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United States Bonds,
R a ilr o a d ,

Z M Z - u L z r ic i-p a l

AND OTHER

Investment Securities.
HARVEY

F IS K

N E W Y O R K , 29 Nassau Street.

H A R T F O R D , CONN., represented by
R. T. H. B A R N E S ,
Aetna Life Building.

BOSTON, 10 Post Office Square.
P H IL A D E L P H IA , represented by
J A M E S H. C H A PM A N ,
421 Chestnut Street.

O U R L IS T O F

IN V E S T M E N T

& SON S,

C H IC A G O , IL L ., represented by
D. K . D R A K E ,
414 Continental Nat. Bank Bldg.

S E C U R IT I E S

S E N T O N A P P L IC A T IO N .

GOLDM AN, SACHS & CO.,
BANKERS,

Nassau

SCor. o f Cedar Street, New York,
t
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,
e
(B A N K

MEMBERS

OF

NEW

O O M in B R C E

YORK

B U IL D IN G "

STO CK

Z E T ig tL -G k r a c L e

FLAGG

EXCHANGE.

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& W O RC E STE R ,
( S u c c e s s o r s to R eed & F l a g g )

NO.

BROKERS

48

W ALL

AND

STREET,

DEALERS
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YORK.

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OTHER

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BONDS

Manhattan T rust Company.
W ALL STREET, CORNER NASSAU, NEW YORK CITY.

C A P IT A L ,

SURPLUS AND UNDIVIDED PROFITS,

-

$2,600,000

Manhattan T rust Com pany is a Legal D epository tor Court and Trust Funds and General Deposits. Interest paid
on balances subject to cheque at sight through the New Y ork Clearing-House, and higher rates allow ed upon deposits
payable at specified dates or subject to notice.
The Company is authorized to act as Adm inistrator, E xecutor, Guardian and R eceiver; as Fiscal A gent for the pay­
m ent o f Bonds, Coupons, Dividends, etc., o f States, Municipalities, Railroads and other Corporations; as Trustee
under M ortgages or Deeds o f Trust securing Issues o f Bonds, and as Registrar and Transfer Agent o f the Stocks and
Bonds o f Incorporated Com panies; as Trustee o f Estates and Individuals, and fo r the transaction o f all such business
exceptional facilities are offered,

O F F IC E R S .

JOHN KEAN,
>
AMOS T. FRENCH, ’ V ice -P residents .

JO H N I. WATERBURY, P resident .
W. NORTH DUANE, 3 d V .-P res. & T reas .
CHARLES H. SMITH, S ecretary .

FREDERICK DWIGHT, T rust OFFICER.
E. A. SKINNER, A sst . S ecretary .

D IR E C T O R S .
Rudulph Ellis, Philadelphia.
Am os T. French, New York.
James J. Hill, St. Paul.
John Eean, New Jersey.
Daniel S. Lamont, New York.
John H ow ard Latham, New York.

Francis R. Appleton, New York.
August Belmont, New York.
George F. Baker, New York.
H. W. Cannon, New York.
A . J. Cassatt, Philadelphia.
R. J. Cross, New York.

Oliver H. Payne, New York.
E. D. Randolph, New York.
Grant B. Schley, New York.
James O. Sheldon, New York.
R. T. W ilson, New York.
John L Waterbury, New York.

N. W HARRIS & CO.,
BANKERS,

31 & 3 3 PINE ST., N EW YORK.
C H IC A G O .

BOSTON .

Deal Exclusively in Municipal, Rail­
road and other Bonds adapted for
trust funds and savings.
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E stablished 1865.

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JACOB

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T h e INVESTORS’
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C

ommercial

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inawcial

C hronicle.

Entered according to Act of Congress in the year 1902, by W illia m B. D ana Company , in the office of Librarian of Congress, Washington, D. C.
A weekly newspaper entered at Post Office, New York, as second-class matter—William B. Dan a Company , Publishers, 76)4 Bine St., N. Y.

N E W
T

he

I nvestors’

Y O R K , JU L Y 26, 1902.

Su pplem ent.

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M O RTGA G E A BSTRACTS.

An index of the mortgage abstracts which have
appeared in the Ohrortclb may be fonnd in the
IiTVESTOEs’ S u p p l e m e n t of July 1897.
RAILRO AD EVOLU TION .
The Southern Pacific has undertaken to construct
what is probably the longest bridge in the world.
That compands Central Pacific line, when originally
built, was carried around Great Salt Lake from
Ogden. Now, after more than thirty years, the road
is to go west from Ogden direct to the lake and across
an arm of it on 7 miles of trestle, which may after­
wards be filled in, the water being shallow; then 6
miles aoross a peninsula; then about 30 miles by
trestle across the main body of the lake, over water not
more than 30 feet deep; then to join the present line
at Lucln. The present line and the new one com­
pare with each other like bow and string; the new
one, of 104 miles, Is to save about 46 miles between
Ogden and Lucin and to be easier in grades and
curves.
A brief Bpeclal cable mentions a locomotive lately
built for the Great Eastern Railway, England. This
machine Is described aa having five pairs of coupled
drivers, 2,769 square feet of heatlng-surfaoe, two in­
side cylinders and one outside, with extraordinary
tractive power and ability of “ pick-up,” so that it is
expected to attain a 30-mile pace in 30 seconds after
starting, presumably with light load. This quickness
of action Is specially planned and will he valuable,
because It la for use on a short suburban line with
many stations. The case Is one of special adaptation.
As another instance of that nature (which almost
seems at the opposite extreme) there is now in use a

tracklaying machine, which lays in advance of Itself,
as it slowly pushes itself forward, both rails and ties,
requiring only auxiliary assistance by human labor.
With 35 human helpers this machine will lay two
miles of track per day, doing more rapidly what was
done by hand thirty years ago, one gang placing rails
on ties and perhaps another following to spike them.
These examples placed together illustrate how rail­
roads begin crudely and then gradually develop into
completeness.
The first objective is to get rails
down, so as to somehow connect the terminal points,
the course of the line between them being determined
partly by the physical obstacles and partly by the
location of towns which it is thought necessary to
touch. Construction is temporary in character, the
governing need being to get the road open and at
work earning; substantial ballast, solid bridges, re­
moval of curves, and all which makes for permanence,
come gradually. No just complaint can be made of
this, for it is too natural to be avoidable. Railroad
building is a pioneer work. A road must be opened
before really finished, in new country.
Hence what is sometimes condemned as “ over-cap­
italization ” should neither be broadly denounced nor
lamented. Speaking generally, it is probable that
some of onr railroads could now be duplicated for less
than their stock and bonds represent; bnt this fact,
taken alone, has little significance. The facilities for
production of everything which enters into their phy­
sical structure are better now—in great part because
of the existence of the roads— than at the time when
most of them were built. This is one fact In the case;
the other 1 that these roads were, at first, a compar­
b
atively uncertain venture, so that those who embarked
in them required, and were justly entitled to, a larger
margin of possible profit to offset their risks. All this
was part of the foundations, and foundations are not
lost merely because they are burled out of sight. To
lament them as waste, or to imagine they might have
been dispensed with, would be like lamenting the cost
of the experimental work whioh leads up to perma­
nently valuable inventions. The costs of progress
must be paid as the movement proceeds.
Railroad development (meaning by this not expan­
sion, but improvement,) proceeds along three lineaj
inorease of traotive power and speed capacity in the
locomotive, this Inorease being best when it moves
faster than the increase In fuel consumption; dooreaao
in traction resistance of load; increase In solidity and
durability of atruoture—these last two being closely
connected. The largest single faotor has been the

4

INVESTORS’

B'eel rail; yet roadbed, ballasting, rail, bridge and
rolling stock have been growing more massive, of
better material, better put together, and in better
mutual proportions. The road of thirty or forty
years ago could not have endured the movement of
the present trains, nor is it probable that the trains of
that day could have been driven at modern speeds,
even if the attempt had been dared.
What has brought about the present wonderfully
low freight rates is not the power of opposition to
monopoly, but the physical improvements which have
lowered the cost of haul, the practicable carload, for
one example, having been increased fivefold within
thirty years. Passenger rates, it is true, have not
similarly declined, but the conditions in that depart­
ment have not very greatly reduced the cost of oper­
ating.
All this development in physical details has been so
gradual as to be little noticed, but its cumulative re­
sult is the present approximate perfection in trans­
portation. Probably very few persons are aware of
the strikingly large number and variety of a railroad's
purchases ; it is a large consumer, perhaps the largest
consumer, of about everything that is bought with
money. It is a part of the foundations of the country's
prosperity and is linked inextricably with every in­
dustrial interest; so has come about the fact that
there have never been so few foreclosures and receiver­
ships begun as in this present year. So, too, while
admitting that there are other financial contributing
causes, railroad securities have come to be a leading
class of investments, and our largest corporations are
largely resting upon them to-day. If the mutual in­
terdependence of railroads and everything else were
better understood—as it must some time be under­
stood—there would be very much less outcry about
monopoly.
Meanwhile, it may not be amiss to say that just as
an invention which saves a percentage of fuel at once
enters into the investment side as an item in better­
ment, so all improvements in track, in signals, in
rolling-stock, and especially in effectiveness and
economy of motive power are financial factors. Hence
these become suitable and often highly useful topics
as aids to our readers in their investigations; not
merely or chiefly because of their mechanical interest,
but because they are essentially financial in their
bearings. For like reasons we issue costly Supple­
ments in which railroads have the larger plaoe. In
these ways investors have before them not alone the
details of income and outgo, but all the material facts
upon which the stability of value as well as the pres­
ent earning and dividend-paying qualities of the pa­
per titles called securities depend.
WA TER- T UBE B OILERS.
If a fire were built under one end of a plain cylin ­
drical boiler, or even under the entire length o f it,
just as when a common kettle is set on the kitchen
stove, it is evident that steam could not be made fast
enough to be of any practical use; so the heating
surface must be increased. This increase is effected
by putting tubes in the boiler, the products of com ­
bustion passing through them from the furnace at
one end of the stack to the other and the water cir­
culating around them. This device was known before
Stephenson, but he was the first to put it to real prac­

SUPPLEMENT,

[V ol. LXXV.

tical use, in the “ Rocket." That pioneer locomotive
had 25 tubes of 3 inches diameter, and the multitubular boiler has continued to be standard for all
purposes.
The water-tube boiler, which seems to be coming
into increasing use, is just the reverse of this; the
water circulates through the tubes and the combus­
tion products pass around them. A locomotive of
this type, in use on the London & Southwestern Rail­
way in England, is peculiar looking as compared with
the ordinary pattern. In lieu of the usual fire-tubes,
there is one large horizontal fine in the barrel of the
boiler, this flue being crossed laterally by over 200
short water-tubes; the fire-box also contains 40 cross
water-tubes and a few ordinary fire-tubes are placed
in the corners of the fire box for the purpose of
strengthening it.
The advantages sought in and claimed for this plan
are increased steam production and economy in fuel*
not necessarily an increase of heating-surface. The
designer of this particular engine has been for some
years experimenting with water-tubes in the fire-box,
and the results have been so satisfactory that all the
company's engines are now so constructed; for a more
thorough test this experimental boiler has now been
made wholly on the water-tube plaD, the few of the
other class tubes being only for an incidental pur­
pose. The designer informs the “ Scientific Ameri­
can " that the engines with cross water-tubes in the
fire-box have proved more economical than those not
so made, and that three months' trial of this new and
small engine with water tube boiler, having only 736
square feet of heating-surface, has shown that it does
the same work as the standard fire-tube locomo­
tives with 1,291 square feet of heating-surface,
and does this on an average of a pound of coal
less per mile.
It must be plain, even to the unmechanical reader,
that, if all other things are equal, rapidity in making
steam and efficiency in performance ought to be in
proportion to the heating-surface; hence this compar­
ative result appears the more striking. There is a
natural explanation at hand, however. The steam
blast, which is necessary for a strong draft and hence
a rapid production of steam, also carries heat out
through the stack. No boiler and engine have yet
been devised whioh do not fall largely short of utiliz­
ing all the heat-energy of the fuel, and all the modern
devices of cut-off valves and compound engines
are means for working steam “ expansively "■
—that is,
for getting the largest portion of its heat out of it
before letting it escape.
In the usual tubular boiler the tubes are the flues,
and since they are straight from fire-box to stack
they offer an easy passage and the heat products rush
through them; but when the water occupies the tubes
the hot gases must crook and wind around and be­
tween them, moving more slowly to the stack and
thus parting with more of their heat. Hence it is
not incredible that a boiler of this sort may perform
the same work as one of the other sort which has 75
per cent more heating surface, and with less fuel.
The water-tubes, whioh are often “ staggered" (that
is, are arranged in the break-joint manner, as may be
understood by looking at the spokes of a wagon wheel
where they enter the hub), serve in effect as baffleplates. These are partitions inserted in a flue for the
purpose of deflecting the combustion gas as and mak-

J u l y , 1902,]

INVESTORS’

ing them part with more heat by moving more slowly.
The principle is familiar and is applied whenever an
extra turn is given to a stovepipe instead of carrying
it direct to the chimney.
A volume on this subject, based on a course of lec­
tures delivered in London, has been lately issued, and
the author decidedly approves the water-tube boiler
for naval use, quoting our own Admiral Melville that
“ if the battle of Santiago taught nothing else it cer­
tainly made very clear the absolute necessity of
water-tube boilers in our modern war vessels.” The
reader will remember that the American ships were
caught then with some of their boilers cold, and the
Brooklyn went through the chase with one pair of
engines uncoupled; so we take this opinion to refer
mainly to the better steaming action of the water-tube
type. However, the British Admiralty has decided,
after some tests already made, to make a fuller trial
by putting four separate systems of water-tube boilers
into the new cruisers and battleships.
The water-tabe itself goes back as far as the begin­
ning of the last century, but has been in process of
evolution, especially during the last forty years, and
is now largely in use in stationary and marine boilers.
The first advantage is on the score of safety, the usual
large common space for water and steam being divided
into many small ones, any of which may rupture
without disastrous result; more effective heating,
better circulation, less exposure to unequal expansion
and contraction, and some other features, are also
claimed for this plan.
Former attempts to apply it to locomotives showed
good results along the lines as above stated, but there
were some difficulties mechanically, chiefly as to get­
ting access for repairs. These may now be avoidable
by improvement in design, and there are several
reasons why this reversion to an old type has much
prospective interest as to locomotives. Railroad prac­
tice has been demanding more and more, in power
and speed both, and has been getting both ; but the
locomotive has nearly reached the limit of size possible
without reconstructing bridges and tunnels, which is
hardly to be deemed feasible.
Hence any large further increase in steaming
capacity must be sought in improvement of design
rather than in enlargement of absolute size. Next,
the problem of fuel steadily becomes more serious,
and the coal strike of this year only adds an emphasis
to the fact. There is, therefore, no more important
object in railway development than to reach more
economy in fuel by getting a greater efficiency out of
it. This has a direct bearing upon coats of trans­
portation, upon the issue of the competition between
the ateam locomotive and the electrio, and upon the
investment value of railways.

LOCOMOTIVE TRA OTION-1 NORE A SEES.
In the early days of the locomotive it was assumed
by some that the driving-wheels would slip around
on the smooth rail, and several devices to secure ad­
hesion were produced. Only one of these—the
toothed-wheel used on extraordinary grades like those
on Mt. Washington—still survives, for practical trial
proved the difficulty Imaginary. Yet driving-wheelB
have more or leas been slipping unto this day, accord­
ing to circumstances, and there are times and places

SUPPLEMENT.

5

which make increased adhesion intrinsically desira­
ble.
The heavy freight engine, which especially needs a
firm hold on the rail, has its number of drivers in­
creased and that of mere running trucks reduced, so
as to throw on the former as much of the total weight
as is practicable; as the power is applied directly to
only one pair of wheels, the drivers are all coupled
together for the same purpose of increased adhesion.
A geared-type of engine was not long ago built which
is “ all driver,” so to speak, engine and tender being
carried on four center-bearing swiveled trucks with
four wheels to each truck; two trucks are under the
tender, one truck is behind the fire-box and cylin­
ders, and one is forward under the smoke-box. The
entire weight of the maohine, 291,000 lbs., rests on
these sixteen drivers, and the driving is done all
along the length; the cylinders rotate a cranked
shaft on each side, which is geared to all the drivers.
This particular machine runs on the El Paso Rock
Island route, from Alamogordo to Cox Canyon, in
New Mexico, 31 miles, over heavy grades, and is an
interesting instance of adaptation to a special use
where tractive power is all important.
Now comes a device (not new, however, as to the
idea) for increasing traction by changing the distri­
bution of load at will. This has been applied to the
“ Central Atlantic” class of engines now in use on
the N. Y. Central’s fast trains, and a “ Prairie ” type
of engine on the Santa Fe road was fitted with increasers some months ago. The total weight of the
machine being a fixed quantity, if any portion of this
can be taken off one pair of wheels (except by some
power from the outside), the portion removed must lie
upon the rest. This is accomplished by using the
compressed air of the brake system. On the Santa
Fe engine, which has three pairs of drivers, with one
pair of leading trucks and one of trailing trucks, the
effect is thus:
Normal.
Load on leading tracks............... ............ 30,150 lbs.
Load on trailing tracks............. .............. 33,150 “
Load on forward drivers............ ............ 46,800 “
Load on middle drivers.............. ............. 51,800 “
Load on back drivers................ ............. 48,900 “

With the.
increaser
25,950 lbs.
28,620 “
61,000 “
53,340 “
51,890 "

The total weight of 210,800 lbs. is unchanged, but
8,730 lbs. of it are transferred from the four truoks to
the six drivers, just as if portions of the entire mass
could be pushed back and forth so as to bring them
directly above one or another pair of wheels. The
truck wheels are not lifted out of contact with the
rail; their own weight is unaffected, but approxi­
mately one-eighth of the load upon them is shifted to
the others.
It will be plain enough to laymen that there is
some theoretical gain In a devioe of this sort, and
some practical gain has also been found; but there is
also some possible Injury. An attempt to run modern
trains at modern speeds over such track and bed as
were in use thirty years ago would soon prove disas­
trous; the two parts of the structure, not agreeing
with eaoh other, would destroy oach other, for there
must be a harmony of proportion between all parts.
The lnoreaser is designed to be used when and where
needed and is necessarily under oontrol of the engi­
neer. If he should find that it helped him to get over
his run more comfortably and should yield to the
temptation to use It too much, there might bo a die-

6

INYESTOKS’ SUPPLEMENT.

turbance of this harmony of parts. Por a concentra­
tion of load—as, for example, if we imagine the en­
tire load shifted to four wheels only—is harder on
both track and engine.
The special office of the leading trucks is to hold
the machine on the rails ; now imagine both pairs of
trucks taken off this particular engine and the rem­
nant would be a sort of switch engine, which is a
small type of machine mounted only on drivers and
used for “ donkey ” purposes in railroad yards. But
a big machine thus imagined, all drivers and all trac­
tion, would be a very bad specimen of the type, being
all wrong in proportion, and with an overhang beyond
its wheels which would severely strain everything by
vibration ; the concentration of weight would also be
detrimental.
Of course such an extreme supposition is made only
to show the direction in which harm might come from
an abuse of the incresser device. The benefit from it
comes from avoiding the direct mischief of slipping
drivers, a better passage of grades and curves (the
drag of train being heavier on these) and less trouble
in starting trains. Saving of time in the picking up
of trains and getting under full headway might also
be of utility on the faster passenger trains which are
coming into vogue over long runs. A few months ago
there were 45 engines in construction at the Baldwin
works which were to have increasers, and a good re­
port of results comes from the Santa Pe road. A con­
clusive test of the value of the increaser has not yet
been had; but the fact that a device which dates far
back into the century and has been tried repeatedly
comes up again illustrates the constancy of the de­
mand for improvement.
A LOCOMOT1VE A UTOMATIC STOKER.
It is a matter of common knowledge that every
locomotive carries a fireman. His business is to shovel
coal into the furnace, and, at intervals, to oil and
wipe the machine; his ambition is to one day be pro­
moted to the engineer's seat on the other side of the
cab, and this is the regular order of advancement.
He must “ keep her h ot/' as the phrase goes, and his
work is very laborious; indeed, it is more so than it
used to be. For while men are no larger than they
were in 1870, locomotives have grown since then from
say a dozen tons weight to an extreme of nearly two hun­
dred; cylinder, wheel, frame, boiler and firebox have
increased in Bize, and the more steam required re­
quires more firing in turn. Modern power brakes
have put the control of the train into the engineer's
hands, but the fireman has been left with his two
hands and his shovel, as he began. There ought,
however, to be a better way. Automatic machine
feeders or stokers have long been in use on stationary
boilers, and now comes a form to fit the conditions of
the locomotive, devised by an engineer who, like the
rest, graduated from the ranks of the firemen.
This stoker is essentially an iron hopper attached
to the furnace door and projecting into the cab be­
tween its two occupants; the regular door is removed,
however, and a special door, to which the stoker is
fastened, replaces it. In shape the hopper top of the
machine is much like the top of the tender itself.
Within the hopper are a pair of spiral conveyers, as
they are called, which closely resemble the common
auger without Its screw point. As the auger cuts its

IVol. LXXV.

way into the wood the chips are carried back and
thrown out by the rotation of the spiral or twisted
part. If the auger were turned in the opposite direc­
tion it is obvious that the chips would be carried
inward instead of outward.
This spiral conveyer is a common device in
machinery, and when it is rotated within any recess
or trough which approximately fits its shape, it pushes
along any material that is dumped upon it. The coal
from the tender is thus moved along by these revolv­
ing spirals towards the opening into the furnace, but
if their work were not supplemented they would drop
their load all in one place just within the opening
and at the front of the furnace, which would be in­
tolerably bad firing. So there is further mechanism.
The conveyers move the coal towards the opening
but not into it; their load drops at intervals into a
short trough just below their own level, where a pair
of plungers or pistons, moving to and fro, shove it
into the furnace. This shoving resembles the action
of the living stoker, but to merely throw coal in is
only the clumsy part of his work; he must also dis­
tribute and spread it within the furnace, that it may
burn properly. So the plunger has a variable action.
It gives a light thrust, which drops coal near the
door; then a medium one, which drops it in the mid­
dle; then a hard one, which sends it to the forward
end of the furnace, this distributory action being
aided by the peculiar shape of the table or apron over
which the coal passes just as it enters the door.
Power for these operations comes from a small en­
gine placed underneath; this engine drives the con­
veyers—which rotate by little steps at a time, not
continuously—and as they move they actuate the
throttle valves that govern the pushers. Meanwhile
the fireman loads coal into the stoker instead of di­
rectly through the furnace door, and has to keep
watch of the apparatus, which has its various valves on
the side towards him. If the fire “ banks " anywhere
he changes the distribution of coal by changing the
openings of the controlling valves; he has less hard
labor, but is still busy, and is able to also take more
part in watching for signals and generally. The top
of the stoker may be tipped to one side, exposing the
opening in the door, in case it becomes necessary to
put In coal by hand or to claw the fire with the
“ hook;'' if any disarrangement of the machine occurs
while in use, it can be taken off and the regular door
substituted for hand-firing, without interrupting the
train movement.
The main feature of this apparatus is that the fur­
nace is never opened; it is always open to fresh fuel,
but not to the outer air. The heat within is there­
fore higher and continuous, so that gases are more
effectually consumed, and there is a natural diminu­
tion of sparks and smoke—indeed, an almost entire
abolition of the latter is claimed. Inferior and lowerpriced coal can also be used, and a saving of from 10
to 25 per cent (according as the comparison is made
with careful or with careless handling) is distinctly
claimed for the machine. If the combustion is better
there should be less deposit of soot within. Another
material gain by any practical apparatus for auto­
matic stoking is that the firebox is less exposed to
changes in temperature ; the importance of such pro­
tection is in the fact that sudden expansion and con­
traction are very detrimental to iron structures that
are stiffly held by bolts.

RAILROAD
(F

or

M

is c e l l a n e o u s

C o m p a n ie s

COMPANIES.
see

paces

152

to

175

in c l u s iv e

.)

E X P L A N A T O R Y .—Tills Supplement is expressly intended for use in con n ection w ith the investm ent new s and official reports published
from week to w eek in the Chronicle. Frequent reference is therefore m ade to the volu m e and page o f the Chronicle (as, V . 64, p. 000)

where fuller information may be found. Following each statement also is given a reference to the latest news item in the Chronicle respecting
the company. As every such item contains a reference to the last preceding item, the reader can run back over the company’s history
at pleasure. Annual reports are in black-faced figures, and italics indicate a paragraph headed by the name of some other company.
In d ex .—Any company not in its regular alphabetical order may be found by means of the index to roads leased and consolidated.
D ivid en d s—The dividends tabulated in the te x t are those actu ally p a id during the calendar years nam ed, irrespective o f w hen earned.
Net earnings are given after deducting operatin g expenses and usually taxes, but n ot interest, rentals or other fixed charges.
Securities.—These are described in table at head of page [except the stock, for lack of space, sometimes only in text below] as follow s:
Miles o f R o a d Opposite bonds, this means the miles o f road ow ned covered b y the m ortgage.
Size or P a r V a lu e—Shows (in dollars unless otherw ise m arked), the denom inations o r par value, “ 100, & c.,” signifyin g $100 and larger.
Rate Per Oent.—Th& interest and dividend rate,p e r annum is here s h o w n ; g., gold: cur., cu r r e n c y ; x, e x t r a ; s. stock or scrip.
When P a ya ble—I . & J. stands fo r January and July; F. & A ., February and August; M. < S., M arch and Septem ber; A . & O., A pril and O c to b e r
fc
M . & N ., May and N ov.; J. & D., June and D ec.; Q.—J., quarterly from Jan.; Q.—F., quarterly from Feb.; Q.—M., quarterly from M arch.
B onds,principal when dice, etc.—This colum n shows the date w hen the bonds m ature and the am ount and date o f the last dividend.
Abbreviations in ta b le : M. fo r “ m ortgage; ” gen. M. fo r “ general m o rtg a g e ;” con. M. or consol. M. fo r *'*consolidated m o rtg a g e ;” inc. M»
or “ incom e m o r tg a g e ;” g. fo r “ g o l d ;” o. or cur. for “ c u r r e n c y ;” guar. p. & i. for “ guaranteed principal and in t e r e s t;” cum . fo r
u cu m u la tiv e; ” non-cum . fo r “ n on -cu m u lative; ” con v. fo r “ co n v e rtib le ; ” pref. for “ p re fe rre d ; ” s. f. fo r “ sinking fu n d ; ” 1. gr. fo r “ land
g r a n t; ” r. “ registered; ” c. “ cou pon ; ” c.* “ cou pon but m ay be registered as to principal; ” br. “ branch; ” end. “ endorsed; ” “ red .” redeem able;
“ d’m ” or “ d ra w n ” subject to call w hen draw n b y l o t ; “ p. m .” “ p er m ile;” as’ d “ assum ed.” “ x ” P rin cip al and in te re s tp a y a o le w ith ou t
deduction for any ta x.
Mortgage Trustees and Stock Transfer A gen ts ( T t t Treasurer’s Office) are indicated th u s :
N. Y . CITY—(C oncluded—
P it t s b u r g —
N e w Y o r k C it y —
B a l t im o r e —
L o u is v il l e —
A — A tla n tic Trust.
B — BowliDg G reen Trust.
C e — Central Trust.
C l— City Trust.
C o l —Colonial Trust.
Co— C ontinental Trust.
F — F arm ers’ L oan & Trust.
G — G uaranty Trust.
K .— K n ickerbocker Trust.
M a —M anhattan Trust.
M e —M ercantile Trust.
M o —M orton Trust.
M p—M etropolitan Trust.
N — N. Y . Security & Trust.
N # — N orth A m erican Trust.

Standard Trust.

T a —T rust Co. o f A m erica.
V n— Union Trust.
Us — U n ited States Trust.

U s m —U. S. M ort. & T ru st Co.

Bo s t o n —

A B —A m erican L oa n & Trust.
B B —B oston Safe D ep. & Tr.
I B — In ternation al Trust.
M B - M assachu’ tts L oa n & Tr.
N B — N ew England Trust.
O B — Old C olony Trust.
S B — State Trust.

B B a — Balt. Tr. & Guaranty.
C o B a — C ontinental Trust.
F B a — F id elity & D eposit.
M B a - M aryland Trust.
Me B a —M ercantile Tr. & Dep.
S B a — S afe D ep. & T ru st Co.

C h ic a g o —

A C —Am er. T rust & Sav. Bank.
E C — E quitable T rust.

I C — Illinois Trust & Sav. Bk.

M C —M erchants’ L oa n & Tr.
N C — N orth ern Trust.
R C — R oyal Trust.
U C — U n ion Trust.

C E —Colum bia F in an ce & Tr.

F L - F i d e l i t y Tr. & S a fety Y lt.
L L - L ou isv ille T rust.

P h il a d e l p h ia —

F P — F idelity Trust.

G P - Girard Trust.
G-uP—G uaranty T r. & S.Dep.
PI P — rov id en t L . & Tr
P
P e P —Penn. Co. fo r Insur. on
L ives & Gr. A n n .
W P —W est End Tr. & S. D ep.

F P i—F id elity T itle & T ru st.
P P i—P ittsb u rg Trust.
U P i—U nion Trust.
S t . L o u is —
M S t—M ississippi V a liev T r
tSSt— St. L ou is U nion Trust.

S a n F r a n c is c o —

CS— alifornia
C

& T rust.

S afe

Deposit

S u b s c r ib e r s w i l l c o n f e r a g r e a t f a v o r b y g i v i n g im m e d ia t e n o t i c e o f a n y e r r o r d is c o v e r e d i n tlie s e T a b le s .
Bonds—P rin ci­
IN TEREST OR D IV ID EN D S.
R A ILR O A D S.
pal, W hen Due.
Miles Date Size, or
A m ount
Stocks—Last
of
of
Par
When
ayable,
Outstanding R ate per Payable Where PWhom. and by
D ividend.
Road. Bonds Value.
Cent.
above.
A dirondack.—1 s tM .,g o ld , g n .p . <fci. end., TJs.c*<fcr
Alabama Great Smah’n—“ B ” shares (English C o.).
Pref. “ A ” shares, (English Co.) 6%, £ 8 0 0 ,0 0 0 ....
1st M. (Am erican Co.) gold, $ 1,7 50 ,0 00 .........F . c
General m ortgage, £ 1 ,1 6 0 ,0 0 0 ..................... C e.c
Debentures, gold (English C o.)............................... o
Funded arrears o f dividend (English C o .)............
Car trust notes, payaole m on th ly ............................
Alabam a M idland—See A tlantic C oast L i s e RR.
A la. N. 0. Tex. &Pac. J u n e —D e fe rre d “ B ” shares...
Preferred “ A ” shares, 6 p. c. cum ulative...............
“ A ” deben., red. aft. N o v .l,’ 10, at 115—See te x t .c
“ B ” debentures, incom e, red. after 1910 at 1 1 5 .c
“ C” deb., incom e, subject to call any tim e at 100.
Interest cert, (secured b y £ 34.193 “ C ” d e b .)___
Alabam a < Tenn. R i v e r - 1st m ort.. $1,600,000. K ..
&
Alabama < Vicksburg—8tock $ 1,0 50 .0 00 ................
£
V ioksb’g & Mer. 1st M. gold, $ 1 ,0 0 0 ,0 0 0 .F .xc*
Ala. & Vicks, co n s o l.ls t M., ($1,800,000) g .-C e .o
2d M., orig. $700,000. g .................................. C e .c
A lbany & N or them - - S t o c k ...........................................
1st m ortga ge................................................................c
Albany < Svcq —Stock, divi’ ds guar, b y D.& H. (end).
&
Consol. M .) (guar. p.<fc i. end.) currency 7s. F.c*&r
now IstM . s
do
6s, interest only In g o ld ___
A lbany & Vermont—Stock, 3 p.c. guar, by r en ta l)..
A llegheny d Western—Stock ($3,500,000).................
2
1st M. $2,500,000, gold, gnar., p. & 1. end O .c * ..

57

1892

290

1878
1888
1886
1888

....

$1,000
£10
£10
$1,000
£100
£100
Various.

$1,000,000
4 ^ g.
£1,566,000
£676^070 9 in 1901
$1,750,000
6 g.
£52 6,0 0 0
5 g.
£134,000
6 g.
4
£ 53,257
$172,711
5

M. & S. N .Y.Of.,21 CortlandtSt.
London.
do
J. & D,
J. & J. N. Y. ,Farm.L.&Tr. & Bos
J. & D. London, Glyn,Mills&Co.
do
do
F& A 15
London.

£2,500,000
£10
£10
£1,500,000
1890 £ 5 0 &c.
£748,850
5 g. M. & N. Lon.,Glyn,M ills,C.& Co.
.m . 1890 £ 2 0 &0. £ 1,0 48 ,3 90
m
M ay,’02,cp. pd. J u ly,’02
5 g.
£810,652
See text.
• m 1890 £ 2 0 &0.
m.
5 g. A. & O.
£ 28,494
See text.
F. & A. N. Y . K n ickb. Trust Co.
1901
5
$1,050,000 6 in 1901 Yearly, N. Y ., Central Trust Co.
100
143
1,000
1,000,000
do
do
143 1881
^ g- A. & O.
do
do
143 1889 100 &C.
588,800
5 g. A. & O.
601,300
do
do
143 1889 100 &c.
5 g. A. & O.
100
350,000
1,000
J. & J.
400,000
1896
5
100
3,500,000 7 in 1902 J. & J. N.Y.,Del. & H udson Co.
do
do
142 1876 $1,000
3,000,000
7 cur. A. & O.
142 1876
1,000
do
do
7,000,000
6 g. A. & O.
100
T roy, N. Y.
12
600,000
M. & N.
3
61
100
3,000,000
6 g. J. & J. New Y ork, 36 W all St.
61 1898
1,000
2,000*000
4 g. A. < O. N. Y., G allatin Bank.
fc

D ec. 1, 1942
D ec., 1891
J ’ne 1 6 ,’ 02,4%
Jan. 1, 1908
D ec. 1, 1927
Aug. 1 5 ,1 9 0 6
B y sink’ g fund

N o v .l, 1910-40
N o v .l, 1910-40
N ov. 1, 1940
1951
Aug., 1901,6'
A pr. 1, 192
A pr. 1, 1921
Apr. 1, 1921
Jan. 1, 1946
July, 1902, 3i*
A pr. 1, 1906
A pr. 1, 1906
May 15,’0 2 .li*
Ju ly 1. ’02, 3
Oct. 1, 1998

Coupons P aid—F or ’ 91. ’ 92. ’93. ’ 94. ’ 95. ’ 96. ’ 98. ’ 99. ’0 0 . *01
A d i r o n d a c k R y . —Saratoga to North Creek, N. Y ., 57 m. Stock,
5
5 5
5
5
5
5 5
5
,6 00,000; par, $100. The bonds carry the endorsed guaranty of the “ A ” D cb en tu res-.P . c. 5
law are fa H udson ; $1,000,000 bonds reserved fo r extensions at “ B ”
do
..P .c . 2 ^ 2ka
0 *875 1 2 ^ 2% 4*8 5 B elow
do
..P .c .
..
$20,000 per m ile o f com pleted road. In year ending June 30, 1901, “ O ”
.............................................
0
gross. $190,338; net, $52,573; other incom e, $294; charges, $53,247;
The N ov., 1901, cou pon on B debentures was paid Jan., 1902, and the
In 1899-0,gross, $200,273; net, $69,519.—(V. 59, p. 1102; V. 69, p. 1010.) M ay, 1902, on July 1, 1902. A paym ent.of 2&s o . c. on “ 0 ” debentures
A k r o n 6c B a r b e r t o n B e l t L i n e R R . —Owns a b elt line around was made in Feb., 1902. V . 74, p. 93.
Barberton, O., < miles in length. A consolidation 1n May, 1902, of
?)
E arnings .—See separate statem ent for each o f the con trolled com ­
various properties. V. 74, p. 1088. Stock, $100,000, ow ned equally panies. In year ending Dec. 31, 1901, net from investm ents was
by the Pennsylvania RR., Balt. < Ohio, E rie R R . and the V anderbilt £114,599; paid general expenses (£3,594), incom e tax (£5 ,68 1 ), Inter­
fe
interests. B onds authorized, $1,500,000, o f w hich $900,000 to retire est on “ A ” debentures, (£35.395), on “ B” debentures 5 p. o. (paid In
the old bonds; balance for future require,ments. President, Jam es Mc- Jan., 1902), £ 49,470; on “ C ” debentures, 2^8 p. o., £20,038; balance,
Crea; Secretary, S. B. L ig g e t t ^ fV . 74, p, 1088.)
including £87 1 from 1900, £ 9 3 1 .- ( V . 74, p. 93, 477, 678; V. 75, p. 76.)
A l a b a m a G r e a t S o u t h e r n B i t . —(See Map Southern R ailw ay.)—
A l a b a m a 6c T e m ie w s e e R i v e r R y . — Projected from Floren ce,
Owns Wau hate hie, Tenn... to Meridian, Miss., 291 m iles; branch lines A la., to C lifton, Tenn., 80 m iles, o f which 3 ^ m iles were graded in
owned, 6 m iles; leases Waulxatchie to Chattanooga, 5 miles, and B elt N ovem ber, 1901. Stock authorized, $i *000,000. B onds are issuable
Rv. o f Chattanooga, 45 m iles; trackage to B lockton, A la., 8 miles, and at $20,000 x>er mile. President, J. L. Bell, 29 B roadw ay, New Y o rk ;
W oodlawn, 19 m ile s ; total operated, 374 miles.
Treasurer, G eorge A. Sykes,—V. 73, p. 1009.
A l a b a m a 6c V ic k w b u r fx R y . —Owns Vioksburg to M eridian, Miss,
O eo an izatio n .—Controlled b y Southern R y., but operated Independ­
ently. V. 60, p, 26; V. 61, p. 375. Ala. Great So. R y., L im ited , and branch, 143 miles, all steel rails. C ontrolled by Alabam a N ew
owns all o f the stock and debentures of Ala. Great So. R R ., and has Orleans Texas & Pacific Junction Go.—which see. R eorganization o f
Issued In place thereof its own stock and f
the Vioksburg & Meridian foreclosed Feb. 4 ,18 89 (see V .48, p. 190).
f o r a like amount. The tw o com panies own
Stoc k .—The stock was increased In 1900 from $700,000 to $1,060,o f South western Construction Co. received
000 by 50 p. o. distribution to shareholders, to represent earnings ap­
800 Gin. N. O. fa Tex. Pac. stock. See V. 65, p. 1173.
plied to additions and im provem ents since 1889.—V. 70, p. 632.
Sto c k .—O f the capital stock o f the English Co. the Southern Railway
D iv id e n d s .—’90 t o ’92, 3 p. c. yrly,; ’ 9 6 ,3 ; ’97 to ’ 9 9 ,5 ; ’ 00, 6 ;’ 01, (L
Co. on July 1. 1901, ow ned $1,725,000 “ A” shares and $4,540,050
B onds .—T he new seconds were incom e till April 1 ,1 8 9 4 ,and a r e a
“ B” shares. V. 61, p. 26. For right to dividends see March, ’0 4 ,S u er.
first lien on the lands—62,041 acres. Of the $1,800.000 consols author­
D m p K N D - ) ’ 90. ’ 91.’ 92. ’ 93
to ’95. ’ 96.’ 97. ’ 98, ’ 99. ’ 00. ’01. ’ 02.
ized, $1,000,000 are wi th trustee to retire V. fa M, firsts.
“ A ” shares.% > 9
6
6
0
6
9 6 6
8
9 June, 4
K a kninor . “ Fiscal year ends June 30. Y car ending June 30, gross,
“ B ” shares.% ) 0
18? 0
0
0
0 0 0
0
0 . . . .$1,019,932, against $920,669 In 1900-1. R eport for 1900-1901 in V.
..
B onds . -G eneral M. 6s, £484,000, will retire 1st 6s and debentures. 73, p. 1157.
Yearn—
Gross,
Net,
Interest, etc, Ilal. sur. D ividend .
L atest Earn ing * 1 1 mos, / 1901-2.Gross, $2,202,088; net, $655,530
$ 1 0 3 ,9 5 0 <0)$63,000
1900 0 1 ... $920,669
$235,840
$131,384
July 1 to M ay 81,
$1900-3 Gross, 2,028,593; net, 592,130
8 0 ,4 0 2 (0) 63,000
1 8 9 9 0 0 .... 812,778
228,582
142,180
A nnua i. R e po r t . R eport for 1900-01, In V .73, p. 443, 1 003, showed:
RV. 71, p. 750; 9 0 8 ; V. 73, p. 1 1 5 7 .)
Gross, $2,198,739; ru t, $645,609; other Income, $13 ,38 9 ; interest
A l b a n y A* N u * < ] i i c l i a n n n It 1C.—(Sec Map Delaware < TDtdson.)e
on bonds, $285,582; Income tax, etc., $27,249; balance for stork,
Ko ad . Owns A lbany, to Binghamton, N. Y x 142 miles, Leases,
#
$346,165; dividends on stock of American Co. (8 per cent), $249,405.
(JoblcskUl, N. Y., to Cherry Valley, 21 miles, practically ow ned by
—
“(V. 69, p. 1.05 8; V, 71, p« 601, 0 4 I, 1218; V .7 3 , p. 443, 1 0 0 8 .)
D. fa If.; total operated, 103 miles.
A l a b a m a JTI <11a n d R y . —
-See Atlantic Coast Lino UR.
LEASED for 1*0 years from Feb., 1870, to Delaware d H u d so n Com
r,
A l a b a m a N e w O r le u n * T o < V P a c i f i c J u n c t i o n U a l l puny. Lessee guarantee® 7 p . o. per annum on stock i.lll A Ibany City loan
w n y» d o . ( y r n i t e c l . ) —This is an English com pany controlling A la
fo r $ 1 ,0 0 0 ,0 0 0 In p a id by sin kin g
thereafter 9 j>. 0. (Hee w o r d in g
name fa Vicksburg, 143 m iles; Vicksburg Shreveport fa Pacific, 189 o f guaranty in V. 56, p. 774.) Tills Indebtednoss will he extinguished
m iles; Now Orleans & North Eastern, 196 miles.
July 1 ,1902. Ft rst semi-an nmvl dividend of 4*9 p .c , will bo payable
8 W TTR ks jO WN &D - A1 , <. Vlrksb. $30,000 1st m o r t ., $387,700 2d Jan. 1, 19 03 . V. 74, p. 475,
O TTI
a V
M., $141,100 consol. 1st M. and $53 1,500 stock; V. H fa V.. $1,380,,
ANNUAL REPORT. Warnings for years ending June 3 0 :
OOO gen. M., $ 2 ,0 8 0 , 100 p f and $2,773,500 c o m . stock ; V. 8. A, Pac.
Gross,
Net over taxes. Ren tals,
Hal., nun.
RFt (land grant) bonds, $1,301,000; N. O, fa N. E., $1,900,000 1st, M.
1900 0 ! ........................$4,850,205 $2,524,129
,059,364 $1,404,705
and $ f,320,000 stock (but see V. 74, p. 678); H W. Construction C o.,
.
J h99-00...................... . 4,803,240 2,535,029
I .050,033 $1,478,997
$448,700 stock*
(V. 71, p. 390. 1006; V. 72. v. 987; V. 73, p. 337; V. 74, p. 1088.)

S

INVESTORS’

8

SUPPLEMENT,

[V O L. L X X V ,

hands—Prilic iINTEREST OR DIVIDENDS.
Miles Date Size, or
pal,When Due.
Amount
Par
of
of
Rate per When Where Payable and by Stocks—Last
F o r explanation o f column headings, &c., see notes
Road. Bonds Value. Outstanding Cent. Payable
Whom.
on first page o f tables.
Dividend.
RAILROADS.

Allegheny Valley—1st M., guar. Penn. R R ..............o
Mort. to State Pa., $100,000 due Jan. 1, yearly, .r
Gen. M. ($20,000,000) g., guar. v.& i. F P i.x.c*& r
Allentown RR. (leased to Phila. & Reading R y .) ..
Allentown Terrn'l—1st M., guar. p.&i.(end.)g.Ce.xo*
A nn Arbor—1st mort., $7,000,000, gold.H Ip x ...c *
Annapolis Washington d Baltimore.—Stock....... .
Arizona d Utah—1st M., $600,000, g o ld .C o ......c *
A rk. Val.d W —1 stM .($3,500,000),(red. text.SSt.e*
Ashland Goal d Iron—S tock .......................................
1st refunding mortgage, $400,000 gold.N — ..
Atch. d East’n Bridge—lex, M.g.,8. f., red., te x t.C e .
A tc h is o n T op eka & Santa F e R y .—Stock, com ..
Stock, preferred, $131,486,000, 5 p. o., non-cum..
Chic. & St. Louis 1st M. ($10,000 p. m.) c u r .F ..c
Chic. Santa Fe & Cal., 1st mort., g o ld .R B ..c * * r
General m ortgage, gold, see te x t............Un.o*<fer
AdJ.ino. M., cum. from July 1 ,1 9 0 0 , g., C e.c'& r..
Deb,, g., $2,500,000 due yearly; call at 105 G . e&r
Hutch. & So., 1st M., g „re d . 105 aft. 1907.O B .c *
S. Fr.& San Jo. V al., 1st M .,g.,callaft.l915.1?Ie.o
Atlanta d Charlotte—Stock (see te x t)..........................
Pref. M. (old 7s ext. in 1897), see V. 64, p. 286.C*
IstM . [voting power, 10 votes for each bond] onr.T
Incom e bonds (not cum.) extended in 1900..........
Allan. Rnoxv. d No. R y —1st M., $1,000,000, g ..C e
Consol, mort., gold, $10,000 per m ile .U s ............
Atlanta d West Point—Stock.........................................
Debenture certificates...............................................
Atlan.dBirm ingh.—IstM ., $1,400,000, g.,text.F.o*
Atlantic City—Is tM ., $ 2,200,000,g o ld ...G n P .io *
A tlantic City purchase money m o r t .o P ..............
a Originally Nov. 1. In June, 1902, interest on

259
259
259
" 3
292
20 hi
25

1870 $ & £
1870 100,000
1892
1,000
50
1,000
1*889
1,000
1895
100
1,000
1*899
1902
1,000

1,000
1900
1898 500 &o.
100
7,86*0
100
1,000
i*42 1885
1887 l.OOO&C
7.380 1895 500 &o.
7.380 1895 500 &0.
1902
1,000
1,000
i*42 1898
1,000
375 1896
100
269
1,000
265*2 1*877
1,000
265*2 1877
500
1880
223 1896
1,000
228 1902
100
86
1,000
1*881
1,000
*71 1900
1,000
83 1889
1,000
1900
$20,6 73,000 hadbee
*22

A l b a n y Sc V e r m o n t R R . —Owns road from Albany to Water*
ford Junction, N. Y ., 12 miles, Leased to Rensselaer & Saratoga in
1860 and now operated b y D. & H. Canal Co. Annual rental, $20,000.
A l g o m a C e n t r a l R y . —V. 70, p. 1248; V. 72, p. 480; V. 73, p. 1110.
A l l e g h e n y & W e s t e r n R y . —(See Map Buff. Roch. < Pitts.)—
6
Punxsutawney to Butler, Pa. (about 60 miles), opened Sept. 4 ,1 8 9 9 .
A n extension o f Buffalo Rochester & Pittsburg, to which leased in
perpetuity for guaranty o f bonds and 6 p. c. on stock. Uses Pitts.
& West, from Butler to New Castle and Pittsburg under a trackage ar­
rangem ent, making in all 135 miles. See application to list in full, V.
70, p. 849.—(V. 70, p. 840, 8 4 9 ,1 2 4 8 ; Y. 71, p. 501; Y. 74, p. 774.)
A l l e g h e n y V a l l e y R a i l w a y . —Owns from Pittsburg to Oil City»
P a., 133 m iles; R ed Bank, Pa., to D riftw ood, 110 m ; others, 18 miles.
Organization, &c.—Reorganization March 1 ,1 8 9 2 , o f the Allegheny
Valley Railroad, foreclosed per plan in V. 53, p. 324,368, 5 2 0 ; V.
54, p. 409,524. Road controlled by the Pennsylvania RR. Co. as ma­
jority stockholder, owning $9,653,800 of the $10,544,200 com m on and
$11,876,656 o f the $17,172,750 o f 3 p. o. cum ulative preferred stock;
authorized issues $12,000,000 and $18,000,000, respectively, in $50
shares. W ording o f pref. certificate was in editorial of Supplement
o f Oct. 3 0,1 89 7 , p. 3. Road was taken over under lease b y the Penna.
RR. Aug. 1, 1900, for 20 years, rental being the net earnings.—V. 70,
p. 27; V. 72, p. 491.
B onds .—General mortgage is guaranteed b y Penn. RR. b y endorse­
ment on each bond. Real estate mortgages, Jan. 1 ,19 02 , $589,065.
Report for 1901, V.74, p. 934, showed: Gross, $3,783,963; net, $1,398,443; other ino., $91; int., taxes, etc., $1,144,738: bal., but., $253,7 9 6 all applied to improvements. - (V . 72, p. 674; V. 74, p. 829, 9 3 4 .)
A l l e n t o w n R R . —T op ton to K utztown, Pa.,4*2 m.; Reading system
A l l e n t o w n T e r m i n a l R a i l r o a d . —Owns 3*2 miles o f railroad in
Allentow n Pa., connecting the East Penn. (Philadelphia & Reading)
with the Central o f New Jersey. Leased for 999 years to Philadelphia &
Beading and Central o f New Jersey (by assignment from Lehigh Coal &
Navigation Co.) at interest on bonds and 5 p. o. on $450,000 stock (par
$50), bonds being guaranteed, principal and interest, by Philadelphia &
Reading (foreclosed) and Lehigh Coal & Navigation. The Phila. &
Reading Ry. Co. in 1896 assumed the Reading’s share o f the old lease,
A l p e n a G a y l o r d Sc W e s t e r n R R . —V. 73, p. 956.
A n n A r b o r R R . —(See Map.)—Owns road from Toledo, O., north­
westerly to Frankfort, on Lake Michigan, 292 miles; operates car
ferries between Frankfort, Mich., Kewaunee and M aintowoc, Wis.,
and Menominee and Gladstone, Mich., and Manistique, Mich. The
Pere Marquette uses the Toledo terminals.
Organization.—Successor N ov. 1, 1895, to Tol. A nn A rbor & Nor.
Mioh., foreclosed under Quintard Lawrence p l a n in V. 59, p. 782. In
May, 1902, a syndicate closely identified with the Gould interests pur­
chased control and the road will be used as a feeder for the Wabash
Ry. V. 74, p. 1088.
Stock .—Common, $3,250,000; preferred, $4,000,000; 5 p. o. noncumulative par o f shares $100. Pref. stock certificate in editorial in
Su pp . Oct. 30,1897, p. 3,
B onds , E tc . - T he first mortgage (trustee, Metropolitan Trust Co.
N. Y.,) covers entire property, including terminals and freight boats
Floating debt June 30,1901, bills payable, none; current liabilities.
$263,883; cash and current assets, $497,534.
E a r n in g s .— 11 mos., >1901-2......... Gross, $1,746,783; net, $496,750
July 1 to May 31. $1900-1......... Gross, 1,616,665; net, 418,259
A nnual R eport.—Report for 1900-01 was in V. 73, p. 493, sh ow in g:
I ear end June 30—
1901.
1900.
1899.
1898.
Gross earnings............$1,754,148 $1,721,453 $1,519,334 $1,415,560
Operating expenses.. *1,309,163
1,324,620
1,172,390
1,026,106
Net earnings........
Deduct—In terest.......
Taxes...................

$444,985
281,331
49,733

$396,833
283,805
46,003

$346,944
288,803
40,153

$389,454
287,137
39,725

Balance, surplus.. $113,921
$67,025
$17,988
$62,592
•Operating expenses in 1901 nclude $178,614 expended fo r new
property and improvements and smaller amounts in previous years.
D i r e c t o r s include: President. W. R. Burt; J. Edward Simmons,
Franklin B. Lord, H. W. Ashley, eto.—(V. 74, p. 1088.)
A n n a p o l i s W a s h i n g t o n Sc B a l t i m o r e R R . —Owns road from
Annapolis to Annapolis Junction, 20*2 miles. Controlled by the Balt.
A Ann. Short Line, which owns the stock. (V. 64, p. 1223.)
Drv’ S— ( ’ 89. ’90. ’91. ’92. ’93. ’94. ’95. ’96. ’97. ’98. ’99. ’00, ’01, ’02.
R atep .o. $ 4 4*4 534 6% 5*2 6-36 4*a 4*4 3 4*4 4*4 5 4*2Jan.,4
E a r n in g s , — 11 months,
>1901-2.........Gross, $76,506; net, $27,256
July 1 io May 31.
$1900-1..........Gross, 59,<i58; net, 18,863
R eport .— For year ending June 3 0 ,1 9 0 1 , gross, $66,089; net, $20,152. In 1899-0, gross, $72,184; net, $22,033; dividends, $21,480; balsurplus, $5,530. Pres., J. W ilson Brown, Baltimore. (V. 65, p. 410.)
A r i z o n a Sc U ta h R y . —Owns McConnico to 3*2 miles beyond
Chloride, Ariz., 25 miles, opened Aug. 18, 1900; trackage, Kingman
to McConnico, 4 m iles; total, 29 miles. Extension from Chloride to
St. Thomas, Nev., about 82 miles, is expeoted to be constructed in 1902.
Stock, $600,000; outstanding January 10, 1901, $467,000; par,
$100.
Of the bonds $334,000 were issued on first 25 miles,
and balance is to be issued on com pletion of remaining 25 miles.

$9,998,000 6 g. or 7 A. & O. Phil., Pa. RR. Co. &Lon. April 1, 1910
5
700.000
J. & J. Philadelphia,Pa. RR.Co Jan. 1 /0 3 , etc.
Mch. 1, 1943
5.992.000
do
do
M. & S.
1,268,884 incl. f i , 071,400 under Reading Co.mort. o f 1896.
450.000
4 g. J. & J. New Y ork and Phila. July 1, 1919
7.000. 000
4 g. Q .- J . N.Y., Metropol. Tr. Co. July 1, 1995
See text.
358.000 See text J. & J. Stk.own.by B.& A.Sh.L.
334.000
6 g. A. & O. N. Y., Contin.Trust Co. Apr. 1, 1929
See text.
J. & J. New York and St. Louis. July 1, 1952
4
773,500 See text. Q .-M . Check from Co.’s office Jn’e 20/02,4*2
300.000
M. & N. N. Y., N. Y. Sec. & Tr. Co. May 1, 1925
A g.
600.000
4 g> J. & J. N. Y., Cent’l Trust Co. July 1. 1928
102,000,000 See text. J. & D. Checks mailed fr. N. Y. June 2,1902,2
do
do
114,199,530 5 in 1902 F. Sc A.
Aug. 1 ,’ 02,2*3
6 our M. & S. N. Y ., 59 Cedar Street, Mch. 1, 1915
1.500.000
Jan. 1, 1937
do
do
629.000
J. & J.
gOct. 1, 1995
do
do
138,727,500
4 g - A. & O.
July 1, 1995
do
do
51,728,000
See a
f g.
Feb., 1903-14
New York.
30,000,000
4 g - F. & A.
J. & J. Atch. off. ,59Cedar,N.Y. Jan. 1, 1928
195.000
g
<
6.000. 000
5 g. A. & O. Union Tr. Co., San Fran. Oct. 1. 1940
1.700.000 6*3 i n ’ 0 1 M. & 8. N. Y.Cent.Tr. Co. ,54Wall Mch. 6 ,’02, 3*3
Jan. 1, 1907
do
do
A. & O.
4
500.000
Jan. 1, 1907
do
do
4.250.000
7 c. J. & J.
Jan. 1, 1907
do
do
A. & O.
4
750.000
1,000,000
5 g. J. & D. N.Y., Man. Co., 40 Wall. Deo. 1, 1946
Mar. 1, 2002
New York.
See text.
4 g. M. & S.
July 10, ’01, 3
Atlanta, Ga.
1.232.200 6 in 1901 J. & J.
Co’s option.
do
do
J. & J.
1.232.200
6
500.000
5 g . J. & J. W aycross, Ga., and N. Y. July 1, 1920
2.200.000
5 g. M. & N. Phila., Read. Ter. Bldg. May 1, 1919
Apr. 1, 1930
do
do
75,000
4*2 A. & O.
V .7 0 , p. 944.
n stamped p ayable M . & N .

1

1

The loan is not subject to call as an entirety, but a sinking fund w ill
retire at 110 (drawings by lot) one per cent semi-annually, commenc-;
ing June 1, 1903. F or year ending June 3 0,1 90 1 , gross. $36,125;:
net, $12,946; charges, $20,040; balance, def., $7,094. President, F. L.
U nderw ood; Sec. and Ureas., R. H. Eggleston. 31 Nassau St., N. Y .
A r k a n s a s Sc C b o c t a w R y . —Projected from Hope, Ark., to A rd­
m ore, I. T., 223 miles, o f which 95 was com pleted in July, 1902, and
balance to be at end o f year. The St. Louis & San Francisco purchased
control, taking possession July 10.—(V. 75, p. 76.)
A r k a n s a s S o u t h w e s t e r n R y . —Smithton to Pike City, Ark., 34
miles; branch, Gurdon Jet. to G agetow n, 28 miles, opened Oct., 1901;
also in Oct., 1901, acquired Ultima Thule Arkadelphia & Mississippi
R y., Daleville to Camptown, 43 miles; total, 105 miles. A reorganiza­
tion o f the Southwestern Arkansas & Indian Territory Ry., sold in
foreclosure Mar. 13,1900. V. 70, p. 532, 895. In March, 1901, sold
to new owners. F or year ending June 3 0,1901 (34 miles), gross, $49.202; net, $5,805; total deductions, $1,577; bal.,su r„ $4,228. President,
William Grayson, St. Louis, Mo.; Secretary, George H. Grayson.—(Y.
70, p. 895; V. 73, p. 1060.)
A r k a n s a s V a l l e y Sc W e s t e r n R R . —To extend from a poin t on
the St. Louis & San Francisco between Sapulpa and Tulsa, I. T., north­
westerly to Enid, about 140 miles, with branches. Incorporated Jan.
31,1 90 2 . 8tock authorized, $3,500,000. Bonds are subject to call at
105 and interest on and after July 1 ,1 9 1 2 , or at any time at par i f
an extension is arranged at a low er rate o f interest. President, J. P.
W oolsey; Secretary, John B. Linden.—(V. 74, p. 1194,1354.)
A s h e v i l l e Sc S p a r t a n b u r g R R . —See Southern Railw ay
Carolina Division.
A s h l a n d C o a l Sc I r o n R y . —Ashland to Straight Creek Junction,
K v., 22 m. Ches.& Ohio has trackage over this road. The mining inter­
ests were in Jan., 1902, transferred to A shlandlron & Mining Co., stock
b ein gredu cedfrom $l,547,000to$773,500. B on ds,seeV .71,p .27. Year
ending March 1, 1900, gross, $385,512; net above interest, im prove­
ments, eto., $332,093; in 1898-9, gross, $111,674; net, $59,780. Divi­
dends in 1895-96 4 p. c.; in 1896-7,4 p. c.; in 1897-8, 4 p. c.; in 1898-9,
4 p. c.; in 1899-0, 4 p. c.; June, 1900, to June 20. 1902, 6 p. o. yearly
1*2 p. d. Q M). and in June, 1902, 3 p. c. extra.—(V. 71, p. 27; V. 74, p.
’ 93, 1307; V. 75, p. 76.)
A s t o r i a Sc C o l u m b i a R i v e r R R . —Goble to Seaside, Ore., 79
miles; branch, W arrenton to New Astoria, 2 miles; trackage, Goble to
Portland, 40 miles; total, 121 miles. Stock outstanding, $1,619,000;
par, $100. Bonds authorized, $8,000,000 100-year gold 4s, due Aug.
7 ,1 9 9 6 , interest F. & A., issuable at $40,000 per m ile ; outstanding,
$3,280,000. Central Trust Co., Trustee. Year ending June 30, 1901,
gross, $232,426; net, $84,587; charges, $163,818; bal., def., $79,231.
Pres., A. B. Hammond, A storia, Ore.—(V. 67, p. 426.)
A t c h i s o n Sc E a s t e r n B r i d g e . —Owns railroad and wagon bridge
at Atchison, Kan., connecting with the union station. Used b y the
Atoh. Top. & Santa Fe, the Chio. R. I & P., the Mo. Pac. and the Chic.
Burl. & Quin. A reorganization o f the Chic. & Atch. Bridge Co. fore­
closed Mar. 4, 1898, per. plan V, 65, p. 366. Stock, $700,000; par,
$100 per share. A sinking fund equal to the difference between the
annual interest on the outstanding bonds and $30,000 will retire
bonds yearly at par and interest (by lot if not purchasable in the open
market). Year ending Deo. 31, 1901, gross, $97,884; net, $77,476;
charges, $32,702; sinking fund, $5,501; renewal o f superstructure,
$39,704. President and Treas., H oward P. Eells, Cleveland, O.—(V.
67, p. 578.)
( T h e ) A t c h l s o u T o p e k a Sc S a n t a F e R a i l w a y .—(See M ap)—
The system operated July, 1901, com prised 7,809-76 miles of
railroad, and embraced an unbroken line o f track from Chloago,
111., via Kansas City, Mo., and Albuquerque, N. M., to the Paoiflo Ocean;
also to Galveston, Tex., and the Gulf o f Mexico.
O r g a n i z a t i o n .— This com pany was organized on Dec. 12, 1895
under the general laws o f Kansas, by the purchasers at foreclosure
sale o f the property and franchises o f the Atchison T. & Santa Fe RR.
Co. in accordance with a reorganization p l a n . (V. 6 0 , p. 6 5 8 .)
The railway com pany in Dec., 1901, owned in fee 4,668 miles o f the
system, including the line from Atchison to the western boundary of
Kansas, 471 miles, and also all, or nearly all, the bonds and stocks o f
the various companies in which the title to the other lines is vested. V.
68, p. 974. A list o f such holdings is in the general mortgage (in V.62, ]
ee V.69, p. 1&00; V.71, p. 27'.
732, 733, and successive annual reports)
For operating and statistical purposes the systemis divided as follow s;
Miles.
Atchison T. & S. F ............ 4,818'08 Santa Fe Paoiflo................ 875-30
fe
Gulf Colo. < S. F ................1,177-81 S. F. < San Joaquin Yal... 372-48
fc
Southern California.......... 487-37 South. Kans. Ry. of T e x .. 129-17
Total of all......................................................................................... 7,860*21
San Franoisoo & San Joaquin Valley Ry. (operated from July 1,
1900, and merged in June, 1901) embraces 373 miles of road ana
affords the Atchison an independent connection o f its own to San
Francisco. V. 68, p. 426; V .67 p. 841,1355; V .7 1 ,p .6 0 5 ; V. 72, p. 1134.
In Aug., 1901, the Eastern Oklahoma Ry. was incorporated to build
14 liu esln Oklahoma, in all 815 m., 225 being under construction Jan.,
1902. V. 73, p. 736; V. 74, p. 150. In June, 1902, control of the Cal­
ifornia & Eastern Ry., Blake to Manvel, C a l, 45 miles, was purchased.
In July, 1 902, it was proposed to build at once from Portales, on the
Pecos Valley, to Albuquerque, New M exico, form ing a cut-off which
will shorten the main line to the coast by about 200 miles. V .75,p.28.

3

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.RAILROAD

J u l y , 1902.]

STOCKS

AND

11

BONDS

Bonds—P rinci­
IN TEREST OR D IV ID EN D S.
pal, When D ue,
Miles Date Size, or
A m ount
R ate per When W here P ayable, and by Stocks—Last
of
Par
of
jpor explanation of colum n headings, etc., see notes
Outstanding
Whom.
Cent. Payable
R oad Bonds Value.
Dividend.
on first page o f tables.
R A ILR O A D S.

66
Atlan. City—(Con.)—
C., p r .lie n M .($350,000) g.
....
Camden County 1st m ortga ge..................................
A tl. City 1st con. M., $4,500,000, g., P.& i.g u .G P
__
Atlantic Coast L in e C o.{Conn,)—Stock, $30,000,000
Ctf s. of indebt., inc., non-cum ., $6,000,000.r.S B a .
do
do
do
red. a t l0 5 a ft ’r 2 0 y r s .S B a
___
A t la n , C oast L i n e R R —Stk., com m on .......... ......
___
Class “ A ” com . stk. tax exem pt (Rich. & Pet. ctfs.)
Preferred stock, 5 per cent, $20,000,000...............
Certs, o f indebt.. $ 3.000.000.4 p. c. if earned
1st consol. M , $30,000,000, g., te x t. CN. ...o * & r 3,453
B onds U nderlyin g - 1 st C onsol 4 s.
No. E ast (S.U.), cons. M., g „ Flor. to Charlest’n .c 102
192
W ilm. Col. & A u g., 1st M., (Wilm. to C olum bia).
674
A t.C .L .of S.C., gen. 1st M., $8,000,000, g .S B a .o*
59
Petersburg M., class A , g o ld ....................................
59
Do
class B, g., (Petersb. to W eld on ).
23
Richm d & Petersb., 1st m ort. ($24,500 are 7s) ..
27
Con. M., g. (Rich, to Pet., e t c .j.C e ................... c*
W ilm. & WeL gen. M .($938,000 a re 4 s).S B a .g .* o 468
Y a d .D iv.,lstM .,g.(S a n .to W il.,N .C .& c.).S B a.c" 177
86
W il. & N ew Bern, 1st M., gold, a ssu m ed .S B a
08
A lb .& R a L ,lst M., g.,ass’d(R .M t.to P ly m .)S B a
110
Nor. & Car., 1st M. ,g. (P.Pt.,Va. to Tar.,N .C.). C e.c
102
2d m ortgage, gold. S B a ......................................c
545
Sav. F lor. & West. 1st M ., g o l d . M p .............. c*«fcr
St. John’ s R. 1st M., g., red. atjpar till ’0 5 -C i.c 5 130
Charleston & Savannah, gen. m o r t , g o ld .S B a .c 5 103
103
1st and 2d pref. inc., $1,000,000 each, non-cun
171
Bruns.<feW. 1st M. Bruns, to Albany, g., gu, TIp.c
175
A la. Mid., 1st M., g.<Bainb. to M ontgom .) M p.x<
75
Sil. Sp. 0 .& G., 1st M., g. (Ocala to In v. & b r .)€ i.c 5
—
Certs, o f indebt, fo r div. in 1887, non-cum ., in c

$350,000
I g39,000
1,000,000
......
4 in ’01
2
$100 10,000,000
5 cur.
5,000,000
1897 100 &c.
4
5,000,000
1900 100 (fee.
100 22,150,200 2 ^ i n ’01
1,000,000 2 *2. in ’01
100
100 18,850,000 5 in 1901
4
1900 100 Ac. See text.
1902 l,0 0 0 & c 31,034,003
4 g.
1898
1890
1901

1883
1,000
1880
1,000
1898
1,000
1,000
1881
1,000
1881
1875 500 &c.
1,000
1890
1885
1,000
1,000
1899
1,000
1897
1894
1,000
1,000
1889
1896
1,000
1884
1,000
1899
1,000
1,000
1886
1886
1,000
1888 500 &o.
1,000
1888
1,000
1888
100
—

S t o c k .— The p referred stock has preferen ce as to assets and nonoum ulative dividends n ot exceedin g 5 p. c. p er ann., as declared b y the
board o f directors out o f n et profits. N o other m ortgage and no
increase in the p referred stock can be m ade w ith ou t the con sen t o f a
m ajority o f all the p referred stock and o f all com m on stock re p re ­
sented at a m eeting. The tota l authorized am ount of p referred stock is
$131,486,000, o f w hich $10,800,000 is reserved to acquire other
lines; also $6,486,470 in special trust fo r im provem ents, exten ­
sions, etc. Pref. stock certificates in S u p p l e m e n t o f A pril, 1897, page
3. Common stock authorized, $102,000,000.
D i v i d e n d s .— On preferred, 1 p. c. paid Jan. 2 6 ,1 8 9 9 ; Ju ly 2 0 ,1 8 9 9 ,
1*4 p. c.; in 1900, 4 p. c.; in 1901 and 1902, 5 p. c. each (F.& A.). Div.
on com ., June, 1901, 1*2 p. c.; Dec. 2, 2 p. c.; 1902, June, 2 p. c.
B o n d s .— The Gen. M ort. ( A b s t r a c t V. 62, p. 731-739, see also V. 68,
p. 974) is to the U nion Trust Co o f N. Y. as trustee, and gives a lien,
either b y direct m ortgage or by collateral trust, on the entire system
o f 7,380 m iles of railroad ow ned, together w ith all the equipm ent and
terminals ow n ed by the com pany, and future acquisitions.
General m ort. bonds can never exceed $165,490,500, in clu d in g $ 96,990,500 issued in reorganization and rem ainder issuable as fo llo w s:
,---------Reserved,---------*
In 1895.
In 1901.
a T o retire guarantee fu n d n otes paid and car trusts at

657,000
6 g1,600,000
6
5,547,000
4 g.
868,000
5 g800,000
6 g.
340,500
6 &7
4 ^ g.
300,000
4,000,000 4 g . & 5 g .
1,800,000
4 g.
4 g500,000
500,000
4 g1,320,000
5 g.
400,000
5 gw
6,500,900 5 g.& 6 g.
1,500.000
4 g.
1,500,000
7 g7
0)
4 g3,000,000
5 g2,800,000
1,107.000
4 g.
7
(?)

A.
A.
J.
M.
J.
J.
J.
J
M.
J.
M.

& O.
& O
& J.
,

& s.

&
&
&
&
&
&
&

D.
J.
J,
J.
N.
J.
S.

& J.
& D.
J. & J.
J. & J.
, & O.
M. & N.
A. & O.
J. & J.
J. & D.
F. & A
J. & J.
A. & O.
,
J. & J.
A. < O.
fc
J. & J.
J. & J.
A pril.
J & J.
M. & N.
J. & J.
A. & O.

Philadelphia.
do
do
Baltim ore.
In 1902 paid 5 p. c.
In 1902 paid 4 p. c.
Treas. Of., W ilm ., N. C.
do
do
do
do
do
do
1st cou p .8 m os.M a r.r03

A pr. 1, 1948
A pr. 1, 1920
J u ly 1, 1951
Mar. 10, ’02,2*3
Irredeem able.
Ju ly 1 . ’0 2 ,2 %
Ju ly 1 0 /0 2 ,2 %
Ju ly 10, ’02,2%
May 1 5 ,’02,2*3
July, 1902, 2%
J u ly 1, 1952

N. Y ., C uyler M. & Co.
New Y ork & Baltim ore.
Balt., Safe D. & Tr. Co.
R ichm ’ d and Petersb’g.
do
do
R ichm ond, Office.
N. Y ., B row n Bros.
N .Y.,Balt. and W ilming.
Balt., S. Dep. & Tr. Co.
do
do
do
do
N. Y ., Central Trust Co.
Balt. Safe Dep. & Tr. Co.
New Y ork and Savan.
do
do
do
do
do
do
do
do
N. Y ., M etropol. Tr. Co.
New Y ork.

Jan. 1, 1933
June 1 0,1910
July 1, 1948
Ju ly 1, 1926
Oct. 1, 1926
M ay 1, 1915
A pr. 1, 1940
Ju ly 1, 1935
June 1, 1949
A ug. 1, 1947
Jan. 1, 1944
A pr. 1, 1939
Jan. 1, 1946
A pr. 1, 1934
J u ly 1, 1934
Jan. 1, 1936
Irredeemable.
Jan. 1, 1938
N ov. 1, 1928
July 1, 1918
Irredeem able

O f f i c e r s .— Chairman o f E x ecu tiv e Com m ittee, V ictor M oraw etz; E.
P. R ip ley, President; D. L. Gallup, C om p.; H. W. Gardiner, A sst. Treas.
D irectors.—Charles Steele, R . Som ers H aves, E dw ard J. Berw in, G eo. G.
H aven, J oh n G. M cC ullough, H. R iem an D uval, Thom as P. Fowler, V ictor
M orawetz, o f New Y ork : B P Cheney, Boston; Edw ard P. R ipley, B yron L.
Smith, Chicago; A n drew C. Jobes, H ow el Jon es, Charles S. G leed, T opeka;
E. D. K enna, Chicago.
O f f i c e .— 59 Cedar St. N ew Y ork .— (Y. 74, p. 1194; Y . 75, p. 28.)

A t l a n t a & C h a r l o t t e A i r L i n e B y . —(See Map Southern R a il­
way System,)—Owns Charlotte, N. C., to Atlanta, Ga., 269 miles.
The operating con tra ct o f 1881 (made with R ichm ond & D anville)
was assigned to and accep ted b y the Southern Ry. Co. It requires
the paym ent o f interest on At. & O. debt and 5 p. c. on s t o c k ; if gross
earnings exceed $1,500,000, dividends to be 6 per c e n t ; and if they
exceed $2,500,000, 7 per cent.
D i v i d e n d s , > 1881 to ’ 89. 1890. 1891 to Mar., 1901,incl.
Since,
Per cen t— $ 5 yearly.
5^
6 yearly (M. & 8.) 7 y rly . (M.&S.)
E a r n i n g s .— F or yea r ending M arch 31, 1902, gross, $2,898,978,
against $2,686,193 in 1900-1. A pr.*l to A pr 30, 1 month, $229,669 in
1902; $213,680 in 1901. Pres., C. S. Fairchild, N. Y .—(V. 73, p. 553.)
A t l a n t a K n o x v i l l e & N o r t h e r n B y . —(S eeL .& N .M ap),—K n o x ­
ville, Tenn., to M arietta, Ga., 205 m ile s ; and M urphy to B lue R idge,
n ot exceeding $1,250 fo r each $1,000 o f old b o n d s ... $15,500,000 $2,801,000 25 miles; trackage, M arietta, Ga., to A tlanta, Ga., 20 miles.
b Non assenting bonds from reorganization o f 18c9
H i s t o r y .— A reorganization per plan in V . 6 2 ,p. 1040, o f the M arietta
($1,559,950, since reduced to $036,210)........................... 1,500,000
570,000 & N orth G eorgia, foreclosed. Stock, com m on, $3,000,000; preferred, 5
c Chicago < St. Louis 1st m ortgage 6s................................. 1,500,000
&
1,500,000
p er cent, $1,500,000, issued in 1901 in exchange for second m ortgage
For im prov’ts, term inals, second track, equip’t, etc.,
incom es, in A pr., 1902, the Louisville & N ashville acquired a m a jor­
under carefully guarded restrictions at n ot ex ceedin g
ity o f the stock. V. 74, p. 775. Of the consol. 4s, dated Mar. 1, 1902*
$3,000,000 yearly, o f which n ot ov er $750,000 fo r ex ten ­
s io n s ............ ...................................... ......................................... 30,000,000 14,F00,500 $ l,0 0 0 ,c 0 0 are reserved to retire the first 5s, now lim ited to that
For acquisition o f A tla n tic & Pacific and oth er lines........ 20,000,000
7,326,500
am ount, the balance being issuable fo r general purposes.
The Adjustment Mortgage ( A b s t r a c t V. 62, p. 739) is to the Central
E arn in g s .—11 m onths, < 1901-2........Gross, $573,902; net, $217,426
Trust Co. as trustee. Interest is payable on ly out o f net earnings
July 1 to M ay 31.
(1 9 0 0 -1 ........ Gross, 439,628; net, 127,116
fo r the fiscal year up to 4 per cent and the rate is to be
R eport fo r year ending June 30, 1901, V. 73, p. 1109, show ed
determ ined on or before O ctober 15 in each y e a r ; interest
was non-cum ulative till July 1, 1900, and cum ulative thereafter. Gross, $482,592; net, $138,785: in t.,$54,42 L; im provem ents, $329,578.
Present issue is limited to $51,728,000, but when the $30,000,000 gen­ President (July, 1902), M ilton H. Smith.—(V. 73, p. 1311; V. 75, p. 28.)
eral 4s authorized for im provem ents as above have been issued (i . e.,
A t l a n t a & W e s t P o i n t B B . —Atlanta, Ga., to West Pt., Ga., 86 m.
not before June 3 0 ,1 9 0 5 ), $20,000,000 additional adjustment 4s may Ga. R R ., June 30, 1900, ow ned $494,500 stock and $388,900 deb. cert.
ne issued for the same purposes at not exceeding $2,000,000 in any one A belt line around A tlanta, 5 ^ m iles, is operated at rental o f 4 p. o. on
year, but only by a m ajority vote o f the adjustment bondholders. I n ­ its coat, viz., $410,535 V. 71, p. 963; V. 73, p. 1354.
terest—In N ov., 1897, paid 3 p. c.; since, full 4 p. c. yearly.
D i v i d e n d s b e g u n in 1855 were for many years 8 p e rc e n t per annum.
San Francisco dt San Joaquin bonds m ay be draw n at 110.
From Ju ly 1, 1884, to J u ly, 1901, inclusive, 6 per cen t yearly, J&J;
The $30,000,000 debenture 4s o f 1902 w ere issued to pay for $13,- Oct. 1, 1899, 25 p. c. extra (V. 69, p. 590L
000,000 equipm ent ordered since July 1, 1901. and to co v e r the co st
In 1900-1 gross, $74 5,1 0 3; net, $255,009; other incom e, $ 3,8 33 ;
of securities o f Santa Fe Prearott < Phoenix, and construction o f new charges, $174,885 ; dividends, $ 73 ,93 2 ; surplus, $10,025. In 1899-0,
fc
mileage already made or authorized, am ounting to $5,000,000, and gross, $702,475; net, $267,705 —(V. 69, p. 590; V. 71, p. 963.)
additional equipm ent, term inal facilities and other perm anent im­
A t l a n t i c A B i r m i n g h a m B B . — W aycross, Ga., to Fitzgerald,
provem ents made or incurred since July 1 ,19 01 , or hereafter to be in­
curred. No new m ortgage on lines now owned can he issued unless p ro ­ 71 miles. E xtension from Fitzgerald to Cordele, Ga,, 38 miles, com ­
vision is made for securing debentures thereunder. -S e e statement, Y. pleted, in A pril, 1902. U nder construction from Cordele to Montezuma,
74, p. 150, and official statem ent in Y. 74, p. 204, show ing respective- 30 miles, and Oglethorpe, and p rojected further to Talbotcow n ; also
projected Jrom W ay cross to the A tlan tic Coast at Brunswick or St.
positions of debentures and adjustm ent bonds.
Mary’ s, or both, about 85 miles. In O c t , 1901, it was voted ro extend
G e n e r a l IG n a n c e s .— Capital expenditures f rom date o f organiza­ the road northw esterly from Cordele, Ga., tow ard Birmingham, Ala.,
tion to sept. 3 0 ,1 9 0 1 , see V. 73, p. 1311 The com pany in Jan., 1902, about 124 miles, and from a poin t in M eriwether County, at or near
h sued $30,000,000 debentures, payable $2,500,000 yearly; see above. Warm Springs, about 75 miles; total to be 397 miles. Name was also
in 1901 dividends on com m on stock were begun. V. 73, p. 733
changed from Way cross Air-Lino R R.—V. 73, p. 899.
The total funded debt per mile of road July 1, 1901, was $25,283;
St o c k , Bonds , E tc .—Stock, $7,080,000; issued, com m on, $504,000;
interest charge, $1,024 — Y. 73, p. 734.
preferred, $700,000; par, $100. Of the bonds $150,000 are prior liens
L atest E arnings , - n > 1901 -2.Gross, $54,090,804; net, $23,394,700
subject to call after 5 years at 110 and interest. Balance above $500,~
moB.,July 1 to May 31. $ 1900-1.Gross, 49,857,388; net, 20,072,744 000 bonds shown in table above can on ly be Issued at $5,000 per mile
Deducting taxes and rentals, balance for interest in 11. months o f o f com pleted road o v e r 70 miles. Oar trusts, $28,380.
1901-2 wan $21,530/738, against $13.239,534
Road operated 7,853
L atest E arn ing s .—For 12 months ending June 30, 1902:
average miles in 1901-02, against 7.809 miles In 1900-1, the operations
12 moH.
Cross.
Net,
Charges.
Bal, su r.,
of the Han Fran. A Han Joaquin V alley R R ., 373 ratios, being Included
t.
1901-2..........................$147,470
$65,405
$25,000
$10,405
In both years
Estimated earnings for the fiscal year 1901-2 showed
1900 I
______
83,198
28,289
25.000
3,280
about 10 p ercen t on the com m on stock, less the proportionate amount
Year 1901-02 (aver, miles a b o u t 8 0 ),g ro ss,$147,470; n et,$05,405; in ­
of the principal and interest of the debenture bonds (about J Bi per terest on bonds, $25,000; balance, surplus, $40,405. Brest., W. G.
cent), or about S h pfjr cent. V. 7 1, p. 1 188J
Raoul, 1 Nassau St., New Y ork; Vice-Pres. A. (leu. Man. Geo. 1). WadStatement for 0 month ■ ending Deo. 31, 1901, w as in V, 74, p. 323, ley; Sec. A A uditor, W. J. Swain; office, W aycross, Ga. —(V.74, p. J138.)
ftbo wing : Gross, $30,876,250; net., $ I3,472,04 I , again t $ 1 1,01 1,272 ;
A tiiiiitlc C ity If 1C.—Camden to A tlantic City, 57 m. (double track);
taxes and rentals, $9 I5,K42 ; other Income, $153,1 f0 ; ini. olturges (in­ branches. 84 in.; W inslow .I unction, to Cape May, N. J., 8oa Isle C ity,
cluding adjustment bonds), $3,971,435 ; div. on pref. 2*g j>. c.), $2,854,- Ocean C ity ; total, 107 miles A consolidation In June, l o o i , per
845; dividend on corn. (2 p» c.), $2,039,110; bal., surplus, $3,8 13,055.
plan 111 OimoNlOLiC, V . 72, p, 1278.
STOCK, com m on, $2,025,000;
R e p o r t .— n n u a l meeting seconu Thursday in Decernher. R eport
A
preferred, $1, 000,000 (par, $50). The Reading Oo. owns the greater
for year 1900-01 was given in V. 73, p. 718, 734; see also page 700. part o f the stock, and guarantees the mnv consol. 4 h, principal and
A verage freight train load, 242 tons In 1,000-01, against '221 in i 399 O. interns!.
Of the latter, $3,500,000 arc reserved to retire the old
bonds shown in table above and $75,000 real estate m ortgages and
Years end. June 30— 1001.
1900
1899.
1898.
for im provem ents, 8ee V. 73, p. H I.- (V. 73, p. 31, 811.)
A ver, miles operated
7,807
7,311
7.033
0,030
Gross earnings.........$54,474,822 $40,232,078 $40,5X3,400 $39,21 1,101
A t l a n t i c C o n st L in e < !o . ~ .(See Map*) -'O rganized
May 29.
Operating expenses 32,202,940 27,521,499 27,000,081 28,500,330
1689, under the laws o f ( 'onneetlout, and own s a m ajority o f capital
stork and a large amount of the bonds In a system o f railroad oomNet earnings... $22,211,870 $18,710,579 $12,900,818 $10,707,705 iiardoB denominated Tor convenience the A tlantic (-oast Nun Bystem.
Tim system Includes about 4,000 miles as follow s In addition to a half
1900-01.
IH O 00,
O1,000-01.
1800 no.
Net earniTiurs.... $22,31 L870 $18,710,570 Taxes, etc...... $2,260,005
$ 1,802.028 interest in leas© o f Georgia. HR. system (015 miles) Required In July,
832,667
260.820 Interest............. 7,880,- 1 1
Other income__
7. 15,107
1899, from the Louisville »V Nashville and u sixt h Intercut In the Rich­
Oo. f 115
Mopt., 1901. V, 78*
*, Net income,...$22,644,433 $18,077,800 Bal.,surp.,. .$12,474,677
...... ,
$0,780,804 m ond Washington 5, 5 9 1 .7 4ruilcs). purchased in the Bavanuah Florida
p. 403; V. 09. p .38
8 . On Jid v I. 1902,
Dividend on preferred atonk...............................................(&£)&,70H,fUK) (2& )2,130,560
S Western Ry. (1,005 miles) W Consolidated with the A tlantic Coast
r
AH
Dividend on common stock................. .................. .
o,.j u
.;
.......
Lino RR., the sororities held by 1ho Plant 1 vent merit Co. being d eliv­
.
4i
Balance, surplti* for year................. ............................ ..$.* ,280,606
$0,500,788 ered at the same time. V, 74, p. 771.

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KA1LBOAU

STOCKS

AND

BONDS

13

Bonds—Princi­
RAILROAD8.
INTEREST OR DIVIDENDS.
pal,When Due.
Miles Date Size, or
Amount
of
of
Par Outstanding Rate per When Where Payable, and by Stocks—Last
For explanation of column headings, &c., see notes
Road. Bonds Value.
Cent. Payable
Whom.
on first page of tables.
Dividend.
Atlantic Coast Line RR.—(Concluded.) ....
6
M. & N.
. . . . $1,000
8Decial trust certificates..........................................
1937
(?)
1,000 $3,925,000
All. <£Danv.—lstM .,g.,$4,425,000,int.rental.fiIe.c* 278 1900
4 g. J. & J N.Y., Mercantile Tr. Co. July 1, 1948
....
___
Check from Co.’ s office. Sep. 1 5 /9 9 ,2%
100
1,797,200 2 in 1899
Atlantic <t No. Carolina—8tock, $1,800,000.............
....
6
1,000
325,000
J. & J. Balt.,Nl.F’rm’rs’ &P.Bk July 1, 1917
1st mortgage, $325,000. .file B a .............................
1887
. . . . £&$100
6
M. & S. London and Portland. M ch.,1902,3%
5,484,000
Atlantic < St. Lawrence—Stock, 6strental Grand TFb 172
&
1,000
1,282,000
Atlantic Valdosta < TF.—1st M.,g., red. a tllO .C e.c* 118 1899
£
5 g. M. & 8, N. Y., Central Trust Co. Mch. 1, 1939
....
5
Savannah, Ga.
July 5 , ’ 02, 21*
Augusta < Savannah—Stock 5% rental Central G a..
6
53
$100
1,022,900
J. & J.
85 1894
Auausta No.—1st consol. M., g o l d ............... ..C e .x c
n400,000
1,000
5 g. J. & D. N. Y ., J.P. Morgan & Co. Deo. 1, 1924
....
....
3L) J. & J. N ew Y ork, Erie RR. July 1, ’0 2 ,134
Avon Oeneseo & Mt. Morris RR.—Stock (see te x t)...
100
225,000
....
....
Bald Eagle Valley—Stock, $2,600,000.......................
50
10
F. & A.
Feb. 1, ’ 02, 5%
1,535,000
93 1880
1,000
6 our. J. < J. Phila.,F.Ins.Tr.&8.Dep. Jan. 1, 1910
1st M. orig. $400,000 (s. f., drawn at 1 0 0 )...F P x r
312,000
fc
...
Baltimore <&Annap.S.L.Stock, com m on...... .........
...
*
100
358,000 7 1 i n ’ 02 J. & J.
Baltimore.
July 1, ’02, 3i*
IstM . $400,000, g.,su bj.to c a lla t llO ..,..fife B a *
1,000
28 1898
334,000
5 g. J. & D. Balt., A. Brown & Sons Deo. 1, 1923
1894
Baltimore Chesapeake < A Wan.—1st mort., goldAo*
&
88
1,000
1,250,000
5 g. M. & S. Phila., Broad St. Stat’n. Sept. 1, 1934
3 1879
Balt. & Oumb Val. Ry.—1st m ort., interest rental.
500
48,500
6
J. & J. Balt., Farm. & Meo. Bk. July 1, 1929
do
do
July 1, 1929
Balt. < Gumb. Val. EE —1st mort., interest rental
6
5 1879 100 &c.
6
72,800
J. & J.
....
50
....
do
do
July 1, ’ 0 2 ,3i*
Balt. < Oumb. Tal. RR. Exten. Stock, 7 p. c.,guar.
&
270,000
J. & J.
7
27 1881
1,000
230,000
do
do
July 1, 1931
1st mortgage, interest ren ta l.file B a ................. .
6
J. & J.
32 1886
1,000
do
do
Nov. 1, 1936
Baltimore & Harrisburg E E.—M., gold file Ba.O*
690,000
5 g. M. & N.
do
do
1stM.West.Ext. ($16,000 p. m .),g .,g u .file B a .c *
15 1888
1,000
5 e. M. & N.
May 1. 1938
240,000
__
B a ltim o r e & Ohio—Common stock, #100,000,000 ___
100 75,996,200 4 in 1901 M. & S. Co.’ sOfflce,2Wall8t.N.Y Mch. 3 ,1 9 0 2 ,2
....
Pref. stock, 4 p. o., non-cum, auth. $60,000,000..
100 59,361,267 4 in 1901 M. & S.
do
do
Mch. 3, ’02, 2%
July 1, 1925
do
do
Prior lien mort., gold, not subj. to call.file..e*<5sr 1,017 1898 500 &o. 71,000,000
g.
IT
1st m ort., gold, red., at 105 after 1923.TJs..c*&r 570 1898 500 &e. 67,500,000
do
do
July 1, 1948
4 g.
§
Southwest’n Div. Is tM ., $45,000,000, g.F..o*& r 921 1899 500 &C. 43,000,000
July 1, 1925
do
do
3i* g.
IT
*
Pitts. Jc.& Mid. Div. ($20,000,000) 1st M.g.Ce.o*&r 37R 1898 500 &o. a 6,175,480
do
do
Nov. 1, 1925
31* g.
Nov. 1, 1941
P. L.E . & W .V Sys. ref.,g.,red.l0 0a ft.’ 25 C n .c 'A i 1,633 1901
1,000 20,000,000
do
do
4 g. M. & N.
....
Conv. deben., $15,000,000, gold, red., see te x t...
1901
1,000
do
do
Mch. 1, 1911
6,541,000
4 g. M. & S.
B onds U n derlying 1st mort. 3 ^ per cent.
Loan, 1853, extended in 1885, gold . . ..................
380 1853 500 &o.
N. Y ., Speyer & Co.
Oct. 1, 1935
118,000
4 g. A. & O.
....
P itt.& C onsist M „ext. in 1896 in gold ....................
1868
1,000
69,000
4 g. J. & J. N. Y. Office, 2 W all St. July 1, 1946
B onds U nderlying Southw estern Dry. 34*8.
—
Various.
B. & O. 8. W. EE., etc............................................ o*
....
32,000 Var., g. Various N. Y ., Farmers’ L. & Tr.
....... ___*-----------------------------------------------------------------2--------------------------------------------------------------------------------------------------------- -------------------------------------------------------------- -- ----------------------------------------------IT Coup., J.-J.; reg., Q.—J.
§ Coup., A .-O .; reg., Q.-J.
* Coup., M.-N.; reg., Q.-F.
a In addition $7,635,050 are pledged as part collateral for the Pittsh. L. E. & W. Va. System 4s.
b Also $475,000 additional unguar’ t’d.
Company—if See this Co.
Miles.
Company—
Miles
Atlantic Coast Line RR.ff 3,549 Chas. & Western Carolina....IT 342
Central South Carolina ___
40 Other lines................................. 50
S t o c k .—A s to rights of certificates o f indebtedness, see editorial,
Oct., 1897, Su p ., page 3.—V. 65, p. 564; Y. 71, p. 1310. In Nov., 1898,
stock was increased to $10,000,000, the additional $5,000,000 being
distributed as a 100-per-cent dividend.—V. 67, p. 954. In Decem ber,
1900, were distributed $10,000,000 4 per cent certificates of indebted­
ness (including $2,500,000 of A tlantic Coast Line EE. Co.) as a 100-p c.
dividend to represent the profits from the consolidation by which the
Atlantic Coast Line ER. was formed, $2,500,000 of which were pur­
chased in the open market in Sept., 1901.—Y .71, p. 697; V. 73, p. 493.
As to securities pledged to secure equally t t e certificates of indebted­
ness of 1897 and 1900, see V. 71, p. 1310.
C a s h D i v id e n d s , 5 18 9 5 . 1896.1897. 1898. 1899. 1900. 1901 19 02 .
Per cent—
( l1
*
3
3 J*
4 4 i*
5
4 3 Mar.,21
a
*
Full interest has been paid on the certificates of indebtedness to
1902.—(V. 71, p. 1218, 1310; V. 73, p. 493, 899; Y. 74, p. 726, 829.)
A t l a n t i c ( ’o a s t L i n e R R , - (See M a p .}—Operates from Rich­
mond via Charleston, Savannah and Jaeksonvillejto Port Tampa, Fla.,
with numerous branches, to Norfolk, Ya., Wilmington and New Bern,
N. C., Brunswick and Albany, Ga., and M ontgomery, Ala., etc.
Lines owned.
Miles.
Lines owned.
Miles.
Richmond, Ya., to Port Tampa,
Dupont Jet. to Inverness, Fla. 247
F la.............................................. 898 Branches, etc............................1,269
Norfolk. Va., to South Rooky
Leased—
Mount.........................................115 Central RR. o f 8. Carolina—
Contentnea to W ilm ington___105
Lane to Sumter, S. C ..........
42
Florence, S. C., to Robbins.......138 Other lines................................
37
Sumter to Columbia.................... 43
Trackage—
Wilmington. N.G.,to 8 a n fo rd .ll6 Robbins to Augusta, Ga., etc.
57
Jesup, Ga., to Montgomery,
A la ............................................. 353
T o ta l...................................3,589
Brunswick, Ga., to A lbany___169
Also owns one-sixth Interest in the Richmond-W ashington Co. and
one-half interest In Atlanta (Ga.i Belt Line Co., 5** miles. Leases,
.jointly with the Louisville & Nashville RK., the Georgia RR., which
operates and controls 624 miles.
O r g a n i z a t i o n — .Originally the A tlanticC oast Line o f Va. (change o f
name being authorized in Jan., 1900); in April, 1900, absorbed by
consolidation (per plan V. 70, p. 840, 893) the follow ing allied prop­
erties : Wilmington & Weldon ER., South Eastern RE., A tlantic Coast
Line railroads of South Carolina and Virginia N orfolk & Carolina RR.
Tne Atlantic Coast Line Co. (of Conn.) owns a m ajority of the stock,
Including $10,800,000 of the preferred stock; also, $1,550,000 Atlantio
Coast Line o f 8. C. gen. 1st 4s, <&o.-V. 70, p. 893: V. 71, p. 1116, 1310,
The Savannah Flor. Sc Western By., which owned and controlled 2,234
relies, was merged, possession being taken July J, 1902, this including
the Florida Southern and Sanford & Bt. Petersburg, whose entire
stocks are owned, hut whose mileage Is not Included In the table above.
These lines formed the old plant system. V. 74, i>. 774,829.
S e c u r i t i e s .- Atl. Coast Line RR. of Va., class A , tax-exem pt stock
w as assumed as so much o f the common stock o f the new company.
Under the consolidation with the B. F. A W . In 1902 the total stock
was increased from $34,740,200 to $42,000,000.
'the first consul, gold 4-1of 1902 ($80,000,000 authorized, limited to
,
$20 OOO per mile) are a first lien on about 570 miles of road and a
iu.iukei lien on the remaining 2,883 miles owned,subject to the underl in!.!; bonds. The first consols are Issuer! or reserved as follows:
Issued forthw ith....................................................................
$31,034,000
Reserved to take up underlying liens..... ............................. 35,102,000

R e p o r t .—F o r tb e y e a r ending June 30, 1901, the earnings of the
properties consolidated were: Gross, $15,665,023; net, $5,495,108;
other incom e, $258,824; taxes, $57a,554; interest, $2,429,461: bal.
o v e r interest charge, $2,744,316. R eportforyea ren d in g Ju n e30 ,1 90 1
(not including Plant system), was In V. 73, p. 1353:
uross
Net
Other
Interest,
Balance,
earnings.
earnings.
income.
taxes, etc.
surplus.
1900-1..$7,915,098
$3,270,269 $62,916
$1,567,527 $1,765,658
1899-0.. 7,586,746
3,275,147
131,012
1,253,753 2,152,406
From surplus as above in 1901 were paid dividends on preferred
(5 p. o.) $931,007 and on com m on (2 8) p. c.) $397,255, leaving balance
surplus for year $437,396.—(V. 74, p. 1354; V.J75, p. 28, 76, 134.)
A t l a n t i c < Danville B y . —(Nee M a p S o u th e rn B y . ) — West Nor­
fc
folk, to Danville, Va., 205 miles, three branches, 26 miles; James R iver
Junction to Claremont (3 feet gauge) 51 miles; total, 282 miles. Leased
to Southern Ry. from Sept. 1 ,18 99 , to July 1 ,19 49 , fo r taxes, repairs,
maintenance and cash rental sufficient to cover interest charges and
for five years ending June 30, 1909. $31,000 annually in excess
thereof; for remainder o f term, $61,000, with privilege o f renewals
for terms o f 99 years. In addition the Southern Ry. agrees to pay the
same rate o f dividends on the com mon stock as may at any time be
paid on its own com mon stock.—V. 71, p. 447.
S t o c k .— Common, $2,180,000; pref., 30,992 shares, par originally
$100, but reduced 60 per cent b y paym ent from proceeds o f sale of
bonds, viz , 40 per cent in 1900 and 20 p. o in N ov., 1901; further pay­
ments to be made latter part of 1904 and 1909, when it will be entirely
canceled. See V. 71, p. 181, 862; V. 73. p. 722, 956.
B onds .—Of the $4,425,000 fours of 1900 $500,000 can be issued only
fo r Improvements upon request o f Southern Ry.
In 1898-99 gross, $596,900; net, $160,245. R eport for 1897-98 was
in V. 68, p. 184.—(V. 73, p. 722, 899, 956,1061; V. 74, p. 774 )
A t l a n t i c & L a k e S u p e r i o r B y . —In Apr., 1900, operated Metapedla, Que., to West Paspeblao, 98 miles; owned St.Gregoire to Nlcolet,
7 m.; St. Francis to Yamaska, 6 m.: Y am askato Sorel, 10 m.; Laohute
to St. Andrews, 7 m.; total, 128 miles. Was under construction, W est
Paspebiac to end of wharf, 4 m.; Paspeblao Juno, to Port Daniel, 21 m.;
Pierrevllle to Nlcolet, 15 m.; St. Gregoire to Chaudiere Juno., 67 m.
In April, 1902, road was operated by trustee for bondholders.
Stock authorized, $10,000,000; par, $100; issued, $2,602,500. Bonds,
.£500,000, 4s; none Issued to April, 1901. For year ending June 30,
1901, gross, $33,336; net, $545. President, Hon. J. R. Thlbaudeau;
Sec.. Edgar N. Armstrong, Montreal.—(V. 68, p. 329; V. 70, p. 1148.)
A t l a n t i c dt N o r t h C a r o l i n a B B .-M o r e h e a d City to Goldsboro.
N. O., 95 miles. State o f North Carolina owns $1,266,500, $1,797,200
stock.
D i v i d e n d s .— ) ’ 92. ’93. ’94. 1895. 1896. 1897. 1898. 1899. 1900
Per cent.
{
2
2
2
0
2
2
2 2
0
Earnings .—For year ending June 30,1901, gross, $240,505; net,
$88,510; total deductions, $90,342. b al.,d eficit,$1,832.—(V. 68, p .472.)
Atlantic Valdosta A Western B y . —
c
(Nee M a p .) Valdosta, Ga.,
to Jacksonville, Fla., 118 miles, including terminal lines. Uses Jack ­
sonville Terminal Ry., and owns one-fourth Interest.—V. 71, p. 134.
The Southern Ry., having aoquirod all the stock and bonds, took over
the road on July 1, 1902.
S t o c k a n d B o n d s . —Stock, common, $1,000,000; p r e fe r r e d , $1,000,
000. Mortgage Is for $5,000,000. —(V. 68, p. 1022).
E a r n in g s —Year ending Juno3<>, 1901, gross, $198,294; not, $52,833;
fixed charges and taxes, $65,109. Year 1900-1, gross, $235,045; In
1901-2, $ 2 0 9 ,9 7 7 .-(V. 74, p. 1088, 1307.)
Augusta Sc Savannali B B . —Mlllen to Augusta, Ga., 53 mile*.
In 1806, re-leased to Con. o f Georgia at 5 p. o. on stock.—V , 61, p. 239.
R e s e rv e d fo r a c q u is itio n * , e x te n s io n s , im p r o v e m e n t- a n d
equipment................................................................................... 13,?04,000
Augusta S o u t h e r n B B . —Owns from Augusta to Sandersvllle,
Of tin: present Issue ($31,034.000), $12,451,000 were used to retire Ga., 80 m. , and BandersvIUe & TennllloUR., 4 miles. The Southern Ry.
Hav. Flor. Sc West, consol, is to the same amount, $7,045,000 were In Jan., 1001, acquired about four-fifths o f the stock, and so controls,
applicable to the retirement or 43.000,000 All. Coast Line eertfs. of although the lease was annulled April 25. 1.901. V. 73, p .3 4 3 . Com­
indebtedness and *2,880,000 Wilmington Sc Weldon 6 and 7 p ercen t mon stock, $400,000; pref., #350,000; par, $100. Gross cam s, from Apr.
irredeemable certificates of Indebtedness (over 75 per cent of the 20 to Juno 30, 1001, $10,072; def. under operating, #8,512; total de­
holders of which had in July, 1902, consented to exchange fertile ductions, $4,357; def. for period, $12,809.- ( V . 72, p. 935.)
new bonds) and #10,089,000 to the purchase o f the $ 12 ,*00,000
A u»tl ii de N o r t h w e s t e r n B B . —Bee Houston * Texas Oentr'l Ry.
H F Sc W. preferred stock and $5,000,000 Bruns. Sc West, arid Churl.
A v o n O e n o a e ® dr. IT It . Ilf o r r i s It I t . — Mt. Morris to Avon N . Y . ,
* Hav. Income bonds (about 05 per cent Of the lai ter having been
18 miles. Leased to Erie RR. Fell. 20, 1800, In perpetuity a t ’i 'u p. 0.
acquired). V. 76, j>. 70.
on stock for 4 years from Jan 1, 1890, 3 p. o. for I year more and 3 1
*
Dividends ,- Dividend* on pref.,2*{i per cent paid Nov. 15,1900; p, o. thereafter.—(Bee V. 03, p. 512; V. 02, p. 318, 589.)
1901, 5 p. o. (paid M -N .); 1902, May, 2 ‘ a n, o. On common, Including
B a ld ICngle V n lle y H i t . —Owns from Vail Station, Fa., to Look
c la s s
" A " stock, 1 per cent paid Jan. 10, 1901; July, 1 hj p. e.i In 1002,
Pa., 51 m iles; brandies to Sugar Camp, etc., 42 miles.
.I»n , 1 »* p. o , July, 2 p. o. Oil certs, of Indebtedness, Jam, 1901, to haven, to Penn. RK. Co. for 99 years from Doe, 7, 1H04. Rental, 40
Looted
.July, 1902, 4 p, o. yearly (J.-J.)
per cent, of gross earnings. Rental 1901, $260,020; other Income,
L atest E arn ' d *—1 1 mos, , 1001 -2.G ross,$7,033,030; n et,$3,024,045 $7,808; Int., taxes, eto„ #53,874; dividends (10 p. o.), $140.0251 bal.,
a , 801 rn.) J ’ ly 1 to May 3 1 $ 1900-1 Gross, 7,163,174; net, 2,041,750 sur., $79,995. Rental In 1000, $201,870. Pennsylvania UK. Jan. I,
1002, owned $700,250 Htook. (V. 00, p, 708.)
For 0 mos, to April 1, 1902, consolidated earnings were: Gross. #12,
236,087; net, $4.580,943; net,, $4,580,943; other income, #373,193;
B a l t i m o r e A A n n a p o l i s S h o r t L i n e B B . —Own* road from
t a x e s , $453,304; interest, #1,723,074; dividends on stock ', $890,941;
Cliffords to Annapolis, Md., 22 mile . In 1807 acquired control or
other payments, #46,048, bal., sur., $1,839,807
Annapolis Washington <t BaltlrnoreRR. Co,, owntn |
i3,575 out o f 3,580

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16

INVESTORS’

SUPPLEMENT.

LV L. l x x v .
O

Bond#—Princi­
INTEREST OR DIVIDENDS.
Miles Date Size, or Amount
pal, When Due.
of
of
Par Outstanding
Rate
When Where Payable, and by Stocks—Last
Road. Bonds Value.
Per cent. Payable
Whom.
Dividend.

RAILROADS.
on first page o f tables.
Baltimore < Ohio—(Concluded)—
6

B o n d s U n d e r l y i n g P it t b b . J u n o . & M i d . D IV. 3*2 s,

GenLO., $2,500,000,con.lst M .(ls tl’n) g .M e B a .o
Sand. Mans. & Newark, $2,300,000,1st M .U n.c*
Plttsb. Juno., 1st m ort., $1,400,000, g o ld .M e ..c
2d mortgage, $300,000, g o ld .M e ....................e
Pitts. Jo. Ter. 1st M., $500,000, g., gu. p.& i.OTe
B o n d s U n d e r l y i n g PiTTSB’ g L a k e E r i e &

®v.Lor. & Wheel. Cons. M. (now 1st) g. ITsm .o '
General m ort., $1,000,000, gold,red. 105.N...C
Con.ref. M.,$10,000,000. g., red. atHWLj.CoJ.o*
Viev. Term’l & V alley 1st M., g., red. par.ITIe-c*&r
Monong. River RR., Is tM ., g., gu. B. & O .C e...c*
Ohio & Little Kanawha Ry., 1st M., $250,000, g
Ohio River, 1st mort. ($2,000,000), gold F P . . e ’
Gen. M. ($3,000,000), gold, 1st on 39 miles c’
Rav.Sp.&Gl. IstM ., $400,000,g., gu. p .& i.F P o’
Huntington & Big S. 1st M. ($400,000), g., gu.o’
Ripley & Mill Cr’k 1st M .,g., gu. p.&i.,end.c*&r
Pittsb. Clev. & Tol, 1st M., g., red. 125 to Feb., ’ 03
Pittsb. Painesv. & Fairport 1st M., g.................c*
Pittsb. Newcastle & L. E., 1st m ort., ext. in gold
Pittsb. & West., 1st (cons.) M. $10,000,000, g..c*
Ellwood Short Line, 1st M., gold, $300,000... G
Trumbull & Mahoning, 1st m ort.........................
W. Va. & P., IstM . g, 5s, scaled; red .p ar.M eB a .c*

137
116
7
....

1886 $1,000
1869
1,000
1882
1,000
1894
1,000

W e s t V lR G I NIA 48.

192
192
....

75
32
80
169
209
33
11
13
77
63
30
210
3
11
159

L e a s e d L i n e s , E t c ., S e c u r i t i e s .

Balt. < N. Y. RR., 1st M., gold, g u a r.M eB a .c& r
ft
Mon. Riv. Coal M., $1,500,000, g., s. f ., red. at par
Sehuyl. R. E. S. RR. 1st M., g., red. ( t e x t ) .F e P ..
S. I. Rap. Tr., 1st M., $1,000,000, g., $ or £ .U s .o ’
2d mortgage, gold, guar., $2,500,000.S ........ c*
S. I. Ry., 1st m ort., $1,000,000, g o ld .M e ........ c*

513
....

11
11
11
13

1893
1,000
1896
1,000
1900
1,000
1895
1,000
1889
1,000
1900
1,000
1886
1,000
1887
1,000
1890
1,000
1892
1,000
1888
1,000
1882
1,000
1886
1,000
1878 100 &c.
1,000
1887
1892
1,000
1887
1,000
1890
1,000

1889
1895
1886
1883
1899
1893

1,000
1,000
1,000
1,000
1,000
1,000

B . & O. E q u ip m e n t O b l i g a t io n s —

Real estate, car trusts, eto., March 3 1 ,1 9 0 2 .......
Car trusts, gold, $1,000,000 due annully.S.......o*
Bangor <■Aroos.—1st M., ($16,000 p. m.) g .G ---- c*
£
2d mortgage, g o ld .U s m ....................... •
...................
x Largely owned by or fo r Baltimore & Ohio.
*

$1,009,000
638,000
*959,000
*270,000
*219,000

4*9
7
6
5
5

g. M.
J.
g. J.
g. J.
g. A.

5,000,000
893,000
950,000
5,491,000
700,000
228,000
2,000,000
2.941,000
376,000
303,000
50,000
2,400,000
60,000
83,000
3,718,000
300,000
150,000
3,991,000

5
5
4*3
4
5
5
5
5
6
6
6
6
5
4
4
5
5
4

g.
g.
g.
g.
g.
g.
gg.
g.
g.
g.
g.
g.
g.
g.
g.

x350,000
924,000
4,500,000
x l , 000,000
2,500,000
511,000

shares o f its stock, all pledged under the mortgage. Common stock
issued $358,000; there is also $500,000 o f preferred stook authorized.
D iv id e n d s - )
1898.
1899.
1900.
1901.
1902.
Per cent.
$
6
5
6
6
7*$
For year to June 30,1901, gross, $93,022; net, $34,151; oth. ine.,
$16,110; int. on bonds $16,700; taxes, $3,947; betterm ents, $2,857;
<div., 6 p. o., $21,480; surplus for year, $5,277.—(V. 67, p. 1159.)
B a l t i m o r e C h e s a p e a k e & A t l a n t i c B y . —Owns Claiborne to
Ocean City, Md., 87 miles; branch, 1 mile; total, 88 miles; from Clai­
borne to Baltimore, 42 miles, transfer is made b y water; steamer lines
owned, 1,426 miles; total mileage owned and operated, 1,514 milesControlled by Penn. R R. and allied lines. V. 69,'p . 541, 590. A reor.
ganization of Balt. & Eastern Shore, sold Aug. 2 9,1 89 4 (V. 59, p. 371),
e tc. Pref. stock, $1,500,000 5 p. o. cumulative; com mon, $1,000,000.
A n n u a l R e p o r t .— R eport for year ending A u g . 31, 1900, in V. 71,
p. 1164. In 1900-1, gross, $675,090; net, $150,449; other ino., $2,052;
taxes, $6,752; interest, $62,500; pother charges, $61,805; bal., sur.,
$21,444.—(V. 71, p. 1 1 6 4 .)
B a l t i m o r e &, C u m b e r l a n d V a l l e y B y . —B a l t i m o r e & C u m ­
b e r l a n d V a l l e y B B . E x t e n s i o n . —B a l t i m o r e & H a r r i s b u r g
B y . —A ll under 50-year leases to the Western Maryland RR.,which see.
B a l t i m o r e & O h i o R R .- (S e e M a p ) .—R o a d .— Operates from Balti­
m ore to Philadelphia and Baltimore to Chicago, Cincinnati and St.
Louis, the total mileage leased, owned and operated being in July,
1901, 3,221 miles. The “ R oyal Blue L in e” (see Central RR. o f N. J.)
gives the road access to New York.
The system embraces, subject to the mortgages, the follow ing lines:
Other Lines—
Prior lien 3}4% M.—(1,017 miles) Miles.
Staten Island Rapid T ransit.........
24
W est Virginia & P ittsburg............ 176
Pittsburg & W estern ..... ................. 343
M ononeahela R iver R R ..................
31
75
C hicago, 111., to A k ron 0 .................. 359 Clev. Term inal & Valley .........
Operated from Aug. 1, 1901—
Branches to Fairmont, W . Va., etc... 93
Cleveland Lorain & W heeling Ry.
South W. Div. '$%% M.—
W heeling to Cleveland, e tc ......... V192
Belpre, O., via Cincin. to St. L „ etc. 918
Pit*s. Jvnc. 3%% M.—(384 miles) Viiea Ohio R iver RR. Lines.
Benwood to W heeling, etc........... 7270
Bellaire to Midland City, O........ i 877
W est Virginia Short Line R R ......
60
Shawnee to Sandusky, O............)
Operated from Jan. 1,1902—
Pittsburg Junction R R .................
7
I Ohio & L ittle Kanawha R R ..........
80
Balt, to W heeling, Belpre, O., etc. ..683
Pittsburg Division (east o f P itts .)..334
1st M. 4%.—(570 miles)
Baltim ore to Philadelphia andbrs.118

T otal o f all (adding Baltim ore B elt and other lin es)......................................4,208

In 1901 acquired m ajority o f stock of Cleveland Lorain & Wheeling
Ry. (V. 72, p, 480), Ohio R iver RR. (V. 73, p. 81) and entire stock of
West Va. Short Line R R (V. 73, p. 235), in all 522 miles o f road, and
began operating them, the O. L. & W. from Feb. 1, 1902, and the latter
tw o from Aug. 1,1901. The Ohio & Little Kanawha, 80m ., andPitts.
& West, were acquired Nov., 1901.—V. 73, p. 1263,1356.
H istory .—R eceivers were appointed in February, 1896, but on July
1 ,18 99 , the road proper was returned to the com pany, the reorganiza­
tion plan (in V. 66, p. 1235,) having been consummated without
foreclosure and the road vastly improved in physical condition.
The reorganization of the B. & O. Southwest, was effected and new
securities issued in Sept., 1899, per plan in V. 67, p. 688, the consol,
m ortgage of 1893 having been foreclosed, and the road virtually
merged.—V. 71, p. 1218. In January, 1900, new securities were issued
under the plan o f reorganization of the Cent. Ohio and other leased
lines. V. 6 7 , p. 688,1109,1206,1356. On Oct. 9,1901, the Pittsburg &
W estern was purchased at foreclosure sale. See (5) below.
P ennsylvania RR. I nterest .—The Pennsylvania RR. Co. purchased
a large interest in 1900-01 and on Jan. 1, 1902, owned directly $21,480,000 preferred and $18,345,600 common stock; also through the
Northern Central $1,000,000 preferred and $370,400 common stock,
and through the Pennsylvania Co. at least $5,000,000 preferred stock.
—V. 70, p."76; V. 74, p. 528. These holdings enable the Pennsylvania
to have practically a deciding voice in the management.
Stock .—A uthorized issues: Common, $84,000,000, see “ General
Finances” below.; pref. 4 p. o. non-cumula five, $60,000,000; outstand­
ing, see table above and “ General Finan jes.” Pref. stock dividends
are limited to 4 p. o. (See V. 71, p. 1166, and edit., p. 1143; V. 72, p.
1186.) Voting trustdissolvedin Aug., 1901.
19C2.
D i v id e n d s (p . c .).............. 1
1900.
1901.
March, 2
C om m on ..........................f
2
4
March, 2
Preferred......................... 1
4
4
B onds .—(1) P rior Lien 3 ^ % , a first lien on main line and branches,
Parkersburg branch and Pittsburg division, about 1,017 miles of
first track, and 964 miles of second, third and fourth tracks and sid­
ings, and also all the equipment now owned o f the value o f upwards of
$20,000,000, or hereafter acquired. Total authorized, $75,000,000, of
which $5,000,000 to be issued only after Jan. 1,1902 (at not exceeding
$1,000,000 a year) for the enlargment, betterment or extension o f the
properties covered. See application to list, V. 69, p. 30.
(2) First Mortgage 4 p er cent Gold Bonds, Due July / 1048, but subject
to call, in whole or in part, after July 1, 1923, at 105; a first lien on
the Philadelphia, Chioago and Akron divisions and branches and the
Fairm ont Morgantown & Pittsburg RR., covering about 570 miles of
ifirst track and about 332 miles o f second, third and fourth tracks and

8.
J.
J. N.Y.,N.City Bk. & Pitts.
J.
do
do
O.
Pittsburg.

A. & O.
J. & D.
J. & J.
M. & N.
F. & A.
M. & S.
J. & D.
A. & O.
F. & A.
J. & J.
F. & A.
A. & O.
J. & J.
J. & D.
J. & J.
F. & A
A & 0 .1 5
g. A. & O.

5 g.
5 g.
5 86 g.
4 g.
41
2g.

1,050,402
1901
1,000
9,000,000
4 g.
211 1893
1,000
3,360,000
5 g.
211 1895
1,000
157,000
5 gBala nee of outstan ding amount s show n!
....

&
<
fe
&
&
A

M.
J.
J.
A.
J.
J.
J.
J.
J.
n

&
&
&
&
&
&

Sept.
Jan.
July
July
Oct.

1,
1,
1,
1,
1,

1930
1909
1922
1922
1907

Oot. 1,
June 1,
Jan. 1,
Nov. 1,
Feb. 1,
Moh, 1,
June 1.
Apr. 1,
Aug. 1,
July 1,
Aug. 1,
Oct. 1,
July 1,
Allegheny, Pa.lstN .Bk. June 1,
N. Y., J.P. Morgan & Co. July 1,
New Y ork City.
J an. 1,
New York.
Oct. 15,
Apr. 1,

1933
1936
1930
1995
1919
1950
1936
1937
1920
1922
1908
1922
191*
1917
1917
1922
1917
1990

New York.
do
do
N.Y., Off. B .& 0..2 Wall.
N. Y. Central Trust Co.
N. Y., Knickb. Trust Co.
N. Y., Cent’l Trust Co.
do
do
do
do
New York or Phila.
Phila., E. W.Clark & Co.
N. Y., Cent. Trust Co.

N. N.Y., J.P. Morgan & Co.
D. Balt., Am. Bond’g & Tr.
D.
O. N. Y ., foot Whitehall St.
do
do
J.
D.
New York City.

& J. New Y ork, 2 W all St.
& J. N. Y ., Guar. Trust Co.
& J.
do
do
first 1 eft hand column areow

May
Deo.
Deo.
Jan.
July
June

1,
1,
1,
1,
1,
1,

1939
1945
1935
1913
1904
1943

To Deo. 3 1 ,’ 10
Jan. 1, 1943
July 1, 1945
ned b y B. & 0.

sidings: also on the B. & O. Terminal property and the Baltimore Belt
RR. They are also a lien subject to prior lien mortgage upon main
line, etc. See application to list, V. 69, p. 30.
Total authorized issue in no case to exceed ......................... $165,000,000
O f which to retire prior lien bonds in 1925......................
73,000,000
Of which issued or issuable for reorganization purposes.
76,000,000
For the enlargement, betterment or extension o f the
properties covered b y mortgages (1) and (2), or for
extensions, additions or equipment, at not exceeding
$1,500,000 a year for the first four years and at not
exceeding $ 1 ,0 0 0 ,0 0 0 a year thereafter.............................
37,000,000
Reserve for new com pany, all issued (V. 71, p. 8 3 ).......
7,000,000
(8) Southwestern Division 1 st Mortgage 3*2 per cents.
Virtually a first lien upon the properties consti­
tuting the B. & O. Southwestern RR. system, or the
securities representing the same, covering about 921
miles o f first track and about 305 13 miles o f second
track and sidings. Total iss u e ......................... ............... $45,000,000
Of which to be issuable only at the rate o f n ot exceed­
ing $1,000,000 per year for the enlargement, better­
ment or extension o f the properties covered by lien ...
3 ,000,000
Of which in partial exchange for old bonds......................
33 ^ 40,980
Sold to syndicate for cash requirements...........................
4,439,020
(4) B. O. Pittsburg Junction & Middle Division 313 per oents. E x ­
pected to be ultimately a first lien upon the railroads o f the Central
Ohio system and Pittsburg Junction RR. Co., 385 miles in all—
Total authorized issue in no case to exceed........................ $20,000,000
Of which to be issued only at the rate of not exceeding
$1,000,000 per year for the first tw o years and
thereafter at the rate o f not exceeding $500,000 per
year, for the enlargement, betterment or extension of
the properties covered by the m ortgage...........................
3 ,000,000
Of which in partial exchange lor old bonds.....................
10^ 69,000
Sold to a syndicate for cash requirements........................
4,000,000
Balance fo r contingencies......................................................
431,000
Of these bonds $6,175,480 are outstanding in the hands o f the public,
$7,635,050 additional being pledged as part collateral for the Pitts.
Lake Erie & West Va. System 4s.
Note.—The underlying bonds still outstanding In July, 1900, are In
table above. The underlying stocks still in the hands of the publio
were: Central Ohio common stock, $23,784; preferred, $4,550; New­
ark Somerset & Straitsville common, $90,450; preferred, $39,050.
Pitts. Jot. common, $845,150; preferred, none.
(5) Pittsburg Lake E rie < West Virginia System mortgage refunding
£
4 per cent gold bonds (authorized amount $75,000,000) are a lien on
1,633 miles, consisting of the Ohio River, Cleve. Lorain & Wheeling,
Pittsburg & Western, etc., form ing a direct connection with Pittsburg,
Cleveland, Fairport, Lorain and Sandusky, subject to underlying
bonds outstanding thereon (see table above). In Jan., 1902, $21,845.050 additional underlying bonds, including $7,635,050 Pittsburg Junc­
tion & Middle Division 3!«s, were held in trust as part security. Of
the total issue o f bonds $20,000,000 were sold in Feb., 1902, $40,000,000 were held to retire underlying bonds outstanding (of which $12,425,000 are subject to call) and the remaining $15,000,000 are issuable
for additions and improvements. See full statement, V. 74, p. 266.
(6) The 4 per cen t debentures o f 1901 are convertible at the option
of the holder into com mon stook at par on 30 days’ notice (see V. 73,
p. 1159); they may be called for payment at par and interest on
any interest day, beginning Mar. 1, 1902, either wholly or partly in
the inverse order of their numbers.—V. 72, p. 282; V. 73, p. 337, 1158.
L e a s e d L i n e s .— Schuylkill River East Side bonds, stamped (V. 68,
p. 40], and treated as fo llo w s: The road is leased at a rental equiva­
lent to interest at 5 p. 0. on the existing bonds, but the new company
has the right to purohase all the Sohuylkill bonds at 110 and
aeorued interest at any time after Dec. 1, 1900, and prior to Deo. 1,
1903, on 30 days’ notioe. If not so purchased, the com pany will
assume the ultimate payment o f the principal when due. V. 69, p. 1063.
The Staten Island Rapid Transit new 4s the Baltimore & Ohio RR.
agrees to purohase at par and interest in oash prior to July 1, 1904,
and meantime to guarantee interest thereon at 4 per cent. V. 68,
p. 189, 133, 525; V .69, p 696.
The W est Virginia & Pittsburg (see agreement in V. 67, p. 1310),
has been operated since Sept. 1,1899, under a 99 years’ lease, for 4 per
cent on the mortgage, to be appropriated to payment of bond interest,
the B. & O. having the option for 5 years to purohase the bonds at par
and aocrued interest on 60 days’ notioe. V. 69, p. 439.
The B. & O. agrees to purchase on or before Feb. 1,1903, at 125 per
cent and interest the $2,400,000 Pittsburg Cleveland & Toledo bonds
(or not less than 70 per cent thereof), with the option by the bond­
holders to exchange for newTsecurities. V. 70, p. 632.
F in a n c e s .— Holders o f com m on stook subscribed in May, 1900, to
$6,398,900 oommon stook at$80. In Sept., 1901, the authorized com ­
mon stock was increased from $45,000,000 to $60,000,000, to provide
for conversion of $15,000,000 debenture 4s issued in March, 1901, for
improvements, etc. (V. 72, p. 282, 337), and in Nov., 1901, was further
increased to $100,000,000. In Jan.. 1902, $8,459,000 debentures had

KAILROAD

J u l y , 1902.]

STOCKS

AN D

BONDS.

17

Bonds—n u io ) INTEREST OR DIVIDENDS.
pal, When Due.
Miles Date Size, or
Amount
of
of
Par
For explanation of column headings, &c., see notes
Outstanding Rate per When Where payable, and by Stocks—Last
Whom,
Payable
Road. Bonds Value.
cent.
Dividend.
on first page o f tables.
RAILROADS.

Ban. dkArjOon.)—1st M. Pise.D.,$1,500,000,g.G.O*
Van Buren Exten. 1st M., $500,000, g........ G.o.*
Aroostook No. 1st M., $225,000, gold............G.o*
Consol, refund’g mort., $20,000,000, gold.O B .c*
Bangor & Portland—1st mortgage, g o ld ...................
Bath Extension m ortgage........................................
Bath d Eammondsport—1st mortgage, gold ............
k
Second m ortgage, gold C e........................................
Tip.m & ElLwood—l at m ortgage.1?P i .............. .. _
ip.r
Beech Creek—Stock (guaranteed 4 per cent by end.)
1st M., g,guar. p. & i. (end.) K. - ......................c&r
2d M. for $1,000,000, g, gu. p. & i. (end.) .U n .c& r
Clearf.Bitum. Coal 1 stM..int.gu. by Bh. Cr., gold.c
Beech Or. Ext.—IstM ., $4,500,000, g., gu.p.&.f.G.o*
tsellaire Zanesville &Cm.—Prior lien m ort.,red,atl05
1st M. ($262,000 reserved for prior lien bon d s)..
Bellingh. B ay d Brit. Col.—1st M., $1,000,000, g.,8.f.
k
Belt BE. < Stock Yard o f Indianapolis—S tock ........
£
Preferred stock, cum ulative.....................................
1st mortgage for $1,000,000, ourrenoy...................
Belt Ry.—1st M.(red. aft. July 1,1903) g .M e B a .o *
Belvidere Delaware—Stock ($4,000,000)...................
Cons.mort. ( guar, by United Co’s & Pa. RR., s.f. .r
of 1875..-( guar. byU nitedC o’ s& P a.R R ., s. f ..r
$4,000,000 ( issue $600,000 reduced b y s. f ....... r
Birmingham <•Atlantic—1st mort., $500,000........
£
Birming. <•Allan A ir L. R y —1st M., g. (see te x t).
£
Bism.Wash. < Gt. Falls 1st H .. g., see text.C ...c& r
£
Bloomb’ g < Sullivan RR.—1st M., $400,000___F1P
£
2d mortgage, inoome, non-cum., $200,000. . . F P
Boone Rockw. Oily d No’w'n.—IstM ., g., $2,000,000^
k

1899 $1,000 $1,500,000
5 g. A. & O N. Y ., Guar. Trust Co.
do
do
500,000
1899
1,000
5 g. A. & 0
do
do
225,000
1897
1,000
5 g. A. & O.
1,000
2,303,000
4 «. J. & J N.Y..BrownBros.&Bos.
1901
’96-’ 00 1,000
990.000 5 g. & 6 Various N. Y., Guar Trust Co.
320.000
’ 80-’ 86
“ 6 g . J. & J. N. Y., 26 Exch. Place,
ao
do
5
M. & 8.
60,000
1901
New Y ork City.
10 1889
1,000
100,000
5 g. J. & D.
do
do
10 1893
1,000
200,000
5 g- A. & O.
E llw ood City, Pa.
3 1890
5
A. & O.
50,000
160
4
50
5,665,000
Q .-J . N. Y., Grand Cent. Sta.
do
do
160 1886
1,000
5,000,000
4 g. J. & J.
do
do
160 1892
1,000
500,000
5 g- J. & J.
m m 1891 100 &o.
m.
774,000
4 g. J. & J. N. Y ., Knickerb’r Trust.
60 1901 l.OOO&o
3,500,000
3^2 g. A. & O. N. Y ., Gr. Cent. Station.
1889
6
J. & J. J u ly /9 4 , ooup.lastpaid.
1,000
216,000
. . . - 1890
4
J. & J.
1,00C
1,138,000
42 1901
1,000
500,000
5 g. J. & D. N. Y,U.S.M&T.Co.& S.F.
....
....
50
1,000,000 5 In 1902 J. & J. Indianapolis, Co. office.
_- do
do
50
500,000
6
Q .-J .
M. & N. Phila., W. H. Newbolds.
1881
6
1,000
1,000,000
25 1895
J. & J. Balt., Mere. Tr. & Dep.
275,000
5
....
....
50
Philadelphia, Pa. RR.
1.253,000 5 In 1902 Feb.
67 1885
4
M. & S.
do
do
1,000
500,000
67 1887
do
do
1,000
4
F. & A.
749,000
67 1893
do
do
1,000
500,000
4
J. & J.
35 1891
M. & N.
In default.
1,000
6
500,000
1902
See text.
"4 6 1900
New York.
1,000
See text.
5 g- J. & J.
30 1898
1,000
J. & J. Phila., F. I. T. & S.D.Co.
400,000
5
30 1898
1,000
J. & J. Phila., when earned.
200.000
5
___
...
1,000
See text.
5 g. M. & N. Am.Tr. & Sav. Bk.,Chio.

77
33
1512
359

been converted. Stockholders in Dec., ’01, subscribed to new common
stock, viz., $22,537,200 at par, raising the amount outstanding to
$75,996,200, chiefly to acquire the stocks deposited under the
Pittsburg Lake Erie & West Ya. System mortgage, and the reduction of
their debts. The remaining $17,462,800 stock unissued will be used to
acquire the balance of the stocks of those companies, pay their floating
debt and for additions. V. 73, p. 1159; Y. 74, p. 150, 266.
In April, 1901, made $10,000,000 equipment bonds, $1,000,000 due
yearly Dec. 1 ,1 9 0 1 to 1910, covering 9,000 cars, etc., as above stated.
E a r n in g s — From July 1, 1901, to J u n e 3 0,1 90 2 (12 months), includ­
ing B. & O. Southwestern in both years, w e r e :
1901-2................................................Gross, $51,077,116; net, $18,188,354
1900-1............................................... Gross, 47,114,430; net, 16.068,200
A nnual R epo rt .—Report for year ending June 3 0,1 90 1 , was in V
73, p. 1108,1115. The results (the Balt. & Ohio Southwestern being
included in the preceding year for the purposes of com parison) are
shown below. (See also editorial, p. 1084.) Average rate per ton per
mile, 4 -98 mills in 1900-1, against 4 ‘71 mills in 1899-0; average reve­
nue train load, 381 tons, against 366 in 1899-0.
Tear ending June 30—
1900-1.
1899-0.
M iles......................................................................
3,221
3,200
Freight.................................................................... $35,553,872 $31,324,792
Passengers............................................................. 9,054,602
8,335,685
Mail, express, e tc ................................................ 2,505,957
2,456,928

Jan. 1, 1943
Jan, 1, 1943
Oct. 1, 1947
July 1, 1951
•iemi-annually
1930-1936
Mch, 1, 1925
June 1, 1919
Apr. 1, 1923
Apr. 1 0,1 91 0
July, 1902,1%
July 1, 1936
July 1, 1936
Jan. 1, 1940
Apr. 1, 1951
July 1, 1899
Jan. 1, 1940
Deo. 1, 1932
July, 1902, 2 ^
July 1, ’02,11a
Apr. 3 0,1911
July 1, 1945
Feb.24,’02,5%
Sept. 1, 1925
Feb. 1, 1927
Jan. 1, 1933
Nov. 1. 1931
1952
Jan. 1, 1930
Jan. 1, 1928
Jan. 1, 1928
Nov. 1, 1913

B a y o f Q u i n t e R y . —V. 74, p. 150.
B e a u m o n t W h a r f Sc T e r m i n a l . —V. 71, p. 287,865.
B e e c h C r e e k R R . —(See Map adjoining N. F. Central.)—R oad —
Jersey Shore, Pa.,to Mahaffey,113 m; branches, to Philipsburg, to mines,
&c., 47 miles; total, 160 miles; trackage, 33 miles; total, 193 miles.
L ease , &c.—From October 1, 1890, leased to the N. Y. Central &
Hudson R iver RR. fo r 999 years at interest on bonds and 4 per cent
on stock, and since May 1, 1899, operated directly as a part o f its
Pennsylvania division. V. 68, p. 872. Carries m ostly coal and coke.
See guaranty V. 52, p. 570. The bonds are endorsed with New York Cen­
tral’ s guaranty of prin. and int. See V. 52, p. 570. (V. 69, p. 128.)
B e e c h G r e e k E x t e n s i o n R R —(See Map adjoiningN .Y. Central.)
—Clearfield, Pa., to Keating, 55 miles; point near Elbell, P a „ to R osslter, 3 ‘2 miles; traokage over Phila. & Erie to Youngdale, 45 miles;
Youngdale connection, D3 miles; total, 104’5 miles. A low -grade coal
line leased to N. Y. Cent. & Hud. R iver R R . (which owns entire $4,500,000 stock) fo r 999 years from M ay 22, 1901, bonds being guaraneed, urin. and int.—V. 73, p 790,1111, 1356.
B e l l a i r e Z a n e s v i l l e Sc C i n c i n n a t i B y . —Owns Bellaire, O., to
Mill Run, O., I l l miles, three-foot gau ge; traokage to Zanesville, 1
mile. In June,’95, Gen. Manager J. K. Geddes was made reoeiver; in­
terest due Jan. 1, 1895, on the prior lien bonds being in default.
V. 61, p. 239. I d Dee., 1901, a large m ajority o f the securities was
deposited with the reorganization com mittee ( Frank k H am bleton,
S.
Total gross earnings
. . . ........................$47,114,431 $12,117,405 Chairman); Mercantile Trust & D eposit Co o f Baltimore, depositary,
Operating' expenses............................................ 31,046,231
27,644,130 hut no plan had been formulated to April, 1902.—V 73, p. 615,1312.
Stock: Common, $832,000; preferred, $795,910; par $50. In year
$16,068,200 $14,473,275 ending June 30, 1901, gross, $192,772; net, $42,057.—(V. 73, p. 1312.)
Net earn in gs...
B e l l i n g h a m B a y Sc B r i t i s h C o l u m b i a R B ,- W h a t c o m to
688,429
812,701
Other incom e (net)
Maple Falls, Wash., 4 2 miles; extension proposed from Maple Falls
Total net inoom e........................................ $16,756,629 $15,285,976 to Cornells, 7 miles; a further extersion o f over 50 miles being also
Interest and rentals.......................................... $8,148,512
$7,475,171 proposed. Stock, $1,000,000, all owned Jan., 1902, by New York and
879,176 San Francisco parties. Year ending Dec. 31,1901, gross, $120,134; net,
T a x e s ....................................................................
970,504
Discount, commissions, e tc..............................
448,627
317,837 $48,000; taxes, $5,787; int.on bonds (1 m o.),$2,083.—V. 73, p 1356.
Dividends on pref. stock ................................ (4)2,400,000 (4)2,400,000
B e l t R a i l r o a d Sc S t o c k Y a r d o f I n d i a n a p o l i s . —Owns 14
do
com mon stock .......................... x(2)900,000 (4)1,673,560 miles of belt road, etc. Leased for 999 years to Ind. Union—which see.
2,540,231
Additions and im provem ents,......................... 2,500,000
D ividen ds .— ) Preferred in Common ’95. ’96. ’ 97. ’ 98to|July,’02.
Since 1894 ___( full to date, stook p. o. 5
4^
0
5 yearly.
................
Balance, surplus.................................... — $1,388,985
Pres., S. E. Rauh, Indianapolis, Ind.—(V. 63, p. 153; V. 66, p.334.)
x Semi-annual dividends are being paid, but only one here included.
B e lt R a i l w a y ( o f C h a t t a n o o g a , T e n n . ) . —Owns 25 m iles of
Executive Committee.—L. F. Loree, Chairman; J. K. Cowen; S. M. belt railroad in Chattanooga, Tenn. V. 67, p. 72.
Prevost, J ohn /P . Green and James McCrea; Pres., L. F. Loree; ViceH istory .—A reorganization o f Union Ry. foreclosed June 17, 1895.
Pres., Oscar G. Murray; Sec., C. W. W oolford; Treas., J. V. McNeal. Leased till July 1,19 45 , to Alabina Great Southern RR.; rental guar
The Pennsylvania RR. is represented on the board by 8. M. Prevost, anteed to meet interest on 1st M. bonds, taxes and maintenance.
John P. Green, Samel Rea and James McCrea. Other directors:
8 tock Is $300,000, owned by Ala. Great So. Ry. There are also $24,John K. Cowen, Martin Erdmann, Edward H. Harrtman Norman B. Iteam, 000 second Income 4s, due 1945, hut subject to call at par July 1,1903;
Jacob H. Schlff, Charles Steele, James Still man, Edward R. Bacon. Repre­ coupons paid from Jan., 1901, to Jan., 1902, incl..—(V. 63,p. 6gg.)
senting State of Md., L. Victor Baugnmaa, a . P. Gorman.
B e l v i d e r e D e l a w a r e R R . —Owns from Trenton, N. J., to MaN. Y. Office, 2 Wall St.—’V. 74, p. 3 8 3 , 528, 726,1 037; V. 75, p. 28. nnnka Chunk, N. J., 6 7 .m.; FlemingtonRR.,<fco., 14 m.; operated out-ofl
B a ltim o r e 3c P o to m a c R B . - SeePhila. W ilmington & Balt. RR. 1 m.; total operated, 82 miles. Leased to United Companies, and trans­
ferred to Penn. RR. March 7.18 76 . Net earnings paid as rental.
B a n g o r 3c A r o o s to o k R R . -(fieri M a p )—Oidtown, Me., north
Stock .—A uthorized, $4,000,000; outstanding Feb., 1900, $1,253,erly to Van Buren, with branches.
Lines owned—
Miles,
Miles. 000; par, $50. Dividends: 1897 to 1902, both inclusive, 5 p. o. yearly.
B onds .—The $1,249,000 4 per cents of 1885-7 are guaranteed by the
Brownvlile to Caribou and b r..205 A roostook Northern, Caribou
United Companies, and their guaranty assumed by the Penn. RR.
Ashland Jet. to Ashland.......... 43
to Lim estone.......................... 16
under its lease. Bonds of 1885, 1887 and 1893 are seou red jby tbe
Oidtown to Greenville and B. &
consol, mortgage of 1875 for $4,000,000, which provides for a siuk
K, Iron W orks........................ 95
Total operated....................359
ing fund of]l per cent o f outstanding bonds if earned. The $ 1,000,000
O k o a n i z a t i o n .— Organized Feb. 1 3 ,1 8 9 1 . State of Maine refunds
95 per cent of all taxes levied. For organization see V. 66, p. 855. 0 per cent bonds due June 1, 1902, were paid at maturity.
E a r n in
The Fish River RR., Ashland, M e.,to Fort Kent, Slhi miles, will be $219,237.g s .— In 1901, gross, $1,306,505; net, $412,086; interest, etc.,
In 1900 gross. $1,221,500, net, $881,451.
leased on completion in Oct., 1902. (V. 74, p. 150.)
B e n n i n g t o n Sc R u t l a n d R y .~ S e e Rutland R R .—(V. 70, p. 685.)
S t o c k .— Common, $1,050,000; 10,400 shares full paid and 100
B e r k H liir o R l t . —Wost Stockbrldge, Mass., to Connecticut State
•hares, 5% paid; pref., 5%, non-cum,, only $64,300remain outstanding.
Lino, 21 miles. Road opened 1842. Leased April 1, 1893, for 99 years
B o n o s . For description of gold 5s On Fiscal. Di vision see V. 67,
to N. y . N. II. & H. RR. for expenses, taxes and 6 p. o. on stock,' paid
p. 1159; V. 68, p. 84, 329. Van Buren Extension 1st 5s o f 1899.
15 at llOUsatonle Nat. Bit., Htoelcbridge, Mass. Lease
V. 69, p. 952. In May, 1900, sold $800,000 ten-year livelier cent oar Q .-J. RR. suspended but not canceled. Stock, $600,000. to llousatrust, notes to purchase 1,026 flat, box and stock cars, V. 70,
893. tonio
Bonne in e r Sc L a k e ICrle B i t . To own 10 miles under construc­
Of the consol, refunding gold 4s, $12,500,000 are reserved to pay
tion; leases Pitts. Bos. & o. ill, 203 miles. See that com pany and V.
off the outstanding bonds, Including those of controlled roads, car
trusts and preferred stock and to acquire such controlled roads, $3,- 72, p. 186. Stunk authorized, $500,000,
000,000 for improvements over a series of years and $ 4 ,5 0 0 ,0 0 0 for
B i r m i n g h a m A A t la n t a A i r M ile R y .—Gui'torsvllle. (In., to
extensions at. $25,000 per mile including equipment. V . 73, p. 286, Pell City. Ala., 1.17 miles, wjt.h brim oh oh r miles; extension I'lom At­
>
8 9 6; V . 74, p. 93.
lanta l> Birmingham, A ta„ §o miles, to be completed within it year.
>
Owned by the Seaboard Air Lino Ky , taking over lu lls 1 i it o r o l in
L a t e s t E a uni nos.— 1.1 m o.,) 1901-2.Gross,$1,503,479; not, $560,002
v
July 1 to May 3 1.
( 1900-1,Gross, 1,322,1 17; net.
195,768 May, 1902, the East <, West Hit. o f Alabama. Stock, $5,000,000.
Bonds to be *r>,0oo,< 0 0 50-year llrst mortgage is, Issuable til no! over
A n n u m , R e p o k t - Report for year ending June 30, 1901, in V. 73,
P, 396, showed: Gross, $1,440,454; net, $530,086; charges, $406,488; $25,000 per mile, For year ending June 30, 1901 (old com puny),/,-rose
betterments, $90,000; ha)., surplus, $49,608. In 1899 0, gross, $1 ,- earnings, $1 61,292; n ei , $21,1 00. - ( V. 74. p. 1088.)
280,423; net, $ 4 9 3 ,8 8 2 .-(V. 74, p. 4 1 ,9 3 , IDO.)
B i r m i n g h a m A- A t l a n t i c B i t , —Talladega to Pell City, A la .,23
B a n g o r A- P o r t l a n d B y . —Portland to Bath, Pa., 29 miles, m iles; branches, Kogans fcn ere beds, 9 in., and Furnaon to WCislilgors,
8m .; total, 35 miles. Block, $ 1,900,000, all common; nor of shores,
Nazareth Jet. to Martin’s Greek, 5 m,; other branches, 5 rn.j total, 39
miles, -stock, $510,000, all acquired In 1900 by Gobi,warn Eacka- $100. Year ending June 80, 1901, gross, $35,040; dor. under oper.,
wanna A, Western HR. Bonds, see table. Dividend (Op.o.) paid Jan. 15; *18,007; bond interest not paid. President, Sidney H. March; Hoe. and
1901. For year ending Deo, 31, 1901, gross. $254,729; not, 163,205, Treas., John Carlson, 25 Bread St., N. Y.
Interest and rentals, $40,103; dlv. (5%), $26,500; bal„ def., $2,- . 9 ,
5
I t l r i n li ig h n m B e lt R I * .—Acquired by Ht. Louis «&Hull Francisco
B o t h A- M a m m o n d s p o r t H H .—Gwns road from Bath.N. Y., to B it, In J u n e , 19 0 2 . (V .7 4 , p. : 29, 8 8 2 , 1 19 1.)
Hainmondsport, N, Y., 10 miles. Chartered In 1 872. Sto c k , $100,000;
I l t a m n n k W a s h b u r n A B re n t K a ils It
Bismarck, N. I).
par, $100. EARNINGS,—For year 1901, gross, *34,110; net, $11,2 41.
to Washburn, 46 m., completed Nov., 1901; projected thenco to Great

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R A IL R O A D

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4

R AILR O AD

J u l y , 1902.J

STOCKS

A N D BONDS.

19

Bonds—P rin ci­
IN TEREST OR D IVID EN D S.
pal, W hen Duo,
Miles Date Size, or
A m ount
R ate per W hen Where P ayable, and by Stocks—Last
of
of
Par
F or explanation of colum n headings, &o., see notes
Outstanding
Payable
Whom.
Cent.
Road. Bonds Value.
D ividend.
on first page o f tables.
RAILROADS.

Boonville St. L .d South. R y.—1st M .g $ l,0 0 0 ,0 0 0 .o*
Boston < Albany—Stock ($30,000,000 authorized)..
&
Bonds (not m ortga ge)..................................................
B onds (not m ortgage) $5,000,000.......................... c
Bonds, $2,500,000, cu rren cy.....................................
Boston < Lowell—S tock..
&
Bonds, n ot m ortgage..
Bonds,
do
S
’
0*
B oston & M aine gives,
lo a d s ’
do
0*”
a r6ntal ^ a ra n tee-!
B onds’,
do
I".
fo r 99 years.
B onds,
do
B on ds,
do
0 ...J
Boston < Marne—Stock, com m on and s cr ip .O B —
&
Preferred stock, 6 p er cent, n on -cu m u la tiv e.O B .
Im provem ’t bonds, s. f., n ot m ort. or subj. to ca ll
Im provem ’t bonds, e. f., n ot m ort. or subj. to call
Bonds (not m ortgage) fo r imp. < r e f................. c&r
fc
Bonds, n ot m ortgage, gold .................................. c&r
Bonds, $5,454,000, g., secured by F itchb. s to ck ..
Im provem ent bonds, n ot m ort., $1,000,000..........
Eastern R R . certs.of indebt. 1st M., g. ,s.f .,not d m . c
Portsm outh Great Falls & C onw ay 1st m ort.......c
Central M assachusetts, 1st M. I R , assum ed___ c*
Charlestown land m ortgage n otes...........................
Port. & R och. Term inal bonds (no mort.) ass’ d .c
Boston < P r o v —Stock, 10 p. c. guar. 99 yrs., Old Col.
&
Bonds, n ot m ortgage................................................ c*
Boston Revere Beach & L yn n —Stock ............................
New 1st m ortgage, $1,000,000, g o ld S R ........ c*&r
B oston W inthrop & Shore 1st m ort a ss u m e d .IR
Boston Term inal C o —1st m ort., cu rrency. O B -.c& r
Brail. Bord. & Kinzua 1—l3 t M., $300,000, g .M p .c *
B rooklyn &Roehaway B ea ch —1st M ., $350,000, g. 0*
Brunsw. &Birm iiigh.—Is tM ., $12 ,00 0 ,00 0,g . - R c *

44
394

1881
1902
1893
1901
1883
1885-9
1892
1893
1895
1896
1897-8
’ 99-’ 01

$1,000
100

100
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
100
100
1,000
1,000
1000&C.
1,000
1,000

’ 85-; 87
1887
1892
1894
1900
1901
iii
1876 $ & £
73 1877 500&C.
1.000
99 1886
Yar.
Var.
1892
500
*68
100
’ 88-’ 93 1,000
100
” 9 1897 1000&C.
5 1886
1,000
1897 l,0 0 0 & c
"2 7 1892
500
3 ^ 1891
1,000
1902
1,000

Falls, Mont. Stock authorized, $500,000; outstanding, $200,000; par
of shares, $100. Of the bonds (authorized issue $7,000,000) $600,000
are is suable on the first 46 m iles under con struction and the balance
at $12,000 per mile. President, W. D. W ashburn, Bism arck, N. D.;
Sec. a n d T reas., C. C. Crane, M inneapolis, M inn.— (Y. 70, p. 1248.)
B l o o m s b u r g Sc S u l l i v a n R I t . —Owns B loom sburg to Jam ison
City, Pa., 30 miles. Stock is $ 6 0 0 ,0 0 0 ; par, $50.—V. 66, p .8 0 ,9 5 2 .
Y ear ending June 30, 1901, gross. $68,035; net, $33,857; interest,
taxes, etc., $25,244; bal., surplus, $8,613
(Y. 66, p. 80, 952.)
B o i s e N a m p a Sc O w y h e e B y .- N a m p a to M urphy, Idaho, 30*45
miles, com pleted July, 1899; sidings, -87 miles; total, 31*32 miles. In
1901 extension was com pleted from N am pa north to Em m ett,
28 m iles, under charter o f Idaho N orthern Ry., to be further extended
to H orse 8hoe Bend, Idaho, 26 m iles. Stock, $1,000,000; par, $100;
all com m on and all outstanding. In Oct., 1901, com pan y stated that
no bonds were to be issued “ at p resent.” Y ear ending June 30, 1901,
ross, $36,370; net, $16,196. President, W . H. D ew ey, Nampa, Idaho;
ec., R. E. Green, Boise.
B o o n e R o c k w e l l C it y Sc N o r t l i w e s t e r n R y . —G ow rie to
Fraser, la ., 21 m iles; extensions prop osed to B oon e and R ock w ell
City, m aking a tota l of 52 m iles. The m ortgage (Am er. Trust & Sav­
ings Bank o f Chicago, trustee,) cov ers the road and also 3,500 acres
of coal land, and coa l rights, buildings, m achinery and equipm ent,
stated to be valued at over $1,000,000. In D ec.. 1901, $1,300,000 was
offered.—V. 74, p. 1207. Stock authorized, $2,000,000. Pres., Hamilton
Browne, Boone, [a. Office, 218 La Salle St., Chicago, HI.—V. 73, p. 1207
B o o n v i l l e S t. L o u I m Sc S o u t h e r n R y . —B oon ville to Versailles,
Mo., 44 miles. Leased to Mo. Pac. fo r 30 years from Ju ly 1, 1880, at
annual rental of $25,000, taxes, expenses, etc. Stock, $250,000; par
ol shares, $125. Earnings n ot reported separately.
B o s t o n Sc A l b a n y R B . —Owns from B oston, Mass., to A lbany,
N. Y. 202 miles; numerous branches. 104 miles; leased lines, 88 miles;
total operated, 394 miles. A consolidation o f Decem ber, 1867.
Taken ov er under lease on Nov. 10, 1900, b y the N. Y . Cent. &
Hud. Riv. RR. See below . V. 71, n, 697, 963. The lease runs fo r 99
years from July 1 ,1 9 0 0 , the N. Y. Cent. & Hud. R iv. RR. guar­
anteeing rental o f 8 per cent per annum on the $25,000,000 stock,
payable quarterly [Mar. 30, etc.], organization expenses, interest on
ponds, taxes, expenses o f m aintenance, etc. The B.
A. received
for certain property n ot included in the lease $5,500,000 in N. Y.
Cent. 3 ^ x>er cent 100-year debentures, thus adding *77 per cen t per
annum to 8 per cent guaranteed on stock. See lease in V. 69, p. 282.
- V . 69, p. 1 0 6 1 ,1 1 0 2 , 1246; V. 70, p. 74; Y. 71, p. 6 4 5 ,9 6 3 .) In
Jan., 1901, the issue o f $2,500,000 of 3 ha p er cent 50-year bonds
for increasing the term inal facilities at Boston was authorized; no
bonds Issued thereunder to Jan., 1902.—V. 71. p. 1218; Y. 72, p. 44. The
$3,358,000 50-year 3his w ere issued to refund the 5s paid A pril 1,1902.
Div id en d s —Cash dividends at the rate o f 8 per cen t yearly w ere
paid for many years prior to the lease. Under the lease 8% per cent
arc paid, 2 p. c. each In Mar. and Bent., 2 ^ p. o. in June and 2*4 in Dec.
Block dividend, 10 p. c. in 1883 and 3% p. c. in 1886.
R eport .—R eport for 1899-00 was in V. 71, p. 388. Bee V. 73, p. 791.
Year.
Orosh.
Net.
Charges.
Dividends.
Bat., but.
1 900-1...$9,931,396 $2,622,282
.............
Bee a bove.....................
1899-0... 9,950,138
2,439,006
415,980 (8>$2,000,000
$23,686
- V . 72, p. 935; V. 73, p. 1312; V. 74, p. 150. 629.
B o s t o n Sc L o w e l l R R . —Ro a d —O wns Boston to L ow ell, 27 miles
branchcs—Salem and Lowell, 17 miles; Low ell and Lawrence, 12 miles;
others, 45 miles; Middlesex Central, 11 m iles; lea ses-C on n ecticu t
<, Passnmpsic, 147 miles; Nashua A Lowell, 15 m.; Peterborough, 10
v
m.; Northern N. If., 83 rn. (and subsidiary lines 90 rn.); Stony Brook
HR., 13 m*; Wilton HR., 1 5 rn. Leases m ostly assumed by Bost. < Maine.
&
L e a s e s . - Leaded in 1887 for 99 years to the Boston Si Maine at 7 per
cent per annum on stock till Jan. 1, 1897, and 8 per cent thereafter.

