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Electric Railway
SECTION
OF THE
C
ommercial
& F
inancial
T h r o n ic l e .
Copyrighted In 1013 according to A ct of Congress. b y W I L L I A M B . D A N A C O M P A N Y , in office o f Librarian o f Congress, W ashington, D . 0 .
Vol. 98.
N E W Y O R K , JANUARY 31, 1913.
E lectric R ailway S ection .
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ELECTRIC RA IL W A YS AN D MOTOR BUSES—
COMPETITION OR CO-OPERATION.
Electric street railways in the past year suffered
from the same depressing influences which affected
the steam roads. Increasing cost of operation,
especially due to the continually growing demands
of labor, left on the average a slender margin of sur
plus earnings over fixed charges. Massachusetts,
the home of trolley lines, supported by widely spread
capital and strong banking interests, could show
barely more than a handful of companies earning
the necessary five per cent dividends upon their
stock to make their bonds eligible for saving bank
investments, as the law prescribes. The necessity
of building new trackage and subways under the
exigent demands of the public, added to rising costs
all round, imposes a burden of constantly increasing
fixed charges which makes the prospects of an
assured reasonable return to the investor for any
long period ahead anything but bright.
Lienee
has arisen the strong protest against the limitation
of the universal and fixed five-cent fare, including
transfers. The need of increased revenue for the
service employed is no less urgent in the case of the
electric than in the steam railway.
In this situation it is to be noted that the electric
railways are facing rivalry from a vigorous com
petitor in a new quarter. Within the past three
or four years, while traction roads have been making
their terms with the municipalities of great cities,
the agreements are in danger of not fitting new con
ditions of transportation brought about by the
advent of the motor bus. Municipal schemes for
No. 2536.
improving traffic in cities intent on problems crying
for solution, are complicated afresh by the considera
tion whether, after all, the electric street car is not
likely, to some extent, to be driven off the streets as
the horse-car was by the trolley.
Hardly has New York City, as was thought,
arrived at a satisfactory settlement of its long
aggravating struggle and fashioned a system in which
the city became a co-partner, with the option of
becoming the ultimate owner, of the two great
transit companies in possession of the field, than
it has been called on to decide the policy it shall
adopt in granting street franchises to motor bus
companies.
Applications have been made by four companies,
one of which, the Fifth Avenue Coach Company, is
already on the ground, while the most ambitious,
said to be well backed by responsible capitalists,
asks for traveling rights over twenty-one routes,
with a total length of seventy-five miles. It pro
poses, if it obtains permission, to place immediately
1,040 coaches on the streets of the city for a five-cent
zone (are, with an unlimited transfer that would
allow a passenger to travel from one end of the city
to the other— thirteen miles— for no more than ten
cents inclusive. This sudden turn induced New
York City to examine minutely the experience of
London and Paris, where the motor bus traffic has
made gigantic strides and attained such dimensions
as seriously to divert custom from the street railways
and subways and diminish their revenue. In Lon
don, as elsewhere, the steam railroads when they
found their city and suburban traffic declining from
the more convenient and cheaper street railways
or tram car systems, have managed, by prompt
electrification and reformed operation, to win back
their passengers. The motor bus, however, as the
New York investigators found, following on the
report of the Royal Commission on Traffic appointed
to consider the effects of the motor bus traffic on
the safety of persons in the streets and the facilities
of travel— two things inseparable in the municipal
problem— is, as a matter of fact, the common
rival of both.
The city, therefore, has to determine
before it drafts the franchises desired whether, or
how far, motor buses shall be permitted on the streets
generally in competition with the street railways,
with which it has formed a quasi-partnership.
The report of Mr. John A. McCollum, the princi
pal assistant of Mr. H. P. Nichols, Chief Engineer
of the Bureau of Franchises of the City of New York,
upon the motor bus operation in London, supple
ments and brings up to last July the evidence pre
2
ELECTRIC RAILWAYS
viously given before the Royal Commission. Last
March there were 2,980 motor buses in the regular
passenger service and they operated over 337 miles of
streets. It is almost startling to be reminded that
in 1897 there was but one motor omnibus, as against
3,190 horse omnibuses and that in November 1912
the latter had fallen to 376. The London General
Omnibus Company sold its last horse in October
1911. In 1912 the London General Omnibus Com
pany increased its vehicles fifty-five per cent and
passengers forty-seven per cent, the totals being
2,339 and 492,858,934. The average receipts per
passenger were 2.64 cents. The net profits of the
motor bus companies, according to the Commission,
were eight to ten cents per vehicle mile. The operat
ing costs were less than fifteen cents per mile, the
items being as follows: traffic expenses 4.86 cents
per bus mile; running and maintenance 4.86 cents; tires
2.64 cents; general expenses 1.26 cents; depreciation
1 cent; interest on capital .062 cents; total 14.64
cents per bus mile. The buses make a daily average
run of 100 miles. Their traffic is on good asphalt
and well maintained roads in the confines of Greater
London. On rural roads the operating cost is about
19 cents per mile. A tax imposed on petrol or
gasoline draws from the motor bus companies a sum
of $400,000, which is distributed among the Road
Boards of the Borough Councils of London and goes
to defray street improvements and the cost of the
upkeep of the roads. This road charge averages
0.22d., or 0.44 cents per bus mile, the tax being
three cents a gallon.
Excluding interest, reserve and similar fixed
charges, on a comparison of the cost of the electric
tram car in London and the motor bus, the advantage
is decidedly in favor of the bus, the estimate being
7.3d. for the motor bus, as against 11.2d. for the
electric car per mile run. It was calculated that at
the end of 1912 the 2,882 tram cars of London car
ried approximately 2,250,000 passengers, as com
pared with 1,850,000 carried in 2,810 motor buses.
The relative capacity was 78 seats in the electric
tram cars and 34 in the motor bus.
A service of three motor omnibuses a minute is
now a common provision on the principal highways
in London. There are ten vehicles per mile of
route worked. The electric tram cars, on their
side, give an average of eleven of the bigger vehicles
per street mile. The average speed of the tram car
is at least two miles an hour less than that of the
motor bus.
The rapid growth of the motor bus traffic is the
more significant in that three years ago it was
scarcely admitted in commercial and engineering
circles that the motor bus could be a profitable
successful competitor with the electric tram cars.
But the improvement in the type through the elimin
ation of the early objectionable features has been
astonishingly rapid. Simultaneously, with the im
provement of type there has been a reduction in the
cost of motor buses of 3.98d., or nearly 8 cents per
car mile. The lower running cost, its superior
mobility and greater frequency of service make the
motor bus the menacing rival it is to the electric
street railway.
In London the motor buses are
generally propelled by internal combustion engines
and petroleum spirit, the exception being 84 buses
driven by steam. The electric motor bus of the
storage battery direct-drive type with advantages
[ V o l . X C V III.
of noiseless working, absence of odor and fewer
delays on route has its day to come. But the com
mon advantages of the motor bus possessed by all
types are those which caused the directors of the
electric railways of London, after their amalgama
tion, to conclude that they had to meet a very
formidable competition. It was this prospect that
led the Speyer syndicate to acquire the property of
the London General Omnibus Company and of the
other omnibus companies then existing.
The reports that have been described show that
Europe is far in advance of America in omnibus
transportation, but it is not yet much known how
vigorous a movement has recently starte'd up all
over the country. A rough census of motor buses
in the United States accounts for 775 concerns and
individuals operating 1,500 buses, this equipment
meaning an investment of approximately $4,500,000.
There are already street bus lines in Indianapolis,
Chicago, Pittsburgh, Huntington (Ohio),Cleveland,
Kansas City, Schenectady and other cities. Some
that owe their existence almost to accident, the
buses being used originally as a mere makeshift or
temporary substitute for the ordinary trackage cars,
have been found so useful and profitable that they
have become part of the established order of things.
The Brooklyn Rapid Transit Company gained per
mission of the Public Service Commission to use a
bus service to make a connection while one of its
routes was closed, owing to reconstruction. The
experience may lead to considerable use for transit
lines which end abruptly and whose lateral extension
is restricted by property owners and prohibitive
cost of construction. There are now 16 railway
companies in the United States using motor buses,
while others are contemplating using them as auxil
iary or subsidiary lines.
At Philadelphia a new issue has been injected into
the comprehensive scheme designed for the city’s
transit reformation. It is now realized that city
planning for the future should provide for the use
of motor bus services in residential districts and in
cross-town streets that need not be burdened with
tracks. Pittsburgh has been found a favorable
area, and in several instances equipments are being
doubled to meet the popular demand that has sprung
up almost over night. In the interurban field the
Impetus is not less marked, places like Albany, New
York, sending out radiating lines to neighboring
towns, while the Pennsylvania coal regions, New
Jersey and New England, are rapidly developing
similar services.
The real birth of the motor bus in the United
States may thus be said, though little noticed, to have
been the significant event of the transportation year
of 1913. The motor bus is only in its first stage of
infancy, but shows such promising sturdiness as to
warrant the question whether the electric railways
may not find co-operation more advantageous than
competition in facing a new condition that has arisen
from its incursion. It is fairly computed that some
$5,000,000,000 has been invested in electric street
railways in the United States. Bankers are scan
ning the situation with its possibilities no less keenly
than the managers and operating officials of the
electric railways themselves. It will not be long
before the issue is presented sharply in many cases
whether the motor bus should be treated as a friend
or as a foe.
J a n ., 1914. |
ELECTRIC RAILWAYS
RECENT ELECTRIC LOCOMOTIV E
CONSTRUCTION.
3
current and the Canadian Pacific has similarly
decided to electrify its Rossland Division on the same
system and employ four 92-ton locomotives for the
The building of electric locomotives is still re service.
stricted within limits imposed by the system of cur
While attention has been mainly concentrated on
rent transmission on the lines for which the engines such powerful units already employed or being con
are to be used. Engineers in making their choice structed for the big “ common carriers,” the remark
between these systems and in designing heavier and able increase in the use of electric locomotives for
industrial, mining, dock, canal and similar purposes
more powerful locomotives for high-speed passenger has generally escaped notice. No complete official
trains and for haulage of freight over severe mountain census has been made, nor, indeed, has it been
grades have many considerations to take into account possible so far for any comprehensive set of figures
other than the simple comparison of weight and to be collected and collated. It is, however, accep
maintenance that may be drawn between engines ted in authoritative quarters, basing the estimate on
constructed to suit one or other of the rival systems authentic information, that there are at least 12,000
electric locomotives used on private or semi-public
of current transmission.
trackage for the use of mining, industrial and similar
The advantages of greater simplicity in one type
plants requiring yard and local transportation facili
of locomotive may be offset in the greater expense of ties. These units range in power capacity from 15 to
coal used in raising the energy at the power house. 20 horse-power and in weight from a few tons up to
Locomotives, however, used on systems of both the biggest size of 80 tons. They are, of course, used
direct current and single-phase, installations have been by common carriers, of which there are now sixtyrunning continuously so satisfactorily that arguments eight employing such small locomotives for subsidiary
work.
as to their comparative merits fall somewhat flat.
The manufacture is not confined to one or two big
So well were the locomotives of the original corporations, but is offering attractive inducements
designs tested out as to their capacity and reliability to several plants in various parts of the country that
before being put into service that few defects— and are turning out the locomotives in numbers up to
those only of a minor character— have subsequently the full capacity of their plant. Operated on a low
required remedy. Many locomotives weighing forty voltage transmission system, their cost compares
to sixty tons total have given long years of satisfac well with that of steam locomotives, as, after the
original investment, the saving in the matters of
tory service. It is not unusual to find them accom crew’s wages, repairs, better readiness for action
plishing 25,000 miles of service to one detention. and longer employment and more economical main
While this is true of locomotives designed simply for tenance gives them a superiority on the average.
the direct and for the alternate-current motor, similar Collateral advantages, such as their greater efficiency
satisfactory results have been shown by the combined in cold weather, an independence of water and fuel,
alternating-current direct-current locomotives neces and stronger hauling power on grades, often more
sitated by the double system over which the New than compensate for the initial cost of generators,
transmission apparatus and sub-stations. In the
Haven trains are operated. The new rolling stock near future terminal freight transportation is bound
ordered in 1913, in addition to new improved engines to undergo a transformation through the application
of the same types, has a new type of locomotive, the of electricity in locomotives, telpherage, elevators
so-called split-phase locomotive, designed specially and motor trucks.
Great development may be expected in the use of
for the Norfolk & Western Ry. These locomotives,
24 of which have been ordered of 135 tons weight electric power in freight and assembly yards and for
similar switching service in and around industrial
and 11,000 voltage, will supersede some of the most
plants. The switching service, owing to its inherent
powerful Mallet steam locomotives of the world requirements, has always presented the most diffi
and haul 3,250-ton trains at 14 miles per hour in cult problems for the operating electric engineer.
stead of 7, thus doubling the capacity of the mountain But improvements in the control equipments and
division of the road. The electric zone of the New the slow-speed electric locomotive is producing an
Haven system now calls for 100 electric locomotives, excellent type of engine which will doubtless prove
beneficial to the various belt lines joining freight
embracing switcher, freight and passenger services.
terminals in cities or in linking up water-front
The Pennsylvania Railroad’s 000-volt locomotives wharves with trunk-line systems.
in their second year’s operation established higher
records than in the initial twelve months of the
service. But with the increase in the potential
voltage to 2,400 volts and the building of turbo
The official party of the Midland Railway Com
generators in units of 35,000 kilowatts a correspond
ing increase in the size and power of locomotives pany which, under Sir Guy Granet, has recently
made a tour of inspection of the installations of trunk
seems a certain accompaniment.
line electrification, probably quitted these shores
Last year showed no great step forward in output,
with mixed impressions. The great English railroad
chiefly because of financial reasons, as the number has decided to embark on a policy of changing its
of electric locomotives ordered was only 68, as motive power from steam to electricity, following its
against 65 in the preceding year; but the engines compeer, the London Northwestern.
now building include several of the larger type.
The latter system within three months will have
The New York Central has ordered 16 high-speed electric trains running on its suburban division be
engines for terminal service out of New York City, tween Willesden and Earl’s Court, London, which is
10 of which weigh a hundred tons each and develop the first section of the company’s electrification
1,460 horse-power continuously. They will op scheme to be completed, the new rolling stock being
erate 800-ton trains on the local branch at 65 miles ready for delivery in a few months’ time. The
per hour. The other six, which are of 110 tons, will Midland, wishing to proceed cautiously, sent its
operate 1,200-ton trains on the level straight track manager and engineers to compare the electric sys
at 57 miles per hour. The Canadian Northern R y., tems that for several years have been in operation
for its electrification of the tunnel and terminal here, but whatever the conclusions are which they
entering Montreal, will employ seven locomotives have arrived at in their minds, their judgment must
of 83 tons weight operated on the 2,400-volt direct- have been seriously disturbed by the sharp contro
THE CONTEST OF THE ELECTRIFICATION
SYSTEMS.
4
ELECTRIC RAILWAYS
versyTover the rival alternating current and direct
current systems, that broke out afresh just on the
eve of their departure.
•
The Midland men found the foremost exponents
of trunk-line electrification in America still ranged
in'opposite camps, though apparently in the frame
of mind of the man who is convinced against his will,
even though brought to the point of admitting that
the other system may have some merit. The loud
assertions of the champions of one or the other side
have not allowed the quieter suggestion that each
may be best suited for its own particular sphere to
get much of a hearing. What the Midland’s au
thorities will have to consider are the exigencies of
their traffic for trackage space in and out of London,
not only for the suburban passenger traffic out of
St. Pancras northwards, but round the denselypopulated East End of London, down the north bank
of the Thames along the Tilbury and Southend line,
which has been absorbed by the Midland. This sub
sidiary opens up a dock freight as well as a passen
ger transportation problem to be met, and, further,
gives the Midland a through line of its own from the
great coal fields of the Midlands and of Derbyshire to
tidewater on the Thames, whence shipping can be
expeditiously made to the Continent. It must be
remembered that the Midland is a coal road by tra
dition, its first incorporators having been colliery
owners, who formed a company at a meeting near
Ilkeston, in Derbyshire, needing a railway for the
shipping of their coal.
In the shorter distances to be traversed and the
much smaller territory to be covered in England,
compared with the greater mileage and spaciousness
of the American railroads, the Midland, like other
of the trunk lines in the North of England industrial
districts, may find the direct current system and the
third rail installation more advantageous, all things
considered, than the single phase overhead current
installation.
On the other hand, the general practice of the Euro
pean Continental electrical engineers, divergent as it
is from the American, will weigh strongly in the bal
ance when the decision has to be made. It is well
known that M r. Philip Dawson, in his application
of the alternating current single phase system to the
electrification of the London Brighton & South Coast
Railway was strongly imbued with its merits from
the personal training he had himself received on the
Continent and his practical acquaintance with its
operation under the first exponents of the system in
Germany and elsewhere. The confidential data of
the actual operation of that part of the company’s
line electrified in and near London during the past
two or three years show the most satisfactory re
sults, and on this the directors have been encouraged
to give their chief engineer the authority to proceed
to electrify the rest of the main line to Brighton.
The distance, however, is no more than fifty miles,
easily accomplished in an hour’s run under the pres
ent steam service, and no just comparison can be
made in relation to American distances to be covered,
necessitating the transmission of electric power at
high potentials over a vastly disproportionate length
and heavier grades. When the system is carried out
to its full extent, Brighton will be made a suburb
of the English metropolis even more fully than it is
to-day. The electric express non-stop trains will
give a sufficiently fast express service between the
two terminals, corresponding to that of the best
instances of the interurban railroads either in the
United States or Europe, without a change being
required from the single phase to direct current,
even if it should become accepted that the direct cur
rent system has per se the greater merit.
In Germany last year there were signs of a disposi
tion to use the direct current system to a greater
extent than has heretofore been the case, but the
fact remains, as Mr. George Gibbs pointed out, after
his visit to Europe last year and consultation with
[ V o l . X C V II I.
the principal electric consulting engineers in London,
Berlin and Paris, that on the Continent generally
there is no question that the single phase remains in
the ascendant. The great cause of differentiation
between the Continental and American preference
(if it be granted that the preponderance in this coun
try is in favor of the direct current) is that in Europe
the electric railway engineers in their construction are
following the same principles as their steam prede
cessors. Compared with American standards, both
line and equipment are much lighter and smaller.
For the work required to be done under prevailing
conditions, no damaging criticism can be passed on
their efficiency and success. Nor can it be said that
there is any undue preference for the system that
took the lead from the start. The Dessau-Bitterfeld
line has been used especially for trying out improved
types of line and locomotives. The general agree
ment on the single phase system in Germany as sup
ported by the chief manufacturers, the SiemensSchuckert and the Allegeneine companies, is much
the same in Austria and Switzerland. The single
phase system is considered the proper one for heavy
work, although the manufacturers are equally ready
to build high-tension direct current equipment
for lines of interurban character. The chief elec
tric locomotive engineer of the Prussian State Rail
ways, Herr Wittfcld, considers that the end of loco
motive troubles is in sight and that a satisfactory
working standard in engines has been established with
the elimination of certain initial defects.
When it comes to the question of comparative costs
it is easy to form wrong conclusions from the various
sets of figures given recording the cost per mile run
by locomotives of this or that road when such sta
tistics are complicated with the overhead and fixed
charges thrown upon operation by heavy terminal
expenses and interest on the original outlay for in
stallation or conversion.
In physical valuation of the railway properties,
which it is evident is soon to be universally required
by Federal and State legislation that has estab
lished the Inter-State Commerce Commission and
State public utility commissions, there is a danger
that the electrification estimates may be called upon
to bear a burden from which they should in equity be
free. Take the question, for instance, of the cost
of the commuter service of the trunk lines, which
many of the trunk steam roads declare is the least
profitable part of their passenger operation. If ex
cessive cost of city terminals be set apart, a far dif
ferent complexion might be put upon the commuter
operation.
But the direct current’s realization of the hopes
of its advocates can be matched with equally credit
able results and developments of the alternating
current. Indeed, the manner in which both sys
tems have answered the anticipations of their
designers is a remarkable tribute to the engineers
who have entered upon a new field where there was
little or no experience to draw upon. A mistake here
or there has occurred, and now and then a miscal
culation has been made, but there has been nothing
like a total failure, and no special financial disap
pointment arising from mistaken engineering. Where
a fault has developed or an error been made, as in
the case of the electric locomotives designed to tow
the ships through the Panama Canal, the difficulty
has been remedied or some modification effected by
the engineers which has vindicated them. Whether
the alternating or direct current system ultimately
becomes supreme, the controversy over their re
spective merits will not retard the progress of elec
trification for long. What will be a more serious
hindrance will be the reluctance of capital to engage
in the electric railway investment field if the increas
ing cost of operation, the growing demands of labor
and the excessive control exercised by political par
tisan commissions discourage the use of capital in the
electric railway field.
Electric R ailways.
SECURITIES AND REPORTS
This is ono of our six Sections or Supplements. In using the series it is to be remembered that they are inter-dependent
publications, complete only as a whole. If utilized together, and with the fresh items of news the “ Chronicle” contains from
week to week, the investor will have all tho information ho needs in seeking a safe and remunerative lodgment for his money.
The terms and abbreviations employed in this S U P P L E M E N T are explained in the following:
"STOCK AND BONDS.” — Under these words aro shown—
"ST O C K ."— Tho amount of stock authorized immediately follows the word "stock,” and against this is the par value of single shares. For example,
"Stock, $200,000 ($100),” moans stock, total issue authorized by charter or by Act of Legislature, $200,000, divided into shares of $100 each; “ f. p .”
following tho amount given as outstanding means “ full paid.
,
,
,
,, .
“ Prof.” means “ preferred stock.” " l ’ ref. 6 % cum. means preferred stock ontitlod to dividends of 6 % per annum, such dividends if not paid
accumulating, all dividends duo and unpaid to bo paid in full for each and every year before tho common stock receives anything. "Pref. 6 % non
cam ." means simply that the stock is entitled to 6 % per annum if earned, but that if unearned in any year the dividend for that year will not bo paid
subsequently.
t
. ,,
,,
“ BONDS.”— “ M ort.” or “ AX.” moans mortgage.
Consol, or con. M . means consolidated mortgage. “ Gen. AI.” means general mortgage.
The amount noxt following is tho total authorized amount that can bo issued under tho mortgage. The word "gold” is usually spelled out, but in some
instances is contracted to " g ,” while “ cur. means currency.
„ ,,
“ Conv.” moans convertible into stock.
S. t. means sinking tuna.
c. means coupon; “ c* means coupon but may bo registered as to prin
cipal; “ r” means fully registered (no coupons); r* means registered, convertible into coupon bonds; “ c*&r*” means registerablo in either form and
convertible from registered to coupon or tho reverse; and c*&r means that registered certificates without coupons as well as coupon bonds are
outstanding. The letters “ p. m. mean per mile, so $15,000 p. m. moans that the issue of bonds is restricted to $15,000 for each mile of track. “ Guar.”
means guaranteed, and “ guar. p. & i. (end.) means guaranteed as to principal and interest, the guaranty being endorsed on each bond.
T A X - E X E M P T I O N . — W here there is a p ro v is io n in b o n d o r m o rtg a g e w h ic h w o u ld seem t o m a k e th e in terest fre e fro m th o F ed eral in c o m e tax*
oral tax clauses In the bonds and mortgages, it is impossible to give more definito information.
“ D A T E .” — Tho date of issue on tho face of tho bonds Is indicated under the word “ date."
“ IN TER E ST.” — Under this heading is given tho rate per cent yearly of the interest payable on the bonds or (if guaranteed) of the dividend pay
able on tho stock; also tho months when tho interest or dividend is payable; thus “ 6 J-J” moans 6 % por annum payable January and July; correspond
ingly “ F-A” is used to mean February and August; "M -S ' means March and September, and so on; whilo “ Q-J” means quarterly beginning in January
and “ Q-F" quarterly beginning in February. (Tho day when tho interest payment is due can generally bo determined by noticing when tho loans
mature, tho day of the month there given being in most cases tho samo as for ono of tho interest dates).
“ ROAD.” — Tho word “ track” means in street railway parlance all track, whether main line, siding, switch or second track. "Rails are 80-Ib.
girder” means that each rail weighs 80 pounds to tho yard.
A full Index showing where each railway will be found is given in tho closing pages of the book.
REPORT.— For calendar yoars.
A K R O N , O H IO .
N O R T H E R N O H I O T R A C . & LIC 1H T C O .— T r o lle y (See M a p , p . 6 ) .
O R G A N I Z A T I O N .— I n c o r p . in O h io as su cce sso r in N o v . 1902 t o th o
N orth ern O h io T r a c tio n C o ., h a v in g e xch a n g ed its secu rities fo r th o c o m
m o n an d p rof, s tock o f th e latter p er term s in V . 7 5 , p . 73 3 . S h o rte st o f
c o m p a n y ’s franchises (th a t in A k ro n ) expires in 1924; o f to ta l fra n ch ises
4 0 % are p erp etu a l. In 1906 a cq u ire d c o n tr o l o f th o O a n to n -A k r o n C o n s o l.
I t y ., an d guaran tees th a t c o m p a n y ’s $ 2 ,5 0 0 ,0 0 0 co n s o l. 5s, prin . a n d in t .
V . 83, p . 43 5 , 849 . A lso ow n s en tire ca p ita l s to c k o f A k ro n W a d sw o rth *
W estern T r a c . C o . an d gu aran tees its b o n d s , p rin . an d in t .
In S e p t. 1907
N orth ern O h io T r a c . Jk L t . sh areholders w ere a llo w e d t o ta k e S I ,0 0 0 ,0 0 0
now s to c k a t $20 per sliaro. C o m m o n s t o c k liste d o n N . Y . S t o c k E x ch a n g e
in M a r c h 1909.
,,
.
In M a y 1912 p ref. a n d c o m m o n s to ck h o ld e rs w ero a llo w e d to s u b s crib e
a t par fo r $ 1 ,0 4 0 ,0 0 0 now p r e f. s to c k .
V . 9 4 , p . 1384, 1186, 41 7 . Share
h old ers v o te d on J a n . 24 1914 o n in crea sin g th o a u th . a m o u n t o f p re f.
s t o c k t o $ 5 ,0 0 0 ,0 0 0 for fin a n cin g fu rth er a d d itio n s , e x te n sio n s, & c.
V . 98,
p 74. S tock h old ers a p p ro v e d a ctio n o f d ire cto rs in p r o v id in g fo r th o p a y
m e n t o f F ed eral in com e ta x u p o n th e va rio u s issues o f th e c o . ’s b o n d s.
In O c t . 1912 m a d o a 5-year c o n tr a c t fo r th o ligh tin g o i th e c it y o f A k r o n .
STO C K A N D BON DS—
D a te.
Interest. O utstanding.
M a tu r ity .
S t o c k .c o m ,
$9,000,000 ($ 1 0 0 ) ------
Q-M 15
$9,000,000
Dec T 3 .144
P r e f , $ 3 ,0 0 0 ,000($100) 6 % c u m ------Q -J
2 ,8 5 0 ,0 0 0 J a n ’ 14, 144
3 0 0 ,0 0 0 S e p t 1 1 9 1 5
A k B e d & C le v 1st M .J 3 0 0 ,0001 1895 5 g M -S
( $ 1 ,0 0 0 ) ;M c o v e r s 2 7 .4 m c p tl In terest a t C e n tra l T r . C o . , N . V . , T ru ste e .
N orth ern O h io T r a c , m o r t f 1899 5 g J-J
2 ,7 0 0 ,0 0 0 J u ly 1 1 9 1 9
g , $ 3 ,0 0 0 ,0 0 0 ($ l ,0 0 0 ) c * c p t { In terest a t C e n tra l T r u s t C o ., N . Y . , T r u s te e ,
1 o r C itize n s ’ S a v . & T r u s t C o ., C le v e la n d .
N orth ern O h io T r a c tio n &
1903 4& 5 g J-J
3 ,1 0 0 ,0 0 0 Jan
11933
L ig h t 1st con sol ($ 1 ,0 0 0 ),! In t. a t O it . S a v . & T r . C o . , C lo v e ., T r u s te e ,
g o ld , $ 7 ,5 0 0 ,0 0 0 ___ c * . c p t l
or a t F irst N a t . B a n k , N e w Y o r k .
A k W a d s & W est m o r tg a g e ,! 1906
5 g
S eo t e x t J u ly 1 1933
$ 5 0 0 ,0 0 0 g u a r ( $ l , 0 0 0 ) . c p t l
Northern Ohio Trac & Lt col f 1913
6 Q-F
1,500,000
Seo text
trust mortgage, $1,500,0001 Int. at Cit. Sav. & Trust C o., Cleveland.
($1,000)
________ c - c p t l
T ru s te e , o r First N a t . B a n k , N e w Y o r k .
Stock.— P ref. is r e d ., a ll o r p a r t, a t 110 a n d d i v ., o n a n y d iv . d a te a fter
A p ril 1 1919.
Is p re f. as t o d iv . an d assets an d has fu ll v o t in g po w e r
V . 9 2 , p . 950; V . 9 5 , p. 48; V . 97, p. 1116.
B on ds.— O f th o $ 3 ,0 0 0 ,0 0 0 N o rth o rn O h io T r a c tio n b o n d s , $ 3 0 0 ,0 0 0 aro
reserved to rctiro th o A k . B e d . & C le v . g e n . m tg o . o f 1895.
B o n d s listed
on P h ilad elp h ia S to c k E x ch a n g e in O ct. 1901. O f th o $ 7 ,5 0 0 ,0 0 0 N o rth e rn
O h io T r a c tio n & L ig h t c o n s o ls., $ 3 ,0 0 0 ,0 0 0 a ro reserved to re tiro th o N o rth
O h io T r a c tio n b on d s and $ 1 ,1 0 0 ,0 0 0 aro d e p o s ite d u nd er c o ll. tr. 6 s.;
$ 1 ,0 0 0 ,0 0 0 aro 5s, all o u tsta n d in g ; th e rest 4s.
I h o c o l tru st m o rtg a g o
or 1913 is secu red b y d e p o s it o f $ 1 ,1 0 0 ,0 0 0 N o r . O h io l r a c . & L t . 4s o f 1933,
$ 1 ,0 0 0 ,0 0 0 O a n ton -A k ro n co n s o l. 5s o f 1933 a n d $20 0 ,0 0 0 A k ro n W a d s. &
W est 5s
T h e se b on d s m atu ro in ann ual in sta llm en ts, $ 1 0 0,00 0 y e a r ly , on
N o v . 1 1914 to 1916 an d .8100,000 s em i-an n u ally N o v . 1 1916 t o N o v . 1 1922
S u b je c t to call at 101 and in t. in in verso ord e r o f n u m bers.
V . 97, p . 803 .
O A N T O N -A K R O N C O N S O L ID A T E D R A I L W A Y .
STO C K AN D BON DS—
D ale.
Interest. O utstanding.
M a tu r ity .
C o n s o l M $ 2 ,5 0 0 ,0 0 0 , g o l d ,/ 1906
5 g J-J
a $ 2 ,0 5 2 ,0 0 0 Jan
1 1933
gu a r p & i b y N o rth O h io ! In t. a t C itizen s S a v . & T r u s t C o . , C le v e la n d ,
T r a c & L igh t ( $ l,0 0 0 )c * c p t
T r u s te e , o r First N a t . B a n k , N e w Y o r k .
to n -A k ro n 1st m o r tg a g o ,! 1902
5 g M -S
1,1 5 0 ,0 0 0 M a r 1 1 9 2 2
$2 000 000 g ( $ l , 0 0 0 ) c * c p t l In t. at K n ic k e r b o c k e r T r . C o . , N . Y . , T ru s te e
C a n to n -M a s s illo n 1st m o r tf 1900
5 g M -N
8 5 0 ,0 0 0 M a y 1 1920
$ 1 ,0 0 0 ,0 0 0 , g ( $ l , 0 0 0 ) . c p t ! Interest a t C le v e la n d T r u s t C o . , T r u s te o , o r
I a t S tan d ard T r u s t C o . , N e w Y o r k .
1st M Can & N P , $ 1 ,0 0 0 ,0 0 0 / 1903 , 5 g TF -A
5 6 5 ,0 0 0 F e b 1 1 9 2 3
Id ($1,000) ____c*.cpti Int. at Am. Ln. & Tr. C o., Boston, Trusteo.
g old
6 g J-D
100,000 Juno 1 1916
T u s ^ IRR 1st M , $100,000/ 1896
C an
500), gold
...............cp tll nt. at Clove. Tr. C o., Clevo., O., Trustee.
Lairo V L & I m o r t g a g o .- c p t
-------
5 J-J
51,0 0 0
See te x t
a O f this a m o u n t ,$ 1 ,0 0 0 ,0 0 0 aro p ledged u n d e r N . O . T . & L . c o l l . trust
mtB onds.— O f tho $ 2 ,5 0 0 ,0 0 0 co n s o l, b o n d s, $10 0 ,0 0 0 aro re served to retire
th o T u sca ra w a s R R . 6s and $34 8 ,0 0 0 aro reserved fo r e x t. an d im p ts . a t
8 5 % o f c o s t . 8 . R eed A n th o n y , B o s to n , Is also tru stee. V . 9 1 , p . 1628,
1765. O f th e $ 2 ,0 0 0 ,0 0 0 C a n to n -A k r o n 1st m t g s ., $85 0 ,0 0 0 aro reserved
to retiro th o C a n to n -M a s s illo n b o n d s. N e ith e r issu o is s u b je c t to ca ll.
T h e C a n to n -N e w P h ila d e lp h ia b o n d s m a y b e ca lle d as a w h o le a t 105 an d
in t. o n 3 m o n th s ’ n o tice . T h o L a k e V iew L . & I . b o n d s m a tu re $ 2 ,0 0 0
a n n u a lly to 1916, w hen w h o le issuo falls d u e .
D ividends.— l ’ref. s to c k w as issued in 1911 an d d iv id e n d s o f 1 4 4 % q u a r.
a ro regu larly p a id . D iv id e n d s on c o m . w ere begun in 1906 b y th o de cla ra
tion o f 2 % , p a y a b lo In q u a rte rly installm ents o f 44% fro m Ju n o 15 1906.
V . 8 2 , P- 1213. In 1907 2 % w as again d e cla re d , p a y a b lo in q u a rte rly in
stallm en ts fro m Ju n o 15 1907. In 1908, Ju n e, > 3 % . R a to then red u cod
an d d ecla red S ep t. M % ; D e c ., 4 4 % .
In 1909, M a r ., 4 4 % .
R a te then
again in crea sed , and d ecla red J u n o , 4 4 % ; S e p t., 4 6 % ; D e c ., 4 4 % .
In 1910,
244% .
In 1911, 3 4 4 % .
In 1912. 4 4 4 % . In 1013, M a r ., 1 4 4 % ; du n e,
1 4 4 % ; S e p t ., 1 4 4 % ; D e c ., 1 H % .
P L A N T .— L in o exten ds fro m C le v e la n d th ro u gh A k ro n , C a n t o n , M a s
sillon anil N e w P h ilad elp h ia to U h rich svillo in T u sca ra w a s C o u n t y , w ith
b ra n ch es to R a ven n a (v ia K e n t ), to W a d sw orth (v ia B a rb e rto n ) an d t o
E a st G ro o n v llle rronv M a ssillo n . O n J a n . 1 1914, o p e ra te d 233 .2 2 m iles
o f tr a c k . O w n s L a k esid e Bark in A k ro n an d M e y e rs L a k e B ark in C a n to n .
A ls o ow n s 1 .O il acres o f co a l lan d in N o b le C o u n t y .
R a lls, 50, 56, 70
an d 8 0 -lb . T and 7 3 -lb . girder; sta n d a rd -g a u g e ; o p e ra te s 340 cars a n d
7 s n o w -p lo w s and sw eep ers. E m b ra ce s e le ctric-lig h t syste m s o f A k ro n
and B a rb e rto n .
G ross.
N et(.a fteiT ax.) Charges.
S u rp lu s.
1913 (233.22 miles of track).$3,284,533 $1,264,879 $561,816 $703,063
523.068
1912 (216.47 miles of track). 2,996,037
1,293,271
~
778,203
531,032
670,466
1911 (215.76 miles of track). 2,694,024
1,201,498
521.069
567,394
1910 (215.20 miles of track). 2,437,426
1,088,463
463,519
524,066
1909 (214.88 miles of track). 2,177,642
987,585
Out of the $770,203 surplus for 1912, dividends of $382,500 (444 %) on
com. and $49,930 (3% , representing 144% paid Oct. 1912 and 114% Jan.
1913) on pref. stock wore paid, leaving $337,774. Dividend on pref
shares prior to Oct. 1912 were charged to capital account as now power
house and car barns were iunder construction.
OFFICERS.— Pres., II. A. Everett. Willoughby, O.; V.-Ps., E . W.
Moore, Cleveland, and Will Christy, Akron; V.-P. & Gen. M gr., Chas.
Currie, Akron; Treas., J. R. Nutt, Cleveland; Sec., O. F. Moore, Akron;
And., C. II. Lahr, Akron. General offices, Akron.— V. 95, p. 58, 481,
1473, 1542; V. 96, p. 355, 1365; V. 97, p. 176, 803, 1025, 1116; V. 98. p. 74.
A L B A N Y , N. Y .
U N IT E D T R A C T IO N .— A trolley road.
Entire stock is owned by Tho Delaware & Iludson Co. V. 81, p. 1552;
V. 82, p. 160. The D. & II. also owns the Troy & New England and the
Plattsburgh Traction, and a half interest in the Schonectady R y., the
Now York State Railways owning tho other half.
ORGANIZATION.— Chartered Dec. 30 1899 as a consolidation of the
Albany Ry. (chartered in 1863), the Watervliet Turnpike & R R . (char
tered in 1x28) and the Troy City Ity. (chartered Jan. 31 1866). See V. 69 ,
p. 1147, 1300; V. 70, p. 77. Has contract with Iludson River Electric C o.
of Albany for supply of power. V. 69, p. 541, 909. F ranchises In Troy
and Albany, except that of the Capitol Ry. on Delaware Ave. (a short line
on the outskirts of Albany), which expires Aug. 8 1951, aro perpetual.
V. 79, p. 2698. Has traffic agreements with Albany Southern R R ., Schen
ectady Ry. and Hudson Valley R y., by which cars of the first two roads
aro run Into Albany and cars of tho Schenectady R y. and Hudson Valley
Ry. are run into Troy.
Tho Cohoes City Ry. was sold at foreclosure in 1904 and reorganized as
Cohoes Ry. C o., with $120,000 stock and $84,000 bonds; all of the stock
and bonds of the new company are deposited with tho Central Trust Co. of
Now York as security for bonds of the Albany Ry.
A cqu isition o f Ilu d so n Valley. — In Dec. 1906 acquired a majority of the
stock and bonds of the Hudson Valley Ry. Co. and increased its own stock
from $5,000,000 to $12,500,000 to finance the purchase. V. 84, p. 52.
STOCK AND BONDS—
D a le .
Interest. O utstanding. Last d i v .,A c .
Stock (par $100), $12,500,000...........
4 J -J ___ _$12,5Q0,000 July ’ 13,2%
444 g M -N
4 5 6 ,0 0 0 M a y 1 1 9 l9
Debentures $450,000, gold 1901
( $ 1, 000 )
I n t. a t N a tio n a l C o m m e rcia l B a n k , A lb a n y .
444 g J -D
2 ,5 8 8 ,0 0 0 Ju n e 1 2004
Cons mtgo, $6,500,000, gold 190-1
.. .,000). ............................c
______ ______ */, I n t . a t C en tral T r u s t C o . , N . Y . , T r u s te e .
($1
Bonds.— O f th o co n s o l, m tg e . o f 1904, $ 3 ,9 1 2 ,0 0 0 is reserved t o retire prior
lien s. N o s k . fd . an d b o n d s are n o t s u b j. t o ca ll.
D ire cto rs m a y fix ra te o f
in t ., b u t n o t exce e d in g 6 % : p resen t issue is at 4 4 4 % . T h e d e b s , m a y b e
ca lled o n a n y in t. d a te on 3 m o s .’ n o tice a t “ a 5 % in t. ra te fo r th e un ex
p ire d term as ca lcu la te d in stan d ard in t. ta b le s .”
V . 7 3 , p . 1113.
S E C U R IT IE S O F A L B A N Y R A IL W A Y .
STOCK AN D BON DS—
D a le.
Interest. O utstanding.
M a tu rity .
F ifth m o r t g a g e ................... 1888
5 M -S
$ 3 2 ,0 0 0 S e p t 1 1913
C o n s o l M ($ 5 0 0 ,0 0 0 ).
g o ld ! 1890 5 g J-J
4 2 8 ,0 0 0 Jan 1 1930
($ 1 ,0 0 0 )___ ______ _______ c* Interest a t C e n tra l T r u s t C o ., N e w Y o r k .
G en eral m o rtg a g e , $750,000,1 1897 5 g J -D
4 9 6 ,0 0 0 Ju n e 1 1947
g o ld _________________________ /C e n tr a l T r u s t C o . , N e w Y o r k , T r u s te o .
Leased L in e Securities—
W at T & R R —
1 1889
6 M -N
3 5 0 .0 0 0 M a y 1 1919
1st M in t g u a r _____________ /B o s t o n S afe D e p . & T r . C o . , B o s t o n , T ru s tee
2 d M , p & in t g u a r............ . ) 1890
6 M -N
150.000 M a y 1 1919
(M e t r o p o lita n T r u s t C o . , N . Y . , T r u s te e .
T h o A lb a n y R y . general m o r tg a g e o f 1897 w as fo r $ 7 5 0 ,0 0 0 , o f w hich
$25 4,00 0 was reserved , b u t co n s o lid a tio n m a d o re serva tion in o p e ra tiv e .
S E C U R IT IE S O F T R O Y C I T Y R A IL W A Y .
D a le.
In terest. Outstanding.
M a tu rity .
T r o y C it y 1st co n M ,
g o ld .l 1892 5 g A -O
S 2 ,000 ,0 0 0 O ct 1 1942
$ 2 ,0 0 0 ,0 0 0 ____________ c * & r /I n t . paid b y T r u s te e , C en tral T r u s t C o . , N . Y .
T h o T r o y C it y leased ro a d s in clu d e T r o y & C o h o e s , s to c k $ 5 0 ,0 0 0 , d iv a ,
u n d er lease, 7 % ; L a n sin g bu rg & C o h o e s , s to c k , $15 ,000 : d iv s . u n d er lease,
7 % . T h o W a te rfo rd & C o h o e s R R . $ 2 5 ,0 0 0 s to c k rece ive s 7 % y e a rly
u nd er lease.
„
,
■
_____
a* D I V I D E N D S .— F ir s t q u a r . d i v ., 1 M % , w as paid M a y 1 1900; sam e r a te
c o n tin u e d u p t o an d incl J u ly 1905. F o r y ear 1906 5 4 4 % w as p a id . O n
D e c . 31 1906 s to c k w as increased fro m $ 5 ,0 0 0 ,0 0 0 t o $ 1 2 ,5 0 0 ,0 0 0 an d d ivs.
m a d o sem i-ann ual (J -J ) an d 24-4% p aid J u ly 1 1907, 2 4 4 % J a n . 1 1908
a n d 2 % each six m o n th s sin ce t o an d in cl. J u ly 1913. ,.4 .r-.1 -a '< R O A D .— O perates 102.42 m iles o f t r a c k , o f w h ich 84.0 3 m iles o w n e d ,
c o n n e ctin g A lb a n y , T r o y , C o h o e s , R en sselaer, W a te r v lie t, L a n sin g b u rg ,
G reen Isla n d, W a te r fo r d , & c.
lia s 448 cars, in clu d in g 15 sn o w -p lo w s , 9
sw eepers an d 12 s e rv ice ca rs. S tan d ard g a u g e .
,
Jja
A N N U A L 'R E P O R T .— Y e a rs en din g Ju n e 30:
H913.
1912.
1913.
1912.
Gross earnings$2,455,370 $2,414,907 Total net___ $1,179,079 $1,021,192
602,862
Operating exp. 1,520,649 1,618,741 Chges.& taxes 641,204
600,000
500,000
N et.................
934,721
796,165 Div. ( 4 % ) . . .
37,875 def.81.67Q
O th er income.
211,358
225.027 Ralance, surp.
6
ELECTRIC RAILW AYS
[Vol ,
X C V III
ELECTRIC RAILWAYS
J a n .. 1914.)
O F F I C E R S .— P r e s ., L . F . L o r e e . N . Y . ; V . - P . , C . S . S im s; V . - P . , W . n .
W illia m s, N . Y . ; A sst, to P r o s ., W . B . S c h o fie ld ; S e c . & A u d ., W . H . E ld er;
T r e a s ., II. F . A t h e r t o n , A lb a n y ; A c t . G e n . M g r ., Ja m es F . H a m ilto n .
P rin cip a l o ffic e . A lb a n y .— V . 8 3 , p . 1381; V . 8 4 , p . 93 2 , 1368, 1429; V . 9 2 ,
p . 1312.
(1) H u d s o n V a lle y R a il w a y .— A tr o lle y r o a d .
O R G A N I Z A T I O N .— I n c o r p . A u g . 14 1901 as a co n s o lid a tio n o f th e G len s
F a lls S a n d y H ill & F o r t E d w a rd S tre e t l t y . , W arren C o u n t y E le c tr ic I l y .,
S tillw a ter & M c c h a n lc v ille S tre e t R y . , G re e n w ich & S c h u y le rv illo S treet
R y . , S aratoga T r a c t io n C o . a n d S aratoga N o rth e r n R y . , th e c a p ita l s to c k
o f th ese road s b e in g e x ch a n g e d fo r s t o c k In th e now c o m p a n y . V . 73, P .391.
C arries freigh t an d express as w ell as passen gers. 8 0 % p r iv a to rig h t o f w a y .
Franchises are all p erp etu a l. O w ns all th e s to ck ($ 2 0 0 .0 0 0 ) an d all the bon d s
($200,0001 o f th e N o r t h R iv e r R y . , a ro a d o p e r a te d in S a ra to ga b y this c o .
In 1906 p a rt o f th e c o n s o l. 5s w e re c o n v e r te d Into d eb en tu res in a c c o r
d a n ce w ith a plan fo r th e ro -a d ju stm o n t o f th e c o m p a n y 's fin a n ce s. V . 8 2 .
p . 1040. In M a r c h 1906 au th o riz e d $ 2 ,5 0 0 ,0 0 0 p re fe rre d s to c k t o p r o v id e
fo r th e c o n v e r tib le fea tu re o f th e d e b e n tu re “ B s .”
V . 8 2 , p . 751.
STOCK A N D BO N DS—
Date.
Interest. Outstanding. Maturity.
$ 3 ,000,000
C o m m o n , $ 3 ,0 0 0 ,0 0 0 , p a r $ 1 0 0 ___
________
Soo te x t ---------------------P referred
($ 2 ,5 0 0 ,0 0 0
( s e o f ____
t e x t ), 5 % n o n -c u m u la tiv e . /
5 g J -J
2 ,2 2 2 ,0 0 0 J u ly 1 1 9 5 1
F irst co n s o lid a te d m ortg a g o r 1901
$ 4 ,0 0 0 ,0 0 0 (d e n o m in a tio n !In te r e s t a t M a n u fa ctu re rs ’ N a t . B k ., T r o y
$ 1 ,0 0 0 g o l d ) _____________ c * (M a y b o called at 110 & in t. o n a n y in t. d a te
D o b ‘ ‘A ” I n c o m e . $ 7 0 0 ,0 0 0 -1906
5 g
4 74 ,000 Jan
1 1951
D e b " B ” In c o m e . $ 2 ,5 0 0 ,0 0 0 . 1906
2 g
2 ,5 0 0 ,0 0 0 Jan
1 1951
G
P S H W m o o p t ) ) 1891 ,
6 J -J
100,000
See text
($500 and SI 000) g o ld ___ c /C e n t r a l T r u s t C o ., N e w Y o r k , T ru stee.
do
2 d m ’ ($ 500) g o l d l c
1893
6 J -J
5 0 .0 0 0 J u ly 1 1913
l i n t , a t M e rch a n ts N a t . B a n k , G lens F alls,
do
3 d M ( $ 1 5 0 , 0 0 0 ) - - - / 1901
6 A -O ^ . . .
8 2 ,0 0 0 A p ril 1 1921
|M ay b e called at 100.
Still & M o c h firs t m o r tg a g o - - I 1893
6 A -O
4 7 ,5 0 0 A p ril 1 1913
|Bankers T r u s t C o . , N e w Y o r k , T ru ste e .
do
do
c o n s o l m t g o . . \ 1898
6 A -O
2 0 2 ,5 0 0 A p ril 1 1913
$ 2 5 0 ,0 0 0 ____________________/G le n s F alls T r u s t C o . , G le n s F a lls, T ru ste e .
Bonds.— O f th e $4,0 0 0 ,0 0 0 M . o f 1901, $ 4 8 2,00 0 Is set aside fo r p rior Hens
and $ 1 ,2 9 0 ,0 0 0 h a v o been d ep o site d as c o ll, fo r te m p o ra ry lo a n s. T h e d e b .
" B " b on d s are c o n v . Into p re f. s t o c k t o M a r . 1 1917, in c l. I n t . o n th e d e b .
" A ” an d “ B ” b on d s is n eith er c u m . n o r o b lig a t o r y . N o in t . has been p a id
o n eith er cla ss. T h e G . F . S , I I . & F . E . 1st M . fell d u e J u ly 1 1911, b u t
w as exten d ed fo r o n e y e a r . T o b e r e p la ce d b y lik e a m t. o f c o n s o l. M . b o n d s.
R E P O R T .— F o r fisca l y e a r en d in g Ju n e 30 1913, g ro ss, $ 64 5,22 3; n o t,
$ 2 0 0 ,5 5 7 ; oth er in c o m e , $ 72 ,204 ; ch arges a n d ta x e s, $ 3 0 4 ,8 3 0 ; d e f ., $32 ,0 6 9 .
R O A D .— M a in line extonds fro m T r o y n o rth w a rd a lo n g th o H u d son
th rou g h th e villages an d to w n s o f W a t e r fo r d , M e c h a n lc v ille , S tillw ater,
S ch u y lerv llle, T h o m s o n , F o r t E d w a r d , S a n d y H ill, G le n s F alls an d C a ld
w ell t o W a rren sb u rg. T h e S a ra to ga D iv is io n , w h ich b ra n ch e s o f f th e
m ain line a t M e c h a n lc v ille , p ro v id e s a lin o fro m T r o y t o R o u n d L a k e ,
B a llston S pa an d S a ra toga , w ith a b ra n ch fro m S a ratoga Springs t o G lens
F a lls, v ia S ou th G len s F a lls, w h ich b ra n ch w as c o m p le t e d In Ju n e 1903.
T h e re is also a b ra n ch lin e from - Saratoga Springs t o K a y d e ro s s P a rk o n
S a ra toga L a k e an d a n oth e r fro m T h o m s o n t o G re e n w ich . T o t a l firs t tr a c k ,
119 .33 m iles; s e c o n d t r a c k , 11.34 m .; sid in gs, 8 .8 3 m .; m a k in g a to ta l or
139 .5 0 m iles o f tr a c k .
R a ils, T , g ird e r a n d g r o o v e d , 48 t o 141 lb s . S ta n d
a rd g a u g e. O perates 88 p assonger ca rs , 8 fre ig h t ca rs , 9 s e r v ic e c a r s , 7
s n ow p lo w s , 2 electric lo c o m o tiv e s a n d 7 express ca rs. C o m p a n y o w n s
K a y d e r o s s P a rk , a t S a ra to g a L a k e; O n d a w a P a rk , b e tw e e n G reen w ich
a n d T h o m s o n .— V . 8 9 , p . 286.
A L B IA , IO W A .
ALBIA INTERURBAN RAILW AY.
O R G A N I Z A T I O N .— I n c o r p . In Io w a in 1907. H as a cq u ire d A lb ia EIec«
L t . & P o w . C o . D o e s electric lig h tin g , p o w e r an d s te a m -h e a tin g business
In A lb ia . Franchises expire In 1931 a n a 1932. R o a d o n p r iv a te rig h t o f
w a y e x ce p t in A lb ia .
STOCK A N D BON DS—
Date.
Interest.
Outstanding. Maturity
$ 2 0 0,00 0 ....................
S to c k , $ 2 5 0,00 0 ($ 1 0 0 )................................................
F irst M , $ 3 0 0 ,OOOgoId ($100.1 1910
6 g J -D
235 ,900
See te x t.
$500 an d $ 1 ,0 0 0 )---------------c /l n t o r e s t in N e w Y o r k o r A lb ia .
Bonds.— F irst m tg e . b o n d s are s u b je c t t o call a fter Ju n e 1 1913 a t 101
an d in t . T h e y m a tu re serially fro m Ju n o 1 1913 t o 1930 in c l. V . 9 3 . p . 468 .
E A R N I N G S .— F or 12 m o n th s en d in g D e c . 31 1912, gross, $ 67 ,890 ; n e t,
a fter taxes, $ 28 ,439 ; in t ., & c ., $ 14 ,910 ; su rplu s, $1 3 ,5 2 9 .
R O A D .— O w ns 10 m iles o f ro a d fro m A lb ia t o H o ck in g a n d t o H lto m a n .
A n exten sion o f 8 )4 m iles t o B u x to n is u n d er c o n s tr u c tio n .
O F F I C E R S .— P res ., L . T . R ic h m o n d , A lb ia ; V .- P ., C . A . R o ss; S e c .,
C a lv in M a n n in g ; T r e a s . & G e n .
C . M a n n in g , A lb ia .— V .9 3 ,p .4 6 8 .
A L L E N T O W N , PA.
L E H I G H V A L L E Y T R A N S I T C O — A tro lle y r o a d . (See map on p. 8 .)
O R G A N I Z A T I O N .— I n c o r p . In P a . o n N o v . 3 1905 an d Is a reorganiza
tlon u n d er foreclosu re o f th e L e h igh V a lley Traction C o . , th o P h iladel”
p h la & L eh igh V a lley T r a c tio n C o ., th o A lle n to w n & S latin gton and th o
C o p la y E g y p t & Ir o n to n Street R y ., as p er plan in V . 79, p . 733, 1462.
In O c t . 1911 p u rchased th o M o n t g o m e r y T r a c . C o . (V . 93, p . 9 4 0 ), all o f
w h oso b on d s an d s to c k are d ep o site d u n d e r th e L eh igh V a lley T ran sit re f. &
Im p. m tg o . o f 1910; recon stru ctio n o f M o n t . T r a c . c o m p le te d D e c . 12 1912,
cu ttin g d ow n running tim e betw een A lle n to w n and P h iladelph ia (C it y H all)
fro m 4 )4 t o 2 )4 h ours. A 14-m ilo c u t -o f f on this division is u n d er co n s tru c
tio n , w h ich , it is ex p e c te d , w ill fu rth er c u t d o w n th o ru n n in g tim o betw een
those p oin ts co n s id e r a b ly . T h is c u t -o f f is p r a c tic a lly co m p le te d .
I n A p ril 1913 pu rch ased co n tr o llin g in terest in s to c k o f E a s to n C o n s o li
d a te d E le c tr ic C o . (V . 96, p . 102 2). A ls o has a h a lf in terest In th o N o rris
to w n T r a n sit C o . Franchises p e rp e tu a l.
U n der agreem ent m a d o in J u ly 1907 th e L eh igh V a lle y T ra n sit has its
P h iladelph ia term inal In tho P h iladelph ia R a p id T ra n sit s ta tio n a t C h estn u t
B ill.
V . 85, p . 9 9 . C o n d u c ts th rou gh tro lle y fre ig h t s e rv ice betw een
A llon tow n and P h iladelph ia. V . 9 1 , p . 716 . L a te in 1912 m a d o a co n tr a c t
fo r oxpross s ervico w ith A d am s E xpress C o .
In M a r . 1913 th e A llo n to w n E le c. L t . & P . C o . a n d th o W h ite h a ll E m ails,
S la tin g to n , H a n ov er, W a sh in g to n , S la te d a le , N o . W h ite h a ll, S o . W h ite
h a ll, S alisb u ry, N o rth a m p to n H eigh ts an d S a u co n co m p a n ie s , all p r e v io u s ly
ow n ed b y T r a n sit C o . , w ere m erged in to a now c o m p a n y , tho L e h igh V a lley
L t . & P . C o . , w ith an au th . c a p ita l o f $ 8 5 0 ,0 0 0 , o f w h ich $ 4 9 1,10 0 o u t
sta n d in g ; par o f shares, $100.
O n D e c. 22 1913 th e L eh igh V a lle y L t .& P o w e r C o . p u rch ased all tho o u t
sta n d in g s to c k an d b on d s o f th o L e h igh C o u n t y E le c . C o . , N o rth a m p to n
C o u n t y E le c . C o . an d th e C c m e n to n E le c . L t . & P ow er C o . , w h ich c o m p a n
ies op era te in th e b o ro u g h s o f C a ta sa u q u a an d N o r t h C a ta s a u q u a , C o p la y
N o rth a m p to n and th e villa g o o f C c m e n t o n . T h o L eh igh V a lle y L t . & '
P o w e r C o . issued $21 7,00 0 o f its b o n d s fo r th is p u rp o se .
In A u g . 1913 th o c o m p a n y clo se d a co n tr a c t t o s u p p ly e le ctr ic ity t o th o
P h ila d elp h ia S uburban G as & E le c . C o ., a su bsid iary o f th o A m o r. G as C o .
V . 97, p . 521.
O w ns th o follow in g stocks:
„
Name of Company—
„
Cap. Stock.
Oumed. Tot. issue.
L eh igh V a lloy L ig h t & P o w e r C o . ( c o m m o n )........................$49 1 ,1 0 0 $49 1,10 0
A llen tow n B rid g e C o ................................
2 9 2 ,0 0 0 292 ,000
Q u a k e r t o w n T r a c t io n C o ......................................................
275 ,0 0 0 300 ,000
R lttersvU le H o te l C o ........................................................................... 100.000
100,000
E a s to n C o n s o lid a te d E lectric C o ....................................... - - 1 ,3 8 0 ,0 0 0 1,500,000
N o rr is to w n T ra n sit C o _____________________________________
12,000
24,000
L eases B ethlehem & N a za re th Passenger R y . fo r 999 years at 5 % on s to c k
an d b on d s.
Leases Q uak ertow n T r a c . fo r $15 ,000 p er a n n u m . In 1911 o ffe r o f
L eh igh V alley T ra n s. C o . t o a cq u ire Q uak ertow n T r a c . b o n d s w as acce p te d
b y all b u t $40 ,300 or th o b o n d s.
V . 9 1 , p . 71 6 , 1096; V . 9 2 , p . 323 , 528 ,
66 0 . 882 .
,
,
O n Ju n o 20 1913 th o shareh olders a u th o rize d an issuo o f co lla te ra l n o te s
fo r th e purch ase o f c o n tr o l o f th o E a s to n C o n s o l. E le c . C o . See V . 96.
p . 1489. 1772.
Proposed Purchase of Power Co.— F o r Joint o ffe r o f th o L eh igh V a lle y
T ra n sit C o . and th e U n ited G as Im p r o v e m e n t C o . t o p u rch ase c o n tr o l o f
th o L eh igh <fe N o rth a m p to n L t ., H t. & P o w o r C o . , see V . 97, p . 1426, 1429.
ST O C K A N D BO N DS—
Date.
Interest.
Outstanding. Maturity.
C o m m o n , $ 3 ,0 0 0 ,0 0 0 , par $ 5 0 - ____
________
$ 2 ,9 9 7 ,3 5 0 .......... ............
P r e f, $ 5 ,0 0 0 ,0 0 0 , p a r $ 5 0 - — ------M -N
4 ,9 7 9 ,6 8 7 N o v ’ 1 3 ,1 %
5 % , cu m a fter N o v 3 1910F irst m ortg a g e, $__________
5 ,000,000
1905
4-5 g M -S
4 ,9 5 7 .0 0 0 D e c 1 1935
g old ($ 1 ,0 0 0 ).........................c /G u a r a n ty T r u s t C o ., N ow Y o r k , T ru stee.
7
STOCK AND BONDS—
Date. Interest. Outstanding. Maturity.
Consol, mtgo, $7,500,000,1 1905 4-5 g J-D
$354,000 Dec 1 1935
gold ($1,000)____________ /Lehigh Valloy Tr. & S. D. Co. Allentown.Tr.
Ref & imp mtge $15,000.0001 1910
5 g J-D
5,124,000 June 1 1960
gold ($500 and $l,000)—c*/Lehigh Valloy Trust Co., Allentown, Trustee
Beth. & Nazar St Ry Stock__ _____
_______
150,000 5% guar
Bonds.......................
.........
5 M -N
150,000 May 1 1929
Allentown
Bridge 1st M .l 1912
5 J-J
218,000 July 1 1942
($500 and $1,000)______c*JGuar. p. & I. by Lehigh Valley Transit Co.
Lehigh Val L & Pmortgager 1913
5 g A-O
504,300 April 1 1943
$2,000,000 ($1,000, $5 00& !Lehigh Valley Trust C o., Allentown, Trus.
$100), gold-------------------c* (Int. at co.’s office or BrownBros.&Co..Phila.
Coll trust
bonds, $925,0001 1913
6 g J-J
851,000 July 1 1923
($1,000, S500, S100), g ..c * /ln t . at Girard Trust C o., Phila., Trustee.
5%
80,750 __________
Equip trusts “ Ser A ” ________ _____
Bonds.— Of the $5,000,000 first mtgo., $2,770,000 bear 4% Interest and
are all out and $2,230,000 are 5s. $43,000 of these bonds are reserved to
take up the $40,300 Quakertown Trac. bonds still out. See V. 82, p. 628.
Interest at Brown Bros. & Co., Philadelphia. The first mtge. bonds are
redeemable on any interost date, the 4s at 105 and the 5s at 110. Of the
consols. $2,500,000 4s were outstanding but $2,146,000 have been exchanged
for ref. & improv. bonds. Int. on the consol, bonds is payable at the com
pany’s office or at office of Brown Bros. & C o., Philadelphia. These bonds
are not subject to call. Of the $15,000,000 ref. & improv. bonds $5,000,000
are reserved to retire 1st M . bonds; $569,000 for consol, mtge. bonds
($354,000 to take up bonds shown in table and rest for bonds previously
taken up); $4,206,000 for additions, betterments and improvements, ana
$101,000 for general purposes. Bonds are red. at 105 and int. on or before
June 1 1920 and 110 and int. thereafter. V. 92, p. 187; V. 94, p. 698, 982;
X ’ 95. p. 7 5 0 . Int. is payable in Allentown or at office of Brown Bros. &
Co., Phila. Of the ref. and imp. bonds reported outstanding, $1,009,000
are in treasury. Tho coll, trust notes of 1913 are red. at par and int.
on any interest day.
Lehigh Valley Lt. & P. bonds are subject to call on any int. date at 105
and interest. V. 97. p. 365.
Dividends.-Initial cGv on pref.. 1% , paid N ov. 10 1911. In 1912.
2% ; in 1913, M ay, 1%; N ov., 1% .
REPORT.— For fiscal year ending N ov. 30 1913.
Gross
Operating
Net
Int. Chgs., Balance,
Fiscal Year—
Earnings. Expenses. Earnings. Taxes, &c. Surplus.
1912-13.................$1,764,997 $740,280 $1,024,717 $ 5 7 8 ,1 4 4 $ 4 4 6 ,5 7 3
_______
_______
1911-12................. 1,526,777
650,079
8761698
5 0 2 ,2 5 5
3 7 4 .4 4 2
* From the $374,442 surplus in 1911-12 there should be deducted divi
dends of $99,566 (2% ) on the preferred stock, leaving $274,876.
ROAD.— Owns or controls 155 miles of track, connecting Allentown,
Bethlehem, South Bethlehem, Hellertown, Nazareth, Siegfried, Coplay,
Catasauqua, Egypt, Emaus, Macungie, Slatington, Quakertown, Perkasie,
Lansdale, Norristown Ambler, and Philadelphia. 80-lb. rails. Owns a
large amusement park about midway between Allentown and Bethlehem.
Has 41 open, 108 closed and 43 miscellaneous cars. A 2,650-foot bridge
between Allentown and South Allentown was built by tho controlled Allen
town Bridge Co. (auth. stock $300,000) and was formally opened N ov. 14
1913. See V. 97. p. 1426, 1428; V. 98, j>. 154OFFICERS.— Chinn, of B d., Col. II. C. Trexler; Pres., narrison R.
Fehr; \ .-P ., E. M . Young; Sec. and Treas., Chas. N. Wagner; Aud., C. M .
Walter.— V. 92, p. 187, 523, 725, 882; V. 93, p. 871,940, 1022, 1725, 1786;
V. 94, p. 698, 982, 1186, 1383; V. 95, p. 47. 750, 1684, 1746; V. 96, p. 355,
360, 947, 1022, 1297, 1489, 1772; V. 97, p. 365, 443, 521, 951, 1426.
^
(1) Easton Consolidated Electric.—
( J 11) i
tfi
In April 1913 the Lehigh Valloy Transit Co. acquired a controlling Inter
est in the stock. V. 96, p. 1021.
On M ay 1 1904 lease to Lehigh Valley Traction was canceled by rentals
being in default. See V. 78, p. 1446, 1781- In June 1904 a further install
ment of $5 per share was called on stock. V. 78, p. 2011,2442. Dividend
payments have been made: July 1900, 3)4% on $10 paid in; Sept. 1901 and
March and Sept. 1902, 3% on S15 paid in; March 1903 (paid In July) and
Sept. 1903, 4% on $15 paid in.
In Dec. 1905 declared a dividend o f $2 50 and at same time called an
assessment of $5 per share on the stock; tho dividend was credited on the
assessment, making tho stock 50% paid in. V. 81, p. 1791. Cash divi
dends resumed in Oct. 1906 by the payment of 2 )4 % . V. 83, p. 687;
2)4% again paid April 1 1907 and 2)4% Oct. 1 1907; then dividends were
passed until Nov. 1911, when 2% was paid. In 1912 and 1913. 4 % .
ORGANIZATION.— Consolidation by stock ownership of the Easton
Transit C o., the Edison Illuminating Co. of Easton, the Easton Palmer &
Bethlehem Street Ry. C o., the Easton & Bethlehem Transit C o., Northamp
ton Central Street Ry. Co. and the Easton & South Bethlehem Transit Co.
Incorporated in New Jersey March 11 1899. Owns all tne stock of the
Penn. M otor Co.
Consolidation of Subsidiaries.— On Jan. 3 1908 the (old) Easton Transit
C o., the Easton & Bethlehem Transit C o., the Easton Palmer & Bethlehem
Street Ry. and the Northampton Central Street Ry. were merged into the
(now) Easton Transit Co. (V. 85, p. 1461) and in 1909 the Easton & South
Bethlehem Trans. Co. was also merged into the (new) Easton Transit Co.
Stock, $2,150,000; all owned by Easton Consolidated Elec.
STOCK AN I) BONDS.— Both the stock and the collateral trust 5s were
In Jan. 1900 listed on the Philadelphia Stock Exchange.
Date.
Interest, Outstanding. Maturity.
Stock, $1,500,000 (par $50)....................................... 50% pd.in. N o v ’ 13,2%
Collateral trust 31,300,000 g / 1899
5 g M -N $1,237,000 M ay 1 1949
($1,000 and $500)_____ c*l Interest at Girard Trust C o.. Phila., trustee.
P e n n sy lv a n ia M o t o r C
~ o 1st 1891
6 A-O
60,000 Apr 1 1941
m o r t. (ca n n o t b e c a l l e d ) . . Lack. Tr. & Safe Dep. C o., Scranton, trustee
E a s P al & B e th E le c 1st g o ld
1898
5 J-J
200,000 Jan 1 1919
$ 2 0 0 ,0 0 0 , c a n n o t b e cwuvu.
a lle d . ,Int. at U. S. M tg. & Tr. C o.. N. Y ., trustee.
Eas&So Beth Tr 1st M $500.-/ 1906
5 g J-J
447,000 July 11936
000 guar gold ($ 1,000). .c * l Girard Trust C o., Philadelphia, trustee.
Bonds.— The coll, bonds have no s. f. and are not subject to call. Of the
total of 31,300,000, 360,000 is reserved to retire the Penn. Motor bonds,
32,000 in treas. and $1,000 reserved for small amt. of outstanding scrip of
Ed. III. Co. Issue Is secured bypledgo of $2,150,000 stock (entire issue) of
(new) Easton Transit C o.. 12,317 shares (entire issue) of Edison Ilium,
stock and 2.400 shares (the entire Lssue) or Penn. Motor stock. Int. on
Easton & So. Beth. Transit bonds is payable at office of Edw. B. Smith &
C o., Phila., or at company’s office. They are guar. p. & i. by endorsement
by tho Easton Consol. Elec. A sinking fund of $5,000 p. a. commenced
Juno 1 190S; $29,000 have been retired. Bonds are subject to call at 105 and
Int. V . 83, p. 323.
REPORT.— For calendar years:
Calendar Gross of Net Inc. Netlnc. Tot.East. Bd.Int., Dies.
Bal.,
Year— E.Tran. E. Tr. Ed.III.Co.Con. El.Tax.,&c.
Paid.
Surp.
1912___ $427,536 $94,336 $24,783 $119,119 $69,685 (4)330,000 $19,434
1911___ 401.736 87.479 27,886 115,365 69.692 (2) 15,000 30.673
ROAD.—’Embraces practically the entire street railway system of Easton
and West Easton, Pa., and Philipsburg, N . J., with lines from Easton to
Bethlehem, South Bethlehem and Nazareth; total track, 53.847 miles,
operates through cars from Easton to Bethlehem and South Bethlehem.
103 cars.
OFFICERS.— Pres., II. R . Fehr, Allentown, Pa.; Vice.-P., S. H.
Hackett; Sec. A Treas., F. A. Hazzard; Asst. Sec. & Asst. Treas., S. H.
Sargent— V. 90, p. 697: V. 92, p. 794; V. 93, p. 940, 1024; V. 94, p. 630;
V. 96, p. 789, 1021; V. 97, p. 53, 301, 311.
ALLENTOWN & READING TRACTION CO.— A trolley road.
In Fob. 1913 John H. Passmore, representing stockholders of the Kutztown & Fleetwood St. R y., instituted equity proceedings asking for the
appointment of a receiver.
ORGANIZATION.— Incorporated April 25 1898 and leased the Allen
town & Reading Electric Street R y. for 290 years from June 4 1898. On
Fob. 6 1902 leased for 290 years the Kutztown & Fleetwood Streot Ry.
Controls the Kutztown Light, Heat & Power Co. Connects with United
Traction Co. tracks from Reading, thus forming a through iine from Allen
town to Reading.
STOCK AND BONDS.
Dale.
Interest. Outstanding.
Maturity.
$250,000 ...................
Stock, $750,000 (par $50)........................................
First mortgage, $250,000.1 1900
5 g J-J
250.000 July 1 1930
g, $lOO,$5O0 & $l,000-cpt I Interost at Fidelity Trust Co., Phila., trustee
First M Kutztown & Fleetw dl 1902
5 g J-J
200,000 Jan 11932
$200,000, guar p & l_ _ .c p t/
First consol mtge, $750,000( 1902
5 g J-J
300,000 July 1 1932
g ($500& $1,000) c & r .c p t jln t. at Integ. Tit. Ins. & Tr. C o., Phila.,trus.
Bonds.— Of tho $750,000 of new consols, $450,000 are reserved to retire
prior liens. They aro subject to call at par after July 1 1917; no sinking
fund. The first mortgage bonds are redeemable at par.
EARNINGS.— For year ending June 30 1911, gross, $166,320; net. after
taxes, $90,788; int., rentals, &c., $70,465; surplus, $20,323.
ELECTRIC RAILWAYS
LEHIGH VALLEY TRANSIT
COMPANY
AND
LEHIGH VALLEY LIGHT & POWER CO.
LEHIGH VALLEY TRANSIT CO.
CONNECTING & OTHER ELECT. RYS.
TERRITORY SUPPLIED
j,
WITH LIGHT AND POWER
RETAIL
WHOLESALE
SJIQIME
[V o l . X C V III.
R O A D .— Operates 3 9.60 miles m ala line, 7 .5 0 miles sidings— total,
4 7 .1 0 mile*: 43 c a t s .
_
, ,
„
O F F IC E R S .— Pres.. H . E . Ahrens. Reading; V .- P ., W . D . M ohn ; Sec.,
8 K . H offm a n . Ham burg; T reas., G eo. B . Shaffer, Reading; S u p t., W . J.
Boar, K u tztow n .— V . 8 1 . p. 1492; V . 8 2 , p . 216
.
ALLIANCE, OHIO.
STARK ELECTRIC R R .— An electric railroad.
O R G A N I Z A T I O N — Incorporated in Ohio and 1 s a consolidation in Dec
1902 o f the Alliance Electric R y . and the Stark Electric R y .
„,
„
ST O C K A N D B O N D S .
D a te .
In te re s t. O u ts ta n d in g .
M a tu r ity .
Q-J . $ 1 ,250,000 Jan 1 4 ,H %
Stock, $ 1 ,5 0 0 ,0 0 0 ( $ 1 0 0 ) ................ ..
Fir»t m tgo, $ 1 ,0 0 0 ,0 0 0 , gold \ 1903
5 g J-J
9 5 8 ,0 0 0 Jan 1 1928
($1,000) sinking fund, call-1 Citizens’ Sav. & T r . C o ., Cleveland, trustee.
ablo at 105..............................d i n t , at United Bank & Sav. C o ., Cleveland.;
B o nds.— 1 % will be retired annually from Jan. 1 1911 to Jan. 1 1915
from Jan. 1 1915 2 % each year to 1928. 8 42,000 have been retired.
D iv id e n d s .— First d iv ., f i % , paid July 190S; H % has been paid quar.
■ince to and including Jan 1914. In April 1910 also a stock dividend o f
26E A R N i N G SP—4For Calendar year 1912, gross, $272,491; net, $ 121 ,29 9.
In 1011, gross, $260,582; net. $140,017.
t
R O A D .— Operates 34 miles o f track from Canton to Salem , including
Alliance C ity lines. Standard gauge. 67 and 70-lb. T rails and 70 and
90-lb . giraer rails. Total mileage. In clu d in g double track, 36 miles. An
extension from Alliance to Marlborough and Now Baltim ore and eventually
to Akron is being constructed; line partly graded.
O F F I C E R S __ I'res., C . It. M orley, Cleveland; V .- P ., D avid M orison,
Sec E S Cook- 'l'reas.. E . Strauss; A u d ., A . .1. Sampson; Gen. M g r .,
F . L . M ow ry.— V . 7 6 / p . 973; V . 86, p. 1468; V . 90, p . 4 4 8 , 700, 1171.
AMSTERDAM, N. Y,
FONDA JOHNSTOWN & GLOVERSVILLE RAILROAD CO.—
Steam and electric road. See statement in “ Railway & Industrial Sec.'
ANDERSON, IND.
UNION TRACTION CO. OF INDIANA.— A trolley road.
O R G A N I Z A T I O N .— Incorp. on M a y 13 1912 as a consolidation o f the
old Union Traction C o . o f Indiana (incorp. M a y 28 1903) and the Indiana
Union Trac. C o. (incorp. June 9 1903), per plan in V . 94, p . 1119, 1185; V .
"
9
ELECTRIC RAILWAYS
J a n ., 1914.]
‘
...
............................
.
. C o.
M uncie
— .
— . . . . ------. . . .
-. ________________ _— . w a s
leased to the Indiana Union Trac. at a rental (In addition to operating
exp ., int. on bonds, & c .) , equivalent t o 5 % on M u n . H artf. <& F t . W . B y .
$500,000 cum . pref. stock; V . 8 3 , p . 96. T h eoM Union T rac. C o . o f Indiana
was a consolidation o f tho Union Trac. C o. o f Indiana (incorp. in June 1899).
and the Indianapolis Northern Trac. C o . (Incorp. in April 1902).
Tho Indianapolis Northern Traction assumed paym ent o f tho prln. and
int. of half ($200,000) o f tho bonds of the Broad Ripple Traction C o. (see
under Indianapolis), and also half o f the int. of the remaining $200 ,00 0 bds.
until M a y 1913.
Leases Indianapolis Newcastle & Eastern Trac. C o . for 999 years from
O ct. 25 1912.
STOCK A N D BO N D S.
D a te .
In te re s t. O u ts ta n d in g .
M a t u r it y .
$ 5 ,000,000
Com m on, $ 5 ,0 0 0 ,0 0 0 -.....................................................
1st pref, $ 1 ,0 0 0 ,0 0 0 , 5 % c u m . ____
A -O
1 ,000,000
See text
________
3,00 0 ,0 0 0
2d pref, $ 3 ,000,000 (see te x t).............
J-J 10
See text
1903
5 g A -O
1,620,000 July 1 1 9 3 3
Ina Un Traction 1st M $ 5 ,
000,000 ($1,000) g o ld ., tf Interest at Girard Trust C o ., P h ila., trustee.
1S99
5
g
J-J
4,57
3
.0
0
0
July
11919
Union T r C o of Ind 1st genM
$5,00 0 ,0 0 0 g ($ 1 .0 0 0 )c& r*tf Equitable T r . C o ., N ow Y o rk , trustee.
1897
0 g J-D
92.000 Dec 1 1927
Citizens' St R y (M un) 1st M
$250 ,00 0 s f sub to call 105- Interest at Guar. Trust & Safe Deposit C o.
Philadelphia, trustee.
($500 and $ 1 ,0 0 0 ).............c*
6 g M -N
3 33,000 M a y 1 1915
M arlon C ity 1st M $400,000 1895
gold ($ 1 ,0 0 0 )----------------- c t f Equitable Trust C o ., N ew Y o rk, trusteo.
5 g J-J
5,00 0 ,0 0 0 July 1 1932
Indianapolis North Trac 1st 1902
m tgo $5,0 0 0 ,0 0 0 g ($1,000) Equitable Trust C o ., N ew Y o rk , trustee.
guar p & i by Un T race* t f
Indiana North Trac 1st mtge 1903
5 g A -O
500,000 O ct 1 1933
$500,000 gold ($100, 8500 Interest at Trenton (N . J.) Trust & Safe
and $1,000) guar-------- c * t f
.
Depos.it
C o ., trustee.
M II & F t W pref stock cum ...............
-----5%
500,000
See text
do
do
first m tge $1
1905
5 g J-J
950,000 Jan 1 1935
0 0 0 ,0 0 0 gold ( $ l ,0 0 0 ) -c * t f In t. at Guard. Sav. & T r . C o ., C le v ., trustee.
M uncie & Un C M $925,000
1906
5 g J-J
925,000 July 1 1936
guar gold ($1,000) - _ . c * t f fln t. at Fidelity Trust C o ., P hila., trustee.
STOCK. — D lv s. on 2d pref. stock are cum . from 1 % semi-annually In
1913, scaling upward to 3 % semi-annually in July 1918 and thereafter.
B onds.— O f the Ind. U . Trac. bonds o f 1903, $ 3 ,380,000 were reserved
for extens. and im p ts., bu t under terms of consolidation agreement of 1912
those bonds have been canceled. $247,000 are held alive in the sinking fun d.
Sinking fund, 1 M % per annum o f outstanding bonds, became operative
on July 1 1904.
Fund Is to be Invested in the bonds at not above l0 5 and
in t., and bonds m ay be drawn at 105 and int. on any int. date. Remaining
T h ey are guar. p . & 1. b y Ind. U n. Trac. C o. V . 8 2 , p . 8 0 5 . T h e M uncie
Hartford & F t. W ayne bonds can be called Jan. 1 1925, or after, at par. A
s in k in g f u n d on those bonds o f 2 1 4 % o f gross earns, per ann. began July 1
1905. See V . 8 0 , p. 1059. $ 50,000 have been rotired. The M u n . & Union
C ity bonds are subj. to call at 105 and guar., p . & i ., by Ind. U n. Trac.
D iv id e n d s .— 5 % is being paid on first prof, stock. Dividends on second
prof, stock have not been paid since July 1912. . „ . „
,
R E P O R T .— For year ending D ec. 31 1912 (inch Ind.-New castle line from
O ct. 25 1912), gross, $2,308,649: net. after taxes, $884,195; other income,
$8,108; in t., disc. & rentals, $765,711; surplus, $126 ,59 2. Passengers
carried in 1912. 17.068,150.
R O A D .— Besides the city lines in M arion, Anderson, M uncie and
Eiwood, owns an Interurban road from Anderson (via Linwood, Alex
andria, Summltvilie, Falrmount, Jonesboro, Gas C ity and Soldier’s
Home) to M arlon, and thence to Wabash (53 M m iles), with a branch from
Alexandria (via Orestes and Dundee) to Eiwood, and from Eiwood to T ip
ton (20 miles); also an interurban lino from M uncie via Yorktow n, Dalovillo. Chesterfield, Anderson. Pendleton, Ingalls, Fortvillo, M cCordsville
and Lawrence to Indianapolis (5644 miles); also an interurban line from
Logansport, via K okom o, Tipton, Atlanta. Arcadia, Cicero, Noblosvillo,
Carm el, Broad Ripple, to Indianapolis (80 miles), and from Peru to Kokom o
(19)4 miles); also a line from Anderson to M iddletown, 10 miles, put in
operation Aug. 1 1905; a line from M uncie to Union C ity (33 miles); and a
line from M uncie to Newcastle (18 miles) put in operation Aug. 31 1913;
total 290 miles of interurban and 4644 miles o f city lines. Also leases
M uncio-Ifartford City-Bluffton line, 42 miles, and Indtanapolis-Newcastle
line. 4444 miles; grand total, 423 miles. Through cars are run between
Indianapolis and Fort W ayn e in conjunction with tho Fort W ayn e &
Northern Indiana Traction C o.
Provides package fre ig h t service between
Indianapolis and M uncie and Indianapolis and Logansport and Peru, and
to all other points on the system . Operates through freight service between
Indianapolis and Fort W ayn e. B y contract until N o v . 1933 cars are run
over tracks of Indianapolis Street R y . in Indianapolis. Since June 1909
carries express m atter per contract with U . S. Express C o. A large central
power station, with necessary storage batteries, at Anderson, operated on
a three-phase system , with 19 sub-stations, likewise equipped with storage
batterios, operates entire system.
E Q U I P M E N T .— Jan. 1 1914, 153 city cars, 88 interurban cars, 29
freight cars and 120 service cars; total, 390.
O F F IC E R S .— Pres., A . W . Brady, Anderson; V .- P ., narold B . Hlbben;
Sec. & Treas., W m . II. Forso Jr., Anderson. General offices and transfer
offices, Anderson Ind.— V . 94, p. 1385, 1567; V . 95, p . 298, 362, 819;
V . 96, p. 64. 137, 717, 1083; V . 97, p. 44^.
.
.
.
(a) In d ia n a p o lis N ew castle & E astern T r a c tio n C o.
Leased to Union Traction C o. o f Indiana on O ct. 25 1912 for 999 years.
Tho lease provides for tho payment of all taxes, interest on bonds, a sum
equivalent to 5 % on tho preferred stock, and amounts on the common stock
as follows: 1 % in 1913 and 1914, 2 % in 1915 and 1916, 3 % in tho next four
years and 4 % thereafter: also $500 for organization expenses.
O R G A N I Z A T I O N .— Incorp. in Indiana on June 10 1912 as successor to
tho Indianapolis Newcastle & Toledo Elec. R y ., sold at foreclosure. H as
private right-of-way minimum width 66 f t ., except In corporate limit*,
where shortest fra n c h is e expires A p r. 7 1933. Under favorable contract
with Ind. Trac. & T erm . C o . extending to 1933, operates through city into
Indianapolis Interurban terminal.
STOCK A N D BON DS—
D a te .
In te re s t.
O u ts ta n d in g .
M a tu r ity .
$500,000
See text.
Com m on $500,000 ( $ 1 0 0 ) - - ..........................................
Pref $500 ,00 0 5 % cum ($100).............
..................
500,000
See text.
1,200,000 June 1 1919
First m tge $ 1 ,500,000 goldf 1912 6 g J -D
$ 1 ,0 0 0 _________________ c * t f /I n t . at Fidelity Trust C o ., P hila., Trustee.
B o nds.— O f remaining 1st M . bonds, $100,000 m ay bo Issued upon ful
filment of certain covenants and balance for 7 5 % of cost o f extensions,
Im pts., betterments or acquisition o f unencumbered properties. Red. as a
whole (but not less) on any int. date on 8 weeks’ notice at 10144 and int.
V . 94, p. 1695. N o sinking fund.
E A R N I N G S .— N ow included In report o f Union Traction o f Indiana.
R O A D .— Included in Union Traction C o . of Indiana.— V . 94, p . 1565,
1 6 2 6 ,1 6 9 5 ; V . 96, p. 135.
ANNISTON, ALA.
A N N IS T O N E L E C T R IC & G A S C O .
O R G A N I Z A T I O N .— Incorporated in N ew Jersey in 1899 to take over
tho Anniston Electric C o. and the Oxford Lake Line, sold at foreclosure
August 1899; also acquired at receivers’ sale the Anniston Gas & Light C o.
ST O C K A N D BO N D S—
D a te .
In te re s t.
O u ts ta n d in g .
M a t u r it y .
Stock, $250 ,00 0 ( $ 1 0 0 ) _____________
__________
$250,000 N o divs paid
1st m tge, $300,000 ($100,1 1899 5 g J-D
300,000 Dec 1 1 9 2 9
$500) g o l d ...........................c * /I n t . at B alt. Safe D ep t. & T r . C o ., Trustee.
B o nds.— Entire issue m ay be called at 105 and Int. S in k in g f u n d of 1 %
o f bonds out became operative on D ec. 1 1905, but to be available for bond
redemptions only if the money cannot be advantageously employed “ for
the acquisition of permanent extensions and additions.”
E A R N I N G S .— For calendar year 1912, gross, $173,784; net, after taxes,
$63,004; fixed charges, $15,000 ; other deductions. S12.005; surplus, $ 35,999 .
In 1911, gross, $155,248; net, after taxes, $50,861; fixed charges, $15,000;
other deductions, $11,057; surplus, $24,804 .
R O A D .— Operates 10 miles of road from Anniston to Oxford Lake,
including 5 miles o f track on city streets.
O F F IC E R S .— Pres., S. Z . M itchell, Now Y o rk; V .- P ., R . A . M itchell,
Gadsden, A la .; Sec. and Treas., F . S. R uth, N . Y . — V .6 8 , p .9 2 8 ;V .6 9 ,p .2 8 3 .
ASBURY PARK, N. J.
ATLANTIC COAST ELECTRIC R Y .— Trolley.
O R G A N I Z A T I O N .— Incorporated in N ew Jersey on D ec. 8 1905 as
successor to the Atlantic Coast Elec. Railroad C o ., sold under foreclosure of
tho general mortgage o f the latter. Leases the Seashore Electric R y . o*
Asbury Park until Juno 6 1937 at $10,000 per year and owns $150,000 o f t b .
$200,000 total capital stock of latter company (making net rental $ 2 ,50b)
and owns all of tho stock o f the W est End & Long Branch R y . and o f thb
Asbury Park & Sea Girt R R .; the former is leased from A u g. 3 1896 untu
July 17 1945 at a nominal rental, and the latter for 99 years at 6 % on stock
from A u g. 27 1898; both stock and bonds of A sb . Park & S. G . are owned
A lso entire stock ($100,000) of the Atlantic Coast Electric Light C o ., which
supplies the electric lights of Asbury Park, Allenhurst, Belmar, Ocean
Beach, Com o and Spring Lake. The Seacoast Traction C o . (capita*
$100,000) , running from Belmar to Spring Lake, 2 miles, has been leases
to the Atlantic Coast Electric R y . for 99 years; its stock and bonds ar*
owned. F ra n c h is e in Belmar expires in 1947; in Asbury Park in 1937: in
Long Branch, some expire in 1945 and others are perpetual; in Ocean T o w n
ship, perpetual; in Sea G irt, expire in 1915, 1926 and 1956; franchises of
Seacoast Traction C o. are perpetual.
D iv . o
S T O C K A N D B O N D S .—
D a te .
In te re s t.
O u ts ta n d in g .
M a t u r it y .
$1,000,000 In 1912 3 %
Stock $ 1,000,000 ($100) ..............................................
1st mortgage gold $1,000,-1 1895 5 g M - N
800,0 0 0 M a y
194$
000 _________________________ Jlnt. at Knickerbocker T r. C o ., N . Y . , Tru*
Gen m tge $1,000,000 g old / 1906 5 g J-J
1,000,000 July 1 194»,
($1,0001.--------------------------clln te re st at Central Trust C o ., N .Y ., Trust**
Seashore E l R y stock---------------' _____ __________
200,000
___________
Seashore Electric R y lstl 1892 6 g J-J
200,000
1917
mortgage $200,000 ________/I n t . at Seacoast N a t. B ank, Asbury P k .,N .J.
A tlantic Coast Electric Light f ------- 5
J -D
241,000 June 1 1945
First mortgage $500,000 In t. at Asbury Park & Ocean
G rove B k .,
gold............. ......... ........... ........... ( A sb . Pk. M orton T r . C o ., N . Y . , trustee.
B onds.— O f the $1,000,000 firsts, $200,000 are reserved to retire a like
amount o f Seashore R y . 6s. Tho latter are subject to call at 105. Entire
bonds and stock o f the Asbury Park & Sea Girt ($50,000 each) and the Sea
coast Trac. C o . ($100,000 each) are deposited under the new general m tge.
R O A D .— Belt line in Asbury Park, 5 .85 miles; Asbury Park to Pleasure
B a y and N orth Long Branch, 14.60 miles; Asbury Park to Sea Girt, 11.86
miles; total track, 32.31 miles. Connects at Pleasure B ay with the N ew
Y o rk & Long Branch Steamboat C o.
R E P O R T .— Years ending D ec. 31:
1913.
1912.
1911.
1910.
1909.
Gross earnings-..................$437,856 $427,883 $422,755 $402,495 $389,619
Operating expenses_____
236,783 225,683 216,014 198,547 191,791
N e t earns, from o p e r .. $201,073 $202,200 $206,741 $203 ,94 8 $197,828
In 1913, misc. in c., $980; fixed charges, $127,490; surplus, $74,563 .
O F F IC E R S .— Pres., S. F . Hazelrigg, N . Y . ; Treas., II. II. Roger*
Sec., G . B . Cade; Su pt., C . E . Hereth.— V . 8 1 , p. 974, 1435, 1722.
ASHTABULA, OHIO.
ASHTABULA RAPID TRAN SIT CO.
In Feb. 1907 control o f this road was acquired b y L . A . R obison , Pres,
o f the Penn. & Ohio R y ., and associates.
O R G A N IZ A T IO N .— Chartered O ct. 7 1890.
STOCK A N D BON DS—
D a te .
In te re s t.
O u ts ta n d in g .
M a tu r ity
................................
$500,000 ......................
Stock, $500,000 ........ ........... ..
1st
m tge,
$75,000,
gold! 1891 6 g J-J
75,000
See text.
( $ 1 ,0 0 0 ) _____________ c*& r (In t. at Central Trust C o ., Trustee, N . Y . O .
2d m tge, $ 5 0 0 ,0 0 0 - - ..............I 1907 5 M -S
372,000 Sept 15 1927
(Citizens S. & T . C o ., Cleveland, trustee.
B onds.— $75,000 2d m tge. bonds are reserved for prior liens. 1st M .
bonds originally matured July 1 1911 but were extended 10 years to July 1
1921.
E A R N I N G S .— Year ending D ec. 31 1912, gross, $80,603 ; net, $18,689 .
R O A D .— Operates 5 miles of track on 5 miles o f street.
O F F IC E R S . — Pres., L . A . R obison, Pittsburgh; Sec. & T reas., W yn B .
M orris, P itt burgh; Gen. S upt., Palmer W ardm an, Ashtabula. V .85.p.468.
PENNSYLVANIA & OHIO R Y.— A trolley road.
T he same interests control the Ashtabula R apid Transit C o .
O R G A N IZ A T IO N .— Incorporated M arch 17 1898.
STOCK A N D BON DS—
D a te .
In te re s t. O u ts ta n d in g .
M a tu r ity .
Stock ($100), $1,600,000 a u t h . ____
________
$1,300,000
First m tge, $600 ,00 0, gold, 1901
5 g M -S
600,000 M a r 15 1921
$500 each________________c* Int. at Citizens’ Sav. & T r. C o ., C lev ., Trus.
5 g M -S
100,000 M ar 15 1922
Jefferson
Division
($500), 1902
In t. at Citizens’ Sav. & T r. C o ., C lev ., Trus.
100,000
5 g M -S
200,000 Sept 15 1926
Gen m tge, $900,000, gold 1906
In t. at Citizens’ Sav. & T r. C o ., C le v ., Trus.
($500)
B onds.— O f the new gen. m tge. bonds, $700,000 are reserved to retire
prior liens.
E A R N I N G S .— For calendar year 1912, gross, $123,030; net, $45,801 .
In 1911, gross, $121,190; net, $61,387.
R O A D .— Owns and operates the Conneaut city line, 3 miles, and ha*
built westward from Conneaut to Kingsville & Ashtabula, 13 miles, and
south from Ashtabula to Jefferson, 10 miles; total, 26 miles.
O F F IC E R S .— Pres., L . A . Robison, Pittsburgh; Sec. & T reas., W . B .
M orris, Pittsburgh; G en. Su pt., Palmer W ardm an. Office at Ashtabula.
— V . 82, p . 929, 987.
$
_________ ________
10
ELECTRIC RAILWAYS
ATLANTA, GA.
GEORGIA RAILWAY & POWER CO.
O R G A N IZ A T IO N . — Incorp. In Georgia on O ct. 17 1911 to take over
the following properties (V . 93. p. 1191, 1725):
Atlanta H ydro-Elec. Power C o.
(Inter-State Power C o.
A tlan ta W ater & Elec. Power C o.
ISavannah River Power C o.
Georgia Power C o.
fSouth Carolina Power C o.
Also loases the Georgia Railway & Electric C o. (see below).
It Is planned to construct and operato in connection with the develop
m ent of tho water powers a system of interurban railways.
In June 1912 Judge Pendleton in the Superior Court sustained a demurrer
to tho suit brought to have the company declared a trust in violation o f the
Anti-Trust law. V . 94, p . 1763. A n appeal was taken to the Supreme
Court but In Jan. 1913 the suit was withdrawn. V . 96, p . 2 8 5
In a suit brought by tho Attorney-General of Georgia in N o v . 1912 to’
eject tho company from certain property at Tallulah Falls, where a large
power-plant has been constructed, a jury in tho Rabun County Superior
Court at C layton, G a ., in M a y 1913 gave a verdict in favor o f the com pany.
The Supreme Court o f Georgia on D ec. 13 1913 affirmed the decision o f
the lower C ourt. V . 95, p. 1472, 1541: V . 96, p . 1629: V . 97, p.1822.
STOCK A N D BON DS—
Date.
In te re s t. O u ts ta n d in g .
M a tu r ity .
C om m on, $15,000 ,000 ($100)...................... ..............
$ 1 5,000 ,000 ...............
1st P f$2,000.o6o 6 % cu m ($ 1 0 0 )...............................
2,000,000
See text '
2d p f$10,000,000 4 % n - c ( $ 1 0 0 ) ____
________
10,000,000 ____________
l s t & re fjn tg e 830,000 ,000 gl 1912
5 g J-J
Seo text
Jan 1 1977
($1,000) sinking fund-------- /I n t . at Fidelity T r. C o ., Phila., Trusteo.
Georgia Power Co 1st m tg e _. 1911
A -O
Seo text
Oct 1 1940
Blue Ridge El 1st M $1,-1 1910
5 J-J
1,135,000 See text
370,000 gold ($500)--^ /K n ic k e r b o c k e r Trust C o ., N . Y . , Trustee.
North G a . Elec C o 1st M . _ ____
6 F -A
26,000 ......... ..............
Savannah R iv Pow C o 1st M . 1911 5 A -O
2 0 0 ,0 0 0 O ct 1 1921
Refunding m tge $ 5 5 0 ,0 0 0 -- 1911 5 A -O
350,000 Oct 1 1941
Atian W a t P & El P 1st M l 1903 5 J-J
1,400,000 Jan 1 1943
$ 1 ,500,000 gold ( $ 1 ,0 0 0 ) ../Knickerbocker Trust C o ., N . Y . , Trusteo.
S lock.— After the 2d pref. and common stocks have both received 4 %
per annum for 3 successive years, th «2d pref. stock becomes com. stock.
B o nds.— O f tho $30,000,000 1st & ref. m tge. bonds, $11,500 ,000 are re
served to retire prior liens, and balance is for future additions. Sinking
fund after 5 years, $98,100 each y e a i, will retire entire issue. Subj. to call
on and after Jan. 1 1917 at 105. See V . 94, p . 1763. O f the Georgia Power
bonds, $ 8 ,315,000 have been sold against contract work now in progress
(lnt. on these bonds is charged to construction account): remaining $ 1 ,6 8 5 ,
000 reserved to retiro Blue Ridge Elec. 1st 5s and Savannah River Power
C o . bonds. Tho Bluo Ridge Elec. 1st M . bonds mature on July 1 1940, but
the Georgia R y . & Power C o. assumes an agreement made by Georgia Power
C o. to purchase them on or before O ct. 1 1916 at par and ln t., and in mean
time to pay int. on tho bonds. See V . 94, p. 1383. Knickerbocker Trust
C o. is trustee of both Sav. R iv. Pow. C o. issues. Tho Atlanta W ater &
Elec. Pow . bonds are subj. to call at 105. Sinking fund Jan. 1 1908 to
Jan. 1 1917, incl., $5,000 per annum: thereafter until m aturity, $10,000
per annum . See V . 79, p. 153.
D iv id e n d s .— A n initial div. of $4 70 per share was paid Jan. 20 1913 on the
1st pref. stock, covering the 9 2-5 months since it was issued (M arch 1912).
N one since up to Jan. 15 1914.
R E P O R T .— O f the combined properties for calendar year 1912 (see V . 96■
. 941):
ross earnings-------- --------- $ 5 ,2 1 8 ,9 1 3 1D e duct— B ond, & c., int_____$759,187
Operating expenses----------- 2 .4 2 7 ,6 2 2 (Georgia R y . & Elec, and
T a xes......... ...............................
•349,1991
A tl. Gas I,, rental d iv s --_ 801,168
_
------------------- Sinking fund paym ents____
84,326
N etearnin gs......................$2,442,092 D iv . (A tl. W . & E l. P. C o.)
30,000
Other income_____________
77,278 1st p f. d iv .(G a .R y .& P .C o .)
94,000
&
T o ta l------------------------------- $2,519,370]
Balance, surp lus.................$750,689
P R O P E R T Y .— Owns water-power sites in Northeastern Georgia capable
o f an ultimate development o f over 3 46,000 h . p . On O ct. 27 1913 the
company began using electricity from its hydro-electric plant. V . 9 2 , p.
1504. A t Tallulah Falls develops 8 0 ,000 h . p ., with transmission lines
to A tlan ta, 90 miles distant. Construction has begun on an interurban lino
from Decatur to Stone M ountain: at latest date about 9 5 % had been
com pleted.
O F F IC E R S .— C h. of B d ., H . M . Atkinson: Pres., Preston S. Arkwright;
V .-P . & G en. M g r ., G . W . Brine: V .-P . & Sec., W . II. Glenn: A sst. Sec
Paul D . Reid: T reas., I. S. Mitchell Jr.; A u d ., II. Flynn, all of Atlanta!
— V . 93. p. 730, 1191. 1725; V . 94, p. 123, 982. 1119, 1383. 1763: V . 95
p . 1472, 1541: Y . 96, p . 2 02, 2 85, 4 19, 789, 941, 1021, 1629: Y . 97, p . 1504!
1822.
(1) G eo rg ia R ailw ay & Electric C o .
Lease.— On Jan. 30 1912 the stockholders of tho Georgia R y . & Elec. Co
approved the 999-year lease from Jan. 1 1912 to the Georgia R y . & Power
C o ., which provides that the latter company guarantee all tho fixed charges
and divs. on pref. stock and divs. o f 8 % on com. stock, the holder of each
$100 com . having received, as additional consideration for the lease, $3 1214
In 1st pref. and $125 in 2d pref. stock o f Georgia R y. & Power C o.
V. 94
p. 982, 1119.
_
________ _______________________________________
O R G A N I Z A T I O N .— Incorp. in Georgia on Jan. 28 1902Tand on"April 1
1902 took over the Atlanta R y . & Power C o ., the Atlanta R ap. Tran C o .,
the Georgia Electric Light C o. and tho Atlanta Steam C o. F ra n c h is e
for the greater part perpetual: others 50 years from August 1899. C om >rises the street railway, electric-light, gas, power and steam-heating
nterests o f Atlanta and Fulton C ounty. Uses power supplied by the
Atlanta W ater & Electric Power C o. from tho latter's plant at Bull
Sluice on the Chattahoochee River, 15 miles from Atlanta— see V . 79, p.
153, 2149 . B y terms of tho ordinance permitting consolidation, tho com
pany paid the city of Atlanta $50,000 in cash, and agrees to pay a tax on
gross receipts of 1 % for first 3 years, 2 % for the noxt 20 years and 3 %
thereafter.
V. 74, p. 397, 727.
Has contract with tho city for street light
ing for 5 years from April 1 1913. In Oct. 1902 both pref. and com . stock
were listed on Boston Stock Exch. V . 75, p. 849. They are also listed on
the Louisville Exchange.
In June 1903 acquired the entire capital stock ($600,000 6 % pref. and
$ 1 ,014,625 com .) of the Atlanta Gas Light C o ., comprising the gas business
o f Atlanta and vicinity, by exchange of stock, $ for $. V . 76, p . 1400
Th e gas com pany, however, maintains a separate organization.
In Aug. 1913 tho Georgia R R . C om m , authorized an issue of $430,000
additional ref. & im pt. 5s for expenditures and improvements.
In te re s t. O u ts ta n d in g .
D a te .
STOCK A N D BON DS—
M a t u r it y .
Common ($100)......................
........
8 000,000
See text
Preferred 5 % n o n -c u m u la tiv e l____
j
p
2.400,000
See text
$ 2 ,400,000 (par $ 1 0 0 )_____
R ef & imp mtge $20,000,000 ____
1909
5 _g J-J
See text
Jan 1 1949
gold ($1,000)..................- , c * Int. at Am er. Trust C o ., Boston, Trustee
First cons mtge $11,000,000 1902
5 g J-J
m 5,925.000 Jan 1 1932
gold sink fund ($ 1 ,0 0 0 ), - c * Int. at Old Colony Trust C o ., Boston Trus
Atlanta Street Railroad first 1890
6 8 J-J
225,000 July 1 1930
mortgage gold (par $1,000) In t. payablo in N . Y . at Fourth N a t. Bank.
Central Trust C o ., N . Y . , Trusteo
A tl Cons St R y 1st con sM $2,- 1899
5 g J-J „ 2,025,000 Jan 1 1939
500,000 g($l,000each ) sub. In t. payable in N . Y . at N . Y . Trust C o . and
to call aft 5 yrs at 1 0 7 /4 -c *
at M erc. T r. & D ep. C o. of B alt., Trustee.
Georgia Elec Light C o 1st M
1900
5 g J-J ^
1,350,000 July 1 1930
$2,000,000, gold, subject to Interest at Old Colony Trust C o ., Boston
Trustee.
call in 1905 at 105.................
Atlanta Gas-Light C o, 1st M
1897
5 g J -D
1,150,000 June 1 1947
$1,150,000, g ( $ l ,0 0 0 ) -.c * Interest at Now York Trust C o ., Trusteo or
Bank of Scotland, London, Eng.
Stock.— In addition to the $8,000,000 com . reported outstanding, there
is $514,600 in treasury.
B onds.— Q f tho $11,000,000 Georgia Railway & Electric Com pany bonds
(closed m tge.) of 1902, $3,850,000 are reserved to rotire underlying liens
Are subject to call on any Interest date at 110 and accrued interest. A
s in k in g f u n d became operative in 1907 which retires $10,000 of bonds
in each year from 1907 to 1911, inclusive; $25,000 per annum from 1912 to
1916, inclusive, and $50,000 per annum thereafter. See V . 74, p. 629, 727
A s in k in g f u n d of $6 60 per $1,000 bond on the Atlanta Gas Light C o. bonds
is operative. A s in k in g f u n d of $25,000 per annum is also operative on tho
underlying bonds of the Atlanta Consolidated Street R y. O f the ref. &
im pt. m tgo. bonds, $11,230 ,000 are reserved to retire prior liens (including
the $400,000 Atlanta & Northern bonds) and $5,923,000 for extensions and
improvements up to 7 5 % o f actual cost. $46,O0O havo been retired
Bonds are subj. to call on 50 days' notice at, 105 and int.: a sinking fund of
1 % of bonds out began in 1910.
In Aug. 1913 $2,801,000 were outstanding
f
5£
$ ,
[ V o l . X C V III
and an issue o f $430 ,0 0 0 additional bonds was authorized in tho sam e
month. See V. 88. p. 158, 505, 1196: V . 89. p . 410.
In Jan. 1914 the c o S pany sold between $700,000 and $800,000 bonds. See V . 98, p . 3 04.
“
’ '
On c o m .,
% (V . 8 2 ,
stock div. of 33 1 -3 % '(V . 847 p ! 8 0 3 )f A u g .“ 20 * l U % N o v * 20 *
1908 6 % ; '09. 6 % : in '10, C H % ; in 1911, 8 % : in 1912 , F e b , 2 % ; M ^ %2 %
Dividends aro now paid under Ieaso (see above).
'
y , /o '
R E P O R T .— Passengers carried 1912, 62,240,737
Cat.
Gross
N e t (a fte r
In te r P re f. D iv . *C om . D iv .
B alance.
Year— E a rn in g s .
T a x e s j.
est.
(5 % ).
(8 % )
S u rp lu s .
1912 .-$ 4 ,9 6 8 ,7 9 0 $2,270,789 $633,101 $120,000 $ 6 8 1 1 6 8 $830,520
1 9 1 1 - - 1,550,435
2 ,151,682 605,139
120,000
6 8 l !l6 8
745.375
* Includes divs. on $514,600 common stock in treasury.
R O A D .— Operates 198.785 miles of track (single-track basis).
O F F IC E R S .— Pres., F . E . Block; V .- P ., T . IC. Glenn; Sec. & Treas
W . II. W right.— V . 92, p. 59, 395, 460; V . 93, p. 286, 730, 1191, 1259
1461, 1599, 1725: V . 94, p. 123, 350, 559, 982, 1119, 1563; V . 95, p. 1122
1207; V . 96, p. 7 1 6 ,1 0 2 1 ; V . 97, p. 521; V . 98 , p .3 0 4 .
’
(a) A t la n ta N o rth ern R ailw ay C o .— A trolley road.
O R G A N I Z A T I O N .— Entire stock is owned by the Georgia Railway &
Electric C o ., which guarantees tho bonds.
ST O C K A N D B O N D S—
D a te .
In te re s t. O u ts ta n d in g . M a tu r ity .
Stock, $100 ,0 0 0 .......... ......................................................
8100,000 ____________
First mortgage $400,000 gu ar/ 1904
5 g J-J
400,000 July 1 1954
($500 and $1,000) g o l d --c * /I n t . at Old Colony T r . C o ., Boston, Trustee.
B onds.— Are guar., p. & i ., by end., b y the G a . R y . & Elec. C o. Are sub
ject to call on any int. date at 110 and Int. A s in k , fu n d o f $5,000 per ann.
began in 1909; bonds aro held in sinking fund but not retired. See V .
79, p. 680.
, E A R £ J ^ 9 L S ~ Fo,r cali year 1912. gross, $138 ,43 9; net, $33,613; int. &
taxes $31,217; surplus, $2,396. In 1911, gross, $139,240; net, $33,794 ;
int. & taxes, $31,150; surplus, $2,644.
R O A D .— Operates 18 miles of track from Atlanta to M arietta, 15.2 m iles,
which are owned and mostly on private right of w ay.
Has arrangements
with G a. R y . & E l. C o . for terminals and trackago rights into tho city o f
A tlan ta. Commenced operation July 17 1905.— V . 79, p. 680.
ATLANTIC CITY, N. J.
A T L A N T IC C IT Y & SH O R E C O .
O R G A N I Z A T I O N .— Incorporated in 1909 in Delaware. Owns 2,995 of
tho 3,000 shares o f the Atlantic & Suburban R y . C o. stock and a majority
of the stocks of tho Central Passenger R y. C o. ($40,000 bonds) and Atlantic
C ity & Shore RR. C o . Also owns all of tho $591,100 outstanding 1st mtgo.
bonds of Atlantic & Suburban R y .
STOCK A N D BONDS—
D a te .
In te re s t.
O u ts ta n d in g . M a tu r ity .
Stock, $ 1 ,0 0 0 ,0 0 0 .- .................... ...........
...............
$936,900 ......................
Coll trust, $ 591 ,10 0.......... - - t f 1910
4%
591,100
See text
Tho collateral trust 4s are secured by $591,100 A tl. & Sub. 1st mtgo.
bonds and 2,995 out of 3 ,000 shares o f stock o f that company. They fall
duo Feb. 1 1928 or Feb. 1 1940.
, ,
„
,
_- _
,
O F F IC E R S .— Pres., Harry E . Kohn; Sec., L . R . Isonthal; T reas.,
I . L . Stone.
(1) A t la n tic C ity & S h ore R R .— An electric road.
O R G A N I Z A T I O N .— Incorporated in Now Jersey O ct. 21 1905 with a
perpetual charter. Leases Atlantic C ity & Ocean C ity R R .— seo terms
below— and owns $218,500 of tho common stock of the Atlantic C ity is
Ocean C ity C o m pa ny, which holds all the stock and bonds of tho Atlantic
C ity is Ocean C ity R R . V . 8 5 , p. 158. Cent. Pass. R y . is operated under
traffic agreement.
. ..
C o ntract w ith West Jersey & Sea Shore R R .— A traffic agreement has
been entered Into with tho W est Jersey & Sea Shore R R . by which the
Atlantic A v o. lino o f the lattor road, running from Atlantic C ity to Longport, 8 '4 miles, is operated by this com pany. Tho W est Jersey & Sea
Shore R R . has an option to purehaso from M a y 1 1913 to M a y 1 1918 a
majority of the Atlantic C ity & Shore R It. stock. V . 8 5 , P- 158.
STOCK A N D BON DS—
D a te .
In te re s t.
O u ts ta n d in g . M a tu r ity .
..
$1,000,000 - - - - - - - - -
Stock, $1,000,000 ( $ 1 0 0 ) - - . 1st mtge & coll trust deed/ 1905
5 g J -D
950,000 Dec 1 1945
$1,000,000 ($1,000) g - c * t f ) Int. at Girard Trust C o ., Phila., Trustee.
Bonds.— N o sinking fund, but can bo called at any time at 1 10 and Int.
R O A D .— Operates 4 7.45 miles of track in and around Atlantic C ity, in
cluding a road through Pleasantville, Linwood and Somers Point, to Ocean
C ity, the latter two points being connected by 2 miles of trestle and bridge
owned by tho Atlantic C ity & Ocean C ity R R .
E A R N I N G S .— For calendar year 1912, gross, $635,335; oper. exp. and
charges, $585,520; surplus, $49,815.
O F F IC E R S .— Pres., W m . A . Stern: V .-P ., Charles Evans; Sec., J. M .
Campbell; Treas., I. L . Stone; Gen. Su pt., Geo. F . Faber.— V . 8 5 . p .
158; V . 86 , p. 1099; V . 8 8 , P- 685; V . 90, p. 1424.
(a) A tla n tic C ity & O cean C ity C om p an y.
The Atlantic C ity & Ocean C ity C om pa ny was organized in Delaware
and owns tho entire ($180,000) stock and all tho ($180,000) bonds of the
Atlantic C ity is Ocean C ity R R ., and has pledged them as security for the
collateral trust bonds below. O f tho common stock of tho Atlantic C ity is
Ocean C ity C o m pa ny, $218,500 is owned by the A tl. C ity & Shore R It. The
latter leases the A tl. C ity & Ocean C ity R R . for 999 years, the rental boing $19,500 per annum, and an additional contingent sum equal to 33 1 -3 %
o f the not surplus, but not to exceed $25,000 per annum .
STOCK A N D BONDS—
D a te .
In te re s t.
O u ts ta n d in g . M a tu r ity .
220,000
________
Com m on, $ 350 ,00 0____________ ______
175.000 .......... ...........
Pref 5 % non-cum $250 ,0 0 0 ..................
----- - - 350.000 M ar 1 1947
Collateral trust gold $500.-1 1907,
5 M -S
000 redeemable 110 & lnt t f /Girard Trust C o. Philadelphia, Trustee.
Slock.— The prof, stock is redeemable at par.
R O A D .— The Atlantic C ity & Ocoan C ity R R . owns 2.61 miles of road
from Somers Point, across Great Egg Harbor B ay, on bridge and trestles,
to Ocoan C ity.
Rails, 85 lbs.
V. 8 5 , p. 158; V . 87, p .1 6 5 .
O F F IC E R S .— Pres., Penrose Fleisher; S e c., J . M . Campbell; Treas.,
Irvin L . Stone.
(2) A tla n tic & S u b u rb a n R y .
T
.
O R G A N IZ A T IO N — Incorporated in Now Jersey D ec. 4 1908 as a re
organization of tho Atlantic C ity & Suburban Traction C o ., sold under fore
closure of 1st mtge. V . 87, p. 1237, 1532.
STO C K A N D BON DS—
D a te .
In te re s t.
O u ts ta n d in g . M a tu r ity .
Stock, $750,000 ($50)------------------------------$ 1 5 ?’9RR - - - - - - - - -
First
mortgage,
$ 6 5 0 ,0 0 0 / 1909
4 g F -A
591,100 Aug 1 1929
($1,000) _______________ c * t f ( I n t . at Cambridge T r . C ° - . Chester Pa. T r.
Prior lien M , $100,000, g u a r / ____
5%
100,000 Fob 1 1925
p & i, by A C & S C o - . - t f )
__
10„ _
B o nds.— Bonds havo no sinking fund. V . 8 7 , p. 1237.
E A R N I N G S .— For calendar year 1912, gross, $94,237; oper. exp. and
charges, $92,814; surplus, $1,4 2 3 .
, . . . .
.
R O A D .— Operates 16.13 miles of track from Atlantic C ity to Pleasantvillo, Somers Point and Absecon. Standard gauge, 80-lb. T rail.— V. 8 7 .
p. 872. 1237, 1299, 1532; V . 88 , P. 881: V . 90. P. 1424.
O F F IC E R S .— Pres., Harry E . Kohn; V .-P ., R obt. Wetherill; S ec.,
J. M . Campbell; Troas., Irvin L . Stono.
$
AUGUSTA, GA.
A U G U S T A -A IK E N R Y . & EL E C . C O R P O R A T I O N .
O R G A N I Z A T I O N .— ’Incorporated in South Carolina in 1911 as a con
solidation o f tho following companies:
Augusta-Aiken R y. & Elec. C o.
I Augusta R y . & Elec. C o.
Augusta & Aikon R y. C o.
North Augusta Elec. & Im pt. C o.
Augusta is Columbia R y . C o.
I
,
Owns and operates entiro railway systems o f Augusta, G a ., and North
Augusta, S. C ., and a lino from Augusta to Aikon, S. C . . A l s o furnishes
entire electric light and power scrvico In Augusta and its suburbs and owns
valuablo real estate in central part of Augusta. Railway /ranchisc in
Augusta oxplros 1939; electric-lighting fra n c h is e runs until 1939 or longer
Interurban division is on private right o f way. V . 92, p. 1177. Also own
all securities of North Augusta Hotel C o. (owner of H am pton Terrac
H otel), and 9 9 % of securities of North Augusta Land C o . Likowiso own
all the common stock of tho G a.-C aro. Inveetment C o. See remarks below
J a n , 1914. J
ELECTRIC RAILWAYS
11
N e w H y d ro -E le c tric D e velopm ent.— On July 20 1912 shareholders approved
O F F IC E R S .— Pres., W . G . Kerckhoff; V .-P ., A . C . Balch; Sec., L . M ,
the proposed agreements, dated July 1 1912, providing for the construc Farnliam; Treas. & C om p., A . E . Peat; G en. M g r ., A . G . W ishon.— V . 9 1 .
tion and financing of the Georgia-Carollna Power C o. s proposed hydro p . 965, 1332; V . 9 3 , p. 3 50, 4 12, 537; V . 94, p. 921, 1123, 1388; V . 95.
electric plant and system (to be completed by July 1 1914; initial installa p. 240, 1611; V . 9 6 . p . 139, 558, 1093, 1368 : V . 9 7 , p . 241. 732.
tion 12,000 h . p ., ultimate capacity about 31,000 h. p .) , on tho Savannah
River, and tho operation of same in porpotuity by Augusta-Aiken R y . &
E lec. Corp. They also voted to guarantee p rin ., int. and sink. fd. on
BALTIMORE, MD.
G a.-Carolfna Power C o. 1st M . bonds and div s from July 1 1915 on $ 750 .
Street ra ilw a y s o f B a ltim o re p a y a p a rk ta x o f 9 % o f gross e a rn in g s w ith in
000 pref. stock of Ga.-Carolina Invest. C o. A ll the pref. and common C ity L im its , except on tu rn p ik e s a n d p riv a te rig h ts o f w a y, a n d are required
stocks o f the G a.-C aro. Pow. C o. (incorp. in So. Caro.) are owned by the to pave between tra c k s a n d tw o fe e t on each side.
G a.-C aro. Investment C o . (a holding co. incorp. in M aine), all of the lat
ter com pany’s com . stock ($500,000 par) in turn being owned by the A u g.
U N IT E D R A IL W A Y S & E L E C T R IC C O . O F B A L T IM O R E .— Trolley
Aiken R y . & Elec. Corp. Soo abstract of plan In V . 95, p. 234. On July {See m a p o n page 12).
23 1912 Aug.-A iken R y . & Elec. Corp. shareholders were offered the right
O R G A N I Z A T I O N .— Incorporated at Annapolis M arch 4 1899. C om
to subscribe for above-mentioned $2,500,000 1st M . 5s of Power C o. and prises all the passenger railways in Baltimore C ity and Baltimore C ounty
$750,000 prof, stock of G a.-C aro. Invest. C o. at $880 and int. on bonds and lines extend into Anne Arundel County and Howard C ounty. Through
for each block, consisting of $1,000 bonds and $300 pref. stock. V . 9 5 , the present and previous consolidations, embraces the following;
234. In July 1913 $1,590,000 Georgia-Carolina Pow. 1st M . 5s ($ 2 , Baltimore Catonsville & Ellicotts Central Railway C o.
iiOO
1,000
2
outstanding) were offered in London with the right to subscribe in
M ills Passenger R R .
G w ynn’s Falls Railway o f Baltimore
respect o f each $500 bond at tho price of £15 for $100 7 % pref. stock of Baltimore C ity Passenger R y . C o.
C ity.
G
-----a r. 'In vest., carrying
'
cum. divs.
”
of----------------5 % quar. See V . 9 7 , p . 1 1 9 ,1 7 9 : Baltimore Consolidated R y . C o.
—a .-C
M aryland Traction.
V . 98, p. 154.
Baltimore & Curtis B ay R y.
Pimlico & Pikesville R R .
ST O C K A N D BON DS—
D a te .
In te re s t.
O u ts ta n d in g .
M a t u r it y . B alt. Gardensville & Belair Elec. R y . Shore Line Electric R y .
Com m on $2,250,000 ($ 10 0 ) .......................................
$2,250,000
Baltimore & Northern Elec. R y . C o. W albrook Gwynn-Oak & Powhatan.
Preferred 6 % cum sinco Jan 1
.
______
_ A ls°„°)rns all the stock, and holds a lease of the Baltimore Sparrows
1912 ( $ 1 0 0 ) ________ ______ ________
Q -M
1,500,000 D ec. ’ 13,114
Point & Chesapeake R y . C o.
3 ,000,000 D ec 1 1 9 3 5
First m tg $7,500,000 gold! 1910 5 g J-D
A llie d C o m p a n y.— In A u g. 1906 the M aryland E le c .R y ., which had agreed
( $ 1 ,0 0 0 ) ___________
c*/C en tral Trust C o ., N ew Y ork, Trustee.
Augusta R y & Elec 1st M gl 1900 5 g J -D
947,0 0 0 June 1 1940 to provide funds for needed improvements and acquisitions of the United
liy . <& Elec. C o ., was consolidated with the B alt. & Annapolis Short Line,
$1,000,000 ($ 1 ,0 0 0 )------- c * /I n t . at M er. T r . & D ep . C o ., B a lt., Trustee.
Ga-Carolina Invest C o, pref) ------Quar
750,000 ------------------- tnus torming tho M aryland Elec. R ys. See statement of that co. below.
ou?e/ W n} ! r!\ct-— Having canceled the contract for supplv of power made
stock ($750,000) see text)R ed . as a whole at 105 and accrued dividend.
with M cC all Ferry Power C o. in June 1907 (V . 8 5 , p. 163), in F eb. 1911
($100) cu m u lative .......... . . .
entered into a 15-year contract with Pennsylvania W ater & Power C o. for
G a-C aro Pow 1st M $ 5,000,
~ E P lylv g £ ? wer *2 conjunction with United Railways C o . for operation of
000 g ($500 and $1,000) - - 1912 5 J-J
2,50 0 ,0 0 0 July 1 1 9 5 2 cars.
v . \)Z, p. 4 67.
•
g u a r _____________________c*.
__
JCentral Trust C o ., N ew Y ork, Trustee.
Stock.— G a.-C aro. Investment C o. pref. stock is entitled to 5 % cum.
divs. (guar, by Aug.-Aiken R y . & Elec. C o.) from July 1 1915, and addi
tional non-cum. divs. of 2 % per ann. under certain conditions. Stock is
convertible at option o f Invest. C o. into pref. stock of Aug.-Aiken R y . & on the intangible property can bo levied without express legislative author
ity ; 1 ho easements in 14 miles o f turnpikes in annexed districts are held
E lec. C orp ., share for share.
V. 89, p. 4 4 .
Bonds.— O f tho $ 7,500,000 1st m tge. bonds, $94,000 are in treasury, to be taxable.
In April 1913 Judge Bond in the C ity Court at Baltimore decided that the
$947,000 aro reserve to retire A u g. R y . & Elec, bonds and $ 3,459,000 are
for additions, &c. Subj. to call as a whole (or in part for sinking fund) at company must pay cost o f repaving streets between tracks and 2 ft. on
105 and interrat on any interest day on 30 days’ notice. Interest is payable either side. See V . 96, p. 1090. On A u g. 5 1913, the Court o f Appeals of
?n .R ? lm onf &r & r ’o™ 0'v Y w k - Sinking fund beginning In 1916 provides M aryland reversed tho ruling and unanimously held that com pany’s obli
for payment of $25,000 per ann. 1st 5 years, increasing to $40,000 , $50,000 gation with respect to tho track area was to repair and not to ro-pave.
On Jan. 7 1 9 1 3 Judge Henisler in the Supreme Court at Baltimore ren
and $65,000 for each succrastve period of 5 years until maturity of bonds.
V . 92, p. 1177. Augusta R y. & Elec, bonds can be called in 10, 20 or 30 dered a verdict in favor o f the State Roads C om m , against the com pany in
the suit to recover cost o f changing and re-locating tracks, & c.— See
years from date at 105 and Int. on 6 m onths’ notice; sinking fund is K of 1 %
June 1 1905fo r 15 years, 1 % for next 10 years and 2 % for romain- V . 98, p. 157.
On July 5 1911 stockholders authorized $ 3 ,125,000 conv. and coll, trust
k1? * 0 years- $53,000 was held in sinking fund June 30 1913.
i n e G a.-O aro. Pow. bonds are subj, to call as a whole, or in part for notes (see below) to take up car trust certfs. Scries “ B ” and ‘ ‘O " and 1st M .
8k. fd. at 105 and int. Sk. fd . beginning with 1918 will bo sufficient to bonds and certfs. o f indebtedness o f Baltimore C ity Passenger R y .
retire t, i’ko bonds at maturity. They aro guar., p ., i. & s. t’., by A u g .STOCK A N D B O N D S—
D a te .
In te re s t. O u ts ta n d in g . D iv . o r M a t .
Aiken liy . & Elec. Corp.
V . 95. p. 179.
Com m on, $ 2 4,000 ,000 ( $ 5 0 ) . . ........
............... .. $ 1 9,709 ,000 J a n . ’ 1 4 , 1 %
4
24,000 D e c ’ 13, 2 %
D iv id e n d s .— Initial dividend on preferred— I A % — paid D ec. 30 1911. Pref, cum , $14,000 ,000 ($50)--------Same rate quarterly sinco to and incl. D oc. 1913.
Inc m tge, g, $ 1 4 ,0 0 0 ,0 0 0 ,/ 1899
4 g J -D
13,976,000
1949
cum , tax free, M aryland {Payable at option o f co. after M arch 1 1949.
E A R N I N G S .— For consolidated properties for 12 mos. ending July 31
T r C o, Trustee c* ($1,000) {In t. at Alex. Brown & Sons, Baltimore.
1913, gross, $613,039; net, after taxes, $255,788; other income, $30,390;
4 g M -S
28,277,000 M a r 1 1949
Int. & sink, fd ., $200,327; prof, d iv., $90,000; deficit, $4,150. In 1912. 1st con m tge, g , $38,000,0001 1899
($1,000); Continental T r/In terest at Alex. Brown & Sons, Baltim ore.
gross, $616,186; not, after taxes, $284,684; other inc., $30,985; in t., &
C o, Baltimore, T ru stee.c*j
sink, fd ., $185,647; surplus, before pref. divs. $130,021
R E P O R T .— For report for tho 26 months ending D ec. 31 1912, see Income fdg bonds ($100, $ 5 0 0 / 1906
5 g J -D
3,92 0 ,0 0 0 June 1 1936
and $1 ,0 0 0 ), $ 3 ,9 2 0 ,0 0 0 -.c lM a r y la n d Trust C o ., Trustee.
V . 9 6 , p. 1224.
R O A D .— Owns and operates 53.2 miles o f track, o f which 28.92 miles Convertible and collateral/ 1911
5 J-J
770,500 July 151 9 1 4
aro city lines and 24.28 miles interurban between Augusta and Aiken, 60
notes, $ 3 ,125,000 ($ 1 0 0 ,{I n t. at Alex. Brown & Sons, Baltimore.
to 100-lb. T rails. Standard gauge. Owns Lake View Park on Lake
$500) a n d $ l ,o 0 0 ) ________ clSafe Deposit & Trust C o ., B a lt., Trustee.
Olmstoad.
Car trusts. Series “ A , ” $ 3 5 0 ,-/ 1904
5 g A -O
70,000
See text
O F F IC E R S .— Pres., F . Q. Brown; V .-P s ., J. II. Pardee, James U .
000, gold ($ 1 ,0 0 0 )---------------\Int. at Fidelity Trust C o ., B a lt., Trustee.
Jackson and E . O . Deal; Sec. and T reas., D . I I . Thomas; M g rs., J. G .
U N D E R L Y I N G S E C U R IT IE S .
W hite M g t. Corp.— V . 93. p. 1724; V . 94, p. 205; V. 95, p. 175, 234, 360, B a ltim o re T ra c tio n — 1st ($1,
1889
5 M -N
1,500,000 N o v 1 1 9 2 9
1121. 1683; V . 96. p . 1224; V. 97, p . 116, 1114; V . 98, p . 154.
000) mtge; Trustee Mercan Interest at National Mechanics’ Bank,
tile Trust & Deposit C o .. c
Baltimore.
AUSTIN^ TEX.
N B D iv 1st ($1 ;000) 5s, g; 1892
5 g J-D
1,750,000 June 1 1942
A U S T IN S T R E E T R Y .— A trolley road.
Trus, M erT r& D ep C o-_c Int. at National Mechanics’ Bank, Baltimore
O R G A N I Z A T I O N .— Incorporated in Texas on Jan 3 1911 as euccessor C ity & S uburban Ry Bonds—
1892
5 g J-D
3,000,000 June 1 1922
to4S.e Austin Electric R y . F ranchise expires in 1942.
1 st m tge, g ($ 1 , 0 00 ) ----------- In t. at Alex. Brown & Sons, Baltimore.
STO C K A N D BON DS—
D a te .
In te re s t.
O u ts ta n d in g .
M a tu r ity .
Safe Deposit & Trust C o ., B alt., Trustee.
$560,000
See text.
Com m on $750,000 ($100)...........................................
B a ltim o re C a ton sville & E l l i 1896
5 J-J
500,000 July 1 1 9 1 6
Pref $500,000 ($100) 6 % n - c . _ ____
_________
250,000
See text.
co lt’s M il ls — 1st m ortgage,{Safe D ep. & T r. C o ., B a lt., Trustee. In t.
First & ref mtg $ 1,500,000) 1911 5 g J-J
671,000 Jan 1 1936
$500,000, prin, g ___________
at National Mechanics’ Bank, Baltimore.
gold ( $ 1 ,0 0 0 ) --------------c * t f /I n t . at Equitable Trust C o ., N . Y . , trustee. Lake
R o land
Elevated— 1st 1892
5 g M -S
1,000,000 Sept 1 1942
B o nds.— $863,000 1st & ref. bonds are reserved for additions, & c. They
consol
mortgage,
gold Interest at Alex. Brown & Sons, Baltim ore.
aro subject to call on any int. date at 1 0 2 Annual sinking fund of 2 %
($ 1 .0 00 ) ________ ! _ . . c * & r
Baltimore Trust C o ., Trustee.
of bonds out begins in 1915.
V. 92, p. 185; V . 93, p. 1461.
C e n tra l Ru— Consol mortgage 1892
5 g M -N
700,000 M a y 1 1932
D iv id e n d s .— 6 % is being paid on pref. and 4 % on common stock.
$ 700 ,00 0, gold ( $ 1 , 0 0 0 ) . .. Interest at National Mechanics’ B ank, B a lt.
E A R N I N G S .— For cal. year 1913, gross, $258,405; net, $110,937; int.
Mercantile T r. & D ep. C o. o f B a lt., Trustee.
and taxes, $44,819; surplus, $66,118.
E x t and imp 1st m tge,
1897
5 g M -S
600,000 M ar 1 193H
21.4 miles of track. 55 and 72-lb. rails; 34 cars.
$600,000, g ($ 1 , 0 0 0 ) ____ Baltimore Trust C o ., Baltimore, Trustee.
O F F IC E R S .— Pres., W . J. Jones; V .P ., F . II. Watriss: Sec., A . L . K al_
j
. . ______
Interest at N a t. Mechanics’ Bank, B alt.
loch; A sst. Sec., G . P. Gannett, Augusta, M e .; Treas., E . P . Wilinot; A sst.
B o nds.— O f the $ 38,000 ,000 of 1st consolidated bonds, $28,277 ,000 have
1461S’i531
M acom bo’ A u « usta. M o .— V . 92, p. 185; V . 93, p . 526, Deen issued ($2,368,000 being in treasury) and $ 9,723,000 (of which $6 7 3 ,
000 is deposited as security for conv. and coil. tr. notes) have been set aside
for the retirement o f underlying securities. Income funding bonds are re
BAKERSFIELD, CAL.
deemable on any int. date at par and accrued int. The convertible and
collateral trust notes are secured b y deposit o f $673,000 first consol, bonds
SAN JOAQUIN LIGHT & POWER CORP.
O R G A N I Z A T I O N .— Incorporated in California in July 1910 as a consoli and $1,541,000 common stock. T h ey were redeemable at par and interest
dation of the San Joaquin Light & Power C o ., tho Power Transit & Light on 60 days’ notice and were convertible into common stock at $25 per $50
C o . (Bakersfield) and tho Merced Falls Gas & Electric C o . F ranchises in share up to and incl. Jan. 2 1914; the right to convert ceases on the sam e date
V . 9 7 , p. 667. The Series “ A ” car trusts outstanding were
cities are perpetual; outsido of cities, with two exceptions, extend beyond (Jan. 2 1914).
1950. About one-half the total length of transmission lines will bo on priv originally $350,000; they mature $35,000 per annum on Oct. 1 from 1905 to
ate right o f w ay. Operations extend into tho seven principal counties of the 1914, both incl. A ll bonds aro listed on Balt. Stock Exchange and the
1st consol. 4s and $ 1 4,000 ,000 incomo 4s aro listed on Phiia. Stock Exch.
San Joaquin Valloy, a territory 195 miles long and 78 miles wido.
Stock.— Tho preferred stock reported above as outstanding is all that
In M arch 1912 bankers in San Francisco offered a block of pref. stock at
remains o f the original issue of $14,000 ,000 , the rest having been converted
8 5 , with a bonus of 2 5 % in common. V . 94, p . 9 21, 1123.
In July 1913 shareholders sold an issue of 2-yr. 6 % coll, trust notes to into income bonds. C om . stock listed on Baltimore and Philadelphia
Stock Exchanges. V . 96, p. 1631; V . 97, p. 667.
N . W . Halsey & C o.
V. 97, p. 241.
D I V I D E N D S .— Dividends of A of 1 % were paid in June 1899 and 2 1 4 %
ST O C K A N D B ON DS—
D a te.
In te re s t.
O u ts ta n d in g .
M a tu r ity .
in D ec. 1899, and 2 % each six months after that to and including D ec. 1903,
Com m on $ 1 5 ,0 0 0 ,0 0 0 -------- ----------------------------- $11,000 ,000 ____________
on both the income bonds and the prof, stock, the payment on the stock
Pref. $10,000 ,000 ($ 100)6% cu m . —
Q-J 15
6.500,000
See text.
o f 1 % for taxes.
1st & ref mtge $25,000,000 g l
1910 5-6 F -A
4 ,260,000 Aug 1 1950 (but not on the bonds) being subject to a deduction of
($1,000) sinking fu n d .c& r*/T ru st C o. of A m cr.. N . Y . , trus.; Int. in N .Y I Payments due June and December 1904, June and December 1905 and
690,000 Aug 1 1915 Juno 1906 om itted, and in 1906 coupons for these dates were funded, and
Coll trust notes------------------------ 1913 6 Quar.
8an Joaquin L & P Co 1st M l
1905 5 J-D
2 .720,000 June 1 1945 subsequent coupons were In like manner funded as they matured up to
and including D ec. 1910. On June 1 1911 paid 2 % on both income bonds
$3,000,000 s f ( $ 1 ,0 0 0 ) .-c*/R ed eem able at 110 and interest.
and pref. stock; D e c ., 2 % .
In 1912, June, 2 % ; since then 2 % each six
San Joaquin Power C o _______ ______
5%
104,000
1942
m onths. On com. 1st div.— 1 1 4 % — paid M a y 1912; N o v ., 1 1 4 % .
In
Selma Light & W ater C o ---------------6%
10,000 1913-1920
(See
Power Trans & Lt M $2,500,-1
1903 5 g J-D
105.000 June 1 1933 1913, April, 2 % ; July (quar.), 1 % ; O c t., 1 % . In 1914, Jan., 1 % .
V . 96, p. 1841).
000 gold ($1,000)---------------/M ercantile Trust C o ., San Francisco, trustee
R O A D .— Miles o f track, 403.348; cars, 1,855; gauge, 5 f t . 414 Inch. Rails,
Bakorsfiold & Korn Elec Iiy l
1903 5 g J-J
94,000 July 1 1931
70-lb. T and 9-in. and 124M _lb. girder. Capacity of (4) generating sta
$250,000 gold ($ 1 ,0 0 0 )---C /U n io n Trust C o ., San Francisco, trustee.
Bakersfield Gas & Elec Lt m t g ____
6 B’-A 15
18,000 Periodically tions, 45,205 k .w .; capacity of (5) sub-stations, 32,000 k.w .
m o c k .— Capital stock cannot bo Increased without assent of three-fourths
R E P O R T for the year ending D ec. 31 1912 in V . 96, p . 1223.
o f stock o f both classes.
„
„
1912.
1911.
1910.
1909.
Ist & ref- m tge. o f 1910, Series A ($1,500,000. all out) Car miles run...................... 29,472,537 28,698,339
27,911,573 2 7,124,556
bear 6 % int.; Series B , o f which sufficient aro reserved for underlying liens, Revenue passengers-------172,233,341 161,467,727 154,928,785 145,601,990
poar int. at 5 % ; remainder can be issued at not exceeding 6 % interest Transfers............................... 69,344,828 64,643,636
60,789,807 5 7,030,556
for additions, improvements, & c.. at 8 5 % of cost under certain restrictions. Gross earn ings----------------- $8,571,489 $8,025,758
$7,687,895 $7,209,984
?a
on any interest date. Bonds have sinking fund Operating expenses------- 3,868,876
3,681,093
3 ,601,896
3 ,361,872
o f $15,000 to $150,000 annually from A u g. 1 1915 to A u g. 1 1924, Incl.;
thereafter ranging from 2 ^ % annually or bonds out from A u g. 1925-30,
N et earnings.......... ..........$4,702,613 $4,344,665 $4,085,999 $3,848,112
tocl., to 4 ^ % annually from A u g. 1945-49. incl. V . 91, p. 1332. Coll, Other income___________
5,515
2,640
2,490
2,490
trust notes are rod. at 1 0 1 & in t .; are secured by $920,000 first & ref.b on d s
not included in amount out above.
Total income_________ $4,708,128
$4,347,305 $4,088,489 $ 3,850,602
Di® Wen (Is .— 6 % is being paid on preferred stock.
D e ductions— ■
L A T E S T E A R N I N G S .— For 12 months end. N o v . 30 1913, gross, Fixed charges and taxes. $3,004,415 $2,919,686 $2,861,635 $2,734,18$
$ 1,738,438; net, $927,224; b it., & c., $494,626; balance, $432 ,59 8.
Extraordinary expend-.
_______
450,944
864,049 a l.0 1 3 ,4 1 3
E A R N I N G S .— Bor calendar years:
Depreciation____________
428,574
C a lend ar
Cross
E x p s ., M a in t .
Net
In te re s t
Balance, Exting. disc, on secu rs..
38,056
Y e ar—
E a rn in g s .
a n d Taxes.
E a rn in g s .
S k. F d ., Jec.
S u rp lu s . Income bond interest___ 1
560,000
560,000
1 0 1 2 ..........$1,404,648
$540,276
$864,372
$450,319
$414,053
Preferred dividends____ /
1911 ........... 1,101.130
481,593
622.537
354,191
268.346
P R O P E R T Y .— Operates street railway In Bakersfield. Operates power
Total deductions____ $4,031,045 $3,930,630
$3,725,684 $3,747,601
houses with 37,000 h .p . capacity. Operates 2,300 miles or transmission. Balance surp lus........... ..
$677,082
$416,675
$362,805
$103,061
& c .t lines. Dora gas business in Bakersfield, M erced and Selma.
a Includes $456,693 brought over from 1906.
RANDALLSTOWN
7 To TOWSON
\To Emory Grove, Glyndorf\.
KReisterstovjn, Owings Milly\.
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BALTIM ORE
(V o l .
MAP OF THE
OF BALTIMORE
m
F T . HOWARD
x c v iii.
UNITED R AILW AYS & ELECTRIC CO.
O F F IC E R S .— Prca., W illiam A . Houso; V .-P ., Frank A . Furst; 2d V .- P ..
and Gon. M g r .. Thos. A . Cross; Sec., W illiam Early; Acting T reas.. J . 1 .
Staub; Auditor, N . E . Stubbs.— V . 94, p. 4 1 8 , 1058, 1179, 1187; V . 9 5 , p.
9 5 , 1124; V . 96, p . 1090, 1158. 1223, 1631, 1841; V . 97, p . 6 67. 952, V .
9 8 , p. 157.
(1)
B altim ore Sp arrow s P o in t
& C h esa p ea k e R y.
O R G A N I Z A T I O N .— In Jan. 1903 was loasod for 999 years to the U n.
R ys. & Eloctric C o. of Baltimore, which guarantees the bonds below, both
as to principal and interest, and also owns all of the stock. See V . 7 9 . p.
2643.
Has 35 mllos o f single track, including a lino 22 miles long connecting
Baltimore with the M aryland Steel W orks at Sparrows 1 oint, and extend
ing boyond along the shore of Chesapoako B a y . where summor resorts nave
been established.
.
In te re s t. O u ts ta n d in g .
M a tu r ity .
Date.
STOCK A N D BO N D S*400,000
Stock, 1 2 ,0 0 0 ,0 0 0 -
First m tge., $2,000'.666r g o ld ] 1903
13
ELECTRIC RAILWAYS
J an ., 1914.]
4
H _g “F -A
2.000.000 Feb
1 1953
(5 1 .000) guaranteed. prln-|Fidelity Trust C o ., Baltimore, T r u s t e o . ^
clpal and Interest_______ c* [interest at Alex. Brown & Sons, Baltimore.
R E P O R T ,— Operations included in United R ys. & Elec. V . 8 0 . p . 221.
(2) B altim ore H a leth o rp e & E lkridge R y.
O R G A N I Z A T I O N .— Incorp. on D ec. 26 1 ^ 5 . n,5n^ ® l^ n5 : FM ehul
s m n nnn- nut,standing S10 000 . Has made a * 3 0 0 ,0 0 0 m tge. to Fidelity
I r u s tC o '. of*B sdthnor e ,’ t W
°
20 -y e a r5 % bonds, prln. and int payable
at Alexander Brown & Sons, B alt.; not guar, by United R ys. & Llec. C o.
N one out. Owns 2.964 mhos of road, which is operated by United R ys. &
Elec. C o .— V . 87. p. 543.
_______
cars, 7 snow-plows and 1 sprinkler. Power stations have total capacity
of 17.700 h . p.
O F F IC E R S .— Pres., John R . Graham; V .-P ., Frank Silliman Jr.; Clerk
& Treas., Howard Corning. Under management of E . W . Clark & C o .—*
V . 84, p. 338; V . 8 7 , p . 1009; V . 89, p . 777; V . 9 2 , p . 1374; V . 9 3 , p. 468,172 4
BARRE, VT.
M O N T P E L IE R & B A R R E L I G H T & P O W E R C O .
O R G A N I Z A T I O N .— Incorp. in M ass, on N o v . 12 1912 and owns a con
trolling interest in tho Barro & Montpelier Trac. & Power C o . Also own*
all the stock of the Consolidated Lighting C o ., Vermont Power & L tg . C o .,
Corry-Deavitt-Frost Elec. C o. and M o lly ’s Falls Elec. L t. & P . C o . On
Feb. 15 1913 tho business of those companies was consolidated and leased
to Consolidated Lighting C o. for 99 years from Feb. 1 1913.
In A ug. 1913 the stockholders authorized an increase in preferred stock
from $1,100,000 to $ 1 ,3 1 0 ,0 0 0 . Tho new stock is to be issued in the
discretion of tho directors. V . 9 7 , p . 668.
STOCK A N D BO N D S.
D a te .
In te re s t. O u ts ta n d in g .
M a tu r ity .
Com m on $1 ,0 0 0 ,0 0 0 ($100)............... ------------------S l.0 0 0 .0 0 0 - - - - - - - - - 6%
l,1 0 0 ,0 0 0 J a n '14 $1.50
Pref $1 ,3 1 0 ,0 0 0 ($100) cum _________
Barre & M ontp Trac 1st M g f 1897
5 g M -N
100,000 N o v
1 1917
$100 ,00 0 ($500 each), n o tlln t . at American T r . C o ., B oston, trustee.
subject to call___________ c * [
___ __
_ ___
Consolidated Lighting C o ____ ________ 5
J-J
700,000 Jan
1 1926
Vermont Power & Ltg C o ____ ________ 5
M -S
4 0 0,000 M ar 1 1927
Corry-D eavitt-Frost E l C o ___ ________ 6
M -S
115,000 M a r 1 1930
B o nds.— T h e above bonds of light and power companies are guaranteed
b y the M on tp . & Barre L t. & Power C o .
D iv id e n d s .— A d iv. o f $2 50 was paid on the pref. stock A p r. 1 1913,
covering the 5 months from date o f organization on N o v . 12 1912 to April 12
1913; *1 50 paid July 15; O c t., $1 50.
In 1914. J an ., $1 50.
E A R N I N G S .— From N o v . 12 1912 to June 30 1913, revenues, $63,738:
net, $55,845; deductions, $24,591; surplus, * 3 1 ,2 5 3 .
R O A D .— T h e Barre & M ontpelier T rac. & Power C o . owns 10.5 miles
of track between Barre & M ontpelier. 58-lb. T rail. Gauge 4 ft. 8 K In.
O F F IC E R S .— C h . of B d . of Directors, C . I I . Tenney; Pres., A . B . T en
ney; V .- P ., D . Edgar M anson; G en. M g r ., I I . T . Sands; Clerk, H . P . W ood ;
T reas., E . A . Bradley; A sst. Treas. and A u d ., H . A . G ldney.— V . 95,
p . 1331; V . 9 7 , p. 6 6 8 . __________ ____ _________ _
T H E M A R Y L A N D E L E C T R IC R A I L W A Y S C O .
O R G A N I Z A T I O N .— In 1906 the charter of the M aryland Elec. R y . was
acouired by interests friendly to the United R ys. & F.loc. for the purpose,
among others, of using that company to finance thoneods of the United R ys.
& Elec C o . for additional property, and charter amended by Legislature in
1900 to adapt it to that purposo. In A ug. 1906 was consolidated with the
Baltimore & Annapolis Short Line, which latter line has since been electri
fied. The M aryland Electric R ys. then acquired car-barn sites, terminals,
& c., and Is erocting buildings, constructing extensions, purchasing equip
m ent, & c., which is leased to the United R y . & Electric C o . for an annual
rental of 6 % upon tho actual cost of the property. A t maturity of the
*8,000,000 bonds of Th e M aryland Elec. R y s ., tho United obligates itself
BATON ROUGE, LA.
to purchase the projporty so leased at a sum sufficient to retire the bonds.
B A T O N R O U G E E L E C T R IC C O .
See plan in fuil in V . 83, p. 156. There is no guaranty endorsed on bonds,
but tho terms aro such that rontal will bo moro than sufficient to pay inter
O R G A N I Z A T I O N , & c.— Organized in Louisiana; does entire electric
est. Stock listed on Baltimore Stock Exchange in Feb. 1908.
railway, electric-lighting, power and gas business in Baton Rougo. Rail
way franchise expires 1940; gas 1942, electric-lighting and power 1988.
STOCK A N D BON DS—
D a te .
In te re s t. O u ts ta n d in g .
M a tu r ity .
V . 8 8 , p .8 8 1 .
Stock, *1 .2 0 0 ,0 0 0 (* 5 0 ).................................................
81,20 0 ,0 0 0 July’08, 1 %
STOCK A N D BON DS.
D a le .
In te re s t. O u ts ta n d in g .
M a t u r it y .
First m tgo, $8,000 ,0 0 0 . goldl 1906
5 g A -O
4 ,000,000 Oct 1 1931
(8 1 .0 0 0 ) , sinking fu n d c*tf/M erc a n tile T r. & D op. C o ., B a lt., Trustee. Com m on, $500,000 ($100)-------------------—
*30 0 ,0 0 0
Baltimore & Annapolis first f 1906
5 g F -A
1,000,000 Aug 1 1946 Pref, $250 ,00 0 ($100) 6 % ----------------J -D
2 00,000 D e c ,13, 3 %
mortgage, 8 1 ,0 0 0 , 0 0 0 - - - tf(F id elity Trust C o ., Baltimore, Trustee.
4 15,000 Feb 1 1939
1st mortgage, $ 7 50 ,00 0, gold] 1909 5 F -A
[interest at Alex. Brown & Sons, Baltimore.
($500 and S 1 ,0 0 0 ) ---C * . t f /I n t . at Old Colony Trust C o ., Boston,trustee
Slock.— D iv . on pref. is cumulative after June 1912. Redeemable at 110.
B o n d s — A s in k in g fu n d of 1> $% on M aryland Elec. R y . 1st m tge. bonds
B o nds.— 510,000 bonds aro in treasury o f company; remaining bonds
out began M ar. 30 1910. Bonds are redeemable at 110 and int. on any int.
date upon 90 days' notico.
Interest payable at office of A lex. Brown & m ay bo Issued at not to exceed 8 0 % o f cost of additions and improvements.
M a y bo called, in whole or in part, at 105 and int. on any int. da y. Sinking
^ ° IH v id e n d s ,— FirstPdividend7°(l ' A % ) was paid in Jan. 1907 and 2 % was fund of 1 % per annum of bonds out begins Feb . 1 1 9 1 4 .
D iv id e n d s .— On pref., 3 % s.-an n . from D ec. 1911 to and Incl. D ec. 1913.
paid July 1 1907. In 1908. Jan., l % ;J u l y , 1 % ; none since to Jan. 1914.
E A R N I N G S .— For 12 m os. ending D ec. 31 1913, gross, $163 ,12 8; net
R O A D .__ Operates 25.3 miles of track from Cliffords to Annapolis, which
after
taxes, $60,747; charges, $20,971 ; sinking fund, $ 3,804; pref. divs.
has been converted to electricity. An extension known as tho St. Paul St.
( 6 % ) . $12,000; balance, $23,971 .
,
„
, , ,
_
.
Boul. lino was completed in 1907; it is leased to United R ys. & Elec. C o.
R O A D .— Operates 6 23 miles or track in form o f a single belt through
O F F IC E R S .— Pros., John Wilson Brown; V .- P ., C . Loomis Allen; Sec., Baton Rouge; 13 cars; standard gauge.
Austin McLanahan; Treas., G eo. M a y ; Gen. M g r ., T . C . Cherry.— V . 8 5 ,
O F F IC E R S .— Pres., Harry H . H unt; V .-P s ., E d w . Godchaux and G uy
p. 1577; V . 86. p. 337, 1159; V . 88, p. 686.
L . W eym outh; Sec., Alvah K . Todd; T reas., Henry B . Sawyer; G en. M g rs.,
Stone & Webster M g t . Ass’n; M g r ., T . C . Keeling.— V . 8 4 . p . 506; V . 8 8 ,
BANGOR, ME.
p . 881; V . 8 9 . p. 7 2 0 . __________ ___ ___________
B A N G O R R A I L W A Y & E L E C T R IC C O .
BEATRICE, NEB.
O R G A N I Z A T I O N .— Incorp. Fob. 16 1905 in M alno and is a consolida
tion of tho Bangor Orono & Old Town Ity ., Bangor Hampden & W interO
R
G
A
N
I
Z
A
T
K
^
.-^
^
o
r
m e r l'y operated tho street railway in Beatrice,
port l ly .. Public Works C o ., Old Town Electric C o ., Brower W ater C o.
and Penobscot Water & Power C o. On Feb. 1 1907 purchased tho Bangor 7 miles, but this has since been given up and there is no street railway in
& Northern R R .
V. 82. p. 333. Owns tho ontiro capital stock of tho operation any longer in Beatrice. T h e Beatrice Klectric C o . now does only
____________
Bangor Power C o ., also the entire capital stock, with tho exception of ono an electric-lighting business._______
share, o f the Bar Harbor & Union River Power C o ., and all the capital
stock of the Orono W ater C o. Owns and operates without competition the
BEAUMONT, T E X.
electric railway lines in Bangor and Brower and tho linos connecting Bangor
E A S T E R N T E X A S E L E C T R IC C O .
with Ham pton, Orono, Old Tow n, Charleston and intermediate towns.
O R G A N I Z A T I O N .— Incorp. in M aine in D ec. 1911 and owns the stocks
Also the entiro electric lighting and power business of Bangor, Old I own,
M ilford, Orono, Brower, Hampden, Vcazio, Kenduskoag and Orrington, and bonds of the Beaumont Electric Light & Power C o ., Port Arthur Light
with tlio exception of tho municipal lighting in Bangor, and furnishes the & Power C o . and Port Arthur Ice & Refrigerating C o ., which do the entire
water supply to Veazto, Old Tow n , Stillwater, M ilford, Great W orks electric-lighting and power business in Beaumont and Port Arthur and the
and Brower. In addition to the above, tho com pany, through its controlled ice-manufacturing and refrigerating business in the latter city, and also of
companies, doos tho entire electric lighting and power business in Ellsworth the Jefferson C ounty Traction C o ., which in D ec. 1913 completed an inter
and on M t . Desert Island. Also furnishes tho water supply to Ellsworth urban electric railway between Beaumont and Port Arthur, a distance o f 20
miles. F ran c h is e s in Beaumont expire in 1963; in Port Arthur in 1943. The
and Orono.
F ra n ch ise s.— Franchise for about 8 miles of track in Bangor expires in interurban railway is chiefly on private right-of-w ay. In June 1913 pur
1937; francliiso covering operation of 2 miles of track in tho city of Brower chased the $600,000 stock and $200,000 o f tho $600 ,00 0 bonds o f tho Beau
expires in 1940. All others aro perpetual.
m ont Traction C o ., with a view to operating that road in connection with
ST O C K A N D B O N D S—
D a te .
In te re s t. O u ts ta n d in g .
M a tu r ity . the Jefferson C ounty Traction C o. V . 96, p. 1629.
ST O C K S A N D B O N D S .
D a te .
In te re s t. O u ts ta n d in g .
M a t u r it y .
--a - ;- $2,000,000
Com m on, *2,0 0 0 ,0 0 0 ($100)...............
1,500,000 J a n .'14, I H
7 Q-J
P fc r *r,5 0 0 ,0 0 0 7 % cum($100) - - - - - - - - - - - S}.400,00&
Com m on $ 2 ,000,000 ($100)...............
2,000,000 April
1 st cons M , gold, $ 2 ,000,000,
1905
5 g J-J
_ 1 1935
- - Prof cum $ 2 ,000,000 ( 8 1 0 0 ) - - - - - - 6 % J-J
^ n n ’nnn
($500 SI 000)
.............c* I Guaranty Trust C o ., New York, Tsusteo.
1st mortgage collateral trust] 1912
5 M -N
800,000 N o v 1 1942
cold
c*&r t f l i n t , at State St. T r . C o ., Boston, trustee.
_
6 0 0 ,0 0 0 .April 1 J 9 29
Public W orks C o, 1st, gold.\_ 1899 _ 5 g _ A - 0
Coupon notes $500 ,00 0 gold! 1913
6 g J-J
500,000 July 1 1916
($500 & * 1 ,0 0 0 )_____ c * . t f [in t . at State St. T r . C o ., B oston, trustee.
Beaumont Traction 1st M V 1909
5
400,000
m
$600,000 .
_________ trfln terstate Trust & Banking C o ., Trustee.
Stock.— Pref. stock is callable at 110. * 5 0 .0 0 0 in treasury (in addition
to amount shown above).
,
D iv id e n d s .— 6 % is being paid on the preferred stock.
B o n d s.— Authorized amount of bonds not limited. $400,000 in treasury
^ gago, gold, not subject to|ln t. at Portland (M o.) N a t. Bank and Union in addition to amount outstanding as above. Additional bonds m ay be
c a l l - - . ................- ..................... \
Safo D ep.& T r. Co..Portland. M o .. Trus.
issued for 7 5 % of cost of acquisitions, im pts., add’ns, & c ., under certain
Bonds.— Tho first consol, bonds aro subject to call on 60 days' notico at restrictions. Callable as a whole (or in part for sk. fd .) at 105 and Int.
1074$ & int. on any int. dato. Int. at office o f trustee, N . Y . , or Eastern Sink. fd. 1 % yearly o f bonds out, begin. N o v . 1 1917. C oup, bonds in deTrust & B kg. C o ., Bangor. See particulars, bonds, property, & c., V . nom. of 81.000 and 8500 and reg. bonds o f $ 5,000 and multiples. V . 9 5 ,
87, p. 1009. Tho Public W orks C o. bonds aro not subject to call; V. p. 1745. The 3-year coup, notes aro red. at 100 & int. on 30 days notice.
80, p. 2456. $934,000 Bar Harbor & Union River Power C o. bonds have
E A R N I N G S .— For 12 m os. ending D e c .31 1013 (combined companies),
been issued, of which $629,000 aro deposited under Bangor R y . & Elec. gross, 8440,442; net, $169,850: other income, $42,682; interest, $71,177 ;
1st cons. M ., $16,000 aro owned by that co. and $283,000 In hands of
pref.
divs., $84,000; surnlus, $57,355 .
. . . .
public. $6,000 in treas. of B . H .& TJ. R . P. C o. O f tho remainder, $100,
P ro p e rly a n d P la n ts .— Tho electric light and power generating plants serr000 aro reserved to retire Bar Harbor Elec. L t. bonds and $966,000 for exten ing Beaumont and Port Arthur have a present combined capacity o f 7,9 4 0
sions, & c., at 8 5 % of cost ofsam o. They aro guar., p. & i., by Bangor R y. & h. p .; ice plant at Port Arthur, as recently enlarged, 75 tons o f ice per day;
Elec. C o. and aro subject to call at 1074$ and int. on any int. date on 60 street railway in Beaumont operates 28.73 miles single track with 20 motor
days’ notico. Int. at Merrill T r. C o ., Bangor; also in N . Y . and Phila. cars and 6 other cars and power station of about 800 h. p. The 20-m lle
Trustee of Bar Harbor Elec. Lt. C o. bonds is Union Safo Deposit & T r. C o .. electric railway between Beaumont and Port Arthur was formally opened
Portland, M e . O f Bangor Power C o. 1st M . bonds, $750,000 Series A (all
out) boar int. at 4 % to Sept. 1 1916; 4 4 4 % to Sept. 1 1921 and 5 % there on D ec. 15 1913. V . 97, p. 1822.
O F F IC E R S .— Pres., Marshall M . Phinney; V .- P ., G uy L . W eym ou th;
after to maturity. Series B , $1,750,000 autli. ( * l,0 0 0 c * ) , $410,000 out
standing. *30,000 in treas. of Bangor R y. & Elec. C o. and 81,310,000 ro- Sec., C . M . Clark: T reas., II. B . Sawyer. G en. M g rs ., Stone Jc W ebste*
sorved for extons., bott’ts, & c., at 8 5 % of cost of samo. Subj. to call at 105 M g t . Assn.— V . 93, p. 1791; V . 94, p. 1766; V . 95, p . 1210, 1745; V . 9 6 .
and int. on any int. dato on 60 days notico. N o sink. fund. Both series p . 1627, 1629; V . 97, p . 4 9 , 1822.
guar. p. & 1. by Bangor R y. & Elec. C o.
D iv id e n d s .— 5 % per annum paid on tho old stock (all of ono class) from
BENTON HARBOR, MICH.
Oct. 1 1905 to Oct. 1909, when 14$% (quar.) was paid, which rate was con
B E N T O N H A R B O R -S T . JO E R A I L W A Y & L I G H T C O .
tinued to Oct. 1910.
In 1911, 7 % . In 1911 stock was increased and new
prof, stock was croated, on which 1 54% has boon paid quar. from Jan. 1912
O R G A N I Z A T I O N .— Incorporated in Michigan in Jan. 1906 and Is a con
to and including Jan. 1914.
solidation of the Benton Harbor & St. Joseph Electric R y . & Light C o .
Latest E a rn in g s .— For 12 m os. end. Oct. 31 1913, gross, 8755,084; net, and die St. Joseph River Traction C o.
aftor taxes, $411 ,81 4; in t., & c., $207,455; prof, d iv ., S105.000; bal., surp.,
STOCK A N D B ON DS.
D a te .
In te re s t. O u ts ta n d in g .
M a t u r it y .
$99,359.
Com m on ($100)--------------------------------- - - - - ------R E P O R T .— For years ending D ec. 31. Pass, carried in '12, 6 ,538,645. Preferred, $400,000 ( $ 1 0 0 ) - . - ---------6
F -A
400,000
Soe.t ®?|
Year—
Gross.
N e t(a fte rT a z e s ). In te re s t.
S u rp lu s .
Refund m tge * 2 .5 0 0 .0 0 0 gold] 1909
5 g M -N
400,000 June
1935
1912..............................- ........... *710,027
$389,185
$199,658
$189,527
(S500 and $ 1 ,0 0 0 )________ cl Interest at Columbia T r. C o .. Louisv..trust.
1911............................. .............. 596,113
317,250
154,585
162,665
1st cons M , * 1 ,0 0 0 ,0 0 0 , goldl 1906
5 g M -N
840,000 N ov 1 1935
($500 and $ 1 ,0 0 0 ) ..............c l l n t . at Columbia T r . C o ., Louisv., trustee.
R O A D .— Operates 63.4 miles of track in Bangor and Brower, M e ., and
5 g M -S
160,000 Sept 1 1920
from Bangor to Hampden, to Orono, to Old Town and to Charleston. B II & S J El Ry & L 1st M ,f 1900
$200 ,00 0, gold ($1,0 0 0 )___ \Int. at A m . T r . & Sav. B ank. C h ic., trustee.
