e n e r a l m o r t g a g e o f 18 8 8 t h e r e c a n b e n o f o r e c lo s u r e
„ (2 ) M IS S O U R I P A C I F I C S Y S T E M — S T . L O U IS IR O N A IO U N T A IN &
t u l f ° i ' r c o u p o n s a r e In d e f a u lt .
A lo r t g a g e a b s t r a c t , V . 4 7 , p . 8 3 .
V . 60,
S O U T H E R N R Y .— (S e e M a p . ) — O w n s S t . L o u is to T e x a r k a n a , T e x .
L in e
p. 967.
I n t . o n $ 4 , 0 0 0 , 0 0 0 S t . L o u i s A C a i r o 4 s Is g u a r a n t e e d .
Tho 5%
4 9 0 m ile s ; b r a n c h e s t o B e lm o n t , A lo . , B i r d 's P t . , A lo . ( C a i r o ) , C a m d e n ,
e q iV P :J ? ot..e3 d a t e d O c t . 1 1 9 0 7 a r e g u a r , b y A m . C a r A F d y . C o . V . 8 4 . p . 9 9 6 .
A r k . , H e le n a , A r k . , C u s h m a n , A r k . , A r k a n s a s C i t y , A r k . , W a r r e n , A r k . ,
O f t h e $ 2 , 5 0 0 , 0 0 0 c o l la t e r a l t r u s t 4 s o t 1 9 0 0 , $ 2 , 1 6 5 , 0 0 0 w e r e I s s u a b le In
M e m p h is , T e n n . , <Scc.; H o u s t o n C e n t r a l A r k a n s a s & N o r t h e r n I t y . , M e G h e e
e x c h a n g e f o r th e $ 6 ,5 0 0 ,0 0 0 S t. L o u is & C a ir o s t o c k .
See V . 70. p. 5 3 2 .
In
A r k . , to A l e x a n d r i a , L a . . 2 6 2 m .; W h i t e R i v e r b r a n c h , I l l i n o i s D i v i s i o n
1 9 1 0 $ 6 ,4 9 5 ,0 0 0 s t o c k h a d b e e n e x c h a n g e d .
A lc m p h ls H e le n a & L o u is i a n a , E a s t & W e s t I l l i n o i s R y . , 1 , 5 4 4 m .; v a r i o u s '
F ir s t t e r m . A I . a n d c o l l. t r . 5 s d a t e d F e b . 15 1 9 1 1 ( 5 1 , 2 0 0 , 0 0 0 , a ll to b e Is s u e d
5 2 2 m .: to ta l o w n e d J u ly 1 1 9 1 0 , 3 ,1 3 0 m .
T r a c k a g e , 158 m .
T o ta l
F e b . 1 9 1 1 ) a r e s e c u r e d b y c o l l a t e r a l v a lu e d a t $ 1 , 7 7 6 , 0 9 4 ( V . 9 2 , p . 1 1 9 ) .
o p e r a t e d J u l y 1 1 9 1 0 , 3 ,2 8 8 m .
E q u ip m e n t T r u s ts .
O u ts ta n d in g .
R a te.
M a tu r e in In s ta llm e n ts .
T h o s t o c k h o ld e r s v o t e d F e b . 2 1 9 1 0 t o ( 1 ) p u r c h a s e t h e A r k a n s a s AIU1" A ” a n d " B ” ______________
$ 9 9 8 ,0 0 0
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l a n d . L i t t l e R o c k & H o t S p r i n g s W e s t e r n , L i t t l e R o c k J u n c t i o n , P in e
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1 9 0 5 ...........................
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B l u f f & W e s t e r n , S t . L o u is W a t k i n s & G u i r , A r k a n s a s & L o u is i a n a a n d o t h e r
" E . ” 1 9 0 6 ______ __________
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c o n t r o ll e d r o a d s : ( 2 ) In c r e a s e t h e a u t h o r i z e d s t o c k f r o m $ 1 3 0 , 0 0 0 , 0 0 0 to
19 07 , g u a r ( V . 8 5 , p ,9 9 6 )
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J o i n t e q u ip , n o t e s , 1 9 0 2 .
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li m i t e d to $ 2 5 , 0 0 0 , 0 0 0 , to b e d e p o s it e d , a s I s s u e d , u n d e r t h e A lo . P a c . " f i r s t
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2 3 291
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T o N o v 21 19 10
a n d I m p r o v e m e n t ” b o n d I s s u e d e s c r ib e d a b o v e .
V . 89, p . 154 3.
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f o r 6 5 % I n g o ld 4 s .
S e e " B o n d s ” b e lo w .
- S T O C K . — S t o c k a u t h o riz e d , $ 1 9 0 ,0 0 0 ,0 0 0 ; In c re a s e d f ro m
$ 1 3 0 ,0 0 0 .J u l J ’ 1 9 1 ° : o u t s t a n d in g , $ 4 4 , 3 9 6 , 5 7 3 , o f w h i c h $ 4 4 , 3 3 6 , 6 0 0 J u n e
1 9 0 9 o w n e d b y M is s o u r i P a c if i c .
S e e b e lo w .
30
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y e a r 1 9 0 5 - 0 6 , 1 4 ; 1 9 0 6 - 0 7 , 10 ; 1 9 0 7 - 0 8 , 5 ; 1 9 0 8 - 0 9 , 4 ; 1 9 0 9 - 1 0 , 6 % .
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i n t e r e s t ; f o r m o f g u a r a n t y w a s In V . 5 6 , p . 6 5 0 ; t h e y a r e a f ir s t
’ ’m *, m ile s .
(V . 6 8 , p . 8 5 , 2 3 3 , 5 2 0 ; V . 7 8 , p . 7 0 4 , 1 2 2 4 .)
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T h e y a r e s e c u r e d b y a li e n ( s u b j e c t o n ly
t o t h e g e n e r a l c o n s o ls ) o n a l l t h e r a i l r o a d s , t e r m i n a ls a n d e q u i p m e n t o f t h e
c o m p a n y o w n e d a t t h e t im e o f t h e m a k i n g t h e r e o f a n d a ls o a f i r s t a n d o n ly
li e n o n a l l s t o c k s a n d b o n d s f o r m e r ly e m b r a c e d In t h e t r u s t o f t h e g o ld f u n d
i n g n o t e I n d e n t u r e , a l l le a s e d a n d b r a n c h li n e s , o r t h e i r b o n d s a n d s t o c k s
a c q u i r e d b y t h e lo a n , a n d $ 2 3 , 6 6 8 , 0 0 0 T e x a s & P a c i f i c s e c o n d s , f u t u r e e x t e n
s io n s , & o .
( V . 6 8 , p . 6 19 ; V . 7 0 , p . 9 9 7 ; V . 7 4 . p . 2 0 6 ; V . 7 8 , p . 7 0 4 . 1 2 2 4 .)
T h e r e a r e a l s o $ 3 7 , 9 0 5 f ir s t p r e f . 7 % I n c o m e b o n d s d a t e d 1 8 7 9 .
T h e o r ig in a l $ 2 0 ,0 0 0 ,0 0 0 R i v e r & G u lf D iv is io n s 4 s o f 1 9 0 3
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8®pu r cci b y a f i r s t li e n o n 6 7 8 m ile s o f r o a d b u i l t o r u n d e r c o n s t r u c t i o n (s e e
a b o v e ) a n d o n t e r m i n a l p r o p e r t y a t S t . L o u is . E a s t S t . L o u i s . C a i r o a n d
T h e b e s , a n d 8 , 0 0 0 a c r e s o f c o a l la n d s In I l l i n o i s , a n d d e p o s it o f t h e b o n d s o f
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p h<1 ^ 4 9 1 5 4 3 P C^ ge<^ U n d e r M o * P a c * " f i r s t & r e f u n d i n g ” m t g e .
V . 89,
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\ 1 9 0 9 ............. G r o s s , 1 1 , 0 9 8 , 8 3 7 ; n e t , 4 ,0 6 8 , 7 2 1
R E P O R T — R e p o r t jfo r 1 9 0 9 -1 0 In V . 9 1 , p . 1 1 5 6 (o p e ra t e d I n d e p e n d e n t ly ) :
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V . 91, p. 717.
P re s ., J o h n T . C o c h ra n e .— ( V . 9 1 , p . 7 1 7 .)
H e r lH m < ^ V N . ^ ^ , >\ o P M M o ^ e . * ^ lt h e b r a n c h M , ^ 1 8 2 ,rm f i e s i f n * a l I T ^ W nS *r o m
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33
M o n t a n a W y o m in g & S o u — 1 s t M g re d 1 1 0 t e x t . c
M o n t g o m e r y & E r i e R y — 1 s t M ( o ld 7 s e x t e n d e d l n ’ 8 6 )
’ 55
M o r e li a & T a c a m b a r o — F i r s t M g o ld (s e e t e x t ) - U s m . c *
102
M o r g a n 's L a & T e x a s — F i r s t M ( N O t o M o r g C ) . F . c *
157
F i r s t m o r t g a g e A l e x a n d r i a E x t e n s i o n g o l d --------------F
204
G e n e r a l m o r t g a g e ........ - - ........................... - - - - - - - - — F
M o r r i s & E s s e x — S t o c k 7 % g u a r a n t e e d D L & W -------F i r s t m t g e g u a r a n t e e d u n d e r le a s e ............. B a . c & r
C o n s M ( lo r $ 2 5 ,0 0 0 ,0 0 0 ) g u a r D L & W — U s . c ’ & r
119
119
F i r s t r e f M g o ld $ 3 5 , 0 0 0 , 0 0 0 g u a r p * I ( e n d ) - F .c * & r
R e a l e s t a t e m o r t g a g e b o n d s .................. .............................
M o r r i s f c E s s e x E x t e n s i o n s t o c k g u a r a n t e e d 4 % ___
M o r r is t o w n & E r ie — F ir s t M $ 3 0 0 ,0 0 0 g s f re d a t p a r
A lt C a r b o n & P o r t C R R — S t o c k ( r e n t a l g u a r ) t e x t . . .
M u n i s i n g — F i r s t m o r t g a g e g o l d ....................... ......... ..............
38
M u s c a t in e N o rth & S o u th — 1 s t M $ 1 ,0 0 0 ,0 0 0 a u t h . .
'3 7
M u s k e g o n ( ir a n d R a o id s & In d ia n a — F ir s t M g o ld - C e
M u t u a l T e r m i n a l — 1 s t M g o ld s f r e d 1 0 2 K . . G . C *
N a r r a g a n s e t t P i e r R R — F i r s t m o r t g a g e $ 1 0 0 , 0 0 0 ____
8 '5
N a s h u a & L o w e ll— S to c k 0 % re n ta l 02 y e a rs B & M __
15
N a s h v i l l e C h a t t a n o o g a & S t L o u i s — S t o c k ______________
F i r s t m o r t g a g e ( f o r $ 6 , 8 0 0 , 0 0 0 ) ___________________ c * & r
340
F ir s t M o n F a y e t t e a n d M c M b rs ($ 6 ,0 0 0 p m ) . c " & r
125
F i r s t m o r t g a g e o n L e b a n o n B r a n c h _________________ c*
29
F i r s t m o r t g a g e o n J a s p e r B r a n c h ________________ C c . c *
43
46
F i r s t m o r t g a g e o n C e n t r e v l lle B r a n c h g o l d - C e . c ’ & r
1 s t M T r a c y C y B r d u e $ 2 0 , 0 0 0 y l y ; r e m 1 9 1 7 . c*<Scr
20
803
C o n s m t g e ( $ 2 0 , 0 0 0 , 0 0 0 ) $ 2 0 , 0 0 0 p m g o l d ___ U s . c *
N a s h v i l l e & D e c a t u r — S t o c k g u a r 7 ) 4 % b y L & N ___
119
N a s h v i l l e F lo r e n c e & S h e f f ie ld — S e e L o u i s v i l l e & N a s h v l l l e
N a s h v i l l e T e r m i n a l — F i r s t m t g e g o ld l n t r e n t r e d 1 0 5 .
N e w m o r t g a g e $ 3 , 0 0 0 , 0 0 0 a u t h o r i z e d _______________ N
N a t io n a l R a ilw a y s o f M e x ic o —
C o m s t o c k $ 7 5 ,0 0 0 ,0 0 0 U S g o r 1 5 0 ,0 0 0 ,0 0 0 M e x p es
F i r s t p r e f s t k $ 3 0 , 0 0 0 , 0 0 0 4 % n - c ( a ls o a s t o a s s e t s )
2 d p r e f s t o c k $ 1 2 5 . 0 0 0 . 0 0 0 5 % n - c ( a ls o a s t o a s s e t s )
no
Par
V a lu e
1910
1892
19 02
1902
$ 1 ,0 0 0
1 ,0 0 0
1 ,0 0 0 fe e
1 ,0 0 0
1909
1866
1903
1878
1880
1893
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
50
250 &c
1 ,0 0 0
1 ,0 0 0
1864
1875
19 00
Var
1565
1906
1010
1886
1904
1896
1873
1877
1877
1883
1883
1887
18 8 8
1002
100
1 .0 0 0
50
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
100
100
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 .0 0 0
1 ,0 0 0
1 .0 0 0
25
1 ,0 0 0
/M O N T G O M E R Y & E R I E R Y . — (S ee M a p E r ie R R .) — O w n s M o n tg o m e ry
t o G o s h e n , N . Y . , 1 0 m ile s .
L e a s e d In 1 8 7 2 to E r ie R R . a t $ 1 6 ,0 0 0 p e r a n .
S t o c k , $ 1 5 0 ,0 0 0 . D lv s . ( 4 ) 4 % p e r a n .) p a id M a y 10 a n d N o v . 1 0 . S in k ,
f u n d , $ 6 ,5 0 0 p e r a n .
T h e re a re $ 4 0 ,5 0 0 2 d M . 5s d u e O c t. 1 19 27.
/M O R E L IA & T A C A M B A R O — S ee pag e 17 0 .
M O R G A N ’ S L O U IS IA N A & T E X A S R R . & S T E A M S H IP C O .— (S ee M a p
S o u t h e r n P a c i f i c . ) — R O A D . — O w n s A lg i e r s t o C h e n e y v lll e , 2 0 5 m ile s ;
b r a n c h e s , 1 1 9 m .; e x t e n s io n s t o P o r t A l l e n , L a . , & c . , 5 3 m ., o p e n e d la t e I n
1 9 1 0 - t r a c k a g e t o A l e x a n d r i a , 2 4 m . ; t o t a l r a i l r o a d li n e s , 4 0 1 m . ; s t e a m s h ip
lin e s a n d f e rrie s , 106 m .
O R G A N I Z A T I O N . — T h e S o . P a c . C o . o w n s a ll o f th e $ 1 5 ,0 0 0 ,0 0 0 s to c k ,
D Iv . . In 1 9 0 5 -0 6 , 6 % ; I n 1 9 0 6 -0 7 , 1 0 % ; In 1 9 0 7 -0 8 , 2 5 % ; In 1 9 0 8 -0 9 , 4 % .
I n 1 9 0 9 -1 0 , 5 % .
E A R N I N G S . — 5 m o s ., ( 1 9 1 0 ..................G r o s s , $ 2 , 0 8 4 , 5 6 7 ; n e t , $ 7 0 1 , 4 2 9
J u ly 1 to N o v . 3 0 .
1 1 9 0 9 ___________ G r o s s ,
2 ,0 0 7 ,2 7 7 ; n e t,
7 0 1 ,5 4 4
I n y e a r e n d in g J u n e 3 0 1 9 1 0 , g r o s s , $ 4 , 9 1 2 , 5 7 3 : n e t , i n c l . o t h e r I n c o m e ,
$ 1 ,6 5 0 ,4 0 6 ; s u r p lu s o v e r c h a rg e s , $ 8 7 2 ,6 4 2 .— ( V . 7 6 , p . 5 4 3 .)
/M O R R IS & E S S E X R R . — (S e e M a v o f D e la w a r e L a c k a w a n n a A W e s t e r n .)
— O w n s f r o m H o b o k e n , N . J . , t o P h l l l l p s b u r g , N . J . , 8 5 m ile s ; b r a n c h ,
D e n v l l l e t o H o b o k e n , N . J . , 3 4 m ile s ; le a s e s 3 8 m ile s ; t o t a l o p e r . , 1 5 7 m ile s .
L E A S E D In p e r p e t u i t y t o D e la w a r e L a c k a w a n n a fc W e s t e r n , w h i c h
a s s u m e s a l l l i a b i l i t i e s a n d g u a r a n t e e s 7 % p e r a n n u m o n s t o c k ; 1 % e x t r a Is
a y a b le I n t h e e v e n t o f 3 0 % o f g r o s s e a r n i n g s b e i n g s u f f i c i e n t t o p a y a l l
x e d c h a rg e s a n d 1 0 % o n o u t s t a n d in g s t o c k .
B O N D S . — 1 s t re f. 3 )4 s , se e V . 7 0 . p . 4 8 0 ,4 7 7 ; V . 7 1 . p . 1 1 6 7 ; V . 7 4 .P -1 3 0 8 .
E A R N I N G S . — I m p o r t a n t t o D . L . & VV. w i t h t e r m i n a l f a c i l i t i e s o n N . Y .
H a r b o r , b u t th e e a r n in g s s h o w a d e f ic it a f t e r p a y m e n t o f r e n t a l ( In c lu d in g
$ 1 , 0 5 0 , 0 0 0 d i v i d e n d s ) , v i z . ; I n 1 9 0 8 , $ 7 8 9 , 5 6 4 ; I n 1 9 0 7 , $ 7 6 1 , 6 3 4 : In 1 9 0 6 ,
$ 8 8 8 ,5 2 6 ; In 1 9 0 5 , $ 5 8 5 ,3 9 4 : In 1 9 0 4 . $ 6 7 3 , 1 7 2 .— ( V . 7 4 , p .1 3 0 8 ; V .8 2 , p .8 0 5 )
M O R R I S T O W N & E R I E R R . — O w n s M o r r is t o w n . N . J . , to W h lp p a n y
4 m .; b r . , 9 % m .
S t o c k , $ 4 0 0 ,0 0 0 ; p a r , $ 1 0 0 .
6 m o s. e n d . J u n e 30 1909,
$ 3 9 , 8 5 8 ; n e t , $ 1 8 , 1 2 7 ; ln t . , $ 8 , 5 3 8 ; b a l. , s u r . , $ 9 , 5 8 9 .
P re s ., R . W . M c E w a n , 11 B ’ w a y , N . Y . — ( V . 7 7 , p . 5 1 1 . )
M O U N T C A R B O N & P O R T C A R B O N R R . — O w n s M t. C a rb o n to P o r t
C a r b o n , P a . , 2 . 5 0 m .; 2 d t r a c k , 2 . 4 5 m . : t o t a l t r a c k . 1 5 . 4 9 m ile s .
Leased
M c h . 5 18 6 0 f o r 5 0 y e a rs to P h lla . & R e a d .
I n 1 9 1 0 r e - le a s e d t o P h l l a . &
R e a d in g f o r 99 y e a rs f ro m M a r c h 5 a t 5 % o n th e s t o c k .
V . 89, p . 4 2 .
S
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%
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8 0 0 ,0 0 0 S e c te x t
1 0 ,0 0 0 ,0 0 0 6 In 19 10
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s Sept
s Sept
P la c e s W h e r e In ter es t a n d
D iv id e n d s a r e P a y a b le
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1 1991
s M ch 1 2 0 0 2
0 O ct 1 1942
fc
fc
S e p t 1 19 39
E m p ir e T r C o , N Y
M a y 1 19 26
G o sh en , N Y
J a n 1 1943
U S M tg e & T r C o , N Y
A p r 11918
S P C o , 120 B ’w ay , N Y
J u ly 1 1920
do
do
J u ly 1 19 13
do
do
J a n 3 ’ l l , 3 )4 % D e l L a c k & W e s te rn , N Y
M ay 1 1914
do
do
Ju n e 1 1915
do
do
D ec 1 2 0 0 0
do
do
1912
do
do
N o v 1910 2 %
do
do
S e p t 1 1923
B r o o k ly n T r u s t C o , N Y
J a n 1 5 * 1 1 ,2 ) 4 % R e a d i n g T e r m i n a l , P h l l a
O c t 1 19 25
A m e r ic a n T r u s t C o , C le v e
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J u ly
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Feb
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Jan
Jan
Ja n
Jan
Ja n
Apr
Ja n
M o b ile a n d N e w Y o r k
K n ic k e r b o c k e r T r C o ,N Y
G r a n d C e n t S t a t io n , N Y
T r e a s . o ff., P It t s b ., P a .
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M e r c a n t i le T r C o . S t L o u l s
te x t F
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5 g
7 4 .8 0 0 , 4 6 6
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1 2 0 ,1 1 5 ,6 8 6
L a s t D iv id e n d
an d M a tu rity
&
&
&
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&
1909
o n 3 3 m ile s o f r o a d , a n d a d d i t i o n a l b o n d s a r e I s s u a b le a t $ 2 5 , 0 0 0 p e r m ile ,
a s s ta te d In V . 8 9, p . 4 7 0 .
F o r y e a r e n d in g J u n e 3 0 1 9 0 9 , g r o s s , $ 1 3 8 , 0 0 0 ;
n e t . $ 8 0 , 0 0 0 ; l n t . o n $ 9 0 0 , 0 0 0 b o n d s , $ 4 5 , 0 0 0 ; b a la n c e , s u r p l u s , $ 3 5 , 0 0 0 .
P re s ., F r a n k S . G a n n o n .— ( V . 8 9 , p . 4 7 0 , 1 2 8 1 .)
of
A m ount
O u tsta n d in g
D a te
B onds
1 19 26
1 1924
11916
1 1910 5
1 19 11
1 1913
1 19 17
1 1917
1 19 23
1 19 23
1 9 1 2 t o ’ 17
1 19 28
1911, 3 M %
See te x t
Ja n
19 11 p a id w h e n d u e
R I H o s p it a l T r C o , P r o v
In d ia n H d B a n k , N a s h u a
N e w Y o r k a n d N a s h v ille
H an over N at B an k, N Y
H anover N at B ank, N Y
do
do
do
do
do
do
do
do
do
do
N a s h v lllo
N A S H V I L L E T E R M I N A L R R . — O w n s b r id g e a c ro s s th e C u m b e r la n d
R i v e r a n d 18 m . o f t r a c k .
L e a s e d t o r 9 9 y e a r s f r o m M a y 1 1 9 0 2 to T e n n .
C e n t R R . . w h ic h o w n s e n t ire $ 1 , 0 0 0 , 0 0 0 s t o c k .
I n D e c . 1 9 0 9 f ile d a m t g e .
t o s e c u r e $ 3 , 0 0 0 , 0 0 0 b o n d s : $ 1 , 0 0 0 , 0 0 0 r e s e r v e d t o r e t i r e $ 1 , 0 0 0 , 0 0 0 f ir s t
5s of 19 02.
N o n e s o ld to J u l y 1 9 1 0 .
V . 8 9 , p . 1 6 6 8 .— ( V . 8 9 , p . 1 6 6 8 .)
N A TIO N A L
R A IL W A Y S
O F / M E X I C O . — (5 e e M a p ) — C o m p r is e s :
S ta n d a rd G a u g e— O w n ed .
M ile s .
L a r e d o t o C i t y o f M e x i c o ________ 8 0 2
M e x i c o C i t y t o J u a r e z C i t y _____ 1 , 2 2 4
M e x ic o t o R i o B a l s a s ____________
18 2
C l n t u r a , & c . , lin e s ( 3 - r a ll t r a c k )
6
C h l c a lo t e t o T a m p i c o ____________
406
T a m p ic o to M o n t e re y a n d G o m e z
P a l a c l o ___________________________
548
E a g le P a s s , T e x . , a n d C l u a a d
P o r f i r l o D i a z v i a T o r r e o n to
D u r a n g o ............. ...............
540
B r a n c h — I r a p u a t o t o A m e c a ___
217
“
G u a d a l a j a r a t o M a n z a n i ll o 2 2 1
S a n J u a n J e t . t o J a r a l ___________
50
V a n e g a s to M a t e h u a la ___________
41
R i n c o n t o P o z o s __________________
37
M o n t e r e y t o M a t a m o r o s _________
206
G o n z a l e s to A c a m b a r o ___________
53
J i m e n e z t o R o s a r i o _______________
96
O t h e r b r a n c h e s , & c ______________ 1 , 0 4 0
C o n tro lle d — S e c u r itie s O w n ed .
Texas
M e x ic a n
R y .,
C o rp u s
C h r ls t l to L a re d o , T e x . , & c . _
L ea sed —
M iles•
11
M e x i c a n U n i o n R y _______________
B a r e x t e n s io n ( T a m p i c o t o L a
B a r r a ) _____________________________
6
C o a h u l l a C o a l R y _________________
24
T o t a l s t a n d a r d g a u g e __________ 5 , 8 1 2
N a rrow G a u g e— O w n ed .
C i t y o f M e x ic o t o U r u a p a n , & c . 3 1 9
M e x ic o t o B e r l s t a l n & b r a n c h e s
152
L ea sed —
M I c h o a c a n fc P a c i f i c R y . , M a r a v a t l o t o Z l t a c u a r o ___________
57
T o t a l I n c l . I n e a r n i n g s ________ 6 , 3 4 0
C o n tr o lle d — E a r n in g s s e p a r a te
(s ee se p a r a te sta te m ’t fo r ea ch )
In t e r o c . R y . (In c l. M e x . S o u .,
2 9 2 m i l e s ) .....................- ................. 1 , 0 2 6
C o n t r o l A c q u i r e d in 1 9 1 0 —
P a n - A m e r i c a n R R _______________
297
1 6 2 1 V e r a C r u z & I s t h m u s ___________
263
G r a n d t o t a l ( o f w h ic h 1 ,4 6 8 n a r r o w g a u g e ) _____________________________ 7 , 9 2 6
O R G A N I Z A T I O N . — O r g a n iz e d M a r c h 2 8 1 9 0 8 u n d e r s p o c la l A c t o f C o n
g r e s s o f M e x ic o , p e r p la n In V . 8 6 , p . 9 1 8 . 9 8 2 .
T h e p r o p e r t i e s o f t h e N a t i o n a l R R . o f M e x ic o , M e x i c a n C e n t r a l a n d
M e x ic a n In t e r n a t io n a l h a v e b e e n a c q u ir e d b y d e e d s , o p e r a t io n o f th e s a m e
b e in g t a k e n o v e r J a n . 1 a n d F e b
1 19 09 a n d J u l y 1 1 9 1 0 , r e s p e c t iv e ly .
V . 8 8 , p . 4 5 2 ; V .8 9 , p . 1 6 0 1 ; V . 9 0 , p . 1 5 5 4 . I n A u g . 1 9 1 0 a c q u i r e d a l l t h e s t o c k
o f t h e V e r a C r u z & I s t h m u s a n d 8 9 , 8 3 5 .9 0 0 o f t h e $ 1 0 , 0 0 0 , 0 0 0 s t o c k o f t h o
I a n -A m e rlc a n R R .
V . 01, p . 589.
A p p l i c a t i o n to li s t , d e s c r i b i n g p r o p
e r t ie s , n e w s e c u r i t i e s , & c . , V . 8 8 , p. 1 3 1 8 .
T h e M e x ic a n G o v e rn m e n t o w n s $ 1 1 5 ,0 2 3 , 5 9 0 o f th e $ 2 3 0 , 0 0 0 , 0 0 0
a u t h o r i z e d s t o c k , v i z . : $ 1 0 , 0 0 0 , 0 0 0 f ir s t p r e f e r r e d , $ 3 0 , 2 7 8 , 2 9 0 s e c o n d
p re fe rre d a n d $ 7 4 ,7 5 7 ,3 3 3 c o m m o n s to c k , a n d g u a ra n te e s th e p r in c ip a l
M U S C A T I N E N O R T H & S O U T H R Y .— M u s c a t i n e , l a . , t o ~ 'K I n g s t o n ,
V . 87, p. 15 3 3 .
4 3 .6
m ile s , o f w h i c h 14 m „ f r o m E l r l c k J e t . t o K i n g s t o n , o p e n e d N o v . 1 9 1 0 . a n d I n t e r e s t o f t h e n e w g e n e r a l m t g e . b o n d s .
S u c c e s s o r t o M . N . fc S . R R . , f o r e c lo s e d D e c . 1 9 0 9 .
V . 80, p. 1059 .
To
D I V I D E N D . - O n l s t p re f., 19 0 8 , 1 % ; 19 0 9 , 2 % ; 1 9 1 0 , F e b ., 1 % : A u g ..
b e e x t e n d e d fro m K in g s t o n to B u r lin g t o n , l a .