$400,000
6 g. F. & A. N. Y ., A m er. E x. Bank.
25.000. 000 See text. Q .-M . B oston, Of. Ter. Station
A. & O.
do
do
3.858.000
3^
do
do
4
A. & O.
3.627.000
do
do
N one,Jan.02
31b J. & J.
8
J. & J.
6,529,400
B oston, at Office,
do
do
250.000
413 M. & N.
V arious
4
do
do
3.675.000
A. & O.
4
do
do
1,000,000
4
F. & A.
do
do
1,000,000
4
M. & S.
do
do
500.000
4
J. & J.
do
do
750.000
4
A. & O
do
do
414.000
3 bj J. & J.
do
do
939.000
B oston, at Office. )
23,638,070 7 in 1901 Q .- J .
M. & S.
6
Causeway St.
)
3,149,800
F. & A.
4
do
do
1.500.000
F. & A.
1.919.000
4
do
do
2.500.000
4
F. < A.
fe
do
do
6,000,000
do
do
4*2 g. J. & J.
5.454.000
do
do
3 g. J. & J.
3*2 M. & N.
do
do
1,000,000
8,110,941
6 g. M. & S. B ost.; Lond., B aring Br.
998.000
4^
J. & D.
B oston, at office.
A. & O.
2,000,000
5
594,800
4
J. & J. B oston Office < Fed.Tr.
fc
113,500
4
A. & 0 .
do
do
10
4,000,000
B oston Term ., room 526
Q .- J .
2.170.000
4
J. & J.
do
do
850.000 2 In 1902 J. & J.
B oston.
4 ^ g . J. & J. B oston, State St. Tr. Co.
561.000
M. & S. B oston, State NatM Bk.
289.000
5
3^
Text. B oston, State NatT Bk.
14.000. 000
249.000
4 g. A. & O. N. Y ., Met. Trust Co.
320.000
See text.
6 g. M. & N.
1.250.000
4 ^ g. J. & J. N .Y .,K n ick er.T ru st Co.

Aug. 1, 1911
J ’ne 30/02,212
Apr. 1, 1952
Oet. 1, 1913
Jan. 1, 1951
Ju ly 2, ’02, 4%
M a j 1, 1903
1905-6-7-9
A pr. 1, 1932
Feb. 1, 1913
Mch. 1, 1915
Ju ly 1, 1916
O ct.,1 9 1 7 & jl8
1919 & 1921
Ju ly 1 /0 2 ,1 %
S e p t.1 ,’ 02, 3%
F eb., 1905-07
Feb. 1, 1937
Aug. 1, 1942
Jan. 1. 1944
J u ly 1, 1950
N ov. 1, 1921
Sept. 1, 1906
June 1, 1937
Oct. 1, 1906
Sept. 1, 1906
Oct. 1, 1907
J u l y l , ’ 02, 2 Iq
J u ly 1, 1918
J u ly 1, ’0 2 ,1 %
J u ly 15, 1927
Sept. 1, 1906
Feb. 1, 1947
1942
May 1, 1931
Jan. 1, 1952

The lease o f the F itchbu rg R R . is fo r 99 years from J u ly 1 ,1 9 0 0 .
O r g a n i z a t i o n , E t c .— A n agreem ent w ith N. Y. N. H. & H. regard­
in g division o f territory w as m ade in 1893. (Y. 56, p. 464.)
S t o c k .— In A pril, 1901, stockholders subscribed to $1,464,300 new
com m on stock to acquire the Central M assach u setts R R ., $270,900
additional bein g sold since Ju ly 1 fo r that pu rp ose.—V. 73, p. 721. Of
the $23,637,280 stock outstanding J u ly, 1901. $1,128,200 w as held b y
trustees as collateral fo r E astern R R . certs, o f indebtedness.—Y. 69, p.
129, 642, 794; V. 6 8 , p.427.
D i v i d e n d s . { ’87 ’ 88 ’ 89 ’ 90 ’ 91 ’ 92 ’ 93 ’ 94 to J ly , ’99. F rom Oct. ,’ 99
On com m on. (1 0 % 9 9 9 ^ 9
8 8
6 yearly.
Bee b elow
D ividends O ct., 1899, to Ju ly, 1 9 0 2 ,7 p er ce n t y early.—V. 69, p. 642.
On pref., in fu ll to date (paid M.—S.)
B o n d s .—A s to debentures see S u p p l e m e n t o f A pril, 1895. U nder
the lease o f the F itchbu rg RR. the B. & M. issued its $5,454,000
fifty year 3 p er cen t gold bonds to purchase, $ fo r $, the same am ount
o f Fitchburg com m on stock held b y the State o f M assachusetts and by
private persons.—V. 70, p. 175. In 1901 $1,000,000 bonds w ere
sold fo r perm anent im provem ents upon various leased lines.—Y . 7 3 ,
p. 553, 783, 1111. N otes payable D ec. 3 1 ,1 9 0 1 , $200,000.
B. & M. guarantees $1,328,000 first 5s o f St. John sbu ry & Lake
Champlain. A lso interest on $274,000 M anchester & Law rence 4s.
J oin tly with Maine Central guarantees $300,000 Portlan d Union R y.
Station bonds.
L a t e s t E a r n i n g s .— F o r 9 months ending Mar. 3 1 :
9 mos.
Gross.
Net.
Oth m e. In t.. taxes. etc. B al.9 sur.
1 9 0 1-2...$ 23 ,79 2 .65 0 $6,972,771 $391,222 $6,031,748 $1,332,245
190 0-1... 23,055,892
6,970,741
389,825
6,017,972
1,342,593
A n n u a l R e p o r t .— A nnual m eeting second W ednesday in October.
A nnual report 1900-01 in V. 73, p. 721, 1007, showed results as fo llo w s :
Year E n din g June 30.
1901.
1900.
1899.
Miles operated June 3 0 ............
2,265
1,787
1,715
Passenger d epartm ent................$11,147,757
$9,069,118 $8,522,202
Freight departm ent..................... 17,880,747
11,986,441 10,286,339
Mails, express, e tc .......................
1,378,302
1,093,043
1,082,066
T otal gross earnings............ $30,406,906 $22,148,602 $19,890,607
N et earnings........................... $8,888,120
$6,543,584
$6,141,963
N et,in clu d. oth erin com e........... $9,856,835
$7,260,959
$6,841,184
Interest........................................... 1,268,588
1,088,163
1,091,635
R e n ta ls ..........................................
5,199,234
3,220,159
3,296,655
T a xes............................................... 1,547,315
1,200,599
1,105,649
D ividends.......................................
1,645,000
1,515,304
1,234,002
Sinking fu n d .................................
151.285
64,717
67.829
B alance, surplus..........................
$45,413
$172,017
$45,413
O ffic e r s .—P resident, Lucius Tuttle, Boston; Treasurer, H erbert E.
Fisher, B oston; C om ptroller and G eneral A uditor, W. J. H obbs, B os­
ton; Clerk, W. B. Law rence, B oston.
Directors—Lucius Tuttle, Richard Olney, Walter Huunewell, Henry R. ReedBoston: Joseph II. White, Henry M. Whitney, Brookline, Mass.; L. 0. Led yard
llenrv If. Dlmock, C. M. Pratt, New York: Samuel C. Lawrence, Mod lord; A.
W. sulloway. Franklin, N. H.; William Whiting, Holyoke, Mass.; Alexander
Cochrane, Boston.
(V. 73, p. 7 2 1 ,7 8 3 , 1 0 0 7 ,1 0 0 9 ,1 0 6 1 ,1 1 1 1 , 1312; V. 74, p. 326,
986, 1354.)
B o s t o n <fc P r o v i d e n c e R R . —Owns B oston, Mass., to P roviden ce,
R. r., 44 m iles; branches, 20 m iles. Leased for 99 years, April 1,
1888, to Old Colony R R .; rental, 10 p. o. yearly on stock.
B o s t o n R e v e r e R e a c h Sc L y n n R R . —Owns narrow -gauge road
from Lynn to East Boston, Mass., 9 miles, connoeting with B oston b y
com pany’s ferry boats; Boston Win t hr op Si Shore D iv., E ast Boston to
Winthrop, 5 miles, with branches 3 miles. Of the 4 H o f 1897 $280,as
000 reserved for Boston W.
B. 5s; balance unissued Is for Im prove­
ments. (V. 05, p. 68.) Notes p aya b le Jan. 1, 1902, $100,000.
St o c k a n d B o n d s . - Btor.k a u t h o r iz e d , $ 0 ,5 2 9 ,4 0 0 . T h e d e b e n t u r e s
w e re d e s c r ib e d on page 2, B u rn , o f A p r il , 1 8 9 5 .— V. 7 1 , p. 1218.
D iv id e n d s . ) 1888-91. ’ 92, *93. ’94. '95. 0)0. 1897 to .July, 1902.
P e rce n t. { 7 yearly. 5 hi
5
4/03 4
3
2 yearly.
SSoHton A' .H e in e IC R . —ROAD—The system with its many branch
Hues covers the territory from B oston, M ass., to Portland, Maine,
E auningh. - Y ear ends June 30. R eport for 18084) In V. 69, p. 953.
(two divisions), Hurln gfb l'd, M ass., S h e r b r o o k e , C a n . Rotterdam .Jet.
Year.
Gross.
Net.
DU, rfl taxes. D iv,paid, tiat..Hurp.
and T roy, N. Y ., W orcester. Mass to P o r t la n d , Me., a n d all Im p o rt1900-01.......... $407,395
$73,085
$56,085
$17,000
......
ant places In Now Hampshire:
1899 0 0 .......... 374,340
70,024
53,024
17,000
.........
L in e s ow n e d ,.
Miles
Miles.
Lines leased - f Ooncl.)
--4V. 65, p. 68, 5 6 8 ; V. 67, p. 1 0 0 0 ; V. 69, p. 0 5 3.)
Bosto n, Mass., to Po rfcland .Me.
Nashua & L ow ell.......... .
1115
W, Dlv\...................
1 15 W orcester Nashua A. Roch
II o h I o i ) T c r m l m t i O o*—Owns Southern Union Depot In Boston
f9 4
Boston to Portland, E. D lv .. 108 C onnecticut R iver R R _
_
U80 opened in 1899. V. 68, p. 40; V. 09, p. 591. Boston A Albany, New
Conway June,, Me., to North
72 Lngland, Boston A Prov,, Old Colony and N. Y. N. If. A H artford RR.
Other........... ........ .
....
(ionway, N. H .......................
73 Trackage rig h ts......... .....
9 Cos. each owns one-fifth o f the $500,000 capit al stock and pay as rental
Por fsmoaiti K iec. R
y I
16 Total operated July 1 , 190.1 2,204 In monthly Instalments sums sufficient to nay all ex pen sen, charges,
Portland, Me., to Rochester,
D 011 hie tr06k (3rd A 4th tr ). 5 12 Interest on bonds and 4 per cen t on stock. These comnn.iiles are
N. H „ , .......... ..................... J
54
join tly liable for any defbdorioy In Case Of foreclosure,
Registered in t­
No. Cnmb. Jet, to Northamp­
Controls Me. Cent, (which sre).H2 L erest payable Q,.— F,* coupons F A A. (V, 69, p. 139, 501.)
ton,
.............
99
Bt.Jolnmbury S Luke Champ. 131
r.
B r a d f o r d H o r d e l l . Y K l n / . u a R y , — ( 3 -/6 f/autje.) Owns B r a d ­
....... ] 52
Sund ry branohes
York Harbor A B e a c h .......... 11
ford to hmstli port. Pa., 20* I I nillcs. f/eases Ormsby Jc, to Mt, Jew ett,
Bines leased.
V erm ont Yal. o f 1871.......... . 24 Pa. (Big Level S. Klir/,ua RR.), 1.0*48 miles, and Mt. J ew ett to Kane, J a,
r
>
Boston S Low ell........
c
470
Bull Ivan C ou nty..................... 20 (Pitts. <- West.) 1 I 49 miles; also leases for short term frnm Nov, 1.
V
Concord < Mon treat
fe
.......!J4 49
1901, Pittsburg S W estern narrow-gauge line, Fox burg to Kane, 83
t;
F itc h b u r g ....,..............
1J458
T Bee tills c o m p a n y .
i
miles. V. 73, p. 1009. Total Operated, 131 miles. Block, com m on,

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RAILROAD STOCKS AN D RONDS,

J u l y . 1902.]

2 1

Bonds—Princi­
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal,When Due.
Amount
of
of
When
Par
For explanation o f column heading, &o., see notes
Outstanding Rate Per Payable When Payable, and by Stocks—Last
Road. Bonds Value.
Whom.
Cent.
on first page of tables.
Dividend.
RAILROADS.

Brunsw. A West.—See A tl a n tic C o a s t L ine RR.
6
Buffalo Greek—1st m ortgage.................................... r
6
Cons. M., $1,000,000. eold, interest as rental o’
Buffalo N. Y.A Erie—S ee E r ie R a i l r o a d .
B u ffa lo R o ch e ste r & P it t s b u r g —Com. s to c k .T r . . . .
Pref. stock, non-oum.; com. 6%; then pro r a ta T r . . . .
R. &P. 1st M , g .. Rochester to Salamanca. U n.o* 108
R. & P. consol. M., $20,000 per m .,gold, g -U n 0* 276
B .R . &P. 1st general M. ($10,000,000) g ...U n o * 276
D ebent.,$2,000,000, currency, con v.,red..G .o* . . . .
10
Lincoln Park A Charlotte 1st M., gold, g u .t ln .o ’'
Ttaal AfltatA m ortgages...........................................
....
B. R. & P. car trusts, gold, due semi-aDnually ...
Equipm’t bonds, $500,OO0, g., s. f., Ser. A ...G .C * . . . .
Equipment bonds, Ser. B., $1,000,000, g., s. f . G . . . .
....
Do
Ser. C., $L,000,000, g., s. f.G .
Securities o f Allied Ooal Properties.
....
Jefferson & Clearfield C. & I., pref. stock.............
....
1st M., g., sinking fund, drawn at 105___G.c*
....
2d M., gold, s. f., drawn at 105............. TTsm.c*
....
Roch. & Pitts. Coal & Iron, 1st M., g., s f ..........c
Helvetia purchase money, M .,g.,s. f. .. .Ce.o* . . . .
Buffalo A Susquehanna—Stock, $16,037,500 auth. . . . .
Pref. stock, 4 p. 0., non-cum., $4,000,000 anth...
102
1st M., g., s’, f.] red. at p a r . . . . . . . . ___’ .J I e .c * 4 r
172
1st refunding mort., gold (see t e x t ) .U p ----- c*&r
....
Burlington Cedar Rapids A Northern—Stock_ X r .
_
269
1st mortgage, law ful m on ey....................... F .c'& r
< ed. Rap. I. F. A N. W., con. 1st M .,g., gu a r.C e.c . . . .
’
Ail
B.C’.R.AN. con. IstM . A col. trust, g o ld ... F.o*Ar
12
Minneapolis A St.Louis, 1st M., gold (assumed). Ce
Kurlingtor A Missouri Valley—See C h ic a g o B ur LLNGT
295
Oalgary A Edmonton—1st m «rt. 6s, red. at 1 1 0 ----

1882
1891

$1,000
1,000

....
....
1881
1882
1887
1897
1889
VaFus
’90-’ 98
1899
1900
1901
....

1896
1896
1886
1896
....

J. A J. N. Y., Farmers’ L. A Tr. Jan. 1, 1907
6
do
do
Jan. 1, 1941
5 g. J. A J.

100
7,000,000 4 in 1901 F. A A. N. Y ., 36 W all Street.
100
6,000,000 6 in 1901 F. A A.
do
do
1,000
1,300,000
6 g. F. A A. N. Y ., Union Trust Co.
do
do
1,000
3,917,000
6 g. J. A D.
do
do
1,000
4,427,000
5 g. M. A S.
4
J. A J. N. Y ., 36 W all Street.
1,000 N’n e J ’ne,’02
1,000
350,000
5 g. J. A J. N. Y ., Union Trust Co.
Various
Rochester, N. Y.
304,000
5
1,000
405^000
J. A D. N. Y ., G allatin Nat. Bk.
5
1,000
500,000
4*2 g. M. A N. N. Y., Guar. Trust Co.
1,000,000
do
do
1,000
4^2 g. M. A N.
do
do
1,000
669,000
41
* M. A N.
100
1,000
1,000
1,000
1,000
50
50
500 Ac.
l,000A c
100
lOOAc.
1,000
l,00 0A c
500

1893
1901
....
1876
1881
1884
1877
ON AQ UINCY.
1890
£100

$308,000 authorized; $249,000 issued; par, $50. Y ear 1900-1, gross,
$38,' 11; net, $13,663; int., taxes, eto., $24,298; balance, def., $10,634.
President, George L. Roberts, Pittsburg, Pa.; 8ecret’y, J. B. McGeorge,
30 Broad St., N. Y . - (V. 73, p. 1009.)
B r o o k l y n & B r i g h t o n B e a c h H R . —V .6 8,p . 1179; V .69, p. 228.
B r o o k l y n & R o c k a w a y B e a c l i R R ,- O w n s road from East
New York (Brooklyn) to Canarsie Landing, Jamaica Bay, 3 ^ miles (of
which 3 miles double track), and operates ferry to Bockaw ay Beach.
Operations suspended during winter months. Paym ent o f interest on
first mortgage bonds has been deferred to early part o f 1903, a syndi­
cate meantime holding option to purchase property; if option is exer­
cised a m ajority o f bondholders has agreed to accept new bonds for
present holdings. V. 73, p. 783. Stock is $150,000; par, $50. Loans
and bills payable June 3 0,1 90 1 , $85,900; real estate mortgage, $30,030. In year ending June 30,1901, gross, $9,713; def. under operat­
ing, $4,059; other incom e, $3,922; int. and taxes, $27,556; balance,
deficit, $ 2 7 ,6 9 3 .- (Y. 73, p. 783; Y. 74, p. 1194.)
B r u n s w i c k & B i r m i n g h a m R H . —Projected from Brunswick,
Ga., to Birmingham, Ala., 417 miles, with branches, making a total of
about 450 miles, o f which about 100 miles, Brunswick to Nichols, was
completed July 1, 1902, including the Oilerman & Western RK , 35
miles, purchased in Mar., 1902. V. 74, p. 774. Stock and bonds
authorized, each $20,000 per mile. Pres., Chas. L. Hyde; Sec. and
Treas.,C. J. Bushnell,71 B’way, N.Y.—(V. 74, p. 378,774.; V. 75, p. 134.
B r u n s w i c k <fc W e s t e r n R R . —See A tla n tic C o a s t L in e R R.
B u f f a l o C r e e k R R . —Owns 6 miles of terminal road in Buffalo
N. Y. In January, 1890, leased for term of charter less one day, to the
Lehigh Valley and the Erie RR., which together own entire capital
stock of $250,000. Dividends in 1898-99 to 1900-01, i n c l , 7 p. c. yearly.
B u f f a l o R o c h e s t e r & P i t t s b u r g R a i l w a y . —( See Map.)—Oper
ates from Buffalo and Rochester, N. Y., to the bituminous coal regions:
Lines owned in fee—
Miles.
Leased-Entire st’k own’d— Miles.
Buffalo Creek, N. Y., to H oward
Johnsonburg & Bradford RR.~
June., Pa................................... 85
Howard June, to Mt. Jew ett. 20
Clarion Juno., to Walston, Pa. 62 Lincoln Park & Charlotte......... 10
Rochester to Ashford, N. Y ___ 94 Perry R R ......................................
1
Four branches to m ines............ 16
Leased—Stock not owned.
Trackage—
Allegheny & Western—If
Erie—M t Jewett to Clarion J.. 21
Punxsutawney to Butler, Pa. 60
Pitts. & West.—Butler, Pa., to
Clearfield A Mahoning—IT
Newcastle................................ 44
Clearfield to Beech Creek RR. 26
Ribold Je., Pa., to Allegheny
Mahoning Valley R R ................. 2
City, Pa..................................... 31 .
Total July, 1901 (tfSee separate statement for this co m p a n y )...472
O rg an iza tio n , E t c .—Successor in March, 1887, to the Rochester A
Pittsburg, which was foreclosed in Oct., 1885. Plan of reorganization
In V. 41. p. 516. The entire capital stock ($4,000,000) o f the Rochester
A Pittsburg Coal & Iron Co. is owned (V. 66. p. 1088) and through that
company in May, 1896, control was acquired of Jefferson A Clear­
field Coal & Iron Go. (see Miscel. Cos.) with $3,000,000 stock. For
bonds o f these coal companies see table above. Clearfield A Mahoning
securities are guar. Allegheny & Western, see below. In Aug., 1901,
Allied Interests purchased upwardslof 20,000 acres of coal lands In In­
diana County, Pa., which will require the building of a 28-mile exten­
sion. V. 73, p. 444.
St o c k .- Common stock was authorized in Nov., 1901, to be increased
from $6,000,000 to $9,000,000, to provide for conversion at par of
$3,000,000 debentures, of which the $1,000,000 outstanding were so
converted on July 1, 1902. V. 73, p. 1009; V. 74, p. 1250.
D iv id e n d s (p. c.) ; 1892. '93. ’94-98. '97. ’ 98. ’99. 1900. '01. ’02.
Preferred..........> 5
ltj
o
1
2
2
6
6 Fob.,::

Common........ 5

Bo n o s .—G en eral 5s fo r $ 5 ,5 7 3 ,0 0 0 a r e re se r v e d fo r p r io r b o n d s , e tc.;
T h e $ 2 ,0 0 0 ,0 0 0 d e b e n tu r e s o f 1 3 9 7 in th e tr e a s u r y In J u n e ,
1902 are c o n v e r t ib le Into c o m m o n s t o c k a t p a r a n d s u b je c t to
call a t I0 2 'a ; th ey are to be se cu re d by a n y su b s e q u e n t m o r t ­
gage u nless m a d e fo r r e fu n d in g e x is t in g prior lien s o r fo r e x ­
ten sion * e x clu s iv e ly . $ 3 8 4 ,0 0 0 o f t h e $ 2 ,0 0 0 ,0 0 0 In the tre a s u ry N o v .,
l e o i . are to be used to bu ild a 2 8 -m lie c o a l b r a n c h . Bee V. 64, j>. 7 0 6 ;
’ •73, p 11 09, J i l l . K. A P. In co m e 6s, $ 5 ,0 0 0 . A sin k in g fu nd o f 5
per c e n t w ill re tir e e q u ip m e n t bon d s a n n u a lly on M ay 1, If p u rc h a sa b le
at o r b e lo w par, oth e rw is e to b e ap p lied to the p u rc h a s e or a d d itio n a l
equipm ent,, V. 68, p. 1 1 3 1 ; V. 7 1 , p. 50 1; V. 7 3 , p. 348,
E a r n in g s . 1 1 mow., / 1 9 0 1 -2 .. .G ross, $5,700,765; net, $2,371,128
July 1 to May 31. (1 9 0 0 -1 ....... G ross, 5,297,898; riel, 2,288,008
Fnr 9 mow. e n d in g M ar. 31, 1 9 0 2 , n et. $ 1 ,9 7 5 ,8 5 2 , a g a in st,$ 1 ,7 9 5 ,7 2 2 ;
other In com e, $ 1 5 ,9 9 7 ; c h a rg e s , $ 1 ,0 3 3 ,5 1 3 : bal , su r ., $ 9 5 8 ,3 3 6 ,
A n n u a l R e p o r t . F iscal y e a r en d s J u n e 30. T h e a n n u a l m e e tin g Is
held at New Y ork on th e th ird M on d a y In .N ovem ber. T h e report for
1400 OJ wan g iv en a t le n g th In V. 7 3 , p. 3 3 5 . 347. In 1900 01 c a r rie d
4 ,5 9 0 ,5 2 7 ton s o f b itu m in ou s coal (ou t o f' 6,771,074 total tons of freight
m ov ed ), against, 4 ,5 6 1 ,1 7 2 In 1899 00
fea r end, June 3 0 —
1901.
1900.
1890.
1808.
M u ee J u n e 3 0 _______
472
472
338
336
Utoss ea rn in g s.............$ 5 ,8 0 3 ,6 9 3 $4 ,992 ,1 47
3,788,456
3,083,590
Wet e a r n in g s ................ $ 2 ,3 9 4 ,6 0 1 $ 1 ,8 6 3 ,2 0 7
1,172,843
1,122,018
Other in co m e ................
2 6 ,9 2 6
1 9,9 8 8
13,512
22,514

Total receipts.......$2,421,587 $1,883,255 $1,186,355

$250,000
374.000

$1,144

5
F. A A.
1,500,000
Checks mailed.
1,683,000
5 g. J. A D. N. Y ., Guaranty Trust.
1,000,000
do
do
5 g. J. A D.
802,000
5 g. M. A S. N. Y., Gallatin Nat. Bk.
1,085,000
do
do
5 g- M. A N,
3,518,000 See text. Q .-J .
Buffalo, N. Y.
Q.—M.
3,000,000
do
do
498^000
5 g. Ar A O. N. Y ., H. Fisk A Sons.
N. Y., Fisk A Robinson.
3,142,000
4 g. J. A J.
7,121,740 6 in 1902 F. A A. N. Y ., Corn E xch. Bank.
6,500,000
5
J. A D. N. Y ., Central Trust Co.
1,905,000
do
do
5 g. A. A O.
7,803,000
do
do
5 g. A. A O.
150,000
7 g. J. A D. N.Y., H anover Nat. Bk.

Feb. 15, ’ 02, 2
Feb.15, ’02,3%
Feb. 1, 1921
Dec. 1, 1922
Sept. 1, 1937
Jan. 1, 1947
Jan., 1939
Various.
1902-1908
May 1, 1919
May 1, 1920
May 1, 1921
Feb.15, ’02,2*2
June l, 1926
June 1, 1926
Nov. 3 0,1907
May 1, 1946
July 1, ’02, 1M
Oct., 1913
Apr. 1, 1951
July 1 , ’ 02. 3%
June 1, 1906
Oct. 1, 1921
Apr. 1, 1934
June 1, 1927

£1,121,700 See text. J. A J. Lon.,Chpl. M.G.Co.Lim. July 1, 1910
1901.
1900.
1899.
1898.
Interest on bonds___ $710,158
$683,321
$668,110
$665,966
Int. on floating d ebt..
33
421
330
4,264
R e n ta ls........................
473,726
303,114
127,964
121,981
Special appro’ns, etc.
552,365
330,425
Dividend on p re f..(6%) 360,000 (4%) 240,000 (2%)120,000 (2 % ) 12 6 ',000
Dividend on c o m ..(2%) 120,000
...............

B alance....................sr.$205,305 sur.$325,974 sr.$269,951 sr.$232,321
O f f ic e r s . - President, A. G. Yates, Rochester; Vice-President, Adrian
Iselin Jr., New York; Treasurer, J. F. Dinkey, Rochester; Secretary,
J. H. Hoeart, New York.
D irectors.—J. Kennedy Tod, A . G. Yates, A. Iselin, Jr., W. H . Peckham , H. I.
Barney, W alter G. Oakman, C. O’ D. Iselin, J. H. Hoeart, A . Richard, W . Emlen
Roosevelt, Ernest Iselm, Oscar Grisch, Joh n L. Riker.

N. Y. Office, 36 W all S t .-(V . 74, p .3 2 6 , 726, 829, 935, 1250; V. 75,
p. 28.)
B u f f a l o «fc S u s q u e h a n n a R R .—(See M a p .)—Owns from Keat­
ing Summit to Ansonia, Pa., 62 miles; Galeton to New York State
line, 27 miles; Gaines to N. Y. State line, 31 miles; Wharton to Sinnemahoning 19 miles; Cross Fork Branch, 13 miles; leases State line
to W elleville. 10 miles, and State line to Addison, 10 miles. Total
operated. 172 miles. A consolidation in April, 1901, of several lines.
The stocks and bonds of leased lines are owned. V. 73, p. 619. The
com pany has acquired control of large coai properties at Tyler, Clear­
field Co., Pa., to which point an extension from Sinnemahontng, 30 m.,
is to he built. An extension is also to be constructed to Buffalo, about
75 miles, under the charter o f the Buffalo & Susquehanna Terminal
Ry. V. 74, p. 1037; V. 75, p. 76.
Stock .—Common stocK was increased on A pril 1, 1901, from $1,518,000 to $3,518,000. In 1902 $4,000,000 4 per cent non cum ulative
preferred stock was authorized, o f which $3,000,000 was sold to pay
for bituminous coal properties, construction o f new lines in Pennsyl­
vania (see above) and general purposes. V. 74, p. 1037.
D i v id e n d s —
) 1895. 1896. 1897. 1898. 1899. 1900. 1901.
paid in Jan., %
S
4
5
5
5
5
5
Below.
In 1901, Jan., 5 p. 0.; Apr., 1901, to July, 1902, both Inclusive, lkj
p. c. quar. (Q.-J.).
B onds .—The sinking fund retires each year as many 5 per cents as
Indicated by dividing total outstanding by number of years the bonds
have yet to run, purchasable in the open market, or subject to call at
par in order of numbers, beginning witli highest.—V. 65, p. 234. The 5s
are being refunded Into 4s o f 1951.—V. 72, p. 674, 871,1034,1279.
The 4 per cents cover entire property, subject as to a portion there­
of to lien of the 5s. They also cover 3,000 acres of bituminous ooal
lands at Tyler, Pa. Of the bonds not exceeding $3,760,000, includ­
ing bonds set aside fo r refunding purposes, can be Issued on the 172
miles of road and the coal properties mentioned. Further amounts
may be issued for the construction or acquisition of additional road
at not over $25,000 per mile, for new terminals, control of coal prop­
erties and for new equipment.—V. 73, p. 619. Total authorized issue,
$15,000,000, but additional amounts at $15,000 per mile may be is­
sued for double-tracking mileage already covered by the mortgage.—
V. 73, p. 619, 899. A sinking fund of 3 cents per ton o f ooal mined Is
provided lor, to tie Invested in the bonds if purchasable at not exceed­
ing HO i>. 0., otherwise in savings bank securities.
E arning *.—11 months,? 1901-02— Gross, $772,157; net, $333,010
July 1 to May 31.
\ 1900-01....G ross, 659,338; net, 276,146
For 11 rnos. ending May 31, 1902, other income, $32,655; charges,
$136,269, against $81,070; bal., sur., $229,397, against $195,702.
R e p o r t .— Report for year ending Juno 30, 1901, w a s given a t
length in V. 73, p. 008, 619, allowing: Gross, $721,965; net (over
taxon), $301,505, other Income, $6,428; Interest and rentals, $94,445;
dividends paid (7 8i) per cent, $138,850; bal., am-., $74,098. In 1899-00.
gross, $732,991; not, $ 3 4 7 ,9 9 0 .-(V. 73, p. 899;
74, p. 150, 1037; V.
75, p. 76.)

V.

“ B u r l i n g t o n . ” —8 e o C h i c a g o B u r l in g t o n & Q o in o y RR.
B u r l i n g t o n C e d a r R n p l d a A N o r t h e r n R y . — Operates:

Lines owned in fee—
Burlington, la., to Erin, Minn.
(leas 1 1 Jointly leased)............ 296
Branches owned to Postvllle,
Riverside, Holland, eto...........310
Leased—
Manly Jo. to N orthwood......... 14

Jjeased—All stock ownedIow a OUy A Western HR.___
73
Cedar Rapids, I. F. A N. W.,
Holland, la., to Watertown,
80 . Dak., A c.......................... 511
Cod. Rap. A Clinton UK., An 109
Trackage, (over (J. M, A H I’ .) 45
fc.

Total operated Jan. 1 ,1902....................
. . . . ..... ..............1,355
Extension of main line north to Erin, 1!) miles, was built In 1901;
this with trackage rights over the Chicago Mil waukt 0 A Ht. Paul from
t.rln.to Rosemonnt, M inn,,27 miles, and from N ew portto Minneapolis,
1 H miles, together with the purchase of the 8011th Ht. Paul Belt R y .’
Hoiit.h hi,. Paul 1.0 Newport, 3 J miles, affords entrance to hi. Paul and
a
Minneapolis, the through line to the latter tiiuons being operated In
July, 1902. V. 74, p. 1249.
_ if' I'H , , -The Chicago Rock Ldand A Pacific Ry., which owned over
$ 3 ,000,000 or the $7,12 1,740 stock, leased the road fop 099 years from
Juno 1. 1902, on a. basin of fixed charges and (! per cent on the stock.
The minority stockholders (the remaining stock having been largely

MAP OF THE

ft
40

BUFFALO & SUSQUEHANNA
RAILROAD

INVESTORS’
SUPPLEMENT.
[V o l .
l x x v

.

R AILROAD

J u l y , 1902. J

STOCKS

AND

93

BONDS,

Bonds—P rin ci­
IN TEREST OR D IV ID EN D S.
pal, When D ue,
Miles Date Size, or
A m ount
When
Par
of
of
For explanation o f colum n headings, &c., see notes
Outstanding R ate per Payable Where Payable, and by Stocks—Last
Whom.
R oad. Bonds Yalue.
Cent.
D ividend.
on first page o f tables.
R A ILR O A D S.

40 1896 $1,000
C alifornia East’ n—1st M., gold, $15,000 p er m ile.
25 1898
1,000
Cal. N orthw —1st M ., g. ($2,000,000, gu. p.&i.) s.f.
California P a cific—Se e So u th e r n Pacific RR.
1,000
Cambria < C le a r fie ld - 1st M. ($2,000,000) g.G P .o* 103 1891
&
Camden < Atlantic—See W est J e r s e y & Se a Sho RE.
&
30
Camden dt Burlington County—Stock, 6 p. ct. guar.
25
30 1897
1,000
1st m ort., $350,000, gold, gu.p.& i.by P .R R .O P .c*
138 1889
Canada Ati — 1st M., g., O ttawa to Lacolle, & c .F c *
1,000
261
Ottawa A m p rio r Sc Parry Sound, 1st m ortgage.
1902
Canada A tl.. con. M., g., guar. p. & 1. See te x t ..
38
Central Counties, 1 st m ortgage, interest ren tal..
i ‘, o o o
Canada Mich. <• Chic.—1st m ort. See Y. 63, p. 838
£
459
100
Canada Southern—Stock...............................................
1st M. $14,000,000 (Can. m oney). S eeY .63.p .l88. 404 1878
1,000
2d M. fo r $6,000,000. Canad’n m oney. Do.do.c&r 404 1883 l,00 0& c
16 1895
Learn. & St. C la irlst M., gold, gu., p.& i.(end)— c*
1,000
Canad’n Norih’n—W in.& Sask.D iv.bds.g.(Seetext)
T
—
1900
1900
Ontario D iv., m ortgage debentures (see text) —
£100
....
....
100
C a n a d ia n P a c ific —Stock (See t e x t )........................
. . ..
....
£ 1 &C
Pref. stock lim ited to 4 p. c., n on -cum ulative— r
269 1880 £ 1 0 0 &C
Canada Central R R . 2d m ortgage (now 1 st).......
Quebec P rov. dne on Q. M. O. & 0 . and N. S. R R . 370 ’ 82-’83
....
1881 500 &o.
Can. Pacific, land m ort, gold (redeem at 110) —
1st m ortgage debenture sterling........................ 3,221 1885 £ 1 0 0 &c
183 1888 £ 1 0 0 &c
1st mort. on A lgom a Branch, g o ld ................c*&r
Land grant bonds, int. gu. b y Can. G ov ’t . ..e*<fcr . . . . 1888 £ 1 0 0 &c
....
1889 £ 1 &e.
Consolidated perpetual debenture stock ............

Securities

of

Principal L eased,

etc.,

Li NES.

Manitoba S. W. Col. R ’y $12,000 p. m ., int. gu ar.g
A tlantic & N orthw est-List m ort. gold, guar. .c*<fcr
North Shore R y .—1st M. C. P. owns $ 61 0,7 6 7...
St. Law rence & Ottawa—1st m ort., gold, see tex t
Ontario & Quebec stock guaranteed in perpetuity

218
350
205
58
—

’ 94. ’95. ’96.
3 3
4

’ 97. '9 8 .

'99 .

’ 00.

5 g. J. & J. M orton Trust Co., N. Y. Ju ly 1, 1921
fc
5 g. A. & O. San Fran. < N ew Y ork, A pr. 1, 1928

1,279,000

5 g. J. & J. Phila., B road St. Stat’n. Jan. 1, 1941

J. & J. Phila., B road St. Stat’n.
381,925
6
do
do
350,000
4 g. F. & A.
=
3,450,000
5 g. J. & J. N .Y.,B k.M ont., & Mont.
5
1,500,000
See text.
4 *2g.
380,000
5
W orthless.
15,000,000 2 ^ i n ’ 02 F. & A. N. Y ., Gr. Cent. Station.
J. & J. N. Y ., Union Trust Co.
5
14,000,000
5
M. & 8. N. Y ., U nion Trust Co.
6,000,000
130,000
4 g. A . & 0 . M ontreal, Bk. o f Mont.
4 g.
(?)
£700,000 See text. J & D j o London and T oronto.
See text. 5 in 1901 A. & O. N. Y .,5 9 Wall St. & Lon.
A. & 0 . London, Co.’ s Office.
4
31,171,000
6
Yarious
973,333
Montreal.
do
7,000,000
4120 A. & O.
1,314,000
5 g. A. & O. M ontreal,N .Y .orL ond’n
34,998,633
5 g. J. & J. London, Baring B. & Co.
do
do
3,650,000
5 g. J. & J.
do
do
15,000.000
33«g. J. & J.
63,532,000
4
J. & J. London, Com p’ys office.

1884
2,544,000
1,000
1887 £ 1 0 0 &c £ 1,330,000
$616,120
1883
£ 10 0
£20 0,0 0 0
1876 £ 5 0 &C
2,000,000
—
100

exch an ged) were offered the right to J u ly 15 to exch an ge th eir stock
dollar fo r dollar, fo r stock o f the Chic. R. I. & Pac., such righ t c a r r y ­
ing the p rivilege to subscribe at par to 12*^ per cen t in n ew stock o f
the latter. V. 74, p . 1194, 1354; V . 75, p. 28.
D iv id e n d s — 5 ’93.
Per cent. ? 3

$600,000
625,000

’01.

'02

4 4
8
8 6
6
D ividends under lease to be 6 p er cen t yearly.
B onds — Cedar R apids I. F. & N. W. bonds are guaranteed (p. &i.),
and so endorsed. V. 68, p. 185, 721.
Of the B. O. R. < N. 5s o f 1884 (Central Trust Co., Trustee), bonds are
&
reserved to retire, if deemed best, all prior and divisional bonds. F or
extensions bonds m ay b e issued at $15,000 per m ile fo r single and $7,500 per mile fo r second track, the total author, issue n ot b em g lim ited.
M inneapolis & St. L ou is bonds due June, 1927, num bered from 1,101
to 1,400, fo r $500 each ($150,000 in all), have been assumed.
Earnings.—4 mos., >1902 ...........Gross, $1,677,012; net, $644,058
Jan. 1 to A p r il30.
>1901...........Gross, 1,548,645; net, 491,039
a n n u a l R e p o r t .—F iscal year ends D ec. 31. A nnual m eeting is held
on last Tuesday in May. R eport fo r 1901 w as in Y . 74, p. 1249.
l e a r ending Dec. 31— 1901.
1900.
1899.
1898.
Miles oper Dec. 31
1,299
1,287
1,171
1,136
Gross earnings........ $5,360,607
$4,848,277 $4,926,933 $4,545,643
1,250,842
1,432,761
1,430,821
Net earnings.......... . 1,852,593
102,714
260,981
123,101
60,123
Other receipts.........
T otal net in com e.. $1,955,307 $1,511,823 $1,555,862 $1,490,944
Interest on d eb t....... $792,200
$791,150
$795,275
$799,400
D ividends..................(6)427,239 (8)440,000
(8) 440,000 (4) 220,000
18,045
19,977 ____. . . . ___
66,893
M iscella n eou s.........
Surplus................... $717,823
$260,696
$320,587
$404,651
- ( V . 74, p. 1194, 1 2 4 9 , 1250, 1354; V . 75, p. 28.)
JButte A n a c o n d a Sc P a c i f i c R y . - B u t t e to A naconda, 26 m iles
spurs, 22 m iles ; A n aconda to Stuart, M ont., form erly part o f M ont.
Union R y., 8 m ile s ; total, 56 miles. Bonds authorized at $40,000 per
mile. Capital stock, $1,000,000 (par $100). On June 30, 1901, the
Great Northern owned $490,000 stock and $1,000,000 b o n d s ; A n a­
conda Copper M ining Co. ow ned $510,000 stock.
For year ending June 3 0,1 90 1 , gross, $807,024; net, $278,304; in ter­
est, rentals, etc., $83,579; balance, surplus, for year, $194,725. D ivi­
dends at 6 per cent per annum in 1900-01.
C a l i f o r n i a E a n te r n R y . —Owns 30 m., from B lake to Ivanpah,
Cal. In June, 1902, the A tch. Topeka Sc Santa Fe acquired control.
V. 75, p 28. A reorganization in 1896 of the N evada Southern Ry.
stock, $588,800.
bge trustee is In tern ation alT ruat C o., D e n ­
ver, Col, Year ending J un e 30, 1900, gross, $ 2 9 ,9 1 1 ; net, $12,141,
Pres., R. W. W oodbu ry, D enver, C o l—(V. 75, p. 28.)
C a l i f o r n i a IT Iid ia n d H R . —V. 73, p. 899.
C a l i f o r n i a Sc N e v a d a R K . - V . 73, p. 1312; Y. 74, p. 378, 576.
C a l i f o r n i a N o r t h w e s t e r n R y , —Operates under lease the San
Francisco < North Pacific Ry., extending from P ort Tiburon, Cal.
v
( whence ferry to San Francisco, 6 miles), to Ukiah, Cal., 106 miles, and
branchen, 59 miles. A lso, in Sept., 1900, began to build an extension
60 miles into the icd w ood forests o f M endocino and H um boldt cou n t­
ies. C at,of which Ukiah to Willits, 25 m iles, are in operation.
Stock. $3,000,000; is sued, $1,500,000; par, $100. Bonds are issuable
at $25,000 per mile, being guaranteed b y San Francisco A North Pacific,
leased for net profits for 20 years from Sept. 2 0,1898. Pres., A. W.
Foster; V.-Pres., Geo. A. N ew h a ll; Sec, and Com p., Thos. Mellersh.
~ fV . 6 7 ,p. 370, 688, 788; V. 73, p. 444.)
C a l i f o r n i a P a c i f i c I t y . — See S o u t h e r n P a c i f i c HR.
C a m b r i a Sc C le a r f ie ld I t I t , — Cresson Jet. to H oover’s Mill Branch
J e t , 50 miles; branches, 53 to. Stock (par $50) paid in $ 1 ,3 0 0 ,5 5 0 all
owned by Die Pennsylvania RR. Co., which operates the property under
an arrangement terminable at option o f either party. Net earnings are
paid as rental. A l ull abstract o f the m ortgage was in V. 52, p. 976. Of
the bonds, $634,000, were on Jan. 1, 1.902, owned b y P e n n . Kit.
In year 1901, g r o s s , $488,768 ; net, $114,177; Interest and taxes,
$i 11,390, Tn 1900 gross $457,403; net, $144,351.
C a m d e n A: Iln r lf n g t o t i C ow n t y l i l t , —Owns from Camden, N. J.,
to Pemberton. N. J .,2 3 miles; branch, Burlington, N. J., to Mount Holly,
7 miles; total, 30 miles. Operated by the Penney]vania KK., which
guarantees 0 p e r cent on stock, Stock. $381,925; par $25. Dividends
in January and July. In I 9 0 !, gross, $287,960; net. $43,066; profit to
leasee under rental, $5,651. tn 1 9 0 0 ,gross, $277,488.—(V. 04, p. 373.)
C a n a d a A t l a n t i c iS y . — ( i c e M ap (treat N o r t h e r n R a i l r o a d o f
C a n a d a , ) - Owns Depot Harbor, Ont., on Georgian Bay, via Ottawa, to

Vermont State line, 399 m iles; trackage to Hwantoo, V* . 6 mifes;
leases for 99 years from the Central Counties Ry. branch from (Hen
Robertson to Hawkesbury, 21 miles, and branch, South Indian to
Rockland, 17 miles, and from Pem broke Sc Southern Ry. branch from
Pem broke t*> Golden Bake. 20 miles, at 25 per cent of gros onrn)rigs;
total, 466 miles. The com pany runs through trains to Montreal, using
the Grand Trunk Ry. from Cot-eau, Montreal, 37 rnlle.s. u n d e r a tralilo
contract. In Aug., 1899, absorbed Ottawa Arnprior Sc Parry Hound.
In June, 1902, the option for the con trolling Interest, It was under
Stood, was extended
V. 74, p. 1 1 9 4 .
Canada A tlantic Transit Co., organized about Oct,, 1899, with
m1,000,009 stock, will operate a fleet of steamers from Parry mmd to
Duluth, Milwaukee and Chic ago.- -V, 69, p. 954. The Great Northern

5 g. J. & D.
5 g. J. & J.
A. & O.
5
(6) 4 15J.&D.
6
J. & D.

J u ly, 1902, 3%
Feb. 1, 1927
Jan. 5, 1909
2002
Aug. 1, ’02, 1
Jan. 1, 1908
Mch. 1, 1913
Oet. 1, 1945
1930
June 3 0 ,1 9 3 0
Apr. 1, ’02, 2hj
A p r. 1, ’ 0 2 ,2 %
N ov. 1, 1910
Mar. 1,1904-06
Oct. 1, 1931
Ju ly 1, 1915
July 1, 1937
Ju ly 1, 1938
Irredeem able.

N. Y ., 5 9 W all & London June 1, 1934
London, B aring B. & Co. Jan. 1, 1937
do
do
Apr. 20, 1904
Can. Pac. office, London.
See text.
M ontreal and London. J
June, 1902,3%

Ry. o f Canada, together with the Canada A tlantic, form s a short
through rou te fo r ocean-bound freigh t from P arry Sound to the deep
w ater docks at Quebec.—V. 70, p. 279.
St o c k , $6,200,000 com m on and $1,000,000 preferred, all issued, to­
gether w ith $6,158,300 com m on. The stockholders on M arch 1 1 ,1 9 0 2 ,
authorized a consolidated m ortgage to secure 100-year 4 1 per cent gold
$
bonds at $25,000 per m ile and $1,200,000 on the St. Law rence bridge
at Coteau, a p ortion being reserved to retire the present outstanding
bonds.—V. 74, p. 679.
E arnings .—8 m o s „ > 1901-2.................. Gross, $1,187,097; net, $340,922
J u ly 1 to Feb. 28. > 1 90 0-1.. ..............Gross, 1,172,246; net, 206,593
R eport fo r year ending June 30, 1901, in Y. 73, p. 954, show ed gross,
$1,786,338; net a bove taxes and rentals, $374,905; net earnings o f
steamships, etc., $36,649; n et revenue fo r interest, etc , $411,554. In
1899-00, gross, $1,824,865; net, $366,037.— (Y. 74, p. 935, 986, 1194.)
C a n a d a M i c h i g a n & C h i c a g o . —B onds worthless. V. 63, p. 83B
C a n a d k S o u t h e r n R y . —(See Map New York Central < H udson R.
£
R ailroad.)—R oad—Main line from Suspension B ridge station, in clu d ­
ing the Cantilever B ridge to W indsor, Out., 226 miles; branches to
Courtright, Ont., etc., 231 miles; total, 457 miles, o f w hich 100 m iles are
nom inally ow ned b y proprietary com panies. Trackage, St. Thom as to
London, Ont., 15 miles. D ouble track. 135 miles.
Organization, Contracts, E tc.—The Com pany w as chartered in
Canada February 2 8,1 86 8 , and debt readjusted m 1878. In N ov., 1882,
a close con tract was made w ith the M ichigan Central fo r 21 years from
Jan. 1 ,1 8 8 3 , p rovidin g for paym ent to Canada South’n o f one-tliird jo in t
incom e ov e r fixed charges. U nder re-apportionm ent o f D ecem ber,
1892, it was agreed to give the Canada Southern 40 p er cen t and the
Mich. Cent. 60 per cent o f the first $1,000,000 o f net earnings, any
am ount over that to be divided on the basis o f one-third and two-thirds,
as before. B ut under the original contract each com pany is still accordea
all benefit from the reduction in its fixed charges ; consequently as the
M ichigan Central to JaD. 1 ,1 8 9 8 , had reduced its charges about $327,000. that am ount is credited to it b efore division is m ade V. 64, p. 5 .
D ividends — 1888 ’ 89 ’90 '91 ’ 92 ’ 93 ’ 94 ’ 95 ’96 ’ 97-01 1902
8 in ce 1887 .......2 ^ % 2 ^ 3*2 2 ^ 3
3 3 2 1q 2 ^ 2 yearly.
2*2
A nnual R e po r t .—R eport for 1901 was ip V. 74, p. 1136; Canada So.
sh a reof earnings, $375,238; other incom e, $1,832; dividends (2 ^ p .c.),
$ 37 5,0 0 0; bal., surplus fo r year, $2,071.
In 1900 Canada So. share,
$300,852. T otal sur. Jan. 1,1902, $14,316.—) V. 74, p. 11 3 P , 1354.)
C a n a d i a n N o r t h e r n R y . —Port A rthur. Ontario, on Lake Superior
w esterly and northw esterly via W innipeg, M anitoba, to Erwootl, near
the Great Saskatchewan River, 812 miles, o f w hich W irm ipegto B eaver,
75 miles, is a portion o f the N orthern Pacific leased lines referred to
below; P ort A rthur south to Gunflint, 86 miles; h an d les leased from
N orthern P acific (W innipeg to Pem bina, 69 m.; M orris to Brandon, 14ft
m,\ B elm ont to H artney, 51 m.; Portage la Prairie to Delta, 16 in.) 281
miles; other branches not leased, 42 m.; total Feb., 1902, l ,181 miles.
The M anitoba lines of the N orthern Pacific R y., 354 miles, included
above, are sub-let from the P rovin cial G overnm ent for 999 years from
May 30, 1901, at $210,000 annually fo r first 10 years, then $225,000
for 10 .vears, then $275,000 fo r 10 years, and thereafter 300,000, with
the option of purchase at a n y tim e fo r $7,000,000. A line from Sprague
to Duluth, to insure a w in ter rail route for wheat is to bo constructed,
Extensions also projected w esterly to Edm onton, Northwest Territory,
im o British Columbia, to the Pacific Coast and easterly to Quebec,
O ttaw a and Montreal. —V. 74, p. 477. The M anitoba G overnm ent has
the option to purchase the entire p rop erty in 1929 and guarantees
certain o f ihebon ds. See below and V. 72, p. 437; V. 73, p. 615.
O rg an izatio n ,—A consolidation in 1898 of the W innipeg Great
Northern R y , the M anitoba Ry. A Canal Co, and other properties.
William Mackenzie o f T oron to, Senator George A. Cox and the Cana­
dian Bank o f < onumeroe are floating the enterprise. V. 74, p. 1250.
Sto c k . June 3 0 ,1 9 0 1 , a u th o r iz e d , $24,750,000; s u b s c r ib e d and paid
up, $7,000,000.
B onds .-—
The Ontario division 4h)8 were to be a first m ortgage on
the main line 4 f that division, from Port Arthur lo the Rainy R iver
at Urn western boundary o f the Province or Ontario, the term!
unis at Port Arthur, and on 550,000 acres of land grant, and a, gen ­
eral charge on the whole undertaking, subject to first m ortgage
charges created or to he created at not over $ 10,000 per mile o n (lie
various branches • f the Ontario division and on Hie W in nip eg and
Saskatchewan divisions and branches. Trustee D Nat. Bit. of Com
rne.re.e, Toronto, hi forest Is guaranteed by the con tractors, M ackenzie
Mann <, Ho., o f Toronto, Can., until one year after the line Is opened
V
for traffic. The principal ($20,000 per mile on the 290 ml'I oft) and in
t.erest at 4 per cen t will be guaranteed by the G overnm ent, but the
bonds arc not to bo Issued until the const ruction and operation o f the
lines, and Hie present outstanding bonds are delivered In exch an ge,
fur which the G overnm ent lias a m ortgage on the ent ire, property, In­
cluding Northern Pac. lease and option to purchase. V. 72, p. 338, 437.
I he £700,000 Ontario Dlv. deb. thm were offered the privilege of e x ­
change for an equal am ount of 4s, guaranteed, principal and interest,
by the G overnm ent of M anitoba. V. 74, p, 88 2 .
Bonds on W innipeg and fi&akatohd'Wnn divisions, guaranteed p rin ci­
pal arid Interest by the Govern men f o f Manitoba, have been Issued at
$ 8,000 per mile, which may be Increased to $1.0,000 later V. 71, p. 235.
Total land grant to be 2,450,466 sere > On the main line la Man]
.
tube 0,400 acres and In Hankatebewan 12,800 acres \ or mile.

24

INVESTORS’

SUPPLEMENT,

LVol. LXXV".

n on as—P rin ci­
INTEREST OR DIVID EN DS.
Miles Date Size, or
pal,W hen Due.
A m ount
of
of
Par
Rate per W hen Where Payable, and by Stocks—Last
F or explanation o f colum n headings, Ac., see notes
Road. Bonds Value. Outstanding Cent. Payable
Whom.
on first page o f tables.
Dividend.
R A ILR O A D S.

C a n a d ia n P a c i f ic —(Concluded)—
Ont. A Que. deben., interest guar, in p erp etu ity ..
T oronto Grey A Bruce, 1st M., gold, int. as rental.
N ew B runsw ick R y.lstM .,gold ,in t.from ren taL c*
Perpetual consol, debent, stock, int. gu ar..........
Minn. 8t. P. A S. Ste. M arie—See statem ent o f
Duluth So. Shore A A tla n tic—See statement o f
Cane Belt—1st m ort., $824,000, red. aft. 5 yrs., g
Cape Breton R y — 1st M., $2,400,000 g .S ............ c*
C arolina Central— Bonds—See Seaboard A ir L i
C arolina N orthern—1st m ort., $ 5 0 0 ,0 0 0 .G u P ---Carolina < Northwest.—1st m ortgage, $ 4 5 0 ,0 0 0 ....
&
General m ort., gold, $14,000 per m ile.Ta...c*<fcr
Carson < Colorado—1st M., gold, sink. fd.Mp.c*<fcr
&
Carthage < A d i r —IstM . $1,600,000 g. gu.,Un.c*<fcr
&
Carthage Water.& Sack.H ar.—l i t M . g.,gu.n.&i.end.
Catasauqua < Fogelsville—1st m ortgage, g .P e P .c *
£
Catawissa—P ref. stocks, 5% gu. P. A R . R y. See text.
1st m ortga ge...................................... .......................r*
1st consol, m ort., $2,215,000, g o l d . P e P ...........c*
Catskill Mountain^— irst m ortgage............................
F
1st incom e bonds....................................................... .
Cayuga < Susq.—Stock, 9 p. c. rental D . L . A W ___
&
Cedar Rapids Iow a Falls & Northwestern—See B ur
Central B ranch—Cent. Br. U. P. 1st M . ,g .U n ... c *
Central B ranch, 1st m ort., guar., gold ........... M e
Cent. Fla. & G ulf 0 .—1st M., $2,000,000,g.,textSc& r
C e n t .o f G eo rg ia R y . —1st M.,$7,000,000,g.G.c*<fcr
Consol, m ortgage, $18,500,000, gold M e ---- c*<fcr
M ob. D iv. 1st M. (Columbus to Andalusia) g.G .c*
M acon A N o.D iv. 1st M., $840,000, g old .M B a .c*
Mid. Ga. A At. D iv. 1st M .,$9,000 p. m .,cu r Go*
E atont. Br. 1st M. n ot guar, b y Cen. Ga.. g------

671
191
174

£1
£100
£100
£1
that c o m p a ny.
that c o m p a ny.
1,000
69 1901
1901
1,000
ne

....
1883
1884

Ry

41
110
110
300
43
29
....

98

. ...

103
16
34

1899 500 A c.
500
1897
1,000
1900
1892
1,000
1892
1,000
1,000
1891
1,000
1898
....
50
1862
500
1,000
1898
1885
1885
30

LINGT ON CE DAR RA
100
288
312
1,132
138
102
Text.
21

1898
1899
1902
1895
1895
1895
1895
1897
1896

1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
500

President, W illiam M ackenzie; Sec. and Treas., J. M. Smith, T oronto,
C anada.—(V. 73, p. 6 15 ; V. 74, p. 477, 822, 1250; V. 75, p. 76.)
C a n a d i a n P a c i f i c R y . —R o a d —Ow n a trans-continental railw ay
from M ontreal to the P acific Ocean, m ade up as fo llo w s J u ly 1, 1901.
M ontreal to V an cou v er..........2,905 U nder con struction Ju ly 1,
60
Branches and auxiliaries— 1,911
1901.........................................
Leased lin es.............................. 2,653 Operated acct. of ow n ers___ 732
A lso controlled but op. sep.—
Used jo in tly ..............................
94
IFMinn. St. P. A Sault Ste. M.1,409
lIDuluth South S. A A tla n tic 568
Total in traffic retu rn s....... 7,563
ITSee each c o ’s statement.
H istory, E tc.—incorporated Feb. 1 8 ,1 8 8 1 , under charter from D o
minion o f Canada, receivin g $25,000,000 in cash as a subsidy, also
25,000,000 acres o f land, all to be fit for settlement. The Ontario
& Quebec, M ontreal to Toronto Junction, 334 miles, was leased in 1883
fo r 999 years, and its stock and bonds guaranteed. In A u g., 1901,
co n tr o l was purchased o f th^ K ingston A Pem broke R y., K ingston,
Ont., to R enfrew , with branches, 113 m iles.—(V. 73, p. 444.> In Oct.,
1901, tw o branches, aggregating 36 miles, w ere opened. In M ay, 1902,
acquired the Ottaw a N orthern < W estern R y., exten d in g from HulL,
fc
opposite Ottawa, to Gracefield, Que., and from A ylm er to W altham ,
Q ue., 71 miles. V. 73, p. 1161; V. 74, p. 937, 988.
Stock.—The com pany bought of the D om inion G overnm ent an annu­
ity o f 3 p. c. per annum on the com m on stock for the ten years 18841893, the last p aym ent having been m ade in August, 1893. The issue
of preferred stock m ust n ever exceed one half the com m on stock. In
1902 the authorized com m on stock was increased from $65,000,000 to
$85,000,000, the holders o f the com m on stock having the right to A pril
26 to subscribe to $19,500,000 o f the new stock at par, payable in
five equal instalments, viz.: On subscription, June 27, Aug. 27, Oct.
27 and Dec. 27, 1 9 0 2 .-V . 74, p. 267, 378, 829.
Dividends— )
’90-’ 93. "94. ’ 95. ’ 96. ’ 97. ’ 98. ’ 99. ’00. 1901. 1902.
Com m on p. c. > 5 y ’rly 5
0 2^ 2^ 4^ 4 5^ 5
A p r.,2 ^
Preferred p.c. ) Issued in 1894.
4 p. ct. yearly (2 A . & O.)
B onds, D ebenture Stock, Guaranteed B onds, Etc.—In May,
1888, the com pany relinquished its exclu sive right to operate in Mani­
tob a lines to the International Boundary, receivin g the Dom inion G ov­
ernm ent guarantee o f interest on $15,000,000 o f land bonds. These
bonds are a lien on 15,444,200 acres o f land subject on ly to $1,314,000
land grant bonds o f 1881, which are redeem able at 110.
List o f securities held against consol, debenture stock in V. 73, p. 557.
In June, 1890, com pany agreed to guarantee the principal and inter­
est o f $20,000,000 4 per cents, to be issued by the Duluth South Shore
A Atlantic; also 4 per cent interest on con sol, bonds o f the Minneapolis
St. Paul A Sault Ste. Marie and in 1899 interest on the 2nd m ortga ge
4s o f the latter, and in 1901 interest on $1,254,000 M ineral R ange 4
per cent bonds. (See V. 50, p. 874; V. 51, p. 239; V. 52, p. 608; V. 68,
p. 669, 770; V. 73, p. 556.) Owns Dul. S. S. A A t. consols. $15,107,000.
To the A tlantic < Northwest Railroad, crossing the State o f Maine,
&
the Dom inion Governm ent grants a subsidy o f $186,000 per year till
1906 and Canadian Pacific guarantees the balance of interest m oney.
St. Law rence & Ottawa bonds are endorsed w ith the Canadian Paoiflo’ s
acceptan ce o f a 999 years’ lease at a rental sufficient to pay 4 per cent
interest on bonds, and the bondholders’ agreem ent to a ccep t Interest
at 4 per cent (instead o f 6 per cent as form erly), and to refrain from
dem anding principal (due 1910) during continuance o f lease.
The New B runsw ick R ailw ay consolidated debenture stock has
Interest guaranteed by C. P.; interest on the first m ortgage bonds,
though n ot guar, is paid out o f rental under 990 year lease o f 1890.
L an ds .— Lands unsold June 3 0 , 1901, were 15,071,916 acres o f Can­
adian Pacific grant and 857,831 acres o f Manitoba South Western
grant and 174,656 acres o f Colum bia and K ooten ay grant. Total
sales in 1900*01, notinclu d. C.A K. grant, 399,808 acres, fo r $1,262,224.
F or 8 mos. ending Feb. 2 8 ,1 9 0 2 , sales were 778,903 acres fo r $2,482,762.—V. 74, p. 775, 935.
G e n e r a l F in a n c e s . - In 1902 stockholders subscribed to $19,500,000
new com m on stock at par, payable in instalments during 1 hg2, the
proceeds to be used for equipm en . and im provem ents, together with
$3,000,000 appropriated from the surplus earnings fund. V. 74, p. 378.
In 1900-0i £900,000 o f 4 per cent preference stock and £430,000
consolidated debenture stock w ere sold, and proceeds applied to pur­
chase o f railw ays, extensions, additions, im provem ents and equip­
ment ; also £830,000 4 per cent consolidated deb. stock for purchase
o f securities of the M anitoba A N orthwestern R y., 253 miles, and
G reat N orthwest Central R y., 70 miles, form erly leased lines. (V. 70,
p .5 3 5 ,9 9 5 ; V . 7 3 ,p.556.) E xtension proposed in 1901, see V .73, p. 556.
E arnings.—11 mos., ( 1 9 0 1 -2 ..Gross, $34,323,082; net, $13,239,175
July 1 to M ay 31. 5 1 9 0 0 -1 ..Gross, 28,153,026; net, 10,987,943
A nnual R eport.—Fiscal year now ends June 30. A nnual m eeting is
held at M ontreal on the first W ednesday in O ctober. The report for
1900-1 in full was in V. 73, p. 551, 556. See also editorial p. 530.
Year ending
-Calendar years.June 30. 1901.
1899.
1898.
Miles operated end o f y ea r___
7,563
7,000
6,681
Passenger earnings................... $8,083,370
$6,538,590
$7,098,097
F r e ig h t........................................ 18,983,186
16,231,445
18,738,885
Mail, express and m iscell.......
3,788,648
3,368,942
3,393,056
Total earnings.....................$30,855,204

$29,230,038

$26,138,977

£4,007,381
£719,000
£63 0,0 0 0
£858,300
693,000
500,000

J. A
5
4 g. J. A
5 g. F. A
4
J. A

D. London, M orton, Rose.
J. Toronto and London.
A.
London.
J.
do

Irredeemable.
Ju ly 26, 2882
Aug. 1, 1934
Irredeem able

5 g. J. A D. L incoln Tr.Co , 8t Louis June 1, 1921
5 g. J. A J. N. Y ., Standard Tr. Co. Ju ly 2, 2001

$425,000
5 g. A. A O. Phila., Gu.T. & S. D.Co.
M. A N. Exch. Bk., Chester, 8.C.
See text.
5
See text.
5 g. M. A N.
2,000,000
4 g« J. A J.
1,100,000
4 g- J. A D. N.Y. Grand Cent. Stat’ n
do
do
300,000
5 g. J. & J.
135,000
Philadelphia, Pa.
4: g. J. A J.
M. A N. Philadelphia Co.’s office
See text.
5
do
do
See text.
6
F. A A.
do
do
2,215,000
4 g. A. A O.
50,000
F. A A. CTskill,N .Y., Tan.NL Bk.
5
238,000
6
Divid’d pd. Sept. 10,’97.
589,110
9
J. A J. N ew Y ork, 52 W all St.
PIDS A NORT HWESTE RN.
2,500,000
4 g. J. A D. N. Y ., Merc. Trust Co.
Do
do
3,459,000
4 g. F. A A.
N’ne J n e ,’ 02
5 g. A. A O. N. Y ., Standard Tr. Co.
7,000,000
5 g. F. A A. N.Y. GuarantyTrustCo.
do
16,700,000
5 g. M. A N.
do
1,000,000
5 g. J. A J.
do
840,000
5 g. J. A J.
5 cur j . A J.
do
413,000
168.000
5 g. J. A D.

Apr. 1, 1929
1927
M ay 1, 1950
Ju ly 1, 1941
Deo. 1, 1981
July 1, 1931
July 1, 1928
M ay 1 9 /0 2 ,2 ^
Aug. 2, 1902
Apr. 1, 1948
Aug. 1, 1905
Aug. 1, 1915
J u ly ,’ 02, 4 ^ %
June
Feb.
A pr.
N ov.
N ov.
Jan.
Jan.
Jan.
June

1,
1,
1,
1,
1,
1,
1,
1,
1.

1948
1919
1932
1945
1945
1946
1946
1947
1926

Year ending /-------- Calendar years- — —
\
1899.
1898.
J line 30, 1901.
58*16
59*92
Per ct. o f oper. exp. to eara’gs.
60*75
$12,230,166 $10,475,372
Net earnings....... ...................... $12,109,376
1,150,198
423,367
Interest re ce iv e d ......................
933,425
$13,042,801 $13,380,364 $10,898,739
F ixed charges............................ $7,305,835
$6,816,676
$6,774,320
F or steam ships..........................
150,000
155,000
D ividends on com m on sto ck .(5)3,250,000 (5)3,250,000 (4)2,600,000
Dividends on pref. s to ck ... (4) 1,222,506
(4) 954,840
(4) 472,708
Balance, su rplus..................$1,114,460
$2,203,848
$1,051,711
—(V. 74, p. 378, 426, 679, 775, 829, 935, 1194; V. 75, p. 76.)
C a n e B e l t R R . —S ea lyto B ay City, T ex., 69 miles, com pleted July,
1901. In June, 1902, con tract was let fo r exten sion from B ay C ity to
M atagorda, 2 3 ^ miles. Lincoln Trust Co. o f 8t. Louis is the m ortgage
trustee. F or 11 mos. ending M ay 3 1 ,1 9 0 2 , gross, $163,584; net, $58,326. Y ear ending June 30, 1901, gross, $58,844; net, $27,712.
President, Jonathan Lane, H ouston, Tex.; Sec., I, P. Fell, Office, Eagle
Lake, T ex.—(V. 73, p. 444, 956.)
C h p e R r e t o n R y , - I n M ay, 1902, about 30 miles had been graded
and nearly 20 m i'es com pleted o f a line from Louisburg, on east coast
o f Cape B reton Island, N. [S., southeast 86 miles to H awkesbury.
Subsidy about $8,000 per miie. C ontrolled b y the Dominion Securities
Co, (see V. 73, p. 393; V. 74, p. 986), w hich owns 95 per cent of
the stock and all the bonds. Stock, $1,000,000, all outstanding; par of
shares, $100; m ortgage fo r $2,400,000 authorized in July, 1901. Presi­
dent, Dr.W . Seward W ebb. Office, No. 51 East 44th St., N. Y . C ity.—
(V. 74, p. 775, 986, 1088; V. 75, p 28.)
C a r o l i n a C e n t r a l R R * —See Seaboard A ir Line R y. CoC a r o l l n a N o r t h e r n R R . —Owns from Lum berton, N. C., to Ma­
rion, S. C., 41 miles, com pleted N ov., 1901. Stock, $500,000, all out­
standing; par o f shares, $10. Pres, and Gen. Mgr., A ugustus Mellier,
318 Bourse B ldg., Philadelphia, Pa.—V. 73, p. 662.
C a r o l i n a 6c N o r t h w e s t e r n R y . —Owns narrow -gauge road
Chester, S. C., to L enoir, N. C., 110 miles. Reorganization Feb. 28,
1897, o f Chester & Lenoir, foreclosed. In March, 1900, nearly all the
stock and a m ajority o f the bonds had been acquired b y a syndicate.
The stockholders voted on A pril 2 4 ,1 9 0 0 , to increase the capital
stock to $1,000,000 com m on and $1,000,000 preferred; to issue a
new general m ortgage at $14,000 per m ile (including $2,000 for equip­
m ent in 1903 and 1904) to standard-gauge the road and extend the
same to a con n ection in East Tennessee. Of the $1,320 000 issuable
on 110 m iles n ow operated, $440,000 were to retire old bonds, m ostly
retired, $ fo r $. V. 70, p. 840, 893. In July, 1902, standard-gauging
was in progress. Y ear 1900-1901 (110 miles), gross, $144,412; net,
$45,186; charges, $49,079; bal., def., $3,894. President, Wm. A. Bar­
ber, 35 Nassau St., N. Y .—(V. 70, p. 893, 1095.)
C a r s o n 6c C o l o r a d o R y . —(3-foot gauge.)—From M ound House,
Nevada, to K eeler, Cal., 294 m iles; branch, 6 miles. In 1900
substantially all the stock and all the bonds were acquired by the
Southern P acific and the road w ill be broad-gauged and extended
northerly to a con n ection w ith the Central P acific and southerly to
M ojave on the Southern Pacific, about 100 miles. V. 70, p. 381, 685;
V. 72, p. 287. For year 1900-01 gross, $182,590.
C a r t h a g e 6c A d i r o n d a c k R y . —f -see Map N. Y. Central.)—Owns
from Carthage to N ew ton Falls, New York, 46 miles. The entire stock,
$500,000, is ow ned by the New Y ork Central R R ., which in A pril,
1893, leased the property in perpetuity and guaranteed its $1,600,000
bonds, of which $500,000 w ere fo r extensions, etc. (V. 57, p. 218.)
C a r t h a g e W a t e r t o w n 6c S a c k e t u s J t ia r b o r R R . —(See Map
N. Y. OenfraJj—Owns from Carthage to Sackett’s H arbor, N .Y., 29 miles.
Controlled by N. Y. Central, which ow ns $483,800 o f the stock and
guarantees the bonds. Leased to R. W. & O. fo r 3 7 ^ p. c. o f gross
earnings. Rental in 1900-01, $39,825; in 1899-00, $43,958; in 189899, $43,875. Capital stock $465,845 com m on and $21,500 preferred.
C a t a s a u q it a 6c F o g e l s v i l l e R R . —Road from Catasauqua, Pa., to
Kittenliouse Gap, Pa., 29 5 miles. Opened in 1857; in 1890 the P h ila­
delphia & Reading aoquired control through ownership o f a m ajority of
the capital stock o f $426,900 (par, $25.) Of the stock $254,125 is owned
by P. A R., $251,625 being deposited as part security fo r Read. coll,
trust deed o f 1892. For year ending June 30, 1901, gross, $86,050;
net, $49,462; other incom e, $1,281; total deductions, $9,313; .divi­
dends, $29,883; balance, surplus, $11,547.
C a t a w i a s a R R . —Owns from Tamanend, Pa., to N ew berry Jo., Pa.,
98 miles, and branches, 5 miles. Re-leased Deo. 1 ,18 96 , for 999 years
to Phil adelpliia A Reading Railway. Rental, interest on the bonds, 5
p. c. dividends on the preferred stock, all taxes, and $8,000 for
organization expenses. Bee also V. 63, p. 9 69 ,1 1 1 6 . Of the preferred
stocks in 1901 $2,200,000 was first preferred and $1,000,000 second
preferred and com m on was $1,159,500; nar $50. Of the new 1st consoL
mort. 4s of 1898, $195,500, were issued to retire the 6s due Aug. 2,
1902.—(V. 70, p. 429; V. 71, p. 134; V. 72, p. 1187.) .
P a tfr k ill M o u n t a i n R a i l w a y . —Owns narrow -gauge road from
Catskill, up the Catskill Mountain, to Palenville, N. Y ., 16 m ile s; leases
Cairo R R ., Cairo Jun ction to Cairo, N. Y ., 4 m iles; total, 20 miles.
Stock, $89,000. There are also second incomes for $15,600 6 p. c.
First incom es have one vote for each $100. Earnings.—Year ending
June 3 0 ,1 3 0 1 , gross, $56,236; net, $19,187; interest, etc., $13,368.

f

Vj o o g 'a

EMPHIS

Franklin

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Stevenson^

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Tuscumbia!

BOoneville

B o w e rs \Y .
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Ashville,

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J C E N T R A L OF GEORGIA
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INVESTORS’

2 6

SUPPLEMENT,

R A ILR O A D S.

Miles Date Size, or
of
Par
of
F or explanation o f colum n headings, &c., see notes
Road. Bonds Yalue.
on first page o f tables.
C en tra l o f G e o r g ia R y . —{Concluded)—
77
Ocon. D iv. 1st M., Brut, to D ov er,$6,000 p.m.S.c*
Chatt. D iv. purch. m oney M . $2,400,000, g S.c* 155
138
Chatt. Rome<fe So. 1st M. $500,000, g o ld .U ..c*
....
1st pref., in c o m e s ! Interest up to 5 p. c., JM p...
2d do
do
>
gold, if earned,
....
3d do
do
)
non-cum ulative.
IT! a .
....
Cent. R R .& Bk. coll.tr. b ’ ds, g., red. at H O .C e .c*
....
Guaranteed, etc., securities.
....
Ocean SS. Co. 1st m ortgage, gold, g u a r.C e .........c
53
A ugusta & Savannah stock (no bonded d e b t).......
333
Southwestern R ailroad stock (no bonded d e b t)..
Chattahoochee & G ulf, s to ck ......................._...........
68
1st M., g., $2,000,000, int. rental, s .f.,re d .l0 2 1
s
Central Massachusetts - See B o ston & M ain e RR.
....
Central New Ena land— Common stock .....................
....
P referred stock, 4 per ce n t........................................
58
1st M., $1,250,000, ca ll at 105 after 1 9 0 4 .F P .c *
GenT m ort., 5 p. c. incom es, $ 8 ,5 0 0 ,0 0 0 .F P -----r
58
12
Dutchess Co. R R ., 1st M., g., gu. (see tex t). M e . c*
Central Ohio—See B a l t im o r e & O h i o .
C en tra l P a c ific —Common stock, $67,275,500
....
....
P referred stock, 4 p. c., cum ., $20,000,000..........
1st ref. M., $100,000,000, g., g u .,p .& i.e n .C e .cA fer 1,349
<
N ew 3 ^ s , $25,000,000, g., gu., p.& i. end.Us.c*&r 1,349
N otes fo r U. S. debt,due $2,940,635 h alf-yea rly.
O l d S e c u r it ie s n o t E x c h a n g e d . See fo o t note.
Cal. & O. 1st M., ser. A , g. (e x t.). >
0 04.0 oon S 296
Series B, gold (e x t e n d e d )...... \ ^ ^ o . u o o {
296
Mort. g., 5s, 1939, Id. gr., gu., s. f., $10,245,000.6 1,360
Cent. Pa. < WesVn.—W ilkesb. & West., 1st M., g.o*
&
31
a B alance, $39,808,000 retained as collateral

[VOL. L X X V .

Bonds—P rinci­
INTEREST OR DIYEDENDS.
pal,^When Due.
A m ount
Outstanding Rate per When Where Payable, and by Stocks—Last
Cent. Payable
Whom.
Dividend.

1901
1901
1897
1895
1895
1895
1887

$1,000
1,000
1,000
1,000
1,000
1,000
1,000

1890
....
....
1900

1,000
100
100
100
1,000

1,000,000
1,022,900
5,191,100
273,400
294,000

....
....
1899
1899
1890

100
100
1,000
1,000
1,000

3,450,000 > To b e h
3,150,000 s is pai
650,000
5 g.
7,250,000
5 g.
350,000 4ia (6) g.

$462,000
5 g.
1,840,000
4 g.
343,000
5 g.
4,000,000 5 in 1901
7,000,000 Up to 5g
4,000,000 Up to 5g.
4,880,000
5 g.

J. &
J. &
J. &
Oct.
Oct.
Oct.
M. &

5 g. J.*&
J. &
5
5
J. <
fc
5
J. <
fe
J. &
5 g.

D.
D.
J.
1
1
1
N.

N. Y ., Guaranty Tr. Co.
do
do
N. Y ., Union Trust Co.
N. Y ., Gu. T. Co. or Sav.
do
when earned
N. Y ., when earDed.
N. Y ., Guaranty Tr. Co.

J. N.Y., Guaranty Tr. Co.
J.
Savannah, Ga.
J. Savannah and Macon.
Savannah, Ga.
J.
J. Sav., Ga., Citizens’ Bk

eld in tr
d on gen
F. & A.
Oct. 1.
J. & D.

ust fo r ten years, or un
eral m ortgage for tw o
Fid. I.T.& S.D.Co., Phil.
Y early, if earned.
Fid. I.T.& S.D.Co., PhiL

Dec.
June
Ju ly
Nov.
N ov.
Nov.
May

1,
1,
1,
1,
1,
1,
1,

1945
1951
1947
1945
1945
1945
1937

July 1, 1920
July, ’02, 2^5%
July, ’02, 2*2%
Ju ly,2, ’0 2 ,2 ^
Ju ly 1, 1930
til 4 per
years.
Feb. 1,
Feb. 1,
June 1,

cen t
1919
1949
1940

67,275,500 H eld b y South’n P acific C om pany.
100
12,000,000 H eld b y South’n Pacific Com pany.
1899 500 &c. a 58,041.000
4 g. F. & A. N .Y., S.Pac.Co., 23 B r’ d Aug. 1, 1949
1899 500 &c. 19,027,500
do
do
Aug. 1, 1929
S'* g. J. & D.
1899
3
39,802,458
A u g ’02-Fb.’ 09
....
....

1868
1872
1889
1886

1,000
1,000
1,000
1 ,0 0 0

£ 5 3 7 ,0 0 0 1
156,000
620.000

5 g. J. &
5 g. J. &
5 g. A. &
5 g. J. &

J. N .Y., S.Pac.Co., 23 Br’ d.
J. N.Y.,S.Pac.Co.<feLondon
O. N. Y. & San Francisco.
J.

Jan.
Jan.
Apr.
July

1,
1,
1,
1,

1918
1918
1939
1926

fo r 3 per ce nt notes held b y U. S. G over nment.

C a y u g a & S u s q u e h a n n a R R . - O w n s from Susquehanna R iver
t ! Ithaca, N. Y ., 34 miles. Leased during length o f charter and re n e w ­
als thereof to the D elaw are Lackaw anna & W estern at a rental o f
$54,600 a year. C orporate existen ce fo r 50 years from Jan. 1 ,1 9 0 0 .
C e n t r a l B r a n c h B y . - O w n s Lenora to A tch ison , K an., 293
m ile s; Jam estow n to Burr Oak, K an., 33 m.; branches, 62 m.; total.
388 miles. A con solidation in July, 1899, o f the Central Branch
U nion Pacific R y., A tch. C olorado & Pac. and A tch . Jew ell Co. & West.
Stock, $7,585,000. The $3,459,000 1st 4s o f 1899 are guaran­
teed, prin. and int., b y the Mo. Pac. (see Y. 68, p. 329). Form o f guar
anty Y. 70, p. 279. F or 4 mos. ending A pril 3 0 ,1 9 0 1 , gross, $395,405,
net, $85,751; other incom e, $2,486; charges, $80,067; balan ce, sur­
plus, $8,17o. F or calendar yea r 1901 (388 m iles), gross, $1,315,996; net, $348,112; other receipts, $7,569; interest, $238,360; taxes,
including $41,046 prior to 1901, $86,695; m iscellaneous, $433; bal.,
sur., $30,193.—(Y. 70, p. 75, 279, 1148; V . 73, p. 31.)
C e n t r a l F l o r i d a & O u l f C o a s t B y .- U n d e r con struction in Tuly,
1902, irom P lant City, Fla., southw esterly to B raidentow n and Sara­
sota, Fla., about 70 miles; p rojected to B oca Grande, on G asparilla
Island, 65 miles; tota l to be 135 miles. Stock authorized. $ 15 ,0 0 0 per
mile; par o f shares, $100. Bonds are issuable aD the same rate. Pres­
ident, Tlios. H. Me. D onnell, Quincy, Mass.; Sec. a n d T rea s., Oscar O.
Owens, 10 Milk St., B oston; Gen. Mgr , J. H. G aw e.—V. 74, p. 726; Y
75, p. 28.
C e n t r a l o f G e o r g i a R a i l w a y * —(See Map).-—System includes:
L in es owned m fee .
Miles.
L in es leased—
Miles.
Savannah to A tla n ta .............. 295 Southw estern R R .—
G ordon to Porterdale . . . . ___
86
M acon to E u f a u la.............. 144
Fort V alley to P e r ry ..........
12
Columbus to Birnfigliain,Ala. 156
Colum bus to A m ericus..........
62
F ort Y alley to C olum bus...
71
S m ith villeto C olum bia___
85
M ontgom ery to E uf aula, A la.
80
Cuthbert to F ort G ain es. . .
21
Columbus to G reenville, G a.
50
Opelika to R oan ok e................
36 A ugusta & Savannah R R .—
60
E u f aula to O zark.....................
M illen to A u gu sta................
53
G rifiin,G a.,toC hat.,Tenn, etc 198 Chattah. & G ulf R R .—
Chick am an ga to D u rham ___
17
Colum bia to S ellersville.. ..
68
Savannah to T y b e e ............
18
Colum bus to A n dalu sia......... 138
M acon Junction to A th en s... 102
Bruton to D o v e r....................... 77
T otal oper. J u ly 1 ,19 0 1 ...1 ,8 4 5
B arnesville to T hom aston.. . .
16
O cean Steamship C om pany,
T otal ow n ed (and op er’d ). .1,391
estim ated equivalen t o f ___ 300
In addition ow ns in fee Meldrim to L yons, 58 m iles, now leased to
Seaboard A ir Line R ailw ay.
Organization—Organized Oct. 1 7 ,1 8 9 5 , and N ov. 1 succeeded to the
properties o f the Central R ailroad & B anking Co. o f Georgia, sold in
foreclosu re and reorganized per plan in V. 60, p. 1008 and V. 61, p. 68.
Mid. Ga. & A t. was purchased Jan. 1 ,1 8 9 7 . V. 65, p. 324; V. 62, p. 456;
V . 64, p. 82, 180; V. 70, p. 279. On J u ly 1, 1900, the Bruton & Pineora
R y., Bruton to Register, 58 miles, w as m erged. V. 67, p. 687. The
C hattahoochee < G ulf, com pleted in N ov., 1902, from Colum bia, A la.,
fc
to Sellersville, 68 m iles, is leased. V. 70, p. 1194. The Chattanooga
R om e & Southern R R . wafe m erged June 1, 1901 Y. 72, p. 674,
721, 987, 1134.
Stock.—$5,000,000 held b y interests allied w ith Southern R y.
B onds.—The fir st mortgage o f 1895 (described in V. 63, p. 1160) is
a fir st lien on the m ain line from A tlanta to Savannah, inclu din g the
M llledgeville branch (312 miles in a ll), all equipm ent and appurten­
ances and the equity in $1,995,000 o f the capital stock o f Ocean
Steamship Co. o f Savannah. Trustee, Guaranty Trust Co. o f New Y ork.
A p p lication fo r listin g firsts and consols, in V. 63, p. 1160.
The consolidated mortgage (see abstract in V. 61, p. 873, also see
V . 63, p. 1160) is a fir st lien upon 580 m iles [including form er
Mont. & E u f aula R R ., Sav. & W estern and Sav. & A tl.]; also on
the leases o f the South W estern and A ugusta & Savannah roads and
the stock o f N ew E ngland & Savannah Steamship Co., and a second
lien upon the main line, its equipm ent, etc., and also on the M acon
& N orthern and M obile & Girard. It also covers all leaseholds, securi­
ties, etc. It m ay be increased $2,000,000, from $16,500,000 to $18,500,000, at n ot m ore than $500,000 in any one year, fo r betterm ents and
fo r equipment.
Macon < N orthern d ivision bonds are also direct obligations o f the
£
Central R y., with first lien from M acon Jet. to A thens, Ga., 102 miles.
Middle Georgia & A tlantic D ivision bonds are issued at $9,000 per
m ile, o f w hich $8,000 was fo r purchase of road and $1,000 retained
b y Cent, o f Ga. for betterm ents; subject to the E aion ton Branch
bonds, $168,000 on 21 miles, the firsts o f 1897 cov er the 65 m iles of
M. Ga. < At. D ivision.—(V. 65, p. 823; V. 64, p. 180; Y. 65, p. 324.)
fc
The p referen ce incom e bonds, subject to the prior m ortgages, co v e r
the m ain line and the form er Savannah < W estern, Colum bus < R om e,
fe
fc
M on tgom ery & E uf aula. M obile & Girard, M acon < N orthern and
&
Savannah < A tlan tic RRs., and their equipm ent, etc.; also all
te
leaseholds, securities and equities o f properties acquired b y the new
com pany. They are non-cuiuulative and bear interest n ot exceeding 5
per cen t in any one fiscal year, but payable on ly ou t o f net earnings
as declared and secured b y the deed o f trust.
D iv id e n d s —
> 1896. 1897.
1898.
1899. 1900. 1901.
On 1st p ref. incom e.
\ l1
^
21*
2
2
31
*
5
Collateral trust m ortgage abstract was in V. 45, p. 242.

The Chattanooga D ivision mortgage is a first lien on the form er Chat­
tanooga R om e & Southern R R ., Carrollton, Ga., to Chattanooga,
Tenn., 138 miles, and Durham to Chlckam auga, Ga , 17 miles, with
branches, in all 155 miles, su bject to $343,000 old 5s, fo r w hich a like
am ount o f bonds is reserved; $217,000 being also reserved fo r addi­
tion al equipm ent and im provem ents.—V. 72, p. 1134.
Latest Earns., 11 m o s .) 1 9 0 1 -2 ...Gross, $7,191 826; net, $ 1,8 4 1,715
Ju ly 1 to May 31.
S1900-1 .Gross, 6,443,614; net, 1,855,923
Operated 1,845 m iles in 1901-2, against 1,679 in 1900-1.
A nnual R eport.—R eport fo r 1900-1 in Y. 73, p. 841.
Years end. June 30—
1901.
1900.
1899.
$6,086,263
$5,767,346
Gross earn in gs.............................. $6,920,715
T otal operating exp en ses.......... 4,778,148
3,997,748
3,759,978
T a x e s ...............................................
213,411
208 657
206,734
Net earnings from o p e ra tio n ..$1,929,156
$1,879,65 8
$1,800,634
231,463
F rom steam ships, e tc................
215,218
187,359
$2,111,321
$2,015,852
T o ta l........................................ $2,116,515
deductions FROM INCOME FOR YEAR 1900-1.
Interest on funded d e b t$ l,558,587 I Total deduct’s from in c.$ l,9 1 5 ,1 6 3
Rentals, e t c ...................
356,576 |N et in com e.....................
201,352
Officers.—J. F. H anson, Chairman Board o f D irectors, M acon, Ga.;
President, John M. E gan, Savannah, Ga.—(Y. 74, p. 477,
C e n t r a l M a s s a c h u s e t t s R R , - S e e Boston & Maine RR.
F or year ending Mar. 31, 1900, gross, $958,213.—(Y. 72, p. 532; Y.
74, p. 1354.)
C e n t r a l N e w E n g l a n d R y . —Owns from Campbell H all, cross­
ing the H udson R iv er at Poughkeepsie by its ow n bridge, to Silvernails, 58 m ile s; and leases and controls H artford & Conn. W estern
R R ., H artford to Rhinecliff, 109 m iles; total, 167 m iles; also Dutchess
Co. R R ., from Poughkeepsie to H opew ell June., 12 m iles; trackage, 1
mile. The extension from Tariffville. Conn., to Springfield, Mass., 18
miles, exp ected to be operated in the summer o f 1902, the East G ranby
& Suffield RR. bein g incorporated in August, 1901, with $100,000 stock
to build fou r m iles o f road around disputed righ t o f w ay. See Y.
70, p. 739; V. 72, p. 1279; Y. 73, p. 337.
Organization.—In corp orated in January, 1899, per plan in Y. 60
p. 574, and V. 67, p. 789, as successor o f Phil. Read. < N ew Eng. R R .
fc
sold in foreclosu re Oct. 6, 1898.—V 68, p. 84. In January, 1899, p er­
sons friendly to B oston & A lban y acquired a large interest. V. 68, p.
41, 84. Owns $1,390,000 H artford < Conn. W estern stock.
fc
S t o c k .— The stock is to b e held in trust fo r ten years, or until 4 p . o.
Interest is paid on general m ort. fo r tw o years.
B o n d s . — Of the first 5s, $650,000 were issuable at on ce fo r assess­
ments, line to Springfield, etc,, and $600,000 w ill be reserved for im ­
provem ents. In terest on Dutchess Co. R R. firsts reduced to i ^ p . o.

E arnings.—9 months ending Mar. 31;
9 m os.—
Gross
Net.
Charges. B al., su r.
1901-2........................... $449,309
$123,575
$ lie ,0 5 1
$7,524
1900-1............................ 534,035
136,269
112,2^3
24,046
F or years ending J une 30 earnings were as follow s;
Year end. June 3 0 —
Gross.
Net.
Charges.
Balance.
1900-01............................ $711,759
$176,656 $155,718
$20,938
1899-00............................. r 04,093
,
146,117
150,921
def.4,803
Officers.—John W. B rock, o f Phila., P residen t; J. K. O. Sherwood,
o f N. Y ., Treas, and C. A. H eller, o f Pliila., Sec’y.—(V. 73, p. 337.)
C e n t r a l O h i o R R . —See B. & O. R R . Co.; also V. 70, p. 75.
C e n lr a l iO t t t a r io ’ R y . —V. 74, p. 1354.
C e n t r a l P a c i f i c R y . —( See Map o f Southern P a cific.)
Miles.
L ines owned—
Miles.
Branches to San Jose, e t c —
35
San Francisco, Cal., to near
Trackage—
Ogden, U tah..................... 871
6
Latiirop, Cal., to Goshen, Cal. 146 Northern R y „ Main L in e .......
Union Pacific into O gden —
5
Roseville Junction, Cal., to
Oregon State L in e........... 296
T o ta l........................................ 1.359
organization .—Incorporated in Utah in July, 1899, as successor of
the railroad under the plan o f readjustm ent in V. 68, p. 378, b y w hich
the Southern Pacific acquired the entire capital stock and guar­
anteed the principal and interest o f the tw o new Central Pacific bond
issues shown above. The old indebtedness, including the U S. loan,
exceptin g about $693,000 bonds, has been discharged.
S t o c k — (1) Common stock, $67,275,500, all h eld b y So. Pac. Co.
(2) P referred stock14 per cent cum ulative, authorized issue $20,000,000, to be delivered to Southern Pacific Co. in consideration o f issue
of equal am ount o f Southern Pacific Co. 4 per cent collateral
trr )t gold bonds; o f w hich delivered on com pletion o f readjust*
L-ont, $12,000,000; reserved to be delivered on ly to p rovid e addi­
tional funds, if required, for the paym ent of 3 per cen t notes to the
United States, and thereafter on ly fo r betterm ents and additions,
$3,000,000; reserved to be delivered for im provem ents and additions
at not exceedin g $200,000 yearly, $5,000,000.
B onds—First refu n d in g M. gold 4s, $100,000,000, secured b y all
the railroads, terminals and equipm ent n ow owned, including about
1,349 miles o f first track, etc., b y deposit as collateral security o f over
95 per cent o f the old m ortgage bonds. Of the authorized issue

BAILKOAD

J u l y , 1902.]

STOCKS

AND

27

BOFDS.

Su bscribers w i l l c o n fe r a g re a t fa v o r by g iv in g im m e d ia te n o tice o f a n y e rro r d isc o v e re d in th ese T a b le s .
Bonds—Princi­
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal, When Due.
Amount
of
of
Par Outstanding Rate per When Where Payable, and by Stocks—Last
For explanation of column headings, Ac., see notes
Whom.
Payable
Cent.
Road. Bonds Value.
Dividend.
on first page of tables.
RAILROADS.

Cent. R R . o f If. J .—Stock ($30,000,000 author)..
Bonds, secured by consolidated m ortgage of 1874 ___
Convert, debentures, convert, into stock till 1907
Cent.RR.of N.J., Gen.M.for $50,000,000,g.Ce,c<fcr All.
___
Equipm’t mort., $170,000 due yearly June 1 ..
Rea) estate bond and m ortgages........................
Guaranteed Bonds—
Leh. A W ilkesb.Coal eon.M., gu.,p.<fci.,ext. in 1900
Am.Dock& Imp. Co. 1st M., gu., redeem, at 1 10 ... o ' ___
38
N. Y. & L. Br. gen. M., g. ($192,000 5s) ........ Ce
Leh. & Hud. R iv.,gen. M., g., guar, jointly.C e.o*
J. City bonds, guar, (part yearly Deo. 1) see text
Cent. RR. o f Pennsylvania—1st M., $ 1,200,000.F P
42
Central o f South, Carolina—1st m ortgage, g o ld ...c
Central Vermont—Stock, $3,000,000........................
1st M., $12,000,000 gold, traffic guar. A B e & r. AIL
Montreal & Province Line R y ., 1st M., gu. p. < i..c 40-6
&
....
Chari. Clend.dk Sut.—1st M .g.,$30,000 p. m .W .P .o
Chariest n < Savannah — See A t l . C o a s t L. R R .
£
Oharl.dk IVest. Oar.—lstM.,g,($8,000p.m.).Ce..e*<fer 340
....
Incom e M., g., non-cum., ($7,000 per mile) G -.c"
Augusta Ry. Terminal 1st M.,g., gu.,p, A i. end.Ce
....
Chariotte Columbia &Augusta—See Southern R t .
Ohartiers—8 to ck ............................................................
1st mortgage, $625,000 ..........................................c
23
Chateaugay RR.—Stock.........................................
39
10
Chattahoochee Valley—1st M., $110,000........ A B .

$100 $27,414,800 See text. Q.—F.
M. & N.
1872
1,167,000
7
1,000
M. & N.
6
1883
1,000
51,000
1887 500 Ac. 43,924,000
5 g.
IT
J. A D.
4
1,190,000
1899
1,000
5
V arious
179,100

N.Y.Off., 143 LibertySt.
N. Y ., Liberty Nat. Bk.
N. Y ., Liberty Nat. Bk.
N. Y ., Liberty Nat. Bk.
do
do
do
do

Aug. 1 ,’ 0 2,2 %
Nov. 1, 1902
May 1, 1908
July 1, 1987
Y ’rly to 1909
Various dates

Q .-M .
J. & J.
M. A 8.
J. A J.
J. A D.
M. A N
J. A J.
00 held
Q.—F.
A. A O.
A. A O.

do
do
do
do
do
do
N. Y ., Nat. E xch. Bank.

June 1, 1919
July 1, 1921
Sept. 1, 1941
July 1, 1920
D ee.1’ 1902-03
May 1, 1943
July 1, 1921
Canada.
May l , 1920
Oct. 1, 1950
Oct. 1, 1944

1875
1,000 b 7,743,000
4^3
5
4,987,000
1881
1,000
1,745,000 4 & 5 g.
1891
1,000
1890
1,000 a 1,062,000
5 g.
4
199,002
1898
6
1893 500 &o.
600,000
1,000
300,000
1881
6 g.
100
3,000,000 $2,185,1
1899 1000&C. 11,000,000
4 g.
=
1900 100 &o.
200,000
4 g.
=
1894
1,000
1,500,000
5 g1896
1896
1897
1901
1887
1900

1,000
1,000
1,000
50
1,000
100
1,000
l,000g

2,720,000
2,380,000
600,000

Phil.,Fid.I.Tr.A S.D.Co.
N. Y., Cuyler, M. & Co.
by Grand Trunk Ry. of
Bos., Am. L. A T. Co.
do
do
Phil.WstEnd T. AS.D.Co

5 g. A. A O. N. Y., Chase Nat. Bank. Oct. 1, 1946
5
July
I f earned.
Oct. 1, 1946
N. Y . Cent. Tr. Co.
A pr. 1. 1947
6 g. A. & O.

645,300 7 in 1901
500,000
3^
75,000
200,000
6
5
(1)

A p r .l ’ 02,31
a%
A. A O.
A. A O. Philadelphia, Penn. RR. Oct. 1, 1931
Plattsburg, N. Y.
Aug. 1. 1907
F. A A.
J. A J. Amer.L. AT.Co. .Boston. July 15,1920

a Guara nteed jointly w ith Le high Co al A Navigation Co.;
H On coupon bonds JAJ; on registered bonds ; Q - J .
tional not guaranteed, b $4,432,000 additional are o utstan ding, bu t owned by C. RR. of N. J.
,
1
1

$62,000 addi-

Annual report . —Fiscal year changed to end June 30. A nnual
$39,808,000 is held by the United States as collateral fo r 3 per cent
m eeting was held on May 9,19 02 , and will be hereafter on the Friday
notes. See A bstract , V. 69, p. 808, and V. 70, p. 739.
Thirty-year gold 3^8, $25,000,000, secured b y a second lien follow in g the third Monday in September. Of the 16,256,821 total
upon all the properties covered b y the 1st ref mortgage, and also by tonnage in 1900,6,252,628 consisted of anthracite coal and 10,004,193
deposit -with the Trustees as acquired of all securities and moneys held o f general freight, against 5,736,912 anthracite and only 5,784,510
in any sinking fund of the Central Pacific RR., consisting Jan. 1,1899, general freight in 1895. The report for 1901 was in V. 74, p. 573, 581.
of $12,553,000 in securities and $86,459 cash, and b y a trust deed See also editorial, p. 551.
upon all the lands covered by the mortgage dated Oct. 1,1870.
Tear ending Dec. 31.
1901.
1900.
1899.
See Mortgage Abstract, V. 69, p. 858; also see p. 851. From the p ro­ Merchandise................................ $5,073,417
$4,744,039 $4,519,483
ceeds of these sinking funds and land sales cancellation of bonds •will C oal..................................
7,230,817
6,283,653
6,208,793
be made from time to time; in February, 1900, $2,505,000 313 s were
Passengers................................... 2,602,746
2,569,085
2,526,159
canceled, and to Apr., 1902, $2,171,000 additional had been canceled
E xpresi and m ail.......................
293,877
284,272
271,729
reducing those ont standing to $19,219,500.—V. 70, p.739; V. 70, p. 1194. M iscellaneous.............................
85,853
94,597
109,546
Twenty three-per-cent notes, aggregating $58,812,714, issued to
the Government in settlement of subsidy debt; $19,004,714 paid, leav­
Total gross earnings.............. $15,286,710 $13,975,646 $13,645,710
ing $39,808,000 to mature, of which $1,577,733 Aug., 1902, and $2,- N et earnings................................. $7,461,463
$6,097,300 $6,220,305
940,635 half-yearly thereafter to Feb., 1909. First refunding 4s are Other incom e................................ 1,903,125
1,757,702
1,164,293
deposited to retire them when due.
Land Grant.—Total land grant was about 12,000,000 acres, of which
Total net incom e.................. $9,364,588
$7,855,002 $7,384,598
about 6,839,608 acres remained unsold on June 30, 1901. Sales in Interest on d ebt........................... $2,743,408
$2,760,252
..........
2,354,747
2,123,607
... ....
1900-1, 98,633 acres; cancellations, 18,880 acres. Land contracts on Rentals paid.................................
hand July 1, 1901—principal of deferred payments, $805,259; aver­ T a x e s .............................................
..........
402,949
351,781
age price per acre, $4 15.
Renewal fands, e tc....... . .........
640,000
—
..........
..........
G eneral F inances .—Cancellation of the S^s o f 1899 is being Dividends...... ........................... (534)1,570,516 (5)1,355,615
effected from time to.time from the proceeds o f the sinking funds ana
Balance, surplus.................. $1,652,968
$1,263,748
also from land sales, $2,505,000 o f the bonds being thus retired early
in 1900. V. 70, p. 279,739. Paym ent o f one of the notes for $2,940,- -(D ire cto rs, May, 1901, V. 72, p. 987; V. 74, p. 5 8 1 ,6 7 9 , 726.)
635 held by the Government was anticipated in Feb., 1900, and a
C e n tra l R R . o f P e n n s y lv a n ia .—Owns Bellefonte (Penn. RR.)
second in Feb., 1901, in each instance releasing an equal amount of to Mill Hall, Pa. (on Beech Creek RR.) 27 m iles; branch, 5 m iles;
4s deposited as collateral, which were sold; in Mar., 1901, $1,496,090 operates Nittany Val. RR., 7 miles. Current liabilities June 3 0 ,1 9 0 1 ,
was paid on account of a third note due Aug., 1902. V. 70, p.429, 480; $445,793. For year 1900-1, gross. $68,572; net, $20,190; oharges,
V. 72, p. 437; V. 73, p. 82,
$54,384; deficit, $34,194. Stock, $1,200,000; par, $50.
Earnings.—11 mos. ) 1 90 1-2...Gross, $18,560,830; net, $6,967,330
C e n tra l B B . o f S o u th C a r o lin a .—Owns from Lane, S. C., to
July 1 to May 31. \ 1 9 0 0 -1 ...Gross, 17,820,526; net, 7,020,482 Sumter, S. C., 42 miles. Leased to the Atlantic Coast Line R R .; rental
R eport —In 1900-01. gross, $19,328,289; net, $7,655,083 ; other $31,000 yearly. Stock, $170,000, par $50. In year 1897-98, gross,
income, $920,542; int., taxes, sinking funds,{eto., $6,029,131; construc­ $95,286; net over taxes, $36,019.—(V. 64, p. 887.)
tion, imp’ts, etc., $906,164; baL, but., $1,640,330. A bstract of report
C en tra l V e r m o n t B y .—Operates from Rouse’ s Point, at north end
for year ending June 30,1898, was given in V. 67, p. 1157, 1163, show­ of Lake Champlain, to New London, Conn., with branches 531 miles in
ing gross, $15,766,349; net, $6,544,679.—(V. 73, p. 82; V. 74, p. 883.)
all of which 218 miles leased, viz.: New London & Northern (see that
C e n tr a l B R , o f N e v v J e r s e y . —(See Map Phila. & Reading R y.)— com pany), 157 miles; M ontville Branoh, 3; Montreal < P rovince Line
%
Operates from Jersey City, opposite New York City, westerly to
Ry., 58.
Wilkesbarre anr Scranton, Pa., and the neighboring anthracite coal
O r g a n iza t io n .—Succeeded May 1, 1899, per amended plan in V. 67,
fields; also southerly to the seashore resortsof New Jersey, etc.:
p. 735, the Central Verm ont R ailroad, foreclosed. V. 68, p. 1076.
Lines owned in fee.
Miles. Lehigh & Susquehanna, PhilS e c u r it ie s , E t c .—The Grand Trunk Ry. holds $2,185,100 o f
Jersey City to Plfillinsburg___ 72
llpshurgto Union June.,|etc. t.171 the $3,000,000 stock, and under a trafflo contract will make good any
Sundry branches........................ 82 Wilkesbarre A Scranton $ .......
5 deficiency Id earnings to meet interest on the new firsts up to 30 p. e.
Entire stock owned.
Lehigh & Lackawanna............. 36 of Grand Trunk gross receipts from trafflo interchanged. Montreal &
N ew York A Long Branch RR.,
Other lines...................................
9 Province Line Ry. bonds, Bee above.—V. 71, p. 390, 697.
Perth Amboy to Bay H ead.. 38 AJlentownTerm. (oper.jointly) 3
R e p o r t .— For year ending June 30,1 90 1 , in V. 73, p. 1261, sh ow ed :
New Jersey Houth’ n RR., Long
Trackager—
Year.
Gross.
Net.
Oth. inc.
Oharges. Bal.,sur.
Branch to Atsion, e tc............ 76 Union Coal R R ........................... 10 1900-1........$3,262,133
$662,297
$10,400
$669,893
$2,803
Other lines (no debt)................141 Lehigh A New England............ 2 1889-0. .. . 3,382,723
783,439
10,845
665,435
128,849
Leased (mostly for 999 yrs.) Miles. Tresckow Branch......................
5
Officers.—President, E. C. Smith, St. Albans; Clerk and Treasurer,
Ogden Mine RR. 11..................... 10
NeaquehonJng Valley f ............ 17
Total operated Jan. 1,1902. .677 W. H. Chaffee, St, Albans, V t .- (V . 72, p. 44, 86; V. 73, p. 956, 1 2 6 1 A
C e n tra lla & C h ester I I B .—See Illinois Southern RR.
»
I See this c o m p a n y , t S ee L eh igh C oa l A N a v . in “ M iso. C o m p a n ie s .'
C h a rlesto n C le n d e n n in <fc S u tto n R R .- O w n s road, Charles­
There Eire 261 m iles o f secon d an d 3 0 m iles o f fo u r tr a c k s. W ith th e
ton, W. Va , to Big Otter, 64 miles. Capital stock authorized, $3,000,Balt. A O hio a n d th e P h ila . & R e a d in g o p e r a t e s th e “ B lu e L i n e ” b e ­ 000; par, $100; outstanding July, 1900, $1,867,300. First, m ortgage is
tween W a sh in gton and th e S o u th w e s t an d N o w Y ork , th e B . & O. tr a c k s for $3,000,000. Year ending June 30, 1901, gross, $151,639; net,
being u sed to P h ila d e lp h ia , th e R e a d in g to B o u n d B r o o k a n d th e C en ­ $83,328; total deductions. $79,145; balance, surplus, $4,183.
tral N. J. to J e r s e y C ity .
President, T. II. Given. Pittsburg, Pa.; Secretary and Treasurer,
H i s t o r y ,—Ch a r te r e d In 18 49 . F ro m M ay, 1 8 8 3 , to J a n . 1, 1 8 8 7 ,
Samuel L. Harman, Philadelphia, Pa,—(V. 61, p. 1012.)
leased to P h ila d e lp h ia & R ea d in g . R e c e iv e rs w e re In p o s se ss io n from
C h a rlesto n A S a v a n n a h B y . —See A tlantic Coast L ine RR.
Ian. 1 ,1 8 8 7 , till J a n u a ry , 1888. R e o r g a n is e d in 1 8 8 7 w ith o u t f o r e ­
V. 73, p. 83.
closure—see plan V. 4 4 , n. 7 1 4 . 7 1 6 . C o n c e rn in g c o a l p r o p e r tie s see
C h a rleston A W e s te r n C a r o lin a I t y .—Port Royal, H 0 ., to
.
Lehigh A W ilk esb a rre and L eh igh G oal A N a v . In " M is c e lla n e o u s .” I n
Augusta, Ua., 112 in., and Spartaab’ g, Greenville and Anderson, 228m.
•Jan., 1901, c o n tr o l pa ssed to th e R e a d in g R y ,, w h ich a c q u ir e d
H is t o r y .—A reorganization and consolidation Dot, 3,1890, of the
$ 1 4 ,5 0 0 ,0 0 0 o f the s t o c k . V . 7 2 , p 8 6 , 1 3 6 ,2 4 1 ,3 9 1 , 72 1.
Port, Koval A Augusta and Port Royal A Western Carolina, purchased
S t o c k . —I n cr e a s e d to $ 2 7 ,0 5 3 ,8 0 0 In M a y . 1 8 9 9 , b y sa le o f $4,at, foreclosure sale by Thomas A Ryan, who sold the entire capital stools
6 0 3 ,8 0 0 at p a r to re tir e h o o d s , an d sin c e In crea sed $ 3 6 1 ,0 0 0 in e x ­ and large portion of its Issue of income bonds to Atlantic Coast Line
ch a n g e fo r c o n v e r t ib le d e b e n tu re s.
In December, 1897. V. 66, p. 38. 335.
D lV .— J ’ 90. ’ 91. ’ 9 2 t O ’ 9 4 . '9 5 . ’ 9 6 . ’ 97. ’ 98. ’ 9 9 . '0 0 , 19 0 1 . 19 02 .
Stock . $1,200,000; par, $100. A full statement as to Augusta Ry.
P. o . ) 6 Ohi 7 y e a r ly . 5 1
*
5
4*4 4
4
5
5 Jri(j,A ng.,fl
Terminal <:o. and its bonds was in V. 66, p, 383.
E aksings . For year ending June 30, 1001, gross, $068,207; net,
In F eb ., 1 9 0 2 , th e d iv id e n d r a t e w a e Increased, t o 8 p . e . V. 7 4 , p. 93.
*232,753; ot her Income, $2,474; taxes, $12,700; charges. $182,005;
B o n d s . F or general mart, a b s t r a c t see V. 4 5 , p. 4 0 2 . J e r s e y C ity
surplus, $9,622. President, J. B. Cleveland, Hpnrtanburg, 8, 0.;
b o n d s (V.C8. p. 128) w ill be ta k en u p b y C, R R , or N. J .: In 1902, $ 7 0 ,Secretary, James F. Boat, Wilmington, N. O,—(V. 73, p. 1207.)
61 6; 1903, $ 1 2 2 ,3 8 5 .
C h iir tle r * I ty .—Owns from Carnegie, Pa., to Washington, Pa., 23 nt.,
T h e L . A W. COB.I m o r tg a g e Is fo r $1 5 ,0 0 0 ,0 0 0 ; th e b o n d s , fo r m e r ly
I.eased till 197) to the Pittsburg Glnelmia.ll A St. Louis (now Pitts­
7s., w e re ln 1900 e x te n d e d a t 4 h ip . o, and gn a rn .n teed , p r in cip a l and
burg Cincinnati Chleago A H Louis;; the rental la net. earnings.
I,.
Interest; $ 4 ,4 3 2 ,0 0 0 o w n ed b y the O. R R , o f N. .1. w ere in J u n e ., 1902,
Capital stock, $645,300 (par $50); Pennsylvania Co. owns $333,650.
held in the trea su ry as a v a ila b le assets. T h e r e m a in d e r Is re se r v e d fo r
fu tu re re q u irem en ts. F or g u a ra n ty see V. 7 1 , p, 2(5,
DIVIDENDS / ’ 87-BO. ’00. ’01. '02. ’03, '94. ’95. ’OH. ’97. ’98. ’(M)-'Oa.
J o in tly and se v e r a lly w ith the C oal A N av. Co g u a ra n te e s $ 1 ,0 6 2 ,0 0 0
s in c e ’86 (p.o.) J 6.y’rly. 5 '« 7»n 8 10 10 8
9
10 10 7 y’ rly.
L eh . A H n d. R iv e r Ry. G en. 5s, prin . a n d int.. 8 e e V. 67, p. 788.
Of tho now 3'ns authorized In Bept., 1001, $500,000 were used to
E a r n in g *.—5 m os., ) 1 9 0 2 ............C r o s s , $ 0 .4 4 1 ,0 6 2 ; n et, $ 2 ,2 6 5 ,9 7 4
refund a like amount o f 7s, due Got. I, 1901, and the remainder
J a n . 1 to M a y 3 1 . 1 1 9 0 1 ...........G ross,
0 ,6 8 0 ,8 3 6 ; n et, 2 ,7 4 8 ,6 8 9
reserved for future requirements. V, 73, p, 015.

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KAILBOAD

J u l y , 1902.J

stocks

an d

29

bonds.

Bonds—Prlnoi
INTEREST OR DIVIDENDS.
pal,When Due.
Miles Date 8ize, or
Amount
of
of
Par Outstanding Rate per When Where Payable, and by Stocks—Last
For explanation of column headings, Ac., see notes
Payable
Whom.
Dividend.
Road. Bonds Value.
Cent.
on first page of tables.
RAILROADS.

Chattanooga Southern^-Stock ($750,000 Is p ref.)...
89
1st mortgage, gold.............................. - .....................
89
Incom e m ortgage, non-oumulative, $750,000---30
Chesapeake Beach—1st M., $1,000,000, gold.C o.o*
C hesapeake & O hio—Stk.(transf’r agt.J.P.M.ACo.) ___
Mortgage 6s, gold, ser. “ A & B ” See text..C e.o* 5428
1st m ort.,of 1911, Penln. E xt., gold. See text.o* l 75
8
Ter’l 1st in.,1922, covering 8 m., to Phoebus.g.o*
1st consol, mort. for $30,000,000, gold ..Ce.cGfcr 664
252
Rich. AA11 Div. ls tc o n .M ., g. See te x t...C e -c *
2d cons. M .,R ich. via. Lynchb. to Clifton F .C e 252
26
Craig Valley branch 1st mortgage, gold — Ce.c*
25
Warm Springs Branch 1st mortgage, g old ..C e.c*
General mort. (for $70,000,000, etc.) g o ld ..C e .o ’* 1,174
Kineon Coal mort., assum e!, red. beg. Oct., 1905 ....
Car trusts, payable monthly on 4,400 cars..........
Car trusts on 25 loco, and 1,000 cars, pay. ann’ly

1895
1895
1898

__

1878
1881
1882
1889
1890
1890
1890
1891
1892

__

1888

.... 1888
____ 1893
__
13
.... 1895
96

....

1898
1900

27
41

1896
1901

4

i ,6 ’o o
100
1,000
1,000
500 Ac.
1,000
1,000
1,000
1,000
1,000
1,000
500 &o.

1900

Gu a r a n tee d B onds.

Elevator Co. 1st M., gold,p. &i. g u a r ............Ce.o*
2d mortgage, for $500,000, income, non-cum.c*
C. & O. 88. 1st M. deb. red. at par, gu., p. & i --Greenbrier A New River RR. 1st m ortgage.......
Lo. A Jeff.Bdg.lstM.,$5,000,000,gu.p.&i.,end.1[.*o
Norf. Term’l A Trans. 1st H ., $500,000, gu. p.&i.
Greenbrier Ry. 1st mort., $3,000,000, g ...C o l.c *
Passenger A Belt Ry. (Lex , Ky.), 1st mort., gold
Chesapeake Western—
-Stock ($608,400 is p ref.).......
C. & W. Istm ortgage, gold ($25,000 per mile) C o.
Ches. West, new m ortgage, $1,435,000, g o ld ., c*

$100

1,000
1,000
£100
1,000
1,000
1,000
1,000

$3,000,000
non ft issued.
5 g. J. & J,
none issued. 5 if earn.
1 ,000,000
5 g. J. & J. Office, Washington, D.C.
N.Y.,J. P. Morgan A Co.
60,541,100 1 in 1901 .....
do
do
2,013,354
6 g. A. & 0.
A. & O.
do
do
2,000,000
6 g.
do
do
142,000
6 g. J. A D.
do
do
25,858,000
5 g. M. A N.
do
do
6,000,000
4 g. J. & J.
do
do
1,000,000
4 S■ J. A J.
do
do
650,000
5 g. J. A J.
do
do
400,000
5 g. M. A 8.
do
do
32,832,000
4 ^ g . M. A S.
200,000
5 g. A. A O. Cen.Tr. A S.Dep.,Cin.,0.
1,815,993
1,000,000

830,000
450,500
a £80,000
533,000
113,000,000
500,000
2,000,000
150,000
100
1,419,600
500 &o.
666,000
1,000
1,419,000

1 Guaranteed join tly and severally with Clev. Cin. C hie. & St. L.
1

E a r n i n g s .— For year ending Dec. 31, 1901, gross, $490,027; net
$136,727; other incom e, $11,010, int. and taxes, $42,249; dividends,
$45,171. In 1900, gross, $417,096; net, $135,406.—V. 73, p. 615.
C R ateau gay R .R .—Operates narrow-gauge road from Plattsburg,
N. Y., on the Delaware & Hudson, to Saranac Lake, in the A dirondack
Mountains, 73 miles. Of this it owns from Dannemora to Lyon Mt.,
18 miles, and. leases the Chateaugay Railway, L yon Mt. to Saranac
Lake, 39 miles, and the Plattsburg & Dannem ora RR. (so-called),
Plattsburg to Dannemora, 16 m. The latter road is leased from the State
of N. Y. for one dollar and the free transportation o f freight to the
State’ s Prison at Dannemora. The Chateaugay Railw ay is leased for
nterest on its bonds, which are guaranteed principal and interest by
the Delaware A Hudson Co. (See V. 73, p. 1263.) Built in interest
oi Chateaugay Ore & Iron Co., and to carry summer travel to the
A dirondacks. In J anuary, 1897, the Saranac & Lake Placid, 10 miles,
« a s leased for 17 years Jointly with the Chateaugay Ore & Iron Co.
In July, 1902, it was proposed to standard-gauge the road. Stock,
$75,000 (par $100.)
E arnings .—In year ending June 30, 1901, gross, $264,139; net,
$22,702; rentals" and taxes, $26,760; balance, surplus for year,
$4,058. In 1899-00, gross, $238,196 ; net, $44,386.—(V. 73, p. 1263.)
C h a th a m Ac L e b a n o n V a lle y R R . —See Rutland RR. V. 73,
p. 1207.
C h a tta h o o c h e e Ac G u l f R R . —Completed in 1900 from Colum­
bia, Ala., to Sellersville. about 68 miles. V. 71, p. 806.
L ease.—Leased in perpetuity to Cent, of Georgia Ry. for 0 per cent on
$273,400 stock and $300,000 bonds, of which 1 p. c. to be used as a
sinking fund for retirement of bonds, upon com pletion of which rental
will be 5 p. c. on stock, payable J.-J.—See Central o f Ga. R y.—(V. 70,
p. 1194; V. 72, p. 820.)
C h a t. R o m e Ac S o u th . R R . —Merged 1901 in Central of Georgia.
C h a tta n o o g a S o u th e rn R R . —Owns road, com pleted in June,
1891, from Tennessee State line to Gadsden, Ala., 87 miles; Round Mt.
branch, 3 m iles; trackage to Chattanooga, 5 m ile s ; sidings and
spurs. 10 m iles; total of all track, 105 miles. Successor to Chatta­
nooga Southern Ry., sold in foreclosure Feb. 14, 1895; plan in V. 61,
p. 830, but m Jan., 1901, the new securities had not been issued.
The new lets were to be $5,000 per mile on present mileage and $10,000 on extensions. V. 63, p. 401.
Earninos.—11 mos., > 1901-2....... Gross, $88,619; op. def., $22,109
July 1 to May 31. S1900-1........Gross, 86,056; op. def., 31,310
Year ending June 30, 1901. gross, $92,843; def. under oper. exp.,
$38,512. In 1899-00. gross, $95,086; def. under oper., $22,721.—(V.
63, p. 823.) Sec., E. C. Osborn, 31 Nassau St., N. Y.
C h esap eake R ea ch R a i lw a y .—D eanw ood,D . C., to Chesapeake
Beach, Md., 30 miles, completed in July, 1899. Stock, $1,000,000, all
outstanding; par, $100. President, Otto Mears; Vice-Pros., Chas. Pop­
per; Sec. and Treas., Fred. W. Moffat. Office, 1420 New York Ave.,
Wash., D, a —(V. 69, p. 228.)
C h e s a p e a k e Ac O h i o R y . —fSee Map.)—Operates from Newport
News Va., and Washington, p . C., to Cincinnati, Ohio, with branches.
L ines owned in fe e —
Miles.
IRnes conlr’d by stock, etc. Miles.
Old Point Comfort and New­
Elizabethtown Lexington A
port News via Charlottes­
Big Sandy R R ...................... 109
ville to Ashland, K y............ 512 Greenbrier Ry.
Richmond via Lynchburg to
Whitcomb to Cass, W, V a ..
81
Clifton Forge, v a ................. 232 Sundry branches..................... 144
Branches in Va. and W V a.. 134 Line to W ashington.................
85
lAnes controlled by stock, etc.—
Trackage to Louisville..........
84
Maysville & Big Sandy RR.
L ea sed ......................................
13
Ashland, K y.,to Covington, 143 Other trackage.........................
23
Bridge—Covington, Ky., to
Cincinnati, Ohio...................
2
Total system June 30,1901 1,562
Second track............................ 129
Also owns one-sixth Interest in the Richmond-Washington Co.
O f the above mileage 1 9 miles is narrow-gauge road. Or the “ leased”
9 miles is on Washington line and 4 miles at Lexington, Ky.
The brunch from Whitcomb up the Greenbrier River to lt,s forks, 05
miles, to a connection with the West Va.- Cent A Pitts., was opened to
Cuss, s ! miles, on June 1,1001, t.lie balance to be completed in 1902.
Kxtoru loti of Greenbrier A New River coal branch, 0 miles, was
opened Oot. 1, 1901. (V. 73, p. 678.) Extension from Wiiltehouse,
Ky., to the Breaks of the Big Sandy in Virginia, about 00 miles, under
charter of P.ig Sandy RR., was let in June, 1002.
In Oct,, 1901, purchased Kineon Coal Co. terminals In Cincinnati,
assuming $200,000 bonds. V. 73, p. 956, 1 159,
D i s t o r t , A c . —The former Chesapeake A Ohio was sold In fore­
closure April 2,1878, and Ui Ih company organized, in 1688, under
the direction of Dtexel, Morgan A. Co., reorganized without foreclosure,
and the road extended to Cincinnati. The consolidation with the Rich­
mond A Alleghany was consummated In January, I 800. The Elizabeth
town Lexington A Big Handy and other roads wore absorbed in 1892.
C a p i t a l St o c k . C om m on s to ck Is $ 6 0 ,5 2 9 ,5 0 0 ; In creased fro m
$ 4 5 ,0 0 0 ,0 0 0 to this figure sin c e 1892 th rou g h e x c h a n g e o f p r a c tic a lly
all the $ 2 5 ,0 0 0 ,0 0 0 o f p re fe rre d sto ck s fo r com m on s to ck and gen eral
m o r tg a g e
p er cen ts In certa in proportions. First preferred for
$ 1 1 ,7 0 0 and err on a preferred fo r $ 9 0 0 o n ly w as o u ts ta n d in g J u n e
30, 19 0 1 . See term s o f e x c h a n g e In V, 54, p. 642. S to ck m a y be r ed u ced
by m a jo r ity v o te o f s to c k h o ld e r s If d e e m e d d e s ir a b le .—V . 7 0 n 1 7 5 ,

4
4
5
5
4
5
4
5

g. A. A
Oct.
g- J. A
F. &
g. M. A
F. &
g. M. A
g.

0.
do
do
1.
J.
London.
A.
Richmond.
8. N.Y., J.P. M organ & Co.
A.
New York.
N.

5 g- F. A A.
4 g. A. A O.

Contin. Trust, N. Y.
New York.

1925
1925
July 1, 1923
N or.2 7,’01,1%
July 1, 1908
Jan. 1, 1911
June 1, 1922
May 1, 1939
Jan. 1, 1989
Jan. 1, 1989
July 1, 1940
Moh. 1, 1941
Mch. 1, 1992
Oct, 1, 1915
To 1903
To July, 1905
Oot.
Oot.
Jan.
Aug.
Mch.
Feb.
Nov.
Jan.

1,
1,
1,
1,
1,
1,
1,
1,

1938
1988
1909
1942
1945
1948
1940
1903

Aug. 1, 1945
Oct. 1, 1951

a £10,000 called ye arly at par.

D ividen ds .—First div.R ljp. o.^paid Oct., 1899; ;Nov., 1 90 0,1 p. 0.
Nov., 1 90 1,1 p. c
B onds .—Abstract o f consol, m ortgage of 1939 in V. 49, p. 147; of
Richmond & Allegheny m ortgages in V. 51, p. 144.
The general mortgage o f 1892 (Central Trust Co. and H. T. Wickham
trustees) is for $70,000,000, but additional amounts at $25,000 per mile
may be issued fo r double-tracking. Of the $70,000,000 as above,
$32,691,000 bonds were reserved to provide for the $30,000,000 co n ­
sols o f 1889, issued or to be issued, etc. The balance unissued m ay be
sold for new acquisitions, roiling stock, etc., but n ot m ore than
$2,000,000 thereof in any one year. The mortgage covers the entire
property of the com pany, real and personal, at the time the
deed was made, and all additional property and mileage
acquired with the proceeds o f the bonds. See full abstract o f m ortgage
in V. 54, p. 6 44 ; also V. 54, p. 6 4 2 ; V. 55, p. 335. In Apr., .1902
$32,833,000 had been listed on New York Stook Exchange. $1,000,000
havingbeen sold for construction and improvements, and $3,002,000
to redeem the Elizabethtown Lexington & Big Sandy 5s, m aturing
Mar. 1,1902, etc.—V. 74 p. 679.
The Louisville < Jeffersonville Bridge bonds, o f which $3,000,000
£
are outstanding, are guaranteed jointly and severally b y the Chesa­
peake & Ohio andCleveland Cincinnati Chicago & St. Louis; any deficit
on account o f the bridge is payable by them m the proportion of onethird and two-thirds respectively—see V. 60, p. 130; V. 61, p. 327,
559; V. 62, p. 84 and separate statement for L. A J. Bridge Co.
Of the Greenbrier Ry. 4s o f 1900, guaranteed principal and interest,
$1,000,000 are reserved for extensions and improvements. See guar­
anty, V. 72, p. 626; see also V. 71, p. 554, 602.
Operations , F inances , A c.—Since the reorganization In 1888, when
the control o f the com pany was placed fo r five years in the hands of
trustees, the property has been greatly enlarged and improved.
In Jan., 1900, Pennsylvania interests purchased a large block of
stock, and with the M organ-Vanderbilt interests now ow n a m ajority
o f the stock.—V. 70, p. 75, 632; V. 72, p. 480,
On June 30,1900, the N. Y. Cent. & Hud. Riv. and Clev. Cin. Chio. A
St. Louis owned stock representing outlays respectively o f $1,638,455
and $2,453,569. V. 71. p. 398, 5"5. On Jan, 1, 1902, the Pennsyl­
vania RR. proper owned $10,130,000 and the Northern Central $1,
500,000 of the stock.
The C. & O. 88. Co. line was form ally opened Sept. 7 ,1 8 9 3 , and ow ns
six steamers, using the railroad wharves at N ewport News. The Coast­
wise 8S. Co., whose $636,800 bonds were purchased in 1899-0, owns 3
ocean tugs and 15 barges and leases 3 steamers. V. 71, p. 554.
E arnings .—11 mos., ) 1901-2...Gross, $15,330,355; net, $5,712,288
July 1 to May 31. j 1900-1...Gross, 14,057,831; net, 5,260,959
For 6 months ending Dee. 3 1 ,1 9 0 1 : Not earnings over taxes and
maintenance, $3,107,096; fixed charges, less not income from other
sources, $1,861,277; balance, surplus, $1,245,819.
A n n u a l R e p o r t .—Flsoal year ends June 30. Annual meeting is
held at Richmond on the Tuesday preoeding the last Tuesday in
October. R eport for 1900-01 was given in full in V. 73, p. 659,‘677,
and showed the following. See also editorial p. 639.
Traffic.—Of the total tonnage (10,125,497) in the year 1900-01, opal
and coke furnished 5,450,514 tons, or 54 per oent of the w h o le ;
products of agriculture furnished 9 per oent. The average rate re ­
ceived on seaboard coal was only 2-72 mills per ton per mile ; on all
freight, 3-88 mills. Average train-load, 259 tons in 1892,511 in 1900-1.
Tear ending June 30—
1901.
1900.
1899.
Miles operated.................
1,561
1,476
1,415
Passenger earnings......... $2,826,813
$2,681,076
$2,422,053
10,095,144
9,062,879
Freight................................. 11,842,213
Express, mail and mlflcel.
702,516
625,850
524,908
Total earnings............ $15,371,542
$13,-402,070
$12,009,889
Oper. expenses and taxes $9,967,180
$9,087,639
$8,077,384
p < ot. expenses to oarnB.
t
(65)
(68)
(67)
Net earnings...............
$5,404,362
$4,314,432
$3,982,455

Other income.,...............

149,925

148,371

100,157

Total and net Income. $5,554,287
$4,402,803
$4,082,012
interest on bonds, A c ,... $3,552,300
$3,300,22,1
$3,326,481
Extraordinary expenses 1,304,172
348,666
........
Balance, surplus____ $997,725
"$$07,880
$700,130
‘ Dividends, 1 p. o ............ $005,287
$005,287
$005,287
* Bald from accumulated surplus, Balance to credit o f Income aocount June 80, 1901, $1,062,325.
OmrroKKg. President, George W, Stevens, Richmond, Va.; VicePresident, D oatur A xtell, Richmond, V u ; Treasurer, 0 . E. Potts,
<
Richmond, Va ; Secretary. O. E W ollford, Richmond, Va.; C o m p ­
tr o lle r , L. F. Sullivan, Richmond, Va.
1)1 o d o m
L o c a to r A x t e ll, J o h n I*. G roon, 8. M . P ro v o s t, l.lc tira n W . fllo rtW H
r iim in a o y M. Dapow, W illia m H . N m vn m ii, rw iiu iio l Ron, I I M oK . T w o ra ld o y
I f . T . W ic k h a m .

—(V.78, p. « u » , 6 5 0 . 0 7 7 , 950, 1159; V. 74, p, 320; ’ 378, 528, 079,
1104.)
cin-sn pin It e W d t c r i i I l y . —Owns North Itlvor Gap, V 11., to
Bridgewater. 14 miles; opened May l, 1002; leases for 99 years Ches­
apeake f A western HR., Brldgowai i t to Elk ton, 27 miles; total, 41
mlb a Projected to tidewater on Chesapeake Bay, and westerly Into
the West Virginia coal Helds, of which 14 miles from Bridgewater to
North River Gap Is completed.

so
©

< 1

o
c

E

Ju l y ,

.RAILROAD

1902. J

STOCKS A N D

31

BONDS

Bonds—P rin ci­
IN TEREST OR D IV ID E N D S.
pal,W hen D ue.
Miles Date Size, or
A m ount
When
Par
of
of
For explanation of colum n headings, &c., see notes
Outstanding Rate per Payable W here Payable, and by Stocks—La&t
Whom.
Cent.
Road. Bonds Yalue.
Dividend.
on first page o f tables.
R A ILR O A D S.

Chestnut H ill RR.—Stock, rental P. & R. R y ...........
C h ic. & A lt o n R y - —Com. stock, $ 20,000,000---Pref. stock. 4 per cent.non-cnm ., $ 2 0 ,0 0 0 ,0 0 0 ...
F irst lien M .,$22,000,000.g,sub.call a tp a r.F .c& r
Ch. & A lton R R . refund’ gM ., g. See text.IC .e*& r

4
57
57
57
A ll

$50
100
100
....
1900 l,00 0& o
1899 1,000&C

U n d e r l y in g Se c u r it ie s , E t c .

£200
Gen. M., Jol. to E. St. Louis & br., sterlin g .U s c* 322 1873
162 1878
1,000
S.f. bonds (K.C.St.L.<feC.lstM.eol.),g, not dr’n U s .o *
1,000
Miss. R iv. Br., 1st M., g., ass’d, s. f.jd F n a t 1 0 0 ;e* . . . . 1877
162
100
....
Kansas City St. L. &(¥. pref. stock, guaranteed..
100
37
....
Joliet & Chic., 7 p.o. stock,perpet.,guar, b y C.&A.
101
100
....
Louisiana & Mo., guaranteed p referred stock —
100
....
C h ica g o H u r lin g to n & Q u in cy —Stock,7 p.c.rental . . . .
1,000
C on/M . co v ’n g Ch. Term, (now 1st lien) see text.c* 826 1873
Illin ois Div. m ortgage, $85,000,000, cur. N R — 1,642 1899 1000,&o
$
Sink, fund, Iow a D iv., 5s, (col. tr.) draw n at 1 05 ..
901 U1879 1,000
8 7 9 1,000
Sink, fund m ortgage 4s, drawn at 1 0 0 ............c<fcr
.... 1881 1,000
Sink, fund 4s (So. W. D iv.) draw n at 100.........c*&r
415 1881
1,000
D env. exten. (coll, tr.) b ’ ds, s.f. dFn at 1 0 0 .N R .c *
.... 1883 1,000
Debentures fo r Han. & St. Joseph stock ............ o*
,
N ebr’ s k a e x t.,$ 2 0 ,0 0 0 p. m. (s. f ., n o td r’n)NRc*<fer 1,472 1887 l,00 0& c
121 1895
1,000
C hicago <felowa D iv., collat tru st............. N R .c *
.... 1890-2 100 <fcc.
Convertible debentures (See rem arks)................o*

Q .-M .
Phila., Treas. of.
$195,650
6
June 4, ’02,|l1
a
19,542,800
19,544,000 4 in 1902 J. & J. N. Y ., 120 B roadw ay, Ju ly 1 /0 2 ,2 %
22,000,000
do
do
Jan. 1, 1950
31sg. J. & J.
do
do
Oct. 1, 1949
31,988,000
3 g. A. & O.
TT4,379,850
111,663,000
11413,000
1,750,000
1,500,000
329,000
111,142,800
21,699,000
34,046,000
b 2 ,566,000
c 8 ,390,000
d 4 ,300,000
©7,968,000
9,000,000
25,900,000
2,320,000
379,400

b , $434,000, and
c , $4,207,000 can celed not includ ed. d , $1,450, 000, and
here included.
If Cash deposited to retire these at m a turity. —Y . 69, p. 178.

Stock authorized, $50,000,000; outstanding, see table. Ches. W est.
RR. has $533,500 com . and $29,200 p ref. stock outst’ng. In Oct., 1901,
m ade a m ortgage to the B ow ling Green Trust Co. o f N ew Y o rk to secure
$1,435,000 bonds. Y. 73, p. 899, 1356. Y ear ending June 30. 1901
(27 m iles), gross, $31,159; net after deducting taxes, $677; no in ­
terest paid, bonds bein g held by construction com pany. President,
De W itt Smith; Treas. and Gen. M gr., W. H. H all; 8 e c.,J . C. Ward.
Office, 100 B roadw ay, N. Y . - ( V . 73, p. 8 9 9 ,1 3 5 6 ; Y. 74, p. 986.)
C h e s t n u t H i l l R R . —Owns from G erm antow n to Chestnut n i l l
Pa., 4 miles; bein g double-tracked M ay, 1902. R e-leased in 1896 to
Phila. & R eading R y., the rental being reduced from 12 p er cent to 6
per cen t on stock, the latter bein g increased in June, 1902, from
$120,650 to $195,650 —(Y 74, p. 936, 986; Y. 75, p. 76.)
C h ic a g o «fc A l t o n R y . —(S ee M a p )— Ro a d — C hicago t o St. L o u is,
Kansas C ity, etc., in all 920 miles, o f w hich about 110 double tracked,
Leased L ines.—
Miles.
Road Owned—
Miles.
Springfield, 111., to G rove, 111.. 58 R oodhouse, 111., to Kansas
City, M o.................................. 251
Leasea L in es—
Chicago to East St. Louis, 111. 280 B loom in gton to W ann, via
J acksonville G odfrey &
Coal City L ine, In d ..................... 25
U pper A lton (all in 111.).... 159
Dwight, 111., to W ashington
and L a coc, 111....................... 80 Trackage to Peoria, 111., e tc .... 17
M exico, M o., to Cedar City, M o 50
T otal o f all ow ned, leased and operated in system ........................920
Or g a n iza t io n —This railw ay com pan y was organized in A pril, 1900,
and purchased substantially all the stock o f the Chicago < A lton
fc
R ailroad Com pany, viz., $ 1 8 ,3 2 2 ,4 0 0 of the $ 1 8 ,7 5 1 ,1 0 0 com m on and
$ 3 ,4 7 2 ,2 0 0 o f the $ 3 ,4 7 9 ,5 0 0 preferred stock, all o f w hich has been
deposited as security under the first lien m ortgage o f 1900; also the
line o f the St. Louis Peoria & N orthern betw een Springfield and G rove,
58 m iles
The ra ilroa d , w hose separate existence is m aintained for
legal reasons, has been leased for 99 years from A p ril, 1900. the rental
being the net earnings, after paym ent b y the lessee o f all interest on
b o n d s . taxes and other charges, etc. (See V . 7 0 , p. 6 8 6 , 995.)
St o c k .—A uthorized, $20,000,000 each o f com m on and 4 per cent
non-cum. preferred; issued in amounts as show n in table above, the
unissued stock being reserved to exchange fo r the outstanding stock
of the railroad com pany n ot n ow owned.
D iv id e n d s .—First sem i-annual dividend on preferred, 2 p. c., paid
Jan. 10, 1901; July, 2 p. c.; 1902, Jan., 2 p. c%; J u ly, 2 p. c.
B o n d s .— The first lien 3 ^ 8 o f 1900 are secured b y p ractically the en ­
tire capital stock o f the C. <i A. Railroad, as shown above, and by a
S
direct first lien on Springfield to G rove, 57 m iles.—V. 70, p. 894, 944.
(See application to list III full in V. 71, p. 1021.)
The railroad m ortgage securing the 3 p er cents o f 1899 w ill
refund bonds marked “ fi” in table'm aturing during n ext fou r years
and also provide fund for im provem ents and extensions. Bonds in
excess or $40,000,( 00 m ay be issued thereunder on vote o f tw othirds of the stockholders fo r extensions o f n ot over 500 miles,
main track, at not exceedin g $20,000 p er m ile, to fund leased line rentt&l obligations and for future betterm ents not to exceed $5,000,000 at
not over $1,000,000 per annum from Jan. 1. 1900. Stockholders in
1899-00 purchased $31,988,000 o f the new 3 p. c. bonds at the rate
of $650 cash for each $1,< 00 face value; V. 70, p. 739. See ofiicial
circular In V. 69, p. 178; also p. 26, 129, 541; V. 70, p. 4 29 ,99 5 .
General Finances.—The new management has made large expendi­
tures f o r the development of the property, having purchased 4,000
ne w freight cars and 77 heavy locomotives, and undertaken important
w ork

In the reconstruction of bridges, etc.—V. 70, p. 680, 894, 944,995.

The money to pay all the existin g 6 and 7 p e rce n t bonds having
r
)een deposited with the United States Trust Go., together with the
interest thereon to the m aturity o f the several loans, the annual in ­
terest charge of the C A. A. RR. Co. is virtually 3 per cen t on the $31,968,000 new bonds, viz,, $959,040.- V. 7 i , p, 1012.
L a t e s t EAKN’ e - 1 1 m o n .,) 1901-2.,Gross, $8,498,023; net, $2,721,174
July 1 to May 31.
J 1900-1..Gross, 8,278,927; net, 2,856,408
ANNUAE R epo r t .-—Fiscal year now ends June 30. R eport fo r year
1 9 00 -01 was in V. 73, p. 839,
/---- Calendar yea r----- r
—Year end. June. 3 0 .M iles....... . .........................

1898.

843

1899.

843

1900.

855

19 0 1 .

920

G r o s s e a r n in g s .................. $ 6 ,0 9 3 ,2 9 5 $ 7 ,1 5 5 ,9 0 2 $ 7 ,7 9 0 ,4 4 9 $ 9 ,0 3 6 ,6 5 5

Opcr. e x p e n s e s ............. 3,976,638
N e t e a r n in g s ..........

4,103,577

4,541,1 13

5,495,608

$ 2 ,7 1 7 ,6 5 7 $ 2 ,9 9 2 ,3 8 5 $3^255^331 * 3 ,4 4 0 ,9 8 7

Dividends ( 7 p. o.) on C hicago < A lton HR. stock owned. x $ l,5 2 5 ,6 2 2
fe
Miscellaneous in com e................... .................................... ..........
5,759
Total Incom e..................................... ............................
$4,972,368
P^r.tajs to f ’. Sc A. H it ................................................................. $3,34 1,901
T a * e s on c o m p a n y 's lin e n o t c o v e r e d b y l e a s e .........................

Interest 38a per cen t b on d s......................................................... .

1 1 ,5 6 0

770,000

A ll c h a r g e s ........................................... ........................ ...................... $ 4 J r 3 ,401
J
7 8 1 ,7 6 0

4 p e r c e n t p r e fe r r e d d i v i d e n d ............................................................

Surplus

. . . ______ _________________ _

......

$67,147

x UnU^r It.4 Icahc nf the TiaUmnd, f-ho flail way .com pany Opdrat ex the lino rttld
?
a* rental pwld in 1POO-01
1,901, v Ij Im ere*!, taxes anri rqrjtnD
L:
f>if»,444j
o f net earnings. ? IAuc,if>7. From th h la*i,
pnlU 7 pnr eent D l.oes,
w ) 07 the Rniltnad on ID stork. This stonk U n early n\\ ow ned O f to e Hal)

6 g.
6 g6 g.
6
7
7
7
7
3*3
5
4
4
4
5
4
5
5

J. & J.
M. & N.
A. & O.
Q .- F .
Q -J .
F. & A.
Q .- J .
J. & J.
J. & J.
A. & O.
A. & O.
M. & 8.
F. & A.
M. & N.
M. & N.
F. & A.
M. & S.

©, $2,599,0 00, are

Lond’n,J.S.Morgan&Co.
N. Y ., 120 B roadw ay.
do
do
do
do
do
do
do
do
N. Y ., B oston and Chic.
N Y ., B k .of Com .& Bost.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do

Ju ly 1, 1903
M ay 1, 1903
Oet. 1, 1912
A u g .l’0 2,lL j%
July, ’0 2 ,1%%
A u g .l, ’ 02, 3*3
J u ly 1 , ’02, 13*
July 1, 1903
J u ly 1, 1949
Oet. 1, 1919
Oot. 1, 1919
Sept. 1, 1921
Feb. 1, 1922
M ay 1, 1913
M ay 1, 1927
Feb. 1, 1905
Sept. 1, 1903

in sinking fun d uncanc eled and

are

way com pany, w hich th erefore treats th e dividends receiv ed th ereon ($1,525,622) as “ oth er in com e,” as here shown. T h e Railroad, a fter paying dividends
and adjustm ents ($35,82<0 had a surplus fo r th e year o f $227,491 and a tota l
surplus June 80,1901,11,181,881.

O f f ic e r s .— Chairman o f E xec. Com .,E . H. Harriman; President, S.
F elton ; Vice-Pres., John N. Faithorn; Treas., F. V. S. Crosby ^Secretary,
A lex. Millar, 120 B roadw ay, N. Y . E xecu tive Com m ittee, E. H. H ar­
rim an (Chairman), Jam es Stillman, G eorge J. G ou ld a n d M . L. Schiff.
D irectors—G eorge J. G ould, M. L. Schiff, Jam es Stillman, E. H . H arrim an
F. S. W inston, New Y ork; C. H . Chappell. S. M. Felton, D. R . Francis, Joh n
J. M itchell, N . B. R eam , Chicago; Jam es P. Forgan,‘.St. Louis.