Ralls, 48 to 90-Ib. girder and T standard gauge. 48 pass, and 26 freight
14
ELECTRIC RAILWAYS
B onds. O f the $ 1 ,000,000 1st cons, bonds, $160,000 are reserved to retireprior liens. Ih ey tire subject to ca llo n a n y interestday at 105. T h e b d s .
o f the old company after 1910 have a sinking fund of $ 10 ,0 0 0 per annum,
hond«0
m0n0 ,0n°nnb
° c a lle d ' ? S ° V ' 7 1 ’ J?' 1268; v - 7 2 , p . 28 2 . O f t h e re f.
bonus,\M
S IS, 0
0 0 are reserved for prior liens.
D iv id e n d s .— Pref. divs. at rato of 6 % per annum are being paid.
E A R N I N G S .— For cal. year 1912, gross, $363 ,98 8; net, $135 ,43 1.
• S O A D .— O p e r a ^ 16>3 miles o f track in St. Joseph and Benton Harbor,
with extensions of 24 K miles through Eau Claire to Dowagiac and 10 miles
to I aw I aw Lake, making a total o f 51 miles. Is building an extension of
cn
loSi G ?1?? c ?*onia t0 W otervleit, of which 2 miles is completed.
6 0 , <0 and 73-lb girder and T rails. 25 passenger and 13 other cars.
O F F IC E R S .— Presl, C . K . M inary, Benton Harbor, M ic h .; V .- P ., Hen
ning Chambers, Louisville, K y ,; Sec., L . YV. B otts. Louisville; G en. M g r .,
H . C . M ason . Benton Harbor.— V . 82, p. 333.
BIDDEFORD, ME.
B ID D E F O R D & S A C O R R .— A trolley road.
O R G A N I Z A T I O N .— Incorporated Feb. 19 1887.
STO C K A N D B ON DS
D a le .
In te re s t. O u ts ta n d in g . M a tu r ity .
A -O
$100 ,00 0 O c t,’ 12, 3 %
Stock ($50) $10 0 .0 0 0 .................. ........
1 st m ort $300,000 ($1,000)? 1900
1 g J -D
150,000 June I 1940
gold c * . N o s f but can b e jInterest at Portland Trust C o ., Portland
called in 1920____________ t f l
A le ., trustee.
E A R N I N G S .— For fiscal years ending Juno 30:
i
Gross.
N e t.
In t., & c.
D iv id e n d s .
S u rp lu s .
.................... $72,418
827,750
$ 7,772
$6 ,0 0 0
$13,978
1 9 i k 1A2r 7 - - > 7 - - 7 7 ^ 8 5 ,
2 3,860
7,745
5.000
11,115
R O A D .— Operates 8 miles of track between Saco, Biddeford and Old
Orchard Beach.
O F F IC E R S .— President, C . II. Prescott, Biddeford; Secretary and
Treasurer, E . F . Lord.— V . 70, p. 1048; V . 7 3 , p. 494.
1772S; S
r V
[ V o l . X C V III
T9h7e.0p P363R ab 0 ' ~ V ' ° 3 ’ P< 104, 1724; V ' 96' P- 81. 1020.
B IR M IN G H A M E N S L E Y & B E SSE M E R R R ,
O R G A N I Z A T I O N .— Incorp. in Alabam a with power to own, lease and
operate electric railroads and general railroads for transportation of mail
express, freight and passengers, also to supply current for lighting and
power purposes. Operates under 99-year jra n c h is e through Greater Bir
m ingham, which covers tho transportation of freight. Will operate in
Bessemer under perpetual franchise an d, wliero there aro no franchises on
private right o f w ay. W hen line is completed to Bcskemer and Pratt G itv
freight service will be inaugurated. H as arranged for physical connwtions
with all tho steam railroads entering Greater Birmingham.
na
STOCK A N D BONDS—
D a te .
In te re s t.
O uts ta n d in g .
M a tu r ilu
Com m on, $ 3 ,0 0 0 ,0 0 0 -...................................................
33,000.000
lU'
— ...........
1,500,000 .......................
Preferred, $ 1 ,5 0 0 ,0 0 0 _________ ______
ls t» ^ S 3 ’ 5 0 0 -000 S ($1,000.? 1911
5 M -S
2,650.000 M ' a r ' l ' m i
$500 and $ 1 0 0 )_______c * t f /l n t at Equitable Trust C o ., N . Y . , Trustee
B onds.— Remaining $850,000 bonds m ay be issued for extensions, bet
terments, & c., subj. to call at 105 and accrued int. on M a r. 1 1921 or any
int. date thereafter.
R O A D .— Operates 28 miles of track from the eastern limits of Greater
Birmingham (East Lake) through the centre of the city of Birmingham to
Ensloy. Remaining 11 miles between Bessemer and Pratt C ity are expected
to be completed in 1914. 85-lb . steel rails; standard gauge. Has 25
I* A -Y -E steel coaches, 30 dump cars, 12 flat cars, 4 box cars, 8 steel gon
dola cars. 3 electric-motor freight cars, & c ., & c.— V . 95, p. 749; V . 96,
p . 1156, 1363; V . 97, p. 363.
BLOOMSBURG, PA.
C O L U M B IA P O W E R , L I G H T & R A I L W A Y S C O .
° UG A N I Z A T I O N .— Incorporated in Delaware. Owns either tho whole
or over 9 0 % of tho capital stock, and In some cases tho majority of the bonds,
BINGHAMTON, N. Y.
of tho following companies, operating in tho towns of Bloomsburg Danville,
Catawissa and Berwick: Columbia & M ontour Elec. R v. (*376 nnn stork)
B IN G H A M T O N R A I L W A Y C O .— A trolley road.
with which tho Danville & Bloomsburg St. R y. was consolidated in M a y
O R G A N I Z A T I O N .— Is a consolidation Sept. 30 1901 of the Binghamton 1911 (V . 92, p. 1498); Berwick Elec. L t. C o .; W est Berwick Elec Lt
RR
,
_ 11 1892 as a consolidation of all street railways
_____in Heat & Power C o .; Irondale Elec. L t ., Heat & Power C o .; United G as &
R . C o ._(chartered
_Aug.
city) and the Bing. Lestershire & Union R R . Principal fra n c h is e s granted Elec. C o .; Standard Gas C o ., and Standard Elec. Light C o.
by special Acts of Legislature, and are perpetual and practically exclusive.
STOCK A N D BONDS—
D a te .
In te re s t. O u ts ta n d in g .
M a tu r ity .
ST O C K A N D BON DS—
D a te .
In te re s t.
O u ts ta n d in g .
M a tu r ity . Com m on, $850,000
$850,000
S tock, $ 1,150,000 ($ 100)......................
4 F -A
$978,995 F e b .'14, 2 %
Preferred, $350,000
305,500
Binghamton R R C o mtgo,)
25.000
1913-1917 Collat trust mtge, $850 ,00 0, gl 1909
5 g
621,900 Feb i 1 9 3 6
$900 ,00 0. g , $1 ,0 0 0 — — C*
($5,000 due yearly)
($100, $500 and S I ,0 0 0 )___ lin t, at Commonwealth T r. C o ., Harrisb Tr
(See text) Interest at M e t-} 1893
5 g J-J
50.000
1918-1922 Col & M ont 1st M , $375,000.1 1901
5 g J-J
375.000 Jan 1 1 9 3 1
tropol Trust C o , N Y ,
($10,000 duo y ’ly Sep 1)
g ($500 & $ 1 ,0 0 0 )____ c & r /ln t. at Commonwealth Tr. C o ., Harrisb. Tr
Trustee.
J
447,000 duo Sep 1 ’23 D anv & Bloomsb St R y b d s . _ ____
________
157,500 ________ _
Bing Lest &, ,Un 1st
1895
5
g J-D
, M. ($250,r
,
. ,f _ ____
____
147,000 June 1 1925 Berwick Elec Light C o b o n d s . ____
________
79,000 ________
0 0 0 ), gold, principal and!Interest at Aletropolitan Trust, Now York
B
onds.—
Coll,
trust
bonds
aro
subject
to
call
after
5
years In whole or In
interest guar........................... I Binghamton Trust C o ., Trustee.
Bing R y 1st consol mtgo, $2,-1 1901
5 g M -N
1,290,000 N o v 1 1931 part at 105 and interest.
E A R N I N G S .— O f the Columbia & M o n t. Elec. C o. (oper. co.) for year
500,000 gold ($ 1 ,0 0 0 )— c*j Int. at Fidelity Trust C o ., Buffalo, Trustee,
end. M ar. 31 1913, gross, $256,654; net, after taxes, & c ., $104,165; in t.,
( or Seaboard National Bank, N ew York.
B onds.— O f the bonds of 1893, $75,000 mature in installments as Indicated 377,040 ; surplus, $27,125 .
In tho table and the remainder Sept. 1 1923. O f the Binghamton R y . 1st
R O A D .— Operates between Danvillo, Bloomsburg. Catawissa and Ber
consol, m tge., enough are reserved to retire underlying bonds and the re wick. Standard gauge. Began operations July 1909.
mainder for acquisitions, extens., & c., under careful restrictions. They aro
O
F F IC E R S .— Pres., E . R . Sponsler, Harrisburg; V .-P ., M yron I. Low;
sub. to c a ll at 110 & int. See V. 73. p. 1312; Y . 78, p. 701; V . 88, p . 748.
D iv id e n d s .— 2 % was paid Jan. 31 1902; 2 % M ar. 3 1903; 2 % April 11 Sec., A . W . D uy; T reas., M . Milleisen, all of Bloomsburg.— V . 89, p. 410;
1904 and 2 % April 10 1905. A scrip dividend of 2 0 % was paid April 18 V . 92, p. 1498; V . 94, p. 982, 1056.
1905. I n l 9 0 6 , 2 H % . In 1 9 0 7 .2 ) 4 % .
In 1908, 2 ) 4 % .
In 1909, Sept.,
2 'A % .
In 1910. Sept., 2 ) 4 % .
In 1911, S ept., 3 % .
In 1912 and 1913,
4 % . In 1914. F e b ., 2 % .
BLUFFTON, IND.
R O A D .— Operates 48 miles o f track. Connects Binghamton with
Lestershire, Hooper, E ndicott,U nion and Port Dickinson. A n extension
M A R IO N B L U F F T O N & E A S T E R N T R A C T IO N C O .— A trolley road.
from Union to Owego is being constructed. Standard gauge, 60 lb. to
R e ceivership.— As a result o f a head-on collision on July 7 1912, In which
103-lb. T and girder rail; 75 motor cars and 27 trail cars.
E A R N I N G S .— For year ending D ec. 31 1912, gross, $425,028; net, four persons were killed and 60 or more injured, and an ordor ot the Stato
$194,928; int. & taxes, $116,119; surplus, $78,809 . In 1911, gross, $386, R R . Commission requiring heavy outlays for improvements, tho Wells
County Circuit Court on July 24 1912 appointed the Union Sav. & T r. C o.
631; net, $174,728; int. & taxes, $112,363; surplus, $62,365.
O F F IC E R S .— Pres., G . T . Rogers; V .-P ., G eo. YV. Dunn; Sec., John B . of Bluffton as receiver. The co. admittod its Insolvency. V . 95, p. 297.
Rogers; Treas., H . C . Hardie. Office, Binghamton, N . Y . — V. 88 n
F oreclosure.— In Oct. 1913 the M arion Trust C o. of Indianapolis, mort
748; V. 90, p . 770; V . 91, p . 275; V . 93, p . 665. 1190, 1785; V . 94, p 205, gage trustee, brought suit to foreclose tho mortgage.
V . 9 7 , p. 1204.
349, 1117; V . 95. p. 3 6 0 . __________
O R G A N I Z A T I O N .— Organized in 1905 in Indiana. Private right of
w ay. Leases the Bluffton Geneva & Celina Traction C o.
BIRMINGHAM, ALA.
ST O C K A N D B O N D S—
D a te .
In te re s t. O u ts ta n d in g .
M a tu r ity .
B IR M IN G H A M R Y . L I G H T & P O W E R .
Com m on, $850,000 ($100)___________
______- --
5 g J-J
720,000 Jan 1 1 9 3 7
Controlled by the American Cities C o. (see under “ Now Orleans” ) , which First mtgo, $850,000 ($1,000)1 1907
gold, no s f & not re d -.c & rj Int. at Marion Trust C o ., Indianapolis,Trus.
owns 8 8 .8 3 % of the common and 7 9 .1 6 % of tho preferred stock.
B onds.— $130,000 aro reserved for future bottermonts under certain re
strictions.
Gas
R O A D .— Operates 51 miles of track (including 19 miles from Bluffton to
___________________ ____
Light
_
w ay, gas and electric-light and power business of Birmingham and all tho Genova, leased), between M arion, where connection Is mado with Union
principal near-by cities and towns. F ranchises covering gas, electric-light Trac. C o. of Ind. lines and Ind. R ys. & Light C o ., and Bluffton, In d ., con
and power business and street railway lines aro, with some unimportant ex necting there with F t. W ayno & Northern Indiana Trac. and Union Trac.
ceptions, stated to be perpetual. Owns and operates a steam-heating plant C o. of Ind. Standard gaugo. 70-lb. T rail.
in Birmingham.
O F F IC E R S .— Pres., II. C . Arnold; V .-P ., L . A . Williamson; Sec.,
In D ec. 1912 increased its authorized com . stock from $3,500,000 to vacant; Treas., W . A . Kunkel; Acting Gen. M g r ., L. O. Davenport; A u d .,
$3,900 ,0 0 0 . V . 96, p. 61.
J. S. Clark; Supt., C . W . Clark; all of B l u f f t o n . — V . 95. p. 297; V . 97, p.
1204.
STOCK A N D BON DS—
D a le .
In te re s t. O u ts ta n d in g .
M a tu r ity
Com m on ($100), $ 3 ,9 0 0 ,0 0 0 ...............
J-D
$3,500,000 D e c’ 1 3 ,3 %
(1) B lu ffto n G en eva & C elin a T r a c tio n C o .— A trolloy road.
J-D
3 ,900,000 D e c '1 3 ;3 %
Prof($100),$3,900,000 6 % c u m ------O R G A N I Z A T I O N , & C .— Organized in Indiana in 1907. l ’ rivato right
Birmingham R y & El 1st M g 1894
5 g J-J
909,000 July 2 1924
W as leased July 1 1910 to tho Marlon Bluffton & Eastern lra c.
$1,25 0 ,0 0 0 ($1,000)____ c * j Int. at Central Trust C o ., N . Y . Blrming- of way.
Road 19 miles of
N o l subject to c a ll.
1 ham T r . & Sav. C o ., Birmingham, Trus. Stock, $450,000 com ., $225,000 (5 % cum .— J.-J .) pref.
Gen M , ref, $ 1 0 ,0 0 0 ,0 0 0 ,f 1904
4)4 g A -O
8 ,720,000 April 1 1954 track between Bluffton and Genova through Vera. Cruz and Linn Grove.
Pres., H . C . Arnold; V .-P ., A . G . Briggs; Sec., K . F . Cummins; Treas.,
gold ($1,0 0 0 )-------------------c*{ Int. at Commercial-Germania T r . <fe S a v .B k .,
________________
1 New O r L .T r u s ., or at N .Y . T r. C o ., N .Y . W . A . Kunkel.
R ef & oxten M $25,000 ,000 ) 1907
6 g M -N
3,744,000 M a y 1 1957
($1,000) gold sink. fun d.c*{In terest at Old Colony Trust C o ., Boston.
N o t subject to c a ll.
( Trustee, and N . Y . agency of company.
BOISE CITY, IDAHO.
Debenture notes, $2,500,0001 1913
6 g J-J
586,000 July 1 1915
ID A H O r A IL W A Y , L I G H T & P O W E R C O .
( $ 1 ,0 0 0 ) __________________ c/B an kers’ Trust C o ., N . Y . , Trustee.
O
R
G
A
N
I
Z
A
T
I
O
N
.—
Incorp. in M aino in 1912 with $20,000 ,000 com.
Bonds.— O f the new $25,000,000 bonds, $9,629,000 aro reserved for prior
liens, $1,200,000 for cost o f now power house if first Hen on same, and re and $10,000,000 6 % cum. prof, stock to acquiro tho following properties:
ICaldwell Power Co.
maining $10,427,000 for 8 0 % o f cost o f additions If net earnings are 1)4 Boise & Interurban R y .
Dewey Elec. L t. & Pow. C o ., Ltd.
times the int. on all bonds outstanding, incl. those to bo issued, and provided Boiso R R ., Ltd
|Swan Falls Powor C o.
1 0 % of gross earnings havo been expended for maintenance within previous Boise Valley R y .
12 months. Tho directors m ay make the rate of int. on succeeding install
In M arch 1913 Idaho R y ., L t. & Pow. owned tho following securities of
ments not to exceed 6 % . Sinking fund of )4 o f 1 % of bonds out commences the Idaho-Oregon L t. & Pow. C o .: $718 ,00 0 1st & ref. 5s. $854,000 consol.
Sept. 1 1918. Bonds purchased to beheld alive and int. thereon re-invested. 1st & ref. 6s; notes (secured by $500,000 consol. 1st & ref. 6s), $250,000;
For details o f bonds, proporty, & c., see V . 87, p . 1603. O f tho gen. M . of pref. stock, $2,1 4 8 ,4 0 0 , and common stock, $ 6 ,415,100. A plan of re
1904, no more bonds can bo Issued. Sinking fund of )4 of 1 % of bonds out adjustment and merger of tho Idaho-Oregon L t. & Pow. C o. was drawn up
begins A u g. 1 1924. The bonds aro sub. to c a ll at 105 & int. on any Int. (seo V . 96, p. 1091) but late in 1 9 1 3 tho plan was abandoned. V . 9 7, p. 1736.
day on 60 days’ notice.
For 1st 5s o f 1894 $12,500 per ann. is pay. into
R e c e iv e rs h ip — Judge Dietrich of the U . S. District Court at Boise, Idaho,
a s in k . f d . $341,000 have been canceled. The 6 % debenture gold notes
are rod. at 101 and int. on any int. date. N o t more than $3,744,000 R ef. on D ec. 23 1913 placed tho property In tho hands of Gen. M g r. O . G . F.
E x t. M tg e . bonds shall bo outstanding during life of theso notes. V . M arkhus, as receiver. The traction properties, it is stated, will be operated
through tho Idaho Traction C o ., as lessees for the Idaho R y ., L t. & Pow.
97, p . 363.
C o. The traction properties are thus not directly affected by tho receiver
D iv id e n d s .— First div. on pref. stock, of 3 % , paid In Jan. 1 902 ,.and 3 %
has been paid s.-a . since then, to and incl. D ec 1913; on com. stock in 1903. ship, although they m ay bo included later. V . 9 8 , p. 73. Tho Idaho3 % : in 1904, 4 % ; in 1905, 4 % ; in 1906, 5 % ; in 1907 and 1908, none; in Oregon L t. & Pow. C o . is in tho hands of separato receivers.
BONDS—
D a te .
In te re s t. O u tstanding.
1909, 2 % : in 1910, 5 % ; in 1911, 7 % ; in 1912, 8 % ; In 1913, Juno, 3 % ;
M a t u r it y .
D e c ., 3 % .
First and refunding m tge____ ______
5%
$4,500,000
R E P O R T .— For calendar years:
5 % Inc bds (conv into 1st &
Gross
N e t a fte r
In te re s t a n d
ref bonds at end of 5 years) ---------------------2 ,000,000
Y e ar—
E a rn s .
Taxes.
S in k in g F u n d .
S u rp lu s . Boiso & Int 1st M $5,000,000? 1896
5 g A -O
________
____
1,068.000
1936
g ($ l,0 0 0 )s f&sub to call.c& rlInt. at Colonial Trust C o ., Pittsb., Trustee.
1 9 1 3 ....................................$ 3 ,214,338
$ 1 ,134,079
$669,781
$464,298
1912 ................
3,005,888
1.213,772
597,385
616,387 Boise R R Ltd first mortgage? 1906
5%
389,000 Dec l 1936
$ 750 ,00 0________ ______ _____/ Int. at Germantown T r. C o ., Phila., Trustee
1911 — ..................
2,819,586
1,120,720
554,809
565,911
1910 .........................
2,681,960
1,120,862
547,570
573,292
P R O P E R T Y .— Railways comprise 72.31 miles o f track (Incl. approx.
1909 ...........
2.286,369
878,625
535,310
343,315 17 miles in Boiso) extending from Boiso to Caldwell, Boiso to N am pa, and
Passengers carried in 1913, 4 7 ,6 1 0 ,7 4 7 , against 4 6 ,000,782 in 1912.
from N am pa to Caldwell. Also owns a 5 50-ft. 5-span bridgo over Boise
R O A D .— Operates 138.1 m . o f track in cities of Birmingham, Bessemer, River and a freight terminal and city passenger terminal and offico building
in Boiso. Hydro-electric plant on Snako River about 27 mllos southwost of
Boise, presont capacity 4,000 k . w .; ultimate development of about 7,500
k. w. See V . 94, p. 1 6 2 6 — V . 94. p. 1626: V . 95. p. 236. 480; V . 90. p.
1089, 1629 or 1632; V . 97, p. 298 or 299, 1118, 1204 or 1200, 1733 and 1736,
V .-P s ., Leo C . Bradley, Birmingham, and Geo. Bullock, N . Y .; Sec., J. P . 1826; V . 98. p. 73.
J an ., 19H. |
BOSTON, MASS.
BOSTON ELEVATED RAILWAY.—
ORGANIZATION.— Charter granted in 1897 provides for an extensive
system o f free transfers. The company also, in addition to regular street
ailway taxes, has to pay V* o f 1% of gross “ earnings of all lines owned,
ased or operated by it,“ and a sum equal to the excess o f the dividends
over 6% . Its charter, however, is understood to grant it exemption from
reduction o f fares, and also other immunities.’ (See Ma^achusetts R R .
Commission, V. 65, p. 1223.) Elevated cars run with electricity by thirdrail” system; surface lines by trolley. Six miles of elevated road opened in
June 1901; in Aug. 1901 put in operation the Atlantic Avo. Loop Division.
E xten sion s. — An extension of the elevated road toForest H lllsw asput in
operation Nov. 22 1909; V. 89, p. 1410. In April 1905 $7,500,000 new
bonds were issued to provide for this extension and for payment of floating
debt. &c. See V. 807p. 1423. On June 1 1912 put in operation the East
Cambridge elevated extension, extending from Lechmere Sq., E.Cambridge
through the West End of Boston, to North Station. V. J4, p. 15oo.
On April 29 1903 leased from the Old Colony Street R y. (now merged in
the Bay State St. Ry.) all that company s tracks in the city o f Boston
amounting to 23.753 milas. The lease is for 99'yearsi and.provides that
besides paying taxes the Elevated Co. will pay 6 % o f replacement value
(appraised at $353,979, less the rental of certain short piec^ o f track
appraised at $13,866) of the property leased as of date Feb. 16 1903, and
4% on the cost o f all additions and betterments.
Lease o f W est End and Subway an d T u n n e ls — The West End Street Ry.
Is leasod until Juno 10 1922.
In Dec 1896 the West End Street R y . leased the right to use the Tremont
Street subway in Boston. See terms under West End Street Ry.
On D e e 24 1904 th o E a st B o s to n tu n n el (u n d er B o s to n H a r b o r ) w as
eased b v th e B o s to n E lo v a to d R y . u n til Jun e 10 1922 fo r a ren tal o f % o f 1 %
o f earnings o f all linos o w n e d , leased o r o p e r a te d . T h o co m p a n y also c o l
lects a toll o f l c . per perso n , w h ich go e s t o th o c it y ; b u t un d er th e general
exten sion o f co n tr a c ts m a d o in 1911, this p r o v is io n w ill b e elim in a ted a fter
Jun o 10 1922. T h o tu nnel w as o p e n e d D e c . 30 1904. I t e xten d s fro m th e
m ain lan d t o E a st B o s to n , 1.4 m iles, a n d c o s t $ 3 ,5 0 0 ,0 0 0 .
O n Jun e 28 1902 W a s h in g to n Street S u b w a y Dill b e c a m e a la w . T h e c it y
has con s tr u c te d a tu n n el fo r e le v a te d trains a n d leased sam e t o th e B o s to n
E le v a te d R y . fo r 25 years a t an ann u al rental o f 4 H % o f to ta l c o s t o f c o n
s tru ctio n , w h ich u p t o D o c . 31 1913 w as $ 7 ,9 1 0 ,1 1 2 n et. V . 8 8 , p . 9 8 .
P ro p o s itio n w as ra tifie d b y v o te r s a t D e c . 1902 e le ctio n . V . 7 5 , p . 2 8 . 496 ,
1315; V . 7 7 , p . 2097; V . 8 2 , p . 2 1 7 . T h o W a s h in g to n Street tu n n e l b egan
op era tion N o v . 30 1908. V . 87, p . 1477. In 1907 an A c t w as passed
m o d ify in g plan s s om ew h a t, an d p e rm ittin g B o s to n T ra n sit C o m m issio n t o
co n s tr u c t a s u b w a y t o b e k n o w n as th e R iv e r b a n k S u b w a y , b u t this w as
repealed in 1911.
Subways in Cam bridge. — In June 1906 a measure was passed by the Massa
chusetts Legislature, and became a law, which permits tho Boston Elev. to
construct two subways in Cambridge, and to issuo stock or bonds to meet
tho cost. A t the end o f 20 years tho city of Cambridge is to have tho righ t
to purchaso these subways by paying thoir cost plus 7 % interest, less divi
dends. V. 8 3 , p. 93. Soo remarks concerning these subways in company’s
report for 1906, as given in V. 8 4 , p. 155. Work on subways was begun
Aug. 12 1909. Tho company in 1908 filed with the Mass. RR. Comm,
preliminary estimates of tho cost, showing an aggregate of $ 1 0 ,6 3 9 ,2 7 8 . See
V . 87 p. 1662. On Jan. 4 1912 the first through train was run in the new
subway; it was opened for public travel Mar. 23 1912. V. 9 4 , p. 1185.
N ete Construction o f Subwaus and Old Contracts to be Extended. — In July
1911 Mass. Legislature passed an Act (accepted by tho city and Bost. Elev.
in Sept 1911) providing for the construction by tho city o f three additional
subways viz., Dorchester Tunnel, Boylston St. Subway and East Boston
Tunnel extensions and tho extension of all existing contracts until July 1
1936 the date to which contracts fir now lines are to run. Annual rental
after’ expiration of old contracts to be as follows: Tremont St. Subway
(seeunder West End), 4 H % on net cost; East Boston tunnel (now expiring
June 10 1 9 2 2 ), 4VS% on net cost (provision for tolls from passengers using
tho tunnel eliminated for extension period); Washington St. tunnel (now
expiring N ov. 30 1 9 3 3 ), 4M % on net cost. Annual rental for now lines;
Cambridge connection, for first 20 years, 4H % on net cost; thereafter 4 Vi %
on net cost; Dorchester and Boylston tunnels and East Boston tunnel ex
tension, 4M % on net cost. The Act also provides that all contracts are to
continue after July 1 1936 until terminated by a two-years’ notice by either
party. The various new leases and extensions o f old leases were signed by
the parties thereto on Dec. 7 1911. V. 9 3 , p. 1785.
.
The construction of the Dorchester Tunnel, which is to be an extension
of the Cambridge subway, was begun on M ay 30 1912, and construction
on tho East Boston Tunnel extension was started on Nov. 29 1912. It is
expected that the Boylston St. suoway (as far as tho Public Garden) will
be in service about Oct. 31 1914.
D am ages by N o is e .— In Aug. 1902 Judge Mason, in the Superior Court
at Boston, held that tho company is liable for damages from noise caused
by tho operation of trains. V. 75, p. 496. This was affirmed April 1903
by Massachusetts Supreme Court. V. 76, p. 809.
Strike. — Tho strike of conductors and motormon, which began June 7
1912, was ended July 29 1912, tho company having agreed not to discrimi
nate between union and non-union men. V. 95, p. 296.
C onsolidation with W est End Street R y. — In July 1911 Massachusetts
Legislature passed an Act (signed by tho Governor on July 21 1911) super
seding that approved May 28 1908 (V. 86, p. 917, 1342), permitting the
consolidation of Boston Elev. and West End St. Ry. at tho expiration of
tho prosont lease, on June 10 1922. 8% cum. 1st pref. stock o f Bost. Elev.
(having the ordinary voting powers, but not “ entitled to participate in any
increase or issuo of now stock, com. or pref.” ) , to bo issued, $ for $, for West
End prof, and 7% cum. (or 8% if arbitrators so decide) 2d pref. (having
all voting powers without exception) for com. stock of West End. After
tho issuo or tho new pref. shares no other stock to be Issued “ prior or equal
to such 1st pref. and 2d pref. stock without the consent o f two-thirds of the
holders of such stocks, respectively." Tho Act also provides that the Street
Ry. shall forthwith sell to the Elov. Co. all unused real estate, the proceeds
not exceeding $1,500,000 to be invested as a special trust fund and to accum
ulate until Juno 10 1922. Thereafter tho annual income thereof shall bo
applied to cancellation of 2d pref. stock. When all the 2d pref. has been
retired than said fund shall bo applied by the Elevated Ry. Co. to any
purpose for which stock and bonds can legally be Issued. See terms of Act
in V. 93 p. 314. Shareholders o f both the Boston Elev. and West End St.
Ry. approved the Act; tho former on Aug. 24 1911 and the latter on Sept. 6
1911. V. 93, p. 666. Holders of West End com. and prof, stock may on
or before Juno 10 1922 oxchange their stock at par for Elevated Ry. common.
After June 10 1922 holders o f Bost. Elev. 1st or 2d pref. may exchange
their stock for an equal amount at par o f Bost. Elev. common.
On Sept. 5 1911, in a suit brought to test the constitutionality o f the
Merger Act, Judge Colt In U. S. District Court sustained the demurrer of
tho West End St. Ry. and dismissed tho suit to prevent the merger. V. 95,
p. 618. New suit brought by a West End shareholder In Franco on Dec. 31
1913. See V. 98, p. 74.
STOCK AND BONDS—
D a te. In terest. O utstanding.
M a tu r ity •
F-A
$23,879,400 A ugl5’ 13.3%
Stock, $23,950,000 ($100)_________
Debentures. gold___c&r_ntf / 1905 4 g M -N
8,500,000 May 1 1935
(Old Colony Trust C o., Boston, Registrar.
Debentures, gold_____c & r.n tf 1907 4 'A A-O
4.800.000 Oct
1 1937
5,000,000 Nov 1 1941
Debentures, gold__ c*& r*.ntf 1911 4)4 M-N
Debentures, gold--.c*& r*_n tf 1912 5 J-D
4,000,000 Dec 11942
Bonds. — The coupon bonds are in denominations of $500 and $1,000
(oxcopt 1911 issue, which are for $1,000 only), and registered bonds of all
Issues are in denominations o f $1,000. $5,000, $10,000 and $50,000.
In Dec. 1908 tho Massachusetts Railroad Commission sanctioned
$6 650.000 additional stock (raising stock to $19,950,000) at $110 per sharo,
to defray the cost of tho Cambridge subway and for the construction of the
East Cambridge and West End elevated lines. V. 87. p. 1662; V. 88, p.
1372. In Dec. 1912 increased its stock from $19,950,000 to $23,950,000
and offered stockholders tho right to subscribe for now stock at $105 per
sharo. V. 95, p. 1272; V. 98. p 61. Also issued $4,000,000 30-year bonds
for construction, equipment, funding floating debt, &c. V. 95, p. 1272,
1606.
D ivid en d s. — First div., 2 M % . was paid Aug. 15 1898. In 1899, S M% >
in 1900, 444%: in 1901, 5 H % : in 1902 to 1912 Inclusive, 6% yearly; in
1913, Fob.. 3% ; Aug., 3% .
ANNUAL REPORT.— Report of Boston Elevated Ry. for year ending
Juno 30 1913 in V. 97. p. 1354.
15
ELECTRIC RAILWAYS
Year end.
Year end.
Year end.
9M os.end.
15,90 4 ,0 4 7
4,927,413
52,508
6 9 ,460
49 6 ,5 2 7
15 ,6 3 5 ,9 6 5
5,516,901
3 9 ,0 7 0
2 4 ,180
281 ,492
11,245,623
3 ,9 2 4 ,2 2 6
138,064
5 ,8 3 2 ,7 4 8
5 ,5 4 5 ,9 0 8
5 .8 6 1 ,6 4 3
4 ,1 9 8 ,2 8 8
7 62 ,610
9 86 ,680
725 ,593
f 61 3 ,8 3 9
(4 5 4 ,7 5 9
7 16 ,180
662,261
4 37 ,462
5 10 ,135
468 ,032
34 2 ,4 1 8
a l4 1 ,3 4 2
188,068
1 ,3 92,969
9 ,180
56,529
8 87 ,807
20 7 ,7 0 0
37 0 ,2 5 6
6 0 ,5 7 5
6 8 ,4 0 9
153 ,159
185,740
1 ,3 8 7 ,7 1 0
9 ,180
5 6,040
7 06 ,000
131,033
3 4 0 ,5 0 0
5 8 ,782
18,204
145,109
185,305
1,3.58,848
9 ,180
59,054
5 56 ,000
106,239
138,623
9 67 ,808
6 ,885
3 6 ,2 7 8
4 1 7 ,0 0 0
32 4 ,0 0 0
57,783
25 5 ,0 0 0
4 1 ,6 7 4
June 3 0 '1 3 . June 30 ’ 12. Jun e 3 0 ’ l l . June 30 ’ 10.
R e v e n u e m iles r u n .......... 5 7 ,7 8 4 ,3 1 9 5 4 ,7 9 0 ,1 7 3 54 ,6 4 7 ,1 9 6 3 9 ,2 9 6 ,5 2 2
R e v e n u e pass, c a r r i e d . . 3 2 6 ,3 5 2 ,8 6 3 3 1 0 ,3 1 0 ,0 0 9 3 0 5 ,0 9 8 ,6 6 5 220 ,127 ,89 0
Earnings—
$
S
$
$
P a sse n g e r............................ 16.26 8 ,6 0 7
15 ,4 6 7 ,3 5 2
15,199,971
10,984,441
M a ils , re n ts, a d v ., & c . .
54 0 ,3 0 2
4 3 6 ,6 9 5
4 35 ,994
261,182
T o t a l ................................. 16,808,909
N e t earn in gs................
5 ,6 7 3 ,3 2 8
Tnt. o n d e p o s its , & c ____
5 0 ,419
I n t . fr o m secu rs. o w n e d .
6 9 ,460
I n t . ch a rg e d t o c on stru e.
34,141
M is c e lla n e o u s ___________
5,4 0 0
T o t a l __________________.
Deductions—
I n t . o n W e s t E n d d e b t . ..
T a x e s , W e s t E n d ______1
T a x e s , B o s to n E le v ___ /
1
T a x e s o n earnings an dL
U . S. c o r p o r a tio n t a x ..
R e n ta l o f s u b w a y -----------.
D iv s . o n W e s t E n d s to c kc
D iv s . o n S o m . H o rse R y ..
R e n t. O ld C . S t. R y .,& c ..
I n t .o n B o s .E l.fu n d .d e b t;
I n t . o n u n fu n d e d d e b t . .
W a s h ’ t ’n S t. tu n n el re n t;
E a st B o s to n tu nnel re n ti
C a m b ’d g e C o n n e c t, re n t;
135,998
T o t a l d e d u c t io n s -------- 5 ,1 3 2 ,1 2 5
4 ,8 4 0 ,5 3 9
4 .5 1 1 ,1 8 2
3 ,2 9 0 ,0 9 2
B a l a n c e . . .....................
70 0 ,6 2 3
7 0 5 ,3 6 8
1,350,461
9 08 ,196
D i v i d e n d s ............. - - - ( 6 % ) 1 , 1 9 7 , 0 0 0 (6 )1 .1 9 7 ,0 0 0 (6 )1 ,1 9 7 ,0 0 0 (4 )4 )8 9 7 ,7 5 0
B a la n c e fo r y e a r ............. d e f.4 9 6 ,3 7 7 d e f.4 9 1 ,6 3 2 s u r .153,461
s u r .10,446
a N o U n ite d S ta te s c o r p o r a t io n ta x in c lu d e d in 1913.
Road June 30 1913.
Miles.
Miles.
M a in 1st tr a c k (1 3 .3 9 9 m .“ L ” )241.403 O w n e d b y W e s t E n d _________ 41 8 .4 8 5
M a in 2d t r a c k (1 3 .1 7 9 m .“ L " )2 0 7 ,5 3 2 L ea ses.tr k ’g o .& c .(3 5 .0 1 8 “ L ” ) 9 2.503
S id in gs, & c. (8 .4 4 0 m . “ L ” )_ 6 2 .0 5 3
T o t a l (in c l. 3 5 .0 1 8 " L " ) . . 51 0 .9 8 8
T o t a l (In cl. 3 5.018 m . “ L ” )5 1 0 .9 S 8 E le c tr ic a lly e q u ip p e d ________ 518 .393
W e ig h t o f g ird e r rails Is 70 to 150 lb s . C a rs , 3 ,7 8 3 ; h o rse s, 237; electric
m o to rs , 7 ,4 5 3 ; sn ow p lo w s , 286: sn o w s le d s , 620 ; m is c. v e h icle s, 4 6 0 .
O F F I C E R S .— P r e s ., W illia m A . B a n c r o ft ; V .- P s ., C h a rle s S . S ergea n t
an d M a tth e w C . B ru sh : T r e a s ., H e n r y L . W ils o n : S e c ., H e n r y S . L y o n s ;
A n d ., J . H e n ry N e a l.— V . 9 4 , p . 6 7 , 118 5, 1565; V . 95, p . 296 , 618 . 1121,
1 2 7 2 ,1 4 0 0 , 1402, 1606; V 96, p . 61; V . 9 7 , p . 727 , 883 , 1354.
Companies Controlled by Boston Elevated Railway Co.
(1) W e s t E n d S t r e e t R a il w a y .— A t r o lle y r o a d .
O R G A N I Z A T I O N .— L e a se d t o B o s to n E le v a te d R y . u n til J u n e 10 1922
a t 7 % on c o m m o n a n d 8 % o n p referred in a d d itio n t o th e p a y m e n t o f
ren tals, in terest an d o th e r ch a rge s. E le v a te d assum ed possession J a n . 1
1898. S ee term s in V . 6 5 , p . 1223. C o n s o lid a tio n a u th o riz e d w ith th e
B o s to n E le v a te d R y . S ee p articu lars u n d e r la tte r c o m p a n y .
In D e c . 1896 leased th e rig h t t o u se th e T r e m o n t Street s u b w a y a t 4 J 4 %
o f its n e t c o s t , s ta te d a p p ro x im a te ly as $ 5 ,7 8 6 ,0 0 0 in S e p t. 1898, w hen the
th ird a n d last s e ctio n w as o p e n e d . E n tir e len gth is 1 2-3 m iles, w ith a
tra ck a g e o f a b o u t 5 m iles. See V . 6 3 , p . 1065, 1117; V . 6 7 , p . 528 . See
B o s t . E le v . fo r exten sion o f c o n tr a c t a n d n e w c o n s tr u c tio n .
O n A p ril 6 1912 M a s s . R l t . C o m m , a p p r o v e d th e issue o f $ 7 5 4 ,0 0 0 a d d i
tio n a l 4 )4 % b o n d s o f 1910 t o p a y in p a r t t h e c o s t o f im p ts . m a d e b y B o s to n
E le v a te d . V . 9 4 , p . 561 , 1058.
O n F e b . 13 1913 t h e M a s s . R R . C o m m , gra n te d perm ission t o is s u e $ 6 0 0 .000 2 0 -y e a r 5 % b o n d s a n d $ 2 2 0 ,0 0 0 a d d itio n a l c o m . s to c k t o re p a y th e
B o s to n E le v a te d fo r im p ro v e m e n ts . V . 9 5 , p . 1609; V . 9 6 , p . 4 8 9 . 655 .
In D e c . 1913 the I*. S. C o m m , w as ask e d t o s a n ctio n $ 6 0 0 ,0 0 0 30 y ea r
b o n d s an d $35 0 ,0 0 0 a d d itio n a l c a p ita l s t o c k t o p r o v id e fo r flo a tin g d e b t
d u e t o th e B o s to n E le v . R y . C o . fo r a d d itio n s a n d im p ro v e m e n ts . V . 9 7 ,
p . 1505, 1585. 1735; V . 9 8 , p . 2 3 8 .
In J a n . 1914 th e M a s s . R R . C o m m , w as
asked t o s a n c tio n th o issue o f $ 2 ,0 0 0 ,0 0 0 b o n d s t o re fu n d th e sa m e a m o u n t
o f 4)4® d u e A la r . 1 1914.
STOCK A N D BO N DS—
Dale.
Interest. Outstanding. Maturity.
C o m s to c k ($50) $ 1 2 ,7 3 0 ,1 5 0 .............
7 A -O
$ 1 2 ,7 3 0 ,1 5 0 O c t ’ 1 3 .3 > 4
P referred ($50) $ 6 .4 0 0 ,0 0 0 _________
8 J -J
6 .4 0 0 .0 0 0 Jan ’ 14. 4 %
G o ld b o n d s o f 1 8 9 4 ............. n t f 1894
4 ) 4 g M -S 2 ,0 0 0 ,0 0 0 M a r 1 1914
G o ld b o n d s o f 1896, $ 2 ,2 7 5 ,
4 g M -N
1896
8 1 5 ,0 0 0 M a y 1 J916
000 n o t m o r tg a g e ...........n t f .
G o ld b o n d s o f 1897, $2,700,-1
1897 4 g F -A
2 .7 0 0 .0 0 0 F e b 1 1917
000 n o t m o r tg a g e ___ c . n t f
C u rre n cy bo n d s ($ 1 ,0 0 0 ) n o t ____
1900 4 F -A
4 ,7 4 3 ,0 0 0 A u g 1 1915
m o r t g a g e ____________ c . n t f In terest a t O ld C o lo n y T r u s t C o . , B o s t o n .
1902
4 F -A
5 ,7 0 9 ,0 0 0 A u g 1 1932
B on ds
( $ 1 .0 0 0 ) ........... c * _ n t
4 H J -J
70 0 .0 0 0 Jan 1 1923
B o n d s ($ 7 0 0 ,0 0 0 )— c & r . n t f 1908
4 )4 J-J
1 ,6 0 1 ,0 0 0 J u ly 1 1930
B o n d s ($ 1 ,0 0 0 )............. c & r . n t f 1910
B o n d s .......... ........................
n t f 1912
5 M - N 6 0 0 ,0 0 0 N o v 1 1932
Bonds.— ’W ith th e e x ce p tio n o f 1900 issu e (n o te d a b o v e ) , in te re st o n all
issues is p a y a b le a t A m e rica n T r u s t C o . , B o s to n .
O F F I C E R S .— P re s., Jo se p h B . R u ssell; T r e a s ., P a rk m a n D e x te r .—
V . 9 3 , p . 3 4 7 , 409 , 528 . 667; V . 9 4 , p . 561 , 1058. 1121: V . 9 5 . p . 6 1 9 .
1474, 1609; V. 9 6 . p . 4 8 9 . 655; V . 9 7 , p . 150 5, 1585, 1735; V . 9 8 , p . 7 4 , 238 .
(2) S o m e r v ille H o r s e R R .
O w ns 8 .0 3 m iles o f tr a c k . L ea sod t o W e s t E n d Street R y . fo r $ 9 ,1 8 0
y e a rly — 6 % o n $ 153.000 s t o c k . D iv id e n d s are p a y a b le M . & N . in B o s t o n .
B O S T O N S U B U R B A N E L E C T R I C C O M P A N I E S — A tr o lle y s y s te m .
O R G A N I Z A T I O N .— T h is c o m p a n y Is a v o lu n ta r y asso cia tio n fo rm e d in
N o v . 1901 o n th e sam e lines as th e M a s s . E le c tr ic C o m p a n ie s . C o n
trols th ro u gh s to c k o w n ersh ip th e M id d le s e x & B o s to n Street R y . (in to
w hich th e N a tic k & C o c h itu a te S t. R y ., th o W e s tb o ro & H o p k in S t. R y .,
th e N e w to n & B o s . S t. R y ., th e N e w to n S t. R y . an d th e L e x . & B o s to n S t.
R y . h a v e be e n m e r g e d ).
In 1902 pu rch a sed N o ru m b e g a Park an d L e x in g
to n P a rk . In 190$ M assach u setts R R . C o m m , su stained a c tio n Increasing
fares o n several o f th e su bsid iary lines fro m 5 t o 6 ce n ts .
V . 87, p . 345.
H as a cq u ire d freigh t rights in several o f th e tow n s a lo n g its lines.
S T O C K .— Shares h a v e n o par v a lu e , b u t in ca se o f liq u id a tio n th o p re
fe rre d sh areh olders w ill b e en titled to $100 p e rsn a re , w ith a ccru e d d iv id e n d s ,
th e c o m m o n shares p a rticip a tin g p ro ra ta in th e rem a in in g assets. (S ee
V . 7 3 . p . 1159, 1263.)
In 1904 15,635 shares o f p referred an d 15,635 shares
o f c o m m o n w ere o ffe r e d t o shareh olders a t $66 67 fo r o n e share o f p re f. an d
o n e share o f c o m m o n jo in t ly . L isted o n B o s to n S to c k E x ch . in A p r. 1905.
O n M a y 22 1913 th e s to ck h o ld e rs a u th o riz e d th e ca n ce lla tio n o f th e 32 ,3 8 7
shares o f c u m . p r e f. s to c k o u tsta n d in g a n d th e issue o f n otes in p la c e o f
sa m e, h old ers h a v in g th e o p tio n o f ta k in g cash o r n o te s fo r their s t o c k .
V . 9 6 , p . 1487.
Maturity.
D a le.
In terest. Outstanding.
.......................
---------------- 5 0 ,296 sh .
C o m m o n s t o c k . . -------------------- --------32,387 sh . J a n .l 5 ’ 1 4 ,$ l
P referred s t o c k , $4 p e r s h , c u m ______
Q -J
1.10 0 .8 0 0 D e c 1 1919
Coupon
n o te s, $ 2 ,0 0 0 ,0 0 0 / 1909
4 J -D
($100. $500 an d $ 1 ,0 0 0 )___ (In te r e s t a t B o s to n S afe D e p o s it & T r u s t C o .
N o te s $ 2 ,0 0 0 .0 0 0 ............... ................- ..................................................
9 years
N otes.— T h e 1909 n o te s are n o t s p e cia lly s e cu re d , b u t are sim p le o b lig a
tion s o f th o a s s o c ia tio n , s u b je c t t o call o n a n y in terest d a te on 60 d a y s ’
n o tice at. 105 b e fo re D e c . 1 1914; th e re a fte r a t 1 0 2 )4 V . 8 9 . p . 1068.
R O A D .— C o m p a n ie s o w n e d a n d c o n tr o lle d o p e r a te in th e a ggrega te a b o u t
131 m iles o f track fro m N eed h am on th e s o u th t o L ow ell on th e n o r th , a n d
c o n n e ctin g a t fiv e po in ts w ith th o tracks o f th e B o s to n E leva ted R y . A t
W e s tb o r o c o n n e ctio n is m a d e w ith th e W o rce ste r C o n s o lid a te d .
D ividends.— First o f $1 o n preferred p a id A p ril 1902: also $1 J u ly 1902
an d $1 O c t . 1902.
In 1903, $4: In 1904, $2 50; in 1905, $2; in 1906. $2 75;
in 1907, $3. J a n ., A p ril an d J u ly 1908 d i v . passed.
In O c t. 1908 d iv s .
resu m ed , an d paid 75 ce n ts. In 1909, $ 3 .
In 1910 to 1912, in c l., $4.
In
1913, J a n .. S I; A p ril. $1: J u ly , $1; O c t ., $ 1 .
In 1914, J a n ., $ 1 . A rrears
o f d iv id e n d s t o Jan . 1 1914, $10.
R E P O R T .— F o r year e n d in g Ju n e 30 1913: In c o m e , g ro s s , $ 1 8 1 ,2 4 7 ;
n e t, $13 2,84 5: d iv id e n d s . $ 12 9,54 8; su rp lu s, $ 3 ,2 9 7 .
16
ELECTRIC RAILWAYS
OFFICERS.— Pres., Adams D. Claflin; V .-P ., Sydney Harwood; Troas.
Alden E. Viles; Sec., A . A. Baliantine; Asst. TSeas., G. M . Cox.— V. 90, p
53; V. 91, p. 37; V. 94, p. 281; V. 95, p. 817; V. 96, p. 1487; V. 97, p. 49
(1) M id d le s e x & B o s t o n S t r e e t Ry.— Trolley.
ORGANIZATION.—Organized In 1907 and took over the Soqth M iddle
sex Street R y., sold at receivers’ sale July 1 1907, and has since acquired
and merged the Westborough & Hopkinton St. R y., the Natick & Cochltu
ate St. Ry. (V. 87, p. 1420), the Newton St. Ry. (into which Waltham St
R y. had been merged, and which had acquired Commonwealth Ave. St. Ry
and Wellesley & Boston St. R y .), V. 89, p. 778, and the Newton & Boston
St. Ry. (V. 89, p. 993). On M ay 9 1912 Mass. R R . Commission granted
permission to absorb by consolidation the Lexington & Boston St. R y. and
fssuo $525,000 stock in exchango $ for $ for stock o f absorbed company
V. 94, p. 1317.
In Dec. 1911 Mass, R R . Comm. auth. the company to issue 51,483,000
refunding bonds, o f which $1,200,000 have beeen issued. See below and
V. 93, p. 1787, 731.
On Aug. 1 1908 Mass. R R . Commission gave a decision sustaining New
ton St. lty .’s right to charge 6-cent fares and to charge one cent extra
(beyond the ordinary 5 cents) for each transfer issued. See V. 87, p. 345.
In Aug. 1909 Comm, granted the Middlesex & Boston the right (for an exerimental period o f one year) to charge one cent extra (beyond the regular
cents) for each transfer issued; in Aug. 1910 privilege was continued for
another year and in Aug. 1911 privilege was again extended and is still
in force.
STOCK AND BONDS—• D a te.
In terest. O utstanding.
Afu tu rity
Stock, $1,987.000...............................
.............
$1,987,000 In 1913, 49J
First and rer M , $5,000,000? 1912 4% g J-J
1,408,000 Jan 11932
gold ($1,000)___________ c lln t. at Boston Safe Dep. & Tr. C o., trustee.
Commonwealth Ave 1st mtgej 1896 5 g F-A
75,000 Feb 1 1916
$75,000 ($500) gold___ c*\Int. at Internat. Tr. Co., Boston, trustee.
Lex & Bost 1st M , $500,000,1 1900
4% g A-O
500,000 July 11920
g ($1,000), callable 105-_c*] Interest at Beacon Trust Co., Boston, trustee
Current liabilities Juno 30 1913___________________ 1,344.588
B on ds. — Of the 1st & ref. bonds, $75,000, are reserved to retire under
lying bonds and $3,517,000 are for add’ns, exten. and impts. Callable on
any int. day on 30 days' notice as follows: Jan. 1 1917 to July 1 1921, incl.
at 107% and int.; Jan. 1 1922 to July 1 1926 incl., at 105 and int.; Jan. ]
1927 to July 1 1931 incl., at 102% and Int. V. 94, p. 351.
EARNINGS.— For year ending Juno 30 1913, gross, $941,235: net, after
taxes, $243,269; charges, $163,343; divs. (4 % ), $79,480; surplus, $446.
ROAD.— Owns 95.904 miles of track In Newton, Waltham, Water
town, Natick, Wellesley, Framingham, Hopkinton, Needham, Westboro,
Sherburn, Wayland, Belmont and Ashland, connecting with tho Worcester
Consolidated Street Ity., tho Boston Elevated R y. (at 4 points), &c.
Forms a link in a through lino from Boston to Worcester. Also owns 32.356
miles of track, leases 0.745 mile; total, 33.101 miles, extending from Arling
ton Heights (terminus of Boston Elev. system) through Lexington and Bed
ford to Billerica, where cars go through to Lowell without change, and also
to the Sullivan Square, Charlestown, station of tho Boston Elev. R y., with
branches to Waltham and to Concerd. Total track owned, 128.254 miles.
264 pass, and 14 work cars; 26 snow plows and sweepers. 60 to 75-lb. T
and 95-lb. girder rails.— V. 89, p. 778, 993; V. 93, p. 731, 1787; V. 94, p.
207, 351, 1317; V. 97. p. 237.
E
MASSACHUSETTS ELECTRIC COM PANIES— Street railways.
(See M a p on pa ge 17.)
ORGAN IZATION .— Formed in M ay 1899. Is not an incorporated
company, but a voluntary association managed by a board o f fifteen trus
tees, who hold tho title to its assets. Tho trust fund for 21 years, or until
June 29 1920, at which time the affairs o f the Association aro to bo liqui
dated (tho pref.shares having a first claim upon the assets for $100 per share
together with all unpaid accumulations o f dividends) unless prior to that
time, at a meeting called for that purpose, two-thirds of tho shares then out
standing shall vote to continuo its existence. V. 97, p. 1823. Messrs. E.
Rollins Morse & Br. and Tucker, .Anthony & Co. o f Boston, who pro
moted tho combination. In Juno 1899, in offering some of tho stock for pub
lic subscription 031,000 of prof, and $500 com. was offered for $1,050),
stated that “ tho Declaration of Trust contains strict provisions against tho
creation of any indebtedness whereby any shareholder or trustee can bo held
to any personal liability." Comprised originally between 30 and 40 sep
arate properties, but through consolidation there is now only ono operating
company, namely, tho Bay State St. R y., whoso entire common stock is
owned by the Massachusetts Electric Cos. The Hyde Park Electic Lt. Co.,
formerly owned, was sold on Jan. 3 1912 to Edison Elec. Ilium. Co. of Bos
ton, but in Mar. 1912 the Bay State St. Ry. bought back tho power station.
The system comprises electric street railway lines in 22 cities and 70
towns in Eastern Massachusetts and New Hampshire and Rhode Island,
covering tho greater part of the street railway mileage north of Boston
as far as Nashua, N. H., and Newburyport and Gloucester, Mass., and
south as far as Fall River and Now Bedford, Mass., and Nowport, R. 1.,
connecting directly with tho street railway system of Boston- also an electric
lighting property in Newport, R. I.
Paym ent o f A ccru ed D ie s , on P ref. Stock. — On Jan. 5 1912 pref. share
holders were offered $3,649,000 in negotiable warrants for additional pref.
stock, to represent accrued dividends of 17% % on pref. shares. New prof,
shares issued July 1 1912. V. 93, p. 1462; V. 94, p. 68.
On March 4 1913 the shareholders auth. the trustees to sell and dispose of
any or all the pref. shares of the Bay State St. Ry. which they may acquire
during the year 1913 and to pledge certain shares of that company’s stock
as security for tho 2-yr. gold coupon notes issued to refund in part tho notes
due July 1 1913. V. 96, p. 716.
STOCK AND BONDS.— The share capital is represented by certificates
o f participation which give tho owners a proportion interest in tho shares
held by the trustees. Both classes of shares aro reported exempt from taxa
tion in Massachusetts. Com. stock and stamped pref. stock listed on
Boston Stock Exchange. The balance sheet o f the controlled Bay Slate St. Ry.
shows funded debt June 30 1913, S23,106,000, and notes for amounts duo
M a s s . Elec. Cos., $1,450,000.
[Vol .
XC V III
these a b s o rp tio n s w as in Ju n o 1911, w h en th e B o s . & N o r . t o o k o v e r th e
O ld C o lo n y a n d issu ed 7 ,7 6 7 shares o f p re f. a n d 80,041 shares o f c o m In
o x ch a n g e fo r lik e a m o u n t o f O ld C o l. S treet R y . s to c k .
B e v e r ly & D a n v e rs .
M y s t ic V a lle y .
B o s t o n M ilt o n & B r o c k t o n .
N e e d h a m & B o s to n .
B ra in tre e & W e y m o u th .
N o w B e d fo r d M id d le b . & B r o c k t o n .
B r id g e w . W h itm a n & R o c k la n d .
N o r fo lk C en tral.
B r o c k t o n B rid g o w . & T a u n to n .
N o r fo lk S u b u rban .
B r o c k t o n & E a s t B rid g e w a te r.
N orth W obu rn .
D ig h t o n S om erset & Sw ansea.
O ld C o lo n y Street R y .
E a s t S id o B r o c k t o n & H o lb r o o k .
P r o v ld e n c o & T a u n to n .
G e o rg e to w d R o w le y & Ip s w ic h .
Q u in cy & B o s to n .
G lo b e S tre e t R y .
R e a d in g & L o w e ll.
G lo u c e s te r E ssex & B e v e rly .
R e a d in g W a k e fie ld & L y n fie ld .
G lo u ce s te r & It o c k p o r t.
R o c k la n d & A b in g to n .
G lo u c e s te r S treet R y .
R o c k p o r t Street R y .
H a n o v e r S treet R y .
S alem & W a k e fie ld .
H a v e rh ill & A n d o v e r .
S o u th Sh ore & B o s to n .
H a v e rh ill G e o rg e to w n & D a n v e r s .
T a u n to n & B r o c k to n .
H in g h am S treet R y .
T a u n to n S treet R y .
L a w re n ce & R e a d in g .
W a k e fie ld & S ton eh a m .
L o w e ll & W o b u r n .
W e s t R o x b u r y & R o slin d a le .
W h itm a n S treet R y .
L o w e ll L a w ro n ce & H a v e rh ill.
L o w e ll & S u b u rb a n .
W o b u r n & R e a d in g .
M id d le t o n & D a n v e rs .
In 1907 o b ta in e d p erm ission t o d o a fre ig h t business in a m a jo r it y o f the
to w n s alo n g its lines so u th o f B o s t o n , an d is n o w h a n d lin g express a n d freig h t
b y tro lle y o v e r a co n s id e ra b le p e rce n ta g e o f th is tr a c k .
In S e p t. 1911
M a s s . R R . C o m m issio n g ra n te d a u th o r ity t o c a r r y c o a l in ca r -lo a d lo ts or
less in D r a c u t, M e th u e n , M id d le to w n an d N o r t h A n d o v e r .
In S e p t. 1912 sign ed a c o n t r a c t b y w h ich th e B o s to n E le v a te d w ill take
th o c o m p a n y ’s express cars a n d brin g th em in to B o s t o n o v e r th o fo r m e r ’s
lines to a fre ig h t term in al near th e A lb a n y p o w e r s ta tio n .
V . 95, p . 1123.
D ec is io n regarding carrying children fo r h a lf-fa re.— In M a y 1912 th o full
b e n c h o f M a s s . S up rem o C o u rt sustained th e co n s titu tio n a lity o f C h a p . 57 6 ,
A c t s o f 1911, p r o v id in g th a t stre e t railw ays shall c a r r y s c h o o l ch ild ren u n
d e r 16 years o r a ge fo r h a lf fa re . V . 94, p . 1507.
L ea se.— In 1903 th o B o s to n E le v a te d R y . leased all o f th o tra ck o f th e
fo rm e r O ld C o lo n y S tre e t R y . (n o w a p a rt o f tho B a y S ta te S t. R y .) in
th e c it y o f B o s to n fo r 99 y e a rs. T h o lease p ro v id e s fo r th o p a y m e n t o f all
taxes an d also 6 % % on r e p la ce m e n t v a lu e (appraised at $ 3 5 3 ,9 7 9 , less th e
rental o f certa in s h o rt pie ce s o f tr a c k a pp ra ised a t $13 ,8 6 6 ) o f p r o p e r ty
leased as o f d a te F e b . 16 1903, an d 4 % o n all a d d itio n s an d b e tte rm e n ts .
STOCKS A N D BO N D S—
D a te. In terest.
Outstanding. Last div.,& c
S to c k c o m m o n (p a r $ 1 0 0 )------------------------------$ 2 0 ,5 1 7 ,2 0 0 D e c ’ 13, 3 %
1st p r e f ($100) 6 % c u m ......................
F -A
2 ,7 4 8 ,6 0 0 F e b ’ 1 4 , 3 %
Serial n o te s , $ 2 ,0 0 0 , 0 0 0 c - n t f ( 1912 5 F -A
1,975,000
Seo te x t
(In te r e s t st A m e rica n T r u s t C o ., B o s to n .
B o s & N o r r e f m tg o , $15 ,000 ,-1 1904 4 g J-J
7 ,1 7 9 ,0 0 0 J u ly 1 1954
000 , g o ld ($ 1 ,0 0 0 ) - c * _ n t f / l n t . a t A m e rica n T r u s t C o ., B o s to n , T ru stee.
L y n n & B o s to n 1st m tg e , g , l 1894 5 g J -D
3 ,7 2 3 ,0 0 0 D e c 1 1924
$ 5 ,3 7 9 ,0 0 0 ($ 1 ,0 0 0 ) c * . n t f l i n t , a t O ld C o lo n y T r . C o ., B o s to n , T r u s te o .
G R & 1 1st m tg e (SI .0 0 0 ), l 1900
5 g J -D
180,000 Jun o 1 1920
$ 1 8 0 ,0 0 0 , g o ld _________ u t f /I n t e r e s t a t C it y T r u s t C o ., B o s to n , T r u s te o .
II G & D 1st m t g e _______ . n t f 1899
5
3 5 ,000 M c h 1 1919
L y n n & B c o u p $ 4 0 5 ,0 0 0 -. n t f 1897
6 A -O
4 05 ,000 A p ril 1 1917
G lo u ce ste r E s ’x & B o v 1st M ,\ 1896
5 g J -D
125,000 D e c 1 1916
$ 1 2 5 ,0 0 0 (8 1 ,0 0 0 ),g . c * . n t f j In terest a t A m o r . T r . C o . , B o s to n , T ru steo.
W a k e fie ld & S ton eh a m 1 s t! 1895 5 g M -S
150 ,000 M c h 1 1915
m tg o , $ 1 5 0 ,0 0 0 , g o l d . c . n t f j
T h o last issue is red eem a b le a t 105. I n t . a t A m . T r u s t C o ., B o s to n , T r u s .
T h e M y s t ic V a lle y S t. R y . has o u t $ 6 0 ,0 0 0 g o ld 5s, d u e Jan . 1 1919.
T h e R o c k p o r t S t. R y . has o u ts ta n d in g $ 1 2 ,5 0 0 6 % c o u p o n n o tes d u e
O ct. 15 1916, in terest p a y a b le A p ril a n d O cto b e r .
T h o G lo u ce ste r & R o c k p o r t has o u ts ta n d in g $ 1 0 ,0 0 0 6 % co u p o n n otes
d a te d F e b . 1 1895 an d d u o F e b . 1 1915.
L o w e ll L a w r e n c e & H a v e r h ill.
BON DS—
D a te.
Interest.
O utstanding.
M a tu rity.
L ow ell L a w re n ce & n a v e r h lllf 1893
5 g J -D
$ 7 7 4 ,0 0 0 .Tune 1 1923
1st m tg e , $ 1 ,9 0 0 ,0 0 0 , g o ld , S u b j. t o call fo r th o sin k , fu n d a t 105 & in t.
$ 1 ,0 0 0 _______________c * . n t f I n t. at A m o rica n T r u s t C o ., B o s t o n , T r u s te o .
P e o p le ’s St R y , W e s t N o w 1898 5 J-J
64,0 0 0 Jan 1 1928
b u r y , M a s s , first m o rtg a g e In te re st a t S ta te S treet T r u s t C o ., B o s t o n .
b o n d s , a ssu m e d ________ n t f
O L D C O L O N Y S T R E E T R Y . S E C U R IT IE S .
BON DS—
D a te.
Interest.
Outstanding.
M a tu r ity .
R e f m tg e , $ 1 0 ,0 0 0 ,0 0 0 , g o l d , 1
1904 4 g J-J
$ 5 ,6 9 2 ,0 0 0 J u ly 1 1954
($ 1 .0 0 0 )........................c * - n t f J ln t. at O ld C o lo n y T r . C o . , B o s t o n , T r u s te e .
B r o c k to n (C o n s o l) St R y 1st 1
1894 5 g A -O
689 ,0 0 0 O ct 1 1924
m o r t, $ 7 5 0 ,0 0 0 , g o l d ___n t f / l n t . a t S ta te T r . C o . , c a lla b lo a t 105 & in t.
B o s to n M ilt o n & B r o c k to n \ 1899
5 J-J
100,000 J u ly 1 1919
1st m tg o , $ 1 0 0 ,0 0 0 ____ n t f / I n t . a t In te r n a t. T r . C o . , B o s t o n , T ru s te o .
B r o c k B rid e g w a t & T a u n to n )
1897 5 g F -A
2 0 0 ,0 0 0 A u g 1 1917
1st M g , $20 0 ,0 0 0 ($1,000) l i n t , a t A m e r . T r . C o ., B o s t o n , T r u s te e .
B r o c k & E B rid g e w a te r, 1 s t)
1898 5 g F -A
3 0 ,0 0 0 F e b 1 1918
m tg o , g o ld , 3 3 0 ,0 0 0 ___n t f / I n t . a t A m e rica n T r . C o ., B o s t o n , T ru steo.
T a u n to n & B r o c k to n fir s t \
1897 5 F - A
100 ,000 A u g 11917
m o rtg a g e , $ 1 0 0 ,0 0 0 ___n t f / I n t . a t S ta te S treet T r . C o ., B o s t o n , tru stee.
N B e d fo r d M ’d le b o r o & B ro ck )
1900 5 g J-J
325 ,0 0 0 Jan
1 1920
1st M , $ 3 2 5,00 0 ($ 1 ,0 0 0 ), [ i n t . a t A m e rica n T r . C o .. B o s t o n , T r u s te e .
—_
__
g o l d _____________________ n t f )
B ra in tree Street m o r t ____ n t f /
1894 6 J-J
35,0 0 0 J u ly 25 1914
[ S t a t o S treet T r u s t C o ., B o s t o n , T r u s te o .
O f th o $1 0 ,0 0 0 ,0 0 0 O ld C o lo n y S t. R y . r e f. m t g o ., $ 2 ,7 0 9 ,0 0 0 are reserved
fo r prior liens.
R em a in in g b o n d s can o n ly b e issued fo r 5 0 % o f c o s t o f
a d d itio n s & iin p r’ ts. T h e se b o n d s aro n o t s u b je c t t o ca ll. V . 9 3 , p . 1784.
G l o b e S t r e e t R a il w a y S e c u r i t ie s .
D a te.
Interest.
O utstanding.
M a tu rity.
1896 5 g J -D
$78 ,0 0 0 D e c 1 1916
D a le.
R ate.
Outstanding.
D ividends. D ig h to n Som erset & S w an f
b o n d s, $12 5 ,0 0 0 , g o ld , s f, I n t. a t In te rn a tio n a l T r . C o ., B o s to n , T ru s .
Common stock, par $ 1 0 0 1 ____ ________ $14,293,100 __________
red 105 ($ 1 ,0 0 0 ).............n t f l
S inking fu n d is $ 3 ,0 0 0 a year.
($14,293,100)-------------------/
1894 5 M -S
*,00,000 M a r 1 1914
Pref. stock, par $100 4 % 1 ___
4 J-J
24,119,860 J a n '14, 2% T a u n to n St R y d e b e n tu re s ..-)
[ I n t . on T a u n to n S treet R y . b o n d s p a y a b lo a t
cum ($24,206,400)_______
j
A m e r . T r u s t C o ., m tg e . tru steo, B o s to n .
Coll trust coupon notes, gold! 1913 5 g M -N
3,100,000 M ay 1 1915
($1,000) $3,500,000.........c*jOhl Colony; Trust Co., Boston, Trusteo.
P r o v & T a u n to n St R y 1st g l
1898 5 g M -S
150,000 S ep t 1 1918
The 1913 coupon notes are secured by a majority o f the common stock
($ 1 ,0 0 0 ).a u th ,$ 2 0 0 .0 0 0 .n t f /
A m e rica n T r u s t C o . , B o s t o n , fr u s te o .
of the Bay State St. Ry. V. 96, I). 1298. Red. on any int. dato on 30
S o u t h S h o r e & B o s t o n S t r e e t R a ilw a y S e c u r i t ie s .
days’ notico at a prico at which the note, if hold to maturity, would net tho
D a te.
Interest.
Outstanding.
M a tu r ity .
holder 3% % per annum; int. computed semi-annually.
B o n d s , 1st M ($ 1 ,0 0 0 ), g o l d , 1
1899 5 F -A
$ 3 3 5,00 0 A u g 1 1919
REPORT.— Roport for the year ending Sept. 30 1913 (seo “ Chronlclo”
$ 1 ,0 0 0 ,0 0 0 .........................n t f / l n t . a t A m e rica n T r u s t C o ., B o sto n , T ru stee.
Dec. 13 1913, p. 1730), shows receipts from divs., $1,133,293; from int. on B ra in treo & W e y m o u th 1st)
1897 5 g M -S
8 0 ,000 M a r 1 1917
notes, &c., $71,433; total, $1,204,726; expenses, $32,451; int., $171,561;
m tg e , g o ld . $ 8 0 ,0 0 0 ___n t f / l n t . a t In te r n a t. T r . C o ., B o s to n , T ru steo.
divs., $968,256; surp., $32,458; prov. surp., $2,761,810; total surp.,82,- B rid g e w a te r W h it & R o c k .)
1897 5 g M - N
85,0 0 0 N o v 1 1917
1st m tg o , g , $ 1 ,000 c*_ n t f /I n t e r e s t a t A m e rica n T r u s t .C o ., B o s to n .
794,268; from this was deducted $47,269 net debits, leaving surplus Sept.30
1913, $2,746,999.
R o c k la n d & A b in g to n , 1st)
1895 6 g M -N
100,000 M a y 1 1915
DIVIDEN DS.— First div. on pref. stock, 2% , was paid Dec. 1 1899; also
m tg e , $10 0 ,0 0 0 , g o l d c * n t f / I n t . a t O ld C o lo n y T r . C o ., B o s t o n , T ru stee.
2% Juno 1 1900. Div. period then changed to J&J and 2 1-3% paid Jan.
W e s t R o x b u r y & R o s l i n d a l e S t r e e t R a ilw a y B o n d s .
1901; July 1901, 2% ; in 1902, 4% ; in 1903, 4% ; in 1904, 4% . T he Jan.
D a te.
In terest.
Outstanding.
M a tu rity.
1905 dividend was passed and none paid until Jan. 1909, when 1% paid;
M , $ 1 5 0 ,0 0 0 , g , s f ($ 5 0 0 ),! 1896
5 g M -S
$ 1 1 7,50 0 S ept 1 1916
July, 1% % . Seo V. 79, p. 2642, 2456; V. 85, p. 1646; V. 87, p. 1420, 1stred
at 1 0 3 . - .......... - . c * - n t f / i n t . a t In te r n a t. T r u s t C o . , B o s to n , T ru stee.
and V. 89, p. 1597. In 1910, 3 % % . In 1911, 4% . In 1912, Jan., 2% ; N o r f C e n t 1st M , g o ld , $100,-1
1898 5 g J-J
32,5 0 0 J u ly 1 1918
July, 2% . Seo above for payment of accrued divs. of 17% % . In 1913,
000 , s u b je c t t o c a ll____ n t f / l n t . a t In te rn a t. T r u s t C o ., B o s to n , T r u s te e .
4 % . In 1914, Jan., 2% .
N
o
r
fo
lk
S
u
b
u
rb
a
n
,
firs
t
m
ort-\
1894
5
J-J
45,0
0 0 J u ly 1 1914
ROAD, &c.— Tho Bay StateSt.R y. ownsJ858.827miles and leases 65.909
g a g e _____________________ n t f / l n t . a t In te r n a t. Tr. C o ., B o s to n , T r u s te o .
miles, a total of 924.736 m. of main line; owns and oporates 2,063 cars.
Stock and B on ds.— B y th o term s o f p u rch ase o f O ld C o lo n y b y B o s to n &
Power capacity 49 engines, 43,775 h.p., and 53 generators, 29,755 k.w.;
N o r . th e p re f. sto ck h o ld e rs o f b o t h co m p a n ie s b e ca m e 1st prof, sto ck h o ld ers
9 turbines, 18,600 h.p. and 12,500 k.w.
OFFICERS.— Pres., Gordon Abbott; V .-P ., Charles E. Cotting; Sec., o f th e B a y S tate S t. R y . P r e f. s to c k is s u b j. t o call a t 120. L iste d on
Everett \V. Burdett; Treas., J. H. Goodspeed; Gen. M gr., P. F. Sullivan; B o s to n S to c k E x ch . O f th o $1 5 ,0 0 0 ,0 0 0 B o s to n & N o r . b o n d s, $ 5 ,3 5 2 ,0 0 0
Gen. Auditor, II. II. Read. Executive Coinmitteo: Philip Dexter, Chair aro reserved t o retire p rio r lien s. R e m a in in g b o n d s can b o issued o n ly fo r
man; Gordon Abbott, Charles Francis Adams 2d, Galen L. Stono, Percy 5 0 % o f c o s t o f a d d itio n s and im p ro v e m e n ts . T h e so b o n d s h a v o n o sin kin g
Parker, Philip L. Saltonstall and Charles E. Cotting. Office. 84 State St., fu n d an d aro n o t s u b je c t t o ca ll. V . 93, p . 1784. O f th o $ 5 ,3 7 9 ,0 0 0 1st M
Boston. V. 88. p. 883, 1437, 1560; V. 89, p. 163, 348, 1411, 1483, 1540; b o n d s o f th e L y n n & B o s to n R R . , $ 1 ,6 5 6 ,0 0 0 h a v o been ca n c e le d . T h o
1597; V. 90, p. 54, 167, 1425, 1491; V. 91, p. 1254, 1328. 1570, 1574, 1767; c o u p o n n o te s o f 1912 m atu re A u g . 15 as fo llo w s : 1913 ( p a id ), $ 25 ,000 ;
V. 92, p. 118, 1181, 1500; V. 93, p. 105, 1462, 1597, 1787; V. 94, p. 68; 1914, $ 31 ,000 ; 1 9 1 5 ,3 3 7 ,0 0 0 ; 1916, $ 43 ,000 ; 1917, $50 ,000 ; 1 9 1 8 ,8 5 7 ,0 0 0 ;
V. 95, p. 618. 750. 1123, 1403, 1537; V. 96, p. 230, 653, 716, 1089, 1298; 1 9 1 9 ,8 6 4 ,0 0 0 ; 1 9 2 0 ,5 7 2 ,0 0 0 ; 1 9 2 1 ,3 8 0 ,0 0 0 ; 1922, $ 88 ,000 ; 1 9 2 3 ,3 9 7 ,0 0 0 ;
1924, $10 6,00 0; 1925, $ 11 6,00 0; 1926, $12 6,00 0; 1927. $ 13 6,00 0; 1928,
V. 97, p. 1662, 1730, 1823.
8,00 0; 1929, $16 0,00 0; 1930, $ 17 4,00 0; 1931, $ 18 8,00 0; 1 9 3 2 ,3 2 0 2 ,0 0 0 .
(1)
Bay S t a t e S t r e e t Ry.— An electric road.— (See M a p on page 17.) $14
V . 95, p . 618.
ORGANIZATION.— This was tho Lynn A: Boston R R . (incorp. in Mass.
E N D S .— In itia l d iv . o n B a y S tato S t. R y . c o m .— 3 % — p a id
April 6 1859), but on July 23 1901 name changed to Boston & Northern D eDc .I V30I D1911;
in 1 9 1 2 ,J u n e ,2 % ; D e c . ,3 % ; in 1913, J u n o , 2 % % ; D e c . , 3 % .
t. Ry. and on Aug. 8 1911 namo was again changed to present title. Tho
R O A D .— See d e scrip tio n u n d e r M a s s . E le c . C o s . a b o v e .
following companies havo been absorbod from time to time. Tho latest of
8
J an ., 1914.J
ELECTRIC RAILWAYS
17
18
[Vol .
ELECTRIC RAILWAYS
INCOME ACCOUNT OF B AY STATE STREET R Y .-F is ca l year was
changed In 1911 to end June30, and reports for 1912-13,1911-12,1910-11 are
for 12mos. end. June 30; figures for previous year for 12 mos. end. Sept. 30:
1912-13.
1911-12.
1910-11.
1909-10.
Earnings........................... $9,462,251 $9,116,202 $8,881,521 $8,560,949
Expenses......... .................. 6,109,511
5,806,410
5,557,304 5,360,295
..$3,352,740
.. 1,914,902
$3,309,792
1,840,329
$3,324,217
1,838,579
$3,200,654
1,792,937
-$1,437,838
1.253,762
$1,469,463
1,077,681
$1,485,638
1,169,090
$1,407,717
1,130,561
B a la n c e ............................... $ 1 8 4 ,0 7 6
$ 3 9 1 ,7 8 2
$ 3 1 6 ,5 4 8
$27 7 ,1 5 6
O F F I C E R S .— P r e s ., P a tr ic k F . S u lliva n , B o s to n ; V .- P . & T r e a s ., C . R .
R o c k w e ll; V .- P . & G e n . M g r ., R . S . G o ff .— V . 8 4 , p . 995; V. 8 6 , p . 720 ,
1223; V . 8 8 , p . 74 8 , 1436: V . 9 2 , p . 117, 593 , 659; V . 93, p . 104, 28 5 , 1724,
1784; V . 9 4 , p . 1055, 1507; V . 9 5 . p . 175, 360 . 4 1 8 , 543 , 618 , 678; V . 9 6 ,
p . 200 , 78 9 , 1838; V . 9 8 , p . 72.
(a) B o s t o n & C h e ls e a R R . — O w ns 4 .3 5 2 m iles o f m ain tra ck . L eased
t o L y n n & B o s to n S treet R y . C o . a t $7,2 6 0 per a n n u m , equal to 6 % on
$ 1 2 1 ,0 0 0 s t o c k , p a y a b le A . & O .
(i>) B o s t o n & R e v e r e E l e c t r ic S t r e e t R y .
O R G A N I Z A T I O N .— I n c o r p . J u n o 24 1889. L ea sed fro m J u ly 1 1895
fo r 99 yea rs t o L y n n & B o s to n (n o w B a y S ta te S treet R y . ) , w h ich g u a ra n
tees in terest on th e $ 5 0 ,0 0 0 m o r tg a g e o f 1908 a n d d iv id e n d s o n $50 ,0 0 0
s t o c k fro m J u ly 1 1898 a t 5 % p e r a n n u m .
STOCK A N D BON DS—
D a te.
Interest.
Outstanding.
M a tu rity .
S to c k (p a r $ 1 0 0 )-------------------------------5 J-J
$ 5 0 ,0 0 0 See text
5 g M -S
50,0 0 0 S ep t 1 1928
B o s to n & R e v e re E le c St R y l 1908
$ 5 0 ,0 0 0 g o ld ($ 1 ,0 0 0 )___ c * /I n t . a t A m e rica n T r u s t C o ., B o s t o n , T r u s te e .
Bon ds.— N o sin k in g fu n d , b u t b o n d s m a y b e ca lle d on a n y interest d a te
on six w eek s’ n o tice .
R O A D .— T o t a l t r a c k , 3.711 m iles m a in .
(c) E a s t M id d le s e x S t r e e t R y .
O R G A N I Z A T I O N .— O w n s 19.251 m iles o f m ain tr a c k . L eased M a y 1
1893 t o L y n n & B o s to n (n ow B a y S ta te S t. R y .) fo r 99 years at a rontal till
M a y 1 1896 o f $18 ,0 0 0 y e a r ly in a d d itio n t o fix e d charges; then till M a y 1
1901 $ 2 4 ,0 0 0 y ea rly ; and fo r rem a in d er o f lease $ 3 0 ,0 0 0 y e a r ly . E ig h t
p er c e n t d iv s . h ad been p a id , b u t on M a y 1 1901 w ere increased t o 1 0 % .
STOCK AN D BON DS—
D a te.
Interest.
Outstanding.
M a tu rity .
10
--------------$297,700 "See text
'
'
S to c k ($ 1 0 0 ). $ 3 0 0 ,0 0 0 ...........................
P lain b o n d s , in t. g u a r. ( e n d . ) . 1898
120.000 Sept 1 1918
5 M -S
100.000 Jan 1 1922
R e f b o n d s, in t guar ( e n d ) ____ 1902
4 J-J
In terest a t S ta te N a tio n a l B a n k , B o s to n .
T h e lesseo in th e lease agreed to s ta m p b o th issues o f th e b o n d s w ith a
g u a r a n ty o f th e interest— p rin cip a l Is n o t g u a ra n te e d .— V . 6 7 , p . 482 .
(d) N a s h u a S t r e e t R a il w a y .— T r o lle y .
O R G A N I Z A T I O N .— I n c o r p . A u g . 14 1885. O n J u ly 1 1900 w as leased
t o th e L ow ell & S u b u rban fo r 99 yea rs, a n d lease n o w runs t o B a y S tate
S treet R y .
Rental.— D iv id e n d s are p a y a b le J a n . a n d J u ly a t th e ra te o f 4 % In 1901,
5 % in 1902 an d 6 % fo r th o rem ain in g 98 yea rs o f lease.
S T O C K , B O N D S , & C .—
D a te.
In terest.
Outstanding. D io . A M a t.
S to c k , $ 3 2 5,00 0 (p a r $ 1 0 0 ) . . . ------- ............$32 5 ,0 0 0 See text
m o r tg a g e ,
$15 0 ,0 0 0 ,1 1901
4 g A -O
150,000 O ct 1 1931
F irst
($ 1 ,0 0 0 ), g o l d ________ c * t f / l n t . a t O ld C o lo n y T r . C o ., B o s to n , T ru ste e .
Bonds.— E n tir e issue m a y b o called a t 105 an d accru e d Interest.
R O A D .— O w ns 15.941 m iles o f m ain tr a c k .
(e) W i n n i s i m m e t ( S t r e e t ) R R .
O R G A N I Z A T I O N .— O w n s 2 .0 8 5 m iles o f m ain t r a c k . L oa sed t o the
L y n n & B o s to n for 999 years fro m 1880 a t $ 3 ,0 0 0 per a n n u m . C a p ita l s to c k
Is $50 ,0 0 0 ; p ar $50 . D iv id e n d s in 1894 t o 1913, in c l., 6 % p e r a n n u m .
( / ) N e w p o r t & F a ll R iv e r S t r e e t R y .
O R G A N I Z A T I O N .— O rga n ized b y special A c t o n F e b . 23 1898. J u ly 1
1900 co n s o lid a te d w ith N e w p o r t S t. R y . l ia s also co n s o lid a te d w ith N e w
p o r t Illu m in a tin g C o . E m b ra ce s 20.5 6 9 m . o f m ain tra ck in and betw een
N e w p o r t a n d F all R iv e r ; also ele ctric lig h tin g . W a s leased on J u ly 1 1901
fo r 99 yea rs to th o O ld C o lo n y S t. R y . (sin ce m erged in B o s to n & N o rth e rn ,
n ow th o B a y S ta te S t. R y .) fo r a ren tal o f 6 % p er ann um an d in t. o n b o n d s.
T h e M a s s . E le c . C om p a n ies d isp o se d o f its h old in gs in F e b . 1902.
S T O C K , B O N D S , E T C .—
D a te.
Interest. Outstanding. M a tu rity .
S t o c k , p ar $ 1 0 0 _____________ _______
J -J
$95 0 ,0 0 0
See te x t.
240.000 Aug 1 1918
Newport & Fall River 1st! 1898 5 F-A
m ortgage_____________ tf(American Trust C o., Boston, Trustee.
Consol mortgage, $1,000,000,1 1904 4H J 4
573,000 July 1 1954
gold ($1,000)______c*& rtf lint, at Am. Trust C o., Boston, Trustee.
Newport Illuminating Co 2 d \ -----6g
63,500 Oct 1 1925
mortgage, g o ld ________ tf/Central Trust C o., Now York, Trusteo.
Bonds.— Of tho remaining consol, mtge. bonds, $304,000 are reserved to
retire prior liens and $123,000 for future additions at 50% of cost. Not
redeemable. V. 79. P- 213, 501, 1462.
EARNINGS of tho Bay State St. Ry. from operation of tho Newport
& Fail River St. Ry. for year ending Juno 30 1913 wore: Gross, $373,812;
net, $190,242; charges, $60,106; surplus, $130,136.
B O S T O N & W O R C E S T E R E L E C T R IC C O M P A N IE S .
O R G A N I Z A T I O N .— T h is is a v o lu n ta r y a sso cia tio n organ ized u nd er a
tru st agreem en t d a te d D e c . 29 1902. Its p r o p e r ty co n sists o f tho en tire c o m .
s t o c k , $14 0 ,0 0 0 1st m tg e . b o n d s an d $17 5 ,0 0 0 ‘ ‘n o te s p a y a b lo ” o f th o B oston
Ac W or c e ste r S t. R y .
It has issued 3 3 ,936 4 % c u m . p re f. shares an d 34,614
c o m . shares, n o par valu e; b u t in case o f liq u id a tio n p re f. shares r e ce iv o $ 100
ea ch b o fo r o th o p a rticip a tio n o f c o m m o n . In Ja n . 1905 was listed on B o s
to n S to c k E x ch a n ge. S to c k w as increased t o present a m o u n t b y th o issue
in J u ly 1906 o f 6.0 0 0 shares co m m o n an d 6 ,0 0 0 p r o f., w h ich w as o ffe r e d to
shareh olders at $105 for a b lo c k o f $100 p re f. plus $100 c o m .
R E P O R T .— F or y ea r to Ju n o 30 1913 (V . 97, p . 8 8 4 ): D iv id e n d s re ce iv e d
fr o m B. & W . S t. R y . s t o c k , $50 ,6 2 5 ; m isc. In co m e , $ 1 9 ,0 5 3 ; to ta l in cora o,
$ 6 9 ,6 8 3 ; exp on ses, $ 1 ,3 8 9 ; p r o L , d i v ., $6 7 ,8 7 2 ; su rplu s, $422.
D I V I D E N D S .— F irst d iv . on p re f. s t o c k , $2, p aid July 1 1904; $2 J a n .
1905 an d $2 J u ly 1 1905; in 1906, $4; In 1907, $4; in 1908, $4; in 1909, $2;
In 1910, J a n ., $1; n on e to Ja n . 1912, w hen $1 w as p a id : J u ly , $1; in 1913,
J a n ., $1; J u ly , $1; in 1914, J a n ., $ 1 .
,
O F F I C E R S .— P r e s ., W illiam M . B u tler; V .- P . , A . E . C h ilds; S e c. &
T r o a s ., G eorg o A . B u tm a n . V . 8 9 , p . 1662; V . 9 0 , p . 1674; V . 9 1 , p . 1764;
V , 9 3 , p . 795 , 1018, 1667; V . 9 5 , p . 74 9 , 815.
B o s t o n & W o r c e s t e r S t r e e t R y .— T r o lle y .
O R G A N I Z A T I O N .— In c o r p o r a te d in M a ssa ch u se tts o n N o v . 16 1901.
Fran ch ise p erp etu a l.
O w n s th e F ram in gh am U nion S treot R y ., F ra m
in gh am S o u th b o ro u g h & M a r lb o ro u g h S treet R y . and tho M a rlb o ro u g h
& F ram in gh am S t. R y . In M a r c h 1907 M a s s . R R . C om m issio n g ran ted
rig h t to d o an express an d freigh t business o v e r en tire line.
O n F eb . 21 1911 M a ss. R R . C o m m . a u th . an issue o f $39 7,20 0 6 % cu m .
($100) p ref. s to c k (a u th . b y sto ck h o ld e rs F e b . 2 1911), o f w hich $ 2 9 7,00 0
w as used to retire lik e a m o u n t o f c o m m o n issued in 1910 ( V . 90, p . 625) and
rem ain der ($ 97,000 issued) t o b e used to fu n d flo a tin g d e b t .
V. 92, p . 394,
^ I r ’i * N o 'v . 1912 m a d e a c o n tr a c t w ith th o B o s to n E lo v a te d R y . fo r th o
op e ra tio n o f express cars o v e r th a t c o m p a n y 's tracks t o th o freigh t oxpross
term in al on H arrison A v e .
F a res.— In 1909 single fa ro u n it raised fro m 5 c . t o 6 c .
STO C K A N D BO N DS—
D a le. In terest.
Outstanding.
M a tu rity .
S t o c k , c o m ( $ 1 0 0 ) - - .................................... ................
$ 2 ,0 2 5 ,0 0 0 D e c’ l 3.1 4 { %
P ref, $ 3 9 7,20 0 ($100) 6 % c u m ............
M -S
3 97 ,200 S e p t 13- 3 %
B o s t & W o r 1st m ortg age. $2.-1 1903 443 g F -A
2 ,4 0 0 ,0 0 0 A u g 1 1 9 2 3
500 ,0 0 0 , g old ($ 1,000) c * t f / I n t e r e s t a t A m e rica n T r u s t C o ., B o s ., T ru s .
F ram S o & M a rl 1st m t g - t f / ------5
6 0 ,000 Jan
11919
(In te r e s t at A m e rica n T r u s t C o ., B o s ., T ru s .
N o te s p a y a b lo J u ly 1 1913-----------------------------------------*175 ,000 ------------* A ll held b y B . & W . E le c tr ic C o s .
D ividends.— O n p ref. 3 % sem i-a n n . sin ce Issued. O n c o m . p a id 3 %
J u ly 1904; also 3 % sein l-an n . until D e c . 1908, w hen 1 4 3 % was p a id . In
1909, Ju n e, 1 4 3 % ; in 1910, J a n ., 1 4 3 % : in 1911, D e c ., 1 % ; in 1912, Ju n o.
1 4 3 % ; D e c ., 1 4 4 % .
In 1913, J u n e , l k % : G e e ., 1 4 4 % .
R E P O R T .— F or y ea r en din g Ju n e 30 1913, gro ss, $66 8,93 8; n e t, $ 2 5 1 ,
091; lilt. & taxes, $17 2,21 3; p re f. d i v ., $2 3 ,6 8 7 ; c o m ., $ 50 ,625 ; su r p ., $ 4 ,5 6 6 .
X C V III.
ROAD.— Owns and operates 82.58 miles of track, a considerable portion
over private right of way, between Boston and Worcester, including an
extension to Natick. Rails, 75-lb. Has 79 cars.
OFFICERS.— Pres., William M . Butler; V .-P., A. E. Childs; Sec. and
Treas., Geo. A . Butman.—-V. 86, p. 601; V. 87, p. 1418: 1660; V. 89, p. 222.
1346, 1662; V. 90, p. 625. 770; V. 91, p. 869. 1628; V. 92, p. 394, 525
659, 724; V. 96, p. 1020, 1421.
PUBLIC SERVICE INVESTMENT CO.
ORGANIZATION, &c.— Organized in Maine to bold and to deal in
stocks, bonds, notes and other securities. On Oct. 30 1913 stockholders
voted to incroaso tho stock from $2,000,000 each of prof, and common to
$3,000,000 each. V. 97, p. 1289
STOCK.—
Date.
Interest. Outstanding. Maturity.
-------------- $2,184,500 F e b '14, 2%
Common $3,000,000 ($100)-----------Pref,$3,000,000 6% cum .($100)___
6% Q-F
2,184,500 F o b '14! 143
Stock.—-Preferred stock is redeemable at option of company at 115;
$315,500 in treasury. Of tho common $315,500 Is in treasury.
Securities Owned (Stone A Webster Properties).
Blackstone Vai. G. & E l..*$401,300 Tampa Electric C o_______ b$175,000
Jacksonville Traction C o .. 350,000 Galv. Houston Elec. C o____*350,000
Houghton County E l. L. C o.*500,600 Northern Texas El. Co ____*385,006
Houghton County Trac. Co.*106,606 Pug. Sd. T r., L.& P ow .C o*l,466,800
Columbus Elec. Co________al66,666 Koy West Elec. C o------------- a222,000
El Paso Elec. C o .................*341,000 Kew West Electric C o------- *374,100
* Common stock. a Preferred stock, b Capital stock,
See statements of these companies (except tho Blackstone Valley Gas
die Houghton County Electric Light Co.) on subso& Electric Co. and the
quent pages.
_ ,
Stone & Webster offered the stock in March 1909 in blocks of 10 shares
of preferred and 4 shares of common for $956. V. 89, p. 163. In Dec.
1913 thoy offered $500,000 pref. stock at 97. V. 97, p. 1734.
Dividends.— On pref. 143 % quar. sinco Aug. 1909 to and including N ov.,
1913. On com., 1st div.— 144%— Feb. 1 1910; Aug., 144%. In 1911.
Feb., 143%. Aug., 143%. In 1912, Feb., 143%. Aug., 2% . In 1913.
Feb., 2% ; Aug., 2% .
EARNINGS.— For year end. Dec. 31 1913, gross, $256,766; net, after
taxes, &c., $241,857; pref. divs. (6 % ), $126,000; common div. (4 % ),
$80,000; surplus, $41,857.
DIRECTORS.— Henry G. Bradlee, Russell Robb, Chas. A . Stone,
Edwin S. Webster, Eliot Wadsworth (Pres.).— V. 89. p. 163; V. 90, p. 628;
V. 92, p.463; V. 95, p. I l l ; V. 97, p. 1119, 1289, 1734.
BOWLING GREEN, OHIO.
LAKE ERIE BOWLING GREEN & NAPOLEON R Y.— A trolloy road.
C . G . T a y lo r su c c e e d e d A . E . R o y ce a n d B . C . H a rd in g as re c e iv e r . V . 9 2 , p .
1243. O n D e c . 18 T 1 J u d g e ICillits ord e re d a r e -is s u e o f $75 ,000 re ceivers' ctfs
orig in a lly p u t o u t several m o s . p re v io u s fo r im p r o v ’ ts. V . 9 3 , p . 1786, 796 .
S in co tak in g possession receivers h a v e p aid in t. d u o M a y l and N o v . 1 1911.
F oreclosure.— O n M a y 17 1913 th o U n ion T r u s t C o . o f D e tr o it in stitu ted
fo re clo su re p ro ce e d in g s in th o U . S . D is t. C o u r t a t D e tr o it .
Th o a m o u n t
d u o oh th o 1st M . 5s o f 1903 w as s ta te d as $ 4 2 9 ,5 0 0 .— V . 9 6 , p . 1488.
O R G A N I Z A T I O N .— In c o r p o r a te d in O h io in 1902.
STOCK AN D BO N D S—
D a te. In terest.
O utstanding.
M a tu r ity .
C o m m o n , $ 7 5 0 ,0 0 0 , ( $ 1 0 0 ) - - .....................................
.......................
P r o f, $ 2 5 0 ,0 0 0 . ($100) 6 % n - c -----------------2 50 ,000
1st M . S 1,000,000, g o ld ($5001 1903 5 g M -N
3 5 3 ,5 0 0 N o v 1 1933
an d $ 1 , 0 0 0 ) _____________ c * / l n t . a t U n ion l r . C o . , D e tr o it , T r u s te e .
R e c ’v s ce rtfs $ 7 5 ,0 0 0 ($ 1 ,0 0 0 ) 1911 6 q u a r
7 5 ,0 0 0 J n ec 191?,
Bonds.— $ 5 7 0,50 0 b o n d s aro reserved fo r e x ten sion s a t $1-7.000 per m ile
an d $ 7 6 ,0 0 0 in c o m p a n y ’s tre a su ry . N o sin k in g fu n d an d b o n d s are n o t
s u b je c t to c a ll. I n t . o n re c e iv e r s ’ c tfs is p a y a b lo in B o w lin g G reen .
E A R N I N G S .— F o r y e a r e n d in g D e c . 31 1912, g ro ss, $ 5 3 ,1 2 8 . In 1911.
g ro ss, $52 ,8 6 6 ; n e t, $ 6 ,0 7 3 .
_
.
„
, w
,
R O A D .— O perates 25 m iles o f tra ck b etw een l o n t o g a n y , O ., a n d W o o d v illo . Stan d ard g a u g e , 6 0 -lb . T rail. C o n n e c ts a t lo n t o g a n y w ith O h io
E le c . R y . at B o w lin g G reen w ith T o le d o B o w lin g G reen & S outhern
T r a c tio n C o ., a t P em berville w ith T o le d o F o s to r ia & I 'in d la y R y . a n d a t
W o o d v illo w ith L a k o Sh ore E le c . R y . Fu rn ishes ele ctric ligh t a n d p o w er
a t B o w lin g G re e n , as w ell as h o t-w a te r h e a tin g .
, .
„
Tr
O F F I C E R S .— P res., I t o b t . P la ce ; V . - P .. E . I I . M c K n lg h t . S e c ., H . G .
H a n k e y ; T r e a s ., B . C . H a r d in g .— V . 9 2 , p . 1243, V . J3, p . 7.)6, 1786, V . 9 4 ,
p . 2 0 7 ; V . 9 6 . p . 1488.
||| _________
BRATTLEBORO, VT.
TWIN STATE GAS & ELECTRIC CO.
O R G A N I Z A T I O N .— In c o r p o r a te d in C o n n e c tic u t o n A u g . 26 1906 and
a cq u ire d th o B r a ttle b o r o S treet R y ., th e B r a ttle b o r o Gasi L ig h t C o ., th e
D o v e r G as LIsrht C o (V 83 n 5 6 2 ). th o B e n n in g to n E le ctric C o . an d the
H o o s ic k F alls Illu m in atin g (? o .
F u rn ish e s, g a s , ele ctric Ilght an d p o w er
t o D o v e r , N . I I ., a n d B r a ttle b o r o , V t ., a n d o p e ra to s th e B r a ttle b o r o S t.
R y .; also furnish es ele ctric ligh t a n d p o w e r to R o ch e s te r, S alm on h a lls,
S om crsw orth an d H in sd ale, N . I I .; N o r t h B e n n in g to n an d B en n in gton C e n
tr o , V t ., an d H o o s ick F a lls, N . Y . T h o p rop erties o f tho C a sca d o L t.&
P o w . C o . an d th o B erlin E le c . C o . w ill b o takon o v o r b v m ean s o f th e now
co n v e r tib le n o te s. See V . 9 8 . p . 156. C o n tr o l Is hold b y the N a tio n a l
L ig h t, H e a t & P ow or C o ., c o n tr o l o f w h ich w as in turn a cq u ire d b y th e
M fd d lo W e st U tilities C o . in O c t . 1912.
V . 9 5 , p . 1750.
STO C K AN D BON DS—
D a te. In terest.
Outstanding.
M a tu r ity .
C o m m o n , $ 2 ,5 0 0 ,0 0 0 , ($ 1 0 0 )........................................ ® 1'2 5 0 .0 0 0 ..................—
P re f (5 % c u m ) $ 2 ,5 0 0 ,0 0 0 ( $ 1 0 0 ) ____
___________
k i2v £ 0*°
1st & ref. M . $ 1 0 ,0 0 0 ,0 0 0 ----------------_ 5%
8 f nn nnn o et i I m p
C o n v e r tib le g o ld n otes S I , - / 1913
5 g A -O
o 0 0 ,0 0 0 O c t . 1 1916
0 0 0 ,0 0 0 ($ 1 ,0 0 0 , $ 5 0 0 , a n d ! In te re st p a y a b lo a t N o w Y o r k .
$ 10 0) ---------------------- c * . n t f (
150,000 Sept 1 1925
D o v e r G as L ig h t c o n m ort-1 1905
g a g o , $500T6oO - - - - - - - - - - JUnion Safe Dep. & Trust C o Trustee
U n ite d Gas & Elec, m o r tg a g e ,! 1897
- - - - - — . -n,,,,
-1-,m ^i 1017
$ 2 5 0 ,0 0 0 .......... ................— ./U n i o n S afe D o p . & D u s t C o . 1 rustee
73,000 F e b 2 1923
Brattleboro Gas L Co mtg------1903
H o o s ic k Falls I llu m in a i’g C o \ -------— -—
75. 500
$ 1 5 0 ,0 0 0 ____________________/C o l .- K n lc k . d r u s t C o ., N . Y . ,
Trustee.
H o o s ic k F alls E le c tr ic C o ) ------------- -—
„
.I9
m
$ 7 5 ,0 0 0 ......................................./O ld C o lo n y T r u s t C o . , B o s to n , T r u s te o .
B e n n in g to n W a te r P ow er
------- - - --------. “ ;'
& L ig h t C o $ 1 0 0 ,0 0 0 _____ 1A m erica n L oa n & Trust C o . 1 rusteo
B e n n in g to n W a te r P o w e r & l ____
— ----- _
12.500
1929
L ig h t C o $ 3 0 ,0 0 0 _________ /O ld C o lo n y T r u s t C o ., B o s to n Trusteo
B en n in g to n E le c t C o $ 1 7 5 , - 1 ____
-------- .
000
C o l -K n ic k . T r u s t C o . , N . v ., rr u s te e .
Bonds'.— O f the $ l6 " 6 6 6 ,000 a u t h . 1st & r e f. 5s $ 1 ,8 9 5 ,5 0 0 aro rosorved
fo r present b o n d s o u ts ta n d in g an d $ 6 0 0 ,0 0 0 aro hold as c o lla te ra l fo r th o
c o n v e r tib le n otes o f 1913. T h o co n v e r tib le n otes are co n v e r tib le in am ou n ts
o f $10 0 or m u ltiples th e re o f a n y tlm o b o fo r o m a tu rity in to 1st & r e f. 5s,
th e n otes t o b e taken a t par a n d th o b o n d s a t 9 3 . $ 6 0 0 ,0 0 0 1st & r e f. 5s
aro p ledged as se cu rity fo r tho issue.
V . 9 8 , p. lo b .
. . . .
E arn ings.— ’F or year 1912 (n o t in clu d in g B erlin L le c . o r C a sca d o L ig h t &
P o w e r ), gross, $45 1 ,8 3 6 ; n o t, $ 1 9 6 ,1 2 8 .
R O A D .— O perates 5 m iles o f tra ck in B r a ttle b o r o , In ad d ition t o gas and
ele ctric ligh t plants in B ra ttle b o ro an d B e n n in g to n , V t ., U o osick F a lls,
N . Y . , an d D o v e r , N . I I ..
. a „
.
...
O F F I C E R S — P re s., I . L . M e lo o n : S e c .. A . S. hoster; T r e a s .. W . O .
M e lo o n . G o n . o ffic e s , D o v e r , N . I I . V . 8 3 , p . 499; V . 9 5 , p . 1756; V . 9 8 ,
p . 156.
m _________
BRISTOL, CONN.
B R I S T O L & P L A I N V I L L E T R A M W A Y C O .— A tro llo y r o a d . A ls o
furnish es ele ctric ligh t an d p o w e r , gas an d steam heat.
O R G A N I Z A T I O N .— O rga n ized S e p t. 21 1893. A gas plan t w as c o m
ple te d in 1906. Franchises p e rp e tu a l. In A u g . 1906 a m a jo rity o f s to c k
w as p o o le d fo r 5 years. In A u g . 1911 p o o l w as ronow od fo r 5 years m oro,
b u t this was d is s o lv e d . It is s ta te d , In N o v . 191 3.
In D o c . 1913 it w as
a n n o u n ce d th at R ich te r & C o . o f H a r tfo r d , C o n n ., had pu rch ased c o n tr o l
o f th o p r o p e r ty .
V . 9 7 . p . 1662
,
,
In A u g u st 1908 a s to c k d iv id e n d o f 5 0 % w as d e cla re d . Increasing o u t
stan d in g a m o u n t t o $ 3 7 5 ,
V . 8 7 , p . 9 6 . 414 .
6o6.
J an ., 1914.)
ELECTRIC RAILWAYS
STOCK A N D BO N DS—
D a te. In terest.
O utstanding.
M a tu r ity .
_________
$37 5 ,0 0 0 1 9 1 2 -1 3 ,8 %
S t o c k , $ 1 ,0 0 0 ,0 0 0 ($ 1 0 0 )_____ ______
g M -N
50 0 ,0 0 0 N o v 1 1945
1st m o r tg a g e $ 6 0 0 ,0 0 0 , g o ld f 1905
($500 an d $ 1 , 0 0 0 ) ................ {In te r e s t a t B ristol N a tio n a l B a n k , B ris to l.
(T rea su rer o f State o f C o n n e c tic u t, T ru s te e .
B on ds.— A r e s u b je c t t o call a fte r 5 years a t 102; a fte r 10 years a t par.
E A R N I N G S .— F o r years e n d in g Ju n e 30.
R ailw ay
R ailway Gas & Elec.
Interest
Y ea r— Gross.
N et.
L t g .,N e t .
& Taxes. D ivid en d s. S u rp lus.
1913 .$ 1 0 0 ,5 8 5
$ 35 ,756
S26.117
$ 30 ,703
$ 3 0 ,0 0 0
$ 1 ,170
1912 9 5,544
3 5 .8 4 8
3 7 .2 5 2
3 1 .1 6 0 , t
3 0 ,0 0 0
11.940
R O A D .— O perates a b o u t 13 % m iles o f tra ck laid w ith 56 an d 6 0 -lb . T rail
fro m B ristol t o P la in v ille , w ith bran ch es t o B a k e C o m p o u n c e an d t o
T e r r y v illo . S ta n d a rd g a u g e , 29 ca rs, 3 sn ow p lo w s an d 1 w ork ca r.
O F F I C E R S .— C h a irm a n o f b o a r d , C h a s. I I . T e n n e y ; P r e s ., A . B . T e n
n e y ; V . - P . , D . E . M a n s o n ; S e c .-T r e a s .. M o r ris L . T if fa n y , B r is to l, C o n n .;
G en era l M a n a g e r s , C h a s. I I . T e n n e y & C o .— V . 8 1 , p . 776; V . 8 7 , p . 96,
414; V . 9 5 , p . 1330; V . 9 7 . p . 1662; V . 9 8 , P - 154.
b r i s t o l T'Va .- t e n n .
B R IS T O L T R A C T IO N C O .
O R G A N I Z A T I O N .— I n c o r p . in V irgin ia . W a s fo rm e r ly th e B risto l B elt
L in e R y . C o . b u t o n S e p t. 7 1911 file d a ce r tific a te ch a n gin g n a m e t o a b o v e
tit le , and in crea sed a u th . s to c k fro m $10 0,00 0 t o $ 30 0,00 0, an d p ar o f shares
fro m $50 t o $10 0. V . 9 3 , p . 1323. O w ns e n tire s to c k o f th e I lo ls to n V a lle y
R y ., a n a rrow -g a u g e s team r o a d .
„
,
STOCK AN D BON DS—
D a te. In terest.
Outstanding.
M a tu rity .
S t o c k $ 30 0,00 0 ( $ 1 0 0 ) - - - ............... - ................ - —
$ 1 3 5 ,0 0 0 ............... ..
M o r tg a g e $ 3 0 0 ,0 0 0 ($1,000)1 1911 5 A -O
150,000 S e p t. 15 ’ 41
c a lla b le at 1 0 5 - - ..................../ U . S . T r u s t C o ., W a s h in g to n , D . O ., T ru s te e
R O A D .— O p erates 7.0 4 m iles s ta n d a rd -g a u g e e le ctric lin e in B risto l an d
11.09 m iles n a rrow -g a u g e steam r o a d betw een B ristol a n d B ig C re ek P a rk ,
o n th e ilo ls t o n R iv e r .
14 m o to r ca rs , 2 lo c o m o t iv e s , 4 passenger a n d 12
freig h t cars.
„
O F F I C E R S .— P re s .. B . L . D u la n e y ; V .- P ., & G e n . M g r ., F red D u la n e y
S e c . & T r e a s ., N . D . B a ch m a n Jr.
V. 9 3 , p . 1323.
BROOKLYN, N. Y.
19
T h r o u g h e le v a te d train s e rv ice fro m B r o a d w a y F e r r y , a d jo in in g th e
W illia m sb u rg h B r id g e , t o C a n arsie w as in stitu te d J u ly 30 1906 ( V . 8 3 , p .
2 7 1 ); th ro u g h s e rv ice o v e r t h o b rid g e t o D e la n ce y S t ., N . Y . , w as p u t in
o p e r a tio n o n S e p t. 16 1908, th e c o n n e c tio n fro m B r o a d w a y E le v a te d t o
B r id g e stru ctu re h a v in g been c o m p le te d .
O n M a y 21 1904 th o B r o o k ly n H eigh ts R a ilro a d C o . sign ed an ag ree
m e n t w ith th e c it y fo r o p e ra tio n o f tro lle y cars o v e r th e new W illia m s b u rg
B r id g e . See V . 7 8 , p . 2 01 3, 238 6. L a te r th e B rid g o O p e ra tin g C o .
w as fo r m e d , w ith $ 1 0 0 ,0 0 0 c a p ita l, t o o p e r a te lo ca l s e rv ice o n th e b r id g e .
See V . 7 9 , p . 626 . O n N o v . 15 1912 th e A p p e lla te D iv is io n o f th e S u p rem e
C o u r t , F irst D e p t ., a ffirm e d th e o rd e r o f th e P . S. C o m m , re d u cin g th e
fa ro ch a rg e d o v e r th e W illia m sb u rgh B rid g o fro m 3 t o 2 c e n ts , o r th ree
tic k e ts fo r 5 c e n ts . V . 95, p . 1402, 1471. T h ro u g h s u rfa ce cars are o p e r
a te d o v e r B r o o k ly n B rid g e b y B r o o k ly n H e igh ts R R . , N assau E le c tr ic R R . ,
an d B r o o k ly n Q ueens C o . & S u b . R R . S u rfa ce cars b egan t o cro ss this
b r id g e in N o v . 1904. V . 79, p . 2084.
D ecisio n in Suit A g a in st Brooklyn City R R .— O n Ju n e 8 1912 th e A p p e lla te
D lv . o f N . Y . S u p rem e C o u r t, 2d D e p t ., h an d ed d o w n a u n a n im ou s de cision
a ffir m in g , t o th e e xte n t o f $ 1 ,7 6 6 ,8 9 2 principa l (w ith Int. fro m M a r c h 3
191 0), th e ju d g m e n t a w ard ed b y th e lo w e r C o u rt ( V . 9 0 , p . 558; V . 8 0 , p .
1174; V. 7 0 , p . 841) in th e su it (b e gu n in A p ril 1900) o f B r o o k ly n H e ig h ts
R R . again st th e B r o o k ly n C it y R R . , b u t m o d ifie d th e ju d g m e n t o f th e lo w er
d e n d t o 2 % q u a r ., K o f 1 % b e in g r e ta in e d q u a rte r ly a n d s e t aside in a s p e
c ia l f u n d . V. 9 1 , p . 93. O c t . 23 1913 agreem en t o f se ttle m e n t w as e x e c u te d
b y th e B r o o k ly n H eigh ts R R . an d th e B r o o k ly n C it y I i R . p r o v id in g fo r th e
p a y m e n t o f $ 1 ,7 5 0 ,0 0 0 , o f w h ich $90 0 ,0 0 0 w as t o b e p a id in cash o n o r .b e fore
N o v . 1 1913 a n d th e b a la n ce in q u a rte r ly in sta llm e n ts o f $5 0 ,0 0 0 w ith in t.
a t 5 % fr o m N o v . 1 1913 u n til p a id . I t is e x p e c te d th a t th e fu ll 1 0 % d iv i
d e n d w ill b e resu m ed fro m an d a fte r O c t. 1 1917. V . 9 7 , P- 1285.
Special Franchise Tax Reduced.— F o r d ecision allo w in g fo r o b s o le s ce n ce
in fix in g sp ecial fra n ch ise ta x , seo V . 9 1 , p . 1511.
Brakes Required.— O n J u ly 10 1913 th e A p p e lla te D iv . o f th e S u p rem e
C o u rt u n a n im o u sly sustain ed th e o rd e r o f th e P . S . C o m m , re q u irin g th e
c o . t o e q u ip its cars w ith p o w e r brakes an d geared h an d b ra k e s. V .9 7 .P .1 7 5 .
Purchase of Coney Island & Brooklyn RR.— In D e c . 1913 th e su b s id ia r y
C o n e y Isla n d & G ra v e se n d R y . re ce iv e d p e rm ission fr o m th o P . S . C o m m ,
t o p u rch a se $ 2 ,6 3 7 ,0 0 0 o f th e $ 2 ,9 8 3 ,9 0 0 o u ts ta n d in g s t o c k o f th e C o n e y
Isla n d & B r o o k ly n R R . V . 9 6 , p . 1020, 1088; V . 9 7 , p . 1897.
T h e Transit Development Co. w as o rga n ize d in A p ril 1903 u n d er th e
B u siness C o r p o r a tio n L a w , w ith $2 5 ,0 0 0 c a p ita l, an d is o w n e d e x clu s iv e ly
in th o in terest o f th e B r o o k ly n R a p id T ra n sit C o . I t is a u th o riz e d t o
m a n u fa ctu re a n d sell p o w e r a n d t o d o general c o n tr a c tin g w o rk .
On
M a r c h 1 1907 sp ecial arran gem en t was m a d e b y w h ich th e c o n ce rn w ill fu rn ish
p o w e r an d ta k e ch a rge o f th o m ain ten an ce a n d repair o f all th e r a ilw a y
pro p e rtie s in th e B r o o k ly n R a p id T ra n sit s y s te m , in clu d in g their e q u ip
m e n t. V . 8 4 , p . 5 6 9 . I n Ju n e 1907 ca p ita l s to c k w as increa sed t o $ 5 0 0 ,0 0 0 .
T h e T r a n s it D e v e lo p m e n t C o . in D e c . 1913 a c q u ir e d a tr a c t o f a b o u t
90 a cre s in th e G ra v e se n d s e c tio n o f C o n e y Is la n d . V . 9 8 , p . 72.
T h e A m e rica n R a ilw a y T r a ffic C o . w as In co rp o ra te d in Jan . 1904 w ith a
c a p ita l o f $ 1 ,0 0 0 ,0 0 0 ( o f w h ich $98 0 ,0 0 0 is o w n e d b y th e T ra n sit D e v e lo p
m en t C o .) fo r the p u rp ose o f hau ling an d disp o sin g o f c i t y ’s ashes a n d re fu se.
C o n tr a c t w ith c it y expirin g D e c . 27 1908 w as n o t ren ew ed an d c o m p a n y
Ls in pro ce ss o f d issolu tion .
Mortgages of Constituent Companies to Secure Advances by Brooklyn R apid
Transit.— In M a y 1907 th e N e w Y o r k S ta te R R . C o m m , c o n s e n te d t o th o
Sea B e a ch R y ., th e C an arsie R R . an d th e S o u th B r o o k ly n R y . m a k in g
m o rtg a g e s o f $ 2 ,0 0 0 ,0 0 0 , $ 2 ,0 0 0 ,0 0 0 an d $ 4 ,0 0 0 ,0 0 0 , re s p e c tiv e ly , to s ecu re
c e rtifica te s o f in debtedn ess Issued b y th o s e co m p a n ie s t o th e B r o o k ly n
R a p id T ra n sit fo r m o n e y s a d v a n ce d fo r a d d itio n s , b e tte rm e n ts, & c.
In
Jun o 1907 B r o o k ly n U n ion E le v a te d au th o riz e d a m tg e . fo r $ 2 0 ,0 0 0 ,0 0 0
an d th e N assau E le c tr ic fo r $ 5 ,0 0 0 ,0 0 0 fo r sam e p u rp o se ; b u t in J u ly 1908
P u b lic S e rv ice C om m issio n den ied a p p lica tio n fo r th e a p p ro v a l o f these la t
ter t w o m o rtg a g e s. See particu lars V . 8 7 , p . 224 . N o b o n d s w ill b e issued
un d er a n y o f th ese m tg e s ., w h ich are created sim p ly t o secu re th e c e r tifi
ca te s o f in debtedn ess as issued fro m tim e t o tim e . T h e ce rtifica te s c a n n o t
b e issued a t less than p ar an d are d e p o site d under th e B r o o k ly n R a p id
T ra n sit firs t re fu n d in g m tg e . V . 8 4 , p . 1181, 1246, 1550.
Stock Increase.— O n Jan . 3 1913 Increased its a u th . s to c k fro m $ 4 5 ,0 0 0 ,0 0 0
t o $ 9 0 ,0 0 0 ,0 0 0 , th e n e w s to c k t o b e issued fro m tim e t o tim e b e fo r e J u ly 1
1914, e x clu siv e ly fo r th e c o n v e rs io n o f 4 % b o n d s o f 1902. V . 96. p . 6 1 .
.S T O C K A N D B O N D S —
Date.
Interest. Outstanding.
Maturity.
Q -J
$ 5 7 ,0 7 4 ,2 1 8 J a n T 4 , 1 H
S to c k . $ 9 0 ,0 0 0 ,0 0 0 ($ 1 0 0 )___________
B r o o k R a p T r 1st r e f m tg e , f 1902
4 g J -J
* 2 1 ,4 4 7 ,0 0 0 J u ly 1 2002
$ 1 5 0 ,0 0 0 ,0 0 0 , g o ld ___ c * A r {C e n t r a l T r u s t C o . , N . Y . , tru stee. C o u p o n
I b o n d s ($ 1 ,0 0 0 ); registered ($ 1 ,0 0 0 , $ 5 ,0 0 0 )
B r o o k R a p T r a n .g o ld m t g e ,/ 1895
5 g A -O
7,000,0D 0 O ct
1 1945
$ 7 ,0 0 0 ,0 0 0 _______________c*\d I n t . a t E q u ita b le T r . C o . , N . Y . , tru ste e.
B R T se cu re d n o te s $ 6 0 ,0 0 0 ,- f 1912
5 g J -J
3 9 ,6 9 9 ,0 0 0 J u ly 1 1 9 1 8
000 ($ 1 ,0 0 0 ), g o l d ____ c * t f (In te r e s t a t C e n tra l T r u s t C o . , N . Y . , tru stee
B r o o k ly n C it y R R —
R e fu n d m tg e , $ 6 ,9 2 5 ,0 0 0 ( 1906
4 g F -A
z$ 7 2 5 ,0 0 0 M a y 1 1956
( $ 1 , 0 0 0 ) _________________ ( L o n g Isla n d L & T r C o , B k iy n , tru ste e .
F irst co n so l m t g e -------------- 1891
5 J-J
ti4.373.000 o J u ly 1 1941
N o w W & F la t 1st M _______ ______
4 'A F -A
20 0 ,0 0 0 J u ly 1 1941
B r o o k ly n H e ig h ts R R firs t ' 1891
5 A -O
25 0 ,0 0 0 A p r 1 1941
m o r t g a g e ----------------------------- .In t. a t P e o p le ’s T r . C o . , B r o o k ly n , tru stee.
B r o o k ly n Q ueens C o & S ub
1894
5 g J -J
e 3 ,50 0 ,0 0 0 * J u ly 1 1941
fir s t m o r tg a g e ___________ G u a r. T r u s t C o . , N e w Y o r k , tru stee.
F irst c o n s o l M , g u ar p & 1 1894
5 g M -N
. 2 ,8 8 4 ,0 0 0 * J u ly 1 1941
(e n d ), $ 4 ,5 0 0 ,0 0 0 ---------- C e n tra l T r u s t C o . , N o w Y o r k , tru stee.
J a m a ica & B r o o k R R first
1889
5 g J -J
2 4 0 ,0 0 0 Jan 1 1930
m o r t g a g e ________________ C en tra l T r u s t C o . , N e w Y o r k , tru stee.
1896
4 g M -S
65 0 ,0 0 0 S e p t 1 1916
Sea B e a ch R y fir s t m tg e ,
g u a r a n te e d ................................ W . M . G rin n ell, W . O . P la tt & W m . M a n .,
trustees.
1899
5 g F -A
16 ,0 0 0 ,0 0 0 F e b 1 1950
B r o o k ly n U n io n E le v 1st M ,
g u a r a n t e e d ............................. I n t . a t C e n tra l T r . C o . , N . Y . , tru stee.
1899
4 g F -A
7 ,0 0 0 ,0 0 0 A u g 1 1949
K in g s C o E le v first m tg e ,
$ 7 ,0 0 0 ,0 0 0 ($ 1 ,0 0 0 ), g (gu) I n t. a t C e n tra l T r u s t C o ., N . Y . , tru stee.
N assa u E l R R C o co n s M
1898
4 g J-J
11,508,000 Jan 1 1 9 5 1
b o n d s ($ 1 ,0 0 0 ). $ 1 5 ,0 0 0 , G u a r a n ty T r u s t C o . , N . Y . , tru stee. B o n d s
0 0 0 ---------......... ........... c*& r gu ar, b y e n d . b y B k iy n . H e igh ts R R .
F irst m tg e b o n d s ___________
1894
F A -O
66 0 ,0 0 0 A p r 1 1944
H a m ilto n T r u s t C o . . N . Y . , tru stee.
A tla n tic A v e . gen m o rtg a g e
1891
5 g A -O
c 2 ,2 4 1 ,0 0 0 A o r 1 1 9 3 1
g o l d .................... ............. ..
B r o o k ly n T r u s t C o . , tru stee.
A tla n tic A v e im p ro v e m e n t,
1894
5 g J-J
2 2 0 .0 0 0 Jan 1 1934
g o ld ($ 2 2 0 ,0 0 0 )_________ C e n tra l T r u s t C o . , N e w Y o r k , tru stee.
6B B & w E 1st m o rtg a g e .
------5 A -O
2 5 0 ,0 0 0 Jan 1 1917
S eries B .......... .................... T it le G u a r . & T r u s t C o . , trustee.
B . B . & W . E . general] 1893
5 g A -O
121 ,000 O ct
1 1933
g o l d ......................................... F ran klin T r u s t C o . , N . Y . , tru stee.
N Y M u n R y C o r p 1st M t g e
1912
5 g J -J
n 4 0 ,0 0 0 ,0 0 0 Jan 1
_______
1966
8 1 0 0 ,0 0 0 ,0 0 0 ($ 1 ,0 0 0 and In terest a t C e n tra l T r u s t C o . , N e w Y o r k ,
$50
_ _ _0)
_ _ _g o l d ____________ c*
. &__r_
T r u s te e .
B R O O K L Y N R A P I D T R A N S I T — (See M a p . page 2 0 ).
O R G A N I Z A T I O N .— O rga n ized J a n . 18 1896. per plan In “ C hron icle,*
V . 6 0 , p . 1145, t o su cceed t o th e p r o p e r ty o f th e o ld L o n g Isla n d T r a c tio n
C o m p a n y , fo re c lo s e d , s y n d ic a te h ead ed b y th e late o x -G o v e r n o r F low er
h a v in g then b o u g h t c o n tr o l. Is n o t a railroad c o r p o r a tio n , b u t w as or
gan ized un d er th e B u siness C o r p o r a tio n law o f N e w Y o r k t o h o ld th e sto ck s
a n d b o n d s o f ra ilroa d c om p a n ie s an d t o aid in th e co n s tr u c tio n an d e q u ip
m en t o f railroads. Franchises are p erp etu a l.
A S S E T S .— T h e fo llo w in g is a sta te m e n t o f th e s to ck s and b o n d s o w n e d
b y th e B r o o k ly n R a p id T ra n sit system D e c . 31 1913.
S tock s.
E n tire ca p ita l s t o c k B r o o k ly n H eigh ts R R . C o . ( p a r ) ----------------$20 0 ,0 0 0
E n tire ca p ita l s to c k B k ln . Q 'n s C o . & S u b u rban R R . C o . ( p a r ).
2 ,0 0 0 ,0 0 0
8 4 ,997 shares o u t o f 8 5,000 shares o f th e c o m . s to c k o f th e N assau
E le ctric R R . C o . , p a r _______________________ ______ _____________ 8 ,4 9 9 .7 0 0
6 3 ,9 4 1 .7 5 shares o u t o f 6 5,000 shares o f th e 4 % c u m u la tiv e p re f.
s to c k o f N assau E le c . R R . C o ., p a r ............... ...................................
6 ,3 9 4 ,1 7 5
4 7 .8 5 9 .8 5 shares o u t o f 5 0 ,000 shares o f th e 5 % n o n -c u m u la tiv e
p ref. s to c k o f th e N ew Y o rk C o n so lid a te d R R . C o ., p a r ____
4 ,7 8 5 ,9 8 5
134,308.31 shares c u t o f 139,000 shares o f th e c o m m o n s to c k
o f th e N ew Y o r k C on solid a te d R R . C o ., p a r . ...................... ......... 13,430 831
E n tire s to c k o f C o n e y Isla nd & G ra vesen d R y . C o . , p a r ________
350 ,000
6 4 7 .8 2 shares o f B r o o k ly n R a p id T ra n sit C o ., p a r . . . ....................
6 4 ,782
4,991 shares o u t o f 5,0 0 0 shares o f S o u th B r o o k ly n R y ., p a r ___
499 ,100
9 ,8 0 0 shares o u t o f 10,000 o f th e A m erican R a ilw a y T r a ffic C o .
(o w n e d b y T ra n sit D e v e lo p m e n t C o . ) , p a r _________ __________
9 80 ,000
E n tire ca p ita l s to c k o f th e T ra n sit D e v e lo p m e n t C o ., p a r .............
500 ,000
500 shares o f th e B rid g e O p eratin g C o ., p a r ......................................
50,000
100,000
1,000 shares o f N . 'i . M u n ic ip a l C o r p ., p a r ______
920 shares o u t o f 1.000 shares o f N . Y . & C o n e y Isl. R R . C o . . .
9 2 ,000
495 shares o u t o f 500 shares P ro s . P a rk & S ou th B k iy n . R R . C o .
4 9 ,500
B on ds.
$377996,073
♦1st M 5 % b o n d s B k iy n . Q ueens C o . & S u b . R R . (p a r )............... $ 2 ,0 0 0 ,0 0 0
1st con M B k iy n . Q ’ns C o . & S u b .(o w n e d b y B k iy n . H ’ts C o . ) . .
50,000
♦1st m ortg a g e 5 % b o n d s B r o o k ly n C it y R R . (p a r )_______________ 1,627,000
♦ R efu n din g g o ld m tg e . 4 % , B r o o k ly n C it y R R _______ __________
7 25 ,000
♦G old 5 % b o n d s B r o o k ly n R a p id T r a n s it ________________________
3 0 ,000
R e f m tg 4 % b on d s B r o o k ly n R a p id T ra n sit C o ________ _______ - 15,192,000
R e f m tg 4 % bon d s B . R . T . (o w n e d b y N assau E l. R R . ) .............
1,761,000
C o n s o l m t g 4 % b o n d s N assau E le c R R ______________
1,161.000
C o n s o l m tg 4 % b o n d s Sea B e a ch R y . (ow n ed b y N assau E le c.
R R . C o . ) ................................................................................................
22,500
J a m a ica & B r o o k ly n m tg e . b o n d s _________________________________
2,000
N . Y . M u n ic ip a l R y . C o r p o r a t io n .......... ............................................. 4 0 ,0 0 0 ,0 0 0
----------$62 ,5 7 0 ,5 0 0
♦The en tire a m o u n t o f B . Q . C . & S u b . R R . 1st 5s an d B k iy n . C it y R R .
1st 5s; also $12 5 ,0 0 0 o u t o f th e $ 72 5,00 0 B . C . R R . re f. 4s h e ld , an d $25,000
o u t o f th e $ 30 ,000 B . R . T . gold 5s an d $ 2 5 0,00 0 B . R . T . ro f. m tg e . 4s h eld,
c o m p o s e g u a ra n ty fu n d fo r p e rfo rm a n ce o f B r o o k ly n C it y R R . C o . ’s lease.
N ew Subways and E xtensions.— A n agreem en t w as reach ed In M a y 1912
as t o h ow th e rou tes o f th e new du a l s u b w a y system in lo w e r M a n h a tta n
s h o u ld b o a p p o rtio n e d betw e e n th o I n te r b o r o u g h a n d B k iy n . R a p id T ra n sit
an d th e C o u rt o f A p p ea ls a t A lb a n y h a v in g on Ju n e 29 1912 a ffirm e d the
d ecision o f Ju stice B la ck m a r (V . 94, p . 1057) h o ld in g t o b o co n s titu tio n a l
th e term s o f th e p r o p o s e d co n tr a c ts w ith th o In te rb o ro u g h an d B . It. T
form a l co n tr a c ts w ere draw n u p b y th e P . 8 . C o m m , an d w ere signori on
M a r . 19 1913. V . 96, p . 862 . Seo ca p tio n “ R a p id T ra n sit in N o w Y o r k
C i t y " in V . 94, p . 1384, 1449, 1566; V . 95, p . 48, 111, 237, 1010; V . 96.
p . 63, 136, 488 , 716 , 864. T h e now s u b w a y lines, t o b e b u ilt jo in t ly b y
t h o B r o o k ly n R a p id T ra n sit an d th e c it y , are as follow s:
(а) S u b w a y lin o traversin g th o B o ro u g h o f M a n h a tta n fro m th e B a tte r y
t o 59th S t ., m o s tly on B r o a d w a y , and c o n n e c tin g b y tunnel u n d er th o E ast
R iv e r w ith s u b w a y lines in B r o o k ly n , w ith rights o v e r th e B r o o k ly n , M a n
h a tta n , W illia m sb u rg a n d Q ueen sboro bridges.
(б) C en tro S t. lo o p , c o n n e ctin g th o d iffe re n t bridges and e x te n d e d th ro u g h
N assau an d B r o a d S ts ., M a n h a tta n , t o a c o n n e ctio n w ith th o low er E a st
R iv e r tunnel an d th e 4 th A v o . s u b w a y In B r o o k ly n , w ith e xten sion s t o
8 6 th S t. an d C o n e y Isla n d . T w o tracks in th e C e n tro S t. lo o p w ore p la ce d
In op era tion A u g . 4 1913. V . 97, p . 297.
(c) S u b w a y lino exten d in g fro m 6th A v o . and 14th S t ., M a n h a tta n ,
across M a n h a tta n , u n d er th e E a st R iv e r , t o W y c k o f f A v o ., B r o o k ly n and
th en ce an eleva ted lin o t o E a st N e w Y o r k .
id) S u b w a y lino in B r o o k ly n c o n n e c tin g M a n h a tta n B rid g e w ith th e
B rig h ton B ea ch R R .
In ad d ition t o th o a b o v e , th ere are several extensions o f p resen t lines t o
b o b u ilt b y th o c o m p a n y as w ell as third track in g an d m a k in g a d d itio n s and
im p rov em en ts t o existin g lin os. T h e e stim ated c o s t o f c o n s tr u c tio n t o th e
c it y Is $10 0,5 0 0 ,0 0 0 ; o f co n s tru ctio n a n d eq u ip m e n t t o th o c o m p a n y ,
$ 6 5 ,0 0 0 ,0 0 0 .
Rental payments in addition to payment of fixed charges—
Seo N . Y . M u n ic ip a l R y . C o r p .— O rga n ized t o c a rry o u t c o m p a n y 's B r o o k ly n C it y R R . s t o c k , $ 1 2 ,0 0 0 ,0 0 0 , 1 0 % Q .-J . 15, 999 y r s . $ l , 2 0 0 .0 0 0
a g reem en t w ith c it y — on a s u b se q u e n t p age.
P r o s p e c t P a rk & C o n e y Isla n d R R . , y e a r ly r e n ta l_______________
4 5 ,0 0 0
A s to fin a n cin g o f th e now co n stru ctio n w o rk b y th e B . R . T . , see S ecured
° o l d N o te s in ta b le b e lo w , an d te x t rela tin g th e re to , an d also V . 94, p . 1694.
* S u b j. t o call J u ly 1 1916. a S u b j. t o ca ll 1916. b SubJ. t o ca ll a n y
T h o Brooklyn C ity R R . C o. is held un d er a 999 -year lease d a te d F e b . 14 tim e .
c A tla n t ic A v e n u e general m o r tg a g e 5s o f 1931 w ere s u b je c t to ca ll in
1909, b u t m a n y o f th em (h o w m a n y is n o t k n o w n ) h a v e be e n s t a m p e d ,
„ 7,
,»
V, —
n a u » u . e u . uw ns m u e n u r e c a p relea sin g th em fro m th e lia b ility t o ca ll.
ita l s to c k o f th e B r o o k ly n H eigh ts C o . In 1898 th o H eigh ts C o m p a n y
d T h e C e n tra l T r u s t C o . o f N e w Y o rk w as tru stee o f this m o rtg a g e u n til
leased th e B r o o k ly n Q ueens C o u n t y & Su b u rban R I t . T h o lease w as r e O c t . 1903, w hen th e C o lo n ia l T r u s t C o . (sin ce co n s o lid a te d w ith th e T r u s t
n ew ed y ear b y y e a r rental bein g fix e d ch argos. taxes an d orga n iza tio n ex C o . o f A m e rica — th e la tte r b e in g m e rge d in to E q u ita b le T r u s t C o .) w as
pen ses. O n J u ly 1 1901 th e B . Q . C . & S. began o p e ra tin g separately again . s u b s titu te d .
O n A p ril 1 1899 th e H eigh ts C o m p a n y te m p o ra rily leased th e N assau E le c
c In clu d e s $ 2 ,0 0 0 ,0 0 0 h e ld b y B r o o k ly n R a p id T r a n sit C o .
tr ic R R . L a ter perm an en t leases w ere m a d e , b u t o n Jun e 30 1 9 0 4 ,presu m a
x E n tir e a m o u n t o w n e d b y B r o o k ly n R a p id T r a n sit C o .
b ly in c o n seq u en ce o f a decision ( V . 7 9 , p . 102) co m p e llin g th o issu ance o f
y N o t in clu d in g $ 1 ,6 2 7 ,0 0 0 o w n e d b y B . R . T . s y s te m .
transfers, th o lease o f th o N assau E le c tr ic R R . w as ca n ce le d .
* N o t in clu d in g $ 1 6 ,9 5 3 ,0 0 0 o w n e d b y B . R . T . s y s te m ,
T h o B r o o k ly n H eigh ts R R . in A p ril 1899 leased fo r th o p eriod o f 999 years
n O w n ed b y B r o o k ly n R a p id T r a n sit C o .
th e P ro s p e ct P a rk & C o n e y Isla nd R R . (see term s u n d er th e la tte r ), th e
Stock.— In th e re organ ization o f th e L o n g Isla n d T r a c t io n , th e o ld $ 3 0 .
N ow Y o r k & C o n e y Isla n d R R . an d th e P ro s p e ct P a rk & S outh B r o o k ly n 00 0 ,0 0 0 s to c k paid an assessm ent o f $10 p e r $10 0 sh are, th e o ld s to c k be in g
RR., b u t th o leases o f those com p a n ies w ere assigned in M a r c h 1907 to re d u ce d t o $ 2 0 ,0 0 0 ,0 0 0 , an d $ 7 ,0 0 0 ,0 0 0 o f 5 % b o n d s b e in g a u th o r iz e d ,
S ou th B r o o k ly n R y ., w h ich had been a cq u ire d b y p u rch ase in F e b . 1902
again st $ 3 ,0 0 0 ,0 0 0 o f L o n g Isla nd T r a c t io n .
V . 7 4 , p . 479 . In J u ly 1912, h o w e v e r, th o S ou th B r o o k ly n R y . acq u ire d
D ivid en d s.— F irst d i v ., 1 % , p a id A p ril 1 1909; J u ly , 1 % ; O c t ., 1 % .
In
495 o u t o f 500 shares o f P . P . & S o . B k iy n . s to c k a n d 820 o u t o f 1,000 shares
1910, 4 Yi% \ In 1911 a n d 1912, 5 % ; in 1913, J a n ., I H % ; A p r ., 1 N % ; in
o f N . Y . & C . I.
V . 9 5 , p . 47. T h e S ou th B r o o k ly n R y . ow n s th e d o u b le J u ly Increased rate t o 1 J 4 % q u a r.; O c t ., 1 Y % .
In 1914, J a n ., 1 'A_%.
tra ck road (\ '4 m iles) exten d in g fro m N e w Y o r k B a y , near 3 8 th S t .,
Interest on Bonds, W here P ayable.—-In terest o n th e B r o o k ly n R a p id
B r o o k ly n , to 38 th S t ., near 9th A v e ., B r o o k ly n , and in Jun e 1907 increased T ra n sit m o r tg a g e o f 1902 fo r $1 6 0 ,0 0 0 ,0 0 0 a n d th e tw o E le v a te d issues ls
Its s to c k from $ 1 5 0,00 0 t o $50 0,00 0.
p a y a b le at th e C e n tra l T r u s t C o .; o n th e B r o o k ly n C it y R R . r e fu n d in g b o n d s
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21
ELECTRIC RAILWAYS
J a n ., 1914.1
a t com pany’s office; on the Nassau Electric bonds, including Atlantic A v o nuoanu W est End issues, at the Equitable T r . C o ., N . Y .; on the Brooklyn
Queens C ounty & Suburban mortgages anil th e Jamaica & Brooklyn first
mortgage at the Brooklyn Trust C o ., B klyn.; and on the Sea Beach 1st
m ortgage at the N ew York Consol. lt R . C o .’s oftice, 85 Clinton S t ., Bldyn.
O n tho B . R . T . secured notes of 1912 at c o .’s office or at Central l rust C o.
Secured N o te s .— Tho notes are secured by pledge o f equal amount of
1st M . 5s o f the N ew York M unicipal lty . C orp.; tho bonds o f that company
in turn are guaranteed prin. and int. by Brooklyn Rapid tr a n s it and also by
the Now York Consolidated R R . and by pledge of 810,000 ,000 B . R . T .
conv. 4 % ref. bonds. Proceeds o f notes are deposited as security for notes
until expended. The notes are c o n v ., $ for S. Into 1st M . os of tho M unici
pal R y . at any tim e prior to Jan. 1 1916, on and after which date they aro
red. at c o .’s option at 101 and int. on any int. day on 90 d a y s i
to Jan. 1 1914, $301 ,00 0 had been exchanged. Remaining n o t^ c a n only be
issued for con str., equip, and oper. o f now
?, „e
by B . R . T . interests. See V . 9 4 , p. 1694. SJ9 . 9 9 9 .0 0 0 o f the notes are
listed on tho N . Y . Stock Exchange with authority to add 8 2 0 ,000 ,000 notes
prior to July 1914 on notice o f sale. V . 9 7 , P- 1 2 0 J.
, T
, 9fl 10 n 9
M o rtg a g e f o r $ 1 5 0 , 0 0 0 ,0 0 0 .— Stockholders au to on zi^ M arch ^O 1902
first refunding 4 % gold convertible bonds for $ 150,00 0 ,0 0 0 . $ 5 9 ,3 0 4 ,0 0 0 to
retlroall tho then existing bonds o f the system (inc 1u(1 m g the $ 7 , 0 0 0 ,0 0 0
Br. R ap . Transit 5s), and tho rest for im provts., add ns and acquisitions,
2. T o tho com pany, 6 % on Its new investment in construction and equip
m ent prior to the beginning o f permanent operation and thereafter interest
and 1 % sinking fund.
.
,
3 . T o tho city, interest and 1 % sinking fund on its investment In cost or
construction.
,
„
.
.
A n y surplus remaining, after making provision for a moderate contingent
reserve fund, is to be divided equally between the company and the city .
T h e com pany’s preferential paym ents are to be cumulative.
STOCK A N D BON DS—
D a te .
In te re s t.
O u ts ta n d in g .
M a tu rity .
Com stock, $ 1 3 ,900 ,000 ( $ 1 0 0 ) ------------------$13,9 0 0 ,0 0 0 D e c .;i 3 , \ H
Pref stock, $5,00 0 ,0 0 0 ($100)----------------------5 ,0 0 0 ,0 0 0 D to .’ 1 3 , 144
B klyn Un E l 1st M , $ 1 6,000 .-1 1899
5 g F -A
1 6 ,000,000 Feb 1 1 9 5 0
000, gold, 4 % tiH 1905, Interest at Central Trust C o ., N ew Y o rk ,
Kings C om ity E ? 1st"M ,"gold",) 1899 St° 4 g F -A
7 ,0 0 0 ,0 0 0 A u g 1 1949
$7,00 0 ,0 0 0 (S I,0 0 0 )____c*1 In t. a t Central Trust C o .. N . Y . , Trustee.
Sea Beach R y 1st M , $650,-1 1896 4 M -S
650,000 Sept 1 1916
000 ($1,000 and $ 10 0 ) . - . c j W . M . Grinnell, W . O . Platt and W m . M a n ,
( Trustees.
B o nds.— ’Bonds o f tho Brooklyn Union and Kings County Elevated R R .
companies are guar. p . & i. b y B klyn. Heights R R ., guaranty to be stamped
upon bonds upon presentation. In Feb. 1902 began stamping bonds with
guaranty. Certain days each m onth aro designated for stam ping. See
V . 9 8 , p . 155. Both issues are listed on N . Y . Stock Exchange. Sea Beach
1st 4s are gu ar., p. & i ., by B . R . T . C o . N o t subject to call. In t. at
office o f N . Y . Consol. R R . C o ., 85 Clinton S t ., Brooklyn, N . Y .
D I V I D E N D S .— T h o first d iv ., o f 2 % , on the old B klyn. Union Elevated
Suced"foranyP^ t h e ^ u ^ o s a ° autiiorizlsd
R R . prof. stock was paid June 29 1901; in 1902 and 1903, 3 % ; in 1 9 0 4 ,3 4 4 % ;
in 1905. 4 % ; in 1906. 4 4 4 % ; in 1907 to 1911, inch, 5 % per annum; in 1912.
call on any interest day until the year 2000 ' a t . 1 1 0 and interest after that June, 2 4 4 % : D e c ., 6 % .
On the N . Y . Consol. R R . C o. in 1913, June, 5 % ;
at nor anri int.prost,
Sco listing applications in V . o l , p . loOO, IpO /, lor S ept., 1 ) 4 % ; D e c ., \ % % .
On c o m ., first d iv ., 5 % , paid June 10 19 l 0;
tst^o f securities pledged for tho bonds: also listing; applications in V . 8 2 , p. D e c ., 2 4 4 % . In 1911. 5 % .
In 1912, June, 2 4 4 % ; D e c ., 6 % .
On N . Y .
K i7 * v k ** n 1 1 2 2 i v . 8 5 . p» 1523* V . 8 6 1 P - 9 2 3 , ana v . 9u, p . 7oo»
Cons >1 lilt, in 1913, June, 5 % : Sept., 1 K % ; D e c ., 1-44% .
R O A D .— Embraces 64.272 miles o f elevated track and 55.642 miles o f
5 Bonds.— O f t h e $7,000,000 50-year gold 5s o f tho Brooklyn Tapid Transit,
S3 000 000 went to stockholders for assessment. For description o f prop surface track. T o ta l, 119.914 miles. T h e N ew York & Brooklyn Bridge
erty covered by tho mortgage, see V . 62, p . 1138. Sco also application in has 3 .7 5 5 miles of track and William sburg Bridge 3.2 7 0 miles of track
in addition. W hen all the lines embraced in contract with the city have
V B6ro’oSiyn°Clty R R . mortgago o f 1891 Is for $ 6 ,000,000 and is a first lien l) 3en completed, will consist of approximately 293 miles of track, including
on tho old Brooklyn C ity road and a consolidated lien on the lines acquired trackage rights over the Astoria and Corona (Queens County) lines enjoyed
b v consolidation in 1890. O f tho $ 6 ,000,000 issued, $4,37 3 ,0 0 0 are in tho m utually with the Interborough R . T . C o.
O F F I C E R S — Pres., John I I . Ilallock; Y .-P . & T rea s., C . D . M eneely;
hands o f the public and tho balance is held in the guaranty fund.
Stockholders of tho Brooklyn C ity R R . July 10 1906 authorized a new V .-P ., J . F . Calderwood; C o m p ., Howard Abel; Sec., J. H . Bennington.—
mortgago for $ 6 ,925,000 to provide for refunding. V . 82, p. 1437.
llieso V . 95, p . 1207, 1274. 1608; V . 9 6 , p . 360, 653.
bonds aro subject to call after July 1 1915 at 110 and interest.
( a ) N ew Y o rk M u n icip al R ailw ay C o rp o r a tio n .
Tho total authorized issue of first consolidated mortgago gold 5s o f tho
O R G A N I Z A T I O N .— Incorp. in N . Y . on Sept. 27 1912 to operate the
Brooklyn Queens C ounty & Suburban R R . is $4,5 0 0 ,0 0 0 , o f which $ 1 ,6 1 6 , enlarged transit system (elevated roads and subways) covered by the agree
000 aro reserved for extensions, on which they will bo a first lien. O f tho m ent between the company and the city, and to construct and own such
$2,88 4 ,0 0 0 outstanding, $2,25 5 ,0 0 0 in 1898 wero endorsed with tho guar parts o f tho system as are scheduled for private rather than public owner
anty of tho Brooklyn Heights R R . C o . as to prin. and interest, and in Jan. ship. V . 95, p . 818. T h e lines to be constructed by tho city are to be
1899 provision was made for guaranteeing tho remainder o f tho payment of leased to the company for a period o f 49 years from Jan. 1 1917 (with pro
$10 per bond. Both B . Q . C . & S. loans are subject to call in 1916.
vision for re-capture by the city after 10 years), and are to be operated by
Tho Sea Beach R y. 1st 4s aro also guaranteed as to principal and interest the company in connection with tho existing railroads o f tho N ew York C on
by the Brooklyn Rapid Transit C o.
V. 6 5 , p. 1219.
solidated R R . C o . (as enlarged and extended) as one system , and for a single
Tho Nassau Electric bonds ar guaranteed (by endorsement on each bond)
by the Brooklyn Heights R R . Besides covering tho mileage directly owned f a in M arch 1913 the P. S. Commission approved a contract with the Brook
they aro a lien b y a supplemental agreement upon tho stock of the Coney lyn Heights R R . for the use o f the Lutheran Cem etery line.
Island & Gravesend R y . and will become a direct lien on this line should it
L E A S E T O N . Y . C O N S O L . R R .— On M a r. 26 1913 the P . S. C om m ,
become merged in tho Nassau Electric. O f the total of $ 1 5,000 ,000 bonds sanctioned tho lease and assignment to the N . Y . Consol. R R . of all rights
authorized, tho unissued remainder ($3,492,000) is for prior liens. Sco under tho contract with the city respecting new rapid transit lines.
(See
listing application in V . 72, p. 342.
V . 96, p. 360, 947). Tho company also transferred to the N . Y . Consol.
M ILEAGE.— The system includes;
T o ta l R R . the certificates for extensions and additional tracks, as well as certain
S id in g s ,
d
1 si
real estate in Brooklyn and the above-mentioned contract with the Brooklyn
in .
T ra c k .
A c.
N am e—
rrac*.
4.183 Heights U R . regarding tho Lutheran Cemetery line. T h e lease calls tor
0.198
1.851
Brooklyn Heights R R ---------------------------„ 2.134
6 % dividends on tho N . Y . Municipal R y . C orp. stock.
228.996
100.685
22.713
Brooklyn C ity R R -------------- — - - - - - 1 0 5 . 5 9 8
T h e M unicipal R y . C orp. agrees to furnish all the money necessary to
61.922
3.223
28.987
B klyn. Queens C o. & Suburban R R - - 29.712
10.230
142.936 carry out the terms o f the dual system contracts and has the option o f doing
6 5.470
Nassau Electric R R ---------------------------all tho construction work and acquiring all tho equipment, or of requiring
7.486
3.188
348
Coney Island & Gravesend
R y ------3.950
5.669 the Consolidated C o . to do so on reasonable notice.
3.301
1.184
South Brooklyn R a ilw a y ---- - - - - -----1-184
Progress o f C o n s tru c tio n W o rk .— See V . 9 7 , p. 520.
26.935
8.4 6 0
8.926
Prospect Park & Coney Island R R —
9.549
On M ar. 20 1913 the Pub. Serv. C om m , approved a m tge. to secure an
Now York Consolidated R R .—
64.272 auth. issue of $100 ,00 0,00 0 5 % bonds and authorized the issuance of $ 4 0 ,
29.221
5.802
Elevated lines----------------------------------- 29.249
21.478
55.642 000,000 bonds thereunder, tho proceeds .to be applied as shown in V . 96,
17.082
Surface lines__________________ ______ 17.082
Trackage on N . Y . & Brooklyn Bridge—
3.755 P’ ln6ju n e 1913 tho P . S. Commission granted authority to issue $400 ,00 0
231
1.762
Elevated lines______________________
1.762
3.509 additional stock, making $500,000 authorized. Later in the year another
1.707
Surfaco lines_________________________
1.802
$400 ,00 0 were authorized.
2.741
—
1.538
Trackage on C . I. & B klyn. R R ____
1.203
STOCK A N D B ON DS—
D a le .
In te re s t.
O u ts ta n d in g .
M a t u r it y .
Trackage on Williamsburgh Bridgo— •
3.270 Stock, $2,00 0 ,0 0 0 ($100)_____ ____All to b e o w n e d by N . Y . Consol. R R . ~
1.635
Elevated lines_______________________
1.635
3.700 First mortgago, $ 1 0 0 ,0 0 0 ,0 0 0 / 1912
218
5 g J-J
$ 4 0,000 ,000 Jan 1 1966
1.741
Surfaco lines_________________ - ______
1.741
($1,000 & $50 0 ), gold-C *&r\Int. at Central Trust C o ., N . Y . , Trustee.
B onds.— Guar. prin. & int. by B . R . T . and N . Y . Consol. R R ., and are
76.202 615.016
264.977
.126; open cars, 919; con- pledged as security for B . R . T . secured notes. Semi-annual sinking fund
after July 1 1918 (minimum, .3 1 7 5 % ; m axim um , 4 4 % )- Bonds are subject
vertiblo, 67: semi-convertlblo, 767; miscellaneous, 465.
to ta l, 3.J 48.
to call on 90 days’ notice in any amount at 10744-— ’V . 9 5 , p . 818; V . 9 6 ,
R E P O R T .— The annual report for 1912-13 will be found in V . 97, p . 361
376. Passengers carried during tho year ended Juno 30 1913 amounted to p . 360, 863, 947. 1773.
626 ,3 0 4 ,1 5 6 , an increase o f 2 7 .748.362 over previous year.
(2) N assau E lectric R a ilro a d .— A trolley road.
IN C O M E A C C O U N T B R O O K L Y N R A P I D
T R A N S IT A N D
CON
O R G A N I Z A T I O N .— Chartered M a r. 13 1893 under tho laws of New
S T I T U E N T C O M P A N IE S — Y E A R S E N D I N G J U N E 30.
Y o rk . Opened in July 1895 and in April 1896 leased the Atlantic Avenue
R R . &c. A s stated above, the Rapid Transit C o . owns $ 8 ,499,700 out o f
Revenue fro m O perations—
1913.
1912.
1911.
Transportation ....................................... $ 2 3 ,865 ,260 $22,949,021 $ 2 1 ,716,486 tho $ 8 ,500,000 common stock of the Nassau Electric and $ 6 ,394,175 out of
Miscellaneous__________________________
287,028
277,529
270,057
tho $ 6 ,500,000 preferred stock.
Lease.— W as formerly leased for 999 years from April 1 1900 to Brooklyn
T o ta l...............................................$ 2 4 ,1 5 2 ,2 8 8
$ 2 3 ,2 2 6 ,5 5 0 $21,986 ,543 Heights R R ., but.coincidently with a decision compelling the Issuance of
transfers from one leased line to another (V . 79, p . 102), tho lease was ter
M ain ten ance o f w a y ----------------------- 8 1.678,124 $1,636,713 $ 1 ,423,108 minated on June 30 1904. For still another decision as to transfers, see
2,125,580 V . 82, p. 1323: also V . 85, p. 404.
2,155,134
_____
. . . . . .
M a in te n a n c e o f e q u ip m e n t-----2 ,2 0 2 ,2 0 8
1,339,552
1,404,160
In Juno 1907 a 10-year mortgago for $5,000,000 was authorized to secure
O p era tion o f p ow er p la n t --------------------5 ,298,863 certificates of indebtedness issued from time to time to the Brooklyn Rapid
5,450,673
O p era tion o f c a r s ---------------------oqv
1,043,685
Transit for advances made for improvements, & c., but in July 1998 tne
978,611
D a m a ges an d legal o x p e n s o s ...
8 8 4 ,2 4 1
707,368 Public Service Commission denied application for approval of mtge.
733,294
V . 84,
G en eral ex p en ses----------------------7 4 b ,8 t i
227,004 p. 1181, 1246, 1550; V . 87, p. 224.
252,763
F reigh t an d m ail exp en ses.........
264 ,424
1,306
711
A m erican R y. T r a ffic C o . e x p e n s e s ..
1,112
STOCK A N D BONDS—
D a te.
In te r e s t.
O u ts ta n d in g .
M a tu r ity.
1,465,535 Com m on stock, $8 ,5 0 0 ,0 0 0 -------------1,775,041
T a x e s .....................................................
1,750,083
--------------$8,500,000
---------------Preferred 4 % cum, $6,500,000 ____
M -N
6,500.000
»ee toxt
Total
$14,583 ,539 $14,387 ,100 $13,631,901
B o nds.— For details see Rapid Transit statement above.
N et earnings
...................................$9,56 8 ,7 4 9
$ 8 ,8 3 9 ,4 5 0 $8,354,642
R
O
A
D
.—
Embraces
142.936
miles
of
single
track.
Other i n c o m e : ! : : : - - - ................
339,947
317,991
297,524
Atlantic Avenuo R R . (now part of Nassau Electric) owned the double
track steam road (since converted to electricity) from Jamaica to Flatbush
Total Income
_____________ $ 9 ,908,696 $ 9 ,157,441 $8,652,166
Avenue Station in Brooklyn, 944 miles (19 miles of track), which is leased
Fixed charges (net) 1111...........................
5 ,411,768 5 .446,219
5,503.687
for 99 years from June 1 1877 to the Long Island R R . C o ., affording that
com pany entrance into the city of Brooklyn— rental, formerly a percentage
S u r p lu s ............ ........................................$4,49 6 ,9 2 8 $ 3 ,711,222 $ 3 ,148,479
of receipts, was changed in 1895 to $60,000 yearly.
V . 61, p. 828. L iti
W v i d e n d s ^ ? ^ * .l.f!.P1^V-"."-V-'-"-"(5"4i %)27440",770 (5)2,239,851 (5)2,242 liHo gation lias arisen with Long Island R R . regarding the use o f Atlantic
Avenuo. See V . 74, p. 1139.
In O ct. 1910 N . Y . Court of Appeals decided
Balanco....................................................... $2,056,158 $ 1 ,471,371
$817,254 that tho city had tho right to tear up rails, but c 't y has taken no action
looking to tho exorcise o f the right.
O F F IC E R S — Pres. Timothy S. William s; Chairman of Board. Nicholas
D I V I D E N D .— First div. on pref. under lease was paid Dec. 31 1900, 4 % ;
F . Brady; V -P . & T reks., C . D . Moneoly; V .- P ., Slaughter W . Huff. Sec., 1901 to 1907 incl., 4 % per annum; in 1908, N o v ., 2 % ; in 1909, N o v . 2 % ;
J . H . Bennington; C o m p ., Howard A bel. O ff i c e , 85 Clinton S t ., B klyn. in 1910 and 1 9 1 1 ,4 % ; in 1912, M a y , 2 % ; N o v ., 2 % reg. and 4 % on account
V . 96, p. 61, 134, 2 0 0 , 3 & . 715. 862, 1020, 1 0 8 8 ,1 5 5 5 ; V . 97, p. 1 7 5 ,2 9 7 , o f arrears. In 1913. M a y , 2 % ; N o v ., 4 % .
3 6 1 ,3 7 6 ,4 4 2 ,5 2 0 ,5 9 4 , 1203, 1285, 1293, 1897; V . 9 8 , p. 7 2 , 1 5 5 ,3 0 3 .
A N N U A L R E P O R T — F oryear ending June 30 1913: Gross, $4,884,255;
C O M P A N IE S C O N T R O L L E D B Y B R O O K L Y N R A P ID T R A N S I T C O . net, $1,680,457; other income, $200,550; charges, $1,266,182; surp .,$614,825
(3) Prospect Park & C on ey Islan d R R .— A trolley road.
( 1 ) N ew Y o rk C o n so lid a ted R R .
O R G A N I Z A T I O N .— Controlled by Long Island R R ., but on June 17
O R G A N I Z A T I O N .— Incorp. at Albany on N o v . 30 1912 as a consolida 1899 tho Brooklyn Rapid Transit C o took possession under a lease for 999
tion of tho Brooklyn Union Elevated R R ., Sea Beach R y. and Canarsio years to tho Brooklyn Heights R R . and equipped the road electrically.
R R . V . 95, p. 1608. Brooklyn Rapid Transit owns $13,430 ,831 out of (V . 6 8 , p. 1224; V . 69, p. 654.)
In Feb. 1907 tills lease was assigned to
tho $ 13,900 ,000 com. stock and $4,78 5 ,9 8 5 out of tho $ 5 ,000,000 pref. stock
tho South Brooklyn R y. V . 84, p. 569. Rental was $40,000 per annum
Owns all the outstanding stock of tho N . Y . Municipal R y. Corn, (which and expenses until 1909, when amount increased to $45,000.
In considera
holds tho contracts made with tho C ity of Now York in 1913 for the opera tion of a guaranty by Long Island I4R ., annual int. on the greater part of
tion of subways, & c.) and guarantees its bonds, p. & L , jointly with tho Prospect Park & Coney Island’s bonded debt has been reduced from 6 and
7 % to 4 1 4 % .
See V . 56, p. 42: V . 62, p. 187. $172,600 stock, all the 2d
B Lease.’— A ll rights, & c., o f the N . Y . Municipal R y. C orp. under its con M . 6 s, $171,200 of income 6 s and $80,000 of 1st M . 6 s are owned by L .I .R R .
tract with the city have been leased and assigned to tho Now York Consoli
S
T
O
C
K
A
N
D
B O N D S —• D a te .
In te re s t.
O u ts ta n d in g .
M a t u r it y .
dated R R .
For terms, see statement of N . Y . Municipal R y. C orp. below.
$250,000
D iv is io n o f E a rn in g s w ith C ity .— As tho Now York Consolidated holds, Stock, $100
340.000
Feb
1 1926
Second
mortgage,
now
first
1886
444
F-A
under assignment and lease, all tho rights acquired by tho Now York M unici
160.000 Feb 1 1926
($ 1,0 0 0 each)---------------c*&r
F-A
1886
pal lty . C orp. in tho latter’s contracts with tho city, all tho earnings will
96,000 M ar 1 1931
444 g M -S
Third mortgago, now second
1891
accruo to it. The division of earnings will bo on the following basis:
104.000 M ar 1 1931
6 M -S
1.
T o the company, $ 3 ,500,000, as representing tho not earnings o f tho gold ($1,000 each)___ c*&r\ 1891
In te re s t on abovo mortgages payable at U . S. M tg e . & Trust C o ., N . Y .
existing railroads which aro to form part o f tho now rapid transit system .
Incomo bonds, non-cum _____ 1880
6 M -N
250,000 M a y 1 1920
O ut o f this reservation the company pays interest charges on capital in
R O A D .— Embraces 26-93 miles o f single track.
vestments prior to M ar. 19 1913 in tho existing railroads.
2
6
Z2
ELECTRIC RAILWAYS
E A R N I N G S .— N ow Included In those of Brooklyn Rapid Transit.
The
Prospect Park & Coney Island received as rental from Brooklyn Heights in
year ending D ec. 31 1912, $45,000; other income, $33,602; total, $78,602;
Interest, taxes, & c ., $79,920; deficit, $1,317.
(4)
C on ey Island & B rooklyn R R .
In D ec. 1913 tho Coney Island & Gravesend R y . (subsidiary o f the B klyn.
R a p . Transit) received permission from the P . S. C om m , to acquire 26,370
shares of the stock ot this com pany.
O R G A N I Z A T I O N .— Chartered D ec. 10 1860. Cars commenced run
ning over tho Brooklyn Bridge Feb. 15 1898. See V - 6 6 , p. 383.
Brooklyn C ity & Newtown was leased in N o v . 1897 for 999 years. In
1900 acquired all the stock of that com pany, but legal proceedings com
pleting merger with Coney Island & Brooklyn were not effected until 1910.
On M arch 8 1910 and July 30 1910 Pub. Serv. C om m , sanctioned the Is
sues o f $151,000 and $490 ,00 0, respectively, of 1904 consol, m tge. bonds for
lm provm ’ts, & c. V . 90, p. 697; V . 91, p. 336. Being unable to sell these
bonds, Pub. Serv. C om m , in Jan. 1911 auth. the issue of S500.000 notes (see
below) secured by pledge of $625,000 of aforementioned bonds. V. 92, p. 59.
STOCK A N D BONDS—
D a te .
In te re s t.
O u ts ta n d in g . L a s t d iv .& c .