S to c k , $ 4 5 0 ,0 0 0 ; p a r, $ 1 0 0 .
V 0 1
p "9 4 6 0 ’ m a^
p a id f r o m e a rn in g s o f fis c a l y e a r 1 9 0 9 -1 0 .
I n J u n e 1 9 1 0 f ile d a $ 1 , 0 0 0 , 0 0 0 m t g e . t o G e r m a n T r u s t C o . o f D a v e n p o r t ,
Io w a , a s tru s te e .
V . 90, p. 1677.
S ecurities I m m e d ia te ly I ssu a b le
F o r y e a r e n d in g J u n o 3 0 1 9 1 0 , g r o s s , 8 6 7 , 2 5 6 ; o p e r . e x p . , I n c l . a l l I m p t s . ,
T h e a m o u n t s o f n e w b o n d s a n d p re f s h a re s w h ic h th e N e w Y o r k S t o c k
$ 6 6 ,'.» 2 2 .
P re s ., C h a s . H o w a rd , S e c ., T r e a s . a n d A u d ., G e o rg e R e e d e r
E x c h a n g e h a s a g r e e d t o l i s t a s s o o n a s Is s u e d ( V . 8 8 , p . 1 3 1 8 ) a r e a s f o ll o w s :
O f f i c e , M u s c a t i n e , l a . — ( V . 9 0 , p . p . 1 6 7 7 .)
[ T h e a m o u n t s a c t u a l l y lis t e d a r e s h o w n In t a b le a t t o p o f n e x t p a g e .]
M U S K E G O N G R A N D R A P ID S & IN D IA N A R R .— S e e p a g e 170.
P r i o r L i e n 4 ) 4 % B o n d s ($ 2 2 5 , 0 0 0 , 0 0 0 a u t h o r iz e d ) —
/M U T U A L T E R M I N A L C O . O F B U F F A L O . — S ee p ag e 1 7 0 .
I s s u a b l e In p a r t e x c h . f o r M e x . C e n t . b o n d s . a b t . $ 7 0 , 2 9 4 , 9 6 2
N A S H U A * L O W E L L R R . — O w n s d o u b l e - t r a c k r o a d f r o m L o w e l l. M a s s .,
S o ld f o r c a s h ____________________________________________ 1 0 , 0 0 0 , 0 0 0
to N a s h u a , N . H . , 1 5 m ile s .
O n O c t . 1 1 8 8 0 le a s e d f o r 9 9 y e a r s t o B o s t o n
T o M e x i c a n G o v ’ t o n a c c ’ t o f g u a r a n t y , & c _____
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A c c t . $ 1 0 ,0 0 0 ,0 0 0 N a t. R R . n o te s A p r il 1 9 0 9 ..
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a r e n t a l o f $ 7 3 , 0 0 0 ( 9 % o n s t o c k ) ; I n N o v . 1 9 0 6 to 1 9 1 0 I n c l. , ) 4 % e x t r a
w a s p a i d f r o m a c c u m u la t e d c a s h s u r p l u s . — ( V . 8 3 . p . 9 7 0 ; V . 8 5 , p . 1 0 0 5 . )
T h e r e m a in d e r o f th e a u t h . Issu e o f $ 2 2 5 , 0 0 0 ,0 0 0 Is re s e r v e d a s f o l
lo w s : ( 1 ) $ 2 3 , 0 0 0 , 0 0 0 to r e t i r e $ 2 3 , 0 0 0 , 0 0 0 N a t i o n a l R R . o f M e x ic o p r i o r
N A S H V I L L E C H A T T A N O O G A & S T . L O U I S R Y . — (S e e M a p . ) — O w n s
li e n 4 ) 4 % b o n d s d u e O c t . 1 1 9 2 6 ; ( 2 ) $ 0 5 , 5 0 0 , 0 0 0 f o r e x t e n s io n s , a d d i t i o n s
f r o m C h a t t a n o o g a , T e n n . , t o H i c k m a n , K y . , 3 2 0 m . ; b r a n c h e s to L e b a n o n .
& o .,
5 1 9 m .; le a s e s W e s t e r n fc A t l a n t i c , C h a t t a n o o g a , T e n n . , t o A t l a n t a . a n d I m p r o v e m e n t s a s s h o w n I n V . 8 6 , p . 1 3 1 9 , 9 1 9 .
T h e r i g h t Is r e s e r v e d t o I s s u e $ 6 , 0 0 0 , 0 0 0 a d d i t i o n a l b o n d s r a n k i n g p a r i
G a . . 1 3 7 m . , a n d M e m p h is & P a d u c a h D i v i s i o n o f t h e L . & N . , 2 5 4 m ile s .
p a s s u w i t h t h e o t h e r b o n d s o f t h i s s e r ie s , t o t a k e u p a t o r b e f o r e m a t u r i t y
See V . 7 1 . p . 5 4 4 . 664, 8 6 4 .
T o t a l o p e r a t e d J u l y 1 1 9 1 0 , 1 . 2 3 0 m ile s .
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t h e L o u . & N a s h . , o f w h ic h $ 5 , 5 0 1 , 5 0 0 Is p le d g e d u n d e r I t s m t g e s .
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A c c t . $ 1 0 , 0 0 0 , 0 0 0 N a t . R R . g. n o t e s d u e A p r . ’0 9 4 , 8 0 0 , 0 0 0
L . & N .. V . 7 5 . p. 1354 ;
$ 1 1 , 0 0 0 A e t n a I . M , M . & O . 6 s, V . 7 7 , 2 3 9 0 .
B e t t e r m e n t s , e q u i p . , r e t i r i n g e q u i p , o b ll g . , & c .
8 .1 8 5 ,9 2 5 — $ 6 0 ,7 5 1 ,0 0 0
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E A R N I N G S . — 5 m o s ., J 1 9 1 0 ............. G r o s s , $ 4 , 9 2 3 , 4 6 6 ; n e t , $ 1 , 2 0 9 , 9 8 4
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J u l y 1 t o N o v . 3 0 . ■ 1 1 9 0 9 ________G r o s s ,
4 ,7 8 0 ,1 8 0 ; n e t,
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c o n s o l. 4 s : ( 2 ) $ 7 4 , 5 0 0 , 0 0 0 f o r e x t e n s io n s , a d d i t i o n s a n d I m p r o v e m e n t s a s
A N N U A L R E P O R T . — R e p o r t f o r 1 9 0 9 - 1 0 w a s In V . 9 1 , p . 8 6 5 .
s t a t e d In V . 8 6 , p . 1 3 2 0 , 9 1 9 .
Y ea rs en d . J u n e 30—
19 10.
19 09.
19 08.
1907.
T h e r i g h t Is r e s e r v e d to I s s u e a d d i t i o n a l b o n d s , r a n k i n g p a r i p a s s u w i t h
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N e t I n c o m e ______________ $ 3 , 5 5 9 , 1 4 9
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D I v . o n s t o c k ____________ ( 6 ) 5 9 9 , 0 7 9
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A d d it io n s to p r o p e r t y . .
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I s s u a b l e In p a r t e x c h a n g e f o r M e x . C e n t . b d s . $ 4 1 , 4 1 6 , 2 3 4
P r e s ., J o h n W . T h o m a s J r . : V . - P . , I I . F . S m it h ; C h a ir m a n o f B o a r d ,
F o r M e x . C c n t .R y . sto c k ($ 5 9 ,1 2 7 .1 0 0 ), 1 0 0 % 5 9 ,1 2 7 ,1 0 0
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V . 7 5 , p. 185.
P r i o r li e n 4 H s , s e e , V . 6 5 , p . 1 5 1 , 1 0 7 1 .
C o n s o l. 4 s o f
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9 8 0 ,0 0 0
R e s e r v e t o r e p a i r llo o d d a m a g e s _____________________
1 ,0 0 0 ,0 0 0
I n t e r e s t o n b o n d s , & c ___________________________________ 1 6 , 7 3 9 , 7 4 4
T r a n s f e r t o r e s e r v e f u n d ----------------------------------------------1 4 1 ,8 2 8
• D i v i d e n d s o n 1 s t p r e f e r r e d s h a r e s _________________ * ( 4 ) 2 , 3 0 6 , 6 3 2
$ 2 1 ,0 2 4 ,7 3 7
$ 3 3 5 ,9 8 6
1 ,1 0 5 ,2 5 0
1 ,3 4 0 ,4 0 0
---------------1 6 ,9 7 5 ,9 4 4
6 3 ,3 5 7
(2 )1 ,1 5 3 ,3 1 6
Total deductions.......................................................$21,769,163
$20,974,253
B a la n c e ,
s u r p l u s ...................................................................
$ 3 8 8 ,1 0 9
$ 5 0 ,4 8 4
* T h i s I n c lu d e s 1 % p a i d N o v . 1 0 1 9 1 0 f r o m e a r n i n g s o f 1 9 0 9 - 1 0 , a s a u t h .
b y t h e s t o c k h o ld e r s , m a k i n g 4 % f o r t h e y e a r .
C h a i r m a n o f H o a r d , L i e . J o s e 'I v e s L l m a n t o u r : V i c e - C h a i r m a n . L i e .
P a b lo M a c e d o ; C h a i r m a n N e w Y o r k L o c a l B o a r d , H . C l a y P i e r c e ; P r e s . ,
E . N . B ro w n .
N . Y . o f f ic e , 2 5 B r o a d S t . — ( V . 9 2 , p . 5 9 .)
NEVADA-CALIFORNIA-OREGON RY.— (3 f t . g a u g e . ) — R e n o . N e v . , t o
A l t u r a s , C a l . , 1 8 4 m ., o f w h i c h M a d e li n e t o L i k e l y , 2 0 m . , o p e n e d O c t . 1
1 9 0 7 , a n d ! 2 0 m ., f r o m L i k e l y t o A l t u r a s , c o m p le t e d D e c . ’ 0 8 . E x t e n s i o n p r o
p o s e d 5 8 m ile s t o L a k e v l c w , O r e . , o f w h i c h 2 0 m ., t o a p o i n t n e a r t h e s o u t h
e n d o t G o o s e L a k e , t o b e b u i l t In 1 9 1 0 - 1 1 .
T h e S ie r r a V a lle y s R R . , P lu m a s
t o M o h a w k , C a l . , 3 7 m ile s , w a s a c q u i r e d a t f o r e c lo s u r e s a le J a n . 3 0 1 9 0 9 ,
th e s t o c k o f n e w c o . to b e o w n e d , V . 88, p . 4 5 2 .
S t o c k , c o m ., $ 1 ,4 5 0 ,0 0 0 ;
re f.. $ 7 5 0 ,0 0 0 , a ll o u t.
A f t e r 5 % o n c o m ., b o th s t o c k s s h a re p ro ra t a .
ilv . o n p re f. A u g . 19 0 6 , 3 % ; A u g . 1 9 0 7 , 4 % ; A u g . 19 08 to 1 9 1 0 , 5 % e a c h .
D iv id e n d o n c o m m o n s t o c k , 1 % , p a id A u g . 19 09 a n d 1 % A u g . 1 9 1 0 .
R e p o r t f o r y e a r 1 9 0 9 -1 0 w a s In V . 0 1 , p . 8 6 5 , s h o w in g , g r o s s , $ 4 4 7 , 8 5 7 ;
n e t . $ 2 2 9 , 2 5 2 ; o t h e r In c o m e , $ 1 3 , 1 1 4 ; I n t . . t a x e s , & c . , $ 5 3 , 7 9 1 ; d l v . o n p r e f .
( 5 % ) , $ 3 7 , 5 0 0 ; d i v . o n c o m . ( 1 % ) , $ 1 4 , 5 0 0 ; t m p t s . , $ 1 0 1 , 0 0 9 ; b a l. , s u r p . ,
$ 3 5 ,5 6 6 .
P r e s . , D . C . M o r a n , 68 W i l l i a m S t . , N . Y . — ( V . 9 1 , p . 8 6 5 .)
g
NEVADA COUNTY NARROW GAUGE R R — V . 0 1 , p . 1 2 5 4 .
NEW JERSEY JUNCTION RR.— T e r m i n a l r o a d t h r o u g h J e r s e y C i t y ,
H o b o k e n a n d W e e h a w k e n , a b o u t 5 m ile s .
L e a se d fo r 10 0 y e a rs fro m Ju n e
3 0 18 8 6 to N . Y . C e n t r a l , w h ic h g u a ra n t e e s b o n d s a n d o w n s $ 1 0 0 ,0 0 0 s t o c k .
NEW JERSEY & NEW YORK RR.— O w n s f r o m E r i e J e t . , N . J . . t >
G a r n e r v l l l e , N . Y . , 2 9 m ile s ; b r a n c h e s t o N e w C i t y , & c . . 5 m ; o p e r a t e s t o
H a v e r s t r a w , & c . , 14 m .; t o t a l o p e r a t e d , 4 8 m ile s .
E r i e R R . In A p r i l 1 8 9 6
p u r c h a s e d c o n t r o l. S t o c k , $ 1 , 4 4 0 , 8 0 0 c o m . , $ 7 8 7 , 8 0 0 p r e f . ; p a r . $ 1 0 0 . C o n
t r o l Is w i t h p r e f . s t o c k a n d 1 s t m t g e . t i l l 6 % h a s b e e n p a i d o n p r e f . f o r t h r e e
y e a rs.
T h e $ 4 0 0 ,0 0 0 6 % b o n d s m a t u r in g M a y 1 1 9 1 0 w e re e x t e n d e d 3 0
y e a rs a t 5 % .
V . 90. p. 914.
Y e a r 1 9 0 8 -0 9 , g ro s s, $ 6 3 4 ,5 5 2 ; n e t, $ 1 9 3 ,5 6 7 ;
o t h e r I n c . , $ 2 , 2 4 3 ; I n t . , r e n t a ls , & c . , $ 1 8 1 , 6 5 7 ; b a l . , $ 1 4 , 1 5 4 . — (V . O O . p .9 1 4 .)
NEW JERSEY & PENNSYLVANIA RR.— S e e p a g e 1 7 0 .
NEW LONDON NORTHERN RR.— O w n s f r o m N e w L o n d o n . C o n n . , v i a
B r a t t l e b o r o , V t . , t o S o u t h L o n d o n d e r r y , V t . . 1 5 8 m ile s .
L E A S E D fo r 99 y e a rs fro m D e o . 1 1891 to C e n t r a l V e rm o n t .
T h e re n ta l
I s $ 2 1 3 , 5 5 2 p e r a n n u m , w h l c h l e a v e s a s m a ll s u r p l u s a f t e r p r o v i d i n g f o r I n t e r
e s t . & c . , a n d 9 % d iv id e n d s .
T a x e s a n d I m p r o v e m e n t s m e t b y le s s e e .
In
J u l y 1 9 1 0 Is s u e d $ 1 ,5 0 0 ,0 0 0 4 s to r e f u n d b o n d s d u e .
V . 90, p . 1677.
D I V I D E N D S . — 18 8 8 t o A p r i l 1 8 9 2 , 7 % y e a r ly , t h e n 8 % y e a r l y t o 1 8 9 3 ,
a n d s in c e to J a n . 1 9 1 1 ( ln c l . ) . Z \ i % q u a r . ( 9 % p e r a n . ) . — V . 9 0 , p . 1 6 7 7 .
NEW MEXICO CENTRAL RR.— S e e p a g e 1 7 0 .
NEW ORLEANS FORT JACKSON & GRAND ISLE RR.— V. 88, p. 375
NEW ORLEANS OREAT NORTHERN R R — O w n s N e w O r le a n s ,
L a . , to J a c k s o n , M is s . , 1 8 2 m ile s , w i t h b r a n c h e s , R i o , L a . , t o T y l e r t o w n ,
M is s . , 4 1 m . ; S li d e l l , L a . , t o F o l s o m , L a . , & c . , 5 5 m . , m a k i n g a t o t a l o f 2 7 8
m i le s o p e r a t e d , l n c l . 2 9 m . t r a o k a g o f r o m N e w O r l e a n s t o S li d e l l , L a . , a n d
o t h e r t r a c k a g e , 1 3 m ile s .
S t o c k , $ 7 ,5 0 0 ,0 0 0 .
E q u ip , t ru s t b o n d s.
F i r s t m t g e . Is f o r $ 1 0 , 0 0 0 , 0 0 0 a u t h .
V . 81, p . 8 41.
se r. A , $ 4 7 5 ,0 0 0 .
E A R N I N G S . — F o r 4 m o n t h s e n d in g O c t . 3 1 1 9 1 0 :
C ha rg es. B a l., s u r .
4 M o n th s—
G ross.
N e t.
O th . I n c .
$ 1 6 7 ,1 5 2
$ 7 3 ,6 6 4
1 0 1 0 ....................... ......... $ 5 7 5 , 5 0 3
$ 2 2 4 ,6 0 3
$ 1 6 ,2 1 3
1_______
8 4 ,9 4 8
15 ,8 2 2
1 9 0 9 ........... ...................
4 3 0 ,6 5 6
1 4 1 ,1 1 1
5 9 ,6 5 9
R e p o r t f o r y e a r e n d in g J u n e 3 0 1 9 1 0 , I n V . 9 2 . p . 1 8 3 , s h o w e d , g r o s s ,
$ 1 ,4 9 7 ,6 4 9 ; n e t. $ 5 8 9 ,9 6 4 : ta x e s , $ 1 4 ,4 0 0 : o t h e r In c o m e , $ 1 7 0 ,2 7 2 ; In t . o n
b o n d s , $ 3 9 9 ,4 7 9 ; o t h e r c h a r g e s . $ 1 5 3 , 2 4 8 ; b a l. , s u r . , $ 1 9 3 , 1 0 9 .
O F F I C E R S . — P r e s . . C h a r le s W . G o o d y e a r : 1 s t V . - P . a n d G e n . C o u n s e l ,
M . E . O lm s t e a d ; 2 d V . - P . , C . I . J a m e s : S e c . a n d T r e a s . , F . A . L e h r ; G e n .
M g r . , N . G . P e a r s a l . — ( V . 8 8 , p . 1 1 9 7 ; V . 9 0 , p . 3 7 3 ; V . 9 2 , p . 1 8 3 .)
NEW ORLEANS MOBILE & CHICAGO RR.— Operates:
R oad—
M ile s . I
R oad—
w
M ile s .
Mobile. Ala., to Middleton. Tenn.369 Elllsvllle J e t . to Elllsvllle, Miss.. 6
B e a u m o n t , Miss., to H a t t i e s b u r g . 27 [
-----Total (100 m . 60-lb. and 302 m . 70 lb steel), lncl. Gulf & Chicago...402
(?)
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%
& J
4M g J
4 g
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4H g J
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4 g
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J
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J u ly 10
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M
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1
1
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&
&
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N M a y 1 1919
J J u ly 2 19 38
M o ra n B ro s, N ew Y o rk
1 J * % p a id F e b 1 9 0 9
A Feb
N Y C e n tra l
&
&
5g
F
1 1986
& Hud
R iv e r
D Ju n e 1 1927
C o rp T r C o , J e rs e y C it y
3— J
J a n 1 9 1 1 , 2 H % N e w L o n d o n O f f ic e
& ,T J u l y 1 1 9 4 0
& D 1990
do
do
& D D eo 1 1941
P it t s b u r g h T r u s t C o
&
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A Aug 11955
J Jan
Sept
N ov
Jan
J u ly
Apr
J u ly
O 10 A p r
Y e a r ly
A & 0
& J
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% g o ld (11
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do
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do
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do
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L o n d o n a n d B o sto n
do
do
do
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N o n e p a id
do
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O ld C o l T r C o , B o s t & L o n
do
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S p e y e r B ro th e rs, L o n d o n
O f f ic e , 2 5 B r o a d S t , N Y
do .
do
F
J
1 19 57
1 19 77
1 1926
1 19 51
1 1911
1 19 39
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10 19 39
10 1939
1 1911
1917
1919
1947
1977
19 77
J
J
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J u ly
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O ct
O ct
J u ly
J u ly
J u ly
Ja n
Ja n
J u ly
P la c e s W h ere In ter es t a n d
D iv id e n d s a r e P a y a b le
O Apr
O O ct
S Sept
S Sept
s Sept
5
9
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4
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J
L a st D iv id e n d
a n d M a tu rity
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5 .8 6 2 .0 0 C
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1 . 5 0 0 .0 0 C U p t o 4 A
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4H g
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1 1960
3 1910 6 H
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1 19 52
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1 19 53
10 1911
K n lc k . T r . C o .. N . Y .
4 9 W a ll S t ., N Y
N e w O rle a n s , L a
C e n tra l T ru s t C o , N
F a rm e rs’ L & T r Co, N
e a rn e d ) o n D e c 1
F r a n k lin T ru s t C o , N
S ta n d a rd T ru s t C o . N
E m p ir e T r u s t C o . N Y
Y
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O R G A N I Z A T I O N . — S u c c e s s o r D e c . 1 1 9 0 9 p e r p la n V . 8 5 , p . 1 5 7 7 ; V . 8 7 ,
p . 1 6 6 4 , to M o b ile J a c k s o n & K a n C ’ y a n d G u l f & C h ic a g o , s o ld I n f o r e c l o s u r e
A u g . 23 1909.
V . 89, p . 5 29 , 919.
I t Is p r o p o s e d e v e n t u a l l y t o e x t e n d
t n e s y s t e m t o t h e O h io R i v e r o n t h e n o r t h a n d t o N e w O r l e a n s o n t h e s o u t h .
A s y n d i c a t e f o r m e d b y t h e I n t e r e s t s n o w In c o n t r o l a g r e e d to a s s u m e
t h e f lo a t in g d e b t o f t h e o ld c o m p a n ie s , a g g r e g a t in g $ 1 , 5 3 4 , 2 6 2 , a c c e p t
i n g a s s e c u r i t y $ 1 , 5 3 4 , 2 6 3 I n b o n d s a n d $ 1 5 3 , 4 2 6 In n e w p r e f . s t o c k .
M is c e ll a n e o u s c a r t r u s t s J u n e 3 0 1 9 0 9 , $ 1 2 1 , 4 9 1 .
T h e r e a r e a ls o o u t s t a n d i n g $ 3 6 , 0 0 0 o ld M o b . J a c k s o n & K . C . 1 s t 5 0 - y r .
g o ld 5 s , d u e J u n e 1 0 4 6 ; I n t . J . & D . ; C e n t r a l T r u s t C o . , N . Y . , t r u s t e e .
EARNINGS— 1 1 m os., 1 1 9 0 9 - 1 0 .......... Gross, $ 1 , 5 7 2 , 7 8 1 ; n e t , $ 5 4 5 , 5 4 7
1 1 9 0 8 - 0 9 .......... G r o s s ,
1 ,4 2 4 ,0 1 3 : n e t. 4 3 8 ,2 7 0
J u ly 1 to M a y 3 1 .
S u r p lu s a f t e r c h a rg e s , $ 2 5 ,6 2 8 , a g s t . d e f. $ 3 7 ,9 5 3 In 1 9 0 8 -0 9 .
R E P O R T . — R e p o r t f o r y e a r e n d in g J u n e 3 0 1 9 0 9 ( o ld c o . ) I n V . 8 9 , p .
1 5 4 0 , s h o w e d : T o t a l o p e r a t in g r e v e n u e , $ 1 , 5 2 5 ,8 3 3 ; n o t a f t e r t a x e s , $ 4 6 1 ,
5 2 2 ; I n t . o n b o n d s , & c . , $ 4 8 9 , 2 9 6 ; r e n t s a n d h ir e o f e q u i p . , $ 2 4 , 5 6 0 ; b a l . .
d e f., $ 5 2 ,3 3 4 .
I n 1 9 0 7 -0 8 o p . r e v . $ 1 , 4 4 0 , 3 9 7 : n e t , $ 2 2 4 , 0 0 7 .
O F F I C E R S . — P re s ., L . S . B e rg , 49 W a ll S t ., N . Y . ; Seo. a n d T r e a s ..
G e o . W . C r a r y , M o b ile , A l a .
D ir e c t o r s .— B r a y t o n Iv e s ( C h a ir m a n ) , L . S . B e rg , C h a s . K . B e e k m a n ,
G e o . R . S h e ld o n , F r e d e r i c E . F r i e d a n d R . W . K . A n d e r s o n o f N e w Y o r k ;
J o h n M c L e o d , P it t s b u r g h : R ic h a r d B . S c a n d re t t , P it t s b u r g h ; VVm . C .
S p r o u l . C h e s t e r , P a . ; S . V V e x le r, N e w O r l e a n s , a n d E d m u n d K . S t a l l o .
N e w Y o r k . — ( V . 9 0 . p . 1 6 7 .)
NEW ORLEANS & NORTH EASTERN RR.— N e w O r le a n s , La., to Mer
i d i a n , M is s . , 19 6 m ile s . S t o c k , $ 6 , 0 0 0 , 0 0 0 ( p a r $ 1 0 0 ) , o f w h i c h $ 5 , 3 2 0 , 0 0 0
a n d $ 5 , 1 9 5 , 0 0 0 g e n . 4 H s a n d $ 1 , 5 0 0 , 0 0 0 I n c o m e s w e r e h e ld I n J a n . 1 9 1 0 b y
A la . N e w O rle a n s T e x a s & P a c . J e t . R y .
R e o r g a n i z e d In 1 9 0 2 p e r p l a n I n V . 7 4 , p . 6 8 1 .
D iv id e n d o n s t o c k 1 9 0 3
a n d 19 04 . 3 % e a ch ; 19 0 5 , 3 ^ % ; 1 9 0 6 ,.5 % ; 1 9 0 7 , 6 % ; 1 9 0 8 . 4 % ; 1 9 0 9 .
S e p t ., 5 % ; 1 9 1 0 , S e p t ., 6 M % .
O f th e g e n . 4 H s , $ 1 ,4 7 2 ,0 0 0 a re re s e rv e d
t o r e t i r e t h e r e m a i n i n g p r i o r lie n a n d f ir s t m t g e . b o n d s a n d $ 7 6 6 , 0 0 0 f o r
fu tu re ne ed s.
E q u ip m e n t n o te s o f 19 0 6 , V . 8 2 , p . 9 8 7.
E A R N I N G S . — 5 m o s ., / 1 9 1 0 __________ G r o s s , $ 1 , 4 6 3 , 2 0 5 ; n e t , $ 4 8 3 , 3 1 9
J u ly 1 to N o v . 3 0 .
] 1 9 0 9 __________ G r o s s ,
1 ,3 9 9 ,6 1 3 ; n e t,
4 6 3 ,6 3 0
R e p o r t fo r 1 9 0 9 -1 0 , V . 9 1 , p . 1 3 2 3 .
Y r. en d . J u n e 3 0 .
G ross.
N e t.
O th . I n c .
I n t., & c.
B a la n c e .
1 9 0 9 - 1 0 _______________ $ 3 , 4 4 3 , 1 0 2
$ 1 ,0 7 4 ,0 9 2 $ 1 0 0 ,1 8 4
$ 5 0 3 ,9 6 6 $ 6 7 0 ,3 1 1
1 9 0 8 - 0 9 _______________ 3 , 0 3 5 , 0 8 8
8 4 3 ,1 6 4
9 0 ,6 1 5
4 8 1 ,0 2 6
4 5 2 ,7 5 3
F r o m s u r p l u s p a id d l v . o f 6 ' A % ( $ 3 9 0 , 0 0 0 ) I n 1 9 0 9 - 1 0 , a g a i n s t 5 % ( $ 3 0 0 ,
0 0 0 ) I n 1 9 0 8 - 0 9 .— ( V . 8 9 . p . 7 7 9 , 1 2 2 3 , 1594; V . 9 1 , p . 7 1 7 , 1 1 6 1 , 1323.)
NEW ORLEANS TERMINAL CO.— O w n s e x t e n s i v e t e r m i n a l p r o p e r t y a t
N e w O r l e a n s a n d a b e lt r a i l r o a d a r o u n d t h e c i t y , le a s e d t o t h e S t . L o u i s &
S a n F r a n c is c o a n d S o u t h . R y . to r 99 y e a r s f ro m J u l y 1 1 9 0 3 , r e n t a l c o v e r in g
a ll e x p e n s e s o f o p e ra t io n s , m a in t e n a n c e , t a x e s a n d In t e re s t .
S o u th e rn R y .
a n d S t . L o u is & S a n F r a n c i s c o e a c h o w n h a l f o f t h e $ 2 , 0 0 0 , 0 0 0 o u t s t a n d i n g
s t o c k ( $ 5 , 0 0 0 , 0 0 0 a u t h o r i z e d ) , a n d J o in t ly g u a r a n t e e t h e b o n d s .