—(Y. 7 2 ,p. 241; V .7 3 ,p .l8 3 , 2 3 5 ,7 2 0 ,8 3 9 ; V.fc74, p .32 6.)
C h ic a g o B u r l i n g t o n & Q u in c y R R . — f N s e J f a p j —R o a d .— Ope­
rates a great system o f roads extending from Chicago w esterly, re a ch ­
ing St. Paul and M inneapolis, Minn., St. Louis and Kansas City, M o.,
Omaha, Neb., D enver, Col., Cheyenne,W yo., B lack H ills, S. D ., and B il­
lings, M ont. The accom pan yin g m ap shows clearly the system , viz.:
L ines east o f M issouri Riv. Miles.
West o f M issouri R iver.
Miles.
Owned (standard gau ge)....... 3,987 S ecu rity all ow ned, leased in
C ontrolled (narrow g a u g e ).. 179
p erpet’ty(B .& M .R .in N eb.).3,797
Leased and operated jo in tly . 175 Kans. C. & Omaha (controlled) 203
T otal operated in system June 30, 1901........................................ 8,171
O r g a n iz a t io n , &c . This w as a consolidation in July, 1875, o f the
Chicago B urlington & Quincy in Illinois and the B urlington < Missouri
te
R iver in Iow a. C hicago B urlington & N orthern and other subsidiary
lines in Illin ois w ere absorbed in M ay, 1899. V. 68, p. 975. In
1900 purchased the rem aining leased lines in Iow a and M issouri, viz.:
Kans. C. St. Jos. & Co. Bluffs, St. L . K . & N. W ., Ohio. Burl. < K . C.,
fc
H an, &. St. Jos., Keokuk & W est, and Chic. Ft. Mad. & Des Moines*
Burl. & Missouri R iver, etc.—V. 71, p .6 9 7 ,8 63,963; V. 73, p. 137, 899.
In June, 1902, the B urlington & W estern, 109 m iles, w as standardgauged. Y. 75, p. 28.
In July, 1901, $107,577,200 o f the $111,200,000 stock had been e x ­
changed fo r the jo in t 20-year 4 p. c. bonds o f the Gt. N orthern and
N orthern Pao. secured by the deposit o f the stock in trust, on the basis
o f $200 in bonds for $100 stock. See circular, V. 72, p. 871, and appli­
cation to list, Y. 73, p.294, and description o f bonds under Great Nor.
A branch from A lliance, Neb., to Guernsey, W yom ing, and from
Brush, Col., north to a ju n ction therew ith at N orthport, Neb., about
150 miles, was opened Sept., 1900, o f w hich 23 m iles is U nion Pacific
trackage. V. 71, p. 437 E xten sion from Toluca, M ont., to Cody City,
W yom ing, 120 miles, was com pleted in 1901, In Mar., 1901, the
D avenport R ock Island & N orthw estern R y., Moline, 111., to Clinton,
la ., 40 miles, was acquired jo in tly with the Chic. Milw. & St. Paul R y.—
Y. 72, p. 532, 675. In Feb., 1902, purchased Kansas City P eoria <
&
Chicago R y., W est Quincy to Pattonsburg, Mo., 196 miles, and in June,
1902, p ra ctica lly all the bonds and stock o f the Jackson ville & St,
Louis R y,, Jackson ville, to Centralia, 111, 112 miles. V. 74, p. 426,
1307. In July, 1902, extension from B illin gs, M ont., northw est to
Great Falls, on the Great N orthern, w as proposed.
F or legal reasons the road is leased to tue Chic. Burl. < Q uincy R a il­
fc
way (which see below ) fo r 999 years from O ctober, 1901, at 7 per
cen t p er annum on stock. Y. 73, p. 8 4 2 ,1 0 1 1 ,1 0 6 1 , 1 20 7,1 3 12 .
C a p it a l St o c k .—The stock has been increased fo r the a cq u isition
of new lines, retirem ent o f over $15,000,000 con vertible debentures,
etc.; in 1880 a 20 p.o. distributionwas made. See “ O rga n ization ” above.
Divs.— ) ’ 81-87 ’ 88 ’ 89 >90 ’ 91 ’ 92 ’93 ’94 ’ 95-’97 ’ 98 ’99 to S ep .,’ 01
P er cent. $ 8 y rly 5
4 5 41* 5 5 43* 4 yly. 5 1 6 yearly.
#
On June 15, 1901, 2 p. c. was paid for the 4 m onths ending J u ly 1.
1901, when interest on the new Great N or.-Nor. Pao. collateral trust
4 per cent bonds began; Sept., l ' c p. o.; first quarterly dividend under
lease, V\ p. o., paid Jam 1 ,1 9 0 2 , dividends h ereafter to be Q .J .—V.
74, p, 41.
S i n k i n g F u n d s .— f n eluded In the bonds outstanding In the table
above are sundry bonds o f the com pan y which are held alive and
drawing Interest for accou n t of the various sinking funds.
R o n d s .— For fu ll d e s c r i p t i o n o f each l o a n s e e t h e e d it o r i a l a r t i c l e o n
pages 3 to 6 o f S upplement o f Oct., 1896, a n d O u k o n i o l d V. 63, p. 775.
The mortgage o f i8qg f o r ty6ytooo,ooo secures bonds dated Ju ly 1,
1899, maturing July 1, 1949, and to bear interest at not to exceed 5
per cent. Bucb bonds as may be Issued bearing
per e d it interest
will be su bject to call at 105 per cent and accrued Interest iwttd those
bearing interest at less than
p. Q at par and Interest on any
*
coupon day after th irty years. The Issue is limited to $85,000,000,
and the l ien securing the bonds w ill becom e an absolute first m ortgage,
coverin g all lines east o f the Mississippi R iver, upon the pay­
ment, of $28,924,000 consolidated m ortgage 7 per cent bonds due
July 1, 1903, and of $2,320,000 Chicago A Iow a Division 5 per cent
bonds due Feb. 1, 1904. Sultlcdent o f the new loan is reserved to take
up Diene $31,244,000 bonds and $34,040,000 were issued In 18991902. The rem ainder of the loan will be available for additions, e tc,—
See V. OH, p. 771; abstract, V. 69, p. 283; V. 69, p .79 5; V. 74, p. 1307.
The town r/lvhdon bomb* are a find m ortgage on the main line In
Iowa from Burling ton to Fn«t IMattHinoutb on Die Mo, River, 278 miles,
and on 122 miles of branches; they are also a 1 rst collateral lien on 420
1
miles o f branches and H miles nf second trunk. These bonds have a
O
sinking fund of 14# p e rce n t ($203,800) yea rly, for which, the 4s are
subject to null at 100. Die 5s at 105. The single main line and brandies
covered "sh o ll not exceed In Dm aggregate 900 miles." at $16,000
per m ile; on second track (of which June 30, 1901, there were 80
miles) may be Issued an additional $ 14,000 per mile. (V. 65, p. 462.)

“T O
*aynes V.
*&• 4
* ^ W
I ^ ^ X ^ K ^ P p le t o n
M IN N *- n
Jb
^ s.M ou tev id 0 5
—-oJHP*.
Litchfield^
»—
*
/^ < ~ v ft, L .M in n e to n im ^ ttm fcx
)livi a ° ^ ^ > s T
Granite F s p r ^ ^ ^ j s t e w a r t

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J u l y , 1902.)

STOCKS

AND

BONDS.

33

S u b sc rib e r s w i l l c o n fe r a g r e a t fa v o r by g i v i n g I m m e d ia te n o tic e o f a n y e r r o r d is c o v e r e d in th e se T a b le s .
Bonds—P rinci­
INTEREST OF DIVID EN DS.
Miles Date Size, or
pal,^When Due.
A m ount
Par
of
R ate per When W here Payable, and by Stocks—Last
of
For explanation of colum n headings, &o., see notes
Road. Bonds Value. Outstanding
Cent.
Payable
Whom.
on first page of tables.
Dividend.
R A ILR O A D S.

Chicago B urlington < Quincy—( Concluded)—
£
B .& M o.RR. inN eb. J L’ d gr., s. f., dr. atlO O .N B >
Con.M $14000000 l E xem pt, n ot defei till 1908 s
Burl. & Mo. R R. inN eb., s.f. fo r A t.& N .R R .stk .N B
Hannibal & St. J o., consol. M , now 1st M ..F .C *
K.C.St.J.A Coun. B l.,con .M . (Nos. 1 to 5 0 0 p f.)c*
1st Ms. Nod.and Tark.Val.RRs. s.f.(dr.at 100). c*
Rep.Val., lstM .,gu.,(dr. at 100) s. f .,$ 1 4 ,0 0 0 y ’ly.c
Atch. &Neb., IstM ., At. to Lin., Neb., etc., guar.c*
2d mort. on Atch. & Neb. R R . (1st M. on bridge)
Linc’n A N .W .R R .lstM . guar., s .f.l p. o., n ot dr’n ..
Chic. & East. Illinois—Com. stk. ($15,000 p. m .) U p
Pf. st’k, $10,000,000,6 p.c.non-cum ($10,000 p.m.)
1st mort, (s. f. $20,000, no draw ings)............ C e .c A
Danville & Grape Creek R R .—1st M., assum ed., o*
E xtension, 1st m o r t g a g e ......................................c*
Consol, m ortgage (for $ 6,0 00 ,0 00 ),gold ........C e.c*
Collateral trust bonds, sinking fu n d ....................c*
Gen’l consol, and 1st m ort. $ 3 0 ,0 0 0 ,0 0 0 ..C e e&r
Chic.A Ind. Coal—IstM . $25,000 p.m .,ass’ d.OTp.c*
E vansv. T. H aute & Chic., incom e m ortgage.......
Indiana B lock Coal, 1st m ort., s. f., call at p a r...
Chicago & Erie—Stock (all held b y E rie)...................
IstM ., gold, int’st guar, t in principal is p d ..C e .c*
Incom e bonds fo r $10,000,000 5 p. c. non-cum .N
Terminal 1st m ortgage, gold......................................

585
« . ..
289
248
62
90
145
....
73
....
....
107j
7
15
127
....
380
174
49
....
249
249

6
J. A J. B oston, Bk. o f Com’rce.
$600&c. 2:8,535,000
600 &0.
5,000,000
6
J. & J.
do
do
1,000 113,347,000
4
J. & J.
do
do
8,000,000
M. & 8. N. Y ., Bk. o f No. America.
1,000
6
100 &0.
5,000,000
7
J. & J. B oston, 2d Nat’l Bank.
356,000
J. & D.
1,000
7
do
do
600 &c. 1*1,078,000
6
J. & J. B oston, Bk. o f Com’rce.
M. & S. B oston, Bk. o f Com’rce.
100 &o.
7
1,125,000
Boston.
See text.
6
J. & D.
600,000
1,000
7
J. & J. B oston, Co.’ s Office.
100
7,197,800 6 in 1902 J. & J. N .Y., H an over Nat. B ’k
6,830,700 6 in 1901 Q .- J .
do
do
100
100 Ac.
2,989,000
6
J. & D. N .Y ., 4th Nat. Bank.
97,000
M. & N. N. Y ., Central Trust Co.
1,000
6
1,000
91,000
6
J. A D. N. Y ., Fourth N at. Bank.
1,000
2,788,000
6 g. A. & 0 . N. Y ., Central Trust Co.
42,000
do
do
1,000
6 g. F. & A.
M. & N.
do
do
5
l,0 0 0 & c 12,986,000
J. & J. N. Y ., Met. Trust Co.
4,626,000
5
1,000
M. & N. N.Y., Farm . L. A T r. Co.
1,000
150,000
6
500 &c
143.000
J. & J.
do
do
7
100
100.000
1890
1,000
12,000,000
5 g. M. & N. N ew Y ork , E rie RR.
1890 l f000A c 10,000,000
M ostly ow ned b y Erie RR.
1888
300,000
5 g. J. & J, N ew Y ork , E rie R R .

51878
(1 8 7 8
1880
1881
1877
1880
1879
1878
1887
1880
....
....
1877
1880
1881
1884
1887
1887
1886
1881
1878

July 1, 1918
July 1, 1918
Jan. 1, 1910
Mch. 1, 1911
Jan. 1, 1907
June 1, 1920
Ju ly 1, 1919
Mch. 1, 1908
D ec. 1, 1927
Jan. 1, 1910
July 2 /0 2 , 3
Apr. 1,'02,11*
Dec. 1, 1907
M ay 1, 1920
D ec. 1, 1931
Oct. 1, 1934
Feb. 1, 1912
N ov. 1, 1937
Jan. 1, 1936
M ay 1, 1920
July 1, 1908
May 1, 1982
Oct. 1, 1982
July, 1918

The Chicago B urlin gton & Quincy sinking funds fo r the several loans resp ectively held alive June 3 0 ,1 9 0 2 , o f the bonds given a bove as
ou tstan d in g: Of g , $5,620,900 J u ly 1, 1902; h , June 3 0 ,1 9 0 1 , $1,931,000; k , $412.400 J u ly 1, 1901.
____________________________________
D enver Ext. bonds can be increased on ly fo r 2nd track at $10,000 p. m.
The collateral trust Nebraska extension bonds o f 1887 are issued at
$20,000 per m ile fo r single and $10,000 per m ile fo r second track on
not exceed in g 1,500 miles. A b s t r a c t o f deed Y . 45, p. 441.
B urlington 2 M issouri JIB. in Nebraska consol, m ortgage o f 1878 is for
$14,000,000, and is n ow a 1st M. or 1st collateral lien; all excep t the
$5,000,000 of exempt bonds are subject to call fo r the sinking fund at
par, $278,600 having been retired in 1900. The “ exem pt ” bonds may
be called after 1908.
The 5 p er cent debentures of 1890-92 are convertible $ fo r $ into stock
any time prior to Dec. 1 ,19 02 , excep t w hen books are closed. $15,614,800 had been thus converted up to June, 1902. Y. 67, p. 842. See
terms o f conversion on page 5 o f the Su pplem en t fo r Oct., 1896.
G e n era l F inances .—The Chicago B urlington & Quincy Railroad
has been one o f the m ost profitable in the country, as its numerous
branches tributary to the main line were built into ch oice agricultural
territory. Corn, how ever, being one of the principal articles carried
by it. its earnings vary greatly according to the size o f the crop.
In Mar.,1901, stockholders subscribed fo r $9,922,700 new stock at par.
L atest E a r n in g s .—From J u l y l to May 31 (11 months) earnings,
Including lines controlled, were :
11 months.
Cross.
Net.
Charges.
Balance.
1901-2..................... $49,318,501 $18,406,527 $8,800,000 $9,606,527
1900-1...................... 45,963,032 16,341,812
8,769,862
7,571,948
A nnual R e p o r t .—Fiscal year ends June 30. R eport fo r 1900-01 was
in the Ch r o n ic le , V. 73, p. 780, 787, (see also editorial, p. 759),
showing operations, including results o f the C. B. < N., etc.
fe
1900-01.
1899-00.
1898-99.
Miles operated June 3 0 ............
7,993
7,661
7,419
Freight............................................ $33,662,221 $32,557,999 $29,270,942
P a s s e n g e r .... ........................... 11,624,746
10,384,408
9,469,018
Mall and m iscellan eou s............
4,765,022
4,593,013
4,649,465
Gross earnings.............................$50,051,989 $47,535,420 $43,389,425
Expenses and ta x e s.................... 34,069,908
31,422,342 28,135,465
N e t ........................................$15,983 081 '$16,lT3707¥ $15,253,960
Prop, o f exp. to gross earnings
(68 07)
(66T 0)
(64*84)
Other in co m e ...............................
380,797
382,195
487,822
Total in com e.......................... $16,363,878 $16,495,273 $15,741,782
tnt.,rent, e t c ...............................
8,238,471
8,.s 66,512
9,013,482
B alance.................................... $8,125,407
$7,928,761 $6,728,300
D ividends................................... (6^ )6 ,65 2 ,55 7 (6)5,829,678 (6 )5 ,2 3 «.371
Surplus................................... $1,472,850
$2,099,083
$1,489,929
Pres’t, Geo. B. H arris.
D irectors.—Fra n cs W. Hunnewell
Boston; Charles K Perkins of Bur
r> K. B. Harriruan, JaC'b H SetaifT, George J. Gould, H. McK. Twombly
;
anrj Robert Raeozt of New York: James J. Hill and James N*Hill of St. Paul,
J- MaJcom Por be* of Boston find Norman B. T rd *,f Chicago.
t<
—'V. 73, p. 2M5, 294, 390, 494, 78<», 7 8 7 , 842. 899. 1010, 1061, 1111,
1207, 1312; V. 74, p. 41, 2 0 1 ,4 2 6 , 1088, 1307; V. 75, p. 28.)
C h ic a g o B u r l i n g t o n A: Q u i n c y R a i l w a y . - L e a s e s the Chic.
Burl. A Q. Railroad syptem for 999 years from O ctober, 1 9 0 1 , at 7
prr cent on its stock. In corp orated in Iow a on Oct. 16, 1901.—V. 73,
P- 842, J207. Hee C. B. & Q. Railroad above and Northern Securities
item, V. 73, p. 1357. 8 lock authorized, $100,000,000. o f which onehalf w as reported in June. 1902, to be in the Northern Pacific treas­
ury and one-half in the Great N o tth em treasury.
prcRirteni. George B. Harris; 1at Vice-President, Durian Miller;
Id v if:*:-F re-., Howard Ehbu.L; H and A h Tren«.. H. T . Jaivis, of Burllngoc.
st.
S
f . in.: Tre«s. unrl A y-.rNsrr. 'V. H Howland, <)f Chicago: A,u». Trow .A .
.
G .-hanwood, of Beaton: A • . Hoe., Gen run H. Karl, of
1
York
Dir**cp»r« George m. Harris, Churles E* Perkin#, .John 8. Kennedy, Jnmen J.
In 11, William l\ r,\ uuh. Beorg- W. Perking, E. H. liarrlniau. M. L. 8chirr,
v i bam H. Mc ItJtyre and Jamen Stillman.
v
ive (b mralttee. -Measrf. U. W. Perk Inn, Hill, Harriman, Clough* Bohl fT
anri HvtrGn.
- I V . 73. p. 842, 899, 1312.)
r i i l r u g o A B a n te r ii V llInolH It f t . —f Sec M ap.)—Operates road
(double track to Danvllle Jet., 106 rnllfis) from Chicago, fl!., to Terre
IIante, fnd,, and bituminous coal fields; also to Thebes and Joppa, III.
ovnifd in/ee.^
Mile*. Coal Bluff, fnd., to Casey, Ind. 7
Dolton to Danville, 1 1 1................107
Branches to Coal Mines............ 15
Danville, III., to Brazil, f n d .... 61 D ouble tra ck ................................. jg6
Mmnence Jr .,111 ,to Brazil,fnrl. 130 BJrle tracks...................................... . agt
Danville Jr.., OL, to Thebes, 111.277
Joppa Jet to Joppa, 111 ......... 1 6
Trackage, etc.
CDsna Jo. to Qfawria Park, 111. 1 1 (Ti Ica go to D o)ton, Ch.AW. \rid. 17
Roseville Jr. to Hidell .Jr., Ill
84 Otter Creek June, to Terre II
6
P* rcy Jr t. to La Grosse, In d .. 46
M11ford B ranch _________ _
\j
Total operated Dec., 1901. ,738
H isto ry , LBa se s , A c .- Reorganized under existing title In 1877.
In Not ., 1887, consolidated with two other c o ’s (V. 46, r> 185), and
.
on June 6, 1894, with Chicago A Indiana Coal KH.
V. 58. p. 987;
also Y. 48, p . 3 3 4 , Also owns $1,000,000 slock o f Chic. A Western
Indiana—having all the local traffic o f the latter road from Dolton
L?_ ° hie a go. In 1901 the traffic contract made In 1890 with the
Evansville Y Terre Haute for the Operation of a through line between
V^biruigo and Evansville was f till in force. (V. 55, p, 995.) In Mar.,'97,
iirir
Badncah A Memphis, 100 miles, was purchased. In Dec.,
i _ 99. merged the controlled companies, the E vansville Terre Haute a
Chicago and the Indiana Block ( on! RR, V. 71, r». 389 An ex tension
from Marlon, 111., to Thebes, 63 miles, connecting with the Ht Louis

Southwestern, was com pleted in Jan., 1900. Y. 68, p. 2 3 1 : Y. 68, p.
771 E xtension to Joppa, 111., 16 miles, com pleted D ec., 1 9 0 0 .—Y . 73,
p. 660.
In July, 1902, the Southern 111. & M issouri B ridge C > had let con ­
.
tracts in the interest o f the C. & E. IlJ. fo r a bridge across the
Mississippi R iver, at or near Thebes, at an estim ated cost, o f $1,500,000 or $2,000,000, con n ectin g w ith St. Louis Southw estern a direct
line to Texas points. V. 71, p. 1219; Y 74, p. 936.
As to rumors in 1902, see Y. 74, p. 1354; Y. 75, p. 28
Ca p it a l St o c k .—The com m on stock ($15,000,000 authorized) Is e n ­
titled to all surplus after 6 per cent on the preferred stock. In addition
to the amounts outstanding in the table, $4,847,000 com m on and
$865,900 preferred w ere held In the com pan y’s treasury in July, 1901.
D iv id e n d s — ) ’ 88. ’ 89. ’90. ’9 ;. ,9 2 -, 7. ’ 98. ’ 99. ’ OO.’Ol
1902.
6 6 stk. 4 ^ 6 yrly 6
6
6 6 In cl.JT y4^
On pref., p. c ___> 7 ^
Com m on, p. c .... ) 0
0 0
0 0
2^ 3^ 4^ 5^
6
D ividend on com m on in 1899, Jan , l 1 p. c.; July, 2; 1900, Jan ., 2;
^
July, 2 ^ ; 1901, Jan., 2** p. c., including ** extra; July, 3 p. c „ inclu d­
ing 1 extra; 1902, Jan., 3 p. c.; July, 3 p. c.
B onds .—Tne general consol, and 1st m ortgage o f 1887 (trustee, Cen­
tral Trust Co.) provides fo rth e retirem ent o f $6,042,000 prior bonds and
for issue o f bonds on new road at $18,000 per m ile for single track
also for bonds fo r equipm ent at $7,000 per m ile and fo r double track at
$8,000 per mile. In 1897 the total issue o f gen. consol, bonaa was
limited to $30,000,000 and bonds w ere reserved fo r Chicago &
Indiana Coal firsts. See V. 64, p. 1088.
The gen. consols are
a first m ortgage
on
380
miles
o f road,
including the
line from R ossville via
Sidell to Thebes,
e t c .; also
on
equipm ent valued at $2,657,000, and upon real estate in Chicago co st­
ing over $1,200,000. They also cov er 106 miles o f double track from
D anville to D olton , 111., and rest o f prop erty su bject to prior liens.
G e n e r a l F inances .—This com pany owns m ost ot the capital stock
o f the Brazil B lock Coal Co., and carries all its coal. It carries also
the coal o f the D anville, Clinton and W illiam son cou n ty fields. On
J u l y l , 1901, Chicago P. & M. car trust notes (including interest),
$155,548. In Jan., 1901, $1,000,000 each o f com m on and preferred
were issued fo r equipm ent, im provem ents, etc —V. 72, p. 86.
E a r n i n g s .— F or 1 1 m onths, Ju ly 1 to May 3 1 :
11 mos. Cross.
Net.
Other inc.
In t., &c.
B al. 9 rp .
su
1901 2 ..$ 5,7 42 ,9 64 $2,598,121
$188,228
$1,446,748 $1,339,601
1900-1.. 5,210,835 2,228,257
185,744
1,435,320
978,681
A nnual R e p o r t .—Fiscal year ends June 30. A nnual m eeting is held
in Chicago on the first W ednesday in June. The annual report fo r
1900-01 was in V. 73, p. 552, 660. The com pany receives low rates for
its freight, the rate per ton p er mile being 0 493 cts. in 1900-01.
Year end. J u n e 30.
1901.
1900.
1899.
1898
Miles operat. June 30
727
711
648
<
648
Gross earnings.......... $5,659,446 $5,148,897 $4,581,560 $4,221,438
2,712,920
2,619,632
'"
3 ,0 6 3 ,6 2 7
‘“
Oper. exp. A t a x e s ... 3,471,294
Net e a rn in g s ...........$2,188,152 $2,085,270 $1,868,640 $1,601,806
(62*05)
(59*22)
(59*50)
P. c. op. ex. to earns..
(61*34)
Net (incl.oth. incom e).$2,407,215 $2,300,159 $2,065,329 $1,768,092
1,083,052
1,126,139
1,066,399
Interest p a i d .............. 1,201,671
183,648
229,651
231,567
R e n ta ls........................
137,578
Div. op pref. stock . .(6)3 79 ,84 2 (6) 349,842 (6) 349,842 (6) 289,842
Div. on com . s to c k .. (5 V)370.'879 (4^)278,901 (3 ^ )2 1 6 ,9 2 3 (2 ^ )1 5 4 ,9 4 5
Tr’ n , deprec’ n, etc. 317,245
129.203
100,000
....
Balance........................
7 ... sr. $232,424 s r .$ l00,598 sr.$10,602
O ffic e r s .—Chairman, II. If. Porter, Chicago; President, M. J. Oarpen ter, Chicago; Vice-President, O. 8. L yford, Chicago; Treasurer, O.
W. Hillard, Chicago; Bee.; A. M. Smith, 355 Dearborn Street. Chicago.
Director**.—a . K. Flower It. M. Hoe, H. 8elberi.,(l. 8 Brewster. 2. S, Flower
New York: Q. 11, Ball, Boston: O. 8. Gy ford, 11. II. Porter, C. V . Hillard. M. J.
V
Carpenter, Chicago; J. O. English, Dimvllb*. ill.
(V. 74, p. 036, 1250, 1354; Y. 75, p. 28.)
C h i c a g o A: K r l e
(See Map Eric HR.)--O w n s from Marion, O.,
to Hammond, Ind.. 249 miles, and leases trackage over Chicago A
West. Indiana to Chicago, 20 miles. Practically merged In Erie. HR Co.
B o n d s . The first mortgage (trustees Central Trust Co. and Edward
Daniels) covers 240 miles o f road, the eon tract with the Chicago A
Western Indiana, $1,000,000 o f that com pany’ s stock and $240,000
stock o f Chicago B elt Ky. Bee abstracts V. 51, p, 91 l , V. 61, p. 750.
C h ic a g o A G ra n d T r u n k I t y .—
-See Grand Trunk W estern Ky.
( l i i m ^ c C r r n t W e s lo r ii I t y . (See M a p . ) Koa i>.-O perates the
Maple Leaf" route, radiat ing from Oelwetn, la., northerly to Bt. Paul,
easterly to Chicago and southerly to Kansas City,* c
.r and e m b r a c in g :
Trackage, etc.
Mile*.
lin e s Owned
Miles.
. . . . . 11
Bt. Paul to M inneapolis
Ohio. Ht, P. A K a n . City Kv.
442) 10
Chicago terminals (V.7 1
Chicago to Ht. Paul, Mlnn*,
....... 16
and Bt. Joseph, Mo .......... 600 Dubtm ue to A ikon ___
B r a n c h e s to f m y fle ld , e f e . . . . 1 3 1 Des M oines term in als
3
B ee Creek t o B e v e r ly (n o h d s.) 23 Leavenw orth to Kansas C ity.. 40
Opera led under agree me n I
If which *oo.
Mason Cit y »V Fort D o d g e
If 104
W isconsin Minn. A P a cific... 11246
Total operated,
—
930
As to new m ileage operated In 1901 rirnl In 1002, ivticl sale In 1002 of
t wo branches (91 mlh s) to the Mason Cily A Fort Dodge HR., see
finances below.

UtfVESTORS’

34

C H IC A G O
EASTERN

SUPPLEMENT.

[V

o l. L X X V .

S
l
DOLTON

IL L IN O IS

Shabbona
DO LT/

MOMENCE

A u rora

R ailroad / C onnections . _

Reduced Scale.

Thprtl

'WATS ECA

~
Pe°

rNAPARK c *
RO^SVILLE

Yk 'c o iR S B U R G

SIDELL
Springfield -—
tuscola^

Sheridan
Jc.

\

<

DA N V T tt

IndianapcIu ;

/

Co lu m bu s

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J
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1
C. R.

Thoinafi

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C /V
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Ctv tAp S.
Je
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Char lesto n

<A (
>
^ S mt.vernc
•
1< "*
/* •
m^ 'Sit. /

ST. ANNE
Pajiineau

y^AW
SVlLLE
Pontiac

enderson /

PeKAm

f Julian
Toresman

3laJtinton
U/ /^t'vood

PERCY JC

* GRAYS

/
^ / jYe
ah ^ X cu th rip__ ^
M a ld e n X j$ ay lidfl^ , i 1 t f n n S ^ ~ V / A ? /
"
^ ' A iv —
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cyY,, p J —v*.----V ^
ASHV1 l\
Quld/^LHorlners-Yi le ^

Jumbi:

Jacklson

L

it t l e

R ock

Pine "Bluffy

Wadena
Loch iel

xn-ton \. _>"/
/
Is S Nfl/PA R
Gibson City!/
\/ fi
a
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IAt t XnOOGA /

S W A N IN G l O N

OXFORD
Pine^TTlagi^5
IV in tW Q g ^

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CUthei/Tn/er

ATTICA

Clinton

BIRMINGHAM

r/enadaj

»•

Rbb^Roy
L -'
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Champaign'

/L e i an c

3Tacon
M

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Columbusf^w

o
Kingniam

(n^ghrevepori
runswr

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V aton

Tangier^
hVestPiiic
v

D ecaii

Glim ax

.PENSACOLA

iA N R ouge
TO

OSEDAL

IG &.E
K / S-TON;
< yi\ L em a
b

L o u is ia n a ,

lolumbiana
L it c h f ie ld

LIVAN
P ill b

Iffingham
orento

.\\sville

INewton

Vandalia

Oaktl

n roe
Sinithbqro

H

fve Cceur

Olney
|s a l e M

PAC.

VINCENNES!

Cart ter
LKell

Centralia

U nion1

Pacific
IN a s h v ille

Ltiverside
Silica r

y t J BRANCH
£A

•ultersville'

Tamarda,

t \

TRENTON

Lai Point

1
V 4
Jackson

R A IL R O A D ^

>
A

\
Union
\ T. V'

Grand Towe:

C H IC A G O &

^KBuckskins

,

POS-EYV(| LI

Car bond all<

Salem

Shawnee

ud g e n s /0 •
fiG o r e v ille

iHeneterbon'

Owensbor<

31 organ fieId:

^ vaxiison

Providence

x
^

Zalina

IL L IN O IS

>t>oivvi! eU

dro°bly“

K /S i^ I R O

inceton*

^ - , V
.
PADUCA^/V

Shaded Portion Shows Coal Territory,

L G race.

S-Columbus

P o p la r
Blufi’\

Bernie

^utihrie

3turray
Clarksvii]e
F u lton

Campbell

Springfield

Union City

Piggott^

Pocahontas

V
^ o p ^ in0^ i e

Bloomfield < Q.
S>

C O N N E C T IO N S

H ives .

Martin

Edgefield
*^\ Jc.

Danville
Paris

'Car u the:

P on d

McKenzie

PARAGOULD

Hoxie

^ v jL i:

DeKoven-

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A

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Hardy

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!hester\$

Bismarck

EASTERN

/

Owens

W hittington

E v S n ^ yille

Steelville

Grayville

ansboro

Sparta
Cuba

vW
ORTHINGTOI

N A S H VI
Dixon

^ B ro ck la n d /

Cushman

H u m b o ld t

Lilian

Nettleton
W iener

Columbia

Bells
Allens Or.

Mason
Searcy

Hapier

S o m e r v ille .

Martin
Bemis

Moscow

[Pulaski

d^ieton k)
Coiinth

BRINKLEY
Tunica
Tuseumbia
Stuttgart v?©

H

LU LA
Coahoma

New Albany

/Sum uu

RAILROAD STOCKS AN D

>UtYv 1902 J

BONDS.

39

CHICAGO GREAT WESTERN
lalumet;

D luh
u t

I)e tro it Of-

iayfield

N. P.'Junc

Marquei
Ashland June.
Middle ^
/
R iver
]

Imberly

“Wadena Jc,

b Gordon

/

Stambaugh

Butternut

Minckley
loyalton

Superior J<
Chicago

Grant stmrg

Rhinblander

Philips

Monico
St. Cloud
W estboro
Monticello
Litchfield
Montevideo

Ifin n e to rik a L.

Ss

MeiTill

‘edford

H u d son

Wausai

A bottsford

chi

Chippewa Falls,

"Bird IsL’d

Ocan:

Eland

iaire
w ood Fal

Merrillon.

.Stanton ^

:edwoodj<

i/y

45^ \N ew ^ondo:
Grand R ap id s'^ ^ .

abashawi

IXerstrand^
ZUM BROTA

Crysta!
h m ah J
^Cam V) D ou gla i

Sparta
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\ ■VVinne'bago C y
"Wei 1 \
s

r
orthingfcnT

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Winona Jt
La Crosse

Wal£h;
\

La Crescent 1Mu

A lb e r t Lea!
BarahocTS.

Istlretyj;

'ZRicbland Cen,

yfisconsin
V A E L M O N D

^nvWmore ^
Lancaster

i t n-iaiv

.Fonda £A'PL
I

CITY

Beloit!
F T .o o p a t i

Ar E R LTO ^i
G

w. El dor a

SONSVX

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M FfSH L
A
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Toledo

MELBOURN

v . 1CJ£c
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Baxter

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—

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Clinton 7/ftEulton
T ipton
javenport,

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Keith sb

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priw/outh

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arm dale:
Cantli up: r

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i

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•of Com 1

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JOSEPH
M-tnflton

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l/VfO-i CUy \
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A N 8 A S C IT Y
Ottawa

V'l.iidalln

Boom-} }fc
HffJfiih

rrlaonylJlc

<1 Union

36

INVESTORS’

SUPPLEMENT

[V o l . L X X V .

Botuls—PrinoiINTEREST OR DIVIDENDS.
Miles Date Size, or
pal,When Due.
Am ount
of
of
Par
F or explanation o f colum n headings, A c., see notes
Rate per When Where Payable, and by Stocks—Last
Road. Bonds Value. Outstanding
Whom.
on first page o f tables.
Cent. Payable
Dividend.
R AILRO AD S.

Chicago A Gr. Trunk—See G r . T r u n k W est . Ry.
C h icago O rea t W e ste rn —
....
$100 $24,327,000
....
Deb. stock, cum., g., $30,000,000, div. in cash, g.
4 g.
Debenture scrip (not. interest-bearing)...................
4,489 No inf, st
____
100
....
11,372,400 5 in 1902
Preferred stock A , $15,000,000, 5 per cent, gold.
100
9,468,000 5 None )
Pref. stock B, 4 per cent $10,000,000.....................
100
Common stock, $30,000,000 ...................................
23,383^395 ( paid. \
____
1897 £ 1 0 0 Ac
179,393
Sterling 5-year notes 6s (no m ortgage) g o ld ........
6 g.
. . . . 1898 Various
1,124,242
Sterling 5-year notes 5s o f 1898 (no m ortga ge)..
5 g.
....
1899 V arious
Sterling 5-year notes 5s o f 1899 (no m ortga ge)..
808,333
5 g.
Chic. H am m ond < West9 —See C h ic . J unction R y ,
&
n
Chicago dt In d ian a Coal—See Ch ic . & E astern I I LINOIS .
1,000
43 1902
Chic. In d . < East.—1st M., g . red. 115 (te x t).N .c*
&
500,000
5 g.
C h ica g o I n d i a n a p # & L o u is v ille —Com. sto ck ...
100
....
....
10,500,000
100
Preferred, 4 per cent, non-cum ., $5,000,000.........
....
....
5,000,000 4 in 19 01
1,000
L.N.A.AC., 1st Main Line.—N. A. to Mich. City.-C* 289 1880
3,000,000
6
1,000
162 1881
1st M., Chic. & Ind. D iv., Chic, to Ind., g o ld ..c*
2,300,000
6 g.
1,000
3,842,000
C. I. & L. refunding m ort., $10,300,000, g o ld ..C e 509 1897
5 g.
509 1897
1,000
Do
gold 6s, issued for old con sols................
4,700,000
6 g.
1,000
P erry Mathews Buskirk Stone Co., 1st M., guar..
. •»• 1898
50,000
6 g1#000
Con.StoneCo. 1st M.,$250,COO,g.,gu.,p.Ai.red. text
. . . . 1900
168,000
6 g1,000 In treasury.
Indiana Stone R R . 1st M., guar................................
0 * ....
09
5 g.
100
Chicago Junction—Common stock ....... .....................
... - ....
2,200,000 A ll owne
Chic. Ham. A West., 1st M., $2,500,000, g...c**fcr 24*43 1897 500 A c.
2,090,000
6 g

C h ic a g o G re a t W e s t e r n - (C o n c l u d e d .)
H i s t o r y .—The Chicago St. Paul & Kansas C ity was organized in
M ay, 1886, and in D ecem ber, 1887, m erged w ith M innesota A N orth­
western. In August, 1892, reorganized per plan, V ol. 55, p. 856. Each
$1,000 o f Minn. A N. W. and Chi. St. P. & K. C. first m ort. bonds was
given $500 debenture stock and $600 pref. “ A ” stock.
On Sept. 7 ,1 8 9 3 , the Great W estern acquired by deed the title o f the
Chicago St. Paul & Kansas Citv R y. (815*67 miles). In June, 1902,
the old m ortgages were satisfied o f record. V. 74, p. 726.
S e c u r it ie s .— The holders o f debenture and p re fe rre d A stock ap­
p oin t the finance com m ittee, which exercises general supervision ol
finances. A dditional securities o f said issues can be p u t out, but only
with consent o f a m ajority o f both said classes o f stock present at a m eet­
ing. Securities o f other issues having a lien prior to preferred A can be
created, but on ly w ith consent o f two-thirds of both classes. The sev­
eral classes in case o f liquidation w ill have principal paid in gold, ac­
cordin g to their p riority righ t to dividends. A t extraordin ary general
m eetings o f holders o f debenture stock and p referred A stock collectiv ely , holders o f one-tenth o f said stocks outstanding, present o r rep ­
resented, constitute a quorum and b y a m ajority v o te have p ow er to
san ction any m odification o f the rights o f said stocks. The provisions
o i the several classes o f stock were fully set forth in the editorial
article o f the S u p p l e m e n t fo r O ctober, 1897; see also V. 71, p. 441.
In 1898 the authorized issue o f 4 p. c. debenture stock was in ­
creased from $15,000,000 to $30,000,000 for future refunding and im ­
provem ents. See General Finances below .—V. 66, p. 133, 6 6 3 ,1 0 8 8 .
D iv id e n d s .— On pref. “ A” paid J an .,1899, 2 p .c .; in July, 1899 2 p. c.;
ia 1900, 5 p. c.; in 1901, 5 p. c ; 1902, 5 p. c.
F in a n c e s .—On M arch 17, 1902, $3,437,000 additional debenture
stock was authorized to be issued, o f w hich $3,073,000 for capital ex­
penditures in 1902; also the sale o f tw o branches from H ayfield, Minn,,
to Manly Jet., Ia., 49 miles, and from w averly, la ., to H am pton, 42
miles, to the Mason City & F ort D odge RR. fo r $1,386,000 of the first
m ortgage 4 per cent gold bonds o f the latter. These bonds w ill then be
sold and the proceeds used to construct 40 miles o f second track be­
tw een Oelwein and Chicago, to be com pleted in 1903.—V. 74, p. 726.
B y im provem ents of the perm anent w ay, etc., operating expenses
w ere reduced in 1900-1901 to 68*88 per cen t o f earnings, against
66*81 per cen t in 1899-0; 70*13 in 1897-8 and 77*47 in 1894-5.—V. 71,
p. 441.
E arly in 1901 V erm ilye A Co. becam e the fiscal agents o f the co m ­
pany, their Mr. Read entering the directory. See V. 72, p. 580.
In Apr., 1901, a syndicate acquiring all the stock and bonds o f the
Mason City & Fort b o d g e R R ., Mason City to Fort Dodge, Ia., 92 miles,
the purchase including coal fields near Ft.Dodtre, arranged to extend
the road in 1901 from Manly Junction to M ason City, 12 miles,
and?H am pton to Clarion, 30 m. (both com pleted), to connect with
the C. Gt. W , and also in 1902 to build southw esterly to Omaha, and
w esterly to Sioux City, a total o f about 250 miles. In March, 1902,
it was arranged to transfer to the Mason City and F ort D odge tw o
branches, aggregating 91 miles (see above), w hich w ill extend the lines
o f the Mason City & Ft. D. easterly to the t'. G. W. main line.
W isconsin Minnesota & Pacific RR., R ed W ing, Minn., to Mankato,
94 miles, also purchased Duluth Red W ing A So. and the W inona &
W estern, m aking 246 miles then owned, and arranged to build a 27m ile con n ectin g link. B oth of the roads are operated for 100 years
under agreem ents dated Apr. 1 ,1 9 0 1 . the Chic. Gt. West, to receive
their entire net earnings above interest on bonds and ow n their entire
stocks—V. 73, p. 566, 722. The c om pany in 1902 issued $2,060,095
com m on stock on accou n t o f acquis tions nam ed above. V, 74, p. 93.
E a r n i n g s . -S ta tem en t for 6 mos. ending Dec. 3 1 ,1 9 0 1 :
6m o*.
Gross.
Net.
Charges. Div. on Pr*f. A. B a l.,su r.
1 9 0 1 .... $4,046,655 $1,230,980 $827,470 (2^ ) $284,310 $119,200
1900....... 3,604,537 1,169,381
801,426 (2 ^ ) 284,310
83,645
F or 11 mos. ending May 31, 1902. gross, $6,962,344, against $ 6 ,4 0 6 /
739 in 1900-1; net, $1,991,091, against $1,990,982.
A n n u a l R e p o r t .—R eport fo r 1900-01 in V. 73, p. 551, 565.
1901.
1900.
1899.
1898.
Fear ending June 30.
$
$
*
$
Gross earnings,................. 7.013.861
6.721,037 5,867.739 5,386,044
Net in com e..................
1,978.346 2,026,814 1,720,224 1,435,671
Rentals (incl. equipm ent). 440,604
463,930
450,177
448,613
Interest paid............ ......... 188,973
272,255
299,120
252,219
Int.in cash on 4% deb. stk. 780.610
568,650
498,002
396,524
Div. on pref.stock “ A ” (5% )568,620 (5)568,620 (4)454,896
............
M iscellaneous.......................
8,645
9,574
8,873
............
B alance..........................def. 9,106
143,785
9,156
338,315
O f f ic e r s .— A. B. Stickney, President, St. Paul, Minn.; Treasurer,
C. O. Kalman, St. Paul; Auditor, W. B. Bend, St. Paul; Secretary, R.
C. W ight, St. Paul, Minn.
D irectors—A . H. Stlcknev, A . Oppenheim , S. C. Sticktiey, F. W oyhauser. J.
W . Lusi<, H . E. Fletcher, T, II. W heeler, W illiam A. R ead, R. C. W igh t. New
Y o ik office, 31 Nassau S t —(V . 74. p. 1>3, 7*6, W 1037 )
30,

C liie a jg o H a m m o n d & W . 1 1 R .—See C h ic a g o J unction R y .
C h i c a g o I n d i a n a <fc E a s t e r n R y . —Owns Converse, Ind., to
Muncie, 43 miles, o f which Matthews to Muncie, 15 miles, com pleted
in D ec., 1900. In Oct., 1901, exten sion under con struction from
Munoie to Richm ond, 36 miles. Projected from Chioago, 111., to CoIambus, O., and from R ichm ond, Ind., to Cincinnati, O.

J. A J. London,R .B enson A Co. July 15,’02,2%
J. & J. London, R.B enson A Co. July 31,*02,2**
Semi-an London,R .B enson A Co. JTy-Oct., 1902
Semi-an
London.
1903
Semi-an L ondon or N ew Y ork.
1904
M. A N. N. Y ., N. Y. Sec. A Tr.
N. Y ., J.JP. M organ A Co.
do
do
A . A O.
do
do
J. A J.
F. A A.
do
do
do
do
J. A J.
J. A J.
do
do
F. A A. Am. Tr. A Sav.Bk.,Chic
M. A N.
do
do
New Y ork.
M. A 8.
d by Ch. J. Ry. A Un. Stk. Yds.
J. A J. N. Y ., Cent’l Trust Co.

May 1, 1942
May 2 9 /0 2 ,1 %
Apr. 29,’02,2%
July 1, 1910
Aug. 1, 1911
July 1, 1947
July 1, 1947
Feb. 1, 1908
May 1, 1920
Sept. 1, 1948
V. 68, p. 326.
Jan. 1, 1927

Stock authorized, $15,000 p. m.; issued Mar., 1901, $645,000. Of
the bonds ($1,000,000 authorized) $500,000 are reserved for future
requirem ents. A sinking fund, beginning 1907, w ill retire bonds
yeaarly. In year ending Mar 31. 1 90*, gross earnings, $98,238 ; net
ov e r taxes, $36,752 Pres., Paul Brow n, 100 W ashington St., Chioago,
111.; Sec., J. H. Miller; Gen. Mgr.» H. E. Drew. Office, Matthews, Ind.—
(V. 74, p. 986).
C h ic a g o I n d ia n a p o li s
L o u i s v i l l e R y . —(Nee M ap.)—u p d ­
ates the ‘‘ M onon R ou te” from Chicago, 111., viaM on on , Ind., to In d ia n ­
apolis, Ind., and L ouisville, K y., w ith branches.
The system Includes:
Oper. un d er contract—
M ila .
Lines owned—
Miles.
Indiana State Line to Indianap .162 Chicago to Ind. State L in e....... 20
5
New A lban y to M ichigan City .289 New A lban y to L ou isville— ..
2
Bedford to Switz C ity................ 40 C onnection in Indianapolis—
Orleans to Fr. Lick Springs___ 18 C learC reektoH arrodsh’ g jIn d . 10
Total o f a ll.........................................................................................................546
A lease for 999 years with Chioago & W estern Indiana (of whose stock
ihis co. ow ns $1,000,000) gives entrance to Chioago on a m ileage basis.
Owns one-third interest in Kentucky A Indiana Bridge, having bridge
at Louisville, K y. V. 71. p. 599.
H ist o r y .—Successor July 1 ,1 8 9 7 , o f the L ouisville N ew A lban y A
Chioago R y., foreclosed p er p l a u in V. 63, p. 922.
In July, 1900, the legality o f the foreclosu re was sustained; appeal
taken to U. S. Circuit Court o f A ppeals.—V. 70, p. 686; V. 71, p. 83,
599, 1119; V 73, p. 611. In June, 1902, com prom ise o f suits was ex
pected shortly. V. 74, p. 1250.
D iv id e n d s .—On p ref.. Mar. 3 0,1 89 9 , 1 p o.; in 1900, Oct. 15. 2 p. o.:
in 1901, A pr., 2 p. e.; Oct.. 2 p. o.; in 1902, Apr., 2 p. c. First dividend
on com m on, 1 p. c., payable M ay 29, 1902. V. 74, p, 775.
B onds .—R efu n d in g mortgage covers road, equipm ent, etc. (including
$1,000,000 stock o f Ch. A W. Ind and $240,000 stock o f the B ell
Ry. o f Chicago) ; total authorized issue is $15,000,000, o f which
reserved to take up existing divisional bonds at m aturity, $5,300,000;
to be issued only fo r betterments and equipm ent, n ot to exceed $300,000 in any one year, $2,091,000, of the latter o f w hich $933,000 had
been issued to Sept. 30, 1901. Of the C onsolidated Stone bonds
($250,000 authorized issue) $25,000 are su bject to call yearly, Jan.,
1903 to 1906, inclusive, and the balance Jan. 1, 1907.— V. 73, p. 41.
Car trust notes, $124,931, paid off since June 30, 1901,
F inances .—See statem ent to N. Y . Stock E xchan ge in Ju ly, 1897.—
V. 65, p. 194.
In July, 1902, the L ouisville & N ashville and the Southern By. had
acquired a m ajority o f the $1.0,500,000 com m on and $5,000,000 p re­
ferred stock, on the basis o f $78 and $90 per $100 share, respectively,
in their jo iu t 50-year 4 per cen t collateral trust gold bonds at par, se­
cured b y the stock acquired, six-tenths o f the purchase price being
payable optionally in cash. See description of bonds under L ouisville
< Nashville. V. 74, p. 1088, 1138; V. 75, p. 28.
fc
E arnings .—11 mos.,
/ 1901-2..G ross, $4,190,006; net, $1,595,018
July 1 to May 31.
51 9 0 0 -1 ..Gross, 3,783,778; net, l,3 6 5 ,lc 3
A nnual R e p o r t .—I n V. 73, p. 611, show ed:
Tear end. June 30— 1900-0L.
1899-00.
1898-99.
1897-98.
Gross earnings............. $4,150,470 $4,177,888 $3,501,120 $3,323,671
Net earnings................ 1,496,923
1,549,683
1,146,170
967,663
Dividends re c e iv e d ...
135,776
109,787
86,687
75,038
Total net incom e. $1,632,704 $1,659,470 $1,232,857 $1,042,701
Interest on bonds....... $771,294
$761,950
$752,700
$745,450
Rentals, e tc.................
208,636
210,839
205,409
208,122
T otal....................... $979,930
$972,789
$958,109
$953 572
Surplus........................
$652,774 $686,681
$274,748
$89,129
D iv. o f 1 p. o. ($50,000) on pref. was paid Mar. 30, 1899, and sem i­
annual div. o f 2 p. o. ($100,000) in Oct., 1900; 2 p. o. ($100,000) Apr.,
1901, and 2 p. c. ($100,000) Oct., 1901.
O f f ic e r s .— President and General M anager, W. H. M cDoel, Chicago;
Treasurer, W. H. Lew is, 19s Custom H ouse Place, Chicago; Secretary
J. A. H ilton, 80 Broadw ay, New York.
D iie c t o r s —Samuel Thom as, A. J. Thom as, E. R. Thom as, Am os T. French

Charles Steele, R. M. GaHawav, H . M. W ork New York; W . H. M cD oel, G B
Sha-v, Chicago; J. M urdock. L a ^ y e tt e , Ind.; V olney T. M allott, Indianapolis
—(V . 74, p. 1VS7, 10-8, 1138, 1250; V . 76, p. 5t8.)

C U fo a ;ro J u n c t i o n R » 11 w a y , —Owns and operates a belt line
around Chioago from W hiting, Ind., to Franklin Park. 111., from Chap­
pell,111., to U S. Yards, and in the Union Stock Yards district connects
with industries and all diverging roads. Total mileage operated, 87*60
m., or which Chic. June R y. owns 26*98, the balance being operated
under lease, trackage rights and other agreements.
O r g a n iz a t io n .— Form ed in M arch, 1898, as a consolidation of the
Chicago H am m ond & W estern and C hicago & Indiana State Line in
the interest o f the Chicago Jun ction Rys. A Union Stocks Yards Co.
B o n d s .— First m ortgage o f C. H . & W. is fo r $2,500,000 (trustee, E.
Francis H yde, N. Y .)—V. 64, p. 287.
E a r n in g s .— For year ending June 3 0 ,1 9 0 1 , gross. $1,880,956 ; net,
$ 7 8 0 ,3 8 2 ; taxes, $ 18 ,28 5 ; charges, $ 5 5 1 ,8 8 7 ; dividends (6 p. o.),
$132,000; surplus, $ 7 8 ,2 1 0 .-(V . 67, p. 1262; V .6 S ,p . 3 2 6 ).

R A IL R O A D

J u l y , 1902.]

STOCKS

AND

37

BONDS.

Monroe

Adrian *

Fayett0

Napoleon

BALT.
M ilford
Wanatahi
S sprosse

‘lymouth.
Fostoru
Claypool

Dupont

Latty

Findlay
Carey

•elphos
Pmono^
oocU*^ ^EYNOLD^
\ Chalmers J
.IBrookstonJ
31 A s h G r.j
Battle!

Ama

Bluffton

Kenton
Wapakoneta
’'Portland

A YET t EJ

Bellefonta:
Sidney

A lv in r

Tipton1

W. Lej

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l in d e n

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Piqua

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1

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pringfield

New Castlj

Ladoga'

roacX d a l e

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.rpenters VCambridge!

Danville s

DAYT

Clayton /\\\

Paris »

3Iart:

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'ranklmc<(

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'Marsh

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Cdlumbu:

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Batavia

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Sardinia

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sbu rgh

Marysville

pvn°
Vanceburg

Mt. Olivet

Johnson Jc.

While

Jynthtana
Jasper

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Hillsboro

ffersdnvillb

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Paris
Shelbyvilh?
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Versailles

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C ecilia

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Danville Jc.

Millwood

Jackson

Lancaster
IchmondUc,
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Livingston

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INDIANAPOLIS

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JoUUjo

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J u ly , 1902.1

STOCKS

R A IL R O A D

AND

BONDS,

£*i>

Su bscribers w i l l c o n fe r a g rea t fa v o r by g iv in g Im m e d ia te n o tice o f any e rro r d isc o v e re d in tb ese T a b le s .
Bond*—Princi­
INTEREST OR DIVIDENDS.
RAILROADS.
Miles Date Size, or
pal,When Due,
Amount
When Where Payable and by Stocks—Last
of
of
Par
Rate
F or explanation of column headings, &o., see notes
Outstanding
Per cent. Payable
Whom.
Road. Bonds. Value.
on first page of tables.
Dividend.
C hicago M ilw a u k ee & St. P a u l—Common stock.
Preferred stock7 per cent yearly, not cum ulative. ....
Milwaukee & St. Paul loans—
Hastings & Dakota 1st M., conv. into pref. st’k ...
83
Chic. & Mil. 1st more. (oonv. into pref. stock)..e*
Chicago Milwaukee & 8t. Paul loans—
Prior lien consols, convertible into p r e f .......... 1,435
Consol, mort., conv. into pref. stock..........F .c* L,435
I. & D. Ext. 1st M., convert, into pref___ F .c* 335
B. W. Div. 1st mortgage Western Union RR .c* 212
Bo. Minnesota Div. 1st m ortgage................ F .e*
419
133
Mineral Point Division 1st m ortgage....... F c*
H ast.& D ak.D iv.,ext.,lst M. ($990,000 5 s).F .c’ 395
Lacrosse & Dav. Div. 1st m ortgage............F o*
185
Wise. Val.RR.Co. IstM ,, Tomah to Merrill, Wis.o 107
161
Wis. Val. Div. 1st M. s. f., not dr’n .......N B .c*
351
Dub. Div. 1st M., s. f., not dr’n ............... N B .c*
Chic. < Pao. Div. 1st M. (Ch. to K ittredgel.F c* 120
fe
do West’n Div. 1st mort., (see text) gold.F.c* 1,117
Chic. & Lake Superior Div. 1st mort., g o ld .F .c’
68
Wis. & Minn. Div. 1st mortgage, g o ld .F ............ 230
119
Fargo & Southern 1st m ort.,gold, assumed..........
...
Ch. MIL & 8t. P. Terminal mortgage, g o ld .. .F .e *
Dakota & Great Southern 1st mortgage, gold F
159
Chic & Missouri River Div. 1st m ortgage... F .e '
77
Gen. . M(for $150,000,000), gold Ser. A ..U s.e*4r 5,722
do
do
“ B” S ^ s ........................... .o* 5,722
Milw. & North’ n 1st mort., Schwarz.to Gr. Bay..c* 126
Consolidated m ortgage...................................... o* 362
a Including July, 1901, $3,570,000 in treasury and n
1 Coupon interest J&J; registered Q-J.
1

....

$100 $58,183,900
100 46,682,400
19.000
352,000

7
7

1874
56,000
1,000
2,606.000
1,000
1875
1,226,000
1,000
1878
1879
1,000
4,000,000
7,432,000
1880
1,000
2,840,000
1880
1,000
1880
1,000
6,670,000
1,000
2,500,000
1879
1,106,500
1879
500
1880
1,000
2,179,000
1880
1,000
6,0<>7,000
1880
1,000
3,000,000
1,000 25,340,000
1881
1,000
1881
1,360,000
1881
1,000
4,755,000
1,000
1,250,000
1883
1884
1,000
4,748,000
1,000
1886
2,856,000
1886
1,000
3,083.000
1,000 24,000,000
1889
1,000 a 10070.000
1889
1,000
1880
2,155,000
1884
1,000
5,092.000
>t listed, see text.

7
7
7
6
6
5
5 &
5
7
6
6
6
5
5
5
6
5
5
5
4
3^
6
6

1872
1873

i,6 o o

t i i lc a g o K a la m a z o o & S a g in a w B r .- O w n s 45 miles. Kala
mazoo to W oodbury, in operation.
In January, 1900, $450,000
stock w as outstanding. The first m ortgage is for $225,000 to Union
Trust Co. of Detroit, as tru stee; bonds all in treasu ry; bills payable
Jan. 1, 1900, $531,425. In 1899, gross, $72,567; net, $19,904. Oper­
ated by Kalamazoo & Hastings Construction Co. President, E. W ood­
bury; Treas. and Secy. H. C. Potter, Kalamazoo. Mich.—(V. 61, p. 1063.)
C h i c a g o L a k e S h o r e < E a s t e r n R y . —Embraces 159-04 miles
fc
o f track, connecting the various -works o f the Illinois Steel Company at
Chicago, Joliet and Milwaukee with diverging trunk lines, and also
with steamship lines, stone quarries, industrial establishments, etc.;
also b y trackage rights over 149-54 miles of roads reaches the coal
fields of Illinois and Indiana and Joliet, HI., handling betw -en South
Chicago and these points a large traffic for the Illinois Steel Co. The
stock, $600,000, and the bonded debt ($3,230,000 are owned by the
Federal Steel Co., and thus controlled by United States Steel Corp.
Equipment, Dec. 31,1 89 9 : Locom otives, 54 ; freight cars, 3,077;
cabooses, 11; steam wrecker, 1.—(V. 64, p. 422; V. 67, p. 428, 483).
C h ica g o M ilw a u k e e 6c St. P a u l R y .—(See Map.)—Operates
from Chicago westerly to St. Paul, Minneapolis and Lake Superior,
Omaha, Neb., and Kansas, City, Mo., with lines, traversing Illinois,
Iowa. Missouri, Michigan, Wisconsin, Minnesota and the Dakotas, viz.:
Road.
Miles.
Road.
Miles.
Lines owned (of which 26
2nd & 3rd tracks.................... 280
miles owned join tly ).......... 6,597 Trackage (includ. 2d track).,. 169
H istory , &c.—The Milwaukee & 8t. Paul RR. Co. was organized M ay
5 ,1 8 6 3 , and on Feb. 11,1874, took its present name. The system has
since been greatly extended by the construction and acquisition of
other lines. The sale of the Milwaukee & Northern to the St. P a u l was
ratified in Septembe , 1893. In Mar., 1901, the entire stock of the
Davenport Rock Island & Northwestern Ry.. Moline, 111., to Clinton,
Iow a, 40 miles, was acquired jointly with the Chic. Burl. & Quincy RR ,
and the road will be used as part of a cut off to be built in 1901 from
D avenport to Ottumwa, 119 miles, between Chicago & K a n sa s City.
V. 72, p. 437, 532, 675; V. 73, p. 562.
C a p i t a l S t o c k .—T h e p r e fe r r e d s t o c k h a s a p r io r r ig h t o v e r the
e o m m o n s t o c k to a d iv id e n d o f n o t o v e r 7 p e r c e n t fr o m n e t ea rn in g s in
e a ch y ea r, b u t i f n o t ea rn ed it h a s n o c u m u la tiv e rig h t. A ft e r p a y m e n t
o f 7 p e r c e n t on p r e fe r r e d a n d 7 on c o m m o n , b oth c la s se s sh a re p r o ra ta .
C om m on s t o c k ra ised to $58,183,900, b y s t o c k h o ld e r s s u b s c r ib in g a t
p a r to 10 p e r c e n t in c r e a s e '$ 8,673,200) in A p r il, 1901, an d $2,3> 2.100 a d d itio n a l s o ld In J a n ., 1902. See G e n e r a l F inances b e lo w .
V.
72, p. 437. P r e fe rr e d s to ck on D e c. 31, 1873, w as $12,274,483; It
h as been in cr e a s e d to p r e s e n t fig u res a lm o s t e n tir e ly b y e x c h a n g e
o f c o n v e r t ib le b o n d s fo r s t o c k , o n ly a b o u t *9,000,000 h a v in g been
Issued fo r o th e r p u r p o s e s (im p r o v e m e n ts , e tc.) In J u ly , 1 9 0 1 , $ 6 ,494.000 p r io r lien b o n d s w e r e e x c h a n g e a b le .
Drvs. sin c e ’ 89. i ’ 90. ’ 91. '92, ’ 93. ’ 94. ’ 95. ’ 96. ’ 97 to 1900. 1901 1902.
On c o m m o n . > 0 0 2 4 4 2 4
5 y e a r ly
6 A p l.,3
On p referred . >
7 7 7 7 7 7 7 7
y e a r ly
7 A p l .,3*2
B o n u s .—A b s tr a c ts o f so m e o f the o ld e r m o r tg a g e s w e re p u b ­
lished in the C h r o n ic le , V . 45, pp. 8 5 , 114, 1 4 4 ,2 1 2 , and V. 48, p. 830.
T h e fo llo w in g b o n d s a re c o n v e r tib le in to p r e f e r r e d glock a t a n y t im e
w ithin ten d a y s a fte r a d iv id e n d sh all h a v e b een d e c la r e d a n d b e c o m e
p a y a b le on th e p r e fe r r e d ; Io w a & D a k o ta E x te n s io n 7s, C h ica g o
A M ilw a u k ee 7 « or 1 9 0 3 , H a s tin g < D a k o ta 7 b o f
fe
9 0 3 a n d C h ic a g o
M ilw a u k ee A 8 t, P au l co n e o le o f 1 8 7 5 . T h e c o n s o le o f 1 8 7 4 also
are c o n v e r t ib le Into p r e fe rr e d w ith in 15 d a y s a fte r d iv id e n d d a y . T h e
coil vert Side b on d s w ere fu lly described . In SUPPLKMKNT f o r M ar. ’ 9 3 , fi. 2.
C h ic a g o if. P a c ific Western. D i v i s i o n , n m S u p p l e m e n t o f J a n . 1901.
T e rm in a l flee, p e r ce n t b o n d s o f 1884 c o v e r te r m in a l p r o p e r t y
Of sev era l h u n dred a cre s In C h ica g o an d M ilw au kee.
The g e n e r a l m o rtg a g e o f 1889 (see a b a i r n e l In V. 4 8 , p. 8 3 0 ) Is fo r
$ 1 5 0 ,0 0 0 ,0 0 0 , to the u n ite d Ht&tes T ru s t O o., o f N ew Y o r k , as tru stee
and covera the e n tir e ra ilw a y p ro p e rty and franehlseH o f the com pany
(therein d( crib e d ) su b je ct to p r io r lien s as b e lo w m en tio n e d . T h e
p r io r lien bon d s c a n n o t be e x te n d e d , b u t Will be p a id o ff at m a tu rity .
On J u n e 30, 1 9 0 1 , th e fo llo w in g a m o u n ts o f gen eral m o r tg a g e b on d s
W been I s s u e d or w e re re se rv e d fo r th e p u r p o s e In d ica te d , v iz :
L isted on N ow Y ork S to c k E x c h a n g e ..............................
$ 3 0 ,2 7 6 ,0 0 0
I n tr e a s u r y o f th e c o m p a n y (ttnaohjj «e e b e l o w ................
8 ,7 9 4 ,0 0 0
Tot il reported by the com pany as outstanding........
3 4 ,0 7 0 ,0 0 0
Reset*1 >-d fo r p r io r Hens........... ...................................................
88,1 0 3 ,5 0 0

A va ila b le or even tu ally to becom e ava ila b le lo r ttn-

p r o v e me id s there b e in g In clu d ed In th is a m o u n t th e 1
b o n d s origin illy reserved fo r p r io r ijeris, w h ich n a v e f
sin ce been c o n v e r te d in to p re f. and c o m m o n s to ck . . I

A. & O. N.Y.Office,30 Broad St. A pl 23,’02,3%
fc
A. < O.
do
do
Apl. 23,"02,3l«

6
7

$

unn

■ * /,» « ./,o w

Total authorized
$ 1 5 0 ,0 0 0 ,0 0 0
T iie $ ,M ,0 7 0 ,0 0 0 o u tsta n d in g In clu de $ 6 ,0 0 0 ,0 0 0 Issued to p a y fo
1 ,8 m iles o f su n d ry sm a ll b ru n ch e s on w h ich th e g e n e ra l m o r tg a g e 1
a firs; lien, and to retire th e $ 2 ,5 0 0 ,0 0 0 first m o r tg a g e b o n d s o
i o n * " 8-"Ons|on - L ake S u p erior R y., a C h ica g o su b u rb a n road
n o g ,0 0 0 Issued to re p la c e p rior b on d * pa id an d c a m e le d am i $19,
070.000 fo r a d d ition s to p r o p e rty .
HNAwct'-s, a o . •-c a p it a liz a t io n pe.r m ile o f road J u n e 30
lf K ) l. Htoch, $ 1 5 ,2 3 3 ; b on d s, $ 1 9 ,2 4 4; in te r e st c h a rg e , $9 90 ,
in A p r., ] 901, stockholders s u b s cr ib e d to $ 8 ,6 7 3 ,2 0 0 n ew a tock a

J. & J. N.Y.,Office,30 Broad St. Jan. 1, 1903
do
J. & J.
do
Jan. 1, 1903

7

g.
g.
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g.
g.
g.
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g.

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& J.
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& J.
do
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& J.
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& J.
do
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& J.
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& J. Boston, Lee Higginson.
& J. N.Y. Office, 30Broad St.
do
& J.
do
& J.
do
do
do
& J.
do
do
& J.
do
do
& J.
do
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& J.
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J. & D. N.Y., Ch.Mil.A St.P.Ry.
do
J. & D.
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J.
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J.
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J.
J.
J.
J.
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J.
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J.
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J.
J.

Jan.
July
July
July
Jan.
July
Jan.
July
Jan.
July
July
Jan.
Jan.
July
July
Jan.
July
Jan.
July
May
May
June
June

1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,

1904
1905
1908
1909
1910
1910
1910
1919
1909
1920
1920
1910
1921
1921
1921
1924
1914
1916
1926
1989
1989
1910
1913

par, tbe proceeds to reimburse the com pany for 30 1 miles o f new road
built during the past two years, and provide for Kansas City cut-off
and other necessary new construction, to <ost $4,300,000, and in
■fan., ' 902, $2,362,100 additional common stock was sold to pay in par
for 298 miles o f new road, equipments and improvements. V. 72, p.
437, 935; V. 74, p. 378. In April, 1901, the rate o f dividend on com ­
mon was increased to 6 per cent.
The funded debt was increased during the year 1900-01 by the issue
of $92,000 of general mortgage bonds and was decreased $4,297,500 by underlying bonds retired and canceled ; of the latter $4,203,500 were converted into preferred stock and $2,000 into com mon
stock. Of the funded debt there was in the treasury June 30, 1901,
$4,883,000 (against $8,891,000 June 30, 1900), of whieh $3,570,000
was general m ortgage 3428 and $224,000 gen. M. 4s D ring 1900-01
$4,000,000 o f the general S ^ s held in the treasury and $100,000
general 4s were sold —V. 71, p. 1119; Y. 7?, p. 563.
Average freight train load in 1900-01 was 236 tons; rate per ton per
mile, 0 -861c.; in 1899-0 train load. 209 tons; rate per ton per m. 0-929o.
E arnings .—11 mos >1901-2 Gross, $41,739,408; net, $14,258,887
July 1 to May 31. < 1900-1.. Gross, 38,813 022; net, 13,263,328
For 5 mos. ending Nov. 30, 1901, net, $7,556,079, against $6,930,589; oth. income, $112,572; int. on bonds, $2,606,226; bal., sur., $5,062,426.
a n n u a l R e p o r t .— Fisoal year ends June 30.
Annual meeting is
held in September. Report for 1900-01 was given at length in V. 73, p.
550, 562. See also editorial, p. 528. In 1900-01 of 18,010,683 tons o f
freight carried, grain furnished 26 p. c.; other agricultural products,
2 p. o.; coal and e k e , 13 p. c.; lumber, 10 p. c.; other forest products.
9 p. c., and miscellaneous, 40 p. o.
1900-01.
1899-00.
1898-99.
Aver, miles operated June 30..
6,512
6.347
6,154
Passenger earnings.................... $7,939,216
$7,698,514 $6,778,921
Freight earnings......................... 31,357,992
31,220,217 28,773,222
Mail, express, <fcc., earns..........
3,071,804
2,965,961
2,758,489
Total e a rn in g s........... $42,369,012
$41,884,692 $38,310,632
Maintenance o f w a y........ $6,505,864
$7,503,380 $5,045,697
Maint. cars and en gin es. 3,024,725
3,048,667
3,229,700
Transportation, gen. exp., e tc .. 13,932.064
12,761,567 11,702,325
Taxes..................................
1,403,643
1,322,047
1,248,349
Renewal accou n t.............. 1,185,000
1,550,000
1,925,000
Additional equipment..... 1,111.256
1,475,305
.......
Miscellaneous....................
814.951
759,671
811,766
Total expenses........................$ 2 7 ,9 7 /,o o j $28,420,837 $23,962,837
Net earnings..................................$14,391,509 $13,463,855 $14,347,795
Perct. of op. exp. to earns...........
(66-03)
(67-85)
(62-55)
O t h e r in c o m e ......................................

1 7 4 .6 8 3

1 4 4 ,7 5 6

Total net incom e...................$14,566,192 $13,608,611
In te r e s t o n d e b t, e t c ......................

1 1 7 ,4 1 0

$14,465,205

6 ,3 8 3 ,0 3 5

6 ,6 3 3 i 7 0

6 .8 9 0 ,1 2 0

Balance for dividends........ $ 8,1 83 , 1 57

$t ,97 >,441

$7,575,085

D I V I D E N D S P A I D DUR ING FIS CA L Y E A R .

C o m m o n ....................................(5 h j)$ 2 ,5 9 3 ,1 2 3 (5 )$ 2 ,3 5 1 ,5 3 0 < 5 ) $ 2 j l 8 , 9 8 0
P r e fe r r e d ...................................... (7) 2 ,8 5 1 ,0 5 8 (7 )2 ,5 1 6 ,5 2 8 < 7 )2 ,2 7 8 .9 3 1
T o ta l d iv id e n d s ...................
$ 5 .4 4 4 ,> » /
$ 4 ,8 6 8 ,0 5 8
$ 4 ,5 9 7 ,9 1 1
O f f i c e r s . — C h a irm a n , R o s w e ll M ille r , 3 0 B r o a d S treet, N ew Y o r k ;
Presiden t., A lb e r t J. B a ri lo g , C h ic a g o ; T r e a s u r e r , F . G . R a n n e y ,
G u loa g o; S e c r e ta r y , P. M, M y ers, M ilw a u k e e .
Director*.—ItoHwell Miller, New York; A, .1. marling, Chicane; Frederick
Layton, .Milwaukee; J. Ogden Armour, Chicago; Frank 6. II ml. Jumnih Mtllbank. William Itoekoroller. I’ eier (babies, August Belmont, Samuel Spencer,
Jams* 11. Mmli h, Charles W. I larltnoHs, Henry II, Roue™ Now York.
Executive Committee.
oinrell Millar, A. .1. tOarllog, Peter Gtoddos, William
U mkofellnr 8am 1 nI HpQllflOr.
1
j N ew Y o r k O ffice -3 0 B r o a d 8 t — (V . 7 4 , p. 3 7 8 , 126, 6 7 9 .)
c ia lc M R o A- W o r t h . P t t c l ilr . R R . —O h in tg o T e r m in a l T r a n s fe r R R ,
1
C h i c a g o A N o r t h W i-u b t r n R y , —(See M a p .) O p e ra te s an im ­
p orta n t lyst.em o f roa d s u n itin g C h ic a g o , 111,, w ith O m ah a , N ob ., Ht.
Paul M lm i., w ith the g r e a t w h ea t b e lts o f D a k o ta , N eb ra sk a , e tc ., and
w ith the m in in g r e g io n s o f M ich ig a n an d Hie lliitelt H ills, Including-R oa d ow n ed la. fee.
M iles.
O o n lr o U r d b y sla ck ,
M ile s,
o p era ted se/inrateli/
___
__ 5 ,8 0 8
| M ain lin es, e t c
F r e m o n t E lk H orn & M o. V a l. 1 ,3 0 2
| E n tir e sla ck o w n e d

Princeton *. W estern.............

10

T o ta l o f all A u g , J, 1 0 0 1 ....7 ,0 4 6
2d t r a c k ..............................
714
! u rg e in ter, si ow n ed
c h i 'a g o Ht, P au l M in n e a p o lis
T o ta l tael. In e a r n s ............... 5 ,5 7 7
a O m ah a
........ 1,6 0 5
D u r in g th e fisca l y e a r 1000-01 259 m iles w ere c o m p le te d a n d a d d e d
to th e read p r o p e r.
In Ju n e, 1900, P r in c e to n A- N o rth w e s te rn R R . w as In co r p o r a te d to
b u ild a lin e from P r in c e to n , W is., to M a rsh field , e tc ., I 0 5 in lies, a n d in
N ov., 1900, the P e o r ia A N o r th w e s te r n it/,., to b u ild fro m P e o ria , III.,
to n ear N elson , 85 m ile s; b o th w e re c o m p le te ! in 1901. V 78, n,
29 4. O f the $ o u fh e r n Io w a liy ., 56 jntlr•«, I m iles w ere iMUnjiletcd In
J u n e, l'lO I . Jn D e c , 1001, th e C h ic a g o I o w a * D a k o ta R v ,, 13Id o r a
Jet. to A m et), 1a , 26 m iles, was p u rch a sed .
in A p r., 19 02 , ex ten
HI- P au l E a stern G ra n d T ru n k
(le a s e d )........
..................

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RAILROAD

J u l y , 1902.]

STOCKS AND

BONDS

41

Lands—Pnnoi •
INTEREST OR DIVIDENDS.
MUes Date Size, or
pal, When Dae.
Amount
of
of
Par
Rate per When Where Payable , and by Stocks—Last
For explanation of column headings, Ac., see notes
Road. Bonds Value. Outstanding
Whom.
Cent. Payable
Dividend.
on first page of tables.
RAILROADS.

$100 $39,114,678 7 in 1902 J. A J. N. Y.,Co.’ s Office,52 WaU
Chicago & N orth W estern —Common s to ck ...T r 4,273
....
100 22,395,120 8 in 1902 Q —J.
do
do
Pref erred stock (not cumulative) see t e x t ___T v 4,273
.
12,832,000
do
do
1,000
7
Oh. A N. W. con. s.f. M. ($12,900,000), not dr. F.o* 788 1865
< —F.
4
M. A N.
do
do
2,332,000
7
Cedar Rapids A Missouri Riv.—1st mort. 3d Div. 150 1866 500 Ao.
769,000
J. A D.
do
do
7
M. of 1884, Ced. Rapids to Des Moines R iv e r .. 122 1884
>
lo
do
Madison exit. 1st M., g. (s.f. $23,000,not dUnf-F 129 1871 500 Ao. 1 2,977,500
7 g- A. A O.
do
do
M enom ineeext.lstM ., g. (s .f.$20,000,not d riF 114 1871 500 Ac. C 2,546,500
7 g- J. A D.
62 1872 500 Ac. d 3,365.000
do
do
Northw. Union 1st M., g., Mil.to Fond-du-Lac.F
7 g- M. A S.
7,316,000
do
do
Ch. A N.W. gen. con. M., g., s.f., not dUn c.*A r.U n 1,637 1872 500Ao.
7 g- J. A D.
General m ortgage o f 1897, see n ext page.
M. A N.
1,000
1,592,000
do
do
Winona A St. Peter 2 u inw u (now 1st) assumed.. 139 1867
7
do
do
1st mort. ext., gold, land grant, s. f., ass’ d.e.F* 184 1871 100 Ac. k 4,038,500
7 g. J. A D.
. . . . 1878
Seml-an
250,000
do
Plainview RR. and Minn. Val. 1st m ortgages—
7
do
24 1878
M. A 8.
do
Rooh. A No. Minn. 1st mort., guar, (assumed) —
200,000
do
7
1882
M. A 8.
71
a 1,007,000
do
Dak. C. 1st M., gu. (Watert’n to Redfield, S. D .)F
6
do
M. A N.
do
Dak-C.lst M.oh 8o’ eastDiv. (to Hawarden) gu .U n 125 1882
2,000,000
6
do
Menominee River 1st M., tw o series (assumed). F
31 ’76-’ 80
J. A J.
do
560,000
do
7
82 1880
M. A 8.
Mil A Mad. 1st M., MU. to Madison (assumed) Fo*
1,000
1,600,000
do
do
6
(18 80
M. A N.
Chicago A Tomah 1st mort., guar, (assum ed).F )
do
1,528,000
do
6
152
\ 1882
M. A N.
Chicago MUwaukee A N. W. construe, do
.F 5
e 601,000
do
6
do
57 1882
Des Moines AMinn. 1st M. ,Des M.to JeweU Jc. F Ac.
1,000
F. A A.
600,000
do
7
do
64 1884
1,000
M. A 8.
Ottum.C.F. A St.P. 1st M. ($25,000 p.m.), g u -U ii.e'
1,600,000
do
5
do
76 1885
1,000
M. A S.
No. ILL 1st M. ($20,000 p. mUe), assumed U n .o*
1,500,000
do
5
do
1,000
Mil. L. Sh. A W., Consol. M. (now 1st) gold.C e.o’* 413 1881
do
5,000,000
do
6 g- M. A N.
82 1884
Mich. Div. 1st mort. (for $3,000,000), g..C e.c*
1,000
1,281,000
do
do
6 g- J. A J.
40 1885
1,000
Ashland Division 1st mortgage, g o ld .......Ce.c*
1,000,000
do
do
6 g- M. A S.
Dehen. (see text) sec. by m ort o f ’ 89, g ...C e .c* 693 1887
1,000
do
436,000
do
5 g- F. A A.
1,000
Ext. A Imp.M .for $5,000,000,g., s.f. not dr.Ce.e* 693 1889
4,148,000
do
do
5 g- F. A A.
.... 1881 1,000
M. A N.
Incom e bonds (not cum .)....................................r
500,000
6
do
do
Marsh. E x.lstM .$600,000($15,000 p .m .).U n c*
40 1892
1,000
A A O.
400.000
5
do
do
C.AN.W .s.f.hdsof 79($15,OOOp.m.)Fd.atl05.Fc&r 1,041 1879 l.OOOAo 12,725,000
do
do
5 A 6 A. A O.
Sinking fund debentures 1933 U n .......... o*<fcr
.... 1891 l.OOOAc 9,800,000
M. A N.
do
do
5
— 1884 l.OOOAc f 5,369,000
25-year debentures U n ................................. c*&r
M. A N.
5
do
do

July 1 ,’02, 4%
J u l y ! , ’02 2%
Feb. 1, 1915
May 1, 1916
June 1, 1909
Apr. 1, 1911
June 1, 1911
June 1, 1917
Deo. 1, 1902
Nov. 1, 1907
Dec. 1, 1916
1908
Sept. 1, 1908
Sept. 1, 1907
Nov. 1, 1907
July' 1, 1906
Sept. 1, 1905
Nov. 1, 1905
Nov. 1, 1905
Feb. 1, 1907
Moh. 1, 1909
Moh. 1, 1910
May 1, 1921
July 1, 1924
Mch. 1, 1925
Feb. 1, 1907
Feb. 1, 1929
May 1, 1911
Oct. 1, 1922
Oct. 1, 1929
May 1, 1933
Nov. 1. 1909

C h i c a g o <fc N o r t l i W e s t e r n R y , - (C o n c l u d e d .)
1902.
1901.
1990.
1899.
sions from Nelson, HI., to Janesville, Wis., about 100 miles, and V erdi­ Oper. exp. & ta x e s ..$29,904,792 $27,229,998 $26,994,013 $24,828,714
gris, Neb., to Fairfax, S. D., 70 miles, were under construction.
Net earnings............. $16,630,044 $15,868,589 $15,956,792 $13,187,599
(63-18)
(62-85)
(65-31)
History , A c.—The Chicago A North Western Railway was organized P. o. exp. to earnings (64-26)
Total net receipts....$17,207,124 $16,445,669 $16,486,582 $13,731,577
In 1859, and has since absorbed many other roads.
_
r
790 5 $6,324,752 $6,069,384 $6,232,235
In December, 1882, a controlling interest was acquired in the stock of Net int. on debt_ ) <,ft
Sinking fund, e t o .. 5
)
i299,630
355,640
340,745
the Chicago 8t. Paul Minneapolis & Omaha Co., which see.
In July, 1884, the capital stock (except a few shares) o f the Fre­ Div. on com mon......(7(2,737,870 (6)2,346,744 (6)2,346,744 (5)1,955,620
mont Elkhorn A Mo. Valley was acquired on the terms stated in the Div. on p referred .. (8)1,791,600 (7)1,567,650 (7)1,567,650 (7)1,567,650
4,696,665
4,169,526 4,542,041
........
Supplement of June, 1885, and prior issues. Its securities, except Real est., const., &o..
those held bv Chic. & N. W ..are in table above. On June 20, 1901, Balance, surplus
$1,340,255 $1,737,367 $1,605,121 $3,635,366
purchased Sioux City & Pacifio RR. at Governm ent sale.—V. 72, p.
FREMONT ELKHORN & MISSOURI VALLEY (OPERATED SEPARATELY).
721,1236; V. 73, p. 444.)
Tr.end.May 31.
1901.
1900.
1899.
1898.
In December, 1 89 1,the Milwaukee Lake S h o r e * Western RR. was
Gross earnings. $4,287,806
$4,121,458 $3,885,489 $3,881,340
bought by an exchange of stock. See V. 57, p. 375; V, 56, p. 792.
In 1900 various proprietary roads were purchased and in 1900 Net earnings............. $1,307,781 $1,246,124 $1,274,687 $1,237,948
1,021,391 1,020,879 1,020,908
and 1901 others built in the interest of the C. & N. W. were aborbed. Total Charges. 1,021,945
- V . 71, p. 291, 294; V. 73, p. 294, 1010.
Balance...................... sur.285,836 sr.$224,733sr.$253,808 sr.$217,040
C a p i t a l St o c k .— Of the common stock $2,333,688, and preferred
O fficers .—President, Marvin Hughitt, Chicago; Vice-President and
$3,795 remained in the co’ b treasury in June, 1901. Pref. stock has a Secretary, E. E. Osborn, 52 Wall St.. New Y ork ; 2d Vice-President,
prior right to 7 p. 0.; then com m on 7 p. c.; then preferred 3 per cent; M. M. Kirkman, C h icago; Treasurer and Assistant Secretary, S. O.
then com mon 3 per cent; then both classes share.
Howe. New York.
Directors.—W. K. Vanderbilt, P. W . Vanderbilt, H . M cK. Tw om bly, Samuel
D iv id en d s —’ 84. ’ 85. ’ 86 to’ 93. ’ 94. ’ 95. ’96 to’99. ’ 00. ’01.
1902.
F. Barger, Chauneev M. Depew. James Stillman, James C. Fargo, M. L. Sykes,
Common..
7 6^
6 yearly 3 4 5 yearly 6
6
7
New Vork; Albert Keen. Lake Geneva, W is.; Marvin Hughitt, N. K. Fairbank,
Preferred.
8 7 ^ --------------------- 7 yearly-------------------- Inc.JulyU U
B y ro n L. Smith, Cyrus H . McCormick, Marshall Field, Chicago; D avid P. Kim
ball. Oliver Ames, Boston: Zenas Crane Dalton, Mass.
In July, 1902, extra dividends increased rate 1 per cent on both
- ( V. 74, p. 93, 204, 267, 326, 1 1 9 3 , 1194, 1250.)
stocks. V. 74, p. 1194.
B o nds .— General Mortgage.—See A b s t r a c t in V. 65, p. 1 1 7 5 .
C h i c a g o P e o r i a Sc S t. L o u i s R y . — o a d .—Owns from Pekin
-R
The authorized issue is $16o,000,000 (United States Trust Co., trustee)
to Granite City, 111., 180 m iles; Madison to Bridge June., 3 m.;
$131,645,000 were reserved to retire underlying bonds, and remainder Havana to Jacksonville, 111., 42 m.; branch, Lookhaven to Grafton, 8 m.;
for additions and Improvements, $4,000,000 at once and $ 1 ,0 0 0 ,0 0 0 total owned, 233 m.; trackage, Pekin to Peoria, 10 m.; Granite City,
a year thereafter. See V. 65, p. 1070. The first issue, of $20,000,000, 111., to Merchants’ Junction, 3 m.; InSpringtleld, l ^ m : Madison, 111.,
bears 3 ^ per cent (reg. Interest Q.—F., coupon M.AN.) V. 65, p. 69, to St. Lo iis Station, Th. miles. Owns and operates Litchfield A Madi­
111,571. Up to July, 1902, $13,059,000 had been listed. V. 67, p. son Ry., Litchfield Jet. to Madison, 44 m.; trackage, J. A St, L. Jet. to
Litchfield, 1 m.; total 300 miles. Reorganization of Chicago Peoria
125; V. 72, p. 86.
The sinking fu n d bonds of 1879 are secured by deposit in trust A St. L. R R .and S t L. Chic. A 8t. Paul R y., sold in foreclosure Jan. 8,
•f $15,000,000 of 1st mortgage bonds at $15,000 per mile on sub­ 1900, per plan In vol. 68, p, 722.
sidiary lines, the most important being described in Supplement of
B o nds .—Of the $2,000,000 prior lien 4^ 8 (City Trust Co. o f N. Y .,
May, 1894. Of the sinking fund bonds of 1879 $6,069,000 are 6 s ; trustee), $750,000 are reserved for future extensions, improvements,
the sinking fund is at least 1 per cent of outstanding bonds, w h ich etc. Stock, com., $3,600,000; pref., $3,750,000.
are subject to call at 105; and through its operation the amount
N e w S e c u r it ie s , E tc .— In July, 1901, It was proposed to exchange
o u ts ta n d in g has been r e d u c e d fr o m $ 1 5 ,0 0 0 ,0 0 0 to th e fig u r e In ta b le .
th e Ch. P. A St. L. In co m e s d o lla r f o r d o lla r f o r n e w 1 st p r e f. s t o c k ,
T h e sinking fu n d debentures o f 1933 h a v e a sin k in g fu n d o f $200,000
p r e se n t p r e fe r r e d to b e s e c o n d p r e fe r r e d ; a lso th e L. A M. in c o m e s
p er y e a r, i f th e y c a n b e r e d e e m e d a t 105. See d e s c r ip tio n o f all th e
debentures on p a g e 2, Su p ple m e n t o f A p r il, 1895.

T h e extension bonds o f 1 8 8 6 are se c u re d b y d e p o s it in tru st o f first
m o rtg a g e b o n d s at a r a te n o t e x c e e d in g $ 2 0 ,0 0 0 p er m ile. In c lu d e d in
the c o lla t e r a l J u n e 1, 18 96 , w ere $ 1 0 ,6 7 5 ,0 0 0 F r e m o n t E lk H orn * M o.
V a lley l s t s and $ 2 ,5 6 0 ,0 0 0 l e t s W y o m in g C en tra l l s t s [c o n s o lid a te d
w ith F. E . A M . V .], etc. See F. E. A M. V . b o n d s b e lo w .
T h e c o n s o lid a te d s i n k i n g f u n d b o n d s o f 1 9 1 5 h a v e v o t in g p o w e r .
The F r e m o n t E l k h o r n <&M i s s o u r i V a lle y c o n s o ls h a v e a first lien on
1,170 m iles <F rem on t, N eb ., to D e a d w o o d , D. T ., 5 5 7 m iles, an d
bran oh es to H a s tin g s, A lb io n , A o ., 6 1 3 m ile s), b u t b e s id e s th e a m o u n t
o f issue g iv e n as o u ts ta n d in g in the ta b le $ 1 0 ,6 7 5 ,0 0 0 are h eld as p a r t
collateral for C h ica g o * N o r th w e s te r n e x te n s io n b o n d s o f 18 86 . T h e
N orth w estern assu m ed $ 3 ,6 0 0 ,0 0 0 Of th e F r e m o n t E lk h orn A M issou ri
V a lley b on d s and g u a ra n te e s th e rest. Bee g u a ra n ty V. 5 6 , p. 650.
The B o y e r V a lle y M in n e s o ta & I o w a , B o o n e C o u n ty M a n k a to & N o w
Ulm . M in n eso a & S ou th D a k o ta an d Io w a M in n e s o ta A N o r th w e s te r n
bon d s w ere a ssu m ed in J u n e 1 9 0 0 , th e r o a d s b e in g a b so rb e d u p on
co m p le tio n ; a lso In 1901 Jin S ou th ern I o w a th o P e o r ia A N o r th w e s t­
ern and th e P r in c e to n & N o r th w e s te r n an d the S io u x c i t y A P a cific
(se e d e s crip tio n o f its b o n d s V. 7 3 , p. 4 4 4 ,1 1 5 9 ) . Be© V. 7 1 , p. 28,
2 9 1 , 29 4, 3 4 0 ; V. 7 3 , p. 2 9 4 , 1010.
G e n e r a r. F in a n c e s .- - T h e first issu e o f (* 2 0 ,0 0 0 ,0 0 0 ) r e fu n d in g b o n d s
at 3 hi p er c e n t in te r e st w as so ld to p r o v id e fo r $ 1 8 ,0 1 5 ,5 0 0 old b o n d s
m a tu rin g up to Dee. 1, 19 02 . If th e e n tir e Issue o f $ 2 0 ,0 0 0 ,0 0 0 in reqnlrcrt to refu n d th ese o ld b o n d s th e s a v in g in In te r e s t c h a r g e s w in be
Shorn. $ 5 3 0 ,0 0 0 p er an n u m see " In u d s " a b o v e an d V. 65, p. 0 9 . i l l .
In J u n e, 1001, $ 1 2 1 ,3 1 5 ,0 0 0 o ld b o n d s w ere still u n c o n v e r te d , th e
b a la n c e , 1 1 0 ,3 3 0 ,0 0 0 , h a v in g been e x c h a n g e d . See V . 7 2 , p. 80.
In 1900 01 th e a v e r a g e fr e ig h t tra in loa d w as 2 3 7 to n s, a g a in s t
235 to n s In 1 8 99 0 0 ; ra te p er ton m ile, O'HO o f a ce n t.
A n n u a l R e p o r t . F is ca l y e a r e n d s M a y 8 1 . T h e an n u a l m e e tin g is
held th e first T h u rsd a y in J u n e , A d v a n c e s t a te m e n t fo r 1001-2 w as In
V , 74, p. 1250 T h e r e p o r t fo r 1 0 0 0 01 Was g iv e n at le n g th In V. 7 3 ,
p . 2 8 5 ,2 0 1 , 8 e e a ls o e d ito ria l, p. 2 0 1 .
O f the. fr e ig h t c a r rie d in 1900-1 (tota l 2 3 ,5 2 7 ,5 7 5 to n s), o re s fur
alshed 23 p er cen t; lu m b er and lo g s, 15 p e r c e n t ; g ra in , flou r and m ill
stu d s, 13 p er cen t; o th e r a g r icu ltu r a l and d a iry p r o iu c is , 3 per c e n t;
•OBJ an d cok e, 15 p er c e n t; m eta ls an d m a c h in e r y , 5 p e r c e n t: ston e,
•and, b rick , e tc ,, 5 p er c e n t; li v e s t o c k , 4 p er n nt; m Un-el., 17 p. c.
CHICAGO A NORTHWESTERN lROl'ER
T ear e n d in g M a g 3 1 .
1 9 c 2,
19 01 .
1000
18 99 ,
A v e ra g e m iles o p e r .....................
5 ,5 0 7
5 ,2 1 8
5 ,0 7 7
P a ssen g er earn s.
1
($ 0 ,7 1 8 ,1 9 1 $ 9 ,0 0 2 ,0 8 8 $ 8 ,0 6 7 ,6 2 7
F re ig h t..............
V$ 4 0 ,5 3 4 ,8 3 6 3 1 .8 6 1,945 3 2 ,0 0 8 ,6 8 l 2 8 ,1 5 5 ,6 7 7
M a ll, e x p re s s, A o >
t 2,0 15,45 1
1,9 3 9 ,4 3 3
1 .7 9 3 .0 1 0
T o ta l e a r n in g s,. $ 4 0 ,5 3 4 ,S3U $ 4 3 ,0 9 8 ,5 8 7 $ 4 2 ,9 3 0 ,8 0 5 # 3 8 ,0 1 0 ,3 1 i

to r n e w L . A M. p r e f. sto c k . In M a y , 1 9 0 2 , a ll th e c o m m o n s t o c k o f
b o th ro a d s , 83 p e r c e n t o f th e p r e fe r r e d s t o c k , 87 p e r c e n t o f th e C. P .
& 8 1 . D. In co m e s a n d 1 7 p e r c e n t o f th o L. A M. in c o m e s h a d b e e n d o p o s ite d u n d e r th is a g reem i n t in t r u s t w ith a s e c u r it y h o ld e r s ’ c o m m it t e e
(T h os, C a rm ioh a el, 27 P in e S t., C h a irm a n ), w ith a u th o r ity a lso t o sell
th e sa m e o n o r b e fo r e A u g . 1 ,1 9 0 4 , a t p r io e s th e re in n a m e d . S ee V .
7 3 , p. 183.
R e p o r t fo r y e a r to J u n o 30, 1 9 0 1 , In V . 7 4 , p . 3 2 3 , -s h o w e d : G ro s s,
$ 1 ,3 4 7 ,3 5 3 ; n e t, $ 1 8 2 ,6 4 3 ; o th e r in co m e , $ 1 9 ,5 2 9 ; fix e d c h a r g e s . $ 1 6 9 ,4 8 5 ; b a l., su r., $ 3 2 ,6 8 7 . F o r y e a r e n d in g J u n e 3 0 , 1 9 0 2 , g ro s s, $1 ,4 4 8 ,3 2 4 . P resid en t, C h arles E. K im b a ll, N ew Y o r k ; S eoy . a n d T rea e.,
R a lp h B lais d e ll, S p rin g field . 111.; A sst. See. a n d A sst, T reaa., T . 0 . W e ll­
m a n , N e w Y o rk . —(V . 7 4 , p . 3 2 3 . )

C h ic a g o R o c k I n la n d Sc P a c i f i c R y . —(Nee M a p ) —ROAD.—
O p era tes from C h ic a g o , 111., v ia O m ah a , N ob ., to D e n v e r a n d C o lo r a d o
S p rin g s, C o l., an d v ia K a n sa s C ity , M o., to T o r r a l, I. T ., w ith b ra n o h e s.
L in e s ow n ed —

M ile s .

C h ic.,III., to C ou n cil B lu ffs ,la .
D a v erip ’ t, I a., t o A fcoh’ n, K an .
FI w o o d to T o x h o m a , O. T —
I ro rl n g to n , K a n ., to T e r r a l, L T .
Ifo r to n , K a n ,, to R os w e ll,O o l.
C o w r ie to S ib le y , la ..............
I B r a n c h e s ........................................
j Other lines (sec below).

50 0
34 I
49 4
34 9
56 9
109
857

Total owned Apr, 1, 1902 .8,210
f,eased,ate. (HWhich son.)

M ile s.

D es M oin es A F o r t D o d g e ..fj
T r a c k a g e to K a n sa s C ity ,
N o, T o p e k a , K a n ., D e n v e r,

14 4

Ool., Pueblo, Col., e tc.......

338

T o t .lin e s o p e r . A p r, 1 9 0 2 .3 ,9 1 0
l,e a s e d f r iM J u n e 1 , rqoj —
B url. Ceil Rap. A Nor ...... 91,855
R o c k Islan d A P e o r i a ......... II 118
C o n tr o lle d

O p er. s e p a r a t e l y —

O h o c ia w O k la h o m a A G u lf
1 , 1 12
U n d er Oo»sl.ruot.loi» and p r o ­
47
posed (a b ou t,).
.............. 7 0 0
Keokuk A Dos M oines.. . . . -It 162
T ota l sy ste m J u ly , 19 02 , Inch p r o je e ie d m ile a g e , o le . (a b o u t ),7 ,2 0 0
i
In A p r il, 190'.’ , th e g re a te r purl o f (.lie s to ck o f th e U hnetaw O k la h o m a
A G n il R K ., In c lu d in g C h o c ta w A N o r th e rn , e tc., 1,1 05 m iles In all,
w as a c q u ir e d b y th e c h fo , li, I, A Puc. Hoc In-low; a lso th a t OOnuuiuy
/, 74, p, 7 7b, 1354,
riii' B u rlin g to n C eda r R a p id # & N o rth e rn and R ock Islan d A P e o r ia
a re loaned fo r 9 9 0 y e a rs from J u n e 1 . 1 0 0 .', on a ba sis to p a y fix e d
oh argon an d 6 p er cen t on th e ir iiutst a tidin g Mm-k-i
A s to purenhne o f
m in o r ity s to ck s , o f th ose road see , lo i'b b e lo w . V. 74, p. 1 104, 1.250.
In M ay, 19 02 , c o n t r o l iif the Den M otile A F ort D o d g e R R . w as pur
iiliaHed b y o fln r p a r lie s
V. 7 4 , p. lu ll?

: P eoria & B u reau V a lle y ___ f[

In April, 1002. purchased all life slo ck and b on d " of the Hi. Louis
K annas c it y A C olorado, 8 t Louis to Belle, M o , noil build lug w esterly
to Kansas City, thu form ing when com pleted a line into Si. Louis for
the Huek Island
In July, 19 02 , wan a b ou t to becom e a lenaul o f the
Term inal IHi. A ssociation o f Ht. Louis. V. 74, p, P.'lfl; V. 75. p 76, 134,

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.

43

RAILROAD STOCKS AND BONDS.

J u l y , 1902.J

Bonds—P rinci­
INTEREST OR DIVID EN DS.
Miles Date Size, or
pal,^When D ue.
A m ount
of
R ate per When W here Payable , and by Stocks—Last
of
Par
F or explanation of colum n headings, &o., see notes
Whom.
Cent. Payable
R oad. Bonds Value. Outstanding
Dividend.
on first page o f tables.
R AILRO AD S.

A 1 5 & 0 N ew Y ork, 52 W all St. A pr. 15, 1921
5
1891 1.000&C g $9,819,000
N. W. ( Con.)—Ch. & N. W. 30-yr deb.TJn.ckfcr
do
4
F 15& A .
ao
Aug. 15, 1926
. . . . 1886 l,00 0& c 1117489,000
E xten. 4s, $20,000,000 ($20,00'0 p. m .).U n .c& r
do
do
3^g.
N ov. 1, 1987
Gen’l gold bond, m ort., $165,006,000. .TJs.c*<fcr . . . . 1897 l,0 0 0 & c 13,059,000
IT
J. & D.
do
90 1898 l,0 0 0 & c
do
1,440,000
3
D ec. 1, 1923
B oyer Val. R y., 1st M., c%, $16,000 per m.F.c*<fcr
do
do
1,904,000
3 ^ g . J. & D.
June 1, 1924
Minn. & la R y., 1st M., g., $16,000 per m. F.c*<fcr 119 1899 l,0 0 0 & c
do
416,000
do
Oct. 1, 1929
26 1899
1,000
3 ^ g . A. & O.
Mankato & New Dim, 1st M., g., $416 000 F .c'& r
do
do
56 1900 l,0 0 0 & c NT D eo.’Ol 3i2 g. M. & S.
ne
Sept. 1, 1925
Southern Iow a, 1st m ort.. $1,120,000, g F c*<fcr
do
1,940,000
Jan, 1. 1926
do
3 S g. J & J.
i
P rinceton & North., 1st M., $2,100,000, g.F.c*& r 105 1901 l,0 0 0 & c
do
do
2,125,000
Mch. 1, 1926
85 1901 1,000&C
3^2*. M. & S.
Peoria & N orthw., 1st M., $2,125,000, g . F . .c*<fcr
do
do
4,000,000
A u g 1, 1936
3is g. F. & A.
Sioux City & P ac , 1st M., g., $4,000,000 F .c*&r 125 1901 l,00 0& c
A. & 0 .
do
do
169,000
7
A pr. 1,!02,3k}
’
6
....
100
Sioux City & Pac., pref. stock (1st M. on 6 m .)...
J. & J.
do
do
33 1900
528,000
Jan. 1, 1935
1,000
3is g.
Minn. A So. D akota, Is tM ., gold, $ 52 8,0 0 0.,F .c*
J. & J.
do
do
3,900,000
Jan. 1, 1935
Io w a M innesota & N orthw estern 1st M., g .F c T r 195 1900 l,0 0 0 & c
3k) g.
A. & O.
do
6
do
1,000
7,725,000
Oct. 1, 1933
Frem. Elk. &M. V. consol M. $20,000 p.m . see text. 1,170 1883
1,425,000
N.Y. office, 27 Pine.
Mch. 1, 1930
1,000
41
2g. M. & S.
Chic. Peo. < St.L —Pr. lienM ., g ^ c a lla t 107k2.Ci.c* 230 1900
£
do
230 1900
2,000,000
do
July 1, 1930
1,000
Consol. M., $2,000,000, g., called at 105 C o l . c *
5 g. J. & J.
Ju ly 1, 1930
230 1900
2,000,000 Up to 5 p er cent when earned.
1,000
In com e M., g. (text) non-bum , called at p a r .E C
44 1900
500,0* 0 Up to 5 p er cent, when earned.
Ju ly 1, 1930
500
Litch A M a d k ln c .) M. (text) 5%, non-cum .......Cl
....
....
65,884,000 5 in 1901 Q .- F . New Y ork and Chicago. Aug. 1, ’02,144
100
C h icago P o c k I s ld .& P a c .—Stock ($75,000,000)..
6
J. & J. N. Y .,1 3 W illiam St.
July 1, 1917
1st M., Chic., Dl., to Council Bluffs & br’ eh es.E s c* 736 1877 1,000&C 12.500,000
do
do
fc
.Tan. 1, 1988
General m ortgage, $100,000,000, gold...C e.o*& r 3,128 1898 l,0 0 0 & c 59,581,000
4 g. J. < J.
23,520,000
4 g. M. & N.
N ew Y ork .
1902
1,000
May, 1903-’ 18
C ol.tr. M .,g „ d ue$ ,5 0 0 ,0 0 0 y r ly ,r e d .lO l1 C e c*
^
Feb. N. Y ., Office, 52 Wall St. A ug. 20, ’02, 3
100
18,558,053 See text.
Ghicaqo S t. P a u l J lin n . & Chnaha—Com. stock..
....
....
do
do
11,259,912 7 in 1902 F. & A.
....
....
100
Pref. stock, non-cum ., inclu din g scrip (se e te x t).
A u g .20,’0 2 ,3 ^
334,800
J. & J.
do
do
21 1878 500 &c.
7
Jan. I , 1908
St. Paul Stillwater & Taylors’ Falls l i t m ort. ...c
12 1878 500 &c.
125,000
8
J. & J.
do
do
July 1, 1908
Hnd. & R iver Falls IstM ., H udson to R iver F alls, c
do
do
1,947,000
May 1, 1918
Ch.St. P.&M inn. 1st M .,g.,E lroy to L. St.C.ass’d.c* 177 1878 500 <fec.
6 g. M. & N.
do
6,070,000
do
Apr. 1, 1919
1,000
St. P. < Sioux City, 1st M., g.. $10,000p.m . .C e .o 607 1879
fe
6 g. A. & O.
6
J. & J.
do
do
Jan. 1, 1930
80 1880
1,000
768,000
N o.W i8.lstM . Lake St.C.to n’r Spooner ass’d.C e.c*
M. & N.
do
1,000
350,000
5
do
N ov. 1, 1915
37 1890
Sault Ste. Marie & Sonthwest’n 1st M ., assumed.c
do
1880
6
J. & D.
do
1,000
14,498,000
June 1, 1930
C.8t-P.M.& O.M .,$30,000,000 ($15,000 p .m jr e .o '
394,000
1,000
Chic. Terrn’l Tr. R R —C h.& G t.W .,lst M., g.,ass’ d.c* . . . . 1886
5 g. J. & D, N. Y ., M ercantile Trust. June 1, 1936
650,000
M. & N. T o C ity o f Chicago.
May 1, 1938
....
5
City o f Chicago purchase m oney m ort., assumed
....
91 1897
i ,o o o
13,635,000
Chic. Term. T ran sf.lstM .,g.,$16,500.000 TJs.c*<fer
4 g. J. & J. N. Y ., M ercantile Trust. Ju ly 1, 1947
In addition tlie smiting fund June 1, 1901, lield, a , $58,00o; b, $172,500; c , $150,500; d., $135,000; *>,$149,000; f ., $521,000 (and
$10,000 on hand); g ., $ 1 8 1 ,0 0 0 ; h f $ 1,1 43 ,0 00 ; k , $202,500.
C oupon interest M. & N.; registered Q.—F.________________________
0.

C h ic a g o R o c k I s l a n d & P a c i f ic R y , - Co n c l u d e d .
In D ec., 1900, the C hicago R ock Island & M exico R y. and Chic. R. I.
& El Paso R y. w ere incorporated to build an exten sion from Texhom a,
O. T., to Santa Rosa, N. M., 213 miles, at a con n ection with an ex te n ­
sion of the El Paso & N ortheastern (New Mex. Ry. & Coal) built
from Carrizosa, thus affording a through route to the P acific coast, via
E l Paso and the Southern Pacific, and a through line to the City of
M exico via the M exican Central. V 71, p. 1219; Y. 72, p. 820. In
Feb.. 1902, extension w as com pleted.
The Enid & Anadarko
Ry. was com pleted in Dec., 1901, from Enid, O. T.. southw esterly, to
W atonga, 65 miles, and is bein g further extended to Anadarko, about
60 miles. B ra rch was nlso com pleted in S e p t . 1901, Anadarko to Law ton, 36 miles, and is being extended to near Addington, I. T., 40 miles.
Chicago R ock Island < Texas, Terra! to F ort Worth, T ex ., 93 m iles;
fe
bonds are all deposited as collateral fo r the general m ortgage bonds,
but the road is operated separately; in A pr , 1902, an extension was
proposed from Fort W orth to Galveston, 295 miles. In Feb., »902,
purchased portion o f Kansas City Peoria & Chicago R y., extending,
from Plattsburg, Mo., to Kansas City, 46 miles. V. 74, p. 426, 727.
H i s t o r y .— The present Chicago R ock Island & P acific was a con ­
solidation June 2, 1880, w ith $50,000,000 stock authorized. The
Moores o f C hicago are in con trol.—Y. 74, p. 2678 t o c k .—In Julv, 1901, stockholders subscribed to $10,000,000
additional stock, raising the am ount to $60,000,000. See below . The
stockholders voted on June 4, 1902, to increase the stock to $75,000,000; of the new stock, $3,381,200 was is s u e d to take up Burl. Ced.
Rap. A Nor. and $502,800 to take up R ock Island & Peoria stock and
$2,000,000 to purchase the St. ».ouis Kans. City & Colorado R y., the
stockholders being offered the right to July 31 to subscribe to $8,235,500 additional at par to the exten t o f 12 ^ per cent of t h e ir holdings,
leaving $880,500 in the treasury. See G e n e r a l F i n a n c e s b elow .—V .
74, p. 1194; V. 75, p. 28.
D iv id e n d s
>’ 92<fe’93 ’ 94 ’ 95 ’ 96 ’ 97 '98 ’99 ’00 ’01
1902.
gln ce’90, F.ct. {
4
3*2 2
2 2^4k2 5
5 5 Inel. A u g.,3%
Also In 1898 a distribution o f 10 per cent was m ade in stock to
represent earnings expended fo r extensions, etc., in 1880-85. (V. 68,
p. 1136.) 1 8 8 1 1 *87, 7 p. c. yearly in cash; '88, 6 ^ p. c.
<
Dividends in 1*98-9 above 4 per cent were charged to A dd ition and
I iprovemenr A ccou nt, which also stands pledged to pay a 4* per cent
‘ ‘ NpeeiAl” dividend quarterly up to and including the n ext regular
dl ndend day follow in g Jan. 1, 1903. V. 68, p. 1136.
B o n i s . —T h e r e fu n d in g m o r t g a g e Is f o r $ 1 0 0 ,0 0 0 ,0 0 0 (C e n t r a l T r u s t
C o ., t r u s t e e ), o f w h ic h $ 6 4 ,9 7 2 ,6 0 0 w e r e r e s e r v e d t o r e t ir e $ 6 2 ,7 1 2 ,0 0 0
e x is t in g b o n i s (I n c lu d in g $ 5 0 ,2 X 2 .0 0 0 p a id in 1 8 9 8 -9 ) ; $ 2 ,0 0 0 ,0 0 0
w ere Im m e d ia te ly a v a ila b le f o r a d d it io n s o r im p r o v e m e n t s ; $ 5 0 0 ,0 0 0
h a v e b een is s n e o to fa c ili t a t e th e is s u e o f r e fu n d in g b o n d s ; $ 5 ,5 0 0 ,0 0 0 w ill be a v a ila b le a ft e r 1 9 0 2 a t $ 1 8 ,0 0 0 p e r m ile , t o r e t ir e b o n d s on
lin es p u rc h a se r !, a n d r e m a in d e r a r e Is s u a b le a t n o t o v e r $ 1 , 0 0 0 , 0 0 0
p er a n n u m f o r p e r m a n e n t im p r o v e m e n t s a n d a d d it io n s , in c lu d in g
e q u ip m e n t. Bee M o r t g a g e A b s t r a c t in V . 6 6 . p. 5 2 2 .
T h e c o lla t o r a i tr u s t g o ld 4 s o f 1 9 0 2 ($ 2 1 ,0 0 0 ,0 0 0 a u t h o r iz e d ) a r e
secu red b y d e p o s it s o f a ll e x c e p t $ 1 7 9 ,0 0 0 c o m m o n a n d $ 5 6 ,4 5 0 p r e ­
ferred s t o c k , th e b a la n c e u n is s u e d b e in g r e s e r v e d f o r is su e a t 9 6 8* f o r
th e actu al c o s t o f th e r e m a in in g C h o c t a w s t o c k a t n o t o v e r $ 6 0 p e r
$ 5 0 sh are fo r th e p r e fe r r e d a n d $ 8 0 p e r $ 5 0 s h a r e f o r t h e c o m m o n .
V. 74, p 7 7 5 , 8 2 9 , 9 3 6 , 1 8 5 6 .
G e n e r a l F i n a n c e s .— A y . freigh t, tr a in lo a d in 1901 2 , 1 7 8 t o n s , r a te
per ton m ile , 1 0 4 c . ; in 1 0 0 0 1 , 3 8 2 t o n s ; r a te p e r ton m ile 0 '9 9 e .
in J u ly . 1 9 0 1 , s t o c k h o ld e r s s u b s c r ib e d a t p a r to $ 1 0 ,0 0 *,000 n e w
stock, to be u sed in p a r t t o p a y fo r e x t e n s io n fr o m Li b e n d , K a n .,
s o u t h w e s t to a c o n n e c t io n w ith th e N ew M e x . Hy. & C oal C o ., 2 5 0
m iles, an d in J u ly , i n 0 2 , $ 8 /2 3 5 ,5 0 0 w a s o ffe r e d a t p a r to c o n s t r u c t o r
p u r c h a s e n ew r o a d , m o ld d in g a lin e b e t w e e n F o r t W o r t h att4 O a t
venfcou* 2 9 6 m iles, p o r t io n o f lin e b e t w e e n F o r ! W orth arid K an as
C ity , an d fr o m A n io r lU o , ! « ■ „ to a p o in t o n th e Hue b e t w e e n L ib e r a l,
K a n ., an d E l P a s o , T e %.t a ls o f o r s e c o n d t r a c k , im p r o v e m e n t s an d

equipment.

V. 72, p. 1185; V. 73, p 184; V. 7 5 ,0 .2 8 . In July. 1902.

$ 5 8 ,5 8 1 .0 0 0 n e w g e n e r a l 4 s had b een lis te d .
A s to p u r c h a s in 1 9 0 2
o f C h o c ta w Ok inborn a. < On If, see b o n d s a b o v e .
fe
L a t e n t E a ir a m s
i m m , { 1 0 0 2 * ,G r o w , $ 2 ,1 1 0 ,1 7 8 ; n e t, $ 5 1 0 ,4 0 9
A p r il I to A p r il 3 0
i 190i . . dross,
1 ,9 7 2 ,9 3 7 ; n e t, 5 0 7 ,5 8 2
A 8 h 17a i. R e p o r t . -T h e fisca l y e a r e n d s M a rch 3 E A n n u a l m e e tin g
is held In C h ic a g o on th e first W ed head a y in J u n e . R e p o rt fo r 1901 o
a t le n g t h w a s In V . 7 4 ,
1193, 1201; s i # a ls o e d it o r ia l, p. 1 1 6 7
1902,
Yeur e n d i n g M a r c h 31 —
1901.
3900.
Miles operated.
3 ,8 1 9
3 ,6 4 7
3 ,9 7 5
$ 8 ,0 3 0 ,1 6 4
Passenger e a r n in g s ........
$ 6 ,4 0 0 ,0 1 4
$ 5 ,5 4 1 .0 3 7
.F r e ig h t............... .......................
1 7 ,7 3 0 .3 9 8
1 5 ,8 8 1 ,0 9 2
1 9 ,0 0 1 ,8 5 7
1,293.825
Mall* e x p r e s s , r e n ta ls , e t c . . . .
1 ,2 3 4 ,2 8 3
1 ,2 2 8 ,4 7 5

Gross e a r n i n g s .. ,, .. ,.. .. .. $ 2 8 ,3 8 5 ,8 4 6
N e t e a r n in g s .........

. . . . . . ___ _ $ 1 0 ,1 3 1 .1 2 1

From land departm ent,. . . . . .
I n c o m e fr o m lo a n s , e t c , . . . . . .
T o ta l i

n

c

o

m

e

,

12,000
0 8 6 ,8 4 9
$11, 079, 970

$ 2 5 ,3 6 4 ,6 9 5
6 9 3 ,8 7 9

$ 2 2 ,6 5 0 ,6 0 4
$ 7 ,0 0 8 ,1 5 3
3 ,0 0 0
6 9 8 ,4 4 0

$ 8 ,9 0 0 ,9 8 3

$ 8 ,3 0 9 ,5 9 3

$ 8 ,1 9 9 ,0 0 2

7,500

1902.
1901.
I9 60 .
$756,954
$747,227
$717,417
R ent leased road s.....................
Interest on d eb t........................
2,951,322
2,911,980
3,055,313
Missouri R iver bridges...........
150,751
144,756
134,802
D ivid en d s...................................(4) 2,247,900 (4) 1,999,692 (4) 1,999,586
B alan ce................................

$4,973,043

$3,097,326

$2,462,475

O f f i c e r s .— Chairman o f the B oard, R. R. Cable, R ook Island; P re si'

d ent, Wm. B. Leeds; Treasurer and A ssistant Sec., F. E. H ayne; Secre­
tary, G eorge H. C rosby, C h icago; A ssistant Treas. and A ssistant
Secretary, Geo. T. B oggs, 13 W illiam Street, N ew Y ork.
D irectors. A lexa n d er E. Orr, O gden Mills, G S. Brew ster, W m . B. L eeds, A .
R. Flower, W m . H. M oore, D . G. Reid, Geo. G M cM urtry, F. L. H ine and F. S.
W h eeler, New Y ork ; Marshall Field and Jas. H . M oore, Chicago; It. R. Cable,
R ook Island.
E xecutive C om m ittee: R. B . Cable (Chairm an), W m . B. L eeds, A . R. F low er,
Marshall Field. D. u . R eid, W . M oore and Jam es H . M oore.

—(V. 74, p. 1 1 9 3 , 1194, 1 2 0 1 ,1 2 5 0 ,1 3 0 7 ,1 3 5 4 ; V. 75, p. 28, 76, 134.)
C h i c a g o S t. P a u l .M i n n e a p o l i s & O m a h a R y , - (See Map Chi­
cago <£North Western.)—R o a d .— M ainline—E lroy, Wis., to Omaha, Neb.,
593 m iles; other lines, 966 m iles; total, 1,606 miles, o f w hich 1,537
miles are ow ned and 69 miles leased. V. 69, p. 1147. In May, 1901,
purchased the Minnesota < W isconsin R R ., Spring V alley to Emerald,
fe
Wis., 21 miles, included above; extension Spring V alley to Weston, 16
miles, opened in 1902.—V. 74, p. 627. In A pr., 1901, the C hippew a
V alley A N orthwestern R R . was incorporated to con struct a line from
R ice Lake, W is., northeast about 100 miles, o f Which 13 m iles w ere
operated in Jan., 1902.
H i s t o r y .— This was a consolidation July, 1880, o f the Chicago St.
Paul & Minneapolis, the North W isconsin and the St. Paul & Sioux City.
In N ovem ber, 1882, a controlling interest in the stock was purchased
lo r the Chicago < N orth w estern R ailw ay b y the acquisition o f 93,200
fe
tihares o f com m on and 53,800 shares of preferred.
S t o c k .— Authorized com m on, $21 ,40 3 ,29 3; preferred, $12,646,833,
Held b y the com pany Deo. 31, 1901, com m on stock and scrip, $2,844,340 preferred stock and scrip, $1,386,921. Preferred stock n asa prior
right to non-cum illative dividend o f 7 p e r c e n t ; but com m on is never
to receive m ore than is paid on preferred.
D iv id e n d s since ’89 V 9 0 ’ 91 ’92 ’93 to ’ 96 ’97 ’98 ’99 ’00 ’01 ’02
C o m m o n ,i n F e b .,% > ..................
N one.
2
2 38a 5
5 B e lo w
P r e fe r r e d , P . c t ___) 4
4 683 s
-------- 7 p e r a n n . (38a F & A .) --------I n F e b ., 1 9 0 2 , a n n u a l d iv id e n d o n c o m m o n o u t o f 1 9 0 1 e a r n in g s , 5
p. c .; A u g ., s e m i-a n n u a l d iv id e n d , 3 p . 0 . V. 7 4 , p . 1 2 5 0 .
B o n d s .—T h e r e a r e $ 7 5 ,0 0 0 M in n e a p o lis E a s t e r n 1 s t in . g u a r . 7 s
d u e J a n . 1 ,1 9 0 9 ; $ 1 ,5 0 0 ,0 0 0 S u p e r io r S h o r t L in e R y . b o n d s a r e o w n e d .
C h ic a g o 8 t. P a u l & M in n e a p o lis 1 s t 6 s, d u e 1 9 1 8 , a n d N o r t h W is c o n s in
1 s t 6 s, d u e 1 9 3 0 , a r e e x c h a n g e a b le a t o p t io n o f h o ld e r a t a n y t im e ,
d o Liar f o r d o lla r , f o r c o n s o l. 6 s~o f 1 8 8 0 , d u e 1 9 3 0 .— V . 6 8 , p . 5 2 1 .
L a n d s .— S a le s 1 9 0 1 , 6 5 ,4 9 0 a c r e s , $ 1 1 0 ,9 0 6 ; u n s o ld , 2 3 5 ,8 1 0 a c r e s .
L a t e s t E a r n in g s .— F r o m J a n . 1 t o M a y 3 1 (5 m o n th s ) g r o s s ,
$ 4 ,5 0 0 ,8 1 1 in 1 0 0 2 ; $ 3 ,0 8 7 ,4 5 2 in 1 9 0 1 .
A n n u a l R e p o r t .— R e p o r t f o r 1 9 0 1 w a s in V . 7 4 , p. 6 2 7 .
F ear e n d in g D ec . 3 1 —
1901,
1900.
1899.
G r o s s f5arnirigs
................$ 1 1 ,1 9 6 ,1 0 i
$ 1 0 ,3 4 2 ,0 0 0
$ 1 0 ,4 8 8 ,8 1 4
O p e ra t’g e x p e n s e s a n d ta x e s .
7 ,0 1 4 ,2 0
6 ,4 8 0 ,1 5 4
6 ,5 1 8 ,1 3 6
N e t e a r n in g s ...............................$ 4 ,1 8 2 ,1 3 4
$ 3 ,9 7 0 ,6 7 8
1 1 0 ,2 4 3
N e t r e n t a ls p a i d ___ . . . — _____
1 0 9 ,7 0 5
1 1 4 ,8 6 1
N e t imt. o n d e b t (le s s o t h e r in c .) 1 ,3 4 3 ,0 9 7
1 ,3 4 4 ,4 7 8
1 ,8 6 4 ,4 8 3
(7 )7 8 7 ,9 7 0
Div. OB prof, s t o c k .. ..................(7)787,976
(7 )7 8 7 ,9 7 6
(5 )9 2 7 ,7 5 0
(5 )9 2 7 ,7 3 0
D lv , o n c o m . s t o c k . . . . ___
(5 )9 2 7 ,7 5 0
5 0 0 ,0 0 0
5 0 0 ,0 0 0
A p p r o p r ia t io n f o r h n p ’ t s ..........
6 0 0 ,0 0 0

Surplus o f RR. C o....... ..............

$413,520

$182,399

$275,030

N e t fr o m la n d s a l e s ........ ..
$ 1 1 0 ,9 0 0
$ 7 1 ,0 1 1
$ 6 3 ,7 3 8
(V . 7 3 , p. 1 1 5 9 ; V. 7 4 , p. 0 2 7 , 1 2 5 0 .)
Clatc* a g o T e r m ! m i l T r i * i * * f e r l i l t , — P r o p e r t y . C o n s is ts o f
p a s s e n g e r an d fr e ig h t t e r m in a ls In c it y o f C h ic a g o , lin e s o f r a il­
w a y le a d in g th e r e to , a n d a b e l t lin e a r o u n d th e c it y . C o m p a n y
o w n s 7 6 0 a c r e s o f la n d 1n and a d ja c e n t to th e c it y , o f w h ich 5 0 a c r e s
a re In t h e c e n t r e o f th e b u s in e s s u ts tr ic t; a ls o in c lu d e s 7 ,5 0 0 f e e t o f
io c fo p r o p e r t y on C h ic a g o R iv e r , N e a r ly a ll la n d , In c lu d in g th a t u p o n
w h ich tr a c k s h a v e b e e n b u ilt, is o w n e d In fo e . T r u c k o w n e d , 0 0 m ile s;
le a s e s fr o m C h ic a g o J u n c t io n Hy.* i l m ile s; t r a c k «*<■, 7 m ile s, t o t a l,
108 m ile s; 2d t r a c k , 5 4 m .j s id in g s , 1 1 1 in.; to t a l all tr a c k s . 2 7 3 m ile s
H i s t o r y . A r e o r g a n iz a tio n in J u n e , 1897, o f C h ic a g o
N o r th e r n
p a n tile an d ( T ie , A <.'uhiim-t T e r m ,, p is t il V . f i h p. h KH, - 9 8 . In F o b .,
1 9 0 1 , I fa r d in a n s y n d ic a t e a c q u ir e d c o n t r o l - V. 7 2 , p. 24 1 ,5 8 0 .
T e n a n t s . B a lt, < O h io , C h ic a g o G r e a t W e s te r n , C h i c a g o H a m m o n d
fe
< W e s te r n , S u b u r b a n R R . C o. o f C h ic a g o ,
V
In 1HO8 0 0 th e Ht, L ou ts
P e o r ia A. N o r th e rn R y . C o , (see Chicago Si A l t o n ) c o n t r a c t e d to Imp
c o m e a te n a n t u n d e r a 911 y e a r le a s e , b u t s u b s e q u e n tly E d w a r d II.
! la n d m a n , J a c o b it , Hohlff, J a m e s 81.111 m an and u e o rg e . J. G ou h l a g r e e d
that on o r b e fo r e J a n , 1, 100 t, “ t h ey will c a u s e th e * h lc a g o «V A lto n
,
HP*. O o .# o r s o m e o t h e r c o r p o r a t io n s a t is fa c t o r y to th e t e r m in a l (join
p a n y an to r e s p o n s ib ilit y , to Im em ne th e s u c c e s s o r Jo th e HI.. L o u is
C o m p a n y as le s s e e W id er s a id le a s e o f O ct. 1, IH 08 .” V* 0 8 , p. 1 2 2 5 ;
V, 0 9 , p. 7U3; V, 7 1 , p, 6 5 2 . in Novy, 1 9 0 1 , the L a k e S h o r e & M ich Ho,

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JJATLROAD STOCKS

Ju l y , 1902.]

AN D

43

BONDS.

ikmet*—Princi­
INTEREST OR D IV ID EN D S
Miles Date Size, or
pal,When Due.
Amount
of
of
Par
Rate per When Where Payable, and by Blocks—Last
For explanation of column headings, Ao., see notes
Whom.
Road. Bonds Value. Outstanding Cent. Payable
Dividend.
on first page of tables.
RAILROADS.

Chicago < Western Indiana—Stock (see te x t )........
£
48
1st mort., gold, sink, fund, subject call at 1 0 5 .o*
48
General mort., gold, sinking fund, see t e x t .......o*
Consol, mortgage, $50,000,000, gold.....................
Chicago < West Michigan—See P e r e M a r q . R R .
£
Chicago Wisconsin & Minnesota—See W is c o n s in C E N T R
Choctaw <•Memphis—See C h o c . O k l a h . & G u l f .
£
Choc. Oklah. < “
&Gulf RR.—Com. stock. $10,000,000 . . . .
Preferred stock, 5 per cent cum ulative................. . . . .
General (now first) mort., $5,500,000, gold — c* 283
Choc. A Mem. 1st M , $3,750,000, ass’d.GP.-C&r 282
....
L.Rock B ’ ge 1st M ., ass’d. g.. red. (te x t)...G P .c *
....
Consol. M. (see text), $30,000,000, g o ld .G P ,..c *
....
Car trusts, gold, $50,000 Oct 1, y e a rly ....G P .c*
....
Ser. B, $70,000 s.a.to Aug.’06tben $ '5 ,0 0 0 .G P
Ser. C., $1,750,000, A pr.,y’rly,begin’ g 19 03.G P
67
White A BL Riv.Val., 1st M., g . int. gu., e n d .F .o '
Cin. Dayton & Ironton—See C i n . H a m . & D a y t o n .
42
Cincinnati Georgetown dt Portsmouth—1st M., g.o*
Cincinnati Hamilton < Dayton—Common sto ck ....
6
Pref. stock, A A B, 4 p.c. cum., guar, (call at par) . . . .
do
“ E ag le” 4 p.c. cum., guar, (call at par) ....
....
New preferred 5 per cent non-cum., $8,000,000..
60
Consol, mort. (now 1st) $ A £ , sink. fu n d ...U s.c*
60
do
do
$376,000 are 5 p. c.c*
69
Second mortgage, gold........................................... c*
....
General mortgage, $7,800,000, gold.......... M e.o*
95
Cin. Dayton A Chicago, 1st m ortga ge..................
Cin. Dav. A Iron., 1st M., g., gu (assumed) ..Ce.o* 164
99
Cin. Hamilton & Indianap.—1st M., guar. p. A i . . .
99
General mort. for $3,800,000, gold, to be g u a r...

1879
82-92

$100
1,000
1,000

....
....
1894
1899
1899
1902
1900
1901
1902
1900

50
50
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000

Office, Chicago, 111.
9,827,500 4is in ’01 A. AO .31
do
do
6,000,000 5 in 1901 A .A O 3 1
Philadelphia, Pa.
5,500,000
5 g. J. & J.
3,525,000
5 g. J. A J. Philadelphia and N. Y.
do
do
375,000
6 g. J. A J.
do
do
5,062,000
5 g. M. & N.
200,000
5 g. A. A O. Phila., Girard Trust Co.
do
do
860,000
5 g- F. A A.
do
do
1,750,000
4is g. A. A O.
500,000
5 g. J. A J. N. Y ., First Nat’l Bank.

1902
....

1,000
100
100
100

1875
1875
1887
1892
1892
1891
1873
1893

1,000
1.000
1,000
1,000
1,000
1,000
1, >00
1,000

See text.
5 g. J. A J. Unions.Bk.ATr.Co.,Cin Jan. 1, 1927
Cincinnati.
8,000,000
do
612,100 4 in i9 0 1 Q .- J .
July 1 ,’0 2,1 %
do
June,1902,1%
462,400 4 in 1901 Q .-M .
do
6,925,500 5 in 1901 Q .-F .
Aug. 8 ,’02, l t i
927,000
A. A O. N.Y.,Kessler<fcCo54WalI Oct. 1, 1905
7
do
do
1,668,000
Oct. 1, 1905
5 A 6 A. A O.
do
do
Jan. 1, 1937
2,000,000
4 isg. J. A J.
3,000,000
5 g- J. A D. N.Y., Blair ACo.,33WaU June 1. 1942
1,200,000
4
A .-O . N. Y. .Kessler ACo54W all A pr. 1, 1942
do
do
May 1, 1941
3,500,000
5 g. M. A N.
7
J. A J. N.Y. .Kessler ACo54W all Jan. 1, 1903
1,800,000
See text.
5 g. J. A D. Treas.,office, Cincin., O. June, 1943

....
....

a r e r e s e r v e d to r e t ir e th e a s su m e d b o n d s ; $ 2 ,1 9 5 ,0 0 0 f o r n e w p r o p e r t y .
L a t e s t E a r n i n g s - 11 m o s .) 1901-2.Gross, $1,488,103; net, $680,514

> 1900-1.Gross,

Chicago.
July 1, ’0 2 ,1J*
6
Q .-J .
6 g. M. A N. N. Y., J.P.M organ A Co. Nov. 1, 1919
do
do
Deo. 1, 1932
6 g. Q.—M.
50 years.

AL.

Chic.,R . r. & Pae and N. Y. Chic & St. Louis made contracts pend­
ing repairs to their old station.—V. 73, p. 1111.
S e c u r i t i e s .—Stock—S I 3 ,0 0 0 ,0 0 0 c o m m o n a n d $ 1 7 ,0 0 0 ,0 0 0 4 p. c.
n o n -c u m u la tiv e p r e f. Bonds—O f th e $ 1 6 ,5 0 0 ,0 0 0 1 s t 4 s, $ 1 ,3 0 5 ,0 0 0
July 1 to May 31.

$5,000,000
145,000
9,868,666
N’ne J’ne,’02

1,300,799; net,

626,257

R e p o r t .—R eport for year ending June 3 0 ,1 9 0 1 , given at length in
V . 7 3 , p. 7 3 8 , shows gross, $ 1 ,4 3 0 ,9 9 0 ; net, after deducting taxes,
$ 6 0 3 ,3 2 2 ; interest, $ 5 9 1 ,2 0 0 ; bal., sur., $ 1 1 ,4 2 2 .

Pres, and Gen. Mgr., J. N. Faithorn. Chicago, 111.; Sec and Asst.
Treas., W. T. Wisner, 2d, 30 Broad 8t., N. Y .—(V. 73, p. 783,1111.)
C h ica g o U n io n T r a n s fe r R y . - Y . 72, p. 872; Y. 73, p. 1207.
C h ica g o 6c W e s t e r n I n d ia n a R R . —Owns a valuable terminal
system of roads affording entrance into Chicago to the roads named
below. Its lines extend from Dearborn 8tation, Polk Street, Chicago,
to Dolton, 17 miles, also to Indiana State Line, 10 miles, to
Cragin, 16 miles, and to South Chicago, 5 miles ; total, 48 miles; total
track, including 2d, 3d, 4th tracks and sidings, 220 m ile s; also owns
about 900 acres of real estate, passenger and freight yards, warehouses,
elevators, etc. The Belt Ry. of Chicago leases and operates 76 miles of
the 220 miles owned b y the Ch. A W. I., its securities being all held by
the companies leasing the Chicago & W. I.; see V. 60, p. 1058.
L e a s e s .—This com pany’ s road and terminals are leased under per­
petual contracts to the Wabash, the Chic. & Grand Trunk, the Chicago A
Eastern Illinois, the Chicago & Erie and the Chicago Indianapolis A
Louisville, each of which five companies owns $1,000,000 stock. They
are also leased to the Atchison, the Elgin Joliet & Eastern and the Belt
Railway. The annual rentals must always exceed by at least 20 per
oent the interest on the bonds outstanding.
D iv id e n d s .— ) ’ 92-94. ’95. ’ 96. ’ 97. ’ 98 ’ 99. ’00. ’01.
1902.
P e rce n t.
$ 6 y ’rly. 7 1
s
6
6
6
6
6
6 In c. J u ly ,4 ^
B onds .—Slnkingfundpaym entsfam onntingin year 1901 to $219,000)
annually retire a portion of the first m ortgage bonds at 105 and inter­
est, and after they are all drawn the general m ortgage bonds become
subject to same sinking fund and will be drawn at same price in su oh
annual amounts as will retire the debt by maturity. Of the consols
a u th o r iz e d in 19 01 , a p o r tio n w ill be issu ed t o pay for tr a c k e le v a t io n
an d o th e r improvements, su fficien t of th e balance to be r e s e r v e d to
r e tir e o ld b o n d s o u ts t a n d in g .— Y. 73, p. 31.

Apr. 30,’02,3%
A pr 30,’02,2ifl
Oct. 1, 1919
Jan. 1, 1949
July 1, 1919
May 1, 1952
To Oct., 1905
To Aun., 1908
Apr.. 1903-’ 10
J une 30,1980

mile o f railroad now owned or hereafter constructed, an amount
equal to the outstanding gen. and C. A M. 5s being reserved to retire
the same. Y. 74, p. 151. In May, 1902, $1,^27,000 was issued to
purchase the Choctaw Northern RR. A fter 1902 the Little Rock Bridge
6s are subject to oail at 105 for sinking fund o f $20,000 yearly.—
(V.71, p. 602.) Car trusts, see table above and V. 73, p. 1312,1356; V.
74, p. 727.
L a t e s t E a r n i n g s .— For 3 months, Nov. 1 to Jan. 31:
Oross
Net
Fixed
Balance,
3 months—
ear nines, earnings,
charges, mcl.m ines
1901-2................................... $1,428,161 $572,653 $159,027 $402,523
1900 1 .................................. 1,087,913
545,103
129,957
434,940
R e p o r t .—R e p o r t f o r 1 9 0 0 -0 1 in V . 7 4 , p. 1 4 9 , 2 0 3 , 21 2.
Tear end.
Gross
Gross o f
Net
Interest
Balance,
Oct. 31— o f railroad.
mining.
o f both.
and taxes, for year.
1901 ......... $4,611,351
$655,462 $2,025,044 $607,419 $1,417,625
1900......... 2,7c2,019
741,486
1,228,738
497,834
730,904
Average miles operated, 643 miles in 1900-01, against 565 in l8 9 9 -0 0 .
From surplus above shown were paid dividends as follows: In 1900-1.
on pref., 5 p. C. ($300,000), and on com mon 4 ^ p . c. ($320,000), and
$120,000 for equipm ent renewal funds; in 1899-0, on pref. 5 p. o.
($248,382), and on com m on 4 p. c. ($184,745) and $75,000 for equip­
ment renewal fund. Coal output In 1900-01, 448.497 tons Pres.,
Wm. B. Leeds; Sec., Geo. H. Crosby; Treas., F. E. Hayne. Directors
May, 1902. V. 74, p. 9 8 6 ,1 3 0 7 —(V. 74, p. 986,1195, 1307, 1354.)
C in c in n a ti G e o r g e to w n 6c P o r ts m o u t h R R . —See S t r e e t

R a il w a y S u p p l e m e n t .

C in c in n a ti H a m i lt o n 6c D a y to n R y .—(Nee Map.)—Operates a
direot line between Cincinnati and Toledo, Ohio, with branches to
Indianapolis, Ind., and Ironton, on the Norfolk A Western, etc.
H i s t o r y , E t c .— In July, 1 8 9 5 , consolidated with the Cin. Dayton
& Ironton and Cin. D. A Chicago under the name o f Cin. Ham. & Dayton
Railway. V. 60, p. 1104; V. 61, p. 68. Indiana Decatur & Western
is operated in connection with the C. H . A D. system. V. 61. p. 1064.
Since Nov., 1901, the Findlay Fort W ayne & West. Ry., Findlay, O., to
Fort W ayne, Ind., 80 miles, has been operated for its owners. The
bonds of the Findlay road have not been assumed.—V. 73, p. 1111.

Road owned—(V See this Oo.)Miles.

Proprietary roads—

Miles.

Cincinnati to Dayton, 0 ............ 60 Cincinnati Hamilton A Ind. ..If 99
R e p o r t fo r 1 9 0 0 w a s in
Dayton to Deans, O ..................176 Cincinnati A D ayton................. 14
V. 7 2 , p. 11 85 . In 1 9 0 1 , g r o s s in c o m e , $ 9 0 6 ,3 8 2 ; in te r e s t, e t c ., $ 6 2 5 .
Dayton to Delphos, O............... 98 Columbus F in d la y & N o rth e rn . 18
70 1; d iv id e n d s , $ 3 0 0 ,0 0 0 ; bah, d e fic it, $ 1 9 ,3 1 9 .— (V . 7 4 , p . 62 9.)
T ra ck a ge......................r............. 13 B o w lin g G re e n R R ..............
21
C h i c a g o 6c W e s t M i c h , —S ee P e r e M a r q u e tte R R
P iq u a & T r o y B r a n c h ........ .........
8
Operated—
R o a d s le a s e d —
C h i c a g o W l s . 6c M i n n . —S old in 1 8 9 9 to W is c o n s in C e n tr a l R y .
C h i h u a h u a 6c P a c i f i c R R , —C o m p le te d A p r ., 1 9 0 0 ,fr o m C h ih u a ­ Dayton & Michigan................ 1J142 IfFindlay.O., to Ft.Wayne. Ind. 80
Home A venue R R ...................... 3
hua, M e x ic o , to M in a ca , 12 5 m ile s. S u b sid ies b y M e x ic a n G o v e r n ­
Total o f all............................. 732
m e n t in its 5 p e r c e n t In te r io r sin k in g fu n d b o n d s a re: O n 125
m iles c o m p le t e d (a lr e a d y r e c e iv e d ), $ 1 ,4 0 0 ,0 0 0 ; on s e c o n d a n d th ird
O w n s jo i n t ly w ith C le v . C in n . Oh. & St. L. th e D a y to n A U n ion . A n
section s w ill a g g r e g a te $ 4 ,7 5 0 ,0 0 0 .
T h e se su b s id ie s w e r e in O c t.,
e x te n s io n o f th e I n d ia n a D e c a tu r A W e s te r n , fr o m D e c a tu r to S p rin g 1900, tr a n sfe r r e d to K . C. M. & O fr o m C h ih u a h u a to P a c ific C oa st,
field , 42 m ile s , w a s c o m p le t e d in M a y , 1 9 0 2 .—V . 7 2 , p . 1 2 3 6 .
ti e K. i M & O h a v in g a f 0-s ea r tr a c k a g e a g r e e m e n t o v e r th e e n tir e
S t o c k .—N ew p r e fe r r e d is e n tit le d t o 5 p e r c e n t , th e n c o m m o n to 5
line See K . C . M. A O. sta te m e n t an d V. 7 1 , p. 181. S to ck is $ 2 ,p e r c e n t; th e n b o th sh a re e q u a lly . V . 6 9 , p , 1 3 0 0 .
50 0,00 0, all issu ed. N o b o n d s is su e d to J a n ., 1 9 0 2 .— (V . 60, p. 5 7 3 ; V.
D iv id e n d s s in c e c o n s o lid a t io n —
N o v ., 1 8 9 5 to A u g ., 1 9 0 2
71, p. 181.)
N e w p r e fe r r e d , issu ed in 1 8 9 5 .................................
5 % y e a r ly (Q -F)
4 h o c t a v v 6c M e m p h i s R R . — S ee C h o c ta w O k la h o m a & G u lf R R .
B o n d s ,— G e n e ra l m o rt. c o v e r s th e p e r p e tu a l le a s e o f th e D a y t o n *
C h o c t a w O k l a h o m a 6c G u l f H R . - — ( B e e M a p . ) — O p e ra te s :
M ich ig a n , th e p r o fits u n d er w h ich a r e la r g e . V. 5 4 , p . 7 9 9 ; V . 5 5 , p. 37 3.
Rond, O w n ed —
M R es,
H o t S p r in g s ,A r k .,to M a lv e r n
40
T h e s t o c k h o ld e r s v o t e d on D e c. 1 1 ,1 9 0 0 , t o a u th o r iz e a r e fu n d in g
Say r e ,.0 ,T ., to A mar illo , T e x . 7 6 0
L ea sed —
m o r tg a g e a t n o t e x o c o d in g 4 p e r o e n t to ta k e c a r e o f th e m a tu rin g
H a ile y v llie , f .T ., to A r d m o r e . 116 W hite A B la ck R iv e r V a lle y ,
In d eb ted n ess and c o n v e r t th e fix ed le a se h o ld an d o th e r o b lig a tio n s ;
S h aw n ee, J .T ., to A h e r ........
25
B r in k le y to J ’ k so n p o r t,A r K .
64
to p u rc h a s e r a ilr o a d s h e ld u n d e r le a s e o r o p e r a t in g c o n t r a c t ; a lso to
G ea ry, O. T ., to A l v a an d
r e d u c e tiic, in te r e s t o n the Cin. D a y to n & C h ic a g o tr e a s u r y b o n d s from
A n th o n y , K an .......... ........ 1 3 7
T o t a l .................. .......................... 1 ,1 4 2
5 to 4 p e r cen t an d sell th e s a m e .—V. 7 1 , p, 1 0 1 2 , 1219; V. 7 3 , p, 840.
In J u ly , 1 9 0 2 , e x te n s io n w as u n d e r c o n s tr u c tio n fr o m G u th r ie to
G u a r a n t ie s .—G u a ra n te e s s e c u r itie s o f Gin. H a m ilto n & Ind. a n d
the m ain lin e a t o r n e a r H a lle v v llle , L T ., 17 0 m iles, w ith b r a n c h to
D a y ton A M ich ig a n ; a lso $ 9 3 3 ,0 0 0 In d ia n a D e c a tu r & W e s te rn first
Sh aw n ee, 3 0 m iles, th e M u c ta w O k la h o m a a G u lf R a i l w a y b e in g in
5s. V. 0 9 , p. 7 9 5 . A s to c o n t r o l o f C in. N. O. & T . P ., see th a t Co.
co rp o r a tn d w ith $ 1 ,0 0 0 ,0 0 0 s t o c k to b u ild th e e x te n s io n . V. 7 4 , p
R e i 'O r t , - . F isca l y e a r e n d s J u n e 30. R e p o r t In V. 7 3 , p. 8 3 0 , sh o w e d :
1195,
T e a r e n d . J u n e 30—
1001,
1000
18 99 .
H ist o r y -, -A r e o rg a n iz a tio n o f the C h o c ta w C oal A R a ilw a y C o., s o ld
G ro s s e a r n in g s ......................................... $ 5 ,8 3 7 ,9 1 0 $ 5 ,7 3 5 .5 3 0 $ 5 ,2 4 l ,50 3
hi fo r e clo s u r e B ep t.9, 1894. H o ld s v a lu a b le c o a l lea ses. T h e C h o cta w
Net. e a rn in g s ........................................ 1 .8 0 0 ,0 0 2
1 ,7 2 8 ,8 4 -'
1 ,5 8 2 ,0 9 7
A. M em ph is KK,, fo r m e rly lea sed , w as m erg ed In J u n e , 1900. V. 7 0 , p.
D e d u c t in te r e s t on b o n d s ............... $ 3 0 5 ,7 4 7
$ 8 4 0 ,9 7 0
$84 0 ,9 7 0
911. 'riic W h ite A B la ck R iver Viil, R R is le a se d lo r »<) y e a r s from
D lv. p r e f, sto ck I). A M. R R .........
9 0 ,0 0 0
9 0 ,0 0 0
9 0 ,0 0 0
July l , 19 00 , interest, on $ 5 0 0 ,0 0 0 five i> *,r c e n t b o n d s lining g u a ra n
Id v . corn. Stock i>. & M. R R ........
8 4 ,0 0 0
8 4 ,0 0 7
8 4 ,0 0 7
teed fo r tlr-'t ten y e a r s an d on $ 6 0 0 ,0 0 0 th e re a fte r. V. 7 2 , p- 189l>lv. c o m . sto ck H om e A v o. H R .
2 ,9 2 4
3 ,2 1 9
3 ,4 0 0
in J u n e , 1 9 0 2 , all except. $ 1 7 0 ,6 0 0 eon j. and $ 5 6 ,4 5 0 pref. s t o c k w a s
D lv . p r o f, s o c k O. II. A D , Ky . .
8 8 9 ,2 1 1
3 8 7 ,1 3 8
3 8 0 ,3 4 0
a cq u ire d b y the C h ic a g o Rock Isla n d A P a cific R a ilw a y Co,, th e
m in ority s to ck b e in g offered the. - aim: price, viz,, $ J 0 per „dtnr<- fo r the
T o t a l ................................................... $ 1 ,4 3 8 ,8 1 8 $ 1 ,1 1 8 ,2 9 4 $ 1 ,4 1 1 ,7 3 7
Com m on and $ 6 0 fo r the p r e fe rr e d . Bee V, 74, (>. 7 7 5 , and a lso p. 820
$ 3 1 0 ,5 5 4
$ 1 7 0 ,3 0 0
980, 1364. T h e S to ck h o ld e rs v oted on M ay 8, 1!)02, to p u rch a se the | S u r p lu s ............................... ...................... $ 3 0 7 ,1 5 4
C h o cta w N orth ern R R ., 137 m iles, and Hie Hot, Hprlnga R R ., H o t
B ros., M. 1>. W o o d fo r d , C in cin n a ti, o . (V, 73 , I>. 8 3 9 , IO01, U U .
Springs, A rk ,, to M a lv ern , w ith e x te n s io n to B en ton , -Hi m iles. L e e
C i n c i n n a t i H a m i l t o n 6c I m i l i u m p o l l * I t j . — (Bee. M a p V. It.
V. 7 3 , p, 7 2 2 .) V . 7 4 , {>. 829,
,e D .) O w n s H a m ilto n , O h io, west, to In d ia n a p o lis , in d ., 99 m iles.
D iv id e n d s .—On p ref : 1898 to 1902, 5 p, o. yea rly. On com m on , 2, C om m on stuck ($ 2 ,5 0 0 ,0 0 0 ) l« all o w n e d by th e C iticlm iaU H am ilton
Oct,, 1999; 1900, 4 ; 1901, A pr,. 2; Oct,, 2hj p. o. cash, and also a 10 < . Hay ton . V. 57, p. 144, p r e fe rr e d non c u m u la tiv e 7 p e r o e n t st o c k ,
v
p. o. distribution in corn stock. In 1902, Apr., 3 p. e.
$ 2 8 1 ,079. Tim first m o r tg a g e b o n d s a rc g u a ra n te e d b y th e O. H, A l>.
B o n d s . -T h e c o n s o l, m o r tg a g e Of 1902 Is fo r the a u th o rize d a m ou n t
(a u th o rize d $ 2 ,5 0 0 ,0 0 0 ), b u t $ 7 0 0 ,0 0 0 . u n d e r an agreem ent, o f 1880,
Of $ 1 ,0 0 0 ,0 0 0 on th e c o a l p r o p e r t ie s and $ 1 5 ,0 0 0 p e r m ile fo r e a ch
w ill n o t lie issu ed . G e n e ra l 5s, $ 1 ,3 3 3 ,0 0 0 , Issued, In treasu ry .
A n n u a l R e p o r t —F is c a l y ea r e n d s D e o . 3 1 .

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KAILROAD

Ju l y , 1902. J

STOCKS

AND

47

.BONDS.

Bcmefs—Princi­
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal, When Due.
Amount
of
Rate per When Where Payable, and by Stocks—Last
of
For explanation of column headings, Ac., see notes
Par
Whom.
Dividend,
Road. Bonds Value. Outstanding Cent. Payable
on first page of tables.
RAILROADS.

30
Cincin. dtlnd. West.—1st M.,$600,000 call. text.O B .
Cincinnati Lebanon & Northern—1st mortgage. 0
38
Oin.dt MuskinqumYal.RR.—lstM .$2,000,000,g. Fo* 148
C N. O <■T. P. Jc., pref. St,, 5% cum., $3,000,000.
£
Cincinnati Northern—ls t M ., $3,000,000, g.G.c'& r
Cin. Richmond <■Ft. W .- 1st mort., gold, int. gu.o*
£
86
Cin. Rich, d Ylun.—1st M.. $10,000 p. m., g.O B .c* 168
t:
fThirago
CJinrdTi. 1st M .t
0,000, g. call, t,pixt..
50
Clearfield dt Mahoning—Stock, 6 per cent rental..
26
1st mortgage, gold, guar. B. R. A P .......... G.o*<fcr
....
Olevel'd Akron & Oolumb.—Stock, $4,000,000........
Gen. m orteage (now 1st,) g .................................... 0 177
1st consol.M ., $4,000,000, gold, s. f., see te x t___
138
C leveland C in cin n a ti C hicago & St. L o u is —
....
Common stock ($28,700,000 authorized). ..........
....
Preferred stock, 5 per cent, non-oumulative.........
C. I. St. L. A C. con. M ..draw n atl05, s.f. 1 p. 0 . 0’' 175
Gen. lstM .. $10,000,000 g .,s.f. not dr’n.Ce.c&r . . . .
391
d e v e . Col. Cin. A Ind. ConsoL mort. (see te x t)...
Gen. consol, mort. ($12,000,000) gold..U 8 .o*<fcr 391
72
Indian A St. L. 1st M., in 3 ser. of $667,000.U s . 0
2d M. ($2,000,000), gold, Indianap. to Terre H 0.
72
62
CLCln.Ch.ASt.L., White Wat. Val. Div, 1st, g.C e.o'
Spr. A Col. Div. (Col. 8p. A Cm.), 1st M., g.Ce.o*
45
Cairo Division 1st M., $5,000,000, gold ..C e.o* 267
St. L. Div., coll, tr., g. ($351,000 in s. fJC e.cA r 194
Cin. Wab. A Mich. Div. 1st mort., gold .. U s .o 1 203
"
Gen. mort. lOOyearfor $50,000,000 g .M e .o ’ &r 1,808
Obligations fo b P b o p b ie t a b t L ines .
....
Cincinnati Sandusky A Cleveland—Pref. s to ck ...
Consol, (now 1st) M. ($3,000,000) g o l d ...A B .o
170
Car trusts, payable m onthly..................................
Lonlsv. A Jeffersonv. Bridge 1st M.—See that Co.