Stock, $3,500,000 (par $ 1 0 0 ) - - ____
Q -F
$ 2 ,983,900 Jan T 4 , 6 %
First ^consolidated m ortgage! 1898
4 g J-J
2,000,000 July 1 1948
$ 2 , 0 0 0 ,0 0 0 , gold_________ t f l
Mercantile Trust C o ., New York, Trustee.
Consol mortgago,$ 1 0 ,0 0 0 ,0 0 0 / 1904
4 g J-J
1,500,000 Jan 1 1 9 5 5
gold ( $ 1 , 0 00 ) ____________ c*l
Mercantile Trust C o ., Now York, Trustee.
Car trust bonds, $ 3 0 ,0 0 0 ____ J 1908
6 % F -A
12,000 Aug. 1 ,T 3 -’I4
( V 8 6 , P 420, 480)
1 Interest at Brooklyn Trust Co.
Coll g notes $500,000 ($1,000)
1911
6 J-J
500,000 Jan 1 1 9 1 5
Equitable Trust C o ., Now York, Trustee.
Brooklyn
C ity „&
..
„ „ Newtown
„„„
sj 18 8 9
5 J_J
2,000,000 July 1 1939
first mort $ 2 ,0 0 0 ,0 0 0 .- . tf\M ercantile Trust C o ., N . Y . , Trusteo.
5%
288,062 ........................
Real estato mortgages...........................
B o n d In te re s t.— Interest on all above bonds payable at C ent. T r . C o .,N .Y .
B onds.— O f thonew $10,000 ,000 bonds, $4,000,000 are reserved for prior
liens, $625,000 aro pledged under coll, gold notes of 1911 and $3,875,000 are
reserved for extensions and improvements. N o sinking fund and bonds
cannot be called. N otes are subject to call at 101. The coll, trust notes
o f 1911 fell duo on Jan. 1 1914, but were renewed for 1 year to Jan. 1 1915
R O A D .— First track, 23.66 miles; 2d track, 22.37 miles; misc. track, 7.43
miles- total operated, 53.46 miles. 462 passenger and 28 other cars.
D I V I D E N D S .— In 1895, 6 % ; in 1896, 5 % ; in 1897, 6 % ; in 1898, 8 > 3 % ;
V . 67, p. 955.
In 1899, 1 0 % ; in 1900, 1 0 % : In 1901, 13 1 4 % ; in 1902,
1 6 % ; in 1903, 1 6 % ; in 1904, 1 6 % : in 1905, 1 0 % ; in 1906, 8 % ; in 1907
F e b ., 2 % ; M a y dividend passed. N one since until Jan. 1 9 1 4 ,when a div
ot 6 % was paid. V . 98, p . 235.
R E P O R T .— For years ending June 30:
12 M o n th s —
Gross.
N e t.
Oth. I n c . I n t. ,T a x ., A c B a l.S u r .
J9 J?-J 8 ...................... - -- $ 1 ,6 4 6 ,6 0 3 $611,119
$19,411
$411,983 $218,548
1 9 1 1 -1 2 ............................ 1,415,133
‘' '
421,398
31,234
--------------------426,736
25,896
1910-11..............
1,538,003
555,995
25,955
400,814 181,136
1909-10------------------------ __________
1,470,672
458,841
2,026
......... ..
369,090
91,777
O F F I C E R S — Pres., S. VV. Huff; 1st V .-P ., Harold Fitz Gerald; 2d V .-P .,
Allan M cCulloch; Sec. & T r e a s .,------------------- ; A sst. Sec. & T rcas., John A .
Flake; A u d ., E . T . Baker.— V . 93. p. 1105; V . 94, p. 767, 1185, 1695;
V . 9o, p. 1122; V. 96, p. 1020; V . 97, p. 1898; V . 9 8 , p. 235, 303.
M A N H A T T A N B R ID G E T H R E E -C E N T L IN E .
O R G A N I Z A T I O N .— Incorp. in Now Y o rk. Began operating in D ec.’ 12.
On July 10 1912 tho Board of Estimato & Apportionment granted a
franchise to operate over tho proposed route from Flatbush Avenue
(Brooklyn) to M anhattan. Tho P. S. Commission on A u g. 14 1912 ap
proved tho franchise. Seo V . 94, p. 912; V . 95, p. 420.
For two decisions handed down by tho Appellate Division of the Supreme
Court favorable to the com pany, see V. 97, p . 1733.
STOCK—
D a te .
In te re s t.
O u ts ta n d in g .
M a tu r ity .
Com m on, $1 ,0 0 0 ,0 0 0 ...........................
..................
$190,000
R O A D .— Operates about 243 miles of track from Canal St. and Bowery,
N . Y ., over M anhattan Bridgo, through Flutbusli A v e ., extension to Ful
ton S t., Bklyn. Contemplates extension from Fulton S t ., B k lyn ., to Long
Island R R . depot, and from Canal St. (Now York) toth oN orth River, m ak
ing a lino from tho N orth River to the Long Island R It. depot in Brooklyn.
O F F IC E R S .— Pres., Fred’k W . Rowe; V .-P ., John C . Brackenridge;
Sec., Walter Ilam m itt; T reas., E d . T . Horwill.— V . 90, p .6 9 8 ; V .9 1 ,p ,1 5 4 ;
1767; V . 94, p. 912; V . 95. p. I l l , 236, 420, 618, 1331. 1684; V . 96, p. 285
1557, 1840; V . 97, p. 1733.
V A N B R U N T S T R E E T & E R IE B A SIN R R .— A trolley road.
O R G A N I Z A T I O N , & c.— Chartered Feb. 15 1861. Stock, $200 000 all
issued; par, $10. Bonds, $75,000 1st intgo. authorized; $31,000 out
Track, 2.78 miles, changed to electricity in 1898. 6 pass. cars. For year
ending Juno 30 1913. gross, $39,949; not, after taxes, $6,906; other income
$694; Interest, & c ., $1,950; balance, $5,6 5 0 .
’
O F F IC E R S .— Pres., John F. M urphy; V .-P ., D . W . Sullivan; Sec. and
T reas., W yllys Terry. O ffico, 264 Van Brunt S t., Brooklyn, N . Y .
B U F F A L O , N. Y .
B U F F A L O & L A K E E R IE T R A C T IO N C O .— A trolley road.
D e fa u lt.— The company having defaulted on tho int. duo N o v . 1 1912 on
the 1st & ref. M . 5 % bonds (M a y & N o v . 1913 int. also defaulted), a pro
tective committee requested tho bondholders to deposit thoir bonds with
Equitable Trust C o ., 37 W all S t ., N . Y . , as depositary, or tho Girard Trust
C o. o f Phila. as sub-depositary.
Tho aforesaid committee also drew up a plan ot reorganization (see
V . 9 7 , p. 297, but in Dec. 1913 tho plan was abandoned. Negotiations for
another plan aro under w ay.
^ G R G A N fZ A T f O N .-I n c o r p o r a t e d in Now York and Pennsylvania in
D ec. 1906 and is a consolidation of tho Hamburg R y ., tho Dunkirk & Frodonia RIt
tho Buffalo Dunkirk & Western R R ., tho Lake Erie Electric
Traction C o. and tho Erie Rapid Transit C o. Leases tho Erie Electric
M otor C o. for 999 years, which company leases tho Erio C ity Passenger R y
for 999 years from Oct. 1 1888 and the Eric Reed Park & Lakeside Street
l t y -, f0£ 9 9 9 years from M arch 1 1901. In 1909 leased tho Buffalo &
Lack. Trac. C o. for 999 years. V . 8 8 , p. 1001. Also owns all tho stock
or this company, and guarantees tho bonds. Also owns all stock ($750 000
all out) of tho Dunkirk St. R y ., which company has a franchise in Dunkirk
and has built about 5 miles of track.
Tho Niagara & Erio Power C o. Is controlled by the Buff. & Lako Erio
Trac. C o. and tho Niagara Lockport & Ontario Power C o. interests and
Its bonds aro guar., p ., i. & sk. fd ., one-half each, by these two companies
STOCK AN D BONDS—
D a te .
In te re s t. O u ts ta n d in g .
M a tu r ity .
Com m on, $ 5 ,0 0 0 ,0 0 0 -.......... ..
__________ $4,654,100
—
Prof, 5 % , $2,500 ,0 0 0 , cum) ____
__________
2,500,000
from July 1909____________ /
1st and ref m tge, $ 1 2 ,0 0 0 ,-/ 1906
5 g M -N
7,066,000 N o v 1 1936
000, gold ($1,0 0 0 )-------c* t f l Interest at New York Trust C o ., Trusteo.
E r!2.EI M lst mtgo, $ 2 0 0 ,0 0 0 / 1889 . _6 g J-J
148,000 Jan 1 1 9 1 9
($1,000), gold-------------- c t f '.Central Trust C o ., trustee, Now York C ity.
Erie El M 2d m tge. $ 1 5 0 ,0 0 0 /
1892 6 g J-J
102,000 Jan 1 1919
($1,000), gold---------------c t f (Central Trust C o ., Trustee, New York.
Erio E l M i s t ref sink fu n d ,/
1901 5 g A -O
1 ,0 0 0 ,0 0 0 Apr 1194 1
$ 1 ,250,000, gold ($ 1,000).] Interest at New York Trust C o ., Trustee
Cannot bo called_____ c* tf
Now York C ity.
n ^IXlt>urK. ,R y lst M - $ 7 5 0 ,-/ 1906
4 g M -N
745,000 N ov 1 1926
000, gold ($ 1 ,0 0 0 )-----------tf lin t, at Equitable Trust C o ., N . Y . , Trustee.
Dun & Fred ref M , $ 1 0 0 ,0 0 0 ,/
1902 5 g J-J
39,000 July 1 1 9 5 2
gold ($100, $500 & $1,000) 1Fidelity Trust C o ., Buffalo, Trusteo.
Niagara & Eric Pow lst M ,
1911 5 J-J
510,000 Jan 1194 1
S l,2 5 0 ,0 0 0 g ($ l,0 0 0 )g u p& ilGuaranty Trust C o ., Now York, Trustee.
B o n d s.— Of the $12,000 ,000 now bonds, $2,100,000 aro reserved to tako
up a liko am t. of underlying liens. These new bonds are subj. to call on any
Int. date at 110 and int.
Int. on tho 1st and 2d intges. of the Erio E l. M otor
C o. Is paid by Kountzo B ros., N . Y . The Erio E l. M otor ref. bonds are
secured by deposit of entiro stocks of tho Erio C ity Pass. R y. and the Erie
Reed Park & Lakeside St. R y. A sink. fd. of 1% ana. on theso bds. began
Apr. 1 1906 and will bo increased to 143% in 1916. The Hamburg Ry.
bonds aro no longer subject to call. Tho Dunkirk & Fredonia refunding
mortgage bonds are subject to call on any interest date at 103. The
Niagara & Erie lst M . bonds are subj. to call, any or alt, on any int. day
[ V o l . XCVIII
at 105. Sk. fd. from Jan. 1 1916, 1 43% of bonds auth. Bonds aro gu ar.,
p ., i. & sk. fd ., by B uff. & Lako Erie Trac. and N iag. Lockp. & Ont.
Power C o ., one-half by each. V . 92, p. 530.
R O A D .— B uffalo, N . Y . , to Erie, P a ., and Buffalo to Hamburg N Y
98.58 m .; leased lines (Dunkirk St. R y ., 4 .96 m .; Erie Elec. M otor C o ”
26.81 m .; Erio & Sub. R y ., 4 .6 3 m .; Buffalo & Lacka. Trac. C o. 4 98 m )”
41.3 8 miles— total, 139.96 miles, o f which in New York (owned 80 46 ni •
leased, 9 .94 m .) , 90.4 0 miles and in Pennsylvania (owned, 18.12 m •leased’
V r ... •
i a 'l . . . \ .in r.a
1
; __
a „ .........i
__ JA Y
- A
O F F IC E R S .— V .-P ., M . D . Evans; G en. M g r., A . R . M yers' Sec &
Asst. T reas., M . D . Evans; Treas. & A sst. Sec., A . F . Tideswell — V 88
p . 293, 1001; V . 92, p. 525; V . 95, p . 1121, 1206; V . 97. p . 297, ’
(1) B u ffa lo & L a ck a w a n n a T r a c tio n C o.
O R G A N I Z A T I O N .— Incorporated in N ew York in June 1906 to furnish
an entrance into Buffalo for Buffalo & Lake Erio Trac. C o.
In April 1909
was leased to Buffalo & Lako Erie Trac. for 999 years. Stock $100 000
(V . 8 8 , p. 748), all owned by B uff. & Lako Erio Trac. C o.
Has universal
transfers throughout city o f Buffalo through contract with Internat. R y . C o.
In N o v . 1912 P. S. C om m , authorized $160,000 additional bonds for
construction and Im pts., to be sold at not less than 80.
These aro includod
in the amount reported outstanding below.
V. 95, p. 1471.
BON DS—
D a te .
In te re s t. O u ts ta n d in g .
M a tu r ity .
ls t mtgo, $1,5 0 0 ,0 0 0 , gold / 1908
5 g J -D
$ 1 ,160,000 Dec 1 1 9 2 8
($1,000), g u a ra n tee d .-ctflln terest at New York Trust C o ., Trusteo.
Bonds aro subject to call on or before Dec. 1 1913 at 110 and int. They
have no sink. fund. Remaining bonds aro reserved for betterments and
extensions at 8 5 % of cost. Bonds guaranteed prin. aud Int. by Buffalo
& Lake Erio Traction C o. V . 90, p. 235.
R O A D .— Is a double-track road about 4 .9 8 miles long. Began operating
D ec. 22 1909.
O F F IC E R S .— Pres., II. E . Griscom; V .-P s ., M . D . Evans and M . W .
Dodge; Sec. & A sst. Treas., M . D . Evans; Treas. & A sst. Sec., A . F. Tides
well.— V . 8 8 , p. 293, 748; V. 90, p. 235; V . 95. p. 1471.
B U F F A L O & D E P E W R Y .— A trolley road.
O R G A N I Z A T I O N .— Incorporated on April 27 1897. Tho Independence
Trust C o. of Philadelphia owns about threo-fourths of tho stock and tho
entire $350,000 bonds.
In Juno 1907 tho Railroad Commission granted permission to the Buffalo
Genesee & Roch. R y. to build an extension from Dopew to Rochester.
Cortain amount of grading completed, but no track laid.
STOCK A N D BONDS—
D a te .
In te re s t. O u ts ta n d in g .
M a tu r ity
Stock, $350,000 ( $ 10 0 ) ________ ______
___________
$305,000 .
B u ff & D ls t M . $ 3 5 0 ,0 0 0 ____ 1901
5 J-J
350,000 J a n " l_193l
Loans payable Juno 30 1911 - . ----------------------119,533 ____________
E A R N I N G S .— Year ending Juno 30 1912, gross, $18,338; deficit under
operation, $4,0 4 9 . In 1910-11, gross, $18,071 ; deficit under oper., $4,166.
R O A D .— Operates a doublo-track road from Buffalo to Depew, 13.59
miles of track; 60-lb. rail; 5 cars.
O F F IC E R S .— Pres., f f m . L . N evin; V .- P ., J. Ernest Richards; Sec.
and Trea 3 ., John T . M oon ey. V . 79, p. 2695.
B U F F A L O S O U T H E R N R Y . C O .— A trolley road.
O R G A N I Z A T I O N .— Incorporated in Now York on A u g. 26 1904 and Is
a consolidation of tho Buffalo Hamburg & Aurora R y. and tho Buffalo
Gardenvillo & Ebenezer R y.
V. 79, p. 2146. Franchisesjierpotual. Has
trackage rights in Buffalo over tracks of tho International Traction C o.
S T O C K A N D B O N D S — • D a le .
In te re s t. O u ts ta n d in g .
M a tu r ity .
Stock, $ 2 ,000,000 ($ 10 0 ) ____________
___________
$ 5 4 7 ,2 0 0 ------------------1 st mtge, $ 2 ,000,000, gold/ 1904
5 g A -O 15
600,000 Oct 15 1934
( $ 1 ,0 0 0 ) _________________ c * i l n t . at Seaboard N a t. Bank, N . Y . , or at
l Fidelity Trust C o ., Buffalo, Trustee.
B O N D S .— N o s. f . , but from $50,000 to $100,000 bonds aro subject to call
at 110 and int. on any int. date upon 3 m onths’ notico. $ 1 ,400,000 bonds
reserved for future extensions and equipment.
E A R N I N G S .— For cal. year 1913, gross, $79,902. In 1912, gross,
$78,442 .
R O A D .— Operates from Buffalo to Hamburg, East Hamburg and Or
chard Park, 1543 miles; also has a lino from Buffalo through Gardonville
and Ebenezer to Lien’s Park, 543 miles. An extension to East Aurora,
15 miles, is under construction, 543 miles completed. 60-Ib. T and 80-lb.
girder rail.
O F F IC E R S .— Pres., W in . M . Griffith, Now York; V .-P ., G eo. F. W ells,
East Aurora, N . Y .; Sec., H . M . Gear, Buffalo; Treas. & G en. M g r ., N . A .
B undy, Buffalo.— V . 8 6 , p. 419.
B U F F A L O & W IL L IA M S V IL L E E L E C T R IC R Y .
O R G A N I Z A T I O N .— Chartered A u g.10 1891. In M ay 1904 authorized
capital was increased from $75,000 to $3,500 ,0 0 0 , and In July 1904 a new
mortgage for $3,500,000 was made to provide for extension to Rochester.
ST O C K A N D BO N D S—
D a te .
In te re s t. O u ts ta n d in g .
M a tu r ity .
— ---—
$75,000 ------------------Stock ($3,500,000 a u th o rize d )------ls t mtge, $ 3 ,500,000, gold/ 1904
5 g J-J, , ,
127,500 July 1 1944
($500 and $ 1 ,0 0 0 )................. \Int. at C om ’wealth d r . C o ,. Buffalo, Trustee
B o nds.— Are subject to call on any interest date at 105.
E A R N I N G S .— For cal. year 1913, gross, $44,242 . In 1912, gross.
$ 44,882 .
In 1911, gross, $42,839 .
R O A D .— 6.65 miles of track, Buffalo to W illiamsville. A n extension
from Williamsvillo to Rochester, 60 miles, is contemplated; has been com
pleted in village of Batavia, 4 .48 m . of track. Permission to build remain
der has been granted by Railroad Commissioners. Rails 80-lb. T and 90lb. grooved girder.
O F F IC E R S .— 'Pres., L. L . Lewis Jr.; V .-P . and G en. M g r., L. L . Grove:
Sec., Godfrey M organ; Treas., L . K . Warnick.— V. 84, p. 1306.
I N T E R N A T IO N A L T R A C T IO N C O .— Trolloy (see M a p . p. 23).
Tho United Gas & Electric Corp. (see statement o f company under New
York) owns over 5 0 % of Internat. Trac. C o . com. stock.
V. 94, p. 1383.
In Dec. 1912 tho Pub. Serv. C om m , approved tho reorganization plan,
calling for exchange of old coli. trust 4s, $ for $, for now col. trust 4s of
Internat. Trac. C o. due July 1 1949. and limiting tho issue to $18,3 3 5 ,
000 instead of the $30,000,000 proposed. V . 96, p. 63. Tho few remaining
bonds of 1890 which did not assont to plan were called lor payment on
July 1 1913 at 110 and int.
V . 96, p. 1021.
O R G A N I Z A T I O N .— Organized on Jan. 18 1899 under N . J. laws and
has acqured all tho electric railways connecting tho cities of Buffalo, Niagara
Falls, Lockport, North Tonawanda and Tonawanda, together with all tho
street railway systems in all of said cities; also the electric railway connecting
tho villages of Depow and Lancaster with Buffalo.
It also acquired the
Canadian Electric Railway, traversing tho entiro length of tho Queen Vic
toria Niagara Falls Park and connected it with tho American system by the
acquisition of the steel arch bridge at Niagara Falls and tho Suspension
Bridge between Queenstown and Lewiston, which bridges havo been
equipped with trolley tracks. Owns entire stock and $4,984,500 bonds of
the International R y. C o. Has traffic agreement with Niagara Gorge R lt.
for the operation of cars over the latter’s 8 -mllo lino. Contract runs to 1941.
S trik e .— On April 6 1913 a striko was begun on tho com pany’s lines, but
on April 12 1913 tho men returned to work under an agreement by tho com
pany to listen to all complaints and to arbitrate all differences. On M a y 1
1913 agreement was made settling all disputes with tho A m al. Assn, of
Street & Elec. R y. Employees of A m . to continuo until M a y 1 1916 and
from year to year thereafter.
STOCK A N D BONDS—
D a te .
In te re s t. O u ts ta n d in g .
M a tu r ity .
Stock, common, $ 1 0 ,0 0 0 ,0 0 0 .____
________
$ 1 0 ,0 0 0 ,0 0 0 ......................
I’ref, 4 % cum, $5 ,0 0 0 ,0 0 0 ____ ______
________
5,000,000 Feb 1 1 4 %
Coll trust, $18,3 3 5 ,0 0 0 _______ 1912
4 J-J
18,335.000 July 1 1949
Serial debenture notes, $ 5 0 0 ,-/1 9 1 3
6 F -A
500.000
Seo text
000 ($1,000), g o ld ---------------c( In t.a t Chase N a t. Bank. N . Y .,o r Fidelity
Trust C o. of Buffalo. Trustee.
J a n ., 1 9 1 4 .J
ELECTRIC RAILWAYS
23
24
ELECTRIC RAILWAYS
STO CK A N D BON DS—
D a te .
In te re s t.
O u ts ta n d in g .
M a tu r ity .
Car trust certificates N o 2\ 1906
4 H J-D 15
5150,000
1914-1916
$600,000 ($ 1 ,0 0 0 )_______ c*J Commercial Trust C o ., Phila.,- Trusteo.
Car trust certificates N o 3 ) 1907
6%
100,000
See text
$ 2 5 0 ,0 0 0 ____________________ (Commercial Trust C o ., Phila., Trusteo.
installments of $30,000 each from D ec. 1906 to June 1916 inclusive. Car
trust certificates N o . 3 are secured by title to 50 cars. They fall duo in
semi-annual installments o f $12,000 M arch 1 and $13,000 Sept. I from
M arch 1 1908 to Sept. 1 1917.
D iv id e n d s .— As a result o f the reorganization bringing about the issuance
o f new coll, trust bonds and the settlement of the International R y .’s in
debtedness to the Traction C o ., a div. of 2 % on the pref. stock was paid
Feb. 1 1913; also an additional 4 % on account of accumulated dividends;
July 2 % and an add’l 2 % on account of accumulated divs. In 1914, F e b .,
2 % and 2 % additional on account o f accumulated dividends.
F ra n ch ise s.— In June 1906 we were informed that the m ajority of the
franchises In Buffalo are practically perpetual, none in Buffalo or other cities
and towns having then an unexpired term o f less than 40 years, excepting
only the Fillmore Avenue franchise, covering an extension of OH
miles on the east side in Buffalo, which was limited to 25 years; also portions
of Franklin, Pearl, Genesee, W . Seneca, M organ and W . Chippewa Sts.;
extension of M organ S t. or Elmwood A v e .,in the Terraco and College Place.
C o n s o lid a tio n o f C o n stitu e n t C o m pa nies.— On Feb. 20 1902 the Interna
tional Railway Com pany was incorporated in N ew York with $10,120,500
stock, and in A u g. 1902 this was increased to $ 17,000 ,000 , of which $16,
320,500 has been issued (all owned by the International Traction C o .) , as a
consolidation of the following companies, whose shares had previously been
held by the Traction C o .; V . 74, p. 427.
Buffalo Railway C o . (after Buffalo Traction and Buffalo Bellevue &
Lancaster had first been merged in the sam e).
Buffalo & Niagara Falls Electric Railway.
Buffalo & Lockport Railway (after Elm wood A v e. and Tonawanda Elec
tric Railway had been m erged).
Buffalo Tonawanda & Niagara Falls Electric R R . C o.
Lockport & Olcott Railway.
Niagara Falls & Suspension Bridge Railway (after the Niagara Fails
Whirlpool & Northern R y . had been merged in it).
Niagara Falls Suspension Bridge C o.
The Buffalo Railway owned the $ 2 ,860,000 stock o f the Crosstown Street
R y . of Buffalo, and this passed to the International Railway C o.
On July 1 1902 the International R y . C o. acquired by purchase the
Niagara Falls Park & River R y ., the Clifton Suspension Bridge C o ., the
Lewiston Connect. Bridge C o. and Queenston Heights Bridge C o. and in
D ec. 1912 merged the Electric C ity R y ., and in April 1913 the Crosstown
S t. R y . was also merged, thus leaving the International R aihea y C o. and tho
Frontier Elec. R y . the sole operating companies and the International Trac
tion C o. the holding company.
In D ec. 1912 the P. S. C om m , authorized tho Railway C o . to make a
mortgago for $60 ,0 0 0 ,0 0 0 as below.
V. 95, p. 1608. On N o v . 20 1913 tho
P. S. C om m , authorized $2,3 6 6 ,0 0 0 of these bonds in addition to amounts
previously issued.
V . 97, p. 1504.
Liens of Constituent and Owned Companies.
BON DS—
D a te .
Internat R y ref & imp m tgol 1912
In te re s t.
5 g M -N
O u ts ta n d in g .
M a tu r ity
$9,817,000 N o v I 1962
$60,000,000, gold___ c*&r/Bankors Trust Co., New York, Trusteo.
Buffalo Ry 1st con m tgof 1891
5 g F -A
5,000,000 Feb 1 1931
($1,000) $ 5 ,0 0 0 ,0 0 0 ,g ,c * & r (In t. at C o .’s office, B u ff., E .W . (Mark & C o .,
' Phila., or Bankers T r. C o ., N . Y . , Trustee.
aTonawanda St R R 1st M ,
1892
6 J-J
60,000 July 1 1922
$ 2 5 0 ,0 0 0 - - - _____ __________ j Interest at com pany’s office, Buffalo.
aTonawanda Electric R R 1st 1895
4 A -O
40,000 April 1 1917
m tg e ________________________ , Interest at company's office, Buffalo.
DCrosstown St R y 1st m tge, g
1892
5 g M -N
62,974,000 M a y 1 1932
($3,000,000), gu p & i__c* In t. at Metropolitan T r. C o ., N . Y . , Trusteo.
Buffalo Traction 1 st m tge,
1898
5 g J -D
673,000 Dec 1 1948
$ 5 ,0 0 0 ,0 0 0 ........ ....................... In t. at M etropolitan T r . C o .. N . Y . , Trusteo.
1897
5 J-D
215,000 June 1 1927
Buffalo Bellevue & Lancaster
Redeemable
at
par.
m t g e ........ ........... - .....................
1895
5 g J-J
750,000 July 1 1935
Buff & N iag Falls Elec R y—
1st M , $750 ,00 0, gold____ c, Interest at Bankers Trust C o ., Now Y ork.
2d M , $250,000, g, s f, red 1896
5 g J-J
45.000 July 1 1921
aft 1901 at 105 ( $ l ,0 0 0 ) .c Int. at Bankers Trust C o ., N . Y . , Trustee.
Buffalo & Lockport 1st m tge,
1898
5 g J-J
500,000 July 1 1938
gold, $500 ,00 0--------- ----------- Equitablo Trust C o ., N ew Y o rk, Trusteo.
Lockport & Olcott R y 1st 1900
5 g J-J
800,000 July 1 1920
mortgage, $ 1 ,0 0 0 , 0 0 0 , gold Int. at Guaranty T r . C o ., N . Y . , Trus.; also
at Buffalo. G uar., p. & i., by Inter. Trac.
($ 1 ,0 00 ) .......................
c*
Niagara
Falls
Suspension ’
1897 5 g J-J
300.000 Jan 1 1928
Bridge, Clifton Suspension Toronto General Trusts C o ., Trustee.
B r id g o ________ ______ ______ In t. at American Exch. N a t. Bank, N . Y .
Lewiston Connecting Bridge '
1898 5 g A -O
125,000 Oct 1 1928
C o,
Queenston
Heights Toronto General Trusts C o ., Trusteo.
Bridge C o ___________________ In t. at American Exch. N a t. Bank, N . Y .
aN lag Falls & Susp Bridge R y . 1893
6 J-J
518,000 July 1 1923
aN iag Falls W hirlpool & N o R y 1894
6 J-J
22,500 July 1 1923
a A ll owned by International Traction C o.
6 O f this $350 ,00 0 owned by International Railway C o.
B o nds.— O f the In tem at’l R y . ref. and im p. bonds, $11,031 ,500 are re
served to retire prior lien bonds; remaining bonds m ay be issued only for
add’ns, im pts., See., with consent o f the P . S. C om m . Coup, bonds in
denom . of $1,000 and $100 and reg. bonds of $1,000 and multiples. Red.
on any Int. date at 110 and int. In t. payable at the office or agency of tho
company in N ew Y ork. Sk. fd. began in 1912 and will provido by July 1
1949 sufficient funds to retire all outstanding underlying bonds, of a total
par value of $ 12,651 ,500 . V . 96, p. 62. Tho Tonawanda Elec. R R . mtge.
due April 11907 was extended until 1917. Tho Niagara Falls & Suspension
Bridgo R y . bonds o f 1893 and tho N lag. Falls & Whirlpool Northern bonds
of 1894 given in the table above matured in 1903, but wero acquired by the
International Traction C o. and extended ten years, and then deposited with
the Guaranty Trust C o . of Now York as additional security under tho
International Traction C o. collateral trust mortgage. Theso were again
extended, m aturity now being July 1 1923 and bearing interest at 6 % . All
the outstanding stock and $4,344,000 ref. & im pt. 5s of the Internat. R y .,
$60,000 Tonawanda St. R y. 1st 6 s, $40,000 bonds of Tonawanda Elec. R R .,
$518,000 bonds of the Niagara Falls & Suspension Bridge and $22,500 bonds
o f the Niagara Falls Whirlpool & Northern are pledged as security for the
International Traction collateral trust loan.
E A R N I N G S .— ’For year ending D ec. 31 1913, gross, $ 6 ,6 9 4 ,4 4 3 ;, net
after taxes, $2,39 9 ,7 7 0 ; fixed charges, $1,60 4 ,9 2 2 ; sinking fund, am ort, o f
disc, and prem. on debt, $129 ,80 3; surplus, $665 ,04 5.
■
R O A D — M ileage Jan. 1: Lengh o f line, single track (owned, 198.44
leased, 18.36; trackago, 6 .6 5 ), 382.87 miles; total track oper., 378.18 m iles.
Gaugo, 4 ft. 8 H inches. Rail (steel), 45 to 140 lbs.
E Q U I P M E N T .— Jan . 1 1914, 1,437 cars o f all classes, including 1,241
passenger cars; power furnished by Niagara Falls Power C o ., tho Cataract
Power & Conduit C o . and the Tonowanda Powor C o.
O F F IC E R S o f all operating companies.— Chairman Exec. C om m ., G eo.
Bullock; Pres., Edward G . Connette; V .- P ., E . J . Dickson; Sec., John A .
M cK enn a; T reas., G eo. W . W ilson; A u d ., Charles A . Chavel.
O F F IC E R S o f International Traction C o .— ’Pres., Rodman E . G riscom ;
V .- P ., E . G . Connette; Sec., John A . M cK enn a; T reas., G eo. W . W ilson:
A u d ., Chas. A . C havel.— V. 94, p . 911, 1383, 1764; V . 95, p. 4 20. 6 18,
891; V . 9 6 , p . 63, 1 3 5 ,2 8 5 ,7 1 6 , 1021; V . 97, p . 1357, 1663; V . 9 8 , p . 155.
BURLINGTON, IOWA.
BURLINGTON RAILWAY
LIOHT CO.—A
&
trolley road.
O R G A N I Z A T I O N .— Incorp. In 1912 in Delaware and acquired the Peo
ple's Gas & Elec. C o. and o ld Burlington R y . & Light C o. Does entire
municipal and commercial electric-lighting and power business in Burling
ton and suburbs. Also owns steam-heating and gas plants. Railway
fra n ch ise s are perpetual, except for two suburban extensions of minor im
portance. Other fra n c h is e s axpiro In 1927.
S T O C K S A N D B O N D S — D a te .
In te re s t.
O u ts ta n d in g .
M a tu r ity .
$2,000,000 .......................
Com m on, $ 3 .0 0 0 ,0 0 0 .......... ..........................................
efferred ,$ 2 ,0 0 0 .0 0 0 .................................................1,000,060
First mortgage, $7,500,000, g / 1912
5 M -S
1,400,000 M ar 1 1932
’ $ 1 ,0 0 0 ), sinking fu n d --C *lE q u lt. Trust C o ., N . Y . , Trus. I n t .i n N .Y .
Pr
[ V o l . X C V III
B o n d s .— Remaining bonds are for additions, betterments or extensions,
under certain restrictions, at 8 0 % o f cost. Callable at 105 and int. on any
int. day on 3 m onths’ notice. Sinking fund of 5 % of gross earnings begins
July 1914. V . 9 5 , p . 678.
E A R N I N G S .— For cal. year 1912, gross, $320,240; net, $152,538: other
Income, $8,395; total income, $160,933. In 1911, gross, $306,519; n e t,
after taxes, $141,340; other income, $10,428 ; total income, $151 ,76 8.
R O A D .— Owns and operates about 19H miles of track in Burlington
and its suburbs. 6 6 to 85-Ib. T rail. 62 passeugor cars.
O F F IC E R S .— Pros., G eo. II. Higbee; V .-P ., E . O . W alsh; Sec. & Treas.
& Gen. M g r ., C . H . W alsh.— V . 95, p. 6 78, 1039.
BURLINGTON, VT.
B U R L IN G T O N T R A C T I O N C O .— A trolley road.
STOCK A N D BONDS—
D a te .
In te re s t.
O u ts ta n d in g .
M a t u r it y •
Stock. $200,000 (par $100 )..................
Q -F
$200,000 1 9 1 2 -1 3 ,8 %
30-year bonds, 3 5 0 0 ,0 0 0 ... t f 1912
5%
350,000
1942
, B o nds.— The remaining $150,000 bonds can only be issued with permis
sion of Public Service Commission.
R O A D .— Owns 12 miles of track in city o f Burlington. Rails 50, 60
and 75-lb. T . Owns 15 box cars, 18 open cars, 2 snow plows.
D iv id e n d s .— Previous to 1903, 4 % yearly. From 1903 to 1912, 6 %
yearly.
In 1912 and 1913, 8 % .
Y e a r end . Ju n e 30— Gross.
N e t.
Charges. D iv s .
C onst.
B a lance .
1 9 1 2 -1 3 ....................... $126,185 $39,537 $14,000 $16, 00 _______ sur.$9,537
1 9 1 1 -1 2 ------------------ 122,153 55.838 13,401
12,000 $ 32,883 def.2,446
O F F IC E R S .— Pres., Elias Lym an; V .-P ., Jno. J. Flynn; T reas., W . F .
Hendee; See., C . W . Brownell.— V . 94, p. 1185.
BUTTE, MONT.
BUTTE ELECTRIC RAILWAY.— Trolley.
This company was incorporated in W est Virginia in December 1899 as
successor o f the B utte Consolidated I ty ., sold at foreclosure.
STOCK A N D B ON DS—
D a te .
In te re s t.
O u ts ta n d in g .
M a t u r it y .
Stock $1 000,000 (par $100)
---M -N
$ 1 ,000,000 Oct ’06 , 2 %
1st M , $700 ,00 0, gold, $ 1 ,0 0 0 / 1900
5 g M -S
700,000 M ar 1 1925
e a c h ------------------ ------------- c*lInterest at W . A . Clark & B ro., B utte.
B o nds.— M a y be called for paym ent on M a r. 1 1915, or on any intorest
day thereafter. S in k in g f u n d o f 1 0 % par value o f bonds begins M ar 1 1916.
D iv id e n d s .— I n 1905, 4 % ; in 1906, M a y , 2 % ; O ct., 2 % ; none since to
Sept. 1913— all earnings going into construction.
R O A D .— Operates 3 3.3 miles of track. 56-Ib. T rails; 62 motor cars.
E A R N I N G S .— Year ending D oc. 31 1912, gross, $464,532; oxpenses$478,465; loss, $13,933.
O F F IC E R S .— Pres., W . A . C lark, Butte; V .- P ., J. R . Wharton; Sec. &
T reas., J. H . Anderson, 20 Exchange Place, N . Y . — V . 7 2 , p. 190.
CALAIS, ME.
CALAIS STREET RAILWAY.— A trolley road.
O R G A N I Z A T I O N .— Stock, $ 50,000 com . and $ 5 0 ,0 0 0 pref.; first
mortgage, 1910 ( n t f ) , 5s, J-J, $100,000 due July 1 1930.
R E P O R T .— Year ending June 30 1913, gross, $36,002 ; net, $ 8,431;
interest and taxes, $5,673; surplus, $ 2,758.
R O A D .— Calais Street R y ., lower wharf to upper bridge, Calais, 4 m iles;
St. Stephen Electric R y ., M illtow n. N . B ., to St. Stephen, N . B ., 3 miles;
total, 7 miles. The St. Stephen Electric Street R y . is a separate corpora
tion, but is owned entirely b y tho Calais com pany. 9 cars.
O F F IC E R S .— Pres., George A . Curran; Sec., Treas. & G en. M g r .,
Benjamin Y . Curran; Supfc., C . F . Pray; all of Calais, M e .
CANTON, MASS.
BLUE HILL STREET RAILWAY.— A trolley road.
O R G A N I Z A T I O N .— F ra n c h is e perpetual.
ST O C K A N D BONDS—
D a te .
In te re s t.
O u ts ta n d in g .
M a tu rity .
$300 ,0 0 0 - - - - - - - - -
Stock, $300,000 ($100).................... - .....................
First mortgage, $500 ,00 0,
/ 1903
5 g A -O
2 5 ',0 0 0 Oct 1 1923
gold
. ( i n t . at Old Colony Trust C o ., Boston, Trus.
B o nds.— Subject to call as a whole at 115 and int. on any int. day.
E A R N I N G S .— For 12 m os. ending D ec. 31 1913, gross, $95,656; n e t,
after taxes, $28,887; interest, $22,018: balance, $6,869.
R O A D .— Operates 19.5 miles of track from M attapan, where connection
is made with the Boston Elevated R y ., to Canton and Stoughton, at which
latter point it connects with tho Brisfol & Norfolk Street R y . and the Bay
State Street R y . Standard gauge. 25 cars.
O F F IC E R S .— Pres., C . H . French; V .-P s .. A . S. Pratt and E . J. B .
Huntoon; Clerk, William T . Crawford; T reas., Henry B . Sawyer; G en.
M g rs., Stone & Webster M g m t. A ssn ., Boston.— V . 7 8 , p . 1906.
CAPE MAY, N. J.
CAPE MAY DELAWARE BAY & SEWELL’S POINT RAILROAD.
— A n electric and steam road.
, ,
. , ,, „
In M ar. 1912 Nelson Z . Graves o f Phila. acquired control. V .9 4 ,p .8 2 6 ,9 8 2 .
O R G A N I Z A T I O N .— Organized under the general railroad laws of New
Jersey on Jan. 19 1893 by consolidation of the Delaware Bay & Capo M a y
R R . (owner of the Capo M a y fic Sowell’s Point R R .) and the Cape M a y &
Schellengor’s Landing K B . Uses electric powor for passenger service and
steam power for freight.
ST O C K A N D B ON DS—
D a te .
In te re s t.
O u ts ta n d in g .
M a t u r it y .
Stock paid in (par $ 5 0 )_______ __
$150 ,00 0 - - - - - - - - -
First m tge ($150.000)- . . c u r . 1893
5 F -A __________ 150,000 Fob 1 1923
Other debts Dec 31 1 9 1 2 .- ............... .............3 91,449 - - - ------------In 1894 and 1895 but ono interest payment was m ado, by mutual consent
of bondholders. Interest was reduced to 5 % for 5 years from 1*ob. 1 1896,
and remains at 5 % . Trustee is N . J. Trust & S. D . C o ., Caindon, N . J.
R O A D .— Operates 6.29 miles of track extending to Cape M a y Point and
Sewell’s Point, along the beach front through city of Cape M a y .
E A R N I N G S .— For year ending D ec. 31 1912, gross $27,322; expenses .
$32,991; def. from oper., $5,669; taxes, in t., & c., $10,202; total deficit*
$15,871.
O F F IC E R S .— Pres., Nelson Z . Graves. Philadelphia.— V . 72. p. 532
________
V . 94, p. 8 26. 982.
CEDAR RAPIDS, IOWA.
IOWA RAILWAY & LIGHT CO.
O R G A N I Z A T I O N .— Is a re-incorp. in 1912 o f the Cedar Rapids & Iowa
C ity R y . & L t. C o. and has acquirod tho properties formerly owned by tho
following companies:
Marshalltown L t ., Power & R y . C o
Boone Electric C o.
Cedar Rapids & Iowa C ity R y . & L t. Perry E l. L t ., Pow. & Heat C o.
Tam a & Toledo Electric Power C o .
C o.
Tam a & Toledo R y . C o.
M arion Light, H eat & Power C o.
Owns and operates entire electric light and power properties in Cedar
R apids, M arshalltown, Boone, M arion, Perry, Tam a, Toledo and Nevada;
Inter, road between Cedar Rapids and Iowa C ity; tho local street railways In
M arshalltown, Boone, Tam a and Toledo;.tho gas plant in Marshalltown and
the heating properties in Cedar Rapids, Boone, Marion and Perry. Inter
urban road is on private right-of-way .
_ ,
C o n tta c t iv ith C ity .— ’For contract with C ity o f Cedar Rapids for the con
struction of a dam, & c ., see V . 98. p. 235.
In April 1913 the N evada (la .) Elec. C o. was acquired.
ST O C K A N D BON DS—
D a te .
In te re s t. O u ts ta n d in g .
M a t u r it y .
Common $3,0 0 0 ,0 0 0 .............................................................$ 1 ,700,000
.................. ..
Pref, $3,00 0 ,0 0 0 , 7 % c u m - ................................. ...........
1,259,895 ............. .........
1st & ref mtge $10,000 ,000 g 1912
5 M -S
3,65 6 ,0 0 0 Sept 1 1932
($500 and $ 1 ,0 0 0 )_______c*l Harris T r . & Sav. B ank, Chicago, trustee.
Ced Rap & Iowa C ity R & L
1903
5 g J-D
264,000 Juno 1 1923
1st M $2,000,000 gold ( $ l ,- { Illinois T r . & Sav. B k .. Chicago, co-trustoo.
0 0 0 )____________________c * t f
In t. at Harris T r . & Sav. B ank, Chicago.
J an ., 1914.
B o n d s.— O f tho remaining 1st & ref. bonds, $275,000 are reserved for prior
lien and $ 6 ,0 8 0 ,0 0 0 aro for extensions and additions at 8 0 % of cost for ac
quisitions, & c., under certain restrictions. Subject to call on any int. date
on or aftor Sept. 1 1915 at 103 and int. Sink. fd. 1 % per ann. o f bonds out,
beginning M ar. 1 1916 to 1921; 1922 to 1926, 2 % ; 1927 to 1931, 3 % . Sink,
fund to bo used for redemption o f bonds or for extensions and better
m ents. V . 95, p .7 5 0 .
On Ced. R ap. & Iowa C ity R y . & L t. 1st M . a s in k in g f u n d began April
1 1908 and bonds ate subject to c a ll on or after June 1 1913 at 107>3 & m t.
See V . 77, p. 2279.
E A R N I N G S .— O f combined properties for year ending Juno 30 1913,
gross, $912,465; net, aftor oper. exp ., taxes, m aint. and renewals, $373,601;
in t., $177,700; b a l., $195 ,90 1.
R O A D .— Operates an. interurban road 27 'A miles long on private rightof-way substantially 100 ft. wide between Cedar Rapids and Iowa C ity;
also local street railways in M arshalltown, Boone, Tama and Toledo. An
extension from Cedar Rapids east to M t . Vernon, 15 miles, is under con
struction. A 4,5 0 0 li. p. turbo-generator having a generating capacity ot
15,000 h . p ., has been installed. A contract lias been awarded ior a new
2 ,1 0 0 h. p. turbine.
C E R S .— Pros, and G en. M a n ., W illiam G . Dow s; V .-P . and Treas..
O F F IC
. Smith; V .-P ., John A . Reed; Sec., C . S. W oodward, all o f Cedar
Rapids!— V . 95. p. 750.
CEDARBURG, WIS.
M IL W A U K E E N O R T H E R N R Y .— An electric road.
O R G A N I Z A T I O N .— Incorporated in Wisconsin in 1905. Operates in
terurban system entirely on private right-of-way. F ra n c h is e In Milwaukee
exnires Dec 31 1934 and provides for 5-cont single fares and that 8 tickets
bo sold for a quarter within city limits.
Port Washington fra n c h is e expires
Jan 2 1956. All others perpetual. Enters Sheboygan over tracks o f She
boygan R y . & Electric C o . under perpetual contract.
S T O C K A N D B O N D S — ■ D a te .
In te re s t. O u ts ta n d in g .
M a t u r it y .
Stock, common, $ 1 , 0 0 0 , 0 0 0 - $ 1 ,000,000 ---------- - - - -
1st prof., $400 ,00 0, 6 % c u m .----------M -S -------------- 400,000 Sept-- 1 3 ,3 %
2d pref, $600 ,00 0, 6 % non-cum -------M -S
600,000 M ar 1 3 ,3 %
1st* mtgo $4,00 0 ,0 0 0 gold! 1911
5 A -O
1,595,000 Apr 1 1 9 3 1
($500 and $ 1 ,0 0 0 )...........c t f lin t , at First Sav. & T r . C o ., M ilw .. Trustee.
B o nds.— Remaining bonds m ay be issued only when net earnings aro
twico int. charges, inch bonds to bo issued, at not exceeding 7 5 % of cost
o f extensions, additions, & c. Subject to call at 105 and int. V . 92, p. 725.
D iv id e n d s .— Dividends of 3 % paid s .-a . on 1st & 2d pret. from Sept. 1911
to M ar. 1913 (incl.). In Sept. 1913 3 % paid on 1st pref. and div. was
passed on 2d pref.
E A R N I N G S .— For year ending Juno 30 1913, gross, $344,350; net after
taxos, $157,090; in t., $75,000 surplus, $ 82,090 .
R O A D .— W ill be 120 miles long, running north from Milwaukee to Cedarburg, where it forks, one branch extending to Sheboygan via Port Washing
ton and tho other to Fond du Lac. Operates 69 miles o f track, including
6M miles in Milwaukee, between M ilwaukee, Cedarburg and Sheboygan.
Is double-tracking the lino between Milwaukee & Cedarburg, 6 .04 miles
completed. Gauge, 4 ft. 8 K In. 70-lb. T rail.
O F F IC E R S .— Pres., W m . A . Com stock; V .-P . and Gen. M a n ., F . W *
Walker; Sec. and T reas.. Henry A . Ilaigk.— V . 8 5 , p . 601; V . 92, p . 725.
CHAMBERSBURG, PA.
C H A M B E R S B U R O & G E T T Y S B U R G E L E C T R IC R Y .
O R G A N I Z A T I O N .— ’Incorporated in Pennsylvania D ec. 4 1900.
ST O C K A N D BON DS—
D a te .
In te re s t. O u ts ta n d in g .
M a t u r it y .
Stock $225,000 ( $ 5 0 ) -............... ............
....................
$225 ,00 0 ......................
1st mtgo, $225,000 ($ 1 ,0 0 0 ),/ 1903
5 M -N
225,000 M a y 1 1933
not red., no sink. fu n d ._ c * lin t , at N ortham pton T r. C o ., Easton, Trust.
EARNINGS.— For year ending Dec. 31 1912, gross, $42,210; net, $3,539,
other income, $2,447; charges and taxos, $12,137; deficit, $6,151.
R O A D .— Operates 13.25 miles of track between Chambersburg, Stofferstown, Fayetteville, Greenwood and M t . Union. 60 to 80-lb. T and
girder rail. Gauge, 5 ft. 2 K in.
O F F IC E R S .— Pros., T . B . Kennedy; Sec. and T reas., W . L . Ritchey;
S u p t., D . B . Fretz.
_________ ________________
CHAMPAIGN, ILL.
IL L IN O IS T R A C T IO N C O .— ( See M a p on page 26.)
,
.
„
A m a lg a m a tio n .— On N o v . 10 1913 tho shareholders voted to increase tho
autli. common stock from $10,0 0 0 ,0 0 0 to $ 1 5 ,0 0 0 ,0 0 0 , in order to control
tho allied Western Railways & Light Co..w hich had outstanding $ 4 ,521,800
com . stk. and $ 3 ,1 6 9 ,0 0 0 pref. . Tw o shares of Railways & Light com . aro
to be exchanged for one of Illinois Trac. com. Tho prcl. stock of tho R ys.
& Light C o. will remain outstanding. Seo V . 9 7 , p. 1426 and 1054.
O R G A N I Z A T I O N .— Incorporated in M aine on M a y 13 1904 and con
trols tho following companies:
Bloomington Decatur & Cham p. R R Omaha & Lincoln R y. & L t . C o.
Bloomington & Normal R y. & L t.C o . Oskaloosa Traction & Light C o.
Danville Cham . & Dec. R y . & L t.C o . Oskaloosa Light & Fuel C o.
People’s Ttaction C o.
Danville & Eastern Illinois R y.
Peoria Railway C o.
Danville & Northern RI1.
St. Louis Electric Bridge C o.
Danville & Southeastern R y. C o.
Danville Street Railway & Light C o. St. Louis Electric Terminal R y.
Danville Urbana & Champaign R y. St. Louis Springfield & Peoria R R .
Springfield & Northeastern Trac. C o.
Decatur Railway & Light C o.
Topeka Edison C o.
D es Moines Electric C o.
Topeka Railway C o.
Galesburg R y ., Ltg. & Power C o.
Urbana & Champaign Railway, Gas
Illinois Central Traction C o.
& Electric C o.
Jacksonville Railway & Light C o.
Urbana Light, lle a t & Power C o .
Jacksonville R y.
Madison C ounty Light & Power C o .
In April 1907 obtained a 50-ycar fra n c h is e on certain streots o f St. Louis
and was also given authority by tho U . S. Governm ent to build a bridge
across tlio Mississippi River between Venice,111., and St. Louis, M o . This
bridge was opened to traffic in N o v . 1910 and, with terminals in St. Louis,
represents an investment o f over $ 6 ,000,000.
V . 92, p. 259. On July 1
1911 began running express trains between St. Louis & Peoria, 174 miles,
with oidy two stops— at Springfield and Lincoln— tho running time to bo
hours, or about 32 miles an hour (V . 93, p. 44 ).
In A ug. 1911 tho
company opened offices In Chicago, with tho purpose of securing freight
from points between Chicago and St. Louis, though company has as yet
no direct entrance into Chicago. V . 93, p. 527.
On Dec. 31 1912 tho bonded indebtedness of tho properties controlled
was $37,085,000.
S T O C K A N D B O N D S —■ D a le .
In te re s t. O u ts ta n d in g . L a s t D iv id .
C om m on, $15,000 ,000 ($100)...................... .................. $9 ,9 8 4 ,9 0 0 Feb T 4 ,M %
Pref 6 % cum $ 1 0 ,000 ,000 ($ 100)------Q-J
6 ,820,200 Jan T 4 , I 'A
Stock.— Additional preferred stock can only bo Issued when net earnings
aro equal to 9 % on preferred stock out and tho amount proposed to bo
Issued. Preferred stock is listed on Montreal Stock Exchange.
D iv id e n d s .— 6 % per annum is being paid on tho preferred stock. First
d iv . on coin., % % , paid M a y 15 1913; A u g. 1913, M % \ N o v ., % % . In
1914, N o v ., M % R E P O R T .— For cal. years. Report for 1912 in V . 96. p. 1222.
Gross e arnings— ■
1912.
1910.
1911.
Interurban_____________________________ $2,964,955
$2,864,793 $2,440,592
Local street railway----------------------------- 2,030,994
1,950,880
1,896,587
428,977
357,315
G a s.
383,324
1,322,581
Electric light and power-----------1,689,477
1,473,938
197,737
174,822
Steam heating__________________
219,170
26,141
M iscellaneous__________________
82,074
31,548
. $7,415,647
. $4,021,994
.
81,205
250,015
$6,902,220
$3,867,869
83,700
182.071
$6,218,038
$ 3 ,441,100
58,596
165.932
Total operating expenses.
. $4,353,214
$4,133,604
$3,665,628
N et ea rn in g s-........... .........
. $3,062,433
$2,768,580
$ 2 ,552,410
General and overhead expenses.
T a x e s ____________________________
25
ELECTRIC RAILWAYS
1912.
1911.
Loss net earnings o f Des Moines and
Topeka properties prior to purchase
Interest, & c___________________
Dividends on preferred_____
$ 3 ,062,433
- - $ 1 ,975,969
..
344.547
1910.
$54,183
$2,768,580
SI .885,221
3 1 8,276
$2,49 8 ,2 2 7
$ 1 ,536,687
273,286
$ 2 ,320,516 $ 2 ,2 0 3 ,4 9 7 $1,809,973
Surplus_____________________ ________
$741,917
$ 565 ,08 3
$688,254
During 1912 S I , 168.670 was expended for m aint.. renewals & betterm ’ts.
R O A D .— The interurban lines comprise 489.54 miles of track; city lines
comprise 169.60 miles of track; total of all lines, 659.14 miles.
In 1912
entered into a contract with Wabash R R . for a physical connection and
general interchange at Decatur. Has working agreement with all steam
roads in its territory that can be of service, except the Pennsylvania and
N . Y . Central lines.
Interurban lines have 150 passenger, 128 express and
750 freight cars; city lines have 210 motor cars and 149 others; 4 central
power stations and 40 sub-stations.
O F F IC E R S .— Pres., W . B . M cK in ley, Champaign; V .-P . and Gen. M g r .,
I I . E . Chubbuck, Peoria; V .-P . and T reas., G eo. M . M a ttis, Champaign.
Sec., T . B . M acauley, M ontreal.— V . 94. p. 9 1 1 , 982: V . 95, p. 172, 1542;
V . 96, p . 62, 652, 1222, 1365, 1423: V . 97, p .5 2 1 ,1 4 2 6 .
LO C AL STR E ET R A IL W A Y S .
(1) B lo o m in g to n & Norm al R ailw ay & L ig h t C o.
O R G A N I Z A T I O N .— Incorporated in Illinois on Feb. 23 1906 as a con
solidation o f the Bloomington & Normal R y ., Electric & Heating C o. and
the Consumers Light & Heating Co. o f Bloomington. Does all local street
railway and commercial electric light and power business in Bloomington
and Normal and operates liot-water and steam-heating system in Bloom
ington. Principal railway fra n c h is e in Bloomington expires in 1929. In
this franchise city reserves right to purchase plant at an appraised value
plus 1 0 % of sam e. Railway franchises in Norm al that are not perpetual
expire in 1922. Principal lighting franchises are perpetual.
STOCK A N D BONDS—
D a te .
In te re s t. O u ts ta n d in g .
M a tu r ity .
Com stock, $ 1 ,2 0 0 ,0 0 0 ($ 10 0 ) _______
______
$ 1 , 2 0 0 ,0 0 0 .................... ______30 0 ,0 0 0 ______________________
Pref. stock, $300 ,00 0, 6 % ___________
1st and gen m tgo, $3,500,0001 1911
5 J-J
894,000 Jan 1 1928
gold ($ 1 ,0 0 0 )--------------c * & rfIllinois Trust & Sav. B k ., Chicago, Trustee.
5 g J -D
544,000 June 1 1927
B & N R E & II 1st m tgo,] 1902
$600,000 ($1,000) g , s f _ c * /ln t . at III. Trust & Sav. B k ., C hic.. Trustee.
B o n d s.— O f the $ 3 ,500,000 1st and gen. m tge. bonds, $600,000 are re
served for prior liens and $ 2 ,006,000 for extensions and im pts. under care
ful restrictions. Are guar. prin. and int. and s. f. by Hi. Trac. C o. In t.
in N . Y . or Chicago. Callable as a whole or in part for s. f. at 1021^ and
int. on any int. date. Sink. fd. 1 % o f bonds out annually, 1912 to 1919;
2 % 1920 to 1928. V . 93, p. 665. T h e R y ., Elec. & Heating C o . bonds are
subject to call at 110 and int. Sink, f d ., $10,000 annually, began June
1908; $56,000 are in sink. fund.
R O A D .— Operates 20 miles of track in, around and between Bloom
ington and Norm al. Rails 70 and 7 2-lb . Has 33 pass . and 6 m isc. cars.—
V . 93, p . 665.
(2) S t. L o u is Electric T erm in al R ailw ay C o .
■
Owns extensive freight and passenger terminal stations costing about
$5,000,000; also valuable real estate and a 50-year franchise giving the Illi
nois Trac. an outlet in St. Louis. Also owns the Citizens' R y . C o. of Venice,
which operates 4 .8 8 miles of street railway in M adison, Granite C ity and
Venice. V . 9 1 ,
1769.
,
STOCK A N D BONDS—
D a te .
In te re s t. O u ts ta n d in g .
M a tu r ity .
C om m on, S I ,0 00,000_________
All owned by Illinois Traction C o.
Preferred 5 % - ............................. - .........
...............
$ 1 ,000,000 ......................
1st M (tem porary), $ 3 ,5 0 0 ,-] 1909
3-5 F -A
1,724,000 D ec 1 1929
000,
g ($ 1 ,0 0 0 ), guar p & i_ / Int. at M erchants’ B k . of Canada, M ontreal.
B o nds.—-First M . (tem p.) bonds aro subject to call at par on any Interest
day. N o s in k in g f u n d . They are guar., p . & L , by Illinois Traction C o .
(3) D anville C h am p a ign & D ecatu r R y. & L ig h t C o.
O R G A N I Z A T I O N .— Incorp. in M aine M a y 14 1913. Is a holding
company and controls substantially all the electric, gas, street railway
and public-heating systems in Danville, D ecatur, Champaign and Urbana.
Franchises covering gas, electric and heating, with few exceptions, extend
m any years beyond 1938. Street railway franchises expire at various dates
before 1938, tho laws of 111. not permitting long-time street ry. franchises.
STO C K A N D BONDS—
D a te .
In te re s t. O u ts ta n d in g .
M a t u r it y .
Stock. $ 3 ,700,000 ($100)............... ............................
$ 3 ,688,000 ........ ..............
C o n s& ref coll tr $ 1 5 ,0 0 0 ,0 0 0 / 1913
5 g M -S
2,092,000 M a r 1 1938
g c*& r*, red at 104 and in t ,{in t . at Boston Safe Deposit & Trust Co
guar prin and interest______( Trustee.
B o n d s.— Secured by all the stocks and bonds of constituent companies,
except $2,617,000 underlying bonds (maturing from 1914 to 1933) for pay
ment of which a like amount of cons. <k ref. bonds is reserved.
Remain
ing $10,291 ,000 m ay be issued for add’ns & im pts. to constituent cos.
under certain restrictions. They are guar. p. & i. Dy 111. Trac. C o ., as are
also sub. co. bonds deposited under this mtge. All future issues of stocks
and bonds by constit. cos. m ust bo pledged under above coll, trust issue.
V . 90, p. 1422. Coupon bonds in denom. of $1,000; regis. bonds $1,0 0 0 ,
$5,000, $10,000 or multiples of $1,000.
S in k in g fu n d will retire before maturity about 4 0 % o f total bonded debt,
incl. underlying bonds.
E A R N I N G S .— O f constituent cos. for cal. year 1912, gross, $1,629,892;
net (after taxes), $732,220. In 1911, gross, $1,471 ,7 8 3 ; net (after taxes),
$684 ,28 1.— V . 96, p. 1422, 1488.
(a) D anville S tree t R ailw ay & L ig h t.
„
Controlled by Danville Champaign & Decatur R y . & Light C o.
O R G A N I Z A T I O N .— Incorporated in D ec. 1899 as a cpnsolidation of all
tho street railway, electric light, gas and steam-heating interests.
ST O C K A N D BO N D S—
D a te .
In te re s t. O u ts ta n d in g .
M a tu r ity .
Stock, $ 1 ,500,000 ( $ 1 0 0 )-.........................................
$ 1 ,438,000 .......................
Refunding mortgage, $700,-1 1900
5 g J-J
676,000 Jan 1 ’ 14-'25
gold ($ 1 ,0 0 0 )_____ ______ c * /I n t . at Harris, Forbes & C o .. N . Y . and Chic.
Danville & Northern mort-\ 1904
5 M -S
17,000 Sept 1 1914
gage ($ 2 0 ,0 0 0 )_____________ /interost at Second N a t. Bank, Danville.
Consol and ref debs, $7,500,-1 1913
5 M -S
Seo text M ar 1 1938
000 -------------------------------------- /Central Trust C o. of III., Trustee.
B onds.— R ef. bonds are due $6,000 annually Jan. 1 1910 to 1924 inclusive
and remainder on Jan. 1 1925; 8 24.OOo have been retired. Sinking fund of
$6,000 per year began Jan. 1 1910, bonds being drawn (at par and accrued
int.) in numerical order, beginning with N o . 1. M ortgage trustee is the
Illinois Trust & Savings Bank, Chicago. V . 70, _p. 125. O f the consol. &
ref. debs, o f 1913, $871,000 are deposited under D . C . & D . R y. & L t. M .
$676,000 are reserved to replace underlying bonds and $ 5 ,953,000 for cost
of new property.
C O M P A N Y 'S P R O P E R T Y .-— T h e company owns the following; 1. Gas
works operated under special charter and a perpetual franchise. 2.. An
electric light plant is operated under a 99-ycar franchise; also has dynamos
for furnishing power to street railway. 3 . The entire street railway sys
tem of the city, 16.37 miles of track, nearly all laid in brick pavement,
running to three parks, the fair grounds, cemetery and railway depots and
National Soldiers' Hom e. Equipped with 50, 60 and 70-lb. Johnson T rails
with 26 motor cars (General Electric) and 12 others. Furnished electric
current at ''•Vestville, Georgetown, Ridgefarm, Indianola and Sided.
O F F IC E R S .— Same as those for Danville Urbana & Champaign Railway
C o .— V . 76, p. 1142, 1300.
(b) D eca tu r R ailw ay & L ig h t C o .
Controlled by Danville Champaign & Dodatur R y . & Light C o.
O R G A N I Z A T I O N .— Incorporated in Illinois in D ec. 1903, to take over
the property of the Decatur Traction & Electric C o ., the Decatur Gas &
Electric C o. and tho Decatur Steam Heating C o ., owning all the street rail
w ay, gas and electric-lighting business and steam-heating plant in Decatur
and suburbs.
ST O C K A N D BON DS—
D a te .
In te re s t. O u ts ta n d in g .
M a t u r it y .
...............
S l.3 7 5 ,0 0 0 ......................
Stock, $1,375,000 ($100)....................
Decatur Gas & Electric C o ]
1899 5 M -N
240,000 See text
first mortgage_____________ /In t. at M erch. L . & T r. C o ., C hic., Trustee.
Decatur Gas & Elec Co 2d M f
1899 5 J-J
90,000 Jan 1 1930
$400 ,00 0(8300,000 reserved {Interest at M erchants’ Loan & Trust C o .,
for above ($1,000), g o ld -. I Chicago, Trustee.
Dec Trac & Elec 1st M $300 ,-i
1900 5 J-J
212,000 Jan 1 "1 9 2 1
000 ($500 & $1,000 e a c h )c*/ln t. at Illinois T r. & Sav. B k ., C h ic., Trustee
D ec R y & Lt C o 1st & cons M ]
1903 5 g J-D
743,000 Dec 1 1933
$ 1,300,000, g ($ 1,000) - . c * / In t. C ity T r . C o ., B o st. , T r ., & agency in N . Y
D ec Ry & L t con & ref intgel 1913
5%
See text M ar 1^1938
$7,500,000 (red at 105)___ /Central Trust C o of 111., Trustee.
p.
26
ELECTRIC RAILWAYS
[ V o l . X C V III
a k
i:
J an ., 1914.]
ELECTRIC RAILWAYS
27
Bonds.— $542,000 Decatur Railway & Light C o. first and consols, are re
INTERURBAN ROADS.
served to retire an equal amount of prior liens as above. A sinking fund
(7) Bloom ington Decatur & Champaign RR.
o f 10% of the net earnings, or not less than 1 % of outstanding bonds, is
O
R
G
A
N
I
Z
A
T
I
O
N
.—
Incorporated
Illinois on N o v . 29 1910 as a con
to bo invested in the bonds. Am ount outstanding includes $55,000 bonds solidation o f the Chicago Bloomington in
& Decatur R y . and St. Louis Decatur
held in sinking fund. These bonds are subject to call at 1 0 7 M and int. & Champaign R y . Operates on private right o f way except through cities
on any interest date upon 60 days' notice. O f the Decatur Gas & Electric and towns (8 miles) -where fra n c h is e s extend to or beyond 1953.
C o. first mtge. bonds, $15,000 must be redeemed on M a y 15 1910 at 105 and
In D ec. 1912 increased its pref. stock from $525 ,00 0 to $637 ,50 0.
a like amount each year thereafter in numerical order. Theso bonds
S T O C K A N D B O N D S — ■ D a te .
In te re s t.
O u ts ta n d in g .
M a tu rity .
arc subject to call at 105 and interest. The second m tge. bonds of the Com m on, $ 3 ,0 0 0 ,0 0 0 _________ ______
________
$3 ,0 0 0 ,0 0 0
Decatur Gas & Electric C o. are redeemable at any time at 105 and in t.,
5 % ( $ 6 3 7 ,5 0 0 )--..........................................
637,500
but there is no sinking fund on theso bonds. O f the D ec. Ity. & L t. consol. Preferred
1st & ref m tge, $ 1 5 ,0 0 0 ,0 0 0 , g 1910
"1 ,500,000 N o v 1 1940
5~ g M - N
& ref. bonds, $ 675 ,00 0 are deposited under tho Danville Cham p. & D ec. R y .
($1,000 coup & $1 ,0 0 0 or Interest at Illinois Trust & Savings Bank,
& L t. consol. & ref. m tge. $ 1 ,300,000 are reserved to retire underlying
multip reg.) gu p & l_c*& r*
C h ic., Trustee, or Chase N a t. B ank, N . Y .
bonds and $ 5 ,5 2 5 ,0 0 0 tor new construction.
General m ortgage____________
1910
5 M -N
953,000 N o v 1 1940
R O A D .— Operates about 15 miles standard-gauge road in Decatur and
.Central Trust C o . o f Illinois, Trustee.
suburbs; 60 and 72-lb. T rails. 23 motor cars and 16 others.— V . 91. p . 38;
Stock.— O f tho $637 ,50 0 pref. stock ou t, $412 ,50 0 is Series “ A ” and
V . 92, p . 322.
$225,000 is Series “ B . ”
(c) U rban a & C h a m p a ig n R ailw ay, G a s & E lectric C o .
B onds.— O f the $ 1 3,500 ,000 “ 1st & ref.” bonds reserved for various pur
Controlled by Danville Champaign & Decatur R y . & Light C o.
poses, $6 ,8 5 3 ,0 0 0 are reserved fer acquisitions o f two connecting interurban
O R G A N I Z A T I O N .— A consolidation in 1897 o f Urbana & Champaign roads (Danville Urbana & Champaign and Illinois Central T r a c .), $953 ,00 0
Electric Street, Champaign Electric Light & Power, Champaign & Urbana to redeem tho general m tge. bonds, $433 ,00 0 to replace general m tge. bonds
G as Light & Coke and W est End Park companies. Owns perpetual gas issued in the future and $5,26 1 ,0 0 0 for 8 0 % o f cash cost of additions and
and steam charter. The underlying railroad charter is also perpetual. improvements. These $5 ,2 6 1 ,0 0 0 bonds, excepting $500 ,00 0 (issuable at
F ra n ch ise in 1901 extended for 20 years.
any time for 8 0 % of cost o f additions and improvements) can be issued
In D ec. 1912 increased its stock from $500,000 to $700 ,00 0.
only when the preceding 12 m onths’ gross earnings have equaled five times
times the interest charge on all bonds outstanding and
ST O C K A N D BON DS—
D a te .
In te re s t.
O u ts ta n d in g .
M a t u r it y . and net earnings 1
those proposed to be issued. Bonds are unconditionally guar., p. & i. by
Stock 3S700 600
___
________
$700,000 ____________
U & C R y G & E M $ 2 5 0 '.6 0 0 f 1897
5 g J-D
138,000 June 1 1917 Illinois Trac. C o . T h ey are redeemable at 105 on any int. date. V . 92.
gold sink fund $8,000 yrly{In t. at Illinois T r . & Sav. B ank, Chic . Trus. p . 259. In t. on general m tge. bonds is payable at office o f M erchants'
June 1 1900&aft(Sl ,000) .c*( or at Chase N a t. B ank, Now York C ity. Bank of Canada, New Y ork.
OonsSf mortgage, $ 5 0 0 ,0 0 0 j 1899
5 g J-J
354,000 July 1 1929
R O A D .— Owns and operates 97 miles o f track (89 miles, main line; 8
(Si flOO g o l d ____________ c lln t . at Portland T r . C o ., Portland, M o .,T ru s
miles sidings) extending from Bloomington through Decatur to Champaign
U & C Ity G & K consol an d / 1913
5 M -S
See text M ar 1 1938 and Urbana. 60 and 70-lb . rails. Standard gauge. 187 cars and 2 loco
ref debs $ 4 ,0 0 0 .0 0 0 --...........\ Central Trust C o ., Chicago, Trustee.
m otives.
Bonds.— O f tho consol, m tgo. bonds, sufficient are reserved to retire first
(8) D an ville U rb an a & C h a m p a ig n R y.
mortgage bonds . T h e bonds are subject to call on any interest day at 105
O R G A N I Z A T I O N .— Incorporated in Illinois under the railroad law on
O f tho U . & C . Ity ., G . & E . consol, and ref. debs., $541,000 aro deposited
July
28 1902. Owns tho Danville Paxton & Northern R y . M o stly private
under D . C . & D . R y . & L t. consol. & ref. M ., $500,000 aro reserved
right of w ay.
to retire other bonds and $ 2 ,9 5 9 ,0 0 0 for additions and improvements.
R O A D .— Operates 12.60 miles o f track in and between Champaign and
STOCK A N D BON DS—
D a te . In te re s t.
O u ts ta n d in g .
M a tu r ity .
Urbana. Has 20 motor cars and 8 others.
$ 2 ,000,000 .......................
Stock $ 2 ,000,000 ........................ .... ...............................
(d) U rban a L ig h t, H ea t & Power C o.
First mortgage $ 2 ,0 0 0 ,0 0 0 / 1903 5 g M -S
2 ,000,000 M c h . 1 1923
Controls the electric lighting and steam-heating business o f Urbana.
gold $1,000) guaranteed! Interest at Agency o f Bank o f M o n tre a l,N .Y .
c * __________________________ [ Northern Trust C o ., Chicago, Trustee.
In D ec. 1912 increased its stock from $100,000 to $ 1 50 ,00 0. Entlro stock
Is owned by Illinois Traction C o.
Second mortgage $ 5 0 0 ,0 0 0 ! 1905 6 g J-J
3 42,000
See text.
gold ($1,000) serial---------c*JIn t. at Agency M erchants’ B k . o f C a n ., N .Y .
STOCK A N D BONDS—
D a te .
In te re s t. O u ts ta n d in g .
M a tu rity
6%
4 3 0,000 ____________
Stock $1 5 0 ,0 0 0 .....................................................................
$150 ,00 0 ....................... General mortgage bonds-----------------B onds.— The first 5s have no sink, fd ., but are subj. to call on any Int. date
First mtgo $56,000 ($ 5 0 0 )--C . 1903
5 M -N
29 ,0 0 0
See text.
upon 90 days’ notice at 105 & int. The bonds are guar., p. & i ., by end. by
First consol m tge $200,0001 1909
5 J -D
92 ,0 0 0
See text.
D an v. St. R y . & L t. C o. and Urbana & Champaign R y ., Gas & Elec. C o.
( $ 1 ,0 0 0 ) -------------------------------(Central T r. C o . of 111., Trustee. In t. in Chic.
V . 81, p. 264. The 2d 6s mature $50,000 on Jan. 1 1908 and $50,000 each
Consolidated and refunding! 1913
5%
See text M ar 1 1938 Jan.
1 thereafter. The $50,000 due on Jan. 1 1908 and $50,000 due Jan. I
m ortgag e---------------------------- /Central Trust C o. o f Illinois, Trustee.
1909, as well as $42,000 o f the $50,000 due Jan. 1 1911, were extended.
B onds.— First mortgage bonds maturo $ 2,000 to $ 4 ,5 0 0 annually on $158,000 have been retired. They are subject to call at par on 30 days
M a y 1 until M a y 1 1920. $2 7 ,0 0 0 retired up to Sept. 1913. O f 1st consol, notico. Are guar., p. & L , by 111. Trac. C o . Trustees are Montreal T r . &
m tge., $ 3 6,000 are roservod for prior bonds and $ 7 2,000 are for new con D op. C o . and Th os. Fyslle.
struction. Bonds maturo on M ar. 1 yearly from i918 to 1927. T h ey
R O A D .— Operates 70.1 miles o f track over private right o f w ay, connect
aro guar, by Illinois Traction C o . V . 89, p. 167. Tho entire outstanding
am t., ($5,000) of consol. & ref. bonds aro deposited under D an v. C ham . & ing the cities of D anville, Urbana and Champaign, with branches from D an
ville to Georgetown and Ridge Farm; Danville to Catlin and Ogden to
D ec. R y . & L t. mortgage.
„
O F F IC E R S .— Pres., W . B . M cK in ley; Sec., E . A . M a c N u tt; T reas., Homer. 70-lb. rails. Has 23 motor cars, 10 electric locomotives and
164 miscellaneous cars.
G eo. M . M attis; G en. M a n ., M . II. Chubbuck.— V . 8 9 , p. 167.
O F F IC E R S .— Pres., \V. B . M cK in ley; Sec., E . A . M a cN u tt; T reas.,
(4) J ac k son ville R ailw ay & L ig h t C o.
O R G A N I Z A T I O N .— Incorporated in M aine In D oc. 1905 and is a con Geo. M . M a ttis.— V . 81. p. 264: V . 83, p. 435; V . 8 4 . p. 338; V . 8 8 . p. 563.
solidation o f tho Jacksonville R y . C o . and the Jacksonville Gas Light &
(9)
Illin o is C en tral T r a c tio n C o .— A trolley road.
Coko C o . F ra n ch ise perpetual.
O R G A N I Z A T I O N .— Incorporated In Illinois in 1903 under general
STOCK AN D BONDS—
D a te .
In te re s t.
O u ts ta n d in g .
M a t u r it y . railroad laws. M ostly private right o f w ay.
Stock, $500 ,00 0 ($100)........ - ..................................
$ 500 ,00 0 ................ ..
STOCK A N D B ON DS—
D a te . In te re s t.
O u ts ta n d in g .
M a tu r ity .
Jack R y & Lt 1st cons m tg e ,/ 1906 5 g J-J
5 73,000 Jan 1 1931
S t o c k ....................................................................................
$ 1 ,100,000 .......................
$ 1 , 0 0 0 ,0 0 0 ,gu ,g ($ l,0 0 0 )c*(C e n tr a l Trust C o ., Chicago, Trustee.
1st m tge, $ 2 ,000,000 ($1,-1 1903 5 g J-D
1,469,000 Doc 1 1 9 3 3
Jacksonv Gas Light & C o k e / ------5 J-J
155,000 Jan 1 1931
000) gold, guar________c*J Interest at C ity Trust C o ., Boston, Trustee
Co first m ortgage---------------(In t. at Merchants' Loan & T r . C o ., Chicago.
5 & 6
570,000 1929 & 1931
Bonds.— O f tho $ 1 ,0 0 0 ,0 0 0 1st consols, $160 ,00 0 aro reserved for prior Temporary general m o r t g a g e .____
B onds.— Aro subject to call on any interest date on 60 days’ notice at
lions. Are gu ar., p. & L , by Illinois T rac. C o . 2 % of bonds out is payablo
X and int. Aro guaranteed, p. & L , by Illinois Traction C o . V . 82,
annually to a s in k in g f u n d . Are sub. to call on any int. date at 105.
Int. at 107 A
p. 804. A s in k in g fu n d of 10% o f net earnings became operative D ec. 1
Merchants' Bank of Canada, N . Y . $25,000 Jack. Gas L . & C . retired.
R O A D .— Operates about 7.65 miles of track and also does olectric lighting 1908. but not to bo less than 1 % of bonds outstanding.
R O A D .— Operates 4 5.5 miles of track from Decatur to Springfield, with
and gas business in Jacksonville. 14 motor cars and 9 others.— V . 9 5 , p.
an extension from Buffalo to Mechanicsburg; 70-lb. rails. H as 11 motor
1542; V . 9 7 , p. 1733.
cars, 1 olectric locomotive and 53 miscellaneous cars.
(5) Peoria R ailw ay C o .— A trolley road.
O F F IC E R S .— Pres., W . B . M cK in ley; Sec., E . A . M a cN u tt; T reas.,
O R G A N I Z A T I O N .— Incorporated under general railroad laws o f lllinoiin 1906 and Is successor to tho Central Railway C o . H as acquired, own- Geo. M . M attis; G en. M g r ., M . E . Chubbuck. V . 82, p. 804; V . 84. p. 339.
and controls all streot railway lines in Pooria and outlying suburbs of A very(10)
Illin o is W e ste rn R a ilw ay C o .
vllle, Pooria Heights and East Pooria. T h o entire stock is controlled by
Capital stock, $500,000, all owned by 111. Tract. C o . Is building 35 miles
tho Illinois Traction C o. N . W . Halsey & C o ., Now York and Chicago,
of
road
from
Springfield to Jacksonville, III. W ork was discontinuedlln
offered tho 1st and ref. bonds for sale. V . 8 9 , p. 42.
Favorable D e c is io n .— On O ct. 26 1911 the Illinois State Supreme Court, Sept. 1912 and has not yet been resumed.
rovorsing tho Circuit Court, held that tho C ity Councils could not grant a
(11) S t. L ou is Sp rin gfield & Peoria R R .
franchise to tho Peoria R y. Term . C o . Overstreets to which the Peoria R y.
O R G A N I Z A T I O N .— Incorporated in Illinois D ec. 1 1909 as a consolida
already held a franchise. V . 93, p. 1535.
tion of tho St. Louis & Springfield R y ., the St. Louis & Staunton R y ., the
In Dec. 1912 increased its stock from $ 1 ,0 0 0 ,0 0 0 to $ 1 ,010,000.
T
ri-C
ity Trac. C o. and the St. Louis & Northeastern R y . Operates on
S T O C K A N D B O N D S — ■ D a te .
In te re s t.
O u ts ta n d in g .
M a tu r ity .
private right o f way except through cities and towns (about 17 m iles), where
Stock, $ 1 ,0 1 0 ,0 0 0 __________________
- ...
$1,01 0 ,0 0 0
..............
fra n c h is e s extend to or beyond 1953. In 1911 acquired tho Springfield
Central Ry first mortgage,? 1895
5
g
A -O 570,000 Apr 1 1915
$750 ,00 0, gold ($1,000)-C*1 Int. at Now York Trust C o ., N . Y . , Trustee. Belt R y.
In 1912 acquired the Peoria Lincoln & Springf. R y . C o ., the Peoria Bloom.
First & ref m tge, $ 3 ,6 0 0 ,0 0 0 .) 1906
5
g
F -A 2 ,369,000 Sco text.
& Champaign Trac. C o . and the Terminal Power C o . Also leases for 40
gold ($ 1 ,0 0 0 )____________ c*(Interest payable in N ew York.
years
from 1912 the Springfield & Northeastern Trac. C o.
General mortgage-------------------- 1909
5%
630,000
1926
Has long-time contracts for use o f bridge and terminals of St. Louis Elec
Bonds.— O f tho $3,60 0 ,0 0 0 first and ref. bonds, $570 ,00 0 aro reserved to
tric Bridge C o. and St. Louis Electric Terminal R y ., enabling it to operate
retire prior lions and $371,000 for additions and improvements at 7 5 % of directly
into St. Louis.
cost; $290,000 have been retired. They are guar., p. & L, by endorsement
In Doc. 1912 increased its pref. stock from $ 2 ,400,000 to $2,5 7 2 ,0 0 0 .
by Illinois Trac. C o . This guaranty is a prior obligation to the stock of tho
STOCK A N D BONDS—
D a te . In te rs e t.
O u ts ta n d in g .
M a tu r ity .
111. Trac. C o. The bonds are secured by the first m tgo. upon all tho proper
$5,450,000 .......................
ties and franchises of tho Peoria R y. C o ., now owned or hereafter acquired, Common $5,450,000 ($100).......................................
__________
2,572,000 ............... ..
subject onlv to the $570,000 underlying bonds of tho Central R y. C o . Tho Prof. $2,572,000 ($100) 5 % ............... 3 ,198,000 D ec 1 1 9 3 9
trustee is the Illinois Trust & Sav. Bank, Chicago, 111. Tho bonds oxpiro 1st & ref mtgo $15,000 ,000 g f 1909 5 J-D
($1,000 coup & $1,000 or? Illinois Trust & Sav B k, Chicago, trustee
on Feb. 1 as follows: $25,000 In 1908, $ 3 0,000 in 1909, $35,000 in 1910,
multiples reg.)_______ c*&r* (Interest In New Y o rk, Chicago or London.
$55,000 In 1911, $60,000 in 1912, $65,000 in 1913, $70,000 in 1914, $75,000
451,000 D ec 1 1933
in 1915. $80,000 in 1 9 1 6 , $85,000 in 1917, $95,000 in 1918, $100 ,00 0 in 1919, St Louis & Springfield 1st M l 1903 5 g J-D
($1,000) s fg o ld g u a r -.c * ./I n t e r e s t at C ity Trust C o ., Boston, trustee.
$105,000 in 1920, $110,000 in 1921, $115,000 in 1922. $120 ,00 0 In 1923,
5%
3 ,951,000
1939
$125,000 in 1924, $130,000 in 1925, and tho remaining $750,000 in 1926. St L S p & P gen M $ 1 5.000 ,000_______
280,000 N o v 1 1936
They aro subject to call on any interest date at 105 and interest. See Peoria Bloom ington & Cham f 1906 5 g M -N
T rac 1st M $3,000,000 gold? Int. at agency M erch. B k. o f Candaa, N . Y .
V . 83, p. 38, 436; V. 89, p. 42; V . 90. p. 560.
( $ 1 ,0 0 0 ) _________________ c * ( Central Trust C o ., Chicago, Trustee.
R O A D .— Owns and operates 52 miles of standard-gaugo track, 90 motor
B onds.— O f the $11,802,000 "1 s t & ref.” bonds reserved for various pur
cars. 40 other cars. Also owns valuable property near tho centre o f city and
considerable other real estate, including several amusement parks, estimated poses, $500,000 aro reserved for acquisition of Springfield & Northeastern
T rac., $715,000 to retire prior liens, $3,788,000 to redeem the general mort
to bo worth $500,000.— V . 90, p . 560; V. 92, p. 1500; V . 93, p. 1535.
gage bonds and $6,799,000 for 8 0 % of cash cost of additions and im pts.
(6) T o p ek a R ailw ay C o .
,
„
These $6,799,000 bonds, excepting $500,000 (issuable at any time for 8 0 %
O R G A N I Z A T I O N .—-Incorp. under general railway laws o f Kansas in of cost of additions and im pts.) can be Issued only when for the preceding
1892; in 1903 absorbed tho Vinowood Park Ity ., and made a new m tge. for 12 months gross earnings have equaled five times and net earnings 1 H times
$ 1 ,250,000. On June 4 1903 obtained anew 30-year fra n c h is e , running from tho Interest charge on all bonds outstanding and those proposed to be Issued.
that date, with the provision that $400,000 be expended within 3 years on Redeemable at 105 on any int. date. Bonds aro unconditionally guar.,
tho system . Also has secured fran chises in perpetuity on county roads now p. & 1., by Illinois Trac. C o . V . 90, p. 304; V . 95, p. 177. Are listed on
occupied, with privilege o f hauling freight. C ity agreos nevor to reduce Chic.
Exch. St. Louis & Springfield 1st M . bonds are subj. to call
rates to where company will earn loss than 1 0 % on stock. Tho city is to on anyStock
int. date on 60 days’ notice at 1 0 7 & int. Aro guar., p. & L , by
receive 10% of earnings remaining after 10% has boon earned. Upon ex 111. Trac.
C o .; $68,000 of bonds held in s. f.
piration of fia n c h is e city has the right to acquire tho property, but not
Peoria Bloom . & Cham . T r. 1st M . bonds are guar., p . & L , by 111. Trac.
before. V . 76, p. 866, 1302.
Kansas Ity. & Light C o. (bolding company) has $1,44 8 ,0 0 0 temporary C o. They aro subject to call on any interest date at 105 on 30 days’ notice.
R O A D .— Extends from Venice, opposite St. Louis, to Peoria and Bloom
bonds out, duo 1935. V . 92, p. 1243.
ington, with branch from Staunton to Hillsboro. Trackage, 215 miles
S T O C K A N D B O N D S — • D a te .
In te re s t.
O u ts ta n d in g . M a tu r ity .
main line, 10 miles belt line, 21 miles sidings; total, 246 miles, of which
$1,25 0 ,0 0 0 f .p ...................
Stock, $1,25 0 ,0 0 0 ($100).................................. ...........
First mtgo, $1,2 5 0 ,0 0 0 , gold? 1904
5 g J-J
1,175,000 Jan 1 1930 31.88 aro leased. Standard gauge. Owns 411 cars and 4 locomotives
and leases 52 cars.— V . 94, p. 1120: V . 95, p. 177, 237.
($ 1 ,0 0 0 )__________________c*\Int. at C en t.& C om m .T r.& S .B .,C h ic ..T ru s.
B onds.— Remaining bonds aro reserved for 8 0 % o f cost o f now power(a) Sp rin gfield & N orth eastern T r a ctio n C o .
houso and for betterments and additions. Fifteen bonds per annum, be
Lease.— Is leased to St. Louis Springf. & Peo. R R . for 40 yrs. from 1912.
ginning with N o . l .c a n bo called at 105 and interest until Jan. 1 1915, when
O R G A N I Z A T I O N .— $1,460,500 of stock is owned by Illinois Traction
ontiro issue is subject to call at that price. $75,000 have boon retired. A
s in k in g f u n d began Jan. 1 1910, which is sufficient to retire $15,000 per C o. M ostly private right of way.
ST O C K A N D B O N D S—
D a te . In te re s t.
O u ts ta n d in g .
M a tu r ity .
annum at 105 and interest.
$1,500,000 .......................
Stock $1,500,000 ...........................................................
R O A D .— Owns 33 m . of trolloy: 70, 75 and 80-lb. rail. Operates 30 cars.
O F F IC E R S .— Pres., W . B . M cK in ley, Cham paign,III.; V .-P ., Chas.
1st mtge $1,500,000 ($1,000) ( 1906 5 g J-D
800,000 D ec 1 1 9 3 6
g o ld ______________________c * ? In t. at agey. M erch an ts'B k . o f C a n ., N . Y ,
Zllly, Champaign: Sec., E . A . M acN u tt, Montreal; T reas., G . M . M attis.
(Central Trust C o. of Illinois, trustee.
— V . 81. p. 723; V . 82. p. 101; V . 90, p. 915, 978
B o nds.— Bonds are guar., p. & i ., by end. by 111. Trac. C o . Callable on
any Int. date on 4 weeks’ notice at 105. N o sinking fund.
R O A D .— Operates 3 1.8 miles of track, from Springfield to Lincoln. Has
27 trail cars. V . 85, p. 655.
OTHER PROPERTIES AND ROADS UNDER CONSTRUCTION.
(12) Danville & Eastern Illinois Ry.
Is building from Danville to Indiana State lino, 7 miles, to connect with
Indiana Interurban roads. 3 miles have been completed. A t Terro H aute
connection will be made with Indiana interurban roads. In Sept. 1907
increased stock from $5,000 to $ 5 00 ,00 0. V . 8 5 , p. 722. Temporary bonds
to the amount of $50,000 ( 5 % ) aro outstanding, due 1927.
(13) Danville & Southeastern Ry. Co.
O R G A N I Z A T I O N .— Incorporated in Illinois on Jan. 14 1909
STOCK A N D BON DS—
D a te . In te re s t.
O u ts ta n d in g .
M a t u r it y .
S t o c k __________________________ All owned by Illinois Traction C o.
First mortgage $ 100 ,00 0 gokl.l 1909 5 g J-J
$60,000 July 1 1929
($ 1 ,0 0 0 )----------------------- c & r /ln t. at Central Trust C o ., Chicago, trustee.
B o nds.— Subject to call at 105 and int. on any int. date. -Guaranteed,
p. & i ., by Illinois Traction C o.
R O A D .— Operates 7 miles o f road from Danville C ity limits to Grape
Creek coal district. 70-lb. rails.
O F F IC E R S .— Same as those for Illinois Central Traction C o.
(14) Des Moines Electric Co.
O R G A N I Z A T I O N .— Purchased by Illinois T rac. C o . July 1 1909.
First
m tgo. gold 5s, auth. $ 5 ,0 0 0 ,0 0 0 ($1,000); outstanding, $1,817,000; date,
1908; due N o v . I 1938; int. ( M .- N .) at Am er. Trust C o ., Boston; subject to
call after N o v . 1 1914 at 105. Sinking fund, 1 % of bonds N o v . I 1914-21'
1 'A % 1926 to 1931; 2 % 1931 to 1937. T h e Des M oines R y . & L t. Co
(holding co.) has $838,000 (5 % J .-J .) tem p, bonds outstanding, due 1 935 .
(15) Madison C ounty Light & Power Co.
Is a consolidation in 1906 o f tho Edwardsvillo Light & Power C o . and the
Granite City-Vonice Electric C o . Supplios light and power to Edwardsville, G ran itoC ity, Vonicoand Brooklyn. In D ec. 1912 Increased its stock
from $100 ,00 0 to $335 ,00 0. Stock all owned by Illinois Traction C o.
S T O C K A N D B O N D S — • D a te .
In te re s t. O u ts ta n d in g .
M a t u r it y .
Stock $ 3 3 5 ,0 0 0 ________________ ______
___________
$335 ,00 0 ................. .. .
1st m tge $ 1 ,0 0 0 ,0 0 0 ($1,000) f 1906
5 g J -D
5 0 3,000 D ec 1 1 9 3 6
gold____________ __________ c*l Int. at agcy. M erchants’ B k . of C a n a d a ,N .Y .
I Central Trust C o. o f Illinois, Trustee.
B onds.— Guar. p. and i. by Illinois Traction C o. Can bo called on
four weeks’ notice on any int. day at 105. N o sinking fund.
(16) St. Louis Electric Bridge Co.
O R G A N I Z A T I O N .— Incorporated In Jan. 1907. Owns a bridge from
Salisbury Street, St. Louis, to Venice, 111. In April 1909 company in
creased capital stock from $2,5 0 0 to $ 1 ,0 0 0 ,0 0 0 .
V . 8 8 , p. 946. Stock all
owned by Illinois Traction. For franchise provisions, see V . 8 5 , p . l 0 0 .
Construction was started in Oct. 1907 and bridge was formally opened
on N o v . 10 1910.
V . 85, p. 100; V . 88, p. 946: V . 91, p. 1328.
First m tge. gold ( 5 % ) , a u th .,$ 3 ,500,000 ($1,000); outstanding, $ 2 ,5 4 2 ,
000; dato 1913. E . Bcntloy H am ilton, Peoria, trustee. This m tge. re
places tho old (temporary m tge. ot 1909. V . 98. p. 74.
(17) T opeka Edison Co.
'
O R G A N I Z A T I O N .— On M a r. 1 1910 Illinois Trac. C o. purchased prop
erty. Operates electric-light and steam -heat plant in Topeka, K an. Bonds
au th ., $ 1 ,250,000; out, $835,000; dated 1905, duo Sept. 1 1930; int. ( 5 % ) .
J .-J . at C en t. & C om m . T r . & Sav. Bank, Chicago, trustee. Sinking fund
$ 15,000 per annum, payable D ec. 15. $60,000 havo been retired.
jgsj
(18) Oskaloosa Light & Fuel C o .!3
53
F" O R G A N I Z A T I O N .— Incorp. in M ichigan. C om . stock out, $150,000.
Bonds au th ., $200 ,00 0 ($1,000 & $ 5 0 0 ), c*; o u t., $115 ,00 0, dated 1906, duo
Jan. 1 1921. int. (5 % g.) J. & J. at Heald-Stevens C o ., Grand Rapids.
Michigan Trust C o ., trustee. Red. at any int. date at 105.
(19) Oskaloosa Traction & Light Co.
O R G A N I Z A T I O N .— Incorp. June 2 1902 in Iow a. C om . stock au th.,
$500 ,00 0; o u t., $300 ,00 0.
Bonds au th ., $300 ,00 0 ($1,000). c*; ou t.,
$245 ,00 0, dated 1903 and duo Jan. 1 1923. In t. (5 % g.) J.-J . at U . S.
M tg e . & Trust C o ., N . Y ., trustee. S. F. $ 5,000 ,to bo delivered to trusteo
annually. Red. at 105 on any int. dato.
(20) People’ s Traction Co. — A trolley road.
' Purchased by tho Illinois Traction C o. in M a y 1913.
P" On D ec. 22 1913 shareholders voted to increaso the bonded debt to $ 3 0 0 ,
000 and to make a mtgo. to securo the now bonds. V. 98, p. 74, 156. Tho
stock was increased in Jan. 1914 to $300,000V. 98, p. 156.
M e rg e r.— It was reported lato in 1913 that the Galesburg R y ., L tg. &
Power C o. (see below) had taken over the property. V . 98, p. 155.
O R G A N I Z A T I O N .— Incorporated in Illinois on M a y 23 1901.
ST O C K A N D BO N D S—
D a te .
In te re s t. O u ts ta n d in g .
M a tu r ity .
Stock $300 ,00 0 ($100)______________
_______
$150,000 _ ....................
First mortgage $150,000 g old f 1902
5 g M -S
149,700 M ar. 1 1922
in ($100)________________ c*& r_(In t. at Farmers’ & M ech . Bank, Galesburg.
B onds.— Subt. to call after 10 years at 105. L . A . Townsend is trustee.
$300 havo been retired.
E A R N I N G S .— For cal. year 1912, gross, $14,143; net, S10.859.
R O A D .— Operates 12K miles of track from Galesburg to Abingdon.
Standard gauge. 60-lb. T rail.— V . 96, p. 1425; V. 98, p. 74, 156.
(21) Omaha & L incoln Railway & Light Co.
Purchased in Aug. 1913 by Illinois Traction C o.
O R G A N I Z A T I O N .— -Incorp. in Nebraska in July 1913. Th e Nebraska
R R . C om m , authorized the company to issue $125,000 bonds and $75,000
stock.
ST O C K A N D BONDS—
D a te .
In te re s t. O u ts ta n d in g .
M a t u r it y .
C o m m o n ______________________ ______
___________
$37,500 ____________
Preferred______________________ ______
___________
37,500 .
____ __
B onds................................................. 1913
....................
125,000 .......................
R O A D .— Operates from South Omaha to Papillion, 11.5 miles.— V . 97,
p. 50, 444.
(22) Galesburg R y ., L tg . & Power Co. — Incorp. in III. in tho Interests
ot the Illinois Traction C o. with preliminary capital ot $ 50,000 . Increased
its stock to $350,000 and has arranged to talco over tho Galesburg R y. &
L t. C o. (see under Western R ys. & L t. C o . below); the Galesburg Gas &
Elec. L t. C o ., the Knoxville Elec. L t. & Pow. C o . and the Abingdon L t.
& Power C o . See V . 98, p. 155.
WESTERN RAILWAYS & LIGHT CO.
In N o v . 1913 was taken over by tho Illinois Traction C o ., which owns all
tho common stock. See plan of exchango of stock under “ Illinois Trac
tion C o .” and in V . 97, p. 1426, 1504.
O R G A N I Z A T I O N .— Incorporated M arch 1907 in M aine and owns all the
capital stock of tho following:
Atchison R y. L t. & Power Co
Jefferson C ity L t ., l i t . & Power C o.
Cairo & St. Louis R y . C o.
M ound C ity Light & W ater C o.
Marseilles W ater & Light Co.
Cairo R y. & Light C o.
Central Lighting C o.
Northern Illinois Light & Trac. C o.
Chicago Ottawa & Peoria R y . C o.
Quincy Railway C o.
Citizens’ Ltg. C o. o f La Salle & Peru. W ichita R R . & Light C o.
Galesburg Railway & Light C o.
Western Railways & Light, with the Illinois Traction, will furnish through
service between Chicago and St. Louis when Chicago connection is com
pleted. V . 90, p .2 3 8 .
O u ts ta n d in g . D iv id e n d s .
ST O C K A N D B O N D S—
Rate.
Com m on ($100)____________________________ ______
$4,52 1 ,8 0 0
P ref., $3 ,5 0 0 ,0 0 0 ($100) cum .........................6 Q-J
3,169,000
Seo text.
Debenture bonds__________________________ ______
__________
____________
1.344,735
Stock.— Beforo auth. amount of pref. stock can bo increased, surplus earn
ings abovo expenses and int. for previous year must bo equal to 9 % on all
pref. stock issued and to be issued. V . 90, p. 238.
D iv id e n d s have been paid on pref. sinco organization.
R E P O R T .— O f controlled companies for calendar years. Report for
1912 in V . 96, p. 1223.
[Vol.
ELECTRIC RAILWAYS
28
19 11.
19 10 .
$130,679
919,569
354,703
528,942
33,367
$373,920
925,105
340,659
362,052
27,619
$353 ,19 8
839,956
210,859
2 5 1,878
23,810
1909.
$302,893
781,386
188,857
247,471
27,807
Gross earnings— . . . $2,267,260
T o t. not rev. a ft.ta x ,& c .
$873,001
Interest on bonds & c _ .
$536,399
Preferred dividends---------------160,035
$2,029,355
$773,913
$474:691
142,260
$1,679,701
$620 119
$356 ,48 8
134,700
3 1 ,548,414
$591154
$269:427
116,987
h a rn m g s —
In teru rb a n ............. ............
Street railway....................
G as
- .............
Electric light and power
Steam heat, water, & c _ .
19 12.
X C V III.
Balance, surplus...........
$176,567
$156,962
$128,931
$2o T 7 4 0
During 1912 $321 ,06 0 was expended for m aint., renowals and betterm ’ts.
R O A D .— C ity lines constitute 93.36 miles of track, interurban lines com
prise 103.02 miles; total o f all lines, 196.38 miles of track. C ity lines havo
173 motor and 52 other cars. Interurban lines have 45 motor and 45
other cars. On Dec. 31 1911 companies were supplying 798 arc and 119,367
incandescent lights. 9,725 gas meters were in use. 8 power houses, with
33 generators, total capacity 12,340 k . w.
O F F IC E R S .— Pres., W . B . M cK in ley, Champaign; V .-P res., G eo. F .
Duncan, Portland, M e .; V .-P . and G en. M g r ., II. E . Chubbuck, Peoria,
111.; Sec., E . A . M a c N u tt, M ontreal; T reas., Edward W oodm an, Portland.
M e .; A sst. T reas., W . H . Carnahan, Cham paign.— V. 8 7 , d . 814; V . 90. p.
238; V . 94, p. 280; V . 95, p . 233; V . 9 6 , p. 1223; V . 97, p. 730, 1428, 1505,
1665.
(1) A tc h iso n R a ilw a y , L ig h t & Power C o.
O R G A N I Z A T I O N .— Successor in 1895 of tho Atchison R y . Elec. L . & P .
C o . Controls electric railway, lighting and gas properties of Atchison.
On O ct. 4 1910 shareholders voted to increase stock from $900 ,00 0, o f
which $400,000 was pref., to $ 1 ,500,000, all of one class, and to m ake a m tg.
for $1,5 0 0 ,0 0 0 , of which $750,000 was issued im m ediately, to take up
$400,000 pref. stock, retire prior bonds, and for improvements. & c.
V. 91,
p. 1024, 1094, 1628.
In April 1912, tho rates for lighting having been satisfactorily adjusted
between tho city and tho company, tho proposed bond election for tho erec
tion of a municipal plant was rescinded. V . 9 4 , p. 982.
STO C K A N D BONDS—
D a te .
In te re s t. O u ts ta n d in g .
M a t u r it y .
Stock, $ 1 ,500,000 ($ 10 0 ) ...................................................
(?)
______
First mtgo $ 1 ,5 0 0 ,0 0 0 ------ cp t 1910
5%
$750 ,00 0 N o v
1935
R O A D .— Operates 9.84 miles o f track. 23 cars. Supplies city with
104 arc lights and 135 incandescent lamps; also 14 arcs for commercial
lighting; 2,557 natural gas meters in use.— V . 91, p. 1024, 1094, 1628; V . 94,
p. 982.
(2 ) C airo R ailw ay & L ig h t C o .— A trolley road.
O R G A N I Z A T I O N .— Incorporated on O ct. 5 1908 in M aino to tako over
the properties o f tho Cairo Elec. & Trac. C o. and tho Cairo C ity Gas C o . V.
8 8 , p. 293, 374.
Tho Cairo Elec. & Trac. was a consolidation of the E gypt
Electric C o. and the Cairo Elec. Light & Bower C < .
S T O C K A N D B O N D S—
D a te . In te re s t. O u ts ta n d in g .
M a tu r ity .
Stock, $1,00 0 ,0 0 0 ($1 0 0 )_____ All owned by Western Rys. & Light C o.
Cairo R y & Lt M $ 1 .000,0 0 0 g n tf 1908 5 g J-D
$775,000 Doc 1 1938
C E & T 1st M , $ 1 50 ,00 0, g n tf I 1903 5 g J -D
150,000 Juno 1 1923
($500 and $ 1 ,0 0 0 )________ ciitfl Int. at Central Trust C o ., Chic, Trusteo.
Cairo C ity Gas Co $75,000 gold 1903
5 g J -D
75,000 Juno 1 1923
B onds.— C . E . & T . bonds subj. to call on any int. date aft. 10 yrs. at 105.
R O A D .— Operates 9 miles of track in Cairo, togethor with tho eloctric
lighting and power plant. 24 cars. Furnishes city with 119 arc and 196
ncandescent lights; also supplies 40 commercial arcs.— V . 8 8 , p . 293, 374.
(3) C airo & S t. L o u is R y.
O R G A N I Z A T I O N .— Incorporated in Illinois O ct. 1908 to construct a
line from Cairo to East St. Louis. Has a 50-year fra n c h is e in Cairo, M ound
C ity and M oun ds.
STOCK A N D BONDS—
D a te .
In te re s t.
O u ts ta n d in g .
M a t u r it y .
________
$100 ,00 0 .......................
Stock, $ 1 0 0 ,0 0 0 .......................................First m tge, $250 ,00 0, g -.c & r j 1908
5 g M -N
250,000 N o v l 1938
jP o rtrd (M o .)T r .C o .,Trus.,& F .D .L tm t,P ortl’d
B o nds.— Coupon bonds are in $ 1,000 pieces and registered in any desired
am ount. In t. at Portland (M e.) T r . C o. N o s. f. and not subject to call.
R O A D .— 11.37 miles of track completed and in operation; 8 cars.— V .
8 8 , p. 293.
(4) G a le s b u rg R ailw ay & L ig h t .
In Jan. 1914 it was reported that the Galesburg R y ., L tg . & Power C o.
had arranged to take over tho property.
V . 98, p. 155. See tho latter
under Illinois Traction.
O R G A N I Z A T I O N .—-Incorporated in M aino In 1904, and Is a consolida
tion of tho Galosburg Electric M otor & Power C o. and tho Galesburg Gas &
Elec. Light C o. Franchises expire in 1920. In 1910 a now gas fra n c h is e
was granted for 30 years.
STOCK A N D BON DS—
D a te .
In te re s t.
O u ts ta n d in g .
M a t u r it y .
Stock, $1,500,000 ($ 10 0 ) _________________________
$ 1 , 0 0 0 ,0 0 0 ------------------New mortgago, $1,500,000.1 1904
5 g J-J
1.150,000 July 1 1934
gold ($1 ,0 0 0 )________ c c p t lln t . at Portland T r . C o ., Portl’d, M o ., Trus.
Galosburg Gas & Elec Lt firstf 1899
5 g A -O
350,000 April 1 1919
m tge,$350,0 0 0 ($ l,0 0 0 )c c p t lln t . at Portland T r . C o ., Portl’d , M o ., Trus.
B o nds.— Tho now $1,500,000 issue is subject to call on any int. date at
105 and int; no sinking fund; $350,000 is rosorvod for tho prior liens.
R O A D .— Has 17.57 miles of track. 41 cars. Owns powor-house, gen
erating current for both the streot railway and electric-light plant, and also
does steam heating. Supplios 200 commercial cars. 4,4 8 8 gas motors in
use.— V. 78, p. 2384.
(5) Q u in cy R ailw ay C o.
O R G A N I Z A T I O N .— Incorp. in Illinois In 1912 as successor to tho Quincy
Horse R y. & Carrying C o.
V. 94, p. 1628.
Does entire (electric) street railway business in Quincy. I rlncipal f r a n
chise is unlimited, granted In 1865. and exclusively for 50 years. Other
fra n c h is e s mature from 1922 to 1937.
STO C K A N D BON DS—
D a te .
In te re s t.
O u ts ta n d in g .
M a tu r ity .
Stock, $ 1 ,0 0 0 ,0 0 0 ................................. ..................... ..
„ < ? > - - - - - - ...............
Bonds, $ 1 ,0 0 0 .0 0 0 ..............c p t 1912
5%
$935,000 l o b . 1 1932
• R O A D .— Operates 18.45 milos of track; 51 cars.— V . 9 4 , p. 1628.
(6 ) W ic h ita R ailroad & L ig h t.— Trolley.
O R G A N I Z A T I O N .— Chartered M a y 1 1900 for 30 years. Street rail
way fra n c h is e expires 1933, lighting in 1919. In 1910 entered into a con
tract, extending for 20 years, for purchase of power from Kansas Gas & Elec.
C o. On Sept. 29 1911 incroasod auth. stock from $300 ,00 0 to $1,5 0 0 ,0 0 0 .
On Oct. 24 1911 Public Utilities C om m , granted authority to issuo $ 1 6 5 ,0 0 0
bonds.
V . 93, p. 1192.
ST O C K A N D B O N D S—
D a le .
In te re s t.
O u ts ta n d in g .
M a tu r ity
Stock, $1,500,000 ($100)__________ ___________ _
*3 0 0 ,0 0 0 . . . . .
First
mortgage,
$300,0001 1900
5 K A -O
300,000
Oct 1919
($1,000), gold_______c .c p t l l n t . at Portland T r. C o ., Portl d, M o ., Trus.
New m tge.,$ 1 ,500,000,goldcpt 1907
5 g A -O
1,031,000 Oct 1 1932
B o nds.— 1st M . bonds aro subject to call at 105 on 6 m onths’ notice.
R O A D .— Owns 32 miles of trolley track In W ichita, K a n ., including
double-track bridge over tho Arkansas River and extensions to Wonderland
Park and Fair Grounds; 75 cars.— V . 93, p. 941, 1192.
(7) C h ica g o O tta w a & Peoria R ailw ay C o.
O R G A N I Z A T I O N .— Bought outright in 1909 tho Illinois Valley R y.
Operates largely on privato right of w ay. F ranchises in various towns
mature mostly after 1950.
STOCK A N D BON DS—
D a le .
In te re s t.
O u ts ta n d in g .
M a t u r it y .
Stock___________________________ All owned by Western R ys. & Light C o.
First cons and ref mtge, g u a r,/ 1907
5 g J-D
$ 2 ,723,000 Dec 1 1938
$5,000,000 ( $ 1 ,0 0 0 ) ...cp tlC o n tra l Trust C o. of Illinois, Trustee.
Gen mtgo, $ 1 ,5 0 0 ,0 0 0 guar, gd
I 1910 6 g J -D
Seo text
Dec 1 1 9 3 8
($l,00 0)su b .to call at p a rccp t*Tnt. at M erchants’ B k of Canada, N . Y .
Illinois Val 1st M , $ 2 ,0 0 0 ,0 0 0 / 1905
5 g M -S
1,304.000 Sept 1 1935
g ($500& $ 1 ,0 0 0 ).guarc c p t lln t . at Irving N a t. B ank, N . Y . C ity.
B onds.— C h. O tt. & Peo. 1st M . bonds aro guar., p. & i., by Western R ys.
& L t. C o. $1,500,000 are reserved for prior liens. They aro subject to call
on any int. day on 30 days’ notice at 105.
Int. at M erchants’ Bank of Can
ada in N . Y . C ity.
Illinois Valley bonds havo a s in k in g f u n d of 1 )4 % per
annum of amount, out; m tge. was originally $ 2 ,0 0 0 ,0 0 0 , but on merger with
S a r ^ entersville
T o B elvid ere—
Clarks
C O N N E C T IN G W I T H
R ockport, Freeport,
Beloit an d Ja n es v ille
Y 0 Gilberts
AURO
A \ I
Almora
ELGIN
Schaumberg
Des Plaines
Spaulding-
S . ELGIN
;n t o n v i l l e
Youngsdale'p
o M unger
Icnsenville
E L E C T R IC R A IL W A Y S
WAYNE
W asco o
Addison
ST. CHARLES
in g a l t .
G EN EV A
& v,< ////>
W HEATON
Hillside o
BATAVIA
W arrenhurst/
Baldmound
^ V
WARRENV1LLE
N. AURORA
Hinsdale i
EOLA JCT.
J
MV. c a r m e l J % * ^
CEMETERY W Z & fi OAKRIDGE
\
j
CEMETERY
)
o
!
^ S T A T IO N
o
La Grange
Puffin °
NAPERVILLE
Summit
MONTGOMERY
J a n ., 1914. j
R. R. PARK
Worth, o
W o lfsR lj.
Lem ont
YO R KVILLE
Normantpwn \ °^
Blue Island o
30
ELECTRIC RAILWAYS
fVOL.
X C V III.
Chic. O tt. & Peoria the $500,000 unissued was canceled; $231,000 have
, J ? £ ndS’7 ^ .°nA he i st
.bo!ldf? a s in * - f u n d is provided, operative July 1
since been retired. Bonds are guar., p. & i., by Western lly s . & L t.
1900, of 1 % of bonds ou t, to be invested in bonds drawn bv lot at 10714 and1
Portland (M o.) Trust C o . is trustee. Are subject to call at 105. Gen.
Int., if not obtainable at lower figure In open market; $ 4 5 ,0 0 0 have been
m tge. is guar., p. & i., by W estern R ys. & L t. C o . $768,000 were Issued,
canceled. O f the ref. and ext. m tge. bonds, $380,000 are to retire nrinr
but have been cancoled.
liens, $ 1 ,115,000 for additions and impts. under carefully guarded restric
tions. Sink, fund operative April 1907 of 1 % of bonds i s s u e d fw n u ^ i a £
E A R N I N G S .— For calendar year 1912, gross, $373,874; net. $118 ,35 2.
ot bonds at 10714 and in t., i f obtainable; otherwise, such investments as
In 1911, gross, $319,380; net, $64,519 .
trustee deems proper. V . 8 8 , p. 1252. $19,000 have been retired.
R O A D .— Operates from Princeton, 111., via Peru, La Salle, U tica, O t
R O A D .— Operates 19.31 miles of track and 46 cars.
tawa, Marseilles. Seneca and Morris to Joliet, about 107 m ., with branches
from Spring Valley to Ladd and from Ottawa to Streator, 16 m .; total,
E A R N I N G S .— For 12 m os. ending D ec. 31 1910 (incl. gas business)
about 123 m . Road from Morris to Joliet was placed in operation in D ec. gross. $290,799; net. $130,581; int. and sk. fd ., $42,213; surplus $88
1911; 85 cars.— V . 87, p . 812; V . 92. p. 1374; V . 97, p . 5 20, 594.
in 1909. gross, $268,032: net, $121,027; in t., $ 35,275 ; stir!, $85 752 ’
(8) N o rth ern Illin o is L ig h t & T r a c tio n C o .— A trolley road.
I N D E X .— V . 8 3 , p . 890: V . 8 8 . p. 252; V . 9 1 . p. 1511.
O R G A N I Z A T I O N .— Incorporated in Illinois and was successor in July
1903
to the Ottawa R y ., Light & Power C o ., sold under foreclosure. F r a n PIEDMONT TR A CTIO N CO.
chise perpetual for lighting and until March 1924 for railway. Has contract
Is controlled by Southern Power C o. interests .and is one o f the D uke
for city lighting. Western R ys. & Light C o . owns all the stock.
traction lines in North and South Carolina.
Upon completion o f its line
In Sept. 1913 Increased cap. stock from $250,000 to $750 ,00 0. V . 97,
and the line of the Greenville Spartanburg & Anderson Ity ., it is proposed
p. 729.
to merge both cos. into one company— the Piedmont & Northern Ry
STOCK AN D BON DS—
D a te .
In te re s t.
O u ts ta n d in g . M a t u r it y .
It was reported in N o v . 1913 that the 55,0 0 0 ,0 0 0 capital stock of the
Stock, $750,000 ($100)_______ ______
______
$250,000 ............. ..
P ie d m o n t & N o rth e rn R y. was to be increased to $15,000 ,000 ; this would
First m tge, $1,2 0 0 ,0 0 0 , gold/ 1903
5 g J-J
*607,000 July 1 1923 suggest that the new company had been formed as explained above, but
($500 and $ l ,0 0 0 ) --c * _ c p t \ l n t . at American T r. C o ., Boston, Trustee. no information has been received. V . 97, p. 1584.
*A11 but $265,000 of these bonds are guar., p. & I., by endorsement, bv
O R G A N I Z A T I O N .— Incorp. in North Carolina. A u th. stock, $ 1 ,5 0 0 ,
Western R ys. & Light C o.
000. Has 60-year fra n c h is e in Charlotte.
B o nds.— N o sinking fund and bonds cannot be called. Remaining bonds
are for additions, extensions and new properties.
R O A D .— Is constructing about 37 miles of road between Charlotte and
R O A D A N D P L A N T .— Operates 6.5 miles of line, covering the principal, Kings M ountain, passing through M ount H olly, Lowell and G astonia.
streets of Ottawa, and also runs out of the city to Ellis Park, a pleasure About 24 miles com pleted, which were placed In operation during 1912.
Contemplates building an extension from Anderson to A tlan ta, G a.
resort on the Illinois River. Also has extensions from Ottawa to Chautau
O F F IC E R S .— Pres., J. B . D uke, N . Y . ; V .-P ., W . S Lee. Charlotte;
qua Park. Equipment, 8 motor and 3 other cars. Has both steam and
water-power plants for generating power, which can be operated independ T reas., E . Thom ason, C harlotte.— V . 92, p. 1500; V . 97, p . 1584.
ently if necessary. Is supplying 167 enclosed arc lights under city contract
and 107 for commercial lighting.
CHICAGO, ILL.
E A R N I N G S .— For calendar year 1912, gross, $189,020; net, $90,485.
AURORA ELGIN & CH ICAGO RR.— Third-rail electric (s e e M a p on
In 1911, gross, $121,593: net, $61,567.
V . 97, p. 729.
page 2 9 ).
(9) C e n tra l L ig h tin g C o.
O R G A N I Z A T I O N .— Is a consolidation in April 1906 of the Aurora Elgin
O R G A N I Z A T I O N . & C .— Stock auth. and out, $100,000 ($100); all
& Chicago R a ilw a y , the Elgin Aurora & Southern Traction C o. and the
owned by Western R ys. & Light C o. C oll, trust bonds auth. and out,
Cook
County & Southern R R .
V . 82, p. 279, 691, 1155. Chartered in
$250,000 gold ($1,000) n t f.
Dato 1902, duo July 1 1922.
In t. (5 g
Illinois under law applying to steam railroads. Pros. L . J. W olf, in a letter
J .-J .) payable at Portland Trust C o .. Portland, M e ., trustee.
dated M ay 20 1909 (V . 8 8 , p. 1 6 1 8 ),stated that system is "in the main on
(10) M arseilles W a te r & L ig h t C o.
private right of way or protected by 50-year fra n c h is e s or grants without
V . 83,
O R G A N I Z A T I O N , & C .— Incorp. in Illinois in 1910 as successor o f Cons. lim it.’’ Does freight and express as well as passenger business.
Has exclusive contract with tho M etropolitan W est Side Elevated
W ater & L t. C o. Stock out, $52,000. M a r. W .& L t. bonds, (ntf) $25,500 p. 490.
to operate over its tracks.
5s, due April 1924. Consol W a te r& L t.b o n d s (n tf),$ 3 0 ,0 0 0 5s, duo D ec. 1925.
Stockholders voted O ct. 18 1910 to purchase tho Chic. Wheaton & W e s t
(11) J efferso n C ity L ig h t. H ea t & Power C o.
ern R y .. which runs from W est Chic, to Geneva, abt lOm iles. V . 9 1 , p . 5 1 7 .
O R G A N I Z A T I O N , & c.— Supplies gas and electricity to Jefferson C ity ,
STOCK A N D BONDS—
D a te .
In te re s t. O u ls l'd 'g . D iv .A d u e d a le .
M o ., and furnishes current for operation of the street railway. Has Com m on. $ 3,10 ,000 ($ 1 0 0 )...............
Q-J
$3,100,000 Jan ’ 14, M %
$200,000 5 % bonds outstanding, c p t due M a y 1925.
Pref $ 3,100,000($100) 6 % c u m ____
Q-J
3,100,000 Jan ’ 14. i y .
On N o v . 25 1913 received permission from the Missouri P . S. C om m , to First and refunding m ortgage! 1906
5 g J-J
3,079,000 July 1 19 4 6
issue $200,000 pref. stock and $200,000 bonds for the purchase of the stock
$15,000,000, gold ($1,000) Int. at C it. Sav. & T r. C o ., C levc.. and also
of the Jefferson C ity Bridge & Transit C o . See V . 9 7 , p . 1666.
Seo text___________c * & r* tf I in N . Y . Trustee, North. T r. C o ., Chic.
A E & O Ry first m ortgage/ 1901 5 g A-O 15
2,850.000 Apr 15 1941
$3,000,000 ($1,000), gold! Am er. T r. & Sav. Bank, Chicago, Trustee.
CHARLESTON, S. C.
cannot be called________ t f (Interest payable in Chicago and New Y o rk.
C H A R L E S T O N C O N S O L ID A T E D R A I L W A Y & L I G H T I N G C O . Elgin Aurora & Southern first f 1901
5 g J-D
2,000,000 June 1-1916
O R G A N I Z A T I O N .— Incorporated in South Carolina on April 19 1910.
m tge, $2,000,00 ) ($1,000) { Int. at Am er. Tr. & Sav. Bank, Chicago,
Leases for a period of 99 years from June 21 1910 the Charleston Cons. R y .,
gold, sinking fund____ c * t f l Trustee, and First N a t. B k ., N . Y . C ity.
Stock.— Prof, stock was 5 % cum. until April 1 1909; since 6 % cum.
Gas & Elcc. C o.
Lease guar. 6 % on pref. and 4 % to July 1 1911. 5 % to
Jan. 1 1913 and 6 % thereafter on com . stock; also int. on outstanding
B onds.— O t tho $15,000,000 (originally $ 25,000 ,000 . but reduced in 1910)
bonds of the Char. Cons. R y ., Gas & Elec.
1st & ref'g bonds, $316,000 are in treas., $4,538,000 reserved for prior Hens
Rates.— A s a result of a compromise with the city, cheaper gas, electric and tho balaneo for improvements, extensions and self-supporting acquisi
tions, under rigid restrictions. They are not subject to call now. See V .
light and power rates were put into effect N o v . 1 1912.
V . 95, p. 1206.
STOCK —
P a r. A u th o riz e d . O u ts ta n d in g . D iv id e n d s . 8 8 , p. 1618. On the Aurora Elgin & Chic. R y. a s. f. of $50,000 per annum
began on April 15 1911.
Seo V . 74, p. 726. $150,000 have been retired.
$50 $ 1 ,500,000 $1,5 0 0 ,0 0 0
(?)
C om m on...............
On the Elgin Aurora & South, bonds a s in k in g fu n d Is $17,000 per ann. first
Preferred.................
50
500,000
5 00,000
(?)
5 years and $25,000 ann. thereafter; $ 3 54 ,00 0 nave been purchased and are
O F F IC E R S .— Pros., P . II. Gadsden; V .- P ., W alton Clark; V .-P . & now held in sinking fund.
„
G en. M g r ., G . H . W aring; Sec., W . F . Douthirt: T reas., Lewis Lillie;
D iv id e n d s .— First dividend on pref.— l k % — paid July 1906 (V . 82, p.
Asst. Sec. & T reas., C . M . Benedict.— V . 90, p. 1101; V . 91, p. 214, 1327: 1436), and the same amount quarterly since then up to and Including
V . 95, p. 297, 419, 1206; V. 96, p. 862.
April 1909. July 1909 dividend increased to 1 )4 % and same amount paid
quar. since. On common, first dividend— ■ % % — Oct. 7 1907. In 1908 to
(1) C h a rle sto n C o n so lid a ted R y ., G a s & Electric C o.
In 1913, Jan., % % ; April, % % ; July, H % : O c t . ,
O R G A N I Z A T I O N .— Organized Feb. 21 1899 as a consolidation of the 1912, incl., 3 % yearly.
Charleston C ity R y . and Charleston & Seashore R R . under Special A ct of Y i% . In 1914, Jan ., H % R E P O R T .— For year ending June 30 1913 in V . 97. p. 1580.
So. C ar. Legislature, granting perpetual charter and gas & elec, light powers.
Y e a r e n d in g
Oross
N e t (a fte r Other In te re s t D iv id e n d s B a lance ,
In O ct. 1912 sold to James Sottiie the Seashore division, incl. wharf prop
Ju n e 30—
E a rn in a s .
Taxes). Incom e. P a id .
(9 % ).
S u rp lu s .
erties, ferryboats, the railroad line from M t . Pleasant to the Isle of Palms,
1912 -1 3 _________ $2,013,030 $774,388 $1,814 $395,223 $279,000 $101,979
with its equipment, and the power house on Sullivan Island. Sale was auth.
98,329
by an A ct of the Legislature approved Feb. 12 1913 and formal transfer 1 9 1 1 -1 2 _________ 1,892,388 755,216 8 ,240 386.127 279,000
was made M a r. 15 1913. V . 96 , p . 862. See Charleston Isle o f Palms
R O A D .— Operates from Fifth Avenuo station in the C ity of Chicago, over
Traction C o. below.
tracks of the Metropolitan W est Side Elevated road; thonco on Its own line
F ranchises are perpetual. Also owns the capital stock of the Charleston to W heaton, with lines from W heaton to Elgin, Batavia and Aurora; also
Gas Light C o. ($698,150) and the Charleston-Edison Light & Power C o. from Elgin to Carpentersville, Dundee, St. Charles Genova, Yorkvllle and
($ 100,000 ), and thus controls the whole field o f light and transportation Bristol, and a line from W heaton through W est Chicago to Geneva. Total
In Charleston. V . 92, p. 880.
single track, 166 miles. Third rail, standard 9 ,1 0 0 lbs.; track rails, 80 lbs.;
interurban and city lines, 60-95-lb. T and girder rails; 1 1 4 passongor cars;
ST O C K A N D BONDS—
D a le .
In te re s t. O u ts ta n d in g .
M a tu r ity
2 express cars; 6 snow-plows and sweepers; 5 other cars; total cars, 127.
Q-J
Stock, com , $ 2,500,000 ($50)_______
$2,4 0 7 ,0 0 0
See text.
Pref 6 % cum, $500,000 ( $ 5 0 ) . ____
Q-J
500,060
See text.
O F F IC E R S .— Pres., L . J. W o lf, Cleveland; V .-P ., M . J. Mandolbaum;
Charleston C ity first m tgel 1898
5 g J-J
_
745,000 Jan
1 1923 V .-P . and Gen. M g r ., Edwin C . Faber, W heaton. 111.; Sec. and T reas.,
($ 1 ,0 0 0 ), $850,000 g o ld c tf/T a x free. In t. at M erc. T r. & S. D . C o ..B a it. IT. C . Lang, Cleveland; A sst. Sec. and T reas., A . Born. Exocutivo offices.
Consol m tge, gold, $2,500,-1 1899
5 g M -S
1,755,000 M ar 1 1999 New England B ld g., Cleveland, Ohio.— V . 8 8 , p. 1618; V . 89, p. 1480, 1595;
0 00, coupon ( $ 1 ,0 0 0 ) - - * tf/In tere st at Baltimore Trust C o ., Trustee. V . 90, p. 302; V . 91, p. 517, 1005; V . 92, p. 1563; V . 9 3 , p . 1105, 1530;
Holders can also collect coupons at Carolina Savings Bank and Peoplo’s V . 95, p. 817, 1201; V. 97, p. 7 2 7 , 1580.
National Bank, Charleston, if presented before the 10th o f the montn.
B onds.— O f the consolidated 5s, $745,000 are reserved to retire a like
CHICAGO C IT Y & CONNECTING R Y S .— A collateral trust.
amount of C ity R y . first 5s.
Formed in 1910 under a trust agreement, to tako over tho stock of the
D iv id e n d s .— See dividends guaranteed under lease above.
Chicago
C ity Ity., together with tho securities of tho Calumet & South
R O A D , & c.— Owns 31 miles of electric road in Charleston. The com
pany has consolidated its two power stations; both railway and light and Chicago R y ., the Southern Street Railway, the Hammond Whiting & East
Chicago
R
y. and tho Chicago & Western. These propert es comprise ap
power divisions are being operated from same stations.
proximately 458.45 miles o f street railway in southern division of Chicago
O F F IC E R S .— Pres., Philip II. Gadsden: Sec., C has. J. B endt, both of and vicinity. See outline of plan in V. 90, p. 558, 625.
rho trustees aro
Charleston; Cashier, W . B . Glenn. Offices, N o . 141 Meoting S t., Charles, E . II. G ary, A . J. Earling and S. M . Felton.
t
„
ton.
V . 88 . p. 504: V . 90 . p. 1101, 1169; V . 92, p. 593, 880; V. 95. p. 1122.
Favorable D e c is io n .— A s to decision of 111. Suprome Court In suit of Clar
ence I I . Venner, affirming that of the Superior Court of Cook County,
C H A R L E S T O N -IS L E O F P A LM S T R A C T IO N C O .
which held valid the agreement creating the Chicago C ity & Conn. R ys.
O R G A N I Z A T I O N .— Incorp. in S . C . Jan. 9 1913 with auth. capital o* coll, trust, seo V . 96, p. 1364.
$1,00 0 ,0 0 0 , to build railroads, steam or electric, street railways, & c.,
S T O C K A N D B O N D S — D a te . In te re s t.
O u ts ta n d in g .
M a tu r ity .
operate steamboats, and to tako over what was formerly the Soashoro Com part certs 150,000 shares.............
s-a
150,000 shs.
Seo text.
division of the Charleston Consol. R y ., Gas & E l. C o. Also does electric Pref part certs 250,000 s h a r o s .____
s-a
250,000 shs. J a n ’ 14,$2.25
lighting business. Plans call for building from M t . Pleasant to M cClellan- Coll trust mtge $22,000,0001 1910 5 A -O
$22,000,000
Jan 1 1927
ville, 36 miles.
gold sinking fund c * & r * t f /I n t . at 1st T r.& S .B .C h ic., T rus., or In N .Y .
R O A D , & c.— Owns 10 miles from M t . Pleasant (connecting by ferry with
P a rtic ip a tio n C e rtific a te s .— Preferred partic pation sharos have no par
Charleston) to Sullivan’s Island and Isle of Palms, a pleasuro resort on value but are entitled to preferential cum. divs. aggregating $4.50; afso,
the Atlantic Coast, incl. land at Isle of Palms, ferry, power house on after com. partic. shares shall have received $4 In any year ,tlio remaining
Sullivan’s Island, & c. Owns and operates 19 pass, and 3 freight cars and surplus, not exceeding in any year $1,0 0 0 ,0 0 0 , shall bo paid ratably, $4 to
2 ferry boats.
pref. and % to com ., but in no case will the pref. certs, bo entitled to more
O F F IC E R S .— Pros., James Sottiie; Chief E n g ., W . W . Fuller; Charles than $7 each per annum; also have preference upon distribution o f trust
ton.— V . 96. p . 201, 8 6 2 ._________ _
fund to the amount of $100 each and accumulated dividends.
B onds.— Coupon bonds in denom. of $1,000; registered bonds $1,000 or
multiples. A sink, fund provides for redemption, begin. M arch 1 1915 ,of
CHARLOTTE, N. C.
$105,000
of bonds p. a ., they being redeem, for the s. f ., or as a whole ,at
C H A R L O T T E E L E C T R IC R A I L W A Y C O .— A trolley road.
105 and int. In case of purchase o f property of the Chicago C ity R y . by
O R G A N I Z A T I O N .— On Jan. 1 1911 the Southern Power C o. took pos C ity of Chicago, or termination of trust agreement o f Jan. 1 1910, then
session of the Charlotte Elec. R y ., L t. & Pow. C o. V . 91, p. 1511. The bonds are redeemable at par and accrued interest. Seo V . 90, p. 558, 625.
latter company changed its name to the above title and the gas business was Bonds are listed on N . Y . Stock Exchange. V . 94, p. 1118.
transferred to the Charlotte Gas & Elec. C o. and the electric light and power
business to the Charlotte Power C o. Thp bonds in the table below were
Stocks a n d Bonds D e posited to Secure the C o ll. T r . Bonds ( J a n . 1914).
issued by the Charlotte Elec. R y ., L t. & Pow. C o ., and therefore cover tho
Stocks ( p a r ).
a B onds ( p a r ).
railway, electric and gas properties. The Char. Electric R y ., L t. & Pow. Chic. C ity R y ., value $200 per $ 1 0 0 sh .$16,971,900 None
C o. was a consolidation In Jan. 1896 of ail the electric lighting and street Calumet & South Chicago R y ________ 10,000,000
__________
railway interests of Charlotte. Afterward merged tho Charlotte Gas Light Southern Street R y .......... ...............
*2,400,000
________
C o. Street railway, gas, electric lighting and power fra n c h is e s are unlimited Hammond Whiting & East Chic. R y .- *1,000,000 * 1 , 0 0 0 ,0 0 0 now 1st 5s
as to time.
Chicago & W estern..............................
*72,000
*74,000
STOCK AN D B ON DS—
D a te .
In te re s t. O u ts ta n d in g .
M a tu r ity .
S to c k ip a r $
5
0
)
.
....
.......
$200,000
T o t a l ........ .................................................... $30,443 ,900 $1,074,000
Char Elec R y , L & P 1st M
1899
5 g J-J
355,000 July 1 1929
* Entire issue.
$500 ,00 0, g ($1,000), s f .c * Int. at M erc. T r. & D ep . C o ., B a lt., Trustee.
a Under provisions of the trust mortgago these respective issues of bonds
Char Elec R y, L & P ref Sc est 1906
5 A -O
486,000 April 1 1936 each as an entirety m ay be converted into capital stock of the respective
M $ 2 ,0 0 0 ,0 0 0 g ( $ l,0 0 0 ) .c * In t. at M erc. T r . & D ep. C o ., B a lt., Trustee. companies to an equal amount.
Jan., 1914.
ELECTRIC RAILWAYS
31
D iv id e n d s .— On pref. part. ctfs. 32.25 per sh. has been paid sem l-an, R y. by establishing four transfer zones is provided, but in three o f these
slnco Juno 1910 to and Incl. Jan. 1914. On com . part. ctfs. 31 per sh. has zones free transfers cannot be compelled unless net earnings for preceding
been paid semi-ann. since Juno 1910 to and Incl. July 1912. Jan.and July year were equal to 5 % on the investm ent and the com pany's share o f the
1913 dividends passed. None paid since.
net earnings amounts to 1 % additional. C ity m ay purchase property on
R E P O R T .— For calendar years:
Fpo- 1 cr A ug. 1 of any year upon six m onths’ notice for present value,
----------------In co m e -----------------B ond
Gen.
D ie s , on
S u rp .
wi
3 5 ,0 0 0 ,0 0 0 , plus amounts expended for improvements,
additions and extensions, but only for municipal operation, where purchase
C a lend ar
D iv s .
In t.
Gross.
In te re s t. E x p . P a rt.S h a re s . I n c .
is made prior to Feb. l 1927.
W ith an addition o f 2 0 % in price, city m ay
$
S
S
s
S
S
S
1912
. . -.2 ,3 6 4 ,1 8 1 7 3,069 2 ,437,250 1,100,000 51,007 1,275,000 11,243 also purchase for the purpose o f turning property over to other parties (u
purchased for Chicago C ity R y . only 1 2 % additional need be paid ), but
1911
2,5 3 7 ,9 6 8 74,704 2 ,612,672 1,100,000 48,762 1,425,000 38,910
B O A R D O F D IR E C T O R S .— Chairman, Ira M . Cobo; James B . Fortran, this additional sum need not be paid where these other parties agree to pay
John J. M itchell, Samuel Insull, John A . Spoor, Edward M orris, Harrison ov®r to the city ad o f the profits above 5 % on the purchase price. V . 86,
B . Riley, E . K . Boisot and L . A . B usby.
was $9 192 583 * 31 1913 certlfied value of property and additions thereto
O F F IC E R S .— Sec. & T reas., W . W . Crawford.— V . 90, p. 53, 108, 558,
O perating A g reem ent w ith Chicago C ity R a ilw a y C o.— On June 29 1908 C hi
625, 848, 1675: V . 91, p. 1629, 1710: V . 93. p. 345: V . 94. p. 349, 1118;
cago
c i t y Council approved agreement by which Chicago C ity R y . agrees to
1683, 1744; V . 96, p. 419, 1555, 1772.
(1) C h ica g o C ity R a ilw a y .— An electric road.
U n ifie d O pe ra tio n o f S urface L in e s .— See Chic. R ys.
O R G A N I Z A T I O N .— Incorporated in Feb. 1859, and has extensive sur ? ^
beti £ ,d bA
V b*Sth companies in proportion to gross receipts o f each,
face road privileges in the south division o f Chicago. In Juno 1908 entered with certain exceptions. In addition, Calum et & South Chicago R y .
into a contract with the Commonwealth-Edison C o ., by which the Chicago will pay Chicago (. lty R y . y o f the actual saving in oper. exp. resulting
C ity R y. agrees to buy all of its electric power from that company until S e e 'V 'o ? 1 pP^>24 ° n ' SUCb sav*ng to be determined by a board o f engineers.
Juno 1918. Th e railway lias abandoned its producing plants but retains
its distributing plants. V. 87, p. 1010.
nnnnnn?«rnm _
D a le '
In te re ^ O u ts ta n d in g .
M a t u r it y .
N e w O rdinance s a n d F ra n c h is e s.— On Feb. 4 1907 the C ity Council passed o f
ordinances providing for a settlement o f the franchise question. These First
rehabilitation j 1908
5 g F -A
4 ,8 2 5 ,0 0 0 F 'e 'b 'l '1927
ordinances were approved at the city election on April 2 1907 and formally
($1,000) gold, no s f c * & r t flln t . at First T r. & Sav. B k ., C h ic ., Trustee,
accepted by the com pany’s board of directors on April 15 1007. Suit to it
^ 10 issue o f 1st m tge. bonds is indeterminate, amount to be
set asido franchise was dismissed in April 1912. V . 94, p. 1118. An ex limited to amount of new work done on property. T h ey aro subject to
tended outline of these ordinances, one to the Chicago C ity Railway C o ., call at any int. date before July 1 1912 at 105 and in t.; thereafter only in
and covering the lines operated by that com pany, and the other to the Chi case city shall purchase property at par and int. on any int. date. N o s. fd .
cago R ys. C o ., and covering the lines of the former Chicago Union Traction
E A R N I N G S .— For year end. Jan. 31 1913 (joint partnership accou n t),
C o. (now the Chicago Railways C o .), was given in V . 84, p. 1123. Tho value
o f tho tangible and intangible property of tho Chicago C ity R y . at date of gross, $1,13S ,353 ; net, after taxes, $388 ,29 3; int. on invest., $450,373; def.
the ordinances was fixed at 3 2 1 ,000 ,000 . The city or any company au due co. from net o f succeeding year, $ 62,080 . For year end. Jan. 31 1913
thorized by it is given tho right on Feb. 1 or A ug. 1 of any year, on six (individual account), int. on cap ., $450,373; other income, $23,244 ; int. on
m onths’ notice, to purchase tho entiro property o f tho two systems, or cither bonds, $204 ,68 3; surplus, $268 ,93 4.
of them, at their valuo at date of ordinance, plus “ the cost of rehabilitation
R O A D .— Owns and oper. 112.19 miles of track reaching South Chicago.
and extensions, including fair allowances for construction, profit and Pullman, W est Pullman, Auburn Park, Burnside and M anhattan Beach.
brokerage".
But if tho properties are acquired for operation by a pri Also extends from Jackson Park to 106th St. and the Indiana State line,
vate corporation, for its own profit, tho purchase price is to bo increased along Lako shore and both sides o f Calum et River. 70, 75, 83 and 85-lb.rails.
2 0 % — barring the case of a private company which might bo willing to
O F F IC E R S .— Pres., L . A . B usbv; V .-P ., W . W . Crwaford; See. & T reas.,
turn over to the city all profits above 5 % on tho cost of tho investment.
^conxptmles are limited during tlioir operation to an interest return F . D . H offman; A u d .. AV. AV. H ill.— V .9 0 , p. 53. 1014, 1483; Ar. 91, p .
1628,
1710; V . 92, p. 794, 880, 1026; V . 9 3 , p. 345, 666, 1599; V . 94, p . 6 29,
of 5 % upon tho agreed value plus the cost of rehabilitation and exten 1311; V
. 96. p . 1088, 1420, 1627.
sions. All not profits above this are to be divided on tho basis of 5 5 %
to the city and 4 o % to tho companies, but a doficit in any year is to be
(3)
Southern
Street Railway Co.— A trolley road.
mado good out of the profits o f subsequent years. After April 15 1910 the
O R G A N I Z A T I O N .— Incorporated in Illinois as a reorganization o f the
companies aro required to set asido 6 % o f tho gross recoipts for maintenance
Chicago
General
R
y ., which was bid in at foreclsoure sale on Scot. 30 1907
and repairs and an additional 8 % of tho gross receipts to cover renowals
1
and depreciation. W hatever portion of tho two funds is not used remains by the Southern Street Railway C o . V . 85. p. 863
In D ec. 1910 increased stock from $800 ,00 0 to $ 2 ,4 0 0 ,0 0 0 , increase being
in tho funds and passes to tho city or its licensoo upon purchase. B ut if
g
tho two funds aro not sufficient for tho purposes named, the companies used to retire tho $ 1 ,6 0 0 ,0 0 0 1st M . 5s. V . 91, p. 1631 1712
O pe ra tin g Agreem ent w ith Chicago C ity R y. C o.— On April ’ l 1909 the
aro obligated to supply additional funds.
Froo transfers aro roquirod over all connecting lines within the city limits ordinanco by which the Chic. C ity R y . operates the property wont into ef
covered by the Chicago Railways Com pany, tho Chicago C ity Railway fect when the C ity C om pany took possession and began operating with 25
and tlio Southern Street Railway (except territory bounded by Twelfth new cars, retiring an equal number o f old ones. T h e $ 800 ,00 0 1st 5s o f 1904
Street, south and main branchos of Chicago River and Lako Michigan, were ail retired and trust deed released. The new bonds issued to provide
until subways aro in operation, when transfers will bo given at all inter for rehabilitation requirements and for refunding o f old lsts have also since
Chicago C ity R y. operates tho property and the income
sections In tho subways), provided tho passonger has paid a fivc-cont been retired.
fare and is traveling in any one goneral direction.
Certain extensions therefrom (after allowing 5 % return on the investment) is divided between
aro provided, and tho Chicago C ity Com pany agreed to construct in ad the city and the Southern company under the terms o f the ordinance as in
dition the equivalent of eight rnilos of singlo track and tho Chicago Rail V . 8 8 , p. 1003, 5 5 % going to the city and 4 5 % to tho Southern.
ways system tho equivalent of twelve miles of single track, in each year
ST O C K —
D a te .
In te re s t. O u ts ta n d in g .
M a t u r it y .
after the third year. The companies also agreo, upon demand of tho city, Stock, $2,40 0 ,0 0 0 (31 0 0 )..............................................
$ 2 ,4 0 0 ,0 0 0
m u lu r u i>to furnish funds not oxceodlng 35,000,000 in the aggregate for tho construc
Bonds issued under 1st mtge. of 1909 were from time to time canceled
tion of a contral down-town subway to bo built and owned by the city, and stock issued in exchange. N o bonds now out.
two-fifths c f tho cost to bo borne by tho Chicago C ity R v. and threo-fifths
E A R N I N G S .— Included in statement o f Chicago C ity R y .
by tho Chicago Railways. Section 25 of Chicago C ity R v. ordinanco fixes
the capital investment limitation of tho company as follows: “ Tho com
R O A D .— Includpd in Chicago C ity R y.
pany shall not bo required on account of any extensions or subways or on
O
F F IC E R S .— Pres., L . A . B usby: V .- P ., AV. W . Crawford; Sec. & T reas..
account of u ndorground trolloys, or on account of any extensions of its
street railw.j.Ss, other than tho extensions provided for in exhibit ‘A*, and I . D . lloflm an n; A u d ., AV. W . llill.— V . 91, p. 1631, 1712.
in Section 3 6 of this ordinance, and four (4) miles of doublo or eight (8)
(4) Hammond W hiting & East Chicago Railway Co.— A trolley road.
miles of singlo track per annum, as in Section 3 hereof provided, to increase
All securities aro owned by the Chicago C ity & Connecting R ys.
Its total capital investment to such an extent that tho return thereon over
and above the interest charge of 5 % thereon by this ordinanco authorized
O R G A N I Z A T I O N .— Incorporated in Indiana in Jan. 1910 as successor
would bo reduced to an inadequate or unreasonably small amount ”
Hammond W hiting & Last Chicago E le c tric R y. F ra n c h is e expires in
Tho franchises granted by tho ordinances run until Fob 1 1927
The 1954. Power is furnished by the Calum et & South Chicago R y .
city resorvos the right at any time to commuto a sum not exceeding the
/
nnn /ai n n \
D a te .
In te re s t. O u ts ta n d in g . D iv id e n d s .
city’s sharo of tho net recoipts for tho previous year into a reduction o f the a
Stock $ 1 ,000,000 ($100)_______ ______
________
31,00 0 ,0 0 0
.
rates of faro.
First m tge, $5,0 0 0 ,0 0 0 , goldf 1910
5 g F -A
1.000.000 F e b " Y l 9 3 0
C a lum et & South C hicago O perated.— Under an operating agreement en
(81,000) ...................... c&r t f lin t , at First Trust & Sav. B ank, C h ic..T ru st.
tered into In 1908, operates tho Calumet & South Chicago R y. and will also
B o nds.— Subject to call at 105 and int. E . K . Boisot is also trustee.
direct the work o f its rehabilitation.
R O A D .— Owns 26.60 miles of track, extending from State lino between
Southern St. III). O perated.— Under ordinanco which went into force
April 1 1909, onerates tho Southern St. R y. and will carry on work o f tho Illinois and Indiana at 108th S t., Chicago, to AVhiting, East Chicago and
Hammond in Indiana, and operates in connection with Calum et & South
rehabilitation of that road.
Chicago R y. to 63d St. and Madison A ve. in Chicago.
16 motor cars; 9
othor cars; standard gauge; 8 0 -lb. T rail.
O F F IC E R S .— Pres., L . A . Busby; V .-P ., J. L . M atson; Sec. & T reas.,
Tho lines outside tho city were taken over by the Chic. & Interurban R y . F . D . Ilofrmann; A u d ., AV. AV. Hill; Gen. M g rs., A . L . Drum & C o ..
in tho interest of tho Hammond Whiting & East Chicago R y.
76 AVost Monroo S t., Chicago.— V . 79, p. 103.
W ages.— Soo under Chicago Railways.
CH ICAGO & INTERURBAN TRACTIO N CO.
ST O C K A N D BONDS—
D a le .
In te re s t. O u ts ta n d in g . L a s tD iv .,& c .
Stock, 319,000 .000 ( 3 1 0 0 ) - - - - .
Toxt Q -M 3 0 318,0 0 0 ,0 0 0
See text.
O R G A N I Z A T I O N .— Incorp. in Illinois Feb. 14 1912 to take over the
1st m tge (31.000) g - .c * & r * t f / 1907
5 g F -A
28,95 0 ,0 0 0 Feb 1 1 9 2 7 property of tho Chicago & Southern Trac. Co. (sold at foreclosure) outside
1First Trust & Sav. B k ., Chicago, Trustee.
tho city limits, tho lines within the city having been acquired by Chic. C ity
B o n d s.— There is no limit to tho amount o f bonds that m ay bo issued R y .
V . 94, p. 697.
Under tho terms of an ordinance passed Jan. 29 1912
under tho above mortgage. Under tho Chicago city ordinanco, in case of an operating agreement between the Chic. C ity R y. and the Chic. & Inter
purchase by tho city nr its licensee, and only in such case, tho bonds m ay bo urban provides that the interurban cars o f the latter company shall run to
called as a whole, for payment at par and in t., on any int. dato beforo m a a downtown terminus at Harrison St.
turity. V . 84, p. 1488, 1550.
STOCK A N D BONDS—
D a te .
In te re s t.
O u ts ta n d in g .
M a tu r ity .
DIVIDEN DS.— Usually 1 2 % ; woro in 1893 2 4 % ; 1894-1900, 1 2 % : in Stock, $1,000,000 ($100)_____ ______
________
$ 1 ,0 0 0 ,0 0 0
_
1901. 1 0 'A % : in 1902-09.
19J
°
• 1 1 # % : in 1912. 1 1 % : First mtgo, gold (3100, $500, f 1912
5 g J-J
1,350,000 J a n l 'l 9 3 2
in 1913, M ar., 2 A % \ Juno, 2 A % : Sept., $ 2 'A % ; D e c ., 2 # % ; and y2 % ext.
$ 1 ,0 0 0 ), no s f ............... _c* tf lin t, at First T r. & Sav. B k ., C hic., Trustee
B o nds.— The auth. amount of 1st M . bonds is not limited. Bonds are
R O A D , &c. (incl. Southern St. R y .) .— Com pany owns 314.30 miles of
single track, all now operated by electricity. System covers tho South Side subject to call in whole or In part, beginning with lowest number, at 102
of Chicago, extending from tho ccntro of the business district south to 79th on any interest day. There are also $139,000 bonds in treasury.
E A R N I N G S .— For year end. Feb. 28 1913, gross, $253,127: other in
Street and between tho South Branch of tho Chicago River and tho Hake.
com e, $2,256; net, $128,109; taxes & in t., 378,008; surplus, $50,101.
975 doublo-truck cars, 522 single-truck cars; total, 1,497.
R O A D .— Consists of 48 miles of line between 119th St. and Vincennes
R E T O R T .— For 12 months ending Jan. 31 1913. See V . 90, p. 1015
R oad, Chicago, to Kankakee, 111. Standard gauge. 70-lb. T rails.
Pass.rets. (incl.So.St. R y.)S 10,838,714 Incomo from operation...3 3 ,0 0 8 ,4 3 7
405,267 Othor Income (contract/-r's
Itects. other sourcos____
O F F IC E R S .— Pres. & M g r., John L. M atson; V .-P ., C has. R . M oore:
profit, brokerage, & c .) .
260.172 Sec., AV. AV. Crawford; Treas., Edgar II. Pank.— V . 94, p. 697; V .9 5 .p .9 6 8 .
Total receipts_________ 311,243,981
Total Incomo....................3 3 ,268,609
Op. exp., taxes, renow’ls,
CH ICAGO & M ILWAUKEE ELECTRIC R R .— A trolley road.
Interest on bonds_________ 1,286,102
int. on cap. inv. and net
Receivership a n d Sale.— Receivers were appointed Jan. 28 1908. A t the
earns, of So. St. R y ___ *9,485,823
foreclosure
sales on Sept. 25 1912 the properties were bid in by Jacob N ew
N e t income.........................$1,982,507
N ot earnings___________ 31.758.158 Dividends ( 1 0 % ) .................. 1,800,000 man of tho reorganization committee at $1,600,000 for tho AVi.sc. D iv and
$1,650,000 for tile Illinois D iv . Th e sale of the latter, however, was set
C ity's proportion, 5 5 % . .
3966.987
by Judge Landis in the U . S. D ist. Court on Jan. 2 1913, on the ground
C o .’s proportion, 4 5 % _ .
3791,171
Surplus................................ $182,507 asido
that bidding had been suppressed and that the price obtained was much
Int. on capital lnv& stm 't.zS2,217,266
below tho true valuation. V . 95, p. 817; V . 96, p. 62, 135. He also criti
* Includes contingent reserve fund cf 360,000 to apply on account o f in cized the plan of reorganization, saying it would create “ a great mass of
crease of wages of trainmen and barninen from A ug. 1 1912 to Feb. 1 1913. securities which represent no investment whatever by anybody at any tim e.”
a: Tho “ interest on capital investm ent,” 32,2 1 7 ,2 6 6 , is that certified by V . 96, p. 135. On June 6 1913 tho U . S. Circuit Court of Appeals affirmed
tho order o f Judge Landis setting aside the sale of the Illinois D iv . V . 96.
board of supervising engineers, as provided by tho ordinance of Feb. 1 1 1907. p.
1700.
O F F IC E R S .— Chairman E x . C o m ., Ira M . Cobe; Pros., Leonard A .
Tho now reorganization committee (V . 94, p. 206) composed o f representa
Busby; V .-P ., II. B . Fleming; Sec. and Treas., F . D . H offm an: A u d ., A . J,. tives of both tho AVisconsin and Illinois D iv. bondholders in Jan. 1912 pro
D ew ey.— V . 94. p. 349, 629, 826. 978, 1118: V. 95. p. 1683, 1744: V . 96,
posed a plan of reorganization calling for tho formation of a now company
p. 62, 1015, 1364, 1555, 1627; V. 97, p. 1732; V . 98, p. 155.
with $6,000,000 stock, 310,000,000 1st M . 5 % bonds (present issue $ 4 ,5 0 0 ,
000), covering entiro property, 34.500,000 1st 4 % non-cum. incomo bonds
(2) C a lu m et & S o u th C h ica g o R y .— Electric.
(a 2d m tge. on 111. D iv .) and $6,000,000 2d non-cum. incomes (a 2d mtge.
on tho 16 miles of AVisc. D iv. and 3d mtge. on 111. D iv .). Depositaries,
O R O A N IZ A T IO N .— Is a consolidation formed in 1908 o f tho Calum et
Electric Streot R y. and South Chicago C ity R y . in accordance with the Chicago Title & Trust C o ., Chicago, and National Trust C o ., L td ., Toronto
terms o f ordinance passed by tho C ity Council M ar. 30 1908. Lines See V. 94, p. 630, 1249.
aro located In tho south division o f the C ity o f Chicago. Tho ordinance
O R G A N I Z A T I O N .— Incorporated under tho general railroad laws of
grants franchises until Feb. 1 1927 and provides that tho city is to receive Illinois and AVisconsin and has tho same privilege as steam roads. This
5 5 % of net receipts after allowing for operating expenses, taxes and de company was successor by purchase on Dec. 31 1902or tho Chicago & M il
preciation and 5 % on present valuo. together witli amounts expended for waukee Electric R a ilw a y C o. Does a freight business. F ranchises, excopt
improvements and extensions. Interchange of transfers with Chicago C ity four, aro said to be perpetual; serves 25 cities and towns.
32
ELECTRIC RAILWAYS
In M a y 1913 U . S. Dist. Judge Landis made an order permitting Receiver
Johnson to purchase the property of the W aukegan Fox River & Western
Electric R R . (consisting of 1 mile of track in Waukegan) for $ 56,000 .
V . 96. p. 1364‘
In D ec. 1913 Judge Landis instructed Receiver Johnson to pay the s .-a .
int. due in January on the $ 1 ,080,000 5 % R a ilw a y bonds. V . 97, p . 1897.
O ld S e curities.
D a te .
In te re s t.
O u ts ta n d in g .
M a t u r it y .
ST O C K A N D BON DS—
________
$ 5 ,000,000 ____________
Stock, $ 5 ,0 0 0 ,0 0 0 --.................... ____
C & M E Ry 1st M ,$ l ,500,000
1899
5 g J-J
1,080,000 July 1 1919
g ($1,000 each)
m ay bo Int. at Standard Trust C o ., N .Y .,a n d Cleve
land Trust C o ., Trustees, Cleveland Trust
called any interest day at
C o. and R oyal Trust C o ., Chicago.
___
105 and interest________ ._ c
1902
5 g J-J
4,0 0 0 ,0 0 0 July 1 1922
C & M E RR 1st M , $ 5 ,0 0 0 ,
Int. at M erchants’ Loan & T r. C o ., Chicago,
0 00, gold ($ 1 ,0 0 0 )...........-c
Trustee, or N a t. B k . of Commorce, N . Y .
1905
5 g J-J
10,000,000 Jan 1 1925
Wisconsin Division, 1st M ,
guar,
gold,
$10,000,000 Int. at W estern T r . & Sav. B k ., C h ic., T ru s.,
or U . S. M ortgage & Trust C o ., NovvYork.
( $ 1 ,000 ) ____________________
„.............. .........................................
1908
6 M -N 11
1,036,000 N o v 5 1911
Receiver's
cortlfs ($ 1 ,0 0 0 )___
The receiver’s certificates are a prior lien o n ly to the $10,000 ,000 W iscon
sin Division 5s due 1925. V . 86, p. 850, 1159, 1223.
E A R N I N G S .— For calendar years:
C a le n d a r
Gross
O per. E x p .
Net
Balance,
Y e a r— •
E a rn in g s .
a n d Taxes.
E a rn in g s .
In te r e s t. *
S u rp lu s .
1912 ..............$977,294
$651,840
$325,454
$65,441
$260,003
1911.................. 968,228
672,292
295,936
68,218
227,718
* Interest on receiver’s obligations.
R O A D .— Operates 170 miles o f track from Evanston (where connection
is made with Chicago) through Waukegan, Kenosha and Racine to M il
waukee, including extension to Libertyville. Practically all the road is
built on private right-of-way and road is double-tracked throughout.
Rails, 65 and 85-lb. V . 67, p. 900.
O F F IC E R S .— Pres., A . C . Frost: V .- P ., Gordon A . R am say: Sec.
Pierre G . Beach; T reas., W . O. K ilm an.— V . 94, p . 67, 206, 349, 487, 559,
630, 910, 1249, 1762: V . 95, p. 3 6 1 ,6 7 9 , 817; V . 9 6 , p. 62, 135, 1156, 1364,
1700; V . 9 7 , p. 1897; V . 89, p . 73. _
[ V o l . X C V II I.
Towns R y .) , which has no connection with tho Chicago Railways Cos.
On N o v . 1 1910 a deposit agreement was entered into by the holders of tho
securities ot tho Chicago Consolidated Traction and its subsidiaries, pro
viding for the exchange of the said securities for Chicago Rys. C o. Purchase
M oney 4 % to 5 % bonds and A d justm ent Income 4 % bonds, both dated
Jan. 1 1911 and maturing Feb. 1 1927. For description or bonds and terms
oi oxchango, see V . 9 1 , p. 1384, and compare V . 90, p. 1613; V. 91, p. 214.
C o ntract f o r P o w er.— On July 30 1909 reached agreement with tho C o m .Edison C o. for power for a period of 6 years from Feb. 1908. V . 89, p. 348.
Wage A g ree m en t.— On A u g. 31 1912 tho employees of tho Chicago Street
railways rejected the proposed wage agreement (see V . 95, p. 618), and the
matter was referred to a board of arbiters which handed down its findings
on M ar. 29 1913, awarding the men an approximate increase of 2c. per hour,
effective Aug. 1 1912.
Favorable D e c is io n .— In O ct. 1912 the U . S. Circuit Court of Appeals
affirmed the decision of Judge Kohlsaat, dismissing tho suit brought to have
the compromise franchise of 1907 annulled. V . 95, p. 1206.
STOCK A N D BONDS—
D a te .
In te re s t. O u ts ta n d in g .
M a t u r it y .
------------See text.
See text.
Stock, $100 ,00 0.......... ............................ f 1907 5 F -A
$49,955 ,000 Feb 1 1927
First mortgage (see tex t),
($1,000) gold.............c & r t f {I n t. at Harris Trust & Sav. Blc., C h ic., Trus.
I or at Harris, Forbes & C o ., Now York.
Consol m tge, gold___________tr 1907
5%
Seo text. Feb 1 1927
Bonds Covering C ity L in e s o f F o rm e r C hicago C onsol. T ra c tio n .
Purch-monoy M $6,000,000 g /
1910 4-5 J-J
$4,07 3 ,0 0 0 Fob 1 1 9 2 7
($500 and $ 1 ,0 0 0 )____ c * t f [Illinois T r. & Sav. B ank, C h ic., Trustee.
Adjust inc M $ 2 ,500,000 g old /
1910 4 g M a y
2,5 0 0 ,0 0 0 Fob 1 1927
($100& $500)(n on-cu m )c*tf [ Central Trust C o . of III., Chicago, Trustoe.
Stock.— Tho capital stock of tho com pany, which is issued in tho nominaj
amount of $100 ,00 0, has been made tho subject of a trust agreement, dated
A u g. 1 1907 and oxocuted Jan. 25 1908, by and between the Chicago Rail
ways C o . and M essrs. Adolphus C . Bartlett, Chauncey Keep, Charles II.
Hulburd, Albert A . Spraguo and Charles G .D aw es, as depositaries, and
Central Trust C o . of New York as custodian. Under this agreement
tho stock serves as a basis for tho issue of the p a r tic ip a tio n ce rtific a te s,
representing in all 265,100 equal parts. Series 1 consists of 30,800 parts,
Series 2 of 124,300 parts. Series 3 of 60,000 parts and Serios 4 of 50,000 parts.
Series 1, 2 and 3 aro entitled, in tho order of priority namod, to cumulative
dividends of $8 for each part, beginning with year ending Aug. 1 1908, and in
tho distribution of capital to $100 for each said part. Serios 4 is entitled
to any remaining profits or capital distributed. V . 85, p. 1269.
Dividends on participation certificates Ser. 2 aro limited to $4 on each cer
tificate so long as more than 5 0 % of Series C bonds remain outstanding,
and thereafter to $5 per certificate until tho remainder of Serios C bonds
have been rodeemod. Series 2, however, is entitled to unpaid accumulation
on account of its $8 per certificate (beginning with tho year ending A ug. 1
1908), but only when earned, and after payment of all accumulations of
sinking fund and of dividends on Series 1.
B onds.— First m tge. bonds aro issued only to provulo funds for rehabili
tation, extensions, &c. Thoy m ay be redeemed at par and accrued Interest
on any interest day. Tho bonds have a first lien on tho entire property,
rights and franchises of the company. Tho authorized issuo is limited to
tlio aggregate of the amounts approved from time to time by tho board of
super vising engineers. O f the bonds reported outstanding, $500,000 are
hold by trustees as security against any judgment which possibly could be
recovered in various litigations going o n . Sea full particulars_ofbonds,
property, & c., in V. 8 6 , p. 545; V . 88. p. 1436, 1619; v . 90, p. 302; V . 93, p .
162. Bonds are listed on tho N . Y . Stock Exchange.
Tho consol, m tge. bonds as of Jan. 1 1914 consist of tho following;
Series A , issued, $ 1 7,403 ,800 , of which $ 1 ,006,000 are in the treasury and
can bo issued only for acquisition of additional property; Series B , $ 17,164 ,
4 75, and Serios C , $ 1 ,927,336. Series O bonds have sinking fund of $250,
000 por annum, if earned, which began A u g. 1 1908, but cumulative until
paid. $1,196,000 Serios A bonds have been retired. See particulars,
V . 86, p. 1223; V . 93, p. 1724. O f tho remaining Serios B . bonds, $4,000 are
in treasury. O f the remaining Serios C bonds, $75,000 are in treasury. $2,
072,664 Series C have been retired by sinking fund and cancellation. Bonds
of three series boro int. at 4 % until Feb. 1 1912; thereafter, 5 % .
Purchase M o n e y M tg e . bonds bear Int. at 4 % per ann. during first 5 yrs.,
thereafter 5 % per ann. They aro red. at par and int. on any int. date.
A d ju s tm e n t In com e M tg e . bonds are red at oar and int. on any int. date
Int. is payable only if earned and is not cumulative.