In Feb.
19 09 $ 3 ,0 0 0 ,0 0 0 o f a n Is s u e o f $ 3 ,5 0 0 ,0 0 0 2 - y e a r 5 % n o te s , g u a r a n t e e d b y
t w o le s s o r c o m p a n ie s a n d s e c u r e d b y $ 5 , 0 0 0 , 0 0 0 b o n d s , w e r e s o ld t o r e t i r e
$ 2 ,5 0 0 ,0 0 0 n o te s m a t u r in g A p r il 10 1 9 0 9 a n d f o r Im p r o v e m e n t s , V . 8 6 , p .
7 2 1: V . 88, p . 564.
P re s ., D . D . C u r r a n .
See V . 78. p. 3 4 3, 1447; V . 79 ,
p . 1 4 6 6 ; V . 8 1 , p . 1 5 5 : V . 8 3 , p . 2 7 2 : V . 8 6 . p . 7 2 1 ; V . 8 8 , p . 5 6 4 .)
NEWPORT & RICHFORD RR.— O w n s f r o m N e w p o r t , V t . , t o C a n a d ia n
l i n e n e a r N o . T r o y , 2 2 m ile s .
L e a s e d f o r 9 9 y e a r s f r o m J u n e 8 1 8 8 1 to
M o n t r e a l & A t l a n t i c R y . , In t u r n o p e r a t e d b y C a n a d ia n P a c i f i c R y . ; r e n t a l
$ 1 8 ,0 0 0 a y e a r .
S t o c k . $ 3 5 0 , 0 0 0 , m o s t ly o w n e d b y C o n n e c t i c u t & P a s s u m p s lc R iv e r s R R . ( B o s t o n & M a in e s y s t e m ), w h ic h g u a ra n t e e s t h e n e w
$ 3 5 0 , 0 0 0 1 s t 5 s , p r i n c i p a l a n d I n t e r e s t . V . 9 1 , p . 1 0 2 6 . — ( V . 9 1 , p . 1 0 2 6 .)
NEW YORK BAY RR. — O w n s f r o m K e a r n e y J u n c t i o n , N . J . , to a p o i n t
4 ,1 8 4 fe e t e a s t o f W a v e r l y S t a t i o n , n e a r N e w a r k , a n d f r o m a p o i n t 4 , 0 3 7
f e e t e a s t o f W a v e r l y S t a t i o n t o t h e b u lk h e a d t in e a t G r e e n v i ll e p ie r s , o n N e w
Y o r k B a y , 1 0 .9 8 m ile s , w i t h 3 b r a n c h e s , 2 .5 9 m ile s ; t o t a l, 1 3 . 5 7 m i le s .
S t o c k , $ 6 ,0 0 0 ,0 0 0 , a ll o w n e d b y P e n n s y lv a n ia R R .
I n 1908 m a d e a m t g e .
to s e c u re $ 6 ,0 0 0 ,0 0 0 b o n d s , o f w h ic h P e n n . R R . D e c . 3 1 19 09 o w n e d $ 3 ,
3 1 0 ,0 0 0 .
V . 8 6 , p . 9 2 0 , 9 8 2 .— ( V . 8 6 , p . 9 2 0 . 9 8 2 .)
NEW YORK BROOKLYN & MANHATTAN BEACH R Y.— O w n s f r o m
F r e s h P o n d J u n c t i o n to M a n h a t t a n B e a c h ( C o n e y I s l a n d ) , a n d b r a n c h e s
t o B a y R i d g e a n d G r e e n p o ln t , 1 5 m ile s .
L e a s e d fo r 99 y e a rs fro m
O c t . 1 1 8 8 5 to t h e L o n g I s l a n d R R . C o . , w h i c h o w n s m a j o r i t y o f s t o c k .
R e n t a l, In t e re s t o n b o n d s a n d 5 % o n p re f. s t o c k .
C o m m o n sto ck , $ 3 5 0 ,0 0 0 .
L . I . R R - h a s a t t a c h e d to th e b o n d s It s u n c o n d it io n a l g u a r a n t y o f p r in c ip a l
a n d I n t e r e s t In a d d i t i o n to f a c t s a s t o le a s e . — ( V . 8 3 , p . 1 3 4 8 .)
NEW YORK CENT. & HUD. RIVER RR.— ( S e e M i p s . p p . 8 8 . 8 9 .)
L in es ow n ed .
M ile s
O p e r a t e d U n d e r C o n t r a c t (C o n c l . ) —
N e w Y o r k t o B u f f a l o _____________ 4 4 1 S t . L a w r e n c e & A d i r o n d a c k * . .
56
B r a n c h e s ...................
3 6 5 T r a c k a g e ___________________________
274
P r o p r i e t a r y l i n e s ............................
3
L i n e s l e i s e d . (* S e e t h is c o .)
T o t a l I n e a r n i n g s ______________ 3 , 7 8 2
W e s t S h o r e * ......................................
479
C o n tro lle d — O p e ra ted S e p a r a te ly .
T r o y & G r e e n b u s h * ...................
6 L a k e S h o r e & M ic h . S o u t h e r n * . 1 , 6 6 3
S p u y t e n D u y v l l & P t . M . * _____
5 M ic h ig a n C e n t r a l * ............................. 1 . 7 4 6
N e w Y o r k & H a r l e m * ..................
1 3 7 L a k e E . A llia n c e & W h e e lin g . .
88
N e w J e r s e y J u n c t i o n * . ................
5 N . Y . C h ic . & S t. L o u s R R . * . .
523
R o m e W a t e r t o w n & O g d e n * ___
6 2 4 L a k e E r i e & W e s t e r n * ................I
M o h a w k & M a lo n e * .......................
18 2 N o r t h e r n O h i o * __________________ I 8 8 6
C a r t h a g e & A d i r o n d a c k * ________
4 6 “ B i g F o u r ” S y s t e m * ........................ 2 , 3 3 4
N e w Y o r k & P u t n a m * . . ........... ..
59 C h ic a g o I n d i a n a & S o u t h e r n * . . 3 5 3
B o s t o n & A l b a n y * _______________
3 9 3 C i n c i n n a t i N o r t h e r n * ___________
248
N e w Y o r k & O t t a w a * ..................
1 2 6 D u n k i r k A l l . V a l. & P i t t s . * . . .
91
G e n e v a C o r n i n g & S o u t h e r n ___ * 2 3 2
P i t t s . & L a k e E r i e s y s t e m 1 ___
191
B e e c h C r e e k R R . * .........................
1 6 5 R u t l a n d R R ....................................
468
B e e ch C re e k E x t e n s io n R R . ,
L i t t l e F a l l s & D o l g e v l l l e ________
14
e t c . * ........... .......................................
1 2 7 C h ic a g o K a la m a z o o & S a g i n a w
55
W a l l k l l l V a l l e y .................................
3 3 D e t r o i t <Sc C h a r l e v o i x ___________
44
O p era ted U n d er C o n tra ct—
I n d i a n a H a r b o r B e l t .....................
160
T e r m i n a l R y . o f B u f f a lo * ---------11
T o t a l J a n . 1 9 1 0 . le s s 1 6 1 m . d u p li c a t e d ( 3 3 8 m ile s 4 - t r a c k e d ) ________ 1 2 . 4 3 0
RAILROAD COMPANIES
[For abbreviations, &c., see notes on first page]
New Orleans Texas & Mexico— See St Louis & San Fr.
Ncwpori & Richford— 1st M $350,000 g, gu C&P SBcx
New York Bay— First mortgage $6,000,000 gold-.(IP
N Y Bklyn & Manhattan Beach— Pref stock rion-cum.
First cons M (now 1st M) gold guar by L I___ Cc.c*
N Y Cent & Hud River—Stock ($250,000,000 auth) -Tr
Refunding mortgage $100,000,000 gold__ Ce.c'& r
Coll trust g ($100,000,000) Lake Shore stk._G.c*&r
do do ($21,550,000) Mich Cent stock_______ G
Mtge on Gen Corn & Sou $10,000,000 gold-Fxc &r
Mtge on Spuyten D & P M $20,000,000 gold___ Cc
Debentures (V 60, p 1102; V. 71, p 502, 9 6 4 ) __
Debentures $50,000,000 gold___ ________Us.c*&r*
New York Central Lines—
Joint eq tr g $2,000,000 an(V 86. p 800, 920)_G.c*&r
do do $2,000,000 an. (V 90,p 914)_-Gc*&r
N Y Chicago & St Louis—Common sto ck ___________
2d pref stock (5% non-cuin)...... .............................
First preferred (5% non-cumulatlve)__________
First mortgage gold sink fund not drawn _Cc.c*&r
Debenture bonds $10,000,000 gold...........Gx.c*&r*
N Y & Greenwood Lake— Prior lien M gu p & I.N.gxc*
New York & Harlem—Common 14%, 10% guaranteed
Preferred stock 14%, 10% guaranteed__________
Refunding mtge (now first) $12,000,000 g._(i.c*& r
N Y Lackawanna & Western—Stock guar 5% (end)
First mortgage guar by Del Lack & W estern.. F.c*
Construction mortgage guar by D L & W (end). F.c*
Third M Term Imp ($5,000,000) guar p & 1 (en d)--F
New York Lake Eric & Western—Sec Erie RR
N Y & Long Br—Gen M (now 1st) $2,500,000 g Cc.c*
New York New Haven & Hartford—Stock (see text) .
Debentures ($5,000,000 are 4s) non-convertible.c&r
Deb (for Cent New Eng) g non-conv (V 78, p 768)
Debentures (for F II & W) (V 78, p 2335)________
Debentures (for N Y Ont & W) (V 80, p 2458) .c*&r
Miles Date
Road Bonds
1911
1908
____
1885
__
809 1897
1898
1898
1909
1909
1900
1904
22
14
15
15
1907
1910
505
53
146
146
136
214
214
214
214
1887
1906
1896
1897
1880
1883
1890
1891
___
’ 97-’ 01
1904
__ 1904
1905
38
Par
Value
$1,000
1,000 &c
100
1,000
100
1,000 &c
1,000 &c
1,000 &c
1,000 &c
1,000 &C
1 bond
1,000 &c
1,000
100
1,000
1,000
500 Ac
1,000
HISTORY, &c.— Control of the Lake Shore and Michigan Central roads
was acquired In 1898, as stated below. V. 71, p. 502; V. 78, p 48
In Jan 1910 a 99-year traffic agreement was made with the Western
Maryland under which that company Is building an 87-mlic connecting line
with the Pittsburgh & Lake Erie. V. 90, p. 237.
Since 1900 the allied lines, with the exception of the N. Y. Chicago
& St. Louis, arc known as the “ New York Central Lines.” V. 81, p. 1792.
STOCK.— Dlvs. on stock rcg. In London are payable at 40Hd. to the $.
Stockholders were olfered $44,058,000 new stock at par, payable on or be
fore Jan. 20 1910, raising the amount outstanding to $223,290,000, the pro
ceeds to be used to retire $21,960,015 of the $25,000,000 5% notes maturing
Feb. 1 1910; remainder for additions and Improvements. V. 89, n. 1223.
1411, 1542, 1668; V. 90,p. 705.
‘
’
DIVIDENDS.] *95. ’96-98. '99. ’00 t o '06. '07. '08. '09. '10.
1911.
Since 1891.% / \\i 4 yearly. 4
5 yearly. 6
5H 5
5 % Jan., 1
In 1910, Jan., 1 K % ! April, 1 X % ; July, 1 A%\ Oct., 1 'A%.
BONDS.—Ref. mortgage Is for $100,000,000, of which $73,346 000 was
Issued to retire $70,377,000 old bonds and $11,654,000 for general purposes,
remainder ($15,000,000) was reserved for new construction, of which $4,000, 000 sold Feb. 1909. V. 77. p. 452; V. 86. p. 1043, 1101; V. 88. p. 506.
Collateral trust 3H s of 1898 are secured by deposit of stock of the Lake
Shore & Michigan Southern and Michigan Central RRs. at the rate of $100
of L. S. & M. S. stock for each $200 of bonds and $100 of Mich. Cent, stock
for each $115 of bonds outstanding. See V. 66, p. 288, 336, 760, 811.
_1° 1904 $50,000,000 4% debentures were authorized, of which $30,000,
000 were sold In 1904 and $13,000,000 In 1908. On Jan. 13 1910 the com
pany was authorized to Issue $5,000,000 4% debenture bonds of 1934 In
payment for $5,000,000 Geneva Corning & Southern 1st pref. stock. V.
90, p. 168 . I hey arc to be secured by any new mortgages, but existing
mortgages may be extended. V. 78, p. 1907, 1962, 2384; V 79. p 1335
2148; V. 86, p. 1043, 1101, 1467; V. 87, p. 415, 614.
In 1909 made a new mtge. on the Geneva Corning & Southern to secure
an authorized Issue of not exceeding $10,000,000 bonds bearing 4% lntcrest, to retire outstanding bonds and for extensions and Improvements,
of which $3,744,000 authorized to be Issued In July 1909; not yet Issued,
}?co. A-910,’
a
A 128; v : 8®• P• 287. Also on the Spuyten Duyvll &
Port Morris $20,000,000, of which $2,500,000 3 Hs has been Issued, mostly
to refund Indebtedness to N. Y. Central. V. 89, p. 105, 287.
As to equipment trusts of 1907 and 1910, sec "N . Y. Cent. Lines” below.
GUARANTIES.— The company guarantees the securities of Its leased
incs to a considerable aggregate—see separate statement for each company
In the table of mileage preceding. It also guarantees Western Transit Co.
3Hs for $1,000,000 duo Feb. 1923.
FINANCES.—The refunding of old bonds was completed In
1905: annual saving In Interest charges about $1,475,000.
. InJan. 1907 the dividend rate was raised from 5 to 6% (but again reduced
to 5% in April 1908 and restored to 6% In April 1910), and the dlvldend rates on the Lake Shore and the Michigan Central from 8 to 12% and
4 toi 6% , respectively, increasing the Income of the Central from Its holdings
of the stocks of the two companies $2,147,754 yearly Jan 1008 2% extra
was paid on the Lake Shore and Mich. Central stocks, and In Mch. 1910 6%
extra on Lake Shore stock. V. 83, p. 1411- V. 85, p. 1577: V. 90 p 627
The company Intends to spend In 1910 about $42,000,000 for Improvcv f 88*
v ! Sof p^lIH1,1l ^ T v ' ^ ll°Vp
l
)ro^lcssOct. 1910.
As to sale of $44,658,000 stock In 1909-10,’ see “ Stock” above.
In 1902-03 control of the Reading Co. was acquired by Balt. & Ohio
(Pennsylvania Interests) and Lake Shore. V. 76. p. 101- V. 78 n 48
RA n
the Oregon Short Line (Union Pacific system) owncd'$17.857,125 N. Y . Central stock
V. 84, p. 52, 571; V. 89 p. 411.
I he New York State Railways Co. (see "Electric Railway Section” ) is
mdwav VnnN Sv r° « ^ aI1/ ’ ownln8 ,°r controlling some 634 miles of electric
railway In N Y State (compare V. 87, p. 544), In July 1910 an Initial
a u1
n aMohawk
. ? wils-iPnkl
t,lestock.
New York
Rys. common stock
and
1
on
ValleyonCo.
V. 90,State
p. 1296.
E Jan.
p ^ N1
p j^ 1Vnn03”
/,12A2------£
ross- $9M
52,932; net,
net, $24,198,838
1 ^too SNov.
,30.
(1909------Gross,
85.159,408;
26,286,240
s ia v r a
° c t- 'V, 101°- nct after taxes, $17,893,462, against
f^ 9A87f n ' l t’srt Jfiv
513.300.506; charges, $18,314,481; dividends
(5% ), $11,136,465, balance, surplus, $1,743,022. V. 92, p. 119 .
RMomniDn’
nlTfitrrR
7 n.?rt See
o0r y?ar
cadlnf Dec.
31 1909 was given
at
length in v
v .Unn0
90, p.
691, 704.
also editorial,
p.665.
Combined Results OF ALLIED LINES. (Compare V. 90, p 910, 886.)
Year end Dee. 31—
1909.
P
1908.
Inc or Dec.
Miles operated...............................
12,430
12,283
+ 14 7
Operat ng revenues........................$236,941,707 $207,019,025 +$29,022 682
Operating Income........................ 69,601,901
."l,869.626 +17 732 275
Other Income__________________ 20,418,087
--------------1
19,806,909
+1611,178
Gross corporate Income______$90 019,988
$71,676,535 +$18,343,453
Charges ..............
$47,174,341 $46,471,577
+$702,764
New equip, and additions..........
1,923,157
4,705,548
— 2,782,391
D ividends____________________
20,242,978
18,291,860
+1,951,118
$2,207,550 +$18,471,962
Rate
%
When
Pauable
Last Dividend
and Maturity
$350,000
5 g •T & J Jan 1 1941
3,840,000
4 g J VSc J Jan 1 1948
650,000
5
A & O Oct 1910 2
1,726,000
5g
A & O Oct 1 1935
223,290,000 See text
C .T Jan 16 1911 1 V,
89,000,000
3H g J & J July 1 1997
90,578.400
31* g F & A Feb 1 1998
19,336,445
3 ^ g F & A Feb 1 1998
See text
M & N May 1 1959
4g
2,500,000
3 Hg J & D June 1 1959
5,500,000
& J July 1 2000
3H g J
M & N May 1 1934
48,000,000
4g
1,000 &c 24,000,000
1,000 &c 28,000 000
100 14,000,000
100 11,000,000
100 5,000,000
1,000 19,057,000
1,000 10,000,000
1,500,000
100 &c
50 8,656,050
50
1,343,950
1,000 &c 12,000,000
100 10,000,000
1,000 12,000,000
1,000
5,000,000
1,000
5,000,000
N. Y. CENTRAL & HUDSON RIVER RR — (Concluded.)
Also controls Lake Erie & Pittsburgh Ity., completed from Lorain, O .
southeast to Berea, 13 miles, and to be extended to Cleveland and Youngs
town, making about 120 miles In all. V. 83, p. 1037.
In Jan. 1009 was authorized to purchase the 5989,000 Spuyten Duyvel &
Port Morris stock at not over $230 per $100 share. V. 88. p. 375, 823.
In 1909 made a new lease of Geneva Corning & So. V. 88, p. 823, 1128.
In March 1910 the Lake Shore & Michigan Southern acquired the greater
part of the Toledo & Ohio Central stock and all the stock and bonds of the
Zanesville & Western and Jointly with the Chesapeake & Ohio, a majority of
the Kanawha (c Michigan stock. V. 90, p. 771.
Balance, surplus...................... $20,679,512
Amount
Outstanding
5g
4M g
See text
See text
See text
4g
4g
5g
See text
See text
3}4 g
5
6
5
4
2.500,000 4 g & 5 g
110,733,800 8 in 1910
10,000,000 3H & 4
5,000.000
4g
10,000,000
3H
4
15,000,000
M A N Nov 1911-1922
J & J Jan 1 1912-1925
March Mch 1 1910 3%
M * S Sep 1 ’ 10 2H %
M & s Sep 1 '10 2 'A %
A & o Oct 1 1937
\1 & N May 1 1931
M & N May 1 1946
Sec text Jari 31911 5%
See text Jan 3 1911 5%
M & N May 1 2000
C T Jan 31 1911 1 X
J & J Jan 1 1921
F & A Aug 1 1923
M & N May 11923
M
QM
F
A
J
&
M
&
&
&
&
Places Where Interest and
Dividends are Payable
New York & Philadelphia
Checks mailed
U S Mtge & Tr Co. N Y
Grand Cent Station. N Y
Grand Cent Station, N Y
Union Trust Co, N Y
Grand Cent Station, N Y
Grand Cent Station, N Y
S Sept 1 1941
30 Dec 31 1910 *>%
S Mch 1 1947
Lincoln Nat Bank. N Y
A Feb 1 1914
O Apr 1 1954
J July 1 1955
LlncolniNat Bank, N Y
REPORT OF NEW YORK CENTRAL &.
Year ending Dec. 31—
1909.
Miles operated_________________
3,782
Railroad revenues.______________$93,171,860
Oper. Income (after taxes)______ $24,349,498
Other Income................................... $11,392,859
HUDSON RIVER RR
1908.
Inc. or Dec.
3,781
+1
$83,927,354 + $9,244,506
$18,521,084 + $5,828,414
$12,611,996 — $1,219,137
Gross corporate Income______$35,742,357
Rentals of leased lin es............... $9,943,577
9,854,522
Interest on bonds, & c ...............
Hire of equip., incl. l n t ...............
1,508,632
Other rents and miscellaneous..
740,205
Dividends ( 5 % ) . . .......................
8,931,600
$31,133,080
$9,708,045
9,681,540
2,060,139
607,479
8,931,600
+ $4,609,277
+ $235,532
+ 172,982
— 551,507
+ 132.726
Balance, surplus....................... $4,763,820
$144,276 +$4,619,544
President, William C. Brown; Chairman, Chauncey M. Depew; Vice
Presidents; E. V. W. Rosslter, Alfred H. Smith, John Carstensen, Chas.
F. Daly and Ira Place; Treas., E. L. Rosslter; Sec., Dwight W. Pardee.
Directors (April 1910), W. K. Vanderbilt, F. W. Vanderbilt, C. M. Depew,
J. Plerpont Morgan, William Rockefeller, William H, Newman, Marvin
Hughltt, Wm. C. Brown, Geo. F. Baker, George S. Bowdoln, Jas. Stillman.
W. Iv. Vanderbilt Jr. and Lewis Cass Ledyard.— (V. 92, p. 119 , 188.)
X 9i?K CENTRAL LINES.— The N. Y. Central Lines equip.trusta
of 1907 ($30,000,000 total Issue) mature 52,000,000 yearly to Nov. 1922
and the $30,000,000 4 A % “ equipment trust of 1910” $2,000,000 yearly to
Jan. 1925. They will cover engines, passenger cars and freight cars used
by various lines of the system, which Jointly and severally agree to pay
principal and interest, the larger part being for N. Y. Central and Lake
Shore.— (V. 90, p. 977, 1677; V. 91, p. 1447, 1630.)
NEW YORK CHICAQO & ST. LOUIS RR.— (See Map of New York Cen
tral & Hudson River.)— Owns from Buffalo, N. Y ., to Illinois State Line ex
cept 8 m. leased bet. Dunkirk and Sliver Creek, leaving 494 m.; leases the
proprietary line, Chic. & State Line R R ., 111. State line to Grand Crossing
10 m.; also leases Dunkirk to Silver Creek, 8 m.; total, 512 m.; trackage in
Buffalo, N. Y ., 1 H m., and Gr. Cross’g, Chic., 111. (Lake Sh. R R .), 9 m.
STOCK.— Lake Shore & Michigan Southern owns $6,240,000 common
$6,275,000 2d preferred and $2,503,000 1st preferred stock. After 5%.
dividends on the $14,000,000 common stock, all classes of stock share alike.
DIVS. (since 1899)—
’00. ’01. ’02. t o ’ 06. ’07. ’ 08. ’09. 1910.
|Irst preferred ......................... 5
5
5 yearly. 5
5
5
Below.
Second preferred.............................. 2
3 yearly. 4
5
5
Below.
Common-------------------------------- --------------------- None--------------------- Mch 3
In 1910, on 1st and 2d pret., Mch.. 5% (annual); Sept., 2 ^ % ; dlvs. here
after to be paid semi-annually.
BONDS.— Amount sink, fund for first mtge. bonds $100,000 (so long
as
bonds could be bought at or below 102) decreased the amount out
standing from $20,000,000 to $19,155,000. See mtge. abstract V 45 d
541. The $10,000,000 debenture 4s sold for equipment, &c.. wUl’be secured
by any new mtge. Equip, trust 5s, $24,000; 4H s. $20,000
On Feb 8
1910 made 4% 5-year equip, agreement covering equipment costing $673
268. V. 90. p.772. V. 82, p. 693; V. 86, p. 1344, 1590; V. 88, p. 565,1062!
EARNINGS.— 11 mos.,/1910..........Gross, $10,247,076; net, $3,129,823
Jan. 1 to Nov. 30.
11909-------- Gross, 9,117,873; net, 2,987 593
For 3 mos. ending Mch. 31 1910, net, $960,390, agst. $528,125 In 1909other Income, $54,149; charges, $446,942; bal., sur., $567,597.
’
.. REPORT.— Report for 1909 was In V. 90, p 972. Principally a freight
line, freight In 1909 contributing $8,274,163 out of $10,076,207
r.J .ear ending Dec 31—
1909.
1908.
Inc. or Dec.
o ^ l rYHAjCiXenUCS.........- ................. $10,076,206 $9,221,456
+$854,750
n C
...........- ............... $2,995,867
$2,390,837
+$605,030
Other Income------------------------------260,040
92,662
+167,377
Gross corporate Income_________ $3,255,907 $2,483,499
+ $772,408
Interest on bonds________________ $1,175,286
$974,115
+ $201,171
Hire equip., other rents, &c______
377,141
521,475
— 144,334
Dlv. on 1st and 2d pref. (5 % )___
800,000
800,000
DIv. on common stock (3 % )........... ___________
420,000 ___
+42(f.666
Balance surplus... .................
$483,479
$187,008
+$295,571
Pres., Wm. II. Cannlff.— (V. 90, p. 237, 772, 972; V. 91, p 154 )
NEW YORK CONNECTING RR.— V. 90, p. 503.
NEW YORK & GREENWOOD LAKE R Y.— (See Map of Erie RR.) —
Owns from Jersey City, N. J., to Greenwood Lake, 39 m., and branches to
RIngwood. &c., 8 m.: Watchung Ry., Forest Hill to Orange, N. J 4 m total owned, 51 m. Stock, $100,000; par, $50. Leased to Erie RR for 999
years from May 1 1896. Prior lien bonds are guaranteed, prin. and int., by
Erie. See V. 63, p. 513; form of guaranty, V. 65, p. 463.
y
NEW YORK & HARLEM RR.— (See N. Y. Cent <fe Ilud Riv R R )__
O w n s N Y . city to Chatham, N. Y „ 136 m. Also owns 4th A ve!St. RR
ioY A ASJin,r~The ? ro.t er^ <except the street railroad) was leased April 1
1873 for 401 years to the N. Y. Cent. & Hud. Rlv. R R . for Interest on honds
and dividends at rate of 8% yearly, since Increased to 10% through refund
ing of bonds, payable Jan. and July. V. 70, p. 740,1049- V 71 n 29 1
V. 84. p 159 The street railway was leased In July 1896 to Met Street
Ry. Co. for 999 yrs.; rental Is $400,000 yearly, eoual to 4% ner an on
paid Apr and Oct to Oct. 1908. In Apr.
Oct. 1909 and Apr 1 9 $ £ »
disbursements were made, special franchise taxes assessed against the street
railway company amounting to over $800,000 being unpaid, but settledTn
greater part In June 1910; Oct. 1 1910, 1 M %. dividends at sanir rite 5+ h«
paid pending full adjustment of matter. V. 62 p 1088’ V 88* n 74 fl*
V. 90, p. 560, 1614; V. 91, p. 7 1 7 .-(V . 90. p! 560. l ‘614; V. 91, p.’ 7 1 7 .™ '
NEW YORK LACKAWANNA & WESTERN R Y.— Binghamton to Bufm °ls d<Lublereack-JD<1i e l “ wbI|fnch^s- 21*
ot which the main line, 218
L-/ Y WLhas, a lcase for duration of charter from Oct.
1882, gl\ Ing a guaranty of the bonds and 5% yearly on the stock See form
of guaranty of terminal bonds In V. 67, p. 1357; see also V. 68, p*. 283,
aid
RAILROAD COMPANIES
[For abbreviations, ifee., see notes on first page]
Miles Date
Road Bonds
N Y New Hav & H — (Concluded) —
' Debentures not convertible . _______ _____ _____
Debentures 145,000,000 francs ($29,000,000)______
_
62
Housatonlc con M ($3,000,000) g (assumed)--F o'
90
N Eng cons (now 1st) M $7,500,000 5s g gu-.M a.c'
359
N Y & N E Boston Term 1st M $1,500,000. AB.C&
New Haven & Derby consolidated mortgage____c'
15
Providence & Springfield 1st M gold assumed____c'
28
Danbury & Norwalk cons M ($100,000 are 6s)__ c “
36
Gen mtge Danbury, Conn, to Wilson Pt. & c
c*
36
First ref mtge (V 82, p 210) gold assumed--c*&r
36
Harlem Rlv & Port 2d (now 1st) see text__ F.c&r
12
Harlem Rlv & Port 1st M gold $15.000,000-Us.c*&r
12
Naugatuck first mortgage gold assumed______c*&r
61
.