1902
1886
1898

$ 1,000

1901
1871
1900
1902

1,000
1,000
100
1,000
1,000
1,000

50
1893
1,000
....
100
1887 500 Ac.
1900
1,000

1888
1900

50
1,000

C i n c i n n a t i N e w O r l e a n s & T e x a s P a c i f i c R y . —R o a d .— O p e r ­
a tes C in c in n a ti S o u th e r n B y ., C in c in n a ti to C h a tta n o o g a , T e n n .,
3 3 6 m .; tr a c k a g e , 2 m . L e a s e Cin S o R R . o w n e d b y c it y o f C in cin n a ti.
In 1901, le a s e w as e x t e n d e d 60 y e a r s to O ct. 12, 19 66 ; r e n ta l u n d er
p re se u t te rm w a s m o d ifie d b e g in n in g J u ly 12, ) 9 0 2 , to $ 1 ,0 5 0 ,0 0 0
y ea rly , th e r e m a in in g $ 5 0 ,0 0 0 p e r q u a r te r to be d e fe r r e d as It a c c r u e s
and to be p a id q u a r te r ly a t r a te o f $ 4 0 ,0 0 0 y e a r ly , w ith in rerest o n
d e fe r n -d p a y m e n ts at 3 p e r c e n t; r e n ta l u n d e r r e n e w a l to b e $ 1 ,0 5 0 ,00 0 y ea rly fo r first 20 y e a r s , th en $ 1 ,1 0 0 ,<j0 u f o r 2 0 y e a r s, th e r e a fte r
$ 1 ,2 0 0 O O .-V 7 3 , p. 7 2 2 ; V. 7 4 , p. 12 5 1 .
P re fe rre d s t o c k , 5 p. o,
cum ., $ 3 ,0 0 0 ,0 0 0 , h as been a u th o r iz e d , w ith n o v o t in g p o w e r , b u t p r io r
righ ts on d is so lu tio n . O f th is, th e $ 2 ,0 u 0 ,0 0 u t o b e ls s u c d fo r Im p ro v e ­
m ents u n d er e x te n s io n o f th e le a s e w a s o ffe re d a t p a r p r o r a ta to th e
holders o f th e c o m m o n s to ck , th e re m a in in g $ 1 ,0 0 0 ,0 0 0 to b o r e s e r i e d
fo r fu tu re req u irem en ts. Y. 7 4 , p . 5 2 8 , 82 9.
stock , c o m m o n . $ 3 ,0 0 0 ,0 0 0 , c o n t r o lle d iu in te r e s t o f S o u th e rn R y .
and Oin ..m a il H a m ilto n A D a y to n R y , V . 6 1 , p. 2 6 ; V. 65, p. 11 73 .
Car tru sts
m e 3 0 , 1901, $ 2 2 2 ,4 4 7 ,
L a te s t E a r n s . - 1 i m os,, (1 9 0 1 -2 .G ross, $9,149,803;fnefc, $1,30 2 ,7 5 8
J u ly 1 to May 31.
> 1900-1 .G ross, 4,005 ,0 1 7 ; net, 1,184,495
A nn da I R e s o r t .- R eport fo r I f 0 0 1 was In V. 73, p. 1354, sh ow ­

ing, gross, $5,045,596; net, $1,299,827, (against $ 1 ,4 3 1 ,6 5 7 in
1899-00); rentals, $1,102,000; interest, $18,605; balan ce, su rp lu s,
$179,132. agst. surplus $322,724 In 1809 0 .- ( V .7 4 , p. 727, 829, 1251.)
< l i x l n n U N o r t h e r n l i l t . — ( See M a p C le v e la n d O in . O k ie/.n o
O w n s from F ra n k lin , O ., to J a ck urn, M ich ., 2 0 5 m ile s ; tr a c k ­
age (O. C. C. A Ht. L .), F ra n k lin to C in c in n a ti, 4 2 m.
fd. L .)

nticeessor in June. 1897, o f C incinnati Jackson A M ackinaw , fo re ­
V. 6 , p. 621; V. 72, p. 338, 1034, 1 135; V. 73, p. 81.

closed.

In J u ly , 1901, President. In g a lls o f th e C le v o . C inn. Otilo. A 8t. L ou is
was el«ct* d President, con tro l h avin g been acqu ired by or In the in ­
terest of that road. The h oldings o f Clev. (fin. 0 h A Ht. L. are valued
In balance sheet of .June 30, 19 0 1, at, $877,852. -V 78. p. 187, 497.
8 t o (. k . reduced to $3,00 ,00o from $ 6 ,8 0 0 ,0 0 0 In Hem., 1901.
B o n o s —In Sept,, 19 01 , m a de a b o v e m o rtg a g e . V. 73, ft. 783.
R e p o r t . F or c a le n d a r y e a r : In 1 9 0 1 , g r o s s , $ 0 8 9 ,2 8 8 ; n et, $ 8 9 ,5 0 1 :
In 1900, gross. 86 Mi,108; net,, $ 9 7 ,0 5 9 .

(V. 74, p. 320, 378 )

C l in-1 n m i 11 I t l i l i m n n t t A F u r t W a y n e H i t , —O w n s from 1
m o r a l , I n d . , to A d a m s, ( r i d ., 86 m ile s ; lea ses 5 m iles o f P. F W .
N ow o p e ra te d
(D eo,, 1 9 0 1 ), iiy G ra n d
R a p id s
A In d ia n a
,, *»•teresti «r aranlten rl IIv H e I en n sylva n ti
. . » .im *
*
IM
R ental, net ea rn in g s.
In *>t Isgn (Mwill by th P
,u rg
L.
jo in tly
and Pitts >urg (fin. C h ica g o A Ht I,. Go. Jointly (th e P G. O. ,v h
tftkimg th* nlftm* o f filli Itfti H a m {i tc»r> A ri*. y ton s,i i s
Hto oil
ta k in / the p la ce
the Gin. iTrcfTi ilton f. D a
In
7 0 9 ,3 1 3 par, $ 5 0 ,
o f w h ich
Penn. Co. Jan
1, 1902, o ’v
$ 1 ,2 8 0 ,9 0 0
Due g u a ra n tors J a n . 1. 19 02 , $ 1 ,3 8 t,8 7 7
T e a r etui. ttec.Al.
Year e t u i. t l r e . A l

l/rnss
Dross.

1901 .................... $ 5 6 0 ,2 0 0
1 9 0 0 . . , . . . , . . . , . . . 5 1 4 ,1 1 3

v«;
ffet.

$ 1 3 1 ,0 0 5
1 2 1 ,7 3 9

r . . i ____ _
[ nte.re sl.dr,.

5 gJ. A J. Cinn., Cen.Tr.AS.D.Co.
5
1,500,000
4 g- F. A A. N.Y., Farm. L. A Tr. Co.
Q .-M .
2 , 000,000
Cincinnati.
i;o o o ;o o o
4 g- J & J. N. Y „ Guaranty Tr. Co.
1,800,000
7 g. J. A D. N. Y ., Winslow. L. A Co.
1 .680,000
5 g. A. A O. Bost., O. Col. Trust Co.
5 g. F. A A.
See text.
750,000
6 8 J. A J.
Checks mailed.
650.000
5 g. J. A J. N. Y ., Guaranty Tr. Co.
4,000,000 See text. See text
1,800,000
5 g. M. A 8 . Hamilton Tr., B’klyn.
1,782,000
4 g- F. A A. N. Y., Winslow, L. A Co.
200,000

100 27,989,310 4 in 1902
....
100 1 0 ,000,000 5 in 1902
1880
6
1,000
682,000
1886 1 ,000 Ac 7,684,000
4 g=
1874
1,000
4,138,000 7 or 6 g.
1884
1,000
3,205,000
6 g1869
1,000
2 ,000,000
7
1882
1,000
500,000
6 g.
1890
1,000
650,000
4 g.
1890 500 Ac.
1,103,730
4 g.
1890
1,000
5,000.000
4 g1890 l.OOO&c 10,000,000
4 g.
1891
1,000
4,000,000
4 g.
1893
1,000 15,650,000
4 g-

E abnings .—I n year ending June 30, 1901, gross, $915,572; net,
$217,170; total deductions, $166,780; bal., surp. fo r year, $50,396.
C in c in n a ti Sc I n d ia n a W e s t e r n B B - Under construction
from Cincinnati, O., to a connection with the Cincinnati Richmond &
Muncie RR. (see below ) at a point in Butler County, on the State line
between Indiana and Ohio, about 30 miles. Stock increased May,
19 0 2 , from $500,000 t " $900,000. Bonds are subject to sail at 110
after 10 years.—V. 74, p. H 9 5 .
C in c in n a ti J a c k s o n < M a c k in a w R R .—See Cin. Northern.
fc
C in c in n a ti L e b a n o n Sc N o r th e r n R y .—Cincinnati, O., to
Dodds, 36 miles; branches, 2 miles. Controlled by Penn. RR. inter
ests. Operated from Oct. 1,19 01 , by Pitts. Cincin. Chic. & St. Louis
Ry. V. 3, p 662. The stockholders were to vote on July 10. 1902,
on purchasing the M iddletown A Cincinnati R R ., M iddletown to Mid­
dletown Jet., 14 miles. Y. 74, p. 1251. Stock authorized, $1,000,000:
outstanding, $993,000. Consolidated mortgage bonds for $500,000
were authorized to retire first m ortgage bonds and for improvements,
all in treasury Bills payable issued to retire “ special m ortgage bonds,”
$120,000. Year ending Dec. 31, 1901, gross, $180,803; net, $33,896;
charges, $15,090 - ( V . 73, p, 662; Y. 74, p. 1195,1251.)
C in c in n a ti Sc L ic k in g R iv e r R R , - B rooksville to W ellsburg,
10 miles, and Hillsboro to Johnson, 17 miles. In Aug, 1901, under
construction from Brooksville to Johnson Jet., 28 miles. Extension
also proposed in 1902 from Hillsboro to Morehead, 20 miles, making
75 miles in all. Stock, $200,000. All old bonds wall be retired. Vice
Pres, and Gen. Mgr., Y. Alexander, Brooksville, K y.—(V. 70, p. 1194.)
C in cin n a ti Sc M u s k in g u m V a l le y R R .—(See map o f Pittsburg
Cincinnati Chicago dt St. L ou is.)—Owns’ Morrow. Ohio, to Trinway, O.,
148 miles. Successor on Aug. 1, 1898, to the Cm. A Musk. Val. Ry.,
foreclosed June 29, 1898, ana purchased in the interest of Penn. RR.
V. 67, p. 27. Of the bonds $500,000 are reserved for future needs;
sinking fund retiree yearly one per cent of those outstanding, if of­
fered at par or less. Stock, $2,000,000; par $ 10 0; all issued. Divi­
dends: 2 i). c., June 25, 1900; Dec. 31, 4 p.|c.; 1901, D eo.3 1 ,2p .c. Penn­
sylvania RR. owns $754,000 of $1,500,000 bonds. Y. 55, p. 1078.
E a k n is -g s . —Fiscal year ends Deo. 31. Report for 1900, V. 72, p. 984
Yr.end. Dec.31.
Cross.
Net.
Interest.
*Balance.
1901 ........................$571,032
$110,141
$60,000
$50,141
1900......................... 541,629
103,442
60,000
48,442
* In 1900 6 p. o. was paid from accumulated surplus. In 1901, 2 p. c.
($40,000) was paid.— V. 72, p. 9 8 4 .

Brest,, M E. Ingalls. Bee report, V. 70, p. <81,

See text.

Sola

$ 1 2 6 ,0 0 0

stir. $5

120,000

lief,4

428,997
2,571,000
See text.

1952
Jan., 1916
Aug. 1, 1948
July 1, 1951
June 1, 1921
Oct. 1, 1950
Feb. 1, 1952
July 1, 1902
Jan. 1, 1943
Mar. 25, ’02 ,1
Mch. 1, 1927
Aug. 1, 1940

M. A S. N.Y.,J. P. Moreau A Co. Sept. 2,’02,2%
do
do
July 21,’ 02,114
Q .-J .
M. A N.
do
do
May 1, 1920
Aug. 1, 1936
Q .-F .
do
do
J. A D.
do
do
June 1, 1914
do
do
Jan. 1, 1934
J. A J.
July 1, 1919
Various
do
do
M. A N.
Nov. 1, 1912
do
do
July 1, 1940
do
do
J. A J.
do
do
Sept. 1, 194©
M. A 8.
Jan. 1, 1939
do
do
J. A J.
Nov. 1, 1990
M. A N.
do
do
July 1. 1991
do
do
J. A J.
J. & D.
June 1, 1993
do
do

6
M. A N.
5 g. J. A J.
5

do
do

do
do

May 1, ’02, 3%
Jan. 1. 1928
To 1905

C in c in n a ti R ic h m o n d Sc M u n c ie R R . —Cottage Grove, Ind.,
to North Jud 8on, 168 miles; under construction from North Judson to
Hammond, Ind. (near Chicago), 50 miles. In connection with the
Cincinnati & mdiana Western RR. (see above) will form a through
line between Cincinnati and Chicago, probably under the name of the
Chicago & Cincinnati Ry. V. 74, p. 1195. Laid with 70-lb. steel rails.
Stock authorized, $3,450,000. Roth issues of bonds are subject to
call at 110 after 10 years from their date. See iffleial statement, Y.
71, p. 1066; V. 74, p 1195. President, W. A. Bradford Jr.; H«e. and
Treas., R oger N. Allen, 40 W ater St., Boston.—(V. 74, p. 150, 267, 528,
1195.)
C learfield & M a h o n in g R y .—(Wee Map B uf. Roch. dt Pitts.)—Owns
road, completed in 1893, from D u Bois June, Penn., on Buff. R & P.,
to Clearfield on Beech Creek RR., 26 miles. Leased during corporate,
existence and renewals thereof to Buffalo Rooheste 1 A Pittsburg—
which see—at a rental payable in gold and equal to 6 per cent on
$750,000 stock, par $50, and 5 per cent on bonds, thelatrter being guar,
p. & i., by Indorsement on each. -S e e V. 61, p. 710.
C le v ela n d A k r o n <k C o lu m b u s R a il w a y .—Owns from H ud­
son, 0 ., to Columbus, O., 144 miles; Dresden branob, Kilbuok to Trin-way, 33 miles; Apxfie Creek branch, 9 miles; coal sxmrs, 11 miles; total
owned, 197 miles; trackage rrinway to Zanesville, 17 miles.
Penn. Co. took control J u n e l, 1899, purchasing $2,237,500 o f the
$4,000,000 stock (par $ 100 ). Dividends, 2 p. e., paid Sept., 1901;
1902, Mar 25, 1 p. c Of the 1st consol gold 4s of 1900 commer­
cial Trust Co. of Philadelphia, trustee), $1,800,000 are reserved to
retire the gen. 5s due 1927. V. 71, p. 390. Report for year ending
June 30, 1901, was in Y. 73, p. °55. In calendar year 1901, gross,
$1,250,913; net, $322,435; other income, $5,753; charges, $162,601;
div. (2 p. e.) paid Sept. 10,1901, $80,000;bal., sur.,$85,537.—(V. 73, p.
9 >5.)
C le v ela n d C in c in n a ti C h ica g o Sc St. L o u is R y .-fS e e Map.)—
R o a d .— Operates a system o f roads radiating fr in Indianapolis,
Ind., westerly to Chicago, Peoria, Cairo, 111., St. Louis, and east­
erly to Sandusky. Cleveland, Columbus and Cincinnati, Ohio, and
southerly to Louisville, with branches. In July, 1901, control of the
Cincinnati Northern RR., Franklin, O., to Jaotcson, 'lich ., 205 miles,
was acquired by or in the Interest o f the comxiany. V. 73. p. 137, 497.
As shown on map the system com prises: H See this company.
Owned directly—
Miles.
Leased
controlled.
Miles.
Cleveland, 0 .,t o Colum bus,O.. 138 Cincinnati A Springfield Ry.—
Gallon, O., to Indianapolis....... 203
Lud.G’ ve( 6 m .fr.Cin.)toD ay’n 48
D e la w a r e to S p r in g fie ld ............. 50
a No debt, or bonds all owned.
C in cin n a ti to L a fa y e t t e ................ 1 7 5 Colurn, Hojte AGreensb’g RR.— 26
In d ia n a p o lis to T e r re H a u t e ___ 7 2
Trackage into Cincinnati, Ao. 32
H a r r is o n B r a n c h ...........................
7 Traokage into J efferson ville.> K~
Leased—entire st'k owned—
B. & O. 8 . W...........................£ 5 3
C incin . L a fa y e t te & ChJo. R y .— 5 7
C a iro V in c e n n e s A C hic. R y .—
C a iro, 111., to T ilto n & b r a n o h .2 6 7
St. L ou . D iv . T. H. to E. St. L .1 9 3
C olu m bu s S p rin g field & C in ,—
C olu m b u s, O ., t o S p rin g fie ld .. 4 5
W hite W a ter—H a r r is o n , D id., to

T o ta l in c lu d e d in e a r n s ... 1 .8 9 1

Operated; earns, kept separate—
P e o r ia A E a s t’ n R y (U>.—
K a n k a k e e A S e n e e a R R .—
M t. G ile a d S h o rt L in e ..............

352
42
2

Hagerstown, Ind...................... 62
T o ta l o f s y s te m J u n e 3 0 ,’ 0 1 .2 ,2 8 7
Cin. W abash & M ich ig a n R y .—
T r a o k a g e 01. C en t. In to O h io .. >
B e n to n H a rb . to K u sh v . A B r .2 4 9
O n p e r c e n ta g e b a s i s ............. J
O th er lin es ( a j .................................. 4 4
O p e r a te s h id o im n d e n tiy —
C in cin . S a n d u sk y A C le v e . R y .—
D a y to n A Uu, R R . (IT)..................
S a n d ’ sk y , O .,t o D a y t’ n ,O .e t0 .1 7 0 D o u b le t r a c k ................................... 6 0
T h e c o m p a n y is a lso o n e -fo u r th o w n e r o f P e o r ia A P ek in Uutoir R y .,
(th rou g h th e P e o r ia A E ast. R y .), o n e -s e v e n th o w n e r in T erm in a l R R .
A s s ’ n o f S t L ou is and tw o -fifth s o w n e r o f I n d ia n a p o lis U n ion Ry. an d
p a r t o w n e r o f D a y to n A U n ion , w h ich la o p e r a t e d in d e p e n d e n tly .
H i s t o r y , E t c .— a c o n s o lid a tio n o f th e C in cin n a ti In d ia n a p o lis S t.
L ou is A C h ic a g o R a ilw a y C o m p a n y , th e C lev ela n d C o lu m b u s C in cin ­
nati A In d ia n a p o lis R a ilw a y C o m p a n y and th e In d ia n a p o lis & at. lam ia
R a ilw a y C o m p a n y , m a d e In J u ly , 18 89 , p e r plan In V. 48, p. 4 2 7 . O f
th e c o m m o n s t o c k , ♦ 1 1 ,2 2 5 ,4 0 0 w as on J a n , l, 1901, o w n e d b y the
L ak e S h o re A M ich . Ho. R y., (Ids a m o u n t, to g e th e r w ith the p r iv a te
h o ld in g s In b o th s to c k s b y the V a n d e r iilit fa m ily , lu-ing u n d e r s to o d to
c o n s tit u t e a m a jo r ity o f th e e n tir e sh a re c a p ita l. ~V. 7 / , p. 80,
c a p i t a l S t o c k . On J a n . i , 1 8 9 0 , th e c o m m o n s t o c k w as $ 2 0 ,5 0 0 ,0 0 0 ; It has been In creased to p r e s e n t fig u re to acquit* s to c k s o f lin o s
a b s o r b e d , e tc. D iv id e n d s on c o m m o n s le e k w e re r esu m ed In 1900.
D lV’ liH.— ’ 9 0 fill ’ 0 2 ’ 93 ’ 9 4 ’ 95 '9 0 fi)7 '9 8 '9 9 ’ 0 9 ’o i
1902
O om . . ) 4 p. 0, 3
3
8
0
0
0
0
0
0
3 3 4
P r o f .. (
5
5
5
5
r>
5
5
2 fit 5 5 5 f* in c.J u ly ,3 iU
In 1901, o n c o m m o n , M ar., 1 p. c ,j Hep!.., 2 p. o. V. 7 3 , p M2.
fi«
B o n u s . -T i.c sin k in g fu nd p r o v isio n o f th e C li'oelm iil O u lu m tm s C i n ­
c i n n a t i < I n d i a n a p o li s consol. hon/tn (stu m p e d ) lias been c a n ce le d . T he
f.
p r in c ip a l o f th ese b o n d s is P a y a b le In g o ld , b u t th e In terest is p a y a b le
at o p tio n o f h old er e ith e r In la w fu l m o n e y a t 7 p e r e m it, nor an n u m o r
In British s te rlin g at. 0 p, o. O f the I n d i a n a p o l i s ■ HI. L o u is first 7 s
(*
series '* A " art J A J ,; series " B , " M, A H .; scrie s “ G,1 M A N,
’
St. L o u t s D iv is io n b o n d s , see doer) o f trust V. 52, p 42 4 >
A s to the C i n c in n a t i W a b a sh C Mich 4 p er d en ts, s e c V 52, p. 71.8,
T h e 100 i/c a r m ortgage, o f 1893 Is lim ited to $'>0 , 0 0 0 0 0 0
in J a n .,
1 9 0 2 , $ 2 2 ,0 2 3 ,0 0 0 g en era l 4s w e re re se r v e d fo r p r io r lion s (exclu siv e
o f G airo d iv is io n , P e o r ia d iv is io n , M ich ig a n d iv is io n and the Ht, L ou is

OD

INVESTORS’

SUPPLEMENT.

RAILROAD STOCKS AND BONDS,

J u l y , 1902.]

49

B onds-Princi­
INTEREST OR DIVIDENDS.
pal, When Due.
Mil68 Date Size, or
Amount
Rate Per When Where Payable, and by Stocks—Last
of
Of
Par
For explanation of column headings, &o., see notes
Whom.
Road. Bonds V alue. Outstanding Cent. Payable
Dividend.
oa first page of tables.
R A ILR 0A D 8.

Oleve. Columb. Cin. < Indianap.—See C l e y e . Cin . Chic . & St . Louis.
6
Oleve. Indianap. St. Louis & Ohic.—See Cl e v . C in . Ch ic . & St . L ouis .
$5,000,000
New Y ork, 2 W all St.
$100
Oleveland Lorain < Wheel.—Pref. stock $5,000,000.
6
5,000,000
do
192 1893
1,000
5 g. A. & O.
Consol, mort. (now 1st) g. See text. C a m ----- c '
893,000
do
192 1896
1,000
General mortgage, $1,000,000, gold, red. 1 0 5 .N.
5 g- J. & D.
950,000
do
Con.ref. M., $10,000,000, g., red. at 1 0 2 hj.Col.c* . .. . 1900
1,000
d ^g. J. & J.
98,852
....
5
J. & J
Car trusts (due $6,302 monthly) June 30, 1901..
2,935,000
Olev. < M. V.—Con. M. (now 1st) $3,000,000,g.C e.e*i 125 1888 1 ,000 &(
£
5 g. See text N. Y. ,WIn slow.Lan. &Co.
1,250,000
413 g. M. & N. N. Y .,Farm . L. & T. Co.
1,000
Olev. < Mar.—1st M., s. f., not dr’n, gold. guar.F.e* 103 1895
&
11,226,150
Q .-M . N. Y., W inslow, Lanier.
D
O
7
(Jleve. Piltsb.—Stock, 7 p. 0. guar, by Penn. RR.Co
4,561,000
X
201 1892
4 ^ g.
do
do
1,000
4,713,000
do
do
g.
y
l°R 5 merles C * D ." c * 201 98-’ 00 1,000
Guar. p. < 1. .end.j Pa. R R . ^ggr< g ( [n^ red.
fe
439,000
201 1892
do
do
1,000
3h2g, A, & O.
Oleveland Terminal & Valley—See B alt . & Ohio .
2,500,000
200 1900
1,000
Ooahuila <■Pacific—1st M., gold, $ 2 ,5 0 0 /0 0 ---- c*
£
5 g. F. & A N. J., Title Guar. & Tr.
13 1868 100 &c.
600,000
J. & D. Phila., Read. Co. Office.
6
Oolebr 00kdale—IstM ., $593,400, und.Read.M .of’ 96c
1,446,000
1,000
Colorado Midland— 1st mort., $10,000,000.C e ...c * 259 1897
4 g. J. & J. N. Y ., Central Trust.
=
. . . . 1897
do
do
1,000 117,500,000
do
stamped, interest 4% in cash___
4 g- J. & J.
500,000
26is 1897
1,000
None ever paid.
Colorado <t Northwestern—1st M., gold. M e ............
5 g. M. & S.
100
31,000,000
....
Colorado < Southern- Common stock, $31,000,000 . . . .
£
8,500,000 See text
....
....
100
N. Y ., H allgarten & Co.
1st pref., 4 per cent, non-cam., $8,500,000..........
8,500,000
1882
100
2d pref., 4 per cent, non-cum., $8,500,000..........
18,350,000
1,000
1 st mortgage, gold, $ 20 ,000 ,000 ,C e .................. c* 1,086 1899
4 g- F. & A N. Y ., Central Trust Co.
400,729
Car trustfnotes Apr. 30,1902, due m onthly......... . . . . 1900
70 1900
1,000
1,992,000
Col. Sp. & Crip. Or. Dist. R y —IstM . $2,000,O00.Ce
5 g. J. & J. N.Y., Ch. Bk. & Col. Sp.
70 1901
1 ,000,000
1.000
2 d mortgage, $ 1 ,000 ,000 , gold, sinking fu n d ....
5 g- A. & O. Int.Tr.Co.Den.&Col.Sp.
899,000
75 1887
1,000
■Col. Newb. <•Laurens—1st M., $3,000,000-N H a...
£
6 g- J. & 1. Fa.&Mer.Nat.Bk.,Balt.
500,000
Col. Wyoming < Gt. No.—1st M., $6,O0O,GOO, g .. c* ___ 1895
£
Philadelphia.
5 g- M. & N.
700,000
71 1898
5 g. J. & D. N. Y ., N.Y. Sec. A Tr.Co.
Columbia Southern—1st M., gold, $2,100,000.N ...
Columbia <■ Greenville—See Southeen R y .............
£
C olu m bu s M ock. V al, & T oledo—See Hocking Valle y RyU In 1S01 and 1902 the int rest was paid $15 i n Jan. and $25 in J uly.
x Series “ A ” J. &. J; “ B” A. & 0.: y “ C ” M. & N.; ‘D ” F. & 4.
division west o f Terre Haute), and $11,748,000 for equipment, con­
struction and betterments, etc., at the rate of $ 1 ,000,000 a year,
G e n e b a l F in a n c e s .— Guarantees interest on Louisville & Jefferson­
ville bridge bonds jointly with the Ohes. & O. V. 68 , p. 822. In Mar,.
1900, dividends were resumed on com mon stock—see V. 70, p. 75. On
June 30,1901, owned stock in Chesapeake & Ohio representing an out­
lay of $2,453,569.—V. 71, p. 398. fn Deo., 1900, purchased 2,400
freight cars, to be paid for in 60 monthly payments, with 5 per cent
interest.—Y. 71, p. 1269. Refunding in April, 1901, reduced interest
charge $ 86,000 yearly.
L a t e s t E a e n in g s .— From July 1 to May 31 (11 months.)—
llw io s .—
Qross.
Net.
Ini., die.
Bal., sur
1901-2................... $17,058,981 $ 4 ,4 3 8 /2 8 $2,557,849 $1,880,779
1900-1 .................. 16,170.533 4,584,343
2,672,545
1,911,798
A n n u a l R e p o e t .— Annual meeting last Wednesday in OotobA’ .
A dvance statement for 1901-2 (partly estimated) was in V. 75. p. 75.
Report for 1900-01 in V. 73, p. 491, 497. See also editorial, p. 472.
Tear end. June 30—
1902.
1901.
1900.
1899.
Miles operat. June 30
..........
1,891
1,891
1,838
Passenger earnings.
........
$4,979,652 $4,653,224 $4,245,036
F reigh t.........................................
11,640,003 10,867,502
9,226,534
..........
1,257,835
1,286,124
1,247,792
Mail, express, e t c ...
Total earnings...$18,71^,980 $17,877,490 $16,806,851 $14,719,362
Operig exp. < taxes. 13,744,132 12,755,638 11,749,264 10,645,556
fe
Net ea rn in gs.... $4,970,848 $5,121,852 $5,057,587 $4,073,807
Totainet incom e...... $5,045,848 $5,249,506 $5,140,520 $4,097,398
Interest on bonds.. } a< Qnn Q/la 5 $2,685,056 $2,661,442 $2,672,544
>
Rentals, e tc..............,
auu,>54=8 <
2 3 19 0 7
224.471
201.165
Dividends on p ref... (5 )5 0 0 /0 0 (5)500,000 (5)500,000 (5)500,000
Dividend on com ... (4)1,119,516 (3^)979,626 (3)839,840 ..................
Freight cats, e t c ....
602,654
567,852
821,567 .................
B alance................sur.2J,830 sur.$285,065 sur. $93,200 sur$723,689
O f f ic e r s .— President, M. E. Ingalls, Cincinnati, O ; Vice-President,

J. D. Layng, New York; Secretary, E. F. Osborn. Cincinnati, O.; Treas­
urer, Chas. F. Cox, New York; Auditor, P. A Hewitt, Cincinnati, O.

Directors—Wbliiim K. Vanderbilt, Fred’k W. Vanderoilt. ChauncyAl. Depew,
J. Pierpont Morgan. H. M cR. Tw om bly, James D. Layr.g, William H. N ew ­
man, W alter K. Klls*. o f lew York; Alexander McDonald and M elville K . In­
galls. Cincinnati; James* Barnett, Cleveland 0.

(V.73, p. 82, 137, 3 9 0 ,4 4 1 , 4 9 1 ,4 9 7 , 956, 1061, 1356; V.74, p. 679;

Y . 75, p. 7 5 .)

C le v e la n d L o r a i n fie W h e e l i n g M y . — ( S e e M a p B . <& O .) — O w n s
from L ora in , O ., to B r id g e p o r t,© ., o p p o s ite W h eelin g, W. V a .,1 5 8 m iles;
L ester t o C le v e la n d , 28 m iles, a n d b ra n ch to B e lla lr o , O ., 6 m iles;
to ta l, 192 m ile s, a n d h as tr a c k a g e In to W h eelin g.
H i s t o r y .—T h is r a i l w a y Is a c o n s o lid a tio n N o v . 2 3 ,1 8 9 3 , o f th e C. L.
A W. r a i lr o a d an d th e C lov e. & S o u th w e ste rn . (See V. 5 7 , p. 9 7 9 .) On
F eb. 1, 19 02 , B a lt. & O h io, h a v in g a c q u ir e d a m a jo r it y o f s t o c k , b eg a n
op e ra tin g th e r o a d . See th a t c o m p a n y a n d V. 7 2 , p. 4 8 0 ; V. 7 3 , p . 2 3 6 ,
S t o c k . -C o m m o n , $ 8 ,0 0 0 ,0 0 0 , a n d p r e fe r r e d , n o n -e u m u la tiv e , 5 p. e.,
$ 5 ,0 0 0 ,0 0 0 , p a r $ 1 0 0 . A ft e r d iv id e n d s o f 5 p. c. h a v e b e e n p a id o n the
p r e fe rr e d a n d c o m m o n , b oth s t o c k s sh a r e a lik e ,—V . 6 0 , p. 1 0 5 8 .
DlVini.Ni.iH, On p r e f e r r e d in 1 8 9 6 . 3 p . o.; n o n e sin ce .
B o n d s .—Of the $ 1 0 ,0 0 0 ,0 0 0 c o n s o l, r e fu n d in g g o ld 4*s». $ 5 ,0 0 0 ,0 0 0
a rc re se r v e d to re tir e first 5 «, $ 1 ,0 0 0 ,0 0 0 fo r g e n e r a l 5 s d u e J u n e 1,
19 38 , rem a in d er fo r Im p ro v e m e n ts , etc. V. 7 0 . p. 2 3 0 , 48 0. A b o u t $1 ,0 0 0 ,0 0 0 c o n s o l. 5s o f 1 8 9 3 a rc sta m p e d s u b je c t to c a ll a t 110. (>11 .Jtily 1,
1901, b ills p a y a b le fo r e q u lp in ’ t . $ 4 0 3 ,1 4 0 ; real esta te m orta ., $ 10 0,00 0.
R e p o r t , -R e p o r t fo r y e a r e n d in g J u n e 3 0 , 1,00 1 , w rb in V. 7 3 , p, l» 3,
sh ow in g g r o s s ,$ 2 ,0 6 3 ,6 5 3 ; n et, $ 0 8 5 ,2 8 5 ; In te re st on b o n d s , $ 3 3 7 ,4 0 0 ;
Interest on c a r tru sts, d o . , $3 7 ,4 15; b a la n c e , $ 3 1 0 ,4 7 0 . 1899 0 , g ro s s,
$ 2 ,0 9 2 ,5 7 2 ; n et, $ 6 3 1 ,4 1 5 . (V . 7 2 , p. 4 8 0 ; V. 7 3 , p . 2 3 0 , 9 5 3 . ;
C l e v e l a n d fie V l n h o n l n g V a l l e y K y , —O w n s from C le v e la n d ,
O ,, to S h a ron , f ’a .,8 1 m ile* [5 7 d o u b le tr a c k ]; N iles, O., to N e w L is b o n ,
O., and b ra n ch es, 44 m iles. Leased to N y p a n o HR. (fo r m e r ly N. Y .,
P enn. < . O h io) till 1 9 8 2 ; ren ta l $ 5 1 4 ,1 8 0 p e r a n n u m . C o u p o n in terest
V
is J- A. J ., reg istered In terest, Q, ,1. S to ck Is $ 3 ,2 5 9 ,2 0 0 , o f w hich
$ 2 ,7 5 -,2 5 0 Is held by " A t la n t ic First, Leased L in es R e n ta l T r u s t C o.,
L im ite d ," o f L o n d o n ,
D iv id e n d s In 1897, 13% p. n .;1 8 0 8 1.0 1 9 0 2 ,
b o th in c lu s iv e , 13»s p, 0 . y e a r ly . - (V , 6 3 , p. 0(18.)
C l e v e l a n d fie .V la r le U n K y . — w n s from M arietta, O-, to C an al
-O
D o v e r , 103 m iles, and b r a n ch 7- roil ch, Z oa r, O ,. to C a n a l im v e r , lea sed.
P e n n s y lv a n ia fio. ob ta in e d c o n t r o l in N ov ., 1 8 9 8 , h avttig p u rch a sed
a b o u t tw o -th ird s o f th e R o c k , and to o k c h a r g e Ja n . I, 1900, the n et
r e v e n u e o v e r o p e r a t in g e x p e n s e s , ta x e s a m i In te re st on b o n d s b ein g
retu rn ed to the c o m p a n y , Htook,.$ 2 ,0 0 0 ,0 0 0 pa r $ 1 0 0 . V. 0 9 , p. 1 3 4 . .
0
B o n o s .—G u a ra n teed p rin . and Jnt. b y P en n . On. 8Ink. fu n d 1 p, c.
R ki -o h t for 1809 In V. 7 0 , p , 10 to. In 1.003 g ro s s 1 6 0 1 ,1 5 1 ; net,
$ 1 3 9 ,1 8 7 ; in terest on b o n d s , $5(5,250; Im p ro v e m e n ts , e tc ,, $ 4 * 4 1 5 ; 0 ala nee, sur. fo r y e a r, $ 3 4 ,5 2 1 .
fn 19 00 , g ro s s , $ 5 9 3 ,7 3 5 ; n et, ,f 132,.
8 4 1 .— (V. 69, p. 18 45 ; V . t v , p. I 0 4 5 .)
C le v e la n d A P i t t s b u r g K i t .—( Her Map Pennsylvania R ailroad)
C levela n d , O .,t o R o ch e ste r, P a., 1 24 m iles; b ra n ch ed B a y a rd , O .,to New
P h ila delph ia, 31 m iles; Y e llo w C reek to B ella lro, 43 m . . b a lln e v llle to
Goal M ines. 3m .; tra ck a g e . R o c h e ste r to P ittsb u rg (P itm i,. Ft. W a yn e
A C hle.). 26 m iles; to t s l. 2 2 7 m iles.

Oct., ’ 9 6 ,1 %
Oct. 1, 1933
June 1, 1936
Jan. 1, 1930
M’thly to 1903
Jan. 1, 1938
May 1, 1935
J u n e l ,’ 0 2 ,1%
Jan.-Oct.-’42
1948 1950
Apr. 1, 1942
Feb.
June
July
July
Sept.

1,
1,
1,
1,
1,

1930
1898
1947
1947
1947

Apr. i , ’02, lhi
Feb. 1,
To Sept.,
Jan. 1,
Apr. 1,
July 1,
May 1,
Dec. 1,

1929
1906
1930
1921
1937
1925
1948

L ease —Leased for 999 years, Deo. 1,1871, to Penn. RR. Co., and lease
transferred to Pennsylvania Co. Rental, 7 p. c. on $11,226,050 stock,
interest on bonds and organization expenses.
Bonds .—Generals are all equally secured; guaranty. V. 5 6 ,p. 604.
E a e n i n g s .— R e p o r t f o r y e a r e n d in g D e c . 3L, 1900, w a s g iv e n in V.
72, p.773. In 19 1, g r o s s e a r n s ., $5,484,074 ; n e t, $1,945,118; profit to
lessee w a s $739,307.—(V. 73, p. 783, 1159; V. 75, p. 134.)
C le v ela n d T e r m in a l & V a lle y R R . - See Map Baltimore &
Ohio. Owns from Cleveland, Ohio, to Y alley Junotion, 75 m iles;
sidings, 67 miles. Successor, as per plan in V. 60, p. 437 and V. 61, p.
70, to Yalley Ry. (of Ohio), sold in foreclosure Sept. 10, 1895.
Stock —Of the $5,200,000 common (par $50) B. & O. owns $4,594,300
w m m on and of the $2,200,000 preferred, $949,200; par $100.
B onds —The first mort. bonds are guaranteed, principal and interest,
by the B. & O., endorsed; interest is paid regularly from earnings. A
majority is stamped as subject to call on 60 days’ notice at par and
Interest on or before May 1, 1904.—V. 71, p. 913. Car trust lease w ar­
rants (5s), $219,000, due $27,000 May 1 yearly to 1909, inclusive.
E aenings .—Y ear 1900-1901, gross, $1,106,763; net incom e $370,419;
Interest, etc.. $262,343; surplus, used for improvements, $108,076.—
(Y. 71, p. 913.)
C o a liu lla fic P acific R y .—Saltillo to Torreon, M exico, 200 miles;
com pleted June, 1902. Stock, authorized, $1,500,000; outstand­
ing, $1,498,000; par of shares, $100. M oitgage trustee, New Jersey
Title Guarantee & Trust Co. See V. 72. p. 872. President, J. J. Detwiller; Treas., H. T Lilliendalil, 15 Exchange Place, Jersey City, N. J.
—(V. 72, p. 872; V. 73, p. 1263.)
C o le b ro o k d a le R R . —Pottstow n to Barto, Pa., 12’ 84 miles.
Leased to Phila. & Reading Ry. Common stock, $297,215; par $50.
C o lo ra d o M id la n d R y .—Owns from Colorado Springs to New
Castle, Col., 234 miles, including Snowden to Leadville, 8 m., not o p ­
erated; Snowdefi to Arkansas Jot., 6 m., Jerome Park branch, 15
miles; Aspen branch, 20 m.; spurs to quarries, 2 m.; Busk Tunnel,
2 miles; total owned, 279 miles. Leases New Castle to Rifle Creek, 14
miles, and Rio Grande Junotion RR., Rifle Creek, Col., to Grand Junc­
tion, 63 m iles; total owned and leased, 356 miles.
O eganization .—Successor Oct., 1897. to the Colorado Midland Rail­
road, foreclosed and reorganized per p la n in V. 64, p. 1 2 2 4 , 1 2 2 6 .
In May, 1900, a majority of stock was purchased iu the jo in t interest
o f the Colorado & Southern (Hawley interests in control in April, 1902,)
and Rio Grande Western (succeeded to by the Gould interests).—V. 70,
p. 686, 791, 997. 1290; V. 71, p. 28; V. 73, p. 1111. No stock, it was
stated, is held by the public.
B onds .—In June, 1900, the $7,500,000 2, 3, 4s were made full 4 per
cent bonds, and the right to issue $500,000 prior lien4s was waived;
V. 70, p. 1290; see also V. 71, p. 1 3 9 . - tV. 72, p. 821.)
R e i -o e t .—R eport fo r year ending June 3 0,1 90 1 , iu V. 73, p . 8 4 1 :
T’ rs. e n d . J u n e 3 0 — G ro ss.
N e t.
M isc.inc. C h a r g e s .
Surp.
1 9 0 0 - 1 .................. $ 2 ,3 8 5 ,1 8 4 $ 6 8 3 ,2 1 5 $ 3 4 ,2 6 9 $ 5 1 5 ,7 0 9 $ 2 0 1 ,7 7 5
1 8 9 9 -0 ................... 2 ,1 9 7 ,0 3 7
6 2 5 ,9 9 2
1 5 ,4 4 8
5 6 5 ,0 0 1
7 6 ,4 3 9
O f f i c e r s .— P r e s id e n t, F r a n k T r u m b u ll; V i c e - P it s ., G eo. W . K r a m e r
T r e a s ., H . B . H e n s o n ; S eo , H a r r y B r o n n e r , 7 4 B r o a d w a y ,N e w Y o r k .
Directors.—Grenville M. Dodge. floury Budge, .J. Kennedy Tod, B .C .H e n f i o r <11. George J. Gould. BMwhuGould, WIubIuW 8. Pierce, Geo. YY. Kramer, 13,
T. Jeffery and Frank Trumbull.
- (V . 7 1 , p . I 3 9 ; V . 7 2 , p. 8 2 1 ; V . 7 3 , p . 8 4 1 . I l l 1 ,1 3 1 2 .)
C o l o r a d o fic N o r t h w e s t e r n R y . —B o u ld e r to W a rd , C o l., 2 6 1
g
m ile s , o p e r a te d from O c t , 1898. In M ay. 1902. fo r e c lo s u r e su it
was b e g u n . (V . 74, p, 9 8 6 .) S to ck , $ 5 0 0 ,0 0 0 ; p a r $ 1 0 0 . all issued,
in A p r ., 19 02 , C ol. 8. B. Dick h ad an option on 1 ho ro a d , w h ich
w as p r o p o s e d to be u sed as p a r t o f e x te n s io n 10 S a lt bulro c i t y . V.
74, p. 7 2 7 . Y ear e n d in g J u n e 30 19 01 , gross, $ 0 4 ,1 4 8 ; Bet. $ 6 ,1 1 2 .
P res., W. O. C u lb e rts o n , Girard, P a , - V . 7 3 , p. 662; V. 71, p. 98 0.
C o l o r a d o fie S o u l I t e m R y , — (,SVo M a p ) -O p e ra te s from O r In
J u n c tio n , W y o m in g , th rou g h C o lo r a d o to F o r t W o r th , T e x a s , v iz.
lAnrs mwltA,
Mile*.
Mile*.
Cheyenne 1.0 urlu Junotion......... IM
o t h e r lines, hr., etc. (H it our. gnu.) H 6
H
Denver t.o Ikmgomer J u lie t, C ob .. 128 Trticktegr- Pueblo to Waiscnburg
Denver to Leadv, (narrowgauge). lot
(>8
( D e n v e r * Itlo B r a n d o)..............
Como to Baldwin Mine ( do ). 1:11

Trinidad, Cob, to Texas State lino lar. |

Total owned and loaned.......... 1,113

-ilxo ha* large inter eel In Fori Worth ,v Deliver City Ity., 160 in Ilea.
Hits tru ll ) 0 and tr a c k a g e a g r e e m e n t w ith U n ion P a cific, c o im e e t in g
the C h ey en n e A N or. D iv is io n w ith the ay stem a t G re e le y an d D en v er;
a lso o v e r A t c h is o n tra ck s, D e n v e r to Pm Ido, C ol. V. 0 9 p. 1 ,9 ,
O r g a n i z a t i o n .- S u cce e d e d on Ja n . n , ih o d , per plan in v . 07 , p.
7 4 8 , the U n ion P&eltio D e n v e r A G u lf an d D e n v e r L e a d v ille f i t Clunn lsoii. O w n s a la rg o m a jo r ity of tiie c o m m o n s to ck o f F o r t W o rth fit
D e n v e r City B y ., w h ich see. C o lo ra d o M id la n d Is c o n t r o lle d Jointly b y
C o lo r a d o A 8 0 1 1 Uiern an d Itlo G ra n d e W estern
V, 7 0 , i>. 7 3 0 . In M ar.,
19 02 , K dw lli H a w le y , P residen t o f M lunen pulii* A 8 t. L ou is U R „ a n d
11 i-m elales, a cq u ired c o n tr o l, T h e roa d , ll t> d a ted , w ill be o p e r a te d
In d e p e n d e n tly o f an y o th e r s j stoui. V. 7 4 , p. (179,727,
V o t i n g T muht
A ll c la s se s o f s to ck are vested in th e v o tin g fruat.oen, G re n v ille .M. D od ge, F r e d e ric P G lco tt, H a rry W a lters, H en ry
B u d g e and J. K e n n e d y T o d u ntil Ju u . 1, 1 9 0 4 , a n d then u ntil th e first
p re fe rre d s to ck sh all h a v e r e ce iv e d » 1 p er c e n t tin nil d iv id e n d fo r
three c o n s e c u t iv e y e a r '. T h e v o tin g tru stees m a y , h o w e v e r , d e liv e r
the s t o c k at a n y e a r lie r ila le .

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J u l y . 1902.]

STOCKS

AND

BONDS.

di

Bonds—Princi­
INTEREST OR DIVIDENDS.
RAILROADS.
Miles Date Size, or
pal, When Due.
Amount
of
Rate Per When Where Payable, and by Stocks—Last
Par
of
For explanation of column headings, &c., see note
Whom.
Road. Bonds Value. Outstanding
Cent. Payable
on first page o f tables.
Dividend.
Ool. San. < Sock. RR.—New reo’ s e tfs .,$1,200,000
£
1897-8
1st mortgage (prior lien), $2,000,000, golcLMe.c* 227 1895 $1,000
1,000
General mortgage, $10,000,000, g o l d .M p ....... c x 227 1895
1895
Income bonds, non-cumulative, g o ld ....................
'4 1890
Zanesville Term’l Co. 1st m. for $500,000, gold.c*
1,000
CoL Ter. & Transf. mtge. $350,000, gu. 0. S.& H. . . . . 1893
1,000
R eceiver’s certificates (old Co.) out in July, 1896
1895
Columbus < Toledo—See H o c k in g V a l l e y R y .
£
55
Columbus <. Xenia—Stock, 8 per cent rental............
£
50
. . . . 1895 500&C.
Combination Bridge ( Sioux City, la .)—1st M ........
71 1894
Concord < Claremont (N. S . —1 st m ortgage........ 0
£
1,000
Concord < Montreal—Stock, Class I. (B. C. & M. pf.) . . . .
£
....
100
....
....
8toek, Class II (B. C. & M. n ew )................................
100
....
Stock, Class H I. (B. C. & M. old stock )..................
—
100
Stock, Class IV. (Concord) $6,000,000 auth. Text . . . .
100
166 1881
Bost. Con. & Mon. improvement m ortgage......... c
1,000
Concord & Montreal con. M. for$5,500,000.H B .c* 262 1890
1,000
. . . . '97-’99 1,000
Debenture bonds, $1,150,000, currency............ c*
Do
do
$1,000,000, int. g u a r.............
1900
Concord < Ports.—Stock,7 p .c .m ’l, 99yrs. Conc’d .. 40 ia
£
100
Conn. < Possum.—Pref. stock, 6 p. c. rent’1,99 yrs.c* . . . .
£
....
100
110 1893
1st mortgage $1,900,000, gold..............................c
1,000
....
Massawippi st’k, guar.same div. as Conn. & Pass.
37
100
22 1881
Newport & Richford 1st mort. guar, b y C. & P.c*
1,000
80
....
■Connecticut Rivet— Stock ($2,670,000 authorized)..
100
Scrip, redeemable in ten years in cash or b on d s..
80 1893
. . . . 1893
Bonds, not mortgage, for $1,000,000, gold ........ c
i,6 o o
.... 1901 1,000
Bonds, not m ortgage.................................
Connecting (Philo.)—1st M., gu. p. & i. Pa. RR. en. c 6'75 1864
1,000
1st mortgage, refunding, $1,000,000, gold ....... c ' 6'75 1900
1,000
7 1883
Phil. Germ. < Chest. H ill 1st M., gu. by Pa. R.y.r
fc
1,000
36 1902
1,000
New mortgage, $5,000,000......................................
■Comxcall <. Lebanon.—Stock......................................
£
24
....
50
D i v i d e n d s .—D iv . on 1st pref., 1900, 2 p. o.; in 1901, Feb., 2 p. c.,
lo r calendar year 1900: Oct. 1 ,1 9 0 1 ,1^2 p. c.; in 1902, Apr., l 1 p.
^
B o n d s .—The new m ortgage is a first lien on all the road, equipment
and other property, $1,950,000 being reserved for the acquisition of
coal properties, and for future additions, betterments, equipments,
etc., at not exceeding $300,000 a year. Statement to the New Y ork
8tock Exchange in V. 68, p. 1027.
E a r n in g s — 11 mos., S1901-2.........Gross, $5,045,923; net, $1,359,366
J u l y l to May 31.
<1900-1.........Gross, 4,301,608; net, 1,122,519
For 10 m is. ending Apr. 30, 1902 net, $1,231,319, against $1,031,884 in 1900-1; other income, $15,371, int., taxes, etc., $784,233; bal.,
sur., $462,457.
A n n u a l R e p o e t .— Fiscal tea r ends June 30. Second report of new
com pany covering operations for fiscal year ending June 30, 1901,
was in V. 73, p. 611, showing:
12 Months.
12 Months.
6 Months.
Tear ending June 30—
1900-01.
1899-00.
1899.
Gross e a rn in g s
............$4,794,649
$4,237,743
$1,804,507
Operating expenses & taxes.. 3,712,300
3,330,774
1,402,259

Net earnings......................... $1,082,349
Total net in c o m e .......................$1,124,524
Interest on bonds, etc...............
718,876

$906,969
$945,390
700,046

$402,248
$418,224
293,770

Balance, surplus................ $405,648
$245,344
$124,454
‘ Dividends on 1st p re f.. (3»*%)$297,500 (2% )$170,000
............. ...
* Paid from total surplus, which June 3 0,1 90 1 , was $435,446.
O f f i c e r s .— Chairman, Grenville M. Dodge, New York City; Presi­
dent and General Manager, Frank Trumbull, Denver, Col.; Secretary
and Treasurer, H arry Bronner, 74 Broadway, New York City.
D irectors.— renville M. Dodge, H enrv Budge. J. Kennedy Ted, Frederic P.
G
Olcott, John J. Em ery, Edward J. Berwiod Edward C. Henderson, A doloh
Lewisohn, Edwin Hawley and H arry Bronner, New York City; Harry Walters,
Baltimore, Md.; Norman B. Beam, Chicago, 111.; Frank Trum bull, Denver, Col.

—(V. 73, p. 444, 6 1 I ; V. 74, p. 91, 679, 727, 9s6, 1355.)
C o lo ra d o S p rin g * Sc C ripple Creek D is tr ic t R y .-C o lo r a d o
Springs to Cripple Creek, Col., 45 miles; branches, 25 miles; total, 70
miles, the main line being operated from April 9, 1901, and balance in
Nov., 1901. V. 70, p. 328; V. 72, p. 626. Owned by th eow n ersof
principal mines o f « n p p .e Creek District
Stock, all outstanding, common, $1,200,000; preferred, 5 p. c. noncom ., $ 800 ,000 . Par of shares, $100 each. Beginning Jan. 1, 1901, a
sinking fund o f 5 per cent of gross earnings for preceding year can re­
tire first mortgage bonds yearly at 110 for the first 15 years, then at
107ht foi
, th e n 105 fo r the n ext five yearti, then 102*2 for th r e e
y e a r s , th e r e a fte r a t p a r. O f th e s e c o n d m o r tg a g e b o n d s th e I n t e r n a ­
tion a l T r u s t Co. o f D e n v e r is tr u ste e . $ 9 0 0 ,0 0 0 h a v e b e e n s o ld . P res.,
Irving H o w b e r t; S ee., E. F . Draper; Treas., F . M. W o o d s .— (V , 6 9 , p .
1147; V. 7 0 , p, 7 5 , 175, 3 2 8 ; V , 72, p . 6 2 6 , 6 7 5 ; V 7 3 , p . 11 11 .)

$1,056,900
See text.
7,466,770
1,632,899
453.000
341,000
500,000

5&
5
4
4
5
5
6

6 Semi-an Columh’s,0.,R eo’rs’ Off.
g. A, & O. A pr.,’ 97,coup.last paid. Oct. 1, 1900
None paid in cash.
g. J .'& J.
Jan. 1, 1946
F. & A.
1945
g. J. & J. J an. ,’97, coup, last paid. July 1, 1940
M. & S.
1943

1,786,200 See text. Q .-M . Columbus, O., Treasurer J’ ne 10,’ 02,2%
517,400
5
J, & J. N. Y ., H anover N. Bk. July 1, 1915
500,000
4^3 J. & J. B6st., N.Bk o f Redemp. Jan. 1, 1914
800,000
Q .-J .
7
See text.
J u l y l ’02,1%%
540,400
do
7
July 1’02,1%%
Q .-J .
459,600
do
7
J o l y l ’02,1%%
Q .-J 5,397,600
do
7
Q .-J .
J u l y l ’02,1%%
500,000
6
J. & J. B ’ ston.Faneuil H allB ’k Jan. 1, 1911
5,000,000
J. & D. Boston Safe D. & Tr.Co. June 1, 1920
4
1,050,000 343 & 4 J. & D. Bos. S.D. & Tr., Boston. June 1, 1920
500,000
do
do
June 1, 1920
3)3 J. & D.
350,000
J. & J.
Manchester, N. H.
7
J u ly ,’ 02 , 313 %
2,500,000
F. & A. Boston, 8. Dep. & Tr. Co. A u g .l, ’02, 3%
6
1,900,000
do
do
Apr. 1, 1943
4 g- A. & O.
400,000
F. & A.
do
do
6
A u g.,1902, 3%
350,000
J. & J.
do
do
5
Jan. 1, 1911
2,630.000
J. & J.
Boston, Mass.
10
J u l y l , ’02 5%
1,290,000
4
J. & J. Springfield or Boston. Jan. 1, 1903
Boston, Mass.
4 g. M. & S.
Sept. 1, 1943
1,000,000
do
do
Jan. 1, 1921
290,000
313 J. & J.
do
do
M.15 &S
6
599,000
Sept. 15 ’02-’04
193,000
343 g- M 15 & S Phila., Broad St. Stat’n. Sept. 15,1930
443 M. & N.
do
do
1,000,000
May 1, 1913
313 g. M.15&S Co.’ s off., Lebanon, Pa. Mar. 15, 1932
(1 )
do
dn
800,000 5 i3 in ’02 F. & A.
July 31 ’02,3%
The bonds deposited with the Carlisle committee were returned to
the holders; but see Y. 7 «, p. 883, 986, 1308.
S t o c k , E t c .— Common, $7,500,000 authorized; outstanding, $3,348,.
S92; pref. 4 p. c., cum., $4,041,000; par, $100. First M. scrip, $79,873.
Prior lien bonds outstanding, $707,874, as shown by receiver’s broks
June, 19o2; decree of Nov. 2 5 ,1 9 0 1 , holds that $1,200 000 are abso­
lutely held by various owners and the remaining $800,000 in trust for
scrip issued as collateral for M onsarrat certificates, floating debt, etc.
A n n u a l R e p o r t .— For year ending June 30,1902, gross, $1,201,683Sears ending June 30—
1901.
1900.
1899.
1898.
Gross earnings................ $1,064,150 $1,064,028 $837,368 $795,793
Net earnings.....................
164,8 "0
192,545
80,187
113,044
—(Y. 73, p. 553, 1263; V. 74, p, 883, 986, 1308.)
C o lu m b u s W e lls t o n & S o u th e rn R R . —Lancaster Junction,
O., at a connection with the Penn R R ., to South Bloom ingville, 34
miles Sold on Dec. 4, 1901, under order of court and bid in by J. G.
Reeves, of Lancaster, O., for him self and Boston capitalists, who pro­
pose to com plete the line. V. 73, p. 1206.—(V. 73, p. 1207.)
C o lu m b u s Sc X e n ia R R . —Owns from Columbus, O,, to Xenia, O.,
55 miles. Operated as a division of the Little Miami, and is leased for
99 years from December, 1869, in connection with that road, to the Pitts­
burg Cincinnati Chicago & St. Louis, which pay's 8 per cent on stock,
b u tln March, 1901, the 25 per cent from assets was discontinued for
the present. The lease Is guaranteed by the Pennsylvania RR. Co. The
C. < X . form erly paid 8% per cent dividend (2S out of assets) per annu m ,
fc
2 i5 per oent March 10 and September 10 and 2 oer cent June 10 and
Dec. 10, but in March, 19C1, the % per cent from assets was discon­
tinued for the present.—(V. 72, p. 532.)
C o m b in a tio n R r id g e (S io u x C ity, l a .) —Owns steel bridge
1940 feet long over Missouri R iver, with approaches, 1 mile, used by
railroads and streetcars and as a highway. Stock, $1,500,000, all com ­
m on and all outstanding. M ortgage trustee, Union Trust Co., Indian­
apolis, Ind. Prest., John Ellis, Kewanee, 111.; Treas., T. A. Stoddard,
8t. Louis, Mo.; Secy., F. L. Eaton, Sioux City, la .—V. 70, p. 841.
C o n co rd Sc M o n tr e a l R R . —From Nashua, N. H., via Con­
cord, Plymouth, etc., to Groveton and the White Mountains, 450
miles in all, (including Manchester & Keene, 30 miles, owned Jointly,
414 miles; 35 miles double track. A branch from Concord to Hudson
N. H., about 35 miles, to be operated electrically, is under construction
(10 miles completed in Mar., 1902); $l,000,00u bouds will be issued
therefor.
V. 71, p. 698, 751; V. 74, p. 727. On June 29, 1895, leased
to Boston & Maine for 91 years at rental of 7 p. o. per annum on all
s to ck .-(V , 74, p 727.)
C o n co rd Sc P o r ts m o u t h R R . —Owns Portsmouth, N. H., to
Manchester, N. H., 4 0 13 miles. Leased to Concord RR. in 1862 for 99
years; rental, $25,000; 7 p. c. on stock and organization expenses.
C o n n e cticu t Sc P a * * u m p * tc R i v e r * R R . —W h ite R iv e r J u n o .,

V t., to C a n a d a L in e , 1 1 0 m .; Leasee 9 9 9 y e a r s M a ss a w ip p i V a lle y , 3 7 m
L e a s e .— F ro m
J a n u a r y 1, 1 8 8 7 ,
le a se d
to
th e
B o s to n
&
L o w e ll fo r 99 y ea rs on a basis t o p a y C o n n e c tic u t & P a sstu n p sio s t o o k
5 p er c e n t till J a n u a r y , 1 8 9 7 , in c lu s iv e , a n d 6 p e r c e n t th e r e a fte r
s e c u r i t i e s .— M a s sa w ip p i s t o c k r e ce iv e s sa m e d iv id e n d s as s to o k o f
le s s e e ,a n d $ 4 0 0 ,0 0 0 o f it [n o t In clu d e d in th e am ount, o u ts t a n d in g !
C o l u m b i a H a l l w a y Sc N a v i g a t i o n C o , - V . 74, p. 1195.
is p le d g e d as p a r t s e c u r it y ifo r 4 s o f 1 8 9 3
O f th e $ 2 ,5 0 0 0 0 0
p r e fe rr e d , $ 5 0 0 ,0 0 0 , a s a ls o $ 5 0 ,0 0 0 M a s s a w ip p i V a lley Ky. s t o c k
< o l ii m b l a s o u t h e r n R y . - O w n s from B ig g s, O re., sou th to S b aare r e p r e s e n te d b y C o n n e c t ic u t T r u s t & B afe D ep osit. C o. o f H a r tfo r d
1) 11: 0 ,7 1 nulloH, In J a n ., 10 02 . th e C o lu m b ia S ou th ern R y . E x te n s io n
Co, w as o r g a n iz e d , w ith $ 1 ,0 0 0 ,0 0 0 a u th orized s lo c k , to 'build an e x ­ 5 p e r c e n t tr u s t c e r t ific a te s , u n d e r w h ic h th e V e r m o n t V a lle y h a s th e
r ig h t fo r 45 y e a r s from A u g . l , 1 8 8 5 , to p u r c h a s e th e tru st s t o c k a t
ten sion from .ib a n ik o to B en d , 1 0 0 m iles, w ith b r a n c h e s to A sh w o o d
p u r and in te r e s t a n d in th e m e a n tim e r e c e iv e s all d iv id e n d s a b o v e 5
and P riooviU e, .fin .i.o o took an d $ 1 4 ,0 0 0 fifty -y e a r 5 p er c e n t g old
p e r c e n t p er a n n u m o n th e s t o c k d e p o s it e d in tr u s t.— (V . 5 7 , p. 1 0 4 0 .)
b on d s p er m ile to b e 1- -med th e re o n .
Of the 5s o f l H H $272,000 was issuable at once, and remainder,
U
C o n n e c t i c u t R i v e r R R . —O w n s fro m B prin gtield, M ass., to
fR $10,000 per m ile,on additional road. Block, $300,000. The intire K een e, N. H ., 74 m ile s (d o u b le tr a c k e d , 3 6 m i l e s ) ; b r a n c h e s , 0 m iles.
$700,000 bonds are, owned by Oregon R li. & Nav. Co. Year ending
L e a s e . - - L ea sed fo r 99 y e a r s from J a n . 1, 1893, to th e B oston *
.Line 30, 1901. g r o - ■ $154,978; net, $04,3 )4; taxes and in tores t, M ain e, a n n u a l ren tal (as a m e n d e d O ct. 1 0 , 1 8 9 5 ) b ein g 1 0 p e r o e n t p er
.
$34,991; ba],. fv; r., $29,400. Pre.sldcnt, E. K. By tie; Secretary, May an n u m on c a p ita l s t o c k ), p a y a b le d ir e c tly to th e s t o c k h o ld e r s In sem i
-Enright, Port! md. Ore. (V. 7.1, p. 341.)
a n n u a l In sta lm en ts J a n . 1 a n d J u ly 1, an d in a d d itio n th e r e to interest
on b o n d s an d s c r ip arid $ 2 ,0 0 0 ror o r g a n iz a tio n e x p e n s e s . L essee p a ys
C o lu m b u s A: C i n c in n a t i J ll d i n m l I t i t . —V. 09, p. 743.
all ta x e s , o p e r a t in g e x p e n s e s , e tc ., b u t le s s o r shall issu e its s t o c k o r
C o l n m b u * f l o c k . V o l l e y A: T o l . —B e e HOOKING V A L U ,v H r.
b o n d s fo r p e r m a n e n t I m p r o v e m e n t s .--(V . 7 2 , p. BO.)
Co I ti m b ii * L im it A; .M ilw a u k e e f t y . Owns railroad from
C o n n e c t i n g ; I t j , ( I ’ h l l a d e l p h I a ).* —O w n s fro m Mantua J u n c t io n
htoift, <>.. to Defiance, jo miles; almost, completed. On I>cc. 1, ]899,
H, G. linker wu •appointed, receiver on ground or default In $42,000 to Fntnkfcdnl J u n c t io n , I’ a., 7 m iles; G e rm a n to w n J u n c t io n to ( ‘lm stloan. V, 69, p, 1108, 1193, Boll in foreclosure OB Mar 25, 1 02. to m il I (Hi. 7 m iles; b r a n c h e s , e tc ., 29 m iles; tota l, a b o u t 3 6 m iles. A
J oh n D Roci..•feller, who took pOssc-.-dou Jilin- U , 1902; sab hn ■ c o n s o lid a tio n J a n . 1, 19 0 2 , w ith tin P h ila d e lp h ia G e rm a n to w n *
C h e stn u t H ill, K e n s in g to n A T u r o ji< an d o th e r s u b s id ia r y r o a d s o f the
been coni;rinmi. in J ut,-, i « 2, a reorganization pi.in •.-.<• in pmnnru
.• •
P e n n s y lv a n ia R R . - V. 7 3 , p, 39 0. hi ,nek nuthorlziM l. $r> j-«K),o<>0 ; o u t ­
tlon V. 74, p. 67.1. 1 195. Stock authorized, $1,000,000; par, $ lo o .
s ta n d in g , $ 8 ,6 1 3 ,6 5 9 ; a ll o w n e d by P e n n s y lv a n ia H i:
In .May. 19 02 ,
(V. 74, p. 980,1 195, 1307.)
filed ft $ 6 ,0 0 0 ,0 0 0 m o r tg a g e to J o h n P. G reen n. tr u ste e ,- (V. 7 3 »
C o l n m b u * Si. i k J ii » U y Sc f l m - k l n g H i t . — R o a d H.ihdn. !;y via
3 9 0 ; V, 7 4 , p. 1088.)
C olu m bu s to Z a n esv ille and so u th e rly to d o n a t o r , H haw nee and
C o r n w a l l l i H . ~ V , 74, j., 1 139,
B h a w n w J u n ctio n , w ith b r a n c h e s ; to ta l, 2 6 9 m iles, o f w h ich 21 H
C o r n w a l l A L e b a n o n R R . —O w n " L e b a n o n , Pa , to G o n o w a g o ,
rouen lire ow n ed an d :. 1 m iles lea sed. T raeU a ge to T o le d o , 51 m iles.

C o lu m b ia N e w b e r r y Sc L a u r e n * H R , —Columbia to Laurens,
8. C , 75 r « . S t o c k . $505,000 Bonds, see table. For year ending
June 30. 1901, in - -. $173,2*3; net, $19,112; total deductions, $35,784; ba!., sur., $3,328. President, w . G, Childs, Columbia, 8. C.

RKOElVKHSmi'—J o s e p h R o b in so n Is n ow r e ce iv e r . A s to r e c e iv e r 's
eortifioatra and la st c o u p o n paid on the b o n d s , see ta b le a b o v e . In
March, 1 0 0 9 . J o s e p h R o b in s o n , r e c e iv e r , w as a p p o in te d ■tpoi.ila) m a s-

ill *

Anappiiftl W
ftft takfvri ftfjC tli« jiirl^TtlfuiI

a mrr nrri
C e r t a i n ro it io r m a t t e d rgf&feln to ho flcuDDui tm foro n wit®
c a n be had - Hoe d e c isio n V. 72, p. 675. V. 7 0 . p. 68 1. K or-elosu rn
d e c re e m a d e, b u t n o sa le y e t ord ered In M ay, i u o 2 . v , 73, p. 6 5 3 .1 2 6 3 ,

22 m iles; b ra n ch es.3 miles. In June, (jin j, m e Pennsylvania HI,eel
Go. acquired control. V. 72, p. 1 I i , 1,:h; i.
DIVIDENDS- 5 T o 1H93
'9 3 ’ 1)4 ’ 95. '9 6
( P e r c e n t ) , . .. (<1 to4'-a y r ly , 6
2
2
4
A l s o In 1892-3 p i Id < pooial d iv , o f 13"., In
L AH MS OH I 1 m on th s. 5 1 DO 1 2 ....... ..O n e ,
J u ly 1 to M ay 31,
( 1 9 0 0 - 1 ....... G ross,

'9 7 ‘ 9M *00 1900 ' 0 1
1902
3
4 4 '«
5
5b. 5 >
y
1902, K e b .,2 'a % j A u g ., 3 % .
, $ 3 0 7 ,6 5 6 ; n et, $ 1 44 9 9 6
2 4 8 ,7 1 0 ; net, 1 1 2,78 5

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RAILROAD

J u ly , 1903. j

STOCKS

AND

BONDS.

53

B o n d s — Princi­
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal,When Due.
Amount
of
Rate Per When Where Payable, and by S toc k s— Last
of
Par
For explanation o ! column headings, Ao., see notes
Whom.
Road. Bonds Value. Outstanding
Dividend.
on first page of tables.
Cent. Payable

RAILROADS.

24 1891 $100Ac
$766,400
Comic. < Leban — (Con.)—1st mort. for $800,000.r
&
1898
Corvallis A Eastern—1st mort. ($11,250,000).Ce.o*
1,000
2,115,000
35 1900
1,000
Oovello A Columbia River—1st M. (V. 70, p. 995.).
(1)
57 1891
1,000
1,000,000
Cumberland & Pennsylvania— 1st m ort.,g., G .gu ..
....
50
1,292.950
Cumberland Valley—Common stock ..........................
.... ....
484,900
Pref. stock ($243,000 is 2d pref ) ...........................
50
82 1856 500 Ac.
233,500
1st and 2d ms., gold (2d$94,000 due Apr, 1908.)
40 1899
650,000
Dakota Pacific—1st M., g., $650,000.I B .............. c
1,000
....
2,401,900
50
Dayton A Mich.—Com. st’k (3!a p.c. guar.C.H. A D .)..
.... 1871
1,211,250
50
Preferred (8 p. c. guar. C. H. & D.) endorsed........
142 1881
1,000
2,728,000
1st mortgage, guar. p. & i. end by C. H. & D ---- c
32 1879
225,000
1,000
Dayton A Union RR .—IstM ., s. f. (not dUn)............c
___ 1899 1,000
495,000
Dayton Unicyi Ry.—1st M., s. f., call at par F ........
38 1864
495,000
1,000
Dayton A Western—1st M., guar. L. M. and C. & X .o
__
224
25
2,987,125
Delaware—Stock.............................................................
500,000
1,000
Gen. M., g o l d .F P ................................................... 0* 117 1892
54 1882
1,000
400,000
Delaware & Chesapeake 1st M., assumed, c u r ..c
.... ....
100
1,800,000
Del. A Bound Hr.—Stock—8 p. c. gu. Phila. A Read.
27 1875
1,500,000
1,000
1st m ortgage................................................................
27 1879 100 &0.
2d mortgage, extended in 1899..............................
300,000
100 34,507,100
Delaware dt Hudson—Stock........................................... .....
5,000,000
1st M. on Pennsylvania Div. ($10,000,000) U n c l r .... 1877 l,00 0A c
.... 1899 1,000
1,050,000
Equipm’t M., $150,000 payable May, y’rly. U s m
1900 10,000
2,500,000
Equipm’t deb., $2,500,000, $200,000 an’ly, Jan. 1 —
Guaranteed Bonds.—
1901
H u d .fo a l Co. deb ,’gu.,p. <fci. end., $100,000 y ’ly.
1,500,000
300,000
1,000
Bluff Point Land Improve. Co. lBtM.,gold,guar.c* .... 1890
1,000
Chat.Ore & I.,ref.M .,$1,750,000,call 105.Co.c*<fcr .... 1902
1,300,000
Adirondack Ry., Alb. & 8ns. RR,, N. Y. & Canada R R , C hateau gay RR. ,UticaClin. A
.... ....
Delaware Lackawanna dt Western—Stock.................
50 26,200,000
1,000
Con. M. now 1st on road A equip ($10,000,000) F c 194 1877
3,067,000
Delaware Maryland A Virginia—
39 1860
185.000
All
Junction A B —1st m ortgage............................
In year ending June 30, 1901, gross, $279,876; net, $122,982; ad
dition account expense of car trust, $113,245; interest and charges,
47,813; dividend (5 ^ p. c.), $44,000; depreciation o f equipment,
63,125; balance, surplus, $81,289.—(V. 72, p 675.)
C o r v a l l i s Sc E a s t e r n R .B .—Owns from Yaquina "o Idanah, Ore.,
142 miles. Land grant was 850,000 acres. Organized in Dec., 1897, to
purchase and extend the Oregon Central & Eastern, which was the
successor of Oregon Pacific, sold in foreclosure Dec. 2 2,1 89 4 . Stock,
$11,250,000; outstanding, *2,115,000. M ortgage provides for ex
tension eastward to Snake R iver in Malheur Co., and will cover all
railroad lines hereafter acquired up to 750 miles.
E a r n i n g s .— In year ending June 30,1901, g r o s s , $114,614; net,
$33,651; total deductions, $61,186. 1899-0, g ro s s , $112,556; net,
$26,814.—(Y. 66, p. 335, 573; Y. 68, p. 474.)
C o t t o n B e l t . —See St. Louis Southwestern Ry.
C u b a C o m p a n y .—V. 70, p. 841, 995; V. 71, p. 1166.
C u m b e r l a n d Sc O h io R R , , N o r t h . D i v . —V. 74, p. 477.
C u m b e r la n d Sc P e n n s y l v a n i a R R . —Owns from Cumberland,
Md., to Piedmont, Md., and several branches, 57 miles. Owned and oper­
ated by Consolidation Coal Co., which guarantees by endorsement the
first mortgage. V 52, p. 390. Stock, *1,500,000; par, $100. For year
ending June 30, 1901, gross, $812,077 ; net, $364,492 ; charges, $93.
202; dividends, $82,968; bal., sur., $188,322 In 1899-0, net, $164,102.
C u m b e r la n d V a lle y R R .—Owns from Harrisburg, P a., to Potom ac
River, Md., 82 miles (and with leased lines operates to Winchester, a
total distance of 116 miles). It leases—Cumberland Valley & Martinsburg Railroad, 34 miles; Dillsburg A Mechaniesburg Railroad, 7 miles;
Southern Pennsylvania Railroad, 21 m iles; leases Cumberland Valley
A Waynesboro RR., 18 miles; total operated, 163 miles.—(V. 6 1 ,p. 152.)
Stock .—Pennsylvania RR. owns $975,850 com. and $237,200 pref.
D ividends .—In 1880 to 1884, 10 per cent yearly; from 1885, to
July. 1902, both inclusive, at rate o f 8 per cent yearly.
E arnings . —5 months, > 1 9 0 2 .......... Gross, $448,233; net, $152,292
Jan. 1 to May 31.
) 1901............ Gcpss, 400,179; net, 125,008

t

R e p o r t .—E a rn in g s e n tir e lin e a s fo llo w s :

Fear.
Gross
Net
In t.,etc.
Dividends.
B al.,surp
1 9 0 1 .. .. $1,131,531 $425,482 $41,759 (8 p.c.)$142,228
$241,495
1 9 0 0 .. .. 1,052,378
255,218
42,536 (8p.C.) 142,228
70,454
-(V . 6 6 ,p .7 0 6 ; V. 6 8 ,p. 6 6 8 ; V. 70, p. .5 8 0; V. 72, p .391, 532.)
D a y t o n Sc M i c h i g a n H R . — {S ee M a p O in . H a m . A D a y . - O w n s
D a y to n , O .. t o T o le d o J u n e ., O.. 141 m iles. T r a c k a g e in to T o le d o . 1 t j in .
L e a s e .—Lea s e d M a y 1 ,1 8 6 3 , in p e r p e tu ity to C in cin n a ti H a m ilto n A
D a y to n . R e n ta l is th e in te re st a n d sin k in g fu n d o f d e b t, a n d 8 p er
cen t on p r e fe rr e d s to ck a n d -P-z p e r c e n t o n c o m m o n .
S e c u r i t i e s .- G u a ra n ty on p r e fe r r e d is s e c u r e d b y m o r tg a g e o f 18 7 1 .
ba t th e p r e f erred c a r r ie s n o v o tin g p o w e r . V. 56, p, 8 1 3 . M o rtg a g e o f
1 8 56 is h eld a liv e u n d e r m o r tg . o f 1 8 8 1 , w h ich is t h e r e fo r e a fir st lien ;
C en tral T ru s t & S a fe D e p o s it C o. o f C in c in n a ti, T ru stee.
D a y t o n U n i o n R y . —U n io n d e p o t a t D a y to n , O. S to c k , $ 3 2 1 ,0 0 0 ,
all c o m m o n , all o u ts ta n d in g . P re s,, M. E . I n g a lls ; S e c., R a lp h P e te r s ;
T reas., C. G .W a ld o , O ffice, C in c in n a ti, O.— V. 7 3 , p. 1 2 6 3 , 13 12 .
D a y t o n Sc U n i o n R R . —O w n s fr o m D o d s o n , O ., t o U n ion C ity ,
Ind.. 3 2 m ile s ; lea ses D a y to n to D o d sd o n , 15 m ile s ; to ta l o p e r a te d , 47
m iles. O pera ted by C lev ela n d Oirm. C h ica g o A 8t, L ou is, w h ich . J o in tly
with the C in cin n a ti H a m ilto n A D a y to n , o w n s th e c a p ita l sto ck .
Ail su rplu s e a rn in g s o v e r in te re st g o e s to a sin k in g fu n d for th e r e ­
dem ption o f b o n d s at n o t a b o v e 100. C a p ita l sto c k , $ 8 6 ,3 0 0 . F o r y e a r
ending O ct. 31, 19 01 , g r o s s , $ 1 8 0 ,4 1 5 ; n et. $ 8 7 ,9 4 5 ; o th e r in co m e ,
*1 2 ,9 2 8 ; c h a rg e s, $ 3 8 ,3 5 6 ; n ew c a r s p u rch a se d , $ 1 3 ,2 0 0 ; b a la n c e ,
surplu s, $ 4 9 ,3 1 7 .
D a y t o n Sc W e s t e r n B I t . —O w n - fr o m D a y to n , O ., to S ta te lin e
I n d .,88 m iles, and leases 4 m iles to R ich m o n d , fn d . L e a s e d from J a n . 1
1865, for 99 years re n e w a b le fo r e v e r , to L ittle M iam i, an d so o p e r a te d
by F lu sh . Cln. C h ic. A St L ou is. U n d er term s o f th e le a se , n o o n p a y ­
m ent o f th e I). A W , b o n d s th e L it tle M iam i w ill b e c o m e s o lo o w n e r
o f the D . A W . O f b o n d s $ 3 2 ,0 0 0 are 7s. S t o c k , $ 3 0 9 ,2 7 0 .
D e la w a r e H i t . —Hbellpot. C rossin g , D e l,, to D el m a r, M d ., 9 8 '2 2
m iles; b r a n c h e s , ( en tr e v ille , M d., to T o w n s e n d , D ei,, 3 5 1 5 m iles; C la y ­
ton , Dei , to O x fo r d Md , 54 -3 0 m ,; R ea ford, D el., to C a m b rid g e , .Mil,,
32*97 in,; C la y to n , D el., to Che t e ft o w a . Mil., 29*87 in .; o th e r b ra n ch e s ,
10-40 m .j to ta l. 2 5 7 -9 7 mil.--.
V. 67, p, 1356.
Leased till M ay 1. 1027, to th e P h ila d e lp h ia W ilm in g ton .V B a it.
w hich o w n s $1,004 ,4 ,75 o f the s to c k ; ren tal n et e a r n in g s see V.
64. p. 1000. D iv id e n d s 1898 t o J u ly , 19 02 , Inolu five, Op, < y e a rly . In
-.
year en din g O ct. 3 1 , 1901, g r a s -, $ 1 ,0 0 6 ,6 6 0 ; net, $4 5 0 ,4 2 8 ; eth er
In com e, $ 3 2 ,2 7 4 ; Interest, ta x es, e tc ., $ 2 5 3 ,4 0 2 ; d iv id e n d ■ (6 p. n.>,
1 7 9,22 7; b a l., s t ir , $ 5 0 ,0 7 3 .
In 1 8 9 0 -0 0 , g ro s s , *1,6 46,(50 0; net,
53 4,22 0, ( V, 08, p. 129.,
D e l a w a r e A' B o u n d B r o o k B i t . —O w n s from B ou n d B rook
(O w fcm l o f N, J,) t o D ela w a re R iv er, 27 r o ll# * ; branefoe* to T r e n to n , 7;
second track. 27 m ile s ; all tra ck 77 m iles. In M ay, 18 7 0 , leased for 9 9 0
years to Phila. A H eading RR. fo r $ 2 6 7 ,0 0 0 , p a y in g In te r e st and 8 n, e.
On sto ck ; lease assum ed b y P h ila . A fte a d ’ g R a il w a y . (V . OH, p. 7 2 2 .)
D e l a w a r e At H u d s o n C o . — r Hr-e M a p . ) —O p e r a te s r a ilro a d lin es
fr o m W llk esb a rre, P a., v ia A lb a n y , t c
y ., to R o u se 's P oin t, on
C a n a da lin e, w ith b ra n ch es, 6 6 1 m iles In all
N am e c h a n g e d from
D e la w a re A H u dson C an al CO,, A p ril 26, 1890. V. 68, p 0 7 1 . T h e
sy stem is w ell sh ow n on the a d jo in in g m a p , an d I n c lu d e s :

t

5
4 g.
5 g5 g8 in 1901
8
8 g.
5 g3is
8
5
7
4 g6A 7
6 in 1902
4 1 g.
s
4
8
7
4
7 in 1901
7
3 !s g .
4

A. A O.
F. A A.
A. A O.
M. A N.
Q .-J .
Q .-J .
A. A O.
A. A O.
A. A O.
Q .-J .
J. A J
J. A D.
J. A J.
J A J.
J. A J.
J. A J.
F. A A.
Q .-F .
F. A A.
M. A N.
Q—Mch.
M. A 8.
M.15AN
J. A J.

Co.’ s o ff, Lebanon, Pa.
New York City.
New York.
Guar. Trust Co. of N. Y.
Phila. A Chambersburg.
do
do
do
do
Boston, Inter Trust Co.
Cincinnati.
do
N. Y ., Kessler A Co., Cin.
N. Y., Am. Exch.Nat.Bk.
N. Y., Farm. L. A Tr. Co.
N. Y.. Bank of America.
Checks mailed.
Phila.,Broad St.Station
do
Phila., 240 So. Third St.
Phila., Guar.T. A S.D. Co.
Phila.,240 So. Third St.
N.Y.Of.,21 Cortlandt St.
do
do
do
do
do
do

Apr. 1, 1921
Feb. 1, 1998
Apr. 1, 1920
May 1, 1921
July 1, ’02, 2%
July 1, ’02, 2%
Apr. 1, 1904-8
Apr. 1, 1929
July 1, ’ 02,1%
July, 1902, 2%
Jan. 1, 1911
Deo. 1, 1909
July 1, 1949
Jan. 1, 1905
July 1,’02,3%
July 1, 1932
Feb. 1, 1912
May 20,’02,2%
Aug. 1, 1905
Aug. 1, 1905
J u n el6 ,’02,1%
Sept. 1, 1917
Y early to 1909
1903 to 1915

4
4 g.
4 g.
Bing.RR
7 in 1901
7

M. A N.
do
do
do
do
J. A J.
New York.
J. * J.
Schen ectady A Duanesburg —
Q .-J . N. Y., 26 Exchange PL
M. A 8.
do
do

May 1 , ’03-17
Jan. 1, 1940
Jan. 1, 1942
See those cos.
July21,’0 2 ,l%
Sept. 1, 1907

3

J. A J. Phila., Broad St.Station Jan. 1, 1933

Linesleased—f\Seethesecos. Miles.
Lines owned—
Miles.
Lackawanna & Susquehanna.. 22 UAlbany & Susquehanna........... 142
Valley RR. of P a ........................ 17 ITNew York & Canada................ 150
Honesdale B ran ch.................... 28 IfRensselaer A Saratoga............ 192
Schenectady A M echanicville. 10 ITUnion R R ................................... 22
Cherry Val. Sharon A Albany 21 ^Jefferson R R. (trackage)........ 35
7
TTSchenectady A D uanesburg.. 14 Other lin es...................................
Total operated.........................................................................................660
Also leases Utica Clinton & Binghamton and Rome A Clinton R R ,,
44 miles, sub-let to New York Ontario & Western.
The canal ceased to be operated in 1898, its cost was charged off and
bed sola in June, 1899. V. 69, p. 1061; V. 68, p. 566. In Mar., 1901,
additional coal properties were acquired, estimated to produce about
500,000 tons annually.—V. 72, p. 437, 1159.
H i s t o r y , E t c .— This company was chartered April 23,1 82 3 . It Is
one of the largest miners and carriers o f anthracite coal.
DrviD’ s.. <’83 ’ 8 4 ’8 5 ’ 8 6 ’ 87 ’ 88 ’ 8 9 t o ’ 96 ’97 to ’00 01
1902
Since '82%
7 7 6 j5 5 6
7 y ’rly. 5 y’rly. 7 In cL J u n e^ ^
Dividends for 1902 fixed at 7 p. c., payable quarterly.—V. 74, p. tt3.
B o n d s .—In 1899-00 issued $4,000,000 equipment trust 3^8 and de­
benture 4s, o f which $650,v 00 have been paid and the balanoe is paya­
ble $350,000 yearly V. 68. p. 670; V. 69, p. 1193; V. 70, p.125.
Cbateaugay Ore & Iron Co. $1,750,000 bonds are guaranteed by theD. A H ., $250,000 are to be reservedjfor future purposes and $200,000 to retire at maturity in 1907 $200,000 Cbateaugay Ry . 6 per cent
bonds. V. 73, p. 12e3.
G e -s e r a l F in a n c e s .— On May 9 ,1 8 9 9 , the stockholders voted to set
aside every year, as a sinking fund to retire stock and bonds and
guaranteed securities, an amount equal to at least five cents per ton of
coal sold or $175,000 to $200,000 per annum, to be charged against
income account each year. (V. 68, p. 926. See ordinance in fuli, V. 68,
p. 1180. Examination in 1898 showed tons o f ooal owned in fee bv
com pany, 165,186,393; tons of coal under lease, 58,361,400; total.
223,547,793. In 1900 $200,000 stock was retired from prooeeds o f the
sinking fund and $141,800 in 1901 and to June, 1902, $151,100. V.
72, p. 434.
E arnings .—E arnings o f leased lines in New York State for 3 m onths
ending March 31 were:

l

r -A lb a n y Sc Susqurh.—

—N .T .& C a n a d a .—
.

- R e n s . Sc S a ra to g a .—

3 months.
1902.
IwOl.
1902.
1901.
1902.
19u 1.
G ro s s............... $1,115,912 $1,281,300
$238, 19 $237,038
$657,916
$528,791
N e t...................
563,040
09^,813
89.033
86,870
123,800
127,421
Sur. over clips.
251,041
884.800 def.2,826 df.7,851 <31.183.67.1 df.187,429
A n n u a l R e p o r t .— Fiscal y e a r ends Deo. 3 1 . Annual meeting is h e ld
on the second Tuesday in May. Report fo r 1901 was in C h r o n i c l e ,
V 74, p. 475. See also editorial p. 452. Coal (anthracite) carried in
1901. 7,571,298 tons; la 1900, 6,228,770 tons; in 1899, 6,430,050 tons.
F e a r e n d in g D ec. 31—
1901.
1900.
$12,178,683
$11,485,187
N e t (ra ilro a d s) .......................
5,801,602
5,455,769
In te r e st, ta x e s a n d r e n t a ls .
2,998,672
2,941,873
P r o fit fr o m r a ilr o a d s .
N e t c o a l d e p t. .....................

$2,802,930
"1,801,146

D ed u c t—
D e p re c ia tio n o f p la n t, e q u ip m e n t, e t c . . .
F R e p e r c e n t sin k in g fu n d on c o a l m in ed

B a la n ce , s u r p lu s ....................................

$2,518,896
673,494

$4,604,076

$3,187,890

$1,000,000
233,369
(7)2,425,850

(7)$1,7 50,000

$944,409

$1,137,390

*KsimingH o f th e c o a l d e p a r tm e n t In 1 9 0 1 , $ 1 7 ,3 1 8 ,7 7 0 ; e x p e n s e s,
$ I 5 , 5 17 ,0 2 5 ; net, $ 1 ,* 0 1 ,1 4 5 .
In 11)00, $ 1 2 ,8 3 7 ,4 0 0 ; e x p e n s e s , $12,1 6 3 ,9 0 0 ; net, $ 6 7 3 ,4 9 4 .
’
O i- m c k k . . P resid en t, R o b e r t M. O iy p n u n t; T r e a s u r e r 0 . A . W a lk er;
h
S e c r e ta r y , K, M. O lyp h a n t,, 21 C o r tla iu ltH t., N ow Y ork . '
Manager* Robert M. Olyphant William It. TlllingbliHl Alexander 10. Orr.
cim uie .-y M. Depcw Juiue .1 W. Alexander, Horae (J. Young, .piliu Jaooh A m
tor. It. Soimtrs liayoa, Frederic Cromwell, David W lllw x . U Haydam Grant,
George I. Wilber, V. A . Peabody.- ( V. 7-1, | . 93, 2 0 5 , 4 7 5 . 1037. IOf H.)
>
D e ln vvii r e I .iii k i i u u u u u Sc W e s t e r n H R . — (S e e M a n .) Oper­
a te s m ain lin e from H o b o k e n , N. .1., o p p o s it e N. V. C ity, to B u lm lo, N. Y .,
4 1 0 m iles, w ith b r a n c h e s to c o a l r e g io n , etc,., 4 9 0 m iles, in c lu d in g ;
1 Lines owned—
Miles.
L in e s le a se d i| Son e a c h on. M i le s .
N. .1. State lin e to N. Y. l i n e ___ I 14
IIU Mon C h en a n g o A Husq .......... 07
B R u ch e s to N 'rth u n ib e iT iid .A o . 80 1 V a lley R R . o f N. Y ..................... 11
1
L in e s le a s e d —
If W a r r e n ....................
19
I
t Morris A Essex and branches.157 1|Sussex, A c ................................... 48
UN.Y. L a c k a w a n n a A W estern 21 4 B a n g o r a P o r tla n d R y . (V . 72,
IIGfiyugii A S u s q u e h a n n a .......... 34
p. 4 3 5 , A c . ) ......................
47
f!O sw e g o A S y r a c u s e ................... 3 5
1 ^ S y ra cu s e B in g . A N. Y. ............ HI
T o ta l o p e r a te d J a n ,, 1 0 0 2 ,9 4 7
H tsT o n v , E t c . -T h is is o n e o f th e m ost Im p ortan t o f th e a n th r a c ite
eon! roads. N o suh c o m p a n ie s (c o a l an d m in in g ) are eon tro lle d , l.lm r a il­
1 road o w n in g I h m in es. O rig in a l c o m p a n y ch a rtered In 1 8 3 2 ; p resen t
title assu m ed in 18 53 ,
its lea sed lik es are m o s tly h eld u n d er lon g
lea ses, and th e sy ste m Is c o m p a ct. In IHPt repi-rium taU vea o f th e
V a n d e r b ilts e n te re d th e d ir e c to r y , See V. 57, p. 721
D iv id e n d s —
JISSI
'82-’ 84
'85
*80 to July, ’02,

Since 1880, p. 0.

( 0%

8 yearly

7'a

7 yearly.

JNLooers

C h eb oy g a n
C arleton Jc,

Petoslcey

X avant

H a lb u rton

W.Chazy

"Pertl^cr
"Lyon Mt.

Tescottj
S Iu ( rb o t L a k e ]

G raverikurst

Alpena

CObocorik
/^Tra|pi*se C ity o
i//* P

H arr is v die o;

y Winterfield

\\V&oXi

Y Chase

C lifton H ines

/ B a ld w in o|

j W atertow n
B eeton

etts H a rv c -

N orth Cr
Glenns

G eoi^ etow n
P alin g

S aratoga Sp

G n e lp L § ^

^.^BaTlston

eeclspoiry,
YUufburir

Sai

A- Schenectai

Clifton

Coopers

Unlay
jPlint

P t . H u rpr^ m "

’IviTle
rinirne
}\ich ^

g ra n o

‘oventr;

LANSING

Lrcenc,

/ Athens
PhoeniciaT^Pc/ ^

liarlotte

/ Kingstopi

S. Haven
psilantj

ironic

—Tlamesi
B ra d for

VicTc3T>ure^--''V

Jm CXfo ev
\ ^ ’i ns ille

§ m m
H IC A G O ^

—/"Sturgis

^POUGHKEEPSII
Larabee
Stokesdale

Adrian

Goudersport
A s h ta b u la

/

E m p o riu m

.Paines

Adg w ay

.1aines T
*.

ifuE

b.

iLkes-

.

i^RRE

V v ra fto n
W ellington

Rensselaer
^
9ans/^
.Wabash
illuffuml

J K S p p itk Ms. x

Lima

Hartjbr

/ L\
ic
d
LMt/i eYnonC-— /^

B e lle fd iu a in e

l^Delaw^ le lC o slio cto n

Attic

J

(/\ S t e u b e n

^ P 7 u r u,,^\ :
'Y ^ s ewLast 1
Uumbridg]

•ingfieli

VS.

ltangoi^^t

J ills0
A llen tow i-

^^?Altoona>
^•HunUngdoi
„ ^ en N V 3ohn sto wn
^
/G reeh sbu rg
\

\/a

D re sd e j

A ndersoiv

fauiaqu

W heeling V
Uniontown

C o n n e lls v ilie

\ l Way^eaVg__

;t.Union

•

HARR1SBUR

Shippensburg

L ebanon
L an caster P H H A D f£^

York

CoatesvilUr
A ts io n

Bridgeport,

/Mlnerayrt. Jc.
V / / \_^3H yndm an

J

Z anesville

/L o n d o n

G ettysburg

C\W i l m i n w 3
^
*
O aT xpw nsertd

—T “ R

Lan

’red erick

C ircleville
Logan

IRunilton'
Columbl

Lawrence

emeu
\ A ia d is o n

nnes

Hitchell.

r fllils b o r d
le« t e r

G range

New A lb a n ^ ^ rC 0 U IS V h ± E

Monocacy
G ra fton i

Athens

/lla m d e n
'omeroy fte\
Gpll ip oils'

P orism ou tl

M A P OF TH E

x

D E L A W A R E , L A C K A W A N N A
#

H u n tin g ton

W E S T E R N

R .R .

A N D ITS CONNECTIONS.

Relay

W A S H IN G T ^

Aldxandriiy^
P opes
Fre de ricksbu rg

.ysville
Jefferson

.untingbur:

M arietta

C hfllicothe

MNC
OTU

Water Gat^jJ

NVLisboni

,, / \ /Y e l lo w CivOi
CanalX/
. n
1
B d vcr\ C n ch s Y . J

Maildry/^-^M G ilead

Kokopio,

/ h Chunk

MUesVg

r-'^KMannsfield /
1 —. Q / \
V
Gal ion"-—

/tenter

,-p
,te Haven V- Henry u d sb 'g M h
S lro

-^tUlNlBERU!

/ P o x b o iw
-New Castle

A llia n ce

restoiv

w/EN

Mercer
Ravenna

V

TobThanna^/^. 5

Franklin

Salisbury

INVESTORS’ SUPPLEMENT.

M uskegon

fords.

O
T icon d erog a :

>biladelpliia

Palmcvstun_/ ->

^FarweTl
Colemair
fBi^Rapids'
,dmore\

Au Sable0
^
r.
;p.Uenry

W ells1

T\eed City

---Pentwater

V -^\'P,ell°vme
Trenton

K in c a r d in e

Plattsburg ^

g d e/T sb u rg

»!yLpe KaTb Jc,

Colwell

'</\Tawas Cy.

Manistee

B rock v ille

p^S>Y5locloc Hd,

.wens

V/ M
/Z

"^V, Roscommon

W a lton

L a k efield

&
m

R AILROAD

Ju l y , 1902.]

STOCKS

AND

BONDS

Sift

Bonds—Princi­
IN TEREST OR D IV ID EN D S.
Miles Date Size, or
pal, W hen Due.
A m ount
of
of
Rate per When Where Payable, and by Stocks—
-Last
Par
For explanation o f colum n headings, &c., see notes
Road. Bonds Value. Outstanding
Cent. Payable
Whom.
D ividend.
on first page o f tables.
R A ILR O A D S.

Delaware Maryland < V irgin ia —( Concluded)—
&
19 1874
All.
Break. & Frank. 1st m. to State, red. aft. Jan .’95Other m ortgages ..
................................ . . . . c *
Delaware River RR. & B ridge—
10 1896 $1,000
1st M .f $1,300,00 , g g u . p.& i.,Penn. R R ,G P . c x
....
....
Delaware Susq. & S. R R .—Stock (auth. $1,500,000)
50
48 1894
1,000
1st m ortgage bonds ($1,500,000) g o ld .................c*
1890
Denver Lakewood & Golden—1st m o r tg a g e .F .......
Denver & Rio Grande—Stock, com ., (see t e x t )...T r .
100
100
Pref. stock, 5 per cent non-eum., $ 44 ,4 0 0 ,0 0 0 ,T r
1st cons. mort. fo r $42,000,000 >
TT_
_
. r 1,621 1886 500 &c.
1,000
^ 1,621 1886
(now 1st m ortgage)................... 5
Im nrovem ent m ort. ($5,000 per mile) g .. Us.c^&r 1,621 1888
500
180
890
1,000
R id Grande South’n 1st m ort., g u a r .C e .......—
62 1889
R io Grande Junction 1st m ortgage, g u a r..C e .c*
1,000
R io Grande W estern -S ee that com pany.
Denver a -ouihwestern—Common stock ....................
....
....
100
.. ...
100
Preferred stock, 5 per cent, n on cu m .....................
41 1895
1,000
Mid. Term 1st m ort., gold, sink, fu n d ...........F c*
1,000
Gen. M., $5,500,000, s. f., n ot subj. to ca ll.C o .c*
127 1899
Des Men'llcji fa V ort Dodge—Common stock .............. .
100
100
P referred stock, 7 p. c. non-cum ...............................
1874
1,000
IstM . 1
secures
s Series A, int. guar., e n d .,F
1,000
Do. > both equally / 8eries B, int. gu a r.,en d .. F S88S 1874
55 1881
1,000
1st m ort. on extern, Tara to Rnthven, int. g u .. F
75 1901
1,000
D .M o.Ia F.dN o — stM .,$14,0 0 0 p .m .,g.red .C ol.c*
Dm M
cri.n.pjt rj'nxon.—Stock, $2,000,000 __________
100
3*7 1887
1,000
1st M. fo r $800,000, g o l d ....... ........................ Ce.c~
1,000
Detroit Grand Raven & Mil.—1st equip. M. g u . . . .c* 189 1878
189 1878 200 <fec.
Consol, m ort., guar, (option—see t e x t ) .............. c*
65
100
Detroit Hillsdale & S. W .— St’ k ,4 p . c .re n t’LL.S.&MS.
Detroit Grand Rapids & Western — See P e r e M a r q U E T T E RR.
% Of w hich 4100,000 on N ov. 30, 1901, intreasur y and $1 9,0 00 in th
F i n a n c e s .— The refunding of Morris < E ssex bonds m aturing prior to
fe
N ov., 1902, w ill reduce tlie guar, interest charges o f th - latter about
$200,000 yearly; W arren RR. refunding in 1900 and 1905 w ill reduce
Charges about $50 000 annually.—V. 10, p. 477; V. 71, p. 1066.
E a r n i n g s .— E arnings of leased lines in N ew Y ork State fo r three
m onths ending M arch 31 w e r e :
3 months—
Gross.
Net.
Int., taxes, <£c. B a l.y$vr.
1902.......................... $1,796,266
$822,350
$616,428
$205,922
1901.......................... 1,964,117
885,687
619.524
266,163
A n n u a l R e p o r t .— Fiscal year ends D ec. 3 1 . Annual m eeting is held
on the Tuesday preceding the last Friday in February. The'reporr for
1 90 1,with balance sheet, was in C h r o n i c l e , Y. 74, p. 474. See also edit­
orial, p. 453. The to! .ow ing includes ail lines except Syr. Bingh’ ton <
fe
N. Y ., Sussex RR., B angor ^ P o r tla n d and Lack. & M ontrose R R .:
1900.
1899.
Year end. Dec. 3 1 .
1901.
$4,186,232
$3,951,051
Passenger earn in gs................... $4,522,383
15,707,945
15,195,510
Freight earn in gs....................... 17,418,033
1,506,021
1,666,126
M iscellan eous..............................
1.567.218
$23,507,634 $20,887,763 $21,325,122
$8,753,912
$6,265,484
Net after taxes............................ $9,122,216
*1,200,082
*904,173
Coal departm ent (net).............. *1,638,64 3
577,181
641,943
Other m iscellaneous in com e..
441,390
$8,107,509 $10,235,266
T otal net in com e.........$11.202.248
$5,365,012
$5,391 990
Interest and rentals.......... $5,387,854
1,402,104
12,2fc5
261,212
Rentals, advances, e t c ....
R enewals and betterm ents.............................. 2,523,127
1,834,000
1,834,000
Dividends (7 j*. c>......................
1,834,000
Balance after dividends___sr.$ l,1 9 6 ,0 5 4 sur.$896,232 sr.$ l,60 7,17 2
* Earnings of the coal departm ent in 1901, $27,118,214; expenses,
$25,479,571; net, $1,63*^,643; 1900, $22,261,887; expenses, $21,061,805; net, $1,200,082. n 1899, $23,136,863; net, $904,1 3.
O f f i c e r s .—President, W. H. Truesdale; Chairman o f Board, Samuel
Sloan; Sec and Treas., Fred F. Chambers, 26 E xch an ge Place, N. Y.
BOa RD.—S - n uel Sloan (Chairm an), Fredk. W . V anderbilt, W m . W. A s for,
Eugene Ritfgina, H enry A . C. I ay lor, J. R< gers M axw ell. G eo. F. Baker, W m.
R ockefeller, HaoiiUon M cK. T w om biy, Jam es Stillm an,M . T a ilo r Pyne, Harris
C. Fahnesioek Fiank W ork. Joh n D. R ock efeller Jr.
—(Y . 7 3 , p. 287, 1 0 10 ; V . 7 4 , p . 326, 4 T 4 , 1 1 3 9 .)

D e l a w a r e M a r y l a n d Sc V i r g i n i a I t I I . —Owns from H arrington
to Rehoboth. D e l., 4 4 miles; Georgetown to Franklin City, Va., 5 4 m iles;
total, 9 8 miles. Controlled by Pbila. Wilm. fa B a lt., which owns $ 3 2 6 ,200 of th e $526,7**8 s t o c k (par $ 2 5 * , and so by P e n n s y lv a n ia HR. S ee
V. 5 0 , p , 4 9 8 . L o a n s a n d b ills p a y a b le , O c t . 3 1 , 1 9 0 1 , $ 1 8 4 ,8 0 0 ; o t h e r
flo a tin g d e b t , $ 4 7 2 ,0 9 2 . In y e a r e n d in g O c t. 3 1 , 1 9 0 1 , g r o s s , $ 2 4 2 ,6 1 0 ;
n et, $ 9 ,1 1 7 ; in t e r e s t , t a x e s , e t c ., ^ 4 9 ,2 9 2 ; b a la n c e , d e fic it , f o r y e a r ,
$ 1 9 ,5 7 5 . b u t th is d o e s n o t in c lu d e in t e r e s t on t h e flo a t in g d e b t , w h ic h
w a s In 1 8 9 9 -0 0 , $ 4 6 0 ,2 u 0 .
D e l a w a r e I t l v e r R R . Sc B r i d g e C o . — O w n s a b r id g e o v e r t h e
D e la w a r e R iv e r n e a r P h ila d e lp h ia a n d a b o m 1 0 m ile s o f c o n n e c t in g
r a ilr o a d . C a p ita l s t o c k ($ 1 ,3 0 0 ,0 0 0 ) is a ll o w n e d b y t h e P e n n s y lv a n ia
R R ., w h ich g u a r a n t e e s th e b o n d s , p r in c ip a l an d In te r e s t, b y e n d o r s e ­
m e n t o n e a c h . D iv id e n d f o r 6 toon ., 2 p . e., p a id D e c . 2 0 , 1 9 0 0 ; 1 0 0 1 ,
J u n e 2 0 2 p . c .; D ec*, 2 p c . S in k in g fu n d is o n e p e r c e n t , b u t b o n d s
c a n n o t he c a lle d . S ee b o n d s a n d g u a r a n t y in V . 6 3 , p. 1 0 6 2 ,1 1 5 9 .
D e l a w a r e M imcj ii c h a n it a S c S e l l t iy I k i l l R R , — O w n s m a in lin e
from D rl fie r i, P a ., t o G o w e n , P a ., 31 m ile s ; b r a n c h e s , 17 m i le s ; to ta l
o w n e d , 4 8 m ile s.
T r a c k a g e - L e h ig h V a lle y R R ., e t c ,, 133 m ile s
O p en ed F eb. 15 1 8 9 2 , T h e r o a d Is c o n t r o lle d b y C o x a B r o t h e r s Si C o .,
Dm,, the c o a l m in e rs. D i v i d e n d s O c t. 1 8 , 1 8 9 2 , 4 0 p. c. in ca sh ; N o v .
25 , 1 8 9 3 , 2 0 p. o. In c a sh a n d 5 0 p . o. in s to c k ; S e p t. 2 0 , 1 8 9 4 , 2 0 % p, c.
In c a s h ; N o v . 3, 1 8 9 9 , U N o v . 3, 1 9 0 1 , 4 p, e. c a s h y e a r ly (p a id .1 J .);
in 1 9 0 2 , May* 28? p. o* M ort, tr u s te e T r u s t C o. o f N orth A m e n c a , P b ila .
E a a N i M H . l n y e a r 1 9 0 0 0 \ g r o s s , $1 ,14 5 ,2 6 2 ; n e t, $ 1 1 1 ,4 8 2 ; Iri ter.
eat, $ 3 5 ,^ 0 7 ; d e p r e c ia t io n , $ 5 0 ,0 0 0 ; b a h , s u r p lu s , $ 5 6 ,2 1 5
O e * iI o n R o n l » a m Sc N e w O r l e a n s I t '
D» nlnon to B o n h a m ,
T e x , 2 9 D rie s
O p e r a te d s in c e c o m p le t io n D ec. J, 1 9 0 A, by 1 he M o.
K a n sa s fa T e x a s u n d e r a D n - je a r c o n t r a c t . S t o c k , $ 1 8 0 ,0 0 0 Jn J u n e ,
1 0 0 2 , a p lic a t io n w a s m a d e f o r p e r m is s io n to is su e $ 4 o«»f()0 o p o n d s .
P r e s id e n t, JKd, D . S t a g e r ; S e c ,, J o h n VV. R u s s e ll. (V . 7 4 , p. 1 195.)
D e n v e r L a k e w o o d Sc G o l d n I t t t , —*K m b r a c e s 2 7 m ile s o f
tr a c k , o f w h ich 2 2 s t e a m , D e n v e r to R a ls t o n , a n d 5 t r o lle y , D e n v e r to
B a rm a n . W W . H orst, r e c e iv e r . On .May 17, 19**2, fo r e c lo s u r e d e e r c o
W as e n te r e d , V 7 4 , p. J 1.9 9. B lo ck , $ 3 ,0 0 0 ,0 0 0 , F o r 19 00 0 1 , g ro s s ,
$ 5 3 ,4 4 4 , n e t, $ 1 2 7 1 9 . P r e s id e n t, B a m u el N cw h O iise. V. 7 4 , p. 3 139.
D e n v e r N o r l i w o t o r n Sc P w r l l l f , R y . — P r o je c t e d fr o m D e n v e r
t o Halt L u k e, 5 2 5 m ile s , a lo n g a lin e a b o u t 1 0 0 m ile s s o u th o f th e
! f n i o n P ac ifle slid »2 5 n >1 • » nor t h f > t b« 1n*nv c r fa R o ft r ■
.1
f
>
iftde, j% d
n
t h e n c e to nan F r a n c is c o , f r ic o r p o r a te d in J ul - . 19 0 2 , *4th $ 2 0 .0 0 0 , duo
a u th o r iz e d s t o e k .o f w h ich $ 1 0 ,0 0 0 ,9 0 0 p r e fe r r e d V. 7 5 . p. I 4. H alls,
it Is * r a te d , h ad t e e n o r d e r e d in J u n e , i »02. D a v id 11 *1ofTs.r. o f D env e r , is pr* m u tin g th e e n te r p r is e . B o n d s p r o p mu d, $ 2 0 *0 0 0 , 0 0 0 , (Y . 7 5 , p . 184.)
D e n v e r A H I o f* r n f i d e R It , — ( B e t M a p ) K o a t> T h e lin es o f th is
C om p a n y , w ell s h o w n on th e a d jo in in g m a p , r e a c h 'a ll th e Im p o rta n t
p o in ts in D olor a d o , w h ile Its s ta n d a r d g a u g e lin e fr o m D e n v e r v ia P u e b lo
w e s te r ly , v ia L ead vlIJ e a n d G ra n d J u n c t io n , fo r m s a lin k In th e tr a n s
C o n tin e n ta l r o u t e t o O g d e n , B alt L a k e c i t y ,
in c lu d in g :

$200,000
650,000

J. & J. P bila.,B road St.Station
do
do

3
4

1,300,000
± g- F. & A.
1,500,000 See text. M. & N.
550.000
6 g. A. & O.
627.000
6
38,000,000
44 345,880 5 in 1902 J. & J.
fc
31,050,000
4 g. J. < J.
6,382,500
4 ^ g . J. & J.
8,120,000
5 g. J. & D.
X 2 ,277,000
4 g J. & J.
1,850,000
fc
5 g. J. < D.

Jan. 1, 1932
Overdue.

Philadelphia. Pa.
Aug. 1, 1936
D rifton, Pa.
May 1, ’02,21s
Philadel., Co.’ s Office. Apr. 1, 1909
Office, 195 B ’ w ay, N. Y.
N. Y ., Fourth Nat. Bank.
do
do
do
do
N. Y ., M aitl’ d, O. & Co.
do
do

J u ly 15,’0 2 ,2 ^
Jan. 1. 1936
Jan. 1, 1936
June 1, 1928
Ju ly 1, 1940
D ec. 1, 1939

3,000,000 See te x t Q —F.
Checks mailed.
2,000,000 See text. Q .- F .
do
do
509,000
5 g. J. & D. N. Y ., Farm. L. fa T. Co.
114,923,000
5 g. J. & D. N. Y ., K essler fa Co.
4,283,000
763,500 7 in i9 0 2 August. Chicago, C. R. I. fa Pac.
4
J. & J. N. Y ., Chic.R.I.& Pac.Co.
1,200,000
1,200,000
do
do
2*3 J. & J.
4
do
do
672,000
J. & J.
1,000,000
5 g. J. & J. N .Y., C olonial Trust Co.
400.000
671.000
N. Y ., Central Trust.
5 g. M. & N
A. & O. 5 Nat. Bk. o f Comm’ ce >
6
2,000,000
A. & O. l N. Y. and London. 5
3,200,000
6
1,350,000
4
J. & J. N. Y ., Farm. L. & Tr. Co.

F eb .2 0 ,’ 0 2 ,113
F e b .2 0 ,’02,1k*
Dec. 1, 1925
Deo. 1, 1929

e sinking fu nd.

A u g .1 /0 2 ,7 %
Jan. 1, 1905
Jan. 1, 1905
Jan. 1, 1905
J u ly 1, 1931
N ov. 1, 1917
N ov. 14, 1918
Nov. 15, 1918
July 5, *02, 2%

x A Iso $ 2 ,9 3 3,0 00 n ot guaranteed.

Miles.
Road ow ned and op era ted. ..1 ,6 4 2
Rio Gr. Jc. R R ., etc. (lea sed ).
62
Leased to R io Grande W est..
18

M iles.
O f the preceding:
Standard g a u g e . . . . . . ............ 810
(Of wliich 346 is 3d rail.)
N arrow gauge o n ly.......... ....... 912
T otal June 3 0 ,1 9 0 1 ............ 1,722 2d track and 3d ra il................ 381
Branch, T exas Creek to W estcliffe, Col., 26 miles, was opened in
June, 1901, and another from Moffat, Col., to Crestone, 18 miles, com ­
pleted in N ov., 1901. R io Grande W estern, see that co., also >elow.
H i s t o r y .— Reorganization o f a railw ay com pany o f sam e nam e fore­
closed Ju ly 12, 1886. The R io Grande Junction is leased join tly by
this com pany and the Colorado Midland, and its bonds guaranteed.
The Missouri P acific early in 1901 acquired $ 1 4 ,8 0 0 ,0 0 0 com m on and
$7,300,000 p referred stock, this, togeth er w ith the R ock efeller inter­
ests, it is understood, constituting a con siderable m ajority o f the en­
tire s to ck .- Y. 72, p. 338, 580, 1238; Y . 73, p. 506.
D i v i d e n d s since ’ 91 > ’92 ’ 93 ’ 94 ’ 95 ’ 96 ’97 ’98 ’ 99 ’00 ’ 01
1902
on pref., per cen t......... s 0
2 0 0
2 2 2^ 4
4 5
5
B o n d s . —Consols fo r $6,900,000 origin ally reserved fo r extension t o
Ogden (made unnecessary hy acquisition 01 R io Grande Western) m ay
be used fo r other capital requirements. V. 73, p. 507. See abstract
o f m ortgage in C h r o n i c l e , Y .47, p. 228.
The improvement mortgage abstract was in C h r o n i c l e , V. 47, p. 229.
The stockholders voted on May 15, 1901, (1) to acquire the com ­
mon and preferred stocks o f the R io G rande W estern Ry., (2)
to can cel the D. & R. G., $4,350,000 preferred and $7,500,000
com m on treasury stock reserved to acquire the Rio Grande W estern
and thereupon (3) to increase the preferred stock from $23,650,000 to
$44,400,000, (4) to issue $6,900,000 consolidated m ortgage bonds
for future requirem ents. Of the new preferred stock, $12,500,000
was subscribed by stockholders at 90 and used to acquire practically
the entire R io Grande W estern com m on stock
A bou t $7,450,000
of the $7,500,000 preferred stock of the latter w as exchanged
In 1901-2 for preferred stock o f the D enver Com pany on basis of 10
shares of W estern fo r 11 share* o f D en ver stock. Through the R io
Grande W estern the Utah Fuel Co. was acquired.—V. 72, p. 775.
L a t e s t E a r n i n g s .— F ro m J u ly 1 t o M ay 3 1 , 1 1 m o n t h s :
11 mo 8.—
Gross.
Net
Oth. inc.
Charges
B a l.,su r.
1 9 0 1 -2 ...$ 1 0 ,6 - 0,892 $4,022,282 $127,729 $2,279,302 $1,970,710
1 9 0 0 -1 ... 10,463,152
3,941,301
108,206
2,193,135
1.856,372
A n n u a l R e p o r t .— Full report fo r 1900-01 in V. 7 3, p. 492, 506. See
also p. 470.
Year ending June'SO— 1901.
1900.
1899.
1898.
A verage miles opeFted
1,668
1,674
1,670
1,666
$
$
$
$
Gross e a r n in g s ......... 11,452,404 10,246,080 9,270,246
8,342,926
Net earnings............
4,328,506 3,760,241 3,559,897
3,325,326
Other in c o m e ........... .
111,374
113,684
110,327
62,403
Total net in com e........... 4,439,880 3,873,925 3,670,224
3,387,729
Interest on b onds......... 1,855,122
1,882,106 1,900,810
1,997,950
Faxes and insurance..
396,471
357,527
337,552
362,098
New e q u ip m e n t.................... .
130,161
177,590
M iscellaneous...............
274,864
319,829
275,133
179,179
Dividend on pref. stk .(5) 1,182,500 (4)946,000 (4)946,000 (2 ^ )5 9 1 ,2 5 0
Balance, su rp lu s.------ -

730,923

238,302

33,1 9

257,252

O f f ic e r s — C h a irm a n o f B o a r d , G e o r g e J. G o u ld ; P r e s id e n t ^ . T. J e f­
fe r y ; V ic e -P r e s , a n d G e n M g r , R u s s e ll H a r d in g ;T r e a s ., J. W . G illu ly ;
See. a n d C o m p t r o lle r , S te p h e n L it tle . Office, 1 9 5 B r o a d w a y , N . Y.
Directors. Doorge J. Mould. Mortimer D Held IT IRlwurd IX. Harrlman,
.
Winslow 8, Ph reo find Arthtir Coppoll, New York: UI.T. JoflVsry, Denver, Col.; 0 ,
CL W arner and Runnel I H a rd in g, H Louis; Edward O. W o l c o t t , Denver.
fc.
— (V . 7 3 , p . 2H H , 1112 , 5 0 6 , 0 1 5 , 8 4 2 , 1 0 1 0 ; V, 7 4 , p . 4 7 7 , 5 7 0 0
D e n v e r Sc N o u t l i w e s t e r n I I y . — D iv id e , Col., to C r ip p le C r e e k
a n d F lo r e n c e , ©to., 7 7 m ile s ; V i c t o r to I s a b e lla , 0 m ,; b r a n c h e s a n d s p u r s
to m in e s , e t c ., 47 m ile s : t o t a l, 1 3 0 m ile s , o f w h ich 43 m ile s s t a n d a r d
g a u g e , in c o r p o r a t e d in N o v ., 1 8 9 9 , to a c q u ir e M id la n d T e r m in a l
R y ., F lo r e n c e fa. C r ip p le C reek R R ., G o ld e n C ir c le li f t ., L a B e lla M ill
W a te r fa P o w e r C o ., C o lo r a d o T r a d in g fa T r a n s fe r (jo , a n d .$ 2 2 5 ,0 0 0
b o n d s o f U n ite d S t a le s R e d u c tio n fa R e fin in g O o. Bee p r o s p e c t u s , V .
0 9 , p. 8 5 1 , 1 0 1 1, 1 1 0 3 ; V. 7 2 , p. ft8 4 ; V , 7 4 , HBO; a ls o a d v . In Ciiuom GLlO
o f M a r oil 3, 1 9 0 0 , p. lx .
S t o c k a n d B o n d s , C om m on sto c k , $ 3 ,0 0 0 ,0 0 0 ; 5 p. 0, n on -cu m . p r e ­
ferred s to ck , $ 2 ,0 0 0 ,0 0 0 ; all Issued. O f t he gen. m o r t 3 0 year fm $ 5 7 7 ,0 0 0 w ere reserved to redeem the o u tsta n d in g $ 5 7 7 ,0 0 0 M idland 5 a, th e
o n ly u n d erly in g bond© rem a in in g unreM rcd; $ 1 0 0 ,0 0 0 have been p u r-

ebased by the sin kin g fu n d , and $ 1 0 0 ,0 0 0 p u rch a sed from ftUrpluB
ea rn in gs are held in the treasury aft an asset
V. 74, p. 8HO. .Sinking
fu n d o f $ 0 5 ,0 0 0 y e a rly w ill retire b o n d s p u rch a sa b le In the op en m a r­
k e t a t n o t e x c e e d in g (10*
D iv id f . ndh, On co m m o n , 1 G p, 0, q u a rterly M ay 1. 1900. to Feb 1,
19 0 2 , D id ,; p r o f., 1 l4 p. e. q u a r t o r ly M ay V J0 0 0 . to F eb , 1, 19 0 2 , tool.
In M ay, 10 02 , d iv id e n d s w e r e d e fe r r e d h ecu u o o f r a te w a r , w h ic h
w as settled D, J u ly , 1902. V, 7 4 , p, 0 3 0 ; V. 7 5 , p. 2 9 , 70.

E f f o r t , He p o rt fo r y e a r en d in g N ov, 30, HH)I, w as In V, 74,
n HHO, show lug gros-' $ (,8 4 0 ,0 0 9 ; n d , $ 0 0 0,06 I ; I n t e r e s t on bon d s,
$ 2 7 2 ,4 2 0 ; sin k in g fu n d. $ 1 2 3 0701 d lv on j ref. (5 in c.) $ 1 0 0 ,0 0 0 ; d lv.
o n corn. (0 p e ), $1 -0 ,000; hah, d e ficit, $1.5,751. in 1800 19u(), grosft,

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RAILROAD STOCKS AND BONDS,

J u l y , 1902.]

ft7

Ronds—P rin ci­
INTERE8T OR DIVIDENDS.
Miles Date Size, or
pal,When Due.
Amount
of
When Where Payable, and by Stocks—Last
of
Par
Rate Per
For explanation of column headings, &e., see notes
Road. Bonds Value. Outstanding Cent. Payable
Whom.
Dividend.
on first page o f tables.
RAILROADS.

Detroit Lansing < Northern—See P e r e M a r q u e t t E RR.
6
All 1895
1,000 $1,050,000
Detroit < Mack.—“ 1st lien,” $1,500,000. g .I H o ..c ‘
£
4 g- J. & D. N.Y., J. P. Morgan & Co.
A ll 1895
do
do
1,000
1.250.000
“ Mort. bonds” $2,500,000 gold, red.at par.M o.c*
1 g- J. & D.
Detroit Monroe <6 Toledo—Bee L. S h o r e & M i c h . S i .
1,000
4.000. 000
Det. So.—1st M., g.. $4,500,000, red. to ’06 at 105.Ce 263 1901
4 g. M. & 8. N.Y.,Colonial Trust Co.
408 1901
2.750.000
4 g. J. & D.
do
do
Mortgage, $10,000,000 g o ld ,C o ..........................o*
1,000
___ __
Ohio South’n, equip, notes, due $6,560 m onthly.
ab out 300,000
5& 6
m•
A. & 0. N. Y., 143 Liberty st.
100
140.000
6
Dover <6 Rockavoay—Stock,6 p. c., rental 999 years. m m
5 1881
35,000
6
J. & J.
do
do
1.000
1st m ortgage................................................................
1,000
5.425.000
Dub. dt 8 . City—HI. Cen., W. lines, 1st M.,g.Us.o*&r 218 1895
4 g. F. & A. N. Y ., Office, 214 B’way.
184 1869 500 &c.
A. & O.
do
do
Iow a Falls & Sioux City 1st M., Ia. F. to 8. C ity..
2.800.000
7
8.430.000 Deposite d to sec ure HI. Central bonds.
Cher & Dak.,C. R. &C. and Om ahaDiv.,etc.,lstM . 328 ’ 88-00
A. & O. N. Y., Of., Empire Bldg.
Duluth & Iron Range—l e t m o rtg a g e .M p .........o&r 184 1887 l.OOO&c
6.732.000
5
6
J. & J.
do
do
1,000
2d mort., currency, red. at 105, $5,000,000,Ce.c* 184 1896
See text.
1892
65
1.174.000
Duluth Missabe < North’n —1st mort., gold, s. f ___
2
6 g. J. & J.
130 1893
1,000
1.850.000
1st consol. M., $3,500,000, g., call at 105.......... Ce
6 g. J. & J. N. Y ., Central Trust Co.
130 1898
do
do
1,000
2d mort. ($5,000,000) gold, red. at 1 0 5 ........ Ce.o
4.658.000
5 g. J. & J.
1,000
1.077.000
A. & O. New York, 44 W all St.
Duluth So. Sh. < A tlantic—Marq.H. & On. gen.M. C e.o* 156 1885
2
6
do
do
1,000
Duluth 8outh Shore & Atlan., 1st M., gold.Ce.c&r 416 1887
3.816.000
5 g. J. & J.
1,000
First consol, mort., gold, interest guar.C e.c'& r 572 1890
15,107,000
4 g. F. & A. New Y ork or London.
New York.
Inc. certs. ($3,000,000 held b y C. Pac. July, ’01) . . . . 1892
3.000. 000
4
....
....
Car trusts June 1 ,1 9 0 2 .............................................
349,083
1,000
See text.
Dul. Ya. & R ainy Lake—1st M., $2,000,000, g -..c * . . . . 1902
5 g. M. & S. Minneapolis, Minn.
35
N. Y .,N . Y. Cent.& Hud.
1,000
D unk.Al.Val. < Rittsb.—1st M., old 7s, to be refund.
2
2.900.000
....
.......
Dutches8 County—Bee C e n t r a l N e w E n g l a n d .
1873
1,000
East Broad Top RR. < Coal—1st m ortgage........... r
2
4
J. & J. Jan., ’ 85, int’ stla st pd.
500.000
__„_
J.& D.15 Phila., Pa., Read, Term.
50
East Mahanoy RR.—Stock...........................................
5
497,750
__m
36
50
J. & J. Phil., Phil. & Read. Ry.
East Pennsylvania— Stock 6 p .c gu.999yrs.Phil.&R.
1,730,450
6
36 1888
do
do
1,000
IstM ., g o ld , g u a r. p.&L b y P . & R. RR. (e n d .) ...c *
495.000
4 g. M. & S.
Easl Tenn. Ya. c2 Oa— S ee S o u t h e r n R t .
31 1881
M. & N. Phila. Gu. T. & S. D. Co.
6
East Tenn.dt IF. N. Car.—lstM .$250,000. G u P .cur.c.
250.000
—
—
Eastern Kentucky Ry.—Stock ($1,779,500 is pref.)
100
3,447,300
$2,481,567; net. $973,395. President, W. K. Gillette Secretary and
Treasurer, J. P. Cobb. Office, 52 Broadway, N. Y .—(V. 75, p. 29, 76.)
D es M o in e s Sc F o r t D o d g e R R . —Owns Des Moines to Ft. Dodge.
Ia., 88 m., and Tara to Ruthven, 55 miles; trackage, Illinois Central, Tara
to Fort Dodge Junction, included above. Leased Jan. 1,1887, to Chic.
Rock Isl. < Pac. for 18 years at rental of 30 per cent of gross earns., with
fe
a guarantee of 4 per cent interest on the Series A bonds, and 2 tj per
cent per annum on the Series B bonds, both series being equally secured
by the m ortgage o f 1874. The series B were originally 6 per cent in­
comes, but their coupons have been stamped, reducing the interest rate
to the 2 ^ p. c. guaranteed. Preferred stock is entitled to 7 p. c. noncumulative dividends, then com mon to 7 p. o. after which both share
equally. In 1901-1902 newparties purchased stock. V. 74, p. 1038.
D ividends .— ? 1893
’ 94
’ 95
’96 t o ’93
1899 to 1902
on pref. (p. c.) >
2
4
4
6 yearly
7 yearly
Rental for year ending Dec. 31,1901, $207,573; for 1900 was $189,894.—(Y. 72, p. 1135, 1 2 3 5 ; Y. 7 4 ,p 1038; V. 75, p. 1 3 3 . )
D es M o in e s I o w a F a lls Sc N o rth e rn R y .—Under construction
in April, 1902, from Iow a Falls, Ia , to Des Moines, 75 miles ; in opera­
tion Iowa Falls to McCallsburg, 27]2 miles. Stock authorized, $ l,2 o0 ,010. Bonds are subject to call at 105 on and after July 1, 1906; they
are limited to $14 000 per mile, with $50,000 additional for Des Moines
terminals. President, E. S. Elsworth, Iow a Falls; Sec., J .H . Funk;
Treas., W. H. W o o d s .-(Y 73, p. 1159; V. 74, p. 1038.)
D es M o in e s U n io n R y .—Terminal road in Des M oin es; owns 3*7
miles main track and branches, 9 -7 miles 2d and side tracks, bridge
across Des Moines River and 25 acres of land in Des Moines. See
statement to N. Y. Stock Exchange V. 65, p. 1173. Leased to Wabash.
RR., Chicago Great Western and Chic. Mil. & St. P. Ry Rental equal to
expenses and fixed charges paid monthly by lessees on wheelage basis.
Bills payable June 30, 1900, $59,000. Earnings for year 1900-01,
gross, $170,283; net, $48,669; charges, $48,669.—(V. 70, p. 230.)
D etro it G ra n d H a v e n Sc M ilw a u k e e R y .—Owns from De­
troit to Grand Haven, Mich., 189 miles. A reorganization of Septem­
ber, 1878. The principal and interest on the bonds are guaranteed by
the Grand Trunk of Canada. Stock, $1,500,000; par, $50. Real estate
bonds or mortgages, $226,000. On June 30, 1901, sundry outstanding
accounts, $356,520. Grand Trunk of Canaaa owned Dec. 31,1900,
the $1,500,000 stock. As to offer tobondholders in l9 0 0 , see V. 7 1 ,p. 84.
For year ending Dec. 31, 1901, gross. $1,077,220; net, $283,270;
Charges, $362,500; bal., def., $79,230. For 1900, gross, $1,006,323.
D etro it G ra n d R a p id s Sc W e s t e r n .—See Pere Marquette RR.
D etro it H ills d a le Sc S o u th w e ste r n R R .—Owns from Ypsilanti,
Mich., to Bankers. Mich.. 65 miles. Leased in perpetuity from July 1,
1881, to the Lake Shore & Michigan Southern Co.; the rental is $54,000
per year—4 per cent on stock.

June 1, 1995
June 1, 1995
Mch. 1, 1941
June 1, 1951
To 1905
Apr., 1902, 3%
Jan. 1, 1906
Aug. 1, 1951
Oct. 1, 1917
Oct. 1,
Jan. 1,
Jan. 1,
Jan. 1,
Jan. 1,
Apr. 1,
Jan. 1,
Aug. 1,
Dec. 31,
1903 to
Mch. 1,

1937
1916
1922
1923
1918
192J5
1937
1990
1912
1906
1922

July 1, 1903
J’ne 15,’02,2ifl
July 1 6 /0 2 ,3 %
Mch. 1, 1958
Nov. 1, 1905

money lien on the Ohio Southern Ry. (Lima to Wellston and branches,
in all 263 m iles); upon their retirement, for which $4,500,000 o f
the fifty year 4s are reserved, the latter will he a first m ortgage on
all the consolidated properties. Of the 50-year 4s $2,750,000, to ­
gether with $500,000 each o f preferred and com m on stock, are re­
served for extensions and improvements, and $500,000 of the 40year 4s for improvements on, and equipment notes of, the Ohio South­
ern R R See official statement, Y. 72, p. 1237; V. 73, p. 1261.
L a t e s t E arnings .—5 m os. , ) 1901....... Gross, $539,888; net, $148,601
July 1 to Nov. 30.
(1 9 0 0 ....... Gross, 480,624; net, 114,379
E a r n i n g s . —The earnings of the Ohio Southern R R for the year en d ­
ing June 30, 1900, were reported as gross, $824,820, and nee, $306,123, and those o f the Detroit & Lima Northern R y ., on a basis o f 197
miles, including 58 miles since sold, as gross, $383,745, and def. u nder
operating expenses, $6,198. Directors May, 1901, Y. 72, p. 1080.—(V.
73, p. 723, 956, 1159, 1 2 6 1 ; V. 74, p. 267.)
D e tr o it & T o le d o Sh ore L in e R R . —Operated between Toledo
and Monroe, 18 miles, track being laid ever balance of distance, 20
miles, between Toledo and Trenton, whicli is expected to be operated
shortly. To be a steam road as originally planned, connecting the
nine railroads entering Toledo with the six roads at Detroit. In Jan.,
1902, Allen F. Audrews was appointed receiver, owing to financial
embarrassment of E verett-M m re syndicate. R eceiver’ s certificates
authorized, $214,900 in Jan., 1902, and in June, 1902, $425,000, to
build connecting track with Detroit Southern at Trenton, Mich., and
purchase rolling stock. The $3,000,000 30-year 4 3 P- c. bonds author­
s
ized in 1902 were never issued. (V. 75, p 629,1251.)
D o m in io n A tla n tic R y .—(V. 71, p. 29, 84; V. 72, p. 86 , 1279 )
D o m in io n S ecu rities D o.—Organized in May, 1901, under New
Jersey laws. Owns 90 per cent o f the stock o f the Cape Breton R y,
(V. 73, p. 183, 392), 60 p e rce n t o f the stock o f the North American
Lumber & Pulp Co. (V. 74, p. 887, 991); is interested in sa'e of Canada
Atlantic Ry. to Rutland RR., etc. See official statements, V. 74, p.
986, 1139. In June, 190 2, a reorganization com mittee, James G. Can­
non, Chairman (Metropolitan Trust Co., N. Y ., depositary), requested
deposits. V. 74, p. 1251, 1308. Stock authorized, $3,000,000; par o f
shares, $100; outstanding, $1,681,800. First dividend o f 2*2 per cent
Jan. 15,1902. V. 73, p. 1312. Office, 25 Broad Street, New York.—
(V. 74, p. 986, 1038, 1139, 1251, 1308; V. 75, p. 29.)
D u b u q u e Sc S io u x City R R . —(See Map o f Illinois Central)—
Owns Dubuque, Iowa, to Iowa Falls, 143 miles; Iow a Falls to Sioux
City, 184 miles; Manchester to Cedar Rapids, 42 miles; Onawa, Iowa,
to Sioux Falls, Dakota, 155 miles; Cedar Falls to Minnesota State Line
(merged by consolidation in 1896), 76 miles; Tara Station, near Fort
Dodge, Ia., to Council Bluffs, 130 miles; total owned, 730 miles.
O rganization .—Controlled since April, 1/387, by the 111.Central RR.,
which owns all except a few hundred shares o f the $15,000,000 stock
(as increased June, 1900). and has issued its own bonds on the road;
the only D. & 8 . 0. bonds held by the public arc the 7s issued under
Iow a Falls & Sioux City mortgage, $2,800,000.
D iv id e n d s Since 1891—1895, D e o .,1 ; ’ 96, 3; ’ 97, 2; ’98,3Ja; ’9 9 , 1*2
1900, 3; 1901, 1^; 1902, Jan. 16, 1.—(V. 70, p. 1290.)
D u l u t h Sc I r o n R a n g e R R . —Owns Duluth to Ely, Minn.. 119
miles, withbranohesto Mesaba Range Mines, Fayal, etc., 65 miles. Owns
ore docks and yards on Lake Superior costing over $1,500,000.
STOCK, E t o .— Stock authorized, $10,000,000, outstanding $3,000,000;
par $100. Land grant from Minnesota about 506,000 acres, o f w hich
201,790 acres had been patented to it prior to April 30, 1895—V. 64, p.
1041. Federal Steel Co. (see U. 8. Steel Corp.) owns the stock and
$3,500,000 of the $4,500,000 2d m ortgage bonds. (V. 6 6 , p. 1237.)
The first mort. bonds are authorized at the rate of $25,000 per mile for
construction and $7,000 for e q u ip m e n t. Dividends prior to 1900 ag­
gregated 100 per cent.
E a r n in g * . - - F o r year e n d in g June 3 0 , 19 01 , g ro s s , $ 4 ,2 0 0 ,5 8 1 ; n e t,

D e t r o i t Sc L i m a N o r t h e r n R y . —See D e tr o it S o u th e r n R y .
D e t r o it M a c k i n a c Sc M a r q u e t t e R R . —S ee M is c e lla n e o u s Cos .
D e t r o i t Sc M a c k i n a c R y . —O w n s from B a y C ity , M ich ., to T o w e r ,
178 m iles; R o s e C ity B ra n ch , 3 2 m iles; P r e s c o tt B ra n ch , 12 m iles;
V al. B ra n ch , 26 m ile s; v a r io u s lo g g in g b r a n c h e s , 70 m iles; totaJ, 318
m iles. La R o c q u e to O n a w a y , M ich ., 19 m ile s (w h ic h fo r m s p a r t o f
the e x te n s io n to M a c k in a c ), o p e r a t e d fr o m J u ly 1, 18 98 . M u ch o f th e
lo g g in g b ra n ch rniieage Is te m p o r a r y , b u ilt o n ly to b r in g o u t lu m b e r,
f-ee V. 61, p. 55 8. In 1 9 0 0 0 1 c a r r ie d 9 1 7 ,1 3 2 to n s, o f w h ich lu m b e r
and oth er fo r e s t p r o d u c ts fu rn is h e d 7 7 -8 8 p e r c e n t.
h i s t o r y , E t c . —Fo r m e d in D e c e m b e r , 1 8 9 4 , to s u c c e e d th e D e t r o it
Bay C ity A A lp e n a , s o ld In fo r e c lo s u r e . In M a y , 19 02 , G o u ld in te r e s ts
a cq u ire d c o n t r o l. V, 7 4 , p. 11 3 9 .
B o s e s . -“ M o r t g a g e b o n d s ” fo r $ 5 0 0 ,0 0 0 are r e s e r v e d fo r b e t te r m ea ts, e tc ., a t n o t o v e r $ 5 0 ,0 0 0 p e r y e a r. V. 7 4 , p, 62 9.
s t o c k . - T h e c a p ita l s t o c k is $ 3 ,0 0 0 ,0 0 0 , o f w h ic h $ 2 ,0 0 0 ,0 0 0 c o m ­
m on and $t ,0 0 0 ,0 0 0 p r e fe r r e d . S ee V. 7 4 , p. 6 2 9
$ 2 ,3 0 1 ,3 6 0 ; o th e r in co m e , $ 1 7 ,1 1 3 ; ch a rg es, $ 9 9 3 ,5 7 8 ; b a la n c e , su r­
L a t e s t E a r s o t o h .—
/ 10 01 -2. ...G r o s s . $ 7 9 8 ,3 0 7 ; net, $ 2 2 6 ,1 6 2
plu s, $ 1 ,3 2 4 ,8 0 5 .— (V . 6 7 , p. 7 1 . )
U m os., J u ly 1 to M ay 31. j 1 9 0 0 -1 ... G ross, 7 8 5 ,7 1 4 ; net, 2 3 1 ,0 6 8
D u lu t h MlHHa.be Sc N o r t h e r n R y . —O w n s fro m D u lu th to M o u n ­
E a r n in g s , R e p o r t fo r y e a r e n d in g J u n o 30, 1901, In V. 7 3 , p. 12 61 .
tain Iron , M Inn., 7 7 m iles; b r a n c h e s an d sp u rs, 7 0 m iles; tr a c k a g e to
sh o w e d : G ross, $ 8 6 5 ,7 4 7 ; net, $ 2 7 5 ,3 6 2 ; ta x e s , $ 2 4 ,7 7 5 ; In terest,
U n ion D e p o t, D u lu th , 2 m iles; to ta l, 155 m iles. E n tire $ 2 ,5 1 2 ,5 0 0
$ 1 2 2 ,0 0 0 ; m isce lla n e o u s, $ 1 4 ,1 4 4 ; ba l., su rp lu s, fo r y e a r , $ 1 1 4 ,1 4 3 . s t o c k and $2 ,3cr> .00 0„of the b o n d s are o w n e d b y L ake S u p e r io r C o n s o l­
(V. 7 4 , p . 6 2 9 , 1088, 11 39 ).
id a ted Iron M in es, and so b y U n ited S ta te s S tool C o r p o r a tio n w ith
D e t r o i t S o u t h e r n R y . —O p e ra te s fro m D e tro it, M ich -, to W ells
$ 1 , 1 0 0 .6 0 0 , 0 0 0 o f c a p ita l s to ck , V. 7 2 , p. 1038.
ton , O,, v ia Li m a , 3 4 3 m iles, w ith b r a n c h e s , 8 0 m iles, a to ta l o f 423
E a r n in g s . - F o r y e a r e n d in g J u n o 3 0 . 1001, g ro s s. $ 3 ,1 0 9 ,0 5 2 ; n ot,
m iles. In clu d in g a b o u t 15 m ile . o f tr u ck a g e , and th u s c o n s tit u t e s a $ 1 ,5 0 5 ,7 6 7 ; o th e r in co m e , $ 1 2 3 ,0 1 7 ; c h a rg e s , $ 5 4 5 ,1 5 3 , b a l., su rp lu s,
rou te from the b itu m in ou s c o a l Helds in B o u tln r n O hio. I n J a n ., 19 02 ,
$ 1 ,1 7 4 ,5 3 1 . (V . 7 0 , p. 175; V. 7 2 , p. 188; V. 7-1, p. 3 0 5 .)
en tire s t o c k o f th e Iron R y „ Jront.orj, <)., to C en tro, 13 m iles, With
D u l u t h S o u t h s h o r e A- A tla n tic . R y , —Operates Duluth to Ban It
bran ch es, 7 m iles, w as p u rch a sed in the in te r e s t o f (b e c o m p a n y , Imt
HU). Marie, 4 15 tulles; “ 800 " Junction to Mt. Ignace, 43 ru.; Other, 116
road Is o p e ra te d se p a r a te ly , V, 74, p, 267.
m.; total, 574 miles. Controlled hy Canadian I’ aolllo.
O r g a n i z a t i o n ,- a c o n s o lid a tio n o f th e O h io S o u th e rn R R . and the
C a p i t a l S t o c k .- C om m on s to ck Is $ 1 2 ,0 0 0 ,0 0 0 ; p r e fe rr e d , $ 1 0 ,0 0 0 .D e tr o it A L im a N orth ern R y , on J u n e 1, 1001, a ft e r fo r e c lo s u r e , p er
0 0 0 ; p a r both $ 1 0 0 . P referred s t o c k Is 6 per c e n t, non cu m . C a n a d ia n
pla n V. 7 2 , p . 4 3 8 . V, 7 2 , p. 6 2 6 , 7 2 2 , 103 l, 1080.
P a d lie J u ly 1, 1901 .o w n e d $ 6 ,1 0 0 ,0 0 0 00 111 . an d $ 5 , 10 0 ,0 0 0 p ref. s t o c k ,
S t o c k . C om m on , $ 1 0 ,5 0 0 ,0 0 0 ; p re se n t Issue, $ 1 0 ,0 0 0 ,6 0 0 ; pro
$ 8 ,0 0 0 ,0 0 0 in c o m e s an d $ 1 3 ,1 0 7 ,0 0 0 c o n s o ls ,
ferred 4 p e r c e n t, non cu m ., $ 6 ,5 0 0 ,0 0 0 ; p r e se n t Issue, $ 6 , 0 0 0 ,0 0 0 .
i
B o n d s , < o . a l.mt.niet. ttm t m o r t g a g e , V, 4 5 , p, 27 4.
%
V o t in g T r u s t - B oth c la s se s o f s t o c k are vested u ntil J u n e 1 , 1906
T h e 1 rut. c o n s o lid a te d m o r tg a g e o f 1890 hue In terest a t 4 p e r o o n t,
1
(u n less su rren d ered e a r lie r at th eir d is c r e tio n ), In the fo llo w in g v o tin g
g u a ra n te e d b y C a n a dia n P acin o, w hich J a n . 1 , 1899, h old the e n tir e
tru stees: F r e d e rick .1 Llstnan. J o h n E . B o r n e , E v a n s It. Dick, G yru s .1 . nui -1 1mull n g Issue ($ 1 5 ,1 0 7 ,0 0 0 ] 111 Its trenail ry as s e c u r ity for its 4 p. 0 .
L a w r e n c e and L e o p o ld W ftllaoh.
j d e b e n t u r e Stock ; eon sols for $ 4 ,8 9 3 ,0 0 0 ,11 n reserved for p r io r bon (Is
B o n d s . - T he $ 4 ,5 0 0 ,0 0 0 40 y ea r 4s areaecuir<d hy a p u rch a se
and a d d itio n a l a m o u n ts m a y be Issued at $ 2 0 ,0 0 0 p er m ile o f n ew lin es.

rNTESTOES’

SUPPLEMENT,

[V o l . LXXV.

Bunas -Princi­
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal, When Due.
Amount
of
Par
When Where Payable, and by Stocks—Last
of
Rate Per
Wor explanation of column headings, &c., see notes
Road. Bonds Value. Outstanding
Whom.
Dividend.
Cent. Payable
on first page o f tables.
RAILROADS.

Eastern Ry, o f Minnesota—See G reat North ern .
Elgin Joliet < Eastern— 1st M. ($10,000,000) g Ce.o*
6
Elisabt. Lex. & Big Sa»dy—S ee Ch e sap . & O hio
Elmira Cortland & Northern—See Le h ig h V alley
Elmira &Lake Ont—Sodus Bay & So.—1st M ., g . I J n c
Elmira < Williamsport—St’k, com., 5 p. o. ren’l, N.C.
£
Preferred stock, 7 p. c. rental, 999 yrs., No. Cent.
1st m ortgage.............................................................
Income bonds, 99 years to ru n ........................... e*
E rie & Central New T rk 1st M., $ 2 5 0 ,0 0 0 .T a ...
Erie < P ills—Stock, 7 p. o. rental,999 yrs..PennCo.
£
General mort. (now 1st) $4,500,000, g., guar.U n
E r i e R a ilro a d C om p a n y — Common stock...........
2d pref. stock. 4 p. c. non-cum
........
1st pref. stock, 4 p. c, non-cum ..
...
.......
A —O l d B o n d s A ssumed —R oads C onsolida
N.Y. &E. 1st M.,Pierm. to Dun., e x t .,’97, g o ld ..c‘
2d mortgage, (extended in 1879) gold .............c*
3d mortgage, (extended in 1883) gold .............e*
4th mortgage, (extended in 1880) g old ...........c*
5th mortgage (extended in 1888), gold .......... e*
Erie R’y .ls t M.,Buff. B r., H om ellsv. to Attica,g.c*
1st consol, mort., $30,000,000, gold, $ & £. F.o*
N. Y. L. E. & West, funded coupon bonds, gold.c*
Buff. N. Y. & Erie, 1st M. (Buffalo to Corning. . 0*
Buff. & Southw., 1st M., Buff to Jamestown, g.c*
Newburg & N, Y. 1st mort., extended in 1 88 9..c*
R —H on d a

on

P r o p e r t ie s C o n t r o l l e d

by

‘ Bergen Co. RR., 1 stM..Ruth. Jo. to Ridgew. N.J.
*Ch.& Erie 1st M.,g. (Marion, O., to Ham’ d,IndCe.o‘
Chioago & Atlantic Terminal, 1st mort., g .C e ..
(Elmira State Line Railroad, 1st m ortgage........
([Gosh. & Deck’t’n, 1st & 2d M’s.,($60,000 are 2d)

181

RR.
100
75*2
75^2
75*2
_m
■
20

85
85
....

1891

$1,000

1884
....
....
1860
1863
1902

1 ,0 0 0

1890

....

$8,352,000

500,000
5 g.
500,000
5
500,000
7
963,000
6
570,000
5
250,000
2,000,000
?*•
3.918,000
3hj g.
112,378,900
16,000,000
47,892,400 3 in 1902

50
50
1 ,0 0 0

500
50
1,000
100

100
100

TED.