. . .
.
Interest on both purchaso-money mortgage and adjustm ent income
mortgages payable at com pany’s office or at agency of company in Chicago,
D I V I D E N D .— An initial dividend o f M was paid N o v . 15 1908 on
Series 1 participation certificates. On Sept. 1 1J09 $8 was paid on Series 1
certificates. N one to O ct. 1912, when $6 was paid. In Feb. 1913, $6.
M a v Htfi- iniv $0' A n '' .84
In 1914, F o b., $ 4 . Dividends on Sorlos 1
are $4 in aiTeark.30 In Feb. 1914 initial d /v . of $2 pershare>was.paidon Scr 2.
R O A D .— Comprises 487.11 miles o f track (including 128 milos of the
C H IC A G O R A I L W A Y S C O .— A n electric road (See M a p on page 3 3 ).
P ro p o s itio n to U n ite Surface a n d Elevated L in e s .— See remarks under
Chicago Elovated R y s.
_
,
..T
,,
U n ifie d O p e ra tio n o f Surface L in e s .— The Chicago C ity Council on N o v . 14
1913, by a voto ot 59 to 7 , passed the necessary ordinance for unified op
eration o f tho Chicago R ys. and the Chicago C ity R y s ., and on D ec. 22
1913 the holders ot participation cortiticates, series 1 , 2 , 3 and 4 , also adopt
ed tho resolution tor unified operation; the stockholders of the Chicago C ity
R y . also voted favorably. Tho plan becomes operative Feb. 1 1914 and
rovides for unified operation of surface railways, as if all lines were owned
y ono company; a 5-cent fare throughout the city on surface lines, also
through routing o f cars from ono division o f tho city to another. For
“ Operating B oard’ ’ see V . 98, p . 303. V . 9 6 , p . 1421; V . 9 7 , p . 1023, 1114,
1357, 1503, 1897; V . 98, p . 303.
O R G A N I Z A T I O N .— Incorp. in Illinois in Oct. 1903 and on Jan. 25 1908
acquired at foreclosure salo tho property of tho old Chicago Union Traction,
comprising tho lines of tho N orth and W est Chicago Street R R . Tho pur
chase was made under a modified plan of reorganization and readjustment
dated O ct. 15 1907 and outlined in V . 85, p. 1269; see also p. 1576 (V . 95,
p. 1402) and issued $22,554 bonds to cover cost.
In Dec. 1912 purchased 6 miles of the Suburban R R . inside tho city limits
(V . 95, p. 1402) and issued $22,554 bonds to cover cost.
F ra n ch ise s.— On Feb. 5 1907 the C ity Council passed ordinances providing
for a settlement of tho relations between tho city and tho street railway
companies. V. 84, p. 338, 390. Tho fra n c h is e s granted by tho ordinances
expire Fob. 11 1927 and were approved at the popular election held April 2
1907. On Oct. 10 1910 supplemental ordinance was passed expiring I'ob.
1927, covering linos of Chicago Consol. Trac. properties. V . 9 1 , p. 1025.
In the remarks concerning the Chicago C ity R y . on a procoding page of this
publication will bo found a brief summary of tho main terms, requirements
and conditions of these ordinances. A vory extended outline of the same
was printed in the "Chronicle” of M a y 11 1907, pages 1123, 1124 and 1125,
to which the reader is referred for detailed information.
Tho ordinance for tho Chicago R ys. C o. provides that the valuation of the
properties acquired shall be deomed and considered to be $29,000 ,000 (the
value fixed by a board of expert engineers acting for the city) plus $1,779,875
for expenditures from the date of tho valuation on Juno 30 1906 to I'ob. 1
1907, making total valuation of properties as recognized by ordinance
$30,779 ,875 as of Feb. 1 1907. W ith tho expenditures already m ade, the
valuation of road, equipment and franchises at July 31 1913 was $78,596 ,
130. V . 8 7 , p. 677; V . 88, p. 504: V . 95, p. 236 and 4 1 9 ..
A ll expenditures for reconstruction and extensions aro being made under
the direct supervision of a board of supervising engineers headed by M r.
Bion J. Arnold, and the company is required, under conservative restric
tions, to advance moneys for the construction of subways by tho city. former Chicago Consolidated Traction lines) .serving tho downtown as well
Th e expondituros for reconstruction and extensions, including any contri as the entire north and west sides of tho city.
butions for subways, after Feb. 1 1907 are to bo added to tho value of tho
E Q U I P M E N T .— Operates 1,595 double-truck “ pay-as-you-entor" cars.
properties recognized by tho ordinance, together with 5 % of such expendi
R E P O R T .— Tho annual report for year ending Jan. 31 1913 will be found
tures for brokerage. A s compensation for its services in construction
Passengers carried year widlng Jan. 31 1913, revenue.
tho company will receivo an additional 1 5 % of all expenditures for recon in V. 96, p. 1153.
struction and extensions, exclusive of amounts contributed for subways. 355 ,5 1 8 ,5 0 0 ; transfer, 256 ,4 0 8 .8 9 1 ; total, 611,927 ,391 .
T h e company agreed to lower and reconstruct the tunnols under tho
In c o m e A c c o u n t f o r Y e ars e n d in g J a n . 31.
Chicago River at Washington, La Salle and Van Buren streets. The
Gross
Net
In t., 5%
B alance — — O f W h ic h to-------- ordinance requires through routing over certain lines of the Chicago
In c o m e .
In c o m e . on In v .
D iv is ib le . C ity .5 5 % . C o .,4 5 % .
C ity R y. C o. and tho exchange of transfers with that company. The lines
of the Chicago C ity R y. C o. cover what is known as the South Side of C h i 1 9 1 2 -1 3 ..-1 8 .0 7 6 ,7 7 7 6,3 4 8 ,2 7 5 3 ,7 7 8 ,4 4 9 2 ,569,826 1,413,404 1.156,422
cago, and the lines of the Chicago R ys. C o. the North and W est Sides.
11
-1m2e...1
7 ,1 5 6 ,4 9 (N
5 o5,0
4 3a,3
9e
3 rs•f.459v
R ig h t to Purchase by C ity .— Under the terms of tho franchise, the company 1 9In
co
Statement
n -P
rtn
h ip A c ^
c o8,i„V
u n t) wf o;)V
r 3Years^radinfl6J
Years m enng J a«nn.7qi469
31
agreed to waive all rights under previous grants, and gave the city an
1912.
1913.
1912.
option to purchase all of its property for municipal operation at any time
$
$
prior to tho expiration of tho 20-year franchise granted tho company
M
is
c
e
lla
n
e
o
u
s
..
----------1,144
672,469
b y tho ordinance. Tho prico to be paid by the city to bo $30,779,87.), C h ic .R y s .,4 5 % . 1,156,422
8k . fd. res. a cc t. 250,000
250,000
the valuation of tho properties February l 1907, as above mentioned, 5 % on invest’t . . 3 ,778,449 3,5 4 9 ,0 1 8 C orp. oxp.& a d j. 120,574
118,401
208,161
plus all expenditures after that date for reconstruction, extensions and addi M isc. in terest.. 214,268
tions to the properties, including any amounts advanced to the city for
Total d o d u ct-4,674,063 4,323,424
___
the construction of subways in tho downtown business district. In caso Gross income, all
sources_______ 5,149,139 4,4 2 9 ,6 4 8
the property shall not bo purchased, as above stated, prior to 1927, ths
N o t ..................... 475,076
101,224
D educt— 1
_
__
expiration of tho franchise, the city covenants that it will not then grant
a franchise to any other corporation for tho operation of a competing system T o t.in t.o n b d s _ .4 ,303.489 3 ,958,879
In the company’s territory unless such other corporation shall purchase
the property of tho company at said prico. Tho city also has tho option
of requiring the company to sell its property to any other licensee corpora
V>. • A • A i, At. 1.1ISIS, JLAVvtW., if*. .
tion o f tho city, or to purchase the property itself for municipal ownership
I N D E X .— V . 92, p. 5 9 . 260, 321, 1102; 1Ysr?31’ o,i'7.lGv ’ njP ’n 7$&’R
(with no requirement as to municipal operation), at any time during tho 1259. 1532, 1599. 1724; V. 94, n. 350. 9 M .1 1 8 5 ,
life of tho franchise; but in caso of such purchase by tho city or a licensee, 618. 1122. 1206. 1331, 1402: V . 90, p. 201, B o Z .X O S p .X 153, 1364. 1419,
tho prico to bo paid shall bo 2 0 % more than the price above mentioned;
1421, 1556, 1628, 1700, 1838; V . 97, P- 49 v360L
qXq7 28, 802, 1023> 1114'
but tho licensee shall not bo required to pay tho additional 2 0 % it it shall
1203, 1357, 1425, 1503, 1897; V . 98, !>■ 155, 23o, 3 03.
agree to pay over to tho city all profits in excess of 5 % on the investment
In any event, (1) tho purchase price m ust bo paid in cash and the first
C H IC A G O & W E S T T O W N S R A IL W A Y C O .
mortgage bonds of the company will attach to such cash as a first lien in
'O R G A N I Z A T I O N .— Incorp. In Illinois in 1913 as a consolidation o f tho
tho event of such purchase; or (2) such purchase (if made within said 20
years), must be consummated expressly subject to tho lien o f the 1st m tge. County Traction C o. and tho Suburban R R .
O
d ninng .
M a t u r it y .
ST
D a le .
bonds, but if mado at the expiration of said 20 years, the amount thereof
a
i uOoCi K
v A N D DB
v /Oi'iNdDuS——■
—In te re s t.
_ u ts
n ntann n
must also bo paid in cash.
.
. .
C om m on, $ 1 ,000,000 ( $ 1 0 0 ) . . ------------i nnn nnn
Com pensation to C ity .— The company is entitled to a straight 5-cent faro, Pref (cum ), $ 1 ,000,000 ($100 - - - «% M q
^ fin o n
" i m S -------with universal transfers. In turn, provision is made for special compensa Bonds, $750 ,00 0, gold, red/ 1913
8 M -S
5o6,000
1918
at i o i . ..........................._ c * tf\ In t. at Harris Tr. & S. B k ., Chicago, Trustee
tion to the City of Chicago, but this compensation is payable only out or
the surplus earnings of the company after paying or providing for all op
R O A D .— Owns and operatos 70 miles of track, serving tho suburbs west
erating expenses, including tho charges for maintenance and depreciation
prescribed in the ordinance and 5 % upon tho valuation of the company s ° f oi*I'T C E R S .— Pres., W illard M . M cE w on; Sec., C has. F . Propst; G en.
property at which it m ay be purchased by the city for municipal operation,
as above stated. O f the surplus earnings so remaining, tho C ity of Chicago M g r ., F . L . Butler. V . 97. p. 443 , 666receives 5 5 % and the company 4 5 % .
.
..
C o n tro l by Trustees.— The trust indenture securing tho participation
This^cmnpany^vas Incorporated in A u g. 1913 to take over tho lines In
certificates provides that until A u g. 1 1912 and to the full extent thereafter Evanston, ill., formerly owned by tho County lraction C o. (now the Chi
which m ay be permitted by law until all of tho consolidated mortgage bonds cago & W est Towns R y .) . Stock, $500,000. An open m tge., it is stated,
of the company shall be fully paid and dischargee}, tho directors of the in s been filed to the M erchants’ Loan & Trust C o. of Chicago, as trustee,
company shall be elected by Messrs. A .O . Bartlett, Chauncey Keep, Charles m t e d Dec 1 1913 due Aug. 1 1933 ($100. $500, $ 1 ,0 0 0 ); int. not over 6 % :
II. Hulburd, Albert A . Sprague and Charles G . Dawes of Chicago, and pro $150 ,00 0 issued. V. 98. p . 7.3. 155. Th e company was granted a new 20vision is mado in tho trust deexl securing tho 1st m tge. bonds for tho appoint
ment of a permanent finance committee, composed of M eesrs. Henry A . year fra n c h is e . V . 97, p. 443; V . 98, p. 73, 155.
Biair. Chauncey Keep and B . A . Eckhart of Chicago.
’ C H IC A G O E L E V A T E D R A I L W A Y S .— A voluntary association similar
A c q u is itio n o f Chicago Consolidated T ra c tio n P ro p e rtie s .— On D ec. 27 1910
Electric Companies (See M a p , page 35 ).
Judge Grosscup confirmed the sale of the Chic. Consol, lr a c . C o. and its to PMassachusetts
ro p o s itio n to M erg e Surface a n d Elevated L in e s a n d C o nstruct Subw ays.—
eight underlying companies on N o v . 30 1910 to Andrew Cooke and the
sale by the latter of all properties w ith in the city limits to the Chicago Rail On Feb. 13 1913 Attorney William G . Beals, representing tho Blair Interest*,
ways C o. (V . 91, p. 945, 1253, 1511). pursuant to an ordinance passed presented to the Transportation Com m ittee of tho Chicago C ity Council a
P
$
ELECTRIC RAILWAYSI
L IN E S
OF
T 'H E
DEMPSTER ST.
CHICAGO RAILWAYS
COMPANY
Calvary. \
C em e te ry ^
HOWARD AVE.
LINES INSIDE OF CITY LIMITS
EXTENSIONS PERMISSIBLE
UNDER ORDINANCES
EXTENSIONS TO BE MADE
IN 1914
HAMILTON ST.
DEVON AVE.
DEVON AVE
C a r S ta tio n
C IT Y L IM IT S
NORWOOD PARK
fr , tr a n c e
B
Sub-Station No. 7
R O S E H IL L
CEM ETERY
BRYN MAWR AVE.
M o n tro se
C IT Y L I M I T S
Cem.
fit. Lucas
B o h em ia n
C em .
AVE.
LAWRENCE
MONTROSE
OUNNING.
COUNTY
FARM
|
--- $
3r a c e l a n O \ *
Z
k C em . |
AVE.) \
(GRACELAND \
IRVING PARK
'
E ls to n A u e.
C a r S t a t io n
MtrOufe-C^i
g»/a Aw,
(.30SC0E
\ H ou se
Sir**
BELMONT
S u b -S ta .N o .
AVE
FULLERTON
F U LLE R TO N
1ELDENA,E
>JwEBsrew
AVE,
ARM ITAGE
;fum
oortumd
AVE.
NORTH
NORTH
k o r th
A
4 8 th
Ai/e.
C a r S ta tio n
Humboldt
S u b ~ S ta . N o.
Park
CHICAGO
AVE
ISION
AVE,
CH ICAGO
GRAND
[LAKE
R id g e la n d
C a r S ta tio n
FUl TON
C ic e r o S \P r o v is o
P q u /q k H oL
g a r f ie l d
MADISON
jLAKE ST.
— KANCOt^t
LAKE
]
^WASHISbTukf*
SWMA»uOiiu*N<.*;?
p a r k
QU REN
HARRISON
TAYLOR<
12th
12th
t 2th
14 th >
16 t h
PC
PARK
|
1Oth
2 t9T 8 T .
L a w n d a le
C ar S ta .
26 th
H a w th o rn e
R a c e T ra ck ,
pSlxckney) 3 9 t
:
Jv.N e^FCN : ’
HARRISON
O'NF.lL ST.»
34
ELECTRIC RAILWAYS
[ V o l . X CV II I.
plan for the merger <~f the surface and elevated lines and the construction owned, 43.79: under contract, 6.53; total operated, 50.3 miles of track,
o f subways substantially as outlined in the “ Chronicle” o f Mar. 1 1913, exclusive of 7.19 miles of side tracks. Right of way is owned in fee.
page 651. It was agreed to use this plan as the basis for an ordinance to Equipment Jan. 1 1913 consisted of 225 motor cars, 161 coaches and 101
jp
h
be submitted at an early city election. It was later decided that legislative control-coaches and 18 miscellaneous. Gauge, 4 ft. 8 A In.
On March 11 1905 the cars of the Aurora Elgin & Chicago R y. began
action was required before the ordinance could be drawn. Some other fea
tures of the plan, including length of franchises, were also objected to. On operating over this company’s lines to the 5th Ave. terminal under a traffic
April 28 1913 the City Council adopted resolutions ordering investigation agreement, the M et. West Side, in turn, securing the right to the territory
o f dealings in street and elevated railways with the city and suspending west of the 52d Ave. terminal on the Garfield Park line as far as the DeePlaines River, about 3.3 miles of double track. V. 79, p. 1704.
negotiations for merger until inquiry is made. V. 96, p. 1364.
.
Following the breaking o ff of negotiations for general merger of surface
OFFICERS.— Pres., B. I. Budd; Sec. & Treas., W . V. Griffin: Aud
and elevated roads, the company expressed its willingness (when necessary T . B. MacRae; Gen. M gr., E. C. Noe. Office, 160 West Jackson B oul.’
rights should be granted by the cloy) to through-route north and south ele Chicago.— V. 91, p. 336; V. 92, p. 396, 456, 1436; V. 93, p. 469.
vated trains, using the Loop for that purpose, and to establish tree transfer
(2) Northwestern Elevated R R . (See m ap on page 35.)
stations between said trains and trains o f Metropolitan and Oak Park com
ORGANIZATION.— Road was formally ooened for business on Mav 31
panies by Oct. 1 1913. See V. 96, p. 1364, 1627. On July 28 1913 City
y
Council passed an ordinance providing for through routing and at midnight 1900. V . 70, p. 1049.
In Sept. 1901 the Union Elevated R R . was acquired. Owns 53% of the
Nov. 2 1913 the plan went into effect.
stock or the Chicago & Oak Park Elev. The Chicago Elevated Rys. pro
A s t o v a lu a tio n s b y c it y ’s a n d c o m p a n y ’s e xp e rts, see V . 9 4 , p . 1507.
ORGANIZATION.— Organized in 1911 to acquire stocks, bonds and vided the cash to take up the $18,000,000 Northwest. Elev. 1st 4s which
other securities o f the Metropolitan West Side Kiev. R R ., Northwestern matured Sept. 1 1911.
On Aug. 21 1911 stockholders auth. $25,000,000 1st M . 5s. None of the
Elev. R R . and the South Side Elev. R R . ($21,202,312 being offered for the
$36,294,900 stock o f these companies); also, If it so elects, the stocks of the bonds has been sold, but they are used as part collateral for Chic. Elev.
Rys.
note issue. V. 93, p. 527.
.
Union Consol. Elev. R R ., Chicago & Oak Park Elev. Ry., Chicago & Oak
Suit.— As to suit charging that the $25,000,000 were issued to the Chic.
Park Elev. RR. and Chicago & Elmhurst R y., which companies are con
trolled by the afore-mentioned companies. These roads operate about El. Rys. for $20,000,000 and seeking to recover the difference of $5,000,000.
187.51 miles o f track. The physical properties were valued at about see V. 95, p. 818.
STOCK AND BONDS— D a te.
In terest. O utstanding.
M a tu rity .
$90,000,000, exclusive of franchise valuations; the mortgage debt preceding
the notes aggregated $32,372,262, leaving an equity of $57,500,000. See Stock, $5,000,000.................... - ....................... ..
$4,947,100
...............
plan, &c., in V. 92, p. 1498, 1435; V. 93, p. 104.
Pref stk, 5% n-c, $25,000,000______
M-S
4,944,400 M a r ’ 12,2%
Stockholders of the Metrop. West Side Elev. R R ., Northwestern Elev. First mortgage. $25,000,-/ 1911
5%
See text
30 years
000 ...................................tf J111. Trust & Sav. Bank, Chicago, Trustee.
R R . and South Side Elev. R R . were given the option of two offers for de
positing their stocks; one to receive full cash for their holdings, and the Equipment notes________ tf ____
6%
96,000 See text.
Notes.—-Equipment notes pa;
- - -in installments;
other to receive part cash and part stock o f the Chicago Elev. Rys. See
payable
in 1913, $30,000; in
offers in V. 92, p. 1498. Practically all the stocks have been turned in, a 1914 to 1918, $16,000 annually
Jly.
small remnant cr Northw. L pref. being bought in Aug. 1913. V. 97, p. 728.
REPORT.—
For
years
ending
June
30:
Pass,
carried
in 1912-13, 44,685,
In July 1911 the National City Bank offered the $30,000,000 gold notes
agst. 44,577,835 in 1911-12; 44,471,566 In 1910-11,42,815,132 in 1909
(V. 93, p. 104), the proceeds of which, together with $16,00O,OOO from sale 582,
10
and
40,955,795
in
1908-09.
of pref. stock, were used to pay for stocks acquired under the purchase
e 30.
G ross
N et
Other
In terest,
D iv i- Balan ce,
offer dated May 22 1911. to retire $18,000,000 Northwestern Elev. 1st 4s Jun
Y ear—
In co m e.
E a rn in g s. In co m e. T a xes, A c . dends. Su rplus.
which matured Sept. 1 1911, pay floating debts of all companies and provide 1912-13........
$2,580,334 $1,235,616 $606,248 $1,840,991 ______
$873
ample working capital.
12____ 2,539,706 1,225,312 637,509 1,745,065 $98,888 $18,867
Transfer Suits.— On June 25 1912 the city brought six suits in the Munici 1911Dividends.—
An
initial
div.
of
1%
was
paid
on
pref.
Oct.
18
1909:
in
1910,
pal Court to enforce the ordinance passed by the City Council May 20 1912.
1%; April, 1%; July. 1%; Oct., 1%; in 1911, Jan., 1%; April, 1%;
approved by the Mayor on May 21 1912 and effective June 4 1912, requiring Jan.,
the elevated roads to issue transfers. V. 94, p. 144o; V. 95, p. 110. On nono tiiereafter to March 1912. when 2% was paid. None since.
ROAD.— Miles o f single track: Owned, main line, 38.07 m. and side
Jan. 24 1913 Judge Baldwin in the Circuit Court made permanent the tem
porary injunction be granted in July 1912, restraining the enforcement of track, 5.72 m.; total owned, 43.79 m. Right o f way is all owned in fee
except at street crossings.
. , .
,
___
said ordinance. V. 96, p. 359.
Under an operating agreement with the Chicago Milwaukee & St. Paul
Suit against Controlled Companies.— On June 16 1913 State Attorney
Iloyne filed quo warranto proceedings in the State Circuit Court against Railway Co. made in 1907, this company s service was extended May 16
the Met. West Side, South Side and Union elevated railroad cos., claiming 1908 to Evanston over the Evanston Division of tho former road, which
that they violated their State charter by issuing watered stock. V. 97, p. has been electrified. Extension to Wllmetto opened April 1912. All track
1772. On Nov. 17 1913 Judge Scanlan in the Circuit Court dismissed the opor. (incl. loop), 60.43 miles. 348 cars, 80-lb. T rails.
proceedings because of a technical defect in failing to charge fraud in the
OFFICERS.— Pres., Britton I. Budd; Sec. & Treas., W . V. Griffin; Genissuance of the alleged "watered stock.” An appeal was allowed direct to Mgr., E. C. Noe; Aud., T . B. MacRae. V. 90, p. 1171, 1240; V. 91, p. 791.
the Supreme Court.— V. 97, p. 1425.
866/ 1768; V. 92, p. 262, 1436, 1701; V. 93, p. 408, 527, 667, 796, 1018i
Wage Settlement.— A threatened strike was settled April 17 1913 by the V. 95, p. 818.
board o f arbitrators, some 4,000 men receiving Increases o f from 2 A to
(a) Union Elevated Railroad.
5 cents an hour. V. 96, p. 1156.
Is used by all the Chicago elevated roads, and receives >ic. for each pas
Heating of Cars.—On N ov. 4 1913 the Appellate Court hold that the city
senger
carried, besides all expenses for operating, repairs and taxes. F ran
cannot compel the management to keep its cars heated, the city ordinance
requiring heating of cars, not applying to the elevated roads. V.97,p.l363. chise ex.p ires in 1945.
. —
— . , —
— . ,
D
am
age
F a ils.— In June 1913 a jury in Judge Bowles Court decided
STOCK AND BONDS—
Da'te.
Interest. Outstanding. Maturity. in favor of Suit
the company the suit brought against the company by the late
Common, 250,000 shares------- ------------------ 250,000shs. ---------------- Potter
Palmer in 1900 demanding $500,000 for damages to the Palmer
Pref, 160,000 shares, 6% c u m . ___
Q-M
160,000shs. Seotext.
3-yr gold notes, $30,000,000/ 1911
5 J-J
30,000,000 July 1 1914 House during construction of the loop structure. V. 97, p. 522.
BONDS—
D a te.
I n terest . Outstanding.
M a tu rity.
($ 1 ,0 0 0 )....................... tf (Illinois Trust & Sav. Bank, Chic., Trustee.
.$5,000,000,g (fl,0 0 0 )cp t 1895 5 g A -0 $4,472,000 Oct 1 1945
Stock.— Com. and pref. shares o f the par value o f $100 each. The pref. IstM
In terest at Chase Nat. Bank, N . Y ., and 111. Trust & Sav Bank, Chicago.
stock is redeemable at $100 and accrued dividends.
Bonds .— Of the $5,000.000 bonds issued, $528.000 are held by N orthw .E l.
Notes are redeemable on any interest date on 30 days’ notice at par and
ROAD.— The loop is 2.02 miles in length, double-tracked (80-lb. rails),
int. Int. payable in N . Y . or Chicago. They are secured by pledge of
$25,000,000 1st M . bonds o f Northwestern Elev. R R . and also by deposit and runs on Lake St. to Wabash Ave., to Van Buren St., to Fifth Ave., to
Lake St. Road opened Oct. 10 1897. Trains o f the Chicago & Oak Park.
of all the acquired stocks. V. 93, p. 44, 104.
Dividends.— On pref., initial div.— 1H % — paid Dec. 1 1911. In 1912, Metropolitan West Side, Northwestern Elevated RR. and South Side
operate over the loop. Northwestern Elev. also owns .15 mile of double
6 % . In 1913, M ar., 1y2%; June. 1 X % ; Sept.. 1A%\ Dec.. l'A % .
track from connection with loop at Van Buren & State streets to connection
EARNINGS.— Combined earnings of Metrop. West Side, Northwestern with
South Side El. R R ., which is leased to the latter. V. 97, p. 522.
and South Side companies for year ending Juno 30 1913, gross, $8,637,027;
net, $4,083,820; fixed charges, $3,162,800; divs., $1,098,575; def., $177,556.
(3) South Side Elev. R R .— (“ Alley Elevated” ).— An electric elevated
OFFICERS.— Pres, o f constituent cos., Britton I. Budd; S ec.,T hos A. road. (See m ap page 35.)
Reynolds; Asst. Sec., W . Y. Griffin; Comp., Edward A. Brion.
ORGANIZATION.— Successor January 1897 to Chicago & South Side
TRUSTEES.— Henry A. Blair, Frank A. Vanderlip and Sam’l McRoberts. R. T . R R . (foreclosed perplan V. 63, p. 1158). July 31 1900 the Appellate
EXECU TIVE CO M M ITTE E .— Samuel Insull, Ira M . Cobo and Court sustained the validity of tho foreclosure (V . 71, p. 236), and on Feb.
21 1902 that decision was concurred in by the State Supreme Court. V. 74.
Henry A. Blair.
p. 477. Franchise expires March 26 1938. Leases the Chicago Junction
GOVERNING C OM M ITTEE.— Samuel Insull, Henry A. Blair, Ira M
C^be, F. A. Vanderlip, Samuel McRoberts, Edward W. Harden and Fredc R R ., which see below.
STOCK AND BONDS— D a le .
InferesL O utstanding.
M a tu r ity .
A. Delano.— V. 95, p. 47, 110, 749, 889, 1607; V. 96, p.359. 651,715, 1156,
stock snn 231 400
Q-M
$10,231,400 Dec 1 3 ,1&
1296, 1364, 1772; V. 97, p. 728; 1363, 1425.
’
’
Firat
mortgage,
$8Todd,000,1
1904
4K
8
«.0
oq.°00
July
1 1924
(1) M etropolitan W est Side Elev. Ry.— An electric road. (See map,
gold $1/000)...............c * t f Jlnt. at 111. l r . & Sav. Bank, Chic., Trustee.
page 35).
Bonds.—-Are
subject
to
call
at
105
and
interest.
ORGANIZATION.— Organized in Illinois Jan. 16 1899. Successor on
D ividends. — First dividend of 1 % (out of oarnings for four months ending
Feb. 3 1899 (per plan in V. 67, p. 126) to the Railroad Co. sold under fore April 30 1899) was paid May 1 1899; then Sept. 1, 1%; Dec 30, 1%. In
closure on Jan. 4 1899. Franchise expires April 7 1942.
1900, 3% . In 1901, 3 H % . In 1902 to 1907, Inclusive, 4% yearly. In
STOCK AND BONDS— Date.
Interest. Outstand’g. Maturity,Ac. '08, Mar.,
; none untilJune ' 10 , when^H % was paid;
%: Dec..
$7,464,100 See text.
Common, $7,500,000.....................- .....................
........
'
" "
""
~
~” *
*
Pref, 5% non-c, $9,000!0 0 0--.
8,707,900 D e c '1 3 ,1
First mortgage, $lO,OOO.0OO 1898
4 g"F-A
lO/OOO/Obb Aug 1 19__ Fn IVIO,
173 / O f
($1,000), gold.............c* tf Cent. Trust Co., N . Y ., and G. Sherman, Tr. creased and 1 H % paid.
Int. at Cent. Trust Co., N. Y . and Chicago.
REPORT.— For years ending June 30. Passengers carried in 1912-13,
Ext mortgage, $5,000,000 1901
4 g J-J
*5,000,000 July 1 1938
($1,000), gold, red at 105 Northern Trust C o., Chicago, Trustee.
3^h’ a8aGross7’° 9^’4A^t ^ ^ O th er In terest, D iv iBalance,
on any Interest day on 4 Interest at company’s office In Chicago, or
weeksr
_____ ______________
notice________ c * tf . Central Trust Co., New York.
1912T3~
$2
470*664
$
f
348.496
$n°,049
$858,’l60$575,482
d
o
f.$
74^8
* $567,000 included In this amount is held by Chic. Elev. Rys. coil, trust.
The extension mortgage of 1901 covers the extension as a first lien, l o i i - i i : : : : : 1 :338.018 20,432 840,340 422.020 sur.oo/ogo
ROAD.— Owns elevated road In operation in Chicago upon a purchased
also 68 cars, a 3,500 h. p. engine and the new down-town terminal; the
bonds also cover the rest o f the property as a second lien, subject to the right-of-way from CongressISt. to Jackson Park and to Englewood. Elec
tricity was introduced as motivo powcr late in April
Operates 370
$10,000,000 first mtge. V. 72, p. 1080; V. 75, p. 29; V. 86, p . 1160.
motor, 30 trail and 15 misc. cars. On 10.24 miles of structure has a total
Has guaranteed $453,000 bonds o f Union Consolidated Elevated.
36.50 miles of single track main line, incl. 6.22 m. leased. Also has
REPORT.— For years ending June 30 1913, 1912 and 1911. Report in of
10.56 miles of side-track, making total track 47.06 miles.
1910 is for year ending Dec. 31.
OFFICERS.— Pres., Britton I- Budd; Sec. & Treas W V. Griffin
1912-13.
1911-12.
1910-11.
1910.'**
Passengers carried_____ 56,282,649 55,291,839 56,125,075 57,229,886 Aud., T . B. MacRae; Gen. M gr., E. O. Noe. OUice.1001 Royal Insur.
Chicago.— V. 88, p. 296, 371, V. 90, p. 304. 367, 373, 978, 1426;
Passenger earnings.........$2,814,132
$2,842,447 $2,882,717 $2,936,999 Bldg.,
V. 92, p. 264, 320, 597, 1437; V. 93. p. 164, 528.
Miscellaneous.................
140,319
134,552
135,610
132,956
(a) C hicago Ju n ction R R . — (.See M a p , page 35).
Gross earnings...........$2,954,451
$2,976,999 $3,018,327 $3,069,945
ORGANIZATION.— Organized in the interest of the South Side Elevated
Operating expenses___
1,426,812
1,396,981
1,544,125
1,556,015 RIt. to build lines to connect that company s track with the Stock Yards.
Only a nominal amount of stock has been issued ($50,000), which is held in
Net earnings.-...........$1,527,639 $1,580,017 $1,474,202 $1,513 930
trust for the South Side Elevated in case that company should at any time
Other income................
14,279
14,182
8,537
8,770 wish to absorb it. Is leased to the South Side Elevated for 50 years (with
right to purchase at cost within 20 years), rental being Interest on bonds,
T o ta l.......................... $1,541,918 $1,594,199 $1,482,739 $1,522 700
taxes, &c. Franchises are without limit.
Deduct—
STOCK AND BONDS—
D a te. In terest.
Outstanding.
M a tu rity.
R entals.......................... 1 $309,968
f$311,579
$317,713
$323,186 qfnpiri
--------------- -----------see text.
__ _______
196.924
| 191,129
180,312
180 252
Taxes, &c.................- - 1
st
mtge,"'$2.32Y.bOO,
gold!
1905
4
g
M-S
$2,327,000
Mch.
1 1945
Interest......... .................
616,265
603,116
578,351
576 531
($1 000), guar p & i ___ c*j First Trust & Sav. Bank, Chicago, Trustee.
Preferred dividends.-.(6% )523.092(4M )370,083 (3)261,237 (3)261 237
Bonds.— Are subject to call at 105 and int. In event of consolidation with
Side Elev., this issuo of bonds is to>bo retired. V. 80, p. 871. Bonds
Balance .................. def.$104,331sur.$118,292sur.$145,126sur.$181,494 South
are guar., p. & L, by Chic. June. Rys. & Un. Stk. Yds. Co. See V. 82, p. 568.
DIVIDEN DS.— First div. on pref. stock, 2>S%, Feb. 28 1900 (out
ROAD
— Consists of an elevated road (from junction with South Side
of earnings for year
ending Feb. 28 1900); then
2%
1900;
1I Vh
U%
j
W lU i &
/O Aug.• d31
l A
3U U
%
Feb. 1901; Aug. 31 1901. 2% : Feb. 28 1902, 1%; Aug. 30 1
9 0 2 ,11W
!?%
1902,
%:- “ L ” at 40th Street) to the Stock Yards, and a loop around the same, 3.75
miles.
Was
completed in May 1908.
Feb. 28 1903,
V
'
"
----------”
"
"
----->3, 1M%; in 1907, Mar. 30, H % ; June29, 3
A % ‘, Sept. 30. %%•
none to March
arch 1910, when
(Q.) was paid; June, M % ; Sept., %%■
OFFICERS.— Pres., John A. Spoor; V.-P. & Sec., H. E. Poronto: Treas.,
Dec., H % . In 1911, March,
June. M % : Sept., H % - In 10fS, R B. Thomson; Asst. Treas. & Sec., S. A . Bracken; Aud., C. C. Chace.—
V. 87. p. 346.
______
CHICAGO & OAK PARK ELEVATED R R .— ( See m ap page 35.)
ROAD.— From terminal station at 5th Ave. westerly about 614 miles
Receivership. — On Nov. 13 1911 Judge ICohlsaat appointed Samuel
with branches; total length o f road (including Douglas Park branch____
and Insull receiver for the Railroad. V. 93, p. 1386. On Doc. 29 1911 reextension and Garfield Park branch), 19.63 miles. Miles of slngle
single track,
track. ceiver was authorized to issue $2,000,000 receiver's certificates for improve-
J an., 1914.J
ELECTRIC RAILWAYS
35
ELECTRIC RAILW AYS
36
m erits. V . 9 3 , p . 1785. In Ja n . 1912 F ran cis V . D o b b in s o f R a h w a y ,
N . J , , w a s a p p o in te d r e c e iv e r fo r th o Railw ay C o . V . 9 4 , ]>. 123.
F oreclosu re.— J u d g e K o h ls a a t in th o U . S . D is tr ic t C o u r t a t C h ic a g o , o n
J u ly 17 1913. ord ered th e fo re clo s u re sale o f th o r a ilro a d . I h o a m o u n t
fo u n d t o be d u e is $ 5 ,0 8 0 ,9 8 4 .
U p t o J a n . 1 1914 ro a d h ad n o t been s o ld .
Sale o f S ecu rities.— O n Ju n e 20 1912 G e o . I I . C h u r ch b id in fo r $25 6 ,0 0 0
t h e fo llo w in g secu rities fo rm e r ly o w n e d b y th o C h ic . & O a k I’ ark E le v . R y.:
$ 8 5 9 ,0 0 0 L a k e S t. E lo v . IU t. 5 % in c. b o n d s; d o m a n d n otes o f C h ic . &
O a k P a rk E lo v . R R . v a r io u s ly d a te d fro m A p ril 23 1904 to Ju n o 15 1910.
a g g r o g a t in g $ 1 ,9 8 9 ,5 2 8 ; $ 5 ,8 5 0 L a k e S t. K ie v . R R . in c. b o n d s s c r ip . A t
S h e r i f fs sale in N e w Y o r k o n Ja n . 26 1912, M r . C h u r ch b id in fo r $2,0 0 0
a ll title o f th e R y . C o . in th o fo re g o in g b o n d a n d n o te s , also s o m e $ 4 7 3 ,uuu
a d d itio n a l n otes o f th e R a ilr o a d C o ., a n d in c e r tific a te s fo r 91,651 17-4Ush a res o f C h ic . & O ak P a rk E le v . R R .
V . 9 4 , p. 1763.
,
., 99
T h o C h ic . & O a k P a rk E le v . R y. w as in c o rp . in N e w Je rse y o n A p ril
1904 t o h o ld th o secu rities o f th o C h ic a g o & O a k P a rk Elevated R ailroad
C o . , fo r m e r ly th o o ld L a k e S tre e t E le v a te d R R ., re o rga n ize d p er p la n in
V . 7 7 , p . 1874: V . 7 8 , p . 1392. N o rth w e s te rn E lb v a to d o w n s o l % o r s t o c k .
F ran ch ise expires in 1930.
.
STO C K AN D BO N DS—
D a te. In terest.
O utstanding.
M a tu r ity .
Qf
X10 ,0vJvy ,WvJU ~
““7
L a k e St*El" 1st" M $57000,000", 7 1893 5 J - J
C h ic-ia o *and
___ t f 1A m o rica n T r u s t & S a v . B a n k , C h ic a g o , and
gu a r b v N W E l
c | C e n tr a l T r u s t o f Illin o is, C h ic ., T ru s te e s .
gu a r n y in
I n c o m o m t g e , $ 1 ,0 0 0 ,0 0 0 ----------------E q u ip m e n t n o t e s -------------------------------
5%
---------------
i o n ’non
D a te.
In terest. O utstanding.
M a tu r ity .
STO C K A N D BON DS- $75 0 ,0 0 0 ......................
C o m m o n , $ 7 5 0 ,0 0 0 ------------ .................................... ..
Q -J
5 8 ,9 0 0 ........ ..............
P r e f, 6 % c u m , $ 2 5 0 ,0 0 0 — _________
J 1899
5 g J-J
7 5 0 ,0 0 0 J u ly 1 1919
F irst m o r tg a g e , $75 0 ,0 0 0
. . ( i n t e r e s t a t U n . S a v . B k . & T r . C o . , C ln ., T r .
($ 1 ,0 0 0 ), g o l d - - .
S T O C K .— P r e f. s to c k w as issu ed fo r m o n e y assessed o n ca p ita l s t o c k .
N o in terest has been p a id .
E A R N I N G S .— F o r y e a r e n d in g Ju n e 30 1913. gro ss, $10 9 ,1 7 9 : n e t, $ 3 7 ,
864 ; fix e d c h a r g e s , $ 4 3 ,8 8 4 ; d e f ., $ 6 ,0 2 0 .
R O A D .— O perates 3 8 .1 4 m iios o f track fro m A n d e r s o n ’s F e r r y , a t C in
c in n a ti, t o A u ro r a , H arrison a n d L a w re n ce b u rg .
O F F I C E R S .— P r e s ., J. C . H o o v e n , H a m ilto n , O .; T r e a s . a n d G e n . M g r .,
C . E . H o o v e r ; A u d ., E . M . G u m p f.— V . 7 8 . p . 2 0 1 1 ,2 3 8 3 ; V . 9 6 , p . 1839.
-------------------------------------
R e c e iv e r ’s c e r tfs , $ 2 . 0 0 0 , 0 0 0 - - -----------—
320 ,0 0 0 —
---------- Bonds — F irs t m o r tg a g e b o n d s assen tin g t o reorgan ization w ere s ta m p e d
s u b ie c t t o ca ll a t 105 an d in t. o n a n y in terest d a te . T h e o ld in co m e b o n d s,
w ith th e e x c e p tio n o f $ 1 2 8 ,6 0 0 , are h eld in tre a su ry o f th o railw ay c o m p a n y .
R O A D — O w ns a d o u b le tra ck e le v a te d ra ilw a y fro m F ifth A v e n u e an d
L a k e S treet to 52d S t. an d L a k o S t ., w ith spu r d o w n M a rk e t S t. t o M a d is o n
S t. T r a in s b eg a n running a ro u n d th o lo o p in O c t . 1897. C h ic a g o &
H a rlem form s an exten sion co m p risin g 4 m iles m oro o f d o u b lo tr a c k .
I o ta l
s in g le tra ck , 22.51 m iles.
R E P O R T . — F o r years en d in g Ju n e 30 fo r R ailroad C o .
1909.
1910.
1911.
1912.
786 ,6 0 0
$802,581
$ 8 1 2,95 5
$83 5 ,5 0 5
P a ssen ger ea rn in gs____
38,853
37,798
3 3 ,885
3 9 ,9 1 6
O th e r ea rn in g s ________
O p era tin g o x p e n s e s .
$875,421
611 .0 7 4
$84 6 ,8 4 0
639 .2 3 4
$84 0,37 9
568,349
$82 5,45 3
517,010
$26 4 ,3 4 7
3.5 1 5
$20 7,60 6
3,367
$ 2 7 2,03 0
$30 8,44 3
O th er in c o m o T o ta l In com eF ix e d c h a r g e s - -
$26 7,86 2
444 ,5 5 5
$21 0,97 3
*506,396
$272,030
474 ,187
$308,443
450 ,7 3 5
[ V o l . XCV1II.
$17 6 ,6 9 4
$29 5,42 3
$202,157
$14 2,29 2
D e f i c i t _____________
* F ix e d ch a rges in 1910-11 in c l. in t. o n flo a tin g d e b t , w h ich is n o t n ow
b ein g p a id .
R E C E I V E R . — Sam uol In su ll.— V . 9 2 , p . 1435; V . 9 3 p . 4 0 7 , 6 6 6 , 9 3 9 ,
138 6, 1785; V . 9 4 , p . 123, 2 0 6 , 278 , 1763; V . 97, p . 175.
UNION CONSOLIDATED ELEVATED R Y.
O R G A N I Z A T I O N .— F o r m e d in 1896 an d b u ilt fro m U n io n E le v a te d a t
6 th A v e . w est to M a r k e t S t.; th e n co t o M e tr o p o lita n W . S E L ; to t a l,
1-5 m ile o f tra ck ; is op e r a te d b y th o M e tro p o lita n W e s t Sido E i
h ranchise
expires O c t . 7 1945.
STOCK A N D BO N DS—
D a te. In terest.
O utstanding.
M a tu rity
---_______
$ 1 ,0 0 0 ,0 0 0 -----------------S to c k
- __- - - - - - - - __ _
Serios " A ” 1st m tg e , g o l d ,! 1896 5 g M - N
4 07 ,000 N o v l 1936
g u p & l b y M o t W S E L c p t / G . S h erm an , V .- P . C o n . T r . C o ., N . Y . , l r u s
M o r tg a g e $ 1 ,0 0 0 ,0 0 0 , o f w h ich $ 5 0 0 ,0 0 0 series “ A . ”
V . 6 3 , p . 1065O f th e $ 5 0 0 ,0 0 0 Series “ A " b o n d s $ 4 6 ,0 0 0 h eld b y C h ic . R y s . C o ll. T r u s t
a n d $ 4 5 ,0 0 0 in trea su ry , n o t in c l. in a m t. o u ts ta n d in g as give n a b o v o .
O F F I C E R S .— P r e s ., S am u el In su ll; V . - P . , G ilb e r t E . P o rte r: S e c . an d
T r e a s .. W , V . G r iffin .
________ ^
C IN C IN N A T I, O H IO .
CINCINNATI & COLUMBUS TRACTION CO.— A tr o lle y ro a d
R eceivership — T h e U n ion S a v . B a n k & T r u s t C o . o f C in c in n a ti, tru stee
o f b o t h m ortg a g es , w as o n A p ril 12 1913 a p p o in te d re ceiver o f c o m p a n y ,
flo o d s a n d in a b ility t o m e e t m a tu rin g b o n d issues b e in g assigned as th e
c a u se . V . 9 6 , p . 1156. I n t . o n 2 d M . b o n d s is in d e fa u lt.
O R G A N I Z A T I O N .— I n c o r p . J a n . 21 1903. Franchises expire in 1930.
F o r decision o f U . S . S u p re m e C o u r t h a n d e d d o w n o n N o v . 11 1912. h o ld
in g th a t th e B . & O . S ou th w estern an d th o N o rfo lk & W estern (stea m )
roa d s c a n n o t b e co m p e lle d t o g ra n t p h y sica l c o n n e c tio n w ith th e c o m a p n y ,
see V . 9 5 , p . 1402.
q -r n o ic A N D B O N D S —
D a le.
In terest. Outstanding.
M a tu rity .
C o m m o n $ 1 ,2 5 0 ,0 0 0 ( $ 1 0 0 ) . .....................................
$ 9 7 9,50 0 _ — .............
P f 5 % cu m $1 2 50 ,000 ( $ 1 0 0 ) - ____
________
925 ,500 ------------------F irs t m o rtg a g e,0 $ 6 0 0 ,0 0 0 , / 1905
5 g J-J
600 .0 0 0 J u ly 1 1 9 1 3
« 0i(i
_______ c * l In t. a t U n io n S a v . B k . & 1 r. C o . , C in ..T r u s t .
S e c o n d m tg e n o te s , $ 2 5 0 , 0 0 0 / ------5%
148,000 Jan
1 1914
( I n t . a t U n io n S a v . B k . & T r . C o ., C in cin n a ti.
Bonds — T h o d en om in a tio n s o f th o fir s t m o r tg a g e b o n d s are, re s p e c tiv e ly ,
6 $50 ,0 0 0 : 30 $ 5 ,0 0 0 ; 100 $ 1,000: an d 100 $ 50 0. T h e y can b e ca lled at
a n v tim e a t p a r. B o n d s o rig in a lly m atu red J u ly 1 1909 b u t w ore e xten d ed
for 214 y ea rs. V . 8 9 , p . 102, 720 . O n Ja n . 1 1912 th e y w ero again ex
te n d e d 18 m on th s . S eco n d m tg e . n o te s fell d u e J u ly 1 1912 b u t w ero
ex ten d ed fo r 18 m o n th s t o J a n . 1 1914.
E A R N I N G S .— F o r 12 m o s . en d in g D e c . 31 1912, g ro s s , $ 1 1 7 ,5 9 8 ; n e t,
$ 4 3 ,4 0 7 .
1911, gross, $11 8 ,3 3 7 ; n e t, $ 4 3 ,1 5 5 .
R O A D — O p erates 54 m iles o f tra ck b etw een C in cin n a ti a n d H illsb o ro ,
p u t in c o m p le to o p era tion in F o b . 1906. S tan d ard g a u g o , 70 lb . T rail.
O F F I C E R S .— P r e s ., I I . H . H o ffm a n ; V .- P . , L ew is S e a so n g o o d ; 2d V .- P . ,
n a r r y J G ib s o n ; S e c ., W illiam T o p te ; T r e a s ., O . J . G o ld b e rg .— V . 9 4 ,
p . 278 ; V . 9 5 , p . 1402; V , 9 6 , p . 1156.
CINCINNATI MILFORD & LOVELAND TRACTION CO.
O R G A N I Z A T I O N .— In c o r p o r a te d in O h io in S ep t. 1902 an d pu rch ased
fra n ch ises an d righ ts o f th e C in cin n a ti M ilfo r d & E a ste rn T r a c tio n C o .
STOCK AN D BON DS—
D a te.
In terest. O utstanding.
M a tu rity.
$ 1.000,000
_ ------C o m m o n , $ 1,000.000 ($ 1 0 0 )........ ...............................
P r e f, $ 6 5 0 ,0 0 0 , 5 % c u m .......... - - - - ------6 49 .425 N o d i v . y e t .
F irst m o r tg a g e , $ 5 0 0 ,0 0 0 , g f 1905
5 g J -J
4 4 1 ,0 0 0 J u ly 1 1925
($ 5 0 0 )____________________ c * i l n t . at P r o v . S a v . B k . & T r . C o . , C in ..T r u s t .
Bonds.— A r e s u b je c t to call a t a n y tim e a t 110. See V . 8 1 , p . 264 .
R O A D .— O perates 37 m iles o f tra ck fro m C in cin n a ti t o B la n c h ts te r .
G a u g s , 5 f t . 2 in .; 7 0 lb . rails. E n te rs C in cin n a ti o v e r th e tra ck s o f th e
C in cin n a ti T r a c tio n C o .
O F F I C E R S .— P r o s ., B . H . K ro g e r ; S e c ., J . N e v in R o b e r t s ; A u d ., A . O .
W e n z e l.— V . 8 1 , p . 264 .
_______
INTERURBAN R Y. & TERMINAL CO.— A trolley road.
O R G A N I Z A T I O N .— In c o r p o r a te d in O h io o n N o v . 3 1902 a n d Is a c o n
s o lid a tio n o f th o C in cin n a ti & E a stern E le c tr ic R y ., th o R a p id R a ilw a y C o .
an d th e Sub u rban T r a c tio n C o .
In J u ly 1907 o b ta in e d a u th o r ity t o Issue
$ 1 ,0 0 0 ,0 0 0 p re f. s t o c k , o f w h ich $ 9 0 0,00 0 w as in e x ch an g e fo r an equa l
a m o u n t o f 1st m tg e . b o n d s d a te d 1903. V . 8 5 , p . 22 1 , 4 6 9 . T h e 1903
b o n d issue has been en tirely ca n c e le d . In 1908 a new m tg e . m a d e , as b e lo w .
STOCK AN D BO N DS—
D a te.
Interest. Outstanding.
M a tu rity
C o m m o n , $ 2 ,5 0 0 ,0 0 0 ($ 1 0 0 ).......................................
$ 2 ,5 0 0 ,0 0 0 .......................
P r e f 5 1 ,0 0 0 .0 0 0 ($100) 5 % - .......................................
1 ,0 0 0 ,0 0 0 .......................
First m o r t g a g e / $ 1 ,6 5 0 ,0 0 0 ./ 1908
5 J: J
See te x t.
1928
g o ld
- . t f ( I n t . a t C in cin n a ti T r u s t C o . , T r u s te e .
BontfY— o F t ho"$ TjfoO.OOO 1st m tg e . b o n d s, a sm all p o r tio n has been s o ld ;
th o rem ain der is be in g used as co llateral fo r loans.
E A R N I N G S .— F o r calen dar y e a r 1912, g ro s s , $ 3 3 0 ,6 4 3 . In 1911, gross.
$ 3 2 9 ,4 8 7 . In 1910, g ro ss, $ 3 1 9 ,1 7 3 .
R O A D __ C o m p rise s 22 m iles o f tra ck betw een C in cin n a ti and N e w R ic h
m o n d , 33 m iles b etw een C in cin n a ti an d L e b a n o n and 28 m iles fro m C in
cin n a ti to B e th e l. T h o latter s e ctio n w as leased in A u g . 1906 t o th e U n ion
G as & E le c . (Jo! o f C in c in n a ti, b u t lease ca n ce le d A u g. 31 1907. G a u g e.
5 ft 214 in . A ls o ow n s term in al s ta tio n on S y ca m o re S t ., C in c in n a ti.
C a rs enter C in cin n a ti o v e r th e tracks o f th e C in cin n a ti T r a c tio n C o . 7 0 -lb .
an d 9 7 -lb . T rail. T o t a l tr a c k , 101 .4 m iles, all o p e ra te d .
O F F I C E R S __ P res G e o . I I . W o r th in g to n ; V .- P ., W a rre n B ic k n c ll; S ec.
a n d T ? e S . J M . H u t t o n f - V . 8 5 . p . 2 2 1 .4 6 9 ; V . 8 6 . P- 285; V . 9 5 . p . 1331.
OHIO TRACTION CO.
~
O R G A N I Z A T I O N .— In c o r p o r a te d in O h io o n M a y 2 2 1905 a n d ow n s
p r a ctica lly th e en tire ca p ita l s to c k o f th o C in cin n a ti T r a c . C o . , th e C in c in n-ifi vru!In j?in'v1 On a n d C in c ln n a t l C a r C o . , besides a largo in terest in th o
c o m a n d p r e f s t o c k o f t h e C t a c l n n a t l D a y to n & T o le d o T r a c . C o O n Ju ly 6
i nnV i Z s n f th e C ln & H am ilton T r a c . C o . w as assigned t o th is c o m p a n y
b y °th tfc l°n .° 11iterur ban C o . a n d °t ho latter c o m p a n y p la ce d in I W t a t t a , .
T h is c o m p a n y also acq u ire d th o p r o p e r ty o f th e f r a c t io n B u ild in g C o ..
22 1013 Plan p a d . , . o b u ild . m y M g J
rapid transit lo o p an d w ill be s u b m itte d t o ‘ ^ e O R y C o u n c il M d th e
c o s shareh olders, a n d , i f a p p ro v e d b y th e m , t o th e . f t f f l l v
o f its
agreem en t c o n te m p la te s: (1) Surrender b y th e C n cin n a ti ®4r fc, / ; ickot<J
prosent fra n ch ise; (2) a c c e p ta n c e o f an in d e te rm in a te igrant w ith 6 tick ets
fo r a qu a rter on th e C in cin n a ti sy s te m , an d rig h t t o c it y to b u y th e p r I roJ
at th e end o f 5 years; (3) division o f earnings w ith c it y ; (4) opOTation a t 5 %
rental o f rap id transit lo o p to b o b u ilt b y c it y a t c o s t o f a b o u t $7,UUU,UUU.
F ° 7 Y [f u r c L f o n a- U f o c t 924
12 J u d g e K in k e a d in the C o u rt o f C o m m o n
P leas held th a t tho c o m p a n y m u st p a y an excise tax u p o n th e earnings
d e r iv e d fro m su b sid ia ry co m p a n ie s , aH hough these
th em selves p a id th o S ta te excise ta x . V . 9 o . P- 1473. A n app eal has been
taken t o th e C o u rt o f A p p e a ls .
In terest.
O utstanding. Last D iv .
STOCK—
D a te.
Q -J
$ 8 ,6 5 5 ,0 0 0 S ee te x t.
C o m m o n , $ 1 0 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) - ------Q -F
8 ,8 0 0 ,0 0 0 N o v 13, I X
P r e f, $ 1 0 ,0 0 0 ,0 0 0 . 5 % c u m r r _ - F^
S
S
7§ ^ 0 0 0 ) g ° l d ’ { l n t Ua t F id e lity T r u s t ^ m / P h l l a
T m stoe
Stocfc — F u rth er ’issues" o f s t o c k c a n o n l y - b e m a d e J o r a cq u ire m e n t o f
0 t Bon<?sr — ^F irst m t g e ^ o v e r ^ h o M i n g s o f s to c k o f th e C in cin n a ti T r a c tio n
C o a n d C i n c fn n S t iC a r C ^ o w n e d an d co n tr o lle d b y O h io T r a c . an d all
nth'n?nrnne?t
fren
x ce
c ep
p ctio n T r aica
c tio, n
ip redeem
o f s to cable
k in
o th e r ^ e ^ yY aS
n d fr
a meM
m issre
e s eex
C oc o s . Bo ownndersh
s are
S ' . w h o t o S r i t e M t e l 1910. o r in p a rt fo r sinking^ fun d o n M a r . I
1912 o r a n y in t. d a te thereafter a t
S ln km ” funtl p ro v i(ics for
retirem en t o f b o n d s a t m a tu r ity .
V.
S ' u » _ w aa „~|,i Amr 1 l o n v
D ivid en d s.— F irst d iv . on p re f. s t o d c — 1 K % — wa.s
J* ^ u g . 1 1905.
1 K % has been paid q u a r. sin ce t o a n d in c l. N o v . 1913. O n c o in ., first d iv .
— W o — paid N o v . 1 1909. In 1910, O c t .. 1 % .
In 1911, J u ly . 1 % , O ct
1% .
In 1912, J a n ., 1 % : A p ril. l % ; J u * ^ l O c t . , 1 % , D o c . . l ^ .
In
1913, A p ril, 1 % ; J u ly , n o n e . V . 9 7 , p . 50.
oti' f i o f u q __ P res
w
K e sle v S c h o e p f; V .- P s ., C h a s. I . l a f t , J . B .
T, S
Cr
8v r ^ r l ' M iw
D a n a S te v e n s; S e c ., W a lte r A . D ra p er;
F o ra k e r J r .; V .-P . & G e n . M g r .,
» M c A iis t o r ; A u d ., I I . L . Sanders.
- V . - 9 2 ? p . 462 . 7 2 6 7 v 94 p l6 9 6 : V . 95, p . 81 8 . 1473; V . 9 6 . p . 948 .
1157, 1365; V . 9 7 . p . 50.
(1) T h e C i n c i n n a t i T r a c t i o n C o .
O R G A N I Z A ’I’ I O N __ In c o r p o r a te d in O h io o n F e b . 19 1901 w ith an au tli.
CINCINNATI GEORGETOWN & PORTSMOUTH R R .— Steam and
cOah8iot oT?r*aSc2. kC oo f. ) ,$ 2t o.Mtak
0 lOW
^ er
« ileaso
l « ^thV
15 cin
^ nUa ti 1sS treot
M t Rvy .y rCno 0
o o v*e rw u nd
o C’ in
.
ICn lJu*ly 1911 c o n tr o l o f ro a d ch a n g e d han ds an d In S e p t. 1911 on tered in to
a m a n a gem en t agreem en t w ith th o X^elicity & D othel R R . an d th o O h io
R iv e r & C o lu m b u s R R . (a ste a m r o a d ) . V . 9 3 , p . 796 .
O R G A N I Z A T I O N .— F o r m e r ly a n arro w -g a u g e steam r o a d , b u t n o w
o p era ted b y b o th e le ctricity and s te a m .
U nder O h io law rom ain s a ste a m
r o a d . Franchises p erp etu a l.
STO C K A N D BON DS—
D a te.
In terest. Outstanding.
M a tu rity .
S to c k . $ 1 ,5 0 0 ,0 0 0 __________________________ - - - - - $ !.5 0 0 ,0 0 0
1st m tge', $l\ 000 ~,bO O ".'gold/ 1902
5 g J-J
1,000,000 J an
1 1932
($1 000)
c * ( I n t . a t U n io n S a v . B k .& T r .,C ln .,T r .,& ln N .Y
F e l & B e t h 1st M $ 1 0 0 ,0 0 0 , g i 1905
5 g A -0
100,000 O ct
1 1935
($1 0 0 0 ). n o t ca lla b le ___ c * ( I n t . a t U n io n S a v . B k . & T r ., C in ., T r u s te e .
O h io U i v & C o l 1st M . g o l d ,/ 1903
5 J -J
,
f 500 .000 Ju n o 1 1933
$ 1 ,0 0 0 ,0 0 0 ($ 5 0 0 , $ 1 ,0 0 0 ) c ( I n t . a t U n io n S av in gs & T r . C o ., C in e ., O h io .
E A R N I N G S .— F o r c a l. y ear 1911, gro ss, $ 1 8 5 ,4 4 1 ; n e t , $ 3 4 ,1 9 0 .
In
1910, g ros s , $17 4 ,0 1 1 ; n e t. $ 2 4 ,4 4 8 .
R O A D .— O perates 49 m iles fro m C in c in n a ti so u th e a ste rly t o R u s s e ll
v llle , Inclu din g branches o f 3 .5 m . t o B a ta v ia a n d 1.5 m . to C o n o y Isla n d.
T h e F e licity & B eth el has 8 .5 m . o f track b etw eon th e p o nts n am ed in its
title . T h e O h io R iv e r & C o l. exten d s fro m R ip le y to S ardin ia, 24 m iles.
O F F I C E R S .— P r e s ., A . J . S iegel, S t. L o u is; V . - P . , E . G . H . K e ssle r,
S t . L ou is; S ec. & G e n . M g r ., C h a s . J . F in g e r.— V ._9J. p . 229 , 796 .
SeF 7 a n c h is e 'B U L -A b ill t o re v o k e th e c o m p a n y ’s
fra n ch is e .w a s
passed b y th o H ouse a t C o lu m b u s o n A p ril 11 l J l 'L b u t th e Senate C o m m ittc o o n M u n icip a l A ffa irs refu sed to re p o rt th o I>i}l .
» •. ^5, P. 1156.
In A p ril 1913 the O h io L egislatu re passed a b ill g iv in g th o c it y o f C i n c in nnH th e n ew er t o nm -ehaso tlio c o m p a n y s p r o p e r ty “ u p o n p a y in g th erefor
?nsfc co m nensat io n ’ but^only if a p p ro v e d at c it y e le c t io n ), a n d in th o m ea n -
C IN C IN N A T I L A U R E N C E B U R G & A U R O R A E L E C T R IC S T R E E T
R R . — A tro lle y r o a d .
„
,
,
..
, . ,
R eceivership.— O n Ju n e 23 1913 J u d g e W a rn e r a t C in cin n a ti a p p o in te d
F . S. S hu tts o f F lorid a re ceiver on a p p lica tio n o f P ro s. J . C . H o o v e r , w h o,
it is s ta te d , loan ed th e c o m p a n y $ 1 2 5 ,0 0 0 . T h e c o m p a n y s u ffe re d d a m a g e
fr o m th e recen t flo o d . V . 9 6 , p . 1839.
O R G A N I Z A T I O N .— In c o r p o r a te d in N o v . 1898. F ranchises expire in
192 4 an d 1925.
>o 10,13, o u t
o n M a y 20 tho m en retu rn ed t o w o rk , an agreem en t h a v in g been re a ch ed ,
a e D e c i s io n s — O m b e c . 27 1911 J u d g o H o ffh e im e r in S u p erior C o u rt d e cid e d
th a t c o m p a n y is a c c o u n ta b le t o c it y fo r 6 % o f gross earnings fro m all tr a ffic
w ith in c it y lim its ,[in c lu d in g th o p a r t o f it re ta in e d b y in teru rb an ro a d s .
D a le .
In terest.
Outstanding.
M a tu rity.
N O T E S __
E q n o te s ’ ’A ^ O p ^ S L O O p , ) 1908
6 g A -O
$ 1 0 0,00 0 See te x t.
E q u ip n o te s Ser “ B ” $36 0,00 0
a t F id e lity T r u s t C o ., P h lla ., T r u s te e .
g o ld ($ 1 ,0 0 0 ).............
5 g J -J
176,000 See te x t.
E q u ip n o te s, Series
T ru st C o . , P h ila d e lp h ia , T r u s te e .
$ 2 2 0 ,0 0 0 . g o ld ($1,000)
■ g A -O
3 2 3 ,0 0 0 See te x t.
E q u ip n o te s. Series “ ]
_________
.......... ....
_
rust C o . , Philadlophia, T ru s te e .
$34 0 ,0 0 0_, og o...........
ld ($1,000)
A ll fo u r issues o f n otes are g u a r .,p .& L , b y C in .T r a c .C o . Series A and
are 1st m tg e . on 50 new ca rs. T h e y m atu re $10 ,0 0 0 e v e r y six m o n th s fro m
O c t . I 1908 to A p ril 1 1918, In cl. Series “ B "
a 1st mtore. o n 100 new
cars a n d m atu re $ 18 ,000 e v e ry 6 m o s . fro m J a n . 1 1911 t o 1920, in c l.
V. 91.
p. 154. Serios “ O ” n otes are 1st m tg e . o n 5 0 now ca rs. T h e y m atu re
$11 ,000 h a lf-y e a rly fro m Jan . 1 1 9 1 2 t o J u l y 1 1921. V . 9 3 . P . 5 2 6 .
Series
“ D ” are a 1st M . on 76 now cars an d m a tu re $ 1 7 ,0 0 0 h a lf-y e a rly fro m A p r . 1
1913 t o O c t . 1 1922, Incl. V . 9 5 , p . 889 .
R E P O R T .— F o r 12 m o s . ondtng D o c . 31 1912, g ro s s , $ 5 ,2 5 1 ,3 9 9 ; in 1911,
gro ss, $ 5 ,0 8 7 ,1 4 9 ; in 1910. gross, $ 5 ,0 0 ..5 1 0 ; in 1909, gross, $ 4 ,7 3 1 ,7 3 1 .
J an ., 1914.
ELECTRIC RAILWAYS
O—
i
E a rly In 1912 m a d e a c o n t r a c t w ith th e C le v e la n d E le c tr ic I llu m in a t in g
R O A D .— T h e C in c in . S t. R y . com p rise s 2 27 .23 m ile s o f tra ck in th e c it y |
, „ _
o f C in c in n a ti, O h io, ex te n d in g also t o a d jo in in g su b u rb s. T h e last ca b le C o . fo r th e p u rch a se o f p o w e r .
In F e b . 1912 e n te re d in to an ag re e m e n t w ith th e N o r t h R a n d a ll R y . t o
lin e w as c o n v e r te d t o e le ctr ic ity in Jun o 1902. G a u g e , 5 f t . 2 A m .
o p e r a te ca rs o v e r an e le ctr ic ra ilro a d b u ilt b y th a t c o m p a n y f ro m t h e B r o a d
O F F I C E R S .— P r e s ., W . K e sle y S c h o e p f; C h a irm a n E x e cu tiv e C o m m .,
w a y lin e o n M ile s A v e . t o t h e N o r t h R a n d a ll ra c e -tr a c k a n d fa ir g rou n d s,
"W. K esley S ch o e p f; V .- P ., J . B . F o ra k cr Jr; V .- P . & G e n . M g r ., D a n a
3 A m iles. T h e ro a d w as p la c e d in o p e r a tio n J u ly 29 1912. T h e N o rth
S teven s; S e c ., W alter A . D ra p e r; A s s t. S e c ., I ) . .I . D o w n in g ; T r e a s ., W . I I .
R a n d a ll R y . gu aran tees th e c o m p a n y a g a in st lo ss. A ft e r p a y m e n t o f a ll
M c A lis te r ; A u d ., II. L . Sanders; A sst. G e n . M g r ., T . F itz g e ra ld ; S u n t.
exp en ses, in c lu d in g in te re s t, th e su rplu s earnings are t o b e e q u a lly d iv id e d
T r a n s p ., A . J . O sten d o rf; C h ie f E n g ., T h o s . E llio tt; P u r . A g t ., C . B u rc k - b e tw e e n th e tw o c o m p a n ie s .
______ ____
m y e r .— V . 9 1 , p . 154, 1327; V . 9 3 , p .5 2 6 ; V . 9 4 , p . 2 0 b ; V . 9 5 , p . 8 1 7 , 889 .
O n S e p t. 16 1912 th e O h io P . S . C o m m . a u th . th e issu an ce o f $ 3 ,0 1 4 ,9 2 0
V . 9 6 , p . 1156, 1364, 1488.
a d d itio n a l s t o c k fo r e x te n sio n s, b e tte rm e n ts a n d im p ro v e m e n ts , a n d t o p a y
p a r t o f b o n d s d u e M a r . 1913. V . 9 5 , p . 236 , 480 . O n J a n . 20 1913 th e
(a ) C i n c i n n a t i S t r e e t R a il w a y .— E le c tr ic .
d ir e cto r s a u th o r iz e d , an d o n F e b . 20 1913 th o P . S . C o m m , a p p r o v e d ,a
W a s leased on F o b . 21 1901 t o th e C in cin n a ti T r a c t io n C o . fo r th e u n ex
p ired term o f th e fra n ch ise gra n te d b y th e C it y o f C in cin n a ti o n A u g . 13 fu r th e r $ 3 ,6 1 7 ,9 0 0 t o b e issu ed a t p a r t o p r o v id e fu n d s t o re tire b o n d s w h ich
1896, an d all su ccessive renew als an d exten sion s o f the sam e.
The ren tal Is M a t u r e d M a r . 1 1913. V . 9 6 , p . 789.
On D e c . 27 1913 th e d ir e cto r s a u th o r iz e d $ 2 ,1 4 1 ,1 0 0 m o r e s t o c k a t p a r ,
in ten d ed t o p r o v id e d iv id e n d s o f 5M % fo r th e firs t y e a r, 5 H % fo r th e sec s u b
je c t t o a p p ro v a l o f P . S . C o m m ., fo r e x te n sio n s, b e tte rm e n ts a n d im p ts .
o n d , 5 H % fo r th e th ird an d 6 % fo r th e fo u r th y e a r an d th ereafter. V . 7 2 .
V . 9 8 , p . 7 3 , 155; V . 9 7 , p . 1897.
p . 136. F ran ch ises, it is cla im e d b y c o m p a n y , m a tu re A p ril 22 i'J4t>.
STO CK AN D BO N DS—
D a te . In terest.
O utstanding.
M a t u r it y .
O R G A N I Z A T I O N .— I n c o r p o r a te d Ju n e 21 1880 a n d in 1896 p u rch ased
S t o c k $ 3 5 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) ....................
Q -J
$ 2 1 ,4 1 1 ,4 0 0 J a n . ’ 14, 1 A
M t . A d a m s & E d en P a rk an d M t . A u b u r n ro a d s .
F ir s t m o r tg a g e $ 3 5 ,0 0 0 ,0 0 0 g\ 1911 5 M -S
5 ,4 9 5 ,0 0 0 M c h 1 1931
STO CK A N D BO N DS—
P a r.
In terest. Outstanding. L a std iv & c.
( $ 1 , 0 0 0 ) ________ ______ _ . c * /I n t e r e s t in N e w Y o r k C it y o r C le v e la n d .
S to c k , *2 0 ,0 0 0 ,0 0 0
.............S50
6 Q -J
* 1 8 ,5 1 1 ,9 5 0 Sep te x t.
P on d s.— O f th e fir s t m o r tg a g e o f 1911, $ 5 ,0 0 0 ,0 0 0 a u th . m a y b e issued fo r
D ividends.— T o an d in clu d in g A p ril 1901, 5 % p er an n u m ; J u ly 1 an d
8 5 % o f cash c o s t o f exte n sio n s, b e tte r m e n ts , & c ., a n d rem a in in g b o n d s fo r
O c t . 1 1901 a n d J a n . 1 a n d A p r i l 1 1 9 0 2 , 1 . 3 1 2 5 ^ e a ch : J u ly 1 1902, O c t . 1 5 0 % o f su ch cash c o s t , w hen n e t earn in gs fo r p re v io u s 12 m o s . shall h a v e
1902, Ja n . 1 1903 a n d A p ril 1 1903, 1 .3 7 5 % ea ch J u ly l a n d O ct.. 1 1903 e q u a le d a t least tw ic e th e in t . ch a rg e , in c lu d in g b o n d s p r o p o s e d t o b e issu ed.
a n d Jan l a n d A p ril 1 1904, each 1 .4 3 7 5 % ; J u ly 1904, l A /o , u c t . u u i ,
B o n d s are r e d . o n a n y in t. d a te a t 105 a n d in t . C itiz e n s ’ S a v in g s & T r u s t
144%
D iv id e n d s since h a v e been a t th e rato o f 6 % per a n n u m a n d w ill C o . , C le v e la n d , a n d B a n k e rs T r u s t C o . , N . Y . , tru stees. V . 9 2 , p . 6 5 9 .
s o c o n tin u e t o th e en d o f lease a n d its renew als.
R E P O R T .— F o r ca le n d a r ye a r:
O F F I C E R S — P re s ., Jo h n K ilg o u r ; V .- P ., E d w a r d G o e p p e r; S e c. &
Y ea r.
Gross.
N et.
Olh. I n c . I n t.& T zs. D i v .(6) B a L .D e f.
T r e a s A J B c c h V - V . 8 3 , p . 1523; V . 8 4 , p . 1551; V . 9 1 . p . 1446; V . 9 7 .
1 9 1 2 ______ $ 6 ,6 4 8 ,7 5 6 $ 1 ,7 1 3 ,1 8 2
$ 31 ,017 ------- $ 1 ,7 8 3 ,1 3 4 —
$ 3 8 ,9 3 5
1 9 1 1 ______ 6 ,3 6 7 ,4 4 9
1 ,4 7 1 ,4 8 0
5 5 ,7 6 0 90 7 ,9 8 9 9 0 3 ,8 3 6 2 8 4 ,3 8 5
p . 364.
D ivid en d s.— First d iv .— I A % — u n d er new fra n ch ise o r d in a n c e o f D e c .
(2) C incinnati & Hamilton T ra ction . — A tr o lle y r o a d .
O R G A N I Z A T I O N .— T h is c o m p a n y w as org a n iz e d in A u g . 1902 as a 1909 p a id A p ril 1910 a n d 1 A % q u a r. sin ce t o a n d in c l. J a n . 1914.
co n s o lid a tio n o f th e M ill C re e k V a lle y Street R y . an d th e H a m ilto n G len d ale
R O A D .— O perates o v e r 260 m iles o f tr a c k . M o s t ly 8 2 , 9 5 , 103 a n d
& C in cin n a ti T r a c tio n .
V . 75, p . 497 . O n S e p t. 30 1902 w as leased t o th e
1 4 1 -lb . sta n d a rd ; 103 -lb. g ird e r rails.
C in cin n a ti In teru rb a n C o . (V . 7 5 , p . 9 0 6 ), b u t on J u ly 6 1905 loaso w as
O F F I C E R S .— P r e s ., J . J . S ta n le y ; V . P s ., C . F . E m e r y a n d R . A . H ar
assigned to th e O h io T r a c t io n C o . an d th e C in cin n a ti In te ru rb a n C o . p la ce d m a n ; S e c . & T r e a s ., I I . J . D a v ie s ; A s s t. T r e a s ., W m . J . M e a d ; G e n . M g r ..
in liq u id a tio n .
R e n ta l, year begin n in g O c t . 1 190 2-0 3, * 5 5 ,0 0 0 ; 190 3-0 4, G . L . R a d c liffe ; A u d ., T h o s . P . K ilfo y le .— V . 9 3 , p . 286 , 1190; V . 9 4 , p .
$60 ,5 0 0 ; 190 4-0 5, $ 6 6 ,0 0 0 ;
1905-06, $71 ,5 0 0 ;
1906-07 an d 1907-08, 350 ; V . 95. p . 175,
-----------------62> 2 0 ! , 2 8 4 ,4 1 9 , 7 8 9 , 1228;
236
, 4 8 0 , 749 , g08;
968; vV g6
$ 77 ,000 ;
1908-09 an d 1909-10, $82 ,5 0 0 ;
1910-11, $88 ,0 0 0 ;
1911-12,
V . 97, p . 364 , 1897; V . 9 8 , p . 7 3 , 155.
$ 93 ,500 ;
1912-13 t o 1914-15, $99 ,0 0 0 ; th e re a fte r, $ 1 0 0 ,0 0 0 .
STOCK A N D BO N DS—
D a te.
In terest.
O utstanding. L a st D iv .
CLEVELAND SOUTHWESTERN & COLUMBUS RY.— A tr o lle y roa d
Q -J
$ 1 ,1 0 0 ,0 0 0 Jan 1 4 ,1 %
S to c k , c o m , $ 1 ,1 0 0 ,0 0 0 ( $ 1 0 0 ) ____
In M a y 1913, s to ck h o ld e rs a n d O h io P . U . C o m m , a p p ro v e d a pla n w h ich
S to c k , preferred, $1,100,0001 ____
Q -J
1 ,1 0 0 ,0 0 0 Jan T 4 , l H
p r o v id e s fo r : (1) a u th orizin g $ 2 ,0 0 0 ,0 0 0 6 % c u m . p r e f. s to c k t o b e k n ow n
($ 1 0 0 ), 5 % , c u m u la tiv e ___ j
as 1st p r e f., p resen t issue t o b e $ 1 ,5 0 0 ,0 0 0 ; d iv s . Q .-J . (N o . l . J u l y 1 191 3).
D ividends.— -5% per ann um is be in g p aid o n th e p ro f, s t o c k . T h e first
R e d . o n a n y d iv . d a te , o r u p o n in v o lu n ta r y liq u id a tio n , a t 110 a n d d iv s .,
d iv . on th e c o m . o f 'A % w as p a id Jan . I 1904 an d A % w as again p aid on o r in ca so o f m erger a t 105 a n d d iv . (2) T h e cla ssifica tio n o f t h e p resen t
A p ril 1, J u ly 1 an d O c t. 1 1904.
In 1905, 1 % ; in 1906, I A % < in 1907, 2 % ;
p re f. s to c k as 2d p re f. (presen t p r e f. t o b e exch an g ed fo r now 2d p r e f ., sh are
in 1908, 2 % ; in 1909, 2 A % \ in 1910, 2 A % \ in 1911 a n d 1912, 3 % ; in
fo r share, th e h olders o i p resen t s to c k w a iv in g a c cu m u la te d d iv s .) a n d fix in g
1913, 4 % ; in 1914, J a n .. 1 % .
the d iv s . to a c c u m u la te thereon a t 4 % fo r 1914, 5 % fo r 1915 a n d 6 % f o r
1916 a n d th erea fter.
(3) A u th o riz in g a m tg e . t o C itize n s ’ S a v . & T r u s t
R O A D .— O w ns a n d o p era tes 3 1 .3 2 m iles o f tra ck fro m th e " Z o o ” In C in
C o . , as tru stee, to secu re an issue o f $ 2 5 ,0 0 0 ,0 0 0 5 % b o n d s d a te d F e b . 1
cin n a ti to H a m ilton and 15 m iles from C in cin n ati t o L o c k !a n d .
G auge.
1913. d u e F e b . 1 1943, in t. F . & A . , and a u th o riz e th e issue o f $ 5 ,1 0 3 ,0 0 0
5 f t . 2 H in . O perates o v e r tracks o f C in cin n a ti T r a c tio n C o .f r o m Z o o
b o n d s th ereu n d er fo r th o p a y m e n t o f ce rta in o f th e b o n d e d an d flo a tin g
t o F o u n ta in Squ are in C in cin n a ti.
O F F I C E R S .— P re s ., I I . H . H o ffm a n ; V . - P . , B . L . K ilg o u r ; S e c. & d e b t and t o retire u n d e rlyin g b o n d s . See V . 9 5 , p . 1607; V . 9 6 , p . 9 4 7 .
1296, 1556.
T r e a s ., A . J . B e c h t, all o f C in cin n a ti.— V . 7 5 , p . 290, 497 , 906.
O R G A N I Z A T I O N .— In c o r p o r a te d In O h io o n M a r c h 4 1907 an d is a
c o n s o lid a tio n o f th e C le v e la n d & Sou th w estern T r a c tio n C o . , th e C le v e la n d
A sh la n d & M a n s fie ld T r a c tio n C o . an d th e O h io C e n tra l T r a c t io n C o .
h or
CLEVELAND, OHIC.
term s o f exch a n g e see V . 8 3 , p . 1590. A ls o o w n s th e N o rw a lk G a s &
In 1907 a cq u ire d $50 5 ,0 0 0 o f th e $ 6 5 0 ,0 0 0 c o m m o n s to c k o f
C m n p tn u j^ tesu in e^ P ossession .— T h e receivers o f th e M u n ic ip a l Traction E le c tr ic C o .
th e M a n s fie ld R a ilw a y , L ig h t & P o w e r C o . , and in N o v . 1912, it is s ta te d ,
C o. h a v in g boon d isch arged an d th e d e b ts o f th a t c o m p a n y p r o v id e d fo r,
th e C lev ela n d R a ilw a y C o . on M a r . 1 1910 resu m ed possession o f its lines h a d n e go tia tio n s u n d er w a y fo r th e p u rch a se o f a d d itio n a l s t o c k w h en th e
u n d er ord in a n ce (see be lo w ) o f D e c . 1909. V . 9 0 , p . 626 . T h e lease t o the a p p o in tm e n t o f a r e ce iv e r fo r th a t c o m p a n y w as o rd e r e d . S ee b e lo w .
In Jan . 1913 th e E ly ria G ra fto n & S ou th ern R y . re d u ce d its ca p ita l s to c k
M u n ic ip a l Traction C o. w as c a n ce le d o f re co rd .
N ew F ran ch ise O rdinance.— T h e “ s e c u r ity ” fra nchise ord in a n ce gran ted fro m $ 1 0 0 ,0 0 0 to $ 1 ,0 0 0 , a n d th e N o rw a lk G a s & E le c . C o . fro m S12 5.0 00
t o $ 1 ,2 5 0 . In M a r c h 1913 th e C le v e la n d S o u th w . & C o l. re d u ce d th e
A p ril 27 1908 n o t bein g ra tifie d ( V . 8 7 , p . 1089) an d th e S ch m id t ord in a n ce
bein g d efea ted a t a referen d u m e le ctio n A u g . 3 1909 (V . 8 9 , p . 3 4 8 ), a new a u th o riz e d a m o u n t o f c o m m o n s to c k fro m $ 7 ,5 0 0 ,0 0 0 t o $ 4 ,2 3 6 ,0 0 0 .
fra n ch ise or d in a n c e ( V . 89, p . 1667) w as passed in D e c . 1909 b y th e C ity
STOCK A N D BON DS—
D a te. In terest.
O utstanding.
M a tu r ity .
C o u n c il, a n d a c c e p te d b y th e ra ilw a y c o . t based u p o n th e va lu a tio n o f the C o m m o n $ 4 ,2 3 6 ,0 0 0 ($ 1 0 0 ).........................................
$ 4 ,2 3 6 ,0 0 0 .......................
c o . fs p r o p e r ty as fix e d b y J u d g e T a y le r . T h e o rd in a n ce gran ts franchises to
re f $ 2 ,5 0 0 ,0 0 0 5 % cu m ( $ 1 0 0 ) ................................
2 ,4 1 2 ,0 0 0
o p era te on existin g road s t o M a y 1 1934, s u b je c t t o th e rig h t o f th e c it y to
1907 5 A -O
94 5 ,0 0 0 A p ril 1 192 7
F irst general co n so l m o rtg a ge
p u rch ase th e p r o p e r ty .
In case th e c it y shall p u rch ase an d tak e o v e r the
$ 1 0 ,0 0 0 ,0 0 0 ( $ l,0 0 0 )g c* & r I n t . a t C le v e la n d T r . C o . , C le v e ., T r u s te e .
p r o p e r ty o f th e c o m p a n y , as is in th is o rd in a n ce p r o v id e d , th en it shall p a y C le v e la n d & E ly r ia fir s t m o r t 1895 6 M -N
2 0 0 ,0 0 0 M a y 1 1913
ror th e sam e th e c a p ita l va lu e o f said p r o p e r ty , as fix e d b y S e c. 10, plus
g a g e o n 18 m iles ($500) In te re st a t C itize n s ’ S a v in gs & T r u s t C o . ,
1 0 % th e r e o f, th e c it y a t the tim e c f such purchase assum ing and agreeing
C le v e la n d , T r u s te e ,
_
S u b je c t t o ca ll.
t o p a y , in a d d itio n th e re to , all th e o b lig a tio n s , indebtedn ess an d liabilities E ly r ia & O berlin first m o rt
1897 6 F -A
100 ,000 A u g 1 1917
o f said c o m p a n y , an d all liens o th e r than b o n d e d in d ebted n ess upon its
g a g e on 9 m iles ($500) g o ld In te re st a t C le v e la n d T r u s t C o . , T r u s te e .
p r o p e r ty then existin g, w h ich b o n d e d in d ebted n ess the c ity shall, at the
S u b je c t t o ca ll.
tim e o f a n y su ch pu rch a se, p r o v id e fo r b y a ssu m p tion if th e law au th orizin g C le v B e r E ly r & O b erlin co n s
1899 5 g M -S
127 ,000 M c h . 1 1919
su ch p u rch ase p erm its, o r b y p a y m e n t if th e law so au th orizes a t the tim e
M $50 0 ,0 0 0 g ($ 1 ,0 0 0 each ) In terest a t C le v e la n d T r u s t C o . , T r u s te e .
a n d un d er th e p rov isio n s o f the b o n d s th e y aro c a lla b le , o r b y takin g the
S u b je c t to ca ll.
p r o p e r ty s u b je c t th ereto i f th a t b o th e m o d e p r o v id e d b y law fo r dealing C le v e la n d E ly ria & W estern
1900
5 g F -A
1 ,0 7 3 ,0 0 0 A u g . 1 1920
w itn such existin g b o n d e d in d ebted n ess In m ak in g su ch pu rch ase. O n and
fir s t m o rtg a g e $ 1 ,5 0 0 ,0 0 0 I n t. a t C le v e . T r . C o . , C le v e ., T r u s te e , o r a t
a fte r Jan . 1 1918 th e c it y m a y design ate a pu rchaser o r liconseo in p la ce o f
N a t . B a n k o f C o m m e r c e in N . Y . , M a y b e
($1,000) g o ld .................... c& r
th e c it y on p a y m e n t o f sam e a m o u n t. O n F e b . 17 1910 a t a referen d u m elec
called a t 100.
tion th o electors ra tifie d the ord in a n ce ( V . 8 9 , p . 1667; V . 9 0 , o . 167, 5 0 2 ). E ly r ia G ra fto n & S ou thern
1902 5 g J-J
100 .000 J a n . 1 1922
O n J u ly 10 1911 C it y C o u n c il passed an o rd in a n c e am e n d in g th a t o f D e c .
l t y firs t m o rtg a g e g u ar In terest a t C le v e la n d T r u s t C o . , C le v e la n d ,
1909 p r o v id in g , a m on g o th e r th in gs, fo r a d d itio n s to c a p ita l as re q u ire d an d
T ru s te e , an d T r u s t C o . o f A m e r ic a , N . Y . ,
an teed b y C E & W ($ 1 0 0 .p a r ticu la rly fo r th e im m e d ia te e xp e n d itu re o f $ 2 ,5 0 0 ,0 0 0 fo r im p ts ., e xten s.
C a n b e ca lle d a t p a r.
000 ($1,000) g o ld ---------- - c *
a n d eq u ip t. T h e or d in a n c e also p r o v id e d th a t th e rig h t o f th o c it y t o p r o N o rw a lk G as Sc E le ctric first 1900
6 A -O
110 ,000 A p ril 1 1920
p o s e e x t e n ., b o tte r m 'ts o r im p ts. shall te rm in a te w h en ever th e u n exp lred
m tg e , $11 0 ,0 0 0 ($ 5 0 0 ), g I n t. a t G u a rd ia n S . & T r . C o ., C le v e la n d ,
term or an y renew al t h e r e o f is less th an 15 ye a rs, an d also th a t d u rin g such
'i T ru ste e , o r C h ase N a tio n a l B a n k , N . Y .
S u b je c t t o ca ll.
p e r io d th e co m p a n y m a y o p e r a te a t th e m axim u m ra te o f fa re a n d fix th e C le v e la n d & S outhw estern f 1903
5 g F -A
$ 1 ,4 0 0 ,0 0 0 F e b 1 1923
sch ed u les s u b je c t t o th e p o lic e p o w e r o f th e c it y . P ro v is io n is also m a d o fo r
fir s t an d c o n s o l m o r tg a g e !I n t . a t G u a rd ia n S a v . & T r . C o ., C le v e la n d .
th o use o f su rplu s earnings d uring th is 15-yr. p e r io d , e ith er In th o p a y m e n t o f
$ 3 ,0 0 0 ,0 0 0 ($1 ,0 0 0 ) g - . c & r l
T r u s te e , o r E q u ita b le T r u s t C o . , N Y .
flo a tin g d e b t o r th o cre a tio n o f a s. f. t o p u rch ase secu rities a n d redu ce O h io O ^’ rac firs t m o rtg a g e ! 1899
5 g J -D
150,000 Ju n e 1 1919
c a p ita l valu e. A t a referend um election o n N o v . 7 1911, th e e lectors ratified
$ 1 5 0 ,0 0 0 ($ 1 ,0 0 0 ), g o l d _ c * ) l n t . N . H a v e n T r . C o . . N . H a v . .C o n n . T r .
t h e o r d in a n c e am en d in g th a t o f D e c . 1909.
O h io C en tral T r a c tio n c o n s o l- ( 1903
5 g M -S
25 0 ,0 0 0 M a r 1 1923
Valuation.— Ju d g e T a y le r p la c e d th e v a lu e o f th e p h y sica l p rop erty^ of th e
id ated m o rtg a g e $400,0001 I n t. a t'C le v e . T r . C o ., C le v e la n d , I r u s te e , or
lev ela n d E le c . R y
($ 5 0 0 ), g o l d _____________ c * l
a t N a tio n a l B a n k o f C o m m e r c e . N . Y .
14; to ta l, $21,127,
Bonds.— O f th o $ 1 0 ,0 0 0 ,0 0 0 new' b o n d s, $ 3 ,5 1 0 ,0 0 0 are reserved fo r p rior
C it y R y . C o . , $ 1 ,8C _____ _
liens an d $ 5 ,5 4 5 ,0 0 0 fo r exten sion s, Im p ro ve m e n ts, & c. T h e y are s u b
$1 15S .300 in terest o r rental a ccru e d , m akin g th e en tire “ c a p ita l
je c t t o ca ll a fte r 10 years a t 105 an d accru e d in terest. T h e C lev ela n d
$24 091 600. T h e b o n d e d d e b t o f $ 8 ,1 2 8 ,0 0 0 an d flo a tin g In d ebted n ess & S ou th w estern b o n d s o f 1903 are s u b j. t o ca ll on an d a fte r F e b . 1 191 o at
as o f Jan . 1 1908, $ 1 ,2 8 8 ,0 0 0 , o r $ 9 ,4 1 6 ,0 0 0 in a ll, is d e d u cte d , le a v in g
105 and in t. $ 1 ,6 0 0 ,0 0 0 o f th is issue are reserved t o retire ce rta in un d er$14 675 600
T h o va lu a tion is to b o increased fo r th e p u rp o se o f fix in g th e
p r ice a t ’ w h ich th e c it y o r its n o m in e e m a y pu rch ase th e p r o p e r ty b y the *y O f th e C le v e la n d B erea E ly r ia & O berlin 5s d a te d M a r c h 1 1899, $ 30 0,00 0
a m o u n t o f fu tu re requirem en ts, in clu d in g c o s t o f now p a y -a s -y o u -e n te r cars rem ain in reserve fo r th e retirem en t a t o r b e fo re m a tu rity o f th e division a l
a n d 7 5 % o f th e c o s t o f rem o d e lin g o ld cars as p a y -a s -y o u -e n te r cars.
6s to a like a m o u n t. O f th e $ 1 ,5 0 0 ,0 0 0 C le v e la n d E ly r ia Sc W e stern new
Fares.— A n experim en tal fa r e o f 3 c ., w ith l c . extra fo r transfers w ith o u t 5s, $ 4 2 7,00 0 are reserved t o retire p rio r liens. T h e O h io C en tra l T r a c . C o .
r e b a te , h a d t o b e trie d to see if it w ou ld y ie ld th e a u tli. in t. o n c a p ita l v a l.—
c o n s o l, b o n d s m a y b e ca lle d u p o n 30 d a y s ’ n o tice a t 105 and in t .; $ 1 5 0,00 0
5 % o n b o n d s, 6 % on flo a tin g d e b t an d ca p ita l s t o c k . O n Ju n e 1 1911 a u th o r o f c o n s o ls, are reserved t o retire a like a m o u n t o f first 5s. F irst m o r tg a g e
ities ord ered th o fa re re d u ce d to 3 c. cash tare, l c . oxtra fo r tran sfer, b u t th e w as o rig in a lly $20 0,00 0 au th o riz e d , b u t $5 0 ,0 0 0 ca n ce le d s u b s e q u e n tly .
la tte r to b e reb a ted w h en taken u p .
V - 92, p . 1498; V . 93, p . 1190. On
E A R N I N G S .— F o r ca le n d a r years;
,
A p ril 21 1913 th o C it y C o u n cil ordered th e fa re re d u ce d (e ffe c tiv e M a y 1)
Y ea r—
Gross.
N et.
Other I n c . In t. A Taxes.
S urplus.
fro m 4 cen ts fo r a s in g le fa re , o r 7 tick e ts fo r 25 ce n ts , t o 3 ce n ts , o r 2 1 9 1 2 ...........--$ 1 ,1 8 2 ,1 5 6
$48 8 ,6 2 7
$ 1 ,175
S373.113
$11 6,68 9
tic k e ts f o r '5 c e n t s ," w it h i “ c e n t fo r transfers w ith o u t re b a te .
V . 96, p .
487,441
7,7 4 0
3 63 ,523
131,658
1911 ............... 1,128,622
1228. T h e c o m p a n y p ro te ste d an d C . N . D u ff y , A . II. d u P o n t an d
R O A D .— O perates 209 m iles o f tra ck ( o f w h ich 132 m iles aro o n p riv a te
F ed era l J u d g e Joh n M . K lllits h a v e b een ch o se n t o a rb itra te a ll m a t
rig
h
t
o
f
w
ay)
in
an
d
fro
m
C
le
v
e
la
n
d
t
o
B
erea,
E
ly
r
ia
,
O
b
e
rlin
,
N
o
rw a lk ,
ters in d is p u te betw e e n th e c it y an d the c o m p a n y . U n d e r th e o r d in
a n c e , fa r o t o E a s t C le v e la n d is sam e as c it y fa ro .
F a re fo r o th e r su bu rbs M e d in a , W e llin g to n , N o r t h A m h e rst, L o r a in , C re s to n , C h ip p e w a L a k e,
5 c . o r eleven tic k e ts fo r 5 0 c ., a cc o r d in g t o c o n tr a c ts . T h o c o m p a n y ’s S eville, W o o s te r, L in n d ale, P u ritas S prings, G a lio n , B u cy ru s, M a n s fie ld
sch ed u les a n d rou tes are s u b je c t to th e su pervision o f th o c it y an d th e and A sh lan d . 60 a n d 7 0 -lb . rails. S tan d ard g au g e. O p e ra te s 70 ca rs.
rates o f fa r o to b o fix e d s o as t o n e t a return o f in te re st as sta te d a b o v e A ls o d o e s fre ig h t a n d express bu sin ess. C o m p a n y ow n s P u ritas Springs
on th e v a lu a tio n o f th o p r o p e r ty a n d p e rm it o f th e m a in te n a n ce a t all an d S eccaiu m P a rk an d reaches C h ip p e w a L a k e . A ls o ow n s a n d op erates
tim es o f a so -ca lle d in terest fu n d o f a t least $ 5 0 0 ,0 0 0 .
V . 8 9 , p . 1667. ele ctric-lig h tin g p la n t in N o rw a lk .
O n D e c . 14 1912 th e C o u n c il o f C le v e la n d passed an o rd in a n c e giv in g the
O F F I C E R S .— P re s., F . E . M y e r s ; 1st V . - P . , ---------------------- -; 2 d V . - P . .
c o m p a n y th o rig h t t o tra n sp o rt fre ig h t w ithin th e c it y lim its in in teru rb an L . J . W o lf; S ec. & G e n . M g r ., E . F . Schneider; T r e a s ., J . O . W ils o n ; A u d i
cars a n d to ch a r g e t h o in teru rb an co m p a n ie s 2 5 c. per ca r m ilo .
to r. I I . D . C a v a n a u g h . G eneral o ffic e , C le v e la n d .— V . 8 4 , p . 569 , 748 , 995 ,
A s t o d ecision s o f th e b o a r d o f tra ctio n a rb itra to rs o n J u n e 19 1913 on
1113; V . 8 5 , p . 283; V . 88. p . 294, 504; V . 90. p . 913; V . 9 2 . p . 280; V . 94,
t h o legal p o in ts in d is p u te regard in g o p e r a tio n , a llo w a n ce s, & c ., see
p . 982; V . 95, p . 1607: V . 9 6 . p . 947, 1296, 1556.
V . 9 7 , p . 364.
O R G A N I Z A T I O N .— In 1908 ch a n g e d n am e fro m th e C le v e la n d E le c
(1) M a n s fie ld R a il w a y . L i g h t & P o w e r C o .— A tr o lle y r o a d .
tric R a ilw a y C o . (w hich had in 1903 tak en o v e r th e C le v e la n d C it y R y .)
In 1907 co n tr o l passed t o th e C le v . Sou th w estern & C o lu m b u s R y . C o .
t o C le v e la n d R a ilw a y C o ., an d a u th o rize d new s to c k t o th e a m o u n t o f $ 3 5 ,
R eceiversh ip — O n N o v . 25 1912 Ju d ge E d w in M a n s fie ld o r th o C o m m o n
0 0 0 ,0 0 0 . T h e o ld s to ck o f C le v e la n d E le c tr ic R y . w as g iv e n a valu ation
o f $55 per sh are, o r $ 1 2 ,8 7 0 ,0 0 0 (th o s to c k h a v in g fo rm e rly b een $ 2 3 ,4 0 0 , Pleas C o u rt o rdered th e dissolu tion o f th e c o m p a n y , the a p p o in tm e n t o f a
0 0 0 ), w h ich va lu a tio n w as agreed u p o n a fte r exten d ed co n fe re n ce , an d re ceiver an d th e sale o f th e p r o p e r ty . S . N . F o r d w as a p p o in te d receiver
O n D e c . 30 1912. A p p lic a tio n w as m a d o b y several h old ers o f p r e f. s to c k
w h ich w as p a id in new s to ck issued b y C le v e la n d R a ilw a y at a p ar ($100)
v a lu a tio n . T h o F ore st C it y R y . (w h ich had fir s t a b so rb e d th e L o w Fare w h o o b je c te d t o fu rth er p u rch . o f c o m . s to c k b y C . S. W . & CL R y . a nd w h o
R y .) w as p u rch ased fo r $ 1 ,8 0 5 ,6 0 0 s to ck o f C le v e la n d R y ., th e shares o f th o alleg ed th a t th e p r o p e r ty w as b e in g h an dled in th e in terests o f th at c o m p a n y ,
N o d h s . on p re f. s to c k h a v e b een p aid sin ce 1907. V . 9 5 , p . 1512; \ . 96. p.G3.
F o re s t C it y R y . b ein g a c c e p te d a t their p ar ($100) valu e.
38
ELECTRIC RAILWAYS
O R G A N I Z A T I O N .— S u ccessor in A p ril 1003 to the C itiz e n s ’ E le c tr ic
R a ilw a y . L ig h t & P ow er C o ., w h ich in turn w as s u cce s s o r to the M a n sfie ld
E le c tr ic S treet R y .
O w ns en tire street ra ilw a y and e le ctric-lig h t syste m s
in .t h e c it y . C i t y fra n ch ise runs till 1925.
f STO C K A N D BON DS—
D a te.
In terest. O utstanding.
M a tu rity .
C o m m o n , *6 5 0 ,0 0 0 ($ 1 0 0 )............... ............................
865 0.00 0
350 ,000
1 9 0 7 ,6 %
P r e f, $35 0 ,0 0 0 ($ 1 0 0 ), 6 % c u m ................................
C itiz e n s ' firs t m tg e ($400,-1 1901
5
200,000 A p ril 1 1923
000) ( $ 5 0 0 ) .......................— /I n t e r e s t a t C le v e la n d T r u s t C o ., C le v o ., T r .
M a n s R y L t & P g e n m t g o $ 1,-1 1903
5 g A -O
7 4 2 ,0 0 0 A p ril 1 1918
0 0 0 ,0 0 0 ($500 & $ 1 ,0 0 0 )-C*J U n io n S a v . B k . & T r . C o . , C in ., T ru ste e .
Bonds.— In terest o n th e n ow b o n d s o f the M a n s fie ld R a ilw a y L ig h t &
P o w e r C o . is p a y a b le a t R u d o lp h K lo y b o lt e & C o . 's o ffic e . N o w Y o r k ,
C in cin n a ti a n d C h ic a g o . $ 2 0 0,00 0 o f the now b o n d s are reserved to retire
th e b on d s o f th e o ld C itiz e n s ’ C o m p a n y an d $ 5 8 ,0 0 0 fo r fu tu re acqu isition s
a n d Im p rov em en ts. A reserve fu n d o f $ 1 0 ,0 0 0 per ann um is m a in ta in e d , to
b e used fo r e x ten s . an d Im pts. N o t s u b j. t o c a ll. Seo V . 7 6 , p . 810.
E a rn in g s.— F o r c a l. year 1912, gro ss, $23 1,17 9; n e t, a fte r taxes, $ 80 ,412 ;
b o n d in t ., $ 4 7 ,1 0 0 ; su rplu s, $3 3 ,3 1 2 .
RO xVD.— O w n s a n d op erates 9 m iles o f track in M a n s fie ld an d an inter
u rb a n line o f 12 m iles t o S h e lb y; 60 an d 7 0 -lb . T rail. 40 ca rs .— V . 78. p .
2 4 4 2 ; V . 83, p . 1291; V . 8 5 , p . 284; V . 9 5 , p. 1542; V. 96. p . 63.
C L E V E L A N D P A IN E S V IL L E & E A S T E R N R R .—
O R G A N I Z A T I O N , & c .— In c o r p o r a te d in O h io on A p ril 25 1895. Road
c o m p le te d in J u ly 1908. F ranchises expire fro m 1920 to 1935.
In Ju n o
1906 a cq u ire d c o n tr o l o f th e C le v . P a in esv. & A sh . R R . V .8 2 , p .1 3 2 2 . 1379
STO C K A N D BON DS—
D a te.
Interest. Outstanding.
M atu rity
S t o c k , $ 3 ,5 0 0 ,0 0 0 (par $ 1 0 0 ) . . ____
________
$ 2 ,5 0 0 ,0 0 0 F irst
m o rtg a g e,
$ 5 0 0 ,0 0 0 , f 1896
5 g A -O
500 ,0 0 0 A p r il 1 1916
g o ld ($ 1 ,0 0 0 e a c h ) _ c * _ c p t In
T terest
" ----- ‘ a ‘t "M o r to n ~
~ o ., k . ~~
T r u s t' C
Y . , or
C le v e la n d T r u s t C o ., C le v ., T ru ste e .
C o n s o l, m o r t. (clo s e d ) $ 1 ,
1898
5 A -O
1,131,000 O ct 1 1918
631 ,000 ($ 1 ,0 0 0 ), g o l d .c p t I n t. a t C itize n s ' S a v . & T r . C o . , C lo v e .,
T r u s te e , o r T r u s t C o . o f A m o rica , N . Y .
R e f an d exten sion m tg e , $ 5 ,
1908
5 g M -N
792 ,0 0 0 M a y 1 1948
0 0 0 ,0 0 0 , g o l d ( $ l , 0 0 0 ) c * c p t I n t. a t C le v e l T r u s t C o ., C le v e la n d , T ru ste e ,
o r c o m p a n y s a g e n c y in N o w Y o r k .
B on d s. -$ 5 0 0 ,0 0 0 c on so ls are reserved t o retire u n d e rly in g liens. I t is
p r o v id e d in now r e fu n d in g a n d e x te n sio n m o rtg a g e th a t rem ain in g con sols
c a n n o t bo issu ed. T h e m tg e . w as c lo s e d a t $ 1 ,6 3 1 ,0 0 0 .
It w as orig in a lly
a $ 2 ,0 0 0 ,0 0 0 m t g o ., b u t th e b a la n ce w as c a n ce le d . O f th e re fu n d in g and
exten sion b o n d s , $ 1 3 2 ,0 0 0 are In treasu ry, $ 1 ,6 3 1 ,0 0 0 are roservod to retiro
p r io r liens, an d $ 2 ,5 7 7 ,0 0 0 are reserved fo r fu tu re extensions an d im p r o v e
m en ts, to bo issu ed o n ly w hen n e t earnings fo r p reced in g 12 m o n th s h avo
b e e n n ot less th an 2 5 % In excess o f in terest charges on o u ts ta n d in g b o n d s
In clu d in g those to bo issued. S u b je c t t o call M a y 1 1938 o r o n a n y Interest
d a t e th erea fter a t par an d in terest on 30 d a y s n o tice .
O 'vn s r0? d
E u c lid , O h io , to P a in esvillo an d F a irp o rt.
( M a in L in o ), a n d uses C le v e la n d E le c tr ic R y . fro m E u clid
£° *
S qu are, C le v e la n d , 10 m iles; also ow n s “ S h ore L in e ,’ ’ exten din g
fr o m W il o u g h b y to G le n v ille , O h io , 14.89 m iles, a n d uses th o C le ve la n d
E le c tr ic R a ilw a y C o . s tra ck fro m G le n v lllo t o tho P u b lic S qu aro, C le v e la n d ,
5 m ues.
Total tra ck op era te d (in clu d in g 4 H m iles o f d o u b le ) , 4 6 H m iles.
W ith the C lo v e . P a in es v . & A s h ta b u la fo rm s a co n tin u o u s lino fro m C lo v e lan d to A s h ta b u la . 46 m o to r cars an d 8 o th e r cars. P o w e r-h o u so is at
P a in esv illo. C a r-h ou ses at W illo u g h b y , Painesvillo an d N o ttin g h a m .
R E P O R T .— F o r years en din g D e c . 31:
r,
,
1912.
191 !•
1910.
1909.
1908.
G ross e a r n in g s ............ $ 3 8 6,96 7 $ 3 6 6,14 3 $ 3 5 5,46 9 $321,173 $30 5,74 5
189 ,105
175,169
163,909
168,494
E x p e n s e s ........................ 190,005
N o t.
................. $19 6,96 2 $17 6 ,9 4 8
113,045
F ix e d ch g s . & t a x e s - . 138,787
$18 0,30 0
106 ,618
$15 7,26 4
101,283
$137,251
98,736
S u r p l u s ...................... $ 58 ,175
$63 ,9 0 3
$73 ,6 8 2
$55,981
$40 ,515
O F F I C E R S .— P r e s ., E . W . M o o r e ; V . - P . , I I . A . E v e re tt; V .- P . & G en .
M g r ., .1. J ord a n ; T r e a s ., E . V . H a le ; S e c ., F r e d . S. B o r to n ; A s s t. S ec. and
T r e a s ., J oh n P . W itt , C le v e la n d , O h io .— V . 8 8 . p . 374 . 1313, 1615; V . 90,
p . 621; V . 9 2 , p . 260 , 391; V . 9 3 , p . 1785; V . 9 4 , p . 692; V . 9 6 , p . 3 5 9 . 553.
(1) C le v e la n d P a in e s v i l le & A s h t a b u l a R R . — A tr o lle y r o a d . E n
tir e ly o v e r p r iv a te right o f w a y , e x ce p t th rou gh s o m o o f the villa ges, w hero
fra n c h is e s expire in 1927.
O R G A N I Z A T I O N .— In c o r p o r a te d in O h io in 1902.
S T O C K A N D B O N D S —■ D a te.
In terest. O utstanding.
M atu rity.
$ 1 ,0 0 0 ,0 0 0 .
S t o c k , $ 1 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) . _______________________
F irst m o rtg a g o $1,000.000 1 1902
5 g J-J
990 ,000 J u ly 1 1922
old ($ 1 ,0 0 0 ).............c * . c p t / I n t . at C le v e la n d T r u s t C o ., C le v e ., T ru stee
on d s.— $ 1 4 0 ,0 0 0 b o n d s are in tre a su ry. N o sinking fu n d an d b on d s
c a n n o t be c a lle d .
See V . 75, p . 549.
R E P O R T .— F o r years en d in g D e c . 31:
, „ £ ? ars—
C.r.»ssA.
Arel.
I n t. & T a xes.
Balance.
1 9 1 2 ......................................... $143,281
$39 ,516
$ 66 ,752
d e f.$ 2 7 ,2 3 6
1911 ......................................... 141,313
3 7 ,679
57,977
d c f. 2 0 .298
R O A D .— O perates a b t . 30 m iles track b etw een P a in esville an d A sh ta b u la .
P u t in full op era tion on J u ly 30 1904. 70-lb. T and gird er rail u sed. T r a c k
sta n d a rd g a u g o. C o n n e cts at P a in esvillo w ith tho C le v e la n d P a in esvillo &
E a stern I t R . and at A sh ta b u la w ith th o P en n sylva n ia & O h io R y .— V. 82,
p . 1332, 1379; V . 8 6 , p . 337; V . 8 8 . p . 374; V . 9 2 , p . 322 .
S
CLEVELAND & EASTERN TRACTION C O — A trolloy road.
[ V o l . XCVIII
LAKE SHORE ELECTRIC R Y. — (.See M a p on page 39 .)
O R G A N I Z A T I O N .— T h e L a k e S hore E le c tr ic R y . w as in c o rp o ra te d on
S e p t. 25 1901 u nd er laws o f O h io as a c o n s o lid a tio n o f th e L orain & C le v e
lan d R y ., th o S a n d u sk y & In teru rban R y ., th o S a n d u sk y N o rw a lk & S o u t h
ern R y . an d th e T o le d o F re m o n t & N o rw a lk R R .
V . 73 p 784
A bout
h a lf th o ro a d is b u ilt o n p r iv a te r ig h t-o f-w a y ; fra n ch ises fo r th o rem ain in g
h ald w ere in 1908 s ta te d t o h a v e an a v e ra g e life o f 15 y e a rs. C o m p a n y has
tr a ffic a greem en t b y w h ich it enters th e cities o f C le v e la n d a n d T o le d o
o v e r th o tra ck s o f th e lo ca l street ra ilw a y syste m s.
In Ju n e 1911 th rou gh
se r v ic e w as in a u gu ra te d betw een C le v e la n d and L im a v ia S an d u sk y and
F r e m o n t, a d is ta n c e o f 165 m iles. A ls o th ro u gh s e r v ic o be tw e e n C le v e la n d
a n d D e tr o it , 180 m iles.
C o n tr o ls th o L o ra in S treet R R . an d th e S a n d u sk y F re m o n t & S outhern
R y . , w h ich see b e lo w .
In 1907 m a d e c o n t r a c t to s u p p ly p o w e r t o the
T o le d o F in d la y & F o s to ria an d several o th e r ro a d s . V . 8 5 , p . 1646.
In 1910 ch arter w as am e n d e d s o as t o tra n sfo rm th e then existing 5 %
cu m . p r e f. s t o c k o f $ 3 ,0 0 0 ,0 0 0 in to $ 1 ,0 0 0 ,0 0 0 6 % c u m . 1st p re f. an d $ 2 ,
000 ,000 5 % n o n -c u m . 2d p re f. s to c k ; V . 90, p . 698 . A t th e sa m o tim e
accu m u la te d d iv id e n d s on th o old p re f. s to c k (p a rt o f w hich h ad been
issued later than th e rest) w ere a d ju s te d .
V . 90, p . 1170, 1296; V . 91, p.790.
D u rin g 1912 a c o n tr a c t w as m a d o fo r th o p u rch ase o f th o entire o u tp u t
o f th e S a n d u sk y R iv e r P o w e r C o ., w h ich is in stallin g near th e F re m on t
p la n t a h y d r o -e le ctr ic p la n t o f 4,9 5 0 k . w . c a p a c it y .
O n J u ly 27 1912 O h io U tilities C o m m . a u th . c o m p a n y to sell $116,000
a d d itio n a l g e n . m tg e . b o n d s.
V . 9 5 , p . 297 . T h e se n a v e been issued an d
are h eld in treasury.
STOCK AN D BON DS—
D ate.
Interest. O utstanding.
M a tu rity .
C o m m o n , $ 4 ,5 0 0 ,0 0 0 (p ar $ 1 0 0 ) ................................
$ 4 ,5 0 0 ,0 0 0 .......................
Q -j
1 ,0 0 0 ,0 0 0 J a n . T 4 ,1 H
1st p f $ l ,0 0 0 ,0 0 0 ($ 1 0 0 )6 % c u m ------2d p f $ 2 ,0 0 0 ,0 0 0 ($ 1 0 0 )5 % n - c ....................................
2 ,0 0 0 ,0 0 0 N o d iv . y e t .
F irst co n s m tg e , $ 4 ,0 0 0 ,0 0 0 [ 1903 5 g J-J
1 ,6 9 0 .0 0 0 Jan
1 1923
($ 1 ,0 0 0 ), g o l d -----------------c * { I n t . at C itize n s ’ S a v . & T r . C o . , C le v e la n d .
~
T r u s te e , or T r u s t C o . , o f A m o r ic a , N . Y .
Ge^ r^ „ m t g 0 - S 7 ,0 0 0 ,0 0 0 f 1903 5 g F -A
2 ,2 5 5 ,0 0 0 F o b 1 1 9 3 3
($ 1 ,0 0 0 ), g o l d ....................c * ( I n t . a t C itiz e n s ’ S a v . & T r . C o . , C le v e la n d ,
I T ru ste o , o r c o m p a n y ’s a g cticv in N . Y .
L orain & C le v e la n d 1st, g o l d } 1897 5 g J -J
y 7 5 0 .0 0 0 yj u l y 1 1 9 2 7
($ 1 ,0 0 0 ), $ 1 ,0 0 0 ,0 0 0 _______ In terest a t C itiz e n s ’ S a v . & T r u s t C o . ,
„
I C le v e la n d , o r c o m p a n y ’s a g o n e v in N . Y .
T F & N 1st M $ 1 ,5 0 0 ,0 0 0 g ( 1900 5 g J-J
1,500,000 Jan
1 1920
g u ar ($5 0 0 , $ 1 , 0 0 0 ) -------c * ] I n t . a t U n ion T r u s t C o ., D e tr o it, T ru ste o
Bonds.— O f th o $ 4 ,0 0 0 ,0 0 0 first co n s o ls, $ 2 ,2 5 0 ,0 0 0 are reserved t o re tire
p rio r liens; $ 60 ,000 h a v o been can celed ; $ 4 ,0 0 0 ,0 0 0 o f tho general m o rtg a g e
5 p er ce n ts are reserved to retiro th o first co n s o ls an d $74 5,00 0 ( o f w h ich
$17 9,00 0 h a v e been ce rtifie d b y tho trusteo an d are in treasury) fo r e x t e n
sion s an d im p ts. at 8 0 % o f c o s t. N e ith e r issue is s u b j. to ca ll. A sinking
fu n d retirin g $ 1 0 ,0 0 0 o f first con sols per ann um c o m m e n ce d Ja n . 1 1909 an d
uns u n til 1914. F ro m 1920 t o 1922, in c l., $ 3 0 ,0 0 0 b o n d s per ann um are t o
b e c a n ce le d . T h e L . & C . bon d s can b o ca lle d a fte r J u ly 1 1 9 1 7 a t par and
in t. T h o T . F . & N . b o n d s can bo ca lle d at 110 an d in t. on a n y in t. d a te
u p on 90 d a y s ’ n o tice . A sin kin g fu n d o n th e T . F . & N . b o n d s o f $10 ,0 0 0
per ann um co m m e n ce d in 1905 and runs t o 1909, in c l.: fro m 1910 t o 1914,
$ 2 0 ,0 0 0 per a n n .; 1915 to 1919, $ 30 ,000 p er a n n .; $ 1 5 6 ,0 0 0 b o n d s aro held in
sin k in g iu n d .
L ien .— T h o T . F . & N . b o n d s aro a first lien o n th o d iv is io n b e tw co
T o le d o an d N o rw a lk ; th o L . & C . b o n d s aro a first lion on th o ro a d botw oon
C le ve la n d an d L orain ; an d th e 1 st co n s o l, b o n d s a first lien o n all o th er
lines an d also a s e co n d m tg o . o n tho d iv isio n s n o te d a b o v o .
D ividends.— In itial d iv . on 1st p r o f., 1 > S % , p a id O c t . 1 1910; sam o
a m o u n t qu a rte rly sin ce to and in clu d in g J a n . 1914.
R E P O R T .— F o r years en d in g D e c . 31 .n o t in cl. L o ra in S treet R R . nor
S an du sk y F re m o n t & S ou th ern R y . See ro p o r t in V . 96, P- 550.
N et (.after
Other
D ie s , on
Year— ■
Gross.
T a xes).
In co m e.
Interest.
1st P ref. Surplus.
$ 6 0 ,0 0 0 $ 8 9 ,7 5 4
1912.............. $ 1 ,0 5 2 ,5 1 8 $44 7,45 5 $ 2 5 ,0 0 0 $322,701
1911------------ 1,009,639 4 57 ,109
2 5 ,000 3 1 9 ,2 7 6
6 0 ,0 0 0 102,833
R O A D .— O perates 172 m iles, e xte n d in g fro m C le v e la n d t o T o le d o an d
S a n d u sk y , and fro m S an du sk y to N o rw a lk : also c it y lines in S a n d u sk y;
stan d ard gau g e; 70 to 100 -lb. rails. T h r o u g h line fro m C le v . t o T o le d o w as
o p o n e d fo r business a b o u t A u g . 26 1902. In a d d itio n ow n s th e S an d u sk y
F rem on t & S o u th e r n , 20 m iles, and th o L orain S treet R R ., 24.77 m ilos,
m ak in g a to ta l o f 216 .77 m iles. 72 passenger, 5 b a g g a g e , 17 w o rk an d 47
freight cars. T o t a l , 141.
O F F I C E R S .— P r e s ., E . W . M o o r e , C le v e la n d a n d N . Y . ; V . - P ’s ., I I . A .
E v e re tt an d \V. H . P rice. C le v e la n d ; V .- P . an d G e n . M g r ., F . W . C o e n ,
S a n d u sk y , O .; S e c. & T r e a s ., Jno. P . W itt , C le v e la n d .— V . 91, p .7 9 0 ; V . 9 2.
p . 262, 457; V . 94, p . 413 ; V . 9 5 , p . 297; V . 96, p . 360 . 550.
(1) L o r a in Street R a il r o a d Co. — A tro llo y r o a d .
O R G A N I Z A T I O N .— In co rp o ra te d in O h io on A u g . 3 1906 an d is a c o n
so lid a tio n o f th o L orain S t. R a ilw a y an d th o A v o n B e a ch & S ou th ern R R .
E n tire s to c k and $ 5 0 0,00 0 now con sols o w n e d b y th o L a k o S h ore E le c . R y .
O perates on p riv a te r ig h t-o f-w a y o x co p t th roe m iles in L orain a n d E ly r ia ,
o n w h ich fra n ch ises run u n til 1919.
S T O C K & B O N D S — P a r. D a le.
In terest.
O utstanding. M a tu rity.
S to c k , $ 2 .0 0 0 ,0 0 0 ........ $ 1 0 0 ...................................
$ 2 ,0 0 0 ,0 0 0
..............
L o r S t R y , 1st M , / 1,000 1894
6 J -J
2 0 0 ,0 0 0 Jan 1 1 9 1 5
$ 2 0 0 ,0 0 0 .................. .. 1Interest at G u ard ian T r u s t C o ., C le v e la n d , T rusteo.
L o r St R y co n s M ,| 1,000 1899
5 g M -N
5 50 ,000 N o v 1 1 9 4 9
$ 7 5 0 ,0 0 0 ,g , $ l ,000.c * fI n t e r e s t at G u a r a n ty T r u s t C o ., N . Y . , T ru steo.
F irst co n s o l m tg o , $ 2 ,-( 1,000 1906
5 g J -J
5 0 0 ,0 0 0 J u ly 1 1936
0 0 0 ,0 0 0 , g o ld , g u a rj Interest at C itize n s' S av in gs & T r u s t C o ., C lo v o -------------------------------c * l
la n d , T ru ste o , o r A g e n c y in N e w Y o r k .
Bonds.— O f th e $ 2 ,0 0 0 ,0 0 0 now b o n d s , $75 0 ,0 0 0 aro reserved fo r prior
liens and $ 7 5 0,00 0 fo r e xten sion s, & c. T h e y aro g u a r ., p r ln . and I n t., b y
endorsem en t b y th o L a k e S horo E le ctric R y .
E A R N I N G S .— F o r calen dar year 1912. gro ss, $17 9 ,2 4 9 ; n o t, a fte r taxes,
$ 73 ,625 ; in t., $ 64 ,500 ; su rplu s, $ 9 ,1 2 5 .
In 1911, gro ss, $17 3 ,1 1 0 ; n et,
a fte r taxes, $80 ,397 ; in t ., $64 ,500 ; s u rp lu s , $ 1 5 ,8 9 7 .
R O A D .— O perates 24.77 m iles o f tra ck be tw e o n E ly r ia , L orain and
B ea ch P a rk . S tan d ard g a u g o . 24 ca rs .
* v . ° o . G A ? fIZ A T £OJJ ’— IJ.c<?r Po r^t,9d J n o h I ° on M a y 18 1910 to su cceed
th e C lev ela n d & E astern division (V . 90. p . 1613) c f th o E astern O h io T r a c
tio n C o . per plan in V . 8 9 , p . 1541, 1596.
In 1913 a p p lie d t o O h io S ta te U tilities C o m m , fo r perm ission t o issue $54 000 1st M . b o n d s , $ 3 2 ,4 0 0 p re f. and $ 2 7 ,0 0 0 c o m . s t o c k fo r im p ts . (V 96 p
1 2 9 6 ). b on d s t o b e s o ld a t 80 an d t o b e a c c o m p a n ie d b y 6 0 % in n re f s to c k
a n d 5 0 % in c o m m o n . P erm ission w as n o t g ra n te d .
STOCK A N D BO N DS—
D a te.
Interest. Outstanding.
M a tu rity
C o m m o n , $ 6 0 0 ,0 0 0 ($ 1 0 0 )............................................
$3 8 1 ,6 0 0
7
(2) The Sandusky Fremont & S outhern Ry.
P r o f. $ 5 0 0 ,0 0 0 ,5 % n -c ($ 10 0 )..................................
465 8 6 5 ......................
O R G A N I Z A T I O N .— In co rp o ra te d in O h io in A p ril 1906. Is o p o ra ted
F irst m o rtg a g o , $ 1 ,0 0 0 ,0 0 0 ,/ 1910
5 g J-J
764 ,000 J u l y ' T 193’^
as
part o f m ain lin o o f L a k o Sh oro E le c tr ic R y . bo tw e e n C lo v c la n d and
g o ld ($ 1 ,0 0 0 )...................... c * / I n t . at G u ard ian S a v . & T r . C c C le v T ru s
B on d s s u b je c t T o le d o . L a k o Sh oro E lo c . R y . ow n s en tiro s t o c k . P r lv a to rig h t o f w a y .
Bonds.— R em a in in g b on d s reserved fo r exten sion s, & c.
t o c a ll, a n y o r all, on an y in t. d a y , at 103 an d in t.; began to draw int from
Interest.
O utstanding.
M a tu r ity .
STO C K A N D BON DS—
D ale.
a n d a fter J a n . I 1912.
V . 9 1 . p . 336.
th o L a k o S horo E lo c t r ic- R y .—
S to c k , $ 2 ,0 0 0 ,0 0 0 _____________— O w ned bb y __________
K V R N IN G S .— F or calen d ar y ear 1913, g ro ss, $ 2 0 3 ,8 1 6 ; n e t. a fte r taxes
First m o rtg a g o , $ 2 ,0 0 0 ,0 0 0 ./ 1906
5 g J-J
$ 6 4 5 ,0 0 0 J u ly 1 1936
‘ P1” 8 3 8 ,1 6 0 ; su rp lu s, $ 3 6 ,8 4 4 .
In 1912. g ro s s , $ 19 5,22 6; net
g o ld ($ 1 ,0 0 0 ), g u a r.......... c * f l n t . a t C itizen s S a v . & T r u s t C o ., C le v o .,
$ 7 » ,6 2 9 ; ch a rges, $ 4 7 ,6 8 4 ; su rp lu s, $27 ,9 4 5 .
I T ru ste o , o r a t A g e n c y in N o w Y o r k .
Bonds.— A ro g u aran teed , p rin . and in t ., b y e n d o rs e m e n t, b y th o L a k e
R Q A D - — O perates 40 m iles o f track fro m C le v e la n d to C h a rd o n , B urton
a n d M Id d le fie ld , O h io . S tan d ard gau g o. 6 0 -lb . T rails. Has ab a n d on ed S horo E le c. R y .; n o t s u b je c t to call. Seo V . 8 3 , p . 1099.
p o w e r pla n t and pu rch ases p o w e r fro m C le v e la n d E le c tr ic Iliu m . C o .
E A R N I N G S .— F or calon d ar ye a r 1912, g ro ss, $70 ,1 1 6 ; n e t, a fte r ta xes,
O F F I C E R S .— P r e s ., II. P . M c In to s h ; V .- P . , C la rk F ord; S ec. and $25 ,9 8 3 ; interest, $ 32 ,250 ; d o fic it , $ 6 ,2 6 7 .
G e n . M g r .. R o b t. D . B e a tty ; T r e a s ., C . A . T a y lo r . O ffic e , 701 E lectric
R O A D .— O perates a lino fro m S an du sky to F r e m o n t, 20 m ilos.
14 ca rs.
B ld g ., C le v e la n d , O .— V . 91, p . 154, 336.
— V. 8 3 , p . 9 7 . 1099.
CLEVELAND YOUNGSTOWN & EASTERN RY. C O .
««?,*R G A I 'f I55A T IO£ {-— In c o r p o r a te d in O h io on Ju n e 1 1906
On M a r, 1
1910 a cq u ire d th e C le v e . & C h agrin Falls R y . (in c o r p o r a te d F eb . 18 IQ 10
t o t a k e o v e r the C le v . & C h a g . D iv . o f th o E a s t. O h io T r a c .. sold F ob . 5 10),
STOCK AN D BO N DS—
D a te.
Interest. O utstanding.
M atu rity.
S to c k , $15 2,50 0 ( $ 1 0 0 )...................................................
$15 2,50 0
C le v & C h Falls 1st M $ 3 0 0 ,- / 1910
6 g J-J
251 ,900 Jan
l 't o s o
000 g ($100 & $500) — c * ( l n t . at G uardian S a v . & T r . C o . C le v ., T ru s
m t? $52,0001 1910
6 g J-J
52.0 0 0 Jan
11915
old ($ 1 ,0 0 0 ) see t e x t . . _ c * IIn t. a t C itize n s ’ S a v . & T r . C o . . C lev. .T ru s.
onc[s
' A p h a g . Falls b o n d s s u b j. to call a n y o r all on a n y int.
d a t e at 102 H an d in t.; $48 ,100 are in treasu ry. C . Y . & E R y . bon d s
s u b j. t o c a ll, a n y or all, at par an d in t. T h e y are 1st M . on line betw een
C h a grin t a ils an d G a rrettsvillo and 2d m tg o . on lino betw een C le ve la n d
a n d C h agrin Falls.
N? Ii G8. ’7 ^ % r. calond,ar y ° ar 1 9 1 3 - gro ss, $ 1 1 5 ,6 5 9 ; n e t. a fte r ta xes,
$29 ,1 1 8 ; in t .. $18 ,2 3 4 ; su rplu s, $ 1 0 ,9 5 4 .
In 1912, gro ss, $11 1 ,4 4 2 : n e t,
$ 3 4 ,4 8 9 : ch a rges, $ 23 ,706 : su rplu s, $ 1 0 ,7 8 3 .
R O A D .— O perates 37 m ilos o f lino betw een C le v e la n d . C h agrin Falls and
G a rrettsv illo. S tand ard gaugo. 60 an d 7 0 -lb . T rail.
O F F I C E R S .— Pres., H . P. M c In to s h ; V .- P ., H . C lark F o rd ; Fee. & M g r .
R o b t . D . B e a tty ; T r e a s ., C . A . T a y lo r .
S
C L IN T O N , IO W A .
CLINTON STREET R Y. — O perates 15 m iles o f track in c it y o f C lin t o n ’
M a in line fra nchise perpetu al; others lim ited to 25 years fro m M a r . 1013 •
72 to 8 0 -lb . T rail. S to ck $600,000 ( $ 1 0 0 ), o f w hich $59 9,80 0 is o u ts ta n d
in g. F u n ded d e b t con sists o f $40 0,00 0 ($ 1 ,0 0 0 ) a u th . and o u t . 5 % 1st M .
b on d s ( c & r ), d a te d 1906, d u o M a r . 31 1926, in t. A . & O . at 111. T r . & S a v .
B a n k , C h ic a g o , T ru ste e . S u b je c t to call at 105. E a rn in gs fo r 1912, gross
$152,500; n e t, $ 67 ,840 . In 1911, gross, $ 14 3,78 2; n e t, $ 6 2 ,4 2 8 .
O F F I C E R S .— P ro s., C . I I . Y o u n g ; V .- P . , D . L a n gan ; S e c ., A . L .
Sch u yler; T r e a s ., C . C . C o a n ; G e n . M g r ., B ern a rd B oh n son .
C O F F E Y V IL L E , K A N .
THE UNION TRACTION CO.
O R G A N I Z A T I O N .— In co rp o ra te d S e p t. 28 1906 in K a n sa s. F ranchises
expiro 1957.
R o a d is on p riv a to right o f w a y o xce p t in C o ffo y v illo , I n
d e p e n d e n ce , C h e rr y v a le a n d Parsons.
In O ct. 1911 K ansas P u b lic U tility C o m m issio n g ra n te d a u th o r ity to issu e
$ 1 0 0 ,0 0 0 2d m tg o . b o n d s (all issu ed ).
ELECTRIC RAILWAYS
J a n ., 1914. |
[Vol .
ELECTRIC RAILWAYS
40
STO C K A N D BON DS—
D a te.
\Interest.
Outstanding.
M a tu r ity .
-------------- ---------§ 5 0 0 ,0 0 0 See te x t.
S t o c k , $ 5 0 0 , 0 0 0 - - - - - - ----------F irst m t g e , 8 1 ,0 0 0 ,0 0 0 , g o l d / 1907
5 J-J
983 ,0 0 0 Jan 1 1937
( 8 1 ,0 0 0 ), s in k in g f u n d . , t fl W a r r e n (P a .) T r u s t C o . , T r u s te e .
S e c o n d m o r tg a g e ...................... t f 1911
6%
100.000
O c t 1 1921
Bonds.— 1st M . b o n d s are re d . a n n . b y lo t a t 105 an d i n t ., b e g in n in g Ja n .
191 2, th ro u g h s . f .; 8 1 7 ,0 0 0 h a v e been r e tire d . S. f. o f 1 0 % o f n e t earnings
a n n u a lly b eg a n in 1911. I n t . a t N a t . C it y B k ., N . Y . ; C o m m e r c ia l N a t .
B a n k , C h ic ., a n d T r a d e sm e n ’s N a t . B a n k , P h ila . S ee Y . 8 8 , p . 1003.
D ivid en d s.— 6 % is bein g p a id o n t h e s to c k .
R O A D .— O p era tes 67 m iles o f r o a d , o f w h ich 9 Vi m . in C o ffe y v illo , 7
m iles In In d e p e n d e n c e a n d 50 'A m iles o f in te ru rb a n r o a d b e tw e e n C o f f e y v ille . I n d e p e n d e n c e .C h e r r y v a ie an d P a rso n s. 7 0 -lb . T rails.
O F F I C E R S .— P r e s ., D . H . S iggins, W a r r e n , P a .; S e c ., H . A . Siggins;
T r e a s ., S a m . Q . S m ith .— V . 9 0 , p . 1172; V . 9 1 , p . 590; V . 9 2 , p . 120;
V . 9 3 , p . 591 , 1727; V . 95, p . 4 9 , 1474; V . 9 7 , p . 1428.
COLORADO SPRINGS, COL.
C O L O R A D O S P R IN G S & IN T E R U R B A N R Y .
O R G A N I Z A T I O N .— I n c o r p o r a te d In A u g . 1902 as a co n s o lid a tio n o f th e
C o lo r a d o S prin gs R a p id T ra n sit R y . a n d th e C o lo r a d o S prings & S uburban
Ry.
T h e c o n s o lid a te d c o m p a n y lias issued $ 1 ,5 0 0 ,0 0 0 s t o c k , o f w h ich
$ 5 0 0 ,0 0 0 p r e f. B o n d s ($ 1 ,0 0 0 , 5 , M .- S . , d u e S e p t. 1932, C en tral T ru s t C o .,
N . Y . , tru stee) a u t h ., $ 1 ,5 0 0 ,0 0 0 : issu ed, $1 ,0 0 0 ,0 0 0 ; 8 5 0 0,00 0 reserved fo r
u n d e riv in g b o n d s . O th er in fo r m a tio n refu sed— “ is a c lo s e co rp o ra tio n and
has n eith er s to c k s n or b on d s on th e m a r k e t.”
F a cts b e lo w relate solely to the
old Colorado Springs R apid T ransit R y.
C o l o r a d o S p r i n g s R a p id T r a n s i t R y .
S T O C K & B O N D S — M ile s . D a te.
Interest.
Outstanding.
M a tu r ity .
S t o c k (p a r $ 1 0 0 )_________
350 0 ,0 0 0 f . p ...................
1st M , $1,0 0 0 e a c h . . . c p t 7 H 1890
6 A -6 "
3 3 8 .0 0 0 S ee te x t.
C o n s o l M . $ 1 ,000 ea ch , (27
1891
6 g A -O
________
162.000 ______
A p r 1_1921
fo r $50 0 ,0 0 0 , g o l d . c p t )
C e n tra l T r u s t C o . , N e w Y o r k , T r u s te e .
In terest is p a y a b le at C h e m ica l N a tio n a l B a n k , N o w Y o r k C it y .
Consolidated m ortgage lim ite d t o $ 5 0 0,00 0 b y c a n ce lla tio n o f $25 0 ,0 0 0 o f
t h e b o n d s; $33 8 ,0 0 0 reserved fo r 1st m tg e .
F irst m tg e . b o n d s m a tu re d in
1910 b u t w ero n o t retired , a n d are h e ld p re su m a b ly b y frien d s o f th e c o .
R O A D .— O w n s 38 m iles o f t r a c k .
O F F I C E R S .— P r e s ., D . I I . R ic e ; V . - P . , W . L e n n o x ; S e c ., W m . L io v d ;
T r e a s ., O . S . C h a m b erlin .— V . 70, p . 7 5 , 175, 328.
COLUMBIA, S. C.
COLUMBIA RAILWAY, GAS & ELECTRIC CO.
O R G A N I Z A T I O N .— D o e s th e en tiro stre e t r a ilw a y , ele ctric ligh tin g
p o w e r an d gas bu sin ess in C o lu m b ia , S. C .— N a m o ch a n g e d fro m C o lu m b ia
E le c t r ic S treet R y ., L ig h t & P o w e r t o th e a b o v e on M a y 15 1911. V . 92
p . 1374. I s a co n s o lid a tio n o n J u ly 1 1905 o f th o C o lu m b ia E le c tr ic S t. R y .!
L t . & P o w . C o . an d th e C o lu m b ia W a te r P o w . C o . T h e firs t-m e n tio n e d
w as org a n iz ed in S o . C a r o . Ja n . 6 1892 an d w as a co n s o lid a tio n o f th e C o lu m
b ia E le c . & S u b u rb a n R y . C o . a n d th e C o n g a re e G a s & E le c tr ic C o . A c
q u ired th e C o lu m b ia & E a u C la iro E le c tr ic R y . O w ns all th o s to c k and
b o n d s o f th o C o lu m b ia G a s L ig h t C o ., w h ich is also leased. O perates und er
rig h ts gra n ted b y S ta te o f S o . C a r o , (w h ich o w n s th e c it y s t r e e ts ), e xpirin g
D e c . 16 1941. G as fra n ch ises g ra n te d b v .S ta to an d c it y franchises c o v e rin g
all d e p a rtm e n ts are w ith o u t lim it o f tim e .
In Ju n e 1912 a cq u ired th e P a rr Shoals P o w e r C o . (s to c k $ 2 ,0 0 0 ,0 0 0 c o m .,
$ 3 0 0 ,0 0 0 p r e f .) , w h ich is b u ild in g a d a m an d 18,000 k . w . h y d r o -e le ctr ic
p la n t on th e B r o a d R iv e r n ear A ls t o n , S. C . , 2 7 H m iles n o rth w e st o f C o lu m
b ia , t o s u p p ly th e requ irem en ts o f th e co n tr o llin g c o m p a n y . V . 9 5 , p . 1122.
S ee also V . 9 8 , p . 154.
STO C K A N D BO N DS—
D a te.
In terest.
O utstanding. M a tu rity .
$ 2 ,0 0 0 ,0 0 0 _________
C o m m o n , $2,000,000 ($1 0 0 )................
P r e f., 8 1 ,0 0 0 ,0 0 0 , 6 % c u m . ! ____
Q -J
8 3 1 ,6 0 0 Jan ’ 14,1 K
($ 100) -------------------------------/
F irst m o r tg a g e , $ 7 ,5 0 0 ,0 0 0 . f 1911
5 J-J
2 ,5 5 4 ,0 0 0 J u ly 1 1936
g o ld ($ 1 ,0 0 0 )_________ c * t f { I n t . a t c o . ’s o ffic e o r a t its a g e n c y in N . Y .
„
IC o lu m b ia -K n ic k e r b o c k e r T r . C o .,N .Y .,T r u s .
P a rr Shoals I* 1st m tg e , $ 3 .- ) 1912
5 g A -O
3 ,0 0 0 ,0 0 0 O ct 1 1952
000 ,0 0 0 (8 1 ,0 0 0 ), g o l d . , t f IC o lu m b ia -K n ic k e r b o c k e r T r u s t C o ., T ru ste e .
6%
200 ,000 See te x t.
C o l C a n al C o m t g , $ 2 0 0 ,0 0 0 t f ____
Bonds.— O f th o ou tsta n d in g firs t m t g e . b o n d s o f 1911, $ 60 ,000 are d e p o si
ted t o g u a r. in t. on C a nal C o . 6s. O f unissued b o n d s, $ 2 0 0,00 0 are reserved
t o retire C a n al C o . b o n d s and $ 4 ,8 4 6 ,0 0 0 fo r im p ro v e m e n ts , a d d itio n s , a c
q u isition s, & c ., u n d er certa in restriction s. B o n d s are s u b je c t to call on a n y
Int. d a te a t 105 an d in t. S in ce J u ly 1 1912 an a m o u n t equal t o 1 % o f b o n d s
o u t m u st b e ex p en d ed fo r im p ts ., & c ., again st w h ich n o b o n d s m a y th e r e
a fter b e issu ed , a n d begin n in g D e c . 15 1915 a fu rth er 1 % fo r retirem ent o f
b o n d s . See V . 9 3 , p . 22 9 . C o lu m b ia C a nal C o . b o n d s m atu re $10 0,00 0
Ja n . 1 1918 an d SlOO.OOO J a n . 1 1919. P a rr Shoals P o w e r b o n d s are g u a r.,
p . & L , b y th e C o lu m b ia R y ., G as & E le c . C o . Sinking fu n d o f 1 % o f
b o n d s o u t . T h e y are s u b j. to call a t 105 and in t. I n t . p a y a b le in N . Y .
D ividends.-—-F irst d iv . on p re f.— 3% — jpaid J u ly 1 1906; Ja n . 1907, 3% .
S u b seq u en t d iv s . passed (all surplus bein g p u t in to p r o p e r ty ) until J u ly
1911, w hen l f i % w as p a id ; sam o a m o u n t q u a r. sin ce t o an d in cl. J a n . 1914.
<rJ?A,R N I N O S *— F or c a l. y ear 1913, gro ss, $72 1 ,5 9 4 ; n e t, a fte r taxes, $ 3 3 3 ,6 4 i ; in t., $13.5,851; su rplu s, $19 9 ,6 9 5 .
In 1912, gross, $60 1 ,9 9 1 ; n e t,
a fte r taxes, $30 0 ,9 7 7 ; in t. ch a rge s, $ 13 2,50 6; su rplu s, $16 8 ,4 7 1 .
R O A D .— O p erates 2 3 .1 6 m iles o f track ; 50 ca rs. O w ns 2 p o w e r pla n ts
w ith a to t a l c a p a c it y o f a b o u t 14,000 h . p.
O F F I C E R S .— P res, an d T r e a s ., E . W . R o b e rts o n ; 1st V . - P . , H e n r y P a r
son s; S e c ., R . C h a r lto n W r ig h t; G e n . M g r ., G u y K . D u s tin .— V . 81 p . 507
974; V . 8 4 , p . 931 ; V . 92, p . 1108, 1374; V . 9 3 . p . 229; V . 94, p . 2 0 6 ' V . 95
p . 1122; V . 9 6 , p . 1020; V . 9 7 , p . 1024; V . 9 8 , p . 155.
COLUMBUS, GA.
COLUMBUS ELECTRIC CO.
O R G A N I Z A T I O N .— I n c o r p o r a te d in M a in e o n F e b . 6 1903 an d o w n s a ll
th o secu rities o f th e G a s L ig h t C o . o f C o lu m b u s ; th e en tire c o m m o n s to c k
a rental o f $ 7 ,5 0 0 p er an n u m . 8 1 0 0 ,0 0 0 p r e f. s t o c k is h e ld b y th o P u b lic
S erv ice In v e s tm e n t C o .
STO C K A N D BON DS—
D a le.
In terest. Outstanding.
M a tu rityC o m , S l.5 0 0 ,0 0 0 (8 1 0 0 )_____________
________
$ 1 ,5 0 0 ,0 0 0
___
P r e f, 6 % cu m a fte r Jan 11 ____
J-J
1 .2 0 0 ,0 0 0 J a n .'1 4 )3 %
1915, $ 1 ,2 0 0 ,0 0 0 ( 8 1 0 0 ) . - . /
1st c oll M , $ 1 ,5 0 0 ,0 0 0 , g o l d / 1903
5 g A -O
7 58 ,000 A p ril 1 1933
( $ 1 ,0 0 0 ) ---------------------c * n t f l l n t . a t O ld C o lo n y T r . C o ., B o s to n , T r u s te e .
3 -y ea r n o te s , $ 1 ,0 0 0 ,O O O gold,/ 1911
5 J -J
1 ,000,000 J u ly 1 1 9 1 4
($1 0 0 , $500 & $ l , 0 0 0 ) . n t f { i n t . a t C o m m o n w e a lth T r . C o . , B o s t ..T r u s t.
C o lu m b u s R R 1st m o r tg a g e . / 1898
5 A -O
5 3 ,000 O c t 1 1 9 3 7
$ 4 5 0 ,0 0 0 , g o ld (8 1 ,0 0 0 ). t f\ I n t . a t W e s t E n d T r u s t C o . , P h ila ., T r u s te e .
N o te s p a y a b le N o v 30 1913_______ _________________
5 5 5 ,0 0 0 ......................
Bemds.— T h e $ 1 ,5 0 0 ,0 0 0 n ew b o n d s o f th o C o lu m b u s E le c . C o . are s u b je c t
to call as a w h o le a t 105 & in t. $ 8 0 ,0 0 0 are reserved to re tire a lik e a m o u n t
o f C o lu m b u s R R . b o n d s . T h e rem ain in g $ 3 7 0 ,0 0 0 C o lu m b u s R R . 1st M .
b o n d s are ow n ed b y th e C o lu m b u s E le c . C o . A n “ im p ro v e m e n t fu n d ” o f
2 % p er a n n u m o f o u ts ta n d in g b o n d s co m m e n ce d in 1905. T h e 3 -y r . n o te s
a re c a lla b le as a w h o lo o r in p a r t on a n y in t. d a y o n 60 d a y s ’ n o t ic e a t 101
a n d in t.
V . 9 3 , p . 163.
D ividends.— F irst d iv . o n p re f. s t o c k , 3 % , w as p a id J a n . 1907; 3 % has
been p aid sem i-a n n u a lly s in co t o an d in clu d in g J a n . 1914.
R O A D .— O perates 2 5 .9 m iles o f tr a c k , o f w h ich 5 m iles leased t o S ea
b o a r d A ir L in e . 54 cars; 2 steam lo c o m o tiv e s (leased t o S . A . L . R y . ) .
S ta n d a rd ga u g e.
E A R N I N G S .— F o r 12 m o n th s e n d . D e c . 31 1913, gro ss, $60 8 ,6 3 6 ; n e t ,
a fte r ta x es, $31 3 ,9 8 3 ; oth e r in c o m e , $ 3 5 ,8 4 9 ; in te re st, $23 2 ,5 0 4 ; sin kin g
a n d im p ro v e m e n t fu n d s , $ 4 0 .1 7 5 ;;p re f. d iv s . ( 6 % ) ,8 7 2 ,0 0 0 ; su rp lu s, $ 5 ,1 5 3 ,
O F F I C E R S .— P r e s ., C h arles F . W a lla ce ; V . - P . , H a rry I I . H u n t; S e c .,
A lv a h K . T o d d ; T r e a s ., H e n r y B .S a w y e r ; G e n . M g r s ., S to n e & W e b s te r
M g t . A s s n ., B o s t o n .— V . 8 2 . p . 509; V . 8 3 , p . 1590; V . 9 3 , p . 163.
XOVIII
1) C o l t i m h u s I P o w e r f C o . *■_
T
jjT • r~ * srpv" pf.(w 1
K G A N 1 Z A T I O N .— Is a' c o n s o lid a tio n in~M arch 1906 o f t h ~ C o lu m b u e
P o w e r C o . , t h e C o w e t a P o w e r C o . a n d t h e C h a tta h o o c h e e F a lls C o
E n tir e
c o m , s to c k a n d p a r t o f t h o p r o f, is o w ned b y th o C o lu m b u s E le c t r ic C o .
STOCK AN D BON DS—
D a te .'’ “ Interest'. "O utstanding. M alu'ritv
C o m m o n , $ 1 ,5 0 0 ,0 0 0 (8 1 0 0 ).....................................
m a tu r ity
$ 1 ,5 0 0 ,0 0 0
P r e f, $ 1 ,5 0 0 ,0 0 0 (8 1 0 0 ), 6 % 1
n o n c u m , r e f a t 105________ ( _____
________
r 3 5 0 ,0 0 0 ..................
1st m t g e , $ 4 ,0 0 0 ,0 0 0 , g o l d ,) 1906
5 g A -O
_ ,4 5 6 .0 0 0 A p r 1 1936.
2
g u a r ------------ --------------------- c t f l
I n t . a t C o m m o n w ^ .T r .’ C o " .'.'B o s t o n*. T r u s t e e
B on d s.— O f th e $47600,000 authorized",~$1,5 0 0 ,0 0 0 a ro re-served lfor'fu tu re
p u rp o s e s . A sin kin g fund o f 1 % o f b o n d s o u t b egan A p r . 1 1912. $44 000
p u rch a se d fo r s k . f d . an d c a n c e le d . B o n d s s u b j. t o c a ll as a w h o le (or in
p a r t fo r s k . f d .) a t 110 a n d in t . o n a n y in t . d a t e . B o n d s aro g u a r. p . & i,l
a n d s . f . b y _ C o lu m b u s E le c t r ic C o .
P L A N T .— C o n tr o ls b y o w n ersh ip o r lea se d e v e lo p o c fW a te r p o w e r on
C h a tta h o o c h e e R iv e r a g g re g a tin g 7 ,5 0 0 h . p . A ls o o w n s s te a m p l a n t o f
3 ,0 0 0 h . p . in C it y o f C o lu m b u s . P r o p o s e s t o h a v e an u ltim a te h y d ra u lic
d e v e lo p m e n t o f 7 5 ,0 0 0 h . p . — V . 8 2 , p . 512.
COLUMBUS, IND.
IN D IA N A P O L IS C O L U M B U S & S O U T H E R N J T R A C T IO N C O .
L ease.— In D e c . 1912 w as leased fo r 999 y e a rs t o t h e In te r -S ta te * P u b llc
S e rv ice C o ., a s u b sid ia ry o f th o M id d le W e s t U tilitie s C o . , a t a re n ta l o f 5 %
o n th e c a p ita l s t o c k , o r $ 9 2 ,0 0 0 a y e a r a b o v e a ll ta x e s. V . 95, p . 680 . S ee
In te r -S ta te P u b lic S e r v ic e C o . in V . 9 5 , p . 1745; V . 9 6 , P- 1157.
_ __
O R G A N I Z A T I O N .— F o rm e rly th e I n d ia n a p o lis G r e e n w o o d & F ran k lin
R R ., w h ich c o m p a n y w as in c o rp o ra te d in In d ia n a in 1895. N a m o ch an ged
as a b o v e in J a n . 1903. In S e p t. 1912 in crea sed its a u th . s t o c k t o $ 1 ,8 4 0 ,0 0 0
S T O C K A N D B O N D S .—
D a te.
In terest. O utstanding.
M a tu rity
S t o c k , $ 1 ,8 4 0 ,0 0 0 .............................................. .............. t- $ 1 ,8 4 0 ,0 0 0 ....................... F ir -t m o r tg a g e , $ 1 ,0 0 0 ,0 0 0 / 1903
5 g F -A
9 3 2 ,0 0 0 F e b 1 1 9 2 8
g o ld ($ 1 ,0 0 0 )..................c * t f \In t. a t T r u s t C o . o f N o r . A m ., P h ila ., T r u s t .
Bonds. C a n n o t b e c a lle d . $ 6 8 ,0 0 0 a ro reserved fo r e x te n . a n d im p ts .
a t n o t e x ce e d in g $ 1 5 ,0 0 0 p e r m ile . See V . 7 6 , p . 654; V . 8 2 , p . 1212.
E A R N I N G S .— F o r y e a r e n d in g D e c . 31 1912, gross, $42 9 ,7 5 5 ; n e t a f t o r
ta xes, $ 1 8 4 ,4 8 3 . In 1911, gross, $42 6 ,3 9 4 ; n e t, a fte r ta xes, dep re cia tion *
& c .. $ 16 7,54 7; in te re st, $ 39 ,100 ; su rp lu s, $12 8 ,4 4 7 .
R O A D .— O perates 6 2 .3 8 m iles o r tr a c k b etw een In d ia n a p o lis , F ra n k lin
a n d C o lu m b u s an d S e y m o u r, o f w h ich 3.86 m iles b e lo n g to I n d . T r a c . & T e r .
C o . S ta n d a rd g a u g e . 6 0 -lb . T rail. M o s t ly p r iv a te r ig h t -o f-w a y . I t
c o n n e c ts w ith In dia n a p o lis & L o u is v ille E le c . R y . , th u s fo rm in g a th rou gh
lin o fro m In d ia n a p o lis t o L o u is v ille .
O F F I C E R S .— P r e s ., W m . G . Irw in ; V . - P . , L . I . S w e cn o y ;]S e c. & T r e a s .
H u g h M ille r ; all o f C o lu m b u s , In d .— V . 7 7 , p . 823 ; V . 7 8 . p . 1446; V . 8 2 ’
p . 92 8 , 1212; V . 8 6 , p . 421 ; V . 9 5 , p . 680.
COLUMBUS, OHIO.
C O L U M B U S R Y . & L I G H T C O .— T r o lle y a n d e le ctr ic lig h t.
R E O R G A N I Z A T I O N A N D M E R G E R . — L a to in 1913 th o plan ( V . 9 6 .
p . 1839) w h ic h h a d be e n u n d er co n s id e ra tio n fo r so m e tim e , w as d e cla red
o p e r a tiv e , w ith m o d ific a tio n s , as f o llo w s - T h o C o lu m b u s l t y .. P o w e r &
L ig h t C o . , fo rm e rly th e C o lu m b u s T r a c t io n C o . , t o o k o v e r th o C o lu m b u s
R y . C o (s to ck h o ld e rs so ld p r o p e r ty Ja n . 9 1914, seo V . 9 8 , p . 235) and
C o lu m b u s E d is o n C o . (so ld J a n . 13 1914, V . 9 8 , p . 2 3 5 ), ex ch a n g in g its
s to c k as sh o w n in V . 9 6 , p . 1839. T h e leases, c o n tr a c ts , & c ., o f th ese
co m p a n ie s fo rm e rly h eld b y th e C o lu m b u s R y . & L ig h t C o . , w ere trans
ferred t o th e C o lu m b u s R y ., P o w . & L t . C o . T h o C o lu m b u s L t . , H e a t &
P o w e r C o . w as t o h a v e been m erged a ls o , b u t n o t enough s to ck h o ld e rs o f
th e L ig h t, H e a t & P o w e r C o . w o u ld s a n ctio n th e m erger. T h e p la n w as
then m o d ifie d (see V . 9 7 , p . 1425, 1662) a n d th o C o lu m b u s R y . & L ig h t C o .
w as k e p t a liv e t o retain th e lease o f th e L ig h t , H e a t & P o w e r C o ; T h o
C o lu m b u s R y ., P o w e r & L ig h t C o . co n tr o llin g it u n d er an o p e ra tin g agree
m e n t. T h o C o lu m b u s R y . & L ig h t C o . w ill h a v e In its treasury $ 3 ,0 0 0 000
fu ll-p a id c o m m o n s to c k o f th o C o lu m b u s R y ., P o w . & L t . C o . , an d i n ’du e
co u rse its affa irs w ill b e w o u n d u p an d th e 8 3 ,0 0 0 ,0 0 0 d istrib u te d a m o n g its
sto c k h o ld e r s. V . 96, p . 1839; V . 9 7 , p . 95 0 , 1425, 1662, 1732, 1897.
O R G A N I Z A T I O N .— I n c o r p o r a te d in O h io o n M a y 12 1903 an d acq u ired
u n d e r leaso th o C o lu m b u s R y . C o . a n d th e C o lu m b u s E d is o n C o . (m erged
in 1913 in th o C o lu m b u s R y . , L t . & P o w . C o .— see b e lo w ) a t a rental o f
gu a ra n te e d d iv s . a t th e ra te o f 5 % p er a n n u m o n th e p re f. s t o c k o f th o
fo rm e r an d 6 % p er a n n u m o n th o p r e f. s to c k o f th e la tte r , an d 5 % p er an
n u m on th e c o m m o n s to c k o f e a c h , th e d iv s . o n th e c o m m o n o f ea ch c o m
p a n y t o c o m m e n co S e p t. 1 1903. L ea ses h a v e been assigned t o th o C o lu m
b u s R y ., P o w e r & L ig h t C o . See V . 7 6 , p . 1142.
O n M a r c h 4 1907 leased fo r 50 y e a rs th e C o lu m b u s T r a c t io n C o . (n o w th e
C o l. R y ., P o w . & L t . C o . ) , w h ich is th o su ccessor to th e C e n tr a l M a r k e t
S treet R y .; fo r term s o f lease see th a t c o m p a n y b e lo w .
O n S e p t. 14 1908 sto ck h o ld e rs ra tifie d lease o f th o C o lu m b u s L ig h t , H e a t
& P o w e r C o . , a fte r th o latter h ad a cq u ire d th o p r o p e r ty o f th o C o lu m b u s
P u b lic S e rv ice C o .— see s ta te m e n t b e lo w . V . 8 7 , p . 740.
A ssessm en t.— S to c k w as o n ly 2 6 % p a id in , b u t in D e c . 1913 th e d ire cto rs
ca lled fo r th o p a y m e n t o f $20 p er sn are in c o n ju n c t io n w ith th o m erger
p la n (see a b o v e ) , p a y a b le in t w o in stallm en ts o f $10 each ; th o fir s t b y
D e c . 30 1913 a n d tn e s e co n d Ju n e 30 1914.
V . 9 7 , p . 1732.
D a te.
In terest. Outstanding. D ivid en d s.
STOCK —
/
$5,000.0001
Q u ar.
\ 20% p aid i n . / J ’ l y ’ 10, Y .%
S to c k , $ 5 ,0 0 0 ,0 0 0 ($ 1 0 0 ).......... ............
N o te s $ 1 ,0 0 0 ,0 0 0 g ($1,000)1 1911
5 g J -D
6 0 0 ,0 0 0 Ju n o 1 1914
gu ar p & i b y C o l R y & L t . /T r u s t C o . o f N o r . A in c r ., P h ila .. T r u s te e .
N otes aro s u b j. t o call a t 101 a n d in t.
I n t. is p a y a b lo a t o ffic e o f E . W .
C la rk & C o . , P h ila . N o te s are secu red b y d e p o s it o f 4 ,0 0 0 shares C o l. R y .
c o m ., 2 ,0 0 0 shs. C o l. E d . c o m . an d 3 , 2 5 0 shs. C o l. T r a c . p re f. V . 9 3 , p . 34 5 .
E A R N I N G S .— O f C o lu m b u s R y . & L ig h t C o . fo r c a l. y e a r 1912, g ros s ,
$ 2 ,9 4 4 ,0 5 2 ; n e t, $ 1 ,3 4 7 ,8 3 7 ; ch arges a n d d e p r e c ia tio n , $ 1 ,2 7 2 ,8 2 3 ; sur
p lu s, $75 ,0 1 4 .
In 1911, gross, $ 2 ,8 2 4 ,4 8 9 ; n o t , $ 1 ,3 2 1 ,4 3 2 ; c h a rg es,
$1,23 3 ,0 1 2 ; su rplu s, $88 ,4 2 0 .
D ividends.— First d iv . o n C o lu m b u s R y . & L ig h t s t o c k , 1 % . w as paid
ja n . 15 1906 a n d 1% w as a gain p a id J u ly 16 1906; in 1907, J a n . 1, 1 % ;
j u l y 15, 1 % ; an d also 'A % O c t . 1907. In 1908, 2 % ; in 1909, 2 ^ % .
In
j OIO, J a n ., M % ; A p ril, M % ; J u ly , J i % : n o n e sin ce .
V . 9 1 , p . 870 .
O F F I C E R S .— P r e s ., S am uel G . M c M e e n ; 1st V .-P , G o n . M g r . & T r e a s .;
E . I t . S tew art; 2 d V .- P ., O . M . C la rk ; S ec. an d A u d ito r , P . V .B u r in g t o n ;
A s s t. S e c. a n d A sst. A u d ., H e rb e rt M . B u rlin g to n .— V . 91, p . 8 7 0 , 1095,
1766; V . 9 2 , p . 260; V . 9 3 , p . 345 ; V . 9 4 , p . 278 , 1249; V . 9 5 , p . 2 9 7 , 4 1 9 ,
V . 9 6 . p . 35 9 , 65 2 , 1700; V . 9 7 , p . 80 2 , 950 , 1732; V. 9 8 , p . 155.
(1) C o l u m b u s R a ilw a y , P o w e r & L i g h t C o . — A tr o lle y r o a d .
O R G A N I Z A T I O N .— In c o r p o r a te d in O h io o n D e c . 26 1906 a n d is s u c
cessor to th o C e n tra l M a r k e t Street R y ., so ld u n d e r c r e d ito r ’s bill in F e b
ru ary 1906, s u b je c t to th o $ 5 0 0 ,0 0 0 b o n d s. Su ccessor c o m p a n y a t firs t
k n o w n as th e C o lu m b u s T r a c tio n C o . , b u t in 1913 n am o ch a n g e d to p resen t
title as p a rt o f th o plan fo r m ergin g all th e va rio u s pro p e rtie s as n o te d in th e
rem ark s fu rth er a b o v e . In p u rsu an ce o f t h e plan the C o lu m b u s R y ., P o w .
& L t . C o . t o o k o v e r th e C o lu m b u s R a ilw a y C o . an d th e C o lu m b u s E d is o n
C o . , issuing its s to c k (see p la n , V . 96, p . 1839) in exch an g e fo r th o s to c k o f
th e t w o co m p a n ie s m erged . Fran ch ise p ro v id e s th at tick e ts shall b o sold
8 fo r 25 ce n ts an d th at a 5 -ce n t cash transfer b o Issued t o all lines en terin g
o r using th e C o lu m b u s L o n d o n & S p rin gfie ld R y . C o . In te ru rb a n lo o p .
STO C K A N D BON DS—
D a te.
In terest. Outstanding.
M a tu rity .
________
(?)
____________
C o m m o n _________________________ ______
“ A ” p r e f........................... .........................................................
(?)
.......................
‘ B p r e f . . ............................. .................. ..............................
(?)
............. .........
C e n t M a r 1st m tg e , $500,000,1 1902
5 g J-J
4 2 5 ,0 0 0 Jan 1 1922
g o ld ($ 1 ,0 0 0 )............... .......c * /ln t e r e s t a t N . Y . T r u s t C o . , N . Y . , T ru ste o .
C o l S t R y 1st, $ 3 ,0 0 0 ,0 0 0 , f 1892 5 g J-J
3 ,0 0 0 ,0 0 0 J u ly 1 1932
g o l d ..........................................c * { Interest a t E . \Y. C la rk & C o ., P h ila d e lp h ia .
I C o l.-K n ic k . T r u s t C o ., N . Y . , T r u s te e .
C ro ssto w n 1st m tg e . g o ld .l
1893 5 g J -I )
5 72 ,000 J u n o 1 1933
g u , prin & in t .................._ . c * j C o l . - K n i c k . T r u s t C o . , N . Y . , T r u s te e .
C o l R y 1st co n so l m tg e , $ 7 , - f 1899
4 Q -J
3 ,4 2 8 ,0 0 0 O ct 1 1939
000 ,0 0 0 ($ 1 ,0 0 0 ), g o ld , c*| In terest a t U n io n S av in gs B a n k & T r u s t C o .