Debentures____________________________________
Boston & N Y Air Line new M $5,000,000(assumed)
NH & North. Northern Extension bonds______ c*
28
Refunding mortgage $10,000,000 guar prln &;int.
Providence Term 1st M $7,500,000 g assumed.c*&r
...
Consolidated Ry debentures-----------------------Boston R R Holding Co pref stock guaranteed___
Providence Sec Co deben $19,910,000 g gu p & I ..*
New Eng Inv & S pf stk 4% cum $10,000,000 redl05
15-year funding gold notes guar prln & lnt...............
Springfield Ry 4% cum pref stk red 105 g u a r______
Conn Ry & Ltg 1st & ref M $15,000,000 g s f-.T a .c*
...
Roxbury Central Wharf first mortgage gold notes..
Bonds of electric roads merged ($5,308,000 are 5s)
Other bds of elec rds leased or contr(See “ ElRySec”
Bonds of steamship, &c, companies controlled____
...
Bonds of Leading Proprietary, &c.. Lines
Holyoke & W M $260,000 authfV 87 p 544) gu.c*
10
Old Colony—See that company.
Providence & Worcester first mortgage currency__
51
New York Ontario & Western—Common stock______
Refunding (first) mtge $20,000,000 gold__ JVle.c’ &r Text
Gen mortgage $12,000,000 gold red 110 (see text) .N
...
1906
1906
1907
1908
1892
1887
1895
1889
1888
1892
1880
1883
1905
1881
1904
1904
1902
1905
1881
1906
1906
1907
1009
_
1901
Par
Value
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1.000
1.000
&C
1,000 &c
1.000
1,000
1,000 &c
155
1.000
100
1891
1892
1905
200,000
4
1,000
1.500.000
4
100 58,113,982 See text
1,000 &c 20 , 000,000
4g
1.000
3.948.000
4g
Total operated July 1910 (106 m. has tour and 784 m. two tracks)__ 2,042
In April 1908 New England RR. was merged. V. 86 , p. 1043, 1225.
The Boston R R . Holding Co. (which s6e), Incorp. in Mass. In June 1909,
June 30 1910 owned $21,701,600 of the Boston & Maine com. and $654,300
Boston & Maine pref. stock, or 51% of the B. & M. stock (Including the
new issue put out In Jan. 1911). The New Haven company has acquired
all the common shares, except Incorporators' shares,of the HoldingCo.,and
guarantees the S27.054.400 4% pref. shares, prln. and divs.. thus having
Indirect control of the B. & M. V. 88 , p. 1621; V. 89, p. 163, 839, 917, 994;
V. 90. p. 1614; V. 91, p. 154; V. 92, p. 119.
_
r ,
In July 1910 was authorized to purchase the Berkshire R R .. New]Havcn
& Northampton and Rhode Island & Massachusetts. V. 91, p. 154,1116.
In Oct. 1904 $29,160,000 of the $58,118,982 N. Y. Ont. & West. com.
stock was acquired at $45 per $100 share and $2,200 of the $4,000 pref.,
giving access to anthracite mines. V. 70, p. 2086, 2642; V. 80, p. 1363.
Owns greater part of stock and Income bonds of Central New England
R y., which sec. Guarantees the $12,317,000 present issue of gen. 4s.
V. 84, p. 1488; V. 85, p. 160, 858; V. 89, p. 594; V. 90, p. 1238. 1295;
V . 91, p. 153; 1254, 1386.
In Nov. 1910 applied for authority to purchase the Boston Revere Beach
& Lynn, or control thereof; also the Milford & Woonsocket and Milford
Franklin & Providence. V. 91, p. 1386.
In Oct. 1906 acquired control of Hartford & New York Trans. Co.,
which absorbed the U. S. Transportation Co. In March 1907 purchased
one-half of the stock of the Merchants' & Miners' Transportation Co.,
which acquired the Boston & Philadelphia S. S. Co. V. 83, p. 890; V. 84,
p. 221, 271, 301, 571, 626, 749; V. 85, p. 858; V. 8 6 . p. 721; V. 88 , p. 1002;
V. 90, p. 1242, 1494.
The Pennsylvania R R . owns $6,000,000 stock, having acquired $5,000,
000 early in 1910. V. 90, p. 1425.
ELECTRIC R A ILW A YS.— May 31 1907 the Consolidated Ry., a con
solidation of various controlled electric railways, chiefly In Connecticut,
aggregating about 770 m. of track purchased the property of the New
England Navigation Co., owning the Fall River and other steamship lines;
Its capital stock, as then Increased from $10,000,000 to $30,000,000, was
exchanged by the N. Y. N. II. & II. R R ., as owner thereof, for Its own
stock. V. 84. p. 1052, 1114, 1242, 1308, 1424; V. 85, p. 859; V. 89, p. 594.
In Dec. 1906 Consol. Ry. leased Conn. Ry. & Ltg. Co., operating 193 miles.
(V. 83, p. 1525; V. 84. p. 508.) The Connecticut properties are now
operated by the Connecticut Co., whose $40,000,000 capital stock Is all
owned by the New Haven R R . V. 91, p. 871.
Also Dec. 1906 acquired control of Rhode Isl. Sec. Co., controlling street
rys. (311 m .), of Providence and viclnltv, $19,898,000 Prov. Sec. 4% debs,
being guar., p. & 1. V. 83. p. 1525; V. 84, p. 1114; V. 85, p. 858. See “ Elec.
Ry. Section,
In July 1909 large block of United Trac. & Elec. Co. of Provi
dence stock (total outst. $8 ,000 ,000 ) was acquired on the basis of 8 shares
for 5 shares of New Haven stock. V. 89, p. 105. In May 1908 the Su
preme Judicial Court of Massachusetts declared Illegal the control of 6
trolley roads, which have been disposed of (V. 86 , p. 1285, 1590; V. 88 , p.
507, 625, 945, 1621; V. 89, p. 163); “ the only Interest not eliminated Is the
endorsement upon the shares of the Springfield Ry. Companies and the New
England Investment & Security Co.” See “ Electric Railway” Section and
V. 89, p.839; V. 91, p. 941. In June 1910 was authorized to acquire stock
In Berkshire (Mass.) Street Ry. V. 90, p. 1554, 1614.
On June 30 1907 there were outstanding bonds of electric roads leased
or controlled, other than of Providence Securities and Conn. R y. & Ltg. Co.,
shown In table above, aggregating $24,729,700, and bonds of steamshlo,
&c., companies controlled aggregating $2,883,000. No details since.
Owns practically all the stock of the N. Y. Westchester <5s Boston, under
construction between 177th St., N. Y. C., and Mt. Vernon, &c., original
controlling Interest being acquired for $11,762,483. V. 85, p. 1143; V. 86 ,
p. 108. 169; V. 87, p. 415, 480, 870; V. 87, p. 1420, 1421: V. 88 , p. 507, 625;
V. 89, p. 1597; V. 90, p. 237, 914; V. 91, p. 337, 1161.
STOCK.— Authorized Issue unlimited. Outstanding Oct. 1909, $100,
000,000, held in treasury of New England Navigation Co., $21,878,100, but
In Dec. 1909 $5,000,000 of the stock was sold.
The stockholders on Oct. 27 1909 authorized the Issue of $50,000,000
new stock In order to provide for $20 ,000,000 maturing debt. Including
$9,200,000 bonds and notes maturing between Jan. 9 and Oct. 1 1910, and
additions and Improvements. Stockholders and convertible debenture
holders subscribed for $44,643,800 of the new stock pro rata at 125, payable
equally Dec. 20 1909, June 30 and Dec. 20 1910 and June 20 1911, or In
full at any time; $34,741,219 received on account to June 30 1910. V. 89,
p. 1142, 1223; V. 90, p. 1045; V. 91, p. 941. The stock is also being In
creased by the conversion of the 3 4*s of 1906. which was actively going on
about $8,500,000 having in Jan. 1911 already been converted.
1895 to Dec '1 0 (Inclusive).
1894.
8 ( 2 % quarterly).
Per c e n t---------------- j 10 yearly.
9
BONDS.— Harlem River <5s Portchester Dlv. 4s of 1904 ($15,000,000
Issued.) arc subject to 4s due June 1911, but cash has been deposited to cover
principal and Interest of latter to maturity. V. 85, p. 1143.
■ • •
Under lease "assumed” debt of Old Colony R R ., which see.
J Jan 1 1956
1 1956
O Apr 11922
15 Jan 15 1948
O Apr 11942
N Nov 11937
J July 1 1945
O Apr 1 1939
N May 1 1918
J July 1 1922
J July 1 1920
O A pr 1 1925
D June 1 1055
D June 1 1911
N May 1 1954
N M ay'l 1954
O Oct 1 1930
A Aug 1 1955
O Apr 11911
D Junel 1956
S Mch 1 1956
N May
Second Nat Bank, N H
Lincoln Nat Bank, N Y
Paris, London, &o
New Haven Savings Bk
Farmers’ L & Tr Co, N Y
Safe Dep & Tr Co, Boston
Coup, office; reg. mailed
New Haven, Conn
Lincoln Nat Bank, N. Y
New Haven, Conn
dc
do
do
do
Chemical Nat Bank, N Y
New York
New Haven, Conn
Treas, New Haven, Conn
Second Nat Bank, N 11
Treas. New Haven, Conn
do
do
Second Nat Bank, N II
M & N May 1 1957
New York & New Haven
J & J Jan 1911 2%
Apr 11924
4
J & J Jan ’ l l , 2%
44* g J & J Jan 1 1951
Trust Co of Amer, N Y
5g
M & S Sept 1 1912
4, 44*. 5 Various 1912 to 1951
4 to 6 Various 1914 to 1932
44*. 5& 6 Various 1912 to 1934
100
1,000
1,000
Last Dividend Places Where Interest and
and Maturity
Dividends are Payable
4g
4
Var
Var
Var
1807
When
Payable
34* J &
4
M &
4
A &
6 g J &J
4g
A &
5g M &
4g &5gJ &
4
A &
5
M &
5g J &
5 &6 J &
5
A &
4g J &
4
J &
4g M &
4g M &
34* A &
4g F &
5
A &
4
J &
M &
4g
$100 &c
500 frs&c
100 &c
NEW YORK & LONG BRANCH RR.— Perth Amboy to Bay Head, N. J..
38 miles. Operated under an agreement made In 1888 for a period of 99
years with Penn. RR. and Cent. RR. of N. J., which Jointly and severally
guarantee Interest and 7% on the $2,000,000 stock, all owned by Central
RR. of N. J. Of the bonds $192,000 are 5s.— (V. 72, p. 438.)
NEW YORK NEW HAVEN & HARTFORD RR .—Covers Southern New
England and the only direct routes between New York and Boston.
Lines Owned in Fee—
Miles.
Leased (part Owned) —
Mites.
Junction near N. Y. City to
Old Colony RR. (which see)__ 619
Springfield, Mass.... ................ -122
Lines Leased —
Boston. Mass., to Hopewell Jet.,
Providence and Worcester____
48
N. Y . . . ........................
214 Norw. & Worcester (which see).
72
Other lines...................
315
Lines to Providence. Pittsfield,
Litchfield, & c ........................-.608 Track to N.Y.Clty,&c.(V.88,p.53) 44
Rate
%
A
& O Apr 11911
Treasurer, N Hav. Conn
A & O Oct 1 1047
R I Hosp & Tr Co, Prov
See text Aug 15 1910 2% Checks mailed
M & s June 1 1992
Office, 56 Beaver St, N Y
do
do
J & D Junel 1955
Outstanding Notes; Also Debentures Assumed as of Jan. 1911 Maturity.
Notes, &.c., Outstanding. Maturity Cons.Ry.fseeV.84 p. 1114) —
4% 1904...$1,255 000 July 1’ 64
5-year 5 % ----- $300,000 Jan. 1T2
4% 1 9 0 5 ... 2,309,000 Jan. 1’ 55
5-year 5 % ----- 6,400,000 Jan. 9'12
3-year 4 4* % . . 2.000,000 May 5’ 11
4% 1 9 0 5 ... 1,340,000 April 1’55
4 H % ............... 22,000,000
1912
4% 1 9 0 6 ... 2,011,000 Jan. 1’ 56
St. Ry. Debentures, &c.. Assumed—
3-3 4*-4% ’ 05 972,000 Feb. 1’30
H a rtfS t.4 % . $165,000 Jan. 1'30 |Farm. St. 5%
30,000 July 1'24
Stockholders of record Dec. 31 1905 subscribed at par, payable In install
ments to April 1 1908, for $29,997,300 of 3 4* % coupon debenture certfs.
convertible at a par of $150 for $100 stock between Jan. 1 1911 and Jan. 1
1916, the proceeds to be used for Improvements authorized and contem
plated and the purchase of outstanding securities of controlled roads. V. 81,
p. 976, 1039, 1493; V. 84, p. 103. 694.
In Feb. 1907 145,000,000 francs ($29,000,000) 4% 15-year debentures
with a fixed rate In marks and £ were sold. V. 84, p. 391, 450, 508, 804,
931. Providence Terminal Co. bonds ($7,500,000 authorized), see V. 82,
p. 929. 629, 693, 1213, 1323; V. 83, p. 96, 819.
Stockholders In Dec. 1907 subscribed Dro rata for $38,765,400 6 %
40-year debens. at par, convertible Into stock after Jan. 15 1923 at par.
The debentures are to be secured by any mtge. hereafter created covering
the main lines between Woodlawn, N. Y. City, and Springfield, Mass., or
New Haven, Conn., and Providence, R. I. V. 85, p. 1270,1339, 1402, 1647
In Jan. 1911 sold $22,000,000 one-year 4 4*% notes, of which about
$12,000,000, It Is stated, may be renewed for 1 y months to March 1912,
remaining $10,000,000 being due Feb. 1 1912. V. 92, p. 188.
E A R N ING S— 5 mos.,J1910........ Gross, $27,332,310; Net, $10,265,226
July 1 to Nov. 30.
(1909____ Gross, 26,131,441; net, 10,419,086
For 3 mos. ending Sept. 30 1910, net, $6,319,242, aaglnst $6,338,282 in
1909; other Inc., $887,558; charges, $4,255,096; b a l„ sur., $2,951,704.
ANNUAL REPORT.— Report for 1909-10 In V. 91. p. 941.
Year ending June 30—
1910.
1909.
1908.
Miles op era te d .....................................
2,042
2,044
2,047
Passenger earnings............. .........
.$29,005,890 $26,323,469 $26,279,301
Freight earnings__________ .
. 30,110,588 26,595,970 25,281,435
Miscellaneous______________________ 1,577,189
1,428,192
1,489,411
Gross earnings........ .......................... $60,693,668 $54,347,631 $53,050,147
Net earnings_____________ _________ $22,004,452 $18,267,324 $14,836,590
Net earnings street railways............... *2,254,278 3,644,315
2,745,758
Net earnings steamship lines.............. 1,308,470
1,214,307
498,674
Net outside operations_____________ 1 6,737,147
4,593,489 (1,212.089
Other Income........................................ /
(3,862,151
Total net In co m e ..._____________ $32,304,347 $27,719,435 $23,155,262
$7,556,045
Interest on bonds, & c . . . .................$10,677,459 $10,424,932
4,581,182
Rentals of leased lines_____________
5,133,717
3,956,294
3,338,306
T a x es.................................. ............. ..
3,446,126
3,983,377
1,784,290
Other rents and guaranteed dividends 1,702,430
1,978,281
628,861
Hire of equipment.......................... .
460,430
Dividends (8 % ) ____________ _____ _ 9,759,081
7,783,262
7,883,842
Miscellaneous___________ _________
10,490
23,143
Balance............ ........................... sur.$1,037,793 df.$453,613df.$2,510,603
* Earnings of Connecticut Co. from July 1 1909 to Feb. 28 1910.
OFFICERS.— Pres., Chas. S. Mellon, New Haven; Sec., Arthur E. Clark.
Treas., Augustus S. May, New Haven. Conn.
Directors.— William Skinner, Holyoke, Mass.; Jas. S. Elton, Waterbury,
Conn.; Chas. S. Mellen, New Haven, Conn.; J. Plerpont Morgan, William
Rockefeller, Geo. F. Baker, George McC. Miller, Lewis Cass Lcdyard.
Charles M. Pratt, New York; D. Newton Barney, Farmington, Conn.
Amory A. Lawrence, Nathaniel Thayer and Alexander Cochrane, Boston;
R. W. Taft, Providence; C. F. Brooker, Ansonla, Conn.: I. Do V. Warner,
Bridgeport; James McCrea, Thos. De W itt Cuylcr, Philadelphia, Pa.;
James S. Hemingway, Geo. J. Brush, Fredk. F. Brewster, A . Heaton
Robertson, Augustus S. May, Arthur E. Clark, New Haven: Edwin Milner,
Moosup, Conn.; Henry K. McHarg, Stamford, Conn.; John L. Billard,
Meriden, Conn.— (V. 91, p. 1026, 1161, 1254, 1328, 1386; V. 92, p .119, 188.)
NEW YORK ONTARIO & WESTERN R Y . -Operates from Wechawkea
opposite N. Y. City, to Oswego, on Lake Ontario;
Road Owned—
Miles.
Miles.
Road Controlled, &c.—
Oswego to Cornwall,N. Y _______ 272 Pecksport, Conn, (leased).
Branch to New Berlin_______
22 Ontario Carb. & S. (leased)
do
to Delhi.........................
17
Cadosla, N. Y .t to Soranton, Pa.
do
to Ellenvllle..................... 8 Rome & Clinton (leased)................*13
Utica Clinton & Bing. (leased)___*31
Total owned.............................. 319 Wharton Valley (owned)............... 7
Trackage (tlU2079)W.Shore RR.;
Ellenvllle & Kingston (leased)-- 27
C’nwall to W’ken (V.61,p.425). 53 Port Jervis Mont. <Ss Summltvllle
* See this company.
(owned and leased)____________ 38
Total operated July 1 1910....................................................................... 546
Extension of CaDOUse branch from Scranton to*a connection’ with the
Lehigh Valley R R .. 4.6 miles, was completed July 1 1910.
CONTROL.—In Oct. 1904 N. Y. N. H. & H. RR. acquired $29,160,000
com. stock at $45 per share and $2,200 of the $4 000 pref. V. 79 d . 2086,
2643: V. 80, p. 1363, 2458; V. 81, p. 1044.
STOCK.— Stock Is $58,117,082 (par, $100), of which $4,000 Is old pref.
DIVIDENDS.— Com., Jan. '05. 3% ; July, 14*%; '06 to '10,2 % each.
BONDS, &c. —Refunding mtge. for $20,000,000 covers 319 miles of road
owned, all the securities of the Ont. Carb. & Scran. Ry.. 54 miles, and all
after-acquired property. V. 72, p. 87; V. 78, p. 2012; V. 80, p. 651.
The stockholders voted on Nov. 7 1904 to authorize a new mtge. for $12,
000,000 to provide funds for capital requirements, under which $3 ,048,000
have been Issued and the remainder will be reserved for future needs. A
3% dlv. out of accumulated surplus to June 30 1904 was paid on the cornstock In Jan. 1905, vesting In the shareholders directly the right to elect all
the directors. V. 79. p. 977 to 980, 1332, 1462; V. 80, p. 872. • • • •
RAILROAD COMPANIES
[For abbreviations, &c., see notes on first page]
Miles Date
Road Bonds
New York Ontario & Western— (Concluded) —
Gold notes sco by 1st M on E H C A I due s-a___ c*
Equip notes due' $36,000 s-a (V 90, p 977)___ Ala
128
New York & Ottawa— First mortgage $2,500,000 g-G
New York Phlla & Norfolk—Stock, to be $3,750,000..
112
First mtge $3,000,000 g (V 68, p 773, 978) ...F P .c *
Income mtge g non-cum rcgls (V 68, p 978)____FP
112
57
New York & Putnam— N Y A North 1st M gold------c
N Y A Put cons $6,200,000 g guar p A l(end) - Un.c*
57
N Y & Rocka way Beach—1st M$1,000.000 g gu.Ce.c*
12
Second mtge income bonds non-cumulatlve___ Ce.r
12
N Y Short Line— 1st M$l,500.000ggup A l._PeP.xc*
0)4
N Y Susa & W est— Midland RR 1st M g ext ’ lO.Ce.c*
72
Paterson Exten RR 1st M ext In 1910 at 5% s f g.c*
1
New York Susquehanna A Western first mortgage. .
First mortgage refunding gold...................... Ce.c*
127
Second M ($1,000,000 gold) 3d M on 72 m _Ce.c*
127
General mortgage for $3,000,000 gold_____Ce.c*
127
Terminal first mtge for $2,000,000 gold------Us.c’ Ar
Allied companies—
Wilkes-B A B’ n 1st M g gu p A 1 (V 60. p 481) .G.c*
65
Passaic A N Y 1st M (999 years rental) ext 1910__
3
Macopln R R first mtge (branch to Macopln Lake) . .
2
N Y Susq A W Coal Co 1st M red at 110 sink fd ..c *
N Y A Wilkes-Barre Coal Co first mortgage______N
New York Texas & Mexico— See Galveston Harrisburg A San
4
Newark & Bloomfield—Stock, 6% rental------- ---------Newport & Cincinnati Bridge—See Louisville A Nash vllle.
Niagara Junction R y —First M $650,000 gold-.M e.c* Text
6
Norfolk & Portsmouth Belt Line— First mortgage.FP
4.6
Eliz Rlv 1st M g gu p A 1s f red 105 beg 1911.(iP.c*
Norfolk A Carolina -S e e Atlantic Coast Line RR.
_
Norfolk Southern—Stock $16,000,000 authorized----223
First mortgage------- ---------------------------------- /Vlp.c*
223
First general mortgage gold redeemable at 115 — 0
_
Suffolk A Carolina first mortgage-------------------------75
Suffolk A Carolina first cons mtge gold red 110...c *
504
504
Collateral gold notes redeemable at par— .........Cc
Norfolk & Western— Common stock $150,000,000..0
—
Par
Value
Rate
%
When
Payable
5g J
$1,000 $2,000,000
1900
A
1,000
684,000
1910
4)4
1,456.000
4g J
1905 1,000 Ac
50 See text 12 In ’ 10 J
2,600,000
4g J
1,000
1899
M
4
1.000
1,000.000
1899
1,200,000
5g A
1,000
1887
4,025,000
4g A
1,000
1894
984,000
5g M
1,000
1887
1,000,000 Up to 5
1.000
1887
1,500,000
4g F
1,000
1907
3,375,000
5g A
500 Ac
1880
200,000
1881
1,000
5g J
5,000
6g J
3,745,000
1887
1.000
5g J
1887
1,000
447.000
4)4 g F
1,000
1890
2,552,000
5g F
M
1893 1,000 Ac
2,000,000
5g
1892
1885
1896
1887
1893
Anton lo
__
189 1
1904
1886
1902
A
A
A
A
A
A
A
A
D Dec '10-Dco ’ 15
O To April 1 1920
J July 1 1955
D Dec 1 1910 6%
J Jan 1 1939
N Jan 1 1939
O Oct 1 1927
O Oct 1 1993
s Sept 1 1927
Sept 1 1927
A Feb 1 1957
O Apr 1 1940
D June 1 1950
J July 1 1911
J Jan 1 1937
A Feb 1 1937
A Aug 1 1940
N May 1 1943
Guaranty Trust Co.N Y
Grand Cent Station. N Y
Checks mailed
26 South 15th St. Phlla
Checks mailed (see text)
Grand Cent Station, N Y
do
do
U S Mtge A Tr Co, N Y
Reading Terminal, Phil
Office, 50 Church St
do
do
do
do
do
do
do
do
do
do
600
5g
5
5
6
6
J
J
J
M
M
A
A
&
A
A
D June 1 1942
I) Dec 1 1940
D Dec 11916
S Mch 1 1912
N Nov 11933
do
do
do
do
V 7 5 ,p 1043;V
50
1,600,000
6
A
A
O Oct 1910 3%
90 West St, New York
1,000
1.000
500 Ac
175,000
250.000
200,000
5g
5
4g
F
K
A
A
A
—
1902
1898
1905
A
A
A
A
&
A
A
&
A
Last Dividend Places Where Interest and
and Maturity
Dividends are Payable
3,000.000
70.000
4 1,000
291,000
450.000
1.000
500
1,000
100
16,000,000 See text
1,000
1 655,000
5g
1,000
825.000
5g
1,000
6
90,000
1,000
650.000
5g
A Aug 1 1922
A Feb 1 1938
A O Oct 1 1935
Q— ? Feb 1 1911 H
M A N May 1 1941
J A J July 1 1954
A A O Apr 1 1911
J A J July 1 1952
J A J Jan 1 1960
1910
1910 10,000 Ac
4,360,000
6 g A A O See text
100 68.975.000 5 In 1910 Q— M Dec 19 ’ 10 m
—
Early In the calendar year 1890 the coal properties at Scranton, Pa., of the
Lack. Iron & Steel Co. (the capacity of the collieries then open being about
700.000 tons per annum) were purchased by the Scranton Coal Co., aided
by loans from the N. Y. O. A VV., the latter Issuing Its 82,500.000 5% notes
(reduced to $150,000 Aug. 1 1910), extending over a period of years,se
cured by first mtge. on the coal property, and loaning $1,475,000 (of which
$305,000 has been repaid) secured by a 2d mtge., the O. A W obtaining con
tract for entire tonnage. V. 68. p. 41.429; V. 69, p. 604. 646; V. 81, p. 1702.
In Nov. 1900 eight Independent anthracite properties with a maximum
output of 2,000,000 tons annually were merged as the Elk Hill Coal A Iron
Co., the N. Y O. A W. Issuing Its $3,500,000 5% s. f. first lien gold notes
secured by the Coal & Iron Co.’s 1st mtge., these notes maturing $75,000
each 6 mos., beginning June 1 ’ 01, to June 1 ’ l l , and thereafter $200,000
semi-annually to Dec. 1 '15. The notes are secured pari passu with the bonds
Issued under the gen. mtge. of 1905. The Elk Hill Co. also made a 2d mtge.
to the N. Y . O. A VV. for $2,400,000 at 5% . V. 71, p. 1270; V. 73, p. 501.
EARNINGS.— For 5 months ending Nov. 30:
5 Months—
Gross.
Net.
Charges. Bal.,Surp.
5 80 2,16 6
1910
.$4,243,232
$1,393,955
$591,789
705,656
1909 I I I I I I I I " . __ 3,812,308
1,184,927
479,271
REPORT.— For 1909-10 In V. 01, p. 652. Coal traffic In 1909 10, 3,443,
130 tons (out of 5,680,781 tons), against 3,472,543 tons In 1908 -09.
1007-08.
Year ending June 30—
1909-10.
1008-09.
Gross earnings........ ........
$8,578,783 $8,290,170 $8,121,404
2,495,751
Net earnings over taxes____________
2,441,100
2,421,588
2,998,018
Total net Income, lncl. "other” ______ 2,844,417
2,849,908
958,531
Interest on funded debt____________
957,020
060,420
165,912
Miscellaneous Interest and discount..
152,056
152,877
352,985
421,644
393,574
Rentals and hire of equipment______
1,162.308
Dividends (2 % )..............
1,162,328
1,162,322
Balance, su rp lu s............................
$150,470
$180,805
$358,282
Pres., Thos. P. Fowler.— (V. 00, p. 977; V. 91, p. 39. 393, 652. 871.)
NEW YORK & OTTAWA RY.—Tupper Lake, N. Y ., to Ottawa, Can.,
128 m. Including Ottawa A N. Y ., whose stock Is owned. Successor to
the N. Y. & Ottawa R R ., acquired by the N. Y. Cent. & Hud. Rlv. R R .
at foreclosure sale on Dec. 22 1904, which leases the road from Feb. 1 1905.
V. 79, p. 2796; V. 80, p. 223; V. 86, p. 286. Stock authorized, $1,250,000.
In June 1905 a mortgage for $2,500,000 was made. V. 80, p. 2458; V. 81.
p. 265. For year ending June 30 1009. gross, $157,881; net, $71; other
Income, $984; charges, $62,404; bal., def., $61,349.— (V. 86, p. 286.)