446
446
446
465
465
60
526
526
140
67
12

1847
1,000
1,000
1879
1853
1,000
1857
1,000
1858 500 &c.
1861 200 &o.
1870
1,000
1878 500 &C.
1876
1,000
1877 50 &o.
1,000
1868

OWNE R8HIP OF ENTI

10
249

1881
1,000
1890
1,000
1 ,0 0 0
1888
7 1875 500 &o.
. . . . ’ 88-’ 89

G e n e r a l F in a n c e s .— O f the tonnage in 1901, ores furnished 45 p.
c., lumber, etc., 23 p. c.
L a t e s t E arn ’ s.—11 m o s.,) 1 9 0 1 -2 .. .G ross, $ 2 ,4 3 7 ,1 4 4 ; n e t, $ 8 9 5 ,2 9 3
July 1 to May 3 1 .
(1 9 0 0 -1 . Gross, 2 ,2 6 7 ,2 6 4 ; net, 7 6 3 ,6 0 0
Surplus over charges, $20,987 in 1901-2, agst. def. $94,530 in ’00-1.
R e p o r t .—Fiscal year now ends June 30. (Report for 1899 in V. 70,
p.1148 )
Tear.
Gross. Net overtaxes.
Oth.inc.
Interest.
Balance.
1900-1 $2,484,211
$740,430
$5,900 $860,023 def. $113,693
1899-0 . 2,613,943
983,062
5,129
859,700 sur. 128,491
—(V.70, p. 1 1 4 8 ; V. 72, p. 627.)
D u lu t h T r a n s fe r B y , - Foreclosed in 1902 and sold to Northern
Pacific R y.—V. 74, p. 1139.
D n ln < h V irg in ia Sc R a in y l a k e R y .—Projected from Virginia,
Minn., northerly towards Koochiching, with branches, of which 15
miles
com pleted in March, 1912.
Stock authorized, (1). In
March, 1902, filed a mortgage to the Minnesota Loan & Trust Co. of
Minneapolis as trustee, to secure $2,000,< 00 "onds, of which $1,500,-000 are issuable at $15,000 per mile of single track and remainder for
rollin g stock, etc. President, Wirt H. cook ; Secretary, Frank W.
H eim ick.—V. 74, p. 679, 936.
D u n k ir k A lle g h e n y V a lle y & P it t s b u r g .—Owns from Dun
kirk, N. Y., to Titusville, Pa., 91 miles. A consolidation in 1872.
Operated since Oct. 1, 1901, by the Lake Shore & Mich. So. Ry. for
account o f New York Central, to which leased for 500 years from
1873 at l ’ s p. c. on stock. Capital stook, $1,300,000, N. Y. Central &
Hudson R iver Co. owning $1,067,600; par, $100. For year ending
June 30, 1901, gross, $267,624; net, after deducting taxes ($16,074),
$45,940; charges and dividends, the latter, $19,500 ( l ^ p . c.), paid by
N. Y. C en tral—(V. 70, p 1290.1
E a s t B r o a d T o p R R . Sc C oal Co. (P a .)—Owns from Mount
Union, Pa., to Woodvale, Pa., 31 miles, and leases Shade Gap, 11 miles,
and branches to mines, 3 m iles; total, 45 miles. The stockholders o f
the Shade Gap RR. w ill vote on Aug 15, 1902, on consolidation. See
V. 75, p. 77. A coal ro,gd, opened tn 1874. Stock $815,589 (par $50),
o f which $247,189 is 6 p. c. pref.; current liabilities June 30, 1901,
$341,023. Bonds in addition to 1st M., $42,888, int., 6 p. c., payable
M.-N. Year 1900-01, gross, $86,779: net, $13,678; interest, 6tc., $24,394; bal., deficit, $ 1 0 ,7 1 6 —(V. 67, p. 177; - . 75, p. 77).
E a st L o u is ia n a R R . —Pearl River, La., to Covington, 24 miles
branch, Mandeville Jet. to Mandeville, 12 miles; total, 36 miles. In
Jan., 1901, control was changed.. V. 72, p. 87. Extension proposed
to Franklinton, La., for which bonds may be issued. Stock. $1,000,000; issued, $340,300; par, $100. Year to June 30, 1900 gross, $89,628; net, $34,394: int. and taxes, $8,444; bal., sur., $15,949. Pi’esid en t.F . B. Hayne, New Orleans, La.; Treas., C. K. Mullings, Coving­
ton, L a .- (V. 72, p. 87).
E a st D laltan oy R R . —Owns from East Mahanoy June, to St.
Nicholas and branches, 11 miles. Re-leased Dec. 1, 1896, for 999
years to Little Schuylkill Nav. RR. and Coal Co. at 5 per cent on stock,
and lease assigned to Phil. & R. Ry. Of the stock $283,650 is owned,
$280,000 being deposited by the Reading under its general mortgage.
E a s t P e n n s y l v a n i a R R . —Owns Reading, Pa., to Allentown, Pa.,
35 miles; second track 18 miles; all track 73 miles. Leased for 999 years
from May 1, 1869, to the Philadelphia & Reading R R. at a rental of 6
per cent per annum on the stock and interest on the bonds. Lease as­
sumed in 1896 by the Phila. & R eading Railway Co. Of the stock
$878,850 is owned by the Reading Company, $875,000 o f which is de­
posited under its general m ortgage o f 1897.
E a s t S h o r e T e r m i n a l C o .’ s R R . —R oad .—Owns terminal road
in Charleston, S. C., 3 miles double track laid with 60 pound steel.
Company also owns 14 wharves, 30 warehouses, about 30 acres of
land, 4 cotton compresses, etc., on the city’s water front, these being
connected by its own road with the other railroads entering the city. In
February, 1898, the interests controlling sold their holdings to C. C.
Cuyler, o f Cuyler, Morgan & Co., New York, in the Interest o f the
Plant system (now A tlantic Coast Line RR.) and associates. Bonds
have been deposited with the Metropolitan Trust Company. Bonds
are $1,000,000 first gold 5s, $166,480 funded coupon scrip and $277,000 second 8s.
R ece iv e r sh ip .—W. E. H uger was appointed receiver in January,
1896.—V. 62, p. 138. Stock outstanding, $1,120,000.
E a r n i n g s .— Net earnings fo r year ending June 30,1901, were $ 2 2 ,042; in 1899-0, $21,032.—(V. 6 2 , p. 138; V. 6 6 , p. 425; V. 6 9 , p. 1300.)
E a s t T e n n e s s e e V i r g i n i a Sc G e o r g i a .—See S o u th er n R t . Co .
E a s t T e n n e s s e e & W e s t e r n N o r t h C a r o l i n a R R . . —A nar­
row-gauge road from Johnson City, Tenn., to Cranberry, N.O., 34 miles,
including 3 miles leased. Stook June 30, 1900, $501,900. Extension
t o Lineolnton, N. C., about 75 miles, projecte d For year 1900-1, gross,
$70,957; def. under op., $2,766; int., taxes, etc., $13,026.
E a s t Sc W e s t R a i l r o a d . —See Birmingham & Atlanta Air Line Ry.
E a s t e r n K e n t u c k y R y . —Road from Riverton to W ebbville, Ky.,
36 miles. Chartered in 1866 and opened through in 1889. Stook is
eonnnon $1,697,800; preferred $1,779,500. There are no bonds. Bills
and accounts payable June 30, 1901, $30,500. Earns, for year 1900-1
-gross, $52,241; net, $6,615. In 1899 0, gross. $52,588; net,,$9,887.
E e l R i v e r R R . —See Logansport & Toledo Ry.

5 g. M. & N.

2,482,000
2,149,000
4,617,000
2,926,000
709,500
182,600
16,891,000
3,699,500
2,380,000
1,500,000
250,000

N. Y., 71 Broadway.

May 1, 1941

July 1, 1924
May, 1902
July, 1902
Jan. 1, 1910
Oet. 1, 2862
1922
N. Y., Union Trust Co. J’ ne 10,’02,131
Q .-M
do
do
July 1, 1940
J. & J.

J.
M.
J.
J.

&
&
&
&
A. &

J. N. Y., Nat. Bank Com.
N. Phila., Broad St. Sta.
do
do
J.
do
do
J.
do
do
O.

F. '& A.

New Y ork,

Ang.30,’0 2,1^

M. & N. N. Y., 21 Cortlandt 8t.
M. & 8.
do
do
do
do
M. & 8.
do
do
A. & O.
do
do
J. & D.
J. & J.
do
do
M. & 8.
do
do
M. & 8.
do
do
do
do
J. & D.
do
do
J. & J.
J. & J.
do
do
RE (*) OR A M AJORITT (Oo f Oa p i t a l S t o c k , o r b y (([)
200,000
A. & O. N. Y „ 21 Cortlandt St.
6
do
do
12,000,000
5 g ■ M. & N.
do
do
300,000
5- g. J. & J.
A . & O. Elmira,Chemung Co.Bk
160,000
7
246,500
6
Various
4 g.
5 g41
ag.
5 g.
4 g4 g.
7 g.
7 g.
7
6 g5

May
Sept.
Moh.
Oct.
June
July
Sept.
Sept.
June
July
Jan.

1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,

1947
1919
1923
1920
1928
1931
1920
1920
1916
1908
1929

L ease.

Apr. 1, 1911
May 1, 1982
July 1, 1918
Oct. 1, 1905
1928-29

E lg in J o lie t Sc E a s te r n R y .—Owns from Waukegan, 111., on
Lake Michigan, via Spaulding and Joliet, to Porter, Ind., 130 miles,
and branches Normantown to Aurora, L miles—Walker to Cos­
O
ter, ILL—32 m iles; Hammond to W hiting, Ind., etc., 9 m iles; total
main line owned, 1 8 1 m iles; spurs to coal mines, etc., 16 miles;
trackage (L. N. A. & Chicago, 9*2; Chicago & West Indiana, 4-8; Belt
Ry. of Chicago, 2), 16 miles; side traoks and yards owned, 93 miles,
total track operated, 320 miles.
O r g a n iz a t io n .—An outer belt line at Chicago for transfer of freigh t
without breaking bulk. Also reaches eoal fields. Entire capital stock
owned by Federal Steel Co. and so controlled by United States Steel
Corporation. V 67, p. 578, 633.
Stock .—Stock, $6,000,000, par, $100. Dividend, 4 p. c. yearly in
1899 to 1901, inclusive.
B o n d s , E tc .— First m ortgage balance unissued can he disposed o f
for extensions, betterments, eto.
For 11 mos. ending Nov. 30, 1901, gross, $2,002,133: net, $727,781;
oth. income, $17,845; int. on bonds, $359,883; bal., sur., $3?5,7*3.
Year end. June 30. 1899-00.
1898-99.
1897-98.
1896-97.
Gross earnings........ $1,923,173 $1,674,979 $1,390,695 $1,184,646
Expenses and taxes. 1,118,493
993,490
901,768
772,064
Net earnings......
Net, ine.other incom e
Interest, rentals,eto.

$804,680
820,378
387,940

$681,489
..........
371,992

$488,927
370,699

$412,582
371,669

Balance............ sur.$432,43S sur.309,497 sr.$118,228 sur.$40,913
President, A. F. Banks.—(V. 72, p. 872; V. 74, p. 151, 205.)
E lm ir a C o rtla n d Sc N o rth e rn R y .—(See Map Lehigh Valley.)—
Owns Elmira, N. Y., to Canastota, N. Y., 118 miles, and leases during
corporate existence, Canastota Northern, Canastota to Camden. N. Y.,
21 miles. In 1896, the $2,000,000 stock was purchased and 5 per
cent bonds guaranteed by the Lehigh Valley. (V. 63, p. 402.)
E lm ir a Sc L a k e O n ta rio R R . —Owns from Canandaigua, N Y., to
Chemung Junction, 64 m iles; Sodus Point to Stanley, 34 m iles; other 2
—total, 100 miles. A consolidation in December, 1886, of the Sodus Bay
& Southern and other railroads. Leased at cost of operating to the
Northern Central, which owns all the $1,500,000 stook. Lease may
be terminated on thirty days’ notice. Y ear ends Deo. 31.
Earnings.
Gross.
Net.
Interest,<£c.
Bal., def.
1901.....................$785,886
$31,607
$72,715
$41,108
1900..................... 774,716
47,640
74,223
26,583
E lm ir a Sc W illia m s p o r t R y . —Owns from Williamsport, Pa., to
Elmira, N. Y ., 7 5 1 miles. Leased to the Northern Central Railway
e
for 999 years from May 1,1863. The dividends on the com mon stock
are 5 p. o. and on the preferred 7 p. o., less taxes, making dividend on
common 4 -52 per oent and on preferred 6*40 per oent. Year ending
Dee. 31, 1901, gross, $1,096,912; net, $175,474; rental $177,465.
E l P a so Sc N o rth ea ste rn R R . —See N e w Me x ic o R y . & C o a l .
E rie * C en tral N ew Y o r k R R . —Cortlandt, N. Y., to Cincinnatus, 20'miles; com pleted Alay, 1898 Successor in May, 1902, to the
railway comxiany, sold in foreclosure on March 29, 1902. V. 74, p.
1139. Stock, $250,00o; par o f shares, $100. Bonds, see table above.
For year end’ g June 30,1901, old com pany, gross, $32,992; net $1,764;
interest Charges not paid. Pres. (Sept., ’ 01), Chas. O. Scull, Baltimore,
M d .-(V . 67, p. 319; V. 70, p. 1149; V. 74, p. 378, 727, 1139, 1195.)
E r i e Sc P i t t s b u r g R R . —Owns New Castle, Pa., to Girard, Pa., 81
miles; branch, to Erie Docks, 3 miles; traekage, to Erie, 17 miles; total
operated, 101 miles. Leased to the Pennsylvania Railroad for 999
ears from March 1, 1870, at a rental of 7 per oent on stook and
iterest on the bonds, and the lease transferred to the Pennsylvania
Company. Tax suit, see V. 71, p. 135.

S

E a r n in g s .—T he lease w as unprofitable to the lessees in form er years,
the deficiency b ein g in 1898, $137,967; but in 1899 profit, $32,873; in
1900, profit, $118,216; in 1901, profit, $ 3 0 7 ,4 9 8 .-(V . 71, p. 135.)

E rie R a i l r o a d , —Nee Map on adjoining page.—Embraces trunk
line from Jersey City, opposite New Y
rork City, to Chicago, 111., 998
miles, and branches 1,332 m iles; total, 2,318 miles; second track, 701
m iles; 3d and 4th tracks, 24 miles; total, 3,042 miles. The total of
2,318 miles com prises:
Leased lines.
Miles.
Lines oioned in fee.
Miles.
Piermont, N. Y., to D unkirk....447 Avon Gen. & Mt. M orris____ (118
Buffalo to Jam estown............... 67 Montgomery & Erie........... ([10
Buffalo to Corning...................... 140 Northern N .J ......................... ([26
Other branches........................... 112 Goshen & D eckertown...... ([12
Roch. & Genesee V alley... (T18
Stock all * or nearly all t owned.
Leased to Nypano RR.
'Chioago & E rie....................... ([249
‘ Jefferson RR............................ 1145 Oleve. & Mahoning V al...... (181
(N. Y .& Greenwood L. & b rs.. (151 Sharon R ailw ay.................. f3 2
98
(New Jersey < New Y ork — (T37 Other lines...........................
fe
‘ Nypano R R ..............................(1430 Trackage.............................. 168
IT See this company.
-------(Tioga R R ..................................
58
Other lines................................ 219 Lines in system June 30,’ 01..2,318
N. Y. Susquehanna & W est.. 236
H is t o r y .— On D e c .l, 1895, succeeded to the property of the old New
York Lake Erie & Western RK. Company, sold in foreclosure on Nov.
6 under its second consolidated mortgage. The new com pany holds in
fee or through ownership of all or practically all the stook of the inde-

RAILROAD

JULY, 1902.]

STOCKS

AND

BONDS

99

Bonds—Princi­
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal,when Due.
Amount
of
When
Par
For explanation of oolumn headings, &o., see notes of
Outstanding Rate Per Payable Where Payable, and by Stocks—Last
Road. Bonds Value.
Cent.
Whom.
Dividend.
on first page of tables.
RAILROADS.

E r ie M ail roa d —(Concluded)—
R _ R o n d s on P r o p e r t i e s C o n t r o l l e d b y O WNER
8
*Jeffers’n .lst& 2dM ’ s.f e x .in ’ 87&’89(H ’dale Br.)c
37
1st mort., Carhondale to S. depot, g o ld ..F P .o *
....
'L on g Dock Co.cons.M.,g.(now IstM .) (seetext)o*
UMont. < Erie, 1st & 2d morts. ($40,500 are 2ds) . . . .
fc
40
ilN.Y.&Greenw L., Prior lien M.,$1,500,000. N,g.
34
JNew Jersey & N. Y ., 1st M. (reorganization)... 0*
Gen. M ., $1,200,000 (red. 105 after 5 yea rs)...g
N .Y.L.E .& W .C .& R R .lstM .,‘ Taw fulm on.” UIpe' . . . .
*N. Y. L. E. & W .D.& I. Co. Is AJ.,V, 56, p. 82.F.C* . . . .
*N. Y. Pa. & Ohio, prior lieu
, gold, $ & £ .F .c * 431
Do. Leased lines—see separate statements fo r Clev.
IT N. Y. Susquehanna & Western—Northern New Jerse
C—F r i e R a i l r o a d C o m p a n y N e w B o n d s .
67
2d mort. on Buffalo & Southwest’u, g o ld ..M o .0*
1st consol. M. for $175,000,000 securing:—
Prior lien bonds, $35,000,000, gold .......F.o*& r
Gen. lien, $140,000,000, g. 3 % to J’ly ,’ 98) .c*<fer
Pa. coll. tr. M., $36,000,000, g., s.f., t e x t M e c<fcr
N.Y.L.E.& W. car tr.,B. to G. inch, part pd. an.e*
N.Y. Pa. & Ohio eq. trusts, snk. fd. 3y, dr’n at 100
New Erie RR. equipm’t trust, gold, part yearly
A von Geneseo & Alt. Aiorris and Rochester & Genes
Eureka Springs—See St. L. & No. Arkansas RR.
40
Evansville < Indianapolis—T.H.& South. IstM .F o*
6
55
Evansville & Indianapolis 1st M., gold, guar.F.W
Con.M.f$2.500.000)g.gu.p.<fcL(end.)E.&T.H. Fc* 135
Evans. < Terre Haute—Common stuck, $4,000,000
£
....
Preferred stock, non-cumulative. See te x t........
115
Consol, mortgage (1st lieu) g o ld ...........................
1st consolidated' mortgage, g o ld .F ..................... c* 144
25
Mt. Ver- od Branch mortgage, gold
F.c*

SHIP 0 F E n t ir

1867
1889
1885
’ 66-’ 67
1896
1880
1893
1882
1883
1880
&Mah.
y —Tio

$500&o.
1,000
1,000
100 Ac.
500 &c.
500 &c.
1,000
1,000
500, <fcc
Valley
ga RR.

1895

1,000

aj ORITY (t) OF C a p i t a l S t o c k ,o r b y ($) L e
$300,000 4Lj & 6 J. & J. Phila., Fidelity Tr. Co.
2,800,000
5 g. A. & 0. N. Y., 21 Cortlandt St.
7,500,000
6 g. A. & O. N.Y.,J. P. Morgan & Co.
170,500
5
Various N. Y., 21 Cortlandt St.
1,500,000
do
do
5 g. M. & N.
M. & N.
400,000
6
do
do
629,500
5
J. & J.
do
do
1,100,000
6 cur. M. & N. N. Y ., 21 Cortlandt St.
3,396,000
6
J. & J.
do
do
8,000,000
do
do
4 12g. M. & 8.
RR. and Sha ron Ry.
—See each c ompany.
e

(*) o r a M

1,000,000

5 g. J. & J. N. Y ., 21 Cortlandt St.

1895
1,000
34,000,000
4 g.
1895
1,000
34,885,000
4 g.
1901 1.000&C 32,000,000
4 g.
....
1,000
857,230
5 &6
’88-’90 £100
1,235,135
5 g.
1900
3,805,145
5 g.
see Ya lley Sto cks—S e e th OSE Cos.
1879
1884
1886

....
....

1880
1881
1883

1,000
1,000
1,000
50
50
1,000
1,000
1,000

E r ie R a i l r o a d . —Concluded .
pendent companies, the line from New Y ork to Chicago (including the
Nypano RR. and Chicago & Erie companies) and also all branch and
subsidiary lines except a few small properties. The reorganization
p l a n of 1895 was in V. 61, p. 368.
In January, 1898, control of the N. Y. Susquehanna & W estern was
obtained. The road is operated as an independent line.—V. 66, p. 83,
335, 573, and editorial p. 53. See 8 tock below.
In March, 1901, nearly entire stock of Pennsylvania Coal Co. was aoquiren, the purchase including valuable coal mines. Erie & Wyoming
V alley RR , Scranton. Pa. to Lackawaxen. 64 miles, 48 miles of gravity
road with terminus at H awley, Pa., and the Hawley branch. 13 miles,
form erly leased to the Erie. See B onds below .—V. 71, p. 1219,1311;
V. 72, p. 44. i :-i6, 241, 532, 627; V. 73, p. 398. In 1900-1 an interest
in the stock of the Lehigh Valley RR. was purchased.—V. 73, p. 391.
Coal and Steam boat P r o p e r t y .—The Erie coal properties repre­
sent an aggregate of 10,500 acres of anthracite, of which about
9,000 acres are held in f e e ; also 53,000 acres of bituminous coal
lands held in fee 14,000 acres o f bituminous held under mineral
rights. Its coal tonnage in the year 1900-01 aggregated 12,274,207,
out of the 25,999,602 tons hauled. The Union 8teamboat Co. has ter­
minal, etc., properties in Buffalo and 8 lake steamsrs. See V. 63, p. 514.
The P e n n , coal properties acquired in 1900 are additional. See above.
Stock .—The slock is to be held by J. Pierpont Morgan, Louis Fitz­
gerald and Charles Tennant. Bart., voting trustees, for five years, and
thereafter until the new first preferred stock shall have received 4 per
oent cash dividend in one year. The new com pany reserves the
right to redeem either class o f its preferred stock at par in cash. Pro­
visions of voting trust and preferred stock certificate were given in
Supplement of April, 1897, page 3.
In Mar., 1898, Erie 1st pref. stock was increased from $30,000,000 to
$43,000,000, nd common stock from $100,000000 to $113,000,000, to
acquire New York Susq. & Western stock .- See V. 66, p. 335, 573. The
1st p ref stock was fu r1her increased in 1901 $5,000,000 in connection
with the purchase o f the Pennsylvania Coal Co. V. 72, p. 136.
D i v i d e n d s .— Fir s t se m i-a n n u a l d iv id e n d on 1 s t p r e f., m p. e,, fr o m
ea rn in g s o f » ix m o n th s e n d in g J u n e 3 0 , 1 9 0 1 , w a s p a id A u g , 3 0 ,
19 01 ; in 1 9 0 2 , F e b , fig p . C.; A u g ., W p . c.
B o n d s .—T h e n e w fir st c o n s o lid a te d m o r t g a g e Is f o r $ 1 7 5 ,0 0 0 ,0 0 0
[F a r m e r s ’ L oa n & T r u s t C o. tr u s te e ]— see a b s t r a c t o f d eed V .6 2 , p. 8 9 ,
an d secu res $ 3 5 ,6 0 0 ,0 0 0 p r io r lie n a n d $ 1 4 0 ,0 0 0 ,0 0 0 g e n e r a llie n bon ds.
O f th e $ 1 4 0 ,0 0 0 ,0 0 0 g e n e r a l l i e n b o n d s , $ 9 1 ,0 0 3 ,0 0 0 a r e r e s e r v e d fo r
th e u ltim a te a c q u is itio n o f b o n d s a n d g u a r a n te e d s to c k s l e f t u n dis­
tu rb ed on v a r io u s p a rts o f th e sy stem [se e lis t V. 6 2 , p. 8 9 ], a n d $ 1 7 ,0 0 0 ,0 0 0 w e re r e s e r v e d f o r n e w c o n s tr u c tio n , b e tte r m e n ts , a d d itio n s ,
e tc ., a ft e r 1897, u n d e r c a r e fu lly g u a rd e d r e s tr ic tio n s , n o t o v e r
$ 1 ,0 0 0 ,0 0 0 to b e u sed In a n y o n e y e a r .
T h e p o s itio n o f th e first c o n s o lid a te d m o r tg a g e is s u b s ta n tia lly fts
fo llo w s : I t is a first lien [m o r tg a g e o r c o lla t e r a l, th e p r io r lie n b o n d s ,
h o w e v e r, p r e ce d in g the g e n e r a l lien b o n d s ] u p o n th e c o m p a n y ’ s c h ie f
c o a l p r o p e r tie s (e x c e p t Perm . C o a l Co.) u p on its w a te r tr a n s p o r t a ­
tion lin es, in c lu d in g v a lu a b le te r m in a l p r o p e r t ie s a p p u r te n a n t th ereto,
and u pon a n u m b e r o f p r o fit a b le lo c a l lin es in N ew J e r s e y a n d n e a r
B u ffa lo; it Is a s e c o n d h e n u p on c e r t a in m in or c o a l p r o p e r tie s and
u pon the r a ilr o a d s le a d in g to a ll th e c o a l p r o p e r tie s , u p on th e t e r ­
m inals at J e r s e y C ity , u p on the B u ffa lo N e w Y ork & E rie R a ilr o a d
(the m ain lin e to B u ffalo) and th e B u ffalo te r m in a l p r o p e r t ie s o th e r
than th ose u pon w h ich it Is first lien , an d u pon th e e n tir e lin e from
S a la m a n ca to C h ic a g o ; It Is a s e c o n d c o n s o lid a te d m o r t g a g e u p on
the lin es b e tw e e n P ie r m o n t a n d D u n k irk (4 4 6 rnlles.)
T h e c o lla te r a l tru st ss o f 1 0 0 1 a r e s e c u r e d b y 51 p er c e n t o f th e
en tire N ew v o rlt S u sq u eh a n n a A W estern s t o c k ($ 2 6 0 0 0 ,0 0 6 to t a l
Issue), n e a rly all o f the P e n n s y lv a n ia C o a l O o s t o c k , an d th e s t o c k
of the Erie * W y o m in g V a lle y R R , S c r a n to n . P a., to L a c k a w a x e n , 04
m iles, and t h « D e la w a r e V a lle y A K in g s to n R R . O f th e b o n d s * 3 2 ,0 0 0 ,0 0 0 w ere Issued to a c q u ir e th ese s t o c k s (e x c e p t in g th e N. Y .,
bu sq, A West,, rn. a lre a d y o w n e d ), th e r e m a in in g # 4 ,0 0 0 ,0 0 0 b e in g r e ­

served for Improvements to the properties represented i>y the stocks

acqu ired
A ■Inking fu nd o f 10 c e n ts p e r to n o f c o a l sold w ill p u rc h a s e
bon d s at. not. e x c e e d in g 105, o t h e r w is e to tie a p p led to the d r a w in g
o f bon d s b y lot, all su ch b o n d s to b e k e p t a liv e and the a c c r u in g Inter
e«t thereon to he a Ided to t.hn sin k in g Fund, w h ich , It w as e u iu ia te d .
Will be su fficie n t t o retli o th e W hole Issue a t o r b e fo r e m a tu r ity .— V.
71. p, 1219, 131.1; V. 7 2 . p. 44, and c ir c u la r , p. 13 6 . 532 257.
Real esta te mortgages outstanding Juno, 30, 1901, « ‘771,400.
0 1 4 Honda
U n der the Hr 5. c o n s o l, m o r tg a g e » f 1805 th e c o m p a n y
coven, n fs f,o p a y the In te re st r e g u la r ly o h all the o ld flo o d s In the
ta b le tn .;‘ a re m a rk ed w ith a ' o r a l ( e x c e p t N, J . A N. V. h o o d s ,)
and to tak- ‘ hem up and pledge them with the trustee at. m a tu r ity .
L o n g P o r k tin sen M arch , 1894. H tjpw.f.M KM u n d er N, Y, L. E. A. W.
t o r at. T. L u k e E ric r ig. fjtm l if U H ., see Hr.'f. Jnrtuai " , 18 95 .
f
F i x e d C h a r g e s . - T h e fix ed c h a rg e s o f th e S ystem w ere re d u c e d by
Mm re o rg a n iz a tio n fro m $ 0 ,4 0 0 ,0 0 0 to $ 7 ,8 0 0 ,0 0 0 per a n n u m .
G e n e r a l F in a n c e s ,- T o .tune I, 19 01 , $ 4 ,0 0 0 ,0 0 0 or # 5 ,0 0 0 ,0 0 0

prior 1lor, bonds reserved for construction and new equipment were

s o lo ; also $ 1 ,0 0 3 ,0 0 0 g e n e ra l Hen b o n d s Issued fo r oom d.ruoM on, etc-,
during i OO I V. 7 1 , p 7 5 4 , 1219, T h e f!r«t, d iv id e n d mi first, pro
lerred whs d e cla re d In J u ly , 1901. Hoe a b o v e and V. 73. p 137.
tor-A" i1" 11 1 1
’ ' '
" f the c o n tro l o f the P e n n s y lv a n ia Ckiai C o. la te in
iMOP rem ov ed the d a n g e r o f an in d epen den t, ant.hr,•«•«, m a t line to
tidewater. T h e a c q u is itio n w as financed b y th e Issu e o f $ 3 2 ,0 0 0 , 0 0 0

J. & J. New Y ork & London.
J. & J. N. Y .. 21 Cortlandt St.
F. & A.
do
do
Various
do
do
Various
London.
Various
New York.

M .&
251,000
7
647,000
6 g. J. &
1,602,000
6 g. J. &
3,987,383 l ^ l n ’01 M. &
1,282,417 5 in 1901 A. &
30,000
6 g. J. &
3,000,000
6 g. J. &
375,000
6 g. A. &

8. N. Y ., Farm. L. & Tr. Co.
do
do
J.
J.
do
do
N.
0.
Checks mailed.
J. N.Y., Farm .L. & Tr.Co.
J.
do
do
O.
do
do

a s e . —Ooncl.

July 1, 1927
Jan. 1, 1909
Oct. 1, 1935
1926-27
May 1, 1946
May 1, 1910
1932
May 1, 1922
July 1, 1913
Mar. 1, 1935

July 1, 1908
Jan. 1, 1996
Jan. 1, 1996
Feb. 1, 1951
Y early to 1905
1908 & 1910
To 1907
Sept. 1, 1909
July 1, 1924
Jan. 1, 1926
May 1, ’ 0 1 ,lis
A p r .l6 ,’0 2,2is
July 1, 1910
July 1, 1921
Apr. 1. 1923

collateral trust 4 per cent gold bonds and $5,000,000 first pref. stock.
V. 71, p. 1219, 1311; V. 72, p. 44, 136, 532.
E a r n i n g s . - I I m o s .,) 1901-2..Gross, $37,646,465: net, $11,267,076
July 1 to May 31. (1900-1. Gross, 35,549,095; net,
9,422,740
For 9 mos. to Mar. 31, 1902, net. $9,063,035; other income, $117,568; charges, $7,843,636, against $0,967,050 in 1900-1; surplus, $1,336,968.
a n n u a l R e p o r t .— Fiscal year ends June 30.
Report for 1900-1
given in full in V. 73, p 389, 395; see also editorial on page 366.
Average freight train load, 400 tons, against 392 in 1899-00.
1900-1.
1899-0.
1898-9.
1897-98.
2,318
2,272
2,27L
2,271
Miles operated........
Gross earnings........ $39,102,302 $38,293,031 $33,752,704 $33,740,860
Working expenses.. 28,406,974 28,448,605 25,169,926 25,438,038
Net e a rn in g s....$10,695,328
Net coal co m p a n ie s x $ l,274,830
Other incom e............
221,247

$9,844,426
$236,642
183,466

$8,582,778
$298,479
259,097

$8,302,822
$209,785
203,583

Total net In c ....$12,191,405 $10,264,534 $9,140,354 $8,716,190
Interest..................... $7,541,730 $6,921,623 $6,842,679 $6,465,831
Rentals...................... 1,139,483
1,158,387
1,093,538
1,077,857
P. o. due leased lines
223,409
233,396
355,086
304,443
Int. on equip, trusts.
269,599
245,106
174,777
213,193
Int. on m ortgages...
194,027
42,592
20,475
20,947
Total charges.... $9,368,248 $8,601,104 $8,486,555 $8,082,271
Balance, surplu s.... $2,823,157 $1,663,430 $653,799
$633,918
Divs. on 1st pf...(lks% )$718,386
............
............
............
x Represents the profits o f the Pennsylvania Coal Co. for 5)4 m onths ending

June 30,1901, and o f the other coal properties for the two years from July 1,
1899, to June 30, 1901. The corresponding Item under 1899 00 em braces tho in­
com e from the latter properties fo r 1898-9, and so in the earlier years the pre­
ceding year’s incom e In each case.
O f f i c e r s —Chairman of Board, E. B. Thomas; President, F. D. Un­

derwood; 1st V.-P., G. M. Cumming; 2d V.-P. and Secretary, J. A. Mid­
dleton; 3d V .-P . aud Gen. Mgr., Daniel W illa rd ; Treasurer, J. W. Platten; Auditor, J. T. Waun.
D i r e c t o r s .— Chas. Steele, J. J. Goodwin, Abram S. Hewitt, John G.
McCullough, D. O. Mills, Alexander E. Orr, F. D. Underwood, Samuel
Spencer, Francis Lynde Stetson, Eben B. Thomas, J. Low ber Welsh,
J. J. H ill Norman B. Ream, R obert Bacon, H. M o K . Tw om bly.—(V.
73, p. 1010; V. 74, p. 205, 326, 528, 576, 936, 987, 1308.)
E v a n s v i l l e Sc I n d i a n a p o l i s U K . —Owns Evansville to Terre
Haute, Ind. (via W orthington), 134m .; leases branch, 12 m.
H i s t o r y , E t c .— A consolidation In 1885. Of the consols $898,000
held to meet prior liens. The consols, and the bonds of 1924 arc guar­
anteed by Evans. & Terre Haute, which owns capital stock, $2,000,000.
T h is c o m p a n y o w n s n o e q u ip m e n t.
L a t e s t E a r n i n g s —12 m o s ., 1 / 1 9 0 1 -2 ........................ .........G ro s s, $ 3 3 0 ,2 6 7
J u ly 1 to J u n e 30.
( 1 9 0 0 - 1 ..................................G ro s s , 3 1 2 ,6 9 3

R epo rt .- Fiscal year ends June 30. In 1900-01, gross, $305,683;
net, $89,433, interest, taxes, eto., $176,038; bal., deficit for year,
$86,605. In 1890-00, gross, $340,146; net, $122,891 - ( V . 63, p. 8 7 8 .)
E v a n s v i l l e Ac T o r r e H a n t e H R . —The system Includes :
C o n t r o l! edr--o[), s e p a r a t e ly . Miles.
Ilo a d ow ned, a n d o p e r a t e d . M ile s .
Evansville to Terre H aute.. 109 E v a n s v ille & In d ia n a p o lis
Branches to Mt. Vernon, eto. 48
E v a n s v ille to T e r re H a u te
Evansville Belt (stock held).
5
v ia W o r th in g to n , e t o ............ 1 4 6
T o ta l in e a r n in g s ...............

162

L e a s e d t o o th e r o o .’ s R o c k ­
v ille e x t e n s io n .......................

With Chicago A Eastern Illinois, form s routeto Chicago

23

In Mar., 1902.

E d w in 8. C o o l e y a n d C h ic a g o A E a stern I llin o is In te re sts o b t a in e d
c o n t r o l an d di v id e n d on c o m m o n S tock p a ssed .— V. 7 4 , p. -177, 5 7 7 .

D iv ’ dh

j

'8 7 -9 0 ’ 01 ’ 92 ’93 '9 4 '95 ’ 00 ’97 '9 9 ’ 9!) ’00 ’01 ’02

C om . s to c k . > 5 y 'r ly 7 # 7 % ) ................................ 2 %
3 1 'a . . . .
P r o f, sto ck
) .................................................
1 l
2 -i'a
5 5 A p , 2 'a
1 A ls o 5 p e r c e n t in b on d s. ! A ls o s c r ip d iv id e n d ; see s t o c k a b o v e .
|
On p r e f e r r e d 5 i>, < d e c la r e d In 10 01 , p a y a b le 2*« i> o. O c t . 1901.
;
arid 2 'u p. o. A p r il 16, 19 02 . H ottl-u nh ual ill\ b le n d o n c o m m o n , Nov.,
10 0 1 , w im passed . A d iv id e n d on tho c o m m o n sto rk w a s d e c la r e d ,
p a y a filo In A p r il, 1 9 0 2 , b u t the a c tio n w a s su b s e q u e n tly r e v o k e d . V.
74, p. tint), 72 7, 7 7 V
B o n d s , g u a r a n t i e s , E t o .- -C erta in E v a n s v ille A In d ia n a p o lis b o n d s
a r e g u a ra n te e d , Sew th a t c o m p a n y . G en erai in ert, 5 n fo r $ 3 ,8 5 5 ,0 0 0
are h eld in tru st to re tir e th e p rior b o n d s am i ca r tr u sts a t m a tu r ity .
L a t e s t K a h n s . ■ 12 m o s ,, ( 1 9 0 1 - 2 ......... ................ GHfoss, $ 1 ,4 4 0 ,1 0 8
J u ly i to J u n e 3 0 .
i 1 0 0 0 - 1 . . .................... . ..- G r o s s , 1 ,1 0 3 .0 0 3
A n n u a l R e, p o r t . R e p o r t f o r HtOO-01 w a s g iv e n in V. 7 3 , p. 61 2,
Y ea r e n d . June. 3 0
1001.
1 9 00
18 00 .
G ro s s e a rn in g s, .......................$ 1 ,3 9 3 ,9 4 3
$ 1 ,0 9 2 , 00
$ 1 ,2 5 0 ,4 3 5
Net e a r n in g s ................................
6 0 1 ,0 4 0
021,031
5 0 2 ,3 5 6
O th er In co m e ....... ......................
4 5 ,9 1 7
3 7 ,2 4 0
4 9 ,2 0 4
T o ta l net, In co m e ....... ..
* 0 4 7 ,5 5 7
$058,879
#3 3 7 .0 6 0
I m e r e s t on debt.......... ........
# 3 0 7 ,9 5 0
7 0 ,5 2 8
T a x e s and m i s c e lla n e o u s
7 7 ,2 5 3
63,708
8 0 ,0 0 5
E v a n sv . A l » d . d e f i c i t . . .
Jd v ld en d s on p r e f e r r e d ., . . . f 0 % ) 6 i , i o 7
(1 V j{> ;5 9 ,7 9 2 (3>«%) 1 3 0 ,5 0 0
do
com m on.
B a la n ce , s u r p lu s ........... .

m rr.$21,78fl

d e f.$ 7 ,0 3 t

$6 I 1,020
,* 3 3 7 ,9 5 0
0 9 ,2 7 1
5 3 ,3 2 I
(4% ) 5 1 ,3 3 3
$ 9 9 ,7 4 5

*0 Kincardine

Sand

Pent water

W a te r .own

Cobim?

frrt^AAistin.

ft

9

Goderich'

Big Rapids

Centr a iS q u are
R om e

Alma

JJticaj
Clifford

\I

am ilto:

fRusm.
Avcyn
k co^ e
% C °^

.Woodstock
M H
IC
London
Simcoe

Flint

Ionia
Holland
Hastings

ANSING

Earlville

CobloskTllV)'

ALBANY,

'Cortland

St. Thomas
Catskill

A llegan

v/Kalamazoi
Windsoj
Homer

f'/rA
) ■•
Cassopolis.

Sturgis

pON
kTowanda

INVESTORS’

/

% / a
S& V
.
H illsdi/le

’Titus V.

osh en \ R

?v

m in e s

k v v ay vi ll e

Frernont

Sunbury
Butlei
Tyrone
R och ester

Readin;
Kokomo'

Steuben

La Fayette'

heelinj

X

. kT ran kfart

Coshocton-

ENTON.

SBURG
va,

HARR1SBUR;

4

Johnstown
lamuisteu?<

j Washington

UnionlCi

Bellaire,

raw fordsville__L
Anderson

.rnden

h e e lin g

K4 Connells V.

lanesville

Rockwood

Bedford
Winslow J'

-v

Richmon
IN D IA N A P O L IS .

|

Caldwell

Greencasth

T e r f e H a u te
Gosport

reensburg.

Columbus

incennes

J

\ 5 r.
/La wrencebu rg rF ^ O
n . __
Cowingto:
lK. Vernon
w

litchell

Ritchie

Weston

Philip

omerny

StraSbur/Jc.
Riverton

Buckhanm
Port sm out!
Maysville?^

Chester

o O xford

Gallpoli;
^Quaut\co?|yv
Fredericksburg

M A P OF T H E

ERIE

RAILROAD

Orange
Staunton
^Charlottesville

tCHMOND

[V ol. LXXV.

Paris

W A S H IN G

Manassas;

Ironton
Greenup

ohnson Jc.

,a Grange

Owensboro/

BALTTr^QRf
Grafton

r
afkersburg

;thur

Hillsboro

,Jasper.

E va n sville

'Atheni

Eiger

Cumberland-

Fairmont

M arietta,#/^

Chillicothe

Madison

Bedford

Princeton

Logan

ashingtc

SUPPLEMENT.

Monon*

RAILROAD STOCKS AND BONDS.

J u ly , 1902.J

61

Bonds—Princi­
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal,^When Due.
Amount
of
Par
Rate per When Where Payable, and by Stocks—Last
of
For explanation of column headings, &o., see notes
Road. Bonds Value. Outstanding
Cent. Payable
Whom.
on first page o f tables.
Dividend.
RAILROADS.

Evansv.it T. H. ( Con. 1—gnllivan Co. Coalbr.M. ,g. F 0*
....
1st general m ortgage for $7,000,000, gold F ..c *
100
Fall Brook—Stook ($500,000 is 7 per cent, pref.)...
....
Findlay Fort Wayne £ IF. Railway—1st M. g.M e.e*
....
2d mortgage, income, non-cum., g o ld .M e .......... r
....
Fitchburg— Pref. 5 per cent rental..............................
Bonds, not m oit., $500,000,1903, bal’ ce 1 90 8.c* . . . .
Bonds to State of Mass. 4 p.c. since Feb., 1897.C* . . . .
Bonds ($1,500,000 due 1907, interest A. & O.Rc* . . . .
Bonds, not m ortgage...........................................e&r . . . .
Bonds, (See text, $54,000 are 4s), not m ort— 0* . . . .
....
Bonds, not mortgage............................................. c*
—
Bonds, not m ortgage............................................ c*
Bonds, not mortgage ($2,750,000 are 4s of 1897)
Bonds, not M. ($1,500,0 0 are 3^8 of 1901) ..e&r . . . .
35
Troy & Boston 1st mort. (Y. 53, p. 405).............
....
Brookline & Peppereil plain bonds, gnar. (end)..
H int £ Pere Marquette—See P e r e M a r q u e t t e S ta T E M E
50
Florence Iron Phosph.£ RR.—1st M., $300,000,g.o*
Florida Central £ P e n —See S e a b o a r d A i r L in e R y .
Florida South.—1st M., $5,000,000, g., guar.A R .e* 244
Fonda Johnstown £ Gloversv.—Con.M., $500,000..c
26
26
1st consol, refunding m ort., $700,000, gold.N .c*
26
General refunding mortgage, $1,500,000.N .. .c*
4
Johnstown G. & Kingshoro 1st M., assumed........
CayadattaElec. 1stNL,gu.,p.<fci.,by'F.J.& G .N ..,g.
4
Amsterdam St., 1st M., ($50,000 are 5s) H o , . . c ‘
Do
New M., $1,250,000 g.,red. at llO .N .c*
Ft. Smith £W .—1st M.,$5,000,000,g.,red,105.M e.c* ....
Fort Wayne £ Jackson—Pref. stock, 542 p. c. rental
98
Fort Worth £ Denv. City—Pi. stk. “ stamp, ctfs.” 4% . _
1st mortgage, gold, $18,000 per mile M e .........c*
455
Ft Worth £ Rio Or.—1st M.. g., old 5s, int. red.Ceo* 146

1890
1892

$1,000
1,000
....
50
1894
1,000
1894
1,000
100
’81-’ 88 1,000
1887
’84-’ 87 i,o b o
1890
1,000
1893
1,000
1894
1895-6
1897-8
1900-1 1,000
1874
1,000
1891
NT.

1901

1,000 N’ne Apr. ’02

1895
1,000
1881 100 &o.
1897
1,000
1900
1,000
1893
1,000
1,000
1892
1898
1901
1,000
1902
1 ,0 0 0

....
....

1881
1888

B o n u s . - T h e d e b e n tu r e s w e re d e s c r ib e d In V 60, p. 9 6 7 . T h e s t o c k ­
h old ers v o te d on S ep t. 2 5 , 1 9 0 1 , t o issu e $ 2 ,0 0 0 ,0 0 0 b o n d s to r e tir e
th e $ 5 0 0 ,0 0 0 b o n d s d u e O ct. 1, 1 9 0 1 , an d $ 5 0 0 ,0 0 0 d u e A pr. 1 , 1 9 0 2 ,
and fo r im p r o v e m e n t s .- (V . 7 3 , p . 6 1 5 , 6 6 2 ,1 1 1 2 ,1 3 1 2 .)
A n n u a l R e p o r t .—L a s t r e p o r t (fo r 1 8 9 9 -1 9 0 0 ) w a s in V . 7 1 , p . 90 9.
- ( V . 7 3 , p. 6 1 5 , 0 6 2 ,1 1 1 2 , 1312; V. 7 4 , p . 62 9.)
F l i n t Sc F e r e M a r q u e t t e R R . —M e rg e d in P e r e M a r q u e tte R R
F l o r e n c e I r o n P b o a p h a t e Sc H R . —U n d e r c o n s tr u c tio n fr o m
F lo r e n c e , A la , to M an n ie, T e n n , 5 0 m iles, o f w h ich 3 0 m ile s g ra d e d
1n A p r., 19 02 . T o be c o m p le t e d In 19<>2. I n c o r p o r a t e d in K e n t u c k y
t o d e v e lo p iron o r e d e p o s its , th r o u g h w h ich th e r o a d w ill run . V. 7 4 ,
p. 9 3 6
Htook, $ 1 0 0 ,0 0 0 , a ll o u t s t a n d in g ; p a r o f sh a res, $ 1 0 0 . P r e s i­
dent, p e te r A r i u n d ; S e c r e ta r y , T h o m a s B. L e o n a rd . O ffice, E q u ita b le
B u ild in g , L o u isv ille , K y . - V . 7 4 , p. 3 2 6 , 7 2 7 , 9 3 6 .
F l o r i d a C e n t r a l St P e n i n s u l a r R R , —S e e S e a b o a r d A ir L in e R y.
F l o r i d a K a n t C o a s t K y . —Operate, fr o m J a c k s o n v ille , F la ., v ia
ft' . A u g u s tin e , to M ia m i, 3 6 6 m ile s ; b r a n c h e s to P a la tk a , S a n M a teo,
e tc ., 17 m B cs; A t la n tic < W estern , B lu e S p rin g s to N ow S m y rn a , Fla.,
fc
2H m iles; T it u s v ille b r a n c h , 48 m iles; J a c k s o n v ille to M a y port, 25
m iles; to ta l, 4 8 4 m ile s .—V. 8 9 , p . 59 1. S y ste m o w n e d b y f lo u r y M.
F la k ier. J u n e 3 0 ,1 9 0 0 , s t o c k , $ 1 ,0 0 0 ,0 0 0 ; $ 6 ,7 0 0 ,0 0 0 b o n d s issu ed.
Fm y ea r 1900 01 g ro s s earnings, $ 1 ,6 8 3 ,8 5 6 ; n e t ,$ 8 8 4 ,2 4 1 ,a g « t .$ 4 3 l,5fti; in 1899 -00; c h a r g e s $ 3 6 4 ,1 4 3 . (V . 61, p. 1 12, 4 7 0 , 5 9 1 .)

Const. Cine HR.)

- O w n s from P a la tk a , l l a . , to B ro o k s v lllo , F la ., 145 m iles; B a r to w to
now p o r t o f th e P la n t sy stem and th e b o n d s a re g u a r a n te e d b y
F u nta G o rd a , 7 4 m iles; b ra n ch e s , 2 5 ; tota l, 24 4 m iles.
The bonds
w ere fo r m '-r lv g u a ra n te e d b y the S a v . > lo r ld a & W estern , th is g u a r
a n ty b ein g , it is u n d e rs’ o o d , p r a c t ic a lly a c c e p te d b y the s u c c e s s o r o f
the la tter, the A tla n tic Coast. L in e KK, F or y e a r 1900 0 1 , g r o s s ,$ 4 2 7 ,3 6 0 ; n et, $ 1 1 3 ,7 6 3 , a g a in s t $.15,858 In 1899 -00. (V. 7 5 , p. 77.)
F o n d s i J o h n s t o w n St G I o v r r « v l 1le H R . —O w n s from Font
S . Y ., to WOTthvllle, 26 m iles; lea sed lin e s , 2 6 m iles; to ta l, 5*2 milt
Bterk $ 6 0 0 ,0 0 0 ; pur, $ i o o . O f the gen ref. 4s. $ 2 0 0 ,0 0 0 w e re Is uj
retire 7s and $ 2 0 0 . 0 0 1 1 fo r Im p rov em en ts; $ 7 0 0 ,0 0 0 are reserv
Tor p rior b o n d s , rem ain d er a v a ila b le fo r Im p ro v e m e n ts , e tc, V. 71,
BA Also g u a ra n tees $ 3 0 ,0 0 0 U lo v e r s v llle At B road A lb ln 1«t 5s f ) «
n jHif) o f ih a f 1,0 0 0 ,0 0 0 fttook o f A m ^ tordain ( Kino trie) Htrout It]
Wnloh in mi 11(11n g n n u!t#rmlOirj 0 mi big fr)M-k)*from A irmior lain
H cm u ieetedy, 15 m „ an d tu K a g a m a n s. 2% m iles
(V. 7 3 , p 31 F
oL O
a G . o w n •O a y n d u tta K leetr c K it., b ein g e x te n d e d 5 m iles W
o
V, 78, p , 81; V 74, p. 987,
1
(jw n - en tire $ 1 0 5 ,0 0 0 sto ck o f Goal Go, or F u lton Go. and $ 2 0 0 ,0 0 0
C a y a d u tta hlRc Ry. 1 st c o n s o l. 5s. (V, 7 1 , p, 1 1 6 7 ) to I -dm parti
m te re s te d In the N V . C en tral en tered the. d ir e c t o r y , L o a n s and t.i
p a y ah | ,bu i o 3 0 , 1901, $ 3 4 0 ,0 0 0 . F or y e a r e n d in g J u n e 30, 15»(
b
g ro s s, $3 4 4 ,9 2 7 ; n et, $ 9 0 ,3 8 1 ; o th e r In com e. $ 5 8 ,9 6 8 ; In te r s

A. & 0. N. Y., Far L. & Tr. Co.
A. & 0.
do
do
Q - F . 5 Office, Corning, N. Y.
J. & J. None paid to Jan., ’02
Sept. 1.
Office, Bos. & M., Bos.
Q .- J .
Various
Boston, Office.
F. & A.
do
do
Various
do
do
J. & D.
do
do
Semi-an
do
do
M. & N.
do
do
Semi-an
do
do
Semi-an
do
do
A. & 0 .
do
do
J. & J.
do
do
J. & D.
do
do

Apr. 1, 1930
Apr. 1, 1942
May 5, 1902
Jan. 1, 1945
Jan. 1, 1945
July 1 , ’ 0 2 ,114
1913 and 1908
Feb. 1, 1937
1904-5-7
June 1, 1920
Various, 1903
May 1, 1914
1915 & 1916
1927-1928
Oct. 1,1920-21
July 1, 1924
Deo. 1, 1911

5 g- J. & J. Am.Tr. & Sav. Bk., Chic. Jan. 1, 1932

4,241,000
4 g200,000
6
500,000
AJg, g.
400,000
4 g.
50,000
6
350.000
6
159,000 4 & 5 g.
5 g.
(1)
750,000
5 g.
2,291,416
bH
2,540,000 2 in 1902
8,176,000
6 g.
2,923,000
4 g.

100
100
1 ,0 0 0
1 ,0 0 0

Officees —President, Edwin S H ooley, New York; Chairman of D i­
rectors, W. F. Carleton, N. Y.; Vice-Pres., Geo. H. B a ll; Treas., C. A.
Nones; Secretary, Gilbert S. Wright, E vansville,Ind. Directors (Mar.,
1902), Y. 73, p. 901; Y. 74, p. 477, 5 7 7 —(Y. 74, p. 775.)
E v a n s v ille T erre H a u te Sc O k ie .—See Chic. & East. 111.
F a ll B rook: R a i l w a y .—(See Map New York Central £ Hudson
R iver RR.—Owns from Corning, N. Y., to Antrim, Pa., 53 miles; branch
to Ulysses, Pa., 40 miles; Fall Brook branch, 7 miles; total 100 miles.
L ease .—The railroad and its rolling stock was leased to N. Y. Cen­
tral & Hudson R iver RR. for 999 years from May 1,11899, for $175,000
yearly, payable quarterly in gold, beginning Aug. 1, 1899. also taxes
and repairs, the leases of the Syracuse Geneva & C om ing Ry. and
Pine Creek RR., form erly held, being canceled and new leases made to
N. Y. Central, which also assumed the guaranty o f the $3,500,000 Pine
Creek bonds. The lease does not Include the coal properties ot FaB
Brook Coal Co. Prior to the lease dividends had been paid quarterly
since 1891 at the rate of 7 per cent per annum on preferred and 6 p.
o. on common; since the lease, 7 per cent on preferred and 2 ^ per cent
on com m on.—(V. 68, p. 379, 573, 773, 872.)
F a y e tte v ille Sc A lb e m a r le .—See Sup . J u ly ,’01, and V. 69, p.743)
F in d la y F o r t W a y n e Sc W e ste r n R y .—{See Map C. H. £ D .)—
Owns from junction with the “ B ig Four ” at Findlay, O., to F jr t
Wayne, Ind., 80 miles. Uses Pennsylvania terminals in Ft. Wayne.
Purchased in N ov., 1901, by the Cincinnati H am ilton & Dayton By.
H i s t o e y .—A reorganization of Findlay Ft. W. & W. RR., foreclosed
and extended to Ft. Wayne, 20 m. Stock, $2,000,000; par $100. First
mortgage is $1,200,000, at [$15,000 per mile ; no interest paid to Jan.,
1902. For year ending June 30,1 90 1 , gross, $106,358; net $17,111.
In 1899 0, gross, $116,178; net, $15,897— (V. 73, p. 1111.)
F itc h b u r g R R . —System extends from Boston Mass, to Troy,
N. Y., 190 miles; branches to W orcester, Bellows Falls, etc., 268 miles;
458 miles in all, o f which 56 miles (Fitchburg to Greenfield) leased
from Yermont & Mass, and 8 m. from other cos.; second track 172 m.
L e ase .—Leased for 99 years from July 1,1900, to Boston & Maine for
5 p.c. on pref. and 1 p. c. on com mon stock, payable quarterly [Jan. 1,
etc.], organization expenses, interest on bonds, taxes, expenses of
maintenance, etc.
The B. < M. holds all the $7,000,000 common
fc
stock, mostly pun hased with proceeds of its 3 p. c. 1 onde, $ for $. V.
70, p. 76, 1 2 5 , 176, 5 8 3 , 1291; V.71, p. 29, 5 4 3 ; V. 72, p .532.

F l o r i d a S o u t h e r n R R . —(Bee Map Atlantic

$450,000
5 g.
2,223,000
5 g.
5,000,000 See text.
1,200,000
5 g.
800.000
5
17,360,000
5
2,500,000
5
5,000,000
4
2,500,000
4
500,000
4
1,932,000
4-5
500,000
4ie
1.859.000
4
4.200.000
2,000,000
573,000
7
100,000
5

J. & J.
A. & O.
J. & J.
J. & J.
J. & J.
A. < O.
fc
A. & O.
M. & *.
A. & O.
M. & S.
See text.
J. & D.
J. & J.

Jan. 1, 1945
Apr. 1, 1921
N.Y., N.Y. Seo. &Tr.Co. July 1, 1947
do
do
July 1, 1950
1913
N. Y ., Farm. L. & T. Co. Oot. 1, 1922
Oot. 1, 1920
N Y ..N . Y. Sec.&Tr.Co. Sept 1, 1931
N. Y ., Merc. Trust Co. Apr. 1, 1932
N. Y ., Farm. L. & I t . Co . Mar. 1, ’02,2%
N. Y ., Morton Trust Co. A pr.15,1902,2
N. Y ., Mercantile Tr.
Dee. 1, 1921
N.Y., H.B.Hollins & Co. July 1, 1928
See text.

F o r t S m itli & W e s t e r n R R . —Operates Fort Smith. Ark., to Me.
Curtain, I. r., 40 miles, o f w hich Ft Smith Jct. to McGurtain is owned
and Ft. Smith Jet.; to Ft. Smith is Kansas c ity Southern trackage; un­
der construction from McCurtain to Guthrie, O .T., F 3 miles, o f which
43 miles were expected to he in operation about July 10, 190 7 ; 35
more by N ov. 1 and the remainder by July 1 ,1903 The road will de­
velop coal properties in Oklahoma; H enry C Frick of Pittsburg, Pa ,
is underst od to be largely interested. Stock, *5,000,00n, all out­
standing; par o f shares, $100. Bonds, see table above. President,
George Hayden, of Ishpeming, Mich.; Secretary and Treasurer, A. C.
Dustin, Cleveland, O.—V. 75, p. 29.
F o r t W a y n e Sc J a c k s o n R R . —Owns Jackson, Mich., to Fort
Wayne, Ind., 98 miles. On August 24, 1882, leased perpetually to
Lake Shore & Michigan Southern at a rental o f $126,027, equal to 5
per cent on the preferred stock (see V. 56, p. 812), and after 1887 any
net earnings over 8 per cent on pref. stock to be paid as dividends on
common, hut not exceeding 2 p. e. a year. Common stock, $436,132.
F o r t W o r t h Sc D e n v e r City R y .—Owns Fort Worth, Tex., to
Texline, 454 m. Owns stock and bonds o f Ft. Worth & Den. Term. Ry.
S t o c k , E tc . —
Colorado & South. Ry. owns a m ajority o f $6,835,000
common. Pref. stock,“ stamped,” see V.63, p .1063. Car trusts,$52,OuO.
D i v i d e n d s .— On pref. 2 p .c. Mar., ’98; M ar.,’9 9 ,2 p .c.; Apr., 1902, 2
p. c. out of surplus earnings of the years 1899 -1901.—V. 7 4 , p. 528.
B onds .—Finances readjusted in 1896, the 1st 6 s agreeing (1) to
reduce interest to 4 per cent for five years from Decem ber 1,1895;
(2) to take $312 stock fo r five overdue coupons and the 2 p. 0. deferred
Interest. Plan V. 63, p. 75 A b s tr a c t o f mortgage V. 45, p. 440.
Interest at 6 per oent was resumed in June, 1901.—V. 72, p. 988.
E a e n i n g s .— 5 mos., 5 1902................. Gross, $898,295; net, $229,862
Jan. 1 to May 31. (1 9 0 1 ................. Gross, 853,911; net, 218,687
A n n u a l R e p o e t .— R eport for 1901 was in V. 74, p. 675, show ing:
Year end. Dec. 31—
1901.
1900.
1899.
1898.
Gross earnings............ $2,163,397 $1,807,089 $1,610,852 $1,479,435
N e to v e rta x e s.............
533,860
346,410
340,157
406,522
Other incom e...............
11,962
17,083
15,750
17,881
From total net income, as above, in 1901 ($545,822), deduot interest
on bonds, $495,842; rentals, $10,000; bal., $39,981.
President, Frank Trumbull, Denver, Col.—(V. 74, p. 528, 577, 6 7 5 .)
F o r t W o r t h Sc R i o G r a n d e R y . —O w n s fr o m F o r t W o r th , T e x .,
t o B r o w n w o o d , a b o u t 1 4 6 m ile s; c o m p le t e d in A u g u s t, 1 8 9 1 . S to ck
o u ts ta n d in g w a s $ 3 ,1 0 8 ,1 0 0 : p a r, $ 1 0 0 . T h e s t o c k h o ld e r s v o t e d J u n e
1 3 , 19 01 , to in c r e a s e th e s t o c k to $ 6 ,2 5 0 ,0 0 0 t o p a y f o r e x te n s io n
fr o m B r o w n w o o d to S a n A n t o n io a n d th e M e x ic a n b o r d e r , o f w h ich
48 m ile s t o B r a d y to b e o p e r a te d in fa l l o f 1 9 0 2 . V . 7 2 . p. 12 3 7 .
C lo se ly a llied w ith th e St. L o u is & S a n F r a n c is c o (w h ic h s e o ).— V. 7 2 ,
p . 5 3 2 , 5 8 0 ; V . 7 3 , p. 13 7, 9 1 2 .
I n t e r e s t A d j u s t m e n t .—In M a y , 1 8 9 7 , 1 st m o r tg a g e 5 p e r o e n t
b o n d h o ld e r s a g reed to a c c e p t 3 p e r c e n t in te r e s t fr o m J a n . 1, 1 8 9 7 , to
Ja n . 1 , 1 9 0 2 , in c lu s iv e , a n d 4 p e r c e n t th e r e a fte r . O ld c o u p o n s w ill
b e h old a liv e b y tr u s te e fo r b e n e fit o f b o n d h o ld e r s .—S ee V. 6 4 , p. 8 8 8 .
F o r y e a r e n d in g J u n e 3 0 , 1 9 0 1 , g r o s s , $ 6 6 1 ,3 0 8 ; n et, $ 2 9 3 ,1 9 6 : ln t.,
$ 8 8 ,1 9 5 ; t a x e s , $ 1 1 ,6 6 9 ; b e tte r m e n ts , $ 4 0 ,0 6 3 ; b a l.,s u r ., $ 1 5 3 ,2 6 9 .—
(V . 72, p 12 37 ; V .7 3 ,p . 1 3 7 ).
P resid en t, B. F. Y o a k u m , St. L o u is; Seo an d A u d it o r , J . S. J o n e s , F t.
W o r t h ; A s sis t. S ec. a n d A s s is t, T r e a s ., F. H . H a m ilt o n , c t . L o u is ,

F u l t o n C o u n t y N a r r o w G a u g e R y . —See Apr., 1900, Stirr.
G a i n e s v i l l e Sc G u l f K y , —S a m p s o n C ity t o F a irfie ld , F la ., 48
m iles. S to c k a u th o r iz e d . $ 1 ,0 0 0 ,0 0 0 . p a r $ 1 0 0 ; Issu ed J u ly , '0 1 , $ 3 0 0 ,00 0. L o a n s a n d h ills p a y a b le o u ts t a n d in g .f in e 8 0 , 1 0 0 1 , $ 3 0 ,2 7 8 ;
c a r tru sts, $ 1 9 ,3 0 9 . Y ea r e n d in g J u n e 3 0 , 19 01 , g r o s s , $ 6 0 ,8 2 1 ; su r ­
p lu s a b o v e c h a rg e s , $ 6 ,i>26. P re sid e n t, J . M . G ra h a m . Oftlcso, G a in e s ­
v ille, F la .— (V. 7 3 , p. 6 1 0 , 7 8 3 .)

G a in e s v i ll e J e f f e r i o u

Sc H o .

R R . —See Apr., 1900, Sui’P.

G a l v e m t o n I l a r r l w l H i r g A N a n A n t o n i o R y . —fSee Man South
lo (Jr. R iv e r , 8 3 5 m iles;
P a c i /t c .) O w n s H o u s to n , T e x ., to e a s t b a n k o f R io ■
b r a n c h e s . 7 3 m .; to t a l, 9 1 8 m iles.
O r g a n i z a t i o n , St o c k , Kt o . o p e r a t e d b y th e S ou th ern P a c ific C o m ­
p a n y , w h ich o w n s $ 2 7 ,0 4 4 ,8 0 0 o f t h e $2 7,08 -1.37 2 sto ck (par, $ 1 0 0 ).
B o n u s . •F irst m ort. bun a s in k in g fu n d o f 1 p. 0 ,, b u t it Is o p t io n a l
w ith h o ld e rs to su r re n d e r th eir b o n d s IT d ra w n . W e s te r n !>iv. kdn
by sp ecia l agreem en t, are tr e a te d as In co m e bon ds. V. 58, p. 711).
On J u n e 8 0 , 1901, th ere w a s d u e th e T e x a s At N ew O rlea n s R R . $ 5 .0 9 1 ,9 9 9 . F o r s ta tu s o f o ld cla im s o f th e sc h o o l fu n d see V. 6 4 , p. 1 137,
V. 0 0 , p. 4 7 1 ; V. 7 0 , p. 686.
K a h m i n o s . II m os., ) 190141____O r o s s , $ 0 , 0 2 1 ,0 0 7 ; net, $ 1 , 3 4 0 ,0 0 3
J u ly 1 to M ay 3 1 .
( 1900-1. . .G ro ss , 0 , 4 '2 ,8 2 5 s n et, 1,2 13,00 8
Y ea r (-riding J o n e 30, 1 9 0 1 . g ro s s . $ 0 ,0 9 8 ,2 7 8 ; net, lu o). o th e r In­
c o m e , $ 1 ,3 7 2 ,3 0 4 ; c h a rg e s , $ 1 ,7 2 8 ,6 4 3 , In clu d in g $ 1 9 2 ,3 0 2 lo r Im ­
p r o v e m e n ts ; ba t., fief., $ 3 5 0 ,2 8 0 . In 1 8 9 0 -0 0 , g r o s s , $ 6 ,2 1 2 ,6 4 0 ; net,
1 1 ,2 1 6 ,7 5 2 .— (V . 00, }>. 4 7 1 .)

G a lv e s t o n

H o u sto n

< H en derson
V

IIII. ot

1 8 8 2 .—Owns

from G alveston , T e x a s , to H ouston, Texan. 50 miles.
UnuANiZA rioN. T h e M. K. A T. and In te r n a tio n a l A G r e a t N orth ,
t,
h a v e used the r o a d jo in t ly s in c e D e ce m b e r , lHi)r> u n d er a c o n t r a c t
p r o v id in g for p a y m e n t to m ortgage tr u s te e o f $ 1 0 0 ,0 0 0 y e a r ly
to m eet in te re st on G. If. .V ft. b on d s and an a d d itio n a l ren ta l o f
$ 2 4 ,0 0 0 n or an n u m fo r d iv id e n d s o r o th e r p u rp o s e s see V, 01, p,
1004; V. 03, p. 09 7, M, K. A T. ow ne 4,9 9 9 sh ares o f G. II. At II. s to ck
t.

1

INVESTORS’

6 2

SUPPLEMENT.

[Y ol. l x x v .

Bonds—P rin ci­
IN TEREST OR D IVID EN D S.
Miles Date Size, or Amountpal,^When Due,
of
Par Outstanding
of
Rate
F o r explan ation o f colum n headings, & c., see notes
When W here Payable, and by Stocks—Last
Road. Bonds Value.
Whom.
on first page o f tables.
Per cent. Payable
Dividend.
R A ILR O A D S.

Fremont Elkh. & Mo. River—See C h ic . & N o r t h w .
48
Gainesville < Gulf— 1st m ort., $150,000, gold...S c*
&
QcUveston Harrisb. & S. Antonio—lstM .,g .,lan d gr.c*
256
2d m ortgage, Harrisb. and H ouston to San Ant.c* 225
W est. Div. lstM .,g .,S a n A .toE lP a so,6 3 6 m.&br.c* 671
671
2d m ortgage (see rem arks)..................................c*
50
Galveston Houston & Hend. o f 1882—1st M ., l e . c *
56
Galveston Roust. < N orth.—1st M., $800,000, gold .
&
Genesee & Wyoming R R .—1st M., g., $ 5 0 0 ,0 0 0 .!£ ..
16
Georgia < Alabama—Ga. Carolina < Northln—See S e a b .
&
&
Georgia FI or. d Alab.—1st M., $550,000, g .. y* a.c* T ext
Georgia MidVd B y.—1st M., g., $1,650,000, int. gu.
98
Georgia Pacific—S ee S o u t h e r n R y .
307
Georgia Railroad < B anking C o —Stock...................
&
....
Bonds, refunding, n ot m ortgage, cu rren cy ....... c*
....
Bonds, n ot m ortgage, cu rren cy ........................ c\fcr
Bonds, n ot m ort., cur., $200,000 are 5s o f '8 7 cx&r . . . .
Georgia Southern < Fla.—Com. stock, $1,000,000
&
1st p ref., red. aft. June 1, 1905, $684,000, 5 p. c. T e x t
2d pref., $1,084,000, 5 per c e n t...............................
1st m ortgage, gold, $4,000,000. JJfe B a ............. c*
285
....
E quipm ent trusts, $L8,000 due sem i-annually..
Gettysburg < H arrisburg—So. Mt. 1st m ortga ge___
&
....
G ettysb'g & H arrisb’g 1st m ortgage, old issu e ...
....
35
Consol, m ortgage, $565,000, gola, see t e x t -----125
Gila Talley Globe < North’n— 1st M., g., t e x t ..M p
&
12
Goshen < D eck er?
&
Sc 2d M. ($60,000 are 2ds)
13
Gouverneur < Oswegatchie—1st M,,g, gu. p.<fc i. U 11 .c
&
Gr. Rap. Beldinq & Saginaw—1st m ort., text, gold
28
....
Grand Rapids & Indiana Ry.—Stock, $6,000,000.c*
335
1st M., m ostly 1. g r.,g ., ext. in 1 8 9 9 .....................o'
335
1st m ort., extended, gold, guar, b y Pa. R R ....... c*
387
2 d M ., $5,000,000. g . . ..............................................c*

1899 $1,000
$150,000
'71-'80 1,000
4,756,000
1880
1,000
1,000,000
1,000 13,418,000
1881
1,000
1881
6,354,000
1883
1,000
2,000,000
1900
800,000
1899
1,000
500,000
A ir L ine R y .
1901
1,000
200,000
1,000
1896
1,650,000
1897
1880
1882-7
—

100
1,000
1,000
1,000
100
100
100
1,000

1895
1902
....
1,000
1882
1,000
1891
1,000
1894
1,000
1888-9 500, <fcc
1892
1,000
1899
1,000
....
100
1,000
1891
1891
1,000
1896
1,000

—see V. 61, p. 1013. Stock, $1,000,000 ; par, $100. F or year ending
D ec. 31, 1902, gross, including $124,000 fo r trackage as above, $385,169; net, $168,068; other incom e, $ 2,0 72 ; interest, $100,000; other
charges, $9,548, balance, deficit, $60,592.—(V. 65, p. 1114.)
G a lv e s to n H o u s t o n Sc N o r th e r n R y . - Owns from Magers,
suburb o f H ouston, Texas, to G alveston 53 miles. Successor May 1,
1899, o f G alveston La P orte & H ouston Ry., sold under foreclosure.
Capital stock is $500,000; issued $200,000, o f w hich the Southern
P acific ow ns $199,000, together w ith all the bonds. V. 72, p .2 8 7 .
Y ear ending June 3 0 ,1 9 0 1 , gross earnings w ere $ 3 8 9 ,0 7 9 ; deficit
under operating, $173,439.—(V. 70, p. 125, 176; V. 71, p. 1311.)
O a lv e s to n Sc W e s t e r n R y .—G alveston, T ex., to N ottingham , 13
m iles, com pleted in 1889. Stock, $500,000. On June 28, 1900, the
stockholders authorized a m ortgage f o r $500,000, o f which $300,000
was approved by the RR. Commission, fo r reconstruction, extensions
and im provem ents.—(V. 71, p. 29; V. 71, p. 29, 492.)
G e n e s e e Sc W y o m i n g R R . —R etsof, N. Y .,t o Pittsburg & Lehigh
Jet., 11 miles; R etsof Jet. to G relgsville, 4 m .; branch, 2 m,; total, 16
m. Stock, $500,000: p ar o f shares, $100. Dividends from Oct., 1899,
to A pr., 1902, incl., 5 p. o, yearly (paid A.-O). Y ear 1900-1, gross,
$110,362 net, $35,023; int. and taxes, $27,864; dividends (5 p e rce n t),
$25,000; bal., d e l , $17,841. Pres, and Treas., E. L. Fuller, Scranton,
Pa.; Sec., H. D. Fuller, 115 B roadw ay, N. Y .
G e o rg e ’ s C reek Sc C u m b e r la n d .—See A pr., 1900, Su p p .
G e o r g e t o w n Sc W e s t e r n .—See A pr., 1900, Supp . (V. 71, p. 913.)
G e o r g ia Sc A l a b a m a R y . —See Seaboard A ir Line R y.
G e o r g ia C a r o lin a Sc N o r th e r n R y .—See Seaboard A ir Line Ry.
G e o r g ia F lo r i d a Sc A la b a m a R y . —A rlin gton to B ainbridge,
Ga., 40 miles; extension to Tallahassee, Fla., 41 miles, was placed
in operation in March, 1902. Further extension projected from
A rlin gton to Columbus, Ga., 90 miles, o f w hich 25 m iles from A rlin g­
ton to Cuthbert, Ga., to be com pleted b y Oct., 1902. A n exten sion is
also to be built from Tallahassee, south to Tam pa, 130 m iles, via
Perry, Old T ow n and B rooksville, w ith branch irom Old T ow n to
A rch er, Fla., under the charter of the Florida Southeastern R y., in­
corp orated June 15, 1902. V. 75, p. 29. Name changed In 1901
from G eorgia Pine R y. Stock, $350,000, all outstanding; par.
$100. F or year ending June £30, 1901, (40 miles, m ortgage issued
later), gross, $68,470; net, $28,223; taxes, $1,138; im provem ents,
$13,573: bal., sur., $5,706. President, J. P. W illiam s; Sec. and Treas.,
J. O. H atch. Office, Savannah. Ga.— (V. 74, p. 1089; V. 75, p. 29.)
G e o r g ia m id la n d R y . —Owns road from Colum bus to M cDonough,
Ga., 98 miles. Leased from Ju ly 1 ,1 8 9 6 , fo r 99 years to the Southern
R ailw ay Co. for $49,500 annual rental (being Interest on the first m ort
;age bonds, etc.,) and $2,500 for Columbus term inal property. Stock
s $1,000,000, ow ned by Southern R ailw ay Co.—(V 63, o. 3 6 1 .)
G e o r g ia R a i l r o a d .—Under this nam e are operated the lines leased
fro m the Georgia RR. & B anking Co.—which see.—V. 67, p. 1 2 6 0 .
G e o r g ia R a i lr o a d Sc R a n k i n g C o m p a n y .—Owns from
Augusta, Ga., to Atlanta, Ga., 171 miles; branches to W ashington
ana Athens, 58 miles; M acon & Augusta R R. (proprietary road), Camak,
Ga., to M acon, Ga., 74 m iles; trackage, 4 miles ; total, 307 miles.
O r g a n iz a t io n .— Owns also one-half the stock o f the W estern R ailw ay
o f A labam a (the Central o f Georgia R ailw ay ow ning the other half),
and a 47 per cent interest in the A tlanta & W est P oint (which see).
Guarantees (jointly w ith Central R R . & B. Co. o f Georgia) the $1,543,000 first m ortgage 4*s per cents o f W estern R ailw ay of Alabama.
In A pril, 1881, the railroad (307 miles) and its interest in the other
railroad com panies w ere leased for 99 years to W. M. W adley and
associates, fo r the Central o f G eorgia and the Louisville & N ashville, at
$600,000 per year, but in A pril, 1899, the L. < N. was held to have ac­
fe
quired all rights under the lease; the A tlantic Coast Co. in July, 1899,
acquired a half interest.—V. 68, p. 722; V. 69, p. 385, 591. Securities
deposited under lease, V. 70, p. 125.
Deo. 31, 1892, the banking departm ent was turned over to “ G eorgia
R ailroad B ank,” a m ajority [$198,200] o f whose stock is owned.
D iv id e n d s —
> '81. '82. '83 t o ’ 87. '88. ’ 89 to July, 1902.
Since 1880, P. C t .) 9 ^ 10% 10 yearly 10%
1 1 p. 0 . yearly.
E a r n in g s .— 307 miles, ) 1901-2...G ross, $1,848,839; net, $620,862
July 1 to M ay 31.—11 mos. ) 1900-1. .Gross, 1,716,893; net, 534,339
Railroad earns, fo r year ending June 3 0,1 90 1 , gross, $1,834,679; net,
$ 55 0.3<6; divs. received, $117,423; advances, $16,937; rental to Ga.
RR. Sc B. Co., $600,000; balance, sur., $ 0,791.— (V. 70, p. 125.)
G e o r g i a S o u t h e r n Sc F lo r id a R y . - (See Map o f Southern R y.)—
Owns from M acon, Ga., to Palatka. Fla., 285 miles.
H i s t o r y .—A reorganization o f the G eorgia S. & F. R a ilroad , sold in
foreclosu re A pril 2 /9 5 . (Per plan In V. 60, p. 928; see also V. 59, p. 551.
D iv id e n d s .—On l e t p ref.,‘96, 4 p. c.; ’97 to May, 1902, 5 p . 0. yearly
On 2d pf. i n '9 7 ,2 p. c . ; '9 8 ,3 ; '9 9 ,3 ; 1900, 4 ; ’01, 4; 1902, May, 2 p. 0.
B o n d s .—A bstract o f 1st m ortgage o f 1895 was in V. 61, p. 429. The
m ortgage is for $4,000,000 and covers all o f the p roperty and franchises
and provides also that the $684,000 first p referred stock authorized
shall constitute a lien upon the same second on ly to the bonds and co u ­
pons. The unissued firsts are reserved for old claims, im provem ents,eto.
In 1902 issued $360,000 equipm ent trusts. V. 74, p. 987.
L a t e s t E a r n in g s .- 11 mos., J 1901-2.Gross, $1,145,408; net, $274,300
Ju ly 1 to May 31.
\ 1900-1.Gross, 1,106,188; net, 279,760

f

4,200,000
1,000,000
1,000,000
500,000
1,000,000
684,000
1.084.000
3.801.000
360,000
100,000
250,000
215,000
1,514,000
246,500
300,000
260,000
5,794,700
920,000
4,455,000
3,962,000

6
6
7
5
6
5
5
5

g. J. &
g. F. &
J. &
g. M. &
J. &
A. &
te
g. J. <
A. &

J.
A.
D.
N.
J.
O.
J.
O

1929
N. Y ., Standard Tr. Co.
N.Y.,So.Pac.Co., &Bost. Feb. 1, 1910
do
do
June 1, 1905
N .Y.,So.P.C o.,120B ’ w 'y May 1, 1931
July 1, 1931
N. Y ., Merc. Trust Co. Apr. 1, 1913
Jan. 1, 1930
New York,
N. Y ., K nick. Trust Co. A pr. 1, 1929

5 g. J. & J. N ew Y o rk & Savannah. July 1, 1951
3 g. A. Sc O. N. Y ., J. P. M organ & Co. Apr. 1, 1946
11 in ’01 Q.—J.
5
J. & J.
J. & J.
6
5 & 6 J. & J.

Augusta; m ail'd to N.Y.
N. Y ., Am. E x. Nat. Bk.
N .Y.,Am . E x.B k.& Aug.
A ll Augusta; 6s in N.Y.

July 15,'02,2%
Jan. 1, 1922
Jan. 1, 1910
Jan. 1, 1922

5 in 1901 M. & N. Balt. M.T.<fcD.Co.&N.Y. May 5, ’02, 2%
May 5 /0 2 , 2%
do
do
4 in 1901 M. Sc N.
5 g. J. Sc J. Balt.M .T.&D.Co.& N .Y. July 1, 1945
M ar.'03,Sep’12
A. < O. Phila., R eading office.
fe
4
Oct. 1, 1912
A. & O. Phila., P. Sc R. office.
6
do
do
Oct. 1, 1926
Various
5
N ew Y ork.
N ov. 1, 1924
5 g. M. & N.
1928-29
6
Various N Bk OrCo,Goshen,N.Y.
5 g. J. & D. N .Y., Gd. Cent.Station. June 1, 1942
5 g. M. & S. In t'l Trust Co., Boston. Mch. 1, 1924
2 in 1901 A & 0 Of., Gr. Rapids, Mich A pr.25,'02, 1%
3 ^ g. J. & J. N. Y., W inslow, L. Si Co. July 1, 1941
July 1, 1941
do
do
4%g. J. & J.
Philadelphia, Pa.
Oot. 1, 1936
4 g. A. & O.

A n n u a l R e p o r t .— F iscal year ends June 30. R ep ort fo r 1900-1
was in V. 73, p. 442, show ing gross, $ 1 ,2 0 3 .8 1 1 : net, $300,667 ; other
incom e, $ 1 2 ,7 8 9 ; interest on bonds, $ 1 9 0 ,0 5 0 ; div on pref. stock,
$99,240. In 1899-0, gross earns, $1,180,411; net, $310,749.
Pres., Samuel Spencer, N. Y .—(V. 73, p. 391, 4 4 2 ; Y. 74, p. 987.)
G e tty s b u r g & H a r r i s b u r g R R . —Carlisle to G ettysburg, Pa., 31
miles; branch to R ound T op, Pa., 3 miles. Tne Reading C om pany ow ns
$540,700 o f the $600,000 capital stock, $535,000 of which deposited
as part security fo r its general m ortgage o f 1896 The consol, 5s of
1891 w ere guaranteed b y Phila. & Read. R R. (foreclosed co.).
G ila V a lle y G lo b e Sc N o r th e r n R y .—B ow ie, A riz., to G lobe,
125 miles. Stock, $2,000,000, of w hich Southern Pacific Co. ow ns
$1,100,000. V. 71. p. 1314. P ar, $100. The bonds, limited to $15,000
per m ile ($1,514,000 outstanding), are guaranteed, principal and in­
terest, by the Southern P acific Co. Y . 69, p. 27. See form o f guar­
anty in V. 68, p. 232.
D iv id e n d .—D ividend, 1901, Jan., 4 p er cent; 1902, Jan., 4 p. c.
E a r n in g s — 11 m os.,
$1901-2..........Gross, $340,33 • net, $176,978
;
July 1 to M ay 31.
*1 90 0-1 .......... Gross, 338,110; net, 181,107
Y ear ending June 30, 1901, in Y. 73, p. 1108, viz.: Gross, $365,835;
net, $195,024; interest, $ 7 5 ,7 0 0 ; div. (4 p. c ), $80 000; balanoe,
surplus, $39,324. President, W illiam G arland; Sec. and Treas., A. O.
Laird, Los A ngeles, Cal.—(Y. 71, p. 1 1 6 4 , 1167; Y. 73. p. 616, 1 1 0 8 .)
G o u v e r n e u r Sc O s w e g a tc h ie R R . —Owns from G ou vem eu r to
E d v ard s, N. Y ., 13 miles. Stock, $350,000, all ow ned by N. Y. C e n t
—w hich guarantees the bonds. See V. 55, p. 810 and V. 56, p. 501.
G r a n d C a n y o n R R . —See Y. 73, p. 185.
G r a n d R a p id s B e l d l n g Sc S a g in a w R R . —F reeport to B elding,Mich.,2>* mile. M ortgage is fo r $260,000 on 28 miles and$9,000 per
mile fo r additional construction. Leased from Jan. 1, 1900, to Pere
M arquette R R .. w hich ow ns all the stock, for 30 years, rental coverin g
interest.—(Y. 70, p. 39.)
G r a n d R a p id s Sc I n d i a n a R y . —(See Map o f Pennsylvania R R .)
—Owns from Fort W ayne, Ind., to M ackinaw City, 367 miles M anistee
Branch, 19; other branches, 42 miles; total ow ned, 428 miles; operates
the follow in g roads but has n ot assumed the old com pan y's leases
thereof: Cincinnati R ichm ond & Fort W ayne R R ., 86 in; Traverse City
RR., 26 m.: Muskegon Grand Rapids Si Indiana R R ., 37 n. As to e x ­
tension and car ferry plan in 1902, see Traverse City Leelenau Sc
Manistique R R in Y. 74, p. 777.
H i s t o r y . —Successor Aug. 1, 1896, o f Grand Rapids & Indiana
Railroad, foreclosed under second m ortgage per p la n in V. 63, p. 153.
D ividends .—D iv id e n d ,! p. c., A pr., 1 9 0 0 ; in 1901, 2 p. 0 (A. < O.)
fe
1902, April, 1% P- 0. V. 74, p. 728.
St o c k .— Stock, $6,000,000, o f .which Penn Co. was reported on Jan,
1, 1902, to ow n $2,000,000. Y. 74, p. 95.
B o n d s .—The first mortgage bonds extended at 4% per cent are en­
dorsed with the guaranty of the Pennsylvania RR. Co. to purchase the
coupons as they mature, and the bond itself at maturity. They have ne
lien on land grant. See g u a r a n t y V. 56, p. 649,—V. 69, p. 1193. Of
the 2ds $3,687,000 w ere ow ned Jan. 1, 1902, by Penn. R R. Real
estate m ortgages, $150,000.
R eport .—R eport for 1901 was in V. 74, p. 676. In 1901 ca rried 2,156,372 tons freight, o f which 46 p. o. was lum ber, etc.,and 9 p. 0. coal.
1898.
Tear end'g Dec. 31.
1901.
1900.
1899.
434
Miles operated............
430
430
428
3to 88 in c o m e ..............$2,871,782 $2,661,433 $2,464,284 $2,171,717

Interest charge for 1901, $ 39 1,1 5 5; other, $170,900; dividend
(2 p . 0.), $115,834; bal., surp., $22,824.—(V. 74, p. 6 7 6 , 728, 775.)
G r a n d T r u n k R y . o f C a n a d a .—Operates from Q uebec, Can.,
via M ontreal, to C hicago, 111.; also to Portland, Buffalo, D etioit. eto.;
SYSTEM PROPER.

REPORTED SEPARATELY.
M ile s. I M a jo r it y S to c k O w n ed .
Mtteg.
.................................... 3,08* I Central V e r m o n t? ........
170
L ea sed —p a r t l y o w n e d —
1 Grand Trunk W estern 7 .................. 835
A tlan tic A St. Law rence, P ortE n t i r e s to c k m im ed.
land. Me., to Island P on d , V t . . . 150 D etroit Grand H aven & M ill........ 18#
Buffalo * Lake H u ron ...................... 162 M ichigan A ir L in e .............................
Ctncin. Sag. A M ackinaw ................
63
Other lin es........................................... 105
T mu*
--------1
Total r o a d .....................................4,0o»
T otal in earn ings........................3,559 I TSee separate statem en t this To.
Lines ow ned

Organization .—A consolidation, in A ug., 1882, o f the Grand Trunk
and Gt. W estern railways. Owns $2,185,100 o f the $3,000,000 stock
and $1,583,300 of the bonds o f the Central Vt. R y.—V. 68, p. 427,
1076. As to traffic agreem ent with latter see V. 68, p. 1076.
S t o c k , E tc .—1 he authorized capital on Dec. 3 1 ,1 9 0 1 , was £41,656,364 stock (£40,813,834 issued and £84 2,5 3 0 unissued), advances
from the Canadian G overnm ent in aid of construction am ount to
£3.111,500.
Perpetual consolidated 4 per cent debenture stock;
authorized by A ct of 1882 and later A cts, has been issued from
time to tim e to acquire securities o f com panies consolidated and con­
trolled, am ounting Dec. 3 1 ,1 9 0 1 , to £7,506,373, and bearing an an­
nual interest o f $390,223. V. 71, p. 84.
D i v i d e n d s since 1893: Guar., 4% stock—1894-97, nil; Oct., '98, 2%;
1899. to A pr., 1902, 4% yearly. On 1st pref.: In 1899, 4%; in 1900
A pril, 4%; Oct., 1 %%; 1901, M a y ,3 ^ % ; Oct., 2%%; 1902, A pr., 2%%.

«3

RAILROAD STOCKS AND BONDS

J u l y , 1902.]

Bonas—Princi­
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal, When Due.
Amount
Par
of
of
Rate per When Where Payable, and by Stocks—Last.
F o r e x p la n a t io n o f c o lu m n h e a d in g s, A c ., see n o te s
Road. Bonds Value. Outstanding
Cent. Payable
Whom.
Dividend.
o n first p a g e o f ta b le s .
RAILROADS.

32
Grand Rapids Kalkaska < S. E.—1st M., s. f., I B ..
£
Grand, T ru n k R y .—Consol, stock, £23,318,309..
Four per cent guar, stock, non-cum ....................
1st preference 5 per cent stock, £3,420,000.......
—
2d preference stock, £2,530,000............................
3d preference 4 per cent stock, £7,168,055— 1
Debenture stock, £4,270,575........
I 3,512
Consol, debenture stock (col. trust), cum ...........[
2d equipment M. (subject to 1st M. in tru st). .c J
S e c u r i t i e s o f L in e s C o n s o l i d a t e d w i t h g r a n d
Great W estern perpetual debenture stock ......... c 836%
Northern Ry. 1st M. sterling 5s, £ 8 5 0 ,0 0 0 ... c* 1
3d preference A & B bonds..............................c > 490%
Debenture stock ,4p. c..perpetual, £425,850. )
Grand Tr. Geo. Bay & L. E. IstM ., £310,200.o*<fcr 189%
Midland of Canada IstM ., sectional, £525,000.c \ 455
Consol. Is tM ., £3,164,700...............................c5
W ellington Grey & Bruce 1st M., £532,000.......c 168%
66
Grand Trank West’ n—Northwest Gr. Tr., 1st mort.
330
1st M., $15,000,000, int guar., g., $ (cur.) & £ ,F
2d M., income, g., $1,500,000, red. (t e x t ) ....C o l. 330
—
Great Eastern—1st m ortgage, $3,000,000................
4tt. N o rth ern —Stock, $125,000,000.........................
St. Paul Minn. A Man.—Stock,orig. $20,000,000.
St.P.M. A M .2d(now 1st M .)g.doesn otcov. Tds)e* 624
Dakota Extension 1st M., gold....................Ce.o* 1,221
2,655
°S o o o io o o } <
now l8 t M ‘ onlands>SoM .Ce { 2,655
MontanaExten. Is tM .($25,000p. m.),g.Ce.c*&r 420
Pacific Extension M. £6.000,000, gold Ce..c*<fcr 819
C.B.AQ.c’Ltr.M.g.(su.to call af.Ja.’ 06atl05)G cA :
....
Minn. U n.R R .lstM .,g.,gu .($650,000 are 5s).Ce.o

1897 $1,000
$200,000
5 g.
1882
£ 1 0 0 £22,475,985
1884
5,219,794 4 in 1901
£100
1873-4 £ 1 0 0
3.420.000 See text.
1873-4 £ 1 0 0
2.530.000 4 A pr.’02
£100
7,168,055
1874
£100
4,270,375
5
1874
4
£100
12,515,678
£100
1869
414,300
6
T r u n It R y .
Var.
100
2,723,080
5
1877
611,100
5
1868
15,900
6
1884
347,990
4
1883 £100 &0
187,500
5
£100
1878
458,600
5
1882
£100
1,072,100
5
1874
93,500 Varies.
£100
1880 $500&e.
563,000
6
£100
1900
14.437.000
4 g.
=
1900 $500Ao.
1.500.000
4 g.
=
1,000
1901
5 g.
(?)
$100 123, 852,900 See text
100
C454.600
6
1,000
1879
7.503.000
« S1,000
1880
5.576.000
6 g.
1883
1,000
13.344.000
6 g.
1,000
1883
4Ljg.
20,17-,000
1,000 a 10,185,000
1887
4 g.
1890 £100 Ac b£3,000,000
g'
1901 $1000*1 215,153,000
4 g.
1882 $1,000 i $2,800,000 5 & 6 g.

f

A. A O. Int’l Trust Co., Boston. Oct. 1, 1907
None ever pd.
A. & O. Check from Co.’ s office, A pr.25,’02,2%
A. & O.
do
do
A pr.25,’02,2%
Apr. 25, ’02, 4
May, 1884
J.& J.14
Irredeemable
Irredeemable
Q .- J .
J. & J.
July 1, 1919
F.
J.
A,
F.
F.
M.
J.
J.
J.
J.

&
&
&
&
&
&
&
&
&
&

A.
J.
O.
A.
A.
N.
J.
J.
J.
J.

J. & J.
Q —F.
Q —F.
A. & O.
M. & N.
J. A J.
J. & J.
J. & D.
J. & J.
H
J. & J.

i Glyn, Mills, Currie
i & Co., London.

J

July,’ 91,cp. pd. July,’02
N. Y ., Nat. Bk. of Com.
London or N ew York.
New York.
New York.
N.Y. Office,32 NassanSt.
do
do
New York and London.
N. Y ., 32 Nassau St.
do
do
do
do
do
do
N.Y. & Lon., Baring Bros
New Y ork, etc.
N. Y ., 32 Nassau St.

Irredeem able
July 1, 1902
Irredeem able
Irredeemable
Aug. 1, 1903
M ay 1, 1908
Jan. 1, 1912
Not fixed.
Jan. 1, 1910
July 1, 1950
July 1, 1950
Jan. 1, 1931
Aug. 1, ’02, 1%
Aug. 1, ’0 2 ,1 %
Oct. 1, 1909
Nov. 1, 1910
July 1, 1933
July 1, 1933
June 1, 1937
July 1, 1940
July 1, 1921
July 1, 1922

a $11,502,000 additional pledged for Pac. Extension bonds o f 1890. c Great N or. has acquired all except $454,600 of $20,000,000 stock of
St. P. Minn & Man.
b £3,000,900 additional held by Great Nor.
d Subject to call after April, 1928. HCoupon bonds J. A J.; reg., Q.-J.
On 2d p ref., Apr.. 1900, 3% p. c.,th e 1st div. since April, 1888; 1901,
May. 3 p c ; 1902, Apr., 4 p. c.
E a r n in g s 5 m os.,
Jan, 1 to May 3 1 .|

; 1 9 0 2 .........G r o s s , $ 9 ,4 7 3 ,6 1 6 ; n e t, $ 3 ,2 1 7 ,7 3 0
( 1 9 0 i .......... G ro s s, 9 ,1 8 6 ,0 0 5 ; n e t, 2 ,9 2 7 ,6 8 6

R eport.—Statement for 1901 was in V. 74, p. 880.
Tears ending Dec. 31
1901.
1900.
1899.
Gross earnings....................... .£4,857,599
£4,575,433
£4,407,016
Transportation expenses..... 3,301,765
3,088,077
2,892,994
Net earnings.......................£1,555,833
£1.487,356
£1,514,022
£1,694,213
£ 1,724,367
Total net incom e.............. £1,736,651
146,348
146,349
155,218
R en tals......................................
1,054,512
1,043,542
Interest on b’ ds and deb. stk. 1,072,498
ox 7 97
7Q 1
A dvances to controlled roads
22 501
(4%)208,790 (4%) 208V92
Dividend pn guar, stock ..(4%) 208,791
(5%)170,841 (5%) 170,842
Do on 1st pref. s tock ...(5%) 170,840
Do on 2d pref. stock ..,(4 % )1 0 1 ,136
(3% '75,852 (3^% ) 82,173
Balance................................. sr. £5,667
sur.£2 143
d ef.£494
President, Sir C. Rivers Wilson, London; Second Vice-Pres. and Gen.
Mgr., Chas. M. H a y s .-(V .7 3 ,p .3 9 1 , 1112; V .7 4 ,p . 8 8 0 ; V. 7 5 ,p. 77.)
G ra n d T r u n k W e s t e r n B y .—Owns from Port Huron, Mich., to
Chic. < West. Ind. RR., 330 miles, and trackage Chicago A West. In­
fe
diana, 5 miles; total, 335 miles. Stock, $6,000,000, all owned by Grand
Trunk. A reorganization per plan (V. 69, p. 954; V. 71, p. 28) o f the
Chicago A Grand Trunk Ry., foreclosed Oot. 31, 1900
B onds.—The Grand Trunk absolutely and unconditionally guar­
antees the interest on the new 4s, receiving in consideration the
$6,000,000 new stock. Of the new 1st 4s, $4,500,000 were issued
for double-tracking and other capital purposes and $563,000 reserved
for Northw. Grand Trunk 6s. The new incomes are subject to call
at 85 and any interest then due, wfithin the first ten years.
For year ending Dec. 31, 1901, gross earnings were $4,279,253; net
over taxes, *588,276; other income, $30,278; interest, $148,510;
rentals, $118,5 2; b a l , sur., $51,542. In 1900, gross, $4,298,751; net,
$744,735. (V. 72, p. 1034.)
G reat N o rth ern B y .—fSee Map*.,)—Operates a low-grade trunk
line extending from St. Paul, Minn., across the great wheat belt o f the
Red River Valley and across the State of Montana, tapping its silver
and copper mining district, to the Pacific Coast at Seattle, WAsh.,Port­
land, Ore., Westminster, British Columbia, etc. From Duluth, the head
of navigation on the Great Lakes, the steamers of the Northern Steam,
•hip Co. (whose $1,500,000 stock is owned) run east to Buffalo, N. Y.
Dines leased a.nd operated—
Duluth W atertown & Pacific—
St, P a u l M inn . A M an . R y .,
St. P a u l to L o w e ll, W a s h ...1 ,7 9 0
B ra n ch e s in M in n e s o ta , th e
D a k o ta s an d M o n t a n a ____ 2 ,0 1 3
E a stern B.’, . o f M in n e s o ta —
F o s s to n to Ca.HH L a k e ..........
60
Park R a p A L eech Lake R y .—
P a rk R a p id s to C ass L a k e .
49
O w n ed , u n b o n d e d —
S eattle & M o n ta n a R R ,—
)....
S ea ttle to W e s tm in s te r ........$

W a te r to w n to H u r o n , D a k .
x E a stern R y . o f M in n .—

70

Hinckley to Duluth..........

72

H in c k le y to F r id le y ........
65
N e w D u l. to C a ss L a k e .. 1 4 0
M issis., M ln n .jt o H i b b in g
49
B r o o k P k . to C o o n C reek
J u n e ., e t c ........................
72
M in n e a p o lis O n. R y ., e t c . ..
28
M o n ta n a C e n t r a l G re a t F a lls to B u tte , e t c . . . 261
S p o k a n e F a lls A N o r t h e r n . 2 0 7

T o ta l o p e ra te d d ir e c t ly ..4 ,0 5 5
S tock o w n e d — o p e r . s e p a r a t e l y —
T o ta l r o a d J u ly , 1 9 0 1 ___ 5 ,4 5 1
W illm a r A S iou x F a ll1
*
.
2d arid 3 d tra ck a n d s i d in g s .1 ,0 9 0
W lllrnar to Y a n k to n , 8. I ) . . 205
x A ls o lea sed in 1 9 02 f o r 99
G ftrretson , H. !>,, t o S io u x
y e a rs a t 6 p . e. o n s to c k . -V . 7 4 ,
City,Ta., a n d O ’ N eill, N ob. 228 p. 1 08.
In 1901 G re a t F a lls A, C a n a d a R y ., G r e a t F a ils t o S w e e t G ra ss,
M on t., 134 m iles, w as p u rc h a s e d , and In J u ly , 1902, w a s b e in g sta m laril g au ged. V. 73, p. 6 6 2 , 90 4; V. 7 5 , p . 29. Beo V. 72, p. 1187.
M ontan a -v G re a t N orth ern R y ., see V. 7 2 , p 11 87 , Ah to W ash , A
G t, N orth ern . S e a ttle A N o r th e rn b a V i c t o r i a V a n c o u v e r A E a stern
Ry. A Sur. C o,, etc. see V. 7 3 , p, i 8 4 ,9 0 1 .
St o c k , L e a s e s , E t c , - T h is c o r p o r a t io n In F e b ru a ry , 1890, leased th e
St. Pan) M in n eap olis A M a n ito b a fur 99!) y e a rs, a s su m in g Its fu n ded
debt and g u a ra n teein g 6 p.e. p er an n u m In g o ld on i t s $ 2 0 ,0 0 0 ,0 0 6 sto ck .
In 1M98 $ 1 5 ,0 0 0 ,0 0 0 n ew G re a t N or. p r e fe rr e d , w as s o ld a t jm r to
sh areh olders t.o re tire $ 1 5 ,0 0 0 ,0 0 0 co l. tr. 4s o f 1892, c a lle d fo r re
w w nptlon Hspt. J, 1898, and $ 1 0 ,9 0 0 ,0 0 0 w a s e x c h a n g e d fo r the
$ 1 2 ,nOO,©1 O s to ck o f the Heat tie A M o n ta n a R R . Bee ‘D iv id e n d s ”
In O cto b e r , 1898, the s to ck h o ld e r s s u rre n d e re d th e right to Issue
$ 2 0 ,0 0 9 ,0 0 0 c o m m o n sto ck In a d d itio n to th e $ 5 0 ,0 0 0 ,0 0 0 p r e fe rr e d
th en ou tsta n d in g , and m arie all the s t o c k " o f a "In g le c la s s, w ith uni
fo n t) rig h ts and p r iv ile g e s " A ls o a u th o r iz e d th e p u rch a se o f th e $ 2 0 ,
0 0 0 ,0 0 9 o f g u a ra n teed 0 p e r c e n t sto ck o f the Ht. Raul M in n e a p o lis A
M a n itob a , on the basis o f $ 1 2 5 G rea t N orth ern s to ck f o r each $ 1 9 9
M a n ito b a s to ck , thus In crea sin g the G reat N orth ern sto ck to $ 7 5 ,
OOOJJOO. In 1901 $ 1 5 7 ,7 0 0 o f M a n itob a s to ck w as tin ex eh a n g ed
(V 60, p. 129; V. 6 7 , p. 1356; V, 67. p. 3 7 0 . 7 8 8 . 84 2.)
fn A p ril, I HOD, sold $ 1 5 ,0 0 0 ,0 0 0 p r e fe rr e d to a c q u ir e all the
b on d s, d e b e n tu re s and -to o k o f the S p o k a n e Falls A N or, H y „ Nels on
xL*v*
parrt Ky , C o lu m b ia A Red M tn. Ry. and Red Mt.n. R.y., and
$ 7 ,5 0 0 ,0 0 0 n ow sto ck o f E a st.R y. o f M inn. V . 68, p. 7 7 2 , 822, 1181.
In
19 00 , $ 9 ,0 0 0 ,0 0 0 iulflStion a I s t o c k w ns nol cl at, par to
sto ck h o ld e r s to a cq u ire $ 3 ,5 0 6 ,0 0 0 fu rth e r sto ck o f th e East R y , of

Minn, and $5,500,000 stock o f the Willmar & Sioux Falls R y , issued
for purchase o f Sioux City & Northern and Sioux City & western.
V. 71, p. 655. In 1900 $1,000,000 stock was offered to Em ployes’ In ­
vestment Co., of which $285,000 paid for in July, 1901.—V. 71, p. 654.
In 1901 stockholders subscribed at par to $25,000,000 new stock,
raising total issue to $125,000,000 ($20 per share to be credited on
account for advances to 8t. Paul Minn. & Manitoba R y.), the proceeds
to acquire 500 miles of additional road and control o f Great Northern
Steamship Co. V. 72, p. 580; V. 73, p. 184, 903. See below.
L ands.—Land sales in April, 1897, had retired all the 1st mort. bonds
and were then applicable to consol mort. o f 1883.
Sales for year ending June 3 0,1 90 1 , were 221,532 acres for $1,978,214 and 341 town lots for $10,013. The net amount due on land con ­
tracts June 30, 1901, was $3,194,701; lands unsold, 938,605 acres,
to be reduced about 600.000 acres by a final adjustment with IT. S.
Minneapolis A St. Cloud grant was 476,864 acres; unsold July 1,
1901, 355,380 acres; sales in 1900-01 were 36,021 acres, for $366,207.
D ividends , >’92 t o ’ 96 (in clu s.),’ 9 7 ’ 9 8 ’ 9 9 ’00 ’ 01.
’02.
Gt. No. pf.% s 5 p. c. yearly.
5% 6% 7 7 Below. Inc. Aug., 5%
Also in 1898 50 p. e. in Seattle & Montana stock, which was then
exchanged for 40 p. 0. in Gt. Nor. pf. V. 66, p. 1044, 1188; V. 74, p.
829. In 1901 1% p. c. quarterly (Q.-F.) was paid; also in May % p.
0. extra from surplus earnings o f Lake Superior Co.—V. 72, p. 872.
B onds.—St. P Min. & Man. consol, mort. of 1883 is for $50,000,000. of
which bonds are reserved to pay prior liens. It is a first lien on
the land grant and on 670 miles of railway in Minnesota and a
second lien on the remaining 1,873 miles in Minnesota and the Dako­
tas, the prior liens on which average only $7,300 per mile. V. 64,
p. 518. Montana Extension mortgage is for $25,000,000 for extensions
and for second track. A b s t r a o t V. 45, p. 342.
Pacific extenmon m ort.£6,000,000 provides for bonds at £6,000 per
mile in Montana and £7,000 per mile west of Montana; £3,000,000
o f this issue, in addition to those given in the table above, were released
upon payment of collateral trust bonds Sept. 1, 1898. V. 66, p. 1044,
1188. See a b s t r a c t of mortgage, V. 52, p. 82.
Eastern Railway o f Minnesota.—First mort. covers road, equipment,
terminals and elevators. The Northern Div. $15,000,000 m ortgage
of 1898 provides for extension building from Fosston, Minn.,
to the head of lake navigation at Duluth, aud also for future require­
ments, including the retirement of the $4,700,0001st 5s at maturity.
They are redeemable at 105 on three months’ notice after Apr. 1,1928.
—V. 66, p. 471. Montana Central bonds cover several roads. (See adv.
C i i r o n . Deo. 12, 1891.) The Manitoba guarantees these issues, and
Great Northern assumes guaranty. See form of latter, V. 74, p. 680.
The Willmar & Sioux Falls bonds are endorsed with join t and several
guaranty of the Manitoba and Great Northern companies. Further
issues may be made at $17,500 p. m. for additional road. V. 56, p. 247.
Minneapolis Western first m ortgage is for $1,000,000. V. 60, p, 835,
G e n e r a l F i n a n c e s .—T b e N o r th e r n S e c u r itie s Co. (w h ic h see b e l o w ) ,
fo r m e d in N o v ., 19 01 , to en su re h a r m o n y a m o n g N o r th w e s te r n r a i l ­
r o a d In terests, h a d in J a n ., 1 9 0 2 , a c q u ir e d o v e r $ 9 0 ,0 0 0 0 0 0 o f th e
s t o c k b y g iv in g in e x c h a n g e $ 1 8 0 S e c u r itie s C o. s t o c k p e r $ 1 0 0 sh a re ;
it h ad a c q u ir e d a lso n e a r ly a ll o f th e s t o c k o f th e N o r th e r n P a c if ic .—
(V. 7 3 . p. 10 11 , 1 0 6 2 . 1 1 6 1 , 1 3 5 7 .)
In 1 9 0 1 th e G r e a t N o r th e r n an d N o r th e r n P a c ific a c q u ir e d $ 1 0 7 ,5 7 7 ,2 0 0 o f th e C h ic a g o B u r lin g to n A Q u in c y R R . $ 1 1 1 ,2 0 0 ,0 0 0 s t o c k
In e x c h a n g e fo r th e ir J oin t 2 0 -y e a r 4 p e r c e n t g o ld b o n d s , s e c u r e d
b y tb e d e p o s it o f th e s t o c k in tr u st, o n b a sis o f $2<>o iu b u n d s fo r
I e a ch $ 1 0 0 s t o c k . S ee c ir c u la r , V. 7 2 , p. 8 7 1 ,1 0 3 4 , 1 1 3 5 . a n d a p p lic a ­
tio n to lis t, V . 7 8 , p. 2 9 4 , 9 0 8 . In 1900-01 r e c e iv e d $ 1 ,9 2 0 ,0 0 0 (1 2 p.
(*,.), in 1 * 9 9 -0 0 . $ 1 ,0 0 0 ,0 0 0 (10 p. « .); In 1 8 9 8 -9 , $ 1 ,2 5 0 ,0 0 0 (10 p.
c.) in d iv id e n d s on E a ste rn R y . o f M in n , s to ck ; In 1.900 01 on M on ­
ta n a 1 ’em tra l s t o c k , $ 5 0 0 ,0 0 0 (1 0 )> c .). T o ta l fu n d ed d e b t p e r m ile o f
m ain tra ck (4 ,7 4 0 m iles) In th e h a n d s o f th e p u b lic, $ 2 0 ,3 9 0 . V. 73,
P 9 1 0 . T r a in lo a d 1 9 0 0 -0 1 , 88 1 to n s.
1 E a u n in o s . G r e a t Nort.h’ n sy ste m d u e l. 8t. P. M. A M ., East, o f M in n ,
arid M o n ta n a C en tra l) J u ly 1 to J u n e 3 0 , 1 9 0 2 , 12 m o s ., $3 6,9 (5 3 ,2 1 3 ,
a g a in s t $ 2 9 ,0 5 5 ,8 1 9 In 1900-1.
ANNUA). H er o u t .- F is ca l y e a r e n d s J m io 30. A nmuU m e e tin g is h e ld
a t St. P a u l on th e se c o n d T h u r s d a y In B optem h er.
R e p o r t fo r
1900-1 w a s g iv e n a t le n g th In V. 7 3 , p, 8 9 5 , 9 0 3 . S ee a lso p . 8 7 4 .
(1 ) Ot'ERATIONS CHEAT NOItTllEKN SYSTEM CUOPKH.
1899,
T e a r c u d . J u n e 30.
1901.
1900.
A v. m iles o p e r a t e d .......................
5 ,2 0 2
5 ,0 7 0
4 ,7 8 0
G ro s s e a r n in g s ............................. $ 2 8 ,8 5 0 ,0 9 0
$2H ,<no,7H 9
$ 2 5 ,0 1 7 ,0 0 8
$ 1 1 ,0 2 0 ,5 1 2
N ot e a r n in g s ........- ................... $ 1 1 ,5 3 7 ,6 2 8
$ 1 3 ,0 4 2 ,4 1 4
j
52*38
P. 0 , Of e x p . a n d t a x e s ...........
59*30
54*89
I
(2) OH HAT NORTHKHN INCOME ACCOUNT.
I899,
Y e a r e n d i n g Junit 3 0 .
i9 0 1 .
1 900.
$ 8 ,9 0 2 ,2 2 6
ot, earn s Ht. R. M. A Man ..
$ 8 ,0 2 6 ,8 7 1
$ 9 ,5 3 0 ,7 7 6
1 terest, on b o n d s o w n e d ........
105.017
3 9 6 ,5 4 8
350,4*22
2 ,1 3 4 ,0 2 0
lv td e n d s o n s to r k s o w n e d ...
3 . 12 0 ,5 0 4
2 ,9 5 8 ,8 6 5
re fit on T re e s. s c o u r so ld .
3 3 7 ,5 5 1
0 8 9 ,0 7 0
0 8 ,1 6 2
10 6,31 8
e n ta ls o f lea sed lin e s .............
1 7 2 ,7 5 2
160,705
3 ,0 1 0
Ills r e c e iv a b le .......................
2 ,0 1 4
3 ,7 4 0
I 9 0 ,1 0 2
G e n e ra l le t. A o th e r In co m e ..
2 1 2 ,8 4 5
430,460
T o ta l r e c e i p t s ....................... $ 12 ,2 7 4 ,0 8 8

$ 1 4 ,1 3 0 ,0 0 0

$ 11,6 7 0 ,0 5 0

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MAP OF THE

(WESTERN SECTION)

Ashland

Red.Lodge

YELLOWSTONE

Galena

GREAT NORTHERN RAILWAY

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66

INVESTORS’

SUPPLEMENT

[V ol . L X X V .

RoYtas—Princi­
INTEREST FOR DIVID EN DS.
Miles Date Size, or
A m ount
pal, When Due.
Par
of
of
Outstanding Rate Per When Where Payable, and by Stocks—Last
F or explanation o f colum n headings, <fcc., see notes
Road. Bonds Value.
on first page o f tables.
Cent. Payable
Whom.
Dividend.
RAILROADS.

G r e a t N o r th e r n —( Concluded) —
72 1888
East o f Minn. 1st M .($50,000 p. m .), g.,gu.Ce.c*<fcr
No. Div. rnort., $15,000,000, gold, guar.]Re.c*<fcr 299 1898
Mont. Cen. 1st M .,g .($6,000,000 are 6s)gu.Ce.c<fcr 260 1887
W illm ar& Si’x F ’lls 1st M.,g.,gu.p.<fei,(ena)Ce.c+&r 205 1888
....
....
M inneapolis W estern 1st m ort., gold, guar.......c*
Duluth Superior & West, ca r trusts, assum ed—
Great Nor. By. o f Canada—1st M., g., s.f.,text.C e.c*
177 1900
. . . . 1900
Q uebec Term ’l M., $300,000 auth. (V. 71, p. 698)
Equipm ent bonds, due sem i-annually ................
...
....
....
Green B ay & Western B R —Stock. See t e x t ............
. . . . 1896
Debentures, Class A , incom es, text, non-cum ..c*
1896
Class B, incom es, after stock, n on -cu m .......... c*
—
Greene BR. (N. Y.) —S tock .............................................
8 1872
First m ortga ge..............................................................
75 1893
Gulf Beaum ont &K . C.—IstM .,$10,000 p.m. ,g. A B .e
75 1893
2d m ort., $10,000 per m ile($176,000 are 6s) A B .e
G ulf B. & Gt. N o.,gold. p. & i. gu.,end. A B .t e x t .c Text. 1900
G ulf & Ship Isla n d —1st ref. & terrnT M., g.N..c*<fcr 254 1902
H annibal < St. Joseph—See Chicago B urlington & Quine y.
&
53
H arrtsb. PortsmHh Mt. Joy dt L ane —Stock,7 p. e.gu.
53 1853
1st m ort. (ext’d in 1883), guar.p.&i.Pa. R R .G P .r
H artford & Connecticut Western—Stock.....................
109
....
1st m ortg a g e................ ................................. ............
109 1883
H enderson B ’dge Go.—1st M., g., d’ w n at 105.C e.c*
1881
H ibernia M ine B R .—Stock ..........................................
in
M o c k in g V a lley R y . —Stock, com ., $11,000,000..
Stock, pref., $15,000,000 4 p. c. n o n -c u m ............
....
....
Columbus & H ock in g V alley 1st more., g old .-.c*
76 1867
Col. & Toledo 1st M. (Columbus to W albridge).c*
118 1875
Ohio & West. Va. 1st M. (Logan to Pom eroy)c*..
85 1880
* $16,000 old 58 o f 1896 rem ain outstanding.
Pear ending J u n e 3 0 1901.
Paid rental St. P. M. < M an. $3,687,656
te
Great Northern d ivid en d s... .(7)6,897,369
R enew al, e tc., fu n d s.. . ....... .........................

$
l,00 0& c $4,700,000
5 g.
l,000<fec d 5 ,000,000
4 g.
l,000<fcc 10,000,000 5 & 6 g.
1,000
3,646,000
5 g.
1,000
500,000
5 g.
146,868
1,000
4,040,000
5 g.
60,000
5
350,000
1,000
6
100
2,500,000 4 Feb.’02
1,000
600,000 4 Feb.’ 02
1,000
7,000,000
100
200,000
6
500
200,000
7
500
749,500
6 g.
500
750,000 5 & 6 g.
1,000
434,000
5 g.
1.000&C *3,471,000
5 g.
50
500 &c.
100
1,000
1,100
100
100
100
500 <fcc
1,000
1,000

1900.
1899
$3,709,548
$4,137,824
(7)6,408,778(6% )3,851,034
1,800,000
1,800,000

B alan ce.................................... s r .$ l ,6 8 9 ,0 6 3 s r .$ 2 ,2 1 7 ,7 6 4 s r . $ l , 7 8 7 , 1 9 2
(3) OPERATIONS OF WHOLE SYSTEM.

Year end. June 3 0 ,’0 1 .
Gross.
Net.
Oth. inc.
G reat Northern R y ..$ 2 0 ,8 8 1 ,0 5 1 $ * ,0 2 6 ,8 7 1 $ 1 ,1 5 5 ,5 9 1
E astern R y. o f Minn.
3 ,7 3 5 ,0 2 0
2 ,0 4 0 ,7 6 2
3 9 0 ,4 5 8
M ontana Central R y .
2 ,1 9 6 ,5 5 0
9 8 2 ,4 0 1
2 8 ,2 8 0
Will. & Sioux Falls R y
1 ,4 8 1 ,5 8 7
4 8 0 ,9 1 1
8 .4 9 0
Dul. Water. & Pac. R y
5 6 ,4 8 1
6 ,6 8 0
208

Tot.net inc.
$ 9 ,1 8 2 ,4 6 2
2 ,4 3 1 ,2 2 0
1 ,0 1 0 ,6 8 1
4 8 9 ,4 0 2
6 ,8 8 8

Tot. Ry. sys. proper$28,350,689 $11,537,626 $1,5*3,027 $13,120,653
$382,732
Spok. Falls & Nor.Sys. $855,900
$309,794
$27,062
M inneapolis U n ion .,..
227,002
9 ,6 7 3
171,756
181,430
24,024
24,011
57,214
13
M inneapolis W estern.
13,500
13,500
Duluth T erm inal.......
39,471
N orthern Steamship. 1,034,110
238,279
238,279
Tot. fo r the system .$30,564,387 $12,267,905 $1,619,775 $ 13,887,680
F rom this last result ($13,887,680) w ere payable the total in terest
charge o f all the com panies, and the guaranteed dividends on St. Paul
M inneapolis & M anitoba stock, a total o f $5,051,456, leavin g a b alan ce
o f $8,836,224, from w hich have been paid dividends o f $6,897,370 on
the stock o f the Great Northern R y. C o.,balance. $1,938,854.
O f f i c e r s .— President, James J. Hill, St. Paul; 1st Vice-President,
Jam es N. Hill, St. Paul; 2d Vice-Pres., R. I Farrington; 3d V ice-P resi­
dent and Sec y, E. T. N ichols, New Y ork; 4th Vice-Pres., J. W B laboa;
T reas’r and Asst. Sec’ y, E. Sawyer, St. Paul; N. Y . office, 32 Nassau St.
D irectors.—.T J. H ill, Frederick W eyerhauser. S. H ill, E. Sawyer, M. D.
G rover, R. I. F arrinston. St. Paul; H . W . Cannon, N ew Y or*; J .N. H ill, St.Paul.

— V. 74, p. 94, 267, 629, 680, 829, 883, 1251, 1308; V. 75, p. 29.

G re a t N o r th e r n R y . o t C a n a d a .—(S ee M a p .)—Operates main
lin e betw een R iv-a-Pierre, on line o f Quebec & Lake St. John’ s R y.,
and H aw kesbury, on the Canada-Atlantic R y., 172 miles, with both
o f w hich roads it has tw enty-year con tracts for interchange o f traffic
o n a m ileage basis; also a branch to Shawinigan, faniles; all co m ­
pleted Dec. 3 1 ,1 9 0 0 . A branch from Joliette to M ontreal, 36 miles,
under the charter o f the Chateauguay & N orthern R y., w ill b e leased
w hen com pleted. In Dec., 1901, con tract fo r an exten sion o f main
lane from Garneau Jet. to Ft. Catherine. 63 miles, was let. H as 5-year
con tract with Leyland line, expirin g 1905, in con n ection w ith which
and Canada A tlan tic R y. it form s a through line from Chicago and
D uluth to Liverpool and London, England, 800 miles shorter than via
Buffalo. Owns its own elevator at Quebec, car and repair shops at
Quebec and other places. V. 71, p. 1220. First fiscal year ended Dec.
1 ,1 9 0 1 .
E arly in 1902 am algam ation with other Canadian roads was under
consideration, b u t plan finally dropped. V. 74, p. 936, 987.
S t o c k a n d B o n d s .— Stock authorized, com m on, $4,550,000; d e b e n ­
ture stook, $3,000,000; preferred stock, $450,000. Issued A pr. I
1901, $3,000,000 com m on stock. Of the $6,000,000 first m ortgage 5s,
series A , issuable at $20,000 per mile o f com pleted road, $3,540,000
are outstanding, and also $500,000, series B, issued on a ccou n t o f
bridge across the Ottawa R iver a t H awkesbury. The stockholders
voted on July 17, 1901, to issue equipm ent bonds; also to authorize e x ­
tensions from Grand Mere or Garneau Jet. to a p oin t on the Lake St.
John R y .,in Portneuf or Quebec County, »nd from H aw kesbury to South
Indian, and bonds on these extensions at $20,000 per mile.—V. 73, p.
32. Earnings from May 1 to Oct. 31,1 90 1 , first 6 months o f actual
operation, gross, $249,327; net, $104,583.
President, Pierre Garneau, Quebec; 1st Vice-Prest., James McNaught,
N ew Y ork ; 2d Vice-Pres., H. H. Melville, B oston; 3d Vice-Pros., V ictor
Chateau vert. Quebec; Gen. Mgr., J. G. Scott, Quebec; Seo., Louis G.
Scott, Quebec; Treas., Ernest E. Ling, Quebec.—(V. 75, p. 29.)
G re e n B a y Sc W e s t e r n B R , - R oad ow ned from Green Bay, Wis.
to M arshland, Wis., 209 miles; branches, 13 in.; trackage to Winona, 4 m
H i s t o r y .— A reorganization June 5 ,1 8 9 6 (per plan in V. 61, p. 471),
o f the Green Bay W inona & St. Paul, sold in foreclosu re May 1 2 ,1 8 9 6 .
S e c u r i t i e s .— There are no fixed charges on the p rop erty otherthan
ta xes, n or can any be placed thereon, o f the property be sold or leased
w ithout consent o f 75 per cen t of stock. Class A debentures are en­
titled to 2 ha per cen t interest, if earned, then com m on stock to 2 hi p.c.,
then the tw o share ra ta b ly ; but after 5 per cent has been paid on both,
cla ss B bonds are entitled to all surplus earnings. See V. 61, p. 471.
D iv id e n d s —
>1898.
1899.
1900.
1901.
1902.
Class “ A ” deb., p. c .............> 2hi
2ha
2ha
3
4
1^
2hs
3
4
Stock, p. c ............................ ) _______
R eport for year ending Dec. 31, 1901, in V. 74, p. 676, showed: Gross
warnings, $527,312; net, $132,355; div. (4 p .c .) on “ A " debentures,
$24,000; on com m on stock (4 p. c.), $100,000; bal., sur., $3,355.
E a r n s . —Passen’r. Freight.
Gross.
Net.
Charges. Bal.,8ur.
1 9 0 0 -1 ...$ 1 2 2 ,9 3 9 $358,653 $481,692 $125,414 $32,958 $92,456
1699-0— 121,270
362,836
484,106
102,503
26,808
75,695
From balance in 1900-1 was paid on com m on stock, 3%, $75,000;
in 1899 0, 2hi%, $62,500.

1,182,550 7*2 in ’ 02
700,000
4
2
2,709,800
700,000
5
1,597,000
6 g.
200,000
6
10,421,600 3 in 1902
14,000.000 4 in 1902
1,401,000
4 g.
7
2,500,000
1,584,000
7

A.
A.
J.
J.
J.

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&
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O. N .Y.32N as.; Bos., Lee, H
O.
do
do
J. N. Y ., 32 Nassau 8t.
D.
do
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J. & J.
J. & J.
Feb.
Feb.
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J.
F.
F.
J.
J.

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&
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D.
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A.
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Apr. 1, 1908
1928-1948.
July 1, 1937
June 1, 1938
July 1, 1911
To Feo. 1,1906
N. Y. Central Trust Co. Jan. 1, 1950
Montreal, Can.
1950.
N .Y , Central Trust Co.
To 1905
N. Y. of., 40 Wall.
Feb. 1, ’0 2,4 %
do
do
Feb. 1, ’0 2,4 %
do
do
D.L. &W. off. 26 E xch. PL Jun e,1902, 3%
do
do
Dec. 1, 1902
N . Y , 59 Cedar St.
Aug. 1, 1913
do
do
Aug. 1, 1913
do
do
July 1, 1930
N. Y Fisk & Robinson Feb. 1, 1952
r.,

J. & J. Phila., Company’s Office J u ly lO ,’02,4%
J. & J.
do
do
July 1, 1913
F& A .31
Hartford.
Feb. 28,’ 02,1%
J. & J.
do
July 1, 1903
M. & S. N. Y ., 120 Broadw ay. Sept. 1, 1931
A. < 0 .
fc
See Central o f N. J. A p r.10,’0 2,3 %
J. & J. N.Y., J.P. M organ & Co Ju’ y l9 , 02, I**
J. & J.
do
do
Ju’y l 9 ,’02, 2%
A. & O
do
do
Oct. 1, 1948
do
do
F. & A.
Aug. 1, 1905
M. & N.
do
do
May 1, 1910

D i r e c t o r s .— 8. S. Palm er,P res.; Mark T. Cox, Sec. and Treas., 40 Wall
St., N. Y .; C .L ed yard B lair, J. A. Jordan, W. J. H unt.—(V. 74, p.’6 7 6 .)
G ree n e R R . - Owns road from Chenango Forks to Greene, N. Y
3 miles. Leased to D elaw are Lack. W. fo r term o f charter for 6 per cent
on stock and interest on bonds. Capital stock, $200,000; par, $100.
G u a y a q u il & Q u it o R y . —V . 72, p. 1187, 1279; V. 74, p. 1196,
1355.
G u l f B e a u m o n t & K a n s a s C ity R y . —B eaum ont, T ex., to Rozansville, Tex., and branches, 75 miles. G ulf Beaum ont & Great
Northern, o f which R ogansville to San Augustine, 60 miles, under co n ­
struction, 31 m iles being com pleted Ju ly, 1902. Stock, $500,000
par $100; in July, 1900, the Atch. Top. & S. Fe acquired a m ajority
—V. 71, p. 236. Car trusts June 3 0 ,1 9 0 1, $119,687. Y ear end. June
3 0 ,1 9 0 1 , gross, $280,049; net, $53,847; int. on bonds, $82,302; m is­
cellaneous interest, $5,337..—(V. 71, p. 236.)
G u l f Sc I n te r -S t a t e R a i l w a y o f T e x a s .—P ort B olivar, on
Galveston Bay, to Beaum ont, Texas, 70 miles, was owned, o f w hich 27
miles from P o rt B olivar to H igh Island w as wash© i aw ay b y flood in
Sept., 1900, but in Oct., 1901, it was reported, was abou t to be rebuilt.
Im provem ent & Loan Co., G alveston, is trustee under first m ortgage,
which secures $829,000 5s o f 1895 in default. Capital stock, $71,000. Y ear ending June 30, 1900, gross, $152,342; net, $ 7,2 00 .—V.
70, p. 1249; V. 71, p. 182, 698. In Sept., 1900, receiver w as appointed;
Jos. P. O’ Donnell is now receiver. In June, 1902, $5,000 receiver's
certificates w ere authorized fo r repairs. V. 74, p. 1308. In A pril,
1902, Tohn H. B roocks. o f Beaumont, Tex., purchased control and p ro ­
posed. if possible, to reorganize the road without foreclosure —V. 72,
p. 1237; V. 74, p. 728, 1308.
G u l f Sc S h ip I s la n d R R . —(See M a p .) —Owns from G ulfport on
Mississippi Sound, G ulf o f M exico,to Jackson, Miss., 160 m iles; branch
to H andsboro, 4 miles; branches, M axie to Columbia, 48 miles, and
Saratoga to Laurel. 42 miles; total, 254 miles. The road was extended
as above in 1899 and 1900, tbe entire line bein g operated from Sept.,
1900 V. 69. p. 1011. Laid with 60 and 65 pound steel rails, fo r form er
o f which 75-lb. rails are to be substituted. Im portant harbor im prove­
ments are being con structed at G ulfport, including an extensive
system o f docks, piers, etc.; also a channel 6 m iles lon g exten d in g to
deep water. Charter is perpetual.
S t o c k . - Capital stock, $5,000,000 (par of shares, $100) all outstand­
ing and deposited with N. Y. Sec. & Trust Co. uuder a voting trust.
B o n d s .—O f the new 1 s t 5s ($5,000,000 authorized), $2,750,000 were
used to refund the old bonds (only $16,000 o f tne latter being now out­
standing), the rem ainder being issuable as follow s: $750,000 to com ­
plete the term inals a t G ulfport. $500,000 fo r new equipm ent and $1,000,000 fo r 75-lb. rails and other im provem ents to roadbed and struct­
ures. A sinking fund o f one per cen t yearly accruing from Jan. 2 ,
1905, m ay purchase bonds at not exceed in g 110, but the latter cannot
be drawn. See V. 74, p. 426, and application to list, V. 74, p. 1257.
L a t e s t E a r n ’ s -1 0 mos., ) 1 9 0 1 -2 ..Gross, $1,132,250; net, $351,949
Ju ly 1 to A pr. 30.
5 1 9 0 o -l Gross,
834,454; net, 190,434
R e p o r t .— Y ear ending June 30, 1901 (250 average m iles), g r o s 3,
$1,035,429; net, $232,674. In 189J-00 (154 average m iles), gross,
$456,139; net, $99,819. B alance sheet, O ct 31, 1 9 d . —V. 74, p. 425.
Pres., J. T. Jones, Buffalo, N. Y .- ( V . 74, p. 373, 4 2 5 , 426, 1251, 1 2 5 7 )
H a n c o c k Sc C a lu m e t R R , —See M ineral R ange R R .
H a n n i b a l Sc St, J o s e p h R R , —In 1900 m erged in C. B. < Q,
fc
H a r r l m a n & N o r th 'a s te r n R y . —Harriman to Petros, Tenn.,
22 miles. Bonds, $300,000, 20 year gold 6 s, dated Dec. 13, 1895; Cen­
tral Trust Co., N. Y ., trustee. Y ear to June 30, I9 60 , gross, $72,495;
net, $36,724; charges, $37,000; bal., def.. $276. Pres.. Bird M. R obin­
son,N. Y. Office, 253 Broadw ay, N .Y .- (V. 72, p. 988.)
H a rrisb u rg : P o r t s m o u t h M t . J o y Sc L a n c a s te r R R . —Owns
from Dillerville, Pa., to Harrisburg, Pa., 35 m iles; branch, M iddletown,
Pa., to Columbia, Pa., 18 m iles; total operated, 53 miles. Leased to the
Pennsylvania RR. Co. for 999 years from January 1, 1861, the rental
being 7 per cent on the stock and interest on the bonds, taxes and ex­
| penses o f organization. In July, 1902, ^ per cen t extra was paid.
Stock, $1,182,550; par $ 50 .—V. 75, p. 29.
H a r t f o r d Sc C o n n e c t i c u t W e s t e r n R y . —Owns from H artford
Conn., to Rhinecliff, N. Y., 109 miles. Leased till August, 1940, to the
Central New England Ry., the rental paying charges and 2 per cent per
annum on the stock. Of the stock $1,390,100 is ow n ed by lessee.
H a w k i n s v l l l e Sc F l o r i d a S o u th e r n R y . —V 74, p. 775.
H e n d e r s o n B r i d g e C o .—Owns bridge across Ohio R. at H ender­
son, K y .f and 10 miles o f road. Stock is $1,000,000 (par, $100), of
which the Louisville & Nashville Co. holds about $830,000, a part being
in tli^ B ridge Co. treasury(V .73, p. 960). The Bridge Co. Is guaranteed
gross receipts of $ 200,000 per year by the several roads using it and
dividends o f 2 ^ p. c. w ere paid each F. < A. to Feb., 1991. The
fc
A ug., 1901, dividend was passed.—V. 73, p. 391. See official circular.]
V. 73, p. 444. Protective measures V. 73, p. 723. $403,000 bonde
in sinking fund in Oct., 1900. F or year 1900-1, gross, $257,175; net,
$200,790; charges, $128,000; dividends, $25,000. (V. 73, p. 723,960.;
H ib e r n ia M in e R R . —Owns from R ookaw ay, N. J., to Hibernii
Mines, N. J., 41* m. Leased to Cent; o f N. J. in 1890 fo r $ 1 2 ,0 0 0 per an
H o c k i n g V a lle y R a i l w a y —(Nee M a p .) —This com pa n y owns
main line from Pom eroy, O., to Walbridge, O., 250 miles, with track

N
9

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68

US VESTO B8’

SUPPLEMENT,

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Forest

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Belleville

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7

«

DfYESTORS’

SUPPLEMENT.

[VeL. L X X V ,

Bonds—Princi­
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal, Wlien Due.
Amount Rate per When
of
Par
For explanation of column headings, &©., see note© of
Where Payable, and by Sloeks—Last
Road. Bonds Value. Outstanding Cent. Payable
on first page o f tables.
Whom.
Dividend.
RAILROADS.

4ieg. J. & J. N. Y., J.P.M organ & Co. July 1, 1999
S ock Val.—(Oon.)—1st con. M., $20,000,000, g-C e 346 1899 Si.ooo &c $11,237,000
1901
1,000
....
2,750,000
K.&H .C.&C.lstM .,g ,$3.500,000,d o.re d .llO a f’ l l
July 1, 1951
5 g- J. & J.
1,000
1894
....
450,000
Car trust bonds and scrip, s. f., red. at par, g ... A
Q .-J . N. Y., Atlantic Trust Co. Apr. 1, 1904
6 g.
Various
. . . . 1900-1 Various
1,654,830
5
Equip, notes, payable monthly........... .......... .......
Various.
To July, 1908
1,000
....
1902
1,600,000
Car trusts, gold, $80,000 sem i-annually.S........
41
eg. M. & N.
N ov.’02-My’ 12
100
....
....
250,000 2 in 1901 Dee. 31.
Hoosac Tunnel < Wilmington—Stock.........................
6
Holyoke, Mass.
Dec.31,’01,2%
1,000
250,000
25 1892
1st m ortgage, $250,000, g o ld .O B .
5 g. M. & S Boat.,Old Colony Tr.Co. Sept. 1, 1922
1,000
192 1893
2,199,000
Houst. E. & W. Texas— gu. p. & 1. by So. P. tin.. o'
5 g. M. & N. N. Y., 120 Broadway. May 1, 1933
192 1893
1,000
501,000
1st mortgage, gold. . not guaranteed.
do
do
May 1, 1933
5 g. M. & N.
75 1870
See text.
6
Houst.<6 Tex. O.RR.—State of Tex. pr. lien 1st 75 m.
1,001
5,960,000
1st M .l.gr.g.red.llO.lnt.gu. $2,104,000 pd.Cec*&r 453 1890
5 g. J. & J. N. Y., Central Trust Co. July 1, 1937
1,000
453 1890
2,911,000
do
do
Con. M., 1. g., g., red. at 110, int. guar. F.c*<fcr...
6 g. A. & O.
Oct. 1, 1912
1,000
4,287,000
Gen. M .,gold,int.guar..end.,$8,000 paid. OTpc,'<fcr 453 1890
do
do
Apr. 1, 1921
4 g- A. & O.
1.000
58 1900
1,105,Of 0
6 g. M. & N. N. Y., Cent. Trust Co. May 1, 1930
W aco & N.W.Div., 1st M.,g.,$25,000 p.m.Ce.c*&r
1,000
1,920,000
5 g. J. & J.
Austin & Northwest., 1st mort. g.,gu.p & i.A c*<fcr 103 1891
do
do
July 1, 1941
1,000
41 1895
709.000
6
J. & J.
Ft. Worth & New Orl., 1st M. (Wax. to Ft. W.)..
Deo. 3 1,1925
...............
1,000
12 1881
A. & 0.
180,000
6
C.Tex.& N.W., 1st M.. gu. S. Pao. (Gar. to W ax.)F
Oct. 1, 1911
50
1 in 1897
64
1,371,750
Huntingdon < Broad, Fop—Common stock .......
&
Phil. Of. ,4th&W alnutSt. Feb. 8 ,’ 97, 1%
....
50
64
2,000,000 6 in 1 9 (2 J. & J.
do
do
July 24,’02,3 is
Preferred stock, 7 per cent, non-eumulative.
64 1854
500
416,000
do
do
Sept. 30,1920
1st M., extended in 1890 (int. only in g o ld )..G P
4 g- A. & O.
500
64 1857
F. & A.
367,500
do
do
Feb. 1, 1925
4 g2d M., old 7s, extended in 1895, p. & i., g .) ...G P
1,000
64 1865
1,497,000
do
do
5 g. A. & O.
Moh. 31.1925
3d mortgage, consol., ext. in gold in 1895.G P.o*
___
1,000
1896
5
A. & O Phila. .Merehants’Trust O ct.l,’02-1906
340,000
Consol, car trust, $68,000 due Oct. 1 yearly—
...
1,000
4
J. & D. Penn. Co. for Ins., <fec. To Dee. 1, ’ l l
1899
292,000
14th ser. car trust, $29,000 yearly Dec. l . P e P . .
5
F. & A. N.Y.,So.Pac.Co. 120 B’y
322,000
16 1893
Aug 1943
Iberia & Vermilion—1st m ortgage...........................
....
100 79,200,000 6 in 1902 M. & S. N. Y ., 214 B’way & Lon. Aug.S0,’ C2,3%
I l li n o i s C en tral—Stock, $95,040,000...................
__
100
4
J. & J. N. Y ., 214 B’way & Lon. July, 1902, 2%
10,000,000
Leased line 4 per cent stock, guar, (see remarks.) __„
*2 00
2,500,000
1875
London.
Apr. 1, 1951
old 6s ext. in 1895'
< g- A. & O.
1
1st mort. of Sterling bds. £ 10,000dr’nyrl.o*
1874
£200
3,150,000
5 g. A. & O. London,Morton,C.& Co. Apr. 1, 1903
03,
1 8 7 4 f o r Sterl. of ’bonds, due 1905..........
£200
do
do
1,000,000
Deo. 1, 1905
5 g. J. & D.
7Uos 1875
$15,000,000 Sterling
1,000
1,500,000
1886
4 g- J. & J. New York, 214 B’dway. Jan. 1, 1951
1886, due 1951, gold---- c*
secures all 4s o fof 1886, due 1951, g old..c*
1,000
2.499,000
3 ^ g. J. & J.
do
do
Jan. 1, 1951
1886
equally. U s 3^8 f 1895, due 1951, gold.e*&r
London.
£200
£500,000
3 g. M. & S.
1895
Mar. 1, 1951
3s o
H o c k in g V a l l e y R a i l w a y . —(C o n c l u d e d ).
age (Penn. RR. System) Walbridge to Toledo, 6 m iles; branches to
Athens, Nelsonville, etc., 73 miles; leases W ellston & Jackson Belt
Ry., Junction to Jackson, 18 miles; total, 347 m.; 2d track, 25 m.
H is t o r y , &c.—Successor on Feb. 25,1899, per plan in V. 68, p. 231,
to the Columbus Hock. Valley & Toledo Ry., sold under foreclosure
Feb. 24, 1899. V. 6 8 , p. 231, 3 7 9 . The coal lands, from which the bulk
of the com pany’ s business is derived, aggregate about 20,975 acres, and
are covered by the new consol, mortgage. In Dec., 1899, acquired
oontrol o f the Toledo & Ohio Central Ry., but that road is operated
separately. See Sto c k below.
Stock .—There was reserved $5,000,000 each o f preferred and com ­
mon stock to acquire Interests in the Toledo & Ohio Central Ry.
and Col. Sand. & H. railways, if practicable or desirable. In Dec.,
1899, o f this reserved stock $4,421,600 common and $4,000,000 pre­
ferred stock was set aside to acquire the entire issue o f $8,421,000
Middle States Construction Co. collateral 3s, which are secured by
deposit o f almost the entire capital stock o f the Tol. & Ohio Cent. Ry.;
$1,219,100 of the said $4,000,000 preferred was set s side for T. & O. C.
car trusts, improvements, etc., and in Oct., 1900, $500,000 thereof was
issued, and balance in June, 1901. In June, 1901, all except $54,100
Tol. &Ohio Central common and $11,600 preferred stock had been ac­
quired. See V. 69, p. 1345. Rights of pref. stock are;
Preferred stock is to be prelerred both as to dividends and assets in case

of liquidation and subject to the statutory right of the company to redeem the

same at par. A fter 4 per cent on both common and preferred shall have been
paid for any fiscal year, further dividends for such year shall be for the equal
benefit of both stocks.
D i v i d e n d s .— O d p r e f., 1 9 0 0 , l 3 p. c ., Jan.; July, 2; 1 9 0 1 and 1 9 0 2 , 4
©
p. c. each (paid J. & J .). On c o m . July, 1 9 0 1 , 1 ^ p. c.; 1 9 0 2 ,3 p. o.
(paid J. & J.)
B o n d s .— The consols ($20,000,000 authorized) besides a lien on the
entire property, subject only to $6,274,000 prior bonds, have a first
lien on all the coal lands (from which the bulk o f the business is de­
rived), estimated at 20,974 acres; $6,274,000 consols are reserved to
retire the existing bonds (these existing bonds, however, may be e x ­
tended at maturity) and $5,645,000 (estimated) for the acquisition of
new property and betterments, o f which $3 230,000 sold in 1899-1902.
V. 72, p. 338; V. 74, p. 1038. Substantially all of the bonds and stock
o f the Ohio Land & Ry. Co. and the W ellston & Jackson Belt Ry., 18
miles, are deposited under said mortgage. Description of bonds in V.
68, p.823. Guarantees Kanawha & H ocking Coal & Coke Co. bonds.
(See V. 7 4 , p. 2 7 1 .) The $1,600,000 car trusts of 1902 cover 3,020
forty-ton gondola cars. V. 7 4 , p. 1196.
G e n e r a l F in a n c e s .—The annual fixed charges before the reor­
ganization were about $1,200,000,
L atest E arnings .—For i 1 months ending May 31:

] 1 m os .— G ross
iVet.
Oth. in c.
C h a rg es.
B a la n ce.
1 9 0 1 -2 ....... $ 4 ,7 ^ 2 1 2 0
$ 1 ,8 4 6 ,9 1 0 $ 3 5 9 ,7 8 7 $ 8 6 7 ,0 5 2
$ 1 ,3 3 9 ,6 4 5
1 9 0 0 -1 ....... 4 ,2 1 7 ,4 3 4
1 ,6 9 6 ,6 2 5
3 4 8 ,0 0 4
8 6 5 ,5 3 3
1 ,1 7 9 ,0 9 6
A n n u a l R e p o r t .— Tra ffic is m o s tly fr e ig h t, a n d 62 p e r c e n t o f th is is
b itu m in o u s c o a l. A v e r a g e tra in lo a d is la r g e —in 1 9 0 1 , 6 4 5 to n s .

R eport for year ending June 30, 1901, was given at length in V.
73, p. 659, 675; see also editorial, p. 635.
1900-01.
1899-00.
1898-99.
Gross earnings......................... $ 4 ,6 5 3 ,2 5 8
$4,417,267
$2,874,035
Operating expenses and taxes 2,785,286
2,641,207
1,959,520
Net earnings from oper’n ..$1,867,972
Other incom e..............................
474,084
Total available in com e__ $2,342,056
Fixed charges........................... . $987,879
Dividends on p ieferred .......... (4)560,000
Dividends on com m on........ (1!2)156,324
Balance, year’ s surplus...

$637,853

$1,776,060
295,388

$914,515
24,223

$2,071,448
$938,738
$902,900
$149,175
(3!s)430,000
.................
.............................................
$738,548

$789,563

O f f i c e r s .— President, N. Monsarrat, Columbus; Sec. aDd Treas , W.

N. Cott, Columbus; Ass’t. Sec. and Treas.. A H. Gibard, New Yor k.

D i r e c t o r s —Charles B. Alexander, Robert Bacon,'R. M. Gallaway, Thomas F
Ryan and Charles Steele, New York; Myron T. Herrick, Ralph W . H lck ox and
James H . H oyt, Cleveland; P. W . Huntington, Charles G. H iekox, N. Mon­
sarrat W. F. Goodspeed and R. S. Warner, Columbus. O.

—(V. 73, p. 957, 1112, 135fc; V. 74, p. 94, 267, 936, 1038, 1089, 1196;
V. 75, p. 77.
H o o s a c T u n n e l & W U m ln g to n R R . —N a r r o w G a u g e .—
Owns road from H oosac Tunnel, Mass., to Wilmington, V t , 25 miles.
Bills payable June 30, 1900, $5,000. Earnings for year 1900 01,
gross, $60,912; net, $22,671; charges, $13,174; dividends (2 p. o.l,
$5,000. Divs. in 1896, 1 p. o.: in 1897 to 1901, inclusive, 2 p. o. yearly.
H o t S p rin g * R R . —Purchased in May, 1902, by the Choclaw
Oklahoma & Gulf RR.
H o u s t o n B eat rnont Sc N ew O r le a n s R y . —V. 74, p. 1028.
H o u s t o n F a s t Sc W e s t T e x a s R y .—Owns from Houston, Texas,
to Sabine River at Logansport, 191 miles, where it connects with the
Houston & Shreveport RR., Logansport to Shreveport, 39 miles. Re­
organized in 1896 without foreclosure. Bond issue limited to $3,000,000. Stock $1,920,000, of which $1,905,000 is owned by So. Pao. Co.
V. 72, p. 287. In July, 1900, the South. Pacific Co. had guaranteed
$2,199,000 of the bonds, principal and interest, by indorsement, re­

serving the right to redeem the bonds at 105 and interest at any time
on six months’ notice; guaranty, V. 70, p. 841; see also V. 71, p. 236.
For year 1900-01, gross, $847,113; net, $245,481; oharges, $183,669;
bal., sur., $61,810. V. 71, p. 236.
H o u s t o n & T e x a s C en tral Railroad.—("See Map o f Southern
Pacific)—Owns from Houston, Texas, to Denison, Texas, 338 miles,
Hempstead, Tex., to Llano, Texas, via Austin, 214 m iles; Brem ond to
Ross. Tex., 55 miles (form er W aco & Northwestern acquired July 1;
1898); Garrett to Fort W orth, 53 m iles; other branches, 20 m iles,
total owned, 670 miles.
H i s t o r y .—Successor April 11, 1893, to a railway com pany fo re ­
closed 8ept. 8 ,18 88 . Reorganization plan V. 45, p. 792, 820. On Aug.
22,1901, various controlled lineswere merged, including the Austin Sc
Northwestern to be extended from Burnett to Lampasas 50 miles,
within tw o years. V.72, p. 480, 821; V. 73, p. 137, 494. In Mar., 1902,
suit was brought to reopen the old foreclosure suits.- Y. 74, p. 680.
B onds .—The bonds are being gradually reduced with proceeds of
land sales. The first mortgage was for $8,634,000, of which $570,000
reserved against claim o f State o f Texas upon 75 miles of the road.
The Southern Paciflo Co. guarantees interest on all the bonds. There
are $57,000 debentures o f 1897 due Oct. 1 ,19 02 . The first mortgage
bonds and the consolidated mortgage bonds may be called for redemp­
tion at 110 with proceeds o f land sales. See full abstracts o f all the
mortgages in Y. 52, p. 242. Of the$5,068,000oonsolidated 6s authorized
$1,149,000 (not inoluded in the amount outstanding above) are held as
part security for the general 4s. Stock, $10,000,000, of which the So.
Pacific Co. owns $9,596,000; par, $100. As to school fund olaim for
$673,100, see V. 64, p. 1137; V. 66, p. 471; V. 70, p. 686.
L a n d s .—The lands June 3 0,1 90 0 , consisted for first m ortgage o f
1,940,596 acres; consol, m ortgage, 1,345,110 acres; general m ort­
gage, 11,289 acres. Deferred payments were: For 1st mort., $231,790;
consol, mortgage, $218,648; general m ort., $4,705. V. 65, p. 869.
L atest E a r n s .— l l m o s . , ) 1901-2...G ross, $4,812,082; net, $1,512,:21
July 1 to May 31.
5 1 9 0 0 -1 ...Gross, 5,316,590; net, 2,042,941
Fiscal year changed to end June 30. Report fo r 1899-00 In V. 72, p.
671. In 1900-01, gross, $4,9^8,392; net, $2,004,821; total charges,
$1,028,258; balance, surplus, $976,563. In 1899-1900, gross, $3,886,617; net, $1,094,i 8 3 .- ( V . 73, p. 957; V. 74, p. 267, 680, 936 )
H u d s o n T u n n e l R y .—See New York & Jersey RR.
H u n tin g d o n Sc R r o a d T o p J it. R R . & C oal C o .—Owns front
Huntingdon, Pa., to Mount Dallas, Pa., 45 miles; branches, 19 miles.
D r v .- ’90. ’ 91. ’ 92. ’ 93. ’ 94. ’ 95. ’96. ’ 97. ’98. ’99 ’ 00. 1901. 1902.
On com. 0
2
4
5
5 41 4
a
1
0
0
0
0
........ .
On pref. 5 ^ 7
7
7 7
7 7
6
5 5 ^ 7
5
6
A n n u a l R e p o r t .— R eport fo rl9 0 1 was given In V. 74. p. 723.
Gross.
Net.
Interest. Divid’ nds.
Balance.
1901............ $754,633 8324,964 $106,190
$100,000 sur $117,77?
1900............. 643,904 247.442
106.190
140,000
sur. 1,25:
- ( V . 72, p. 282, 1 1 8 4 ; V. 74, p. 477, 7 2 3 ; V. 75, p. 1S4 )
H u t c h in s o n Sc S o u t h . R y .—See Atch. T. & S.F.,and V. 71, p. 607
I b e r i a Sc V e r m i l i o n R R . —Salt Mine Jet. to A bbeville, La., H
miles. Stock, $300,000, o f which $298,500 owned by Morgan’ s Louie
iana & Texas KR. & Steamship Co.!(So. Pac. system). Year 1900-01
gross, $44,830; net, $23,610;int., taxes, etc., $19,527; bal., sur., $4,08J
Illin o is C e n t r a l R R . —(Sec Map.)—R oad.—Operates from Chloagc
111., southerly to New Orleans, La., 912 miles, and westerly to Siou
City, la., 509 miles, with numerous branches. Its road, clearly show
on the accom panying map, is made up as fo llo w s: (11which see.)
Mile
Miles.
Road owned in fee.
Evansv. Line (Ohio Val. R R . 13
Chicago to Cairo, 111.
Main )
Centralia, 111., to East stem, f 706 Mem., Ten., to Grenada,Miss. 10
Yazoo & Mississippi Val. RR.
Dubuque, l a ...........
IfMemphis to N. O. and brs.1,09
Dubuque & Sioux City H....... 730
88 St. Louis A lton & Terre H . . . 23
Switz City to Efflngh’ m, III..
Entire stock owned.
Springfield to E. St. Louis,
98 Branches................................... 8£
111. (V. 71, p .5 4 7 ) ..........
Leased.
Acquired—Oct., 1901,
Chicago & Texas (Sept.’9 7 )..
(
Peoria, 111., to Evansville,
Ind., with 6 m. branch (V.
Total system June 30,1901.5,31
73, p. 391, 665).................... 251
Of ichich earns, kept separateLeased.—Control owned.
Yazoo & Miss. Vail. R R ........ 1,0!
Chicago St. L. & N. O. RR.
Cairo, 111., to New Orleans. 547
Total included in earns.
Line to Louisville, etc— ) 396
Id O
S W. A hrVhesI
t
__________ ________________ <
July 1, 1901............... 4,2
On Deo. 1, 1899, took over portion of St. Louis Peoria & North©
Ry. from Springfield to East St. Louis 111., 98 miles. V. 71, p. 54
The Fort Dodge & Omaha
RR.
extension, Tara Static
near Fort Dodge, la., to Council Bluffs, la., 130 miles, was p]
chased by the Dubuque & Sioux City RR. on June 16, 19<
and leased for 50 years to the 111. Central for its net earnings abc
interest on 111. Cent, bonds issued thereon (see below). V. 71, p. 5During 1900-1 various branches of Yazoo & Miss. Val., aggregats
90 miles, were completed, and in Mar., 1902, Lake Cormorant'
Tutwiller, Miss , 68 miles, and several others, were under construct! •
Extension from Lyle, Minn., to Albert Lea, 19 miles, operated in Do
1900. Steamship connections at New Orleans. V. 72, p. 533, 872.
The stockholders voted on Oct. 16, 1901, to acquire the to r i'
Peoria Decatur & Evansville Ry., Peoria, 111., to Evansville, Ind., .<
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72

INVESTORS* SUPPLEMENT.