B o n d s are red eem a b le a fte r
o f C in c in n a ti, T ru s te o , a t E . W . C la rk &
O c t 1 1914 a t 105 a n d i n t .( C o . , P h ila d e lp h ia , o r at c o m p a n y 's o ffic e .
C o l E le c 1st m tg o , g o ld , g u a r . ____
6 g M -N
4 5 0 .0 0 0 N o v 1 1922
C o l E d E l 1st m tg e , g o ld , g u a r ____
5 g A -O
3 0 0 ,0 0 0 A p ril 1 1929
J an., 1914.]
ELECTRIC RAILWAYS
41
STO C K A N D BO N DS—
D a te. In terest.
Outstanding.
M a tu r ity .
B onds.— C ent. M a r . 1st m lge. sin kin g fu n d of 5% o f gross receipts began
$ 3 ,0 2 5 ,0 0 0 ......................
;after 5 years. Entire Issuo is subject to call after 5 years at 110 and interest. C o m m o n , $ 3 ,0 2 5 ,0 0 0 ($ 1 0 0 ).......................................
P r e fe r re d , $ 1 ,0 0 0 ,0 0 0 ($ 1 0 0 )________
5%
1,00 0 ,0 0 0
See t e x t.
375,000 have beon retired.
6 ,1 5 0 ,0 0 0 M a y 1 ^ 9 2 6
G en a n d r e f m tg o (see t e x t )! 1906 _ 5 g M - N _
The Crosstown Street R y. first mortgage, is for $2,000,000, of which
l d ($ 1 ,0 0 0 )................. — c * In t. a t P a .C o .fo r In s .o n L .& G .A .,P h ila .,T r u s .
$572,000 are outstanding; the rest havo been canceled. Prln. and int. C ojlo L
50 0 .0 0 0 O ct 1 1 9 2 0
o n & S p g 1st m tg o , $ 1 , 1900 5 g A -O
of the Crosstown bonds were guar, by the old Columbus St. Ry. Co.
5 0 0 ,0 0 0 , g o ld ( $ l , 0 0 0 ) - . c * I n t . a t N . Y . T r u s t C o ., N e w Y o r k , T r u s te e .
Of the $7,000,000 mtge. o f 1899 of the Columbus R y., $1,500,000 were
1898 5 g M - N
7 50 ,000 N o v 1 1928
S p g & U rb 1st m tg e ,
issued in payment for the Columbus Cent. Ry. property; $3,000,000 will D a$y7 5iai
,uuu
iu ($ 1 ,0 0 0 )-___
0 ,0
0 0 , 5g v
o ld
— In terest a t N .Y . T r u s t C o . , N . Y . , T r u s te e .
be held in trust to retire the Columbus St. Ry. bonds, $572,000 to retire the
B onds.— T h e g e n . a n d re f. m tg e . w as orig in a lly fo r $ 1 2 ,0 0 0 ,0 0 0 b u t a u th .
Crosstown mtgo. bonds and $300,000 to take up unsecured 4% notes of the a m o u n t h as be e n re d u ce d t o $ 1 0 ,0 0 0 ,0 0 0 . O f th e rem ain in g b o n d s $ 5 0 0 ,
Columbus St. Ry.; $1,628,000 was reserved to bo used hereafter from time to 000 are treas. b o n d s d e p o s ite d w ith trusteo a n d aro a v a ila b le fo r e x te n s . &
time In making extensions, improvements and additions— $628,000 upon
p ts . w hen n e t earns, aro equ a l t o 144 tim es in t . ch arges o n b o n d s o u t
a 2-3 vote o f directors, the other $1,000,000 only on a vote of stockholders. aim
$ 1 ,2 5 0 ,0 0 0 are h eld t o retire the u n d e rly in g liens g iv en
This covers the whole $7,000,000. In tho table above wo report as outstand inn dtatboleb ea bissued;
o v e . T h o rem ain ing $ 2 ,1 0 0 ,0 0 0 are reserved fo r fu tu r e b e tte r
ing $3,428,000. This includes $1,500,000 Issued in payment for the Colum m e n ts, im p ro v e m e n ts a n d exten sion s, a n d c a n o n ly b o issu ed as fo llo w s ;
bus Central lty., $300,000 issued under the clause providing for tho retire $ 1 ,1 0 0 ,0 0 0 w h en n e t In com e is equal t o 1 % tim es in t. ch arges o n all b o n d s ,
ment o f 4% notes and $1,628,000 under the clauses concerning impts.
in clu d in g th o s e t o b e issu ed, a n d $ 1 ,0 0 0 ,0 0 0 w h en n e t is equ a l t o tw ic e in t .
ROAD.— 13.3 miles of track all In city of Columbus.— V. 96, p. 1228, c h a rg e s , in c l. in t. o n b o n d s t o b e issu ed. T h e se b o n d s are s u b je c t t o c a ll in
w h o lo , b u t n o t in p a r t, a t 105 a n d in t. T h e C o lu m b u s L o n d o n & S p rin g
1422, 1839; V. 97, p. 1425, 1662, 1897; V. 98, p. 235.
fie ld b o n d s m a y b e ca lle d a t 110 a n d in t . A s in k in g fu n d on th ese b o n d s
(2) Colum bus Light, Heat & Power Co.
o f 5 % o f gross earnings b egan w ith y e a r e n d in g S e p t 30 1906. See V . 7 1 ,
L ease. — Leased to Columbus Railway & Light Co. for 50 years from 1908 , p . 963 . $9 9 ,0 0 0 in sin k , fu n d Jun o 30 1913. T h o D a y . S p rin gfie ld & U r
with ronowal privileges. Lease provides for 6% on outstanding bondsand b a n a b o n d s a r e s u b j. t o ca ll a t 110 a n d in t. A s in k , f u n d o f 5 % o f gross
preferred stock of company, and dividends on common beginning in laua earnings b egan in 1903. $9 7 ,0 0 0 in sin k in g fu n d Jun e 30 1913.
at 3% , 1910 4 % , 1911 and thereafter 5 % . payablo quar. V. 87, p.547.
R O A D .— C o lu m b u s t o O rien t, C o lu m b u s th ro u gh S p rin gfie ld t o D a y
ORGANIZATION.— Incorporated Aug. 1 1908 hi Ohio, and acquired t o n , D a y t o n t o U n io n C it y a n d R ic h m o n d , I n d ., S p rin gfield t o L im a ,
tho property of Columbus Public Service Co. per plan in V. 87, p. 346, 547. th ro u g h L im a t o D e fia n c e , O . T o t a l m iles o f tra ck (ele ctric) o w n e d , 2 5 2 .9 9 ;
STOCK A N D RONDS—
D a te.
In terest. O utstanding.
M a t u r it y leased , 127.08; to ta l o p e r a te d , 3 8 0 .0 7 . S ta n d a rd ga u g e . 5 p o w e r h ou ses.
231 cars.
$210,500
§ !?
Common, $750,000 ($100)........................... ........
O F F I C E R S .— P res., D a n a S tevens; V .- P .s , D . G . E d w a rd s a n d J . B .
690,000 P eb^ f61924 F o ra k e r J r .; S ec. a n d T r e a s ., F . A . I lo a ly ; A s s t. S e c. & A s s t. T r e a s ., D . J .
6 P -A --
Interest on gen. mtge. bonds is guar, by the Columbus Ry. & Lt. Co.;
$750 000 bonds are to bo used to take up like amount o f Col. Public Service
Co bonds, tho greater part having already been exchanged. $250,000 are
reserved for improvements and extensions.— V. 87, p. 346, 547, 1481;
V ‘Od?p/cERS.— Pres., Clias. L. Kurtz; V.-Pr., E. W . Swisher; Sec. &
______
Treas., W . II. Sharp.
OHIO ELECTRIC RAILW AY CO.
• ORGANIZATION.— Incorp. May 16 1907 In Ohio. On Aug. 31 1907
purchased tho Lima & Toledo Traction C o., which owned tho line from Lima
to Toledo, and leased tho Lima Elec. Ry. & Lt. Co. (this co. boing pur
■chased on Doe. 31 1909), which operates in the city of Lima, and the Ft.
Wayne Van Wert & Lima Trac., with a line from Lima, O., to Ft. Wayne,
Ind. Also acquired by lease tho Indiana Col. & East. Trac., which com
pany assigned to It the leases o f Col. Newark & Zanesville Elec. Ry. and
Dayton & Western Trac. On Feb. 1 1908 purchased the Cine. Northern
Trac. (subsequently dissolved) and acquired from that company its lease
of Cine. Day. & Toledo Traction.
Including city lines in Zanosvillo, Newark, Lima, Hamilton and other
points, operating mileage is 617.42 miles, extending from Zanosvillo on
the east via Newark to Columous (including lino from Columbus to Orient
and Buckeye Lake and Newark to Granville branches), thence through
Springfield to Dayton, and from Dayton to Union City, whero connection is
made with Indiana Union Trac. for Munclo, Anderson and Indianapolis,
Ind., and from Dayton to Richmond, Ind., whero connection is made with
T . II. I. & E. Trac. to Indianapolis. Extending north from Springfield
through Urbana and Bellefontaino to Lima, and from Lima to Defiance; to
Toledo, O.. and Ft. Wayne, Ind.; also from Dayton to Cincinnati, including
Germantown, M t. Healthy and College Hill branches. Electric light and
power business is conducted in cities of Zanesvillo, Lima and West Alex
andria and steam-heating plant in Lima.
In May 1913 was granted authority to issue $3,500,000 2d mtge. bonds,
provided $5,000,000 o f outstanding stock was retired. This was accord
ingly done. V. 90, p. 1365, 1840; V. 97, p. 299.
STOCK AND BONDS—
D a te. In terest.
O utstanding.
D ividend.
■Common, $8,000,000 ($100)
...........................
$8,000,000 ...............
P referred , $6,000,000 5% non!
cu m ($100)
------- --------- J ............................
3,000,000 See text.
4,200,000 Jan 1 1930
1st Sc ref. mtge. $15.000,000\ 1910 5 g J-J
g o ld ( $ 1 , 0 0 0 ) ------------------c * I n t. a t F id e lity T r u s t C o . , P h ila ., T ru s te e .
2n d & gen m tg e $ 5 ,0 0 0 ,0 0 0 , 1 1 9 1 3 5 g J -D
6 01 ,700 Ju n o 1 1943
g old C$100) ($500) ($1,000) I n t . a t F id o lity T r u s t C o ., P h ila ., T ru s te e .
E q u ip notes Series " A ’ $ 1 6 0 , 1910 5 g J -J
104,000 Seo text.
000 g old ( $ 1 , 0 0 0 ) _______c * M in t, a t F id e lity T r u s t C o ., P h ila ., T ru ste o .
E q u ip n otes Sertos “ B ’ ’$ 1 3 0 ,1911 5 g J-J
9 7 ,0 0 0
Seo te x t.
000 g o ld ( $ 1 . 0 0 0 ) _______ c* I n t . a t F id o lity T r u s t C o ., P h ila ., T ru ste o .
E q u ip n otes Series “ C ” $ 1 2 0 ,1912 5 g J -D
102,000 Seo te xt.
000 g o ld ( $ 1 , 0 0 0 ) _______ c* I n t . a t F id o lity T r u s t C o ., P h ila ., T ru s te e .
Stock.— P referred is re d . a t 105 o n 30 d a y s ’ n o tice .
Bonds.— $ 3 ,2 5 0 ,0 0 0 1st Sc re f. b o n d s are reserved t o rotiro p rio r liens
($ 1 ,2 5 0 ,0 0 0 b o n d s o f L im a E l. R y . & L t . C o . an d $ 2 ,0 0 0 ,0 0 0 b o n d s o f
F t . W a y n e V a n W ert Sc L im a T r a c . C o .) an d $ 7 ,5 5 0 ,0 0 0 fo r a d d itio n s ,
b etterm en ts, & c. E n tire issuo is s u b j. t o ca ll o n o r a fte r Jan . 1 1915 on
a n y in t. d a y a t 105 an d in t. o n 60 d a y s ’ n o tice . N o sin kin g fu n d . T h e
2n d & g en . m tg e . Issuo is s u b j. t o ca ll o n a n y in t . d a te fo r p a y m e n t in cash
■or fo r s u b s titu tio n o f 1st & re f. m tg o . b o n d s o f 1910 e x ch an g eable a t par
on 8 w eeks’ n o tice . B o n d s to b o d e liv e re d fo r pu rposos o f im p ts ., as a p
p r o v e d b y P u b lic S orvlco C o m m issio n o f O h io o r o th e r g o vern m en tal
a u th o r ity . N o sk . fd . M o r tg a g o c o v e rs all pro p e rtie s a n d leasehold
e s ta te , s u b j. t o u n d erlyin g lion . Series “ A ” e q u ip , n o te s m a tu re $ 8 ,000
sem l-an n . co m m e n cin g Jan . 1 1911. Series “ B ’ e q u ip , notes are 1st
m tg o . on 26 c a rs. T h e y m atu re sem i-an n . ($7,000 J an . 1 an d $ 6 ,0 0 0 J u ly 1)
fro m Jan . 1 1912 t o J u ly 1 1921, in c l. A ll issues o f e q u ip , n o te s are g u a r .,
p . & 1., b y on d . o f O h io E le c. R y . Serlos ’ ’O ” e q u ip , n o te s aro 1st m tg o .
on 43 cars an d m atu re $ 6 ,0 0 0 sem l-an n . begin n in g D e c . 1 1912.
E A R N I N G S .— F or c a l. y e a r 1912 gross fro m ra ilw a y , $ 3 ,4 2 5 ,6 8 2 ; ligh t
a n d p ow er, $28 0,90 1; m isc.J $33 ,123 ; to ta l gross, $ 3 ,7 3 9 ,7 0 6 .
1911, gross
fro m ra ilw a y, $3,3 2 1 ,8 6 7 ; ligh t a n d p o w e r, $25 2,54 9; m is c ., $35 ,0 7 7 ; to ta l
gross, $ 3 ,6 0 9 ,4 9 3 .
O F F I C E R S .— P re s ., W . K e slo y S ch oop f: V . - P . , D a n a S teven s: V .- P .,
J . II. F orakor J r .; Sec. a n d T r e a s ., F . A . H e a ly ; G e n . M g r ., A . B en hatn.
V . 8 6 , p . 338; V . 8 7 . p . 38; V . 90, p . 6 9 8 , 850; V . 9 2 . p . 323 , 1500; V . 9 3 .
p . 236, 1534; V . 9 4 , p . 1027; V . 9 5 , p . 237; V . 9 6 , p . 1365, 1557, 1840
V . 97, p . 299.
(1) Colum bus Intcrurban Terminal Co.
E n tire s to c k o w n o d b y O h io E le c . R y ., w h ich gu ar, b o n d s.
O R G A N I Z A T I O N .— I n c o r p . in O h io o n M a y 24 1910. O w n s and
op era tes sin ce Jan . 1 1912 passengor a n d fre ig h t term in al sta tio n s in C o lu m b .
STOCK A N D BON DS—
D a te. In terest.
O utstanding.
M a tu rity .
$ 1,000 .................. .
S to c k $1 0 ,0 0 0 ( $ 1 0 0 ) ................................... - ..............
F irst m tg o $ 1 ,0 0 0 ,0 0 0 g o ld ! 1910 5 g J -D
43 3 ,0 0 0 Ju n o 1 1935
($500) guar p Sc i ________ c * [ I n t . a t C it. T r. & S a v . B k ., C o lu m b u s , T ru s t,
Bonds.— R em ain in g b o n d s reserved fo r a cq u isitio n o f a d d itio n a l real
es ta te, a d d itio n a l stories o n prosent b ld g , a n d o th e r im p ts . N o t s u b j.
t o ca ll.
O F F I C E R S .— 'P res., D a n a S teven s; V .P s ., J . B . F ora k or J r. a n d W .H .
M cA lis te r; S e e .* T r e a s ., F . A . I le a ly .— V . 9 2 , p . 1564; V . 9 3 , p . 1532, 1599.
(2) The I n d i a n a Colum bus & Eastern T raction Co.— A tr o lle y road.
L eased to th o O h io E le c tr ic R y . A u g . 31 1907. L a tte r c o m p a n y gu a ra n
tees Interest o n b on d s a n d 5 % d iv s . o n p ro f, s to c k a n d ow n s en tire c o m . stk.
O R G A N I Z A T I O N .— In c o r p o r a te d in O h io on A p ril 14 1906 an d has a c
q u ired th o D a y t o n S prin gfield Sc U rb an a E le c . R y ., th e C o lu m b u s L o n d o n
Sc S prin gfield R y ., th e C o lu m b u s G r o v e C it y & Sou th w estern R y ., th e
U rb an a B cllofon ta ln e Sc N o rth e rn R y ., th o S prin gfield Sc W estern R y ., tho
D a y to n & N orth ern T r a c tio n C o . a n d a b o u t 12 m iles o f th o D a y t o n Sc
M u n c io T r a c tio n C o ., e xten d in g fro m G reen ville t o U n io n C it y o n tho
In d la n a -O h lo S ta te lino. H as a lso acq u ire d th e C o lu m b u s & L ake M ich ig a n
R R . , a steam roa d op eratin g betw e e n L im a a n d D e fia n c o , w h ich has been
c o n v e r te d Into e lectricity .
Leases tho D a y to n & W estern T r a c t io n C o . a n d th e C o lu m b u s N e w a rk &
Z a n esv illo E lec. I iy ., w hich latter c o m p a n y h ad p re v io u s ly a b s o rb e d the
C o lu m b u s U u ck o y c L ake & N e w a rk T r a c tio n C o . an d th o Z a n esv illo R y . L t.
Sc P ow er C o . T h ese leases w ere a ssigned t o th o O h io E le c. R y . A u g . 31 1907.
T h e new general an d refu n din g m o rtg a g e b o n d s w ere listed o n th e P h ila
d elp h ia S to ck E x ch an ge in F e b ru a ry 1907. V . 8 4 , p . 339 . See de scrip tio n
o f b o n d s, p r o p e r ty , & c ., in V . 8 3 , p . 3 7 .
D o w n in g .— V . 8 5 , p . 600; V . 8 6 , p . 721; V . 8 7 , p . 3 7 .
(a ) D a y t o n & W e s t e r n T r a c t i o n . — T r o lle y r o a d .
O R G A N I Z A T I O N .— In c o r p o r a te d o n Jun e 26 1898. W a s leased o n Jun e
15 1906 t o I n d . C o lu m . & E a s t. ( V . 8 2 , p . 143 7). F o r te rm s, see b e lo w .
STOCK —
D iv . P e rio d . O u ts tan d 'g . L a s t D iv id e n d .
Q -J
$ 7 4 7 ,5 0 0
See t e x t.
C o m m o n , $ 90 0,00 0 ( $ 1 0 0 ) ......................
Q -J
8 50 .000
S ee t e x t.
P r o f, $ 85 0,00 0 ($100) 5 % c u m ________
D ividends.— L ea se tak in g e ffe c t Ju n o 15 1903 p r o v id e s fo r 5 % p e r an n u m
on p re f. s to c k a n d 5 % o n c o m . s to c k in 1903 a n d 1907, 5 H % in 1908 a n d
6 % thereafter.
R O A D .— D a y t o n , O ., t o R ic h m o n d , I n d ., w ith b ra n ch fro m N e w W e s t v illo to N o w P a ris, 3 8.87 m iles. A t R ic h m o n d co n n e c tio n is m a d e w ith
T e r r o H au te I n d . & E a st T r a c ., th u s m ak in g a th ro u g h lin o fro m In d ia n
a p o lis, v ia D a y to n t o C o lu m b u s , a d ista n ce o f 184 m ile s. V . 8 2 , p . 143 7;
V . 8 3 , p . 3 6 , 9 4 , 379.
O F F I C E R S .— P res, an d T r e a s ., V a len tin e W in te rs; V . - P . , J . I I . W in te rs ;
S e c ., R . R . D ic k e y ; A s s t. S e c. a n d T r e a s ., F . A . F u n k h o u se r, all o f D a y t o n .
(b ) C o l u m b u s N e w a r k & Z a n e s v il le E l e c t r ic R y . C o . — A t r o lle y r o a d .
O R G A N I Z A T I O N .— I n co rp o ra te d in O h io o n J u ly 2 1902, a n d in A p ril
1904 a b s o rb e d th e N e w a rk & G ra n v ille Street R y . In Ju n e 1906 a c q u ir e d
th e C o lu m b u s B u ck e y o L ake Sc N ew a rk T r a c tio n G o ., the preferred sh a re
h old ers bein g given $ 50 0,00 0 in p re f. s to c k fo r their h o ld in g s. A ls o t o o k
o v e r th e Z a n e sv . R y . L igh t & P o w e r C o . a n d w as then leased o n J u n e 23
1906 t o th e In dian a C o lu m . & E a s t. T r a c . C o . fo r len gth o f fra n c h is e a n d
renow als th e re o f.
R en ta l is Interest o n b o n d s, an a m o u n t equ a l t o 6 % on
th o preferred s to c k an d $500 fo r orga n iza tio n expen ses.
V . 8 3 , p . 625 .
P riv a te rig h t o f w a y fro m N ew ark t o Z an esv ille; franchises o n o th e r lines
expiro 1925 t o 1928. E n tire c o m m o n s to c k Is o w n e d b y O h io E le c . R y . C o .
STOCK AN D BON DS—
D a te . In te re s t.
O u ts ta n d in g .
M a t u r it y .
C o m m o n , $ 1 ,5 2 5 ,0 0 0 ($ 1 0 0 )________
_________
$ 1 ,5 2 5 ,0 0 0 ............. .........
P f, 6 % c u m , $ 5 0 0,00 0 ($ 1 0 0 )_ 6 Q -J
5 00 .000 See te x t.
1st m tg o . $ 2 ,0 0 0 ,0 0 0 , g o l d !
1904 5 g M -S
1 ,2 50,000 M c h 1 1924
($1,000)
_____ _______ c * [ I n t . a t C o l.-K n ic k . T r . C o . , N . Y . , tru stee.
G en Sc r e f m tg e , g o ld . $6.-1 1906 5 g M -N
1,207,000 M a y 1 1926
25 0 ,0 0 0 ($ 1 ,0 0 6 )_______ c * / l n t . a t G irard T r u s t C o .. P h ila ., T r u s te e .
O B I, & N 1st m tg o . $1,500,-1 1901 5 g M -N
1 ,2 4 3 ,0 0 0 N o v 1 1921
0 0 0 , g o ld ($ 1 .0 0 0 )_______c * j I n t . a t C o l.-K n ic k . T r . C o ., N . Y . , tru stee.
Z a n e sv illo R y , L t Sc P o w 1st f
1902 5 g M -S
7 50 .000 See te x t,
co n s m o rtg a g e , $ 1 ,0 0 0 ,OOOflnt. a t C e n t. T r . & S. D . C o . , C in e ., T r u s te e ,
($500, $ 1 ,0 0 0 ), g o ld ____ c * l
o r T r u s t C o . o f A m e rica , N ew Y o r k .
R eg istrar, G uardian T r u s t & Safe D e p o s it C o . , Z a n e sv ille , O h io .
Z a n e sv E le c 1st m tg e , $ 3 0 0 , - [
1899 4 g F -A
25 0 ,0 0 0 F eb 1 1919
0 0 0 , g o ld , s u b jo c t t o c a ll{I n t e r e s t a t In te rn a tio n a l T r u s t C o . , B o s t o n ,
a fte r 1903, $ 1 ,0 0 0 e a c h - . c l
T ru ste e .
Z a n e sv ille E le c L t C o c o u p o n ! 1901
5%
3 ,5 0 0
See te x t.
n o t e s ----------------------------------- [In te rn a tio n a l T r u s t C o . , B o s to n , tru stee.
Bonds.— O f th e $6,25 0 ,0 0 0 gen . & re f. b o n d s, $ 3 ,4 9 7 ,0 0 0 are re se rved t o
retire p rior liens an d Sl,546,O0O fo r b e tte rm e n ts a n d exten sion s. T h e y are
s u b je c t t o call a fter 5 years a t 105 an d in t. U n der term s o f this m t g e ., n on e
o f the $75 0,00 0 1st m tge . b o n d s unissued ca n now b e issu ed. T h e en tire
issuo o f C o l. N o w . & Z a n e sv . 1st 5s ca n b o ca lle d a t 110 and in t. o n a n y in t.
d a te . V . 80, p . 1234. T h o C o l. B u ck . L . & N e w . b o n d s aro s u b je c t to
call o n a n y in t. d a te a t 110 an d Int. on 3 m o n th s ’ n o tice . Z a n e sv ille R y .,
L t. Sc P ow er b o n d s fell d u o O c t . 1 1912 b u t w ere e xte n d e d t o M a r . 1 192 4.
$250,000 reserved to retire u n d erlyin g b o n d s. Z a n e sv ille E le c. L t . c o n .
n otes m atu re $ 3,500 a n n u ally o n N o v . 1.
R O A D .— O perates 90.21 m iles o f track fro m C o lu m b u s t o Z a n e sv ille,
includ ing th o c it y lines in Z a n esv illo. N ew ark a n d G ra n v ille a n d a b ra n ch
to B u ck e y e L ake. O perates ligh tin g a n d p o w e r plan ts In Z a n e sv ille .
S tan d ard gauge; 60 an d 7 0 -lb . T rail an d 9 0 -lb . girder. A ls o ,o w n s a m u s e
m en t park o n B u ck e y o L a k e . O w ns a n d o p era tes its H ebronT pow er p la n t
w ith its ow n natural gas.
O F F I C E R S .— P res., D a n a Stevens; V .- P ., J . B . F orak er J r .; S e c . &
T r e a s ., F . A . H e a ly .— V . 8 7 , p . 37; V . 9 5 , p . 4 7 , 890 . 1039.
(3) L im a E l e c t r ic R a ilw a y & L i g h t . — A tro lle y r o a d .
A c q u ir e d b y purchase b y O h io E le ctric R y . D o c . 31 1909.
O R G A N I Z A T I O N .— T h e c o m p a n y is a c o n so lid a tio n c o m p le te d A u g . 1
1900 o f th e L im a R y . (in co rp o ra te d N o v . 5 1896) and the Lim a E le c tr ic
L igh t & P o w e r C o . W a s leased J u lv 1 1905 t o th o L im a Sc T o le d o T r a c t io n ,
w hich lease w as assigned t o O h io E le ctric R y . A u g . 31 1907.
STO C K A N D BON DS—
D a te .
In te re s t.
O u ts ta n d in g .
M a t u r it y .
S to c k , $ 5 ,0 0 0 ( $ 1 0 0 ) .........................
........ . . .
$5,000
L im a R a ilw a y , first m tge ,
1898
5 g J -D
105,000 D o c 1 1916
$ 2 0 0 ,0 0 0 , g o ld ( $ 5 0 0 ) c * In t. at C itize n s’ S avin gs Sc T r u s t C o . , C le v e .,
T ru stee; also a t F o u rth N a t. B a n k , N . Y .
L im a E le c L t Sc P o w e r , g o ld ,
1900
5 g J -D
25,000 Jun o 1 1917
1st M , $85 ,000 ($1,000) - c * I n t . a t C le ve la n d T r u s t C o ., C le v o ., T r u s te e .
1900
5 g J-J
230,000 J u ly l 1916
L im a E le ctric R y Sc L ig h t,
g o ld , first c o n s o l m o rtg a g e , I n t . a t C le ve la n d T r u s t C o ., C le v e .. T r u s te e ,
o r Stan d ard T r u s t C o ., N ew Y o r k .
$ 50 0,00 0 ($ 5 0 0 )..............._c*
2d c o n s o l m ortg a ge, $850,000, 1902
5 g A -O
350 ,000 A p r 1 1925
g o ld ($ 1 ,0 0 0 )-------- --------- c * I n t. a t F id e lity T r u s t C o ., b u ffa lo . T r u s te e .
Lim a B loc R y & L ig h t, ref 1905
5 g M -S
510 ,000 S ep t 1 1925
m o rtg a g e , $ 1 ,2 5 0 ,0 6 0 , g o ld Iin
w irard
iraru Tr r . C
on
im
a ., P
r aa ..,, Tirruusstte
ee.
n tt.. a t G
o .,, P
hn
ila
Bonds.— O f the first c o n so l, m tge . g o ld 5s, $ 24 0,00 0 are reserved t o retire
the a b o v e tw o p rior liens. T h e L im a R y . b o n d s m a y b e called a t par on 4
w eeks’ n o tice . $10 ,000 retired D e c. 1 a n n u ally.
Lim a E lec. L ig h t Sc P o w .
bo n d s m a y b o called on a n y Int. d a y o n 30 d a v s ’ n o tice . $ 5 ,0 0 0 retired
Jun e 1 an n u ally. O f the $ 85 0,00 0 2d c o n s o ls, $50 0,00 0 are reserved t o re
tire a like a m o u n t o f first c o n s o ls. T h e se b o n d s are a lien on th e e le ctr ic Ight an d heating p la n t, as w ell as on the railw ay. C a n n o t be ca lle d b e fo r e
m a tu rity. Seo V . 75, p . 7 9 . $74 0,00 0 refu n din g b o n d s are reserved t o
retire p rior liens.
R O A D .— O w ns 12 m iles o f tra ck , also a steam -h eatin g pla n t (fran ch ise
perpetual, o p era ted in c o n n e ctio n w ith th e e lectric-lig h tin g p la n t). C o n
tract o rdin an ce fo r c it y ligh tin g expires A p ril 1919.
O F F I C E R S .— P re s ., D a n a Stevens; V .- P s ., J . B . F orak er J r. an d W . H .
M a cA listo r, C in cin n ati; S ec. & T ro a 3 ., F . A . H e a ly , C in cin n a ti.— V . 8 1 ,
p . 155. 1100.
(4) Fort W a y n e V a n Wert & L im a T raction Co.— A tro lle y r o a d .
O R G A N I Z A T I O N .— O n M a r . 1 1906 w as leased, until e xp iration of fra n
chises and renow als th e re o f, t o L im a Sc T o le d o T r a c tio n C o . , w hich g u aran
teed th e interest. V . 8 2 , p . 691 . Lease w as assigned t o O h io E le ctric R y .
A u g . 31 1907. T h e la tte r c o m p a n y ow n s all th o c o m m o n s to c k .
In c o r p o r
ated In In dian a a n d O h io.
R o a d is en tirely o n p riv a te r ig h t-o f-w a y , except
In to w n s, w here it has 25 o r 5 0 -y e a r fra n ch ises.
42
ELECTRIC RAILWAYS
S T O C K A N D B O N D S —■ D a le.
In terest.
O utstanding. M a tu rity
C o m m o n , $ 1 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) . - ........
_ .............
$ 1 ,0 0 0 ,0 0 0 ................. . . .
P r e f, $ 1 ,0 0 0 ,0 0 0 , 5 % n - c ( $ 1 0 0 ) ................................
1,0 0 0 ,0 0 0 .......................
F irst m tg e, $ 2 ,0 0 0 ,0 0 0 , g o l d / 1905
5 g J -J
1,4 7 0 ,0 0 0 J u ly 1 1930
gu aran teed ($ 1 ,0 0 0 )____ c * \ I n t . at F id e lity T r u s t C o . , P h ila ., T r u s t e e .
Bonds.— O f th e $ 2 ,0 0 0 ,0 0 0 b o n d s, $ 5 3 0,00 0 are reserved fo r exten sion s
a n d im p rov em en ts .
V . 8 2 , p . 691. A r e n o t s u b je c t t o c a ll.
R O A D .— 59.8 9 m iles o f e lectric track fro m F t . W a y n e v ia N e w H a v e n .
M o n r o e v ille , V an W e r t , M id d le p o in t, D e lp h o s an d E lid a t o L im a . C o m
m e n ce d c o m p le te op e r a tio n N o v . 15 1905. C o n n e c ts a t F t . W a y n e w ith
th e F t . W a y n e & N o r . I n d . T r a c . and a t L im a w ith th e O h io E le c . R y . ,
a n d form s p a rt o f th rou gh line fro m F t . W a y n e t o T o le d o , D a y t o n an d
C o lu m b u s . S tan d ard g a u g e , 7 0 -lb . T rails.
O F F I C E R S .— P res., D an a S teven s; V .- P . , J . B . F orak or J r .; S e c. &
T r e a s ., F . A . M ealy.— V . 8 2 , p . 691 , 804; V . 8 3 , p . 3 7 .
(6) C i n c i n n a t i D a y t o n & T o l e d o T r a c t i o n C o . — T r o lle y r o a d
L ea sed t o th e O h io E le c tr ic R y . C o .; see te rm s b e lo w .
O R G A N I Z A T I O N .— In c o r p o r a te d in O h io o n M a y i 9 1902, a n d is a c o n
s o lid a tio n o f th e S ou th ern O n io T r a c t io n C o . , th e C in cin n a ti & N o r t h
w estern R y . , th e M ia m ls b u r g & G e rm a n to w n T r a c tio n C o . an d th e H a m il
to n & L in d en w a ld E le c . T r a n s. C o . V . 7 4 , p . 88 4 , 1037. Franchises are
fo r 25 t o 50 years.
L ea se.— W a s leased to th e C in cin n a ti N o rth e r n T r a c tio n C o . M a y 1 1905
fo r len gth o f fra n ch ise an d renew als th e re o f. L ea se transferred to O hio
E le c t r ic R y . C o . F e b . 1 1908. A fte r th o O h io flo o d s in 1913 a lease w as on
Ju n e 23 1913, b y agreem en t w ith O h io E le c tr ic R y ., m o d ifie d (see V . 96,
p . 1 5 5 6 ,1 8 3 9 ) to p r o v id e fo r p a y m e n ts as fo llo w s : (a) Jun o 24 1913, $92,000;
(6) fo r yea rs en din g Jun o 3 0 , re s p e ctiv e ly ; 1913-14, $26 6,50 0; 1914-15,
$ 2 6 6 ,5 0 0 ; 1915-16, $27 6 ,5 0 0 ; 1916-17, $ 28 6,50 0; 1917-18, $ 29 6,50 0; 1918
19, $ 3 0 6 ,5 0 0 ; 1919-20, $31 6 ,5 0 0 ; 1920-21, $ 32 6,50 0; 1921-22, $34 6,50 0;
1922-23 and th ereafter, $36 6 ,5 0 0 ye a rly . D iv s . on a n y p re f. s to c k th at m a y
b e issued b e y o n d th e $25 0 ,0 0 0 o u tsta n d in g a t tim e o f a greem en t are t o b o in
a d d itio n t o these p a y m e n ts . Lessee also p a y s $ 1 ,0 0 0 per ann um for
le s so r ’s org a n iza tion expenses an d a n oth er $ 1 ,0 0 0 per an n u m t o b e in vested
b y lessor t o m eet fu tu re expenses.
U n d er m o d ifie d agreem en t o f lease o f J un e 23 1913, o u tsta n d in g c o m m o n
s t o c k w as red u ced fro m $ 5 ,0 0 0 ,0 0 0 to $ 3 ,0 0 0 ,0 0 0 — th o O h io E le c tr ic R y .
surrendering tho $ 1 ,0 0 0 ,0 0 0 h eld b y it an d th e o th e r shares bein g exch an g ed
t w o fo r on e .
V . 9 6 , p . 1556.
O utstanding. ? M a tu rity .
STOCK AN D BON DS—
D a te.
In terest.
$ 2 ,0 0 0 ,0 0 0 See te x t.
C o m m o n , $ 2 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) - - ____
J-J
250 ,0 0 0 See text.
P r e f, $ 2 5 0 ,0 0 0 , 5 % c u m ( $ 1 0 0 ) ____
J-J
5 g J-J
2 ,7
.........................,
0 0 ,0 0 0 J u ly _______
1 1922
C in c in D a y & T o l 1st c o n s M , j 1902
$ 5 ,0 0 0 ,0 0 0 , g ($ 1 .0 0 0 )--C * 1 In terest at C le v e la n d T ru s t C o ., T ru ste e .
S ou th ern O h io T r a c 1st c o n s l 1900
5 g M -N
1,3 5 0 ,0 0 0 M a y 1 1920
$ 2 ,0 0 0 ,0 0 0 ($ 1 ,0 0 0 ), g o l d c * ]I n t . a t C le v e la n d T ru s t C o ., T ru ste e , o r at
I Stan d ard T r u s t C o ., N e w Y o r k .
C ln & H a m E le c l s t g ($500)1 1898
6 g J-J
400 ,0 0 0 J u ly 1 1918
$ 5 0 0 ,0 0 0 , n o t su b j t o c a l l . . 1I n t. at C it . S a v . & T r . C o . , C le v e ., T ru stee.
D a y t o n T r a c t io n 1st M , g f 1896
5 g J-J
2 50 ,000 J u ly 1 1916
($ 1 ,0 0 0 ), in t g u a r-----------c * \ I n t . at F in a n ce C o o f P e n n ., P h ila ., T ru ste e .
I la m & L in d en w a ld E l T ra n l 1901
5 g J -D
250 ,0 0 0 J u ly 1 1922
1st M s f $ 2 5 0 ,0 0 0 , g ( $ 1 , - } In terest a t C le v e la n d T r u s t C o ., T ru ste e .
0 0 0 ), Int g u a r ___________c*J
M ia m & G erm 1st gu a r ( $ 5 0 ,-/ 1901
5 g J -D
50,000 J u ly 1 1922
0 0 0 ), g o ld ($ 1 ,0 0 0 )_____ c * (I n t e r e s t a t C in cin n a ti T r u s t C o ., T ru stee.
Bonds.— N o n e o f th e Issues is s u b je c t t o ca ll. O f tho $ 5 ,0 0 0 ,0 0 0 C ln .
D a y . & T o l . T r a c . Issue, $ 2 ,3 0 0 ,0 0 0 is reserved t o retire p rio r liens. See
V . 8 1 , p . 154.
O f th o $ 2 ,0 0 0 ,0 0 0 S o u th . O h io T r a c tio n b o n d s , $65 0 ,0 0 0 aro reserved to
retire C ln . & I la m . E le c tr ic b o n d s an d D a y t o n T r a c t io n b o n d s. Issue
listed on P h ila d elp h ia S to ck E x ch a n g e .
T h e H a m . & L in d . E le c . T r a n , and M ia m is b . & G e rm , b o n d s o rig in a lly
fell d u e D e c . 1 1911, b u t arrangem ents w ere m a d e a t th a t tim e t o extend
th em t o J u ly 1 1922. V . 9 3 , p . 1386, 1387. A n n u a l sin kin g fu n d o f 5 % on
H a m . & L in d , b o n d s b egan D e c . 1 1906, increasing 1 % each y ear u p t o 1911.
D ivid en d s.— 5 % p er an n u m is p aid o n th e p r e f. s to c k . O n c o m ., under
m o d ifie d lease, d iv s . are su spen d ed u n til y e a r b egin n in g J u ly 1 1915, w hen
K % w ill b o p a id , this increasing K % a n n u a lly u n til th o y ear beginning
J u ly 1 1921 (a fter a d iv id e n d ra te o f 3 % has been r e a c h e d ), w hen th o increase
Is 1 % per a n n u m , u n til 5 % is reach ed in th e y e a r begin n in g J u ly 1 1922.
R O A D .— O w ns 67.2 2 m iles o f e le ctric tr a c k , c o n n e ctin g C in cin n ati w ith
D a v t o n , in c l. G e rm a n to w n , M t . H e a lth y an d C o lle g e H ill branches; also
Inclu din g the H a m ilto n C it y lin e s. 54 cars; 1 lo co m o t iv e . C arries freigh t
and express.
O F F I C E R S .— P r e s ., T h e o b a ld F elss; V .- P . , C . n . R o m b o ld ; V . - P .
W . A . D ra p er; S ec. & T r e a s ., F . A . H e a ly ; A s s t. S ec. & A sst. T r e a s .,
D . J . D o w n in g , a ll o f C in c in n a ti.— V . 8 1 , p . 154; V . 96, p . 1556, 1839.
C O L U M B U S D E L A W A R E & M A R IO N R Y . — A h o ld in g c o m p a n y .
R eceivership.— A p p o in tm e n t o f E li M . W e s t as re ceiver w as a ffirm e d
b y th o C ircu it C o u rt a t C o lu m b u s in all resp ects.
O n F e b . 4 1913 J u d ge S ater in th e U . S. D is trict C o u rt dism issed the
p e titio n o f R o b e r t W . B in gh am (V . 95, p . 480 , 297) fo r th o a p p o in tm e n t o f
a n ew receiver an d th o fo reclosu re o f th e m tg e . b y th o Federal C o u rt,
h old in g th a t th e m a tter w as o n e o f w h ich th e S ta te C o u rts had ju r is d ic tio n .
V . 9 6 . p . 652 .
I n t . d u e A u g . 1912 w as p aid in F e b . 1913; F e b . 1913 in t. w as p aid A u g .
1913 an d A u g . 1913 in t. w as p a id , b u t n o t on tim o.
Personal Judgm ent.— O n M a y 13 1912 th o C o u rt o f C o m m o n P leas o f
G reen C o . g a v e a ju d g m e n t t o R e ce iv e r W e s t against John G . W e b b for
1,055,931 as ba la n ce d u o in suit b ro u g h t fo r an a cco u n tin g .
H e (M r .
V ebb) w as also h eld t o b o fu rth er liab le t o th e C o l. D e l. & M a r . R y .i n
ev en t o f th o gu ar, o f th a t c o m p a n y b ein g held v a lid on b o n d s o f 3 s u b . c o s .,
v i z ., $50 0,00 0 C o l. M a r . & B u cy ru s, $20 0,00 0 M a r . & W estern R y ., L t . &
P o w e r and $2 5 0 ,0 0 0 M a r . & S uburban R y .
V . 94, p . 1448.
O n Ju n e 11 1913 th e C la rk C o u n ty C o u rt o f A p p e a ls a ffirm e d th e ju d g
m e n t gra n ted on M a y 13 1912. V . 9 6 , p . 1700.
O n A p r . 28 1913 J u d g e K in k ead a u th . re c e iv e r ’s ce r tfs . fo r $25 ,650 to
p a y fo r repairs necessitated b o d am age d o n e b y f lo o d s . T h o c e rtifica te s,
It Is s ta te d , w ill b o given se co n d preferen ce in cla im s against th o re ceiver.
V . 9 6 , p . 1296.
O R G A N I Z A T I O N .— In c o r p o r a te d in O h io in O c t . 1904 and ow ns th o
en tire c a p ita l s to ck s o f th o C o lu m b u s D cla w a ro & M a r io n E le ctric R R . ($ 1 ,
0 0 0 ,0 0 0 ), th e M a r io n R y ., L t . & P ow er C o . ($300,000) an d th e C o lu m b u s
N orth ern R y ., P o w e r & E q u ip m e n t C o . ($ 3 0 0 ,0 0 0 ).
STO CK AN D BON DS—
D a te.
Interest. O utstanding.
M a tu rity .
C o m m o n , $ 2 ,1 0 0 ,0 0 0 ($ 1 0 0 ).......................................
$2,1 0 0 ,0 0 0 .......................
P r e f “ A ,” 6 % c u m , $ 5 0 0 ,0 0 0 ...............................................................................................
P r e f “ B , ” 1 -6 % c u m , $40 0 ,0 0 0 ........
........................................................................
F irst r e f m tg e , $ 2 ,5 0 0 ,0 0 0 ,/ 1904
5 g F -A
920 ,000 A u g 1 1 9 4 4
g old ($500 & $ 1 ,0 0 0 )____ c * l in t , at B a n k e rs’ T r u s t C o ., N . Y . , T ru ste e .
Stock.— T h o p ro f. “ A ” an d p re f. " B ” shares w ere cre a te d In 1908 ( V . 86,
p . 128 4 ), an d d iv id en d s on b o th are c u m u la tiv e : b u t those on th e “ B ”
shares are en titled t o o n ly 1 % th e first y e a r , w ith an ad d ition a l 1 % fo r each
y ea r th ereafter until 6 % is reach ed.
Bonds.— O f th e new re f. m tg e ., $ 1 ,6 8 0 ,0 0 0 are reserved to retire th o b o n d s
o f th e C o l. N o r . R y ., P . & E . C o ., th o M a r io n R y ., L t . & P . C o . an d th e
C . D . & M . E lec. RR.
E A R N I N G S .— F o r y e a r e n d . Juno 30 1911, gross, $38 5,34 5; n e t, $ 1 6 1 .
965; In t., taxes, & c ., $ 15 7,66 2; surplus, $ 4 ,3 0 3 . F o r year en d . A u g . 6
1910, gross. $35 9,13 7; n e t, $15 2,75 2; in t ., ta x e s, & c ., $14 8,46 9; surplus,
$ 4 ,2 8 3 .
O F F I C E R S .— A u d . fo r R e c e iv e r , A . F . E lk in s; P r e s ., John G . W e b b !
V .- P . , O . M . G otsch a ll; S e c ., H en ry B . H an e; T r e a s ., N . J . C a tro w ; S u p t.,
J . H . L a h rm cr.— V . 9 5 , p . 297 . 480, 1331, 1472; V . 9 6 . p . 652 , 1296, 1700.
f
(1) C o l u m b u s D e 'a w a r e & A la rio n E l e c t r ic R R .
In terest d u o N o v . 1 1912 w as p aid M a y 1 1913.
In t. d u e M a y 1913 w as
p a id in N o v . 1913. T h e N o v . 1913 in t. n o t y e t p a id .
O R G A N I Z A T I O N .— In c o r p o r a te d in 1901.
BON DS—
D ate.
Interest. O utstanding.
M a tu rity.
1st m o r t ., $ 1 ,0 0 0 ,0 0 9 , g o l d / 1901
5 g M -N
$ 1 ,0 0 0 ,0 0 0 M a y 1 1921
( $ 1 , 0 0 0 ) _________________ c * { I n t . at C le ve la n d T r u s t C o ., C le v e la n d ,
I T ru ste e , o r N a t . B a n k o f C o m m , in N . Y .
Bonds.— See V . 7 5 , p . 76.
R O A D .— O perates an e lectric railw ay o v e r p r iv a te rig h t o f w a y fro m
C o lu m b u s t o M a r io n , passing through F ran k lin , D ela w a re and M a r io n
co u n tie s . A ls o 4 m iles in th e C it y o f D e la w a re , a to ta l o f 57 m iles. V . 80,
p . 117; V 9 1 . p . 945; V . 93. p . 1190.
[ V o l . XCVIII
(2) Colum bus Northern Ry. Power & Equipment Co.
O R G A N I Z A T I O N .— In c o r p o r a te d in O h io o n O c t . 24 1904 t o e rect a
p o w e r h o u se a t D e la w a re an d su b -s ta tio n s t o s u p p ly electricity fo r p o w e r
an d h ea t.
R e ce iv e r o f C o l. D e l. & M a r io n R y . w as au th orized to borrow
m o n e y to p a y in terest d u e S e p t. 1 1909. V . 8 9 , p . 592 . In terest sin ce
then has been p a id .
BON DS—
D a te.
In terest. Outstanding.
M a tu rity.
1st m o r tg a g e , $ 3 0 0 ,0 0 0 , g o l d / 1904
5 g M -S
$ 2 7 0,00 0 S ept 1 1934
($ 1 ,0 0 0 ) ..................................c ( I n t . a t G u a r a n ty T r u s t C o ., N . Y . . T ru stee.
(3) Alarion Railway, Light & Power Co.
O R G A N I Z A T I O N .— I n c o r p o r a te d In O h io on Jun e 24 1903 an d Is a
c o n s o lid a tio n o f th e M a r io n Street R a ilw a y C o . and th o M a r io n E le c t r ic
L ig h t & P o w e r C o . J a n . 1914 interest n o t y e t p a id .
BON DS—
D a te.
Interest. Outstanding.
M a tu rity.
1st m tg e , g o ld ( $ 1 ,0 0 0 ) - - - C * / 1904
5 g J-J
$30 0,00 0 J u ly 1 1 9 2 4
l i n t , a t G u a ra n ty T r u s t C o ., N . Y . , T r u s te o .
B on ds.— N o sinking fu n d an d b o n d s c a n n o t bo c a lle d .
R O A D .— Six m iles o f tra ck in M a r io n . S ta n d a rd g a u g e. 60 and 8 0 -lb . r a il.
COLUMBUS A1ARION & BUCYRUS R Y.
O R G A N I Z A T I O N .— In c o r p o r a te d in O h io in M a y 1913 as a reorganiza
tion o f th o C o lu m b u s M a r io n & B u cy ru s R R ., sold u n d er fo reclosu re p e r
plan V . 9 6 , p . 1488, 1839. O p e ra te d a t presen t b y G e o . W h y s a ll, a g e n t
fo r Jas. I I . C a ld w e ll, C h airm an B on d h old ers' c o m m itte e .
STOCK A N D BO N DS—
D a te .
In terest. O utstanding.
M a tu rity.
................
$ 3 5 0 ,0 0 0 .......................
S t o c k , $ 3 5 0 .0 0 0 ........................ ................
F irs t m tg e , $ 1 0 0 ,0 0 0 _______ t f _____
6% g
100,000
20 years
G e n & R e f M . $35 0 ,0 0 0 , gold t f ____
See te x t .
250 ,0 0 0 ......................
B on ds.— T h e 1st M . 6s are red. a t 1 0 2 K and in t. on a n y in t. d a y . T h e
in terest on th e g e n . & r e f. m tg e . b o n d s is 3 % fo r th o 1st & 2d yea rs, 4 %
3d & 4 th years an d 5 % th e re a fte r. SlOO.000 reserved t o retire 1st M . b o n d s
V . 96, p . 1488, 1839.
AlARION & WESTERN RAILW AY. LIGHT & POWER CO.
Default.— Interest has been in default since Sept. 1906. Up to Sept. 1913
no receiver had been appointed. Suit has been brought in Federal Court
at Cincinnati against the directors of tho company for an accounting of the
proceeds of bonds.
ORGANIZATION.— Incorporated in Ohio on Sept. 26 1906 to purchase
the Prospect Electric Light Co. and to build from Prospect to Richwood
Ohio, 7 miles.
STOCK A N D BONDS—
D a te.
In terest. Outstanding.
M a tu rity.
------$200,000 ...............
Stock. $200,000...........- ................... 1st mortgage, $200,000, gold] 1906
5 g A-O
200,000
1936
($500)
___ (Interest at Cincinnati Trust Co., Trusteo.
Bonds.— Subject to call after 1912 at 110. Sinking fund of $5,000 per
annum after 1912.
OFFICERS.— Pres., N. J. Catrow; V.-P., J. G. Webb; Treas., G. II*
Holzbog; Sec., J. S. Webb.
MARION & SUBURBAN RAILW AY CO.
R eceiversh ip — Int. duo Oct. 1 1909 is in default. In Fob. 1910 Geo. Why
sal! was appointed receiver. Suit has been brought against tho directors
for an accounting of the proceeds of bonds.
Up to Jan. 1914 was not de
cided.
ORGANIZATION.— Incorporated in Ohio Sept. 25 1906 to build the
necessary extensions of trackage to tho local Marion City lines demanded
by the City of Marion. IK miles completed; nono in operation; no work is
being done.
STOCK AND BONDS— D a te.
In terest. O utstanding.
M a tu rity.
__ _____
_______
$250,000 ---------------Stock S250 000
First mortgage, $25 L000,7 1906
5 g A-O
250,000
1936
gold ($500).......................... (Interest at Cincinnati Trust Co., Trusteo.
Bonds. — Subject to call after 1912 at 110. Sinking fund of $5,000 per
annum after 1912.
OFFICERS.— Pres., Geo. H. Holzbog; V .-P., J. G. Webb; Treas., N. J.
Catrow; Sec., H. B. Hane.
COLUMBUS NEW ALBANY & JOHNSTOWN TRACTION CO.— A
trolley road.
ORGANIZATION.— Incorporated in Ohio on May 4 1899. In M ay
1905 canceled old mtge. for $200,000 and made tho new mortgage in table
below. V. 80, p.2399. F ranchises are for 25 years.
STOCK AND BONDS—
D a le .
Interest. Outstanding.
M a tu rity .
Common. $400,000 ( $ 1 0 0 ) - - - - ---------------^00,000 ...................
Preferred, 6% cum, $ 2 0 0 ,0 0 0 /---------------200,000 ---------------First °mtge, $450,000, gold/ 1905
5 g J -J
None. Jan 1 1925
t$500 and $1,000).........ntf(P rov. Sav. Bank & Tr. Co., Cine., Trustee.
REPORT.— For year ending Juno 30 1913, gross, $55,783; not profit.
$12,099; taxes, $1,501; balance, $10,598.
ROAD.— Operates 8.8 miles of track from Columbus to Gahanna, includ
ing perpetual lease of 2.7 miles of tracks of the Columbus Ry. as terminal;
gauge, 5 ft. 2 in.; 65-lb. T rail— V. 82, p. 1211; V. 91, p. 1160, 1629; V. 92.
_______
p. 1032, 1498.
SCIOTO VALLEY TRACTION CO.— Third rail.
ORGANIZATION.— Incorporated in Ohio with a perpetual charter in
1904. Built on private right of wav. fr a n c h is e s e^ond^eyond maturity
of 1st mtge. bonds. In 1908 canceled $2,000,000 mtgo. of 1J03 and made
new mtge. for $4,000,000. which see below. Stockholders voted Sept. 22
> th e C o lu m b u s D e p o t <JO. w as in
c o m p a n y t o b u ild a term inal in C o lu m b u s .
STOCK AN D BON DS—
D a te.
In terest.
C o m m o n , $ 1 ,8 0 0 ,0 0 0 ($ 1 0 0 )........................... - - - - 1 st p r e f, $50 0 ,0 0 0 , 5 % c u m . . . ------<H
P r e f, $ 1 ,2 0 0 ,0 0 0 , 5 % c u m l ------Q-J
O utstanding.
- 3 0 0 ,0 0 0
1 ,200,000
M a tu rity.
v .V /;;;
Jan 14,1 K
Jan 14,1 )4
ls t^ m o r tg , $ 4 ,6 6 6 ,600, gold I 1908
5 M -S
1 ,600,000 S e p t 1 1923
( $ 1 , 0 0 0 ) _______________c * t f ( i n t . a t H arris 'l r . & S a v . B k .,C h ic ., T ru steo.
B onds.— T h e rem ain in g $ 2 ,4 0 0 ,0 0 0 o f 1st m tg e . b o n d s can o n ly b o issued
fo r 7 5 % o f cash e xp en d itu res, an d fo r p e rm a n e n t extensions and a d d ition s
t o p r o p e r ty , an d o n ly w hen n o t earnings are tw ice th o interest ch arge on
ou tsta n d in g b o n d s an d th ose t o b o issu ed. B o n d s h a v e a sinking fu n d o f
1 % p er ann um on b o n d s o u t 1913 t o 1917: th e r e a fte r 2 % p er ann um . T h e y
aro n o t s u b je c t t o ca ll. See p a rticu la rs, b o n d s, p r o p e r ty , & c ., in V . 8 7 ,
P ‘ D ivid en d s.— D iv id e n d s on o ld issue o f p r e f. s to c k w e re to a ccru e from
O c t . 1 1905, b u t am ou n ts d u e Jan . 1 1906 an d A p ril 1 1906 w ere relin qu ish ed
b y sh areholders, and 1st d iv . ( 1 ) 4 % ) w as p aid J u ly 4 9 0 6 and 1 ) 4 % O ct.
1906. V . 8 2 , p . 1440. F ro m 1907 t o 1913, i n c l., 5 % p er an n u m . In 1913.
J a n ., 1 ) 4 % ; A p r ., 1 ) 4 % ; J u ly , 1 ) 4 % : O c t ., 1 ) 4 % .
In 1914, J a n ., 1 ) 4 % .
E A R N I N G S .— F o r 12 m o n th s en d in g Ju n o 30 1913, gross, $46 4,23 6; n e t,
$20 2,61 9; in t. an d taxes, $98 ,6 7 0 ; d iv s ., $ 75 ,000 ; surplus, $28 ,949 .
R O A D .— O perates 72 m iles o f tr a c k fro m C o lu m b u s t o L a n ca ster and
fro m C o lu m b u s to C h illico th e . Is o p e ra te d b y th ird -rail s y s te m . S tand ard
gau g e, 7 0 -lb . T rail. W ith in c it y lim its o f C o lu m b u s , c o m p a n y op era tes
o v e r tracks o f C o lu m b u s R y . & L ig h t C o . u n d e r o p e ra tin g a greem en t.
O F F I C E R S .— P res, an d M g r ., F ran k A . D a v is ; V .-P r o s . an d T r e a s .,
E d w in R . Sharp; S e c ., A . C . M o o r h a u s ; S u p t., C . S k in n er.— V . 8 1 , p . 3 2 ,
778 , 1551. 1661; V . 8 2 , p . 101, 1158. 1440; V . 8 7 . p . 48 1 , 615 , 679; V . 9 1 .
p . 871,.
C O N C O R D , N. H.
CONCORD STREET RAILW AY.— A tro llo y road exten din g fro m the
central w ards o f C o n c o r d t o P o n a c o o k . C o m p rise s 12.71 m iles o f tra ck .
In Ju n o 1901 c o n tro l passed t o th o B o s to n & M a in e I t R ., an d in 1903 th e
N e w H am p sh ire L egislatu re a u th o rize d th o C o n co r d & M o n tr e a l R R .,
w h ich is leased t o th e B o s to n & M a ln o , t o p u rch ase th e p ro p e rty and to
Issue s to ck and bon d s to p a y th erefor.
J an ., 1914.
ELECTRIC RAILWAYS
C O R N I N G , N. Y.
C O R N I N G & P A I N T E D P O S T S T R E E T R V . - A tr o lle y r o a d .
O R G A N I Z A T I O N .— In co rp o ra te d D e c . I I 1891. C o m m e n c e d o p e r a
tion N o v . 1 1985. C o n tr o l ch a n g e d han ds in 1901.
V . 8 0 , p . 162.
STO C K A N D BON DS—
D a te.
Interest. O utstand ing.
M a tu rity .
S t o c k ,.$10 0,00 0 ( $ 1 0 0 ) ...................................................
$ 1 0 0 ,0 0 0 1 9 0 5 -0 6 ,4 %
1st m o rtg a g e , $ 1 0 0 ,0 0 0 .......... 1 1 8 9 6
5 J-J
100,000 Jan
11916
1 In te re st a t B e a co n T r u s t C o . , B o s t o n .
E A R N I N G S .— F o r year e n d in g Ju n o 30 1913, g ro ss, $72 ,6 4 9 ; n e t, a fte r
ta x e s , $ 1 4 ,7 4 2 ; oth er in c o m e , $591; in t ., ren ts, & c ., $ 9 ,8 0 5 ; su rp lu s, $ 5 ,5 2 8 .
R O A D .—-O w n s 5 .9 m iles o f track fro m C o rn in g t o P a in te d P o s t; 19 cars.
O F F I C E R S .— P r e s ., J. L . G rea tsin ger, B r o o k ly n , N . Y . ; S e c ., K . V .
D o u g h e r ty , N e w Y o r k ; T r e a s ., D . W . B ig o n e y , N e w Y o r k ; C o m p t ., C .P .
C r a w fo rd , N e w Y o r k .— V . 8 0 , p . 62.
C O R T L A N D , N. Y .
C O R T L A N D C O U N T Y T R A C T I O N . — T r o lle y .
. „
.
O R G A N I Z A T I O N .—-Is a reorgan ization on Jun o 22 1901 o f th e C o rtla n d
& H o m e r T r a c tio n , sold at fo re clo su re on A p r. 23 1901. In Jun e 1905 a b
so r b e d th e C o rtla n d & H o m e r E le c tr ic C o ., pre v io u sly co n tr o lle d . F u r
nishes 184 a rc ligh ts t o th e cities o f H om er an d C o rtla n d an d also ligh t tc
th e p u b lic . C arries coa l an d fre igh t as w ell as passengers.
STOCK A N D BON DS—
D ate.
Interest. O utstanding.
M a tu r ity .
S t o c k , c o m , $3 2 0 ,0 0 0 ($ 1 0 0 )-----------------a' - --7 V l n o n
7 1901
4 g A -O
180,000 A p ril 1 1920
F irst in tg e, $18 0,00 0 ($ 5 0 0 ), I C o u n ty S a v . B k . & T r . C o ., S cra n to n , P a .,
g o ld
__c*i
T ru ste e . In t. a t c o . s o ffic e . N o s in k . Id .
I C a n bo called on 6 m o n th s ’ n o tice .
N e w m ortg a g e, $ 50 0,00 0, g / 1905
5 g F -A
3 20 ,000 A u g 1 1935
($500 and $ 1 ,0 0 0 )--------------c (I n t e r e s t a t E m p ir e T r . C o
N . Y . , T r u s te e .
1st & r e f m tg e , $ 2 ,0 0 0 ,0 0 0 — / 1907
5 J -D
105,000 Ju n e 1 1957
( I n t . at T ru s t C o . o f A m e r ., N . Y . , T ru ste e .
Bonds.— O f th e $500,000 issue o f 1905, $ 1 8 0,00 0 are reserved t o retire
p rior liens. T h e y are s u b je c t to call a t 105.
R O A D .— O perates 15.92 m iles o f track betw een C o r tla n d , H o m e r , L ittle
Y o r k and P reble, and betw een C o rtla n d and M c G r a w v ille , 33 cars.
E A R N I N G S . — F or fiscal ye a r e n d in g Jun e 30 1913, gro ss, $83 ,3 6 2 ; n e t,
a fter taxes, $23 ,4 8 0 ; oth e r in c o m e , $19 ,8 7 9 ; in t ., re n ts, A c . , $29 ,4 4 1 ; sur
p lu s, $13 ,9 1 8 .
O F F I C E R S .— P r e s ., D . W . V an H oesen : V .- P ., E d w . II. B rew er; S e c ..
G . I I . G arrison ; T re a s . and G e n . M g r ., E d w in D u ffe y .— V . 8 1 , p . 507.
C O VIN GTO N,
KY.
C IN C IN N A T I N E W P O R T & C O V IN G T O N L IG H T & T R A C T IO N
C O .— A trolley r oa d .
O R G A N I Z A T I O N .— In co rp o ra te d u n d er th o law s o f N ew Jersey on
M a r c h 11 1902 an d pu rchased all th e s to c k o f th e U n ion L igh t, H eat A
P ow er C o . o f C o v in g to n and o f th e C in cin n a ti N e w p o rt A C o v in g to n Rail
w ay.
V . 74, p . 576. T h e latter w as organized in 1892 to b u y up an d c o n
s o lid a te all th o road s on th o K e n tu c k y side o f th e riv e r o p p o s ito C in cin n a ti.
L ease.— T h o U nion L t ., H t. A P o w e r C o . and th e C in e . N o w p . & C o v .
I ly . (b o th c o n tro lle d through s to c k ow n ersh ip b y th o C in e . N e w p . A C o v .
L t. A T r .) w ere leased fro m A p r . 1 1907 to C o lu m b ia G as A E le c tr ic C o .
(in c o r p o r a te d in O h io) fo r 45 years. T h e lessee gu aran tees in terest on
b on d s an d 444 % per ann um on preferred s to c k . On c o m m o n , d iv id e n d s are
t o b e 3 % for first y ea r, increasing 44 % each year until 6 % is r o a ch e d , w h ich
is to b o tlie rate thereafter. See V . 8 4 , p . 449 , 930; also term s in V . 8 4 , p .
1489, u n d er C o lu m b ia G as A E le c tr ic .
T h e con trolled C in cin n a ti C o v in g to n A E rlan ger S t. R y ., w h ich w as inc o r p . S ep t. 1899 w ith $25 0,00 0 s to c k (shares $ 5 0 ), t o bu ild an extension t o
E rlan ger, 7 % m iles (a b o u t 3 m iles c o m p le te d ) has also been leased to th o
C o lu m b ia G as A E lectric.
STOCK AN D BON DS—
D a te.
Interest. O utstanding.
M a tu rity .
C o m m o n , $5,0 0 0 ,0 0 0 ($ 1 0 0 )...............
Q -J
$ 5 ,0 0 0 ,0 0 0 Jan 15 T 4 ,144
P rof, 4 4 4 % non c u m , $5.-1
4 44 Q J
4 ,5 0 0 ,0 0 0 Jan 1 5 '1 4 ,144
000,000 ($100)........... J -■
U nderlying Bonds—
,
„
S o C o v A C ln con s M $ 5 0 0 ,0 0 0 / 1892 6 g J-J
150,000 Jan
11932
g old ($500. $ 1 ,0 0 0 ) ..............(C o v in g t o n S av B a n k A T r . C o . , T ru ste e .
N o w p A D a y St R y 1st M - - . - - 1887 6 F -A
100,000 A u g 1 1917
Cincinnati N ew port A Covington—
1 st con sol m tg e, g o ld , $ 3 ,- /
1892 5 g J-J
2 ,7 5 0 ,0 0 0 J u ly 1 1 9 2 2
000 ,000 ($ 1 ,0 0 0 )- - - C * A r . . i F a rm ers’ Loan A T r . C o . o f N . Y . , T ru ste e .
2d m ortg a g e, $ 1 ,0 0 0 ,0 0 0 , g / 1896 5 g J-J
6 00 ,000 J u ly 1 1 9 2 2
($ 1,000 e a c h ) - . . .......... - - . c l F a r m e r s ’ L o a n A T r u s t C o ., N . Y . , T ru ste e .
U nion Light, H ea l A Power C o .—
, , ( r 19 0 1
4 g M -N
$ 1 ,6 0 8 ,0 0 0 M a y 1 1918
1 st m tg e , $ 2 ,0 0 0 ,0 0 0 , g o ld ! In t. a t N a t . B a n k o f C o m m e r c e , N . Y .; First
($100, $500 A $ l,0 0 0 ).c A r |
N a tio n a l B a n k , C in c in n a ti, o r a t G erm an
I N a tio n a l B a n k , C o v in g t o n .
Bonds.— O f th o first consolidated bonds o f 1892 o f th o C . N . A C . R y .,
$2 5 0 ,0 0 0 are d ep o s ite d w ith th e trustee to retire a ll th e u n d e rly in g m o rtg a g e
b on d s. T h o p erpetu al ch arters o f c o n s titu e n t co m p a n ie s aro k e p t a liv e ,
an d their ca p ita l s to ck s are d e p o site d w ith tho trustee as co lla te ra l fo r th e
firs t c on sols. In terest on th oso b on d s is p a y a b le a t th e N a tio n a l B a n k o f
C o m m e r c e , N o w Y o r k , F irst N a tio n a l B a n k , C in c in n a ti, and G erm a n N a t .
B a n k , C o v in g t o n . T h e U nion L ig h t, H e a t A P o w e r C o . b o n d s ca n b o
c a lle d a t 110 an d interest. O f these, $ 3 9 2,00 0 aro a v a ila b le fo r im p ro v e
m en ts, a d d itio n s o r p urchase o f o th e r co m p a n ie s a t p ar fo r a ctu a l c o s t.
D I V I D E N D S .— On preferred 4 4 4 % Is be in g p a id . O n c o m m o n s to c k
first d iv id e n d o f H % was paid J u ly 15 1907 a n d % % O c t . 15 1907. In
1908, 314 % ; in 1909, 3 5 4 % ; in 1910, 4 5 4 % ; in 1911 4 5 4 % ; in 1912. 5 5 4 % .
In 1913, J a n ., 1 5 4 % ; A p r ., 1 5 4 % ; J u ly , 1 4 4 % ; O c t ., 1 4 4 % .
i n 1914,
J a n ., 13^ % .
R O A D .— C on n ects C in c in n a ti, N e w p o r t, C o v in g t o n , D a y t o n , B e lle v u e
L u d lo w , B rom ley and F o rt T h o m a s . T o t a l in o p e r a tio n , 60 m iles; laid
w ith 8 0 -lb . J oh n ston girder and 7 2 -lb . “ T ” rails.
O F F I C E R S .— P res., Jam es C . E rnst; V .- P ., Jam es M . H u tto n - S e c.,
an d T r e a s ., G o o rg o M . A b b o t t .— V . 8 3 , p . 1228; V . 8 4 . p . 41 9 , 930 , 1366,
1488; V . 8 8 , p . 824; V . 92, p . 1313; V . 94, p . 350 .
i u . j o j . i o v >.
D A LLA S , T E X A S .
43
D ivid en d s.— O n present 2d p re f. (fo r m e r ly “ p r e f .” ) , in 1905, 254 % ', in
1906, 5 % ; in 1907, A p ril, 2 5 4 % ; n o n e to O c t . 1909, w h e n 2 % w as paid;
1910, A p r il, n o n e ; O c t ., 1 % .
In 1911 an d 1912, 5 % .
In 1913, A p r il.
2 5 4 % ; O c t ., 2 5 4 % .
E A R N I N G S .— F o r 12 m o s . e n d in g D e c . 31 1913, g ro ss, $ 2 ,1 9 3 ,5 0 0 ; n e t,
a fte r ta xes, $ 9 1 3 ,4 4 3 ; in te re st, $ 26 7,69 6; sin k in g fu n d , $ 3 5 ,2 7 5 ; d iv id e n d s ,
$ 2 2 0 ,0 0 0 ; su rp lu s, $ 3 9 0 ,4 7 2 .
R O A D .— O w ns an d op e ra te s 64 .6 m iles o f tra ck in th e c it y o f D a lla s and
su b u r b s . 204 ca rs . S ta n d a rd gauge.
O F F I C E R S .— P r e s ., M a rsh a ll M . P h in n e y ; V . - P s ., R o b e r t T . P a in e 2 d ,
R o b e r t I la y d o c k a n d B . A .P r a tt; T reasu rer, H en ry B . S a w y e r; S e cre ta ry ,
C h e ste r M . C la r k . G e n . M g r s ., S ton e & W e b s te r M g t . A s s n .— V . 8 9 , p .
4 1 , 2 2 4 , 7 7 8 : V . 9 1 , p . 945 ; V . 93, p . 871; V . 9 4 , p . 4 1 6 , 91 0 ; V . 9 5 , p . l l 3 .
1472, 1541; V . 9 6 , p . 1772.
TEXAS TRACTION CO.— A trolley road.
O R G A N I Z A T I O N .— In c o r p o r a te d in T e x a s o n S e p t. 25 1906. Fran ch ises
exp ire in 1956 o n streets an d h igh w a ys; rest o f r o a d b u ilt on p riv a te rig h t
o f w ay.
O n A p ril 16 1911 th e T e x a s T r a c tio n C o . a cq u ire d all th e p ro p e rties o f th e
D e n is o n & S herm an R y . C o . , co n sistin g o f an in te ru rb a n ra ilw a y betw een
S herm an an d D e n is o n a n d c it y lines in b o th th o s e citie s .
V . 9 2 . p . 463 .
STOCK AN D BON DS—
D a te.
In terest.
O utstanding. M a tu r ity .
C o m m o n , S2,000,000 ($1 0 0 ).......... -.....
$ 2 ,0 0 0 ,0 0 0 _________
P f , $ 1 ,0 0 0 ,0 0 0 ,6 % cu m ( $ 1 0 0 ) ........
...............
1 ,0 0 0 ,0 0 0 N o v ’ l l .1 54
F irs t m o r tg a g o sin k in g f u n d ,] 1907 5 g J -J
2 ,0 0 0 ,0 0 0 Jan 1
1937
$ 3 ,0 0 0 ,0 0 0 ($ 1 ,0 0 0 ) g .c * & r l in t , at O ld C o lo n y T r u s t C o ., B o s t o n , T ru s .
2d m tg e , $50 0 ,0 0 0 ( $ 1 , 0 0 0 ) .- - 1911 8 A -O
4 0 0 ,0 0 0 A p r 1 1916
D e n & Sher first m o r tg a g e , I 1902 5 J-J
260 ,0 0 0 J u ly 1 1927
$ 3 5 0 ,0 0 0 ($ 1 ,0 0 0 )_______c * ( l n t . at H arris T r u s t & S a v . B k ., C h ic ., T ru s .
D e n & Sher s e co n d m o r tg a g e ] 1911
6 A -O
185,000 A p ril 1 1916
$18 5 ,0 0 0 ($ 1 ,0 0 0 )_________ ( I n t . at W e ste rn T r . & S a v . B k ., C h ic ., T r u s .
Bonds.— O f th e $ 3 ,0 0 0 ,0 0 0 T e x a s T r a c . 1st M . , $ 1 ,0 0 0 ,0 0 0 is re served for
fu tu re Im p ts. an d extensions. B o n d s ca n b e ca lle d a t 110 and a ccru e d Int.
o n a n y in t. d a te u p o n 30 d a y s ’ n o tice . A sin kin g fu n d o f 5 % o f gross earn
ings began J u ly 1 1912, t o be used in th o p u rch a se o f b o n d s . T e x a s T r a c .
2 d M . b o n d s can b e ca lle d on a n y in t. d a te a t p ar a n d in t.
D e n . & Sher.
1st M . b o n d s are s u b je c t t o call on J u ly 1 1917, or a fte r, at 105 an d in t. A
sinking fu n d began J u ly 1 1905 o f 2 % per a n n u m o f b o n d s o u t u n til 1913,
w hen a m o u n t p a y a b le is 3 % p er ann um u n til 1917; fr o m 1918 t o 1922. in c l.,
4 % p er an n u m ; 1923 t o 1925, in c l., 5 % p er a n n u m . $ 50 ,000 are h eld in s. f .
D ividends.— In itial d iv . on p r e f.— 1 5 4 % — p a id M a r . 15 1911; J u ly ,
1 5 4 % ; N o v ., 1 5 4 % ; n o n e sin ce.
E A R N I N G S .— F o r y ear e n d in g D e c . 31 1912, gro ss, $ 6 0 8 ,6 4 9 ; n e t ,
$ 23 4,95 4; in t ., taxes, & c ., $178,692; su rplu s, $ 5 6 ,2 6 2 .
In 1911, gross,
$ 4 9 7 ,2S3; n e t, $ 18 6,96 2; in t ., ta xes, & c ., 8 15 9,13 8; su rp lu s, $ 2 7 ,8 2 4 .
R O A D .— O perates an interu rb an line b etw eon D allas a n d D e n is o n , 1 6
m iles; also 8 m iles o f c it y lines in D en iso n , Sh erm an .an d M c K in n e y . E n ters
D allas o v e r tracks o f D allas C o n s o lid a te d S treet R y . S tan d ard g a u g e.
70 a n d 8 0 -lb . T rails. 45 ca rs.
O F F I C E R S .— P re s ., J . F . Strick lan d; V .- P s ., O sce G o o d w in ,> J . S.
H e a rd , W . R . B rents; T r e a s ., H . I . G ah agan ; S e c ., Jas- P - G rirtin, G e n .
M g r s ., J . F . Strick lan d C o .— V . 8 4 , p . 627; V . 8 7 , p . 98; V . 8 8 , p . 821.
V . 9 2 , p . 4 6 3 , 1567: V . 9 3 , p . 1192, 1535.
SOUTHERN TRACTION CO.— A trolley road.
O R G A N I Z A T I O N .— I n c o r p . o n M a r . 27 1912 in T e x a s . A n ew line
fr o m D allas t o W a c o (a b o u t 100 m iles) w as p u t in to regular o p e r a tio n on
O c t . 18 1913 (V . 9 7 , p . 1 2 0 5 ,1 1 1 6 ). T h e b ra n ch fro m D a lla s t o C o rsica n a
(34 m iles) is t o b e in op e ra tio n s o o n .
,
, ,
. , .
H as taken o v e r th o W a c o Street R y . C o ., w h ic h c o m p a n y h ad acq u ired in
1911 th o C itize n s' R y . C o . O w ns and op e ra te s en tire street ra ilw a y bu si
ness in W a c o . A ls o ow ns real estate in h eart o f business d is trict o f W a c o .
In O c t . 1912 a cq u ire d , fre e o f all liens, & c ., th e D a lla s Sou th ern I Faction
C o ., 31 m iles, b etw een D allas an d W a x a h a ch io , p la ce d in o p e ra tio n O ct. 3
1912. V . 9 5 , p . 968. T h e Sou th ern T r a c tio n C o . th e n increased th e a u tn .
a m o u n t o f its first m tg e . fro m $ 7 ,5 0 0 ,0 0 0 t o $ 1 0 ,0 0 0 ,0 0 0 .
O n F o b . 1 1913 a cq u ire d p h y sica l p rop erties o f C o rs ica n a T ransit C o . , a
344 -m iIo street r a ilw a y .
.
...
„„
In M a y 1912 en tered in to a 50-year c o n tr a c t w ith th e r e x a s l o w _ tr A
L ig h t C o ., u n d er w hich th e latter c o m p a n y w ill s u p p ly all th e p o w er lo r
th e Sou th ern Tra.ctIon C o . ’s lines. V . 9 4 , p . 1567.
_n .
f
In N o v . 1911 su b scrip tio n s w ere ro ce ive d at $85 p cr $ 10() share ror i ^/„
p r e f. s to c k ; p a y m e n ts t o b e m a d e 1 0 % o n d e m a n d , 30 d a y s a fte r con stru e
tio n has co m m e n ce d , rem ain d er in 10 % installm ents as ca lled at least 30
d a y s a p a rt.
V . 93, p . 1164.
O utstanding. M a tu rity .
STOCK A N D BO N D S—
D a te.
Interest.
$ 5 , 000,000 ......................
C o m m o n , $ 5 ,0 0 0 ,0 0 0 ($ 1 0 0 ).......................................
2 ,000,000 --------------- -
P f , $ 2 ,5 0 0 .0 0 0 ($ 1 0 0 ) (S ee te x t) ---------------6 ,0 0_ 0 ,0 0- 0 Ju n e 1 1942
F irst m tg o , $ 1 0 ,0 0 0 ,0 0 0 , g o l d / 1912
5 g J -D
( $ 1 ,0 0 0 )__________________ c * ( I n t . at S t. L o u is U n ion Tr. C o ., S t. L ., l r u s .
S eco n d m o rtg a g e , $ 5 0 0 ,0 0 0 —
1912
------------500 ,0 0 0 Ju n e 1 1942
Stock.— P re f. s to c k is 7 % c u m . fro m o n e ye a r a fte r ro a d is in o p e ra tio n .
Bonds.— R em a in in g $ 4 ,0 0 0 ,0 0 0 1st M . b o n d s are fo r exten s. an d im p ts
u nd er certa in re strictio n s. B o th 1st and 2d M t g s . s u b je c t t o call at 102) a
an d in t. o n a n y in t . d a te o n or a fter Jun e 1 1915 an d also fo r sin k in g fu n d on
or a fte r O c t . 1 1918 a t sam e p rice . B o n d s t o b e held a liv e in sin k in g fu n d .
Sinking fu n d o f 1 % p er ann um o f b o n d s o u t begin s in 1918. \ • 9o» p . 421 .
In te re st is p a y a b le at o ffic e o f trustee o r in N e w Y o r k .
R O A D .— O w ns an d op e ra te s 17 m iles o f track in W a c o , 3 .'a m iles in
C o rsica n a an d 100 m iles betw een D allas a n d AYaco. H as jilaced an o rd er
fo r 32 passenger, 8 express and 2 w ork cars.
O F F I C E R S .— P r e s ., J . F . Strick lan d; V . - P . . O sce G o o d w in ; T r e a s .,
I I . I . G ah agan ; S e c ., Jas. P . G rill in .— V . 9 4 , p . 1 1 8 i , 1561 . V . Jo, p . 4 - 1 .
96 8 , 1274; V . 9 6 , p . 286; V . 97, p . 1116, 1205.
D A N B U R Y , CONN.
DANBURY & BETHEL STREET RY.
“ O R G A N I Z A T I O N .— I n c o r p . M a y 7 1886 u nd er the law s o f C o n n e c tic u t.
H as a perpetu al special ch a rte r, th o o n ly street car c o m p a n y servin g the
c it y o f D a n b u r y a n d to w n o f B e th e l. Its lines also ex te n d t o th e D a n b u r y
F a ir G ro u n d s a n d th e pleasure resort o f L a k e K e n o sia . In M a y 1903 the
S ta to L egislatu re a u th o rize d an increase o f $30 0 ,0 0 0 o f c a p ita l s to c k to
p r o v id o fo r extensions.
Interest. Outstanding. L a s tD ic .,('ic .
STOCK AN D BO N DS—
D a te.
J-J
$ 3 2 0,00 0 Jan ’ 12, 2 %
S to c k , $62 3,00 0 (par $ 2 5 ) - ..................
5 g M -N
200 ,0 0 0 M a y 1 1914
F irst m tg e , $20 0 ,0 0 0 , g o l d - - . 1894
5
-N
100,000
M a y 1 1936
C o n s o l m tg e , $ 3 0 0 ,0 0 0 , g o l d / 1906
_ „g M
-----.
($500 a n d $ 1 ,0 0 0 )-------------- ( I n t . a t A m erica n 1 rust G o ., B o s t o n , 1 rustee.
D o b e n tu ro b o n d s , $ 7 5 ,0 0 0 / 1908
6 M -S
7 5 ,000 M a r 1 1918
($ 1 ,0 0 0 an d $ 5 0 0 )------------ c \ I n t . a t C it y N a tio n a l B a n k o f D a n b u r y .
D e b e n tu re b o n d s, $ 1 5 0 ,0 0 0 -- 1911
.............
„
7 5 .000 Jan 1 1921
Bonds .— O f th e $ 3 0 0,00 0 co n s o l, m tg e ., $ 2 0 0,00 0 is reserved to retire th e
5s d u o 1914. T h e 1908 d e b s , are red. a t 105 o n a n y in t. d a t e a fte r d u e n o
tice . O f th e 1911 d e b s ., $75 ,0 0 0 aro reserved fo r lik e a m o u n t o f d eb s, o f
D A L L A S E L E C T R I C C O M P A N Y .— T r o lle y .
T h e D allas E lectric C o . w as m c o r p . in M a in e on M a v 3 1913 w ith
$ 7 ,0 0 0 ,0 0 0 a u th . c a p . s to c k , as a r e -in co rp o ra tio n ot D allas E le ctric C o r p o p o r a tio n .
V . 9 6 , p . 1422.
O R G A N I Z A T I O N .— In co rp . in N e w Jersey in 1902.
D o e s an ele ctric
ra ilw a y an d electric ligh ting an d pow er business in D allas b y v ir tu e o f tho
ow n ersh ip o f securities o f certain loca l c o m p a n ie s. F ranchises o f su bsid iary
c om p a n ies explro in 1922. Seo V . 84, p . 157. S h areh olders in J u ly 1909
au th oriz ed an issue o f $ 2 ,0 0 0 ,0 0 0 first p re f. s to c k an d it w as so ld in 'b lo c k s
o f 10 shares o f first prof, and 4 shares o f c o m . fo r $925. V . 8 9 , p . 224 . F o r
d ecision on o c c u p a tio n tax on D allas street ra ilw a ys, seo V . 8 9 , p . 41.
O n N o v . 23 1912 J u d ge F orce in th o 14th D is t. C o u rt g ra n te d a te m p o ra ry
in ju n c tio n to th o D allas C o n s o l. E le c . S t. R y ., e n jo in in g th o e n fo rce m e n t
o f th o ord in a n ce as passed a t th e special referen d u m e le ctio n o n A p ril 2
1912, an d w h ich p ro v id e s fo r th e sale o f 7 tick ets fo r 25 ce n ts an d fo r o n ly 19Iiivid en d s.— In 1 8 9 6 -9 7 ,4 % ; in 1 8 9 7 -9 8 ,4 % ; in 1 8 9 8 -9 9 ,2 % : in 1 8 9 9
3 -c e n t faros w here passengers h a ve t o s ta n d .
V. 95, p . 1541, 1472, 113. 1900, 1 4 4 % ; in 1900-01, 1 4 4 % ; in 1901-02, 3 % ; in 1902-03, 3 % ; in
O n Ju n o 14 1913 th o C iv il C o u rt o f A p p e a ls o f th o F ifth D is tr ic t a ffirm e d
1903-04, 1 4 4 % ; 1907 t o 1911, in c l., 4 % a u n .; in 1912, J a n ., 2 % ; n on e
th o d ecision o f J u d g e F o re e (see a b o v e ). V . 96, p . 1772.
sin ce t o J a n . 1914.
_
_
,
. _
.
Interest.
STOCK AN D BON DS—
D ate.
R O A D .— T r o lle y ro a d in D a n b u r y , an d fr o m D a n b u r y t o B e th e l, and to
O utstanding. M a tu iity .
C o m m o n , $ 3 ,0 0 0 ,0 0 0 ($ 1 0 0 )...............
L a k e K e n o s ia , 15.031 m iles in all; sidin gs, & c ., 1.044 m iles; to t a l, 16.0<5
$ 2 ,8 7 0 ,0 0 0
First p ref, $ 2 ,0 0 0 ,0 0 0 , 6 % cu m
m iles. 42 passenger and 7 o th er cars. S tan d ard ga u g e.
A -O
($ 100) ........................... ........................
R E P O R T .— F o r year en din g Jun e 30:
_
_ ,
2 .0 0 0 . 000 O ct ’ 13, 3 %
G ross.
N e t.
I n t .& T a ie s .
D ie s .
B a l., su r.
2d p f $ 2 ,0 0 0 ,0 0 0 5 % n c ( $ 1 0 0 ) ____
A -O
2 .0 0 0 . 000 O c t ’ 13, 254
D ill ns Electric C orporation—
1 9 1 2 -1 3 ................. $ 1 3 9,53 3
$35 ,594
$ 3 1 ,9 1 0
-----$3,6 8 4
40,0 2 9
31,8 1 4
6 .4 0 0
1,815
F irst c o ll trust m tg o , $ 4 ,0 0 0 ,-/ 1902
5 g A -O
3 ,4 9 2 ,0 0 0 A p ril 1 1922
1911-12 .................. 138,023
O F F I C E R S .— P res. & G e n . M a n ., Joh n San ders; S e c. St T r e a s ., S . \\ . C .
0 0 0 ,g o l (l ( $ 1 0 0 ,$ l ,0 0 0 )c * t f li n t , at O ld C o lo n y T r . C o ., B o s to n , T ru ste e .
N o to s , $ 3 ,5 0 0 ,0 0 0 , g old ($ 5 0 0 / 1912
5 F -A
1,000,000 F e b 1 1917 Jo n e s.— V . 8 6 , p . 1 1 5 9 . ________ ________________
an d $ 1 ,0 0 0 )---------------- c* t f (I n t . a t A m erica n T r u s t C o . , B o s to n , T ru ste e .
Stock and Bonds.— T h e first p ro f, is red eem able on an d a fte r O c t . 1 1912
D A Y T O N , O H IO .
a t 105 and a ccu m u ated d iv id e n d s . $13 0,00 0 c o m m o n s to c k is in the
C I T Y R A I L W A Y C O .— A tro lle y r o a d .
trea su ry . $ 5 0 ,0 0 0 b on d s aro in th o tre a su ry, n o t in clu d e d in a m o u n t
r e p orted as ou tsta n d in g . Sinking fu n d , 1 % per an n u m o f b o n d s o u t.
O R G A N I Z A T I O N .— C h artered M a y 12 1893. Is a c o n s o lid a tio n o f th e
$4 1 1 ,0 0 0 w ere h eld in th o sin kin g fu n d in Ju n e 1913. B o n d s can be D a y t o n S tre e t R R . , th e D a y to n & S oldiers’ H o m e R I G , th e f ifth Street
ca lled as a w h olo on a n y in t. d a te a t 105 an d in t. $ 2 5 ,0 0 0 o f th o b o n d s aro H U . an d th e G reen lin e. F ranchises run fo r 50 years fro m F e b . 8 1 8 J - a n a
in d en oin . o f $100, rest being $ 1 ,0 0 0 ea ch . N o te s o f 1912 aro ca lla b le as A p ril 19 1893.
,
a w h ole a t 100 an d in t. on a n y in t. d a y on 30 d a y s ’ n o tico .
N o furth er
In A p ril 1911 paid a special d iv id e n d o f $9.0 9 1-11 t’ r’r sbare o n c o m .
m o r tg a g o can bo placed on p ro p e rty w ith o u t e q u a lly secu rin g th o notes s t o c k , a p p lic a b le at o p tio n o f holder to p urchase o f a d d itio n a l c o m . stock
w ith th o oth er o b lig a tio n s to be secu red th o r o b y .
V . 94, p . 416.
V . 92. p . 1178.
[Vol .
ELECTRIC RAILWAYS
44
STO CK A N D BO N DS—
D a te.
In terest.
Outstanding.
M a tu rity .
Q -M
8 2 ,4 0 0 ,0 0 0 D e c . T 3 ,2 %
C o m m o n , $ 2 ,4 0 0 ,0 0 0 ( $ 1 0 0 ) . . ____
P referred , $ 6 0 0,00 0 ( $ 1 0 0 ) - - . ____
6 Q -M
600 ,0 0 0 D e c . ’ 13,1 X
A
B o n d issues h a v e been p aid o ff.
D ivid en d s.— 6 % p e r an n u m is be in g p a id on p ro f.
O n c o m m o n , in 1900
t o 1903, in c l., 6 % ; also 16 2 -3 % ($ 2 6 0 ,0 0 0 in n ew s to c k at par o r in c a s h ),
d e c la r e d N o v . 1903, p a id Jan . 1 1904; in 1904, 6 % ; in 1905, 6 1 4 % ; 1906 to
1910, in c l., 7 % p e r a n n u m ; in F e b . 1907 p a id a sp e cia l d iv id e n d o f 5 %
( V . 8 3 , p . 1590); in 1911, J a n ., 1 M % ; A p ril, 13
A % a n d sp ecial d iv . o f
$ 9 .0 9 1-11 (s e e a b o v e ) ; J u ly , 1 M % ; O c t . , l M % ; in 1912, J a n ., 1 3
A % . In
M a r . 1912 b egan p a y in g d iv s . Q .- M . in stead o f Q .-J . a n d o n M a r . 31 p a id
13
A % ; Ju n e, 2 % ; Sopfc., 2 % ; D e c ., 2 % . In 1913, 8 % .
E A R N I N G S .— F o r ca len d a r y e a r 1912, gro ss, $ 6 5 9 ,8 4 4 ; in 1911, gross,
$ 6 5 2 ,1 2 5 : in 1910, gross, $ 6 3 3 ,5 6 5 ; in 1909, g ro ss, $ 57 5,82 2.
R O A D .— C o n tr o ls a n d op e ra te s in ail 3 6 .8 5 m iles o f tr a c k , n a m e ly : T h ir d
S treet L in e, F ifth S treet L in e , G reen L in o , K a m m e r A v e . L in o a n d D a y t o n
& S old ie r ’s H o m e L in e . G a u g e 4 f t. 8 K in .; rails 70 a n d 8 0 -lb . T and
70 a n d 9 0 -lb . girder; o p e ra tin g 42 G . E . 67 a n d 50 G . E . 800 m o t o r eq u ip
m en ts; 100 m o to r ca rs, 10 trailer cars a n d 3 sprin klers.
O F F I C E R S .— P ros., E . D . G rim es; 1st V .- P ., C . 13. C le g g ; 2d V .- P .
E . J . B a rn o y ; 3 d V . - P . , G . G . S haw ; S e c ., M . H a ll; G e n . S u p t. & P u rch .
A g t ., T . E . H o w e ll.
O ffic e , W e s te rn an d A u b u r n A v e s ., D a y t o n .— V . 83,
p . 1590: V . 92, p . 1178, 1564.
_______
DAYTON COV1NQTON & PIQUA TRACTION.— A tro lle y r o a d .
O R G A N I Z A T I O N .— T h is w as fo rm e r ly k n o w n as the D a y t o n & T r o y
T r a c t io n , b u t n am e c h a n g e d t o th e a b o v o in A u g . 1901. T h e D . & T .
T r a c t io n w as in c o rp o ra te d in O h io in Ja n . 1900 to b u ild a street ra ilw a y
fr o m D a y t o n to T r o y , b u t r o u to w as c h a n g e d , an d ro a d c o n s tr u c te d fro m
D a y t o n t o C o v in g to n an d P iq u a , a b o u t 38 m iles. C o m p a n y a cq u ire d th e
rig h t t o use th e tra ck s o f th e P e o p le ’s R y . in en terin g c it y o f D a y t o n .
O n Jan . 11 1913 th e P . S. C o m m , g ra n te d perm ission to issue $ 4 0 ,0 0 0
1st M . 5 % b on d s.
STOCK AN D BO N DS—
D ate.
Interest.
Outstanding.
M a tu rity .
S to c k a u th , $ 6 0 0,00 0 ( $ 1 0 0 ) - ........................... .........
$ 6 0 0 ,0 0 0 .......................
P ref, 5 % n -c , $ 5 5 0,00 0 ( $ 1 0 0 ) ____
________
550 ,0 0 0 ............. .........
F irst m o rtg a g e, $ 5 5 0 ,0 0 0 , g f 1902
5 g A -O
4 9 0 ,0 0 0 A p ril 1 1922
($ 1 ,0 0 0 )____________ c * . n t f li n t , a t O ld C o lo n y T r . C o . , B o s to n , T r u s te e .
S econ d m o rtg a g e , $ 6 0 ,0 0 0 .n t f ------6 g M -S
6 0 ,0 0 0 S e p t 1 1919
Bonds.— $10 0 ,0 0 0 1st m tg o . b o n d s are reserved fo r extensions an d im
p rov em en ts; 2 d m tg o . b en d s aro s u b je c t t o call o n a n y in t. d a to a t 105.
E A R N I N G S .— F o r y e a r e n d in g Ju n o 30 1913, gro ss, $14 6 ,9 1 2 ; n o t,
$ 5 7 ,1 5 8 ; in terest a n d taxes, $38 ,3 3 6 ; su rplu s, $18 ,8 2 2 .
R O A D .— T o t a l track 38 m iles. S tan d ard g a u g e . 7 0 -lb . T , 80 an d 90lb . gird er rails.
10 passonger ca rs, 2 express cars a n d 5 o th e r cars.
O F F I C E R S .— P r e s ., D . D w y e r ; V .- P . & G e n . M g r ., T h o s . T . R o b in s o n ;
S u p t., T . J . B ren n a n .— V . 77, p . 146.
DAYTON & TROY ELECTRIC RY.— A tro lle y r o a d .
O R G A N I Z A T I O N .— In c o r p o r a te d in 1900. Is b u ilt en tire ly o n p riva te
rig h t o f w a y . C o m p le te d in D e c. 1901.
R a ils, 7 0 -lb . T. P o w o r h ouse
lo ca te d a t T ip p e c a n o e C it y . O h io . S to c k , $50 0 ,0 0 0 ($100) c o m . a u th . and
issu ed an d $80 0 ,0 0 0 ($100) 5 % c u m . p ro f, a u th .; $ 6 4 4,70 0 issued. O h io
P u b lic S ervice C o m m is s ion has g ran ted perm ission t o issuo $3 0 0 ,0 0 0 5 %
c u m . p ref. s t o c k t o p a y ou ts ta n d in g bills fo r im p ro v e m e n ts a lre a d y m a d e .
V . 95, i>. 1744.
N o b on d s co n te m p la te d .
In M a y 1902 to o k o v o r M ia m i
V a lley R y . u n d er 9 9 -y ea r lease a t a ren tal o f $9,6 0 0 per a n n u m , w h ic h is
a p p lic a b le t o s to c k o f $ 3 0 0 ,0 0 0 , m o rtg a g e h a v in g been can celod .
t*>D ividends.— O n th e p ref. s t o c k 5 % per ann um is be in g p a id . O n c o m .,
Ja n . 1 1904, 2 % ; in 1905, 6 % ; in 1906. 6 % : in 1907, 2 % ; in 1908, n o n e ; in
1909, 5 % ; in 1910, 6 % ; in 1911, 5 % ; in 1912, M a r ., 1 M % ; n o n o sin ce.
E A R N I N G S .— For caton dar yo a r 1912, g ro s s , $ 2 8 6 ,9 3 5 : n o t , $ 8 2 ,1 8 1
d e d u ctio n s , $ 30 ,146 ; d iv id e n d s , $36 ,5 0 0 ; su rp lu s, $ 1 5 ,5 3 5 .
R O A D .— O w ns an d op era te s 36.41 m iles o f tra ck (1 2 .7 4 m . d o u b le , X 0 A
m iles sin gle, 1 m ile sidin gs) b otw oen D a y t o n an d T r o y .
Leases th e M ia m i
V a lle y R y ., e xten d in g fro m T r o y t o P iq u a a n d co m p r is in g 12.91 m iles o f
tr a c k . T o t a l tra ck , 49 .3 2 m iles.
O F F I C E R S .— P res., H . P . C le g g ; V .- P . , C h a s . B . C le g g ; S e c ., L . C .
C le g g ; T roa s . & G en . M g r ., It. A . C ru m e; A u d ., F . Sprag u e. G eneral
o ffic e , T ip p e c a n o e C it y , O h io .— ’V . 94, p . 123; V . 9 5 , p . 1744.
DAYTON SPRINGFIELD
& XENIA SOUTHERN RY.— T r o llo y .
O R G A N I Z A T I O N .— In c o r p o r a te d in 1909 as su cce sso r t o tho D a y t o n &
X e n ia T r a n sit C o . , so ld a t fo re clo su re . S to c k , a u th . an d o u tsta n d in g ,
$ 2 0 0 ,0 0 0 c o m . a n d $ 3 0 0,00 0 p r o f. P a r $10 0.
1st M . au th . an d issued,
$ 5 0 0 ,0 0 0 . E a rn in g s fo r year on d in g Ju n o 30 1911, gro ss, $14 9,38 3; n e t,
$37 ,8 7 7 ; interest a n d taxes, $ 33 ,334 ; su rplu s, $ 4 ,5 4 3 .
R O A D . — O w ns an d op era te s 40 .4 7 m ilos o f tra ck fro m D a y to n t o X e n ia
a n d fro m D a y t o n t o Spring V a lley.
P r e s ., C . J. F e rn o d in g ; V .- P ., T . A .
F ern od in g; S ec. & T r o a s ., I I . L . F o rn e d in g , all o f D a y t o n .— V . 8 9 , p . 285.
OAKWOOD STREET RAILWAY CO.— A tro llo y r o a d .
O R G A N I Z A T I O N .—-In co r p o r a te d J u ly 22 1870 in O h io . F ran ch ise ex
plres 1941. In O ct. 1909 tho O h io S u p rem o C o u rt h eld th e fra n ch ise valid
o v e r th o o b je c tio n s o f th o C it y S o licito r . S to c k a u th . an d o u tsta n d in g ,
$ 5 0 0,00 0 (p ar $ 1 0 0 ). N o b o n d s. O perates 8 m iles o f track in D a y to n an d
s u b u rb s. S tan d ard ga u g e. Pres. & T r o a s ., C h arlos B . C le g g , D a y to n ;
G e n . M g r ., H en ry G e b h a r t, D a y t o n .
D E L A W A R E , O H IO .
COLUMBUS MAGNETIC SPRINGS & NORTHERN RY.
O R G A N I Z A T I O N .— In c o r p o r a te d in O h io o n O c t . 15 1906, an d is a
co n s o lid a tio n o f th e D ela w a re & M a g n e tic Springs R y . a n d th e R Ich w ood
& M a g n e tic Springs R y .
P r lv a to rig h t o f w a y e x ce p t in C it y o f R ic h w o o d .
R o a d o u t o f business fro m M a r c h flo o d t o J u ly 19 1913.
S T O C K A N D B O N D S — • D a te.
Interest. O utstanding.
M a tu r ity .
C o m m o n , t'20 0,000 ($ 1 0 0 )----------------------------$13 0,00 0 ____________
P r e f, 6 % n -c . $ 2 0 0 .0 0 0 -- .............- ............................
100,000 ....................
C M S & N 1st M , $ 4 0 0 ,0 0 0 . g f 1906
5 g M -N
250 ,000 N o v 1 1931
($ 1 ,0 0 0 ), ca n n o t b o c a lle d ,{In te r e s t a t C o lo n ia l T ru s t C o ., P ittsb u rg h ,
an d n o sin kin g f u n d - . c * t f ( T ru ste e .
E A R N I N G S .— -For y oa r on din g Ju n e 30 1913, gross, $20 ,597 ; o p o r . e x p .,
$ 20 ,833 ; d e f., $237; taxes. $ 1,635; to ta l d e f.. $ 1 ,8 7 2 .
R O A D .— O perates 18 m iles o f tra ck fro m D e la w a re t o M a g n o tic Springs
an d R ic h w o o d .
O F F I C E R S .— P r o s ., W . M . G a lb ra ith , P itts .: V .- P . and T r o a s ., C .
M a g e o J r ., P it t s .; S e c ., C h a s . J . F ife r, R ic h w o o d , O .— V . 8 3 , p . 1228, 1469.
D E N V E R , COL.
THE DENVER & NORTHWESTERN R Y.— An electric road.
Control.— In Mar 1913 a syndicate headed by Boettcher, Porter Sc Co. o f
Denver acquired a controlling interest through purchase o f tho stock, about
$1,600,000, held by Marsden J. Perry of Providence, this purchase making
its total holdings about a 75% interest. Soe V. 96, p. 863.
ORGANIZATION.— Incorporated In Colorado in Juno 1901. Current
Is furnished by Denver Tramway Power Co. Franchise in Denver runs for
50 years; in Golden for 99 years; upon and across county roads is perpetual.
Remainer (comprising main mileage) Is over private right of way.
feg In May 1902 purchased stock of Denver City Tramway Co. Seo V. 74,
p. 1038. This stock has been deposited as collateral under tho now mtge.
In June 1913 holders of tho 1st & coll. mtge. 5s were offered tho privilego
of exchanging their bonds for 1st & ref. bonds of tho Denver City Tramway
C o., and in addition $50 in non-interest-bearing scrip exchangeable in
amounts of $500 for 1st & ref. bonds. V. 97, p. 298, 236. Tho time for
making deposits for exchange was subsequently extended to Sept. 25 1913.
If all the bonds should bo exchanged, tho company would bo liquidated and
the stock be exchangablo for shares in the Tramway Co. V. 96, p. 1628.
STOCK AND BONDS—• Date.
Interest. Outstanding.
Maturity.
Q-J 10
$6,000,000 Jan T4, 1%
Stock $6,000,000 ($100).............. ..
First and collateral mortgage, f 1902
5 g M-N
6,000,000 May 1 1937
gold, $6,000,000 ($500 and Interest at Bankers Trust Co., Now York
$1,000)__________ _____ c* { Trustee; also office of company in Denver.
Bonds.—Can be called on any interest day at 105 and interest upon 90
days' notice. On Aug. I 1907 whole issue was called for payment Nov. 1
1907, but the panic intervening, the notice was rescinded.
X C V II I.
E A R N IN G S .— Of com bined system for years onding Doc. 31:
Gross.
N et.
1912..................... -$3,422,372
1911...................... 3,421,854
1 9 1 0 --................. 3,595,158
$1,708,472
1,687,153
1,735,907
1 9 0 9 ______________ 3 ,3 7 4 ,1 3 3
1,6 9 5 ,2 9 9
Sink. F u nd
Pow . lids.
$50,000
50,000
50,000
5 0 ,0 0 0
*Fixed
Charges.
S u rplus.
$1,127,040 $531,431
1,094 943 542 210
1,015,834 670,073
9 4 1 ,9 4 0
703 i35 9
N o te . — On Dec. 14 1910 a destructive fire destroyed the main shaft and
workings of the Leyden mines, which were then producing 1,000 tons per
day. This resulted in a loss of all tho freight business and much passonger
business during all the year of 1911. Now fireproof shafts were placed in
operation, with largely increased capacity, on April 22 1912.
* Fixed charges include taxes and franchise payments.
D ividends. — Prior to July 1909 dividends were at rate of 6% per annum.
In July 1909 quar. div. was increased to 2 % and same amount paid quar
terly to July 1913. In Oct. 1913 rato was reduced and 1% was paid
(V . 97, p. 1115). In 1914, Jan., 1% .
R O A D .— Operates 27.19 miles of track through former town of Berke
ley (now part of C ity of Denver), northwesterly through Arvada to coal
mining town of Leydon, including branch from Arvada to Golden. Gauge,
3 ft. 6 in. 75 and 80-lb. T rail. 103 cars, of which 5 aro motor freight,
92 gondola, flat and dump freight cars, remainder miscellaneous.
O F F IC E R S .— Pres., S. M . Perry; 1st V .-P ., W . G . Evans; 2d V .-P . and
Gen. Supt., John A . Beeler; Sec. and Treas., F . G . Moffat; And., W . A .
Doty.— V. 94, p.413, 1383, 1763; V . 96, p.863, 1628; V . 97, p. 236,298.
594, 1115.
(1) D e n v e r C i t y T r a m w a y C o . — Electric.
In M ay 1902 Denver & Northwest R y. obtained control, exchanging Its
securities for Denver City Tramway stock. See V. 74, p. 1038.
O R G A N IZ A T IO N .— Chartered In Colorado in Jan. 1899 for 50 years.
Comprises tho entire street railway system of Denver. Is owner by
purcliaso and consolidation, of following companies, formerly operating
in and about Denver: Tho Denver Electric & Cable R y., tho Denver Tram
way Co., tho South Denver Cable R y., tho Denver Tramway Extension
Co., tho Denver Consolidated Tram w ay Co., tho Metropolitan R y., tho
Denver C ity Cable R y., the West End Street R R ., tho Denver C ity Trac
tion Co. and tho Colfax Electric R y. Also owns ontiro stock of Denver
Tramway Power Co. and Denver Tramway Terminals Co.
F ranchises. — The general franchises under which Tho Denver City Tra m
way Co. operates its lines within the City of Denver aro. a franchise author
izing it to operato and maintain cable and electric railways granted Febru
ary 5 1885, covering all its present lines within tho city— substantially
202 milos. Also operates under a 20-yoar grant, voted by tho tax-pay
ing electors of tho city in M ay 1906, which authorizes it to maintain throorail tracks, gauges 3 ft. 6 in. and 4 ft. 814 in., over ail its present lines
within tho city and permits tho construction of certain viaducts and exten
sions. Seo decision in V. 84, p. 220. Under decision of tho U . S. Circuit
Court of Appeals on Nov. 11 1912, tho company has tho undisputed right to
uso the streets until 1926. Tho city may then raiso tho question as to tho
time when such rights expire. The company claims that its franchise is
perpetual. See decision in V. 95, P- 1472.
S TO C K A N D BONDS—
D a le. Interest.
O utstanding .
M a tu rity.
$5,000,000 Seo toxt
Stock $20,000,000 ($100)................... ....... ..
Denver Consol Tramway consl
1893 5 g A -O
1,167,000 Oct 1 1933
mtgo, $4,000,000. gold-------[In t. at Bkrs T r.C o ., N . Y , lr.& in Denver.
Purchase money mtgo gold!
1899 5 g A -O
2,0(W,000 April 1 1919
$2,090,000(Sl,000V$500)c*! Interest at Central 1 rust C o .,, N .Y . , Trustee.
1st & ref mtgo, $25,000,000 g\
1908 5 g M -N
5,399,000 Nov 1 1933
($500 & $1,000) sink fd -.c * fln t. at Bkr. T r . C o., N .Y . l r & m Denver.
Donv Real.Co coll tr notes gul
1911 514 A-O
7o0,000 Oct 1 1913
$750,000 (S500&S 1,000)g_c/Interost In Denver, Chicago or N . Y .
Bonds. — The mortgage of 1899 is a first lion on the Donvor City and
West End properties and a lien on tho Denver Consolidated Tramway
junior to its existing mortgages, to remain outstanding and lie assumod.
Abstract of Denver Consolidated Tramways consolidated mortgago of
1893. V. 52, p. 354. Of tho first and refunding bonds of 1908, $10,
911,800 aro reserved for prior liens (including the Denver Irani way
Power bonds and tho Denver & Northwestern bonds) and the remaining
$8,689,200 for additions and improvements at 85% of actual cost, no
moro than $350,000 to be issued in any ono year until tho $6,000,000
bonds of Donver & N . W . have been retired, alld thereafter only under cer
tain restrictions. See V. 88, P- 882; V. 90, p. 109; V. J2, p. 186. Bonds
aro callable as a whole but not in part, except for sink, fd., at I Op and int.
on any int. day after 1913 up to Nov. 1 1923: thereafter at 10214 and int.
oil 60 days’ notice. Sinking fund of 1% of bonds out begins Nov. 1 1J14
until and including Nov. 1 1923; thereafter 2% of bonds ouL Denver
Realty Co. notes are callable as a wholo but not in part at 10014 and. int. on
any int. day on 30 days’ notice. International lrust Co., Denver, trustoo.
They are guar., p. & i., by Denver C ity Tram . Co. and aro secured by pledge
of ontiro outstanding stock and bonds of Donver & Inter-M tn. R R .; $170,
000 1st M . bonds of Boulv. Real Estate Co. and real ostato valued at $200,
000. V. 94, p. 210.
E A R N IN G S .— For 12 mos. end. Dec. 31 1012 (city linos only) . gross,
$3,314,634; net, $1,655,455; charges and taxes, $870,260; surplus, $785,195.
R O A D .— Owns 203 miles of electric track. Gauge, 3 ft. 6 in. Prin
cipally 65 and 72-lb. rail. 431 cars, of which 251 motor passenger cars,
115 trail passonger cars and 65 miscellaneous.
D IV ID E N D S .— Previous to M ay 1902 paid 4 % per ann.; then stock
was practically all exchanged for Denver & Northwestern R y . and deposited
under that company’s first and coll. mtgo.
-----------:
O F F IC E R S .— Chinn, of Board, Claude K . Boettcher; Pres.
1st V .-P ., S. M . Perry; 2d V. P. and Gen. M an., John A Beeler; Sec. and
Treas., Thos. Keely; Aud., W . A . D oty. — V. 94, p. .207, 118o, 1382, v . Jo ,
p. 1472; V. 96. p. 1158, 1628; V. 97. p. 298. 1115. 1203.
(a ) T h e D e n v e r T r a m w a y P o w e r C o .
O R G A N IZ A T IO N .— Incorporated in Colorado March 1901 and owns
tho electrical power plant and distributing system which supplies tho cur
rent for the operation of tho Denvor & Northwestern and tho Denver City
Tramway Co.'s lines. Its property is oporated and maintained by tho
Denver City Tramway Co. under lease. Its bonds aro guaranteed, principal
and interest, by tho Denver City Tramway Co.
S TO C K A N D BONDS—
D a te.
In terest.
O utstanding.
M a tu r ity .
Stock, $500,000 ($100)------------------------------- -$500,000 - - - - - - - - -
First improvement mortgage, f 1903
5 g A -O
1,215,000 April 1 1923
$1,500,000. gold ($1,000), Int. at International Trust Oo., Denver,
guar prin and int_________ I Trustee, or Guaranty Irust Cm., N . Y.
Bonds. — Of the 1st improv. mtge. bonds, $2,000 aro reserved for future
Improvements at cost. Are subjoct to call on any int. dato at 10j anil Int.
A sinking fu n d of $50,000 per annum, to retire bonds at 10;> anil int., com
menced in 1908, and $283,000 have boon rotlred. This is a so guar, by
Denver C ity Tramway. Interest payable in Now York and Donver.
P L A N T — Is operated by and furnishes all power for tho Denver Tram
way Co. Normal capacity of company's plant, which is situated on tho
Platto River In Denver, is 9,500 lc. w. Owns 4 sub-stations, one of 1,500
k. w., two of 1,000 lc. w. and one of 900 k. w, capacity V . 90, p. 1014;
V. 92, p. 1112.
(b ) T h o D e n v e r T r a m w a y T e r m i n a l s C o .
O R G A N IZ A T IO N .— Incorporated in Colorado Aug. 24 1910 to build a
terminal anil a loop line for the Denver C ity Tramway Co. V . 9 1 . P . 1160;
V. 92, p. 186. Entiro stock is owned by Denvor C ity Tramway Co., which
company guarantees Terminals Co. bonds, prin. and int., and also loasos
tho latter company for 99 years.
S TO C K A N D BONDS—
D a te.
Interest.
Outstanding.
M a tu rity.
Stock, $500,000____ ______ ______ _______
$500,000 ------------------1st M . $1,500,000. g ($100)/ 1910
5 g M -S
1.315.000
See text
and $1,000), guar p & i-.c * (In t.a t Bankers T r.C o ., N .Y .,Tru s .,& in Den.
Bonds. — Remaining bonds are for improvements. They maturo $60,000
annually Sept. 1 1916 to 1910. Rodeomable as a wholo any int. day at 105
and int. on 30day's notice. V. 91, p. 1383; V . 91, p, 1180; V. 91, P- 1383.
(c )
D en v er & In te r -M o u n ta in R R .
O R G A N IZ A T IO N .— Incorporated in Colorado about Oct. 29 1907 as
Inter-Mountain Ry., but on April 2 1909 changed namo to present title.
Private right of way. Franchises in Denver and Goldon aro perpetual.
J an ., 1914]
ELECTRIC RAILWAYS
ress
45
46
ELECTRIC RAILWAYS
E n tir e s to c k and o u ts ta n d in g b o n d s are p led ged to secu re $75 0 ,0 0 0 D e n v e r
R e a lt y C o . n o te s .
See u n d e r D e n v o r C it y T r a m w a y s a b o v e .' H as pa ssen
ger a rran gem en ts w ith D e n v e r C it y T r a m w a y fo r in te rch a n ge o f transfers on
D e n v e r C it y linos; a ls o h a s c o n t r a c t fo r uso o f tra m w a y c o ’s tracks in en ter
in g D o n v c r . _ H as fr e ig h t tr a ffic agreem en ts w ith D e n v . & N . W . R y .
P roposed Sale.— I t is a n n o u n c e d th a t th e p r o p e r ty o f this c o m p a n y w ill
b e sold b y th e D e n v e r C i t y T r a m w a y s C o . s o th at the T r a m w a y c o m p a n y 's
o p e ra tio n s w ill be r e s t r ic t e d to o p e ra tin g a stre e t r a ilw a y . V . 97, p. 1203.
S T O C K A N D B O N D S —• D a le.
In terest.
O utstanding. M a tu r ity .
$ 1 ,0 0 0 ,0 0 0 ..................
S to c k , $ 1 ,0 0 0 ,0 0 0 ($ 1 0 0 )________ _________________
In te r -M o u n ta in R y , 1st m o r t - / 1908
5 g J-J
5 00 ,000 Jan 1 1938
ga g e, g o ld , $ 7 5 0 ,0 0 0 ($ 1 0 0 {I n t e r e s t a t C o n tin e n ta l T r u s t C o ., D e n v e r ,
an d S 1 .0 0 0 )______________c * (
T r u s te o , o r B a n k ers T r u s t C o . , N e w Y o r k .
Bonds aro c a lla b le a t 105 o n a n y in terest d a y a fte r 1913.
E A R N I N G S .— F o r 12 m o s . e n d in g Ju n e 30 1912, gross, $14 3 ,4 9 3 ; n e t,
$39 ,6 0 6 : in t. & ta x es, $ 3 4 ,1 5 0 ; s u r p ., $ 5 ,4 5 6 .
In 1910-11, gross, $13 1,74 7;
n e t , $ 3 1 ,0 7 7 ; in t. & ta x e s , $28 ,8 8 7 ; s u r p ., $ 2 ,1 9 0 .
R O A D .— O perates fr o m D e n v e r t o G o ld e n an d fro m B a m u m J u n ctio n to
an d a rou n d B a rn u m L o o p .
M a in tra ck , 15.25 m iles; to ta l tra ck , Incl. 2d
an d leased tra ck a n d s id in g s , 24.13 m iles. 40, 75 an d 8 0 -lb . T rail. S ta n d
a rd ga u g e.
O F F I C E R S .— P res. ft G e n . M g r ., W in . G . S m ith ; V .- P . ft A s s t. S e c .,
A . C . M o n t g o m e r y ; T r e a s ., F . G . M o f f a t t .— V. 9 4 , p . 207; V. 9 7 , p. 1203.
DERRY, PA.
W E STM O R E L A N D C O U N T Y R A IL W A Y CO .
O R G A N I Z A T I O N .— In c o r p o r a te d in P e n n sy lv a n ia o n D e c . 27 1904.
Is
a co n s o lid a tio n o f th e B r a d e n v ille & D e rr y S treet R y . an d th e B lairsville &
D e r r y S treet R y .
S T O C K A N D B O N D S — • D a te.
Interest.
Outstanding.
M a tu rity .
S t o c k , $5 0 0 ,0 0 0 ($ 5 0 )____ ________________________
$50 0 ,0 0 0 ____________
F irst m o rtg a g e , $ 2 5 0 ,0 0 0 , g j 1905
5 g M -S
208 ,000 M a r 1 1935
( $ 1 0 0 )____________________ c * \ I n t . at E a st E n d S a v . ft T r . C o ., P itts ., Trus.
Bonds.— N o sin kin g fu n d , an d b o n d s are n o t s u b je c t to ca ll.
E A R N I N G S .— F o r y e a r e n d in g Jun o 30 1913, gro ss, $4 7 ,8 8 6 ; n et,
$13 ,4 6 4 ; in terest an d taxes, $15 ,2 4 8 : d e fic it , $ 1 ,7 8 5 .
R O A D .— O p era tes 7 m iles o f tra ck .
O F F I C E R S .— P ros., J oh n E . P o tte r; V .- P s ., F . W in . Itudell and J. A M c C o m b ; S e c ., (v a c a n t ); T r e a s ., J . G . V ilsack , all o f P ittsbu rgh ; S u p t.,
S . F . S c h w c r d t, D e r r y .— V . 8 2 , p . 50.
DES MOINES, IOWA.
D E S M O IN E S C I T Y R A I L W A Y C O .— A tro lle y r o a d .
In M a rch 1911 N . W . H arris o f C h ic a g o a cq u ire d p ra c tic a lly all th e
s t o c k n o t p rev iou sly ow n ed b y him o f th e D os M o in e s C it y R y . C o . and
o f its allied c o r p o r a tio n , th e In te r-U rb a n R y . C o .
V . 9 2 , p . 794 .
O R G A N I Z A T I O N .— A c o n s o lid a tio n in 1893 o f th e D e s M o in e s S t. R R .
C o . a n d th o D es M o in e s S u b u rb a n R y . C o .
Is a u th orized t o carry fro ig h t.
Franchise D ecisio n .— O n M a r c h 22 1913 th o S u p rem o C o u rt o f Io w a , r o
versin g th e d ecision o f J u d g o A p p le g a to o f th o D is t. C o u r t o f D allas C o . on
D e c . 2 1910 (V . 9 1 , p . 1 5 7 4 ), held th a t th o c o m p a n y ’s franchises u n d e r th o
T u rn e r ord in a n ce o f D o c . 10 1866 o x p ire d Jan . 1 1898, instead o f bein g p e r
p etu a l, as cla im ed b y th o co m p a n y * T h o c o m p a n y has been g ra n te d tw o
years w ith in w h ich to n e g o tia te w ith th e c it y fo r a now fra n ch ise or to d is
p o s e o f its p r o p e r ty .
Seo V. 9 6 , p . 947.
G uaran tees th e In ter-U rb a n R y . C o . 1st M . b o n d s, prln . an d in t. See
b e lo w .
STOCK AN D BON DS—
D ate.
Interest. Outstanding.
M a tu rity .
C o m m o n , $ 3 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) - - ____
$ 1 ,0 5 5 ,0 0 0 _____________
P ref, 6 % n o n -c u m , $ 2 5 0 , 0 0 0 - - ____
250 ,000 _____________
D es M oin es S treet R R 1st M , [ 1889
6 g A -O
227 ,000 O ct 1T 4 to
g old ($ 1,000 e a c h ) ______n t f i
($25,000 d u e y e a rly )
O ct 1 1919
IC o n t .JiC om m .T r .ftS a v .Ilk . ,C h ic .,tr u s te o .
f 1890
fi g J-J
240 ,000 Jan 1915 t o
D e s M o in e s S ub R y 1st m tg e , I
Jan 1921
g old ($ 1,000 e a c h ) - . c * - n t f { l n t e r e s t at C h e m ica l N a t B a n k , N Y C it y .
I T r u s te e , Io w a Loan & T r u s t. D es M o in e s .
D e s M o in e s C it y R y ______n t r
1893
6%
4 ,0 0 0 M a y l 1923
D e s M o in e s C it y R y r e fu n d ’g f 1901
5 g A -O
2 ,4 3 1 ,0 0 0 A p ril 1 1921
m tg e,
$3,OOO,O0O,
g o l d l l n t . at H arris, F orbes & C o . , N . Y .; also
H arris T r . & S. B k .. C h ic . T ru s te o , 111. T r .
( $ 1 , 0 0 0 ) ____________ c * - n t f {
( ft S a v . B k . and W m . II. H on k le o f C h ic.
Bonds.— O f th e refu n din g m tg o . b o n d s o f 1901, $52 1,00 0 aro reserved
t o retire th o u n d e rly in g 6s o u ts ta n d in g . O f th o $ 2 ,4 3 1 ,0 0 0 5s roported
ou ts ta n d in g , $1 8 3 ,0 0 0 are in th o treasury and $ 5 ,000 h a v o been de p o site d
w ith Illin ois T r u s t & Savings B a n k t o bo held in lieu o f tho $4,0 0 0 D es
M o in e s C it y R y . 6s still o u t . B o n d s ca n b o called on a n y in t. d a te at 106
a n d Int. S in k . fd . $ 1 0 ,0 0 0 y e a rly on A p ril 1 fro m 1906 t o 1910, $15 ,000
fro m 1911 to 1915 an d $ 2 5 ,0 0 0 fro m 1916 to 1920. T h o rem ain in g b on d s
m a y o n ly b e Issued t o p a y fo r n o t e xceed in g 8 0 % o f c o s t o f exten sion s, p ro
v id in g not earnings aro 5 0 % in excess o f interest chargos u p o n all b on d s
o u ts ta n d in g , in clu d in g th ose t o b e issued.
R E P O R T .— F o r y ea r e n d in g N o v . 30 1913, gro ss, $ 1 ,3 0 3 ,0 7 8 ; n e t,
a fter taxes. $ 3 9 5 ,7 6 5 .
R O A D .— O perates 8 5 .0 7 m iles o f t r a c k . 35 t o 129 lb . rails.
170 p a s s .,
10 freig h t, 8 w ork an d 7 m iscella n eou s ca rs.
O F F I C E R S .— 'P ro s ., E m il G . S c h m id t; S e c ., O . I I . B e rn d : T r o a s ., F . M .
H arris; A s s t. S e c ., E . P . S m ith .— V . 8 6 , p . 546; V . 8 8 , p . 1313; V . 8 9 , p . 2 2 4 ;
V . 91, p . 1574; V . 9 2 , p . 794 ; V . 9 3 , p . 40 7 . 588; V . 9 5 , p . 818 ; V . 96. p . 94 7 .
I N T E R -U R B A N R A I L W A Y C O .— A tro lle y r o a d .
O R G A N I Z A T I O N .— In c o r p o r a te d in Io w a to c o n s tr u c t a sy ste m o f
Interurban road s c o n n e c tin g w ith D es M o in e s . T h o D e s M o in e s C it y R y .
C o . gu aran tees th o b o n d s , p rin cip a l an d interest.
STOCK AN D BO N DS—
D a te .
Interest.
O utstanding.
M a tu rity.
...............
$ 1 ,1 6 0 ,0 0 0 .......................
S t o c k , $ 1 ,2 0 0 ,0 0 0 ( $ 1 0 0 )....................
1st m ortg a g e, sin k in g fu n d ,
1901
5 g A -O
1,160,000 A p ril 1 1921
g old (8 1 ,0 0 0 ), g u a r a n te e d !A m e r . T r u s t ft Savings B k ., C h ic ., T ru ste e ,
p . ft i. b y D os M o in e s C it y I n t . a t H arris, F o rb e s ft C o . , N o w Y o r k , and
H arris T r u s t ft Savings B a n k , C h ic a g o .
R y ____ ______________ c * - n t f l
V . 95, p . 818; V . 9 6 , p . 947 .
D e b e n tu r e s , $35 0 ,0 0 0 ($ 1 ,0 0 0 / 1913
6 J -J
$25 0,00 0 Jan 1 1 9 2 3
and $ 5 0 0 )______________ n t f l l n t . a t H arris T r . ft S a v . B k ., C h ic ., T ru s te e
Bonds.— O th er b o n d s m a y b o Issued fo r a cqu isition s and extensions at
n o t o v e r 8 0 % o f co s t and at n o t o v e r $ 16 ,000 p er m ile fo r now r o a d , b u t o n ly
w hen n et earnings equal 1 A tim os all Int. charges on b o n d s o u t an d th o se to
b o issu ed. B on d s aro s u b j . t o call at 105 an d in t. A sinking fu n d o f 5 %
o f b a l. o f annual n ot e a rn s., a fte r p a y m e n t o f all ch argos, b e ca m e o p e ra tiv e
A p ril 1 1906. an d b on d s s o p u rch ased aro to b e k e p t a liv o for purposes o f tho
fu n d ; $11 ,000 is held in sin k in g fu n d . D e b e n tu re s aro re d . on a n y in t.
d a t e at 101 and in t.
E A R N I N G S .— 'F or y e a r e n d in g N o v . 30 1913, g ro s s , $33 4 ,3 3 5 ; n e t, a fte r
ta x e s , $ 1 0 0 ,1 7 3 .
In 1912, gro ss, $29 1 ,6 2 3 ; n o t, a fte r taxes, $ 7 9 ,8 9 8 .
R O A D .— O perates 7 3 .6 9 m iles o f track (in cl. sidin gs) c o n n e ctin g D es
M o in e s a n d C o lfa x , D es M o in e s an d P e r r y , w ith b ra n ch t o W o o d w a r d .
S tan d ard gauge; 60 an d 70-Ib. T ra il. 12 p a s s ., 83 fro igh t and 2 m isc. cars;
4 lo co m o tiv e s . C a rs enter D es M o in e s o v e r track s o f D o s M o in e s C it y R y .
O F F I C E R S .— P r o s ., E m il G . S ch m id t; S e c ., O . I I . B e rn d ; T r e a s ., F . M .
H a rris.— V . 7 4 , p . 6 8 0 .
DETROIT, MICH.
D E T R O I T U N I T E D R A I L W A Y .— (See M a p page 4 5 .) — T r o lle y .
O R G A N I Z A T I O N .— In c o r p o r a te d in M ic h ig a n D e c . 31 1900 a n d to o k
o v e r fra n ch ises an d prop ertie s o f th o D e tr o it C itize n s' S treet R y ., th o D e
tr o it E le c tr ic R y ., th o D e tro it F t . W a y n o & Bello Islo an d th o D e tr o it S u b
u rban . V . 7 2 , p . 4 4 , 183. E m b ra ce s all th o street ra ilw a y lines in D e tr o it .
L a ter a b sorb ed b y p u rch a so th o D e tr o it ft N orth w estern R y ., w h ich Is
k n ow n as th o O rch a rd L a k o d iv isio n , th o D e tr o it & P o n tia c R y ., k n ow n
as th o P o n tia c d iv isio n , th o W y a n d o tt o ft D e tr o it R iv e r R y ., k n ow n as th o
W y a n d o tt e d iv is io n , a n d th o D e tr o it ft F lin t, fo rm e rly th o D e tro it R o c h e s
ter R o m e o ft L a k o O rion R y ., an d k n o w n as th o F lin t d iv isio n .
O w ns en tire ca p ita l s t o c k o f th o D o tr o it & P o rt H u ron Sh oro L in o (R a p id
R a ilw a y S y stem ); S an d w ich W in d s o r ft A m h e rstb u rg R y . (a cq u ire d in
A u g . 1901): D o tr o it M o n r o e ft T o le d o S hort L in o R y . (a c q u ire d in F e b .
[Vol .
XCV III
1906) a n d th o D e tr o it Jack son ft C h ic a g o R y . T h o last-n a m ed is a re
o rg a n iz a tio n o f th o D e tr o it Y p s ila n tl A n n A r b o r ft Jackson R y ., th o J a c k
son A n n A r b o r & D e tr o it R y . a n d th o D e tro it P ly m o u th ft N o rth v illo R y . ,
w h ic h w ere a cq u ire d in Ja n . 1907.
In A u g . 1901 pu rch ased 180 shares (all) o f tho s to c k o f tho C it y E le c tr ic
R y . a n d th o P e o p le ’s E le c tr ic L ig h t plan t o f W in d so r, O n t.
O rdinance D efea ted .— A t referen d u m e lection on Jan . 23 1912, th o p r o
po se d o rd in a n co ( V . 93, p . 1190) passed b y the C o u n cil J a n . 16 1912, lo o k in g
to th e s e ttle m e n t o f all d iffe re n ce s betw eon th o c it y an d th o c o m p a n y
w as d e fe a te d .
V . 94, p . 278.
Franchise D ec is io n .— O n O c t . 2 1912 th o M ic h . S u p rem o C o u rt, in a d e c i
sion a ffir m in g th at o f th o W a y n e C o . C ircu it C o u rt, h eld that th o c o m
p a n y has n o rig h t t o co n tin u e t o op e ra te its cars in F o rt S t ., th o 3 9 -y ea r
fra n ch ise o rig in a lly gra n ted h a v in g exp ired . T h o C o u rt also h o ld s , h o w
e v e r , that th e c it y m a y n o t fix an a rb itra ry rato o f rental fo r th o u se o f th o
s tre e t, b u t has th o rig h t t o co m p e l th o c o m p a n y t o v a c a te streets u p on
w hich franchises h a v e exp ired . Suit w as r e m a n d e d t o low er C o u rt fo r
fu rth er p roceed in gs.
V. 95, p . 890. O n A p ril 26 1913 th o U . S . S up rem o
C o u rt a ffirm e d th o d ecision as ou tlin e d a b o v e .
V . 96, p . 1556, 947.
O n A p ril 7 1913 th e citizen s v o t e d in fa v o r o f an a m en d m en t a u th o rizin g
th e c it y to a cq u ire b y p u rch aso o r c o n d e m n a tio n o r c o n s tr u c tio n , a n d to
o w n an d m a in ta in and o p e ra te street ra ilw a y s an d to issue b o n d s t o p r o v id o fo r cast th e re o f. Seo V . 96, p . 1088.
Tem porary A greem ent with C ity.— O n A u g . 8 1913 th o C o m m o n C o u n cil
rescin d ed th o o rd in a n ce a d o p te d O c t . 26 1909 fix in g th o ren tal on lines on
w h ich fra n ch ises had exp ired at $300 p er d a y , an d a d o p te d th o r e co m m en
d a tio n o f M a y o r M a r x fo r a tem p o ra ry agreem en t fo r th o s e ttle m e n t o f
oxisting d iffe re n ce s , i. o. (V . 97, p. 44 3 ):
1. A ra to o f fa r e (p u t in to e ffe c t A u g . 15 1913) o f 7 tick e ts fo r 25 ce n ts
on all c it y lines, 5 cen ts fo r single ca sh fares w ith rig h t o f tra n sfer, w o rk in g
m e n ’s tick e ts (u n ch an ged ) a t 8 tick ots fo r 25 ce n ts fo r t w o hou rs each
m o rn in g an d e ven in g.
2. T h o p rop osed crosstow n lino on or near Ju n ctio n A v e ., t o b o c o n s tr u c t
ed; also c o n n e c t th o M a c k A v e . an d M y r t lo A v e . lin os, as p r o p o s e d , an d
o th e r extensions (see V". 9 7 , p . 4 4 3 ).
3 . $75 ,000 to b o p a id t o th o c it y fo r F o rt S t. lin e privileges sin co J u ly 24
1910; also t o p a y all b a ck taxes.
It is cla im e d b y the C it y T re a su re r th a t
th o b a c k taxes ag g re g a to $ 50 0,00 0.
4 . T h o c o m p a n y to bo relieved o f th o p a y m e n t o f $300 per d a y in c o n s id e r
a tio n o f th o fo re g o in g .
5. T h o oxistin g rig h ts o f c it y o r th e railw ay shall n o t b o im p aired b y this
te m p o ra ry agreem en t. V . 9 7 , p . 44 3 .
N ttv N o te s .- In Ja n . 1914 th o c o m p a n y sold $ 2 ,0 0 0 ,0 0 0 2 -y o a r 6 % n o te s ,
t o be d a te d F e b . 5 1914, s u b j. to a p p ro v a l o f M ic h . R R . C o m m . V . 9 8 ,
p . 235.
Back Taxes P a id .— O n O c t . 14 1913 ta xe s a ggregatin g $32 3,59 2 (In cl.
$ 64 ,814 in t. at 6 % ) w ere p a id t o th o C it y T rea su rer in pu rsu an ce o f tlio
recen t s e ttle m e n t w ith th e c it y (seo a b o v e a n d V . 9 7 , p . 4 4 3 ). T h e $75 ,0 0 0
fo r b a c k ren tal o n F o r t S t. w as also p a id . V . 97, p . 1115.
W age A g reem en t.— F o r agreem ent en d in g d ifficu ltie s w ith th o m e n , seo
V . 9 4 . p . 1507. Seo also V . 97, p . 1357.
STO C K A N D BON DS—
D ale.
Interest.
Outstanding.
M a tu rity.
S to c k , $ 1 2 ,5 0 0 ,0 0 0 ($ 1 0 0 )___________
Q -M
S i 2,5 0 0 ,0 0 0 D e c , ’ 13, l 'A
1st co n so l m tg o , $ 2 5 ,0 0 0 ,0 0 0 ,/ 1902
4 A g J -J 14,58b,000 Jan
11932
g o ld ($ 1 ,0 0 0 )...................... c * {G u a r a n ty T r u s t C o ., N . Y . , r r u s to o . I n t.
I a t A g e n c y B a n k o f M o n tr e a l.
C o ll g o ld n o te s $2,000,000 1 1914
6 % F -A
2 ,0 0 0 ,0 0 0
1916
red on 30 d a y s at 102 ft in t .)
.
,,
.T
,
D e tr o it U n ited R y . s to c k an d b o n d s h a v o been listed o n th o N ow Y o r k
S to ck E x ch a n g e .
.
,
t
.
,
Bonds.— O f th e $ 2 5 ,000 ,00 0 first co n so lid a te d m o rtg a g o b o n d s a u th o riz ed .
$ 8 ,8 8 0 ,0 0 0 aro reserved t o retiro u n d erlyin g lions an d $ 1 ,5 3 4 ,0 0 0 are in
treasu ry. E n tire issue o r a n y p a rt th e re o f is s u b je c t t o call at a n y tim e
a t 105 an d in terest o n 60 daysr n o tice . See V. 7 3 , p . 1111- C olla te ra l
fo r th o n o te s o f 1914 in clu d e b o n d s o f th e c o m p a n y an d o f Its subsidiaries
a ggre ga tin g SO,7 50 ,0 0 0 .
D e t r o i t E le c t r ic .
D ate.
In terest.
Outstanding.
M a tu rity .
D e tro it R y 1st M , g ($ 1 ,0 0 0 )/ 1895
5 g J -D
$ 1 ,7 0 0 ,0 0 0
1914-1924
on 5 6 .3 4 m ile s............._ c * ft r iln to r e s t a t C le ve la n d 1 r . C o . T ru ste e .
D e tr o it E le ctric co n M , $ 2 .-[ 1896
5 I? J -D
1,100,000 Ju n o 1 1916
8 0 0 ,0 0 0 , g ($ l,0 0 0 )..- c * & r I n t. a t C le v o . T r . C o ., r r u s tco . A s to D e c .
(
1897 interest, see V . 6 5 , p . 1219.
Bonds.— F irst m o rtg a g o b o n d s o f th o D e tro it R y . n u m bered 1 t o 600 m a turo in ord e r o f n um bers a t $50 ,000 per a n n u m ,! 5eg Inn m g H o c. 1 1912;
n um bers 601 a n d a b o v e m atu re D e c . 1 1924; $ 1 0 0,00 0 h a v o boon r e tir e d .
D e tr o it E le c tr ic c o n so ls fo r $ 1 ,7 0 0 ,0 0 0 aro reserved t o rotiro th o fir s t
m o rtg a go b o n d s as th o y m atu re.
D e t r o i t F o r t W a y n e f t B e lle Is le .
1st m tg o , g o ld , $1,2 0 0 ,0 0 0 f 1898 5 g A -O
$ 1 ,2 0 0 ,0 0 0 A p ril 1 1928
($1,000) _______________c * ftr N e w Y o r k T r u s t C o ., T ru ste e . S u b je ct t o
[ call at 105 and in t. on 60 d a y s n o tico .
In terest at K e a n , V an C o r tla n d t ft C o . , N o w Y o r k .
D e tr o it ft N o rth w e s te r n R y .
1st m tg e , $ 1 ,0 0 0 ,0 0 0 . g o ld / 1901
4 M «M -N
* 8 5 5 ,0 0 0 M a y 1 1921
($100, $ 1 ,0 0 0 )................... c * I Interest at U nion T r u s t C o . , D o tr o it, T r u s t .
Bonds.— A ro g u a r ., p . ft L , b y D o tro it U n ited R y . b y e n d . an d aro s u b
je c t t o call at 105 an d in t. on 60 d a y s ’ n o tico . Seo V . 7 3 , p . 4J4.
D e t r o i t ft P o n t i a c R y .
1st m o rtg a g o , $ 5 0 0 ,0 0 0 , g o l d / 1897
5 g F -A
_ $500,000 1'eb 1 1922
( $ 1 . 0 0 0 ) ...............................c * {W a s h in g to n T ru s t C o N . Y . , T ru ste e .
Interest a t P e o p lo s S tate B a n k , D o tr o it.
1st c o n m tg o , g o ld ( $ 1 ,0 0 0 ),/ 1901
4 A g J -D
v Un?pJ l ? 2G
$ 1 ,1 0 0 ,0 0 0 ....................c * ftr l In t. a t W a sh in g ton T r . C o . , N . Y . , r r u s tco .
Bonds.— $50 0,00 0 c o n so lid a te d m tg o . 4 A % b o n d s aro reserved t o rotiro
lik e a m o u n t o f 1st m tg o . b o n d s. B o n d s aro s u b je c t t o call a t 105 an d in ter
est on 60 d a y s ’ n o tico a fte r Jun o 1 1911.
P rincip al a n d interest o f b o th
issues gu aran teed b y D e tr o it U n ited b y e n d orsem en t.
W y a n d o t t e & D e t r o i t R iv e r R y .
1st co n s o l, m tg o , $ 4 2 5 ,0 0 0 / 1898
5 g J -D
S^S.OOO D o c
11918
($ 1 ,0 0 0 ). g o ld ................... c*\ In terest at U nion T r u s t C o . , D o tr o it, T ru s teo
D e t r o i t ft F l i n t R a ilw a y .
T h o D o tr o it & F lin t R y . w as organ ized t o a cq u ire th o D o tr o it R o c h e s te r
R o m e o ft L a k o O rio n , to g e th o r w ith th o N o r . D o t. E le c . R y . an d th o D o t.
U tica & R o m e o R y . T h o c o n s o l. M . is a 1st lien on those last t w o p ro p ties.
D a te.
Interest. Outstanding.
M a tu rity.
D R R ft L O R y 1st m t g e ,/ 1900
5 g J -D
S I . 100 ,000 Ju n o 1L 1920
sin k in g fu n d , g o ld ($ 1 ,0 0 0 ),(In te r e s t a t A m erica n 1 rust ft S avin gs B a n k ,
$1 ,5 0 0 ,0 0 0 ; unissued b o n d s !
C h ic a g o , T ru ste e ; also G u a ra n ty I rust C o .
h a v o been c a n c e le d .......... c*
N ow Y ork .
, nn nnn «
,
D o tr o it ft F lint 1st co n so l M ,J 1901
5 g F -A
$ 1 ,4 0 0 ,0 0 0 A u g 1 1921
g , $ 3 ,0 0 0 ,0 0 0 ( $ l,0 0 0 )--C * \ I n t . a t T r . C o . o f A m e r ic a , N . Y . T ru ste o.
Bonds.— O f th o c o n so lid a te d m t g e ., $ 1 ,1 0 0 ,0 0 0 aro resrovod t o retiro
b on d s o f lik e a m o u n t o f th o D . R . R . ft L a k o O . R y •an d $ 5 0 0 ,000 h a v o been
co n c e le d . C o n so lid a te d b o n d s aro s u b je c t t o call at 100 and interest
on 60 d a y s ’ n o tico . B o th issues are g u aran teed b y th o D o tr o it U nited
R y .; see fo rm o f gu a ra n ty in V . 76, P- 1300; as ad d ition a l collateral
s e c u r ity ” on th e F lint b o n d s 1st co n s o l. 4 A % b o n d s o f th o D e tr o it U nited
aro d e p a slte d , $ for $, w ith th o G u a ra n ty T ru s t C o . o f N o w Y o r k , an d w ou ld
b o a vailable in th e e v e n t o f d e fa u lt on th e D e tr o it & 1<lint b o n d s.
R E P O R T .— A n n u al re p o rt o f th e D e tr o it U n ited R y . fo r th o y ear e n d in g
D e c . 31 1912 w as pub lish ed in V . 9 6 , p . 483 .
D e t r o i t U n it e d R y ., R a p id R y . S y s ., S a n d w . W i n d . & A m l i c r s t b . R y .,
D e t . A lo n r o e f t T o l . S h . L in e R y . a n d D e t. J a c k , f t C h ic .
1912.
1911.
1910.
R e v e n u e passen gers___________________ 2 0 8 ,538 ,59 4 182,612,780 1 65 ,920 ,75 3
T ra n sfe r passen gers___________________ 61,3 9 3 ,8 7 7
53,6 5 2 ,8 7 9 4 8 ,2 3 7 ,7 2 0
G ross e a r n in g s ............................................... $ 11 ,695 ,53 0 $1 0 ,2 5 3 ,1 3 4 $ 9 ,3 4 5 ,2 1 9
O p eratin g oxpen ses____________________
7 ,7 3 0 ,4 0 9
6 ,5 8 0 ,0 4 2
5 ,9 8 1 ,0 6 5
N e t earnings fro m o p e r a tio n _________ $ 3 ,965,121
I n c o m o fro m o th er so u r c e s ..................
208,857
S 3 .673 .092
178,813
$ 3,364,154
152,768
In c o m o fro m all s o u rce s ______________ $ 4 ,1 7 3 ,9 7 8
In terest and ta x e s______________________ 2,1 2 3 ,5 1 3
D iv id e n d s ( 5 % ) .........................................
625 ,000
D e p re cia tio n ch arged o f f ______________
500 ,000
C o n tin g e n t lia b ility r o s e r v o _________
100,000
$ 3 ,8 5 1 ,9 0 5
2 ,1 2 3 ,3 9 8
625 ,0 0 0
460 ,000
-----------
$3,5 1 6 ,9 2 2
2,0 3 0 ,6 2 2
.............
400 ,000
100,000
T o t a l d e d u ctio n s ........................................ $3,3 4 8 ,5 1 3
Surplus in c o m e .............................................
$82 5,46 5
$3,1 4 8 ,3 9 8 $ 2 ,530,622
$703,507
$986,300
J an .. 1914.
D I V I D E N D S .— F irst d iv id e n d o f 1 % on D e tr o it U n ite d s t o c k w as p a id
M a r c h 1 1901 a n d 1 % qu a rte rly thereafter u n til A u g . 1 1905, w h en ra te
w as raised t o I A % q u a rte rly . O n N o v . 1 1905 1 M % .
In 1906 5 % . In
1907, F e b ., I H % : M a y , 1 A % \ A u g ., \ M % . N o n e to M a r . 1911, w hen
1
w as p a id ; sam e a m o u n t q u a r. t o and in c l. D e c . 1912. In M a r c h
1913 ra te w as in crea sed t o 1 H % q u a r.; J u n e , 1 H % ! S e p t ., \'AVo\ D e c ., 1A •
R O A D .— O n Jan . 1 1913 o p e ra te d 793 .2 7 8 m iles o f tr a c k , as fo llo w s :
D e tr o it U n ite d , in clu d in g W y a n d o tte & D e tr o it R iv e r I t y ., D e tr o it &
N o rth w e s te r n , D e tr o it & P o n tia c , D e tr o it & F lin t, 438.01 m iles; D e tr o it &
P o r t H u ron S hore D ine, 132.24 m iles; S a n dw ich W in d s o r & A m h e rstb u rg
R y . , 3 8 .2 8 m iles; D e tr o it M o n r o e & T o le d o S hort L in o , 7 6 .7 0 m iles; D e tr o it
J a ck son & C h ic a g o R y ., 108.05 m iles. R a ils, 7 7 , 85 and 9 8 -lb . ste e l. D o e s
an express s e rv ice . H as 1,274 closed passenger ca rs, 276 o p e n passenger
ca rs, 233 freigh t an d c o n s tru ctio n ca rs, 37 lin e cars, 71 express ca rs, 14 m is
cella n eou s c a r s , 2 lo c o m o t iv e s , 3,3 4 4 m o to rs a n d 2,5 5 6 t r u c k s . T h e re are 11
p o w e r -h o u se s , w ith a co m b in o d c a p a c ity o f 4 7 ,5 9 0 h .p ., 2 s to ra g e b a tteries
w ith a co m b in e d c a p a c ity o f 4,5 0 0 am peres an d 23 su b -s ta tio n s w ith a
co m b in e d c a p a c ity or 20,8 5 0 k .w .
O F F I C E R S .— P r e s ., J . C . H u tch in s , D e tr o it : V . - P s ., A rth u r P a c k , D e
t r o it, E . W . M o o r e , C le v e la n d , an d A . J . F ergu son , M o n tr e a l; T r c a s .,
G e o rg e H . R u ssel, D e tr o it; S e c ., A . E . P eters, D e tr o it; G e n . M g r ., F . W .
B r o o k s , D e tr o it . G en eral o ffic e s , 12 W o o d w a r d A v e ., D e tr o it .— V . 9 4 , p .
123, 207 , 278, 41 6 , 485. 767 , 1507; V . 9 5 , p . 110, 890 , 1683; V . 9 6 . p . 4 1 9 .
4 8 3 , 9 4 7 , 1088, 1556, 1628; V . 97, p . 44 3 , 1115; V . 9 8 , p . 235.
(1) D e t r o i t & P o r t H u r o n S h o r e L in e R y .— A tr o lle y r o a d .
E n tir e ou ts ta n d in g c a p ita l s to c k is n o w ow n e d b y th e D e tr o it U n ite d R y .
O R G A N I Z A T I O N .— In c o r p o r a te d in M a y 1900. Is a co n s o lid a tio n o f
th e R a p id R a ilw a y C o . , th o D e tro it M t . C lem en s & M a r in o C it y R y . (th o
p u rch aser o f th e properties o f th o M t . C lem ens & L a k e sid e T r a c tio n C o . and
th e D e tr o it & R iv er S t. C lair R y . ) , th o P o rt H u ron S t. C la ir & M a r in e C it y
I t y ., th o C on n ors C reek & C lin to n R iv e r P lan k R o a d C o . an d th o C it y
E le c tr ic R y . o f P ort H u r o n . T h o n o w c o m p a n y o w n s th o c a p ita l s to c k or
each r o a d . T h e co n s o lid a te d c o m p a n y op e ra te s all th e tracks in M t . C le m
ens an d P o r t H u ron , and th e th ro u gh r o u te fro m D e tr o it t o P o rt H u ron
ru n n in g th rou gh M t . C lo m e n s, N o w B a ltim o re , A lg o n a c, M a r in o C it y and
S t. C la ir. A ls o ow n s th e ca p ita l s to c k o f th o D e tr o it & L a k e S t. C la ir R y .
STOCK AN D BO N DS—
D a te.
Interest. O utstanding.
M a tu rity .
________
$ 2 ,0 0 0 ,0 0 0 ------------------S t o r k S2 500 003 (3100)
- ____
5 g J -J
1.897 000 Jan 1 1950
l s t m t g e , $ 2 ,5 0 0 ,0 0 0 \$ 1,000) ( 1900
c a n n o t b e c a lled , g o ld .c * & r U n ion T r u s t C o . , D e tr o it , T ru s te e .
[I n t. at A m orica n E x c h . N a t . B a n k , N . Y .
Bonds.— O f th e now 1st m tg o , $ 6 0 3,00 0 is sot a side t o ro tire u n d erlyin g
liens (n a m ely th e b o n d s o f th o R a p id R y . an d th o P o r t H u ron S t. C lair &
M a r in o C it y R y .) .
O f th o $ 1 ,8 9 7 ,0 0 0 b o n d s re p o r te d o u ts ta n d in g , $ 1 2 5 ,
000 w ere o n D e c . 31 1912 held in th e treasu ry o f th o D e tr o it U n ite d .
R a p id R a il w a y .
BON DS—
D a te.
Interest. O utstanding.
M a tu r ity .
F irst
m o rtg a g e ,
$300,0001 1895
5 M -S
$30 0 ,0 0 0 M a y 1 1915
( $ 1 , 0 0 0 ) .............- ................ c * / I n t . at F in a n ce C o . o f P e n n a ., P h ila ., T r u s .
First C o n s o lid a te d m o r tg a g e ,! 1896
5 g M -N
$ 3 0 0,00 0 M a y 1 1916
$ 6 0 0 ,0 0 0 , g o l d ___________c * J I n t . at F in an ce C o . o f P e n n a ., P h ila ., T r u s t .
O f th o co n s o l, m ortg a g o b o n d s o f 1896, $30'*,000 are reserved t o ta k e u p
th e o u tsta n d in g first m o rtg a g e b o n d s.
P o r t H u r o n S t . C la ir & M a r in e C i t y R a ilw a y .
BO N DS—
D a te .
Interest. Outstanding.
M a tu rity .
1st m o r tg a g o , g o ld , $300,0001 1900
5 M -S
$3,0 0 0 M a r 1 1920
($500 an d $ 1 ,0 0 0 )_________ /U n io n T ru s t C o . , D e tr o it , T ru ste e .
T h o rem ain in g $ 2 9 7,00 0 b o n d s h a v e been c a n ce le d .
D e t r o i t & L a k e S t . C la ir R y . C o .
BO N DS—
D a te.
Interest. O utstanding.
M a tu r ity .
1st m o r tg a g o , $ 4 0 0 ,0 0 0 , g o ld ! 1900
5 g A -O
$ 3 9 0,00 0 A p ril 1 1920
($1 000)
- - c * / l n t . a t U n ion T r u s t C o . , D e tr o it , T r u s te e .
Bon ds.— T h e"b on d s are gu a ra n te e d , prin cip a l an d in terest, b y th o D e tr o it
& P o r t H u ro n Sh ore L in o R y ., th e R a p id R a ilw a y C o . a n d th o D e tr o it M t .
C lem on s & M a r in o C it y R y . T h e y aro n o t s u b je c t t o ca ll. O f th o $ 39 0,00 0
r e p orted ou ts ta n d in g , $100,000 w e re held b y th o D o t. U n it. D e c . 31 1912.
R O A D .— T o t a l D e t . & P o r t H u ro n S y ste m , 132.24 m iles.
E A R N I N G S .— N o w in clu d e d in r e p o r t o f D e tr o it U n ite d R y .— V . 7 7 , p .
3 4 ; V . 8 4 , p . 338 .
(2) S a n d w i c h W i n d s o r & A m h e r s t b e r g R y .— T r o lle y .
O R G A N I Z A T I O N .— In c o r p o r a te d u n d er sp ecial ch a rte r fro m P r o v in c e
o f O n ta r io . O w ns en tire ca p ita l s to c k ($10 0 ,0 0 0 ) o f th o W in d so r & T e c u m soh E le c tr ic R y . E n tir e st o c k o f S a n d .W in d s . & A m h . is o w n e d b y D e t . U n.
ST O C K A N D BON DS—
D a te.
In terest. Outstanding.
M a tu rity .
S t o c k , $ 3 5 0 ,0 0 0 ($ 1 0 0 ).......... ......................................
$29 7 ,0 0 0
------
C o n s o l M t g e , g o ld , $600,0001 1902
\ A g J -D
4 9 0 ,0 0 0 D e c 1 1922
g o ld (3 1 ,0 0 0 ) ___________c * /N a t io n a l T r u s t C o . , L t d ., T o r o n t o , T r u s te e .
W in d & T e c E l, $300,000,1 1907
5 g M -S 2
189.000 S e p t 2 1927
g o ld ($ 1 ,0 0 0 ) g u p & i_ _ c * /N a t io n a l T ru s t C o ., L t d ., T o r o n t o , T r u s te e .
Bonds.— S. W . & A m h . b o n d s are s u b j. t o call a fte r D o c . 1 1912 a t 105.
W in d s o r & T e c u m , b on d s are g u a r ., p . & 1., b y S a n d . W in d s o r & A m h e rs tb .
Ry.
T h e y aro re d . o n an d a fte r S e p t. 2 1917 a t 105 an d in t. o n 60 d a y s ’
n o tice . In terest on b o th m o rtg a g e s Is p a y a b le a t c o m p a n y ’s o ffic e .
R O A D .— O perates 3 8 .2 8 m iles o f tra ck in an d b e tw e e n W in d s o r , W a lk e r v illo , S a n d w ich an d A m h e rstb e rg , in clu d in g C i t y R y . o f W in d s o r (2.5 2
m ile s ), op e r a te d u n d er lease.— V . 7 5 , p . 1303, 1400.
(3) D e t r o i t M o n r o e & T o l e d o S h o r t L in e R y .
In F o b . 1906 en tire s to c k w as a cq u ire d b y D o t . U n it. R y . V . 8 2 , p . 392 .
In Ja n . 1914 th o rem ain in g b o n d s o f th o $ 3 ,0 0 0 ,0 0 0 m tg e . w ere s o ld .
V . 98, p .2 3 5 .
O R G A N I Z A T I O N .— In c o r p o r a te d in M ic h ig a n o n D e c . 11 1902.
STO C K A N D BON DS—
D a te.
Interest. O utstanding.
M a tu rity .
S t o c k , $ 3 ,0 0 0 ,0 0 0 _____________ _________________
$ 2 ,5 8 1 ,0 0 0 ............. .........
1st
m o r tg a g e ,
$3 ,0 0 0 ,0 0 0 ,1 1903
5 g J-J
3 ,0 0 0 ,0 0 0 Jan 1 1933
g o ld ($ 1 ,0 0 0 )____________ c * /U n io n T ru s t C o ., D e tr o it , T r u s te e .
Bonds.— In terest is p a y a b le in N o w Y o r k . N o sin k in g fu n d a n d b o n d s
aro n o t s u b je c t t o ca ll.
R O A D .— O porates 50 m iles o f r o a d fro m T o le d o t o D e tr o it and 4 m iles o f
roa d fro m M o n r o e to L a k o E rie; c o m p le te d N o v . 5 1904. A t T o le d o c o n
n e c tio n is m ad e w ith th o L a k o S horo E lo c tr ic R y . fo r C le v e la n d .
Is o f
stea m roa d con s tr u c tio n , o n p riv a te rig h t o f w a y ; s ta n d a rd g a u g e , laid w ith
7 0 -lb . T rails. T o t a l tr a c k , 7 6 .7 0 m iles.— V . 8 2 , p . 392 ; V . 98, p . 235.
(4) D e t r o i t J a c k s o n & C h i c a g o R y .
O R G A N I Z A T I O N .— A h o ld in g c o . organ ized in M ic h , in 1907 b y D o tr o it
U n itod interests t o ta k o o v e r th o D e t. Y p s il. A n n A r b o r & J a c k . R y ., tho
J a c k . A n n A r b o r & D o t. R y . a n d th e D o t. P ly m . & N o rtliv illo R y ., p a y in g
th erefor $ 1 ,2 3 0 ,0 0 0 . E n tiro s to c k ow n e d b y D e tr o it U n ite d R y .
STO C K A N D BON DS—
D a te.
In terest.
O utstanding.
M a tu r ity .
S t o c k , $ 2 5 ,0 0 0 ($ 1 0 0 ).................... ..............................
$ 2 5 ,0 0 0 ------------------First co n s o l m tg o , $ 4 ,0 0 0 ,0 0 0 / 1907 5 g F -A
1,4 0 0 ,0 0 0 F eb 1 1937
($ 1 ,0 0 0 ), g o ld ___________c * l l n t . a t S ecu rity T r u s t C o . . D e tr o it, T r u s te e .
1st c o n s M D o t Y A A r & J a c k / 1901
5 g F -A
1 ,610,000
F o b 1 1926
$ 2 ,6 0 0 ,0 0 0 ($ 5 0 0 ,$ l,0 0 0 )g c * l In t. a t D e tr o it T r u s t C o . , D e tr o it , T r u s te e .
D Y & A A r 1st M ($ 6 0 0 ,0 0 0 )/ 1897 6 g M -N
6 0 0 ,0 0 0 N o v 1 1917
g o ld ($500 o r $ 1 ,0 0 0 each ) . l i n t , a t U n ion T r u s t C o . , D e tr o it , T r u s te e .
D e t Y p s & A n n A r c o n s 1st M l 1899 6 g F -A
3 3 0 ,0 0 0 F ob 1 1924
$ 1 ,0 0 0 ,0 0 0 , g ($500 & $ 1 , - /I n t . a t U n ion T r u s t C o . , D e tr o it , T r u s te o .
000) sinking fu n d a n n u a lly /
Y p s ila n ti & Salin e 1st M ---------------------6
J -J
6 0 ,0 0 0 J u ly 1 1919
O f th e now D e t. Y p s . & A n n A r b o r & J a c k s o n 1st M . o f $ 2 ,6 0 0 ,0 0 0 ,
$ 9 9 0 ,0 0 0 aro reserved fo r u n d e rly in g lions. F irst c o n so ls c a n n o t b o c a lle d .
S eo V . 7 5 , p . 666.
Bonds.— -B onds o f D o t. J a c k . & C h ic , are s u b je c t t o ca ll o n a n y in terest
d a y a t 105 an d in t. G u a r ., p . & L , b y th o D e tr o it U n ite d I ty s .; e n ou gh
b o n d s a ro reserved to retiro b o n d e d d e b t o f th o D e t . Y p s . A n n A r b o r & J a c k .
Ry.
V . 8 5 , p . 345. O f th o a m o u n t re p o rte d o u ts ta n d in g , $52 0 ,0 0 0 w ero
o n D e c . 31 1912 in th o D e tr o it U n ito d treasu ry.
R O A D .— C o m p le te d an d In o p e r a tio n fro m D o tr o it (th ro u g h W a y n e and
Y p s ila n ti) t o A n n A r b o r an d t o J a ck so n ; m akin g m iloage 100 m ile s, o f w h ich
40 m iles o v e r p riv a te rig h t o f w a y . T o t a l tr a c k , 108.05 m ilo s.
R a ils 70
a n d 7 5 -lb . T girder.
D o e s a fre ig h t business.— V . 7 9 , p . 269; V . 8 1 , p .
1723; V . 8 4 , p . 51, 450 .
47
ELECTRIC RAILWAYS
DOYLESTOWN, PA.
P H I L A D E L P H I A & E A S T O N E L E C T R I C R Y . C O .— A tr o lle y r o a d .
R eceivership.— O n A p ril 5 1912 J u d g e R y a n in B u ck s C o u n t y C o u r t a p
p o in te d A . I I . S ickler (P re s, o f C o .) a n d G o d fr e y S ch m id h oiser o f P h ila .
rece iv e rs. V . 9 4 , p . 69 9 , 1057. P lan s o f r e o rg a n iz a tio n a re in progress.
O R G A N I Z A T I O N .— O rga n ized in 1907 as s u ccessor t o th e P h iladelph ia
& E a s to n R y . (fo rm e rly th o D o y le s to w n & E a s to n Street R y . ) , so ld a t
tru ste e 's sale M a y 31 1907.
STO CK AN D BON DS—
D a te.
In terest.
O utstanding. M a tu r ity .
C o m m o n , $2 6 5 ,0 0 0 ($ 5 0 )....................................... ..
$25 8 ,8 0 0 .................... P r e f, $ 3 6 5 ,0 0 0 , 5 % n o n -c u m . ................................
3 5 4 ,8 0 0 ____________
1st M , $ 1 ,0 0 0 ,0 0 0 ( $ 1 ,0 0 0 ,/ 1907
5 g M -S
9 1 1 ,0 0 0 S ep t 1 1927
$50 0 an d S 1 0 0 ), g o l d ___ c * \ I n t . a t G ira rd T r u s t C o ., P h ila ., T r u s te e .
Stock.— P referred shares h a v e n o v o t in g p o w e r.
Boonds.— 'T h o new $ 1 ,0 0 0 ,0 0 0 b o n d s are n o t s u b je c t t o call a n d n o sin k in g
fu n d . In te re st w as 4 % t o S e p t. 1 1911: is n o w 5 % .
E A R N I N G S .— F o r ye a r e n d . Ju n e 30 1913, gro ss, $10 7 ,0 4 5 ; n o t, $ 2 4 ,4 7 4 .