NEW YORK PHILADELPHIA & NORFOLK R R — In Jan. 1909 all but
$7,250 of the $2,500,000 stock had accepted the oiler of the Pennsylvania
RR. to buy the stock with 4% 40-yr. trust certfs., guar. prln. and Int.
by Penna. R R . on basis of $3,000 certs, for $1,000 stock (V. 90, p. 077).
In 1910 Increase In stock $2,500,000 to $3,750,000 was auth. V. 90, p. 1102
NEW YORK & PUTNAM RR.— Owns 155th St. and 8th Ave., N. Y.
City (terminus Manhattan Elevated), to Brewsters, N. Y ., 54 miles; double
track branch to Yonkers, 3 miles; operates 2 miles; total, 59 miles.
H ISTORY.— Successor to the N. Y. & Northern, sold under foreclosure
of 2d mtge. Dec. 38 '93, and purchased for N. Y. Cent. A Hud. R lv .R R .,
which owns $6,500,000 stock and leases the road.—see V. 63, p . 754, 820,
1159- V. 81, p. 265. N. Y. Central guarantees the consolidated mort
gage bonds, of which $1,000,000 were reserved for Improvements; also
$1,200,000 to retire at maturity the first 5s.— (V. 82, p. 272.)
NEW YORK & ROCKAWAY BEACH RY.— Owns Glendale Jet. to Rockaway Park, 10.67 in., with branch, 1.67 m.; total, 12.34 m.; double-track.
Stock. $1,000,000; par, $100. Leased 50 years from July 1 1904 by Long
Island RR. Co., whose endorsem’ t Is printed on first mtge. bonds. On Jan.l
1909 $101,000 firsts were owned by L. I. R R ., together with $967,000 of
the Incomes. V. 83, p. 890. Cal. year 1909, gross, $971,125; net, $325,
164; charges and taxes, $207,337; bal., sur., $117,827.— (V. 83, p. 890.)
NEW YORK SHORT LINE RR.—Owns a cut-off for the Reading Co.
between Cheltenham and Neshamlny Falls, 0J4 miles, opened May
1906. V. 79, p. 1038. To be 4-tracked— 2 tracks laid at present and on
2 miles 3 tracks. Leased to Phlla. (c Reading Ry. for 099 years from Feb. 1
1007. The $250,000 stock Is owned by Reading Co., which guarantees the
bonds, principal and Interest.— (V. 84, p. 1552: V. 87, p. 1421.)
NEW YORK SUSQUEHANNA & WESTERN RR.— (See Erie Map.)
Owned (in fee) or entire stock, Miles. ISusq. Connecting R R -----------------8
Jersey City to Gravel PL, Pa___ 101 lOther branches------------------- --------- 24
(Double track 10 miles.)
|Leased— Mid. Un. A Water Gap. 14
Beaver Lake, N. J., to UnlonvUle 21 (Trackage---------------------------------- 3
Wllkesbarrc A Eastern-------------- 05 j
—;
Total road operated June 30 1 9 0 9 ..------- ----------------------------------------236
STOCK.— Pref.. $13,000,000: com., $13,000,000, of which the Erie owned
June 30 1910 $25,343,119 com. and pref., of which $6,630,000 com. and
$0,030,000 pref. are deposited under Its Pennsylvania coll, trust mortgage.
Dividends on pref., Nov. 1891 to 1892, 2 ^ % yearly; none since.
BONDS.— General 5s are reserved to retire 2d 4 Hs. See abstract. V. 52,
p. 84 . The seconds are exchangeable for generals on payment of an assessm’t.
Terminal bonds, see Issue of Jan. 1898 and abstract, V. 57. p. 512.
The $3,500,000 Midland R R . 1st 6s were extended 30 years from maturity
April 1 1910 at 5% and $200,000 Paterson Ext. RR. due June 1 1910,40
years at same rate. (See V. 90, p. 373, 914.)
EARNINGS.— 5 mos., f 1910...............Gross, $1,553,088; net. $457,497
July 1 to Nov. 30.
\1909________ Gross, 1,436,179; net, 384,418
REPO RT.— For 1909-10 In V. 91, p. 1156.
Year—
Gross.
Net.
Oth. Inc.
Charges.
Balance.
1909-10 ___ $3,474,360 $1,074,035 $130,038 $1,016,119 sur. $189,752
1908-09 ___ 3.252,745
1,046.272
78,627
t.004,712
sur.120.187
— (V. 89, p. 1069, 1341: V. 90, p. 373, 014, 1364: V. 91, p. 95. 1020, 1156.)
NIAGARA JUNCTION RY.— See page 171.
Amount
Outstanding
do
do
do
do
84. p 342
Mercantile Trust Co. N Y
Fidelity Trust Co, Phlla
Girard Trust Co, Phlla
Metropol. Tr Co, IN V
Guaranty Trust Co, N Y
J S Glttlngs A Co, Balto
International Tr Co. Balt
Central Trust Co, N Y
Central Trust Co, N Y
Office, Philadelphia
NORFOLK & PORTSMOUTH BELT LINE RR .— Owns Port Norfolk to
Berkley, Va.. 5.8 miles, and Southern branch extension. 1.40 m.; operated
under lease 1.85 miles. In Nov. 1909 acquired entire stock of Elizabeth
River R R .. 4.61 miles, whose bonds are guaranteed. V. 90, p. 1044.
Stock, $50,400, all owned by Atlantic Coast Line, Norf. A West., Ches. A
Ohio, N. Y. Phlla. A Norfolk, Seaboard Air Line and Norfolk A Southern.
$100 shares. Bonds, see table. Calendar year 1909 (9 months), gross,
$166,206; net, $66,018; other Income, $10,320; Interest on bonds, $12,500;
taxes, Ac., $3,300; balance, surplus, $60,538.
NORFOLK SOUTHERN RR .— Mileage, &c.— Operates 602.29 miles,
extending from Norfolk, Va., to Raleigh, Goldsboro and Beaufort, N. C.,
with branches. Of this total the company owns 504.12 miles and leases 95
miles (from Goldsboro to Morehead City), and has trackage rights on 3.17
miles; 45.93 miles Is equipped electrically. At Norfolk the company has
connection with steamship lines which furnish practically a dally service to
Washington, Boston, Richmond, Baltimore, Philadelphia and New York.
Trains are operated over the Albemarle Sound trestle, giving rail connection
to all the company’s lines. Owns entire capital stock and bonds of John L.
Roper Lumber Co., owning over 600,000 acres of timber lands and 200,000
acres of timber rights. V. 87, p. 1415. In Nov. 1909 there was purchased
the Kingston A Carolina RR . A Lumber Co., owning line from Kingston
to Pink Hill, N. C., 25 miles.
ORGANIZATION.— Successor May 5 1910 to N. & S. Railway, foreclosed
Dec. 7 1909, per plan V. 87, p. 614, 678.
STOCK AND BONDS.— Under plan In V. 87. p. 614, 678, the new co.
authorized $16,000,000 stock and $12,000,000 “ first & refunding” M. 5s.
The stockholders, however, will vote Jan. 30 1911 on authorizing a new
mortgage to secure an issue of $35,000,000 bonds to replace said $12,000,000
mortgage, no bonds having been Issued under It except as collateral. Of
the new Issue, If authorized, $5,780,000 will probably be Issued In lieu of
the same amount of the present bonds now pledged to secure the company’s
notes, and $3,220,000 reserved to retire a like amount of underlying bonds,
leaving $26,000,000 available for future purposes, of which $10,000,000,
however, will probably be Issuable only upon vote of three-fourths of the
directors and a majority of the stockholders for the acquisition of additional
lines of road. V. 91, p. 1768.
The new bonds are secured by a first mortgage on 233 miles, and,
subject to underlying issues aggregating $3,220,000, on 271 additional
miles, and also by a first Hen on practically the entire rolling stock and
equipment: also by a first Hen on the entire stock ($1,000,000) and first
mortgage bonds ($5,000,000) of the John L. Roper Lumber Co., owning 10
planing, saw and shingle and cedar mills, with an annual capacity of
150,000,000 ft.,board measure; and about 150 miles of standard-gauge
logging road, 300 logging cars. 25 locomotives. Ac. The value of the Roper
Lumber property has been estimated at $12,785,000. Sinking fund for new
5s, beginning 1913, to be at least $100,000.
The $4,360,000 6% one-year coll, gold notes due Oct. 1 1911 are subject
to renewal for one year and redeemable at any time at par. They were
Issued to provide the cost requirements of the new company, Including the
payment of two Issues of receiver’s certfs., aggregating $1,442,865, collateral
trust 6% notes of 1907 andare secured bydeposit of the entire present Issue
of $5,780,000 new 1st and ref. 5s dated Jan. 1 1910. This provides for
company’s needs until new bonds can be marketed. V. 91. p. 1254.
DIVIDENDS.— First dlv., H of 1% , paid Feb. 1 1911. V .92 ,p .ll9 .
EARNINGS.— For year ending June 30 1910, gross, $2,690,479; net
RR. after taxes, $941,025; Lumber Co. net, $235,707; total net, $1,176,732;
Int. and rentals on completion of reorganization, $525,000; bal.. sur.,
$651,732. In 1908-09, gross, $2,417,321: net R R . earns., $752,789; Lum
ber Co. net, $120,526. For 5 mos. end. Nov. 30 1910, gross, R R ., $1,178,
374; total net after taxes, $426,135.
OFFICERS.— Pres., E. T. Lamb, Norfolk: V.-P., Frederick Hoff, 30
Pine St., N. Y .; Sec., Morris S. Hawkins, Norfolk; Asst. Sec., N. W .
Runnlon, 30 Pine St., N. Y.; Trcas., Matthias Manly. Norfolk; General
Counsel, Chadbourne A Shores. 30 Pine St., N. Y. General office, Norfolk,
Va. N. Y. office. 30 Pine St.— (V. 92. p. 119.)
NORFOLK & WESTERN R Y.—See M ap.—System extends from Nor
folk, Va., westward to Columbus and Cincinnati, O.. and northward to
Hagerstown, Md., with branches to the various coal fields In Va. and W. Va.
Miles.
Road owned.
Miles.
Norfolk, Va.. to Columbus, O . . . 704 Roanoke to Winston__________ 121
Radford. Va., to Bristol, T en n .. I l l Sundry branches_______________ 370
4
Roanoke, Va., to Hagerstown.. 238 Columbus terminal____________
38
Graham to Norton.............
100 Trackage ____________________
Nor. Car. Junction to Fries------- 44
Total owned June 30 1910___ 1,951
Lynchburg to Durham, N. C— 115
Portsmouth Jet. to Cincinnati
and Ivorydale........................... 106 Double track__________________ 349
ORGANIZATION.— Successor In 1896 of Norfolk A Western R R .. Ac.,
foreclosed per plan In V. 62, p. 641. In March 1910 Penn. R R . and sub
sidiary companies. It Is understood, owned about 51% of the stock, the
holdings sold In 1906 ($16,000,000) having been re-purchased In 1909
and also additional amounts acquired. V. 83, p. 502; V. 88, p. 1062.
Branches building June 30 1910. V. 91, p. 723.
In July 1909 the Norfolk & Western and Atlantic Coast Line agreed to
build Jointly the Winston-Salem Southbound R R ., extending from WinstonSalem N C , to Wadesboro, 88 miles, opened In Dec. 1910, the two pro
prietary companies Jointly to guarantee an Issue of 1st M. 50-year gold 4s.
V. 89, p. 161, 598; V. 90, p. 238; V. 91, p. 1448.
STOCK.— Provisions of pref. stock were In Issue of April 1897, page 4,
said stock being 4% non-cum. with preference as to assets. In Dec. 1909
sold $1,530,800 com. stock. V. 89. p. 1597. In Oct. 1910 the auth. com.
stock was Increased from $100,000,000 to $150,000,000, to be sold or held In
reserve for convertible bonds as required.
No] stock or bonds to be
sold at present. V. 91, p. 463.
RAILROAD COM PANIES
lFor abbreviations, &c., see notes on first page]
Miles Date
Road Bonds
Norf & VV (Concl)— AdJ pref 4% $23.000.000---------G
4 28
N & W gen (now 1st) M Norfolk to Brls &c g.FP.c*
197
New River Division first mortgage gold------FP.c*
588
Improvement & extension mortgage gold-.FPc*
1 29
Scioto Valley & New Eng 1st M assum gold-.C e.c*
N & VV Ilrst consol mtge $62,500,000 gold.Ale.c*&r* 1 ,6 7 4
Dlv 1st Hen & gen M (text) g red 105 begin 1929..G 1 ,8 9 4
Pocali Joint M $20,000,000 g call 105 s f..G P .c*& r
4
Col Con & Term 1st M gold guar p & 1 (end) --M p.c*
. . .
Convertible bonds $34,000,000 gold red text------- G
New convertible bonds $50,000,000 authorized----Wlnston-Sal So’ bd 1st M$5,000,000g gu.Usxc*&r*
90
Equip trusts gold last Installment------FP .c*
Series A gold due $100,000 In 1912-------FP
do
do
Series 13 gold due $100,000 yearly.......... FP
do
Series C gold guar p & 1 due $200,000 yrly
do
Series D gold due $100,000 y early----------do
Series E gold'due $100,000 y early----------do
Series F to K
g gu $100,000 each seryrly.
do
Series L to O $100,000 each series yearly.
N o r r i s t o w n & A l a i n L C o n — 1st M ggu p & l(en d)..G P
223
N o r t h Carolina —Stock 7% paid from rental-------------86
N o r t h Penn—Stock 8% gu 990 years $6,000,000 auth
56
Old second M (now 1st) (7s extended in 1896) ____ c
86
General mortgage extended In gold In 1903..F
‘
Funding loan bonds $409,000 gold__________
26
N o r t h E a s t Penn— 1st M gold gu P & R (end)-GuP.c*
112
N o r t h e r n (Ala) — First M ($350,000 are prior lien) . K.c
83
N o r t h e r n (N H ) — Stock 6% rental.................................
N o r t h e r n California Ry.— See Southern Pacific RR —
N o r t h e r n Central—-Stock ($27,737,050 auth) (see text)
144
First mortgage State of Maryland loan (V 74, p i 197)
Consol general mortgage of 1874 gold Scries E___ c
144
144
Second gen M Series " A ” & “ li” (A $2,565,000) . FP
1 6 .9
N o r t ' n N e w Brunsw& Scab— 1st M g gu $390,000 auth
N o r t h e r n o f N e w J e r s e y —Stock guar (see V 69, p 81).
Thlrd mortgage (now first) Interest guaranteed__ c
"2 1
Gen mtge $1,000,000 gold lnt guar by lease.-Usm.c*
N o r t h e r n Ohio— 1st M g ($15,000 p m) gu p & l__Ce.c*
167
N o r t h e r n P a c i f i c R y —Stock $250,000,000 authorlzed-
1881
1882
1883
1889
1 89 6
1904
1901
1892
1 90 7
1910
1902
1903
190 3
1 90 5
1 90 5
1 90 5
1 90 6
’ 0 6 - ’ 07
1 90 2
Par
Value
1,000
1,000
5 00
1,000
1,000
1,000
1,000
1 86 6
1873
1 898
1890
1 89 6
—
100
1 88 7
1 90 0
1 895
R a te
%
W h en
P a y a b le
L a s t D iv id e n d
an d M a tu rity
$22,991,700 See text Q — F Feb 17 ’ l l 1%
7,283,000
6 g M. <Sc N May 1 1931
2.000,000
6 g A & O Apr 1 1932
5,000,000
F & A Feb 1 1934
6g
M & N Nov 1 1989
5,000,000
4g
40,400,500
4 g A & O Oct 1 1996
23 000,000
4 g J & J July 1 1944
19.070,000
4 g J & D Dec 1 1941
600.000
5 g J & J Jan 1 1922
22.594.000
4 g J & D June 1 1932
Sec text
See text
4 g J * J July 1 1960
500,000
4 g M & S Sept 1 1911
300,000
4 g rj & J Jan 1 1912 13
400,000
4g
M & S Mch 1 1911- 13
1,000,000
4 g A & () Apr 1 1911- 15
500.000
M & N Nov 1 1911- 15
4g
500,000
4 g J & D Dec 1 1911- 15
2,900.000
4g
Various To Aug 1916
2,700,000
4g
Various To June 1 1917
250,000
M & S Sept 1 1952
4g
4,000,000
7
E & A Feb 1 1911
5,405,550
8
F Nov 25 1910 2%
,
4
1,500,000
M
N May 1 1936
4,500,000
3.3 g j & J Jan 1 1953
407,000
4g
M & N Nov 1 1928
400,000
5 g A & O Apr 1 1920
5
1,650,000
J & J July 1 1928
3,068,400 See text
Q - J Jan 2 1911 1)4
See text See text J & J Jan 14 ’ ll 4%
6
1,500,000
Q J Irredeemable
1,757,000
g A & o Apr 1 1925
5
3.565 000
J & J Jan 1 1926
500
253,500
4 g J & J Jan 1 1940
4
100
1,000,000
0 M Dec 1910 1%
100 & c
654,000
6
J & J July 1 1917
1,000
154,000
4)4 g J & J Jan 1 2000
1,000 2,500,000
A & O Oct 1 1945
5g
100 248.000,000 7 In 1910
Q F Feb 1 1911 1 H
50
1855
1885
’ 7 6 - ’ 82
1 91 0
A m ount
O u tsta n d in g
1,000
1,000
P l a c e s W h e r e I n t e r e s t and
D iv id e n d s a r e P a y a b le
Office, Philadelphia
Mercantile Trust Co, N Y
do
do
do
do
do
do
Metropolitan Tr Co, N Y
Mercantile Trust Co, N Y
United States Tr Co, NY
Fidelity Trust Co, Phlla
do
do
do
do
Commercial Tr Co, Phlla
do
do
do
do
do
do
do
do
Reading Terminal, Phlla
Burlington, N C
Office, 240 S 3d St, Phlla
Reading Terminal, Phlla
Reading Terminal. Phlla
J P Morgan & Co". N Y
1023 Old So Bldg. Boston
Treasurer’s Office, Balto
Annapolis
Treasurer’s Office, Balto
do
do
Bk BrNAm.NY.Mon&Ln
50 Church St, New York
do
do
do
do
Chase National Bank.NY
J P Morgan & Co, N Y
NORFOLK & WESTERN RY. (Concluded).—
& Reading R R . at 8% on stock, and lease assumed In 1896 by Phlla. &
Reading Ry. Current liabilities June 30 1910, $374,239.— (V. 81, p. 668.)
DIVS. 1 ’ 99. ’00. ’01. '02. '03. ’ 04. ’05. '06. ’07. '08. '09. 1910. 1911.
Pref.% 11899 to Feb. 1910, Inch, 4% y ’ly (2% seml-ann.) Below. Feb., 1
NORTH-EAST PENNSYLVANIA RR.—Owns road from Glenslde to
Com % J - .. 2
2H 3
3 3)$ 4M 5
4
4^
5
........... New Hope, Pa., 26 miles. Controlled by Reading Co. Capital stook
Dividends begin In 1910 to be quar. Instead of semi-annual. On pref., $400,000, of which $318,950 owned by Reading Co.; par, $50.
Feb. 1910, 2% (s.-a.); May, Aug. and Nov., 1% each (quar.).
NORTHERN ALABAMA RY.—Sheffield to Parrish. Ala., and branches.
BONDS.—The first consolidated mtge.of 1896 Is limtiea to $62,500,000, 112.50 miles. In April 1899 a majority of stock and bonds purchased by
the balance unissued being reserved to retire the underlying bonds
V. 73, the Southern Ry. V. 68, p. 824, 873. See also V. 69, p. 391.
p. 502; V. 74, p. 151: V. 75. p. 505; V. 77, p. 1785; V. 78, p. 229. They
Stock Is $2,000,000. Under supp. mtge. of 1898 $400,000 of the out
are a 1st mtge. on about 898 miles of railroad; upon Important terminals at standing $1,700,000 1st 5s were made prior Hens. V. 67, p. 1208. In year
Norfolk and Lamberts Point; upon the Ohio River Bridge and the Roanoke ending June 30 1910, gross, $554,366; oper. Income, $142,195; lnt. on bonds,
Machine Works also a consol, mtge. upon 776 miles subject to the un $82,500; rentals, &c., $40,941; bal., sur., $19,054.— (V. 69, p. 28.)
disturbed liens. They were further secured by the equipment. See
NORTHERN (N. H.) RR.— Owns Concord, N. H ., to White River Jet.,
abstract, V. 64, p. 376: V. 72, p. 137, 438. 532, 723, 1080; V. 75, p. 505; Vt.,
70 m.; branch to Bristol, N. H ., 13 m.; total 83 miles. Subsidiary lines.
V. 79. p. 213; V. 81, p. 212.
& Claremont R R .. 71 m.; Peterborough & Hillsborough R R ., 19 m.
The N. & W.-Pocahontas Joint bonds are secured by about 295,000 acres Concord
to Boston & Lowell for 99 years from Jan. 1 1890 was assigned to
of coal lands owned and held by the Pocahontas Coal & Coke Co., whose Lease
Bos.
&
Me.;
was 5% on stock till July 1 1897, and now 6% , payable In
stock Is owned, of which about 50,000 acres have been leased to companies gold. Untilrental
1897 1% extra was paid regularly from contingent fund
whose stock Is all owned by the U. S. Steel Corp. and 39,797 to other con Also In 1894, July
Jan., 5% extra was paid; In 1896, July 2% extra; In 1897, 5%
cerns, the royalties under such leases alone being shortly expected to be suf extra;
In July 1904, )$ % extra.— (V. 65, p. 463; V. 78, p. 2385.)
ficient to almost meet the fixed charges. They are subject to call at 105
NORTHERN CENTRAL RY.— Owns Baltimore, Md., to Sunbury, Pa.,
since 1906 for a sinking fund of 2 H cents per ton mined. V. 73, p. 845,
136
m.;
all double track— branch, 9 m.; leases—Shamokln Valley & Pcttsv.
902; V. 74. p. 41, 380, 1197; V. 75, p. 502. These bonds are the Joint and
several obligations of the Railway Co. and of the Coal & Coke Co., but as R R ., 38m.; Elmira & Williamsport RR ., 73 m.; operates at cost— Elmira
& Lake Ontario R R ., 100 m.; Lykens Vail. R R ., 19 in.; York Hanover &
between the two companies the debt is to be paid by the latter company.
Divisional lsf lien and gen. mtge. 4s of 1904 ($35,000,000) authorized Tor Frederick R R ., 56 in.; York branch Penn. R R ., York, Pa., to Columbia,
future capital requirements are a 1st Hen on extensions and branches not 13 m.; other, 4 m.; total, 448 miles. Uses other tracks, 20 m. V.78,p. 773,
ORGANIZATION.— A consolidation of several roads In 1854. Con
covered by the 1st consol, mtge. aggregating 220 miles, and upon such ex
tensions and branches as may be acquired from the proceeds of the new trolled by the Penn. R R ., which owns a majority of the stock.
bonds and also a lien subject thereto upon the properties covered thereby.
The stockholders on Nov. 2 1910 voted to lease road to Pennsylvania R R .
Of the bonds $23,000,000 have been sold for Improvements and new equip for 999 years from Jan. 1 1911, the holders of the $19,342,550 stock to
ment. V. 78. p. 1549; V. 79. p. 501, 628, 973, 1642, 1704, 2148; V. 80, receive a stock dlv. of 40%, also 10% in cash from treasury assets and a
p. 1175: V. 82, p. 510; V. 83, p. 1471; V. 88, p. 231, 453. The equip, trusts guaranty of 8% on all the stock during the lease. V. 91, p. 154, 337, 464,
(scries L to O. $700,000 each) sold In 1909 mature $100,000 per series yearly 871, 1026. Lease, It Is said, will not become effective until March 1 1911
beginning Dec. 1 1910, and March, April and June 1911. V. 89, p. 919.
unless meantime an authoritative court decision Is obtained holding It Is not
In April 1908 $*7,500,000 2-year notes were sold, secured by deposit of redeemable under Maryland State laws. The lower Federal Court on
$10,000,000 ilrst lien and general 4s, of which $3,147,000 re-purchased to Dec. 30 1910 held that the lease Is not redeemable. V. 91, p. 1768.
Dec. 1 1909 and remainder paid May 1 1910. V. 86, p. 1043, 1101.
SECURITIES OW NED.—On Jan. 1 1910 among the assets held were
The stockholders Oct. 11 1906 authorized an Issue of $34,000,000 con
Lake Ont. stock (all), $1,500,000; Sham. Val. & Pottsv. stock,
vertible bonds. V. 83, p. 380. 435, 575. To provide for double-tracking Elmira & Union
RR. stock, $1,225,000 (the bal. of $875,000 being held by
and new equipment $14,576,000 were sold early In 1907 and In 1910 $10, $619,650;
Wllm. & Balto.), &c. Also the following, mostly acquired In 1000;
993,000 were subscribed for by stockholders or sold. These bonds are Phlla.
convertible into common stock, $ for $, prior to June 1 1917, and thereafter Balt. & Ohio pref. stock, $1,000,000 and com., $1,048,700; Norf. & West,
$500,000, and com., $1,000,000; Erie & W. Transp.Co.stock, $500,000.
subject to call at 105 and Interest. To Jan. 1911 $2,975,000 bonds had pref.
STOCK.— Penn. RR. on Jan. 1 1910 owned $10,577,200 of $19,342,550
been converted. V. 83. p. 1412, 1471; V. 84, p. 1248; V. 85, p. 469; V. 86,
outstanding stock. The auth. Issue was Increased In Nov. 1910 from
p. 109, 286; V. 90, p. 772, 1425.
The stockholders on Oct. 13 1910 authorized an Issue of $50,000,000 $20,000,000 to $27,737,050, to provide 40% stock dlv. ($7,737,050) under
lease. V. 91, p. 1630.
convertible bonds, none to be sold at present. V. 91, p. 463.
DIVS. 1888 '89 ’90 ’ 91 ’ 92 ’ 93 1894 to 1900
1901 to Jan. 1911
GENERAL FINANCES.— Of the traffic In 1909-10 66% (16,955,530 Per cent. 7
8 8
7
8
9
7 yearly
*8 yearlv (J&J)
tons) was bituminous coal and coke: average rate per ton per mile, 0.447
•Also Jan. 1907 12)$% paid In stock ($2,149,169). V. 83, p. 471.
cents; train-load, 635 tons. In Dec. 1909 dividend rate was increased to 5%.
EARNINGS.—
11
m
os.,/1910..........
Gross,
$11,764,308;
net, $2,012,539
In 1910 $10,993,000 convertible 4s were subscribed for by stockholders at
Jan. 1 to Nov. 30.
)1909.......... Gross, 11,230,408: net, 2,500,039
par or sold. See BONDS above.
ANNUAL
REPORT.—
Fiscal
year
ends
Dec.
31.
President's
reportfor
EARNINGS.— For 5 months ending Nov. 30:
given at length In V. 90. p. 556, 565, showed the following:
5 Months—
Gross.
Net.
Int.,Taxes,&c. Bal.,Sur. 1909,
Year
ending
Dec.
31—
1909.
1908.
1907.
1906.
1910................................ $15,559,089 $5,859,600 $2,509,283 $3,350,317
467
468
460
462
Miles of road__________
1909
...................... 14,543,358 6,117.105
2,326,189 3,790.916
Gross earnings_________ $12,264,770 $11,264,986 $13,237,498 $11,632,633
REPORT.— Report for 1909-10 In V. 91, p. 712, 722 (see edit., p. 685); Net earns, (over taxes). 2,326,433
2,228,920
2,358,865 2,385,341
Year ending June 30—
1909-10.
1908-09.
1907-08.
Other receipts_________ 1,374,677
1,247,049
1,247,425 1,151,602
Miles June 30........................................
1.951
1,941
1,920
Total net Income___ $3,701,110 $3,175,969 $3,606,290 $3,536,943
Passenger earnings.............
$3,924,890
$3,642,837 $3,977,482 Rentals,
&c ....................
$456,408
$482,573
$408,759
$436,516
Freight earnings.....................
30,037,796
24,710,591 23,990,630 Interest on
&c___
354,668
354,682
519,440
384,639
1,101,184
973,673..... 994,105 Dividends, debt,
Mail, express. &c.................
8 % ________ 1,547,400
1,547,400
1.547,214 .1,375.468
Total gross earnings..................... ..$35,063,870 $29,327,101 $28,962,217 Miscellaneous_________
346,419
338,497
110,280
10,226
Operating expenses......................... 21,016,759
17,729,756 18,764,714 Extraordinary ..............