[V o l . L X X V .

B on ds- P rin ci­
__________________ RAILROADS.__________________
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal,W henDue.
Amount
of
of
Par
F or explanation of column headings, &e., see notes
Rate Per When Where Payable, and by Stocks—Last
Road. Bonds Value. Outstanding Cent. Payable
on first page o f tables.
Whom.
Dividends.
Illinois Centred—(Concluded)—
Trust bonds sterl. (sec. by Ch. St.L.&N.O. cons. ).U s
1886
*2 0 0
1st M.,8p.Div. ref. m., (Y.66, p. 1237) g.Us.xo*<fcr i l l 1897 $ 1,000
1st M., Middle Div.,Otto to Norman Juno. & brs-r 131 1881
1,000
Collateral trust bonds, gold, $ .................... Usc*&r
857 1888 500 &o.
Cairo Bridge bonds, gold (see rem arts).. Us.c*<fcr .... 1892
1,000
Col. trust, $25,000,000, g., on L. N.O.& T .lIs.c*W 798 1892 500 &c.
1,000
Western lines, 1st M .,^ . U s..............................c*&r 218 1894
St. L. Div. & Term’l M7, $10,000,000,g.Us.xe*<fcr * oaa ) 1897 500 <fco.
Do $5,000,000(SeeV. 6 5 ,p. 1173),g„ Us.x.c*&r
*1897 1,000
Louisv. Div. & Term. M ..$25,000,000,g.Us.xc*&r 535 1897 500 &o.
Chicago St. Louis & New Orleans, 2d m ortgage.. 567 1877
5 Consol. M. ($18,000,000), gold, int. guar.obfcr 567 1881
1,000
1,000
) Do guar. p. & 1.................................................... 567 1897
1,000
Memphis Div. 1st M., g., gu. p. & i, (end.) .U s.o* 100 1889
130 1900 l/O O & c
Omaha Div., 1st M., g., $5,000,000. U s...............
Litchfield Div., 1st M., g. $4,000,000.F ............o*
98 1900
1,000
Underlying St. Louis Div. < Terminal bonds.
&
St. Louis A lton & T. H.—Stock (not held by Illin ois Ce ntral).
100
17 1883
1,000
Bellev.& Carondelet, 1st M., Belle, to E.C.,gold.c’
51 1880
1,000
Bellev. & El Dor., 1st M. (I.C.owns $100,000)c*
30 1886
St. Louis Southern., 1st mort., g old ........ M e.o*
1,000
Carbondale & Shawneetown 1st M., g o ld ... c*
17 1887
1,000
Iow a Falls & Sioux City—See statement o f Dub uque & Siou x City.
1,000
Illinois Southern—1st mort., gold, $2,000,000.EC.
96 1901
ji
5 1st M. g .,> not guar............. Ce
S1895 1,000
Ind.Dec. < West. | r e ( j_
£
j guar. p. & i. (end.)e*
*1895 1,000
__ 1898 1,000
Car trusts June 3 0 ,1 9 0 1 ...........................................
__
Indiana Illinois & Iowa—Stock, $6,000,000 ..........
100
1st m ortgage, gold, $12,000,000, g o ld .lC ....c * r 203 1900
1,000

$5,266,000
2 , 000,000
968,000
15,000,000
3,000.000
25,000,000
5,425,000
8,377,000
4,939,925
21,388,000
80,0c 0
a l l , 289,000
1,359,000
3,500,000
5,000 000
3,000,000

3^3 g.
3 ^ g.
5
4 g.
4 g.
4 g4 g.
3 ^g.
3 g.
3ie g.

80,000
470,000

88,000

538,000
241,000

825,000
1,824,000
933,000
244,000
5,000,000 4 in
4,850,000

6

5 g.
3ieg.
4 g.
3 g.
3 g.

J. & J. London, Baring Bros.
J. & J. New York, 214 B ’dway.
do
F. & A.
do
A. & 0.
do
do
J. & D.
do
do
M. & N.
do
do
F. & A.
do
do
do
do
J. & J.
J. & J.
do
do
do
J. & J.
do
J. & D.
do
do
J/y& D /j
do
do
J/J&D /5
do
do
do
J. & D.
do
F. & A.
do
do
do
J. & J.
do

2 % J. & J.
6 g. J. & D.

7
J. & J.
4 g. M. & 8 .
4 g. M. & S.

do
do
do
do
do

do
do
do
do
do

4 g. A. & 0 . Equitable Tr. Co.,Chic.
5 g. J. & J. N. Y., Central Trust Co.
do
do
5 g. J. & J.
New York.
From Treas. of., Chic.
1901 See text
4 g. J. & J. N. Y ., Gr. Cent. Station.

a In addition $5,266,000 consol. 5s are pledged to sec ure 111 inois Ce ntral collate ral trust bonds

July 1, 1950
Jan. 1, 1951
Aug. 1, 1921
Apr. 1, 1952
Deo. 1, 1950
Nov. 1, 1953
Aug. 1, 1951
July 1, 1951
July 1, 1951
July 1, 1953
Dec. 1, 1907
June 15,1951
June 15,1951
Deo. 1, 1951
Aug. 1, 1951
Jan. 1, 1951
J u ly ,'0 2 ,lb !%
June 1, 1923
July 1, 1910
Sept. 1, 1931
Meh. 1, 1932
Oct. 1, 1951
Jan. 1, 1935
Jan. 1, 1935
Aug. 1, 1905
July 1 ,’ 02, 2%
July 1, 1950

of 1886.

1900.
1899.
I l l i n o i s C e n t r a l R R . —(Co n c l u d e d ).
1901.
miles, previously operated by Illinois Cent, as agent, with 6-mile branch, Operating expen ses.................. $25,841,792 $22,869,396 $19,652,262
$9,742,571
$8,552,428
the cost to be represented by a new bond issue.— V. 73, p. 391, 665. Net earnings................................$11,058,668
2,411,721
2,547,658
The Kentucky W estern R y., Blackford to D ixon, K y., 19 miles, was Net reo’pts from interest, & c ... 2,476,575
33,420
30,090
taken over as agent for the owners in Deo., 1901, and in Apr., 1902, M iscellaneous.............................
28,608
was about to be merged,—V. 74 p. 775. In Jan., 1902, obtained con ­
Total receipts........................$13,563,851 $12,184,382 $11,133,506
trol o f the Omaha B. & Terminal Ry. (V. 74, p. 151.) In Feb., 1902,
Deduct—
purchased the Cecilia branch, 46 miles, form erly leased.—Y. 74, p. 326.
$2,775,925
$2,902,465
Interest on 111. Central b’ ds... $2,930,925
2,361,874
H is t o r y , L ea ses , &c.—Chartered in December, 1850. The company
2,421.090
Int. on Chi. St. L. &N. O.b’d s...
2,421,090
981,646
pays to the State o f Illinois 7 per cent (in 1901 $815,093) of gross Rental Dub. & Sioux C. R R ....
627,568
533,913
506,020
o f the 706 miles owned in fee yearly in lieu o f taxes. The Chicago St. L. Net rental St. L. A. & T. H ....
507,525
507,525
50,000
& N. O. is leased for 400 yearsfrom July 1,1882, at 4per cent per annum Miscellaneous...........................
95,000
*452,738
on its $10,000,000 stock deposited to secure the leased line slock.
Divid’ ds on 111. Central stock. (6)3*780,000 (5^)3,300,000 (5)2,812,500
Ca p it a l S t o c k .—The leased line stock is secured b y deposit o f
$1,519,001
Balance, surplus...................... H$2,937,660 $$2,457,274
$10,000,000 Chicago St. Louis & New Orleans stock, and in case o f
*Includes $250,000 for pension fund, $145,238 rent of Peoria div.,
default for sixty days on any semi-annual dividend o f 2 per cent, the etc.
stockholder is entitled to his share of the stock pledged. (V. 65, p.1071.)
$ Includes $2,895,400 betterments, against $2,416,674 in 1899-0.
Early in 1901 the stock was increased from $60,0u0,000to $66,000,Y a z o o & M is siss ip p i V a l l e y —Results on 1,057 miles in 1900-1;
000, in Nov., 1901, to $79,200,000, and in June, 1902. was authorized
to be further increased to $95,040,000, to provide additional equip­ 1,001 miles in 1899-0. See report at length, V. 73, p. 672.
Fear—
Cross.
Wet.
Other inc. Interest, etc. Bal., sur.
ment and facilities. See V. 71, p 1066; V. 72, p. 241, 282; V. 73, p.
$515
$1,004,306 $1,066,079
82,138, 666; V .74. p. 1308; V. 75, p. 77. The new stock will be sold 1900-01....$6,127,942 $2,069,870
363
946,240
959,299
at par pro rata to shareholders of record Sept. 19, 1902, 50 per cent to 1899-0 0 .... 5,300,890 1,905,176
Surplus in 1900-01 as above, $1,066,079, of which $1,016,079 was
be paid Dec. 2, 1902, and 50 per cent Jan 7 ,19 03 , or optionally all on
Dec. 2. Of the stock, over a m ajority is now held in America, paid Sept. 1 ,19 01 , to 111. Cent, as owner of entire $9,104,000 Louisv.
$8,000,000 being owned by the Railroad Securities Co. See page 119 New Orl. & Tex. 2d mort. income bonds on account o f arrears of
interest ($5,213,522) on July 1,1901.
o f this S u p p l e m e n t . V. 71, p. 698,779.
O f f ic e r s .—President, Stuyvesant Fish; Treas«, E. T. H. Gibson; 3d
D iv id e n d s . ) 1 8 8 5 .’ 8 6 .’ 8 7 .’ 8 8 .’ 8 9 .’ 9 0 .’ 91 t o ’ 99. 1900. ’ 01. ’ 02.
Vice Pres, and Sec., A. G. Haekstaff. 214 Broadway, N. Y.
Common stock. S8 p.o. 7 ^ 7
7 5^ 6
5 y ’rly.
5*2
6
6
D irectors.—B. F. Ayer,
B o nds .—Main Line $15,000,000 mortgage o f 1874 covers property Charles M. Beach, James W alter Luttgen, John VV. Auchineloss, J. T. Harahan,
D. W. Cutting. Stuyvesant Fish, Edward H. Harridescribed in V. 63, p. 76. Cairo bridge bonds are seoured by deposit man. John Jacob Astor, Charles A . Peabody Jr., John C. W elling, W, M ortal
o f a like amount o f Uhioago St. Louis & New Orleans 1st M. Cairo Bridge Grinnell, and E x officio H on. Richard Yates, G ov. o f Illinois.
5s. The rental for the bridge is $180,000 in gold annually, o f whioh —(V. 73, p. 6 6 5 ,8 4 3 ,1 1 1 2 ,1 2 6 3 ; V. 74, p. 151, 326, 775,1308.)
$30,000 goes to a contingent and sinking fund till 1902, then $20,000
I l l i n o i s S o u t h e r n B y .- O w n s Chester 111., to Salem, 111., 91 m.,
to regular sinking fund. See adv. in Ch r o n ic l e , May 7,1892.
and Sparta to Rosborough, 5m.; total, 96 m. Successor June 1, 1900,
The trust bonds o f 1886 are secured b y deposit of $5,266,000 Chicago o f the Oentralia & Chester RR., foreclosed. V. 70, p. 1048; V. 71, p.
St. L. & N. O. consols o f ’ 81, and are to be included in any new mortg
29. Friends o f the oom pany are building an extension, under the
The collateral trust bonds o f 1952 are secured by pledge with the U. S name of Southern Missouri Ry., from Little Rook Landing to BlsTrust Co. o f New York o f $16,350,000 5 per cent 1st mortgage gold marok, Mo., 43 miles; and in Feb., 1901, incorporated the St. Louis A
bonds o f subsidiary railroads covering 854 miles. See list, V. 55, p. 550. Southern RR. to build from Missouri Jet. to the Mississippi River at
The $25,000,000 collateral trust bonds o f 1953 are secured by pledge Moro Landing, near St. Genevieve, 6 miles.
o f the securities of the Louisv. N. O. & Texas (now Yazoo & Mississippi
Stock, $2,000,000, all issued. For 8 months ending Feb. 28,1901,
Valley RK.), including all the $16,900,000 1st mortgage bonds, except gross, $76,536; net, $11,592. For year ending June 30, 1901 (old
$68,000, all the $9,104,000 m ortgage incomes and all but $96,000 of com pany), gross, $113,229; oper. expenses, $96,285; taxes, $8,013
the $10,000,000 land grant incom e bonds. See adv. in C h r o n ic l e , June President, o. H. Bosworth; Auditor, C. F. Weinland, 204 Dearborn St.
11,1892, and V. 54, p. 9 6 4 ; V. 61, p. 112.
Chioago, IU.—(V. 71, p. 29, 287, 445.)
For the Chicago St. Louis & Sew Orleans the lessee guarantees the
In d ia n a D e c a tu r Sc W e s t e r n R y . (See Map Cincinnati Ham■
principal and interest o f all the outstanding bonds prior to the 5s of
£
1881, and by an endorsement on the latter bonds guarantees the ilton < Day ton).—Indianapolis, Ind., to Decatur, HI., 152 miles. The
payment of the interest on the same until the principal is paid. Of Chicago & Ohio R iver RR., Sidell to West Liberty. 78 miles, was ac
these consol. 5s $5,266,000 additional to the amount outstanding above quired in 18 99 and is operated as the Ohio River division; trackage
are pleged as seourity for the Illinois Central trust bonds o f 1886. The West Liberty to Olney, 8 miles; total, 2 3 8 miles.—V . 68, p. 5 2 3 . Sue
3 ^ 8 o f 1897 are guaranteed, p. < i., by endorsement—see form o f guar­ cessor in 1 8 9 4 of Indianapolis Decatur & Western, foreclosed.—V . 61
fc
p. 1 0 6 4 ; V 6 4 , p. 4 1 ,9 5 3 ; V. 6 5 , p. 2 7 . Extension from Decatur b
anty in V. 65, p. 1071.
The Western Lines loan o f 1894 is for $10,000,000, but $4,575,000 Springfield, about 4 2 miles, under name o f Springfield & Decatur R R
bonds can be issued only when the road from Iow a Falls to Sioux City, was completed May, 1 9 0 2 .—V . 7 2 , p. 1 2 3 6 . See B o n d s below.
s t o c k an d B o n d s .—Stock, $912,000 com mon and $912,000 preferred
184 miles, now subject to $2,800,000 o f Iowa Falls & Sioux City bonds
(see Dubuque & Sioux City RR.) due in 1917, shall be transferred to all owned by Cin. Ham. & Day. interests. V. 61, p. 1064. New stool
will be issued to reduce floating debt incurred for improvements am
the trustee without enoumbrance. See Su p p l e m e n t of Jan., 1899.
The St. Louis Division < Terminal bonds are for $15,000,000 on aooount o f Springfield extension.
&
The first m ortgage o f 1895 is authorized at $12,000 per mile fo
authorized, of which $5,000,000 are three per ce n ts ; $3,500,000
were issuable for improvements, equipment, eto., and $1,499,000 are additional road built or acquired; the bonds are redeemable by lot a
held to retire $1,400,000 underlying bonds still outstanding on the St. 110, at anytim e on eight weeks notice; $933,000 issued for Ohio Rive
Louis A lton & T. H. system; see table above. See a b stra c t of mort­ division are guaranteed by Cin. Ham. & Dayton; additional bonds ui
der the mortgage will be issued to cover extension from Decatur t
gage in V. 66, p. 1 3 8 . See also V. 66, p. 133; V. 71. p. 546.
Louisville Division <■Terminal mort. is for $25,000,000. Of the loan Springfield, 42 miles. (V. 69, p. 795).
£
1,112,000 are reserved to purchase the 46 miles (Cecilia branch) from
D iv id e n d s .—In 1897 to 1900, inol., 3 p. o. yearly paid on preferred
ouisville & Nashville and to retire the L. & N. bonds thereon; $2,A n n u al R e p o r t .—R eport for 1899-00 was in V. 71, p. 909.
500,000 for new acquisitions, additions or extensions. The Chioago
Years.
Cross. Oper. Ex.
Wet.
Charges.
Div.
Bal.
St. Louis < New Orleans, which took title to the Louisville Division,
fe
Joins in making the m ortgage. See V. 66, p. 1 3 6 , for a b stra c t. See 1900- 01..$706,938 $518,771 $188,167 $138,550 ............ $49,61
174,098
137,850 $11,400
24,84
also S u p p . of Jan.,1899. (V. 65, p .3 6 7 ,516; V. 66, p. 133; V. 67 p. 581.) 1899-00... 674,213 500,115
Prest.,M . D. Woodford; vioe-Pres., H y. F. Shoemaker.—(V. 73, p 957
The Omaha Division m ortgage covers the former Ft. D odge & Omaha
In d ia n a I llin o is Sc I o w a R R . —Owns from South Bend, Inf
RR., Tara to Council Bluffs, la., 131 miles. V. 71, p 547.
Of the +'4,000,000 Lltohtteld D ivifion bonds, $1,000,000 are reserved to Seatonville, 111., 192 miles, with branohes, 10 miles; trackage over f
B. & Q., Ladd to Fulton, 62 m iles; other trackage, 2 m.; leases5 0 yea:
for improvements, eto. V. 71, p. 547, 646.
G e n e r a l F in a n c es .—In 1902 the stock was increased to $95,040,- from Feb. 23,1900, the St. Joseph South Bend& Southern RR.,8oul
Bend, Ind., to St. Joseph, Mich., 39 miles; total 306 miles, the e
000. See paragraph headed “ Capital Stock” above.
tension from Streator to Churchill being operated from Jan., 1901. E
E a r n in g s ,—11 mos., $ 1901-02.Gross, $37,520,712; net, $12,040,927 tension from St. Joseph to Benton H arbor was to be com pleted Oc
July 1 to May 31. *1900-01. Gross, 33,990,026; net, 10,508,597 1901. In Jan., 1902, the Lake Shore & Michigan Southern Ry. pr
A n n u al R e p o r t .—Fiscal year ends June 30. Annual meeting is held chased $4,436,200 of the $5,000,000 stock. V. 73, p. 1356; V. 74, p. 4
D iv id e n d s .—Got., 1900, to Jan., 1902, inclusive, 1 p. o. quarteri
at Chicago the third W ednesday in October. Report for 1900-01 was
published at length in V. 73, p. 658, 665 See also editorial, p. 637. July (semi-amiual). 2 p. o.
B o nds .—Of the $12,000,000 1st 4s o f 1901, $7,500,000 wereissual
The follow ing does not include Yazoo & Mississippi Valley.
only for new property and improvements; of these, $350,000 w«
Tear ending June 30—
1901.
1900.
1899.
issued in 1902 for new equipment, side tracks, etc. V. 71, p. 1269;
Miles operated. ........................
4,265
3,996
3,679
Passenger earnings....... $7,327,742
$6,177,654 $5,409,538 72, p. 87, 722; V. 74, p. 1251. Current liabilities June 30, 1901, $42
Freight earnings............ 24,876,339
22,280,420 19,251,344 489.
Mail, express & miscellaneous
4,696,379
4,153,897
3,453,808
E a r n i n g s . — 12 m on th s,) 1901.......Gross, $1,638,904; net, $613,0;
Jan. 1 to Dec. 31.
S 1 9 0 0 ...... Gross, 1,226,140 ; net, 444,0
Total earnings......... $30,900,460
$32,611,967 $28,114,690

f

J u l y , 1902.]

R A IL R O A D

STOCKS

AND

BONDS

73

74

iNVESTOES’

SUPPLEMENT.

[V o l . L X X Y .

Bonds—P rin ci­
IN TERE8T OR DIVIDEN DS.
Miles Date Size, or
pal, W hen Due.
A m ount
of
Par
of
For explanation of colum n headings, &c., see notes
Rate per When Where Payable, and by Stocks—L a s t
Road. B onds Value. Outstanding Cent.
on first page o f tables.
Payable
Whom.
Dividend.
RAILROADS.

93
Indianapolis Un.—1st M., g., s. f. not subj.to call.c*
Indianapolis < Vincennes—1st M., gu. p. Mend) e. 133
&
Intertiorough R apid Transit—Stock, $25,000,000..
959
international & Great Northern—1st m ort., g o ld ___
959
2d m ortgage, g o ld . F ................................................c*
3d M. ($3,000,000) (form ’ly inc.Kg.incl.scripU Ie.o* 959
....
Colorado Bridge bonds, sinking tund. F .................
lnterocean ic Ry. o f Mexico—Ord. shs., £1,700,000.
Preferred stock, 7 per cent, cum., £ 1 ,0 0 0 ,0 0 0 ...
....
Pr. lien deb., subi. to call at par aft. Mch. 1, ’9 7 .
....
Four p. c. deb. stock, sub. call, par, £ 1,1 50 ,0 00 .
....
Deb. stock, 7% “ A ,” subj. to call, 110, n on -cam ..
Deb. stock, 7% <lB ,” subj. to call, 120, non-cum ..
....
Second deb. stock, red. at 105 after 1911, text
M ex.E . deb. stk., £450.000, guar.,red. 105 beg.’ 14 ....
Iowa Cent.—Common stock, $11,000,000 auth .......
....
P referred stock, $7,400,000, 5 p. c., n on -cu m —
1st M. for $7,650,000, g. (abstr.,V .49,p.582)M e.e* 503
R efund’g M., $25,000,000, g See te x t M o , .c*<fcr 541
Iow a < St L.— 1st M., $2,000,000 (red. text).
6
o* ....
20
iro n Railway—Stock.......................................................
Jacksonville < St. Louis—Stock Trust Certificates.
&
Jacksonv. Southeast. 1st M., Jack, to Litchfield..
54
1st consol, m ortgage, $650,000, gold
. P** P c* 112
112
In com e M, gold, non-cum ., $ 1,6 50 ,0 00 .. P e P —
Jacksonville Ter.—1st M., $500,000, g., g u .M p ,.c *
....
41
Jamestown Ghaut. & L. E.—lstM .,$ 7 o 0 ,0 0 0 .C o .c.* r
Jefferson—1st & 2d M s,ext. in ’ 87&’ 89 (H’ dale B r.)c
8
1st M .Carbondale to 8. d ep ot,g., g u .p .& i.F P .o *
37
Joliet < Northern Indiana^- 1st M. gu. p. & i. M. C .c
&
45
Junction (Philadelphia)—1st m ., gu a r.p .& i.(ext’d). 3*62
General m ortgage, gold, coupon, $750,000 ......... 3*62
Kanaw.d Mich.—1«t M .$15,000p.m.g.gu.p.<fei.€e c* 164

1886
1867
1879
1881
1892
1880

....
....

....

...

....

....
1888
) 901
1902
1880
1896
1896
1894
1901
1867
1889
1877
1882
I f 00
1890

$1,000
$954,000
4Jag. M. & N. Phila., Fidelity Trust. May 1, 1926
1,000
7
1,700,000
F. & A. N. Y ., Farm. L. & Tr. Co. Feb. 1, 1908
See text.
100
None.
500 &c.
9,795,000
6 g. iM. & N. N .Y., office, 195 B ’way. Nov. 1, 1919
500 <fec. 8,895,000
5 g. M. & S. N. Y ., office, 195 B’way. Sept. 1, 1909
500 &c.
2,728,500
See remarks.
4 g. M. & 8.
Sept. 1, 1921
1,000
198,000
M. & N. N.Y., office, 195 B ’way May 1, 1920
7
£ 1 0 £1,700,000
10
1,000,000
50 &c.
400^000
5
J. & J.
Mch. 31, i9 1 2
......
699,886
4
M&S 15
London.
Sept. 1 5,1950
100
735,392 7 in 1901
do
Sept. 1 5,1 95 0
100
469,459 37J6in’00
Sept. 1 5,1950
100
4*2
150,000
1950
100
5
J&D 15
London.
m
Jan. 1, 1984
100
8,517,700
......
......
100
5,671,900 1 ^ in ’ 00 M. & S. N. Y. office, 25 B road St. Mar. 1 ,’0 0 .1 'a
1,000
7,650,000
5 g. J. < D. N. Y., Mercantile Tr. Co. June 1, 1938
fc
1,000
2,000,000
4 g M. & S.
Mar. 1, 1951
1,000
See text.
5 g. M. & N. St. Louis & New York. May 1, 1942
100
600,000
B oston.
Jnlv 10 1 891
100
1,500^000
1,000
300,000
6
J. & J.
See text.
July 1, 1910
350,000
5 g. A. & O. Phila.,Penn.Co.for Ins. Oct. 1, 1925
1,582,000
4
J. & J.
None paid.
Jan. 1, 1935
1,000
500,000
5 g. J, & J. N .Y., Guaranty Tr. Co. July 1, 1939
1,000
600,000
4 g. J. & J. N. Y ., Contin. Trust Co. Jan. 1, 1951
1,000
300,000 4 ^ & 6 J. & J. Phila., Fidelity Tr. Co. Ju ly 1, 1927
1,000
2,800,000
N.Y., Erie RR.
Jan. 1, 1909
5 g. A. & O.
1,000
800,000
J.10& J. N. Y ., Farm. L. & Tr. Co. July 10, 1907
7
1,000
425,000
J. < J. Phila., B road St. Sta. July 1, 1907
fc
1,000
300,000
do
do
3 ^ g. A. & 0 .
A pr. 1, 1930
4 er. A. S. O. N. Y .. neutral Tr. Co. Apr. 1. 1990
1.000
r
2,469,000

E a r n in g s .—R eport fo r yea r ending June 30, *01, was in V. 73, p. 840,
show ing: gross, $1,419,116; net, $559,281; other incom e, $5,230;
interest, taxes, rentals, $264,716; dividends (4 p. c.), $200,000;
balance, surplus fo r year, $9^,794. Tn 1 899-0,gross, $1,226,150; net,
$468,085.—(V. 73, p. 6 6 0 , 662, 8 4 0 , 1356; V. 74, p. 41, 205, 1251.)
I n d i a n a p o li s U n io n R y ,« O w n s 3 miles o f track, 93 o f a mil*
o f road, with term inals at Indianapolis, Ind., and leases for 999 year*
the B elt R R . o f Tndianapolis- 1 2 ^ m iles (w hich see).
Form ed in 1850 and furnishes term inal facilities to the severaj
railroads entering Indianapolis. C a p i t a l — The Cleveland CincinnaT'
Chicago & 8t. Louis, the P ittsburg Cincinnati Chicago & St. Louis an fi
the Terre H aute & Indianapolis are virtual proprietors, they having in ­
vested in it $859,175 to June 3 0 ,1 8 9 8 . No stock outstanding. B o n d s .
—Trustee o f m ortgage is the Fidelity Ins. Trust & Safe D eposit Co. oi
Philadelphia. Bonds for $46,000 have been canceled b y sinking funn.
F or year ending June 30, 1 9 0 1 , gross, $579,422; net, $235,019 ; othei
incom e, $ 13 ,03 6 ; charges, $ 16 9,4 6 2; balance, surplus, $78,593. In
1899-0, gross, $ 6 0 1 ,1 8 9 ; net, $ ‘ 32,079; other incom e, $12,080.
^
I n d i a n a p o li s & V in c e n n e s R R . —Owns from Indianapolis, Ind.
to Vincennes, 117 miles; branches, Bushrod to Dugger, etc., 16 miles.
S e c u r it ie s .— Stock, $1,402,000; par, $ 5 0 ; o f which Pennsylvania
Company on Jan. 1, 1902, ow ned $1,401,900. The $1,400,000 guaran­
teed 2d 6s were purchased by Penn. R R . M ay 1, 1900. pending a
m erger w ith other W estern lines o f the system. V. 72, p. 490.
Y 'ren d .D ec^ j: Gross.
Net.
Interest, etc.
Balance.
1 90 1 ................$709,434
$123,245
$168,000
def. $44,755
1900................. 639,595
104,284
179,667
def. 75,383
— (V. 70, p. 739.)
I n t e r b o r o u g h R a p i d T r a n s i t C o .-T n c o r p r rated on M ay 6,
1902, in New Y ork , and acquired the stock o f the R apid Transit Sub­
w a y Construction Co. Will operate the rapid transit tunnel rail­
road in New Y ork City. This road is exp ected to be com pleted b y Jan
1 ,1 9 0 4 , as a four-track line from the C ity Hall (with the tw o track
loop at that point), under n ew Elm St., Fourth and Park avenues, to
4?d St., thence under 42d St. and Broadw ay to i0 3 d St.; also as twotrack lines, partly viaduct, (a) from 1 03d St., on the W est Side, to
K ingsbridge Station, (b) from 103d Sc. to the E ast Side and B ro n x Park.
C o n t r a c t s .— The con tract with the city calls fo r the con struction of
the above-described road fo r $35,000,000 and its lease to the co m ­
p an y fo r 50 years from com pletion , ren ew ab le fo r another 25
years, the rental to be equal to the interest on the city ’ s bonds issued
fo r construction (but n ot lo r easem ents, etc ) The com pa n y m ust
also at its ow n expense p rovid e the electrical equipm ent, contracts
fo r w hich will aggrt gate $16,000,000. F or con tract see V. 69, p. 1063.
In July, 1902, contracts for a tw o-track extension to South Ferry and
thence to B rooklyn under the East R iver were bid for. V. 72, p. 1035,
1136; Y. 73, p. 616; V. 74, p. 152, 987.
S t o c k .— Stock authorized, $25,000,000; p a r o f shares, $100; o f this
$9,00<’,000 is full p a id (see Y. 74. p. 987 ; on the balance, $9,600,0( 0
b e ir g subscribed fo r at 110 and $6,400,000 otherw ise taken, 30 p . c.
has been called to Aug. 1 ,1 9 0 2 .
D i r e c t o r s .— W illiam H. B aldw in Jr., Charles T. Barney, August
Belm oi t, A ndrew Freedman, Jam es Jourdan,
B. M cD onald, W. G.
Oakman, John Peirce, Geo. W. Y oung, Win. A. Read, Cornelius V ander­
bilt, New Y ork; E. P. Bryan, Yonkers, and o a rd iu e r M. Lane, B oston.
P r sident. A ug st Belm ont; Secretary, Fred’ k Evaus; Treasurer,
John F. Buck. Office, 23 Nassau St., N. Y.
I n tern a ifio n a l Sc G re a t N o r th e r n R R , (See Map M issouri Pa­
cific).—L ongview on Tex.& Pao. (near Shreveport, La.,) southw esterly
to H ouston and Galveston, also to Laredo, T ex., on Mex. N ational RR.
Miles.
L ines owned—
Miles. I L ines Operated—
Longview , Tex., to Laredo, — 496 1 G alveston H ouston & Hen.
Palestine to H ouston, T e x ....... 151
(join tly with M. K. & T )....... 50
M i n e o l a , Columbia,
etc.,
Other lin es................................... 2e
b ra n ch es..................................... 102
Total system June 1,1902..1,002
W aco to Spring............................ 177
O r g a n iz a t io n .— Reorganized without foreclosure in 1892 under plan
In V. 54, p. 203, 366. Stock authorized is $25 ,00 0 ,00 0; outstanding,
$9,755,000; par, $100; controlled in interest o f Mo. Pao. On May 1,
1901, the Calvert Waco & Brazos V. R y., in operation from Marlin to
Bryan, 66 miles, was merged, and was extended from M arlin north to
Ft. W orth (alm ost com pleted in July, 1903.) and from Bryan south to
Spring, 22 miles north o f H ouston (com pleted), making through line
H ouston to Ft. W orth, 280 miles. V. 72, p. 872.
in May, 1902, an am endm ent to the charter was filed providing for
ov er 300 miles o f extensions, including N avasota to W axahaehie, Tex.,
195 m.; Neches to Coltharps, 43 m.; branch to D allas, 30 m.; i alestine
to Rusk, 30 in., and East Colum bia to Bay City, 25 m. V. 74, p. 103s.
B o n d s .—T h e second mortgage in te r e s t , s c a le d to 4 ^ p e r c e n t , u n til ana
in c lu d in g S ep t. 1, 1897, is n o w 5 p e r c e n t ; h u t in c a s e o f d e fa u lt th e
r a te r e v e r t s t o 6 p. o. as fo r m e r ly . V. 73. p. 4 4 5 . I n M a y , 1902, e q u ip ­
m e n t le a s e w a r r a n t s , in c lu d . tn t., $317,055, p a y a b le m o n t h ly t o 1906.
E a r n in g s .— Jan. 1 to June 30, gross, $4,838,756 in 1902; in 1901,
$4,990,611.
Year.
Gi'oss.
Net.
Other inc.
Charges. Balance.
1 9 0 1 ......... $5,148,092 $1,215,212 $11,956* $1,109,024 sur. $118,1 44
1900......... 4,438,576
1,137,382
8,157 *1,108,546 eur.
36,993
*~Charges in 1900 above include about $97,282 equipm ent notes
paid oft; in 1900, $ 15 6,1 3 1.- ( V . 74, p. 151, 267, 379, 829, 1139.)

I n t e r o c e a u l c K y . o f ML x i c o , L i m . - S e e page 175.
I o w a C e n t r a l R y , - ( 5 « e Map) —Operates Peoria, III., west to Oska'oosa . la., thence northerly to A lbert Le*, Minn., form in g a through,
line via M inneapolis & St. Louis R R . from P eoiia , 111., to St. Paul,;
Minn.
Owns—
Miles. I Leases— (stock owned.)
Miles.
Iow a June.,111., to N orthw ood.
|Ta. C & W .,B elm on dto A lgona. 37
Ia.(inc.K eith3burgB r.> 1
2 2m )351 \ Track, Towa Junot’ n to Peoria. 3
Tranches to Belm ond, etc.........151 N orthw ood, la ., to A lbert Lea,
I M in n ......................................
14
T otal in earnings July 1 ,1 9 0 1 ............................................................ J5 5 6 H i s t o r y .— R eorganization (by plan in Y. 44, p. 653) of the Central.
T a sold in foreclosure in 1887-88. In June, 1900, M inneanolis & St.
ow
Louis interests oh taii ed control through purchase o f the com m on stock;
the tw o properties are operated in close con n ection .—Y. 70, p. 1249.
C a p i t a l S t o c k .— The preferred is entitled to 5 per cen t (non-cumulative), then com m on to 5, then both share pro rata.—(V. 62, p. 548.)
D i v i d e n d s .— On preferred stock in 1 8 9 2 paid 1 per cent; in 1 8 9 9 .
March, l 1 p. c.; Sept., 1 ^ p, o ; in 1 9 0 0 , March,
^
p. c. Dividends,
w ere suspended in 19 0 0 , the surplus earnings to be applied to new
equipment, etc. V. 7 1 , p. 2 5 8 , 3 4 2 .
B o n d s . The refund n g 4s o f 1 ^ 0 1 are secured by a m ortgage o n t h o
entire property now o w n -d or hereafter acquired, subject to the $7.K50,000 first 5 b, for w hich ao equal am ount is reserve-!. In I f 01
$2,000,000 w ere issued to retire the $555,000 Iow a Central & W estern
58 and the $591,000 Keithshnrg Bridge 6s 0 he latter called fo r p ay­
m ent on Dec. 1, 1901,) ar.d for im provem ents and equipment. The
balance are issuable for future extensions at n ot exceeding $ 2 5 ,0 0 0
per m ile, im provem ents, equipm ent.—Y. 73, p. 901
E a r n i n g s .— 11 months, > 1 9 0 1 -2 ...G ross, $2 3 36 ,01 7 ; net, $443,87$
July 1 to May 31.
(19 00 -1 .G ross. 2,108 0 0 2 ; net. 3P3.602
F or 6 m onths end. D ec 31, 1901, net, $599,500; fixed charges, $2) 5,854; balance, surplus, $383,646.
A n n u a l R e p o r t .— Fisc a l year ends June 3 0 ; report for 1900-01 was
in V. 73, p. 1206,1217. Soft coal tonnage in year 1900 01 was 666.57$
(40 p. c. o f total tonnage). Ton-mile rate in 1900-01 was 0*709 cents,
against 0*696 cents in 1899-00; train load 1900-01 226 tons.
Year ending June 30.
1901.
1900.
1899.
1898.
Av’ge miles o f road oper.
506
513
509
509
Jross earnings................. $2,284,123 $2,325,919 $2,120,575 $1,868,349Set earnings (over taxes)
387,514
551,459
5 5 9 ,~19
531,541
rot. net rec’ts (inel.rents)
438,757
566,780
574,694
543,318
Iaterest, rentals,
.........
431,709
397,701
389,780
377.589
Int. acet. I. C. & W. R y ...
............. cr. 6,895 cr. 2,586 cr. 1,697
M iscellaneous .................
..................................
13
61,948
D vidends on preferred. _...............(3) 1 7 0 ,0 2 4 (1 ^ )8 5 ,0 0 5
.........
Balance, surplus........
*>7.049
$5,950 $102,482 $105,478
President (July, 1902), Edw in H aw ley.—(V. 74, p. 936.)
I o w a At St. L o u i* R R . —N ovinger, Mo., northerly to Centerville.
Ia , 38 mil* s, com pleted July, 1902; under construction from Novin­
ger south to M acon, Mo.; total to be about 100 miles. The Iow a <
fc
M issouri RR. was incorporated b y the same interests to extend the
line from M acon southeasterly to St. Louis. Stock authorized, $909,000; par o f shares, $100; outstanding Jan. 1, 1902, $50,000. Bonds
are issuable at $20,000 per mile o f road com pleted and equipped and
subject to call at 107, beginning May. 1907, when draw n by lot.
President, H. F. Reddig; Secretary, H. H. Kendrick. Office, Kansas
City, Mo. (V. 73, p. 1010; V. 74, p. 1196; Y. 75, p. 134.)
J a c k s o n v ille Sc $ t. L o u is R y .—In June 1902, the Chicago Bur­
lington & Qujncy acquired p ractically all se cu ritie s.-V . 74, p. 1308.
J a c k s o n v i lle Sc Son tliw e s t e r n R R . —Jackson ville to Newberry
Fla., 88 miles, operated July, 1900; extension, Newberry to Manatee
Springs, Suwanee R iver, 20 miles, under construction A pr., 1901. ia
July, 1899, bonds had been taken b y officials and immediate friends.
V. 69, p. 80. Bonds reported to be outstanding, $300,000 first and
$200,000 second 6s, due J u l y l , 1911, Michigan Trust Co. of Grand
Kapids, M ich., Trustee. Y ear ending June 30, 1901 (86 miles), gross,
$146,7 c 6 ; net. $37,086. President, J. M. Barnett, G rand Rapids,
Mich.; Sec., A. G. Cummer, Jacksonville, Fla.— (V. 70, p. 1195).
J a c k s o n v i lle T e r m in a l R y .—Owns union freight and passener depots [the latter opened Feb. 1 ,1 8 9 5 ,] and term inal properties at
acksonville, Fla., including 20 miles o f track, used by Savannah
Florida < Western, Seaboard A ir Line, Jacksonville St. Augustine <
fc
fe
Indian R iver (now Florida East Coast R y.), which com panies guarantee by endorsem ent the principal and interest o f above bonds, and
ow n the entire stock, and A tL n tio V aldosta & W estern Ry. Y. 71, p. 135.
For j ear 1900-01, gross, $108,540; net, $11,847; other incom e, $29,988;
deductions, $35,239. (V. 71, p. 135.)
J a m e s t o w n C h a u ta u q u a Sc L a k e E r ie R y .—Jamestown,
N. Y ., to Chautauqua, 2 6 ^ m iles; branch to Falconer, 3hj miles;
extension, M ayville to Westfield, 11 miles, was com pleted in June,
1 9 0 2 ; total, 41 miles. Incorporated in Sept., 1900, and purchased
the stock and abou t 95 per cent o f the $250,000 bonds (5s) of the
Jam estown < Lake E rie Ry. and entire stock o f Chautauqua Steam­
fe
boat Co., operating 11 steamers on Chautauqua Lake. Stock, $600,000
all com m on. Com bined earnings o f properties for year ending Dec,
31, 1900, were: Gross, $116,478; net, $34,795; int. and taxes, $19,
689; bal., sur., 115,106. Railroad earnings alone were: gross, $57,

f

Helena

Alpha

Tehama
Reno

Tintic

^oVThistle J'e.
Atchis

ic.

Austin

River

CARSON CITY

K

U
nion

ISLAND

Leadville

SACRAMENTO

Marys vale
Frisco

)C\5.ton

At TO*

c \ ii

Colorado Sprs
l Pueblo

-unmson

Montrose1

I

TOPEKA

Junc.1
^
Davis.

a n s a s

k*n

La Junta

Lathrop

Hreede

‘o Candelaria

-Dodge Cy.

Alam osa'

Merced
Durango

L ake Cityo^_

Trinidad

'A.ntonito

BO ND S.

X N TH O N

Texline
Cochran Jc.

Bakersfield
S v M ojave

A N D

D os Olives

Barstow AT0H

Santa B a rb a| g| | ^

y k ^ S A N T A /f E
Coolidge
H olbrook i
^Fulton
Prescott

R edondo Beai

A

D a iu y ^ ^ L a s A

f
I

[A m arillo 1 .Washburn

A. & P > j, A^A lbuquerque

OkjaliQma

s Knob
i
Ft.Sm.tn

!
Socorro
jVIagdalena cx

^

Quanah
Carthage

B t t l e Ro c k
u

Mend

Globe

Vernon

C rocker

N ational Cj

Henrietta'
Gaine

M aricopa
Rincon
Tucson1
Benson.
Nogales,

Sperm:

Texarkana

Ft. Worth’"

’iiso del Nort

Dallas

P ecoA

----o Rosarii

M agdalene'

iente

wSierra Blanca
-yV Marfa

pac.\

AUSTIN ^

Spofford

Rincon
/ Lnmpazos.

T re vino

/ N

B A I L W A Y & CONNECTIONS
urango

tii

M i la in

Hempsieao

.Mouterev

EATON

Antonio

'"i HOpSTON

Ay u m v
llo U
6 M ouclova

SW

{Monroe

I .a redo

Ak’'Xa.1id ij

L u fk in

Ciudad YcL
P oriirio DUwh S
H
Sabinas ,/^ v - 1 \

KA NSAS C IT Y , ^
M E X IC O &, O R IE N T

V . •

idk*- Palestine

Kerrville

M AP OF THE

-S
'--

Vieksbuj^sf'ggjH

Tem ple1

.Guaymi

Shreveport-

Tyler.

Corsicana

Gates V.

iHermosillo!

Shortest Line from Kansas City to Pacific Ocean

Ttenisoi:

SW EETW ATER

Lordsbur

.^Laguna

J u l y , 19C 2.]

M cA llest/r

Roswell

PHCENIX

R A IL R O A D

STOCKS

Seligman
The Needle!

\
^ 'A r a n s a s Pass
Jqrpus Christ i

Y>rt A rth u r

,•

INVESTORS’ SUPPLEMENT,

76

[V o l . L X X V .

R A ILR O A D S.

Bonds—P rinci­
INTEREST OR DIVID EN DS.
Miles Date Size, or
pal,^When Due*
A m ount
of
For explanation o f colum n headings, Ao., see notes
Par
of
Rate per When Where Payable, and by Stocks—Last
Road. Bonds Value. Outstanding
on first page o f tables.
Cent. Payable
Whom.
Dividend.

Kan.O. Belt—1st ($534,000 gu. K .C .F.S.A M .).N B .c*
Kan. City Clin. & Spring.—1st M., g., g u a r .N B c*
Pleasant H ill A De Soto 1st m ortgage, g o ld .N B .
K a n . C ity F t . S cott & M e m p h is I t y . —Com. stock
Pref. stock $15,000,000, trust ctfs., gu., 4% (text)
R ef. M., $ t 0,000,000, g., gu.p,& i.end.x.M e.c*& r,.

10
174

....
...
....

....

U n d e k l y in g B onds

K. C. F. S. A G. 1st M., I’ d. gr.,s. f., dr’n at 1 1 0 .c*
Ft. Scott So’eastern A M.. 1st M ., d r'w n at 1 0 5 .c*
Memphis K. A Col. I s tM ......................................... c*
Kansas A Missouri R R . 1st m ortgage___
___ **
K. C. F. S. A M. RR c<>n. M .($25,000 p.m.)NB.O*
Current R iv. RR. 1st M ., $20,000 p. m ., guar.iM B
Kan. C.A M. R ’y A B ,d gelstM .g.,s.f.,d r,n a t ll 0 .c *
Kansas Equip. Co. 1st M. guar., s. f., red. at 110.
Ft. Scott Equip. Co , 1st M., cal) at p a r ...............
Ozark Equip. Co.1st M.,gu.,$1,000,000, call at par
K . C. Mem. & B ir gen .M .,$4,500,000, cu r .O B .c *
In c., non-cum . T o be stam ped—see te x t .O B .c *
Birmingham equipm ent M .,g.,gu. (red. at 110)..c*
Memphis Equipment Co., guar., red. at 1 1 0 .....C *
K an. City Mex. < Orient—1st M., g., $22,500 p. m..
£
K an. Ciiy Norlhw.—1st M .,p f.,“ A” g.,red at 105.M e
K ansas City Southern—Stock, com ., $30,000,000
Pref. stock , 4 per cent, non-cum ., $ 21 ,00 0 ,00 0...
1st m ortgage, gold, $30,000,0< 0 ................l e . . c *
Equii>ment trusts, June 3 0 ,1 9 0 1 ............................
x A ll excep t $731,500 are fixed-interest bonds;

160
103
50
26
719
81

....
....

...
....

277
277

....
....
....

1886
1885
1877

$1,000
1,000
500
100
....
....
100
1901 1,000&C
1879
1880
1884
1882
1888
1887
1889
1889
1899
1900
1894
1894
1888
1890
1900
1894

100 Ac.
2,151,600
7
1,000
a571,000
7
1,000
492,000
7
1,000
390,000
5
1,000
13,736,000
6
1,000
1,606,000
5
1,000 b 3 ,000,000
5 g.
1,000
c761,000
5
1,000
233,000
6
1,000
830,000
5
500 A c.
4
3,323,390
500 Ac.
5,923,280
5
1,000
913,000
6 g.
1,000
d lS 9 ,0 0 0
6
See text.
0)
1,023,500
500 Ac.
5 g.
....
29,993,500 1 To be h
21,000,000
1900
i ,o o o
30,000,000
3 g.
(?)

J. & J. B oston, Of., 50 State 8t. July 1, 1916
A. & O. Boston, Old C olony Tr. Oct. 1, 1925
A. & 0.
do
do
Oct., 1907
d by St. St. Louis A San F. RR.
N. Y. M erc. Trust Co. J u ly 1, '02, 1%
Q .- J .
A. & O.
do
do
Oct. 1, 1936
J.
M.
M.
F.
M.
A.
A.
J.
J.
M.
M.

&
&
A
A
A
A
A
A
A
A
A

D.
8.
S.
A.
N.
O.
O.
J.
J.
N.
S.

B oston, Old C olony Tr.
do
do
do
do
do
do
N. Y ., Motc. Tr. A Bost.
Boston, Old Colony Tr.
N .Y.,M er. Tr. Co. A Bos.
B oston, Old Col. Tr. Co
do
do
do
do
do
do
X
do
do
M. A S.
do
do
F. A A.
do
do
J. A J.
J. A J. N .Y. M ercantile Tr. Co.
eld in v otin g trust for 5 years.
A. A O. N. Y ., M erc. Trust Co.

June 1, 1908
Sept. 1, 1910
Sept. 1, 1910
Aug. 1, 1922
May 1, 1928
Oct. 1, 1927
Oct. 1, 1929
Jan. 1, 1905
July 1, 1909
M a y-N ov.l '10
Mch. 1, 1934
Mch. 1, 1934
Mch. 1, 1903
Aug. 1, 1905
1950
Jan. 1, 1933
Apr. 1, 1950

0, (d) $69,00 0, held a live in sinki ng fund.
coupo ns MA 8. V. 7|4, p. 829

694; net, $15,377. F or year ending Deo. 3 1 ,1 9 0 1 , R R . earnings w ere:
gross, $66,422; net, $17,984.—(Y. 72, p. 338).
J e f f e r s o n R B . —Owns Lanesboro, Pa., to Carbondale, Pa., 37
miles double tr a c k ; branch, H aw ley, Pa., to H onesdale, Pa., 8
miles. Leased in perpetuity to the Erie R R. Co. for $140,000 per
annum fo r main line and $14,940 for branch. Used b y Delaw are A H ud­
son to reach Carbondale. Stock, $2,095,450; all ow n ed b y E rie R R .
J o lie t 6c N o r th e r n I n d i a n a B B . —Owns Joliet, 111., to Lake
Station, Ind., 45 miles. Operated as part o f the Michigan Central sys*
tern. R oad opened in 1854 and leased to the M ichigan Central. Stock
($300,000, par $100) carries dividends o f 8 per cent p er annum.
J u n c t i o n B B . ( P h i la d e l p h i a ) .—Owns B elm ont, Pa., to Gray's
Ferry, Pa., about 4 miles. Leased fo r 50 years fro m M arch 1,
1899, to Phila. Wilm. A Balt.; lessee to p ay fixed charges, keep road
in repair and p ay bond interest and 6 per cen t on stock.
Stock
$250,000; (par $50), n ow all held by Phil. Wilm. A Balt, and the Penn.,
—V . 68, p. 428. D iv id e n d s —in 1891, 40 p. c., in 1892, 35 p. c.. in 1893,
30; 1 89 4,1 5 ; in 1895, none; 1 8 9 6 ,1 5 p. c.; 1897. 10 p .c.; 1898, 20 p. c.;
since 6 per cen t yea rly under lease.—(V. 68, p. 428.)
K a n a w h a 6c M ic h ig a n B y . —(See Map Toledo & Ohio Central.)—
Owns Com ing, O., to Gauley on the Ches. A Ohio, 172 m iles, less 17
miles, P om eroy to Gallipolis, and 1 m ile, Athens to A rm itage, where
H ock . Y al. R y. tracks are used. A lso ow ns branch o f 11 m iles leased
to Toledo A Ohio Central and Col. Shawnee & H ock in g R y. com panies.
H i s t o r y , E t c .— Reorganization in A pril, 1890, o f the K anaw ha A
Ohio R ailw ay sold in foreclosure. (V. 50, p. 451, 483.) In O ct., 1890,
a large interest in the stock was acquired by the T oledo A Ohio Central,
which has guaranteed the bonds, principal and Interest. (See V. 52, p.
165. 351.) Capital stock $10,000,000 ($1,000,000 in treasu ry July,
1901). The first m ortgage bonds are lim ited on ly to $15,000 p er m ile
o f roa d constructed. June 3 0 ,1 9 0 1 . car trust notes, $327,746; special
equipm ent and betterm ent loan, $160,000.
L a t e s t E a r n s .— 11 mos., ) 1 9 0 1 -2 ..Gross, $1,021,783; net, $219,169
July 1 to May 31.
S1900-1.. G ross,
845,722; net, 181,253
S u r .o v e r ll mos. chges., $96,776 in 1901-02, agst. $69,544 in 1900-01.
A n n u a l St a t e m e n t .— R eport fo r year 1900-1, in V. 73, p. 660, showed:
G ross, $924,624; net, $227,300; other incom e, $6,800; int., taxes, etc.,
$159,053; balance, surplus, $75,047. In 1899-00. gross, $759,069; net,
$177,046.—(V. 73, p. 2 3 4 , 6 6 0 ; Y. 74, p 267, 1089.
K a n s a s C it y B e l t B y . —From Argentine to Y alley o f B lue R iver, 10
miles.
Stock authorized $2,500,000 (par, $100);
outstanding
$100,000 (par, $ 1 0 0 );
ow ned one-half by Atchison Topeka
& Santa F e and three-tenths b y Kansas City F ort Scott A Mem­
phis and two-tenths by Chicago M ilwaukee A St. Paul. Double-tracked
and used for a term inal road at Kansas City, being leased fo r 99 years
from 1888 to C M. & St. Paul and A tch ison Top. A S. Fe (join tly with
other com panies) fo r p aym ent in each case o f 3 p. c. per annum o f
cost o f property used with equal p rop ortion o f cost o f con du ctin g
transportation and m aintenance accord in g to w heelage. The m ort
gage is for $2,500,000. E a r n in g s .— F or year ending June 3 0 ,1 9 0 1 ,
gross, $291,195; net, $164,291; interest, taxes, etc., $136,149; bal.,
sur., $28,142. Pres't, B. L. Winchell.
K a n s a s C ity C lin t o n 6c S p rin g fie ld B y . —Owns from Cedar
Junction, Kan., to Ash G rove, Mo., 164 miles; Arcadia, Kan., to Springfield, Mo . 85 m iles (acquired S e p t , 1901, from Kansas City F ort Scott
&‘Memphis R R .); branch to Pleasant H ill, Mo., 10 m iles; total, 259
miles. Stock, $1,775,400. Bonds were guaranteed by the K. C. Ft.
Scott A Mem RR. (old co.) For year ending June 30, 1901 (164 miles),
ross, $351,584; net, $136,351; total deductions. $181,485; bal., def.,
45,134. Pres., H. S P iiest, St. Louis, M o.—(V. 73, p. 184, 236, 723.)
K a n s a n C it y F o r t S c o t t 6c M e m p h i s B y . (See Map o f St.
L ou is & San Francisco Itailroad C o m p a n y) —Owns road e x ­
tending from Kansas ( ity, Mo., to Memphis, Tenn., and branches,
767 miles. Uses as trackage 85 miles from A rcadia to Springfield,
M o , which was sold in Sept., 1901. by the K C. Ft. S. & Mem RR.
(old co.) to K. «’. Clinton A Springfield Ky. (w hich see a bove). A lso
has a con trolling interest in stock o f tiie K. C. Mem. A Birm. R R .,
ow ning line from Memphis, Tenn., to Birm ingham , Ala , with branch,
296 m iles,and o f the Kansas City A Memphis Ry. A Bridge Co., ow ning
bridge across M ississippi R ixer at Memphis, 3 miles. Total operated
1,141 miles. Also to construct connecting line from Jacques Jet.,K a n .’
to the St. Louis A San Francisco RR. at Oswego. Kan., about 24 m iles’
O r g a n iz a t io n .— Incorporated on June 14, 1901, and is vested with
the properiy form erly the Kansas City Ft. 8. & Mem. R ailroad other
than the 85 m iles from A rcadia to Spnnglield, but not the Kansas City
Clinton & Springfield, and controls other mileage. V. 72, p. 1 2 3 7 .- See
V. 72, p .4 -8 , 53‘2. 675, 988. The St. Louis A San Francisco RR. owns
the entire stock and leases the road, guaranteeing the bonus o f 1901,
principal and Interest, and 4 p c. on preferred stock trust certificates#
St o c k . - Common authorized, $45,000,000. The pref. stock is depos­
ited in escrow and against it are issued trust certificates o f the St L. A
San F. R R .,th e latter Having the option to retire the certificates at any
tim e at par, and obligating itself to pay oft the w hole issue in 20 years
from date, m eanwhile obligating itself to pay quarterly dividends o f
1 p. o. thereon, beginning Jan., 1902. See V. 72, p. 1238
B o n d s . The refunding bonds o f 1901 (limited to $60,000,000) are
to be secured by all p roperty now ow ned, or hereafter acquired with
the proceeds o f the refunding issue. Of the bonds, $11,650,000 were
subscribed fo r in June, 1901, about $31,025,770 w ill be reserved fo r

f

$2,050,000
6
3,192,000
5 g.
58,000
7 g.
15,000,000 All ow ne
13,510,000
4 g.
12,055,000
4 g.

exch an ge agaiDSt the fa ce am ount o f underlying bonds, $3,000,000
fo r refunding purposes, $5,000,000 for im provem ents, betterm ents
and new equipm ent at the cum ulative rate o f $600,000 per annum,
and the residue, as w ell as any bonds n ot used or required fo r refund­
ing purposes, w ill be reserved fo r issue for additional lines and exten ­
sions, at not exceedin g $ 22 ,50 0 per m ile thereof. A s to guaranty on
bonds o f 1901, see “ org an iza tion ” above.
In 1902 the K. <\ Ft. Scott A Mem. R y. guaranteed the interest on all
excep t $770,780 o f the $5,923,280 Kansas City Mem. A Birm. incom e
bonds, beginning Mar. 1, the bonds so guaranteed being stamp* d with
a provision m aking them subject to call at any tim e w ithin 10 years
from Sept* 1 ,1 9 0 2 , at 95 and in te re s t—V. 74, p. 477, 577.
R e p o r t .—The earnings o f the com bined properties (including also
those o f the K. C. Clin. A Springfield R y n ot owned) were;
Tear—
Gross.
Net.
Oth. tnc.
Charges.
B al., sur.
1900 0 1 ... $8,840,857 $3,427,913 $77,087 $2,o54,983 $1,450,017
From surplus as above w ere p aid in 1900-01 div. on K an C. Ft. S.
& Mem. pref. (8 p. c.), $ 2 1 9 ,9 8 4 ; div. on com m on (4 p c.), $ 39 5,9 2 0;
int on K. C M & B. incom es (5 p .c.), $316,863; charged off, 63,032;
leavin g nal surplus of $454,218. In 1899-Ou $190,118 w as paid on
Kan. C. M. A B. incom es, leavin g a surplus ov e r all o f $83.735.—(Y. 73,
p. 1264; Y . 7 4, p. 94, 205, 477, 577, 728, 936; V. 75, p. 134 )
K a n s a s C it y M e m p h is 6c B i r m i n g h a m B B . —See Kansas
City F ort Scott & Memphis R y. above.—(V. 74, p. 477, 829 )
K a n s a s C iiy M e x ic o 6c O r i e n t B B . —(See M a p .)—P rojected
to extend from Kansas City, M o., to P ort Stilwell, M ex., on the Gulf
o f California, about 1,500 miles. In June, 1902, w ork was in p rog­
ress along the entire distance from Kansas City. M o., to Sweetwater,
T e x , about 650 miles, and about 200 m iles in M exico, but o f the
latter about 50 miles east from Chihuahua com pleted; track-laying
was in progress in Kansas, Texas and M exico, and it w as exp ected the
entire road w ould be com pleted within three years. See C h r o n ic l e
o f July 2 8 ,1 9 0 0 . The hihuahua A P ac., com pleted from Chihuahua
to Minaca, 125 m ., w ill be used as the southern portion o f the line,
under a ten-year trackage agreem ent, the concessions fo r building the
uncom pleted portions o f the line (see Y. 71, p 181) having been trans­
ferred to this com pany. V. 73, p. 662. See C & P. statement.
The Kansas City terminals, to cost about $2,000,000 with fou r tracks,
tw o for steam and tw o fo r electric traffic, and tw o bridges, w ill give
direct connection with practically every road entering the city except
the Chicago A Alton. The Kansas City Outer Belt A E lectric RR. was
incorporated with $1,500,000 stock to provide the terminals
S e c u r it ie s .—The com pany is to issue the fo llo w in g stock an d bonds
to cov e r each m ile o f com pleted road and equipm ent, viz.: $22,500,
first m ortgage 4 per cen t gold bonds, running fifty years from their
date, interest payable sem i-annually (but p rob ab ly incom es fo r the
first three years) and $20,< Oo per m ile each in com m on and non-cumulative 4 per cent preferred stock, and in addition $2,500,000 bonds
fo r extra w ork in the Sierra M adre Mountains. President, A. E. Stil­
w ell.—(V. 72, p. 1080, 1237; V. 73, p. 82, 662; V. 74, p. 1038, 1251.)
K a n s a s C ity N o r t h w e s t e r n B B * —Road Kansas City to Vir­
ginia, Neb., 162 miles, o f w hich Seneca to A xtell, 11 miles, and South
Leavenw orth to Leavenw orth, 1 m ile, are trackage, and 20 miles,
Summerfleld to Virginia, was form erly the Kansas City A Beatrice.
Branches, 12 miles. Total, 174 miles. A reorganization o f the K. C.
W yandotte A N. W., foreclosed Jan. 5, 1894. V. 59, p. 152. Entire
stock, $4,016,000 (par $100), and $2,983,000 “ B” bonds w ere pur­
chased in N ovem ber, 1900, b y Mo. Pac. Ry.
B o n d s .— Of the $1,016,000 bonds, $900,000 are series “ A ,” “ pre­
ferred” as to principal and interest, and are redeem able at 105.
E a r n in g s .—For year ending June 30, 190 L (on 174 miles) gross
$426,877; net, $109,591; other Incom e, $1,441; deductions, $78,636;
balance, surp , $32,396. In 1899-0, gross, $415,709 —(V. 71, p. 1120.)
K a n s a s C ity s o u t h e r n K y —(See M a p .)—Operates a line ex­
tending from Kansas City, M o., to Port Arthur, T ex., (thence by its
ship canal 7 miles to deep w ater on the Gull o f M exico), w ith branches
and exten sive terminals used b y various roads entering Kansas City.
L in es owned—
Miles. I Lilies owned—
Miles.
Kansas City, Mo., to B elt J e t.. 12 |Branches to F ort Smith, De
Grand View , Mo., to P ort A rI Q dney, La., e t c ...................... 45
thur, T e x ....................................765 | Trackage—To Gr’ d V iew , Mo. 11
T otal.............................................................................................................833
reorganization o f the Kansas City Pittsburg A
Gulf R R ., foreclosed Mar. 19, 1900, per plan V. 69, p. 1012,1062.
In Oct., 1900, con trol becam e vested in the H arrim an syndicate.—V
71, p. 913, 963. Geo. J. Gould is Vice President. Clear title to the
Kansas City Suburban B elt and other terminal properties was ac­
quired in Deo., 1901 and Jan., 1902.—(Y. 73. p. 1356; V. 74, p. 94.)
V o t in g T r u s t .—B y modified plan both classes o f stock w ill he vested
for five years in the follow in g votin g trustees: E. H. Harriman, Geo.
J. Gould, Otto H. Kalin, John W. Gates. Herman Sielcken, Louis Fitz­
gerald and James Stillman. The votin g trustees m ay, in their dis­
cretion, deliver the stock at an earlier date.
L a t e s t E a r n in g s .— 11 ) 1 901-2.Gross, $5,096,715; net, $1,623,204
mos., July 1 to May 31. \ 1900-1.Gross, 4,484,586; net, 1,217,514
F or 6 mos. ending Dec. 31, 1901, net over taxes, $807,037, against
$515,645 in 1900; Kansas City Suburban Belt, net results, $77,905;
fixed charges, $396,874; bal., sur., $488,068.
O r g a n i z a t i o n .— A

R A ili± v O A D

July , 1903.]

STOCKS

AND

77

BONDS

Marshfield.
Merrillan,

I N

S

Lglas

f

, Fond dn Ls

Calmar

Manly

ilw u ee
ak

Madison'

Sioux City-

Wa'uke.sha'

Montfort

lelmond

•ubuque

Fonda
Waterloo.

Ft. Dodge

Freepoi
ik £ q r d (

MarsEalltow

orfolk%
’ \k\Onawa*

Des Moines

'•Davenport
-Rock Island
Muscatine,

ouncil/BlufTs.
Ottumwa
rand Islan<

ihenandoah

■incoln

Ambo;

Streator/
F/7 '
E
P e o r ia

Burlington Jc. /
ng^TDarlington
A / T / C Trenton

airbury'

L^DsCnyiile'
Jackson ville/^
;oodhouse

yC uba'

Moberly

T erre .Haiti

Pana:

Clark

Itamont,

RAND VI
W ll

TOPEKA
it L in e

!t. Louis

edalia
Clinton

Versailles

tv ir la n i
-H orton /

Madison

mceniles)

JE FERSON CY,

Amsten
Aihoret

utchinsoj

—

SPRINGFIELJ

Louisiana)

Tollton

Beloit
Miltonvale

iecatu:

Cuba
Richland,

Scott

Wichita'

Osceola

srson

Shawneetown

Bismarck

Dekovi
infield

PRINGFIELD

NEOSHj

Medford

Goodma
Anderso

NAGAN

'Cairo,

^ Willow Sprs,
Chadwick

onett

•nville

Delta
VPaducaJ
[Belmont

Williamsville
Doniphan 0

'Fulton

N
Seligma
Eureka Spring;

Knobel

R S P R IN G S

iRives
'aragould

H o x ie V v
S P R IN G S

GUTHRIE

Martin'

Milan]

■ S t Paul

i t /N
N
y ‘v
fejf
S Newport\\ s | 1// JacksonM^/ / /
\ y /
SPIRO I

t

Dicks,On

c
( Perrj/Ville

Middletoi

Shady Point*
POTEAu
HOWE

Florence

Houston

■lly Springs

lThomagville

|MENA
,
A H a ificld ^

Tuskahornma/^

LITTLE ROCj

New Albany
Coahoi ia
/

u J ansae a

T /O r / y

.U W ickes

i^GrannlafJ

/Atoka

<

Malvej
Pine Bluff.

^ a G llI h a m
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,

Wlehlta Fallu

H O R A tloB

M o r ris F i r r y a

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Parts J<o

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w h lx o N y f

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Warren
len

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IACK8 0 N

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VUyfHti

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ICTOTi

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BATON HOUGL

R fo m k ie
tk u

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ARTHUR

A u io r ji#
M o r g a n « My f\ ]
T oa k tu n
a lv e s to n
K enedy

INVESTOKS' SUPPLEMENT

7 8

[You L X X V .

Su bscribers w i l l c o n fe r a g re a t fa v o r by g iv in g Im m e d ia te n o tice o f a n y error d isco v ere d In tb ese T a b le s.
Bonds—
Princi­
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal,When Due.
Amount
of
Par
For explanation of column headings, &c., see notes
of
Rate per When Where Payable, and by Stocks—Last
Road. Bonds Value. Outstanding
on first page o f tables.
Whom.
Cent. Payable
Dividend.
RAILROADS.

Kansas City St. Joseph J Council Bluffs —See C h ic . B u r l , & Qui NCY.
Kan. City Suburban Belt—See K ansas Cit y South ern R Y.
98 1890 $ & £
Kansas City Watkins & Gulf—1st mort., gold ..F .c*
Kentucky Central—See L o u is v il l e & N a s h v il l e .
- » . 1881
K en dc I. Br. cC RR. - K . & I. B. 1 st M., g , assumed..
. . . . 1900
1,000
1st consol, mortgage, $2,500,000, gold .......... S.o*
162
K eokuk <t Des Moines—Preferred stock, 8 per cent
....
100
162 1878 100 &c.
1st mortgage, interest guar. C. R. I. & P ............. c*
. . . . 1869
1,000
K eokuk < Hamilton Bridge—1st m ortgage -........ c
&
1,000
Kewaunee Green Bay < Western—lstm ortg a g e.F .o . . . . 1891
£
113 1882
1,000
Kingston £ Pembroke—1st M., gold ............................
69 1885
1,000
Knoxv. < Ohio—1st M., gold, guar, by rent.Ce.c*<fcr
&
Lake E rie Alliance < Wheeling—1st M., $2,000,000
&
1901
L a k e E r ie & W estern —Com. stock, $20,000 p. m. 725
100
m
100
Pref. stock, 6 per cent (not cum.) ($20,000 p. m .). 725
725 1887
1,000
1st mortgage, ($10,000 per mile) g o ld ........ Ce.o*
2d mort., for $3,625,000 ($5,000 p. m.) gold.C e.c 725 1891
1,000
L a k e Shore & M ich ig a n S ou th ern —8tOCk........
....
100
„ __„ m
Guar. 10 per cent stock (Mich. So. & No. Ind.) ...
100
1,000
Consol. 2d mort.
do
.............................. c&r 859 1873
M ortgage, $50,000,000, g o ld .U s .................c*«fcr 1,000 1897 1.000&C
Detroit Monroe & Toledo 1st mortgage, gu a r...c
55 1876
1,000
Kalamazo & White Pigeon 1st mort.. gu ar.U n . .c
37 1890
1,000
41 1889
Bat. Cr. A Stur. 1st M „ g.,guar. p. & i.(see M.Cen.)
1,000
Sturgis Goshen & St. L. 1st mort., g., p. & i. guar.
36 1889
Kal. Allegan & Gr. Rapids stock, rental guar.......
58
100
1st mortgage, guaranteed. U n ...........................c
58 1888
1,000
Erie & Kalamazoo (l’ sed) st’k, Toledo to Palmyra
26
50
•••r

$1,967,400

5 g. J. & J.

See V. 73, p. 32.

Jan. 1, 1930

1,000,000
Louisville.
March, 1911
5 g. M. & 8.
See text.
4 g A. & O. N. Y.,8tandardTrust Co. Apr. 1, 1950
1,524,600 See text. See text N Y., Office, 13 Wm. St. sent. 1 /0 1 . 1%
2,750,000
5
A. & O.
do
do
Oct. 1, 1923
1,000,000
A. & O 62 Cedar St. As earned. April 1,1899
8
378,000
5
J. & D. N Y ., Office 40 Wall St. June 1, 1921
572,000
Jan. 1, 1912
3 g. J. & J. N. Y., 45 Broadway.
2,000,000
J. & J. N. Y., J. P. Morgan & Co. July 1, 1925
1,300,000
I g ' P. & A.
11.840.000
11.840.000 4 in 1902 J. & J. N. Y. Office, Gr. Cen. Sta. July 15/02,2%
7,250,000
5 g- J. & J. N. Y., Chase Nat. Bank. Jan. 1, 1937
do
do
July 1, 1941
3,625,000
5 g. J. & J.
z 49,466,500 7 in 1902 J. & J. N.Y.,Grand Cent. Stat’n July29,’02,31
e
533,500
10
F. & A.
do
do
Aug. 1 ,’02, 5%
6,312,000
7
J. & D.
f Dec. 1, 1908
43,119,000
3 ^ g. J. & D. Coupons at Grand | June 1, 1997
F. & A.
924,000
7
Cent. Sta’n, N. Y. j Aug. 1, 1906
400,000
J. & J. Registered int’ st on ] Jan. 1, 1940
5
79,000
2ds by Un. Trust; ] Dec. 1, 1989
3 g. J. & D.
322,000
on new 3^8 b y | Dec. 1, 1989
3 g. J. & D.
A. & O.
610,000
5-95
U. S. Trust, N. Y. | Apr., 1902
840,000
5
J. & J.
l July 1, 1938
10
300,000
F. & A. N.Y.,Treas., 24 Thomas. Aug., 1902,5%

z N. Y . Central holds $45,289,200 o f this.
B eport for year ending June 30, 1901, in Y. 73, p. 1310, on 833
miles, n ot including tlie Kan. City Suburban Belt RR. or allied
properties, showed:
Tear.
Gross.
Net.
Taxes.
Charges. Bal., sur.
1900-01.......... $4,753,066 $1,384,186 $114,600 *790,902 $478,683
1899-00.......... 4,118,763
792,749
....................................................
The net earnings in 1900-01 o f the Kansas City Suburban Belt RR.,
operated separately but accruing to the Kansas City Southern, were
$183,813; total, $662,496.
D ir e c t o r s . -P re s ., Stuart R. Knott: Vice-Pres., G. J. Gould; J.
W. Gates, John Lambert, o f Chicago; Edward H. Harriman, Otto H.
Kahn, Edwin Gould, Laurence Greer, H. P. Wertheim and Herman
Sielcken of New York; John J. Mitchell, o f Chicago; Julius S. Walsh,
H. C. Pierce, of St. Louis.—(V. 73, p. 616, 723, 1 2 0 6 , 1207, 1 3 1 0 ,
1356; Y. 74, p. 94, 577, 630, 680.)
K a n s a s C ity P itts b u r g & G u lf R R . —See K. C. Southern Ry.
K a n s a s C ity St. J o se p h & C o u n c il HI u lis R R . —In 1900
absorbed by Chicago Burlington & Qulncv.—(V. 70, p. 1048.)
S t. T o n is I r o n M t. & S o u th . R y .—See Mo. P a c . R y . S y s t e m .
K e n t u c k y & I n d ia n a R r ld g e & R a ilr o a d C o .—Owns steel
cantilever bridge over the Ohio R iver at Louisville and 5 miles o f rail­
road between Louisville, K y., and New Albany, Ind., and 5 miles of
belt line in L ou isville; also owns Louis. & New Albany Ferry Co.
and Louisville & N. Albany Street Car Co. Successor Jan. 31,1900, to
Kentucky & Indiana Bridge Co., purchased in foreclosure subject to
the $1,000,000 first mortgage. The Southern Ry., Balt. & Ohio South­
western (B. & O.) and Chicago Indianapolis & Louisville own the
$75,000 capital stock, and pay monthly, in proportion to cars handled,
any deficit in operations. Of the $2,500,000 first oonsol. 4s, $1,000,000 are reserved to retire the old 5s at maturity and $500,000 for im­
provem ents and betterments. Y. 71. p. 492.
E a r n in g s .—For year ending Dec. 31, 1899, gross, $278,610; net,
$120,885. President. W. H. McDoel; Sec. and Treas.. H. V. Heazlett,
Gen. Mgr., B. 8. Josselyn.—(V. 70, p. 1249; V. 71, p. 29, 287, 342.)
K e n t u c k y W e s t e r n R y .—(Y. 73, p. 957, 1264; V. 74, p. 94, 775.)
K e o k u k A D es M o in e s R y .—Owns from Keokuk, la ., to Des
Moines, la., 162 miles. Leased for 45 years from October 1,1878, to
the Chicago R ock Island & Pacific Railway, the lessee to pay 25 per
oeBt of the gross earnings, but guarantees the interest (not the prin­
cipal) on the bonds. Stock is $1,524,600 8 per cent preferred and $2,600,400 com m on (par $100), a m ajority of which is held by the lessee.
D iv id e n d s .— ) 1893.

1894. 1895. ’96 t o ’98. 1899.
1900. ’ 01.
On pref. p. o. 5 2-4 95 cts. 90 cts.
None.
50 cts. 50 cts. 1 .
Rental: In 1895-6, $139,521; in 1896-7, $137,500; in 1897-98, $144,
855; in 1898-9, $144,875; in 1899-00, $159,068.—(V. 68, p. 772.)
K e o k u k & H a m i l t o n R r l d g e C o .—Owns bridge across Mis­
sissippi River at Keokuk, la., for railroads and fo o t passengers. The
property was originally leased to four companies, but only tw o com ­
panies now use it, these being the Toledo Peoria & Western and the
Wabash Regarding guaranty see V. 59, p. 969. On judgm ent o f
1889 $203,000 has been collected; on judgm ent of 1894, $142,000;
in A pr , 1901, $142,000 was awarded. V. 72, p. 821. Stock, $1,000,000; par, $100. Coupons are in default, but mortgage has never been
foreclosed, and part o f overdue interest is paid as earnings permit.
Last coupon paid was first half of No. 40, due Apr. 1,1889.
E a r n in g s .—Y ear ending June 30, 1901, gross, $32,612; net, $19,548; total deductions, $22,480; bal., del., $2,932. In 1899-0, gross.
35,768; net, $22,279. President, Andrew Carnegie; Treas., Theoore Gilman, 62 Cedar St., N. Y .—(V. 71, p. 135; V. 72, p. 821.)
K e o k u k Ac W e s t e r n R R . —In 1899 acquired by C. B. & Q.

t

K in g s t o n Sc P e m b r o k e R y .—Owns from Kingston, Ont., Can., to
R enfrew on the Can. Pac., 104 miles; branches. 9 miles In 1899 was
reorganized per plan in V. 67, p. 274, by which $1,000,000 (par
$50) first pref. 5 p. C. non-cum. stock (V. 67, p. 1309; V. 68, p. 130)
and $150,000 second pref. 3 p. c. stock issued, floating debt paid and
interest on bonds reduced to 3 p. c. In Aug., 1901, the Canadian Pac.
Ry. purchased control. (V 73. p .4 4 5 ,1160.) Com. stock, $2,500,000; par
$50; issued, $2,250,000. First div. on 1st pref., 1 p. c., paid April 2,
1901.—V. 72, p. 480. Year ending Dec. 31, 1901, gross, $164,286;
net, $23,993; int., $17,160; balanco, surplus, $6,833.—(V. 68, p. 130,
927; V. 72, p. 338, 480; V. 73, p 445, 1160.)
K n o x v i l l e «fc B r i s t o l R R . —Morristown, Tenn., to Corryton via
Tate Springs (Bean Station), 40 miles. Road when completed to e x ­
tend from K noxville via Corryton and Bean Station (including 29
miles of present line) to Bristol, 120 miles, with branch Bean Station
to Morristown (remainder of present line). Reorganization of M or­
ristown & Cumberland Gap RR. sold under foreclosure in Feb., 1898.
V. 66. p. 810. Stock authorized. $1,000,000. In Apr., 1898. made a
m ortgage to secure b'>nds to be issued at $20,000 per mile. President,
H enry J. Braker, 100 William Street, New York; Treas., J. B. Foster,
Providence, R. I.—(V. 66, p. 810.)

K n o x v ille A O h io R R . —Owns K noxville, Tenn.,to Jellioo.Tenn.,
and branch, 69 miles. Stock, $1,122,200; par, $100. Southern Ry,
owns *1,118,300 of the stock, o f whioh $1,111,300 is pledged under
its consolidated mortgage o f 1894. Earnings not reported separately.
T a k e E r i e A llia n c e A W h e e lin g R R . —Phalanx, O., on the
Erie RR., to Bergholz, 61 miles; extension from Bergholz to Dillonville, 27 miles, all graded in Mar., 1902. A consolidation o f the Ohio
River & Lake Erie and Alliance & Northern railroads. Owned by
the Morris-Garfield syndicate. (V. 73. p 184.) Stock authorized,
$2,000,000. Bonds, see table above. For year ending June 30, 1901,
gross earnings, $85,*54; net, $21,806. President, C. Morris; VicePresident, John E. Newell; Secretary and Treasurer, J an es R. Gar­
field, Cleveland, O. Oflice, Alliance, O.—(V.73, p. 184, 784.)

T a k e E rie
A
W e s t e r n R a ilr o a d ..—R o a d —Owns San­
dusky, O., to Peoi la, 111., 420 miles, and branch to Minster, 10 miles;
Indianapolis to Michigan City, 162 miles; Fort Wayne to Connersville
and branch to Rushville, 133 miles; total owned, 725 miles, of whioh
701 steel; leased from Oct. 1,18 95 , the Northern Ohio RR., A k r on to
Delphos, 162 miles; total operated, 887 miles.
H is t o r y , E t c .—Formed in 1887 after foreclosure o f the Lake E rie
& Western Bailway. (See Y. 50, p. 590.) In 1899, control passed to the
Vanderbilts, and on Jan. 1,1901, the Lake Shore & Michigan Southern
owned $5,940,000 com m on and $5,930,000 pref. stock. V. 71, p. 1269.
Drv. s i n c e ’ 89 (1 8 9 0 ’ 91 ’ 92 ’ 93 ’94 ’ 95 ’96 ’97 ’98 ’99 ’00 '01
’02.
on pref.—
( 4%
4 4% 5
5 5 5 5 5 0 2 4
4
Dividends suspended in 1899 on account of advances to Cleveland <
fc
New Castle Ry., were resumed in July, 1900.—V. 70, p. 1291.
B o n ds .—Abstract o f first mortgage in V. 46, p. 45; of 2d m ortgage in
V. 54, p. 444. Guarantees $2,500,000 5s Northern Ohio, which see.
E a r n in g s .—For 6 mos. ending June 3 0,1 90 2 (partly estimated):
6 mos
Gross.
Net
Charges. Div.on pref. Balance.
1902 ............. $ 1.220,746 $575,970 $334,375 $236,800 sur. $4,795
1901............... 2,225,943
493,177
3 3 4 ,3 7 5
236,800 def.77,998
A n n u a l R e p o r t .—Annual report for 1901 was in V. 74, p. 827.
Year end. Dec. 31.
1901.
1900.
1899.
Gross earnings....................................$4,533,204 $4,475,712 $3,787,301
Net (incl. other incom e)................... 1,380,928
1,591,734 1,634,188
Deduct ta xes....................................
206,983
197,335
195,879
Interest on b o n d s .......................
543,750
543,750
543,750
No. Ohio int. guar..........................
125,000
125,000
105,000
D iv id e n d s.........................................(4)473,800 (4)473,600
......
Balance, s u rp lu s ..................
$31,596
$252,04
*789,559
- ( V . 72, p. 675, 8 1 9 , 1237; V. 73, p. I 2 6 o ; V . 74, p. 8 2 7 ,1 3 5 5 .)
T a k e Sk ore A M ic h ig a n S o u th e rn R a i l w a y . - f t o Map
N. Y. Central.)—Operates from Buffalo to Chicago with branches. The
main line (540 miles) includes 26 miles between Toledo and Palmyra,
Mich., under lease from the Erie & Kalamazoo.
Road owned directly.
Miles.
Leased, [Fsee this Co.]
Miles.
98
Buffalo, N. Y „ to Chioago, H I..540 Kalamazoo A. & G. R ............
51
Sundry branches........................ 327 Jamestown & F ran klin .........
Central Trunk.........................
5
Entire stock owned.
Detroit & Chioago (see below ). 26 Mahoning Coal R R .................
47
Detroit Monroe & T oledo......... 55 Erie & Kalamazoo (26 m .)___Text.
Kalamazoo & White P ig e o n ... 37 Detroit Hillsdale & 8 . W ...tf
65
98
Northern Central Michigan— 61 Fort Wayne & Jackson....... if
11
Sturgis G. & St. L ........................ 36 Elkhart & W estern.................
Grand tot. oper. Jan. 1 ,’01.1,411
Of the main line 513 miles has double track. B y control o f “ Nickel
Plate” the Lake Shore has still another line from Buffalo to Chioago.
Operates Dunkirk Allegheny Valh y & Pittsburg, Dunkirk, N. Y , to
Titusville, Pa., 91 miles, since Oct 1.1901, fo r account of New York
Central —(V. 73, p 663 ) In Feb., 1902, the u. 8 . & Mich. 80., together
with the Michigan Central, took over the operation of the Detroit
Toledo & Milwaukee R R , Allegan to Detroit, Mich , 200 miles. V. 74,
p. 379. As to contract with Mahoning Coal Ry. for double-tracking
part of line, see V. 74, p. 680.
O r g a n iza t io n , &c . A consolidation on Aug. 16,1869. The N. Y. Ch. A
8t. Louis (Nickel Plate) road has been controlled by ownership of
stock since 1882, Lake Shore now owning $6,240,000 o f its oommon.
$6,275,000 o f its 2d preferred and $2,503,000 o f its 1st preferred stock.
The company also controls and leases the Mahoning Coal HR. [see Lake
Shore “ System ” below] and owns (besides the entire stock 01 the pro­
prietary lines) $2,050,000 Pittsburg & Lake Erie stock. N. Y. C. < H.
6
R. RR. in 1899 had acquired over nine tenths of the capital stock of
the Lake Shore, as stated below.
In 1900 the com pany purchased $11,224,000 o f the $27,989,310
Cleveland Cin Cliio. & St. Louis com mon stock and $5,940,000 of the
$11,840,000 common and $5,930,000 of the $11,840,000 Lake Erie &
Western preferred stock, being the entire holdings of the Vanderbilt
roads in these companies, the whole at a cost of $12,958,08^:, of which
$6,958,082 was paid from suiplus earnings in 1899 and 1900, and
$2,000,000 in 1901, leaving $4,000,000 to be paid in the future.—V.
71, p 1269; V. 72, p. 870.

SiAILROAD

J u ly , 1902 |

STOCKS

AND

7f>

801108.

INTEREST
|line Bomts—Princi­
Miles Date 8ize, or
pal, When Due.
Amount
When
of
Par
F or explanation o f column headings,&o., see notes of
Outstanding Rate per Payable Where Payable, and by Stocks—Last
Whom.
Road. Bonds Value.
Cent.
Dividend.
on first page o f tables.
RAILROADS.

43
Lake Short System—Mahoning Coal RR.—Stock—
43
Pref. stock, see tex t....................................................
43
1st M., Youngs to And., etc., guar. p.&i. (end).Tine
20
L .S u pd Ishpem. Ry.—1st M.,$ 1,200.000 e-.s.f.F c
16
L.TahoeRy d T r.U o.-t 3tM .,g.,$500,000s.f.,beg.’05
3
Leavenworth Terminal Ry. & Bridge—1st M., g.Ge.
42
Lehigh d Hud. River—1st M.,g.,int.red’ o’dto5p.c.O e
63
2 d mortgage, gold .......................................................
15
Warwick Valley 1st mort., extended in 1900.C e.
22
2 d m ortgage.C e.......................................................
63
L .A Hud. R Gen.M. $3,000,000, g. (see text) Ce.c*
Lehigh d New Bngl'd—\st M ., $1,000,000, gold V p __
15
North’ton, IstM ., g „ $300,000, gu., red. lu 5 .F P c*
Lehigh. V alley—Stuck ($106,300 is 10 p. C. pf.)GW
1st mortgage, o. and r.. ext. in gold In 1 8 9 8 ..G P 101
101
2 d m ortgage............................................................... r
Consol, m ort.,) coup. & reg., $4,762,000 4i©S-C<fcT 4 6 1 1
$40,000,000.) annuity, $2,538,000 are 4i© 8.F P
Mtge. and Coll. Trust, g., call at 107i©.. -G P.c*&r . . . .
Coal purchase bond, 2 series (V. 74, p. 2 1 0 ).......
Lehigh & N. Y ., 1st M.. g., guar. p. & 1. Mp...c*<fer 117
Leh. Val. of N.Y., 1st M „ g., gu.p. A i. (end.)GPo*<fcr 283
31
Leh. Val. Ter., 1st M., gold, gu. p. & i., end.Ce.c*<fcr
60
Easton & A m boy,1st M.Easton to P.Am boy, gu ..
12
Easton & No., IstM ., gold, guar.byL.Val.GPcLfer
22
Middlesex Valley, 1st mort., $600,000, gold. Ce.c"
Penn. A N. Y. Can. & RR.—1st m., en d ors.. .c*<fcr.
Consols (seetext) guaranteed p .A i.(e n d .).G P r
Elmira Cortl’d & No. 1st pref. mort., gold..C e.c* 119
1st M., gold, guar. p. & i. (end.). C e .................... 119
Cana.No.lstM.,g.,gu.p.<fci.byE.C.&N. (V.66,p.82) ’ " “ "

1884
1896
1901
1893
1881
1887
1879
1881
1890
1895
1902
1868
1870
1873
1873
1897
1901
1895
1890
1891
1880
1895
1892
1866
1888
1884
1884
1886

$50 $1,500,000 10 in ’01 F. & A. N. Y., Gr’ d Cent. Stat’n.
J. & J. N. Y., Union Trust Co.
50
661,850
5
do
do
1,500,000
5
J. & J.
1,000
645,000
6 g. J. & J. N.Y.. Farm. L. A Tr.Co.
1,009
1,000
300,000
5 g. A. & O. San Fran. Merc. Tr. Co.
600,000
1,000
5 g. J. & J. N. Y., Central Trust Co.
1,000
800,000
5 g. J. & J. ] N. Y., Nat’l Exeh. f
1,000
164,000
5 g. J. & J . ! Bank, and F irst]
145,000
4i© A. & O. ( N a t i o n a l Bank,
500 &0.
A. & O. | W arwick, N. Y.
240,000
6
500 &0.
I
1,124,000
1,000
5 g. J. & J.
431,000
1.000
5 g. J. & J. Phila., 927 Chestnut St.
do
do
1,000
300,000
5 g. J. & J.
50 40,441,100
5,000,000
1,000
4 g. J. & D. Reg.atoifice; cp.Bk.N.A.
M. & 8. Phila. Of., 228 So. 3d St.
1,000
6,000,000
7
1,000 10,400,000 4t© A 6 J. & D. Reg.at offlce;ep.Bk.N.A.
1,000
12,600,000 4i© & 6 J. & D. Phila.. Of.,228 So. 3d St.
7.900.000
1,000
Philadelphia.
5 g. M. & N.
1.215.000
M. & 8. Phil.,Leh. Val.Of. & N.Y,
2,000,000
1,000
4 g.
4i©g. J. A J. N.Y.,Merch.N. Bk.&Ph.
1,000 15,000,000
do
do
1,000 10,000,000
5 g- A. A O.
6,000,000
5
M. A N. Phila., Of., 228 So. 3d St,
1,000
51.000
4i©g. M. A N.
do
do
500 Ao.
1,000
375,000
5 g. M. A N. N. Y ., Central Trust Co,
1,000
1,500,000
7
J. A D. Phila., Bk. N. America,
8,500,000 4, 41©, 5 A. A O. Phila., Lehigh Val. RR,
1,000
750,000
do
do
1,000
6 g. A, A O.
do
do
1,000
1,250,000
5 g. A. A O.
300,000
do
do
6 g. J. A J.

In .Jan., 1902, purchased $4,4 3 t,200 of the $5,000,000 stock of the
Indiana Illinois & Iowa RR., operating line from Seatonville, 111., to
St. Joseph, Mich., 306 miles. V. 73, p. 1356; V. 74, p. 41. In 1901
purchased from surplus earnings $3,2t 0,000 Lehigh Valley RR. stock
at a cost of $1,920,000. V. 74, p. 879.
D i v i d e n d s — Since) ’89 ’ 90 ’ 91 ’92 ’ 93-97 ’ 98 ’99 ’ 00 1901 1902
1888.
P. Ct. \ 5
5 6hj 6% 6 y ’rly 6i© 7 7
7
7
The consol, m ortgage of 1897 (Uniled States Trust Co., N. Y ., and
John T. Dye of Indianapolis, Ind., trustees,) is for $50,000,000 of 3 \
per cent gold bonds, tax free, authorized to retire the several issues of
7s maturing from 1898 to 1903 (see a b s t r a c t in V. 64. p. 1 1 8 2 )
amounting to $43,192,000, and the balance, $6,808,000 for use in re
funding said bonds and for general purposes of the com pany. The
mortgage covers 829-54 miles of main line and branches—a consid­
erable portion being double tracked—and 181T1 miles of leased lines.
To D s o . , 1901, $43,119,000 of 3^8 had been listed.—V. 66, p. 1140; V.
68, p. 1182; V. 73, p. 1264.
G u a r a n t ie s .—As to guaranties additional to those shown in table
above see Detroit Hillsdale A S. W. and Fort W ayne A Jackson.
G e n e r a l F in a n c e s .—Nothing has been charged to construction or
equipment account since 1883, the outlays charged to operating ex­
penses for new equipment amounting in 1901 to $3,589,079 andin 1900
to $2,267,825, and for construction to $729,257 in 1901, against
$711,718, these items being exclusive of expenditures for renewals.
Profit and loss surplus Jan. 1, 1902, $14,794,667. Low grades permit
large train loads : average for 1901, 530 tons, against 455 in 1900.
In Jan., 1902, $36,880,000 of the $43,192,000 7 per cents due in 1903
and earlier, and outstanding in June, 1897, had been retired and
$43,119,000 new 3hiS issued, fixed charges being reduced $1,072,435
perjannum, or over 2 per cent on the capital stock.
In Feb., 1898, a majority of the capital stock was purchased by the
N. Y. C. A H. RR., which gave in exchange its 3 ^ p. o. bonds at the
rate of $200 in bonds for $100 in stock. V. 66, p. 288. In Deo , 1901,
$45,289,200 stock had been exchanged. V. 69, p. 1237.
E ar n in g s .— For 6 mos. ending June 30 (1902 partly estim ated):
6 mos.
Gross.
Net.
Other m e. Int., tax, etc. Bat., sur.
1 9 0 2 .. . $14,08",000 $4,377,100 $780,000 $1,620,‘ 00 $3,587,000
1 9 0 1 .. .. 13.690,219
4,75*,422 664,500
3,(54,500 3,764,4'.2
Dividei ds of 3\ per c< nt call f< r $1,731,328 for the 6 months
A n n u a l R e p o r t .—For 1900 was in V. 72, p. 8 79 ; see edi*. page 8 i 4.
T e a r e n d . Der. 3 1 —
19 01 .
1! 0 0 .
1899.
Total g ro s s e a r n in g s ............ $ 2 9 ,2 7 2 ,6 7 5
$ 2 6 ,4 6 6 ,5 ! 4
$ 2 3 ,6 1 3 ,9 4 6
O per. e x p . & t a x e s ............... 2 0 , 2 1 0 , 2 2 9
1 7 ,3 0 7 ,7 9 5
1 5 ,8 3 2 ,1 4 6
N et e a r n in g s ................... $ 9 ,0 6 2 ,4 4 6
$ 9 ,1 5 8 ,7 1 9
$ 7 ,7 8 1 ,8 0 1
Net, in cl. oth . i n c o m e . . . .
1 0 ,3 9 1 ,7 : 0
9,908,3-iO
$ 8 ,1 5 7 ,8 5 7
R en tals p a id ..............................
9 1 6 ,6 0 5
9 2 3 ,2 4 7
7 3 2 ,4 8 3
In te re st on d e b t......................
2 ,2 6 6 ,6 5 6
2 ,2 7 3 ,3 1 2
2 ,3 1 4 ,7 5 3
D lv td ’ s o n g u a r, s t o c k ..........
5 3 ,3 5 0
5 3 ,3 5 0
5 3 ,3 5 0
D iv id en d s................................. (7 )8 ,4 6 2 ,6 5 5
(7 )3 ,4 6 2 ,6 5 5
(7 )3 ,4 6 2 ,6 5 5
$ 3 ,6 6 2 ,4 7 0
$ 3 ,1 9 5 ,7 7 6
$ 1 ,5 9 4 ,6 1 1
SurDlaa o v e r d lv s ................
- ( V . 7 3 , p. 1 2 6 0 , 1 2 6 4 ,1 3 5 6 ; V . 74. p. 3 7 9 ,4 7 8 , 6 8 0 , 8 7 9 , 1 0 8 9 ,1 3 5 5 .)
L a k e S h o r e S y s t e m . —M a h o n i n g G o a l R R . —O w n s from
Y o u n g s to w n to A n d o v e r , O ., a n d b r a n c h , 50 m ile s. L e a s e d in per
petu ity fo r 4 0 p e r c e n t o f g ro s s e a r n in g s to L a k e B h ore, w h ic h J a n . 1,
1 9 0 0 , o w n e d $ 8 6 5 ,9 0 0 c o m m o n a n d $ 3 9 9 ,5 0 0 p r e fe r r e d s to ck .
D ividends ,— ) 18 89 , ’ 90. ’ 9 1 . ’ 9 2 . ’ 93. ’ 94. '9 5 to F e b ., 19 02 .
On com m on.
5 4>©%
5
4>© 8hs 8
8 10 < F eb .7 % ,A u g . 3% )
T h e p r e fe r r e d s to ck c e rtific a te s a re 5 p. o. g u a ra n te e d an d co n ta in
a clau se m a k in g thorn re d e e m a b le at p a r at o p tio n o f c o m p a n y .
For y e a r e n d in g J u n e 8 0 , 1 9 0 1 , r e n ta l, $ 4 6 2 ,5 2 0 ; su rp lu s o v e r in t.
and 10 p. c. on co m . an d 7 p. o, on p rer., $ 1 5 6 ,8 5 8 .— (V . 66, p. 8 9 7 . )
L a k e s u p e r i o r Ac I * h p e r n I n g R y , —M a r q u e tte to Is h p e w tn g ,
M ich., 2 0 m iles: lea ses, 1 m ile; to ta l, 21 m iles. S to ck , $ J ,0 0 0 ,0 6 0 ;
p er or shares, $ t 0 0. B on d s are s u b je c t to c a ll fo r the sin k in g fu n d b v lo t
a t 105 a o d In terest. Y ea r en d in g Dec. 31, 18 90 , $ 1 6 9 ,6 3 8 ; n et, $ 1 0 ,197; ta x e s , $.’>,0851. P r e sid e n t, W m . O. Mather, ( lev ela in l, O . a ,
W. G. P o llo c k . O ffice, C levela n d , 0
( V. 7 8 , p, 1 2 0 7 ; V. 7 4 , p. 1252.)
L a k < T a h o e I t y At T r a n s p o r t a t i o n G o . —T r n r k e e to Talm i
•
Gai , narrow g a u g e , o p e r a te d during to u r is t s e a -o n fr o m M a y 15
Oct, 15 in of u n set Ion w ith stea m ers and b o t e ’ s, a lso o w n e d , Biot
a u th orized . $ 5 0 0 ,0 0 0 ; o u tsta n d in g , $ 2 0 0 ,0 0 0 . M o rtg a g e c o v e r s ai
•tteamri
.vha?f and h otel p r o p e rty eostltigov**r$JM i.OflO; sin k in g fm
b ecom es O perative In 100 ; M erca n tile T r u s t C o., Man F r a n cis c o , fru
tee. V .7 1 ,
179. F or y e a r I 9 0 1 , g ro s s, $ 3 9 ,3 0 * ; net, $ 16 ,4 0 0 . J're.
d.nit, i>. L, lilies Hah Frnr.cb.no, Cal. (V . 7 1, p. 1 7 s,)
L a r a m i e H a h n ’ * * » e a k Ac P a c l t ic R y . — In D ec , I d O l. graft 1l
a lm o s t corn plot od fr om L a r a m ie , W y o m in g , t o G cn ten n ln i, 3 ; mil*
to be op* rated III 19 0 2; C on tra ct also let. fo r 0 8 m iles to iU t t l e I,air
en tire p reject©'! line. 600 mil©*.
Htoek autf OI I'/.rd, $ 1 0 , 0 0 0 00
all c o m m o n ; o u ts t a n d in g . $ 3 ,5 0 0 ,0 0 0 ; p a r o f shares. $ t o
* o bon d
>
President, Isaac Van Horn, 7 O o n g r m « 8t., B o s t o n , M ass.; T r e a s I
W. T h o m p s o n . — (V, 72, p 98 8 )
L e a v e n w o r t h T e r m i n a l H a l l w a y <V l l r l d g e . —O w n s lilg
w ay and railroad b r id g e ( o p e n e d ,ian. 1, 1894), 1,1 10 feet long,
Missouri River at Igmvcnwort.b, K a n ,, an d v a lu a b le ter m in a l p r op erl
In t,hat city. Tlje m o r tg a g e eon tains a s in k in g fund p r o v i s io n . Km
sas City St. J o s e p h A V. B. (C h ic a g o B. <
fe
and C h ic a g o It. T. A i

Feb. 1, ’ 0 2 ,7
July, ’02,21**,
July 1, 1934
Jan. 1, 1926
Oct. 1, 1931
Jan. 1, 1923
July 1, 1911
July 1, 1917
July 1, 1911
Apr. l , 1912
July 1, 1920
July 1, 1945
Jan. 1, 19,-2
1893
June 1, 1948
Sept. 1, 1910
Deo. 1, 1923
Irredeemable,
May 1, 1997
8ept.
July
Oct.
May
Nov.
Nov.
June
Apr.
Apr.
Apr.
July

1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,

1945
1940
1941
1920
1935
1942
1906
1939
1914
1914
1906

us© the bridge at an annual rental of $16,000 each, under a 30-year
contract from 1894, and Chicago Gt. Western from Sept. 1,1895, for 30
years; rental $14,250. For year ending June 30, 1901, gross, $51,678;
net, $37,779; int. on bonds, $30,000; bal., sur., $7,779. Capital stock.
$600.000.—(V. 69, p. 494.)
L e h ig h & H u d s o n R iv e r R y .—Owns from Greycourt, on Erie
RR., to Belvidere, N. J., on the Pennsylvania RR., 63 miles, Proprietary
lin es: Orange County RR. (entire stock owned—no bonds issued), HudaoD Junction to May brook, N .Y.,on Cent.N.E.Ry. (Poughkeepsie Bridge)
including trackage, a total of 13 miles; 8. E. & P. RR., Phillipsburg’
to Easton, l m i l e ; trackage, Penn RR., Belvidere to Phillipsburg, 13
m iles; total oper., 90 miles.
The Central RR. of N. J. and Lehigh Coal A Nav. Co. control the
road.—V. 68. p. 568. Stock, $1,340,000; par, $100
B o n d s .— O f the $ 1 ,1 2 4 ,0 0 0 general m ortgage bonds out, $ 1 ,0 6 2 ,0 0 0 are guaranteed join tly, p n n . and interest, b y the Cent. RR.
of N. J and Leh. Coal & Nav. Co. An additional $ 1 ,5 3 5 ,0 0 0 are re­
served to take up prior liens and $ 3 3 0 ,0 0 0 for extensions or acquisi­
tions o f connecting roads. See form of guaranty, etc., in V. 67, p. 783.
E ar n in g s .—For 9 mos. ending Mar. 31, 1902 (road proper), gross.
$266,789. against $310,763 in 1901; surplus over charges, .t 13,899
against $39,945.
A n n u a l R e p o r t . — Including Orange County R R .—V . 7 3 , p . 11 57 .
Tear end. June 3 0 .
Gross.
Net.
Int., tax, etc. Bal.. sur
1901 ................................. $442,251
$176,529 $138,175
$38,354
1900.................................... 487,749
235,254
143,271
91,983
Lewis A. Riley, President, Philadelphia, Pa.—(V. 73, p. 1264.)
L e h i g h Ac N e w E n g l a n d R R . —Operates road from Slatlngtoiu
Pa., to Campbell Hall, N. Y., 96 miles, o f which two sections, aggreing 36 miles, belong to other companies, leaving 60 miles owned
Y. Susq. & W. operates New Jersey Division (Campbell Hall to
Hainesburg, 61 miles), and Lehigh Valley RR. operates Pennsvlvania
Division (Hainesburg to Slatington, 35 miles.) L e a s e s for 9 9 9 vears
Northampton RR., Martin’ s (re e k to Bath, 15 miles, was to be com ­
pleted in July 1 9 0 2 .- V. 74, p. 478, 1252.
H isto ry .—A reorganization July 1, 1895, o f the Pennsylvania
Poughkeepsie & Boston, sold in foreclosure Deo. 14,1894.
S e c u r it ie s .—Stock Is $1,500,000, par $50. Mortgage is for $1,000 000, of which $569,000 for improvements and exten’s.—(V. 62 d 134*)
Current liabilities June 30, 1001, $152,180. There were also $75 000
collateral trust bonds and $20,000 equipment 6s.
E a r n in g s .— For y e a r e n d in g June 30. 1 9 0 1 , gross, $86,305; net,
$57; charges, $37,763; balance, deficit, $36,706.—(V. 74, p. 478.)
L e h i g h V a l le y R R .—( See Map) —Main line, Jersey City, N. J.. oni
Buffalo, N. Y., 44 6 m iles; branches to AudenirlecL
Tomhicken, Hazleton, Ac., 748 m iles; Lehigh & New York R R 114
m iles; State Line & Sullivan Railroad, 24 m iles; total main line, 1 333
mlies; sidings, etc., 938 miles. Total system 2,271 m iles; second
track, 573 miles; third tr a c k , 19 miles. Trackage: Penn. RR., 13-6 milesN. Y . Central, 16 miles; sundry trackage, £0-8 miles.
H i s t o r y , E t c .— in M a rch , 18 9 7 , a r r a n g e d w ith J. P. M o rg a n & C o

r

o f N . Y . fo r a g e n e ra l r e a d ju s tm e n t o f fin an ces, in c lu d in g th e h o ld in g
o f v o tin g p o w e r fo r a la r g e b lo c k o f th e s t o c k .—See V . 6 4 , p 5 1 7
7.>4; V . 68, p. 4 7 4 .
F or lis t o f s e c u ritie s o w n e d , s e e V. 6 6 , p. 18 7
In
J u n o, 1 8 9 9 , J. P. M o rg a n & C o. p u rc h a se d a b o u t 7 5 ,0 0 0 sh a res o f s t o c k
b e in g o n e -h a lf o f th e h o ld in g s o f the A s a P a c k e r e sta te, and in J a n '
1901, th e -rem aining h a lf, these, to g e th e r w ith o th e r a c q u is it io n s .p la c ­
in g th em in p r a c tic a l c o n t r o l . - V. 6 8 , p. 1226; V . ' 0 , p. 1049; V 72 p
87. In 1901 r e p r e s e n ta tiv e s o f th e E rie, L a c k a w a n n a , C en tra l o f N ew
J e r s e y , R e a d in g an d V a n d e r b ilt in te r e s ts e n te r e d th e d ir e c to r y b u t
th e p r o p e r t y w ill c o n t in u e to be o p e r a te d in d e p e n d e n tly , th ou g h in
h a r m o n y w ith th e o th e r a n th r a c ite r o a d s .— V. 7 2 , p. 1 3 7 ,3 9 1
'i he
Luke B hore A M ich . Bo. In 1901 p u r c h a s e d $ 3 ,2 l 0 ,0 0 0 o f tho s to ck
V. 7 4 , p. 8 8 3 .

Coal Property . - T h e L eh igh V a lle y R R , Co. o w n s 3 ,6 1 9 a c r e s of
c o a l la n d s and aU the ($(550,000) s t o c k o f th e L ehigh V a lley C oal Co.
w h ich In D e ce m b e r , 18 03 , o w n e d a n th r a c ite c o a l and s u r fa c e l a n d s : ’

,.

Total acres.

Goal acres.

Kst’d. yield.

O w n ed In f o e ........ ...............................1 5 ,2 1 7
7 ,2 4 2
1 2 4 .0 0 5 ,0 0 0
Perpetually le a s e d ............................ 1 ,1 2 3
5,7 41
1 1 1 ,0 0 0 ,0 0 0
T erm le a s e s .......................................... 1 , 7 0 8
1,7 08
1 7 ,0 0 0 , 0 0 0
C on trols th rou g h s to ck o w n e d . . 9 ,2 2 9
4 ,5 1 9
5 0 ,0 0 0 0 0 0
C ollieries 5 4 . d a ily c a p a c it y a b o u t 8 0 ,0 0 0 ton s. (V . 6 2 , p . 3 0 4 .) T h «
Mu t lion C o a l C o. (ch a rte re d In 1896) s to ck Is o w n e d am i its $ 2 0 0 0 ,s ,©
0 0 0 first, m o r tg a g e f>s a lso o w n e d a r e gu a ra n teed - see V. 0 4 , p. 1 3 7 , j
1000 D ela n o L and C o. w as m erg ed In Leh. Val. Goal Go. V. 71, p. 287
T h e C oal Go. s h ip p e d from " c o llie r ie s o w n e d 3,7 5 8 ,8 8 1 te n s iu
1 9 0 0 0 1 , a g a in s t 2 ,8 ..3 ,1 3 0 ton s In 1 8 9 0 -0 0 ; to ta l c o a l to n n a g e In 1900-

01 was 0,673,136.

D i v id e n d s .- ,
'8 0 . ’ 87. ’ 88. ’ 89. ’ 00. *91. ’9 2 ’ 93. n o n e
S in c e 'S B . P . Ot. (
4
4 ' fl r,
5
5
ft
r.ti 4
s in c e
B o n d s . -T h e $ 1 .5 ,0 0 0 ,0 0 0 m ortga g e a n d rot. tru st re o f 18 97 w ere a u ­
th o rize d lo p r o v id e Tor H eatin g field, an d rnr fu tu re I m p r o v e m e n t s ,
$ 7 ,0 0 0 ,0 0 0 (w h ic h m a y b e a r a lo w e r ra te or In lero I, than ft p e r c e n t)’
h» lu g re se rv e d for Im p ro v e m e n ts o r a c q u is itio n o f s to c k s o r b o n d s o f
o th e r c o m p a n ie s a t $ 1 ,0 0 0 ,0 0 0 n y ea r a fte r 1900. T h o m o r tg a g e
c o v e r s 791 09 m iles o f sin g le tr a c k , In clu d in g b r a n c h e s am i s id in g s
real esta te In P h ila d elp h ia , an d a lso s t o c k s an d h an dsel* v a riou s e m u ’
p a n ics. L eh igh V a lley b o n d s With lion prior to th ese b o n d s m a y ho
e x te n d e d o r n ew p r io r lien b o n d s Issued, b u t n ot to In crea se the a g g r o -

i-

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RAILROAD

J uly , 1902.]

STOCKS

AND

BONDS

SI

Bonds—Princi­
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal,When Dae.
Amount
When
Par
of
For explanation of column headings, &o., see notes o f
Outstanding Rate per Payable Where Payable, and by Stocks—Last
Cent.
Whom.
Road. Bonds Value.
Dividend.
on first page o f tables.
RAILROADS.

L eh ig h V a lley—(Ooncluaed)—
Morris Canal stock, 4% guaranteed 999 years—
Preferred stock, 10 p. o., guar. 999 years..........
L.V.Coal C o.lst M.$12,000,000,g.s.f.,not dm.cNfer
Snow Shoe, 1st M., not g u a r .G F .......................r
Delano I /d 1st M., g., gu „ s. f. $30,000y’ly .G P
Car trusts, > $50,000 due each F. & A .................c*
golcLGP 5 $500,000, due $25,000 each F.&A ..
Equip, trusts, gold, due $200,000 y e a r ly .P e P ..
Do
gold, ser. “ D ” & “ E,” due $382,000 y’rly .
Lexingt. < East’ll—IstM ., g.,ext.ia’01,red.l02Ce.o*
£
General mort., gold............................................ C o.r
Little Kanawha—1st m ort., gold, $15,000 p. m .K .
Little JfiawD-St’k,eom.,gu.8 p.c.,99 yrs.,P.C.&St.L.
Renewal m ortgage....................................................c
New M. ($3 , 000 ,000 )—V. 72, p. 184, 241, 1080...
L. Rock & Hot S p .W est.-la t M., g., $1,140,000. s s t
Little Schuylkill Nav. RR. < Coal—Stock (rental gu.)
&
L o n g Is la n d —2dm ortgage.................................... o*
Consol, mortgage, gold, $5,000,000.Ce ...............
do
do
do
....................
General mortgage, gold C e..................................o'
MetropoL Ferry Co. 1st M., gold,red. at llO .C e .c”
L. I. RR, M. on ferry for $2,750,000, g old .C e..c*
Stewart Line M. of 1932 for $500,000, g old .C e..
Debenture ($1,500,000) gold, not subject to ca ll..
New York < Flushing 1st mortgage, assumed—
fe
B ’klyn & Montank 1st M., $250,000 are 6s.C e.o*
2d M., g., ass’ d, Bus. Sta. to Eastn. & b rs.C e.c'
Long Island City < Flushing 1st M., assumed, .o*
fe
Consol, mortgage gold, assumed.Ce................ c’
Unified M., $45,000,000, g. call 110 P s m ..„ C 4 r

....
. .. .
....
....
—
___
___
....
92
30
....
84
84
57
32
155
156
156
163
....
....
18
....
2
76
76
12
19
—

....
$100
....
100
1893 l,000& c
1880
500
1892
1,000
1895
1896
1899
’99-’01
1895
1895
1898
....
1882
1901
1899
....
1878
1881
1881
1888
1887
1892
1892
1894
1880
1881
1888
1881
1887
1899

1,000
1.000
1,000
1,000
1,000
l,000& c
1,000
50
1,000
1,000
1,000
50
100 &0
1,000
1,000
1,000
500 &c
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
l.OOO&e

F. & A. Phil, office, 228 8.3d St.
4
$1,025,000
10
F. & A.
do
do
1,175,000
5
J. & J. N. Y. and Philadelphia.
11,514,000
Philadelphia.
367,000
5 g- J. & J.
do
do
1,102,000
5 g. J. & J.
5,000,000
F. & A. Phil.,Girard L.I.A.& Tr.
400,000
5 gdo
do
200,000
5 g. F. & A.
4kj g. J. & D Phila., Penn.Co.for Ins.
1.4'>0,000
2,974,000
4b) g. Various
Philadelphia.
850,000
5 g. J. & J. N. Y „ J. K. Tod & Co.
1,500,000 See text. F. & A. 1 p. ct. cash pd. Feb.,’02
(?)
5 g. J. & J.
825 Q,.— ./o Cinn.,Office, IstN at.Bk.
M
4,943,100
M. & N. N. Y., Bank of America.
1,500,000
5
1,417,000
do
do
312 F. & A.
1,140,000
4 g. J. & J. St. Louis and Phila.
2,487,850
5 g- J. & J. Phila., Of., 410 Walnut
268,703
7
F. & A. N.Y..U.S. Mort.&Tr.Co.
3,610,000
do
do
Q .-J .
5 g.
do
do
1,121,000
Q .-J .
4 g.
3,000,000
do
do
4 g. J. & D.
do
do
1,250,000
5 g. M. & N.
1,494,000
4ifig. M. & S.
do
do
do
do
332,000
4 g. J. & D.
do
do
a 1,135,000
5 g. J. & D.
M. & 8.
125,000
6
do
do
do
do
1,000,000 5 & 6 g. M. & S.
do
do
600,000
5 g. J. & D.
M. & N.
do
do
600,000
6
650,000
do
do
5 g. M. & N.
4 g. M. & S.
do
do
6,360,000

Aug., 1902,2%
Aug., 1902, 5%
Jan. 1, 1933
Jan. 1, 1910
Jan. 1, 1932
Feb., 1903-06
Feb., 1903-06
To June 1, ’ 09
1903 to 1910
July 1, 1911
Feb. 1, 1935
Jan. 1, 1948
June 9, ’02,21*
Nov. 2, 1912
Feb. 1, 1951
July 1. 1929
J ’ly ll,M 2 ,3 %
Aug. 1, 1918
July 1, 1931
July 1, 1931
June 1, 1938
Nov. 1, 1937
Mch. 1, 1922
June 1, 1932
June 1 1934
Mch. 1, 1920
Mch. 1, 1911
June 1, 1938
May 1, 1911
May 1. 1937
Mar. 1, 1949

was waived to Aug.
be paid
ate
or rate of
provided
Feb.
Aug
2
yearly
r 5 years,
for
consolidated
List of collateral pledged
gtiieprincipal sum inmortgage.interest of such bonds,except asto secure bondsand and. 51,p.asc.follow s:1 ,19p.01c., interestfothereafter tothen 3 p.mc.cash
yearly thereafter to maturity. Deferred deben­
bonds was given
V. 65, p. 1114—see also V.
p. 187. The bonds 5 years
1

66

are subject to call at 1 07 ^ p. c.
G uabanties .—Easton <• Northern RR.—R oad from B elfa stto E aston
£
Pa., 8 milea; branch to Lehigh Valley RR. at South Easton, 4 m iles
Capital stock is $300,000. Lehigh Val. guarantees bonds. (V. 62, p .135.
Elmira Cortland, <. Northern EE.—This road, with the Oanastota
£
Northern, runs from Elmira to Canastota and Camden, N. Y ., 140
miles. The stock, $2,000,000 is owned—V. 62, p. 364,1177.
Lehigh Valley Railway Co. o f New York.—Owns Buffalo,N. Y ., to near
Sayre, Penn., 175 m. double track, and branches to Ithaca, Auburn,
etc., 110 m.; total, 285 m. Stock owned by Lehigh Val. EE. Mortgage
abstract V. 51, p. 114. (V. 65, p. 412, 1071.) Car trusts, $900,000.
LehighValley Terminal Railway. -Owns double-track road from South
Plainfield, N. J., to Jersey City, with about 125 acres at Jersey City and a
large water front there, etc.; its stock of $10,000,000 is owned b y LeValley RR. (V. 53, p. 640, 880.)
Middlesex Valley RR.—Naples to Geneva, N. Y ., 29 miles. Bonds due
1942, guaranteed, principal and interest (endorsed).—V. 62, p. 134.
Morris Canal. — Leased for 999 years and dividends guaranteed.
Bonds all owned by Lehigh Valley. 8 ee V. 50, p. 137.
Pennsylvania < New York Oanal <• Railroad.—Leased for 99 years
£
£
from December 1,1888, to Lehigh Valley, which has assumed its debt
and owns all its stock. Consol, mortgage bonds of 1888 are reserved to
take up prior bonds when due. The consols include $4,000,000 o f 5
per cents, $3,000,000 of 4s, $1,500,000 of 4 *28.—V. 62, p. 950.
Lehigh & New York EE.—Near East W averly to Fairhaven, on Lake
Ontario, 115 miles.—V. 61, p. 558, 7 50 ; V. 62, p. 134; V. 71, p. 1311.
Lehigh Valley Coal Co.—See “ Coal P roperty” above.
G e n e b a l F inances .— Real estate mortgages, $214,520. In May,
1900, sold to Drexel < Co., of Philadelphia, $3,000,000 4 ^ per cent
fe
car trusts, $300,000 to be retired yearly. V. 72, p. 141.
L atest RR. E ar n in g s . ) 1901-2..G ross,$25,511,269; net, $4,523,302
11 mos., July 1 to .May 31. j 1900-1. .Gross, 23,880,212; net, 4.278,336
For same i l mos. Lehigh Valley Coal Co. shows deficit from opera­
tions of $532,007, against deficit of $547,488 in 1900-01.
A n n u al R e p o r t .— Fiscal year to end Juoe 30. The report for 1900
01 was given at length In V. 74, p. 203, 209. See also editorial, p. 175.
Year end. Nov. 30—
1901.
1900.
1899.
1898.
Earnings from coa l.$11.6-13,276 $9,413,472 $9,553,950 $8,436,392
Mlscel. freight........ 14,255,961
9,659,172
8,236,505
7,571,978
Passengers................. 3,635,061 2,959,378
2,760,401
2,718,859
Mall, express, e tc ...
1,109,234 1,017,260
1,019,645
1,015,310
T oU i gross........ $26,683,534 $23,049,282 $21,570,502 $19,742,538
Op. exps.finc.rentals 20,069,876 19,242,421 16,648,829 14,188,228
Net ea rn in g s.... $6,613,658
Other incom e...........
1,105,898

$3,806,861 $4,921,673 $5,554,310
1,055,785
1,117,728
1,244,945

T o ta l n e t In com e $ 7 ,7 1 9 ,5 5 6 $ 4 ,8 6 2 ,6 4 6 $ 6 ,0 3 9 ,4 0 1 $ 6 ,7 9 9 ,2 5 5
S tate t a x e s .................
$ 6 2 5 ,9 3 7
$ 6 3 2 ,8 0 6
$ 6 5 0 ,6 3 9
$ 3 6 0 ,0 0 0
BaL o f in t. a c c o u n t,
2 9 8 ,1 2 0
2 5 4 ,8 8 3
2 0 ,3 9 3
1 9 ,8 5 3
2 2 2 ,6 0 8
2 9 0 ,6 8 4
2 3 9 ,9 8 9
2 3 0 ,0 7 3
Loss M ot . C a n a l,e tc .
In t. and r e n ta ls ........
5 ,1 7 2 ,5 7 3
4 ,9 3 8 .3 7 0
4 ,8 2 4 ,2 7 0
4 ,8 4 4 ,1 6 6
Int. Leh, Val, C o a l.
8 2 5 ,7 0 0
8 2 5 ,7 0 0
8 2 7 ,3 0 4
8 3 1 ,0 5 8
T o ta l c h a r g e s ... $ 7 ,1 4 4 ,9 4 3 $ 6 ,9 4 0 ,4 4 3 $ 6 ,5 6 2 ,5 9 5 $ 6 ,3 2 5 ,1 5 4
B a la n c e ....................... s r .$ 5 7 4 ,6 1 2 d f.$ 2 ,0 7 7 ,7 9 7 d f .$ 5 2 3 ,1 9 4 s r .$ 4 7 4 ,l 04
Sm all n et resu lts are e x p la in e d b y la r g e e x p e n d itu r e s fo r a d d itio n s
an d b etterm en ts - $ 1,8 84,90 7 In 1901, a g a in st $ 1 ,3 3 1 ,2 7 1 in 1 9 00 an d
$ 1 ,5 2 9 ,8 8 4 In i 8 9 9 —besid* „ la rg e o u tla y s fo r e q u ip m e n t in both yours.
T h e r e p o r t fo r 1901 as a b o v e floes n o t In clu d e th e c o a l p r o p e r tie s ,
to r the im p r o v e m e n t o f w h ich $ 3 7 2 ,7 0 0 w a s e x p e n d e d in th e yea r,
and on w h ose o p e r a tio n s , e t c ., th ere w as a d e fic it o f $ 4 9 1 ,5 7 7 .
O th er In com e a* a b o v e in 19 01 ($ 1 ,1 0 5 ,8 9 8 ) in c lu d e s d iv id e n d s on
sto rk * o w n e d , $ 3 5 3 ,7 2 6 ; In terest on m o r tg a g e s , $ 4 1 ,7 8 1 ; su n d rie s,
$ 9 4 ,3 2 0 , and in te re st ori b o n d s , $ 6 1 6 ,1 2 0 , th e b o n d s e m b r a c in g :
*1,400,000 !,< h. Val. r.,mi Co,, ISOU; JO,C00,000 Loh. Vat. Coal Co.. IS!)7; 12,000,OOOrtchtiCkiil 4 I.ehlgh Valley Rit., 11,822,000 Hazleton Coal Cr,., *000,000 Mor
id* Canal A Banking Co.. Wil.fKX)
Son thorn lilt. Co.. $UM,OQ0 Mid
die* ex Valley HR. C'i„ t.'„v.,fioo Green villa & H udson Iir. Co.. fttMJHwl Coal
■
Rtflgi!
. ACfial Co.
Pres. (J a n ., 1 9 0 1 1, A lfred W a lte r; T r e e s ., W . G. Aldrvruon; S e c r e ta r y ,
i oh i, R. Fan *ha w e, 2 2 8 do. T h ird S t., J’ h iia. E x eou M v o C orn .; C h air
m an, Khan B. ThOftm*; G e o . V . lin k er, E. T H totesb u ry, C h a rle s S teele,
H. M eK . T w o r n b l a m i A lfr e d W a lter.
iHrsotora Alfred Walter. Kd ward T . Htotesbury JoM gh VVharlon. Rnauvnaic
Boris, Charles ate.ile, Irving A. Sii'iirri*. Aliram Nesbitt. II. MeK. Twotobljr,
Kbsn fi. Thomas, Georgs V. Baker, .1. Hogcra Maxwell, George E, User a no
K obe <% U pp m -'
- ( V , 73, p, 138, 3 9 1 .0 6 3 , 12 07 ; V. 7 4 , p. 1 18, 2 0 3 , 2 0 9 , 8 6 3 )
L e x i n g t o n A K m s t e r n It y . — O w n s fro m L e x in g to n , K y., to J a c k *on , K y .. a b o u t 9 2 m iles, ftp s rates O hio A K e n t u c k y iiy ., J a c k s o n ,
K y „ to oa n n el coa l fields In M organ (jo ,, o v e r 2 0 m iles, s in c e b ite In
O c t , 1901.
C apital s to c k , $ 5 0 0 ,0 0 0 ; p a r, $ 1 0 0 . R e o r g a n is e d w ith
o u t fo r e clo s u r e in 1001 p e r plat, v . 73, p. 6 0 3
B on u s — tin d er the re o rg a n iz a tio n In 1 0 0) the first m o r tg a g e 5s
• v i
'’ red J a n . 1, 1900) w ore e x te n d e d a t sam e ra te o f In terest
to Ju ly 1, 1911, th e c o m p a n y h a v in g th e righ t to c a ll and re d e e m all o r
any o f them a t 102 an d in terest. Ail in te r e s t o n th e g e n e r a l m o r tg a g e

tures will be Issued from time to time for the balance o f the interest
not paid in cash on the general mortgage bonds accruing after A ug. 1,
1901, snob debentures ($375,000 eventually) being payable without
interest whenever the com pany shall decide, either in cash or general
m ortgage bonds, but to become payable immediately in c me any d ivi­
dend is declared on the stock. Loans payable June 30,1900, $23,938.
E a r n in g s .— 11 months, J 1901-2......... Gross, $384,983; net, $151,514
July 1 to May 31,
(1 9 0 0 -1 ....... Gross, 323,663; net, 125,010
Y ear ending June 30,1901, gross, $357,881; net, $136,844; other
incom e, $1,397; interest, $50,000. taxes, $6,000; rentals, etc., $24,437;
bal., sur., $57,804. President, R obert E. Tod, N. Y .—(V. 74, p. 94.)

L ittle F a lls Ac D o lg e v ille R R . —V. 72, p. 1188; V. 7 4 ,p. 577,1252
L ittle K a n a w h a R R . —Parkersburg, W. Va., to Palestine, 30
miles, thence by steamer, 20 miles, to Creston; total, 52 miles. Line
operated from May, 1898. Stock, $2,000,000 authorized; issued $426,000. In April, 1902, a syndicate representing the Gould interests had
acquired the road and was building to a connection with it at Parkers­
burg See W. Va. & Pitts, item, V. 74, p. 777. J. T. hlair, Prest., Par­
kersburg, W. Va.—(V. 72, p. 776; V. 73, p. 1061, 1112.)
L ittle M ia m i R R . —Owns Cincinnati, O., to Springfield, O., 8*
miles branch, Xenia, O., to Dayton, O., 16 m iles; leases, Columbus &
X eniaR R ., Xenia, O., to Columbus, O.. 55 miles: Dayton & West. RR.,
Dayton, O., to Ind. 8 tate Line, 38 m.; Cin. St. Con.RR., 2 m.; tot. 195 m.
L e a s e .—On Deo. 1, 1869, leased to Pittsburg Cincinnati & St. Louis
(now Pittsburg Cincinnati Chicago & St. Louis) for ninety-nine years
renewable forever. The Penn. RR. Co. is a party to the oontraot and
guarantees its faithful execution. Rental is 8 per cent on $4,943,100
stock and interest on debt. Lessee's report for this road shows
net loss to lessee: In 1897, $230,645; in 1898, $222,225; in 1899,
profit, $54,725; in 1900, $65,989. Stook authorized, $8,000,000. B e­
ginning Deo., 1899, 15 per cent extra has been paid each Deo. and June
from the surplus invested fund, making dividend 8 % per cent yearly.
- ( V . 70, p. 230; V. 72, p. 44, 184, 241, 1080; V. 74, p. 427.)
L ittle R o c k < H o t Springs' W e s t e r n R R . —Little Rook,
fc
Ark., at a connection with the Choctaw Oklahoma & Gulf, to Hot
Springs, 57 miles ; opened April, 1900. Organized in 1899, and com ­
pleted the partially constructed Little Rock H ot Springs & Texas RR.,
sold In foreclosure on Jan. 4, 1899. V. 68 , p. 85; V. 69, p. 283. The
Chootaw Oklahoma & Gulf on Sept. 29, 1901, took over the portion
from Little Rock to Benton, 27 miles, under lease.—V. 73, p. 722.
Stock, $1,140,000, all acquired In 1901 by the Missouri Pacific Ry.
V. 7 4 , p . 574. Coupons, Including July, 1900, were d ipped. For year
ending June 30.1901, gross, $158,528; net, $60,863; total deductions,
$ 7 7 ,3 /0 ; bal., def., $16,507.—(V. 70, p. 791.)
L ittle S c tin y lk ill N a v ig a tio n R R . Ac C o a l.—Owns from P ort
Clinton to Tamanend and Roevesdale, 3 2 miles. Re-leased on Deo.
1, 18 96 , to P h ila . & Read. R y . fo r 9 9 9 y e a r s , and rental r e d u c e d from
7 p. c. o n s t o c k to 5 p. o., g o ld fr o m J a n . 1, 1 8 9 7 ; in 1.898, 5 'a p. o.; in
1 8 9 9 , J a n ., 2 ^ p . C ; J u ly , 3 p. o.; in 1 9 0 0 , 5 p. c.; in '0 1 , J a n ., 3 p. o .;
J u ly , 24) p. o.; 1 9 0 2 , Jan., 2 4 ) p . o ; J u ly , 3 p c. L e s s e e p a y s ta x e s
a n d o r g a n iz a tio n e x p e n s e s . B o n d s issu ed a r e d e p o s it e d as s e o u r ity
fo r R e a d in g C o a l & I r o n b o n d s — (V . 7 3 , p . 5 5 4 .)
L o g a n m p o r t Ac T o l e d o R y . —L o g a n s p o r t, I n d ., t o B u tle r . I n d .,
94 m iles
S u c c e s s o r on S ep t. 12, 1901, to E e l R iv e r R R „ s o ld u n d e r
o r d e r o f C o u r t an d p u rc h a s e d In th e In te r e s t o f th e P e n n s y lv a n ia R R .,
a n d o p e r a t e d from J a n . 1, 1 9 0 2 , as a p a r t o f th e V a n d a lla s y s te m
In
J u iy, 19 0 2 , th e d e ta ils o f th e n o w s e c u ritie s h ad n ot b e e n d e c id e d u p o n .
S to ck , $ (1). (V . 7 3 . p. 5 5 3 , 10 10 ; V. 7 4 , p, 4 1 .)
L o n g I s l a n d R l t . —O p e ra te s all th e steam s u r fa c e r o a d s o n L o n g
Is la n d , a d jo in in g N ew Y ork C ity , th e sy stem ln d u d lm t :
O w n*—
M ile s .
L ea ses(U W h ich see.) M ile s .
I ,o n g Isla n d C ity to G reen p o rt, 94 N. Y . A. R ook a w n y B ea ch Hy .1I 12
L on g Is la n d C ity to G t. N eck ... 14 M o u ta u k E x t. & N. Y'. B a y E x t- 27
B u sliw lo k t o Hag H a r b o r ............ 90 N vw Y o rk A H o o k a w a y ..............
5
S u n d ry b r a n c h e s ........................... 80 N. Y . B ’ ld y n At M an. B e a c h 11.. 19
G rit N ook A P o r t W a s h in g to n .
4
T o ta l o w n e d ............................... 2 8 4
L e a s e s

-

B r o o k ly n A J a m a ic a H it ___ . . . 1 !
T o ta l J u n e 3 0 , 1 9 0 1 . . . . . . . . 3 8 0
N orth S h ore B ran ch H R ............. 3 0 Dontdo track ...........................108
O r g a n i z a t i o n .- In M a y , 10 00 , a m a jo r it y o f the sto ck w a s p u rch a se d
by th e P e n n s y lv a n ia Kit, -V. 70, j>. 8 9 1 . 9 4 6 , 9 9 6 , 1 149; V. 71. i>. 9 1 4 ;
V. 7 2 , p . 4 8 0 , 4 9 1 . D e cis io n as to r ig h t o f w a y , V. 7 8 , p. 3 2 ; V. 7 4 , it.

1 196.

St o c k . —$ 1 2 ,0 0 0 ,0 0 0 ; p a r, $ 5 0 ; o f w h ich P en n .H it, o w n s $ 0 ,7 9 7 ,9 0 0 .
D i v i d e n d s . ( 1 8 8 2 . '8 3 to '9 0 . ’ 9 1 , *92. ’ 93. ’ 9 4 . '9 5 . ’ 90. N on e
P e r c e n t,
(
1
4 y e a r ly 4 4i
5
5
4'<t 4
4 sin ce .
B on d s , -T h e f e r r u m o r tg a g e fo r $ 2 ,7 5 0 ,0 0 0 c o v e r s all th e real and p er
Mina! p r o p e rty p e r ta in in g to th e c o m p a n y 's fe r rie s (84t.b Street, anil
J a m es S lip ); $ 1 ,2 5 0 ,0 0 0 b o n d s b e in g reserv ed to re tire the M e tr o p o lita n
F erry O r . A h to debent u r e s see p a g e 2 o f S t 'r l’ l.K.MKNT o f A p r il. 18 95 .
T h e u n ifie d m o r tg a g e ( 0 . M M ortgage At. T r u s t C o., N. Y ., tru stee,) Is
.
for $ 1 5 ,0 0 0 ,0 0 0 , se cu re d b y a Hen u p on th e e n tir e p r o p e r t y , $ 2 8 ,0 0 0 , 0 0 0 b e in g r e s e r v e d to r e tir e all p r io r lien s, $ 8 ,5 0 0 ,0 0 0 fo r c h a n g e
o f m o tiv e p o w e r to e le c t r ic it y o r o th e r p o w e r , If d eem ed a d v is a b le ,

INVESTORS* SUPPLEMENT.

[V ol. L X X V .

R AILRO AD S.
INTEREST OR DIVIDEN DS.
Miles Date Size, or
Bonds—P rin ci­
Am ount
Par
of
F or explanation o f colum n headings, Ac., see notes of
Rate per When Where Payable, and by pal,^When Due.
Road. Bonds Yalue. Outstanding
on first page o f tables.
Cent. Payable
Whom.
jS^fcs-LastDiv.
L o n g I s la n d — {Co'ncl.)— L e a s e d L i n e s , P r in c e p a L OR I
L .l. RR. N .Sh.Br.eons.M .$l,500,000,gu.p. <fei.Ce c*
30
N. Y . B. A Man. B .ls tc o n . M.$1,726,000 g .,g u .C e
19
N. Y . A R ock. B., 1st M. $984,000, gu. p. A L C e . . . . .
6
N. Y. B ay E xtension, $70 0,0 0 0,1 st M., gu. p. A i.
Montank E xtens’ n, $600,000, IstM ., gu. p A i.C e
21
P. P. & C. I., 1st and 2d, ($96,000 2ds) gu. p. & i.
10
Lou. & A '/ k an .—D tM ., $7,000,000 auth., g. T ext
125
L ou isia n a d Northwest R R —First m ort., g o ld ___
b
36
45
L a. S ou W n — 1st M., g., red. at 105 after 1902 Ce c
Louisiana Western—1st m ortgage, g o ld .......... C e c v 1 1 2
Louisv & A tlantic—1st m ort., gold, $1,000,000 K
68
Louisville B ridge Co.—Stock........................................
Louis. E . < St. L .—1st m ort., $2,500,000, g o ld .M o 165
&
Louisv.db J eff.B r.C o—$5,000,000,g.gu. p.Ai.,end.c* . . . .
L o u is v ille & N a sh v ille—Stock, $60,000,000....... . . . . .
83
Mem. Clarks. & L. 1st M., £ (to be paid Aug. 1)
46
Cecil. B r.1 stM.,Cecil, to Louis.,s. f .,dr. at 100. U n o’
E .H .A N .lstM ., H end.toN ash., g, dr’n a tllO .C e .o * 151
Louis. & Nash, gen’l M., gold, drawn at llO .C e.c* 802
L. C. A L ex. 2d m. s. f . n ot dr’n, Louis.to N ew p’t.c' 175
Gen. mort. L. C. A L., gold (form erly 6 s),M o .c* 175
L. A N. bd s.,S .A N . Ala. R R .,2 d M . as col. g.ITn.c* 189
45
Pensacola D iv., 1st M., gold (dr’n at 1 0 5 ).F ..c *
N. O. & Mob. Div. 1st M., N.O. to Mobile, g. F .c* 141
2d m ortgage, gold .............................................*e 141
Sontheast’n A St. Louis Div. 1st m ort., g o ld ....c * 208
2d M., gold, East St. L. to Evansville A b r — c* 208
1st M. (50-year 5s), $15,000 p. m., g o l d .U s ...c A 118
1st m ort., collateral trust ($7,000,000) g old .-F c* . . . .
Unified m ortgage for $75,000,000, gold.ce.c*<fci Text.
....
Coll, trust, call at par in 5 years., g*a $ ............ c'
a In hands o f public: total issued shown in left hand

NTERE

st

G u a r ANTEED.

1892 $ 1 ,0 0 0
1885
1 ,0 0 0
1887
1 ,0 0 0
1893
1895
’86-’ 9J 1 ,0 0 0
1 ,0 0 0
....
1 ,0 0 0
1895
1897
500
1881
1 ,0 0 0
1901
1 ,0 0 0

a 1 0 0 ,0 0 0

a 315,000
436,000
See text.
1 0 0 ,0 0 0

100

1896
1895
....
1872
1877
1879
1880
1877
1881
1880
1880
1880
1880
1881
1881
1887
1888
1890
1898
eolum

250,000
2,240,000
500,000
1,500,000

500

2 ,2 0 0 ,0 0 0

1 ,0 0 0
100
£200
$ 1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 0 0 A c.
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0 Ac*
1 ,0 0 0

3,000,000
60,000,000
c l , 994,660
325,000
1,840,000
8,911,000
892,000
3,258,000
d l , 926,000
e544,000
5,000,000
1 ,0 0 0 ,0 0 0

3,500,000
3,000,000
f l , 749,000
g 4 ,940,000
630,095,000
li $6,919,000
u; balan ce under uni

$4,500,000 fo r other im provem ents, and the $4,000,000 rem aining,
with any unused balance, tor perm anent im provem ents and additions
at n ot exceeding $400,000 per annum. Bonds are subject to call at
110 in w hole or in part on any interest day.—V. 68, p. 618. B ills p ay­
able Feb. 28,1902. $ 60 ,00 0 ; rnorts on real estate, $448,737.
G u a r a n t ie s .— m addition to guaranteed b o rd s in table above guar­
antees 5 p. c. on $650,000 New Y ork B rooklyn < Manhattan Beach
fc
preferred stock as part re n ta l; also 4*2 p. c. on $50,000 P. P. & So. Br.
stock, and 4*2 p. c. on $82,500 of the N. Y. & Coney Island stock.
F in a n c e s .—L. I. R R . Terminal Co. incor. in 1899. See Y . 70, p. 89.
In D ec., 1901, the A tlan tic A venue (B rooklyn) im provem ent was
begun, the total cost o f the w ork being estimated as about $2,500,000 , o f which one-half w ill be borne by the city. See V. 72, p 72 ‘ ;
V. 64, p. 469; V. 65, p. 512; V. 66, p. 471; Y . 73, p. 6 1 3 ,1 0 1 1 , 1207; V.
75, p. 135.
In Julv, 1902, contracts w ere let fo r the extension o f Rapid Transit
tunnel [being constructed b y city] from M anhattan under the East
R iver and thence to the Flatbush A venue Station, Bro< klyn. On
A pr. 21, IP02, the Pennsylvania f ew York & L on g Island RR. was in­
corporated with $20,000,000 stock, to construct and operate b y e lec­
tricity an underground tunnel railroad as an extension o f the Pennsyl­
vania RR. system from Jersey City, and thence under the H udson
Riv er to a central passenger station at 33d Street and 7th to 10th ave­
nues, and also under the East R iver to a connection with the Long
Island R R . New Y ork Connecting R R ., seeV . 74, p. 830.
L a t e s t E a r n in g s .—July 1 to M arch 31, 9 mos. System, 391 miles.
9 mo*.
Gross
Net.
Other In c.
Charges.
Balance.
1901-2.
$4,2 r 6,492 $1,222,806 $219,398 $1,222,988 sr.$219,217
1900-1. . 3 717,701
981,818
165,052 1,203,536
df.56,665
A n n u a l R e p o r t .— R eport for 1900-01 was in Y. 73, p. 612.
1898.
1900.
1899.
Year ending June 3 0 — 1 9 0 1 .
Gross e a r n in g s .............. $ 4 ,8 6 2 ,3 4 7 $4,557,259 $4,622,475 $4,333,194
2,989,373
3,276,073
3,311,370
O p e r a tin g e x p e n s e s . . 3 ,5 1 6 ,7 0 5
$ 1 ,2 8 1 ,1 8 6 $1,311,105 $1,343,821
$1,631,552 $1,557,098 $1,473,103 $1,473,690
638,629
624,096
837,2^0
837,280
205,865
232,084
202,957
258,700
322,800
322,800
312,800
322,800
72,521
73,177
16,962
5,440
100,000
.
195,809

N e t e a r n in g s .......... $ 1 ,3 4 5 ,6 4 2

Total n e t.............. .
Interest on bonds
T a xes.....................
R entals................. .
M iscellaneous—
R eserve fun d.......

$1,425,000
a l , 601,000
a 883,000

B alan ce..................................... sur.$59,494sur.$250,073sur$243,875
President, W. H. Baldw in Jr. Treasurer is R obert W. Smith, Broad
Street Station, Philadelphia.—(V. 74, p. 11196, 1252; V. 75, p. 29, 135.)
L o a A n g e l e s T e r m . R y . —See San P ed io Los A ng. & Salt Lake R y.

5 gQ . - J.
5 g. A. A O.
5 g. M. A S.
5
J. A J.
5
J. A J.
4*2 Semi-an
5 g.
5 g. J. A J.
5 g. M. A s.
6 g. J. A J.
5 g. M. A N.
See text. F. A A.
5 g. J. A J.
4 g. M. A S.
5 in 1902 F. A A
6 g. F. A A.
7
M. A S.
6 g. J. A D.
6 g. J. A D.
7
A. A O.
4*2 g. M. A N.
6 g- A. A O.
6 g. M. A S.
6 g. J. A J.
6 g. J. A J.
6 g. M. A s.
3 g. M. A s.
5 g. M. A N.
5 g. M. A N.
4 g. j . A J.
4 g. A. A O.
fied mort!. b c.