R O A D .— O perates 31 m iles o f ro a d b e tw e e n D o y le s to w n a n d E a s to n .
O perates 8 cars.
O F F I C E R S .— -P res., A . I I . S ick le r, P h ila .; V . - P . , A m o s J o h n so n ; S ec.
W . S. C h a m b e rs, D o y le s to w n ; T r c a s ., I I . G . R u s h , L a n c a s te r .— V . 8 5 , p .
470 ; V . 9 4 . p . 6 9 9 , 1 0 5 7 . ______________ __________
DU BOIS, PA.
D U B O I S E L E C T R I C & T R A C T I O N C O .— A tr o lle y r o a d and ele ctr ic
lig h tin g p la n t.
O R G A N I Z A T I O N .— I n c o r p . in N e w J ersey o n N o v . 15 1901 as th e A m e r
ica n T o w n L ig h t C o . an d n a m e ch a n g e d later as a b o v e .
Is a co n s o lid a tio n
o f th o D u B o is E le c . C o . a n d th o D u B o is T r a c . C o .
V . 76, p .9 7 2 .
F ran
chises fo r b o th street ra ilw a y a n d e le ctric-lig h tin g are p erp etu a l an d e x c lu s iv e .
T h o U n ite d T r a c tio n S t. R y . (w h ich is a co n s o lid a tio n in 1908 o f th e
U n ite d T r a c . S t. R y . a n d U n ite d T r a c . E x te n . S t. U R .) , w ith $ 2 0 0 ,0 0 0 o f
5 % b o n d s an d $20 0 ,0 0 0 s t o c k , w h ich o p e ra te s a lin e 14 m iles fro m D u B ois
to S yk e sv illo an d B ig R u n , is c o n tr o lle d a n d o w n e d b y sa m e in terests th a t
c o n t r o l th e D u B o is E le c . & T r a c . C o .
STOCK A N D BO N DS—
D a te.
In terest.
O utstanding. M a tu r ity .
S t o c k , $30 0 ,0 0 0 ($ 1 0 0 ).................................................
$ 3 0 0 ,0 0 0 ____________
C o lla t tru st m tg e , $ 3 0 0 ,0 0 0 / 1902
5 g M -N
2 9 7 ,0 0 0 M a y 1 1932
($ 5 0 0 ), g o ld _____________ c * \ ln t . a t K n ic k e r b o c k e r T r . C o . , N . Y . , T r u s .
Bonds.— N o sin kin g fu n d , b u t s u b je c t t o call a t a n y tiin o a t 105 a n d in t.
E A R N I N G S .— F o r y e a r e n d in g Ju n e 30 1912 (in cl. U n ite d T r a c . S t. R y .) ,
gro ss, $ 89 ,099 ; n e t, $27 ,4 3 8 ; ch arges a n d ta xes, $ 1 5 ,4 8 2 ; su rp lu s, $ 1 1 ,9 5 6 .
R O A D .— O perates 19 m iles (in clu d in g U n ite d T r a c . S t. R y .) in D u B o is ,
an d extensions t o Fall C r e e k , S yk e sv illo a n d t o B ig R u n , w h ere c o n n e c tio n
is m a d o w ith tra ck s o f th e J e ffe rso n T r a c tio n C o .
S ta n d a rd gau g e; 60 an d
7 0 -lb . gird er a n d T rail.
O F F I C E R S .— -P res., A u stin B lakesloe; V . - P . , W a lte r I la tt e n ; S e c . &
T r c a s ., M . I . M c C r e ig h t , all o f D u B o is .— V . 8 9 , p . 1667.
DUBUQUE, IOWA.
U N IO N E L E C T R I C C O . IN I O W A .— T r o lle y .
O R G A N I Z A T I O N .— In c o r p o r a te d in Io w a in 1900 as a c o n s o lid a tio n o f
th o H o m e E le ctric C o . , th e D u b u q u e S treet R y . a n d th e S tar E le c tr ic C o . ,
w h ich co n s titu te th o en tiro ele ctric ligh t an d stre e t ra ilw a y p ro p e rtie s o f th e
c it y o f D u b u q u e , Io w a . F ranchises m a tu re 1927. O n th o o n e -m ile e x te n
sion o n W e s t L o c u s t S treet fra n ch ise is fo r 25 years fro m 1913.
STOCK A N D BO N DS—
D a te.
In terest. O utstanding.
M a tu r ity .
4 Q -J
$80 5 ,0 0 0
Seo tex t
C o m m o n , $ 1 ,0 0 0 ,0 0 0 ($ 1 0 0 ).............
P re fe rre d , $ 1 ,0 0 0 ,0 0 0 ($100)
6 % c u m _____________________ ______
m o n th ly
8 0 7 ,0 0 0
See tex t
F irst m o rtg a go $98 0 ,0 0 0 g o ld ] 1904
5 g M -N
8 7 5 ,0 0 0 M a y 1 1924
($1,000) ......................_ . c * t f l i n t , a t I . T r . & S a v . B k ., C h ic a g o , T r u s t e e .
B o n d s s u b j. t o call a t 105 an d in t. Sinking fu n d o f $ 1 5 ,0 0 0 p e r a n n u m
b egan A p ril 30 1908. $ 9 0 ,0 0 0 h a v e b e e n r e tire d .
D ividends.— M o n t h ly d iv s . o f A % o n prof, h a v e been p a id sin ce J u ly
1907.
O n c o m ., firs t d i v ., 1 % , p a id J u ly 1911; sam o ra te has been p aid
q u a rte rly s in ce .
E A R N I N G S .— -For c a l. y e a r 1913, g r o s s , $ 4 7 1 ,2 5 1 : n e t, a fte r t a x e s ,
$ 1 9 1 ,6 2 0 . In 1912, g ro ss, $ 4 4 2 ,9 4 8 ; n e t , a ft e r ta x e s, $ 1 7 4 ,2 9 1 .
R O A D .— O tfu s an d op erates 18.7 m ilos o f tra ck o n \ \ A m iles o f street in
D u b u q u e , W e s t D u b u q u e an d t o U n ion a n d N u t w o o d p a rk s, also t o E a g le
P o in t P a rk o p e n o d in 1912, a n d has c o n t r a c t w ith th o c it y fo r s u p p ly in g
e lectric ligh ts. A ls o su pplies lig h t a n d p o w e r t o E a s t D u b u q u e , 111. A
o n o -m ilo e xten sion o n W e s t L o c u s t S t. c o m p le te d in 1913.
O F F I C E R S .— P r e s ., F . D . S to u t, C h ic a g o ; V . - P . , D . D . M y e r s ; S ec. an d
T r c a s ., J . II. L in d s a y , R a ilw a y E x ch a n g e , C h ic a g o ; G e n . M g r ., E . M .
W a lk e r .— V . 7 1 , p . 264 3; V . 8 4 , p . 1553; V . 8 6 , p . 983.
DULUTH, MINN.
D U L U T H -S U P E R I O R T R A C T I O N .— T r o lle y .
O R G A N I Z A T I O N .— In c o r p o r a te d in C o n n e c tic u t in 1897. O w ns entire
s t o c k o f th o D u lu th S treet R y ., th o L a k esid e Street R y . an d th e S u p erior
R a n id T ra n sit
T h e c o rp o ra te existen ce o f th o D u lu th S treet R y . is m a in
ta in e d . b u t all o f its s to c k ($ 2 ,0 0 0 ,0 0 0 a u th o riz e d , $ 1 ,8 0 0 ,0 0 0 ou tsta n d in g )
is h eld b y th o D u lu th -S u p e rio r T r a c tio n . T h is la tte r c o m p a n y has n o
b o n d o d d e b t . T h o D u lu th Street R y . w as organ ized u n d er A c t o f M in n e
s o ta a p p ro v o d N o v . 17 1881 and possesses “ an exclu sive fra n ch ise w h ich
runs u n til 1931. See d ecision w ith regard t o fra n ch ises in S u p erior in V . 80,
p . 1911. T h e D u lu th -S u p o rio r B rid ge b otw oen D u lu th , M in n ., a n d S u p er
io r, W is ., is used b v th e railw ay b u t is a separate c o r p o r a tio n , and has issued
first m tg o . b o n d s fo r $65 0,00 0 an d se co n d m tg o . b o n d s fo r $ 3 0 0 ,0 0 0 — see
brid g e item s. V . 63, p . 310 , 504. In 1903 en tered Into c o n tr a c t w ith tho
G ro a t N o rth e rn P o w e r C o . t o s u p p ly s u fficie n t p o w e r t o op e ra te th o s treet
railw ays in b o th citios. T h o d e liv e ry o f p o w e r w as begu n in 1908.
Reduced Rates Ordered.— In N o v . 1912 th e W isco n sin R R . C o m m , ord ered
th o D u lu th S t. R y . to establish a rate o f 6 tick e ts fo r 2 5 c. o n its S u p erior
lin os, in a d d itio n t o th e 5 -ce n t cash fa ro n o w in fo rc e .
V . 9 5 , p . 1472.
A n app eal has been ta k e n .
, , , ,
0 ^ _
Strike.— A strike on lines o f th e D u lu th S t. R y ., w h ich b egan o n S ep t. 9
1912 w as declared o f f o n N o v . 6, th e c o m p a n y h a v in g w o n o u t c o m p le te ly .
V . 9 5 ' p . 1206, 1331.
Interest. O utstanding.
M a tu rity.
STOCK A N D BON DS—
D ate.
Q -J
$ 3 ,5 0 0 ,0 0 0 Jan '1 4, 1 %
C o m m o n , $3,5 0 0 ,0 0 0 ( $ 1 0 0 ) - - ------Q -J
1 ,500,000 Jan ’ 14, 1%
P r e f 4 % c u m ,$ l,5 0 0 ,0 0 0 ( $ 1 0 0 ) ------5 g M v& N -,n 2 ,5 0 0 ,0 0 0 M a y 1 193
D u lu th St R y M , $ 2 ,5 0 0 ,0 0 0 . 1900
--------g o ld ($ 1 ,0 0 0 )____________ c * \ ln t . a t C e n t. T r u s t C o . , N . Y . , T ru s te e .
D u l St R y gen M $ 2 ,5 0 0 ,0 0 0 ,/ 1910
5 M -N
812 ,000 M a y 1 1930
g o ld ($1,000) sk f d .......... c * \ I n t. a t C en tral T r . C o . , N . Y . T r u s te e .
Stock.— B o th c o m . and p re f. aro listed o n N . Y . S to c k E x ch . V . 90, p . 848 .
Bonds.— T h o m tgo. o f 1900 c o v e r s a ll th o m ileage o f th e D u lu th S trcot R y .
th e p r o p e r ty o f th e L a keside S t. R y . a n d o f th o S u p erior R a p id I r a n s i t
h a v in g first been c o n v e y e d t o the D u lu th S t. R y . T h o gen . m tg e . b o n d s are
s u b j. t o call on a n y in t. d a y a t 105 and in t.
R em a in in g b o n d s m a y be
issued fo r a d d itio n s , exten sion s, & c. T h e y are g u a r ., p. & i ., b y D u l.-S u p .
T ra ct. C o .
V . 90, p . 1296; V . 91, p . 276: V . 92. p . 186.
. ^
D ividends.— O n th e p re f. s to c k 4 % p . a. is be in g p aid. O n c o m ., 1st d iv .
— 1 % — O c t . 1909. Sam o a m o u n t q u a r. t o an d in cl. J u ly 1910; in O c t .
1910, \ lA % »
Sam o a m o u n t qu a r. t o and in cl. A p ril 1913. In J u ly 1913
r e d u ce d t o 1 % ( V . 96, p . 1772); O c t ., 1 % ; in 1914, J a n ., 1 % .
R O A D .— T h o sy ste m em braces 82 .4 3 m iles o f tra ck a n d in clu d es all th e
lines in D u lu th an d S u p erior. 125 cars.
R E P O R T .— F o r calendar years (re p o rt fo r 1912 In V . 96, p . 122 4):
Gross
N et D ep re- I n t. A
P f.D iv . C om .D iv. Balance,
Y ear— ■E a rn in g s.
E arn s, cia tion . Taxes.
(4 % ).
1 9 1 2 -.$ 1 ,0 8 3 ,2 5 9 $45 3,07 2 $70 ,114 $219,296 $ 6 0 ,0 0 0 $ 1 7 5,00 0 d o f.S 7 1 ,3 3 8
1 9 1 1 -- 1.135,300
5 2 7 ,1 6 4 58,288 208,161
6 0 ,000 175,000
25,7 1 5
In 1912 carried 2 1 ,1 3 2 ,0 0 3 reven u e an d 3 ,7 1 6 ,6 1 9 transfer passengers,
again st 2 2 ,1 8 6 ,9 3 0 reven u e and 3 ,787,791 transfer in 1911.
O F F I C E R S .— P ro s., C . G . G o o d r ic h ; V .- P ., A . E . A m o s; V .- P . & G en .
H erb ert W arren ; S ec. & T r e a s ., S. L . R e ich e rt; A sst. S e c ., E d m u n d
Z a c h e r .— V . 92, p. 186, 876; V . 93, p . 666: V . 9 4 , p . 345 ; V . 9 j , p . 1206.
1331, 1472: V . 96, p . 716 , 1224, 1700. 1772.
48
[Vol .
ELECTRIC RAILWAYS
X C V III.
B on d s.— A sin k , fu n d o f 1 0 % o f n e t earns, is n o w o p e r . o n N o r t h a m p to n
EAST LIVERPOOL, OHIO.
T r a c . 1st M . b o n d s , b u t b o n d s ca n n o t b e ca lle d . N o r t h a m p .-E a s t . & W a sh
T R I -S T A T E R A I L W A Y & E L E C T R IC C O .
T r a c . b o n d s are c a lla b le , In w h o le o r in p a r t, o n o r a fte r M a y 1 1915 u n til
R eceivership.— O n M a r . 18 1913 R . G . R ich a rd s o f S te u b e n v ille a n d W . R • 1925 a t 110; th e re a fte r u n til 1935 a t 107 X\ th erea fter u n til m a tu r ity a t 105
W . G r iffin o f E a s t L iv e r p o o l w ere a p p o in te d re ceivers b y Ju d ge D a y o f th e
a n d Int. M t g o . is c lo s e d . S in k , fu n d 1 % a n n u a lly o f a v g o . a m o u n t o f all
b o n d s o u t fr o m 1915 t o 1925; 1 X % t o 1940 a n d 2 % th e re a fte r. B o n d s
F e d e ra l C o u r t In C le v e la n d , o n a p p lica tio n m a d e b y th e B a n k ers T r u s t C o . ,
m o r tg a g e tru stee. T h e receivers w ill o p e ra te th e pro p e rtie s o f t h e E a s t a re u n c o n d itio n a lly g u a r ., p . & i . , b y N o r t h a m p . T r . C o . (V . 9 2 , p . 7 2 6 ).
L iv e r p o o l T r a c . & L t . C o . an d th e S te u b e n v ille & E a s t L iv e r p o o l R y . & L t .
E A R N I N G S .— C o m b in e d earnings fo r y e a r e n d in g O c t . 31 1913 gross
C o . T h e receiversh ip w ill n o t . It is s ta te d , a ffe c t th e o p e ra tio n o f th e e lec $ 1 8 6 ,6 8 7 ; n e t . a fte r ta x e s , $ 8 0 ,6 5 4 .
’ K
t r ic lig h t a n d r a ilw a y c om p a n ie s In P e n n , a n d W . V a ., c o n tr o lle d th ro u g h
O A D .— T h o N o rth a m p to n T r a c . C o . o p e ra te s 25 m iles o f tr a c k fro m
s t o c k ow n ersh ip (see V . 9 3 , p . 1 6 5 ). I t Is u n d e rs to o d th a t a pla n Is b e in g E aRs to
n
t
o
T
a
ta
m
y
a
n
d
fr
o
m
T
a
ta
m
y
t
o
N
a
z
a
r
e
th
an
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B
a
n
g
o
r
,
c
h
ie
p r e p a r e d b y b on d h old ers a n d c re d ito rs fo r a frie n d ly re o rg a n iz a tio n .
V . 9 6 , p r iv a te r ig h t -o f-w a y , w h ile th e N o r th a m p to n E a s to n & W a s h . T r a cflyCon>
o.
p . 864 .
o p e ra te s 17 m iles o f tra ck fr o m P h illip s b u rg , N . J . , t o W a s h in g to n , N . J .
O R G A N I Z A T I O N .— I n c o r p o r a te d in O h io . Is a c o n s o lid a tio n o f th e T o t a l, 42 m ile s o f tr a c k o p e r . S ta n d a rd g au g e; 6 5 , 70 a n d 8 0 -lb . steel rail
fo llo w in g co m p a n ie s (V . 9 3 , p . 165):
O F F I C E R S .— P r e s ., D a v id K in g ; T r e a s ., W m . L . D o y le : G e n . M g r
B e a v e r C o u n t y (P a .) L ig h t C o .
|S te u b e n v ille W e lls b u r g & W e ir to n W . O . H a y .— V . 9 2 . p . 726; V . 9 4 , p . 1384.
’
M id la n d (P a .) E le c . L t . & P o w . C o .
R y . C o . (W . V a .) .
S teu b en v .& W e lls b . T r a c . C o . (O h io ) | W e l l s b . E l . L t . , l I t . & P . C o . ( W . V a .)
L ea ses fo r 999 years th e E a s t L iv e r p o o l T r a c . & L t . C o . a n d th e S te u b e n
EAST ST. LOUIS, ILL.
v ille & E a s t L iv e r p o o l R y . & L t . C o . (O h io ) an d c o n tr o ls th e O h io R iv e r
E A S T S T . L O U IS & S U B U R B A N C O .— T r o lle y . (See m ap o n p a g e 4 9 .)
P a ssen ger R y . C o . th rou gh lease t o S te u b e n v . W e lls b . & W e irto n R y . fo r 90
R E O R G A N I Z A T I O N , & C .— A s p er plan in “ C h r o n ic le " o f D e c . 20
y e a rs . T h o leases o f the S te u b e n v ille & E a st L iv e r p o o l R y . & L t . C o . an d
th e O h io R iv e r P ass. R y . m a y b e term in ated o n co n d itio n s expressed In 1913, p . 1822, th is c o m p a n y w as r e -in c o r p o r a to d J a n . 7 1914 in D o la w a re.
leases. T h e earnings o f th e leased co m p a n ie s , a fter p a y in g all fix e d c h a r g e s , I n p la ce o f th e $ 7 ,0 0 0 ,0 0 0 p r e f. a n d $ 7 ,0 0 0 ,0 0 0 c o m . s t o c k o u ts ta n d in g
a re d istrib u ta b le on s t o c k o f T r i-S t a t e R y . & E le c . C o . , o n an agreed basis, o f th e old c o m p a n y , th e now c a p ita liz a tio n w ill b e as fo llo w s : 6 % 5 -y c a r
p rio r t o d is trib u tio n o n s to ck s o f leased co m p a n ie s. T h e c o m b in e d c o m c o n v e r tib le b o n d s , $ 2 ,0 0 0 ,0 0 0 ; 5 % c u m . p r e f. s t o c k , $ 6 ,0 0 0 ,0 0 0 ; c o m m o n
pan ies ow n a n d o p era te ele ctric ra ilw a y s, ele ctric lig h tin g an d p ow er plants s t o c k , $ 6 ,0 0 0 ,0 0 0 . T h e $ 2 ,0 0 0 ,0 0 0 b o n d s (p a r t o f an Issue o f $ 3 ,0 0 0 ,0 0 0 )
a lon g th e O h io R iv e r In O h io , P e n n a . an d W e s t V a ., a n d th e r ailw ay suspen w ill b e c o n v e r tib le u p t o J u ly 1 1918 in to an eq u a l a m o u n t o f 6 % c u m . p ref.
s t o c k a n d also 33 1 -3 % c o m m o n s t o c k . T h e 5 % p r e f. shares m a y b e ex
sion b rid g e b etw een E a st L iv e r p o o l a n d C h ester, W . V a ., a n d co n tr o l
th ro u g h s t o c k ow n ersh ip , th e r a ilw a y brid g e betw een S te u b e n ville an d c h a n g e d h a lf in to 6 % c u m . p r e f. (ta k in g p r e c e d e n c e o v e r th e 5 % jp r e f.)
M id d le F e r r y , W . V a . T e r r ito r y s erved exten ds fro m W e llsb u rg , W . V a ., a n d h a lf In to c o m m o n s t o c k . See also V . 9 7 , p . 1822; V . 9 8 , p . 155, 304 .
T h e old E a s t S t. L o u is & S u b u rb a n C o . in A p ril 1906 a b s o r b e d th o A lto n
u p th e O h io R iv e r t o R o c h e s te r an d B e a v e r , P a ., a d ista n ce o f 60 m iles.
A t R o c h e s te r co n n e c ts w ith e le ctric ra ilw a y servin g th a t te rrito ry a n d a t G ra n ite & S t. L . C o . I t ow n s all th e s to c k e x c e p t d ir e cto r s ’ shares a n d all
W e lls b u r g w ith line ru n n in g t o W h e e lin g an d o th e r W e s t V irgin ia p o in ts . b o n d s o f E a s t S t. L o u is R y . C o . , th e S t. L . & E a st S t. L . E le c . R y . C o .
a n d th e E a s t S t. L o u is & S u b u rb a n R y . C o .; all th e s t o c k o f th e A lt o n
F ran ch ises ran ge from 25 years t o p erp etu al.
In J u ly 1911 M u n ic ip a l & G eneral S ecurities C o .. L t d ., L o n d o n , o ffe r e d G ra n ite & S t. L . T r . C o . , th e A lt o n G a s & E l. C o . , th e E a s t S t. L . L t . & P .
a b lo c k o f 1st M . a n d c o ll, trust b o n d s a t 9 5 % , w ith a bon u s o f 2 0 % c o m . C o .; also all th o b o n d s o f S t. L . & B e lle v illo E l. R y . C o . T h e se co m p a n ie s
o w n a n d o p e r a te all e le ctr ic r a ilw a y lines In E a st S t. L ou is a n d A lt o n an d
s t o c k . V . 9 3 , p . 165. P r e f. s to c k w as so ld a t $90 p e r $100 sharo.
STO C K A N D BON DS—
D a te.
In terest.
Outstanding. M a tu r ity . in te ru rb a n lines t o B e lle v ille , E d w a r d s v llle , C o llin sv ille , C a s o y v illo , O 'F a l
$ 2 ,0 0 0 ,0 0 0 ....................... lo n , L e b a n o n , B r o o k ly n , V e n ic e , M a d is o n , G ra n ite C it y an d A lt o n , an d t h e
C o m m o n , $ 2 ,0 0 0 ,0 0 0 .....................................................
o n ly e le ctric line a cross th e E a d s B rid g e — th o la tte r und er a 5 0 -y c a r e xclu s
P r e f, $ 1 ,0 0 0 ,0 0 0 ($100) 6 % ________
5 75 ,800 ____________
F irst an d c o ll tru st m tg o , $2,-1 1911
6 A -O
6 68 ,000 A p r 1 1950 iv e c o n tr a c t fro m 1902 t o o p e r a te ca rs o v e r this b rid g o . T h ro u g h arran ge
5 0 0 ,0 0 0 ,
g o ld , sin kin g fu n d \ In t. a t B a n k ers T r . C o . ,N .Y .,T r u s .,o r L o n dm. e n t w ith Illin ois T r a c . C o . th e in te ru rb a n ca rs fro m A lt o n are run in t o
their term in al In S t. L o u is .
T h e E a s t S t. L o u is L t . & P o w . C o . d o e s e n tire
U n d e rly in g b o n d s (a b o u t )____ ______
1 ,5 00,000 ____________
e le ctric ligh tin g a n d p o w e r business in E a s t S t . L o u is and has a c o n tr a c t
Stock.— P referred s to c k d iv id e n d s are c u m u la tiv e fro m Jan . 1 191 3.
w ith th e c it y fo r m u n icip a l lig h tin g u n til 1920. A lt o n G a s & E le c . C o . d oes
B onds.— O f the unissued 1st & c o ll, tru st b o n d s , $ 33 2,00 0 a re fo r co r p o r a te e n tire e le ctric lig h t, p o w e r a n d gas business in A lt o n an d has a c o n tr a c t f o r
p u rp oses a n d $ 1 ,5 0 0 ,0 0 0 fo r im p ts ., exten sion s, & c ., und er certa in re stric m u n icip a l ligh tin g. A largo c o a l business is a ls o ca rried o n .
tio n s . S u b je c t t o ca ll on o r a fte r A p ril 1 1916 a t 105 an d in t. o n 6 0 d a y s ’
Fran ch ises in E a s t S t. L o u is , E d w a r d s v lllo , C o llin sv ille , C a s e y v llle ,
n o t ic e . Sinking fu n d o f 1 % p er ann um o f b o n d s o u t , begins D e c . I 1915. O ’ F a llo n , B elle v illo a n d L e b a n o n exp ire in 1947, 1948 and 1952, w ith th e
B o n d s are listed o n L o n d o n S to c k E x ch a n g e .
V . 9 4 , p . 69.
e x c e p tio n o f fiv e m iles In B elle v illo e xpirin g In 1919.
T h e A lto n railw ay
R O A D .— C o m b in e d p r o p e r tie s co n sist o f a b o u t 115 m iles o f sta n d a r d e le ctric-lig h t a n d p o w e r fra n ch ises expire in 1948; th e A lto n gas fra n ch ise Is
p erp etu a l; G ra n ite C it y a n d M a d is o n fra n ch ises expiro in 1925; V en ice
g a u g o sin gle tr a c k .
n ch ise In 1920, B r o o k ly n fra n ch ise In 1921. T h e in teru rb an line t o A l
O F F I C E R S .— P r e s ., J . H . P a rd e e , N e w Y o r k ; V . - P . , E d w a r d M c D o n fra
t o n , o u ts id e o f c it y lim its, is e n tire ly o n p r iv a te rig h t o f w a y . C o u n t y
n e ll, E a s t L iv e r p o o l; T r e a s ., I t. B . M a r c h a n t, N e w Y o r k ; S e c ., T . W - fra n ch ises co v e r in g rem ain in g s u b u rb a n lines e x p iro fro m 1919 t o 1948.
M o ff a t t , N e w Y o r k ; G e n . M g r ., W . R . W . G r iffin .— V . 93. p . 165: V . 94
E le c tr ic lig h t an d p o w e r fra n ch ise In E a s t S t. L o u is expires 2008.
p . 69; V . 9 6 . p . 864.
O f th e s to ck s a n d b o n d s o w n e d , th e fo llo w in g h a v e been d e p o site d w ith
th e S t. L o u is U n io n T r u s t C o . as colla tera l fo r th o E a s t S t. L o u is & S ubur
(1) E a s t L i v e r p o o l T r a c t i o n & L i g h t .
b a n C o . co lla te ra l tru st b o n d s. T h e figu res g iv e n c o v e r th o e n tire issues
L ease.— Is leased t o T r i-S t a t e R y . & E le c . C o . fo r 999 y e a rs . V . 9 3 , p . o f b o n d s a n d all s to c k e x c e p t th a t o f S t. L o u is & B e lle v ille E le c . R y ., 250
163. A s t o o p e r a tio n b y r e c e iv e r , see a b o v e a n d V . 9 6 , p . 864 .
shares o f E a st S t. L o u is & S u b u rb a n R y . anti shares n ecessary t o q u a lify
O R G A N I Z A T I O N .— I n c o r p o r a te d in O h io o n S e p t. 30 1905 a n d is a d ire cto rs; also e x c e p t $ 2 3 8 ,0 0 0 E a s t S t. L o u is L ig h t & P o w e r C o . b o n d s.
Bonds.
Stock.
c o n s o lid a tio n o f th e fo llo w in g co m p a n ie s (see V . 8 1 , p . 179 1):
C e ra m ic C it y L ig h t C o .
G la s g o w R R .
E a s t S t. L o u is & S u b u rb a n R y . C o _________________ $ 3 ,8 3 4 ,0 0 0 $ 3 ,8 2 4 ,3 0 0
C h ester L ig h t & P ow er C o .
E a s t S t. L o u is R y . C o ...........................- .......................... - 1 ,7 9 9 ,0 0 0
1 ,8 0 5 ,5 0 0
Isla n d R u n C o a l C o .
E a s t L iv e r p o o l R y .
5 0 0 ,0 0 0
4 9 9 ,5 0 0
P e o p le ’s L ig h t & P o w e r C o .
S t. L o u is & E a s t S t. L o u is E l. R y . C o ....................
E a s t L iv e r p o o l B rid g e C o .
S t. L o u is & B ello v ille E l. R y . C o ........ ............................
U n ite d P o w e r C o .
7 5 0 ,0 0 0
.............
E a s t L iv e r p o o l & R o c k S p g s. S t. R y . W e lls v lllo E le c tr ic L ig h t C o .
E a st S t. L o u is L ig h t & P o w e r C o ____________________
_______
7 3 3 ,2 0 0
|T h o R o c k Springs P a rk .
E a s te r n O h io R R .
$ 6 ,8 8 3 ,0 0 0 $ 6 ,8 6 2 ,5 0 0
STO C K A N D BO N DS—
D a le .
In terest. O utstanding.
M a tu rity .
Power.— E a rly In 1913 m a d e c o n t r a c t w ith M ississip p i R iv e r P o w e r C o .
C o m m o n , $ 2 ,5 0 0 ,0 0 0 ($ 1 0 0 )________
________
$ 2 ,5 0 0 ,0 0 0 .............
fo r s u p p iy o f h y d r o -e le ctr ic p o w e r fro m K e o k u k fo r s tro e t r a ilw a y , ligh t
PH
r oU.,
f ., U
5%
n . c . , $ 5 0 0,00 0 ( $ 1 0 0 ) ------X
/O U.V.,-POUU,UUU
------------50 0 ,0 0 0 ------------------F irst m t g e ., $ 3 ,0 0 0 ,0 0 0 , g o ld ! 1905
5 g M -N
2 ,8 5 0 ,0 0 0 N o v 1 1925 a n d p o w e r p u rp o se s.
T h e c a p ita liz a tio n o f t h e E a s t S t. L o u is & S u b u rb a n C o . Is as fo llo w s :
($ 1 ,0 0 0 ). .................... ........... c / I n t . a t U n io n T r u s t C o ., P itts b u rg h , T ru s te e
STO CK A N D BON DS—
D a te.
In terest. O utstanding.
M a tu r ity .
E a s t L iv e r p o o l R y firs t m t g e ............ ..
5%
150 ,000 Ju n e 1 1917
C
o
m m o n , $ 6 ,0 0 0 ,0 0 0 ($ 1 0 0 )________
___________ S ee te x t
------------------B on ds.— O f th e $ 3 ,0 0 0 ,0 0 0 fir s t m o r tg a g e o f 1905, $ 15 0,00 0 are rese rv e d
F irst p r e f, 6 % c u m . ..............................
..................... See te x t
t o retire lik e a m o u n t o f E a s t L iv e r p o o l R y . b o n d s . A r e s u b je c t t o ca ll o n
Feb T 4 , I X
P r e f, $ 6 ,0 0 0 ,0 0 0 ($100) 5 % l ..................- ................. See te x t
a n y in terest d a te a t 105.
c u m _________________________ J
_
R O A D .— O w n s a n d op e ra te s 3 5 .8 5 m iles o f tra ck in a n d b e tw e e n E a s t C o n v e r t b o n d s . S 3 .0 0 0 .0 0 0 -- - 1914
See te x t
Jan 1 1919
6%
L iv e r p o o l a n d W ells v illo . S ta n d a rd g a u g e , 7 3 -lb . girder a n d T rail
At
1,000, $50 0 & $ 1 0 0 )__ /
W e lls v ille c o n n e c ts w ith th o S te u b e n v ille & E a s t L iv e r p o o l R y . & L ig h t C o
____
„5 g
„ A
____
8 ,0 0 0 ,0 0 0 A p ril 1 1932
1902
-O
C o lla te ra l trust m o rtg a g e $ 8 ,
a n d a t E a s t L iv e r p o o l w ith th e O h io R iv e r P a ss. R y . B y t r a ffic a g r e e
00 0 ,0 0 0 g o ld ($ 1 ,0 0 0 )___ c * In te re st a t S t. L o u is U n io n T r . C o . , T ru s te e .
m e n ts w ith th ese tw o co m p a n ie s o p e ra te s a th r o u g h lin e b e tw e e n S to u b e n o r a t E . W . C la r k & C o ., P h ila d e lp h ia .
v llle , O ., a n d B e a v e r , P a . 55 ca rs.
5 g F -A
2 ,3 7 6 .0 0 0 A u g 1 1944
A G & S t L o u is T r a c C o 1st 1904
O F F I C E R S .— P res. & T r e a s ., E d w a r d M c D o n n e ll, E a s t L iverp ool*
c o n s o l M , $ 3 ,0 0 0 ,0 0 0 g o ld I n t . a t Illin o is S ta te T r . C o . , E a st S t. L o u is ,
T r u s te e , o r a t N a tio n a l C it y B a n k , N . Y
V . - P . , C . A . S m ith . C h este r, W . V a .; S e c ., G o o . H . F a u lk ; G e n . M g r W
( $ 1 ,0 0 0 ) ______ _______„ C *
1895
5 g A -O
25 0 ,0 0 0 O c t . 1 1915
R . W . G r iffin .— V . 8 1 . p . 1791; V . 8 2 , p . 804 ; V . 9 0 , p . 1490; V . 9 3 , p . 163! A lto n R y & Iliu m first m tg e
$ 25 0,00 0 g o ld ( $ l , 0 0 0 ) - - c * . In te re st a t M a n h a tta n T r u s t, N . Y . , T ru s tee
(2) Steubenville & East Liverpool Railway & Light Co.
1899
5 g A -O
2 50 ,000 O c t . 1 1939
A lto n R y G as & E le c tr ic C o
m o r tg a g e $ 5 0 0,00 0 ( $ 1,000) - I n t . a t T r u s t C o . o f A m e r ic a . N . Y . , T ru s te e .
L ea se.— Is leased fo r 999 y ears to T r i-S ta te R y . & E le c . C o . V . 9 3 , p .1 6 5 .
N o sin k in g fu n d ; b o n d s c a n n o t b o c a lled .
g o l d ........ ................................ c *
A s t o o p e r a tio n b y r e c e iv e r , see a b o v e a n d V . 9 6 , p . 864 .
1910
5 J -D
2 38 ,000 Ju n e 1 1 9 4 0
E a st S t L L t & P o w 1st M
O R G A N I Z A T I O N .— I n c o r p . in O h io A p ril 1906 as s u ccessor t o t h e S te u g , g u ar p & 1 ( $ l , 0 0 0 ) - . c * I n t . a t M e r ca n tile T r . C o .. St. L ou is, T r u s te e
b e n v illo T r a c . & L ig h t C o ., w h ich in Jan . 1901 h a d ta k e n o v e r th o S teu b en
Bonds.—
C
o
ll,
tru
st
b
o
n
d
s
aro
re
d
e
e
m
a
b
le
o
n
a
n
y
in t. d a y a t 105 an d
v ille G a s & E le c . C o . a n d th o S te u b e n v ille T r a c . C o . O w ns th e P leasan t
H e ig h ts lin o. L ig h t fra n ch ises p erpetu al; s treet ra ilw a y fra n ch ises exp ire Int. on 4 w eek s’ n o t ic e . See V . 7 6 . P- 3 8 2 . T h o c o n v e r tib le 5s a re co n v e r t
ib le a n y tim e b e fo r e J u ly 1 1918 in to a n eq u a l a m o u n t o f 6 % c u m . p r e f.
1925 t o 1928. B o n d s listed o n th e P h ila d e lp h ia S to c k E x ch a n g e .
s to c k a n d In a d d itio n 33 1 -3 % in new c o m m o n s t o c k . O f th e $50 0 ,0 0 0
STO CK A N D BON DS—
D a te .
In terest. O utstanding.
M a tu rity .
A lt o n R y ., G a s & E l. C o . b o n d s , $ 2 5 0 ,0 0 0 are reserved fo r p rior lien s. O f
S t o c k , $ 3 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) - - . - — _____
$ 3 ,0 0 0 ,0 0 0 . . . . . . . . 1 th e A lt . G ra n . & S t. L . T r a c . 1st co n s o ls , $ 5 0 0 ,0 0 0 are reserved t o tak e u p
F irst m o r tg a g e , $ 3 ,0 0 0 ,0 0 0 ! 9 ° 7
S J- J
2 ,2 1 0 ,0 0 0 Jan 1 1927 p r io r b o n d s. T h e rem ain in g $ 1 2 4 ,0 0 0 b o n d s are fo r exten sion s a n d Im
($ 1 ,0 0 0 ), g o l d
.................c I n t . a t C o m m e rcia l T r . C o ., P h ila ., T r u s te e . p ro v e m e n ts . T h e y aro also a lien o n th o p r o p e r ty o f th e A lto n G as Sc E le c .
S teu b en T r a c & L t 1st m tg e ,
5 g M -N
7 9 0 ,0 0 0 M a y l 1926 C o ., w h ich w as o w n e d b y th o A lto n G ra n ite & S t. L . T ra c. C o ., w h en th e
$ 1 ,0 0 0 ,0 0 0 ($ 1 ,0 0 0 ), g - - c * In t. a t M e tr o p o lita n T r . C o ., N . Y . , T r u s te e m tg o . w as m a d e . N o sin k in g fu n d s, b u t b o n d s are s u b je c t t o ca ll on a n y
L a st S t. L . L t . & P o w . b o n d s
B on d s.— O f th o now $ 3 ,0 0 0 ,0 0 0 b o n d s, $ 7 9 0 ,0 0 0 are reserved t o retire In t. d a te a t 110 an d In t. u p o n 90 d a y s ' n o tice .
p r io r lion s. C a n n o t b e c a lle d . S teu b en ville T r a c . & L ig h t b o n d s are aro g u a r ., p . & 1., b y e n d ., b y E a st S t. L o u is & S u b . G o ., c a lla b le a t 105 and
g u a ra n te e d , p rin cip a l a n d in te re s t, b y A m e rica n G a s C o .
in t. o n 30 d a y s ’ n o tice . A u th . Issuo u n lim ite d , b u t ad d itio n a l b o n d s aro
R O A D .— O w n s a n d op e ra te s 4 1 .0 4 m iles o f tra ck in an d b e tw e e n Steu Issuable o n ly fo r 8 0 % o f t h o c o s t o f a d d ’ns a n d im p ts , an d then o n ly w hen
b e n v ille a n d T o r o n t o , th e n ce t o W e lls v ille . 8 5 -lb . rail.
17 clo s e d a n d 14 n e t earns, are a t least I X tim es Int. ch a rg e o n b o n d s o u t as w ell as th ose t o
. ,
o p e n ca rs. A ls o ele ctr ic -lig h t a n d gas plan ts an d p leasure p a rk o f 8 5 a cre s. b e Issued.
D ividends on Old Stock.— 5 % p e r a n n u m w as p a id q u a rte rly o n p r e f. fro m
O F F I C E R S .— P res. & T r e a s ., E d w . M c D o n n e ll; S e c ., G e o . II Faulk* Its Issue M a y 1 1906 up t o a n d in clu d in g N o v . 1913. O n now p r e f. 1 X %
G e n . M g r ., W . R . W . G r iffin .— V . 9 3 , p . 165.
’ p a id F e b . 1914.
R E P O R T ( o f o p e ra tin g c o m p a n ie s ).— F o r y e a r e n din g Ju n e 3 0 191 3,
(3) Ohio River Passenger Ry.
L ea se.— Is leased t o th e S te u b e n v ille W e lls v ille & W e irto n R v C o fo r gross, $ 2 ,5 6 5 ,1 5 4 : n e t, a fte r ta x e s, $ 1 ,1 3 8 ,0 6 3 ; in t ., $58 4,43 2; p r e f. d i v .,
$35
0,00 0; b a l., $ 2 0 3 ,6 3 1 . In 1912, g /o s s , $ 2 ,3 3 6 ,2 8 3 ; n e t, a fte r ta x e s ,
9 0 y e a rs .
J
$ 1 ,0 3 7 ,6 9 2 ; in t ., $56 3,41 0; p r e f. d i v ., $3 5 0 ,0 0 0 ; b a l., $12 4,28 2.
O R G A N I Z A T I O N .— In c o r p o r a te d in P e n n sy lv a n ia .
R O A D .— O perates 187.5 m iles o f sin gle tra ck ( o f w h ich 4 .8 o p e r. u n d er
tra ck a g e ag re e m e n t).
H as 153 passen ger ca rs , 810 c o a l ca rs, 2 e le ctric
s^
0 £iKn n ™ ™ B£ i £ P S—
D a le I n terest- Outstanding.
M a tu rity .
an d 2 steam lo co m o tiv e s .
, , „
_ ___
S t o c k , $ 1 ,0 0 0 ,0 0 0 ($ 5 0 )............. ...................................
$ 1 ,0 0 0 ,0 0 0 _
O F F I C E R S .— P re s ., O . M . C la rk ; V . - P . , E . W . C la rk ; S e c. & A s s t.
5 J -J
1 ,0 0 0 ,0 0 0 Jan’ l ’ 1957
F ir s t m tg e , $ 1 ,0 0 0 ,0 0 0 , g o l d . - 1907
T r e a s ., G . L . E s ta b ro o k ; T r e a s ., C . A . P earson J r .; A s s t. S e c ., T . W .
R O A D .— C o n n e c ts R o c h e s te r a n d B e a v e r , P a ., a n d E a st L iv e r p o o l O . G r e g o r y . O ffic e o r S u b u rb a n C o ., C a m d e n , N . J ., o p e ra tin g c o m p a n y a t
L e n g th o f lin e , 2 2 .4 8 m ile s.
E a s t S t. L o u is .— V . 8 3 , p . 271 , 687, 9 6 9 , 1170; V . 8 7 , p . 812 , 1089; V . 9 0 .
O F F I C E R S .— P res, a n d T r e a s ., E d w . M c D o n n e ll; S ec
A
B a ro n - n . 54; V . 9 1 , p . 397; V . 9 2 , p . 1032: 1242; V . 9 4 , p . 1311; V . 9 6 , p . 4 1 7 ;
G e n . M g r . W . I t. W . G r iffin , all o f E a s t L iv e r p o o l.
‘
’ V . 9 7 . p . 238, 1822. 1898; V . 9 8 , p . 7 3 , 155, 304 .
EASTON, PA.
EAU CLAIRE, WIS.
LIQHT & POWER CO.
CHIPPEWA VALLEY RAILWAY,
O R G A N I Z A T I O N .— In c o r p o r a te d in 1898 u n d e r th e law s o f W is c o n s in .
O w ns th e C h ip p e w a V a llo y E le c . R R . , in w h ich th o E a u C la ire L ig h t &
P o w e r C o . has been m e r g e d . C o m p a n y has su rren dered its E a u C la ir
lighting fra n ch ise a n d o p era tes u n d e r in d e te rm in a te p e rm it as t o lig h tin g .
Still h o ld s railw ay fra n ch ise .
_
O n J a n . 1 1911 a cq u ire d th e C h ip p e w a F ails W a t e r W o r k s & L t g . C o . an d
o n J u ly 1 1911 pu rch ased th e M e n o m in e e E L L t . & P o w . ( V . 9 2 , p . 1 8 6 ).
s .S & ? iF o $ w ) 5 ° o T D 3 ~ . .
In N o v . 1912 pu rch a sed th e S p rin g V a lle y L ig h t & P o w e r C o .
STO CK A N D BO N DS—
D a le .
In terest.
O utstanding.
M a tu rity.
C o m m o n . $ 1 ,5 0 0 ,0 0 0 ($ 1 0 0 )............................................ $ 1 .1 0 0 .0 0 0 J a n ., 14. 2 %
N orth ern T r a c rer & co n s M ...............
5%
nnn non Tan i in to
7 Q -M
165.000 N o v . ’ 1 3 ,lJ *
P r e f, 7 % c u m , $ 5 0 0 ,0 0 0 ( $ 1 0 0 ) ------N -E & W 1st M $ 5 ,0 0 0 ,0 0 0 g l 1910
5%
544 000 M a v l 1950
F irst m o r tg a g o , $ 2 ,0 0 0 ,0 0 0 ? 1907
5 J-J
1 ,4 5 5 ,0 0 0 J u ly 1 1 9 2 4
($ 1 0 0 ,$ 5 0 0 ,$ 1 ,0 0 6 ) s f .c * t f / B a n k e r s T 'rust C o . , N e w Y o r k , T r u s t e e . *
($ 1 ,0 0 0 ) g o ld ____________ c * \ I n t . a t H arris T r . Sc S a v . B k .. C h ic a g o , T r u s .
NORTHAMPTON TRACTION CO.
. i . 0 ^ G A N I Z A T I 0 N *— I n c o r p . in P e n n . O c t. 3 1902 as a c o n s o lid a tio n o f
t h e E a s to n & N a z a reth R y . an d E a s to n T a ta m y & B a n g o r S tro e t R v
O w n s p r a c tic a lly all the s to c k ($ 1 ,2 5 0 ,0 0 0 ) o f th o N o rth a m p to n E a s to n &
W a s h in g to n T ra ction C o . F ran ch ises p e rp e tu a l.
Bonds.— O f th e now .'52,000,000 b o n d s , $ 2 0 0 ,0 0 0 m a y b e issued fo r 7 5 %
o f c o s t o f exten sion t o M e n o m in e e ; rem a in d er ca n b o issued fo r 7 5 % o f
c o s t o f oth er p erm a n en t e x te n sio n s, a d d itio n s a n d im p ro v e m e n ts ,p r o v id e d
n et earnings fo r p reced in g y e a r h a v o been tw ice a n n u al in terest ch a rge s,
in clu d in g in terest o n b o n d s t o b e issu ed. A r e s u b je c t t o call o n an d a fte r
J u ly l 1912 at 105 a n d in te re st, .$750 p rio r lien s rem ain o u ts ta n d in g , b u t
as s u fficie n t p roceed s h a v o been set a sid e fro m salo o f o u ts ta n d in g b o n d s t o
retire th ese, w o o m it th em fro m th o s ta te m e n t. S in k in g fu n d b egin s 1913.
V . 8 5 . p . 1461.
D ividends.— D iv id e n d s o f \ % % e a ch are p a id o n p re f. q u a rte r ly . O n
c o m ., first d iv .— 2 % — p a id S e p t. 1909.
In 1910, M a y , 6 % % ,
In 1611,
J a n ., 5 % .
In 1912, J a n ., 7 % ; M a y , 2 % ; J u ly , 2 % ; O c t ., 2 % .
In 1913,
8% .
In 1914. J a n ., 2 % .
E A R N I N G S .— F o r y ea r e n d in g N o v . 30 1913, g ro ss, $ 4 3 6 ,8 9 5 ; n e t, a fte r
ta x es, $ 2 1 7 ,4 4 0 ; in t . o n b o n d s , $ 7 1 ,9 1 3 ; s u rp lu s, $ 1 4 5 ,5 2 6 .
R O A D .— O perates 2 2 U m iles o f ro a d in E a u C la ire a n d C h ip p e w a F a lls,
in c lu d in g an In teru rban lin o b e tw e e n th e m . O w n s a ll th e w a te r p ow ers
o n R e d C ed a r R iv e r a n d d o e s all e le ctr ic lig h tin g an d p o w e r business in
E a u C la ire , C h ip p e w a Falls, M e n o m in e e , E lk M o u n d an d A lto o n a , also
fu rn ish es cu rren t o v e r 4 0 -m ilo tran sm ission lin o t o R e d w in g G a s & E le ctric
C o . , w h ich serves R e d w in g , L a k e C it y a n d W a b a s h a , M in n .
O F F I C E R S .— P r e s ., O . I I . In g ra m ; V . - P . , J o h n S. O w en ; S e c. an d G e n .
M g r ., G e o . B . W h eeler; T r e a s ., B . A . B u ffin g to n ; A s s t. M g r .. A . E . P ierce
J r .— V . 85, p . 1209, 1461; V . 9 0 , p . 697 ; V . 9 1 , p . 1327; V. 9 2 , p . 186, 321.
ELMIRA, N. Y.
E L M IR A W A T E R . L I G H T & R A I L R O A D C O .— C o n tro lle d b y th e
U n ited G a s & E le c . C o .— See U n ited G a s & E le c . Corporation u nd er N . Y .
O R G A N I Z A T I O N .— I n c o r p . in N o w Y o r k M a y 26 1900 as a c o n s o lid a
tio n o f all th o w a te r, lig h tin g , p o w e r an d stre e t ra ilw a y p rop erties in E lm ira .
O w n s e n tire c a p ita l s t o c k or E im ira & S en eca L a k e T r a c . C o . (a lso all b o n d s
o f th is c o .) R o r ic k ’s G len Park A s s n ., and m a jo r it y o f s t o c k o f W est W ater
S t. U R . T h e la tte r c o m p a n y o p e r a te d u n d e r 9 9 9 -y e a r leases.
In A p ril
1913 it w as sta te d th a t all fra n ch ises h a v o a t least 72 years t o r u n , w hile
s o m o o f th em a re p erp etu a l. In F e b . 1910 w as a u th . t o a cq u ire ail s t o c k
o f M o n t o u r F alls E le c t r ic L ig h t C o .
STOCK A N D BON DS—
D a te.
Interest.
O utstanding.
M a tu r ity .
C o m m o n $ 1 ,0 0 0 ,0 0 0 ($ 1 0 0 )------------. . . S I . 0 0 0 ,000 D o c . 1 3 ,1 %
P r o f 5 % cu m $ 1 ,0 0 0 ,0 0 0 - - ..................
5 M -S
6 3 3 .0 0 0 S e p t. 13,2 M
W e s t S id e R R g o ld first m t g e l 1894 5 g A -O
3 5 5 ,0 0 0 O c t . 1 1914
($1,000) (clo s e d M ) _ c _ c p t l i n t , at C h e m u n g C a n a l T r . C o . , E lm ira , l r .
C h e m u n g C o G a s C o 1st M l
ori_
T ,
,
6%
307 ,0 0 0 J u ly 1 1923
(closed M ) _____________ c p t ] _____
E lm ira W , L « R R 1st M ______( 1 9 0 0
5 g J -J
1 ,661,000 Ja n . 1 1 9 4 9
g o ld ($ 1 ,0 0 0 a n d $ 5 0 0 ) { l n t . a t U . S. M t g . & T r . C o ., N . Y . , T r u s te o .
(closed M )
_______ c * - c p t l
S u b je c t t o call a t 105 an d interest.
E lm ira W , L & R R 1st c o n M l 1906 5 g M -S
2,3 6 7 ,0 0 0 S ept 1 1 9 5 6
$ 5 0 0 0 ,0 0 0 ( $ 1 ,0 0 0 ) g c * c p t /I n t e r e s t a t N ew Y o r k T r u s t C o ., T r u s te e .
D e b n otes $ 1 ,2 5 0 ,0 0 0 g o ld
\ 1913 6 M -N
1 ,067,000 M a y l 1914
( $ 1 ,0 0 0 , $ 1 0 ,0 0 0 & $50 ,0 0 0 ) c p t / l n t . a t N o w Y o r k T ru s t C o ., T r u s te o .
B o n d s — O f E lm ira W .. L t . & R R . 1st c o n s . M . 9 f 1906, $ 2 ,0 1 6 ,0 0 0 aro
reserved for p rior liens a n d $61 7 ,0 0 0 fo r e x t ., im p ., & c. V. 83, p. 893; V . 86.
p . 720 . R em a in in g d o b . n o te s w ill b o issued t o p a y u n d erlyin g b o n d s an d
fo r n ew co n s tr u c tio n a n d im p ro v e m e n ts . D u rin g th o life o f th e n o te s n o
a d d ition a l 1st c o n s , b o n d s are t o b e issued an d n o new m tg e . cre a te d w ith
o u t p r o v id in g fo r n o te s .
D ividends.— O n p r e f., 2 H % paid s e m i-a n n . fro m S e p t. 1907 t o a n d Inch
S e p t. 1913. O n c o m ., 1st d i v .— 1 % — p aid O c t . 1910. In 1 9 1 1 ,4 % .
In
1912, J a n ., 1 % ; A p ril, 1 % ; J u n o , 1 % ; S e p t., 1 % ; D e c ., 1 % .
In 1913,
M a r c h , 1 % ; J u n o, 1 % ; S e p t ., 1 % ; D e c ., 1 % .
R O A D .— C om p rises 45 m iles o f singlo tra ck in E lm ira an d c o n n e c tin g tho
su b u rb a n tow n s o f E lm ira H eigh ts, S o u th p o rt an d Ilo r s c h e a d s, fro m H orseh ead s t o W a tk in s , v ia M illp o r t a n d M o n t o u r F a lls, t o Seneca L a k e . 9o
ca rs. 75 a n d 9 0 -lb . gird er rails. O w n s R oriclc G le n P a rk .
R E P O R T .— E a rn in g s fo r y e a r e n d in g Ju n o 30 1913, gro ss, $ 9 8 0 ,6 6 6 ; n e t,
$41 1 ,9 7 8 : in t ., $24 4 ,8 0 3 ; su rp lu s, $ 1 6 7 ,1 7 5 .
O F F I C E R S .— P r e s ., R a y T o m p k in s ; V .- P r ., S. J . D ill; S e c. an d T r e a s .,
C . A . K o ls ta d ; A c t in g G e n . M g r ., F . II. H ill; A s s t S e c .. H e n ry M o r g a n ,
4 0 W all S t ., N . Y . — V . 8 7 , p . 778; V . 92, p . 397; V . 9 5 , p . 176; V . 9 b , p . l 156;
_________
V . 9 7 , p .8 0 2 .
EL PASO, TE XA S.
F L P A S O E L E C T R I C C O .— 'In c o r p o r a te d in N e w Jersoy an d ow n s th o
secu rities o f t h e E l P a so E le c. R y . C o . a n d th o El P a so & Juarez T r a c C o .,
c o m p ris in g p r a c tic a lly all th o e le ctric ligh tin g a n d th o ontiro street railw ay
business o f E l P a so , T e x ., an d J u a ro z , M o x ic o .
R a ilw a y fra n ch ise in E l
P a s o expires in 1951; in Ju a roz in 1988. L ig h tin g franchise in El P a so ex
p ires in 1952; in Ju a roz in 1915. In 1909 in crea sed p re f. fro m $5 0 0 ,0 0 0 t o
$ 1 ,0 0 0 ,0 0 0 . V . 9 0 , p . 109. $11 2 ,5 0 0 c o m . s to c k is ow n e d b y P u b . S erv.
I n ^ j a(n 0 - 1 5 1913 th e d ire cto rs v o t e d t o o ffe r s to ck h o ld e rs $ 2 5 0,00 0 c o m
m o n s to c k a t par at c lo s e o f business F o b . 1 . V . 9 6 , p . 202.
S T O C K A N D B O N D S —•
D a le.
In terest. Outstanding.
M a tu rity .
C o m m o n , $ 2 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) - .............
Q -M
$ 2 ,0 0 0 ,0 0 0 D e c T 3 , 2 %
P r e f $ 1 ,0 0 0 ,0 0 0 6 % n -c ( $ 1 0 0 ) ------6 J -J t
1 .600.000 Jan '1 4 , 3 %
C o lla t trust m tg o $1,000,000 1 1902
5 g J-J
1,000,000 Jan 1 1932
($1,000) g o ld .................... c t f / I n t . a t S ta te S t. T r u s t C o . , B o s to n , trustee.
Bon ds.— C o lla tera l trust b o n d s c a n n o t be ca lle d a n d n o sin kin g fu n d .
D ividends.— F irst d i v ., 3 % , o n p re f. s t o c k , w as p a id J a n . 12 1903; also 3 %
o n J u ly 13 1903; 1094 t o Jan . 1914, in c l., 6 % per an n . O n c o m ., 1st d i v .,
2 % , M a r . 1910; S e p t ., 2; in 1 9 1 1 ,5 % ; In 1912, M a r ., 3 % S e p t ., 3 H % ; in
1913, M a r ., 3 H % ; In Ju n o 1913 b egan to .m a k o q u a r. d iv s . a n d p aid 2 % ;
also S e p t., 2 % ; D e c ., 2 % .
E A R N I N G S .— O f c o m b in e d co m p a n ie s fo r 12 m o s . e n d . D e c . 31 1913,
gross, $ 88 6,88 0; n e t , a fter ta x e s, $40 8 ,5 2 1 ; o th e r In co m e , $ 9 ,2 3 5 ; interest,
$ 4 8 ,0 1 5 ; p r e f. d iv s ., $ 6 0 ,0 0 0 ; c o m . d lv s ., $18 1 ,1 9 8 ; su rplu s, $ 1 2 8 ,5 4 2 .
R O A D .— O perates 4 7 .5 m iles o f track in an d b otw eon E l P a so , T e x .,
a n d Ju a rez, M e x ic o ; 77 cars; sta n d a rd g a u g o . W ill b u ild , it is re p o rte d ,
fro m E l P a so t o F a b e n s , 35 m iles.
O F F I C E R S .— P r e s ., M a rsh a ll M . P h ln n o y ; V .- P . , Josop h R e m ic k an d
G u y L . W e y m o u t h ; T r e a s ., H e n ry B . S aw yer; S e c ., C h ester M . C la rk ;
G e n . M g r s ., S ton e & W e b s te r M g t . A s s n .— V . 9 4 , p . 559; V . 9 5 , p . 616;
V . 9 6 , p . 135, 2 0 2 , 1556.
_________
ESCANABA, MICH.
E SC A N A B A T R A C T IO N C O .
O R G A N I Z A T I O N .— R e o rg a n iz a tio n in A u g . 1909 o f E scan aba E le c tr ic
S t. R y . and E s ca n a b a P ow e r C o .
D o e s e le ctric ligh t an d pow er businoss in
E s c a n a b a , G la d sto n e an d W e lls , M ic h . Is a llo w e d t o ca rry fre ig h t.
S T O C K A N D B O N D S — • D a te.
In terest. Outstanding.
M a tu rity .
Stock $500,000......... ....................... ..
..........$500,000
- - - - ----------------------
1st & r e f m tg o $ 6 0 0 ,0 0 0 g o ld 1 190 9-----------5 J-J
365 ,0 0 0
See te x t
( $ 1 ,0 0 0 ) ...................... c * . c p t / I n t . a t F irst S a v . & T r u s t C o ., M ilw a u k e e .
S e c o n d m o r tg a g e _____________________
___________
200 ,000 ------------------B o n d s — O f 1st & ref. bonds, $22 5 ,0 0 0 are for additions and impts. at 8 0 %
o f cost, under restrictions. Bonds mature $ 1 0 ,0 0 0 annually from 1914 to
1933 incl., remainder in 1934. T h e y aro subject to call at 103 and int. on
a n y int. date. Michigan Trust C o., Grand Rapids, trusteo. V . 9 2 , p . 1564.
E A R N I N G S .— F o r ye a r en d in g D e c . 31 1913, g ro s s , $12 2 ,6 4 2 ; n o t,
$ 5 9 ,8 3 5 ; in t ., $ 33 ,300 ; su rplu s, $26 ,5 3 5 .
R O A D .— O w ns an d op e ra te s stre e t ra ilw a y In E sca n a b a an d an in toru rban roa d to G la d sto n e , w h ich w as p la ce d in o p e ra tio n in July 1910. P ow er
p la n t c a p a c ity , 1,300 h . p. A now d a m o n E s ca n a b a R iv e r , p r o v id in g
3 ,0 0 0 a d d ition a l h . p ., w as c o m p le te d in su m m er o f 1912.
O F F I C E R S .— P r e s ., J . K . S ta ck ; V .- P ., J . O . K ir k p a tr ic k ; S ec. & G e n .
M gg rr ., P . L . U tley; T r e a s ., M . N . S m ith , all o f E s c a n a b a .— V . 92, p. 1564.
EUREKA, CAL.
H U M B O LD T T R A N S IT CO .
O R G A N I Z A T I O N .— In c o r p o r a te d In C a lifo rn ia J u ly 31 1903.
[Vol.
ELECTRIC RAILWAYS
50
X C V III.
STO CK AN D BON DS—
D a le.
In terest.
Outstanding.
M a tu r ity .
S to c k $ 1 ,0 0 0 ,1 0 0 ($ 1 0 0 )................................- - - - - $50 0 ,0 0 0 ............. .........
1st m tg e $ 1 ,0 0 0 ,0 0 0 ($ 1 ,0 0 0 )1 ------5 g A -O
193 ,000 O ct 1 1934
g o l d ______________ c & r . n t f / U n i o n T r u s t C o . o f San F r a n ., T r u s te e .
Bonds are n o t s u b j. t o ca ll. A s k . fd . o f 2 % o f b o n d s o u t began O c t . 1910.
E A R N I N G S .— F o r c a l. year 1913, $87 ,4 8 0 ; in 1912, gro ss, $ 8 6 ,4 5 5 .
R O A D .— C o m p rise s 13 m iles o f tra ck in c it y o f E u re k a . 4 5 -6 0 -lb . T rails.
O F F I C E R S .— P res., W m . B u tte rw o rth ; V .- P ., O . P . P o m e r o y ; S e c. a n d
T r e a s ., H o ra co I t. H u d so n ; M g r ., F . C . M o r ris o n .
EVANSVILLE, IND.
E V A N S V IL L E R A I L W A Y S C O .
O R G A N I Z A T I O N .— In c o r p o r a te d in In d ian a in A u g u s t 1907 t o c o n tr o l
th o E v a n sv ille & E a stern E le c tr ic I t y ., th e E v a n s v illo & M t . V ern on E le c
tric R y . a n d th e E v a n s v ille T erm in al R y .
O n M a y 19 1913 a b s o rb e d these
lines o u tr ig h t an d a cq u ire d th o c a p ita l s to c k o f th o H en d erson T r a c . C o .
a n d th o O w e n s b o ro C it y R R .
V . 96, p . 1488.
O n A u g . 25 1911 th e E v a n sv ille H e n d e rso n & O w e n s b o ro R y . w as in c o rp .
in In d ia n a (c o m . s to c k a u th . a n d o u t ., $50 ,0 0 0 — ail o w n e d b y E v a n s v .
R y s .: p r e f., $25 0 ,0 0 0 a u t h ., $ 1 5 0,00 0 o u t .) t o b u ild a lino fro m E v an sville
t o H enderson a n d u ltim a te ly t o O w e n s b o r o . N o w c o m p a n y has leased
0 /4 m iles o f Illinois C e n tra l tracks be tw e e n E v a n s v ille a n d H en d erson and
has e le ctrifie d sa m e . L in e w as p la c e d in o p e r a tio n fro m E v a n s v ille t o
H en d erson J u ly 28 1912. V . 9 3 , p . 730 .
In A p ril 1913 in crea sed its a u th . c o m m o n s t o c k fro m $ 1 ,0 0 0 ,0 0 0 t o $ 2 ,
0 0 0 ,0 0 0 . V . 9 6 , p . 1156.
,
, ,
.
„
.
..
In 1913 th e In d ia n a P . U . C o m m , g ra n te d perm ission t o sell o r h y p o t h e
c a te (a) $ 2 7 3,00 0 5-y e a r 6 % notes at n o t less th an 7 5 % . a n d (6) c o m m o n
s t o c k n o t to ex ce e d 5 0 % o f the n o te s a t n o t less th a n $20 a sh a re , t o p a y
flo a tin g d e b t o f $ 2 0 4 ,7 3 2 . & o.
STOCK A N D BON DS—
D ate.
In terest.
Outstanding.
M a tu r ity .
$ 1 ,1 6 4 ,5 0 0 .......................
C o m m o n $ 2 ,0 0 0 ,0 0 0 ($ 1 0 0 )....................................
J-J
3 5 4 .9 0 0 ................... ..
P r o f., $ 5 0 0 ,0 0 0 ,6 % c u m _____ ______
F irst a n d refu n d in g m ort-1 1913
5%
See te x t .
1953
gage $ 5 ,0 0 0 ,0 0 0 ............... t f/P i t t s b u r g h T r u s t C o ., P itts b u r g h , T r u s te e .
6%
Seo te x t. A p ril 1 1918
N o te s _________________________ t f 1913
E v a n s & E E le c R y 1st m o r t -f 1906
5 g A -O
691 ,5 0 0 A p r 1 1936
g a g o , $ 7 5 0 ,0 0 0 , g o ld ($ 5 0 0 {I n t . a t A m e rica n T r u s t & S a v . C o . , E v a n s a n d $ 1 ,0 0 0 (clo se d M ) c * t f I v illo o r P itts b u r g h T r u s t C o . , T r u s te o .
E v a n s & M t V E lec R y 1st M l 1905
5 g A -O
3 5 0 ,0 0 0 O ct 1 1925
$35 0,00 0 g o ld ($ 1 ,0 0 0 )--C * ( In t. a t A m e r . T r . & S a v . C o ., E v a n s v ., T r u s .
E v a n s v T e r m R y 1st m tg o f 1908 5 J-J
3 0 0 ,0 0 0 Jan 1 1939
$30 0,00 0 gold ($ 1 ,0 0 0 ) _ c t f { I n t . a t A m . T r . & S a v . C o ., E v a n s v ., T r u s .
g u p & i b y E v a n s R y s C o - ( a n d Ills. 'I r . & S a v . B a n k , C h ic a g o .
Stock and Bon ds.— P re f. s to c k ca n be ca lle d a t a n y tim e a t p a r. O f th o
$ 5 ,0 0 0 ,0 0 0 m tg e . b o n d s o f 1913, $ 1 ,3 3 1 ,5 0 0 aro sot asido to rotiro u n d e r ly
ing issues, $ 2 ,8 6 8 ,5 0 0 fo r fu tu re req u irem en ts anil $8 0 0 ,0 0 0 aro im m e d ia tely
a v a ila b le , o f w h ich $27 3 ,0 0 0 w ere au th o riz e d in S e p t. 1913 b y tho Indian a
P . S. C o m m is s io n . Seo V. 97, p . 80 2 . O f th e 6 % n otes, $ 2 7 3,00 0 a u t h .,
o n ly $ 1 8 5,00 0 had boon c e r tifie d u p to Ja n . 1 1914.
1 h oy aro secu red b y
$ 8 0 0,00 0 1st & ref. b o n d s. O f th o E v a n s v ille & E a stern E le ctric R y . b o n d s,
$ 5 1 ,0 0 0 aro reserved fo r o x t. & im p ts . a t 8 5 % o f c o s t. A r e s u b je c t to c a ll,
in w h o le o r in p a rt, at 105 and in terest o n a n y in terest d a y u p o n 90 d a y s ’
n o tice ; $ 2 ,5 0 0 is p a y a b le an n u ally t o a sin k in g fu n d fro m 1910 t o 1920;
fro m 1921 t o 1936 $ 5 ,0 0 0 per a n n u m ; $ 1 0 ,0 0 0 b o n d s w ore h eld in sin kin g
fu n d Jan . 1914. Sinking fu n d o f $ 1 0 ,5 0 0 por an n u m b e g a n O c t . 1 1910 o n
E v a n s v . & M t . V e r . E le c. R y ., t o b o in v e ste d in ton b o n d s an n . a t lOo.
Subject to call a t a n y in t. p e rio d a t 110. E v a n s v . T e r m , b o n d s are r e d . at
105 an d in t. o n a n y in t. d a y at 60 d a y s n o tico . S in k, fu n d begin s 1912.
E A R N I N G S .— F o r y e a r en din g D e c . 31 1913, g ro s s , $25 2 ,8 2 5 : n e t,
$ 10 1,23 2: b o n d , in t., $ 65 ,950 ; su rplu s, $ 3 5 ,2 8 2 .
In 1912, g ro s s , $ 2 2 3 ,2 4 7 ;
n e t, $ 89 ,845 ; i n t ., $64 ,1 1 0 ; su rplu s, $ 2 5 ,7 3 5 .
R O A D .— T h o E v a n sv ille & E a stern ro a d c o n sists o f 31 m iles o f track
fro m N e w b u rg h (fr o m w h ich p o in t it en ters E v a n s v ille o v e r tra ck s o f th e
E v a n sv ille T e rm in a l R y ., 10 m iles) t o G ra n d v ie w , in clu d in g a 4 -m ile b ra n ch
t o R ich la n d . T h o E v a n sv illo & M t . V e rn o n ro a d c o n sists o f 20 m iles ot
tra ck fro m E v a n sv ille t o M t . V e rn o n . E v a n s v . H en derson & O w e n sb oro
com p rises 1 0 H m iles o f track fro m E v a n sv illo t o H e n d e rso n .
T otal lon0 th
o f lines, 7 1 H m iles. F irst tw o ro a d s d o a fre igh t business.
O F F I C E R S .— P r e s ., W . I t. M c C u r d y ; V . - P . , W . A . K o cli; S oc. & T r e a s .,
C . II. B a ttln ; G e n . M g r ., W . A . C a rs o n .— V . 9 0 , p . 1362; V . 93, p . 730;
V . 9 6 , p . 1156, 1488; V . 9 7 , p . 594, 802.
(1) H e n d e r s o n T r a c t i o n . — A tr o lle y r o a d .
A c q u ir e d b y E v a n s v ille R y s . In M a y 1913. V . 9 6 , p . 1488.
O R G A N I Z A T I O N .— In co rp o ra te d In K e n tu c k y F e b . 22 1907 as a s u c
cessor t o tho H en derson C it y R y ., so ld a t fo re clo s u re o n l‘ o b . 18 1J07. I n o
o ld railw ay had a 3 0 -y e a r fra n ch ise gra n to d in O ct. 1886, an d also c o n t i o ile d
th e Ilo n d e rs o n F erry C o . , w hich has sin ce boon s o ld . V . 8 4 , p . oUo.
STO C K AN D BON DS—
D a te. In terest.
O utstanding.
M a tu r ity .
F irst*’ ^nm^’ tgago^ 10$15 0 ,6 6 6 / 1907
5 'g A - O "
^O&OOO A p r. 15 1927
($ 1 ,0 0 0 , $50 0, $100) g o l d . - ( i n t . a t O h io B k g . & Trust C o . , H en derson , 1’ r
Bonds.— $ 1 2 7,00 0 b o n d s issued b u t $ 2 2 ,0 0 0 h e ld In tre a su ry . R e m a in in g
$23 ,0 0 0 are reserved fo r extensions a n d im p ro v e m e n ts . S u b jo c t t o ca ll on
A p ril 15 1917 an d 1922 at 105. N o sin k in g fu n d .
R O A D .— O perates 6 m iles o f stre e t r a ilw a y . V . 9 0 , p . 1363.
(2) O w e n s b o r o C i t y R a il r o a d .— -A tr o lle y r o a d .
A c q u ir e d b y E v a n sv illo R y s. in M a y 1913, V . 9 6 , p . 1488. A n e x te n
sio n d o w n th o O h io R iv e r is co n te m p la te d .
V. Jo, p , lo u i.
O R G A N I Z A T I O N .— C h artered in 1886. F ra n ch ise runs till 1936 and
give s e x clu siv e rights t o op e ra te stre e t ra ilw a y in said c it y .
ST O C K A N D BO N DS—
D a te.
In terest.
O utstandina.
M a tu rity.
C o m m o n , $ 7 5 ,0 0 0 (p a r $ 5 0 ) - - - - - 2 0 0 ,0 0 0 Jan. 1 1 9 3 2
1st m tge.', $ 20 0, ()0(L g o ld ! 1902
5 g J -J . . . .
($ 1 ,0 0 0 ), c & r, n ot r e d ------ /In te r o s t a t L m iisvillo £ i u s t O cu, Trustee.
G en eral m o rtg a g e , $ 2 0 0 .0 0 0 . ( 1 9 1 0 ^ 6 M - N
^OOjOOO ^ ^ 1 9 3 3
E A R N I N G S .— F o r fisca l y ear e n d . J u n e 30 1913, g ro s s , $73 ,6 6 9 ; n o t,
$2 R O A D . - O w n s 15 m iles o f stre e t ra ilw a y in O w en st.oro a n d su b u rb s ;
56 and 7 0 -lb . rail; 25 m o to r cars, d o u b le G . E . 800. 5 trailers, - o 10-ton
co a l ca rs.
P ow er h ou se 600 k .w . c a p a c it y .
V . JO, p . u o 4 .
E V A N S V IL L E S U B U R B A N & )N E V V B U R G H R Y .
O R G A N I Z A T I O N .— In c o r p o r a te d in In d ia n a in D e c . 1888, w ith a p e r
p etu al ch a rte r. Pass, business h a u led b y e le ctr ic ity an 1 fr elght b y st® am •
D o e s a c a r -lo t fre ig h t an d express bu sin ess. H as p r iv a te r ig h t -o f-w a y .
STO C K A N D BON DS—
D a le.
In terest.
Outstanding.
M a tu rity.
1st m o rtg a g e , $ 5 0 0 ,0 0 0 , g o ld ?
($500 an d $ 1,000) - - c * t »
1901
5 g
^ n f m e r c e , - N °Y .'
Bonds.—-A sinking fu n d o f $ 2 ,500 p e r a n n u m co m m e n ce d J u ly 1 1910,
w h ich w ill retire b o n d s at 105. A ll or a n y p art o f b o n d s red eem a b le
a fte r 15 years at 105. $ 7 ,5 0 0 h a v o been re tire d . $ 2 ,5 0 0 h a v o boon ca lled
fo r p a y m e n t o n J u ly 1 1913. V . 9 6 , p . 1365.
E A R N I N G S .— F o r y r . o n d . Ju n e 30 1913, gro ss, $ 12 3,29 6; n o t, $ 4 0 ,4 1 9 .
R O A D .— O perates 25 m iles o f tra ck fr o m E v a n s v illo t o N e w b u rg h , w ith
a b ra n ch o f f tho m ain lino th rou gh S te v e n s S ta tio n and C h a n d ler t o B o o n v llle ; has also 5 m iles o f sid e -tra ck ; to t a l, 30 m iles. 7 0 -lb . T rails.
O F F I C E R S .— P r e s ., F . W . C o o k ; V . - P . & T r e a s ., L e e H o w e ll; S e c. &
G e n . M g r ., G u s M u lh a u s e n .— V . 8 3 , p , 271; V . 9 6 , p . 1365.
FAIRMONT, W . VA.
M O N O N G A H E L A V A L L E Y T R A C T IO N C O .
O R G A N I Z A T I O N .— O rga n ized in W . V a . o n M a y 18 1912. Is a c o n
s o lid a tio n o f F a irm o n t & C la rk sb u rg T r a c . C o . , F a irm o n t & N o rth ern
T r a c . C o . an d C la rk sb u rg & W e s to n E le c. R y . O w n s a n d c o n tr o ls ontiro
street ra ilw a y business in F a irm o n t a n d C la rk sb u rg (in cl. on tiro e le ctricligh t an d p o w e r business in F a irm on t) an d an In terurban ro a d co n n e c tin g
th o tw o c itie s , w ith bra n ch e s exten d in g t o va rio u s citie s a n d to w n s, b ranchises in F a irm o n t are p e rp e tu a l.
In o th e r cltio s an d to w n s e x te n d for .>0
yea rs, th e sh ortest e xpirin g in 1952. In te ru rb a n are o n p r iv a te rig h t o f
w a y . Franchises o v e r c o u n ty ro a d s an d brid ges in M a r lo n a n d H arrison
co u n tie s aro p e rp e tu a l.
.
ELECTRIC RAILWAYS
J AN. 19 4.]
51
B o n d s.— Bonds are subject to call at 105 on 6 weeks' notice.
On Feb. 1 1911 the Fairmont & Clarksburg Trap, took over the Fairmont
& M annlngton Trac. C o . (10 miles), and lias acquired 7,(100 shares of stock
E A R N I N G S .— 'For year ending June 30 1913, gross, $202 ,42 8; net, after
(7 6 % ) and .'$529,000 of total issue of .$600,000 1st M . 5 % bonds of said co.
taxes, $62,990; int. charges (net), $38,837; bal., $ 2 4,154 .
In 1911-12,
S T O C K A N D B O N D S —• D a le .
In te re s t. O u ts ta n d in g .
M a tu r ity .
gross, $194,494; not, after taxes, $56,026 ; int. charges (net), $39,138;
bal., $ 1 6,888 .
C om m on, $ 5 ,0 0 0 ,0 0 0 _________ ______
________
$5 ,0 0 0 ,0 0 0 O ct’ 13, 1)4 %
Pref, 5 % (cu m .), $ 2 , 5 0 0 , 0 0 0 . ____
F -A
2 ,040,300 Feb '14, 2 )4
R O A D .— Owns 46 miles of road— 18.5 miles to Oshkosh, 2 6 .5 miles of
First & ref M , $ 1 5 ,0 0 0 ,0 0 0 , Kl
1912 5 J-D
2 ,500,000 June 1 1912 interurban raod running from Oshkosh to Neohah and to Omro and 1 mile
($500 & $ 1 ,0 0 0 )____ c*& r*/F idolity T r. C o ., B a lt., Trus. In t. in N . Y .
in Neenah.
1903 5 g A -O
2 ,500,000 Oct 1 1 9 3 8
Fairm & Olarksb 1st M , $2,-1
500,000 ,
gold ( $ l ,0 0 0 ) .. c * /l n t . at Guaranty Trust C o ., N . Y . , Trustee. O F F IC E R S .— Pres., II. F . W hitcom b; V .- P ., Clement C . Smith; Sec. &
T reas., II. F. W hitcom b Jr., all of Milwaukee; G en. M a n ., J. P . Pulliam.
B o n d s.— O f the 1st (& ref.) bonds, $2,500,000 are reserved to retiro prior — V . 87, p. 348, 481; V . 88, p. 1255.
liens and $ 1 0 ,000 ,000 arc for add’ns and extens. under certain restrictions.
Red. at 105 and int. on any int. day on or after Juno 1 1922. See V . 94,
p. 1508.
Fairmont & Clarksburg 1st mtge. bonds subject to call, beginning
FORT DODGE, IO W A.
O ct. 1913, at 105 and int. Listed on Philadelphia Stock Exchange.
F O R T D O D G E DBS M O IN E S & S O U T H E R N R R .- -See “ Railroad and
D iv id e n d s .— 5 % is being paid on tho pref. stock. Initial dlv. on com Industrlal” section.
m on— 2 % — paid Jan. 1913; July 1913, 1 ) 4 % : O ct., 1 4 3 % .
E A R N I N G S .— For year ending June 30 1913, gross, .$902,938; net,
FORT SCOTT, KAN.
$538 ,25 9; interest, $250,000; balance, $288,259.
T H E F O R T S C O T T G A S & E L E C T R IC C O .
R O A D .— Operates street railways in Fairmont, W . V a ., and in Clarks
Plant is being entirely rebuilt.
burg. W . V a ., and an interurban lino of 25 miles connecting the two with
various small branch lines; also lines from Fairmont to Fairview, 14 m
O R G A N I Z A T I O N .— Incorporated in Kansas in 1900, and is successor
Clarksburg to Bridgeport, 7.6 in ., and Clarksburg to W eston, 24 m .; total, to the Fort Scott Electric Light & Power C o ., Citizens' Electric Street R y .,
track in operation, 108 miles. Other extensions aro contemplated.
Fair Fort Scott Steam Heating C o. and Fort Scott Gas C o. F ra n c h is e expires
mont & M annington operates 16 miles. Standard gaugo. 80-lb . 1 rail.
April 23 1922.
O F F I C E R S __ p res., S. L . W atson, Fairmont; V .- P ., J. II. W heel
STOCK A N D BON DS—
D a le .
In te le s t.
O u ts ta n d in g .
M a tu r ity .
wright Baltimore M d .; Sec. & Treas., W alton M iller, Fairmont; Gen. Stock $350 ,00 0 ( $ 1 0 0 ) ._______ ______
________
$ 350 ,00 0 .................. ..
M g r Jas O W atson. Fairmont.— V . 94, p. 827, 912, 1384, 1508, 1627; 1st mortgage $250 ,00 0 gold) 1903
5 g A -O
185,000 April 1 1922
V . 95, p. 176; V . 96, p. 1840; V . 97, p. 1115.
($500), sinking fun d------ c * /I n t . at Chicago T itle Sc Trust C o ., Trustee.
N ew mortgagq, $ 3 5 0 ,0 0 0 -------1 -------6%
289,000 ____________
($ 5 0 0 )-----------------------------------/ In t. at Vandeventer T r. C o ., St. Louis, M o .
FARGO, NORTH DAKOTA.
B o n d s.— O f the $ 250,000 I s t M . au th ., $50,000 are reserved for extensions
F A R G O & M O O R E H E A D S T R E E T R A I L W A Y C O .— A trolley road. and $15,000 have been retired. The following amounts are payablo annu
ally to a s in k in g f u n d : In 1908 and 1909, $ 3,500 per annum; in 1910 and
Stock is all owned by Consumers’ Power C o. of M innesota.
1911, $ 4,000 per annum; in 1912 and 1913, $ 4,500 per annum; in 1914 and
O R G A N I Z A T I O N .— Incorporated 1902 in North D akota. InJune 1912
1915, $ 6,000 per annum; in 1916 and 1917, $ 7,000 per annum; and from
now 25-vear fra n c h is e s were granted in Fargo, Moorehead and D ilw orth.
1918 to 1921 Inclusive, $10,000 per annum.
Stock $300,000 ($100) issued. Bonds authorized and outstanding, $200,000
($500) 20-ycar 5 % 1st intgo. and $100,000 ($500) 6 % 20-year 2d m tge.;
E A R N I N G S .— For calendar year 1910, gross, $65,000 ; net, $ 33,000 .
both Issmcs duo 1925; int. J .-J . and subject to call after 5 years at 105; prin
R O A D .— 7 miles of track in Fort Scott. G auge, 4 f t .; 45 to 8 0 -lb . T rails.
cipal and int. payablo in gold, 1st m tge. bonds at Stato Bank of Chicago,
O F F IC E R S .— Pres., J. E . M cK in n ey , St. Louis; \ .-P ., R . E . L. W inter,
trustee; 2d m tge. bonds at Northwestern Trust C o ., St. Paul, M in n ., trus
tee. Operates in Fargo, N . D ., and M oorehead, M in n ., and an interurban St. Louis; Sec.-Treas. & G en. M a n ., F. D . M artin, F t. Scott.— V .7 7 ,p .l2 9 4 .
to Dilworth, M in n ., a total of 15 miles. Standard gaugo. 70-lb . T rail.
E A R N I N G S .— For 12 m os. ending July 31 1913, gross, $111,977; net,
FORT SMITH, A R K .
341,5 9 1 .
___________ ______________
FORT SMITH LIGH T & TRACTION CO.
FISHKILL-ON-TH E-H UDSON, N. Y.
F I S H K I L L E L E C T R IC R A I L W A Y C O .— A trolley road.
Leases tho Citizens’ St. R R „ L. & P. at a rental of $8,255 per annum.
S T O C K A N D B O N D S —• D a te .
In te re s t. O u ts ta n d in g .
M a tu r ity .
Stock,.$5 0 ,0 0 0 ................. - ........................
- .............
$50,000 ............... ..
First m ortgage, $ 5 0 ,0 0 0 ______ 1895
6 J-J
50,000 July
1915
E A R N I N G S .— For year ending Juno 30 1913, gross, $61,753; net, $ 2 1 ,
231; charges, $17,526; surplus, $3,705.
R O A D .— O w n s4M and leascs3 miles. T o ta l, 7 H miles.
O F F IC E R S .— Pres., John T . Smith; V .- P ., W . J. Conklin; Sec., W . If.
Southard; T reas., G . W . Patterson.
FITCHBURG, MASS.
F IT C H B U R G & L E O M IN S T E R S T R E E T R Y .
In April 1905 absorbed tho Leominster Shirley & Ayer Street Ity. through
exchange of stock, share for share.
V . 8 0 , p. 1478.
In Sept. 1907 M ass.
R R . Commission sanctioned incroaso in stock from $450,000 to $700,000,
now stock to bo issued at 110. Com pany thon petitioned Commission to
allow stock to be issued at 100 (V . 85, p. 722) but In Sept. 1908 C om m is
sion denied application. V . 8 7 , p. 812.
S T O C K , B O N D S , & c.—
D a te .
In te re s t. O u ts ta n d in g .
M a tu r ity .
Stock $700,000 ($100) - - - - - - - .....................................
$450,000
See text.
Fitch Sc Leo 1st mtgo ($ 5 0 0 ),! 1897 5 A -O
150,000 April 1 1917
$150,000 ------------------ - - - - c l Interest at First National Bank, Boston.
Fitch & Leo con m tgo, $350,-1 1901
443 F -A
150,000 Fob 1 1 9 2 1
000 ($ 1 ,0 0 0 )----------- - - -------- (In t. at Boston Safo D ep. & T r . C o ., Trustee.
L S & A 1st m tge, $100 ,00 0
1905 5 g F -A
100,000 Fob 1 1921
gold ($ 1 ,0 0 0 )------------------ c* j Int. at Boston Safo D ep. Sc T r. C o ., Trustee.
,, ,
T
,„ ,I G u a r . p. & i. by Fitch. & Loom. Street Ity.
Curront liabilities Juno 30 1912_____________________
735,154 ____________
B onds.— O f tho now consol, mtge. $150,000 aro reserved to retiro tho
1st mtgo. at m aturity.
D iv id e n d s .— For m any years up to and includin 1900-01, 8 % ; from then
on to 1912-13, 6 % per annum.
R O A D .— Owns 4 0.7 miles of track. Road extends to Leominster,
Lunenburg, Shirley and Ayer. 30 closed passonger cars, 25 open passenger
cars, 3 express cars and 5 snow plows.
E A R N I N G S .— For years ending Juno 30 1913 and 1912:
1913.
1912.
,,
,
,,
1913.
1912.
G ross.......................... $319,963 $305,140 Dividends p a id .. $27,000 $27,000
N o t ............................ 111,247 109,540 Balance, surplus
I n t., taxes, See____ 74,224
71,137
for year...............
10,023
11,403
O F F IC E R S .— Pres., Supt. and Purch. A gent, W . W . Sargont; V .-P .
II. I. Wallace; Clerk and Counsel, C . F . Baker; T reas., R . N . W allis, all of
Fitchburg.— V . 80. p. 1478; V . 85, p. 468, 722; V . 87, p. 812
FOND DU LAC, W IS.
E A S T E R N W IS C O N S IN R A I L W A Y & L I G H T .— Trolley.
O R G A N I Z A T I O N .— Incorp. in Wisconsin on Sept. 23 1903 as a consoli
dation of the Fond du Lac St. R y . Sc L t. C o. and tho Fond du Lac & Oshkosh
S T O C K A N D B O N D S .—
D a te .
In te re s t. O u ts ta n d in g .
M a tu r ity .
....................
$500,000 In 1913, 6 %
Stock $500 ,00 0 ($100)...........................
Fond du Lac St Ity & L m tge) 1899
5 g J-J
187,500 July 1 1 9 2 4
$250,000 ($500) g -r & c * n t f(In t . at N a t. Exch. Bank, M ilw au kee.
1st mortgage $1,50 0 ,0 0 0 gold! 1903
5 g A -O
1,190,000 Oct 1 1 9 2 3
( $ 1 , 0 0 0 ) _______________c * t f /I n t . at First Sav. & T r . C o ., M ilw ., Trustee.
B onds.— $207,000 1st M . bonds aro reserved for prior liens and $103,000
aro in treasury. Bonds aro subject to call on any int. date at 103 and int.
upon 6 m os.’ notice. The Fond du Lac St. R y . & L t. bonds cannot bo
called.
1 hoy aro guaranteed p. Sc i. by tho Eastern W is. R y. & L t. C o.
D iv id e n d s .— 4 % per annum has been paid from 1907 to 1912 incl. In
1913, 6 % .
R O A D .— Operates 27 miles of track in Fond du Lac and between Fond
du Lac and Oshkosh. 70-lb . T rails.
E A It N IN G S . — F ° r y ear ending Juno 30 1913, gross, 8316,145- net, aftor
taxes, $115,441; int. (not), $56,482; surplus, $58,959 .
In 1911-12, gross,
$296,345; net, after taxes, $114,986; Int. (not), $52,761; surplus, $62,225
O F F IC E R S .— Pres., I I . F .W h itcom b . Milwaukee: V .-P ., J. F . Pritchard!
M anitow oc, W is .; Sec. & Treas., H . F . W hitcom b Jr., Milwaukee; Gen.
M a n ., J. P. Pulliam.— V . 87, p. 346; V . 8 8 , p. 1252.
(1) W isc o n sin E lectric R y .— A trolloy road.
O R G A N I Z A T I O N j— Incorporated A u g. 16 1908 In Wisconsin and
succeeded the Winnebago Traction C o ., sold at foreclosure A u g. 6 1908
as per plan In V. 85, p. 655. Latter com pany was a reorganization of
Citizens’ Traction C o. in 1900. Eastern Wisconsin R y. Sc Lt. C o. owns
stock and guarantees bonds of the Wisconsin Elec. R y . V . 88, p. 1255.
F ran ch ise s explro 1932.
STOCK A N D BONDS—
D a te .
In te re s t.
O u ts ta n d in g .
M a tu r ity .
Stock $ 350 ,00 0.................................... - ..........................
$350,000 ............. __ _
1st mtgo $1,500,000 gold) 1908
5 F -A
801,000 A u g. 1 1938
($500 and $ l ,0 0 0 ) - . c * t f /l n t . at Wisconsin Trust C o ., M ilw ., Trustee.
Standard Gas & Elec. C o . (V . 93, p. 1327) owns $949 ,90 0 com ., $798,700
pref. stock, $150 ,00 0 1st M . bonds and $300 ,00 0 dob. 6s of the com pany.
O R G A N I Z A T I O N .— Incorporated in Arkansas on April 13 1903 as a con
solidation of the F t. Sm ith-Van Buren Light & Transit C o. and t h e T . Smith
T ra c., lit. & Pow. C o. Owns all physical property, contracts, rights and
franchises of Van Buren Fuel & Light C o . (now dissolved). Does the entire
electric-light, gas and street railway business of the city, and the electriclight and gas business of Van Buren; operates an interurban line between
F t. Smith and Van Buren. Street railway and electric-light fra n c h ise s
in F t. Smith expire in 1955; gas in 1953. Gas and electric light fra n c h is e s
in Van Huron expire in 1957.
C ity Council D ec. 16 1912 fixed the price of gas at 25c. per 1,000 cu. f t .,
but company obtained a court injunction, and subsequently the ordinance
was rescinded.
S T O C K A N D B O N D S — • D a te .
In te re s t. O u ts ta n d in g .
M a tu r ity .
Com m on, $1,50 0 ,0 0 0 ($100)........................... . ..............
$950,000 .......................
Q-J 15
1,410,000
See text
Pref $ 5 ,0 0 0 ,0 0 0 ($100) 7 % cu m -------5 g M -S
2,7 0 0 ,0 0 0 M ar 1 1 9 3 6
First mortgage $ 6 ,0 0 0 ,0 0 0 g ( 1911
s t ($500 and $ 1 ,0 0 0 )____c * i l n t . at Illinois Trust & Savings Bank, C hic.,
( Trustee, or at agency of co. in N .Y . or Bos.
Debenture notes, $ 3 0 0 ,0 0 0 .. . 1913
6 M -N
3 00,000 M a y 1 1918
Stock a n d B onds.— Pref. stock Is red. at any time after 3 years from issue
at 110 and accrued dlv. Remaining 1st M . bonds can only be Issued tor
7 5 % of cost of additions, Improvements and extensions under certain re
strictions. See V . 9 2 , p. 956. Subj. to call as a wholo or in part on any
int. day at 105 and int. Cash sink. fd. of 1 % yearly 1914 and 1915, 144%
yearly 1916 to 1918, 2 % yearly 1919 to 1923 and such amounts thereafter
as by July 1 1935 will make total sk. fd. 4 0 % of bonds certified. V . 92, p.
956. Bonds are listed on N . Y . Stock Exchange. V . 9 4 , p . 487.
D iv id e n d s .— 'Prof, is cum . from Jan. 1 1912.
1st div. on pref.— 1 ) 4 % —
paid April 15 1910; July, 1 ) 4 % ; O ct., l % % and 1 ) 4 % quar. since to and
including April 1913; July 1913, none.
E A R N I N G S .— For year ending Sept. 30 (V . 97, p. 1733):
Sent. 30
Gross
N e t (a fte r
In te re s t
G eneral P referred Balance,
Year—
In c o m e .
T axes).
C harges. In te re s t. D iv id e n d . S u rp lu s .
1912-13............$591 ,97 0 $209 ,67 4 $139 ,80 0 $ 1 2,770 $49,350
$7,754
1911-12............ 612,742
242,227 131,919
11,974
8 9,260
9,074
R O A D .— Owns and operates 31 miles o f track on 12 miles of streets in
F t. Smith and suburbs. Standard guago, 60-lb. and 80-lb . T rail. 58 cars.
Owns a park of 110 acres. Also gas works for distributing natural and arti
ficial gas, with 68 miles of mains, and electric power and lighting plant—
generating capacity, 5 ,3 5 0 horse-power and pole line of about 130 miles.
O F F IC E R S .— Pres., A . S. Huey; V .- P ., II. M . Byllesby: Sec., Jas.
Brizzolara; G en. M g r. & T reas., II. C . Iloagland; A u d ., N . I. Garrison;
M g rs., II. M . Byllesby Sc C o ., Inc.— V . 88, p. 505; V . 90, p . 236, 303, 372;
914; V . 92. p. 881, 956, 1032, 1178, 1636; V . 94, p. 487; V . 95, p. 47; V . 9 7 ,
p. 298, 1733.
__________
FORT W AYNE, IND.
FT. WAYNE & NORTHERN INDIANA TRAC. CO.— A trolley road.
Controlled b y same Interests as tho Ohio Electric R y . and tho Terre
H aute Indianapolis & Eastern.
O R G A N I Z A T I O N .— Incorp. in IndianaonFeb. 13 1911 to take over the
F t. W ayne & W abash Valley Trac. C o. per plan in V . 92, p. 394, 594.
Tho Ft. W ayne & W abash Valley Traction C o. had previously acquired
through consolidation or purchase the following companies:
F t. W ayn e Bluffton & Marion T r.C o . Lafayette Street R y.
F t. W ayn e E l. L t. & Power C o.
Loganspori Railway C o.
F t. W ayn e & Southw. Trac. C o.
Logans. Roch. & N or. Trac. C o.
F t. W ayn e Traction C o.
Wabash-Logansport Traction C o.
Lafayette & Logansport Trac. C o.
W abash Rvier Traction C o.
Furnishes electric light in F t. W ayn e, Roanoke and Delphi: municipal
fra n c h is e s extend to 1935 and 1998, except in F t. W ayn e, which tor more
than )4 of street railway are perpetual, the balance being for outlying exten
sions and extending to 1937. Lighting fra n c h is e s in F t. W . extends to 1935.
$1,000,000 com ., $ 1 ,000,000 pref. and $ 1 ,000,000 1st and ref. bonds of
the F t. W ayne & N or. Ind. Trac. were issued tor $1,50 0 ,0 0 0 new cash.
Holders of F t. W ayne Sc Wabash Valley com . received only 4 4 .4 4 % in the
com. stock of the F t. W ayne & N or. Ind. Trac.; holders of pref. received
$ for $, but had to pay $17 50 per share In cash.
STOCK A N D BONDS—
D a te .
In te re s t.
O u ts ta n d in g .
M a tu r ity .
Com m on, $4,000,000 ( $ 1 0 0 ) ......................... _ ...........
$ 4 ,000,000 ......................
l >rcf,6% (cu m ),$4,000,000($1 00) . . .
Q -M
2.500.000
See text
1st & ref mtgo $ 1 5 ,0 0 0 ,0 0 0 --. 1911
5%
1.195.000 M ar 1 1931
F t W & W Val T r 1st cons M l 1904
5 g M -S
6.966.000 M ar 1 1934
$7,500,000 gold ($1,000) c * j l n t . at Commercial T r. C o ., Phila., trustee.
F t W & W Vail Tr car trusts—
Series “ A " ($ 1 ,0 0 0 )...........................
5 F -A
50,000
See text
Series “ B ” ( $ 1 ,0 0 0 ) .....................
5 M -S
20,000
See text
5 g F -A
275,000
1931
W abash Riv T r C o 1st m tge/ 1901
$350,000 ($1,000) g o Id -.c * \ In t. at N . Haven T r. C o ., N . H aven, trustee.
F t W ayne T r m tge $ 1 ,5 0 0 ,-/ 1899
4 g A -O
29.000 Oct 1 1929
0 0 0 gold ($ 1 ,0 0 0 )________ c * ( ln t . at Guard. T r. C o ., Cleveland, Trustee.
Lafayette Street R y 1st m tg e/ 1893
5)4 J-D
225,000 June 1 1923
($1,000 each) $ 2 2 5 ,0 0 0 . .c * f Int. at Real Estate T r. C o ., Phila., Trustee.
Laf & Log Tr 1st M $ 1 ,0 0 0 ,-/ 1906
5 g J -D
849,000 Juno 1 1936
000 g ($1,000) gu p & i_ .c * i Int. at G uar. T r. & S. D . C o ., Phila., Trustee
F t W B Sc M 1st M $ 4 0 0 ,0 0 0 / 1905
5 g J-J
400,000 July 1 1935
goid ($1,000) guar p & 1___(In t. at G uar. T r. & S. D . C o ..P h ila ., trustee
F t W Power C o m tge________} 1907
5 M -N
57.700 N ov 1 1 9 3 7
(In t. at Guar. T r. & S. D . C o .,P h iia ., trustee.
ELECTRIC RAILWAYS
52
Stock.— Both com . and pref. stocks aro listed oh Phila. Stock Exch.
V . 94. p .8 2 6 .
B onds.— O f the 1st & ref. m tge., $ 8 ,807,000 aro reserved to retire under
lying bonds and remainder for acquisitions .extensions and additions. Subj.
to call as a wholo on any int. day on or after M ar. 1 1916 at 105 and int. O f
the F t. W ayno & W a b . Val. consol, m tge. for $7,5 0 0 ,0 0 0 , $534 ,00 0 aro re
served to retiro underlying liens. See V . 78, p. 2011. In .addition to
bonds noted above, there are $ 3,500 lost bonds of the Logansport R y. out
standing, duo Sept. 1 1929. The F t. W . & W . V . consols of 1904 aro not
subject to call bof ore m aturity. Thoy are listed on Phila. Stock Exch. The
W a b . Itiv. Trac. C o. 5s of 1901 aro subj. to call at any time at 105 & int.
Lafayette & Logansport 1st M . is closed; no moro bonds can be issued.
The Lafayotto St. R y . 1st M . 6s were extended for 10 years to Juno 1
1923 at 5 A % interest.
Car trusts aro guar., p. & L , by end. by F t. W ayn e & W abash Vail. Trac.
C o . The Penn. C o . for Ins. on Lives & Granting Annuities is trustee.
D iv id e n d s .— On pref., \ 'A % qu ar., from organization to Sept. 1912. In
M a y 1913 a scrip div. of 3 % was paid, covering divs. payablo D ec. 1912
and M a r. 1913. See statement in V . 96, p. 1422. N one sinco,
R O A D .— Operates 209 m . main track connecting F t. W ayn o, Hunting
ton, W abash, Peru, Logansport, Delphi, Lafayette and Bluffton; also local
lines in Ft. W ayn e, W abash, Poru, Logansport and Lafayette. Total track,
220 miles. A t Logansport, Peru, W abash and Bluffton connection is
made for Indianapolis over tracks of Indiana Union Traction C o. In M a y
1906 began through service between F t. W ayn e and Indianapolis over
tracks of Union Traction C o . o f Ind. See V . 82, p. 1101. Rails, 60, 70,
72, 80 and 90-lb . Owns 2 power houses and 4 pleasure parks. Owns
180 pass, cars and 60 other cars. Controls entiro electric light and power
business of F t. W ayn e.
R E P O R T .— For calendar years ending D ec. 31:
C a le n d a r
Gross
N e t (a fte r
Other
In te r B alance,
Y e a r—
E a rn in g s . Taxes).
In c o m e .
est.
S u rp lu s .
1 9 1 2 ................................... $1,706,141 $645,759
$6,957 $509,790 $142,926
1911 .................................. 1,600,160
611,183
5,622
________
_____
499,882
116,923
O F F IC E R S .— Chairman of Board, J. Levering Jones; Pres., James M .
Barrett, F t. W ayne; V .-P . & T reas., Henry C . Paul, F t. W ayne; Sec.,
I I . E . Vordermark, F t. W ayn e; A sst. Sec., Henry R ainey, Phila.— V . 92,
p . 594, 794; V . 94, p. 826, 982; V . 96, p . 1296, 1422.
FORT WAYNE & SPRINGFIELD RAILW AY CO.— A trolley road.
R eceivership.— On Sept. 14 1912 passed into the hands of a receiver. U p
to date o f receivership mortgage interest was paid.
O R G A N I Z A T I O N .— Incorporated July 2 1903 in Indiana. V . 8 6 , p.
1042.
Private right of way between F t. W ayn e & Decatur. F ra n c h is e for
50 years in D ecatur, 28 years in F t. W ayn o. See V . 8 9 . p. 162.
S T O C K A N D B O N D S — ■ D a te .
In te re s t.
O u ts ta n d in g .
M a tu r ity .
Com m on $ 1 ,000,000 ($100)_________
F -A
$676 ,30 0
See text
First mortgage $ 1 ,0 0 0 ,0 0 0 1 1 9 1 0
5 g A-O
209,000 April 1 1930
gold ($500)-----------------------c * /l n t . at Cleveland Trust C o ., C love., Trustee.
B o nds.— Arc subject to call at 105 on any interest day.
D iv id e n d s .— In 1907, 2 % ; in 1908, 4 % ; in 1909, 4 % ; in 1910, (7 ).
E A R N I N G S .— ’For year ending D ec. 31 1912, gross, $52,179 ; net, after
int. and taxes, $ 2,549.
R O A D .— Operates 2 1.6 miles between Decatur and F t. W ayn o. Total
track, 23.7 milos. 70 -lb . T rail; gauge, 4 ft. 8 A in. A n extension from
Decatur to Borno (12 miles) is being constructed.
O F F IC E R S .— Pros. & M g r ., W . H . Fledderjohann; V .- P ., B . A . Fledderjohann; Sec., John II. Koenig; Troas., C has. D irkson.— V . 8 6 , p. 1042;
V . 89, p. 162; V . 9 0 , p. 1101.
FORT W O R TH , TE XA S.
N O R T H E R N T E X A S E L E C T R IC C O .— A holding com pany.
O f the common stock, $350 ,00 0 is ownod by Pub. Service Invest. C o.
O R G A N I Z A T I O N .:— Incorporated in M aine N o v . 16 1905 and owns the
entiro stock and participating bonds o f tho Northern Texas T ra c tio n C o .,
which does all the electric-railway business in Fort W orth and operates an
interurban lino between that city and D allas, 33 miles. Enters Dallas over
its own tracks. See V . 89, p. 411.
On Juno 29 1911 tho Fort W orth Southorn Trac. C o. was incorp. in Texas
(auth. stock $ 1 ,500,000; o u t., $ 1 ,0 0 0 ,0 0 0 — all owned by Northern Texas
Electric C o .), to own and oporato an intorurban railway 28 miles between
Fort W orth and Cloburno. F ran c h is e s of Northern Texas Trac. C o.
in F t. W orth oxpiro in 1973; in Dallas in 1920 and 1953; others between
1945 and 1950; has privato right-of-w ay outside of cities. F t. W orth So.
Trac. C o . in F t. W orth and Cloburno oxpiro in 1936; between theso cities
has privato right-of-w ay, except in towns, & c., in which cases its rights oxp ir e in l9 6 l.
V . 92, p. 1243. Road was completed in A u g. 1912 and began
operation in Sept. 1912.
On Fob. 24 1913 shareholders voted to incroaso auth. pref. stock from
$ 4 ,500,000 to $5 ,0 0 0 ,0 0 0 and tho com . from $ 2 ,500,000 to $5,000,000
(V . 96, p. 488, 6 5 4 ), and holders of both classes of stock wero given tho right
to subscribe for $650,000 now common stock at par. V . 96, p. 790.
S T O C K A N D B O N D S —■ D a te .
In te re s t.
O u ts ta n d in g . La s t D iv .
Com m on $ 5 ,000,000 ($1 0 0 )------------Q -M
$ 3 ,150,000 D ec T 3 , 1H
Pref 6 % n-c $ 5 ,000,000 ( $ 1 0 0 ) ------M &S
4,0 0 0 ,0 0 0 S o p t'1 3 ,3 %
Coll trust M $ 1 0 ,0 0 0 ,0 0 0 gold! 1910 5 g J-J
2,0 6 3 ,0 0 0 Jan 1 1940
sink fund (see to x t)c*& r*tf (In t. at Commonwealth T r. C o ., B o st., Trust.
F t W orth Sou Traction notes! 1911 5 g M - N
8 3 9 , 000 M a y 1 1914
$ 1 ,000,000 ( $ l ,0 0 0 ) - _ c * t f /l n t . at N ew E n g. Trust C o ., Boston, Trus.
N o Tex 7’rac 1st M $2,50 0 ,0 0 0 ( 1903 5 g J-J
2 ,500,000 Jan 1 1933
($1,000) gold— no .sinking! Int. at Citizens’ Sav. & T r. C o ., C lov ., Trus.
f u n d __________________ c * t f l or at Chaso N a t. B ank, Now York.
Stock.— Tho pref. stock is redeemable at 110. V . 94, p. 1449. Both
classes o f stock aro listed on tho Boston Stock Exchange.
B o nds.— O f tho coll, trust bonds, $2,500,000 aro roserved to rotlro N orth
ern Texas Trac. 1st M . bonds; $314,000 in treas.; $62,000 have been retired.
Coupon bonds aro in denom. of $1,000; rogis. bonds, $1,0 0 0 , $5,000 and
$ 1 0,000 . Callable as a wholo or in part, for sink. fd. only, at 105 and int. on
any int. date. S in k in g f u n d o f 1 % of bonds out bogan N o v . 1 1911. Bonds
aro secured by deposit of all tho stock of tho N orth. Texas Trac. C o . V . 90,
I>. 3 73, 1239. F t. W orth Sou. Trac. notes aro a direct obligation of tho
N orth. Texas E lec., but with a 1st M . on tho F t. W orth Sou. Trac.; thoy
aro callablo as a wholo, but not in part, at any time on 60 days’ notice at
101 and int. V . 92, p. 1243. Tho Northern Texas T ra c tio n C o. bonds are
subject to call as a wnolo on any int. day at 105 and int.
D IV I D E N D S .— First dividend on prof. (1 % ) paid M a r . 1 1906 and 2 %
Sept. 1 1906; 1907 to 1913 (incl.) 6 % per annum. First d iv . on com ., 2 % ;
paid Sept. 1 1909; in 1910, 5 M % ; in 1911 and 1912, 6 % ; in 1913, M a r .,
1 'A % ; June, 1 A % ; in Sept, rate was increased to \ % % quar.; D oc., l 3
A% R E P O R T .— O f the combined companies for the 12 months ending
D ec. 31 1913, gross, $ 2 ,132,200; net, after taxes, $952,259; charges, $ 2 6 7 ,
780; sink, fund, $19,138; pref. d iv ., $240 ,00 0; com . d iv ., $194 ,90 4; surplus,
$230 ,43 7.
R O A D .— Subsid. cos. operate 145.78 milos of track,standard gauge; 187
passenger and 16 other cars.
O F F IC E R S .— Pres., Marshall M . Phinnoy; V .-P s ., W ilbur A . Carter
and G uy L . W eym outh; Soc., Chester M . Clark; Troas., Henry B . Sawyer;
G en. M g rs., Stone & W ebster M g t. A ssn ., B oston.— V . 94, p. 1449; V . 95,
p. 680; V . 96, p. 4 88, 654, 790; V . 97, p. 444.
FREEPORT, ILL.
FREEPORT RAILW AY & LIGHT CO.
In Aug. 1912 control was acquired by M iddlo W est Utilities C o ., which
see in our “ Railway & Industrial Section ."
O R G A N I Z A T I O N .— Incorp. in Illinois on A u g . 20 1910 as a consolida
tion of the Freeport R y . Light & Power C o . and the Freeport R y . & Light
C o. (tho holding com pany).
Franchises oxpiro M arch 1 1923. H as traffic arrangement for 50 years
with the Rockford & Interurban R y. C o ., allowing cars o f that company
to enter Freeport. Also has contract for city lighting.
STO C K A N D BON DS—
D a te .
In te re s t. O u ts ta n d in g .
M a tu r ity .
$701 ,30 0
...............
Com m on $ 850 ,00 0.............................................. ................
Pref $400,000 5 % n o n - c u m . . . .....................................
150,000 ......................
Freeport R y Lt & P 1st m tge/ 1903
5 g M -N
332,000
See toxt
$350,000 g ($ 1 ,0 0 0 )---------c* (American T r. & Sav. B k ., Chicago, trustee.
Freep R y & L t m tge $ 2 ,0 0 0 ,-/ 1910
5 M -N
575,000 N o v 1 1935
000 g ($100, $500 & $ l,0 0 0 )\ I n t. at C ont. & C om m . T r . & S. B ., C h.,trus.
[V o l . XCVIII.
B o nds.— In t. on F . R ; , L . & P . bonds is payablo at offices of Rudolph
Kloybolto C o ., In c., in N . Y . , C in. and Chic. Aro sub. to call after M a y 1
1913 by lot at 105 & int. S18.000 have beon retired. M aturity of bonds is
as follows: $5,000 duo in each of tho years 1910, 1912 and 1913 and $5 ,0 0 0 '
annually rrom 1915 to 1921 incl., the remainder in 1922. A sk. f d . provides
for the payment of $2,000 per ann. for first 10 yrs. and $5,000 per aim . there
after. O f the Freep. R y. & L t. bonds, $350,000 are reserved for prior lionsand $70,500 (in addition to amount shown in table) aro hold in tho treas
ury. Thoy aro subject to call at 102 A on 30 days’ notice in 1915. Sinking
fund begins in 1915. V . 91, p. 716.
B
E A R N I N G S .— For cal. year 1911, gross, $102,849; not, $ 39,616 . N o
later figures havo been issued.
R O A D .— Oporates 9 m . of track; 60 and 90-lb. T rail. Standard gauge
— V . 91, p . 716; V . 95, p . 480.
FRESNO, CAL.
F R E S N O T R A C T IO N C O .— A trolley road.
In 1910 Southern Pacific assumed control.
O R G A N I Z A T I O N .— Incorp. in California in 1903 to build 196 m . of elec
tric railway, including lines from Fresno to W aw ona, 79 m .; Fresno to Selma,
Fresno to Trim m er’s Springs and Fresno to Central and Washington C ol
onies. Stockholders in 1904 auth. a m tge. to socuro $ 5 ,000,000 bonds.
V . 78, p. 1222.
STOCK A N D BON DS—
D a te .
In te re s t. O u ts ta n d in g .
M a t u r it y .
Stock $ 5 ,0 0 0 ,0 0 0 - - .............................................- ..............$5,00 0 ,0 0 0 ....................
M ortgage $ 5 ,0 0 0 ,0 0 0 .......... ..
1904
5%
750,000 July 1 1944
Fresno C ity Ry first m tgoj 1902
6 g J-J
128,000 Jan
1 1922
$150 ,00 0 gold ($ 1 ,0 0 0 )- .c*\U nion Trust C o ., San Francisco, Trustee.
B onds.— Fresno C ity bonds have a s in k in g f u n d of $ 3,000 por annum for
first 2 years, $5,000 per annum for next 5 years and $7 ,5 0 0 por annum for
next 10 years, commencing Jan. I 1905. Bonds cannot bo called. In
terest payablo in N ew York and San Francisco.
C O M B IN E D E A R N I N G S .— Incl. Fresno C ity R y . Yoar ending June
30 1 9 1 3 ,gross,$214,221; o p e r .e x p .,in t .,t a x e s ,& c .,$227,952; dof., $13,7 3 1 .
R O A D .— Including tho old Fresno C ity R y . (which tho Frosno Traction
operates under lease), has 31 miles of track in and about Frosno. Standard
gauge, 75-lb. T rail.
O F F IC E R S .— Pres., W . F . Herrin; Sec., F . O. Ambridgo, Frosno; G en.
M g r ., F . W . W ebster.— V . 76, p. 1192; V . 7 7 , p. 1746; V . 78, p. 1222.
GADSDEN, ALA.
ALAB AM A C IT Y G AD SD EN & A T T A L L A R Y .
O R G A N I Z A T I O N .— Incorporated under a special charter from the State
of Alabam a. Operates, besides streot railway, a light plant, an ico plant
and a coal yard.
.
STOCK A N D B ON DS—
D a te .
In te re s t. O u ts ta n d in g .
M a tu r ity .
Stock $500,000 ($1 0 0 )_______________
--------$330,000 .......................
Now mortgage $300,000 gold/ 1906
5 g M -N
298,000 N o v 1 1 9 3 6
($1,000) - .......... ........... ............(Interest at Trust Co. of Am or., N . Y . , Trust.
B onds.— Tho unissued bonds aro reserved for further additions at 9 0 %
of cost. N ew bonds aro subject to call on any intorost date at 105.
E A R N I N G S .— For cal. year 1912, gross, $149,151; in 1911, gross, $138 ,
330.
R O A D .— Operates 11 miles of track, connecting tho points named in tho
title. Standard gauge. 4 0-lb . T rail. Early in 1910 bogan operating a
2-milo extension to plant of Southern Iron & Steel C o.
O F F IC E R S .— Pros., E .T . Schuler, Gadsden, A la .; V .-P . A T reas.,
G . H . Schulor, Jacksonville, F la.— V . 8 3 , p. 817.
GAINESVILLE, GA.
G A IN E S V IL L E R A I L W A Y & P O W E R C O .
O R G A N I Z A T I O N .— Incorporated in Georgia in July 1909.
Is successor
to the Gainesville Electric R y ., sold at foreclosure. V . 8 9 , p . 103.
STOCK A N D BONDS—
D a te .
In te re s t.
O u ts ta n d in g .
M a t u r it y .
Stock, $150 ,00 0 ($1 0 0 )............... - ......................................
$130 ,50 0 - - - - - ...........
M ortgage, $ 1 50 ,00 0,
goldf 1909
6 g J-J
130,500 Jan. 1 1930
( $ 5 0 0 ) _________________ c * tf (Int. at Cent. Bk.&Tr.G orp.,Atlanta,G a.,Trus.
Bonds.— Remaining bonds are for extensions and botterments. Subject
to call after 1914 at 105.
E A R N I N G S .— For calendar year 1913, gross, $34,8 0 6 . In 1912, gross,
$35,3 0 4 . In 1911, gross, $26,029 .
R O A D .— Operates 6 miles betwcon Gainesville and N ew Holland and to
Chattahoochee Park. Standard gauge, 70-lb. T rail.
O F F IC E R S .— Pres., W . A . Carlisle; V . - P . .W . H . Slack; Sec.. Ophelia
________
M erck.— V . 8 9 , p . 103.
GALESBURG, ILL.
R O C K IS L A N D S O U T H E R N R A IL R O A D .
O R G A N I Z A T I O N .— Incorp. in 1906 under Steam R R . Act o f Illinois.
Operated by electricity for passengers and steam for freight. Is controlled
by same interests as Rock Island Southern R y. 1<ranchises In M onm outh
aro for 20 years.
STOCK A N D BONDS—
D a te .
In te re s t.
O u ts ta n d in g .
M a t u r it y .
- - - - $500,000
...
S to c k ,$500,000 ($100)...........................
1st M , $2,500 ,0 0 0 , g ($1,000)7 -------_ . 5 g J-J
521,000 Jan. 1 1947
red at 105................................c\Int. at Am or. T r.& S av . B k ., C h ic., Trustoo.
E A R N I N G S .— For year ending June 30 1912, gross, $85,603; not, after
taxes, $43,051 . In 1911. gross, $80,475 ; net, after taxes, $ 40,556 .
R O A D .— 16 miles between Galesburg and M onm outh. 75-lb. rail
Standard gauge.
O F F IC E R S .— Pres., M . A . W alsh; V .- P ., E .C .W a ls h ; Sec., J. W . W alsh ;
T reas., O . H . W alsh; G en. M g r ., W . W . M cCullough.
GALVESTON, TEXAS.
G A L V E S T O N -H O U S T O N E L E C T R IC C O .— A holding company.
O R G A N I Z A T I O N .— Incorp. In M aine on M a y 8 1907. Controls
through ownership of stock tho Galveston Electric C o. and tho Houston
Klee. C o ., which companies do the entire electric railway and part of the
electric lighting and power business in Galveston and the ontiro electric
railway business in Houston. Also owns stock of G alv.-H ous. Elec. R y .,
an interurban road between Galveston and Houston, 4 4 .5 miles, and guar
antees its bonds, p ., 1. and s. f. Franchises oxpiro in Galveston in 1950; in
Houston, 1935. Tho interurban is on private right-of-way. $150,000
com . stock is owned by Public Service Investment C o.
.
On O ct. 6 1913 tho stockholders authorized an increase in tho capital
stock from $ 4 ,000,000 common and $ 3 ,000,000 pref. to $5 ,0 0 0 ,0 0 0 common
and $ 4 ,000,000 pref. See V . 9 7 , p. 8 02, 1024
O u ts ta n d in g . L a s t D iv .
ST O C K A N D BO N D S—
D a te .
In te re s t
3 3 ,000,000 Sopt’ 13, 3 %
C om m on, $ 5 ,000,000 ($100)------------M -S 15
3,000.000 Scpt’ 1 3 .3 %
M -S 15
Prei $ 4 ,0 0 0 ,0 0 0 6 % cum ( $ 1 0 0 ) ------6________
00,000 April
1 1914
Convertible notes, $2,000,0001 1911
6 A -O
.
( $ 1 ,0 0 0 ) ........ ..............c .* .n t f /l n t . at Stato St. Trust C o ., B o s., Trustee.
G alv Electric 1st M $ 2 ,5 0 0 ,-/ 1905
5 g M -N
1,413,000 M a y 1 1940
gold ($1,0 0 0 )................. c * t f In t. at Old Colony Trust C o . , Boston. T rus( tee, or at company’s agency In Now York.
G alv-H ous E l R y 1st M 35,-1 1909
5 g A-O
2,974,000 O ct. 1 1954
000,000 g guar.............c & rtf (In t. at Old Colony T r. C o ., B ost., Trustee.
Hous Elec Co 1st M $2,500,-1 1900
5 g F -A
2 .0 8 9 ,0 0 0 A u g. 1 1925
000 g ($1,000) sk d _ _ c * t f | ln t . at Intcrnat. Trust C o .. B ost., Trustee.
Slock.— Pref. is callable at 120 and accum . div. Doth prof, and com .
are listed on Boston Stock Exchango. Unissued pref. ($9,500) Is reserved
for exchango o f an equal amount ot prei. ot Galveston Eloctric C o . and
Houston Electric C o.
N otes.— Outstanding notes aro convertible into common stock at par
until and incl. Jan. 1 1914; remaining notes m ay be issued with or wittyout
conversion privilege. Subject to call as a whole on 60 days’ notice at 101
and Int. on any Interest day. V . 9 2 , p . 794.
ELECTRIC RAILWAYS
54
Galveston E le c tric Co.— O f the bonds, $ 1 ,026,000 reserved for additions
and mints. at 8 0 % of cost and $61,000 have been retired. A s in k in g f u n d
of 1 A Vo of bonds certified began July 1 1903, if earned, and on July 1 191 1
became a fixed charge. Bonds are subject to call as a whole or in part for
sinking fund on any int. date at 110 and int. on 30 days' notico. Seo V. 8 1 ,
p . 975.
•
E le c tric fly.— O f the remaining $ 2 ,2 5 0 ,0 0 0 bonds,
$ 2 50 ,00 0 are held in trust for benefit o f company and balance is reserved
for acquisitions and im pts. D enom ., coup., $500 and $1,0 0 0 ; reg., $1,000
and $ 5 ,0 0 0 . Subject to call on any int. day in whole or in part,, for sinking
fu n d ,a t 105 and int. Sink, fund of 1 % o fb o n d sF e b . 1 1 9 1 0 to 1914;theroaftor 1 A % First five payments waivable. Bonds are guar., p ., 1. and
s. f ., by G alv.-IIou s. Elec. C o. Seo V . 90, p. 697.
H o u s to n E le c tric Co.— Entire issuo, but not any part, can be called at
1 07A and int. S in k in g f u n d of 1 A % of bonds outstanding payable on
A u g. 1 each year. See V . 74, p. 680. $411,000 of bonds n o t reported
outstanding was held by this fund on D ec. 31 1913.
D I V I D E N D S .— On com m on, 1 A % soml-ann. since Sept. 1909 to and
incl. M a r. 1912, amount then increased and paid 2 % in Sept. 1912. In
M a r. 1913 increased to 2 A % and in Sept, to 3 % .
E A R N I N G S .— O f the combined companies for 12 m os. ending D ec. 31
1913, gross, $ 2,373,065; n et, after taxes, $1,02 0 ,6 9 2 ; charges, $363,304;
sink, funds, $57,908; pref. div. ( 6 % ) , $169,626; com . div. (5 A % ) , $165,000;
surplus, $264 ,85 2.
O F F IC E R S .— Pres., Marshall M . Phinney; V .- P ., G . L . W eym outh;
Sec., Chester M . Clark; T rea s., Henry B . Sawyer; Gen. M g rs., Stone &
W ebster^M ^t.^A ssn .— ^V. 95, p . 679; V. 96, p . 419, 652; V . 97, p. 666,
G A R Y, IND.
G A R Y & INTERURBAN RR.
®i7non^™ na? ° " ? l eT York Electric Air Line R y. (incorporated in M aine,
$ 1 2 ,0 0 0 ,0 0 0 stock); is understood to hold $ 2 ,600,000 Gary & Interurban R R .
stock in its treasury. See V . 97, p. 950.
— Incorp. Jan. 28 1913 In Indiana as a consolidation
of the Gary & Interurban B y., Gary Connecting R y s ., Valparaiso & N orth
ern R y. and tho Goshen South Bond & Chicago R R .
V . 96, p. 1422.
Prior to consolidation the last-named had owned all the stock of tne Gary
Connecting R y s., 5 1 % o f the stock of tho Valparaiso & Northern R y. and
about 4 0 % of the Gary & Interurban R a ilw a y s stock, the four oompanies
having been operated under Joint contract.
F ra n ch ise s of old Gary & Interurban fly. expire as follows- In G ary, 1957Tolleston, 1959; East Chicago & Indiana Harbor, 1949; Hammond ‘1939
’
In N o v . 1913 application was made to the P. S. C om m , for permission
to issue $100,000 6 % notes payable N o v . 1 1915, secured, it is said by a
first lion on tho lino from Laporte to W oodville Jet., to refund $100 000 of
notes of the Goshen South Bond & Chicago R R .
V . 97, p. 1426.
A™ ?
PnnT
D a te M e r e s t. O u ts ta n d in g .
M a tu r ity .
$3 7 0 7 800
Com m on $ 4 ,000,000 ($100)___ ______
Pref 6 % non-c$ 1,000,000($ 100)____
1 000 000 ------------------G ary & In te r u r b a n Ry—
'
'
Refunding and first mortgage m o
5 J-J
1,153.000 July 1 1 9 3 0
$10 ,0 0 0 ,0 0 0 gold ($500 and Int. in N . Y . or C h ic., or through Lawrenco
$ ,
) ____________________
Barnum& C o ..W e s t.T r .& S a v .B k .,C h .,T r .
C onv notes $350,000 gold 1912
6 g M -S
350,000 Sept 1 1915
($500 and $ 1 , 0 0 0 ) . . ____ c* (Baltimore Trust C om pany, Trustee.
G ary C onnecting R ys.—8 0ld { 1 9 H
5 g J -D
4 00,000 June 1 1921
(5500 and $1,000) guar. _c* (Western T r. & Sav. Bank. Chicago. Trustee.
V a lp a ra is o & N o rth e rn R y .—
First m tge $250,000 ($100) g f ------5 g A -O
250,000 April 1 1930
callable at 1 0 5 . . -------------- c lln t . at M e t. T r. & Sav. B k ., C hic., Trustee.
Stock.— Authority has been given to Increase stock to $ 7,500,000 as re
quired. Pref. stock is to share in dividends on same basis with common
after latter has received 4 % .
G a ry & In te r u r b a n R y.— Remaining bonds m ay be issued for 9 0 % of cost
of extensions, improvements, & c., under certain restrictions. Subj. to call
at 105 and int. 8k . fd . of 1 % of bonds out each year from 1915 to 1920 and
2 % thereafter. V . 91, p. 1385. Convertible notes are secured by deposit
o f $500,000 (entire issue) East Chicago R y . 1st M . 5s, due 1928, and all of
its $500 ,00 0 stock. C onv. into said bonds at 90 and int. on Sept. 1 1915
upon 60 days’ written notice. Tho E . Chic, bonds are guar. p. & 1. by the
Gary & Inter. R y . Tho deed of trust provides that tho Gary & Inter. Ry
acquire tho E . Chic. R y. upon tho m aturity of the notes, when an eouai
amount o f Gary & Inter. R y . ref. 5s, duo 1930 will be reserved for the re
demption of tho E . Chic. R y . 1st M . 5s due 1928. V . 95 i) 890
Notes
are listed on Baltimore Stock Exchange.
G a ry C onnecting Rys.— 1st M . bonds are subj. to call at 105 and int. Int.
1 000
at™"”
v S ffiw M
T M
b00da" e
.fn S lI*
,,,tcrlirb“
*»•«*
Jun» 30
R O A D .— Operates local lines in Gary and extension through Tolieston
to H am m ond and East Chicago (connecting at Hammond with lines running
to centre o f Chicago), 22 miles; an extension to Indiana Harbor 13 milesLa Porte to Goodrum, 22 miles; Gary to Goodrum, 16 miles; from Chester
ton and Porter, through Goodrum to Valparaiso, 12 miles; total miles of
track, 85. Standard gauge; 60 and 85-lb. T rail.
O F F IC E R S .— Pros., F . N . G avit, W hiting, III.; V .-P ., A . C . Miller Chi
cago; Sec., C . W . Chase Chicago: Treas., L. E . W oodward. Valparaiso.
— V. 06, p. 359, 1422; V . 97, p. 950, 1426.
4
GENEVA, N. Y .
GENEVA SENECA FALLS & AUBURN RAILROAD CO., INC.
O R G A N I Z A T I O N .— Incorp. M a y 28 1913 as successor o f the Geneva &
Auburn R y . sold at foreclosure M ar. 14 1913. Public Service Commission
authorized the sale of $524,000 bonds at not loss than 85. V . 07, p. 298.
BONDS—
D a te .
In te re s t. O u ts ta n d in g .
M a tu r ity .
f i M in n
Stock, $ 2 0 0 , 0 0 0 ________________
lo
* n o A nnn
Z --------*■*” ■ * * ¥ ¥
- ---------------------B onds, $ 5 24 ,00 0........................... 1 9 1 3
5%
475(000 July 1 1943
R O A D .— Extends from Genova to Cayuga Lake Park through W aterloo
T^dtrackCstandard1 g a u g f 1 skiings’ ** m lle-
R a,ls 70' lb - girder and 60-lb.
GIRARD, PA.
CLEVELAND & ERIE RAILWAY CO.
O R G A N IZ A T IO N .— Incorporated in June 1909. Is successor to Conneaut & Erie Traction C o., sold at foreclosure. Owns all the stock and
bonds and leases the Conneaut & Erie Traction Co. of Ohio, which own»
1.99 miles of track. F ra n c h is e s are for 999 years.
B 0 N D S -—
D a le -
In te re s t.
O u ts ta n d in g .
M a tu r ity .
First mortgage $800,000 gold) 1909
5 J-J
500,000 July V 1929
($250 and $ 5 0 0 ) .......... _ _ _ c ) ln t . at Fidelity Trust C o., Phlla., trustee
Income bonds $500,000 ($250] 1909
5 July
500,000 Julv 1 1929
and $ 5 0 0 ) ................................Jln t. at Fidelity Trust C o.. P h lla., trustee.
B o n d s .— Remaining first mortgage bonds are reserved for extensions,
betterments, &c. They are subject to call at 105 and Int. on 3 mos ’ no
tice. In t. on Income bonds is only payable if earned, and is non-cum
They are subject to call at par. Bonds have no sinking iund
No Inter
est has been paid on Incomes.
. KF £ P cN I ?v.G S.-— For 12„m0S- ending June 30 1913, gross, $118,656; net,
$51,855; other income, $217; in t., taxes and rentals, $38,681; sur., $13,391 .
R O A D .— Owns 31.20 miles of track. Operates between Conneaut’ and
Eric. Standard gauge; 60-lb. rail; 9 passenger and 8 other cars.
O F F IC E R S .— Pres., C. E . W lllock, Pittsburgh; V .-P ., j s Rilling
Erle- p , -: seo - J - “ •s m i,b - ° ' “ w - p * ;
[V o l . XCVIII
GIRARDVILLE, PA.
SCHUYLKILL RAILWAY CO
O R G A N IZ A T IO N .— Incorporated In Pennsylvania on July 20 1903 and
purchased the property of the Schuylkill Traction Co. and the Lakeside R y.
Co. V . 80, p. 1720.
In Jan. 1914 Increased bonded dobt from $1,450,000 to $1,600 000.
V . 98, p . 2 3 8 .
8 t« X °s ln n n n fP f* ^ m Nr>S—
Date
In te re s t.
O u ts ta n d in g .
M a t u r it y .
1st cons mtge. $1,450,000, g] 1905
5 g A-O
640 000
A n f l '1 9 3 5
Phlla
Tnjstee
($500 and $ 1 ,000)---------- c ’ /I n t . at Fidelity Tr. Co
B o n d s — O t the remaining first consol, bonds, $76 0,00 0 are reserved to
retire the underlying liens in statement below and $ 50 ,000 are in treasury
Are subject to call at par and interest.
y"
E A R N I N G S .— For year ending June 30 1912, gross, $188 471- net a fter
Leib, Pottsvllle.— V . 80, p. 1729; V . 82, p. 1157; V . 87, p. 286.
(1)
Schuylkill Traclion Co.— A trolley road.
O R G A N IZ A T IO N .— Chartered Sept. 26 1892, In perpetuity under the
Motor Traction Act of March 22 1887. Road opened June 1 1893
On Jan
6 1893 leased for 999 years the Mahanoy City Shenandoah Glrardvllle <fc
Ashland Street Railway. On O ct. 5 1893 leased for 999 years the Ashland
Locustdale & Centralia Elec. R y . Owns all the stock of these two roads
which Is pledged under the first mortgage. On April 27 1900 leased for 9 9 9
years the Lakeside R y .. which connects the two ends of the company’s
routes from Mahanoy City to Shenandoah and purchased 2,600 of the 5,000
shares of the capital stock. On Jan. 24 1901 leased the Shenandoah <&
Pottsvllle Street R y. for 999 years (Incorporated A u g. 1 1900), and from
Pottsvllle to Shenandoah, 13 miles, and bought all Its capital stock. The
Lakeside Shenandoah & Pottsv. stock Is pledged under consol, mtge.
STOCK A N D B O N D S — M i l e s . D a t e . I n t e r e s t .
O u ts ta n d in g . M a t u r i t y .
1st M, $500,000, g, $500) 22 A
1893
5 g A-O
5500.000 April 1 1943
* $1,000, 8 f $ 1 0 ,0 0 0 iInterest is paid at Eqult. Tr. Co., Trustee, Phlla.
y ly after Apr ’98.c*J Bonds may be purchased for slnklug
fund at 105.
1st mtge, Lakeside R y,) 5 A
1893 4 g M-N
150,000 N ov 1 1923
g, $150,000, guar by (Interest at Equitable Trust C o.. Philadelphia,
Schuylkill Traction ..J
Trustee.
New con mtge, see text] . .
1901
4H g J J
105,000 July 1 1 9 5 1
($1,000), g .............c*jInterest at Fidelity Trust C o., Pliila., Trustee.
Power-house mortgage________ ______
________
5.000 ................. ....
B o n d s . — A u th. amount of consol, m tge. was $2,0 0 0 ,0 0 0 , but mtge. has
been closed with $105,000 out. Of the outstanding bonds $36,000 are held
In the treasury. Subject to call at 105 and interest. S i n k i n g f u n d of 1 %
of bonds out became operative A u g. 1 1907.
R O A D .— Schuylkill Traction Division 22 A miles of track, beginning at
Locustdale, thence through Ashland, Holmcsvllle to Glrardvllle, forming
there a Y one branch running through Lost Creek to Shenandoah and the
other branch to Malzevllle, Gllberton and Mahanoy City.
Lakeside D1
vision H A miles. Total 28 miles. 60 and 70-lb. T rail.
Extensions of 43
miles proposed and charters obtained. Operates 51 motor cars, 4 work
cars and 2 snow sweepers.
Extensive Improvements have been made,
— V . 80, p. 1729.
GLOVERSVILLE, N. Y.
FONDA JOHNSTOWN & GLOVERSVILLE RR. C O .— Steam and
electric road.— Seo statement in “ Railway and Industrial” Section.
GRAND RAPIDS, MICH.
COMMONWEALTH POWER. RAILWAY & LIGHT CO.— (See M a p o n
page 53.)
O R G A N IZ A T IO N .— Incorporated In Maine Feb. 19 1910 to carry out
the plan outlined In V . 90, p. 1 0 8 ,447, for amalgamating certain gas elec
tric light, power and street railway enterprises In Michigan.
Controls through stock ownership tho
Consumers Power Co.
Saginaw-Bay City Railway Co.
Grand Rapids R y.
Cadillac W ater & Light Co.
Michigan Light Co.
Grand R ap. Holland & Chic. R y.
M ichigan Railways C o.
Springfield (O .) L t ., l i t . & Pow. C o .
Saginaw & Flint R y.
Union Ity ., Gas & Elec. C o.
On Sept. 30 1913 constituent companies had outstanding in hands of the
public $52 255,300 bonds and $11,499,900 pref. stock.
The Michigan & Chicago Electric R y . Is constructing a line between Grand
Rapids and Kalamazoo in the interests of the Commonwealth Power, R y. &
Liglit C o. and when completed will form part of tho system. In M ay
1913 It was authorized by the M ich. R R . C om m , to increase its stock
from $3,000,000 to $6,000,000 ($1,017,000 for cash), to issue $3,260,000
bonds to take up a previously authorized issue, and later, when re
quired, to issue $3,512,500 additional bonds for new construction, & c.
V . 96, p. 1423.
On M a y 15 1913 tho company acquired (through exchange of new stock
on basis shown In V . 9 6 , p. 1296) the outstanding capital stock of the Union
R y ., Gas & Elec. C o. and tho Springfield (O.) Light C o . (V . 96, p . 1298)
and tho Michigan Railways C o. and for realizing $ 7 ,125,000 cash through
sale of $ 7 ,500,000 5-yr. 6 f 0 cov. bonds at 9 5 . See plan in detail in V . 96,
af ter Issu e o f A fo re s a id S e curities.
STOCK A N D BON DS—
D a te .
In te re s t.
O u ts ta n d in g .
la l u r i t y .
Common ($100)-------------------------------------------- * 5 1 5 50 0 000
See text
Preferred (6 % cum) ($100)
------Q -F
16,000(000
See text
Conv
bonds,
.^lO.OOO.OOOj
6 M -N
8,000,000 M ay 1 1918
($100, $500 and $ 1 ,0 0 0 ). 0 * jln t . payable in New York and Philadelphia.
* Under the plan. $2,500,000 additional common stock is to be issued
M a y 1 1915 and $3,000,000 M a y 1 1910.
Pref. stock Is redeemable at 105 and accrued dividends.
B onds.— The proceeds of the conv. bonds woro used (1) to retire the
$2,000,000 notes maturing Juno 10 1013; (2) for the acquisition of $2,1 0 0 ,
000 pref. stock and approx. $1,500,000 notes of M ich. R ys. C o .; remainder
was available for com pany’s purposes. Bonds are conv. (In amounts of
$1,000 or multiples thereof) on or after M ay 1 1916 Into an equal amount
of pref. stock at par, and upon conversion bondholders will also receive
common stock equal to 3 0 % o f bonds so converted.
V. 96. n 12 9 6
1556. Bankers Trust C o ., N . Y . . Is trustee.
*
D iv id e n d s .— Quar. dlvs. o f l A % on pref. have been paid since organiza
tion. First div. on com .— -1 % — paid M a y 1 1913; Aug. 1913 l r; - N o v
1 % . In 1914, F e b ., 1 % .
’ /c ’
v”
L A T E S T E A R N I N G S . — For 12 m os. end. Sept. 30 1913, gross $1 0 40 180; expenses and taxes, $85,939 ; interest, $258,873; pref. dlvs $610 000balance, $994,369.
R E P O R T .— Tho annual report for tho year ending June 30 1913 will be
found in V . 97, p. 440.
Condensed E a rn in g s Statem ent fo r Years e n d ing J u n e 30
[Incl. earnings from M a y 1 1913 only on stocks acquired that date
1912-13.
1911-12
1910-11
Earnings on stocks owned In sub .c o s .. $1,499,959 $ 1 098 931
$1 0 1 5 5 3 9
Miscellaneous earnings------------------------155,556
82(238
’ 4 5 (75 9
Gross earnings_________ ______ _______ $1,655,515
Expenses and taxes______________________
$90,186
Interest paid______________________________
129,094
Dividends on preferred stock----------------460,000
Dividends on common stock ( 2 % ) —
275,000
Balance for replacements, depr., & c .
$701,234
$741,914 $668,243
Combined earnings for the 12 m os. end. June 30 1913, gross, $13,6 5 4 ,3 7 5 ;
net, after taxes, $5,825,822; bond in t., & c ., $3,756,872; bal., $2,068,949.
P R O P E R T Y , & C . Through its constituent companies owns and oper
ates electric railways serving 67 cities and towns with 889.03 miles of single
track; electric power and ight companies serving 78 cities and towns with
sales during the year ended N o v . 30 1913 of 189,482,867 k . w. h .; 17 hydro
electric plants with an installed capacity o f 69,930 li. p .; 17 steam electric
plants with an Installed capacity of 98,800 h. p .; high-tension transmission
lines aggregating 005.36 miles In length: gas companies serving 11 cities,
with sa es during the year ending N o v . 30 1913 of 1,968,684,600 cubic feet.
O F F IC E R S .— Pres., Anton G . Ilodenpyl; V .-P ., C . M . Clark: V .-P .,
W . S. Reed; V .- P ., G eo. E . Hardy; Sec. & T reas., Jacob Hekm a; A ssS
Sc<V„& o\s.s t \ 7 r^
■’ Gn A ■Bears« n •— V . 90, p . 1 0 8 .4 4 7 .6 2 6 . 916. 976; V . 9 U
p. 3 8 ,2 1 4 ; V . 02, i). 260, 704; V . 93. p. 1786; V . 04, p .7 6 7 ; V . 96, p. 135.
1296. 1 4 2 2 ,1 5 5 6 ; V . 9 7 , p. 236, 1426.
’ 1
Jan ., 1914:.]
ELECTRIC RAILWAYS
(1) M ich igan R ailw ays C o.
Incorp. in M aine in D ec. 1911 (V . 91, p. 08). Under plan dated April 26
1918 com . stock was exchanged for $2,000,000 in certits. oi the C om m on
wealth I’ower, R y . & Light C o ., calling for delivery of com. stock on M a y 1
1915. Commonwealth C o. also acquired $2,100,000 pref. stock and ap
proximately $1,500,000 notes of the com pany.— V . 96, p. 1298, 1423.
a . M ichigan U n ited T r a c tio n C o.
All the stock is owned by the M ich. R ys. C o.
O R G A N IZ A T IO N .— Incorp. In Dec. 1911. Stock $100,000. Leases
the Mich. United R ys. for 999 years. On March 18 1912 the Mich. Ry
Engineering Co. was Incorp. In Interest of Mich. United Trac. Co. to take
care of Its repair and construction work. V . 94, p. 1317.
E A R N I N G S .— For year end. N o v . 30 1913, gross, $1,822,798; net, after
taxes, $742,356; in t., $360,400; surplus, $281,956.
O F F IC E R S .— Pres., B . C . C obb, Now Y ork; V .-P s ., Frank Silhman Jr.,
P h ila., and John F. Collins, Jackson; T reas., J. W . Glendening, Jackson,
Sec., G . B . D obbin, Jackson; A sst. Sec. & A sst. T reas., S. E . \v olf, N . \ .
— V . 94, p. 631. 698, 1317.
(a) (Michigan United R ys.— A third-rail and trolley system.
O R G A N IZ A T IO N .— Incorporated In Michigan on March 31 i9 0 6 iind
on May 1 19**6 took over the Michigan Traction C o., the Michigan 1 action
Extension C o., the Jackson & Battle Creek Traction C o., and the Lansing &
Suburban Traction Co. The Lansing &■Jackson Railway Co. has also been
deeded to the Michigan Un. R ys. In Oct. 1907 the Lansing So. R y . was
incorporated as a subsidiary company to build two miles of electric railway
through Mason, Mich. Stock. $50,000.
_
In s<>08 nurchascd Jackson Consolidated Traction Co.
v . 84, p. 1183,
and V 8 7 p 285.
Latter company’s fra n c h is e s In Jackson expire I n I960.
The cl tv of Jackson has the right to purchase the Jackson Consolidated
Ti*ao nf «n aonralsed valuo In 1930 and cacli o years tliereaitcr.
Iti Aprll 1911 leased for 5 years the K al. Lake Shore * Chic. R y .. which
operates a steam line between Kalamazoo and South Haven about 54 miles,
and (during the summer only) from South Haven to Paw Paw Lake, 17 m .,
and will equip It for electric operation. It is stated that road will be extended
t ■ Benton Harbor and fast boat service between that city and Chicago in
augurated. V . 92, p .1 1 7 8 . Up to Jan. 1 1914 had not been completed.
Sl'OC K A N D B O N D S —
D a te .
In te re s t, o u ts ta n d in g .
M a t u r it y
Common, $6,000,000 ( $ 1 0 0 ) ,------------------- - - - $6,000,000
------------------Pref $1 000,000 ($100) 6 % CU .............
M-S
1 000,000
See text.
1st & ref’g mtge $12,500,0001 1906
5 g M -N
7,208,000 May 1 1 9 3 6
gold ($ t,0 0 0 , $500 $250, (Int. at Knickerbocker T r.C o., N . Y . , trustee,
$100 and $ 5 0 ) ___c & r .c p t )
or N at. Provincial Bk. of E ng.. London.
Mich Tract 1st m tg e .............1901
5 g J-J
606,000 Jan
11921
$7(Hi,ooo ($1,000) g c’ . n t f lInterest at New York Trust C o.. Trustee.
Michigan T racE x t first m tge!
1903
5g J D
358,000 Dec.
1 1923
$500,000 ($1,000) g . c .c p t l l n t , at Knickerbocker Tr. C o., N . Y .. Trust.
Jackson & Battle Creek first)
1903
5 g J-J
1,200.000 Jan.
1 1923
mortgage, $1,200,000 ($1,- (Interest at Citizens’ Savings <fe Trust C o.,
000) gold . _______ c ’ .c p t )
Cleve., Trustee, or First N at. B k., N . Y .
1904
5 g M -N
790,000 May
l 1934
Jackson Consol Trac 1st m tge)
$t .000,000 gold ($100, $500 (Interest at Guardian Trust Co., New York,
and $ 1 ,0 0 0 )_____________ c* J Trustee
B onds.— O f the $12,500,000 1st & ref. bonds, $3,190,000 are reserved
for prior liens, $2,102,000 reserved for additions, betterments and im
provements. Are subject t o c a l l after M a y 1 1916 at 110. V . 82, p.
1157. See also V. 87, p, 167, 285; V . 88, p. 1437. Bonds are listed In
London. V. 90, p. 914. They are guar. p. & i. by the M ich. Railways
Oo. and the M ich. Un. Trac. C o. The Jackson Consol. Trac. C o. bonds are
subject to cad on any int. date at 105. They are guar., p. & L , by M ich.
Olathe Michigan Traction Co. bonds a sinking fund of 5 % of gross earn
ings commenced In 1903, to be used In buying bonds at not to exceed 110;
otherwise to be invested In other standard securities
V. 72 p. 391;
$35 000 M ich. Trac. 1st M . bonds and $146,000 M ich . Trac. E x t. 1st M .
bonds were hold in sinking fund in D ec. 1913 and are not included in the
amounts above.
„
, ,
,
, .
„ ,
The Jackson <5: Battle Creek bonds are subject to call In any amount
after 10 years at 105 and Interest. V . 75, p. 1147.
D iv id e n d s .— 6 % Is being paid on pref. stock.
E A R N IN G S .— Including Jackson Consolidated Traction C o .:
1911.
Y rs.e n d .D e c. 31. 1912.
1911
D e duct—
1912.
$449,440
Gross earns ..$ 1 ,6 4 9 ,5 7 1 $1,500,580 Int. & ta x e s .. $571,426
60,000
Oper. expenses
975.528
849,361 Pref. divs____
60,000
N et ea rn s.. $674,043
$651,219
Surplus . . .
$42,617
$ 1 4 1 ,7 7 9
Revenue passengers carried in 1912, 21,677 ,7 9 7 , agst. 19,347.293 in 1911.
R O A D .— Operates all city lines In Jackson, Battle Creek, Kalamazoo
and Lansing and lnterurban lines between Jackson, Battle Creek and Kala
mazoo, and between Jackson, Lansing and S t. Johns, Lansing and Owosso,
and from Jackson to Grass Lake and W olf Lake; total operated, 295 miles.
Through service between Jackson and Lansing began in N o v . 1909. Op
erates through service to Detroit over Detroit United R y. lines undor traffic
agreement connecting from Jackson. The extension o f the Pino Lake
line from Lansing to Owosso (25 m iles), constructed by allied Interests,
was placed in operation in July 1911. A new line is being built between
Grand Rapids and K alam azoo, which will be in operation, it is stated. In
the summer of 1914. Also operates the lino between Allegan and Battle
Creek; railway, power and light properties in Manistee and water powers,
developed and undeveloped, on the M anistee River and tributaries.— V . 88,
p. 2 95, 1437; V . 90, p. 106, 914; V . 91, p. 1026, 1096, 1157; V. 92, p. 1178,
V . 93, p. 1787; V . 94, p . 68, 207; V . 96, p. 1423.
(2) U nion R a ilw ay, G a s & P.Iectric C o.
M e rg e r.— 'Under the plan dated April 26 1913, practically all the $ 5 ,2 5 0 ,
000 prof, stock was exchanged for $5,250,000 new pref. and $525,000 new
com . stock of the Commonwealth P ow ., R y. & L t. C o ., anil the $6,000,000
com . for an equal am t. of new com . or $1,500,000 pref. and $4,500,000 com .
O R G A N IZ A T IO N .— Incorp. in New Jersey June 29 1909 and ac
quired practically all of stocks of Springfield (111.) Railway & Light Co.
($3,000,000 stock), the Rockford (111.) & lnterurban Railway Co. ($4,
000,000 stock), the Peoria Light Co. ($2,500,000 common and $ 1 ,0 0 0 ,
000 preferred) and the Evansville Light Co. (51,500,000 common and
$1,000,000 pref.), per plan In V . 88, p. 1501; also all the stock and bonds of
the Janesville Traction Co. ($125,000 stock, $50,000 bonds) and all the stock
($497,500) and all the 1st ref. bonds ($382,000) of the De Kaib-Sycamore &
lnterurban Traction C o. The Evansville Light C o. owns the entire
$3,000,000 common stock and $950,000 of the preferred stock of tho Public
Utilities C o. (incorp. June 1912), which company merged tho Evansville &
South. Ind. Trac. (see Elec. R y. Sec. of M a y 1912), Evansville Gas & Elec.
L t. Co. and Evansv. Pub. Serv. Co. On Oct. 14 1912 Circuit Judge W il
liam Illakoy sustained tho demurrer of tho Pub. Utilities C o. in a suit
brought to dissolvo the company, holding that tho consolidation was in ac
cordance with tho statutes (V . 95, p. 1040), and in Dec. 1912 ho dismissed
tho suit. V . 95, p. 1747. The Peoria Light C o. owns all the $2,500,000
6 % cum. pref. and tho $6,000,000 common stock of tho Central Illinois
Light C o ., which was incorp. in April 1913 and took over the properties
of the Peoria Gas & Electric C o ., Citizens’ Gas & Elec. C o. of Pekin and
its subsidiary company, tho Pekin L t ., H t. & Power C o ., Washington (111.)
L t. & Pow. C o ., Elmwood Elec. L t. C o ., Farmington L t. & Pow. C o. and
tho Elec. Service System. The Union R y ., Gas & Electric subsidiary
companies own and operate street railway properties in Springfield and
Rockford, 111., Evansville, In d ., and Janesville, W is ., and lnterurban
linos from Rockford to Freeport and Belvidere, III., through Beloit, W is.,
to Janesville, W is., from Do ICalb to Sycamore, 111., and from Evansville
to Princeton and Patoka, Ind., and also gas and olectric properties in
Peoria, Springfield and Pekin, 111., and Evansville, Ind., and electric plants
in Do K alb, Sycainoro, Elm w ood, Washington and other smaller places in
Illinois.
In March 1913 Issued $1,500,009 3-year notes to pay for several small
acquisitions, improvements, &o
V . 96, p . 717.
STOCK A N D B O N D S —
D a te .
In te re s t. O u ts ta n d in g .
M a tu r ity .
See text.
Common, $6,000,000 ($100)........ ................................... $6,000,000
P ref. $12,000,000 cum .
($100) ______
6
Q-J 5,250,000 J a n ’ 1 4 ,1 /3
Collateral trust mtge.
gold/ 1909
5 J-J
5,200.000 July 1 1939
f» ($500 and $l,0 0 0 )--c*.cp t\ C o in m e rcia I Trust C o .. Phila., Trustee.
Gold notes, $4,000,000
( $ 5 .-( 1913
5 M -S
1,500,000 M ar. 1 1916
0 0 0 ) ............ .................. o '.c p t jI n te r e s t at Bankers Trust C o ., N . Y .,T r u s ( tee, or at com pany’s office.
S p rin g fie ld R y . & L ig h t C o .—
Sprgfd lty& L t coll tr
m tge/ 1903
5 g J-D
3.075,000 June 1 1933
$5,000,000 gold ($1,000) c*/F id elity and Columbia T r. C o ., L ouisv., trus
55
STOCK A N D B ON DS—
D a te .
In te re s t.
O u ts ta n d in g .
M a tu r ity .
Springfield Con Ry consol/ 1893
5 g J-D
$750,000 June 1 1933
i n t g e $ 7 5 0 , 0 0 0 , g ($ 1 . 0 00 )clColum bla Trust C o., Louisville, Trustee.
R o c k fo rd & ln te r u r b a n R y . C o .—
„ ___ __
_ . .
Rockford
& I n t e r -U r b a n / 1902
5gAO
1,324,000 Oct 1 1922
mortgages gold ($500 andSTnterest at First N at. B k ., N . \ ., or at Gon--------------------------------1
tinen.
&
C
om
.
T
r
.
&
Sav.
Bank,
Chic, trus
$1,000) $ 3 ,0 0 0 ,0 0 0 .c * - n t f (
5 g M -N
607,000 May l 1923
Rockford & Freeport first) 1903
mtge, $750 ,00 0, gold, gu (In t. at Con. & Com. T r. & Sav. B k ., Chicago,
p & l( $ l,0 0 0 & $ 5 0 0 ) c * -n t f j
Trustee.
Rockford Bel & Janesville 1st)
1905 5 g A -O
1,000,000 Oct
1 1930
mtge, g ($1,000) .s f . c ’ .c p t (Int. at Cont. & Com. Tr. & Sa v. B k ., Chic.,
J Trustee, or First N at. Bank, New \ ork .
___
___ _
De K a lb -S y c a m o re & ln te r u r b a n T ra c . C o .—
De Kalb-Sycamore Electric) 1907
J-D
106,000
1922
first m ortgage_________ n t f /I n t . at Cont. & Com. Tr. & S. B k ., C hic.,Tr.
_
___ ____ __ ,
. „ ___
Peoria. L ig h t C o .—
Peoria L t. Co. coll. tr. m tg e./ 1906 5 J-J
2 ,500,000 July 1 1936
$ 5 , 0 0 0 , 0 0 0 ,g ($ 1 . 0 00 )c * c p t) Bankers’ Trust C o., New York, Trustee.
Peoria Gas & Elec. Co. 1st M .j
1903 5 J-J
2,500,000 Jan1 1 9 2 3
$2,500,000 g ($1.000)c*cp tlB an k ers’ Trust C o.. New York, Trustee.
Citizens Gas & Electric 1st M)
1902 5 F-A 15
175,000
1922
8 2 0 0 ,0 0 0 .. ....... ............... n t f /I n t . at Merchants’ Loan & Trust C o., Chic.
, ,
__ ____ „ _ ,
„
E v a n s v ille L ig h t C o .—
Pub Util Co 1st lien & ref M f 1912
5 J-J
23,000 July 1 1942
$10,000 ,000 ($1,000) -_n tf(C o m m ercia l Trust C o ., Phila., and Charles
i P . Lineaweaver. Trustees.
Pub. U til. pref.
3 ,000,000)
.........................
cu m ., 5 % July 1913 to J a n . ) ____
___________ 2,200,000 Jan 14,2 >3%
1915, 6% thereafter______J
Pub Util coll tr notes $ 1 ,6 1 5 ,-/ 1913
6 g M -S
1,615,000 M ar 1 1916
000 ($5,000) g _____ c * . c p t j l n t . in N . Y . , Phila. and Evansville.
Callable at par and interest (Guaranty Trust C o ., N ew Y o rk , trustee.
E v an sv.& S o. Ind. 1st co n .M .) 1907
5 g J-J
49,000 Jan 1 1937
$4,000,000 g ($ 1 ,000)c*cp t (Commercial Trust C o ., Phila., trustee.
Evansville E l. R y 1st m tge,) 1901
4 g M -N
1,200,000 M ay 1 1921
$‘ 1 . 0 0,000, g ($ l,0 0 0 )c * c p t j In t. at Farmers’ L . & T r. C o., N . Y . , trustee.
1903
5 g A -O
340,000 April 1 1923
Evansv & Prince 1st m tge,
$400,000, gold ($1,000) In t. at CIt. Sav. & T r. C o., Cleve., Trustee,
or at First National Bank, New York.
sinking fun d_____ c& r.cptJ
Evansv Gas & El Lt ls t & r e ff 1902
5 J-D
1,240,000 June 1 1932
M, $ 1 ,250,000, g ($ 1,000)c*( In t. at Cont. & Com. Tr. & Sav. B k .. Chic.,
- c p t ( Trustee, or at First N at. B k ., New YorkS tock.— Pref.'stock Is subject/to call at 105 and accrued dividends.
B o n d s .— The Union R y ., Gas & Elec. coll, trust m tge. is secured by de
posit of practically all stocks (com .& pref.) of subsidiary cos. Additional
bonds m ay be Issued only under rigid restrictions (V . 8 9 , p. 226). Interest
Is p ivable at Ilodenpyl, Hardy & Co., N . Y ., and E . W . Clark & C o.. Phila.
Bonds redeemable at par & Int. on 60 days’ notice. Thev are convertible
into pref. stock at par. V . 89, p. 226; V . 93 p. 528. The 3-year notes
are red. as a whole, but not in part, at 100 and int. on any int. date on 30
days' notice. Additional notes m ay be issued with certain restrictions.
See V . 96, p. 717.
S p rin g fie ld R a ilw a y & L ig h t S e c u ritie s . — O f the Springfield Railway &
Light collateral trust mortgage of 1903, $507,000 are reserved for addi
tions and improvements to constituent companies and $750,000 for
prior liens. Tne bonds are subject to call on 60 days’ notice at 107/3 and
int. Interest is payable at Columbia Trust C o ., Louisville, and at Hodenpyl. Hardy & C o ., New Y o rk , and E . W . Clark & C o ., Philadelphia. In t.
on Springf. C on. R y. bonds is payable at Fidelity and Columbia T r. cos.,
Louisville, and at Ilodenpyl, Hardy & C o ., N . Y .
R o c k fo rd & ln te r u r b a n R y . S e c u ritie s .— S in k in g f u n d on Rockford &
Inter-Urban bonds of 5 % of gross receipts commenced In 1908. $ 1 2 4 ,
000 of bonds in add’n to those reported outst’g above are held in the skg. f d .
Additional bonds can be Issued for extensions and improvements at
8 5 % of cost. The entire issue is subject to call at 105 and interest. The
Rockford & Freeport bonds are assumed, prln. and in t., by the Rockford &
Inter-Urban Railway C o.; $24,000 are held in sinking fund. A sinking fund
equal to 5 % of gross earnings began in 1910.
Bonds are subject to call
at 105 and Interest. V . 78, p. 1276. A s in k in g f u n d on the Rockford
Beloit & Janesville bonds begins In 1915 of 2 % of gross earnings of that
division. They are subject to call at 102 J3 and Interest. They arc guar
anteed. p. fc l b*- the Rockford & Inter-Urban.
P e o ria L ig h t Co. S e c u ritie s ,— $2,500,000 Peoria Light Co. bonds are
reserved to retire a like amount of Peoria Gas & Electric 1st m tge. bonds:
They are secured by deposit o f all (except directors shares) the stock o f
Cent. 111. L t. C o. Botn Peoria L t. C o . and Peoria Gas & Elec, bonds
are subject to call at 105 and interost. Interest on both Peoria Light
C o. and Peoria Gas & E l. C o. bonds is payable at H odenpyl, Hardy
& C o ., New York. Peo. Gas & E l. bonds s in k , f u n d of 5 % of gross earnings
began Jan. 1 1910. S. f. m ay be used by company for additions to property
against which no bonds have been Issued
Of Citizens’ Gas & Electric
bonds, $25,000 have been retired through sinking fund.
E v a n s v ille L ig h t Co. S e c u ritie s .— Of remaining Public Utilities Co. ref.
mtge. bonds, $4,358,000 are reserved for prior liens and $4,700,000 are for
add'ns and iinpts. $918,000 of tho $942,000 bonds issued are pledged to se
cure P . U . notes. Interest at Hodenpyl, Hardy & C o ., N ew York.
Callable on any interest date at 107J3 and interest.
The Evansville
Gas & Electric Light C o. m ust call at 105 and int. $10,000 annually on
June 1 1913 to 1922 inclusive and $15,000 on June 1 1923 to 1932 inclu
sive. $10,000 have been retired. They are subject to call at 105 and
Interest. O f the Evansville & South. Indiana 1st consol, bonds, $1,
600,000 are reserved for prior liens. The Evansville & Princeton first
5s have a s in k in g fu n d of $10,000 per annum, which began F eb. 1 1908
said fund to be Invested In the bonds at 105 beginning with N o. 1. $10,000
have been redeemed. W hole Issue of these bonds m ay be called at any time
at 110 and int. L . W . Prior of Cleveland is co-trustee of this m tge.
Evansville Elec. R y . bonds cannot be called. Th e Evansville Pub. Serv.
C o. has made a m tge. to the Bankers Trust C o ., N . Y . , to secure an issue
of $1,000,000 bonds. It Is said, however, that none of the new bonds will
bo placed on the market. V . 96, p. 1301.
D iv id e n d s .— First d iv., 1 H % , on pref. paid O ct. 1909 and same amount
quar. since to and incl. Jan. 1914.
First div. on com .— 1 % — paid
April 1 1913; July, 1 % ; O c t., 1 % .
In 1914, Jan ., 1 % .
E A R N I N G S .— Combined earnings o f subsid. cos. for 12 m as. end.
Juno 30 1913: gross, $4,545,575; not, after taxes, $1,981,611; in t., & c.,
$1,140,932; prof, d iv ., $315,000; surp., $525 ,67 9.
R O A D .— Rockford & Inter-Urban operates 33 miles of trollev In Rock
ford, 13 miles between Rockford and Belvidere: also 28 miles of Rockford
6 Freeport Electric R y. between points named in title, and 35 miles be
tween Rockford, 111., and Beloit and Janesville, W is. Total. 109 miles.
Springfield R y . & L t. Co. operates3 9 .6 miles In Springfield. Janesville Trac.
Co. operates 5 m . In Janesville, W is., and De Kalb-Sycamore & Inter. T rac.,
7 m ., connecting De Kalb and Sycamore, 111. Public Utilities Co. operates
abt. 65 m . In Evansville and between Evansville Princeton and Patoka, Ind
O F F IC E R S .— Pres., Anton G . IIodenDyl, New York; V .- P ., Clarence
M . Clark, Phila.: V .-P . & Sec., Geo. E . H ardy, N . Y . ; Treas. & A sst. S e c.,
Jacob H ekm a, N . Y . ; A sst. T reas., C . A . Pearsons Jr.— V . 89, p .2 2 6 . '780;
V . 92, p. 528; V . 93, p . 290, 528; V . 95, p. 1747; V . 96. p. 137, 717, 1299.