800,000
600,000
500,000 1,100,582
Total net earnings............................ $14,017,111 $11,597,345 $10,197,503
Balance, surplus_____
$196,215
$ 152,8 1 7 . $527,597
$229,510
Total net income...................................$15,163,317 $12,578,458 $11,118,467 — (V. 91, p. 154, 337, 464, 871, 1026, 1161, 1254, 1512, 1630, 1768.)
Interest on bonds, &c_______________ 4,781,240
4,743,233 4,290,180
NORTHERN NEW BRUNSWICK & SEABOARD RY.— Extends from
T a x e s..................................................... 1,118,964
1 ,008,800
1,020,800 Iron
of Canada Iron Corporation, Ltd., near Bathurst, New Bruns
138,000
150,000
192,000 wick,mines
Def. In lnt. P. C. & C. bonds...............
Canada, to Nlplslqult June , on the Intercolonial. Total mileage
DIvs. on pref. (4 % ).............................
919,668
919,668
919,656 proposed,
26 miles. Bonds auth., $390,000 at $15,000 per mile, guar, by
Dividends on com m on......................(5)3,294,843 (4)2,578,768(4)4)2901114
R e n t s ............................
122,238
152,817
87,371 Province of New Brunswick and Canada Iron Corporation.— (V. 00, p. 1491)
NORTHERN RR. OF NEW JERSEY.—Owns from Bergen, N. J., to
B etterm ents...... ...........
3,573,598
1,730,580
1,360,000
Sparklll, N. Y ., 21 m.; leases Sparklll to Nyack, 5 m. Leased to the Erie
Advances to subsld. cos., &c________
97,710 _
8,175
------RR.
from June 1 1899 for the term of Its corporate existence, for Interest
Balance, surplus............................... $1,117,056 $1,286,417
$347,346 on bonds,
4% on $1,000,000 stock, payable quarterly, taxes, and all cor
OFFICERS.— Pres., L. E. Johnson; Chairman of Board .Henry Fink, 27 porate expenses. Of the $1,000,000 new 4)4% ken. mtge. bonds, guaran
William St., N. Y.; V.-P., VVm. G. Macdowell: Sec., E. H. Alden: Treas.. teed by the Erie, $654,000 are reserved to retire the 6s due July 1 1917 and
Jos. B. Lacy General office. Roanoke,Va., Philadelphia office. Arcade Bldg. the remainder for Improvements and betterments or equlpm’ t for operation
Directors.— Henry Fink, Victor Morawetz, New York; L. E. Johnson, by electricity of the leased properties. See V. 69, p. 81.— (V. 71, p. 30.)
Roanoke, Va.: Samuel Rea, W. G. Macdowell. Joseph I. Doran, John P.
NORTHERN RY. COSTA RICA.— See V. 71. p. 1067, and United Fruit
Green and J. B. Thayer, Philadelphia; Joseph Wood, Henry C. Frick. Pitts Co.; V. 78, p. 288; V. 80, p. 223; V. 81. p. 614; V. 89, p. 470; V. 01. p. 464.)
burgh; Walter H. Taylor, Norfolk, Va.— (V. 91. p. 655, 712, 722. 1026.)
NORTHERN OHIO RAILWAY.— (See Map Lake Erie «fc Western.) —
NORRISTOWN & AIA1N LINE CONNECTING RR .— Owns double-track Owns Akron to Delphos, O., 165 miles; branches. 2 miles. Leased In per
road .65 mile long .Incl. bridge over Schuyktll River at Norristown, Pa. petuity to L. E. & W .. which guarantees the bonds. V. 62, p. 826.
Leased to Phlla. & Read. Ry. at 4% on stock and lnt. on bonds. Reading
STOCK.—Common stock (all owned b / L. E. & W .), $3,680,000; pre
Co. owns the $50,000 stock and guarantees the bonds.— V. 75, p. 1148.)
ferred non-cumulatlve 5% stock, $650,000: par of each. $100.
BONDS.—The first mortgage Is for $4,000,000: of which $1,500,000 un
NORTH CAROLINA RR.— Owns from Goldsboro to Charlotte, N. C.,
221.65 m.; Carotelgh Jet.. N. C., to Carolelgh Mills. 1.90 m.; total, 223.55 issued are limited to $15,000 per mile of completed road hereafter con
miles. Leased from Jan. 1 1896 to the Southern Rv. for 99 years at structed or purchased. Operated as part of L. E. & W. V. 66, p. 337.
$266,000 (6)4% on stock) per year till Dec. 31 1901 and $286,000 (equal to
NORTHERN PACIFIC RAILW AY.— (See M aps.)— Operates one of the
7% on stock) balance of lease; also taxes. V. 63, p. 361. State of North leading lines to the Pacltlc, having Its eastern terminal at St. Paul, Minn.,
Carolina holds $3,000,000 stock.— (V. 66, p. 665‘ V. 89, p 163.)
and Duluth, Minn, (the head of Lake navigation), and running thence west
NORTH PENNSYLVANIA RR.— Owns from Philadelphia. Pa., to Beth erly, traversing the great wheat belt of Minnesota and North Dakota, the
lehem, Pa., 55.60 m.; Delaware River branch, 20.60 in.; Doylestown branch mining district of Montana and the farming country of Washington to
10.30m.; total, 86.50 m. Leased for 990 years from May 1 1879 to Phlla. Tacoma and Seattle, and to Portland, Ore., with branches.
J a n . 1911.J,
RAILWAY STOCKS AND BONDS
a
RAILROAD COMPANIES
[For abbreviations, A c., see notes on first pageJ
Miles Date
Road Bonds
Northern Pacific (Concluded) —
182
l i t Paul & N P gen M land grant assumed.-Cc c* Ar
182
do
ao
registered___________________
163
Wash A Columbia River 1st M gold assumed--F c*
New mortgages of Northern Paclllc Railway—
Prior lien M 5130,000,000 gold land gr..M e.c*A r See z
General lien M 5100,000,000 gold land g r .-F c* Ar See z
226
St Paul-Duluth Dlv pur money M 520,000,000-G.c*
__
C B A Q co lltrM g (redslncejan ’ 06 at 105) . S.c*Ar*
...
do
do
registered----------------------- r*
Bonds Underlying St Paul A Duldth Div Mortgage
167
St Paul & Duluth first mortgage assumed-----------c*
167
Second mortgage assumed________________ Cc c*
21
Taylor’s F A L Sup 1st M s I not drawn------Ce.c*
25
Duluth S L 1st M p A I sink fd not drawn..Ce.c*
238
Consol mtge assumed 55,000.000 gold------ Alp.c*
...
Northern Pac Term Co— First M gold red at 110..F.C*
Northern Railway (Cal)— See Southern Pacific R R .
Northern Securities—-Stock 53.954,000---------------- - -
__
Northwestern Coal Ry— First M guar (end) gold.F.c*
399
Northwestern Pacific— Stock (535,000,000)------------- F
40
Cal Northw 1st M g guar by St F A Nor Pac sink fd .
165
San Francisco A Nor Pacific 1st M gold s f.M e .c’ &r
90.5
North Pacific Coast general mtge (now first) g o ld -.c
__
Eel River & Eureka first mortgage-----------------------__
1st Arcf M 535,000,000 g red 110 aft 10 yrs. F.xc* & r
66
Northwestern RR of South Car— First M 5375,000 —
__
Northw Term Ry— 1st M gold guar p A 1 red.-.M e.c*
72
Norwich & Worcester— Preferred stock 8% ren tal__
__
Bonds (not mtge) Int guar under lease currency.cAr
Norwood & St L— 1st M 5300.000 g red 110 In 10 yrsTa
7A
Ocean Shore Ry.— First mtge 55,000,000 gold______ S3 - - o Berlin at 4.20 marks per dollar
Par
Value
Amount
Outstanding
1883
1883
1895
$1,000 157,887,000 /
1,000 s
l
1,000
2,620,000
1896
1896
1900
1901
1901
500 Ac 107.028,500
500 Ac 60,000,000
1,000
8,080,000
l.OOOAcl 107,613,500 1
l.OOO&cJ
1
1881
1887
1884
1886
1898
1883
1,000
1,000
1,000
1,000
1,000
1,000
1,000,000
2,000,000
210,000
500,000
1,000.000
3,303.000
Rate
%
6g
6g
4g
4
3
4
4
4
g
g
g
g
g
5
5
6
5
4g
6g
When
Payable
F
J
J
J
Last Dividend Places Where Interest and
and Maturity
Dividends are Payable
A A Feb 1 1923
Q— F Feb 1 1923
A J July 1 1935
J P Morgan & Co, N Y
do
do
Office 34 Nassau St, N Y
Q—J
Q—F
A D
A J
Q -J
1 1997
1 2047
1 1996
1 1921
1 1921
J P Morgan, N Y; A Ber d
do
do
do
do
do
do
do
do
A A Aug 1 1931
A O Oct 1 1917
A J Jan 1 1914
A S Sept 1 1916
A D June 1 1968
A J Jan 1 1933
J P Morgan A Co, N Y
do
do
do
do
do
do
do
do
Winslow,LanlerACo.N Y
F
A
J
M
J
J
Jan
Jan
Dec
July
July
100 3,954,000 See text
Jan 10 ’ l l , 4% Checks mailed
1893
1,000
794,000
5g
M A N May 1 1923
Farmers’ L & Tr Co, N Y
___
100 35,000,000
5
1898
1,000
968,000
5g
A A O Apr 1 1928
.San Francisco A New Yk
1889
1,000
3,765,000
5 g J A J Jan 1 1919
New York and Frankfort
1892
1,000
1,498,000
5 g J A J Jan 1 1912
Co’s office, San Francisco
1894
1,000
313,000
5
A A O Oct 1 1914
Eureka
1907 1,000 Ac
5,956,000
4M g M A S Mch 1 1957
New York
1899
1,000
285,000
4
A A O Apr 1 1949
Safe
Dep A Tr Co, Balt
1906
1,000
2,025,000
5 g J A J July 1 1926
Merc Tr Co, N Y & Denv
____
100 3,000.000
8
Q—J Jan 2 1911 2% Mech Nat Bk, Worcester
1897
1,000
1,200,000
4
M A S Mch 1 1927
Company’s office Boston
1902
500 Ac
100.000
5g
A A O Apr 1 1932
City Nat Bk, Watert.N Y
1905
See text
5 g M A N Nov 1 1935
May 1909 coup last paid
z 5.130 miles. In cludln g 40 m lies not o perated; sp urs, 261 miles. •
Main line.
Miles. | Leased to others.
Miles.
Ashland, Wls. to Portland,
|To other companies___________
44
Ore. (Incl. 5 m. terminals). .2,171 |To Province o f Manitoba........... 355
Bralnerd and Staples to St.
|Not operated................ ......'____
22
P a u l..................................... 181 |
-------Other lines................................... 486 | Total (Inc. 48 m. trackage)..6,234
_
. ..
--------1 Controlled properties—
Total main line...................... 2,838 |Mlnn. A Intern. (V. 77, p. 451). 175
Various branches...................... 2,976 |Other companies..........................
75
Steele, George W. Perkins. William P. Clough, James N. Hill, Amos Tuck
French, Alex. S. Cochran, Wm. S. Tod, Payne Whitney and Grant B.Schley.
OFFICERS.— Pres., Howard Elliott, St. Paul, Minn.; V.-P., James N.
Hill; Sec.. George H. Earl, New York; Treas., C. A. Clark. St. Paul,
New York office, 34 Nassau St.— (V. 91, p. 39, 943, 1153, 1175.)
NORTHERN
P A C IF IC
T E R M IN A L
COM PANY.
OF
O R E G O N .— O w ns
terminals on the Willamette River, Ore., at Portland, East Portland and
Albina, comprising 270 acres land. 41 m. track, dock frontage 7.904 feet.
LEASE.— Leased for 50 years from Jan. 1 1883 Jointly and severally to
Oregon Ry. & Navigation and Oregon A California, with
Total, lncl. 5 m. trackage
|Total system June 30 1910____ 6,484 Northern Pacific,
rental to pay Interest, sinking fund and taxes; leases assumed
(operated directly)............ 5,814|Second track................................ 504 guaranteed
In 1899 by new Nor. Pac. and Oregon RR. A Nav. V. 69, p. 230.
The Manitoba branches, aggregating 354 m., were leased for 999 years
STOCK.— Stock ($3,000,000) owned by said three companies (40% by
from May 31 1001 to the Provincial Government and sub-let by the latter to Oregon Ry. A Nav. Co., 40% by Nor. Pac. and 20% by Oregon A Cal.
the Canadian Northern Ry. at a rental of 5210,000 annually for the first 10 R R .), and held by Central Trust Co. of New York, to be delivered after
years, then 5225,000 for 10 years, then 5275,000 for 10 years and thereafter payments to the sinking fund, which Is to cancel the bonds.
5300,000, with option of purchase any time for 57,000.000. V. 73, p. 610.
BONDS.— The first mtge. Is for $5,000,000; In Feb. 1911 $4,275,000 had
Spokane Portland A Seattle Ry., joint line with Great Nor., extending been Issued, of which $907,000 retired by sink, fund—drawings at 110 and
from Portland to Spokane, Wash., with branches; total, 414 miles; was interest.— (V. 89, p. 163; V. 90, p. 237; V. 91, p. 154; V. 92, p. 119.)
completed May 1909; sec V. 81, p. 1101; V. 83, p. l i l t ; V. 86, p. 1530.
NORTHERN SECURITIES CO.— In 1904 the U. S. Supreme Court de
In 1910 acquired stocks of Oregon Electric Ry. and United Rys. of Portland. clared
the company to be a combination In violation of the Anti-Trust Act
V. 91. p. 1178.
and
therefore Illegal. V. 76. p. 811, 919, 1249; V. 78. p. 1168.
In Sept. 1910 608 miles were under construction, of which 158 completed
The stockholders voted on April 21 1904 to reduce the stock from $395,
Oct. 1910. In May 1909 arranged for Joint use of Co.’s line between South 400,000
to $3,954,000, the par value of shares to remain $100, representing
Tacoma and Vancouver, Wash., 135 miles, with Great Northern and Union the remaining
assets In the treasury, pending completion of dissolution.
Pacific. V. 88, p. 1373.
V. 78, p. 1223, 1275, 1392. Report for cal. year 1910 was In V. 92, p. 115.
HISTORY.— This Wisconsin company on Sept. 1 1896 succeeded to the
DIVIDENDS.— On stock as reduced 5% yearly 1906 to 1908: 1909,
railroads, land grant and other property of the Northern Pacific R R . Jan., 4% ; 1910, Jan., 2>4%; 1911, Jan., 4% .
foreclosed In July 1896 and reorganized per plan In V. 62, p. 550.
OFFICERS.— Pres., James J. Hill: Sec. and Treas., E. T. Nichols: Gen.
The original Northern Pacific Company was chartered by Congress July 2 Counsel, W. P. Clough. Office, 26 Liberty St., N. Y.— (V. 92, p. 115.)
1864; 450 miles to Bismarck were foreclosed In 1875.
NORTHWESTERN COAL RY.— See page 171.
STOCK.— Tfie 575,000.000 preferred stock was paid off at par on Jan. 1
N O R T H W E S T . — See Chicago A North Western.
1902, the common being Increased from 580,000,000 to 5155,000.000.
Stockholders In Jan. 1907 subscribed for 593,000,000 new stock at par,
N O R T H W E S T E R N P A C I F I C R R . — (See Map Atch. Top. A S. F .)—•
paid In Installments to Jan. 1909. V. 83, p. 1471, 1524; V. 84. p. 221. Operates a system extending from Point Tiburon and Sauselito, Cal.,
(whence
ferry to San Francisco, 6
miles), northerly to Eureka, with
DIVIDENDS—
V ’02. ’ 03. *04. '05. ’ 06. ’07. ’ 08. ’09. '10. 1911.
branches, 399 miles In all. Incorp. Jan. 8 1907 in the interest of South. Pac.
O n com m o n ______(%)J 5H 7 «
7
7
7 *7
7
7 F e b .,lM
• Also Dec. 1908 1 1,26 %from sur, of N. W. Impt Co. V. 87, p. 1238. and Atch. Top. & S. Fe, which each owns $17,500,000 stock, and took over
by consolidation the Cal. A No. W ., the San Fran. A No. Pac., North Shore
BONDS.— Abstracts of the new Prior Lien and General Lien mortgages R
R ., San Fran. A Northwestern, Eureka A Klamath River and Fort Bragg
of 1896 were In V. 63, p. 1012-1019. 1072.
&
Southeastern. A connecting line of over 100 miles to be built from
Prior lien 4% s purchasable with land sales at not exceeding.
Wtlllts to Pcppcrwood, 30 m., Is to be completed In 1911.
110 (but not subject to call), not over 5500,000 cash yearly.
BONDS.—
San Fran. A North. Pac. 5s Issued at 525,000 pc mile; s. f.,
to be so applied. Total Issue------------------------------------------y’ ly; bonds drawn at 110 and Int. (mtge. abstract V. 49, p. 241.)
Issued (of which 55,617,100 In treasury June 30 1910)--------- 107,028,500 525,000
As
to
old
North
Shore 5s dated 1902, see V. 80, p. 1913; V. 74'. p. 1252.
Issued, but purchased and canceled--------------------------------—
Of the first and refunding 4J^s of 1907 ($35,000,000 auth.), $5,956,000
Reserved to retire St. Paul A N. P. and West. R R . bon ds..
8,350,000 was
outstanding June 1910, all owned by Southern Pacific; the mortgage,
For new construction, betterments, equipment, Ac., under
reserved 56,676,000, to retire a like amount of underlying bonds, 55,
carefully guarded provisions, but not exceeding 51.500,000
for Improvements and equipment and $13 324.000 for branches
per annum. Originally 525,000,000—still held---------------8,500,000 000,000
extensions. Including one from Shively to Wlllets and from WendOf the 5190.000,000 general lien bonds, 5130,000.000 are reserved to or
ling
to
a
connection with the line from Uklah to Tiburon and Sauselito.
retire the prior lien bonds at maturity.
.
84, p. 221, 694; V. 85, p. 222.
The St. Paul A Duluth Division mortgage secures 520,000,000 purchase V. EARNINGS.—
5 m os.,fl910.............. Gross, $1,649,530; net, $582,816
money bonds on the former St. Paul A Duluth, of which 59,215,000 were
j 1909_______ Gross, 1,533,707; net, 564,654
• July 1 to Nov. 30.
Issued to acquire the road, 55,283,000 are reserved to retire existing St. P.
Year ending June 30 1910, gross, $3,167,806; net, after taxes,, $846,169;
A D. bonds and the balance for Improvements to the property. V. 70, p. other
Income, $141,381; charges, $651,004; bal., sur., $336,546.
1250: V. 71, p. 1167. The lands Included In the grant of the former St.Paul
NORTHWESTERN RR. OF SOUTH CAROLINA.— (See Map Atlantic
A Duluth are estimated to be worth about 54,000,000, and were not cov
ered by the old mtges. They are to be sold and proceeds applied to pur Coast Line.)— Wilson Mill, S. C., via Sumter to Camden, 62.5 miles; branch,
chase of the bonds at not over 105 and Interest, or, If not purchasable at Millard to St. Paul, 3.5 m.; trackage, 5 m.; total, 71 miles. Stock, $100,000.
that price, then to betterments. Improvements or additions to the mort Dividend, 6% paid yearly Dec. 1900 to 1902: 1903 to 1905, 6% : 1907 and
gaged premises or equipment therefor. To July 1910 52,339,000 had 1909, 4%; 1910, 5% . Year ending June 30 1910, gross, $118,072; net
Income, $56,038; Int., rentals, Ac., $17,582; dividends (4% ), $5,000;
been thus purchased and canceled. V. 71, p. 1167; V. 72, p. 339.
bal., sur., $33,456.
LAND GRANT.—The land grant was 12,800 acres to the mile In the
TERMINAL RY. — Owns terminals covering 36 acres
States of Minnesota and Oregon and 25,600 acres per mile In the (then) at NORTHWESTERN
Denver and 54 acres of right of way In that city, and 40 acres of freight
Intermediate territories. Unsold on June 30 1910, 9,949,985 acres, viz,
terminals
at
Utah
Junction,
3 miles north of Denver. Leased for 99 years
28,3321I d a h o ................................... 417,275 for Interest, taxes and maintenance
Minnesota...........................
to Denver Northwestern A Pacific,
North Dakota------------------2.1161Washington_____________ 2,227,354
owns the $3,000,000 stock and guarantees bonds, prln. and Int.
39,506 Oregon ................................. 318,515 which
W y o m in g ............................
Bonds
($3,000,000
auth.
Issue)
are
redeemable
from July l 1911 to July 1
Montana . . . ----------------- 6,876,967)
1916 at 105 and Int.: thereafter at 102 'A V. 89, p. 994; V. 90, p. 503
Sales In 1909-10 539,127 acres. Net cash receipts, 52,135,666.
Denver Laramie & N. W . also uses facilities.— (V. 90, p. 503.)
FINANCES.— In 1904 Nor. Pac. and Gt. Northern had acquired $107,
NORWICH & WORCESTER RR.— Owns from Norwich, Conn., to Wor
612,600 of the 5110,839,100 stock of Chic. Burl. & Quincy R R . In exchange
Mass., 59 miles; branch, Norwich to Groton, 13 m.; total, 72 miles.
for their Joint 20-year 4% gold bonds secured by the deposit of the stock In cester,
Leased to New England R R . for 99 years from Feb. 1 1869, and accepted by
trust, on the basis of 5200 In bonds for each 5100 stock. See circular, N.
Y. N. H. & II. In 1898; rental 8% on pref. stock.— V. 70. p. 125.
V. 72, p. 871, 1034, 1135; V. 73. p. 294, 610; V 85, p. 601.
N O R W O O D & S T . L A W R E N C E R R . — Norwood to Waddlngton, N. Y .,
• EARNINGS.— 5 m os.,/1910........ Gross, 531,464,703; net, 513,483,506
20 miles, Incl. extension, 13 m., opened July 1909. Stock $100,000; par
• • July 1 to Nov. 30. \1909........ Gross, 35,681,803; net, 16,285,530 of
shares, $100. Bonds are subject to call at 110 after Aorll 1 1912. Year
REPORT.— For 1909-10 In V. 91, p. 943, and 1153, 1175; edit., p. 1131. ending June 30 1910, gross, $92,411; net, $42,854; other Income, $6,703;
P* Years ending June 30—
1909-10.
1908-09.
1007-08.
int. and rentals, $14,082; bal., sur., $35,475. Pres., Chas, II. Remington;
Average miles_____________________
5,765
5,671
5,633 M. D. Bennett, Supt.; C. C. Barnes, Aud., Norfolk, N. Y .; C. It. Reming
Freight earnings___________________ 548,758,736 547,073,305 546,423,836 ton, Treas., Watertown, N. Y .— (V. 74, p. 1090.)
Passenger earnings_________________ 21,333,313 17,330,608 18,133,238
O C E A N S H O R E R Y . , C A L I F O R N I A . — Owns partly constructed road,
Other revenue from transportation.. 3,671,817
3,416,102
3,065,076 double-track,
to extend from San Francisco, Cal., to Santa Cruz, 80 miles,
Revenue other than transportation..
761,060
640,732 ___ 598,.>26 of which 38 miles south from San Francisco and 15 A north from Santa Cruz
JHTotal operating revenue_________ 574,525,826 568,460,747 $68,220,677 is completed, leaving gap of 26 H miles. Sold at auction Jan. 17 1911 for
Operating Income (overtaxes)______ 525,518,896 528,322,267 $26,303,433 $1,035,000 by mortgage trustee, Mercantile Trust Co. of San Francisco, to
Other Income_____________
,3,956,305
3,697,638
4,114,143 bondholders' committee (sec below). V. 90, p. 1677- V. 91, p. 519 871.
..$29,475,201 $32,019,905 $30,417,577 On Dec. 7 1909 Fred’k S. Stratton was appointed receiver. V. 90, p. 1543.
Gross Income___
REORGANIZATION PLAN.— The plan Issued In Oot. 1910 by the
$318,718
5337,136
Rentals paid______________________
$509,928
7,098,908 bondholders’ committee, Charles C. Moore, Chairman (V. 91, p. 1255),
6,775,003
Interest on funded debt.....................
6,669,014
3,268,416
3,106,883 provides for the Issuance by a new company after foreclosure of $3,500,000
Int. A comm, on new stock subscrip.
--------Dividends on stock (7 % )................... 17,360,000 14,105,000 10,850,000 1st M. bonds. $5,500,000 2d M. 5% bonds, $500,000 5% non-cuin. pref.
2,784,950 and $8,500,000 common stock. Present 55,000,000 lsts will receive new
Insurance fund--------------------------------------2ds equal to par and Int. and a bonus In new common stock. Of tho new
Net surplus for year_____________ $4,936,259
$7,534,350 $6,258,118 lsts about 5200,000, with the pref. stock as far as necessary, may bo used
DIRECTORS.— Arthur C. James, George F. Baker, William Sloane, to pay or secure the pref. debt, remaining bonds for completion and equip
J. Plerpont Morgan Jr., Lewis Cass Ledyard, Howard Elliott, Charles ment of the road. Union Trust Co. of San Fran. Is depositary.
RA ILROA D COM PA NIPS
[For abbreviations, &c., see notes on first page]
Miles Date
Road Bonds
Ogden Mine RR— Stock (5% rental Central of N J )__
Ogdcnsburg & Lake Champlain Ry.—See Rutland RR
Ohio Conn Ry— 1st M $2,000,000 g gu p & l(text)F.c*
Oliio & Kentucky— 1st M gold sink fd call at llO.Ce.c*
Ohio & Little Kanawha Ry— First M gold red 105- - K
Ohio River— First mortgage ($2,000,000) gold-.F P c*
General M ($3,000,000) gold llrston 39 mlles.-FP.c*
Rav Sp & Glen 1st M $400,000 g gu p & 1.. FP.c*
Huntington & Big S 1st M ($400,000) gold guar-.c*
Ohio River & Western— First mortgage $600,000 g --F
Oklahoma Central— Receivers’ certfs $500,000 auth..
1st M $10,000,000 redeem (text)______
Old Colony— Stock 7% guaranteed by rental______c*
Bonds not mortgage------------ -------------- ---------------r
Bonds not mortgage (authorized $3,000,000) g.c*&r
Bonds not mortgage...............................................c&r
Bonds not mortgage..............................................c&r
Omaha Bridge & Terminal Ry—First M ($5,000,000).
Opelousas G & N E— 1st M $5,000,000 g gu (text) .Me
Oregon & Cal— 1st M gold drawn at 100 "gu p & 1. Un.c*
■Oregon-Wash RR & Nav—Com stk $50,000,000 auth.
Or RR & Nav cons (now 1st) $24,312,800 gold.N.c*
New mortgage to be authorized (see text)
Oregon Short Line RR— First mtge (RyCo) g o ld .-.c *
Utah & Northern first mortgage exten In 1908__ c*
Cons M gu $15,000 p in s f not drawn g o ld -. AB.c*
Cons 1st M $36,500,000 gold (1st M on 400 m) _(i.c*
Ref M $100,000,000 g gu p & 1 red (text) _Eq.c*&r
Income bonds Series A 5% non-cumulatlve.........OB
do
Series B non-cumulatlve________ .0
10 —
Oregon & So E— First M $300,000 g red 110 s f ----- Ta
Oswego & Syracuse—Stock 9% guaranteed D L & VV.
Consolidated mortgage (guaranteed by D L 4 W ) Construction mortgage guar (for $ 1,000 ,000) ------- F
Overton County— First mortgage $250,000 g o ld ..—
Owensboro & Nashville— First mortgage gold---C e.c*
Ozark & Cher Cent—See St Louis & San Francisco
Pacific & Eastern — First mortg gold redeem (text). K
x Amounts held by public.
1903
1896
1900
18S6
1887
1890
1892
1903
1908
132 1905
9
26
80
172
209
33
11
111
1888
1894
1895
1902
24 1893
57 1906
670 1887
1,142
1896
Par
Value
$100
$450,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
2,000,000
250,000
228,000
2,000,000
2,941,000
376,000
303,000
600,000
387,000
2,640,000
20.364,000
4,000,000
3,000,000
5,598,000
1,000,000
1,750,000
1,143,000
17.745.000
(?)