N. Y ., U. S. M ort.ATr.Co.
do
do
do
do
do
do
do
do
do
do
N. Y ., Fisk & R obir son.
N .Y., Boody, M cL.AC o.
N. Y ., R.W inthrop A Co.
N.Y., S. Pac.Co., 23 B ’rd
N. Y ., K nick. Trust Co.
Louisville, Ky.
N. Y .,B k .of Am. A Louis.
N .Y., J.P. M organ & Co.
N. Y., 120 Broadway.
London and New York.
N. Y., 120 Broadw ay,
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
d , e, f, g;, see fo o t note

Oct. 1, 1932
Oct. 1, 11 35
Sept. 1, 1927
Jan. 1, 1943
Jan. 1, 1945
1926-1931
See text.
Jan. 1, 1945
Mar. 1, 1950
July 1, 1921
May 1, 1941
See text.
Jan., 1946
Mch. 1, 1945
A ug.11,’0 2 ,2 ^
Aug. 1, 1902
Mch. 1, 1907
Dec. 1, 1919
June 1, 1930
Oct. 1, 1907
Nov. 1, 1931
Apr. 1, 1910
Mch. 1, 1920
Jan. 1, 1930
Jan. 1, 1930
Mch. 1, 1921
Mch. 1, 1980
May 1, 1937
Nov. 1, 1931
July 1, 1940
Apr. 1, 1918
on n ext page*

L o u is ia n a W e s t e r n R R .—{See Map o f Southern Pacific.)—Owns
from Lafayette, La., to Orange, Tex, 112 m iles; branches (2), 35 miles ;
total, 147 miles. Operated independently, but in con n ection with
Southern Pacific Co. system , which ow ns all the $3,360,000 stock.
E a r n in g s .— 11 m on th s,) 1901-2___Gross, $1,781,790; net, $787,760
July 1 to May 31.
5 1900-1 .„ .G r o s s , 1,541,807; net, 653,626
In year ending June 30, 1901, gross, $1,64 6,730; net, including other
incom e, $742,654; surp. over charges, $366,925; am ount o f net profit
due this com pany as per lease, $394,513.— V. 74, p. 268.
L o u is v ille A A t. R R . —Versailles, K y., to M iller’s Creek, 68 miles.
In corp ora ted in J u ly 1899, as successor of the Richm ond N icholasville Irvin e A B eattyville R R .; sold under foreclosu re M ay 1, 1899.
V. 71, p. 236. E xtension from M iller’s Creek to Beattyville, 28 miles, to
be com pleted about July 1 ,1 9 0 2 , and to be extended later 55 miles ad­
ditional to a connection with N orfolk A Western. Stock, $1,000,000;
par $100. Bonds, see table.
Year ending June 30, 1901, gross,
$131,860; net, $50,436; interest, $27,185; taxes, $ 3,1 00 ; discount on
bonds, $75,000; balance, def., $54,850. President, James P. Am sden ;
Secretary, E. M. W allace. Office, Versailles, Ky.—( V. 71, p. 236.)
L o u is v ille B r id g e C o .—Owns bridge 5,294 feet long over Ohio
R iver at Louisville, K y., and about 2 miles track additional in Louis­
ville. Used b y several railroads, P. C. C. A St. L. R y., Louis. & Nash­
ville, etc. Surplus earnings are paid back to roads using bridge.
St o c k is $1,500,000 ; Penn. Co. ow ned Jan. 1, 1902, $900,700. D iv­
idends, 1896, 6 12 p. 0.; 1897, 7 p. o.; in 1898. 6 p. c.; in 1899, Feb., 3
p. 0. In June, 1900, the Court d ecided that the m in ority stockholders
w ere entitled to 8 per cent dividends since 1877, but an appeal w ill be
taken. (Y. 71, p. 84.) In July, 1900, paid 8 p. c. dividend for the first
half o f 1900 and last h alf o f 1899; May 15, 1 9 0 1 .3 p. 0.; O ct 10,
3 p. c.—Y. 73, p. 957. In year 1901. gross, $278,673; net, $171,740;
taxes, $61,250. In 1900, gross, $243,286; net, $155,775.—(V. 74, p. 481.)
L o u is v ille E v a n s v ille A St. L o u is R R . —See Southern Ry.
L o u is v ille H e n d e r s o n A St. L o u is R y . —R o a d .—L ouisville
to H enderson K y., 142 miles, of w hich W est P oint to Louisville, K y.,
21 miles, is tra ck a g e ; ow ns also Irvington to Fordsville, K y., 44 m iles.
H is t o r y ,—A reorganization June 1, 1896 (per plan in V. 62, p. 138) t
o f the Lou isville St. Louis A Texas, sold in foreclosure.
S e c u r it ie s .—The stock is to be held b y John J. M cCook, B rayton
Ives and Oscar Fenley, fo r ten years, in a votin g trust, unless earlier
term inated by unanimous v o te of trustees. See terms Y. 62, p. 138.
Of the bonds $300,000 are reserved to build to Louisville.
E a r n i n g s — 10 months, J 1 9 0 1 -2 ........ G ross, $ 5 7 7 ,5 3 8 ; n e t, $ 1 4 8 ,1 8 1
July 1 to A p ril 30.
\ 1900-1........ Gross, 556,978; net, 174}3 o l
For year ending June 3 0 ,1 9 0 1 , gross, $668,4S4; net, $155,517; in ­
terest, $105,926; taxes, $16,000; balance, surplus, $33,511. In 1899-0,
gross, $630,354: net, $163,816.—(Y. 71, p. 1 1 6 5 ; V. 73, p. 4 4 2 .)
L o u is v ille A J e ffe r s o n v ille B r id g e C o .—One-half m ile long
and the approaches on e mile; opened for all business Jan. 1 ,18 96 . The
com pany also owns about 40 acres o f land in Louisville and 100 acre®
in Jeffersonville. The B ig Four and Chesapeake A Ohio use the
bridge. Capital stock is $1,425,000; par, $100.
B o n d s .— The m ortgage o f 1895 is for $5,000,000 (trustee U. S. Trust
Co. o f N. Y. and Union Trust Co. o f Indianapolis); bonds for $2,000,000
are reserved for future construction, etc.; the bonds are guaranteed by
the Chesapeake A Ohio and Cleveland C. C. A St. L. roads, in whose in­
terest the entire stock is owned. See V. 61, p. 559. In July, 1899,
earnings sufficed to m eet both expenses and charges.—(V. 62, p. 84.)
L o u is v ille A N a s h v ille R R . —(See M ap .)—R o a d .—Operates main
line from Cincinnati. O., to New Orleans, La., 921 miles, with branches
to St. Louis, M o.,M em phis, Tenn., etc., 2,352 miles, m aking total sys­
tem proper June 31, 1901, 3,273 miles. The system includes :
Lines owned absolutely or
Reported separately.
Miles.
through capital stock.........Miles.
1]Nashville Chatt. & St. L® uls..942
Louisville to N ashville........... 185 ff Georgia Railroad system ....... 624
Sundry other lin e s .................. 2,859 Operated for other go ’ s ............... 6 2
Lines leased, <£c.
Owned but leased to other oo’s. 71
USouth & North Ala. R R ....... 189 Do. Paducah A Mem. D iv ........ 254
ff Henderson B rid g e ................
10 Birm. South (half st’k ow n e d ). 67
Other lin es.................................
30 Birin. Selma A New O rlea n s... 31

i L o i d ^ a u a A A r k a n s a s R y . —('Nee M a p . —Stamps, A rk., to
W innfield, La , 125 miles. E xtension undei con traction northerly from
Stamps to H ope, 23 m iles,to be finished N ov., 19« 2; aiso proposed
southerly from W innfleldto A lexandria, 55 miles, easterly from Winnfleld to Natchez, Miss., 89 m iles.
a ,
In corp orated in A rkansas June 1 0 ,1 9 0 2 , to exten d the ch artor of
the Louisiana & A ikansas R a ilroa d , all o f the p rop erty o f which was
taken over. V. 75, p. 135.
Se c u r itie s . - S tock , $1,750,000, shares par. $100, to be deposited
w ith the Standard Trust Co. o f New Y o ik under a v otin g trust fo r VO
yearp. Four dividends ra id at irregu lar Intervals by the railroad in
1900 and 1901; in June, 1 90 2,7 p.c. declared. Present bonded debt o f
the railroad, $900,000 at 6 p. e., is to be paid ( ff, and a n e w issue o f
$1 50< 000 of 5 p. c. 25-Tear 1 onds of the railw ay is to 1 e put on the
p roperty about Sept., 1902, for refunding, betterm ents, equipm ent
and extensions; total authorized issue, $7,000,000, o f w hich $1,000,000 reserved fo r bridges across B lack and R ed rivers, and the balance
lim ited to $20,0< 0 per m ile o f com pleted rai road. The entire am ount
outstanding, but no part, w ill be subject to redem ption at 1 1 0 after
Sept. 1 1907. Beginning with 1907 a sinking fund o f $55,000 per an­
num to’buy b on d sa t 1lO oru n d er, or, failin g purchases, m ay be invested
in savings bank s e c unites.
L atest E a r n h gs .—5 m os January-M ay, 1902: C ross, $206,086; op ­
erating expen ses and taxes, $118.12*-; net, $87,958. Calendar years
Total system proper
Total o f all June 30, ’01..5,324
3 ,2 7 3
1901 an t 1 9 0 0 :
ff See this com pany.
Year
Miles. Gross. O p ex.d taxes. Net.
Charges. Balanee.
In Feb., 1902, sold Cecilia Br., 46 miles, for $1,000,000.—V. 74, p. 326.
1901
.. 92 $ 4 0 4 ,8 -2 $255,235 $149,597 $24,268 $125,329
In O ctober, 1900, extension com pleted from Andalusia, Ala.,
190 0 ‘. ~
. 70
265,035
151,845
113,190
8,264
104,926
to Geneva, about 45 miles, and in A pr., 1902, being further ex­
President, William Buchanan, Texarkana, A rk.—(V. 75, p. 235.)
tended to Marianna, 45 miles. In June, L 00, extension proposed from
L o u i s i a n a & N o r t h w e s t R R . —Owns M agnolia, A rk., to a point A ttalla to Oneonta, Ala., 35 miles, o f which 9 m. com pleted; also pro­
8 m iles south of B ienville ; trackage, Magnolia, to MoNicl, 6 ^ miles;
posed to purchase 7 ^ miles o f graded road extending from Camden,
total 86*2 miles. E xtension from southerly terminus to N atchitoches, A la., southeast. V. 70, p. 1291. In A pril, 1902, acquired Birm. Selma
La 36 miles, is to be com pleted b y June 3 0 ,1 9 0 2 . Lease to J. D. A New Orleans R R .. 60 miles, and Shelby R R ., 19 m ; in Aug., 1 9 0 1 ,
Beardsley canceled. Stock, $3,000,000 authorized; issued Jan., 1896, Shelby ville Bloomfield A Ohio RR.. 26 m. V 73. p. 391; Y. 74, p. 1038.
$700 000 , par, $100. Loans and bills payable June 30, 1901, $*-6 6 ,I d A pr., 1902, acquired control o f the Atlanta K n oxville & Northern
530 Trustee o f first m ortgage bonds, P eople’s Trust Co., B rook­ Ry., K n oxville, Tenn., to Marietta, Ga., 205 miles, with 25-mile branch
lyn ’ N. Y. There are also 50-year gold consols at $7,500 per mile, and trackage to Atlanta, Ga., 20 miles, and was proposing to build a
all ow ned by com pany. Y ear ending June 30, 1901 (7 8 ^ miles), gross, con n ectin g line from Jellico, Tenn., to K n oxville, 65 miles, giving the
T
$122 999; net, $62,202; int.. taxes and rental, $ 1 4 ,6 9 f; bai., surplus, L. & N. a direct line between Cincinnati and Atlanta. - V. 74, p. 775.
$47,507. Gen. Man., J. D. Beardsley, Gibsland, La.—(V. 73, p. 957.)
O r g a n i z a t i o n , A C .— This com pany was chartered Maroh 2 , 1 8 5 0 , and
l opened between Louisville and Nashville November, 1859. The liabili^ L o u i s i a n a S o u t h e r n ^ R y . - S e e p a g e 175.]
3U8
0R

j c]5^Wewoka/
»

blester

•H olden vilkT r''

P u rcell

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F rancis

i^nad&i
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H ic k o r

Mena

Hot Springs

*>•/ Tuskaliom a

{ jO R A N T

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V ernon
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Clarksville

G ainesville

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STOCKS

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irow nw ood

Sh r e v e p o r t

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Palestine

Collins

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Lampasas

F7
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Temple

Leesville

Bremom

C l u 'n e y v i U e

Cumeron

JULY, 1902. j

M AP

OF

THE

LOUISIANA & ARKANSAS RY.
A N D CO N N EC TIO N S.
I

Bav*>ii San*
X
Slaughter

Colm i'snoil

BATON ROUGE

Pbr; Alio!.
Buna'

De Q uincey

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INVESTORS’

8f

SUPPLEMENT
Gosport

Garrdllton

1
— rl?l°omfiQId
\ /
/
Seymour!
N. Vernon
\ /V /
/ Bedfords
I Ayr
A*
//A incennes
TMitchell
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/ / >
& / Washington A
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/ |j
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/
.
L /A
t. Carmel

Newton
Vandali

Altom

Grfceusburg'

Columbus

Sulliva:
ramont

Litchfield

Uardenne

[VOL. L X X V .

M

Hillsboro

Georgetown
Portsmouth.

ikpalTnonVc

S/J Princeton,
^JHuntinb’g
Tamaroa

Grayson

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Crystal/Cy,
Chestei

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Mineral Pt. X k *
Murphysbori

B A R D S T. JC
LEBANON

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C.Girardeaui

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PROVIDENCE
D elta

Taducai
Dexter
Poplar
Bluff

O
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J Ricjnand
5-Gallatin
^Saundersville

union Cy.
U Rives
Knobel.

Galne8boro
Robbins
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c v ^ ^ l

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Rockwood,
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HUNTSVILL

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New Albany
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Ft.Galnes

Albany

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Ozark

State Line

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C o lu m b ia \^ ° B la k e ly
Evorgreeir

Magnolia

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Hattiesburg

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Pollard

Valdosta

Clinton

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Monticehto
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W

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Shell B.

M A P OF T IIE

LOUISVILLE & NASHVILLE
RAILROAD SYSTEM.

RAILROAD

J u l y , 190 2. J

STOCKS

AND

83

RONDS

Bonus—B n neiIN TEREST OR DIVID EN DS.
Miles Date Size, or
pal,W hen Due.
A m ount
When
of
of
Pai
ayable
For explanation o f colum n headings, &c., see notes
Outstanding Rate per Payable W here PWhom. and by Stocks—Last
Road. Bonds Value.
Cent.
on first page o f tables.
Dividend.
r a il r o a d s

.

■e
e
C
O

JjOui8ville & N a s h v ille —(C oncluded)—
1891 $ 1 ,0 0 0
8t. Louis property, 1st M., gold, $ 6 5 0 ,0 0 0 .S S t.c
i7 9 1895
1 ,0 0 0
L. &N. and Mob. & M on t.join t b d s .,ls t M., g.Ce.c*
160 1881
Pens.&At. 1st M ..gold,s.f.,dr’n at 1 1 0 assum ed.c*
1 ,0 0 0
49 1876
1 ,0 0 0
Kentucky Central—M aysville & Lex. HR. m ort...
220 1887
1 ,0 0 0
New m ortgage ($7,000,000) g o l d .M p ..............o*
105 1887
1 ,0 0 0
Nashv. F lor.A Sheff., 1st M., g.,assu. in l9 0 0 .C e .c
£200
So.& N o.A la .,lst M., s.f., not dr’n, guar, by L.& N. 189 1873
189 1880 $ 1 ,0 0 0
2d M., gold, s.f., $2,000,000, (ow ned by L.& N.)
1.000
Consol, m ort. (for $10,000,000), g., gu ar.C e.c* 189 1886
1902 l,0 0 0 & c
L. & N.-So. jo in t M., $ lb ,500,000, red. a f.’ 07..e&r
Louisville New Alb tny <& Chicago. See C h ic a g o I n d i ANAJPO LIS & L
20
20
Lykens Valley—Stock. Rental pays 5 per cen t.......
97 1896
1,000
Macon & B irm ing.—l&X M., $500,000, g o ld .O R ...c
94 1901
1,000
Macon Dub. <•S a tn -ls t M ., $1,500,000 g.,red.at 110
£
....
100
M a in e C e n tr a l—
Stock and scrip i$ l 2 ,0 t 0 ,0 0 0 )...
1st consol, m ort., > ($269,500 5 s ) ...................... c&r \ 304 51872 100 &c.
c 1872 100 &e.
$9,000,000....... 5 ($3,265,500 4 s ) ................... c<fer
41 1883
1 ,0 0 0
Collateral trust bonds for Mt. D esert Branch A B e
1 ,0 0 0
Sinking fd. 10-20s, gold, old 6s, ext. Feb. 1 / 9 5 . . c .... 1885
.... 1886 1,000
Im provem ent b on d s,“ A ,’’ gold, not m ort., 8. f.N R
.... 1887 1,000
Do
do
“ B” cur., n ot m ort., s. f . B B
56 1893
1,000
Me. Cent. Eu. & No. Am. refunding m ort., g o ld ...
48 1890
1,000
1st M. P en obscot Shore Line R R. Co., assumed.
48 1891
1,000
K . < L. 2d m ortgage (for $400,000) a ss u m .B B
fe
....
100
European & N. A m . stock, 5 p. o. rental 999 years 120
....
100
Portland & Ogdens, stock (2 p. c. rental, 999 years) 109
1,000
Con. M., ($800,000 are 3 ^ s) gu p. < i.e n d .B B .c 109 1888
fe
.... 1887-9 1,000
P ortlan d U n . S tation M .,ser. “ A ” & “ B ” te x t s.f.
17
100
D exter < Piscataquis stock 5 p.c. rental 999years.
fe
17 1889
1,000
1st M., D exter to D o v e i, etc., guar, b y e n d .B B
b A lso $8,400,000 are p ledged to secure collat,l trust bonds of 1898
000, e $36,000
w ere ow n ed by the Co. on Jan., 1902, viz.; c $2,000,
ties fo r interest on the auxiliary roafis are treated m ostly as belonging
directly to the Louisville & Nashville Co. A list o f the securities owned
and in sinking fu n d June 3 0 ,1 9 0 1 , was in V. * 3, p. 727, 732.
7
In April. 1902, • P. Morgan & Co. consented to take over and control
).
for the benefit o f all concerned a m ajority o f the st ock, including the
shares purchased b y John W. Gates and associates, w hose opera­
tions threatened a “ corner.” There w ill, it is stated, be no changed in
the m anagem ent. V. 74, p. 830, 1038.
St o c k .— Increase from $ 5,000.000 to $60,000,000 authorized in
1893.—V. 57, p. 596, 809. In A pril, 1902, the $5,000,000 stock w as
issued fo r A tlanta K n ox v ille & Nor. R y. and exten sion . See above.
D rv.— > ,83-,87. >88. ’ 89. ’ 90. ’91. ’ 92. ’ 93. ’94-’98. ’ 99. 1900. ’01. ’ 02.
P. c. \ None. 5stk. 5stk. 6
5
4
4
None. 3 ^
4
5
5
In 1890, of the 6 p. c. paid, 49*0 P- c. w as in stock.
B onds .—The Evansv. S en d er. < Nashv. bonds are draw n at 110 b y lot
&
annually in O ctober, for paym ent D ec. 1 in amounts increasing each
five years until $150,000 per year is finally reached ; in 1901, $55,000.
The Pensacola D ivision bonds are subject to a drawing sinking fund
$5,000 till 1900, inclusive, then $10,000, and so increasing.
The general mortgage bonds o f 1880 are called at 110 in in creasing
amounts each year; $310,000 v ere paid June 1 ,1 9 0 2 .—V. 74, p. 680.
In June, 1890, the “ xm iiied ” mortgage (trustee, Central Trust Com­
pany) for $75,000,000 was authorized, $41,917,660 bonds being re­
served to retire all prior liens (none o f the prior liens can be extended),
the balance fo r im provem ents, extensions (at the rate o f $32,000 per
m ile, including equipm ent), and for other purposes. The m ortgage c o v ­
ers (besides 1,292 miles o f road and its equipment) $25,992,535 stock
of com panies controlled, and $3,150,000 bonds free from an* lien. See
abstract o f m ortgage in V. 51, p. 613; also V. 72, p. 1< 34, 1188. In
M ar , 1902, com pany reported $41,164,000 issued, o f which $3,488,000
in the treasury. T otal listed on N. Y. Stock E xch an ge $29,276,000
in Mar., 1902. See V. 74, p. 577.
L ouisville C incinnati < L exington general m ortgage bonds are
&
now lim ited to $3,258,000. V. 63, p. 1010.
Mobile < Montgomery—Louisville dt Nashville jo in t m ortgage is for
£
$5,000,000, a first lien on 1 7 8 ^ m iles M obile to M ontgom ery; $1,000,000 reserved fo r Im provem ents. V. 61, p. 196, 750.
K entucky Central m ortgage abstract V. 45, p. 372.
Pensacola < A tlantic first m ortgage bonds (assumed) are gradually
£
being called for the sinking fund at 110.
St. Louis term inal prr/perty bonds c over freight terminals.
The collateral trust bonds o f 1898 (see below ) are secured b y deposit
with the U. S. Trust Co., as m ortgage trustee, o f $9,520.00< L. < N.
fc
unified 4s and $2,720,000 L. A N. Paducah A Memphis division bonds,
the latter cov erin g the road from Paducah, K y., to Memphis, Tenn.,
254 miles. The loan is subject to call at par on and after April 1,
1903.—V. 66, p. 337; V. 68, p. 87.
F inances .—Since July 1, 1894, the “ construction a ccou n t”
has been closed. A m ount o f perm anent im provem ents charged In
Ope rat ng exjicu.HCH in 1900-1 wan .*1,474,503; in 1899-0, $ 1,021 .843.
I n J u n e , 1 9 0 2 , t h e L M iis v ille
N a s h v i lle a n d th e S o u t h e r n R a ilw a y
a c q u ir e d a m e j o i i t y o f th e $ 1 5 ,5 0 0 ,0 0 0 C h ic a g o I n d ia n a p o lis <fc L o u is ­
v ille s t o c k in e x c h a n g e f o r t h e ir j o i n t 5 0 -y e a r 4 p e r c e n t b o n d s on th e
b a sis o f 7 8 f o r th e c o m m o n a n d 9 0 l o r th e p r e f e r r e d s t ck o r o p t i o n ­
a lly 6 0 p e r c e n t o f th e p u r c h a s e p r i c e in c a s h . V . 7 4 , p . 1 0 3 8 .
A n n u a l R e p o e t .— A n n u a l m e e t in g is h e ld m L o u is v ille th e fir s t W e d ­
n e s d a y in O ct. P r e lim in a r y s t a t e m erit f o r 1 9 0 1 -2 ( p a r t l y e s t im a t e d )
w a s in V . 7 5 , p. 7 5 . R e p o r t 1 9 0 0 -0 1 in V . 7 3 , p . 7 1 9 , 7 2 6 ; s e e a ls o
p. 8 9 0 .
T ear en d. J u n e 30.
1002,
1901.
1900.
1899.
A v era g e m ile a g e ....
......
3 ,1 8 9
3 ,0 0 7
2 ,9 8 8
F r e ig h t e a r n i n g s . . . .
. . . . . . . . . . . . $ 2 0 ,4 1 9 ,1 6 2 $ 2 0 ,6 9 9 ,7 7 9 $ 1 7 ,1 0 0 ,7 1 5
P a s s e n g e r s .................. . . . ..............
5 ,7 4 2 ,5 8 1
5 ,2 3 8 ,8 1 4
4 ,9 0 5 ,5 8 4
M a li, e x p r e s s , e tc .* ............
X,8 6 0 ,4 6 4
1 .8 0 4 ,2 8 8
1 .7 5 3 ,1 8 7
G ro s s e a r n in g s ___ $ 3 0 J 8 0 .0 5 7 $ 2 8 ,0 2 2 ,2 0 7 $ 2 7 ,7 4 2 ,3 7 9 * 2 3 ,7 5 9 ,4 8 5
O p e r. e x p e n s e s ......... 2 0 9 1 0 ,2 1 5
1 8 ,2 3 3 ,0 3 3
1 8 ,6 0 3 ,4 0 6 1 5 ,7 3 1 ,5 8 7
N et e a rn in g * . . . . . . .
9 ,7 6 9 ,8 4 2
0 ,7 8 0 ,1 7 6
9 ,1 3 8 ,9 7 3
8 ,0 2 7 ,8 0 8
N et. in ch in v « T s . , & 0 1 0 ,7 6 2 ,5 3 3
1 0 ,4 9 3 ,8 6 1
9 ,7 8 9 .0 1 8
8 .5 6 m,5 4 3
D ed u c t— V n x m . . . .
*8*20,000
$ 8 1 3 ,5 3 8
$ 7 8 5 ,5 6 8
$ 7 3 5 ,3 3 0
In te r e s t an d r e n t . . .
4 ,9 8 7 ,0 1 8
5 ,1 5 1 ,7 3 6
4 ,9 9 6 ,6 1 2
4 ,9 7 1 ,7 0 2
G e o r g ia lift , d e fic it .
....
.............................. ...........
1 2 ,6 8 7
L oss on o th e r r o a d s ..
168
.
...
3,641
... ....
A d v ’ s to H * N , A » e f o
1 3 0 ,4 4 2
1 1 8 ,5 7 4
2 5 3 ,6 9 0
9 4 ,7 4 4
8 In k in g Pel p a y tn T s 1 4 1 ,1 0 0
1 2 8 ,0 0 0
1 3 0 /2 7 0
1 2 7 ,1 8 0
D i v i d e n d s .. . .
. . . {5 )2 ,8 7 5 ,0 0 0 (5 )2 .8 9 5 ,0 0 0 (4 )2 ,1 1 2 ,0 0 0 f3 % 0 1 HiHOoo
B u rp, o v e r d iv id 'd * . $ 1 ,7 9 9 ,8 0 5 $ 1 ,5 8 6 ,1 13 $ 1 ,5 0 7 ,2 3 7
$ 7 7 8 ,9 0 0
O
.v :\ im m m n , A u g u s t B e lm o n t, N. V.; P r e s id e n t , M. I f , Hmli.h,
L o u is v ille ; T r e a s u r e r , W. w . T h o m p s o n ; S e c r e t a r y , J, H Kllla. Lm ile
v llle ; A ssist. Bee. an d A s sis t. T r e e s ., A . W . M e rrie s, 1 2 0 6 roa d w a y , N. Y.
O lre'f.or«. W f E Oitkmnn, F, A.. H.ornejr, Arigeef- JUUmwif, IDuirv Ifnm z, W ,
G* fisOOU II. K. Garth, John L WsM-rnurr, New York; Joh n M A ih erlou , M H,
8 faith, AffJlla -'o x ,
K v. J. L, H e) ra. Kllzntajthi e w n, Ky.; G. M,
Lane. BotffiOft Kwlntoh Kills, Phlladfiohlft.
7 7 4 , p. 5 2 8 , 5 7 7 , 0 8 0 , 775* 8 3 0 , 8 8 3 , 9 8 7 ,1 0 3 8 , 1 0 8 9 ; V, 7 5 , p* 75 ,

1Jo.)

h o u U v , N ew

A l b a n y Sc C l i f e . —Hen C m c A d O UG l At L o i is v ,
C o s l C o . - O w i t a fr o m M lllo r s b u r g , Pft., to
w illia ib s t o w n , P a ,, 2 0 m iles, N e w lea se to N o r th e r n C e n tr a l m a d e
A p r il 2 0 , 1 8 9 6 . term in a b le on 6 0 days* n o t ic e by e it h e r p a r t y . R en ta l
$ 3 5 ,0 0 0 p e r a n n u m ,— see V . 6 4 , p , 3 3 0 .
M jfU v n m V a l l e y It 14. A

J$617,000
4,000,000
11,731,000
400,000
J6,700,000
k l , 996,000
£64 5,4 0 0
Own. L. & N.
$4,779,000
See text.
OUISVILLE.

5
4^
6
7
4
5
6
G
5
4

g. M. & 8.
g. M. & 8.
g. F. & A.
J. & J.
g. J. & J.
g. F. & A.
g. M. & N.
g. A . & O,
g. F. & A.
fe
g. J. < J .

600,000 5 in 1901
500,000
5 g.
1,410,000
5 g.
4,977,000
6
4,193,500
5 &7
4,790,500 4 & 4 ^
669,000
5
600,000
4 ^ g,
2 0 0 ,0 0 0
4*2 g.
250,000
4*2
1,000,000
4 g.
=
4
1,300,000
400,000
5
5
2,494,100
2
4,392,538
2,119,000 3 ^ & 5
300,000
4
122,000
5
4
175,000
and $3,488 000 were
, f $15,000, «: $189,000

Q .- J .
J. & J.
J.
J.
Q.—J .
A. & O.
A. < O.
fe
J. & D.
F. & A.
J. & J.
J. & J.
J. & J.
F. & A.
F. & A.
A . & C.
Q .-F .2 8
Mo & N.
J. & J.
J. & J.
J. & J.
in the tr
, hi$581

St. Louis, St. L. Tr. Co.
N. Y ., 120 B roadw ay,
do
do
do
do
N. Y ., 120 B roadw ay,
do
do
Lond., B aring B ros.,L ’d
N .Y ., Office, 120 B ’ way.
N .Y ., Office, 120 B ’way.
In t’st from J u ly 1, ’ 02.
S. Y ., Office, 13 Wm. St.
B oston, Old C olony Tr.
N .Y., 1st N. Bk. & Chic.
Portand, Me., Office.
} B oston, 2d National 5
S Bank & Portland (
B ost., Am .L.& Tr.; Port.
Portland Tr. Co., Port.
B os.,2d NatT Bk.; Port.
do
do
B oston and Portland.
B oston, Sec. Nat. Bk.
do
do
B angor, Treas. Office.
Portland, Me. Cent. Of.
B os.,2d NatT Bk. < Port
fe
P ortl’ d, Me., & Boston.
D over, Me., Office.
B os., 2d Nat’l B k ., Port.
easury Mar , 1902. A dd
,000, i $884,000, j$ 4 2 .0

Meh.
Sept.
Aug.
Jan.
July
Aug.
May
Apr.
A ug.
J u ly

1,
1,
1,
1,
1,
1,
1,
1,
1,
1,

1916
1945
1921
1906
1987
1937
1903
1910
1936
1952

J u ly ,’02, 1^4%
J u ly 1, 1946
J u ly 1, 1951
J u ly 1, ’ 02, 1 ^
Apr. 1, 1912
A pr. 1, 1912
June 1, 1923
Feh. 1, 1905
July., 1916
Ju ly, 1917
Jan. 1, 1933
Aug. 1, 1920
Feb. 1. 1921
A pr.15,’0 2 .2 ^
May 3 1 /0 2 ,
Nov. 1. 1908
J ’ne27, Jan.29
July, ’0 2 ,2 i« %
July 1, 1929
iti’n ’l am ounts
00, k $ 1 00 ,0 00

M a c o n Sc B i r m i n g l i a m B y , —Owns Sofkee Jun ction to La
Grange, Ga., 97 miles. A reorganization o f M acon & Birmingham
R ailroad sold in foreclosu re Dec. 27, 1895.
E arn ing s .—11 mos., >1901-2......... .........Gross, $115,537; net, $453
Ju ly 1 to May 31. s 1 9 0 0 -L.............. . ..G ross, 101,727; net, 3,659
In year 1900-01 gross, $ 1 0 8 ,3 8 1 ; def. under op exp., $4,778; int.
on bonds. $25,000, n ot paid. In 1899-00, gross, $79,904; deficit under
op. exp ., $7,821.—(Y. 62, p. 1040.)
M a c o n D u b l i n Sc S a v a n n a h R R . —See p age 171,
M a in e C e n tra l R R . —Line o f road, P ortland to V anceboro, Me., via
A ugusta, 251 m iles; branches, Cumberland Junction to Skowhegan,
v ia Lew iston 91 m iles; Bath to Lew iston and Farm ington, 76 m iles;
b ra n ch e s- Belfast, D exter, B ucksport and Mt. Desert, inclu din g ferry,
(7*7 m iles), 132 miles; Portland & Ogdensburg R y., Portland, Me., to
Lunenberg, 110 m ile s ; small branches, 7 miles; U pper Coos and H ere­
ford railways, Lunenberg, N. H ., to Lim e Ridge, Quebec, 108 miles;
Bath to R ockland (including steam ferry, 6-10 miles,) 49 m iles; total,
824 miles, o f which 395 m iles owned, 388 m iles operated under 999
year leases, and practically ow n ed ; 33 miles operated under 50-year
leases and 8 miles ferry lines.
St o c k .—Stock for$ 2,5 16 ,0 00 ow ned by B oston & Maine. Y. 72, p. 988.
D iv id e n d s — )
1882.
1883.
1884 to Jan., 1902
Per cen t
S
2
5^
6 yearly
B onds .—There are also $81,000 M aine Shore Line 6s, due 1 9 2 2 ;
also $118,500 B elfast < Moosehead Lake m ortgage bonds, due 1920,
fc
not guaranteed, iuterest and sinking fund paid out o f the rental;
A n droscoggin & K en n ebec stock and bonds, $11,000, exchangeable
for M. c . stock. Jointly w ith B. < M. guarantees $300,000 Port.
fc
Union 8tation bonds.
A n n u a l R e p o r t .— R eport fo r 1900-01 was in V. 73, p. 1007.
Years en d .m n e 30: 1901.
1900.
1899.
1898.
Gross earn in gs.$5,868,547
$5,612,923
$5,022,098
$4,758,801
Net e a rn in g s.... 1708,863
1,711,248
1,617,037
1,647,436
Other incom e...
92,390
85,744
81,071
63,040
Net in co m e .$1,801,253
$1,796,992
$1,698,108
$1,710,476
Interest...............
604,222
$584,870
$599,365
$633,907
R ents...................
592,922
646,526
647,090
648,121
D ividends.......
298,554
298,544
' 298,531
298,527
Sinking fu n d ...
29,440
2C
*,440
29,440
29,440
Charged o il.......
200,000
1 5 3 ,4 6 7
70,003
Bal., surp. .
$76,115
$84,146
$53,679
$100,481
- ( V . 72. p. 988; V. 7 3 ,p. 4 4 2 , 10U 7.)
M a n a o 8 R y . - V . 7 3 , p. 1208.
M a n c l i e * t e r Sc D aw r e n c © R R . —Owns from M anchester, N. H .,to
Methuen (State Line). 22*4 miles. Leased for 50 years from September
1, 1887, to Boston & M dne at a rental paying 10 p. o dividends. In
1895 a dividend o f 50 p. ct. was paid from p roceeds C. < M. suit.—(V.
fe
62, p. 869; V. 70, p. 532; V. 73, p. 1264.)
M a n h a t t a n R y . ( E l e v a t e d ) . —R o a d - O w n s a ll th e e le v a t e d r a il­
r o a d s in b o r o UKh s o f M a n h a tta n arid th e B r o n x , N .Y . C ity , m a in lin e
a n d b r a n c h e s , 37*2 m ile s , d o u b le d -t r a c k e d . E x t e n s i o n o f 1*9 m ile s ,
to F orrlh a m c o m p le t e d in 1 9 0 1 . V . 7 0 , p. 1 7 6 , 6 3 3 . In J u l y , ’ 0 2 , o p e r ­
a t e d as a th ir d -r a il e le c t r ic s y s t e m o n 2 d A v e ., a ls o la r g e ly c n 3<i A v e .,
a n d w o r k w a s p r o g r e s s in g o n t h e 6 th a n d 9 th A v e . lin e s . V . 7 5 , p . 1 3 5 .
S t o c k .— I n c r e a s e d in M a r c h ,1 8 9 9 , fr o m $ 3 0 ,0 0 0 ,0 0 0 to $ 4 8 ,0 0 0 ,0 0 0 t o
m e e t c o s t o f e le c t r ic a l e q u ip m e n t , e t c — V. 6 8 , p . 2 3 2 , 2 8 2 , 3 8 0 , 4 2 8 , 6 1 7 .
B o n d s ,— Consolidated mortgage (tr u s te e , C e n tr a l T r u s t C o.) Is lim ite d
on p r e s e n t m ile a g e t o $ 4 0 ,0 0 0 ,0 0 0 , a n d w ill p r o v id e fo r p r io r b o n d s
w h en d u e. A m o u n t s b e y o n d $ 4 0 ,0 0 0 ,0 0 0 m a y b e is s u e d f o r e x t e n s io n s
a t th e r a te o f $ 3 0 u ,0 0 0 p e r m ile o f s in g le a n d $ 6 0 0 ,0 0 0 p e r m ile o f
d o u b le tr a c k . iBee a b s t r a c t o f m o r t g a g e in V. 5 1 , p. 2 4 8 , a n d a p p lic a ­
tion t o N e w Y o r k B toek E x c h a n g e in V . 5 2 , p . 3 5 8 .) O f th e c o n s o ls
th e c o m p a n y it s e lf In A p r ., 1 9 0 2 , h o ld $ 3 0 0 ,0 0 0 a g a in s t ” s p e c ia l a c ­
c o u n t ” am t $ 4 2 ,0 0 0 c o n s o ls t o r e d e e m c o n v e r t ib l e c e r t . V . 6 9 , p. 1 3 1 .
g e n e r a l F in a n c e s .
In A p r ., 1 9 0 2 , e le c t r ic s e r v ic e w a s c o m p le t e on
th e S e c o n d A v e . tin e, a n d w ill lie g r a d u a lly e x t e n d e d over all th e o t h e r
lin e s . ( V. 7 4 , p. 5 7 7 , 7 7 5 .) T h e n ew m e th o d o f o p e r a t io n it Is b e lie v e d
w ill In cr e a s e th e e llle te n e y a n d e c o n o m y o f I he s e r v T e e n d n e t
ea rn m g s o f th e s y s te m a n d tilu ce th e s t o c k , as liic r e j.s e d to $ 4 8 ,0 0 0 ,o o o , u p o n a 5-p e r - cent biu is. V.75,p. 185. Sec ‘ ‘ s t o c k ” above. H a s traffic
ag m o m e n t u n til 10 04 w ith T h ird A v e n u e R R s y s te m p r o v id in g f o r
t r a n s fe r s t o and. fr o m b oth lin e s . V. 0 8 , p. 0 7 2 ; Y . 7 0 , p. ,1249.
T o M a y , 1HD8, c la im * a g g r e g a t in g $ 8 ,8 4 7 ,8 5 4 h a d b e e n p a id a s d a m ­
a g e s to a b u t tin g p r o p e r t y a n d o t h e r c a s e s w e r e b e fo r e th e c o u r ts . Hoe
GMitONfOLE, V 0 0 , p, 9 5 4 , an d V. 0 7 , p. 7 8 0 . A s to p e r s o n a l p r o p e r t y
ta x a s s e s s m e n t, se e V. 0 6 , p 0 5 4 ; V 07 , p, 2 2 2 ; V. 0 8 , p . 12 8 2 , an d
V, 7 1 . n. 11 20 , A m o u n t o f t a x e s In lit ig a t io n M «r. 3 1 , 1 9 0 2 , p e r b a l­
a n c e sh e e t, $ 3 ,2 2 4 ,8 0 1 . (V. 0 7 , p. 1053 )
O f th e p r o c e e d s o f th e $ 1 8 ,0 0 0 ,0 0 0 In cr e a s e d s t o c k , th e U tilised p e r
U on . a lo n g w ith o th e r fu n d s (In a ll $0,140,005 cm M ar. 3 1 , 1 0 0 2 ),
w a s lo a n e d o u t on c o lla t e r a l.
D i v i d e n d s . { ‘ 8 7 / 8 8 . ’ 8 9 . *90, '91 90. ’9 7 , ’ 98 , '9 9 , ’ 00 . 'O 1, 10 02 ,
S in c e HO. I'.C t. \ 0 5 Heo b e lo w . O y r ly . 4 D
i
4
4 4 f u e l ,J u l y 3
in 1HH9 l In c a s h a n d I ’ srin s c r ip ; in 18 90 , ibs ca sh a m i l H s c r ip .
E v r n in o h . F o r 9 m o n th s e n d in g M a r, 3.1:
9 V’ Om,
C ross.
A ct.
Dili in c.
TnJ J<tr% c,
d
1901 2 . . . $7.H O H ,00! $ 8 ,0 9 1 ,1 8 3 $ 5 1 4 ,5 1 1 $ 2 ,0 4 3 ,8 7 1 $ 2 ,1 0 1 ,8 2 3
2 , 9 9 2 , 13 0
5 9 5 ,3 I i
2 .9 3 0 ,1 3 8
1 ,5 5 7 ,2 0 9
1(i oo* 1 ........ 6 ,9 1 7 ,0 8 0

A

R

V)

T u c s o n ^ y ) ilcox-

o

ivK

INVESTORS’ SUPPLEMENT.

.v _ i.AS'g'O

Nayi S I ? ' °

w

C '*
O

i f 0'- -

►

MAP OF THE

MEXICAN CENTRAL RAILWAY
AND

C O N N E C T IO N S.

.Tlaxiaco
v.
o
O c'

A

HONDURAS

J u l y 1902.J

R AILROAD

STOCKS

AND

8T

BONDS

Bonds - P rin ci­
INTEREST OR DIVID EN DS.
Miles Date Size, or
pal,W hen Due.
A m ount
R ate per W hen Where P ayable, and by Stocks—Last
Par
of
of
For explanation o f colum n headings, <fcc., see notes
Road. Bonds Value. Outstanding Cent.
Payable
Whom.
on first page o f tables.
Dividend.
__________________ R A ILR O A D S.___________________

Maine Central—(C oncluded)—
53
H ereford R ’y stock (4 p. c. rental fo r 999 yea rs).
53
1st m ortgage, guar. p. & i. (endorsed)................
55
U pper Coos HR. stock, 6 p. o. rental 999 years.
22
1st m ort., guar. p. & i. (endorsed)........................
33
E xtension M., $21,000 p. m ., guar. p. & i.(end.)
14
D exter & N ewport, stock, 5 p .c. from N ov. 25, ’98
14
1st M. (old 6s refund, in 1897) gu. p. & i. end.*
19
Eastern Maine, stock, 4*2 p. ct., rental 999 years
22
Ranches. & L a w —Stock, 1 0 p.c.ren’lt ill 1937,B.&M.
...
R eal estate bonds (not m ort.) int. gu. b y B.& M e 0
36
Manhattan Elevated.—Consol, stock, $48,000,000..
18
M etropol. El. 1st M., $600,000 p. m., ass’d.g.C* .c*
32
N. Y. El. deb., secured b y consol, m ort. o f 1890.
32
M anhattan E levated consol, mort., gold.Ce.o~&r
M anistique Marquette & North1 —1st m o r t , gold
n
9
M an. < P ikes1 P eak B y .- lstM .,$ r 00,000, g U p c
&
34
Mar, & Phoenxx < S. Riv. V. RR.—JS .&P. 1st M. g..c
£
L
43
M & P .& S.R.Y.M .,g., $750,000 (V .67 ,p .l3 57 ). SGo
40
M aryland < Penn,— York < Peach Bot. M. (text)
&
te
84
1st m ort., $1,200,000, gold, call at 105.U JeR a c*
84
Inc. M., $900,004, 4% cum ., call at par. U B a ..
Mason C vy < Fort D dge—1st m ortgage, g o ld ........
£
<
37
Massawiyrpv—Stock guar, same div. as Conn.&Pass.
23
M eadzille (Jonneaut L a ke & Lin esvil le—1st M .......
M e x ic a n C en tra l—1st M. (unassented) inclu. scrip
2,689
Consol, m ortgage, $32,000 per m., gold. K B . c*&r
1st cons. inc. & scrip,n.-eum. ($9,600p.m. ),g. A B e* 2.689
2d con.inc.$6,400p.m .red.at50% to A u g.’ 29 A B e * 2.689
R egistered incom e bonds and scrip, unassented.r
....
E quipm ent bonds, $50,000 called yearly at p a r..
do $ 5 0 ,0 0 0 y ’ly A u g .l); re \ 1 0 2 b eg .’ lO O B .c*
ColLtr. bonds, g., sec, b y ccns. 4s, call par. U S c *

1890

....

1890
1890

....
....
....
1892
....

1897

1878
1886
1890
1902
1891
1886
1895
1882
1901
1901
1891
1881
1889
1889
1889
1881
1897
1899
1902

$100
1,000
100
1,000
1,000
100
100
100
1,000
100
* &$
1,000
ljOOOAc
1,000
1,000
1,000
1,000
i,ooo
.......
100
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000

$800,000
4
4
800,000
6
350,000
4
350,000
4 xs
693,000
5
122,000
175,000
4
4^
200.000
1,000,000
10
274,000
4
47,999,700 4 In 1901
10,818,000
6 g.
1,000,000
5
28,065,000
4 g.
500,000
5 g.
5
500,000
540,000
6 g.
78,000
249,950
i g4 g.
550.000
900.000 3 in 1901
4 g.
N ’ne A p , ’02
»00,000
6
200,000
5
288,000
(7) 4
66,677,000
4 g.
20,563,100
3 g.
11,282,000
3
370,200
3
750,000
5 g.
850,000
5 g.
4L>2\
1 0 ,000,000

M. & N.
M. & N.
M. & N.
M. & N.
M. & N.
J. & J.
M. & S.
M. & N.
M. < N.
fe
J. & J.
Q .- J .
J. & J.
M. & S.
A . & O.
M. & N.
A. & O.
M. & N.
M. & N.
Text.
M. & S.
A. & O.

Portland, Me. Cent. Of.
B oston, 2d NatT Bank.
Portland, Me., Office.
Boat., 2d.Nat. Bk.; Port.
Portland, Me., Office.
Treas’rs Office,Portland
Seo. N B k .,f o s.& P o rtl.
Rocklan-i Me., Office.
M anchester and Boston.
B oston, B. & M. RR.
N. Y ., 195 Broadway.
N. Y ., Mercantile Tr. Co.
N. Y ., M ercantile Tr.Co.
do
do
U nion Tr. Co., D etroit.
See text.
N .Y., Farm . L. & Tr. Co.
do
do

F. < A.
fe
J. & J.
J. & J.
J. & J.
July 10

B oston, 8, D. & Tr. Co.
Mer. Nt. Bk., Me ad v.Pa.
Boston, SafeDep.&Tr. Co
do
do
St. Louis, w hen earned.

May, 1902, 2%
M ay 1, 1930
M ay, 1902, 3%
M ay 1, 1930
May 1, 1930
July, ’ 02, 2 ^ %
Sept 1, 1917
May, ’02, 214 %
May X, ’ 02, 5%
Jan. 1, 1922
July 1, ’02, 1%
July 1, 1908
Mch. 1, 1916
Apr. 1, 1990
M ay 1, 1952
Oct. 1, 1909
N ov. 1, 1916
Dec. 23, 1925
A p r . 1, 1932
N .Y .,B row n B rcs.& B alt Mch. 1, 1951
A pr. 1, 1951

A n g .i /0 2 ,3 %
July 1, 1921
July 1, 1911
July 1, 1911
Jan. 10. 193&
Jan. 10, 1939
July 1
July 1, 1911
A. & O. 01.C ol.T.C o.,Bos.& Lon, Apr. 1, 1917
A. & O.
do
do
Oct. 1, 1919
F. At A 8f, T onis NT''T Y^rtr F p> 1. 1Q07
.
V
v

miles: leases M exican Union R v.. l i m iles; La Vega t o 3an Marcos.^
29 miles; total Mar 1, 1902, 2,711 miles, standard gauge. A ll 56~
pound steel.
The Zapotlan extension was com pleted in 1901 toT u x p a n , 120 m iles
from Guadalajara, the Parral extension to El R osario, 96 miles, and
the R io Verue extension, San B artolo to Rio Yerde, 25 miles (the
latter n ot yet operated).—Y. 74, p. ' 035.
In June, 1901, the M onterey & Mexican Gulf R R ., Tam pico to G en­
eral Trevino, 388 miles, was acquired, and is bein g extended from Tre­
vin o to the San Pedro branch, about 150 m iles, b y w hich w ill be reached
the main line at Torreon. E xtension was also nroposed from Lecheria.
near Ci y of M exico, to V elasco, near Tam pico, 225 miles, to be com ­
B alance after d ivid en d s...eu r.$402,335 sur.$109,513 def.$259,488 pleted by end o f 1904, this inclu din g the Pachuca, Zacualtipan & Tam ­
Y r.8ep.30. Passengers. Earnings. I Y r.8ep.30. Passengers. Earnings- p ico Ry. (purchased), exten d in g from Sandoval to Apulco. etc., about
1895- 9 6 ..1 8 2 ,4 3 7 ,2 4 4 $9,352,115 1898-99.-177,204,558 $9,325,111 7 0 rniiep, the unconstructed port on carrv ing a subsidy in 5 per cent
1896- 9 7.-183,184,641 9,359,732 1 1899 0 0 ..18 3,7 8 8,8 51
9,950,735
Mexican G overnm ent silver bonds at $10,000 per m ile, j he M exican
1897- 98. .1 ' 9,728.356 9,204,466 1 1900-01.. 194,152.316 10,455,872 Cuernavaca & Pacific, M ex co to Balsas River, is to be purchased and
—(Y. 73, p. 1061,1208; V. 74, p. 4 1 ,9 4 , 427, 5 77 ,68 0 , 776, 1038; V. 75, extended to a c puleo on the Pacific Ocean, abou t 150 miles. —(V*. 74,
p 1196; Y. 73, p. 337, 95“ ; V. 74, p. 729, 1035 )
p. 135.)
J l a n i f c t i q a e U la r q n e t t e <fc N o r t h e r n K B . —M anistique, M ich *
O r g a n iz a t io n .— Incorporated February 25, 1880, under the g en era l:
on Lake M ichigan, n orth eily to Shingleton, on the Duluth So. Shore & law o f Massachusetts, and also holds a charter from the M exican G ovA tlantic, 29 miles, formerl> the Manistique & N orthwestern R y., pur­ ftrnment. D ebt readjusted in 1889—see V. 48, p. 191, 292, 327 see
chased in A pril, 1902. To be extended 30 m iles and operated in <on- also M exican Central Ry. Securities Co., Lim ited, below . In Mar.,
Dection with a car ferry betw een M anistique and N orthport, on the 1901, a syndicate h ead -d b y EL Clav Pierce o f St. Louis, and closely
Traverse City Leelenau & Manistique R R ., to he built from Norrhport allied w ith that con trolling the St. Louis A San F rancisco RR.. ac­
to Traverse ( itv, 25 miles, as an extension of the Grand R apids
n
quired a m ajority o f the stock. See “ Finances 9 b e lo w .—V. 72, p. 627,
dlana PiR. V. 74, p. 776. In corporated in A pril, 1902. A uthorized 873; V. 75, p 29.
stock, $2,000,000. The Union Trust Co. o f D etroit is m ortgage trustee.
Su b sid y .—J an. 1, 1902, there was le ft o f the subsidy in trust $2,077,
Y. 75, p. 135. President, R. R. M etheany; V ice-P resident and Treas , 3 5 3 ,to be used whenever necessary for the paym ent o f principal and
D. W. Kaufman; s ec’ y, B. B. M etheany.— (V. 74, p. 883; V. 75, p.135.)
interest o f the consolidated m ortgage bonds, $111,579, having been so
used in 1900. Of the $3,000,000 o f M exican G overnm ent bonds re­
M a r s t i e l d S a v a n n a h <k U e l i l n g l o n R R - Y . 73, p. 900.
I t t a r i c o p a 6c P h o e n i x <fc S a lt R i v e r V a l l e y R R . - S e e p. 175. ceivable under Tam pico H arbor concession for a depth o f 22 feet,
$2,790,000 (in M exican Governm ent 6 per cen t bonds) had been re­
ITIar) l a n d 6c P e n n s y l v a n i a K K . —B altim ore, Md., to Y ork, Pa . ceived in A pril, 1895, corresponding to a depth o f 20 feet, and these
80 miles, with branch. D elta to Peach B ottom , 4 m.; total 84 m iles A were exchanged in 1895 fo r $2,934,600 of 5 p. c. G overnm ent bonds.
consolidation early in 1901 o f the Baltim ore & Lehigh RR. and York
St o c k —Stock authorized, $25,600 p er m ile; outstanding, $47,960,**
Southern RR. per plan V. 72, p. 339.
000, In $100 shares.
Stoc k and B onds .—Stock authorized, $3,600,000, o f which $ ’ ,E97,B onds .—Of the priority bonds $1,403,000 were paid off with proceeds
500 reserved fo r future requirem ents. In 1902 the authorized issue of
the first 4s was reduced from $2,700,000 to $1,200,000, o f which of subsidy collections, interest ceasing A pril 10, 1891; the balance,
$2.r 0,000 are reserved to retire the Y ork and Peach B ottom 5s and $5,597,000, is held as an investm ent by the trustee o f the con soli­
$400,000 additional for future purposes. V. 74, p. 94, 427. York and dated m ortgage. See Y. 52, p. 390. The consol, m ort., 4 p. 0., covers
Peach Bottom , Series “ A ,” bonds are for $47,500. interest A . & O.; 4 B,f the entire property, all old firsts deposited, and the subsidy earned and
4
to be earned. (See abstract of m ortgage in C h r o n ic l e , V.' 49, p. 177.)
bonds for $202,450, Int. M. A N. In 1901 3 per cent paid on incomes.
In Mar,, 1901, in addition to the $65,643,000 co n so l,4 s show n above
E arnings—9 months, t 1901-2.... Gross, $195,232; net, $58,449
$3,268,000 had been certified b y the trustee, o f which $322,000 held
J u ly 1 t o M ar. 3 r ,
5 1 9 0 0 -1
. . . . G r o s s , 1 7 9 ,2 5 5 ; n e t, 4 3 ,0 0 3
fo r exchanges, $1,775,000 as collateral for equipm ent bonds, $1,000,P f j 'ORT.— F o r y e a r e n d in g F e b , 2 8 , 1 9 0 2 , g r o s s , $ 2 6 1 ,9 2 0 ; n e t, $ 8 0 ,000 purchased by trustee under subsidy trust fund and $171,000
8 2 1 ; c h a r g e s , $ 3 4 , 4 9 7 ; 1 a h , hut,, $ 4 6 ,3 2 4 . P r e s ., J o h n W ils o n B r o v n.
issued to and ow ned b y the com pan y.—Y. 71, p. 1220. B oth series of
- V . 74, p. 94, 427, 1139 )
incom es are aon-cum. and secured by one indenture to the Am erican
L. A T. Co. o f B oston. First incom es received 3 p. c. interest in 1890,
Ml a n o n C i t y 6c F t , D o d g e K R . — O w n s r o a d fr o m M a son C ity , la .,
1891 and 1892 ; none since. In March, 1901, $3,200,000 first incom es
to LehJgh, fa ,, 8 8 m ile s , a n d b r a n c h , 4 m ile s . I n M a r ., 1 0 0 1 , C h ic a g o
were issu ed .' Y. 72, p. 627, 880.
G t. W e s te r n in te r e s t s a c q u ir e d a il t h e s t o c k a n d b o n d s , a n d w ill e x ­

M a n h a t t a n B y . —(Concluded.)
A n n u a l R e p o r t —Annual m eeting is held the second W ednesday in
N ovem ber. R eport fo r y ear 1900-01 w as given in V. 73, p. 336, and
report fo r year ending Sept. 30, 1901, in Y. 73, p. 1057.
Year ending June 30—
1901.
1900,
1899.
Gross earnings.............................. $9,416,887
$9,138,573 $8,719,495
3,905,953
3,458,329
Net over operating e x p ............... 4,163,658
Other in com e...........
836,383
831,325
340,600
Interest, rentals and ta x e s____
2,677,706
2,707,765
2,678,416
D ividends...................................... (4)1,920,000 (4)1,920,000 (4)1,380,000

te n d th e lin e n o r t h e r ly fr o m M a s o n C ity t o M a n ly J e t ., 12 m ile s
( c o m p u t e d N o r ., 1 9 0 1 ), a n d fr o m H a m p to n t o C la r io n , 3 0 m ile s
(c o m p le t e d J u ly , 1 9 0 2 ), a t c o n n e c t io n s w ith th e C h ic a g o G r e a t
W e s t ; a ls o in 1 9 0 2 s o u t h w e s t e r ly t o on a h a a n d w est t o 81 o n x C ity ,
a b o u t 2 5 0 rrn lee a d d it io n a l; th e t w o C. G . W. bran oh e fr o m Il& y flo ld ,
M in n .,t o M a i i l y J e f , l a . , 4 9 m ile s , an d fr o m W a v e r !e y t o H a m p t o n , la ..
4 2 m ile s, a r r a n g e d to he tr a n s fe r r e d in M a r., 1 9 0 2 , w ill e x t e n d th e r o a d
m Unis p r o p o s e d e a s te r ly to th e CL G . W , m a in lin e . T h e r o a d ie o p e r ­
a te d as a p a r t o f th e C. G , W. s y s te m u m ie r an a g r e e m e n t d a te d A p r .
I , 1 9 0 1 , r u n n in g f o r 1 0 0 y e a r s , p r o v id in g t h a t a ll nr l e a r n in g s a b o v e
4 p er c e n t in t e r e s t o n n e w b o n d s to b e is su e d sh a ll g o t o th e la t t e r , th e
s t o c k to be e x c h a n g e d fo r C h ic . G t. W e s te r n c o m m o n B lock , d o lla r fo r
d o lla r . (V . 7 3 , p 5 S o 8 1 0 , 7 2 2 . ) Iri y e a r e n d in g J u n e 3 0 . 1 9 0 1 , g r o s s ,
$ 2 6 3 ,0 0 3 ; n et, $ 1 4 5 ,9 0 6 . (V . 6 8 , p. 9 7 7 ; V. 7 2 , p . 5 8 1 ; V. 7 3 , p . ‘0 1 0 )
T h i m i w l p p l V a l l e y l i y P r o v i n c e L in e t o L e n o x v illa , Q u o ,, 3 4
m ile s, w ith b r a n c h . 3rn ; t r a c k a g e t o S h e r b r o o k e , QUO., 3 in .; to t a l, 4 0
m ile s. L e a s e d fo r 9 9 9 yearn fr o m J u ly 1, '7 0 , to th e C o n n e c t ic u t A Fan
mimpftio R iv e r s UK. S t o c k , $ 8 0 0 ,0 0 0 ; p a r o f s h a r e s $ 1 0 0 ; d iv id e n d s
p a y a b le F eb. a n d A u g - F D iv id e n d s fo r m e r ly 5 p. 0 ; 6 p. 0 . s i n c e
la r e I, 1 8 0 7 , O f th e s t o c k , $ 4 0 0 ,0 0 0 o w n e d b y th e C o n n , fo P a s. R iv e r
Is depfm iterj tin d e r Its m o r t g a g e an d $ 5 0 ,0 0 0 1h r e p r e s e n t e d b y
C on n eo ti c u t T r u s t ft Hafe 1)ep o?d t Go, o f JD irt fo r d 5 p e r c e n t tru st c o r
l o c a t e s , fHee H n v v l y . m i;,vr o f O c t o b e r , 19 0 1 .)
T le u d v ll Ie C o i} u rn «i t L a k e < Id n e i v i I I s . — M ead Vi lie to L in es
V
F a., v 1 m ile s , a n d b r a n c h e s , 2 m ile s ; to t a l, 23 m ile s. L e a s e d to
J u n e 8, 1 9 8 9 , to P itt* b u r g B e s se m e r A L a k e E r ie U K ,; r e n ta l, 2 5 p e r
c e n t or g r o s e a r n in g s . H took, $ 2 0 0 ,0 0 0 ; p a r, $ 5 0 .
TI e m 1 *It 1* H e l e n a dr. I , c*n i s in u n I l y , V , 7 8 , p 1 160.
T Ic %\i a n C e n t r a l R y , f d m i i * cl ( TI <•% I e o ) . — f Her. \faft.) M ilea g e
M ain lin e M exie.o <M y n o r t h t o J u a r e z C ity , 1 ,2 2 4 m ile s, 1 0 7 m iles
on T a m p ic o D iv is io n , 12 m ile s on O u a n a )im to B r a n c h , 161 tu lles on
i l b - s e n A m c c a E x t., 4 4 m ile s on F aelium i
D iv is io n , B ar c x fen s Pen v» m iles, 4 0 m ile s on L a g u n a Ex t. a n d o th e r
b r a n c h e s 12 m i le s ; M e x ic o C ity B e lt L in e , 6 m ile s; P arr al ex ter.
s lo n .d im ln e z t o R o s a r-o , 9 6 m iles;
arc o r a e x t e n s io n , Y u rw vim ro to
T in g e in d in, 74 m ile s; 7 m pot Ian e x t e n s io n . G n s d a l s ja r a to 3 'u x p - n ,1 2 0
m lies; R io V e r d e e x to tislo.fi« 2 » m ile s; T a t u p ic o t o G e n e r a l Tr< v in o
fo r m e r M o n t e r e y A M e x ic a n G tilf, o p e r a t e d fr o m M ar. t, 1.9 0 2 ), 3 8 9

In J a n u a r y , 1 9 0 2 , th e c o m p a n y is s u e d $ 1 0 ,0 0 0 ,0 0 0 c o lla t e r a l t r u s t
5-.y e a r 4 % p e r c e n t b o n d s , s e c u r e d b y $ 1 6 ,1 2 9 ,0 0 0 c o n s o lid a t e d 4 s
h e ld in t h e t r e a s u r y , th e p r o c e e d s o f w h ic h w e r e u se d t o r e tir e t h e
$ 6 ,0 0 0 ,0 0 0 n o t e s is s u e d in p a y m e n t o f M o n t e r e y A M e x ic a n G u l f R R .,
t h e b a la n c e t o b e a p p lie d t o ) 5 0 -m ile e x t e n s io n o f t h a t r o a d t o m a th
lin e , p a y m e n t o f a b o u t $ 2 , 0 0 0 / 0 0 flo a tin g d e b t, im p r o v e m e n t s , e t c .
B ee V. 7 3 , p. 9 5 7 ; V . 7 4 , p. 2 0 5 , 7 2 8 ; V . 7 5 , p. 29.

F i na nc es , - A rea d ju stm en t plan to retire the in com es, etc., and to
improve? the financial position o f the c o m p a n y was e x p e c te d shortly in
J u ly , 1 9 0 2 .

K ah ni nus . - M e x ic a n c u r . } 1 9 0 2 ... G r o s s , $ 8 ,5 4 " ,8 8 0 ; n e t, $ 2 ,7 2 2 ,7 9 4
J a n . 1 to M ay 31 (5 m o s .) S 1 9 0 1 ....G r o s s , 7 ,4 2 9 ,7 2 5 , n et, 2 ,1 8 5 ,3 4 3
A n n u a l R e p o r t - F is ca l y e a r e n d s D e o . 31 . R e p o r t f o r 1901 w a s
g iv e n Jn V. 7 4 , p. 9 8 3 , 1 0 3 4 ; se e a ls o e d it o r ia l, p. 9 6 8 ,
T he g ross
e a r n in g s b e lo w a r e M e x i c a n c u r r e n c y ; all o th e r fig u r e s If. 8 c u r r e n c y .
T h e c o m p a n y r e c e iv e d fo r Its M e x ic a n d o lla r s an a v e r a g e 0 / 47*82 in
1 9 0 1 , 48*92 c e n t s In 1 9 0 0 , 48*41 c e n t s in 18 99 .
INCOME ACCOUNT (U. K (HJRRENOV EXCEPT AH INDICATED).
.
Y e a r e n d i n g D ec, 31 —
19 0 1 .
1900
18 9 9 .
18 9 8 .
A v ’ g e m ile s o p e r a te d
4 ,1 3 5
2 ,0 5 4
2 ,0 1 0
1 ,9 5 0
GroHH e a r n s M ex.etir $ 1 7 ,4 9 3 ,0 7 3 $ 1 7 ,2 2 3 ,8 7 8 $ 1 5 ,6 0 3 ,0 6 5 $ 1 3 ,5 8 8 .9 (5 0
N et ea rn s. M ex e u r .. $ 4 ,9 8 6 . 0 6 8 $ 5 ,3 7 3 ,6 8 3 $ 5 ,1 9 9 ,0 9 5 $ 4 , 12 7.53 4
D o d o In U S , e u r
2 ,5 * 4 ,3 9 8
2 ,0 2 8 .5 7 7
2 ,5 1 0 ,9 0 1
2 ,0 6 2 ,8 0 5
MlttCeL In U. H, c u r .
1 8 2 ,3 1 7
1 1 5 ,7 2 0
187,1 10
1 4 2 .8 5 8
Net, I n c o m e . .
F ixed ch a rg es.

$ 2 ,5 0 7 ,1 15
2 ,9 3> ,270

B a lan ce
(if.$ 3 7 0 ,1 6 1
H ubs’ y a c 't In U .B m ur
l 4 5 ,0 0 0

$ 2 , 7 4 4,29V
2,7 38,20 4
h u e $ 0 ,0 9 3

N on e.

$2 ,7 0 4 ,8 7 1
2,0 64,87 3

$ 2 ,2 0 5 ,6 6 2
2 ,0 70,05 2

s u r ,$ 9 9 ,l 0 8 dr.$ 44 O ,90 O
4 9 ,2 2 3
4 7 7 ,9 4 7

R e s u lt, roir . . . . .
$ 1 7 1 ,8 3 0
$ 0 ,0 0 3
$ 1 1 8 ,4 2 1
$ 0 0 ,9 5 7
Gltal? man o f H oard, U. ( May Fierce* ProftM, A A. R o b ln e m i; D m o p
1
r o lle r , G a h r h I M e r t o n . O th ee. 4 3 2 O liv e HL.
1
L o u is . M o. D ire c ­
to r * . * a v . 1 0 0 2 . V. 7 4 , p . 9 8 8 . (V . 7 4 , p, 2 0 5 , 5 2 s 7 2 2 9 8 3 , 98H,
i 0 3 L 1 i m , V. 7 5 , P. 2 9 , 7 7 .)
m i e x l e n ti L e n t ru I I l y . Neeai ri
G o . % f . l m l l e t l . —T his depOsItary c o m p a n y w as fo r m e d In 1 89 9 , p er pla n in V. 08 , p. 3 3 1 , to a c q u i r e

INVESTORS’

88

SUPPLEMENT,

[V ol . L X X V .

Bonus—n m o lINTEREST OR DIVIDENDS.
Miles Date Size, or
pal,When Due.
Amount
of
Par
of
When Where Payable, and by Stocks—Last
For explanation o f column headings, &c., see notes
Rate per
Road. Bonds Value. Outstanding Cent. Payable
Whom.
on first page o f tables.
Dividend.
RAILROADS.

Ifez. Cent. R y Securities Go.,Lim.—A deb.stock 4%
r fifth, fttofik. 4%. cu m ...............................................
Mex. Ini.—Pr. lien,£1,200,000,red.at par. 17n.xo*<fcr 615
1st con. M., $16,000,000,g ,stp.gu.p.&i.Mp.xc*&r 848
Incom e 4% bonds (no m ort.), non-cumulative—
M e x ica n N ation a l—Bee NATIONAL RR. OF M exi CO.
83
Mexican Northern—Stook.............................................
83
1st m ort.,U . S. gold coin, s.f. n ot called.Mo.c*<fcr
1st preference'stock, 8 per c e n t....'........................
9fl preference stock, 6 per cent..............................
Perpetual 6 per cent debenture stock....................
Mexican So. Ry., Lim .—Ordinary shs., £1,000,000.
1st M. 4% deb. stock, £700,000, red. 110. (Text)
2d M. 4% deb. stock, £600,000 red. at par, 90 y ’rs
Mex. Ouemav. < Pax.—1st M., g., $25,000 p. m .M e.
£
M ich ig a n C en tra l—Stock.........................................
1st m ortgage, $18,000,000, gold G ................. o&r
M. C. Michigan Air Line, 1st m ortg a g e.U n .. c&r
M .C.lst M. on Det. < Bay City ($4,000,000).U n.e
fc
do
do
do
... r
M. C. 1st m ort on Grand River Val. R R .IJ n ---- c*
M. C. 1st mort. on Kalamazoo & S. H a v e n .lln ..r
M. C. 1st M. Term. $1,500,000 (V. 64, p. 886).CAr
Mich. Cent. IstM . on Jack.Lans. Saginaw, g ,o*<fcr
Jaok.Lans.& Sag. s to c k ^ ^ p .c . y’rly, guar.by end.
Grand River Valley stook, rental in perpetuity...
Det. & B. City bridge bonds, end., no mort. lien
Bav City & Bat. C. 1st M., g., gu.p.& i. end.M p..c*
Bat. C. < Sturgis 1st M., g., gu. p. & i. e n d .M p .c’
fc
Joliet & North. Indiana IstM ., guar. p.&i. (end.).c
a E xclusive o f $550,000 held by sinking fund.

....
321

£100 £3.841,524
1899
1899
100
3,841,524
1897 £100&C $5,850,000
1897 $500&C.
6.983.000
4.499.000
....
1890
....

100
1,000
£10
£10
£10
£10

228 1896
228 1896
310 1893
1,000
....
....
100
. .. .
270 1902
115 1890 1,000&C
152 1881
1,000
152 1881 l.OOO&c
84 ’ 79-’ 86 1,000
39 1889 l.OOO&c
.... 1896 1,000&C
350 1901
1,000
.... ....
100
....
100
84
.... 1873 1,000
1,000
18 1889
1,000
41 1889
45 1877
1,000

3,000,000
a l , 110,000
£2,254,720
2,554,100
1,011,960
2,000,000
£1,000,000
650.000
594,786
130.000
cl8,738,000
10,000,000
2,600,000
^ 3,576,000
1,500,000
700,000
725,000
2,000,000
2,000,000
491,200
150,000
250,000
421,000
800,000

4
J & J 15
London.
4
J & J 15 London, when earned.
4 1 g. M. & S. London, Speyer Bros. Sept. 1, 1947
e
N. Y ., 25 Broad St.
4 g. M. & S.
Sept. 1, 1977
Sept. 1
See text. Q .-M . N. Y., office, 27 Wm. St. June 2,’0 2,1
s%
do
do
6 g. J. & D.
Deo. 1, 1910
See text. M. & N. Glyn, M. C. & Co., Lon. M’y 15,’02, 14%
•
6
2is in ’ 01
4
4
5 g.
4 in 1902
3 *2 g.
4
5 5
l
5
6
5
4 g.
3hg.
3%
5
8
3 g.
3 g.
7

J. & J.
Nov.
F. & A.
F. & A.
A. & O.
J. & J.
M. & N
J. & J.
M. & S.
Q .-M .
M. & 8.
M. & N.
J. & J.
M. & 8.
M. & S.
J. & J.
M. & N.
J. & D.
J. & D.
J.IO-J.IO

Glyn, M. C. & Co., Lon.

Perpetual.
Nov. 1 ,’ 0 1 ,2i«

N. Y., Merc. Trust Co.
N. Y. Gr. Cent. Station.
Reg.at G.C.S; cp.atG.T.
Rg.atG.C.S.; cp.atU.Tr.
N. Y., Union Trust Co.
N.Y.,Gr’ dCent. Station.
N. Y ., Union Trust Co.
N. Y., Gr. Cent. Stat’n.
Rg.at G.C.S. ;cp.at U.Tr.
Rg.atG.C.S.; cp.atG.Tr.
N. Y., Gr. Cent. Station.
Jackson, Mich.
N. Y ., Union Trust Co.
do
do
do
do
N. Y ., Farm. L.&Tr. Co.

Oot. 1 ,1943
July 29, ’02, 2
May 1. 1952
Jan. 1, 1940
Mch. 1, 1931
Moh. 1, 1931
Sept. 1, 1909
Nov. 1, 1939
July 1, 1941
Sept. 1, 1951
Mch. 1 ,’02, 1%
J u ly ,’ 02, 2i 2 %
May 1, 1903
Deo. 1, 1989
Dec. 1, 1989
July 1 0,1907

c Of which $16,814 .300 held by N. Y. Ce ntral & H. R. RR. Co.

B onds ,—Battle Creek & Sturgis bonds for $500,000, but o f this $79,the 4 per cent consols o f the Mexican Central Ry. “ and to issue in their
place tw o classes of securities.” The share capital was raised hy a pay­ 000 was sub-guaranteed by the Lake Shore & Michigan Southern, 7
ment of £ 2 for each $1,000 bond deposited, for expenses, etc. Each miles of tne B. C. & 8. being operated by that com pany The $2,$1,000 bond deposited will receive £102 “ A ” and £102 “ B” debenture 000,000 3^8 o f >901 are a first m ortgage on the Jackson Lansing &
stock, constituting a first and second charge respectively upon the Saginaw RR., 350 m iles—(7 . 73, p. 1061.) In April, 190?, $18,000,000
deposited securities, both secured by the same deed o f m ortgage to o f S^s were authorized, dated M ay 1,1902, o f which $10,000,000
Right Hon. Lord Hillingdon, Right Hon. Lord Revelstoke and H. W. were sold to retire the first 5s and 7s, maturing on that date, the
remaining $ 8 ,000,000 being reserved for additions, improvements,
Smitliers, trustees. Frederick M. Spankie, Secretary, 3 Graoechurch
etc. V. 74, p. 728.
Street, London, E. C.—(V. 68, p. 331, 524.)
E a r n in g s .—F o r 6 m o s . ending June 3 0 (1 9 0 2 partly estimated):
M e x ic a n 'Eastern R B . - V . 74, p. 478.
6 mos.—
Gross.
Net.
Changes.
Dive.
Bat , sur.
M e x ic a n In te r n a tio n a l R R .—(Fee Map, page 8 6 ) —Owns in
Mexico a standard gauge road from the centre o f the International 1 9 0 2 ............. $ 8 ,8 4 6 ,0 0 0 $ 1 ,8 3 0 ,0 0 0 $ 1 ,3 1 0 ,0 0 0 $ 3 7 4 ,7 6 0 $ 1 4 5 ,2 4 0
1901............ 8,815,957 1.777,995
1,380,313 374,760
22,922
Bridge over the R io Grande between Eagle Pass, Tex. (where connecA n n u al R e p o r t .— R e p o r t fo r 1 9 0 1 w a s in V . 7 4 , p . 1 0 3 5 .
tion ism ad e with the Southern P a cid o , and CiudadPorfirio Diaz, via
Year ending Dec. 31.
1901.
1900
1899.
Torreon, on Mexican Central, to Durango, 540 nu., with branches, 90
m.; Reata to Monterey, 72 m.; branch to Tlahualilo, 43 m ; new branch, Gross earnings............................... $18,490,273 $16,730,131 $15,504,062
extension Durango to Tepehuanec via Santiago Papasquiaro. 135 Op. exp. and taxes......................... 14,745,964 13,229,490 12,004,116
miles, com pleted in 1902; total, 880 miles. Extension proposed from Net earnings.................................... $3,744,309 $3,500,641 *$3,499,946
Durango to Mazatlan, on the Pacific Coast. Organized under laws o f Net,inol’g other in c.......................
3,814,048
3,545,735 3,544,624
Connecticut.
Rentals paid....................................
1*4,310
184,310
184,310
In April, 1902, control of the road ($15,786,100 of the stock) was Interest on d ebt.............................. 2,271,250
2,219,908 2,229,975
taken over by the National RR. o f Mexico as per plan V. 73, p. 784.
Can. Southern share........................
375,238
300,852
300,574
S t o c k .— Authorized $25,000,000; issued Jan., 1902, $20,708,200.
New second track ...........................
210,000
80,000
65,000
Miscellaneous.................................
............
4,402
10,326
B o n d s . —In 1897 reorganized, reducing fixed charges on 659
Dividends.......................................... (4)749,520 (4)749,520 (4)749,520
miles from $605,360 to about $448,650. Consol. 4s for $3,690,000
Surplus......................................
$23,776
$6,743
$4,919
m ay be issued at $10,000 per mile on 369 m iles of proposed branches
and $800,000 are reserved for betterments, etc. The total issue o f - ( V . 73, p. 1 2 6 0 ; V. 74, p. 94, 728, 988, 1 0 3 5 , 1139, 1355.)
consols is limited to $16,000,000. The National RR. o i M exico under
M ic liig a n & Olito B e lt L in e R R . —V. 74, p. 327.
agreement o f June 30,1 90 2 , is stamping the consols as guaranteed
M id d le to w n I; iiio n v ille Sc W a t e r G ap R R .—(Fee Map N. Y.
principal anti interest V. 75, p. 77. Prior Ren 4Ljs, see V. 65, p. 151,
Susquehanna < Western.)—Owns from Middletown, N.Y., to Unionville.
6
1071. Consol. 4s of 1897 listed on N. Y. Stock Exchange Feb., 1898.
N. J. State line, 13-65 miles. Stock, $149,850; par, $50. Controlled
See application in Y. 66, p. 341.
through ownership of stook by New York Susquehanna & Western,
E ar n in g s —Mex. cur’ c y . ) 1902........ Gross, $2,111,196; net, $837,144
which pays interest on bonds. In year ending June 30, 1901, gross,
Jan. 1 to Apr. 3 0 ,4 mos. 51901.........Gross, 1,959,983; net, 878,053
$63,274; net, $12,584; charges $21,923; bal., deficit for year, $9,339.
A nnual R e p o r t .—Report for year ending Deo. 31,1901, was given at In 1899-00, gross, $61,759; net, $14,589.—(Y. 64, p. 664.)
length in V. 74, p. 772, 783; see also editorial, p. 753, showing earnings
M ill Creek Sc M in e H i l l N a v ig a tio n Sc R R . —Mill Creek Jo. to
as follows: Gross on average o f 848 miles, $5,960,825 (Mexican cur- Broad Mtn., Pa., 3-8 miles; branch 3-3; 2d track 3 ’8 m.; total track,
rencv); net, $2,370,672; in U. S. money, net, including other incom e, 33 miles. Leased in 1861 for 999 years to Phila. & Read. RR., lease
$1 155,262; interest, etc., $559,660; ba!., surplus,$595,602. Pres., J. G. assumed in 189b by Phila. & Reading Railway; rental $33,000 and
Metcalfe. N. Y. office, 25 BroadSt.—(V.74, p. 7 7 2 , 7 8 3 ; V. 75, p. 77.) taxes.
M e x ic a n N a tio n a l R R . —See National RR. o f M exico.
M llle n Sc S o n tliw e s te rn R R . —Millen to Stillmore, Ga., 32
M e x ic a n N o rth e rn R y .—Owns from Escalon, M exico, on the miles. In July, 1902, extensions were proposed from Still more south
to Waycross, b0 miles (of which 21 miles from Stillmore to Vuialia was
Mexioan Central Ry., to Sierra Mojada, 83 miles, all steel.
com pleted), and from Millen northeast to the Savannah River, 30
S t o c k .— Capital stock is $3,000,000; see application for listing on
miles. Stock June 30,1900,$39,000. In July, 1902, made a m ort­
N. Y. Stock Exchange in full, Y. 64, p. 619.
gage for $800,000 to the Citizens’ Bank o f Savannah, as trustee. V.
1902.
D iv id e n d s . . . . > 1892. 1893. 1894. 1895 99. ’00. 01.
4 h Inc.June, 13j 75. p 77. For year ending June 30,1901, gross, $42,485; net, $9,433,
P e r c e n t ___ S 6L)
6 Lj
6
4 yearly. 5
against $12,374 in 1899-0. (President, D. B. Durden; Secretary,
In 1901, Mar., 1^4 P- c.; June, If* p. o.; Sept., 1 p c.; Deo., 1 p. 0.; Treasurer and Gen. Mgr., Frank R. Durden. Office, Monte, Ga.—V. 75,
1902, March, l p. c.; June,
p. c.
p. 77.
B o n d s .—The mortgage is for $1,660,000, o f which $507,000 held by
M ilw a u k e e B e n to n H a r b o r Sc C o ia m b u s R y .—See p. 175.
the sinking fund in June, 1900. See V. 60, p. 482.
M ilw a u k e e A L a k e W in n e b a g o R R . —(See Wisconsin Central.)
A n n u a l R e p o r t .—Earnings as follow s in U. S. cu rren cy:
M ilw a u k e e A M in n e s o ta R R . —V. 74, p. 427.
Year
Gross.
Net. Other inc. Charges.
Divid. Surplus.
1900-i901 ..$642,132 $262,720 $39,262 $137,285 $142,500 $22,197
M in e H i l l A S c h u y lk ill H a v e n R R . —See page 175.
1899-1900 .. 638 552
255,185 31,226 131,804 142,500
12,107
M in e ra l R a n g e R R . —See p. 171.
1893-1899 . 749 859
347,834 41,161 137,772 120,000 131,223
M in n e a p o lis A St. L o u is R R . —(Fee M ap.)—Owns main line
_<V . 69, p. 1012; V. 70, p. 280; V. 72, p. 581, 1011; V. 74, p. 1089.)
Minneapolis to Angus, la., 260 miles; Western Div., Hopkins to WaterM e x i c a n R a il w a y , L im it e d .—See page 175.
town, S D., 215 miles; Kalo Branoh, lLj miles; Lake Park Branch, l 1
*
M e x ic a n S o u th e rn R y ., h i m .—Seepage 175.
m .; Winthrop, Minn., to Storm Lake, Minn., 154 miles. Leases track­
M e x ic o C u ern a v a ca A P h c . R R . —M exico to Balsas River, 182 age from Minneapolis to St. Paul over St. Paul & North. Pao, RR., 10
miles, in operation, and projected to A capulco, about 153 miles.—V. m iles; total operated, 642 miles. Also owns, but leases to Bur. C. R.
69 p 332. As to subsidy from Mex. G ov’t, see V. 67, p. 901. In & Nor., A lbert Lea to Iow a State Line, 13 m. In Jan., 1902, branoh
June 1902, the M exican Central proposed to exercise its option to to White Bear Lake, 13 m., was sold to North. Paoiflo.—(V.74, p. 94.1
purchase the road and extend it to Acapulco, on the Pacific Ocean,
H is t o r y .—A reorganization in Oot., 1894, per plan in V. 59, p. 371,
about 150 miles. Stock, $6,000,000; par, $100; outstanding Apr., ’02, of Railtvay foreclosed under improvement and equipment mortgage.
$3 872 000. Pres, and Gen. Mgr., J. H. Hampson, M exico City, Mex.;
In Feb., 1899, purchased (V. 68, p. 672,) from the Rook Island 123
Sec., W. O. Staples. M exico City; Treas., E. Edgar Wilson, Denver, miles, Morton to W atertown, So. Dak., part of the 217 miles o f the
Col.—(V. 69, p. 3 3 2 ; V. 74, p. 1196.)
unbonded Wis. Minn. & Pao. theretofore operated by Minn. & St.
M i c h i g a n C e n t r a l R R . —(<See Map adjoining New York Central Louis, but accounts kept separate. Also built extension New Ulm
branch through rioh grain and live-stock country to 111. Central RR.
v a a e i—l i n e o f R o a d .—Main line—Kensington to Detroit, 270 miles
ana ’ Windsor to Suspension Bridge (Canada Southern), 226 miles; at Storm Lake, la., 135 miles, which was com pleted about July 1,
total main line. 496 miles. Branches owned and leased 1,147 m iles; 1900. V. 68, p. 130. In June, 1900, persons identified with Minn. &
traokage (HI. Cent.) into Chicago under perpetual lease, 14 miles; total, St. L. obtained control o f the Iow a Central Ry. V. 70, p. 1249.
January 1, 1902, 1,657 miles. There are 303 miles of second track
Stock .—The capital stook Is, common, $6,000,000; preferred,5 p. c..
and 1 024 miles of side tracks. In Feb., 1902, join tly with Lake Shore non-cumulative, $4,000,000. The preferred is entitled to dividends at
& Mich. So. took over Detroit Toledo & Milwaukee RR., Allegan to De­ 5 per cent, and then common to 5 per cent, then both share pro rata.
troit, Mich., 200 miles.—V. 74, p. 379.
The $2,500,000 first pref. was paid off at par on June 1,1899.
O r g a n iza tio n , l e a s e s , &c.—Re-incorporated under general law. See
D iv id e n d s (p. 0. ) ) 1896. 1897. 1898. 1899. 1900. 1901. 1902.
in Dec. 1 9 0 1 , V. 73, p. 1208. Control was acquired by the N. Y . C
Preferred..........> 3
3
3*2
4^
5
5
5
& H. R.’ RR. Co. in April, 1898, as stated below.
Common........... )
None.
lig
4
5
N Y C. & H. R. RR. Co. in ’98 gave in exchange its 3 L3 per cent
B o nds , E tc .—Bonds issued under the mortgage due June, 1927, num­
100-vear gold bonds at the rate or $115 in bonds for $100 in stock. bered from 1,101 to 1,400, for $500 eaoh, additional to those above
V. 66 p. 759. In May, 1902, $16,814,300 o f the $18,738,000 stook were assumed by the Burl. Cedar Rapids & Northern RR.
had been acquired by the N. Y. C. & H. R. RR. V. 66, p. 1238.
As to first consol, mortgage see abstract Y. 59, p. 1145. The re­
Canada , S o u th e r n c o n t r a c t .—See that com pany.
funding mortgage of 1899 limits the first oonsols to $5,282,000.
First refunding m ortgage of 1899 is for $25,000,000, of whlcn
D iv id e n d>s.) ’ 83 ’ 84 ’ 85-86 ’ 87-89 ’ 90 ’ 91 '92-94 ’95 to J u l y ’02
s.
$10,000,000 reserved to retire underlying bonds and $6,849,000 for
5 5^2 y ’rly
4 yearly
nil. 4 yearly 5
3
Per cent- S 5

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99

INVESTORS’ SUPPLEMENT.

|VOL. L X X V .

Bonds—P rin ci­
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal,^When Due.
A m ount
Par
of
of
F o r explanation o f colum n headings, &c., see notes
Outstanding Rate per When Where Payable, and by Stocks—Last
Road. Bonds Value.
on first page o f tables.
Cent. Payable
Whom.
Dividend.
RAILROADS.

Middletown Tin. dt W. Gap—1st M., ext. in ’ 86.........c*
2d m ortgage, int. guar. ext. In 1897 (see text).,c*
M idland RR. o f N. j —See N. Y . S u s q u e h a n n a <
fe
M ill Creek dt M ine H ill Nav. dt R R .—S tock ..............
M illen & Southwestern—1st m ortgage, $800,000 ..
Mil. Benton Harb.dt Ool.-^Cons. M., g", $900,000. tj e
M ilwaukee L a ke Shore dt Western—See C h ic a g o <
k
Milwaukee dt Lake Winnebago—See W isconsin C e
Milwaukee & Northern—See Chicago M ilwaukee &
Mine Hill < Schuylkill Hav.—Stock (6 p. ct. ren tal).
&
M ineral Range—Cons, m ort., text, g., red. at 105 c
General m ortgage, int guar, b y Can. Pacific F .
H ancock < Cal., eons.,M. g.. red. at 105, ass’d ...
fc
MLl'n/neapoTis & St. L o u is —Common stock.C e . ..
Pref. stock (V. 70, p. 1150), 5 p. c., n on -cu m .C e..
1st M., Minn, to Merriam Jnuc., g o l d . F P .........e*
Is tM ., Merriam Junction to A lbert Lea,gold .F .c*
Iow a ext. 1st M., g.(Al. Lea to Ft. D odge)g.C e.c*
M ort.on Southw, exten., g. ($12,000 p. in .)C e.-c*
Pacific extension 1st m ortgage, gold.C e .......... c*
First consolidated M., $5,282,000, g o ld .C e . c*&r
1st & ref., M „ $25,000,000, g. ($18,000 p .m .l.C e .
M inn. St. F dt S. Ste. M.—Stock (h* 7% pf. n.-cum.)
Minn. Sault Ste. Marie & A tlantic 1st M .g .C e ..c ;
Minneapolis & Pacific. 1st M., $15,000 p. m .c e .c *
Consol. M., gold, int. guar, (end.)—See te x t Ce.c*
2d M., $5,000,000, gold, int. g u a r ..C e .................
Car trusts D ec 30, 1901.............................................
M inn. S. SI. P.dtW.—1st M .,$10,000,000, g .,te x t S
M innesota Transfer—is t m ort.—($480,000 are 4s>c
M inn, dt No. W isconsin—1st m ort., $200,000, g ..c *

13
....

1866 $100&c.
1871 500 <fcc.

W est.

....

....
1902
1897

27

1,000

323,375
See text.
405,000

NORT h -W es TERN.
NTRAL R y .

St. Pa
52
66
66
20
....
....
27
81
102
53
92
....
283
495
286
1,307
1,307
....
50

5 g. M. & N. N. Y., N. Y. Susa. & W. Nov. 1, 1911
5
J. & D.
do
ao
June 1, 1910
10

J. & J.

Philadelphia.

b $ 551,000

future extensions, im provem ents, etc., under severe restrictions. The
m ortgage is a first lien on 277 m iles o f road, etc., and a blanket lien on
Test o f property.—V. 68, p. 187, 332. See application to list, V. 69, p. 32.
E a r n in g s —11 mos., > 1 9 0 1 -2 ........ Gross, $3,200,544; net, $1,311,176
Ju ly 1 to May 31. \ 1900-1 ...--G r o s s , 2,975,155; net, 1,211,968
F o r 6 m os ending Dec. 31, 1901, net, $798,783; charges, $467,320;
■div. on pref. (2*2 p. c.), $100,OoO; on com m on (2*2 p. c.), $150,000;
bal., sur., $179,779.
A n n u a l R e p o r t .—Annual m eeting 1st Tuesday in Oct. R eport for
1900-01 is given at length in V. 73, p 953, 961; see also edit., p. 931.
Tear E nding June 30
190001.
1899-00.
1898-99.
514
A verage miles operated.............
633
436
P a ssen g ers........................ ........... . . . $703,826
$494,031
$601,836
F r e ig h t......................................... .. . . . 2,413,134
2,117,553
1,860,258
158,5^4
Mail, express, &c........................ .. . . .
143,921
145,715
Gross earnings.................... ... $3,275,504 $2,863,310 $2,500,004
N et over taxes.............................. ....$ 1 ,3 1 8 ,8 8 7 $1,163,922
$977,299
O ther in com e............................... . . . .
200,266
196,597
188,807
$1,364,188
892,540
(5)200,000
(1*2)90,000
57,024

$1,173,896
659,540
*294,583

c$ 1 7 4 ,3 0 0.

J uly, ’ 02, 5%

5 g. M. & S. N .Y., M ercantile Tr.Co. Sept. 1, 1947

ul.
50
4,210,200
....
5*2 J & J. Phila.,Office, 119 8. 4th.
1891 500 <fcc
593,000 4 g .-5 g. J. & J. New Y ork, 44 Wall St.
1901
......
1,000,000
do
do
4 g. J. & J.
1,000
1891
325,000
5 g. J. & J. New Y ork, 44 Wall St.
100 c 6 ,000,000 5 in 1902 J.
....
J. N. Y. Central Tr. Co.
....
100 d 4,000,000 5 in 1902 J. & J.
do
do
1877
1,000
455,000
do
do
7 g. J. & J.
1877 500 &C.
950,000
do
do
7 g. J. & D.
1,000
1,015,000
do
do
1879
7 g. J. & D.
1,000
1880
636,000
do
do
7 g. J. & D.
1881
1,000
1.382,000
do
do
6 g. A. & O.
1894
1,000 a 5 ,282,000
do
do
5 g. M. & N.
1,000 b 8 ,151,000
1899
4 g. M. & 8.
do
do
100
21,000,000
1,000
1886
8,239.000
4 g. & 5 J. & J. N. Y ., B’ k of Montreal.
458,000
1886
1,000
do
do
4 (5) J. & J.
1,000
do
do
1888
22,452,000
4 g. J. & J.
1,000
1899
3,500,000
do
do
4 g* J. & J
New Y ork & Chicago.
344,115
190*2
New York.
1,666
See text.
5 g- J. & D.
1886
1,000
4 &0
F. & A. ls tN .B ’ k,*t. Paul.Minn.
1,385,000
1902
1,000
150 000
5 g. J. & J Minn. L. & Tr., Minn.

a Of which $282 000 held in treasury June 30, 1901.

T otal net in com e................. . $1,507,694
In terest p a id ................................
897,220
Dividend on p ref stock .......... . . . (5)200,000
D ividen d on com m on s to ck _ ...... (4,240,000
_
R entals, etc— - .......................... .
56,711

$150,000
250,000

July 15/0 2,3%
Jail. 1, 1931
Jan. 1, 1951
Jan. 1, 1931
July 1 5 /0 2 ,
July 15/02,2*2
Jan. 1, 1907
June 1, 1927
June 1, 1909
Dec. 1, 1910
Apr. 21, 1921
Nov. 1, 1934
M 0I1 . 1, 1949
Jan. 1, 1926
Jan. 1, 1936
July 1, 1938
Jan. 1, 1949
1903 < 1907
fc
J u n e l , 1942
Aug. 1, 1916
Jan. l / 0 3 - ’08

d $ 39.600.

Chicago M ilwaukee & St. Paul, N orthern Pacific, Chicago St. Paul Minn. &
Omaha, M inneapolis & St. Lou is, W iscon sin Central, Chicago Burlington &
Quincy, Great North., Chic Great W estern and M inn.St. Paul & Sault Ste. Marie.

A ddition al bonds can be issued fo r p rop erty and Im provem ents as
required. P rincipal on lv is p ayable in gold. M ortgage trustee, St.
Paul Trust Co., St. Paul, Minn.—(V. 66, p. 1238; V . 67, p. 956.)
M i s s o u r i K a n s a s & T e x a s R y . —R o a d .— Operates a line with
northern term ini at St. Louis, Kansas City and H annibal, Mo., exten d­
ing southerly across the Indian T erritory and the Texas cotton belt to
tidew ater at G alveston, on the Gulf o f M exico, and to San A ntonio,
Tex., and Shreveport, La., w ith branches, (fi See this com pany.)
Operated—not owned.
Miles.
Road owned.
Miles.
W ichita Falls R y .......
18
M issouri Kan, & Tex. R y .—
St. Louis to Red R iver, T ex 629 Denison & W ashita Val. R y .
(V. 74, p. 1 1 4 0 )....................
20
H annibal to Franklin J c . . . 104
Op era ted j ointly.
Branch*-sto P aola and P ar­
St. Louis to Texas Ju n ction ..
24
sons, Kan., and Stevens,
43
I .T ., & c ............................. 430 Kansas City to P aola..............
W hitesboro to Ft. W orth .......
71
Mo. Kan. & T. Ry. o f T e x .—
R ed R iver to H ouston, Tex. 518 G alveston H ous. & H e n d ..., H50
Denison to H e n r ie t ta ....... 1 i 2
Other b ra n ch es................. . 43 L

T otal operated June 3 0/0 1 .2 ,4 8 0
Total o w n e d ......................... 2,254
The Denison Bonham & New Orleans R y., D enison to Bonham, T ex.,
29 miles, has been operated under a ten-year con tract since D ec., 1901#
Bal. surplus for yea r............ . . . $113,762
$164,079
$124,624
O r g a n iz a t io n , & c.—R eorganized in 1890, w ithout foreclosure, [plan
* includes dividends on form er first pref. stock, retired in 1899.
in V . 49, p. 719,] the old first m ortgage being paid off at par.
O f f i c e r s .— Pi esident, Edw in H aw ley, New York; V ice-President, L
The $12,890,000 stock o f the “ M. K. & T. R ailw ay Co. o f T e x a s ”
F . D ay; Secretary, Joseph Gaskell, M inneapolis; Treasurer, F. B
is deposited w ith Central Trust Co. as trustee for the M. K. & T. secu­
D avis, 25 B road Street, New Y ork.
rity holders. (V. 54, p. 1047 ; V. 55, p. 298.) M. K. & Eastern w as ab
D irectors—E. H aw iey, J o h n 'W . Mackay, E. Lanjzdon, F. E. Palmer, F. H. Davis:
sorbed in 1897, K. C. & Pac. in 1899 and Sher. Sh. & So. in 1901. V.
Joh n E. Searles, New York; L. C. W eir, New Y ork; G eorge Crocker, New York.
63, p. 30; V. 73, p. 609.
L. F. Day, M inneapolis.
In 1902 the Ft. S cott Iola & W estern R R , Iola to Moran, Kan., 15
— (V. 72, p. 8 7 ,1 2 3 8 ; V. 73, p. 9 5 3 , 9 6 1 , 1264; V. 74, p. 94, 1089.)
m iles, and the M issouri Kansas & N orthw estern R R .( Joplin to M in
M in n e a p o lis St. P a u l & S a u lt Ste. M a r ie R y . - Owns Minne­ eral, Kan., 29 miles, w ere purchased. V. 74, p. 884, 1139
In July, 1902, the M issouri Kansas & Oklahoma R y., w hich was o r ­
apolis to Sault Ste. Marie, M ich., 492 m ile s ; branches, 62 miles; from
M inneapolis northw est to Kulm , No. Dak., 308 miles; H ankinson to ganized by friendly interests, began to con struct three lines in O kla­
International Boundary Line, No. Dak., 344 m ile s ; trackage in M inne­ homa, aggregating 2 5 0 miles, viz. Guthrie to Stevens, I T., 135 miles,
apolis, St. Paul, etc., 20 miles In July, 1901, extension from Kulm. with branch from Oklahoma City, 35 miles, and one from a p oin t in
tbe Osage N ation to W ybark, I. T., 80 miles. See B o n d s b elow . V.
N. D., to W ishek, about 77 miles, in operation, and being com pleted
tow a rd s Bism arck, o f w hich 70 m iles to P ol ock was opened in Nov., 74, p. 1038.
In May, 1902, the Texas < Oklahom a RR. was incorporated, with
fe
1901; also new bianch from Summit, W is.f to F rederic, 22 miles; branch,
R ice Lake to B irch w ood , W is., 16 miles; total, 1,410 mih-s; also has $3,500,000 6 tock ,to build an extenston from Oklahoma City to Colgate,
I. T., 105 miles, and acquire the D enison & W ashita V alley R y., C o l­
term inal trackage m M inneapolis, St. Paul and Sault Ste Marie aggi e
gate to Leliigh, I. T., and branch, 6 miles. C onstruction had n ot been
gatin g 19 miles.
beguu in July, 1902. See B o n d s below . V. 74, p 1 03 8,1 1 40 .
H i s t o r y .— Form ed June, 1 8 8 8 , b y consolidation o f the M inneapolis
L a n d G r a n t .—Land grant in Indian Territory 3,110,400 acres, sub­
Bault Ste. Marie < Atlantic, the Minneapolis < Pacific, etc. (See V.
fe
&
46, pp. 5 3 8 , 6 0 9 .) Controlled b y Canadian Pacific, w hich July 1 , 1 9 0 1 , ject to extinguishm ent o f Indian title. F or status in 1897 and 1898,
see V. 67, p. 2 2 2 ; V. 65, p. 542, 594. (V. 55, p. 937; V. 61, p.1155.)
ow n ed $ 7 ,0 6 6 ,6 0 0 com m on and $ 3 ,5 3 3 ,4 0 0 pref. stock, etc.
Sto c k .—I n 1902 $820,000 additional stock was issued to purchase
B onds .—Can. Pac. guarantees b y endorsem ent 4 per cent interest on
all the bonds assenting to a reduction o f interest to 4 per cent. (See the Mo. Kansas & N orthwestern R R ., Joplin to Mineral, K an., 29
V. 50, p .7 8 4 ; V. 51, p. 239. A bou t one-half the Minn. < Pac. bonds miles, and Iola to M oran, 15 miles. V. 74, p, 884, 1139.
te
B onds .—M. K. &. T. 1st and 2d m ortgages o f 1890 [abstracts In V
and p ra ctica lly all of the other issues assented. V. 54, p. 799.)
A bstract o f Minneapolis Sault Ste Marne dt A tlantic m ortgage in V. 45, 51, p. 495] cov er line from H annibal, Mo., to a poin t 80 miles from
H ouston, T ex., 941 miles [excep t 71 miles o f trackage] and sundry
p. 243. The consol, mortgage o f 1888 (trustee, Central Trust Co., mort
ga ge abstract C h r o n i c l e , V. 47, p. 142), was fo r $21,000,000 on 800 oranches, the total m ileage m ortgaged being 1,601 miles, including the
Sherman Shreveport < So., but see below .
fe
m iles (sufficient o f this am ount being reserved to retire the prior
These m ortgages also cov er the right to the land grant in the Indian
bonds) and for $20,000 per m ile on all additional|miloage. V. 73, p. 185.
Of the $5,000,000 2d 4s o f 1899 $ 3 t500,000 were issued to take Territory. Firsts are reserved fo r T. & N. firsts; on Stock E xchange
up certain m aturing interest-bearing obligations and current capital to July, 1902, $39,718,000 had been listed. Paym ent o f interest on
expenditures and fo r equipping o f term inals and additions, the re­ the second mortgage o f 1890 is obligatory since the coupon of Aug. 1,
m aining $1,500,000 to be issued hereafter from tim e to time on ly as 1895; previously ttre ce iv e d 2 p. c. Interest yearly.
The M issouri Kansas dt Eastern bonds originally guaranteed w ere
required.—V . 68, p. 669, 771, 977; V. 71, p. 645.
assumed In June, 1896, the road form ing the St. Louis extension from
L a t e s t E a r n s .— 11 m o s . ) 1 9 0 1 -2 ..G r o s s , $ 5 ,6 8 3 ,6 6 8 ; n e t , $ 3 ,0 2 * ,* 5 6
Franklin, Mo., to Texas Jun ction, Mo., 162 miles. See V. 63, p. 30.
July 1 to May 31.
$ 1900-1..Gross, 4,080,344; net, 1,754,305
Or the St. Louis division 1st refunding bonds; $4,666,000 were reR e p o r t .— R eport fo r year ending June 3 0 ,1 9 0 1 , was in V. 73, p. 897.
erved fo r the retirem ent o f both issues, the balance being fo r exten ­
sions and im provem ents on the division. V. 72, p. 1034.
Tear.
Oross.
Net.
In i., taxes,etc. B al., sur.
The Sherman Shrevepor't dt Southern m ortgage is for $6,000,000 at
190 0-01 .................$4,*17,075
$1,952,737
$1,624,864
$327,873
1 8 9 9 -0 0 ................ 5,151,188
2,596,605
1,715,733
880,872 $20,000 per mile; issued, $1,689,000, o f which $1,611,000 pledged
under M. K. & T . m ort. o f 1890. The bonds, form erly guaranteed, were
- ( V . 68, p 977; V. 69, p. 906; V. 71, p. 6 15; V. 73, p. 185, 8 9 7.)
assumed upon consolidation in May, 1901. V. 72, p. 1034, 1115.
M i n n a p o h s S u p e rio r St. P a u l & W i n n p e £ R R « - I q July,
G u a r a n t ie s .— Dallas & W aco bonds are guaranteed, principal and in­
1902, had 40 miles graded rrorn M inneapolis, Mum., northw ard, o f a
terest (issue limited to $ 1,340,000>
p rojected line from Minneapolis via Anoka, etc., and Grand R apids
The B oonvilte B ridge 4s are guaranteed, principal and interest, and
t o BeaucJette on Rainy Lake River, 320 miles, there con n ectin g with
also as to sinking fund beginning 1911. V. 73, p. 494.
the Canadian Northern R y. for Winnipeg, 156 m iles; also p rojected
The M. K. < T. in Texas m ortgage seouirs $10,000,000 o f bonds at
£
from a p oin t near Anoka via Rush City to Superior, Wia., 120 miles.
See V . 74, p. 1196; V. 75. p. 77. In corp orated on May 12. 1902. $20,000 per mile for extensions iii Texas. They are guaranteed p rin ­
56, p.
Stock authorized, $10,0 0,000. Bonds are issuable at $20,000 per cipal and interest. See above, and guaranty V. bonds 604. guaranteed.
are
mile, including equipm ent, about $1,000,000 being reserved fo r a MThe Southwestern Coal dt Improvement Oo.'s
ortgage ($1,000,000) covers th e coal on 51,000 acres in Indian Ter­
b ridge over the M ississippi River at A noka, term inal facilities at St.
and the com pany also ow ns
Paul and Minneapolis, and term inals, docks, etc., at Superior, Wis. ritory,Washita R y., 20Jmiles, mines in2,350 acres additional, the D en i­
son <
fc
active operation, etc.
President, Samuel M. H anley, M inneapolis, M inn.—(V. 75, p. 77.)
The Missouri Kansas & Oklahoma bonds are guaranteed, principal
M i n n e s o t a Sc N o r t l i W i s c o n s i n R R . - S e e page 175.
and interest; the bonds are issuable at $20,000 per m ile on new m ile­
P i M i n n e s o t a T r a n s f e r R y . —U nion road, ow n ing 13*5 miles, e x ­ age to be constructed in Oklahoma. The Texas & Oklahoma bonds
are also guaranteed; of the latter a part are issuable on ly in exchange
tending from ju n ction w ith Chic. Mil. & St. Paul at M erriam Park to
F ridley (with stock yards, etc.); side tracks 36*23 miles; total 49 73 fo r the Denison & W ashita bonds, balance for construction. V. 74, p.
1038; V. 75, p. 135.
m iles.—(V. 67, p. 956 ) Stock, $63,000, equally ow ned by:
*’ 55,694

I
I
Two Hi
LUTH Jk.

K&jabekana0^
. / \

9i
Valley C;
Davenport'
Fa Mon;
W ak pc tori
Edgeley <>Oakes
Monarigo'O
Ellendale

PACIFIC

X y n orth ern

Eureka

Barnes V. ^o,
^^nridgre

/
Falls

PAc]
^
i Park «
Rapids

inner

w
Moose L
j> Mffle Lacs

RAILROAD & COXXECTIOXS.

H in c K le y ^ ^ .
pooner

ra n tsb u rg

Sauk-Rapids

Elbow

MINNEAPOLIS & ST. LOUIS
&

iwa’s Valle;

PrentieevSrS.

lelaride.

T u r tle

Monieo Jc.
Chelsea.

Owdle

Roscoe

Chipjiewa Falls

Yastiug8- ^
| !N o ^ > v

Wausa1
Abbotsford

EahX'laire
Clinton

Redfield
Vienna,

Orient
D eadw ood

G
Q

.ron

W olsey

Marshall

7ilaSv ^

A
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Chamberlaii

W

rii'falo Ga]

WMte

v ,9v

River
Arm our

\

iianr^L

M
o

Niobrara

Valentine

/Unn Greenville
Alton & Cornell]

Wend{>ver
Alliance

Butka
Brewster

P

iK
ALO

SterflBi
Greeley

Holdrogl
Culbertsi

Nichols
Columbus Jo.

Knowiton /O * J *(
NCO.L

j
Iamhurff/

Exete;

/

m.*

f

aw iU'q

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lellevil

LeoiiV^ Centerville
^eym ourxf' ^

4^777*7 /
/ .vv/ l ’attousbur

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atch

mm

Buck Iin

Columbia

05

Jetmoro,
Syracuse

Ia Plata W.Quiiu y

AnnadaTv
FoUn

Oakle;

La Junta

Chhmpai^rA

lavnu;

Moberly

/Atclilso:

'owns

7 ^
/ / ^ 7
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Q^tadison

Hurt! land

^ T U C a i n e r o n X Gli

Horton

>*

Oilman

Mom via

Conception

Beatrice

Yuma

Colorado
Spra.

u s c a tin e

eokuk

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Dodge Cy.

io r e n c o

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N*\sANTA

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JEFFERSON
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Great Bow

Lamed

IK r,!-! v4
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Kearney
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Randolp]
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Rochester nss
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C l i n t o it

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Bngnell

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KOkoroo‘^1

INVESTORS’

S3

SUPPLEMENT,

IV

o l

, LX X V .

Monas—i^nnoi INTEREST OR DIVIDENDS.
Miles Date Size, or
pal, When Due.
A m ount
Par
of
of
F or explanation o f colum n headings, &c., see notes
Outstanding Rate per When W here Payable, and by Stocks—Last
Cent. Payable
Road. Bonds Value.
Whom.
on first page o f tables.
Dividend.
RAILROADS.

M issouri Kansas & Eastern—See M is s o u r i K an
M i88o a r i K a n s a s & T exa s—Common s to ck .........
Preferred stock, 4 per cent n on -cum ulative.........
Tebo. & N e o s h o ls fm o r t., gold, s. f., red. at 100..
M. K. & T. 1st m ortgage, gold, C e ...........................
2d M. (form erly incom es), see text, gold M e . ..
1st M. exten. bonds, gold, $20,000 p. m .« 'e ..c *
St. Louis D iv., 1st, ref'g M , $ 6,0 00 ,0 00 .F - . .c*
Mo. K. & East. 1st M., $4,000,000 g., assum.Ce.
2d m ortgage, guarantee 1, bein g retired ........
Sh. Sh. & So. 1st M., $20,000 p. m., g., assu .C e.c*
Kan. City & Pacific 1st M., gold, a s s u m e d .C e ...o ,
Guaranteed bonds—
Dallas &Waco 1st M.,$20,000p.m . g.p.<fe i.gu .C e c*
M .K .& O k .,lstM ,$ 20 ,0 00 p. m .,g.,gu .p & i.C ec& r
T exas < Okla., 1st m o r t , gold., guar. p. & i .........
fc
M. K. < T. o f Texas 1 st M., $20,000 p.m ., g ., gu. C e c*
fe
B oonv. Br., 1st M., g., gu. p. <fei., end, s. f C e ...c *
S. W. C. & Im p. 1st M .gu. p .& i.,s . f.,c a ll at 1 2 5 .F
M is s o u r i P a c ific —Stock ($100,000,000 auth.) ...
Pac. R R . o f Mo. 1st M., extend, in 1888, g o ld .M e
2d m ort. ext. in 1891 in gold, St. L. to K. C -.c*
1st M., St. Louis real estate, ext. in 1892, gold .
1st M. Carondelet Br., g., gu. p.& i.(en d.)ext.'93
3d M. (cover'g a llp rop e.of Pacific R R . o f M o.)C e
Mo. Pacific 1st M., L exin gton to Sedalia, M o, gold
Consolidated m ortgage, $30,000,000, g ola .-.e*
G old collateral trust. IJ n .................................... c*<fcr
1st collat. m ort.bon d s for $10,000,000 g . M e .. .c*
Ler. & Caney Val. 1st M .,g., gu. (V. 7 0 ,p. 1095).c*
Verdigris Val. Independence & W. 1st M.,g.,guar.

SAS & T e x a s

100
1,601
1,601
127
....

162
162
202
130
67
—

180
....
....
....
283
283
....
13
296
55
1,076
1,120
671
52
81

1870
1890
1890
1894
1901
1892
1892
1893
1890

$100 $56 100,300
100
13,000,000
1,000
187,000
500 &c. 39,813,000
500 &c. 20,000,000
1,000
2,548,000
1,000
1,841,000
1,000
4,000,000
1,000
120.000
1,000
1,689,000
1,000
2,500,000

1890
1,000
1902
1,000
190 l
1892
1,000
1901
1,000
1,000
1889
100
....
1,000
1868
1871
1,000
1872 500 &c.
500
1873
1876
1,000
1880 500&c.
1880
1,000
1,000
1887
1890
1,000
1,000
1886
1,000
1886

M i s s o u r i K a n s a s Sc T e x a s R y .—(Concluded.)
E quipm ent Notes.—On June 30, 1901, these aggregated $912,257,
payable part yearly till Aug., 1905. A con tract was m ade tor 2,000
oa rs to be delivered during 1901-2 on deferred paym ents.—V. 73, p. 609.
L a t e s t E a r n i n g s .— 11 months ending M ay 31:
Gross.
Net.
Charges.
Surplus.
1901 2... ..............$15,218,646 $4,363,465
$3,335,844
$1,027,621
1900-1................ .. 14,201,569
4,073,380
3,203,636
869,744
Operated 2,480 m iles in 1901-2, against 2,222 in 1900-1.
A n n u a l R e p o r t .— Annual m eeting first Thursday after first M onday
in A pril. R eport 1900-01.—V. 73, p. 609. See also editorial, p. 587.
Tear end. June 30.— 1901.
1900.
1899.
1898.
A ver.m iles op erated.
2,265
2,218
2,200
2,197
Passenger earnings. $2,658,245 $2,152,768 $1,943,123 $1,919,551
F reigh t...................... 12,097,618
9,886,995
9,394,922
9,559,000
Mail, express, etc...
647,220
586,749
592,289
568,681
Gross ea rn in g s....$ 1 5,4 03 ,0 83 $12,626,512 $11,930,334 $12,047,237
Ope. exp .an d ta xes. 11,134,147
8,765,470
8,012,829
8,182,388
N et earn. ,inc.oth.in ff$4,307,073 ^$3,904,251 tf$3,979,093 1T$3,933,939
Interest on b on d s.. 3,118,015
3,082,093
3,063,593
3,061,760
R entals., & c.............
389,142
371,292
366,817
397,422
B alan ce...............sr.$799,916 sr.$450,866 sr.$548,683 sr.$474,757
U$38,137 in 1901, $43,209 in 1900, $61,588 in 1899, $69,090 in ’ 98.
Of f i c e r s .—Ch airm a n and President, H enry C. Rouse, N ew Y ork ;
V ice-Pres, and G en M anager, A . A. Allen, St. Louis, Mo.; Vioe-Pres.
and Treas , C. G. H edge, New Y ork; Secretary, S. H alline, 49 Wall St.
D irectors—John D. R ock efeller, W illiam R o ck fe lle r, H en ry C. Rouse, C ol-

y t,
F.
Chas.
fate H oand H en ry W .L.P oor. J oel NewFreem an, yron T.G. H edge, Jam es Brown
'otter
H erbert
Satcerlee,
York; M
H errick, Cleveland, O.;

F .N . Finney, M ilwaukee, W is.; B. P. M cD onald, A lfre d J. P oor and T. N. Sedg­
w ick, o f Kansas; H . J. De Marez Oyens, A m sterdam , H olland,

— (V. 74, p. 830, 8 8 4 ,1 0 3 8 , 1089, 1139, 1252; V. 75, p. 135.)
M is s o u r i P a c i f i c R y . —(See M a p .)—Operates im portant system o f
roads extending w esterly and southw esterly from St. Louis, M o., In­
cluding m ain lines from St. Louis to Omaha, N eb., 495 miles, and from
Kansas City to D enver, Col., 758 miles, w ith m any branches in K a n ­
sas, etc. Through the St. Louis Iron Mt. & Southern,w hich it con trols,
con n ection is had with T exas and the lines o f the T exas & Pacific,
International & Great N orthern and the St. Louis Southwestern, th e
w hole form in g w hat is know n as the “ G ould S y ste m /' in w hich the
heirs o f Jay G ould are largely interested (see list o f Mr. G ould's h o ld ­
ings, V. 60, p. 83.) The Mo. Pac. p rop erty in clu d e s:
L in es owned and controlled. Mites.
Leased lin es, etc—(O on.) Miles.
St. Louis to Omaha................. 495 L eroy & Caney V a lle y .............. 52
Other m ain line . .................. 764 Kansas City & S. W..................... 48
25 branches ow n ed ..................1,701 Other lin es..................................... 192
Leased lines etc.
Trackage to St. Joseph, e tc ___ 27
B oon ville St. L. & Sou th ern ... 44
Verd. V alley Ind. & W est......... 81 Tot. Mo. P a c.a n d b r'n ch lines. 3,408
A lso ow ns all capital stock o f Central Branch Union P ac., etc,, 388 m.;
St. Louis IroD Mountain & Southern and leased lines,. 1,773 miles.
Grand total Missouri Pacific m ileage January 1, 1901, 5,324 miles. In
E xtension building from B oon ville to Jefferson City, 22 miles, and
Lake City to Kansas City about com pleted A pr.. 1902 —V. 74, p. 574.
E arly in 1901 a large iuterest was acquired in the D en ver < R io
fe
Grande R R. and so in the R io G rande W estern R y., exten din g the
system as fa"’ west as Ogden, Utah. The G ould and R ock efeller h old ­
ings in the D enver < R io Grande are together understood to constitute
fe
a large m ajority o f the entire capital stock.
In 1901 the New Orleans < N orthwestern R y,, Bastrop, La., to
fe
N atchez, Miss., 102 miles, was acquired, the road to be extended
from N atchez to Little R ock, Ark., about 150 miles; also the Little
R ock & H ot Springs W estern R R ., Little R ock to H ot Springs, A rk., 57
miles. V. 74, p. 5v4. Tbe Ark. M idland RR., H elena, A rk., to Claren­
don, etc., 71 miles, and the Mississippi H am burg < W estern R y.,
fc
H am burg to Luna, Ark., 39 miles, were also purchased. V. 74, p. 206.
In 1901 the W hite R iver RR. and the Memphis H elena < Louisiana
fc
w ere incorporated to build extensions and in 1902 the H ouston Beau­
m ont < New Orleans Ry. V. 73, p. 1160; V. 74, p. 1 039. Of the W hite
fe
R iver road, B atesville, A rk., to Pender’s Bluff, 20 miles, was operated
In Mar.. 1902, and 20 miles additional to be com pleted about June 1.
O r g a n iz a t io n , L e a s e s , <feo.—The P acific RR. o f Missouri was sold in
foreclosure September 6 ,1 8 7 6 . The present com pany was a consolida­
tion in August, 1880, em bracing the Missouri Pacific and m inor roads.
The bonds of the proprietary lines are p ractically all pledged to secure
Mo. P acific loans. The Iron Mountain stock is m ostly ow ned b y the
Missouri Pacific. Control o f the International & Great Northern
was secured in 1892 and o f Central Br. U P. in 1898-99. See V. 68,
329, 520. In N ov., 1900, purchased entire stock o f Kansas City
orthweetern Ry. V7 71, p. 1121. A s to Texas & Pac., see below .
*15t o c k .—In J u ly,1901, the authorized capital stock w asincreased from
$70,000,000 to $100,000,000. The am ount outstanding on Dec. 31,
1900, was $50,432,150; this was increased to $76,402,875 in
1901 b y the conversion o f $11,218,000 collateral trust bonds and
by issue o f $2,983,500 for purchase o f entire stock, and $2,983,500 “ B "

&

7 g. J. & D. N. Y. Office, 49 Wall St. June 1, 1903

4
4
5
4
5
5

5
4

g.
g.
g.
g.
g.
g.
g.
g.

J.
F.
M.
A.
A.
A.
J.
F.

&
&
&
&
&
&
&
&

D.
A.
N.
O.
O.
0.
D.
A.

do
do
do
do
do
do
do
do

do
do
do
do
do
do
do
do

1,340,000
do
do
5 g- M. & N.
See text.
5 g. M. & N,
See text.
3,597,000
do
do
5 g. M. & S.
1,000,000
do
do
4 g. M. & N.
968,000
6
J. & J.
do
do
76,402,875 5 in 1902 J. & J. N. Y ., 195 Broadw ay.
7,000,000
fc
4 g. F. < A. N. Y ., M ercantile Tr. Co.
2,573,000
do
5 g. J. & J.
do
800,000
do
do
5 g. M. & N.
237,500
fc
do
do
4 ^ g. A. < O.
3,828,000
M. & N.
do
7
do
650,000
do
do
5 g. F. & A
14,904,000
do
do
6 g. M. & N.
14,376,000
do
do
5 g- M. & S.
9,636,000
do
do
5 g. F. & A.
520,000
J. & J.
do
do
5 g.
806,000
do
do
5 g. M. & S.

June
June
Nov.
Apr.
Apr.
Apr.
June
Ang.

1,
1,
1,
1,
1,
1,
1,
1,

1990
1990
1944
2001
1942
1942
1943
1990

Nov. 1, 1940
M ay 1, 1942
1952
Sept. 1, 1942
N ov. 1, 1951
July 1, 1929
July 21/02,21*
Aug. 1, 1938
July 1, 1938
M ay 1, 1938
Oct. 1, 1938
N ov. 1, 1906
Aug. 1, 1920
N ov. 1, 1920
Jan. 1, 1917
Ang. 1, 1920
July 1, 1926
Mch. 1, 1926

bonds o f K. C. N orthwestern, and b y further issue o f $14,422,000
[partly at par to stockholders] to purchase $14,800,000 com m on and
$7,300,000 preferred stock o f D en ver & Rio Grande and fo r other pu r­
poses.—(V. 72, p. 1188, 1238, 1280; V. 73, p. 185, 1356 )
D i v i d e n d s — ) '8 1 '8 2 '8 3 t o '8 7 '8 8 '8 9 '9 0 '9 1 '9 2 t o '0 0
Per ce n t... 5 6 6^4 7 yearly. 5*4 4
4
3
N one

'0 1

'0 2

5
On July 2 0 ,1 9 0 1 , 2 1 p. c. w as paid; '02, Jan., 2 ^ p. c.; July, 2 1 p .c
*
*
2^

B o n d s .—The consolidated m ortgage is fo r $30.000,000—trustees J ohn
F. D illon and Edward D. Adam s—the balance unissued is in trust to
redeem prior bonds due if deemed best. A bstract in V. 47, p. 287.
The collateral trust bonds due 1917 (Union Trust Com pany o f New
York, trustee) are secured b y m ortgage bonds o f new roads at $12,-000
or $15,000 per m ile; these em bracing the line from F ort Scott, Kan.
to Pueblo. C o l . etc. F or securities pledged, etc., see V. 46 ,p.678.
Collateral trust bonds due in 1920, see V. 50, p. 669, 874.
G e n e r a l F in a n c e s .— In Jan., 1902, $22,276,000 o f the $23,172,588
Texas & Pacific 2ds had been exchanged fo r 65 per cen t in a new St.
L. & I. M. bond. (V. 68, p. 283, 619, 725, 774.) In July, 1901, d ivi­
dends on stock w ere resumed. V. 72, p. 1238. The $11,218,000 co n ­
vertible deben't o f 1900 w ere exchanged in 1901 fo r stock. See above.
In July, 1901, dividends w ere resum ed.—V . 72, p. 1238.
E a r n in g s —5 m onths, ) 1902. ..G ross, $11,494,992; net, $3,198,357
Jan. 1 to M ay 31. 5 1 9 0 1 ....G ross, 11,215,699; net,
3,936,640
A n n u a l R e p o r t .— Fiscal year ends D ec. 3 1 . A nnual m eeting is held
at St. Louis in March. R eport fo r 1 9 0 1 was in V . 74, p. 5 7 4 . Earnings
o f Missouri Pacific system have been as below . “ Other in c o m e " In
1 9 0 0 in clu d es: D ividends St. L . I. M. & S o. R y ., $ 1 ,5 4 4 ,0 1 1 : Am erican
R efrigerator Transit Co., $ 2 3 ,8 6 8 ; Pacific E xpress Co., $ 4 0 8 ,0 0 0 ; Den
v e r & Rio Grande R R ., $ 3 6 5 ,0 0 0 ; coal com panies, $ 2 0 1 ,6 3 0 .
T ear ending Dec. 31.
1901.
1900.
Miles op era ted ....................................................
5,570
5,352
T otal earnings. .................................................. $36,661,093
$ 3 2 ,2 9 2 ,2 8 8
Net earnings........................................................ 13,045,579
11,088,893
Other incom e, & c............................................... 2,473,431
1,371,889

Total net income.
$15,519,010
$12,460,782
Interest and rentals.
... $6,615,889
$6,791,798
Taxes ............. ..........
.. .
1,082,916
1,065,094
Min dry accounts......
785,340
341,683
D iv id e n d s .......
(5% )3,563,302
Balance, surplus. ...
$3,818,550
... $3,914,720
O f f ic e r s .— President, G eorge J. G ou ld ; Secretary and Treasurer, A .
H. Calef, 195 B roadw ay, New Y ork.
D irectors.—G eorge J. G ould, Russell Sage, Edwin Gould, Samuel Sloan, Joh n
P. Munn. Louis Fitzgerald, H ow ard G ould. E. Parm elee P rentice, Fred. T,
G ates and Fraok J. G ould, New York; C. G. W arner, Russell H ardiog, W . K.
Bixby, St. Louis, M o.—( V. 74, p. 9±, 200, 5 7 3 * 630,)

M is s o u r i P a cific S y ste m —St. L o u i s I r o n M o u n t a i n Sc
S o u th e r n WLy*—(See M a p .)—Owns St. Louis to Texarkana, Tex. Line.
490 m.; oranches to Belm ont,M o., B ird's P t , Mo. (Cairo), Camden, Ark,,
Helena, A rk.. Cushman. Ark., Arkansas City, A rk., W arren, Ark., Mem­
phis, Tenn.. <fcc., 747 miles; H ouston Central Arkansas & Northern R ail­
way, MoGenee, Ark., to A lexandria, La., 190 miles; total ow ned Janu­
ary 1, 1900, 1,427 miles. Leases Little R ock & Fort Smith and Little
Rook Junction railroads, 176 miles; Kansas < Arkansas V alley R R .,
te
170 miles. Total operated D ecem ber 31, 1 90 1,1 ,7 73 miles.
In Deo., 1901, holders o f $22,276,000 o f the $23,172,588 Texas <
fe
P acific seconds exch an ged their bonds fo r 65 per cen t in new Iron
Mtn. gold 4 s bearing interest from July 1, 1899. See B o n d s b elow ,
also V. 68, p. 329. 380, 474, 5 2 0 , 572. 619, 725, 774. In 1901 the en­
tire stock o f the Arkansas M idland R R ., Helena, Ark, to Clarendon,
etc., 71 miles, and all the stock and bonds of the Mississippi H am burg
& W estern R y., H am burg to Luna, A rk., 39 miles, w ere purchased.
St o c k .— Stock w a s $25,788,435, o f which $ 2 5 ,7 3 3 /9 0 Jan. 1,1902,
was ow ned by Missouri Pacific—m ostly acquired in 1881. A uthorized
lim it Increased in 1899 to $80,000,000. V. 69, p 27. D ividend in 1899
2 p. c.; in 1900, 6 p. o.; in 1901, 6 p. c.
B o n d s .— General consol, m ort. is fo r $ 4 5 ,0 0 0 ,0 0 0 , Nos. 1 1 ,0 0 1 to 1 8 .0 0 0 inclusive are endorsed with the Missouri Pacific’ s guaranty o f princlal and in terest; form o f guaranty was in V. 56, p. 650; they are a first
en on the entire system. (V. 68, p. 85, 233, 520.)
The new gold 4s o f 1899 (first issue $30,000,000) m ay he increased
not over $10,000,000, at $12,000 per m ile, fo r construction or
acquisition and equipm ent o f branches and extensions. They are
secured by a lien (sub je c t on ly to the general consols on all the rail­
roads, terminals and equipm ent o f the com pany, and also a first and
on ly lien on all stocks and bonds now em braced in the trust of the
gold funding note indenture upon satisfaction thereof, all leased and
branch lines, or their bonds and stocks acquired by the loan, and all
Texas & Pacific seconds acquired, and all future extensions and
branches constructed or aoqmred.
Of the $30,000,000 at pres­
ent authorized $16,250,000 were issuable to retire the entire
issue of Texas < Pacific seconds, and $12,114,000 to retire at onoe
fe
$3,952,000 gold funding notes and $3,412,000 Kansas & Arkansas
V alley 1st 5s, aud also eventually $2,596,000 Little Rock & Ft. Smith
bonds, $435,000 Little R ock Junction 1st 6s, $683,000 car trusts, and
$20<>,000 Baring Cross Bridge b >nds and the balance, $1,636,000
available for im provem ents. (V. 68, p. 619; V. 70, p. 997; V. 74, p. 206).

S

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94

IN VTESTORS’

SUPPLEMENT,

[V

o l

. LXXV .

Ronds—Princi­
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal,When Due.
Amount
of
of
Par
For explanation of oolumn headings, &o., see notes
Rate per When Where Payable, and by Stocks—Last
Road. Bonds Value. Outstanding
on first page of tables.
Cent. Payable
Whom.
Dividend.
RAILROADS.

Missouri Pacific System—(Concluded) —
St. Louis Iron Mountain & S ou th ern 5 g. A. & O. N. Y., Mercantile Tr. Co.
Gen. consol. A 1. gr. M. ($45,000,000) g ---- M e .c* 1,538 ’ 81to’7 $1,000 $36,471,000
....
1,000
Do
do
gold, stamped, guar. p. & i..c* 1,538
6,936,000
do
do
5 g. A. & O.
1,000 24,195,000
Unifying & ref. M., gold, $40,000,000-M p ...o* 1,538 1899
do
do
4 g- J. & J.
....
....
Car trusts June, 1902, due y e a rly ..................
2,745,000
6
Quar’ly.
do
do
Baring CrossBridgeCo., 1st m.,gold,red. to 6p.e. . . . . 1873
200,000
6
do
do
Little Rock & Ft. Smith 1st M..land gr. sink.fund.. 165 1875 500 &C.
2,342,500
7
do
do
J. & J.
2 1891
1,000
Little Rock Juno. lstM .,g u . p .& i.b ylr. M t.M e.c*
435,000
6
A. & O.
do
do
....
....
100
Mobile < Lirmmgh. RR.—P fei. stock ($900,000)—
&
900,000 See text. J. & J. N.Y..J.P.M.&C 0. &Lon.
149 1895 200, 1,000
Prior lien, gold, $600,000.................................C e .c
600,000
5 g- J. & J. N. Y.,J. P. Morgan & Co.
149 1895 200, 1,000
1st M., $1,200,000............................................ M e .c
1,200,000
4
do
do
J. & J.
1,000
75 1896
Mobile Jackson < K. 0.—lstM ..g.,$4,000,000.C e.0*
£
1,440,000
5 g. J. & D. N.Y., Colonial Trust Co.
....
....
100
Mobile < Ohio—Stock (So. Ry. Tr. certs) gold ........
£
5,320,600 See text. A. & O. N. Y., J. P.Morgan & Co.
lstM .,M ob.toC ol. (prin.g., int. lawful money). F.c* 472 1879 500 &0.
7,000,000
6
J. & D. N. Y ., Farm. L. & Tr. Co.
1st M., exten.,Colum. to Cairo & branch,gold. F . e*
55 1883
1,000
1,000,000
do
do
6 g. Q.—Jan.
General mort. for $10,500,000, (now gold) s. f.F c 527 1888 500 &e.
See text.
4 g. M. & S. N. Y., Gallatin Nat. Bk.
1,000
Montgomery Div., IstM ., $4,000,000, gold C e.c* 189 1897
4,000,000
do
do
5 g- F. & A
. . . . 1900
Collat. trust, gold, ($2,500,000) call at par G .c*
1,000
2,494,000
N. Y., Guar. Trust Co.
4 g- Q .-F .
St. Louis & Cairo 1st mort., gold, int. g u a r.G .. .c 161 1886 500&C.
4,000,000
J. A J. N. Y., Farm. L. & Tr. Co.
4 g38 1899 500 &C.
Mobile & B.Sh. 1st M „ $200,000, gu.,p.& i.,g.F.o*
200,000
5 g- M. & N. 1st Nat. Bk.,Mobile,Ala
. . . . ’94-’98 1,000
Equipment bonds ($465,000 are 6s).....................
592,000
5-6
Various. N. Y., Farm. L. & Tr. Co.
1,000
Equipment trusts “ A ” & “ B” (V. 71, p. 749), 8. f. . . . - 1899
do
do
1 ,0 0 0 ,0 0 0
5
IT
Mo/i,.<£MaL-lstM.,$15,000p.m.,g.,gu.p.&i.(en.)!h c* 181 1892
1,000
2,500,000
4 g. M. & S. N. Y., Knickerb. Tr. Co.
. . . . 1902 1 00 0 &C
Consol, mortgage, $10,000,000, g o ld .G ---- c'& r.
3,900,000
3iag. M. & S. N. Y., Gr. Cent. Station
Monongahela River RR.—Bonds—See B. & O. RR.
Montana Central—See G r e a t N o r t h e r n .
100 1900
1,000
Montana RR - 1st M., g., $2,000,000.............. Ce.c*
See text.
5 g. J. & J. N. Y., Central Tr. Co.
1,000
Montgom’y Belt L .-ls t M., $200,000, lawful m on ey. c . . . . 1890
200,000
6
J. & J. N. Y ., M etropol’n Tr. Co.
Montgomery < Erie Ry.—1st m. (old 7s ext. in ’86) . . . . 1866
6
130,000
5
M. & N.
Goshen, N. Y.
. . . . 1867
5
2d m ortgage (old 7s extended in 1887).................
A. & O.
do
do
40,500
ir “ a ,” M. & N.; “ B,” A. & 0 .
A n n u a l R e p o r t .— Report for 1901 i n V. 74, p. 575, showed:
Year ending Dec. 31—
1901.
1900.
1899.
Gross earnings......................... $16,961,021
$14,581,037 $13,806,118
Net earnings...................
6,944,947
6,033,022
5,029,581
Other receipts.................
1,062,572
399,235
997,051
6,432,257
6,026,632
Total net incom e............. 8,007,519
Interest on bonds........... 3,118,403
3,070,598
2,638,313
Taxes, bridge exp., rent’ls, &o.
757,468
1,205,547
2,631,519
Dividends............................... (6%) 1,547,283(6%) 1,547,242 (2%) 515,745

Balance for yea r................. $2,584,365 sur.$608,870 sur.$241,055
—(V. 69, p. 27; V. 70, p. 329, 947, 997, 1292; Y. 71, p 1121.)
M o b i l e Sc B i r m i n g h a m B i t . —Mobile to Marion Junction, Ala.,
149 miles; opened in July, 1888. Leased to Southern Ry. from June 1,
1899, for 99 years, the latter agreeing to meet the interest on bonds,
and to guarantee a dividend on the $900,000 preferred stock of 1
per cent for first year, 2 per cent for second year and 3 per cent for
third year, and 4 per cent for the fourth year and thereafter. The
$900,000 common stock is owned by Southern Ry., and the voting
pow er on the preferred irrevocably assigned to the Southern Ry.
during the term o f the lease. V. 68, p. 429,1134; V. 69, p. 391; V. 71,
p. 1013. Earnings now included in those of Southern Ry. Reorganzed after foreclosurein 1895 per plan Y. 60, p. 657. (V. 72, p. 137 )
M o b i l e J a c k s o n Sc K a n s a s C it y B R .- O w n s from M obile to
Beaumont, 70 miles; extensions Beaumont to H attiesburg, about 30
miles, and Beaumont to Decatur, about 100 miles, both under con­
struction. In N ov., 1901, acquired the Kingston & Central Mississippi
RR., Laurel, Miss , to Bay Springs, 25 miles. V. 73, p. 1011. E x ­
tension also proposed from Augusta, Miss., 13 miles south o f H atties­
burg, north to Memphis, Tenn.; contract being let for 100 m. to ju n c­
tion with Alabama & Vicksburg Ry. V. 74, p. 206. The Gulf & Chicago
Ry., Pontotoc, Miss., to Middleton, Tenn , 62 miles, narrow gauge, was
purchased July 1, 1902. Y. 74, p. 1196. Stock, $4,000,000; issued
July, 1902. $1,440,00^; par of shares, $100. Bonds limited to $20,000
per mile. V. 70, p .6 8 7 . Report for year ending June 30,1901, in V.
73, p. 1008, showed (50 miles), gross, $140,730; net, $76,272; in 1899-0,
gross, $114,363; net, $56,900. President, F. B. Merrill.—(V. 73, p.
1 0 0 8 ,1 0 1 1 ; V. 74, p. 206, U 96.)
M o b i l e Sc O h i o R R . —(See M ap go. R y .) —Owns from Mobile,
Ala., to Columbus, Ky., 472 miles, proprietary line, Kentucky & Ten­
nessee RB to E. Cairo, 21 miles; branches to Columbus, Miss., &o., 34
miles; Columbus, Miss., to Montgomery, Ala., 167 miles; with Warrior
Branch, 9 miles, and B locton Branch, 12 miles; total owned, 715 miles;
St. Louis < Cairo (leased), Cairo to St. Louis, 152 miles, with branch to
fe
M illstadt,7 miles; total operated, 874 miles. O nD ec.1,1899, the M obile
& Bay Shore Ry., whose entire stock is owned and bonds guaranteed,
was completed from Pritchards to Portersville on the Gulf o f Mexico
and Alabama Port, a distance o f 38 miles. - (V. 69, p. 856.)
H i s t o r y , E tc .—Opened in 1861; securities readjusted in 1879.
Lands June 30, 1901, were £03,102 acres, valued at $167,368.
In 1902 the Southern Ry. had acquired $7,943,000 of the
$9,472,000 gen. 4s and $4,932,600 of the $5,320,600 stock, issuing,
dollar for dollar, its collateral trust 4 per cent gold bonds in exchange
for the M. & O. gen 4s, secured by a pledge o f the latter anu also stock
trust certificates for stock, dividends being payable (A. & O.) at 2 per
cent for one year, 3 per ceut for the second year and 4 per cent in per­
petuity thereafter. The first div. of 1 per cent was paid Oct. 1, 1901.
The road w ill be operated independently.—V. 72, p. 241, 483.
D i v i d e n d s .— First div. (1 p. c.) paid Feb. 2 8,1 89 8 . As to dividends
on stock trust certificates see paragraph above
S t o c k .—Sto c k a u th orized , $ 1 0 ,0 0 0 ,0 0 0 ; o u tsta n d in g , $ 5 ,3 2 0 ,6 0 0 ;
p a r, $ 1 0 0 . T h e v o tin g p o w e r on $ 4 ,9 8 4 ,2 0 0 o f th e s t o c k is e x e r o is e d by
th e g e n e r a l m o r tg a g e b o n d h o ld e r s b y v ir tu e o f th e d e p o s it in trus'i
u n d e r th e g e n e r a l m o r tg a g e o f th e o ld deb en tu re a o f 1879, u p o n w h ich
th is v o tin g p o w e r w a s c o n fe r r e d .
B o n d s . — Under the general mortgage o f 1888 there can be no fore­
closure till four coupons are in default. Mortgage abstract, Y. 47, p.
83. V. 60, p. 967
Interest on $4,000,000 St. Louis & Cairo 4s is
guaranteed. As to Mont. Div. 1st 5s, see application V. 66, p. 1045.
Of the $2,500,000 collateral trust 4s of 1900, $2,167,000 were is­
suable in exohange for the $6,500,000 St. Louis & Cairo stock. See
V. 70, p. 532. In Lee., 1901, $6,489,000 stock had been exchanged.
R e p o r t .—Report for 1900-01, V. 73, p. 1058, including Montgomery
Division, 188 miles, in 1901 and 1900.
Year end’g June 30— 1901.
1900.
1899.
1898.
Miles o p e r a te d .........
874
876
688
688
Total gross earnings.$6.139 912 $5,996,731 $4,531,153 $4,207,319
Net earnings............. 1,807,061
1,663,105
1,451,631
1,300,745
Net, incl. oth. income. 1,922,012
1,756,273
1,451,631
1,300,745
Interest and rentals. 1,555,310
1,418,645
1,144,527
1,074,880

Balance, surplus*.. $366,702
$337,629
$307,104
$225,865
* Equipment and new construction (additional to operating expen­
ses) cost $180,697 in 1897-8; $271,748 in 1898-9 ; $314,990 in 1899 0,
$389,416 in 1900-1.—V. 74, p. 1038.
M o h a w k Sc M a l o n e R R .—(See Map IT. Y. Central.)—Owns fron
Herkimer, N. Y., on the N. Y. Central’ s main line northerly to Malone
on the Central Vermont, with branches, 181 miles in all.
H isto r y , L ease , E tc .—I n 1893, N. Y. Central leased the road and

Apr. 1, 1931
Apr. 1, 1931
July 1. 1929
To Deo., 1910
Apr. 19,1898
Jan. 1, 1905
Apr. 1, 1916
July 1, 1902
July 1, 1945
July 1, 1945
June 1, 1946
Apr., 1902,1%
Dee. 1, 1927
July 1, 1927
Sept. 1, 1938
Feb. 1, 1947
May 1, 1930
Jan. 1, 1931
May 1, 1949
To 1908
1919
Sept. 1, 1991
Mar. 1, 2002
July
Jan.
May
Oct.

1,
1,
1,
1,

1930
1910
1926
1927

guaranteed its first mortgage bonds. A new lease In perpetuity was
arranged for in April, 1902. V. 74, p. 630. New Y ork Central owns
the $4,500,000 stock, to be increased to $5,000,000. In Apr., 1902, a
new lease in perpetuity was made, under which an issue of $10,000.000 3 ^ per cent consols was authorized, of which $2,500,000 re­
served to retire at maturity the first mor gage bonds, $3,900,( 00 was
be issued at once in place o f the incomes, all or m ostly acquired by the
N. Y. Central, and the remaining $3,600 000 will be available for im­
provem ents and enlargements. V. 74, p. 830. Bonds, see V. 56, p. 782.
D iv id e n d s
> 1896. 1897.
1898.
1899.
1900.
1901.
on incomes. > 2
1
2
3
3*2
5
Year ending June 30, 1901, gross, $973,451; net, $343,171; first
charges, $131,360; int. on incomes (5 p. o.), $195,000; bal., sur.,
$16,811 —(V. 73, p. 445, 1313; V. 74, p. 630, 830, 937.)
“ M o n o n . ” —See Ch ic a g o I n d ia n a p o l is & L o u is v il l e R y .
M o n o n g a h e la R iv e r R R , —Road from Fairmont to Clarksburg,
W. Va., 31 miles. Road opened in 1890. B.&O. owns all of the $1,300,000 stock (par $100), the coal bonds being reduced to $1,000,000. Car
trust 6s, principal Apr. 1, 1901, $447,000.
E a r n in g s .—R e p o r t 1 8 9 9 in Y. 7 0 , p. 1 0 9 2 , s h o w in g , g ro s s, $ 2 8 8 ,9 1 0 ;
n et, $ 1 1 1 ,6 3 5 ; in t., t a x e s ,e t c ., $ 4 2 ,3 1 8 . E a r n in g s fr o m A p r . 1, 1 9 0 0 ,
in c lu d e d in th o se o f B . & O .— (V . 70, p . 1 0 9 2 . )

M o n ta n a R R . —Lombard, Mont., to H arlowton, 94 miles, and
from Summit to Leadboro, 6 miles; total, 100 miles. Stock authorized,
$2,500,0' 0; issued, $1,574,000; par of shares, $100. Of ihe $2,000,000
bonds, all reported as outstanding, $999,000 are stamped redeemable
at 105 and interest on 6 months’ notice, the remaining $1,001,000
being held June 30,1901, by the Northern Pacific Ry. as collateral for
$303,670 notes. President. H. D. Moore, Philadelphia, Pa.; Vice-Pres.
and Treas., Richard A. Harlow, Helena, Mont.; See., W. J. Fuchs,
Helena, Mont. (V. 71, p. 1167.)
M o n t e r e y Sc M e x i c a n G u lf R R . —Purchased in June, 1901, by
the Mexican Central Ry. Y ear ending Deo. 31,1901, gross, $1,414,801;
net, $ 1 ,4 0 6 ,9 6 4 .-(V. 74, p. 937.)
M o n tg o m e r y B e l t L in e R y .—Owns real estate and a belt
line in Montgomery, Ala., about one mile of track on Tallapoosa,
Bell, Perry and Columbus streets. Alabama Midland Ry. pays an
annual rental o f $15,525. The Plant Investment Co. owns 90 per cent
of the stock. Capital stock is $200,000; par, $100.
M o n tg o m e r y Sc E rie R y .—(See Map Erie Railroad.)—Owns road
from Montgomery to Goshen, N. Y., 10 miles. Road opened 1867.
Leased in 1872 to N. Y. L. E. & W. (now E r ie RR.—which see.) Rental
is $16,000 per annum. Stock, $150,000. Dividends (4 ^ per cent per
annum) are paid May 10 and Nov. 10. Sinking fund $6,500 per annum.
M o o re C o. Sc W e s t e r n R R . —See V. 7 4 ,p. 776.
M o r g a n ’ s L o u is ia n a Sc T e x a s R R . A: S tea m sh ip C o m p a n y .
—( See map o f Southern Pacific.)—R oad —Owns Algiers to Cheney ville,
205 miles; branches, 95 m iles; trackage to Alexandria, 24 miles; total
railroad lines, 324 miles; extension of branch from A bbevi’le to Gueydan, La., 24 miles, additional to foregoing, opened May, 1902; steam­
ship lines and ferries, 3,176 miles.
O r g a n i z a t i o n .—The Southern Pacific Company owns all o f the $ 1 5 ,0 0 0 ,0 0 0 stock. Operated independently since Jan. 1, 1 9 0 2 , but in
connection with 0o. Pao. system. Company has 8 iron steamships and
6 ferry and river steamers and 6 tugs plying between New York and
New Orleans and between Gulf ports; also wharves and warehouses.
E ar n in g s .—11 months, > 1901-02.Gross, $ (.778,763; net, $2,690,098
Jnly 1 to May 31.
$1900-01 Gross, 7.399,019; net, 2,830,937
In year ending June 30, 1901, gross, $8,013,139; net, including
other income, $3,172,206; surplus over charges, $1,325,839; net due
oo. under lease to So. Pao.. $1,038,425.—(V. 74, p. 268.)
M o rris & E sse x R R .-fS e e Map or Delaware Lac/cawanna <
6
Western.)—Owns from Hoboken, N. J „ to Phillipsburg, N. J .t 85 miles;
branch, Den ville, N. J., via Morris < Essex Tunnel, to Hoboken, N. J.,
fc
35miles; leases 37 miles; total operated, 157 miles.
L e a s e .—Leased in perpetuity to Delaware Lackawanna & West.,whioh
assumed all liabilities and pays 7 p. o. per annum on the capital stock;
whenever 30 p. o o f gross earnings are sufficient to cover in terest on
bonds and 10 p. c. on stock, 1 p. o.'additional must be paid.
B o n d s .—O f th e $ 3 5 ,0 0 0 ,0 0 0 1st r e fu n d in g 3>s8, $ 2 3 ,9 6 8 ,0 0 0 were re­
serv ed to r e tir e e x is t in g b o n d s , a n d $ 1 1 ,0 3 2 ,0 0 0 w e re applicable to
a d d itio n s a n d im p r o v e m e n ts —V . 70, p. 4 8 0 , 477; V . 71, p. 1167. See
fo r m o f g u a r a n t y , V . 7 4 . p 13 0 3 .

E arn in gs .—The road is important to the Delaware Lackawanna A
Western as a route with terminal facilities on New York Harbor, but
the earnings show a large annual deficit, viz : After the paym ent of
rental in 1901, $1,415,HO; in 1900, $ 1 ,9 9 0 .8 5 3 .-V. 74, p. 206, 681,
884, 1308.
M o u n t C arbon Sc P o r t C a rb o n R R .—Owns Mt. Carbon to Port
Carbon, Pa., 3 m iles; second track, 2^2 m iles; total track 16 miles.
Leased March 5, 1860, for 50 years to Pliila. & Reading RR. a n d lease
assumed in 1896 by Pliila. & Reading Railway. Rental $36,250 yearly.
M u s c a tin e N orth Sc S o u th R R . —8ee page 171.
M u s k e g o n G a n d R a p id s Sc I n d ia n a R R . —See page 171.
N a sh u a Sc L o w e l l R R . —See page 171.
N a sh v ille C h a tta n o o g a Sc St. L o u is R y .—(See Map.)—Owns
from Chattanooga, Tenn., to Hickman, Ky., 320 miles; branches to

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INYESTOKS’

96

SUPPLEMENT,

[V

o l.

Lxxv,

Bonds—
Princi­
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal,^When Due.
Amount
of
of
Par
For explanation of column headings, &o., see notes
Rate per When Where Payable, and b j Stocks—Last
Road. Bonds Value. Outstanding Cent. Payable
on first page of tables.
Whom.
Dividend, %.
RAILROADS.

Moore Co. dt West.—1st inert., gold $1,000,000.I B
Morgan's La. < Texas— lstM .(N O r.to Morg’ C.). Fo" 102
&
1st mortgage, Alexandria Extension, g o ld .F ....... 157
204
General mortgage. F ..................................................
Morris & Essex—Stock, 7 p. o. guar. D. L. & W ......... . . . .
85
1st mortgage...............................................................
Con. M. (for $25,000,000) guar. D. L. < W. U»c*<fcr 120
fc
1st ref. mort., g ., $35,000,000, gu., p. & er d. F c*&r 120
H oboken Land & Improvement, 2d ser. CJs........
Special real estate bonds........... ..............................
Morris & Essex Extension stock, guar. 4 per cent.
2
Mt. Carbon & Port Carbon RR.—Stock (rent’ l guar.) . . . .
Muscatine No. <. So.—1st M., $450,000, g old .N .......
£
28
37
Muskegon Or. Rapids < Indiana—1st M., g old .C e .
£
8-5
Narragansett P ier RR.—1st mort., $100,000..........
Nashua dt Lowell—Stock, 9 p.o. rental, 92 yrs.B.&M.
15
....
Nashville Chattanooga dt St. Louis—Stock.............
1st mortgage (for $6,800,000).......................... o*&r 340
1st M. on Fayette, and MoM.brs. ($6,000 p.m.)o*<fcr 125
29
1st mortgage on Lebanon Branch........................c*
43
1st M. on Jasper Br. ($90,000 are 8s, due ’06) Ce.c*
46
1st mortgage on Centreville Branch, gold.Ce.c*&r
20
1st M. on Tracv Citv Br. (Tenn. C. & I. RR.) .c*&r
Duck R. RR., 2d m ortgage, now 1st m ortgage, g.
48
Consol. M. ($20,000,000) $20,000 p.m.. g o ld .U s .o ' 798
W. & At. incs t$526,000),$26,OOOdue y ’ly .g .C e .c
Nashville dt Decatrn— Stock, gu. 7*2 p. c. by L. & N. 119
Nashville <& Knoxville — See T ennessee Central .
Nashville Florence dt Sheffield—See L ouisville & N ash
Na&hv* Term.— 1st/M., g.pint. rfvnt, red. 105 Tbeg. *07
National RR. o f Mexico—
Prior lien M., $23,000,000, g., call at 105.U n .c*. 1,405
First consol. M., $60,000,000, g. (see text) .Ce.c* 1,405

1897 $ ........
1878 ' 1,000
1880
1,000
1,000
1893
....
50
1864 500 &c.
1875
1,000
1,000
1900
VaPus
100
....
50
1898 300 <feo.
1886
1,000
1,000
1896
...
100
....
100
1873
1,000
1,000
1877
1,000
1877
’77-’ 83 1,000
1883
1,000
1887
1,000
1881
1888
1,000
1,000
1895
....
25

$438,000
5 g. M. & S.
5,000j000
7 s A. & O.
1,494,000
6 g. J. & J.
1,000,000
5
J. & J.
15,000,000
7
J. & J.
5,000,000
7
M. & N.
11,677,000
7
J. & D.
7,000,0( 0
3 ^ g. J. & D.
100,000
4
1,800,000
221,000
4
M. & N.
282,350
12
J.& J.15
398,000
5 g- J. & J.
750,000
5 g. J. & J.
70,000
4
F. & A.
800,000
M. & N.
9
10,000,000 4 for ’98 Q .-F .
6,300,000
7
J. & J.
750,000
6
J. & J.
300,000
J. & J.
6
461,000 6 g. & 8 J. & J.
376,000
6 g. J. & J.
380,000
J. & J.
6
22,000
6 g. M. & N.
7,412,000
5 g- A. & O.
In treasury.
5 g. J. & J.
$3,567,382
7is J. & J.

N.Y.,8.Pac.Co.,23Broad
do
do
do
do
N. Y., Del. Lack. & West.
do
do
do
do
do
do
do
do
do
do
Phila., Read’ g Term’l.
N.Y..N.Y. Sec. & Tr. Co.
Jan.,’01, pd. June, 1902
R. I.Hosp.Tr. Co., Prov.
Nashua, Indian Hd. Bk.
N. Y. and Nashville.
N.Y.. H anover Nat. Bk.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
Nashville.

VILLE.

1902

See text.

1901 $500&c. $20,000,000
1901 500 &C. 22,000,000

5 g. J. & J.
4is g. J. & J. Int’ st from Oct. 1,1901
do
do
4 g. A. & 0 .