(3) S p rin g field (O .) L ig h t, H eat & Pow er C o.
O R G A N I Z A T I O N .— Incorp. in M aine in Aug. 1908.
STOCK A N D B O N D S—
D a te .
In te re s t.
O u ts ta n d in g .
M a t u r it y .
________
$1,000,000 ------------------Common s t o c k ________________ ______
Preferred s t o c k ________________ ______
________
50,000 ------------------Spring Lt H t & P gen & ref M / 1913
5 A -O
See text April 1 1933
$5,000,000 ($1,000). R ed )In t. at N . Y . and London. M ich . T r. C o .,
at 105 and Interest________ 1 Grand Rapids, and G eo. Hefferan, Trus.
Spring L t H t & P 1st M __c p t 1909
5 F -A
750,000 Feb 1 1929
Bonds.— Sufficient gen. and ref. bonds are reserved to retire at or before
m aturity the outstanding 1st M . bonds. V . 96, p. 1298. All owned by
Commonwealth Power, R y . & lit. C o.
( 4) G ra n d R ap id s R y .— Trolley.
All the common stock Is owned by C om . Pow. R y . & L t. Co
O R G A N IZ A T IO N , &o.— Incorp. in Mich. In April 1900 as a successor
company to the Consolidated St. R y . Owns all street railway properties of
Grand Rapids and vicinity. Franchises''expiTO in 1920, in 1921 and in 1929.
Possible M u n ic ip a l O w n e rs h ip .— On O ct. 1 1912 a commission was ap
pointed by M ayor Ellis to study the question of street railway transporta
tion. V . 95, p. 891.
56
ELECTRIC RAILWAYS
ST O C K A N D B O N D S—
D a te .
In te re s t
O u ts ta n d in g .
M a tu r ity '
Stock com $2,000,000 ( $ 1 0 0 ) ..A ll owned by C om . P ow ., R y. A L t. C o.
Pref $2,000,000 cum 5 % ($100) ___
q f
$1,500,000 Feb '1 4 , l H
Grand Rap R y Co 1st m tgel 1000
5 s J-D
3,147,000 dune 1 1016
$ 3 ,500,000 g ($1,000) c+ cp tj Interest at New York t rust C o ., Trustee.
B o n d s, A c . — O f the new mortgage for $ 3 ,500,000, $353,000 have been re
tired by sinking fund. Sinking fund became operative on O ct. 1 1005,
payable 1 % of bonds out up to O ct. 1 1010,
then 2 % up to 1015 (see
V. 7 0 , p. 1140). Bonds cannot be called. See V . 72, p. 1187. Bonds
are listed on New York Stock Exchange.
D iv id e n d s .— Dividends on preferred stock are cumulative and 15i %
quarterly has been regularly paid up to and Including F e b ., 1014.
R E P O R T .— For cal. years.
Y e a r—
G ross. N e t { a ft. T a x .) In te re s t.
P re f. D in .
S u rp lu s .
1 0 1 3 ____________ $1,273,448 $476,807 $146,643
(5 % )$ 7 5 ,0 0 0
$255,254
1912 .................... 1,233,588 532,206
174,073 ( 5 % ) 75,000
283,133
R O A D .— Owns and operates 64.50 miles of track. 141 motor pass, cars
and 15 trailers; 13 work cars and 1 electric locomotive.
O F F IC E R S .— Pres, and Gen. Algr., B . S . Hanchett, Grand Rapids;
V .-P s ., C. M . Clark and Lester J. Rlndge; Sec. & A sst. Treas., L . J. De
Lamarter; Treas. A A sst. Sec., G. L . Estabrook, Philadelphia.
Office,
Grand Rapids, M ich .— V . 84, p. 220, 740; V . 85, p. 40; V . 05, p. 801.
[Vol. XCVI1I
B o n d s .— SubJ. to call at 102. Sink. fd. $4,000 per annum began Sept 1
1006. $500 bonds are owned by Com. P. R y. A L ., $18,000 aro owned
by co. and $32,500 have been retired.
P R O P E R T Y .— Owns electrlo and water plants In Cadillac.
O F F IC E R S .
Pres., B . C . C obb, N . Y . ; V .-P ., AY. A . Foote, Jackson*.
Treas. A Gen. M gr., G. D . W estover, Cadillac; Sec., W . J. McCov CadillacA sst. Sec. A A sst. Treas., S . E . W olff. N . Y .
y ’ ^ duluao(9) G ra n d R ap id s H o lla n d & C h icago R y.
C om . Pow. R y . & L t. C o. owns all tho prof, and practically all tho com .stk
O R G A N IZ A T IO N .— Incorporated In Michigan In July 1004 and Is a re
organization on Aug. 1 1904 of the Grand Rapids Holland A Lake Michigan
Rapid R y. See V . 79, p. 627.
Power is supplied to company by Grand
Raplds-Muskegon Power Co., but company maintains own station In readi
ness to operate In case of emergency. F ra n c h is e s In city of Holland and
village streets expire In 1928 to 1030; remainder on private rights of w ay.
STOC K A N D B ON DS—
D a te .
In te re s t. O u ts ta n d in g .
M a tu rity
Common, $500,000____________ ______
________
$487,000 __
Pref, $850,000, 6 % ............... - .............................
836,800 ...........1
5 g F -A
1,475,000 Aug i 1920
1st mtge. Grand Rapids Holl 1900
A Lake Mich, $1,500,000, )Int. at American Tr. A Sav. Bank, Chicago
gold ($500 and $ l,0 0 0 ) _ n t f j
Trustee, or at Guaranty Trust C o., N . Y*
B o n d s .— A s in k in g fu n d Is provided of $5,000 per annum for first 5 years'
$10,000 per annum for second 5 years, $15,000 yearly for third 5 years and’
$25,0^0 per annum for fourth 5 years.
Bonds are not subject to call.
R A D .— Operates 75 miles of track from Grand Rapids through Holland
to Maeatawa and Saugatuck. with steamer connection at Holland for Chlo.
O F F IC E R S .— Pres. A Treas., Benj. S. Hanchett, Grand Rapids; V .-P .,
W . H . Beach, Holland: Sec. A Gen. M gr., Chas. A . Floyd, Grand Rapids.
— V . 75, p. 1301; V . 78, p. 702, 768; V . 79, p . 627; V . 06, p. 1422.
(5) Saginaw-Bay City Railway Co.
Entire stock (except directors’ shares) Is owned by Com. P o w .,R y . A L t.C o
O R G A N IZ A T IO N .— This company Is a consolidation of the Saginaw
Valley Traction Co. and railway dept, of the Bay City Traction & Elec. Co
F ra n c h is e D efeated.— A t special franchise election held on A u g. 20 1012
and again in O ct. 1012, the proposition to permit tho company to build a
number o f extensions was defeated. V . 05, p . 481.
STOCK A N D B O N D S—
D a te .
In te re s t.
O u ts ta n d in g .
M a t u r it y .
(10) S a g in a w & F lin t R y.
Stock, $ 2 ,6 0 0 ,0 0 0 -------------------- All owned by Commonw. Pr. R y. & L t. Co.
Practically all tho stock and bonds owned by C om m . Powor, R y . A L t. C o .
First and refunding mortgage) 1010
5 M-S
$1,150,000 Mch 1 1035
$5,000,000 ($1,000) . e ’ e p t (Michigan Trust C o., Grand Rapids. Trustee
O R G A N I Z A T I O N .— Incorporated In Mich, on A ug. 20 1908. Is successor
Saginaw Val. T r. 1st M, $ 8 5 0 ,-/ 1800
5 g F -A
752,000 Feb 1 1 0 2 0
to the Detroit Flint A Saginaw R y ., sold at foreelosure. V. 87, p. 678; V . 9 0
000,
g ($1,000 c a c h ).c * n tf 1 In t. at Boston Safe D ep. & Tr. C o.. Trustee
p. 168. F ra n c h is e s between Saginaw and Flint are perpetual Hastermlnal
B o n d s.— O f tho 1st & ref. bonds $850,000 are reserved to retire Sag. Val. agreement with Saginaw-Bay City R y . and Detroit United R y.
Trao. bonds; remainder for 8 5 % of cost of additions, A c. They are red. on
Fare D e c is io n .— In N o v . 1912 the Genesee Circuit Court. In a suit brought
any Int. date after M ar. 1 1915 on 60 days’ notice at 105 and Int. In t. at by tho com pany, held that the com pany must put into effect a 5-cent faro
Hodenpyl, H ardy A C o., N . Y .
within tho entire city limits as extended by tho annexation of a largo amount
A s in k in g f u n d of $8,500 per annum on Sag. Val. Trao. bonds begins Feb.
of territory.— V . 05, p . 1404.
1 1907 and runs for 5 years, after which $17,000 per annum Is payable, said
ST O C K A N D B O N D S—
D a te .
In te re s t.
O u ts ta n d in g . M a t u r it y .
fund to be Invested In the bonds at not above 107 H and Int. Sinking fund Stock ($100)............... ................................................ $1,000,000 ......................
held on July 1 1913 $87,000 of bonds; $11,000 are also owned b y'C om First
mtge
$1,500,000
($500)
1908
5
g
F
-A
800,000 Aug. 1 1938
monwealth Power, R y. & Light.
and $1,000) gold____ c * c p t /I n t . at Detroit Trust C o., Detroit, trustee.
E A R N I N G S .— For 12 months ending D ec. 31 1913, gross. $642,680: net.
B o n d s .— Unissued bonds are reserved under rigid restrictions for extenafter taxes, $230,689.
lons and improvements. Sinking fund, beginning A ug. 1 1915, Is estimated
to retire $1,300,000 by m aturity.
Fund m ay bo invested by purchase of
R O A D .— Operates about 72 miles of street railway track In Saginaw and
bonds at not exceeding 103 and Int. V . 00, p. 168.
B ay City, incl. Interurban line between the two cities.
R O A D .— Operates 29.63 miles between Saginaw and Flint and a 5.35O F F IC E R S .— Pres., B . C. Cobb; V .-P s ., ir. T . W lckes, J. E . Davidson
and E . .1. Bechtel; Sec., F. C. Potvln; Treas., A . B. Slmoncau; Asst. Sec. A mile extension to Frankenmuth. Total mileage owned, 34.08 miles.— V.
00, p. 168; V . 92, p . 110; V . 05, p. 1404.
A sst. T reas., S. E . WoliT.— V . 04, p. 983; V . 05, p. 208, 481.
<6)
Michigan Light Co.
All the common stock is now owned by C om . Pow. R y . A L t. C o . Steps
now being taken to mako this an operating and owning company.
O R G A N I Z A T I O N .— Incorp. In New Jersey In Dec. 1004. Owns entire
stocks of the following companies;
Jackson Gas Co.,
Flint Gas C o.,
Kalam azoo Gas Co
ISaginaw City Gas Co.,
Pontiac Light C o..
[ Bay City Gas Co.
ST O C K A N D B O N D S D a te .
In te re s t. O u ts ta n d in g .
M a t u r it y .
Common $ 3 ,0 0 0 ,0 0 0 _____
.....................................$2,500,000
Preferred 6 % cumulative
Q-J
2,144,000
See text
5 g M -N
Sag City Gas 1st M. $ 1 ,0 0 0 ,-/ 1901
857,000 M ay 1 1916
000, g ($ 5 0 0 & $ 1 .0 0 0 )c * n tf)I n t. at Mich. T r. C o., Grd. R ap., trustee.
Bay City Gas 1st M. $500.0001 1900
5 g J-D
375,000 June 1 1920
■ g ($500 A $ 1 ,0 0 0 )___ c * c p t l Interest at New York Trust C o., trustee.
Flint Gas Co 1st M , $ 5 0 0 ,0 0 0 / 1904 5 M -N
500,000 Nov 1 1924
($500 A $ 1 , 0 0 0 ) -------c * n tfl In t. at Mich. T r. C o., Grd. R ap ., trustee.
Jackson Gas Co mtge, $ 3 5 0 ,-/ 1807 5 A -O
350,000 April 1 1937
000 gold ($ 1 ,0 0 0 )— c * n tf llllinols Trust A Sav. Bank, Cldc., trustee.
Kal Gas Co 1st M , $ 4 5 0 ,0 0 0 / 1900 5 J-J
400,000 Jan 1 1920
( $ 1 ,0 0 0 ) .................... _ c * n tfl In t. at Mich. Trust C o., Grd. R ap., trustee.
Pontiac Light Co consol m tge/ 1902 5 J-J
209,000 Jan
1 1927
$230 ,00 0, g. ($1,0 0 0 )c *c p tl In t. at Mich. Trust C o., Grd. R ap ., trustee
B o nds.— $125,000 bonds o f B ay C ity Gas 1st M . are issued in addition to
am ounts shown abovo and are owned by M ich . Light C o. B ay C ity and
Jackson bonds arc red. at 110 A int. Kalam azoo, Pontiac, Flint and S a "
C ity issues are red. at 105 and int. Int. on Jackson Gas C o. bonds is
payable at Ilodenpyl, H ardy & C o ., Now Y ork.
E A R N I N G S .— For 12 m os. end. N o v . 30 1913, gross, $1,545,849; net
$705 ,34 0.
P R O P E R T Y .— Constituent companies own and operate the gas proper
ties In Jackson, Kalam azoo, Pontiac, Flint, Saginaw and Bay City.
O F F IC E R S .— Pres., Anton G. Hodenpyl, N . Y .; V .-P . & Sec., Geo. EH ardy, N . Y .; V .- P ., Claude H am ilton, Grand Rapids; Treas. & A sst. Sec.,
Jacob H ekm a, N . Y .
(7) Consumers’ Power Co.
All the com . Is owned by Com. P ., R y . A L t. Co.
O R G A N IZ A T IO N .— Incorporated In Maine In 1010. Owns all the com
stocks of Commonwealth Power C o., Grand Raplds-Muskegon Power Co.
(owning entire com. and m ajority of pref. of Grand Rapids Edison C o.).
Flint Elec. C o., Saginaw Pow. C o., Bay City Pow. C o., Pontiac Pow. Co ,
Consumers Pow. C o . (M ic h .), Economy Power C o ., A u Sable Elec. Cont.
Power C o . and A u Sable River property and rights.
D e c is io n .— For decision of U. S. Circuit Court holding valid certain pur
chases b y the Saginaw Power C o., see V . 04, p. 1510. '
ST O C K A N D B O N D S .
D a te .
In te re s t.
O u ts ta n d in g .
M a tu r ity
Common $ 1 0 ,0 0 9 ,0 0 0 —
............... ..
.............
$10,000,000
Pref $ 1 0 ,0 0 0 .0 0 0 ($ 1 0 0 )6 % c u m ------Q-.r
5,500,000
" See text
1st & ref M , $35,000 ,000 gold /
1911 5 J-J 11,782,000
Jan 1 1936
( 5 1 .0 0 0 ) ............... ......... e ’ ep ti In t. at Harris T r. & Sa v. B k ., Chicago,
ltrustee,
or Harris,Forbes A C o.. N . Y .
Com ’ w. Pow. 1st M , $ 4 ,0 0 0 ,-/
1904 5 J-D
1,222,000 Deo 1 1 9 2 4
000 g sink fd ($ l,0 0 0 )c * c p tl Int. at First Trust & Sav. Ilk., Chic., trustee
Gr Rap-M usk Pow 1st M /
1906 5 M -S
808,000 Mch 1 1931
$7,500,000 gold ............ .c p t l l n t . at 1st T r .A S .B ., Chlo., or ls t N .B .,N .Y .
Grand Rap Ed Co 1st m tge g / 1902
5 M -N
763,000 May 1 1016
($1,000) sinking fu n d c*cp t)In t. at A m . Tr. & S . B .. Chic., trustee.
Gr Rp Ed Co underly’g b o n d s . ----------------------10,000
S to ck.— Pref. stock Is red. on and after Jan. 1 1920 at 105 and accd.d lv
B o n d s .— Of 1st & ref. bonds. $ 2 ,817,000 are reserved to retire undcrly
Ing bonds; remainder are reserved under certain restrictions for extensions
and additions at 8 0 % of cost. SubJ. to call on Jan. I 1016 or any Int. day
thereafter at 105 and Int. Sink, fund of 1 % of bonds out (Incl. prior liens)
annually begins Jan. 1 1915.
V . 02, p. 465, 526, 1438.
D iv id e n d s on pref. have been paid regularly since organization.
$lI'L\R N)IN GS.— For 12 m os. end. N o v . 30 1013, gross, $ 3 ,114,207; net,
P R O P E R T Y .— Constituent cos. own and operate electric light and power
properties In Grand Rapids. Kalamazoo, Jackson, Flint, Saginaw, Bay City.
Pontiac, Battle Creek, Muskegon, Albion, Owosso and a number of Inter
mediate cities and towns. Hydro-electric plants have about 66,000 h. p
and steam plants about 57,000 h. p. capacity. Total generating capacity
about 123.000 h. p.
O F F IC E R S .— Pres.. W . A . Foote, Jackson; V .- P ., E . W . Clark, Phlla
V .-P . & Sec., Geo. E . H ardy, N . Y .; Treas. A A sst. Sec., Jacob Ilckm a
N . Y ; .A sst. Treas., C. A . Pearson Jr., Phila.— V . 90, p. 1680; V . 92
p . 6 1 , 4 65, 526, 1438; V . 94, p. 354, 1510; V . 95, p. 1683; V . 98, p. 304.
(8) Cadillac W afer & Light Co.
Commonwealth Power, Light & R y . owns all the capital stock.
O R G A N IZ A T IO N .— Incorporated in Michigan In 1005.
STO C K A N D B O N D S .
D a te .
In te re s t.
O u ts ta n d in g .
M a tu r ity
$200,000
Stock $200,000 ($50)....................................... ..................
First m tge. $200,000 ($500 A / 1005
5 M -S
132,000 Sept 1 1925
$1,000) gold-------------- o * c p t)I n t. at Mich. Trust C o., Grd. R ap ., trustee.
U N IT E D L I G H T & R A I L W A Y S C O .— {See M a p , page 57.)
O R G A N IZ A T IO N .— Incorporated In Maine In July 1910, per plan In
V. 91 p. 96
Has acquired the following companies:
Cadillac (Mich.) Gas Light Co.
Iowa C ity Light & Powor C o.
Cedar Rapids (la.) Gas Co.
Iowa & Illinois R y.
Cedar Rapids A Marlon City R y. Co. La Porto (Ind.) Gas & Elec. C o.
Chattanooga (Tenn.) Gas Co.
M ason C ity A Clear Lake R R .
Fort Dodge Gas A Elec. C o.
Ottumwa (la .) Gas C o.
Gr. Rap. Gr. lla v . A Musk. (Mich.) Peoplo’s Oas A Elec. C o ., Mason O ’y.
R y . Co.
Trl-Clty Railway A Light Co.
The Grand Rapids Grand Haven A Muskegon R y. was acquired In Jan.
1912. V . 04, p. 209. Tho T ri-C ity R y. A Light C o. was taken over in June
1912; V . 94, p. 760. Tho Cedar Rapids A M arion C ity R y. C o. was
acquired In July 1012.
In Feb. 1913 purchased the People s Gas A Electric C o ., the M ason C ity
A Clear Lake R R ., and tho Iowa C ity Light A Power C o. In 1913 also
acquired the Iowa A Illinois R y.
O P E R A T IO N S .— Does entire gas business In Davenport, Cedar Rapids
(supplying also Suburbs of M arion and Kenwood Park and intervening
territory). F t. Dodgp, Iowa C ity ,M a s o n C ity, Bettendorf, Ottum wa and
Muscatine, la .: Cadillac. M ic h ., La Porto, In d .; Rock Island, M oline,
East M oline, M ilan, Silvis and W atertow n, 111.; and Chattanooga, Tenn.;
entiro electric-light and power business in D avenport, F t. Dodge, Iowa
C ity, M ason C ity and M uscatine, la .; Rock Island, M oline and East
M oline, 111., and La Porto, Ind.
Has hot water and steam heating system
in Davenport and M ason C ity, l a ., and La Porto, Ind. Operates street
railways in Cedar Rapids, M arion, M ason C ity, Muscatine and Davenport,
la ., and Rock Island, M oline and East M oilno, 111.; interurban railways
are operated between Cedar Rapids and M arion, la .; M ason C ity and
Clear Lake, la .; Davenport and C linton, la .; Davenport and M uscatine,
la .; Davenport, l a ., and Rock Island, M oilno and East Molino, 111., Grand
Rapids, Grand Haven and M uskegon, M ich. M ajority o f fra n c h is e s
extend to 1920, 1930 or later, and somo aro perpetual.
Child, Hulswit A Co. of Grand Rapids, who promoted the company In
Aug. 1910, offered the stock In blocks of 10 shares (par $100) 1st pref. and
4 shares (par $100) com . for $1,000. V . 91, p. 5 1 0 ; V . 02, p. 1110.
T ra n s fe r A a
n c ie s.— Stock transfer a
y
’ aro maintained in Now Y o rk.
ge
encie
agencies
in Chicago and in Grand Rapids. See V. 07, p. 1358.
ST O C K A N D B O N D S—
D a te . In te re s t.
O u ts ta n d in g .
M a tu r ity •
Q -M
Common $12,500,000 ($100)...............
$6,920,000
See text
1st pref $12,500,000 ($100)1
Q-J
6 % cum .......... ..........................J -------7.707.000 J an .’ 14, 1 H
2d pref $5,000,000 ($100) 3 % 1
Q-J
2.120,200 Jan.’ 14, H
cumulative_____ ___________ / -------First A ref M gold ( $ 1 , 0 0 0 . . . /
1012 r>g
„ j- d
5.721.000 June 1 1033
A $1,000 A m ult_____ r* t f (New York 'I rust Co. , N . Y . .trustee.
N o te .................................................... 1913
6%
220.000 Jan 1 1915
N o t o ............ ..................................... 1913
6%
500.000 Jan 1 1916
Cad Gas L t C 1st M $100,0001
1905 5 F -A
100.000 Fob 1 1925
(call at 105 A in t).............t f /I n t - at M ich. d r . Co ., Grand R ap., Trustee.
Chattanooga Gas first m tgef 1907
5 J-J
. — -----616.000
Jan .1 1927
$1,500,000 g ($1,000) _c* t f j l n t . at CoB. A C o m .T r. A Sav. B k ., Chicago,
l Trustee, or Mrst N at. Bank, New York
Chatt Gas Co pf stock ($100)________
0 Quar
500,000 ........................
Iowa C ity Light A Powerf 1912
5 M -S
400,000 Sopt 1 1932
refunding mortgage $ 1
Interest at Continental A C om m ’l Trust A
000,000 ($1,000).......... c * t f
Sav. B ank, Chicago, trusteo.
Iowa C ity Gas A Electric 1st/ 1909
6 M -N
260,500 Seo text.
mortgage $400,000_____ t f lin t, at Chic. T r . A Sav. Bank, trusteo.
People Gas A E l 1st ref M ___ 1 1901
5 A -O
110,000 April 1 1916
$150,000............................... t f /I n t . at First T r. A Savs. B k ., Chicago.
Peoples Gas A El Gen M tgol 1906 6 A -O
370,000 April 1 1931
$500,000................................t f /I n t . at Central T r . C o ., Chicago, Trustee.
F o r securities covering ra ilw a y p ro p e rtie s see separate com panies below.
S tock.— 1st pref. stock is red. at 105 and accr. dlvs. 2d pref. stock Is
conv. at option of holder into 1st pf. or com . stk, share for share, (a) $835,000
Oct. 1 1913, (b) balance June 15 1915. Com . is only stock with voting
power. V . 01, p. 96, 510; V . 92. p. 1110; V . 05. p. 421.
B o n d s .— Int. on 1st A ref. bonds Is payable at office of trustee or Cont. A
Comm. T r. A Sav. B k ., Chicago. Additional bonds may be Issued for re
funding underlying bonds and for 7 5 % of par value of pref. stock of under
lying companies redeemed or purchased, 7 5 % of cost of betterments,
Impts. A add’ns, and for 7 5 % of cost of additional property, under certain
restrictions. R ed. as a whole or In part on any hit. day at 102 M A Int. on
60 days’ notice.
Bonds have a depreciation fund beginning 1917 of 2 % on
all bonds out, but a portion c f the oarns. to this fund aro now being set aside.
Seo description of bonds In V . 95, p. 49. C hatt. Gas C o . bonds havo a
sinking fund of $15,000 por annum from 1912 to 1026, incl., on 1st $500,000
bonds and 2 % additional on any further bonds issuod. Subject to call at
105 A int. V . 84, p. 805.
O f tho Iowa C ity L t. A P . C o. bonds, $260,500 aro reserved to retiro
prior liens and $334,500 for now construction at 8 5 % o f cost. Tho Iowa
C ity Gas A Elec, bonds mature serially $4,000 to $9,000 annually from M ay
l 1912 to M a y 1 1927, and $135,000 in 1928. SubJ. to call at 105 and Int.
on any int. dato after M a y 1 1919. A d d ’l bonds m ay bo issued for 8 0 % of
cost of exts. and betterments. Tho Poo. Gas A Elec. 1st rof. M . bonds aro
rotlred $3,000 annually by sinking fund; m ay bo called at 105 and Int.
on any Int. day.
J a n . 1914.1
ELECTRIC RAILWAYS
57
x c v iii
[V o l .
ELECTRIC RAILW AYS
Jan.. 1914. j
Tho two notes dated 1013 for $220,000 and $500,000 aro to be retired
from earnings and are redeemable at any time and are Issued without tho
deposit o f collateral.
Sk. fd . on O hatt. Gas bonds of $15,000 per ann. 1912 to 1926 on 1st
$500,000 issued, and 2 % additional on further issue. Subject to call on
or after Jan. 1 1927 at 105 and int.
D i v i d e n d s o f 1 H % and % % , respectively, havo been paid quar. on 1 st
and 2d prof, since O ct. 1910 to and inch Jan. 1914. A s to stock div. on
com m on, see V . 94, p. 1250. An initial div. of 4 % on tho common stock
was|doclarcd payablo in equal quar. installments beginning M arch 1913.
(See V . 90. p. 488).
^
E A R N I N G S .— O f subsidiary cos. for 1 2 m os. ond. N o v . 30 1913 (Inch
for full period the Peoples’ Gas 3c E l. Go. .M ason C ity & Clear Lake K K .,
Iowa & Illinois Ity. and Iowa C ity Light & Power C o .) , gross, $5,999,052;
net, aft. taxes, & c., $2,421,942; Int., & c., $1,205,685; not profit, $1,216,257.
Earnings o f United L t. & R ys. for year ending N ov. 30 1913, gross,
$1,448,018; expenses & in t., $458,785; net earnings, $989,234; div. on pref.
stock, 5510,698; surplus, $478,535.
O F F IC E R S .— Pres., Frank T . Ilulswlt, Grand Rapids; V .-P s ., Richard
Schaddoleo, Grand Rapids; J. F. Porter, Davonport, l a .; Sec. & Treas.,
B enj. C . Robinson, Grand Rapids; A sst. Secs. & Treas., L . II. Heinko and
C . M . Hurd, both o f Grand Rapids. M ain offico, Chicago; operating head
quarters, Grand Rapids. Operating headquarters for Iowa district, D aven
port, la .— V . 95, p. 4 9 ,4 2 1 ,8 1 9 ; V. 96, p. 4 2 1 , 488, 555, 1490; V. 97, p. 178,
300, 1358; V . 98, p. 238.
(1) (irand Rapids Grand Haven & Muskegon R y.— Electrlo road
Third-rail system.
O R G A N IZ A T IO N .— Incorporated In Michigan on March 6 1809. Owns
and operates an electrlo road on fenced right of way. connecting the three
citios named in tho title, a distance of 30 miles. Franchises In all towns
through which it passes extend to 1929; otherwise private right o f w ay.
STOCK A N D B O N D S—
D a te .
In te re s t. O u ts ta n d in g .
M a tu rity .
stock , $ 1 , 20 0 ,0 0 0 ($ 10 0 ) .............................................
$ 1 , 2 0 0 ,0 0 0 .......................
1st mtge. $1,500,000 ($1,000)1 1901
5 g J-J
1,500,000 July 1 1926
gold __________________ c * t f l l n t . at Standard Trust C o., N . Y ., Trustee.
H a nds.— The Interest on outstanding bonds was guaranteed for 5 years
by the Security Investment Co. of Pittsburgh. See V . 76, p. 479.
R O A D .— Extends from Grand Rapids In a northwesterly direction to
Muskegon, with a branch to Spring Lake and Grand Haven. Connects at
Grand llaven with Goodrich Line of steamers for Chicago and Crosby Line
of steamers for Milwaukee, which are In operation all the year round. Total
track, 47.90 miles: 70-lb. T rail. Operates 21 passenger, 12 express and 6
work cars. Also does a freight, mail and American Express business.— V
94, p. 207.
.
.
.
—
(2) The Tri-City Railway & Light Co.— ( .S e e M a p , p a g e 58).
In June 1912 control was acquired by the United R ys. & Light Co
Trl-CIty R y. & L t. com . stockholders received in exchange for their shares
$31.16 2-3 cash, $16.66 2-3 United R ys. 6 % 1st pref. and $12.50 2 nd
pref. 3 % stock.
V. 04, p. 768.
O R G A N IZ A T IO N .— Incorporated In Connecticut March 3 1906 and
controls through stock ownership the following companies:
Tri-City Railway Co.
People’s Light Co.
Moline Rock Island Sc East. Tr. Co.
“Davenport Gas
_
- Elec. Co.
&
Moline E . Moline Sc YVatert. R y. Co.
Davenport & Muscatine R y. Co.
People’s Power Co.
Muscatine Lighting C o.
Moline Rock Island Mfg. C o.
.
Controls ail gas plants, electric lighting companies and street railway
lines in the citios or Davonport, Muscatino, Bottondorf and Rockingham ,
l a ., and Rock Island, Molino, East Molino and other smailor towns in
Illinois, and an interurban connecting Muscatine and Davenport. Popu
lation sorvod, approximately 132,209.
Railway fra n c h is e s extend to 1930
and 1935; olec. fra n c h is e s to 1935 and 1943 and gas fra n c h is e s to 1029,
1933 and 1943.
In April 1913 it was reported that the subsidiary People's Light C o . had
increased its auth. capital stock from $1,500,000 to $2,500,000.
ST O C K A N D B O N D S—
D a te .
In te re s t.
O u ts ta n d in g .
M a t u r it y .
Common $9 0 00 ,0 00 ( $ 10 0 ) . . .....................................
$9,000,000 .......................
Prof $ 3 , 0 00 ,0 00 6 % cum ( $ 1 0 0 ) ------6 Q-J
3,000,000 Jan .’ 14, 114
Coll trust first lien mortgage! 1906
5 g A -O
8,039,000 Apr 1 1923
$9,000,000 s f -.c & r — t f /I n t . at N . Y . Trust C o ., N . Y . , Trustee.
1st & ref mtge $ 2 0 , 0 0 0 .0 0 0 1 1910
5 g J-J
4,787.000 July 1 1930
g o l d ...........................c * & r * t f fln t . at Central Trust C o ., N . Y ., Trustee.
Tri-C ity Railway 1st M -------t f 1902
5 M -S
54,000 Sept 1 1922
Citizens' Rv & Lt ($500) c * t f 1902
5 A-O
303,000 April 1 1917
Stock.— Prof, stock Is redeomablo at 120 and accum. dlvs. Soo V . 82,
p. 1213. Listed on M ontreal, Toronto and Louisville Stock Exchanges.
lio n d s .— O f tho $9,000,000 coll, trust bonds, $100,000 havo boon retired
by sink. fd. Subj. to call on any int. dato at 105 and int. A s in k , f u n d
o f $50,000 per ann. from Jan. 1 1908 to 1913; $150,000 for succeeding 5 yrs.;
then $250,000 por ann. to maturity. Coupon bonds aro in denomination
o f $1,000 and rogistorod bonds in $1,000, $5,000 or $10,000 and multiples.
T h ey aro listed on N . Y . Stock Exchange. O f the 1st Sc ref. bonds, suf
ficient aro reserved for prior liens, and remainder for 8 5 % of cost of ad
ditions and improvements. Subject to call at 105 and int. on any int
dato. Sinking fund of 1 H % of bonds out begins Feb. 1 1924. V . 93.
p. 1465.
Citizens R y. Sc L t. C o. bonds subj. to call on any int. dato at 110 and
int. Int. at Clove. Trust C o ., trustoe, or N a t. B k. o f C o m m ., N . Y .
D iv id e n d s .— First div. on pref., 1 H % . paid July 1906, and
quar.
since to and including Jan. 1914.
R O A D .— Operates over 123 miles of standard-gauge track, connecting the
cities of Davenport, la ., and Rock Island, Moline and East Moline, 111.;
Including an extension to Muscatine, placed In operation in 1912. 80-lb.
girder and 60 to 75-lb. T rail. A s to operating contract with Iowa &
Illinois R y., see remarks under that company and United Light Sc R ys. C o.
O F F IC E R S .— Pres., J. F. Porter, Davenport; V .-P ., Richard Schaddeloo. Grand Rapids: V .-P ., H . R. Toboy, N . Y .; Sec., J. E . W eeks; Asst.
Sec., M . K . Parker: Treas., Frank T . Ilulswlt; Asst. T reas., J. M . Thaver.
— V . 89, p. 780, 919; V. 90, p. 1041: V. 91, p. 338, 590, 1448; V . 92. p. 882.
952; V . 03. p. 1465; V. 94. p. 280, 488, 768, 1384, 1444; V. 95. p. 818; V 96
P. 1158.
(3) Cedar Rapids & Alarion City R y.
O R G A N I Z A T I O N .— Incorp. M a y 1891 in Iowa. F ra n c h is e in Cedar
Rapids oxplros 1911 and indeterminate on interurban.
• STO C K A N D B O N D S—
D a le .
In te re s t. O u ts ta n d in g .
M a tu r ity .
$650,000 ____
Stock $1,000,000 ($1 0 0 )................. - ............................ First mtgo $250,000 ($ 1 ,0 0 0 )/ 1891
5 J-Jm
184,000 July l 1031
c . n t f l l n t . at Am er. Tr. C o., Boston, Trustee.
R O A D .— Owns road in operation 28.90 miles in length, extending from
Cedar Rapids, Iowa, to Marlon; second track, 2.28; sidings, 3.17; total of
all, 28.90 miles.
Ralls. 45, 60 and 80-lb. T.1
......................................
(4) Mason City & Clear Lake Railroad Co.
In Fob. 1913 tho United Light Sc R ys. C o. acquired control.
O R G A N IZ A T IO N . ETC.— A trolley road. Operated since July 1897.
Owns right of way 33 feet wide from Mason City to Clear Lake, 9 miles.
Length of line within and between two cities, 18.6 miles.
Handles all
freight coming over Minn. & St. Louis. Chic. R . I. & Pao., Chicago Sc North
W est, and Chio. Great W est, railways between Mason City and Clear Lake
Franchises run until Oct. 31 1935.
ST O C K A N D B O N D S—
D a le .
In te re s t.
O u ts ta n d in g .
M a tu r ity .
Stock $1,000,000 .....................................
...
$400,000 .............
1st mortgage $100,000 gold! 1897 6 J-J 1 5
8,000 Jan. i 1917
m i($1.000) ............................. c t f /I n t . at 111. T r . & Sav. B k ., C hic., Trustee.
Genoral M $2,500,000 gold! 1912 6 g J-D
316,000 June 1 1932
( $ 1 ,0 0 0 ) ........................... c * t f /I n t . at First T r. & 9av. B k ., C hic., trustoe.
B onds.— 'Of the 1st mtgo. bonds, a sinking fund retires $3,000 yoarly at
103. $36,000 1st ref. bonds aro rosorvod to retire old 1st M . bonds: re
maining $2,170,000 bonds aro for oxtons. and bott’ ts at 7 5 % of cost, pro
viding annual not oarnlngs aro \ % times Int. charge (incl. bonds to be is
suod.)
Rod. at 105 and int. on any int. day. Sinking fund of 2 % por an
num bogan Juno 1 1913 to provide for add'ns an l batt ts or for purchase of
bonds. V . 94, p. 1764.
(5) Iowa & Illinois Ry.— A trolley road.
In 1913 tho United Light Sc Railways C o . acquired control.
O R G A N IZ A T IO N .— incorporated In Iowa m Sepcenner 1901.
Is an
electric road, with a steam charter.
Franchises expire In 1951.
Having completed Its freight terminals In Davenport, company In 1912
entered Into a freight contract with Chic. Sc North Western Ry. for Inter
change of traffic over entire Chic. Sc North Western system JV. 93, p. 680.
511
ELECTRIC RAILWAYS
,
In Feb. 1913 entered into an agreement with tho Davonport & M usca
tine R y. (controlled by tho T ri-C ity R y. & L t. C o .) by which tho two com
panies havo established through service between Clinton and M uscatine,
via D avenport. T ri-C ity R y . & L t. C o . furnishes power and will install
additional oquip. It is contemplated furnishing electric-light and power
along the route of the Iowa & Illinois R y .
STOCK A N D B O N D S—
D a te .
In te re s t
O u ts ta n d in g .
M a t u r it y .
Common, $1,500,000 ($100).......................................
$1,500,000 ____________
Pref,$800,000, 6 % cu m ($100).....................................
554,200 .................. __
1st m tge, $2 000,000 , gold) 1904
5 g J-J
1 .063,000 Jan 1 1924
( $ 1 ,0 0 0 ) -----------------------c* t f ) Interest at Girard Trust Co. Phlla.. Trustee.
B o n d s .— Remaining bonds are reserved for acquiring steam or other rail
ways and to provide for steam railway terminals and equipment at 8 0 % of
cost. No sinking fund, but subject to call on any interest date at 105 and
Interest. See V . 82, p. 100, 160.
R O A D .— Operates 46.91 miles over owned and leased tracks on private
right of w ay, connecting Davenport and Clinton, la . 70-lb. T rail.
Standard gauge.
Has agreement with D avenport & Muscatino R y . for
joint operation between Clinton and M uscatine via D avenport. Also
has traffic agreement for transferring passengers to Rock Island and
M oline, 111.
O F F IC E R S .— Pros., J. F . Porter; V .-P s ., P . P . Crafts and F . W . Ellis;
Sec. and Troas., II. E . W eoks.— V . 82, p. 100, 160; V . 95, p. 680.
GREEN BAY, WIS.
W ISC O N SIN SE C U R IT IES CO.— A holding com pany.
ORGANIZATION.— Incorp. in Wisconsin on Dec. 12 1911 and Is a
purely financing com pany.
(V . 94, p .6 3 2 ) .
Stock auth. and out, $1,0 0 0 ,0 0 0 . Has acquired control of Wisconsin
Pub. Service Co. and owns $800,000 bonds of that company placed in escrow.
O F F IC E R S .— Prest., Clement C. Smith; V .-P s ., Oliver C. Fuller and
W m . Bigelow; Sec. & Treas., Howard Greene.— V . 94, p. 632
(1) W isconsin Public Service Co.
O R G A N IZ A T IO N .— Incorp. in Wisconsin in Jan. 1912 as reorganization
and merger of the Green Bay Tract. Co. and Northern H ydro-E lec. Co.
Owns and operates entire city and interurban railway system (except about
1 mile of track) centering at Green Bay, and furnishes gas, electric light and
power to Green Bay and suburbs. Owns all the stock and $150,000 of the
bonds of the Green Bay Gas & Elec. Co. The latter company Is operated
separately. See V . 82, p. 573, 631, and V . 86, p. 172, for partlcuiarsof that
com pany. Street railway fra n c h is e is perpetual and exclusive until 1918.
ST O C K S A N D B O N D S .—
D a te .
In te re s t. O u ts ta n d in g .
M a t u r it y .
Common, $1,000,000 ($100)..........................................$1,000,000
_ _ .............
Pref., $600,000 6 % cum ($100) ........
....................
600,000 No div. yet
1st mtge & ref $15,000,000,1 1912
5 g J-J
1,150,000 Jan 1 1942
gold ( $ 1 ,0 0 0 ) ___________c*J In t. at Wisconsin Tr, C o., Milwaukee, trustee
5 g M -N
502,000 M ay 1 1935
Green Bay G Sc E 1st & ref M, \ 1905
$750,000, g, ($1,000) _ _ c * /I n t . at Wisconsin Tr. C o., Milwaukee trustee
B o n d s .— W ise. Pub. Serv. bonds are subj. to call on any Int. day at 105
and Int. $1,100,000 bonds are held in escrow (of which $800,000 are owned
by W ise. Secur. Co.) to be issued under certain restrictions. Remaining
bonds are for acquisition and to retire underlying bonds under certain re
strictions. See V . 94, p. 1697. The Green Bay Gas Sc E l. bonds are subj
to call at 105 until 1924; thereafter at par; $20,000 have been paid and
canceled
•
■.
. .
.>
LT] ."J
E A R N I N G S .— O f combined properties for year ond. Juno 30 1913:
gross, $452,418; opor. exps. and taxes, $289,614; net, $162 ,80 4.
R O A D .— Owns and operates all lines In the City of Green Bay; also a line
from Green Bay to De Pere City, and branch to Duck Creek and a line from
Green Bay to W est De Pere, Little Rapids, W rlghtstown and Kaukauna:
total. 41.87 miles of track.
45 and 78-lb. rail; 30 motor cars; 12 trailers.
O F F IC E R S .— Pres., Clement C . Smith; V .-P ., L. Patton; Sec. & T rea s.,
Howard Greene; Asst. Sec. Sc Asst. Treas., George Allison, all of Milwaukee.
— V . 94, p. 632, 1697.
GREENFIELD, MASS.
MASSACHUSETTS CONSOLIDATED RAILWAYS.
O R G A N I Z A T I O N .— Organized in Boston on N o v . 16 1911 as the M assa
chusetts Northern Rys. In M a y 1913 name was changed to tho M assa
chusetts Consolidated Railways. Is a voluntary association managed by
a board of soven trustees. V . 93, p. 1462, 1599, 1787. Controls through
stock ownership the following companies:
Concord Maynard & Hudson S t. R y . IMillers River Street R y . (proposed).
Connecticut Valley Street R y .
|Northern Massachusetts Street R y.
The system comprises 114 miles of road, serving 20 cities and towns In
Central and Northern Massachusetts. Both passenger and express service
are provided. Rights of way are being secured on the proposed line from
Orange to Millers Falls.
Shares—
O u ts ta n d in g .
L a s D D iv .1
Common $1,640,300 ($100).......... ......................................$1,610,000
O ct ’ 13, M
Convertible com ., $60,600 ($100)__________________
9,200 ____________
Pref $1,100,000 ($100) cum (see text) Q -F ..................
691,900 N o v ’ 1 3 , l X
S T O C K .— Additional pref. shares only to be issued when net earns, for
12 mos. ending not more than 180 days prior to date of Issue shall have been
l H times amount necessary to pay div. on shares out and applied for.
Conv. com . shares m ay be exchanged for an equal amount of pref. when
net earnings for 12 m os. ending not more than 180 days prior to date of
application for conversion shall have been 1 H times amount necessary to
pay dlvs. on pref. out and that to be issued in exchange for conv. com . As
to d lv s.,c o n v . com . Is treated as common stock.
Dlvs. on pref. aro 5 % to N ov. 1 1914, Incl.; 5 H % to N ov. 1 1917, incl.,
and 6 % thereafter.
In case of liquidation pref. Is entitled to $110 per share
up to N ov. 1 1914, $115 to N ov. 1 1917 and $120 thereafter. V . 93, p. 1599.
D iv id e n d s .— On pref., 1 % quar. from Feb. 1912 to and inc. N o v . 1913.
On com m on, initial dividend or
was paid O ct. 15 1913.
E A R N I N G S .— O f 5 sub. cos. for year ending Juno 30 1913, gross,
$531,639; net, $168,346; int. & taxes, $103,770; prof, divs., $9,450; com .
dlvs., $23,468; balance, $31,659.
O F F IC E R S .— Sec. & Troas., D . P. Abercrombie Jr., Greonfield, M a ss.—
V. 93, p. 1462, 1599, 1787; V . 94, p. 351: V. 96. p. 1489: V. 97, p. 365, 951.
(1)
C o n n e c tic u t V a lley Stree t
R ys. owns 4,891 shares of tho stock.
R y.— Trolley.
Tho
M ass. Consol.
O R G A N I Z A T I O N .— Incorporated in 1899. Commenced Jan. 22 1900.
Is a consolidation on April 1 1905 of the Northampton & Amherst Street
R y .. the Greenlleld Sc Turner's Falls Street R y. and the Greenfield Deerfield
* Northampton Street R y ., as per plan In V . 80, p. 1111.
STOC K A N D B O N D S—
D a te .
In te re s t. O u ts ta n d in g .
M a tu r ity .
Stock, com ., $500,000 ($100)......................................._
$500,000 N o v ’ 13 H %
Pref..$120 ,0 00(6% cu m .) ( $ 1 0 0 ) ____
M-S
120.000 Sept '1 3 , 3 %
Connecticut Valley St R y first/ 1900
5 g M-S
120,000 Sept. 1 1920
mort gold ($1,000) .c * -n t f | I n t . at Old Colony Trust C o., Boston, Trust.
Northamp & Amh first m tg e ./ 1900
5 g M-S
180,000 Sept. 1 1920
$180,000 g ($1,000) -C -n tf\ In t. at Old Colony Trust C o., Boston, Trust.
Greenlleld Deerdeld A North) 1903
5 g J-J
150,000 July 1 1923
first mort, $150,000. gold )Int. at Mercantile Trust C o., Boston, Trus.,
($1,000 and $500) _ .c * - n t f j
No sinking fund and bonds cannot be called
Greenlleld Sc Turner’s Falls/ 1896
5 g J-D
66.000 June 1 1916
Trust C o., Boston.
first mtge, g. s f ------------- n tf (Interest at Beacon
GreenATurnFallscons m $130,-f 1903
5 g J-D
64.000 June 1 1923
000 g ($500.$1,000) .-C * .n t f i Interest at Beacon Trust C o.. Boston. T ru st.
Loans payablo Juno 30 1 9 1 3 . . ____
________
125,000 ____________
B o n d s .— Greenlleld Sc Turner’s Falls first mortgage (originally $100,000)
provides for the payment of $2,000 annually from 1897 to 1915, inclusive, at
a premium. Sufficient of the consols Is reserved to retire the first m ort
gage bonds at maturity. The Northampton & Amherst bonds are suoiect
to call at 105 on 4 weeks’ notice, as are the bonds of the Connecticut Valley
Street Ry. The $120,000 Connecticut Valley bonds were Issued under the
first mortgage of the Northampton Sc Amherst Street R y ., which was origi
nally drawn for $300,000.
D iv id e n d s .— On pref. 3 % seml-ann. since Sept. 1910 to and Incl. S e p t.,
1013. On com ., in 1912, Fob.. 1 % : A u g., & % .
In 1913. Feb.
M a y , 1 % ; A u g .. M % :llN o v .,
E A R N I N O S .— For year ending June 3011913, gross, $237,051; net, 5 8 0 ,
752; int. & taxes, $16,269; prcf.ldivs., $7,200;'Jcoaa.’ divs.. $12,482; balance,
$14,801.
GO
ELECTRIC RAILWAYS
f * R O A D .— Owns and operates 47.054 miles of track between M iller’sFalls,
Turm er’s Falls, Greenfield, N ortham pton and Am herst. 41 passenger
cars, 2 snow-plows, 5 other cars and 134 electric motors.
fB O F F IC E R S .— Pres., F . E . Pierce; Sec. & T reas., D . P . Abercrombie Jr.I
S u p t., J. A . Taggart.— V . 05, p. 297; V . 00, p. 1296; V . 97, p . 208.
(2) N o rth ern A lassa ch n setts S tree t R y. The M assachusetts Consol.
R ys. owns all the common stock ($350,000) and $50,000 of the pref. stock.
O R G A N I Z A T I O N .— Incorp. in M ass, on July 1 1894 as the Athol &
Orange Street R y . N am e changed to abovo on M a y 1 1913.
In Jan. 1913
purchased the property and franchises of the Templeton Street R y. and on
M a r. 1 1913 absorbed the Gardner W estminster & Fitchburg Street R y
A s a result of these acquisitions, stock was increased from $74,500 , all of
one class, to $500 ,00 0, of whteb $150,000 is 6 % cum . pref. stock.
S T O C K S A N D B O N D S — V a le .
In te re s t. O u ts ta n d in g .
la t u r it y .
Com m on $350 ,00 0............................... .
...............
$350,000 .......................
Pref 6 % cum $ 150 .00 0________ ______________- - 150,000 - - - - - - - - - Ist& refM $5,000,000 ($ 1 ,0 0 0 )/ 1913
5 g M -N
255,000 M a y 1 1943
red’l o n 4 K % intbas c * n tf lin t, at American Trust C o ., Boston, Trustee.
Athol & Orange first m tge. n tf 1905
5 J-J
G0>0ilP
* 121®
Gard W estm & Fitchburg 1 s t ) 1900
5 F -A
185,000 Feb. 1 19-0
m tge ($1,000) gold- c * . n t f /I n t . at Old Colony T r. C o ., B oston, Trustee.
------------340,000 ------------------Loans payable June 30 1 9 1 3 . . ------B o n d s — O f the $5,000,000 1st & ref. bonds. $245,000 are reserved to
retirojan equivalent amount of underlying bonds. N o sinking fund.
E A R N I N G S .— O f combined companies for year ending June 30 1913',
gross, $221 ,03 7; net, $63,989; int. charges, $41,481; pref. d iv ., $2,250;
com . d iv ., $10,985 ; balance, surplus, $9,273.
R O A D .— 4 7.7 miles of track.— V . 97, p. 365, 1357.
(3) C on cord M aynard & H u d so n Stree t R y .— A trolley road. Tho
M a ss. Consol. R ys. owns 2,276 shares of tho stock.
O R G A N IZ A T IO N .— Organized In Massachusetts March 27 1901. A c
quired Concord ft Clinton S t. R y . Feb. 1 1902. On A u g. 25 1911 acquired
Lowell Acton & Alaynard S t. R y . V . 93, p . 1786. F ra n c h is e s perpetual.
• STOC K A N D B O N D S—
D a te .
In te re s t. O u ts ta n d in g .
M a tu r ity .
Stock, $235,000 ( $ 1 0 0 ) .....................................................
$235,000 See earnings
1st mortgage, $250,000, gold) 1902
5 g J-J
230,000 July
1922
($1,000) ................. c& r.n tfJ Interest at American Trust C o.. B os., Trus.
Loans payable June 30 1 9 1 3 . . ------------------40,000 ------------------• R O A D .— Owns 19 miles of track between Concord, Alaynard. Acton,
Stow and Hudson. A t Concord connects with L e x. & Bos. and at Hudson
with Worcester Consol, and Bos. & W orcester. | .......................................
E A R N I N G S .— For year ending JunelSO 1913, gross, $73,551; net, $ 23,
604; interest charges, $16,019; balance, $7,584.
• (4) Millers River Street R y.
Rights of way are being secured on this company's/proposedlllnc between
Millers Falls and Orange. __________
GREENSBORO, N. C.
NORTH C AR O L IN A PU B LIC SERVICE CO.
O R G A N IZ A T IO N .— Chartered in North Carolina In 1909. Purchased
the Greensboro Elec. Co., Greensboro Gas Co. and High Point Elec. Pow .Co.
In 1911 acquired majority of the stock of Salisbury ft Spencer R y . C o.,
which company it also leases for 50 years. V . 93, p. 1324. Does entire gas,
electric-light and power and street railway business of Greensboro (and its
suburbs of Proximity, Revolution, W hite Oak and Pom ona), Salisbury,
Spencer and East Spencer, entire street railway and electric business ol High
Point and municipal street lighting and street railway business of Concord.
Power Is purchased from Southern Power Co. In 1910 fran chises had the
following number of years to run; Greensboro, 28 yrs., High Point, 59 yrs.,
Salisbury and Spencer, 51 yrs, Winston-Salem , 58 years; also has a 30-year
fra n c h is e in Guilford County and township.
In 1913 obtained a 60-yenr
fra n c h is e for a street railway in L e x i n g t o n . fesS#,tfcj-.
^ T ' o c K A N D B O N D S—
D a te .
In te re s t. O u ts ta n d in g .
M a tu r ity .
.................
$3,500,000 -----------------tock $3,500,000 i $ 1 0 0 ) _ ...................First & ref. mtge. $3 ,5 0 0 ,0 0 0 ) 1909
5 A -O
1,544,900 Apr 1 1 9 3 4
($100, $500 and $ 1 . 000 ) . . c t Int. at Equitable Trust C o., N . Y . , trustee
Greensb El Co gold mtges (2)
issues) ($500 ft $ 1 ,0 0 0 ). c j ____
5%
203,500 .......................
Salisb & Spen Ry 1st AI gf 1905
5 g M -N
516,000 Alay 1 1945
5 1 ,0 0 0 ,0 0 0 ( 5 1 ,0 0 0 ) ____ c * ( I n t . at Mich. Trust Co., Grand Rapids,
1 trustee, or W . N . Coler ft C o ., N . Y .
B o n d s .— Of the 1st & ref. m tge., $203,500 arc reserved to retire like
amount of mortgage bonds of Greensboro Elec. C o., $219,100 are held in
treasury and $1,532,500 are reserved for future improvements and ac
quisitions under proper limitations. V . 8 8 , p. 1128; V . 94, p. 699
Subject to call on any interest date at 105 and interest. Sinking fund
of 1% per annum of gross income July 1915 to 1920; 1 K % July 1920-1925
and 2 % 1925 to maturity. Of remaining Salisb. & Spen. R y . bonds $29,000
are in treas. and 5455,000 are reserved for future extensions and improve
m ents. Redeemable at 105 and interest,
■ • • •
. . .
I " E A R N I N G S .— For year end. D ec. 31 1912. gross, S400.225; net! after
taxes, 5136,863: Interest, $75,696; surplus, $ 6 1 , 1 6 7 . ) ........................
“ i t O A b '— Owns 28.5 miles of track. 60 and 70-lb. T and 90-lb. girder
rails. Standard gauge. 35 cars. Connecting extensions between the
various cities are proposed. Owns Lindley Park at Greensboro. Electric
plants capacity 2,800 h. p. 175 miles transmission lines.& Gas plants
capacity 3620,000 cu. f t ., 68 miles of mains.fr^
IP, O F F IC E R S .— Pres., ii.S*. CoTeiTV.-P.. ft G enjAlgr., J. prcia rke: V .-P .
Z . V . Taylor; Sec & Treas., L . II. Hole Jr.; Asst. Sec.. E . B. Coler; Asst
T reas., C .B .H o l e . — V . 94, p .6 9 9 ; V .9 5 , p . 3 G l ; V.)96,[p. 790; V . 97,p.50.
f
[ V o l . X CV II I.
STO C K A N D B O N D S—
D a te .
In te re s t. O u ts ta n d in g .
M a t u r it y .
Stock, $2,000,000 ($100)................................................... $1,000,000
.......................
1 st m ort., $ 1 ,000,000, gold.) 1905
6 g A -O
1,000,000 Sept. 80 ’35
( $ 1 ,0 0 0 ) ............................... t f /l n t . at Hibernia Bk. & Tr. C o., N . O rl., Trus.
m o rtg a g e
g old ) 1907
6 g J-J
692,000 July 1 1932
Second
($ 1 , 0 00 ) ........................... c. tf/H Ibern la Bank & Trust C o., Trustee.
6 g J-J
170,400
Jan 1 1924
Bll. El. R y. ft P. 1st m tge., g] 1903
($100, $500 $1,000) . . - t f lin t , at Hibernia B k . ft Tr. C o., New Orleans
B o n d s .— The bonds of 1905 are subject to call on Oct. 1 In any year at
105; no sinking fund. Interest on 2d m tge. Is payable at First N at. Bank,
Gulfport.
Bonds have no s. f. and are not subject ta call. The Biloxi
Electric Railway & Power bonds are subject to call at 106 and Interest.
E A R N IN G S .— For year end. June 30 1913 gross, $272,679.
R O A D .— Operates 13 miles of track from Gulfport to Biloxi and 11 miles
from Gulfport to Pass Christian; also 6 miles of track In Biloxi; total, 30 m .
O F F IC E R S .— Pres., J. T . Jones, Gulfport: V .-P . and A u d ., R . E . Pow
ers, Buffalo, N . Y .; Sec., H . C. Elder; Treas., F. V . Osborne, Gulfport; Gen.
M gr., W . F . Gorenflo, Gulfport.— V . 83, p. 95.
HAGERSTOWN, MD.
HAGERSTOWN & FREDERICK RY.
O R G A N I Z A T I O N .— Incorp. Apr. 7 1913 n M aryland as a consolida
tion of the Frederick R R „ Frederick Gas & E l. C o ., Myorsvhlo & C atoctin R y ., Hagerstown R y ., Hagerstown & Boonsboro R R ., Hagerstown &
Mversville R R ., Hagerstown & Northern R R . and Frederick & Hagerstown
Power C o . Au th. by stockholders on M ar. 21 and 22. V . 96, p .9 4 7 , 1422,
STOCK A N D BONDS—
D a te .
In te re s t.
O u ts ta n d in g .
M a t u r it y .
Com m on, $2,000,000 (550)_________
________
$2,000,000 .......................
Pref, 7 % cum , $ 1 ,0 0 0 ,0 0 0 (5 5 0 )____
________
635,000 - - - - - ...........
First & ref m tge. $ 1 0 ,000 ,000 / 1913
5 g M -N
See text.
M a y 1 1943
($1,000) sinking fuu d.c& rllnterest at Baltimore Trust C o ., Trustee.
Hagerstown Ry 1st m tge/ 1896
6 g Q -F
200,000 M a y 1 1916
$200,000 gold_____________ (Interest at E avy Lane & C o ., Hagerstown.
Hager ft Myers R y , $ 1 25 ,00 0. 1904
5%
120,000 July 1 1924
Hagers & Bornisb R y 1st Ml
1902 5 F - a
110,000 Fob 1 1922
$120,000 ($500 ft $l,000)c*J
Int. at Maryland S. & Tr. Co..Hagerstown
Hagers * Nor UR 1st mtge!
1908 5 g F-A
200.000 M ch 1 1927
$200,000 gold ($1,000, $500 )In t. at Maryland S. &Tr. C o., Hagerstown.
and $ 100 )________________ c*J
Trustee, W m . Jennings.
Fred & H ag Pow 1st M ________ 1912
6%
300,000 Apr 15 1922
M y e rs v ftC a to c 1st M ------------- 1904
5%
35,000 Jillv 1 1929
Frederick R Ii 1st & ref M $1,-)
1010 5 g M -S
190,000 M ch 1 1960
500,000 gold ($ 1 ,0 0 0 )....... (Fidelity Trust C o., Baltimore, Trustee.
Fred & Middletown first mtge) 1905
5 g J-J
250,000 D ec 1 1935
$ 2 5 0 ,0 0 0 gold ($ 1 , 000 ) . ..c jF id e lity Trust C o., Baltimore, Trustee.
Fred Gas ft Elec 1st M 5200,-)
1904 5 J-J
181,500 July 1 1929
000 g ($500ft$l,000) g.p ftl,/In terest at W est End Trust C o., Philadclbv Fred R R ; not sub to call I nbla. trustee.
M onocacy Valley R y first/ 1908
5%
•\b.000
1025
mortgage
........ ................ 1 Steiner Schley & Leonard Wacscho of Frcder( ick, M d ., Trustees.
Stock.— The pref. stock is redeemable at par and dividends.
B o n d s.— Of the new $10,000,000 m tge., $1,515,000 aro reserved to retire
prior lien and $ 1 , 7 8 5 ,0 0 0 to retire floating debt and for im pts., See. S itik in g
fu n d beginning Jan. 1919 to July 1933, M % somi-ann. of all bonds issued.
Thereafter, H % semi aim . until m aturity.
Red. at 105, all or part, by lot.
The Hagerstown & Boonesboro R y . bonds are redeemable 1912 at par. The
Hagerstown & Northern R R . bonds aro subject to call in 1917.
$280,000 of the Frederick R R . 1st & ref. bonds are reserved to retire a
like amount of prior liens. Bonds are subject to call as a whole on any Int.
date at 105.
Int. payable at company s office In Frederick. I<red. &
Midd bonds are subject to call at 105 on any int. date.
Fred. Gas & E l.
bonds are gimr p & i. by Frederick R R . B alt. Trust C o ., trustee
The
M onocacy Valley 1st M . bonds are secured by an equal amount of bonds
of tho Frederick R R .
R O A D .— Operates about 81 miles of track.
O F 'F IC E R S.__ Pres., Edw . F . Peck, Hagerstown, M d .; V .-P s ., E . L .
Coblentz, Frederick, M d ., and H . ITolzapfel Jr. , H agerstown; Treas.,
Thos II Ilaller Frederick; Sec., Victor M . Cushwa, A sst. See. & Asst.
Treas., C . A . H oag; Gen. M g r ., W m . J. H arvie, Hagerstown. A id .—
V . 90,’ p. 947, 1228, 1422. 1488.
......
HAMPTON, VA.
NEW PORT N EW S & OLD POINT R A I L W A Y & ELECTR IC.
In Jan 1912 control of road changed hands. ’ 'Newport News Syndlc-ite 1912 ’ ’ was formed to acquire the securities of the company and out
standing shares of the affiliated companies, with a view of reorganizing the
nronerties nrovldlng monev for extens. to the clec. lighting and power gas
niarU servicesand to add to power facilities and car equipment. Details
arc now being carried out! improvements and extensions are under way.
V . 9 5 . p. 481; V . 94, p. 208.
*
M e r n c r __ Stockholders voted Jan. 9 1914 on a proposition to consolidate
the Citizens R v . L t. & Power C o ., the Newport News & Old Point R y . &
Elec. C o ., and the H am pton Roads Tract. C o. under the name of (he
Newport New s & H am pton R y . G as & Elec. C o . It is hoped to have
consolidation completed by M arch 1. \ . 98. p. -3 6 .
O R G A N IZ A T IO N .— In 1898 purchased the Newport News Hampton &
Old Point R y . and acquired the Chesapeake Light & Power Co. at Hatnm on.
Va
I ater acnulred the Citizens Railway. Eight ft Power Co. through
ownershin of S195 000 out of a total issuo of $200,000 capital stock, which
comnanv in turn acquired $ 7 0 ,0 0 0 of tho $100,000 capital stock, and the
cnUre* bond hsue of the Newport News Gas C o. The Newport News &
O P? R y & EVee and Citizens’ R y ., L t. & Pow. C o. own entire capital
stork of the Hamilton Roads Trac. C o. Controls tho railway, electric
lighting and ice business In Newport N ew s. Ham pton, Old Point and
Phoebus
Also controls gas business In Newport N ew s. Aug. 18 1908com n-uiv was granted nermisslon to increase fares from 5 to 10 cents between
GREENVILLE, S. 0.
R e^n ort l ? .™ s a ml H am pton. Fare from Newport News to Old Point, 15c.
In Oct 1911 sold its interest in Danville R y . & Elec. C o ., receiving In pay
P R EE N V ILL E rT R A C T IO N C O — A trolley r«,ad.*T-V
m e n t$125,000 in cash and entire issue o f $400,000 1st M . bonds of Danville
i- In)Sept. 1910 Southern Power Co. purchased[control.
Trac C o
These bonds were deposited as collateral under tho gen. M .
t o r <7a ;\ i z a :i l o n .— in iorp e ia tid I n 'South Cart Una in S tp t. i lM n
bonds, but we?e sold In 1912.
The $125,000 in cash was used by the
Ft ti ci Is supplied to this ccn pony by the Gr« t nvIlU-Can llna I’ twer Cu
company in purchasing gen. M . bonds.
\ . 05, p. 481.
for particulars of which see V . 8 5 , p, 224.
Operates 15 miles of track.
ST O C K A N D B O N D S—
D a te .
In te re s t. O u ts ta n d in g .
M a t u r it y .
>*■ STOCK A N D B O N D S—
D a te .
In te re s t. O u ts ta n d in g .
M a t u r it y .
C om m on, 5 1 ,075,000 ($100)...............
* 1 *g75,000
Stock. $500,000 ($100)........ ................................ .........
$306,000 ......................
Preferred 5 % cum ( 5 1 0 0 ) - - - --— ^^
725,000 July 0^, 2 ^
First mtge $250,000 currency) 1901
5 F-A
250,000 Feb 1 1931
First mortgage,
$9 0 0 ,0 0 0 , /
18 0 8 5 g M-N
900.000 N ov. 1 1938
i ($1,000 and $ 500 )_______c*JInterest at Girard Trust C o., Phlla., Trustee.
gold (51 000 each)
c*) Interest at A le x Bown ft Sons. B alt., Md.
Find m tg Citizens R y ”, L & PI
1900 5 g M -N
800,000 May 1 1040
O F F IC E R S .— Pres., Z . V . Ta'ylorf V ~ P .,) W . S. LeepSec., N . A . Cocke
5800,000
( 5 1 ,000 ) , g o ld -c*{
Maryland Trust, C o., Baltimore, Trustee.
Treas., E . Thomason.— V . 91, p . 1 5 1 1 . ............................
Guaranteed nrin and in t -- [Interest at A lex. Brown & Sons, Baltimore.
sss
w r - m * ------------• • •
General mortgage, $ 4 ,0 0 0 ,-/
1001 5 g M -S
1,456,000 Mch 1 1941
000 gold ($1 000 eaeh )-C *{ln t. at Alex. Brown ft Sons, Baltimore, M d..
~ O R I ENV11 LH SP AR TA N BURG & ANDERSON R Y .— A trolley road
) or at com pany’s agency In New York.
isicontrolledlby Southern Power Co. Interests. It Is proposed upon com
B o nds.— The Maryland Trust C o.. Baltimore, Is trustee of both the first
pletion of this company’s line and the line of the Piedmont (N . C.) Trac. Co
and general mortgages of the Newport News ft Old Point Railway ft
to merge the two companies Into one company to be known as the Pled
Electric. The Newport News ft Old Point bonds of 1898 are subject to
mont & Northern R y . C o.
(See Piedmont Traction C o. under Charlotte.
call at 110 on any Interest day at 60 days' notice. The Citizens’ Railway,
• O R G A N IZ'ATI O N T ^ I n rorj iT IrTs ou t h“ caroffna anil ocquired the Ander, Light ft Power Co. bonds are subject to call at 110 on any Interest day at
son Traction C o ., sold at receiver’s sale O ct. 12 1909. A u th . stock is re
60 days’ notice; they are guaranteed by the Newport News ft Old Point R y.
ported to havo been increased by $2,500,000 to 56,500,000 or $7,500,000 in ft Electric. See V . 71, p. 84. Of the $4,000,000 general mortgage bonds,
1913.
_____ _
_________ ._____
J .J
$1,700,000 are reserved to take up at maturity the outstanding first mort
T r TJAD.— I s constructingr"a line between Greenwood and Spartanburg gage bonds of the Newport News ft Old Point B y. & Elec, and the Citizens’
touching Belton, Pelzer and Greenville. Has in operation 61 miles between R y .. L t. & Pow ., and $844,000 have been retired.
In addition to the mortgage lien, bonds are secured by a deposit of the
Greenville and Greenwood and a 10-mile extension between Belton and A n
derson. Also operates 8 miles of track in and aroundJAnderson. Line stocks of the Citizens’ Ity .. Light ft Power C o., and Hampton Roads Trac.
from Greenville and Spartanburg, 32 miles, was expected to be completed in C o., and entire Issue of Danv. Trae. Co. 1st. M . bonds.
summer of 1913, but work delayed by litigation instituted by a propertyR O A D .— Including Citizens’ Ity ., Light & Power C o. and Ham pton
owner. )
Roads Trac. C o ., operates 42.98 miles of track.
■ O F F IC E R S .— Pres., J. B . Duke. N . Y . ; V .-P ., W . S.’ Lee,rCharlotte,
O F F IC E R S .— Pres., C. Loomis Allen, Syracuse. N . 5 '.; V .-P ., E . F.
N . C .: Treas., E . Thomason, Charlotte, N . C.— V . 89, p. 1346; V . 92,
Peck. Schenectady, N . Y .; V .-P . ft Gen. M gr., J. N . Sliannahan, Ham p
p. 1499; V . 97. p. 803, 1583.
ton: See. ft Treas., William Stewart, H am pton.— V . 88. p. 452. 624, 1561;
V . 91, p. 791, 1254, 1447; V . 94, p. 208; V . 05, p. 481; V. 98, p. 236.
GULFPORT, MISS.
r • OU LT PORJL&M1SSI SSI PP1 COAST T R ACTIOlNXTL
; ; l• • •
I • O I U i A N l Z z m O N .— Incorporated^inTMlsslsslppl In T obs! Purchastu
the Biloxi Electric R y. & Power Co. and the Gulfport Development Co.
Inil907tlncreased auth. stockkfioniL$l ,0 0 0 ,0 0 0 L to I$ 2 ,0 0 0 .0 0 0 ......................
•. F r . r.
K .
HANOVER, PA.
H A N O V E R & M c S H H R R Y S r O W N S T R E E T R A I L W A Y CO.
• O R G A N IZ A T IO N .— Incorporated In Pennsylvania. Owns,all the stock
of the Hauover Light, Heat &l,Powcr C o . .....................................................
ELECTRIC RAILWAYS
J an., 1914.j
ST O C K A N D B O N D S—
D a te .
In te re s t. O u ts ta n d in g .
M a t u r it y
------$135,000 Jan.’ 14, 4 %
Stock 5200.000 ( $ 5 0 )........................... First m tg $500,000 g ($1,000)1 1908
5 g J-D
1 5 1 .0 0 0 June 1 1 9 2 8
subject to call at 1 0 5 . . c ’ tf/In te re s t at York Trust C o., York. P a ., Trus.
B o n d s .— Of remaining bonds $100,000 are reserved for extensions, Ac.
D iv id e n d s .— In July 1804, 2 ) ( % ; In 1895, Jan., 2 H : 1897-1902 records
lost.
1903 and 1904 none. In 1905, Jan ., 6 % . In 1906 amd 1907, none:
Jan. 1908 to Jan. 1913, incl., 6 % per annum. In July 1913 5 0 % stock
d iv . paid); Jan . 19J4 (regular) 4 % .
E A R N I N G S .— For cal. year 1013, gross, $92,812; not, after taxes, $ 4 3 , 621; in t., $21,138; dividends, $5,400; surplus, $17,083 . In 1 9 1 2 , gross,
$87,653 ; net, after taxes, $40,600; Interest, $20,906; dividends, $ 5 ,4 0 0 ;
surplus, $19,694.
R O A D .— Owns 12.59 miles of track In and between Hanover. McSherrystown, Llttlestown and Conewago Chapel. Standard gauge. 60-lb. I ana
girder rails. An extension to New Oxford Is under construction; about
1-3 o f a mile is completed and in operation.
O F F IC E R S .— Pres., J. W . Steacy; V .- P .. W . D . Himes; Sec. & Treas.*
Ellis S. Lewis; G en . M g e ., R . E . M anley.
HARRISBURG, PA.
H ARRISBU RG RAILW AYS.
61
R O A D .— Companies controlled (Including the Haverhill & Amesbury
S t. R y . and Citizens’ Elec. S t. R y.) operate 140 miles of track connecting
Nashua, Pelham, Lowell, Lawrence, Methuen, Haverhill, Salem, Merrlmac,
Amesbury, Salisbury, Newburyport and Salisbury, Seabrook and Ham pton
beaches. Dover, Somersworth, Rochester and East Rochester— all points
In N . II. or Mass. Company owns several pleasure resorts. Also does
electric-lighting business. Population served, 500,000.
O F F IC E R S .— Pres.. D . A . Belden, Haverhill; V .-P ., M . N . Buckner,
New York; Sec, and Treas., F . J. Horne, New Y o rk. V . 8 8 , p. 1500; V .
90, p. 237; V . 91. p. 215; V . 94, p. 1696; V . 9 5 . p. 4 7 . 2 36, 2 98. 1608; V
96, p . 863; V . 97, p . 803; V . 98. p. 236.
HAZLETON, PA.
WILKES-BARRE & HAZLETON RR.
O R G A N I Z A T I O N .— In c o r p o r a te d in N ew J ersey M a y 1 90 1, a n d a cq u ired
the en tire ($ 1 ,5 0 0 ,0 0 0 ) ca p ita l s to c k a n d ($ 1 ,5 0 0 ,0 0 0 ) b o n d s o f th e W ilk es Barre A H a z le to n R a i l w a y C o . (P e n n s y lv a n ia In co rp o ra tio n ) an d d e p o s ite d
the s a m e , to g e th e r w ith $14 0,00 0 (en tire Issue) o f th e L eh igh T r a c tio n C o .’ s
6 % certifica tes o f In debtedn ess and $ 9 2 2,20 0 o f th e $ 1 ,0 0 0 ,0 0 0 s to c k o f
the L eh igh T r a c tio n C o. as se cu rity fo r th e W ilk e s-B a rre & H a z le to n R a il
road C o . Issue o f first co lla te ra l tru st m o rtg a g e 5 % g o ld b o n d s . V . 7 2 ,
p . 1281. F r a n c h i s e s are 999 years In an d aro u n d H a z le to n a n d p e rp etu a l
from H a zle to n t o W ilk e s-B a rre .
STOCK AN D BO N DS—
D a te.
In te r e s t.
O u ts ta n d in g .
M a tu r ity.
C o m m o n $ 2 ,5 0 0 ,0 0 0 ($ 1 0 0 )___ ______
___________ $ 2 ,5 0 0 ,0 0 0 _______ ______
Pref 6 % n o n -cu m $ 7 0 0 ,0 0 0 ___ ______
___________
185,600 ____________
C ollateral tru st m o rtg a g e $2,-J 1901
5 g M -N 15 1 ,9 0 0 ,0 0 0 M a y 15 1951
600 .000 g o ld ( $ 1 ,0 0 0 )___ c * ) I n t . a t G u a ra n ty T ru s t C o ., N . Y . , T ru stee.
C ollateral trust m o rtg a g e $1,-1 1905
5 g A -O
1.2 2 7 ,0 0 0 O c t . 1 1 9 4 5
500 .000 g o ld ($ 1 ,0 0 0 )____ c i l n t . a t G u a ra n ty T r u s t C o ., N . Y . , T r u s te e .
B onds a n d stock.— O f th e a u th orized Issue o f $ 2 ,5 0 0 ,0 0 0 c o ll, tru st b o n d s o f
1901. $60 0,00 0 are reserved t o retire all b o n d s o f th e L eh igh T r a c tio n C o. A
sinking fu n d o f $20 ,000 per a n n u m , w hich began Ju n e 1 1908, Is t o be In
vested In th e co llateral tru st b o n d s o r In b o n d s p u rch a sa b le b y sa vin gs b a n k s
in N ew Y o r k S ta te . See V . 7 2 , p . 1281; V . 7 8 , p .2 8 9 .
T h e c o lla te ra l tru s t
b o n d s o f 1905 h a v e a s i n k i n g f u n d o f $10 ,000 per an n u m , w h ich b e g a n In
1910. B o n d s can be ca lled a t 110. P referred s to c k c a n , a t o p t io n o f
c o m p a n y , be ch an ged at a n y tim e Into th e b o n d s o f th e c o m p a n y a t p a r ,
said b o n d s to bear n o t less th an 5 % . nr m a y be re d e e m a b le a t par In ca s h .
E A R N I N G S .— F o r c a l. y r . 1912 (ln cl. a llied c o m p a n ie s ), gross, $42 7 ,8 8 5 ;
net, $21 1,44 6; in t ., ta x e s an d renew als, $21 0,39 2; surplus, $ 1 ,0 5 4 .
O F F I C E R S .— P re s ., A . M arkle; V .- P . & G en . M a n ., C . B . H o u c k ; S e c . A
T r e a s ., N . C, Y o s t .— V . 83, p . 1292; V . 8 7 , p . 679 .
O R G A N I Z A T I O N .— Incorp. in Penn. o
n
.5
the Central Pennsylvania Traction C o . (see Electric Railway Section of
Sept. 1912) and Its subsidiaries. V . 96, p. 2 0 - .
n.
O f tho new bonds, $ 3 , 0 0 0 ,0 0 0 have been issued, the proceeds of which will
retire or provide for retirement of all underlying bonds except the Citizen
Passenger first mortgage 6 s ^ certificate was filed on Jan 6 1914 to
increase the debt from $3,000,000 to $ 3 ,109,000.
V. 98, p. lo o .
ST O C K A N D B O N D S—
D a te .
In te re s t. O u ts ta n d in g .
M a tu rity .
Com m on $ 3 . 0 0 0 . 0 0 0 - - . - - .....................
*'2’?nn'nnn .......................
Prpforrod rum $2 100,000____ ______
SCO text
2,100,000 - - - - - - - - - 5 J -D
2 .974,900
1942
K r e f u g e $10,000.0001 1912
(s i 000 and $ 500 )_______tf/H arrisbu rg Trust C o ., trustee.
5 A -O
8 ,100 Apr 1 1935
Ling & B 1 M tn m tg $125,0001 1905
\?nld($100 & $ 5 0 0 )____ c t f /I n t . at Harrisburg Trust C o ., trustee.
Harr & H um 1 st M $200,000\ 1905
4 K K M -N
17.000 Apr 1 1935
iruar nrin and in t e r e s t -.t f J
_
„,
Citizens’ Passenger first rntgo) 1894
6 g M -N
75,000 M a y 1 1924
$ 7 5 ,0 0 0 gold ........................ .. [In t. at C o m ’w’ th Guar. T r . C o ., Harrisburg.
S T O C K .— Pref. stock is cum . at 5 % until 1915, and 6 % thereafter.
R E P O R T (of merged companies).— For fiscal year ending June 30 1913,
gross, $944,045; not, $572,721; rentals, taxes and in t., divs. and better
m ents, $484,933; surplus, $87,788.
(1) Lehigh Traction Co. — A trolley road.
R O A D .— Owns and operates 72.91 miles of lino.
O R G A N I Z A T I O N .— Chartered N o v . 7 1892. F r a n c h i s e p e r p e tu a l.
O F F IC E R S .— Pres., H . D . W albridgo, N . Y . ; V .-P . & Gen. M g r .,
O
w
n s, c o n tro ls and leases fo r 999 years a t an ann u al rental o f $1 e a ch th e
F . B . M usser, Harrisburg; Sec., Jas. O ’Connell. Office, Harrisburg.— ■
H a zleton & S u b u rb a n E le ctric R y ., ca p ita l $30 ,000 ; H a z le to n A S o u th
V . 9 5 , p . 1745; V . 96, p. 2 0 2 ; V. 98. p. 155.
Side E le ctric R y ., c a p ita l $ 75 ,000 ; H a z le to n A N o rth Side E le c tr ic R y ..
ca p ita l $75 ,0 0 0 . T h e $14 0,00 0 certificates o f In debtedness and $92 2,20 0
VALLEY RAILW AYS.
o f Leh igh T r a c tio n s to c k are d ep o site d as s e cu rity fo r th e W ilk e s -B a rre A
O R G A N I Z A T I O N .— Incorporated in Pennsylvania in July 1912 and in I la z lo t o n R R . b o n d s o f 1901.
Sept. 1912, after increasing its stock from $ 10 ,0 0 0 to $ 2 , 0 0 0 ,0 0 0 (of which
STOCK AN D BON DS—
D a te.
In te res t.
O u ts ta n d in g .
M a tu r ity.
$500,000 is 6 % cum. pref.), purchased control of the Valley Traction C o .,
to ck $ 1 ,0 0 0 ,0 0 0 ($ 1 0 0 )_______ - ......................................$ 1 ,0 0 0 ,0 0 0 ........... ..............
which in turn controlled the Harrisburg & Mechanicsburg Elec. R y ., W hite S
First m o rtg a g e $50 0,00 0 g o ld / 1893
5 g J -D
5 00 ,000 Ju n e 1 1923
H ill & Mechanicsburg Pass. I ty ., Carlislei & Mechanicsburg St. R y ., W est
($ 1 0 0 , $50 0, $ 1 ,0 0 0 )____ c*\M ark le B k g . & T r . C o ., H a z le to n , T ru stee.
Falrview & M arysville Elec. St. R y s.. Harrisburg & Riverton St. R y ..
----------------140 ,000 ____________
C ertificates o f In d ebted n ess-------------Fairview & Riverton R y . and the United Electric C o.
H azle P a rk b o n d s. $ 6 0 ,0 0 0 - . - 1895
5 g A -O
60,000
1925
ST O C K A N D B O N D S—
D a te .
In te re s t. O u ts ta n d in g .
M a t u r it y .
R O A D .— O perates 22 m iles o f tr a c k , new 5 8 -lb . steel T rails, o a k tie s , w ell
Com m on $2,000,000 ($100)--------------------------.......................
b
allasted.
R
o
a
d
e
x
te
n
d
s
fro
m
H
a
zleton
t
o
W
e
s
t
H
a
z
le
to
n
,
t
o
Y
ork tow n
Pref cum $500,000 ($100)____ ______
6%
500,000 -------------------(c o n n e c tin g w ith P e n n sy lv a n ia R R . an d L eh igh V a lle y R R . ) , t o M c A d o o
Collateral trust $ 1 ,7 0 0 ,0 0 0 - .. 1912
5%
1,000,000 Aug 3 1952
(sou th ) an d M lln esvllle, L a tim er M ines an d F reelan d (n o r th ).
Valley Trac 1st M $ 7 0 0 , 0 0 0 } 1903
5 g A -O
555,500 Oct 1 1933
O F F I C E R S .— P r e s ., A . M arkle; V .- P . , C . B . H o u c k ; S e c . a n d T r e a s .,
void fSlOO & $500 )_____ c*JInt. at Farmers d r . C o ., Carlisle, P a., trus.
H & M i s t M $224,00'0 gold J 1894
OgMS
144,500 Sept. 1914
N . C . Y o s t; G en. M g r .. C . B . H o u c k .
i In t. at office o f trustee, Harrisburg Trust C o.
(2) Wilkes-Barre & Hazleton R y .— A trolley, steam and third-rail road
B o n d s __ Remaining coll, trust bonds ($700,000) are reserved to retire
prior liens
Valley Traction bonds are subject to call at 110. A s in k in g
O R G A N I Z A T I O N .— Chartered D e c . 13.1899 u n d er G eneral R a ilro a d L a w
fu n d of $ 5 ,0 0 0 per annum commenced O ct. 1 1908.
A c t o f A p ril 4 1868, S tate o f P e n n sy lv a n ia . T h e W ilk e s-B a rre A H a z leton
R O A D .__ Operates 44 miles of road from Harrisburg to M arysville and R R . o w n s th e en tire s to c k and b o n d s.
STOCK AN D BON DS—
D a te.
In te r e s t.
O u ts ta n d in g .
M a tu r ity.
to Carlisle.
S to c k $ 1 ,5 0 0 ,0 0 0 full p a id ____ ______
- .................. $ 1 ,5 0 0 ,0 0 0
.......................
O F F IC E R S .— Pre3 . & G en. M g r ., C . II. Bishop, Lem oyno, P a .; Sec. &
F irst m o rtg a g e $ 1 ,5 0 0 ,0 0 0 / 1901
5 g M -N
1 ,5 0 0 ,0 0 0 M ay 1 1951
T rea s., C . M . Davidson.
General offices, Lem oyno.— V . 96, p. 64.
gold_________________________ ^Interest at Guaranty Trust C o., N . Y . . Trust.
R O A D .— O w ns 27 m iles o f road fro m H a zle to n t o W ilk e s -B a rre , a n d uses
fo r term inals 1 m ile L eh igh T r a c tio n C o. track at H a zle to n an d 2 m iles
W ilkes-B a rre Term inal R R . C o . track a t W ilk es-B a rre; to ta l, 30 m iles.
E n tire road p la ce d In o p e r a tio n M ay 1 1903. R a lls, 95 lb s.
NEW HAMPSHIRE ELECTRIC RYS.
ORGANIZATION.— Organized in August 1905 as successor under
O F F I C E R S .— P re s ., A . M arkle: V .- P . a n d G en . M g r ., C . B . H ou ck*
foreclosure of the New Hampshire Traction Go., as per plan In V . 7 9 . p. S e c . an d T r e a s ., N . C. Y o s t : S u p t. o f T r a n s ., A . F . H a rger.
2205. Company Is managed by a board of trustees. Owns and controls
(a) Wilkes-Barre Terminal RR.
the following companies;
Ganoble Lake Co.
/M ass. Northeastern St. R y .
O R G A N I Z A T I O N .— In c o r p o r a te d o n O c t . 9 1903. S to c k a u th orized
Dover Somersw. A R och. S t. R y . iR o c k g h Co. L t . A Pow. Co.
an d o u ts ta n d in g , $35 ,000 (par $ 5 0 ).
B on ds a u th o r iz e d , $ 6 0 0,00 0 ( c A r ) ;
Granite State Land Co.
1
o u ts ta n d in g . $60,000 ($ 1 ,0 0 0 ).
D ate 190 5: due O c t . 1 1945.
I n t. (5 g .
All of the capital stocks of these companies Is owned by the New H am p,
A -O ) p a y a b le In N ew Y o r k .
R O A D . 3 m iles, b etw een W . B. T e r. R R .
shire K l c c t r l c R ys.. as are also the outstanding bonds of a lt the companies, Ju n e, a n d W ilk e s-B a rre . R a lls, 9 0 -lb . T ; g a u g e . 4 f t . 8J4 in . P r e s .,
with the exception of those given below. F ra n c h is e s of all the constituent C . J . K irsch n e r; S e c .-T r e a s .. N . C . Y o s t .
companies are perpetual.
A live-year contract for power was made with the Exeter A H am pt.
HAVERHILL, MASS.
^ 'in 'S e p t *HH2* Uic^Mass. Northeastern S t. R y . (formerly the Haverhill A
So N II S t. R y.) was granted permission by tho M ass. R R . C om m .to
nurchase and consolidate the Haverhill & Plalstow S t. R y ., Lawrence &
Methuen St. R y ., Haverhill A Am esbury S t. R y . and Hudson Pelham A
S a l e m St R v .. which were owned and controlled by the New Hampshire
Elec R vs. (V . 9 5 , p. 236, 298) and in D ec. 1912 further permission was
granted to purchase tho Citizens’ Elec. R y .. Seabrook & nam oton Beach
Mt Rv and Haverhill Plaistow & Newton St. R y . and to issuo 5455,000
now stock in exchange.
V . 95, p 1608.
In M arch 1913 the H R. C om m , granted the M ass. Northeastern St. R y,
normksinn to purchase the Lowell 8c Pelham Street R y . and the Amesbury
Hamilton St R y. and to issue $140,000 stock In exchange for $40,000
stock of the former aud $ 10 0 ,0 0 0 stock of the latter.
V. 96. p. 863.
In Sept 1913 tho M ass. P. 8 . C om m , sanctioned the issuance of $675,000
add. prof.- and $45,000 add. com . stock (see V . 07, p . 951), which will bo
owned by tho New Hampshire Elec. R ys. and not offered to shareholders,
and $1,000,000 of a proposed $ 2 , 0 0 0 ,0 0 0 Issue of 20-year 5 % rntgo. bonds.
$670,000 to pay floating debt and $330,000 to be held to retire the $230,000
bonds of tho Citizens’ Elec. St. R y. and $100,000Hionds of tho Amesbury
& Hampton St. R y . V . 97, p. 803, 887; V . 98, p. 236.
P o rtsm o u th & E xe ter S t. R y . S o l d . — This road, formerly owned, was sold
on A p r i l 23 1912 for $55,000.
R o a d has been dismantled.
V . 04, p . 1186
STOCK A N D B O N D S—
D a te .
Interest O u ts ta n d in g .
Last D U .
Common, $ 4 , 0 00 ,000 ($100)............................. .. .... .
*3,000,200
Pref,4 % n -c , $4,000,000 ( $ 1 0 0 ) ------3-3
3 ,399,500 Jan. 14, 2 %
j j 0 t,0
6%
704,000 On demand
............... ................'''U N D E R L Y I N G L I E N S .
Dover Somers A Roch 1st M .l
„
.
.
g, $300,000 ($1,000), c* 8 f 1901
5 g J-J
See text. July 1 1921
$ 5 ,0 0 0 per ann begins 1 904 ;)Interest at Amerlcau Trust C o.. Boston,
bonds cannot be called____ J
_
Amesbury A Hampton 1st M,1 1809
5 g A -O
See text. Oct 1 1019
gold $100 000 ($1.000)___ J Int. at Beacon Trust C o.. Boston.'Trustee.
Citizens'Elec St R y first mtgel 1900
5 g J-D
230,000 Deo 1 1920
$230,000 g o l d ............... ........./B eacon Trust C o., Boston, Trustee.
B o nds.— Of the $300,000 of the Dover Som. A Roch. bonds, all Issued.
$154 000 arc owned by the New H am p. Elec. R ys.
Of the $100,000 Ames
& Hamp bonds, all Issued, $39,000 are owned by the N . H . Elec. R ys.
and $12 000 A m e s . A l l . bonds and $62,000 D ov. Som . & R och. bonds In
s. f. D ec. 31 1913. The demand note was for refund, and acquisition of
Citizens’ Elec. S t. R y . stock.
E A R N I N G S .— For year ending Juno 30 1913, gross, $911,992; net,
$274 737’ int. & taxes, $89,380; surplus, $185,357. In 1912, gross,
$898|208; not, $286,019; Int. & taxes, $76,277; surplus, $210,642.
US) D IV I D E N D S .— Company paid 1 % each 6 m os. on pref. since July 1908
to and lncl. Jan. 1910. Since July 1910, I K semi-ann, to and Includ
J a n . 1 0 1 2 . In July 1912, 2 % . In 1013, Jan ., 2 % ; July, 2 % . In 1014,
J an ., 2 % .
HELENA, MONT.
THE HELENA LIGHT & RAILWAY CO.— 'Trolley, electric light and
power, gas light and fuel.
O R G A N IZ A T IO N .— Incorporated In Connecticut in Sept. 1905 as suc
cessor to the Helena Light A Traction Co. V . 81. p. 1043. Controls the
Helena Gas Light A Coke C o.; comprises the city’s entire street railways
and gas and electric-light plants.
F ra n c h is e s expire April 4 1926.
D e c is io n .— The M ontana Sup. Court in Feb. 1913 held that city could
not enforce an ordinance which required tho company to light Its tracks
within tho city limits without expense to the city— see V . 96. p . 1422.
STOCK A N D B O N D S—
D a le .
In te re s t.
O u ts ta n d in g .
M a t u r it y .
Common $ 9 0 0 ,0 0 0 ...................................
Q -F
$561,000 M »y ’ 13, 1 K
Preferred $600,000 5 % c u m . . ____
5 Q -F
374,000 F eb. *14, I K
First mortgage $ 1 ,5 0 0 ,0 0 0 / 1905
5 g M -S
1,000,000
Sept. 1 1925
gold ( $ 1 ,0 0 0 ) ____________ c * (I n t . at Knickerbocker Tr. C o ., N . Y . . Trust.
B o n d s .— The 1st M . bonds are subj . to call at 105 and int.; $405 ,00 0 are
reserved for extens. and Im pts., at 8 5 % of cost. A s in k . fd . of 1
per
ann. of bonds out commenced June 1 1908, which will be Increased to 2 y i%
per annum June 1 1918; said fund to be used In retirement of bonds at not
higher than 105 and Int. See V . 81, p. 1550. $95,000 have been retired
by sink. fd. to date.
, . .
D iv id e n d s .— Five per cent per annum in quarterly Installments is being
paid on pref. stock.
First dividend on com m on, 1 % . paid O ct. 31 1906.
In 1907. 3 % . In 1909, 3 % .
In 1910, 4 % . In 1911 and 1912, 5 % . In
1 9 1 3 , F e b .. 1 K % : M a y . 1 K % E A R N I N G S .— For 12 mos. end. D ec. 31 1912, gross, $333 ,77 3; net,
after taxes, $124,713, fixed charges, $48,085; sk. f d ., $15,613; su r., $61,015.
R O A D .— Operates 23.55 miles of track.
O F F IC E R S .— Pres., P . G . Gossler; V .-P s ., J. H . Pardee and A .C o p p eli;
Sec., H. S. Collette; T reas., R . B . M archant; A sst. Secs. & A sst. Treas’s,
T . W . M o ffat (all of New York) and A . B . Sibley, Helena. Operated under
the general management of J. G . White M g t . C c rp ., New York C ity .
— V . 8 8 , p . 1061; V . 91. p . 1095; V . 96, p. 1422.
HOLYOKE, MASS.
HOLYOKE STREET RAILW AY.— TroUey.
O R G A N I Z A T I O N .— Leases the M t. Tom (incline) R R . until June 1 1922
at 6 % per annum on the $100,000 stock. In 1907 purchased the H am p
shire Street R y . (previously leased). V . 85, p. 40. In Aug. 1907 purchased
the Amherst A Sunderland Street R y. (V . 85. p. 294), giving a through
connection from Holyoke to Amherst and Sunderland.
In June 1913 the M ass. R R . C om m , authorized the company to issue
$476,500 o f additional stock at $115 per sharo for new equipment and con
struction and to provide for floating debt. V . 9 6 , p . 652, 716, 1840.
ELECTRIC RAILWAYS
0 2
ST O C K —
D a te .
Interest.
O u ts ta n d in g . M a tu r ity . A c .
Stock ( 5 1 0 0 ) - . . ................................. .......
8 J-J
51.342,000 Ju ly'13, 4 %
Deb bds (5500, 5 1 ,0 0 0 ) c * .n t f
1895
5 A -O
250.000 April 1 1915
Deb bds (5500, $ l,0 0 0 ) c * _ n t f 1899
5 A -O
85,000 Oct. 1 1920
Debenture bds________________ n t f 1903
6 A -O
205.000 April 1 1923
Leased line rental Mt Tom RR\
stock 0 % . . ................................ ) _____
0
100,000 ____________
Interest on all bonds payable at Holyoke National Bank.
D iv id e n d s .— In 1892 to July 1913, Inclusive, 8 % yearly.
R O A D .— Has 69.7 miles of track, Including M t. Tom (Incline) R R ..
4,900 feet long, and connecting with the W oronoco Street R y . to Westfield.
Mass.; with Springfield S t. R y. to Springfield, M ass., and with Northamp
ton St. R y . to Northampton, M ass., and direct to Chicopee, Chicopee Falls
South H adley. Amherst and Sunderland. Passenger cars, 120; other ser
vice cars, 27; snow-plows, 10; other vehicles, 7; electrlo motors. 269.
E A R N IN G S .— For year end. June 30;
1913.
1912.
1913.
1912.
Gross earnings____ 5617,714 5578,206 Balance for divs. 588,061
581,895
N e t ........ ................... 183,614
176,530 Dividends p a id --(8 )8 5 ,8 8 8 (8)85,888
I n t., taxes, & c____
95,552
94,635 Bal. for year____ sur.2,173 def.3,993
• O F F IC E R S .— Pres., W m . S. Loomis; V .-P . A Gen. M gr., Louis D.
Peliisler; Sec. & T reas., S. D . N evin, all o f H olyoke.— V. 86, p. 52; V .
96, p. 652, 716; V . 96, p . 1840.
HOUGHTON, MICH.
HOUGHTON COUNTY TRACTION CO.— Trolley road.
O R G A N I Z A T I O N .— Organized In 1908 and took over Houghton County
Street R y ., which latter company was Incorporated In 1899. F ra n c h is e s
in public streets expire in 1929, 1930, 1932, 1933 and 1938. Largely on
private right of w ay. 5100,000 com . stk. owned by Pub. Serv. Invest. C o .
ST O C K A N D B O N D S —
D ate.
In te re s t. O u ts ta n d in g .
M a tu r ity .
C om m on. 5750,000 (5100)....................
A-O
5750,000 Oct ’ 1 3 , 2 )A
Pref., 6 % cum $500,000 ($10 > ) ------A -O
207.200 O c t ’ 1 3 ,3 %
1st consol mtge 51.600,000)
1908
5 g J-J
766,000 Jan
1 1937
(5500 and 51,000) g o l d .. t f /I n t . at Old Colony Trust C o., Boston, Trust.
Hough Co St R y mtge 5 7 5 0 .-j 1900
5 g J-J
349,000 July 1 1920
000 gold (5 1 ,0 0 0 )---------c * t f l l n t . at Boston Safe D ep. A Tr. C o., Trustee.
Stock a n d B o nds.— Pref. stock is redeemable at 110. 5349,000 consol,
mtge. bonds reserved for prior liens; 538,000 are In treas.; 5417,000 for futuro additions at 8 0 % of cost; they are subject to call as a wholo or in part
for sinking fund at 105 and Int. Sinking fund 1 }4 % of outstanding bonds.
530,000 have been canceled. The Houghton County Street R y. bonds can
bo called as a wholo or in part at 105 and int. V . 87, p. 614 i 5400 000
have been canceled.
D iv id e n d s .— On pref., 3 % s .-a . from Oct. 1908 to O ct. 1913, incl.
On
common, 2 % Oct. 1909.
In 1910, April, 2J^% and samo am ount s .-a .
since, to and Including O ct. 1913.
R E P O R T .— For 12 mos. ending Dec. 31 1913, gross, $296,853; net, after
taxes, $116,593; charges, $55,947; sink, fund, $11,645; divs., $49,932; bal.
(deficit), $931.
R O A D — Owns 32.2 miles of track, including lines from Houghton to
Hancock and from Hancock to Laurium, Red Jacket, Lake Linden and
Hubbell, and the mining locations of Quincy, Osceola, W olverine, Allouey,
Ahmeek and M ohawk; 41 cars. Standard gauge.
O F F IC E R S .— Pres., Frederick P . Itoyco, Boston; V .-P s ., G uy L . W ey
m outh, Boston, and James R. D ee, H oughton, M lch.;Secretary, Alvah
K Todd, Boston: Treas., Henry B . Sawyer, Boston; M g r., Gardner
Rogers, Houghton, M ich .; G en. M grs., Stone & Webster M g t. A ssn .,
Boston.— V . 87, p. 614; V . 88, p. 1499; V . 89, p. 666; V . 94, p. 1763.
HUDSON, N. Y.
[ V o l . XCVIII
O n M a y 1 1912 leased fo r 999 years th e In d ia n a p o lis C raw ford sville A
D a n v ille E le c . R y . (see term s u nd er la tte r c o m p a n y b e lo w ). V . 94, p. 1567.
F r a n c h is e s . - - In a letter to bankers In May 1910, President of the com
pany said: “ The great majority of the franchises under which the s v s t e m 1«
operated extend well beyond the life of these bonds [1st A ref mtee 1
The
fra n c h is e s In the city of Indianapolis expire In 1933 .”
'
Ke'J‘
ln e
ST O C K A N D B O N D S—
D a te .
In te re s t. O u ts ta n d in g
M a tu r itu
____
$ 9 lo o o o o
A l a , u n , UCommon. 5 1 2 ,5 0 0 ,0 0 0 i S 1 0 0 ) - .____
P r e fe r re d ,$ 1 2 ,5 0 0 ,0 0 0 (5 1 0 0 )...............
y -j
9 100 000 J a ^ T u I f i v
1st A ref mortEracre S8.nnn.nnm inm
s A -n
6 500 000 Apr 1 1945
gold (51,000) s f -----------C l i n t , at Fidelity Trust'C o”, Phlla
Trustee
I nid
d &
i™East
'
"
"
“
“
‘
"
~ iio r ?
Istcon sM , $1,000,-1 1902
5 g J-J
See
text Tillv
000, gold ($1,000), s f . . c * [in t. at Mercantile Trust C o * N Y
or i t
J Central Trust C o., Indianapolis T r u s t e e
Ind. A Green. 1st M ., $ 3 0 0 .-f 1899
5 g J-J
1 7 1 000 Jan
i relE
000 (51,000), gold...........c * (I n t. at Clt. Savings A Trust C o., Tr." Cleve
l or at First National Bank, New York City.’
S to c k .— Pref. stock Is 5 % cum. after July 1 1910. Should com at
time pay 6 % . pref. will pay the same. V . 90. p. 1555
ny
B o n d s .— Remaining 1st A ref. bonds are reserved for additions and im
provements under careful restrictions. Callable as a whole on and « f t ir
April 1 1915 at 105 and Int., or In part, for sinking fund onlv at 10 2 k
and int. on any Int. date. $178,000 held in sinking fund Sept, i 1 9 1 3
**
S. f. $55,000 p. a. ttrst 5 years and $106,675 p. a. thereafter- bonds
acquired for s. f. to be held alive and Int. added to s. f.
V . 90, p. 1 4 9 1
Of the 51,000,000 Ind. & East, consols au th ., $300,000 are reserved to
retire the Ind. & Greenfield 1st 5s, $41,000 have been canceled by sink, fund
Of the remaining $659,000 out, $564,000 are owned by Terre Haute Ind. &
East Trac. A s in k in g f u n d , 1 % of bonds out, began July 1 1908. Fund Is
to be Invested In the com pany’s bonds If they can be bought at not more
than 105 and Int. Bonds cannot be called. See V . 75, p. 342. On the
Ind. & Greenlleld bonds, $12,500 Is payable yearly to a sinking fund beglnnlng Oct. 1 1904, with which bonds beginning with N o. 1 are being pur
chased at 105 and accrued Int.; $129,000 have been so purchased.
D iv id e n d s .— Initial d lv ., I \ i % , on pref. paid O ct. 1910; same amount
quar. since to and lncl. Jan. 1914.
R E P O R T .— For e n tire system for calendar years:
.
1912.
1911.
1910.
Gross earnings.....................................................$6,432,060 $5,951,292 $ 5 , 8 4 0 ,3 8 5
3 ,339,805
Operating expenses and taxes---------------- 3,814,428 3,497,162
Sinking funds, subsidiary com panies____
Int. A sink. fd. on divls. bds. of tills Co . .
In t. on T . II. I. A E. T . bonds...............
Sinking fund o n T . II. I. A E . Tr. bonds.
$2,617,632 $2,454,130 $2,500,580
$1,532,673 $1,456,604 $1,451,091
145,730
136,417
128,547
27,500
27,500
27,500
5911,729
$325,000
55,000
$833,609
$299,136
55,917
$893 ,44 2
5275,000
4 9,500
B a la n c e .............................................. ............... $531,729
$478,550
$568 ,94 2
R O A D .— Operates a modern high-speed electric railway over lines
which comprise a continuous route from and Including the city of Paris In
Illinois through the city of Terre Haute and towns of Brazil, Greencastle
Amo, Clayton and Plainfield, to the city of Indianapolis, and thence through
the towns of Greenfield, Knlghtstown, New Castle and Cambridge City to
the city of Richmond In Indiana; also a line running south from Indianan
oils to Martinsville, Ind.; a line running west from Indianapolis to Danville
Ind.; a line running northwest from Indianapolis to Lafayette, with a
branch to Crawfordsville; a line running northwest from Indianapolis direct
to Crawfordsville and from Terre Haute a line north to Clinton, Ind., and a
line south to Sullivan, Ind. Also operates the city lines In Indianapolis,
Terre Haute and Richmond. Total miles In single track: city lines, Indi
anapolis, 132.87; Terre H aute. 26.39; and Richmond, 9.71; total. 168.97;
Interurban lines, total, 388,
Grand total, entire system , 556.97 miles.
O F F IC E R S .— Pres., R obt. I . Todd; V .-P s ., E . B . Peck and John J Appel: Sec. & Treas , Jos. A . M cG ow an.
D ire c to rs .— R obt. I. Todd, Randal M organ, W . Kelsey Schoepf, Harry
S. N ow , J. J. Appel, Jos. A . M cGow an and E . B . Peck.
V. 90, p. 1103,
1240, 1364, 1491, 1555: V . 91, p. 718; V . 92. p. 396, 1375; V. 94, p. 209,
1567; V . 95, p. 892; V . 96, p. 717.
ALBAN Y SOUTHERN R R . — Third rail, except In cities.
O R G A N IZ A T IO N .— Incorporated In New York Sept. 14 1909 and Is a
reorganization of the Albany A Hudson R R . Co. sold under foreclosure on
Sept. 8 1909 (per plan V . 89, p. 223). On Sept. 18 1909 merged Albany &
Greenbush Bridge Co. V . 89, p. 720. F ra n c h is e s are perpetual.
Does a
passenger, freight and express business.
STOCK A N D B O N D S—
D a te .
In te re s t. O u ts ta n d in g .
M a tu r ity .
(1) Indianapolis Traction & Terminal Co.
Common $1,375,000 (5100)........................... ..............
$1,375,000 ..................
In April 1910 control was acquired by the Terre Haute Ind ian apolis*
Pref $2,100,000 5 % n-c (5100) ____
F -A
2,029,000 A u g . 'l l ,U %
Eastern
Traction. V . 90, p. 1101, 1239.
First mortgage 5 1 .500,000) 1909
5 g M-S
1,302,000 Sept 1 1 9 3 9
gold (51,0 0 0 )_________ c * tfjB a n k e r s Trust C o., New York, Trustee.
S trik e .— Th e strike which began at midnight O ct. 31 1913 and was
attended
by much violence, was sottled on N o v . 7. See V. 97, p. 1426.
B o n d s .— $1,250,000 of bonds were sold to bankers, proceeds used In
acquiring A lbany A Greenbush Bridge Co. and for straightening
O R G A N IZ A T IO N .— Incorporated In Indiana on Aug. 4 1902 with
and double-tracking road, and to pay for apparatus theretofore Installed. $500,000 capital, which was Increased In Jan. 1903 to $5,000,000 to
Remaining bonds can be Issued for additions and betterments under certain lease the Indianapolis St. R y . and to provide terminal facilities for all
restrictions. Recording tax paid on these bonds, m a k in g them tax-e xem p t in
Interurban electric roads now entering or yet to enter Indianapolis. Fran
New Y o rk . Sinking fund of 1
of bonds authorized from 1917 to 1922 chise Is for 31 years, under the terms of which the company Is to pay the
1922 to 1929, 2 % ; 1929 to 1939, 3 % .
Bonds are subject to call as a city 4 cents per car for the first 11 years, 6 cents for the next 10 years and 9
whole at 106 and Interest on any Interest day. V . 89, p. 1140.
cents for the remaining 10 years. On Dec. 29 1902 leased for 31 years the
Indianapolis Street R y . V . 75, p. 1301.
D IV I D E N D S .— Initial seml-ann. div. on pref., 1 H % . paid Feb. 1 1911
Intererban railways enter the city under agreements by which they pay
A u g ., H % ; none since to Jan. 1914.
3 cents per passenger for all passengers carried In the city limits and an
E A R N IN G S .— For 12 months ending June 30 1913, gross, $497,266; net,
additional 1 cent for those using the terminal station. V . 81, p. 264.
$162,069; Int., taxes, & c., $97,039; surp., $65,030. In 1911-12, gross,
STOCK A N D B O N D S—
D a te . In te re s t. O u ts ta n d in g .
Last D m
5471,229; net, $114,051; int., taxes, A c., $92,362; surp., $21,689.
Stock, $5,000,000 - - - - - - - - - - _ - - --------$5,000 000
Dec '12 2 °/
R O A D .— Operated by third-rail system from Hudson via Rensselaer to 1st m ort., $5,000,000. goldl 1903
5 g A -O
5,0 0 0 ,0 0 0
J a n .'1 loan
Albany. Comprises 37 miles of main line and 9 miles of sidings, with 2
($1,000), s. f ...................... c ' j l n t . at Guaranty Tr. & S. D. C o., Phlla., Tr.
additional miles of overhead trolley road In Hudson. Total, 61 miles of
B o n d s .— A s in k in g fu n d provides for the payment annually of 1 1 - 5 % of
track. In Feb. 1900 made contract giving It privilege to enter Albany over
the tracks of the United Traction of Albany. Double-tracking of road be bonds outstanding. Including those in the sinking fund. Soo V . 76, p. 1085.
tween Rensselaer and KInderhook Lake completed In 1910. Operates 30 Bonds m ay be drawn for sinking fund at 102y*, and int. and are subj. to call
passenger cars, 14 freight and express cars, 2 snow-plows and 3 electric loco atthatp rico. See V . 81, p. 264. $602,000 held in sinking fund Sept, 1 1 9 1 3 .
m otives. Ralls 70 and 80-lb. steel; standard gauge. Supplies light and
D iv id e n d s .— First dividend on stock, 1 % , was paid Dec. 31 1908: In
power along route. Also owns the highway toll bridge over Hudson River 1909, 2 % ; In 1910, 2 % ; In 1 9 1 1 , 5 % : in 1912, July, 2 % ; D ec., 2 % .
at A lbany. A n extension from Albany to Pittsfield is proposed.
R O A D , AC .— Has completed 18.75 miles of single track and owns 9-story
O F F IC E R S .— Pres., R . A . C . Smith; Sec. A Treas., I . W . D ay; Gen. office and terminal building, train-sheds and 3 freight depots centrally
M g r ., James E . Howes.— V . 89, p. 720, 1140, 1222, 1346; V . 92. p. 183. located In Indianapolis; also real estate on which same are constructed
185; V . 94, p. 122. V , 97, p. 1500.
* This terminal Is used bv all Interurban roads (13 In number) entering Indi
anapolis. Owns electrical and steam equipment of 7,000 k. w. capacity.
Has 110 double-truck closed and 35 double-truck opeu city cars. Also
leases the Indianapolis Street R y.
INDIANAPOLIS, IND.
E A R N IN G S .— For calendar years:
BROAD R IP P L E TRACTION .— A trolley road.
Y e ar—
G ross.
N e t.
Charges.
S u rp lu s . D iv id e n d . Balance
O R G A N IZ A T IO N .— Organized as successor to the Indianapolis A Broad
1912 ........... 53,343,640 $1,465,477 $1,326,181 $139,296 $200 ,00 0d f$60 704
Ripple Rapid Transit Co. sold at foreclosure July 1899. The Indianapolis
1911 .......... 3,242,784
1,548,102 1,292,848 255,254 250,000
5’ 2 5 4
Street R y . owns about 7 5 % of stock, but organization separate. Road Is 1910 --------- 3,141,213
1,574,076 1,261,504 312,572
100,000 2I2|573
jointly operated by the Union Trac. Co. of Indiana.and the Indianapolis
O
F
F
IC
E
R
S
.—
Pres.,
R
obt.
I.
Todd:
V
.-P
.,
E
.
B.
Peck;
V
.-P
.,
John
J
Traction A Terminal Co.
Appel; Sec. & Treas., W . F. Mllholland.
V. 81, p. 264; V. 82, p. 6 2 7 :
STOC K A N D B O N D S—
D a te .
In te re s t. O u ts ta n d in g .
M a t u r it y .
V . 83, p. 1411; V . 87, p. 1664; V . 90, p. 1101, 1239; V. 94, p. 207; V. 97 '
___________
5100 000
Stock, $100,000 (par $ 1 0 0 ) ___ ______
p. 1426,
Mtg. g, $400,000 ($1,000)c * t f / 1899
5 g J-J
400’,000 July 1 1933
(a) Indianapolis Sfreef R y .— A trolley system.
lin t , at Guar. Tr. A S .D .C o (Phlla.), Trus.
B o n d s .— Are guar. p. A I. by Ind. S t. R y .
N o. s. f .. and bonds cannot
O R G A N IZ A T IO N .— Incorporated In Indiana March 7 1899. After
be called. The Ind. Nor. Trac. Co. (subsequently consolidated with the acquiring the Citizens’ Street R R . of Indianapolis and the City Railroad
Union Tr. Co. of Ind.) guarantees p. & I. of half ($200,000) of the bonds made a contract with the City of Indianapolis agreeing to surrender the
and half of the Int. on the remaining $200,000 bonds.
rights and franchises of both companies and accept a new franchise running
only thirty-four years. The contract also provides that cash fares are not
R O A D .— 7 H miles of track from Indianapolis to Broad Ripple Park.
to
exceed five cents, with free transfers, and tickets are to be sold at the rate
O F F IC E R S .— Pres., Robert I. Todd; Sec., Jos. A . McGowan; Treas.
of six for twenty-five cents and twenty-five for one dollar.
E . B . Peck.
V . 69, p. 180; V . 73, p. 137, 183; V . 78, p. 1167.
The company also binds Itself to pay over to the city (which Is to expend
It on the public works) the sum of $30,000 yearly from 1899 to 1925, and
$50,000 yearly from 1926 to 1932, Inclusive, the contract expiring In 1 9 3 3 TERRE HAUTE IN D IA N A PO LIS & EASTERN TRACTION.
gee V . 68, page 723. The city gets the right to purchaso the property "a t
O R G A N IZ A T IO N .— Incorporated In Indiana on March 23 1907 and any time within two years and not later than oue year before the expiration
Law
acquired by purchase (1) Indianapolis & Eastern R y .; (2) Indianapolis of this contract.” nothing to be paid for the valuo of tho franchise.
Coal Traction; (3) Indianapolis & Western Traction; and (4) Richmond sustained May 1902. V. 74, p. 936
Street A Interurban R y.
As to the thrce-cent fare case, which the U . S. Court of Appeals decided
In favor of the Citizens’ Co. In Pec. 1897, see Supplement of N ov. 1898, and
On March 25 1907 leased the Terre Haute Traction A Light Co. for 999
V. 64. p. 842, 1180; V. 65, p. 51. 181, 1172.
years (see terms under that company below), and In April 1907 leased for
Guarantees the ($400,000) bonds of Broad Ripple Traction C o., and owns
999 years the Indianapolis & Northwestern Traction and the Indianapolis A
75 % of Its stock.
Martinsville Rapid Transit (see terms under respective com panies).
In April 1910 purchased 46,717 of the 50,000 shares of the stock of the
Lease.— On Dec. 29 1902 was leased to the Indianapolis Traction A Ter
Indianapolis Trac. & Term. C o., giving Its own common and pref. stock minal Co. for 31 years. Sec V . 75, p. 1301.
Lease provides for dividend of
In exchange (V . 90, p. 1103, 1240); and since that time has acquired the 1 % Jan. 1 1003, then 3 % In semi-annual Installments for first year. 4 % for
remainder of this stock except directors' shares.
tecond year,
for third year and 6 % after July 1906.
'
J a n ., 1914.J
ELECTRIC RAILWAYS
63
B o n d s .— No sinking fund but bonds are subject to call after 10 years at
STOCK A N D B O N D S—
D ate.
In te re s t. O u ts ta n d in g . M a t u r i t y & c
105 and Interest. See V . 78, p. 1223.
Capital stock ($100) ...............................
J-J
*5.000,000 J a n .’ 1 4 .3 %
Indianapolis S t. R y . gcn.l 1890
4 g J-J
6 ,0 0 0 ,0 0 0 Jan. 1 1933
E A R N IN G S .— For cal. year, 1912, gross, $173,134; net, after taxes.
M.
*6.00 0 ,0 0 0 ,
gold 1Interest at Guar. Trust A Sale Deposit C o.,
* 62,341; other Inc., *500; bond ln t., *3 7 ,5 0 0 ; b al., * 25,341.
(*1 ,0 0 0 ), guar.................... c* J
Phlla., Trustee.
R
O A D .— Embraces 30 miles of track from Indianapolis to Martinsville,
6 g M -N
4 ,0 0 0 ,0 0 0 ’ M ay 1 1 9 3 3
Citizens’ S t. R y . 1st M .,1 1893
completed In M ay 1903. 70-lb. rails: standard gauge.
* 4 ,0 0 0 ,0 0 0 g . ( * l , 0 0 0 ) .c 't fjf
Central Trust C o., New Y ork, Trustee,
m in I'flrt.fflnnfpa
ionn
VT
-'M
1120,000
90 non S pa tPTt
1909
5K T
M
-N
See text.
Equip,
certificates Korioa
Series
O F F IC E R S .— Pres., R o b t.I. T o d d ; V .-P s ., Harry S. N ew , Chas. M u r
* 200,000 ( * 1 , 000 ) .................. Fidelity Tr. C o., Philadelphia, trustee.
dock and John J. Appel; Sec., E . B . Peck; T reas., Jos. A . M cG ow an.
5 J-J
75,000
See text. V . 84, p. 749.
Equip, certificates Series “ B "' 1911
*
..................................... ...
Fidelity Trust C o., Philadelphia, trustee.
(5) In d ia n a p o lis C r a w fo rd s v ille & D an ville E lec. R y .
95,000 See text
Equip, certificates Series “ O” 1913 5 M -S
Lease.— On M ay 1 1912 was leased to the Terre Haute Indianapolis &
* 100,000.................................. Fidelity Trust C o ., Philadelphia, trustee.
Eastern Trac. for 999 years. Under the lease the latter company guars,
Interest on Citizens’ consols at Fourtn Street N at. Bank. Philadelphia.
p. A 1. on 1st M . bonds, 5 % dlvs. on $200,000 pref. stock, and semi-annual
The mortgage of 1899 was for * 7 ,000,000, but * 1,000,000 has been can
dlvs. on com ., viz.: Vi % from N ov. 30 1912 to M ay 31 1914; 1 % N ov. 1914
celed. N o bonds reserved for the Citizens’ consols. The company binds
to May 1916; l V i % N ov. 1916 to M a y 1918 and 2 % thereafter.
Itself to pay to the Indiana Trust Co. a sum annually sufficient to redeem
O R G A N IZ A T IO N .— Incorp. In Indiana on A p r. 20 1912 as successor
at maturity the greater part of the entire Issue of Indianapolis Street R y .
to the Indianapolis Crawfordsv. & W est. Trac., sold at foreclos jre. Built
bonds: this provision Is guaranteed by the Indianapolis Traction A Terminal
entirely on private right-of-way. In cities and towns has 50-year fr a n
C o. See V . 76. p. 542; *475,000 held In sinking fund Sept. 1 1913. Equip,
chises which permit the carrying of freight, express and mall matter.
certificates Series “ A ” mature *10,000 on M a y 1 and N o v . 1 each year until
ST O C K A N D B O N D S .—
D a te .
In te re s t.
O u ts ta n d in g . M a t u r i t y .
paid in full. *80,000 have been retired. They cover purchase o f 54 now
M -N
*400,000
See text
cars.
V. 88, p . 1499. Series “ B ” mature *5,000 on Jan. 1 and July 1 in Common $400,000 ($100)......................
Pref *400,000 5 % cum ($ 1 0 0 1 ..........
J-D
200,000
See text
each year until paid in full. *20,000 have been retired. They cover pur
First m tge * 2 ,5 0 0 ,0 0 0 gold) 1912
5 g M -N
1,00 0 ,0 0 0 M ay 1 1952
chase of 25 new cars. Series " G ” mature *5,000 on M a r. 1 and Sept. 1 each
($1,000) guar p & 1-------c A r /I n t . at Girard Trust Co., Phlla., trustee.
year until paid in full. They cover 25 new cars.
Stock and bonds listed on Phila. Stock Exchange. V . 69, p . 851.
B o n d s .— Of remaining 1st m tge. bonds, $1,000,000 are for extensions
and * 500,000 to be Issued only under certain conditions. SubJ. to call as
R O A D .— Operates 116.69 miles of track, with 350 cars. 90-lb. rail.
a whole but not In part at 102 Vi and lnt. on any lnt. day. Sk. fd. of * 9 ,0 0 0
O F F IC E R S . —Pres., Henry Jameson; V .- P ., H . S. N ew ; V .- P ., n. Pper ann. on Initial *1,0 0 0 ,0 0 0 bonds out commencing Mch. 1 1913. W hen
H lbbon; Sec. & T reas., Jos. A . M cG ow an; Asst. Sec. & T reas., W . F.
add’l bonds are Issued fund shall be Increased by such am t. as will retire
M ilholland, Indianapolis.— V . 79, p . 151; V . 88, p . 1499
2-3 of such add’l bonds issued. *9,000 held alive in sinking fund.
(2) Terre Haute Traction & Light Co.
E A R N I N G S .— From M a y 1 to D ec. 31 1912, gross, $146,488; net, after
taxes, $53,679; other tnc., *291; bond in t., *33,333; sink, fd ., $ 6 ,0 0 0 ;
L e a s e d . — In March 1907 was leased to the Terre Haute Indianapolis A
surplus, $14,637.
Eastern Trac. Co. for 999 years. The latter company guarantees 6 % on
the outstanding pref. stock and 2 % on common for 1 Vi years, 3 % for
R O A D .— Operates 45.10 miles of road between Indianapolis and Craw
1 yeai, 4 % for 1 year, and 5 % thereafter, and *1,000 per year for organi
fordsville. Standard gauge. 70 and 85-lb . T rails. An extension from
zation expenses. V . 84, p. 750.
Crawfordsville to western boundary of Indiana east of City of Danville,
The Terre Haute Ind . & East. Trac. owns all the common stock except
Ind., Is proposed.
directors’ shares.
O F F IC E R S .— Pres., John J. Appel; V .- P ., Robert I. Todd; Sec. & Treas.
O R G A N IZ A T IO N .— Is a consolidation In 1904 of the Terre Haute Elec
Jos. A . M cG ow an; Gen. M g r ., R ob t. I . T o d d . V . 94, p . 1449, 1565, 1695.
trie Co. and the Terre Haute Electric Traction Co. Principal railway
f r a n c h i s e s expire 1952; principal lighting f r a n c h i s e _perpctual; other f r a n
I N D IA N A P O L IS & C I N C I N N A T lT R A C T I O N CO.
c h i s e s average 30 years from Jan. 1 1906.
Leases Terre Haute A Western
O R G A N IZ A T IO N .— Incorporated In Indiana on N ov. 17 1910 as succes
Railway Co.
sor to the old Indianapolis & Cincinnati Trac. C o., sold at foreclosure N ov. 10
O u ts ta n d in g .
M a t u r it y .
STOCK A N D B O N D S —
D a te.
In te r es t.
1910.
V . 91, p. 1385, 1025.
* 2 ,0 0 0 ,0 0 0
See text.
Common, *2,000,000 (*100) . _______
M-S
In 1911 acquired the Indianapolis A Southeastern Trac. Co. (all of whose
1,000,000 S e p t ’ 13, 3 %
Pref., $1,000,000 (*100) 6 % c u ------M-S
oom. and $30,000 1st M . bonds the o ld Indianapolis A Cincinnati Trac. Co.
3,17
First cons. mtge. *5,000,0001 1904
5 g M -N
. 0 ,0
. 0 0 May
. 1 1944
had owned and to which company the Ind. A Southeastern was leased) and
gold_____ ___________________ (Interest at State Street Trust C o., Boston.
canceled its com . stock. V . 92, p. 8 8 1 ,9 5 6 . Private right of way except in
Terre Haute Electric 1st m tg.l 1899
5 g J-J
1,500,000 July 1 1 9 2 9
cities and towns. County fra n c h is e s perpetual. F ra n c h is e s In cities and
*1,500,000 gold (*1,000) c * jI n t . at Boston Safe D ep .A Tr. C o., Boston.
towns are for 50 years (the oldest being dated 1904), except In Indianapolis,
which Is for 34 years from 1900. Has contract with Indianapolis Traction
B o n d s . — The Union Trust Co. of Indianapolis and the Boston Safe Deposit
& Terminal Co. for 31 years allowing Its cars to enter Indianapolis.
A Trust Co. are Joint trustees of the Terre Haute Electric mtge Of the
In N o v . 1912 the I . & O . Light & Power C o . was Incorporated with nomi
*5,000,000 consols, *1,500,000 are reserved to retire prior liens. The new
nal
($900) capital stock in the Interest of the traction co. to furnish light
bonds are callable as a whole at 110 and lnt. on any lnt. date. A s i n k i n g
and power to the communities along the com pany’s route.
f u n d of 1 % of outstanding bonds commenced May 1 1906.
$224,000 was
In Feb. 1913 the I. & C . Electric R R . was incorp. with *10,000 capital
held by this fund Sept. 1 1913.
The United States Trust Co. of Terre
stock to extend the traction co’s lines from Rushville to Cincinnati by way
Haute and the State Street Trust Co.of Boston are trustees of this mtge.
of Brookville, Ind ., and Harrison, O . It m ay later be merged with the
See V . 78. p. 2013.
Cincinnati Harrison & Indianapolis Trac. C o .
E A R N IN G S .— For calendar years:
In April 1913 acquired control o f the Cincinnati & Westwood R R ., a
Y ear—
G ross.
N et,
O th . I n c .
B a la n c e .
D educ.
S ln k .F d .
narrow-gauge road extending from W estw ood, on the boundary line of
*394,342
*261,030 $31,530
1912________ *1,311,772 *685,902 $1,000
Cincinnati, to Brighton, within the city, 5 1-3 miles, this being done in the
30,617
255,664
354,546
1911............... 1,224,582
639,827
1,000
belief that the plan of M ayor H unt of Cincinnati to permit the interurban
30,880
255,440
1910............... 1,221,307
614,757
1,000
329,437
to reach the heart of that city will go through. V . 96, p. 1297.
R O A D .— Embraces 100.25 miles of track In Terre Haute, Including lines
STO C K A N D B O N D S—
D a te.
In te re s t. O u ts ta n d in g .
M a t u r it y
from Terre Haute to W est Terre Haute, Clinton, Brazil, Sullivan, Ind..
Common $2,0 0 0 ,0 0 0 _________________
________
*2 ,0 0 0 ,0 0 0 ____________
and Paris, 111. Ralls, 60 to 80 lbs. 95 cars.
Pref *1,000,000 (see te x t)................
J-J
1,000,000 In 1 9 1 2 ,1 %
First mtge $4,850,000 ($1,-1 1910 5 J-J
1,400,000 July 1 1940
O F F I C E R S — Pres., (vacant,;; V .-P ., R obt. I. Todd; Sec. & Treas.,
Joseph A . M cG ow an; Asst. Sec. & Asst. Treas., E . J. D avis.— V . 84, p.
000) gold (sec te x t)-------c*j Interest at Central Trust C o., N . Y ., Trustee.
I & S E pf stk * 6 0 0 ,0 0 0 (* 1 0 0 ). . . . .
A -Q _ _
600.000 In 1911. 5%
750; V . 90, p . 1555.
Ind A S E 1st M *1,000,000
1905
5 g J-J
548,000 July 1 1935
(a) Terre Haute & Western R y. C o.— An electric road.
gold ($ 1 ,0 0 0 )______________ In t. at Farmers’ Loan A Tr. C o .,N .Y .,T r u s .
5 g J-J
452.000 Jan 1 1932
Ind Shelbyv A Southeast 1st 1902
Leased to Terre Haute Traction & Light Co. for 999 years from N o v . 1907.
M *500 000 g ($1,000) s f . . In t. at Am er. Tr. & Sav. B k ., Chicago, Trus.
O R G A N IZ A T IO N .— Incorporated In 1907 In Illinois.
Road extends
S lo c k .— Ind. A Cln.' Trac. pref. is entitled to non-cum . dlvs. of 2 % until
from the Indiana State line near Sandford. In d ., to Paris, 111., 11.6 miles.
July 1 1911, then Increasing 1 % yearly to July 1 1913; thereafter 5 % per
Began operation Oct. 25 1907
Is entirely on private right-of-way.
Entire
annum. Ind. & S. E . pref. Is redeemable at 105 and accrued dlv. on any
com. and pref. stock owned by Terre Haute Ind. & Eastern Trac. Co.
dividend date. See V . 81, p. 1375.
STOCK A N D B O N D S—
D a te.
In te r e s t.
O u ts ta n d in g .
M a tu r ity.
B o n d s .— Ind. & Cln. Trac. 1st M . Is divided Into 3 classes, A , B and C.
................
*200,000 ____
.
Stock common *2 0 0 ,0 0 0 ......................
Class A , $1,300,000, all out; Class B , $200,000, none issued, and Class O ,
Preferred * 1 5 0 ,0 0 0 ..........................................................
150,000 ...... ................
$3,350,000 (of which *100,000 outst’g ), reserved for extens., im provem ’ts,
First mortgage $250,000 gold) 1907
5 g M -N
250,000 N ov 1 1937
&c. Entire series o f bonds of each class Is subject to call on or after July 1
guar p & 1 (*1 ,0 0 0 )-------c*JInt. at New England Tr. Co., Boston, Trust.
19.13 at 105 and int. A s to priority of different series, see V . 92, p. 956.
B o n d s , — Are guar. p. & 1. by endorsement by Terre Haute Tr. A L t. Co
O f the *1,000,000 Ind. & S. E . bonds, $452,000 is reserved for prior liens.
E A R N I N G S .— For cal. year 1912, gross, *58,936; net. after taxes,
They are subject to call on any int. date at 105 and int. O f the Ind. Shelby.
*26,495; other income, *500; deductions, *12,500; surplus, * 1 4 ,4 9 5 . In
& S. E . bonds, the entire issue m ay be called on any lnt. date at 110. A
1911, gross, *55,006; net, after taxes, *25,547; other income, *500; deduc
s in k in g f u n d on these bonds of *10,000 per annum began Jan. 1 1908, for
tions, $12,500; balance, *13,547.
which bonds can be called at 105, beginning with lowest number. *48,000
have been retired.
.,
O F F IC E R S — Pres., T . F . Grover; V .-P ., F . T . O 'H air; Sec., E . J
D iv id e n d s .— On pref. paid in 1911, 1 % % ; in 1912, 1 % .
Davis; Treas., John E . Lam b.— V . 90, p. 1555.
E A R N I N G S .— For calendar year 1912, gross. $454,731; net, * 1 8 3 ,7 2 7 ;
(3) Indianapolis & Northwestern Traction Co.— An electric road.
other Income, $2,920; in t., taxes and divs. on I. & S. E . p ref., * 1 6 5 ,5 9 7
Lease.— In April 1907 was leased to the Terre Haute Indianapolis &
dlvs. on I . & C . T r . pref., *10,050; surplus, * 1 1 ,0 0 1 .
Eastern Traction for 999 years. The latter company will pay the Interest
R O A D .— Operates 58 miles of track from Indianapolis via Rushville to
on the bonds; also 1 H % qqar. or 5 % per annum on the * 450,000 pref
Conncrsvllle
and 49 miles of track from Indianapolis via Shelbyvllle to
stock and *500 per year for organization. V . 84, p 869.
Greensburg. Total 105 miles of track. A n extension from Greensburg to
Entire Issue of common stock, except directors’ shares, Is owned by the
Harrison, O ., is proposed. 60 and 70-lb. T rails. 20 passenger cars and
Terre Haute Indianapolis A Eastern Traction.
4 express cars.
O R G A N IZ A T IO N .— Organized In 1902 In Indiana. Operates a modern
O F F IC E R S .— Pres., Chas. L . H enry, Indianapolis; V .-P ., T . F. Rose,
high-speed Interurban railroad, standard-gauge, located upon private right
Muncle: Seo., John J. Appel, Indianapolis; Treas., John F . W ild , Indianap
of way outside of the city corporate limits. Extends northwesterly from
olis. Office, Indianapolis.— V . 91, p . 1025, 1385; V . 92, p . 322, 881, 9 5 6 ;
the city of Indianapolis through the cities of Lebanon and Frankfort to the
V . 96, p. 1297.
city of Lafayette, with a branch from Lebanon to Crawfordsville. each of
which cities Is the county seat of Its respective county. Has trackage
IRON WOOD, MIOH.
rights to the business centres of Indianapolis and Lafayette.
The franchises run for 31 to 50 years from 1907 and permit the carrying
IRONWOOD & BESSEMER RAILWAY & LIGHT CO
of freight, express and mall, as well as passengers.
O R G A N I Z A T I O N .— Incorporated In W isconsin. Is a consolidation of
STOCK A N D B O N D S—
D a te .
In te re s t. O u ts ta n d in g .
M a t u r it y
the Ashland Power C o. and the Gogebic & Iron Counties R y . & L t. C o.
Controls tho electric light, power and street railway business in Ashland,
'
Common, *2.550,000 ......................................................... *2,550,000 .
Ironwood, Bessemer, Hurley and Giles; the ga business in Ashland, and
Pref. ($1,000,000) 5 % cu m ...............
Q-J
450,000
See'VexV
1st m tge., *3,000,000, goldl 1903
5 g M-S
2,470,000 Mar. 1 1923
the water supply companies In Ironwood and Hurley. Also owns some of
( $ 1 ,0 0 0 ) ................................c*JInt. at Knickerbocker Tr. C o.. N . Y . , T ru st.
tho most valuable natural water powers in Wisconsin. F ranchises in Ironwood and Bessemer expire in 1941. In Wisconsin operates under Indeter
B o n d s .— The remaining *530,000 for Improvements. A c .,a t 5 0 % and 7 5 %
ol cost. No s. f .. but bonds can be called on any Int.date at 110 and int.
minate franchise.
Wisconsin R R . C om m , has auth. the Issue of $1,344,000 1st m tge. bonds,
E A R N I N G S .— For year ending Dee. 31 1012, gross, *441,461; net, after
of which $1,179,000 are outstanding.
taxes, $149,903; other inc., *500; bond in t., *123,500; surplus. *2 6 ,9 0 3 .
In
In Jan. 1913 Increased its auth. pref. stock from *200,000 to *400,000 .
1911, gross, *431,557; net, after taxes. $164,909: other inc., $500; bond lnt.
*123,500; bal., *41,909.
ST O C K A N D B O N D S .—
D a te.
In te re s t. O u ts ta n d in g .
M a t u r it y .
....................
Common $500,000 ($ 1 0 0 ).................................................
*500,000
R O A D .— Embraces 92.25 miles of track between Indianapolis. Zlous
Pref *400,000 ($100) 6 % cum .............
Q-M
171,000 See text
vllle, Lebanon, Frankfort and Lafayette, lncl. a branch from Lebanon to
First mtge $2,500,000 gold) 1911
5 F -A
1,218,000 Feb. 1 1936
Crawfordsville. Standard gauge; 70-Ib. T-rall. Operates 20 vestibule
sin k in g fu n d ^l.O O O J c'.cp t/In t. at American Trust C o., Boston, Trustee.
and 4 freight cars. Power house and car barn are at Lebanon, v . 88
Ash L t, P A St R y 1st rntgef 1909
5 g J-J
504,000 Jan
1939
p. 2 9 5 ; V . 92, p. 59.
*1,000,000
g
($1,000) H in t , at Chicago Sav. Bk. A Tr. C o., Trustee
O F F IC E R S .— Pres., R obt. I. Todd; V . P s., Chas. M urdock and Harry
c A r .c p t l
(Leverett Thompson of Chic., co-Trustee.)
S. N ew ; Sec. & Treas., Jos. A . M cG ow an.
B o n d s .— Remaining Ironwood A Bessemer 1st M . bonds m ay be Issued
(4)
Indianapolis & Martinsville Rapid Transit Co.
An electric road. tor 7 5 % of cost of new property under certain restrictions. They are sub
ject to call on any lnt. date after Feb. 1 1915 at 104 and int. for sinking fund.
Leased.— In April 1907 was leased to the Terre Haute Indianapolis A
S in k in g fu n d provides for retirement of 1 % of outstanding bonds beginning
East. Trao. for 999 years. The latter co. will pay the lnt. on the bonds; also
with year ending Feb. 1 1916. Ashland L t .. Pow. Sc St. R y. bonds are sub
*500 per year for organization
V. 84, p. 749. The Terre Haute Ind. A
ject to call on any int. day at 104 in and after 1914. Sinking fund o f 1 %
East, owns entire Issue of stock except directors’ shares.
of bonds out began In 1912.
D iv id e n d s .— 6 % per annum Is being paid on preferred.
O R G A N IZ A T IO N .— Incorporated In Indiana on April 24 1901. Operates
on private right of way except In Incorporated towns.
R O A D .— Operates 7 Vi miles of line In Ashland and also about 7 Vi miles
In Ironwood, Hurley and Glle; a local road in Bessemer and an interurban
STOCK A N D B O N D S—
D a te .
Inte re s t. O u ts ta n d in g .
M a t u r it y
line of about 7 miles between ironwood and Bessemer, which was completed
Stock. *750,000 ( $ 1 0 0 ) ......................
........ ...........
*750.000 ____
in July 1913.
1st m tge., *750,000 ($1,000) f 1902
5 g JJ
750,000 Jan. 1 1932
gold............................. c* A r.i Union Trust Co. and Security Tr. Co. of In
O F F IC E R S .— Pres., M . M . Reid, Ashland; Sec., Geo. F. M errill, Ash
l dlanapolls. Trust. Int. at Sec. Tr. C o., In 1 .
and; T reas., W . Louis W illiam s, Boston.— V . 93, p. 1260; V . 96, p. 63.
100,000
64
ELECTRIC RAILWAYS
ISHPEMING, MICH.
MARQUETTE COUNTY QAS & ELECTRIC CO.—A trolley road.
O R G A N IZ A T IO N .— Incorporated In Maine on N ov. 19 1906 as reor
ganization of the Marquette County Gas Light & Traction C o., sold under
foreclosure. V . 83, p . 1037. Does gas and eleotrlo light business In Negaunee and Ishpemlng.
F ra n ch ise s expire: Street railway, 1936; gas and eleotrlo In Ishpemlng.
perpetual: In Negaunee, gas. 1933; electric light, 1921.
$200,000 o f debs, formerly outstanding were all canceled and a now Issue
o f pref. stock was mado.
ST O C K A N D B O N D S—
D a te .
In te re s t. O u ts ta n d in g .
M a tu r ity .
Common $750,000 ( $ 10 0 ) ....................
................
$750,000 .......................
Pref 6 % cum $250,000 ($ 1 0 0 ).
.................... ..
125,000 .......................
First m tge $ 1 ,000,000 goldl 1910
6 J-J
361,000 Jan 1 1930
( $ 1 ,0 0 0 ) _________________ o ’ /I n t . at First T r. & Sav. B k ., Chic., Trustee.
B o n d s .— First m tge. bonds are reserved under certain restrictions for
Impr’ts and extens. at 8 5 % of cost thereof. Sinking fund of 1% of bonds
out from 1913 to 1915, lncl., from 1916 to 1929, Incl., 2 % yearly. R ed. at
105 and lnt. on any lnt. d a y. V . 91, p . 1767.
E A R N I N G S .— For calendar year 1912 , gross. $128 ,30 3: n e t.$44 .757:
charges, $31,2 4 1 ; surplus, $13,5 1 6 .
R O A D .— Operates 4 M miles of track In and between Negaunee and
Ishpemlng.
O F F IC E R S .— Pres., L. E . M yers: V .-P ., W . J. M cCorklndale; Gen.
M g r., A . O . Harrington, Ishpemlng; Sec. & T reas., W . II. I*. W eston, 1117
Monadnock B ld g ., Chicago.— V . 91, p. 1767; V . 94, p. 279, 351.
ITHACA, N. Y .
ITHACA STREET RAILW AY.
R eceivership.— On J a n .6 1 9 1 2 ,In an action brought by Knickerbocker T r.
C o . (now the Columbia-Knlckerbocker T r. C o.) under tho 1st consol, m tge.,
John W . Dwight and Roger B . W illiam s Jr., were appointed receivers for
the Ithaca St. lt y . V . 9 4 , p. 123. In t. duo July 1 1911 on consol, m tge.,
is In default. Coupons on all other issues have been paid to date. A
bondholders’ com m ittee has been formed with II. W . Fitz, Chairman,
Paw tucket, R . I. Tho N . Y . Auburn & Lansing R R ., an allied steam road,
is also in tho hands of tho same receivers. A plan of reorganization, drawn
up by tho com m ittee, dated O ct. 2 1913, provides that the successor com
pany, which would take over tho Auburn C o. after foreclosure sale, which
was set for D ec. 30 1913, but was postponed until Jan. 13 1914, shall lease
the successor of tho street railway co. and shall be auth. to issue new
securities as follows :
(1) $1,450,000 cum. pref. stock In exchange, S for $, for such of the $475 ,
000 consol. 5s o f the Ithaca St. U y. and the $975,000 1st M . bonds of tho
N . Y . Auburn & Lansing as shall assent to tho plan.
(2) $1,000,000 com.
besold. along with $1,000,000 new bonds. (3) $4,000,000 1st & ref.
bonds,
which $1,000,000 would besold forthwith (to take up receivers’
certificates, cover cast of reorganization, & c .); $310,000 would be reservedretire at maturity $275,000 underlying bonds of Ithaca St. R y. and $2,$690,000 would bo held for future extensions and additions. See V . 06, p.1022
V . 0 7 . p. 1115.
O R G A N IZ A T IO N .— Chartered N o v . 18 1884. In June 1908 acquired
the stocks of the Cayuga Lake Eleo. R y . and Ithaca & Cayuga Heights R y .,
which roads were formerly leased. In June 1907 the New York Railroad
Commissioners authorized a new mortgage for $750,000 as below.
F ra n c h is e s granted M ay 13 1908 are for 99 years and cover double-tracked
portion of road. Other parts of system private right of way or Jranchises
perpetual.
STOCK A N D B O N D S—
D a te .
In te re s t. O u ts ta n d in g .
M a t u r it y .
$325,000
1 9 0 8 ,4 %
Stock, $325,000 (par $ 1 0 0 ) . . . ....................................
Consol, mortgage, $750,000,1 1907
5 g J-J
475.000 July 1 1957
gold ------------------------ c ’ .c p t / I n t . at Knickerbocker Trust C o., N .Y ., Trus.
First mortgage, $175 ,00 0_____/ 1892
6J-J
175,000 July 1 1 9 2 2
1 Int. payable at Farmers L. & Tr. C o., N . Y .
Second mortgage, $ 7 5 ,0 0 0 .c p t 1894
6J-J
•75,000
July
Cayuga Lake ICl 1st M gu. .c p t 1894
6J-D
25,000 June 1 1922
B o n d s .— No more bonds of 1907 can be Issued except to retire prior Hens.
They are subject to call at 107. No sinking fund. They aro guar,, p. & 1.,
by N . Y . Auburn & Lansing R R .
R O A D .— Owns and operates 8.29 miles of track. Rails 80-lb. V . 94, p.
123; V . 95, p. 1207; V . 96. p. 1021; V . 97, p. 9 50. 1115.
stock
to of
6%
to
JACKSON, MISS.
• JACKSON LIGHT AND TRACTION CO.
■ Controlled by American Public Utilities Co.
’ O R G A N IZ A T IO N .— Incorp. In Miss. In M ay 1912 to combine local gas,
electric light and power and street railway properties. Has contract for
city electrlo lighting running to April 1023. F ra n c h is e s extend beyond
April 1 1922.
ST O C K A N D B O N D S—
D a te .
In te re s t.
O u ts ta n d in g .
M a tu r ity
Common $1,000,000 ($100)__________
________
$1,000,000
Pref. 6 % cum . $ 600 ,00 0_____ ______
________
520,000
First mtge $2,500,000 goldl 1012
5 A -O
947,800 Apr 1 l522
($100, $500 ,$ l,0 0 0 )s f .c * t f JChic. Savings Bank & Tr. Co., Trustee
B o n d s .— Remaining $1,606,000 bonds are fo rlm p ts., add’ns and extens.
under certain restrictions. SubJ. to call on any lnt. date on or after
April 1 1914 at 105 and lnt. Sk. fd. of 2 % of bonds out begins Feb. 1 1914.
In t. In Chic, and at N . Y . office of P. W . Brooks & Co. See V . 94, p. 1566.
E A R N I N G S .— For 12 m os. end. N o v . 30 1913, gross, $292,859; net,
$91,958 .
R O A D .— Owns 14 miles of track. Standard gauge.
18 pass. cars.
— V. 94, p. 1566.
JACKSON, TENN.
JACKSON RAILWAY & LIGHT CO.
O R G A N IZ A T IO N .— Incorporated In Tennessee In July 1906, and Is suc
cessor to the Jackson & Suburban Street Railroad Co. F ra n c h is e expires
In 1937. Also owns a park of 15 acres. Does lighting and power business
In addition to street railway.
STOC K A N D B O N D S —
D a te.
In te re s t.
O u ts ta n d in g .
M a tu r ity .
Stock $600,000 ($100)________ ______
______
$ 548 ,9 0 o ' ...............
'
1st mtge $600,000 ($1,000)) 1906
5 g J-J
494,000 Jan 1 1937
l Mn
f.
IN
U fi L
I1LUL1
l fD
l nU
lIU
nH
mIL
hJ
lIcV
f l T1r I
i iU
Qo
tw
; P
n ■• T
n n lovliln
III I v*J nv/|
vU
l^lJIlISVIllO*
R o H p p III
m nf
lUHtCG,
T1v i i c i f n a
S tock a n d B o n d s.— $51,100 stock and $6,000 bonds are held In treasury.
E A R N I N G S .— For calendar year 1913, gross, $109,578; net, $52,482;
fixed charges, $24,882; surplus, $27,600.
R O A D .— Operates 6.2 miles of track. 60-lb. rail.
O F F IC E R S .— Pres., Harry Welsslnger; V .-P . and Gen. M gr., S. S. Bush;
Seo. and Treas., Geo. W . Lewis, all of Louisville, K y .— V . 83, p. 95.
JACKSONVILLE, FLA.
JACKSONVILLE TRACTION C O — Trolley.
O R G A N IZ A T IO N .— Is a re-Incorporatlon in M ass. In M ch. 1911 (V . 92,
p . 881) of the Jacksonville Elec. C o., which was a consolidation of the Jack
sonville S t. R y . C o., the Main S t. R R . Co. and the Jacksonville Eleo. L t. Co.
Stock of old company was exchanged, share for share, for stock of new com
pany. Railway fra n c h is e expires in 1932. Does entire electric railway bus
iness in Jacksonville. $350,000 com . stock Is held by Pub. Serv. Invest. Co.
• ST O C K A N D B ON DS—
D a te .
In te re s t. O u ts ta n d in g .
M a tu r ity .
Common $1,000,000 ($100)__________
Q -F
$900,000 Feb ’ 1 4 , 1 «
Pref 6 % cum $500,000 ( $ 1 0 0 ) . ____
6 Q -F
500,000 Feb * 1 4 , 1 H
First cons m tge $5,000,000) 1911
5 M -S
755,000 Mch 1 1931
($500 and $ 1 ,0 0 0 )-------o’ t f /I n t . at State Street Trust C o., Boston, Trus.
Jacksonv Eleo 1st M $1,250,-1 1902
5 g M -N
1,245,000 May 1 1927
000 gold ($ 1 , 0 0 0 ) _ .o * _ n t f f I n t . at American Trust C o.. Boston, Trustee.
2-yr gold notes, $500,000, g] 1913
6 J-D
500,000 Juno 1 1915
($500 & $1,0 0 0 ), red at 100lin t , at State Street T r . C o ., Boston, Trustee,
and Interest___________c * t f j
S to ck .— Of the stock reported outstanding above, $100,000 com. is
held In treasury.
B o nds.— O f the 1st consol, bonds, $1,245,000 aro reserved to retire Jack
sonville Elec. 1st M ., $5,000 aro in treasury and $3,000,000 aro for addi
[V o l . XCVIII
tions and im pts. at 8 0 % of cost. Subj. to call as a whole or in part for s in k ,
fu n d at 105 and Int. S in k , ''u n d , 1 % per annum of bonds out, begins M ar. 1
1917. V . 92, p. 1564. Jacksonv. Elec. C o. bonds are subj. to call as a
whole at 105 and int. on any int. date. A s in k , f u n d of 1 % annually ef
bonds out commenced M a y 1 1907, which may be used for exten. and impts.
or in purchase of bonds. $5,000 bonds have been canceled.
D iv id e n d s .— On old Elec. C o com . 6 % annually from A u g. 1 1905 to
Aug. 1 1910, when rate was increased to 7 % and same amount paid to Feb.
1911.
On new 7'rac. C o . com . initial d lv.— 1 5 4 % — paid in M a y 1911; same
rate quarterly since to and incl. F o b . 1914.
E A R N I N G S .— For 12 m os. ending Dec. 31 1913, gross, $679,622; not,
after taxes, $241 ,03 2; charges, $131,267; im pt. fund, $12,450; pref. divs.,
$30,000; common stock, $56,000; surplus, $11,316.
R O A D .— Operates 51.24 miles o f track. H a s 08 cars. Gauge 5 ft.
O F F IC E R S .— Pres., G eo. J. Baldwin, Savannah, G a .; V .-P s ., C has. F .
W allace, G uy L . W eym outh and Harry I I . Hunt; Treas., Henry B . Sawyer;
Sec., Alvah K . Todd: M g r ., H ardy Croom . Jacksonville, Fla.: G en. M g rs.,
Stone & W ebster M g t . A ss n ., Boston.— -V. 92, p . 881, 1564; V . 97, p . 117.
JAMESTOWN, N. Y.
JA M E S T O W N S T R E E T R A I L W A Y .— T ro lle y .
O R G A N I Z A T I O N .— Incorporated Oct. 18 1883. Franchise runs till 1982.
S trik e .— On M a y 1 1913 the employees of this company and tho Chau
tauqua Traction C o. went on strike because of com pany’s refusal to grant
an increase in wages and other minor reasons; Juno 30 striko was declared
off, tho mon returning to work on tho terms offered by tho company at the
beginning.
STO C K A N D B O N D S —
D a te.
In te r e s t.
O u ts ta n d in g .
M a tu r ity.
Stock, $250,000 (par $50)............................................
$250,000 .......................
1st mortgage $300,000 gold) 1893
6 g J-J
300,000 Jan 2 192*
( $ 1 ,0 0 0 ) _________________ c * j l n t . at Guaranty Trust C o., N . Y . , Trustee.
C urrent liabilities Ju n e 30 1 9 1 3 ____
________
1,058,987 ------------------E A R N I N G S .— -For year ending Juno 30 1913, gross, $239 ,07 0; net
$18,877; other Income, $13,052; charges, $99,816 ; deficit, $ 67,887 .
R O A D .— Owns 26.545 miles of track, 55 cars. 2 sweepers.
O F F IC E R S .— Pres., A . N . Broadhcad; Sec. and Treas., S. B . Broad
head: Gen. M gr., G. E . M altby, all of Jamestown.
C H A U T A U Q U A T R A C T IO N C O .— A tro lle y r o a d .
O R G A N IZ A T IO N .— Incorporated In New York on March 7 1903.
controlled by the same Interests as the Jamestown Street Rjr.
S trik e .— See remarks under Jamestown Street Railway.
ST O C K A N D B O N D S—
D a te.
In te r e s t.
O u ts ta n d in g .
M a tu r ity.
Stock, $500,000 ($100)_______ ______
________
$500,000 ................. __
1st mortgage, $600 ,00 0, goldl 1904
5 g A-O
159,000 Apr. 1 1934
( $ 1 .0 0 0 ) -----------------------------c /I n t . at Title Guar, & Tr. C o., N . Y . . Trustee.
C urrent liab ilities Ju n e 30 1 9 1 3 ____
________
568,733 ____________
B o n d s . — $100,000 are reserved for extensions, &c.
No sinking fund and
are not sublect to call.
E A R N I N G S .— For year ending June 30 1913, gross, $178 ,34 1; n o t!
$69,923; other Incomo, $3,132; charges, $99,270; deficit, $26,215 .
R O A D .— Operates 26.73 miles of track from Lak wood, where connec
tion Is made with the Jamestown St. R y .. to M ayvllle, there connecting
with the Pennsylvania R R ., and to Westfield. N. Y..conn ecting there with
the Lake Shore & Mich. So. and the N . Y . Chicago & St. Louis R y ., and
from Westfield to Barcelona-on-lake Erie. Standard gauge; 80-lb. T rail.
O F F IC E R S .— Pres., A . N Broadhead; V .-P ., W m . Broadhead; Treas.
S. B. Broadhead; Sec., W . R . Reynolds; M gr., Geo. E . M altby; Supt,
Austin A . H arvey.
JERSEY CITY, N. J.
PUBLIC SERVICE CORPORATION.
See
statement and maps under “ Newark. N . J .”
1 1922
JOHNSTOWN, PA.
J O H N S T O W N T R A C T IO N C O .— A trolley road.
O R G A N I Z A T I O N .— Incorp. in Pennsylvania on Feb. 24 1910, W a s
incorporated originally to take a lease for 18 years from Jan. 5 1910 of the
Johnstown Pass. R y . from tho Atner. ltys. (P h ila.).
In Jan. 1914 tho
Johnstown Pass. R y. and tho Johnstown Trac. C o. were merged under tho
title of tho Johnstown Traction C o ., the A m cr. K y . C o. having sold its
interests. F ranchises perpetual.
. ,
Holders of the Johnstown collateral 5s of Am or. R ys. had tho privilege
(until Jan. 15 1914) of exchanging their bonds for tho now 1st & rof. 5s of
this company (see American Railways under “ Philadelphia ) .
A la t u r ily .
STOCK A N D BONDS—
D a te .
In te re s t. O u ts ta n d in g .
Com m on, $1,000 ,0 0 0 , par $ 5 0 ____
________
$875,000
P f, $1,000,000 7 % cu m ($100)_______
________
1,000,000
--------1st & ref M , $ 5 ,000,000, s fl 1913
5 g J-J
2 , 0 0 0 ,0 0 0 July 1 1943
($500, $1,000) gold- _c *n tf)L o g a n Trust C o ., Philadelphia, Trusteo.
Joh n sP assR y con M ,$800,0001 1899
4 g J-D
399,000 D ec 1 1929
g ($ 1 .0 0 0 )r e d a n y ln td a y c * tffln t. at Guaranty T r . C o ., N . Y . , Trustee.
Johns Pass R y ref M , $2,000,-1 1901
4 g J-D
1 , 6 0 1 ,0 0 0 Dec 1 1931
000 gold ($1,000) c * __n t f /I n t . at Johnstown Trust C o ., Trustee.
B o n d s.— O f tho 1st & ref. mtge. $2,000,000 aro reserved to retiro Johns
town Pass. R y . 4s; tho remainder ($1,000,000) reserved tor future exten
sions, Sec. Red. at 102 and int. S in k in g f u n d of 1 % annually from Oct.
1917 to O ct. 1942, incl. O f the Johnstown Pass. m tge. of 1901, entire issue
m ay be called at any timo at 105 upon six weeks’ notice.
E A R N I N G S .— For calendar year 1913 (D ec. e s t.), gross, $671,553; net,
after taxes, $322,049; bond ln t., $180,000; surplus, $142 ,04 9. In 1912,
gross, $605,210; net, after taxes, $291,998; bond in t., $180,000; surplus,
$111 ,99 8.
R O A D , & C .— Owns and operates under perpetual charter and franchises
tho entiro streot railway system of Johnstown, P a ., and vicinity. Total
trackage, 43 miles.
O F F IC E R S .— Pres., E . M . duPont.— V . 9 0 , p. 698, 849: V . 92, p. 187;
V . 97, p . 1823; V . 9 8 , p . 155.
JOLIET, ILL.
JOLIET & SOUTHERN TRACTION CO.
R e ce ive rsh ip .— On Feb. 4 1911 Judge Carnes in K ane County Court, on
application of creditors, appointed H . A . Fisher (Pres, of co.) and Daniel
Peterkln receivers. V . 92, p. 395. A bondholders’ committee has been
formed. V . 92, p. 1636. No bond Interest has been paid since receivership.
On N ov. 23 1911 Cont. & Comm. Tr. & Sav. B k., as trusteo, began fore
closure proceedings in Kane County Circuit Court. V . 93, p. 1191, 1532.
Tho property Is to bo sold under foreclosure of both mortgages on Feb. 11
1914.
(Seo V . 98, p. 155.)
It is expected after the sale that each division,
namely tho Joliet & Southern Traction C o. and tho Joliot Plainfield &
Aurora R R ., will bo operated as a separate railroad.
STOCK A N D B O N D S—
D a te .
In te re s t. O u ts ta n d in g .
M a tu r ity .
Stock, $1,500,000 ($ 1 0 0 ) .............................................
$1,500,000 .......................
1st m tge, $1,500,000, goldl 1907
5 g F -A
1,211,400
See text.
($100, $500 and 31,000) .c * /l n t . at Cont. <So Com. Tr. & S . B k.,C hlo.,Trus
Jol P & A R R $400,000, gold) 1903
5 g F -A
397,000 Aug 1 1938
($1,000) _____________ o * & r/In t. at Cont. & Com. Tr. & S a v .B k .,C li., Tr.
B O N D S .— First m tge. bonds mature serially ending 1942. They aro
subject to call at 105 and lnt. on any Int. day after 1912. $400,000 aro re
served to retire the Joliet Plainfield & Aurora R R . bonds. Tho latter are
subject to call on any Int. date after 10 years at 105 and lnt.; a sink, fund of
2 % of gross earns, began A u g. 1 1909, but at least $3,000 yearly 1909 to
1929; thereafter $4,000 yearly; $3,000 have been retired.
E A R N IN G S .— For calendar year 1911, gross, $108,938; net, $35,284.
R O A D .— Operates 45 miles of track between Joliet and Aurora and Joliet
and Chicago Heights and 2 miles of track in Joliet. It was proposed to ex
tend road from Chicago Heights to Hammond, 14 miles. Forms a connect
ing link between Chicago & Joliet Elec, and Aurora Elgin Sc Chic. R R .
Has
Independent entrance and terminal at Joliot, and with a sub-station o f its
own is getting its power from the Economy C o . Has a long-timo contract
for use of terminals at Aurora. 60-lb. T rail; standard gauge.— V . 92,
p . 395, 1636; V . 93, p. 1191, 1 532; V . 97, p. 803; V . 98, p. 155.
J a n ., 1914.]
ELECTRIC RAILWAYS
B L O O M IN G T O N P O N T IA C & J O L IE T E L E C . R Y .— A trolley road,
in 1913 tho Public Service C orp. of Northern Illinois acquired control
o f the road.
D e fa u lt.— Interest on 1st mtge. bonds has never been paid.
O R G A N IZ A T IO N .— Incorporated In 1903. Private right of way except
In cities, where fra n ch ise s run 50 years.
STOC K A N D B O N D S —
D a te .
In te re s t. O u ts ta n d in g .
M a t u r it y
Stock, $2,500,000 ($ 10 0 ) ...............
..
$300,000
_
l8t m ortgage,
$2,500,000.1 1005
5 g M-S
300,000 .Sept 1 1935
g ($100, $500 and $ 1 ,0 0 0 ). J ln t. at Am er. Tr. & Sav. B k .. Chic.. Trustee.
B O N D S .— Sub. to call at 105 & int. any lnt. date. No s. f. V . 90, p. 235.
R O A D .— Has under construction a line to connect the points named In
the title, of which 20 miles, between Pontiac and Dwight, Is In operation.
10 more miles from Pontiac to Chenoa Is about 4 5 % completed.
O F F IC E R S .— Pres., Frank J. Baker; V .- P ., C has. A . M unroe; Sec.T reas., John II. Gulick.— V . 85, p . 1004; V . 90, p. 235; V . 9 6 , p. 651.
KANSAS CITY, MO.
KANSAS CITY RAILW AY & LIGHT CO.
65
are redeemable on eight weeks’ notice on any lnt. date at 100 and ac
crued Interest. They are secured by pledge of $ 5 ,721,043 notes of
Metropol. S t. R y ., $1,008,795 notes of K an. City Elec. Light Co. and $2,
695,000 com. and $2,977,900 pref. stock of the K an. City R y. & Lt. C o., and
such securities of subsidiary companies as are pledged under the Indenture
of May 15 1903, securing the 1st lien ref. gold bonds. The series “ A ” notes
are convertible at option of holder Into 6 )4 shares of com. and 7 shares of
pref. stock. V . 85, p. 284; V . 85, p. 469; V . 86. p. 285. $22,000 of Ser.
” A ” notes are In treasury.
Metropol. consol, m tge., originally for $8,500,000, fell due M ay 1 1910 but
was extended for 3 years to M ay 1 1913 and new bonds offered In exch. for
old bonds. See V . 90, p. 1045. M tge. Is closed and limited to $7,5 0 0 ,0 0 0 .
Remaining bonds are reserved to retire Corrigan Con. S t. R y . bonds.
V . 90, p . 1044, 1363. N ot subject to call.
.
Tho bonds of the K . C. & W estport R y . are guar. prin. and Int. b y the
Kansas City R y . & Light C o., and are subject to call on any Interest date
at 105 and Int. on 90 days' notice.
The East Side Elec. R y . m tge. originally fell due on July 1 1911, but was
extended Indefinitely.
The C ent. Elec. R y . m tge. bonds fell due M a y 1 1913, but were extended
for one year to M a y 1 1914.
K a n s a s C ity E levated R y . 1st M . preference 6s are guaranteed, principal
and Interest, by endorsement by the Metropolitan Street R y .; so are the
2d M. general 4s. The guaranty on the latter was 3 % per annum until
iuly 1895 and since then 4 % . For form of guaranty, sec V . 7 3 , p. 1160.