23.380.000
1,000
100
1,000
1,000 &c
1,000 &c
1,000 &c
100
1.000
1,000
100
1,000
Rate
%
When
Payable
&
Last Dividend Places Where Interest and
Dividends are Payable
and Maturity
5
J
4g
5g
5g
5g
5g
6g
6g
4g
6
5g
7
4
4g
4
3H
5
5g
5g
M & S Sept 1 1943
J & J July 1 1926
M & S Mch 11950
J & D June 1 1936
A & O Apr 1 1937
F & A Aug 1 1920
J & J July 1 1922
M & S Sept 1 1953
M & N15 Nov 15 1911
J & D Dec 11945
Q—J Jan 2 T 1.1 H %
J & J Jan 1 1938
F & A Feb 1 1924
J & D Deo 1 1925
J & J July 1 1932
J & J Feb 11943
M & S Mch 1 1956
J & J July 1 1927
J Jan 1911 2 H% 608 Chestni't Street, Phil
4g
J
& D June 1 1946
1,000 14,931,000
600 1882
6 g F & A Feb 1 1922
1,000
4,991,000
4 (7) J & J July 1 1933
477 1878
1,000
1,802,000
5 g J & J July 1 1926
477 1886
500 &C 12,328,000
1,479 1897
5 g J & J July 1 1946
1904 1,000 &c See text
4 g J & D Deo 1 1929
500 &c
X315.000 5% In Se pt 1910 July 1 1946
1897
500 &c
x55,000 4 in 1910
July 1 1946
Oct
. . . 1897
1910
text.
J & D Dec 1 1960
_ 1902 500 &C See
250,000
5 g A & O Apr 1 1922
50
35 __ _
1,320,400
9
F & A 20 Feb 20 1911
1,000
35 1876
438,000 See text See text Matured
1,000
35 1883
668.000
5
M & N May 1923
20 1905
1,000
250,000
5 g J & J Oct 1 1945
88 1881
1,000
1,200,000
M & N Nov 1 1931
6g
—
1909
100 &c
STOCK AND BONDS.— Stock, $5,000,000. all outstanding; par $100
of the bonds, $3,000,000 are outstanding In the hands fo the public and
$2,000,000 held as collateral tor loans; Merc. Tr. Co., San Fran., trustee.
OFFICERS.— Pres, and Gen. Man., ,J. Downey Harvey; 1st V.-P.,
j . A. Folger: 2nd V.-P., Horace D. Plllsbury; Sec. and Treas., Burke Cor
bet.— (V. 01, p. 276, 337, 019, 871, 1020, 1161, 1255, 1447.)
O G D E N M I N E R R . — Owns Nolan’ s Point (Lake Hopatcong) to Sparta
(or Ogden Mine), N. J., 10 miles. Leased for 991) years from Jan. 1 1882
to Central HR. of N. J. for 5% per an. on stock and $500 yearly for org. exp.
O H I O C O N N E C T I N G R Y . — Owns bridge over Ohio River near Pitts
burgh, Pa., and approaches, 9.08 miles. Leased from Oct. 20 1890 for no
definite time to Pitts. Clncln. Cldc. & St. Louis Ry.; rental, net earnings.
Stock Increased In Dec. 1902 from $1,000,000 to $2,000,000, In $50 shares
Bonds are guaranteed as to principal and Interest by endorsement by Penn
sylvania Company, which on Jan. 1 1910 owned the entire stock. Form of
guaranty, V. 81, p. 669. Dlvs. In 1906,5%; 1907 to 1909, 7% . For calyear 1909, gross, $439,215; net, $369,854; other Income. $53,625; charges,
$80,000; dlv. (7% ). $140,000; bal., sur.. $203,479.— (V. 82, p. 752.)
O H I O & K E N T U C K Y R Y . — Owns from Lex. & East. Ry. at Jackson,
Ky., to cannel coal Helds In Morgan County, Ky., 26 miles.
Com
mon stock, $200,000; preferred stock. $100,000; bonds, as above, $250,000;
Junior securltes to be taken by stockholders, $175,000. Bonds arc guar
anteed by Kentucky Block Cannel Coal Co. Year ending June 30 1910, gross,
$93,763; net, $30,511. In 1908-09, gross, $76,667; net, $20,301; lnt.,
taxes, &c., $24,314; bal., def., $4,013. In 1907-08, gross, $86,016; net,
$24,201. Pres., W. de L. Walbrldge, 1 Broadway, N. Y.
O H I O & L I T T L E K A N A W H A R Y . — Zanesville, O . . to Marietta. & c . ,
80 miles. V. 69, p. 907. Balt. & Ohio has pledged under Its Pitts. L.E.&
West Va. mtge. $585,000 common and $824,000 pref. stock. V. 73. p.
1264. Stock: com., $918,000; pref., $1,167,500. Year 1009-10, gross, $290,
326; net, $47,503; charges (?).— (V 73, p. 1264.)
OHIO RIVER R R .— (Seeh. «S O. M ap.)— In July 1901 purchased by the
Balt. & Ohio R R ., which has pledged $5,884,400 of the $5,915,430 capital
stock as part security for Its own Pitts. L. E. & VV. Va. 4s. V. 73, p. 287.
O H I O RIVER & WESTERN RY.— Owns Bellalre. O., to Mill Run. O..
I l l miles; narrow-gauge trackage to Zanesville, 1 mile. Successor Jan. 1
1903 to Bellalre Zanesville & Cincinnati RR. V 80, p. 163, 473, 600, 1913.
Stock autli., $1,200,000: outstanding June 30 1910. $653,914; par, $100.
In year ending June 30 1910, gross, $194,350; net, $19,696; lilt, on bonds,
Ac., $25,569; bal., def., $5,873. In 1907-08, gross, $192,715; net, $25,468;
Pres., S. L. Mooney; Treas.,W. C. Mooney,Woodslleld, O.— (V.83,p,1099.)
O K L A H O M A C E N T R A L R R .—Owns Lehigh, Okla., to Chlckasha, 132
miles. June 5 1908 Asa E. Ramsay was appointed receiver. V. 86, p.
1344, 1410. Of $500,000 receivers’ certlllcates authorized, $387,000
had been sold In December 1910. V. 88, p. 158. In April 1910 a ma
jority of the bonds had been deposited with a committee, F. J. Llsman,
Chairman (Columbia Trust Co., New York, depositary). V. 87, p.
1160. In Aug. 1909 the Ada Term. RR. was Incorp. Stock (par of shares
5100), $2,640,000. Western Trust & Sav. Bank, Chicago, Is mtge. trustee.
V. 82, p. 752. For year ending June 30 1910, gross, $219,556; net, $27,317.
— (V. 88, p. 158: V. 91, p. 39, 155.)
O L D C O L O N Y RR. (MASS.)—Owns road from Boston to Provlncetown,
Mass., Newport, R. I., &e., 518 miles; leases 101 miles. In June 1907 a
bill was passed permitting purchase of Boston & Providence (leased line).
LEASE.— In 1893 leased to New York New Haven & Hartford for 99
years. Of the stock, $7,749,400 was on June 30 1910 held by the lessee.
The lease provides for dividends of 7";, per annum on stock not exchanged.
V. 76, p. 247, 374. Stock outstanding, $20,364,000. V. 86, p. 982, 1101;
V. 88, ]). 53, 375, 453, 507. In Oct. 1910 additional stock was contem
plated.— (V. 89, p. 1543, 1597; V. 91. p. 1026.)
O M A H A & D E N V E R S H O R T L I N E R R . — Projected from Omaha, Neb.,
to Denver, Col., about 500 miles.
Incorporated In Colorado In 1006.
Stock authorized, $12,500,000; par of shares, $100.— (V. 83, p. 94.)
O P E L O U S A S G U L F & N O R T H E A S T E R N R R . — Owns fifty-seven miles
from Melville to Crowley, opened Oct. 2 1007. Stock authorized. $2,
000,000, of which Tex. & Pac. owns $1,400,000; par of shares, $25. Bonds
authorized, $20,000 per mile, will be guar, by Tex. & Pac. as Issued. The
$1,143,000 bonds Issued Dec. 31 1009 were all owned by the Tex. & Pac. V.
82. p. 98; V. 83, p. 688; V. 86, p. 792. Pres., C. E. Sattcrlee; Sec., P. B.
Bert, Opelousas, La. N. Y. office. 195 B’way.— (V. 85, p. 922.)
O R E G O N & C A L I F O R N I A R R . — (See Map Southern Pac.)— Portland.
Ore., to California State line, 367 in.; Albany Jet. to Lebanon. 12 m.; Port
land to Corvallis, 97 m.; VVoodburn to Natron, 93 m.; Portland, Ore., to
Alrlee, Ore., and branch, 81 in.; Mohawk Jet. to VVcndllng, 16 m.; Spring
field to Springfield Jet., 1 m.; trackage, 1 m. Total, 666 miles.
LEASE, &c.— Leased to Southern Pacific Co. for 34 years from Aug. 1
1893. the lessee guaranteeing lnt. on the bonds and the lessor receiving any
net profit and being charged with any deficit after payment of charges. Bet
terments are payable by lessor. Southern Pacific owns all but $38,802 of
the $19,000,000 stock, $12,000,000 of which Is 7% pref. V. 72. p. 287.
Due Southern Pacific June 30 1910, *4,946,702. Litigation, V. 88. p. 376.
BONDS.— Land grant acreage unsold June 30 1910, 2,342,350, part be
ing covered by the mtge., proceeds of land sales going to redeem bonds
(subject to call at par). The Southern Pacific guaranty of principal and
Interest Is printed on each of the 5% bonds. See V. 63, p. 754.
EARNINGS.— Year ending June 30 1910, gross, $8,829,649; net, $4,
120,491; other Income, $5,209; lnt., taxes, &c., $2,082,107; bal., sur.,
$2,043,593.— (V. 80, p. 2220; V. 88, p. 376.)
....................
O R E G O N - W A S H I N G T O N R A I L R O A D & N A V I G A T I O N J C O . — (See 'Map
Union Pacific.)— The company, a merger of Union Pacific lines, has under
construction and projected In Washington and Oregon a total of 3,474
miles, of which 2,462 In operation or under construction Nov. 1910.
These Include the Oregon RR. & Navigation, which on June 30 1910
owned from|East Portland, Ore., to Huntington, Ore., 402 miles; Pendle
Amount
Outstanding
300,000
6g
J
& D June 1 1937
New York or Philadelphia
Hambleton & Co, Balt
F J Llsman & Co., N Y
In default.
Office, Boston
do
do
do
Treasurer’s office, Boston
Miss Valley Corp, N Y
Mercantile Trust Co. N Y
South Pacific Co, N Y
Office 120 B’way, N Y
New York and Germany
120 Broadway, NewYork
do
do
do
do
do
do
do
do
do
do
do
do
Apr '10 coupon not paid
Del Lack* West RR.N Y
do
do
do
do
In default
71 Broadway, New York
Knickerbocker Tr Co,N Y
ton, Ore., to Spokane, Wash., 298 m.; branches, 724 m.; trackage, 3 m.;
total, 1,427 miles, of which 13 narrow-gauge river division water lines, 195
miles. Ocean line to San Francisco, 660 miles.
ORGANIZATION.— Incorp.. in Oregon Nov. 23 1910 and on Dec. 23
1910 took over by purchase the Oregon RR. & Nav. Co., North Coast R y.,
and affiliated lines controlled by the Union Pacific. V. 91, p. 1447, 1512,
1630, 1768. Stock auth., $50,000,000, to be owned mostly by the Union
Pacific R y. directly and through the Oregon Short Line.
....................
• BONDS.— A new mtge. will be auth., possibly $150,000,000 In amount;
which will be a 2d lien on the former property of the Oregon RR. & Nav. Co
and a 1st mtge. onlthc remainder.
An abstract of Ore. R R . & Nav. consol. M. was In V. 63, p. 928.
O. R. & N. EARNS.— 5 m os.,(1910..Gross, $7,094,656; net, $2,812,161
July 1 to Nov. 30.
\1909..Gross, 6,787,365: net, 3,429,355
For year ending June 30 1910, earnings of Ore. RR. & Nov. Co., gross,
515,054,740, against $12,626,531 in 1908-09; net, $6,248,272, against
$6,219,812.— (V. 91, p. 1447, 1512, 1630, 1768.)
....................................
OREGON SHORT LINE RR — (See Map Un. Pac.)— Granger. W yo., to
Huntington, Ore., 542 miles; branch to Ketchum, Ida., 70 m.; Ogden to McCammon, Ida., I l l m.; Pocatello to Sliver Bow, Mont., 256 m.; Cache Jet.,
Ida., to Preston, Utah, 42 m.; Ogden, Utah, to Sandy, 50 m.; sundry
branches, &c., 426 m.; Butte to Garrison, Mont., 57 m., owned, but oper.
by Nor. Pac.; trackage, 11 m.; total, June 30 1910, 1,565 miles.
On July 7 1903 the portion of the main line from Salt Lake City, Utah, to
Callentes, Nev., 512 m. In all, was taken over under purchase by San Pedro
Los Angeles & Salt Lake Ry , the Short Line acquiring a half Interest In
San Pedro L. A. & S. L. V. 79, p. 1705. V. 76, p. 919, 1356; V. 77, p. 38.
HISTORY.— Successor March 16 1897 of the Oregon Short Line & Utah
Northern Ry., foreclosed per plan In V. 62, p. 504. 505. Controlled by Un.
Pac., which holds nearly entire capital stock. See also bonds below.
V. 84, p. 52, 572, 932. In 1907 acquired $5,685,750 stock and $1,034,000
bonds of Utah Light <Ss Ry., Salt Lake City. V. 83, p. 1171; V. 87, p. 1548-9
CAPITAL STOCK.— .Stockholders voted Oct. 12 1910 to Increase the
authorized stock from $60,000,000 to $100,000,000, the new stock when
Issued to go to the Union Pacific In adjustment of accounts. Outstanding,
$27,460,100, of which Union Pacific owns $27,350,700: remainder In treas
ury. V. 91, p.871. In 1906 and 1910 paid 50% dividends. V. 84, p. 52;
V. 91. p. 1711.
BONDS.—Of the $36,500,000 first consols, $22,029,000 were reserved to
retire at maturity the loans not disturbed. The $4,993,000 Utah *
Nor. 7s due July 1 1908 were extended to July 1 1933 at 4% . V. 86, p. 1410.
Series A Incomes, non-cumulatlve 5 per cents, have received: In Sept.
1897, 4% ; Sept, yearly since, full 5% , at‘ N. Y. office or Old Col. Tr.. Boston.
The Ore. R R . & Nav. Co. common stock was withdrawn from the In
come B mtge. and pledged under the 4% refunding mtge—see below. No
collateral was substituted under the Income B. mtge. The U. P. RR. Co.
owns all but $37,000 of the Income I) bonds and consented to the exchange.
Series B received In Oct. 1898 3% and In Oct. 1899 to 1910, Incl., 4%
yearly. V. 65, p. 572; V. 66, p. 1141.
• The Union Pacific and the Oregon Short Line owns all but $315,000 of the
$7,185,000 Income A bonds and the U. P. all but $55,000 of the $14,841,000
It bonds, the amounts named In the hands of the public being provided for
by the new mortgage of 1910.
The ref. gold guar. 4s (collat. trust) of 1904 (authorized Issue, $100,000,
000) arc subject to call at 102 Vi since Dec. 1 1907. The bonds are secured
by pledge of the following stocks: $108,000,000 com. Sou. Pac. and $10,
866,800 pref. and $23,979,300 com. Ore. R R . & Nav. and $2,564,000 Ore.
& Sh. Line Inc. A bonds, $160,000 Malheur Valley Ry. bonds and $155,000
Wyoming Western RR. bonds. The collateral may be replaced by other
of equal value. Of the bonds, $45,000,000 has been sold, the remaining
$55,000,000 being held In Union Pacific treasury. See abstract of mortgage,
V. 80, p. 2403. V. 79, p. 2086; V. 80, p. 1913.
Stockholders on Nov. 30 1910 authorized a new mtge. for $150,000,000,
of which $34,422,000 will be reserved to retire underlying bonds and $24,
000,000 will be Issued at first for corporate purposes. V. 91, p. 1512.
EARNINGS.— 5 m os.,(1910...........Gross, $0,627,272; net. $4,802,965
July 1 to Nov. 30. 11909______Gross, 9,122,957; net, 5,526,046
For year ending June 30 1910,gross, 520,822,846, agst. $17,784,586 In
1908-09; net, $11,281,272, agst. $10,470,884 — (V. 91, p. 1512, 1711.)
^ O R E G O N & SOUTHEASTERN R R .— Cottage Grove to Dlsston, 20 m.,
completed In Oct. 1906; branches, 4 m.; total, 24 m. Extension to Bonita,
6 m., under construction In Mch. 1910. Stock authorized, com., $500,000;
pref., 7% cum. $500,000; outstanding, $400,000 of each; par of shares,$100.
Bonds, $250,000 said to be outstanding. Coupons due April 1 1910 were
not paid when due. In 1010 foreclosure suit was brought. V. 90, p. 1297.
For year ending June 30 1909, gross, $30,808; not, $10,740; lnt., taxes, &c.,
526,853: bal., def., $16,113. Pres., G. B. Hengcn, 1657 Monadnock
Block, Chicago.— V. 90, p. 1297.)
OSWEGO & SYRACUSE RR.— Owns from Oswego, N. Y .. to Syracuse,
N. Y ., 35 miles. Leased In 1869 during length of charter and renewal thereof
to the Delaware Lackawanna & Western RR. Co. for 9% per year on *1,320,400 stock and Interest on bonds. The $438,000 7% bonds which ma
tured March 1 1907 arc held In treasury of D. L. & VV.—V. 86, p. 543.
OVERTON COUNTY R R. — Owns Allgood, Tenn., on Southern Ry., to
Livingston, 20 miles. Extension easterly to Junction City, K y., on the
Cln. New Orl. & Texas Pac., 76 miles, was under construction. On Oct. 1
1910 George A. Clark of Nashville, Tenn., was appointed receiver. V. 91,
p. 1026. Stock authorized, $250,000, was to be Increased to $2,500,000.
Bonds, sec table above; trustee, Colonial Trust & Savings Bank, Chicago.
V. 81, p. 727. Car trusts, $18,000. Year ending June 30 1910, gross,
$39,640, against $31,525 In 1908-09; net, $11,394, against $11,448; lnt.,
taxes, Ac., $16,018; bal., def., $4,570. Pres., Geo. L. Wilkins. Chicago;
Sec. and Treas., E. C. Knight, Livingston, Tenn.— (V. 91, p. 1026.)
OWENSBORO & NASHVILLE R Y . — Owns from Owensboro, Ky., to
Adalrvllle, Ky., 84 miles; Mud River branch, 4 miles. Operated by
10-J
RAILWAY STOCKS AND BONDS.
[V o
l
.
l x x x x ii
.
J a n ., 1911.|
RAILWAY STOCKS AND BONDS.
103
RAILROAD COMPANIES
[For abbreviations, A c., see notes on first page]
Pan-Amer RR (Mex-Ouat)— 1st M (text) red 105..C*
General mortgage $6,000,000------- ----------------------r Pan-American Co collat trust notes redeem at par c*
Paterson & Hudson Riv— Stock 8% rent N V L EA W
Paterson & Ramapo— Stock (rental guaranty)...........
Pemigewassct Valley RR— Stock (rental guaranty). .
Pennsylvania RR— Stock auth to be $600,000,000 _Tr
Consol mtge of) Gold registered bon ds.....................r
1873 secures Gold coupon b on d s--------------------- c
all equally. Gold coupon s t 1% not drawn, .c*
Stcrl (stln 1000) not drawn .c*r&'*
Q. P.
Gold or sterling-------------- xc*rAr*
Bonds (P W & B stock as collateral)------------------- r
N Y Phlla & Norf stock tr c tfs .--------- -----------------Collateral trust loan gold not drawn................ _c*
Gold bonds redeemable (text) convertible— GP.c*
do
do
do
do
*&t
Philadelphia A Erie mortgage (now first; g o ld .-.c
do
do
($5,263,000 are 5s)---------- r
3unb Haz A Wllk first Series A drawn at 100----- c
Second mortgage Income----------------------------- cAr
Sunb & Lewis first mtge $600,000 p A I g — GuP.c*
West Chester first mortgage assumed......................
West Penn consol mortgage gold assumed--PIP c*
River Front first mortgage assumed
Southwest Penn 1st M s t $5,000 yearly not drawn.r
Allegheny Valley gen (now 1st) M g ----- FPi xc* Ar
Junction (Phlla; general mortgage (now first) gold.
Pltts Va & Ch first mtge gold guar p A l ..0 P .c * 4 r
Equipment trust gold bonds (s ( 5%) not drawn.-c*
Penn equipment trust gold last Installment_______
do
do
$400,000 paid yearly__ _
Penn steel car trust gold $700,000 paid yearly___
x On coupon bonds J A J; on registered bonds A AO
Hies Date
load Ronds
1903
14
14
974
974
974
974
974
1909
__
---__
1879
1879
1893
1895
1908
1881
1908
1883
1902
1905
307 1869
307 1869
43 1878
43 1878
56 1896
5 1879
138 1888
4.62 1882
131 1877
262 1892
2.96 1900
1904
1889
1901
1902
1902
a In cludln
Par
Value
Rate
%
When
Payable
Last Dividend Places Where Interest and
and Maturity
Dividends are Payable
$1,000 $2,400,000
5 g J & J Jan 1 1934
See text
1,666
6
1,600,000
A & O Oct 1 1914
50
630.000
8
J & J Jan 1911
4%
50
298.000
8
J & J Jan 1911 4%
100
541.500
6
F A
A Feb 1911 3%
50 See text 6 In 1910 Q— F Nov 30 ’ 10 1 Yt
1,000 3.493.000
5g
Q— M Sept 1 1919
1,000
1.500.000
5g
M A S Sept 1 1919
1,000 2.660.000
4g
& N May 1 1943
£200 4.850.000
3H g
& J July 1 1945
$ or £ 39.400.000
4
& N May 1 1948
1,000
7.435.000
4
A J July 1 1921
1,000 7,478,250
4
A D June 1 1948
1,000
9.786.000
4 54 g
A D June 1 1913
500 Ac 10,222.500
3 54 g
A N Nov 1 1912
500 Ac 86.835.000
A D Oct 1 1915
1,000 8.680.000
A J July 1 1920
8g
1,000 11.143.000 4 g & 5 g
A O July 1 1920
100 Ac a l,000,000
5
A N May 1 1928
100 Ac
6
1,349.500
A N May 1 1938
1,000
500.000
4g
A J July 1 1936
100 Ac
75,000
5
A S Sept 1919
1,000
4.000.
0004 g
A D June 1 1928
1,000
212 .000
4 54
A N May 1 1912
1.000
862,000
7
A A Feb 1 1917
1,000 2 0 , 000 ,000
4g
A S Mch 1 1942
1,000
725.000
A O Apr 1 1930
3 54 g
1,000
6.000.
0004 g
A N Nov 1 1943
1,000 2.546.000
4g
A S Sept 1 1914
1,000
400.000
3 54 g Q— M June 1911
1,000
800.000
3 54 g Q— M Mch 1911-1912
1.000
1.400.000
3«
Q—J July 1911-1912
g $377.1 00 bonds he Id alive 1 n sinking tund.
Louisville A Nashville R R ., which owns the $1,156,525 stock (par, $100)
and the $1,200,000 first mortgage bonds— all these bonds and most of the
stock being pledged under Its trust deeds.
P A C I F I C & E A S T E R N R Y . — Owns Medford, Ore., to Butte Falls, 55 m.,
extension from Eagle Point to Butte Falls, 40 m., being completed Nov.
1910. Further extension projected to Crater Lake, about 15 in. Acquired
the Medford A Crater Lake R R ., bid in at receiver’s sale May 11 1907. The
Hill (Gt. Nor.) Interests own nearly all the stock, acquired In 1910, and, it is
stated also made an oiler to purchase the bonds. V. 90, p. 1614; V. 91,
p.|946. Stock authorized, $1,000,000: outstanding. $500,000; par, $100.
Bonds (Knickerbocker Trust Co., N. Y ., trustee) are subject to call after
June 1917 at 105; outstanding Sept. 1909, $300,000, $340,000 additional
being offered. V. 84, p. 1552; V. 88, p. 1621. Pres., John F. Stevens;
V.-P., William Gerlg; Sec., J. W . Lawlor— (V. 88, p. 1621; V. 89. p. 847;
V. 90, p. 1614; V. 91, p. 946.
PAN-AMERICAN RR. (MEXICO-GUATEMALA) — Projected from San
Geronlmo, Mex., on the National Tehuantepec R R ., southeasterly to the
Guatemala border, about 300 miles, with connections to the City of Guate
mala, of which 225 miles operated In March 1908; balance was under con
struction. Mexican Govt, subsidy about $10,000 gold per mile. The
National Rys. of Mexico In Aug. 1910 acquired $9,800,000 of the $10,000,000
stock, of which $9,600,000, together with $3,600,000 gen. mtge. bonds, Is
deposited as collateral under the Pan-American Company collateral trust
6 % bonds (see table above). Remaining $2,400,000 gen. mtge. bonds are
reserved to retire the outstanding first mtge. bonds. V. 90, p. 237. The
first 5s of 19 3 are limited to $12,000 per mile of main track, but, by supple
mental mtge., to $8,000permlle until the net earnings are double the Inter
est charge on the entire authorized amount. In 1906 $1,000,000 bonds
were sold.— (V. 90, p. 237, 772; V. 91,p.589.)
PARRAL & DURANGO RR.— V. 91, p. 1448.
PATERSON & HUDSON RIVER.— Owns from Marlon, Jersey City,
N. J. (south of Bergen Junction), to Paterson, N. J., 14 miles; double track.
Leased In perpetuity at $48,400 per year for road, $5,000 for land In Jersey
City and taxes, to Erie R R ., forming part of main line.
PATERSON & RAMAPO RR.— Owns from Paterson, N. J., to New York
State Line, 14 miles, double track, part of main line of Erie R R .. to which
leased Sept. 1852 during legal existence, at $26,500.
PEMIGEWASSET VALLEY RR.— Plymouth, N. H.. to Lincoln, N. H.,
23 m. Leased to Concord A Mont, for 6% on stock: op. by Bos. A Maine.
P E N N S Y L V A N I A R R . — (.See M aps.)—The system, as shown on the
adjoining maps, extends from New York City westerly, via Philadelphia,
to Pittsburgh, Erie, Cleveland, Toledo, Chicago and Burlington on the
north and to Washington, Cincinnati, Louisville A St. Louis on the south.
The total system on Jan. 1 1910 aggregated 11,234 miles, of which 3,841
miles represents the mileage operated directly under the caption “ the lines
east of Pittsburgh and Erie,” and 2,911 the mileage operated directly under
the caption "the lines west of Pittsburgh and Erie,” the latter being more
fully described under the title Pennsylvania Company and Pittsburgh Cin
cinnati Chicago A St. Louis. The other lines are operated Independently.
East of Pittsburgh and Eric.
Miles.
Main Line and Branches— Miles. Trackage..................................... 237
Philadelphia to Columbia, P a ..
81
REPORTED SEPARATELY—
Phlla.,Pa.,to New Bos. Jet., Ac. 293 Phlla. Balt. A Washington___ 697
Harrisburg, Pa., to PIttsb., Pa. 245 Northern Central R y*________ 460
Erie, Pa., to Sunbury, Ac_____ 307 West Jersey A Seashore R R .* .. 337
Branches and spurs................... 895 Cumberland Valley R R .* _____ 162
Long Island*.....................
391
Total main line A branches.. 1,821 Balt. Ches. A Atlantic R y _____
88
Lines oper. by lease or contract—
Maryland Delaware A Virginia.
78
Har. Ports. Mt.Joy. A Lan. RR.*
Rosslyn Connecting__________
2
Dlllcrsvllle to Harrlsb.,Pa.,Ac. 53 Philadelphia A Camden F erry..
1
United New Jersey RR.,* Tren
ton to Jersey City, Ac______ 149
Grand total east of P. A E__ 6,294
Philadelphia A Trenton RR.*
26
W e s t o f P it t s b u r g h a n d E rie.
Allegheny Valley Ry •______I . 264
REPORTED DIRECTLY—
Western New York A Penn.*.. 554 Pitts. Cln. Chic. A St. Louis*.. 1,56 >
Connecting Railway*_________
37 Pennsylvania Company lines*-.1,345
Lines operated under contract—
Cambria A Clearfield R R .*___ 3 9 3
Total reported directly______2,911
Bclvtdere Delaware R R .*____
81
REPORTED SEPARATELY—
Phlla. A Long Branch R R ........
49 Grand Rapids A Indiana lines* . 580
Delaware River RR. A Bridge*
10 Vandalla R R .*.................
924
Other lines (Incl. D. A R. Canal
Other lines (see Pennsylvania
66 m., and ferries, 2 m .)____ 401
Company statement)_______ 525
Total In Penn. RR. statistics.3,841
Total system Jan. 1 1910...11,234
•See each company's statement.