Mch. 1, 1917
Apr. 1, 1918
July 1, 1920
July 1, 1913
July 1, ’02, 3*8
May 1, 1914
June 1, 1915
Deo. 1, 2000
Nov. 1, 1902
1912
May, 1902, 2 %
July 15,’02,6%
Jan. 1, 1929
July 1, 1926
1916
May, ’02, 4*a%
Nov. 1, ’9 8,1 %
July 1, 1913
Jan. 1, 1917
Oct. 1, 1917
Jan.,1906&’ 23
Jan. 1, 1923
Jan.1903 to’ 17
Nov. 1, 1909
Apr. 1, 1928
Jan. 1, ’03-’20
July, 1902,3%
Jan. 1, 1932
Jan. 1, 1926
Oct. 1, 1951

V o ting T r u st .—B oth classes o f stock (ex cep t sufficient to q u a lify
Lebanon, &c., 485 miles; leases Western & Atlantic, Chattanooga
Tenn.. to Atlanta, Ga., 137 miles, and Memphis & Paducah Divison of directors) is v e ste d in th ree v o tin g trustees fo r five years o r u ntil
the Louis. & Nash , 255 miles. See Y. 71, p. 544, 664, 864. Total op ­ th e p re fe rre d stock shall h a v e p aid 4 per cen t cash dividen d s yearly
fo r tw o su ccessive years, b u t th e v otin g trustees m ay, in th eir dis­
erated July 1, 1901,1,195 miles.
O r g a n i z a t i o n .—A majority o f the stock ($ 5 ,5 0 0 ,5 0 0 ) is owned b y the cretion , d eliver th e stock at an earlier date.
B onds .—The new bonds are applicable as fo llo w s :
Louisville & Nashville, and pledged under its unified mortgage, etc., so
e
that the tw o systems are operated in close harmony. The Western & Prior lien 4 1 per cent gold bonds, bearing interest from
Oct. 1,1901. Total issue [except to refund, $ for $,
Atlantic is leased from the State of Georgia for 29 years from Dec. 27,
Mexican International RR. prior lien bonds, now
1 8 9 0 , at $ 4 2 0 ,0 1 2 per annum.
$5,850,000] not to exceed.................................................. $ 2 3 ,0 0 0 ,0 0 0
D iv id e n d s > 1888 1889 1890 1891 1892 1893 ’ 94 *95 to N o v .,’ 98
Of which in partial exchange for old bonds...\ P r e s e n t ( 10,779,000
since 1 8 8 7 ... 5 4%
5
5
5
5
3% 3 ^ 4 p. c. yearly
9,221,000
Purch. by syndicate to provide cash require’t s .) issu e . £
The 1899-1901 dividends were passed, surplus earnings to be used Reserved for general purposes under proper restric­
for new equipment and reduction o f floating debt —V. 68, p. 187.
tions, but not to be sold before Jan. 1 ,19 04 , except
to meet any unexpected increase in expenses of
B o n d s .— The Tracy City branch 6 s fall due $ 2 0 ,0 0 0 yearly o n Jan. 1
changing the gauge and building El Salto extension.
3,000,000
to 1 9 1 6 inclusive, and $ 1 0 0 ,0 0 0 on Jan. 1 ,1 9 1 7 .
Consolidated mort. o f 1888 provides that all prior bonds shall be paid First consolidated mortgage 4 p ercen t gold bonds. Total
issue [except to refund, $ for $, Mexican Internation­
off at maturity; sufficient oi the $20,000 p. m. are reserved for them.
al RR. 1st consols, now $6,783,000] not to exceed___ 6 0 , 0 0 0 , 0 0 0
G e n e r a l F in an ces .—Bills payable incurred for lease o f Western
In partial exchange o f existing securities___
( 11,404,687
& Atlantic RR. and new equipment June 30,1 90 1 , $1,062,046.
Purch by syndicate to provide cash require’ts
I
3,595,313
L a t e s t E ar n in g s .—July 1 to May 31 (11 months):
To be issued forthwith, with $7,000,000 pre- [ P r e s e n t j
11 mos.
Gross.
Net.
Interest, etc. Bal.,sur.
ferred stock, to acquire ju n ior securities o f
is s u e . J
1 9 0 1 -2 ..........................$7,266,021 $2,142,134 $1,677,508 $464,626
Mexican International RR. (including mai
1900-1............................. 7,087,864
2,318,904
1,699,416 619,488
joritv o f its capital sto ck ..................
t. 7,000,000
23,000,000
A n n u a l R e p o r t .—Report for 1900-01 in V. 73, p. 781, including Reserved to retire new prior lien bonds wnen due...........
Reserved for improvements and new equipment, at
Paducah & Memphis division, 254 miles, in 1900-01.
not exceeding $500,000 a year........................................
6,000,000
Tear ends June 30.
1901.
1900.
1899.
1898.
Reserved for acquisitions o f new property and for ex­
Mileage end of y e a r...
1,195
935
935
905
tensions at not exceeding $10,000 per mile of stand­
Gross earnings............. $7,620,128 $6,487,318 $6,081,766 $5,646,549
ard-gauge line, or $7,500 per mile of narrow-gauge
Net earnings................ 2,509,002
2,246,734 1,982,059 1,982,724
9,000,000
Investments, etc.........
22,253
26,178
30,482
........ line, on which the consol, mortgage will be a first lien
The tw o new issues o f bonds w ill be secured bv a first and second
Net income............. $2,531,255 $2,272,912 $2,012,541 $1,982,724
on all the property f the
Int. on debt and ta x ... $1,231,484 $1,262,005 $1,203,391 $1,102,187 lien, respectively, for under the readjustmentoand the Company now
owned or provided
El Salto exten­
R en tals........................
625,877
422,268
422,268
420,012
sion when constructed, and also upon the securities o f the Texas M ex­
Dividends........................................
............ (1%) 100,000 (4%) 400,000
ican Ry., and $15,786,000 of the $20,708,200 capital stock of Mexican
M iscellaneous.............
54,514
42,731
32,347
International.
Balance................ sr.$619,380 sr.$525,908 sr.$254,535 sur. $60,525
In June, 1902, an agreement was made to guarantee the $6,984,000
- ( V . 71, p. 864, 1220; V. 72, p. 87; V. 73, p. 3 3 6 , 7 8 1 ,1 3 1 3 .)
Mexican International consol. 4s, principal and interest. V. 75, p. 77
F N a sliv Ille Sc D ec a tu r R R . —(See Map Louisville < Nashville.)—
6
P o sition o f N e w C o m p a n y .—The report of the Mexican National RR.
Ownsfrom Nashville, Tenn., to Decatur, Ala., 119 miles. Leased to for the calendar year 1901 was in V. 74, p. 826, 834; see also below.
Louisville & Nashville for 30 years from July 1,1872, at a rental o f 6 p The plan presents the follow in g [in United States cu rren cy]:
o. per annum on stock, but lease was terminated July 1, 1900, and Net earnings for the calendar year 1900, according to the
under new lease for 999 years the rental will be 7 ^ per cent on stock,
annual report (not including Mexican International HR,
the 7s due July 1,1900, being retired and new stock issued therefor
now controlled)............................................................................$1,208,634
to the L. & N., which July 1, 1900, ow ned $2,179,650 of the stock.—(V. Extraordinary expenditures charged to operating expenses
68, p. 928; V. 69, p. 1012; V. 70, p. 1195.)
or against current income, but properly chargeable to
N a a li. F l o r . Sc S h e ffie ld R y .—See Louis. & Nash.—(V. 71, p.646.).
capital account (according to statement confirmed by
Messrs. Price, Waterhouse & C o)............................................
363,932
N a s h v i l l e T e r m i n a l C o .—V. 74, p. 577, 830.
N a t i o n a l R R . o f iM e x ic o . —(See M a p .)-O p e r a te s a road ex­
Total actual net earnings in year 1900.............................. $1,572,566
tending from Corpus Christi, Tex , on the G ulf of M exico, to the City Estimated net earnings after the main line has been made
o f M exico, with branch to Uruapan, etc., viz.:
standard gauge, the proposed El Salto extension built,
and other improvements accomplished, but not including
Lines owned—
Miles. Controlled—Secur. owned. Miles.
any. surplus from Mexican International................................$2,100,000
Laredo to City of M ex ico......... 839 Texas Mexican Ry., Corpus
Annual fixed charges alter readjustment (estimated):
Ac ambaro to Uruapan............ 143
Christi to Laredo, T ex., and
Int. on $20,000,000 prior lien 4 ^ p. o. goldbonds.$900,000
El Salto branch.......................... 30
b ra n ch ................................... 163
Interest on $22,000,000 first consolidated mort­
Matamoras to San M iguel....... 76
Under construction—
gage 4 per cent gold bonds, including $7,City o f M exico belt lin e.......... . 3 El Salto extension (Huehue0 0 0 , 000 for purchase o f control o f Mexican
Rincon to San Luis de la P a z.. 31
toca to near San M iguel)... 155
International........................................................... 880,000
------------- $1,780,000
Total building and built (about 450 m. to remain narrow gauge).1,440
The surplus of 1he Mexican International RR. over all its
Also controls by ownership o f a m ajority of stock the Mexican In­
interest charges for the year 1901 (see report, V. 74, p.
ternational RR. extending from connection with the Southern Paeifio
772, 783) w as............................................ ................................... $595,602
at Eagle Pass, Tex., to Durango, Mex., and to the National RR. of
“ It thus appears that the fixed charges will on com pletion of the
M exico at Monterey, with branches, 880 miles in all. Grand total Na­
readjustment be well within the net earnings of the property.”
tional system, 2.320 miles.
O r g a n iz a t io n .—Incorporated in Utah on Feb. 24,1902, as successor E ar n in gs 1,323 miles—5 mos. /1902 Gross,$3,568,029; net, $1,104,361
Jan. 1 to May 31.
S1901.Gross, 3,266,517; net, 1,137,681
without foreclosure of the Mexican National RR., per readjustment plan
A bove figures are in Mexican currency.
issued bv Speyer & Co. and Kuhn, Loeb & Co. of New York and Speyer
The report of the Mexican National RR. for year ended Deo. 31,1901,
Brothers o f London, given in V . 7 3 , p . 7 8 4 .
The new company has
issued the securities shown in the table above in exchange for old se­ was given in V. 74, p. 826, 834; see also editorial p. 801.
curities and for the standard-gauging o f the main line from City of
Tear ena'g Dee. 3X—
1901.
1900.
1899.
1898.
M exico to Laredo, the construction of ihe El Salto extension, M iles operated............
1,323
1,289
1,242
1,218
155 miles; also the purchase o f $15,786,100 of the $20,708,200 capital Gross (Mex. c u r .).... $7,724,526 $7,866,699 $7,087,675 $6,330,920
stock of the Mexican International RR. See separate statement for
In 1901 net earnings (U. S. cur. at actual rate o f exchange), $1,400,that company. In Dee., 1901, over 99LJ per cent o f the “ A ” and “ B” 19s; miscellaneous, betterments, etc., $80,037; taxes, rentals, ex­
bonds, all the incom e bonds and over 97*6 per cent o f the stock o f the change, depreciation, etc., $170,566; int. on prior lien bonds, $653,000;
Mexican National RR. Co. had accepted the plan. The Mexican Na­ div. (4L2 per cent) on “ A " bonds, $547,425; bal., sur., $499,250.
tional was taken o v ir April 10,1902, but the new com pany assumes
D ir e c t o r s .—E. H. Harriman, George J. Gould. W . E. Leeds, L. F\ Loree,
the former's accounts from Jan. 1, 1902. V. 74, p. 830, 835.
Martin Erdmann, Gordon Macdonald, Felix M. Warburg, ffm . G. Raoul, F, B.
' “ tock .—The common stock is $33,350,000, all issuable in exchange Drake, Uenry W . Taft.
S
for stock o f old company, $ for $, The $32,000,000 of preferred stock
O f f i c e r s . - Pres., W. G. Raoul; 2d Vice-Pres., E. N. Brown; Treas.,
(4p.o. non-cumulative) has been or may be issued under plan as follows: Gabriel Morton; Secy., George H. Smith. New York office, 1 Nassau
In partial exchange for existing securities.......................
$20,663,625 S t.-V . 74, p. 1038, 1089, 1139, 1252, 13 55; V. 75, p. 77.
Sold to syndicate for cash reauired by plan....................
1,000,000
N e s q u eli o n I u g V a l le y R R .- O w n s from Nesquehoning Junction,
For all rtghtsof the Mexican "National Construction Co.
1,400,000
P a.,toT am enen d,P a.,17 miles; Tunnel Branch to Lansford, Pa., lm ile.
Issuable forthwith for acquisition of Mexican Inter­
national j unior securities..................... .........................
7,000,000 Leased for 999 years (with 5 p. c. guaranteed on stock till 1904) to the
For contingencies (anysurplus to new com pany.)..........
1,936,375 Lehigh Coal & Navigation Co., which under its option proposes to retire

RAILROAD STOCKS AND BONDS.

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98

INVESTORS’

SUPPLEMENT.

[V ol. LXXV.

Bonds—
Princi­
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal,^When Due,
Amount
of
Par
of
Rate per When Where Payable, and by Stocks—Last
For explanation of column headings, &o., see notes
Road. Bonds Value. Outstanding Cent.
Whom.
Payable
on first page o f tables.
Dividend.
RAILROADS.

National RR. o f Mexico.—(Concluded.)—
Pref. stock, 4 per cent, non-cum., $32,000,000...

....

Naugatuck—See N. Y. N e w Haven & H a r tfo r d .
18
Nesguehoning Vat.—Stock subj. to call Sep. 1 ,19 04
Nevada-Calif.'-Oregon.—1st M. $1,500,000, g o ld ... 130
59
Newburg Dutchess dt Connecticut—Col. trust bds.Ce
59
Incom e m ortgage for $1,625.000......................... r
New England RR.—N. Y .& N. E. 1st M., eur.B B.o* 321
Do
do
1st mort., cur.-c* 321
1st cons.M., $17,500,000, g.,gu.,p.& i., end.M a.c* 361
N.Y.&N.E. B os.Term .lstM ., $1,500,000.A B .c& r
New Haven < Northampton—See N. Y . N e w H ave N & H
£
New Jersey Junction^- 1st. M., guar., $4,000,000.c<fer
5
New Jersey < New York—See E r ie RR. Co.
6
121
New London Northern—Stock......................................
Consolidated M., now 1st M. ($688,000 are 4s)_c* 121
N. Mex. Ry. & Ooah- 1st & oon. & col. tr. M., g .C o l ....
Collat. trust, gold ($3,000,000) red. at 105. N ___ 165
36
Alam. & Sac. Mt. 1st M., $900,000, g., g u a r...N
E l Paso & R ock I., 1st M., $2,500,000,g., gu.C ol.o* . . . .
Dawson Ry. & Coal, Coll, tr., g., gu. p. & i.C ol.o* 130
New Orlejxns < North Eastern—Prior lien M., g.Ce.c* 196
£
196
1st mortgage, g o ld .F ................................................
OfvnfvrRl mortgage), $fiT
000T
000j gold .....................
Tonomp) mortgage, $1T
500,000Tgold ................ ......
N. 0. < Northwest’n—Coll, trust M., g.,$500,000.C e 102
&
....
Newport < Oincin. B ndge.—Stook, $1,500,000.......
6
1st M., $1,500,000, g., s. f. gu. p. & i. end by P a .F Co.o*
N. Y. Brooklyn < Manhat. Beach—Common stock ..
6
20
Preferred stock, non-oumulative............................
1st con. M. (now 1st M.) gold, guar. Dy L. I.Ce.o*
20

$30,063,000
32,896,000

—
....
$50
1899
1,000
1891 500 &o.
1877
1,000
1876
1,000
1876
1,000
1895
1,000
1,000
1889

1,418,600
450,000
226,000
1,164,500
6,000,000
4,000,000
5,000,000
1,500,000

M. & S. Phila., 108 So. 4th St.
5
N. Y., Moran Bros.
5 g- M. & N.
5
M. & N. N. Y ., Central Trust Co.
6
None ever paid.
J. & J. Boston, S. Dep.& Tr.Co.
7
do
do
6
J. & J.
do
do
5 g. J. & J.
4
A. & O. coup, .office; reg. .mailed

1886

1,000

1,700,000

4

....

100
1,000

1,500,000
1,500,000
1,500,000
3,000,000
322,000
2,500,000
3,000,000
1,320,000
5,000,000
See text.
See text.
500,000
1,500,000
1,400,000
350.000
650.000
1,726.000

9
4 &5
5 g.
5 g5 g.
5 g.
5 g.
6 g.
6
4*2 g.
Up to
5 g.

ARTFO RD.

1880
1901
1897
1898
1901
1901
1885
1881
1902
1902
1898
....

1895
1885

1,000
i.o'oo
1,000
1,000
1,000
i.oo‘6
100
1,000
100
100
1,000

the stock at par and Interest on Sept. 1 ,1 9 0 4 ; see item “ Delaware D i­
vision Canal” in V. 66, p. 1139.
N e v a d a - C a H f o r n i a - O r e e o n R y . — Reno, Nev., to Madeline, Cal.,
145 miles; extension proposed to Lake View, Ore., 95 miles. The Sierra
Valleys RR., Plumas to Clairville, Cal, is operated under an agree­
ment. V. 74, p. 776. Stock, common, $1,450,000; preferred, $750,000, all outstanding. During 1901-2 6 per cent bonds were all ex­
changed for 5s.
E ar n in gs — 11 mos., ) 1901-2.. .......... Gross, $143,045; net, $55,196
July 1 to May 31.
£ 1900-1................ Gross, 137,732; net, 49,105
Surplus over charges, $32,034 in 1901-2, against +24,355 in 1900-1.
Year 1900-1, gross, $151,639; net, $55,558; int. on bonds, $27,000;
bal., sur., $28,558. Pres., D. C. Moran, 68 Wm. St., N.Y. V. 74, p. 1196.
N e v a d a m i d l a n d R R . —Battle Mtn., N ev., to Austin N ev., 94
miles, narrow gauge; to be extended south 126 miles from Austin Jet.
to Tonapah, Nev., the entire road to be standard gauge. Incorporated
in New Jerseyin Feb., 1901., as successor o f the Nevada Central RR.
Stock authorized, $1,750,000. In 1902 newm ortgage was about to be
made to secure $1,750,000 5 per cent bonds, the $226,000 old bonds to
be retired. See V. 74, p. 379. Earnings for 1900-01, gross, $32,953;
net, $3,241; no interest paid by railroad. Pres., Samuel Bamberger.
N e w a r k S o m e r s e t Ac S t r a i t s . —Sold to B. & O. See V. 70, p. 792.
N e w b u r g D u t c h e s s Ac C o n n e c t i c u t R R . —Owns from Dutchess
Junction, N. Y ., to Millerton, N. Y .. 59 miles. A reorganization in 1877.
St o c k , E t c .—Common, $500,000; pref., $600,000; par $50. There
were June 3 0,1 90 1 , $226,000 coll, trust 5s; $1,164,500 incom e 6s, and
$32,000 o f 5 p. c. real estate M. notes. In year ending June 3 0,1 90 1 ,
gross, $158,331; net, $34,083; other income, $510; interest, taxes,
etc., $19,980; bal., surplus, $14,613.—(V. 65, p. 5 6 8 .)
N e w E n g l a n d R R . —New Y ork New Haven & Hart. RR. owns
nearly all or the stock, and since July 1, 1898, has leased the road,
w hich includes: Lines owned, Boston to H opewell Junction, N. Y., 214
miles, and branches to Springfield, Mass., Providence, R L, etc., 146
miles. Lines leased (see each company), Norwich & Worcester R R .,72
miles; Providence & Springfield RR., 28 m.; Woonsocket & Pascoag
RR., 9 m.; other linos, 38 miles; trackage, 29 miles; total, 536 miles.
Through Norwich & Worcester RR. controls Norwich <z New York
5
Trans. Co.’s steamers, 125 miles.
H is t o r y .—A reorganization o f the New Y ork & New England (sold
in foreclosure July 9 ,18 95 ) per plan V. 58, p. 762. In June, 1900,
there had been exchanged orw as held by the lessee all except $52,500
o f the $20,000,000 com mon and $71,500 o f the $5,000,000 pref. stock.
Preferred stock not exchanged receives dividends of 3 per cent per
annum under 99-year lease.—V. 66, p. 384, 617,1002; V. 69, p. 1012.
B o n d s .— See guaranty of consols by N. Y. New Haven < Hartford
fe
RR. V. 64, p. 611; $10,000,000 reservedto retire lets.—(V. 69, p.1012.)
N e w J e r s e y J u n c t i o n R R . —Terminal road through Jersey City,
H oboken and Weehawken, about 5 miles. Leased for 100 years from
June 30,1886, to New York Central which guarantees the bonds abso­
lutely and owns $100,000 stock. Connects with National Docks Ry.
N e w J e r s e y Ac N e w Y o r k R R . —Owns from Erie Junction, N. J.«
to Gamerville, N. Y., 29 m iles: branches to New City, eto., 5 miles ; oper"
ates to Haverstraw, etc., 14 m iles; total operated, 48 miles. Erie RRin April, 1896, purchased control.
Stock, $1,440,800 common; $787.800 preferred; par, $100. Control is with preferred stock and first
mortgage till 6 per cent has been paid on preferred for three years.
E ar n in g s —Year ending June 30, 1901, gross, $340,745; net,
$104,501; interest, etc., $60,283; balance, $44,218.—(V. 65, p. 8 2 2 )
N e w J e r s e y Ac S t a t e n I s l a n d J u n c t i o n R R . —V. 74, p. 1252.
N e w L o n d o n N o r t h e r n R R . —Owns from New London, Conn., to
Brattleboro, Vt., 121 miles, and leases Brattleboro & Whitehall R R .,
Brattleboro to South Londonderry, Vt., 37 miles.
L e a s e d for 9 9 years from Dec. 1 ,1 8 9 1 , to Central Vermont. The
rental is $ 2 1 3 ,5 5 2 per annum, whioh leaves a small surplus after pro­
viding for inter., eto., and 9 per cent dividends. Taxes and im prove­
ments met by lessee, without claim on New London Northern.
D iv id e n d s .— 1888 to Apr., 1892, 7 p. c. yearly, then 8 p. c. yearly to
893,inclusive, and since to A p r ., 1902 (inclu.), 2H p. o. quar. (9 p.an.)
N e w M e x i c o R y . Ac C o a l .— (See M a p ).—Owns El Paso & North­
eastern Ry., from El Paso, Texas, northeast 164 miles; to the Salado
Coal fields; oontrolsand operates El Paso & R ock Island Ry., Carrizosa
to Santa Rosa, 130 miles, com pleted Feb. 1, 1902; Alamogordo &
Sacramento Mt. Ry., Alamogordo, N. M., to Cox Cafion, 2 7 ^ miles; total
321*2 miles.
In Feb., 1902, the El Paso & Rook Island Ry., with $2,500,000 stock,
of which 60 per cent owned by the N. M. Ry. < Coal, and $2,500,000 5
fe
per cent guaranteed 50-year bonds, com pleted the road from Corrizosa,
N. M., to Santa Rosa, 130 miles, at a connection with an extension,
of the Chio. Rook Island & Pac., with which a d o s e traffic agreement
has been made for 9+9 years,—V. 71, p. 1219.
In Oct., 1901, the Dawson Ry. & Coal Oo., with $3,000,000 stock,
w as proposing to build from Liberty, New Mex. northerly to Dawson,
135 miles, its collateral trust bonds to be guaranteed principal and
interest, and to be secured by the stock and bonds ($3,000,000 eaoh)
o f the Dawson Ry. and those of the Dawson Fuel Co. ($1,<'00,000 each)
the'latter owning about 25,000 acres of ooal, mineral and timber lands.
—V. 73, p. 900; V. 74, p. 776.
Se c u r it ie s .—Stook, $4,000,000, o f whioh $1,000,000 non-cum. 5 p. o.
pref. The coll, trust 5s of 1897 are secured by deposit ofjall the stock and

M ch.,’02,2*a%
May 1, 1919
May 1, 1921
June 1, 1977
Jan. 1, 1905
Jan 1, 1905
July 1, 1945
Apr. 1, 1939

F. & A. N. Y. Cent. & Hud. Riv. Feb. 1, 1986
Q .-J .
J. & J.
A. & O.
A. & O.
A. & O.
J. & J.
J. & J.
A. & O.
J. & J.

New London, Office.
N. Y ., Bk. of No. Amer.
N. Y., Colonial Tr. Co.
N. Y.,N. Y. 8eo.& Trust.
do
do
N. Y., Colonial Tr. Co.
do
do
N. Y ., Central Trust Co.
N. Y., Muller, Sehall&Co.

July, 1 90 2,2 k
July 1, 1910
Oct. 1, 1951
Oct. 1, 1947
Apr. 1, 1928
Jan. 1, 1951
July 1, 1951
Nov. 1, 1915
Jan., 1911

4*2 p. c. if earned.
J. < J.
fc
See text.
Jan. 1, 1908
Pittsburg, Pa.
O c t.l,’ 0 1 ,l* 4 %
4*2 g. J. & J. N.Y., Farmers L.&T.Co. July 1, 1945
A. & O.
Checks mailed.
Apr., ’ 02, 2*s%
5
5 g. A. & O. N.Y., Corbin Bank’ g Co. Oct. 1, 1935

bonds of El Paso & Northeastern Ry. o f New Mex. ($2,700,000 o f eaoh)
the stock of the El Paso & N. E. RR. of Texas, $300,000 (no bonds is­
sued), and all the stook ($2,500,000) and all the bonds ($1,500,000) « f
the New M exico Fuel Co., the latter covering 3,500 acres of coal lands.
Of the first and consolidated and collateral trust 5s of 1901, $3,000,000 are reserved to retire the collateral trust 5s of 1898 and $2,000,000
are applicable for improvements and new equipment.—V. 74, p .77 6.
The bonds o f the Alam ogordo & Sacramento M’t’n Ry., o f the El
Paso & R ock Island and those o f the Dawson Ry. & Coal Co. are
to be guaranteed. See above. Equipment trust notes Feb. 28, 1901
$175,912; notes payable, $221,985. Report for year ending June 30,
1901, in V. 74, p. 827, showed net earnings, $385,690; int. on bonds,
$144,121; bal., sur., $241,569. N .Y . office, 6 8 William St.—V. 7 4 ,p. 8 2 7 .
N e w O r le a n s Ac N o r t k E a s t e r n R R . —New Orleans, La., to
Meridian, Miss., 195 miles; 64 are 60 and 131 are 75 lb. steel rails.
Stock $5,000,000 (par, $100), of whioh $4,320,000 and $4,900,000 1st
6s were held by Ala. New Orleans Texas & Pac. June. Ry., to which was
due $1,158,588 on coupon and $1,069,518 on other accounts.
The stockholders on Mar. 5,19 02 , voted to increase the capital stook
by $1,000,000 and to create the general mortgage and in ome bonds
shown in the table above, to be used as stated in the plan, V. 74, p. 681.
The Ala. New Orl. & Texas Pac. Jet. received in payment or over­
due coupons and advances $260,728 cash and the $1,000,000 new com­
mon stock and $954,200 incom e bonds, a portion of the balance of the
incomes being used to purchase the Levee Steam Cotton Press property in
New Orleans, now rented for $24,561 annually. Of the new general
4*2S, $6,22o,000 are being used or reserved to retire the existing bonds
(including the $4,900,000 first 6s, owned by the A.N. O. T. & P. Jet. Ry.,
to be retired at once) and $1,680,000 for additions and improvements,
o f which $500,000 is to be issued shortly. The plan will immediately
reduce the fixed charges b y $98,061.
E a r n in g s .—Y ear ending June 30, 1902, gross, $2,023,260, against
$1,929,812 in 1900-1. R eport for 1900-01, V. 73, p. 1262.
Balance.
Yr. end. June 30. Qross.
Net.
Other inc. Int., etc.
$90,547
1900-01..............$1,929,812 $475,883 $5,864 $391,200
139,411
1899-00.............. 1,856,200
519,615
3,402
383,606
- ( V . 71, p. 751, 9 1 0 ; V. 73, p. 1 2 6 2 ; V. 74, p. 268, 681.)
N e w O r le a n s Ac N o r t h w e s t e r n R y . —Owns from Natchez, Miss.,
to Bastrop, La., 102 miles. On Feb. 14, 1901, control was transferred
to the Missouri Paciflo Ry., which acquired $4,172,900 of the $4,500,000 stock and $2,000,000 bonds. V. 72, p. 339, 391; V. 74, p. 574. In
July, 1901, foreclosure o f underlying mortgage was begun. V. 73, p.
185. In June, 1902. extension was com pleted from Bastrop to the
Louisiana-Arkansas State line, whence extension was being built
northwesterly to El Dorado, Ark., 45 miles under the charter of the El
Dorado & Bastrop Ry.—(V. 73, p. 185.)
N e w O r le a n s R e l t Ac T e r m i n a l C o .—Owns a belt railroad
encircling the city o f New Orleans and connecting with all the rail
roads entering that city. Entrance to business centre is had over the
tracks o f the East Louisiana Railroad. Owns a large terminal property
at Port Chalmette, containing about 2,300 acres, with 80 cotton ware­
houses, capacity o f 250,000 bales, a grain elevator, eto. A reorganiza­
tion of the New Orleans & Western RR. Sold in foreclosure oh April
9, 1901, to F. J. Lisman & Co., New York. Stook authorized, $1,000,000, and $2,500,000 4 per cent bonds, Standard Trust Co., N. Y.
trustee, of which $1,000,000 are outstanding. In June, 1901, property
was owned by a syndicate. Pres., W. C. Dotterer, New Orleans;
Sec. and Asst. Treas., G. MoD. Nathan. —(V. 72, p. 722,1280.)
N e w p o r t Ac C i n c i n n a t i B r i d g e C o .—Owns bridge from New­
port, Ky., to Cincinnati, O. Louisville & Nash, is under contract to use
bridge; annual rental, $115,000. Penn. Co. owns *1,340,000 stook.
Dividends paid Oct., 1 8 9 9 ,1 ^ p. o.; 1900, 3 p. c.; 1901, 3 p. c.
E ar n in g s .—F o r year 1901 gross, $155,489; net, $107,350; interest*
eto., $63,000; b alan ce, surplus, $44,350.—(V. 63, p. 1159.)
N e w Y o r k B r o o k l y n Ac M a n h a t t a n B e a c h R y . —Owns from
Fresh Pond Junction to Manhattan Beaoh (Coney Island), and branches
to Bay Ridge and Greenpoint, 20 miles, o f which 16 miles double track.
L e a s e , E t c .—A consolidation August 27,1885. Leased for 99 years
from May 1,1882, to the Long Island RR. Co. at 35 per cent o f gross
earnings. Rental guaranteed to be at least 5 per cent on pref. stook.
B o n ds .—The L. I. RR. has attached to the bonds its unconditional
guaranty.of prin. and int. in addition to facts as to lease.—(V. 73, p. 32.
N e w Y o r k Ac C a n a d a R R . —Whitehall, N. Y., to Rouse’ s Point,
N. Y., 113 m iles; brandies, 38 miles, Stock, $4,000,000, par $100.
L e a se , E tc .—Leased for long term by The Delaware & Hudson Co.,
whioh guarantees the bonds, and has $3,768,642 invested in the prop­
erty. See debenture guaranty, V. 64, p. 181.
Oross.
Net.
Charges.
Balance.
Year to 5 1900-1........$1,183,133 $421,750 $281,109 sur. $140,461
June 30. (1 8 9 9 -0 ........ 1,146,575
417,995
319,563 sur.
98,432
- ( V . 72, p. 987; V. 73, p. 337; V. 74, p. 1088.)
N e w Y o r k C a n a d i a n P a c i f i c R y . —See V. 75, p. 30.
N e w Y o r k C e n t r a l ^ H u d s o n R i v e r R R . —I See M a p .)—
H is t o r y , &c.—Control o f the Lake Shore and Michigan Central roadi
was acquired in 1898, as stated below. Their earnings were reported
separately, but the dividends on their shares held by the Central are in
oluded in the iteinj“ other incom e,” offset^by a like amount of interes'
on the collateral bonds issued for their purchase. V. 71, p. 502.

99

R A IL R O A D STOCKS A N D BONDS

J u l y , 1902.1

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E W M E X IC O R A IL W A Y
COAL COMPANY.
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EL PASO & NORTH! ASTERN HY
EL PASO S HOCK ISLAND RY,
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COAL LANDS SHADED

lO O

USTYESTORS’

SUPPLEMENT.

[Vol. LXXY

B on d s-Princi­
RAILROADS.
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal, When Due,
Amount
of
of
Par
For explanation o f column headings, A c., see notes
Rate per When Where Payable, and by Stocks—Last
Road. Bonds Value. Outstanding Cent. Payable
on first page of tables.
Whom.
Dividend.
JT. Y. <t Canada—1st M., sterling, gu. D. A H .lln .o ' 151 1874 *1 0 0 Ac $4,000,000
6 g. M. & N. London, Baring Bros. May 1, 1904
. . . . 1896
1,000
1,000,000
Debentures, g., guar. p. A i. end. Del. & H. C o___
4 ^ g. M. & N. N.Y., D. & H. Canal Co. May 1, 1904
JTete Y ork C en tral A H u d s o n R iv e r —Stook. T r .
....
....
100 132,250,000 5 in 1901 Q .-J . N. Y., Gr. Cent’l Stat’n. J u ly l5 ,’02, l i*
1,000 al8,327,000
N. Y. C. A H.,1 $30,000,000 ) O U I1 o r r e „ 5 819 1873
O T)O
J. & J. N. Y., Gr. Cent. Station. Jan. 1, 1903
7
1st m ort___(
*2,000,000 \ coupon or reg. ^ 819 1873
1,000 a5,727,095
6 g. J. & J. London, Union Bank. Jan, 1, 1903
D ebtcertlfs., (N.Y. Central), gold, $6,450,000.c<fcr . . . . 1853 500 Ac. a 3 ,610,500
4 g- M. & N. N. Y., Gr. Cent. Station. May 1, 1905
1884 1,000Ac a 4 ,526,000
Debentures, 1884, $10,000,000( A ll eq’ly f .. c&r
M. & S.
do
do
5
Sept. 1, 1904
Debentures, 1889, $1,000,000. f secured I ....... r >819 1889 l.OOOAo
649,000
M. & S.
do
do
5
Sept. 1, 1904
1890 1,000Ac a 5 ,097,000
Debent’s, g., s. f., $13,194,000. (b y mort. \ . c*<fcr
do
do
June 1, 1905
4 g. J. A D.
Refund.M., $100,000,000, g.Ce I of 1897. lo*<fcr.
1897 l.OOO&c 40,426,916
July 1, 1997
do
do
3^2 g. J. A J.
Oollat. trust, g. ($100,000,000) L. Sh. stk.G.c*<fcr
1898 1,000Ac 90,578,400
Feb. 1, 1998
F. A A.
3 lag.
do
do
. . . 1898 1,000&C 19,336,445
do
do
($21,550,000) Micb. Cent. stk..G
Feb. 1, 1998
do
do
3 leg. F. A A.
1900
5,500,000
Debentures Issued under B. & A. lease..................
July 1, 2000
do
do
3!eg. J. A J.
100 14.000. 000
N. Y. Chicago dt St, L ow s—Common stock................... 523
100
11.000. 000 3 in 1902 March. N. Y., Gr. Cent. Station. Mch. 1,’ 02, 3%
2d preferred (5 per cent, non-cum ulative)............ 523
100
....
1st preferred (5 per cent non-cumulative)............ 523
5,000,000 5 in 1902 March.
do
do
Mch. 1,'02, 5%
1,000
19,425,000
1st M., gold, sinking fund not drawn....... Ce.o*<fcr 505 1887
4 g. A. A O. N. Y., Union Trust Co. Oct. 1, 1937
1892
1,000
Equip. t r .,“ A ” gold, $60,000, Sept. 1, yearly C e.
60,000
M. A S. N. Y ., Central Trust Co. Yearly to 1908
5
1,000
Yearly to 1911
Equip, tr. “ B” g. $23,000 due yrly Feb.l5.,Ce.o<fcr . . . . 1896
212,000
F.AA 15
do
do
5
Equipm ent notes, $20,000 due sem i-annually... ____ 1900 20,000
340,000
4 L3 J. A D. N. Y., Nat. City Bank. To Dee. 31, ’ 10
53 1896
lOOAo
New York.
Jf. Y. < Oreenw.L.—P riorlien M .,gu .p . <fci...N.gxo*
6
1,500,000
May 1, 1946
5 g- M. A N.
50
8,656,050 See text. See te x t N. Y., Gr. Cent. Station. J u ly l, ’02, 5%
JT Y. < Harlem—Common, 14 p. o., 10% guar.......... 145
.
6
....
50
145
J u ly l, ’02, 5%
Preferred stock, 14 per cent, 10% guar.................
1,343,950 See text. See text
do
do
May 1, 2000
Refunding M. (now 1st), $12,000,000, g...Ge*<fcr 136 1897 1,000&C 12,000,000
do
do
3ie g. M. A N.
__ _ 1902
1,000
N. Y. d Jersey—1 stM., $7,000,000, red. at 1 1 0 .G .c*
k
4,500,000
5 g. F. & A. N. Y ., Guaranty Tr. Co. Feb. 1. 1932
100
214
....
J u ly ,’0 2 , 114 %
H. Y. Lackawanna < Western—Stook, guar. 5 p. ct.
£
10,000,000
5
Q .-J . N. Y., by Del. Lack.A W.
214 1880
1,000
Jan. 1, 1921
12,000,000
do
do
1st mortgage, guar, by Del. Lack. & W est— F .c
J. A J.
6
214 1883
1,000
Aug. 1, 1923
Oonstr. mort., guar, by Del. Lack. A W e s t.F ...o
5,000,000
F. A A.
do
do
5
May 1, 1923
1,000
M. A N.
do
do
3d M. Term. Imp. (for $5,000,000), gu. p. A i..,F . 214 1890
5,000,000
4
Hew York Lake E rie < Western—See E r i e RR.
6
1.000
38 1891
192,000
5 g. M. A S. N. Y., Liberty Nat. Bk. Sept. 1, 1941
rB r .-G e n . M. (now 1st) J $2,500,000, g.c
1,000
do
do
Sept. 1, 1941
38 1891
1,553,000
4 g. M. A S.
a As reported May 1, 1902: the amount out standi ng whlen refu nding began is given in first le ft hand column.

J

A nnual R eport .—Fiscal year ends June 30. R eport for 1900-01 was
N e w Y o r k C e n t r a l Sc H u d s o n R i v e r R R . —C o n c lu d e d .
In Jan., 1900, control o f the Lake Erie & Western was acquired, also given at length in V. 73, p. 720, 779, 790. See also editorial p. 757.
a large interest in the Cleve. Cin. Chic. & St. Louis, increasing the A dvance statement for 1901-2 was in V. 74, p. 1353. Of the freight
Vanderbilt interest in the latter to an absolute majority. The Central (42.401,356 tons) carried in 1900-01, about 36 p. c. was coal and coke.
has since transferred its holdings in these companies to the Lake Shore, Y. 71, p. 503.
Years end. June 30.
1902.
1901.
1900.
which see. In 1900, also, an understanding was reached between the
3,357
2,829
Vanderbilt and the Pennsylvania interests, by which the latter be­ Miles June 30 ............................................
Freight earnings................. )
($39,550,399
$34,273,141
cam e join tly interested in Ches. & Ohio R y.—V. 70, p. 76, 125,1049.
Passenger earnings................. $70,800,000 -; 20,866,357
15,464,294
H oldings of Vanderbilt estate. V. 71, p. 1221.
The Boston & A lbany RR., 394 miles, giving a through line to Boston, Mail, express, etc..................3
(
5,916,355
4,825,517
was taken over under lease Nov. 10, 1900, its operations being in­
Total gross earnings___ $70,800,000
$66,333,111 $54,562,952
clu d ed in earnings o f system from July 1,1900. See that com pany.
Net earnings............................... $24,150,300 $23,744,895 $20,511,365
M il e a g e .—The com pany’ s system consists o f the fo llo w in g :
Other incom e............................. 4,830,000
4,530,294
4,716,745
Operated under contract.—
Miles.
Lines owned.
11
442 Terminal Ry. of Buffalo ...IT
New York to Buffalo..
Vet incom e ........................ $28,980,300 $28,275,189 $25,228,110
13 Deduct—dentals p a i d ......... 1
378 Pittsburg A E astern..............
f $9,204,619
$6,939,127
Other..........................................
3
Interest on debt............... I
I 7,767,548
7,664,430
Trackage..................................
107
co.
Lines leased.
Taxes on eam . & stock
} $20,660,000-j
853,231
343,196
Total in earnings..................3,357
Taxes on real estate....... I
I 2,339,094
1,936,907
- K 495
Controlled— Operated separately.
6
U. S. Int. Rev. ta x .......... J
l
68,514
65,423
~H
6 Lake Shore A Mich S o ........ H1,413
Reserved for deb’tures.........
300,000
300,000
300,000
..11
Michigan C en tral................. Ill,658
Dividends.................
(5)5,965,625 (5)5,750,000 (4^)4,937,500
-H 136
5 N. Y. Chic. A St. Louis RR.-U 513
Special impr’ ment fund....
......... .
1,500,000
2,000,000
-IT
-.IT 624 Lake Erie & W estern____ if 725
182 Northern Ohio .....................IT 165
Balance from operat’n.......... $2,054,675
$492,183
$1,041,527
..IT
--IT 46 “ Big Four” System.............. 1(2,234
President, Wm. H. Newman; Chairman of the Board, Chauncey M.
13 Indiana Illinois & Io w a ___IT 295
ie1l
Depew. Directors (April, 1902): William K. Vanderbilt, Frederick W.
— it 245 Vanderbilt, Chauncey M. Depew, Samuel F. Barger, J. Pierpont Mor­
61 Cincinnati Northern
-IT
Boston
-IT 394 Detroit Tol. & M ilwaukee..it 133 gan, W illiam Rockefeller, H am ilton McK. Twomblv, William H. N ew­
_
91 man, Charles O. Clarke, D. O. Mills, William Bliss, Samuel D. B abcock
- IT 241 Dunkirk All. V. A Pitts_ it
-IT 160 Pitts. A Lake Erie svstem ..If 180 and George S. Bowdoin.—(V. 74, p., 937,1196, 1 3 5 3 ,1 3 5 5 .)
56
33 St. Lawrence & Adirondack^
N e w Y o r k : C h i c a g o Sc S t. L o u i s R R .—(See Map o f New York Cen■
Total owned and controlled Apr. 1 ,1 9 0 2 (319 miles 4-tracked) 11,064
Iral dt Hudson River.)—Owns from Buffalo, N. Y., to Illinois State Line,
The Beech Creek Extension RR., Keating to Karthaus, Pa., 60 miles, except 8 miles leased between Dunkirk and Silver Creek, leaving 494
to be com pleted in 1901-2), with trackage to Youngdale, 50 miles, is m iles; leases the proprietary line, Chicago & State Line R R ., 111., state
leased for 999 years. See V. 71, p. 1121; V. 72, p. 1035; V. 73, p. 790. Line to Grand Crossing, 10 m iles; also leases Dunkirk to 8ilver Creek,
S t o c k .—Dividends on stock registered in London are payable in gold 8 m iles; total, 512 m iles; trackage in Buffalo, N. Y., 1*2 miles, and
at 4 9 ^ to dollar. As to new issues in 1900 and 1902 see “ General Grand Crossing Chicago, 111. (Lake Shore R R .), 9 miles.
H isto ry .—“ Nickel Plate” road, foreclosed and reorganized in 1887.
Finances ” below.
D I V I D E N D S sin ce j ’9 1 .’9 2 .’ 9 3 .’ 9 4 .’ 9 5 .’ 96 9 8 .’9 9 .’00. ’01.
1902.
Stock .—Lake Shore & Michigan Southern owns $6,240,000 com m on
1890. P ercen t. (4 13 5% 5 5 41* 4 yrly. 4
5
5 Incl. July, 3% $6,275,000 2d preferred and $2,503,000 1st preferred stook.
Dividend rate increased from 4 to 5 p. c. per annum in Jan., 1900.
D iv id en d s .— ) ’91. ’92. ’93. ’94. ’ 95. ’ 96. ’97. ’98. ’ 99. ’«0. ’01. ’02
l s t p f . in Mar. ( 3 ^ % 3
3
4
0 5% 0 2% 0
5
5 5
B o n d s .—Description o f debentures was on page 3 o f Su p p l e m e n t
Div. on 2d pref., 2 p. c. in 1901; in 1902, Mar., 3 p. 0 .- V. 74, p. 151.
o f April, 1895. They are all secured b y the refunding m ortgage of
B onds.—A sinking fund of $100,000 per year is provided when net
1897 equally with the 3 ^ 8 . Ref. mortgage is fo r $100 ,0 0 0 ,0 0 0 , of
•which $70,377,333 reserved to retire all existing bonds at or before ma­ earnings are $900,000 or upwards, if bonds can be Dought at or below
turity and $14,6 2 2 ,6 6 7 for premiums; the remainder ($ 15,000,000) 102; if not, the sinking fund lapses for that year, thus leaving $100,000
is reserved for new construction after 1903. In 1901 3*28 o f 1897 more for dividends. The original issue of bonds was $20,000,000, ana
it has been reduoed to present amount b y the sinking fund purchases.
had been issued to retire about $ 3 2 ,0 0 0 ,0 0 0 of old bonds.
Collateral trust 3^8 o f 1898 are secured respectively b y deposit in Statement of road under m ortgage in Supplement o f Sept., 1894. See
trust with the Guaranty Trust Co., m ortgage trustee, o f stock o f the abstract of mortgage. V. 45, p. 541.
Lake Shore & Michigan Southern and Michigan Central RRs. at the
L atest E arnings .—For 3 months ending Mar. 3 1:
rate o f $100 of L. S. & M. S. stock fo r each $200 o f bonds and $100
3 mos.
Cross.
Net.
Olh.inc. Int., lax., etc. B al.,sur.
o f Mich. Cent, stock for each $115 o f bonds outstanding. The total
$313,985
$136,182
authorized issues of 3L?s are $100,000,000 for Lake Shore and $21,- 1 9 0 2 ,.............. $1,754,645 $444,387 $5,780
434,761 4,508
314,295
124,974
650,000 for Michigan Central. The loans are seoured by separate 1901................ 1,785,527
A nnual R epo rt .—R eport for 1901, V. 75, p. 133
Principally a
deeds of trust. See V. 66, p. 288, 336, 760, 811.
The N. Y. Cent, issued in 1900 $5,500,000 o f 100-year 3*s per freight line, freight in 1901 contributing $6,067,828 out of $7,485,484.
1899.
cent debentures for certain property not included in the Boston & A l­
Year ending Dec. 31—
1901.
1900.
1Q <
Q1
Gross earnings....................................$7,485,484 $7,023,359 $6,919,985
bany lease. See V. 69, p. 1102; V. 71, p. 502, 964.
1,300,206
G u a r a n t ie s .—The com pany guarantees the securities o f its leased Net earnings........................................ 2,273,853 1,729,681
11,351
32,291
26,721
lines to a considerable aggregate—see separate statement for eaoh com ­ Other incom e..... ......
Net, including other incom e_
_
$2,306,144 $1,756,402 $1,311,557
pany marked with a K in the table of mileage preceding. It also guar
Additions, bet’m’ts and renewals.
756,000
398,587
97,673
antees Western Transit Co. 4 ^ 8 for $1,000,000 due February, 1903.
777,000
777,000
777,000
G e n e r a l f in a n c e s .—The refunding o f the $70,377,000 of old high- Interest on b o n d s ..............................
154,217
104,092
interest-bearing bonds into the 3^8 o f 1897 during the years 1898 to Equipment trust charges..........
1905 w ill efteot a saving o f $1,200,000 per annum in interest oharges ; Dividend on 1st pref.*....................... (5)250,000 (5)250,000 (5)250,000
....... (3) 330,000 (2) 220,000
to June 30, 1901, $32,181,060 old bonds had thus been retired; Dividend on 2d p r e f.* ..
$6,723
$78,642
saving in oharges by refunding in 1900-01, $538,597.—V. 73, p. 790.
Balanoe, surplus.........................
38,927
In July, 1901, the com pany had aoquired $45,289,200 of the oapital
* N o t e .—Dividends from earnings o f year given are paid in Maroh
stock of the Lake Shore road in exohange for 3*2 p.o. bonds (see above), o f follow ing year. Pres., Wm. H. Canniff.—(V. 75, p. 1 3 3 .)
leaving $4,177,300 afloat, including $533,500 guaranteed 10 per cent
N e w Y o r k C o n n e c t in g R R — V. 72, p. 1280; V. 74, p. 830.
dividends (see V. 66, p. 288, 336,1238), and also $16,814,300 o f Mich.
Central stock, leaving $1,883,600 still outstanding.
N e w Y o r k Sc G r e e n w o o d L a k e R y — ( See Hap o f Erie RR.)—
In April, 1900, $15,000,000 stook was issued at par to provide new
rolling stook, and on Apr. 16,1902, the stockholders voted to inorease Owns from Jersey City, N. J., to Greenwood Lake, 41 miles, ana
the stockfrom $115,000,000 to $150,000,000, $17,250,000 of the new branches to Ringwood, eto., 8 m iles; Watchung Ry., Forest HU1 to
stock being offered to stockholders of record Mar. 31 until May 1, Orange, N. J., 4 m.; total owned, 53 m. Stock, $100,000; par, $50.
L e a s e . —On May 1,1896, was leased to the Erie RR. for 999 ye®1®from
Inclusive, pro rata at $126 per share. Payment for the new stock
must be made by May 12, the new stock to receive all dividends p a r ­ May 1,1896. Prior lien bonds are guaranteed, principal and interest,
able after Apr. 15. V. 74, p. 151. A portion of the prooeeds will by Erie. See V. 63, p. 513; form of guaranty V. 65, p. 463.
be used for the substitution o f electricity for steam on New York
N e w Y o r k Sc H a r l e m R R — Owns New York City to Chatham,
suburban division and the oonstruotion o f a loop under the Grand N. Y., 136 miles (four-traoked 7 miles north o f Harlem River). Aise
Central Station exclusively therefor.—(V. 74, p. 151, 776.)
owns Fourth Ave. St. RR.
From surplus for year ending June 30. 1901, $1,500,000 was appro­
L ease .—The property (except the horse railroad) was leased April 1,
priated as a special improvement fund in addition to $2,000,000 ap­
j.873, for 401 years, to the N. Y. Cent. A Hudson River RR. for interest
propriated in 1899-00. V. 72, p. 1188.
Average train load for entire system, including com pany’ s freight, on bonds and dividends at rate of 8 p. 0. yearly, since increased to iu
p. 0. through refunding of bonds. V. 70, p. 740, 1049, V. 71, p.
was 392 tons in 1900-01, against 361 tons in 1898-9.

lO I

MARIE

V A N D E R B I L T L I N E S between N E W Y O R K and C H I C A G O

T rou t L

TAW A

arletothTc
H aliburton
S h a rb o o L

W olverin e
[V anderbilt
A lp ena
SG ay lord

E ldorado

F re d eric p 0
iGray lin g
LUoscominorr

alton

G0E^SBUEG3‘

bckriHe

Orilli;
■ indsay
Southanm ti
AU andale

V ^ X B eaverT ake
C ad illac

Katlaud
y Beeto'

BONDS.

\ T^Alger
X5AN

R eed C ity
;ig Rapids*

Ge h
u lp
AlmarC
Gieenviiie

AND

H .\ lo n ia

o C a » nov
r 1*;

STOCKS
RAILROAD

T Iarristo n

•rtland /
rHO M El

Watkins
IA C E T
NHS I

K |

ILLSDALi

,Jamestown*
o LYSSESjZHTMii
cowanesQ ^
----- STOKE§DALE JC

Qled Wlls o
a t n e bit

.aver
cran io
Mono n

'c
Mansfield

PATTO N ’

D claw ari

Altoona

oshoc uv

M AP OF THE

July, 1 0 ]
92

mom
\Day
ashingtbn
oIuiiiIhim

^Sardinia
George to^
New Alban;

lays vi lie

unoul

NEW YORK CENTRAL & HUDSON RIVER R. R
LAKE SHORE & MICHIGAN SOUTHERN R’ Y
NEW YORK, CHICAGO & ST. LOUIS R. R.
MICHIGAN CENTRAL RAILROAD.

r n A R JH S & t! RG
* PH l

hi a

ANNAl

LD
A
\\

103

INVESTOR’S

SUPPLEMENT.

[Y ol. LXXY.

Bonds—
Princi­
INTEREST OR DIVIDENDS.
Miles Date Size, or
Amount
pal,When Due.
of
of
Par
Outstanding Rate per When Where Payable, and by Stocks—Last
For explanation of column headings, A c., see notes
Road. Bonds Value.
Whom.
Dividend.
on first page o f tables.
Cent. Payable
$
RAILROADS.

N ew F o r k N ew H a v en & H a r t .—Stock. See text
1st mortgage (for $5,000,000)................................r
Debentures, exchangeable for stoek 1903........ c*
Dehen. ($5,000,000 each), cur., non-con vert., c&r
N. Y. Prov. & Bos., gen. M. (now ls t),g .,a s s ’ dc&r
Shore Line 1st M., N. H av. toN . London, assumed
H ousatouic old consolidated mort. (assumed)...
New consol. M. ($3,000,000) g. (assum ed). F .c*
New Haven Steamb. M., g., ass’ d, call aft. 1904..
B onds o f P r o p r ie t a r y , e t c ., L i n e s ;

$100 $54,685,400 8 In 1901
123 1883 l.OOOAe
2,000,000
4
___ 1893 100 Ac. 16,397,200
4
___ ’ 97-’01
10,000,000 3 ^ A 4 g.
62 1892
1,000
1,000,000
4 g.
49 1880 1,000Ac
200,000
4Lj
4
90 1880 500 Ac.
100,000
90 1887
1,000
2,839,000
5 g.
___ 1899 500 Ac.
225,000
5 g.

51
Bos. A N.Y. Air L. 1st M., N. H. to W illiman., Ct.c*
3i«
Colchester RR. 1st mortgage .................................
36
Danbury A Norwalk con.“ Ml ($100,000 are 6s) .c*
Genl. M.,Danbury,Conn.,to Wilson Point, Ac.e*
36
12
Harlem R. A Porto. 1st M. gu. ($1,000,000 6s).F . c&r
12
2d mortgage, guar. (See V. 5 6 ,p. 8 1 3 ).F . c&r
Naugatuck IstM ., Nauga. Juno, to Winsted, Ct.r
55
13
New H aven A Derby, consol, mort. (Nov. lst)..c*
N .H .AN o., eon. s. f. $15,000 p. yr.,n otd rn .U n .c*
98
Northern Extension bonds........ ...................... o*
28
Deb’tures ext. in ’96, non-eonv.,V. 62, p. 548.0*
H olyoke A W., leased, mtge. $200,000, guar..o*
10
New England and Old Colony—See those cos.
Providence A W orcester 1st mortgage, eurrenoy
51
Nantasket Beach, 1st mort., extended in 1901...
7
N.T.O.d W —Ref. (1st) M. $20,000,000, g..IHe.o*<fcr Text.
Gold notes, sec. b y 1st M. on Scranton Ooal C o.. __
D o g., see. by 1st. M. on E lkH . C. A I.,d u e s-a.o* ___
Equipm ’t trusts, i i 0 payable semi-annually. M a
If. P. < Ottawa BE.—R eceivers’ certif., $585,000.. 128
&
IstM ., $3,500,006...................................M o.x ,o* A r
128
2d M. Incom es (cum. after July 1 ,1 9 0 0 ), g .M o .r . . . .

1880
1,000
1877
1,000
1880
100
1883
1873
1,000
1.000
1881
1883 1,000Ac
1,000
1888
1879
1,000
1,000
1881
1886
1,000
1891
1,000

500,000
25,000
500,000
150,000
2,000,000
1,000,000
150,000
575,000
1,200,000
700,000
700,000
200,000

1897
1,000
1,500,000
1880
250.000
1892 1,000&C 16,937,000
1899
1,000
2,250,000
1900
1,000
3,275,000
1901
1,000
456,000
1900
436,500
1897 i,ooo&
o 1,728,000
1,000
632,000
1897

1220. The street railway was leased in July, 1896, to Metropolitan
Street By. Co. for 999 years at $350,000 yearly (S1 p. o. on stook) for
^
5 years and $400,000 (4 p. e.) thereafter. V. 62, p. 1088.
REGULAR ANNUAL DIVIDENDS 1901.
Guaranteed hy N. Y. Central.................................10% (Jan. 5%, July 5%)
From Metropolitan Street By. rental...
31
s% (April 13t%, Oct. 1%%)
E xtra as int. on investments (V. 67, p. 1 78 ).. ^ % (April > %, Oct. * %)
2
4
4
A lso in Oct., 1899, a surplus distribution of 25 p. o.—(V. 74, p. 1252.)
N e w Y o r k & J e r s e y K B . —Owns two partially constructed tun­
nels under the Hudson River, between New Y ork City (Manhattan
Borough) and Jersey City, about 4,000 feet o f the north tunnel having
been completed and 1,580 remaining to be built; o f the south tunnel
600 feet has been constructed. Terminals in Mew Y ork w ill be in the
neighborhood of Christopher and Hudson streets. To be operated by
electricity. The North Jersey and Jersey City Hoboken A Paterson
Street Bys. will use the tunnel when completed. In April. ln o 2 , pre­
lim inary construction work was begun; in J uiy, 1902, the N. Y. Bapid
Transit Commissioners granted a perpetual franchise, the rental
charges to be readjusted every 25 years. See V. 75, p. 77.
Incorporated in New Y ork on Feb. 11,1902, as successor o f the Hud­
son Tunnel Ry., sold in foreclosure per plan Y 73, p. 1313 (see also V.
70, p. 996 and 1149).—V. 74, p. 380. Stock, all issued, $8,500,000, of
which $3,500,000 is 6 per cent non-cumulative preferred; par of
shares, $100. Of the $7,000,000 bonds, $2,500,000 are reserved for the
construction of the south tunnel. V. 74, p. 380, 577.
Officers .—President, Wm. G. McAdoo; Vice-Presidents, W alter G.
Oakman and Edmund C. Converse; Secretary, Chas. W. King; Treas­
urer, H enry A. Murray; directors, V. 74, p. 577. Office, 15 W all Street,
New Y ork.—V. 74, p. 380, 577, 884, 988; V. 75, p. 77.
N e w Y o r k L a c k a w a n n a Sc W e s t e r n B y . —Binghamton to B uf­
falo and IntematT Bridge and branches, 214 miles, of which the main
line, 213 miles, is double track; Delaware L. & W. has a lease for dura­
tion o f charter from October, 1882, giving a guaranty o f the bonds ant)
5 per cent yearly on the stock, bonds and stock being endorsed. See form
o f guaranty o f terminal bonds in V. 67, p. 1357; see also V. 68, p. 283.
N e w Y o r k L a k e E r i e & W e s t e r n K B . —See E r ie RE. Co.
N e w Y o r k N e w H a v e n Sc H a r t f o r d K K . —Covers Southern
New England and the only direct routes between New Y ork and Boston.
Leased (part Owned.)
Miles.
L ines Owned in Fee—
Miles. New Eng. RR. (which see)........ 536
Junction near N. Y. City to
Old Colony RB. (which s e e )..616
Springfield, Mass.....................122 Litchfield, Conn., to Bethel___ 38
Lines to Providence, Pittsfield,
Lines Leased—
Litchfield, etc.......................... .316 Providence & W orcester......... 48
Leased and Controlled—
Other lin e s .................................. 20
Lines to Turner’ s Falls, etc___268 Trackage to N. Y . City, e tc___ 30
Other lin es................................... 43
Total oper. July, 1901(87 miles has fou r and 667 tw o tr a c k s )..2,037
Controls Fall Biver, PrOv. & Stonington, New Haven, New London
•nd Norwioh SS. lin e s —V. 70, p. 842; V. 71, p. 643; Y. 73, p. 721.
H isto r y .—A consolidation in 1872 of the New York & New Haven
and the H artford & New Haven. In years 1892 and 1893 acquired
control of several companies whose bonds are given in table above.
The Housatonio, Shore Line, N. Y. Prov. & Boston and the Shepaug
Litchfield & Northern have been absorbed b y consolidation. , V. 69,
p. 742. See also Old Colony. Four-tracking, etc.,at Bridgeport, Conn.,
to cost perhaps $3,000,000, progressing in 1 9 0 1 .- V.69, p. 955; V. 71,
p. 644; V. 73, p. 138. In 1895 acquired control o f New England BB.
Electric Railways.—Controls Stamford St. B y., Meriden E lectn o By.,
electric railway between Hartford and New Britain, 10 m., 14 miles
between Providence and Bristol, eto.—V. 67, p. 732; V. 69, p. 742;
V. 71, p. 644; V. 72. p. 137Ca p it a l St o c k .—Stock authorized, $100,000,000. It may be issued
f o r improvements, buying stocks and bonds o f leased roads, Ao.;
$16,397,200 will be needed to take up the convertible debentures in
1903. (V. 56, p. 289, 373, 579.)
D iv id e n d s .— ) 1873-1893.
1894.
1895 to June,i’02, (lncl.)
Per cent. S 10 yearly.
9
8 (2 per cent quar.)
B o n d s .—The convertible debentures o f 1893 for $16,397,200 are e x ­
changeable at option o f holder “ on April 1,19 03 , or within 60 days
thereafter, and no longer,” for com pany’ s stock at par. If not then
exchanged they will be paid in cash April 1,1908. See V. 55, p. 1035,
and description page 4 S up . o f April, 1895. Under the lease New
Haven road “ assumed” the debt o f Old Colony. In Mar., 1901, $10,000,000 non-convertible debentures w eie authorized, $5,000,000 of
which were sold, the proceeds to be used in part for improvements
at Bridgeport, Conn.—V. 72, p. 627; V. 73, p. 721.
L e a s e d L in e St o c k s .—The stocks o f the leased lines unexchanged
on June 30,1901, or later, and the dividends payable thereon are shown
below, the shares being all $100 each excepting Danbury A Norwalk,
which are $50 eaoh. The leases are for 99 years.
Stocks—
Totai. issue.
Unexch. Divid’d. Period.
Berkshire....................................... $600,000 $599,000
6 p. o. Q.—J.
B. A N. Y. Air Line p ref............2,998,500 1,396,000
4 p. c. A. A O.
do
do
com m on.. 898,500
154,700 Pays no divid’d.
Danbury & Norwalk.................. 600,000
152,925
5 p. o. J. A J.
N augatuck...................................2,000,000 1.006,400 10 p. o. J. A J.
N. H. & D erby............................ 447,000
21,600
4
J. & J.

5
7
5A 6
5
6A7
4
4
5
6
5
5
4
4
2*2
4 g.
5 g5 g.
41
ag.
6
4 g.
6

Q.—M jo
J. A D.
A. A O.
M. A S.
A. A O.
M. A 8.
A. A 0.
M. A N.
A. A] O.
F.
J.
J.
A.
A.
J.
J.
M.
A.
A.
J.
A.

A
&
A
A
A
A
A
A
A
A
A
A

New Haven, Co.’ s Office.
N. Y., Chem’al Nat. Bk.
N. Y., Lincoln Nat. Bk.
New York.
do
N. H., Nat. N. H. Bank.
New Haven, Conn.
N. Y ., Farm. L. A Tr. Co.
N. Y., Lincoln Nat. Bk.

A. N.Y., Lincoln Nat. Bank
New Haven ,Conn.
J.
J.
do
’ do
do
do
O.
O. N. Y ., Chem’ al Nat. Bk.
do
do
D.
D. New Haven, Ct., Treas.
New Haven, Conn.
N.
do
do
O.
do
do
O.
do
do
J.
do
do
O.

A. A O. Prov.,R. I. Hosp. AT.Co
A. A O. Trea8.,01d Col., Boston.
M. A 8. N. Y. Office, 56 Beaver.
.
N. Y .,N . Y. Sec.&Tr. Co.
J. A D. N. Y ., M orton Trust Co.
M. A S. N. Y ., Manhat. Tr. Co.
J. A J. Of. reo.,27 Pine St.,N.Y.
M. A N. N ov.,’98,coup.last paid.

J’ne 30, ’02, 2
June 1, 1903
See text.
Men. 1, 1947
Apr. 1, 1942
Mch. 1, 1910
Apr. 1, 1910
Nov. 1, 1937
June 1, 1919
Ang.
July
July
Apr.
Oct.
June
June
May
Apr.
Apr.
July
Apr.

1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,

1905
1907
1920
1925
1903
1911
1913
1918
1909
1911
1904
1911

Oot. 1, 1947
V. 72, p. 675
June 1. 1992
A ug.’02 Feb.’l l
D ec.’02 J’ne’15
To Mch., 1906
By July, 1903
Nov. 1, 1917
July 1, 1912

Stocks—
Total issue.
Unexch. Divid’d. Period.
New England, com m on ....$20,000,000
$52,500 Pays no divid’d.
do
do
preferred.........5,000,000
74,100 3 p o. Oot.31,&o
A. A O .
None.
4
N. H. & Northampton,............. 2,460,000
Old C olony................................ 16,608,900 11,089,900 7
Q.—J.
Pawtuxet Valley (par, $ C l))... 100,900
100,900 7 p. o. J. & J.
Q .- J .
Stookbridge A Pittsfield.......... 448,700
437,700 6
E a r n in g s . —F or 9 mos. ending Mar. 31;
9 mos.
Cross.
Ret.
Oth. inc. Int.,tax.,<f;c. Bal.. sur.
1901-02 ..$31,954,007 $9,826,290 $577,770 $6,127,436 $4,276,524
1900-01.. 29,532,311
9,076,468
338,228
6,010,054
3,404,642
A nnua C R e p o r t .— Annual meeting is held third Wednesday in Oct.
Report for 1900-1901 was in V. 73, p. 721.
Tr. end. June 30.
1901.
1900.
1899.
1898.
Miles operated..
2,038
2,038
2,047
1,464
Passengerearns.$19,853,093 $19,764,755 $18,384,831 $15,901,669
~ ' ‘ ' ea rn s... 19,864,701
20,164,753
18,381,849
14,081,857
Freight
414,517
395,643
377,237
339,212
M iscellaneous...
Gross earnings..$40,132,311 $40,325,151 $37,143,917 $30,322,738
Net e a rn in g s....$12,083,332 $12,100,311 $11,562,661
$9,431,052
Other in c o m e ....
562,560
546,121
623,423
601,068
Tot.netincom e$12,646,391 $12,646,432 $12,186,084 $10,032,120
Int. on b o n d s ... $1,166,967
$1,062,435
$1,100,119
$1,024,138
Other in terest...
1,858
521
10,953
28,995
Rentals............... 4,451,634
4,476,258
4,537,875
3,370,477
Taxes................... 2,367,636
2,484,605
2,171,167
1,688,871
Dividends..........(8)4,294,738 (8)4,231,278 (8)4,158,688 (8)3,809,816
Balance..............sur.$363,548 sur.$391,335 sur.$207,282 sur.$109,823
O f f ic e r s .— President, John M. Hall, New Haven; Secretary, W. D.
Bishop Jr.; Treasurer, Wm. L. Squire, New Haven, Conn.
Directors.—L. Brainard, H artford, Conn.; W . D. Bishop, Bridgeport., Conn,;
Carlos French, Seymour, C onn; J. Pierpont Morgan, William .R ock efeller,
Cbauncey M. Depetr, George McC. Miller, New York; Joseph Park, Rye; H enry
8. Lee, Springfield, Mass.; Charles F. Choate and Nathaniel Thayer, Boston;
Royal C. Taft, Providence; C. F. Brooker, An sonia, Conn.; I. De V. W arner.
Bridgeport, Conn.; J. M. Hall, Arthur I > Osborne, Geo. J. Brush. New Haven;
.
Frank W. Cheney. South Manchester; Edwin Milner. M oosup, Coun.

—(V.73, p. 612, 6 1 6 ,7 2 1 ,1 0 6 2 ; V. 74, p. 380,1038,1196, 1252.)
N e w Y o r k Sc L o n g B r a n e k K K . —Perth A m boy to Bay Head, N.J.
38 miles. Leased in 1888 for 99 years to Penn. RR. and Cent. RR. o f
N. J., which join tly and severally guarantee interest and 7 per cent on
$2,000,000 stoek, all owned hy Cen. RR. of N. J.—V. 72, p. 438.
N e w Y o r k O n t a r i o «k W e s t e r n B y . — (.See M ap.;—Operates
from Weehawken, opposite N. Y . City, Jo Oswego, on Lake Ontario:
Road Controlled, die.
Miles.
Road Owned—
Miles.
Oswego to Cornwall, N .Y ......... 272 Pecksport Conn, (all ow ned).. 4
Branch to New B erlin.............. 22 Ontario Carb, A S. (all owned.)
Cadosia.N.Y., to Scranton,Pa. 54
do
to Delhi......................... 17
do
to EUenvH le...............
8 Rom e A Clinton (leased)........ 1T13
Utica Clinton A Bing, (leased). 1131
7
Total o w n e d ............................ 319 Wharton V alley (owned)..........
IT See tlds Co.
----Trackage (till 2079) W. snore RR.:
cage (tut z u /y ) w. Shore k b .:
Total operated July 1,1901.-481
C’nwa! toW ’h’ken(V.61,p.425) 53
all
In 1899 acquired nearly all the bonds and about three-quarters of
the stock o f the Port Jervis M ontlcello A New York RR. (whioh see);
which with an extension of the Ellenville branch, 27 miles, will con­
nect Port Jervis and Kingston. V. 71, p. 556; V. 73, p. 501.
O r g a n i z a t i o n .— The New York A Osweg* Midland was sold In fore­
closure Nov. 1 4,1 87 9 , and this com pany organized.
St o c k .—Stock is $58,118,982, (par, $100), o f whioh $5,000 is old pref.
V o tin g T r u s t .—The preferred was originally $2,000,000, but all ex­
cept $5,000 has been exchanged for bonds under act o f June 8,1885.
The exchanged preferred stock is held alive under a voting trust and
elects eight o f the thirteen directors under a provision of the “ Articles
of Association,” until a dividend shall have been earned and paid upon
the common stock. The voting trustees elect directors In the Interest
of the com mon stock. 8ee V. 61, p. 425, 426, and editorial, V. 65, p. 495.
B o n d s , E tc .—R efunding mortgage for $20,000,000 covers 319 miles
of road owned, all the securities of the Ontario Carb. A Scranton Ry.,
54 miles, and all other property hereafter aequired. The balanoe
unissued is available for additions, improvements, etc.—V. 72, p. 87.
G e n e r a l F in a n c es .—In Anr., 1902, President Fowler suggested ap­
plying surplus earnings for three or four years to cost (about $1,500,000) of double tracking 107 miles of mam line.—V. 74, p. 830
Early in the calendar year 1899 the coal properties at ScraDton,
Pa., o f the Lack. Iron A Steel Co., (the capacity o f the collieries
then open being about 700,000 tons per annum) were purchased hy
the Scranton Coal Co., aided by loans from the N. Y O. & W., the latter
issuing its $2,500,000 5 p. o. notes (reduced to $2,250,000 on Feb. 1,
1902), extending over a period o f years secured by first mortgage on
the ooal property, and loaning $1,475,000 (of which $305,000 has
been repaid) secured hy a second mortgage thereon, the O. A W . ob­
taining a contract for the entire tonnage. V. 68, p. 41, 429. The
ooal companies are expected ultimately to take care o f all the obliga­
tions created.—V. 69, p. 604, 646.
In November, 1900, eight independent anthracite properties with a
maximum output of 2,000,000 tons annually were merged as the Elk
H ill Coal A Iron Co., the N. Y. O. A W. issuing its $3,500,000 5 per
cent sinking fund first lien gold notes secured by the Coal & Iron Com­
pany’ s first mortgage, these notes maturing $75,000 each 6 mos., begin-

ASKI

103

B oon v llle

Sterling

'" n ..
Vk

RAILWAY A CORRECTIONS.
HUD ,

Fishers

MICH

Shorts V

Cayuga

a

trunk

Avon
Lancaster

n

Ganandaiguajjjj

BONDS.

JamisOnt

STOCKS AND

Aubu:

Rfppletoiv

S ch en ecta

Geneva

\Canandaigua

Attica

[tanley

TROY

• Buy ter
e
Cq,yuga\L,

Penn Yan

Smyrna

£ P

Gaines V,
Springwater
Sardinia

Dana V,

N orw ich

Liberty

Swains

> O

Galena

Cortland

'finecq.

Crooked L,

Nunda

Dayton

Norton

(obees

Benton C
LTVTorris

arsawi

Spring ville

Ammondsi

Hartford

Ithaca

O xford,

1 * 3 * '

J u n ctio n

Burns
Machias

Cherry
Creek

Ashford
Elliotts V. /

May villi

»Horn ells V,

'C h en a n g o

Cuba

Little V.

Forks

Spencer V Salamanca
Jamestown

O v je g o e

Andover

^\rt\»ra

T)lean *\ / Bolivar U
V\
i/L ittle Genesei

Carrollton

Southporj
Elk land

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Bradford

KAILKOAD

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C

N I A G A R A FA LL:

L a w ren ce V.

Athens

Great Bcnll
Susquehanna

Westfield,
Montrose

Port Alleghany

POUGHKEEPSIE
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®OTTAWA

Bay C i t y ^ ^

Hawley

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, W.

A

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Sandusky C levelan d
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Wllllamepor
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Fostoria
Mansfield
Delaware °

©IN D IA N APO LIS

COLUM BUS

Cincinnati

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Oakland

v
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PORTJ£ RVn

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p /r r *

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Syracuse

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Gilmar.? r
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Presoot lo

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1
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New
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Towanda

Sudbury Jo.o

Sault Stc^faric

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July, 1 0 .J
92

NEW YORK,
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NEW BERLIN J C .T *
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Andover

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C.Y— VTT
C

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104

INVESTORS’

SUPPLEMENT

[V o l . LXXV.

Rone!*—P rin ci­
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal,When Dne.
Amount
of
Par Outstanding Rate per When Where payable, and by Stocks—Last
of
For explanation o f column headings, &o., see notes
Road. Bonds Value
Cent. Payable
Whom.
on first page o f table.
Dividend.
RAILROADS.

N. Y. Phila. A Norfolk—Stock, $2,000,000.................
1st M., $3,000,000, g o l d ..F P ...............................o*
Incom e m ort., g., non-com ., reg,($1,000,000) F P
If. Y. A Putnam.—N.Y. & No., 1st mortgage, gold.c
N. Y. &P. con., $6,200,000, g., gu. p.&i. ena.YTn.c*
If. Y. A Rock. £ ’h.—1st M., $1,000,000, g., gu.Oe.c*
Incom e bonds, non-cum ulafive.Ce........................r
If. Y. Susq. A Western— Midland RR. ls tM .,g .C e .o ‘
Paterson Exten. RR. 1st M., real estate, s. f., g.c*
N. Y. Susquehanna & Western, 1st m ortgage......
1st mortgage, refunding, g o ld .C e ....................c*
2d mort. ($1,000,000 gold) 3d M. on 73 m.Ce.C*
General mortgage for $3,000,000, gold___ Ce.tr
Collateral trust bonds, subject to call, our.Co.
Terminal 1st mort. for $2,000,000, gold. .Us.c*&r
Oar trusts......................................................................
Allied companies—
Wilkesb. & East’n, 1st M., gold, guar. p. & i .^ . .c*
Susq. Connect. RR. 1st M. g.,red. at 105, g u .M p c
M iddletown Un < W. G.—See that company.
fe
Passaic & N. Y ., 1st m ort., (999 years, ren ta l)...
M acopin RR., 1st m ort. (br’ch to M acopin Lake)
N. Y . 8. & W. Coal Co., 1st M. (1,050 acres, 8.f.).e'
N. Y. & Wilkesbarre Coal Co. 1st m ortga ge.. -C o
N.Y. Tex. AMex.—1st. M .,g.,$or *,g u .b y S o.P a o.F o'
If or folk A Carolina - See A tlantic C oast L ine RR
fforfolk A Southern—Capital stock............................
1st mortgage, $10,000 per mile, gold. A ..............o*
N orfolk & W est. R y .—Com. stock, $66,000,000. A..
Adjustm ent pref. 4 p. c. non.cum. $23,000,000. A
a There are also $53,000 not guaranteed.

il2
112
57
57
12
12
72
1
134
134
134

$50 $1,714,375
1899
1,000
2,600,000
1899
1,000
1,000,000
1,000
1887
1,200,000
1894
1,000
4,025,000
1887
1,000
984,000
1887
1,000
1,000,000
1880 500 &c.
31500,000
1,000
1881
250,000
5,000
1,000
1887
3,745,000
1,000
453,000
1887
1890
1,000
2,547,000
1,000
1895
273,000
1893 l,000<fec
2,000,000
56,691

4
4
5
4
5

See text
g. J. & J.
M. & N.
fc
g. A. < O.
g. A. & O.
M. & 8.
g.

6 g.
6 g.
6 g.
5 & 6 g.
41
ag.
5 g.
6
5 g.
5

Checks mailed.
Phila., 26 So. 15th St.
Checks mailed(see text)
New Y ork City.
N.Y., Gr Cent. Station.
N. Y .,U . 8. M. & Tr. Co.

June 1 ,’02,2Lj
Jan. 1, 1939
Jan. 1, 1939
Oct. 1, 1927
Oot. 1, 1993
Sept. 1, 1927

A. & O. N. Y .,O f .21 Cortlandt St. Apr. 1, 1910
do
J. & D.
do
June 1, 1910
J.
A.
A.
N.
N.

do
do
do
do
do
do

do
do
do
do
do
do

Jan.
Feb.
Aug.
May
May

5 g. J. & D.
6 g. M. & S.

do
do

do
do

June 1, 1942
Mch. 1, 1907

J.
F.
F.
M.
M.

&
&
&
&
&

65
10

1892
1897

1,000
1,000

3,000,000
300,000

3
2

500
1,000

91

1885
1896
1887
1893
1882

500
£ &$

70,000
44,000
426,000
450,000
a l , 465,000

144
144

1891

....

....

100
1,000
100
100

2,000,000 5 in 1901 Q .-J . N. Y., Atlantio Tr. Co.
do
1,350,000
do
5 g. M & N.
64,469,200 2 in 1901 J. & D. Office, Philadelphia.
do
do
22,745,500 4 in 1901 F. & A.

6
5
6
6
4 g.

J.
J.
M.
M.
A.

&
&
&
&
&

D
do
do
D.
do
do
8.
do
do
N.
do
do
O. N.Y..S.Pac.Co.; London.

Deo.
Dec.
Mch.
Nov.
Apr.

li
1.
1,
1,
1,

1,
1,
1,
1,
1,

1937
1937
1940
1905
1943

1910
1916
191*
1933
1912

July 10,’02,1%
May 1, 194,1
June 20. ’02, 1
Feb.21,’02,2%

the Erie R R ., w hich operates the line as an independent outlet to New
York. See Y. 66, p. 53, 83 and 759.
Stock .—Pref., $13,000,000; com ., $13,000,000, o f which the Erie
owned June 30,1901, $12,378,900 com mon and $12,892,400 preferred,
o f which $6,630,000 common and $6,630,000 preferred are deposited
under its Pennsylvania collateral trust mortgage.
D i v i d e n d s .— > N ov., 1 8 9 1 , to 1 8 9 3 .
None
On pref., p. ct. 5
2*a yearly.
since.
B o nds .— General mortgage 5s, bonds are reserved to retire the
second m ortgage 4^8. See m ortgage abstract, V. 52, p. 84. The
seconds are exchangeable for generals on payment o f an assessment.
As to terminal bonds listed in Sept., 1893, see S u p ple m e n t of Jan.,
1898, and abstract of mort. Y. 57, p. 512. The Wilkesbarre A Eastern
1st 5s are unconditionally guaranteed.—V. 60, p. 481.
Susquehanna Connecting 6s are called, $25,000 each M&S.
The New Jersey Midland junior securities are exchangeable into
stock on certain terms, and have m ostly been so exchanged.
E a r n i n g s .—11 mos., > 1 9 0 1 -2 ....G ro ss , $ 2 ,4 7 4 ,2 6 7 ; net, $ 1 ,1 1 5 ,6 7 4
July 1 to May 3 1 .
s 1 9 0 0 -1 ...... Gross 2 ,2 9 1 ,5 9 0 ; net,
9 6 8 ,0 4 9
R e p o r t .—R eport for 1900-01 in V .7 3, p. 441, showed on 238 miles.
Year.
Cross.
Net.
Oth. Inc. Charges. Bal. Sur.
$1,370,054
1900-01...........$2,504,887 $1,047,249 $29,570 $930,238 $146,581
$1,548,566
Balance, net earnings___$1,545,747
$1,543,973 1899-00.......... 2,582,116 1,115,350
25,890
936,168
205,072
$1,822,258
Tot. net income, incl. “ other.” $1,962,991
625,207 - ( V . 71, p. 236, 698, 751, 8 0 8 , 1013; V. 72, p. 936; V. 73, p. 4 4 1 .)
617,480
In terest on mortgage bonds..
654,133
46,319
153,471
Miscell. interest and discount
232,092
N e w t o r k T e x a s Ac M e x i c a n R y .—(See Map o f Southern
186,081
192,282
Rentals p a id .............................
197,533
Pacific.)—Owns from Rosenberg to Victoria, Texas, 91 miles; branch
Balance, surplus.................... . $879,233
$859,024
$686,366 from W harton, Tex., to Van Vleck, 31 miles, opened Sept. 29,1 90 0 ,
and in Apr., 1902, proposed to be extended from Van V leck southeast­
Pres.,Thos P. Fow ler.—(V 73,|p. 1062; Y. 74, p. 427, 830, 1039.)
erly 20 miles. Stock. $630,040, of which Soutuern Pacific Company
owns $615,000. There are also $53,000 old sixes outstanding, and 30N e w Y o r k Ac O t t a w a R R . - Tupper Lake. N. Y ..to Ottawa, Can.,
128 miles. Stock, $2,540,000. In A pr., 1900, H enry W. Gays was year Matagorda division bonds issued at $15,000 per mile, due Jan. 1,
appointed receiver. V. 70, p.'842. In July, 1900, $436,500 receiver’ s 1931, int. J.&J., on the branoh from W harton to Van Vleck, 31 miles.
Operated by South. Pac. Co., which guarantees the 4s.
certiUcates were authorized, of which $400,000 were issued. V. 71, p.
135. Year ending June 30, 1901, gross, $93,877. Coupons o f May.
E a r n in g s .—11 months, >1901-2........ Gross, $343,838; net, $129,827
1899, and since in default. In July, 1902, no reorganization plan had
July 1 to May 31.
5 1900-1........Gross, 269,857; net,
81,491
yet been issued.—(V.71,p. 646.)
In year ending June 30,1901, gross, $288,623; net, $82,320; bal., def.
N e w Y o r k & P e n n s y l v a n i a R R . - Shingle House, Pa., to Can- under charges, $70,384. Due So. Paoiflo Co. June 30,1901, $681,416.
isteo, N. Y ., 52 miles. Sold In foreclosure on May 24,1902, lo F. A.
N o r f o l k Ac S o u t i l e r n R R . —Owns Norfolk, Va., to Edenton, N.
& H oward Cobb. V 74, p. 1139. For year 1900-01, gross, $85,162;
deficit under oper., $7,772 ; charges, $29,953 ; balance, def., $37,725. 74 miles; (ferry aoross Albemarle Sound to M ackey’s Ferry, 9 m iles;)
Cause of small earnings was stated to be extensive repairs, eto.—(V. thence road to Belle Haven, 30 m iles; Norfolk to Virginia Beaoh, 18
m.; Kempsville to Munden’s Point, 22 m.; total main line, 144 miles.
74, p. 1139.)
In Apr., 1902, branch was proposed to Cape Henry, 7 miles.
N e w Y o r k P e n n s y l v a n i a & O h i o R R . - See E r i e RR.
On Nov. 1, 1899, the Norfolk Virginia Beaoh & 8outhem RR., 40
N e w Y o r k P h i l a d e l p h i a & N o r f o l k R R . —Delmar, Del., to miles, included above, was purchased. - ( V . 70, p. 76, 381, 532, 1195.)
D iv id e n d s .—July, 1892, to July, 1902, incl., at 4 p. o. per annum,
Cape Charles, Va., 95 m., and King’s Creek, Md., to Crisfleld, 17 miles.
Reorganized in 1898-99 without foreclosure, per plan in Y. 66, p. 760. and in July, 1901,1 p. o. extra was also paid. —(V. 74, p. 206.)
R e p o r t .—
Cross.
Net.
Other Inc. Charges. Sur. tor div.
S e c u r it ie s .—Stock, $2,000,000; issued, $1,714,375; par, $50; repre­
$163,787 $14,506
$68,240 $110,053
sented by negotiable trust certificates issued by Fidelity Insurance 1900-1.............. $697,100
200,412
9 ,5 17
69,650
140,279
Trust & Safe Deposit Co. o f Phila. Of the $3,000,000 1st 4s, $400,- 1899-0............... 629,488
Dividends paid in 1900-1 (5 per cent), $100,000; in 1899-0 (4 p. o.),
000 are reserved for im provem ents.—V. 68, p. 773, 978. As to in­
com es, see V. 68, p. 978. Interest on incom es, 2 n. c., semi-annually $ 8 0 ,0 0 0 .-(V. 72, p. 1238; V. 74, p. 830.)
paid Nov. 1, 1899, to May, 1902, both inclusive. First div. on stock,
N o r f o l k Ac W e s t e r n R y . — See Mop.—System extends from Nor­
2 p. o., paid Jan. 3, 1901; June, 2 p. c.; Dec., 2 p. c.; 1902, June, 2!g%. folk, Va., westward to Columbus, Ohio, and northward to Hagerstown,
E ar n in g s .—Year ending June 30, 1901, gross, $1,251,773; net> Md., with branches to the various coal fields in Virginia and West Va.
Miles.
Road owned.
Miles.
$436,146; other income, $3,120; charges, $270,895; div. (4 p. c.), $68,"
Norfolk, Virginia, to Colum­
Sundry branches.................... 129
575; bal., sur., $99,796. (V. 72, p. 45; Y. 74, p. 380; 988.)
bus, O ........................................ 708
N e w Y o r k Ac P u t n a m R R . —Owns 155th Street and 8th Ave.,
Total owned J u n e 3 0 ,1901.1,563
N . Y. City (terminus Manhattan E levated), to Brewsters, N. Y., 54 miles; Radford, Va., to Bristol, T enn.107
4
double-track branoh to Yonkers, 3 m.; operates 4 m.: total, 61 miles. Roanoke, Va., to H agerstow n.238 Columbus Conn.A Term. RR.
H is t o r y .—Successor to the N. Y. & Northern, sold under foreclosure Graham to N orton.....................100
T otal...................................... 1,567
o f 2d mort. Deo. 28,1893, and purchased for N. Y. Central & Hudson Nor. Car. Juno, to Iron Ridge. 45
83
R iver RR.. whioh operates it under lease—see V. 63, p. 754, 820,1159. Lynchburg to Durham, N. C... 115 Double traok............................
Cin, Ports. & Va. (see below) 130
Roanoke to Winston............... 121
Decision, V. 74, p. 380. Capital stock is $6,500,000; par, $100.
O r g a n iza tio n —This Railway com pany in 1896 succeeded to the
B o n d s .—The New Y ork Central guarantees the new consolidated
mort. bonds, o f which $1,000,000 were reserved for improvements; also property and franchise o f the N orfolk & Western RR., etc., foreclosed
per p la n , was in V. 62, p. 641. The old stock paid an assessment
$1,200,000 to retire at maturity the first 5s.—(V. 74, p. 380.)
of $12 50 per share, oommon receiving 75 p. o. and the old pref. 1121
*
N e w Y o r k A R o c k a w a y R e a c h R y (See Map Long Island RR.) p. c. in new common. In 1900-01 the Penn. RR., together with con­
—Owns from Glendale Junction to Rockaway Park, with branch, 12 trolled companies, acquired control through purchase of over $32,000,miles, of which 10-31 miles double track, mostly 80-lb. steel; leases, 000 o f the stock. See V. 74, p. 503; alsov. 70, p. 687, 1150, 1195; V.
1*90 miles; total, 13-90 miles: traokage to Long Island City, Brook­ 7 1 ,)' 809; V. 72, p. 184, 480; V.73, p.957. The Cincinnati Portsmouth
lyn, Far Rookaway, etc., 18 miles. Stock, $1,000,000; par, $100. Con­ & Virginia, Sciotoville to Oincinnari, 130 miles (including 4 m. track­
trolled by Long Island Railroad Company, whose endorsement is age) was merged July 1, 1901. (V. 72, p. 137, 438. 532; V. 72, p. 503.)
printed on first m ortgage bonds, of which in July, 1901, $101,000 On July 1, 1902, took possession o f H illsboro R R , 20 miles, and
owned by L. I. RR. and deposited under its unified m ortgage, together Iaeger & Southern Ry., 5 miles, both purchased. (V. 75, p. 30.)
with $871,000 of the incomes. For year ending June 3 0,1 90 1 , gross, Branches building June 30, 1901, 24 m iles; see V. 73, p, 503.
$356,411; net, $143,050; interest, taxes, eto., $71,501; balance, sur­
St o c k .—Provisions o f preferred stock certificates were given in Sup­
plus, $71,549, appropriated for improvements.—(V. 66, p. 1046.)
pl e m e n t of April, 1897, page 4, said stock being 4 p. o. non-oumulative,
N e w Y o r k S u s q u e h a n n a Ac W e s t e r n R R . — (See Erie Map.)
with preference as to assets and dividends.
(honed (in fee) or entire Stic. Miles. Susq. Connecting R R ................ 10 D iv id e n d s , p. c . ) 1897.
1898.
1899.
1900. 1901.
1902.
Jersey City to Gravel PI., P a .. 101 Other branokes........................... 24
Preferred.
S 1%
Z%
4%
4%
Feb., 2%
[Double track 19 miles.]
Lines leased, etc.
Miles.
C om m on........ )
..
..
..
.........
2% June, 1%
Two Bridges,N .J.,toU nionville 21 Middletown Un. & Water GapjT 14
B o n d s .—The first consolidated mortgage of 1896 is limited to $62,Wilkesbarre & Eastern............. 65 Trackage......................................
3
500,000, of which an amount equal to the underlying bonds can be
Total road operated (Usee this co.) June 3 0 ,1 9 0 1 ......................... 238 Issued only on the retirement o f the same. The balance is or was
H is t o r y .—Consolidation in June, 1881, o f the Midland of New J. In reserved as follows: For new construction, acquisitions and improve­
1898 nearly all o f the capital stock was exchanged for stock of ments, not exceeding $1,000,000 yearly, $9,690,436 and $3,500,000

ning June 1,1901. to June 1 ,19 11 , and thereafter $200,000 semi-an­
nually to Dec. 1,1915. In the event o f any additional mortgages
being placed on the railroad properties besides the refunding mort­
gage, the notes are i o be secured pari passu with such new obligagations. The Elk Hill Co. also made a second m ortgage to the N. Y. O.
& W. for $2,400,000 at 5 per cent. V. 71, p. 1270; V. 73, p. 501.
The com pany’ s coal tonnage is derived from the follow in g sources:
Scranton and Elk H ill companies (as above stated), total maximum
capacity, 2,700,000 tons; other companies, 300,000.
E a r n in g s — 11 m onths,) 1901-2..Gross, $5,194,651; net, $1,322,953
July 1 to May 31.
5 1900-1. Gross, 4,819,814; net, 1,389,843
For 9 mos. ending Mar. 31, 1902, net, $1,287,629, against $1,258,175; other ino., $175,4 85; charges, $775,545; surplus, $687,567,
against $646,694
A n n u a l R e p o r t .—Fiscal year ends June 30. Annual m eeting la >
Wednesday in September. R eport for 1900-01 was given at n th
V . 73, p. 492, 501; see also editorial, p. 467.
Coal traffic in 190001, 2,361.026 tons (out o f 3,508,508 tons), against 2,157,553 in ’99-00.
Year ending June 30.
1901.
1900.
1899.
Gross earnings.......................... $5,322,884
$4,963,483
$4,346,164
Operat’g expenses and taxes. 3,777,137
3,414,917
2,970,110

105

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. _

STOCKS A N D

BONDS.

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o
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KA1LKOAD

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MAP

OF

THE

IS lllN O R F O L K & WESTERN
R A I L W A Y

J u l y , 1902 .]

CONNECTIONS.

t

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■

106

INVESTORS’

SUPPLEMENT.

[V ol. LXXV.

Bouas—
Princi­
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal,When D u t.
Amount
Par
of
of
Rate per When Where Payable, and by Stocks—Last
For explanation o f column headings, &o., see notes
Whom.
Road. Bonds Value. Outstanding Cent.
on first page o f tables.
Payable
Dividend.
RAILROADS

N o rfo lk & W estern B y .—(Concluded—
N. & W. Gen. (now 1st) M .N orf.toB ris..etc.g.F P c* 428 1881 $1,000 $7,283,000
6 g. M. & N. N. Y., Mercant. Tr. Co.
1,000
2,000,000
do
do
New R iver division 1st mortgage, g o ld .F P .c * 160 1882
6 g. A. & O.
5,000,000
1,000
See text.
Improvement & Extension Mort., gold F P . c* 588 1883
6 g. F. & A.
1,000
5,000,000
Scioto Valley & New E n g.,lstM .,assum .,g.C e.o* 129 1889
4 g. M. & N. N.Y., Mercantile Tr. Co.
N. & W. 1st consol. M., $62,500,000, g.M e...c*& r 1,697 1896 500 &o. 33,204,600
do
do
4 g. A. & O.
1,000 20,000,000
. . . . 1901
do
do
P oca h jt. M.,$20,000,000, g., call 105,s.f.GP.e*&r
4 g. J. & D.
4 1892
500
600,000
Col. Con. & Term. 1st M., g., gu. p. & i. (end.) A c*
J. & J. N.Y., Atlantic Trust Co.
5 g.
1893
1,000
—
68,000
Equip, tru stof 1893, gold, not sub to c a ll.F P .o *
Q .-J . N.Y. Mercantile Tr. Co.
& 81892
1,000
52,000
Eauin. trusts, gold U P ........................................... c
Q.—J.
5 g> M. & S. Phila., Fidelity Tr. Co.
..
1,000
1902
3,500,000
Equip, trusts, g., $500,000 y ’rly, beg. 1905.F P .c *
4 g.
223
100
North Carolina—Stock, 7 per cent rental.................
....
4,000,000
7
F.&A. 10
Burlington, N. C.
No. P e n n —Stk.,8 p. c. gu.990yrs.,$6,000,000auth.
86
....
50
4,721,250
8
Q.—F. Phila. Of., 240 So. 3d St.
4
Old 2d M., now 1st M.( 7s extended in 1896)_ c
_
56 1866 500 &c.
1,500,000
M. & N.
do
do
86 1873
4,500,000
do
do
General mort. bonds (option, V. 73, p. 1160) .c&r
7
J. & J.
1,200,000
6
M. & S.
do
do
Consol, bonds secured by $1,200,000 stock........ r
1881
4
M. & N.
do
do
302.000
Funding loan bonds, $40 9,0 0 0 ...............................
—
1898
118,608
Real estate mortgages June 3 0 ,1 9 0 1 ..................
1,000
No. East Penn.—1st M., g., gu.P.& R. (end.) G u P o*
26 1890
400.000
5 g. A. & O. Phila., Phila. & Read’ g.
1,000
107 1896
1,650,000 8ee text. J. & J. N.Y., J. P. Morgan& Co.
North’ n Ala.—1st M ($350,000 are prior lien). K . c
Boston, 19 Milk at-.
100
83
3,068,400 See text. Q .-J .
Norttiem, (N. B .)—Stock, 6 p. 0. rental......................
_
Northern Central—(Stock $12,000,000 authorized)
50 11,462,300 8 in 1902 J. & J. Baltimore, Treas. Office
1,500,000
6
1st mort., State o f Maryland loan—V. 74, p. 1197 145 1855
Annapolis.
Q .-J .
394,000
Consol, gen. mort. Cgold, s.f., dm . at 100, A & B .c 145 1874-5 $ & £
6 g. J. & J. London and Baltimore.
145 1876-7 $1,000
2,000,000
J. & J. Baltimore, Treas. Office.
of 1874, gold, se-7 gold, $, C & D . F P ...............c
6 g.
1,000
do
do
cures all equally. ( gold, E ................................... c
145 1885
1,757,000
41
2g. A. & O.
3,565,000
5
J. & J. Baltimore,Treas. Office.
2d gen. M., series “ A?’ & “ B” (A $2,565,000).F P
145 76&82 1,000
4
100
Q .-M . N. Y „ 21 Cortlandt St.
North’n o f New Jersey— Stock, guar, (see V .69,p.81) ____ m
1,000,000
21 1887 100 &0.
654,000
6
J. & J. N. Y „ U. S. Mort. & Tr.
3d m ortgage, now 1st, interest guar.................... c
1,000
4*2g. J* &
N. Y., 21 Cortlandt St.
Gen. M., $1,000,000, g., int. g u .h y lease. C sm .c* . . . . 1900
154,000

additional tor similar purposes. The right to issue prior lien bonds
has been annulled.—V. 73, p. 502; V. 74, p. 151.
The 4 p er cent first consols are a first mortgage on a large
part o f the system, viz., upon 974 miles of railroad; upon im­
portant terminals at N orfolk and Lamberts P oin t; upon the Ohio
R iver Bridge and the Roanoke Machine W ork s; besides being a
consolidated mortgage upon the remainder o f the system, sub
je o t to the undisturbed liens. They are further secured b y the
equipment, certified to have cost over $11,000,000, covered by the car
trusts and equipment bonds be taken up under the plan. See a b ­
s t r a c t in V. 64, p. 3 7 6 .—(V. 72, p. 137. 438, 532, 723,1080.)
The N. & W .-Pocahontas join t bonds are secured by about 350.000
acres of coal lands owned and held by the Pocahontas Coal & Coke Co.,
whose stock is owned, of which about 50,000 aores have been leased to
companies whose stock is all owned by the United States Steel Corpor­
ation, the royalties under suoh leases alone being expected to be suffi­
cient to almost meet the fixed charges. They are subject to call at
105, beginning 1906, for a sinking fund o f 2*s cents per ton mined. V.
73, p. 845, 902; V. 74, p. 41, 380,1197. TheN orf. &W est.i s only re­
sponsible for any deficiency which m ay be incurred b y the coal oo.
The equipment trusts o f 1902 ($3,500,000) were issued on new
equipment costing $5,000,000. V. 74, p. 681.
G e n e r a l F in a n c es .—The reorganization reduced the fixed charge*
from $3,214,037 to $2,218,450, a reduction o f $995,587, making the
annual charges ahead o f the new com m on stock smaller than those
ahead o f the old preferred stock. Of the traffic in 19o 0-1901 58 per
cent (6,277,133 tons) was bituminous coal and coke.
As to Pocahontas bonds o f 1901, see above. Dividends on the com*mon stock were begun in June, 1901. Y . 72, p. 873.
E a r n i n g s —For 11 months ending May 31:
Gross.
Net.
Int., taxes, &c.
Bat., sur.
1901-2................... $16,177,468 $6,865,154 $2,156,276 $4,708,877
1900-1................... 14,933,730
5,922,321=
2,075,752
3,846,572
A n n u a l R e p o r t .— Fiscal year ends June 3 0 .
Annual meeting is
held at Roanoke, Va., on second Thursday in October. Average rate
per ton mile 0 -4 6 cent in 1 9 0 0 -1 9 0 1 , against 0 4 3 in 1 8 9 9 -0 0 ; average
load o f revenue freight, 4 6 1 tODs, against 4 3 5 . Report fo r 1 9 0 0 -1 9 0 1 ,
Y . 7 3 , p. 4 9 2 , 5 0 2 (see editorial p. 4 7 3 ) showed:
1901.
1900.
1899.
1898.
Tears end. June 3 0 —
$
$
$
$
Passenger earnings.......... 2,046,455 1,857,305 1,608,414 1,467,532
Freight earnings............... 13,214,164 11,753,062 9,749,094 9,306,899
Mail, express, & c.............
524,824
480,638
469,630
461,692
Total gross earnings..15,785,442 14,091,005 11,827,138 11,236,123
Operating exp. & taxes.. 9,445,459 8,501,096 7,939,102 7,886,099
P. o. of exp. to e a r n s ....
(59-84)
(60-33)
(67-12)
(70-18)
Total net earnings... 6,339,983 5,589,909 3,888,036 3,350,024
Total net incom e....... 6,408,600 5,663,471 3,911,400 3,382,987
Interest on funded debt. 2,238,480 2,257,239 2,219,477 2,211,075
Interest on car trusts_
_
D ,2 3 8
16,400
22,137
28,358
Dividends on p ref........ (4%)909,924 (4)909,748 (4)909,588 (2)454,198
Dividends on com ........(1% )644,692
......................................................
M iscellaneous..................
1,051
1,520
7,444
4,605
B etter ^ ent fu n d .............. 1,500,000 1,500,000
.................................
Flood iu n d .........................
250,000
.....
.................................
Discount, etc....................
31,185
470,266
B alance......................sr.$822,030 sr.$507,938 sr.752,654 sr.684,751
O f f ic e r s .—President, F. J. Kimball; Chairman o f the Board o f Di­
rectors, Henry Fink,27 William St., N. Y .; Sec., A. J. Hemphill. Gen­
eral office, Arcade Bldg., Market & 15th streets, Philadelphia, Pa.

May 1, 1931
Apr. 1, 1932
Feb. 1, 1934
Nov. 1, 1989
Oct. 1, 1996
Dec. 1, 1941
Jan. 1, 1922
Q’ly to Jan.’03
Q’ly to O ct.’02
Sept 1, ’ 05-11
Aug. 1 ,’02, 3 ^
May 26,’ 02,2%
May 1, 1936
Jan. 1, 1903
Sept. 1, 1905
Nov. 1, 1928
Apr. 1, 1920
July 1, 1928
July 1 ,’ 02, Ha
July 15,’02,4%
Irredeemable.
July 1, 1904
July 1, 1904
Apr. 1, 1925
Jan. 1, 1926
June, 1902,1%
July 1, 1917
Jan. 1, 2000

Stock is $2,000,000. Under supplemental mortgage o f 1898 $400,000 o f the outstanding $1,700,000 1st 5s were made prior liens. Re­
maining $1,300,000 general lien bonds bear interest for tw o years
from July 1,1898, at 2 per cent, then 3 per cent for two years; there­
after 5 per cent. (V. 67, p. 1208.) In year ending June 30, 1901,
gross, $378,561; net, $54,898. In 1899-0 net, $27,585.—(Y. 69, p. 28.
N o r t h e r n (N e w H a m p s h i r e ) K B . —Owns Concord, N. H., to
W hite River J e t , Vt., 70 m iles; branch to Bristol, N. H., 13 m ; total,
83 miles. Subsidiary lines, Concord & Claremont RR., 71 miles; Pe
terborough & Hillsborough RR., 19 miles. Lease to Boston & Low ell
tor 99 years from Jan. 1, 1890, was assigned to Boston & Maine; rental
was 5 per cent on stock till July 1 ,18 97 , and now 6 per cent, pay­
able in gold. Until July, 1 8 9 7 ,1 p. o. extra was paid regularly from
contingent fund. Also in 1894, Jan., 5 p. c. extra was paid; m 1896,
July, 2 p. c. extra; in 1897 5 p. o. extra.—(Y. 65, p. 463).
N o r t h e r n C a l i f o r n i a B y . —See Southern Pacific RR.
N o rth e rn C e n tra l
—Owns Baltimore, Md., to Sunbury, P a'
137 miles, of which 132 miles double track—branch, 9 m iles; leases—
Shamokin Valley & Pottsville RR., 38 miles; Elmira & W illiamsport
R R .,76 m .; operates at cost—Elmira & Lake Ontario RR., 100 m iles;
Lykens Valley RR., 19 m iles; total, 381 miles. Also uses N. Y. L. E &
W. tracks, 7 m., and Phila. & Erie, Sunbury to Williamsport, 40 miles.
O b g a n iz a t io n .—A consolidation of several roads in 1854 Con­
trolled by the Pennsylvania R R ., which owns a m ajority o f the stock.
S e c u r it ie s O w n e d —On Jan. 1, 1902, among the assets held were
Balt. & Potom ac stock (par) o f $704,450; Elmira & Lake Ontario stock
(all), $1,500,000; Shamokin Valley & Pottsville stock, $619,650; Union
RR. stock, $1,225,000 (the balance o f $875,000 being held by PhilaWilm. & Balto.), eto. Also the follow ing, m ostly acquired in 1900; Ches.
& Ohio stock $1,500,000; Balt. & Ohio pref. stock, $1,000,000, and
common, $370,400; Norf. & West. pref. stock, $500,000, and com m on,
$1,000,000; Erie & West. Transportation Co. stock, $500,000.
St o c k , E t c .—Authorized issue was increased in Feb., 1900, from $8,000,000 to $12,000,000. Of the stock, the Penn. RR. on Jan. 1, 1902,
owned $6,267,950.
L iab ilities .—Mort. and ground rents on Jan. 1 ,1 9 0 2 , were $112,386.
D ividend s .— > 1888. ’89. ’90. ’91. ’92. ’93. ’94 to 1900. ’01. 1902.

Per cen t. .. S 7

8

7

7

8 8

7 yearly

8

8

E a r n in g s .—5 mos., J 1902...........Gross, $3,480,992; net, $1,010,569
Jan. 1 to May 31. \ 1901........... Gross, 3,283,592; net,
855,569
A nnual R eport .—Fiscal year ends Dec. 31. President’ s report for
1901, given at length in V. 74, p. 4 7 3 ,4 8 3 , showed the fo llo w in g :

Tear end. Dec. 31—
1901.
1900.
1899.
1898.
Gross earnings............$8,266,958 $7,845,412 $7,233,417 $6,664,028
Net earnings............... 2,511,969 2,347,874 1,950,523 1,852,786
Other receipts..............
594,306
632,194
533,109
504,154
Total net in o o m e .... $3,106,275 $2,980,069 $2,483,631 $2,356,940
Rentals, & c...................
464,912
535.619
480,844
480,078
Interest on debt..........
530,187
651,116
775,420
796,574
Dividends..................... (7) 916,980 (7) 684,033 (7)526,267 (7)526,267
Miscellaneous..............
93,157
*495,775
153,291
150,704
Extraordinary........... 1,101,039
613,525
300,000
200,000
Balance, surplus..........................

............

$247,810

$203,317

* Includes $397,926 “ extraordinary expenditures n ot properly
chargeable to capital account.”
- ( V . 74, p. 428, 4 7 3 , 4 8 3 , 7 76 ,10 9 0, 1140, 1197.)
N o r t h e r n B K . o f N e w J e r s e y .—Owns from Bergen, N. J., to
Directors.—Frederick J. Kimball, H enry Fink and Victor Morawetz, New
Bparkin, N. Y. 21 m iles; leases Sparkill to Nyack, 5 miles. Leased
York; S. M. Prevost, Samuel Rea, N. Parker. Shortrldge, W . H. Barnes, Joseph
l. Doran and John P. cre e n , Philadelphia; James McCrea, Pittsburg; W alter
to the Erie RR. from June 1 ,1 8 9 9 , for the term of its corporate exist­
H . Taylor, Norfolk, Va.
ence, for interest on bonds, 4 per cent on $1,000,000 stock, payable
—(V. 74, p. 41, 151, 206, 380, 528, 630, 937, 1140, 1197; V. 75, p. 30.)
quarterly, taxes, and all corporate expenses. Of the $1,000,000 new
N o r t h C a r o l i n a K B . —Owns from Gold boro to Charlotte, No. 4 L3 per cent general mortgage bonds, guaranteed by the Erie, #654,Carolina, 221-65 miles; Caroleigh Jet., N. C., to Caroleigh Mills, 1-90 000 are reserved to retire the 6s due July 1,1917, and the remainder
m . ; total, 223-55 m. Leased from Jan. 1,18 96 , to the Sout hern Ry. Co. for improvements aDd betterments or equipment for operation by elec­
fo r 99 years at $266,000 (6 ^ p. c. on stock) per year till Deo. 3 1,1 90 1 , tricity of the leased properties. See V. 69, p. 81.—(V. 71, p. 30.)
and $286,000 (equal to 7 p. c. on stock) balance o f lease; also taxes.
N o r t h . B y . C o s t a R i c a . —See V. 71, p.1067, and United Fruit Co.
V. 63, p. 361. Of the stock the State o f North Carolina holds $3,000,000.
N o r t h e r n O h io K a l i w a y . —( See Map Lake E rie < Western.)—
£
—(V. 65, p. 27; V. 66, p. 665).
N o r t h P e n n s y l v a n i a K B . —Owns from Philadelphia, Pa., to Owns road from Akron to Delphos, O., 165 miles; branches, 2 miles
Bethlehem, Pa., 56 miles; branches to Delaware River, &o., 31 miles; Road is leased in perpetuity to L. E. & W. V. 62, p. 826.
St o c k .—Common stock (all owned by L. E. &W.) $3,580,000; pro
second track, 54Lj miles; total track, 220 miles. Ground rents
July 1, 1901, $47,854. Leased for 990 years from May 1 ,18 79 , to ferred non-cum ulative 5 p. c. stock, $650,000; par o f each $100.
Phlla. & Reading RR. at 8 per cent on stock, and lease assumed in
B o nds .— The first mortgage is for $4,000,000 of which $1,500,000
1896 by Phila. & Reading Railway. The $4,500,000 general 7s, due on ly to be issued at not to exceed $15,000 per mile for completed roar
Jan. 1, 1903, will be refunded at maturity by an equal a m ou ntof 50- hereafter constructed or purchased. For year ending Dec. 31, 1900
year 3:ho per cent gold bonds.—V. 73, p. 1160. Current liabilities June gross earnings were $196,765; net, $44,746; taxes, $10,266; int. or
30,1 90 1 , $21 7 ,0 2 4 .-(V. 62, p. 462, 870; V. 73, p. 1160.)
bonds, $125,000.—(V. 66, p. 337).
N o r t h - E a s t P e n n s y l v a n i a B K . —Owns road from Glenside to
N o r t h e r n P a c i f i c R a i l w a y . —(See Maps.)—Operates one of th
|
New H ope, Pa., 26 miles. Controlled by P. & R. Capital stock, $400,~ leading lines to the Paciflo, having its eastern termini at St. Pam
000, of which $318,950 owned by Reading Co., $315,000 being de­ Minn., and Duluth, Wis. (the head of Lake navigation), and run
posited under its gen. M. of ’ 97; par, $50.
ning thence westerly, traversing the great wheat belt of Minnesot:
N o r t h e r n A l a b a m a B y . —Sheflieldto Parrish, Ala., and branches, and North Dakota, the mining district of Montana and the fannin/
119 miles. In April, 1899, a majority of
stock and bonds pur­ country of Washington to Tacoma and Seattle, and to Portland, Ore
chased by the Southern Ry. V. 68, p. 824,873. See also V. 69, p. 391. gon, with branches to Winnipeg, eto. The system com prises:

RAILROAD

J u l y , 1902.]

STOCKS

AND

107

BONDS

Bands—Princi­
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal,When Due.
Amount
of
Par
When
For explanation o f column headings, &o., see notes of
Outstanding Rate per Payable Where Payable, and by Stocks—Last
Road. Bonds Value.
Cent.
Whom.
on first page of tables.
Dividend.
RAILROADS.

So.Ohio—1st M., g. ($15,000 p. m.) gu., p.& l.C e.o* 167 1895
....
N o rth ern P a cific R y . —Com. stook, $155,000,000 . . . .
Western RR. Minn. 1st M ., gold, assumed............ 6 0 ^ 1877
St. Paul & N. P. Gen. M., I’d grant, ass’d.Ce.e*<fcr 182 1883
New m ortgages of Northern Pacific R y.—
Prior lien M. $130,000,000 gold, ld.gr.ffle.c*<fcr See X 1896
Gen. lien M. $190,000,000, g., land g r ... F o*<fcr See | 1896
St. P.-DuL D iv pur. money M., $20,0O0,000.G.e* 226 1900
C.B.&Q. col.tr.M .,g. (red.aft.Jan.’06 atl05)Clc<fer . . . . 1901
15 1877
1st M.Minn.&Dul.,Minn,toW,B.Lake,g.ass’ d F P ’
B onds U n d e r l y in g St . P a u l & D uluth D i v . M o rt GAGE.
8t. Paul & Duluth 1st mortgage, assum ed___ c* 167 1881
2d mortgage, assumed. C e................................. c* 167 1887
21 1884
Taylor’s F. & L. Sup., 1st M., s. f. not dr’n.Ce.c*
Duluth S. L. IstM , p. & 1., s. f, not dr’ n .C e ...c '
25 1886
Consolidated m ort., ass’ d, $5,000,000, g.M p .c* 238 1898
f l a r t r m s t S j iT io .ln r iin g intP.T’p ist, -T n n fi, 1001______
’98-’99
Sorth’ n Pac. Ter.Go.—IstM .. gold, red., a tllO .F .c*
1883
northern Railway (Cal.)—See Southern P acific R R .'
__
___
Northern Securi ten—8tock, $400,000,000...............
No. Shore RR.—N. Pae. Coast, gen. M. (now lst),g .c 90-5 1892
New No. Shore g ., $6,000,000, g., s. 1. b eg.’ l 2.c* . . . . 1902
Northwestern Coal Ry.—Is tM ., guar, end., g F .c* . . . . 1893
65 1900
Northwestern UR. o f So. Oar.—1st M., $375,000...
72
....
Norwich < Worcester—Pref. stock, 8 p. e. rental—
&
Bonds (n otM .),in t. gu. under lease, curr’c y ...c * r . . . . 1897

$1,000 $2,500,000
5 g. A. & O. N. Y ., Chase Nat. Bank.
100 155,000,000 See text. Q .-F . New York and Berlin.
M.3J5&N4
1,000
352,000
7
New York.
1,000
8,021,000
do
6 g.
U
500 &o. 98,868,500
500 &o. 56,000,000
8,096,000
1,000
1.000&C 215,153,000
1,000
280,000
1,000
1,000
1,000
1,000
1,000

4
3
4
4
7

Q .-J . N.Y.,J.P.M organ&Bert
g.
do
do
t
g. Q .-F .
New York.
g. J. & D.
do
g.
§
do
g. M. & N.
F.
A.
J.
M.
J.

&
&
&
&
&

A. N.Y., J. P. Morgan & Co.
O.
do
do
J.
do
do
8.
do
do
D.
do
do

Oot. 1, 1945
May 1, ’ 02, Ha
May 1, 1907
Feb. 1, 1923
Jan.
Jan.
Deo.
July
Jan.

1,000

1,000,000
2,000,000
210,000
500,000
1,000,000
287.789
3,741,000

5
5
6
5
4 g.
4ifl & 5
6 g.

Aug.
Oct.
Jan.
Sept.
June
To
J. & J. N.Y.Winsl’w.Lan’r&Co. July

100
1,000
1,000
1,000
1,000
100
1,000

1,498,000
850,000
794,000
285,000
3,000.000
1,200,000

See text.
5 g.
5 g.
5 g4
8
4

See text
J. & J.
M. & N.
M. & N.
A. & O.
Q .-J .
M. & S.

Checks mailed.
San Fran., Co.’ s Office.
N. Y. & San Francisco.
N.Y., Farm ’s L. < T. Co.
ft
B a lt , S. Dep. & Tr. Co
Meoh. Nat. Bk., Wore.
Boston, Co.’ s office.

1,
1,
1,
1,
1,

1997
2047
1996
1921
1907

1, 1931
1, 1917
1, 1914
1, 1916
1, 1968
1909
1. 1933

May 1, ’ 02, 1%
Jan. 1, 1912
May 1, 1942
May 1, 1928
1949
July 1 , ’ 02, 2%
Meh. 1, 1927

1 Coupon bonds F. & A.; registered bonds Q.—F. § Coupon bonds J. & J.; registered bonds Q.-J.
T
t Tterlvn at 4'20 marks per dollar.
1 5,130 miles, including 40 miles not operated; spurs, 261 miles.
(Concluded.)
Leased to others.
Miles.
Main line.
Miles.
To other com panies...............
13
Ashland, Wis., to Portland,
Ore. (incl. 5 m. terminals) .2,171 To Province of M anitoba___ 354
Not operated...........................
39
Brainerd and Staples to St.
Paul..................................... 181
Total ow n ed ...................... 5,395
Other lines................................ 595
Controlled properties.
Seat. & Intern.(V .72,p. 675). 176
Total main lin e.....................2,947
Various branches....................2,042 Wash. & Col. R iv er,............... 163
Minn. & International..........
91
Total owned (operated
directly)...........................4,989 Total system July 1 ,1901... .5,649
8econd tra ck ...........................
61
The Manitoba branches, aggregating 354 miles, were leased for 999
years from May 31, 1901 to the Provincial Governm ent and sub-let by
the latter to the Canadian Northern Ry. at a rental o f $210,000
annually for the first 10 years, then $225,000 for 10 years, then $275,000 fo r 10 years and thereafter $300,000, with the option o f pur­
chase at any time for $7,000,000.—V. 73. p. 610. In Jan., 1902, pur­
chased branch from Minneapolis to White B ear Lake, Minn , 15 miles,
form erly leased, assuming $280,000 bonds. V. 74, p. 94.
The original Northern Pacific Company was chartered b y Congress
July 6,18 64 ; 450 miles to Bismarck were foreclosed in 1875. I n 1898
leased Washington Central (V. 66, p. 856), and purchased the entire
capital stock and all o f the incom e bonds of the Washington & Colum­
bia R iver Ry. See separate statements for these Washington com pa­
nies. On July 1,19 00 , the St. Paul & Duluth RR., St. Paul to Duluth,
etc., 238 miles, was merged, its bonded debt being assumed. V. 70, p.
1250; V. 71, p. 648. In 1902, the ouluth Transfer Ry. and Stilwater
(Minn.) Union D epot & Transfer Co. and the Washburn Bayfield &
Iron R iver R y., Washburn Minn., to Bayfield, 35 m., with brandies,
30 miles, w ere purchased. V. 74, p. 9 3 7 ,11 4 0,1 35 6.
H i s t o r t .— This W isconsin com pany on Sept. 1,1896, succeeded to the
railroads, land grant and other property o f the Northern Pacific RR.,
foreclosed in Julv, 1896, and reorganized per p l a n in Y. 62, p. 550.
In the reorganization the $49,000,000 old com mon stook paying as­
sessment of 15 per cent received 100 per cent of new common. The
$35,000,000 old preferred paying assessment of 10 per cent received
50 per cent in new common and the same o f new preferred.
St o c k .— The preferred stock was oalled and paid off at par on Jan. 1,
1902, by the issue of $75,Of 0,000 com mon stock at par, the authorized
amount of the latter being increased from $80,000,000 to $155,000,000. V. 73, p. 1062, 1160; V. 74, p. 41.
N o r t h e r n P a c ific R a i l w a y -

In 1901 the Northern Pacific and Great Northern acquired $107,577,200 o f the $111,200,000 stock o f the Chicago Burlington & Quincy
RR. in exchange for their jo in t 20-year 4 per cent gold bonds
secured by the deposit o f the stook in trust, on the basis of $200 in
bonds for each $100 stock. See circular, V. 72. p. 871, 1034, 1135;
application to list, V. 73, p. 294; V. 73, p. 610.
A fund of $3,000,000 to assure dividends on preferred stock till 1902
was set aside in 1898. See V. 67, p. 579, 588.
On Jan. 1,1901, the voting trust was dissolved. See report o f vot­
ing trustees, V. 71, p. 1013,1016. Capital expenditure, see V. 73, p.610.
E a r n in g s .— 8 mos.,
) 1901-2.Gross. $28,206,172; net, $14,343,878
July 1 to Feb. 28.
5 1900-l.G ross, 21,636,681; net, 11,067,902
Total net incom e for the 8 months, after deduoting operating
charges, taxes, rentals and improvements, and adding other inoome
(exclusive o f land sales), $12,162,763, against $9,920,041 in 1900-1.
In the year ending June 3 0,1 90 2 , gross, $42,305,911, against $33,960,859 in 1900-01.
A n n u a l R e p o r t .—R eport for 1900-01 in V. 73, p. 610. See also
editorial, p. 586. First report of reorganized com pany, fo r ten months
ending June 30,1897, in full in V. 65, p. 680. See also p. 650.
Ir s. ending June 30. 1900-1.
1899-0.
1898-9.
1897-8.
Aver, miles operat.
5,100
4,714
4,579
4,362
Passenger earnings. $7,247,000 $6,219,996 $5,050,356 $4,853,799
Freight earnings---- 23,481,713 22,140,180 19,485,960 17,432,755
Mail, express, &c---1,832,270
1,661,142
1.512,358
1,393.164
Gross earnings..$32,560,984 $30,021,318 $26,048,674 $23,679,718
Net earnings............. $15,920,840 $15,626,690 $13,699,222 $12,584,347
T axes.........................
$920,352
$850,590
$750,133
$682,800
Rentals, eto..............
134,690
112,852
61,520
A dd’ns and im p’ts .. 2,011,285
3.000,000
2,176,619
811,709
N etoperat’gincom e.$12,854,513 $11,663,247 $10,710,950 $ 1 1 ,089 , 83¥
M iscellaneo’ s income
not lncLland sales.
743,787
685,521
1,001,607
887,190
Bal. fo r interest.......$13,598,300 $12,348,768 $11,712,557 $11,977,034
In te re st.................... $6,395,681 $5,864,950 $6,079,273 $6,079,160
Div. on pref. s to c k ..(4)3,000,000 (4)3,000,000 (4)3,000,000
3,000,000
Div. on com. s to c k ..(4)3,200,000(3)2,400,000 (2)1,600.000
B al.,sur.for year $1,002,619 $1,083,819 $1,033,284 "$27897,874
O f f ic e r s (lu lv 1, 1901).—President, Charles S. Mellon, St. Paul,
Minn.; Vice-President, Dan. S. Lamont, New York; Sec., George H Earl
New York; Treas , C. A. Clark, St. Paul. New York offloe. 49 Wall St.’

D irectors—K. E. Harriman, Wllllmm R ockefeller, Charles Steele, Daniel 8
1-axnont, James Stihman, Kben 8. Thomas, H. M cK. Tw om blv, Deo. F BiNtec."
I n J a n u a ry , 1 9 0 2 ; n e a r ly all o f th e c a p it a l s t o c k h a d b e e n a c q u ir e d
D. W illis James, J. S. K ennedy, Samuel Spencer and Bravtoii Ives, New Y^rrk
b y th e N orth ern S e c u ritie s C o. (w h ic h see b e lo w ) th r o u g h e x c h a n g e o f
and Charles 8. Mellen. Ht, Paul; Samuel Rea. PhiladelDfiS.
$ 1 1 5 in S e cu ritie s Co. s t o c k fo r e a c h $ 1 0 0 N o r th e rn P a c ific sh are. V .
- ( V . 74 p 937, 114 0,1 2 52 , 1356; V. 75, p. 30.)
72, p. 1 0 8 1 ; V. 7 3 , p. 1 3 8 ,1 8 5 , 1 0 1 1 ,1 0 6 2 , 1 1 6 1 ,1 3 5 7 ; Y . 7 4 , p. 68 1.
N o r t h e r n P a c i f i c T e r m i n a l C o m p a n y , o f O r e jg o n .-O w n s
D ividends <p. o . ) )1 8 9 8
1899
1900
1901
1902
terminals
On c o m m o n ................................. e0
2
4.
4 I n c l.M a y ^ J g on the Willamette River, Ore., at Portland, East Portland and
Albina, comprising lands 270 aores, trackage 32 miles, dock frontage
O n p r e fe r r e d ..........................)
5
4
4 (Q .-M .)!
4
.............

In 1902, Feb., 1 p. c.; May, 1 ^ p. c.—V. 74, p. 937.

7,904 feet. Station at Portland, Ore., opened 1896.—V. 69, p. 230,441.
L ease .—Leased for fifty years from Jan. 1,1883, join tly and severally
to Northern Paoifio, Oregon Ry. & Navigation and Oregon & California
with guaranteed rental to pay interest, sinking fund and taxes; leases
assumed in 1899 by new Nor. Pao. and Or. RR. & Nav.—V. 69, p. 230.
S t o c k .— Stook ($3,000,000) owned by sa id three companies (40 p.c.)
by Oregon Ry. & Nav. Co., 40 per cent by No. Paoifio and 20 per oent by
Oregon & Cal. RR.), and held by Central Trust Co. of New York, to be
delivered after payments to the sink, fund, which Is to oaneel the bonds.
B o n d s .—The first mortgage is for $5,000,000; in 1 9 0 2 $4,097,000 had Ixeoxi Issued, of which $379,000 retired by sinking fund, draw ­
ings at 110 and in tcre s t.-(V . 74, p. 152; V. 75, pi 135.)

B o n d s .— A b s t r a e t * o f th e n e w P r io r L ie n a n d G e n e r a l L ie n m o r t ­
g a g e s o f 1 8 96 w ere in V .0 3 , p. 1 0 1 2 -1 0 1 9 , an d th e s ta te m e n t t o N e w
Y ork S tock E x c h a n g e , w a s In V. 6 3 , p. 1 0 7 2 , s h o w in g :
P r w r lien 4';-b» p u r c h a s a b le w ith la n d sa les a t n o t e x ­
c e e d in '' 110. b u t are n o t s u b je c t t o c a ll, n o t o v e r
$ 5 0 0 ,0 0 0 cash y e a r ly t o b e s o a p p lie d . T o ta l is s u e ........ $ 1 3 0 ,0 0 0 ,0 0 0
I s s u e d ......................................................................................... ................
t)%868,sao
R e s e rv e d to re tire St. Paul < N. P . an d W est. R R . b o n d s ,.
fc
8373,000
F or n ew c o n s t r u c t io n , b e tte r m e n ts ,e q u ip m e n t, e t o ., u n d er
c a r e fu lly g u a rd e d p r o v is io n s , b u t not, e x c e e d in g $ 1 ,5 0 0 ,0 0 0 p er an n um . u r ig in a lly $ 2 5 ,0 0 0 ,0 0 0 —still h e ld ........
30,476.000
(ifn e r a l Hen M. (F a r m e r s’ L oan & T r u s t C o., t r u s t e e )___ $ 1 9 0 ,0 0 0 ,0 0 0
N o r t h e r n S e c u r i t i e s O o . — I n c o r p o r a te d on N o v . 13, 1 9 0 1 , a n d
O f w h ich re se rv e d fo r p r io r lien b o n d s .....................................
1303 x 30,000
Issued to c a r r y o u t r e o r g a n iz a tio n .................................... ...........
3 6 ,000,000 h o ld s a la r g e in te r e st In th e N orth ern P a o ifio a n d G reat. N orth ern
T h e M o rg a n H ill in te re sts, c o n t r o llin g th o se ro a d s an d the
F or n ew c o n s tr u c tio n , b e tte rm e n ts , e q u ip m e n t, e t o ............
4 ,000,00a s to ck s .
C h ic a g o B u rlin g to n < Q u in c y , and th e ila r r in m n -K u lm , L o o b (U n ion
fe
T h e HI. P a u l -f; D u lu th M v iM o n m o r tg a g e se c u re s $ 2 0 ,0 0 0 ,0 0 0 p u r ­ P a d Ho) in te r e sts, a r c r e p re s e n te d In the d ir e c to r y . Hee V. 73 ,n i o n
ch a se m on ey b o n d s on the fo r m e r fit. P a u l Ik D u lu th , o f w h ich $ 9 ,2 1 5 ,10 0 2 , a n d P residen t m i l ’ s sta te m e n t, V. 7 3 . 1357. O p p o s itio n to nian
0 0 0 w ere issued to a c q u ir e th e ro a d , $5,283,<KK) a re r e s e r v e d to rotlro
b y W e s te rn Htutes, V 7 5 , p 135. L ist o f su its, V, 7 4 , p. 9 3 7 , 1)88
e x is t in g Ht. P. < . ft. b o n d s and th e b a la n c e fo r im p r o v e m e n ts to the
V
B lock a u th o r iz e d , $ 100,000,000; p a r o f sh a res, $ 10 0 . I fo ld e r s o f
p ro p e rty , -v . 7 0 , p, 12 50 ; V. 7 1 , p. 1167, T h e la n d s in clu d e d Itt the su b s ta n tia lly all th e N orth ern 1'aolrio s t o c k am i o v e r $ 9 0 ,0 0 0 ,0 0 0 g ra n t o f the, fo rm e r St. Paul & D uluth a re e stim a te d to tie w orth
O r e a t N o rth e rn s to o k h a v e a g r e e d to e x c h a n g e th eir $ 1 0 o sh a res fo r
about, $ 4 ,0 0 0 ,0 0 0 , and w ere n o t c o v e r e d b y th e old m o r tg a g e s. T h e y
$1 15 and $ i HO, r e s p e c tiv e ly , In N orth ern H eou ritie On. s t o o k ; to r o ­
are to be sold arid p r o c e e d s a p p lie d to p u rc h a s e o f th e b o n d s a t n ot
ll re th e en tire sto ck s o f b o th c o m p a n ie s w o u ld re q u ire $ 4 0 8 ,2 5 0 000
o v e r 105 an d in te re st, or if n o t p u r c h a s a b le a t th a t p r ic e , then to b eto f S e c u ritie s Oo. s to c k .
tarm an t*, im p rov em en t.* o r a d d itio n s to th e m o r tg a g e d p rem ises o r
D i v id e n d s . - D iv id e n d s , 1 p. 0., p a id F e b . I, 1902; M ay 1, 1 p. o.
eq u ip m en t th erefor. T o J u ly , 1 0 0 1 , $ 7 7 0 ,0 0 0 had b e e n th u s p u rch a sed
OFFICERS. P r e sid e n t, J a m e s J, Hilt; V ice -P r e sid e n t, J o h n B. K e n ­
and c a n c e le d . V. 71 , {>. ! 107; V. 7 2 . p, 3 3 9 .
n ed y; H eeom l V ic e P r e sid e n t, G e o r g e F. Baker; T hird V ico P r e sid e n t
f/tS t ) fin '.NT. T h e la n d g r a n t w as 1 2 ,8 0 0 a c r e s to th e m ile in the
D. Willis James; Fourth V ico P resid en t, W . I’ . C lou g h ; B oorntitry anif
States o f M in n esota a n d O reg on and 2 5 ,6 0 0 a cre s p er rnlie in the (th en )
In term edia te territories. T h e a c r e s o n J u n e 3 0 , i.9 0 i, n o t yet, sold w ere; T r e a s u r e r , K. T. Nichols; G e n e r a l Outlined,|W. P. C lou g h .
Olreotnrst. J>, Willis James, “ swiubI ®8r>rne. JttWOs .1. Hill, 10. T. Nichols
M in n e s o ta ........................
2 3 0 ,7 7 9 W a s h in g to n ...................... 5 ,0 7 7 ,3 4 1
pe<>rim F. linker, 1tuber i ll.uiiii, (Icterus W. I’crfelttn, i > the! j l.nmOHt 10 j j ‘
![
North Dakota...............
45,012 O reg on . ................... ........
2 0 8 ,2 0 9
llarrifrtsn. Jaeot) i r. -main. .Iininm HUMumtt, W, P. UIoukIi, CJforun < (Hark'
M o n t a n a .................. ......... 1 8 ,0 4 ! .740
John 8. Keumtily um1 N. Trrhune,
Id a h o ........................ ..
1 ,0 4 0 .4 0 1 ,
_ „flL H s o
T o ta l w eH tH f M o. U lv .2 0 ,2 5 5 ,5 0 8
(V. 7 4 , p. 03 0. 6H l, 77 0. H 8t, 9 3 7 , 9 8 8 ; V . 75, p, I 35.)
Lan d sales in y e a r 1 900-01 a g g re g a te d 2 ,7 5 7 .4 13 a res; n et a m o u n t
N o r t h S h o r n IK I t . ( N a r r o w < »« t i g e ) —O w n s Ban i<*rano)noo to
receiv ed from sa les and land c o n t r a c t s , $ 1 ,0 2O,5 H2 .
ro 8 7
;
c
to
fa
and
ill V a lle , 4 m iles'
ffg s g H A j, 1 1v a -ir r -i -The fixed an n ual c h a rg e s o f th e p r o p e r t y as I C a s a d e to , Hanh id e senb r a,n3 h e s iles;Ban R a o pelr a te d , M 4 m iles, yiVieluduiK
lea ses
Q u tin
m
tidal
e
0
hen c o n s titu te d w ere r e d u c e d $ 4 ,7 7 0 ,2 0 0 b y r e o rg a n iz a tio n o f 1H9 C.
fe r ry to Ban F ra n elson, 0 m iles. O f the r o a d , BaunoUfco to M ill V a lle y ’

O P

T H E

NORTHERN PACIFIC RAILWAY

108

M A P

( E A S T E R N S E C T IO N )

E N T I R E S Y S T E M 5 , 3 7 1 M IL E S

INVESTORS’ SUPPLEMENT.

JU LY,

Craik

Crowfoot

Saskatchewan

Do Win ton

IJiuer

Bant

CN
A

1 0 .]
92

.trow head

^ ^ R E G IN A

Swift Current

Posqua

Nan ton
Colley

Kaslo C
Kootenai
a Lake
ptenai

McLood

Xotlibridge
Estevan

'Trail J .7.

Rowland
" 7 * V" —\LKrr
)
JpiiO,
fJ
Colville
V

S I#

Beltoi

Glasgow'

Marias

lummit

R A IL R O A D

!v\j^Uda

Coutts

Missouri

Big Sandy

Piegan 6
COULEE
g * y ®5B
t

Choteauv

’t.Benti

Collins

Missouri

Steel

[s Cascade

Rosaliaf|

Sand Coulee

Oakdale?

■ Cr^0ziV a]°«s.
a

south

.H^Se^SoiraS
&

i

«*TAK!Ma

° Lewiston

^ White Sulphur

omero

^Springs

\

Flatwillow
Sahara
Musselshellg/^. •

> 4 # ? dayton

J u F o n a lu lu

W a it e s b u r g

y z ^ tix

~A^

A

t o Dudley

.

a

AND

^ nLeadboro Me
— a.

PLEASANT VIEW

'SAJaim*

Ft. Magi uni

Monarch
Barker
uNeiharts

Hjr, BELw 5nt

STOCKS

great Falls

.

*4$

f ig *

allatli
Elgin
Enterprise
t Grange0
Union
/

s il e si

S alm on

iO E ^e Jfphlcorv
KO

"WUse^

A ^ ’m iffran t. M e r n t W J

/^^aiievs

•
n^phink
_
Rr
pun ^ cin nab^ R ___ 2 .t
A
[ f “ S^arramot/J Hot~Spr8.

Sumpter Q
McEwem

v

Sheridan

-W eiser

’

A&neBeJA^^

\L a k e

y o©a(^vi 00^)
Gillette

J

^Malheur

N e w C a s tle

0Idaho City
Rocky Bar

^ ^ B O IS E

Lake

Houston
Ketchum

Hailey

G Kc**1
°$\ r h'*1
i
o

Under Construction

Market.Lake \
Idaho Falls.

M AP OF THE

NORTHERN PACIFIC RAILWAY

Blackfoo'

V .^ < l^ e d b u r y

Silver City

R
.

Clayton0

'Washoe

v

Lend
Moorcrof 11 Jt

Buffalo o

PeKowatoiM
t

Challis

\

Arno

ye W Q w st o n e

Council

Valley

Huntington

BONDS.

O RTLA^J

(WESTERN SECTION)
Soda SprB.
McCammol

ENTIRE SYST E M

5 ,3 7 1

M iles

109

SHORT

110

m YESTORS’ SUPPLEMENT

[Vol. LXXV.

Bonds—Princi­
RAILROADS.
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal, When Due
Amount
of
of
Par
For explanation of column headings, &c., see notes
When Where Payable, and by Stocks—Last
Rate per
Road. Bonds Value. Outstanding Cent.
W'hom.
on first page of tables.
Payable
Dividend.

Nor. dt St.L.—1st M., $300,000,g. red. 110 in 10 y r s T a
7^
10
Ogden Mine RR.—Stook (5 p.c.rent.Uen. o f N. J .)...
26
Ohio < K y.—1st M., g., s. f ., call at 110.Ce........... o ’
£
80
Ohio < Little Kanawha Ry.—1st M., $250,000, g. K
£
Ohio <. Mississippi—See B a l t . & O h io So u t h w e s t .
P
Ohio Rivet— 1st mortgage ($2,000,000), g old .F P .c* 169
Gen. M .($3,000,000), gold, 1st on 39 m iles.F P.c* 209
33
Rav.Sp. & G len.lstM .,$400,000,g.,gu.,p.& i.FPo*
11
Huntington & Big S. IstM . ($400,000), gold, gu.o*
13
R ipley& M ill Cr. lstM .g .,g u . p .& i.,en d .F P .o*& r
Ohio < West V irgin ia —See H ocking V a l l e y R y .
£
Old Colony—Stock, 7 p. o., guaranteed by rental.c* . . . .
....
Bonds for Framingham & Low ell bonds.............. c
Bonds not m ortgage..................................................r . . . .
....
Bonds, not m ortgage................................................r
Bonds, n ot mort. (authorized $3,000,000), g ...c*r . . . .
Bonds, not mortgage ..........................................c&r . . . .
125
Boston Clin. F. & N. B. m ortga ge.N R ................ c
.......... .c&r . . . .
Bonds, not m ortgage......................
21
Omaha Bridge <. Terminal Ry.—1st M. ($5,000,000)
P
Oregon < Oal.—1st M., g., dr’n at 100 gu. p .& i.L n .c* 667
6
O regon R R . & N aviga tion —Common s to c k .......
....
...
Preferred stock, 4 per cent, non-cum ulative.......
Consol. M. (now 1st) $24,500,000, g old .N ........ c* 1,063
O regon S h ort L in e R R .—Common s to ck ............
Or. Sh.L. ls tM .,p . & i., gold—see V.63, p.602...c* 600
Utah < North’n 1st mort., $12,000 per m ile— c* 477
fe
Con. M., gu., $15,000 p. m., 8. f. not dr’ n ,g.A R c* 477

1901 $500&c.
....
100
1896
1,000
1,000
1900

$100,000
450,000
250,000
228,000

5 g. A. & 0.
5
J. & J. Phila., 608 Chestnut St.
5 g. J. & J. N. Y., 1 Broadway.
5 g- M. & S. N. Y ., Knick. Trust Co.

1886
1887
1890
1892
1888

2,000,000
2,941,000
376,000
303,000
50,000

5
5
6
6
6

1,000
1,000
1,000
1,000
1,000

g.
gg.
g.
g.

....
100
16,758,900
7
1884
1,000
498,000
4ia
1884
1,000
750,000
4
1,C00
1888
4,000,000
4
1894 1,000&C
3,000,000
4 g.
1895 1,000 fee
5,100,000
4
1880
1,000
1,912,000
5
1902
1,000,000
3ia
1893
1,000
1,000,000
5
1,000
1887
19,357,000
5 g.
....
100 24,000,000
....
100
11,000,000 4% in ’02
1896
1,000 21,482,000
4 g100 27,460,100 mostly o
1882
1,000
14,931,000
6 g.
1,000
1878
4,993,000
7
1886
1,000
1,802,000
5 g.

Fairfax and San Rafael,25*a miles, was being electrically equipped and
standard-gauged June, 1902. V. 74, p. 1252. Successor May, 1902, of
North Pacific Coast R R „ purchased by syndicate com posed o f R. R.
Colgate, R. M. Hotaling, William M. Pierson, C. A. Grow, E. J. De
Sabla Jr. and John Martin. V. 74, p. 94,152,327.
feStock authorized, $6,000,000. Of the $6,000,000 5s of 1902 (Mercan­
tile Trust Co. o f San Francisco, trustee), the present issue is $3,500,000, o f which latter $1,500,000 were reserved to retire the North Pa­
cific Coast 5s at or before maturity, the balance being issuable from
time to time as required for extensions and improvements. V. 74,
p 1252
For year ending June 30,1901, gross, $457,720; net, $123,237; inter­
est, $80,356; bal., sur. for year, $42,881. In 1899-0, gross, $423,124;
net, $135,195. President, John Martin, San Francisco— (V. 7 4 ,p. 252.)
N o r t h w e s t e r n C o a l R y . —Allouez Bay, W isconsin, to Allouez
Junction, Wis., 2'53 miles, with coal wharf covering about 80 acres of
land. V. 71, p. 698. Owned by the Pittsburg Coal Co., which guar­
antees the bonds. See official statement, V. 71, p. 698. Capital stock,
$1,000,000. For year ending Deo. 31,1 89 9 , gross, $34,048; net, $10,058; miscel. receipts (rents and dock earnings), $43,982; int. and
taxes, $43,357; balance, surplus for year, $10,683.—(V. 71, p. 698.)
N o r t h w e s t . —See Chicago & North Western.
N o r t h w e s t e r n B R , o f S o u t h C a r o l i n a . —W ilson Mill, S. C .,
via Sumter, to Camden, 61 miles, o f which 8umter to Camden com ­
pleted 1900; branch, Millard to St. Paul, 4 m.; trackage, 4 m.; total,
69 miles. Stock, $100,000. Dividend 6 per cent, paid Dec., 1900.
Year ending June 30, 1901, gross, $71,548; net, $39,187; other in­
come, $2,429; charges, $10,561; dividends, $6,000; bal., sur., $25,055.
N o r w i c h A W o r c e s t e r R R . —Owns from Norwich, Conn., to
W orcester, Mass., 59 miles; branch, Norwich to Groton, 13 miles;
total, 72 miles. Also owns entire capital stock ($500,000) of the Nor­
wich & New York Transp. Co., operating boat line to N. Y. City. Leased
to New England RR. for 99 years from Feb. 1, 1869, and accepted by
N. Y. N. H. & H. RR. since July 1,1898; rental is 8 per cent on pre­
ferred stock.—(V. 69, p. 1194; Y. 70. p. 7 6,1 25 .)
N o r w o o d & S t. L a w r e n c e I t I t . —N orwood to Raym ond ville, N.
Y ., 7*a miles; opened N ov., 1901. Stock, $100,000; par o f shares,
$100. Bonds are subiect to call at 110 Apr. 1,1912. President. Chas.
R. Remington, Watertown, N. Y.; Sec., Francis M. Hugo; Treas., W ar­
ren F. Hone.—(V. 74, p. 1090.)
N y p a n o R R . . —Y. 63, p. sag; V . 67, p. 223.
O a k l a n d A B a s t S id e It I t . —Y. 74, p. 577.
O g d e n M i n e R R . —Owns Nolan’ s Point (Lake H opatcong) to
Sparta (or Ogden Mine), N. J., 10 miles. Leased for 999 years from
Jan. 1,1882, to Central RR. o f N. J. for 5 p. c. per annum on capital
stock and $500 yearly for organization expenses.
O g d e n s b u r g A L a k e C h a m p l a i n R y . —See Rutland RR.
O h i o A K e n t u c k y R y . —Owns from Lex. & East. Ry. at Jackson, Ky., to cannelooal fields in Morgan C o.,K y., 26 m. Operated by
Lex. & East. Ry. since late in Oct., 1901. Com. stook, $200,000; pref.
stook, $100,000; bonds as above, $250,000; junior securities to be
taken b y stockholders, $175,000. The bonds are guaranteed b y the
Kentucky B lock Cannel Coal Co. Pres., W. de L. Walbridge, 1 B’ way,
N. Y.; Sec. and Treas., M. Baxter Jr.
O h i o A L i t t l e K a n a w h a R y . —Zanesville, O., to Marietta, etc.,
80 miles. V. 69, p. 907. Acquired by Balt. & Ohio, which has pledged
under its Pittsburg Lake Erie & West Virginia m ortgage $578,500
com m on and $815,000 pref. stock. V.73, p. 1264. Stook, all outstand­
ing, common, $1,000,000; preferred, $1,250,000. In year 1900-01,
gross, $178,252; net, $39,691.—(V. 73, p, 1161, 1264.)
O h i o R i v e r A C h a r l e s t o n R y . —In operation from Johnson
City, Tenn., to Caney River, N. C., 338> miles; also graded from John­
son City, Tenn., to Gate City, Va., 40 miles, and from Clinchport, Va.,
to Minneapolis, Va., 40 miles. Tbe stockholders voted June 25 to sell
the road to the South & W estern Ry. V. 74, p. 1090. Stook, $600,000;
outstanding, $551,000. No bonds. Y ear ending May 31,1 90 0 , gross,
$19,512; def. under oper., $2,163.—(V. 74, p. 830, 1090.)
O h i o R i v e r R R . —( See B. < O. Map.)—Owns from Benwood to
k
Huntington, West Va., 209 m iles; trackage into Wheeling, 4 m ile s;
leases Huntington & Big Sandy RR., Huntington to Kenova, West Va.,
11 miles; total in earnings, 224 miles; operates R avenswood Spencer
& Glen ville Ry., Ravenswood to Spencer, 33 m.; Ripley & Mill Creek
Valley, 13 m.; total, 270 miles. In July, 1901, purchased by the Balt.
& Ohio RR., which has pledged $5,880,800 of the $5,915,430 capital
stock as part security for its ow n Pitts. L. E. & W. Va. 4s.—V. 73, p. 82.
R epo e t .—R eport for 1900 is in V. 72, p. 985, showing on 224 miles:
Tear Dec. 31:
Gross. Op. ex. < taxes. Net.
&
Int., etc.
Balance.
1901..............$1,517,934 $1,014,469 $503,465 $287,774 $215,691
1900............. 1,453,018
981,863
471,155
290,099 181,056
- ( V . 72, p. 9 8 5 ; V. 73, p. 83,237, 287.)
O h i o S o u t h e r n R R . —See D etroit Southern Ry.
O l d C o lo n y R R . ( M a s s .) —Owns road from Boston to Provincetown, Mass., N ewport, R. I., etc., 508 miles; leases, 108 miles.
L e a s e .— In 1893 leased to the New York New Haven & Hartford
fo r 99 years. A bout $5,500,000 of the stock, inoluded in table above,
is held by the lessee. The lease provides for dividends of 7 p. o. per
annum on stock not exchanged. V. 56, p. 247, 374. Stook author­

J.
A.
F.
J.
F.

&
&
&
<
fc
&

D. N.Y., Central Tr. Co.
do
do
O.
do
do
A.
J. New York or Phila.
A. Phila., E. W.Clark & Co.

Boston, Offioe.
Q .-J .
do
A. & O.
do
J. & J.
do
J. & J.
do
F. & A.
do
J. & D.
J. & J. Boston, N. E. Trust Co.
J. & J. Treas. office, Boston.
J. & J. Prov. L. & T. Co., Phila.
J. & J. N. Y ., South Pacifio Co.
N. Y. Office, 120 B’way.
J. & J.
do
do
J. & D. New York & Germany.
w nedby Union Pacific.
F. & A. N. Y., 120 Broadway.
do
do
J. & J.
do
do
J. & J.

Apr. 1, 1932
July, ’ 02, 2ia%
July 1, 1926
Mch. 1, 1950
June
Apr.
Aug.
July
Aug.

1,
1,
1,
1,
1,

1936
1937
1920
1922
1908

July 1 ,’ 02, 1%
Apr. 1, 1904
July 1, 1904
Jan. 1, 1938
Feb. 1, 1924
Deo. 1, 1925
Jan. 1, 1910
July 1, 1932
Feb. 1. 1943
July 1, 1927
July 2, ’98,1%
July 1 ,’02, 2%
June 1, 1946
Feb. 1, 1922
July 1, 1908
July 1, 1926

ized, $20,000,000. In Deo.. 1901. issued $150,000 additional stook
for extension to a point near Adamsdale, Mass. In June, 1902, is­
sued $1,000,000 o f 3 ig per cent bonds.—(V. 75, p. 78,135.)
O m a h a B r i d g e & T e r m . R y . —See April, 1899, Su p .; V.74, p.206
O m a h a K a n s a s C ity A E a s t e r n R R . —In 1902 sold taC. B. & Q
—(V. 71, p. 492; V. 73, p. 1062.)
O m a h a A S t. L o u i s R R . —On Nov. 1,1901, the Wabash RR. took
over the road after foreclosure. Year 1900-01, gross, $516,656.
O n t a r i o A R a i n y R i v e r R R . —V. 68, p. 1077; V. 69, p. 334.
O r a n g e A N o r t h w e s t e r n R R . —Buna to Orange, Texas, 30
miles. Extensions are proposed, making 385 miles in all. Stock to be
reduced by cancellation to *35,000. In April, 1902, tbe Railroad Com­
missioners of Texas approved the issue of $650,000 bonds. President,
L. Miller; Sec. and Treas.. W. W. Reid; Gen. Mgr., C. W. Hole. Office,
Orange, T e x —V. 74, p. 937,1252.
O r e g o n A C a l i f o r n i a R R . —(Nee Map Southern Pac.) -Portland,
Ore., to California State line, 367 m iles; Albany Juno, to Lebanon, 12
miles; Portland to Corvallis, 9 7 miles; W oodburn to Natron, 93 miles;
Portland, Ore., to Airlee, Ore., and branch, 85 miles. T otal,654 miles.
L ease , E tc .—Leased to Southern Paoiflc Co. for 34 years from Auguet
1,1893, the lessee guaranteeing interest on the bonds, and the lessor
receiving any net profit and being charged with any defloit after pay­
ment of charges. Betterments are payable by lessor. Southern Paoiflo
owns the bulk of its $19,000,000 stook, $12,000,000 of which is 7 p. c.
pref. V. 72, p. 287. Due So. Pac. Co. June 30, 1901, $4,524,413.
B onds.—Land grant was about 4,000,000 acres, part o f whioh is
covered by the mortgage, proceeds of land sales going to redeem bonds
(suoject to call at par). The Southern Pacifio guaranty of princi­
pal and interest is printed on each of the 5 per cents. In 1900-01 net
land sales subject to mort. wer