D iv id e n d s .— First d iv., 1 H % on pref. stock, was paid on June 1 1904
and I H % quar. since then, to and Incl. M c h .l 1911.
None since to Jan.
1914.
See V . 92. p. 1375, 1436.
R E P O R T .— For years ending M ay 31. Passengers carried for revenue
In 1911-12, 119,734,910; transfers, 48,6 1 1 ,5 4 0 . Report for 1910-11 In
V. 93, p. 1458.
1911-12.
1910-11.
1909-10.
Gross earnings............................................. .$ 8 ,3 5 0 ,6 2 3
$ 7 ,727,680 $7,161,042
Operating expenses.................... .................. 4,774,262
4 ,450,534
4,153,250
O R G A N IZ A T IO N .— Incorporated In 1903 In New Jersey and ac
quired the entire outstanding capital stock of the Metropolitan Street R ail
way of Kansas City and the Kansas City Electric Light Co.
(Plan In V.
76. p. 1143.) Through Metropolitan Street Railway stock, the Kansas City
Railway & Light Co. acquired the stock of the Central Electric Railway
Co. and practically all of the stock of the Kansas City Elevated Railway
C o ., and, through the stock of the Kansas City Electric Light C o., It ac
quired the stock of the Edison Electric Light & Power Co. (of Kansas
C ity), the Consolidated Electric Light & Power C o., the Standard Electric
Light Co. and the Kansas City Electrical W ire Subway Company— except,
of course. In each Instance the qualification shares held by directors.
Controls all the street railway, electric-lighting and power business In cities
of Kansas City, M o., and Kansas City, K an.
Owns entire stock of the Kansas City & Westport Belt R y . (a steam
Net earnings_______________
.5 3 ,5 7 6 ,3 6 1
$3,277,146
$3,007,793
road, since converted to electricity). which on June 16 1906 absorbed the Miscellaneous Income_________
.
53,026
45,491
17,399
Interurban South Side R y ., both having perpetual charters and being or
ganized under the General Railroad Law of Missouri; aiso acquired capital
$3,322,637 $3,025,191
Total net earnings__________
.$ 3 ,6 2 9 ,3 8 7
stock of the Kansas City Heating C o., having a franchise which expires In Fixed and other charges____
. 2,384,124
2,398,890
2,157,962
1935. This last distributes steam In the business centre of the city.
Street R a ilw a y F ra n c h is e s .— The franchises of the railway lines In Kansas
S u r p lu s ____________ _______
$923,747
$867,229
.$ 1 ,2 4 5 ,2 6 3
City, M o.. In which city the greater part of system Is located, were revised
Dividends on preferred stock
(3 Ji)352,781 (5)470,375
and confirmed in July 1902 and franchises granted for extensions and valu
able trackage rights In newly populated portions of the shopping and
Balance
$1,245,263
$570,966
$396,854
delivery districts, all of which franchises are operative to the uniform date
R O A D .— Comprises 138.64 miles of road and 265.9 miles of track. Llghtof June 1 1925. The railway franchises In Kansas City, K a n ., In Dec. 1902
pg (M ay 31 1912) equivalent to 1,303,626 16-candle-power ^Incandescent
woro renewed, and authority was given to build extensions, all for the a
u p s.
. .
.
.
maximum period for which the city had power to grant the same, namely
O F F IC E R S .— Pres., John M . Egan: V .- P .."F rank Hagerman; Sec. and
to Dec. 19 1922. By the terms of the franchises the rate of fare Is definitely
fixed at 5 cents, transfer privileges arc provided, and the taxes practically Treas., J. A . Harder; C om p ., R . J. Clark.— V . 93, p. 1386, 1458, 1532,
1668; V . 05, p. 176, 236, 297, 361, 420, 618, 680, 752, 1207, 1684; V . 96.
limited to 8 % of the annual gross receipts.
As to the valuations of the Metropolitan Street R y . property made by p. 5 53, 653, 789, 1021, 1297, 1423; V . 97, p. 4 9 , 175, 4 43, 594; V . 98, p. 236.
tho company and the city In connection with tho ncgotaltions for a new
franchise, see V . 96, p . 553.
K A N SA S C IT Y C L A Y C O U N T Y & S T . JO SEPH R A IL W A Y C O .
E le c tric L ig h t F ra n c h is e .— The franchise of the Kansas City Electric Light
O R G A N I Z A T I O N .— Tncorp. In Missouri M ar. 22 1911. In Jan. 1913
Co. Is perpetual.
tho line from Kansas C ity to Excelsior Springs, M o ., was opened, and on
R e ce ive rsh ip .— On June 3 1911 Federal Judge W . C. Hook appointed M a y 5 1913 opened for operation its lino between Kansas C ity and St.
R obt. J . Dunham (Ch. of K . C. R y . & L t. board of directors) of Chic, and Joseph, 5 2 % miles. V . 06, p. 1423.
Ford F . Harvey of Kansas City receivers for tho Metropolitan S t. R y .
STOCK A N D BON DS—
D a le .
In te re s t. O u ts ta n d in g .
M a t u r it y .
Central Elec. R y . and Kansas City Elev. R y . (V . 92, p. 1564)
It Is stated S tk ., co m ., 5 1 0 ,0 0 0 ,0 0 0 (5 1 0 0 ) .................... ............
$4,000,000 ____________
that receivers were appointed at the Instance of bankers to conserve the 1st m tgo., $10,000 ,000 ($1,-1 1011
5 g M -S
3 ,000,000 Sept 1 1941
property until satisfactory franchise relations with the city can be effected.
000 gold, s. f ., red. at J 0 5 (Equitable T r. C o ., N . Y . , and J. F . D ow nNo defaults have occurred. V . 93, p. 1191. See formal statement by
after Sept. 1 1915_______ c * [
ing, K an . C y ., Trus. In t. payable N . Y .
R . J. Dunham and bankers circular In V . 92, p. 1565. Protective com
B o nds.— S in k in g f u n d of 1 % per annum of bonds certified beginning
mittees have been formed calling for deposits of Kansas C ity and M etro Sept. 1 1917.
politan bonds. V . 02, p. 1565. On Juno 14 1912 suit was brought to
E A R N I N G S .— For 7 m os. ending N o v . 30 1013, gross, $377,402; n e t,
foreclose the M e t. St. R y. consolidated mortgage. V . 94, p. 1627; V . 05,
p. 1207. Payment of tho matured Kansas C ity and Metropolitan bonds $198,483; taxes, $12,000; int. & rentals, $91,568; surplus, $94,916.
can only be made through a re-financing, to which the presont franchise
R O A D .— Operates 77.61 miles between Kansas C ity and St. Joseph,
(expiring In 1925) Is unfavorable. Negotiations are being carried on with M o ., and Kansas C ity and Excelsior Springs, M o .
70 and 80-lb. T rail;
tho city officials, and it is hoped that in the near futuro a franchise which standard gauge. Passenger equipment, 16 cars and 1 work car.
will mako re financing possible will bo granted. On Juno 24 1913 Judge
O F F IC E R S .— Pres., Philip L . Saltonstali, Boston, M a ss.; V .- P ., Thos.
Hook of the U . S. District Court Instructor! tho receivers of tho Metropolitan A . Reynolds, N . Y . ; Sec., J. D . H ook; T reas., II. F . M ayer; Gen. M g r .,
S t. R y. to resume negotiations with tho city on tho basis of tho offer
of M ayor Jost. .See V . 97, p. 49 and 443. Interest duo M a y 1 1913 on J. R . Harrigan, Kansas C ity , M o .— V . 96, p. 1423; V . 07, p. 1286.
M o t. St. R y . cons. bonds was paid. V . 96, p. 1297. In t. duo M a y 15 1913
on Kansas C ity lirst- Hen ref. bonds was also paid. Y . 96, p. 1423. Tho
KANSAS CITY-WESTERN RAILW AY.— A trolley road.
interest duo N o v . 15 1913 was also paid. V . 97, p. 1357. In view of
Formerly the Kansas Clty-Leavenworth Railroad and name changed to
foreclosure proceedings, a stockholders’ committee has been formed with
Kansas
C ity-W estern R y . Has long-time fra n c h is e s In territory served.
Continental & Commercial Trust & Savings Bank, Chicago, depositary.
V . 95, p. 176, 236. See that committee’s circular in V . 95, p . 297. A
ST O C K A N D B O N D S—
D a te .
In te re s t. O u ts ta n d in g .
M a tu rity .
noteholders protective committeo has also been formed (O . M . T ravis, Stock. $2,000,000 ($
) ........._..................... ......... $2,000,000 ..................
24 Broad Street, New York, Secretary, and N ew York Trust C o ., deposi
1st ref mtge $5,000,000 goldl 1905
5 g M-S
1,650,000 Sept 1 1925
tary; Old Colony Trust C o ., Boston, agent o f depositary), calling for
(coup, $1,000; r, $ 1,000, Hnterest at Guaranty Trust C o.. New York.
deposit of Kansas C ity R y. & Light 6 % notes. V . 95, p. 420, 752. In t.
$5,000, $10,000) _________ I trustee.
on these notes was paid Sept. 1 1912. V . 95. p. 618.
Int. from Sept. 1
Stock a n d B o n d s .— $1,400,000 of bonds were Issued to refund alike amount
1912 to M ar. 1 1913 and from M a r. 1 1913 to Sept. 1 1913, at tho rato of 7 %
of bonds outstanding of old com pany, all but $42,000 of which have been
er annum, was also paid. V . 96, p. 653. On Juno 15 1911 Judge
retired, $100,000 for general corporate purposes and $150,000 for Improve
look in the United States Circuit Court authorized tho receivers to pav ments; remaining $3,350,000 to be Issued for acquisitions, extensions and
prin. & lnt. of obligations of M etrop. St. R y. maturing in 1911 to tho amount Improvements under customary restrictions. Entire outstanding Issue li
of $984,640 from earnings of company, providod it would not unduly hamper red. on any Int. date at 105 and Int. V . 89, p. 1483.
operation of road. See V . 92, p. 1701. Tho city in Sept. 1911, having poR E P O R T .— For year ending June 30 1913, gross, 3341,822; net, after
(ltioned Judge Hook to require company to live up to its franchise obliga- taxes, $92,162; fixod charges, $82,500; surplus, $9,662. In 1912, gross,
(lons. Special M aster Brumbach on N o v . 24 1911 reported that $8,274,800 $348,900; net, after taxes, $98,147; fixed charges, $82,500; surplus, $15,647 .
would be roouired, provided It should be determined by law that tho city
has the right to enforce such requirements. See V . 93, p. 1532.
R O A D .— Owns and operates 43.75 miles of road, of which about 18 miles
In D ec. 1912 the company, as holder of tho Metropolitan St. R y . notes are within the city of Leavenworth and 25 % miles between F t. Leavenworth
deposited as part security under tho bonds of tho K . O . R y . & L t. C o ., de and Kansas City, K an. Enters Kansas City, M o., over tracks of the Kansas
manded paymont of tho notes and filed a bill of foreclosure of mtgo. securing City Viaduct & Terminal R y ., which owns and operates a steel and con
tho notes. V . 96, p. 789.
crete viaduct connecting Kansas City, K a n ., with Kansas C ity, Mo. Has
In te re s t. O u ts ta n d in g .
M a tu r ity - second entrance Into Kansas City over tracks of the Metropolitan Street R y .
STOCK A N D B O N D S—
D a te .
.......... $9,543,080
Common, $12,500,000 ( $ 1 0 0 ) . ------O F F IC E R S .— C. F. Holmes, Pres.; O. F . Hutchings, V . P. and Gen. A t
PrcL, 5 % , n. e., $ 1 2,500 ,000 .
torney; S. D. Hutchings, Sec. and Treas.; J. W . Richardson, Gen. Su pt.;
5 Q-M
9,407,500 M c h .'l l 1 H %
($100)............. . . . ..................................
W . M . Bonar, A u d.
General office, Leavenworth, K a n .— V . 89, p. 1483;
1st lien refund. M ., $20,000,-1 1903 5 g M -N15 10.200.000
May 15, 1913
V. 90. p. 110, 868.
000 gold_______________c*& r)N ew York Trust C o., N . Y ., and Henry C.
I Flower, Trus. Int. at C o.’s agency N . Y .
MISSOURI & KANSASIINTERURBAN RY.— Known as ’ ’ Strang L in e.’
Notes, $5,500,000 ($1,000) . . 1907
7 M-S
5,478,000
See text
O R G A N IZ A T IO N .— Incorporated In Kansas under Gen. R R . law. In
U n d e rly in g L ie n s .
1909 receiver appointed the previous year was discharged, and old company
Corrigan Con. S t. R y. 1stl
1886
5g J-J
156,000
July 1 1 9 1 8 resumed control. V . 86, p. 1467; V . 89, p. 1281. Motive power changed
M . ($1,000) g ., red. at 1 1 0 ]Int. at Central Trust C o., N . Y . Trustee.
from Strang gasoline cars to electricity In 1908. V . 87, p. 614. Has private
Metropolitan S t. R y . con.)
1895
5
g
M -N 7,242,000 May 11right
9 1 3 of way about 80 feet wide from Kansas City to Olathe.
mortgage
(Sec text) [In t. at Old Colony Trust.. Trustee, Boston,
STOCK AN I) B O N D S .—
D a te .
In te re s t. O u ts ta n d in g .
M a t u r it y .
gold ($ 1 ,0 0 0 )---------------c*& rj Interest also payable In New York.
Stock,
$1,000 000 ($ 1 0 0 )................................................... $1,000,000
.......................
Cent. Elec. R y. 1st m o rt..f
1899
5
g
M-N 2 ,000,000 May 1 1 9 1 4
1st mortgage $600,000 goldl 1906 5 g J-.J
6 0 0 ,0 0 0 Jan 1 1956
$2,500,000 ($1,000) gold.i Interestat Trust Co. of A m ., N . Y . , Trustee
($1,000) —
------- o/FIdellty Trust C o., Kansas City, trustee.
Bonds may be called at 105 on any Interest
g u a r .......................................c*
(day on 30 days’ notice.
E A R N I N G S .— For cal. yr. 1912, gross. $108 ,46 3. In 1911, gross,
East Sido Elec. R y . 1st M .,1 1901
5 g J-J
250,000
(See text)
$104,808.
$250,000
gold
( $ 1 ,0 0 0 ),lin t , at Trust Co. of A m ., N . Y . , Trustee,
R O A D .— Operates 20 miles of road, from Kansas City through Southnot guar-------------------------- o*J W m . Iluttlg of Kansas City Is also Trustee
ridge, Morrison Ridge, Mllburn Place, Overland Park and Lenexa to Olathe
C o n tro lle d C o m pa nies.
Enters Kansas City over tracks of the Metropolitan Street R y . 70-lb. rails.
Kansas City Elevated R y .l
Has 13 cars. Including passenger and freight.
1st M .
pref.
($600,000)11892
6 g J-J
$600 000 July 1 1 9 2 2
O F F IC E R S .— Pres., W . B . Strang; V .-P ., II. C . Brent; Sec. & T reas.,
g. ($1,000) guar. p .& L . c*J
E . N . Daniels; Gen. M g r ., Thos. Riley. General offices. Overland Park,
2d M. gcn’l ($2 000,000)1 1892
4 g J-J
2.000,000 July 1 1 9 2 2
K ansas.— V . 87, p. 614; V . 89, p. 1281.
g. ($1 000) guar. p. & l.c*]Interest at Manhattan Trust C o.. N . Y .
K an. C. & W estp. 1st M.,1
$500,000,
gold.
guar.l 1906
5 g J-J
500,000 July 1 1 0 2 6
($1,000) .................................. I Interest at N . Y . Trust C o., N . Y . . Trustee.
KENNETT, PA.
Bonds.— Of the $20,000,000 mortgage of the Kansas City R y . & Light
C o., $9,800,000 are reserved for underlying liens. These bonds are both
WEST CHESTER KENNETT & WILMINOION ELECTRIC RY.
coupon and registered, the coupon bonds being In denomination of $1,000
B o n d s .— Default having occurred Deo. 1 1910 on 1st M . bonds, all the
and the registered bonds in denominations of $1,000, $10,000 and $50,000.
The bonds are redeemable at 105 and lnt. on any Int. date. The Metro holders assented to plan of management providing that coupons due Deo. 1
oil tan St. R y ., the K an. City Elec. L t. Co. and the Cent. Elec. R y . In May and June 1 1910 be canceled, and coupons to June 1 1915 stamped payable
9.13 mrde m tgo. notes aggregating $10,500 ,000 , which are deposited as at rate of 4 % .
collateral under the Kansas City R y & Light Co. mortgage; the sharo
O R G A N IZ A T IO N .— Incorporated In Pennsylvania on M ay 24 1901,
capital acquired of the Kansas City Elec. Light Co and the Metropolitan and Is a reorganization of a company of the same name sold under foreclosure
Street R y . has also been so deposited.
In April 1905. On Feb. 26 1908 absorbed the formerly controlled Oxford
Th e 6 % notes of 1907 woro duo Sept. 1 1912 but were extended at 7 % . W est Grove & Avondale S t. R y ., which was to build the extension from
They consist of $4,125,000 series ‘ ‘A ” and $1,375,000 series ” B .”
They Avondale to Oxford. See V . 86, p. 670.
100
¥
?
STOCK AN D B O N D S —
D a te .
In te re s t. O u ts ta n d in g .
M a tu r ity
Common $925 n o n ...............................................................
$ 525 ,ooo --------- . . .
Pret (875,0( 0) 6 % non-cum ...................................... ..
75,000 .................... 1st mtge f 1.000.000 gold) 1005
5 g J-D
420,000 June 1 1035
($500 ami $ 1 ,0 0 0 ).......... c t f j Int. at Integ. T . X. Tr. & S. D .C o.. Phlia..Tr
E A R N I N G S .— For year ending Juno 30 1013, gross, $70,808; net, after
taxes, $ 24,004 .
R O A D .— About 20 miles of track between W est Grove, Avondale. Ken
nett Square and W ilm ington, connecting at Kennett for W est Chester
The extension from Avondale to Oxford, 12 k i miles, has been completed as
far as W est Grove, and Is In operation to that point. Gauge. 5 ft. 2 H n
60 and 70-lb. T and girder rail.
.
rT
O F F IC E R S. — Pres Geo. Kessler, Phlla.; V .- P .. Clarence I. Faroe- ,
Phila.; Sec. and T reas., Philip E . Guckes, Phlla.; Gen. M g r ., II. Baluss,
Kennett Square, P a.— V . 01, p. 1575, 1 6 3 1 ,1 7 1 2 ; V . 94, p. 831; V . 95, p.177.
KEOKUK IA
C E N T R A L M IS S IS S IP P I V A L L E Y ’ E L E C T R IC P R O P E R T IE S —
O R G A N I Z A T I O N .— Formed in Illinois by a trust agreement dated
D ec. 12 1913, under which there aro deposited with trustees all the common
stock of the Keokuk Electric C o. (see below) and all the capital stocks of
Fort M adison Elec. C o . and Dallas C ity Light C o. These companies do
tho electric railway, electric lighting, power and gas business in Keokuk,
l a ., the electric lighting and power business in Fort M adison, l a ., and
D allas C ity ,111., the electric railway and lighting business in Hamilton
and W arsaw , 111., and operates an interurban electric railway between
K eokuk, H am ilton and W arsaw . The stock was offered in D ec. 1913 in
blocks of 10 shares pref. (par $100) and 3 shares com . for $90.
F ra n c h is e s .— The electric railway and eiec. lighting franchises in Keokuk
expire in 1936, the gas franchise in 1928. The electric lighting franchise
in Hamilton expires in 1936; the important railway franchise in 1031.
Th e electric lighting franchises in Fort M adison and Dallas C ity oxpiro
in 1938.
S T O C K (N o B o n d s.)—
D a te .
In te re s t. O u ts ta n d in g . D iv id e n d s .
Com m on 7,500 shares (no p a r i ____
________
/7 ,5 0 0
___ - _______
v a lu e )._____________________ \
(shares.
Pref (6 % cu m )$7 50,0 00($100)............
6 Q .-M .
$750,000
.......................
P re fe rre d Stock.— Redeemable at 110.
E A R N I N G S .— For cal. year 1913 (one month e s t.), gross, $289 ,00 0,
not, after taxes, $107,000.
O F F IC E R S .— Pres., Geo. Higginson Jr.; V .-P s ., C has. F . W allace and
B . Alcott Pratt; Sec., Joseph L . Valentine, Chicago 111.; T reas., H . B .
Sawyer; A sst. Sec., Alvah K . Todd; G en. M g r s ., Stone & W ebster M g t .
Assn.
R O A D .— M iles of track, 1 3.35. Cars, 2 2 .— V . 08, p. 72.
(1.) K eok u k E lectric C o .
O R G A N I Z A T I O N .— Incorp. in 111. on D ec. 5 1911 as successor to tho
Keokuk Elec. R y . & Pow. C o .; Keokuk Gas & Elec. C o .; Hamilton L t.
& Power C o ., and Keokuk & W estern Elec. C o ., control o f which was
purchased In 1911 by Stone & W ebster M g t . Assn. Does tho electric rail
w ay, electric lighting, power and gas business in Keokuk, la .; the electric
railway and electric lighting bunsiess in Hamilton & W arsaw , 111., and
operates an interurban electric railway between Keokuk, Hamilton and
W arsaw .
STOCK A N D BON DS—
D a te . In te re s t.
O u ts ta n d in g .
A f a lu r ity .
............. $615,000 ............. .........
Com m on $650,000 ($100)........ ...........
Pref. $250 .0 0 0 ($ 1 0 0 )6 % cu m .
...........................
250,000 .......................
Keokuk El R y & Pow 1st M l 1904
5%
189,000
See text.
(closed m tge)___________ ntff
C ent. Trust C o . & H . E . Am bler, Trustees
Keokuk Gas L t & C o k e 1st M \ 1898
5%
150,000
1918
(closed m tge)____________ tfi
Union Trust C o ., St. Louis, Trustee.
H am Light & Power 1st M l 1902
6%
4,500
1922
(closed m tge)___________n t f /C o n t . & C om m . T r. & Sav. B k ., Trustee.
Stock.— Com m on stock is all owned by C ent. M iss. Vail. Elec. Properties.
Pref. stock is red. at 110.
B onds.— Tho Keokuk Elec. R y. Sc Power first m tge. 5s are duo serially
1914 to 1925. Red. any int. day at 105 and int.
E A R N I N G S .— For cal. year 1913, gross, $251,474; net, after taxes,
$95,585; in t., $22,604; sink, fd ., $8,750; surplus, $64,231.
O F F IC E R S .— Pres., Harry T . Edgar; V .-P s ., G eo. Higginson Jr. and
G uy L . W eym outh; Sec., Alvah K . Todd; T reas., Henry B . Sawyer; Gen.
M g rs., Stone & W ebster M g t . Assn.— V . 93, p. 1725; V . 97, p. 1583, 1898;
_________
_________
V . 9 8 , p. 73.
KEWANEE, ILL.
dALESBURd & KEWANEE ELECTRIC RY.
O R G A N IZ A T IO N .— Incorporated May 1902. Is a reorganization o
the Galesburg & Oneida Elec. R y . Co.
STOC K A N D B O N D S—
D a te .
In te re s t. O u ts ta n d in g .
M a tu r ity .
Common, $200,000 ( $ 1 0 0 ) ....................
............. ..
$200,000
_________
Pref., $400,000 ($100) 6 % cum ...................................
110.800
...............
First m tge, $400,000, ($500 &)
1906 5 g J.-J
400,000 July 2 1926
$1,000) _g______________ c & r /In t. at Cont. & Com. T r.& S av .B k .,C h ic., Tr
B o n d s .— Are red. on any int. day at par and Int. No s. f.
E A R N I N G S .— For 12 mos. ending Juno 30 1913, gross, $84,472; net.
$20,939; int. and taxes, $23,588; d e f., $2,649.
R O A D .— Has city line In Kewanee & Wethersfield, and Interurban
between Kewanee and Galva. Total track operated 14 miles. 70-80- h .
T and girder rails. Gauge 4 ft. 8 4S In.
O F F IC E R S .— Pres., W . H. Lyman; V .-P .. H . W . Crane; See. & Treas.,
F. M. Lay; Gen. M gr., R . H . Hayward.
KEYPORT N J
J E R S E Y C E N T R A L T R A C T IO N C O — Trolley.
O R G A N I Z A T I O N .— Chartered M a r. 26 1891, in N . J ., as the Keyport
& M ataw an Street Ity ., a horse line, but has been operated as an electric
railway slnco July 1901, and name changed as above in N o v . 1901. C om
pany owns franchises for the carrying of freight and transports brick, gravel,
& c., for local industries.
Com pany also owns 462 of the 500 shares o f stock and all of the bonds
($100,000) of the Middlesex & M onm outh Electric Light, Heat & Power
C o ., which supplies both city lighting and private power and lighting in
South A m b oy. Keyport, M ataw an, Keansburg, Belford and other cities.
STOCK A N D BON DS—
D a te .
In te re s t.
O utsta n d in g .
M a tu r ity .
Stock $1,500,000 ($ 10 0 ) ...................................................$1,500,000 ........... ..............
1st mortgage $700,000 gold! 1901
5 g M -N
353,000 N ov 1 1931
($500 and $ 1 ,0 0 0 )_______ t fi Interest at Colonial Trust C o ., Phila., trustee
Gen & ref mtge $ 1 ,5 0 0 ,0 0 0 / 1904
5 g J-D
1,147,000 Dec 1 1954
gold ($ 1 ,0 0 0 )_________ c * t f ( I n t . at Fidelity Trust C o ., Newark, trustee.
B onds.— O f the $1,500,000 new bonds, $353,000 are reserved to retire
tho first 5s. The new bonds are redeemable at 105 and int. D ec. 1 1914
or any interest period thereafter.
R E P O R T .— For calendar year 1912 (incl. M k l. & M on. Elec. Light),
gross. $281,706; net, $122,509; taxes. $8,383; Int , $79,091; sur.. $35,035.
R O A D .— Owns and operates 36.09 miles of road from South Am boy,
Keyport and Belford to Red Bank: Belford through Atlantic Highlands to
Highland Beach; Freneau through Matawan to Keyport, N . J.
Standard
gauge 60-lb. T and 70-lb. girder rails. Nearly all over private right of way.
32 passenger cars, 2 electric locomotives, 29 freight cars and 1 snow plow.
An extension from South Am boy through Mechanicsville and over the
Raritan River Bridge to Perth A m boy was completed in 1910.
O F F IC E R S .— Pres., Jas. II. Morris, Morris B ld g., Phila.; V .-P . & Gen.
M g r ., G . I. Brown. Red Bank; Sec. and Treas., R . A . Taussig, Morris Bldg.
Phila.; Asst. Sec. & Asst. T reas., F. A . Cater, Keyport, N . J .— V . 76,
p. 1300; V . 9 2 , p . 461.
KEY WEST, FLA.
E KEY WEST ELECTRIC CO.—A trolley road.
O R G A N IZ A T IO N .— Incorporated in New Jersey in 1898 and does entire
electric-light and power business In addition to entire street railway business
of the city; also owns fra n c h is e s for manufacture of gas. F ranchises expire
1997.
In June 1904 acquired the Key W est Electric Light & Power Co
V . 78, p. 2334. In June 1906 was acquired by Stone & Webster of Boston
and "-n-ranltallzed a* below.
V 82. p. 1496
STOCK A N D BO N D S—
D a le .
In te re s t.
O u ts ta n d in g .
M a t u r it y .
Common $500,000 ($100).................................................
$500,000 ____________
Pref $350,000 ($100) 6 % cum .............
Q -M
350.000 .......................
First m o.tgage $ 1 ,0 0 0 ,0 0 0 / 1906
5 g F-A
504,000 Aug 1 1956
gold_______________________t f (Interest at State Street Tr C o , Boston. T r.
[Vol. XCVIII,
ELECTRIC RAILWAYS
66
P re f. Stock.— O f the $350,000 pref. stock reported outstanding above.
$80,000 Is held In trust for the benefit o f the co. Red. at 110.
B o nds.— Are subj. to call as a whole or In part for s. f. at 105 and int.at
any tim e. A sink, fund o f 1 % of bonds out began D ec. 1 1907, If earned:
on D ec. I 1912 became obligatory. $88,000 in treasury, not lncl. in
outstanding amount.
E A R N I N G S .— -For cal. year 1913, gross, $142,958; net, after taxes
$57,383; in t., $25,111; sink, fund, $5,870; pref. div. ( 6 % ) , $10,200; sur
plus. $10,202 .
R O A D .— Operates 5.4 miles of track; 10 cars. Gauge 5 ft. 2J^ in.
O F F IC E R S .— Pres., George J. Baldwin, Savannah; 1st V .- P ., Charles
F. W allace; 2d V .- P ., Harry H . H unt; Sec., Alvah K . Todd; T reas., Henry
B . Sawyer; Acting M g r ., B . L . Groom s, K ey W est, Fla.; Gen. M grs.
Stone St W ebster M g t. A ssn ., Boston.— V . 82, p . 1496; V . 94, p . 1508.
KINGSTON, N. Y.
KINGSTON CONSOLIDATED RR.
O R G A N IZ A T IO N .— This Is a consolidation on Deo. 11 1901 of the Kings
ton City R R . and the Colonial City Traction.
STOCK A N D B O N D S—
D a te .
In te re s t. O u ts ta n d in g .
M a t u r it y .
Com m on, $200,000 ($100)........ ........................................
$200,000 ------------------Preferred. 4 % cum $200 ,00 0 ............................................
200 000 Jan ’ l l . 4 %
First consolidated m ortgage/ 1901
5 g J-J
532.000 O ct. 9 1951
$700,000 ($ 1 , 0 00 ) gold c* t f l i n t , at Bankers Trust C o., N . Y .. Trustee.
Second mortgage, $250 ,0 0 0 / 1909
5 J-J
none
Jan 1 1039
($1,000) ________ ___________ (I n t. at Bankers T r. C o., N . Y . , trustee.
K in g s to n C ity H R .—
Consol $150,000 ($1,000) n o t/ 1803
5 M-S
150,000 Mch. 1 1923
subj to call before m at’y t f ( I n t . at Farmers’ Loan & Trust Co.. N. Y .
Mortgage on car barn_________ ______
5 quar.
6,000 On demand
B o n d s .— $156,000 of the $700,000 consolidated mortgage Is reserved to re
tire the Kingston City R R . underlying liens; $12,000 have been canceled.
D iv id e n d s .— 4 % was paid yearly on pref. stock since consolidation up to
1908, when 2 % was paid A u g. 1. None to Jan. 1 1911, when 4 % was paid.
N one since then up to Jan. 1 1914.
R O A D .— Embraces 8 miles of track. Ralls, 70, 80 and 90-lb. 40 cars,
3 snow plows.
R E P O R T .— For year end. D ec. 31 1013, gross, $154,287; not, $ 46,097 ;
in t., taxes, & c ., $46,074; surplus, $923 .; 1912, gross, $156,058; net, $85,652 :
interest, taxes, & c., $46,434; surplus, $39,218.
O F F IC E R S .— Pres., F r e d .T . L ey, Springfield, M ass.; V .- P ., Henry 0 .
Page, Worcester, M ass.; Sec., G. B . te Bow, Kingston; Treas.. A b m .
Hasbrouck, New Y o rk.— V . 80, p. 225. 529; V . 90, p. 303.
KNOXVILLE, TENN.
KNOXVILLE RAILWAY & LIGHT CO.
Controlled by American Cities C o . (see under Now Orleans), which owns
all the stock.
O R G A N IZ A T IO N .— Incorporated In Tennessee on A u g. 5 1905 as a con
solidation of the Knoxville Traction Co. and the Knoxville Electric Light &
Power Co.
Does all the street railway and all municipal and commercial
electric-lighting and power business In Knoxville. Also controls the
Knoxville Park Association, owning two amusement parks. F ra n ch ise s
are perpetual, except as to 1 H miles of street railway, which latter run until
N o v . 28 1046.
In 1911 $1,500,000 com .and $500,000 pref.stock was all made one class
and Increased to $ 2 ,050,000.
Has favorable long-term contract with Tennessee Power C o . for the pur
chase o f electric power.
STOCK A N D B O N D S—
D a te .
In te re s t. O u ts ta n d in g .
M a t u r it y .
J-D
$2,050,000 D e c ’ 13,5% .
Stock $2,050,000 ($100)_____ ______
5 J-D
1,794,000 June 1 1046
Ref & ext mtge $10,000,000] 1911
($500 and $ 1 ,0 0 0 ).............c * /l n t . at Guaranty Trust C o., N . Y . , Trustco.
Consolidated mtge $3,0 0 0 ,0 0 0 / 1905
5 gM -S
1,173,000 Sept. 1 1945
gold '$ 1,000)...................... c* 1 Int at Standard Trust C o ., New Y o rk . Trustee.
Knoxville Trac 1st M $850. / 1898
5 g A -O
823,000 April 1 1938
000 g tax free($l ,000)
o * ( Int at Baltimore Tr. Co. B a lt.. True.
B o n d s .— Of the ref. & ext. mortgage. $3,000,000 are reserved for prior
liens and $5,206,000 are for additions and improvements under certain
restrictions. O f the bonds reported outstanding, $16,000 aro in treasury.
Bonds are redeem, at 105 and int. on 60 days’ notice or may bo purchased
In open market at a price to net not less than 4 14% . Annual sinking fund,
beginning Oct. 1 1915, equal to ^ of 1% of total amount of bonds out. Of
the $3,000,000 consols, $824,000 are reserved to retire Knoxville Trac. Co.
bonds and $428,000 have been retired. Bonds are redeemable at 107 4$ and
Int. on 60 days’ notice. Sink. fd. annually of H of 1 % of all bonds out
(lncl. Knoxville Trac. bonds) began Sept. 1 1910, and after5 years Is In
creased t o l % annually. $29,000 of outstanding bonds were held In sink. fd.
on Jan. 1 1913.
The K noxv. Trac. Co. first m tge. bonds are not subject
to call. $27,000 have been canceled.
___
__, _____
D iv id e n d s .— First dividend on common— 2 % — June 29 1907, 1 % was
paid Sept. 1907 and 1 % Dec. 1907; In 1908, 4 % ; In 1909, 7 % ; In 1910, 8 % ;
in 1911, 1 0 % . Then stock all made one class and In Juno 1912 paid 3 J$% ;
D ec., 3 M % . In 1913, Juno,
D e c ., 5 % .
R E P O R T .— For calendar years. Pass, carried in 1012, 10,960,344.
N e t a fte r Taxes. In te re s t, & c .
S u rp lu s
Y e ar—
Gross.
$382,430
$197,793
$184,637
1 0 1 3 ..
.- ........... $882,802
339,654
181,410
158,244
1912.............................. 728,035
352,962
160,866
192,096
1911............................. 709,604
365,054
140,371
224,683
1910............................. 716,110
302,480
138,038
164,448
1 9 0 9 ..
________ 613,520
R O A D .— On Dec 31 1913 owned 54.01 m . of track, incl. 10.67 miles of
double track: standard gauge; 70-lb. and over T and girder rail. Has 65
open cars, 54 closed and semi-convertible cars and 13 work cars; total, 132.
Owns one park and leases another.
„
.
O F F I C E R S — Pres. & Gen. M g r.. O . II. H arvey; V .- P ., W . S. Shields;
Sec. Sc Treas., Leon Fender; A u d ., Georgo Cooper.— V . 83, p . 38; V . 85,
p. 345, 405, 793; V . 88, p. 1620; V . 96. p. 716. 1021.
KOKOMO, IND.
IN D IA N A R A I L W A Y S & L I G H T C O .
O R G A N I Z A T I O N .— Incorp. in Indiana on D ec. 7 1912 as a consolida
tion of tho Kokomo Marion Sc Western Trac. C o ., K okom o Frankfort &
Western Trac. C o. and Kokom o Public Utility Co. Carries on an inter
urban and street railway, lighting, power and heating business. Stroet
railway fra n c h is e s extend to 1953; electric-lighting, power and steam-heating
franchises are limited to 25 years (subj. to renewal) and extend to 1932 or
beyond.
In te re s t. O u ts ta n d in g .
M a t u r it y .
STOCK A N D B ON DS—
D a te .
$ 2 , 000,000
____________
C om m on. $2,000,000 ( $ 1 0 0 ) . . ------6 Q -M
350,000
See text.
Pref cum $1,000,000 ($100)..................
5 g J-J
1,180,000 Jan 1 1943
1st & ref M sk fd $5,0 0 0 ,0 0 0 / 1912
($ 50 0 and $1,000), g c * .t f ( U n i o n Trust C o. of Indianapolis, Trustoe.
Kok M a r * W 1st M $ 1 ,0 0 0 ,-/ 1903
5 g J-J
650,000 July 1 1 9 3 3
000 g ($500 & $ 1 ,000)c*n tf ( Interest at Security Trust C o ., In d ., Trustee.
Stock.— Preferred stock is non-voting. Subj. to call at 105.
B onds.— O f tho ls t & ref. bonds. $650,000 are reserved to rotiro tho K . M .
& W . bonds. $50,000 for corporate purposes and $3,120,000 for additions,
betterments, A c ., under certain restrictions.
Red. on any Int. date at 105.
S k .f d . 1 % beginning Jan. 1 1917. In lieu of retirement of bonds, company
may at Its option set asido annually for perm, add’ns, impts. & oxtonslons.
at not exceeding 8 0 % of cost thereof, a sum equivalent to 1 ) 4 % of total
amount of refund, bonds out. Int. payable at Spencer Trask & C o ., N . Y .
V. 95, p. 1684.
K . M . & W . 1st M . bonds aro subj. to call at 105 and int.
See V . 76, p. 1143: V . 77, p. 451.
D iv id e n d s .— 6 % Is being paid on tho preferred stock.
E A R N I N G S .— For year end. Dec. 31 1012, gross. $341,684; not, $185,
806; in t., taxes, deprec'n, pref. d iv.. & c., $106,778; surplus, $70,028.
R O A D .— Operates 36>^ miles of track In Kokom o and from Kokomo to
Marion and 25H miles of track. Incl. sidings, between Kokomo and Frank
fort: total miles of track, 62. Is connecting link between tho Terre Haute
Ind & East. Trac. C o. andtheU nion Traction C o. of Indiana. Standard
gauge. 70 lb. T rail. On Sept. 1 1913 had 3,322 light and pow. consumers.
O F F IC E R S .— Pres., G eo. J. M arott; V . P ., L . J. Kirkpatrick; Sec.,
Treas. & Gen. M g r ., T . C . M cRoynolds; Asst. Gen. M g r ., P . II. Palmer;
A u d. Sc Asst. Sec., O . C . Trees.— V . 95, P. 1884; V . 9 8 , p . 486.
J a n ., 1914.]
LACONIA, N. H.
LACONIA STREET R A I L W A Y .
in N ov. 1900 control changed hands, and the new Interests also acquired
control of the Laconia Electric Lighting Co.
O R G A N IZ A T IO N .— Formerly the Laconia & Lakeport Street R y ., but
name changed to above In 1894
ST O C K , <5cc.—
D a te .
In te re s t. O u ts ta n d in g .
M a tu r ity
....................
$100,000 ......................
Common. $100,000 (par $ 5 0 )...............
Pref., 0 % cu m ., $40,000 ( $ 10 0 ) - ..................................
40 000 . ....................
First m tge, $91,000 ($ 1 ,0 0 0 ).] 1899
5 M-N
91,000 May 1 1 9 1 9
1 Interest at American Trust Co. Boston.
Second m ortgage, $40,0001 1004
5 M-N
40.000 May 1 1919
( $ 1 ,0 0 0 ) ___________________ \Intercstat People’s National Bank. Laconia.
D iv id e n d s .— In 1893-94. paid 5 % ; In 1894-95, paid 4 % : none since.
R O A D .— Owns 8.87 miles of track from Laconia to W eirs. Standard
gauge.
11 passenger and 2 other cars.
E A R N IN G S .— For years ending June 30:
1911.
1910. I
1911.
1910.
Gross _______________$36,200 $34,293 In t. and t a x e s .. . . $9,631 $10,640
N e t ........ .......................
9,915
9,503 |Bal. for year............. sur.284 d f .1,137
O F F IC E R S .— Pres., H . L . Pierce. Leominster, M ass.; Sec., Geo. P.
Munsey; Trcas., llarry G. Lowe.
LA CROSSE, WIS.
W IS C O N S IN R A I L W A Y . L I G H T & P O W E R C O .
O R G A N I Z A T I O N .— Incorp. In Wisconsin on Jan. 16 1913 and has ac
quired and now owns in feo all tho property formerly belonging to the La
Crosse W ater Power C o ., tho La Crosse C ity R y . and the W inona (M in n.)
R y . & L t. C o. Docs elec.-light & power business in W inona, M in n ., and
Onalaska, W ls., and operates street railways in W inona and La Crosse.
Also operates under contract the La Crosse & Onalaska S t. R y ., an inter
urban line about 3 miles long, connecting the citios named. Owns hydro
electric plant at Hatfield, W ls ., with transmission lines to La Crosse and
W inona, at which cities it also has steam reserve plants.
STOCK A N D BON DS—
D a te .
In te re s t.
O u ts ta n d in g .
M a t u r it y .
Com m on, $ 1 ,2 3 0 ,0 0 0 ....................................................... $ 1 ,230,000 ..........................
First & ref. M $10,0 0 0 ,0 0 0 / 1913
5 F -A
2 ,0 0 0 ,0 0 0 Feb 1 1933
($1,000), g o l d ________ c* tf\ F irs t Savings & T r . C o ., M ilw ., Trustee.
5 g J-J
220,000 July 1 1929
La Crosse C ity R y 1st M l 1909
(closed M ) ($ 1 ,0 0 0 )____ c\Int. at Wisconsin T r . C o . ’ M ilw ., Trustee.
Stock.— Entire stock placed in escrow for 5 years under a voting trust
agreement for tho establishment of a definite m anagement and control of
property, tho voting trustees consisting of Fred. Vogel Jr., Frank O . W etmore, F . B . IHxon, II. L . Stuart and Clement C . Sm ith.
B o nds.— O f the $2,000,000 1st & ref. bonds outstanding, $800,000 have
been deposited with trustee by owners, under an agreement which provides
that, wnilo so in escrow, they shall bo subordinate and junior in every
respect to $1,200,000 bonds sold to the banks. Such escrow bonds can bo
released from escrow only in lots of $50,000 or multiples thereof, under
certain restrictions. Tho mtgo. provides that $ 2 ,225,000 m ay bo issued at
par for corporate purposes of trie com pany.
Bonds in addition to the
$ 2 ,225,000 m ay bo issued as follows: $220,000 to retire La Crosse C ity
bonds and $75,000 to rotiro a like amount of bonds which m ay be issued for
certain additional property; remaining bonds are issuable at par (a) to
redeom at par any underlying bonds or any m tge. debt existing against
any property acquired, not exceeding, however, at par, tho reasonable
value of such property; and (6) for not exceeding 7 5 % of cost of any addi
tional property, with certain restrictions. Bonds red. on any int. date at
105 and int. S in k in g f u n d , 2 % per annum, beginning 1918. In t. payable
at office o f trustee or at office of company or its New York agency.
R O A D .— 24 miles of track.
O F F IC E R S .— Pros., Clemont C . Sm ith. Operations will bo directed from
President's office in Milwaukee In connection with tho operations of the
Wisconsin Public Service C o . and other Wisconsin properties.
LAKE CHARLES, LA.
L A K E C H A R L E S R A I L W A Y . LIG H T & W A T E R W O R K S CO.
O R G A N IZ A T IO N .— Incorporated In Louisiana In 1909. In June 1909
the company acquired the Lake Charles Street R y. C o., operating an electric
railway in Lake Charles and Lake Charles Ice. Light & W aterw ork s Co.,
which operates an Ice plant, electric-light and power department and
water system.
F ra n ch ise s expire: street railway, 1941; electric light and power, 1926;
waterworks, 1916, sell-renewing every 5 years thereafter unless city buys
plant.
STOCK A N D B O N D S—
D a te .
In te re s t. O u ts ta n d in g .
M a tu rU v
$200,000 ........ ..............
Stock, $ 200 ,00 0.......... ...........................................................
First mortgage, $500,000 g j 1909
6 g F -A
255,000
See text
($500 and $ 1 ,0 0 0 )_______c * \lnter-State Trust & Bkg. C o., New O rl., Tr.
B o n d s .— Remaining bonds are for Improvements and extensions on basis
of $1 In bonds for each $1 33 of Improvements, &c. Bonds mature $15,000
seml-an. from A ug. 1 1012 to Feb. 1 1922, both Inclusive; but redeemable
on and after Aug. 1 1914 on any Int. day on 30 days’ notice. Int. 13 payable
at office of trustee or at Chicago Savings Bank & Trust C o., Chicago.
$45,000 has been retired.
R O A D consists of 0 miles of track. 60-lb. rails.
O F F IC E R S .— Pres . J. A . Landry; Sco.. P . O . Moss.— V . 89, p. 919.
LANCASTER, PA.
LANCASTER COUNTY R A IL W A Y & LIGHT.
Controlled by tho United Gas & Elec. C orp.— Seo under Now Y o rk .
O R G A N IZ A T IO N .— Incorporated on June 15 1901 In New Jersey. Owns
and controls the following railway, gas and electric properties, whose stocks
are placed under the mortgage of 1901:
Conestoga Traction C o.,
I Edison Electric Co.
Lane. Gas Light & Fuel Co.,
Also controls the Conestoga R ealty Co.
F ra n ch ise s are perpetual.
Docs all the gas and electric lighting In cities
of Lancaster and Columbia, and practically all In Lancaster County.
STOCK A N D B O N D S—
D a te .
In te re s t. O u ts ta n d in g .
M a tu it tv
Q -M
$1,345,000 In 1913,12%
Stock com $1,350,000 ($50)...............
Pref $1.500.000($50) 5 % c u m . ------Q-M
1,000,000 In 1913. 5 %
Mortgage, $1,000,000 gold] 1901
5 g J-J
1,000.000 July 1 1951
($500 and $ 1 ,0 0 0 )___c*cp tl Interest at Lancaster Trust C o., Trustee.
Securities of L in e s C o n tro lle d —
Conest. Trac 1st M $2,000,0001 1900
4 J-J
1,277,500 Jan 1 1950
($100, $500 A $ l ,000) _ c * c p t)I n t. at Prov. Life & T r. C o., Phlla., Trustee.
Lancaster City H it 1st Ml 1890
5 g A-O
160,000 Apr. 1 1920
($100 and $ 5 0 0 )_____ c * c p t lln t . at Metropolitan T r. C o., N . Y ., Trustee.
W E St Ry 1st M $225,000)
1891 5 M -N
225,000 May 1 1921
($100 and $500)
_ c * c p t /I n t . at Metropolitan Tr. C o., N . Y ., Trustee.
Lancas. Trac 1st M ($100.1
1893 5 A-O
225,000 Apr. 1 1923
$500 & $ 1 ,0 0 0 )___ c * c p t (I n t. at Lancaster Trust C o., Lane., Trustee.
Conestoga Trac car t r u s t s e p t ........
...............
90,000 ......................
Lane G L & F 1st M $300.0001
5 J-J
300.000 Jan 1 1925
($ 1 ,0 0 0 )---------------------- c c p t /I n t . at Lancaster Trust C o., Lane., Trustee.
Second mortgage $400.0001
1906 5 J-J
100,000
Jan 1 1936
( $ 1 ,0 0 0 ) -----------------c * c p t /I n t . at Lancaster Trust C o., Lane., Trustee.
Third mtge $100,000 gold)
1911 5 %
100,000
Jan 1 1936
($1,000) ...............- -o * c p t /I n t . at Lancaster Trust C o., Lane., trustee.
Columbia Gas Co 1st mtge)
1911 5-J-J
75,000
Jan 1 1941
$200,000 ( $ 1 .0 0 0 ).e ’ e p t l i n t , at Farmers' Tr. C o.. Lancaster. Trustee.
Edison Elec Co 1st & rof M l
5 F-A
1.000.000 Feb 1 1943
$ 5 .0 0 0 ,0 0 0 --------------------- cp t(L ancaster Trust C o ., Lancaster, Trustee.
Edison Elec Ilium Co 1st f 1895
5 J-J
300,000 July 1 1925
M $300,000 ($100, $500{Interest at Lancaster Trust C o ., Lancaster,
and $ 1 , 0 0 0 ) ____ c& rcp tl Trustee.
Col El L, li & P 1st M gold) 1905
5 M -N
125,000 May 1 1935
$ 12 5 ,0 0 0 ($1,000) c& rcp tf Int. at People’s Trust C o.. Lancaster, Trust.
Conestoga Realty Co 1st Ml
1908 5
265,000 May 1 1958
$500,000 sinking fund g e * c p t ln t .a t Lancaster Trust C o., Lane., Trustee.
B o n d s .— Of Conestoga Trac. 1st M . bonds $610,000 reserved to retire
prior liens, $112,500 reserved to be used for the reduction of rentals. Of
67
ELECTRIC RAILWAYS
Lane. Gas L t. & Fuel 2d M . $300,000 are reserved to retire 1st M . bonds.
Lane. Gas L t. & Fuel 3d M . bonds are redeemable at 105 and Int. on any Int.
date on 3 mos’ notice. Columbia Gas Co. bonds are red. on any Int. date at
105 and Int. on 90 days’ notice. $125,000 reserved for future Imp’ ts at
8 5 % of cost thereof. Of Edison Electric Co. 1st & ref. bonds, $425,030
reserved to retire underlying bonds; $3,575,000 held in treasury for Imp’ ts,
exten., & c., at 8 5 % of cost thereof. Columbia Elec. L t.. II. & P . bonds are
red. at 110 and Int. on any Int. date. The bonds are guar, by the Lane.
County R y. & L t. Co. Conestoga R ealty Co. bonds are red. at par and Int.
on any Int. date on or after Jan. 1 1915, upon 3 m os.’ notice. Sinking fund
an amount set up m onthly sufficient to retire bonds at m aturity.
D iv id e n d s .— The first dividend on the preferred stock (3 %) was paid on
July 1 1904 and 3 % was again paid on O ct. 1 1904.
In 1905, Jan. 3 %
(see V . 79, p. 2796); July, 3 % ; D ec., 4 ) 4 % . I n l 9 0 6 . 6 ) 4 % .
I n l 9 0 7 , 7 % .;
in 1908 to 1912, incl., 5 % ; in 1913, 5 % . On com ., in 1908 to 1912, incl.,
1 0 % ; in 1913, 1 2 % .
R E P O R T .— For year end. June 30 1913, earnings (less expenses and pro
portion of surplus o f sub. co s.), $238 ,54 9; bond in t., $50,000; pref. a iv .,
$50,000; surplus, $138 ,54 9.
R O A D .— The Conestoga Traction Co. (the operating company) leases
163.25 miles of track. Including the Lancaster City Street R y ., 16.29 miles;
Lancaster & Columbia, 8.43 miles; Lancaster & Lltltz, 9.92 miles Colum
bia & Ironvlllc, 4.38 miles; Columbia & Donegal, 5.06 miles; Lancaster &
Mechanicsburg & New Holland, 20.76 miles; the New Holland Blue Ball &
Terre Hill Street R y ., 4 .99 m ; the Rohrerstown Landlsvllle & M t. Joy R y ..
1 3 .1 5 m .; the Lancaster & Eastern R y ., 17.84 m .; the Lancaster & Quarryvllle Street R y ., 8.39 miles; the Elizabethtown & Florin Street R y ., 6 .4 0 m .;
the Christiana & Coatesvllle St. R y ., 10.69 miles; Lancaster & Mlllersvllle
R y ., 4 .3 0 miles; Lancaster W illow Street Lampeter & Strasburg R y ., 11.12
miles; the Lancaster Petersburg <&Manheim R y ., 8.30 miles; the E p h r a ta *
Adam stown, 8.11 m ., and the Lancaster <5c Rocky Springs. 4 .56 miles. The
latter four completed and leased for 999 years at a rental of 6 % on stock.
Sub. gas and electric cos. had 9,858 gas and 3,978 electric meters in use on
Jan l 1913.
O F F IC E R S .— Pres., W . W . Grlest; V .-P ., George Bullock: Sec. and
T reas., II. M organ; A sst. Sec. & T reas.. J . S . G raybllland M . D . E v an s.—
V . 91, p . 463, 1447; V . 93, p . 1783.
(a) Lancaster Mechanicsburg & New Holland R y .— A trolley road.
O R G A N IZ A T IO N .— Incorporated May 16 1899. Runs from Lancaster
to New Holland, with an extension to Ephrata, 20.76 miles. Is leased
to Conestoga Traction Co. for a rental o f 8 % on stock. Capital stock,
$300,000. Stock Is not owned by lessee. No bonds.
(b ) Rohrerstown Landisville & Alt. Joy R y .— Trolley.
O R G A N IZ A T IO N .— Owns an electric road of 13.15 miles from Lancaster
through Landlsvllle, Salunga, Mt. Joy and Florin. Is leased for 999 years
to the Conestoga Traction at rental of 6 % on Its $440,000 stock. No funded
debt. V . 73 p. 236.
(c) Ephrata & Adamstown R y .— A trolley road.
O R G A N IZ A T IO N .— This company was Incorporated with $225,000
capital stock on Sept. 17 1901.
Owns road from Ephrata to Adamstown
8.11
m ., which was leased In 1903 to the Conestoga Traction Co. for a rental
of 6 % on the stock. No funded debt.
(d) Lancaster & Rocky Springs R y.
O R G A N IZ A T IO N .— Operates 4.56 miles of track. Stock, $200 ,00 0. No
bonds. Leased to Conestoga Traction Co. for 999 years at 6 % on stock.
(e) New Holland Blue Ball & Terre Hill Street R y.
O R G A N IZ A T IO N .— Operates a line from Blue Ball to Terre Hill. Is
leased to the Conestoga Traction Co. for 999 years at 5 % on Its $120,000
capital stock.
(f) Lancaster & Eastern R y.
O R G A N IZ A T IO N .— Operates 17.84 m . of track from Lancaster to Chris
tiana. Capital, $430,000. W as leased on June 1 1906 to Conestoga Traotlon Co. at 6 % on stock.
(*) Lancaster & Ouarryvllle Street R y.
O R G A N IZ A T IO N .— Consists of 8.39 miles of track. Is leased to Coneatoga Traction at rental of 6 % on Its $225,000 stock.
(h) Elizabethtown & Florin Street R y.
O R G A N IZ A T IO N .— Consists of 6 .40 m . of track. O ct. 1 1908 was leased
to Conestoga Traction at rental of 6 % on $220,000 stock.
(1) Christiana & Coatesvllle St. R y.
O R G A N IZ A T IO N .— Organized In Pennsylvania March 15 1909. Is a
reorganization of the Phlla. Coatesvllle <5c Lane. S t. R y .
$400,000 ($50)
stock, $365,000 outstanding; no bonds. Is leased to Conestoga Traction
Co. at a rental of 6 % on capital. Consists of 10.69 miles between Christiana
and Coatesvllle.
(j) Lancaster Petersburg & Manheim R y.
O R G A N IZ A T IO N .— Incorporated N ov. 5 1900. On May 1 1902 was
leased to Conestoga Trac. Co. for 999 years at an annual rental of 6 % on
$175,000 stock. Operates 8.30 miles or track.
(k) Lancaster Willow St. Lampeter & Strasburg Ry.
O R G A N IZ A T IO N .— Incorporated N ov. 15 1900. On June 1 1902 waa
leased to Conestoga Trac. Co. for 999 years at a rental of 6 % on $225,000
stock. Operates 11.12 miles of track.
(l)
Lancaster & Columbia R y.
O R G A N IZ A T IO N .— Consists of 8.43 miles of track between Lancaster
and Columbia. Is leased to Conestoga Trac. Co. for 2 0 % on Its $37,500 stk.
LANCASTER & YO R K FU R NACE STREET R Y .— A trolley road.
O R G A N IZ A T IO N .— Incorporated July 22 1901 in Pennsylvania.
In
Feb. 1908 reduced stock from $280,000 to $170,000 and made $150,000
m tge., which see below. V . 86, p. 480.
STOCK A N D B O N D S—
D a te .
In te re s t. O u ts ta n d in g .
M a tu r iv
Stock $170,400 ( $ 5 0 ) ........................................................$170,400 ............. .........
1st mtg gold $150,000 ($500) 1908
5 g J-J
150.000 Jan 1 1 9 2 8
and $ 1 ,0 0 0 ) ___'_______c& r/In t. at Northern Trust Co., Lano.. trustee.
B o n d s .— Are not subject to call and have no sinking fund.
E A R N IN G S .— For 12 mos. ending June 30 1912, gross, $31,647; net,
after taxes, $7,639: fixed charges, $7,500- surplus, $139.
R O A D .— Operates 12 )4 miles of track between Mlllersvllle and Pequea.
60-lb. T rail. Gauge 5 ft. 2 )4 In.
O F F IC E R S .— Pres., Meyer Schamberg; Seo. & Treas., W . S . J. W etherIll; Gen. M gr., L. B . M yers.— V . 86. p. 480: V . 92, p. 187.
LEETONIA, OHIO.
YOUNGSTOWN & OHIO RIVER
R R .— A trolley and steam road.
Freight service operated by steam; passenger service by electricity.
O R G A N IZ A T IO N .— Incorporated In Ohio on Deo. 8 1905.
In 1906
1 ased for 99 years Salem R R . from Pittsburgh Lisbon & Western RR Co.
for $6,000 per annum: the former runs between Salem and W ashlngtonvllle,
7 miles.
In 1910 road was re-capitalized and new securities Issued as below.
STOCK A N D B O N D S—
D a te .
In te re s t. O u ts ta n d in g .
M a t u r it y .
Stock, common, $ 1 . 0 0 0 , 0 0 0 - . ____
________
$1,000,000
------Preferred. $1,000,000. 5 % ..................
Q-J
1 , 0 0 0 .0 0 0 D ec.’ 1 3 .1 %
First mortgage. $ 2 ,5 0 0 ,0 0 0 ,/ 1910
5 A-O
1,000.000 Apr 1 1935
gold ($ 1 ,0 0 0 )....................c * ( Int. at Citizens’ Sav. & Tr. C o., Cleve.,
1 Trustee, or First National Bank. N Y .
S tock a n d B o n d s .— Pref. stock dlv. Is cumulative after July 1 1913.
Bonds subject to call on any Int. date after April 1 1915 at 105 and Int.
Remaining bonds are reserved for acq. and exten. under certain restrictions.
D iv id e n d s .— Initial dlv.— M % — on pref. was paid Oct. 5 1910.
In 1911,
3 )4 % .
In 1912. Jan., 1 % ; M ch ., 1 ) 4 % ; July, 1 ) 4 % : S e p t.. I H % ;
D e c ., ) % .
In March 1913 reduced to
% : June. ) 4 % . Seo V . 9 6 , p.
1023.
In Sept, increased to 1 H % . but in D ec. was reduced to 1 % .
E A R N I N G S .— For cal. year 1912, gross, $239,528; net, after taxes and
rentals. $93,989; bond Int., $50,000: pref. dlvs. ( 4 ) 4 % ) . $45,000; deficit,
$ 1,011. In 1911, gross, $234,459; net. after taxes and rentals, $96,0 9 4 ;
bond in t., $50,000; pref. divs. ( 3 ) 4 % ) , $35,000; surplus. $11,094.
14
54
[Vol. XCVIII.
ELECTRIC RAILWAYS
08
R O A D .— Operates from the terminus of the Stark' Electrlo R y . In
Salem, Ohio, through the city of Salem to a connection with the Salem R R ..
and over the Salem R R . from Salem through Washlngtonvllle, Leetonla.
Lisbon and W est Point to East Liverpool, Ohio, a distance of 36 miles.
At Leetonla, O .. connection Is made with the Youngstown & Southern R y .,
Owns 32.19 miles of track and leases 6.81 miles. Standard gauge, mostly
70-lb. T rail. Pass, equip., 7 cars; freight, 3 locomotives, 15 cars.
O F F IC E R S .— Pres., W ill Christy; V .-P ., G eo. A . Stanley; Sec. and
T reas., C has. S. Thrasher; Gen. M g r ., J. D . Dewees; Operating M g rs.,
Tho Warren Bicknell C o .; A u d ., It. F . M iller. General office, Leetonla,
Ohio.— V. 90, p. 1556; V . 91. p . 40, 947; V . 92, p . 4 57; V. 93, p. 873; V . 94.
p. 913, 1117; V. 95, p. 299; V . 96, p. 362, 948, 1023, 1420; V . 9 8 , p. 74.
LEWISTOWN, PA.
L E W IS T O W N & R E E D S V IL L E ELECTRIC R Y .
Controlled by the Penn Central Light & Power C o . (V . 96, p. 493) and
operated In connection with it. A ll o f the stock and some of the bonds are
subject to tho lien of the mortgages of the Penn Central L t . & Pow. C o.
O R G A N IZ A T IO N .— Incorporated In Pennsylvania on March 24 1892
STOCK A N D B O N D S .—
D a te .
In te re s t. O u ts ta n d in g .
M a tu r ity .
Stock $150,000 ({50) ...................... ...................................
$150,000 1 9 0 7 -0 8 ,5 %
1st mortgage gold ($500 and! 1899
5 g J-J
150,000 June 1 1919
$1,000) $ 1 5 0 .0 0 0 ---------c & r jln t . at Merchants Union Tr. C o., Phlla.,Trus
2d mortgage gold ($500 andl 1902
5 g M -N
125,000 May 1 1917
$1,000) $125 ,00 0 _____ c & r jln t. at Com ’wealth Tr. C o., Harrlsb’g. Trus.
B o n d s .— The lsts are not sub. to call, but the 2ds can be called at par.
D iv id e n d s .— 1902 to 1908, Inclusive, 5 % per annum. None since.
E A R N I N G S .— For year end. D ec. 31 1912, gross, $104,541; net, after
taxes, $13,750; bond in t., $13,750 balance, none.
R O A D .— Operates 10.2 miles of track from Lewlstown to Reedsvllle and
Lewlstown Junction, with a branch to Burnham. 60 and 70-lb. T and
70-lb. girder rail.
O F F IC E R S .— Pres, and M gr., J. I . Quigley, Lewlstown; V .-P ., John E.
Zlmmermann, Phlla.; Sec. and Treas., Chas. D ay. Phlla.. S u p t., C. E.
Gossard, Lewlstown.— V . 88, p . 1128; V . 89, p. 919; V . 96, p. 487.
LEXINGTON. KY.
K E N T U C K Y SE C U R IT IES C O R P O R A T IO N — A holding com pany.
O R G A N I Z A T I O N .— Incorporated In Virginia on Jan. 23 1911 (V . 92
p. 322) as successor to the Lexington & Interurban R ys. Co. per plan In
V . 92, p . 4 6 l .
Owns the entire stock of the Kentucky Traction & Ter
minal Co. and Lexington Utilities Co.
ST O C K A N D B O N D S —
D a le .
In te re s t. O u ts ta n d in g .
M a tu r ity
Common $2,500,000 ($ 10 0 ).....................................
$2,031,487 ..................
p re f $2,500,000 (5100) 6 % )
cum from Jan 1 1913..........J ..............................
2,015,000 J a n .’ 1 4 ,I K
Stock.— Both com. and pref. are listed on Phlla. and Louisville stock
exchanges. Pref. Is also listed on Cincinnati Stock Exchange. Pref.
stock is red. after 1914 at par and accuin. div.
O F F IC E R S .— Pres., J. L . W o lf, Cleve.; V . P .. M . J. Mandelbaum, Cleve.
V .-P . and Gen. M gr., F . D . Carpenter, Lima; Sec. & Treas., H . C. L a n g .—
V. 92, p . 1376; V . 93. p. 287.
(1) W estern Ohio R y,— A trolley road.
O R G A N IZ A T IO N .— Incorporated In Ohio on O ct. 11 1900. This Is one
of the Mandelbaum roads and forms a link In the through car service from
Cleveland to Lim a. Outside of municipalities has private right of way
F ra n ch ise s In towns are for 25 years. Owns entire common and pref. stock
of the Lima Findlay & Toledo R y . V . 83, p. 97, 157, 381. Has contract
to furnish power until April 30 1923 to Lim a & Toledo Traction, F t. W ayne
Van W ert & Lim a Traction and Indiana Columbus & Eastern Traction.
Is leased to Western Ohio R R . V . 90, p. 1615; V . 91, p. 40.
In April 1913 applied to Ohio Pub. Serv. C om m , for auth. to issue $50,000
2d pref. stock to reimburse company for betterments and extensions.
STOCK A N D B O N D S .—
D a te .
In te re s t. O u ts ta n d in g .
M a t u r it y
Common $30,000 ($1)________ ______
________
$30,000 ___
'
1st pf, $500,000 ($100)7% c u m ____
Q-J
473.000
See t e x t "
2d pf, $500,000 ($100)6% c u m ____
Q-J
450,000 J a n .’ 14. I K
1st m ort.$ 3 ,0 0 0 ,0 00g ($ l,000) f 1901
5 g M -N
2,500,000 Nov 1192 1
$ 2 6,500 p erM _______c * & r t f (I n t . at CIt. Savings & Trust Co,. Cleveland,
l Trustee or First National Bank, N . Y .
Collateral trust mortgage,) 1910
6%
27,000 July 1 1030
$500 ,00 0---------------------------tf]C leveland Trust C o., Trustee.
L F & T 1st mtge $600 ,00 0f 1905
5 g J-J
368,000 July 1 1925
gold ($1 0 0 0 ) .................. c t f ( I n t . at Citizens Savings & Trust C o., Clcvel land. Trustee, or In New York.
B o n d s .— The W est Ohio 1st M . bonds have no sink. fd. and bonds are not
subject to call. $470,000 have been canceled. See V . 76, p. 160, for agree
ment among bondholders. Coll. tr. bonds arc convertible Into 1st pref.
stock and are secured by deposit of $30,000 1st 5s. $473 ,00 0 have been
converted. No sink. fd.;red. on N ov. 1 1921 at 110. A s bonds are con
verted, proportionate amounts of the 1st 5s which are collateral will be can
celed.
The Lima Findlay & Tol. bonds have a s in k in g fund of $10,500 per ann.,
which, began In 1911. Are subject to call at 105. $32,000 have been re
tired. V . 80, p .2 3 4 4 .
D iv id e n d s .— On 1st pref. regular quar. dlvs. arc paid. On 2d pref. flrsj
d iv., 1 K % , paid O ct. 1910, and same amount quar. to and lnel. Jan. 1914.
R O A D .— Operates from Lim a through W apakoneta and S t. Marys to
Ccllna; from S t. Marys to Minster, and from W apakoneta to PIqua; a total
of 82.01 m .; also Lima to Findlay, 3 1 .9 7 m ., thus completing a through line
to Toledo. Total, 113.98 m . single track. Standard gauge. Operates
28 passenger, 30 freight and 4 express trail cars
O F F IC E R S .— Pres., F . D . Carpenter, Lim a; V .-P ., J. O. W ilson, Cleve.;
Sec. & Treas., A . Born.— V . 88, p. 626; V . 89, p. 667; V . 90, p. 504, 1426.
1492, 1615: V. 91, p. 40, 155, 872, V . 94, p. 1450
LINCOLN, NEB.
T H E LI N C O L N T R A C T I O N C O — A trolley road.
Is a consollO R G A N IZ A T IO N .— Incorporated In Nebraska In 1909.
datlon of the old Lincoln Traction and the Citizens’ R y . Co. V
v . 88, p. 506.
_
Holders of the old Lincoln pref. stock ($700,000) received 110 In the new
bonds. Holders of the old Lincoln common ($330,000) got for every share
D i v i d e n d s .— Initial div. on pref., 1 K % . paid July 15 1913; Oc t., 1 K % ;
of old, two shares of new pref. and four shares of new common.
Holders
J a n ., 1 K % of Citizens’ R y . stock ($415,000) received 100% In new pref. and 8 0 % In
E A R N I N G S o f combined properties (K en. Trac. & T erm . C o . & Lex. new common.
,,
_
.
U til. C o .) for year end. June 30 1913: gross, $742,980; net, $341,066; other
F a v o ra b le D e c is io n .— On Jan. 3 1912 Nebraska Supreme Court affirmed
in c., $29,846; int. sink. fd. & taxes, $225,268; surplus, $145,644. In 1912: the decision of the lower Court In quo warranto proceedings by the State,
gross, $689,832; net, $264,349; other in c., $24,702; int. sink. fd. & taxes, refusing to order the cancellation of $1,500,000 stock, lt having been claimed
$195,116; surplus, $93,935.
the same was “ pure w ater.” V . 94, p. 912. See also V . 93, p. 1363.
O P E R A T IO N S .— Constituent companies operate about 93 miles of traokSTO C K AN D B O N D S—
D a te . In te re s t. O u ts ta n d in g .
M a tu rity .
They do the elcctrlo-llght and power, gas, street railway and ice business of Common $2,000,000 ($1 0 0 ).......................... ............- $ 1 ,652,000 Sept. 1 2 , 2 %
Lexington. Also operate city lines in Frankfort and lines radiating from
Pref. $1,500,000 (5100) 6 % c u ____
Q -F
1,113,100 N o v ’ 1 3 .1 K %
Lexington to Georgetown, Paris, Nlcholasville. Versailles, and from Frank
1st mortgage $1,500,000 gold 11909
5 g J-J
1,188.000 M ar. 1 1939
fort to Versailles.
($ 1 ,0 0 0 )........................c & rtf/In te r e s t at New York Trust C o., trustee.
5 gJ- J
250,000
Jan 11920
O F F IC E R S .— Pres., P . M . Chandler; V .-P ., John A . McCarthy; See. <5c O ld Lincoln Trac. mtge. g. $ 1 1 8 9 9
000) $ 2 5 0 ,0 0 0 ) .. . ...........c* t f 1 Interest at New York Trust C o., trustee.
Treas., J. K . Trim ble.— V . 92, p. 1436; V. 93, p. 286, 1191; V . 94, p. 1185;
V . 95, p. 176.
B o n d s .— Of the new Lincoln Traction Co. bonds $250,000 are reserved
for prior, Hens and $62,000 are for extensions and lm p’ts at 8 5 % of cost.
(1) Kentucky Traction & Terminal Co.
D iv id e n d s .— 1 K % paid quarterly on pref. from M ay 1 1909 to N o v .
O R G A N I Z A T I O N .— Incorporated In Kentucky on May 18 1911 a sa con
solidation of the Lexington R y ., Blucgrass Trac. Co. and Central Kentucky 1913, inclusive. On com m on, 2 % paid Sept. 1912.
E A R N I N G S .— 'For year ending Juno 30 1913: gross, $655 ,13 8; net.
Traction Co.
V. 92, p. 1436. The entire stock is owned by Ken
tucky Securities C orp. F ranchises perpetual except those on 1 milo in $194,700; in t., taxes & divs., $169,746; surplus, $24,954.
Winchester expiring in 1927.
R O A D .— Owns 54.50 miles of track.
S trik e .— Tho striko which began on July 11 ended on July 16, the com
O F F IC E R S .— Chairman o f Board, W . E . Sharp; I’res., W . I I . Ferguson;
pany having agreed to recognize the union and to reinstate strikers.
V .-P . & G en. M g r ., J. H . Bramletto; Soc., J. II. Hum pe; Iro n s ., S. H.
Burnham; A sst. Sec., O . J. Shaw.— V . 8 8 , p . 506; V . 9 0 , p. 1363; V . oi, p .
ST O C K A N D B O N D S—
D a te .
In te re s t. O u ts ta n d in g .
M a tu r ity .
Stock $ 2 ,500,000 ($ 1 0 0 )................................................
$2,093,400 ......................
94; V . 9 4 , p . 912; V . 9 7 , p . 521, 1898.
1st & ref m tge $ 7 ,500,000 gl
1911 5g F-A
2,200,000 Feb 1 1951
($1,000) guar p & 1_____ c * f l n t . at Commercial Trust C o., Phlla., Trustee
OMAHA LINCOLN & BEATRICE RY.
Passenger & Belt first m tge] 1891
6 g A -O
18,000 See text
Is to construct 56 miles between Lincoln and Omaha, of which 6 K miles
$200,000 ($ 1 ,0 0 0 ).......... .......J ln t. at A m er. T r. & S a v . B k ., Chlo., Trustee.
from
Lincoln to Bethany Heights Is completed and In operation. Standard
Lex R y first mtge $ 1 ,500,000]
1899 5 g J-D
1,421,000 June 1 1949 eauge.
70-lb. T rail. F ra n c h is e s , 99 years and perpetual. Furnishes
gold ($ 1 ,0 0 0 ) -..................- c ’ /I n t . at Continental T r. C o., Baltimore, Trus.
light and power to village of B ethany. Stock authorized. $ 2 ,2o0 ,000
B lu e Grass 1st m tge $700,000]
1904 5 g M-S
294,000 Mch 1 1934 electric
($100); outstanding, $200,000. In M a r. 1913 tho Nebraska R y C om m ,
gold ($500 and $1,000) -c & r jln t . at Cleveland Trust C o., Cleveland, Trus. granted permission, with certain conditions, to issue 58o0,000 stock and
Georgetown & Lexington first)
1901 5 g M -N 15
200,000 N ov 15 1921
$2,250,000 bonds to cpmploto tho road, and is now considering an amended
m tge $250,000 gold ($100, /Interest at Cincinnati Trust C o., Trustee, and potition
asking that tho amount o f stock and bonds to bo finally issued be
$500 & $1,000) gup &1 .o&rj
at Standard Trust C o., New York.
made definite before work is started. Up to Jan. 1 1414 no work dono.
B o n d s .— Of the 1st & ref. bonds, 51,915,000 are reserved to retire prior
E A R N I N G S .— For 12 m os. end. Juno 30 1013, gross, $23,752 ; not,
liens and remainder for extensions. Improvements, &o., at not exceeding
9 0 % of cost under certain restrictions. They are redeem, as a whole on small deficit.
O F F IC E R S . — Pres., Harvey M usser; Soc. & T reas., H . S. N orton.
Feb. 1 1914 or any Int. day thereafter, or In part for sink, fund on any Int.
day after N ov. 1 1921, at 105 and Int. Bonds are guar., p. & 1.. by end. by Office, 1400 “ O ” S t ., Lincoln.
the Kentucky Securities Corp. S in k in g fu n d K % per ann. of bonds out,
1921 to 1930; 1 % 1931 to 1950. V . 92, p. 1564. The bonds are listed on
Phlla. Stock Exchange. V . 94, p. 1119. $18,000 Lexington R y. bonds are
LITTLE ROOK, ARK.
reserved to retire Pass. & Belt bonds. S in k , fu n d will retire 1 % of bonds
ann.: $79,000 were held In sk. fd .S e p t. 1 1913.
Pass. & Belt R y . bonds
LITTLE ROCK R A I L W A Y & ELECTRIC CO.
mature $15,000 annually to April 1 1916. Georgetown & Lex. bonds are
Am er. Cities C o . (sco under N ow Orleans) owns 8 1 % o f com . and 8 0 %
guar., p. & i .. by tho Kentucky Securities Corporation
of prof, stocks.
R O A D .— Operates approximately 93 miles of track, comprising all street
O R G A N IZ A T IO N .— Incorporated In Arkansas on March 17 1903 and Is a
railways In and about Lexington, 15 miles, and 8 miles of city line In Frank consolidation of the Little Rock Traction & Electric Co. (granted a new
fort and Winchester: also interurban lines radiating from Lexington to franchise on Sept. 28 1901 for 50 years; V . 73, p. 784) and the Little Rock
Georgetown, 12 miles, to Paris, 18 miles, to Frankfort, 28 miles, and to
Edison Electric Light & Power Co. (franchise unlimited). Operates all
Nlcholasville, 12 miles. 50 to 80-lb. rails. Standard gauge. Owns 39 street railways In city and all commercial electrlo lighting; also a portion of
closed and 17 open cars. 15 Interurban passenger and 3 express cars and tho commercial lighting in Argenta and I ulask lUeights, Ark.
4 mlsc. cars.
In the latter part of 1912 acquired control or tho Garland Power & D e
O F F IC E R S .— Pres., Peroy M . Chandler, Phlla.; V .-P ., F . W . Bacon, velopment C o ., which controls water powers on Ouachita River, 45 miles
Lexington; Sec., T . D. Murray, Lexington; Asst. Sec., James K . Trim ble. from Little Rock. Hydro-electric developments with a capacity of 28,000
Phlla.: Treas., J. W ill Stoll. Lexington; A sst. Treas., James W . McMeekln, h.p. are contemplated. V . 05, p . 1746.
Lexington.— V . 92. p. 1178, 1436, 1564; V . 94, p. 631, 826, 1119; V . 95.
STOCK A N D B O N D S —
D a te . In te re s t. O u ts ta n d in g .
M a tu r ity .
p . 1 4 7 2 ;V . 97, p. 237.
*
Common, $1,500,000 ($100).............Scml-ann $1,500,000
Jan ’ 1 4 ,5 %
Pref. 6 % c u m , $750,000 ( $ 1 0 0 ) -------6 J-J
750,000
Jan’14,3%
(2) Lexington Utilities Co.
1st
mortgage.
$ 2 ,0 0 0 ,0 0 0 ,1 19 0 3 5 g A -O
2,000,000
April 1 1933
O R G A N IZ A T IO N , &C.— Incorp. on June 5 1909. Stock auth. and out.
gold ($1,000)...................... c*i Interest at Com. Germania Trust & Savings
$100 ,00 0. All stock Is owned by Kentucky Securities Corp. Does ice and
l Bank, New Orleans, Trustee.
electrlc-llght and power and gas business In Lexington. Light and power Refunding and extension mtgl 1908 6 g A -O
1,155,000
April 1 1938
fran ch ise s expire in 1916. Gas and ice fra n c h is e s are perpetual.
$5,000,000 ($500 aud $ 1 ,- j l n t . at Bank of Commerce & Trust C o., Mem000) g o l d ............................ c*J
phis, T rus., or Standard Trust C o.. N . Y ,
S tock.— Pref. stock Is red. at 110 and accrued div.
LIMA, OHIO.
B o n d s . — First mortgage bonds arc subject to call on 60 days’ notice on
W E STE R N OHIO RR.
in y Interest period at 107 K . Sink, fund of K of 1% of outstanding honds
1908 to 1917; 1 %thereaftor. On D oc. 31 1913 $53,000 woro held In sk. fd.
O R G A N IZ A T IO N .— Incorporated In Ohio on June 7 1910 to take over
under lease the Western Ohio R y . Lease provides that Western Ohio R R . The refund. & extension bonds cannot bo called; $2,000,000 are reserved to
pay prln. & Int. on Western Ohio R y . bonds as well as div. on both 1st retire 1st 5s and remainder for 8 0 % of cost of additional property If net
and 2d pref. stocks of that company and an annual rental of $15,000. H old earns, for 12 mos. previous have been twice the annual Int. charges on out
ers of com. stock of Western Ohio R y . had right to exchange before Jan. 1 standing bonds. Inch those to be Issued. A s in k in g f u n d of K of 1 % on out
1011 their stock for stock of Western Ohio R R . on basis of 3 shares of R w y . standing bonds commencing A ug. 1 1913 Is to bo Invested In these bonds at
for one share of RR . V . 90, p . 1556. On D ec. 31J1913 29,278 sharoshad
not higher than a 4 K % basis, bonds to be kept alive In fund. The (lrst
been exchanged. Stock au th ., $ 1 ,000,000; Issued, $972,600.
$1,000,000 Issued as 6s; rate on subsequent bonds to bo at discretion
of board of directors at not exceeding 6 % . See full particulars regarding
E A R N I N G S .— For fiscal year ending Juno 30:
bonds, property, & c., In V . 87, p. 414.
Gross
N e t (a fte r
------D iv id e n d s ------ B a la n c e ,
Y e a r—
E a rn in g s .
T axe s).
In te re s t. 1st P re f. 2d P re f. S u rp lu s .
D iv id e n d s . — On pref., 6 % per annum paid up to and Including Jan. 1914,
1 9 12 -13_________$608,972 $235,617
$151,504 $32,492 $27,000 $84,112 On com ., 1906, 2 % ; 1907, 4 % ; 1908, 4 K % ; 1909. 8 % ; 1910, 8 % .
In 1 911 ,
1 911 -12________ 597,776
240,690
158,916
20,177
27,000
34,597 2 0 % . In 1912 and 1913, 1 0 % .
In 1914. Jan ., 5 % .
J a n ., 1914. |
69
E L E C T R IC R A IL W A Y S
E A R N IN G S .— For calendar years (pass, carried In 1013, 14,002.908):
T e a r—
Gross.
N e t.
*In te re s t. ------------- D iv id e n d s --------------- S u rp lu s .
191 3 ____ 5894,400 $382,787 $109,633 p rcf.$45 ,000 ; com .$150,000 $18,154
1912____ 874,527 398,986
157,513 prof. 4 5,000; com . 150,000 46,473
1911____ 868,874 417,671
139,733
pref.45,000; com . 150,000 82,938
191 0 ____ 772,244 379,774
140,397
pref.45,000; com . 142,500 51,877
1909_____ 720,371 366,378
133,252
pref.45,000; com . 97,500
90,626
♦Includes sinking fund charge.
R O A D .— Operates 37.28 miles of track. Including 12.64 miles of double
track. Ralls, 65-lb. and over. 26 open, 37 closed, 22 semi-convertible and
7 work cars; total, 92. Operates Forest Park, located about 6 miles from
th e centre of the city.
O F F IC E R S .— Pres., W . M . Kavanaugh; V .- P .. D . H . Cantrell; Seo.,
Geo. 13. Rose; Treas., A Gen. M gr., Chas. J. Griffith; A u d ., W . J. Tharp.—
V . 92 , p. 1701; V . 93 , p. 1725; V . 95 , p . 1746; V . 9 6 , p . 1022; V . 9 7 . p . 1898.
LONG BRANCH, N. J.
MONMOUTH COUNTY ELECTRIC CO.
O R G A N IZ A T IO N .— Incorporated Apr. 1 1901 as a reorganization of
the Atlantic Highlands Red Bank A Long Branch Electric R y .
In April
1903 was granted a 45-year franchise to operate In Long Brancn, m conrider at on of which the town Is to receive 3$ of 1 % of gross receipts.
STOOR. A N D B O N D S—
D a te .
In te re s t. O u ts ta n d in g .
M a tu r ity .
• -,« » « i » i
?i f f - , „
Ap- r v r i « i
and $ 1 , 0 00 ) gold_______c * /I n t . at H am . Trust C o.. Brooklyn, Trustee.
O tter debts Dec. 31 1912 ..............................................
100,973 ..................
R O A D .— Operates In and between Red Bank and Long Branch and from
Red liank to Oceanic. Total track. 17.71 miles.
E A R N I N G S .— For calendar year 1912, gross, $ 101 ,37 8. In 1911, gross,
^ ^O F F I CiE*RS'— Pres., William F . H ogan, Brooklyn.— V . 72, p. 8 6 , 391.
LONG ISLAND CITY, N. Y.
LONO ISLAND CONSOLIDATED ELECTRICAL COMPANIES.
O R G A N IZ A T IO N .— Entire stock Is owned by the L in g Island R R .
In
corporated In New York and holds majority of stock of the Huntington RR
and entire stock of the Ocean Electric R y ., the Northport Traction Co.
(2.69 miles), the Nassau County R y . and tho Glen Cove R R . Also owns
one-half tho stock (the Interborougn Rapid Transit C o. owning the other
half) and bonds of N . Y . & L . I . Trac. and Long Island Elec. Ity.
STO C K A N D B O N D S —
D a te.
In te re s t. O u ts ta n d in g .
M a tu r ity .
Stock, $25,000 ($ 1 0 0 )_______
All owned by Long Island R R .
Ooll. tr. bonds, $10,000.0001 1905
13* g
None.
1945
gold, g u a r ................................JU. S. Mtge. A Trust C o .. N . Y . . Trustee.
H o n d s.— Are guar., principal and Interest, by Long Island R R O F F IC E R S .— Pres., Ralph Peters; V .-P ., C. L . Addison; Seo., Frank E .
H ad , N . Y .; Treas., J. F. Fahnestock. Philadelphia.— V . 83, p. 890.
(1) Huntington RR.
O R G A N I Z A T I O N .— Chartered M a y 13 1890. M ajority o f stock Is owned
by Long Island Consol. Elec. Cos. All the bonds are owned by L . I. R R .
ST O C K A N D B O N D S—
D a le .
In te re s t.
O u ts ta n d in g .
M a tu r ity .
Stock, $30,000 ( $ 1 0 ) ..........................................................
$30,000 .......................
mortgage,
$ 30,000 f 1890
6 J-D
26,000 June 1 1920
First
($500) guar p & 1............... c lln t . at U . S. Mtge A Trust C o., New York
l Metropolitan Trust Co . Trustee.
R O A D .— Owns and operates a cross-island line from Huntington to
Am ltyvllle, via Farmlngdale, 18.6 miles. Opened for traffic Aug. 25 1909.
V . 89, p. 593.
The new Queensboro Bridge across Blackwell’s Island was opened In
1909. On SeDt. 19 1909 the City of New York’s municipal trolley across
the bridge began operation. The round trip fare Is 5 cents. On Dec. 16
1909 New York A Queens County R y . was granted a permanent franenise
to run cars over the bridge. Operation began on Feb. 5 1910- V ‘ ?Y*
p 373. Through passengers only are carried across the bridge and no extra
fare Is charged.
STO C K A N D B O N D S —
D a te.
In te r es t.
O u ts ta n d in g .
M a tu r ity.
Stock, $5,000,000 ( $ 1 0 0 ) - - ..........................................
$3,235,000 ----------- Flushing A College Point first! 1895
5
gJ-D
50,000
1925
mortgage, $ 50,000 , g o ld ___JNew York Trust C o., Trustee.
Newtown R y first m ortgage,! 1894
5
gJ-D
150.000 Deo 1 1924
$150,000 g o ld ...... ...................JNew York Trust C o., Trustee
Steinway R y first mortgage) 1892
6
g J-J
1 , 5 0 0 ,0 0 0 July 1 1922
$1,500,000 ($1,000) gold .c’ JInt. at MortonTrust C o., N .Y . C i t y , Trustee
New York A Queens Countyl 1896
4
g A -O
1,300,000 Oct 1 1946
first consol m tg, $3,000,000 [Mercantile Trust C o., New York, Trustee.
gold, $1,000 each..................J Interest at office of c o m p a n y , New York.
4 g M -N
See text N ov 1 1936
First A refunding m tge, $10,-1 1906
000.000 , gold ($ 1 ,0 0 0 )--C * /W in d s o r Trust C o., New Y ork, Trustee.
Current liabilities Dec 31 1912.......................................
2,086,827 ............... .. ...
Of the new $ 1 0,000 ,000 m tge., $2,08 6,827 are deposited as collateral for
loans from Interborough Rap. Transit and $3,065,000 are reserved for
rlorllens. No sinking fund and bonds are not subject to call. Under the
'. Y . A Queens Co. 1st cons. M . there were originally $2,500,000 bonds out
standing, but the company having defaulted In payment of Int., reorganiza
tion was made, under which the holders surrendered $ 1 , 2 0 0 , 0 0 0 ; Interest
was reduced to 4 % and the Mercantile Trust C o., N . Y ., was made the new
trustee. The said bonds are redeemable at 105 and Interest. V . 69. p. 906
R O A D .— The system , with the Queens Railw ay, embraces 73 2 7 miles of
trolley track,including main line, 36.92 miles; second track, 29.01; sidin gs,
7 .3 4 .
Ralls 77 to 107 lbs., standard gauge; 276 pass. cars. 36 other cars.
R E P O R T .— For fiscal years ending June 30:
„
„
.
Gross.
N e t.
Other I n c . T £ In t.& T a x e s .
D e fic it.
1 9 1 2 -1 3 ...$ 1 ,3 7 2 ,8 7 1
$225,082
dof.$385
$339,415 . $114,718
1 9 1 1 - 1 2 .. . 1,298,049
d ef.14,136
655
333,412
< , 346.893
O F F IC E R S .— Pres.. W . O . W ood ; V .- P ., W . L . Pepperman; Soc.^T l.
M . Fisher; T reas., J. I I . Cam pbell.— V . 83, p. 752; V . 84, p . 804; V . 8 6 ,
t. 548; V . 8 8 , p. 375.
S
MANHATTAN & QUEENS TRACTION CORPORATION.
O R G A N I Z A T I O N .— lncorp. In N . Y . on N o v . 2 1912 to take over the
rights o f the South Shore Trac. C o . in N ew York C ity (seo under Patchogue,
and also under M anhattan & Jamaica R y . in V . 9 5 , p . 1207, 420; V . 94,
p. 1696.)
,
.
Has asked P . S . C om m , for permission to Issue $1,500,000 stock and
$1,500,000 1st M . 5 % bonds. The M cArthur Bros. C o ., who are con
structing tho road, are to receive $1,480,000 o f the stock and $1,500,000
of the bohds. V . 96, p. 790.
R O A D .— Has a franchise In tho C ity o f N ew Y o rk to operate a street
surfaco railroad over tho Queensboro Bridge from the M anhattan terminal
thereof, along Thomson A v e ., Hoffman Boulevard, and other streets and
avenues in the Borough o f Queens to the boundary line between the C ity
of New York and the County o f Nassau, together with the right to operate
upon the Queensboro Bridge. Th e line has practically been completed to
the Long Island R R . station In tho former village o f Jamaica and cars are
In operation as far as Forest Hills, L . I .
O F F IC E R S .— Pres., R obt. S. Sloan; V .-P .,-H a r o ld B . W eaver; Sec.;
Treas. A Gen. M g r ., S. B . Severson; A sst. Troas. & A sst. Sec., G . J .
Johnstone.— V . 9 5 , p. 1207, 1274; V . 96, p. 360, 790, 863.
LOS ANGELES, CAL.
PACIFIC ELECTRIC RAILW AY.
,^
„
All the stock except directors’ shares Is controlled by Southern Pacific Co.
O R G A N IZ A T IO N .— lncorp. In California on Sept. 1 1911 as a merger
O R G A N IZ A T IO N .— Incorporated May 1 1897. Entire stock Is owned of the following subsidiaries of the Southern Pacific Co. (V . 93, p. 6 6 7 ):
by Long Island Consol. Elec. Cos. All the bonds are owned by Long Island
San Bernardino Valley Traction Co
Pacific
Electric R y .
R R . On Sept. 21 1898 acquired Rockaway Village R R . Co.
Redlands Central R y .
Los Angeles Interurban R y .
S T O C K A N D B O N D S—
D a te.
In te re s t. O u ts ta n d in g .
M a tu r ity .
San Bernardino Interurban R y .
Los Angeles A Redondo R y .
Los Angeles Paclflo Co.
$35,000 ....................
Stook. $50,000 ($100)...................................................
Riverside A Arlington R y.
Irst mortgage, $20,000 ........... 1898
5 A -O
20,000 Apr 1 1918
In te re s t. O u ts ta n d in g .
M a t u r it y .
D a te.
STO C K A N D B O N D S .
................. $ 100 , 000,000 ....................... ..
R O A D .— Owns 4.64 miles of track, 21 passenger cars and 2 others.
Stock $100,000,000 ($100)....................
__
5%
25.373,000 Sept. 1 ’ 61
1st ref. mtge. $100,000,000 g| 1911
(3) Long Island Electric R y .— A trolley ro&d.
Int. at U . S. M tge. A Tr. Co., N . Y . , trustee.
In Jan. 1906 control passed to tho Interborough Rapid Transit Qo
Pao El Co 1st mtge $10,000,-1
1902 5 g J-J
8,449,000 Jan 1 1943
and the Long Island Consolidated Electrical Companies, each owning one
000 gold ($ 1 ,0 0 0 ) ................ c /I n t . at Union T r. Co., San Fran., trustee.
half the stock and bonds.
Los Ang A Pas El R y M $1,-1
1898 5 g J-J
1,000,000 Jan 1 1928
O R G A N IZ A T IO N .— Chartered March 13 1897 as New York A North
000,000 g guar ($1,000) c* jln t. at 111. Tr. A Sav. B k ., Chic., Trustee.
Shore R y. On O ct. 11 1899 was consolidated with tho fo rm e r Long Island
Can be called at 105.............j or at Chase N at. Bank, New York.
Pas A M t L 1st mtge $500,0001 1900
Electric R y ., new company having $2 100.000 capital stock and $2,100 000
4 g J-D
500,000 June 1 1930
bonds. On May 7 1902 the lines north of Jamaica were sold under fore
gold ($1,000)........ ..............c* )Int. at Union Trust Co., San Fran., Trustee.
closure to the Queens R y. C o., which company was then merged In the
Callablc’at 104 andlnterestj
or Chase N at. Bank, New York.
New York & Queens County R y . On Aug. 28 1903 old name of “ Long Cal Pacific R y 1st mtge gold)
1901 5 g J-J
480,000 July 1 1941
Island Electric R y .” was resumed. In Aug. 1909 stock was reduced from
($1,000) guar_____ _______ c /I n t . at T it. Ins. A T r. Co., Los A n g., trustee
$2,100,000 to $600,000 by cancellation of $1,500,000 stock originally Issued Los A n g-P acR R 1st M gold. . / 1898
5 J-D
10.000 J ’ne 10 1928
to represent the piece of road which subsequently became the Queens R y.
l in t , at B ’ way B k .A T r.C o.,L o sA n g ., trustee.
and now forms part of the New York & Queens County R y. V .8 9 ,p .4 2 . 593. Los Ang-Pac R R 1st con m tge)
1901 5 A-O
1,465,000 Apr 1 193 1
$1,500,000 g ($1,000)_____ /In t .a t B ’w^y B k .A T r.C o., Los..Ang..trustee.
STO C K A N D B O N D S —
D a te.
In te re s t. O u ts ta n d in g .
M a tu r ity .
Los Ang Her B A Red 1st M\ 1902
5 g M -N
74,000 M ay 1 1943
________
Stock. $600,000 ($100)............... ........................................ $600 000
$500,000 gold ($1,000)____ /I n t . at T it. Ins. A Tr. C o.. Los A n g ., trustee.
L. I. El. 1 st M . $600,000) 1895
5 g J-D
600,000 June 1 192S
Los Angeles Pacific R R flrstl 1903
5 g M-S
3 ,451,000 Sept 1 1943
($1.,000)
-------------- ...c * j ln t . at Hamilton T r.C o ., Brooklyn,Trustee.
and ref mtge $5,000,000 jln t. at Los Angeles Trust Co, trustee, or at
E A R N I N G S .— For year ending Juno 30 1913, gross, $234,214; net. after
gold ($1,000)_____________ cj
U. S . M tge. A Trust C o., New Y ork.
taxes, $19,378. In 1912, grass, $213,342; net, after taxes, $15,480.
Los Angeles Pacific Co genl 1906
5 g J-J
1,273,000 Jan 2 1946
H O A l).— Comprises 26.56 miles of track on 17.34 miles of road from
consol mortgage $12,500,- j l n t . at Union Trust Co., San Fran., trustee,
Crescent Avenue, Brooklyn (at the terminus of the Kings County Elevated),
000 gold ($1,000) sk fd .c *
or at Farmers’ A Mech. N at. Bank, Los
Jamaica, Hollis and Queens, and from Jamaica to Far Rockaway. 3 7
J Angeles, or Chase N at. Bank, New York.
passenger cars and 8 others.— V . 83, p. 818; V . 8 8 , p. 101; V . 89. p. 42. 593
Los Ang Pac Co 1st ref m tge) 1910
4 g J-J
8,323,000 Jan
1 1950
(4) New Y o rk & L o n g Island T r a c tio n .— A trolley road.
$20,000,000 g ($1,000)-c* Jlnt. at Un. Tr. Co. of San Fran., trustee
On June 20 1905 control was purchased Jointly by tho Interborough Los Ang A Redon 1st mtge) 1902
5 g J-J
500,000 Jan 15 1933
Rapid Transit C o. and tho Long Island Consol. Elec. C os. V . 80, p. 2622.
$500,000 g ($1,000)_____ c * /I n t . at Union Trust Co., San Fr., trustee.
O R G A N I Z A T I O N .— This was formerly tho M ineola Hempstead & Freo- Riverside A Arling 1st M g old / 1899
4 F-A 14
200,000 A u g 14 1919
port Traction (lncorp. Feb. 27 1899), but namo changed as above Sept. 22
\Int. at Union Tr. C o., Fan Franu trustee.
1902, and stock increased from $125,000 to $1,00 0 ,0 0 0 .
San Bernard Val Tr 1st M g / 1901
5 A-O
44,000 Oct
1 1931
lin t , at T it. In s.A T r.C o.. Los A n g., trustee.
F a re D e c is io n .— On June 15 1912 P. S. Com m ., 2d D lst., decided that
company Is not obliged under Its franchise to limit Itself to a 5-cent fare San Bernardino Valley Tr 1st! 1903
5 g M -S
833,000 Sept 1 1933
between Hempstead and Belmont Park. V . 94, p . 1696.
A ref mtge $1,000,000 gold/Interest at Los Angeles Trust C o., trustee,
sink fund ($1,000)___c*A rj
STOCK AN D BON DS—
D a le .
In te re s t.
O u ts ta n d in g .
L a s t D ie .
Redlands St R y 1st mtge g old / 1899
6 F -A
50,000 A u g 1 1 9 1 9
Com m on, $750,000 ($ 5 0 )---------------------------$750,000 ------------------\Int.at T it. In s.A T r.C o., Los A n g ., trustee.
Pref, 5 % cum . $250,000 ($50).................................. T
250,000 N o dlv. yet
Redlands St R y 1st M gold/ 1901
5 M -S
27,000 Sept 1 1931
( 1902 4 3* g M - N
1,000,000 N ov 1 1942
lin t .a t T it. In s.A T r.C o., Los A n g., trustee.
1st m tge, $1,00 0 ,0 0 0 , g o ld lln t. at Citizens Sav. & Trust C o ., Cleveland,
Redlands Cent R y 1st M gold/ 1907
5 J-J
110,000 July 1 1 9 3 7
( $ 1 .0 0 0 ).............................. c&r 1 Trustee, or at First N a t. Bank, N . Y .
(Interest
at Los Angeles Trust C o., trustee
llo n d s . -Are subject to call at 107 at 30 days’ notice, hut no Mali. fund.
B O N D S .— P a c ific E lec. R y . 1st re f. m tge. are to provide funds to retire
E A R N I N G S — For year ending Juno 30 1913, gross, $403,905; net, after
underlying bonds; also for acquisitions and for corporate purposes. Bonds
taxes, $4,966. In 1912, gross, $393,935; net, after taxes, $57,215.
R O A D .— Operates an electric line connecting Mineola, Hempstead and are to bear interest at such rate or rates as may be fixed at time of Issue
Freeport, 7.84 miles. Also operates line from Hempstead west 5.58 by directors, not exceeding, however. 5 % per ann. Int. M .-S .
P a c ific E lec. Co. 1st M tg e .— A sufficient amount is reserved to retire
miles to Queens, where connection Is made with the tracks of the Long
Island Electric R y. Co. Also a line 17.01 miles long from Freeport westerly prior issues. S in k in g fu n d Is $5,000 per annum, commencing Jan. 1
1907, for 5 years; then $10,000 per annum to Jan. 1 1917; $15,000 per
via Rockville Centre, Lynbrook and Valley Stream, to a connection with the
Kings County Elevated R y. at Brooklyn. Also a lino from Queens to annum to Jan. 1 1922; $20,000 per annum to Jan. 1 1927; $25,000 per
Mineola via Jericho Turnpike, 5.86 miles. Total, 36.29 miles. Total, annum to Jan. 1 1932; $30,000 per annum to Jan. 1 1937 and $35,000 annu
ally thereafter, said sinking fund to be used in purchase of the bonds, but
lncl. Recond track, 41.31 miles. 30 passenger and 10 other cars.
O F F IC E R S .— Pres., C. L . Addison, Penn. S ta ., N . Y .; V .-P . A Gen. fund m ay be Invested In other securities If bonds cannot be obtained at par.
M gr., W . O . W ood , Long Island City, N . Y .; Seo. A Treas., Frank E . Half.
Los Angeles & Pasadena Is/ M tg e .— Bonds bear the guaranty of the Los
Angeles R y . by endorsement. A s in k in g fu n d of $10,500 per year on those
Penn. R R . S ta., N . Y .— V . 84, p. 8 6 8 : V . 8 8 , p. 101; V . 04, p. 1696.
bonds began Dec. 1 1908, and bonds m ay be called at 105 on any Int. date.
Pasadena & M t . Low e bonds arc guar. p. A 1. by both Los Angeles R y .
NEW YORK & QUEENS COUNTY RY.
32.048
shares out of total Issue of 32.350 Is owned by the Interboroughand Los Angeles A Pasadena Elec. R y. A s in k in g fu n d for those bonds be
Rapid Transit C o., which also owns one-half of the stock of the Long Island gan 10 years from date of bonds of $5,000 per ann. for first 5 years, $7,500
per ann. for second 5 years, $10,000 per ann. for next 5 years and $12,500
Electrlo R y. and tho New York A Long Island Traction.
.
O R G A N IZ A T IO N .— Incorporated June 29 1896 and reorganized on June per ann. for remaining 5 years.
C a lifo r n ia P a c ific R y . Is/ M tg e . Is for no stated authorized amount, but
$0 1899. Purchased the various lines of railroad In Long Island City known
as the Newtown R y . C o., the Rlker A ve. A Sanfords Point R R ., the Stein Is limited to $20,000 per mile of completed track. No *slnk. fund., and
way Railway the Long Island City A Newtown R y . and the Flushing A bonds cannot be called. Guar., p. A 1., by Los A n g.T rac.C o.: see V. 75. p.76.
Los A n g e le s -P a c ific R R ., 1st A R e f. M tg e .— Sufficient bonds are reserved to
College Point R y .
In May 1902 the Queens R y . was consolidated with It
and thereupon Increased Its stock from $2,500,000 to $5,000,000
The retire prior liens. A s in k , fu n d began In 1908, to which $50,000 per ann.
Queens R y . succeeded to the property sold at foreclosure of the New York Is payable first 5 years, $60,000 per ann. next 5 years, $70,000 per ann.
A North Shore R y ., comprising a line of 6 miles from Flushing to Jamaica, next 5 years, $80,000 yearly following 5 years, $90,000 per ann. next 5 y is .,
with franchises for lines between Flushing and College Point, Flushing and $100,000 yearly following 5 years and $150,000 per ann. thereafter. • N ot
subj. to call.
Baysldo and Manhasset. V . 74, p. 1197. ^
(2) Ocean Electric Ry.
E L E C T R IC R A IL W A Y S
70
Los Angeles P a c ific Co. G en. C onsol, bonds have a sink, fund, 101 f to 1915,
510,000 per ann.; 1910 to 1920, 515,000 per ann.; 1921 to 1925, 540,000
ann.; 1926 to 1900, 575,000 per ann.; 1931 to 1944, 580,000 ann., and 1945
to 1946, 590,000 per ann. Of the 512,500 ,000 auth., 55,000,000 are re
served for prior Hens.
Los Angeles P a c ific Co. 1st Ref. M tg e .— Subject to call as a whole or in
part on and after Jan. 1 1915 on any int. date at 105 and int. on 3 m onths’
notice. Int. also payable at com pany’s offico or agency in Now Y o rk.
Sinking fund of 55,000 per annum. $4,481,000 of tho bonds are guar.,
p . & 1., by Southern Pacific C o . remaining $ 3 ,842,000 bonds held in South
ern Pacific R y .’s treasury.
S a n B e rn a rd in o V a lle y T ra c tio n Is! &, R e f. M tg e . bonds are subj. to call at
105.
R O A D .— Owns 268.85 miles 2d main track, 270.71 miles double main
track, 11.41 miles four main track and 113.49 misc. Total road, 550.97
miles, equal to 972.02 miles of single track, of which 724.68 miles are on
private right of way and 247.34 miles on public highway.
14 electric loco
m otives, 579 passenger cars, 1,154 freight cars and 72 service cars.
O F F IC E R S .— Pres., Paul Shoup, San Francisco; Sec., H . A . Cultoden,
Los Angeles; Treas., I. W . Heilman, San Francisco. General offices. Pacific
Electric B ldg., I,os Angeles.— V . 93. p .6 6 7 , 872, 1463; V . 95, p . 2 9 8 ,7 5 0 , 1208;
V . 96, p. 203, 1298, 1365, 1773; V . 97, p. 522.
LOS ANGELES RAILW AY CO.
I t is understood that tho entire $ 2 0 ,0 0 0 ,0 0 0 stock, except directors’
qualifying shares, is owned by Air. H . E . Huntington.
O R G A N I Z A T I O N .— Organized in Los Angeles Dec. 2 1913 by merger
of tho Los Angeles R y . C o rp o ra tio n and its subsidiary, tho C ity Railway
C o . o f Los Angelas (V . 9 1 , p. 1776: V . 97, p. 1733). The Las Angeles
Railway C o rp o ra tio n was incorporated in California on N o v . 7 1910 as suc
cessor to tho Los Angeles R y . and acquired all flic city narrow-gauge lines
owned by the Pacific Electric R y . and the Los Angeles Interurban R y ., and
those portions of the Los Angeles & Redondo R y . and the California-Pacific
Ryj’ P °2 Iying north of an east-and-west line running through Hawthorne
and Athens, thus comprising all the street railway business of Los Angeles.
V . 91, p. 1386. M ore than 85 miles of track Is on private right of w ay. All
main lino and practically all down-town lino fra n c h is e s extend beyond 1940.
N e w M o rtg a g e .— Tho new company (Los Angeles R y . C o.) will make a
bond issue, it is understood, limited to $ 5 0,000 ,000 , of which $23,500,000
will be used to retire outstanding indebtedness of tho companies re
cently merged and $26,500 ,000 for improvements, & c. Seo V . 97, p . 1733.
ST O C K A N D B O N D S—
D a te .
In te re s t. O u ts ta n d in g .
M a tu r ity
Stock, $ 2 0 ,0 0 0 ,0 0 0 ....................
(?)
Los Angeles R y C orp 1st & ref I 1910
5 g J-D
$14,085,000 D ec 1 1940
M $ 2 0 ,0 0 0 ,0 0 0 g ($ 1 ,0 0 0 ) Los Angeles Trust & Savings Bank, Trustee.
sinking fund_____________ c*J
Los A n g. R y . M , $5,000 ,0 0 0 ,' I 1899
5 g A -O
4 ,852,000 O ct. 1 1938
gold ($ 1 ,0 0 0 each).____ c*. Jlnt. at Union Trust C o., San Fran,, C al., Tr.
STOCK A N D BONDS—
D a le .
In te re s t.
O u ts ta n d in g .
M a tu r ity .
Los Angeles Trac, 1st m tg e.l 1895
6 g M -N
$250,000
May 1915
$250,000, gold ( $ 1 , 0 0 0 ) - - - /S t. Louis Union Tr. C o., St. Louis, Trustee.
Los Angeles Trac 1st con M .l 1898
5 g J-D
250.000 Dec 1 1938
gold, $250,000 (51,000) — /S t . Louis Union Tr. C o.. St. Louis, Trustee
City R y of L A 1st M $5,000,-1 1911
5 F -A
3,613,000 Feb 1 1 9 4 1
000 ($1,000) g o ld ........... c * /I n t . at Los A ng. Tr. & S. B k ., Los A ., Trus
B o n d s .— Of the 1st & ret. m tge., $5,352,000 are reserved to retire prior
liens, and no additional bonds can be Issued for any other purpose. Int.
Is payable at office of trustee, Bankers Trust C o ., N ew York, and by
arrangement at Anglo & London Paris N at. B k .. San Fran. Bonds are not
eubj. to call. Bonds have sk. fd. of $10,000 per month (incl. s. f. on under
lying bonds) to be Invested In 1st & ret. bonds at 105 and Int. or less, or in
approved securities; 1 st & ref. bonds purchased for s. f. to be kept alive,
$563,000 bonds are held in sink. fd.
V. 92, p. 262; V . 94. p. 1383; V . 95,
P. 1273. On 30 days’ notice int. m ay be made payable at tho N a t. City
B ank, N . Y .
Int. on both tho Los Angeles Trac. issues paid atC hase N a t.
Bank, New York. City R y . Co. of L. A . 1st M . bonds nave a sink, fund
2% ip e r ann. of principal amount of bonds, beginning Jan. 1 1916.
E A R N I N G S .— For year ending Juno 30 1913, gross, $6,885,812; net,
$2,015,296; int. & taxes, $1,478,534; net income, $536,672.
Passengers
carried, 133,269,936.
P R O P E R T Y .— Comprises 370.27 .miles of track: 60, 72, 87 and 116-lb.
rails. Owns and controls 800 passenger cars, of which 451 are of P -A -Y -E
typo, and 87 misc. cars. Has favorablo power contract with tho Pacific
L t. & P . C o ., the current being distributed through tho corporation’s own
transmission system , comprising 321 miles of line and 10 sub-stations.
O F F IC E R S .— Pres., H . E . Huntington; V .-P . & Gen. M gr., Howard
Huntington: Sec. & Treas., O . A . Henderson.— V . 94, p. 1383; V . 9 5 n
1273; V . 96, p . 487, 1365; V . 97, p. 521, 1733.
’
..................................
..............
LOUISVILLE, KY.
LOUISVILLE TRACTION CO.— A holding company.
O R G A N IZ A T IO N .— Incorporated In New Jersey on July 5 1903 and
acquired practically all of the stock of the Louisville R y . Co Holders of
common stock of Louisville R y ., on payment of $55 In cash, received three
■hares of new common stock In exchange for each share of old stock held
Holders of the old preferred stock of the Louisville R y . received share for
share of new preferred, with a bonus of 2 0 % In common. The new com
pany provided the Louisville R y . Co. with needed money to be used for
Improvements, the railway company issuing 51.100.000 common stock
therefor. See V . 79. p. 968. In April 1907 authorized common stock
of tho Traction Co. was increased from $12,000,000 to $15,000 ,000 . V . 84,
P. 931. In April 1908 preferred stock was Increased from $2,500,000 to
$3,500,000 and the additional $1,000,000 offered to stockholders at par, all
of which was taken.
The old Louisville R y . Co. was Incorporated Jan. 22 1867, and Is a Ken
tucky company, owning all the street railways in the city of Louisville and
its suburbs. It has $5,500,000 common stock and $2,500,000 preferred
stock, practically all owned by the Louisville Traction Co. Franchises
aro partly for 99 years from 1886 and partly perpetual.
The Louisville & Interurban R y. has been organized in tho Interest of
the Louisville R y. to construct a system of urban and interurban lines. Up
to M a y 1913 no securities had been issued except $4,000,000 stock (increased
to that amount in Feb. 1913) to Louisville R y. C o. In Jan. 1911 the Louisvillo & Interurban R R . acquired tho Louisvillo & Eastern R R . (all of whose
bonds, construction notes, receivers’ certtfs., & c., and about all tho stock
was owned by Louisville & Interurban), sold at foreclosure on Jan. 3 1911.
V . 92, p. 59, 262.
In Feb. 1913 the Louisville R y. issued an additional $1,000,000 gen. M .
bonds to pay for improvements. V . 96, p. 553.
STO C K A N D B O N D S—
D a te .
In te re s t
O u ts ta n d in g .
M a tu r ity .
Common. $15,000,000 _____________
Q-J
$11,889,700 Jan ’ 13, 1%
Pref., 5 % cu m .. $3,500,000 - ___
A -O
3,500,000 O ct'13,2 A %
Louisville R y gen mtge, gold,) 1910
5 g F-A
4 ,000,000 Feb 1 1950
$20,000,000 ( $ l ,0 0 0 ) - . c * t f /l n t . at German Bank, Louisville.
Louisville R y. cons. M .,g o ld ,I 1890
5 g J-J
6,000,000 July 1 1930
$6,000,000 (list N Y ) _ _ c * t f l Int. at N a t. Bank of Commerce, N . Y .;
„
1 Fidelity-Col. T r. C o ., Louisville, Trustee.
Louisville R y . 2d m tge., $ 2 ,-V 1900 i ' A g M -S
2,000,000 M ar 1 1940
000,000 , gold ( $ l ,0 0 0 ) _ - t f /l n t . at German Bank, Louisville.
B o n d s .— $8,000,000 of the gen. M . bonds of 1910 are reserved to retire
prior liens; the remainder Is for extensions and Improvements.
Bonds are
not subject to call.
Fidelity-Col. Trust C o ., Louisville, trustee.
D iv id e n d s .— On Traction pref., 5 % per annum. On com. the flrst semi
annual dividend, I H % . was paid Oct. 1 1904. In 1905. 3 % .
In 1906
4% .
In 1907, 4 % .
In 1908. 3 % .
1909 to 1912 Incl., 4 % per ann. In
1913, Jan ., 1 % ; April, 1 % ; July, 1 % ; O ct., 1 % ; Jan. 1 % .
R O A D .— The Louisville R y. Co. owns 175 'A mllesof track on 7 7 % miles of
street, with 13 H miles outside city limits; all is electric. Affords entrance
Into Louisville for the Lou. & Nor. R y. & Ltg. Co. and Lou. & Sou. Ind.
Trac. Co. The Louisville & Interurban operates 102 miles of track In Jef
ferson C ounty, incl. extensions to La Grange and to Shelbyville In Oldham
and Shelby counties. An extension from Kosmosdalo to W est Point, 3
miles. Is proposed.
R E P O R T .— O f Louisvillo Railway C o. for fiscal years ending D ec. 31.
See 1912 report in V . 96, p. 1015.
C a l.
Gross
Net
Other
I n t . <fe P f . D iv . Com m on B alance,
S r.
Revenue.
E a rn in g s . Incom e.
Taxes.
(5% )
D lv .
S u rp
1 9 1 2 .$3 ,130 ,402 $1,340,455 $234,885 $786,127 $125,000 $545,650*5118.563
1911 . 3,030,598 1,287,773 210,000 704,416 125,000 545,650 122 707
*In 1912 there was deducted $90,000 for doprec'n, & c., against $107 747
In.1911, leaving a surplus of $28,563 in 1912, against $14,960.
[V o l . XCVIII.
O F F IC E R S .— Pres.,YT. J. Minary;TV .-P ., A . P. Humphrey; Seo. and
Treas., Samuel G. Boyle. V . 8 8 , p. 564, 6 8 6 , 823; V . 90, p. 167, 372 503
977, 1101; V . 92, p. 59, 262, 322; V . 93, p. 105, 164, 408; V . 94, p. 351, 826
1179 . V . 96, p . 553, 790, 1015.
INDIANAPOLIS & LOUISVILLE TRACTION RY.— A trolley road.
^O R G A N IZ A T IO N .— Incorp. In March 1912 in Indiana as successor to the
Indianapolis & Louisville T ra c tio n C o., sold at foreclosure onMarch 21 1912
V . 94, p. 911. F ra n c h is e s in cities and towns are for 50 years from 1905remainder Is on private right of way.
ST O C K A N D B O N D S—
D a te .
In te re s t. O u ts ta n d in g .
M a tu r ity .
Com m on stock $600,000 _____ ______
________
$596,500
________
576,750 . 1 .
Preferred stock $600 ,00 0____________
First mtge $1,500,000 gold) 1912
5 g A -O
849,800 April 1 1942
($100, $500& $ 1 ,0 0 0 )- c ’ t f /I n t . at Colonial Trust C o.. P ittsb., Trustee
B o n d s .— Of remaining 1st m tge. bonds $650,200 are for impts. and extens.
at 8 0 % of cost. Subj. to call on any Int. date at 105 and int. Sink. fd. of
2 % per ann. begins O ct. 1 1917, Increasing 1 % each year to and incl.
April 1 1921, then reduced to 1 % per ann. thereafter.
E A R N I N G S .— For year ending D ec. 31 1913, gross, $134,522; net, after
taxes, $50,631.
R O A D .— 40.9 miles of track from Sellersburg (from which point cars
are run into Louisville over tracks of Louisville & Northern R y. & Ltg. Co.)
to Seymour, from which place it enters Indianapolis over the tracks of tho
Ind. Col. & South. (Interstate Public Service Corp.) Through cars from
Louisville to Indianapolis were put into operation in 1908. Standard
gauge; 75-lb. T rails.
O F F IC E R S .— Pres. & G en. M g r ., John E . Greeley, Scottsburg, In d .;
V .-P ., M ark Storen; Scottsburg, Ind .; Sec., W . A . Gadiont, Now Albany,
In d .; T reas.. E . S. Gwinn, Scottsburg, Ind .— V . 94, p . 911.
LOUISVILLE & NORTHERN RAILW AY & LIGHTING.
Interests identified with the M iddle W est Utilities C o. aro supposed to
have secured control of this property. V . 95, p. 1545.
O R G A N IZ A T IO N .— Incorporated under the general railroad laws of
Indiana In Dec. 1905 $900,000 of the $1,000,000 stock of the United
Gas 8: Electric Co. and $232,700 stock of the New Albany W ater W orks
Co. are deposited under this com pany’s mortgage.
Has purchased the
electrical equipment of the Kentucky & Indiana Bridge C o., and leases the
brl ge for 25 years, thus affording Independent entrance Into Louisville.
Company does electric lighting and express and freight business In addition
to passenger business. Road is mainly on private right of w ay.
STOC K A N D B O N D S —
D a te.
In te r e s t.
O u ts ta n d in g .
M a tu r ity.
Common, $3,500,000 _________ _____
__________$3,500,000 --------------------Pref. $1,500,000, series A & B . . .
Q-J
917,130
See text
1st mortgage. $2,500,000. gf 1905
5 g J-D
500,000 Dec. 1 1025
($500 and $1,0 0 0 )_______ o * /I n t . at Am er. Tr. <5o Sav. Bank, Chicago,
1 Trustee, or at Eliot N at. Bank, Boston.
B o n d s .— Unissued bonds can only be Issued for 8 0 % of cost of property
built or acquired. Are subject to call at 105 and Int. V . 82, p. 868.
S to ck.— The Series A pref. stock Is 6 % cu m ., the Series B Is cum . and
Is ontltled to 2 % In 1906, 3 % In 1907, 4 % In 1908. 5 % In 1909 and 6 % In
1910 and thereafter.
D iv id e n d s .— Dividends from July 1 1906 on both classes of pref. stock
were paid at rates called for up to April 1909, when J i% was paid on both
classes; same amount quar. since to July 1913.
R O A D .— Operates 20 miles of track, Louisville to Sellersburg, with a line
branching off at W atson and running to Charlestown. A t Sellersburg
connects with Ind. & Louisv. Trac. R y . C o ., running to Seymour, whore
connection is made with the Ind. C ol. & So. (Interstate Public Service C o .),
thus forming a through lino between Louisville and Indianapolis. Tho
line from Louisvillo to Charlestown will form part of a through lino botwcon
Louisvillo and Cincinnati. Standard gauge. 70-lb. T rail.
O F F IC E R S .— Pres., Chester P . W ilson; V .-P ., Frank Smith; Sec., Ira
E . Guthrie, all of Indianapolis; Treas., J. F . Strattan, New Albany, In d .—
V . 82, p. 509, 868; V. 94, p. 1626.
(1) United Gas & Electric Co.
O R G A N IZ A T IO N .— Incorporated In Indiana In 1902 and acquired the
New Albany Gaslight & Coke C o.. New Albany Light, Heat & Power Co.
Jeffersonville Electric Light, Heating. Gas & Coke Co. and Jeffersonville
Light & W ater Co.; also controls the Louisville & Southern Indiana Traction
Co
Does entire gas and electric-lighting business In New Albany and
Jeffersonville, and supplies also Port Fulton, Silver Grove and Clarksville.
F ranchises, 45 years In New Albany and 50 years In Jeffersonville from 1902;
in other towns from 20 to 40 years. Guarantees the $250,000 flrst mortgage
bonds of New Albany Street R y . Co.
STOCK A N D B O N D S —
D a te .
In te re s t. O u ts ta n d in g .
M a tu r ity .
$tock, $ 1 , 0 00 ,0 00 ($ 10 0 ) .......... - ....................... - - - - - - $ 1 , 0 00 ,0 0 0 ........................
First mortgage $750,000 ( $ l .- f 1902
5 g J-J
702,000
See text.
000 ) g o l d .............. c*( Interest
at American Trust & Sav. Bank,
i Chic., Trus., and at Eliot N at. B k ., Bost.
First consolidated m ortgage)
1904
5 g J-J
680,000
See text.
$1,500,000 gold ($500 and / Interest at American Trust A Savings Bank
$ 1 ,0 0 0 ) ..................................c * /
Chic., Trus., or at Eliot N at. B k., Boston.
B o n d s .— $702,000 1st consols are reserved to retire a like amount of
flrst 5s: $70,000 arc reserved for future betterments and improvements
and $48,000 have been retired. Both issues mature serially from 1907 to
1942, but the bonds of 1902 m ay be called at 105 and int.; the new consols
are callable after July 1 1924 at 105 and Int. See V . 79, p. 2458.
E A R N IN G S .— For years ending June 30. Fiscal year changed In 1910
from May 31 to June 30.
F ig u re s fo r 1910 In c lu d e 13 m onths.
■
1912-13.
1911-12.
1910-11.
1909-10.
Gross earnings_________
$317,625
$312,682
$299,369
$305,629
Oper. exp. & taxes_____
202,361
200,702
192,921
188,011
N et earnings..................
In terest................................
$115,264
73,809
$111,980
71,393
$106,448
66,175
$117,618
66,484
B ala n ce...........................
$41,809
$40,587
$40,273
$51,134
O F F IC E R S .— Pres., Chester P . Wilson; V .-P ., Howard L. Olds; Sec.,
Ira E . Guthrie, all of Indianapolis; T reas., J. F. Stratton, New Albany, Ind.
— V . 80, p. 1236; V . 81, p. 1794; V . 82, p. 871; V . 85, p. 737, 1466.
(a)
Louisville & Southern Indiana Traction Co.
O R G A N IZ A T IO N .— Incorporated in Indiana under the General Railroad
Laws In 1903, and Is successor to the Southern Indiana Interurban Railway
Co. Leases the New Albany Street Railway Co. for 25 years from A ug. 1
1903 (with privilege of renewal for 25 years) at a yearly rental of $500, the
Int. charges and taxes and dlvs. of 4 % on $100,000 preferred stock. V . 77,
p. 769. In Sept. 1904 acquired the Highland R R . for $10,000 In bonds;
V . 79, p. 1643.
In Dec. 1905 acqulied the Jeffersonville City R y. See V .
61, p. 1792.
Is controlled by tho United Gas & Electric Co., which see
above. F ra n c h is e s owned are for 50 years; also permitted to carry freight
STOCK A N D B O N D S —
D a te .
In te re s t. O u ts ta n d in g .
M a tu r ity .
Common, $2,000,000 ($10) - - . - -----------------$2,000,000 .
___
Pref 6 % cum. $1,000,000 ($10) ---------------------434.980
__
First mortgage $ 1 , 0 0 0 , 0 0 0 ) 1903
5 g M-S 15 1,000.000 Sept.15 1923
gold ($500,000 and $ 1 ,0 0 0 )/In t. at Amer. Trust & Sav. Bank, Chicago.
and U . S. Trust Co., Louisville, Trustees.
c * ---------------------------------------- j
New Albany St. R y $ 2 50 ,00 0/ 1902
5 F -A
250,000 Aug. 1 1927
($1,000) guar ptln * Inter) Int, at U . S. Trust C o., Louisville, trustee.
B o n d s .— 1st M . bonds have no sk. fd., but arc subj. to call after 10 yrs. at
105 & Int. See V . 77, p. 769, 2339.
New Albany St. R y. bonds are subj.
to call on any Int. date at 105 & Int. and are guaranteed by United Gas & E l.
R O A D .— Operates 33 miles of track, Including 10 A miles leased from
New Albany Street R y. and also line between New Albany and Jefferson
ville. and city lines In Jeffersonville. An extension to Louisville was com
pleted In Sept. 1905.
Has a contract with “ Big Four" R R . for the use
of Its bridge over Ohio River and with Loulsvllie Railway Co. allowing Its
ears to enter Louisville
Has erected an Interurban terminal on Third S t..
Louisville. Girder rails, 90 lbs., T rails 75 and 77
lbs.
O F F IC E R S .— Same as for Louisv. & N or. R y . & L tg. C o .— V .8 1 ,p. 1792.
Jan , 1914.J
E L E C T R IC
LOWELL, MASS.
L O W E L L & FITCH BURG STREET R Y .— A trolley road.
In 1913 W . W . Sargent, Pres, of tho Fitchburg & Leominster St. R y ..
and associates acquired control.
O R G A N IZ A T IO N .— incorporated In Massachusetts In 1003. 1
STO C K A N D B O N D S—
D a te .
In te re s t. O u ts ta n d in g .
M a tu r ity
$275,000
Stock, $275,000. $10 ) .................................. ................
First mortgage, see t e x t ____ 1 1908
5 g J-J
275 000 Jan. 1 1926
gold ($1,000) no s f _______/Su b ject to call at 105 and Interest.
B o nds.— First mtgo. was originally for $ 1 ,000,000, but has been closed
a t $275,000.
.
_.
E A R N IN G S .— For year ending June 30 1913, gross, $57,545; net, alter
taxes, $18,805.
■
•
J i J 1 • • -1
•
R O A D .— Operates 14 miles between North Chelmsford, a suburb of
Lowell, and the village of Ayer, with a spur running from North Clieimford to Westford; connects at North Chelmsford with Lowell S t. K y.
and at Ayer with Fitchburg & Leominster S t. R y . Has 7 passenger
cars, 1 snow plow and 2 other cars.
O F F IC E R S .— Pres., \V. W . Sargent; V .-P ., O . F . Baker; Sec. & T reas.,
R . N . W allis, all of Fitchburg . M ass.
________
McALESTER, OKLA.
C H O C T AW R A I L W A Y & LIGHT I NO CO.
O R G A N IZ A T IO N — Incorporated In June 1005 as successor to the
Indian Territory Traction Co. and Choctaw Electric Co. Does a fre ght
business and furnishes power for lighting. Light and power franchise
perpetual; railway franchise expires In 104J.
STOC K A N D B O N D S—
D a te .
In te re s t. O u ts ta n d in g .
M a tu r ity .
Stock, com .. $750,000 ( 5 2 5 ) ...........................................
$740,900 ......................
‘S i i» 0 8
"5 M -S "
OOO^SOO M a V .Y l9 3 t
1 ($ 50 0 and $ 1 ,0 0 0 ) ................ /M cAlester Trust C o.. Trustee.
non ds — Int. at Colonial Trust & Sav. Bank. Chic.; N at. City Bank,
N Y and Mercantile Tr. Col. St. Louis. Bonds are subj. to call after 1913
at 105
Remaining bonds m ay be issued, under certain restrictions, for
add'ns and acquisitions. V . 8 8 , p . 1619. $18,500 have been retired through
sinking fund.
E A R N I N G S .— For cal. year 1913, gross, $208,792; net, $8,189; 1912,
gross, $200,397; net, $80,737.
R O A D .— Operates In cities of McAlester and Hartshorne, and an Inteiurban over private right of w ay, between the two cities. 23.26 m . of track
Standard gauge; rail, 60-70-lb. T .
12 passenger cars, 7 other cars
O F F IC E R S .— Pres., W illiam Busby, M cAlester; V .-P . & G en. M g r .,
L . E . Fischer, St. Louis, M o .; T reas., Russell Palmer, St. Louis, M o .;
Sec. & A u d ., B . R . Stephens, M cA lester.— V . 88, p. 1619; V . 07, p. 175.
.
McK e e s p o r t , p a .
PITTSBU RG H M cK EE SPO R T & W E S TM O R E LA N D R Y .
Sale.— Tho road was bid in at tho receiver’s sale on Feb. 25 1913 by A n
drew Peck, I. I. Robertson (former President and Vlce-Prcs., respectively)
and W illiam Chilvers. Compare V . 96, p. 301, 716.
O R G A N I Z A T I O N .— Incorporated in Pennsylvania In 1906, and on
Jan. 29 1010 took over tho Plttsb. & Westmoreland R y . C o . ( V . 90, p. 111).
Franchises perpetual and permit tho carrying of freight and coal.
R O A D .— Runs between Irwin and M cK eesport, about 11 miles, using
W est Penn R y . into M cK eesport. Gauge, 5 ft. z y 3 inch. 70-lb. T rail
and 73 and 00-lb. girder.— V . 80. p. 994; V . 90, p. I l l ; V . 03, p. 1387;
V . 96, p . 361, 7 1 6 . _________________________ _
71
R A IL W A Y S
E A R N I N G S .— For years ending D ec. 31:
„ ,
,
„ ,___
D e c. 31
Gross
N e t (a fte r
In te re s t
P referred
Balance.
Years—
E a rn in g s .
T axe s).
o n N o te s.
D iv id e n d s .
S u rp lu s
1912______ ______ ..$ 1 4 0 ,9 1 5
$43,672
$3,145
$10,000
*52 9 ’nn2
1 9 H _______________ 120,463
35,905
--------10,000
H as 3 gas holders and over 50 miles of mains, &c. Output now exceeds
100,000,000 cu. ft. per annum.— V . 9 3 , p . 942, 1537.
(3) Central Georgia Power Co.
'
^
Georgia L t ., Power & R ys. owns $ 3 ,660,000 stock and $590,600 notes.
O R G A N IZ A T IO N .— Incorp. In Ga. on M ch. 4 1907 as Bibb Pow. Co. and
in Jan. 1908 changed name to present title. Began operations June 1 1911.
STO C K A N D B O N D S—
D a te.
In te re s t.
O u ts ta n d in g .
M a t u r it u .
sjfnrk 54 000 000
_ _____ - _____
___ - - - - $4,000,000 -------------------5 M - N 3,000,000 M a y 1 1938
Mtge,' $ 3 ,0 0 0 ,0 0 0 ,'g ($1,000,1 1908
$500 & $100, or £ e q u iv-)) Windsor Trust C o ., N ew Y o rk , trustee,
alent) ........................... c*&r*J
Votes
_ _ _ _ _ _ _ _ _ _ _ _ _ _ __ _ _
_________
o9 0 ,000
——————————
B o n d s .— In t" on bonds Is payable at office of A . B . Leach & C o.. N . Y ..
or Bank of Scotland, London. Subj. to call at 105 and lnt. for sk. fd . cr
in y or all at co’s option on any lnt. day beginning M ay 1 1913. Sk. Id
of 1% of bonds out begins In 1913. V . 88, p. 1199.
E A R N I N G S .— For 12 m os. ending April 30 1913 , net, $231 ,33 8.
P R O P E R T Y .— Owns hydro-electric plant (capacity 16,000 elec. h . p .,
ultimately to be Increased to 24,000 elec. h. p.) on Ocmulgee River, near
Jackson. Transmission lines extend to M acon , Forsyth, Jackson, Bibb,
Barnesville and G riffin, connecting at the last-named point with the line
of the Central Georgia Transmission C o . (whose entire capital stock and
notes are owned by G a. L t ., Power & R y s .), running to H am pton and
Atlanta. Total length o f transmission lines, 125 miles.— V . 93, p . 1536,
1670.
___________ .
_________
MADISON, WIS.
SOUTHERN W ISCON SIN R A I L W A Y CO.— A trolley road.
O R G A N IZ A T IO N .— Successor to the Madison & Interurban Traction C o.,
« hlch was Incorporated In Jan. 1905, and on Sept. 1 1905 purchased the
dad Ison Traction C o., which was Itself successor to the Madison Electric R y.
LranchU es expire In 1932, 1938 and 1944. and are practically exclusive.
STOCK A N D B O N D S—
D a te .
In te re s t.
O u ts ta n d in g .
M a t u r it u .
$50,000
n o ck , $100,000 ($ 1 0 0 ) ............................................. - - uad & lnterur Trac 1st mtge) 1906
5 g M -N
660,000 M ay 1 1 8 3 1
3585,000
gold ($1,000) . c*] Int. at Citizens’ Sav. & Tr. C o., C lev e..T ru s
Gen mortgage, $2,000,000 g\ 1907
5 g J-J
500,006 June25 1932
($500 and $ 1 ,0 0 0 )_______ c ’ /I n t . at Merch. Loan & T r. C o., Chic., trustee.
B o n d s .— M ad. & Interu. Trac. m tge. was for $1,2 0 0 ,0 0 0 , but m tge. was
closed and only $685,000 issued, the balance being canceled. W hole Issue
callable on any Int. date at 102 and lnt. on 60 days’ notice. Originally
bonds had no s. f ., but by terms of supplemental m tge. $10,000 was made
payable Aug. 20 1912, $15,000 A ug. 20 1913 and $ 20 ,0 0 0 annually on each
Aug. 20 thereafter until maturity. V . 92, p. 1566. $10,000 bavo been
canceled. O f the gen. m tge., $675,000 are reserved to retire above prior
liens.
R O A D .— Owns 14 miles of standard-gauge track. Including lines In Madlion, and extension to Fair Oaks, Elmslde, Lake Park Cemetery and bouth
Vlad Ison.
R E P O R T .— Year ending D ec. 31 1912, gross, $228,586; net (after taxes
and after $10,301 deprec.), $80,918 . In 1911, gross, $196,303; net, after
taxes, $83,575 .
O F F IC E R S .— Pres., F. VV. Montgomery: V .- P ., Dudley Montgomery!
Seo. & Treas., Warren Montgomery; Su p t., D . M ontgom ery.— V . 7 » .
0 . 501; V . 80, p. 1174; V . 83. p . 96, 156; V . 92, p . 1566.
MACON, GA.
MANCHESTER, N. H.
GEO RG IA LIG H T, PO W ER & R A IL W A Y S .
O R G A N IZ A T IO N .— Is a voluntary association formed under Massa
chusetts laws in Sept. 1011. Has acquired all tho com. stock o f M acon R y.
& Light C o. practically all tho com . & pref. stocks of M acon Gas C o ., $ 3 ,
660 000 [of tile $ 4 , 0 0 0 , 0 00 ] stock of the Central Georgia Powor C o . and tho
entire capital stock of tho Central Georgia Transmission C o . Also owns
over $ 1 , 3 0 0 ,0 0 0 6 % securities of Its constituent companies issued for new
construction, &c.
STOC K A N D B O N D S—
D a te .
In te re s t. O u ts ta n d in g .
M a tu r ity .
Common, $8,000,000 ( $ 1 0 0 ) ...........................................$7,660,600
......................
Pref $2,000,000 6 % n - c .( $ 1 0 0 ) ------Q-J
500,000 A p r ’ 13 1H
First lien m tge., $ 6 ,5 0 0 ,0 0 0 / 1911
5 M -S
3,280,000 Sept 1 1941
gold ($ 1 ,0 0 0 )_________ c*&r\New York Trust C o.. New York. Trustee.
Stock a n d B o n d s.— Pref. shares are callable at 110 and are pref. as to prln.
and dividend; are listed on Pittsburgh Stock Exchango. Com m on stock
is listed on Pittsburgh, Chicago and London stock exchanges. The
remaining $3,220,000 first lion bonds are reserved under caroful restrictions
for acquisition of other securities and for extensions and im pts. Bonds are
secured by deposit of all the securities owned by G a . L t. P . & R ys. Red. at
105 & lnt. on any int. dato on 30 days’ notico. Prln. & lnt. payable at office
o f A . B . Loach & C o ., N . Y . , or Bank of Scotland, London. Annual sk. fd.
# 5 0 ,0 0 0 1016 to 1920, $75,000 1921 to 1925 and $100,000 1926 to 1940.
V . 93, p. 1532. Bonds are listed on Chicago, Pittsburgh and London stock
exchanges.
D iv id e n d s .— D lv . of 1 / 4 % was paid in Jan. 1913; April, \ Y t % .
E A R N I N G S .— For the 12 m os. end. D ec. 31 1012 (with tho extension
to Atlanta only completed In Sept. 1912), interest, dlv. and surplus earn
ings accruing to Georgia L t ., Power & Itys., $260,050; less all incomo de
ductions, incl. int. charges and general expenses, & c., $144,320; balance
applicable to dividends, $115,730.
P R O P E R T Y .— Through controlled companies operates entire electric
railway and gas business in M acon; furnishes electric light and power in
M acon, M onticello, Forsyth, Barnes ville, Griffin, Bibb and Ham pton, G a .;
also sells a largo amount of electricity In Atlanta,
_ ,
O F F IC E R S .— Pres., Phillip G . Gosslcr, N . Y .; V .- P ., .1 D Everett;
Sec. & Treas., Herman S. Swift; Asst. Sec. & A sst. T roas., W . E . Fulcher.
— V . 93, p. 1532, 1668; V . 94, p. 630; V . 95, p. 544.
M AN CHESTER TR A CT IO N . LIG H T & P O W E R CO.
O R G A N IZ A T IO N .— Incorporated In 1901 In New Hampshire and com
prises the several light, power and street railway properties In and acrouna
Manchester. The company owns the stock of the Manchester Electric C o .,
which controls the Manchester Electric Light Co. and the Manchester Street
tty.; also owns entire $175,000 stock of the Manchester & Derry Street R y .
Vtanchester S t. R y . stock now authorized and Issued, $ 1 ,219,500.
In June 1906 Manchester Traction Light & Power acquired Hie entire
$200,000 (now $240,000) capital stock of tne Goffs Falls Litchfield & Hudson
street R y . (name changed In Feb. 1007 to Manchester & Nashau otreet
Ry.) and Issued $350,000 stock to pay for the same and to provide cost or
I nprovements. & o . See V . 82, p. 1380.
. , _ _
In N ov. 1908 the Com m , authorized the Manchester Trao. L t. & Pow. c o .
to issue $400,000 additional stock to take over the stocks of the Manchester
& Nashua St. R y. and the Manchester & Derry S t. R y . A t the same time
the Comm, authorized an Increase of $40,000 In stock of the former com
pany and $50,000 Increase In latter com pany’s stock. V . 87, p. 1420.
In N o v . 1913 the shareholders voted to purchase the $600,000 stock of tne
N ashua Light, Heat & Power C o ., each share to receive one share of stock
of Manchester T rac., L t. 3s P . C o . and $40 in cash. V . 97, p . 120, 1 8 0 ,
1583, 1895.
F ra n c h is e s perpetual.
ST O C K —
D a te .
In te re s t. O u ts ta n d in g
M a t u r it y .
Stock, $5,000,000 ($100)............................
Q-J 15
$2,800,000 J a n ’ 14, 2 %
First consol mtge, $ 2 ,0 0 0 ,0 0 0 ,/ 1901
5 g A -O
1,750,000 April 1 1921
gold ($1,0 0 0 ).............c *-n tf]In te re st at American Trust C o.. Boston, Tr.
Manchester Electric Light Col
_ '3 ,
first mortgage, $ 2 50 ,00 0. t f j 1897
5 g A -O
250,000 O ct. 1 1 9 1 7
Goffs Falls LItch 3c Hud 1st M l 1906
5 g J-D
200,000 June 1 1926
eold $300 000 ($ 1 , 000 ) . . t f l Interest at American Trust C o., Boston, Tr.
Man & Derry St R y 1st m tgc.l 1907
5 J-D
125.000 Deo 1 1927
$500,000 ($1,000), guar, t f lin t, at American Trust C o., Boston. Trustee.
B o n d s.— Of the new first consolidated mortgage $250,000 are reserved to
retire the bonds of the Manchester Electric Light Co. The Goffs
Falls Litchfield & Hudson and the Manchester & Derry S t. R y . bonds
arc guar. prln. and lnt. by Man. T rac., L t. & Power Co.
R O A D .— The different roads controlled comprise 64.058 miles of track as
follows: Manchester Street R y ., 41.368 miles; Manchester & Nashua Street
R y. (formerly Goffs Falls LItch. & H ud. S t. R y .) , 14.335 miles; Manchester
& Derry S t. R y ., 8.355 miles.
D iv id e n d s .— First dividend of 3 % on July 15 1901, In 1902, 6 % ; In 1903
(changed to quarterlvi, 7 IS % : In 1904, 6 % : In 1905, 6 % ; In 1906, 7 % ; In
1907. 8 K % ; 19 0 8 to 1912, incl., 8 % per annum: 5 % extra dlv. in 1911-12;
In 1913, Jan ., 2 % ; April, 2 % ; July, 2 % ; O ct., 2 % . In 1914, Jan ., 2 % .
R E P O R T .— Of the Manchester Street R y . for years ending June 30 :
Gross
N e t. I n t . A T a x . ‘ D iv id e n d s . S u rp lu s .
1912-13 ............................$463,021 $104,732
$19,686 (6 % )$ 7 3 ,1 7 0 $11,875
1911-12
412,532
93,704
16,324
(6 % )7 3 ,1 7 0
4,210
1 9 1 0 - 1 1 - 1 - - - .................. 397,519
93,999
12,691
(6 % )7 3 ,1 7 0
8,138
• This Is dividend on Alanchester Street R y . stock.
E A R N IN G S .— Of Manchester Trac., Light & Power Co. for year end
ing June 30 1913, gross, $506,050; net, $369,956; other income, $74,951;
interest and taxes, $135,151; dividends ( 8 % ) , $224,000; surplus, $85,756.
O F F IC E R S .— Pres., E . C . Foster; V .-P . & Gen. M g r ., J. Brodie Smith;
Clerk, Edwin F. Jones; Treas., S. Reed A n thony.— V . 87, p. 1160, 1420;
V . 93, p. 1787; V . 97, p. 117, 176, 1583, 1895.
(1) Macon Railway & Light Co.
Entire com . stock Is owned by Ga. L t ., I ow. & R ys.
O R G A N IZ A T IO N .— Incorporated in Georgia on O ct. 23 1902 by the
Railways & T lght Co. of America as a consolidation of tho Macon Consoll
dated Street R y .. the Macon Electric Light & R y ., the North & South
Macon Street R y. and the Metropolitan Street R y. The city ordinance per
mitting tho consolidation, passed on Sept. 16 1903, granted a 50-year
fra n c h is e . For terms, see V . 75, p. 733.
,, , „
ST O C K A N D B O N D S—
D a te .
In te re s t. O u ts ta n d in g .
M a tu r itu .
$887,700 M c h ’ 1 3 ,3 %
Common, $900,000 ($100)................................................
Pref., $300,000 ($100) 6 % c u m ____
6 A -O
283,000 Apr ’ 13, 3 %
Macon R y & Lt 1st cons m tge/ 1903
5 g J-J
959,000 Jan 1 1 9 5 3
g, $1,000,000 ($ 1 ,0 0 0 ) --C * /I n t . at Equitable Trust C o ., N . Y . , trustee.
Macon Elco L t & lt y 1st m tge/ 1899
6 g J-J
_
42,500 Jan. 1 1929
$100,000 ($500) gold____ c * /I n t . at Equltablo Trust C o ., N . Y . , trustee.
B o n d s .— Macon R y . & L t. 1st consols are subject to call on any Interest
date at 110 and int. $41,000 bonds, $12,300 com . and $16,400 pref. stock
are held by Savannah Trust Co. to retire the $42,500 bonds remaining out
See V . 76. p. 212.
„
„
D iv id e n d s .— 6 % per annum has been paid s .-a . on pref., 1903 to April
1913 incl. On com. 1st dlv.— 3 % — paid July 1910; Sept., l t f % .
In
1911, Jan ., 1 K % ; July, 3 % . In 1912, 6 % .
In 1913, M a r ., 3 % .
y R O A D .— Owns and operates about 36.63 miles of track, all of which has
been ro-laid with 70-lb. rails. 61 cars,
t E A R N I N G S .— For years ending Dec. 31:
Y e a r end.
Gross
N e t (a fte r I n t . on
P fd .D iv .
Com m on
B a la n c e ,
D e c. 31. D a rn s .
Taxes). B d s .,& c . ( 6 % ) .
D iv id e n d s .
S u rp lu s .
1912
.
$554,742
$219,264 $58,477 $17,016
(6 % )$ 6 2 ,1 3 9
$81,632
1 9 1 1 . . . 512,550
214,439
51,800
17,016
...........................................
O F F IC E R S .— Pres., W m . II. Felton: V .-P s ., P. G. Gossler and T . F.
W ickham ; Sec. & Treas., Richard Oudorsluys.— V . 86, p. 4 21, 1664; V . 89,
p . 529; V . 9 1 , p .9 4 5 ; V . 93, p. 1532; V . 97, p. 1286.
(2) Macon Gas Co. _
m
„
, ,
'
_
O R G A N IZ A T IO N .— Incorp. In Ga. In 1852. W as formerly Macon Gas,
L t. & W ater C o., but In Oct. 1911 transferred Its water plant to tho olty
and changed name to present title. Controls entire gas business of Macon,
Praotlcally all tho $300,000 com . and $210,200 pref. stock Is owned by Ga.
L t ., Power & R ys. Company has no bonds.
MANISTEE, MICH.
M A N IS T E E R A I L W A Y C O .
Successor to Manistee L t. & Trac. C o ., sold at foreclosure In 1912. Gas
and electric departments were taken over by the M anistee Pow. & L t. C o.
Does the street railway business in M anistee, Filer C ity and Parkdale.
F ra n c h is e 30 years from 1904.
R O A D .— Operates 10 miles of track. Gauge 4 ft. 8 H in. 35 to 100-lb.
T and 85-lb. girder rails. 28 cars. Operates a 50-acre park on Lake M ich.
O F F IC E R S .— M g r ., Charles E . Ruger.— V . 85. p. 864; V . 88, p. 158.
MARION, ILL.
COAL BELT ELECTRIC R Y .
In 1904 passed Into control of the S t. Louis Iron Mountain & Sou. R y . Co.
STO C K A N D B O N D S—
D a te .
In te re s t. O u ts ta n d in g
M a t u r it y .
$300,000 .......................
Stock. $300,000 ($100)...................................................
72
E L E C T R IC R A IL W A Y S
S1 > a £ ^ « £ ? ’7 ' For flsc.a, ' y? ar ending June 30 1013, gross, $63,436 ; net,
$i8:ooo:s0u r X ?5T i°5.? ,100: taxes> &C-’ $12’701: cora- div- (6%)-
[V o l . XCVIII
MEMPHIS, TENN.
MEMPHIS STREET RAILW AY CO.
H e«?nAD-i7a°nPdarad e|aSe4.3 M ta % -lb ^ T ?a°L Mal,° n t0 Carterv,,,e and
stock 6r' CltIes C o ’ {see under N ew Orleans) owns 8 6 % com . and 8 8 % pref
J
■S,G$ g’ L G°.U,& V .-P
E . J. Pearson; Gen. M gr.,
J O *T
?• Y ‘ I r,a" d: T reas., fc\ M . nick m an; G en. A u d.
J. G . Iilvergood, S t. Louis; Su pt., W . E . JBrooks, Illm o, M o .
° ™ ; r Ch^ ere£ ln.T e naeJsee on March 28 18957and conlolWeted with the Citizens S t ., East End S t .. City & Suburban and M em
phis & Raleigh Springs lines; franchises run until N o v . 1945. Does the
somK
UM Y'
“ bu,6s
MATTOON CITY. ILL.
CENTRAL ILLINOIS PUBLIC SERVICE CO.
^ ^ ^ ^ ^ ^ P N . ^ n e o r p , . In Illinois in 1002 as the M attoon C ity R y.
aad.® a A.u *- a5 * 1 9 1 ° changed its name to the above. V . 01, p. 655. Up
di d . I? e^P ? an electric light, power and heat business in
M attoon and an electric light and power business in Charleston and Kansas,
°iPerat^tog street railways in M attoon and Charleston and an
Interurban railway between those two points. B u t on July 20 1012 inone ASii^ °,a? »i% K ^ k fr°™ *330,000 to $6,000,000 ($2,500,000 pref.), and
?p
n.,A
a
£Qui ri ng additional public service properties in Centrai. Southern and W estern Illinois, doing electric light and power, gas and
Aln1rets i aiUo i:
iness. For list of properties see V . 05, p . 1744. On
Sa*v ' B k 8 Chicago & 1St and ref' m tge. to the Continental & C om m . T r . &
c o ^ f „ K,^ o D o ? o ° ™ 8; z ? D“
-
I n ' " e“ -
‘S
Preferred 6 % cum. $2,500,000 ____
F1f.\ 0ann(
ref'
mt« ° -
KOldT 1012
<bb: \
e S
a
t -
2 .5 0 0 000
5 F -A
.......................
S.OOOIOOO A u g " i 'I o 5 2
f pw“b'6 “>Nra Y” k-
0 00 o w n e d )________ ______ 1
10-year gold debentures______" 6 % ”
’ l 3 5 ’ 000
A iirm irfn ^ T h n n /i^ o3,11^ r.cf‘ b° nds ,aro red. at 105 on any Interest "date".
Additional bonds m ay be issued under certain restrictions. See V . 05, p.
J^44- ° f the underlying bonds (covering 13 of the properties), the com
pany has in its treasury $456,000, which it will, as itm a y require additional
funds, exchango for its own bonds, par for par.j
" ^
7
™
R O A D .— Owns street railways in A nna, M attoon . Taylorvlllo "a rid
Charleston. The Central Illinois Traction C o ., whoso stock and bonds
are deposited under the mortgago, owns an Interurban railway between
n a? d Charleston and a street railway In Paris. It is contemplated
ater to extend the Interurban to a connection at Paris with an interurban
lino now operating between Paris and Indianapolis.
O F F IC E R S .— Pres., Marshall E . Sampsell; V .-P ., F. S. Peabodv- Sec
? » ^ . ’A ^ 8 r « r J : 8 b»- * * “ ■»•
ffS:
MAUCH CHUNK. PA.
fc s o w . 1912 tor <160.000. paym ent to bo ma<lo in “ o j “ r S k o v t e w
Traction bonds bearing 2 % Int. for 2 yearn, 3 % for 3 years, 4 % for 8 yeara
and 5 % for the last 7 years. V . 96, p. 863.
y
'
years
Decision as to Fares.— On Sept. 7 1007 the Supreme Court of Tennessee
rendered a decision holding invalid the Malone ordinance providing for
certain reduced farts. V . 85, p. 654. Tho Supreme Court has confirmed
the co. s franchises in all respects, including right to charge 5-cent faro.
ST O C K A N D B O N D S —
Date. Interest. Outstanding.
M aturity
0 o m ., $2,500,000 ($100) .........................................
$2,500,000
Deo . ’ 13 1 %
Pref., $2,500,000 5 To, cu m ., 1
’ /0
5 Q -M
2 ,500,000
D e c . '13 I K
($I00)red at HO&accr d l v s / ____
Oons. m eg.. $10,0 0 0 ,6 0 0 ,
11905
5 g J-J
8 ,761,000
July 1 1 9 4 5
gold (see t e x t ) ............... c*& rlInterest at Central Trust C o .,N . Y . Trustee.
Oits. St. R R . 1st M ., ($1,000)1 1887
6 g J-J
906,000
Jan. 1 1916
gold, no s f, not red_____ c * /I n t . at A m . E x . N at. B k. of N . Y .
2-yoar gold deb notes.................. 1913
5 g M -N
1,000,000 N o v 1 1 9 1 5
B o n d s .— Of the $10,000 ,000 new bonds, $906,000 are reserved to retire
Citizens S t. R R . bonds. They are ln denominations of $1,000 coupon and
$10,000 registered. Are not subject to call. Sinking fund $25,000 per
annum, 1910-14; $30,000 , 1015-19; $35,000, 1920-24; $40,000 1025-29 and
552’0.0. ° , , 193P*4 5 ’ Bonds In sinking fund arc kept alive. See V . 83, p.
628, 1406. $75,000 was held In sinking fund D ec. 1913. O f tho bonds re
ported outstanding $177,000 aro in the troasury. S. P . Read and M . S.
Buckingham aro trustees o f Citizens’ Street R R . m tge.
Dividends .— O n prof, stock 5 % paid sinco issuance up to and including
D e c . 1013. On co m ., first div.— 1 % — paid Juno 1012. In 1 9 1 3 , M a r ., 1 % :
U6C* t 1 77q .
R E P O R T .— For year ending Dec. 31:
1013
Gross Earns
Net after Taxes. I n t . & S k . F d .
Surplus.
.......................$1,998,364
$702,098
$508,364
$193,734
........ .............. 1,937,308
712,175
481,298
230,877
...................... 1,800,496
700,660
464,326
236,33
Passengers carried in 1 9 1 3 ,4 0 ,8 0 0 ,0 6 9 , against 4 8,408,486 in 1 0 1 2 .
R O A D .— Owns 124.74 miles o f track, of which 49.10 miles s double
track in M em phis and suburbs.
Rails 60 to 80-Ib. T to 107-lb girder
311 passonger and 24 miscellaneous cars.
O F F IC E R S .— Pres. & Gen. M g r ., T h os. II. Tutwiler; V .-P . L E
Wright; Sec. & Treas., W ..H . Burroughs; A u d ., L . Lo M a y .— V . 8 s ’ p 564
V . 02, p. 118; V . 94, p . 1627; V . 96, p. 863, 1022.
CARBON TRANSIT CO.—A trolley road.
O R G A N IZ A T IO N .— Incorporated In July 1008 ln Pennsvlvanla as a rPPrnnprZfat\°nh V 110iCarbon
R y ’ sold at foreclosure sale May 16 1008Property is being Improved by reconstruction, new equipment; & o .. in-
sa te aeo,a»T .S T viK i^
s m °.%uoS
<•
°“iS !S -
wm°a:~ . . DT-:
l 8 *™ n ?e Jpih0,000 ( ,1 ° ° an d/ T180?
$5001 gold........................... o * lIn t. At
„
,
l P a .,
Sem n n »mtf „
i ? 0 '000 Soldi 1910
S himi00 f - • ' V a' tS ! 1 In t- at
Current liabilities June 30 1 0 1 3 ........
„ 8 « F -A
150)000 A u g ""l" 1533
Mauch Chunk T r. C o., Mauch Chunk,
trustee,
5 g J-D
27,000 June 1 1040
Mauch Chunk T r. C o., Trustee.
...............
2 1 ,0 0 5 ____________
. ' P ° nt * - - F \ r * K m t ZS- bonds m ay be called at 105 and lnt. on any’ lnt."day
after A u g. 1 1913. Second m tge. bonds are red. ln any amount on any lnt.
day after June 1 1915 at 105.
. i ? £ ? . N I NG.S. - T F£ r tho year endln« June 30 1013, gross, $53,801; net.
$16,581 ; bond lnt. & taxes, $0,503; surplus, $ 6,088.
R O A D .— Comprises 12 H miles of track; 24 cars. Owns about 425 acres
of valuable real estate, Including 75 acres on “ Flagstaff H eights.”
O F F IC E R S .— Pres., V al. Sm ith, Waynesboro; V .- P .,C .H .L a t t a . Bethle
hem; Sec. and M gr., J. F . Gelser, Mauch Chunk; Treas.. Jno. M W olff.
W aynesboro.— V . 90, p. 1674.
0 ,u>
MEADVILLE, PA.
MESABA, MINN.
MESABA ELECTRIC RAILWAY CO.
O R G A N IZ A T IO N .— Incorp. on Feb. 19 1912 In Maine as a holding
company to own all the stock of the Mesaba R y . C o., which company was
Incorporated ln Minnesota ln Jan. 1911 as an operating company to build
a passenger and freight electric road on the Mesaba Iron Range, M inn.,
connecting the towns of Hlbblng, Chisholm, Buhl, Mountain Iron, Virginia,
Eveleth and Gilbert, a distance of about 36 miles. V . 94, p. 1317. Road
Is on private right of way except in towns, with steam road construction.
Placed in operation M arch 1 1913.
Tho first $1,000,000 M esaba R y . 1st 5s were underwritten on basis of
$1,000 bonds, $500 pref. and $750 com . stock (of M esaba Elec. R y .)
for $1,200 cash.
ST O C K A N D B O N D S—
D a te.
In te re s t.
O u ts ta n d in g . M a tu r ity .
Common $2,500,000 ($ 10 0 ) .........................................
$1,575,000 .......................
Pf $1,250,000($100) 7 % n-C.......................................
550,000 .......................
Mesaba R y 1st M $2,500,0001 1912
5 g M -S
1,100,000 Mch 1 1033
gold ($1,000) sink. fund_o*JInt. at American Tr. Co., Boston, trustee.
B o nds.— Remaining bonds are reserved for future additions, im pts., & c .,
Subject to call as a wnolo or in part for sinking fund at 105 & lnt. S in k in g
f u n d , 2 ) 4 % of total bonds certified, begins Jan. 1 1917.
O F F IC E R S .— Pres., G eo. D . Appleton; S e c., Merrill Griswold; T reas.,
S. F . Shannon.
O ffic e rs o f M esaba R y . (operating co .)— P res., Oscar M itchell; V .- P .,
R . W . W atson; Sec., B . It. Honey; Treas., P . L . Saltonstall; Gen. M g r ..
H . S . N ew ton.— V . 94 , p. 1317.
NORTHWESTERN PENNSYLVANIA RY.
O R G A N IZ A T IO N .— Incorporated In Pennsylvania In March 1911 aa
successor of the M cadvlllc & Conneaut Lake Trao. C o., V 02 d 187 fa hom
ing com pany), and Its controlled companies, the M eadvillc Trao Co (V 0 2 .
1 . 262) and the People’s Incandescent L t. C o., V . 02, p. 1033
F ra n c h is e *
u MeadylUe expire in 1944. Interurban fra n c h is e perpetual. Affords con
nection for Penn. R R . System with Meadvllle.
In the latter part of 1012 purchased the Erie Traction C o. and the M ead villo & Cambridge Springs Street R y .
wieau
Has made an offer to Erie R R . to purchase for $150,000 Its old main line
track between M eadvillo and Cambridge Springs, which Is to be abandoned
when the Erio completes Its new double tracks at low grade. I f offer is ac
cepted, this company will abandon its own lino to Cambridge, oxcopt a 4mfle spur to tho Country C lub, and will use tho old Erie main lino Instead,
t h ^ e b y c u tth r g down the running timo between M eadvllle and Erie to
ft
F ranchises .— There aro 23 franchises, of which 16 are perpetual, 3 for 09
years, and the shortost one does not cxplro until 1 9 3 7 .
STO CK A N D BON DS—
D a te .
In te re s t.
O u ts la n d in a . M a t u r i t y
Common, $1,000,000 ($ 5 0 )___ ______
____
__ s i non non
^
Pref., $500,000 ($50) 5 % n o n - o ........
..........." " * non non .........................
First mortgage. $ 1 ,2 5 0 ,0 0 0 ( 1 0 1 1
5 g M -S "'
eoolooo M ch " l 'i o S i
gold ( $ 1 ,0 0 0 ) ........... . . o ' t f l l n t . at Central Trust C o., N . Y . , trustee
People’s Incandescent L igh t/ 1900
5%
150.000 Deo 1 19 2 0
. Co. 1 st m tge------------------t f I Dela. Co. T r. Safe Dep. & Title Ins Co ’ trus
1st NT. (Erie D iv .) $ 1 ,5 0 0 ,000tf 1 0 1 2
5 J -D
250,000 Sept 1 1947
2d M . (Erie D iv .) $305 ,0 ° 0. t f 1 0 1 2
See text
305,000 Sept 1 1 9 4 7
Erie T ra c.(E rio D Iv .)$500,0001 1007
5 g J-J
500,000 July 1 10 2 9
gold---------------------- ------- c * t f ( I n t . at Secur. S a v .& T r . C o ., Erie, Trustee
5 M -N
165,000 M a r 1 1018
C ollat. trust notes, $165,0001 1013
($100, $500, $ 1 ,0 1 0 )— c .t f /I n t . at The Sec. Sav. & T r. C o ., Erio, Trus.
S to ck.— Entire common stock 13 held in voting trust.
B o n d s .— Of the 1st M . of 1911, $150,000 are reserved to retire prior liensremaining bonds are for Im pts., extensions and acquisitions under certain
restrictions. SubJ. to call on any Int. date at 105 and Int. Annual s f
o t bonds out begins N ov. 1 1914.
Bonds retired to be kept alive’
V . 92, p. 1033, 1436. O f the $1,500,000 1st M . Erie D iv . bonds, $500 000
are reserved to retiro the Erie Trac. bonds and $550,000 for extensions and
betterments and $200,000 are In treas. S in k , fu n d , 1 % annually, commenc
ing April 1017. Erie Trust C o ., Erie, trustee. T h e 2d M . bonds bear 2 %
int. the first year, advancing 1 % yearly to 5 % .
In t. J .-D . Colonial
Trust C o ., Pittsburgh, trustee. The Erie Traction bonds have a s in k , fu n d
$£ ° / ? r.e,v„erZ & ',JOd ls t M • bond, beginning July 1 1917 (denom. $1,000,
$o,000 & $ 10,000 ). Tho coll, trust notes are secured b y deposit of $200 000
purchasc-monoy mortgage bonds
@FedFRASER