ORGANIZATION, LEASES, Ac.— The charter of the Pennsylvania RR.
was dated April 13 1846. The Pennsylvania Company controls all the lines
west of Pittsburgh and Erie, the Pennsylvania RR. Co. holding all Its stock.
In 1900 acquired most of stock and income bonds of Western New York A
Pennsylvania and took a lease of the road. V. 72, p. 481.
In May 1900 purchased a majority of Long Island RR. stock.
V. 72,
p. 481. In Mch. 1910 had acquired additional amounts of Norfolk A West,
stock, and, It Is understood, owned 51% thereof. V. 90, p. 628. Western
Pennsylvania and other roads connecting with the main line were merged
April 1 1903, the Pittsburgh Virginia A Charleston In 1905 and the Phila
delphia A Eric May 1 1907 and the Allegheny Valley on April 7 1910. V. 76,
p. 486, 594; V. 80, p. 1112; V. 84, p. 1183; V. 90, p. 976. The South West
Pennsylvania Ry. and York Haven A Row. R R . were purchased In 1906,
and In 1908 the Southwest Connecting R y., Junction R R . and Bald Eagle
Valley R R . V. 82, p. 453, 629; V. 84, p. 626; V. 86 , p. 422.
. I ? Jan. 1910 $2,492,750 of the N. Y. Phlla. A Norfolk $2,500,000 stock
(authorized In April 1910 to be Increased to $3,750,000) had accepted the
offer to buy the stock with 4% 40-ycar trust certfs., guar., p.Al., by Penn.
K oVPPr,^ ?,1;?,0. ^ 3 ’ 000 certfs. for $1,000 stock. V . 86 ,p . 1590; V . 88 ,p 631.
OWNED.— The total cost of these to Jan. 1 1910 was
$270,343,957; many of which are pledged to secure Pennsylvania Issues
Revenue derived from these securities In 1909, $13,214,757.
A mount
Outstanding
Amer Tr A Sav Bk, Ohio
Amer Tr A Sav Bk, Chic
Paterson, N J
do
Treas Off, Concord, N H
Office, Philadelphia
Office, Philadelphia
do
do
Farmers’ L A Tr Co. N Y
London, England
Penn Co for Ins, Ac, Phil
Provident L A T Co, Phil
Amer Ex Bk, NY; A Phil
Am Ex Bk, NY, Phil, Ac
Broad St Sta and London
Broad St Station, Phlla
do
do
.
do
do
do
do
do
do
do
do
do
do
do
do
New York and Phlla
Broad St Station, Phlla
New York A Philadelphia
Girard Trust Co, Phlla
Commercial Tr Co, Phlla
do
do
do
. do
DIVS. ’ 90. ’ 91. ’92. ’93 to’99. ’00-May’06 Nov. ’06 ’07. ’08. 1909 1910.
P .C .. 5H 6
6 5 yearly 6 yearly
3 54 7
6
6
6
In 1893 paid also 2% in scrip.
Beginning 1910 dividends paid quarterly. V. 89, p. 1224.
STOCK.—The stockholders March 10 1903 authorized an Increase In
stock from $251,700,000 to $400,000,000, to be made from time to time in
the discretion of the directors. Of the stock, $20,980,350 was Issued April
1903 in exchange for convertible debentures. (See below.) In 1903 sold
$75,094,750 new stock at $60 per $50 share. V. 76, p. 383, 488, 594, 706,
1193; V. 77. p. 37. 770.
Stockholders on March 12 1907 authorized Increase of the stock and
bonds by $100,000,000 each, to be Issued from time to time as required,
$60,000,000 3-year collateral trust 5% notes paid off Mch. 1910, forming
part of the $100,000,000 bonds and the $40,000,000 4s sold April 1908
the remainder. V. 84, p. 103 , 626; V. 86, p. 1043. Stockholders were
offered the right to subscribe between Dec. 8 and 18 1909 pro rata to the
extent of 25% In new stock ($82,517,800) at par, payable on or before
June 1 1910, the proceeds to provide for the $60,000,000 5% notes maturing
March 15 1910 and $20,000,000 general 6s due July 1 1910. V. 89, p 1224
1281, 1348; V. 90. p. 635.
1
'
Stockholders arc to vote March 14 1911 on increasing the auth. stock from
$500,000,000 (of which $412,610,700 outstanding Jan. 1911, remainder
except about $22,000,000 reserved for convertible bonds) to $600,000,000.
Stockholders are to be allowed to subscribe for new stock to the extent of
10% at par, payable 50% each May 31 and Aug. 31 1911. V. 92, p. 119.
BONDS.— C o n s o l i d a t e d m o r t g a g e of 1873, see “ Supplement” of Oct. 1901.
In April 1908 $40,000,000 4% consols were sold. V. 86, p. 1043, 1101.
In 1902 were Issued $50,000,000 10-year 3 54% gold bonds, dated Nov. 1
1902, of which $39,787,000 had been converted In Dec. 1909 Into stock at
$70 per share and balance is convertible at holders’ option at $70 per share
at any time; they may be called for payment at 102 54 on any lnt. day, but
if called converted on basis stated. See V. 74, p. 577 ; V. 87, p. 1421:
V. 90, p. 447.
’
In 1905 stockholders subscribed at par for part of $100,000,000 of 3 54%
gold bonds, the balance being taken by a syndicate. The bonds are (since
Dec. 1 1905) convertible at option of holder at any time Into stock at $75
per $50 share unless previously called for redemption on Dec. 1 1910, or
at any subsequent Interest period on 90 days’ notice, at par and interest; but
when so called they may be converted up to 30 days prior to the date named
In said notice for redemption. A part of the proceeds was used to retire the
$27,480,000 6% bonds maturing June and July 1905; balance for Improve
ments. See V. 80, p. 1112, 1236, 1913: V. 81, p. 1437; V. 90, p. 447.
As to new bonds authorized in 1007 and 1908. seo STOCK above.
GENERAL FINANCES.— In 1901 obtained control of the Pennsylvania
and Cambria Steel cos. See "Industrial cos.” and V.72, p. 1280; V.82, p.805.
On November 27 1910 the company opene - Its passenger electric
tunnel railroad from Harrison, N. J., under the North River to a central
passenger station at 33d St. and 7th Avfc., New York City, and thence
under the East River to a connection with the Long Island RR. In Long
Island City, under the name of Pennsylvania Tunnel A Terminal RR.
Service from N. Y. station to Long Island City was begun Aug. 8 1910.
V. 91, p. 397, 946, 1161.
Tho tunnel will afford entrance into New York City for the Penn
sylvania Railroad and the Long Island Railroad, permitting through
trains by rail direct from the South and West to all points In New England
via the bridge from Mott Haven to Long Island, which Is to be built by the
N. Y. Connecting R R .; see V. 86, p. 608; V. 87, p. 813, 1238; V. 88, p. 631;
V. 89. p. 666, 919; V. 90, p. 635.
In June 1906 the Issue of $50,000,000 (250.000,000 francs) French loan
(Penn. Co. guar. 3 5*% bonds) was sold to pay part of cost ($42,000,000)
of equipment and completion of the wateY-supply system.
In April 1908 $40,000,000 4% consols were sold to provide for completion
of New York terminals and other construction work. V. 86. n. 1043 1101:
V. 88, p. 631. In May 1909 $8,100,000 and In May 1910 $11,000,000 4%
general freight equip, trust ctfs. were sold. V. 88, p. 1254; V.90, p. 1425.
On Dec. 31 1909 the Pennsylvania C >rnpany held (V. 86, p. 1281 ) the
subjoined amounts of the following Issues (compare table above), received
In whole or In part In connection with aforesaid French Issue.
Pa.Steel Roll. Stk.Tr.4%.$1,500,000 Penn. Gen. Frt. Eq Tr.
P a . Steel Freight Car Tr.
4 % ’ 07 , $100,000,‘000-’$13.600,000
4% gold . . — - - - - - - - - 5,300,000 Pennsylvania RR. Water
Pa.Steel Eq.Iinp. Tr.4%. - 6,000,000
Sunnlv Trust 4 °r.
7 nnn non
As to $100,000,000 equip, trust auth. In 1907. see V. 84'.'p f 231. 340
In Sept. 1906 about half of the company’s holdings In Baltimore A Ohio
ls.eP^*??lL^?,mPianNr
iirNol1Slk * Western stock were sold, realizing about
$50,000,000, the N. A VV. sold stock (about $16,000,000) being re-purchased
in April 1909, and In Mch. 1910 additional amounts had been acquired,
m? f 1J?rt?,Cntntan1 Shiledi A ls unclerstood. 51% thereof; also In Dec. 1906
sokl $15,630,000 Ches. A O. stock. V. 83. p. 562 , 1412; V. 85, p. 655;
7- °0 ’ P -828. In 1910 purchased $5,000,000 New York New Haven A
Hartford stock, increasing holdings to $6,000,000. V. 90. p. 1425.
L??® -i'P dividendl rate was Increased from 6% to 7% , but In
6 '?", °,n Feb. 1 1908 passenger rates were reutnconstUu°tlon£df S’V't.tl86^'<p.rl230^7286Penn3y*Van*a havlng bcen dec,are(I
l909’
scesec
“ Stock”
$82,o 17,800 stock sold Dec. 1909. As to and
sale In
1911
above. above:
LATEST EARNINGS.— Jan. 1 to Nov. 30 (11 mos.), d i r e c t l y o p e r a t e d :
Lines eus« of Pittsburgh] 1910..........Gross, $150,904,073; net. $41 ,991,002
and E ric.. . . . . . - __J1909.__— Gross, 139,689,773; net. 42,182,604
Lines west of P. A E., inc. or dec.Gross, Inc., $11,257,900; net, dec., $611,700
ANNUAL REPORT. Fiscal year ends Dec. 31. Annual meeting Is
held at Philadelphia on second Tuesday In March. The report for 1909 was
given In V. 90, p. 620, 634; see also editorial, p. 591 .
EARNINGS OF ALL LINES BOTH EAST A WEST OF PITTS A ERIE.
Year ending Dec. 31—
1909.
1908
Gross earnings..................................................... $315,406,804 $276,780,314
Net earnings (over taxes).................................... 86,263,213
71,392,227
RATT.nOAD COMPANIES
[For abbreviations, A c., see notes on first page]
Miles Date
Road Bonds
Par
Value
Amount
Outstanding
Rate
%
When
Payable
Last Dividend Places Where Interest and
and Maturity
Dividends are Payable
Pennsylvania RR— (Concluded) —
Penn steel car trust gold 5300,000 paid yearly
1902
$1,000
$600,000
3M
Q— J Oct 1911-1912
Tr Co, Phlla
Penn steel equipment trust gold $500,000 paid yrly.
—
1902
1,000
1,000,000
3X6 g O— M Dec 1911-1912 Commercial
do
do
do
do
do
$500,000 paid yrly.
— 1903
1,000
1,500,000
3H g Q— M Mch 1911-1913
do
do
do
rolling stock trust gold $500,000 pd yrly
1903
1,000
1,500.000
3M g Q— F May 1911-1913
do
do
do
do
do
$200,000 pd yrly
1903
1,000
600,000
Q—
F
3X6
g
Aug
1911-1913
do
do
do
do
do
$300,000 pd yrly
1905
1,000
1,500.000
4g
Q— M May 1911-1915
do
do
Pennsylvania Steel freight car trust.................
__ 1905
1,000
3.500,000
4
Q— S Sept 1911-1915
do
do
do
do
do
_
__ 1906
1,000
2,000,000
4
Q— J June 1911-1916
do
do
Pennsylvania Steel equipment Improvement trust-__ 1906
1,000 5,000.000
4
Q— J Jan 1912-1916
do
do
Pennsylvania general freight equipment trust
_ 1906-7
24,800,000
4
Q— F To Nov. 1017
Fidelity Trust Co.
do
g gu pAl due$l ,100,000yly(V90,pl425)FPr
1910
—
1,000 11,000,000
4
g
Q—
F
May
1911-1920
and Phlla.
r
„New York- ___
Delaware Avenue Bloodgood property____________r
—
1892
1,000
134,000
4.4
M A S Sept 1 1912
Philadelphia
Penn RR real estate purch money gold M-_F.c*Ar
. . . 1893
1,000
2,000,000
4g
M A N May 1 1923
Farmers’ L * Tr Co, N Y
Pennsylvania Company— Bonds gold guar------- c*Ar
— 1881
1.000 19,467,000
4M
g
July
1
1921
J
A
J
National City Bank. N Y
Guar tr certs $20,000,000 g gu Pa RR Ser A ______r
—
1897
1,000
4.548,000
3H g M A S Sept 1 1937
Union Tr, N Y; A Phlla
do
do
do
do
'
SerB.GP.c*_
—
1901
1,000
9,145.000
3H g F A A Feb 1 1941
LAmer Ex Bk, N Y. Af
do
do
do
do
Ser C _____c*
—
1902
1,000
4,727,000
3 « g J A D Dec 1 1942
f Girard Trust Co, Phlla\
do
do
do
do.
Ser D___ QP
- _~ 1904
1,000 9,779,000
3H
g
J
A
D
Dec
1
1944
Phlla,
Pa, and New York
Gold loan $1,334,000 drawn yrly g gu Pa R R - OP
__ 1901
1,000 7.994,000
3X6 g M A N Nov 1 1916
NewYork & Philadelphia
Gold loan red after 15 yrs (guar V 83 p 1229) .Q P.c*
__ 1906
1.000 20,000,000
4g A A O
Girard
Tr Co. PhllaAN Y
French loan 250,000,000 fr guar red from 1918-.OP
—
1906 500 fr Ac 48,262,548
3H J A D
Cred Lyon, Ac, Paris, Fr
Penn Monongahela & Sou— 1st M $1,000.000 g ___ OP
1908
635,000
4g J A J
Philadelphia, Pa
Pennsylvania & North Western—See Cambria A Clear field R y.
Peoria & Bureau Valley— Stock rental (see text)
47
100
1,500,000
8
F A A Aug 10 19104% First Nat Bk, New York
Peoria & Eastern— Ind Bloom A W 1st M pf._Ce.cAr
202 1879
100 Ac
985,100
4
A A O Apr 1 1940
J P Morgan & Co, N Y
Ohio Indiana & West 1st M prof gold Int guar Ce c*
342 1888
500 Ac
500,000
Q—J Apr 11938
5
g
do
do
Peo & 15 1st (cons) M $10,000,000 Int guar__ Ce c*
342 1890
1,000
8,500,000
4
A A O Apr 11940
do
do
Income mortgage non-cumulatlvc....................... Ce.c
342 1890
1,000
4,000,000
4
April Apr 1 1990
4%
paid
April
1
1910
Peoria & Pekin Union— First mortgage gold___ Ce!c
20, 1881
1.000
1.495,000
6£
Q—F Feb 1 1921
Central Trust Co, N Y
Second mortgage gold...............................
Cc"c
20 1885
1.000
1,499,000
B
i
g
M A N Feb 1 1921
do
do
Peoria Ry Term— First M gu g red 102 beg 1917 IC.c*
- - - 1907
1,000
944,000
4 g J A J Jan 1 1937
New York
Second mtgc jointly guaranteed as to principal only
280,000
2007
Pero Alarquette—Common stock________ _____
___
100 14,296,430
First pref (also as to assets) 4% cum after 1910___
__ ___
100 10.917.600 / .............
Second preferred 4% non-cumulatlve.........................
__ ___
100
907.060 { .............
Outstanding stock of constituent companies______
20(5,000
Refund M $00,000,000 g__..........................Ce.xc*Ar
__ 1905
1,000 10,106,000
4g J A J
1 1955
J P Morgan & Co, N Y
Debentures $5,000,000___________________________
__ 1907
5,000,000
6
J A J
do
do
Chic A West Mich 1st M ______ _____ __ . NB.c*
491 1881
"1.066
5 758.000
5
J A D
J P Morgan AUCo. N ’ Y
REPORT OF PENNSYLVANIA RAILROAD COMPANY.
. R b ? £ RT-.- : RePort for Year 1909 In V. 90, p. 1421. In 1909, gross earn
Year ending Dec. 31—
1909.
1908.
1907.
ings, $48,631,988; net, $12,652,523; other Income, $11,114,007; Interest,
Miles operated.......................................
3,841
3,802
3,858
rentals, Ac., $12,884,863; loan ctfs. redeemed, sink, fund, Ac., $2,545,760:
Gross earnings............................................$153,564,527$136,290,871$164,812.825
ulvlJcnd (8% ), $4,800,000; extraordinary exp. fund, $2,500,000; bal., sur.,
Net earnings (overtaxes)__________ 41,661,367 34,895,878 41,226,313 $1.035.907.— (V. 90, p. 237, 303, 914, 1421; V. 91, p. 946, 176J.)
Int. on Pa. R R . Investments_______ 13,214,757 11,287,744 10,440,955
PENNSYLVANIA AlONONGAhELA & SOUTHERN RR .—Owns from
Int. on United N. J. securities______
331,172
213,603
234,472 west bank of Monongahela River, about 4 X6 miles southwest of West
211,110
Int. for use of equipment...............
301,576
718,118 Brownsville Station, Pa., along west side of Monongahela River, to mouth
Interest general account___________
1,674,120
2,143,439
2,095,112 of Little Whitely Creek, 18 miles. Stock, $650,900 and $635,000 bonds*
General Int. and miscellaneous______
73,472
248,717
195,770 2ivJ1<l-r))y Pennsylvania R R . Bonds, see table above. Year 1909, gross,
R ents.....................................................
446,801
193,623
109,680 JS j’fSO; op. def., $172; other income. $1,060; charges, $25,009; bal., def.*
$24,121.— (V. 86. p. 982.)
$49,284,580 $55,020,420
PEORIA & BUREAU VALLEY RR. — Peoria to Bureau Jet., 111., 47
Deduct— R entals................................. $7,656,937 $6,437,357 $9,126,234
Interest on funded debt__________ 12,961,423 12,620,296 10,412,488 rones. Leased In 18o4 to Chicago Rock Island A Pad lie Ry for $125,000
Int. on mtges. and ground rents..
13,760
8 ^ Yearl5L occasionally more; Feb. 1908, 1%
14,030
7.955 extr iy— (V d8(lU p
Car trust payments_______________ 5,137,460
5,601,693
4.782,686
Equipment trust loan sink. fu n d ..
96,100
PEORIA & EASTERN R Y.— (See Maps N. Y. Cent. A Hudson River RR.)
79,797
101,937
Miscellaneous____________________
185,742
123,013
164.758 — Owns from Pekin, 111., to Indianapolis, Ind., 202 m and h is a lien of $5 000 000 on Springfield Division, Indianapolis to Springfield, Ohio, 141 *m’.
Total................................................... $26,051,421 $24,876,186 $24,596,058 trackage, Pekin to Peoria, 9 m.; total operated. 352 miles.
B alance................................................. $31,561,378 $24,408,394 $30,424,362
&o.— Formerly Ohio Indiana A VVestern. sold In foreclosure In
Payments to trust funds...................
$218,426
$197,321
$270,302 1890, reorganized per V. 49, p. 616. Leased till April 1 1940 to Clev. Cln.
Consol, mortgage sink, fund, A c.........
137,000
137,280
133,550 Chic. A St. L., which guarantees Interest, but not principal of the 1st con
Extraordinary expenses...................__ 5,581,810
3,538,981
3,260,651 sols and the underlying bonds, and owns one-half of the $10,000,000 stock
D ivid en d s.................................
19,173,742 18,875,680 21,908,435 par, $100. See “ Supp. of Jan. 1894 as to provisions respecting any surplus
Per cent___________ ________ ______
6%
6%
over charges. Company owns $125,000 stock of the Peo. A Pekin Union
7%
N. Y . Tusncl construction................ 4,000,000
1 . 000,000
R y., on which 6% yearly was paid 1895-1902 and 5% tn 1905. V. 74, p. 152.
Extraordinary expense fund............... 2,000,000
2,500,000
BONDS.— See abstracts of mtges. of 1890 In V. 51, p. 246, and of Ohio
Ind. A West, mtge., V. 47, p. 201.
$23,749,263 $28,072,938
Balance, surplus___________________
$450,400
INCOMES.— Dividend on Incomes, 4% yearly, paid April 1 1902 to 1908.
$659,131 $2,351,424
BaL, profit and loss Dec. 31________$25,149,688 $24,254,800 $24,725,484 both Inclusive: 1909, none; 1910, 4% .
OFFICERS.— Pres., James McCrea; 1st V.-P., Charles E. Pugh- 2d V.-P .
EARNINGS.— 11 m os.,f 1910..............Gross, $3,201,970; net, $880,120Samuel Rea; 3d V .-P., J. B. Thayer Jr.; 4th V.-P., Henry Tatnall; 5th
Jan. 1 to Nov. 30.
(1900------------ Gross, 2,743,444; net, 811,568
V.-P. and Gen. Mgr., W. W. Attcrbury; Trcas., J. F. Fahnestock; Sec.,
REPORT for 1909 was In V. 90, p. 699.
Lewis Ncllson. New York office, 85 Cedar St.
Cal.
Year—
Gross.
Net.
Other Inc. •Charges.
Balance.
Directors—Perclval Roberts Jr., N. Parker Shortrldgc, Ruduloh Ellis,
$792,118
$18,82 1 $759,210 sur.$81,732
Charles E. Ingcrsoll, Clement A. Grlscom, Henry C. Frick, William H. 1909......................$3,026,856
8 .................... 2,728,154
630,004
18,842 684,318
def.35,472
Barnes, Geo. Wood, C. Stuart Patterson, Effingham B. Morris. Thomas 1 9*0Includes
$160,000 (4%) Int. on incomes In 1909.— (V. 90, p. 447, 699.)
DeWltt Cuyler, Jas. McCrea, Lincoln Godfrey, John P. Green, Charles E
PEORIA & PEKIN UNION RY. — Owns Pekin to Peoria, on both sides
Pugh, Samuel Rea, John B. Thayer.— (V. 91, p. 1769; V. 92, p. 119.)
of
Illinois
River,
and yards at and opposite Peoria. Mileage main track,
PENNSYLVANIA COMPANY. — (See Maps Pennsylvania RR.)— Oper- 18.14; second main
track, 8.80; total main track, 26.94 miles. Mileage of
a *
Pennsylvanla Railroad lines west of Pitts. Owns none In fee
side
and
yard
tracks,
67.38. Capital stock, $1.000,000. Owned by Peoria
Leased by transfer from Pa. RR.;
Controlled by stock, A c.;
Miles A East. (Clev. Cln. Chic. A St. L. system). Chic. A North Western, Chlo.
Miles. Pitts. Cln. Chic. A St. L__ *1,411. 8
Peo. A St. L., 111. Central system. Lake Erie A Western and Tol. Peo. A
Plttsb. Ft. W. A Chicago___ *470.53 Cln. A Muskingum Valley__ *148.46
Massillon A Cleveland______ 12.23 Waynesburg A Washington. 28.16 West companies. Dividends 1895-1902, 6% per annum; 1903. 4 %; 1905
Erie A Pittsburgh.................. *82.97 Cln. Leb. A Northern_______ 45.44 ?%• I’ or calendar year 1909. gross, $821,717; net, $236,082. Year ending
June 30 1909, gross, $754,680; net, $443,788; Int., taxes, Ao.. $342,321Cleveland A Pittsburgh____ *205.50 Grand Rapids A Indiana___ 431.61
$101,467. In 1907-08, gross, $1,042,415; net, $291 , 580 . Pres.,
Leased directly by Pa. Co.;
Musk. Gr. Rap. A I n d ____ 36.85 baL.sur.,
II. K. Pinkney.— (V. 85, p. 577.)
Pitts. Youngs. A Ashta. R y .*137.54
Traverse City R R ............... 25.86
Toledo Wal. Val. A Ohio___ *231.20
CO.— Owns terminal road between
Cln. Rich. A Fort Wayne. *85.83
Peoria and Pekin, 111., 8 miles, over private right of way, and local lines;
Controlled by stock or otherwise:
Vandalla R R ................. ........*655 30
Cleveland A Marietta............. *103.68 Terre Haute A Peoria R R . . . 145.12 total, 21 miles; 29 V4 miles of track. 70-lb. rails. Has rights over 5 miles
Pitts. Ohio Val. A Cine......... 15.09 Clevc. Akron A Colum bus... 195.82 °* local street railway In Peoria.with privilege of transferring over 46 miles
Marginal R R ., Bcav. F., Pa.
3.53 Wheeling Terminal R y ........ ..
9.65 additional. Freight and through passenger business handled by steam.
South Chic. A Southern____
23.07 Louisville Bridge___________
2.46 Local passenger business In and between Peoria, Pekin and Crescent by
electricity. Has union depots In both Peoria and Pekin. Owns a 1 000-ft
Branches W .N .Y.A Pa. R y .. 51.52
Controlled jointly;
Youngstown A Ravenna___
2.28 Central Indiana_____________*117.58 steel drawbridge over the Illinois River. Franchise perpetual. Successor
to Peoria A Pekin Terminal Ry., foreclosed Feb. 9 1907. Stock. $1,000 000
Pitts. Chartlers A Yough___ *19.69
all owned by Chicago R. I. A Pac. and ChlcagoA Alton, which guarantee
Tol. Peoria A Western______*230.70
Total Pcnna. Co. lines__ 1,342.20 Trackage................................. 169.81 the 1st M. bonds, prin. and Int., and the 2ds as to prin. only. Form, V '85
p. 161. For year ending June 30 1909, gross, $158,049;j oper. Inc. (after
* See this company.
taxes), $1,863; Int. charges, $46,174; bal., def., $44,311. Pres.. WAT llrTotal of all lines.............-.5,102.35
win;
V.-P.A Sco., T. A. Grier; V .-P .A Treas., E. A. Burrlll.— (V. 91, p.215.)
ORGANIZATION.—Chartered In Penna. April 7 1870. Its $80,000,000
PERE MARQUETTE.RR.— (See M ap.)- -Thejroadjlncludcs:
stock s owned by the Pennsylvania Railroad. On Dec. 31 ’09 the Penn. Co.
Lines
owned—
'
Miles.
sundry stocks and Ijonds having value per balance sheet of $173,
Miles.
Alexis (near Toledo) to LudlngTrackage—
781,951; and yielding In 1909 Income of $10,671,710. V. 84, p. 928.
ton,
on
Lake
Michigan________
387 St. Thomas, Ont., to Internat’l
DIVS.— 1 ’04. ’95-’00. ’01. '02. ’03. ’04. ’05. ’06. ’07. '08. ’09. 1910.
Plymouth
to
Bay
View,
Mich__
412
Bridge and Niagara. N. Y _____ 132
Per cent— f 4 None.
3
3
4
5
5
6
7
7
8
7
Porter, Ind., to Gr. Rap.. Mich..164 London A Port Stanley______ . . 24
p I1n76J9ftn' 1010’ 33 1-3 ^ lb stock; June 1910, 3% cash; Dec., 4% . V. 91, Saginaw to Port Huron, Mich____90 La Cross to Mich. State Line____34
Pt. Huron to Grindstone City___ 126 Other trackage_________________ n s
BONDS.—The gold bonds of 1921 are secured by leases of P. Ft. W. A Grand Ledge to Big Rapids, Mich. 142
Controlled—
O., the Cleve. A Plttsb. and Erie A Plttsb. railroads and of bonds and Allegan to Pentwater____________127 Lake Erie A Det. R lv______ __ .199
stocks having a par value In 1909 of $25,030,600, as well as real estate.
Sarnia to Rondeau_____________ 72 Other trackage____________ _ _ 54
Guaranteed trust certificates, “ A ,” " B .” ’ ’C” and " D " were Issued by Other lines, branches, Ao_______ 287
Girard Trust Co.. Philadelphia, as trustee, under a deed of trust made by
Total_______ ______ ________ 2,365
the Penn. Co. and the Penn. RR. Co., whereby the Penn. Co. has pledged
Operates car ferries Ludlngton to Milwaukee and Manitowoc. Of the
an equal amount at par of the 7% guar, special stock of the Plttsb. Ft. VV 2,365 miles, 34 miles, Lawton, Mich., to South Haven, are leased to the
A Chic. Ry Co
Of the $20,000,000 In series A. B and C, the sinking fund
Kalamazoo Lake Shore A Chicago Ry. for 25 years from April 15 1907
had retired $1,526,000 to Dec. 31 1909. See V. 65,
@FedFRASER